Search found 328 matches

by talzara
Wed Jan 17, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21106

Re: Do you have an umbrella policy?

You can get $500k coverage on just about any auto policy without an umbrella though. $500k is the average claim, not the maximum claim. Also, the underlying auto policy must max out before the umbrella pays anything. If you have a $1 million umbrella, the total settlement might be $1.5 million. $50...
by talzara
Wed Jan 17, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21106

Re: Do you have an umbrella policy?

About 0.03% of umbrella policies make a claim every year, and the average loss is about $500,000. If you drive from age 20 to age 80, then your lifetime risk of making an umbrella claim is about 2.1%. (85% of the umbrella premium goes to pay for excess auto liability.) This is also borne out by the...
by talzara
Wed Jan 17, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21106

Re: Do you have an umbrella policy?

There is a .001% chance of having an auto lawsuit/claim between 500k and $1 million, but a .00000000000000001% of having an an auto lawsuit above $1 million. Of course, umbrellas cover other things, but if you don't have a pool, trampoline or dog, chances are the auto part is much more likely to be...
by talzara
Wed Jan 17, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Questions re:home insurace
Replies: 16
Views: 1003

Re: Questions re:home insurace

1. Here are the quote I have received so far....Travellers ($1862), Amica ($ 1749) and Geico ($787). There is about 50K difference between Amica and Travellers dwelling estimate. But otherwise both are pretty comparable and both are "All Risk" policies. Geico came back with lowest dwelling value (a...
by talzara
Tue Jan 16, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard account change
Replies: 14
Views: 1242

Re: Vanguard account change

OP here: Thank you all. So, even though it was a joint account WROS, there would be a step up in basis? Mom isn't inheriting the account, per se, she's the same owner she always was. Right? It would be nice to get a step up in basis, but would that happen in this case? Thanks again JTWROS securitie...
by talzara
Thu Jan 11, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Zimbabwe stock market acting strangely again
Replies: 15
Views: 1880

Re: Zimbabwe stock market acting strangely again

The MSCI Zimbabwe Index consists of only three stocks: https://www.msci.com/documents/10199/03 ... 69a88eee05

I wonder if there is an MSCI index that consists of one stock.
by talzara
Thu Jan 11, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with insurance options. Not good with this kind of stuff
Replies: 4
Views: 286

Re: Need help with insurance options. Not good with this kind of stuff

I've never heard of an employer plan that limits your ACA options. Can't you obtain insurance at Healthcare.gov during the annual signup period? $300/$550 per month is not horrible for health insurance especially since you have a preexisting condition. The Entertainment Industry Flex Plan is not an...
by talzara
Tue Jan 09, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

I don't want to go bottom of the barrel with Bubba's Insurance Company which has one location in a strip mall down in the 'hood. So was thinking of getting a quote from Erie. Any other names that you would suggest that would be a "good" company? Here's the latest JD Power survey on property claims ...
by talzara
Mon Jan 08, 2018 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

Everyone loves Geico, but every time I get a new car (and trade in the old one) they increase my premium 50%. I am now at $3200 / 6 mos for two cars. Excellent driving record. WTF? If you sell your house and buy one that costs twice as much, your insurance premium goes up. It works the same way wit...
by talzara
Mon Jan 08, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

So Amica is about the same as Liberty Mutual (thru Geico) on homeowners, so same answer (no need to switch away from State Farm) I was seeing that Erie was highly rated in a few places. May call one of their local agents and get him to work up a consolidated quote on auto/home/umbrella and also jus...
by talzara
Sun Jan 07, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Stand Alone Umbrella Insurance
Replies: 37
Views: 2441

Re: Stand Alone Umbrella Insurance

Given that payouts for umbrella are relatively rare, I doubt that even GEICO has statistically significant data showing 20% higher claims for 3 cars vs 2 cars as relates to umbrella insurance (especially when you consider other dependent factors that influence claims). GEICO may have such data for ...
by talzara
Sun Jan 07, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Stand Alone Umbrella Insurance
Replies: 37
Views: 2441

Re: Stand Alone Umbrella Insurance

We talked about the hikes in existing coverage I would need to make to my current policies qualify for the stand-alone umbrella and it was looking reasonable. Then I discovered that after the first year my premium would go up dramatically because I would be 70 years old. I don't have my notes in fr...
by talzara
Sun Jan 07, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Stand Alone Umbrella Insurance
Replies: 37
Views: 2441

