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Re: Sam's Club Mastercard Deal

prudent wrote:The credit pulls database at creditboards.com indicates they pull Transunion.


This is helpful. Thank you.
by Leesbro63
Fri Aug 01, 2014 10:16 am
 
Forum: Personal Consumer Issues
Topic: Sam's Club Mastercard Deal
Replies: 5
Views: 208

Re: Sam's Club Mastercard Deal

I think you have to "upgrade" your membership to get the rebates (which in addition to 5% on gas, 3% on certain items and 1% on everything else except Sam's competitors) I'm going there today so I'll ask the question if the lines are short. Hopefully I'm wrong. I would still do this (upgr...
by Leesbro63
Fri Aug 01, 2014 10:16 am
 
Forum: Personal Consumer Issues
Topic: Sam's Club Mastercard Deal
Replies: 5
Views: 208

Re: Est. medical costs early retirement.

$30,000 a year for two seems extremely high. Unless I'm mistaken I think the OP meant $30k a year for their entire yearly living expenses, not just health insurance. I think you ARE mistaken. He mentioned $30K for "all out of pocket costs". That term generally applies to health care. I do...
by Leesbro63
Fri Aug 01, 2014 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Est. medical costs early retirement.
Replies: 15
Views: 1094

Sam's Club Mastercard Deal

OK, so I see that Sam's Club (I am a "regular" member) is offering a no-annual-fee Mastercard with 5% off gasoline. Anyone have this and how is it working for you? Also, my credit is frozen...it would be useful if someone knew which of the 3 credit reporting agencies they use so I can just...
by Leesbro63
Fri Aug 01, 2014 9:23 am
 
Forum: Personal Consumer Issues
Topic: Sam's Club Mastercard Deal
Replies: 5
Views: 208

Re: Kroger for Gasoline

My regional supermarket (which also operates their own gas stations usually not located right at the market) gives me 10 cents for every $50 I spend on groceries. My local bank debit card gives me 3 cents more when I use it. I rarely pay even half the normal price for gas. I've gotten full tanks fo...
by Leesbro63
Fri Aug 01, 2014 9:05 am
 
Forum: Personal Consumer Issues
Topic: Kroger for Gasoline
Replies: 21
Views: 1349

Re: CFA June 2014 results

My daughter passed Level 2 yesterday. We all sweated the wait.
by Leesbro63
Thu Jul 31, 2014 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: CFA June 2014 results
Replies: 16
Views: 1298

Re: Which is King: Income Stream or $ Invested

My/wife's parents/grandparents had great retirements until the end of their respective lives without saving a dime, since they had good pensions along with SS. They also got to spend what they made (minus taxes), when they earned it while they were still working. - Ron This is basically saying what...
by Leesbro63
Thu Jul 31, 2014 8:15 pm
 
Forum: Investing - Theory, News & General
Topic: Which is King: Income Stream or $ Invested
Replies: 51
Views: 3948

Re: How many families use 529 plans?

Just a note: if your kids are close to going to college and you have a 529 plan, you might want to consider paying the first $4,000 outside the 529 plan in order to qualify for the American Opportunity Credit (if you qualify). If your kids are young, then don't worry about this as I am sure there i...
by Leesbro63
Thu Jul 31, 2014 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 51
Views: 2473

Re: How many families use 529 plans?

The Pennsylvania Guaranteed Savings Plan has been the best investment I've ever made, as it's grown with the cost of college while stocks and bonds have zigged and zagged and lagged at different times. That being said, oddly it's not at all guaranteed by the Commonweatlh of PA, and in 2009 there was...
by Leesbro63
Thu Jul 31, 2014 7:27 am
 
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 51
Views: 2473

Re: Which is King: Income Stream or $ Invested

Related to this: Many have noted that, around here (Pennsylvania), retired public school teachers, especially where both spouses are retired public school teachers, are the "new millionaires". (I am NOT bashing teachers, just commenting on what others have noted). They can generally retire...
by Leesbro63
Thu Jul 31, 2014 7:22 am
 
Forum: Investing - Theory, News & General
Topic: Which is King: Income Stream or $ Invested
Replies: 51
Views: 3948

