Search found 94 matches

by ThreeBears
Thu Jun 07, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to legally avoid a bank levy?
Replies: 16
Views: 2340

Re: How to legally avoid a bank levy?

Does anyone have advice about how to legal avoid a bank levy, esp. one that would result in actual funds being frozen? My thoughts are that using an esoteric independent bank (no subsidiaries or parent company) that is far from home would be one's best bet? Yet, I wonder if there is a database wher...
by ThreeBears
Wed Jun 06, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance for Young Couple
Replies: 41
Views: 3560

Re: Term Life Insurance for Young Couple

I'm 40 and recently bought term life insurance. I bought it because I have children and I want them to be financially secure if I die. If I had no children, and my wife could support herself, I would have no reason to get life insurance. So, you need to think about what it is you are trying to insur...
by ThreeBears
Wed May 16, 2018 10:58 pm
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 5238

Re: How to think about schools/homes (Greatschools/Niche)

I REALLY want to emphasize what an above poster stated -- "GS changed their rating system and now count "equity" and other non-academic metrics as part of the overall rating. Just do some drilling down into the data before making up your mind about whether or not a lower rating is actually deserved ...
by ThreeBears
Wed May 16, 2018 10:47 pm
Forum: Personal Consumer Issues
Topic: Bed Bugs
Replies: 42
Views: 4827

Re: Bed Bugs

barnaclebob wrote: ↑
Mon May 14, 2018 8:54 pm
Itchy stereotypical breakfast lunch and dinner bites in a couple places. .
I could be wrong, but it sounds like you are confusing ticks with bedbugs. . . bedbugs do not just go away.
by ThreeBears
Wed May 16, 2018 10:41 pm
Forum: Personal Consumer Issues
Topic: Bed Bugs
Replies: 42
Views: 4827

Re: Bed Bugs

I manage a multi-unit building that had a significant bedbug infestation. It cost $10,000 to get rid of them. I would ignore the advice of anyone who has not personally faced bedbugs. I would also be very careful about doing a do-it-yourself. For the prices quoted, I would just pay it and hire an ex...
by ThreeBears
Tue Apr 24, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Debate - consider all accounts as one?
Replies: 22
Views: 1579

Re: Allocation Debate - consider all accounts as one?

That's a solid point. But, how do you decide between ROTH vs Pre-tax? I just mix mine, and allocate both. I've never found the alternative arguments persuasive. Maybe i'm dense or maybe that's just where I am in life.
by ThreeBears
Tue Apr 24, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Debate - consider all accounts as one?
Replies: 22
Views: 1579

Re: Allocation Debate - consider all accounts as one?

I get that it's "all one allocation," but if you have all stocks in one account and all bonds in another account, and stocks go down, then rebalancing doesn't work.

I mix them up. I think it's more functional. This appears to be a minority opinion.
by ThreeBears
Tue Apr 03, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Crazy to Consider Relocating 5 Months after Buying a House?
Replies: 28
Views: 3383

Re: Am I Crazy to Consider Relocating 5 Months after Buying a House?

Haha. I bet today's snow really has you wanting to leave!
by ThreeBears
Fri Mar 30, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 7646

Re: KF Annual Expense Based Personal Finance Strategy

So, your income does NOT include

1) company 401k matching
2) company pension contribution
3) bonus from credit cards
4) per diem money from work during travel

I never know what to consider those. But, if I exclude them from income and include them in savings, then my ratios get better... obviously.
by ThreeBears
Sun Mar 18, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: Buying a new wardrobe tomorrow | Indochino or other options?
Replies: 9
Views: 1565

Re: Buying a new wardrobe tomorrow | Indochino or other options?

I would not recommend buying a tailor made suit in the US. Period.

Why not take a lovely vacation to Hoi An, Vietnam?

They are known for making great suits.

Bebe ClothShop is what i'd personally recommend.

