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Re: Pay down (not off) mortgage?

Regarding the idea of a mortage as a negative bond and how it should affect your AA... If you're going to consider a mortgage as a negative bond, then before you adjust your portfolio, I think you should consider your house as a big undiversified investment in real estate. It produces an "inco...
by sesq
Thu Jul 24, 2014 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay down (not off) mortgage?
Replies: 53
Views: 4824

Re: Best Current Credit Card Bonus for $10k Purchase?

I would imagine whomever is selling the package is happy to do split payments. So get both. Or get both and have your wife get an arrival card also and split the payment 3 ways. More, more, MORE!
by sesq
Thu Jul 24, 2014 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Current Credit Card Bonus for $10k Purchase?
Replies: 14
Views: 1438

Re: Hw many credit cards to own?

How do you keep getting the offers of $ for sign up? I haven't gotten for at least a year. You don't have to wait for them to send you an offer. Just apply with the company directly. Two easy, fairly evergreen offers: Barclay Arrivals, $400 of travel after min spend ($3k?) fee waived first year. Ch...
by sesq
Mon Jul 21, 2014 6:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 69
Views: 4110

Re: Hw many credit cards to own?

At the moment I have 23 open in my name. I have closed a dozen others in the last couple years.

I get a lot of sign up bonuses.
by sesq
Mon Jul 21, 2014 3:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 69
Views: 4110

Re: Best way to start building wealth as a teenager

The best way to build wealth as a teen is to gather a full understanding of what is a want and what is a need. If you build the habits to learn to live below your means the accumulation of significant wealth will be pretty darn easy. Sadly, that likely means no jet ski's, unless there are jet ski sc...
by sesq
Tue Jul 08, 2014 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to start building wealth as a teenager
Replies: 28
Views: 2329

Re: Water/sewer backup coverage: buy or not?

I liked USAA quite a bit, but I moved Auto, Home and Umbrella and saved about $700/yr, mostly driven by the fact that USAA used a dwelling coverage amount that was 50% more than my house would sell for. I argued with the gal The market price was irrelevant. You are insuring for the cost to rebuild,...
by sesq
Thu Jun 26, 2014 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Water/sewer backup coverage: buy or not?
Replies: 33
Views: 2669

Re: Water/sewer backup coverage: buy or not?

I just switched from USAA to Erie in march. I was quoted $213 for $10K of Sewer backup coverage. I live in PA and had that rider at USAA for like $50. I elected to self insure with Erie. I liked USAA quite a bit, but I moved Auto, Home and Umbrella and saved about $700/yr, mostly driven by the fact ...
by sesq
Tue Jun 24, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Water/sewer backup coverage: buy or not?
Replies: 33
Views: 2669

Re: Bluebird

Be aware that loading BB with prepaid gift cards just got more complicated, yesterday.

So give it a couple days to see how it shakes out before anyone goes out and buys a bunch of cards to load for July. Lots of discussion at Flyertalk.
by sesq
Fri Jun 20, 2014 12:24 pm
 
Forum: Personal Consumer Issues
Topic: Bluebird
Replies: 14
Views: 1652

Re: Two Comma Club!

Congrats. .

That said, your parents divorce and that triggered a $75K gift to their child?

I do like how appreciative (and upfront) you are of the help you've received.
by sesq
Tue Jun 03, 2014 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club!
Replies: 55
Views: 5682

Re: What's the latest in credit card offers?

You will need to wait 8 days between the AA Exec and Hilton Reserve apps. Though while they are handing out the AA Exec cards I would go with that and keep the surpass (I am on #3, will soon apply for #4). Even if you pay the AF on Surpass, they will prorate when you eventually cancel/downgrade.
by sesq
Tue Jun 03, 2014 6:09 pm
 
Forum: Personal Consumer Issues
Topic: What's the latest in credit card offers?
Replies: 8
Views: 1255

Re: Credit card to pay mortgage

opus360 wrote: Too much work going to Walmart.


