Search found 3593 matches

by michaeljc70
Mon Oct 22, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 79
Views: 4205

Re: PSA: Don't buy a big house

I thought, as others have mentioned, this was going to be about heating bills, electric bills, property taxes, cleaning, maintenance, etc. LED light bulbs seem like they would mitigate this problem. How often do you change a fan? High ceilings and a house being "big" are two different things to me.
by michaeljc70
Sun Oct 21, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 2768

Re: Why Purchase an Automobile using Premium Gasoline?

It is something I consider along with the other ongoing costs of the vehicle. If everything was equal between two cars except one took premium and one took regular, that would sway me. That is unlikely to happen though. Especially for me since I don't like blowing money on expensive cars.
by michaeljc70
Sat Oct 20, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: If I'm convinced to stop making extra mortgage payments, should I recast?
Replies: 15
Views: 1969

Re: If I'm convinced to stop making extra mortgage payments, should I recast?

One thing that annoyed me was immediately after I recast my mortgage servicing company sold/transferred my mortgage to another company. I think this was intentional on their part because the new company does not offer recast as a service and is constantly spamming me to “unlock” my homes value by o...
by michaeljc70
Fri Oct 19, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 and W2 from the same employer
Replies: 11
Views: 959

Re: 1099 and W2 from the same employer

A company=corporation to me. This is a false equivalency that you don't get to make up as you go along. A corporation is a company, but a company most definitely does not have to be a corporation. A company is any business entity that offers products and/or services. This includes a sole proprietor...
by michaeljc70
Fri Oct 19, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: If I'm convinced to stop making extra mortgage payments, should I recast?
Replies: 15
Views: 1969

Re: If I'm convinced to stop making extra mortgage payments, should I recast?

I largely think it is a wash. Are you saying that in the next 15 years (based on the 3 year old child) you don't think you can save enough for college as it is? If that is the case, I would recast. Otherwise, I'd stop prepaying the mortgage and put money where it is accessible for college (assuming ...
by michaeljc70
Fri Oct 19, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 and W2 from the same employer
Replies: 11
Views: 959

Re: 1099 and W2 from the same employer

There is more work with having a company. You need to incorporate. You need to file state (unless in a few states) and Federal returns. If you just get a 1099 in your name, it goes on your personal taxes. If you have federal, state and local taxable business income. You need to file tax returns reg...
by michaeljc70
Fri Oct 19, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: Warm weather getaway in December
Replies: 7
Views: 855

Re: Warm weather getaway in December

The only places in the continental US warm (I guess that is subjective, but I am taking it to mean beach) at the end of December would be Southern Florida. The beach is even iffy in Miami at the end of December. If you mean any part of the US, Hawaii, Puerto Rico and the US Virgin Islands are warm. ...
by michaeljc70
Fri Oct 19, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: How important is registered mail for important documents?
Replies: 28
Views: 1505

Re: How important is registered mail for important documents?

All the big delivery companies make mistakes. I wouldn't base what I do on a few anecdotes. I've had issues with UPS, Fedex and USPS over the years. That’s pretty much my point and why I wouldn’t ”splurge for FedEx” “if it is that important”. Businesses that send important documents tend to use Fed...
by michaeljc70
Fri Oct 19, 2018 3:36 pm
Forum: Personal Consumer Issues
Topic: How important is registered mail for important documents?
Replies: 28
Views: 1505

Re: How important is registered mail for important documents?

I usually send important things by "certified" mail - with return receipt. Then, I get the card back with a signature of someone receiving it. Less costly than registered. That is what I did with my recent COBRA paperwork. It isn’t difficult to replace or valuable, but I want to make sure that it g...
by michaeljc70
Fri Oct 19, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: How much of a dip do you want before you TLH?
Replies: 27
Views: 1989

Re: How much of a dip do you want before you TLH?

A lot of Bogleheads want Roths because you are paying the tax now rather than in the future. However, isn't TLH doing the opposite of this? Obviously, these are capital gains/losses and not ordinary income. I am not saying TLH cannot be beneficial, but doesn't it somewhat depend on your current tax...
by michaeljc70
Fri Oct 19, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: How much of a dip do you want before you TLH?
Replies: 27
Views: 1989

Re: How much of a dip do you want before you TLH?

A lot of Bogleheads want Roths because you are paying the tax now rather than in the future. However, isn't TLH doing the opposite of this? Obviously, these are capital gains/losses and not ordinary income. I am not saying TLH cannot be beneficial, but doesn't it somewhat depend on your current tax ...
by michaeljc70
Fri Oct 19, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: How much of a dip do you want before you TLH?
Replies: 27
Views: 1989

Re: How much of a dip do you want before you TLH?

