Search found 13196 matches

by Jack FFR1846
Wed Jan 27, 2021 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Need help - issues on house inspection report
Replies: 16
Views: 937

Re: Need help - issues on house inspection report

So, quite a bit that you describe existed in my house when I bought it. The difference is that my lot is on the side of a hill, so grading and water release is a simple task of getting the water to the downhill side of the house and off it goes. Clearly, something like gutter cleaning needs to be do...
by Jack FFR1846
Wed Jan 27, 2021 1:18 pm
Forum: Investing - Theory, News & General
Topic: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?
Replies: 135
Views: 4926

Re: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?

A) Did you buy the stock in March 2020 in spite of it going down 30+%? Yes. My buying consists of my 401k, which is all S&P 500, DW's 401k, which is all total Bond. As we hit cash targets, this is used in taxable to buy total US stock ETFs. All of this went as usual. B) Did you hold the stock i...
by Jack FFR1846
Wed Jan 27, 2021 12:44 pm
Forum: Personal Consumer Issues
Topic: Where do you keep the original of your will?
Replies: 69
Views: 5111

Re: Where do you keep the original of you will?

If the client has custody of the Will and it can't be found, there's a presumption that the client destroyed it with the intention of revoking it. We had such a case where we think that someone who would be much better off absent the Will caused it to go missing. The case was settled. If the law fi...
by Jack FFR1846
Wed Jan 27, 2021 9:33 am
Forum: Personal Investments
Topic: Net Worth and Leaving Corporate World
Replies: 43
Views: 3978

Re: Net Worth and Leaving Corporate World

Sorry, you can't quit. The 529 isn't going to go very far unless your kids get scholarships or somehow have their schooling paid for. My older son started at a mediocre engineering school (didn't do well in high school) at $44k a year, but with an $11k scholarship. After the first year, he aced out ...
by Jack FFR1846
Wed Jan 27, 2021 9:19 am
Forum: Personal Consumer Issues
Topic: What are your DIY Home and Hobby Projects to Save $$$ and/or Have Fun?
Replies: 105
Views: 8428

Re: What are your DIY Home and Hobby Projects to Save $$$ and/or Have Fun?

Work from home has greatly accelerated my biggest money saver. That is feeding my wood burning, forced air furnace to heat our home. When working at the office, I'd light it up after work and keep it going until I went to bed. Now, I light it up right after breakfast and it's going until I go to bed...
by Jack FFR1846
Wed Jan 27, 2021 8:07 am
Forum: Personal Finance (Not Investing)
Topic: What to do about Grandma and her house
Replies: 29
Views: 3287

Re: What to do about Grandma and her house

She has no income and no prospects for income. She has zero chance of getting a refi. What savings/retirement funds etc might she have? I sort of assume nothing as it wasn't mentioned. For housing, clearly she doesn't need the house. She should sell it and move into a rental. If she is poor with mon...
by Jack FFR1846
Tue Jan 26, 2021 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Porsche 911 as an investment....
Replies: 103
Views: 7091

Re: Talk me out of buying a car as an investment....

Cool. Finally a topic I know a lot about. I bought a '73 911S for $12.5K in 1986 and it subsequently sold on Goodings 20+ years later for $214K. I drove it all those years and put 180K miles on it. Restored it twice. I now have an absolutely pristine, original, low mileage 1975 Carrera; a 1990 trip...
by Jack FFR1846
Tue Jan 26, 2021 2:03 pm
Forum: Personal Investments
Topic: Buy silver bullion near cost
Replies: 8
Views: 788

Re: Buy silver bullion near cost

Go buy $100 of junk silver from craigslist, pawn shops, coin stores. Take a magnet and be amazed how many coins stick to the magnet. There are TONS of fake silver coins out there. When you go to sell on craigslist, pawn shops, coin stores, they'll all do this and either reject all of your coins or c...
by Jack FFR1846
Tue Jan 26, 2021 10:05 am
Forum: Personal Finance (Not Investing)
Topic: How much tax burden is too much?
Replies: 64
Views: 4630

Re: How much tax burden is too much?

