Search found 4223 matches

by midareff
Thu Sep 29, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How closely do you check your credit card statements?
Replies: 51
Views: 2056

Re: How closely do you check your credit card statements?

I check once or twice a week. I've had restaurant servers change the amount of tip and such so I keep an eye on things.
by midareff
Tue Sep 27, 2016 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: How it really feels to have investments during a bear market?
Replies: 71
Views: 4885

Re: How it really feels to have investments during a bear market?

Having had the experience of going through the 2007/08 and 1998/99 "evernts" I can tell you it feels awful. You have watched significant portions of the money you saved and invested for your future vanish, literally, day after day. If you are thinking you can watch hundred of thousands of ...
by midareff
Tue Sep 27, 2016 8:19 am
Forum: Personal Consumer Issues
Topic: Computer backup options
Replies: 21
Views: 1141

Re: Computer backup options

I backup the same types of files.... excel, statements, etc., photos and music. The data really changes only a few days around the first of the month and the photos generally after a trip. I backup to an SSD external, a USB 3.0 external and a 1 TB Raid. Backups are done manually (send docs to drive)...
by midareff
Tue Sep 27, 2016 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 3422

Re: Cosigning a new car lease for sister out of state

My sister is putting up all of the leasing costs for 4 years into a separate checking account with auto pay each month for the 4 years. I will be added to her insurance policy as an "additional insured" as well. All and any other advice is appreciated. I think something is real wrong here...
by midareff
Mon Sep 26, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 3422

Re: Cosigning a new car lease for sister out of state

My sister is putting up all of the leasing costs for 4 years into a separate checking account with auto pay each month for the 4 years. I will be added to her insurance policy as an "additional insured" as well. All and any other advice is appreciated. I think something is real wrong here...
by midareff
Sun Sep 25, 2016 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Cosigning a new car lease for sister out of state
Replies: 71
Views: 3422

Re: Cosigning a new car lease for sister out of state

My sister is putting up all of the leasing costs for 4 years into a separate checking account with auto pay each month for the 4 years. I will be added to her insurance policy as an "additional insured" as well. All and any other advice is appreciated. I think something is real wrong here...
by midareff
Sat Sep 24, 2016 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Asset Location Withdrawal Question
Replies: 12
Views: 1023

Re: Asset Location Withdrawal Question

There are several distinct disadvantages to no bonds in taxable. If you are withdrawing from taxable and the market tanks, and all you have in that account is equities your sequence of return risk shows immediately and you get killed on your withdrawals from taxable. You avoid that risk by selling ...
by midareff
Fri Sep 23, 2016 7:11 pm
Forum: Personal Consumer Issues
Topic: Viking cruise in Europe
Replies: 10
Views: 2011

Re: Viking cruise in Europe

Took their Amsterdam to Budapest river cruise summer of 2015 and it was wonderful. Took their Russia river cruise this last summer, also wonderful. Have another river cruise booked for next summer with them. Great food, great service, land excursions done properly... all AOK.
by midareff
Fri Sep 23, 2016 9:07 am
Forum: Investing - Theory, News & General
Topic: Facing Up to low yielding world
Replies: 11
Views: 2137

Re: Facing Up to low yielding world

I think it's pretty simple. Invest your money in a manner in which you are comfortable, in low cost and well diversified passive management index funds with SWAN risk and fogetaboutit.
by midareff
Fri Sep 23, 2016 9:00 am
Forum: Investing - Theory, News & General
Topic: Understanding cliches we hear often for the newbie investor
Replies: 7
Views: 698

Re: Understanding cliches we hear often for the newbie investor

Bulls will make money, bears will make money, but it is the destiny of a pig to go to slaughter.
by midareff
Thu Sep 22, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: $200 Cash Back after spending $500
Replies: 3
Views: 906

$200 Cash Back after spending $500

Received a Barclaybank promo offer in the mail. $200 cash back after spending $500 in the first 90 days. Move the cash to any bank you like. I asked the application clerk what would stop someone from cancelling the card after getting the $200 back and they would not answer. Anyone familiar with this...
by midareff
Thu Sep 22, 2016 10:42 am
Forum: Personal Consumer Issues
Topic: Having intermittent problem with Visa chip card
Replies: 20
Views: 1166

Re: Having intermittent problem with Visa chip card

No problems so far with several chip cards. I have in the past had issues with swipe cards starting to malfunction. At that point I call customer service and tell them to send another. If the card has stopped working I request an overnight.... several different companies have not had any issue with ...
by midareff
Tue Sep 20, 2016 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Asset Location Withdrawal Question
Replies: 12
Views: 1023

