Search found 6793 matches

Return to advanced search

Re: Just Got 2.45% CD at CIT

Advertised rate for jumbo, 5-year CD is 2.35% but they're willing to go to 2.45% (mostly unadvertised) for anyone opening their first CD with them. Old stalwarts Ally and Pentagon Federal are languishing at 2% and 1.76%, respectively. Barclays also rather high at 2.25%. Main downside with CIT is th...
by dm200
Sat Nov 22, 2014 4:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just Got 2.45% CD at CIT
Replies: 5
Views: 970

Re: Mortgage reamortization after lump sum payment?

Among other reasons, because many (if not most) mortgages are sold, the servicing institution probably cannot reamortize the loan. You can always ask, though. I suspect that if it can be done, somehow, there would be fees involved. This is one reason you need to be careful in paying extra principal ...
by dm200
Sat Nov 22, 2014 4:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage reamortization after lump sum payment?
Replies: 10
Views: 648

Re: I Borrowed Against my 401K

Seeing as your plan allows extra payments I would pat the $600 towards the 401k loan each month. This reduces your risk each month and dollar cost back into the market. I do understand how this would reduce my risk (that being having to potentially pony up the cash very quickly in the even of job l...
by dm200
Sat Nov 22, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: I Borrowed Against my 401K
Replies: 18
Views: 1578

Re: I Borrowed Against my 401K

Assuming you can pay more/early on the 401k loan, from one point of view - there is no difference on the net value of the 401k over time (assuming the allocation is the same). The key (often misunderstood, IMO) is that a 401k "loan" results in the liquidation of that amount of investments ...
by dm200
Fri Nov 21, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: I Borrowed Against my 401K
Replies: 18
Views: 1578

Re: How much is saved by taking mass transit to work?

Accounting for the cost of public transit commute is very easy. But don't forget the tax benefit, as there is $115 / month transportation commute benefit. Thus, it will be cheaper than the sticker cost.


Could you elaborate this "tax benefit"?
by dm200
Fri Nov 21, 2014 7:46 pm
 
Forum: Personal Consumer Issues
Topic: How much is saved by taking mass transit to work?
Replies: 51
Views: 3293

Re: Does investing in a 401k actually save any money?

To address only one aspect (and assumption) about the long term benefit of 401k (or any other similar) tax deferred savings/investment - The tax free (actually deferred) compounding of a 401k (or other similar) tax deferred savings/investment can actually be beneficial even if the marginal tax rate ...
by dm200
Fri Nov 21, 2014 4:17 pm
 
Forum: Investing - Theory, News & General
Topic: Does investing in a 401k actually save any money?
Replies: 44
Views: 3169

Re: Donating for a specific family

My wife and I donated funds to a church for a specific family in need in our town. Because we specified who the funds were to go to, the church treasurer said he would not give us a letter stating our donation was tax deductible. Perfect. Is there a way we can donate to specific families in need an...
by dm200
Fri Nov 21, 2014 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 13
Views: 1005

Re: Donating for a specific family

It seems to me that this is sometimes a "gray" area, as well as differences in the way churches (or other 'charitable' institutions) actually do things and/or interpret the rules. My understanding is that (taken narrowly and literally) if you donate to a church, say, $100 and ask/request/d...
by dm200
Fri Nov 21, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 13
Views: 1005

Re: smartphone over wifi - still possible?

I just went from a "dumb" cell phone (using mostly voice and a small number of texts) to an iPhone 6 Plus. [Actually I still have the "dumb" cell phone with my personal cell number, but added the iPhone 6 Plus to the equipment/services for an organization I manage - part time] I ...
by dm200
Fri Nov 21, 2014 1:13 pm
 
Forum: Personal Consumer Issues
Topic: smartphone over wifi - still possible?
Replies: 29
Views: 1914

Re: Fidelity Charitable Fund Questions

I recently opened a Fidelity DAF using appreciated stocks. As livesoft pointed out, this is not a place to park funds for the long term because there are costs involved. The Fidelity Charitable information packet is very readable. Do be sure to get a copy. I just saw this mentioned in Money Magazin...
by dm200
Thu Nov 20, 2014 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Charitable Fund Questions
Replies: 34
Views: 2126

Re: How much is saved by taking mass transit to work?

