Search found 666 matches

by furwut
Fri Jul 31, 2015 9:22 pm
Forum: Personal Consumer Issues
Topic: Retirees: Questions you hate being asked
Replies: 38
Views: 1945

Re: Retirees: Questions you hate being asked

My pet peeve is: "what do you do all day?" I get a slight variation - "What did you do today?". The persons asking me this (all still working) were never inquisitive about how I spent my time while I was working. If I give them some answer they'll commonly respond with "and...
by furwut
Fri Jul 31, 2015 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 30
Views: 904

Re: COBRA Vs ACA after job loss and move

Tanelorn I can't help but feel you are viewing things through a political lens. Suffice to say that not every employer plan is great(I've had both good ones and bad ones in my working life) and that not every exchange plan is crap. As in all things the devil is in the details and OP has to look unde...
by furwut
Fri Jul 31, 2015 7:12 pm
Forum: Personal Consumer Issues
Topic: Netflix DVD delivery slowdown?
Replies: 129
Views: 23634

Re: Netflix DVD delivery slowdown?

There was an article in the nytimes recently about how Netflix is upgrading its DVD processing. Yeah - I was going to post & link the article to this thread but got distracted. For this thread I think the interesting take-away was that Netflix has consolidated shipping centers. So that could be...
by furwut
Fri Jul 31, 2015 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 30
Views: 904

Re: COBRA Vs ACA after job loss and move

The ACA doesn't require the plan have good doctors, short waiting lists, or widely available coverage. In practice, most group employer plans have these things and many ACA exchange plans do not. There is nothing unique about employer plans continued under COBRA. Some plans offered by an employer a...
by furwut
Fri Jul 31, 2015 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 30
Views: 904

Re: COBRA Vs ACA after job loss and move

My thoughts on the OPs situation is that for a transitional situation that, unless you know you are going to require medical services, the cheaper policy makes financial sense - provided you have the emergency funds to cover higher deductibles should a crisis arise.
by furwut
Fri Jul 31, 2015 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 30
Views: 904

Re: COBRA Vs ACA after job loss and move

The ACA does not have a minimum income requirement.


Opps - yes that is correct. Limit for subsidy.
by furwut
Fri Jul 31, 2015 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance - Consumer reports article/analysis
Replies: 11
Views: 563

Re: Auto Insurance - Consumer reports article/analysis

The details are in the article, but the "technique" used is that information about you is used to determine how likely you are to put up with, say, $100 or $200 increases. One "factor" is whether the company has a record of whether you have complained in the past. A second facto...
by furwut
Fri Jul 31, 2015 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance - Consumer reports article/analysis
Replies: 11
Views: 563

Re: Auto Insurance - Consumer reports article/analysis

It is more convieient to have all your lines with one insurer but not necessary or required. It can be cheaper, even taking into account multi-line discounts, to select separate insurers for each line.
by furwut
Fri Jul 31, 2015 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 30
Views: 904

Re: COBRA Vs ACA after job loss and move

ACA has a minimum income requirement. If you are not working wouldn't you fall under Medicaid?
by furwut
Fri Jul 31, 2015 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance - Consumer reports article/analysis
Replies: 11
Views: 563

Re: Auto Insurance - Consumer reports article/analysis

One "technique" used in some states by some companies is pricing the premium based on a prediction of how likely the insured is to "complain" and/or go elsewhere. Was that assertion in the article? I don't know how CR would know that unless they were given inside information. Pr...
by furwut
Thu Jul 30, 2015 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance rates are based on your credit score
Replies: 5
Views: 844

Re: Auto insurance rates are based on your credit score

The ability to use credit score is state dependent and always optional. Consumer Report's claim that a poor credit score raises premium more than a DWI conviction is sensational. Almost makes you want to buy a subscription. :wink: I do agree with their advice that consumers need to periodically re-q...
by furwut
Thu Jul 30, 2015 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3576

Re: Geico Auto Insurance

I am starting to think that all of these insurance agencies are garbage. I would be more than annoyed if my premiums increased for no reason at all. ... On one hand, I feel sickened that I have been paying so much for auto insurance for so long ... Companies do make errors in their underwriting mod...
by furwut
Wed Jul 29, 2015 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand defined benefit plans
Replies: 3
Views: 379

Re: Help me understand defined benefit plans

If you haven't already I recommend searching this blog - The White Coat Investor . Because of their high incomes and the perception they lack time to deal with things outside of work many doctors are pitched very "interesting" investment products. I think you would need to post a specific ...
by furwut
Wed Jul 29, 2015 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3576

Re: Geico Auto Insurance

No other quotes from online companies.


