Search found 256 matches

by Iridium
Fri Sep 14, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is it a problem that our mortgage lender doesn’t report to credit bureaus?
Replies: 11
Views: 755

Re: Is it a problem that our mortgage lender doesn’t report to credit bureaus?

I guess the other question is.... if they don’t report to credit bureaus, what do they do if we fall behind on the mortgage or default? Will they be somehow harsher or more difficult to deal with? We live in a recourse state, but my understanding is it has some extra protections for homeowners (Mas...
by Iridium
Fri Sep 14, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Dental Coverage Feedback
Replies: 13
Views: 962

Re: Dental Coverage Feedback

Am I reading this correctly? With Delta Dental you pay $1013.16/y ($84.83x12) to maybe not have to pay $1250 (max annual benefit)? That...doesn't seem like a good deal. The Dental Plus ($2114 to maybe save $3000) doesn't seem much better. I'm assuming I'm reading this wrong, in which case, please i...
by Iridium
Wed Sep 12, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 74
Views: 10385

Re: Umbrella Policy: Right amount for $7 mil net worth?

I was under the impression that most states(mine does) have laws that protect retirement accts and erisa pensions, along with homes and vehicles. Unless you have substantial tax paid accts and/or luxury toys, why should you be concerned about umbrella policies? Is this a case of being over-insured?...
by Iridium
Tue Sep 11, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Robinhood Is Making Millions Selling Out Their Millennial Customers To High-Frequency Traders
Replies: 15
Views: 4554

Re: Robinhood Is Making Millions Selling Out Their Millennial Customers To High-Frequency Traders

Does this actually matter to Robinhood's customers? By regulation, Robinhood investors are getting no worse than the best market quote (in fact, they probably get some miniscule fraction of a cent extra). If some HFT wants to 'skip the line' by giving Robinhood a kickback, the folks hurt would seem ...
by Iridium
Sat Sep 08, 2018 2:29 am
Forum: Personal Consumer Issues
Topic: Best cloud hosting provider?
Replies: 4
Views: 650

Re: Best cloud hosting provider?

Note that a CDN is not the same thing as hosting 'in the cloud'. You can sign up for a CDN and point it at any server you want. That will give you fast, low-latency delivery from the CDN's cache without having to manage anything. As an example, Cloudflare is a very popular CDN. They are not a cloud ...
by Iridium
Fri Sep 07, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Work asking for input on benefits packages
Replies: 14
Views: 1250

Re: Work asking for input on benefits packages

Ask for short term and long term disability insurance. Include option for individuals to pay monthly premium on long term disability. If individual pays premiums, then benefits aren’t taxed. Premiums should only be $20 - $25 per month. Long term disability is good, but one key attribute to ask for ...
by Iridium
Fri Sep 07, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29090

Re: Do you have an umbrella policy?

For those who have umbrella policies, have you found a better deal if you get that policy with your Auto insurer, home insurer, or an outside vendor? Any recommendations you have on carriers would be appreciated. Thanks Get a quote from your auto. Most companies that write umbrellas want you to hav...
by Iridium
Fri Sep 07, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: What does a typical homeowners insurance policy have?
Replies: 15
Views: 1840

Re: What does a typical homeowners insurance policy have?

I'm reviving this older thread because as I was recently looking at my homeowner's insurance, the thought occurred to me that I have no idea if I'm adequately insured or not. What do people typically pay? I only pay $294/year, that seems really inexpensive Insurance is more than just limits. Other ...
by Iridium
Fri Sep 07, 2018 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29090

Re: Umbrella insurance..who has it? Is it recommended?

