Search found 45 matches

by Pobre
Tue Mar 20, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Keep money in IRA or move to Ally Savings?
Replies: 3
Views: 706

Re: Keep money in IRA or move to Ally Savings?

Thank you very much, JoeRetire and FiveK. I will pass your advice on to him.
by Pobre
Mon Mar 19, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Keep money in IRA or move to Ally Savings?
Replies: 3
Views: 706

Keep money in IRA or move to Ally Savings?

Hello, Bogleheads! I have a question. A guy I know, who is in his mid 60s, has only about 22K in a traditional IRA. That's all he has for retirement except that he also receives disability benefits and food stamps. Obviously, he is poor and lives pay check to pay check. I believe all he has in savin...
by Pobre
Thu Jan 25, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16639

Re: Dear wife quits job and now we are down to 1 income

Emergency Fund: 67k in savings earning 0.0000001% That 67K could be earning 1.35% at an Ally savings account. https://www.ally.com/bank/online-savings-account/ You could also leave 17K earning 1.35% in an Ally savings account, take 50K and create a CD ladder like this: 10K in a 1 year CD 1.70% 10K ...
by Pobre
Thu Jan 25, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16639

Re: Dear wife quits job and now we are down to 1 income

Things I would temporarily get rid of if I were in your position: Cable Alarm Lunch/take-out/restaurant costs Cut back on groceries Netflix Gym Landscaper All subscriptions Since your wife is now unemployed, your gas bill should be reduced as well. So your plan is for OP is going to work all day, e...
by Pobre
Thu Jan 25, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16639

Re: Dear wife quits job and now we are down to 1 income

House worth 480k, mortgage = 121k Move to a less expensive, townhome or condo. Move to a low cost of living area. Retirement = 85k Monthly Expenses: Mortgage, Taxes, Insurance = 1896 Electric =135 Cable , Internet, Alarm = 165 Do antenna instead of cable. It's free. Keep the alarm system, window st...
by Pobre
Wed Jan 24, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 4595

Re: Life insurance company wants money back

I really appreciate ALL of the responses. I apologize if my original post wasn't clear enough. To be clear, I have never and would never advice anyone to commit insurance fraud. My personal policy is to always be lawful, ethical and honest. And I don't believe anyone here has suggested that I advice...
by Pobre
Wed Jan 24, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 4595

Re: Life insurance company wants money back

Call me crazy but the first thought I had was...what are they going to do about it? He has no wages to garnish, no assets to take, and will probably be gone before any type of litigation winds its way through the legal system. Possession is 9/10ths of the law in this case methinks. Thank you for yo...
by Pobre
Wed Jan 24, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 4595

Re: Life insurance company wants money back

First question I would ask is who made the error in the policy and who is responsible when an error is made? Since the consequences are significant, legal assistance might be helpful. Free legal assistance may be available to an elderly, disabled person. The policy was written by hand, and accordin...
by Pobre
Wed Jan 24, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 4595

Re: Life insurance company wants money back

This doesn't make any sense. If she was actually born in 1933, but had 1923 on her policy, that means the life insurance company was charging her MORE per year for her term-life policy. Because the older you are, the more they charge you. Because the older you are, the more likely you're going to d...
by Pobre
Wed Jan 24, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 4595

Life insurance company wants money back

An elderly man that I know lost his mother recently. His mother had a term life insurance policy. He had noticed that in the policy her date of birth was incorrect, by ten years. It looked like an honest mistake, a typo, birth year 33 was written instead of 23. The funeral home had offered to file t...
by Pobre
Thu Jan 04, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Assisted Living cost > person's pension
Replies: 24
Views: 1987

Re: Assisted Living cost > person's pension

Better call Saul. :)

Nah, seriously, consult an Elder Law Attorney.
by Pobre
Fri Nov 03, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Parked Car Hit and Need Advice
Replies: 16
Views: 2349

Re: Parked Car Hit and Need Advice

Thanks for all your suggestions! I am going to take it into a shop next week and get a quote on it if insurance does not pull through. The scratch is unfortunately not on the plastic part of the bumper (would have been nice!) and I live near the ocean so rust is an issue. I am going to call insuran...
by Pobre
Mon Oct 02, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Cash on hand for emergencies
Replies: 42
Views: 3713

Re: Cash on hand for emergencies

"The Northeast blackout of 2003 was a widespread power outage that occurred throughout parts of the Northeastern and Midwestern United States and the Canadian province of Ontario on Thursday, August 14, 2003, just after 4:10 p.m. EDT. Some power was restored by 11 p.m. Most did not get their power b...
by Pobre
Thu Sep 14, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Credit report freeze guide
Replies: 6
Views: 980

Re: Credit report freeze guide

Perhaps I'm just paranoid, but to avoid searching and getting steered to "unofficial websites", does anyone have handy the official websites and CS numbers required to freeze credit reports at Experian, Equifax, Transunion, Innovis & Chexsystems? https://www.experian.com/freeze/center.html https://...
by Pobre
Tue Sep 12, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 6801

Re: Purchasing Home With Girlfriend; Good or Bad?

