Search found 544 matches

by need403bhelp
Wed May 23, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 331

Re: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

Per account. See 12 CFR 204.2(d)(2) https://www.law.cornell.edu/cfr/text/12/204.2 (d) (1)Savings deposit means a deposit or account with respect to which the depositor is not required by the deposit contract but may at any time be required by the depository institution to give written notice of an ...
by need403bhelp
Wed May 23, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 331

Re: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

I imagine it is per account. I see. Those were my thoughts. However, my bank (Synchrony) doesn't seem to show my wife's transfers in my online portal and vice versa. Further, I have alerts turned on to notify me when I am reaching the limit (I should technically be at 6 now if it is per account), a...
by need403bhelp
Wed May 23, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 331

Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

I thought that Google would quickly give me an answer but I'm stumped. For a JOINT savings account, can EACH owner withdraw 6 times per month (i.e., 12 times per month per account) or can BOTH owners only withdraw 6 times per month total (i.e., 6 times per month per account)? Any references much app...
by need403bhelp
Thu May 17, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 566

Re: Titling of joint taxable account w/spouse in community property state?

One more thing to consider -- we were told that joint taxable accounts at Vanguard can't designate beneficiaries. Thanks! That is definitely good to know. It is good to know, but it is not a good restriction. Most other brokerages allow a CPWROS to name a TOD beneficiary who will inherit directly u...
by need403bhelp
Wed May 16, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 566

Re: Titling of joint taxable account w/spouse in community property state?

chestnut wrote:
Wed May 16, 2018 6:57 pm
One more thing to consider -- we were told that joint taxable accounts at Vanguard can't designate beneficiaries.
Thanks! That is definitely good to know.
by need403bhelp
Wed May 16, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 566

Re: Titling of joint taxable account w/spouse in community property state?

This breaks it down for you: https://info.legalzoom.com/difference-between-community-property-rights-survivorship-vs-joint-tenancy-21133.html Thank you for the helpful article. I am still somewhat confused after reading and re-reading it. For example, it states: When a married couple owns property ...
by need403bhelp
Wed May 16, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 566

Re: Titling of joint taxable account w/spouse in community property state?

I am no expert, but live in same state. I believe ours is option A. I went and looked at the account and both our names are listed and then JT Ten WROS. Assume Joint Tenants with right of survivorship. Maybe an attorney will come along and help us if that is the best option. :beer I see. Thanks so ...
by need403bhelp
Wed May 16, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 566

Titling of joint taxable account w/spouse in community property state?

Thank you all for your past help! I was opening a joint taxable account w/spouse at Vanguard and got stuck on the screen asking me to select: A. Joint tenants with right of survivorship B. Tenants in common C. Community property D. Community property with right of survivorship I live in a community ...
by need403bhelp
Mon May 14, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal beneficiaries for POD accounts to maximize FDIC at Ally.
Replies: 24
Views: 1188

Re: Unequal beneficiaries for POD accounts to maximize FDIC at Ally.

We’re saying the same thing. The beneficiaries must be designated in the account name as in a Totten Trust. My checking account is in my name alone but my wife is designated as a POD beneficiary. That account would only be insured for $250K. Gill Yes, because you only have one beneficiary, so no di...
by need403bhelp
Mon May 14, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 130
Views: 13020

Re: 2018 Forester vs CRV vs RAV4

One thing to keep in mind is don't be too hung up on MSRP. In my experience, Nissan dealers are going to a lot more dealing on a Rogue than Honda dealers will with the CRV. Just a wild guess but I bet you can get $4k off the price of a loaded Rogue. Not saying the Rogue is the one to buy. As much a...
by need403bhelp
Sun May 13, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 130
Views: 13020

Re: 2018 Forester vs CRV vs RAV4

We are still processing, but one idea is to wait until the 2019 Forester comes out, and then to simultaneously do the email dealership pricing/price negotiation for TWO vehicles: * 2018 Outback Limited with Eyesight (MSRP $35,695) * 2019 Outback Forester (MSRP ???) Interestingly the Outback on the ...
by need403bhelp
Wed May 09, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to unfreeze my credit before applying for a new card?
Replies: 50
Views: 3149

Re: Do I need to unfreeze my credit before applying for a new card?