I entirely agree. Suburbs are also not car friendly. In that, in a Toronto or London suburb, it can take you an hour to go 10 miles. Cars are great until everyone else has one. A couple years ago, I did an experiment. I wanted to use public transportation to get from the Washington Dulles airport (...
by dm200
Thu Nov 20, 2014 4:06 pm
 
Forum: Personal Consumer Issues
Topic: How much is saved by taking mass transit to work?
Replies: 51
Views: 3293

Re: lock-up for 20 years [20 year CD]

Would any one put away (lock-up) a 1/4 million in a 20yr cd with 4.01% yield? Would you care to explain why please. I believe the answer for any individual is dependent on many factors. In my opinion, probably the biggest factor is the need (or desire) for that sum (with zero or close to zero for m...
by dm200
Wed Nov 19, 2014 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: lock-up for 20 years [20 year CD]
Replies: 21
Views: 2470

Re: How much is saved by taking mass transit to work?

Depending on all the factors related to the commute, nature of "mass transit", etc. - there may be benefits that are not (in the short term, at least) financially quantifiable - that relate to lower stress. It might be even better if you can be "productive" to some degree by read...
by dm200
Wed Nov 19, 2014 10:37 pm
 
Forum: Personal Consumer Issues
Topic: How much is saved by taking mass transit to work?
Replies: 51
Views: 3293

Re: Quit Cobra to go on Obamacare?

Don't know exactly where you live in Northern Virginia, but I suggest considering Kaiser Permanente. http://www.kp.org I looked up costs and plans for 44 year olds where we live (in Northern Virginia) and, if low monthly cost is a priority, Kaiser has a Bronze plan for about $246/monthly with annua...
by dm200
Wed Nov 19, 2014 10:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quit Cobra to go on Obamacare?
Replies: 23
Views: 2746

Re: Credit Card Fraud - Need Advice

On one of the occasions I found the slime-ball from Vancouver, B.C. that made the purchase. I called and spoke with him to find out how he got my card number. When he wouldn't respond, I started calling him at 4 in the morning (his time, 7 mine) Reminds me of the Seinfeld episode where Jerry's car ...
by dm200
Wed Nov 19, 2014 9:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud - Need Advice
Replies: 32
Views: 2791

Re: Credit Card Fraud - Need Advice

One TIP: memorize and then scratch off your CCV code on the back so only you can use it online. While they still can duplicate it they must use it in person (which presents a risk of being photographed). But what do you do when you want to use the card in person? Doesn't the merchant need to see th...
by dm200
Wed Nov 19, 2014 9:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud - Need Advice
Replies: 32
Views: 2791

Re: Credit Card Fraud - Need Advice

My wife is a consumer protection lawyer with a major federal bank regulator. Simply write a letter to BoA's federal regulator which is the OCC. You will get your money back most likely within 30 days of sending the letter. The AG's Office will waste your time. It always surprises me that folks don'...
by dm200
Tue Nov 18, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud - Need Advice
Replies: 32
Views: 2791

Re: Quit Cobra to go on Obamacare?

Don't know exactly where you live in Northern Virginia, but I suggest considering Kaiser Permanente. http://www.kp.org I looked up costs and plans for 44 year olds where we live (in Northern Virginia) and, if low monthly cost is a priority, Kaiser has a Bronze plan for about $246/monthly with annual...
by dm200
Tue Nov 18, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quit Cobra to go on Obamacare?
Replies: 23
Views: 2746

Re: Credit Card Fraud - Need Advice

Can (or will) Walmart track down the user(s) of the gift cards purchased? In pressing Bank of America to not be held responsible for the charges, stress (in the strongest way possible) that the charges were disputed on October 26. Sixteen days seems to me to be very prompt disputing of these charges...
by dm200
Tue Nov 18, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud - Need Advice
Replies: 32
Views: 2791

Re: Practice of Vendors Rounding Up [to distribute to charit

Of all the kinds of things I might take action, raise hell, complain to the Attorney General, etc. - this would be at the bottom of my list. If you don't want to "participate" - just "opt out". No excuse needed. If asked by a cashier, etc. in person, politely say, something like,...
by dm200
Mon Nov 17, 2014 3:33 pm
 
Forum: Personal Consumer Issues
Topic: Practice of Vendors Rounding Up [to distribute to charities]
Replies: 7
Views: 707

Vanguard "Brokers" and Required Due Diligence, etc.