I'm surprised how much talk there is of TLH after a 9 year bull market. The market is only down a few percent. International isn't in any 9 year bull market, that's for sure. People get things from older family members who've passed every day and invest it so anything put in international the past ...
by michaeljc70
Fri Oct 19, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: How important is registered mail for important documents?
Replies: 28
Views: 1505

Re: How important is registered mail for important documents?

As others said, registered doesn't mean it can't be lost or stolen. Attorney's send things that way in order to have proof of delivery. Not to protect the document.

If it is that important, I might splurge for FedEx.
by michaeljc70
Fri Oct 19, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 3907

Re: Approach to rescinding a job acceptance

This is a question as to advice on the best best approach to rescinding an acceptance of a job offer. I know there is a lot of debate on taking a counter offer and whether or not one should rescind an acceptance of a new job. This is not that thread. I have decided to accept a counter offer to rema...
by michaeljc70
Fri Oct 19, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 3907

Re: Approach to rescinding a job acceptance

There is a chance that a bridge will be burned either way. If OP didn't accept the counteroffer, that bridge to the current company could be gone. If he accepted the counter (which he did), the bridge to the new company could be gone. However, you never know. Big companies have people do this all th...
by michaeljc70
Fri Oct 19, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 3907

Re: Approach to rescinding a job acceptance

I would explain that you received a counteroffer after you accepted their offer and decided it was better for you to stay at your current company. I would apologize and thank them for the opportunity. I would do this ASAP. I would not worry about doing it in person unless you previously knew the per...
by michaeljc70
Fri Oct 19, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 3907

Re: Approach to rescinding a job acceptance

I'm happy that the current tight market for many highly skilled/specialized positions is finally putting some of these arrogant HR types in their place. I am highly skilled, but I haven't found the current job market to be "tight". Many of the technical companies near me are hiring "interns" or tho...
by michaeljc70
Fri Oct 19, 2018 12:21 am
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10657

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

India and China are both in the the top 12 countries held in the Vanguard Total Intl Stock Fund, so it isn't hard to invest in them (not counting countless other ETFs/funds). It will become even easier (if it isn't easy enough now) as their economies become larger, more open and more advanced. So f...
by michaeljc70
Thu Oct 18, 2018 11:52 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10657

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

India and China are both in the the top 12 countries held in the Vanguard Total Intl Stock Fund, so it isn't hard to invest in them (not counting countless other ETFs/funds). It will become even easier (if it isn't easy enough now) as their economies become larger, more open and more advanced. So f...
by michaeljc70
Thu Oct 18, 2018 11:01 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10657

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

No, but I think Bogle and Buffet grew up in a different world. China will probably be the biggest economy in the next 10 years. India will probably surpass the US economy in the next 20 years. If certain things happen...continuing the current political trend (not saying what due to forum guidelines...
by michaeljc70
Thu Oct 18, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 and W2 from the same employer
Replies: 11
Views: 959

Re: 1099 and W2 from the same employer

All, My employer asked if I am intersted in doing some consulting for him for which he will pay me by 1099. This is in addition to the w2 software development work I am doing for one of his clients. The consulting doesn't have anything to do with my w2 job as it involves training people who are in ...
by michaeljc70
Thu Oct 18, 2018 10:18 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10657

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

To save everyone the effort of repeating all the back and forth that has happened on the prior threads I will summarize the counter arguments: 1) The future may not look like the past 2) Australia has outperformed the US historically 3) Plenty of good companies outside the US too 4) If you are okay...
by michaeljc70
Thu Oct 18, 2018 9:49 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10657

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

To save everyone the effort of repeating all the back and forth that has happened on the prior threads I will summarize the counter arguments: 1) The future may not look like the past 2) Australia has outperformed the US historically 3) Plenty of good companies outside the US too 4) If you are okay...
by michaeljc70
Thu Oct 18, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10657

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

To save everyone the effort of repeating all the back and forth that has happened on the prior threads I will summarize the counter arguments: 1) The future may not look like the past 2) Australia has outperformed the US historically 3) Plenty of good companies outside the US too 4) If you are okay...
by michaeljc70
Thu Oct 18, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: Best way to complain about Hertz bait-and-switch?
Replies: 53
Views: 4857

Re: Best way to complain about Hertz bait-and-switch?

Those cars are different classes (W4 vs K4). If they couldn't provide something similar (in the same class) they should have given a discount.

