Search found 200 matches

by Chicago60
Fri Aug 26, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Hiring a Family Law / Divorce Attorney
Replies: 6
Views: 613

Re: Hiring a Family Law / Divorce Attorney

What criteria are important when selecting a divorce attorney? ... Does the prestige of the attorney impact the behavior of opposing counsel? For example, if one attorney is head of the local Bar Association might the performance of the other attorney be more deferential? Not in my experience, alth...
by Chicago60
Thu Aug 25, 2016 9:59 am
Forum: Personal Consumer Issues
Topic: Receiving refund for product in exchange for giving up right to sue
Replies: 9
Views: 1297

Re: Receiving refund for product in exchange for giving up right to sue

As usual, the lawyers are the only winners. Actually, I think society is the winner. These meritorious class actions act like private attorney generals. If these cases are not filed by lawyers (on a contingency basis), history suggests to me that corporations are much less likely to change their be...
by Chicago60
Thu Aug 25, 2016 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion or Tax Gain Harvest?
Replies: 7
Views: 678

Re: Roth Conversion or Tax Gain Harvest?

Kevin, thanks for those threads and suggested search terms. OP, my circumstances are very similar to yours. I, too, have been unable to reach a definitive determination on the correct approach to minimize taxes, nor have I seen any threads that have answered the question, although many have gracious...
by Chicago60
Tue Aug 23, 2016 7:46 am
Forum: Investing - Theory, News & General
Topic: Update: Emory & Columbia; New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt
Replies: 59
Views: 4577

Re: Update: & Columbia - Re: New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt

I wonder if there's going to be any consolidation. We're now at 9 lawsuits and counting, The lawsuits are filed in multiple jurisdictions so likely not consolidated in the traditional sense. But, the defendants might move that they be MDL'd (Multidistrict Litigation) and assigned to the same judge....
by Chicago60
Mon Aug 22, 2016 5:17 pm
Forum: Investing - Theory, News & General
Topic: Update: Emory & Columbia; New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt
Replies: 59
Views: 4577

Re: Update: & Columbia - Re: New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt

I wonder if there's going to be any consolidation. We're now at 9 lawsuits and counting, The lawsuits are filed in multiple jurisdictions so likely not consolidated in the traditional sense. But, the defendants might move that they be MDL'd (Multidistrict Litigation) and assigned to the same judge.
by Chicago60
Thu Aug 18, 2016 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow and Spending in Retirement
Replies: 18
Views: 1134

Re: Cash flow and Spending in Retirement

Depending of course on your circumstances and marginal tax bracket, you may want to sell some of the positions with gains held over a year and tax gain harvest.
by Chicago60
Wed Aug 17, 2016 4:09 pm
Forum: Investing - Theory, News & General
Topic: Update: Emory & Columbia; New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt
Replies: 59
Views: 4577

Re: Update: Emory & Columbia; New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt

Where do I find a lawyer to follow me around the grocery store to make sure I don't pick the wrong foods? And clearly we need to put a stop to online purchasing. How are the guardians supposed to supervise my shopping when it is done from home? I would not be the least surprised to see a suit again...
by Chicago60
Mon Aug 15, 2016 3:30 pm
Forum: Personal Consumer Issues
Topic: vacation ideas - October
Replies: 42
Views: 3212

Re: vacation ideas - October

Fall colors in New England would be quite nice, and I assume you can get there by car (if you do not travel too far east) within your time constraints.
by Chicago60
Mon Aug 15, 2016 3:22 pm
Forum: Personal Consumer Issues
Topic: What non-fiction tv shows or movies you like to stream on netflix, hulu ,and amazon?
Replies: 13
Views: 1032

Re: What non-fiction tv shows or movies you like to stream on netflix, hulu ,and amazon?

rec7 wrote:What non-fiction tv shows or movies you like to stream on netflix, hulu ,and amazon?


