Search found 1433 matches

by Carl53
Tue Dec 12, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Any experience with Redneck Money Market? (1.5%)
Replies: 7
Views: 580

Re: Any experience with Redneck Money Market? (1.5%)

Had it for a number of years without any problems. Once upon a time it paid 3%. Eventually it drifted down to about 1% and is now back up to 1.5%. Balances above 35k only pay 0.5%. Personally, I use it primarily to autopay off CC bills and replenish it every few months.
by Carl53
Tue Dec 12, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ally no penalty 11 month CD rate increased to 1.50% this morning
Replies: 77
Views: 11600

Re: Ally no penalty 11 month CD rate increased to 1.50% this morning

sunny_socal wrote:
Tue Dec 12, 2017 2:10 pm
Why bother with a CD when there's a 1.5% Money Market account?

https://redneck.bank/mega-money-market/
I've had this account for a number of years, but it is limited to $35k, above which the interest rate drops to 0.5%.
by Carl53
Tue Dec 12, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: High yield savings account
Replies: 13
Views: 1270

Re: High yield savings account

Considering helping my inlaws to open Ally no penalty CDs. 1.6% with no penalty, just about as good as savings account that they seldom need to access.
by Carl53
Tue Dec 12, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: best cashback credit card ?
Replies: 47
Views: 3462

Re: best cashback credit card ?

I dropped mine when earlier this year when the fee went to $95 (and announced that gift card purchases would no longer be rewarded). I believe they still waive the fee the first year. I switched to the no fee everyday version of the card as grocery purchases without any purchases of discounted gift...
by Carl53
Tue Dec 12, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: Access to landlocked timber blocked by landowner
Replies: 30
Views: 2994

Re: Access to landlocked timber blocked by landowner

If it were me, and I wasn't too emotionally invested in the land, I'd sell it and walk away (if you don't get good news from your lawyer). Landlocked land is usually bad news, particularly if you don't have hard and fast legal access. Even if you get this sorted out and everything goes back to norm...
by Carl53
Tue Dec 12, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 58
Views: 4763

Re: Year end review with less nerdy spouse

We are years beyond doing the monthly budgets and tracking spending details which often left my spouse upset. We now keep each other in check by her mentioning certain desires or potential spending items which I often will readily endorse, or offer alternatives or me bringing up our current net wort...
by Carl53
Tue Dec 12, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: best cashback credit card ?
Replies: 47
Views: 3462

Re: best cashback credit card ?

I dropped mine when earlier this year when the fee went to $95 (and announced that gift card purchases would no longer be rewarded). I believe they still waive the fee the first year. I switched to the no fee everyday version of the card as grocery purchases without any purchases of discounted gift ...
by Carl53
Sun Dec 10, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for Filing Jointly
Replies: 6
Views: 413

Re: Preparing for Filing Jointly

You could use your tax software to do a dummy joint return based upon your current incomes and withholding. If your employer offers the option to have additional fixed $ amounts withheld for income taxes, just take the extra amount that you would need for next year out of one or both of your checks....
by Carl53
Tue Dec 05, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: Lowering My Grocery Bill
Replies: 110
Views: 7041

Re: Lowering My Grocery Bill

Our local grocery chain closed early this year where we typically bought half of our groceries. Now we probably buy 60% at Kroger primarily buying items 'on sale' and load their free coupons each Friday and other desired coupons when otherwise offered. Got 3 13 oz jars of Nutella for 29 cents each a...
by Carl53
Tue Dec 05, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: should I use vanguard's 2 step verification sign in
Replies: 34
Views: 3568

Re: should I use vanguard's 2 step verification sign in

livesoft wrote:
Mon Dec 04, 2017 12:53 pm
Sure, why not? I use it. One can always turn it off after trying it out if one doesn't like it or loses their phone that receives text messages.
How does one turn it off if you lose the phone receiving the text messages?
by Carl53
Tue Nov 21, 2017 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Newly built home. sell or rent?
Replies: 29
Views: 1889

Re: Newly built home. sell or rent?