Image
by michaeljc70
Thu Oct 18, 2018 6:54 pm
Forum: Personal Consumer Issues
Topic: Tip Furniture Delivery?
Replies: 12
Views: 1066

Re: Tip Furniture Delivery?

Generally, no. If there was a promotion and I got free delivery, then probably. I actually rented a van a few months ago from Home Depot for $20 to go pick up a sofa as the store wanted $200 to deliver it 9 blocks from the pickup location . If they charge $200, I see no need to tip.
by michaeljc70
Thu Oct 18, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Best way to complain about Hertz bait-and-switch?
Replies: 53
Views: 4857

Re: Best way to complain about Hertz bait-and-switch?

Water under the bridge, it's true, but if I can do something with minimal effort on my part that causes the tiniest bit of unhappiness for them I'm up for it. They lied to my face and that makes it personal to me. How many complaints do you think Hertz gets a day? The people that will respond do th...
by michaeljc70
Wed Oct 17, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: State tax shenanigans - IL
Replies: 1
Views: 551

State tax shenanigans - IL

I am curious to know if other people have had unjustified tax shenanigans in Illinois or other states. In Illinois, I have encounter the following in very recent years (there are more, but I am limiting it to the most egregious): -Tax bill sent for thousands, requesting proof of tax paid from spouse...
by michaeljc70
Wed Oct 17, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 152
Views: 12431

Re: Where would you go for financial guidance if you win the Megamillions?

Just to break it up a little, I thought I'd post this I recently saw. The guy won $19 million in the lottery and wound up robbing banks!

https://www.marketwatch.com/story/how-o ... 2018-10-01
by michaeljc70
Wed Oct 17, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 152
Views: 12431

Re: Where would you go for financial guidance if you win the Megamillions?

I'd be posting on here as to whether I should DCA or lump sum it into the market :shock: If I win, I'll probably stop posting here ;) Or at least you will never know 8-) I'm under the impression, that adjusted for chance, there are a lot of people posting here richer than I am winning the lottery. :D
by michaeljc70
Wed Oct 17, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 152
Views: 12431

Re: Where would you go for financial guidance if you win the Megamillions?

I don't play the lottery but...my first inclination would be to consult with a CPA/lawyer to see if incorporating or something would save me on taxes or I needed some legal shielding. However, I doubt any of that would work. I would just stick to what I am doing (4 fund portfolio). I actually would ...
by michaeljc70
Wed Oct 17, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion - getting conflicting info about taxes
Replies: 7
Views: 620

Re: Roth conversion - getting conflicting info about taxes

Assuming this is pre-tax money being converted, you will owe taxes on the converted amount only. This. What the one rep said doesn't make sense. You'd be paying income tax on the money 2x (once at the time of conversion and again when you take the money out of the tIRA). Maybe there was a miscommun...
by michaeljc70
Wed Oct 17, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: Denied credit card with great credit
Replies: 17
Views: 1641

Re: Denied credit card with great credit

I'll add, in addition to my response above (and I did create a thread on it), that once I was asked for copies of my tax return. For a credit card. I have excellent credit (well into the 800s). I think they saw I opened a lot of cards with bonuses and just wanted to make it hard for me. I sent in th...
by michaeljc70
Wed Oct 17, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 2793

Re: unlicensed repair guy possibly spent our material deposit

I'm surprised at some of the responses. If the guy is still around, I wouldn't do those things at this point. You will never get your money back IMO if you get aggressive right away. 10 days isn't that long. You are probably right and he used the money for something else. It could be on another job ...
by michaeljc70
Wed Oct 17, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: Denied credit card with great credit
Replies: 17
Views: 1641

Re: Denied credit card with great credit

Opening a lot of credit cards in a relatively short period of time is a red flag. Some cards are harder to get than others. The number of accounts opened may trump your credit score. Credit card issuers don't just look at credit scores. You might also want to check what score they are using as there...
by michaeljc70
Wed Oct 17, 2018 4:47 pm
Forum: Personal Consumer Issues
Topic: Buyers commission on a condo purchase
Replies: 29
Views: 1736

Re: Buyers commission on a condo purchase

The $400 is probably the Broker Admin fee. This a fee that goes to the Brokerage to cover admin support plus just general office expenses . (Ours is $499). I will waive the fee for the client, and pay it myself, for larger sales. Like staples, paper clips and coffee creamer? Sounds like the doc fee...
by michaeljc70
Wed Oct 17, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1269
Views: 216579

