Search found 3023 matches

by Nate79
Mon Aug 20, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: I saved $3,200 on a $23,500 car with minimal stress.
Replies: 26
Views: 2346

Re: I saved $3,200 on a $23,500 car with minimal stress.

That's very good! I tried a similar approach looking at a specific new 2018 GMC not long ago and only one dealer even replied to my e-mail offering minimal discounts. I've wondered if they've become wiser in dealing with us deal seekers. I wanted an Acadia. I ended up with a different make/model al...
by Nate79
Mon Aug 20, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 60
Views: 2474

Re: Excessive Emergency Room Charges - Options?

Typically the hospital contract with the insurance company does not allow them to negotiate down the charges. They have specific contracted amounts that if you want your insurance to cover (vs paying cash) then you must pay the contracted amount which is what shows on your EOB. Typically since you h...
by Nate79
Mon Aug 20, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 60
Views: 2474

Re: Excessive Emergency Room Charges - Options?

Can you keep them from sending to collections if you set up an auto-pay from your bank for $5 a month? No, you need to setup a payment plan with the hospital. What insurance coverage do you have? (deductible/OOP max) Was this truly an emergency such that you knew you were going to be paying more fo...
by Nate79
Mon Aug 20, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Sheraton Kauai timeshare
Replies: 30
Views: 2792

Re: Sheraton Kauai timeshare

by Nate79
Sun Aug 19, 2018 7:37 pm
Forum: Investing - Theory, News & General
Topic: Yield Plus HSA option
Replies: 12
Views: 511

Re: Yield Plus HSA option

So an extra 2 dollars a year?
by Nate79
Sun Aug 19, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance for Young Couple
Replies: 41
Views: 3296

Re: Term Life Insurance for Young Couple

My wife and I are both applying for term insurance. We are both in our twenties. I work a regular job and my wife is currently volunteering her time. Because my wife is a "non-working spouse" her maximum coverage amounts (years and dollars) seems to be tied to the amount of term life insurance cove...
by Nate79
Sun Aug 19, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Sellers beware on eBay.
Replies: 42
Views: 3350

Re: Sellers beware on eBay.

We only sell items in person with cash advertised on Craigslist and FB. I would never sell on Fleabay.
by Nate79
Sun Aug 19, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 12114

Re: Remind me (again) how real estate isn't a GREAT investment?

The most glaring problem of this discussion is the complete ignoring of the risk associated with the use of leverage to boost real estate returns. Certainly due to the nature of the loans it is not the same risk compared to margin loans to invest in stocks but still there is risk. The idea of payin...
by Nate79
Sun Aug 19, 2018 11:12 am
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 37
Views: 5597

Re: My son was scammed on Craigslist- how to get money back

Expensive life lesson. Craigslist warns to never wire money like this and yet people do it anyways.
by Nate79
Sun Aug 19, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Expanding portfolio, real estate vs REITs, vs crowdfunding
Replies: 19
Views: 999

Re: Expanding portfolio, real estate vs REITs, vs crowdfunding

So far I am liking Fundrise where I have a small portion of my portfolio to test the waters. But really too early to tell.
by Nate79
Sun Aug 19, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: The word "401k" not present on www.sipc.org
Replies: 3
Views: 462

Re: The word "401k" not present on www.sipc.org

I was trying to find confirmation that a 401k is considered a separate capacity by SIPC and was surprised to find that they don't use the word "401k" anywhere on the website. Does that seem weird to anyone else? Why should they mention that? SIPC reports to the SEC. 401(k) trusts fall under the Dep...
by Nate79
Sun Aug 19, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: PCP Wants Full Charge Up Front [Primary Care Physician]
Replies: 83
Views: 4273

Re: PCP Wants Full Charge Up Front

This is becoming more common. There are too many deadbeats out there who don't pay their bills. An ever increasing bad debt line can really hurt a private practice. I don't have a problem with it. Keep in mind, no one complains when the dentist makes you pay up front (which most have done for ever!...
by Nate79
Sun Aug 19, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 12114

Re: Remind me (again) how real estate isn't a GREAT investment?

The most glaring problem of this discussion is the complete ignoring of the risk associated with the use of leverage to boost real estate returns. Certainly due to the nature of the loans it is not the same risk compared to margin loans to invest in stocks but still there is risk. The idea of paying...
by Nate79
Sat Aug 18, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 88
Views: 3919

Re: Your major and investing/finance?

