Search found 225 matches

by talzara
Thu Mar 23, 2017 6:41 pm
Forum: Personal Consumer Issues
Topic: Do I need title insurance?
Replies: 22
Views: 1337

Re: Do I need title insurance?

It is a scam in my opinion (at least the high price). An attorney typically is doing a title search so they should be liable. Also, the price here (Chicago) for it is ridiculous. Typically $600-$900 here for a typical place. As you said, rarely paid out and if they do, tends to not be on the whole ...
by talzara
Wed Mar 15, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: Do many banks "secretly" have private deposit insurance covering excess above $250,000?
Replies: 51
Views: 5471

Re: Do many banks "secretly" have private deposit insurance above $250,000?

Just to be clear about my own question... suppose you have a normal FDIC-insured bank and you put $400,000 into one, ordinary, single account. Thus, $250,000 is insured by the FDIC and $150,000 is not insured by the FDIC. The bank rep was suggesting that some banks have a situation that is exactly ...
by talzara
Wed Mar 15, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: Do many banks "secretly" have private deposit insurance covering excess above $250,000?
Replies: 51
Views: 5471

Re: Do many banks "secretly" have private deposit insurance above $250,000?

I've worked for three different banks over 11 years and have never heard of such a thing. Doesn't mean it doesn't exist, but it would certainly come as a surprise to me and is certainly not something "most" banks offer. I can say for sure that none of the banks I've worked for had additio...
by talzara
Wed Mar 15, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: Do many banks "secretly" have private deposit insurance covering excess above $250,000?
Replies: 51
Views: 5471

Re: Do many banks "secretly" have private deposit insurance covering excess above $250,000?

The rep laughed and said, "Well, you should check with bank X. I can't really speak for them but I have an account there, and they do have non-FDIC insurance [that covers amounts beyond the first $250,000]." She added that "most banks do." And I said "Funny they don't say s...
by talzara
Mon Mar 13, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax Paid Date in TurboTax
Replies: 4
Views: 208

Re: Foreign Tax Paid Date in TurboTax

I have paid foreign tax through both the STAR fund and the International High DIvidend Yield Index fund. I took the foreign tax credit in TurboTax. TurboTax seemed to accept everything. But when TT goes and reviews my return at the end before filing, it asks for the date the foreign taxes were paid...
by talzara
Fri Mar 10, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: checking account debit at the speed of light
Replies: 14
Views: 1516

Re: checking account debit at the speed of light

My credit card takes several days to debit the account for a payment. Overnight I used for the first time the IRS make an estimated tax payment over the web thing. Whoosh at the speed of light my checking account has already been debited. Just wondering why the difference? Same-day ACH only became ...
by talzara
Sat Feb 25, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help with iBonds Tax Question
Replies: 3
Views: 506

Re: Need Help with iBonds Tax Question

I understand that the IRS requires that when you first start paying the taxes on the iBonds interest, you must pay it all in one tax year for all your iBonds. My wife and I each have about an equal amount of iBonds registered separately in each of our names. We file our taxes on a Married Filing Jo...
by talzara
Sat Feb 25, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: retirement option pay $500/yr to insure $250,000 over 12 years?
Replies: 7
Views: 730

Re: retirement option pay $500/yr to insure $250,000 over 12 years?

sorry for the confusion I should not have used the term insure. this is just a look at two retirement payout options. if I take the lower monthly amount I am ensuring my heirs will get any left over money that has not yet been paid out It doesn't matter what it's called. It's the same economic tran...
by talzara
Sat Feb 25, 2017 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 84
Views: 5807

Re: Vanguard Lousy Customer Service

Actually, there is no co-mingling law in this case. Example: $1k new contribution goes to pre-tax in SV fund, $1k goes to post-tax in same SV fund. You can do a withdrawal on all the post-tax money, once that leaves the 401k, then switch the pre-tax from SV fund to another fund before the next cont...
by talzara
Sat Feb 25, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: retirement option pay $500/yr to insure $250,000 over 12 years?
Replies: 7
Views: 730

Re: retirement option pay $500/yr to insure $250,000 over 12 years?