Also, the beaches there are lovely.
by ThreeBears
Sat Mar 17, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: 5/24 rule for rewards credit cards - bunching applications
Replies: 31
Views: 3538

Re: 5/24 rule for rewards credit cards - bunching applications

" it is clearly stated in the terms you have to agree to that the card is only for business use and not household or personal use" -- i think they may be for regulatory purposes . . . some consumer protection regulations do not apply to small business cards. A sole proprietor wouldn't have separate ...
by ThreeBears
Mon Jan 22, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 12078

Re: Our 'cure' for emergency expenses

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. No. i'm not serious. But, I start to wonder if you can gauge where we are in the stock market cycle by how antsy people are to ...
by ThreeBears
Mon Jan 22, 2018 11:06 pm
Forum: Personal Consumer Issues
Topic: How much house can we afford (Madison WI area)?
Replies: 25
Views: 2649

Re: How much house can we afford (Madison WI area)?

Please head the daycare warning. Daycare can easily cost $1,400 for an infant (and I've seen up to $1,900 around my area). With two kids in daycare, even after one is a toddler, it's not hard to spend $30,000 in a year on daycare expenses. If you don't think i'm serious, please ask around. This cash...
by ThreeBears
Sat Jan 13, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 12078

Re: Our 'cure' for emergency expenses

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.
by ThreeBears
Sat Jan 13, 2018 2:56 pm
Forum: Personal Consumer Issues
Topic: Antarctica [anyone traveled there?]
Replies: 34
Views: 3593

Re: Antarctica [anyone traveled there?]

We went to antarctica (including Falkland and South Georgia) about five years ago. It's primarily well-aged folk who go on such adventures. Better late than never. I guess. We used this company: https://us.ponant.com/l-austral-au-4 It appears to be the exact same boat. Our boat sailed under a french...
by ThreeBears
Sat Jan 06, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 747
Views: 216098

Re: Share your net worth progression

I suppose this is like anything else, where the people who respond are the people with the best stories . . . like the vacation posts that have the people who take amazing vacations. So, many of these posts are "well, i started like, but I saved hard for the last 3 years and I can retire in 4 more y...
by ThreeBears
Fri Jan 05, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 566
Views: 69041

Re: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]

Is it that bad to pay $7 to $14 a year on trades? That's all i think this will cost me, as I put in my $5,500 once a year and buy in quantities sufficient to roughly balance my portfolio. If it REALLY bothers me, I guess I'll move to VanGuard. I think my stock-picking days are behind me. I'm basical...
by ThreeBears
Mon Oct 30, 2017 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Bank not discharging PMI?
Replies: 15
Views: 2344

Re: Bank not discharging PMI?

As someone else mentioned, the one time we had PMI (a few houses ago), the contract stated that 2 years must elapse before PMI can be dropped. It is a seasoning requirement, I believe. No surprises they said no, assuming that is in your paperwork. This is what my paperwork on PMI clearly stated, 2 ...
by ThreeBears
Mon Oct 30, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: "Best" Online Degree if already a college graduate
Replies: 120
Views: 16475

Re: "Best" Online Degree if already a college graduate

Wow. too many posts to read them all. And a lot of generalizations too. Not all online degrees are equal. Not all are crap paper mills. If i did an online degree, it would be an MBA. If I did an MBA, it would only be a program that is accredited by the AACSB. I have considered many times, getting a ...
by ThreeBears
Fri Oct 27, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bank not discharging PMI?
Replies: 15
Views: 2344

Re: Bank not discharging PMI?

I would at least ask the question --- why the bank thinks they are legally allowed to require a LTV of 75% given the limits imposed by Homeownership equity protection act? It's worth asking, even if you just get a "huh?" People often think that banks make money off of PMI. Often that is not the case...
by ThreeBears
Fri Oct 27, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pay lump sum to get rid of PMI?
Replies: 13
Views: 1929

Re: Pay lump sum to get rid of PMI?

