Search found 5706 matches

by sport
Tue Jul 25, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson just got married. Wants to add wife's name to accts
Replies: 24
Views: 1782

Re: Grandson just got married. Wants to add wife's name to accts

To resolve a "trust" issue, they can give each other authorized access to their accounts. When I got married, an attorney friend advised that we keep all investments separate, except for the joint checking account. This was for liability protection in case one of us was sued. It also would...
by sport
Tue Jul 25, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Why does State Farm have poor reviews?
Replies: 52
Views: 4493

Re: Why does State Farm have poor reviews?

These price increases seem to be inconsistent. My State Farm HO rate decreased 15% this year.
by sport
Mon Jul 24, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 2660

Re: What's you safety deposit box fee?

Is there a way to get a safety deposit box with an option to have the bank mail me the contents to another country? For example, if I start traveling long term but want to keep some of my documents safe. No gold or cash or anything like that, just documents. I thought they needed your key to open i...
by sport
Sun Jul 23, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: 4-6% a year
Replies: 26
Views: 4646

Re: 4-6% a year

Are they experienced landlords? Do they know the costs and risks of owning rental property. Here is a list of some of them: 1. Taxes 2. Insurance 3. Legal fees 4. Accounting fees 5. Maintenance and repairs 6. Loss of income due to vacancy periods 7. Tenants who damage the property 8. Tenants who do ...
by sport
Sun Jul 23, 2017 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 6332

Re: 4% mortgage rate vs 2.5% BND yield

I also would like to add that I hope when everyone figures out what their tax savings are from carrying a mortgage they are subtracting out the loss of standard deduction. For example, if you are a married couple in the 25% tax bracket and have $10,000 in mortgage interest, $5000 in property taxes,...
by sport
Sun Jul 23, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Master bathroom remodel- what to spend?
Replies: 15
Views: 1493

Re: Master bathroom remodel- what to spend?

It is difficult to recoup remodeling costs when you sell. I would try to spend the minimum possible to make it look presentable.
by sport
Sun Jul 23, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 2660

Re: What's you safety deposit box fee?

My bank charges $45 for a small box. By having sufficient deposits, I pay nothing for the box. You do realize you are paying for it as am I, the balances are being invested by the bank, the interest earned on it is paying for the box and then some. Of course. I also get no-fee checking and no-charg...
by sport
Sun Jul 23, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 2660

Re: What's you safety deposit box fee?

My bank charges $45 for a small box. By having sufficient deposits, I pay nothing for the box.
by sport
Sun Jul 23, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Low cost Roth IRA contribution
Replies: 13
Views: 686

Re: Low cost Roth IRA contribution

I think you mean low minimum purchase amount. Costs should/should be zero. Most Vanguard funds have zero costs. Some can be bought for $1000.
by sport
Sun Jul 23, 2017 1:17 pm
Forum: Personal Consumer Issues
Topic: Why does State Farm have poor reviews?
Replies: 52
Views: 4493

Re: Why does State Farm have poor reviews?

We have had SF for decades. Our old agent was terrific and prices were great. We moved to a different state. New agent is lousy, but the prices are still great. We shop our coverage every few years and no other company, captive or found through independent agents, has come anywhere to close to meet...
by sport
Sat Jul 22, 2017 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 5 Year Rule
Replies: 3
Views: 505

Re: Roth 5 Year Rule

I believe it is when you opened the account. No one looks at what you do within an IRA.
by sport
Fri Jul 21, 2017 3:59 pm
Forum: Personal Consumer Issues
Topic: Why does State Farm have poor reviews?
Replies: 52
Views: 4493

Re: Why does State Farm have poor reviews?

I've also had Chubb and Progressive over the years. Neither was better than SF. Progressive did me wrong. I got rear-ended by someone with Progressive insurance. This was the third time in about a year! The first two times the other guy's insurance covered just fine. Progressive would only pay for ...
by sport
Fri Jul 21, 2017 10:16 am
Forum: Personal Consumer Issues
Topic: Why does State Farm have poor reviews?
Replies: 52
Views: 4493

Re: Why does State Farm have poor reviews?

I had hail damage to my car. It was barely noticeable. I took the car to the SF claim center. They cut me a check for about $2000. This was about 20 years ago, so it was a nice payment. I never had the damage repaired, and when I traded in the car, no one noticed it. Another time, I had a minor acci...
by sport
Thu Jul 20, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Eliminate 0% CC balance?
Replies: 30
Views: 2154

Re: Eliminate 0% CC balance?

