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Re: Debit Card was hacked. Should I just use cash from now

This question arises every now and then on the forum. I will not own a debit card. I asked my bank for an ATM only card. Below is a post I made in 2011 on the same subject. The cited article explains why debit cards are not a good idea. Jeff This story appears in the Cleveland Plain Dealer. http://w...
by jsl11
Sat Oct 18, 2014 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 51
Views: 2914

Re: Meaning of Important note included in Medicare part D pl

My views on mail order pharmacies are for longterm medications used for chronic problems. Anything that is dependent on temperature control ( don't know any in that category) would be a special case. I take a common generic BP medication. It comes in a factory sealed 90 count package. The factory l...
by jsl11
Sat Oct 18, 2014 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meaning of Important note included in Medicare part D plan ?
Replies: 27
Views: 1695

Re: Missing Dividend Payment Information

Just as dividends are not shown, any charges or fees taken out of your account are also not shown. This makes it difficult for you to see what is actually happening.
Jeff
by jsl11
Fri Oct 17, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Missing Dividend Payment Information
Replies: 27
Views: 1436

Re: Meaning of Important note included in Medicare part D pl

My views on mail order pharmacies are for longterm medications used for chronic problems. Anything that is dependent on temperature control ( don't know any in that category) would be a special case. I take a common generic BP medication. It comes in a factory sealed 90 count package. The factory l...
by jsl11
Fri Oct 17, 2014 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Meaning of Important note included in Medicare part D plan ?
Replies: 27
Views: 1695

Re: Meaning of Important note included in Medicare part D pl

I don't know why anyone would want to use local retail pharmacies and struggle to decide which are on the preferred list and which are not. Some medications have storage temperature requirements. I don't want my prescriptions getting cooked or frozen in the back of a mail truck, or sitting in my ma...
by jsl11
Thu Oct 16, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meaning of Important note included in Medicare part D plan ?
Replies: 27
Views: 1695

Re: Your personal risk level: Got your flu shot yet?

This may be of interest: Last year, while at a routine office visit with my allergist, I asked for and received a flu shot. After I got home, I wondered about the high dose as I did not know which shot I received. So, I called the Dr. and asked. I was told that they did not have the high dose vacci...
by jsl11
Thu Oct 16, 2014 4:12 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 2943

Re: First investment strategy meeting with new FA, $6M trust

Another thing to look at: Do the funds he recommends have 12(b)1 fees? This could mean that he is getting paid by the funds for selling them to you. This would be a conflict of interest.
Jeff
by jsl11
Thu Oct 16, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4466

Re: Your personal risk level: Got your flu shot yet?

This may be of interest: Last year, while at a routine office visit with my allergist, I asked for and received a flu shot. After I got home, I wondered about the high dose as I did not know which shot I received. So, I called the Dr. and asked. I was told that they did not have the high dose vaccin...
by jsl11
Thu Oct 16, 2014 2:36 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 2943

Re: Your personal risk level: Got your flu shot yet?

We had a niece die from the flu last year. She was only in her thirties. Get your shot! My niece did not get her shot, and this is what happened. If you have a medical condition that keeps you from getting a shot, that is a different situation. Otherwise, it is just foolish not to get one. Sure, th...
by jsl11
Thu Oct 16, 2014 10:42 am
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 2943

Re: First RMD Question

Pub 590 says:
If you do not (or did not) receive that minimum amount in
your 70-1/2 year, then you must receive distributions for your
70-1/2 year by April 1 of the next year.

Jeff
by jsl11
Wed Oct 15, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: First RMD Question
Replies: 10
Views: 980

Re: Your personal risk level: Got your flu shot yet?

We had a niece die from the flu last year. She was only in her thirties. Get your shot!
by jsl11
Wed Oct 15, 2014 10:48 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 2943

Re: The SWR on Real Estate Investments

I would suggest that you have made a number of assumptions that might not be true. Real estate values are neighborhood dependent. What starts out as a good neighborhood can change, and then values can decrease rather than increase. You may have trouble keeping your property rented. Zero income month...
by jsl11
Tue Oct 14, 2014 9:27 pm
 
Forum: Investing - Theory, News & General
Topic: The SWR on Real Estate Investments
Replies: 61
Views: 2261

Re: Question re: RMD

If we consider dollar cost averaging to be a reasonable (and, some might say, preferred) method for investing, does it also make sense to use a DCA model for taking RMDs? When buying, DCA gets you more shares when prices are low and fewer shares when prices are high. If you DCA when selling, you se...
by jsl11
Tue Oct 14, 2014 1:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question re: RMD
Replies: 19
Views: 1216

Re: Antique jewelry?

