Search found 1143 matches

by furwut
Sat Feb 25, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Delivering a Large Check
Replies: 37
Views: 2617

Re: Delivering a Large Check

I need to "mail" a few large checks ($100,000 +) in the next week ... I would bet any bank taking such a check is going to examine the credentials of the person cashing it very carefully. FWIW I'd send them registered mail so you have positive proof the check was delivered to the correct ...
by furwut
Fri Feb 24, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Please vote on the wisest decision
Replies: 49
Views: 2743

Re: Please vote on the wisest decision

At age 38 I'd go with 2 AND 3. Your goal should be to fully take advantage of all tax-advantaged saving opportunities available to you. If you feel 100% stocks is too aggressive you could hold bonds in your Roth.

See the Wiki on 401ks ...
Expensive or mediocre choices
by furwut
Fri Feb 24, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Pension at the PBGC - when to begin taking
Replies: 16
Views: 1012

Re: Pension at the PBGC - when to begin taking

Brewman wrote:I figured it would make sense to wait until 65 to draw it since I'm getting an 8% guaranteed rate if I wait.



That would be me take on it as well. If PBGC truly guarantees your benefit I'd wait.
by furwut
Fri Feb 24, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-retirement checklist, what is on yours?
Replies: 40
Views: 3144

Re: Pre-retirement checklist, what is on yours?

Along the lines of a full physical also get any dental issues looked at as well.
by furwut
Thu Feb 23, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Would I have legal standing? Severence
Replies: 12
Views: 1839

Re: Would I have legal standing? Severence

The fact that you received a W2 from Company A suggests to me that you were initially hired by Company A. Therefore you may be entitled to any grandfathered benefits that Company A employees retained. Or it could be just a paperwork screw up - such things are common in mergers.
by furwut
Mon Feb 20, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 46
Views: 4064

Re: economics of landlording

Years ago on a business/financial radio show the host used to give the a rule of thumb that monthly rent should be 1% of the value - in your case $2500/mo. That maybe high but I agree with the many others above that $1500/mo doesn't leave any room for the inevitable expenses.
by furwut
Tue Feb 14, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Dumb Social Security Question
Replies: 6
Views: 1008

Re: Dumb Social Security Question

Those are today's dollars and the projection is based on the assumption that you continue working till your retirement age at the same salary. The actual benefit you will receive will be adjusted for inflation under current law. P.S. Mike Piper, AKA The Oblivious Investor, publishes a great primer o...
by furwut
Tue Feb 14, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: Apple TV free content suggestions
Replies: 10
Views: 804

Re: Apple TV free content suggestions

In complete agreement on PBS.

One cautionary note though is that the bulk of their content is now "windowed", I.e., only completely free to watch for about 2 weeks after the original air date. Thereafter you have to be a dues paying member to view it.
by furwut
Sun Feb 12, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: suggested auto liability levels?
Replies: 13
Views: 1095

Re: suggested auto liability levels?

I have a family member who inherited a judgement award from her deceased brother stemmimg from an auto accident caused by an indigent driver. The driver was never able to pay any damages but he did inherit a house at some point. So my family member put a lien on the house. When the driver finally pa...
by furwut
Sun Feb 12, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: What triggers a wave of credit offers?
Replies: 8
Views: 993

Re: What triggers a wave of credit offers?

I think its seasonal. I've been getting them too. This time of year perhaps credit card issuers find people easily enticed with balance transfer offers.
by furwut
Tue Feb 07, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Florida Blue cancelled ACA applied plan
Replies: 4
Views: 1057

Re: Florida Blue cancelled ACA applied plan

That's good news susa! In my world I talked with the exchange twice today. In the first call they confirmed that my enrollment data had been transmitted to the carrier. Called the carrier and they said, ah no. Called the exchange back and they agreed that none my requests to transmit the enrollment ...
by furwut
Sun Feb 05, 2017 11:36 am
Forum: Personal Consumer Issues
Topic: Walkable Florida
Replies: 17
Views: 1783

Re: Walkable Florida

There is a service called Walkscore which calculates the walkability of a given location. Many real estate listings feature this score - at least in parts of the country where walkability exists and is a desirable/obtainable feature. Where I live the walkscore is 97 (out of a hundred). There is not ...
by furwut
Fri Feb 03, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Best if used by, sell by?
Replies: 25
Views: 2407

Re: Best if used by, sell by?