Yes, of course. Don't take credit freezing lightly, as it's a pretty drastic step for identity theft prevention (IMO), and really it would have been best to realize the ramifications of having done so prior to freezing. I wouldn't call a 5 minute on-line action a "drastic step" - it can save you 1 ...
by need403bhelp
Sat May 05, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

I haven't read all the responses. You don't pay for the agent, so you are not gaining much by not using one. Yes, some people think they are going to get that money back off the sales price, but it generally doesn't work that way. The seller's agent will just make more money. I would use a rebate a...
by need403bhelp
Sat May 05, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

I haven't read all the responses. You don't pay for the agent, so you are not gaining much by not using one. Yes, some people think they are going to get that money back off the sales price, but it generally doesn't work that way. The seller's agent will just make more money. I would use a rebate a...
by need403bhelp
Fri May 04, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

Have you checked to see if this is legal in your state? It is not legal for an agent to rebate any of their commission in my state. The buyer's agent is already splitting their commission with their brokerage (commissions get split 4 ways), so if they split it with you they might be looking at a ve...
by need403bhelp
Thu May 03, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

Just wanted to update with two points: (i) Although most of the houses in our area still seem to sit on the market for a bit, it seems like it is picking up a little and likely this is more of the buying "season" that wintertime (despite the relatively mild winters we have here). We did, however, no...
by need403bhelp
Tue May 01, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: [Muni-bond Money Market Account for Mortgage Down Payment?]
Replies: 2
Views: 322

Re: [Muni-bond Money Market Account for Mortgage Down Payment?]

I can’t speak to seasoning, however, if I have a short time horizon, I’d go as risk-free as possible. Vanguard Federal Money Market should be ok. The municipal bond market was nearly hollowed out by tax reform legislation that would have kiboshed “private activity” municipal bonds. Said legislation...
by need403bhelp
Mon Apr 30, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: [Muni-bond Money Market Account for Mortgage Down Payment?]
Replies: 2
Views: 322

[Muni-bond Money Market Account for Mortgage Down Payment?]

[Split into a new thread from: Money Market Account or Online Savings for Emergency Fund --admin LadyGeek] If you already have a non-retirement brokerage account at Schwab, Vanguard, Fidelity etc. putting the funds in the Prime (or muni-bond) money market fund in that account may be advantageous fo...
by need403bhelp
Wed Apr 25, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

In light of our circumstances, do Bogleheads think that (i) a rebating agent is good as we are quite motivated and capable of finding houses ourselves and are already doing a lot of the "homework" for our future purchase, or (ii) a regular 3% commission buyer's agent is better as this is our first ...
by need403bhelp
Tue Apr 24, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 103
Views: 18723

Re: Ally Bank No penalty CD for parking cash, is there a catch?

And switching to Popular Direct would get you 2% APY. A few minutes of your time and it's done. True. That would earn me about $39 per year more on every $10K in the bank. Yesterday my sweetie and I spent exactly $39 on sandwiches and a couple of beers. SPGI has been near the top in interest rates ...
by need403bhelp
Tue Apr 24, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

Thank you so much for your helpful suggestion re when to use a 3% agent vs a rebating agent. Regarding "buying older house," of the open houses we have seen so far (17, we pick based on schools, beds/baths, etc.), the median year built is 1963 & mean is 1969. How old would you consider an "older ho...
by need403bhelp
Mon Apr 23, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

I think you have it right about the "use no agent" debate. If the sellers largely have already committed to an 6% commission, you might as well use an agent. The question is then: discount/rebate agent or "regular" agent. Lets assume that the regular is more knowledgeable (a leap of faith, but I th...
by need403bhelp
Mon Apr 23, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 43
Views: 4421

Re: Insight Card (APY 5%) full personal review

So I applied and received 4 insight cards total for two of us. However, I do not see any information about linking my regular account to insight card. Only way to deposit money is via direct deposit from employer. I am hesitant to activate the card until I am sure ach transfer is still possible. An...
by need403bhelp
Mon Apr 23, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

About 10 years ago we found a house we liked but at that moment did not have a buyer's agent. A colleague suggested an agent that he had used. We called her and she was happy to negotiate a rebate since we had already found a house. She was incredibly helpful in negotiating and closing the deal (it...
by need403bhelp
Mon Apr 23, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

I guess I am also worried that the house we pick has some "fatal flaw" that we don't recognize simply because we are not experience single family home shoppers (or, at least, we haven't learned from owning past single family homes). A house having a "fatal flaw" would be really rare and even if it ...
by need403bhelp
Mon Apr 23, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

I did my first home purchase almost 10 years ago with Redfin, probably the best known of the "rebating" agents. I've since sold the same home, also with Redfin. My experiences were good, and generally so were those of family and friends who've used them. These days you should do most of the researc...
by need403bhelp
Mon Apr 23, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

