Search found 7066 matches

by Kenkat
Sat Apr 10, 2021 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 33
Views: 1977

Re: Anyone contemplating OLY (One Less Year)?

Yes. I have targeted retirement in 2 years (@ 59) but tell people my retirement date is either Monday or five years from now, depending on the day. Reasons to retire now are that I have plenty of money according to most retirement planner software, work is tiring sometimes and I’m not getting any yo...
by Kenkat
Sat Apr 10, 2021 12:05 pm
Forum: Personal Consumer Issues
Topic: Where to donate suits
Replies: 4
Views: 430

Re: Where to donate suits

All of the local charity / thrift stores around us sell men’s suits - St. Vincent de Paul, Salvation Army, Goodwill
by Kenkat
Sat Apr 10, 2021 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Laid off advice
Replies: 31
Views: 2146

Re: Laid off advice

We're in Pennsylvania. Check out the Affordable Care Act. ACA plans are total trash. The best choice was $1.5k a month in premiums with an $18,000 annual deductible. What a joke. I doubt if you are taking into account the substantial subsidies they would receive at an income level of $50k. Premiums...
by Kenkat
Sat Apr 10, 2021 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Laid off advice
Replies: 31
Views: 2146

Re: Laid off advice

ACA is probably going to be the most affordable insurance option, but you can compare to Cobra. I would definitely look into Social Security Disability at his age and current medical issues. Qualification requirements tend to be less for older working adults who have paid into the system for many ye...
by Kenkat
Sat Apr 10, 2021 10:24 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 53
Views: 5733

Re: In-Laws' HOA demanding $8000 lumpsum payment

I am the Treasurer of a small neighborhood HOA. Whenever a property is sold in our neighborhood, the closing agent will contact me and ask me to provide a statement of account to indicate if any funds are due. This is a pre-close requirement; the closing is not in good order without this. Our HOA re...
by Kenkat
Sat Apr 10, 2021 10:11 am
Forum: Personal Finance (Not Investing)
Topic: house sale: check or wire?
Replies: 21
Views: 980

Re: house sale: check or wire?

Most financial institutions have implemented anti-fraud measures that will catch and stop wire of funds where the account owner does match - for example:

https://www.giact.com/
by Kenkat
Sat Apr 10, 2021 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance - help me get my head straight
Replies: 11
Views: 1376

Re: Inheritance - help me get my head straight

Do my brother and I both have to choose the same option when we transfer the accounts? Not sure I saw this question answered above, but once the accounts are split, you and your brother can follow different withdraw plans as each sees fit. You will each receive 50% of the proceeds in an IRA titled ...
by Kenkat
Fri Apr 09, 2021 6:55 pm
Forum: Investing - Theory, News & General
Topic: Real Return Fakers & Quitting Investing For Good
Replies: 35
Views: 3247

Re: Real Return Fakers & Quitting Investing For Good

What I found was that from 1900-2021 the real return of the S&P 500 is 6.77% while from 1921-2021 it's 7.71% after inflation. In my case all investments are Roth so taxes don't come into account, only inflation. My asset allocation is going to be 90/10 for the long run. Yup, it’s been a heck of...
by Kenkat
Fri Apr 09, 2021 3:19 pm
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 21
Views: 1422

Re: The Great Swing Set Dilemma

At some point, your kid is probably going to fall off the top of that slide anyway, so I am not overly concerned with the bridge. One thing we did make a point of is to surround the entire swing set with wood “playground chips” 2-3 inches thick to cushion any falls that inevitably occur. You can als...
by Kenkat
Fri Apr 09, 2021 8:22 am
Forum: Personal Consumer Issues
Topic: fan trips GFCI; can I plug into surge protector?
Replies: 20
Views: 1019

Re: fan trips GFCI; can I plug into surge protector?

You can buy inline surge protectors - essentially a single plug surge protector and see if that makes a difference. They are only around $10 or less. I have all my major appliances run through these. While it is possible that the fan is bad, GFCI outlets can also go bad. If there is another one else...
by Kenkat
Fri Apr 09, 2021 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Amending medical record...best financial decision?
Replies: 17
Views: 1752

Re: Amending medical record...best financial decision?

