Search found 1259 matches

by Bfwolf
Sun Dec 04, 2016 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 61
Views: 3094

Re: Do You Consider Dividends As Income?

If you're just tracking for yourself, it doesn't really matter what you call anything as long as you're consistent, as others have pointed out. But if you are making a distinction between income and investment returns, I would recommend bucketing dividends as investment returns. This is so you will ...
by Bfwolf
Sun Dec 04, 2016 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I'm spending more even though I'm saving more
Replies: 18
Views: 1282

Re: Feel like I'm spending more even though I'm saving more

You're doing great! Don't feel guilty spending the amount you're spending; you are saving plenty. Money is a tool to be used...you are using some of it to prepare for your future goals and some of it to enjoy life now while you are young. Seems like a perfect strategy.
by Bfwolf
Fri Dec 02, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102014

Re: What's Your Credit Card Rewards Strategy?

I also applied for Chase Fairmont visa. Yes, sounds great until you try to use your benefits. At least that was my experience. I got the card so I could stay in the London Savoy. I tried booking a year in advance and kept trying during the year. No dates available. I finally gave up and, since my g...
by Bfwolf
Fri Dec 02, 2016 2:22 am
Forum: Personal Consumer Issues
Topic: Got a Job offer, can I see 401k options beforehand?
Replies: 81
Views: 5974

Re: Got a Job offer, can I see 401k options beforehand?

Congrats! It was nerve racking but you handled it the best way possible IMO.
by Bfwolf
Tue Nov 29, 2016 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Chagall Paintings Recently Left to Me By Family Member
Replies: 16
Views: 1349

Re: Chagall Paintings Recently Left to Me By Family Member

I don't have an answer to your question, but original Chagall's would be very valuable.

If anybody has the opportunity, I highly recommend checking out Chagall's American Windows at the Art Institute in Chicago.

http://www.artic.edu/exhibition/Chagall
by Bfwolf
Tue Nov 29, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit card for a large one-time expense?
Replies: 50
Views: 4420

Re: Which Credit card for a large one-time expense?

gloomydog wrote:My vote...get 2 chase sapphire reserve cards, put 4K on each.

That travel credit is extremely flexible. You can use it for toll, taxi (even uber but not uber gift cards), parking, etc.


This would require a spouse, no? Otherwise, he won't be eligible for the bonus a second time.
by Bfwolf
Mon Nov 28, 2016 5:27 pm
Forum: Personal Consumer Issues
Topic: Got a Job offer, can I see 401k options beforehand?
Replies: 81
Views: 5974

Re: Got a Job offer, can I see 401k options beforehand?

Didn't you have an interview with the other company today? How did that go?
by Bfwolf
Fri Nov 25, 2016 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit card for a large one-time expense?
Replies: 50
Views: 4420

Re: Which Credit card for a large one-time expense?

Why would anybody give this opportunity up to get $160 back on a 2% cash back card? Some people don't like playing the credit card game of opening accounts for a bonus just to cancel them a few months later to avoid an annual fee because it's too much of a hassle. Ditto for dealing with travel poin...
by Bfwolf
Fri Nov 25, 2016 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Maxed 401k - Now What?
Replies: 12
Views: 1970

Re: Maxed 401k - Now What?

So sounds like my game plan is as follows: 1) Definitely continue maxing out traditional and Roth 401K and start maxing my HSA. 2) Contribute to IRA and rollover to Roth (prioritized over after-tax 401K because we can only in-plan Roth convert 2x a year and you can backdoor Roth IRA in a matter of ...
by Bfwolf
Fri Nov 25, 2016 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit card for a large one-time expense?
Replies: 50
Views: 4420

Re: Which Credit card for a large one-time expense?

I would also recommend the Chase Sapphire Reserve and combining it with...drumroll...the Chase Sapphire Preferred. Both have a $4,000 spending requirement for the bonus within the first three months. See if your vendor will accept that. If they do, say hello to 150,000 Ultimate Rewards points. If y...
by Bfwolf
Wed Nov 23, 2016 1:22 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Inflation-Protected Securities Is a Top Pick."
Replies: 23
Views: 3323

Re: "Vanguard Inflation-Protected Securities Is a Top Pick."