I am "lucky" in that I drive by one in my commute and in the morning its pretty quiet.
by sesq
Tue Jun 03, 2014 5:48 pm
 
Forum: Personal Consumer Issues
Topic: Credit card to pay mortgage
Replies: 29
Views: 3268

Re: The in-laws are broke!

I am sympathetic to the OP's wife being frozen out of the decision process by older siblings. I am the youngest and it happens to me all the time. This thread is of interest to me since it will happen someday with my in-laws. I can watch all their odd choices and know that one day the call to subsid...
by sesq
Mon Jun 02, 2014 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 16204

Re: Credit card to pay mortgage

Amex Serve or Bluebird are pre-paid cards with billpay (you can't have both). If your vendor is in the database (Pen Fed is not), Evolve Money can be done via purchasing visa/MC debit gift cards.

I use BlueBird. But frankly the mortgage payment a smaller part of my mile printing activities.
by sesq
Mon Jun 02, 2014 3:46 pm
 
Forum: Personal Consumer Issues
Topic: Credit card to pay mortgage
Replies: 29
Views: 3268

Re: 1 Year Bogleheadiversary - Before and After Picture

But on the 1st of each month I come into work early with my coffee, sit down at my desk and update the values of my holdings in my spread sheet (Column F) and with the help of the SMF Add-in all the calculations are done for me. This took a long time to make but it makes everything very easy. You m...
by sesq
Thu May 29, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1 Year Bogleheadiversary - Before and After Picture
Replies: 62
Views: 7130

Re: 1 Year Bogleheadiversary - Before and After Picture

Long post, but worth the read. Great to see so many horrible horrors be vanquished.
by sesq
Wed May 28, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1 Year Bogleheadiversary - Before and After Picture
Replies: 62
Views: 7130

Re: AMT Planning Strategies

Note on the marginal rate: it's not 28%. Every 4 dollars you earn kills one dollar of exemption, which is equivalent to being taxed on one more dollar of income. So your AMT marginal rate is probably 28% + .25 * 28% = 35%. Then add on any state and payroll taxes. In a high tax state, 45% isn't out ...
by sesq
Tue May 27, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: AMT Planning Strategies
Replies: 13
Views: 1342

Re: Who is doing In Plan Roth conversions?

Doing a conversion while still working??? I'm not surprised it is nearly nobody. I had one of the exceptional cases a few years ago, when I had some headroom in the 28% AMT bracket and took advantage of it. I would do it this year as I am in that exact circumstance. But, alas, my plan does not offe...
by sesq
Tue May 27, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who is doing In Plan Roth conversions?
Replies: 35
Views: 2545

Re: When did you tell your children how much you had amassed

My parents are both 78 and they won't tell their kids (ranging from 42 to 52). My father and I both like personal finance and discuss the subject routinely but without specifics. He told me we'd be able to find the papers if something were to happen. I hope my mother is in charge of filing them sinc...
by sesq
Tue May 20, 2014 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: When did you tell your children how much you had amassed
Replies: 135
Views: 10924

Re: Share your networth progression

We're about the same age. Interestingly, my experience up to age 29 and getting to 100K matches yours. No lawsuits though which is why you're first datapoint is 100K higher than what I posted above. And like you, 2008 and 2010 were cruddy for the same reasons...invested fully in the market as a who...
by sesq
Wed May 14, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 97
Views: 13501

Re: Share your networth progression

I have 10 years of data, starting when I was 31 (a year after marriage). Prior to that it was a long slog to $100k at around 28 or 29, then a lawsuit settlement bumped me to ~$200k (sadly the doctors and lawyers made more and I have a lifetime of medical expenses to enjoy). 7.2004 - $257k ye 2004 - ...
by sesq
Tue May 13, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 97
Views: 13501

Re: "Double billing" FSA and HSA?

