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Re: POLL: why carry cash?

In short, I feel that using credit cards almost exclusively gives me a much better feel for my spending than I would have if I had significant cash expenditures. I realize that I could be keeping receipts for cash transactions and tracking them too, but honestly I'm too lazy to do that. I use Quick...
by prudent
Tue Apr 22, 2014 6:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 225
Views: 7543

Re: Q&A with the Experts at 2014 Bogleheads Conference

There seems to be increasing reluctance on the part of companies to offer self-directed brokerage accounts within 401k plans, due to fear of repercussions from investors making bad choices (e.g., "nobody told me that junk bonds were risky, why did you let me do that?"). The Dept of Labor i...
by prudent
Tue Apr 22, 2014 1:19 pm
 
Forum: Investing - Theory, News & General
Topic: Q&A with the Experts at 2014 Bogleheads Conference
Replies: 4
Views: 645

Re: FORUM REACHES 2,000,000 POSTS TODAY

Congratulations to all contributors and readers! Special thanks to the organizers and moderators! Victoria My sentiments exactly! The membership here is amazingly helpful. And I hope people appreciate the work of the mods, site owners and also the wiki contributors who carry on the mission started ...
by prudent
Tue Apr 22, 2014 1:04 pm
 
Forum: Forum Issues and Administration
Topic: FORUM REACHES 2,000,000 POSTS TODAY
Replies: 52
Views: 1612

Re: POLL: why carry cash?

sscritic wrote:I am curious. Who is going to drop their credit card into the collection plate on Easter Sunday? I know I am not leaving my card with those people.


They get checks - so I have proof of payment for the tax deduction.
by prudent
Sat Apr 19, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 225
Views: 7543

Re: POLL: why carry cash?

I use cash at locally-owned stores and restaurants as most of my purchases there are under $30. Just trying to save them a little money on the processing fees. I also tip in cash even if I pay with credit (I don't use a debit card). For larger purchases at places where you can negotiate, cash can im...
by prudent
Sat Apr 19, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 225
Views: 7543

Re: Amazon.com prices change quickly

I use camelx3 to monitor prices for tax software starting around New Year's. Never had a problem with spam.
by prudent
Fri Apr 18, 2014 9:16 pm
 
Forum: Personal Consumer Issues
Topic: Amazon.com prices change quickly
Replies: 53
Views: 4741

Re: Amazon.com prices change quickly

Many sites use "dynamic pricing," and that doesn't mean adjusting prices based on what other sites are charging. People have come to expect that when shopping for plane tickets, but not when buying goods online. Some offer lower prices to first-time visitors (i.e. there is no existing cook...
by prudent
Fri Apr 18, 2014 8:57 pm
 
Forum: Personal Consumer Issues
Topic: Amazon.com prices change quickly
Replies: 53
Views: 4741

Re: Quicken 2014 opinions wanted

even to just download quotes, quicken makes you reenter your user id/password every couple of weeks. FWIW, I've been using 2014 for a couple months and download quotes most days that the market is open, and I have never been prompted once to reenter my Intuit ID and password. Perhaps there some set...
by prudent
Fri Apr 18, 2014 2:49 pm
 
Forum: Personal Consumer Issues
Topic: Quicken 2014 opinions wanted
Replies: 47
Views: 1585

Re: Trouble with Financial Engines Account?

I haven't looked at our FE data for a long time, but just tried it now and it was working and had current values.
by prudent
Fri Apr 18, 2014 11:10 am
 
Forum: Investing - Theory, News & General
Topic: Trouble with Financial Engines Account?
Replies: 16
Views: 1491

Re: Quicken 2014 opinions wanted

I use 2014 and only upgraded from 2011 because I would have lost the ability to download transactions. I don't use the mobile feature as I'm not comfortable with my data in the cloud. So I compromise on my ability to track expenses - what I spend in cash (which isn't that much), I don't track. I als...
by prudent
Fri Apr 18, 2014 11:06 am
 
Forum: Personal Consumer Issues
Topic: Quicken 2014 opinions wanted
Replies: 47
Views: 1585

Re: When to terminate an irrevocable trust?

