Search found 1320 matches

by Nate79
Thu Nov 16, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Res - Anyone use Trip Canc Insurance
Replies: 10
Views: 823

Re: Chase Sapphire Res - Anyone use Trip Canc Insurance

I tried, it was due to a medical issue on the part of the person going with me. Chase denied it. I would not rely on their travel insurance and instead shop around - relying on the word of a customer service agent cost me $800. Did you have an actual valid claim? Did Chase give a reason and was it ...
by Nate79
Wed Nov 15, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plans - At what age do I move to conservative?
Replies: 24
Views: 1660

Re: 529 Plans - At what age do I move to conservative?

Remember that they will likely be in college for at least 4 years. The asset allocation not only needs to be selected for the start date but at least 4 years more. Going too conservative when the student starts college ignores that you need to handle the increase in cost over the 4 years of college.
by Nate79
Wed Nov 15, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking up with USAA--banking alternatives welcomed
Replies: 28
Views: 6348

Re: Breaking up with USAA--banking alternatives welcomed

I'd still recommend WellsFargo. The current Bad Boy is TIAA: https://www.nytimes.com/2017/11/13/your-money/tiaa-403b.html I guess the good thing about WF is it is very easy to open an account. So easy they will throw in a few extra without asking..... We are switching from WF to Schwab. I'm tired o...
by Nate79
Wed Nov 15, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking up with USAA--banking alternatives welcomed
Replies: 28
Views: 6348

Re: Breaking up with USAA--banking alternatives welcomed

Kind of funny to look back at this old thread and see people recommending Wells Fargo. Oh how times have changed.
by Nate79
Wed Nov 15, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 82
Views: 5170

Re: Has used furniture dropped in value dramatically?

I agree the furniture is mostly worthless. Clark Howard had a recent podcast where he commented on this that all this nice furniture can be had for pennies to free because no one wants it anymore. For those looking to buy furniture it offers a good opportunity.
by Nate79
Wed Nov 15, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3416

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

Cost of living including taxes should definately be considered when making a move.
by Nate79
Tue Nov 14, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Where to take more risk: 401k or Roth?
Replies: 32
Views: 2782

Re: Where to take more risk: 401k or Roth?

My large employer has Blackrock S&P500 index fund with ER of 0.02 ......

0.07 isn't too good to be true. You would need the fund expense breakdown, ER of each fund and there are probably various net fee reductions. But if 0.07 is listed as the net ER then that is what it is.
by Nate79
Mon Nov 13, 2017 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's 401k investment options (high fees!)
Replies: 26
Views: 1150

Re: Wife's 401k investment options (high fees!)

Is the Guidance choice mandatory? Your fees aren't horrible and any change would require finding another provider, not just adding other investment options because you already have S&P500 index fund, etc. You might ask your provider why the expense ratio of the S&P500 is so high compared to State St...
by Nate79
Mon Nov 13, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3036

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

Purchasing a home IS as form of retirment savings so substituting some 401k savings vs home equity is fine. I contend that putting money towards purchasing a reasonable home where expenses vs renting do not increase much sets one up for a much more successful retirement than being a life long renter...
by Nate79
Mon Nov 13, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: Do DFA advisors get kickbacks?
Replies: 11
Views: 1564

Re: Do DFA advisors get kickbacks?

I don't think they charge 12b-1 fees if that is what you are asking.
by Nate79
Mon Nov 13, 2017 9:19 pm
Forum: Investing - Theory, News & General
Topic: Quest for better fund selection in 401 K
Replies: 18
Views: 1119

Re: Quest for better fund selection in 401 K

Some thoughts. What are the lowest cost funds in your plan? Perhaps you should remove Vanguard fund names and instead ask for low cost index fund such as S&P500, extended market, mid cap and small cap index, total international and total bond fund. These can be available from a number of low cost in...
by Nate79
Mon Nov 13, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolio or Vanguard Target Fund?
Replies: 10
Views: 1025

Re: Schwab Intelligent Portfolio or Vanguard Target Fund?