Is your CPA sure its legit to have the spouse have an FSA with a family HSA (even w/o the double dip)? You may want to limit your expenses to dental/vision if your spend there is sufficient, as it is possible to have a limited use FSA (Dental, Vision only) with an HSA.
by sesq
Sun May 11, 2014 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: "Double billing" FSA and HSA?
Replies: 4
Views: 343

Re: Tell Me I'm Stupid To Consider Quitting My Job and Movin

I'd give yourself the year to decide and in that year be more assertive with your employer to set hours that are fair to you.

What's the worst that happens, they fire you?
by sesq
Thu Apr 24, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 123
Views: 27437

Re: Newly Widowed, what to do with the life insurance money.

Very sorry for your loss. I would encourage you to be quiet about the life insurance money and distrustful of kind offers to help. I support the idea to park it in your high yield account, and then when you are ready, come back here to learn about investments. Its really not that hard when you have ...
by sesq
Thu Apr 17, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3703

Re: The slackening...

This is personal because I see in my daughter a fair amount of ennui. I do not consider that we spoil her, and she is only seven I loved this, and have felt this about my 8 year old. I also know I inflicted this upon my parents, as I was always tough to motivate. So far so good for me, and I watche...
by sesq
Wed Apr 16, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 61
Views: 7904

Re: Your thoughts on vacation home or second home

I used to live in NH. The beach and the mountains are about 1-2 hours apart. I used to imagine myself in retirement having a beach house and a ski condo. Only I'd rent out the high seasons for each and live in the other during the low seasons. I have since married and I doubt that my wife would be i...
by sesq
Thu Mar 20, 2014 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Your thoughts on vacation home or second home
Replies: 61
Views: 4094

Re: Withdrawal Limit At Capital One Savings Account??

I thought it had to do with the Fed wanting to calculate M-1 and M-3 money supplies where savings accounts were presumed to be long term (could be wrong). I ran into this a couple years ago when I set up multiple savings accounts for my kids at Cap1-360. I set them up to do weekly automatic allowanc...
by sesq
Wed Mar 19, 2014 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Withdrawal Limit At Capital One Savings Account??
Replies: 9
Views: 992

Re: Gas Grill - Natural Gas vs Liquid Propane

We like to grill steaks, pork, burgers, salmon, and occasionally chicken (has been the toughest for me to get right). This is my go to for chicken. I make the rub in quantity since we use it so often and even bought the fancy pan they sell after a while (regular cans are fine too, tallboys aren't n...
by sesq
Tue Mar 18, 2014 5:43 pm
 
Forum: Personal Consumer Issues
Topic: Gas Grill - Natural Gas vs Liquid Propane
Replies: 46
Views: 7250

Re: Paying Taxes Owed Using Credit Card

ajcp wrote:
Ok yea if you want to do that that's fine. But there are no cards that will give say 3% back on income tax payments.


If you live on the west coast (I don't), this one might.

https://www.jcbusa.com/for_consumers/
by sesq
Tue Mar 18, 2014 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying Taxes Owed Using Credit Card
Replies: 10
Views: 1246

Re: Bogleheads Stance on Home Buying

I agree with the comment to think hard about the commute. The cost in time and fuel is not a trifle. If you work 5 days a week, 48 weeks a year a ten minute commute each way is the equivalent to 80 hours (5x48x10x2/60). Admittedly that is a bit less than 1% of the year (365x24 = 8760), but now imagi...
by sesq
Mon Mar 17, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Stance on Home Buying
Replies: 61
Views: 5236

Re: "Getting Real About Retirement"

I personally like the George E.P. Box quote All models are wrong, but some are useful. Hopefully the Boglehead models prove to be the latter. I recently saw this quote along the same lines (probably here): "In preparing for battle I have always found that plans are useless, but planning is ind...
by sesq
Mon Mar 17, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: "Getting Real About Retirement"
Replies: 27
Views: 3253