Probably worth reading through this thread regarding difficulties and legalities of removing PMI: https://www.bogleheads.org/forum/viewtopic.php?p=3590634#p3590634 Good luck, and please do report back with your real world experience so others can benefit. This is also wroth reading, as it details y...
by ThreeBears
Fri Oct 27, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bank not discharging PMI?
Replies: 15
Views: 2344

Re: Bank not discharging PMI?

As someone else mentioned, the one time we had PMI (a few houses ago), the contract stated that 2 years must elapse before PMI can be dropped. It is a seasoning requirement, I believe. No surprises they said no, assuming that is in your paperwork. This is what my paperwork on PMI clearly stated, 2 ...
by ThreeBears
Fri Oct 27, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Bank not discharging PMI?
Replies: 15
Views: 2344

Re: Bank not discharging PMI?

This is not primarily a contractual matter . . . it is a statutory matter. The CFPB has written --- " For example, a servicer imposed an additional requirement that the loan had been originated at least two years ago, when the HPA does not permit such a requirement." http://files.consumerfinance.gov...
by ThreeBears
Thu Oct 26, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Bank not discharging PMI?
Replies: 15
Views: 2344

Re: Bank not discharging PMI?

Bleh. I have answered this question in detail before . . . and i find that people either can't grasp it or don't care to follow through. 1. Contracts that violate the law are not enforceable. 2. There is a federal statute that governs PMI . . . it's called the Homeowners Protection Act (HOPA). 3. Yo...
by ThreeBears
Thu Oct 26, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance without PMI?
Replies: 29
Views: 3010

Re: Refinance without PMI?

Thanks for updates. It's weird how banks don't follow the law on this one at all. Quite frustrating.
by ThreeBears
Fri Oct 13, 2017 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 6
Views: 973

Re: Backdoor Roth Question

Well, I thank you ALL for the responses. I have been putting this off all year, as I wasn't sure how to do it, and it feels tricky. I'll review the IRS links, and talk to my wife. Part of the issue is I need her assistance and authorization. We are 20 to 25 years from retirement, and do not have the...
by ThreeBears
Mon Oct 09, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 6
Views: 973

Backdoor Roth Question

My wife has has around $15,000 in a traditional roth. I want us both to start doing backdoor roths. This means I need to convert her traditional to a ROTH and pay taxes. What is the best way to setup her backdoor ROTH? 1) TWO STEPS: Should I convert existing traditional IRA to a ROTH IRA. Then after...
by ThreeBears
Sun Oct 01, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: For buying house: how do you know which schools are "good"?
Replies: 56
Views: 5202

Re: For buying house: how do you know which schools are "good"?

We have found that the "Great Schools" ranking are a solid approximation. While a 9 vs a 10 may not mean much, a 9 vs a 6 has a clear difference. Personally, I'm not that worried about my kids feeling entitled. I mainly just want my kids to be challenged. Maybe that will change when I get older. Als...
by ThreeBears
Tue Sep 05, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Denied for Citi Double Cash, but no record of application?
Replies: 18
Views: 2932

Re: Denied for Citi Double Cash, but no record of application?

1. Get a free credit report to confirm that you applied. The denial should show up on your credit report. 2. If you did apply and the bank failed to maintain documentation of the denial for 25 months, then the financial institution has a Regulation B violation. You could report them for the violatio...
by ThreeBears
Thu Jul 20, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 4683

Re: Investing well for Retirement can be frustrating

Whenever I start to confuse consumption with wealth, I just remind myself that . . . you never truly know someone's net worth until they file for bankruptcy.
by ThreeBears
Mon Jul 03, 2017 1:32 am
Forum: Personal Consumer Issues
Topic: August Vacation With Kids
Replies: 33
Views: 3873

Re: August Vacation With Kids

It appears we may go to Azores. They look like fun islands.

This Christmas we want to go to Vietnam.