$500 is overpriced. You can buy more protection for less money from an insurance company. For a 54 year-old Preferred Non-Smoker Male in California, a $250,000 10-year level term life insurance policy costs $500 per year. A 15-year level term policy costs $660 per year. Females pay about 10% less. T...
by talzara
Sat Feb 25, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: mom wants smart phone, are there classes on how to use?
Replies: 40
Views: 2321

Re: mom wants smart phone, are there classes on how to use?

Also can android or iPhone upload photos automatically to OneDrive like my Windows Phone does? Yes. The OneDrive app has a setting to upload photos automatically. ⋅  Instructions for Android: https://support.office.com/en-us/article/Use-OneDrive-on-iOS-08d5c5b2-ccc6-40eb-a244-fe3597a3c247...
by talzara
Fri Feb 24, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 84
Views: 5807

Re: Vanguard Lousy Customer Service

Last month, they processed my in-service withdrawal from my 401(k) late, and then they withdrew the amount from both my Stable Value Fund and Bond Fund, when I instructed them to only withdraw from the Stable Value Fund. In even had new contributions get directed to Bond Fund, because they were run...
by talzara
Sat Feb 18, 2017 8:16 pm
Forum: Personal Consumer Issues
Topic: Long Day Trip: Drive Old Car or Rent Car?
Replies: 59
Views: 3548

Re: Long Day Trip: Drive Old Car or Rent Car?

I often drive 300-700 mile trips over 1 to 3 days. I ALWAYS rent. It's a free lunch. In fact, it makes me wonder why the rental companies haven't capped daily miles. They used to. In fact, they used to charge you for every mile you drove. Here's a Hertz ad from 1952: At the Hertz station in Albany,...
by talzara
Sat Feb 18, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct still not importing stock data
Replies: 32
Views: 3334

Re: TaxAct still not importing stock data

Donation Assistant is finally up. If I had to predict, either TA is going to go bankrupt or will be acquired by a larger company within the next couple of years. Seems like fundamental things such as these are the first things to go when they've already planned their exit strategy. Its a shame as I...
by talzara
Tue Feb 14, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements
Replies: 28
Views: 3778

Re: Faith in Vanguard shaken after seeing wrong name on my 1099 & Statements

This still does not explain why they included proceeds from redemption of a CD as proceeds from sale of a security, though. That's a $29,000 mistake. Edit: okay, dug a bit deeper, seems I sounded the alarm too early. I read further down, although they do report the proceeds from the redemption as &...
by talzara
Tue Jan 24, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: HOA Special Assessment
Replies: 7
Views: 1270

Re: HOA Special Assessment

I *think* some insurance polices may cover assessments. I had a townhome insured with an HO6 policy by USAA. I need to check this out as I also have USAA. Holding my breath! HO-6 policies do not usually cover assessments unless they are direct losses. If a pipe burst, then the cost of replacing tha...
by talzara
Mon Jan 23, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard as trustee
Replies: 14
Views: 1564

Re: Vanguard as trustee

I wasn't able to find Schwab's. I couldn't find it on Schwab's web site. Here is a document from an investment adviser that gives the fees charged by Schwab Bank Personal Trust Services in 2009: The fee schedule from Schwab Bank: o First $3 million 40 basis points o Next $1 million 35 basis points ...
by talzara
Fri Dec 23, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Valuation of Assets For Weekend Death
Replies: 3
Views: 556

Re: Estate Valuation of Assets For Weekend Death

You must prorate the price. Start with the Friday price, and add either 1/3 (Saturday) or 2/3 (Sunday) of the difference between the Friday and Monday prices.

See p. 24 of the instructions for form 709: https://www.irs.gov/pub/irs-pdf/i709.pdf
by talzara
Sat Dec 10, 2016 6:21 pm
Forum: Personal Consumer Issues
Topic: Homeowners insurance recommendations - MA
Replies: 30
Views: 2150

Re: Homeowners insurance recommendations - MA

I recommend that you take a look at this company: Pure PURE only writes high-value homeowners insurance. They will not write dwelling coverage below $500k. Add in the value of the land, which is not in the dwelling coverage, and you're looking at a $750k to $1 million house just to qualify with PUR...
by talzara
Sat Dec 10, 2016 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: 403b choices - TIAA/Fidelity
Replies: 8
Views: 681

Re: 403b choices - TIAA/Fidelity

At the moment the crucial decision is between the NYSERS and ORP (also called a 401a). The first is the pension and so is a Defined Benefit Plan (DB) and the second is the Defined Contribution Plan (DC). NYSERS is 98% funded. The employer has to contribute 16% into NYSERS, but only 8-10% for ORP. T...
by talzara
Thu Dec 08, 2016 2:39 pm
Forum: Personal Consumer Issues
Topic: Where To Shop For Used Cars?
Replies: 24
Views: 2480

Re: Where To Shop For Used Cars?