Re: Stocks: losing money for 20-30 years not uncommon

Does the data include dividends? Seems to me that every time I've read about long periods of negative stock returns, dividends have been excluded and the situation looks much better once they are considered.
by Leesbro63
Thu Jul 31, 2014 7:03 am
 
Forum: Investing - Theory, News & General
Topic: Stocks: losing money for 20-30 years not uncommon
Replies: 43
Views: 4044

Re: I don't think I can afford to die in Pennsylvania

My brothers and I took my moms estate through probate in pa, although it has been over a decade and the memory is not 100%. If I remember correctly, you get a stepped up basis on any property you inherit. So while you pay the inheritance tax, your basis is raised to current market value, which is g...
by Leesbro63
Wed Jul 30, 2014 10:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: I don't think I can afford to die in Pennsylvania
Replies: 35
Views: 3122

Re: I don't think I can afford to die in Pennsylvania

I also live in PA. Many move to Florida (and probably other places) when they get old for a number of reasons, and avoiding the PA inheritance tax is often number 1 or 2, depending on how much they hate winter. I'm 54 and that's my plan, someday I think. Not to diminish your nice nest egg, but I don...
by Leesbro63
Wed Jul 30, 2014 9:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: I don't think I can afford to die in Pennsylvania
Replies: 35
Views: 3122

Re: Computer Problem

Update: I spent $100 with a "geek" who did his darndest but actually made it all worse. That being said, I bought a new WIN 8.1 computer and it's great. You can (and so far I have) ignore the WIN 8 tiles stuff and just use it like I did WIN7. Anyway, so far, so good. There seems to be an e...
by Leesbro63
Wed Jul 30, 2014 6:33 pm
 
Forum: Personal Consumer Issues
Topic: Computer Problem
Replies: 16
Views: 1714

Re: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000

What's the point of this? Is it actionable?
by Leesbro63
Thu Jul 24, 2014 10:45 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000?
Replies: 33
Views: 3112

Computer Problem

Help! My 4 year old Dell computer has developed it's first problem. Every 15 minutes or so, the screen locks up for about 5 seconds. Then goes black for another 5 seconds. Then everything recovers and I get this error message: "Display driver has stopped responding and has recovered"
by Leesbro63
Mon Jul 21, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Computer Problem
Replies: 16
Views: 1714

Re: Divesting Stock with Sentimental Value

Not to be cruel or insensitive but your grandfather is gone and the stock doesn't love you or your father. Ask yourself if you didn't have this emotional attachment but did have the cash, would you invest it in this stock? The only reason I can think of that's rational to keep the stock is if there ...
by Leesbro63
Sun Jul 20, 2014 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Divesting Stock with Sentimental Value
Replies: 39
Views: 1894

Re: Divesting Stock with Sentimental Value

My father in law died in 1991 with a big block (not Rockefeller big, but big compared to his overall assets) of Integra Bank stock. His instructions were to never sell the bank stock...paid a good dividend etc. My mother in law lived 8 more years during which time the stock became National City Bank...
by Leesbro63
Sat Jul 19, 2014 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Divesting Stock with Sentimental Value
Replies: 39
Views: 1894

Re: Multi-year payment is 529 qualified withdrawal?

For clarification: Educational institutions issue Forms 1098-T and 529 Plans issue forms 1099-Q. Livesoft (thank you!) pointed out that I had incorrectly used wrong numbers/letters in my posts here. I went back and tried to correct that and THINK I got it all fixed. Anyway, the "game" (to...
by Leesbro63
Sat Jul 19, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi-year payment is 529 qualified withdrawal?
Replies: 14
Views: 768

When to Buy Air Tik to Florida

I need to be in Florida (from Pittsburgh) on December 28, 2014. Because it's Christmas week, I am finding air fares unusually expensive. I suppose I'll have to bite the bullet, but because I must be there. Should I wait to buy or lock in now? We plan to stay 3-4 days and can arrange those to be befo...
by Leesbro63
Sat Jul 19, 2014 12:05 pm
 
Forum: Personal Consumer Issues
Topic: When to Buy Air Tik to Florida
Replies: 9
Views: 1088

Re: Multi-year payment is 529 qualified withdrawal?

