Search found 2198 matches

by michaeljc70
Sat Feb 17, 2018 9:25 pm
Forum: Personal Consumer Issues
Topic: Good brands for Kitchenware?
Replies: 33
Views: 2240

Re: Good brands for Kitchenware?

I've had a few All Clad pots and they are good. I guess considered the gold standard. Overpriced in my opinion. I would look for a triply set or individual pieces of cookware. The things with discs attached to the bottom are junk. I have a set I bought over 20 years ago on HSN by Wolfgang Puck. They...
by michaeljc70
Sat Feb 17, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: Used Chevy Volt - Which year should I look at?
Replies: 33
Views: 2426

Re: Used Chevy Volt - Which year should I look at?

I didn't read all the posts, but I just saw an article this week on the top 10 quickly depreciating cars. The Volt was on the list. So, I guess that can be good or bad depending on your perspective. The reason for the quickly depreciating Volt is because the original owner got the $7500 federal tax...
by michaeljc70
Sat Feb 17, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Recurring charges after compromised card
Replies: 8
Views: 483

Re: Recurring charges after compromised card

I wouldn't trust. After the first time that happened to us i started a document that lists every reoccurring payment on my credit card. And there are a TON because we try to pay everything possible with a credit card. The second time it was much easier to deal with everything! Our number seems to g...
by michaeljc70
Sat Feb 17, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Recurring charges after compromised card
Replies: 8
Views: 483

Re: Recurring charges after compromised card

When this happens I update everything. Occasionally I miss something and the charger sends me an email saying a charge failed. I don't think an automatic charge to the old number has ever been honored. However, the post above has reminded me that the last time this happened, a refund to the old num...
by michaeljc70
Sat Feb 17, 2018 11:35 am
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5749

Re: Amazon Alternative

I recently had an interesting shopping experience with Amazon. I shopped for pants and found what I was looking for including positive reviews and a price of $34.99 with free shipping. I placed the order. Then the first peculiar thing that happened was that I received an email from Costco stating t...
by michaeljc70
Sat Feb 17, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: Recurring charges after compromised card
Replies: 8
Views: 483

Recurring charges after compromised card

I had some unauthorized charges on my Mastercard and they issued me a new card with a new card number. I know that companies for which you have set up recurring charges (autopays) can use a service to get this new number. According to what I was told by a credit card company previously (Amex), somet...
by michaeljc70
Fri Feb 16, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5749

Re: Amazon Alternative

Support your local economy. Shop at your local bricks and mortar stores. Keep your Main Street strong. I refuse to use amazon. Amazon reportedly has 480 million products. Where I live, most of those products cannot be bought at Mom and Pop local stores. I live in a big city. Beyond service business...
by michaeljc70
Fri Feb 16, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16602

Re: Number at which to stop worrying

Worrying doesn't help. I don't see why you need to worry if your savings are growing, you are still working and staying well above water.
by michaeljc70
Thu Feb 15, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 58
Views: 4964

Re: Potential employer wants me to give offer - how to respond?

They asked you what it would take. We can't tell you what you would take. You don't need the job. In fact, it sounds like money would be the only reason to move. So tell them what it would take. Aim high- you have nothing to lose. There is always risk in changing jobs. Why play around? If you try so...
by michaeljc70
Thu Feb 15, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: Used Chevy Volt - Which year should I look at?
Replies: 33
Views: 2426

Re: Used Chevy Volt - Which year should I look at?

I didn't read all the posts, but I just saw an article this week on the top 10 quickly depreciating cars. The Volt was on the list. So, I guess that can be good or bad depending on your perspective.
by michaeljc70
Wed Feb 14, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Is This Action by Megacorp Legal?
Replies: 64
Views: 3624

Re: Is This Action by Megacorp Legal?

Another reason I would never leave my 401k at an employer. Which confuses me even further. The OP said that his friend had rolled over his 401k to the same investment firm that holds his TIRA. Why would his employer have anything to do with the rolled over 401k? Am I missing something? Yes, that is...
by michaeljc70
Wed Feb 14, 2018 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Is This Action by Megacorp Legal?
Replies: 64
Views: 3624

Re: Is This Action by Megacorp Legal?