Sorry. Yes, I am the trustee. I CAN terminate it anytime. My question is SHOULD I. What are the pros and cons of leaving the funds in the trust vice terminating the trust and shifting the funds to a Vanguard account? As trustee, are you not free to manage the trust assets as you see fit? Can you no...
by prudent
Wed Apr 16, 2014 7:09 am
 
Forum: Personal Finance (Not Investing)
Topic: When to terminate an irrevocable trust?
Replies: 11
Views: 774

Re: When to terminate an irrevocable trust?

Who is the trustee? The trustee calls the shots within the boundaries of the trust document.
by prudent
Tue Apr 15, 2014 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to terminate an irrevocable trust?
Replies: 11
Views: 774

Re: The slackening...

Not that I'm hugely successful, but I do worry about my children having too much. While I don't want my kids to have ti wiggle the coat hanger antenna on the 13 inch B&W TV every 5 minutes like I did growing up, I want them to be able to persevere and withstand some hardship (or inconvenience) ...
by prudent
Sun Apr 13, 2014 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 61
Views: 6555

Re: Bannability Index

Wouldn't it be possible some posts to vanish because the entire thread was nuked, not simply one post? That shouldn't reflect badly on someone who replied.
by prudent
Sat Apr 12, 2014 9:32 am
 
Forum: Forum Issues and Administration
Topic: Bannability Index
Replies: 10
Views: 745

Re: Online Retirement Calculators

The wiki list is very comprehensive. I think it's important to understand the "how" of what the calculator will report because putting the same data into different calculators will give wildly different outcomes. That's a frustrating thing, and especially so for people who might happen to ...
by prudent
Sat Apr 12, 2014 9:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Online Retirement Calculators
Replies: 17
Views: 1711

Re: Getting over huge mistakes

My goodness, you are being far too hard on yourself. It's not like you took the family nest egg and bet it all on a horse that didn't show. You aren't living paycheck to paycheck. You aren't drowning in debt. I think you're probably in the top 25% of people your age. Yes, some things could have been...
by prudent
Wed Apr 09, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting over huge mistakes
Replies: 30
Views: 3312

Re: Losing job-financial advice

If relocation is possible, keep track of all job search expenses in case you reach the threshold (2% of AGI) where you can deduct some of them (and possibly bundle in some other expenses that count towards the 2% of AGI number.
by prudent
Wed Apr 09, 2014 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Losing job-financial advice
Replies: 18
Views: 1909

Re: Being a trustee for a friend's estate

I thought when the OP said "estate" it meant he was to act as executor. If the attorney had the OP sign documents to become a trustee of a trust that exists now, without any discussion/explanation about what it entails, then shame on that attorney.
by prudent
Tue Apr 08, 2014 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Being a trustee for a friend's estate
Replies: 14
Views: 1167

Re: Being a trustee for a friend's estate

You're of course free to say no, but you should not need to bear any out-of-pocket costs to serve as executor (I assume that's the role you're referring to). You should absolutely get legal help for performing those duties when the time comes. As executor, you pay for that using funds in the estate ...
by prudent
Tue Apr 08, 2014 8:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Being a trustee for a friend's estate
Replies: 14
Views: 1167

Re: Do I take the separation package offer?

