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Re: Ally Bank CD

I've been very happy with Ally. Their rates are very good but not typically the absolute highest if you are willing to go with a perhaps lesser known institution. But their website is nice, and the couple of times I have had to use their customer service it has been excellent. They have a tool now t...
by yosef
Wed Aug 27, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ally Bank CD
Replies: 6
Views: 690

Re: HSA - how to decide if it is worth it?

Hello, There was a recent post on HSA which was very informative on how valuable a HSA is (by letting the assets in it grow and saving receipts for later). My question is how to decide if it is worth it to get a high deductible health plan in order to get an HSA? We currently have a standard PPO he...
by yosef
Wed Aug 27, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 8
Views: 463

Re: Downsizing emergency fund

I already max all tax deferred accounts What does that mean? $17.5k in a 401(k)? $5.5k in an IRA? 401(k) + Roth IRA? How about $52k in a 401(k)? Maybe a Mega-backdoor Roth is in order. Is a HDHP w/ an HSA appropriate? Do you have kids? What about 529s? $17.5K in my 401k and $5.5k in his and her Rot...
by yosef
Fri Aug 22, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1244

Re: Downsizing emergency fund

Your EF isn't related to your net worth. It is related to your spending and the cost of possible emergencies. This is why people tend to size their EF in terms of a number of months worth of spending. A lot of people use the cost of finding new employment after a job loss or the cost of major medic...
by yosef
Fri Aug 22, 2014 5:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1244

Downsizing emergency fund

I was laid off from my job with a mega-corp a few months ago. I found something else right away, and it actually wound up being a bit of a windfall for me as the severance package I was given was pretty good. I was just paid the last of what I'm owed by my former company, and now that I step back an...
by yosef
Fri Aug 22, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1244

Re: Reducing time spent paying bills

All bills auto pay with cash-back credit card. Cash back credit card auto pays in full from checking account. Done, and you get money back to boot :D
by yosef
Wed Aug 20, 2014 1:25 pm
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1722

Re: Smartest way to fund new car purchase?

Trader Joe wrote:Well it looks like you are no where near debt free, having $265,000 of debt. Given your circumstances I would first pay off my debt. Then I would consider buying a used car if my current one needed replacing.


So he should pay off his mortgage before buying even a used car huh?
by yosef
Sat Aug 16, 2014 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Smartest way to fund new car purchase?
Replies: 20
Views: 1489

Re: Newly Minted Boglehead - Several Questions.

You don't mention what your expenses are but I'd say you have quite a ways to go before you need to worry about your emergency fund being too large. I'd definitely agree with beefing that up substantially. Online savings rates are ~1% and once you have a cushion there you can move to CDs/iBonds/etc ...
by yosef
Mon Aug 11, 2014 9:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly Minted Boglehead - Several Questions.
Replies: 8
Views: 1083

Re: Two factor identification and your password safe

Food for thought regarding the security of storing your password safe on USB:

http://www.wired.com/2014/07/usb-security/
by yosef
Mon Aug 11, 2014 9:41 am
 
Forum: Personal Consumer Issues
Topic: Two factor identification and your password safe
Replies: 31
Views: 2022

Re: How do you address your inlaws and being addressed?

First names always. Definitely don't do the "Mom and Dad" thing with in-laws, despite being fairly close to them. The whole Mr. and Mrs. thing just feels pretty dated to me, especially once married. We're all adults.
by yosef
Mon Aug 11, 2014 9:32 am
 
Forum: Personal Consumer Issues
Topic: How do you address your inlaws and being addressed?
Replies: 84
Views: 4732

Re: Attitudes toward inheritances.

stoptothink, I think you are taking Professor Emeritus' posts too personally. His point of view, which I think I share, is at the end of the day, the grandfather is to blame for not providing for his children and the wicked stepmother partially to blame for not honoring her husband's wishes to the ...
by yosef
Thu Aug 07, 2014 7:44 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9427

Re: Cloud Base Password Manager

I use 1Password, which allows you to sync via Dropbox or iCloud. Works wonderfully, integrates with all web browsers, and even has an excellent iPhone app. Not to mention the 1Password folks have written some ridiculously detailed blog posts (http://blog.agilebits.com) about how they approach secur...
by yosef
Thu Aug 07, 2014 10:09 am
 
Forum: Personal Consumer Issues
Topic: Cloud Base Password Manager
Replies: 14
Views: 983

Re: Attitudes toward inheritances.

As you can see from my comments above, I do have a bit of an expectation for a modest inheritance. And naturally, I would like to provide as much as I can for my children after my death. But lately I feel a bit conflicted on this topic, because in aggregate I feel like passing significant wealth thr...
by yosef
Wed Aug 06, 2014 8:11 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9427

Re: Attitudes toward inheritances.