I manage the finances of an organization (highly regulated) and we have considerable holdings at Vanguard Brokerage Services in Brokered CDs. Within the organization's policies and procedures, Imake purchases, keep the records, etc. Almost all transactions are done online - although there is no adde...
by dm200
Mon Nov 17, 2014 3:27 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard "Brokers" and Required Due Diligence, etc.
Replies: 1
Views: 465

Re: 5-year CD vs. 5-year Treasury since 1954

I posted some analysis on the relationship between initial yield and subsequent 1-year, 5-year and 10-year returns for a 5-year Constant Maturity Treasury (CMT) in this post: Initial yield and subsequent N-year return . I thought it would be interesting to compare to a 5-year CD strategy starting i...
by dm200
Sun Nov 16, 2014 2:02 am
 
Forum: Investing - Theory, News & General
Topic: 5-year CD vs. 5-year Treasury over 60 years
Replies: 6
Views: 1126

Re: Waitress giving me discount - ethical question

Are you single? Sounds like she wants you to ask her out. Can't you take a hint? :happy Well I'm happily married, and my wife almost always accompanies me whenever I go there. I'm certainly not trying to give off the "swinger" vibe, but maybe I am. Also I'm a early 20s young guy, so I don...
by dm200
Sun Nov 16, 2014 1:50 am
 
Forum: Personal Consumer Issues
Topic: Waitress giving me discount - ethical question
Replies: 62
Views: 6550

Re: Just signed up Obamacare again.

Just looked at my wife's 2015 plan monthly premiums for the same coverage (a Kaiser Silver plan in Virginia). Her gross premium (before subsidy/credit) increases from 647.51 to 688.75, which is 41.24 or 6.37%. [However she is a year older - as all of us are :wink: ] The 2015 premium for a person the...
by dm200
Sun Nov 16, 2014 1:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Just signed up Obamacare again.
Replies: 41
Views: 3235

Re: Just signed up Obamacare again.

Yes. It is called Reduced Fee-For-Service. The doctor agrees to a fee schedule that is lower than the price he would charge if the insurance didn't offer volume. The problem is that the fee is getting lower and lower and lower. This is why doctors opt out of treating patients on Medicaid, Medicare ...
by dm200
Sun Nov 16, 2014 1:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Just signed up Obamacare again.
Replies: 41
Views: 3235

Re: Waitress giving me discount - ethical question

Have you ever gone there and been served by a different waiter?

Sounds like you are getting the "frequent wings" discount.

Hope that your undercharge is not just being added into some other guy/gal's bill!
by dm200
Sat Nov 15, 2014 2:17 pm
 
Forum: Personal Consumer Issues
Topic: Waitress giving me discount - ethical question
Replies: 62
Views: 6550

Re: Just signed up Obamacare again.

The bronze plan I had from last year has gone up 26.15%. I don't qualify for the premium tax credit. I will keep this plan for now, as I had a debilitating accident last year, and I need to be able to keep the doctors and therapy I have now. I am just grateful to have coverage, so I am not complain...
by dm200
Sat Nov 15, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just signed up Obamacare again.
Replies: 41
Views: 3235

Re: Is it ever a good idea to co-own real estate with parent

A friend's parents purchased a vacation property several years ago. There have been some financial setbacks and they have been talking about selling the place but don't really want to They bought it for 150k and still owe 100 My friend is single and makes decent money. She has thought about offerin...
by dm200
Fri Nov 14, 2014 11:47 pm
 
Forum: Personal Consumer Issues
Topic: Is it ever a good idea to co-own real estate with parents?
Replies: 20
Views: 1318

Re: Health Insurance Question (Specialist Deeme"Out of Netwo

Amazing! The insurance company just decides to "change their mind"? Doesn't the doctor/provider have a contract or agreement with the insurance company that the insurance company will pay when services are provided to insured patients - according to the provisions of the agreement? Now I ...
by dm200
Fri Nov 14, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question (Specialist Deeme"Out of Network")
Replies: 31
Views: 2793

Re: Health Insurance Question (Specialist Deeme"Out of Netwo

...My point in relating this is that I believe you can normally ask for (or insist on) getting pre-approval for such procedures/surgery as the OP from the insurance company. MUCH easier and better to have any "misunderstandings" cleared up BEFORE things are done and the bills submitted......
by dm200
Fri Nov 14, 2014 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question (Specialist Deeme"Out of Network")
Replies: 31
Views: 2793

