Search found 84 matches

by rralex1
Sat Mar 25, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 92
Views: 8251

Re: So someone drained $13k from my checking account...

It was suggested that the solution to the problem of the cyber crime perpetrated on the OP was as simple as to "never use a debit card - Period." This is not correct. My suggestion to not use a debit card was in response to a post by Miakis, not the OP, in which Miakis wrote the following...
by rralex1
Sat Mar 25, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 92
Views: 8251

Re: So someone drained $13k from my checking account...

To suggest that never using debit cards as a solution however, is absolutely ludicrous. What is ludicrous about not using debit cards? I've never used one in my life. My credit cards give me rebates. Why would I want to use a debit card that pays no rebates, has lesser consumer protection, and puts...
by rralex1
Fri Mar 24, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 92
Views: 8251

Re: So someone drained $13k from my checking account...

The great thing about social media is that everyone has a voice.. As someone who has been in the physical and cyber security space for 25 years there is no free lunch nor impenetrable target. I appreciate the balanced emotionally intelligent suggestions that have been provided. To suggest that never...
by rralex1
Fri Mar 24, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy (updated)
Replies: 27
Views: 1340

Re: Need help picking term life policy (updated)

OP, congratulations for thinking long term as well as your current financial position. Term life insurance is an increasingly commoditized product. I would encourage you to compare offerings in terms of cost, and particulary include Zander insurance. Term insurance is not, nor should it be a highly ...
by rralex1
Thu Mar 23, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus
Replies: 50
Views: 4155

Re: Capital One 360 $200 bonus

I have decided that managing short term gains doesn't work for me. It may be because as I focus on a 20 to 30 year strategy I do not have or choose not to have enough time to keep all the balls in the air. I appreciate those who win with this strategy, and I know that I am in the minority on this th...
by rralex1
Thu Mar 23, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4079

Re: Divesting to heirs. When and how quickly.

When a trust or a will is involved with heirs listed, my recommendation is to make sure that the early gifts/distributions are either in line with the % distributions, or make sure that changes or addenda are added to explain the changes. I have considerable experience where early gifts were made th...
by rralex1
Thu Mar 23, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 4455

Re: Vehicles as a percentage of net worth

I go one step farther in analyzing the cost with a spreadsheet to calculate the cost/mile. When we have a trip we will drive a lot of miles on I can occasionally get a great deal on a rental and the cost/mile to rent is less than driving my own car. I have done the same on long distance vacations/t...
by rralex1
Thu Mar 23, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 4455

Re: Vehicles as a percentage of net worth

We have three vehicles. Their total is 2.3% of our net worth. We bought them with cash and include them in net worth, because they are a part of that, but fully realize they are depreciating assets. I just want them to last a long time.
by rralex1
Mon Mar 20, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4079

Re: Divesting to heirs. When and how quickly.

Pretzel lover wrote:Taylor: thank you for sharing your letter. It was very uplifting.


+1 Legacies are left in many ways.
by rralex1
Mon Mar 20, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 4467

Re: My son wants to move to Hong Kong

So, I need some legal advice Will they need to get married before he leaves for Hong Kong? Based on your comments they are not married, so depending on what he declares as a purpose for the trip, no. Will he need a visa? If so, what type? Same answer as above. Does he need any additional sponsorshi...
by rralex1
Mon Mar 20, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6369

Re: Recommended emergency fund for middle class households: $13,800

Cash is 18 months of current expenses. It is a buffer that includes our EF of 6 months and an amount that rounds out our asset allocation strategy.
by rralex1
Mon Mar 20, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 4505

Re: Any downside in buying a brand new house ?

I have bought several new homes over the years and have had good luck. The surprises: window coverings, landscaping and other such items add up! Especially landscaping. The upgrades cost a ton if you let them. It seems so easy to spend another $1,500, then another $1,200, etc.... It adds UP. It's e...
by rralex1
Sun Mar 19, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Career Dilemma - Seeking Input
Replies: 7
Views: 960

Re: Career Dilemma - Seeking Input

Based on what you've written a congrats is in order first. Your financial house, based on the ages of you and your DW appears to be very much in order. With that said, it might be beneficial to understand what you do for a living, and to what degree your DW is vested in change. Based on experience I...
by rralex1
Sat Mar 18, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Just laid off - what to do
Replies: 71
Views: 9010