Progressive is the company that Geico is most often compared with. Also try Elephant - they are a new one. Einsurance is a clearing house for multiple companies to quote you.
by furwut
Wed Jul 29, 2015 10:40 am
Forum: Personal Consumer Issues
Topic: Need car for 6 months a year. Best ideas?
Replies: 16
Views: 1244

Re: Need car for 6 months a year. Best ideas?

You are right that no good will come from a car that sits 6 months unused out of every year. A bogelhead would definitely rule out buying "the car of your dreams" under such circumstances as your marginal utility is immediately cut in half! 2 best options are: If you have a trust worthy re...
by furwut
Wed Jul 29, 2015 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3576

Re: Geico Auto Insurance

by furwut
Wed Jul 29, 2015 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3576

Re: Geico Auto Insurance

I am also a bit weary of GEICO because there is no actual GEICO office within 50 miles of were I live. Maybe it is old fashioned, but I am used to having a dedicated person that I could talk to if I had questions. But that is the reason they are less expensive! No broker overhead. While you may not...
by furwut
Wed Jul 29, 2015 9:38 am
Forum: Investing - Theory, News & General
Topic: Audit over backdoor Roth
Replies: 9
Views: 1414

Re: Audit over backdoor Roth

He intimated that backdoor Roths, while not fully illegal, at least approached the limits of permissibility. I haven't read anything about backdoor Roths leading to more audits but your advisor is not incorrect in the above. There has been discussion on whether the IRS might (someday) take a closer...
by furwut
Mon Jul 27, 2015 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Investing $3,000 for a 1-year old
Replies: 16
Views: 1822

Re: Investing $3,000 for a 1-year old

I'll echo the caution on UGMA. Sometimes the financially appealing choice is not the wisest life choice.
by furwut
Mon Jul 27, 2015 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Umbrella Insurance if my Assets < Liability Limits?
Replies: 14
Views: 1290

Re: Do I need Umbrella Insurance if my Assets < Liability Limits?

Two, to have sufficient funds to try and make someone whole in the unfortunate event they experience a loss due to our negligence. +1. There is a moral argument for everybody to carry decent coverage limits. Now what those are :?: P.S. - I have heard of cases where judges have assigned future earni...
by furwut
Mon Jul 27, 2015 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 3576

Re: Geico Auto Insurance

Its the nature of insurers these days to organize networks of preferred providers. It streamlines the claims handling and lowers costs. Same thing has happened with health insurance. You don't have to accept Geico's recommended repairer however. Read your policy - you retain the right to have your c...
by furwut
Mon Jul 27, 2015 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 22
Views: 2690

Re: Rewards Checking-An Easy Way to Earn Extra Money

I have one rewards checking account. It pays 2.45% on balances up to $15,000. I treat it as an savings account. It also reimburses all ATM fees though I hardly ever use cash. I have to swipe 10 times a month to earn the bonus rate. I keep a reminder in my calendar that pops up to 3/4 of the way thro...
by furwut
Mon Jul 27, 2015 10:25 am
Forum: Personal Consumer Issues
Topic: Durability of consumer goods
Replies: 44
Views: 2419

Re: Durability of consumer goods

An issue with many of the household appliances is that a home service call can run 1/3 or more of the cost of a new appliance. Maybe I'm cynical but I think many of the appliances sold today are not built to last much more than 10 years even with service.
by furwut
Mon Jul 27, 2015 10:19 am
Forum: Investing - Help with Personal Investments
Topic: IRA Deductions with partial year 401k available....
Replies: 3
Views: 249

Re: IRA Deductions with partial year 401k available....

OP probably already knows this but for others - if not eligible to receive a deduction for the traditional IRA contribution consider the Backdoor Roth.
by furwut
Mon Jul 27, 2015 10:14 am
Forum: Investing - Help with Personal Investments
Topic: How do I invest in the stock market?
Replies: 6
Views: 667

Re: How do I invest in the stock market?

Most people invest through their retirement plans at work such as a 401k or 403b. Ask you HR representative if one is available. Once you've read some and gathered some basic info specific investing advice can be asked using this format:

Asking Portfolio Questions
by furwut
Mon Jul 27, 2015 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Unsure how to proceed with retirement options for teaching job
Replies: 3
Views: 411

Re: Unsure how to proceed with retirement options for teaching job

The linked document is full of jargon and short-hand. It is meant for HR use. You need to get much better information in order to make an informed decision. But my hunch is, given that many teaching careers end up being short due to burn-out, an Account option (assuming it works like a 403(b), might...
by furwut
Mon Jul 27, 2015 9:52 am
Forum: Personal Consumer Issues
Topic: Apple Music
Replies: 9
Views: 878

Re: Apple Music

How’s the music quality? Apple Music streams songs at 256kbps, which is the same rate as iTunes Match. That’s a bit of a drop from Beats Music and Spotify, which use a 320kbps bitrate. And competitor Tidal boasts more than just major celebrity endorsements: It offers a high-bitrate option (1411kbps...
by furwut
Mon Jul 27, 2015 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Just another question, trying to understand
Replies: 1
Views: 152

Re: Just another question, trying to understand

What is a "wash sale"?