For clarification: Educational institutions issue Forms 1098-T and 529 Plans issue forms 1099-Q. Livesoft (thank you!) pointed out that I had incorrectly used wrong numbers/letters in my posts here. I went back and tried to correct that and THINK I got it all fixed. Anyway, the "game" (to ...
by Leesbro63
Sat Jul 19, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi-year payment is 529 qualified withdrawal?
Replies: 14
Views: 768

Re: Multi-year payment is 529 qualified withdrawal?

There are no taxes/penalties. The school puts the prepayment into an hypothetical "account" and draws the needed portion down each semester, as the student progresses. The 1098-T forms are issued each year reflecting the amount applied to tuition each year. I deposit $200,000 now, to prep...
by Leesbro63
Sat Jul 19, 2014 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Multi-year payment is 529 qualified withdrawal?
Replies: 14
Views: 768

Re: Multi-year payment is 529 qualified withdrawal?

There are no taxes/penalties. The school puts the prepayment into an hypothetical "account" and draws the needed portion down each semester, as the student progresses. The 1098-T forms are issued each year reflecting the amount applied to tuition each year. I deposit $200,000 now, to prep...
by Leesbro63
Sat Jul 19, 2014 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Multi-year payment is 529 qualified withdrawal?
Replies: 14
Views: 768

Re: Multi-year payment is 529 qualified withdrawal?

And for what it's worth, I learned from my older daughter's college years not to pay the second semester of each academic year until New Years Day. And don't withdraw from the 529 until then either. Because even though the tax man theoretically allows you to pay/withdraw in December for the upcoming...
by Leesbro63
Sat Jul 19, 2014 9:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Multi-year payment is 529 qualified withdrawal?
Replies: 14
Views: 768

Re: Multi-year payment is 529 qualified withdrawal?

I'm doing exactly the same thing for my kid who also has a PA 529 (Guaranteed Savings Plan) plan account. But in order for it to work, you must do the prepay with other money, then draw down the 529 money each semester to pay yourself back. If you don't have that big amount of cash upfront, then yo...
by Leesbro63
Sat Jul 19, 2014 8:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Multi-year payment is 529 qualified withdrawal?
Replies: 14
Views: 768

Re: Multi-year payment is 529 qualified withdrawal?

I'm doing exactly the same thing for my kid who also has a PA 529 (Guaranteed Savings Plan) plan account. But in order for it to work, you must do the prepay with other money, then draw down the 529 money each semester to pay yourself back. If you don't have that big amount of cash upfront, then you...
by Leesbro63
Fri Jul 18, 2014 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi-year payment is 529 qualified withdrawal?
Replies: 14
Views: 768

Re: Tobins Q as market valuation metric

If you are starting today with something like an inheritance and do not expect to add new funds over time this would be more of a concern. I don't think this is quite right. I think "more of a concern" can apply to anyone with a large stash, regardless do where and when it came from. The ...
by Leesbro63
Fri Jul 18, 2014 6:15 am
 
Forum: Investing - Theory, News & General
Topic: Tobins Q as market valuation metric
Replies: 42
Views: 2116

Re: Looking to buy a quality scanner

You guys are convincing me to buy a Scansnap. What about stuff that HAS to be scanned on a flatbed (like maybe old photos)? Is there a way to do that with this machine?
by Leesbro63
Wed Jul 16, 2014 12:24 pm
 
Forum: Personal Consumer Issues
Topic: Looking to buy a quality scanner
Replies: 48
Views: 2879

Weird Insurance Choice

We have a few small life insurance policies in our extended family, all purchased as "Commercial Union Life Insurance Company" policies back in the late 1980s/early 1990s. CU LIFE eventually became "Aviva Life Insurance" and recently they became "Athene Life Insurance Compan...
by Leesbro63
Mon Jul 14, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Weird Insurance Choice
Replies: 0
Views: 452

Re: Windows 7 free support will be ending in 2015

My guess is that this is a stunt to goose sales of Win8. And that they'll move the drop-dead date for Win7 support out at least once.
by Leesbro63
Tue Jul 08, 2014 3:24 pm
 
Forum: Personal Consumer Issues
Topic: Windows 7 free support will be ending in 2015
Replies: 27
Views: 2271

Re: Facing possibilities [Self-funded Long-Term Care]

