Search found 67 matches

by Pobre
Thu Sep 05, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 37
Views: 2007

Re: Do you have disability insurance?

The way it has been explained to me: Disability insurance is far more important than life insurance, if you had to choose one. It's best to have both. If you die without life insurance, you can no longer bring home the bacon, but at least you are no longer eating the bacon either. If you become disa...
by Pobre
Thu Sep 05, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 5094

Re: Some Computer Science Career Advise?

Thanks so much for the responses! I had another talk with the senior director today. He says that he's had four people in the last nine months that have wanted to quit, and I'm the first one that he's offered to talk to (implying that he likes me). He said that the VP and Senior VP (reports to CEO)...
by Pobre
Mon Aug 12, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5269

Re: high-yield savings: stay or switch?

engineerbme wrote:
Mon Aug 12, 2019 10:33 am
thank you for responding back and continuing to add no relevant help to the original topic of this thread. I'm glad I waited until Monday morning to have an argument with an older 46 year old man, enjoy your day sir.
You are welcome! Enjoy your day too!
by Pobre
Mon Aug 12, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5269

Re: high-yield savings: stay or switch?

point taken, but i was not accusing you of being a liar, you are correct about the initial account setup, however future account setups do not require this, so if you really cared enough you could just give a bogus account to link up, and then perform the trial deposits...the way you are addressing...
by Pobre
Fri Aug 09, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5269

Re: high-yield savings: stay or switch?

Here is the response from Wealthfront regarding this: "We want to make sure you're comfortable linking your accounts upon initial sign up and don't provide an alternative . We find that if you're not comfortable with linking your account electronically, it tends to lead to a poor client experience ...
by Pobre
Fri Aug 09, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5269

Re: high-yield savings: stay or switch?

if you click 'manage my bank accounts' after you're viewing your wealthfront cash account, you can't do any other way but the 2 trial deposits by entering your routing and account number...i never setup my bank accounts the way you're explaining above. it's also listed here: https://support.wealthf...
by Pobre
Wed Aug 07, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5269

Re: high-yield savings: stay or switch?

I also don't like the way Wealthfront links your external bank accounts. They ask for your user id and password from the external bank, just like Mint.com does. After that, they can see ALL of your accounts with that bank, not just the one account you want to link...creepy. this is totally untrue, ...
by Pobre
Wed Aug 07, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5269

Re: high-yield savings: stay or switch?

I also don't like the way Wealthfront links your external bank accounts. They ask for your user id and password from the external bank, just like Mint.com does. After that, they can see ALL of your accounts with that bank, not just the one account you want to link...creepy. this is totally untrue, ...
by Pobre
Wed Aug 07, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12802
Views: 2198020

Re: U.S. stocks in free fall

History of U.S. Bear & Bull Markets Since 1926 "Although past performance is no guarantee of future results,we believe looking at the history of the market’s expansions and recessions helps to gain a fresh perspective on the benefits of investing for the long-term. • The average Bull Market period ...
by Pobre
Tue Aug 06, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Where to find rates for no-cost refi?
Replies: 57
Views: 4675

Re: Where to find rates for no-cost refi?

30YR 3.65% avg as of this post. Probably not low enough for you to warrant a refi. http://www.mortgagenewsdaily.com/ http://www.mortgagenewsdaily.com/reports/mortgage_rates/archive https://www.aimloan.com/ https://www.consumerfinance.gov/owning-a-home/loan-estimate/ Get a loan estimate from Aimloan....
by Pobre
Tue Aug 06, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5269

Re: high-yield savings: stay or switch?

HEDGEFUNDIE wrote:
Tue Aug 06, 2019 10:22 am
No problem, more interest for the rest of us.
More power to you. More risk, more reward. Right? :D
by Pobre
Tue Aug 06, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5269

Re: high-yield savings: stay or switch?

Wealthfront. So, a word about Wealthfront. I had moved there a few months ago, then left after discussing the risks with a cousin who is far more up on financial matters than I. Here's the thing, they're FDIC protected when your money is in a partner bank, but not when it's transferring for that da...
by Pobre
Tue Aug 06, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5269

Re: high-yield savings: stay or switch?

