Search found 82 matches

by jmorgans
Thu Sep 17, 2020 9:18 am
Forum: Personal Consumer Issues
Topic: Best Company for Powered Blinds
Replies: 3
Views: 390

Re: Best Company for Powered Blinds

My Hunter Douglas powered shades have gone back to the factory for repair multiple times. I wouldn’t pay for the name next time.
by jmorgans
Mon Sep 14, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Which refi would save me more?
Replies: 20
Views: 1206

Re: Which refi would save me more?

Also keep in mind that mortgage loans get sold all the time, so the bank you borrow from is not necessarily the bank that is going to service your loan long term. Also, the mortgage broker is representing a bank which could very well BE Wells Fargo. Wouldn’t you feel silly if you went with the broke...
by jmorgans
Mon Sep 14, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Which refi would save me more?
Replies: 20
Views: 1206

Re: Which refi would save me more?

I can’t think of any reason to go with the mortgage broker over Wells Fargo. If you hate WF that much then bring the WF loan estimate to the mortgage broker and ask him or her to beat it. I doubt the 3% no closing cost rate makes any sense mathematically unless you are planning on selling and moving...
by jmorgans
Fri Jul 10, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Looking to negotiate a price reduction for a vitamin D test invoiced about triple or quadruple the going rate
Replies: 12
Views: 1483

Re: Looking to negotiate a price reduction for a vitamin D test invoiced about triple or quadruple the going rate

It’s not just Quest. It’s almost every provider of medical care in this country. The business model is to give a fair deal only to insurance companies. Everyone else they attempt to price gouge. Your best position to negotiate is before the test is done. Of course at that point you may not know whet...
by jmorgans
Tue Jun 16, 2020 7:47 pm
Forum: Personal Consumer Issues
Topic: Should I sell my stash of dental floss now worth $3,000?
Replies: 123
Views: 14822

Re: Should I sell my stash of dental floss now worth $3,000?

Sell call options on the dental floss so you’re only required to sell it if above the strike price. Maybe can pocket some cash and keep your floss!
by jmorgans
Mon Jun 08, 2020 5:37 pm
Forum: Personal Consumer Issues
Topic: Looking at buying house with in-ground pool. What questions should we ask?
Replies: 62
Views: 3935

Re: Looking at buying house with in-ground pool. What questions should we ask?

When I bought my home it’s pool already was leaking. As a pool newbie I thought it was from cracks in the plaster. So we resurfaced and it looked a whole lot nicer but didn’t fix the leaks. That is because leaks are generally in the plumbing. And the older the plumbing the more likely it will leak. ...
by jmorgans
Wed Mar 04, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Spouse Inherited IRA and 1099-R Incorrect
Replies: 5
Views: 414

Re: Spouse Inherited IRA and 1099-R Incorrect

Did Firm A create a new inherited IRA account number for mother (the usual practice), and then transfer the balance to that account before it was sent to C? If so, I have never heard of that generating a 1099R, but anything is possible. Yes. In fact she kept her account with Firm A for several mont...
by jmorgans
Tue Mar 03, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Inherited IRA and 1099-R Incorrect
Replies: 5
Views: 414

Re: Spouse Inherited IRA and 1099-R Incorrect

Thanks for your responses. My father was in his 70s and already taking RMDs. He had not yet taken the RMD for 2019 but those were distributed to my mother at the same time that she inherited the accounts.
by jmorgans
Tue Mar 03, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Inherited IRA and 1099-R Incorrect
Replies: 5
Views: 414

Spouse Inherited IRA and 1099-R Incorrect

I read a few of these posts but didn't find any that matched this exact situation: My mother inherited 3 IRAs from my father last year (firms A, B, and C). She opened her own IRA at each firm to receive the assets and subsequently consolidated them by transferring the IRAs at firms A and B to her ow...
by jmorgans
Tue Feb 25, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Identity theft
Replies: 13
Views: 2077

Re: Identity theft

I have obtained and frozen my experian, equifax, transunion, and chexsystems reports and so far haven’t had any more problems (that I know of). What bothers me is that one of the new accounts was a prepaid debit card called movo and I can not find an inquiry from them on any of the reports. Movo re...
by jmorgans
Tue Feb 25, 2020 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Identity theft
Replies: 13
Views: 2077

Re: Identity theft

I have obtained and frozen my experian, equifax, transunion, and chexsystems reports and so far haven’t had any more problems (that I know of). What bothers me is that one of the new accounts was a prepaid debit card called movo and I can not find an inquiry from them on any of the reports. Movo ref...
by jmorgans
Wed Feb 12, 2020 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Identity theft
Replies: 13
Views: 2077