Bad idea.

Best financial advice I ever received: "Marry well, and marry once."
by Pobre
Sat Sep 09, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 58089

Re: Equifax customer information leak

Obviously, your name, DOB, SSN, driver's license number, etc. are no longer reliable ways to identify you. Ooh, the time is very near, if not already here: Revelation 13:16-18 " And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their...
by Pobre
Sat Sep 09, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 58089

Re: Equifax customer information leak

I thought I saw a post on this thread yesterday about placing a security freeze at Chex. I couldn't find it today, but I found the information below on my own. Was that post deleted? Maybe I just missed it when I looked again. Chex Systems Security Freeze https://www.chexsystems.com/web/chexsystems/...
by Pobre
Thu Jul 06, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring an executor for my will
Replies: 72
Views: 8944

Re: Hiring an executor for my will

I recommend this book. It doesn't have all the answers, but it has a lot of good information:

What to Do When I Get Stupid: A Radically Safe Approach to a Difficult Financial Era
by Lewis Mandell

https://www.amazon.com/gp/product/B00ED ... k_ro_title
by Pobre
Wed Jun 21, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Widowed mother - siblings try to make a plan
Replies: 30
Views: 3240

Re: Widowed mother - siblings try to make a plan

I have to chuckle at those posters who have cherry-picked certain parts of certain posts and clarifications in the thread as they wish and use those incomplete bits to jump to amazing conclusions. All you know about our family is what I have written here - nothing more. If you want to project your ...
by Pobre
Tue Jun 20, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Widowed mother - siblings try to make a plan
Replies: 30
Views: 3240

Re: Widowed mother - siblings try to make a plan

I agree with the suggestions to consult an Elder Law attorney. These are not financial advice, but I'd like to suggest anyway that you and your siblings: 1. Thank your brother and his wife for all the care they have provided and will provide for your mother. 2. Unless you and your siblings are doing...
by Pobre
Thu Jun 08, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 21619

Re: Best credit card for cash back

Really? I didn't know that. I guess I never waited long enough for the automatic statement credit. There is also a minimum of 2,000 cash back rewards points for a statement credit. I also just noticed that I can now do a direct deposit to redeem cash rewards. I use the store card, not the Visa one....
by Pobre
Thu Jun 08, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 21619

Re: Best credit card for cash back

+1 for USAA Limitless Cashback MasterCard. 2.5% on any and all purchases. No need to worry about revolving categories. Redemption of accumulated cashback is an easy click of a button. I looked into this card, but I don't like that a USAA bank account with a monthly $1,000 direct deposit is required...
by Pobre
Thu Jun 08, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 21619

Re: Best credit card for cash back

This is similar, but the opposite, with the Amazon Prime rewards card. Rewards are redeemable only at Amazon. You can either use your cashback rewards points toward an Amazon.com purchase, or you can redeem your cashback rewards points as a statement credit. So to get the full 5% cashback, you want...
by Pobre
Wed Jun 07, 2017 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 21619

Re: Best credit card for cash back

Citibank Double Cash MasterCard: 2% cashback on everything anytime. No annual fee, no special requirements, but has foreign fees. Well, there's one minor special requirement: if you redeem the cash back as a statement credit, you end up getting "only" 1.99% cash back. This is because of the silly w...
by Pobre
Tue Jun 06, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: What really happens in a bear market?
Replies: 37
Views: 5333

Re: What really happens in a bear market?

I just read this article today, and I believe it's relevant to the thread subject:

Could This Be Why the Middle Class Is Disappearing?
by Pobre
Tue Jun 06, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 21619

Re: Best credit card for cash back

If you want to keep it simple: Citibank Double Cash MasterCard: 2% cashback on everything anytime. No annual fee, no special requirements, but has foreign fees. CapitalOne Quick Silver MasterCard: 1.5% cashback on everything anytime. No annual fee, no special requirements, no foreign fees. Other goo...
by Pobre
Mon Jun 05, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 17
Views: 2484

Re: Do I need umbrella insurance?

Until reading this thread today, I had never before heard of Umbrella insurance. I searched this Forum after reading this thread and found other threads on the subject. After reading many of these threads, I just got off the phone with my insurance agent and will be receiving a quote on 1M and 2M um...
by Pobre
Fri Jun 02, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: I hit my first $100k today in my 401k!!
Replies: 34
Views: 5034

Re: I hit my first $100k today in my 401k!!

Just $100K? Bogleheads wipe their butts with $100K...


