Search found 3883 matches

by michaeljc70
Thu Dec 13, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 57
Views: 3998

Re: Is a New Car Okay if Driven 15+ Years?

Acting like a 10 year old car is a death trap is laughable. Most of the new safety things being added nowadays are tech related and only help compensate for bad/inattentive drivers. It is true that big strides were made with crumple zones, airbags and things like that in the past. 33k die in the US ...
by michaeljc70
Thu Dec 13, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3105
Views: 602316

Re: What's Your Credit Card Rewards Strategy?

The Barclays Arrival Plus is offering 70k points. I don't open credit cards that give puny rewards... nothing under $500 worth of rewards. You’ll reconsider once you’ve gone through the big ones and get over the the thought that hard pulls are the end of the world. If you’re willing to do multiple ...
by michaeljc70
Thu Dec 13, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3105
Views: 602316

Re: What's Your Credit Card Rewards Strategy?

How do you know if for the AA and UAL cards you will get the bonus? Obviously, if you are turned down you won't. But I believe there is language in the terms (which I believe might vary when comparing an unsolicited application vs. an offer you receive in the mail) that allow a bonus every 24 months...
by michaeljc70
Thu Dec 13, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3105
Views: 602316

Re: What's Your Credit Card Rewards Strategy?

I use the Citi Double Cash for almost all purchases. Unless I am doing bonus spends on reward cards. I prefer the reward cards that give miles on airlines I travel (AA/UAL) because I can get more than 1 cent per point. I just went to Europe on two one way tickets (different arrival/departure cities)...
by michaeljc70
Thu Dec 13, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 57
Views: 3998

Re: Is a New Car Okay if Driven 15+ Years?

I think it depends. On the one hand, some cars depreciate little in the first year or two (Honda/Toyota/Lexus) so I don't know that it is worth it buying newer used. If you buy a car a year or two old, the way I view it is that is a year or two earlier you can get a new car next time (or saving a fe...
by michaeljc70
Thu Dec 13, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Uber Cash Discount
Replies: 4
Views: 1041

Re: Uber Cash Discount

I haven't tried the GC route. I often get emails where Uber gives me 40% of rides for a week. They are pretty erratic. Sometimes it will be 3 weeks in a row and then nothing for a month or two. I suspect it is based on usage. I also wonder if they are able to know if I am taking Lyft (through my pho...
by michaeljc70
Wed Dec 12, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Lyft driver got into an accident, but denies it
Replies: 61
Views: 4600

Re: Lyft driver got into an accident, but denies it

Does the Lyft app record a start time and end time for the ride? If so, perhaps you could point to that as being abnormally long and the reason for that is the accident the driver denies having. That's what I was thinking. If you were stopped for more than a few minutes, it wouldn't be a light or a...
by michaeljc70
Wed Dec 12, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 657
Views: 46408

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I have my HSA at Optum (acquired from Wells Fargo). I don't pay any fees and have it all (except $1k that has to be in "cash") in the Vanguard TSM Institutional. The ER is .04% so I see no reason to change. I haven't contributed for years, but have almost 6 figures in there.
by michaeljc70
Wed Dec 12, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Health insurance outside Obamacare exchange
Replies: 12
Views: 897

Re: Health insurance outside Obamacare exchange

I live in the 3rd largest city in the US and there are only 3 providers on the exchange and 25 plans. I haven't find any other company offering ACA compliant plans off the exchanges. You can find short-term plans that have more holes in them than swiss cheese though. Yea- Further research revealed ...
by michaeljc70
Wed Dec 12, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: Need recommendation for new washing machine
Replies: 45
Views: 2325

Re: Need recommendation for new washing machine

I had a top loader my whole life. I switched to a front loader around 4 years ago and would never go back. They use less water and clean better and you can fit more and are easier on your clothes. I have a Samsung.
by michaeljc70
Wed Dec 12, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: Rental car totalled - amex insurance issue
Replies: 19
Views: 3181

Re: Rental car totalled - amex insurance issue

My rental car got stuck in a flooded road and was totaled. I rent on American Express card and pay for amex premium coverage as primary and assumed it will all be taken care of. After a couple of months I heard from the car rental company that amex is paying for approx 90% of the net ACV ( actual c...
by michaeljc70
Wed Dec 12, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: Trip to Italy
Replies: 40
Views: 2076

Re: Trip to Italy

Fly to Ireland first. Get in the EU then take cheap flight from Dublin to Italy. Down side to this is concept is baggage. This is similar to my advice. Get to whatever major city you can the cheapest and then take a cheap flight on something like Ryan or EasyJet to Italy. Or if the international fl...
by michaeljc70
Tue Dec 11, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 86
Views: 13479

Re: Retired in your late 40s or early 50s?

