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Re: Store or cut up un-needed credit cards?

We repeatedly turn down offers to increase our lines of credit because we don't want to be responsible if something goes wrong (e.g. identity theft). Well you wouldn't be responsible if something goes wrong. The major card networks offer zero liability protection for unauthorized transactions so if...
by 2stepsbehind
Wed Oct 29, 2014 12:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Store or cut up un-needed credit cards?
Replies: 28
Views: 2461

Re: Should I use 50k Delta miles for a $600 flight?

Flyertalk can be intimidating at first but I think a lot of people come here and think that too. VTSMX? What the heck is that? What about my AA? How did you know I go to those meetings? Well said. Here's the thing: yes, it takes time to figure out what is going on/understand the lingo on flyertalk....
by 2stepsbehind
Tue Oct 28, 2014 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 4363

Re: Store or cut up un-needed credit cards?

We repeatedly turn down offers to increase our lines of credit because we don't want to be responsible if something goes wrong (e.g. identity theft). Well you wouldn't be responsible if something goes wrong. The major card networks offer zero liability protection for unauthorized transactions so if...
by 2stepsbehind
Tue Oct 28, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Store or cut up un-needed credit cards?
Replies: 28
Views: 2461

Re: Should I use 50k Delta miles for a $600 flight?

Exterous, 2stepsbehind, et al, Thank you very much! I have one more question, which is rather critical: Apparently, there are various ways to qualify for the initial bonuses in the absence of high expenditures. Someone said that this is covered on the Fliertalk site, but I could not find relevant d...
by 2stepsbehind
Tue Oct 28, 2014 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 4363

Re: Should I use 50k Delta miles for a $600 flight?

I always thought this would truly harm your credit score. Has anyone else on the forum done something like this without repercussions? What "repercussions" are you concerned about? As autonomy noted unless you are planning to apply for a mortgage, car or student loan within the next year ...
by 2stepsbehind
Tue Oct 28, 2014 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 4363

Re: Should I use 50k Delta miles for a $600 flight?

Wow, and I thought I churned a lot! I'm assuming you and your wife live at the same address. Do you apply for different cards? I would think you couldn't apply for the same card for two different people at the same address, no? Not Exterous, but why would you think that? As far as I know, no issuer...
by 2stepsbehind
Tue Oct 28, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 4363

Re: Should I use 50k Delta miles for a $600 flight?

I always thought this would truly harm your credit score. Has anyone else on the forum done something like this without repercussions? What "repercussions" are you concerned about? As autonomy noted unless you are planning to apply for a mortgage, car or student loan within the next year ...
by 2stepsbehind
Tue Oct 28, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 4363

Re: Should I use 50k Delta miles for a $600 flight?

How many miles do you have in delta vs. other frequent flier programs? Chances are if you just have a vague sense that one day you'd like to travel internationally then you should probably use the miles now. However, if you know that next fall you plan to go to Paris, then I'd suggest holding on to ...
by 2stepsbehind
Sun Oct 26, 2014 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 4363

Re: Should I use 50k Delta miles for a $600 flight?

I have averaged 1.7 cpm on Delta redemptions over the past few years, but those are all international flights and involve far more than 50,000 miles. I suspect your return is probably about average. Pointsguy.com gives 1.2 cpm as the Delta average for domestic flights. I think the best I have ever ...
by 2stepsbehind
Sun Oct 26, 2014 1:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 4363

Re: Should I use 50k Delta miles for a $600 flight?

How much are flights on other airlines (both in terms of miles and cash)? While this does not appear an ideal redemption, if you don't have any other plans for the miles, you could do worse. As someone mentioned, miles are a depreciating asset so it is better to use them judiciously (and as I've sai...
by 2stepsbehind
Sun Oct 26, 2014 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 4363

Re: Anyone cancelling travel plans?

