Search found 3736 matches

by michaeljc70
Fri Nov 09, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2394

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

Maybe I missied something, but if you invest the money for living expenses, how will you pay for schoo? Medical school is very expensive. Frankly, there is a big difference between a medical degree and business degree and real estate so I question how passionate you really are about medicine. Also, ...
by michaeljc70
Wed Nov 07, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: Car rentals, what is the catch?
Replies: 46
Views: 5355

Re: Car rentals, what is the catch?

I only rent from big national chains. Renting cars is a dirty business. The big national chains are tough enough to deal with. I can't imagine one of these tiny firms. I agree. I'd be more worried about them trying to claim you made dents or scratches than the big chains. I'd be worried about the c...
by michaeljc70
Wed Nov 07, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6122

Re: Do I need more than Original Medicare?

It would be useful to see examples of the out of pocket costs with only parts A&B. For example, if you had a heart attack, diabetes, etc. I did a quick search and didn't find anything. I think the numbers would startle you if you think you don't need any other coverage. My Grandfather had a torn ao...
by michaeljc70
Wed Nov 07, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12694

Re: Are we in trouble?

You have made some sub-optimal decisions. But your 370k annual income and 900k savings means you are far from "in trouble". +1 I disagree! Unless that income jumped from near 0 to 370k relatively shortly, I don't understand how you (OP) have saved only 900k at age 47. Well, I do understand actually...
by michaeljc70
Wed Nov 07, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Frustrating issue with VG website. Need advice.
Replies: 12
Views: 1735

Re: Frustrating issue with VG website. Need advice.

Near the top of your Account Overview page -- just above the tabbed section -- there should be a link titled "Customize your account view." You can use this to select which accounts show up on that view. There may be other options to modify other Views. My Flagship rep created a portfolio view excl...
by michaeljc70
Wed Nov 07, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3567

Re: Paper or Paperless? How and what financial records do you keep?

In my comment above, I forgot to add that the first thing I do when I buy anything with a manual (electronics, appliances, etc) is download the manual from the manufacturer's website and save it on my computer and throw the manual away.
by michaeljc70
Tue Nov 06, 2018 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for 87yo widowed Mom.
Replies: 13
Views: 999

Re: Portfolio for 87yo widowed Mom.

There is no way she is going to outlive her money, so I see no problem with keeping things the way they are. If your Mother tracks things closely and would be upset/panic at a big loss in asset prices (stock market drop), then I'd consider lowering it.
by michaeljc70
Tue Nov 06, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3567

Re: Paper or Paperless? How and what financial records do you keep?

I keep nothing in paper format unless it is necessary like a passport, birth certificate, deed or title. Everything else, I scan in or save in electronic format. I don't personally keep utility bills or credit card or bank statements as I can get those online (usually going back a couple years or mo...
by michaeljc70
Tue Nov 06, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: ACA in early retirement question.
Replies: 20
Views: 1377

Re: ACA in early retirement question.

My Cobra this year was going to be $1250/mo for 2 people. It was much, much better than $1200/mo plan on the exchange. However, there is no subsidy for COBRA. You may be getting a subsidy (from your former employer) for the retiree plan. Even if you can switch, I'd look closely at the costs and plan...
by michaeljc70
Tue Nov 06, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Frustrating issue with VG website. Need advice.
Replies: 12
Views: 1735

Re: Frustrating issue with VG website. Need advice.

Why can't I remove accounts from my own website? And why can't Vanguard do anything about it? Well, it isn't your website. It is Vanguards. Though I can see how this can be slightly annoying, it is hardly a big deal. Ignore them. They have zero balances so it is unlikely to confuse anything. My gue...
by michaeljc70
Tue Nov 06, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Frustrating issue with VG website. Need advice.
Replies: 12
Views: 1735

Re: Frustrating issue with VG website. Need advice.

