Search found 621 matches

by Ron Ronnerson
Tue May 23, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1600
Views: 246243

Re: What's Your Credit Card Rewards Strategy?

Just keep opening them online. No secret sauce. I always did an ACH push to trigger DD. Can you open more than one account of the same type simultaneously? Which bank did you use the ACH push from? Thanks..... I never did multiple at once I always waited until I got the bonus before opening another...
by Ron Ronnerson
Mon May 22, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1600
Views: 246243

Re: What's Your Credit Card Rewards Strategy?

Just keep opening them online. No secret sauce. I always did an ACH push to trigger DD. Can you open more than one account of the same type simultaneously? Which bank did you use the ACH push from? Thanks..... I never did multiple at once I always waited until I got the bonus before opening another...
by Ron Ronnerson
Thu May 18, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 43
Views: 7244

Re: Schwab brokerage incentive $2,500 - - - thoughts?

In case of interest to others, I called E-Trade and mentioned I was evaluating new brokerage platforms for a $250k new account. They have offered me $1000 as a bonus, which is among the more compelling on a percentage basis that I have seen. Yes, that's a good one, and better than their advertised ...
by Ron Ronnerson
Thu May 18, 2017 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 43
Views: 7244

Re: E-Trade now at 40bps bonus for $250k

In case of interest to others, I called E-Trade and mentioned I was evaluating new brokerage platforms for a $250k new account. They have offered me $1000 as a bonus, which is among the more compelling on a percentage basis that I have seen. Yes, that's a good one, and better than their advertised ...
by Ron Ronnerson
Sun May 14, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: HDHP with HSA in Teachers' Contract
Replies: 6
Views: 468

Re: HDHP with HSA in Teachers' Contract

I'd compare the new, proposed benefits to what you have currently (in terms of deductible, max out of pocket, copay, etc.). If what is in place now happens to be good, is it worth it to give that up for a 1% salary increase? If the average teacher makes $50k in your district, they'd end up getting $...
by Ron Ronnerson
Sat May 13, 2017 11:28 am
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 23
Views: 3551

Re: Beware Citibank Bonus Promotion

I put $50,000 for the $500 bonus. It was represented to me as 90 days. Upon reading the fine print, it's 60 days after you meet the 90 day requirement, which makes it a lower interest rate. The $50k has to stay in for 60 days (recently went past that) and then you have to wait "up to 90 days&q...
by Ron Ronnerson
Sun May 07, 2017 5:54 pm
Forum: Personal Consumer Issues
Topic: United Mileage Plus CC - worth it?
Replies: 25
Views: 1660

Re: United Mileage Plus CC - worth it?

My wife and I have had this card in the past (and she just reapplied for it recently). It provides free luggage to the card-holder and a companion. So that's a savings of $100 for two round-trip tickets, which renders the annual fee -$5 after one flight. We used the free club passes at San Francisco...
by Ron Ronnerson
Sun Apr 23, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 4953

Re: Should some professions tell people how much they make?

If you think your appearance is an issue, have you tried to do anything about trying to look older? Some ideas: suit and tie, facial hair, shoes with built in heels, dying some hairs gray, don't smile very much and look serious, speak like it's 1957 instead of 2017 (no modern lingo or slang). Anywa...
by Ron Ronnerson
Sun Apr 23, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in the Bay Area
Replies: 28
Views: 3347

Re: Buying a home in the Bay Area

If you're going to buy, I'd make sure it's a home you'll be in for a while (which I consider to be at least 10 years but you can define it however you like) since transaction costs on home purchases can add up, especially in an expensive area. Once you have a child, the quality of the local schools ...
by Ron Ronnerson
Sat Apr 22, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 4953

Re: Should some professions tell people how much they make?

If you think your appearance is an issue, have you tried to do anything about trying to look older? Some ideas: suit and tie, facial hair, shoes with built in heels, dying some hairs gray, don't smile very much and look serious, speak like it's 1957 instead of 2017 (no modern lingo or slang). Anyway...
by Ron Ronnerson
Thu Apr 20, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make a good decision to retire July 2017 instead of July 2018?
Replies: 56
Views: 4957

Re: Did I make a good decision to retire July 2017 instead of July 2018?

These are my approximations of your pension at various ages (please correct me if I've estimated incorrectly). 56: $4680 57: $5160 58: $5660 59: $6170 60: $6700 61: $7200 62: $7400 63: $7600 To me, it seems like the answer to your question depends on your expenses as well as the lifestyle you'd like...
by Ron Ronnerson
Tue Apr 18, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Best for Scottrade transfer?
Replies: 14
Views: 1286

Re: Best for Scottrade transfer?

