Search found 736 matches

by learning_head
Fri Sep 22, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Innovis and ChexSystems freeze confirmation letters
Replies: 14
Views: 1141

Re: Innovis and ChexSystems freeze confirmation letters

12 days for both for me (though I called Chexsystems 5 days after, and they expedited it for me - still took 7 days after that)
by learning_head
Fri Sep 22, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: with frozen credit, is there benefit to fraud monitoring services?
Replies: 16
Views: 704

Re: with frozen credit, is there benefit to fraud monitoring services?

Once you let an entity in, they'll be able to access the credit agencies going forward even if you have a freeze. Thanks Artsdoctor! That makes sense and in fact indirectly answers OP question too: while freeze prevents crooks from opening new accounts at NEW institutions, they can still do so at E...
by learning_head
Fri Sep 22, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: with frozen credit, is there benefit to fraud monitoring services?
Replies: 16
Views: 704

Re: with frozen credit, is there benefit to fraud monitoring services?

Thanks Ndop

Curious: after a freeze, would credit monitoring alerts from Credit Karma work, considering they should be prevented from accessing my credit reports, just like other organizations? In other words, how would they know of any changes to my credit history?
by learning_head
Fri Sep 22, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: How Often Do you make a Back-Door Roth Conversion
Replies: 11
Views: 684

Re: How Often Do you make a Back-Door Roth Conversion

I do it once every two years between Jan and April, for both prior year and current year.
by learning_head
Thu Sep 21, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: with frozen credit, is there benefit to fraud monitoring services?
Replies: 16
Views: 704

Re: with frozen credit, is there benefit to fraud monitoring services?

Thank you for the responses so far. Sorry for not being completely clear but please note that I am wondering not only about fraud alerts provided by the 3 agencies (and mandated by law), but also about other monitoring services; e.g. CreditKarma, Equifax's 1-year-free TrustedID Premier service, Tran...
by learning_head
Thu Sep 21, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: with frozen credit, is there benefit to fraud monitoring services?
Replies: 16
Views: 704

Re: with frozen credit, is there benefit to fraud alert services?

Rupert wrote:
Thu Sep 21, 2017 4:41 pm
I don't think you can set fraud alerts when your credit files are frozen. There's absolutely no need for it in any event.
From what I read, you can still sign up for fraud alerts as well as various monitoring services - you just have to temporarily thaw one (or all) freezes first.
by learning_head
Thu Sep 21, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 180
Views: 14599

Re: I won the Lottery. Need sound advice.

I'd suggest in this situation to pay off all (540k of) your debt first. That will net you ~640k of true net worth. Early retirement depends entirely on your true out-of-pocket expenses (in retirement) + some buffer to make you sleep at night. You can try estimating by keeping close track of all ongo...
by learning_head
Thu Sep 21, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: with frozen credit, is there benefit to fraud monitoring services?
Replies: 16
Views: 704

with frozen credit, is there benefit to fraud monitoring services?

I have freezes setup in all 5 agencies recently circulated (big 3, chexsystems, innovis). I know signing up for fraud alert service will mean I will have to thaw them. That's not an issue - I don't mind. Question (sorry if dumb): is there benefits to having fraud alert or other monitoring services g...
by learning_head
Thu Sep 21, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 90
Views: 3283

Re: Online Bill Pay Security: Push or Pull?

Thanks for this info - in my case my wife shops too much for me to get text alerts every time there is a charge :) If there was a text for something over a certain threshold or for a place/item you don't usually purchase it might be more useful but I believe that is the kind of thing the fraud depa...
by learning_head
Thu Sep 21, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 90
Views: 3283

Re: Online Bill Pay Security: Push or Pull?

I find myself logging in to my CC website or App and checking transactions every couple of days At least some credit cards will just send you text alerts whenever there is a charge (if you sign up for these alerts). No need to login then... Also, you can use custom-generated credit card numbers for...
by learning_head
Thu Sep 21, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Do you pay for credit monitoring?
Replies: 25
Views: 1144

Re: Do you pay for credit monitoring?

I had zander id theft insurance; and, was hit with fraud. Someone social engineered their way into my checking account (posing as my wife) and western union'ed themselves $2500. While I was attempting to resolve this I was also hit with CC fraud, and again about three months later. I had that check...
by learning_head
Thu Sep 21, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 58
Views: 16965

Re: Is a security freeze at Innovis really needed?

...FYI, I placed a ChexSystems freeze and few days later was unable to open an account at a new credit union (they want me to thaw it first). So, the freeze did its job. Then, I proceeded to open new Ally CDs that you are talking about and those went through just fine. Assume you were an existing A...
by learning_head
Thu Sep 21, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 58
Views: 16965

Re: Is a security freeze at Innovis really needed?