For all of these 0% loans, be very sure to pay them off on time and before the final due date. Some of them have a clause if any payment is missed or late, the full amount of interest will be added to the balance. This could even include interest on the money already paid back.
by sport
Thu Jul 20, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should you tell your employers your age if you look too young?
Replies: 14
Views: 1187

Re: Should you tell your employers your age if you look too young?

I don't know your gender. However, some men that look too young for their profession sometimes grow a beard. That can make a man look a little older.
by sport
Thu Jul 20, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: 6K credit line too low.
Replies: 18
Views: 1528

Re: 6K credit line too low.

IMO, it is not a good idea to use a credit card issued by the bank where you have your checking/saving accounts. The reason is this: Credit card terms and conditions generally include a provision that in the event of a dispute or non-payment, the bank has the right to raid your other accounts to mak...
by sport
Thu Jul 20, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: Replacing Carpet in Gameroom and Bedrooms
Replies: 11
Views: 671

Re: Replacing Carpet in Gameroom and Bedrooms

In the gameroom, I would change from carpet. In the bedrooms, I would keep carpet if you live where winters are cold. I prefer nice warm carpet to walking barefoot on a cold floor.
by sport
Thu Jul 20, 2017 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Son's trust fund for education
Replies: 13
Views: 1153

Re: Son's trust fund for education

Since it will all be needed for spending within 2 or 3 years, I would put the money into CDs. Since your son is still in school, presumably he is in low tax bracket. If so, most or all of the gains would not be taxed. Since the market has done well in recent years, I would sell the funds sooner rat...
by sport
Wed Jul 19, 2017 10:32 pm
Forum: Investing - Theory, News & General
Topic: Bid-ask spread on brokered CDs?
Replies: 3
Views: 481

Re: Bid-ask spread on brokered CDs?

I would only buy brokered CDs if I planned to hold to maturity. If I thought I might need the money earlier, I would use direct CDs and pay the EWP, or use shorter maturities.
by sport
Wed Jul 19, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Son's trust fund for education
Replies: 13
Views: 1153

Re: Son's trust fund for education

Since it will all be needed for spending within 2 or 3 years, I would put the money into CDs. Since your son is still in school, presumably he is in low tax bracket. If so, most or all of the gains would not be taxed. Since the market has done well in recent years, I would sell the funds sooner rath...
by sport
Wed Jul 19, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: How do I contribute to a traditional IRA, literally?
Replies: 15
Views: 953

Re: How do I contribute to a traditional IRA, literally?

I guess I am old school because I send checks to Vanguard to do my additions. There are no bank account links to my IRAs. That's probably why I can't withdraw money easily either. A serious question related to the OP post though - if the source bank account is titled in a trust, or has multiple own...
by sport
Wed Jul 19, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Bank accounts in another state
Replies: 6
Views: 593

Re: Bank accounts in another state

You may incur income taxes in the second state if you use an in-state address. If you use your real address, there would be no income taxes in that second state.
by sport
Tue Jul 18, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: My Costco/TrueCar auto shopping experience
Replies: 34
Views: 4809

Re: My Costco/TrueCar auto shopping experience

I expect that the Costco discount will vary over time. It will also be different for different brands and even different models of a given brand. So, what you discovered was true for your specific circumstances. That does not mean it will be generally true.
by sport
Tue Jul 18, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Questions before I buy
Replies: 8
Views: 575

Re: Term Life Insurance Questions before I buy

I would not rely on employer life insurance. As you say, if you leave the company, you lose the insurance. They may let you convert to an expensive whole life policy, but that is not a good plan either. If you did lose that insurance, it might cost a lot more to replace it, or you might not be able ...
by sport
Tue Jul 18, 2017 1:02 am
Forum: Personal Consumer Issues
Topic: Dilemma about car dealership service bill error
Replies: 29
Views: 2289

Re: Dilemma about car dealership service bill error

When you paid for the repair, you should have received an itemized statement that shows how much each part cost and how much labor was charged. Even my independent mechanic follows this procedure. I keep these statements to show my service records in case there is a warranty situation.
by sport
Mon Jul 17, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Basic Question on I bonds
Replies: 11
Views: 1093