Another reason I would never leave my 401k at an employer.
by michaeljc70
Tue Feb 13, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 286
Views: 19364

Re: I bought a stock today - Redfin (RDFN)

Surely this thread has run its course at this point, so I wanted to get in before the lock...As a service to new forum goers, it would be a real shame if they started seeing threads here on a regular basis about individual stocks. It really does go against the teachings of John Bogle our patron sai...
by michaeljc70
Tue Feb 13, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 286
Views: 19364

Re: I bought a stock today - Redfin (RDFN)

Honest question: what was so compelling about the price you paid today that made it irresistible for you to devote 20% of your portfolio to RDFN? Do you think people are missing something, or do you think the future prospects are so bright that it is a good deal at almost any price? You mentioned t...
by michaeljc70
Tue Feb 13, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: "Laid off, choices re 401k loan and rollover - Help Requested"
Replies: 17
Views: 1363

Re: "Laid off, choices re 401k loan and rollover - Help Requested"

Just leave the 401k where it is unless fees are high When you get your next job, roll the old 401k into He new Your investment options will be more limited in a company 401k (unless they have a self-directed brokerage) and chances are the fees will be higher. I'd transfer it to one of the big compa...
by michaeljc70
Tue Feb 13, 2018 12:28 am
Forum: Investing - Help with Personal Investments
Topic: Why not just do CDs and skip bonds?
Replies: 37
Views: 6932

Re: Why not just do CDs and skip bonds?

CDs are less diverse (generally) and have lower returns. They are also less liquid (without penalty). Something like the Total Bond (BND) holds a variety of maturities, credit ratings and also corporate bonds. CDs didn't return more than 5% like BND in 2008-2011.
by michaeljc70
Mon Feb 12, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Auto loan teaser rates lower than mortgage rates - arbitrage opportunity?
Replies: 13
Views: 909

Re: Auto loan teaser rates lower than mortgage rates - arbitrage opportunity?

I’ve never heard of a bank allowing someone to cash out the equity on a car. Seems like a risky proposition for all involved parties, being that cars are generally a depreciating asset. You can do this as long as the car is not too old. The real question is why? Such a hassle for $300/yr. This
by michaeljc70
Mon Feb 12, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: "Laid off, choices re 401k loan and rollover - Help Requested"
Replies: 17
Views: 1363

Re: "Laid off, choices re 401k loan and rollover - Help Requested"

Any portion of your 401k that is pre-tax (most 401k are this type) should be rolled over to a traditional IRA Any portion of your 401k that is a Roth 401k should be rolled over to a Roth IRA To elaborate, if you moved (converted) the pre-tax 401k to the Roth, you would have to pay taxes on it. Some...
by michaeljc70
Mon Feb 12, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: 4% rule and early retirement?
Replies: 69
Views: 8219

Re: 4% rule and early retirement?

Most people that retire early can take into account that at some point they are going to get additional income from social security. This can help a little or a lot depending on your expenses (if your expenses are $200k, social security is not going to make much of a dent). Also, you will most likel...
by michaeljc70
Mon Feb 12, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: I’m not renewing my Costco membership.
Replies: 80
Views: 7095

Re: I’m not renewing my Costco membership.

Everyone has to make their own decision. The amount of money that we save even on a few items like baby formula, dog food, gas, more than makes up for the annual fee. That's how I view it. I live a mile from a Costco and save more than the $60 membership fee on gas a year. I also enjoy walking the ...
by michaeljc70
Sun Feb 11, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Home buying: how to send postcards to neighborhood we want to live in?
Replies: 38
Views: 3739

Re: Home buying: how to send postcards to neighborhood we want to live in?

I’d like to prospect our target neighborhood with a nice photo postcard of our family that introduces us and politely asks if they’re thinking of selling. We occasionally get letters like that and I just assume that they are from a flipper looking to lowball people. Our large subdivision has a bull...
by michaeljc70
Sun Feb 11, 2018 9:53 pm
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6392

Re: Does it ever make sense to buy a new car?

I would also differentiate between safety features like construction (crumple zones) and airbags vs. things that attempt to correct for bad driving, distracted driving or driver error like lane departure, blind spot monitoring, etc. In other words, safety features that protect you in a crash versus...
by michaeljc70
Sun Feb 11, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6392

Re: Does it ever make sense to buy a new car?

I would also differentiate between safety features like construction (crumple zones) and airbags vs. things that attempt to correct for bad driving, distracted driving or driver error like lane departure, blind spot monitoring, etc. In other words, safety features that protect you in a crash versus ...
by michaeljc70
Sun Feb 11, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 4703

Re: Family expecting “comps”

It seems not having a real policy has caused confusion. Sometimes you give them extra stuff, sometimes a discount, etc. I would just make it a straight % off that they (you can define they) get every time so there won't be any confusion and every family member gets the same discount.
by michaeljc70
Sun Feb 11, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 278
Views: 39366

Re: Selling all equities, discuss why I'm wrong. :)

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch
by michaeljc70
Sun Feb 11, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Do you think it is worth the money to travel to warm weather destinations during the winter?
Replies: 77
Views: 6350

Re: Do you think it is worth the money to travel to warm weather destinations during the winter?