Now, if I was scheduled for a photo safari in Africa, maybe I would, but ONLY that. I'm not sure why you would cancel even then. The primary areas for safaris are in East Africa and southern Africa, while Ebola is currently a problem in West Africa. Would you cancel a trip to Florida because some p...
by 2stepsbehind
Sun Oct 19, 2014 6:58 am
 
Forum: Personal Consumer Issues
Topic: Anyone cancelling travel plans?
Replies: 117
Views: 6321

Re: Estate planning - big firm or solo practitioner?

J295 wrote: Generally, I'd want someone with ... typically high law school class ranking (top 10%)


You've got to be kidding me--10-20 years of experience under their belt and you are concerned about how they did in crim 13+ years ago? That sounds like overkill.
by 2stepsbehind
Thu Oct 16, 2014 11:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estate planning - big firm or solo practitioner?
Replies: 17
Views: 1382

Re: Helping prepare family financially if earner dies early

Very sorry to hear about the diagnosis. Has your wife run her credit report? What credit cards are in her name now? You can call the relevant utilities and at least add her to the accounts.
by 2stepsbehind
Wed Oct 15, 2014 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping prepare family financially if earner dies early
Replies: 8
Views: 1064

Re: Thoughts on getting out [of job]

Can you request a demotion due to unspecified family reasons to get you out of the management and leadership responsibilities which you seem to be reacting to? You may find that change enough to improve the situation so that you can last til you qualify for the pension.
by 2stepsbehind
Tue Oct 14, 2014 7:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 37
Views: 5048

Re: Credit Card Issue

No offense, but you sound like you were a bit belligerent on the phone and so the chase representative you were speaking to updated the account to so reflect and thats why other subsequent customer service reps weren't accommodating/forthcoming. Chances are when you receive the next card and you cal...
by 2stepsbehind
Mon Oct 13, 2014 8:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Issue
Replies: 26
Views: 1922

Re: Non performance by executrix

Bsteiner thank you. The executrix is pro se. Since she handled the first estate with a lawyer, she claimed to know enough not to need one on the second estate. She is/was working with an accountant on this estate. He initially provided some info to us, but is no longer doing that. At one pointe he ...
by 2stepsbehind
Sun Oct 12, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non performance by executrix
Replies: 38
Views: 2946

Re: Couch Surfing

Couch surfing strikes me as a modern day gloss on hitchhiking. It may work well in the vast majority of circumstances, but there's certainly risk involved for both sides of the transaction. The fact that someone links to facebook or email to me is of little comfort given how easy it is to make and f...
by 2stepsbehind
Sun Oct 12, 2014 2:27 pm
 
Forum: Personal Consumer Issues
Topic: Couch Surfing
Replies: 90
Views: 5515

Re: inherited 500k, still a college student, how to invest??

solid advice from blueleaf. I'd take his/her comments to heart.
by 2stepsbehind
Sun Oct 12, 2014 9:37 am
 
Forum: Investing - Help with Personal Investments
Topic: inherited 500k, still a college student, how to invest???
Replies: 55
Views: 5508

Re: Non performance by executrix

Bsteiner thank you. The executrix is pro se. Since she handled the first estate with a lawyer, she claimed to know enough not to need one on the second estate. She is/was working with an accountant on this estate. He initially provided some info to us, but is no longer doing that. At one pointe he ...
by 2stepsbehind
Sun Oct 12, 2014 6:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Non performance by executrix
Replies: 38
Views: 2946

Re: Credit Cards and History

If you are just looking "for a good credit future" you don't have to do anything. Thank your parents. You already qualify for the best rates. If you just wanted to further solidify that you could get an amex from american express (as opposed to the Fidelity amex) such as blue cash or amex ...
by 2stepsbehind
Sun Oct 12, 2014 5:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards and History
Replies: 8
Views: 1208

Re: Credit card with thin file [to build credit history]

The CapitalOne card should also come with a free fico so I wouldn't open a discover card just for that purpose
by 2stepsbehind
Sat Oct 11, 2014 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit card with thin file [to build credit history]
Replies: 14
Views: 1431

Re: The Most Serious Threat When Using Credit: You [NYT Arti

Or you could make it actionable by asking what people intend to do about this research?
by 2stepsbehind
Sat Oct 11, 2014 2:27 pm
 
Forum: Personal Consumer Issues
Topic: The Most Serious Threat When Using Credit: You [NYT Article]
Replies: 4
Views: 637

Re: Making distributions to heirs.