I adhere to use within X days of opening labels for safety. But I think Sell By or Best if used by can be given some latitude. There may be some taste degradation. I just used some canned tomatoes that "expired" 10 months ago. As a general statement some foods age well while others do not.
by furwut
Fri Feb 03, 2017 8:06 pm
Forum: Investing - Theory, News & General
Topic: Good Backdoor Roth Vid. The end is nigh?
Replies: 5
Views: 1350

Re: Good Backdoor Roth Vid. The end is nigh?

Good video discussing the back door. Unfortunately the bit at the end hypothesizing potential tax law changes are outside the scope of discussion here.
by furwut
Fri Feb 03, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Florida Blue cancelled ACA applied plan
Replies: 4
Views: 1057

Re: Florida Blue cancelled ACA applied plan

Well I think your title is a bit misleading. The article reports that a computer glitch is incorrectly showing some policies as canceled which is different from a policy, in fact, being canceled. But if it is any consolation my own application for a policy with advanced tax credit, which I started o...
by furwut
Fri Feb 03, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: ROth 401K
Replies: 7
Views: 547

Re: ROth 401K

The Wiki covers the subject ...

Traditional versus Roth
by furwut
Wed Feb 01, 2017 11:21 pm
Forum: Investing - Theory, News & General
Topic: Just watched Warren Buffett's new HBO Documentary
Replies: 50
Views: 6710

Re: Just watched Warren Buffett's new HBO Documentary

Caduceus wrote:
If I don't have HBO, is there some other way I can watch it? I would really love to watch it too. :D


You may be able to stream it on HBO Now at some point.
EDIT: I checked and it is available on HBO Now. First month is free ...
by furwut
Wed Feb 01, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO discount for Berkshire Hathaway shareholders
Replies: 17
Views: 1677

Re: GEICO discount for Berkshire Hathaway shareholders

Alan S. wrote:Now let's see. If BRK ownership makes you a better driver, I wonder whose shares will get you a surcharge? :?:


BEAM.
As in Jim. 8-)
by furwut
Wed Feb 01, 2017 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO discount for Berkshire Hathaway shareholders
Replies: 17
Views: 1677

Re: GEICO discount for Berkshire Hathaway shareholders

tedclu wrote:You don't need to own a share, the discount can be had MANY ways, just give them a call, 99% of the people could qualify.


This.
by furwut
Fri Jan 20, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: IRA conversion question
Replies: 2
Views: 176

Re: IRA conversion question

401k assets are not included in the IRA prorata rule.
by furwut
Tue Jan 17, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Have GEICO auto, asked for quote online, $150 less
Replies: 19
Views: 1945

Re: Have GEICO auto, asked for quote online, $150 less

You probably caught this, but when initially obtaining an on-line quite from Geico, the parameters included higher deductibles, less comprehensive and less liability coverage than we currently held. Adding in comparable parameters changed the quote substantially. Tim THIS and Depending on the infor...
by furwut
Sun Jan 15, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 62
Views: 5279

Re: Flafship Reps

I wont miss my Flagship rep. But I will miss the free TurboTax I have received for the past 10(?) years. The only real perk of Flagship. I think that's gone now anyway isn't it? I wonder if Vanguard hasn't used its pool of experienced Flagship Advisors to fulfill its need for Personal Service Advis...
by furwut
Sun Jan 15, 2017 5:40 am
Forum: Investing - Theory, News & General
Topic: Do you manually do bookkeeping for all your investments by yourself?
Replies: 17
Views: 2027

Re: Do you manually do bookkeeping for all your investments by yourself?

Isn't true that every investment provider is required to keep track of the cost basis shares purchased after 1/1/2012 (i.e., covered shares) for you?

I've always left the bookkeeping up to Vanguard.
by furwut
Thu Jan 12, 2017 9:14 pm
Forum: Personal Consumer Issues
Topic: Recommend a LEAKproof microwavable, fairly decent sized lunch box!
Replies: 10
Views: 980

Re: Recommend a LEAKproof microwavable, fairly decent sized lunch box!

I rode my bike to work for many years carrying my lunch in a messenger bag strapped over my back. Obviously I was very concerned that there be no leaking onto my work clothes. My solution was to buy a set of airtight stainless steel containers made by Sanctus Mundo. To keep them airtight I never put...
by furwut
Sun Jan 08, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is driving for uber worth it for side money?
Replies: 67
Views: 10710

Re: Is driving for uber worth it for side money?

Will working 8PM to 4AM on Friday and 12PM to 4AM interfere with your sleep and ability to perform your primary job? That is a lot of hours and they may be different from your regular work hours and you will also be eliminating any opportunity to rest and relax. Just wanted to stress that operating...
by furwut
Thu Jan 05, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Settlement Advice
Replies: 19
Views: 1189

Re: Auto Insurance Settlement Advice

Why don't you check with a personal injury attorney? Usually the initial consultation is free.