I’d spend the $2000 so you know for sure what you are or are not dealing with going forward.
by Kenkat
Thu Apr 08, 2021 8:34 pm
Forum: Personal Consumer Issues
Topic: How frequently should I water shrubs that were planted in late fall
Replies: 14
Views: 711

Re: How frequently should I water shrubs that were planted in late fall

A good measure is an inch of water a week, either provided by nature or you. Water once a week if you didn’t get sufficient rain; watering deeply but less frequently is better for plants as it encourages deeper root growth. After they get established more, it becomes less important as they can bette...
by Kenkat
Thu Apr 08, 2021 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help calculating federal income tax withholding for disability benefits
Replies: 8
Views: 307

Re: Help calculating federal income tax withholding for disability benefits

Ignore if I am stating something that you already know, but if your disability payments are from a private policy that you paid for with after tax dollars, the payments are not taxable. If it is employer paid disability coverage, they are taxable.
by Kenkat
Thu Apr 08, 2021 11:50 am
Forum: Personal Consumer Issues
Topic: USPS Informed Delivery App
Replies: 8
Views: 712

Re: USPS Informed Delivery App

I use the app. It shows you a week of history including current day. You can also check a box next to each mail piece to indicate if something wasn’t delivered. I can use the website for this I suppose but I like the convenience of the app personally. The same functionality exists on the website. I...
by Kenkat
Thu Apr 08, 2021 11:35 am
Forum: Personal Consumer Issues
Topic: USPS Informed Delivery App
Replies: 8
Views: 712

Re: USPS Informed Delivery App

I use the app. It shows you a week of history including current day. You can also check a box next to each mail piece to indicate if something wasn’t delivered. I can use the website for this I suppose but I like the convenience of the app personally.
by Kenkat
Thu Apr 08, 2021 8:06 am
Forum: Personal Consumer Issues
Topic: Are architect estimates for construction costs usually pretty accurate?
Replies: 21
Views: 1424

Re: Are architect estimates for construction costs usually pretty accurate?

The cost to build can vary quite a bit depending on quality of construction. A common metric used is cost per square foot. Since you know the square footage, you (or the architect) can probably estimate a range of cost but the final cost will depend on the specifics of how the addition is built and ...
by Kenkat
Wed Apr 07, 2021 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to determine value and sell old coins, currency
Replies: 11
Views: 1018

Re: Best way to determine value and sell old coins, currency

Thanks to all for such good advice. Sounds like I have a lot of work to do. My collection is from my grandmother and father. Both worked in retail for many years and would put aside coins, currency they found interesting. None of the collection is graded. Sounds like I have a project to mix in with...
by Kenkat
Wed Apr 07, 2021 11:58 am
Forum: Personal Consumer Issues
Topic: The best $10,000 to $15,000 vehicle.
Replies: 42
Views: 3194

Re: The best $10,000 to $15,000 vehicle.

You don’t really give any criteria for what you’d consider best beyond gas mileage or reliability, but general good choices would be Honda Civic or Toyota Corolla. If you really want to splurge, move up to an Accord or Camry.
by Kenkat
Wed Apr 07, 2021 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Best way to determine value and sell old coins, currency
Replies: 11
Views: 1018

Re: Best way to determine value and sell old coins, currency

I think the above posts illustrate that there can be different types of collections. If the collection is mostly loose aka raw common date coins, either in books/albums or cardboard type 2x2 holders, prudent’s advice is good. What you’ve got to watch for is that there are not rare coins mixed in. Fo...
by Kenkat
Wed Apr 07, 2021 10:59 am
Forum: Personal Consumer Issues
Topic: Thoughts on HOA Board Membership?
Replies: 31
Views: 2667

Re: Thoughts on HOA Board Membership?

I am the Treasurer of our small HOA - 19 houses. Over the years I have been Treasurer - 15+ - nobody is screaming for the position :happy - there’s been maybe three situations that were a bit of a pain. Otherwise, it’s a pretty easy job. We are insured and have a landscaping company mow and maintain...
by Kenkat
Wed Apr 07, 2021 10:18 am
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6187

Re: How much cash do you really hold?

