Search found 725 matches

by MikeG62
Mon May 21, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2595
Views: 493559

Re: What's Your Credit Card Rewards Strategy?

I have had a little over 100K marriot points for several years now and find it very difficult to use them. Most hotels we would want to stay in are category 8 or 9 requiring 40K to 45K points per night. So we can get only two nights. What's wrong with getting two 'free' nights at, what appears to b...
by MikeG62
Mon May 21, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2595
Views: 493559

Re: What's Your Credit Card Rewards Strategy?

I have had a little over 100K marriot points for several years now and find it very difficult to use them. Most hotels we would want to stay in are category 8 or 9 requiring 40K to 45K points per night. So we can get only two nights. What's wrong with getting two 'free' nights at, what appears to b...
by MikeG62
Mon May 21, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2595
Views: 493559

Re: What's Your Credit Card Rewards Strategy?

For me the best value is Marriott flights and hotel packages. https://www.marriott.com/rewards/usepoints/morepack.mi I have had a little over 100K marriot points for several years now and find it very difficult to use them. Most hotels we would want to stay in are category 8 or 9 requiring 40K to 4...
by MikeG62
Sun May 20, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 76
Views: 4279

Re: What’s your phone/internet bill?

By phone I assume OP means cell phone. For that we pay ~$225 per month (for four lines, newer iPhones and ~30GB per month of data). In terms of internet, for us that is bundled with cable TV and landline. Personally, I’d just as soon as get rid of our landline, but it is actually cheaper for us to g...
by MikeG62
Sun May 20, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6455

Re: Helping Adult Children (but not too much)

For those who expect they might leave a decent inheritance -- it seemed strange to us to provide total support as children, no support as adults basically at all and then leave a wonderful inheritance as they reach retirement age. Basically, If you are going to leave them a bundle down the road any...
by MikeG62
Sat May 19, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6455

Re: Helping Adult Children (but not too much)

Our daughter graduates college this weekend. She's debt free, owns her 3 year-old car outright, has about $3K in a Roth-IRA plus another $1K in savings and an "okay" (money-wise) job lined up. So she off to a decent start. Until now we've subsidized her through car insurance, mobile phone, grocerie...
by MikeG62
Thu May 17, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - value of "future earnings"?
Replies: 3
Views: 299

Re: Umbrella Insurance - value of "future earnings"?

I would open an umbrella policy now.

Over time you can increase the amount of coverage, if you are so inclined.
by MikeG62
Thu May 17, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: HELOC - rate vs location?
Replies: 7
Views: 314

Re: HELOC - rate vs location?

...For those of you especially with DCU and PenFed, have you ever had to go there in-person? Anything I'm not considering that would be important? I had a HELOC with Pen Fed dating back to around 2002 - closing it out a few years ago. I used it a few times. Never had to go to Pen Fed in person. Eve...
by MikeG62
Tue May 15, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Did you go 100% Cash-FDIC in 529 at HS graduation or before?
Replies: 13
Views: 1091

Re: Did you go 100% Cash-FDIC in 529 at HS graduation or before?

I decided to lock in my gains over the past 10 years in a 529 for 2 college-aged kids. Had about $75k in gains. Still have one finishing 9th grade @ 40/30/30 (S/B/C). Did you go to cash at age 18 or different AA? I moved funds to the “portfolio for college” option within the 529 plan in which I had...
by MikeG62
Mon May 14, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plan - NJ Resident
Replies: 14
Views: 907

Re: 529 Plan - NJ Resident

...Any fresh thoughts on my best options for 529 plans? Also, does anyone think that it makes sense to have one 529 plan for both kids? OP, I live in NJ and funded four 529 plans (two for each of my daughters). I opened one account for each daughter with NJBEST and funded the minimum to qualify for...
by MikeG62
Mon May 14, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Any opinions on Moneyspire personal finance software?
Replies: 7
Views: 869

Re: Any opinions on Moneyspire personal finance software?

Has anybody come up with a cool Excel spreadsheet for budgeting? I don't know how cool it is, but I developed my own series of excel worksheets (a multi-tabbed excel file). I wrote about it here: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=238749&p=3733417&hilit=excel#p3733417 I have made ...
by MikeG62
Sat May 12, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Move 11 month Ally CD (1.5%) to Ally Savings (1.6%)?
Replies: 5
Views: 1170

Re: Move 11 month Ally CD (1.5%) to Ally Savings (1.6%)?

I want to make sure I'm not missing something. I have 2 Ally No Penalty 11 Month CDs that each earn 1.5%. Ally has been continually raising its saving's rate, which is now at 1.6% Is there any reason to not cancel the 2 No Penalty CDs and move the money back into our Ally Savings account? I can't t...
by MikeG62
Wed May 09, 2018 6:07 am
Forum: Investing - Help with Personal Investments
Topic: Why the shift away from the S&P?
Replies: 32
Views: 3953

Re: Why the shift away from the S&P?