"Making of a Murderer" meets the requirements of your question and was compelling "TV" on Netflix.
by Chicago60
Mon Aug 15, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa 2% cash back
Replies: 30
Views: 3339

Re: Fidelity Rewards Visa 2% cash back

Anyone use this card? Do you like it? We have used Chase Freedom (now Unlimited) for the last 8 years. We've been happy with the card, the customer service, and the 1.5% cash back. It is the only cc we have, and we thought it might be wise to have a second. We are already Fidelity customers so 2% c...
by Chicago60
Mon Aug 15, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Where to report IRS impersonation scams
Replies: 26
Views: 1622

Re: Where to report IRS impersonation scams

Call your local police immediately. What do you expect some local policeman to do about a phone call from another country? I stand by my response. Your first phone call should be to your local police. They will know how to handle your complaint and escalate as needed. Sorry if you disagree. I disag...
by Chicago60
Mon Aug 15, 2016 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Any lawyers out there. Bike hits car, minor and parents have no insurance
Replies: 91
Views: 6451

Re: Any lawyers out there. Bike hits car, minor and parents have no insurance

I think this question (and many of the responses) is a subliminal Rorschach test revealing the backgrounds and biases of Bogleheads.
by Chicago60
Mon Aug 15, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: Advice about a stop in Chicago
Replies: 52
Views: 4353

Re: Advice about a stop in Chicago

Your hotel to Second City (the current show and performers are superb) is almost exactly 1.5 miles and worth it, if you can. They sometimes have tickets available on hottix for half price (plus fees): http://www.hottix.org/ The neighborhood for both the hotel and Second City are completely safe, day...
by Chicago60
Mon Aug 15, 2016 2:29 pm
Forum: Investing - Theory, News & General
Topic: Update: Emory & Columbia; New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt
Replies: 59
Views: 4577

Re: New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt

Where do I find a lawyer to follow me around the grocery store to make sure I don't pick the wrong foods? And clearly we need to put a stop to online purchasing. How are the guardians supposed to supervise my shopping when it is done from home? I would not be the least surprised to see a suit again...
by Chicago60
Wed Aug 10, 2016 12:38 pm
Forum: Investing - Theory, News & General
Topic: Update: Emory & Columbia; New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt
Replies: 59
Views: 4577

Re: New Fiduciary cases, about 403b's at MIT, Yale, & NYU

I personally don't like this at all, assuming that they did offer index funds with ER's below 0.10. This smacks of a law firm finding some cash cows - ones who don't want bad press - to sue and hoping to settle. I think it is sad... Who cares if Fidelity and MIT offered up 370 funds and some of the...
by Chicago60
Tue Aug 09, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: My friend doesn't meet the requirements for a conforming loan.
Replies: 32
Views: 2132

Re: My friend doesn't meet the requirements for a conforming loan.

Maybe she can borrow additional money from family so that the refinancing numbers prove more favorable.
by Chicago60
Tue Aug 09, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: My friend doesn't meet the requirements for a conforming loan.
Replies: 32
Views: 2132

Re: My friend doesn't meet the requirements for a conforming loan.

Does the divorce agreement provide parameters for her to get her ex off the mortgage and obtain a new loan (like a mortgage contingency would)? She should document all efforts she has made, and will make, in getting a new loan, conforming or otherwise. And, she probably should disclose to her divorc...
by Chicago60
Fri Aug 05, 2016 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Is my hypothetical retirement withdrawal plan sound?
Replies: 35
Views: 2789

Re: Is my hypothetical retirement withdrawal plan sound?

OP, this seems to work perfectly and is the very strategy I am working through. My question for you: change the hypothetical and double everything in taxable, basis in taxable, savings, and IRA. How would you determine how much to generate in harvesting gains at 0% taxes each year vs how much to con...
by Chicago60
Thu Aug 04, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Does Vanguard Allow Mega Backdoor Roth in an i401K?
Replies: 2
Views: 237

Does Vanguard Allow Mega Backdoor Roth in an i401K?

I opened a 401K at Vanguard this year as a sole proprietor and, as someone over 50, funded $24K with only the Roth component. I cannot find an answer to this question at the Vanguard website: can I contribute after tax money to the 401K and convert that contribution to a Roth?
by Chicago60
Thu Aug 04, 2016 11:01 am
Forum: Investing - Help with Personal Investments
Topic: No faith in stocks/bonds - Where to park cash?
Replies: 38
Views: 3741

Re: No faith in stocks/bonds - Where to park cash?