Agreed about step-parents complicating things. My mother passed away about 4 years ago, and less than a year later my father remarried. He lives almost entirely on a pension + SS, so any monetary inheritance is likely going to be small. But he does have a house and obviously a lot of "stuff&qu...
by yosef
Wed Aug 06, 2014 8:02 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9427

Re: Attitudes toward inheritances.

Agreed about step-parents complicating things. My mother passed away about 4 years ago, and less than a year later my father remarried. He lives almost entirely on a pension + SS, so any monetary inheritance is likely going to be small. But he does have a house and obviously a lot of "stuff&qu...
by yosef
Wed Aug 06, 2014 7:58 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9427

Re: Attitudes toward inheritances.

Agreed about step-parents complicating things. My mother passed away about 4 years ago, and less than a year later my father remarried. He lives almost entirely on a pension + SS, so any monetary inheritance is likely going to be small. But he does have a house and obviously a lot of "stuff&quo...
by yosef
Wed Aug 06, 2014 4:30 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 110
Views: 9427

Re: Your opinion of mint.com

At my big bank, Mint.com claimed that they didn't need to store my password, but I'm not sure what else they're storing instead. If it's a hash of my password, which I've seen mentioned in a few places, then that's not secure even though it may have been secure in the early 2000s for some purposes....
by yosef
Wed Aug 06, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your opinion of mint.com
Replies: 38
Views: 2965

Re: HDHP vs PPO (least bad choice)

You don't mention if you have any dependents. If it's just you, the HDHP probably makes sense. I think it is much harder to make the case for it however if you have dependents, particularly children. Mostly because the deductible typically goes up a lot and children seem to need non-preventative car...
by yosef
Wed Aug 06, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: HDHP vs PPO (least bad choice)
Replies: 13
Views: 816

Re: Your opinion of mint.com

I've used Mint for years, pretty much ever since MS Money went belly up. From a features/functionality perspective, hey you get what you pay for. That said, I wouldn't be without it. I agree with nisiprius that you can never be totally sure they are secure. But for those that are paranoid, consider ...
by yosef
Wed Aug 06, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Your opinion of mint.com
Replies: 38
Views: 2965

Re: Was ready to pull plug on Janus..until

Honestly it doesn't sound like you understand the point several posters are making, and I wouldn't make any moves until you do. You are proposing changing more than the company that manages your funds, you're talking about changing the nature of your portfolio. If you want a total market weighted po...
by yosef
Tue Jul 29, 2014 4:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 4045

Re: Rich Spouse, Poor Spouse

fanmail wrote:I don't get the keeping it seperate idea. When you marry, you join together, joint finances along with that.

+1 I just can't imagine a marriage where things are mine vs yours. Everyone's situation is unique, but that's just how I see it.
by yosef
Thu Jul 24, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 5691

Re: If you own a car, do you have a car payment?

Umm, those of you who say you are financing because the rate is zero or near zero percent....did you figure in the cost of being forced to purchase collision/comprehensive insurance? When you don't actually own the car, you must buy C/C. Of course, I guess if you're buying an expensive new car, you...
by yosef
Wed Jul 23, 2014 2:54 pm
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7403

Re: If you own a car, do you have a car payment?

After close to 8 years with no payments I recently replaced my 11 year old car. I considered paying cash but since the dealer was offering 0.9% financing I took that (I'm very confident I did not leave money on the table by financing). I will likely keep the loan less than a year.
by yosef
Tue Jul 22, 2014 1:34 pm
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7403

Re: How would you handle this situation if it was you.

I think your priority should be your education. Get in a program that will give you a career with decent salary potential. Hopefully some of your credits will transfer to a respectable school. Above all do not inflate your lifestyle now and get yourself into a situation where you can't get an educat...
by yosef
Mon Jul 21, 2014 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this situation if it was you.
Replies: 15
Views: 1998

Re: Anyone use Wells Fargo Bank?

Anything I need to know about banking with Ally long distance? Pluses or minuses? Nonnie I don't have checking there, that's still at WF. I pay day to day expenses on Amex and then pay that in full from checking. So my checking account sees very little activity. At Ally I have CDs and a savings acc...
by yosef
Wed Jul 02, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 7737

Re: Anyone use Wells Fargo Bank?

The Crown account is still around with most of the same benefits. I think the minimums/etc might be a bit higher to avoid fees though. We have been with them (via Wachovia) for about 17 years. Frankly I'm surprised to see how many fans they have here. I keep the relationship for 2 reasons: To have r...
by yosef
Tue Jul 01, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 7737

Re: Where to put my house fund?