Hello fellow Bogleheads! I'm ready to buy and comparing funds. I see many turning to the Total Market Funds instead of the S&P. Research shows the S&P outperforming the Total Market so why the shift? OP, I’d say the reason folks might buy a total stock market fund over the S&P 500 is to get exposur...
by MikeG62
Wed May 09, 2018 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Question on safety of ETFs
Replies: 32
Views: 2014

Re: Question on safety of ETFs

Most of my equity exposure is in taxable accounts using large index ETF’s (ishares). I worry no more about these ETF’s than the mutual funds I own.
by MikeG62
Fri May 04, 2018 6:55 am
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 31
Views: 4790

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

Thanks all for the replies.

Confirm my thinking that strategically moving out of the 1.75% no penalty CD's (over time) makes sense for DW and I.
by MikeG62
Thu May 03, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Units and Stock Options Strategy
Replies: 19
Views: 1531

Re: Restricted Stock Units and Stock Options Strategy

I sell my RSUs and Stock Options as soon as I can. Other than maybe tax implications, is it a sound strategy? My why? I feel the need to: 1) sell to actualize the gains. 2) for the proceeds that I want to invest, I invest according to my overall strategy (mostly stock/ bond index funds). 3) The com...
by MikeG62
Thu May 03, 2018 7:09 am
Forum: Investing - Help with Personal Investments
Topic: How are you widow-proofing?
Replies: 35
Views: 4439

Re: How are you widow-proofing?

I left my wife a note that says "call Vanguard PAS." I think this is good advice if your spouse has minimal interest or skills in managing investments. For those of us on these forums, it is fairly easy. For others, it's overwhelming. I discuss this with my DW from time to time. Her idea of investi...
by MikeG62
Wed May 02, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Ally asking CURRENT customer to provide SSN card?
Replies: 58
Views: 4065

Re: Ally asking CURRENT customer to provide SSN card?

...When customer service left me a message to contact them, the customer service rep via online chat said I need to provide a copy of my social security card. They said all applications (new or existing customers) may be subject to providing this. I hope they don't ask me for mine as I lost my SS c...
by MikeG62
Wed May 02, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 31
Views: 4790

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

What would be a muni mm fund rate to be equivalent or better to the 1.75% rate of the 11-mo Ally CD? Depends on your marginal tax rate (combined Federal and State). Compare muni MM to Ally CD rate either by: Multiplying the CD rate by the following fraction: (1 - your marginal tax rate) Divide the ...
by MikeG62
Tue May 01, 2018 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 31
Views: 4790

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

...Agree with posts above, Kevin M has some excellent posts recently on TEY treasury bills vs. CDs. I have seen many of Kevin M's posts. He's a bright guy and strong contributor to these boards. By way of background, I early retired three years ago (55 now). DW and I have no pension and are drawing...
by MikeG62
Tue May 01, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 969
Views: 169047

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Today I initiated process to rollover my former employers 401K (which was held at Fidelity) to a Fidelity Rollover IRA. Called Fidelity first to inquire about getting the $2,500 cash bonus. After putting me on hold for a few minutes and discussing with their promotions department, I was approved for...
by MikeG62
Tue May 01, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 31
Views: 4790

For Those Who Purchased Ally No Penalty CD's in Dec/Jan

I purchased a number of Ally no-penalty CD's back in early January (at 1.75% rate) for the cash or very short end of my fixed income exposure. As there are now many options available to earn more than 1.75%, I am thinking about closing/rolling some of those CD's into higher yielding (short-term) cas...
by MikeG62
Mon Apr 30, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Process for] Turning over UTMA to Adult Daughter
Replies: 8
Views: 720

Re: Turning over UTMA to Adult Daughter

Thanks.

I ended up logging into Fidelity and was able to easily remove myself from the account, which automatically converted the account from a UTMA to individual brokerage account. All was done online.

Easy enough.
by MikeG62
Mon Apr 30, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: [Process for] Turning over UTMA to Adult Daughter
Replies: 8
Views: 720

[Process for] Turning over UTMA to Adult Daughter

Looking for some perspective here. We have an old UTMA account at Fidelity for my now adult daughter (turned 22 this year). She is graduating from college in two weeks and my DW and I would like to simply turn over the account to her. Any advice on how others have done this? Simply contact Fidelity ...
by MikeG62
Mon Apr 30, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: How do you fund spending in retirement
Replies: 26
Views: 3095

Re: How do you fund spending in retirement

...How do you fund your account for spending in retirement? Retired three years ago at 53 (no pension and no plans to draw SS until age 70). Cash flow for spending comes from a combination of dividends on ETF's held in taxable brokerage account (I shut off automatic reinvestment and have dividends ...
by MikeG62
Fri Apr 20, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in a Fidelity or VG account?
Replies: 24
Views: 4657

Re: How much is too much in a Fidelity or VG account?