Capital gains and dividend distributions are not sales of shares so wash rules don't apply. If you own 100 shares of VTSMX before the distribution you still own the original 100 shares after - plus some additional shares if you've chosen to re-invest.
by furwut
Mon Jul 27, 2015 9:36 am
Forum: Investing - Help with Personal Investments
Topic: What advice would you give...Salary bumping up from 37k to 45k annually
Replies: 15
Views: 1366

Re: What advice would you give...Salary bumping up from 37k to 45k annually

What is the one piece of advice you would give someone in their mid-thirties whose salary is going up from $37,000 a year to $45,000 ... What I did throughout my working life was to automatically save 1/2 of the net (after taxes and payroll deductions) of every pay increase I ever received. Edited ...
by furwut
Sun Jul 26, 2015 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Mom - I'm Concerned About Her Advisor
Replies: 24
Views: 1818

Re: Helping Mom - I'm Concerned About Her Advisor

My thought was to transfer her old 401K money, the inhertied IRA, and a small Roth ($5K) to Vanguard and allocate it across some of their low cost funds. Your mother's advisor has helpfully placed her portfolio in funds with class A shares. Class A shares are sold with front end sales charges. So n...
by furwut
Fri Jul 24, 2015 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Can I link Vanguard company 401k with my Vanguard personal investor accounts?
Replies: 7
Views: 639

Re: Can I link Vanguard company 401k with my Vanguard personal investor accounts?

My former employer's 401k account shows on my personal accounts page alongside my Vanguard taxable & IRA accounts. Its been that way for so long I can't remember if it was automatic or I had requested it. Once you begin your new job and are in the 401k system if it isn't showing up give the Vang...
by furwut
Wed Jul 22, 2015 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Finances: Findings of the 2015 Trustees Report
Replies: 4
Views: 595

Re: Social Security Finances: Findings of the 2015 Trustees Report

I saw a report on PBS News Hour's 7/22/15 broadcast that the disability fund would not be able to pay full benefits as early as next year. Recipients would face automatic cuts unless Congress takes action.
by furwut
Wed Jul 22, 2015 2:51 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3729

Re: How to pay taxes on blog income?

Should OP consider getting a separate checking account/payment card to avoid commingling business and personal transactions and make filing easier?
by furwut
Tue Jul 21, 2015 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage help
Replies: 7
Views: 737

Re: Mortgage help

If you do buy I favor taking out the shortest term loan that reasonably covers your intended time of ownership. I think I would favor the 0% down loan option. You have high income so the extra tax deduction will be nice. Are you saying that they should pay an extra (say) $100 a month in interest to...
by furwut
Mon Jul 20, 2015 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage help
Replies: 7
Views: 737

Re: Mortgage help

We plan to stay in it for about 3-5 years ONLY. You should seriously consider searching for a suitable house to rent. If you do buy I favor taking out the shortest term loan that reasonably covers your intended time of ownership. I think I would favor the 0% down loan option. You have high income s...
by furwut
Thu Jul 09, 2015 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage - 30 year or 15 year?
Replies: 56
Views: 4894

Re: Mortgage - 30 year or 15 year?

I agree with all the objective advice above to stick with the 30 year mortgage. Subjectively my thinking is one should time paying off a mortgage to one's retirement and not sooner (at least at these present interest rates). Reducing needed distributions from a portfolio allows for better tax manage...
by furwut
Sat Jun 27, 2015 6:24 pm
Forum: Personal Consumer Issues
Topic: Lifelock: Worth the Money or a Sham?
Replies: 20
Views: 3400

Re: Lifelock: Worth the Money or a Sham?

I saw a Lifelock commercial the other day on TV playing off of the OMB breach to push their services. I don't think they add any value that I can tell but I've never been interested enough to instigate. With your history I would have frozen my credit accounts long ago. You don't need Lifelock for th...
by furwut
Sat Jun 27, 2015 3:17 pm
Forum: Personal Consumer Issues
Topic: Need to dispose tube TV in Pennsylvania. Township won't pick up.
Replies: 37
Views: 3229

Re: Need to dispose tube TV in Pennsylvania. Township won't pick up.

Last year when I was at the dump I noticed a pile of CRT TV's sitting there. I bet most of them still worked.
by furwut
Fri Jun 26, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: HSA via Obamacare if new employer doesn't offer it. Good or bad idea?
Replies: 6
Views: 867

Re: HSA via Obamacare if new employer doesn't offer it. Good or bad idea?