52 weeks of work vs. 46 weeks (38 weeks in offer + 2 months sabbatical) paid not-working, and money is not an issue? I couldn't say yes to that offer fast enough.
by prudent
Tue Apr 08, 2014 7:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 52
Views: 4898

Re: Umbrella Policy, do you have hands on experience

Our umbrella policy excludes: - intentional acts, business pursuits, professional services - pollutants or underground fuel storage tanks - racing - communicable diseases - war, terrorism or nuclear weapons - loss assessment by an HOA - mold, fungus, dry rot, bacteria - sexual molestation, physical/...
by prudent
Sun Apr 06, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy, do you have hands on experience
Replies: 15
Views: 1636

Re: is this a scam green dot card

Here's my take. It's a scam. They hope you'll load some money on the card, and since the scammer already has the card numbers, they can drain it immediately.
by prudent
Sat Apr 05, 2014 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unsolicited Green Dot Card
Replies: 6
Views: 795

Re: Two Apartments, One FiOS Account

For browsing and email, you'll need tethering.
For media consumption, you could use cloud storage.
by prudent
Fri Apr 04, 2014 8:10 am
 
Forum: Personal Consumer Issues
Topic: Two Apartments, One FiOS Account
Replies: 15
Views: 1183

Re: Private elementary school tuition - any tax breaks?

I know what you can't do. :) My "genius" cousin approached the admin of his kid's private school and said he wanted to pay the school tuition as a "contribution" but wanted the admin to treat it as the tuition payment, so my cousin could deduct the tuition from his income tax. Th...
by prudent
Wed Apr 02, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Private elementary school tuition - any tax breaks?
Replies: 11
Views: 841

Re: "Investing" in gift cards

One reason you see people paying over face value for gift cards on ebay is that the buyer is using a stolen credit card, so price isn't really an issue. Once the gift card is delivered, there's not much that can be done, other than to claw back the funds from the innocent ebay seller. We don't "...
by prudent
Wed Apr 02, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Investing" in gift cards
Replies: 32
Views: 2645

Re: Advice on cell phone plans:

Do you need it to work nationwide? How many talk minutes a month do you both need? Do you want a smartphone and data plan? Is a prepaid phone OK?
by prudent
Wed Apr 02, 2014 3:06 pm
 
Forum: Personal Consumer Issues
Topic: Advice on cell phone plans:
Replies: 5
Views: 902

Re: Frugal Fatigue

How do Bogleheads handle the times when they feel that they are missing out on life by saving so much? I would have a hard time saving like we do if I felt like I was missing out. We live the lifestyle we enjoy and fortunately for us it is a frugal one. We do splurge sometimes and do not regret it....
by prudent
Sat Mar 29, 2014 12:28 pm
 
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 9821

Re: The least productive post ever

1.6 feels right to me as a rule of thumb, but it could easily go in either direction for specific circumstances. It's easy to conjure up scenarios at either extreme. Very high fixed costs (live on a high-maintenance giant estate, big mortgage, high property taxes, high income taxes) but a very fruga...
by prudent
Tue Mar 25, 2014 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: The least productive post ever
Replies: 18
Views: 1681

Re: Buying new phone outright vs 2 yr contract + ETF

I'd like to plant you here in our remote rural area surrounded by mountains and let you find me a cheap plan for 1/10 of what I'm paying now. Not an obstacle in any way. You have been captured by Verizon and Apple marketing. There are a number of MNVOs that use Verizon's network, and many perfectly...
by prudent
Fri Mar 21, 2014 12:17 pm
 
Forum: Personal Consumer Issues
Topic: Buying new phone outright vs 2 yr contract + ETF
Replies: 45
Views: 1883

Re: question about gold/silver storage

Some recommend putting them along with a packet of silica gel in a Ziploc bag, then storing in a bank safe deposit box. But you have to get your own insurance on the SDB contents, the bank does not insure anything.
by prudent
Sun Mar 16, 2014 7:37 pm
 
Forum: Personal Consumer Issues
Topic: question about gold/silver storage
Replies: 26
Views: 1435

Re: Money issues - people take me for granted

Sadinvestor, while this approach wouldn't work for you, your story triggered a memory. Years ago, when I gained some national notoriety for some work I was doing, my accountant, who also worked with a lot of actors and rock musicians, asked me to come to his office. "Now that you've made a nam...
by prudent
Mon Mar 10, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Money issues - people take me for granted
Replies: 74
Views: 4934

Managing physical checks after mobile deposit

What are you doing with the physical checks after using mobile deposit? One of our banks which just began offering mobile deposit says keep them for 60 days then destroy. Our credit union says keep for 6 months(!). I checked into what at other banks say - some say 5 days, some say two weeks... it se...
by prudent
Fri Mar 07, 2014 8:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Managing physical checks after mobile deposit
Replies: 7
Views: 620

Re: Will this affect your Tipping?

