Search found 1778 matches

by prd1982
Mon Mar 25, 2024 5:52 pm
Forum: Investing - Theory, News & General
Topic: Trump Media & Technology Group Corp begins trading on NASDAQ as DJT on Tuesday
Replies: 12
Views: 2519

Re: Trump Media & Technology Group Corp begins trading on NASDAQ as DJT on Tuesday

When are the initial investors (SPAC sponsors) allowed to sell? If I were going to buy it, i would surely wait to see if these folks unload a lot of their shares.
by prd1982
Mon Mar 25, 2024 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching parents about removing oneself from their estate
Replies: 35
Views: 3893

Re: Approaching parents about removing oneself from their estate

One thing i didn't see mentioned:

It is nice to see people watching out for other family members.
by prd1982
Mon Mar 25, 2024 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Approaching parents about removing oneself from their estate
Replies: 35
Views: 3893

Re: Approaching parents about removing oneself from their estate

Since there are multiple siblings, how will the rest of them handle your sister getting twice as much? If that could cause grief for them, the gift idea seems like the best approach. Note that if you disclaim your share of the estate, you cannot direct your share to your sister. Your share will be distributed to the rest of the beneficiaries. If your siblings and parents are ok with giving your sister more, go for it.
by prd1982
Mon Mar 25, 2024 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Got CP-2000 from IRS - Billed for incorrect amount
Replies: 2
Views: 356

Re: Got CP-2000 from IRS - Billed for incorrect amount

What tax year? I would pull the tax transcript from the IRS online as a starting point.
by prd1982
Sat Mar 23, 2024 2:13 pm
Forum: Personal Investments
Topic: Dividend warning when buying
Replies: 19
Views: 2342

Re: Dividend warning when buying

Beensabu wrote: Sat Mar 23, 2024 12:57 pm
You're right. They have the reinvest price as the March 22nd closing price.

So... if you buy before close on the record date, did you make it in time to get the dividend? The internet keeps saying you have to buy before the record date. But the internet also keeps saying the ex-dividend date is before the record date, and that's clearly not the case for VTSAX. Boo internet...
If you submit a buy order for a mutual fund on the date of record, the shares are purchased after the market close. Since you must own the share at the close of market on the date of record, you don't get the dividend.

As to the "boo internet", i think you are reading about stocks and ETFs which have different rules .
by prd1982
Sat Mar 23, 2024 11:29 am
Forum: Personal Consumer Issues
Topic: Autos Collecting and Selling Our Driving Info? Is this real?
Replies: 25
Views: 2793

Re: Autos Collecting and Selling Our Driving Info? Is this real?

I just went to the site to request my information. First of all, they ask for SSN and phone number. However, you don’t have to provide it. I interpreted the text on the screen to say I could ask for an online report if I gave my email address, which I did. However, I got an email from LexisNexis saying the report would be mailed to me in 2 weeks. Has anyone got an online report from them?
by prd1982
Sat Mar 23, 2024 6:44 am
Forum: Personal Investments
Topic: Dividend warning when buying
Replies: 19
Views: 2342

Re: Dividend warning when buying

Beensabu wrote: Fri Mar 22, 2024 4:24 pm
OuterBanks wrote: Fri Mar 22, 2024 1:45 pm Vanguard gave me a warning yesterday that I was about to buy VTSAX before a dividend
March 21st was the record date for VTSAX. Were you about to buy after market close? Maybe that's their way of going "are you sure you want to pay for a dividend you're not going to get?"
I don’t think this is true. If you bought after close on the 21st, the purchase would take place on the evening of the 22nd. It would be after the dividends were removed and the share price adjusted. At least I think that is how it works.
by prd1982
Fri Mar 22, 2024 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do you assume legislative cuts in Social Security and other federal benefits?
Replies: 49
Views: 2124

Re: Do you assume legislative cuts in Social Security and other federal benefits?

