Search found 740 matches

by spammagnet
Mon Jan 22, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 509
Views: 65115

Re: Quicken's future direction - a cause for concern

For those looking for a deal on Quicken 2018 Premier, I just ordered the 2 year disc from Sams Club for $81.56 shipped (a cool ~$50 off Amazon albeit with 3 months less). Deal is valid until January 28th. Do not order for local pickup. Your order will get cancelled :) Link here https://www.samsclub...
by spammagnet
Sat Jan 20, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can Roth conversions count as RMDs?
Replies: 27
Views: 1666

Re: Can Roth conversions count as RMDs?

celia wrote:
Sat Jan 20, 2018 9:01 pm
If you don't need the RMD, you can always give it to charity by following Qualified Charitable Donation (QCD) rules, then convert. Neither you nor the charity will have to pay taxes on the QCD.
Did that change in any way with the new tax law?
by spammagnet
Sat Jan 20, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 509
Views: 65115

Re: Quicken's future direction - a cause for concern

I also noticed continued incorrect defaulting to categories, does anyone have a solution? If it works like previous versions, edit the memorized payee list. In 2017, you can open that by pressing Ctrl-T, or from the Tools menu, or by clicking the button at the bottom of the payee pick list when ent...
by spammagnet
Thu Jan 18, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2391
Views: 442966

Re: What's Your Credit Card Rewards Strategy?

I'd be weary of signing up for cards purely for the bonus... more open accounts, hurts your credit score, identity theft issues, etc. I have a few I did last year that I should probably close, but keep older cards open. I expected but my score to drop but it went up, not down. It was in the mid- to...
by spammagnet
Tue Jan 16, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: How did I do? 401K has no tickers - Used Personal Capital to simulate
Replies: 4
Views: 510

Re: How did I do? 401K has no tickers - Used Personal Capital to simulate

See https://www.bogleheads.org/forum/viewtopic.php?t=168073#p2528751 Also, while your employer may offer CITs that are not exactly mutual funds, using ticker symbols for corresponding mutual funds (where they exist) should be representative for the purpose of determining aggregate asset allocation. ...
by spammagnet
Sun Jan 14, 2018 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 64
Views: 7137

Re: Our 'cure' for emergency expenses

willthrill81 wrote:
Sun Jan 14, 2018 5:08 pm
ThreeBears wrote:
Sat Jan 13, 2018 9:11 pm
We just pray that we don't have emergencies . . . so far it's worked. It's kinda a bogglehead approach, as it's been very low-cost . . . so far.
I hope you're not serious.
From bogglehead, one may draw that conclusion.
by spammagnet
Sun Jan 14, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: effect of authorized user on credit report?
Replies: 8
Views: 509

Re: effect of authorized user on credit report?

I recently added my DD to about 5 of my accounts. Didn't give her a card, but thought it might help her terrible credit score. Her score went from 523 to 730 in a couple of months. Basically, it gave her credit where she had none before. I assume taking her off my accounts would drop the score back...
by spammagnet
Sun Jan 14, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: effect of authorized user on credit report?
Replies: 8
Views: 509

Re: effect of authorized user on credit report?

Thanks for the details. My thought to remove them was for their benefit. That's apparently a bad idea.
by spammagnet
Sun Jan 14, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: effect of authorized user on credit report?
Replies: 8
Views: 509

Re: effect of authorized user on credit report?

If they've been authorized users for a long time, as you seem to imply ("since their high school days"), then why would "churning" be a concern, at least with respect to this/these card(s)? Depending upon how they show up, you might not want to delete the "longest" of their credit histories. Or at ...
by spammagnet
Sun Jan 14, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: effect of authorized user on credit report?
Replies: 8
Views: 509

effect of authorized user on credit report?