USAA mentioned them paying to defend those with umbrella, is that not the case with liability? Virtually always the case. My best understanding of the difference is this: Auto and home insurance policies have a duty to defend. However, the duty is directly tied to the liability insurance itself. Ex...
by Iridium
Thu Sep 06, 2018 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Planner really expensive?
Replies: 19
Views: 1994

Re: Financial Planner really expensive?

schleprock117 wrote:
Thu Sep 06, 2018 10:12 pm
inbox788 wrote:
Thu Sep 06, 2018 5:32 pm
... Nope, would probably be 1-2 phone calls a day to maybe ensure i'm on track with my retirement goals...
Just wanted to check: 1-2 calls per year, right? If per day, I can't imagine they would keep you as a customer very long, or that the conversations would be very productive.
by Iridium
Thu Sep 06, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Recommendations
Replies: 7
Views: 871

Re: Insurance Recommendations

Pretty much anyone who offers renter's insurance will offer insurance on an engagement ring, but you might have to call to get the quote. Generally, I would approach the call as stating up front that you need both renter's insurance and coverage for the engagement ring. Depending on how they approac...
by Iridium
Thu Sep 06, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Planner really expensive?
Replies: 19
Views: 1994

Re: Financial Planner really expensive?

Their pricing is not awful relative to the market (1% seems to be considered 'standard'). Financial Engines' corporate philosophy largely follows the Bogleheads philosophy (no experience with their advisors). The real problem/trick is that they are comparing a fixed amount to an annual or monthly am...
by Iridium
Thu Sep 06, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Scaring the Old Folks
Replies: 71
Views: 8081

Re: Scaring the Old Folks

...now I am starting to wonder where the idea your expenses will go down comes from. It seems you save on commute, but end up paying more in utilities and entertainment. Where is the big source of savings? For us, our expenses dropped substantially because the house was paid off, the kids were done...
by Iridium
Thu Sep 06, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much Umbrella Insurance coverage needed?
Replies: 65
Views: 11984

Re: How much Umbrella Insurance coverage needed?

(2) Carry enough so that any excess over the quantity in (1) will not make a significant difference in your future lifestyle. In my case, there is likely to be zero lifestyle difference if I have $5m+. Can you explain this criterion? In the hypothetical $10MM judgement w/ $5M umbrella and $5.5M of ...
by Iridium
Thu Sep 06, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Scaring the Old Folks
Replies: 71
Views: 8081

Re: Scaring the Old Folks

I saw an article in the paper (think it was WSJ) that said the same thing, but made the point a bit better: as a worker, much of your waking hours are spent on an activity that is pretty cheap: you commute in and maybe buy lunch. Otherwise, pretty much everything you spend 9-5 is covered by your emp...
by Iridium
Wed Sep 05, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29090

Re: Do you have an umbrella policy?

Note that the MetLife example only supposes that you get sued for a million, it does not actually state that the limit of coverage is a million.

That being said, umbrellas that subtract out the underlying are out there, so like all things umbrella, you need to read the contract to know what you have.
by Iridium
Wed Sep 05, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29090

Re: Do you have an umbrella policy?

We have 1mil...i wanted more, but to go to 2mil was more than double the cost. My insurer apparently does NOT like higher umbrella policies! So stayed with what I had for now. Just can't bring myself to pay more than 2x as much. Ah, I see why they're charging more. Usually 2M is less than 1M becaus...
by Iridium
Wed Sep 05, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: I hit the magic side hustle milestone in August
Replies: 19
Views: 4830

Re: I hit the magic side hustle milestone in August

Hey Spoco You could open a LLC and file for an S Corp with IRS. You should be able to save more on taxes. You can open a Solo 401K and save more. Consult with a CPA to get the details. I do not believe that filling as S Corp saves any money compared to sole proprietor. In fact, my understanding is ...
by Iridium
Wed Sep 05, 2018 3:48 pm
Forum: Personal Consumer Issues
Topic: HVAC annual contracts vs yearly annual cleaning
Replies: 32
Views: 2189

Re: HVAC annual contracts vs yearly annual cleaning

Is it the same company? Is there a difference between the $85 tune-up and the tune-up valued at $140?
by Iridium
Wed Sep 05, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a condo by a university
Replies: 11
Views: 1091

Re: Investing in a condo by a university

Personally, I would not do this. Take your kids' college away from it. Does it make sense to get into the business of investing in campus housing 3-4 hours away from where you live? You are concentrating risk in an area you do not have local knowledge of. In addition, your numbers do not include mai...
by Iridium
Wed Sep 05, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: I hit the magic side hustle milestone in August
Replies: 19
Views: 4830