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Mike14 wrote:
Wed Oct 17, 2018 3:58 pm
pre wrote:
Sun Mar 18, 2018 3:44 pm
Merrill, TDA, Etrade, etc. will all allow multiple bonuses
For the same account type using the same promo code?
michaeljc70 wrote:
Sun Mar 18, 2018 4:05 pm
I was able to get multiple at TDA moving multiple accounts.
Same account type or different types?
Mine were different account types.
by michaeljc70
Wed Oct 17, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Kidnapping and Ransom in Bitcoins
Replies: 4
Views: 1038

Re: Kidnapping and Ransom in Bitcoins

The chances that they get caught probably don't change any whether they were paid in bitcoin or cash.
by michaeljc70
Wed Oct 17, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6544

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

It is unknowable in advance whether paying off mortgage is better than investing the funds. To complicate things, the potential rate of investment return will, of course, depend on what those funds are invested into. Even those who locked in the record low fixed interest rate are unlikely to see ri...
by michaeljc70
Wed Oct 17, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Google's Titan Key for 2fa
Replies: 23
Views: 2008

Re: Google's Titan Key for 2fa

linenfort wrote:
Wed Oct 17, 2018 10:33 am
You're right. Sorry about that. I searched for "bluetooth" and copied the quoted timestamp.
NP. I didn't see the mention of bluetooth when I skimmed the comments.
by michaeljc70
Wed Oct 17, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Google's Titan Key for 2fa
Replies: 23
Views: 2008

Re: Google's Titan Key for 2fa

I'm not sure what I am late for. Sorry, I'm not trying to start anything with you. The other post with that timestamp is by me and it does in fact mention the bluetooth key. It is also quoted later in the thread. If you just do a Ctrl+F search for "bluetooth" on this page... I never had an opportun...
by michaeljc70
Wed Oct 17, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Buyers commission on a condo purchase
Replies: 29
Views: 1736

Re: Buyers commission on a condo purchase

The $400 is probably the Broker Admin fee. This a fee that goes to the Brokerage to cover admin support plus just general office expenses. (Ours is $499). I will waive the fee for the client, and pay it myself, for larger sales. So, what does the split that the broker gets on the commission cover?
by michaeljc70
Wed Oct 17, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Google's Titan Key for 2fa
Replies: 23
Views: 2008

Re: Google's Titan Key for 2fa

Forgot to mention, this may have something to do with updating to IOS 12. Found myself locked out of Google on all browsers on my ipad. Yeah, I'm turning off 2fa for now and returning my key to Google. Maybe I'll go back to a phone for 2fa. The Titan Key comes with a bluetooth version as far as I k...
by michaeljc70
Wed Oct 17, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Best way to complain about Hertz bait-and-switch?
Replies: 53
Views: 4857

Re: Best way to complain about Hertz bait-and-switch?

You can complain if it will make you feel better, but that (and maybe a form letter apology) will likely be the extent of what you gain.
by michaeljc70
Wed Oct 17, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Google's Titan Key for 2fa
Replies: 23
Views: 2008

Re: Google's Titan Key for 2fa

The Titan Key comes with a bluetooth version as far as I know. So, it comes with 2 keys and one can be a backup. You don't need to plug it in. Put it on your keychain and keep it near the computer. As others pointed out, leaving it plugged in somewhat defeats the purpose. If your computer doesn't ha...
by michaeljc70
Wed Oct 17, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Too good to be true; what am I missing?
Replies: 17
Views: 2994

Re: Too good to be true; what am I missing?

Without knowing the mortgage interest rate, I cannot evaluate anything. If you itemize and deduct the interest that would have an impact on the analysis too.
by michaeljc70
Tue Oct 16, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 41
Views: 3305

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

I'm not sure what type of business you have or how much more income you need, so this may not work. But maybe you can get customers/clients to pay you early bringing 2019 income into 2018. You could offer them a discount to encourage them.
by michaeljc70
Tue Oct 16, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 215
Views: 17108

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

If you live pretty frugally, I don't know realistically how much you can cut back on your withdrawals in bad times (market downturns). If I had to cut more than 5-10% from what I am spending now, I'd really feel it. It's not like I am staying in 5 star hotels and flying business class on vacations w...
by michaeljc70
Tue Oct 16, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: trip to Grand Cayman & dieting [while on vacation]
Replies: 40
Views: 2654

Re: trip to Grand Cayman & dieting [while on vacation]

To me, vacation is to enjoy yourself and what is probably a few days or week isn't going to make a big difference in the long run. If you're sure you want to keep up the dieting on vacation, I would just eat less. Skip appetizers. Leave stuff on your plate for the entree. Don't have dessert or just ...