mjflack

Comments:

• I’d be less concerned about selling a golf course too soon, then about buying a 16 year old a new car. You rationalize it by I mentioning it’s longevity, though what kind of example does that set?

  Post: Misplaced Trust

  Link to comment from October 3, 2024

• stackmchale, It appears you're not be very trusting. Neither am I. The quote from Mark Twain is apocryphal: https://www.snopes.com/fact-check/did-mark-twain-say-its-easier-to-fool-people-than-to-convince-them-that-they-have-been-fooled/

  Post: Jabs Anyone?

  Link to comment from September 27, 2024

• Stellea99, actually there is.

  Post: Mid-year tax planning?

  Link to comment from July 18, 2024

• Stelea99, and William Perry, While I appreciate your concerns about how it’s taxed, currently I’m more concerned about how it’s sold. When it is, I’ll definitely think about circling back with you both.

  Post: Best Way to Sell Gold Eagles

  Link to comment from July 17, 2024

• If you can live close enough to Costco to buy your gas there, then your savings will almost definitely cover the cost of the base ($60) fee. Buying most things at Costco will save you money, though most of the time it comes down to volume, as often 20 lbs. of rice is just a little more than I need. Also I always sample most of the food that is offered for sampling and therefore save $1.50 by not eating the hot dog. You can get a better deal for wine at Trader Joe's.

  Post: Best/worst deals at Costco

  Link to comment from July 15, 2024

• In answer to your exact question: yes, it’s more likely your assets will grow (but you cannot be 100% sure). I think a better question might be: since the 4% rule was invented 30 years ago, if a person followed it, how would it have worked out. I’ve searched the internet without finding an answer.

  Post: Quinns confused about the 4% rule

  Link to comment from July 1, 2024

• The Roth conversion. Not only is determining the amount to convert impossibly complex, but then you need to fight the most primal of self preservation urges to pay taxes before they are due, in some cases decades. I wish the law would change to put a stop to it.

  Post: Which financial tasks do you find most irksome?

  Link to comment from June 28, 2024

• Schwab's ok, but they can't seem to correctly compute my monthly estimated income. Many of my stocks such as MAR (which pays a dividend) have an estimated monthly income listed as $0. Also mutual funds and short term CDs have their estimated monthly income listed as $0. I contacted my Financial Consultant  and the CEO. Not only don't they care, they don't seem to understand the issue.

  Post: TD Ameritrade to Schwab

  Link to comment from June 28, 2024

• This is a situation where a profit-driven corporation makes a limited time offer to former employees to accept a sum of money in return for a lifetime of monthly payments. The corporation in question is doing this because of their generosity. Or for another reason.   There are so many variables in this equation that there can be no correct answer.

  Post: Lumpsum Vs Monthly Payment – Which pension option is better?

  Link to comment from June 28, 2024

• Business Adventures by John Brooks. A collection of articles that is still as interesting, funny and relevant today as it must have been then. The author doesn’t assault the reader with paradigm shifts, rubrics or lessons learned. He simply presents engaging business stories to be enjoyed. I talked about in a little more detail here.

  Post: What’s the best financial book you’ve ever read?

  Link to comment from June 28, 2024