Identity theft

So my identity was stolen and two bank accounts were opened in my name. It appears the thief had my SSN, birthdate and enough other info to open the accounts. I have taken all the necessary steps (closing the accounts, police report, FTC, freezing credit reports, changing passwords). My question is ...
by jmorgans
Fri Jan 24, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 98
Views: 7116

Re: Umbrella insurance cost

Paying Geico $1100 for two adults and a 19 yo au pair. I used to pay around $400 and it skyrocketed when we added the 19 yo and third car. Also NY passed a law disallowing preferential rates based on education which also did not help. I need to shop around but not optimistic. You could start by seei...
by jmorgans
Mon Dec 30, 2019 7:31 pm
Forum: Personal Investments
Topic: Vanguard Utilities Index (VUIAX)
Replies: 12
Views: 1090

Re: Vanguard Utilities Index (VUIAX)

One would think utilities would do well in a market correction but the fund you mention dropped by 28% in 2008. When fear takes over, nobody wants anything but treasuries.
by jmorgans
Wed Dec 11, 2019 7:07 pm
Forum: Personal Consumer Issues
Topic: Which iPhone would you buy today?
Replies: 102
Views: 7736

Re: Which iPhone would you buy today?

iPhone X I think is the best value out there if you can find one. Telephoto lens and OLED screen are two features you’d have to spend a lot more to find on a current model.
by jmorgans
Mon Dec 02, 2019 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: I passed on making $3
Replies: 42
Views: 4904

Re: I passed on making $3

I too would pass on the $3 but look at other opportunities such as new card signup bonuses, spending threshold bonuses, upgrade bonuses, etc.
by jmorgans
Tue Aug 27, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Zelle at non-participating Bank/CU
Replies: 24
Views: 1776

Re: Zelle at non-participating Bank/CU

Ice-9 wrote: Tue Aug 27, 2019 9:41 am Popmoney charges the sender $1 every transaction.
I don’t think this is true anymore, at least according to my CU.
by jmorgans
Tue Aug 27, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Zelle at non-participating Bank/CU
Replies: 24
Views: 1776

Re: Zelle at non-participating Bank/CU

I was going to try out the Ally app but I looked at the reviews and they are abysmal! Seems it is much better to use a bank that supports it. Sorry, not Ally app, I meant to say the Zelle app which is supposed to work with any bank including those that don’t support it natively. However the Zelle a...
by jmorgans
Tue Aug 27, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Zelle at non-participating Bank/CU
Replies: 24
Views: 1776

Re: Zelle at non-participating Bank/CU

I was going to try out the Ally app but I looked at the reviews and they are abysmal! Seems it is much better to use a bank that supports it.
by jmorgans
Mon Aug 26, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle at non-participating Bank/CU
Replies: 24
Views: 1776

Re: Zelle at non-participating Bank/CU

bogleboy wrote: Mon Aug 26, 2019 8:16 pm Can’t enroll their debit card yet in the service via the Zelle stand alone app either.
Why not? I thought any bank’s debut card would work.
by jmorgans
Mon Aug 26, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle at non-participating Bank/CU
Replies: 24
Views: 1776

Re: Zelle at non-participating Bank/CU

We recently switched to Fidelity for our primary checking needs, which is not currently a participating Zelle institution. However, we decided to leave our Zelle account linked to our CapOne360 checking account. We keep very little money in it and thus it limits our liability issues. Would you cons...
by jmorgans
Mon Aug 26, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle at non-participating Bank/CU
Replies: 24
Views: 1776

Re: Zelle at non-participating Bank/CU

Swimmer wrote: Mon Aug 26, 2019 6:48 pm What’s the difference between Zelle and PopMoney?
One is Betamax and the other VHS but we don’t know which is which yet.
by jmorgans
Mon Aug 26, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle at non-participating Bank/CU
Replies: 24
Views: 1776

Zelle at non-participating Bank/CU

I am thinking about breaking up with Chase and switching to a credit union that does not participate with Zelle. The CU does have PopMoney and I may be able to use this sometimes but most of my friends/family/colleagues use Zelle to reimburse each other. I was looking at the Zelle app and it looks l...
by jmorgans
Tue Jun 11, 2019 5:46 pm
Forum: Personal Consumer Issues
Topic: Thinking of leasing bmw 3 series
Replies: 56
Views: 5045

Re: Thinking of leasing bmw 3 series

There is a reason why Dave Ramsey calls leases, fleeces. Guess? Driving a new car is a luxury for sure, one on which some of us choose to spend our hard earned money. But getting fleeced? Like every other deal that depends on the terms. People get fleeced financing their cars, and yes even paying c...
by jmorgans
Tue Jun 11, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: Thinking of leasing bmw 3 series
Replies: 56
Views: 5045