How did $500,000 become "your number"?I You've hit on the more fundamental problem. We just don't have the means to set aside money for more extreme contingencies. So far, our relatives have been diagnosed late in life and required less than a year of long-term care, so my fingers are cro...
by Leesbro63
Tue Jul 08, 2014 3:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Facing possibilities [Self-funded Long-Term Care]
Replies: 13
Views: 939

Re: 4% Withdrawals Through 2000 and 2008 Bear Markets

Using the balanced index fund, you are now at a 5% SWR with only 15 years into your retirement. I guess that's right...there are only 15 years left in a 30 year SWR and I would guess that a 5% SWR would usually work over 15 years.
by Leesbro63
Mon Jul 07, 2014 7:31 pm
 
Forum: Investing - Theory, News & General
Topic: 4% Withdrawals Through 2000 and 2008 Bear Markets
Replies: 26
Views: 3341

Re: Facing possibilities [Self-funded Long-Term Care]

How did $500,000 become "your number"?I have an aunt, age 102, who has been in various forms of assisted living/nursing for 15 years. The only way what you want to do could work is if you eventually transfer to your child or to an appropriate trust all of your assets except for enough to p...
by Leesbro63
Mon Jul 07, 2014 7:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Facing possibilities [Self-funded Long-Term Care]
Replies: 13
Views: 939

Re: 4% Withdrawals Through 2000 and 2008 Bear Markets

There is only one magic bullet for retirement withdrawls. Build a LMP for you base expenses, and be flexible with your withdrawals from your non-LMP. And in many people's opinion, that magic bullet you speak of is just too darn expensive. Even if your LMP base expenses beyond SS are just 30K, you'r...
by Leesbro63
Mon Jul 07, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: 4% Withdrawals Through 2000 and 2008 Bear Markets
Replies: 26
Views: 3341

Re: 4% Withdrawals Through 2000 and 2008 Bear Markets

I am fine with 1970's style inflation when I have a TIPS ladder for LMP. Or am I missing something? Provided in tax efficient/exempt. Taxes can correlate with the inflation rate. 15% inflation, 15% nominal, 33% tax = -5% real. In the UK the inflation uplift element of index linked gilts (similar to...
by Leesbro63
Mon Jul 07, 2014 12:29 pm
 
Forum: Investing - Theory, News & General
Topic: 4% Withdrawals Through 2000 and 2008 Bear Markets
Replies: 26
Views: 3341

Re: Homeowner responsibility for water service line

This is a way to detect water leaks. Turn all the water off in the house then look at the water meter. If the dial is moving, there is water going through the meter. If everything is off in the house, there is a leak somewhere. Nope. All that does is tell you that there IS a leak. The commenter alr...
by Leesbro63
Mon Jul 07, 2014 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Homeowner responsibility for water service line
Replies: 45
Views: 2059

Re: 4% Withdrawals Through 2000 and 2008 Bear Markets

Longtimelurker wrote:There is only one magic bullet for retirement withdrawls. Build a LMP for you base expenses, and be flexible with your withdrawals from your non-LMP.


Just safer. Not bulletproof (think 1970s stye inflation where fixed income could not keep up).
by Leesbro63
Mon Jul 07, 2014 8:42 am
 
Forum: Investing - Theory, News & General
Topic: 4% Withdrawals Through 2000 and 2008 Bear Markets
Replies: 26
Views: 3341

Re: Homeowner responsibility for water service line

In regard to Bertilak's last comment: leak detection equipment has become very cheap recently. More and more plumbers will probably have this equipment as a standard tool. But this stuff was not always cheap, so it makes sense that they had to call in an expert.
by Leesbro63
Mon Jul 07, 2014 6:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Homeowner responsibility for water service line
Replies: 45
Views: 2059

Re: SIPC protection of the equity in financial accounts

I generally trust the system. But after Madoff, the head of the Nasdaq and respected Wall Street firm head, I don't know what to believe for sure.
by Leesbro63
Sun Jul 06, 2014 10:57 pm
 
Forum: Investing - Theory, News & General
Topic: SIPC protection of the equity in financial accounts
Replies: 19
Views: 1209