...just kidding. :D

Congratulations! Great job! Keep up the good work! May we see you post you hit your first mil one day in the near future.
by Pobre
Fri Jun 02, 2017 7:46 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

67/33 is a great asset allocation and you appear to have given it the thought it deserves. Is there a reason you recommend the BlackRock Large Cap Index fund over the Principal LargeCap S&P 500 Index fund? BlackRock's has a higher expense ratio of 0.35%, while Principal's has a lower expense ratio ...
by Pobre
Wed May 24, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

I suddenly had some time I may not have for a while, so I thought I'd work something out the best I can. Hopefully it is helpful. You can always ask for adjustments to my suggestions. The hardest part is over. Tax Rate: 25% Federal, 0% State Age: His: 45, Hers: 35 Desired Asset allocation: 67% stoc...
by Pobre
Wed May 24, 2017 3:23 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

1. How should I achieve my desired asset allocation across all of these accounts while keeping it simple? I have already read "Asset allocation in multiple accounts" in the bogleheads wiki. The information there is very helpful, but overwhelming at the same time. I can probably figure this out on m...
by Pobre
Tue May 23, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

I suddenly had some time I may not have for a while, so I thought I'd work something out the best I can. Hopefully it is helpful. You can always ask for adjustments to my suggestions. The hardest part is over. Tax Rate: 25% Federal, 0% State Age: His: 45, Hers: 35 Desired Asset allocation: 67% stoc...
by Pobre
Tue May 23, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

I realize you may have wanted to abbreviate the process and choose only the winners we'd choose based on costs, but we should have all the information. In fact, I've been studying your portfolio and realized I cannot proceed without knowing if I have all the 401k information. 1. Have you listed all...
by Pobre
Fri May 19, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

I'm not sure what my tax bracket in retirement will be. How do I calculate/estimate that? One way is to use your current savings rate and see how much you expect to have saved up by retirement. Or you may have a target retirement goal, such that if you reach that goal you will retire. It is useful ...
by Pobre
Fri May 19, 2017 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

This part bothers me His 401k xx% fund name (ticker symbol) (expense ratio) 31% Principal LargeCap S&P 500 Index Inst Fund (PLFIX) (0.16%) 13% Principal MidCap R5 Fund (PMBPX) (0.85%) 3% Principal SmallCap R5 Fund (PSBPX) (1.04%) The expenses for the mid cap and small cap funds are far too high. Yo...
by Pobre
Fri May 19, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

I would concur with some of the earlier advice to fund the 401ks more so than the Roths. With your difference in ages it is possible that you will retire before your wife and create a few lower income years where 401k funds could be withdrawn while in the 15% bracket. (This is just a guess as you d...
by Pobre
Fri May 19, 2017 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

What do you expect your tax bracket in retirement will be? Do you expect a significant pension? Since you have some reasonable choices in your 401K plans, if your tax rate in retirement is expected to be more than 5% lower than you are paying now, you should consider maxing your Traditional 401K be...
by Pobre
Fri May 19, 2017 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Re: Help with asset allocation across multiple accounts

2. Since I am looking at mine and my wife's accounts as one single portfolio, how would we do "Your age in bonds" if we are 10 years apart in age? I would suggest that you don't. I would read in a couple of Larry Swedroe's books and apply the concept of need/ability/willingess to take risk to arriv...
by Pobre
Thu May 18, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 2093

Help with asset allocation across multiple accounts

Hello, dear bugleheads! Emergency funds: Three to six months of expenses Debt: None. Mortgage paid off. Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, 0% State State of Residence: TN Age: His: 45, Hers: 35 Desired Asset allocation: 67% stocks / 33% bonds Desired International alloc...
by Pobre
Thu May 18, 2017 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Best way to invest Traditional IRA funds when not contributing
Replies: 10
Views: 1636

Re: Best way to invest Traditional IRA funds when not contributing

Aptenodytes,

Thank you very much, and I apologize for the late response!
by Pobre
Mon Jan 25, 2016 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to invest Traditional IRA funds when not contributing
Replies: 10
Views: 1636

Re: Best way to invest Traditional IRA funds when not contributing

Your question does not make a lot of sense (to me) outside of the context of your whole portfolio. However, there is an answer. The answer is to invest your tIRA in such a way as to achieve the asset allocation you have decided on. That is not intended to be a smart a$$ answer. Here's a guess based...
by Pobre
Fri Jan 22, 2016 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to invest Traditional IRA funds when not contributing
Replies: 10
Views: 1636

Re: Best way to invest Traditional IRA funds when not contributing

jhfenton,

Thank you very much for your reply and for the valuable information!
by Pobre
Fri Jan 22, 2016 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to invest Traditional IRA funds when not contributing
Replies: 10
Views: 1636

Re: Best way to invest Traditional IRA funds when not contributing

mhalley, Thank you very much for your reply! My traditional IRA is about 13% of my portfolio. Thank you for the link. I will make sure to make time to read it. To clarify my question a bit more: Which index fund(s) should I invest in money saved in a traditional IRA which I'm not contributing to? Lo...
by Pobre
Fri Jan 22, 2016 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to invest Traditional IRA funds when not contributing
Replies: 10
Views: 1636

Best way to invest Traditional IRA funds when not contributing

Hello! I'm new here. Thank you very much for all the very valuable information you have all contributed here. I have been reading and learning for a couple of years. I finally came up with a question I could not find the answer to here or elsewhere. What is the best way to invest Traditional IRA fun...