Re: Free Health Insurance or Pay for Health Insurance (HSA)

I did 12 x 60 which is not wrong I believe? 2 payments a month x 12 months a year. Am I am missing anything $ and cents? Thanks! You sure are missing something OR you made an error in your post OR the deduction is NOT made every payday. You stated: but you would need to pay 30$ bi weekly - EXACT QU...
by dm200
Thu Nov 13, 2014 11:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free Health Insurance or Pay for Health Insurance (HSA)
Replies: 7
Views: 839

Re: Health Insurance Question (Specialist Deeme"Out of Netwo

A few years ago, when I was covered by an employer plan (I think it was a BC/BS affiliated plan), I had surgery by an ophthalmologist to correct a legitimate medical condition. He was in the plan and that part was just fine. However, he took a few shortuts (apparently) in fully documenting the medic...
by dm200
Thu Nov 13, 2014 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question (Specialist Deeme"Out of Network")
Replies: 31
Views: 2793

Re: Life insurance coverage if you leave employer

I don't know the details of what you have or had - and what options you are given, BUT I investigated this several times when leaving former employers - as well as evaluating purchasing additional coverage through the employer. 1. Usually (perhaps almost always) purchasing term insurance ( such as 2...
by dm200
Wed Nov 12, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance coverage if you leave employer
Replies: 15
Views: 1003

Re: Kaiser Permanente Georgia opinions needed

I'm working on retirement planning and wonder if any Georgia folks can help. We anticipate retiring in 2015 and relocating to a 55+ community south of Atlanta. We will need new health care providers so all insurance plans are on the table. Can anyone offer an informed opinion on Kaiser Permanente G...
by dm200
Wed Nov 12, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kaiser Permanente Georgia opinions needed
Replies: 2
Views: 253

Re: Why do HY Savings and CD rates dominate short-term bonds

IMHO, the answers are, in order of importance: 1) The market has no access to bank products to "regulate" them FDIC insurance is a free gift to small investors Banks are trying to attract customers who they hope will stay long term There is an arbitrage opportunity, but selling Treasuries...
by dm200
Mon Nov 10, 2014 4:11 pm
 
Forum: Investing - Theory, News & General
Topic: Why do HY Savings and CD rates dominate short-term bonds?
Replies: 26
Views: 3021

Re: Find flaws in my plans for Deferred Compensation?

is with a fortune 200 company that is extremely unlikely to become insolvent "unlikely" perhaps - BUT still a risk, IMO. Just look back a few decades ago at some of the companies (later to have serious, sometimes fatal, financial issues/problems) that were considered to have been [i] extr...
by dm200
Mon Nov 10, 2014 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Find flaws in my plans for Deferred Compensation?
Replies: 13
Views: 759

Re: ObamaCare vs. Private Insurance??

I am mostly interested in comparisons between on and off exchange, and any specific experiences in VA. Thanks, Magellan. For a list of off-exchange policies, visit the link below and enter your zip code and information. You'll need to say you had a qualifying event to see 2014 prices. I just clicke...
by dm200
Mon Nov 10, 2014 3:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: ObamaCare vs. Private Insurance??
Replies: 105
Views: 9255

Re: Adoption [Experience from those who have adopted]

once again, thanks for the replies. We're having dinner with some friends (who are adoptive parents) and I have several questions to ask which were inspired by this thread. I think you have to be cautious of survivorship bias. You don't find a lot of people running around talking about a failed ado...
by dm200
Mon Nov 10, 2014 3:45 pm
 
Forum: Personal Consumer Issues
Topic: Adoption [Experience from those who have adopted]
Replies: 39
Views: 4387

Re: Donating Your Body to Medical School, etc.

reggiesimpson wrote:I dissected humans in school. Just so you know the body is returned to the family for proper disposal.


The two local Medical Schools I am looking into say that, upon request, the cremated remains are returned to the family.
by dm200
Sun Nov 09, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: Donating Your Body to Medical School, etc.
Replies: 44
Views: 4319

Re: Donating Your Body to Medical School, etc.