I think it is prudent to evaluate cuts. If I were 5 years from retirement, I might model a 10% cut. If I were 20 years from retirement, I would model a 50% cut. This would only be for high income folks. I’m not saying the government will cut SS. But planning for retirement should include possible negative events.
by prd1982
Thu Mar 21, 2024 5:01 pm
Forum: Personal Consumer Issues
Topic: Replacing Xfinity (Comcast) modem
Replies: 39
Views: 3080

Re: Replacing Xfinity (Comcast) modem

vnatale wrote: Thu Mar 21, 2024 4:15 pm Can I use a splitter to send the Xfinity (Comcast) input to two separate modems? Or, am I only allowed only one modem connection?
I don’t believe you can split the modem input. The router handles sending the packets to the devices and it is between the modem and your devices.

Edit: well, from the following entries I see that I was once again wrong.
by prd1982
Thu Mar 21, 2024 1:18 pm
Forum: Personal Investments
Topic: Gearing up to Release Manager
Replies: 6
Views: 924

Re: Gearing up to Release Manager

I would transfer the stocks so you could manage. Then determine the gains and do an estimated fed & state tax if you sold using the 2023 desktop tax program. Then decide how much to sell.

Also turn off dividend reinvestment.

You said he died several months ago. Was that 2023 or 2024? If 2024, she will be filing married which should reduce the taxes.
by prd1982
Wed Mar 20, 2024 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS rollout of Login.Gov: any updates?
Replies: 28
Views: 4310

Re: IRS rollout of Login.Gov: any updates?

zie wrote: Wed Mar 20, 2024 7:32 pm
see: https://login.gov/help/verify-your-iden ... -identity/

I'm saying, Login.gov has the ability to provide the protected resource identity verification.
Thanks
by prd1982
Wed Mar 20, 2024 6:45 pm
Forum: Personal Consumer Issues
Topic: Xfinity equipment update
Replies: 17
Views: 863

Re: Xfinity equipment update

LittleMaggieMae wrote: Wed Mar 20, 2024 6:38 pm [You can't pull any old router out of the box(es) of mismatched left over/outdated/bought and never used tech and cables and whatnot that your family leaves at your house in the basement because that's where old technology goes to die. Xfinity will tell you which routers (the specs it needs to meet) you can buy and install on your own. You may need to return the equipment you got from Xfinity and you may need to watch your billing so any "equipment fee/rental" charge is not on it.
I don’t think this is accurate. I believe Xfinity cares about the modem, not the router. Now, a lot of folks buy a combination modem/router.
by prd1982
Wed Mar 20, 2024 5:37 pm
Forum: Personal Consumer Issues
Topic: Xfinity equipment update
Replies: 17
Views: 863

Re: Xfinity equipment update

I would call comcast at the support number of their website and ask what update is requested, what the change provides, and how much it would cost in dollars and plan extension. Then you can decide.
by prd1982
Wed Mar 20, 2024 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: IRS rollout of Login.Gov: any updates?
Replies: 28
Views: 4310

Re: IRS rollout of Login.Gov: any updates?

The post I quoted and my response are in reference to the IRS site, https://www.irs.gov The IRS website has NOT implemented login.gov, although they were planning to as of last year. EFTPS is not the same, although both are run by the U.S. Department of the Treasury. I just created my login.gov ID and it didn’t ask for any information to identify who I am. So if this is going to be used for IRS transactions that retrieve sensitive data (eg transcript), then the IRS a is going to have to add its own “prove who you are” mechanism. That is the major feature in ID.ME. Login.gov has that ability already, it's just not required unless the place you are authenticating to requires it. The IRS hasn't bothered to set it up yet though. Perhaps someda...
by prd1982
Wed Mar 20, 2024 8:37 am
Forum: Personal Consumer Issues
Topic: How does a landline phone decrease my bundle cost
Replies: 52
Views: 3317

Re: How does a landline phone decrease my bundle cost

samsoes wrote: Wed Mar 20, 2024 8:28 am So, I have landline phone service back with the phone company bundled with their fiber offering.
I’m pretty sure that is also a VOIP, rather than POTS line.