I don’t do a percent. I typically have 3 months expenses in cash account which I do not include in my asset allocation. That’s grown now to over a year for various reasons - I will have to decide what to do with that at some point. I then have another 3 months or so in a tax exempt bond fund and the...
by Kenkat
Tue Apr 06, 2021 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting Annuity-
Replies: 23
Views: 1499

Re: Inheriting Annuity-

It does sound very strange that daughter / wife of seasoned insurance agent did not know how to fill out the beneficiary form unless they never talk to each other about things. I mean, you think daughter would check that with expert husband - so I understand your concern. To paint this in the worst ...
by Kenkat
Mon Apr 05, 2021 7:02 pm
Forum: Personal Investments
Topic: Inherited IRA received in 2020 - RMD
Replies: 4
Views: 474

Re: Inherited IRA received in 2020 - RMD

I believe because you are disabled, you can use the single life distribution tables for taking RMDs over your remaining lifetime (i.e., the “stretch IRA” under the old rules). That said, I believe you have to start those RMDs in 2021; there is no 10 year delay if using the single life distribution m...
by Kenkat
Sun Apr 04, 2021 3:53 pm
Forum: Personal Consumer Issues
Topic: Repair or Replace 2003 Toyota Corolla
Replies: 67
Views: 5493

Re: Repair or Replace 2003 Toyota Corolla

My guess is that your battery light is on because the alternator is failing. So I think you need to replace that. I think they are recommending the belt because you might as well replace it since you are removing the alternator (which runs off the belt) anyway. Even if you are going to sell it, it’s...
by Kenkat
Sun Apr 04, 2021 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 362
Views: 25802

Re: [Third stimulus payment - mega-thread]

EIP1 - Received payment via DD. EIP2 - Received a check in the mail. EIP3 - Haven't received yet, though it was scheduled to have gone out by mail eight days ago. Anybody else in a similar position? We scheduled your payment to be mailed on March 26, 2021 to the address we have on file for you. I g...
by Kenkat
Sun Apr 04, 2021 12:30 pm
Forum: Investing - Theory, News & General
Topic: Incredible stock market gains the past year - probably due for a major pullback
Replies: 89
Views: 10678

Re: Incredible stock market gains the past year - probably due for a major pullback

When you say you’ve been monitoring your balances for a long time, how long is long? I’ve experienced two 20+% drops in my investing lifetime - one in 2002 and one in 2008. There will probably be another one but nobody knows when or even for sure that this will happen. But yes, any future “gains” yo...
by Kenkat
Sun Apr 04, 2021 10:24 am
Forum: Personal Consumer Issues
Topic: "V" Rated Tired vs "H" Rated Tire
Replies: 12
Views: 935

Re: "V" Rated Tired vs "H" Rated Tire

It’s a speed rating - your car must be rated to be capable of a top speed that exceeds the limit of the H rating. A quick Google shows that Pirelli makes the tire you want in a V rating but not for the specific size you need (the 20in. must be a newer size).
by Kenkat
Sat Apr 03, 2021 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Career advice for high schooler with HFA & difficulty with math
Replies: 59
Views: 5174

Re: Career advice for high schooler with HFA & difficulty with math

I have a son with high functioning autism. When they refer to autism as a “spectrum”, it is because it, and the impact on someone, is different for each individual. There are specific strengths and weaknesses for each person. In addition, many also will struggle with co-conditions such as anxiety or...
by Kenkat
Fri Apr 02, 2021 11:46 am
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12343

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

And I think we all agree the pandemic of 2020 was more disruptive and destructive to the US economy than the sub-prime crisis. We don’t all agree. I don’t. And I’d say the market as a whole doesn’t either or we wouldn’t be having this conversation. Now you may be right and it will turn out that the...
by Kenkat
Fri Apr 02, 2021 8:57 am
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12343

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

I rebalanced from stocks to bonds at some point in late 2020 to get back to my baseline 70/30 asset allocation. I moved all of my money in Total Bond Market Index in my 401k to the Guaranteed Account available that is paying 3%. I still have money in Total Bond in my IRA account. I have been buildin...
by Kenkat
Thu Apr 01, 2021 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Nd help deciphering my mother's intentions in re: Series EE Savings Bonds in my mother's Safety Deposit Box
Replies: 19
Views: 1673

Re: Nd help deciphering my mother's intentions in re: Series EE Savings Bonds in my mother's Safety Deposit Box

I would go for simplification here. I would cash 10 savings bonds now, in 2021, and then 10 more in 2022 and 2023. Gift the proceeds to the 3 children as they are cashed. This spreads the taxable interest out across three years for mom, and avoids dealing with these all at once in 2023 when they mat...
by Kenkat
Wed Mar 31, 2021 4:42 pm
Forum: Personal Consumer Issues
Topic: Can't remove old shower head
Replies: 38
Views: 1865

