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Re: New 2% cash back Mastercard from Citi

I think another reason they split the 2% into 1% on purchases and 1% on payments (besides delaying the payout) is just for marketing/hype purposes - i.e. "the ONLY card that pays you cashback on your payments! It's DOUBLE cash!" What is the mechanism to redeem the cash back rewards for thi...
by prudent
Fri Aug 29, 2014 7:14 am
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 53
Views: 4653

Re: Inheritance to be held in expensive trust for ~10 years

Am I the only one who is shocked that there is a 1.75% fee to disburse funds? I don't think I have ever heard of such a thing.
by prudent
Wed Aug 27, 2014 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance to be held in expensive trust for ~10 years
Replies: 36
Views: 4255

Re: Thoughts on USAA?

When my father joined USAA, he saved a ton on his car insurance. I joined through his membership, but my quote was higher than what I already had. It's a YMMV. However, I do use their corporate code/discounts for car rentals because USAA has a deal to provide insurance on the car rental with certain...
by prudent
Mon Aug 18, 2014 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on USAA?
Replies: 24
Views: 1964

Re: Your biggest "Missed Money" event that still kills you?

I quit looking back at missed opportunities because my brain kept messing with me. - Look, prudent, THIS situation is JUST like that other one! - And you messed it up that time - So don't do what you did before I have to look at each decision with a fresh eye or I pollute my thinking by comparing to...
by prudent
Mon Aug 18, 2014 1:26 pm
 
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 102
Views: 7953

Re: Spouse not ready to cut ties with financial advisers

No suggestions I could offer would be enough to overcome the fact that they are personal friends. It's two against one. However, if I was going to say something, I would hammer the point about how accounts with different goals all have the same asset mix (you do mean not only do they hold the same f...
by prudent
Sat Aug 16, 2014 8:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 111
Views: 8502

Re: How would the super wealthy use Credit Unions?

I would doubt anyone keeps $100 million in cash. Most would be invested somewhere. And banks have the same insurance limit as CUs - banks are insured by FDIC, most CUs by NCUA. And to avoid exceeding the insurance limit they can use CDARS (but through banks, not CUs) which spreads deposits across mu...
by prudent
Sat Aug 16, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would the super wealthy use Credit Unions?
Replies: 11
Views: 1456

Re: Do Super wealthy have access to different investing vehi

Yes, they have access to investments that you and I don't. However, that does not automatically equate to BETTER investments. Most investments that are only open to high net worth individuals are higher risk.
by prudent
Fri Aug 15, 2014 9:45 pm
 
Forum: Investing - Theory, News & General
Topic: Do Super wealthy have access to different investing vehicles
Replies: 76
Views: 6265

Re: Lifestyle Creep

I have no opportunity for lifestyle creep! She wants nothing, no aspirations to a bigger house, newer car, any jewelry, clothes... nothing. She's said she'd be happy living in a trailer if it meant I could retire early. She's said we already have so much beyond what she needs (and that's with a pret...
by prudent
Fri Aug 15, 2014 10:43 am
 
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 22
Views: 2645

Re: Lipitor at Costco with Membership

Generic Lipitor is free at a local supermarket's pharmacy, up to a 90 day supply. Is generic an option for you (even if you can't get it free)?
by prudent
Wed Aug 13, 2014 6:08 pm
 
Forum: Personal Consumer Issues
Topic: [Low cost] Lipitor
Replies: 13
Views: 1556

Re: Reticient sibling [Dispute over execution of trust]

I am a trustee and was there when the trust was drafted and signed by the grantor. No beneficiaries signed any part of the trust. Since the trust was established, I make yearly distributions to the beneficiaries and they don't have to sign anything nor have I ever asked them to. The trust says I (as...
by prudent
Tue Aug 12, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2985

Re: Where do you buy clothes?

I also hate shopping so buying new clothes only happens when she says enough is enough, we're going to get you some clothes. Kohl's mostly, Macy's for work clothes. When Nordstrom's opened here there was a lot of buzz about what a great store it was, but when I went in and saw the prices I knew I wo...
by prudent
Mon Aug 11, 2014 5:50 am
 
Forum: Personal Consumer Issues
Topic: Where do you buy clothes?
Replies: 105
Views: 9105

Re: Your Favorite charity organization...? please

I don't think anyone's mentioned DonorsChoose - support public school classroom projects in your local area. Great charity, IMO. (Also, a shout out to Beagle Freedom Project ; rescuing beagles from research laboratories and finding them homes...) Just checked out DonorsChoose. Looks to be a great w...
by prudent
Mon Aug 11, 2014 5:39 am
 
Forum: Personal Consumer Issues
Topic: Your Favorite charity organization...? please
Replies: 91
Views: 4201

Re: Getting my electric supplied by Agway?