I keep dreaming about retiring (hopefully soon). Will be great to hear some lessons learnt here. What are the things that you would not do if you relived the retiring experience. To me the major question mark is healthcare though ACA provides a solution. Just worried about how long before it gets d...
by michaeljc70
Tue Dec 11, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: Filing a complaint against AmeriHealth
Replies: 7
Views: 531

Re: Filing a complaint against AmeriHealth

A440 wrote:
Tue Dec 11, 2018 9:43 am
We have had much trouble with this company with coding issues, reprocessing delays, and repeated billings from providers.
Isn't Amerihealth an insurance company? Isn't the coding done by the providers? Repeat billings from providers....come from providers.
by michaeljc70
Tue Dec 11, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 525
Views: 53349

Re: What frugal thing did you do today?

It was a few days ago, but installed a new water heater in my place with my Father. I figured it saved me around $1000 versus if I hired a plumber.
by michaeljc70
Tue Dec 11, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 293
Views: 20516

Re: What percentage of your net worth is your home equity?

OP, I do not count my house as part of my net worth. If someone is counting the house as part of their net worth, they had bought too much house. KlangFool Actionably: I cannot pay my retirement expenses with the home I live in. And, it's not counted as net worth. And, is not related to my allocati...
by michaeljc70
Tue Dec 11, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 293
Views: 20516

Re: What percentage of your net worth is your home equity?

Only on Bogleheads are people rushing to pay off their mortgage to not count it in their net worth :shock:.
by michaeljc70
Tue Dec 11, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 293
Views: 20516

Re: What percentage of your net worth is your home equity?

ponyboy wrote:
Tue Dec 11, 2018 5:16 pm
I dont include my home as part of my net worth.

Those who do typically have lower savings/investments...and it just sounds better when you include your home.
Or they are following the definition of net worth....assets minus liabilities.
by michaeljc70
Tue Dec 11, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 293
Views: 20516

Re: What percentage of your net worth is your home equity?

OP, I do not count my house as part of my net worth. If someone is counting the house as part of their net worth, they had bought too much house. KlangFool Actionably: I cannot pay my retirement expenses with the home I live in. And, it's not counted as net worth. And, is not related to my allocati...
by michaeljc70
Tue Dec 11, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: The new 1040 is certainly different
Replies: 10
Views: 2160

Re: The new 1040 is certainly different

Cyclesafe wrote:
Mon Dec 10, 2018 10:08 pm
For fun also entered 2018 numbers into 2017 TurboTax. Saved $15k.
I'm not following. Saved 15k over what? Using 2018 forms?
by michaeljc70
Tue Dec 11, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated / manufactured homes a bad investment?
Replies: 99
Views: 6566

Re: are pre-fabricated / manufactured homes a bad investment?

As mentioned, there are a lot of types of manufactured homes. Some costing 7 figures. My friend bought a manufactured home in Michigan (on a farm) and had it rehabbed. It has a basement and I would never guess it is a manufactured home. There are 3 different levels of manufactured homes according to...
by michaeljc70
Tue Dec 11, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 110
Views: 7603

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

No, you're not nuts. But how do you know you wouldn't like something you haven't tried? Certainly there are scenic trains you can take in Europe. You mentioned going to the Smithsonian. There are plenty of museums in Europe too.
by michaeljc70
Tue Dec 11, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: Is this normal for an HOA?
Replies: 95
Views: 8557

Re: Is this normal for an HOA?

We are renters in a neighborhood with an HOA. If you have the ability to be involved to any degree with your HOA I would recommend you do it. I wish I could have a say in ours. Our landlords have intervened a couple of times on our behalf since we are not allowed access, but otherwise they are only...
by michaeljc70
Sun Dec 09, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: ACA - prove you don't have income
Replies: 22
Views: 3052

Re: ACA - prove you don't have income

I was asked to provide proof or documentation of my reported income for the ACA after my husband stopped working. I had already quit the year before. Up to that point, our combined salary had been reported, and even with the loss of mine we still had the husband's income. So once he also quit, the ...
by michaeljc70
Sat Dec 08, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: ACA - prove you don't have income
Replies: 22
Views: 3052

Re: ACA - prove you don't have income

I quit my job in August. I won't be eligible for ACA premium credits for 2018. In 2019, I may be eligible. I could just forgo the credits and if eligible get them back in 2020 when I file my 2019 return. But since there is no penalty or interest if you get the credits and then make too much, I'd ra...
by michaeljc70
Sat Dec 08, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: ACA - prove you don't have income
Replies: 22
Views: 3052