BS in Chemistry, math minor then PhD in Chemistry. An interest in math and numbers for sure but finding this site educated me on all things investing.
by Nate79
Sat Aug 18, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: Workers on Corporate Boards - Principal-Agent Problem
Replies: 14
Views: 848

Re: Workers on Corporate Boards - Principal-Agent Problem

Many here keep referring to the mutual ownership structure of Vanguard as being one of the main reasons to pick Vanguard, since they do not suffer from the principal-agent problem that non-mutual organizations (virtually all other major money managers) do suffer from. They do not have to "serve two...
by Nate79
Sat Aug 18, 2018 7:00 pm
Forum: Investing - Theory, News & General
Topic: Workers on Corporate Boards - Principal-Agent Problem
Replies: 14
Views: 848

Re: Workers on Corporate Boards - Principal-Agent Problem

Many here keep referring to the mutual ownership structure of Vanguard as being one of the main reasons to pick Vanguard, since they do not suffer from the principal-agent problem that non-mutual organizations (virtually all other major money managers) do suffer from. They do not have to "serve two...
by Nate79
Sat Aug 18, 2018 4:38 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 359
Views: 45356

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

Recently on Clark Howard podcast he discussed the recent Moviepass scam is when you try to cancel without you knowing they sign you up for the new plan and he said about the only way to get out seems to be by disputing with the credit card company. Good luck to anyone who signed up with this compan...
by Nate79
Sat Aug 18, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 359
Views: 45356

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

Recently on Clark Howard podcast he discussed the recent Moviepass scam is when you try to cancel without you knowing they sign you up for the new plan and he said about the only way to get out seems to be by disputing with the credit card company. How would Clark possibly know that since this is j...
by Nate79
Sat Aug 18, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: How Best to Utilize Permanent Life Insurance Upon Retirement
Replies: 22
Views: 1599

Re: How Best to Utilize Permanent Life Insurance Upon Retirement

delrinson - do you have the policies to leave a death benefit for someone? Not sure why this discussion should be about keeping these horrible products for another 15 years + retirement years. Better would be should I cancel this cr*p or not (yes) and what to do with the cash value. For very old in...
by Nate79
Sat Aug 18, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: Credit Card Fraud - $30K
Replies: 46
Views: 3933

Re: Credit Card Fraud - $30K

I have zero worry about my credit card accounts. I would never waste time with 2FA for a credit card where you are protected from fraud. I just monitor them regularly with mint.com.
by Nate79
Sat Aug 18, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: Switch to auto lease after retirement?
Replies: 38
Views: 2845

Re: Switch to auto lease after retirement?

Inbox788 points out some of the common mistakes in this type of analysis when one is wanting to "justify" a lease. In the case of the example given for the Volvo s90 these can be had significant off MSRP and even 1 year old used car gives significant discount. But car manufacturers would be out of b...
by Nate79
Sat Aug 18, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 12114

Re: Remind me (again) how real estate isn't a GREAT investment?

If you want a real estate investment but don't have effort/inclination to be hands on, then try one of the real estate crowdfunding sites: RealityShares, Fund this flip, etc. White Coat Investor invests in several of these options and I see it mentioned by other passive income financial blogs. I've...
by Nate79
Sat Aug 18, 2018 12:37 am
Forum: Investing - Help with Personal Investments
Topic: Moving from Morgan Stanley- Schwab or Vanguard
Replies: 9
Views: 900

Re: Moving from Morgan Stanley- Schwab or Vanguard

Ignore the cash drag in Scwab SIP. As I've posted in the past the actual fixed income yield (bond + cash) is greater than what you would get with Vanguard total bond index. Scwab offsets risk of high yield bond with FDIC cash. It's all spelled out on the website by design.
by Nate79
Sat Aug 18, 2018 12:29 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 12114

Re: Remind me (again) how real estate isn't a GREAT investment?