Thumbs down if all they have to show is the history of the teaser rate - that's useless. I guess you can call and ask what the rate is after the one month intro. We had some third-rate suppliers in PA that raised their rates to insane levels last winter after the short fixed price period expired. Bu...
by prudent
Sat Aug 09, 2014 8:22 pm
 
Forum: Personal Consumer Issues
Topic: Getting my electric supplied by Agway?
Replies: 4
Views: 325

Re: Getting my electric supplied by Agway?

Many suppliers have a teaser rate that can change after some period of time, check for that. Since you can tell that their rates over time have been low, I'd be comfortable with switching. Look at fees for switching to someone else and if you are locked in to a contract for a period of time. We've h...
by prudent
Sat Aug 09, 2014 7:47 pm
 
Forum: Personal Consumer Issues
Topic: Getting my electric supplied by Agway?
Replies: 4
Views: 325

Re: Riding the Rails--my Amtrak trip

Really enjoying the descriptions of your train travels. :sharebeer
by prudent
Fri Aug 08, 2014 8:58 pm
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 78
Views: 9149

Re: Poll - Do you use Quicken?

I've noticed that my fairly large quicken file (have transactions going back to the 90's) is starting to take a longer time to load and process downloaded updates and whatnot. Anyone know of performance tweaks I can do without purging older data? Here's some information from Intuit: https://quicken...
by prudent
Fri Aug 08, 2014 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 85
Views: 5087

Re: Your Favorite charity organization...? please

I like local small charities... the local Boys and Girls club, the local Library, the local community swimming pool, the local raptor rehab center...where you know your gift will make a difference in the place you've chosen to live. your last days. This is the position we have adopted as well for o...
by prudent
Fri Aug 08, 2014 12:28 pm
 
Forum: Personal Consumer Issues
Topic: Your Favorite charity organization...? please
Replies: 91
Views: 4201

Re: Attitudes toward inheritances.

brainstem wrote:For those planning or potentially sharing an estate with other family members -- a great book is Beyond the Grave --- reviews all sorts of unintended pitfalls and bad dynamics associated with estates. An easy but useful read


Agreed! It was a real eye-opener.
by prudent
Fri Aug 08, 2014 9:02 am
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9437

Re: Donate goods purchased with FSA account?

They would have some cost basis, wouldn't they? The FSA money came from the employee, it just wasn't subject to federal income tax.
by prudent
Thu Aug 07, 2014 2:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donate goods purchased with FSA account?
Replies: 12
Views: 827

Re: Intro and a question

Why do you reference the stressful job situations? Do you expect something to change - wife quits or one of you change to a lower paying job? Would that affect your investing plan?
by prudent
Wed Aug 06, 2014 8:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Intro and a question
Replies: 6
Views: 778

Re: Attitudes toward inheritances.

Awesome story, ResearchMed. :) My father's family had only one person with any money - his aunt in Florida. She had mentioned to my father more than a couple times that when the time came there would be about a million split between him and 4 others, so he knew to follow up with the executor. The au...
by prudent
Tue Aug 05, 2014 8:43 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9437

Re: Amazon.com prices change quickly

I'm following up to my earlier post in the thread about dynamic pricing to elaborate a little on how incredibly dynamic "dynamic pricing" is on certain items. I received a copy of a study done on price changes at certain e-tailers. In a one-week period in May, Sears changed prices on over ...
by prudent
Tue Aug 05, 2014 4:03 pm
 
Forum: Personal Consumer Issues
Topic: Amazon.com prices change quickly
Replies: 59
Views: 7561

Re: Automatic PCRA investment

In our non-Schwab 401k the equivalent option is called an "Self-directed Brokerage Account" (SDBA). New contributions can only go into the options in the core account. To get the funds into the SDBA, we have to transfer funds out of one or more investments in the core account over to the S...
by prudent
Tue Aug 05, 2014 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Automatic PCRA investment
Replies: 11
Views: 582

Re: average American eats out 203 times per year

I'm more than double that just counting breakfast and lunch at work every workday.
by prudent
Tue Aug 05, 2014 1:30 pm
 
Forum: Personal Consumer Issues
Topic: average American eats out 203 times per year
Replies: 105
Views: 6409