Re: Asset Location Withdrawal Question

There are several distinct disadvantages to no bonds in taxable. If you are withdrawing from taxable and the market tanks, and all you have in that account is equities your sequence of return risk shows immediately and you get killed on your withdrawals from taxable. As far as all bonds in tIRA I th...
by midareff
Tue Sep 20, 2016 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Two questions ["Age in Bonds" vs. Risk Tolerance]
Replies: 24
Views: 1448

Re: Two questions

As suggested, I've been reading the wiki everyday and it has spurred a couple questions. Some info to help guide your replies: I'm a 45 year old fledgling investor (yes, I know I'm late to the game), time horizon is approximately 20 years, very secure profession and pension plan, will be using excl...
by midareff
Tue Sep 20, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Is there a point when a used car is too used to be worth buying?
Replies: 43
Views: 3196

Re: Is there a point when a used car is too used to be worth buying?

Didn't you just buy a new MB S550 coupe, and were considering an R8 and a Bentley before that? Seems like an odd question considering the circumstances. Must be for the wife! Exactly. Hence the " and my wife's lease is about to come up" in the second paragraph of my original post ;) She h...
by midareff
Sun Sep 18, 2016 7:45 am
Forum: Personal Consumer Issues
Topic: Singapore Sling (Raffles Hotel) or Suntory Whisky (Park Hyatt Tokyo)?
Replies: 13
Views: 1009

Re: Singapore Sling (Raffles Hotel) or Suntory Whisky (Park Hyatt Tokyo)?

If you get to Singapore don't forget a cable car to Sentosa. We were there during Grand Prix week.. lots of fun. An excursion into Malaysia is worth taking as well.
by midareff
Mon Sep 12, 2016 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 1343

Re: Pension Buyout and LTC

Isn't the lump payout considered fully taxable income? Good question. If we took the lump sum option, it would be rolled over as follows: contributions (about 10% of the amount) to a Roth, the rest to a traditional IRA. This would be an advantage to be able to separate this money and have the contr...
by midareff
Mon Sep 12, 2016 8:29 am
Forum: Personal Consumer Issues
Topic: Christmas gift expectations
Replies: 61
Views: 4164

Re: Christmas gift expectations

Just say you don't want to do secret santa. Problem solved. Or say it sounds fun and you'll do it if the price is $20-50. You have other gifts in mind already so don't want to just focus on the secret santa. Or if that is not true then simply say you are already spending a fortune to fly over and o...
by midareff
Mon Sep 12, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: retiring with a mortgage
Replies: 35
Views: 3084

Re: retiring with a mortgage

I don't necessarily see a problem with retiring with a mortgage if you have built in the mortgage payments to your retirement budget. I'm semi-retired, and will be fully retired within a year I'd guess, and we are planning on retiring with a mortgage.... Exactly what I did, and I'd do the same thin...
by midareff
Mon Sep 12, 2016 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout and LTC
Replies: 20
Views: 1343

Re: Pension Buyout and LTC

I would not take the buyout. I would take the pension with a 100% survivor option at 65. If the lump sum offer today can not provide you with an actuarially adjusted pension amount given your current age today using an SPIA, then I would pass. That said, a 100% funded plan today, does not mean it w...
by midareff
Sun Sep 11, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Gas station - good business?
Replies: 69
Views: 5377

Re: Gas station - good business?

Be super aware of tank construction and age. Tanks can leak as they get old and you could be on the hook for millions in hazardous material remediation and tank replacement.
by midareff
Sat Sep 10, 2016 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Employment
Replies: 15
Views: 2009

Re: Taking the promotion

I suspect if you turn it down you will be dead ending your career there. I'm not sure of the seeming conflict between "[*]My salary would increase about 15%, and it would go up in yearly step increments of about 5% for 3 years. Over the next decade the difference is about 1.5 times my annual sa...
by midareff
Sat Sep 10, 2016 9:09 am
Forum: Investing - Theory, News & General
Topic: Everything down today - except Junk!
Replies: 17
Views: 2280

Re: Everything down today - except Junk!

Sidney wrote:according to the VG site, VWEAX was down .34% today



+1 .. only thing up is my age, a day older.
by midareff
Sat Sep 10, 2016 9:04 am
Forum: Investing - Theory, News & General
Topic: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)
Replies: 25
Views: 4540

Re: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)

If I live to be 115 (....really? I suppose that could just as well be 125 or 135?) and I have managed to totally deplete my portfolio we (if she lives another 47 years (or 57 or 67) will have to live on my cola'd pension and SS, which is adequate to pay all our bills today. The portfolio pays for l...
by midareff
Fri Sep 09, 2016 8:03 am
Forum: Investing - Theory, News & General
Topic: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)
Replies: 25
Views: 4540

Re: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)

If I live to be 115 (....really? I suppose that could just as well be 125 or 135?) and I have managed to totally deplete my portfolio we (if she lives another 47 years (or 57 or 67) will have to live on my cola'd pension and SS, which is adequate to pay all our bills today. The portfolio pays for l...
by midareff
Thu Sep 08, 2016 10:05 am
Forum: Investing - Theory, News & General
Topic: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)
Replies: 25
Views: 4540

Re: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)

and if you have won the game why keep playing? Because you can't win the game until you die with enough money to have met your needs and the needs beyond your death. Those are both unknowns. The rules of the game change (volatility matters a lot more when your taking money out) and you need to adap...
by midareff
Wed Sep 07, 2016 8:00 am
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 164
Views: 10606

Re: How much is your cell phone bill?