I have a decent amount of cash parked in an Ally "high yield" savings account. However, they just announced they are dropping their rate to 1.9%. I also have accounts with Amex and GS Bank, which bother are currently offering higher rates. Wondering if I should transfer the money to those, or maybe...
by Pobre
Wed Feb 20, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Moved to new state/job 6M ago. Previous employer wants me back!
Replies: 57
Views: 5970

Re: Moved to new state/job 6M ago. Previous employer wants me back!

Keep the new job, and for get the old one. Stay where you are.
by Pobre
Thu Jan 17, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 58727

Re: John Bogle has died at age 89

Warren Buffett on "Person who has done most for American Investor" John Bogle of Vanguard Index Fund 2017 http://www.youtube.com/watch?v=7t0hXjSTzBM "Jack Bogle has probably done more for the American investor than any man in the country. when Jack started, very few people, and certainly Wall Stree...
by Pobre
Tue Oct 30, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 5679

Re: Should I co-sign for relative?

pennylane wrote:
Mon Oct 29, 2018 11:00 am
A close relative of mine has asked me to co-sign for them, lets assume defaulting was not a big risk but the necessity for a co-signer is due to unestablished credit. Would you co-sign this?

The co-sign is for a vehicle lease of about $900/month
No
by Pobre
Fri Sep 28, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 7385

Re: New Relationship - Best way to handle finances?

She seems to expect me to pay for everything and things are adding up quickly. The following advice is purely financial: RUN...and find yourself a nice, frugal, educated, hardworking, professional woman who shares your views on finances, raising kids, faith or lack thereof, politics, leisure and en...
by Pobre
Thu Sep 27, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: teaser savings rates - how long have they lasted?
Replies: 5
Views: 730

Re: teaser savings rates - how long have they lasted?

Ah, I remember the good old days, was it 2005? I had an EmigrantDirect, online savings account with a permanent 5.25% APY, with a minimum deposit and minimum balance of $1. Maybe those days are coming back? Ally, Capital One and American Express now have a 5 year CD rate of 3.00% APY, highest I've s...
by Pobre
Sat Jul 21, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4373
Views: 842012

Re: What's Your Credit Card Rewards Strategy?

Amazon and Whole Foods: Amazon Prime card for 5% cash back Gas: Sam's card for 5% cash back Restaurants: Sam's card 3% cash back Flights, Hotels, Cruses, Vacation Packages: Costco card for 3% cash back plus other cash back perks Any grocery store other than Whole Foods: Ally Cashback card for 2% on ...
by Pobre
Wed Jun 20, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 16866

Re: How much (green) cash at home for emergency ?

"The Northeast blackout of 2003 was a widespread power outage that occurred throughout parts of the Northeastern and Midwestern United States and the Canadian province of Ontario on Thursday, August 14, 2003, just after 4:10 p.m. EDT. Some power was restored by 11 p.m. Most did not get their power b...
by Pobre
Tue Mar 20, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Keep money in IRA or move to Ally Savings?
Replies: 3
Views: 825

Re: Keep money in IRA or move to Ally Savings?

Thank you very much, JoeRetire and FiveK. I will pass your advice on to him.
by Pobre
Mon Mar 19, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Keep money in IRA or move to Ally Savings?
Replies: 3
Views: 825

Keep money in IRA or move to Ally Savings?

Hello, Bogleheads! I have a question. A guy I know, who is in his mid 60s, has only about 22K in a traditional IRA. That's all he has for retirement except that he also receives disability benefits and food stamps. Obviously, he is poor and lives pay check to pay check. I believe all he has in savin...
by Pobre
Thu Jan 25, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 20341

Re: Dear wife quits job and now we are down to 1 income

Emergency Fund: 67k in savings earning 0.0000001% That 67K could be earning 1.35% at an Ally savings account. https://www.ally.com/bank/online-savings-account/ You could also leave 17K earning 1.35% in an Ally savings account, take 50K and create a CD ladder like this: 10K in a 1 year CD 1.70% 10K ...
by Pobre
Thu Jan 25, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 20341

