Search found 3309 matches

by michaeljc70
Thu Sep 20, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Android podcast app that remembers where you are in podcast?
Replies: 15
Views: 521

Re: Android podcast app that remembers where you are in podcast?

Google Play Music (which is standard on just about every Android phone/device) remembers your location and syncs among all devices. If I go to the web interface on my laptop, it picks up where I left off in a podcast I started on my phone. I find almost all my podcasts are on there, but not all of t...
by michaeljc70
Thu Sep 20, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 142
Views: 9743

Re: Age in Bonds - Still Recommended?

I guess I'm the only one on this forum who doesn't care about AA. I keep 10 years worth of annual expenses in bonds, CDs, money market, and savings, and the rest is in stock regardless of the %. TravelforFun You are just expressing it in a different way. If using the 4% rule, roughly you'd have 25 ...
by michaeljc70
Thu Sep 20, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: auto/home insurance rates
Replies: 12
Views: 922

Re: auto/home insurance rates

Some insurance companies give you a new customer discount (labelled different ways) to make their rates appear cheaper than other companies and get you to switch to them. Eventually, the discount drops off and your rate is higher. Of course, there are regular rate increases too. Then the multi-polic...
by michaeljc70
Thu Sep 20, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 75
Views: 2613

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

I'm not sure why buying a car for thousands over the market value is even an option.
by michaeljc70
Thu Sep 20, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 48
Views: 3911

Re: Don't trust Tripadvisor reviews

Not sure when people will realize this but most reviews online are fake. It’s a huge business, especially on Amazon. Go look at a site like Trustpilot, businesses pay them to contact their “customers” to solicit positive reviews. Companies end up competing in ranking wars just like SEO wars. Whatev...
by michaeljc70
Thu Sep 20, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 46
Views: 5679

Re: Chase Bank is the Devil

Is it possible to export to CSV and then import into QB? That would get around it although obviously with a little extra work. Yes. At least on my account. I see 4 different Quicken/Quickbook formats to choose from. You have to log into the website, but since the OP is doing it 2x a week this might...
by michaeljc70
Wed Sep 19, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 46
Views: 5679

Re: Chase Bank is the Devil

I manually enter my CC transactions into my own XLS log. I don't trust QuickBooks or any other software to keep track of my expenses. As for Chase, my Chase credit card bonuses have already paid for several trips to Europe and will pay for many more. If Chase Bank is the Devil, I am a Devil Worship...
by michaeljc70
Wed Sep 19, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 46
Views: 5679

Re: Chase Bank is the Devil

I manually enter my CC transactions into my own XLS log. I don't trust QuickBooks or any other software to keep track of my expenses. As for Chase, my Chase credit card bonuses have already paid for several trips to Europe and will pay for many more. If Chase Bank is the Devil, I am a Devil Worship...
by michaeljc70
Wed Sep 19, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Long term stays/vacations
Replies: 11
Views: 1443

Re: Long term stays/vacations

I have considered it. However, unless you need a huge amount of luggage that needs storing, it seems like you are just paying for a place you won't be at all the time. I guess what could tilt it in your favor is if the longer you rent it for the bigger the discount you get (which is often the case)....
by michaeljc70
Wed Sep 19, 2018 5:45 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 203
Views: 12573

Re: What is your single most expensive mistake?

For all of you who are I assume in index funds now saying selling AAPL, NFLX, or whatever other individual stock that took off, is that really a mistake? By that logic, couldn't not-buying yesterday's winning lottery ticket be considered a mistake? Edward Jones, for me Well, a lost opportunity to m...
by michaeljc70
Wed Sep 19, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 7927

Re: Can Sneakers go with Business Casual?

BH is a fine place for clothing advice. It is the worst place for fashion advice! Can you say why please? Thanks. I didn't make the comment, but frugality and fashion don't always go hand and hand. I also remember a thread about travel and packing and was surprised how many people bring those trave...
by michaeljc70
Wed Sep 19, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 203
Views: 12573

Re: What is your single most expensive mistake?

