Search found 63 matches

by Luckywon
Thu Aug 31, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.
Replies: 11
Views: 1146

Re: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.

Assuming you want or need to stay at Schwab, what about holding MECMX (Blackrock Calif Municipal Opportunities Fund) at Schwab, which is no-load, no-commission there, net expense ratio %0.73, duration 5.7 years or so. Morningstar gives it 5 stars. You would use this for future purchases. Dividends ...
by Luckywon
Wed Aug 30, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8015

Re: Relative angry I will not co-sign

Came to me for $ and I said no, came to me to co-sign a loan and I said no, and now he is furious and won't speak to me. It may be hard for you to see this now but this is truly a double blessing. You are rid of a person capable of causing you great pain and at zero cost. Based on personal experien...
by Luckywon
Wed Aug 30, 2017 1:08 am
Forum: Investing - Help with Personal Investments
Topic: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.
Replies: 11
Views: 1146

Re: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.

Usually the issue with individual municipal bonds in a bond ladder is that if you want your money before any bond's particular maturity you will suffer a much greater spread loss than you would in a municipal bond fund. Also with individual bonds you lose a bond fund's diversity over 3000+ issues o...
by Luckywon
Wed Aug 30, 2017 1:07 am
Forum: Investing - Help with Personal Investments
Topic: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.
Replies: 11
Views: 1146

Re: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.

@LuckyWon I have been going through some similar considerations and have received similar advice from my Schwab rep. The alternatives I see are: Build your own muni ladder at Schwab Use a Schwab advised services (PIMCO, Eaton Vance, etc) to build a muni ladder Buy VCAIX in Schwab account Buy VCADX ...
by Luckywon
Wed Aug 23, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.
Replies: 11
Views: 1146

Re: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.

I hold 10,000 shares each of VCADX Vanguard California Intermediate-Term Tax-Exempt Fund Admiral Shares VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares in my taxable account at Vanguard and have had this 5 years, generating an average of 3.4% and no tax. I'm happy with that. As y...
by Luckywon
Wed Aug 23, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.
Replies: 11
Views: 1146

Re: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.

Follow up from OP: I spoke with a fixed income specialist at Schwab who suggested I consider a managed municipal bond ladder. He said the way this could work is that Schwab could set up an account where they would use for example PIMCO to implement a muni ladder. He said the equivalent of the ER wou...
by Luckywon
Wed Aug 23, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.
Replies: 11
Views: 1146

Deciding what to do about tax exempt fund in California, specifically VCAIX at Schwab.

I hold VCAIX in a taxable account at Schwab. Apparently there is an Admiral shares version of this, i.e. VCADX. Expense ratio for VCADX is 0.09 vs VCAIX 0.19. This would translate to a savings for me of close to $250/year (tax free) is I were to convert the shares which apparently can be done at Van...
by Luckywon
Sun Aug 20, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: In retirement how much drawdown from savings is needed to generate $150k/year in expenses?
Replies: 6
Views: 1744

Re: In retirement how much drawdown from savings is needed to generate $150k/year in expenses?

I am 10 years in. Drawing from taxable. I retired in December 2007. Shortly thereafter, a lot of the gain disappeared -- in fact, a lot of book losses appeared which I harvested like crazy in 2008 and 2009. Until this year I have been able to re-balance and sell equity with gains without paying tax...
by Luckywon
Sun Aug 20, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: In retirement how much drawdown from savings is needed to generate $150k/year in expenses?
Replies: 6
Views: 1744

Re: In retirement how much drawdown from savings is needed to generate $150k/year in expenses?

I recommend the TaxCaster app for doing estimates of federal income taxes. It is simple to enter various income types -- qualified dividends, capital gains, IRA withdrawals -- to get estimates of taxes based on different scenarios. Thanks delamer,that is a nice site! I wish it calculated automatica...
by Luckywon
Sun Aug 20, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9493

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

I would make sure all the assets are structured correct with an estate lawyer ASAP as well. +1 on this, emphasis that the lawyer has specific expertise in estate law. In the off chance event you are not a U.S. citizen, specifically mention this to the attorney. I am hoping for the best for your hus...
by Luckywon
Sat Aug 19, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: In retirement how much drawdown from savings is needed to generate $150k/year in expenses?
Replies: 6
Views: 1744

Re: In retirement how much drawdown from savings is needed to generate $150k/year in expenses?

Not too hard to figure out, probably $180k to $190k, filing Single, depending on itemized deductions. Easy enough to play with tax software and come within $1k. Oops, that $190k assumed all taxable... Yes, initially my withdrawals will be from taxable accounts. In my taxable account, current balanc...
by Luckywon
Sat Aug 19, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: In retirement how much drawdown from savings is needed to generate $150k/year in expenses?
Replies: 6
Views: 1744

In retirement how much drawdown from savings is needed to generate $150k/year in expenses?