Re: Dear wife quits job and now we are down to 1 income

Things I would temporarily get rid of if I were in your position: Cable Alarm Lunch/take-out/restaurant costs Cut back on groceries Netflix Gym Landscaper All subscriptions Since your wife is now unemployed, your gas bill should be reduced as well. So your plan is for OP is going to work all day, e...
by Pobre
Thu Jan 25, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 20341

Re: Dear wife quits job and now we are down to 1 income

House worth 480k, mortgage = 121k Move to a less expensive, townhome or condo. Move to a low cost of living area. Retirement = 85k Monthly Expenses: Mortgage, Taxes, Insurance = 1896 Electric =135 Cable , Internet, Alarm = 165 Do antenna instead of cable. It's free. Keep the alarm system, window st...
by Pobre
Wed Jan 24, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 5649

Re: Life insurance company wants money back

I really appreciate ALL of the responses. I apologize if my original post wasn't clear enough. To be clear, I have never and would never advice anyone to commit insurance fraud. My personal policy is to always be lawful, ethical and honest. And I don't believe anyone here has suggested that I advice...
by Pobre
Wed Jan 24, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 5649

Re: Life insurance company wants money back

Call me crazy but the first thought I had was...what are they going to do about it? He has no wages to garnish, no assets to take, and will probably be gone before any type of litigation winds its way through the legal system. Possession is 9/10ths of the law in this case methinks. Thank you for yo...
by Pobre
Wed Jan 24, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 5649

Re: Life insurance company wants money back

First question I would ask is who made the error in the policy and who is responsible when an error is made? Since the consequences are significant, legal assistance might be helpful. Free legal assistance may be available to an elderly, disabled person. The policy was written by hand, and accordin...
by Pobre
Wed Jan 24, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 5649

Re: Life insurance company wants money back

This doesn't make any sense. If she was actually born in 1933, but had 1923 on her policy, that means the life insurance company was charging her MORE per year for her term-life policy. Because the older you are, the more they charge you. Because the older you are, the more likely you're going to d...
by Pobre
Wed Jan 24, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance company wants money back
Replies: 45
Views: 5649

Life insurance company wants money back

An elderly man that I know lost his mother recently. His mother had a term life insurance policy. He had noticed that in the policy her date of birth was incorrect, by ten years. It looked like an honest mistake, a typo, birth year 33 was written instead of 23. The funeral home had offered to file t...
by Pobre
Thu Jan 04, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Assisted Living cost > person's pension
Replies: 24
Views: 2510

Re: Assisted Living cost > person's pension

Better call Saul. :)

Nah, seriously, consult an Elder Law Attorney.
by Pobre
Fri Nov 03, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Parked Car Hit and Need Advice
Replies: 16
Views: 2655

Re: Parked Car Hit and Need Advice

Thanks for all your suggestions! I am going to take it into a shop next week and get a quote on it if insurance does not pull through. The scratch is unfortunately not on the plastic part of the bumper (would have been nice!) and I live near the ocean so rust is an issue. I am going to call insuran...
by Pobre
Mon Oct 02, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Cash on hand for emergencies
Replies: 43
Views: 4609

Re: Cash on hand for emergencies

"The Northeast blackout of 2003 was a widespread power outage that occurred throughout parts of the Northeastern and Midwestern United States and the Canadian province of Ontario on Thursday, August 14, 2003, just after 4:10 p.m. EDT. Some power was restored by 11 p.m. Most did not get their power b...
by Pobre
Thu Sep 14, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Credit report freeze guide
Replies: 6
Views: 1127

Re: Credit report freeze guide

Perhaps I'm just paranoid, but to avoid searching and getting steered to "unofficial websites", does anyone have handy the official websites and CS numbers required to freeze credit reports at Experian, Equifax, Transunion, Innovis & Chexsystems? https://www.experian.com/freeze/center.html https://...
by Pobre
Tue Sep 12, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 7858

Re: Purchasing Home With Girlfriend; Good or Bad?

Bad idea.