Hey BH, I don't have any faith in the stock market or bond market over the next year or so. Do I have any options other than 6month/1 year CDs or high yield savings accounts? I'm looking for capital preservation and slow slow slow growth - not trying to hit any HRs here. ATD Based on your age and c...
by Chicago60
Thu Aug 04, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Has Anyone Filed a Formal Complaint Against a Real Estate Licensee
Replies: 30
Views: 2188

Re: Has Anyone Filed a Formal Complaint Against a Real Estate Licensee

Update: The Bureau has a very narrow administration purview with a focus on administrative actions that are illegal for licensees (or actions that require a license). Their function is basically to suspend or revoke licensees. I'm just concerned that with someone this crazy you don't know what he w...
by Chicago60
Sat Jul 30, 2016 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401k for high earners
Replies: 21
Views: 2265

Re: Roth 401k for high earners

I'd place the 18K in a 401K for the current year. At $1 million/year this year, you KNOW you are in the highest tax bracket and can take advantage of the deduction. At what may be early retirement, you may not have other income other than your capital gains and qualified dividends, which would not p...
by Chicago60
Sat Jul 30, 2016 11:44 am
Forum: Personal Finance (Not Investing)
Topic: NYS Law: Should Umbrella Insurance Policy Cover Value of Retirement Accounts?
Replies: 7
Views: 880

Re: NYS Law: Should Umbrella Insurance Policy Cover Value of Retirement Accounts?

If you cause a loss, either you or your insurance company should pay for those damages, regardless of your net worth or the your asset-protection strategy. Very well said. Insurance companies deal with liability claims on a daily basis. Even when their claims committees and highly competent defense...
by Chicago60
Sat Jul 30, 2016 11:35 am
Forum: Investing - Theory, News & General
Topic: Roth Conversion
Replies: 4
Views: 321

Re: Roth Conversion

Yes. You may want to consider doing some searches within the forum for some suggestions on when it is economically advantageous to do so, and at what dollar amounts.
by Chicago60
Fri Jul 29, 2016 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I worry about FDIC limits if only a short time period is involved?
Replies: 21
Views: 1314

Re: Should I worry about FDIC limits if only a short time period is involved?

Nobody lost any money even during the financial crisis. Even the customers at the few banks that went under who had more than deposits than the FDIC insures didn't lose any money. I am not sure this is accurate. To be sure, when a financial institution goes under and the FDIC finds another to take ...
by Chicago60
Fri Jul 29, 2016 11:33 am
Forum: Personal Consumer Issues
Topic: Auto repair consumer fraud - lawyer
Replies: 10
Views: 986

Re: Auto repair consumer fraud - lawyer

... If we contact a lawyer what kind should it be, we are in Chicago. I'm sure they will consult for free. ... ... I'm feeling pretty defeated at this point, not because of any lawsuit, but the thought of being out hundreds of dollars for a repair (parts were about $700 from DH's quick lookup) that...
by Chicago60
Fri Jul 29, 2016 6:57 am
Forum: Personal Consumer Issues
Topic: Need advice, dealer sold me wrong year golf cart
Replies: 35
Views: 2193

Re: Need advice, dealer sold me wrong year golf cart

Your solution, and first step, is simple: listen to your wife. Your second step may be your problem: what do you do if/when the dealer refuses to take back the cart with a full refund?
by Chicago60
Thu Jul 28, 2016 2:47 pm
Forum: Personal Consumer Issues
Topic: Auto repair consumer fraud - lawyer
Replies: 10
Views: 986

Re: Auto repair consumer fraud - lawyer

Contact the Chicago Bar Association and ask for a referral for a Consumer Fraud lawyer.
by Chicago60
Wed Jul 27, 2016 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I worry about FDIC limits if only a short time period is involved?
Replies: 21
Views: 1314

Re: Should I worry about FDIC limits if only a short time period is involved?