The good news is that you're able to build a McMansion with 4000 square feet for only peanuts. That house in my town would easily be $1.5M to $2M. My own house is 2800 sq feet with an 864 foot detached garage on a bit over 13 acres across the street from a state park lake. Worth about the same $600k...
by Jack FFR1846
Tue Jan 26, 2021 9:39 am
Forum: Personal Investments
Topic: Nearing retirement questions
Replies: 9
Views: 1880

Re: Nearing retirement questions

3. My financial advisor friend recommended breaking out VTINX into individual funds. This seems complicated to me. Does anyone think it is necessary to break into individual funds. VTINX Is a 30/70 stocks to bonds allocation. I use my funds to rebalance to an overall 60/40 allocation. My spouse is ...
by Jack FFR1846
Tue Jan 26, 2021 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Porsche 911 as an investment....
Replies: 103
Views: 7091

Re: Talk me out of buying a car as an investment....

I am absolutely a car guy. Many years of shows, including running Oktoberfest's show for BMW CCA, autocross championships, roadrace track records, was an officer in the Boston BMW CCA chapter. Owned everything from an E30 M3 to a fully prepped racecar to building a Factory Five Cobra, Shelby Cobra r...
by Jack FFR1846
Tue Jan 26, 2021 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Calculating IRR of Silver Dime
Replies: 10
Views: 792

Re: Calculating IRR of Silver Dime

Your price is too high. You can buy these retail from Apmex for less money. I'd guess you'd get about $1.90 per dime "buy price" from Apmex. It's on you to ship them. For a roll, you'll pay (guess) $5. So for the roll, you'll end up with $95 in your pocket. https://www.apmex.com/category/2...
by Jack FFR1846
Mon Jan 25, 2021 3:43 pm
Forum: Personal Consumer Issues
Topic: Converting garage space into additional bedroom
Replies: 23
Views: 1750

Re: Converting garage space into additional bedroom

First, find out from your town if it's allowed. I don't know where you are, so I can't say that it is or isn't. Realize that the conversion will reduce your home's market value but likely increase it's assessed value. Have you figured out who is going to take care of the relative when there isn't a ...
by Jack FFR1846
Mon Jan 25, 2021 3:38 pm
Forum: Personal Investments
Topic: Not Comfortable With The Current Stock Market Valuation
Replies: 45
Views: 2817

Re: Not Comfortable With The Current Stock Market Valuation

My allocation is 50/50.

When stocks are up, I cheer.
When bonds are up, I cheer.

I absolutely never ask about going to cash. Cash never goes up.
by Jack FFR1846
Mon Jan 25, 2021 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance settlement on car
Replies: 18
Views: 1295

Re: Insurance settlement on car

Before getting your car undercoated, watch this video from Eric O at South Main Auto. The short message: rubberized undercoating PROMOTES rust. https://www.youtube.com/watch?v=nXvl9nt57Kg&ab_channel=SouthMainAutoRepairLLC Non sealing products like Krown and fluid film or even doing old school sp...
by Jack FFR1846
Mon Jan 25, 2021 12:05 pm
Forum: Personal Consumer Issues
Topic: Time to take kids off auto insurance...or not?
Replies: 13
Views: 865

Re: Time to take kids off auto insurance...or not?

Why would OP be liable for the actions of another adult, not on OP's insurance? Because OP has not properly insured someone using his vehicle. The insurance company insures against defined risks. If a son, considered part of the household isn't covered and causes a claim, that's where the insurance...
by Jack FFR1846
Mon Jan 25, 2021 11:50 am
Forum: Personal Consumer Issues
Topic: sold $100 item on eBay...got bill from them for $200 shipping!
Replies: 44
Views: 5244

Re: sold $100 item on eBay...got bill from them for $200 shipping!

I'm not surprised and keep in mind that even if you are careful and first go to UPS to check shipping, the next day, the cost may go up dramatically. I had something similar happen with a long car part. Probably 5 feet. Had a quote of $36 on a Friday. Went back Monday to mail and it was $96. They sa...
by Jack FFR1846
Mon Jan 25, 2021 11:46 am
Forum: Personal Consumer Issues
Topic: Time to take kids off auto insurance...or not?
Replies: 13
Views: 865

Re: Time to take kids off auto insurance...or not?