... I honestly have no idea how a retiree survives with this fund or makes it work. There has been close to ZERO in terms of cash flows from dividends! Hard to pay the bills with that (i.e. "Income Risks") as Jack Bogle has said. Sorry for the snark, but you do realize this is equivalent ...
by Bfwolf
Tue Nov 22, 2016 9:16 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Inflation-Protected Securities Is a Top Pick."
Replies: 23
Views: 3323

Re: "Vanguard Inflation-Protected Securities Is a Top Pick."

I am perplexed by people who point to significant volatility in TIPS funds when interest rates change and say "why would I own this?" TIPS don't offer interest rate protection. They offer inflation protection. Inflation has been low for a long time, so the inflation protection that TIPS pr...
by Bfwolf
Tue Nov 22, 2016 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Just joining the party
Replies: 15
Views: 1602

Re: Just joining the party

A few thoughts. 1) Your asset allocation seems OK to me. Lighter on bonds than I would normally like, but that's up to you. I did notice you don't own any bonds yet! I guess that's what you'll replace the American funds with? 2) Your 5% mortgage presents an opportunity. You get a 5% guaranteed retur...
by Bfwolf
Mon Nov 21, 2016 8:01 pm
Forum: Personal Consumer Issues
Topic: Guys Long Weekend
Replies: 11
Views: 1193

Guys Long Weekend

I am close friends with 5 guys from high school. We are all about 40. A couple of years ago, we all traveled to San Francisco for 3 or 4 days and stayed at the house of one of the guys who lives in Tiburon. His wife and kids were on vacation so we had the house to ourselves. We had such a great time...
by Bfwolf
Sat Nov 12, 2016 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a 401(k) plan
Replies: 21
Views: 1341

Re: Starting a 401(k) plan

I agree with both the use of Target Retirement funds (because people understand them better) over Life Strategy and cutting the number of funds way down to be more in line with the TSP. I think it should be enough to have: The Target Retirement lineup Total Stock Total International Stock Total Bond...
by Bfwolf
Fri Nov 11, 2016 7:04 pm
Forum: Personal Consumer Issues
Topic: T-Mobile New 'One' Plan
Replies: 27
Views: 3247

Re: T-Mobile New 'One' Plan

For folks that have the new T-Mobile One Plan, can you upgrade one line to the One Plus plan (for $25/month) without upgrading all the lines to that plan?
by Bfwolf
Fri Nov 11, 2016 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for rental car
Replies: 12
Views: 523

Re: Liability insurance for rental car

I called up Geico just now and got a quote. It was $186.05 for 6 months and that was for pretty minimal coverage. Then at the end of the call I found out that rental cars were not included!! I think I will just buy the rental car insurance from the rental car company on the rare occasions I rent car...
by Bfwolf
Fri Nov 11, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for rental car
Replies: 12
Views: 523

Re: Liability insurance for rental car

2) If I am with somebody who does have a personal car insurance policy, and the reservation is under their name and I'm listed as an additional driver, would I be covered from a liability perspective under their insurance? Yes, but you have to be awfully trusting of that person Can you elaborate?
by Bfwolf
Fri Nov 11, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for rental car
Replies: 12
Views: 523

Re: Liability insurance for rental car

I recommend getting a a non-owners policy through one of the major carriers. Not only will this protect you while renting cars, but it also protects you during any indecent with a vehicle. For example if you get hit by an uninsured car while walking or biking, you have almost no recourse. With a no...
by Bfwolf
Fri Nov 11, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for rental car
Replies: 12
Views: 523

Liability insurance for rental car

After years of my company drilling "decline the rental car insurance" into me, plus knowing that personal credit cards offer rental car insurance, I've consistently declined all rental car insurance offered me. It's recently come to my attention that the rental car insurance offered by cre...
by Bfwolf
Sun Nov 06, 2016 5:08 pm
Forum: Personal Consumer Issues
Topic: How to talk with a housekeeper?
Replies: 49
Views: 5082

Re: How to talk with a housekeeper?

