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Re: Fidelity Charitable Fund Questions

My wife and I have had a Fidelity DAF for many years. It is wonderful! We chose Fidelity over Vanguard because (at least at that time) Fidelity did not require as large a "contribution" to set it up and allowed smaller "grant" requests. While it is true that there is a (what I co...
by dm200
Wed Jul 30, 2014 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Charitable Fund Questions
Replies: 16
Views: 482

Re: CD interest payments

MickeyD, what you should have gleaned by now, but it's important so I'll say it... the terms and conditions of a CD are what a bank choose to make them. Well, obviously there are state and federal regulations that put limits on what they can do. And every state is different. And financial instituti...
by dm200
Mon Jul 28, 2014 10:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: CD interest payments
Replies: 19
Views: 1388

Re: CD interest payments

dcu, federal, on its website has a page of certificate of deposit rates. This page does not contain the word deposit, although it does contain the word certificate. Certificate Accounts https://www.dcu.org/personal-banking/certificate-choices.html There are some pages that say Regular Certificate o...
by dm200
Mon Jul 28, 2014 6:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: CD interest payments
Replies: 19
Views: 1388

Re: CD interest payments

For almost all credit unions, the prohibition is use of the noun "deposit" to describe accounts at the credit union. "Certificate" is OK, as is use of the verb "deposit" - as in "I will deposit the check in my credit union account tomorrow". The NCUA has respo...
by dm200
Mon Jul 28, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: CD interest payments
Replies: 19
Views: 1388

Re: CD interest payments

Terminology "trivia" (perhaps not all trivia) 1. Banks usually name or call accounts/deposits that require a certain minimum and that have a stated term, almost always with some sort of penalty for early withdrawal - "Certificates of Deposit" or CDs. 2. Most credit unions (all fe...
by dm200
Mon Jul 28, 2014 10:01 am
 
Forum: Investing - Help with Personal Investments
Topic: CD interest payments
Replies: 19
Views: 1388

Re: CD interest payments

Don't feel bad about asking a question. You don't have to know everything, I certainly don't. First, read the wiki: Certificate of deposit See this example at PenFed: Money Market Certificates - PenFed , scroll to the "Details and Disclosures" part. You choose how the interest is paid, wh...
by dm200
Mon Jul 28, 2014 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: CD interest payments
Replies: 19
Views: 1388

Re: Is stated SEC yield before expense ratio?

I'm looking at Limited Term Tax Exempt Admiral (VMLUX). Expense ratio: 0.12% SEC yield: 0.88% For a second I couldn't tell one from the other, both being so small. Which raises the question, does the 0.12% ER come out of the yield, so that the actual amount I will receive is something like 0.88% le...
by dm200
Sat Jul 26, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is stated SEC yield before expense ratio?
Replies: 8
Views: 535

Re: Comparing home loan offers

I agree that the APR (Annual Percentage Rate) is an excellent figure to compare different Home Loans, either from the same lender of different lenders. There is, however, (at least) one factor to consider that may (to some degree) distort an APR comparison, or be misleading. When calculating the APR...
by dm200
Sat Jul 26, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Comparing home loan offers
Replies: 9
Views: 899

Re: Buying a Home - Town permit records don't match disclosu

The town's records rules. Doesn't matter what the seller or contractors say. I would back out unless you can get the permits (if they ever existed) or get the town to waive them. I agree that this could be a big problem down the road for you. Right now, before finalizing the purchase, you have leve...
by dm200
Sat Jul 26, 2014 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3441

Re: Rules of thumb that shouldn't be

YES - The details vary by state, and I think the regs/laws may have changed in the last few years, but I was badly burned (and given incorrect information from an attorney) when I lost a civil judgment (business related contract/obligation) case and a very large amount (about $300,000) was seized f...
by dm200
Sat Jul 26, 2014 12:43 pm
 
Forum: Investing - Theory, News & General
Topic: Rules of thumb that shouldn't be
Replies: 39
Views: 4109

Re: Rules of thumb that shouldn't be

In your opinion, what rules of thumb are too often incorrect to be a good rule of thumb? My pet peeve is: "You should usually roll over an old 401k into an IRA" I dislike this one because it's not true for so many investors and situations: - 401ks can have much lower expense ratios than I...
by dm200
Fri Jul 25, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: Rules of thumb that shouldn't be
Replies: 39
Views: 4109

Providing cars to employees - employer point of view?