I am contemplating early retirement (age 51 now) and estimate my expenses will be in the range of $150/year, excluding taxes. I have no pension and will need to rely on withdrawals from an approximately 50/50 combination of non tax advantaged accounts and IRA/401k type accounts. Relatively little mo...
by Luckywon
Sat Aug 19, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Leasing a vehicle
Replies: 22
Views: 3150

Re: Leasing a vehicle

While its very debatable whether its a good idea to lease or not in the first place, a good website discussion forum I think is LeaseHackr where deals related to car leases are posted and discussed. Basically I believe a deal can be good if at least 10 years worth of payments equals the MSRP of the...
by Luckywon
Sat Jul 15, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Estate Planning-Question on Trust
Replies: 11
Views: 962

Re: Estate Planning-Question on Trust

Based on the above, in my trusts I make the definition of incapacity very simple and allow the successor trustee to step in easily when needed. Why drag two doctors into the situation. If you are drooling, it is a waste of time, if you are not, and don't want to cede power to the successor trustee,...
by Luckywon
Sat Jul 15, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: Estate Planning-Question on Trust
Replies: 11
Views: 962

Re: Estate Planning-Question on Trust

Based on the above, in my trusts I make the definition of incapacity very simple and allow the successor trustee to step in easily when needed. Why drag two doctors into the situation. If you are drooling, it is a waste of time, if you are not, and don't want to cede power to the successor trustee,...
by Luckywon
Sat Jul 15, 2017 12:25 am
Forum: Personal Consumer Issues
Topic: Estate Planning-Question on Trust
Replies: 11
Views: 962

Re: Estate Planning-Question on Trust

If you are in the hospital unable to manage your own affairs, your successor trustee has no authority to act for you. Your designated POA can act for you, if the financial institutions decide to let her. Your co-trustee can manage/spend/use trust assets, pay your bills, etc.. Which has its own set ...
by Luckywon
Sat Jul 15, 2017 12:09 am
Forum: Personal Consumer Issues
Topic: Questions about security camera systems
Replies: 16
Views: 1758

Re: Questions about security camera systems

I had a hard wired system by Digital Watchdog installed. Huge mistake. It was expensive and support is very difficult to get as the end user. Buy this system and you are basically an annuity for the installer. Any little problem with it and you will be out $500-$1000 for your installer to come and t...
by Luckywon
Sat Jul 08, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Tail Coverage for Physicians
Replies: 1
Views: 359

Re: Tail Coverage for Physicians

The answer to your question likely varies from state to state and possibly from insurance company to insurance company. I think the only way you will know the answer for sure is by calling the carrier you will be dealing with and asking. Based on my experience, I would not even trust the insurance a...
by Luckywon
Sun Jun 25, 2017 3:17 pm
Forum: Personal Consumer Issues
Topic: Recommendation of Security Cameras for Exterior of House
Replies: 36
Views: 4931

Re: Recommendation of Security Cameras for Exterior of House

I have a 4 camera wired system by Digital Watchdog, namely DW Spectrum. Selecting a Digital Watchdog product was a costly mistake. It was installed by a certified technician 3 years ago at high expense. ($4000). It has been unstable and every time it needs to be fixed I have to pay $500-$1000 to get...
by Luckywon
Sun Jun 25, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: How much to pay for extra work (furniture delivery)
Replies: 9
Views: 990

Re: How much to pay for extra work (furniture delivery)

$25 sounds pretty (but not overly) generous to me.
by Luckywon
Sun Jun 25, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Aging parents
Replies: 13
Views: 1815

Re: Aging parents

Are you on the on the account as an "authorized signatory" or as a joint owner? My understanding from going this process myself is that an authorized signatory has access to the account but there are no liability, credit or tax consequences. For example, interest paid would be on a 1099 to the owner...
by Luckywon
Sun Jun 18, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 85
Views: 6708

Re: Do You Take Your Credit Card Receipts?

we always take them for two reasons: 1) Reconciling monthly statements is important due to the common scam of wait staff adding more tip that I have already added, and 2) Sales tax records for the occasional year when itemizing deductions will apply I have never noticed tip scamming on my credit ca...
by Luckywon
Thu Jun 15, 2017 12:05 am
Forum: Personal Consumer Issues
Topic: Repair or replace dryer?
Replies: 19
Views: 1350

Re: Repair or replace dryer?

Appreciate all the replies. I think I will pay one more time for the repair guy to fix it, but this time I will take notes and watch how he does it, so I can do it myself next time. Maybe even buy a spare pulley now, in case it is not available in the future.
by Luckywon
Tue Jun 13, 2017 7:16 pm
Forum: Personal Consumer Issues
Topic: Repair or replace dryer?
Replies: 19
Views: 1350

Re: Repair or replace dryer?