I think $85 for 2.5 hours is reasonable. I live in Chicago and pay $75 for what amounts to a little less than 2 man hours. My brother in San Diego was just telling me today that he pays $100 for 6 hours and thought I was crazy to pay as much as I do. In any event, if she was unhappy with the pay, sh...
by Bfwolf
Wed Nov 02, 2016 1:46 pm
Forum: Personal Consumer Issues
Topic: Renting a car - different drivers for pick up and drop off
Replies: 12
Views: 887

Re: Renting a car - different drivers for pick up and drop off

As just mentioned, if you rent the car through Costco's website, you get an additional driver for free, regardless of if that person is your spouse.

You still have to deal with the situation of not having the second driver there to show his/her license when you pick up the car.
by Bfwolf
Mon Oct 31, 2016 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth losing a match to do a mega backdoor Roth?
Replies: 37
Views: 3328

Re: Is it worth losing a match to do a mega backdoor Roth?

How big is a year worth of the company match roughly? I know 4% of your salary, but how much is this in $s?

Edit: And how old are you?
by Bfwolf
Fri Oct 28, 2016 2:51 pm
Forum: Personal Consumer Issues
Topic: Grocery Stores Employing Customers
Replies: 59
Views: 4506

Re: Grocery Stores Employing Customers

Wegmans and Publix, both mentioned in this thread, are regional grocery stores that are well known for their outstanding customer experience. Both actually have pretty good prices.....the everyday prices at Publix aren't that great but they run a ton of BOGOs.
by Bfwolf
Fri Oct 28, 2016 2:35 pm
Forum: Personal Consumer Issues
Topic: Grocery Stores Employing Customers
Replies: 59
Views: 4506

Re: Grocery Stores Employing Customers

People decided they like cheaper prices more than full service. If you are willing to pay for full service, there is probably a more upscale grocer in your area that provides it.
by Bfwolf
Thu Oct 27, 2016 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - multiple beneficiaries
Replies: 2
Views: 542

Re: Inherited IRA - multiple beneficiaries

For those beneficiaries who set up their inherited IRA accounts no later than the end of the year following the year of the IRA owner's death, their RMDs are based on their own life expectancy regardless of what the others do. Some others may elect the 5 year rule, or some might procrastinate in re...
by Bfwolf
Thu Oct 27, 2016 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - multiple beneficiaries
Replies: 2
Views: 542

Inherited IRA - multiple beneficiaries

I have a friend who, along with other relatives, jointly inherited an IRA from her aunt this year. None of the relatives were the aunt's spouse. The aunt had not yet started taking RMDs. My understanding is that some of these relatives have received a distribution of their share directly from the au...
by Bfwolf
Thu Oct 27, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: HSA for self-employed ACA health insurance premiums, or cashing it out
Replies: 6
Views: 331

Re: HSA for self-employed ACA health insurance premiums, or cashing it out

Do you have receipts from qualified expenses since you opened the HSA? You can reimburse yourself for past expenses.
by Bfwolf
Tue Oct 25, 2016 10:20 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102014

Re: What's Your Credit Card Rewards Strategy?

I'm tapped out on Chase cards due to 5/24. I'm looking ahead to a family trip to South America in 2019. Thinking of beginning to collect AmEx points while still collecting UR points with Freedom/sapphire card. Any advice on how AmEx points have worked for you? Although a lot can change between now ...
by Bfwolf
Sun Oct 23, 2016 3:33 pm
Forum: Personal Consumer Issues
Topic: Microsoft Office
Replies: 34
Views: 4862

Re: Microsoft Office

bfwolf: Thank you. The HUP looks interesting. I read through the T&C and see that it allows for one home installation. It is unclear to me if the use is limited to just the employee or anyone in the employees household. It seems to me others in the household using it for projects not associated...
by Bfwolf
Fri Oct 21, 2016 9:44 am
Forum: Personal Consumer Issues
Topic: Microsoft Office
Replies: 34
Views: 4862

Re: Microsoft Office

You may want to see if your work participates in the Microsoft HUP program. You can get Office for $9.95.

http://www.microsofthup.com/hupus/home.aspx
by Bfwolf
Tue Oct 11, 2016 11:07 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102014

Re: What's Your Credit Card Rewards Strategy?