Re: ACA - prove you don't have income

I have used ACA since 2014. I have only had to state my expected income with no evidence to take advantage of the subsidies. Careful management of withdrawals from IRA, Roth and Traditional accounts, along with a heightened awareness of passive income through the end of the year have kept me in the...
by michaeljc70
Sat Dec 08, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: ACA - prove you don't have income
Replies: 22
Views: 3052

ACA - prove you don't have income

I quit my job in August. I won't be eligible for ACA premium credits for 2018. In 2019, I may be eligible. I could just forgo the credits and if eligible get them back in 2020 when I file my 2019 return. But since there is no penalty or interest if you get the credits and then make too much, I'd rat...
by michaeljc70
Sat Dec 08, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6337

Re: Health insurance for FIRE

... I would personally rather see health insurance mandated for all, which would bring down prices and allow people to buy into the ACA for the same rates as group plans. Until then, the current system is what we've got... The current system did mandate insurance for all (until next year), and whil...
by michaeljc70
Sat Dec 08, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6337

Re: Health insurance for FIRE

... I would personally rather see health insurance mandated for all, which would bring down prices and allow people to buy into the ACA for the same rates as group plans. Until then, the current system is what we've got... The current system did mandate insurance for all (until next year), and whil...
by michaeljc70
Fri Dec 07, 2018 9:43 pm
Forum: Personal Consumer Issues
Topic: Is this normal for an HOA?
Replies: 95
Views: 8557

Re: Is this normal for an HOA?

Are you sure they aren't bureaucrats? They might be. But they are also homeowners. And that is the main point: some here are discussing the HOA as if it’s some alien creature. Or a distant corporation. Something which they have no connection to. That’s conveniently wrong. The HOA is in fact the hom...
by michaeljc70
Fri Dec 07, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: Is this normal for an HOA?
Replies: 95
Views: 8557

Re: Is this normal for an HOA?

If an uninterested observer were to read this thread... not the most ringing endorsement for an HOA Most people join them as a necessity. If you live in a very urban environment, condos and townhouses may be the only affordable options. SFH in sub divisions often have them as there is a pool, entry...
by michaeljc70
Fri Dec 07, 2018 8:50 pm
Forum: Personal Consumer Issues
Topic: Quicken 2006
Replies: 7
Views: 688

Re: Quicken 2006

Ummm.....no. I use Quicken 2017. I like to download my transactions from my credit cards, investment accounts and checking accounts. I found it to be well worth the $30 I spent.
by michaeljc70
Fri Dec 07, 2018 8:47 pm
Forum: Personal Consumer Issues
Topic: Mitsubishi ductless heating/cooling unit
Replies: 74
Views: 9352

Re: Mitsubishi ductless heating/cooling unit

I have never had one installed. I have rented many apartments around the world though that have had them. They are used a lot in foreign countries in old buildings without ductwork. I found them great to use. Most have remotes that let you set the temp,time, etc. I always wondered why we didn't use ...
by michaeljc70
Fri Dec 07, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 155
Views: 16821

Re: Best values at Costco? Honestly, a little disappointed...

I wonder how they got to be the 2nd largest retailer in the US with all those sad, terrible customers and regularly priced oversized goods. :oops:

They are also the number one wine retailer in the US.
by michaeljc70
Fri Dec 07, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: Health insurance outside Obamacare exchange
Replies: 12
Views: 897

Re: Health insurance outside Obamacare exchange

I live in the 3rd largest city in the US and there are only 3 providers on the exchange and 25 plans. I haven't find any other company offering ACA compliant plans off the exchanges. You can find short-term plans that have more holes in them than swiss cheese though.
by michaeljc70
Fri Dec 07, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: Health insurance outside Obamacare exchange
Replies: 12
Views: 897

Re: Health insurance outside Obamacare exchange

If a plan is ACA compliant and the same, I'm not sure why the price would be different off the exchange. I looked at BCBS and the prices are the same on healthcare.gov and the BCBS website. BSBS does not offer different plans (different from the exchange plans) for individuals where I live. I don't ...
by michaeljc70
Fri Dec 07, 2018 6:07 pm
Forum: Personal Consumer Issues
Topic: How to cheaply replace my smartphone?
Replies: 29
Views: 1864

Re: How to cheaply replace my smartphone?

I have Moto G6 on Google Fi for 3 days now and it looks ok so far. https://fi.google.com/about/phones/ Interesting, I never was aware of google fi.. Seems like in trying to simplify things they have added another new carrier I need to understand :? Can one do mobile hotspot with google fi? That is ...
by michaeljc70
Fri Dec 07, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Do I have a rebate, subsidy, savings for you!
Replies: 23
Views: 1979

Re: Do I have a rebate, subsidy, savings for you!