Why can't I remove accounts from my own website? And why can't Vanguard do anything about it? Well, it isn't your website. It is Vanguards. Though I can see how this can be slightly annoying, it is hardly a big deal. Ignore them. They have zero balances so it is unlikely to confuse anything. My gue...
by michaeljc70
Tue Nov 06, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12694

Re: Are we in trouble?

The house in Chicago has sat on the market for too long with not enough price reductions. I have a friend that put his place (in Chicago) on the market less than 2 months ago and he has done 2 price reductions of $50k and $25k already (property priced at $750k originally). It still hasn't sold. Mos...
by michaeljc70
Tue Nov 06, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12694

Re: Are we in trouble?

The house in Chicago has sat on the market for too long with not enough price reductions. I have a friend that put his place (in Chicago) on the market less than 2 months ago and he has done 2 price reductions of $50k and $25k already (property priced at $750k originally). It still hasn't sold.
by michaeljc70
Tue Nov 06, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: WSJ: Sometimes, It’s Bonds For the Long Run
Replies: 72
Views: 5958

Re: WSJ: Sometimes, It’s Bonds For the Long Run

A lot of posts on past performance doesn't predict the future. Everyone knows that, but that doesn't mean the data is meaningless. Short that data or a crystal ball, what do you suggest we use? Gut instinct?
by michaeljc70
Tue Nov 06, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12694

Re: Are we in trouble?

You have made some sub-optimal decisions. But your 370k annual income and 900k savings means you are far from "in trouble". I agree. Going to a higher priced house in a lower cost of living area with a home unsold is risky. Your income/assets should keep it from being a disaster though. Your NW see...
by michaeljc70
Tue Nov 06, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6122

Re: Do I need more than Original Medicare?

It would be useful to see examples of the out of pocket costs with only parts A&B. For example, if you had a heart attack, diabetes, etc. I did a quick search and didn't find anything. I think the numbers would startle you if you think you don't need any other coverage. My Grandfather had a torn aor...
by michaeljc70
Tue Nov 06, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Jitterbug flip phone or alternative?
Replies: 8
Views: 1030

Re: Jitterbug flip phone or alternative?

There are apps for any Android phone that acts like a "skin" or interface and drastically simplifies it. I believe you can customize it so that it only shows the needed functions. If there is someone helping them get this setup, that could be an option and opens up the choices a lot more. Here is a...
by michaeljc70
Tue Nov 06, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: How to Encrypt a Text file?
Replies: 53
Views: 3919

Re: How to Encrypt a Text file?

I use 7-zip. You can create a batch file if you want to encrypt/decrypt a whole directory at one time. It is cross platform so I can access and decrypt the files on my phone or Chromebook too. It is a benefit to me that it works on non-text file. I sometimes take a picture (or scan) of something lik...
by michaeljc70
Tue Nov 06, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: Jitterbug flip phone or alternative?
Replies: 8
Views: 1030

Re: Jitterbug flip phone or alternative?

There are apps for any Android phone that acts like a "skin" or interface and drastically simplifies it. I believe you can customize it so that it only shows the needed functions. If there is someone helping them get this setup, that could be an option and opens up the choices a lot more. Here is a ...
by michaeljc70
Mon Nov 05, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: IRS Issues
Replies: 5
Views: 1246

Re: IRS Issues

From what I've heard, unless you do it online, you will never get those tax returns in time to get this done in 30 days. Is there someone that can get them from your Tahoe home and email/fax/mail them? Otherwise, I would unlock the credit and do it that way.
by michaeljc70
Mon Nov 05, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Becoming frugal
Replies: 81
Views: 10837

Re: Becoming frugal

I think most people are frugal or not and it is difficult to become frugal unless forced into a situation that requires it. That being said, the biggest thing I think is when you start making more and more money, keep your lifestyle/expenses the same. Or increase them at a much lower pace than your ...
by michaeljc70
Mon Nov 05, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: The "Armchair Millionaire"- the "original" 3 fund portfolio?
Replies: 9
Views: 3106

Re: The "Armchair Millionaire"- the "original" 3 fund portfolio?