First, ask your insurance agent it it will save anything. My older son has the same "safe driver" rating as DW and me. Having him on our policy as occasional driver, as part of the household costs us nothing. If the kid still lives with you, he's part of the household. If not living with y...
by Jack FFR1846
Mon Jan 25, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Insurance settlement on car
Replies: 18
Views: 1295

Re: Insurance settlement on car

In Mass, I was offered the car value (not a new car, a same year/miles car) plus sales tax and registration/title fees. If you want to argue value, find as many similar cars for sale and if indeed, they're all higher, present them to the insurance company. If you find that the value is about right, ...
by Jack FFR1846
Mon Jan 25, 2021 8:43 am
Forum: Personal Investments
Topic: Our full picture - turning to BHs as financial advisors
Replies: 24
Views: 2835

Re: Our full picture - turning to BHs as financial advisors

Just a quick comment on "his roth". VTI and VTSAX are exactly the same thing. I'd convert to all VTI to save the 0.01%.

You make so much money that 100% is less of a risk. If you can avoid lifestyle expenses, you'll do well (live below your means).
by Jack FFR1846
Mon Jan 25, 2021 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Paying 17 year old for work on rental properties and the $12,000 tax deduction question
Replies: 13
Views: 1059

Re: Paying 17 year old for work on rental properties and the $12,000 tax deduction question

Do you actually pay $12,000 to your son? If you don't, then he has no income and you have no expense.
by Jack FFR1846
Sun Jan 24, 2021 6:46 pm
Forum: Personal Investments
Topic: Advice with parents windfall
Replies: 14
Views: 2144

Re: Advice with parents windfall

Where can one get a 1+% account? If they have that option, do that.
by Jack FFR1846
Sun Jan 24, 2021 4:58 pm
Forum: Personal Investments
Topic: What to do with $150K cash?
Replies: 10
Views: 1002

Re: What to do with $150K cash?

Buy a Porsche 718 Cayman GT4 and opt for European delivery. Take delivery at the Leipzig factory so you can take one of their cars on the track. Spend a month in Europe driving your new car.
by Jack FFR1846
Sun Jan 24, 2021 2:44 pm
Forum: Personal Consumer Issues
Topic: Recon ranger 1000w bicycle ...what do u think?
Replies: 9
Views: 544

Re: Recon ranger 1000w bicycle ...what do u think?

I'm no expert. I've been looking for something like this for a long time. Both the Commando and Ranger look great. I'd put on a shock post like I have on my Cannondale F700 and have the advantages of light weight and pseudo full suspension.
by Jack FFR1846
Sun Jan 24, 2021 1:49 pm
Forum: Personal Consumer Issues
Topic: Best/most comfortable walking shoes?
Replies: 28
Views: 2561

Re: Best/most comfortable walking shoes?

When I had foot pain problems, I went to a podiatrist. He recommended a particular shoe store. They observed how I walked and had me try several shoes, observing how I walked in each. We narrowed down to the best-for-me shoes and I bought them. There is no best for everyone. For one guy a Lotus Elis...
by Jack FFR1846
Sun Jan 24, 2021 1:29 pm
Forum: Personal Investments
Topic: financial advisor advice
Replies: 35
Views: 2687

Re: financial advisor advice

What's your goal? Your current portfolio follows a traditional 3 fund. You're going to have the advantage of simplicity. You can do almost nothing and capture the gains of the market. His proposal is to slice things up and actively work the slices and take advantage of tax loss harvesting. This is l...
by Jack FFR1846
Sat Jan 23, 2021 5:28 pm
Forum: Personal Consumer Issues
Topic: Town A vs Town B
Replies: 75
Views: 5244

Re: Town A vs Town B

I would choose town A. Our kids grew up in a town B and the cliques, the huge amount of drugs, the 16 year old girls getting Range Rovers all were such bad influences. The schools are rated A+ but grade inflation is rampant and school officials have a standard practice of inflating grades as the par...
by Jack FFR1846
Sat Jan 23, 2021 10:56 am
Forum: Investing - Theory, News & General
Topic: Importance of having an annual plan
Replies: 17
Views: 1733

Re: Importance of having an annual plan

Annual? Nope. In my "lifetime" spreadsheet, I do update the year that just went by from the projections to real numbers.