So many articles that talk about the number of landlines don’t indicate how they are counting VOIP home phones.
by prd1982
Wed Mar 20, 2024 8:27 am
Forum: Personal Consumer Issues
Topic: How does a landline phone decrease my bundle cost
Replies: 52
Views: 3317

Re: How does a landline phone decrease my bundle cost

vnatale wrote: Tue Mar 19, 2024 8:17 pm
Therefore, if I dropped the landline I'd drop that $30 cost but also lose a $20 credit. So, by dropping it I'd only net out to about a $10 savings.
Are you sure your bill wiould only drop by $10? The telecommunications companies have a habit of not discussing fees. So if you drop the landline, you eliminate all the FCC and state charges for a telephone line. My provider also has a “VOIP admin” charge that disappears if I drop the telephone line.
by prd1982
Mon Mar 18, 2024 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: IRS rollout of Login.Gov: any updates?
Replies: 28
Views: 4310

Re: IRS rollout of Login.Gov: any updates?

When I used my login.gov ID to sign into SSA, I was asked if I wanted to link it to my ID.ME account. I said yes.

I jus got an email that said my ID.ME account was no longer linked to my SSA account. So it switched authentication to login.gov.

Edit: I misunderstood the message from the SSA. It said it deactivated my account at www.ssa.gov/myaccount. That must be the original way to log onto the SSA. Both my ID.ME and my login.gov work with the SSA site.
by prd1982
Mon Mar 18, 2024 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: IRS rollout of Login.Gov: any updates?
Replies: 28
Views: 4310

Re: IRS rollout of Login.Gov: any updates?

cheesepep wrote: Mon Mar 18, 2024 5:15 pm Can someone answer my original question of whether login.gov only requires the download of an app and FaceID and does not require a picture of myself or driver's license or video call with someone to verify my identity?

I don't want to create another login if I dont have to.
Creating a login.gov ID doesn't require any of that. It also doesn't identify who you are. When you go to a site at supports login.gov, that site will go through the verification process to identify who you are.
by prd1982
Mon Mar 18, 2024 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: IRS rollout of Login.Gov: any updates?
Replies: 28
Views: 4310

Re: IRS rollout of Login.Gov: any updates?

I just created my login.gov ID and it didn’t ask for any information to identify who I am. So if this is going to be used for IRS transactions that retrieve sensitive data (eg transcript), then the IRS a is going to have to add its own “prove who you are” mechanism. That is the major feature in ID.ME. Perhaps try to get your SS report to see how it works with a government site. I had logged onto SS and used my login.gov ID. The site prompted me to enter my SSN and some basic info (I think it was mailing address and maybe DOB, but not sure). I realize that the IRS could implement the same logic. I wonder if the IRS considered that sufficient information to verify that you are who you claim? I know the IRS "Get Transcript" was expl...
by prd1982
Mon Mar 18, 2024 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: IRS rollout of Login.Gov: any updates?
Replies: 28
Views: 4310

Re: IRS rollout of Login.Gov: any updates?

808 wrote: Mon Mar 18, 2024 3:44 pm
The post I quoted and my response are in reference to the IRS site, https://www.irs.gov

The IRS website has NOT implemented login.gov, although they were planning to as of last year.

EFTPS is not the same, although both are run by the U.S. Department of the Treasury.
I just created my login.gov ID and it didn’t ask for any information to identify who I am. So if this is going to be used for IRS transactions that retrieve sensitive data (eg transcript), then the IRS a is going to have to add its own “prove who you are” mechanism. That is the major feature in ID.ME.
by prd1982
Mon Mar 18, 2024 9:28 am
Forum: Personal Finance (Not Investing)
Topic: IRS rollout of Login.Gov: any updates?
Replies: 28
Views: 4310

Re: IRS rollout of Login.Gov: any updates?

jebmke wrote: Mon Mar 18, 2024 8:39 am It appears that the IRS site (not EFTPS) requires ID dot me and will not accept login.gov; is that correct?
That’s what I see as well. I’m guessing the IRS is relatively lax about identifying the person who wants to send it money.
by prd1982
Sun Mar 17, 2024 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Over 80, take more than minimum RMD? Advice?
Replies: 18
Views: 1960

Re: Over 80, take more than minimum RMD? Advice?