Re: Vanguards Devil's Advocate

Being a Boglehead is like dieting an exercising. If you do it, you maximize your chance of the best possible health (but there is still no guarantee). But it's hard work, often boring, and sometimes outright stressful. So the fad diets and perhaps certain drugs and surgeries look appealing...a short...
by Leesbro63
Sun Jul 06, 2014 9:10 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguards Devil's Advocate
Replies: 55
Views: 7264

Re: Homeowner responsibility for water service line

Two separate issues: 1. Yes, it's common to own your water line to the main. And yes, especially here in the freeze/thaw rust belt, it's somewhat common for lines to break. 2. Should you get the insurance offered? I can't answer that but if it were me, I'd first find out what my homeowner's insuranc...
by Leesbro63
Sun Jul 06, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Homeowner responsibility for water service line
Replies: 45
Views: 2059

Re: The Millionaire Next Door: Are You One?

The problem of boredom also factors in. People spend to get out of boredom. It gives temporary pleasure often at the expense of long term happiness.
by Leesbro63
Sat Jul 05, 2014 10:55 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22443

Re: The Millionaire Next Door: Are You One?

This reminds me of the movie "Nebraska". Where the small town dwellers get all excited when it gets reported that one of their own won a $1,000,000 sweepstakes.
by Leesbro63
Sat Jul 05, 2014 5:03 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22443

Re: SIPC protection of the equity in financial accounts

Total aggregate excess of SIPC coverage available through Fidelity's excess of SIPC policy is $1 billion. What does this mean - $1 billion of the $1,700 (or so) billion held by Fidelity? Back in 2008, I looked into this (not about Fidelity, but about another brokerage making claims of big surplus-S...
by Leesbro63
Sat Jul 05, 2014 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: SIPC protection of the equity in financial accounts
Replies: 19
Views: 1209

Re: SIPC protection of the equity in financial accounts

Total aggregate excess of SIPC coverage available through Fidelity's excess of SIPC policy is $1 billion. What does this mean - $1 billion of the $1,700 (or so) billion held by Fidelity? Back in 2008, I looked into this (not about Fidelity, but about another brokerage making claims of big surplus-S...
by Leesbro63
Sat Jul 05, 2014 1:54 pm
 
Forum: Investing - Theory, News & General
Topic: SIPC protection of the equity in financial accounts
Replies: 19
Views: 1209

Re: "Used" car with 32 miles on it?

I recently helped my daughter buy a car. We ended up getting a cheaper price on a new current year model car than a very similar 1 year old car with about 15K miles on it. It makes no sense but that's how it worked out this time around. That's been my experience. That late model used car shopping i...
by Leesbro63
Sat Jul 05, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: "Used" car with 32 miles on it?
Replies: 39
Views: 3712

Re: The Millionaire Next Door: Are You One?

To be the counterpoint, once you've won the game and you have a plethora of money, if you don't spend it your wasting it. You only have one life to live and you should spend your money accordingly on the things that you will enjoy possibly like traveling, a New house etc etc And herein lies the &qu...
by Leesbro63
Sat Jul 05, 2014 1:43 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22443

Re: FICO Scores: Which one do you get?

For what it's worth, I've been getting the free FICO SCORE monthly on my DISCOVER CARD statement. And I compared it to the number I got thru Equifax as well as thru Experian on two different occasions. It was almost exact. So getting a free Discover card might be a good way to keep tabs on your cred...
by Leesbro63
Fri Jul 04, 2014 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: FICO Scores: Which one do you get?
Replies: 20
Views: 1710

Re: Are You Re-Balancing?

No. With the higher cap gains tax rate and the huge gains due to tax loss swapping in 2009, I've concluded that the cost to reduce risk of being overweight equities is too high. I did do rebalances through last year as I had those 2009 losses to offset gains. They're all used up now. I am sure, howe...
by Leesbro63
Thu Jul 03, 2014 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Are You Re-Balancing?
Replies: 70
Views: 4977

Re: "Used" car with 32 miles on it?

If the dealer doesn't offer a good deal just walk away. No sense paying new car price when you can get an actual new car for the same price. My guess is that the dealer will offer a deal that would be the same deal for a new car, but under the false pretense that this is less than for a new car. I'...
by Leesbro63
Thu Jul 03, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: "Used" car with 32 miles on it?
Replies: 39
Views: 3712
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