It sounds like your willing to do a lot of the work yourself so why not? Most of the Buying agent value comes in helping you find the house. The paperwork is the easy part. Thanks for your suggestion and support. I guess I am also worried that the house we pick has some "fatal flaw" that we don't r...
by need403bhelp
Mon Apr 23, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Re: Rebating buyer's agent for 1st time single-family home purchase

Do you need a real estate agent at all? How are closings usually handled in your state? Where I live, lawyers are required for closing but no real estate agents at all were involved at any point when I bought my apartment. (It was a FSBO listing.) In other states, the title company might be heavily...
by need403bhelp
Mon Apr 23, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 2800

Rebating buyer's agent for 1st time single-family home purchase

We are interested in purchasing our 1st single family home (currently own condo) within the next year or so. I've read the "Home Buying Kit for Dummies" book from cover to cover and we are trying to "learn the market" by visiting open houses every weekend in our target area of interest, taking copio...
by need403bhelp
Wed Apr 18, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 10132

Re: Got hit with a $2800 Medical bill. Can I negotiate?

While the various types/models of HMOs differ, such HMOs (in my experience) do much better at telling you what something will cost. In my current plan (Kaiser) a great many types of surgery are done outpatient or only an overnight stay - at their facility. No matter what the type done at their faci...
by need403bhelp
Wed Apr 18, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Parents' joint EF - PurePoint Financial vs Synchrony vs other
Replies: 0
Views: 353

Parents' joint EF - PurePoint Financial vs Synchrony vs other

Thank you all for your past help! My parents' asked me to help them move their EF/investigate options as they are earning ~0.15% APY at their credit union. My current plan is an FDIC insured high-yield savings (HYS) account for now, with $25k/year going to I-bonds at Treasury Direct until HYS is dep...
by need403bhelp
Mon Apr 16, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA as emergency fund [unique situation, for parents]
Replies: 8
Views: 634

Re: Backdoor Roth IRA as emergency fund [unique situation, for parents]

The Kitces article will give you all the information you need. However, it makes it easier if you get the terminology straightened out. Your parents are over 59-1/2 so the terminology is relatively moot; but for you, use the term "backdoor Roth conversion" and not "backdoor Roth contribution." In r...
by need403bhelp
Mon Apr 16, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA as emergency fund [unique situation, for parents]
Replies: 8
Views: 634

Re: Backdoor Roth IRA as emergency fund [unique situation, for parents]

...there would be NEITHER tax NOR penalty for converted pre-tax assets that are withdrawn prior to 5 years for my mother who is >59.5 years old. Is the fairmark interpretation the correct one? Yes. See also Two 5-Year Rules For Roth IRA Contributions & Conversions : Thus, for those who are already ...
by need403bhelp
Sun Apr 15, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA as emergency fund [unique situation, for parents]
Replies: 8
Views: 634

Re: Backdoor Roth IRA as emergency fund [unique situation, for parents]

Re 2Bi), I had another question. With my own backdoor Roths via Vanguard, there is usually a few cent balance that accrues in my traditional IRA before Vanguard allows me to convert it to Roth. It seems that this would go under the "Taxable Conversion Dollars" category in the chart above, and would...
by need403bhelp
Sat Apr 14, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 43
Views: 4421

Re: Insight Card (APY 5%) full personal review

In case it is helpful to anyone, I've had an Insight card or more for more than a year now. I think the issue with mailing the cards is that the apartment number somehow gets dropped off the address by the system automatically (it may actually be the entire 2nd address line). This happened on my las...
by need403bhelp
Sat Apr 14, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA as emergency fund [unique situation, for parents]
Replies: 8
Views: 634

Re: Backdoor Roth IRA as emergency fund [unique situation, for parents]

See Roth IRA as an emergency fund for general comments. For specific questions: 2A) You understand correctly. 2Bi) Yes, the non-deductible tIRA contribution amount converted to a Roth (aka the basis) is neither taxed nor penalized if one gets to that point in the distribution ordering. 2Bii) Earnin...
by need403bhelp
Sat Apr 14, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA as emergency fund [unique situation, for parents]
Replies: 8
Views: 634

Backdoor Roth IRA as emergency fund [unique situation, for parents]

Thank you all so much for your prior help! I have previously helped my parents transfer their retirement investments from Voya to Fidelity. Now, my parents asked me to help them find a good alternative for their ~$100,000 emergency fund earning 0.15% in their credit union savings account. The credit...
by need403bhelp
Thu Apr 12, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: I-Bonds/Treasury Direct Contingent Beneficiary
Replies: 4
Views: 332