GoldenFinch wrote:
Tue Nov 21, 2017 6:48 am
There won’t be capital gains taxes unless she made more than 250k (profit) on the sale as a single person, or 500k if she is married filing jointly.
OP fiance has not lived in the home two of the last five years and does not qualify for this tax treatment.
by Carl53
Tue Nov 21, 2017 6:48 am
Forum: Personal Consumer Issues
Topic: service life of (walk behind) lawn mower?
Replies: 45
Views: 2946

Re: service life of (walk behind) lawn mower?

Got a 40 year old Roper that I inherited from my grandfather 35 years ago. It had heavy use for the first 10 years or so and ultimately the self propelled drive developed problems. I jury-rigged it so that it now is just push. Use it for areas around the pool (probably 700 sqft), although I probably...
by Carl53
Mon Nov 20, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Volunteer to be laid off? [OP Update]
Replies: 38
Views: 3582

Re: Volunteer to be laid off?

Sounds like you have a great plan and opportune timing. BTDT with my previously great company of 35yrs. (I hired in HS@age 17, and the company paid for 5 degrees and put up with me... through 10+ great job assignments) tho I would have jumped earlier if availed the opportunity. I had several friend...
by Carl53
Fri Nov 10, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: Septic tank - deal killer?
Replies: 47
Views: 4146

Re: Septic tank - deal killer?

We live in a 40 year old house with an aerated septic tank and leach bed. Over the last 28 years the tank has been pumped 4 times and the aerator changed at least 3 times. Every couple of months i pull the aerator to clean the shaft of hair. Most months i dump a dose of ride in the commode and perha...
by Carl53
Fri Nov 10, 2017 9:19 am
Forum: Personal Consumer Issues
Topic: Savor credit card
Replies: 20
Views: 1947

Re: Savor credit card

Their webpage states that only Amazon Kindle book purchases qualify.

https://cashplus.usbank.com/merchants/d ... ts%2Findex

This card appears to have category offerings that change quarterly. Too much to monitor for me.
by Carl53
Fri Nov 10, 2017 6:23 am
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 2852

Re: Home backup generator experiences

I've had two large generators...a Cummins Onan 30kw and a Kohler 37kw. Both propane. The propane supply that we had would last about two weeks running 24/7 and around three weeks if we ration at night. How large of a propane supply do you have? My inlaws have a 20kw unit, I remember thinking that t...
by Carl53
Thu Nov 09, 2017 10:02 pm
Forum: Personal Consumer Issues
Topic: Should I bail on AT&T and Directv?
Replies: 25
Views: 1933

Re: Should I bail on AT&T and Directv?

We had slow DSL, and went with this ATT device at $20 per month. https://www.att.com/cellphones/att/wireless-home-phone-and-internet.html#sku=sku7130587 We are over the 22GB limit but have not noticed the slowdown for use with a desk computer on a router servicing an iPad with WiFi. When I check spe...
by Carl53
Thu Nov 09, 2017 5:40 am
Forum: Personal Consumer Issues
Topic: Coffee
Replies: 51
Views: 3991

Re: Coffee

Traffic growth for large chains is growing, while declining for small chains and independent operators. Large chains have begun to acquire smaller. I would guess this is largely an urban phenomenon. Out here in rural America where the nearest Starbucks is 100 miles down the road, I can think of a d...
by Carl53
Sun Oct 29, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Ohio Teacher
Replies: 10
Views: 1034

Re: Ohio Teacher

Hello All! I just started teaching at a new district in Ohio and they match our 14% State teachers retirement contribution with an additional 9%, so 23% total(automatically vested so if I were to ever get out of education I would still be able to keep this extra 9% from the district)..I am extremel...
by Carl53
Sun Oct 29, 2017 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Help Planning Mom's Finances after Dad Passed
Replies: 27
Views: 2390