In looking at the results in Portfolio Visualizer, it looks to me like the results of the all equity portfolio were slightly better with much more risk.
by michaeljc70
Mon Nov 05, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: Neighbor wants to buy house out of blue but wants us to come up with offer
Replies: 31
Views: 5286

Re: Neighbor wants to buy house out of blue but wants us to come up with offer

Putting an offer on you makes it not really an offer. My guess is it means if you throw out a low enough price, he might take it. You could get an appraisal and tell them that price and give him a copy of the appraisal. I guess you could always start higher if you think they might go for it and come...
by michaeljc70
Mon Nov 05, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Using drug discount coupons affecting deductible?
Replies: 26
Views: 1590

Re: Using drug discount coupons affecting deductible?

My drug manufacturer gets around the primary/secondary issue by issuing Mastercard debit cards to participants in its co-pay assistance plan. So the card is not run as insurance at all. It is run as a credit card (pin-less debit) by the pharmacy. It is, essentially, a gift to patients to assist the...
by michaeljc70
Mon Nov 05, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Using drug discount coupons affecting deductible?
Replies: 26
Views: 1590

Re: Using drug discount coupons affecting deductible?

The company I have a co-pay card from also offers a card for people that don't have insurance. They are two different things and cannot be interchanged. The co-pay card can only be run through as secondary coverage while the other can only be run through as primary.
by michaeljc70
Sun Nov 04, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: How much does a car need to be driven?
Replies: 43
Views: 3609

Re: How much does a car need to be driven?

You can get a portable jump-pack to jump it yourself, or a charger/jumpstarter if you are close to an outlet. I just throw one in the trunk for long trips in case I run into problems. The jump-pack is about $50-60 at wallmart. The charger is cheaper, but needs an outlet. The jump pack also has USB ...
by michaeljc70
Sun Nov 04, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Using drug discount coupons affecting deductible?
Replies: 26
Views: 1590

Re: Using drug discount coupons affecting deductible?

Now the second type is a copay assistance or coupon card. These are generally direct from the manufacturer and are processed secondary to your insurance. We run them the same way we would if you had indidual coverage and family coverage from your spouse. Bill primary insurance then bill copay card ...
by michaeljc70
Sun Nov 04, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: Target Red Card Auto-Pay Deceit Warning
Replies: 19
Views: 1719

Re: Target Red Card Auto-Pay Deceit Warning

It probably makes more sense for it to work as you say. However, I don't see it working different as deceitful unless their terms specifically said it would work another way. A lot of companies do things differently than I'd like, but I don't go around slandering them.
by michaeljc70
Sun Nov 04, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: TDA ATM rebate - US only?
Replies: 7
Views: 498

Re: TDA ATM rebate - US only?

The Chase debit card is pretty terrible for atm even inside the US unless you're Sapphire banking or Private Client status. Where I live, there are more Chase branches/ATMs than any other bank by far. If I can't use a Chase ATM, I use the TDA debit because otherwise you get whacked on ATM fee with ...
by michaeljc70
Sat Nov 03, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Target Red Card Auto-Pay Deceit Warning
Replies: 19
Views: 1719

Re: Target Red Card Auto-Pay Deceit Warning

Say you owe $500 and minimum pmt is $30 and have auto-pay for the minimum. Then you pay $100 before the payment date. What do they do? Take the $100 only? The $100 and the $30? That is why they decided on a rule. It isn't always clear. How about this use case: You owe $500 and have auto-pay to pay ...
by michaeljc70
Sat Nov 03, 2018 9:35 pm
Forum: Personal Consumer Issues
Topic: TDA ATM rebate - US only?
Replies: 7
Views: 498

Re: TDA ATM rebate - US only?