Re: best cash back credit card

We buy our groceries at Walmart. How does Amex and other class that? We use our discover, but with an avg monthly bill of more than 6K, I wonder if there is a better option. Anyone make a tool that you can plug your spending types in and get a recommendation ? There are a couple out there. If you a...
by sesq
Mon Mar 17, 2014 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 26215

Re: Maximizing bonus on new credit card offers

Curious what types of cards you buy at 7-11? :) Prepaid reload cards and/or debit cards with pins that can be cashed out via money orders or loaded to other services and cashed out. Requires some time and effort, but can be profitable. I didn't think you could use cards with pins on Evolve. I am no...
by sesq
Sat Mar 15, 2014 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Maximizing bonus on new credit card offers
Replies: 25
Views: 1564

Re: Opinions on our situation? Very Long Post!

I think you are in great shape. Feeding the retirement space and killing the loans would be my priorities also. I would go out of my way to make sure you are the model son-in-law to your mother-in-law as the rent she is charging you is a gift and gifts deserve gratitude. But really, all in with a bi...
by sesq
Sat Mar 15, 2014 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Opinions on our situation? Very Long Post!
Replies: 21
Views: 2515

Re: best cash back credit card

One to two PER BANK (rinse and repeat up to quarterly) is considered okay by heavy credit card churners. Just to confirm: I can apply for two different cards on the same day and the applications would not negatively affect one another? Yes. You will most likely have to call the reconsideration line...
by sesq
Sat Mar 15, 2014 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 26215

Re: Maximizing bonus on new credit card offers

tj wrote:
Curious what types of cards you buy at 7-11? :)


Prepaid reload cards and/or debit cards with pins that can be cashed out via money orders or loaded to other services and cashed out.

Requires some time and effort, but can be profitable.
by sesq
Sat Mar 15, 2014 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Maximizing bonus on new credit card offers
Replies: 25
Views: 1564

Re: Maximizing bonus on new credit card offers

In terms of the repeatability of a bonus for a you or your spouse it varies by product and bank. Some can be churned (that's the name for getting a bonus multiple times) several times a year. How do you go about repeating? Call up a card rep and say sign me up again? With some issuers you cancel fi...
by sesq
Sat Mar 15, 2014 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Maximizing bonus on new credit card offers
Replies: 25
Views: 1564

Re: Vested RSU's - I didn't sell them, now what

Be aware your company may have limited windows when you can sell without creating insider trading issues (typically right after earnings release).

My company has an additional incentive to hold after vesting, but I generally liquidate once that period lapses.
by sesq
Sat Mar 15, 2014 9:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Vested RSU's - I didn't sell them, now what
Replies: 16
Views: 1196

Re: Maximizing bonus on new credit card offers

You and your spouse are different people, and both are eligible for as many bonuses as the banks will give. Lots of people have matching cards for bonuses or to get around caps (e.g. BCP has a $6k cap on grocery spend). In terms of the repeatability of a bonus for a you or your spouse it varies by p...
by sesq
Fri Mar 14, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Maximizing bonus on new credit card offers
Replies: 25
Views: 1564

Re: Pre-paying credit card, then taking cash advance?

There are a few credit cards with very attractive bonuses (5% category spend bonuses that can be monitized for less than 5%) where the banks give skimpy lines of credit. Some folks try to turn over the line rapidly and many get their card shut down. A cash advance fee is different than an interest c...
by sesq
Fri Mar 14, 2014 2:34 pm
 
Forum: Personal Consumer Issues
Topic: Pre-paying credit card, then taking cash advance?
Replies: 11
Views: 950

Re: best cash back credit card

Thank you, it sounds interesting, too! Do you know if I should apply for one card at a time, or I could apply for two cards at the same time? Victoria One to two PER BANK (rinse and repeat up to quarterly) is considered okay by heavy credit card churners. Clearly better than quicksilver FIA Cardser...
by sesq
Thu Mar 13, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 26215

Re: Amazon Prime Increase

They initially picked $79 since it was a prime number. I wish they had kept that quirk alive and priced it at $97 (or $101).

