Search found 301 matches

by csm
Mon Nov 18, 2019 2:14 pm
Forum: Personal Investments
Topic: Why am I taking so much risk?
Replies: 44
Views: 4846

Re: Why am I taking so much risk?

I am as risk averse as they come. 55 years old, 2/98 AA (yes, that's 98% in CDs, Treasuries, and municipal bonds) and darn happy with it. Mary1492, I have found your recent posts interesting because I am also risk averse and I have a defined benefit pension with COLA to cover our fixed expenses in ...
by csm
Sat Nov 16, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 10089

Re: Disturbing experience with Ally Bank

HueyLD wrote:
Sat Nov 16, 2019 11:16 am

However, it is a good idea to spread the money around a little.
I believe U.S. transfers from TransferWise are initiated as ACH which is why I was glad for your warning and will be cautious.

Thanks!
by csm
Sat Nov 16, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 10089

Re: Disturbing experience with Ally Bank

Regarding FDIC insurance, I assume you mean Schwab Bank. But their saving account is not competitive (rate). If you are talking about money market fund, then FDIC does not come into play. I meant my cash account within my Schwab brokerage account, which I've confirmed with Schwab is FDIC insured. Y...
by csm
Sat Nov 16, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 10089

Re: Disturbing experience with Ally Bank

Csm, Per Ally's website, there are ACH maximum transfer limits and the amounts vary depending on the frequency, and inbound or outbound. Inboubd to Ally: $250k limit per transfer, $250k limit per day, and $1M limit per month. Outbound from Ally: $150k limit per transfer, $150k limit per day, and $6...
by csm
Sat Nov 16, 2019 3:53 am
Forum: Non-US Investing
Topic: Receiving an International Bank Wire Transfer Questions
Replies: 27
Views: 1233

Re: Receiving an International Bank Wire Transfer Questions

I recently queried Ally about an international wire transfer into my Ally account, and here was their written response: QUOTE In order to receive an international wire you must provide the following information: -Receiving Bank: JP Morgan Chase Bank, N.A. -Street Address: 1 Chase Manhattan PLZ -Cit...
by csm
Fri Nov 15, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 10089

Re: Disturbing experience with Ally Bank

OP, thanks for posting and I'll be watching the result with interest. I am in the process of closing on a house sale and will be pushing funds in excess of $500,000 which I had intended to split between Ally and Schwab for the FDIC coverage. I have even contacted Ally in advance to advise them of th...
by csm
Fri Nov 15, 2019 6:18 am
Forum: Non-US Investing
Topic: Receiving an International Bank Wire Transfer Questions
Replies: 27
Views: 1233

Re: Receiving an International Bank Wire Transfer Questions

Hi there. I read about transferwise. The issue is the sender would need to create an account to do this. I dont think they would want to be bothered with this process. They do things pretty old school etc. You can also create an account for yourself as a recipient and that way make things easier fo...
by csm
Fri Nov 15, 2019 6:07 am
Forum: Non-US Investing
Topic: Receiving an International Bank Wire Transfer Questions
Replies: 27
Views: 1233

Re: Receiving an International Bank Wire Transfer Questions

I recently queried Ally about an international wire transfer into my Ally account, and here was their written response: QUOTE In order to receive an international wire you must provide the following information: -Receiving Bank: JP Morgan Chase Bank, N.A. -Street Address: 1 Chase Manhattan PLZ -City...
by csm
Sun Nov 10, 2019 6:01 am
Forum: Personal Consumer Issues
Topic: House for Sale--How Much to Tell Potential Buyer
Replies: 35
Views: 2827

Re: House for Sale--How Much to Tell Potential Buyer

The business owner employs a landscaper to blow the parking lot daily in the early morning with a loud leaf blower. The noise ordinance in my city does not apply to leaf blowers or landscaping/construction, therefore the business owner is not violating any city ordinances. The OP does not say what ...
by csm
Sun Nov 10, 2019 3:49 am
Forum: Personal Finance (Not Investing)
Topic: Retire or work again?
Replies: 23
Views: 2849

Re: Retire or work again?

I am a 40 year old dentist and was an owner of multiple practices until spring of this year when an asset sale to corporate gave me millions. I paid off my home mortgage, all other loans, paid off a commercial building which now gives me rent of $160k annually, which increases 2% annually. I am lef...
by csm
Wed Nov 06, 2019 7:21 am
Forum: Investing - Theory, News & General
Topic: 2020 I Bonds: what's your plan?
Replies: 19
Views: 1624

Re: 2020 I Bonds: what's your plan?