Re: Basic Question on I bonds

There are two components to the I bond rate. There is a fixed component and an inflation adjustment component. The fixed component does not change. The inflation component changes every six months on the half-year anniversary of your purchase.
by sport
Mon Jul 17, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: kitchen appliance recommendations, esp refrigerator
Replies: 32
Views: 1930

Re: kitchen appliance recommendations, esp refrigerator

We gradually replaced our appliances with stainless steel ones and the one thing I hadn't thought about before doing so was how hard they are to keep clean. Every little fingerprint shoes up. It's a royal pain to keep clean. I've heard advertisements for stainless steel ones that don't leave finger...
by sport
Mon Jul 17, 2017 12:38 am
Forum: Personal Consumer Issues
Topic: kitchen appliance recommendations, esp refrigerator
Replies: 32
Views: 1930

Re: kitchen appliance recommendations, esp refrigerator

Our 10-year old GE fridge just broke again. I think this is the 5th time. This time it is a door latch that is not required for proper operation of the unit. I won't get it repaired.
by sport
Sun Jul 16, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation - Am I Doing It Right? (Individual vs Joint Figures)
Replies: 16
Views: 1583

Re: Net Worth Calculation - Am I Doing It Right?

What about her assets and her liabilities?
by sport
Sun Jul 16, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: Medicaid (with assets depleted) if also have health insurance
Replies: 2
Views: 424

Re: Medicaid (with assets depleted) if also have health insurance

I know of someone who was in a nursing home and depleted all of her assets. She went on Medicaid to pay for the nursing home. Of course, she had to sign over her SS to the nursing home, and Medicaid paid the difference. However, she was allowed to have some of her SS pay for her BC/BS supplemental m...
by sport
Sun Jul 16, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Rent in safer neighborhood or buy in less safe one?
Replies: 67
Views: 4211

Re: Rent in safer neighborhood or buy in less safe one?

Atilla wrote:3 active shootings down the street this summer. Wife is kinda thinking of moving. I'm neutral so far.

:shock: I could not move fast enough.
by sport
Sun Jul 16, 2017 4:09 pm
Forum: Investing - Theory, News & General
Topic: 90:10 AA - what don't you believe about it?
Replies: 101
Views: 6648

Re: 90:10 AA - what don't you believe about it?

A higher allocation to equities almost certainly will result in more gains over the long term. However, once someone has reached FI, capital gains become less important than capital preservation. Just imagine the investor who is FI and retired when the market takes a big drop. The investor is no lon...
by sport
Sun Jul 16, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: First RMD
Replies: 1
Views: 351

Re: First RMD

No. Once you are subject to RMD requirements, the first withdrawals from the IRA must count towards the RMD. RMD money is not permitted to be converted into a Roth. Once the RMD is complete, then any remaining money can be converted.
by sport
Sun Jul 16, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 6332

Re: 4% mortgage rate vs 2.5% BND yield

One reason is that while 4% is a high rate now, the mortgage is for a long time, maybe 30 years. If rates return to historical levels, you can have a 4% mortgage while bonds/CDs etc. yield 5% or 6%. If that happens, you would be glad to have that "low" rate mortgage. When I bought my firs...
by sport
Sun Jul 16, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 6332

Re: 4% mortgage rate vs 2.5% BND yield

One reason is that while 4% is a high rate now, the mortgage is for a long time, maybe 30 years. If rates return to historical levels, you can have a 4% mortgage while bonds/CDs etc. yield 5% or 6%. If that happens, you would be glad to have that "low" rate mortgage. When I bought my first...
by sport
Sat Jul 15, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2356

Re: 2017 RMD Timing

I planned to take my RMD from a bond fund this year. Early in the year, it seemed that interest rates might rise and therefore, the bond fund might drop. To keep this from affecting my RMD this year, I moved an amount equal to the RMD into Vanguard Ultra Short Term Bond fund. It yields a little more...
by sport
Sat Jul 15, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Rent in safer neighborhood or buy in less safe one?
Replies: 67
Views: 4211

Re: Rent in safer neighborhood or buy in less safe one?