Ok, I'll bite. Companies like Fidelity have very robust disaster recovery plans in place. Id' expect this to include among other things multiple backup's as well as offsite location(s) that can be brought up relatively quickly to operate in place of their traditional IT center(s). Failing all that,...
by MikeG62
Fri Apr 20, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: How much is too much in a Fidelity or VG account?
Replies: 24
Views: 4657

Re: How much is too much in a Fidelity or VG account?

I truly would not worry about this. You are not investing “in” Fidelity, but “through” Fidelity (with Fidelity simply being the vehicle (broker) through which you are acquiring the individual index funds and treasuries). This is not like having money in the bank in excess of FDIC insurance limits a...
by MikeG62
Fri Apr 20, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 103
Views: 18661

Re: Ally Bank No penalty CD for parking cash, is there a catch?

...Personally I wouldn't buy CDs in this rising rate environment: there will be 2 or maybe 3 Fed rate increases this year so expect CD rates to rise further. +1 I'd try and stick to no penalty CD's for this reason (for the next couple of years), unless you come upon an extraordinary deal. Edit : I ...
by MikeG62
Fri Apr 20, 2018 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Financial planners [looking for one]
Replies: 30
Views: 2359

Re: Financial planners [looking for one]

...Harry Sit has been offering a service through his blog that you might be interested in. Harry is a respected member of this forum and I would expect his service to be useful. The cost is reasonable. https://adviceonlyfinancial.com/how-to-find-advice-only?utm_source=thefinancebuff.com&utm_medium=...
by MikeG62
Fri Apr 20, 2018 6:28 am
Forum: Personal Finance (Not Investing)
Topic: How risky to have savings more than $250k FDIC limit?
Replies: 42
Views: 7700

Re: How risky to have savings more than $250k FDIC limit?

...What are people’s thoughts on keeping cash above FDIC limits for short term? E.g. I have a pending large tax payment and planning to buy a car in the next 2 weeks. I’m assuming it’s ok to exceed FDIC limits for that brief duration without incurring much risk? How much over the FDIC limit and for...
by MikeG62
Thu Apr 19, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 16658

Re: Can I retire at age 40?

...Not to mention the work ethic that you'll be instilling in your children. ...Why do you assume someone who retires instills bad traits in their children by being so? When people retire at a more traditional age of 65, do their adult children start becoming lazy at that point? How does having the...
by MikeG62
Thu Apr 19, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2595
Views: 493559

Re: What's Your Credit Card Rewards Strategy?

I think you hit the nail on the head with the highlighted portion. :wink: I'm a person who wants to maximize earnings married to someone who values simplicity. Same here :) I tried stickers on the multiple card. Didn't help my husband pick the right card for each case, unfortunately. If I were sing...
by MikeG62
Thu Apr 19, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Future College Costs
Replies: 18
Views: 1389

Re: Estimating Future College Costs

Is there a 'Bogleheads Approved' strategy for 1. estimating college costs and 2. providing for them? I've got a 4 year old and 2 year old... I don’t know about Boglehead approved, but a quick google search suggests that over the last couple of decades college costs have increased at roughly twice t...
by MikeG62
Wed Apr 18, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8701

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

No, I would not be comfortable. The stock market has helped me to accumulate the assets. But I would not rely on it paying my living expenses for the rest of my life. Victoria It's very reassuring to have SS and/or a good pension for part of retirement expenses, but do you really think a 2.5% withd...
by MikeG62
Wed Apr 18, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Broke up with my girlfriend for financial reasons: crazy?
Replies: 53
Views: 3389

Re: Broke up with my girlfriend for financial reasons: crazy?

Someone with your income living on 36k a year is a little extreme - but probably not nuts - if you are enjoying life. Without significant changes on each person's part, you and this woman will not make a good team. See if you can loosen up a little and also look for someone who is more aligned with...
by MikeG62
Wed Apr 18, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8701

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

No, I would not be comfortable. The stock market has helped me to accumulate the assets. But I would not rely on it paying my living expenses for the rest of my life. Victoria It's very reassuring to have SS and/or a good pension for part of retirement expenses, but do you really think a 2.5% withd...
by MikeG62
Wed Apr 18, 2018 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Will question
Replies: 28
Views: 2567

Re: Will question

IANAL, but I agree with afan that your will should provide that any money to pass to your minor children should go into a trust. The trust can be drafted to allow access to those funds for the health, education, maintenance and support of your children. This access can be fairly broad and the trust ...
by MikeG62
Tue Apr 17, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8701

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

marcopolo wrote:
Tue Apr 17, 2018 7:38 am

...A lot of the imagined dangers that would throw a 2.5% WR in to trouble would do the same for a 2%, or 1% withdrawal rate. What is the option, work till you die?
^This
by MikeG62
Mon Apr 16, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 16658

Re: Can I retire at age 40?