Re: I hit the magic side hustle milestone in August

Hey Spoco You could open a LLC and file for an S Corp with IRS. You should be able to save more on taxes. You can open a Solo 401K and save more. Consult with a CPA to get the details. I do not believe that filling as S Corp saves any money compared to sole proprietor. In fact, my understanding is ...
by Iridium
Wed Sep 05, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Horrible Experience with Ally New Account Opening Process
Replies: 43
Views: 7534

Re: Horrible Experience with Ally New Account Opening Process

Wait, why does a bank need your credit score in order to open a bank account for you? They aren't extending you credit. Nosiness for the sake of nosiness? Or, they don't want to open an account for anyone who isn't prequalified for other products they might want to sell them later? Nosiness for the...
by Iridium
Tue Sep 04, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: I hit the magic side hustle milestone in August
Replies: 19
Views: 4830

Re: I hit the magic side hustle milestone in August

If there is a question in all of this, I am a bit worried about taxes at the end of the year. I'm looking at right at $70k in self employment income and have planned for about $25k in taxes. Is there any way I can minimize this? If you setup an individual 401k, you should be able to sock away $14k ...
by Iridium
Tue Sep 04, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Walmart is not Amazon
Replies: 54
Views: 6673

Re: Walmart is not Amazon

ETA - the only actionable item for this thread, in my opinion, is to validate WHOM you are actually buying from for both Amazon and WalMart. There are unfortunately many unscrupulous 3rd party sellers on both. Yes but, in Amazon's case, they will take action to compensate you and jump into reseller...
by Iridium
Tue Sep 04, 2018 2:00 am
Forum: Investing - Theory, News & General
Topic: The impact of future companies on a country's growth prospects?
Replies: 2
Views: 312

Re: The impact of future companies on a country's growth prospects?

This suggests a question: if a country has a market environment that is ideal for new businesses to thrive, how much of that can be captured by the current total market cap of that country? Theoretically, about none of it. Don't forget that the 'total market cap of the country' is no more than the ...
by Iridium
Sun Sep 02, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Placing a stop-loss order with vanguard
Replies: 29
Views: 2341

Re: Placing a stop-loss order with vanguard

3. The fee from vanguard is $7.00 for this transaction in addition to the $7.00 fee to buy a stock/eft? No. That is the total commission. No extra charge for stop loss. 4. If the duration is set to 60-day, at the end of the 60-day period I would need to place another stop loss order (assuming the p...
by Iridium
Fri Aug 31, 2018 3:11 am
Forum: Investing - Theory, News & General
Topic: how much is term life insurance worth? (mortality table)
Replies: 11
Views: 1259

Re: how much is term life insurance worth? (mortality table)

1) Members of the IEEE are probably less likely to die then the average population. They are less likely to be in dangerous jobs. They are more likely to be upper middle or upper class (socioeconomic class is very strongly correlated with longevity). My auto carrier seems to believe engineers are le...
by Iridium
Thu Aug 30, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: Can margin be beneficial for long-term investing?
Replies: 61
Views: 3511

Re: Can margin be beneficial for long-term investing?

Here is IB's page on comparison of rates across brokers. Clearly IB has the lowest rates according to their chart but I'm trying to figure out how anyone can make money with these interest rates? https://www.interactivebrokers.com/en/index.php?f=18069&gclid=EAIaIQobChMI4oizrcuV3QIVHrjACh2jdgw7EAAYA...
by Iridium
Thu Aug 30, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Transfer of ESPP shares not allowed
Replies: 4
Views: 250

Re: Transfer of ESPP shares not allowed

My company allows transfers. The reason yours does not may be that the company is entitled to certain deductions if the shares are sold within a couple of years. If the shares are transferred, there is no way for the company to know when shares are sold. Perhaps they would allow transfers after 2 ye...
by Iridium
Tue Aug 28, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting myself against suit for Personal Injury
Replies: 19
Views: 2620