I suppose when we retire, we'll put together a plan. Mainly to optimize for low tax with our withdrawals.
by Jack FFR1846
Fri Jan 22, 2021 6:54 pm
Forum: Personal Consumer Issues
Topic: Buying a vehicle from across the country
Replies: 10
Views: 952

Re: Buying a vehicle from across the country

You don't have to stretch your budget all that much to buy a brand new Mustang GT. I test drove one this past summer. Zero options 5.0L manual. Could have driven it home for $30k. I'm very familiar with the Fox body cars. They're sort of legos and you can easily transplant anything from a 351 to an ...
by Jack FFR1846
Fri Jan 22, 2021 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding
Replies: 78
Views: 4735

Re: Wedding

The first thing to point out is a study that found that on average, the length of a marriage is inversely proportional to the cost of the wedding. Anecdotally, my sister in law went over the top with her wedding with her parents paying for it. Huge wedding in a mansion. In 6 months, they were done. ...
by Jack FFR1846
Fri Jan 22, 2021 2:43 pm
Forum: Personal Consumer Issues
Topic: Work from home getting harder
Replies: 95
Views: 7300

Re: Work from home getting harder

A financial benefit for us has been heating oil cost reduction. We have a wood fired forced air furnace and an oil furnace. Last year, I'd run the wood unit as much as possible, which was on weekends and nights only. Now, it gets lit off right after breakfast and I can load in more wood every couple...
by Jack FFR1846
Fri Jan 22, 2021 2:18 pm
Forum: Personal Investments
Topic: Criticize My Grind (26-37) --> Semi-Retire (37-50) --> Retire (50+)Plan
Replies: 33
Views: 2735

Re: Criticize My Grind (26-37) --> Semi-Retire (37-50) --> Retire (50+)Plan

I'd budget more for college. I paid for my college at a private Northeast engineering college myself from savings, co-op and part time jobs. I already had an associates degree and 3 years of working, so I wasn't the typical snot nose teenager going in. Even then, I did run out of money, thus the co-...
by Jack FFR1846
Fri Jan 22, 2021 2:02 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 193
Views: 46591

Re: 2nd million is easier!

Market gains and prior investments made the increases last year for me. My net worth went up a bit over $400k. My income was $165k. Obviously, my contributions were trivial this past year compared to what the market did for me. You think the 2nd million is easier? I set my spread sheet target at the...
by Jack FFR1846
Fri Jan 22, 2021 1:23 pm
Forum: Personal Consumer Issues
Topic: Work from home getting harder
Replies: 95
Views: 7300

Re: Work from home getting harder

I've been working from home since March. Every week, the amount of work has steadily dropped.
by Jack FFR1846
Fri Jan 22, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Vehicle allowance vs Fleet Vehicle
Replies: 23
Views: 1712

Re: Vehicle allowance vs Fleet Vehicle

Bare minimum would be $1000/month allowance. :lol: That's funny, right there! I have a fleet vehicle. I prefer it. For the same benefits, rough math gets me to $1,000 per month. When the company discussed allowances it was closer to $600 per month. So if the humor is "good luck getting $1k/mon...
by Jack FFR1846
Fri Jan 22, 2021 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Vehicle allowance vs Fleet Vehicle
Replies: 23
Views: 1712

Re: Vehicle allowance vs Fleet Vehicle

TxAg wrote: Fri Jan 22, 2021 8:49 am Bare minimum would be $1000/month allowance.
:lol:

That's funny, right there!
by Jack FFR1846
Fri Jan 22, 2021 8:51 am
Forum: Personal Investments
Topic: Like to know the Pros and Cons of Annuity - Fixed Index Annuity
Replies: 16
Views: 1746

Re: Like to know the Pros and Cons of Annuity - Fixed Index Annuity

Next time you talk with your insurance salesman, ask him what color BMW he will be buying with the commissions from this sale to you. No, really, ask him.
by Jack FFR1846
Fri Jan 22, 2021 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Vehicle allowance vs Fleet Vehicle
Replies: 23
Views: 1712

Re: Vehicle allowance vs Fleet Vehicle

You have a good amount of due diligence to choose the better plan for you. Some questions with prior experience I've had with various car plans over the last 25 years. Are there car requirements. One employer required a car 5 model years old or less, verified with a copy of my registration every Jan...
by Jack FFR1846
Thu Jan 21, 2021 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: RSU Vest Date
Replies: 20
Views: 1240

Re: RSU Vest Date

I don't know about your company. Mine uses eTrade. For RSUs that vest on the 15th, I always see them "released" and in my eTrade account at about 7pm on the 16th. If the 15th is in the middle of the weekend, and Monday is a normal business day, I'll see them at 7pm on Tuesday. Other holdin...
by Jack FFR1846
Thu Jan 21, 2021 5:32 pm
Forum: Investing - Theory, News & General
Topic: Where to put some excess cash...not a CD or Money Market!
Replies: 10
Views: 1057

Re: Where to put some excess cash...not a CD or Money Market!