In my area, people who cannot afford desirable real estate, historically have moved farther out to more outlying areas. In such areas one can find decent housing that is more affordable. Perhaps this might work for you.
by sport
Sat Jul 15, 2017 10:42 am
Forum: Investing - Theory, News & General
Topic: Market vs Limit order
Replies: 50
Views: 3198

Re: Market vs Limit order

When you buy stocks, such as Vanguard ETFs, do you place market orders or do you do limit orders? Also, on a related note, can you set up a Roth IRA account at Vanguard to buy Vanguard mutual funds? I have accounts at TD, Schwab, and ETRADE, and I think I can only buy stocks through them. Yes, you ...
by sport
Sat Jul 15, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Time to dump State Farm agent?
Replies: 25
Views: 1989

Re: Time to dump State Farm agent?

By coincidence we just switched our State Farm agent yesterday (still with State Farm, just switched agents). We had been with our previous agent for over 25 years. He wasn't all that great, but he had a fantastic assistant running his office. This is the person that you actually have to deal with ...
by sport
Thu Jul 13, 2017 11:15 pm
Forum: Investing - Theory, News & General
Topic: 90:10 AA - what don't you believe about it?
Replies: 101
Views: 6648

Re: 90:10 AA - what don't you believe about it?

Just keep in mind that all your statistics and analysis apply to historic results. Will they apply in the future? Probably? Maybe? Maybe not?
by sport
Thu Jul 13, 2017 8:40 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 3630

Re: Hotel tipping: how much to leave?

Beth* wrote:I have been financially fortunate. I believe in helping others who work hard and have less.
+1
I know I do not have to tip. However, I will never miss the few dollars, and it feels good to know that because of a little generosity, some less fortunate family can have a little extra something.
by sport
Thu Jul 13, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 9872

Re: % bogleheads of overall population

Some bogleheads cannot contribute that much. I can't. Agreed! Although this forum skews to high income earners, it is entirely possible to follow Boglehead principles on a moderate income. I make $38k per year. My husband recently got a raise to $22 per hour. I have mandatory pension contributions,...
by sport
Thu Jul 13, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: Security Alarm Pre-Wire in New Construction
Replies: 25
Views: 1438

Re: Security Alarm Pre-Wire in New Construction

We bought a new house that was already built. The builder prewired the alarm system, but only for doors and motion detectors. We were able to add wireless window sensors and a wireless smoke detector to the prewired system. It did not require any drilling into the drywall. The wireless sensors just ...
by sport
Thu Jul 13, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: Do you pay fees to buy funds or ETFs?
Replies: 46
Views: 2682

Re: Do you pay fees to buy funds or ETFs?

I buy Vanguard MFs at Vanguard. No costs except for the expense ratio.
by sport
Thu Jul 13, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 3630

Re: Hotel tipping: how much to leave?

While we've always tip the room attendant while on a cruise (ocean/river), we don't when we're spending time on the road. You don't necessarily get the same folks taking care of your room every day, and the tip you left for the attendant you had yesterday is probably going to be picked up by someon...
by sport
Thu Jul 13, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 3630

Re: Hotel tipping: how much to leave?

About $3-$5 -- ideally each day, though I have to admit sometimes I neglect to and then try to catch up at the end, which isn't great I realize as individual housekeepers can change daily Picking up on some of the comments - - Earlier this year I stayed at an SPG hotel for work (don't recall exact ...
by sport
Wed Jul 12, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: Outside Pittsburgh short trip ideas
Replies: 36
Views: 2162

Re: Outside Pittsburgh short trip ideas

Daryl wrote:
saltycaper wrote:If all else fails, Cleveland is just over 2 hours away. :P

The mistake on the lake!

I beg your pardon.
by sport
Wed Jul 12, 2017 3:00 pm
Forum: Investing - Theory, News & General
Topic: Mutual Fund Cash Composition
Replies: 4
Views: 285

Re: Mutual Fund Cash Composition

Since one cannot take that cash and buy anything else with it, I just ignore it. It is not available to me as cash.
by sport
Wed Jul 12, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: another American Funds question
Replies: 5
Views: 438

Re: another American Funds question

OP states that this is an IRA account. Therefore, there are no taxes to be paid when moving to better investments. As long as the money is kept in an IRA, transactions are not taxable.
by sport
Tue Jul 11, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 13023

Re: Costco with a "gentle" bump for memebership

I calculate that we save between 2K and 3K per year with our Costco membership. We are a family of two. Five bucks is noise level.

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