Re: Help Planning Mom's Finances after Dad Passed

You might consider a high yield savings account for one year of expenses and some CDs for a few years of expenses. Regarding SS, your mom probably can take survivor benefits now at age 60 if she wants. Her FRA, as a survivor is different than it is for her own benefits, likely 66 years 2 months. If ...
by Carl53
Fri Oct 20, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 28
Views: 4297

Re: 2018 IRS tax information

Also, 2018 401k, IRA and pension info.

https://www.irs.gov/newsroom/irs-announ ... 0-for-2018
by Carl53
Wed Oct 18, 2017 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion
Replies: 1
Views: 238

Re: Roth IRA Conversion

We've done that before without any problems.
by Carl53
Sun Oct 08, 2017 8:19 am
Forum: Investing - Theory, News & General
Topic: Vanguard's long-term outlook for TIPS
Replies: 92
Views: 7531

Re: Vanguard's long-term outlook for TIPS

Our two forays into TIPS, outside of a shortlived position in the Vanguard Tips fund, led me to come to the conclusion that TIPs were not for us. Both times interest rates dropped substantially, we sold and profited nicely. The amount of profit, and the fact that despite several years having elapsed...
by Carl53
Sun Oct 08, 2017 6:49 am
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 4486

Re: Too much house? (nervous 1st time buyer)

Is the house a better value than others in its neighborhood? This is critical if the need to sell in the next decade. Then single son bought a HUD repossessed home for substantially less (130k) than it had been originally sold (215k) for less than a decade prior and less than neighbors had into thei...
by Carl53
Sat Oct 07, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5992

Re: Pension Freeze - What did you do?

My company froze pensions for newer employees in the early 2000s. I bailed at 55 a few years later after looking at the company's future and the likelihood that the management would do anything to enrich themselves. I was able to take the pensions (I had two) under a leveling program that allowed ea...
by Carl53
Mon Sep 25, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: Roth Conversion and Strategy
Replies: 25
Views: 3011

Re: Roth Conversion and Strategy

In our 60s we have been converting to the top of the 15% bracket. TIRA annual gains have exceeded our plan and as such the pretax accounts have been increasing in value. The plan has been to continue to convert in our 70s as necessary to the top of whatever bracket we are in. That bracket is startin...
by Carl53
Sun Sep 10, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Open a HELOC? With whom?
Replies: 13
Views: 1072

Re: Open a HELOC? With whom?

We opened one a few years ago with a local credit union that we had used for many years. While it was post full time employment, and my lower pension income in place, I pointed out that I could have substantial SS income if necessary. There were no fees up front, not even for the appraisal. Circumst...
by Carl53
Sun Sep 03, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Maximum Medical Deduction
Replies: 8
Views: 801

Re: Maximum Medical Deduction

You may also want to do what I've been doing and use the the large LTC expense deduction to convert more of your traditional IRA to Roth. You should be able to convert a fairly large amount at 15% and still stay under the IRMAA threshold. This will reduce my RMDs when I will be filing as a single t...
by Carl53
Sun Sep 03, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio feedback
Replies: 20
Views: 1582

Re: Portfolio feedback

Regarding your advice about selling the metal fund in smaller amounts - isn't capital gains taxed at a fixed rate (15% in my case I think) regardless of the total amount of gains? I believe you are correct but have not personally had very large gains in any one year that were claimed. Just remember...
by Carl53
Sun Sep 03, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Question about Vanguard investment dividend.
Replies: 8
Views: 571

Re: Question about Vanguard investment dividend.

Vanguard Target Retirement 2055 Fund (VFFVX) Overview Price & Performance Portfolio & Management Fees & Minimums Distributions News & Reviews Distributions Distributions for this fund are scheduled Annually We do not hold this fund but hold other similar funds by VG in some accounts. They pay distr...
by Carl53
Fri Sep 01, 2017 11:44 am
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 18387

Re: [Are the Bogleheads] getting less interesting?