Consumer Cellular 2 lines $36.
by midareff
Wed Sep 07, 2016 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Bonds vs CDs in current low interest environment (CAD)
Replies: 6
Views: 617

Re: Bonds vs CDs in current low interest environment (CAD)

A string of CDs or their Canadian insured equivalent is the way to go.
by midareff
Tue Sep 06, 2016 10:25 am
Forum: Investing - Theory, News & General
Topic: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)
Replies: 25
Views: 4540

Re: Why Your Portfolio Needs Plenty of Stocks, Whatever Your Age (NY Times)

and if you have won the game why keep playing? Because you can't win the game until you die with enough money to have met your needs and the needs beyond your death. Those are both unknowns. The rules of the game change (volatility matters a lot more when your taking money out) and you need to adap...
by midareff
Tue Sep 06, 2016 8:20 am
Forum: Personal Consumer Issues
Topic: Best way to sell a home in Florida
Replies: 27
Views: 2563

Re: Best way to sell a home in Florida

You can try the FSBO route. I've never done it, but I know people who have. It works best, to state the obvious, in a seller's market. As far as getting realtors to undercut their lock on the market, it has to be a slow market....but I bet you know all this already. Do you know the local market the...
by midareff
Tue Sep 06, 2016 8:17 am
Forum: Investing - Theory, News & General
Topic: Reflections on 25 years in a bond fund
Replies: 13
Views: 2295

Re: Reflections on 25 years in a bond fund

So if I'm reading this right you're essentially blaming Vanguard for the current low interest rates on muni bonds :oops: Focus on the return, largely tax free, that you've received on the investment. Blaming the manager for Mr. Market's results is kind of silly. That's not how I read it. I can't se...
by midareff
Wed Aug 31, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding my advisor's recommendations...
Replies: 32
Views: 1394

Re: Question regarding my advisor's recommendations...

I can't imagine a worse situation you could put yourself in. I checked one of the funds and it has a 1.74% expense ratio. This "advisor" is trying to bleed you dry. I would suggest starting a thread here using the standard format and ask where you should put your money. +1, 2, 3, and 4. I...
by midareff
Wed Aug 31, 2016 10:40 am
Forum: Investing - Theory, News & General
Topic: Do you follow a VWR formula?
Replies: 13
Views: 1250

Re: Do you follow a VWR formula?

I had the benefit of retiring in early 2012 and started with an initial WR of 3.5%. FWIW, we could live on my pension (3% annual COLA) and SS. The WR is for fun, toys, travel and the finer things. Had the market been stale or regressive I would not have increased the $ withdrawn since 2012. Fortunat...
by midareff
Tue Aug 30, 2016 5:48 pm
Forum: Personal Consumer Issues
Topic: EBay price - how is this possible?
Replies: 31
Views: 4057

Re: EBay price - how is this possible?

I have bought countless chargers,cables,,,etc on ebay from China. Somtimes I think it is shipped by "Sampan"but the price is right, I ordered a Wireless OEM charger for a Samsung S7 about 2 weeks ago, It arrived yesterday. Less than half price of what it cost anywhere else. :happy Like To...
by midareff
Mon Aug 29, 2016 1:02 pm
Forum: Personal Consumer Issues
Topic: Windows 10 Anniversary Update is an improvement for me
Replies: 34
Views: 2496

Re: Microsoft warns of computers freezing with the update.