Beginner question. For travel to Italy, should we focus on any particular airline or credit card to begin accumulating points? I started collecting miles in January of this year for a trip to Italy summer of 2017. Since I had not started the mile collection business, I got all of the Chase cards th...
by Bfwolf
Fri Oct 07, 2016 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102014

Re: What's Your Credit Card Rewards Strategy?

Beginner question. For travel to Italy, should we focus on any particular airline or credit card to begin accumulating points? I started collecting miles in January of this year for a trip to Italy summer of 2017. Since I had not started the mile collection business, I got all of the Chase cards th...
by Bfwolf
Fri Oct 07, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102014

Re: What's Your Credit Card Rewards Strategy?

Thanks curmudgeon! We have @ 200K AA frequent flier miles earned from travel years ago. Is it generally better to use old FF miles first before accumulating new card miles? This is a bit like asking whether it's better to use old dollars first before accumulating new dollars. Frequent flyer miles d...
by Bfwolf
Thu Oct 06, 2016 10:05 am
Forum: Investing - Help with Personal Investments
Topic: 529 or Mega Backdoor Roth?
Replies: 7
Views: 998

Re: 529 or Mega Backdoor Roth?

1. My company’s 401k plan with Fidelity allows Mega Backdoor Roth. It seems like a no brainer to do this. My plan allows me to do in plan conversion to either a Roth IRA or Roth 401k. I figure I can probably put in about $10k (after the $18k pre-tax contribution). Does it matter which one to pick? ...
by Bfwolf
Mon Sep 05, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102014

Re: What's Your Credit Card Rewards Strategy?

Received CSR card by expedited mail. The card is thick and heavy! Seems to have a metal layer. The global entry credit is only one time and for one user, right? For my husband to get his credit, he will need to have a card, right ? Or only one credit for one account? I called CSR benefit specialist...
by Bfwolf
Mon Sep 05, 2016 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102014

Re: What's Your Credit Card Rewards Strategy?

I've yet to transfer to United...but may be considering a big transfer soon if my friend decides to get married in Europe. What are your thoughts on how easy it us to book reward flights with United? Are there a lot of hoops to jump through? Are the reward charts complicated? I've found United to b...
by Bfwolf
Sat Aug 27, 2016 12:18 am
Forum: Investing - Help with Personal Investments
Topic: How did I do?
Replies: 34
Views: 2614

Re: How did I do?

Other than the one grand min, which I can't afford right now, is there an advantage of using the VG target funds over the "3 fund portfolio"? Good question. As you've probably surmised, the VG target funds essentially create the 3 fund portfolio all in one fund. They also add internationa...
by Bfwolf
Fri Aug 26, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: How did I do?
Replies: 34
Views: 2614

Re: How did I do?

VTI (0.14% ER) is a good choice or you use separate funds and add VXUS 0.13% ER to VTI. Pardon my ignorance, but how do you add a fund to a fund? All that's meant here is that you can own 2 ETFs/mutual funds, a US stock ETF/mutual fund like VTI and an Int'l stock ETF/mutual funds like VXUS. I don't...
by Bfwolf
Fri Aug 26, 2016 11:30 am
Forum: Investing - Help with Personal Investments
Topic: How did I do?
Replies: 34
Views: 2614

Re: How did I do?

There's probably pretty good logic for just putting all your money in a target retirement fund like the Vanguard Target Retirement 2050 fund VFIFX. According to the data I have, the 10 year standardized return is 6.19% The Vanguard 500 Index Fund Investor Class (VFINX) standardized return is 7.62% ...
by Bfwolf
Fri Aug 26, 2016 12:35 am
Forum: Investing - Help with Personal Investments
Topic: How did I do?
Replies: 34
Views: 2614

Re: How did I do?

I would second the suggestion to read If You Can or something like the Bogleheads Guide to Investing. It's difficult to even have an appropriate conversation here because you'll be on such a different wavelength from the rest of this forum without the minimal background knowledge. I realize that is ...
by Bfwolf
Wed Aug 24, 2016 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Max HSA If Investment Options Suck?
Replies: 3
Views: 333

Re: Max HSA If Investment Options Suck?