Some jewelry stores sell "estate jewelry". You don't need a place that specializes in antique jewelry. A regular jewelry story may have what you need if they buy as well as sell.
Jeff
by jsl11
Mon Oct 13, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Antique jewelry?
Replies: 10
Views: 802

Re: Small Moneysavers Which Add Up

Only change the oil in you vehicles once every 10,000 miles or once per year. Huh? And end up with a much larger headache of having to replace the car much earlier because you neglected to maintain it!? The newer vehicles that specify synthetic oil may have the requirement for oil changes at 10K or...
by jsl11
Mon Oct 13, 2014 10:22 am
 
Forum: Personal Consumer Issues
Topic: Small Moneysavers Which Add Up
Replies: 74
Views: 6828

Re: Buy a new car, or fix the old one?

The right decision may depend on the model Nissan you have. A Sentra may not be worth fixing at this point, while a Maxima or Altima are more substantial vehicles and may have a longer expected life. What model is yours?
Jeff
by jsl11
Sun Oct 12, 2014 9:21 pm
 
Forum: Personal Consumer Issues
Topic: Buy a new car, or fix the old one?
Replies: 55
Views: 2918

Re: Credit Card Issue

The standard for good phone customer service has to be Discover. They seem to be well trained, speak good English and are courteous and friendly. I had the opposite experience with Discover. I called them when my accumulated rewards disappeared. I was told they had "expired". I stated tha...
by jsl11
Sun Oct 12, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Issue
Replies: 26
Views: 1821

Re: How much of your Emergency Fund would you lock up in CDs

In a limited way, money can be withdrawn from a CD prematurely, without paying a penalty. When you buy a CD, you have a choice of having the interest accumulate, or paid to you monthly. In my experience, the accumulated interest can be withdrawn at any time without penalty. With today's low rates, t...
by jsl11
Sat Oct 11, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much of your Emergency Fund would you lock up in CDs?
Replies: 37
Views: 2633

Re: Who should regularly contribute to taxable investments?

Paying off a mortgage before investing in taxable is not a given. If someone has a low interest rate, it can make sense to not pay off the mortgage early. If someone inherits a taxable account, if they receive a large gift, or if they win a big lottery prize, they cannot just transfer it to an IRA. ...
by jsl11
Fri Oct 10, 2014 9:19 pm
 
Forum: Investing - Theory, News & General
Topic: Who should regularly contribute to taxable investments?
Replies: 34
Views: 3530

Re: over-59.5 in-service withdrawal from 401K ?

If your 401k provider insists on mailing you a check (mine did), be sure the check is made out to Vanguard FBO yourname. If the check is made out to you, they must withhold 20% for taxes. While this money would be returned to you when you file you taxes, the withholding becomes a taxable withdrawal,...
by jsl11
Fri Oct 10, 2014 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: over-59.5 in-service withdrawal from 401K ?
Replies: 9
Views: 600

Vanguard Fund Purchase Fee

If I buy a Vanguard fund that has a purchase fee, is that fee deductible on my income taxes?
Jeff
by jsl11
Thu Oct 09, 2014 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Fund Purchase Fee
Replies: 2
Views: 416

Re: Is this smart?

skeptic88 wrote:Would selling the fund and buying the funds individually negatively affect my cost basis?

It will set a new cost basis. You will also have recognized a capital gain (taxable) or capital loss (deductible). However, all this applies only in a taxable account. In an IRA it makes no difference.
Jeff
by jsl11
Wed Oct 08, 2014 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this smart?
Replies: 19
Views: 1384

Re: Small Moneysavers Which Add Up

Costco membership. We save the membership fee many times over.
Jeff
by jsl11
Wed Oct 08, 2014 9:10 pm
 
Forum: Personal Consumer Issues
Topic: Small Moneysavers Which Add Up
Replies: 74
Views: 6828

Re: Deductable Investment fees

You cannot deduct mutual fund expense ratios because you do not pay them directly. The fund pays them for you. For example, if the gross yield of a fund is 3% and the expense ratio is 1%, the fund dividend will be 2%. If the fund paid the gross yield to you at 3% and then sent you a bill for the man...
by jsl11
Wed Oct 08, 2014 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deductible Investment fees
Replies: 9
Views: 419

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

He could open an IRA at a bank, probably for $50. He could then add to that as he is able. Once he gets to $1000, he could transfer it to Vanguard. There would not be much if any return at a bank, and you need to look out for fees. However, for such small amounts, contributions are much more importa...
by jsl11
Wed Oct 08, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2616

Re: Hyundai vs. Toyota

As far as the check engine light.... disconnect one battery lead and count to ten, then reconnect. That should reset sensor causing the light to be on. Whether or not it comes back on, or how long it stays off if there is an issue can vary. .. and it just might vary by how much fuel is in the tank....
by jsl11
Tue Oct 07, 2014 12:00 pm
 
Forum: Personal Consumer Issues
Topic: Hyundai vs. Toyota
Replies: 45
Views: 4677