There was two recent threads on robo advisors, one on thr details and one on backtesting. I would suggest to search these out and revuee them. Based on that info Schwab looked very interesting to me so we have been transitioning some money to them for evaluation along with using their excellent chec...
by Nate79
Mon Nov 13, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: At what rate of return would you keep a whole life policy?
Replies: 21
Views: 1384

Re: At what rate of return would you keep a whole life policy?

And this is why I say that evaluating the return rate is complicated and those that quote a return generally don't take everything into account or don't have a clue how they work. Unless you care about imaginary paper returns you need to market the value as what you can actually put in your (or your...
by Nate79
Mon Nov 13, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: HSA mishandled by State Farm, IRS issue now
Replies: 6
Views: 964

Re: HSA mishandled by State Farm, IRS issue now

Is this is an employer plan? If so do you have any benefit person at work to advocate for you? If not thru work why in the world would you want an HSA thru an insurance company like State Farm?
by Nate79
Mon Nov 13, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: At what rate of return would you keep a whole life policy?
Replies: 21
Views: 1384

Re: At what rate of return would you keep a whole life policy?

I would always cancel them unless the insurance is needed and appropriate term can not be put in place. There are tons of threads on here about whether to keep or cancel WL. Calculating so called return is extremely complicated because you have to look at the policy in entirety. But they are rarely ...
by Nate79
Mon Nov 13, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 36
Views: 2354

Re: What might you ask In-laws' FA?

Is the FA a fiduciary?
by Nate79
Mon Nov 13, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3036

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

I do not see anything wrong with redirecting some of your money towards buying a house as long as the house is a reasonable purchase for your income and expenses. In effect you are, by buying a house, are purchasing future housing costs for your retirement.
by Nate79
Sun Nov 12, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody with Student Loans applying for PSLF in October 2017?
Replies: 24
Views: 2036

Re: Anybody with Student Loans applying for PSLF in October 2017?

Any chance you could link to this story? I know about stories of people who believed they were employed by a qualifying employer but ended up that their employers didn't qualify. I am certain I don't fall into that camp. I am a little confused about the person being in the 'wrong loan program', sin...
by Nate79
Sun Nov 12, 2017 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 141
Views: 10859

Re: Why pay cash for a car?

Cash vs debt has very strong behavioral impact such that it's not all about math. Paying cash imparts pain and causes you to reexamine your purchase and helps reduce spending. This can have much more of an effect than just the math of the deal does. The auto manufacturers are not stupid, they offer ...
by Nate79
Sun Nov 12, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 60
Views: 3760

Re: Draft a will with legalzoom or other online legal help

I disagree in general with the advice on this site to always use an attorney for making a will. In simple cases software like Quicken Willmaker can do state specific will also with power of attorney, etc. But in your case you have a sizable estate with somewhat complex real estate holdings and multi...
by Nate79
Sun Nov 12, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Tax question as I bogelize my holdings
Replies: 11
Views: 973

Re: Help! Tax question as I bogelize my holdings

I think you are misunderstanding. The realized gains are added to your taxable income not 15% of the gains. If you sell $100k of gains then all of that is added, not 15% of it.
by Nate79
Sun Nov 12, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Investing HOA reserve money?
Replies: 24
Views: 1030

Re: Investing HOA reserve money?

It strikes me as bad that you are even proposing this.
by Nate79
Sun Nov 12, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: Are we headed for a crash or...
Replies: 19
Views: 1761

Re: Are we headed for a crash or...

Based on that chart looks like we are headed for a 17 year boom. Is that how you read it?
by Nate79
Sun Nov 12, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: 401k - Any way to use post-tax dollars but claim tax benefit?
Replies: 3
Views: 475

Re: 401k - Any way to use post-tax dollars but claim tax benefit?