Would avoid Craigslist. I just looked at CarMax's site, there are no CarMax's in NJ. Sure there are. The two Carmax stores in New Jersey are: ⋅  Maple Shade: https://www.carmax.com/stores/6011 ⋅  Sickerville: https://www.carmax.com/stores/7234 Both stores are in suburbs of Phila...
by talzara
Fri Dec 02, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs Less Tax Efficient Than Other ETFs?
Replies: 37
Views: 2967

Re: Vanguard ETFs Less Tax Efficient Than Other ETFs?

Vanguard is also allowed to redeem mutual funds in kind. It's not as good as an ETF's creation/redemption mechanism, but it does eliminate the realized gains from large, disruptive trades. Vanguard reserves the right to pay all or part of a redemption in kind—that is, in the form of securities—if we...
by talzara
Tue Nov 22, 2016 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 28
Views: 3038

Re: Term insurance without exam

That sounds alarming, but I don't think it's accurate. I have never come across a pharmacy selling a dataset of individualized prescription data. Conceivably, a pharmacy could ask a patient to sign a HIPAA-compliant release authorizing such information to be disclosed for this specific commercial p...
by talzara
Tue Nov 22, 2016 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 28
Views: 3038

Re: Term insurance without exam

I'm very interested in hearing more about this product. How do premiums compare? How young and healthy does a client have to be and how does one prove that without a medical exam? Haven Life uses the same premiums as Mass Mutual. The only difference is that the risk score is determined by the algor...
by talzara
Tue Nov 22, 2016 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 28
Views: 3038

Re: Term insurance without exam

Our daughter, who is a life actuary in NYC, knows an actuary who works for them and we have talked about them a little. They are trying to be a disruptor in the life business- if you poke around their website you definitely get that idea. The FAQs say they are an agency owned by MassMutual. Their d...
by talzara
Thu Nov 03, 2016 7:08 pm
Forum: Personal Consumer Issues
Topic: Home Repair: Which Pipe for Water Service Replacement and Insurance Question
Replies: 12
Views: 1228

Re: Home Repair: Which Pipe for Water Service Replacement and Insurance Question

If I call my agent (I bought through an independent agent), would he/she also be able to estimate how much my premium would go up were I to make a claim? To take a stab at your last question, IME they will not even hazard a guess. In the past few years I have tried to get two different agents with ...
by talzara
Fri Oct 28, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 12470

Re: 2017 ACA plan previews

lol, what a spin piece. Just looked up rates for a 30-year-old single person in Phoenix. Cheapest plan $395/month with $6800 deductible. Before ACA a 30-year-old could buy a similar plan for $50/month. Does anyone know any healthy 30-year-olds that are willing to pay $400/mo for a health insurance ...
by talzara
Wed Oct 26, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 12470

Re: 2017 ACA plan previews

Health insurance is now a bigger payment than my mortgage payment. Yup.... same here - I'm looking to stop been self-employed mostly due to health "care"... talk about the tail wagging the dog :oops: The United States currently spends 17.5% of its GDP on healthcare. Historically, it has s...
by talzara
Wed Oct 26, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 12470

Re: 2017 ACA plan previews

3) Young are being overcharged by a factor of 3X to make premiums more affordable for the old. Obviously if you are asked to pay 3 times the value for anything, you are going to resist buying it, to the degree that you can. Hence, a lot of young, healthy people are not signing up. Only in New York ...
by talzara
Wed Oct 26, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 12470

Re: 2017 ACA plan previews

i am seriously considering starting a business with someone in the same boat as me, so that we could qualify for the better corporate policies. The purpose of the business would not be to make money, but to obtain quality insurance. Either that or my wife may need to get a job merely to get us dece...
by talzara
Sat Oct 08, 2016 1:36 pm
Forum: Personal Consumer Issues
Topic: Hurricane Matthew: Evacuation advice
Replies: 40
Views: 4530

