Search found 885 matches

by Da5id
Tue Jan 17, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 152
Views: 11944

Re: "Millennials may need to double how much they save for retirement"

I think the retirement incentives structure is just needlessly complicated. Most people do not enjoy or make the effort to study these things on their own even if those on the Bogleheads forum do. I know many people who just put retirement savings on a backburner because they don't understand and a...
by Da5id
Tue Jan 17, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22444

Re: Chase Sapphire Reserve

Da5id, this is what I was told by the Chase rep. As long as it is coded as a normal retail purchase (and not a "cash equivalent"), it counts. Again, I was forthright with the rep, gave my name and account number and did not hide my identity. Wasn't questioning that. Was wondering for thos...
by Da5id
Tue Jan 17, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22444

Re: Chase Sapphire Reserve

I actually called Chase customer service to confirm it was acceptable and they did so confirm. Similarly, for Chase Freedom current quarter (gas stations) as far as I can see in all their literature all they care about is that the merchant code is correct. So if you buy gift cards at your gas stati...
by Da5id
Fri Jan 13, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 152
Views: 11944

Re: "Millennials may need to double how much they save for retirement"

Ask anyone if they would prefer prefer private sector employment to that of a public sector job that offers lower pay but better benefits. Let me know what the consensus is, I think you'll be surprised. I personally am happy to take deferred compensation/more in 401k match/etc. But I assume compani...
by Da5id
Fri Jan 13, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 152
Views: 11944

Re: "Millennials may need to double how much they save for retirement"

This is my favorite part: "Among plan changes BlackRock suggests: higher default rates for employee contributions, requiring employees to contribute more to get the full match, auto enrolling older workers in “catch-up” programs that allow them to save more tax deferred, and making loans and e...
by Da5id
Fri Jan 13, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 152
Views: 11944

Re: "Millennials may need to double how much they save for retirement"

I think that comparing the percentages that one saves for retirement is not reflective of how much one is actually saving. My husband and I are both millennials. We both max our 401k and Roth. For me, the $23,500 that I save during the year between the two is equal to about 38% of my income. Husban...
by Da5id
Fri Jan 13, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 152
Views: 11944

Re: "Millennials may need to double how much they save for retirement"

I guess I'm not paranoid after all, since the market is out to get me. Is 25-30% the new 10-15%? Did I read the same WaPo article as you did? The one I read said that the old rate necessary was 6.4% and the new rate necessary is 14.4%, so I don't see much of a problem here. I'm with livesoft. WaPo ...
by Da5id
Fri Jan 13, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 5958

Re: Where do you keep your emergency fund?

CapitalOne 360 Money Market - 1%. I do this too. But note that I got there by chasing a bonus ($500 for $50000 deposit). If you want to get more yield safely out of your emergency fund and are up for the hassle of switching accounts around, you can use it to grab new account bonuses periodically...
by Da5id
Thu Jan 12, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 182
Views: 11149

Re: Annual Vacation Budget

I don't have Asperger's, but I went to Disney once (with first child and near family in Orlando) and never again. I hate the place and what it stands for. I don't feel that it has deprived my kids of anything meaningful. One trip to the Galapagos > 20 trips to Disney. Some love Disney, some hate it...
by Da5id
Thu Jan 12, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: How to politely fire my financial advisor
Replies: 66
Views: 6231

Re: How to politely fire my financial advisor

You Just slip out the back, Jack Make a new plan, Stan You don't need to be coy, Roy Just get yourself free Hop on the bus, Gus You don't need to discuss much Just drop off the key, Lee And get yourself free Agree with the posts above. Initiate the transfer, then say what you feel like you need to ...
by Da5id
Wed Jan 11, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 182
Views: 11149

Re: Annual Vacation Budget

Plus, never said the 2 examples were exactly the same - which is by definition impossible. So there was no way to set up an equivalency - false or otherwise. IMHO not merely are they not the same, they are unrelated. You seemed to suggest they were somehow comparable, I don't believe so. Which bogl...
by Da5id
Wed Jan 11, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases
Replies: 72
Views: 6576

Re: Amazon Prime Rewards Visa Signature Card

I often get the 5% by using my Chase Freedom to buy Amazon gift cards. e.g. currently can buy Amazon Gift Cards at gas stations this quarter and get 5% that way. I value ultimate rewards points more highly than the 5% cash myself. I spend a reasonable amount at Amazon, so I don't mind buying ahead a...
by Da5id
Wed Jan 11, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 182
Views: 11149