I'm not sure you qualify for an Obamacare policy if your employer offers insurance. Anyway, as mentioned above your employer is likely paying 75-80% of the premium so that's a much better deal. Edit Looks to me that you are not eligible since you have existing coverage offered by your employer. The ...
by furwut
Mon Jun 22, 2015 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawal Strategies in Retirement and Maintaining Asset Allocations
Replies: 7
Views: 1369

Re: Withdrawal Strategies in Retirement and Maintaining Asset Allocations

tarheel wrote:Indeed. I just was wondering if there was some way of doing this without buying and selling a bunch of stuff. As a slice and dicer, that would be a bunch of transactions.


There is majesty in simplicity.
by furwut
Mon Jun 22, 2015 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawal Strategies in Retirement and Maintaining Asset Allocations
Replies: 7
Views: 1369

Re: Withdrawal Strategies in Retirement and Maintaining Asset Allocations

The only way I can see how to do it would be through transactions - i.e., sell some of the Roth assets and buy Total Market and Total Bond in those accounts.


Yes. Money is fungible. :happy
by furwut
Thu Jun 18, 2015 2:25 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?
Replies: 98
Views: 14697

Re: Retirees: Did you spend much time wringing your hands over Retirement Savings as Many on Forum Do Today?

I spent zero time planning my retirement up until the 2 - 3 months before I actually retired. Don't think that was optimal.
by furwut
Mon Jun 15, 2015 8:14 am
Forum: Personal Consumer Issues
Topic: Do I need to keep my landline number?
Replies: 58
Views: 6751

Re: Do I need to keep my landline number?

The most common reasons I hear for keeping a landline are: 1. Provides better 911 call location. 2. Works when the power is out. 3. Provides unlimited local calling. 4. Poor cell phone reception at home. I believe emergency response centers have gotten much better at locating 911 calls from cell pho...
by furwut
Mon Jun 15, 2015 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Is 2 years of HSA worth doing?
Replies: 10
Views: 1208

Re: Is 2 years of HSA worth doing?

You can purchase an HSA eligible HDHP from the exchange in retirement and continue contributing. So there's no 2 your window/limitation to take advantage of this tax benefit.
by furwut
Sun Jun 14, 2015 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Disadvantages from moving 401k to IRA
Replies: 37
Views: 3712

Re: Disadvantages from moving 401k to IRA

RetireGood wrote:Is below possible/allowed.
...


I think it unlikely. Each 401k plan is governed by its own rules and regulations. Contact the retirement plan specialist at FIDO for your old 401k and ask. My guess is that any rollover must be 100%.
by furwut
Fri Jun 12, 2015 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Do we need long-term care insurance?
Replies: 23
Views: 3167

Re: Do we need long-term care insurance?

Here is one financial blogger's - Darrow Kirkpatrick at Can I Retire Yet - analysis of his situation.

Long-Term Care Insurance: Beyond the Sales Pitch
Long-Term Care Insurance: Why We Aren’t Buying It

Good luck.
by furwut
Thu Jun 11, 2015 3:00 pm
Forum: Personal Consumer Issues
Topic: iPhone 6 or 6 plus for light business travel?
Replies: 27
Views: 2954

Re: iPhone 6 or 6 plus for light business travel?

Question for those with the 6+ - how do you carry the phone? In your pocket or somewhere else like a bag?
by furwut
Thu Jun 11, 2015 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantages from moving 401k to IRA
Replies: 37
Views: 3712

Re: Disadvantages from moving 401k to IRA

Another possible advantage to keeping your funds in a 401k versus an IRA is if the 401k gives you access to even lower cost funds than you can get individually.

My 401k at my former employer allows me to invest in Vanguard Institutional class shares. The ER is less than the Admiral class.
by furwut
Wed Jun 10, 2015 3:32 pm
Forum: Personal Consumer Issues
Topic: Rent a bike in SF, ride to LA, and drop it off?
Replies: 23
Views: 1792

Re: Rent a bike in SF, ride to LA, and drop it off?

I have heard that some of my local bike shops do day/weekly rental of high-end racing bikes. The attraction is if you are a biking enthusiast stuck in town for business this is a way for you to get your miles in. You just bring your saddle, shoes, pedals and helmut. The shop also hooks you up with l...
by furwut
Wed Jun 10, 2015 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing Retirement Plan - Ohio St Univ - DB, DC or Blend Option?
Replies: 2
Views: 317

Re: Choosing Retirement Plan - Ohio St Univ - DB, DC or Blend Option?

Seems the common advice is if you plan to stay in job or in state public position for career, the pension is a great idea. Yup - the value of pensions is, traditionally, back-loaded. That was one of the big selling points for the 401K style alternative. You also have to gauge the willingness of the...

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