Re: Can't remove old shower head

I would strongly hesitate to start torquing multiple wrenches on it as you'll FUBAR something else and create a bigger problem. If you torque something hard enough, it is possible to twist the copper fitting right off of the pipe in the wall. Then you will have to call a plumber to cut through the ...
by Kenkat
Tue Mar 30, 2021 6:00 pm
Forum: Personal Consumer Issues
Topic: Can I stop working? [New car discussion]
Replies: 63
Views: 3285

Re: Can I stop working? [New car discussion]

Again, it is all relative. Consider two money market funds; one pays 0.01% per annum, the second 0.05% per annum. The second fund pays FIVE TIMES as much interest as the first. Greatly superior, right? Or, on a $100,000 balance, the difference is $40 per year. That’s forty bucks. Significantly bette...
by Kenkat
Tue Mar 30, 2021 4:35 pm
Forum: Personal Investments
Topic: Trust in pensions ?
Replies: 43
Views: 2940

Re: Trust in pensions ?

I looked at the PBGC page and yes, it is more than the pennies on the dollar statement I made, but it also depends on the size of the pension being expected. If a $80K a year pension was expected at age 62, if PBGC is taking over, odds are very slim that you approach that amount. I appreciate the r...
by Kenkat
Tue Mar 30, 2021 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Online purchase damaged during shipment - PayPal or credit card dispute?
Replies: 12
Views: 745

Re: Online purchase damaged during shipment - PayPal or credit card dispute?

I would file a dispute through Paypal’s process as that is who the payment was initially run through. You have attempted to work things out with the seller and haven’t been successful, so filing a dispute and claim through Paypal is the next step. Items can be damaged in shipment and it is not alway...
by Kenkat
Tue Mar 30, 2021 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Spending money and living now VS saving and living better later?
Replies: 82
Views: 7318

Re: Spending money and living now VS saving and living better later?

Pick a retirement/future savings %.... ...THEN SPEND THE REST. This is what we did. I put together a plan in 1998, projected a number I wanted to get to at a certain age and a savings percent to get there and then monitored and adjusted. It’s been an imprecise ride but it’s been good enough. The re...
by Kenkat
Tue Mar 30, 2021 8:21 am
Forum: Personal Consumer Issues
Topic: Fidelity Study on Retirement
Replies: 18
Views: 2056

Re: Fidelity Study on Retirement

I am surprised by the 82% number as well. From a financial perspective, we’ve also ended up better off overall. I probably save $400-500 a month working from home and we’ve been staying home a lot more so not spending on travel, dining, etc. I am well aware of how fortunate we are to be able to say ...
by Kenkat
Mon Mar 29, 2021 6:28 pm
Forum: Personal Investments
Topic: VWINX as a place to park emergency funds?
Replies: 19
Views: 2620

Re: VWINX as a place to park emergency funds?

It dropped by close to 20% in the 2008-2009 financial crisis. It might be too aggressive but only you can say for sure. I can say that in over 30 years of investing, I’ve never really needed to tap my emergency fund, so you need to weigh likelihood vs. opportunity for higher returns.
by Kenkat
Mon Mar 29, 2021 4:43 pm
Forum: Personal Consumer Issues
Topic: Can I stop working? [New car discussion]
Replies: 63
Views: 3285

Re: Can I stop working? [New car discussion]

These discussions always come down to a judgement call around relative safety. For example, looking at the 2017 data, you are FIVE TIMES more likely to die in a BMW 3 Series (42 deaths out of a million miles driven) than a Honda Odyssey (8 deaths). Five times! Anyone driving a BMW 3 Series is making...
by Kenkat
Mon Mar 29, 2021 7:51 am
Forum: Personal Investments
Topic: The safest way to 7%?
Replies: 88
Views: 8305

Re: The safest way to 7%?

An investor who "took the deal" and put $10,000 into EE Bonds per year for the next twenty years, would have a bond ladder that guaranteed a 3.53% return on each annual investment, with a guaranteed YTM after year 12 of each rung of that bond ladder that would be over 8% and outcompete al...
by Kenkat
Sun Mar 28, 2021 7:50 pm
Forum: Personal Investments
Topic: The safest way to 7%?
Replies: 88
Views: 8305

Re: The safest way to 7%?