Re: Annual Vacation Budget

I am going to switch my portfolio over to some 5% front loaded active mutual funds with 3% expense ratios. after all my money and there's no objective underpinning to these financial trade offs, right? If that were true, might the "r" word approach your lips (or keyboard)? I'll go ahead a...
by Da5id
Wed Jan 11, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22444

Re: Chase Sapphire Reserve

What if a book for a hotel in June for 400 dollars. I get the 300 dollars credit on my card and then if I cancel my hotel reservations, does the credit goes away or it works? Thanks, If you are looking to game them, why? Do you think you won't otherwise get the credit? I'd suggest not gaming them m...
by Da5id
Tue Jan 10, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22444

Re: Chase Sapphire Reserve

notoriusjt2 wrote:For those of you who already have this card...

Does the annual fee get billed on the first statement?


Yes.

The $300 credit shows up immediately too, as soon as something that qualifies posts. I paid for a hotel earlier this week, credit is already there...
by Da5id
Tue Jan 10, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11538

Re: How Bad was 2008, really?

I think it depends on where you were in life and what happened to you in particular. Barely a blip in the radar to me. I didn't lose my job and it didn't seem in jeopardy. I was maybe 70-80% stocks, but wasn't all that traumatized at the paper losses as I wasn't retiring any time soon. Our house was...
by Da5id
Mon Jan 09, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Selling Car - Private Sale vs CarMax vs Dealer
Replies: 42
Views: 3488

Re: Selling Car - Private Sale vs CarMax vs Dealer

I've sold to CarMax twice two pretty old cars. Price seemed reasonable (a bit below what KBB said), and no dealing with buyers, no exposure to lemon law issues, etc. CarMax wasn't high pressure and at least when I sold it you had 7 days to shop it elsewhere. But obviously you can get more if you sel...
by Da5id
Sat Jan 07, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3686

Re: Is a prenup always necessary when remarrying?

If each chose a degree with similar earning potential, sure. However, if an accountant marries an elementary teacher, why wouldn't the accountant insist on a prenup? If you want to entitled to earn as much as an accountant . . . well, then you should become an accountant. I guess we all have differ...
by Da5id
Sat Jan 07, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3686

Re: Is a prenup always necessary when remarrying?

Why only necessary when remarrying? Why not just plain old necessary. I don't understand why people get married without them . . . other than the basic fact that most people don't plan ahead for anything other than goldilocks. If you get married with fairly equal resources and no children from prev...
by Da5id
Sat Jan 07, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 182
Views: 11149

Re: Annual Vacation Budget

Don't even try to tell me what gives me "lasting happiness." Responding because I was in the chain. I agree with you, and think that if vacations give one no happiness one should not do them. If luxury cars give one happiness and one can afford them, one should buy them. I'm not much of a...
by Da5id
Fri Jan 06, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 182
Views: 11149

Re: Annual Vacation Budget

What exactly are you debating? Blowing money on a sports car would increase my happiness way more than fancy vacations, but I am extremely unlikely to do either even though we can probably afford both (to an extent). The logistics of vacations usually result in me being much less relaxed than I am ...
by Da5id
Fri Jan 06, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 182
Views: 11149

Re: Annual Vacation Budget

I personally really value interesting experiences growing up, including travelling, and enjoy taking my kids to different places, some of which are expensive. e.g. looking at doing Galapagos one of these years. I would do Galapagos sooner rather than later. There is talk of severely restricting acc...
by Da5id
Fri Jan 06, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 182
Views: 11149

Re: Annual Vacation Budget

Zero dollars. I'd rather spend it on a nice car; at least it doesn't depreciate as quickly as a vacation (which goes to zero as soon as you get home). I notice here that spending a lot on a car is often disparaged, but vacation spending seems more popular. Why is one more wasteful than the other? S...
by Da5id
Fri Jan 06, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 182
Views: 11149

Re: Annual Vacation Budget

What is your average annual budget/spending for vacations (Family of 2-4)? I am trying to step up a little bit on my vacation spending (live a little!) but do want to spend too much. Currently I am thinking 8-10k for three people. Other than to keep up with the Jones, why do you care what others ar...
by Da5id
Fri Jan 06, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3686

Re: Is a prenup always necessary when remarrying?

Swansea wrote:Proposing a prenup to your intended can often cause you to receive a frosty reception, but one needs to do what one feels is best.