Hi. My kids have been an authorized users on our credit card accounts since their high school days. They're not owners or responsible but the cards appear on their credit reports as authorized users. From my credit card churning activities I know that some banks may count that against having a new c...
by spammagnet
Sat Jan 13, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 64
Views: 7137

Re: Our 'cure' for emergency expenses

I'm not saying that an irregular expense fund is a replacement for an emergency fund. But I think that for many, perhaps most, both are needed. Agreed. I have 3 tiers: Predictable irregular expenses like normal car maintenance, occasional unplanned repairs, insurance premiums, etc. -- Accumulate as...
by spammagnet
Sat Jan 13, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 64
Views: 7137

Re: Our 'cure' for emergency expenses

I saw another post a couple weeks back where an emergency fund was reframed as “Cash Reserves” which I like alot and helped me sell the importance of saving up to my wife. ... I do a zero-balance budget each month and project my inflows and outflows. ... Try YNAB. It automates/simplifies the proces...
by spammagnet
Sat Jan 13, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 64
Views: 7137

Re: Our 'cure' for emergency expenses

... wife and I do the same as OP, but in fact split these items into two accounts - Irregular Required and Irregular Optional. ... As mentioned by others, I use YNAB and am happy with it as a budget tool. It's not very helpful for longer term forecasting (I use Excel for that) but helps us adhere t...
by spammagnet
Sat Jan 06, 2018 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Need help with a single Ally Savings Account - Emergency/Contigenency/Oppurtunity/Car/Travel/Etc...
Replies: 12
Views: 1016

Re: Need help with a single Ally Savings Account - Emergency/Contigenency/Oppurtunity/Car/Travel/Etc...

Jack FFR1846 wrote:
Fri Jan 05, 2018 8:50 pm
... My emergency fund (7 years) is in US Savings bonds.
7 years' worth of emergency fund? Wow?
by spammagnet
Thu Jan 04, 2018 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 131
Views: 12158

Re: Embarrassment Preventing Retirement Work: A factor for you?

If you don't need the money, taking a paid position may prevent someone who does need the money from working in that job. Do volunteer work instead. How occupying the same position but with zero salary wouldn't prevent someone who needs the money from working in that position?! Once the position is...
by spammagnet
Thu Jan 04, 2018 12:50 am
Forum: Investing - Help with Personal Investments
Topic: Increasing Cashflow to payoff Mortgage or Market Investing?
Replies: 8
Views: 887

Re: Increasing Cashflow to payoff Mortgage or Market Investing?

I agree with this ... If it were me: 1. Get rid of PMI 2. Open Ally account for EF savings 3. Work towards maxing 401k while rebuilding EF 4. Contribute to taxable and pay off 2% loan in whichever order you'd prefer. ... and this: However you slice and dice it In your likely tax bracket I would not ...
by spammagnet
Wed Jan 03, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 2695

Re: How much to spend on toys?

... SOOOOOOOO many personal factors come into play on even determining what's a reasonable amount for discretionary income from one person to the next. ... It's not for this thread but I'd be interested to hear the range of opinions on that. As you suggest, they will vary widely. Some readers may d...
by spammagnet
Wed Dec 27, 2017 10:00 pm
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 6504

Re: manual car for new teen driver

When a friend taught his daughter to drive on a stick shift he expressed confidence that she wouldn't couldn't let any of her friends drive the car.
by spammagnet
Sat Dec 23, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11761

Re: A meal with friends yields a financial revelation

I thought that perhaps someone would post this idea but I did not see a mention of it in my quick skim through. There are a lot of people not any where near this level of comfort for whatever reason. I don't really care at this point as to the why. But, please, all of you who can now not worry abou...
by spammagnet
Sat Dec 23, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: Saving for the crash
Replies: 58
Views: 7372

Re: Saving for the crash

It's just dumb. I will buy with new money, rebalance with old, harvest the losses and not create a drag on my portfolio. This also assumes you'll have new money. I recall unemployment rates going up a tad during the last recession. Isn't that where "rebalance with old" comes into play? That rebalan...
by spammagnet
Wed Dec 20, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 56
Views: 5096

Re: Downsized at age 60. Input appreciated.