Re: ? Best simple reference to dissuade a day trader

Where are the day traders' yachts? Heck, parade those winners in front of the typical audience that attends the typical get-rich-quick seminar and you couldn't keep the DVDs and books in stock. Seems crazy that hucksters are pushing "get rich in real estate" or MLM programs when they can b...
by prudent
Mon Aug 04, 2014 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 4273

Re: HELP! Budget Out of Control

Set40 wrote:The life insurance listed includes 3 term policies and 1 whole life which costs us $18/month


Doesn't seem right to me that 3 term policies at your age can cost $275 a month. That seems extremely expensive. I would look at that first because it could be meaningful savings with zero sacrifice.
by prudent
Mon Aug 04, 2014 9:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELP! Budget Out of Control
Replies: 47
Views: 3657

Re: What to tell friends who think "it's all a scam"

I wonder if he has a pension plan, and knows how that money is invested.
by prudent
Mon Aug 04, 2014 8:41 pm
 
Forum: Investing - Theory, News & General
Topic: What to tell friends who think "it's all a scam"
Replies: 64
Views: 5691

Re: What to tell friends who think "it's all a scam"

I've only known one person with that attitude, and over time I came to understand it was because he spent every dime he took in and some. It was easier to say investing was a scam than to admit he was terrible at managing his money. It was a way to convince himself that not investing was a choice.
by prudent
Mon Aug 04, 2014 3:12 pm
 
Forum: Investing - Theory, News & General
Topic: What to tell friends who think "it's all a scam"
Replies: 64
Views: 5691

Re: Savings Account

I just want to be sure that I will be maximizing returns and at the same minimizing taxes. I understand the desire to keep taxes low, but don't let the tax tail wag the investing dog. You don't mention the size of your current tax-deferred/exempt investments, but you don't want to put so much in mu...
by prudent
Mon Aug 04, 2014 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Savings Account
Replies: 10
Views: 1091

Re: High School Reunions--Have you attended?

Haven't attended any and really doubt I ever would. I did not stay in touch with anyone from my class after HS graduation. It would be like attending a party full of strangers which doesn't really appeal to me.
by prudent
Sun Aug 03, 2014 2:34 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5082

Re: How to admit/should I admit alcohol problem to employer

Thanks for the update and great to hear things are looking up for you! I had to limit myself to two drinks when out with friends, but after two I switched to Pepsi, it did not affect having a good time.

Wishing you continued success!
by prudent
Sat Aug 02, 2014 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to admit/should I admit alcohol problem to employer
Replies: 111
Views: 13254

Re: 4 Simple Rules for Retirement Saving

Did anyone run their retirement calculator? I tried it and it said we are already done with retirement savings and can just let our current portfolio ride. Comforting thought that I can only replicate under optimistic scenarios. The VOX retirement calculator doesn't provide information on any of th...
by prudent
Sat Aug 02, 2014 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: 4 Simple Rules for Retirement Saving
Replies: 14
Views: 3096

Re: Retirement planning questions

Here's a wiki article about tax-adjusted asset allocation: http://www.bogleheads.org/wiki/Tax-Adjusted_Asset_Allocation
And one about principles of tax-efficient fund placement: http://www.bogleheads.org/wiki/Principles_of_tax-efficient_fund_placement
by prudent
Sat Aug 02, 2014 8:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement planning questions
Replies: 5
Views: 731

Re: Refinance mortgage to save?

What is the interest rate on the 15 year and the on the 30 year? When you say your social security "share" goes into an account you own, are you saying your employer puts 6.2% of your salary into that account, and nothing is deducted from your pay? And your retirement payment will be based...
by prudent
Sat Aug 02, 2014 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage to save?
Replies: 11
Views: 852

Re: Retirement planning questions

What do you want to benchmark? Are you going to change your investments based on how you are doing vs. some benchmark? I hope not. You can only tax loss harvest in a taxable account. Losses in your tax-deferred accounts do not affect your taxes. Yes, absolutely consider taxes when rebalancing! Rebal...
by prudent
Sat Aug 02, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement planning questions
Replies: 5
Views: 731

Re: Should I close this credit card with Annual fee

Yes, ask for a product change to a no-annual-fee card.
by prudent
Sat Aug 02, 2014 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I close this credit card with Annual fee
Replies: 20
Views: 1981

Re: Risk Averse Start

We both grew up with a small town work ethic, not much monetary education from our parents, high schools and universities that left all this out, and had been impressed with the mindset of "I will work for X company, who will in turn responsibly take care of my retirement future." Now tha...
by prudent
Sat Aug 02, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Start
Replies: 28
Views: 2042