Really miss sscritic's posts and sometimes well deserved poke in the eye when I got the facts messed up. I also miss the poll/survey option, as it occasionally brought out surprising thoughts and tendencies. Overall I find the bh forum to be somewhat less interesting these days although as of now I ...
by Carl53
Fri Sep 01, 2017 5:24 am
Forum: Personal Consumer Issues
Topic: Hurricane Harvey relief?
Replies: 42
Views: 3451

Re: Hurricane Harvey relief?

BrianMc wrote:
Thu Aug 31, 2017 10:23 pm
We really like Samaritan's Purse and we just made our donation:

https://www.samaritanspurse.org

They do a lot of wonderful work around the world for people who are really suffering. If you follow the link above, you can donate specifically for Hurricane Harvey Relief.
+1
by Carl53
Thu Aug 31, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and Rental Property Advice
Replies: 8
Views: 1021

Re: Asset Allocation and Rental Property Advice

Unless you are moving back into the USA rental soon, dump the rental.
by Carl53
Thu Aug 31, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio feedback
Replies: 20
Views: 1582

Re: Portfolio feedback

What are your investment options in the 401k? The fees you have shown are high.

You definitely are way over my comfort zone in amount of non index funds and individual stocks. Start with diminishing your metals fund and collecting the gains, but don't push yourself up to a higher tax bracket.
by Carl53
Sun Aug 27, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Additional healthcare inflation term due to one's own aging.
Replies: 5
Views: 498

Re: Additional healthcare inflation term due to one's own aging.

Back in 2008, when I built my retirement model, I used 3% overall inflation but 6% for health insurance premiums for out years. My history has been that my premiums have increased by nearly 10% per year, despite overall inflation being more in the 2% range. While this is huge, it is nothing as bad a...
by Carl53
Sun Aug 27, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (Teacher Edition)
Replies: 17
Views: 2324

Re: How am I doing? (Teacher Edition)

Got it on the TIRA for the EITC. Could the TIRA then possibly be used to "hack" the savers credit and get into a higher % reimbursed space due to lower AGI? Spendiso, can you post additional tax-related info so we can run some scenarios? Things like are you taking standard deduction or itemizing (a...
by Carl53
Sun Aug 27, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: Is ProtectMyID or other service worth it?
Replies: 12
Views: 984

Re: Is ProtectMyID or other service worth it?

CZjc1330 wrote:
Sun Aug 27, 2017 12:55 pm
Oh, once a year I apply for a new credit card or store credit to check the system. It has always worked, I receive a polite note that my accounts are frozen, etc.

Great idea. Had ours froze for the last 7 or 8 years except for temporary thaws but had not thought about such a test.
by Carl53
Sun Aug 27, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Salary History for Chemical Engineer
Replies: 30
Views: 5144

Re: Salary History for Chemical Engineer

ChemE One company location but with several logo changes on the fence. Base pay 1976 15.3k, 2008 132k - 7.1% IRR Including bonuses - 7.75% Regarding the big inflation years impact, the first 12 years had an IRR of 10%. Several years we got raises twice per year. Later years, not counting bonuses, 5....
by Carl53
Fri Aug 25, 2017 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 7028

Re: Sigh...I'm ready for criticism...how am I doing?

Be sure you have adequate life/disability insurance in place.

Put your efforts into keeping your family relationships a priority. Dump the 2nd house and knock out the school loan. Congratulations on a great start.
by Carl53
Thu Aug 24, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Rental car in Spain
Replies: 14
Views: 703

Re: Rental car in Spain

Small car gets my vote. Try to get an automatic if you can get one. Trying to squeeze into parking spots on steep streets in Bilbao in a small SUV with a standard shift was nerve wracking. Watching others use their bumpers on both ends to squeeze in to tight spots made me want to park it until we le...
by Carl53
Thu Aug 24, 2017 4:59 am
Forum: Personal Consumer Issues
Topic: Anyone use KUBRA EZ-PAY
Replies: 1
Views: 304