Seems to be (mostly?) a problem with SSD drives. That's my setup and it went smoothly. From the article... "Interestingly a lot of users are disputing Microsoft’s claims that you need to have PC where Windows is installed on an SSD and apps and data on a separate drive to be affected. Many wit...
by midareff
Mon Aug 29, 2016 9:56 am
Forum: Personal Consumer Issues
Topic: Windows 10 Anniversary Update is an improvement for me
Replies: 34
Views: 2496

Re: Microsoft warns of computers freezing with the update.

http://www.forbes.com/sites/gordonkelly/2016/08/15/microsoft-warns-windows-10-anniversary-update-crashes-problems/#6026ca7e7745 Seems to be (mostly?) a problem with SSD drives. That's my setup and it went smoothly. I started the update and read the article. My computer is on a SSD and I use an exte...
by midareff
Mon Aug 29, 2016 9:16 am
Forum: Personal Consumer Issues
Topic: Windows 10 Anniversary Update is an improvement for me
Replies: 34
Views: 2496

Re: Microsoft warns of computers freezing with the update.

http://www.forbes.com/sites/gordonkelly/2016/08/15/microsoft-warns-windows-10-anniversary-update-crashes-problems/#6026ca7e7745 Seems to be (mostly?) a problem with SSD drives. That's my setup and it went smoothly. I started the update and read the article. My computer is on a SSD and I use an exte...
by midareff
Sun Aug 28, 2016 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Suncoast credit union
Replies: 5
Views: 398

Re: Suncoast credit union

I joined Suncoast a few months ago to get that 2.25% CD. I had sworn that I would not get an account at another institution just to chase yields, but this one was too good compared to the alternatives at the time. I did have to visit a branch to open it. As with all credit unions it seems, had to o...
by midareff
Sun Aug 28, 2016 10:04 am
Forum: Investing - Theory, News & General
Topic: Retirees Saying No To The Market
Replies: 57
Views: 7356

Re: Retirees Saying No To The Market

Many more who "wouldn't touch" the market again compared to those who have or ever had some money in the market. Lot's of them were burned in 2001 and/or 2008 and just refused to get back in. They invest in annuities, rental properties, CD's and may continue to own a portion of small busin...
by midareff
Sat Aug 27, 2016 11:39 am
Forum: Investing - Theory, News & General
Topic: Looking ahead to 2030.
Replies: 11
Views: 1583

Re: Looking ahead to 2030.

Don't be so fast there young fella....... 2030 is 14 years from now and I'll be 82. I'm not in a rush. Really don't care what the "market" does as I have 23 years of draw in bonds. .. before dividend reinvestment. AND, to take a few wise words froma fellow poster.. if the world collapses a...
by midareff
Fri Aug 26, 2016 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Bond Fund/CDs or Online Savings Bank for temp $?
Replies: 1
Views: 224

Re: Bond Fund/CDs or Online Savings Bank for temp $?

You can get 1.0% to 1.05% interest at several institutions. Ally Bank and Synchrony Bank to name two. Three year CD's at an insured institution would probably yield a higher return so that would seem like the way to go.
by midareff
Fri Aug 26, 2016 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Fear and Trembling (Aug. 31st is my last day at work)
Replies: 77
Views: 9306

Re: Fear and Trembling (Aug. 31st is my last day at work)

A hearty congratulations to you! I go to lunch once or twice a month with my former colleagues, but I do not miss work at all. I used to do the same... still stay in touch only not as much. Woke up around 7:30 AM today, had coffee and went out for an hour walk with wifey. Came back and did the shav...
by midareff
Sat Aug 20, 2016 9:59 am
Forum: Personal Consumer Issues
Topic: Favorite Restaurant Stop on Road Trips
Replies: 142
Views: 9566

Re: Favorite Restaurant Stop on Road Trips

Very restricted.. I can grab almost anything but wife doesn't eat meat or fowl anymore so it has to be a place with fish. Preferably fish and ice cream LOL. Most of our road trips we are on the way somewhere.. such as ATL to a Western NC lodge and a sit down and take my order place generally takes t...
by midareff
Sat Aug 20, 2016 9:54 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a deferred comp acct at retirement?
Replies: 6
Views: 530

Re: What to do with a deferred comp acct at retirement?

Deferred compensation is before tax money. You can roll it into an IRA (at Vanguard or Fidelity, etc.) without creating a taxable event. You would contact your plan administrator for their requirements and then the destination IRA folks would work with that to make it happen for you. At least that i...
by midareff
Sat Aug 20, 2016 7:33 am
Forum: Investing - Theory, News & General
Topic: High RMD’s, would you do anything different?
Replies: 54
Views: 5248

Re: High RMD’s, would you do anything different?

Before retirement I was contributing the max allowed to a deferred comp account (457b) to lower tax as much as possible. That included double up make up years and max for about 2 decades. As the career continued to flourish I has enough left over to both fund taxable and fund a Roth although I shoul...
by midareff
Thu Aug 18, 2016 7:26 am
Forum: Investing - Theory, News & General
Topic: Computer Security [Risk of using online financial services]
Replies: 31
Views: 2637

Re: Computer Security

- Don't give out your passwords. - Don't log-in on public computers or through wifi. - Keep your computer up to date with virus protection. Good start from Newb... add.. use very long strong passwords at all financial sites with upper and lower case + numeric and character if allowed. A system pass...

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