Re: Stand Alone Umbrella Insurance

In my case, it's a 3rd car, with only 2 people in the household. And umbrella covers homeowners and other types of liability too (which would remain the same even with an additional car). So an extra 20% definitely seems like a mis-pricing. Possibly GEICO's background in auto insurance makes it mor...
by talzara
Sun Jan 07, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

Standalone umbrella costs more than bundling with an auto policy. Most people who buy standalone umbrella insurance do not own cars. Huh? Umbrella policies are always standalone above and beyond the underlying auto and homeowners liability layers. The potential "trouble" could be if there was a cla...
by talzara
Sun Jan 07, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Stand Alone Umbrella Insurance
Replies: 37
Views: 2441

Re: Stand Alone Umbrella Insurance

There are also a few companies that specialize in standalone umbrella: https://www.irmi.com/articles/expert-commentary/comparing-stand-alone-personal-umbrella-policies You will probably pay more than you're already paying at GEICO, though. 20% is a very reasonable increase for a second car. You may ...
by talzara
Sat Jan 06, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

Not sure those figures are correct. I believe that SF expense ratios are higher than Progressive and a bit higher than Geico (via Berkshire), but lower than USAA. http://www.naic.org/documents/web_market_share_170301_2016_property_lob.pdf That PDF gives you the loss ratio, not the expense ratio. St...
by talzara
Sat Jan 06, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

Fair point and I should call a few other homeowners companies. Is there potential trouble with two totally separate insurers splitting Auto and home? Or just best to ensure auto and Umbrella are same and home doesn't matter if it is different provider? What kind of trouble are you worried about? Th...
by talzara
Fri Jan 05, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tax penalty (Fed and NYS)
Replies: 2
Views: 401

Re: Tax penalty (Fed and NYS)

New York's underpayment penalty is higher, at 7.5% per year.
by talzara
Fri Jan 05, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

In 2016, GEICO, Progressive, and USAA made up 27% of the auto insurance market. In 2006, it was only 18%. That could be due to advertising. Those three have been very aggressive at it, while SF has been pretty stodgy. And just like Big Pharma, they wouldn't do it if it wasn't successful. All three ...
by talzara
Fri Jan 05, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

Indeed. If you have Homeowners with one and Umbrella with another, when someone sues you for slipping on your porch who will provide your defense -- the Homeowner insurer or the Umbrella one? I prefer not to take that chance. Everything on one place. If you get sued for less than the liability limi...
by talzara
Fri Jan 05, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

Are people actually realizing significant savings between different insurers for people who have no claims? Insurers make it seem so, but going to the effort to get quotes etc (hours of time on the phone for accurate actual quotes, not this quick quote online nonsense that is not realistic) to save...
by talzara
Fri Jan 05, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4506

Re: State Farm vs Geico

I've had State Farm for 25 years and I'm not switching now to save $50 bucks and then have Geico and separately Liberty Mutual (overlaid by Geico). Why are you giving up before even getting started? All you've determined so far is that Liberty Mutual is not competitive with State Farm. You haven't ...
by talzara
Tue Jan 02, 2018 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Vanguard through TIAA-CREF
Replies: 41
Views: 2424

Re: Investing in Vanguard through TIAA-CREF

The TIAA Real Estate fund is unique in the investment world. It owns and operates real estate properties, so is not comparable to REIT funds. It has apparently high ERs, but that is because it actually operates the real estate. Many people on this board have significant positions in the TIAA Real E...
by talzara
Tue Jan 02, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance without the hassle?
Replies: 25
Views: 2373

Re: Health insurance without the hassle?

In 20+ years experience with Kaiser, I am much more concerned about avoiding a kook or quack. I believe Kaiser does this. No system is perfect - but with Kaiser we get very prompt treatment and referrals to the appropriate specialist. We have never felt that Kaiser avoided a referral or treatment t...
by talzara
Tue Jan 02, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance without the hassle?
Replies: 25
Views: 2373

Re: Health insurance without the hassle?