You don't want to do a DAF for your charitable giving. Rather you want to do QCDs (qualified charitable distributions). Taking money from your IRA & adding to your DAF counts toward your AGI even though you get to deduct from your taxable income. Money taken from your IRA as a QCD doesn't get counted in your AGI. This can help reduce IRMAA and NIIT. If your state income tax is based on your AGI, the QCD method reduces your state income tax. Finally it might allow you to take the standard deduction rather than itemize.
by prd1982
Sat Mar 16, 2024 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: tax brackets etc assuming TCJA sunset no new laws
Replies: 31
Views: 3574

Re: tax brackets etc assuming TCJA sunset no new laws

Thesaints wrote: Sat Mar 16, 2024 8:01 pm ...and the marriage penalty comes back with a vengeance. We will not be able to remain both employed.
Sorry. What are you referring to?
by prd1982
Sat Mar 16, 2024 12:31 pm
Forum: Personal Investments
Topic: Fidelity 1099 Corrected Div. Already filed 2023 taxes, options
Replies: 8
Views: 699

Re: Fidelity 1099 Corrected Div. Already filed 2023 taxes, options

Thesaints wrote: Sat Mar 16, 2024 12:28 pm Submit a paper 1040X by mail.
I agree. However, be sure to wait until your initial return was processed. Hopefully you got a refund from the initial return so you can easily determine when processed.
by prd1982
Sat Mar 16, 2024 11:16 am
Forum: Personal Investments
Topic: Vanguard - fund sale - how to avoid excessive trading restrictions
Replies: 4
Views: 570

Re: Vanguard - fund sale - how to avoid excessive trading restrictions

toddthebod wrote: Sat Mar 16, 2024 10:50 am
You should not run into any restrictions unless you are simultaneously buying those same funds.
You should not run into any restrictions unless you are simultaneously buying those same funds in the same account.
So you could sell in your taxable account and buy in your IRA.
by prd1982
Fri Mar 08, 2024 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Switching from Medicare Advantage back to original Medicare
Replies: 18
Views: 2912

Re: Switching from Medicare Advantage back to original Medicare

There is switching back to traditional Medicare, and then there is getting a Medicare supplement, which you probably want . You need to check the rules for Georgia about whether it is subject to medical underwriting. If so you may need to get a physical exam, and can be rejected ir get a high premium.
by prd1982
Thu Mar 07, 2024 4:12 pm
Forum: Personal Consumer Issues
Topic: Home phone (copper) solution for parents
Replies: 26
Views: 2672

Re: Home phone (copper) solution for parents

I had trouble sending faxes when i switched to digital. I now use fax.plus. i have a plan which sends a page for $0.20. Works great. It sends PDFs.
by prd1982
Thu Mar 07, 2024 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth Long Term Care
Replies: 61
Views: 7827

Re: Genworth Long Term Care

beyou wrote: Thu Mar 07, 2024 3:53 pm
My MIL just got a notice from Genworth that her premium will be gradually adjusted from $700 to $2600 over next 4 years.
What state? Mine has gone up a lot, but no where this percentage
by prd1982
Thu Mar 07, 2024 1:35 pm
Forum: Personal Consumer Issues
Topic: Getting Vanguard website to work for me
Replies: 11
Views: 1340

Re: Getting Vanguard website to work for me

I would try using my phone (using cell data) to see if I can get by the continue problem. If that works, try using the phone on Wi-Fi.
by prd1982
Thu Mar 07, 2024 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Another Medicare Advantage Discussion - Let's have some facts
Replies: 22
Views: 1379

Re: Another Medicare Advantage Discussion - Let's have some facts

Im guessing most people make very little use of medical services. So they are clearly happier with lower cost.