Are you confusing the down payment requirements for an owner occupied home vs an investment property? 0% down you say?
by Nate79
Fri Aug 17, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 359
Views: 45356

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

Recently on Clark Howard podcast he discussed the recent Moviepass scam is when you try to cancel without you knowing they sign you up for the new plan and he said about the only way to get out seems to be by disputing with the credit card company. Good luck to anyone who signed up with this company.
by Nate79
Fri Aug 17, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Helping elderly mother with her finances - 2 issues
Replies: 17
Views: 1650

Re: Helping elderly mother with her finances - 2 issues

Congrats to her for canceling the horrible WL insurance. Unfortunately many people who pay into these dreadful products either do not understand them or are too prideful to realize they wasted their money for years. The reason that it lost money is quite simple. First the insurance agent took the fi...
by Nate79
Fri Aug 17, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: Schwab users- question on alerts
Replies: 13
Views: 813

Re: Schwab users- question on alerts

The only alerts I have found are trading related and pop up thru the app notification on my smartphone.
by Nate79
Fri Aug 17, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Switch to auto lease after retirement?
Replies: 38
Views: 2845

Re: Switch to auto lease after retirement?

Post your example where you think a lease is significantly cheaper than buying. I'm surprised my arithmetic has any bearing on the question. I was an engineer and managed a large business so I can do arithmetic. But if it will help generate a useful response, here you go: Purchase price 60,000 Resa...
by Nate79
Fri Aug 17, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Switch to auto lease after retirement?
Replies: 38
Views: 2845

Re: Switch to auto lease after retirement?

Post your example where you think a lease is significantly cheaper than buying.
by Nate79
Fri Aug 17, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 18
Views: 2023

Re: Financially Wise to Help Adult Child Buy Larger House

Thank you for quick responses and ideas to consider. We have about $1m in IRAs and investments plus a house worth about $250K. I have LTC but my husband does not. His IRAs would cover about 3 yrs of care in Memory facility if it was necessary to put him there. We have monthly income of about $5K. I...
by Nate79
Fri Aug 17, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Workers on Corporate Boards - Principal-Agent Problem
Replies: 14
Views: 848

Re: Workers on Corporate Boards - Principal-Agent Problem

Sorry but the whole mutual company is better than others because they don't serve two masters is a bunch of hogwash. The funny thing is that people who sell Permanent Life insurance say the same thing.
by Nate79
Thu Aug 16, 2018 11:24 pm
Forum: Personal Consumer Issues
Topic: What to do in Seattle around Christmas?
Replies: 29
Views: 1317

Re: What to do in Seattle around Christmas?

Staying indoors out of the rain.....
by Nate79
Thu Aug 16, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 47
Views: 3759

Re: High tax bracket - Go 100% Roth in tax advantaged?

Jimmy Mac 33 wrote:
Thu Aug 16, 2018 7:01 pm
Sorry for my ignorance - but how can one under 50 years old contribute $5500 to a Roth IRA if your MAGI is greater than $133,000 for a single individual - as the poster appears to be? Thanks!
Backdoor Roth.
by Nate79
Thu Aug 16, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Pay for Deductible Education Expense with 529 Funds?
Replies: 7
Views: 517

Re: Pay for Deductible Education Expense with 529 Funds?

There is no tax deduction for using a 529. Its tax free if used for allowed education expenses.
by Nate79
Thu Aug 16, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 359
Views: 45356

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

The game is almost over. Recent changes noted here: https://money.cnn.com/2018/08/16/media/moviepass-limited-movies-every-day/index.html The troubled movie subscription service told customers Thursday that it will limit the films and showtimes that are available each day. The restrictions are part o...
by Nate79
Thu Aug 16, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 23763

Re: Invest in Tesla?

CNN Money has really been picking up articles on Tesla recently. Here is today's which follows closely the topic being discussed in this thread:

It's time for Tesla to call in a grown-up to keep Elon Musk in check

https://money.cnn.com/2018/08/16/news/c ... index.html
by Nate79
Thu Aug 16, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: This is not a typical medical collections issue- what to do?
Replies: 57
Views: 8941

Re: This is not a typical medical collections issue- what to do?

I am another person impacted by Confrimatrix fraud and the company has my real name and SS info.. URGH ! The collection agency trying to collect fraudulent debt has not provided proof of lab work and said a letter from Doctor would not resolve me of this debt. I've contested the debt and was instru...
by Nate79
Thu Aug 16, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7271

Re: Why the Yale Endowment Hate?

(Cardinal and Gray here). (Even if my avatar looks like Old Nassau). Do not confuse the Yale Endowment with the Yale Endowment portfolio that you mention in the OP. Not the same thing. To spell it out: As of fiscal year 2017, the Yale Endowment portfolio was reported to be (p. 7) Absolute Return 25...
by Nate79
Thu Aug 16, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7271

Re: Why the Yale Endowment Hate?