Ron, after I read you post I decided to transfer my $105k Roth and my DW's $300k IRA from Scottrade to TD Ameritrade. The move to TDA makes sense. In my case, it would have generated a signing bonus of $500 + $1k (disregarding the potential $200 referral bonus). So today I opened a TDA Roth online ...
by Ron Ronnerson
Sun Apr 16, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Best for Scottrade transfer?
Replies: 14
Views: 1286

Re: Best for Scottrade transfer?

Since they'll be merged soon anyway, we're transferring over our accounts from Scottrade to TDA ahead of time to collect bonuses. My wife recently did an in-kind full transfer of her Roth IRA from Scottrade to TDA. The bonus posted within a day of the transfer and TDA says that they will reimburse ...
by Ron Ronnerson
Sun Apr 16, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why do you save?
Replies: 31
Views: 2060

Re: Why do you save?

There are a variety of reasons. I see the power of compounding and it seems unwise not to save. Delaying gratification tends to be handsomely rewarded so I try to set aside what I can while also living fairly comfortably right now. I like the idea of spending money today but I also like the idea tha...
by Ron Ronnerson
Sun Apr 16, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11346

Re: My kids don't care about saving

FWIW I didn't care about savings in my 20's either. At 30 years old I had about $400 to my name and no retirement savings. Luckily I wised up in my thirties and am playing catch up now, wish I saved in my 20s but it's just how it was It was similar for me. I didn't care about this stuff at all in m...
by Ron Ronnerson
Sat Apr 15, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 12693

Re: Do you have an umbrella policy?

Yes, for $1M.
by Ron Ronnerson
Sat Apr 15, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Best for Scottrade transfer?
Replies: 14
Views: 1286

Re: Best for Scottrade transfer?

Just about any brokerage would work fine. You may be able to pick up a bonus along the way. Here's a site I've found useful for that in case you're interested: http://www.hustlermoneyblog.com/best-brokerage-bonuses/ Since they'll be merged soon anyway, we're transferring over our accounts from Scott...
by Ron Ronnerson
Sat Apr 15, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Public School Teacher: Need help with 403b
Replies: 41
Views: 1958

Re: Public School Teacher: Need help with 403b

I'm a public school teacher in California. I'm a fan of governmental 457b plans as you can access funds without penalty upon separation from your employer. Personally, even though I don't plan to retire early, it's nice to have that option since you never know what may happen in life. As others have...
by Ron Ronnerson
Wed Apr 12, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: New Home - Design Center Options - making smart choices
Replies: 30
Views: 2472

Re: New Home - Design Center Options - making smart choices

After 7 years in our home, this summer, we're going to change the carpet with laminate on our first floor. A toddler mashing fruit into the carpet the past couple of years has really taken a toll and the carpets look bad now. We wish we had done that to begin with when we bought our home (it was a n...
by Ron Ronnerson
Wed Apr 12, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: leaving early from work
Replies: 57
Views: 7375

Re: leaving early from work

Both of us work and we have kids(less than 3 yrs old). We need to drop off and pick up kids at day care. Both of us work in the financial space. How accommodating are bosses to this situation? It's unclear exactly what you want. What would you consider an accommodation on the part of your employer?...
by Ron Ronnerson
Mon Apr 10, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: When to slow down.
Replies: 33
Views: 5292

Re: When to slow down.

You’re making close to $100k by working 80 hours a week. If you’re filing taxes as single and have no dependents, you’re likely in the 25% or 28% tax bracket. Then you pay FICA tax of roughly 8% and state/local taxes if they apply. Basically, those last few hours that you’re working – the ones that ...
by Ron Ronnerson
Sun Apr 09, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10830

Re: High Income earners, whats your Tax Strategy?

Though we’re not terribly high-income by Boglehead standards with our income of $150k/year (this is just from paychecks), we’re in the 15% tax bracket, qualify for the full child tax credit, and work a lot less than most people. Here’s our approach: Contribute to a pension Contribute to a 457b Contr...
by Ron Ronnerson
Wed Apr 05, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is your definition of 'Savings'?
Replies: 25
Views: 1542

Re: What is your definition of 'Savings'?

There isn't a clear answer on this and I've wondered about it myself. For practical purposes, I just think of it as savings in bank and retirement accounts. However, technically, I think it should perhaps include anything that increases net worth. For example, someone could take out a 10 year mortga...
by Ron Ronnerson
Sun Apr 02, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 24363

Re: Low-earners- What is your profession?

I noticed there is a thread asking people making over $100k/yr what their profession is.... I'm curious... What are the other "low-earners" doing for work? Great thread. I responded in the high income thread as well since I make over $100k/year (and my wife earns about $50k per year) but ...
by Ron Ronnerson
Sat Apr 01, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 8998

Re: What career helped you become wealthy?