IMO the disruption to ones life having to go to 36 medical appointments is worth more than $5000.

Good luck :)
by furwut
Wed Jan 04, 2017 12:20 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 4714

Re: On Point - Big Worries For Your 401(K) Retirement Plan

Under the 401(k) system you're made responsible for saving for your retirement. The problem is that:

A lot of people who can save don't.
And a lot of people who don't save can't.
by furwut
Tue Jan 03, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Advice on possible move. Investment vs lower mortgage
Replies: 3
Views: 575

Re: Advice on possible move. Investment vs lower mortgage

Real Estate transactions are very expensive so you don't want to be the person who changes houses as often as you might change hairstyles. Still homes are about lifestyles and if this is something you can afford you should consider it. But mhalley's warning about carrying 2 properties at once should...
by furwut
Tue Jan 03, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Choosing an Electric Company - Help!
Replies: 4
Views: 586

Re: Choosing an Electric Company - Help!

In my area the traditional power company remains responsible for distribution and billing* so, under that arrangement, the customer service aspect doesn't change. I chose to continue with them as my electricity provider as well since they alone charged a discounted rate for the first X hundred kilow...
by furwut
Sat Dec 31, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Tax Benefits of 401k when you have existing debts...
Replies: 8
Views: 775

Re: Considering Tax Benefits of 401k when you have existing debts...

Saving versus paying down debt is a question that comes up pretty often. There's probably even a Wikipedia entry on it. I think conventional wisdom would suggest contributing at least as much to the 401k to earn the maximum employer match. As for the next dollar I don't think it's so much a matter a...
by furwut
Sat Dec 31, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to use debit cards? Anybody here have one compromised?
Replies: 67
Views: 4929

Re: Is it safe to use debit cards? Anybody here have one compromised?

I've actually never had a credit card (I'm 26) and have always just used a debit card. After reading these threads though, I'm considering getting one. Does Ally offer increased fraud protection for their credit card compared to their debit card? Is this worth doing? It would be difficult to fully ...
by furwut
Fri Dec 30, 2016 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to use debit cards? Anybody here have one compromised?
Replies: 67
Views: 4929

Re: Is it safe to use debit cards? Anybody here have one compromised?

Would love to hear what others have to say about this. I have heard it is a nightmare if one is compromised. This is my only checking account. Use a credit card unless there is a special reason to use debit - like qualifying for the interest rate on a rewards checking account. Banks are required to...
by furwut
Fri Dec 30, 2016 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth to open a Roth IRA with my tax bracket?
Replies: 18
Views: 1506

Re: Is it worth to open a Roth IRA with my tax bracket?

Yes, consider opening and making a Roth IRA contribution.

A Roth IRA whose growth will be tax free beats a Non-Deductible IRA whose growth will be taxed at your income tax rate when distributed.
by furwut
Fri Dec 30, 2016 4:14 pm
Forum: Personal Consumer Issues
Topic: Zipcar?
Replies: 9
Views: 1197

Re: Zipcar?

Congratulations on the car-free decision. I went car-free 2003 and haven't regretted it yet. Here's a link to Zipper's FAQ's on insurance: http://www.zipcar.com/how#faqs-insurance-policy Unlike a traditional auto renter where the car is inspected upon return the only way an outfit like Zipcar has to...
by furwut
Wed Dec 28, 2016 8:46 pm
Forum: Personal Consumer Issues
Topic: Most sustainable vehicle
Replies: 44
Views: 2718

Re: Most sustainable vehicle

livesoft wrote:Bicycle.


Hands down the winner.
by furwut
Tue Dec 27, 2016 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare.Gov did not pass info to Ins Co
Replies: 5
Views: 778

Re: Healthcare.Gov did not pass info to Ins Co

I went through this 2 years ago. Enrolled in November with the understanding I would get advanced credits but the exchange never paid the insurance company until September of the following year. In my case I paid the full premium the first 2 months as I was worried about the policy getting cancelled...
by furwut
Tue Dec 27, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: After contributing Trad 401K to company match, then on to Roth 401k or Roth IRA?
Replies: 7
Views: 350

Re: Does it make sense to contribute to Roth 401K instead of Roth IRA?

The conventional wisdom is to max out your contributions on a pre-tax basis first.