Re: Just laid off - what to do

I personally would take up the offer in the other department - you never know, in 6 months - conditions could improve and/or they like your performance that they may not lay you off. But, during the next months, I would also be seriously looking for employment elsewhere. Agreed. Also, it's much eas...
by rralex1
Sat Mar 18, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase and Sale of home: pearls of advice
Replies: 29
Views: 2311

Re: Purchase and Sale of home: pearls of advice

I am not a realtor but have purchased several homes in several states. 1. You make money when you buy a house, not when you sell it. 2. If you rely on an open house to sell your home, the ship has sailed. 3. Commission rates are negotiable, within reason, regardless of what you hear. 4. That saying,...
by rralex1
Sat Mar 18, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 58
Views: 5500

Re: Endless Job Interviews (with same company)

I have been through 4 rounds of interviews with the same potential employer and now they want to set up another interview ( with the same people ). This tells me that either: a) they are indecisive, b) they have concerns about my qualifications, c) they are stringing me along as a backup until they...
by rralex1
Wed Mar 15, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to Milwaukee
Replies: 38
Views: 2664

Re: Relocation to Milwaukee

I can expect a 10% raise in base pay. Long term opportunities seem better at the new company and Milwaukee area (tech industry). Looking for some words of wisdom from Bogleheads to help make a decision. A relocation is a very big deal. There are so many factors to take into consideration that a 10%...
by rralex1
Mon Mar 13, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: Advice on relocation or staying put
Replies: 81
Views: 4531

Re: Advice on relocation or staying put

quantAndHold wrote:But if I were doing the same thing and had the same criteria, I would let the wife do a nationwide search, and take the best job that's offered in a pleasant place to live.


:sharebeer
by rralex1
Mon Mar 13, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 53
Views: 4701

Re: Issue With Contractor. What to do?

All seemed great, but work began on the $1,700 project without a contract since I was squeezed in. He said it was a simple job that would take 6-8 hours. A contract is important for the contractor and the buyer. The buyer is the one typically most at risk however, without one. The contract although...
by rralex1
Mon Mar 13, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Advice on relocation or staying put
Replies: 81
Views: 4531

Re: Advice on relocation or staying put

It is easy to find places that aren't as hot temp wise than Austin. It isn't as easy to find places as hot in terms of tech and IT opportunities (understatement). People from around the world are vying to get to Austin as the IT sector continues to grow. There are many, many reasons for that. None o...
by rralex1
Mon Mar 13, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 4710

Re: Ally Bank Replacement

rralex1 wrote:
rralex1 wrote:
pennstater2005 wrote:
Chip wrote:
Choy wrote:If I were you, I'd go with Fidelity. You already have several accounts there and Fidelity billpay/cash management is the best I've ever used:


What rate of interest is Fidelity paying you on your cash deposits?


Last I checked it was .07%


^ .07%...
by rralex1
Mon Mar 13, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 4710

Re: Ally Bank Replacement

rralex1 wrote:
pennstater2005 wrote:
Chip wrote:
Choy wrote:If I were you, I'd go with Fidelity. You already have several accounts there and Fidelity billpay/cash management is the best I've ever used:


What rate of interest is Fidelity paying you on your cash deposits?


Last I checked it was .07%


Edit: Deleted
by rralex1
Mon Mar 13, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Replacement
Replies: 65
Views: 4710

Re: Ally Bank Replacement

pennstater2005 wrote:
Chip wrote:
Choy wrote:If I were you, I'd go with Fidelity. You already have several accounts there and Fidelity billpay/cash management is the best I've ever used:


What rate of interest is Fidelity paying you on your cash deposits?


Last I checked it was .07%


Edit: Deleted
by rralex1
Sun Mar 12, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Loan Off Advice
Replies: 4
Views: 600

Re: Pay Loan Off Advice

Welcome.

You are obviously focused on a future and driving towards it. Well done. My recommendation would be to pay it off. Few have that ability or choice. Then celebrate, and maintain a clear focus forward.
by rralex1
Sun Mar 12, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2561

Re: Forced role change, what would you do?

I am close to, if not the highest paid engineer in the facility as I have been repeatedly told that I am bumping up against the compensation ceiling of my current role. Could this be a method of constructive dismissal so they could use my salary to hire two engineers straight out of college? Yes, i...
by rralex1
Fri Mar 10, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: Dispute with neighborhood association
Replies: 37
Views: 4033

Re: Dispute with neighborhood association

Our neighborhood association (actually they just maintain the roads, but I'll refer to them as a association) sent us a late payment notice a few weeks ago. They stated we didn't pay our annual bill and charged us the original amount + a 25% "late fee". While I don't dispute the original ...
by rralex1
Thu Mar 09, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6903

Re: How much do you spend on food in a year?