Re: Hurricane Matthew: Evacuation advice

I'd think of moving out of FL after this is over. I'm not sure insurers will stick around and if so premiums will become exorbitant. It's so hot there. Move to New Jersey. Tomorrow the estate tax will be history and we have 4 seasons, have many professional and college sports teams, museums, etc a ...
by talzara
Thu Oct 06, 2016 10:29 pm
Forum: Personal Consumer Issues
Topic: Hurricane Matthew: Evacuation advice
Replies: 40
Views: 4530

Re: Hurricane Matthew: Evacuation advice

I'd think of moving out of FL after this is over. I'm not sure insurers will stick around and if so premiums will become exorbitant. It's so hot there. Move to New Jersey. Tomorrow the estate tax will be history and we have 4 seasons, have many professional and college sports teams, museums, etc a ...
by talzara
Tue Sep 20, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should we switch to Amica & increase our Homeowners/Umbrella coverage?
Replies: 11
Views: 1060

Re: Should we switch to Amica & increase our Homeowners/Umbrella coverage?

My primary concern concerning insurers would be how well they respond to claims if needed. Cost would be secondary, but also of concern. Had a neighbor with homeowners insurance through Auto-Owners Insurance with a six-digit claim that took more than a year to resolve and even then it was not to th...
by talzara
Fri Sep 16, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: An example of the value of a liability umbrella policy
Replies: 22
Views: 2673

Re: An example of the value of a liability umbrella policy

Here's a thought exercise. Let's say Umbrella is $250 year for $1m policy. For the same premium, one could buy a $400k Life policy. Which policy would provide "better" protection for yourself and your family, if you could only buy one policy? The only way to answer this is to have knowled...
by talzara
Fri Sep 09, 2016 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: How to Use Stockbroker to Sell Foreign Stock?
Replies: 7
Views: 603

Re: How to Use Stockbroker to Sell Foreign Stock?

I suppose I would find out the trading symbols for the shares, then call or visit several brokers and ask. Most large brokers can probably do this but fees will vary and you'd want to get the best deal. At a minimum, ask about the account setup fees, share transfer fees, and fees or commissions for...
by talzara
Fri Sep 09, 2016 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: How to Use Stockbroker to Sell Foreign Stock?
Replies: 7
Views: 603

Re: How to Use Stockbroker to Sell Foreign Stock?

I am helping my girlfriend's mom liquidate some of her late husband's holdings. Some of the shares are held by British companies (Equiniti and Capita), and they'll transfer the shares to mom's name. But they won't directly liquidate the assets - a stockbroker needs to do that. So, does that mean I'...
by talzara
Fri Sep 09, 2016 12:58 pm
Forum: Personal Consumer Issues
Topic: Attic Fan for Ventilation
Replies: 11
Views: 1028

Re: Attic Fan for Ventilation

Attic ventilation fans rarely save energy:

Several studies show that even in a house with a tight ceiling, a powered attic ventilator uses more electricity than it saves.

http://www.greenbuildingadvisor.com/blo ... -they-hurt
by talzara
Fri Sep 09, 2016 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card After Death
Replies: 23
Views: 2592

Re: Credit Card After Death

Having said that, I'll bet credit cards can go on for years after the owner dies, if the secondary user continues making payments. They can, but it is not likely. 95% of deaths in the United States are recorded in the Social Security Death Master File. Banks subscribe to the Death Master File so th...
by talzara
Tue Sep 06, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bodily Injury Coverage
Replies: 9
Views: 1035

Re: Bodily Injury Coverage

If I do raise my auto coverage, the only question I'm left with is whether it would make sense to lower my umbrella policy coverage by $1M? I had just recently raised it by $1M, but with $1M of auto coverage that might be excessive, absent any large non-auto risks. I'm trying to think of our possib...
by talzara
Tue Sep 06, 2016 3:14 pm
Forum: Investing - Theory, News & General
Topic: My take on the passive investing is worse than Marxism
Replies: 25
Views: 4809

Re: My take on the passive investing is worse than Marxism

In fact, I don't mutual funds in the 1950s did stress beating the market, though, I wasn't financially conscious at the time and have no idea how mutual presented themselves. The mutual fund industry was very different in 1949, when Jack Bogle first heard of them. Here's what he had to say about th...
by talzara
Mon Sep 05, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance?
Replies: 26
Views: 2939

Re: Umbrella insurance?