As many others have done, I requested freezes at Equifax, Experian, TransUnion, and Innovis. But before doing the same with ChexSystems, I wanted to submit a question to one of my online banking accounts first. I believe many bogleheads have taken advantage of the 11-month no-early-withdrawal-penal...
by learning_head
Wed Sep 20, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 90
Views: 3283

Re: Online Bill Pay Security: Push or Pull?

And you are on the hook for $500 in that case too (according to very nice link posted earlier). After 60 days, too bad I guess - at least there is no obligation to return your money... ? The $500 limit applies to losing a debit card, not unauthorized ACH debits. Here's more official information fro...
by learning_head
Wed Sep 20, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 90
Views: 3283

Re: Online Bill Pay Security: Push or Pull?

I am afraid your own bank will just say as far as they are concerned you allowed unauthorized debits from the other bank and I should take it up with them (esp, if I did not notice this withdrawal within N days). Is that not the case? If thieves have my bank accounts info, my main concern would be ...
by learning_head
Wed Sep 20, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 90
Views: 3283

Re: Online Bill Pay Security: Push or Pull?

tfb, do you happen to know what, if anything, prevents if a thief from pulling from your bank account via ACH if they know your routing and acct number? How do you go about disputing this with some bank you never heard of? In a 4-party system, you, your bank, they, their bank, when they initiate th...
by learning_head
Wed Sep 20, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 90
Views: 3283

Re: Online Bill Pay Security: Push or Pull?

In the ACH system, whoever initiates, whether push or pull, takes the responsibility. When you set up as pull, the biller is responsible. If the amount is wrong or an unauthorized party pulled from you, you can always dispute it. Even if thieves steal your bank account information and perform a pul...
by learning_head
Wed Sep 20, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 90
Views: 3283

Re: Online Bill Pay Security: Push or Pull?

I worry of the opposite too though - if ALL my credit cards are stored at my bank - it would only take one hack to have all my credit cards data - then I wouldn't have a single one left to use (thinking of if I am traveling internationally or something) - thus my hybrid approach. Yes - the credit c...
by learning_head
Thu Sep 14, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 10779

Re: Anyone else freeze their credit score?

Angelus359 wrote:I don't like putting in my social without encryption
and how do you feel when filling out paperwork for every new doctor / dentist office? :annoyed
by learning_head
Tue Sep 12, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 627
Views: 36575

Re: Equifax customer information leak

Thanks. I doubt I'll need to open any bank accounts unless I move to another state which I doubt but who knows. It doesn't seem I need to be concerned then especially when you say there are a lot of these. I'm trying to hit all the bases having just found out about Innovis. I have had the same bank...
by learning_head
Tue Sep 12, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 627
Views: 36575

Re: Equifax customer information leak

Word to the wise...The Chex site asks for your driver's license when implementing a freeze. Don't give it to them. It's not a required field. Even though it's not noted as required when I tried leaving it out the freeze didn't go through and I was asked to provide it. So I believe it is required. L...
by learning_head
Tue Sep 12, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 627
Views: 36575

Re: Equifax customer information leak

Brian Krebs has just posted a new article where he provides detailed answers to the questions that came up since the Equifax breach: https://krebsonsecurity.com/2017/09/the-equifax-breach-what-you-should-know/ Thank you! Great article! I've frozen all... but also thought this response from "Dennis"...
by learning_head
Tue Sep 12, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 627
Views: 36575

Re: Equifax customer information leak

I have no experience, but here are their terms of service https://www.trueidentity.com/legal/service-agreement You understand that in order to receive the free products, you must agree to receive targeted offers by TransUnion and other third parties. So it looks like a marketing ploy, but if you ca...
by learning_head
Tue Sep 12, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: TrueIdentity from TransUnion - free credit freeze and protection?
Replies: 23
Views: 3445

Re: TrueIdentity from TransUnion - free credit freeze and protection?

Sigh... From (apparently) an area expert at https://krebsonsecurity.com/2017/09/the-equifax-breach-what-you-should-know/ Q: I see that Trans Union has a free offering. And it looks like they offer another free service called a credit lock. Why shouldn’t I just use that? A: I haven’t used that monito...
by learning_head
Mon Sep 11, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: TrueIdentity from TransUnion - free credit freeze and protection?
Replies: 23
Views: 3445

Re: TrueIdentity from TransUnion - free credit freeze and protection?