I think "it is to protect the children" might go over better than "it is to protect me". But yes, of course it could be an awkward conversation.
by Da5id
Fri Jan 06, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22444

Re: Chase Sapphire Reserve

Yes, I literally don't travel at all. Haven't taken a vacation in 10 years. Hoping to take the wife away for one night in February, which would use up the $300 travel credit for a hotel. I'm not familiar with the Chase rewards system. Is there anything else worthwhile that would be worth more than ...
by Da5id
Thu Jan 05, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 176
Views: 28770

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

The kid's welfare isn't very well served if they're taught by example that doing whatever they want is OK as long as they can escape the consequences. Obviously our opinions differ. I think teaching lessons is a priority among many, and rather less than others. You appear to think it is paramount, ...
by Da5id
Thu Jan 05, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 176
Views: 28770

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

You need to understand the context of my comment, specifically the children. You don't want them learning one can escape consequences for bad behavior with smooth talk and bullying. The last thing OP's sister needs is one of the children adopting dear old dad as a role model because he got the best...
by Da5id
Thu Jan 05, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22444

Re: Chase Sapphire Reserve

If I understand this correct, I'll get a $1000 cash bonus for signing up, a $300 travel credit for 2017 all for the annual fee of $450, so I'm making $850 just for signing up and spending $4000 in 3 months. Nothing hidden and I can cancel in a year since I don't travel at all and won't have any of ...
by Da5id
Thu Jan 05, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22444

Re: Chase Sapphire Reserve

Update, the 100K bonus on the Chase Sapphire Reserve ends Jan 11th. I applied for one and got approved yesterday. Going to try and get one for my wife and hope we can come up with $4K in spending for both cards Google around, there are creative ways to spend ahead without wasting. I pre-paid our in...
by Da5id
Thu Jan 05, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 223
Views: 18092

Re: How much is your cell phone bill?

$50/mo for 2 phones on Cricket. I'm curious about RingPlus. If it's free how are they in business? Volume. Their web page says: Are some of your plans really free? How can you do that? You bet they are. We use the advertising revenue to offset the plan cost, so if you can snag a spot during one of ...
by Da5id
Thu Jan 05, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 176
Views: 28770

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

She needs to stay strong and not let BIL off the hook if for no other reason that the children's sake. Although it might be painful they need to see that actions like this can have bad consequences. Letting BIL slide by with few or no consequences might teach them an entirely different lesson. I ag...
by Da5id
Wed Jan 04, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance?
Replies: 12
Views: 809

Re: How much term life insurance?

Did you look up what Social Security would pay your children (through age 16) and your wife as their caretaker? When I calculated the coverage that I needed, I did not consider social security and over purchased. This is a good point, and it is substantial amounts of money to your wife and kids. Yo...
by Da5id
Tue Jan 03, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5253

Re: Is Tax Loss Harvesting Worth the Hassle?

Tax loss harvesting is less hassle than downloading a monthly or quarterly statement. Once you have your pairs decided it is a click to exchange from one to the other. Not convinced that funds have any disadvantage over ETFs. Have done both. If you have automated dividend reinvesting turned on, som...
by Da5id
Tue Jan 03, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: My niece got accepted to Georgetown and we may have to pay for it.
Replies: 58
Views: 6673

Re: My niece got accepted to Georgetown and we may have to pay for it.

I'd propose we drop the derail on how to not pay ones debts.
by Da5id
Tue Jan 03, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: My niece got accepted to Georgetown and we may have to pay for it.
Replies: 58
Views: 6673

Re: My niece got accepted to Georgetown and we may have to pay for it.

She must have failed to apply. She is driving the boat on this one, her parents are out of their league here. Me too actually- it's been awhile and i didn't apply for financial aid back then. This was a long shot (although not surprising given her academic record) and we are still reeling from the ...
by Da5id
Tue Jan 03, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: My niece got accepted to Georgetown and we may have to pay for it.
Replies: 58
Views: 6673

Re: My niece got accepted to Georgetown and we may have to pay for it.

She must have failed to apply. She is driving the boat on this one, her parents are out of their league here. Me too actually- it's been awhile and i didn't apply for financial aid back then. This was a long shot (although not surprising given her academic record) and we are still reeling from the ...
by Da5id
Tue Jan 03, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: My niece got accepted to Georgetown and we may have to pay for it.
Replies: 58
Views: 6673

Re: My niece got accepted to Georgetown and we may have to pay for it.

She needs to apply to more schools, that hopefully pay more benefits. She might get a free ride elsewhere. If she is not in US, I guess you can't do much about it except suggest. I thought one of the details of the "early action" program was an agreement to withdraw other applications. Of...
by Da5id
Tue Jan 03, 2017 11:50 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 5253

Re: Is Tax Loss Harvesting Worth the Hassle?