Going back to the original topic of forcing people to actively turn down a tip, this reminds me of all those stores where at checkout they ask you if you would like to donate a dollar to some charity. While the money might be going for a good cause, my view is that it's rather tacky to put your cus...
by prudent
Thu Mar 06, 2014 2:32 pm
 
Forum: Personal Consumer Issues
Topic: Will this affect your Tipping? [Suggested Tip Amounts]
Replies: 123
Views: 7562

Re: Will this affect your Tipping?

I always carry some cash so I can tip in cash (other than the rare high-end meal where I would miss the 2% cash back). So for me this would not change my behavior - I tend to click/tap/write "no tip" as a reflex. Although I find it irritating that places want to force-feed you a suggested ...
by prudent
Wed Mar 05, 2014 4:45 pm
 
Forum: Personal Consumer Issues
Topic: Will this affect your Tipping? [Suggested Tip Amounts]
Replies: 123
Views: 7562

Re: "Gold to tank in 2014: Goldman Sachs"

OK, so Goldman is short gold. They then say it will go down. So lemmings drive the price down. Goldman then goes long. Think about it. These guys are there to make money. The secondary corporate mission is to make money and harm others in the process. The third mission is to avoid jail. Why anybody...
by prudent
Mon Mar 03, 2014 2:17 pm
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 94
Views: 6836

Re: How Much of Tax Refund Do You Save/Spend..??

I've never been good at tweaking withholding to end up at a near break-even point, so I do end up with a refund. I don't allocate it to anything in particular, it all goes into savings.
by prudent
Sun Mar 02, 2014 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much of Tax Refund Do You Save/Spend..??
Replies: 68
Views: 2428

Re: CPA does Trust tax return - can I do the K-1s?

To clarify, this is the first year of the trust, so this is the first year that the 1041 and K-1s will be prepared. The accounting firm told me they would be preparing the 1041. They have all the necessary information now but I have not received anything back yet. I didn't know that doing the 1041 a...
by prudent
Sun Mar 02, 2014 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: CPA does Trust tax return - can I do the K-1s?
Replies: 15
Views: 626

Re: CPA does Trust tax return - can I do the K-1s?

The K-1 is a form that is part of the trust tax return. You can't separate the two. There is no way the K-1 can be prepared alone. You might be able to prepare the 1041 yourself in future years, but then again you may not have the proper skill to do so. Bruce Thank you. I suppose all I need to do t...
by prudent
Sat Mar 01, 2014 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPA does Trust tax return - can I do the K-1s?
Replies: 15
Views: 626

CPA does Trust tax return - can I do the K-1s?

Due to family connections, a very high-priced accounting firm is doing the tax return for a trust that I am trustee of. It's the first year of the trust. I've never seen a K-1 and neither have the beneficiaries. What are the chances I can accurately prepare the K-1 forms for the beneficiaries after ...
by prudent
Sat Mar 01, 2014 8:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPA does Trust tax return - can I do the K-1s?
Replies: 15
Views: 626

Re: KissTrust--trust accounts for the middle class?

Visiting kisstrust.com using the IE 8 browser, their website will only display a message that I need to upgrade my browser. First website I've ever encountered that does not accomodate IE 8 at all. I've had some not work perfectly, but never a site that essentially blocks content from IE 8. On my iP...
by prudent
Mon Feb 24, 2014 9:12 am
 
Forum: Personal Finance (Not Investing)
Topic: KissTrust--trust accounts for the middle class?
Replies: 30
Views: 9692

Re: How much to replace a watch battery?