Re: Protecting myself against suit for Personal Injury

LI guess the first step is to find a lawyer, and have the lawyer contact State Farm. Thanks again. No. Call State Farm today, do not worry about getting your own lawyer until later, if at all. Liability cases should be straight forward from a coverage standpoint, but any delay in reporting a claim ...
by Iridium
Tue Aug 28, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting myself against suit for Personal Injury
Replies: 19
Views: 2620

Re: Protecting myself against suit for Personal Injury

While insurance varies by state, it is almost certainly the case that your old umbrella provides coverage. In fact, the plaintiff may have somehow found out about it, which is why they are not trying to settle for the limits of your auto. You need to contact State Farm ASAP to report this as a claim...
by Iridium
Tue Aug 28, 2018 1:56 am
Forum: Investing - Theory, News & General
Topic: You Invest from JP Morgan [free trades offer]
Replies: 69
Views: 4421

Re: Discount broker stocks dive on news J.P. Morgan Chase to offer free trading

It is probably more about retaining/growing than winning accounts, but this won't retain us unless there is also an umbrella provision wherein non-banking assets custodied at JPM count (with some nonzero multiplier anyway) toward fee waiver thresholds on the Premier banking products; otherwise, we'...
by Iridium
Mon Aug 27, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to best evaluate a non-profit
Replies: 3
Views: 347

Re: How to best evaluate a non-profit

The most detailed reports I have found are at Givewell and Impact Matters. However, such detailed and invasive analysis can only be done on a small number of charities. Form 990/Guidestar can sometimes help, but the numbers really have to be taken in context. A charity that has a couple people in he...
by Iridium
Mon Aug 27, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Sell highly-technical books or hold onto (somewhat unreal) fantasy that I'll read them
Replies: 16
Views: 1009

Re: Sell highly-technical books or hold onto (somewhat unreal) fantasy that I'll read them

If you want to sell them, you should sell them. Even if it is the 'wrong' decision and you later want to read the books, it will be easy to find used copies floating around. Especially if these books do the typical textbook thing and rotate editions every couple of years. No student wants a textbook...
by Iridium
Mon Aug 27, 2018 2:54 am
Forum: Personal Finance (Not Investing)
Topic: SALT: IRS issues proposed regs for State Tax Credit for Donation
Replies: 62
Views: 6009

Re: SALT: IRS issues proposed regs for State Tax Credit for Donation

Alabama has had a program in place for about 5 years, with a 100% state tax credit for up to one-half of state income taxes for charitable contributions to a "scholarship granting organization (SGO)". There are several SGOs set up in Alabama which provide scholarships for worthy students to private...
by Iridium
Thu Aug 23, 2018 1:26 am
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5244

Re: Test your cognitive biases

Start reading the BBC feature at http://www.bbc.com/future/story/20180814-how-we-should-think-about-uncertainty and click on "Click here to measure your risk literacy." From the article, not the test, can anyone explain why 1 is supposed to be the correct answer to the toothpaste question and not 2...
by Iridium
Mon Aug 20, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: No advance notice to employer
Replies: 42
Views: 3949

Re: No advance notice to employer

The bad recommendation is a threat, but it is extremely rare to follow up on references anyway. Agree that references are rarely anything more than verifying dates of prior employment. However, if a hiring manager knows someone working at his/her company that used to work at your former employer, t...
by Iridium
Sun Aug 19, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 68922

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I'm sure it's addressed somewhere in this long thread, but what are the chances of VG following suit? I don't understand how they can withstand conceding the ER high ground long term. Vanguard has not had the lowest ERs in years. I believe Schwab, Fidelity, and Blackrock all had ERs of 0.03 for the...
by Iridium
Sun Aug 19, 2018 2:41 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 68922

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Would anyone else expect a competitor to come out with a negative ER fund? Certainly would make for great TV commercials. Well, Fidelity sometimes pays brokerage bonus for transferring money in, so we are sort of already there. Not to mention that Fidelity is aggressive in pursuing securities lendi...
by Iridium
Fri Aug 17, 2018 12:24 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account for Minor
Replies: 28
Views: 2017