Sounds like you have a good handle on the options. I think CDs would probably be the best choice; even if you aren't in a hurry to buy putting the money in stocks (which really seems like the only option that could give a better return than a good CD) could bite you.
by yosef
Thu Jun 19, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put my house fund?
Replies: 3
Views: 454

Re: Laid off - HSA Contributions?

Hmm. I have a new job with a non-HDHP that will cover me starting next month. Meanwhile, I will continue to be covered by my existing HDHP from my previous employer for about 2 more months. Something I just read made it sound like I am ineligible to contribute to the HSA once I am covered by a non-...
by yosef
Wed Jun 11, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1044

Re: Laid off - HSA Contributions?

Hmm. I have a new job with a non-HDHP that will cover me starting next month. Meanwhile, I will continue to be covered by my existing HDHP from my previous employer for about 2 more months. Something I just read made it sound like I am ineligible to contribute to the HSA once I am covered by a non-H...
by yosef
Wed Jun 11, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1044

Re: Laid off - HSA Contributions?

I am in a similar situation. Any contributions we make ourselves (not via paycheck withholding) are still tax deductible though right? And we are free to continue using the HSA even after we are no longer on the policy it was tied to, correct? I was not planning on maxing my contribution, but after ...
by yosef
Tue Jun 10, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1044

Re: New Dodge Grand Caravan vs. Used Honda Odyssey/Toyota Si

I'd question that valuation also. We have a 2005 Sienna with ~105k miles and it's worth just a bit less than $10k.
by yosef
Fri Jun 06, 2014 8:19 pm
 
Forum: Personal Consumer Issues
Topic: New Dodge Grand Caravan vs. Used Honda Odyssey/Toyota Sienna
Replies: 21
Views: 2123

Life insurance term length

My wife and I will be 39 years old this year. Our current 10 year term insurance policies are up this year, and I'm trying to decide if I should simply renew our existing policies for another 10 year term or shop around for 20 year term. Our current policies were purchased through the alumni associa...
by yosef
Tue May 20, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance term length
Replies: 2
Views: 209

Re: top of the market

You must be new here ;) Who says you have to put it all in equities? Regardless, you can't time the market. If you don't get in now, how much of a drop will you wait for? How big will the gains you miss out on from now until then be? If you accept that the overall trend of the market is up long term...
by yosef
Wed May 14, 2014 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: top of the market
Replies: 7
Views: 811

Re: Job Offer Negotiation / Interview Snafu

I agree about waiting until after the offer. I always wonder about people who ask this question-- why are they asking this? Are they just going to come here and slack? I'm not sure that is a snafu, actually. Post-offer, you can probably get this type of information. But I think you have to be caref...
by yosef
Tue Mar 04, 2014 10:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation / Interview Snafu
Replies: 177
Views: 31097

Re: To Refinance or Not to? Newbie advice Wanted

You should be able to get some ideas of closing costs from Google, but I think it's safe to say it will be > 1% of the loan amount. They can and usually are rolled into the mortgage, but these costs will give you a good idea of how long it will take you to break even. And yes, the amortization sched...
by yosef
Tue Feb 11, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: To Refinance or Not to? Newbie advice Wanted
Replies: 20
Views: 867

Re: Thoughts on Emergency Funds

Failing some ridiculously high interest debts as posited above, I would never drop my EF to anywhere near $1k just to pay off debt. My thinking on this matter is to consider which you would prefer to have if you lost your job tomorrow, the debt or the money? I've been debt-free (aside from mortgage)...
by yosef
Mon Feb 10, 2014 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Emergency Funds
Replies: 16
Views: 1554

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

Since no one has yet suggested it, I'd say to read The Bogleheads Guide to Investing. And check out the wiki for additional recommendations, but the Bogleheads guide in particular will give you a strong introduction to the philosophy and reasoning behind using index funds. Selling out of some of the...
by yosef
Sun Feb 09, 2014 9:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Layed off and now retiring. Need advice...
Replies: 65
Views: 7704

Re: Doing a new job at work at not getting paid for it

Refusing to do the job is not going to win you any points. I think you need to look at the situation objectively and ask yourself why they are so hesitant to bring you in. If you really are qualified, and there is internal politics or some other thing holding you back at this particular company, I'd...
by yosef
Sun Feb 02, 2014 8:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doing a new job at work at not getting paid for it
Replies: 27
Views: 2140

Re: Company Phantom Stock - Are We Making a Sound Decision?