To me the biggest issue is trying to understand why Advantage plans are so much cheaper that Medicare + supplement+ drugs. Is the government overpaying? Are the insurance companies making less profit on Advantage (yet advertising more)? Or is Advantage getting the providers to take less money? I know the Advantage plans say they keep people healthier but i don't see how.
by prd1982
Thu Mar 07, 2024 11:32 am
Forum: Personal Finance (Not Investing)
Topic: some turbo tax questions and paper filing
Replies: 30
Views: 2621

Re: some turbo tax questions and paper filing

I think we need to define "audited". I assume all math errors are paper returns. Do these count as audited? As for items such as requesting documentation, i read that the database the IRS logic uses to select the returns doesn't show how the return was filed. Assuming true , any difference in selection rates is really from differences in the types of returns people file on paper vs efile.

I will also contend that you will never convince some people that the IRS is telling the truth.
by prd1982
Wed Mar 06, 2024 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: tax filing using PDF
Replies: 22
Views: 1468

Re: tax filing using PDF

popoki wrote: Wed Mar 06, 2024 1:37 pm Zie is correct, you cannot email to the IRS, you must use the postal service. Now, do you trust the post office to deliver, and do you trust the IRS to open the mail in a timely manner? No way I would file by mail unless there was no e-file option.
Let’s not forget that the IRS hires folks to transcribe the numbers from your forms into their database forms. This can cause errors which generate letters from the IRS that you must answer.
by prd1982
Wed Mar 06, 2024 7:36 am
Forum: Personal Finance (Not Investing)
Topic: "Chunking" Charitable Contribution into Donor Advised Fund
Replies: 18
Views: 1328

Re: "Chunking" Charitable Contribution into Donor Advised Fund

Current law has the lower standard deduction returning in 2026. So you could only fund for 2024 & 2025. Of course, that means no deduction for those 2 years, plus there is a possibility that the law will change to keep the current large standard deduction.

But please don’t stop giving to charity for 2 years.
by prd1982
Tue Mar 05, 2024 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: some turbo tax questions and paper filing
Replies: 30
Views: 2621

Re: some turbo tax questions and paper filing

delamer wrote: Tue Mar 05, 2024 6:33 pm Well, that’s interesting because I don’t even remember getting the option to use my regular account login to download into TT. Just information from my 1099. And I use the desktop version too.
The VG brokerage site uses the key from the 1099. However I think the old mutual fund site might still use userid/password.
by prd1982
Tue Mar 05, 2024 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: some turbo tax questions and paper filing
Replies: 30
Views: 2621

Re: some turbo tax questions and paper filing

hghysm21 wrote: Tue Mar 05, 2024 6:00 pm Thanks!
1. If I use TurboTax disk, then my data will be stored on their backend server. Is that safe?
2. What's the down side of paper file, if I don't need refund fast and mail the paper return via certified mail requesting return receipt?
1. I believe the government reviews their security. Hopefully others will confirm. Of course that is no guarantee. But a lot of security minded folks on this site use it.

2. With efile, you are sure it isn’t lost in transit or at the IRS. Also you eliminate the possibility of transcribing errors. Finally, the IRS would appreciate it.
by prd1982
Tue Mar 05, 2024 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: some turbo tax questions and paper filing
Replies: 30
Views: 2621

Re: some turbo tax questions and paper filing

hghysm21 wrote: Tue Mar 05, 2024 5:32 pm 1. If you use turboTax and provide brokerage name, your account number, does TbTax import the brokerage data, like 1099?
2. If you use TbTax to file electronically, does TbTax store your date on their website?
3. 2023, can you still paper file federal and state taxes?
1. It will import 1099 data from many brokerages. In some cases it wants a "key" on your 1099 rather than your password.