The other twist to this is that this dryer is stacked on a Maytag washer. I was online with Maytag and spoke with a sales person at Pacific Sales who said that the new Maytag dryers have different stacking kits now so they cannot be stacked on an old washer. So I have to replace both the washer and ...
by Luckywon
Tue Jun 13, 2017 6:42 pm
Forum: Personal Consumer Issues
Topic: Repair or replace dryer?
Replies: 19
Views: 1350

Re: Repair or replace dryer?

livesoft wrote:I just repair my dryer myself. It's pretty cheap to do and there aren't many moving parts, so it's easy to diagnose. The last time, I replaced the motor. Our dryer is 23 years old.


I wonder if I can do this, I'm pretty sure I know what has to be replaced. But where do you get the parts?
by Luckywon
Tue Jun 13, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: Repair or replace dryer?
Replies: 19
Views: 1350

Repair or replace dryer?

I have a Maytag gas dryer purchased Dec 2011 for $570. I have repaired it twice, most recently in July 2016, due to it making a loud noise requiring replacement of a pulley. Each time it was repaired it cost around $180. The noise is back! Would love to hear if others with this experience or knowled...
by Luckywon
Wed Jun 07, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 43
Views: 3338

Re: Gas station prices and quality

Los Angeles. At this moment, according to Waze App: 76 Gas station at 9930 National Blvd is $3.98/$4.19 for regular/premium United Oil at 9815 National Blvd is $2.86/3.06 for regular/premium The two stations are 0.2 miles, or three blocks, apart. Have you actually confirmed the prices, rather than ...
by Luckywon
Tue Jun 06, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 43
Views: 3338

Re: Gas station prices and quality

Where do you live that you see a price variance of $1? The most I ever see is about 10 cents in my area - but its usually more like a few cents difference (hardly worth even thinking about - not worth crossing traffic or driving an extra few blocks for). Los Angeles. At this moment, according to Wa...
by Luckywon
Mon Jun 05, 2017 9:27 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 43
Views: 3338

Re: Gas station prices and quality

I found this AAA report that essentially recommends Top Tier fuel very informative. It also taught me a lot about gasoline sales in the US. m This article explains everything about gas and then some! I'm a believer now in buying gas from a "Top Tier" brand. It seems there can be issues wi...
by Luckywon
Mon Jun 05, 2017 8:39 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 43
Views: 3338

Re: Gas station prices and quality

https://www.edmunds.com/car-care/is-cheap-gas-bad-for-your-car.html m I use Shell & Mobile, but my car has a turbo engine that tends towards running dirty. I alternate between the two every 5k miles so their particular detergents can work out whatever they can. I switch around because I recall ...
by Luckywon
Mon Jun 05, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 43
Views: 3338

Gas station prices and quality

I've always wondered why people choose to fill up at a particular gas station when prices more than $1/gallon cheaper are to be found 3 blocks away. I have filled up for 20 years at a United Oil gas station which is the lowest in my area by quite a bit and never noted any problem. Am I missing somet...
by Luckywon
Sat Jun 03, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

Further thoughts. If someone mistakenly deposits a check in my account I don't get to keep $45 of it and then send the rest back. I fail to see how this is much different. These funds weren't BofA's and I don't see how they are permitted to just dip into them at will. My thoughts exactly. I cannot ...
by Luckywon
Sat Jun 03, 2017 2:00 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

Seems most of the national B&M banks charge a fee for incoming wires except for their higher tier customers: m It's interesting that BA charges only $15 for an incoming wire. But they charged me $45! Anyway I don't think they were entitled to charge me anything, as I had no agreement or contrac...
by Luckywon
Fri Jun 02, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

Personally, I'd be extremely thankful that my screwup didn't result in the loss of the full 10K and get on with life. I've always found that if there's a cost attached to a screwup, then the lesson is burned into the brain a bit more permanently. m Please note that in the event you provide an incor...
by Luckywon
Fri Jun 02, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2129
Views: 372618

Re: What's Your Credit Card Rewards Strategy?

One important thing to consider, especially with the big purchases, is the "extended warranty" benefit a card provides. I have used this benefit twice, through American Express, and found their service fantastic. Better, in fact, than the service provided by the original manufacturer warra...
by Luckywon
Fri Jun 02, 2017 8:59 am
Forum: Personal Consumer Issues
Topic: avoiding spam?
Replies: 8
Views: 626

Re: avoiding spam?