I was initially amazed at the incredible differences in responses to the original post. I should not have been amazed. There are so many variables affecting the answer that unless the question is broken down more specifically, comparisons are interesting but largely irrelevant, but really, really, i...
by rralex1
Thu Mar 09, 2017 5:40 pm
Forum: Personal Consumer Issues
Topic: How to Die
Replies: 167
Views: 22558

Re: How to Die

My opinion is that the usefulness of a healthcare power of attorney, living will, advanced directive etc is dramatically overblown in society and particularly by the legal profession. From a physician and hospital point of view, I understand and value feedback from White Coat and other professional...
by rralex1
Wed Mar 08, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Steps to take now before family member's imminent death
Replies: 24
Views: 3053

Re: Steps to take now before family member's imminent death

My experience of death certificates is quite unlike rrarlex1's. It took me months to get death certificates. That's not an aberration. The funeral director and the registrars web site warned me of this and they were quite accurate. It's going to vary by location. Ask funeral director or similar who...
by rralex1
Wed Mar 08, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Options
Replies: 41
Views: 1922

Re: Pension Options

A lump sum payment will likely be taxed as ordinary income unless something is shared to the contrary. If so the OP will not receive $15,000. Either way, it seems to be a choice of door number one - understand what the net proceeds would be today and invest now and do not touch it for 39 years... b...
by rralex1
Tue Mar 07, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Options
Replies: 41
Views: 1922

Re: Pension Options

A lump sum payment will likely be taxed as ordinary income unless something is shared to the contrary. If so the OP will not receive $15,000. Either way, it seems to be a choice of door number one - understand what the net proceeds would be today and invest now and do not touch it for 39 years... bu...
by rralex1
Tue Mar 07, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Steps to take now before family member's imminent death
Replies: 24
Views: 3053

Re: Steps to take now before family member's imminent death

I am sorry to hear about the condition of the husband. Having been through this with both parents, regardless of how prepared things are, the process will be more complex that you may imagine. It appears from what you have written that the estate is well prepared. You and the family should be commen...
by rralex1
Tue Mar 07, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: Diamond earrings
Replies: 19
Views: 1972

Re: Diamond earrings

I would recommend the pawn shop. Ours has a huge selection of nice jewelry priced much less than retail. Yes, yes they all do.. Particularly as it pertains to diamonds however, it is the "retail" price that varies greatly. Diamonds are produced in a somewhat very, price stable industry, a...
by rralex1
Sun Mar 05, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: Older car getting dents and dings :(
Replies: 26
Views: 2130

Re: Older car getting dents and dings :(

http://www.autogeek.net

This site focuses on auto upkeep and detailing as well as common sense upkeep etc. My wife's car is new. Mine is a 2002..and I like it. Much to learn if one chooses. Elbow grease expected.
by rralex1
Sun Mar 05, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for Parents' Executor to Ask Beforehand?
Replies: 8
Views: 723

Re: Questions for Parents' Executor to Ask Beforehand?

I was also the executor for my parents estate. One thing you may want to consider would be to discuss the benefits of a revocable trust for your parents vs a will, with you listed to be given General POA , Medical POA, and Executorship. They may want the other spouse to fulfill these roles sequentia...
by rralex1
Sat Mar 04, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Just laid off - what to do
Replies: 71
Views: 9010

Re: Just laid off - what to do

Sorry for the news. Now it's time to look forward as you're doing. From what you've written here are some thoughts. 1. Realize that you are by no means alone. Layoffs are way too commonplace and in the last two months my employer has laid off more than 200 people. You have 30 days before the day. Ma...
by rralex1
Sat Mar 04, 2017 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Seems Dave Ramsey is right about debt
Replies: 55
Views: 10203

Re: Seems Dave Ramsey is right about debt

so Rob Berger (doughroller.net) shows you can use the tool at http://www.unbury.me to determine which is better in your particular situation (the snowball or avalanche). For those that are interested in running numbers to find out which is better given your particular situation. http://www.unbury.m...
by rralex1
Fri Mar 03, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance without PMI?
Replies: 27
Views: 1641

Re: Refinance without PMI?