2. Yes if using the online TT. If using the desktop TT, it stores on its backend servers. No idea how long it is saved.

3. Yes. However as previously mentioned i would not recommend that.
by prd1982
Tue Mar 05, 2024 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Giving (unequal) money to adult children
Replies: 90
Views: 8409

Re: Giving (unequal) money to adult children

Do you have a sense of what your two children think about the non-thriving child? Do they think that family is having unfortunate issues, or do they blame them for being lazy? If the former, I don’t think you have any push back concerns about loaning the money. If they think the family isn’t trying, then be prepared for push back when they learn. That doesn’t mean you shouldn’t lend the money. Just be prepared.
by prd1982
Mon Mar 04, 2024 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs before age 73?
Replies: 30
Views: 2493

Re: QCDs before age 73?

Assuming you plan to give your entire RMD to charity, it doesn’t matter tax-wise. It will be as if your IRA does not exist . So, if you start now, future RMDs will be smaller. Personally, I would start now.
by prd1982
Sun Mar 03, 2024 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Free Online Tax Software - If it's free, you are the product.
Replies: 37
Views: 4446

Re: Free Online Tax Software - If it's free, you are the product.

You meant a paid preparer? Do you mean the the pop-up booths that show up in Walmart and such? Or are there payday loan style places that bolt on tax preparation services at tax time? If so, that's the nature of that sector in many areas outside of filing taxes; pawn shops, convenience stores, dollar stores, etc.
Yes, I meant preparer. As to locations, I include the pop ups, HRB storefronts, etc. Yes I understand about pawn shops etc. However it is particularly galling that a significant portion of a tax break that I approve of and help fund is going to the paid preparer.
by prd1982
Sun Mar 03, 2024 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Free Online Tax Software - If it's free, you are the product.
Replies: 37
Views: 4446

Re: Free Online Tax Software - If it's free, you are the product.

Agreed with the sentiment about tax preparation industry. They lobby to keep/make income taxes complicated for their own interests. The IRS/Gov't allows the lobby to persist and makes tax preparation way too difficult. For many people, the IRS has much of the information needed. Yet, requires people to resubmit and often people must pay companies/people to do on their behalf. I disagree with the causes. The tax prep industry doesn’t lobby to make the taxes more complicated. They lobby to keep the government out of providing a free online service to prepare taxes. What the IRS is currently developing is just a free version of one of the existing online prep services. The IRS doesn’t have anything to do with making tax prep way too difficult...
by prd1982
Thu Feb 29, 2024 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-DIV income taxed at 85%?
Replies: 11
Views: 2044

Re: 1099-DIV income taxed at 85%?

I cannot be sure what is going on, but you probably hit one of those tax cliffs that everybody writes about. These are often caused by loss of tax credits for income going over a limit. See, e.g., https://www.bogleheads.org/forum/viewtopic.php?t=295815 One hint I can say is: "Please read your Form 1040!" That is, don't talk about TurboTax. You are also going to have to look and understand the internal tax worksheet that TT uses. This is used to actually determine your taxes given your taxable income. This calculation is not on the tax forms printed for mailing. H&R Block uses a worksheet inside schedule D, even if schedule D is not submitted. Perhaps someone else reading this thread can tell you how to find it in TT.
by prd1982
Thu Feb 29, 2024 11:38 am
Forum: Personal Investments
Topic: What is considered a 'good' customer at a brokerage these days (and does it matter)?
Replies: 10
Views: 1804

Re: What is considered a 'good' customer at a brokerage these days (and does it matter)?

How much money the customer has invested isn't the correct measurement. The correct one is how much profit does the customer generate. So in VG terms, paying to have VG help manage your portfolio makes you a better customer than a DIY customer having several times more assets.
by prd1982
Thu Feb 29, 2024 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Adding beneficiaries to non-retirement account at Vanguard
Replies: 24
Views: 1645

Re: Adding beneficiaries to non-retirement account at Vanguard

This issue comes up repeatedly.

