Search found 6629 matches

by jeffyscott
Fri Apr 13, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Buy I-Bonds before May 1 or After?
Replies: 16
Views: 1743

Re: Buy I-Bonds before May 1 or After?

It's not worth over analyzing, but... :) The "TIPS Watch" link says: "The I Bond’s six-month variable rate will fall from 2.48% to 2.22% on May 1". The potential 0.26% extra for 6 months will be offset in about 16 months if there is 0.1% fixed rate increase. A 0.1% increase would be about $200 extra...
by jeffyscott
Fri Apr 13, 2018 9:15 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 100
Views: 14568

Re: Ally online savings now at 1.45%

That is the way I choose to define a liability. Define it however you wish, but you are comparing owning the home you live in to owning a rental property as if you can not do both. Those are two separate decisions. You have to live somewhere, so a valid comparison is what does it cost to rent vs. b...
by jeffyscott
Fri Apr 13, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Buy I-Bonds before May 1 or After?
Replies: 16
Views: 1743

Re: Buy I-Bonds before May 1 or After?

aristotelian wrote:
Fri Apr 13, 2018 7:02 am
jpsc wrote:
Fri Apr 13, 2018 4:25 am
Buy it now and lock in the 2.48%, why wait until May and get the measly 2.2% ?
:happy
What if they raise the fixed rate?
I'm betting on that, going to risk losing out on $13 by delaying.
by jeffyscott
Thu Apr 12, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 100
Views: 14568

Re: Ally online savings now at 1.45%

I think you are confusing the house one lives in (a liability), and the house you rent out (an asset). How is the house I live in a liability? That is only the case if one owns more house than one would rent. A quick estimate in my case indicates that I would need to earn at least around 4-5% after...
by jeffyscott
Tue Apr 10, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 100
Views: 14568

Re: Ally online savings now at 1.45%

Money market fund should pay more than an FDIC insured savings account. I think it's only over the last 10 years or so that this has been reversed?
by jeffyscott
Tue Apr 10, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

My understanding is that he's saying the projected returns (e.g. 3% real) would be based on CAPE remaining at 33.4, which is very high. If instead, CAPE declines the realized returns will be lower.
by jeffyscott
Tue Apr 10, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

[Post removed by admin LadyGeek] Good to be skeptical, but bad to let skepticism cloud your vision. I think if you read more of Larry’s books and essays, you’ll find that clarity of thought, internal consistency, and integrity leaps off the pages. He’s posted here like 10,000 times, written I think...
by jeffyscott
Tue Apr 10, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

Larry Swedroe is not "targeting this forum." He said goodbye to the forum last year, and has not started a thread in this forum since April, 2017. I certainly do not think he is "targeting this forum", but the "goodbye" was seemingly only to posting publicly. It appears he still follows it and some...
by jeffyscott
Mon Apr 09, 2018 2:56 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

nisiprius wrote:
Mon Apr 09, 2018 2:34 pm
Larry Swedroe has sent me this PM commenting on my question as to whether SRRIX is an active or passive fund:...
Is the ER 2%+?, that's enough for me to reject it, be it index, passive, or active.
by jeffyscott
Mon Apr 09, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

As far as why no more CCF recommendations. All the discussed alts from Stone Ridge and AQR, like CCFs, are tax inefficient. Tax advantaged space is very limited, so have to make choices. What an explanation :!: ..."Well, I'd still recommend CCFs, but I just know that no one has room for them". Yep,...
by jeffyscott
Mon Apr 09, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 11
Views: 1349

Re: Health Savings Account

You can reimburse yourself whenever you like. Some people, like one poster above, even leave the money in the account with the idea that they will save receipts for years and years and then make a big withdrawal when they are 90 or something. That's not worth the hassle to me, I just take withdrawal...
by jeffyscott
Sun Apr 08, 2018 5:08 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

The suggestions on offer seem over-engineered and not proven. Agree and I am not willing to go beyond the suggestion: "One way to improve forward-looking return expectations is to globally diversify, as international equity valuations are quite a bit lower than U.S. valuations, if not exactly cheap...
by jeffyscott
Sun Apr 08, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

It’s important to note that valuations are at historically high levels and bond yields are at historically low levels. But that is not a clarion cry to try and time the market. Why not? There's little opportunity cost to wait in cash for more attractive opportunities. Using this source: https://int...
by jeffyscott
Sat Apr 07, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

The suggestions on offer seem over-engineered and not proven. Agree and I am not willing to go beyond the suggestion: "One way to improve forward-looking return expectations is to globally diversify, as international equity valuations are quite a bit lower than U.S. valuations, if not exactly cheap...
by jeffyscott
Sat Apr 07, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

...this all says to me that "cash" is something distinct from bonds (and obviously stocks) and that this separate type of asset can serve a beneficial purpose under certain circumstances that the other assets cannot. Moreover, as I stated in my prior post, I am not convinced that the traditional in...
by jeffyscott
Sat Apr 07, 2018 10:15 am
Forum: Investing - Theory, News & General
Topic: Why 401k options are limited?
Replies: 10
Views: 765

Re: Why 401k options are limited?