It looks like they have good food: https://www.youtube.com/watch?v=aWI4SdrY6Qo
by ThreeBears
Sun May 28, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone ever use Sebonic Financial for mortgage?
Replies: 18
Views: 47209

Re: Anyone ever use Sebonic Financial for mortgage?

I used them.

They had (1) cheapest rates, (2) lowest origination fee, and (3) found a title company with lower title fees than I could find on my own.

I had to babysit a little. The trickiest part is the hand-off between the bank and the appraiser.

But, overall, I recommend them to everyone!
by ThreeBears
Tue May 02, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: santander bank bonus
Replies: 14
Views: 2613

Re: santander bank bonus

I signed up for the $150 bonus a few months ago. I've met all the requirements but haven't gotten the bonus yet. I just sent them an e-mail about it last night. -Steph The terms are that you have to meet the conditions within 90 days and then they have an additional 30 days to give you the payment....
by ThreeBears
Tue May 02, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: New home expenses versus a high (overly-high?) savings & investment rate
Replies: 20
Views: 3250

Re: New home expenses versus a high (overly-high?) savings & investment rate

I had a [hill] that encouraged water against my back wall. It caused the cement between the cement blocks to crumble. I hired a landscaper to put a retaining wall in front of the deck that was against that side of the house. it seems to have worked well. I don't know your situation. But, hydro-stati...
by ThreeBears
Sun Apr 23, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Alaska cruise advice
Replies: 33
Views: 3938

Re: Alaska cruise advice

We did a Holland Cruise . . . careful. The Cruise from Alaska to Vancouver ends up putting you in Glacier Bay at night, and you can't see anything.

My other advice is not to upgrade your room. Like most people, we spent almost no time there.
by ThreeBears
Sat Apr 22, 2017 9:45 pm
Forum: Personal Consumer Issues
Topic: Santander $225 bonus... delays?
Replies: 7
Views: 1033

Re: Santander $225 bonus... delays?

I've applied for several checking accounts in the last three months . . . Santander has been the slowest. And overall their communication is not great. I have not yet received a bonus from them. I applied for the account 2/15/17. Again....must keep account open for 90 days . Yup, I read that. Two t...
by ThreeBears
Sat Apr 22, 2017 9:39 pm
Forum: Personal Consumer Issues
Topic: Santander $225 bonus... delays?
Replies: 7
Views: 1033

Re: Santander $225 bonus... delays?

I've applied for several checking accounts in the last three months . . . Santander has been the slowest. And overall their communication is not great. I have not yet received a bonus from them. I applied for the account 2/15/17. That said, Bank of America was the worst. They canceled my account aft...
by ThreeBears
Sat Apr 15, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: New home expenses versus a high (overly-high?) savings & investment rate
Replies: 20
Views: 3250

Re: New home expenses versus a high (overly-high?) savings & investment rate

I knew about the problem of water seeping in and freezing and causing damage, so that's why I placed some priority on mitigating that issue. I didn't think about the pressure issue. (Yet another astounding thing to me: House and yard construction that doesn't seem to adequately account for the pres...
by ThreeBears
Sat Apr 15, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: New home expenses versus a high (overly-high?) savings & investment rate
Replies: 20
Views: 3250

Re: New home expenses versus a high (overly-high?) savings & investment rate

-The hydrostatic pressure from the water can cause the basement wall to crack, which can cause structural problems. Don't ask how I know. Are you sure it's flat in the back yard and not a mild slope towards the house? I tried a retainment wall and it has helped. In my scenario, the house is on a hil...
by ThreeBears
Sat Apr 15, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America Direct Deposit Qualifications
Replies: 4
Views: 1407

Re: Bank of America Direct Deposit Qualifications

Related. I applied for that account, and they approved me and then closed it 2 days later. Apparently, their fine print says they can close the account for any reason. I have 800 credit and have never defrauded a bank. But, their ChexSystems may have flagged me as this is the 6th checking account bo...
by ThreeBears
Thu Mar 30, 2017 10:44 am
Forum: Personal Consumer Issues
Topic: August Vacation With Kids
Replies: 33
Views: 3873