I will do what I always do. Sometime early January, my wife and I will each purchase $10K. Then, if I got things right, come tax time we'll purchase another $5K from our tax refund. For us the fact that it's inflation adjusted and earnings are tax deferred is more important than the fixed rate sinc...
by csm
Thu Oct 31, 2019 5:48 am
Forum: Personal Finance (Not Investing)
Topic: paying foreign medical bill - after the fact:( back from vacation
Replies: 30
Views: 3004

Re: paying foreign medical bill - after the fact:( back from vacation

IIRC, AXA was the insurer via our American Express UK-issued credit card when my husband needed an emergency appendectomy while we were on vacation in Florida. We did not live in the U.S. at the time; he is a Danish citizen. I called AXA from the emergency room at the hospital and they sent a fax au...
by csm
Tue Oct 29, 2019 3:06 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Re: Please Advise on Retirement Portfolio

I have done the math. The tax difference between FSKAX and VTSAX is negligible. Within 3 basis points or 3/100 of 1%. Same goes for FXAIX and VFIAX. It is not worth the hassle or effort. from another post: retention vs total return of S&P 500 over 10 years with distributions of dividends, without s...
by csm
Mon Oct 28, 2019 9:22 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Re: Please Advise on Retirement Portfolio

+1 on Duckie’s suggested portfolio. Fidelity’s US Total Stock Market Fund (FSKAX) and S&P 500 fund (FXAIX) are less tax efficient in a Taxable account than similar Vanguard funds (VTSAX and VFIAX). The Fidelity funds distributed short-term capital gains (Vanguard funds have not) for the last couple...
by csm
Mon Oct 28, 2019 8:45 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Re: Please Advise on Retirement Portfolio

Does anyone have any input regarding where to invest the proceeds of our house sale ($670,000)? CD ladder, high-yield savings, VSUXX, other, keeping in mind our goals and risk tolerance as described in the original post? I just realized that Duckie included a suggestion for this in his/her excellen...
by csm
Mon Oct 28, 2019 2:34 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Re: Please Advise on Retirement Portfolio

Thank you, Duckie! This is exactly the type of detailed advice I was seeking. Regarding making the shifts in the taxable accounts only to the extent we would remain in the 22% tax bracket, if I understand correctly, we would just need to stay under $168,400 in taxable income for 2019. If so, I belie...
by csm
Sun Oct 27, 2019 2:19 pm
Forum: Personal Investments
Topic: Questions for potential new employer
Replies: 18
Views: 977

Re: Questions for potential new employer

Something not mentioned above is flexible work schedule / work from home options, should that be important to you. Are you expected to report to the office every day? If your commute includes a challenging traffic situation, are you able to modify your arrival and departure times to take advantage o...
by csm
Sun Oct 27, 2019 11:46 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Re: Please Advise on Retirement Portfolio

:oops: First, my apologies for my obvious oversight and kudos for your initiative on your finances. With a defined benefit pension that covers all needs and then some, I'd probably still have the one year cash available and no more than two years of CD's if any. It's not a bad thing to have this ty...
by csm
Sun Oct 27, 2019 7:40 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Re: Please Advise on Retirement Portfolio

Asset Allocation and risk tolerance is a personal preference, my approach will be the following: 1) Portion Total Stock Market ETF/MF or S&P500 ETF/MF 2) Portion Total Bond Fund ETF/MF 3) Portion Cash Figure out how much cash you need to live off of every year from investments (to supplement other ...
by csm
Sun Oct 27, 2019 7:35 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Re: Please Advise on Retirement Portfolio

Small potatoes, but you should consider dumping FTBFX and rolling it into FXNAX at least in the IRA/Roth accounts. FTBFX is higher fee active managed bond fund and FXNAX is super low fee index version. If you really like FFNOX (Fidelity four in one fund) (60 U.S. equities, 25% developed internation...
by csm
Sun Oct 27, 2019 6:59 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Re: Please Advise on Retirement Portfolio

I just edited my original post to add that I am required to enroll in Medicare Part B as soon as eligible (age 65). I do not know what this means in reality.
by csm
Sun Oct 27, 2019 5:50 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Re: Please Advise on Retirement Portfolio

That's why you both have Long Term Care insurance, right? We do not, but I am interested in hearing advice about whether we should. I have read many threads about this and the advice appears mixed when considering the cost vs. the level of support provided. If we should consider it, at what age is ...
by csm
Sun Oct 27, 2019 3:17 am
Forum: Personal Investments
Topic: Please Advise on Retirement Portfolio
Replies: 20
Views: 2779