It has to be one of those stocks/ETFs that I was sure was going to go up. When it went down that was an opportunity to buy more at a great price. Multiple times. I lost over $40k around 2010-2015 because I was sure interest rates were going up. But there were many other episodes with individual stoc...
by michaeljc70
Tue Sep 18, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 80
Views: 5701

Re: Leasing Cars in Retirement

I didn't quote any response to get in the middle, but I would venture to say that among non-Bogleheads, most people entering leases couldn't identify the interest rate or many other key figures in their lease. They know what they have to put down, the payment, and the number of months. The three mo...
by michaeljc70
Tue Sep 18, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 80
Views: 5701

Re: Leasing Cars in Retirement

I didn't quote any response to get in the middle, but I would venture to say that among non-Bogleheads, most people entering leases couldn't identify the interest rate or many other key figures in their lease. They know what they have to put down, the payment, and the number of months.
by michaeljc70
Tue Sep 18, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 80
Views: 5701

Re: Leasing Cars in Retirement

Why would a lender approve a loan for an unemployed retiree? Because said retiree has non-wage income, such as from 401k's, IRA's, social security, and rental properties. Yes, but if they are trying to limit withdrawals due to taxes, they may not have the reported income to support the loan. It was...
by michaeljc70
Tue Sep 18, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 46
Views: 5679

Re: Chase Bank is the Devil

I manually enter my CC transactions into my own XLS log. I don't trust QuickBooks or any other software to keep track of my expenses. As for Chase, my Chase credit card bonuses have already paid for several trips to Europe and will pay for many more. If Chase Bank is the Devil, I am a Devil Worship...
by michaeljc70
Tue Sep 18, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 46
Views: 5679

Re: Chase Bank is the Devil

I had a very poor and unfair experience with Chase 20 years ago. I made sure I quit them loudly and distinctly at a local branch, promising to never do business with them again in any capacity. I kept my word and have since advised many people in the ensuing 20 years, not to do business with them e...
by michaeljc70
Tue Sep 18, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 46
Views: 5679

Re: Chase Bank is the Devil

When it comes to the "big" banks, you could find thousands of people that would say "Can you believe big bank did X to me? I would never bank at big bank again." Thinking there is a perfect bank (or any big company really for that matter) is probably a fool's errand. Sometimes we dump companies beca...
by michaeljc70
Tue Sep 18, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: Consumer Issue - Storage Unit Rental
Replies: 14
Views: 1086

Re: Consumer Issue - Storage Unit Rental

Raising rents on storage units is a very common way for them to make a lot of money. Typically, they offer a very low rate for x months. They know you don't want to find/rent a truck and get people to help you move stuff and take advantage of that. As to your particular situation, I would just drop ...
by michaeljc70
Tue Sep 18, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank is the Devil
Replies: 46
Views: 5679

Re: Chase Bank is the Devil

Interesting. Quicken has been giving me errors for weeks on my Chase Ink Business card and I didn't know why. I don't need the card (got it mainly for the bonus) and will just close it.

On top of that, I find it very annoying that I cannot link it to my Chase ID I use for personal accounts.
by michaeljc70
Tue Sep 18, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 80
Views: 5701

Re: Leasing Cars in Retirement

I recently bought a boat by "triggering a taxable event." In my case I had funds specifically earmarked for a purchase such as this (car, truck, boat, etc.) So I'd have to ask you - if you're not willing to spend the money on a car, then what else are you using that money for? Put it this way - lea...
by michaeljc70
Tue Sep 18, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 80
Views: 5701

Re: Leasing Cars in Retirement

Op here.....keywords are IN RETIREMENT. All purchases in our case would trigger a large taxable event, looking at how leasing might offset that or not...... Are you selling stocks? How long do you plan to keep your cars? How many miles do you drive a year? Isn't leasing just delaying the taxes? Is ...
by michaeljc70
Tue Sep 18, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3245

Re: Equity in house / Do you use it?

greg24 wrote:
Tue Sep 18, 2018 12:20 pm
Do you do anything with the equity you've built up in mutual funds? Do you take a margin loan?
You just withdraw the money from a fund to spend it. Not as easy to do with a home. Not the same thing IMO.
by michaeljc70
Tue Sep 18, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9879

Re: Massive Student Loan Debt - Fiancee

It seems to me that you're quick to penalize her for taking out student loans, for which she likely had no choice,... Um, no. She had a choice, we all have choices. I'm not saying she made a bad choice or a good choice, but she did make a choice, and choices have consequences. Yes. Of course you ha...
by michaeljc70
Tue Sep 18, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3245

Re: Equity in house / Do you use it?

Getting a HELOC while retired may not be as easy as people think. You would have to show sufficient income to pay back the loan. If you haven't been taking RMDs, money out of tax deferred accounts that counts as income and/or get sufficient pension/social security you may not qualify. Those are inco...
by michaeljc70
Tue Sep 18, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Tesla Refund
Replies: 19
Views: 2277

Re: Tesla Refund

eye.surgeon wrote:
Tue Sep 18, 2018 10:34 am
Sounds like as much a Paypal problem as a Tesla problem.
It took 6 months to figure out an alternate payment method or figure out the problem? :shock:
by michaeljc70
Tue Sep 18, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Inexpensive source for greeting cards?
Replies: 27
Views: 1465

Re: Inexpensive source for greeting cards?