1) Is tax loss harvesting worth the hassle? I know some of you will say "what hassle?"...but anything which requires me to sell seems like a hassle and has the potential to take me off course. I am planning to hold my funds until the end of time (or retirement- whichever comes first). I w...
by Da5id
Tue Jan 03, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 961
Views: 119067

Re: What's Your Credit Card Rewards Strategy?

Has anyone looked into the Marvel Mastercard? I'd feel somewhat embarrassed to have a picture of Iron Man or a Captain America shield on my credit card, but 3% cash back on dining (and "select entertainment," among other categories) sounds appealing for when Discover and Chase Freedom are...
by Da5id
Thu Dec 22, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve Travel Credits, timing issue.
Replies: 4
Views: 470

Re: Chase Sapphire Reserve Travel Credits, timing issue.

How does the $300 travel credit work? So If I charged my card for $300 on travel expenses in December 2016 , it this counted towards FY16? In FY17, I would get another $300 travel credit? Lots of questions about this, there is another thread active. Depends on when the billing statement date is. Or...
by Da5id
Thu Dec 22, 2016 3:24 pm
Forum: Personal Consumer Issues
Topic: Afraid of retirement??
Replies: 55
Views: 4083

Re: Afraid of retirement??

I think for many of us, retirement is a time to look forward to to be able to enjoy our freedom and free time. Recently I've run across a number of working people in their sixties who have a real fear of retiring. Typically they say they don't have a passion or routine and are afraid, and it appear...
by Da5id
Thu Dec 22, 2016 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Simple Bond Question - Stay or go back to TBM
Replies: 11
Views: 1498

Re: Simple Bond Question - Stay or go back to TBM

In early December I exchanged Total Bond Market Index for Intermediate Term Bond Index in order to take advantage of a TLH opportunity. I will be eligible to switch back in early January after both the Wash Rule and Frequent Trading restriction expires. My question is, in a rising rate environment,...
by Da5id
Tue Dec 20, 2016 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing credit card rewards
Replies: 8
Views: 688

Re: Maximizing credit card rewards

You would already get a 2% rebate with a Costco Visa( 4% on gas), or many other credit cards so you would only be getting an extra 3%. For $1,000 that would net you an extra $30. To me that is not worth the risk or hassle. If you are playing the game, Chase Freedom points -> Chase Sapphire-xxx -> U...
by Da5id
Tue Dec 20, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing credit card rewards
Replies: 8
Views: 688

Re: Maximizing credit card rewards

Only that you'll likely to end up spending more than you normal would without a credit card. I agree with this. If you buy Costco or Amazon dollars in advance to get some bonuses, you need to stay disciplined to not think of the money on the store gift cards as a freebie. Otherwise the $50 you are ...
by Da5id
Tue Dec 20, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22444

Re: Chase Sapphire Reserve

I don't think you're going to get much sympathy on this one. Millions of customers (including myself, in the interest of full disclosure) signed up for this card with the knowledge/intent to 'game the system'. Now that people didn't do their due diligence and couldn't double-dip, they're upset. :co...
by Da5id
Tue Dec 20, 2016 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 191
Views: 22444

Re: Chase Sapphire Reserve

You've likely missed the 2016 credit as it has to be charged in the December billing cycle. I rec'd my card in late November and quickly made a travel charge before the Dec 14th billing cycle close. I'll get another $300 in 2017 and could cancel the card before the second annual fee hits (but I bel...
by Da5id
Tue Dec 20, 2016 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: AMEX Blue Cash Everyday vs Preferred offers
Replies: 13
Views: 1255

Re: AMEX Blue Cash Everyday vs Preferred offers

For everyone's information, with a $95 annual fee, the breakeven point vs. a no-annual-fee 2% cash back credit card is $2375 on groceries, or $46/wk. When comparing to the Blue Cash Everyday card, the breakeven point is $3166. I will stick with Blue Cash Preferred through the rest of my card year s...
by Da5id
Tue Dec 20, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Another "OMG why did my portfolio fall" question!
Replies: 30
Views: 4117

Re: Another "OMG why did my portfolio fall" question!

Would you be equally amazed/perplexed if the market went down and your portfolio climbed? If only any of us could predict such movements. Not relevant here. When you have S&P 500 fund, and S&P is up and your fund is down, it is indeed odd. Likewise total market. If S&P is up a moderate ...

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