My workplace contributes $1,000 annually to HSA account, offered through UMB Bank. The account is set up such that any money in the account above $1,000 gets placed in Fidelity Investments Money Market (FMPXX, er = 0.18%). There don't appear to be other investment options. Any advice is appreciated...
by Bfwolf
Mon Aug 22, 2016 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Sold startup at age 25, need portfolio help!
Replies: 12
Views: 2678

Re: Sold startup at age 25, need portfolio help!

I think you should have 2 big buckets of money: 1) Retirement money and an asset allocation for that. 2) Short term money that is held primarily in cash or maybe a combination of cash and CDs. I don't see any need for you to have riskier investments especially since you are planning on a future star...
by Bfwolf
Tue Aug 16, 2016 3:39 pm
Forum: Investing - Theory, News & General
Topic: Someone wants to pay me to manage their finances
Replies: 46
Views: 4450

Re: Someone wants to pay me to manage their finances

It's illegal for you to provide specific investment advice for money without getting licensed.

https://www.kitces.com/blog/are-the-lic ... -too-easy/
by Bfwolf
Tue Aug 16, 2016 1:39 am
Forum: Personal Consumer Issues
Topic: Temporarily switching from Verizon to T-Mobile
Replies: 16
Views: 1295

Re: Temporarily switching from Verizon to T-Mobile

Just thinking out loud...I don't need to be able to respond to texts and voicemails right away, just within a day or so. So maybe getting the $40 Verizon plan in concert with local SIM cards would make sense. I could use the local SIM cards primarily and swap in my Verizon SIM card once a day to che...
by Bfwolf
Tue Aug 16, 2016 1:23 am
Forum: Personal Consumer Issues
Topic: Temporarily switching from Verizon to T-Mobile
Replies: 16
Views: 1295

Re: Temporarily switching from Verizon to T-Mobile

Check with Verizon again. I believe they just added the option of international coverage for $40 for a month. I assume this was to compete with a similiar offering from AT&T. I wasn't aware of this, but there is in fact such a plan. $40 for 100 minutes of phone, 100 text sent (unlimited receive...
by Bfwolf
Tue Aug 16, 2016 1:15 am
Forum: Personal Consumer Issues
Topic: Temporarily switching from Verizon to T-Mobile
Replies: 16
Views: 1295

Re: Temporarily switching from Verizon to T-Mobile

richardglm wrote:If you want to avoid porting twice, and you don't need texts, and are willing to pay for two services, you can set up a NEW t-mobile number and forward your verizon number to it.


This doesn't work for texts AFAIK.
by Bfwolf
Tue Aug 16, 2016 1:14 am
Forum: Personal Consumer Issues
Topic: Temporarily switching from Verizon to T-Mobile
Replies: 16
Views: 1295

Re: Temporarily switching from Verizon to T-Mobile

techrules wrote:Dint TMO have a unlimited 4G in Europe offer around now?


It expires August 31st. I'll be there after that.
by Bfwolf
Mon Aug 15, 2016 10:29 pm
Forum: Personal Consumer Issues
Topic: Temporarily switching from Verizon to T-Mobile
Replies: 16
Views: 1295

Re: Temporarily switching from Verizon to T-Mobile

Why not set up a # on Google Voice and then buy a local SIM card, it would be a lot cheaper and less hassle. I have a Google Voice # but not all my clients use it. I don't want them to have to use a different phone number. Plus all my other friends who would have to do the same or use WhatsApp, etc.
by Bfwolf
Mon Aug 15, 2016 10:07 pm
Forum: Personal Consumer Issues
Topic: Temporarily switching from Verizon to T-Mobile
Replies: 16
Views: 1295

Temporarily switching from Verizon to T-Mobile

I have a 29 day trip coming up to Europe. Right now I'm on a Verizon family plan with my parents. With the family plan economies of scale and the former employer discount I get, I'm only paying about $48 a month for cell phone service while my parents pay the rest. BUT, Verizon is not good for Int'l...

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