The "free" version of TrueIdentity only allows control/monitoring of your TransUnion report. You can add Equifax & Experian at a cost. I posted a bit about TrueIdentity here... https://www.bogleheads.org/forum/viewtopic.php?f=11&t=227416&newpost=3527897&view=unread#p3527858 Thanks; so is your under...
by learning_head
Mon Sep 11, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 627
Views: 36575

Re: Equifax customer information leak

I have no experience, but here are their terms of service https://www.trueidentity.com/legal/service-agreement You understand that in order to receive the free products, you must agree to receive targeted offers by TransUnion and other third parties. So it looks like a marketing ploy, but if you ca...
by learning_head
Mon Sep 11, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 627
Views: 36575

Re: Equifax customer information leak

Like others on this thread, I noticed Equifax freezes for free despite legal ability to collect fees for the freeze. Innovis and Chexsystems were free as well. I noticed TransUnion offers "TrueIdentity" product for free which allows on to easily "Lock your TransUnion report". Has anyone had experien...
by learning_head
Mon Sep 11, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: TrueIdentity from TransUnion - free credit freeze and protection?
Replies: 23
Views: 3445

TrueIdentity from TransUnion - free credit freeze and protection?

Does anyone have experience with TrueIdentity from TransUnion? They promote it as as free service with these highlights: - Lock your TransUnion report with a single swipe or click - Get alerts to critical credit information changes - Enjoy unlimited TransUnion report refreshes - It’s 100% free — no ...
by learning_head
Mon Sep 11, 2017 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 10779

Re: Anyone else freeze their credit score?

I am still baffled as to exactly how freezing my credit records is supposed to help me. Freezing my credit records doesn't stop me or anybody else from charging things on my credit cards, let alone stop the hackers from using the information they have about me to impersonate me. Charging your own c...
by learning_head
Wed Aug 23, 2017 5:30 pm
Forum: Investing - Theory, News & General
Topic: Mike Piper and CDs
Replies: 54
Views: 5966

Re: Mike Piper and CDs

Other side of argument to Doc and Artsdoctor: Your treasuries may go up, but they also may go down. They are simply riskier than CDs for your fixed side of portfolio. They may in fact move in opposite direction of stocks but not always. (yes, likely negative overall correlation.) On risk-adjusted ba...
by learning_head
Mon Jun 19, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: Amazon Buys Whole Foods
Replies: 103
Views: 11696

Re: Amazon Buys Whole Foods

I don't mind paying more for organic fruit/produce/meats, but what's annoying about WF is that they charge more for the exact same product at Trader Joes. It's just gouging plain and simple. Try pricing a 28 oz can of San Marzano whole tomatoes at both places. WF is like a dollar more. So annoying....
by learning_head
Tue Apr 25, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 11329

Re: Why are pensions revered, but annuities reviled?

Note, at that point I only had 7 day freelook period, before I would have to cancel the whole contract and request the money back; and annuity prices became worse in the mean time as well. With interest rates rising, I would why the annuity prices became worse. Higher interest rates generally impro...
by learning_head
Tue Apr 25, 2017 11:04 am
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 5293

Re: LMP-1: P&I article on corporate & public pension plans

... as you say though "its never clear how long you are going to live." somewhere in your 80s i guess is probably the time to start buying a deferred annuity that kicks in at age 95. (As you also noted in the past) today at least, deferred annuities provide no meaningful inflation protect...
by learning_head
Mon Apr 24, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 11329

Re: Why are pensions revered, but annuities reviled?

... but the single-premium immediate annuity (SPIA) is a fine product, but only from either Vanguard or TIAA. There may be other companies, but I would check around and be very careful about the costs. I would not recommend Vanguard. They just resell SPIAs from other companies (and go through anoth...
by learning_head
Mon Apr 24, 2017 7:18 pm
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 5293

Re: LMP-1: P&I article on corporate & public pension plans

I'm not sure i understand why a tips ladder has reinvestment riSk? I imagine it means this for someone who needs to assure real income for over 30 years: (a) it's not clear what TIPS products will exist in 30 years when you may need to reinvest proceeds for years beyond; i.e. --- at what maturities...
by learning_head
Mon Apr 24, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: LMP-1: P&I article on corporate & public pension plans
Replies: 60
Views: 5293

Re: LMP-1: P&I article on corporate & public pension plans

The key point is that all three choices—an inflation-adjusted annuity, TIPS ladder or short-bond portfolio—or any combination of them would match the retiree’s annual needs well, because they all provide a known stream of income and principal over the years. A portfolio starting at 60% bonds and 40...
by learning_head
Sat Apr 22, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 5474

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

Or come up with an offer to align your interests with parents? E.g. offer to return 50% of all fees if grades do not improve at least by 1 letter after 1 semester?
by learning_head
Sat Apr 22, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Delayed Mega Backdoor Roth
Replies: 11
Views: 1540

Re: Delayed Mega Backdoor Roth

I have same question for Alan: would not contributing earnings to TIRA significantly complicate the "normal" backdoor Roth IRA conversions for those that don't want to mess with proportional allocations when going from tIRA to rIRA? If alternative is just investing in taxable, I would thin...
by learning_head
Thu Apr 20, 2017 10:00 pm
Forum: Investing - Theory, News & General
Topic: Visualizing the devastating impact of fees
Replies: 54
Views: 5598

