Search found 50 matches

by Luckywon
Sat Jul 15, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Estate Planning-Question on Trust
Replies: 11
Views: 893

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: 893

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: 893

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: 1611

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: 328

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: 4542

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: 903

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: 1733

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...
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: 5985

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: 1205

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: 1205

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: 1205

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: 1205

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: 3064

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: 3064

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: 3064

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. https://www.aaa.com/AAA/common/AAR/files/Fuel-Quality-Full-Report.pdf This article explains everything about gas and then some! I'm a believer now in buying ga...
by Luckywon
Mon Jun 05, 2017 8:39 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 43
Views: 3064

Re: Gas station prices and quality

https://www.edmunds.com/car-care/is-cheap-gas-bad-for-your-car.html http://www.consumerreports.org/car-maintenance/study-shows-top-tier-gasoline-worth-extra-price/ 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...
by Luckywon
Mon Jun 05, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 43
Views: 3064

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: 2663

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: 2663

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: https://www.nerdwallet.com/blog/banking/wire-transfers-what-banks-charge/ It's interesting that BA charges only $15 for an incoming wire. But they charged me $45! Anyway I don't think th...
by Luckywon
Fri Jun 02, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2663

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. https://www.bankofamerica.com/deposits/manage/faq-wi...
by Luckywon
Fri Jun 02, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1984
Views: 329900

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: 525

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: 2663

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: 2663

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: 4374

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: 2208

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: 2663

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: 2663

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: 2663

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: https://www.nerdwallet.com/blog/banking/wire-transfers-what-banks-charge/ It's interesting that BA charges only $15 for an incoming wire. But they charged me $45! Anyway I don't think th...
by Luckywon
Wed May 31, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Wire fee charged by receiving bank.
Replies: 28
Views: 2663

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: 2663

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: 2663

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: 1160

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: 2972

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: 2972

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: 6065

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...
by Luckywon
Mon Apr 17, 2017 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: All in with Balanced Index fund
Replies: 33
Views: 3713

Re: All in with Balanced Index fund

I think one reason is you could save on expenses by replicating the fund with two other Vanguard funds: The expense ratio for VBINX is 0.22. The fund is 60 % Total U.S. stock market and 40 % Broad U.S. Bonds. It seems to me you could replicate the fund by buying 60 % VTSMX (Total U.S. stock market)...
by Luckywon
Mon Apr 17, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: All in with Balanced Index fund
Replies: 33
Views: 3713

Re: All in with Balanced Index fund

I think one reason is you could save on expenses by replicating the fund with two other Vanguard funds: The expense ratio for VBINX is 0.22. The fund is 60 % Total U.S. stock market and 40 % Broad U.S. Bonds. It seems to me you could replicate the fund by buying 60 % VTSMX (Total U.S. stock market) ...
by Luckywon
Mon Apr 17, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 13716

Re: Do you have an umbrella policy?

Yes, $5 million from AAA, costs $660/year. Live in southern california.
by Luckywon
Mon Apr 17, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Is my electric bill high?
Replies: 60
Views: 6065

Is my electric bill high?

I'm in Southern California, in a 2500 sq. ft. house. Just the electricity part of my utility bill averages 1500 kWh/month which is about $300. It's always seemed high to me but I have no basis for comparison. Would love to hear usage and charges/month from other members! Added detail: I have a pool ...
by Luckywon
Mon Apr 17, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Best fund for international bonds
Replies: 4
Views: 589

Re: Best fund for international bonds

The very first choice you need to make, before starting to look at specifics and questions of active versus passive, is whether you want a dollar-hedged bond fund or an unhedged bond fund. The choice is important. Unhedged bond funds, which are the commonest, don't behave "like bonds" at ...
by Luckywon
Mon Apr 17, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Best fund for international bonds
Replies: 4
Views: 589

Re: Best fund for international bonds

For good active management on the bond side give PIMCO a look. Vanguard brokerage has PIMCO institutional funds available with 25K minimums. Vanguard has no multi-sector bond funds. I own PIMIX which is multi-sector and has an expense ratio of .45%. Flagship clients can use one of their free trades...
by Luckywon
Sun Apr 16, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Best fund for international bonds
Replies: 4
Views: 589

Best fund for international bonds

My target allocation includes about 10% in international bonds. I have all of this in BNDX. I read an article in the WSJ today that passively managed funds in emerging markets bonds have generally lagged actively managed funds over five years. BNDX only has a small component in emerging markets, but...
by Luckywon
Sat Apr 15, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: What do you do with your coins?
Replies: 76
Views: 4868

Re: What do you do with your coins?

I keep all my coins in a big jar. When it get full I take them to the supermarket and dump them in a coinstar machine. You can get around any redemption fee by choosing an amazon gift certificate as the redemption option. It's super easy to enter the code into your amazon account and presto-the mone...
by Luckywon
Tue Mar 28, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: VXUS vs SCHF [Vanguard Total Int'l vs. Schwab International]
Replies: 10
Views: 789

Re: VXUS vs SCHF

Thanks for all the responses, all very helpful indeed!! Considering everything, I will stick with what I have in VXUS. Maybe Vanguard will lower their ER in the future anyway, their expense ratios seem to be on a steady downward trend!
by Luckywon
Tue Mar 28, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: VXUS vs SCHF [Vanguard Total Int'l vs. Schwab International]
Replies: 10
Views: 789

Re: VXUS vs SCHF

the only issue would be if you wanted small caps, you probably would have to throw scha into the mix. Good thought. However, from what I can see, VXUS also lacks small caps so although SCHA may be a good idea, it doesn't seem to me that small caps are an issue as far as deciding between VXUS and SC...
by Luckywon
Tue Mar 28, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: VXUS vs SCHF [Vanguard Total Int'l vs. Schwab International]
Replies: 10
Views: 789

Re: VXUS vs SCHF

I am thinking of buying a combination of SCHF and SCHE to replicate VXUS more closely. (SCHE is foreign emerging markets). The expense ratio of SCHE is 0.13 so depending on the ratio it may not save much on the total expense ration. (SCHF ER 0.06, SCHE ER 0.13, VXUS ER 0.11). Anyone have any thought...
by Luckywon
Tue Mar 28, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: VXUS vs SCHF [Vanguard Total Int'l vs. Schwab International]
Replies: 10
Views: 789

Re: VXUS vs SCHF

That's an interesting point. Thanks very much!
by Luckywon
Tue Mar 28, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: VXUS vs SCHF [Vanguard Total Int'l vs. Schwab International]
Replies: 10
Views: 789

VXUS vs SCHF [Vanguard Total Int'l vs. Schwab International]

My target portfolio allocation includes 15 % international funds. Currently I have all my international funds in VXUS, expense ratio 0.11 I just saw that SCHF has expense ratio 0.06 I'm thinking of switching as much as I can to SCHF, at least in my tax advantaged accounts where there are no tax cons...

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