My advice is to leave money to the kids equally and include a note that you hope the money will help fund any grandchildren's college expenses. Any unequal distribution among the kids is likely to cause tension. Moreover, your unmarried child may get married and have children and/or adopt one day.
by 2stepsbehind
Sat Oct 11, 2014 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Making distributions to heirs.
Replies: 13
Views: 1405

Re: Hamilton watches, worth the money?

Yes, you are being defensive. A number of the watch aficionados stated that in their opinion there is not a significant difference between an automatic watch that is $20 (e.g. timex) vs $600 (e.g. hamilton). While you may disagree with them, you can hardly say that these individuals were just frowni...
by 2stepsbehind
Sat Oct 11, 2014 10:48 am
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 262
Views: 13519

Re: Hamilton watches, worth the money?

To be fair, both the thread title and opening post left a great deal of ambiguity as to the purpose of the thread. If you want to invite less judgment as a particular purchase, you'd be better off framing your question as to whether XYZ potential purchase is a "good deal" or if you are ge...
by 2stepsbehind
Sat Oct 11, 2014 10:24 am
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 262
Views: 13519

Re: Survivor Benefits When Buying Life Insurance

How much are your current expenses and how much would it cost to pay off the house? Do you get any insurance from your place of employment?
by 2stepsbehind
Sat Oct 11, 2014 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Survivor Benefits When Buying Life Insurance
Replies: 7
Views: 269

Re: Hamilton watches, worth the money?

To be fair, both the thread title and opening post left a great deal of ambiguity as to the purpose of the thread. If you want to invite less judgment as a particular purchase, you'd be better off framing your question as to whether XYZ potential purchase is a "good deal" or if you are get...
by 2stepsbehind
Sat Oct 11, 2014 10:04 am
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 262
Views: 13519

Re: Late start, low income - what to do first?

Does contributing to an IRA for him sound like a crazy plan on my part? Yes, it does. Particularly given you aren't maxing out your 401k I am baffled as to why you think it would be appropriate to contribute to his retirement coffers (put your own mask on before assisting others). I echo the concer...
by 2stepsbehind
Thu Oct 09, 2014 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2636

Re: Large Inheritance - Need Advice

Your question about whole life policies was scary. My suggestion is put money in short term fund for several months. Read at least five of the Boglehead investment philosophy books recommended on this site. (Edit: at least The Boglehead's Guide to Investing). Peruse prior posts on this site at your...
by 2stepsbehind
Thu Oct 09, 2014 7:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Large Inheritance - Need Advice
Replies: 28
Views: 3504

Re: Large Inheritance - Need Advice

I've called up Vanguard for the different options they have. 1. Fund an account with 500K and they will provide complimentary CFP service to create a plan that aligns to my goal. But execution is depended on me. 2. Professionally managed account for about .3% of total asset. 100K will get a FA to h...
by 2stepsbehind
Thu Oct 09, 2014 7:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Large Inheritance - Need Advice
Replies: 28
Views: 3504

Re: Tell me about Paris

You can take the metro, but not the RER to La Defense using a typical carnet of tickets in zone 1-2. To take the RER to La Defense you need a ticket covering zone 3 (or to save money you can take RER A to Charles de Gaule Etoile then switch to metro line 1 all on a zone 1-2 ticket, but the upcharge ...
by 2stepsbehind
Wed Oct 08, 2014 10:24 am
 
Forum: Personal Consumer Issues
Topic: Tell me about Paris
Replies: 65
Views: 3598

Re: Leaving a legacy

I have a question for the OP and like-minded folks. Let's say that you have two kids. One has demonstrated what you consider to be admirable financial discipline, and the other hasn't. The time comes to refresh your will. Do you leave more to one child based on your impressions? If so, don't you wo...
by 2stepsbehind
Sun Oct 05, 2014 2:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Leaving a legacy
Replies: 63
Views: 4073

Re: Am I crazy to try to tackle all 4 issues at once?