Please Advise on Retirement Portfolio

Dear Bogleheads, I am seeking help with our retirement portfolio with a focus on the following objectives: 1. Where to invest the proceeds of our recent home sale. 2. How to structure future drawdowns from investments. 3. How to simplify our portfolio. 4. Related to #3, how/when to sell holdings in ...
by csm
Thu Oct 10, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Working in a different city
Replies: 32
Views: 2029

Re: Working in a different city

While nowhere near the same situation as your schedule, I used to work 50-60 hours a week at a M-F schedule. When I changed that to working M-F one week and then M-Th the following week, with a 3-day weekend every two weeks, it made an enormous difference. So although I worked a similar total number...
by csm
Fri Oct 04, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Decision for Large FX Wire Transfer
Replies: 0
Views: 249

Help with Decision for Large FX Wire Transfer

Deleted due to lack of response and new information received.
by csm
Sun Sep 29, 2019 1:41 pm
Forum: Personal Investments
Topic: Threw me a curve [unexpected layoff]
Replies: 36
Views: 5921

Re: Threw me a curve [unexpected layoff]

So, now that I've lost my job I'm not in a hurry to sell, but figure if I did I could move to a metro area like Phoenix and be better off searching for a job in my field. I also have family in Florida and that may be an option . I may have missed it above, but what is your field? If you are conside...
by csm
Tue Sep 24, 2019 3:35 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)

I waited four days with no response from the owner regarding our offer to pay the invoice less the $750 for the floor damage. So I telephoned today and after the billing assistant put me on hold for a few minutes, she came back and said that he agreed to the $750 credit. So the A/C installation is n...
by csm
Sun Sep 22, 2019 5:07 am
Forum: Personal Investments
Topic: Update Post Sale of Business! - Pay Off Home or Not?
Replies: 51
Views: 2906

Re: Update Post Sale of Business! - Pay Off Home or Not?

As it sits today, after holding the tax payment money aside, I'm left with $1.2 million in cash and another $800k disbursed over the next five years from the buyer of the business. For the $6,000 in monthly expenses, yes that includes the mortgage. Yeah I keep reminding myself that the almost $3,00...
by csm
Sun Sep 22, 2019 4:27 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement - not worry about withdrawal rate, but focus on portfolio size?
Replies: 69
Views: 6424

Re: Early retirement - not worry about withdrawal rate, but focus on portfolio size?

Thanks for the feedback. We're debt free so could scale back quite a bit if needed. I'll run some quick numbers and let me know if you think I should add anything to essential spending as I'm guessing I'm leaving some things out or underestimating. This is monthly for a family of 4. Food: $900 Medi...
by csm
Sat Sep 21, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)

I'm not surprised that the questionable installer says electric auxiliary heat "is not required," but my question is targeted toward getting an independent technical determination by a company with oversight of the brand and contractors using that brand, as well as providing training to installers....
by csm
Sat Sep 21, 2019 5:54 am
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)

OP, I would not try to placate the contractor, with who you already have poor working relationship, with an ad hoc “fair compromise” regarding the damage they did to your property. Instead, I would be direct, simple, and objective: Obtain an estimate for fixing this specific damage, and explain to ...
by csm
Fri Sep 20, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement - not worry about withdrawal rate, but focus on portfolio size?
Replies: 69
Views: 6424

Re: Early retirement - not worry about withdrawal rate, but focus on portfolio size?

Gill wrote:
Fri Sep 20, 2019 4:28 pm
You could live 70 more years. The odds of a portfolio surviving with that rate of withdrawal are not good.
Gill
Depends on the size of the portfolio, no?
by csm
Fri Sep 20, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)

Using online tools, it appears as though replacing the vinyl floor for the area required, including installation, materials and removing the old floor, would be in the range of $1,000 to $2,300 in our zip code. I have sent an email to the owner in response to the invoice stating that we believe an a...
by csm
Fri Sep 20, 2019 1:07 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)

IMO a good next step would be to take pictures of the damage and get a written estimate for the repair or replacement of the floor. Send both soon to the owner via registered mail requesting reimbursement for the damages and offer to pay him the net difference between the balance due and the damage...
by csm
Fri Sep 20, 2019 11:42 am
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)

Have you talked to the owner or has this exchange only been over email with someone other than the owner? My husband communicated directly with the owner, although it took some effort to get him to react. After the initial installation debacle, we tried to contact the owner multiple times and it wa...
by csm
Fri Sep 20, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)

I wanted to update this thread as to where we are in this process and ask for one last piece of advice. The contractor's "best guy" came out (twice) and did the following: 1. Called the manufacturer of the unit they installed and found out that the specific unit does not support auxiliary heating bu...
by csm
Tue Sep 17, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 486
Views: 50287

Re: Selling home- Demanding Buyer (Repairs)

I am mostly concerned about the contingency based on the sale of their property. Since they are asking for a significant amount off the current asking price, could you push back and agree to the price if they remove the contingency and have a quick and clean closing? If it must be contingent on the ...
by csm
Mon Sep 16, 2019 8:07 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 374
Views: 57433

Re: MoviePass-Too good to be true, but it's legit.