I have recently been elected to serve on the Board of an association. This association has, perhaps, about 20-25 employees and about 1/3 are supplied cars by the association. These employees do a lot of travel around the state and region. As the Board reviews/approves budgets, expenses, etc. I would...
by dm200
Fri Jul 25, 2014 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Providing cars to employees - employer point of view?
Replies: 7
Views: 776

Re: Comparing home loan offers

In my opinion (others may differ), I have placed a high value/priority in getting a home loan from a lender that will retain the servicing rights. That means, for example, if I obtained a first mortgage from Navy Federal Credit Union, that I will continue to deal only with Navy Federal in making the...
by dm200
Fri Jul 25, 2014 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Comparing home loan offers
Replies: 9
Views: 899

Re: Comparing home loan offers

In my opinion (others may differ), I have placed a high value/priority in getting a home loan from a lender that will retain the servicing rights. That means, for example, if I obtained a first mortgage from Navy Federal Credit Union, that I will continue to deal only with Navy Federal in making the...
by dm200
Fri Jul 25, 2014 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Comparing home loan offers
Replies: 9
Views: 899

Re: Need Help and totally confused!!

Lots of very good information and advice. When evaluating very safe, federally insured deposits - remember that federally insured credit unions (insured by NCUA) are just as safe for your funds as an FDIC insured bank. The same options for multiplying the $250,000 are also available. Make sure thoug...
by dm200
Thu Jul 24, 2014 10:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Help and totally confused!!
Replies: 28
Views: 1788

Re: Need Guidance [Chapter 7 Bankruptcy]

In a great many cases or financial "situations", impartial and objective advice and assistance can be a key to getting back on track. In some cases, this can be an alternative to filing for bankruptcy. In others, after bankruptcy it can be very helpful in preventing another bankruptcy (and...
by dm200
Thu Jul 24, 2014 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Need Guidance [Chapter 7 Bankruptcy]
Replies: 7
Views: 728

Re: Can I buy insurance against bank failure?

OK, this is a weird question but here's the deal: I have lots of money in CD's and finding good CD deals is hard and I'm very particular about what I'm looking for. It would also simplify my life if I can deal with as few institutions as possible. The problem is that I'm forced to spread my CD hold...
by dm200
Thu Jul 24, 2014 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I buy insurance against bank failure?
Replies: 12
Views: 976

Re: Does a 401k plan cost an employer money?

Yes, offering any of these plans have significant costs to administer, keep in compliance, do reporting, etc. There are several ways of paying for this - pass on to participants, pay costs directly, or a combination.
by dm200
Thu Jul 24, 2014 10:13 am
 
Forum: Investing - Theory, News & General
Topic: Does a 401k plan cost an employer money?
Replies: 32
Views: 1746

Re: Options/guidance for a lazy person to be fit

7. Get cholestrol tested. If that doesn't wake you up, nothing will. My "wake up" was fasting blood sugar at 119, and Dr said, "Hmmm. 119 - pre-diabetes?" Scared the hell out of me - even though it went down to 100 in a few weeks - That got me started in weight loss, eating heal...
by dm200
Tue Jul 22, 2014 9:29 pm
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 5509

Re: Options/guidance for a lazy person to be fit

You'll have to change both diet and excercise habits - it's good that you understand how you're going downhill faster and faster. Read this book: Younger Next Year: Live Strong, Fit, and Sexy - Until You're 80 and Beyond by Chris Crowley and Henry S. Lodge We've bought copies for about 15 people we...
by dm200
Sun Jul 20, 2014 12:14 am
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 5509

Re: Tenant request lease agreement is named in LLC?

Thanks for all of your input! Your feedback has been very helpful. As way of additional information, this is for a residential apartment. My potential tenant came to me from a credible source but is not someone I know personally. However, based on background research, this person is someone with si...
by dm200
Sat Jul 19, 2014 11:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tenant request lease agreement is named in LLC?
Replies: 17
Views: 2263

Re: Purchasing Food at Work

A few years ago, I almost always went out to lunch (regular day job), usually to a lunch buffet. It was certainly more costly than bringing something - but for my "mental health" at that job, I really needed to get away from the office during the middle of the day.
by dm200
Sat Jul 19, 2014 11:05 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing Food at Work
Replies: 41
Views: 3971

Re: Tenant request lease agreement is named in LLC?

Anyone have experience in an apt rental lease agreement where the Lessee/tenant is an LLC rather than the the name of the actual tenant? Any disadvantages or things to consider as the landlord? Thanks in advance! In my opinion, it is fine to name the LLC in the lease. BUT - have the principals of t...
by dm200
Fri Jul 18, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tenant request lease agreement is named in LLC?
Replies: 17
Views: 2263

Re: Does this loan repayment schedule make sense?