Re: I-Bonds/Treasury Direct Contingent Beneficiary

Yes, the bonds become part of the probate estate of the survivor and subject to that person's will. Gill I see. Thank you so much for the clarification. As my parents' will was drafted before they started buying I bonds, do they need to change the will to specifically mention I bonds? Or is this so...
by need403bhelp
Thu Apr 12, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: I-Bonds/Treasury Direct Contingent Beneficiary
Replies: 4
Views: 332

Re: I-Bonds/Treasury Direct Contingent Beneficiary

Yes, the bonds become part of the probate estate of the survivor and subject to that person's will. Gill I see. Thank you so much for the clarification. As my parents' will was drafted before they started buying I bonds, do they need to change the will to specifically mention I bonds? Or is this so...
by need403bhelp
Thu Apr 12, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: High-yield Savings
Replies: 31
Views: 3971

Re: High-yield Savings

2 things you can't do with online only banks: 1- Notary public if needed 2- Depositing cash (I think Capital 360 is now offering this, not sure) Other than this, you can't go wrong. I keep a small direct deposit to BoA to keep it open and fee free just in case. My main checking account is Charles, ...
by need403bhelp
Thu Apr 12, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: I-Bonds/Treasury Direct Contingent Beneficiary
Replies: 4
Views: 332

I-Bonds/Treasury Direct Contingent Beneficiary

Dear All: My wife and I purchase I bonds as part of our emergency fund and my parents (I am an only child) also now asked me to help them purchase I bonds. Currently, my I bonds are registered me WITH DW and hers are registered DW WITH me. We also give each other transact rights for these bonds. I a...
by need403bhelp
Wed Apr 11, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting Against Disability with SAHM?
Replies: 19
Views: 997

Re: Protecting Against Disability with SAHM?

Out of curiosity, if you get a standard own-occupation disability policy from one of the major disability insurers while working and then become a stay-at-home parent, can you usually keep the policy? If so, will it pay out if you become disabled while you are not working?
by need403bhelp
Wed Apr 11, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Redesigned 2019 Forester - details now available
Replies: 21
Views: 3906

Re: Redesigned 2019 Forester - details now available

Need403bhelp, it’s a “new version” of a very tried and true engine, the 2.5L boxer that’s on almost every Subaru. They added direct injection to get more performance. But it’s the same basic engine design, and direct injection is hardly new technology. I wouldn’t let this keep me from buying the ne...
by need403bhelp
Wed Apr 11, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: High-yield Savings
Replies: 31
Views: 3971

Re: High-yield Savings

2 things you can't do with online only banks: 1- Notary public if needed 2- Depositing cash (I think Capital 360 is now offering this, not sure) Other than this, you can't go wrong. I keep a small direct deposit to BoA to keep it open and fee free just in case. My main checking account is Charles, ...
by need403bhelp
Tue Apr 10, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: High-yield Savings
Replies: 31
Views: 3971

Re: High-yield Savings

2 things you can't do with online only banks: 1- Notary public if needed 2- Depositing cash (I think Capital 360 is now offering this, not sure) Other than this, you can't go wrong. I keep a small direct deposit to BoA to keep it open and fee free just in case. My main checking account is Charles, ...
by need403bhelp
Tue Apr 10, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 130
Views: 13020

Re: 2018 Forester vs CRV vs RAV4

Just wanted to update this thread. We did some more test driving. Below are our thoughts on the new contenders: 2018 Outback - we liked the ride comfort (less bumpy than Forester) and quietness of the cabin as compared to 2018 Forester. My wife still has concerns about the length of the car vs the F...
by need403bhelp
Tue Apr 10, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Redesigned 2019 Forester - details now available
Replies: 21
Views: 3906

Re: Redesigned 2019 Forester - details now available

Any reasons why the 2019 Forester may be more or less risky to buy than a usual first year of a new generation? I know that it is built on the Subaru Global Platform, which is currently used for the ?2018 Impreza. However, some features seem to be new, for example, the engine: https://www.subaru.com...
by need403bhelp
Thu Apr 05, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Replacement for Google Finance price quote function
Replies: 77
Views: 9621

Re: Replacement for Google Finance price quote function

Lately, I've become increasingly disappointed with Google Finance's slow updates for daily mutual fund NAV quotes in my Google Docs portfolio tracker. Rather than do workarounds with ETF quotes, which are actually up-to-date, I've replaced my Google Finance functions and now pull all fund quotes fr...
by need403bhelp
Thu Apr 05, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 130
Views: 13020

Re: 2018 Forester vs CRV vs RAV4

After just a few years with children it is really hard to beat a minivan - in our experience either an Odyssey or Sienna. Just send some time observing the pick-up lines at your local elementary, middle and high school and it will all become clear. I see. What do you think are the advantages of a m...