Re: Thinking of leasing bmw 3 series

Just to correct what one poster said- you do not need to service the car at the dealership you leased it from. In fact I don’t think I ever have. I will lease from whoever gives me the best price and service it at the most convenient one. They are happy to have me and will even give me loaner cars!
by jmorgans
Thu Apr 18, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: dropping umbrella and increasing auto liability
Replies: 56
Views: 3856

Re: dropping umbrella and increasing auto liability

Geico just terminated my umbrella policy because I moved my auto and home policies to Esurance (after a hefty 50% increase in premiums). Esurance offers umbrella policy and is quoting me $309 for a 1M cover. Can anyone suggest another insurance provider that will underwrite umbrella policy as stand...
by jmorgans
Thu Apr 18, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: dropping umbrella and increasing auto liability
Replies: 56
Views: 3856

Re: dropping umbrella and increasing auto liability

Getting back to the original question, I think for the reasons stated here it makes sense for the OP to keep the $1 million umbrella. However when the time comes that he/she would want additional coverage, I think it makes A lot of sense to max out the auto liability limits rather than adding a sec...
by jmorgans
Thu Apr 18, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: dropping umbrella and increasing auto liability
Replies: 56
Views: 3856

Re: dropping umbrella and increasing auto liability

Getting back to the original question, I think for the reasons stated here it makes sense for the OP to keep the $1 million umbrella. However when the time comes that he/she would want additional coverage, I think it makes A lot of sense to max out the auto liability limits rather than adding a seco...
by jmorgans
Wed Apr 17, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: dropping umbrella and increasing auto liability
Replies: 56
Views: 3856

Re: dropping umbrella and increasing auto liability

I have both simply because my auto policy won’t let me go above $1M. But I found the same thing as you- it is much More cost effective to increase your auto limits than umbrella. A lot of people assume the opposite and don’t actually look at the numbers.
by jmorgans
Tue Mar 26, 2019 9:28 am
Forum: Investing - Theory, News & General
Topic: How does a treasury bond fund lose money?
Replies: 15
Views: 1585

How does a treasury bond fund lose money?

If I purchase a treasury bond and hold it to maturity, I receive the promised interest rate and return of principal, as there is no default risk. I cannot lose money (ignoring inflation and opportunity costs). Yet, when I look at treasury bond index funds (VFITX- Vanguard Intermediate Treasury Fund ...
by jmorgans
Mon Mar 04, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life without cash value accumulation
Replies: 22
Views: 1545

Re: Universal Life without cash value accumulation

Nate79 wrote: Mon Mar 04, 2019 8:54 pm Why do you need life insurance at age 95?
I probably won’t, and would likely cancel it before then. But I can see possibly needing it beyond 65 which is when my current term policies expire.
by jmorgans
Mon Mar 04, 2019 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life without cash value accumulation
Replies: 22
Views: 1545

Universal Life without cash value accumulation

I have been given a quote for universal life insurance which does not accumulate cash value. It is a "pure" insurance product which I can keep until age 95, after which it expires with zero cash value. It should function much like a term policy but with a much longer term. I have only seen universal...
by jmorgans
Sun Nov 25, 2018 8:28 pm
Forum: Personal Consumer Issues
Topic: Destroying my lease mileage
Replies: 26
Views: 2902

Re: Destroying my lease mileage

This makes absolutely no sense. It’s to the leasing company’s benefit to take it back early. They get the remaining payments from you early and they get to resell the car early. If they were going to penalize for this thenyou’d just leave it sitting In your garage/driveway unregistered then and ride...
by jmorgans
Sun Nov 25, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Destroying my lease mileage
Replies: 26
Views: 2902

Re: Destroying my lease mileage

Every leasing company has different rules so first check what the penalty is. Some charge less per mile if you pay mid-lease rather than waiting till the end. Many manufacturers will allow you to turn in the car early if you lease another with them, waiving your last several payments. What is not ge...
by jmorgans
Sun Nov 18, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Supplemental Spousal Liability NY
Replies: 0
Views: 220

Supplemental Spousal Liability NY

New York requires auto insurance companies to offer this unusual coverage. It extends your liability coverage so that you can sue your spouse in the event of an auto accident when you are at fault and spouse is injured (or vice versa). For me the additional cost is about $120/year so not bank-breaki...
by jmorgans
Thu Nov 15, 2018 8:23 am
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 215
Views: 36955

Re: You Invest by JP Morgan Chase

Can anyone confirm that $5000 in a Youinvest IRA counts as an investment balance for the purpose of getting their checking account monthly minimum and fee waived? I moved my IRA over to Chase You Invest so that I could get the premier checking without having to hit certain requirements every month....
by jmorgans
Tue Nov 13, 2018 10:14 pm
Forum: Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5697