Years 12-20 of an EE Bond have a Yield to Maturity over 8.0% guaranteed by the US Treasury. An investor who "took the deal" and put $10,000 into EE Bonds per year for the next twenty years, would have a bond ladder that guaranteed a 3.53% return on each annual investment, with a guarantee...
by Kenkat
Sun Mar 28, 2021 3:57 pm
Forum: Personal Investments
Topic: High Yield Bond Funds VWESX vs. VWEHX ?
Replies: 15
Views: 1199

Re: High Yield Bond Funds VWESX vs. VWEHX ?

Great info, thanks. I did not know the PPS of the high yield bond fund will decrease over time. Seems crazy to me but that's why I'm here, to learn from people smarter than me. Based on what you and sycamore said, I'm not interested in that. Portfoliovisualizer.com was exactly what I was looking fo...
by Kenkat
Sun Mar 28, 2021 10:51 am
Forum: Personal Consumer Issues
Topic: Ethical question about PayPal transaction
Replies: 16
Views: 1329

Re: Ethical question about PayPal transaction

I’d reach out. I would want someone to do the same for me.
by Kenkat
Sun Mar 28, 2021 10:48 am
Forum: Personal Investments
Topic: The safest way to 7%?
Replies: 88
Views: 8305

Re: The safest way to 7%?

You have picked a very specific timeframe and a very specific target return. Any reasonable answer will mean you’re going to need some equities which aren’t “safe” as I would define “safe”. And therefore any return might end up at 7% or it might end up at 0% - you just don’t know. I have tracked my ...
by Kenkat
Sun Mar 28, 2021 9:43 am
Forum: Personal Investments
Topic: With hitting zero owed federal taxes, should I allocate a % to Roth 401k?
Replies: 28
Views: 1970

Re: With hitting zero owed federal taxes, should I allocate a % to Roth 401k?

The increased child tax credits this year from the new American Rescue Plan Act are fully refundable, so you don't need a tax liability to claim the full amount of the credit. This means any traditional 401k tax deferral would still give you a deduction at your marginal tax rate. Can you explain mo...
by Kenkat
Sat Mar 27, 2021 5:27 pm
Forum: Personal Consumer Issues
Topic: From your personal experience, bathroom in finished basement?
Replies: 37
Views: 2724

Re: From your personal experience, bathroom in finished basement?

100% yes on a half bath at a minimum; if you already have the rough-ins, it should be reasonable cost.
by Kenkat
Sat Mar 27, 2021 3:48 pm
Forum: Personal Consumer Issues
Topic: exipred / obsolete propane jugs
Replies: 58
Views: 3911

Re: exipred / obsolete propane jugs

Yes Blue Rhino fills to 15lbs. I can get my tanks filled for $10 at my local Ace Hardware; I have two (grill and patio heater) so always have one I can swap out if needed. You pay a premium for convenience with Blue Rhino which is fine if that’s what works for you.
by Kenkat
Sat Mar 27, 2021 1:54 pm
Forum: Investing - Theory, News & General
Topic: Total Bond vs. Intermediate Term Bond
Replies: 31
Views: 3974

Re: Total Bond vs. Intermediate Term Bond

If you look at Nisiprius’ chart between 2008-2010, you can see the basic difference between the two funds. The higher weighting of corporates in the Intermediate Term Bond fund helps it along when the economy is doing well. When the winds turn bad, the higher weight of the treasuries in Total Bond I...
by Kenkat
Sat Mar 27, 2021 12:30 pm
Forum: Personal Consumer Issues
Topic: exipred / obsolete propane jugs
Replies: 58
Views: 3911

Re: exipred / obsolete propane jugs

A full service gas/fuel supplier will dispose of them for you for a small fee. $10 or so as I remember it.
by Kenkat
Sat Mar 27, 2021 11:40 am
Forum: Personal Investments
Topic: High Yield Bond Funds VWESX vs. VWEHX ?
Replies: 15
Views: 1199

Re: High Yield Bond Funds VWESX vs. VWEHX ?

These are not both high yield bond funds. The Long Term Investment Grade fund is going to expose you more to interest rate fluctuations. The reason you saw capital gains in 2020 was because interest rates fell. There have been capital losses in 2021 due to rising rates. This fund would be a relative...