I'm not at all familiar with that type of plan, but I'm assuming from what you wrote that you will pay taxes at your marginal rate regardless of how long you hold this position, is that true? If so, I think you're definitely doing the right thing. The fact that the company can stop you from cashing ...
by yosef
Sat Feb 01, 2014 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company Phantom Stock - Are We Making a Sound Decision?
Replies: 21
Views: 1332

Re: What is your definition of "Wealthy?"

I realize that the question seeks to address the "psychological" aspects of whether people feel wealthy, but I also think it makes no common sense, considered objectively in terms of dollars, to assert that a household with access to $300,000 per year is actually less well off, and has fe...
by yosef
Sat Feb 01, 2014 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is your definition of "Financially Wealthy?"
Replies: 110
Views: 10188

Re: To Keep Renting or Buy First Home?

I agree with everyone else; you simply don't have anywhere close to enough savings to consider buying a home. You can't really afford a $240k house. You have practically no downpayment so you'd be stuck doing nearly 100% financing, PMI....yuck. Even if you had the cash with your uncertain time horiz...
by yosef
Mon Jan 27, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: To Keep Renting or Buy First Home?
Replies: 12
Views: 1285

Re: SUV Vs Sedan

Plus for SUV (which can also be disadvantages of SUV's if you have a different preference/lifestyle): - Some find it easier to load kids of all ages - Space to carry kids sports/activity paraphernalia - Some prefer riding higher above the road - Space to buy big items at Costco or home improvement ...
by yosef
Sun Jan 26, 2014 7:29 pm
 
Forum: Personal Consumer Issues
Topic: SUV Vs Sedan
Replies: 50
Views: 4167

Re: Should my son pay me rent, utilities, etc...?

Your son sounds a lot like the twin sons a neighbor of mine has. They are 22 or 23 now, and have absolutely no plan to launch their lives. They are not bad kids, and my neighbors are not bad parents aside from letting their kids languish at home. They were not advised to attend a 4 year college, the...
by yosef
Thu Jan 16, 2014 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should my son pay me rent, utilities, etc...?
Replies: 124
Views: 10326

Re: Dumb Mac Question [Adobe reader problem]

Just out of curiosity, why Adobe Reader rather than just using the Preview PDF viewer that's already part of OSX? Bob +1000 I have never installed Adobe Reader on any Mac, and I don't understand why anyone would. Flash is the last foothold Adobe has on my system, and hopefully that can be expunged ...
by yosef
Mon Jan 13, 2014 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Dumb Mac Question [Adobe reader problem]
Replies: 30
Views: 1219

Re: Is it time for me to find a new job?

Putting aside the question of whether you should change employers, are you sure you really want to be managing people, or are you simply looking to that path to increase your earnings? It sounds like you're a coder, and in my experience the intersection of people with the desire and aptitude to both...
by yosef
Wed Jan 01, 2014 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to find a new job?
Replies: 33
Views: 3888

Re: How to respond to request for current salary in an inter

I think everyone acknowledges that it's important to ensure that the parties are not wasting one another's time. But why do people feel it's ok to ask your current salary to determine that? Doesn't the question "What is your target salary?" accomplish the same goal? To the poster who said ...
by yosef
Fri Dec 13, 2013 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to respond to request for current salary in an interview
Replies: 113
Views: 7770

Re: Roth IRA for emergency fund?

What kind of rate can you get in the MMF? Is it really any higher than a high yield savings account?
by yosef
Sat Oct 19, 2013 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for emergency fund?
Replies: 20
Views: 2007

Re: To rollover or not to rollover 401k?

placeholder wrote:
Steelersfan wrote:Check with the HR department of your new company. Although some companies allow you to roll old 401k accounts into their plan, many (most?) do not.

I've never heard that. Almost any takes another 401(k) in.


Plans that allow you to roll assets in are somewhat rare in my experience also.
by yosef
Mon Sep 30, 2013 7:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k - please help w diversification of total portfolio
Replies: 15
Views: 1059

Re: To rollover or not to rollover 401k?

I have a single Rollover (Traditional) IRA that I have rolled several old 401k plans into. In my mind doing so is a good move because a) it reduces the number of accounts you have to keep up with (after the first at least) and more importantly b) you will have access to a lot more investment choices...
by yosef
Mon Sep 30, 2013 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k - please help w diversification of total portfolio
Replies: 15
Views: 1059

Re: 401(k) dilemma. Is an index fund the best choice?

I'm very much a novice myself, but I think your categorization of "stock funds" is much too broad. An S&P 500 index fund is a large cap fund. You're comparing that with small and mid cap funds. Apples and oranges.
by yosef
Thu Aug 29, 2013 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) dilemma. Is an index fund the best choice?
Replies: 51
Views: 4188
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