Search found 2061 matches

by 123
Thu Jun 22, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Sending money and confirming receipt?
Replies: 18
Views: 958

Re: Sending money and confirming receipt?

For next time(s). If the recipient gives you a deposit slip for their bank you can walk in and make a deposit to their account. Checks don't have to be endorsed if the payee matches the account owner. This works if there is a branch of the recipient's bank close to you. Generally you will get a depo...
by 123
Wed Jun 21, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 2267

Re: Mortgage and Low-Income

Some of the surrender value of the whole life policy will likely be taxable if you decide to cash it in. If you have to use some of the policy proceeds to pay the taxes there will be less available to use for a potential down payment. Just something to consider in your planning.
by 123
Tue Jun 20, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Help with determining appropriate salary
Replies: 5
Views: 702

Re: Help with determining appropriate salary

While YMMV if you report directly to the company owner CEO your salary could probably be in the range of 50% - 75% of his CEO salary. Owners and CEO's don't have "little people" report to them, they deal only with the movers and shakers of the organization. Sounds like you're in the big le...
by 123
Mon Jun 19, 2017 11:00 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Amazon
Replies: 76
Views: 4858

Re: Alternatives to Amazon

The whole delivery system seems to be a madhouse to me regardless of who you order from. Amazon seems to use any service it can find in my neighborhood, could be UPS, USPS, OnTrac, or a guy with a car. Service is inconsistent. My faith in UPS was shaken when they left a Dell computer in clearly labe...
by 123
Mon Jun 19, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse life insurance question
Replies: 9
Views: 681

Re: Spouse life insurance question

If the rider for the coverage for the spouse was at an additional cost (I can't see how an insurance company would actually give anything away for "free") and there is no longer a spouse I would think some refund of premium may be due.
by 123
Mon Jun 19, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Church windfall - conservative investment options?
Replies: 22
Views: 1441

Re: Church windfall - conservative investment options?

Banks CDs or treasury bills/notes/bonds are probably the best best to preserve capital. Some church organizations on a national or regional scale offer their member churches things like "building funds" to hold excess cash but those have risks your church may not be willing to accept.
by 123
Mon Jun 19, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Credit for Retirees
Replies: 16
Views: 1609

Re: Credit for Retirees

Why not apply for a couple of cards before you are on the books as "retired" if you have concerns? Apply for one. After approval wait a month and apply for a 2nd. Spread your transaction around so that there's some activity every few months on every card you've got, i.e. a beverage from St...
by 123
Mon Jun 19, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus, in bitcoin
Replies: 21
Views: 1818

Re: Bonus, in bitcoin

My concern would be that the employer(or some executive at the firm) is using bitcoin to profit at the expense of employees. What do they base the exchange rate on for reporting on pay stub/W-2? The bitcoin rate should be based on the conversion rate on the actual disbursement date (this would be ha...
by 123
Sun Jun 18, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Admin Requiring IRS Opinion Letter to Roll In Money
Replies: 7
Views: 963

Re: 401k Admin Requiring IRS Opinion Letter to Roll In Money

The complete copy is different from the summary plan description, correct? I have the SPD. The complete plan document will be considerably longer the n the SPD. When I requested the full plan document from one of my employers it was 50 - 60 typewritten double-spaced pages versus the 2 - 3 pages SPD...
by 123
Sun Jun 18, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3975

Re: Why do we need an emergency fund?

Things happen. If you are a one-car household and your car gets stolen you may need cash to get a replacement ASAP. Sure you may have car insurance but between police reports and insurance paperwork it could be a number of weeks to get a claim settled. Major appliance could fail and repair may not b...
by 123
Sat Jun 17, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Returning down payment to 403(b)
Replies: 13
Views: 729

Re: Returning down payment to 403(b)

If you are contributing less then the maximum allowed by your 403(b) plan just increase your contributions for whatever period of time it takes to absorb the money you want to put back in.
by 123
Sat Jun 17, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: How best to Donate?
Replies: 20
Views: 1197

Re: How best to Donate?