I'm somewhat suspicious of Kaiser because in this case I feel like I'm trying to get away from the socialized aspects of the system I'm in. I was extremely happy with Kaiser when I had it. It would be my first choice if it were available in my current state. BTW,the description "socialized" doesn't...
by talzara
Tue Jan 02, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: Want adequate filter to discharge clothes drier indoors
Replies: 24
Views: 2299

Re: Want adequate filter to discharge clothes drier indoors

The cheapest one, while it has a small capacity, appears to be around $800: https://www.ajmadison.com/cgi-bin/ajmadison/EFDE210TIW.html So maybe more like 10 years to break even? But if you can have a gas dryer, the energy costs are probably about 1/3 to 1/2 of electric, so annual dryer operation c...
by talzara
Sun Dec 31, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: Want adequate filter to discharge clothes drier indoors
Replies: 24
Views: 2299

Re: Want adequate filter to discharge clothes drier indoors

Buy a new dryer. Heat pump condensing. Examples https://www.ajmadison.com/b.php/Ventless%3BDryers/N~39+1177 $1200 bucks for a toaster with a fan attached? That's insane. No, a vented electric dryer is a toaster with a fan attached. A heat pump condensing dryer is an air conditioner turned inside ou...
by talzara
Sun Dec 31, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm - Letter Received today
Replies: 11
Views: 2460

Re: State Farm - Letter Received today

Interesting, I just opened a letter from my State Farm agent that "in about 30 days, you'll receive a new Homeowners policy. Your current policy will no longer be available. Information will arrive in two separate envelopes. Getting a new Homeowners policy won't affect any of your discounts. The ch...
by talzara
Wed Dec 20, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Home Insurance - Personal Property/etc - why?
Replies: 22
Views: 1289

Re: Home Insurance - Personal Property/etc - why?

You could drop your coverage limit for personal property (or at least you *should* have that option). I think you'll find premiums won't go down that much even if you do reduce coverage. Unless, of course, you are a well-healed boglehead and have a considerable dwelling. If that's the case more pow...
by talzara
Wed Dec 20, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Home Insurance - Personal Property/etc - why?
Replies: 22
Views: 1289

Re: Home Insurance - Personal Property/etc - why?

Your insurance company likely won’t let you change those. Their software won’t even allow the dwelling covered amount to go below set points even if it is ridiculously high for your situation. If you had a landlord policy you could probably get rid of personal property but hard to see they would le...
by talzara
Sun Dec 17, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: Auto and homeowner insurance ... How often do you switch?
Replies: 22
Views: 1552

Re: Auto and homeowner insurance ... How often do you switch?

I've been with MetLife for over two years now. When I spoke to my broker he mentioned companies don't like to see you switch every year. I recently ran a quote with esurance and my auto alone would save me $500/year. My understanding is that companies charge you less in the beginning because you're...
by talzara
Sun Dec 17, 2017 7:45 pm
Forum: Personal Consumer Issues
Topic: Auto and homeowner insurance ... How often do you switch?
Replies: 22
Views: 1552

Re: Auto and homeowner insurance ... How often do you switch?

My understanding is that companies charge you less in the beginning because you're a new customer, but the follow-up ng years rate would be higher. Thoughts? I tend to think that's an urban legend. Can anyone cite an official source for that? I do know Insurance is a highly regulated industry. Comp...
by talzara
Sun Dec 17, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

matty89 wrote:
Sat Dec 16, 2017 10:44 pm
Long time browser and noobie boglehead with a very basic question.

How do I take the info from the table to estimate how much capital gains will be distributed to me?
Multiply by the number of shares you own. The table gives the per-share estimates.
by talzara
Sun Dec 17, 2017 1:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

Those numbers are the yearly totals of shares sold and bought, not the number of shares created and redeemed. For instance, bouncing an ETF share between two investors daily for a year would result in 252 shares sold 252 shares bought 1 share outstanding 0 shares created/redeemed (assuming that sha...
by talzara
Sat Dec 16, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance - How Do You Evaluate?
Replies: 23
Views: 1558

Re: Homeowner's Insurance - How Do You Evaluate?

Is there something like a 'totaled car' equivalent for houses ? If you purchased your property (house and land) for 350k and the insurance coverage is 500k - would the insurance not claim the house to be totaled and it would be cheaper to just buy another property instead of fixing it ? Although, w...
by talzara
Sat Dec 16, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance - How Do You Evaluate?
Replies: 23
Views: 1558

Re: Homeowner's Insurance - How Do You Evaluate?