I do not know the particular rules for student loans, but a very important factor (in my opinion) going into the decision to pay more than the required payment on any loan is whether paying more now will or might reduce the regular, required future payments. Some lenders and some kinds of loans are ...
by dm200
Fri Jul 18, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does this loan repayment schedule make sense?
Replies: 9
Views: 457

Re: Hospital bill negotiation

This is a great topic that I will file away for future use. We (DW and I ) have had one experience in dealing with disagreeing with our doctor's bill. I reviewed the bill (minor female type surgery) and right away I disagreed with some of the charges. (Please don't ask what the disagreement was.......
by dm200
Fri Jul 18, 2014 1:26 pm
 
Forum: Personal Consumer Issues
Topic: Hospital bill negotiation
Replies: 49
Views: 4220

Re: Hospital bill negotiation

This is a great topic that I will file away for future use. We (DW and I ) have had one experience in dealing with disagreeing with our doctor's bill. I reviewed the bill (minor female type surgery) and right away I disagreed with some of the charges. (Please don't ask what the disagreement was.......
by dm200
Fri Jul 18, 2014 1:26 pm
 
Forum: Personal Consumer Issues
Topic: Hospital bill negotiation
Replies: 49
Views: 4220

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

Hi all... Am thinking of giving some money to friend to pay auto loan before bankruptcy! Is it good idea? Pls help fellas! You have a good heart. But learn from the cosign mistake first, then do not make the cash loan mistake afterwards. Unless you're OK with not seeing that money again - you're he...
by dm200
Fri Jul 18, 2014 1:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7501

Re: Dad had a whole life policy but it sounds like term life

Gambler wrote:my dad passed away (age 73).

apparently he was still paying $200/month for a whole life policy (Met Life) thru his company.
the policy is worth $60k upon his death.

but if its a constant $60k, isn't that term life?


No.
by dm200
Thu Jul 17, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dad had a whole life policy but it sounds like term life?!
Replies: 25
Views: 1666

Re: Purchasing Food at Work

Many years ago, I worked nights (10:00pm - 6:30) a number of months (almost a year) and I never did get the meals/eating balance and right. For a while, I ate 4 meals a day (and gained some weight). I would eat a big "breakfast" in the morning when I got off, often "lunch" midday...
by dm200
Thu Jul 17, 2014 10:52 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing Food at Work
Replies: 41
Views: 3971

Re: Ways to help daughter financially? (property, tax, and e

Greetings from a long time lurker! I'm comfortably retired in California and have a hardworking adult daughter living nearby that's struggling with the high cost of living in the area. I already gift her the maximum exclusion amount annually ($14k). I have a rental house in the area generating a fa...
by dm200
Wed Jul 16, 2014 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ways to help daughter financially? (property, tax, and estat
Replies: 9
Views: 1194

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

bottlecap wrote:I didn't notice the "we.". YOU should consult your own attorney. If your friend files bankruptcy, he will get his own, who won"t give two cents about your situation.

JT


absolutely true...
by dm200
Wed Jul 16, 2014 6:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7501

Re: Hospital bill negotiation

Conversations with the state, then regional insurance office went nowhere, so I ended up dealing with an RN in Washington, DC. She understood the situation immediately and got everything straightened out, so I didn't have to pay a $2400+ invoice. In my experience over the years, dealing with a heal...
by dm200
Wed Jul 16, 2014 2:23 pm
 
Forum: Personal Consumer Issues
Topic: Hospital bill negotiation
Replies: 49
Views: 4220

Re: Hospital bill negotiation

Goblue97 wrote:Friends,
Any ideas on how to negotiate a hospital bill?
Thanks!


More details needed. Insured or not insured. Size of the bill. Reason(s) or justification for negotiating. Past due or not? and so on.
by dm200
Mon Jul 14, 2014 11:03 pm
 
Forum: Personal Consumer Issues
Topic: Hospital bill negotiation
Replies: 49
Views: 4220

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

I am not an attorney, but I do deal with bankruptcy and loans regularly (both auto and personal). Do NOT rush into doing anything, such as paying the loan off, buying the car, etc. Much depends on applicable state law, as well as the details/particulars of your situation. I believe there are two sig...
by dm200
Mon Jul 14, 2014 11:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7501

Re: Help me understand 401k fund expenses

These high fees on the 401k plan are where the money comes from to pay the expenses of your employer offering the plan (and then some, perhaps). Your employer has chosen (or been "sold") a plan that minimizes the cost and work to the employer of offering the 401k.
by dm200
Mon Jul 14, 2014 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me understand 401k fund expenses
Replies: 8
Views: 524

Re: Brokered CD's vs Bonds

I have never purchased or sold individual bonds. While brokered CDs are much like bonds, there are some differences (as best I understand). At least with Vanguard Brokerage Services, if you sell a bond, depending on factors including the amount you are selling, you probably will not get anything cl...
by dm200
Mon Jul 14, 2014 1:40 pm
 
Forum: Investing - Theory, News & General
Topic: Brokered CD's vs Bonds
Replies: 24
Views: 2668

Re: Brokered CD's vs Bonds

I have never purchased or sold individual bonds. While brokered CDs are much like bonds, there are some differences (as best I understand). At least with Vanguard Brokerage Services, if you sell a bond, depending on factors including the amount you are selling, you probably will not get anything clo...
by dm200
Sun Jul 13, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: Brokered CD's vs Bonds
Replies: 24
Views: 2668

Re: NASA FCU 49 month CD special

I've never gotten an inactivity warning from any financial institution, but I've also never been charged a fee for an account going dormant either. Inactivity warning dates for the small "$5" membership accounts I have at credit unions are another thing I have in my Excel knows all spread...
by dm200
Sun Jul 13, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: NASA FCU 49 month CD special
Replies: 17
Views: 2797

Re: Choosing brokered CD's- what should I look at?