Re: SUV tires

I use the reviews on tirerack.com. Pretty comprehensive.
by prudent
Sat Aug 02, 2014 3:53 pm
 
Forum: Personal Consumer Issues
Topic: SUV tires
Replies: 17
Views: 1241

Re: Risk Averse Start

I don't think it was sarcasm, it was that you mentioned utility stocks, brokered CDs, TIPS and gold which seem like overly complex for someone just starting out. No worries, though. :) Where are your 403b funds being invested? Does your wife have any tax-deferred options available through her employ...
by prudent
Sat Aug 02, 2014 2:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Start
Replies: 28
Views: 2042

Re: Initial Vanguard Investment Help

Are you able to invest your funds in tax-deferred accounts?
by prudent
Sat Aug 02, 2014 10:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Initial Vanguard Investment Help
Replies: 10
Views: 691

Re: Trust for Daughter

bsteiner is the man on these issues.
by prudent
Fri Aug 01, 2014 2:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trust for Daughter
Replies: 13
Views: 1051

Re: ? Best simple reference to dissuade a day trader

In my experience, you can't argue with a gambler who is iron-clad certain he/she has a "system". Put the shoe on the other foot - if he tried to convince you that YOUR "system" didn't work, you wouldn't listen, because you are convinced it does. If Warren Buffett himself told you...
by prudent
Fri Aug 01, 2014 12:38 pm
 
Forum: Investing - Theory, News & General
Topic: ? Best simple reference to dissuade a day trader
Replies: 67
Views: 4273

Re: Trust for Daughter

I don't know why a corporate trustee would be "required" for some reason. I'm not familiar with any such rule. I would suspect their fee is probably going to be over 1%. They may be responsible for handling all taxes and accounting as part of that fee (I would value that at around $2,000 a...
by prudent
Fri Aug 01, 2014 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trust for Daughter
Replies: 13
Views: 1051

Re: Sam's Club Mastercard Deal

The credit pulls database at creditboards.com indicates they pull Transunion.
by prudent
Fri Aug 01, 2014 9:43 am
 
Forum: Personal Consumer Issues
Topic: Sam's Club Mastercard Deal
Replies: 7
Views: 735

Re: HUFF POST: How Financially Literate Is the Investing Pub

I don't think it's a "one person loses so another person wins" situation. If I jump out of the market prior to a large run-up, my average yearly gain is lower than yours because you stayed in. But you didn't gain at my expense. I wasn't even in the game. Also, think of how many 5% load fun...
by prudent
Thu Jul 31, 2014 9:42 am
 
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 4618

Re: Quick question on Credit Card Interest

In almost all cases, if you do not pay in full, your next bill will reflect one month's interest only on the unpaid balance. But I understand some crappy cards will charge you interest on the full purchase amount until paid in full (I don't believe Discover would do that, though). Also, if you do no...
by prudent
Thu Jul 31, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Quick question on Credit Card Interest
Replies: 10
Views: 923

Re: HUFF POST: How Financially Literate Is the Investing Pub

What I'd like to know is, if the mutual funds investors are losing 4 points, who is getting that 4 points? People holding individual stocks? Institutional investors? Or does some of it go up in smoke to trade costs or tax drag (paying CG tax when swapping funds, for example)? They are losing it bec...
by prudent
Thu Jul 31, 2014 9:28 am
 
Forum: Investing - Theory, News & General
Topic: Huff Post: How Financially Literate Is the Investing Public?
Replies: 52
Views: 4618

Re: Help with a new $5m portfolio for an old lady

I would go with the annuity option and never have to fear volatility. Forget the whole "live off the dividends" thing. I have encountered that personality type before - they love the idea of a higher withdrawal rate, but freak out the second any investment shows a dip in value. At age 82, ...
by prudent
Wed Jul 30, 2014 8:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with a new $5m portfolio for an old lady
Replies: 59
Views: 4474

Re: Goodbye and Good Luck!

Best to you and your family!
by prudent
Tue Jul 29, 2014 7:53 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Goodbye and Good Luck!
Replies: 12
Views: 2564

Re: USAA Homeowners Insurance

Thanks to all for the replies thus far. I recently increased my coverage to take into account a significant renovation/remodeling that is currently underway. However, I am comparing apples to apples in this situation because the new limits went into effect before the the new premiums were determine...
by prudent
Mon Jul 28, 2014 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: USAA Homeowners Insurance Rate Hike
Replies: 10
Views: 2192
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