Thanks for the responses. It sounds like the TDA is the better bet. I have a Chase Ink Business with no foreign transaction fees for credit purchases. I hope I don't have issues. Last year in Europe several of my ATM/credit cards had problems.
by michaeljc70
Sat Nov 03, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: Target Red Card Auto-Pay Deceit Warning
Replies: 19
Views: 1719

Re: Target Red Card Auto-Pay Deceit Warning

Though I can see this as annoying, how much are we talking here? $27 applied to next month? You are not losing the money. It is applied to the account. Further, if you forget to pay the minimum (which is the reason you stated for setting this up), I'd be more concerned about the interest charges on...
by michaeljc70
Sat Nov 03, 2018 9:19 pm
Forum: Personal Consumer Issues
Topic: Target Red Card Auto-Pay Deceit Warning
Replies: 19
Views: 1719

Re: Target Red Card Auto-Pay Deceit Warning

Can anyone explain why one would sign up for auto-pay, then make manual payments before the auto-pay date? That's what I was thinking. My guess is that it is so if you forget to make a payment, you don't get hit with late fees. Of course, you get hit with interest charges.....Better to put it on yo...
by michaeljc70
Sat Nov 03, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Using drug discount coupons affecting deductible?
Replies: 26
Views: 1590

Re: Using drug discount coupons affecting deductible?

I have a friend that uses a co-pay card (from the drug maker) that is good for ~$7500 a year for one drug. Basically, it covers his annual deductible without him paying a penny. I can see why the insurance companies don't like this. Technically, he hasn't paid anything out of pocket (it was paid by ...
by michaeljc70
Sat Nov 03, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Do You Backup Your Phone Locally? How?
Replies: 17
Views: 945

Re: IT Help Needed: Best Way to Backup a Phone?

What specifically are you worried about? If someone where to get my photos or contact or emails or texts that I didn't know, I wouldn't go crazy. It is mostly garbage. To me, that is less important than my SSN, banking information, investment account info, etc. I don't know! I'd just rather not hav...
by michaeljc70
Sat Nov 03, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: Do You Backup Your Phone Locally? How?
Replies: 17
Views: 945

Re: IT Help Needed: Best Way to Backup a Phone?

What specifically are you worried about? If someone where to get my photos or contact or emails or texts that I didn't know, I wouldn't go crazy. It is mostly garbage. To me, that is less important than my SSN, banking information, investment account info, etc.
by michaeljc70
Sat Nov 03, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: Argentina Trip Over Winter Break
Replies: 20
Views: 1642

Re: Argentina Trip Over Winter Break

Is it difficult to travel in Argentina if you only speak English? Not particularly. I think more rural areas would be tougher. In Buenos Aires or other tourist areas, I would say it is on par with some European countries that are not great at English (so, not like Scandinavia, Germany, etc). All th...
by michaeljc70
Sat Nov 03, 2018 6:09 pm
Forum: Personal Consumer Issues
Topic: Target Red Card Auto-Pay Deceit Warning
Replies: 19
Views: 1719

Re: Target Red Card Auto-Pay Deceit Warning

Though I can see this as annoying, how much are we talking here? $27 applied to next month? You are not losing the money. It is applied to the account. Further, if you forget to pay the minimum (which is the reason you stated for setting this up), I'd be more concerned about the interest charges on ...
by michaeljc70
Sat Nov 03, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1771

Re: Credit card Surcharges

This kind of thing will drive you crazy if you let it. 4% on $148 is $6 and that’s exactly how much brain space this should take up for you. Pay on a card that gives you rewards and forget about it. Or if you can’t manage that, call the shop, ask for the bill amount, cash a check at your bank on th...
by michaeljc70
Sat Nov 03, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: Do You Backup Your Phone Locally? How?
Replies: 17
Views: 945

Re: IT Help Needed: Best Way to Backup a Phone?