I didn't think of it when I first replied to this thread, but seeing it a second time (second? time? get it? :) ) brought to mind the story of the 7-year-old boy and his mother walking past a kiosk at the mall that had a sign "Watch batteries replaced $5". The boy said to the mom, "Wh...
by prudent
Fri Feb 21, 2014 10:07 pm
 
Forum: Personal Consumer Issues
Topic: How much to replace a watch battery?
Replies: 59
Views: 11164

Re: The Estate lawyer cost us big

I don't know about specifying a fixed low executor fee. What if nobody wants to handle the duties responsibly for that amount? Here's an example. Years ago, a relative had a very large collection of buttons, and passed away. Her executor, her daughter, knew the buttons were collectible and had value...
by prudent
Fri Feb 21, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Estate lawyer cost us big
Replies: 109
Views: 8898

Re: FORUM'S UPCOMING 7TH BIRTHDAY

Those are amazing statistics!

A big tip o' the prudent hat to the founders, those who operate the board, the mods, and the tremendous contributions of the membership. There are few opportunities to make a great impact on someone's long-term financial health, and this board achieves that.
by prudent
Wed Feb 12, 2014 10:20 pm
 
Forum: Investing - Theory, News & General
Topic: FORUM'S UPCOMING 7TH BIRTHDAY
Replies: 23
Views: 1346

Re: Layed off and now retiring. Need advice...

How did you get the Social Security estimate? On their site they do have a benefits estimator but I believe it assumes you will earn what you earned the previous year until you reach full retirement age.
by prudent
Sun Feb 09, 2014 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Layed off and now retiring. Need advice...
Replies: 65
Views: 7340

Re: Umm....anyone else notice aggressive new online ads?

I don't see them, so I suspect you have some malware on your computer.
by prudent
Sun Feb 09, 2014 8:03 pm
 
Forum: Personal Consumer Issues
Topic: Umm....anyone else notice aggressive new online ads?
Replies: 14
Views: 1002

Re: A $1000 lesson on how manipulative salespeople can be?

I kept saying "I can't afford anything right now because Never give reasons, never make excuses, never try to justify your decision . That just gives them something to work with: "Oh, we can fix that, see how clever we are, don't you think you owe us something for doing this for you?"...
by prudent
Sun Feb 09, 2014 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: A $1000 lesson on how manipulative salespeople can be?
Replies: 70
Views: 8006

Re: Financial Advisor - This good so far?

Has the advisor asked you what your risk tolerance is? What your goals for the funds are? What did you tell her?
by prudent
Wed Feb 05, 2014 7:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor - This good so far?
Replies: 46
Views: 2504

Re: Do any of you use a Rewards Checking Account? Emergency

I have considered it from time to time but since I'm rarely in a store, meeting the 10-15 debit card purchase per month requirement is beyond what I know I could pull off. So i have not pursued it. If I was in a position to meet the debit card purchase requirement without any hassle, I'd jump on tha...
by prudent
Tue Feb 04, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do any of you use a Rewards Checking Account? Emergency Fund
Replies: 8
Views: 511

Re: Buying the most expensive house you can afford

We were nearly belittled by our agent when we gave him our price range. "You'll be approved for 30% more than that, and you'll be glad you got a much nicer home. I would feel like I'm not doing the best I can for you if I don't try to get you the nicest home possible, a home you can love and en...
by prudent
Mon Feb 03, 2014 9:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying the most expensive house you can afford
Replies: 101
Views: 7594

Re: BOGLE BOBBLEHEAD AUCTION

Congrats jjbiv, masterful snipe. :)
by prudent
Fri Jan 31, 2014 8:28 pm
 
Forum: Investing - Theory, News & General
Topic: BOGLE BOBBLEHEAD AUCTION
Replies: 37
Views: 2835
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