I like the service, I'll pay the $99 when we renew next January.
by sesq
Thu Mar 13, 2014 10:14 am
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 9152

Re: Farmers Auto, house, umbrella insurance

coffeehubcap wrote:Steelerfan,

Thanks so much for steering me to the J.D. Powers research site.


+1. USAA just came in high on HO for me, and I shopped Amica and Erie, both beat USAA on price by 20%, and it looks like all three are among the better regarded companies per JD Powers. Helpful.
by sesq
Tue Mar 11, 2014 2:10 pm
 
Forum: Personal Consumer Issues
Topic: Farmers Auto, house, umbrella insurance
Replies: 9
Views: 904

Re: 401K loan or PenFed HEL for high % rate mortgage payoff?

I'd do the 401(k) loan personally. Unless the loan origination fees are greater than any appraisal fee's Pen Fed may require.

No bad answers here.
by sesq
Sun Mar 09, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: 401K loan or PenFed HEL for high % rate mortgage payoff?
Replies: 8
Views: 756

Re: Dwelling Coverage

Why do you prefer USAA? My understanding is that Amica is a very good company, and generally conservative. I have heard good things about Amica which is why I picked them to quote. We've had USAA for ten years and we are very comfortable with their claims process from a minor issue just after we bo...
by sesq
Fri Mar 07, 2014 2:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dwelling Coverage
Replies: 4
Views: 277

Dwelling Coverage

I got my HO insurance renewal info and the premium was up 24% (USAA, Central PA). I have HO, auto and a $2M umbrella with USAA. I called Amica, car and umbrella were comparable, but for HO it was down $459 less, and across all three policies it is $508 less. The biggest difference in the policies wa...
by sesq
Fri Mar 07, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dwelling Coverage
Replies: 4
Views: 277

Re: What kind of mortgage should I get?

I use a penfed 5/5, but my prior two re-fi's were with FirstIB.com. Its a hassle, but do the online app and talk to a broker since the rates on the web aren't always accurate. Something to keep in mind, I am pretty sure in Texas you can not do HELOC's, so that argues for your plan to put some cash i...
by sesq
Mon Mar 03, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: What kind of mortgage should I get?
Replies: 9
Views: 908

Re: Early Retirement and ObamaCare

Some have suggested that it may be beneficial to be above 133% of the poverty line to avoid being in the medicaid expansion, as coverage from medicaid may not be great compared to the exchange policies.
by sesq
Thu Feb 27, 2014 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early Retirement and ObamaCare
Replies: 26
Views: 2745

Re: Social Security Statement Now Online?

I logged in earlier today no problem.
by sesq
Wed Feb 26, 2014 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security Statement Now Online?
Replies: 32
Views: 3542

Re: Santandar Bank advertisement

I recently opened an account under this promo and I am using it as a mechanism to fund my kids 529 plans via billpay. Once you add a biller you can then set re-occurring payments. Combined with monthly direct deposits its all on autopilot. Still waiting for my first $20 deposit, but I just got it se...
by sesq
Wed Feb 26, 2014 12:28 pm
 
Forum: Personal Consumer Issues
Topic: Santandar Bank advertisement
Replies: 14
Views: 1774

Re: Home remodel - need confirmation that we can afford it

How is your LTV? If you can keep the HELOC below 75% Hanscom FCU has prime minus 0.5% (or 2.75%). https://www.hfcu.org/personal/loans/home_equity_lines_and_loans.html Also, some folks find cheap financing by taking a loan against paid off cars in the 2% to 3% range (Penfed, Navy FCU, local CU's). Yo...
by sesq
Tue Feb 25, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home remodel - need confirmation that we can afford it
Replies: 51
Views: 3797
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