The best thing to do could depend on how much you plan to donate (annually or cumulatively over so many years). How much $$S are you thinking about? Since it likely that you want the most money to go to the ultimate charities costs of the mechanism can make a difference. Some charitable mechanisms a...
by 123
Sat Jun 17, 2017 5:09 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 80
Views: 4875

Re: Your Favorite Portfolio Tilts

In our "big" traditional IRA accounts we use a mix of Total Stock Market, Total International, and short-term CDs/bonds (we're not comfortable with interest rate risk in bond funds at present). In some much smaller accounts (Roth IRAs) we use Vanguard Extended Market (VXF) to add a small c...
by 123
Fri Jun 16, 2017 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Admin Requiring IRS Opinion Letter to Roll In Money
Replies: 7
Views: 963

Re: 401k Admin Requiring IRS Opinion Letter to Roll In Money

You might want to request a complete copy of the 401k plan document from your employer. There may be details in there about the ability/conditions of the plan to receive rollover money. Requesting a copy of the actual plan document will likely get you a lot more credibility with your employer (or th...
by 123
Fri Jun 16, 2017 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Direct CD vs. Brokered CD
Replies: 18
Views: 1459

Re: Direct CD vs. Brokered CD

My main concern about buying a brokered CD on a secondary sale would be the tax reporting complications in a taxable account. Doesn't the discount or premium has to be amortized over the period of the CD? In a tax-deferred account I think they're often a good deal without that complication becoming ...
by 123
Fri Jun 16, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 15787

Re: Siblings in disagreement over mom's house.

While this sounds like a very messy situation at present it will not get any better over time. I would expect that when one of the five present owners passes away it could become even more complicated. If I was one of the five I would probably front the attorney fees to get it done and get rid of my...
by 123
Fri Jun 16, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 15787

Re: Siblings in disagreement over mom's house.

An attorney would likely have to file a petition with the court and then a judge would have to approve the "partitioning" of the asset. How many of the "sellers" are welling to contribute to "front" the attorney fees? How much is the house/property worth? If no one want...
by 123
Fri Jun 16, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: In-network only health insurance
Replies: 17
Views: 1431

Re: In-network only health insurance

Knowing that it is quite possible that the nearest emergency room may be out of network you would just have to be prepared for a likely expense of $25K to $100+K if any of your family had to visit into a non-network ER. There are not likely to be any inexpensive visits to an non-network ER. ER visit...
by 123
Thu Jun 15, 2017 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1843

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

That really sounds odd. Is the inherited IRA related to a 401K account? 401K accounts generally require the consent of a spouse to name a non-spouse as beneficiary and regular IRAs generally allow the account owner to name anyone as beneficiary, without spousal consent, if my memory is correct. Edit...
by 123
Thu Jun 15, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Federal Employee First Alliance - Annuities ?
Replies: 16
Views: 690

Re: Federal Employee First Alliance - Annuities ?

I would doubt there would be many circumstances where it would be wise to rollover out of the TSP. From what I've read the TSP is about the best 401K type plan available. The guy that wants to sell you an annuity is out to benefit himself with a embedded commission that reduces the potential annuity...
by 123
Thu Jun 15, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: mutual funds vs etf [Can a mutual fund beat the market?]
Replies: 4
Views: 425

Re: mutual funds vs etf

While a mutual fund could beat the market over the long haul if the investment manager consistently picked the stocks that performed the best reality tends to not make that the case. Many people use index funds to avoid holding a fund that yields less then the market return,
by 123
Wed Jun 14, 2017 9:44 pm
Forum: Personal Consumer Issues
Topic: To buy or not to buy and move?
Replies: 19
Views: 1366

Re: To buy or not to buy and move?

Three hours away seem like quite a distance if you have to drive but it wouldn't be so bad if you can get there by bus or train. If travel by bus or train would work maybe you could just rent a car while there or leave an extra car parked at their place for your use if you normally stay with them.
by 123
Wed Jun 14, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Cataracts & reading glasses
Replies: 31
Views: 2098

Re: Cataracts & reading glasses

The eye doctor may advise about a number of options for lens implants, depending on the patients situation. Some replacement lens, in limited cases, may eliminate the need for glasses for some period of time. In the case of one relative he had to decide whether he wanted to still use glasses for rea...
by 123
Tue Jun 13, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 2243

Re: Watch Batteries

I used to go to a fancy shop to get the family watch batteries replaced. Very tidy and clean store and always got the job done fast because it was never busy. The batteries lasted a year but not much longer. When he raised his price from $15 a battery swap to $20 a battery swap I decided to try else...
by 123
Sun Jun 11, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: How to leave Matson Money?
Replies: 7
Views: 799

Re: How to leave Matson Money?