Nobody lost any money even during the financial crisis. Even the customers at the few banks that went under who had more than deposits than the FDIC insures didn't lose any money. I am not sure this is accurate. To be sure, when a financial institution goes under and the FDIC finds another to take ...
by Chicago60
Wed Jul 27, 2016 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Question on Lender practice financing guaranty
Replies: 4
Views: 231

Re: Question on Lender practice financing guaranty

HUEY's suggestion above is sound. Hiring a local lawyer to review the docs and give you advice with experience in this specific field may also reveal, if you have the time, whether competitive financial institutions would likely loan the Company the money given the collateral without a personal guar...
by Chicago60
Wed Jul 27, 2016 9:56 am
Forum: Investing - Help with Personal Investments
Topic: New retiree seeking ideas for keeping portfolio proportions while minding taxes
Replies: 11
Views: 1159

Re: New retiree seeking ideas for keeping portfolio proportions while minding taxes

I would consider if this strategy made sense for you: (1) in year one, harvest capital gains in the brokerage account up to the very top of the 15% tax bracket which will effectively provide these gains tax free; (2) maintain your AA to your comfort level by using the excess of these gains over your...
by Chicago60
Wed Jul 27, 2016 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Should I worry about FDIC limits if only a short time period is involved?
Replies: 21
Views: 1314

Re: Should I worry about FDIC limits if only a short time period is involved?

"Short time period" for this issue in my mind is a day, or two. If I had to make a deposit in excess of FDIC limits, and the funds were going to sit in the financial institution for a day or two, I would probably not go through the hassle of depositing in 2 (or more) financial institutions...
by Chicago60
Sat Jul 23, 2016 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Binding Arbitration and Class Action Waiver
Replies: 4
Views: 461

Re: Binding Arbitration and Class Action Waiver

In my opinion, these provisions on a macro basis are terrible for consumers. On an individual basis, they seem to me reasonably irrelevant.
by Chicago60
Sat Jul 23, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing retirement spending power - Basic case study.
Replies: 23
Views: 3711

Re: Maximizing retirement spending power - Basic case study.

You are correct that the TIRA will have compounded tax free. WRONG. The tIRA will compound tax-DEFERRED. "Gil", I think you need to consider what appears to be the "standard scenario" in this forum. I've responded to your posts before and don't have time to crunch the numbers. B...
by Chicago60
Thu Jul 21, 2016 8:37 am
Forum: Personal Consumer Issues
Topic: Hyatt 2 free nights credit card
Replies: 40
Views: 2383

Re: Hyatt 2 free nights credit card

If we are going to suggest specific hotels: my favorite Hyatt property is the Grand Hyatt Kauai - it's a spectacular hotel in a spectacular setting. If you're into going to Caribbean resorts, the all-inclusives seem like a tempting option, but I haven't been to Hyatt's and can't recommend them pers...
by Chicago60
Thu Jul 21, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: TDBank promo just started easy $600
Replies: 78
Views: 9097

Re: TDBank promo just started easy $600

Appears you need to use direct deposit. Aside from paychecks and SS checks, can anyone comment on what could potentially be used for direct deposit? If you have an online savings account at Capital One 360 and, I would assume, most online banks, you can schedule monthly ACH transfers at no cost fro...
by Chicago60
Thu Jul 21, 2016 7:31 am
Forum: Personal Consumer Issues
Topic: Hyatt 2 free nights credit card
Replies: 40
Views: 2383

Re: Hyatt 2 free nights credit card

Yes, and yes. To really take advantage of this, you should consider researching on the Hyatt website and some travel blogs for Hyatt 7 or 6 star properties. We thought we received amazing value for the Zilara Cancun; so much so that we have now booked the Zilara Montego Bay with LW's 2 free nights, ...
by Chicago60
Wed Jul 20, 2016 9:59 am
Forum: Personal Consumer Issues
Topic: Anyone Skilled at Redeeming Credit Card Travel Points?
Replies: 25
Views: 1993

Re: Anyone Skilled at Redeeming Credit Card Travel Points?