Bogle_Feet wrote:I wonder what the average total expense is when there is a payout, lawyers, etc.


Litigation expenses are included in the loss ratio.

The average severity for umbrella insurance claims is about $500,000.
by talzara
Mon Sep 05, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance?
Replies: 26
Views: 2939

Re: Umbrella insurance?

We recently upped ours to 2M. Cost was just over $500. Coverage for 2 homes, 2 vehicles. I think cost is high. I'm told FL residents, which we are, pay more than most. My question is :does anyone actually use their umbrella? We know of no one. I keep thinking we're throwing $ away. :annoyed Umbrell...
by talzara
Sun Sep 04, 2016 12:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard mutual fund to ETF conversion: dividend considerations
Replies: 4
Views: 726

Re: Vanguard mutual fund to ETF conversion: dividend considerations

The record date for the mutual fund is always 4 business days before the record date for the ETF. This is very interesting because of how ETF shares work. ETF shares do not exist until they have been created. When they are created, the Authorized Participant becomes the holder of record. Someone who...
by talzara
Fri Sep 02, 2016 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to open Vanguard, Stationed Overseas
Replies: 11
Views: 1039

Re: Trying to open Vanguard, Stationed Overseas

You need a verifiable stateside address to use Vanguard (and most other US brokerage firms). Can you use a relative's address? When is your next stateside leave? No stateside address is required. Page 6 of the Brokerage Account Application says: Street address. Address can be military APO or FPO. I...
by talzara
Fri Sep 02, 2016 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to open Vanguard, Stationed Overseas
Replies: 11
Views: 1039

Re: Trying to open Vanguard, Stationed Overseas

You're stationed in Japan, so you should have decent Internet service. You can use Skype to make the phone call. U.S. toll-free numbers are free, and other U.S. numbers are 2.3 cents a minute. I can't send the mail in package because it requires a certified banking signature and USAA doesn't have an...
by talzara
Thu Sep 01, 2016 5:31 pm
Forum: Personal Consumer Issues
Topic: Windows 10 Update error
Replies: 16
Views: 1219

Re: Windows 10 Update error

How do you know that Deltek GCS Premier 5.0 is incompatible with Windows 10 Anniversary? Deltek GCS Premier 5.0 was released in 2008 and required Windows 2000 Pro. You say you were running it before and after upgrading to Windows 10. That means the software runs on Windows 2000, XP, Vista, 7, 8, 8.1...
by talzara
Sun Aug 28, 2016 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 7257

Re: Homeowners should consider flood insurance

I don't understand why everyone who has chosen not to buy flood insurance seems to be getting shouted down/reprimanded on this thread. There are certainly cases where flood insurance is a good value proposition...and cases where it's grossly over-priced, especially for someone who can self-insure. ...
by talzara
Sun Aug 28, 2016 5:46 pm
Forum: Investing - Theory, News & General
Topic: Fidelity competing harder w/Vanguard
Replies: 92
Views: 9560

Re: Fidelity competing harder w/Vanguard

I've noticed that the Fidelity funds underperform the Vanguard ones by around 2 basis points a year. I wonder if this is (in part) because Vanguard reinvests 100% of the net securities lending income into the fund and Fidelity does not. I do not think there is much transparency on the Fidelity side...
by talzara
Sun Aug 28, 2016 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 7257

Re: Homeowners should consider flood insurance

And all that paving is why the area of U.S. flood insurance zones jumped so much in the last three decades. :x In the U.S., it's a flood if three homes are impacted by one event. Pretty easy threshold to reach with all the asphalt. Even easier than that. The NFIP policy considers a flood to be two ...
by talzara
Sat Aug 27, 2016 4:20 pm
Forum: Personal Consumer Issues
Topic: Farmer's insurance
Replies: 14
Views: 1122

Re: Farmer's insurance

Most large companies (and Farmers is one) have several "pricing tracks". The best risks get the cheapest rates - the worst get the highest. There are of course guidelines for where you wind up but it is not inconceivable that another agent could get you a better deal. This is usually done...

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