In the end it's just because those are the rules and laws that exist. They could certainly change the law to require plans to allow roll-over to IRA while still employed. Or just make a combined limit for IRA and 401K and allow employer contributions to go to IRA, so the individual would have their ...
by jeffyscott
Sat Apr 07, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

I’m not sure that those of you who take comfort in a relative higher interest payment, as a result of a bond fund decline, are factoring in what could happen if rates rise from near zero to anything even close to historic levels. For anything other than short term bonds. It will take years and year...
by jeffyscott
Sat Apr 07, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

One, by 2020 the years 2008-09 will 'drop off' the CAPE 10 metric. Won't that lower CAPE 10 somewhat, making equities more attractive (in theory)? I have read CAPE 10 will go down by roughly 4-5 points when we 'lose' 2008-09. Does that imply - do nothing because CAPE 10 will go down, and by that me...
by jeffyscott
Sat Apr 07, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Swedroe: Look Beyond 60/40 Portfolio
Replies: 237
Views: 14737

Re: Swedroe: Look Beyond 60/40 Portfolio

Larry Swedroe said: Compounding the problem is that low interest rates themselves increase the risk of fixed-income allocations because lower rates mean greater duration (a measure of bonds’ sensitivity to changes in interest rates, measured in years). For example, as Stone Ridge founder Ross Steve...
by jeffyscott
Fri Apr 06, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Amica paid in full discount for auto
Replies: 5
Views: 668

Re: Amica paid in full discount for auto

I also have gotten the discount up front. I think it's only 2%, though...or maybe that was the paperless discount?

I guess it is only the auto that has the paid in full discount, our other policies say 10 payment plan although I have always paid those in full in the past also.
by jeffyscott
Thu Apr 05, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 11
Views: 1349

Re: Health Savings Account

...or should I pay my $11,000 in annual insurance premiums and my $4,000 deductible from the HSA as they are incurred? Am I required to do so? I don't think the HSA can be used to pay your insurance premiums. From form 8889 instructions: You cannot treat insurance premiums as qualified medical expe...
by jeffyscott
Thu Apr 05, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: What's my income? (for credit card application)
Replies: 7
Views: 1307

Re: What's my income? (for credit card application)

I don't care about maximizing my credit limit... Same here, I'm just going for bonuses :greedy . When near the end Chase popped up with "do you want to include income from other sources to expedite your application", I interpreted that as meaning "you need more income". But now I think it may have ...
by jeffyscott
Thu Apr 05, 2018 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Advice for using credit card for auto rental insurance
Replies: 25
Views: 1838

Re: Advice for using credit card for auto rental insurance

I did get scammed in Germany once when National decided four months after the rental I had scuffed a bumper and stolen the English CD from the GPS. Credit card (Amex I think) wouldn't cover it since I was outside a 90 day claim window. It was a business trip so I just ended up expensing it. Another...
by jeffyscott
Wed Apr 04, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Phone recommendation(GSM and CDMA)
Replies: 11
Views: 972

Re: Phone recommendation(GSM and CDMA)

Just happened to see this article today, "Master List of "Universal Unlocked" Phones That Work on All Four US Networks":

https://www.prepaidphonenews.com/2018/0 ... hones.html
by jeffyscott
Wed Apr 04, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for using credit card for auto rental insurance
Replies: 25
Views: 1838

Re: Advice for using credit card for auto rental insurance

In Norway, when I mentioned the umbrella coverage, the guy even told me they also had something like $100K liability coverage included with the rental (appears to be required there). I don't remember if I mentioned the umbrella coverage in Germany and I don't know if the rental company was required...
by jeffyscott
Wed Apr 04, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Not going to be buying chicken for a while...
Replies: 65
Views: 8892

Re: Not going to be buying chicken for a while...

When a plant sees white striping, it usually gets diverted to an end use that can accommodate it, such as a slow cook or breaded battered deep fry application. Companies try to keep that out of the retail tray pack market. It's also not quite as common as reading this thread would suggest... All yo...
by jeffyscott
Wed Apr 04, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: Phone recommendation(GSM and CDMA)
Replies: 11
Views: 972

Re: Phone recommendation(GSM and CDMA)

GSM vs CDMA is a really old way of viewing cell phone tech. You want to consider much more than just GSM & CDMA. A number of carriers aren't running their primary networks on GSM or CDMA these days. LTE, for example, is in wide use and you want to ensure that the phone you're considering not only s...
by jeffyscott
Wed Apr 04, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: What's my income? (for credit card application)
Replies: 7
Views: 1307