It's interesting that "wealthy" isn't defined so it's open for interpretation as to who would qualify. I feel pretty wealthy but probably fall quite a bit short by Bogleheads standards. My overall approach in life has been to try to optimize rather than maximize. For example, I like things...
by Ron Ronnerson
Thu Mar 30, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends posted after account transfer - what to do?
Replies: 6
Views: 683

Dividends posted after account transfer - what to do?

We recently did a full transfer of my wife’s Roth IRA from Scottrade to TD Ameritrade. The transfer occurred on 3/29/17, Scottrade charged a $75 fee for doing a full transfer (which TDA said they'll reimburse), and the balance in the old account showed to be $0. Today, on 3/30, there is a cash balan...
by Ron Ronnerson
Tue Mar 28, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Child Planning Checklist
Replies: 42
Views: 3047

Re: Child Planning Checklist

My wife is expecting our first child in a couple of months and we would like to start getting things in order before our child is born. If you were to list the 4 or 5 most pressing items we should, what would they be? Life insurance? A will? College savings plan? If we went term, how long should th...
by Ron Ronnerson
Sun Mar 26, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Buy a house or wait in bay area
Replies: 34
Views: 3076

Re: Buy a house or wait in bay area

I think home prices in the bay are near an all time high (it's definitely above the pre-crash of 2008) so I would probably wait. If the schools where you live are good then you can take your time. If they aren't good then you have about 5 years. I agree that OP should probably wait to buy a house. ...
by Ron Ronnerson
Fri Mar 24, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Buy a house or wait in bay area
Replies: 34
Views: 3076

Re: Buy a house or wait in bay area

I'd recommend doing some things, if you haven't already: 1) Determine which schools your kids would go to (through all grade levels). There is quite a variety in North Fremont. 2) Save more so that you can cover more than three months' worth of expenses in case of an emergency. Since your wife's job...
by Ron Ronnerson
Fri Mar 24, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 80
Views: 6805

Re: How did graduating out of daycare impact your finances?

The cost of raising kids is largely up to the parents; they cost as much as you allow them to. We found that having infants/toddlers was dramatically less expensive than people were telling us (you don't need every baby gadget and you can get most things free hand-me-down from friends/family) and w...
by Ron Ronnerson
Wed Mar 22, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5681

Re: Vehicles as a percentage of net worth

I don't have a rule about keeping car costs under a certain percentage in relation to my income, net worth, etc. I don't use a ratio like that as I'm not sure how that would help. Instead, I think of car costs on an annual basis. I take the price of the car and add maintenance and gas costs over the...
by Ron Ronnerson
Sun Mar 19, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: 2.25% High Yield Checking - FSCU
Replies: 11
Views: 1805

Re: 2.25% High Yield Checking - FSCU

I'm a fan of credit union checking accounts. I earn 2.01% on balances up to $25k for a checking account at Provident Credit Union. The monthly requirements to get the rate: 1) make purchases of $300 or more using their debit or credit card, 2) make a direct deposit or ACH transfer, and 3) maintain e...
by Ron Ronnerson
Sun Mar 19, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm
Replies: 34
Views: 2601

Re: State Farm

I've been with State Farm for 20 years and have been very satisfied during that time. I shop around for insurance every couple of years, but no one has been able to do better. The service has been good also.
by Ron Ronnerson
Sun Mar 19, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 169
Views: 15491

Re: "Millionaire Next Door" Net Worth Formula

It's interesting but sort of generic. In my case, I didn't really start saving until I was 32. Now, 10 years later, at 42, I'm ahead of the formula. However, it's not because I went on a saving spree over the last decade. I happened to buy a home in the Bay Area in the summer of 2009. Prices have g...
by Ron Ronnerson
Sat Mar 18, 2017 3:39 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 378
Views: 46927

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Thanks, blueberry & whodidntante The person I referred opened a Roth IRA and transferred assets from Fidelity. It's possible that referrals from your spouse are excluded, but I doubt it. Read the terms and conditions carefully. Also, TDA has bought Scottrade and that may be an issue. If so, you ...
by Ron Ronnerson
Sat Mar 18, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 378
Views: 46927

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I'm liking this one, tdamertrade will give you (depending on your existing account for some reason) $200 for referring someone new and who puts in $3000 within 45 days. scottrade and ameritrade will be one and the same next year so referring people who are already at scottrade is not adding complex...
by Ron Ronnerson
Sat Mar 18, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 169
Views: 15491

Re: "Millionaire Next Door" Net Worth Formula

It's interesting but sort of generic. In my case, I didn't really start saving until I was 32. Now, 10 years later, at 42, I'm ahead of the formula. However, it's not because I went on a saving spree over the last decade. I happened to buy a home in the Bay Area in the summer of 2009. Prices have go...
by Ron Ronnerson
Wed Mar 15, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: Anyone use coupon apps?
Replies: 22
Views: 2150

Re: Anyone use coupon apps?