Re: Anyone use KUBRA EZ-PAY

No, but it looks like just another utility scheme to get a few more bucks. My water company just rolled out something similar touting it as a wonderful convenience. Now they want a fee for use of debit/credit cards as well as for echecks. I suppose I will go back to paper checks or dropping off the ...
by Carl53
Thu Aug 24, 2017 4:51 am
Forum: Personal Finance (Not Investing)
Topic: At age 66, should let my $1MM life insurance policy lapse?
Replies: 32
Views: 4551

Re: At age 66, should let my $1MM life insurance policy lapse?

I bought a 300k-15 year term policy in my late 50s to offset the potential reduction in pension payments (50% spousal) should I die early. Was it absolutely necessary, no but it made me feel better. I had developed detailed spreadsheet analyses for many scenarios and determined that my dying early w...
by Carl53
Sun Aug 20, 2017 6:51 am
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K Contributions Advice
Replies: 22
Views: 1640

Re: After Tax 401K Contributions Advice

I had after tax 401k contributions a couple of years about 20 years ago due to various circumstances. I recall one year I was determined to be highly compensated after the fact and had some contributions reclassified and another time I had exceeded the annual contributions due to the lag time it too...
by Carl53
Sat Aug 19, 2017 10:59 am
Forum: Forum Issues and Administration
Topic: Home Page Updated
Replies: 82
Views: 6658

Re: Home Page Updated

How do I now get to "View my posts" in the new format? I find that I often want to look back at threads that I've commented on. Thank you for all of your efforts. I assume you're using a mobile device and see the header (no sidebar). "View my posts" is not in the header, but it might be worth addin...
by Carl53
Sat Aug 19, 2017 10:02 am
Forum: Forum Issues and Administration
Topic: Home Page Updated
Replies: 82
Views: 6658

Re: Home Page Updated

What happened to a search of posts by the topic starter and the latest responder. Users are not highlighted and it does not look like there is a link on the user name. Is this gone? In progress? Thanks for the hard work - this is a fantastic site. Vic That feature was removed. How do I now get to "...
by Carl53
Sat Aug 19, 2017 5:04 am
Forum: Personal Finance (Not Investing)
Topic: New job, life changes
Replies: 26
Views: 2383

Re: New job, life changes

I suspect that you do not have enough deductions to itemize. If you do not marry, probably you should maximize your 401k since you will be in the 25% bracket. At least contribute enough until you will be down to the top of the 15% bracket, which you may still may be above. If still above you should ...
by Carl53
Sat Aug 19, 2017 4:15 am
Forum: Forum Issues and Administration
Topic: Home Page Updated
Replies: 82
Views: 6658

Re: Home Page Updated

How do I now get to "View my posts" in the new format? I find that I often want to look back at threads that I've commented on.

Thank you for all of your efforts.
by Carl53
Fri Aug 18, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: New job, life changes
Replies: 26
Views: 2383

Re: New job, life changes

Max your 401k unless it has high expenses. Between maxing the 401k and pretax medical you probably would be just at the top of the 15% bracket.
by Carl53
Thu Aug 17, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay off piggyback mortgage (80/10/10)
Replies: 8
Views: 852

Re: How to pay off piggyback mortgage (80/10/10)

Not sure why your lender made the comment about not paying more for the first few years, perhaps he meant that he would not benefit as much. At any rate you are likely in the 33% federal bracket. As such the school interest is not deductible but mortgage interest apparently is, so your effective rat...
by Carl53
Tue Aug 01, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: Pool Maintenance Savings
Replies: 26
Views: 2153

Re: Pool Maintenance Savings

Borax, muratic acid, occasional chlorine shock whether it looks like it needs it or not. I do leave a couple of chlorine tabs in a floater and use an old ozonator injector system. I think last night was the first time I shocked this year since the initial opening shock and it did just because. Pool ...