Some of the coverages may be a strict percentage of the base, although I'm not sure about the specifics of what you are describing. That is, you may or may not be able to adjust the personal property amount. Most insurers will not allow you to adjust the limits for Other structures, Personal proper...
by talzara
Sat Dec 16, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

For the Total Stock Market Fund, Vanguard is still relying on traditional tax-management techniques to avoid paying out capital gains. What do you consider to be "traditional tax-management techniques"? FWIW I don't have a dog in this "fight". The QDI's are something I don't care about except for R...
by talzara
Sat Dec 16, 2017 12:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

OK, I missed the reasoning behind your question. Find the table "Capital Shares Transactions ...." in the fine print near the end. Shares issue 20.7 million, shares redeemed 20.0 million. Thank you. The data is in Note G to the fund's annual and semi-annual reports. I just realized that I was talki...
by talzara
Fri Dec 15, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

What's the creation/redemption volume for VOO? How many Vanguard S&P 500 ETF shares are created each year? There are table in annual and semi annual reports from which you can get that kind of information. Also look at the ownership tab on Morningstar. For example: http://investors.morningstar.com/...
by talzara
Fri Dec 15, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

Yes, but you can check the creation/redemption volume and it is minimal compared to the outstanding shares. ETF trading volume takes care of the spread well before new shares have to be created/redeemed. What's the creation/redemption volume for VOO? How many Vanguard S&P 500 ETF shares are created...
by talzara
Wed Dec 13, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 6384

Re: State Farm Insurance, Time to Leave

Also, in chats with friends, acquaintences, etc. I am very surprised how many folks have different companies for different insurance (Homeowner/renters and car insurance). They seem to not understand that you can get signnificant discounts by having all insurance with the same company. It's possibl...
by talzara
Wed Dec 13, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 6384

Re: State Farm Insurance, Time to Leave

Me either. Homeowners and auto insurance should be shopped every few years to compare rates, things change. The other determining factor, probably the most important to most of us is how well they handle claims. I have no idea how to find factual information for that - just a bunch of anecdotal evi...
by talzara
Wed Dec 13, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 6384

Re: State Farm Insurance, Time to Leave

My GEICO premiums have increased almost 50% since we went with them some number of years ago. They have increased about 5%-10% each of the last 6 months. Often this means that you received a very large rate shock. It could be +50%, it could be +100%, or it could be even higher. The insurance compan...
by talzara
Wed Dec 13, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 6384

Re: State Farm Insurance, Time to Leave

Have had State Farm auto for 45 years and Homeowners for almost 40. When you have all insurance with State farm (as we do) there is a significant discount. A good idea, as well, is to regularly review all coverage and details for accuracy (such as miles driven per year, whether to work or school, e...
by talzara
Wed Dec 13, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

The ETF shares themselves trade more than the equivalent Vanguard mutual fund. The stocks inside the ETF also turn over more frequently than the stocks inside the mutual fund. I was under the believe that there is a single pool for all share classes and at least at Vanguard ETFS were also in the sa...
by talzara
Tue Dec 12, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: South American bank interest rates question
Replies: 10
Views: 906

Re: South American bank interest rates question

Inflation rates in Ecuador were running 1% monthly earlier this year. https://tradingeconomics.com/ecuador/inflation-cpi Those are annual inflation rates. It says "year-on-year." The rates are reported monthly, which mean they compare December 2017 to December 2016, November 2017 to November 2016, ...
by talzara
Tue Dec 12, 2017 8:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

ETF shares trade more actively than mutual funds, so more of the shares will be new, and more of the dividends will be nonqualified. Actually, ETF shares trade very little at all. If by trade we mean trading of the underlying securities, which is what is relevant for QDI purposes. I mean it both wa...
by talzara
Tue Dec 12, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

That is not how the time window for qualified dividends works. The IRS says "You must [edit: or the fund, in this case] have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date. " Under this rule, the new shares will yield qualified dividen...
by talzara
Tue Dec 12, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Parking Lot Dent: Pay myself or submit claim
Replies: 14
Views: 1593

Re: Parking Lot Dent: Pay myself or submit claim

Your $1600 claim is half of the average collision claim. In 2016 the average collision claim was $3,435; the average comprehensive claim was $1,748. https://www.iii.org/fact-statistic/facts-statistics-auto-insurance The rate calculation is based on the number of claims you've filed, not the total do...
by talzara
Tue Dec 12, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 75
Views: 10281

Re: Vanguard year end distributions - updated estimates

Why do the institutional total stock market funds have 100% QDI whereas the rest (admiral, investor, etc.) have 94%? Don't they follow the same index? They follow the same index, but they are not share classes of the same fund; each fund computes its own QDI. Dividends can become non-qualified if t...