Aldi's (new item), Trader Joes, Party City, Dollar Tree. Costco has a box of Hallmark cards once in a while for a variety of events that are really nice and cheap (but they don't have writing (sayings) inside). The cards have nice embellishments (for lack of a better word) and look expensive. They h...
by michaeljc70
Tue Sep 18, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Need help in solving Tenant landlord issue
Replies: 26
Views: 2272

Re: Need help in solving Tenant landlord issue

I think paying a lawyer a few hundred bucks to send a letter (disputing all these charges and threatening legal action) might give you the most bang for your buck. Court is time consuming and can be costly and can quickly turn into a he said she said situation.
by michaeljc70
Tue Sep 18, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 80
Views: 5701

Re: Leasing Cars in Retirement

Isn't leasing just delaying the taxes? You still have to have the money down (I know sometimes you can get none down, but payments are higher). You still have to make the payments. If you buy and sell after 3 years (or trade in), the residual value is money you don't have to take out of savings. I r...
by michaeljc70
Tue Sep 18, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6631

Re: Is there such thing as saving TOO much?

I am in a situation where my bills are relatively low. (Single, no kids). I live a pretty basic, simple, and frugal lifestyle. (10 year old reliable car, prepaid cell phone, cut my own hair etc). I am saving roughly 50%+ of my salary, Investing mostly in VTSAX and some liquid savings accounts for a...
by michaeljc70
Tue Sep 18, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3245

Re: Equity in house / Do you use it?

I would use it if there was a temporary cash flow issue I needed to overcome. If I needed the money longer term I would sell and downsize. If I was older and really needed the money and didn't want to move, I'd consider a reverse mortgage as a last resort.
by michaeljc70
Tue Sep 18, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 38
Views: 2454

Re: HOA Donation in Remembrance of Deceased Owner

I agree that this is not appropriate and I doubt many by-laws would legally allow this. Of course, boards often do what they want as no one is going to sue to stop you from spending $100. In most associations this is such a small amount that I wouldn't lose sleep over it. If the HOA wanted to do suc...
by michaeljc70
Tue Sep 18, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: How to determine quality of a finished new construction home
Replies: 45
Views: 2858

Re: How to determine quality of a finished new construction home

Lots of good commentary here.. Like any home, best thing is to educate yourself, hire a good inspector and ask a lot of questions. First, look at the architecture... Is it a well designed, well proportioned house ? (look at http://www.mcmansionhell.com to see what I mean - lots of contemporary hous...
by michaeljc70
Mon Sep 17, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4399

Re: Dilemma: Add room to current house or buy new house?

One issue could be that we have this 2000sqft unfinished basement that is simply never used so it feels like we only have 4000sqft in reality. My wife does not want to climb down and up from the basement so finishing it may be throwing money down the drain. Stairs. She doesnt want to walk up and do...
by michaeljc70
Mon Sep 17, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9879

Re: Massive Student Loan Debt - Fiancee

Though the debt can be overcome, imagine what the NFV is of $150k when you are in your early 20s! I am not going to do the math and have people pick apart the numbers I use, but it is a lot of money at age 60 or 65. I would guess if I had an extra $150k when in my early 20s I probably wouldn't ever ...
by michaeljc70
Mon Sep 17, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4399

Re: Dilemma: Add room to current house or buy new house?

Another way of looking at this is adding a 320 sq ft room will add a little more than 5% square footage to the home for about 20% of the market value of the house. Since the land has some value, the actual % of home value is actually probably much higher.
by michaeljc70
Mon Sep 17, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4399

Re: Dilemma: Add room to current house or buy new house?

GoldStar wrote:
Mon Sep 17, 2018 2:25 pm
You lost me at 6000 sq feet being too small.
It's only 1200 sq ft a person!
by michaeljc70
Mon Sep 17, 2018 2:27 pm
Forum: Personal Consumer Issues
Topic: Selling your home with Opendoor
Replies: 3
Views: 384

Re: Selling your home with Opendoor

Wonder if ppl have experience with Opendoor service. Seems like cost is about the same as real estate agent, with less hassle. I'm curious to hear real experiences from BH's I found out about it here . Thanks. H When you say "cost" it doesn't sound like you are taking into account any difference in...
by michaeljc70
Mon Sep 17, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: ACA - Silver plan cost sharing worth it?
Replies: 29
Views: 2149

Re: ACA - Silver plan cost sharing worth it?