Point taken about CC debt. I will change the 401k contribution to 6% (even though no match this year) so that I don't have to worry about it at the start of next year. This is silly. At this point you have already contributed enough to your 401k to get the maximum match. Continuing to throw 6% into...
by 2stepsbehind
Sat Oct 04, 2014 6:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to try to tackle all 4 issues at once?
Replies: 29
Views: 3134

Re: Tell me about Paris

If this is your first time in Paris, enjoy. But curb expectations. It is a grossly over-rated, grungy city in a beaten-down country. The people are nice enough, though, despite the bad rep. You've got to be kidding me. Name five more ideal cities than Paris. OP--how late at night are you traveling?...
by 2stepsbehind
Thu Oct 02, 2014 10:46 am
 
Forum: Personal Consumer Issues
Topic: Tell me about Paris
Replies: 65
Views: 3598

Re: Need advice helping my father (phone scammer)

Chase wouldn't ask for this information, especially not when applying for credit. The instant you apply, they will seek your assent to pull reports from the CRAs. Chase will get all of that information via the credit report, and a whole lot more. This is wrong. Chase often asks me about my other cr...
by 2stepsbehind
Sat Sep 27, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice helping my father (phone scammer)
Replies: 21
Views: 2163

Re: Will and Estate Planning - do i or not need an attorney

You really haven't given us enough information to advise you. what state do you live in? Who are the intended beneficiaries? What is the personal property you wish to bequeath and what does your will say about it? How large is your estate? Is there a possibility (remote or otherwise) that one of you...
by 2stepsbehind
Sat Sep 27, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Will and Estate Planning - do i or not need an attorney
Replies: 26
Views: 2271

Re: Need advice helping my father (phone scammer)

Do you have caller id? Are you sure that caller wasn't from chase?
by 2stepsbehind
Tue Sep 23, 2014 11:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice helping my father (phone scammer)
Replies: 21
Views: 2163

Re: Sale of a home between boyfriend and girlfriend.

Add up the total capital invested and apportion the gains that way. The guy clearly isn't a renter by any legal or moral standard and shouldn't be treated as such. He didn't knowingly and intentionally go in as a renter. He doesn't have a signed lease outlining his responsibilities as well as the l...
by 2stepsbehind
Tue Sep 23, 2014 4:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Sale of a home between boyfriend and girlfriend.
Replies: 79
Views: 5746

Re: Sale of a home between boyfriend and girlfriend.

For those that hypothesize about what would happen if the value of the house dropped, that doesn't appear to be the case in this situation so why would we consider that scenario? Because the same principle should apply--if they would share alike in the loss then it makes sense to share alike in the...
by 2stepsbehind
Mon Sep 22, 2014 5:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Sale of a home between boyfriend and girlfriend.
Replies: 79
Views: 5746

Re: Sale of a home between boyfriend and girlfriend.

The first big argument my boyfriend and I had was when my parents wanted him to pay rent to them for living in a house they had bought and I was living in for free. He only wanted to pay if it was going towards equity which they thought was absurd, but he thought was fair. I just remember he and I ...
by 2stepsbehind
Sun Sep 21, 2014 10:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sale of a home between boyfriend and girlfriend.
Replies: 79
Views: 5746

Re: Sale of a home between boyfriend and girlfriend.