I loved Moviepass, and I definitely got my moneys worth as well. But I never abused it. ... But Moviepass was horribly managed. The whole '1' movie a day was just ridiculous and opened the door for all kinds of fraud and abuse, and high burn rate. People went out to see the same movies over and ove...
by csm
Fri Sep 13, 2019 8:23 am
Forum: Personal Consumer Issues
Topic: Selling concert tickets on StubHub (or other platforms)?
Replies: 4
Views: 414

Re: Selling concert tickets on StubHub (or other platforms)?

It really depends on how many other tickets are available and how they are priced relative to the desirability of the seats. I've only sold tickets a couple of times because I could not attend the event and have always set the price for my cost including the fees so that I would get back my total ou...
by csm
Wed Sep 11, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Any Recourse for Poor Contractor Work (A/C Installation)

Do you use set back temps aggressively? We haven't just because we've had such an archaic system. We tend to manually set a colder temp for nighttime because the upstairs master bedroom is the hottest room in the house, then turn the A/C up a few degrees in the daytime. We had hoped we could get an...
by csm
Wed Sep 11, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Any Recourse for Poor Contractor Work (A/C Installation)

This... Heat strips provide secondary auxiliary heat. ( they only turn on if stage 1 heat can’t keep up.) you would smell “burning” when stage stage two heat strips turn on, especially for the first time each season. If you rarely or never smelled burning in the winter then they likely were not com...
by csm
Wed Sep 11, 2019 10:23 am
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Any Recourse for Poor Contractor Work (A/C Installation)

I found where we could schedule a final inspection by the county for an A/C change-out based on the mechanical permit. It appears as though the inspection is optional for this type of work. We are still waiting to hear back from the owner's 'best' installer whether he will come out late today or tom...
by csm
Wed Sep 11, 2019 9:54 am
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Any Recourse for Poor Contractor Work (A/C Installation)

One thing I am curious about. While going over the proposal, your husband did not know that a heat kit wasnt included? Being an engineer, they are normally pretty detailed. I think that for a water sourced heat pump, the “heat kit” is an auxiliary heater. We have a water sourced heat pump (geotherm...
by csm
Tue Sep 10, 2019 9:13 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Any Recourse for Poor Contractor Work (A/C Installation)

I found the mechanical permit, so it was pulled and I believe the owner is licensed and bonded. We question whether the guy actually sent out to do the work was properly licensed.
by csm
Tue Sep 10, 2019 9:01 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Any Recourse for Poor Contractor Work (A/C Installation)

According to some other topics I’ve recently read, slightly reduce how much you tip them to demonstrate your displeasure. Ha, ha! I read that thread with interest because we were in the midst of this job and I thought to myself, "I didn't realize I was supposed to tip them." Of course, there was no...
by csm
Tue Sep 10, 2019 8:55 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Any Recourse for Poor Contractor Work (A/C Installation)

I am a Heating and Cooling contractor in Ohio and don’t see that type of unit much here. But if I were in your shoes I would call the building department in your city and have the inspector look over the installation instructions to make sure it is properly sized, installed and up to code. I would ...
by csm
Tue Sep 10, 2019 6:51 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Re: Any Recourse for Poor Contractor Work (A/C Installation)

Thank you for all the suggestions. We will listen to the individual who comes out in two days. Apparently the owner is out of town and the guy he is sending over was previously an apprentice, trained by the owner, so is his "best" guy. The owner claims he will make it right, but we shall tread caref...
by csm
Tue Sep 10, 2019 4:28 pm
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3248

Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)

We live in a condominium in Florida where we have an "air handler" in our unit that hooks up to a central town water cooling system. The air handler inside our unit is technically referred to as a "water source heat pump" (it provides both the heating and cooling). The water is provided on a loop th...
by csm
Sat Sep 07, 2019 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 149
Views: 14315

Re: Equifax settlement: how to file claim?

Has anyone received a follow up about their claim? I was compromised and filed for the $125 payment since I already used Credit Karma to monitor my credit. I received an email yesterday stating that I had to verify (or amend) my claim by providing the name of the credit monitoring service I had in p...