So, I did the ACA application and put in my info. The eligibility document says "Choose a plan by October 30, 2018." "Until October 30, 2018, you're eligible to buy a 2018 Marketplace plan". So I think I am good if I get a plan for 11/1 and pay before that. One thing I will add is to think carefull...
by michaeljc70
Mon Sep 17, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4399

Re: Dilemma: Add room to current house or buy new house?

Sounds like keeping up with the Joneses. Who cares what other houses nearby or friends have? You have an unfinished basement.
by michaeljc70
Mon Sep 17, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 126
Views: 8183

Re: Considering Quitting Job - Seeking Advice. Would you do it?

After saving heavily for 25 years, there is no need to continue at this pace. I wouldn't think twice about quitting. Your kids are teenagers and in 8 years you will not be able to get that time back. First, I would try to see if moving to another position in the company is possible. Maybe at a reduc...
by michaeljc70
Mon Sep 17, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Single Family Homes in Chicago?
Replies: 28
Views: 2821

Re: Single Family Homes in Chicago?

If you go slightly outside hot areas like Roscoe Village/Logan Square you can find single family homes for less money. A new home (roughly 3400 sq ft) will still run $700+. I am specifically thinking of Avondale which is sort of between Logan Square and Roscoe Village. Lakeview is a traffic and park...
by michaeljc70
Mon Sep 17, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: ACA - Silver plan cost sharing worth it?
Replies: 29
Views: 2149

Re: ACA - Silver plan cost sharing worth it?

So, I did the ACA application and put in my info.

The eligibility document says "Choose a plan by October 30, 2018." "Until October 30, 2018, you're eligible to buy a
2018 Marketplace plan".

So I think I am good if I get a plan for 11/1 and pay before that.
by michaeljc70
Mon Sep 17, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: ACA - Silver plan cost sharing worth it?
Replies: 29
Views: 2149

Re: ACA - Silver plan cost sharing worth it?

It says: "If you qualify for an SEP, you usually have up to 60 days following the event to enroll in a plan." The qualifying date would be 9/1 as that is when I lost coverage. After that, I get 60 days. At least that is how I read it. In such a scenario, wouldn’t you have to enroll retroactively go...
by michaeljc70
Sun Sep 16, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: ACA - Silver plan cost sharing worth it?
Replies: 29
Views: 2149

Re: ACA - Silver plan cost sharing worth it?

Yes. My work insurance ended at the end of August. We are trying in Sept/Oct to not have insurance with the fallback of opting for COBRA retroactively if we really have to. I will then go on the ACA for Nov/Dec. This is really just to avoid the penalty and as a backstop to a medical catastrophe. If...
by michaeljc70
Sun Sep 16, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: CDs role in Fixed income part of portfolio
Replies: 31
Views: 2662

Re: CDs role in Fixed income part of portfolio

Though I don't have historical data on CDs going back really far, when looking at the 10 year treasury I can see that there appears to be only one year (since 1928) where the 10 year lost double digits while there are 18 years where it had double digit returns. Many were also in low inflation years...
by michaeljc70
Sun Sep 16, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Is Hardwood Floor No Maintenance (vs Carpet)?
Replies: 39
Views: 3697

Re: Is Hardwood Floor No Maintenance (vs Carpet)?

Imagine wearing a sweater for 1 year straight. Once a week you take it outside and brush the dirt off it. Once a year you wash it. Thats carpet folks...and most people still have carpet in their homes. You think by running a vacuum over it that it actually gets clean? Its picks up the fine particle...
by michaeljc70
Sun Sep 16, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: ACA - Silver plan cost sharing worth it?
Replies: 29
Views: 2149

Re: ACA - Silver plan cost sharing worth it?

Silver plans with CSR are the best deal for those who are sick, but not very sick. The cost-sharing subsidy will offset the higher premium. If you qualify for CSR they are, particularly the lower two tiers of CSR. The top tier depends on how much higher the silver premium is. my COBRA is subsidized...
by michaeljc70
Sun Sep 16, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: If you really like the CR-V, you should check out the [_____]
Replies: 89
Views: 9009

Re: If you really like the CR-V, you should check out the [_____]

I'm very happy with my CX-5. The RAV4 is ugly to me. The CX-5 drove a lot better than the Santa Fe/Tuscon IMO. Everyone has the CR-V (which might not bother many people). +1. (Is this thread still going?) Our CX-5 has capable AWD, sensible layout, good tech, good visibility, and is genuinely fun to...