Search found 11 matches

by Mr Chill
Mon Jan 29, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: $100k+ Credit Card Spend Per Year: What card offers the best return?
Replies: 44
Views: 5311

Re: $100k+ Credit Card Spend Per Year: What card offers the best return?

Thanks for everyone contributing. I called Commerce Bank again today and spoke with a different rep. A few more datapoints: 1. If you have an existing credit card with them, you can't convert it to the World Elite MasterCard. You can, however, transfer some or all of your existing credit line on any...
by Mr Chill
Mon Jan 29, 2018 2:40 am
Forum: Personal Finance (Not Investing)
Topic: $100k+ Credit Card Spend Per Year: What card offers the best return?
Replies: 44
Views: 5311

Re: $100k+ Credit Card Spend Per Year: What card offers the best return?

That is a sound point. I called and spoke to a bank rep and they said it was 6.5% total. Now, just to be sure, I'll certainly want to read the fine print and also confirm in writing that it is actually the 6.5%, not 1.575% as you were pointing out. I also found Alliant's Visa to give 3% cash back in...
by Mr Chill
Mon Jan 29, 2018 2:19 am
Forum: Personal Finance (Not Investing)
Topic: $100k+ Credit Card Spend Per Year: What card offers the best return?
Replies: 44
Views: 5311

$100k+ Credit Card Spend Per Year: What card offers the best return?

Our family has a $125k home improvement project we'll be taking on in a few months. Our contractor accepts credit cards. Commerce Bank currently has a card that is 1.5% cash back for all purchases, but with a bonus of 5% extra in points if you spend over $50k per year. Effectively, that would make o...
by Mr Chill
Mon Jan 29, 2018 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 35933

Re: Does anyone here with net worths north of $1 mil use financial advisors?

One of the "financial advisors" at Wells Fargo stuck over $100k of my folks assets into a variable annuity, inside of an IRA. Because my mom was too close to retirement age, it forced an RMD BEFORE the annuity reached maturity. This, of course, triggered what would have been a surrender charge to ta...
by Mr Chill
Tue Jan 16, 2018 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Best High Interest Banking Accounts (With Bill Pay): (Checking/Savings/MMA?)
Replies: 8
Views: 1004

Best High Interest Banking Accounts (With Bill Pay): (Checking/Savings/MMA?)

I help my parents manage their finances and the bulk of their wealth is tied up in annuities. Nonetheless, I try to keep between $10-20k in reserve in their checking/savings accounts at Bank of America. They've done business there forever, but the interest rates are absolutely pathetic, not to menti...
by Mr Chill
Tue Jan 16, 2018 3:27 am
Forum: Personal Finance (Not Investing)
Topic: Reason for Power of Attorney?
Replies: 12
Views: 1090

Re: Reason for Power of Attorney?

Regarding the banks, it might be overkill in the case of joint account holders. That being said, I rather have more proof on file instead of less proof in case the bank ever questioned my motives for say, moving tons of funds around, without the other person is available to ever make transactions (i...
by Mr Chill
Mon Jan 15, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Reason for Power of Attorney?
Replies: 12
Views: 1090

Re: Reason for Power of Attorney?

When you go to amend your POA documents, make sure: 1. Your POA powers are effective immediately, not triggered by some contingency. You don't want it turning into a legal battle to determine if an event was triggered or not, based upon what the banks or any healthcare institution might argue. Make ...
by Mr Chill
Mon Jan 15, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance: Who do you use? (Auto/Home)
Replies: 32
Views: 2402

Re: Insurance: Who do you use? (Auto/Home)

AAA for the cars, used to have them for the fire insurance for the house, but they dropped us from that policy due to the water pressure in our area being low. Once AAA dropped our fire insurance, I moved it over to Capital Insurance Group or CIG for short. The rates have risen significantly in rece...
by Mr Chill
Wed Sep 30, 2015 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Nationwide Variable Annuity Navigator 2.0; Which funds to invest in?
Replies: 16
Views: 1542

Re: Nationwide Variable Annuity Navigator 2.0; Which funds to invest in?

Just a point of clarification (without getting into the OP's questions)... ALL annuities are with insurance companies because an annuity is an insurance product. In the case of VG, TransAmerica Life Insurance Co. is the insurance company with whom one buys the (variable) annuity. VG simply manages ...
by Mr Chill
Wed Sep 30, 2015 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Nationwide Variable Annuity Navigator 2.0; Which funds to invest in?
Replies: 16
Views: 1542

Re: Nationwide Variable Annuity Navigator 2.0; Which funds to invest in?

The link is not yielding a picture for me. Can you list the ticker symbols/ ers of the funds? You might consider transferring it to vanguard. I don't know much about annuities, but I am sure an annuity at an insurance co is going to be very expensive. https://investor.vanguard.com/annuity/1035-exch...
by Mr Chill
Tue Sep 29, 2015 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Nationwide Variable Annuity Navigator 2.0; Which funds to invest in?
Replies: 16
Views: 1542

Nationwide Variable Annuity Navigator 2.0; Which funds to invest in?

Hello folks! Newbie here to investing. I've been lurking here for a while, but there seems to be too much great information not to register and join the fray, so here goes... :D I'm helping out my elderly parents (dad is 79 and mom is 68) by reviewing their investments. One of their investments is a...