...reason for my post is... I'm sure I'm missing lots of things I'm not thinking about. So what do I need to consider and learn about before giving up my job. My job isn't terrible. I just spend way too much time there (and one thing I'll try to do is scale back but they may not allow). Thoughts? a...
by MikeG62
Sun Apr 15, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in a Fidelity or VG account?
Replies: 24
Views: 4657

Re: How much is too much in a Fidelity or VG account?

Hi esteemed bogleheads - After saving one paycheck at a time for a long time, I have a nice windfall coming my way and expect it will push my Fidelity balance to approximately $4.5-$6m now (and hopefully more with growth!). Is this too much to leave in a Fidelity account? What is their average acco...
by MikeG62
Fri Apr 13, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Employee IPO windfall - mid 7 figures
Replies: 30
Views: 3594

Re: Employee IPO windfall - mid 7 figures

Thank you all for your responses. Probably just what I needed - a reality check with this IPO frenzy at the office. Will probably cash out 50% now and DCA into the market over the next few months. The CEO is a close friend and is 150% invested in the company - he has declared that he will only sell...
by MikeG62
Fri Apr 13, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Retirement Mechanics
Replies: 13
Views: 1799

Re: Retirement Mechanics

Hoping to retire soon and I would like to know how others handle the following: 1. How often do you take your withdrawal (Beginning of year, End of year, monthly, quarterly, every two weeks, other)? 2. For the next years withdrawal, do you really increase it by COLA, use the same withdrawal as prev...
by MikeG62
Fri Apr 13, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 3722

Re: Crazy to start 529 without kids??

...Sooo would it be totally insane to invest the max toward a 529 with myself as the beneficiary? I’ve always thought about getting my MBA, but not sure I ever will. I DO know that I will have kids someday. I don't think this is a bad idea at all. Not sure I would invest "the max", but certainly pu...
by MikeG62
Fri Apr 13, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Employee IPO windfall - mid 7 figures
Replies: 30
Views: 3594

Re: Employee IPO windfall - mid 7 figures

OP, how about taking 50% off the table once the lock-up expires, and then consider selling additional shares in stages over time? This way you will have protected a full 50% from any future decline in the stock of your employer, yet at the same time continue to have considerable skin in the game sho...
by MikeG62
Fri Apr 13, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: The "mechanics" of retiring
Replies: 20
Views: 3904

Re: The "mechanics" of retiring

I am looking to possibly retire next year early (age 48 or 49). I'm not sure what the correct terminology is, but I am interested in the mechanics of it. What I mean is do you keep so much in a money market, so much in a CD ladder, do you keep reinvesting dividends, etc. I will be basically followi...
by MikeG62
Fri Apr 13, 2018 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Foreign source of income with Fidelity funds
Replies: 5
Views: 317

Re: Foreign source of income with Fidelity funds

I held a few fidelity funds invested in international stock markets as well as similar Vanguard international funds. TurboTax requested me to fill in portion of fund income from foreign companies to be able to claim tax paid to foreign countries. Vanguard provided a form for me, but Fidelity doesn'...
by MikeG62
Tue Apr 10, 2018 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Please Evaluate My Portfolio and Make Recommendations
Replies: 30
Views: 843

Re: What to do about Wife's Term Life Insurance Policy Nearing End?

...So the question is, if you have no debt and we are retired and have sufficient assets to live on, do we really need life insurance anymore ? I have a friend who has life insurance in that scenario, and he's thinking of it as a hedge for potential bad health down the road which might require Long...
by MikeG62
Tue Apr 10, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2595
Views: 493559

Re: What's Your Credit Card Rewards Strategy?

...I did. I have 2 Fidelity elan visa cards at 2 % cash back. Don't use them because the benefits suck . Only keep them open because they are some of our oldest accounts. Can you elaborate? We have a Fidelity 2% CB card and use as our general purpose "cash back" card - where we don't get more cash ...
by MikeG62
Sun Apr 08, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Higher total income in retirement than during working?
Replies: 51
Views: 4686

Re: Higher total income in retirement than during working?

...For example, if a family was earning $200K per year in total compensation at pre-retirement time, then "successful" retirement means having $201K income in retirement AND increasing portfolio on annual basis. Essentially, at least 50X portfolio where X is annual income, so in this example it wou...