Considering that disposal of the expensive managed funds (if that's you're intent) exposes you to potential taxes on $166K LTCG, I suggest you put some effort into knowing your options. Knowledgeable users here (not me) can provide guidance if provided more detail. Or, consult an accountant regardin...
by spammagnet
Wed Dec 20, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11761

Re: A meal with friends yields a financial revelation

As with many people, the holidays are a time we catch up with old friends who are in town visiting family. Last night we had the pleasure of joining two such friends for dinner at a nice restaurant. We had a lovely time and very much enjoyed the evening and their company. Our bill was 2 or 3 times ...
by spammagnet
Tue Dec 19, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 5589

Re: What is a Reasonable Retirement Cost of Living?

... Kind of afraid to see the answer, but we're (unsuccessfully) cash-flowing two kids through college so our "spending" is a fire-hose. Don't be. It can be enlightening. It may result in significant changes in certain respects but you can be highly motivated when the information you get is not wha...
by spammagnet
Mon Dec 18, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: FSA & funding question
Replies: 9
Views: 789

Re: FSA & funding question

Remember that the benefit of the FSA is limited to your marginal tax rate on the amount withheld. If you don't spend it all, you lose 100% of the remainder. It's better to underestimate and get some benefit than to overestimate and lose more than you save.
by spammagnet
Mon Dec 18, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 5589

Re: What is a Reasonable Retirement Cost of Living?

Pretty sure we could sit down and figure it out more than we have. Maybe after I grade another 6 inch stack of final papers and final exams today and tomorrow I could dive in and try to separate it all later this week. It's all those other things still hanging on that will eventually be part of the...
by spammagnet
Mon Dec 18, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 5589

Re: What is a Reasonable Retirement Cost of Living?

We just emptied the nest this past Summer with our two. That leaves us still in the financial :shock: interlude period trying to figure it all out, but are noticing the major differences (lower grocery bills, lower utilities, lower automotive expenses, etc....). One still has another year of gradua...
by spammagnet
Mon Dec 18, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 5589

Re: What is a Reasonable Retirement Cost of Living?

... I am also concerned about the "drag" on any attempt to renegotiate or switch plans having to coordinate 4 users. ... That's within your control. I may inform the kids we'll be going our separate ways when the current contract expires at the end of 2018. At that point their finances will be stab...
by spammagnet
Fri Dec 15, 2017 1:45 am
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 5589

Re: What is a Reasonable Retirement Cost of Living?

onthecusp wrote:
Thu Dec 14, 2017 4:10 pm
... kicking the kids off the cell phone plan ...
Our young adults are still on our plan. It's cheaper for them to pay us than to get a separate. I just send a payment request in Venmo when I get the bill. If DS's usage exceeds the plan, he gets to pay the entire over charge.
by spammagnet
Thu Dec 14, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 11470

Re: 2018 financial goals - what are yours?

Married, first full year with young adult kids off our payroll. 1. Max 401k/403b contributions 2. Max Roth IRA x 2 contributions (Have already been doing both of the above.) 3. Replete e-fund partly used to max Roths this year. (Near retirement, e-fund not essential, but nice to have cash on hand.) ...
by spammagnet
Thu Dec 14, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 11470

Re: 2018 financial goals - what are yours?

sschullo wrote:
Mon Dec 11, 2017 3:59 pm
Mine too exactly. Here is my absolutely BORING portfolio AA as a 70-year-old retired k12 LAUSD teacher:

[graph]

Did I mention the 7.5% return on this portfolio YTD!
Why so many funds?
by spammagnet
Thu Dec 14, 2017 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 5250

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

GCD wrote:
Wed Dec 13, 2017 5:34 pm
Whatever man. Gambling is cool. I play the lotto at $1 a week myself. Whatever amount you're comfortable with as long as you accept that it's gambling.
I guess I'm twice the risk-taker you are. I play $2/week. :D
by spammagnet
Sun Dec 10, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6734

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

You're absolutely right. My thoughts are I could be in the same position I'm in with an associate's from an accredited community college as opposed to the 28k For-Profit college I went to. I could have done it cheaper and have credits that could be rolled into earning a bachelor's. I will have to s...
by spammagnet
Thu Dec 07, 2017 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Edited Question: In-Retirement - Need Portfolio Evaluation etc
Replies: 62
Views: 3368

Re: In-Retirement: Move 401k & SEP-IRA to MM, then to Index Funds via dollar cost averaging?