* VG doesn't allow you to name beneficiaries on a joint account. Why doesn’t really matter.

* some very knowledgeable people believe that taxable accounts should go through the will rather than naming beneficiaries.

So,

* if you still want to name beneficiaries, move you funds to another broker.

* if you agree that the will is the way to handle these accounts, thank VG for helping you to see the light.
by prd1982
Wed Feb 28, 2024 7:45 am
Forum: Personal Consumer Issues
Topic: Want to leave timeshare.
Replies: 111
Views: 12273

Re: Want to leave timeshare.

PoppyA wrote: Wed Feb 28, 2024 7:41 am IMHO if it only cost you $1,500 to get out of it completely it is worth it!
Agreed. Just make sure you are selling back to the timeshare company and not some 3rd party that is scamming you.
by prd1982
Tue Feb 27, 2024 11:23 am
Forum: Investing - Theory, News & General
Topic: Retirees apparently tend to maintain assets - lessons for BH investors?
Replies: 129
Views: 17367

Re: Retirees apparently tend to maintain assets - lessons for BH investors?

This article, and I suspect a lot of people, consider having the same number of dollars 10 years into retirement as having not spent down their retirement money. Yet inflation had significantly reduced the value of the remaining pot. Only people who need to use very little of their savings can keep the value constant or growing over a 30 year period.

Just consider removing money from an IRA, paying taxes on it, and then investing the rest. That can be a substantial amount of real gains required to make up for the taxes.
by prd1982
Mon Feb 26, 2024 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: When did your Net Worth surpass your lifetime earnings?
Replies: 93
Views: 11838

Re: When did your Networth surpass your lifetime earnings?

Shouldn’t your earnings be inflation adjusted? After all, a $1 earned 20 years was worth a lot more than $1 of your current net worth,
by prd1982
Mon Feb 26, 2024 11:17 am
Forum: Personal Consumer Issues
Topic: Auto insurance suddenly cancelled: typical of this huge company?
Replies: 19
Views: 5192

Re: Auto insurance suddenly cancelled: typical of this huge company?

TheGiantess wrote: Mon Feb 26, 2024 9:38 am We have an Elantra without a mobilizer and got the"fix". Your car can still be stolen,
So what benefit did the fix provide?
by prd1982
Sun Feb 25, 2024 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: How do people go bankrupt?
Replies: 39
Views: 3231

Re: How do people go bankrupt?

Major illness that requires a wage earner to stop work. Can be made worse by having large medical expenses.

Loss of job and unable to find another one with a salary that allows them to pay their debts and ongoing obligations.
by prd1982
Sun Feb 25, 2024 12:41 pm
Forum: Personal Consumer Issues
Topic: AT&T outage affects other MVNOs?
Replies: 50
Views: 5136

Re: AT&T outage affects other MVNOs?

jebmke wrote: Sun Feb 25, 2024 12:15 pm
Northern Flicker wrote: Sat Feb 24, 2024 4:34 pm AT&T is in damage control mode from a PR perspective either way. Of course it doesn't look good. That is true whether it was an engineering failure or a security breach.
This often happens when communication is poor, either intentionally or by incompetence. Happens every time. Most of the time the sooner you get out ahead of bad news/issues the better.
I don't know what you want AT&T to do. They quickly came out and said:

* it wasn't a cyber attack (something we all considered)

* it was our fault doing a deployment. We are sorry.

What more are you expecting? Compensation?

The issue appears to have already dropped from the mainstream news.
by prd1982
Sun Feb 25, 2024 11:48 am
Forum: Personal Investments
Topic: RMD First World Problem/Options..
Replies: 10
Views: 805

Re: RMD First World Problem/Options..

Make sure your kids are financially literate and prepared to handle a large inheritance.