Edited for clarity.
by furwut
Sat Dec 24, 2016 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Required Manditory Distribution from Inherited IRA at Christmas
Replies: 7
Views: 728

Re: Required Manditory Distribution from Inherited IRA at Christmas

I do the same thing. My RMD is scheduled for Dec 24th and I have a repeating calendar entry to confirm it on the 26th. Watty does bring up a good point though. The last week of the year may be personally busy and distracting such as to allow an error to go unnoticed. And trying to get the custodian ...
by furwut
Tue Dec 20, 2016 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Moved to the USA one year ago, how to build credit?
Replies: 12
Views: 868

Re: Moved to the USA one year ago, how to build credit?

Try googling building credit :happy One suggestion is to obtain a secured credit card. I think these cards typically have a low credit limit like $500 and the bank will hold that amount of your money in reserve in the event you don't make a payment. After awhile you'll "graduate" to a true...
by furwut
Mon Dec 19, 2016 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) - MAGI prediction
Replies: 15
Views: 1418

Re: ACA (ObamaCare) - MAGI prediction

With my state run exchange one has to submit documentation of income to qualify for advanced tax credits. Yes, same here, no issue with that. One simply creates the needed document and uses the online marketplace Application upload documents function --- it works in any state, any browser, any devi...
by furwut
Mon Dec 19, 2016 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) - MAGI prediction
Replies: 15
Views: 1418

Re: ACA (ObamaCare) - MAGI prediction

I submitted my application on November 9th. After a month I called to check on the progress only to be told my application had been lost. So I've sent another application in and have my fingers crossed that it won't take until September 2017!!!!! Don't understand the above ... it takes no more than...
by furwut
Mon Dec 19, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) - MAGI prediction
Replies: 15
Views: 1418

Re: ACA (ObamaCare) - MAGI prediction

tbradnc wrote:...then 2 months ago I realized enough capital gains to fill up the 0% capital gains space.


I'm choosing to fill the remainder of my 0% tax space with a Roth conversion. I think thats a better bang for the buck unless you actually need those capital gains to meet spending needs.
by furwut
Mon Dec 19, 2016 8:41 am
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) - MAGI prediction
Replies: 15
Views: 1418

Re: ACA (ObamaCare) - MAGI prediction

It looks like 2016 capital gains distributions will be about $4k, so I'm paying much more in premiums and out-of-pocket expenses than I would have been if I predicted correctly. ... Is it possible to retroactively change my insurance for 2016? If you had recognized earlier in the year that your inc...
by furwut
Sat Dec 17, 2016 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion vs. Premium Tax Credit
Replies: 8
Views: 793

Re: Roth Conversion vs. Premium Tax Credit

This link may be of interest: Optimizing Obamacare vs Minimizing Taxes presents a classic trade-off. On the one hand, it would be nice to maximize Obamacare subsidies. Easy! Simply don’t generate a lot of income. On the other hand, we want to minimize taxes. We do this by offsetting income with stan...
by furwut
Sat Dec 17, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How much cash do you keep?
Replies: 103
Views: 9298

Re: Retirees: How much cash do you keep?

I believe Vanguard's recommendation is 1 - 2 years. I keep 2 - 9 months cash on hand. When the amount gets down 2 months I take a distribution to raise it back up to 9 months. PS At this point I have no monthly income. I do have several years of expenses in CDs which I consider part of my fixed inco...
by furwut
Fri Dec 16, 2016 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting - 401k rollover vs taxable
Replies: 2
Views: 266

Re: Tax gain harvesting - 401k rollover vs taxable

If I had the available cash to pay the taxes due I think I would favor converting the 401k all the way to the top of the 15% tax bracket and skip the capital gains harvesting.
by furwut
Thu Dec 15, 2016 7:24 am
Forum: Investing - Theory, News & General
Topic: One fund for a person in retirement
Replies: 8
Views: 1628

Re: One fund for a person in retirement

Once you've achieved one fund nirvana I recommend you enroll in Vanguard's RMD service.
by furwut
Mon Dec 12, 2016 9:36 pm
Forum: Personal Consumer Issues
Topic: Automated Vacuums - time savings?
Replies: 9
Views: 1081

Re: Automated Vacuums - time savings?

user5027 wrote:Be careful with pets. I heard a story about a pet that had diarrhea and the roomba spread it all over the floor. :oops:


Most disconcerting.

Time for this: https://youtu.be/tLt5rBfNucc
by furwut
Mon Dec 12, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Help with ACA MAGI and tax loss harvesting
Replies: 12
Views: 1022

Re: Help with ACA MAGI and tax loss harvesting

You'll have to move quickly to get the rollover and conversion done by the end of the year!
by furwut
Sun Dec 11, 2016 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Help with ACA MAGI and tax loss harvesting
Replies: 12
Views: 1022

Re: Help with ACA MAGI and tax loss harvesting

Does your 401k have a Roth option and does it allow in plan conversions?

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