In my opinion that's not a valid way to evaluate the bonuses. You need to look at the return on the amount of effort. Remember that your assets continue to earn their normal return. The bonus is in addition to that. You get the $1000 for a less than an hour of effort in most cases. I don't disagree...
by spammagnet
Wed Dec 06, 2017 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Edited Question: In-Retirement - Need Portfolio Evaluation etc
Replies: 62
Views: 3368

Re: In-Retirement: Move 401k & SEP-IRA to MM, then to Index Funds via dollar cost averaging?

Merrill Edge currently has their "best" offer running now through 12/15. https://www.merrilledge.com/offers/1000offer?src_cd=lvexpo17 It might get extended, they have done that in the past, but sometimes they don't. Very good offer! But looking for excellent customer service, lower cost index funds...
by spammagnet
Fri Nov 24, 2017 7:25 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 6041

Re: Uber for someone who knows only taxis

I suppose one could call it a scheduled request. However the requesting happens ahead of time - in my case 1 day ahead. And the driver accepted the request ahead of time as well (a minute or so after the request). The driver having accepted it in advance is different than how I interpreted it. Havi...
by spammagnet
Fri Nov 24, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: Would Discount Tire credit card count towards 5/24? Worth it?
Replies: 3
Views: 480

Re: Would Discount Tire credit card count towards 5/24? Worth it?

If you're going to burn up one of your 5/24 slots, get a new Chase card and put the tires on it.
by spammagnet
Fri Nov 24, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 6041

Re: Uber for someone who knows only taxis

Not that any taxi/shuttle/ride service guarantees much but, from the description below, this sounds more like a scheduled request than a scheduled ride . I suspect they're doing little more than storing your request in their system until the appointed time. When released, it's just another ride requ...
by spammagnet
Wed Nov 22, 2017 12:43 am
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 6041

Re: Uber for someone who knows only taxis

I have zero stats, but I think Uber and Lyft might actually cut down on DUIs. Maybe the ease of getting a ride, and the cost being reasonable leads some people to not take foolish risks by drinking and driving. Our twenty-somethings consistently use Uber when going out and alcohol is involved. They...
by spammagnet
Wed Nov 22, 2017 12:16 am
Forum: Personal Consumer Issues
Topic: Beware Amazon Price Gouging
Replies: 74
Views: 9449

Re: Beware Amazon Price Gouging

It's my impression that if you put something on a shopping list, then come back to peruse it periodically, but don't buy it, Amazon lowers the price to get you to bite. That's purely my personal interpretation. I've bought things at significant discounts (~50% on items costing hundreds of dollars), ...
by spammagnet
Tue Nov 21, 2017 12:14 am
Forum: Investing - Help with Personal Investments
Topic: [Switching from Target Date fund to 3-fund portfolio - How?]
Replies: 9
Views: 1324

Re: [Switching from Target Date fund to 3-fund portfolio - How?]

With respect to your use of Investor class rather than Premium class, is that because the total in some accounts is less than $10K? Or because you're trying to implement a three-fund portfolio separately in each account? If the latter, you don't need to do that. You allocation should be applied acro...
by spammagnet
Thu Nov 16, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Did balance transfer check to Capital1 - got letter that they had "confidential information" that check may not be paid!
Replies: 4
Views: 1129