Re: Visualizing the devastating impact of fees

To summarize: what investor loses - as percentage of their overall wealth does not depend on market returns - as percentage of growth *does* depend on market returns With any reasonable market returns assumptions, the latter is a much larger number over years (e.g. over 50-60% as opposed to "ju...
by learning_head
Thu Apr 20, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: Visualizing the devastating impact of fees
Replies: 54
Views: 5598

Re: Visualizing the devastating impact of fees

... I notice that changing the rate return on the Vanguard slider impacts the percentage lost to fees, which I don't understand. ... In case of Vanguard, their chart shows growth on 10k principal. Consider 2% fee charged and 2 scenarios after year 1: - 5% return implies $500 growth out of which ~$2...
by learning_head
Wed Apr 19, 2017 10:06 pm
Forum: Investing - Theory, News & General
Topic: Article-Argument against Buffet and Bogle's International Advice
Replies: 36
Views: 4607

Re: Article-Argument against Buffet and Bogle's International Advice

The usual response is that owning US stocks is not a bet that the dollar will go up for US investors, and this because our expenses are in dollars. If the dollar goes down in value, my US stocks go down in value, but my expense go down by the same amount, so I haven't lost anything in real terms. I...
by learning_head
Wed Apr 19, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 217
Views: 25818

Re: Capital One 360 $200 bonus

I almost felt guilty for taking $250 from WFB after having the account open for less than 3 weeks and doing only 10 debits for 10 days by buying my daily $2 coffee. Same goes for CapOne, whose account I only had opened for 8 days! I thought when taking advantage of credit card bonuses, it's recomme...
by learning_head
Wed Apr 19, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 83
Views: 8012

Re: Did anything surprise you in your 2016 taxes?

Head of Household status apparently has no advantage over Single status once both reach AMT level
by learning_head
Wed Apr 19, 2017 2:47 pm
Forum: Investing - Theory, News & General
Topic: Article-Argument against Buffet and Bogle's International Advice
Replies: 36
Views: 4607

Re: Article-Argument against Buffet and Bogle's International Advice

I have a small allocation to international equities because I value the diversification. I also understand and hate that it exposes me to the risk of currency fluctuations on top of the normal market risk that comes from investing in U.S. based companies. That said, I intend to stay the course and ...
by learning_head
Wed Apr 19, 2017 8:58 am
Forum: Investing - Theory, News & General
Topic: Article-Argument against Buffet and Bogle's International Advice
Replies: 36
Views: 4607

Re: Article-Argument against Buffet and Bogle's International Advice

I keep a significant 40% in International simply to ensure I don't have all my eggs in one basket. I would tell someone in real estate not to tilt their retirement towards REITs in the off chance that sector has a long-term implosion. People at Enron, for example, learned the hard way why it is a a...
by learning_head
Fri Apr 14, 2017 2:54 pm
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 166
Views: 26237

Re: Illusion of poverty/wealth

You keep saying how I consider only 1 extremely unlikely scenario. I would say there are only 2 general scenarios: inflation will be high during my lifetime or it won't be. There are very many high-inflation scenarios that would come out the same way as my example. There are some high inflation scen...
by learning_head
Fri Apr 14, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 166
Views: 26237

Re: Illusion of poverty/wealth

4.7% average inflation does not necessarily assume it's constant throughout period as I had mentioned before. You could have a large spike and then (when you need to buy annuity) 0% inflation or deflation even (and yes, including expectations). That parenthetical ("and yes, including expectati...
by learning_head
Thu Apr 13, 2017 1:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Forms Nightmare
Replies: 7
Views: 1773

Re: Vanguard Forms Nightmare

I encountered Vanguard rep incompetence as well; in my case, with annuity purchase. First they sent me wrong info as to how a rider would work. After I purchased the annuity based on that info, neither my assigned rep, nor the manager in that group tried to help when I asked them to. Both claimed th...
by learning_head
Thu Apr 13, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 166
Views: 26237

Re: Illusion of poverty/wealth

@NiceUnparticularMan: 4.7% average inflation does not necessarily assume it's constant throughout period as I had mentioned before. You could have a large spike and then (when you need to buy annuity) 0% inflation or deflation even (and yes, including expectations). And further, 2 or more spikes in ...
by learning_head
Wed Apr 12, 2017 6:07 pm
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 166
Views: 26237

Re: Illusion of poverty/wealth

That's not typically what a monopolist does. Yes, but as of lately they have not adjusted to being a monopolist yet. Their prices are worse than AIG had but they did not start increasing them much yet (last time i checked) Well, I showed you the chart--very rarely is the rolling 10-year average ove...