High yield savings account.

Otherwise, there is nothing.
by Jack FFR1846
Thu Jan 21, 2021 5:28 pm
Forum: Personal Consumer Issues
Topic: I can’t bring myself to spend as much as my first new car on roller shades
Replies: 34
Views: 2348

Re: I can’t bring myself to spend as much as my first new car on roller shades

My first car was a 1961 Rambler that I bought from my Chemistry teacher for $50 when I was 15. I guess if I had your house, I'd buy some plasti-dip and spray the inside of the windows black so nobody could see in. I live in a very different house. I see no other houses from mine unless it's night an...
by Jack FFR1846
Wed Jan 20, 2021 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Car purchase for college, financing and loan payoff
Replies: 9
Views: 443

Re: Car purchase for college, financing and loan payoff

You're buying your daughter a brand new car for college? I suppose if she's going somewhere like Clarkson where there are as many bears as people, then maybe. Otherwise, look into zip car at her college. My son received a free subscription because of being at the college. He would reserve a car when...
by Jack FFR1846
Wed Jan 20, 2021 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Advice to Avoid/Minimize MA Estate Tax
Replies: 60
Views: 3267

Re: Advice to Avoid/Minimize MA Estate Tax

Does MA not include OOS assets in the overall estate? I am pretty sure WA asks for the value of ALL assets owned, not just the ones in WA. OOS real estate would still be included in the WA estate. I am not sure if one could set up a trust domiciled in the OOS place and own the real estate in that t...
by Jack FFR1846
Wed Jan 20, 2021 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Investment in Mobile Home Park
Replies: 91
Views: 6435

Re: Investment in Mobile Home Park

With Covid, tenants can't be evicted. Is it a case that the current owner can't afford to have a trailer park bringing in zero dollars a month, yet pay property taxes and other expenses? This seems to be a horrible time to become a landlord.
by Jack FFR1846
Wed Jan 20, 2021 7:31 am
Forum: Personal Consumer Issues
Topic: How to buy a boat? (the process)
Replies: 39
Views: 3252

Re: How to buy a boat? (the process)

When I decided that we were going to buy a boat for the family, I went to every boat show within 50 miles. I brought a tape measure. I talked with virtually every dealer displaying boats. I learned the pros and cons of various materials and engines and configurations. I learned that when a boat manu...
by Jack FFR1846
Tue Jan 19, 2021 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: applying for auto financing at CU AND dealership
Replies: 6
Views: 483

Re: applying for auto financing at CU AND dealership

Current Subaru incentives are from SOA (Subaru of America) serviced by Chase. All dealers will offer this financing as it's way better than anything you'll find anywhere. My son bought an STi, which typically is the last model to receive any incentives. Up to 4 years (with a good enough credit score...
by Jack FFR1846
Tue Jan 19, 2021 12:44 pm
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 152
Views: 13844

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

Also, if you love the feeling of driving a fast car, you should look into the various forms of high-performance driving and amateur racing. You can get a Spec Miata or various other track-worthy cars for $50k or less, and properly prepared they'll be similar in lap time to all but the highest-end e...
by Jack FFR1846
Tue Jan 19, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: UL Policy Question
Replies: 7
Views: 254

Re: UL Policy Question

The cost of insurance in a UL policy INCREASES every year. Yes, they reset the cost as if you're Joe off the street. I cashed in mine shortly after finding that from my $390 a year or so payment, the monthly insurance cost was $69. Wait, what? Yes. So the design of a UL policy is that you merrily go...
by Jack FFR1846
Tue Jan 19, 2021 7:22 am
Forum: Personal Consumer Issues
Topic: Buying a Car - TSLA OR Honda
Replies: 60
Views: 5839

Re: Buying a Car - TSLA OR Honda

Why not a Miata? Fun, better on gas, fits better in a garage and parking space.

I mean, with the differences in the cars you're comparing, this isn't all that far off.
by Jack FFR1846
Mon Jan 18, 2021 7:29 pm
Forum: Personal Consumer Issues
Topic: How to deter rodent from chewing wires in car
Replies: 50
Views: 3739

Re: How to deter rodent from chewing wires in car

Come to think of it, I've used everything I've ever heard of. We do have the electronic clicking device. Dryer sheets in the car. Moth balls under the car. Hood open. Remove any engine covers. Inspect regularly and vacuum any sign. And of course the anti freeze in the kitty litter tray under my roll...