My best advice is to click on one of the links below of the blogging experts I follow, and then do a search for ultimate rewards within the blog and get great information you can tailor for your specific circumstances: http://onemileatatime.boardingarea.com/ http://viewfromthewing.boardingarea.com/ ...
by Chicago60
Wed Jul 20, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Citibank checking account
Replies: 32
Views: 3454

Re: Citibank checking account

My limited experience: Last year I opened a Citigold account for two reasons: (1) I was awarded 40,000 or 50,000 (I do not remember) Thank You points for opening the account and maintaining some minimum balance for 3 months which I have used with my Citi Premier and Citi Prestige credit cards (50,00...
by Chicago60
Wed Jul 20, 2016 9:45 am
Forum: Personal Consumer Issues
Topic: Why did the car salesman stop replying to my emails
Replies: 78
Views: 7629

Re: Why did the car salesman stop replying to my emails

livesoft wrote:They went on vacation or quit their job or got fired.

This......and

wander wrote:Or call to ask them.


This.
by Chicago60
Mon Jul 18, 2016 7:19 am
Forum: Investing - Help with Personal Investments
Topic: New Job. Employer Offers 8% Dividend Fund. Catch?
Replies: 10
Views: 1291

Re: New Job. Employer Offers 8% Dividend Fund. Catch?

I wouldn't ask for any information or documents; based on the circumstances, I would simply tell your Mom not to invest.
by Chicago60
Fri Jul 15, 2016 7:47 am
Forum: Investing - Theory, News & General
Topic: 5-year CD rate
Replies: 9
Views: 1341

Re: 5-year CD rate

The best website I have found to list CD rates and reviews of financial institutions is: https://www.depositaccounts.com/blog/
by Chicago60
Thu Jul 14, 2016 4:26 pm
Forum: Investing - Theory, News & General
Topic: CD Rates Falling, But Yield Premiums Still Attractive
Replies: 7
Views: 1470

Re: CD Rates Falling, But Yield Premiums Still Attractive

Thanks immensely for the detailed thoughtful response. This helps me greatly. I am convinced, based on my calculations, that I need to transfer assets generating taxable income into other assets--first step is maturing CDs to the right muni bonds, and the second step is to analyze which ETFs should ...
by Chicago60
Thu Jul 14, 2016 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: When to file for bankruptcy, if at all?
Replies: 22
Views: 1506

Re: When to file for bankruptcy, if at all?

They have little choice other than to seek a Bankruptcy lawyer who can address answers to each of these important questions and can advise on feasible options. By definition, anyone filing for bankruptcy "cannot afford" a lawyer, but so long as there are some assets, it is money very well ...
by Chicago60
Thu Jul 14, 2016 8:06 am
Forum: Investing - Theory, News & General
Topic: CD Rates Falling, But Yield Premiums Still Attractive
Replies: 7
Views: 1470

Re: CD Rates Falling, But Yield Premiums Still Attractive

Kevin, excellent and helpful post as usual. I really think of you as the fixed income guru on this site. My fixed income portion of my asset allocation is, and has for 15 years been, almost exclusively in I-Bonds and 5 year CD ladders, using Ken Tumin's site as my primary resource to purchase new CD...
by Chicago60
Tue Jul 12, 2016 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for conversion of $1.8 million IRA
Replies: 63
Views: 6249

Re: Strategy for conversion of $1.8 million IRA

I think I have it figured out now, after referencing the examples you cited. The key is that ordinary taxable income fills the brackets first and then dividends and capital gains go on top of that. If ordinary income less deductions is below the 15% bracket threshold then capital gains and dividend...
by Chicago60
Mon Jul 11, 2016 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for conversion of $1.8 million IRA
Replies: 63
Views: 6249

Re: Strategy for conversion of $1.8 million IRA

Sorry, but my comment was not referring to those taking SS and I hope Bob's not my name's "No, it doesn't" was referring to the SS thing. :) Read example 3 in Kitces (actually read the entire article): https://www.kitces.com/blog/understanding-the-mechanics-of-the-0-long-term-capital-gain...

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