Re: Oops! Edward Jones tops Vanguard in customer survey

Reminds me of patient satisfaction surveys in which the highest rated physicians are those who agree to prescribe antibiotics, order CAT scans and do unnecessary measures that patients demand. Patients leave happy but they are not getting quality care.
by jmorgans
Mon Nov 12, 2018 3:49 pm
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 215
Views: 36955

Re: You Invest by JP Morgan Chase

Can anyone confirm that $5000 in a Youinvest IRA counts as an investment balance for the purpose of getting their checking account monthly minimum and fee waived? I don't believe retirement accounts count towards the minimum. They don’t for the purpose of obtaining a Sapphire bonus. However I canno...
by jmorgans
Mon Nov 12, 2018 2:20 pm
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 215
Views: 36955

Re: You Invest by JP Morgan Chase

Can anyone confirm that $5000 in a Youinvest IRA counts as an investment balance for the purpose of getting their checking account monthly minimum and fee waived?
by jmorgans
Mon Nov 05, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: Car rentals, what is the catch?
Replies: 46
Views: 6432

Re: Car rentals, what is the catch?

I did a prepaid rental with National through Autoslash recently and was happy to save $50. Definitely do it!
by jmorgans
Fri Oct 12, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Should we rent a car or take our low mileage 2006 Volvo on a family trip?
Replies: 49
Views: 3502

Re: Should we rent a car or take our low mileage 2006 Volvo on a family trip?

Not worth playing the rental car lottery over the holidays if you can help it unless you have some sort of "status" at the rental company and a rental location with a high volume of the types of cars you're looking for. Rental car companies are notorious for: 1) Not having your car ready when you g...
by jmorgans
Sun Sep 30, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: When the $2000 deductible bites you in the rear end!
Replies: 30
Views: 4414

Re: When the $2000 deductible bites you in the rear end!

That particular driving situation always frustrates me. They think they’re being nice but it just creates a dangerous situation. Better they keep going and you’ll make your turn when an opening comes up naturally. I feel your pain.
by jmorgans
Thu Aug 30, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: Buying a used Subaru
Replies: 16
Views: 2724

Re: Buying a used Subaru

An update: as much as I enjoy searching for the hidden gem used car, it made much more sense to go new in this case. I found a great deal on a 2018 Impreza hatch with eyesight. $500 from Costco sweetened the deal!
by jmorgans
Thu Aug 23, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: Buying a used Subaru
Replies: 16
Views: 2724

Re: Buying a used Subaru

Lots of helpful information, thanks! It seems with the possible exception of Legacy it makes more sense to buy new.
by jmorgans
Thu Aug 23, 2018 3:07 pm
Forum: Personal Consumer Issues
Topic: Buying a used Subaru
Replies: 16
Views: 2724

Buying a used Subaru

I know there are a lot of Subaru enthusiasts on here so I figured I’d check with you. I’m looking to buy a late model Impreza or Legacy. As you’d expect, the majority for sale are off a 3 year lease, so the bumper to bumper warranty is expired with about 2 years of Powertrain warranty remaining. I’v...
by jmorgans
Sun Mar 11, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: car lease calculation with trade in
Replies: 4
Views: 482

Re: car lease calculation with trade in

They can do it either way. I would opt for a check for several reasons: 1) assuming interest rate is low you take great advantage of it 2) keeps the transaction simpler so you can compare quotes from multiple dealers and/or private sale of the car 3) most important- the trade-in could be considered ...
by jmorgans
Thu Dec 21, 2017 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 73868

Re: Can I pre-pay 2018 mortgage and deduct interest on 2017 taxes?

I don't understand why you're so gung ho to pay interest early when you only get a portion of it refunded. How much depends on your tax bracket. If you have extra money put it toward paying down the principal where 100% of it reduces your outstanding balance. Just a guess but itemizing for 2017 and...
by jmorgans
Fri Jun 24, 2016 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage options with 10% down in NY
Replies: 5
Views: 855

Re: Mortgage options with 10% down in NY

Thinking about this makes me wonder why anyone gets PMI? Do they not qualify for the second mortgage? Are they putting down less than 10%?
by jmorgans
Fri Jun 24, 2016 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage options with 10% down in NY
Replies: 5
Views: 855

Re: Mortgage options with 10% down in NY

I recall people a few years ago taking an 80% LTV mortgage and then closing on a 10% home equity loan at the same time to avoid PMI. Not sure if this is still an option?
by jmorgans
Thu Jun 02, 2016 11:35 am
Forum: Personal Consumer Issues
Topic: Discounted Gift Card Websites - issue
Replies: 11
Views: 1980

Re: Discounted Gift Card Websites - issue

You should not have any trouble getting your money back if the card arrived with no value. The more typical scam is the seller writes down the card number and empties the card AFTER the buyer receives it and checks the balance.