As a consequence of inheriting some of my late wife's IRA's I find myself with a couple hundred thousand dollars in my Fidelity IRA brokerage account - in cash, specifically their money market fund, which essentially pays no interest. This money has a short time horizon - I expect to retire next ye...
by dm200
Fri Jul 11, 2014 12:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Choosing brokered CD's- what should I look at?
Replies: 17
Views: 1666

Re: "high rate" CDs

The investments I manage for an organization have a significant portion in Vanguard Brokered CDs. Over the last few years, we have had Brokered CDs in several banks that failed. In fact, on one day, April 30, 2010, three banks in Puerto Rico failed and we had over $500,000 in their brokered CDs. Fo...
by dm200
Fri Jul 11, 2014 12:46 am
 
Forum: Investing - Theory, News & General
Topic: "high rate" CDs
Replies: 24
Views: 2909

Re: Dividend And Interest Distributions

So I found out that the stock and bond funds within my 401(k) plan do pay out distributions (dividends and interest) and reinvest them back into the funds. Yet instead of buying more shares, they are instead factored into the NAV (share price) for all funds. Is it me or is this pointless, almost an...
by dm200
Fri Jul 11, 2014 12:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Dividend And Interest Distributions
Replies: 15
Views: 1298

Re: Why do companies put up with high expense 401k choices?

I've seen a lot of posts where people have very limited 401k choices that are mostly funds with expense ratios that are quite high. In many cases these funds are the target date "fund of funds" types where each fund is just some variation in weighting of the same 6 (or whatever) mutual fu...
by dm200
Thu Jul 10, 2014 12:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Why do companies put up with high expense 401k choices?
Replies: 15
Views: 1501

Re: Offer on home accepted- Sellers want to rent for sometim

I jut bought a townhome and offer was accepted. Sellers are willing to repair for inspection recommendations. Sellers want to rent it for 60 days after that and pay HOA and mortgage. My lender says it has to be less than 59 days , and they seem okay but revision is awaited. My question is for the r...
by dm200
Tue Jul 08, 2014 10:18 pm
 
Forum: Personal Consumer Issues
Topic: Offer on home accepted- Sellers want to rent for sometime
Replies: 19
Views: 1678

Re: Affordable health insurance

If I am understanding your situation correctly, reaching Medicare eligibility age will not solve a major part of your health insurance needs - there are still 3 other family members who will need coverage.
by dm200
Tue Jul 08, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affordable health insurance
Replies: 33
Views: 2950

Re: "high rate" CDs

I was trying to make the distinction between a CD at a failed bank that was taken over, the CD being assumed by the new bank, and a brokered CD that gets paid off. Maybe I misunderstood what the FDIC had to say, but I don't think so. Here is your example, IndyMac: On July 11, 2008, all non-brokered...
by dm200
Tue Jul 08, 2014 4:53 pm
 
Forum: Investing - Theory, News & General
Topic: "high rate" CDs
Replies: 24
Views: 2909

Re: "high rate" CDs

I had brokerage CDs at Vanguard a few years ago in 2-3 insured banks that bellied up. The money appeared in my Vanguard account. The CDs were not taken over by the banks that took over the failed ones. Brokered CDs follow different rules. If you buy a CD directly from a bank and it fails, you will ...
by dm200
Tue Jul 08, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: "high rate" CDs
Replies: 24
Views: 2909

Re: "high rate" CDs

How is it that a few parties are offering, for example 2.25-2.3% for 5 year CDs, when most of the rest of US banks are at less than half that? What's the catch? It just seems there must be some indirect risk hidden in there somewhere? Also, many of these places (mostly banks apparently) offering th...
by dm200
Tue Jul 08, 2014 12:33 pm
 
Forum: Investing - Theory, News & General
Topic: "high rate" CDs
Replies: 24
Views: 2909

Re: Sallie Mae incorrectly calculating interest?

Hello rar245 and all, Funny thing, I've been struggling with SLM to explain this exact same issue since, as I make weekly payments, I discovered it almost a year ago (it's a long sordid tale that I'll spare you all from). I finally got on the phone with someone from their account research departmen...
by dm200
Tue Jul 08, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sallie Mae incorrectly calculating interest?
Replies: 85
Views: 4098
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