Personally, living in a place that gets very cold in the winter, I view it as a waste traveling to warm weather (beachy) places when it is warm where I live. There are exceptions if it more of a cultural/site seeing trip. But when it comes to beach/pool kind of vacations, I go to escape the cold. Wh...
by michaeljc70
Sat Feb 10, 2018 10:35 pm
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6392

Re: Does it ever make sense to buy a new car?

Another "help me justify buying a new car thread". If you want a new car and can afford one, buy one. Have safety features drastically changed since 2015? When you do have kids, won't they have changed again then? Yes safety has changed a ton since 2015. AEB, blind spot monitoring, lane keeping and...
by michaeljc70
Sat Feb 10, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6597

Re: Day trading for a living/career?

I know someone that seemingly makes their living day trading from home. I say seemingly in that his Father is rich and owned an investment company, so if he lost all his money, he would have a backup plan/money. I've never asked (as I thought it would be rude) if he gets money from his parents or en...
by michaeljc70
Sat Feb 10, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6392

Re: Does it ever make sense to buy a new car?

Another "help me justify buying a new car thread". If you want a new car and can afford one, buy one. Have safety features drastically changed since 2015? When you do have kids, won't they have changed again then?
by michaeljc70
Sat Feb 10, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 57
Views: 4738

Re: What backup service to use?

Online, my photos are in Google Photos. My music is in Google Music. Everything else I use OneDrive. I got in the habit long ago of keeping all my data in one folder (with subfolders of course). This makes it very easy to backup. Since this doesn't include most media (music/photos), it doesn't take ...
by michaeljc70
Sat Feb 10, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 278
Views: 39366

Re: Selling all equities, discuss why I'm wrong. :)

I imagine that around at PE/10 of 20 I'd resume my normal equity allocation, but I'm not totally sure. So at least another 30% drop from these levels. I wouldn't hold my breath. 30% drop in PE ratio could still mean a rising market if earnings outpace price. Too much thinking for me. True. It could...
by michaeljc70
Sat Feb 10, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 278
Views: 39366

Re: Selling all equities, discuss why I'm wrong. :)

Calais wrote:
Sat Feb 10, 2018 3:23 pm
I imagine that around at PE/10 of 20 I'd resume my normal equity allocation, but I'm not totally sure.
So at least another 30% drop from these levels. I wouldn't hold my breath.
by michaeljc70
Sat Feb 10, 2018 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 13514

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

If my living costs were covered by a pension, I'd do exactly what you are doing. I will receive no pension (or SS for many years) and plan on being 70/30 when I retire at around 50-52 in a few years.
by michaeljc70
Sat Feb 10, 2018 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Help with understanding Bonds
Replies: 5
Views: 506

Re: Help with understanding Bonds

Bonds tend to go down in value when interest rates rise more than what is anticipated by the market. In that way, they act like stocks. A company that has its best quarter ever may actually have its stock go down after the earnings announcement. Why? Because they earned less than was anticipated , r...
by michaeljc70
Fri Feb 09, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Discuss Starting Time when You Get a Job Offer
Replies: 29
Views: 2148

Re: How Do You Discuss Starting Time when You Get a Job Offer

I am surprised to see the variability of starting and exit time from this thread https://www.bogleheads.org/forum/viewtopic.php?f=11&t=240906&newpost=3772343 For those who start their time in unusual starting time (say before 7 am or after 8:30am) or exit early before 4:30pm, how do you go about to...
by michaeljc70
Fri Feb 09, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 8608

Re: Tenants want to break lease early and is pregnant

If they gave you ample notice and you are able to rent it I would not penalize them. When I bought my first place, it was not really possible to time finding and closing on a place with my lease. My landlord had me pay for an ad to advertise it. He handled all the calls/screening and gave me my depo...
by michaeljc70
Fri Feb 09, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Should having a brand new roof lower home insurance premium?
Replies: 26
Views: 1144

Re: Should having a brand new roof lower home insurance premium?