Re: Did balance transfer check to Capital1 - got letter that they had "confidential information" that check may not be p

swampwiz wrote:
Thu Nov 16, 2017 5:42 pm
... I can remember the good old days of the fee-free, interest-free transfer checks of the 1990s ...
I once got a free cash advance for close to $20K that I put in a high-interest savings account, made minimum payments, then paid it off before the teaser period lapsed. Free money.
by spammagnet
Thu Nov 16, 2017 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Christmas Vacation on a budget
Replies: 16
Views: 1863

Re: Christmas Vacation on a budget

Alexa9 wrote:
Thu Nov 16, 2017 4:41 pm
I would imagine Puerto Rico is itching for tourists.
Shipping costs for potable water would put a damper on your vacation budget. :)
by spammagnet
Sun Nov 12, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: Better way to get rid of old fridge?
Replies: 38
Views: 2816

Re: Better way to get rid of old fridge?

As mentioned, utilities often offer a rebate. It has to be working, not because somebody wants the refrigerant, but because there's no reason to pay you if they're not takIng an inefficient appliance off their grid. Reducing demand by buying old refrigerators is cheaper for them than building new ca...
by spammagnet
Sun Nov 12, 2017 2:02 am
Forum: Investing - Help with Personal Investments
Topic: Teaching an old dog some tricks
Replies: 14
Views: 1774

Re: Teaching an old dog some tricks

Brownbird wrote:
Wed Nov 08, 2017 3:58 pm
... I inherited $600k (thank you Daddy) and have it plopped in a savings account (well, 2 at 2 different banks).
I hope the savings accounts are the higher interest available online rather than negligible interest available at a local b&m bank.
by spammagnet
Sun Nov 12, 2017 1:28 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 10277

Re: Retirees: I got this!!

It should be no surprise that recent retirees are exceeding expectations because of very good market performance. No guarantee that the next cohort of retirees will have the same experience so I'm not sure that recent experience will be a useful guide for future retirees. This. Sorry guys... All yo...
by spammagnet
Sat Nov 11, 2017 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone used Zelle?
Replies: 44
Views: 5586

Re: Anyone used Zelle?

Nyc10036 wrote:
Sat Nov 11, 2017 9:30 pm
Cash wrote:
Sat Nov 11, 2017 5:56 pm
spammagnet wrote:
Sat Nov 11, 2017 2:41 pm
I just tried. It won't work with my Fidelity debit card.
Yeah I could be mistaken, but I think your bank has to be a Zelle participant.
https://pasteboard.co/GTeNe8p.png
That requires a debit card. My Fidelity CMA debit card was not accepted.
by spammagnet
Sat Nov 11, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone used Zelle?
Replies: 44
Views: 5586

Re: Anyone used Zelle?

Nyc10036 wrote:
Sat Nov 11, 2017 2:39 pm
I am talking about the Zelle app.

I haven't downloaded so I cannot say, but their website seems to imply that it is to be used by people's whose banks don't belong to Zelle yet.
I just tried. It won't work with my Fidelity debit card.
by spammagnet
Sat Nov 11, 2017 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Anyone used Zelle?
Replies: 44
Views: 5586

Re: Anyone used Zelle?

Zelle works only if both people involved have accounts at participating banks. There is no provision for setting up an ACH transfer to a non-participating bank, as there is with (e.g.) Venmo, if one of them does not. Venmo is agnostic. I just tried to transfer some money from my Dad's checking accou...
by spammagnet
Sat Nov 11, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: FSA Worth the Hassle?
Replies: 11
Views: 1431

Re: FSA Worth the Hassle?

Filing a claim isn't that hard. If your alternative is to not deduct the money and not make a claim, apparently you don't need the cash immediately. Nobody says you have to do it every month. Just keep the receipts.

I did mine twice a year. Download the form, fill it out, wait for the check.
by spammagnet
Fri Nov 10, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Inactive accounts closed?
Replies: 30
Views: 2419

Re: Inactive accounts closed?

I’m a ceo of a small credit union. Keeping accounts open costs money. ... I view credit unions differently than large commercial banks. At least, the smaller ones I have experience with. I try to keep my costs to the CU down so they continue to exist, to my benefit. I don't keep accounts open unles...