Re: Brokerage Account for Minor

The VG rep I talked to steered me to fill out a Successor Custodian Designation form, which states "use this form to designate a successor to replace you as custodian on a Vanguard Uniform Gifts/Transfers to Minors Act (UGMA/UTMA) account in the event of your resignation, incapacity, or death. Don’...
by Iridium
Thu Aug 16, 2018 1:13 am
Forum: Personal Finance (Not Investing)
Topic: [Highly Compensated Employee - 401(k) refund]
Replies: 2
Views: 507

Re: [Highly Compensated Employee - 401(k) refund]

You should talk to your custodian about it. Technically, your cutoff is when the company has to file its taxes (April 15 for some proprietor). However, it relies on the 401k documents getting drawn up properly and the custodian able to receive instructions that you want the contribution applied to t...
by Iridium
Thu Aug 16, 2018 12:26 am
Forum: Personal Consumer Issues
Topic: LA weather in April - Planning Disney
Replies: 5
Views: 391

Re: LA weather in April - Planning Disney

April will not be too cold. Cannot guarantee it will be shorts weather, but I doubt you would need a jacket, other than possibly at night. Disneyland isn't like the beach in that the experience is not enhanced by it being baking hot out. April may or may not be beach weather, but it is Disney weathe...
by Iridium
Sun Aug 12, 2018 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Insurance - Move wife to separate plan?
Replies: 6
Views: 712

Re: Question on Insurance - Move wife to separate plan?

any other opinions? Almost certainly a winner. However, it is not hitting out of pocket max that will get you (2 members of your family would have to suffer catastrophes), it will be the fact that wife's spending will no longer count against your deductible. Still a likely winner, assuming wife has...
by Iridium
Sat Aug 11, 2018 12:37 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 141
Views: 9071

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

From what I've read, treasury futures only require something like 3% margin, which for the 60% bonds means they've got a margin requirement of about 1.8% of total assets, meaning the fund is overcollateralized by over 5.5x before it hits a margin call. This is why it is so important that this fund ...
by Iridium
Sat Aug 11, 2018 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3416

Re: Buy back service time on pension

What's the advantage to waiting longer to do the back? And can you explain how inflation factors in? Is the issue that the spending power of the amounts I'm quoting won't go very far in, e.g., 20 years? If I were to invest that same amount, $58,643, in the market (taxable accounts) and assuming a 5...
by Iridium
Sat Aug 11, 2018 12:03 am
Forum: Investing - Theory, News & General
Topic: financial planning and the unknowability of the future
Replies: 15
Views: 1468

Re: financial planning and the unknowability of the future

For example, I prefer to contribute to a workplace deferred account (account A) in order to maximize present day tax avoidance although I could contribute to another account, a traditional or Roth IRA (account B), with lower expense ratios. Near term, the one account gives substantial tax savings. ...
by Iridium
Fri Aug 10, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3416

Re: Buy back service time on pension

OP, what is your age? The 'deal' varies dramatically depending on your age. Also, when does inflation adjustment start kicking in? When you leave the job? When you start taking payments? Now? Out of curiosity, what happens if you wait to do buy back? Does the price increase? What prevents you from m...
by Iridium
Thu Aug 09, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: CD Index?
Replies: 3
Views: 386

Re: CD Index?

CDs are insured up to $250K. When things go wrong at a bank, they have the ability to really blow up (i.e. depositors over the limit take a 50% haircut). As a result, you really, really want to stay below FDIC limits. Which is easy as an individual, but would be more or less impossible for a hypothe...
by Iridium
Wed Aug 08, 2018 11:56 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 68922

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Certainly from a strategy standpoint I understand why they would limit this to mutual funds. But from a structure standpoint there seems to be nothing stopping a company from doing this with ETFs. ETFs still gather assets under management. Right. Not arguing that an ETF cannot be made zero expense....
by Iridium
Wed Aug 08, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 68922

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Can you clarify why zero fee fund strategy doesn't work for ETF's? As best anyone can tell, the zero fund strategy is a way to gather assets onto your platform. For Fidelity, they might be hoping to tempt folks into active funds or advisory. If Schwab did it, they would be hoping that folks keep so...