I prefer the store app (mine is Safeway). It gives really good discounts on items you buy, plus lots of bonuses, like $10 off when you spend $50, or extra fuel rewards for certain purchases. I use Safeway's app also and add coupons while waiting in lines (at the deli, meat section, and checkout). I...
by Ron Ronnerson
Tue Mar 14, 2017 1:33 am
Forum: Investing - Help with Personal Investments
Topic: Which 403b out of these choices?
Replies: 5
Views: 493

Re: Which 403b out of these choices?

@krow36 - Thanks for the explanation. That makes sense.
by Ron Ronnerson
Tue Mar 14, 2017 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Which 403b out of these choices?
Replies: 5
Views: 493

Re: Which 403b out of these choices?

Thanks for the feedback. ...Vanguard doesn’t use Admiral class funds in their own 403b, Investor class only. I think the CTA 403b will probably end up with the lowest overall fees, especially after the balance grows larger. If you have other accounts at Vanguard, that might swing it to them. I was l...
by Ron Ronnerson
Mon Mar 13, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Which 403b out of these choices?
Replies: 5
Views: 493

Which 403b out of these choices?

We have a nice problem. My wife got a bonus today. However, the taxes on it are higher than we’d like to pay. Without the bonus, our AGI is right around $110k. We have one child so this additional income puts us in the phase-out for the child tax credit. Also, our taxable income is near the very top...
by Ron Ronnerson
Sat Mar 11, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 4188

Re: Total Annual Expenses

We're at about $80k/year in the S.F. Bay Area for a family of three. Rough breakdown (per month): Housing: $3,200 (includes mortgage, property taxes, HOA, house cleaning, and home improvement/repairs) Utilities: $450 (includes cable, Internet, home phone, cell phones, water, trash) Insurance: $550 (...
by Ron Ronnerson
Mon Mar 06, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling a little burnt out - look at my financial health and give me the bad news
Replies: 13
Views: 2224

Re: Feeling a little burnt out - look at my financial health and give me the bad news

No relation to mattyfu1 but similar story: I was working my way up the corporate ladder when I realized at age 28 that I couldn’t take that environment anymore. I’ve been teaching ever since. I’m currently age 42, earn $101k/year, have summers off, and am expecting close to a six-figure pension. Tha...
by Ron Ronnerson
Sun Mar 05, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?
Replies: 33
Views: 2018

Re: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?

I'm planning to retire in 19.5 years. We're at 80/20 (will have a pension and that factors into our asset allocation decision). Will gradually shift to more bonds as time passes and maybe be around 65/35 as retirement begins.
by Ron Ronnerson
Sat Mar 04, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!
Replies: 68
Views: 8080

Re: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!

I read an article today on the Finance Buff about paying zero taxes on $100,000 income and I thought, no way.. I'm looking at my tax return for last year (2015) and last paycheck stubs for that year too. Here are the numbers: combined gross income was about $133k we had $565 in interest state tax r...
by Ron Ronnerson
Sat Mar 04, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!
Replies: 68
Views: 8080

Re: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!

I read an article today on the Finance Buff about paying zero taxes on $100,000 income and I thought, no way.. I'm looking at my tax return for last year (2015) and last paycheck stubs for that year too. Here are the numbers: combined gross income was about $133k we had $565 in interest state tax r...
by Ron Ronnerson
Fri Mar 03, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!
Replies: 68
Views: 8080

Re: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!

I read an article today on the Finance Buff about paying zero taxes on $100,000 income and I thought, no way.. I'm looking at my tax return for last year (2015) and last paycheck stubs for that year too. Here are the numbers: combined gross income was about $133k we had $565 in interest state tax r...
by Ron Ronnerson
Thu Mar 02, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 11702

Re: Why can't I save enough to have decent vacation or restaurant meal

I'm at the very top of the 15% tax bracket. Any additional money would be taxed at 25%. State tax rate is 8%. I contribute 10.25% toward a pension. Our AGI is at $110,000. Any additional income would mean we'd be in the phaseout for the child tax credit (so effectively a 5% tax increase). I pay 1.4...
by Ron Ronnerson
Thu Mar 02, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 11702

Re: Why can't I save enough to have decent vacation or restaurant meal

Incendiary wrote:Interesting. And the pension contribution is required?


Yes

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