Best financial advice I ever received: "Marry well, and marry once."
by Pobre
Sat Sep 09, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 74082

Re: Equifax customer information leak

Obviously, your name, DOB, SSN, driver's license number, etc. are no longer reliable ways to identify you. Ooh, the time is very near, if not already here: Revelation 13:16-18 " And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their...
by Pobre
Sat Sep 09, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 74082

Re: Equifax customer information leak

I thought I saw a post on this thread yesterday about placing a security freeze at Chex. I couldn't find it today, but I found the information below on my own. Was that post deleted? Maybe I just missed it when I looked again. Chex Systems Security Freeze https://www.chexsystems.com/web/chexsystems/...
by Pobre
Thu Jul 06, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring an executor for my will
Replies: 72
Views: 11999

Re: Hiring an executor for my will

I recommend this book. It doesn't have all the answers, but it has a lot of good information:

What to Do When I Get Stupid: A Radically Safe Approach to a Difficult Financial Era
by Lewis Mandell

https://www.amazon.com/gp/product/B00ED ... k_ro_title
by Pobre
Wed Jun 21, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Widowed mother - siblings try to make a plan
Replies: 30
Views: 4205

Re: Widowed mother - siblings try to make a plan

I have to chuckle at those posters who have cherry-picked certain parts of certain posts and clarifications in the thread as they wish and use those incomplete bits to jump to amazing conclusions. All you know about our family is what I have written here - nothing more. If you want to project your ...
by Pobre
Tue Jun 20, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Widowed mother - siblings try to make a plan
Replies: 30
Views: 4205

Re: Widowed mother - siblings try to make a plan

I agree with the suggestions to consult an Elder Law attorney. These are not financial advice, but I'd like to suggest anyway that you and your siblings: 1. Thank your brother and his wife for all the care they have provided and will provide for your mother. 2. Unless you and your siblings are doing...
by Pobre
Thu Jun 08, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 29996

Re: Best credit card for cash back

Really? I didn't know that. I guess I never waited long enough for the automatic statement credit. There is also a minimum of 2,000 cash back rewards points for a statement credit. I also just noticed that I can now do a direct deposit to redeem cash rewards. I use the store card, not the Visa one....
by Pobre
Thu Jun 08, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 29996

Re: Best credit card for cash back

+1 for USAA Limitless Cashback MasterCard. 2.5% on any and all purchases. No need to worry about revolving categories. Redemption of accumulated cashback is an easy click of a button. I looked into this card, but I don't like that a USAA bank account with a monthly $1,000 direct deposit is required...
by Pobre
Thu Jun 08, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 29996

Re: Best credit card for cash back

This is similar, but the opposite, with the Amazon Prime rewards card. Rewards are redeemable only at Amazon. You can either use your cashback rewards points toward an Amazon.com purchase, or you can redeem your cashback rewards points as a statement credit. So to get the full 5% cashback, you want...
by Pobre
Wed Jun 07, 2017 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 29996

Re: Best credit card for cash back

Citibank Double Cash MasterCard: 2% cashback on everything anytime. No annual fee, no special requirements, but has foreign fees. Well, there's one minor special requirement: if you redeem the cash back as a statement credit, you end up getting "only" 1.99% cash back. This is because of the silly w...
by Pobre
Tue Jun 06, 2017 2:31 pm
Forum: Personal Investments
Topic: What really happens in a bear market?
Replies: 37
Views: 6426

Re: What really happens in a bear market?

I just read this article today, and I believe it's relevant to the thread subject:

Could This Be Why the Middle Class Is Disappearing?
by Pobre
Tue Jun 06, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 29996

Re: Best credit card for cash back

If you want to keep it simple: Citibank Double Cash MasterCard: 2% cashback on everything anytime. No annual fee, no special requirements, but has foreign fees. CapitalOne Quick Silver MasterCard: 1.5% cashback on everything anytime. No annual fee, no special requirements, no foreign fees. Other goo...
by Pobre
Mon Jun 05, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 17
Views: 2773

Re: Do I need umbrella insurance?

Until reading this thread today, I had never before heard of Umbrella insurance. I searched this Forum after reading this thread and found other threads on the subject. After reading many of these threads, I just got off the phone with my insurance agent and will be receiving a quote on 1M and 2M um...