My siblings were discussing this and it turns out that one nearby medical school has no funds for transportation. You have to pay for the embalming (which must be done a certain way to meet their specifications) and also transportation to the school, which only takes delivery on certain days/times....
by dm200
Sat Nov 08, 2014 11:30 pm
 
Forum: Personal Consumer Issues
Topic: Donating Your Body to Medical School, etc.
Replies: 44
Views: 4319

Re: Donating Your Body to Medical School, etc.

I read a really good book on the subject years ago. It was on the clearance table in a bookstore and I needed a book for a long plane flight. "Stiff: The Curious Lives of Human Cadavers" http://www.amazon.com/Stiff-Curious-Lives-Human-Cadavers/dp/0393324826 Definitely worth reading, espec...
by dm200
Fri Nov 07, 2014 11:33 pm
 
Forum: Personal Consumer Issues
Topic: Donating Your Body to Medical School, etc.
Replies: 44
Views: 4319

Re: ObamaCare vs. Private Insurance??

since only one of a half dozen or so private practice doctors we see would accept the new plan; all accepted our old plan. Hospitals and labs such as we've used since having the new plan seem to accept it. Question: [and I do not know the answer] - Is the number of private practice doctors that &qu...
by dm200
Fri Nov 07, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: ObamaCare vs. Private Insurance??
Replies: 105
Views: 9255

Re: Collision claim on new auto policy - problems

1. Won't the photos your wife took have time and date stamps or identification?

2. Will the photo of the other car have sufficient information to identify the car, owner and driver?

3. Might there be some sort of security photos in the shopping center?
by dm200
Fri Nov 07, 2014 6:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Collision claim on new auto policy - problems
Replies: 21
Views: 1533

Re: "Easy" social security question...

As various posts show, there are many aspects to this decision. I don't think this aspect has been mentioned yet, but Social security income is one of the most "protected" flow of funds from lawsuits, judgments, garnishment. Even retirement accounts may have some exposure to this (very dep...
by dm200
Fri Nov 07, 2014 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3717

Re: Donating Your Body to Medical School, etc.

Prior to retirement, I was the director of an anatomical gifts program at a US medical school. In the state where I practiced , by law the disposition of your remains is the prerogative of your legally-defined NOK (next of kin). If your NOK does not want your remains donated, they will not be donat...
by dm200
Fri Nov 07, 2014 1:28 pm
 
Forum: Personal Consumer Issues
Topic: Donating Your Body to Medical School, etc.
Replies: 44
Views: 4319

Re: Medicare Advantage to Regular Medicare

Thanks dm200 for your detailed response. Yes, I'm going to talk with mom and see if she is interested in looking at other MA plans now since it is open enrollment. We live in an area where there are a lot of plans. I haven't heard the phone calls but I'm thinking the MA plan my be encouraging her t...
by dm200
Fri Nov 07, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage to Regular Medicare
Replies: 14
Views: 1320

Re: "Easy" social security question...

Thought I'd toss you nice folks a softball this morning with an easy question about social security. Though I have a few years to go, my mind is starting to incline in this direction. Question: If you don't need the money is it always best to wait until you're 70ish to start drawing retirement bene...
by dm200
Fri Nov 07, 2014 8:28 am
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3717

Re: Medicare Advantage to Regular Medicare

Just a comment and an idea .. Idea: Perhaps (all depends on what is available in your area) there is a different MA plan that could suit her situation better. Comment: A friend of mine is on a MA plan, with which he is very satisfied. The plan is from an insurance company with providers that have c...
by dm200
Thu Nov 06, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage to Regular Medicare
Replies: 14
Views: 1320

Re: Cobra - might you be an expert

Tim18, I'm not sure about COBRA laws, but you may want to investigate purchasing health insurance on your state's Affordable Care Act exchange. You may be eligible for subsidized coverage depending on your income. Even without subsidized coverage, the plans have adjusted community rating which mean...
by dm200
Thu Nov 06, 2014 7:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cobra - might you be an expert
Replies: 13
Views: 896

Re: Medicare Advantage to Regular Medicare

Just a comment and an idea .. Idea: Perhaps (all depends on what is available in your area) there is a different MA plan that could suit her situation better. Comment: A friend of mine is on a MA plan, with which he is very satisfied. The plan is from an insurance company with providers that have ch...
by dm200
Thu Nov 06, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage to Regular Medicare
Replies: 14
Views: 1320
Next

Return to advanced search