Do not confuse the Yale Endowment with the Yale Endowment portfolio that you mention in the OP. Not the same thing.
by Nate79
Thu Aug 16, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Mail order pharmacy
Replies: 45
Views: 1542

Re: Mail order pharmacy

Currently using CVS/Caremark. Used to use ExpressScripts. Both have been terrific. No complaints. +1 Us also. The drugs need to be delivered to the pharmacies as well. Unless the pharmacies are getting some special delivery service with temperature controlled environment vs the mail order then the ...
by Nate79
Thu Aug 16, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: OK, maybe Vanguard's website IS a little old... "56K dial-up..."
Replies: 19
Views: 2188

Re: OK, maybe Vanguard's website IS a little old... "56K dial-up..."

Maybe their one IT guy is still busy working on how to do the commission free ETF trades and didn't have any time to remove that language.
by Nate79
Thu Aug 16, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Advantages of I-Bonds vs CD ?
Replies: 27
Views: 3341

Re: Advantages of I-Bonds vs CD ?

i-bonds are tax deferred, they can be cashed in tax free if used for education purposes (with specific rules around that), and state tax free. But the annual limits make them somewhat limited in usefulness unless you buy them every year.
by Nate79
Thu Aug 16, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: How Best to Utilize Permanent Life Insurance Upon Retirement
Replies: 22
Views: 1599

Re: How Best to Utilize Permanent Life Insurance Upon Retirement

Please read White Coat Investor's extensive articles on Permanent Life Insurance. https://www.whitecoatinvestor.com/what-you-need-to-know-about-whole-life-insurance/ There are tons of "myths" about these products. The people saying to cash them in, even old policies are not "uniformed." There are a ...
by Nate79
Thu Aug 16, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Help! Yet Another WL insurance question [Whole Life]
Replies: 10
Views: 586

Re: Help! Yet Another WL insurance question [Whole Life]

If I do term insurance and "invest the difference" wouldn't I have to do significantly better in an investment account? So if I get 4-5% return on my WL policy wouldn't I need to at least double that in an investment account (10%) because it's a taxable account? Why do you say that? How do you plan...
by Nate79
Thu Aug 16, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Help! Yet Another WL insurance question [Whole Life]
Replies: 10
Views: 586

Re: Help! Yet Another WL insurance question [Whole Life]

If I do term insurance and "invest the difference" wouldn't I have to do significantly better in an investment account? So if I get 4-5% return on my WL policy wouldn't I need to at least double that in an investment account (10%) because it's a taxable account? Why do you say that? How do you plan...
by Nate79
Thu Aug 16, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Student Loans or "special" Mortgage payments
Replies: 15
Views: 674

Re: Student Loans or "special" Mortgage payments

The difference is minor @ 0.25% that's at most $250 per year on the $100k student loans (difference from the mortgage). So it really doesn't matter that much. I would crank down on the budget and get both paid off asap. Yes, but 2nd mortgage is an ARM. That's the deciding factor to me - I'd pay off...
by Nate79
Thu Aug 16, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 47
Views: 3759

Re: High tax bracket - Go 100% Roth in tax advantaged?

The assets you have in your tax deferred accounts is quite low to be worrying about RMDs. And you are quite young to be so confident about a pension income and SS 30+ years in the future. Your tax deferred accounts have a LONG LONG LONG way to go before you need to worry about RMDs (you can project ...
by Nate79
Thu Aug 16, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2169

Re: Should I Max Out Tax-Deferred Accounts?

How about the other aspects of your financial life? Are you debt free? Kids in the picture (thus 529 plans)? Own your own home? Sufficient term and disability insurance? Etc etc.
by Nate79
Thu Aug 16, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: How Best to Utilize Permanent Life Insurance Upon Retirement
Replies: 22
Views: 1599

Re: How Best to Utilize Permanent Life Insurance Upon Retirement

Not sure why this discussion should be about keeping these horrible products for another 15 years + retirement years. Better would be should I cancel this cr*p or not (yes) and what to do with the cash value.
by Nate79
Thu Aug 16, 2018 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Student Loans or "special" Mortgage payments
Replies: 15
Views: 674

Re: Student Loans or "special" Mortgage payments

The difference is minor @ 0.25% that's at most $250 per year on the $100k student loans (difference from the mortgage). So it really doesn't matter that much. I would crank down on the budget and get both paid off asap.