Re: Help with finding real estate agent

I found a very good agent by going to open houses while looking for my next house. At one of these houses, I met the agent, and was very favorably impressed. It turned out to be a good decision. Also, although I may be wrong, it is my impression that 20% of the agents sell 80% of the listed houses. ...
by jsl11
Tue Oct 07, 2014 10:36 am
 
Forum: Personal Consumer Issues
Topic: Help with finding real estate agent
Replies: 8
Views: 734

Re: Kitchen Cabinetry Lines

We did a kitchen remodel in our previous house, about 18 years ago. We used Crystal Cabinets, and were very pleased with the quality. They were 10 years old when we moved, and they still looked like new. They are somewhat pricey. However, we were able to find a time when they were on sale. IIRC, the...
by jsl11
Mon Oct 06, 2014 7:40 pm
 
Forum: Personal Consumer Issues
Topic: Kitchen Cabinetry Lines
Replies: 19
Views: 1224

Re: "Vanguard converting mutual fund accounts to brokerage?

I believe that having a "mutual fund only" account has a measure of security over a combined mutual fund/brokerage account. If a brokerage account gets hacked, there is a lot of damaging mischief that could be done. However, if someone gets access to a mutual fund account, it would be much...
by jsl11
Mon Oct 06, 2014 7:29 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 72
Views: 8009

Re: Paying off a 6.5% mortgage

You cannot do bunching in arrears, but as Jeff noted you might benefit from doing it in future years but only if you do not pay off the mortgage. The more deductible interest you have, the greater the benefit of bunching. However, real estate taxes, state & local income taxes and donations may ...
by jsl11
Sun Oct 05, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying off a 6.5% mortgage
Replies: 46
Views: 3514

Re: Paying off a 6.5% mortgage

We claim standard deduction so we can't even take advantage of the mortgage tax deduction. Have you looked at bunching your deductions, to the extent that you can, into alternate years? This may allow you to itemize every other year, and get some significant tax savings. If your mortgage payment is...
by jsl11
Sun Oct 05, 2014 12:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying off a 6.5% mortgage
Replies: 46
Views: 3514

Re: Safety of large balances in checking accounts (fraud etc

At my regional bank, I also requested (and received) an ATM only card. It does not have a Visa or MasterCard logo.
Jeff
by jsl11
Sat Oct 04, 2014 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Safety of large balances in checking accounts (fraud etc.)
Replies: 10
Views: 1193

Re: Safety of large balances in checking accounts (fraud etc

If I were to have a debit card (which I don't) I would have it on an account with limited amounts in it. For my main checking account, the one used for direct deposit, etc. I would not have a debit card. If somehow the debit card number is compromised, you could be missing a large amount of cash, an...
by jsl11
Sat Oct 04, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Safety of large balances in checking accounts (fraud etc.)
Replies: 10
Views: 1193

Re: Harbor Bond Fund

If you want to want to leave Harbor Bond because you think it is going to become mediocre, then you need to identify a new genius. How did you pick Harbor Bond first time around? If it was luck, why do you think you will be lucky again? If it was skill, exactly how did you do it... how long did it ...
by jsl11
Sat Oct 04, 2014 8:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Harbor Bond Fund
Replies: 6
Views: 617

Re: Harbor Bond Fund

I have not made a rash decision. I've been thinking about it all week. I have decided that I do not need the "more risk" involved with this fund. I am leaning towards replacing it with Vanguard Intermediate Corporate Bond Index Fund. While I feel that this may be somewhat more risky than t...
by jsl11
Sat Oct 04, 2014 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Harbor Bond Fund
Replies: 6
Views: 617

Re: Withdrawals in retirement from balanced fund

When you talk about having one or two (or more) years of expenses in cash, don't forget about dividends and interest. If you plan to withdraw 4% annually, your portfolio yield may be about 2%. So, if you withdraw interest and dividends as they are paid, then you only need to withdraw another 2% to m...
by jsl11
Sat Oct 04, 2014 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: Withdrawals in retirement from balanced fund
Replies: 10
Views: 918

Re: HSA and hospital bills - avoiding bogus billing

We have a Medicare Advantage plan. So, all the bills go to the insurance co. The insurance records are itemized. However, we do not get to see the procedure codes. We just get to see cryptic descriptions. So, we have no way of knowing if the billing is accurate. I would challenge any overcharges, bu...
by jsl11
Thu Oct 02, 2014 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA and hospital bills - avoiding bogus billing
Replies: 7
Views: 934

Re: FDIC insurance on CDs when banks merge

IIRC, there is 250K coverage for each POD named on an account. So, if you name 2 POD's, you would have 500K coverage.
Jeff
by jsl11
Thu Oct 02, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: FDIC insurance on CDs when banks merge
Replies: 7
Views: 334

Re: Savings account interest rate increase (!)