OP - Having done this, my real life experience is as follows. Lenders have -0- interest in easily acquiescing to the removal of PMI. It is a safety net or them +. My experience - (have owned 8 homes) was to push to have it removed in one home where I had it. At the same time I did the math. I unders...
by rralex1
Fri Mar 03, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for advice with severance pkg - little overwhelmed
Replies: 46
Views: 3365

Re: Looking for advice with severance pkg - little overwhelmed

It is not often that the tea leaves can be read this perfectly months before such a significant change takes place. My feedback would be to consider this a blessing and an opportunity that gives you considerable time to chart your next steps before the rug is pulled from beneath you. I am facing a r...
by rralex1
Fri Mar 03, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Diamond earrings
Replies: 19
Views: 1972

Re: Diamond earrings

Visit pricescope.com if interested in learning more about diamonds, the four C's and what to look out for. The Op's question is very open ended.. Another vote for spending time on pricescope.com. There are many places to buy diamond earrings.. Being able to understand and differentiate can bring re...
by rralex1
Fri Mar 03, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 10964

Re: Why can't I save enough to have decent vacation or restaurant meal

I am 70 years old, and I am sure glad that when I was 40 we went camping for vacation, and the restaurant meals fell into the category of almost never. In fact, since both my wife and I cook, restaurants are one perpetual disappointment. Looked at from a financial perspective, life is one big trade...
by rralex1
Fri Mar 03, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Would you buy a car that way?
Replies: 31
Views: 2095

Re: Would you buy a car that way?

No. Ask yourself "How does he make money?" His margin and profit are payed by the buyer. That is you. Seriously, he offers an extended warranty...are you kidding..Really? Some thoughts to consider would be the following, and I am sure you will get lots of responses.. Above all, remember y...
by rralex1
Thu Mar 02, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 90
Views: 11047

Re: What are the big things to get right?

mindboggling wrote:Your personal savings rate is more important than the rate of return on your investments.
Live below your means...always!

steve


Yes. Keep it simple. Powerful but simple.
by rralex1
Thu Mar 02, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: Would you buy a car that way?
Replies: 31
Views: 2095

Re: Would you buy a car that way?

No. Ask yourself "How does he make money?" His margin and profit are payed by the buyer. That is you. Seriously, he offers an extended warranty...are you kidding..Really? Some thoughts to consider would be the following, and I am sure you will get lots of responses.. Above all, remember yo...
by rralex1
Wed Mar 01, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance on a diamond engagement ring
Replies: 27
Views: 2019

Re: Insurance on a diamond engagement ring

When I compared insurance for my wife's jewelry including her engagement ring, I found two things that I expected to find. The insurance company that I use for all of my other insurance wasn't a specialist and gave fairly generalized replacement responses as indicated in other comments. Great people...
by rralex1
Mon Feb 27, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Seems Dave Ramsey is right about debt
Replies: 55
Views: 10203

Re: Seems Dave Ramsey is right about debt

Interesting and not surprising article about debt. Getting out of debt requires sacrifice and delayed gratification over an extended period of time.. And those things are so uncool in today's world..

Debt is what is financially crippling more than one generation today.. Good solid advice.
by rralex1
Mon Feb 27, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: 10 yr. term life policy for soon to be 57 yr old.
Replies: 8
Views: 1094

Re: 10 yr. term life policy for soon to be 57 yr old.

My 20 yr. 750k term life policy is about to terminate at the end of 2017. Unfortunately, I'm considerable underfunded in my retirement funds and will need to take out a 10 yr policy for anywhere from 400-500k. I plan to retire in a little over 10 yrs. when I turn 67. Would it be easier/cheaper to g...
by rralex1
Mon Feb 27, 2017 6:25 pm
Forum: Personal Consumer Issues
Topic: Used German Luxury vs New Japanese
Replies: 89
Views: 7121

Re: Used German Luxury vs New Japanese

I have bought 2 used BMWs and I can't imagine doing anything different. You will love the bummer. I read this twice carefully, and had to laugh. We have one of each actually. Mine is the older Avalon.. The wife has the other. Both are great cars. For a driving experience and an answer to "Have...
by rralex1
Mon Feb 27, 2017 6:19 pm
Forum: Personal Consumer Issues
Topic: Going to Tahiti and we're budget travelers
Replies: 41
Views: 3416

Re: Going to Tahiti and we're budget travelers

Love the subject line. "Going to Tahiti and we're budget travelers". :sharebeer

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