Re: August Vacation With Kids

That said, if I were in your shoes, I would focus my efforts on finding someone to watch my kids for me so my wife and I really could "vacation": rest, relax, and take the time to discuss how family life is going, the budget, love life, plans for the next year, etc. Strengthening the bonds of your ...
by ThreeBears
Sat Mar 25, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: August Vacation With Kids
Replies: 33
Views: 3873

Re: August Vacation With Kids

These are good. I should consider the US more. I have not done Florida much, and I would like to try Louisiana at some point. For international, a little I wonder about Slovenia, Canary Island, or Portugal. All three have beaches and minimal crime. But, boy it can be a work-full vacation with kids.
by ThreeBears
Sat Mar 25, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 144
Views: 27993

Re: So someone drained $13k from my checking account...

The one area of consumer "negligence" where the bank or credit union may look for (and do what can be done to document it) is the consumer gives the access code (such as ATM Card PIN) to someone and that someone draws out much more (perhaps more often) than was intended by the account holder. Yes, ...
by ThreeBears
Sat Mar 25, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 144
Views: 27993

Re: So someone drained $13k from my checking account...

the bank may take the position that the consumer did not take reasonable measures to protect their password, or their computer, and allowed someone else to access their account. This is a good point. Again, the regulation does not give the bank much wiggle room for finding excuses. The commentary t...
by ThreeBears
Sat Mar 25, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 144
Views: 27993

Re: So someone drained $13k from my checking account...

Under Regulation E, banks must provide provisional credit within 10 business days. It didn't sound like most of the people posting realized that. The bank then has 45 (or 90 days) to resolve the dispute. If the bank can't prove that the consumer was responsible the charges, the bank must make the p...
by ThreeBears
Sat Mar 25, 2017 10:44 am
Forum: Personal Consumer Issues
Topic: August Vacation With Kids
Replies: 33
Views: 3873

Re: August Vacation With Kids

When my kids were that age, we went to the beach. Any beach with clean sand and shallow water at the edge of the ocean for the kids to play in is great. A boardwalk with rides appropriate for smaller children is a big plus. Rent a house within a block of the beach so walking is not an issue or stay...
by ThreeBears
Sat Mar 25, 2017 10:41 am
Forum: Personal Consumer Issues
Topic: August Vacation With Kids
Replies: 33
Views: 3873

Re: August Vacation With Kids

LadyGeek wrote:This thread is now in the Personal Consumer Issues forum (vacation).

Thank you. I tried to research where it should go and copied another example. I'm glad you fixed it.
by ThreeBears
Sat Mar 25, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Get $250 from Wells Fargo
Replies: 83
Views: 15055

Re: Get $250 from Wells Fargo

FYI, if you have not done the Chase $500 bonus I would by far recommend doing that first. Just closed out my account with them from doing bonus 6 months ago and it was a breeze. Also still in process of Citi s old $400 bonus (not available now) and it seems a lot of people had problems. I haven't r...
by ThreeBears
Sat Mar 25, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 80
Views: 8621

Re: How did graduating out of daycare impact your finances?

I have appreciated this post. I will spend around $30,000 this year and next on daycare. From reading these posts, it appears the primary variable that determines individual's answers is the amount they pay for daycare. Yes, almost all parents will have new expenses after daycare ends (see, e.g. foo...
by ThreeBears
Sat Mar 25, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: August Vacation With Kids
Replies: 33
Views: 3873

August Vacation With Kids

My SO and I have two kids (one is 4 one is under 1 year). Vacationing is very hard with the 4-year old. I used to carry him everywhere, but at 40 pounds, that isn't an option for me anymore. Also, he still walks more like a preschooler than an adult. So, long walks are challenging. Any suggestions f...