Use yahoo mail which has "disposable" addresses. It's an easy way to accomplish what you want without having to deal with another forwarding company. The way it works, you are able to create, and delete, an unlimited number of related email addresses, all of which you can receive and send ...
by Luckywon
Fri Jun 02, 2017 8:37 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

You screwed up the wire instructions by giving the wrong number. I see this as being similar to an NSF fee for error on the check writers part. You did cause work for BoA through your error. And you are lucky that you dropped a number and didn't accidentally transpose two numbers instead and thus d...
by Luckywon
Thu Jun 01, 2017 11:26 pm
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

Just file a CFPB complaint (while it's still around). I file them all the time when I get into a situation like this (stupid undisclosed fees, bonuses not posting when they're supposed to, etc.). They always get resolved in my favor (because, of course, I am right). Saves back and forth phone calls...
by Luckywon
Thu Jun 01, 2017 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique my attorney's suggestions..
Replies: 28
Views: 4627

Re: Please critique my attorney's suggestions..

Read "Beyond the Grave". That would give you a good idea of things to consider and why you might want to reconsider a testamentary trust, which is what it sounds like he is proposing. We set up a revocable trust that, if something happened to both my wife and me, all life insurance, inves...
by Luckywon
Thu Jun 01, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America Credit Card
Replies: 16
Views: 2462

Re: Bank of America Credit Card

I have had awful experiences with Bank of America as an former checking account holder, ML account holder, and mortgage holder. My earnest advice is don't do business with BA. They are incompetent and soulless.
by Luckywon
Thu Jun 01, 2017 8:44 pm
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

Let me start off by saying I agree with the Op. BoA should have absorbed this as a cost of doing business unless/until they put it into the intended receiver's account and withdrew whatever fee the receiver and BoA agreed this. What likely happened is the wire did NOT get reversed. Instead, it got ...
by Luckywon
Wed May 31, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

I've been in similar situations, and this one strongly rubs me the wrong way too. BoA's move here is that of a jerk. But my experience has been that it's very difficult to resolve this the "right way" especially when Schwab views this as a customer satisfaction issue and not one of princi...
by Luckywon
Wed May 31, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

Seems most of the national B&M banks charge a fee for incoming wires except for their higher tier customers: m It's interesting that BA charges only $15 for an incoming wire. But they charged me $45! Anyway I don't think they were entitled to charge me anything, as I had no agreement or contrac...
by Luckywon
Wed May 31, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

By the way, BoA annoys me too but I am just offering a different perspective, do you know that BoA will charge a fee for receiving a wire? If so, doesn't BoA did the "work" (at least partially) already. So why wouldn't they be compensated? What I don't understand is why do wiring instead ...
by Luckywon
Wed May 31, 2017 12:50 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Re: Wire fee charged by receiving bank.

$45 is a small price to pay for the prompt return of $9,955 that could have been directed to the wrong account based upon your instructions. I'd be grateful to Bank of America. Well, the number of digits I gave for the account number was wrong, I dropped one digit, so I would think the account numb...
by Luckywon
Wed May 31, 2017 12:41 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2902

Wire fee charged by receiving bank.

I attempted to wire $10,000 to a company. My bank is Schwab, which waives wires fees for me. The wire was to go to the receiving company's account at Bank of America. Somehow I entered the wrong account number, dropping a digit from number. BA rejected the wire and charged a $45 fee, so I was return...
by Luckywon
Thu May 18, 2017 11:45 pm
Forum: Personal Consumer Issues
Topic: Paris private tours
Replies: 12
Views: 1289

Re: Paris private tours

I recommend Paris Muse highly. We used them for the Louvre and also the Musee d'Orsay. Our guides both had Ph.D.s in art history (I think most guides for this company do) and touring the museums with them was like no other museum experience I ever had. Not cheap (I think around $350 for each tour), ...
by Luckywon
Fri Apr 21, 2017 9:02 am
Forum: Personal Consumer Issues
Topic: How much to pay a housekeeper?
Replies: 23
Views: 3154

Re: How much to pay a housekeeper?

dm200 wrote:I believe the "fair" amount depends greatly on the area, as well as what she earns on the other day(s) for others.

Do you give her a year end or holiday or Christmas bonus as well?


Yes, I give her 3 weeks bonus year end.
by Luckywon
Fri Apr 21, 2017 8:33 am
Forum: Personal Consumer Issues
Topic: How much to pay a housekeeper?
Replies: 23
Views: 3154

How much to pay a housekeeper?

I have a housekeeper that comes two days a week, 8 hours per day (she does laundry as well as clean). I pay her $120/day. This has been the same rate for two years now and I think it's time to raise it. Would love to get a sense of what other people pay a regular housekeeper. This probably varies by...
by Luckywon
Wed Apr 19, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: Is my electric bill high?
Replies: 60
Views: 6488

Re: Is my electric bill high?

Many thanks for all the great comments and advice! Just for some detail, there are only two of us in the house, and we don't have an electric car. So, clearly, my usage is high. The charge/kWh is also high, because I reach a high tier. I'm pretty sure the pool pump is the major culprit. I had a pool...