I know you said you were worried about privacy issues, but I just save all my contacts to my google account. I've switched phones and reset phones several times over the past few years, and I never have to worry about my contacts. Exactly. I got a new Android phone 2 weeks ago. All my apps installe...
by michaeljc70
Sat Nov 03, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: How low can BND go?
Replies: 65
Views: 7707

Re: How low can BND go?

if historically intermediate term bonds have been around 4.93% (source: https://www.mindfullyinvesting.com/articles/6-what-to-invest-in/6-1-historical-returns-and-risks/) and they're currently at 3.22%...then what does that tell you about whether BND can continue to go lower? Hint: there's an inver...
by michaeljc70
Sat Nov 03, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: How low can BND go?
Replies: 65
Views: 7707

Re: How low can BND go?

if historically intermediate term bonds have been around 4.93% (source: https://www.mindfullyinvesting.com/articles/6-what-to-invest-in/6-1-historical-returns-and-risks/) and they're currently at 3.22%...then what does that tell you about whether BND can continue to go lower? Hint: there's an inver...
by michaeljc70
Sat Nov 03, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: How low can BND go?
Replies: 65
Views: 7707

Re: How low can BND go?

Since July 2016 BND total return has been -2% nominal and -6.4% real. That's consistent with the fund duration and intermediate term interest rate increases since them. What the future holds is unknown but the 35-year bull market in bonds (1981-July 2016) has resulted in most current investors havi...
by michaeljc70
Sat Nov 03, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Who should I believe?
Replies: 48
Views: 7549

Re: Who should I believe?

For me, 1/3 in bonds in mid-40s is a bit high if you plan on retiring in your 60s. If you are quite risk averse, then it would be a reasonable level. I would maybe consider making the bonds more international. The yields on Gilts now is pretty sad. I think your original plan of 1/3 amongst bonds, UK...
by michaeljc70
Sat Nov 03, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: How low can BND go?
Replies: 65
Views: 7707

Re: How low can BND go?

Since July 2016 BND total return has been -2% nominal and -6.4% real. That's consistent with the fund duration and intermediate term interest rate increases since them. What the future holds is unknown but the 35-year bull market in bonds (1981-July 2016) has resulted in most current investors havi...
by michaeljc70
Sat Nov 03, 2018 8:31 am
Forum: Investing - Theory, News & General
Topic: How low can BND go?
Replies: 65
Views: 7707

Re: How low can BND go?

With the US economy doing so well I’m assuming we can expect the interest rates to continue to rise. Just wondering how low this can push the total bond market? Total Bond index has a duration of around 6. A 1% increase in rates means a 6% drop. How high do you think rates will go? It is unanticipa...
by michaeljc70
Fri Nov 02, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4143

Re: 45% increase in marketplace insurance

+1. I was on an employer plan for part of the year and ACA for part of the year. Even the best, most expensive plan on the exchange doesn't include any of the top hospitals here. Yep. That’s why I’d argue that it is kind of meaningless in some markets to compare the ACA Exchange plan premiums and c...
by michaeljc70
Fri Nov 02, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: How low can BND go?
Replies: 65
Views: 7707

Re: How low can BND go?

The increase for Dec is baked into BND, so I wouldn't expect any major impact unless their guidance changes. I somewhat agree with this statement, but since the fed came up with their dot plot over a year and a half ago, an investor who put their fixed income into an online savings account has outp...
by michaeljc70
Fri Nov 02, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: TDA ATM rebate - US only?
Replies: 7
Views: 498

TDA ATM rebate - US only?

When I opened my account (and look at the online features) it states that ATM fees are reimbursed in the US. That sounds like out of the country you are out of luck. I was debating if in Europe next week my TDA debit card had any advantage to my Chase debit card. Can anyone confirm the TDA debit car...
by michaeljc70
Fri Nov 02, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Using drug discount coupons affecting deductible?
Replies: 26
Views: 1590

Re: Using drug discount coupons affecting deductible?

So insurers have started "copay accumulator programs". Here's a link. http://www.latimes.com/business/lazarus/la-fi-lazarus-healthcare-copay-accumulators-20180427-story.html I personally it is a fair program. It just means the amount of the coupon cannot reduce your deductible only the amount you a...