If you wanted to keep it at Schwab you could just open a parallel Roth account at Schwab and then ask Schwab to "consolidate" assets from your Mattson account at Schwab to the new Schwab account and "poof" there goes the adviser. I'm sure Schwab would like to keep your money, eve...
by 123
Sun Jun 11, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Goldman Sachs bank now blocking online access from overseas
Replies: 9
Views: 825

Re: Goldman Sachs bank now blocking online access from overseas

Blocking access to accounts from out of the country can be a useful tool towards complying with a number of US regulations. It would seem to prevent a significant amount of hacking from overseas. Because hackers don't know about VPN services? Any organization on any project has to start somewhere s...
by 123
Sun Jun 11, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Goldman Sachs bank now blocking online access from overseas
Replies: 9
Views: 825

Re: Goldman Sachs bank now blocking online access from overseas

Blocking access to accounts from out of the country can be a useful tool towards complying with a number of US regulations. It would seem to prevent a significant amount of hacking from overseas. I would hope that they would eventually develop a mechanism that allow access from valid users who just ...
by 123
Sun Jun 11, 2017 1:11 am
Forum: Investing - Theory, News & General
Topic: Friday's Dow Jones Industrial +89.44
Replies: 24
Views: 2326

Re: Friday's Dow Jones Industrial +89.44

Anyone who wants their investments to match changes in the Dow Jones Industrial Index should simply buy a fund that mirrors the DJIA index.
by 123
Sun Jun 11, 2017 12:57 am
Forum: Investing - Help with Personal Investments
Topic: Joint bank account w/parent or not?
Replies: 28
Views: 2035

Re: Joint bank account w/parent or not?

A joint account (parent(s) and child) is probably the easiest way of handling things assuming that there is only one child. If there are multiple children the family dynamics can get more complicated but it could still work okay.
by 123
Sat Jun 10, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Keep unneeded life insurance?
Replies: 14
Views: 1141

Re: Keep unneeded life insurance?

Are you sure about the rates charged for the insurance after you stop working? In many cases rates reach astronomical levels when you are no longer working. You may be able to keep the insurance but not necessarily the rate that applies to employees. YMMV Edited to add: Insurance companies often cha...
by 123
Sat Jun 10, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: learning Arabic
Replies: 19
Views: 1581

Re: learning Arabic

Maybe watching YouTube videos in Arabic could be helpful. Some cable systems offer supplemental packages in some foreign languages.
by 123
Sat Jun 10, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: learning Arabic
Replies: 19
Views: 1581

Re: learning Arabic

Can she Skype with her former classmate for a little more Arabic language guidance? Sometimes it's the instructor that motivates the student.
by 123
Sat Jun 10, 2017 2:30 pm
Forum: Personal Consumer Issues
Topic: Naming boat
Replies: 62
Views: 2097

Re: Naming boat

How about "Customer's Yacht" ?
by 123
Fri Jun 09, 2017 7:14 am
Forum: Personal Consumer Issues
Topic: Camper rental, by owner
Replies: 6
Views: 675

Re: Camper rental, by owner

Renting from an individual owner just raises the aura of so many possible problems, no/poor maintenance, breakdown on the road (will you be stuck for day waiting for the owner to come and "fix" it), or maybe even a repossession while it's away from home (maybe owner has not getting enough ...
by 123
Thu Jun 08, 2017 5:27 pm
Forum: Personal Consumer Issues
Topic: Buying a house for the 1st time - what should I look out for?
Replies: 22
Views: 1407

Re: Buying a house for the 1st time - what should I look out for?

All other things being equal I might favor a house that has not been freshly painted. A house that is freshly painted throughout can hide a lot of water leak stains as well as wall cracks/foundation settling issues when the walls have been patched and painted. If you're looking at new tract houses b...
by 123
Thu Jun 08, 2017 1:40 pm
Forum: Personal Consumer Issues
Topic: Electric Razor
Replies: 17
Views: 1416

Re: Electric Razor

I've been using Norelcos for over 15 years and they work fine. I typically buy 2 new ones every 5 or 6 years when Costco has them on sale (typically including a set of replacement blade inserts). One for home and one to keep in the business travel luggage (I switch them every couple of months). The ...
by 123
Thu Jun 08, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Car loan for college student
Replies: 12
Views: 678