Re: What's my income? (for credit card application)

I have used the total income amount(before adjustments) from my most recent tax return and never had any questions. This is a good idea because it's easy to substantiate if the bank has questions. That will work for me for future years. This being a transition year, I had added my income from parti...
by jeffyscott
Wed Apr 04, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Advice for using credit card for auto rental insurance
Replies: 25
Views: 1838

Re: Advice for using credit card for auto rental insurance

Rental car insurance is a major ripoff that becomes hugely more apparent in Europe. We had nothing like your experience when renting in Norway and Germany. No one tried to pressure us on insurance at all and the whole process was pretty much the same as we have had in the US. In Norway, when I ment...
by jeffyscott
Wed Apr 04, 2018 6:48 am
Forum: Personal Consumer Issues
Topic: What's my income? (for credit card application)
Replies: 7
Views: 1307

What's my income? (for credit card application)

We do a few credit card applications a year for the bonuses. Since retiring last year, I have been uncertain what to enter when credit card applications ask for income. Let's say there's a $30,000 pension, $600,000 in 401K, and $200,000 Roth IRA and we plan to withdraw $10,000 from 401K and rollover...
by jeffyscott
Tue Apr 03, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for using credit card for auto rental insurance
Replies: 25
Views: 1838

Re: Advice for using credit card for auto rental insurance

If you have an umbrella policy, it may cover your liability in a rental if there is no other coverage. When renting a car in Europe, our umbrella would've covered liability, while our personal car insurance would not as it is limited to US and Canada. As the owner of the car, the rental company may ...
by jeffyscott
Wed Mar 28, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: [Moving out of CA. What city has decent weather?]
Replies: 46
Views: 6212

Re: [Moving out of CA. What city has decent weather?]

It's tempting to let click-bait articles influence your outlook on how good you've got it, and all things considered we have it pretty good here in California. That doesn't stop me from speculating on selling our home and buying a 300k home in a 4 season location and another 300k condo in the Carib...
by jeffyscott
Wed Mar 28, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: Retirees: Do you spend all your "income"?
Replies: 46
Views: 4239

Re: Retirees: Do you spend all your "income"?

I'll try a definition of "income" here and others may want to comment on it. Income = interest and dividends on investments including stocks, bonds, CDs, etc. + SS + pension payments + annuity payments + business earnings/wages/unemployment insurance payments/WC OK, so what %? (Over 100% is a perfe...
by jeffyscott
Tue Mar 27, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: [Moving out of CA. What city has decent weather?]
Replies: 46
Views: 6212

Re: [Moving out of CA. What city has decent weather?]

Best source of (extremely) detailed weather and climate info that I have found is: https://weatherspark.com/ Thanks! The "comparison of average weather" tool is particularly useful. If I was considering leaving California, I would pay particular attention to the "Chance of Muggy Conditions" chart o...
by jeffyscott
Sun Mar 25, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: [Moving out of CA. What city has decent weather?]
Replies: 46
Views: 6212

Re: [Moving out of CA. What city has decent weather?]

I went to Texas and Arizona during summer, it is HOT. What about Flagstaff? You may have to choose what type of undesirable weather you prefer, during certain parts of the year. Cold winter, hot & humid summer, even hotter but drier summer, cool & drizzly winter, etc. We are in the cold winter zone...
by jeffyscott
Sun Mar 25, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Market valuations: CAPE vs the FED model (used by Buffett)
Replies: 19
Views: 1793

Re: Market valuations: CAPE vs the FED model (used by Buffett)

So which model do you prefer and why? Rather than try to independently assess market valuations (and expected returns), I just look at a few sources, that I think are of some value, for their evaluations. I use Research Affiliates, GMO, and Morningstar...mostly the first 2, M* seems overly optimist...
by jeffyscott
Sat Mar 24, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: changing my signature when signing checks and credit card receipts
Replies: 47
Views: 3232

Re: changing my signature when signing checks and credit card receipts

It seems problematic to me to empower a poll judge to deny a ballot because they don't like the look of your signature :shock: . We used to just give our name, but now have to sign and show ID. But, I do not believe the signature could possibly be used to deny someone a ballot, only refusing to sign...
by jeffyscott
Sat Mar 24, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: changing my signature when signing checks and credit card receipts
Replies: 47
Views: 3232

Re: changing my signature when signing checks and credit card receipts

In a few days, signature will no longer be required on credit card receipts. https://www.creditcards.com/credit-card-news/signatures-soon-may-not-be-required.php Good, it is about time they acknowledged the uselessness of this "signature requirement". No merchant that I have dealt with actually req...
by jeffyscott
Fri Mar 23, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is the sentence for laminating a Medicare Card?
Replies: 20
Views: 3068

Re: What is the sentence for laminating a Medicare Card?