I have Progressive and you don't get a discount for a new roof per se, but I was paying more because I had an old roof. When I had it replaced, I sent them the proof and they took the surcharge away. Oddly enough, I was/am getting a "new construction" discount but was paying for an old roof (place i...
by michaeljc70
Thu Feb 08, 2018 11:24 pm
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 278
Views: 39366

Re: Selling all equities, discuss why I'm wrong. :)

Do you intend to get back into equities? What is your plan? Is there a level you will get back in? 100%?
by michaeljc70
Thu Feb 08, 2018 10:50 pm
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 278
Views: 39366

Re: Selling all equities, discuss why I'm wrong. :)

An update in this market turbulence. I'm still worse off than staying in vanguard life strategy growth, but I'm still 0% equities and plan to stay that way for a bit. Since I exited the market in Sep 2015, (over two years ago already?!): Vanguard life strategy growth: +30% (including reinvested div...
by michaeljc70
Thu Feb 08, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5749

Re: Amazon Alternative

Once you pay for Prime, it is hard to order from other places. That was the genius of Bezos. Even when I don't need something for a week or month, you get used to "needing" everything in 2 days. Though I occasionally order from other sites (Newegg, eBay, Target, Costco, etc.), Amazon is my go to.
by michaeljc70
Thu Feb 08, 2018 10:13 pm
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5749

Re: Amazon Alternative

I don't know if its a function of more automation and kinks being worked out, or other issues, but packaging from Amazon has been horrendous for me as well - sometimes beyond comical. Beyond some items taking days longer to arrive, some recent examples - a small item, about the size of a pack of pl...
by michaeljc70
Thu Feb 08, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: TDAmeritrade portfolio options
Replies: 5
Views: 408

Re: TDAmeritrade portfolio options

If you want to use the commission-free ETFs, then 1. Sign up for that feature (although it may be automatic now, you had better check.) 2. A so-called 3-fund portfolio can be made from reading this: https://www.bogleheads.org/wiki/TD_Ameritrade That's the best advice. The thing that surprised me (I...
by michaeljc70
Thu Feb 08, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Really simple tax question
Replies: 14
Views: 1340

Re: Really simple tax question

livesoft wrote:
Thu Feb 08, 2018 7:38 pm
michaeljc70 wrote:
Thu Feb 08, 2018 7:32 pm
How are you deducting health insurance premiums?
Our employers used Section 125 plans, so these become before-tax deductions from a paycheck.
Okay. Otherwise they aren't deductible (unless you itemize and meet the threshold).
by michaeljc70
Thu Feb 08, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 3750

Re: HSA...let me get this straight

This is the first year we have an HSA. We are in our mid- and late- 50s. So, for any medical claims/bills, if we want to, we can pay out of pocket. Then, at a later date, several years down the road, we can be reimbursed for those medical expenses we are currently incurring today/this year/next yea...
by michaeljc70
Thu Feb 08, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 3750

Re: HSA...let me get this straight

I am of similar age to the OP and in my 2nd year of an HSA. I plan to have @ $60K (plus gains) in my HSA in 7-8 years. I may use it to pay insurance premiums between 60-65 and/or other medical needs I might have when I "retire". I am taking advantage of the company match of $2K a year, like I do wi...
by michaeljc70
Thu Feb 08, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Really simple tax question
Replies: 14
Views: 1340

Re: Really simple tax question

How are you deducting health insurance premiums?
by michaeljc70
Thu Feb 08, 2018 5:21 pm
Forum: Personal Consumer Issues
Topic: Brokerage sweep fund- not worth the trouble
Replies: 5
Views: 578

Brokerage sweep fund- not worth the trouble

It seems just about every brokerage account takes any cash in your account and automatically sweeps it into a MM or similar fund. I see the appeal. However, I generally keep very little cash in my brokerage accounts. I use Quicken to keep track of my finances. I get these transactions of 6 and 13 ce...
by michaeljc70
Thu Feb 08, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have to pay taxes on a bank checking account bonus?
Replies: 16
Views: 1599

Re: Do I have to pay taxes on a bank checking account bonus?

Earl Lemongrab wrote:
Thu Feb 08, 2018 4:32 pm
They aren't required to send a 1099 unless it's $600 or more. Some still will. You owe the tax regardless.
A 1099-int needs to be sent if it is $10 or more. That is what I have gotten for deposit account bonuses.
by michaeljc70
Thu Feb 08, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on managing healthcare costs
Replies: 27
Views: 1331

Re: Advice on managing healthcare costs

Do you own research as well, but ANYONE can open an HSA. You can only CONTRIBUTE to an HSA if your have a "high deductible health plan" (HDHP). Look up the standards but from what I can see, it's minimum $1300 for individual deductible and $2600 for family coverage. Then it's "high deductible." Onc...
by michaeljc70
Thu Feb 08, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 232
Views: 14750

Re: free dinner investing seminar

My Grandparents used to go to these type of things all the time. They never bought anything. If you are bored and want a free dinner and can resist the sales pitch, I see no problem with it. By not selling anything do they mean a product or products and services? I can see them offering financial pl...