I wouldn't worry that much. While it's definately good to try and max out your 401k it's not the end of the world. Throw it in a Roth IRA or taxable account and make sure you max next year.
by Nate79
Sat Nov 11, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 2788

Re: Schwab/Fidelity vs BoA Gold: Checking

We currently use Wells Fargo but have decided to start switching to Schwab. I am very impressed with the no fees and the excellent customer service. Let's just say when there is an issue or anything needs to be resolved their phone or chat people are top notch! I also opened the Schwab AMEX card in ...
by Nate79
Sat Nov 11, 2017 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Rapidly pay down student loans prior to house?
Replies: 24
Views: 1409

Re: Rapidly pay down student loans prior to house?

Absolutely pay them off. Don't listen to the broke people around you that think there is any value to keeping debt. Kick Sally Mae out!
by Nate79
Sat Nov 11, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Septic tank - deal killer?
Replies: 47
Views: 3955

Re: Septic tank - deal killer?

Millions of homes have septic. You act like it is some rare situation to be avoided. It's not really that big of deal with even minor due dilligence it will be just fine.
by Nate79
Sat Nov 11, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody with Student Loans applying for PSLF in October 2017?
Replies: 24
Views: 2036

Re: Anybody with Student Loans applying for PSLF in October 2017?

There are starting to be some stories about more and more people finding out they are not eligible when they thought that they were. I know that is kind of old news but there are going to be some people who took PSLF very much not serious and are going to regret not putting significant amount of eff...
by Nate79
Sat Nov 11, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 6103

Re: Isn't it safer to NOT sign Credit card?

Card issuers do not want you to have to show ID. Cards that are not signed properly also should not be accepted.
by Nate79
Fri Nov 10, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 72
Views: 7047

Re: Personal letters to the sellers of your house can work!!!

My guess is you actually don't have half the story. Not sure why the seller would take a lower offer with similar contingencies. Probably they were playing with the buyers and you won out somehow. While it's possible the letter made a difference but personally I would have laughed at it if a buyer t...
by Nate79
Fri Nov 10, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 6103

Re: Isn't it safer to not sign Credit card?

I think this is really unnecessary. Have you considered your signature is all over signed receipts?
by Nate79
Fri Nov 10, 2017 8:41 pm
Forum: Investing - Theory, News & General
Topic: Initial Vanguard capital gains distribution announcement
Replies: 14
Views: 1667

Re: Initial Vanguard capital gains distribution announcement

I wonder why the Institutional and Institutional Plus Total Market Index funds are throwing off CG distributions, and the Admiral and Investor share classes are not. When it comes to mutual funds versus ETFs, there really shouldn't be any differences in CG distributions if they're the same (VTSAX v...
by Nate79
Fri Nov 10, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 242
Views: 19107

Re: How to Get Stock Quotes Into Excel

bradpitch92 wrote:
Fri Nov 10, 2017 1:52 pm
How do you get stock quotes into google sheets? I love google sheets
Here is an example for what to put in google sheet formula:

=googlefinance("VTSAX", "price")
by Nate79
Fri Nov 10, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 242
Views: 19107

Re: How to Get Stock Quotes Into Excel

Why not use google sheets? It's super easy to get stock quotes in google sheets.
by Nate79
Fri Nov 10, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: 401K to IRA rollover
Replies: 10
Views: 603

Re: 401K to IRA rollover

tommormile wrote:
Fri Nov 10, 2017 10:32 am
Yes, I have checked with the 401k admin and withdrawing the money is allowed once a year. I can request the withdrawal for the rollover to IRA
Sounds like they don't know what they are talking about.
by Nate79
Fri Nov 10, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: 450,000 American Airlines MILES gifted to me - how to book
Replies: 25
Views: 2285

Re: 450,000 American Airlines gifted to me - how to book

I will add to what other people said that miles rules change, all the time. I would not rely on any current rule to plan for anything beyond the next year. AA could easily change their rules to have these miles expire on owner death for example. The airlines are getting more and more strict and so I...
by Nate79
Fri Nov 10, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 7877