Your new card is paper, which is easier for many providers to use and copy. It's interesting that the Medicare card needs to be paper for the providers but my AARP/United Healthcare Medicare supplement plan card is plastic. Pretty sure no insurance card that I have ever had has been paper, yet no p...
by jeffyscott
Fri Mar 16, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Not Claiming Dependant to Get Saver’s Credit
Replies: 13
Views: 1173

Re: Not Claiming Dependant to Get Saver’s Credit

The AGI limit increases for 2018, but the value will be a maximum of $1400 for joint and $700 individual.

For single, AGI limit for 50% credit is $19,000, reduce that by std deduction of $12,000, leaves $7000 taxable. Since that's completely in the 10% bracket, taxes would be $700.
by jeffyscott
Fri Mar 16, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Not Claiming Dependant to Get Saver’s Credit
Replies: 13
Views: 1173

Re: Not Claiming Dependant to Get Saver’s Credit

1) As previous noted, the Savers Credit is limited to a maximum of $1,000 for an unmarried taxpayer. 2) It is a NONrefundable credit, which means it can't exceed the amount of the child's tax liability. If the student made the kind of money that part-time workers typically make, there is likely lit...
by jeffyscott
Fri Mar 16, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Anyone Use Points.com Wallet
Replies: 4
Views: 382

Re: Anyone Use Points.com Wallet

I've used it for quite a while. I have no use for airline points so it's a great way for me to exchange those points for a Best Buy gift card which I bring to BB and buy a Shell gift card to buy gas. Bam! Something useful from something useless to me. What exchange rate have you gotten for airline ...
by jeffyscott
Wed Mar 14, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Factory reset - Apps now incompatible
Replies: 10
Views: 908

Re: Factory reset - Apps now incompatible

Seen this with IOS and Android OS. Basically the app gets updated on the App Store to a version that will not run on your device. Your previous app was an older version that would run. Sometimes you can locate the older app and force a download of it... Other times you are out of luck... This is th...
by jeffyscott
Mon Mar 12, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: Server Changed TIP amount - 3rd time in a month
Replies: 50
Views: 4809

Re: Server Changed TIP amount - 3rd time in a month

GCD wrote:
Mon Mar 12, 2018 10:34 am
Yeah, I pretty much agree with all of that.
:sharebeer
by jeffyscott
Mon Mar 12, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Server Changed TIP amount - 3rd time in a month
Replies: 50
Views: 4809

Re: Server Changed TIP amount - 3rd time in a month

I don't either , but I am reconsidering this. Apparently some places (Outback, maybe others) that are primarily sit-down but also have a large percentage of carry-out assign their wait staff to carry-out as a sort of collateral duty while they are also waiting tables. I have heard that, but what am...
by jeffyscott
Mon Mar 12, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Server Changed TIP amount - 3rd time in a month
Replies: 50
Views: 4809

Re: Server Changed TIP amount - 3rd time in a month

I don’t understand what benefit people see in keeping a copy of the receipt in terms of proving the tip amount. It’s the merchant’s copy that matters. You would have to take a photo of the original, since carbon copies have gone the way of the Dodo. My copy would be so that I know what I put on the...
by jeffyscott
Sun Mar 11, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Server Changed TIP amount - 3rd time in a month
Replies: 50
Views: 4809

Re: Server Changed TIP amount - 3rd time in a month

Got it. Yes that is different and totally optional. Optional and in those situations I ALWAYS put a zero on the tip line and write in the total to avoid what happened to the OP. When I am actually being served I always tip generously of course. How would writing anything avoid changing tip amounts?...
by jeffyscott
Sun Mar 11, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: need help with travel plan with CC rewards
Replies: 9
Views: 1002

Re: need help with travel plan with CC rewards

I think that with Southwest you could potentially get 5 tickets using points. Their system is points can be used for any flight and a point is always worth about 1.7 cents. They don't restrict availability like others do. I think the ongoing 1.7% effective rebate rate (3.4% on hotels and car rentals...
by jeffyscott
Sat Mar 10, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: need help with travel plan with CC rewards
Replies: 9
Views: 1002

Re: need help with travel plan with CC rewards

Sounds like you will need quite a few points/miles if you want to cover 5 tickets? I would start by looking at the award ticket pricing and avaialbility for whatever airlines you might use and then see if you can implement a strategy to get enough points/miles for that. We like Southwest for domesti...
by jeffyscott
Sat Mar 10, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Filed 2017 taxes electonically for FREE
Replies: 46
Views: 4747

Re: Filed 2017 taxes electonically for FREE

I tried Credit Karma and was told I needed to upgrade my account by entering a landline phone number, but I haven't had a landline for over a decade. I filed for free through H&R Block, but I don't think my income this year will allow me to do that next year. I don't think it had to be a landline, ...