Re: Car loan for college student

I would think a credit card for a student would be a better way to build a credit record with a credit line that endures. Many large banks, including Bank of America etc, offer credit cards for students without much of a credit check, typically the credit lines start out at $500 - $1,000 and then in...
by 123
Wed Jun 07, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: 7 yr ARM vs 30 Yr for new construction Condo
Replies: 22
Views: 1413

Re: 7 yr ARM vs 30 Yr for new construction Condo

I'd vote for the 30 year fixed rate. You won't have any surprises during the term of the loan and you won't be forced to do something that might be inopportune along the way, like trying to refinance due to a change in circumstances or a bumped up ARM rate.
by 123
Wed Jun 07, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Used Exercise Equipment
Replies: 22
Views: 1432

Re: Used Exercise Equipment

You might want to call a local store, if there's one in your area, called "Play it Again Sports" for an approximate value to buy/sell. They buy and sell all kinds of sports and fitness equipment. Even though I think each store runs independently I'm sure there is some kind of baseline valu...
by 123
Tue Jun 06, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have to liquidate or move my account if I decide to dump my financial advisor?
Replies: 7
Views: 774

Re: Do I have to liquidate or move my account if I decide to dump my financial advisor?

If you prefer to stay with Schwab just open another new similar account at Schwab without an adviser. Then ask Schwab to consolidate the assets from your adviser account into your new account. Poof, the adviser goes away.
by 123
Tue Jun 06, 2017 5:07 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 3158

Re: Suit for residency interviews

Don't obsess about it, because no one really cares or will remember what you wore, unless it is off-the-wall strange. This is the standard you want to achieve. Well-fitting and classic clothing that no one will remember and which doesn't stand out. Such clothing leaves behind an impression that the...
by 123
Tue Jun 06, 2017 4:05 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 3158

Re: Suit for residency interviews

Nordstrom. Check out a couple and go with the one that has the largest selection. The size of their suit department has dramatically decreased in the last 10 - 15 years. They used to have tailors in most local stores, don't know if there is still enough suit business to support that. I have always b...
by 123
Tue Jun 06, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: Cell phone battery calibration
Replies: 17
Views: 1103

Re: Cell phone battery calibration

I have a Moto E and my battery indicator seemed to vary a lot. I did a battery meter reset by draining the battery all the way to where it powered itself off and then I charged it overnight. Now battery life seems to be along the lines of almost like it was new. My understanding is that the phone ma...
by 123
Tue Jun 06, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead Board Game!!
Replies: 31
Views: 2217

Re: Boglehead Board Game!!

Instead of landing in jail you would land on "Edward Jones" and have to pay 5.75% of your assets to get out.

Land on "RMD" and have to pay your RMD (based on traditional IRA assets and age) to the bank.
by 123
Tue Jun 06, 2017 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Anti virus protection
Replies: 27
Views: 2048

Re: Anti virus protection

We use Windows Defender by Microsoft. It's free.
by 123
Mon Jun 05, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: Recommendations on Home Alarm Systems
Replies: 18
Views: 1468

Re: Recommendations on Home Alarm Systems

A dog is proven technology for home protection in many circumstances.
by 123
Mon Jun 05, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 43
Views: 2862

Re: Gas station prices and quality

Gas stations on the main thoroughfares seem to get the most business regardless of price. Maybe locals know about and use the less expensive local stations but many drivers only see the stations on the road they're driving on.
by 123
Mon Jun 05, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: When a company spins off part of itself, do you keep the new company stock?
Replies: 17
Views: 763

Re: When a company spins off part of itself, do you keep the new company stock?

An argument could be made that you bought the "whole" company at the original purchase so why don't you want the "whole" company now? If you don't want the "whole" company maybe you should sell both parts. It's a different animal now.
by 123
Mon Jun 05, 2017 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones
Replies: 22
Views: 2148

Re: Edward Jones

Edward Jones can probably handle all your investments. Once they get their hands on your assets their methodologies, fees, and expenses over time will likely turn your assets into their assets. Once they have absorbed all your assets by charging fees you won't have to be concerned about them anymore.
by 123
Sun Jun 04, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: A group universal life insurance with a big premium increase upon leaving employer
Replies: 6
Views: 361

Re: A group universal life insurance with a big premium increase upon leaving employer

Usually when an employee leaves an employer and wants to convert group life insurance to an individual policy there is a dramatic increase in the premium. The reason for the higher premium is that there is a "self-selection" factor that the insurance company is trying to guard against. The...

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