A local bank has had a decrease in CD rates. A few months ago, they had a special 49 month CD at 2%. Then they lowered it to 1.75% and then 1.45%. Most recently, they discontinued the special CD altogether. A regular 48 month CD is now 1%.
Jeff
by jsl11
Wed Oct 01, 2014 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings account interest rate increase (!)
Replies: 7
Views: 1426

Re: should participate in employer matches?

I think there is confusion on the percentages. Allow me to elaborate and feel free to contradict. Let's say, your match is 3% and expense ratio is 3%. If your contribution is 3% at 100k, and company match is 3%, that means you contributed 3000 and company contributed 3000 for a totla of $6000. The ...
by jsl11
Tue Sep 30, 2014 2:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: should participate in employer matches?
Replies: 20
Views: 1475

Vanguard Corporate Bond Funds

I am interested in a Vanguard intermediate term corporate bond fund. I find two funds that seem to be very similar, the Intermediate Term Investment Grade Fund, and the Intermediate Corporate Bond Index fund. The index fund has a .25% purchase fee. The expense ratios are similar. Is there an advanta...
by jsl11
Tue Sep 30, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Corporate Bond Funds
Replies: 3
Views: 528

Re: should participate in employer matches?

I think there is confusion on the percentages. Allow me to elaborate and feel free to contradict. Let's say, your match is 3% and expense ratio is 3%. If your contribution is 3% at 100k, and company match is 3%, that means you contributed 3000 and company contributed 3000 for a totla of $6000. The ...
by jsl11
Tue Sep 30, 2014 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: should participate in employer matches?
Replies: 20
Views: 1475

Re: "How Retirement Fees Cost You"

Every 401k has two sets of rules. The IRS rules and the plan rules. The plan rules will state whether or not you can roll money into an IRA. In my experience, you cannot do this if you are under the age of 59.5 while still employed by that company. After 59.5, some plans allow partial rollover and s...
by jsl11
Tue Sep 30, 2014 11:44 am
 
Forum: Investing - Theory, News & General
Topic: "How Retirement Fees Cost You"
Replies: 28
Views: 2841

Re: Can you buy I-Bonds from you Vanguard Acc.?

No. I-Bonds can only be bought directly from the US Treasury Dept.
Jeff
by jsl11
Sun Sep 28, 2014 8:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can you buy I-Bonds from you Vanguard Acc.?
Replies: 2
Views: 454

Re: 'Play Money' - why 5%?

I would suggest that 5% is just a "rule of thumb". It is large enough to not be trivial, but small enough to not have a major impact on your portfolio if things go terribly wrong.
Jeff
by jsl11
Sun Sep 28, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: 'Play Money' - why 5%?
Replies: 42
Views: 1650

Harbor Bond Fund

The breaking news about Bill Gross also affects Harbor Bond Fund. This is a no-load bond fund that has been managed by Bill Gross since its inception. Mr. Gross leaving PIMCO also means that he is leaving Harbor Bond. Should an investor in this fund 1. Sit tight? 2. Wait a short time and then get ou...
by jsl11
Fri Sep 26, 2014 11:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Harbor Bond Fund
Replies: 6
Views: 617

Re: New kitchen cabinets or new doors?

I would suggest that if you put in new cabinets, you would not get 20K to 30K more for your house when you sell. A nicer looking kitchen will increase the value of your house. However, the new doors will accomplish most the value increase, and save you 15K to 25K.
Jeff
by jsl11
Wed Sep 24, 2014 3:38 pm
 
Forum: Personal Consumer Issues
Topic: New kitchen cabinets or new doors?
Replies: 28
Views: 1823

Re: What should one pay for a student cello?

When my daughter was taking music lessons, her teacher recommended an mail order music supply company called "Woodwind and Brasswind". You may wish to review their web site at http://www.wwbw.com. They also handle string instruments. It has been a long time since I dealt with them, but I a...
by jsl11
Wed Sep 24, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: What should one pay for a student cello?
Replies: 10
Views: 720

Re: What should one pay for a student cello?

Often, if an instrument is rented, the rental payments can apply to the purchase of the instrument at the end of the rental period. So, if the student wishes to continue, the rental payments are not lost. However, if she loses interest, no further investment is needed.
Jeff
by jsl11
Wed Sep 24, 2014 2:35 pm
 
Forum: Personal Consumer Issues
Topic: What should one pay for a student cello?
Replies: 10
Views: 720

Re: Social Security question

To put it mildly, others are so much more "in the know". That said, and since sscritic is MIA these days, one might consider a trip to the local S/S office with these queries. Mind you, despite all the comments about long waits and such, if you make an appointment, it's not a huge issue. ...
by jsl11
Wed Sep 24, 2014 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 5
Views: 868
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