The worst in my opinion are the cable tv/internet providers. They offer much lower pricing to new customers and treat loyal existing customers terribly. The only way for an existing customer to get a fair deal is to quit or threaten to quit every year. What other industry has a business model like ...
by michaeljc70
Fri Dec 07, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Do I have a rebate, subsidy, savings for you!
Replies: 23
Views: 1979

Re: Do I have a rebate, subsidy, savings for you!

The worst in my opinion are the cable tv/internet providers. They offer much lower pricing to new customers and treat loyal existing customers terribly. The only way for an existing customer to get a fair deal is to quit or threaten to quit every year. What other industry has a business model like ...
by michaeljc70
Fri Dec 07, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Do I have a rebate, subsidy, savings for you!
Replies: 23
Views: 1979

Re: Do I have a rebate, subsidy, savings for you!

The prices for groceries at Walmart are always more than the sale prices at other local supermarkets. The prices at Walmart are always cheaper than non-sale prices at other local supermarkets. I disagree that just shopping at Walmart will save you the same as shopping the weekly ads. Just as a quick...
by michaeljc70
Fri Dec 07, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Economics and risks of short-term medical insurance
Replies: 1
Views: 174

Economics and risks of short-term medical insurance

I have a week left to decide on a ACA plan or short-term plan for 2019. As a point of comparison, for us (2 people in their 40s), the cheapest ACA plan is around $767/mo and has a $7200 deductible pp. The short-term plan is $206/mo for a 6 mos plan, 20% coinsurance, $2500 deductible and $1M max. For...
by michaeljc70
Fri Dec 07, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6337

Re: Health insurance for FIRE [Financial Independence Retire Early]

Do these short-term plans have networks that entitle you to discounted rates before you meet your deductible? In looking at them I haven't heard of any of these companies (Independence American Insurance Company and LifeShield National Insurance Company). That can make a big difference. Currently I ...
by michaeljc70
Thu Dec 06, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 352
Views: 19699

Re: What are your property taxes?

A lot of responses, but not enough info to determine much. I think the current property value and property taxes (pre-exemptions) tells everything. What sq ft or what you paid 20 years ago is not very meaningful. A 2000 sq ft house in Arkansas compared to a 2000 sq ft house in LA is just not the sam...
by michaeljc70
Thu Dec 06, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6337

Re: Health insurance for FIRE

As I prepared to retire, I looked at the following possibilities (prices are for married couple): 1. COBRA 2. ACA 3. Medicaid Expansion 4. Short term policy 5. Medishare 1. $8000 a year. Pretty steep for a moderate income person in LCOL area. 2. My retirement payout (sick bank, vacation) exceeds AC...
by michaeljc70
Thu Dec 06, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6337

Re: Health insurance for FIRE

It seems like the cost of healthcare is prohibitive of FIRE for many people thus making the whole industry (books, blogs, advice, internet sites, magazine articles) BUNK. In a lot of ways the unpredictability is worse than actual cost. If you had enough to retire today except for the healthcare cos...
by michaeljc70
Thu Dec 06, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 155
Views: 16821

Re: Best values at Costco? Honestly, a little disappointed...

Our family found that going to Target and using the 5%-off red card was best for us. No more waiting in line forever, no more buying more product than we need just to “save,” no more pushing a weighted down cart a mile into the parking lot and having to carry all of that stuff in the house where th...
by michaeljc70
Thu Dec 06, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6337

Re: Health insurance for FIRE

As I prepared to retire, I looked at the following possibilities (prices are for married couple): 1. COBRA 2. ACA 3. Medicaid Expansion 4. Short term policy 5. Medishare 1. $8000 a year. Pretty steep for a moderate income person in LCOL area. 2. My retirement payout (sick bank, vacation) exceeds AC...
by michaeljc70
Thu Dec 06, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6337

Re: Health insurance for FIRE

As I prepared to retire, I looked at the following possibilities (prices are for married couple): 1. COBRA 2. ACA 3. Medicaid Expansion 4. Short term policy 5. Medishare 1. $8000 a year. Pretty steep for a moderate income person in LCOL area. 2. My retirement payout (sick bank, vacation) exceeds AC...
by michaeljc70
Thu Dec 06, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6337

Re: Health insurance for FIRE

I haven't read all the replies. I would carefully check any short-term insurance though as many have a lot of limitations. Many don't even cover prescriptions. I take no regular prescriptions, but I cannot predict whether I will need an expensive life saving prescription, so I am not going to opt fo...