Re: $23k credit card emergency

I think you have gotten a lot of great advice. You are a perfect fit for Dave Ramsey advice so I will list a few key details here: 1. You need to be intense to get out of debt like this. You are broke. You have dug a big hole, luckily you have a decent sized shovel. But to be intense you need dedica...
by Nate79
Fri Nov 10, 2017 1:23 am
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 3037

Re: Buying bitcoin / Cryptocurrency to market cap (.3%)

I don't believe currencies are asset classes (though calling bitcoin a currency is being kind). So no, I would not hold it based on some imaginary market cap same as I don't hold Yen, Euro, etc. Personally I think bitcoin and all the other cryptoscams are a joke and will come crashing down when the ...
by Nate79
Thu Nov 09, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 3394

Re: Annuity for winning the game

HomerJ wrote:
Thu Nov 09, 2017 5:13 pm
Nate79 wrote:
Wed Nov 08, 2017 1:36 pm
I would get a good quality long term care insurance policy.
Is there such a thing?
I would think so. Why do you think there are not? I didn't say cheap. Clearly money is not a problem in this thread.
by Nate79
Thu Nov 09, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 2650

Re: Home backup generator experiences

My experience is that once you install it you will never need it..... We had a transfer switch installed and got a generator as a gift from family. Ever since then the longest the power has been out has been a couple of hours for which we usually just wait it out. We reserve the generator for a majo...
by Nate79
Thu Nov 09, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: What do you think of this LTCI policy?
Replies: 10
Views: 386

Re: What do you think of this LTCI policy?

What happens if she leaves employment? Does the policy continue as is and transfers to her under the same payment plan?
by Nate79
Thu Nov 09, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Having second thoughts about building up hsa
Replies: 17
Views: 1473

Re: Having second thoughts about building up hsa

You are required to do this no matter whether using the HSA for the year the expenses are incurred or if saving and reimbursing at a later year. So the only worry here is about saving the information over the years. You should have this information saved anyways because you could be audited on this ...
by Nate79
Thu Nov 09, 2017 1:13 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 116
Views: 10638

Re: The fear of retirement, black swan, and math to dissuade the fear.

There are plenty of retirees who own their own home, live on SS and maybe have some money in CD's. You can adapt or Darwin is going to come along and slap you in the face. To me these extremely low SWR are absurd. 4% is perfectly fine and if, especially in the early years the market is really down y...
by Nate79
Thu Nov 09, 2017 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34206

Re: Did you tell anyone you paid off your mortgage?

I can't wait to tell my friends and family some day. They will all be happy about it. As I've seen over the years owning a house outright is a foundation for a more sound retirement and financial future. I have no desire to be forever in debt to a landlord stuck as a renter. I truly feel sorry for t...
by Nate79
Wed Nov 08, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Disability & Umbrella Insurance
Replies: 4
Views: 377

Re: Disability & Umbrella Insurance

Disability insurance is one of the most important insurance to get - you have 1/4 chance of being disabled before retirement.


http://www.disabilitycanhappen.org/chan ... _stats.asp
by Nate79
Wed Nov 08, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or Save for down payment?
Replies: 3
Views: 217

Re: Invest or Save for down payment?

It seems like a simple exercise to take the amount of down payment you will need (20% of expected purchase price would be optimal) divided by the # of years until you wish to buy and house tells you how much to save every year. Invest the remainder.
by Nate79
Wed Nov 08, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone own a home and drop insurance coverage after mortgage paid off?
Replies: 61
Views: 4977

Re: Anyone own a home and drop insurance coverage after mortgage paid off?

Hey, if you can write a check to replace whatever you are insuring and not blink an eye, go ahead. But for most this is not practical or advised.
by Nate79
Wed Nov 08, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable emergency fund for HI family?
Replies: 67
Views: 3709

Re: What is a reasonable emergency fund for HI family?

3-6 months of expenses as emergency fund. Note that income is no where in the equation.