Add up the total capital invested and apportion the gains that way. The guy clearly isn't a renter by any legal or moral standard and shouldn't be treated as such. He didn't knowingly and intentionally go in as a renter. He doesn't have a signed lease outlining his responsibilities as well as the l...
by 2stepsbehind
Sun Sep 21, 2014 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sale of a home between boyfriend and girlfriend.
Replies: 79
Views: 5746

Re: Sale of a home between boyfriend and girlfriend.

The first big argument my boyfriend and I had was when my parents wanted him to pay rent to them for living in a house they had bought and I was living in for free. He only wanted to pay if it was going towards equity which they thought was absurd, but he thought was fair. I just remember he and I ...
by 2stepsbehind
Sun Sep 21, 2014 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sale of a home between boyfriend and girlfriend.
Replies: 79
Views: 5746

Re: Need help protecting assets (marriage)

I am female and in a similar situation in a different community property state, though I understand mine is kinder on asset separation, we both own houses. My plan is fairly simple. I will document exactly how much n what is owned in all accounts. And file quit claims for all real estate property. ...
by 2stepsbehind
Sun Sep 21, 2014 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help protecting assets (marriage)
Replies: 46
Views: 4608

Re: advice on my credit card strategy ?

Wow, with those cards and that amount of spending you have left a TON of money on the table. I echo FNK's question as to whether you really need the privilege of an "unlimited" credit line (keep in mind the amex can still deny purchases on a case-by-case basis according to your spending hi...
by 2stepsbehind
Wed Sep 17, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: advice on my credit card strategy ?
Replies: 6
Views: 929

Re: Young Guy, Probably Not Going To Live A Long Time

Thank-you. Yes, I've made it clear that none of my belongings or possessions are going to my family. What I own will be sold, and added to the money I have saved to be donated. I saw the grief that money fights caused when my grandma died. Not going to happen here. I'll check into those suggestions...
by 2stepsbehind
Mon Sep 15, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Young Guy, Probably Not Going To Live A Long Time
Replies: 30
Views: 4341

Re: Young Guy, Probably Not Going To Live A Long Time

If your intention is to fully leave everything to your family then sure that's fine. Maybe I-bonds or TIPS? But you know what could save a lot of family drama? If there's not that much money to fight about. Take a cruise, see the Eiffel Tower and the Great Wall of China. Spend a week in the Carribe...
by 2stepsbehind
Mon Sep 15, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Young Guy, Probably Not Going To Live A Long Time
Replies: 30
Views: 4341

Re: Hamilton watches, worth the money?

Does anyone else find it a bit amusing the mini lifestyle creep this thread seems to reflect? Oh I bought a really nice suit, so I need a really nice watch to go with it, and can't stop with the watch, I could really use some great cuff links and a pocket square or two. :) If you aren't getting a me...
by 2stepsbehind
Mon Sep 15, 2014 12:24 pm
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 262
Views: 13519

Re: Am I in over my head?

While I agree that the OP should certainly maximize his human capital, there's a bit of a troubling undertone in some of the posts in this thread. Who is a $9 an hour job good for and why is the OP so much better than that?
by 2stepsbehind
Mon Sep 15, 2014 12:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I in over my head?
Replies: 51
Views: 4727

Re: How to split office expenses

You are thinking about this the wrong way. Whoever organizes gets the credit card rewards. Encourage your wife to open a Chase Ink Plus card (70k bonus points if opened in branch, annual fee of $95 not waived). Happy traveling!
by 2stepsbehind
Sun Sep 14, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to split office expenses
Replies: 7
Views: 792

Re: Inherited 403b - lump sum?

Bob's not my name wrote:You're homing in on my intent. Almost there. Hint: if a group of guys all agree to rob a bank, is the robbery legal?


Are they too big to jail?
by 2stepsbehind
Sun Sep 14, 2014 7:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited 403b - lump sum?
Replies: 16
Views: 677
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