Search found 1733 matches

by flamesabers
Sun Oct 14, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 5803

Re: Neighbor discussing finances with me

So my neighbor is roughly my age and we've become good friends over the years. We were recently talking about the market and he was telling me how he shifted all his investments to a money market (due to the coming crash *sigh*) and his adviser recommended he move instead to a bond fund with zero r...
by flamesabers
Mon Oct 08, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5431

Re: Landlord wants to raise rent, but is asking if he can?

Should I push back or just accept it because it's been a good experience? 2.5% doesn't sound like a lot, but when you pay a few thousand it all adds up... I think something to bear in mind is he's not leasing his floor to you out of the goodness of his heart. There has to be a point where if being ...
by flamesabers
Thu Oct 04, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2922
Views: 574589

Re: What's Your Credit Card Rewards Strategy?

Sept. 25, 2018 https://www.wsj.com/articles/shoppers-love-rewards-credit-cards-retailers-hate-them-1537867801?ns=prod/accounts-wsj That's behind a hard paywall. It's also available on Yahoo Finance: https://finance.yahoo.com/news/shoppers-love-rewards-credit-cards-140600098.html?guccounter=1
by flamesabers
Mon Oct 01, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2922
Views: 574589

Re: What's Your Credit Card Rewards Strategy?

mrmass wrote:
Thu Sep 27, 2018 9:10 am
This is 2 months old but this sentiment is growing.

https://www.denverpost.com/2018/07/30/c ... -visa-ban/
Are there more recent articles on this? The latest articles I can find were written in the first week of August.
by flamesabers
Sat Sep 29, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: What kind of irrationality causes investors to accept exorbitant prices for active management?
Replies: 17
Views: 1719

Re: What kind of irrationality causes investors to accept exorbitant prices for active management?

In regards to responding to the question of how active management survives, I don't think the reason is the conjunction fallacy so much as it is the broad-based principle that experts in the field know best. When we are ill/injured, we go to a doctor to get treated. When we are faced with legal issu...
by flamesabers
Mon Sep 17, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6913

Re: Is there such thing as saving TOO much?

Not sure if many people are in the same boat as me, but I am curious as to if there is such thing as saving TOO much... I would define excessive saving when it gets to the point that it makes you miserable or you otherwise start to obsess about every little thing you're spending your money on. If y...
by flamesabers
Mon Sep 17, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5567

Re: Employer won't Match 401k. Why?

dknightd wrote:
Sun Sep 16, 2018 10:54 am
Your employer decides. If you do not like it find a new employer
+1.

If it isn't the norm for companies within your industry or if your company doesn't have problems recruiting/retaining employees, why change something that isn't broken from the perspective of your employer?
by flamesabers
Thu Sep 06, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on the way - Will/Trust needed?
Replies: 11
Views: 1337

Re: Baby on the way - Will/Trust needed?

Bumping it up to ask a related question: Most of my assets are in interactive broker, which has a function where I can set a beneficiary of the assets. Do I still need a will? Why wouldn't you want to have a will? Even if it seems redundant, a will helps to cover your bases in the worst case scenar...
by flamesabers
Wed Sep 05, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5187

Re: $200 cash bonus offer from Citi

I almost exclusively apply for credit cards WITH fees. The bonuses tend to be much better. Instead of $200 cash back for a card with no fee, you might be able to earn $1000 in travel if you get a card with a $95 annual fee. A year later, you can close the account or downgrade the card to one withou...
by flamesabers
Tue Sep 04, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5187

Re: $200 cash bonus offer from Citi

I almost exclusively apply for credit cards WITH fees. The bonuses tend to be much better. Instead of $200 cash back for a card with no fee, you might be able to earn $1000 in travel if you get a card with a $95 annual fee. A year later, you can close the account or downgrade the card to one withou...
by flamesabers
Mon Sep 03, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6488

Re: Emergency fund size

OP,

I think a reasonable EF is one in which you don't have a fear of becoming insolvent should you suddenly become unemployed, but you're also not second guessing yourself about whether you could put some of the EF to better use elsewhere.
by flamesabers
Sun Sep 02, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5187

Re: $200 cash bonus offer from Citi

I prefer credit card bonuses over bank account bonuses. The former aren't taxable, doesn't require a deposit to make and get back, and unless you're going after cards with annual fees, you don't have to worry about getting hit with account fees. If you're going to open an account with Wells Fargo, w...
by flamesabers
Fri Aug 31, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: I want to pry my friend away from Edward Jones
Replies: 71
Views: 7739

Re: I want to pry my friend away from Edward Jones

I think you've already done everything a reasonable person could do. You've given her the information, now it's her choice to act on it or not. I think trying to convince people to switch to DIY investing is particularly difficult because it's not so much about investment knowledge as it is about th...
by flamesabers
Fri Aug 31, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Are CDs considered an investment?
Replies: 75
Views: 4098

Re: Are CDs considered an investment?

Yes, I would say CDs are an investment. I regard them to be FDIC-insured bonds.
by flamesabers
Mon Aug 20, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Cashing a check
Replies: 28
Views: 2504

Re: Cashing a check

The only thing that is still on my mind is that many people every day deposit checks using their cell phone. How can everyone make sure that their checks are not used again? Why didn't LCNB National Bank take notice that the check was deposited twice? Why didn't my bank take notice that I was charg...
by flamesabers
Fri Aug 10, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Use cash to pay off low interest student loans and car or downpayment for house?
Replies: 23
Views: 1153

Re: Use cash to pay off low interest student loans and car or downpayment for house?

If I did not buy a house house now I would probably just pay off all the debt, max out my 401k every year going forward, focus on index fund investing with any remaining cash and put off entering the housing market for the unforeseeable future. This is my advice for you. I think you should pay off ...
by flamesabers
Mon Aug 06, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: My Credit Card Rewards Strategy
Replies: 28
Views: 2607

Re: My Credit Card Rewards Strategy

I'm still looking for a decent card with 3% grocery rewards. I've tried Amex Blue Cash Everyday and hated the two month delay in posting of rewards and the $25 minimum redemption requirement, so I closed the card and just use my 2% card for groceries. It's not exactly what you're looking for, but D...
by flamesabers
Mon Aug 06, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 76
Views: 14443

Re: I pay $6K in rent. Am I an idiot for not buying?

So not entirely sure whether it makes sense to buy at all. I can find a similar apartment in the neighborhood and continue renting for a similar price, but having that same thought in my head on whether it makes sense to buy, with the reasoning of 'I may pay more a month, but in the end it will be ...
by flamesabers
Sat Jul 28, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: Stock or Bond fund in my Roth account?
Replies: 5
Views: 651

Re: Stock or Bond fund in my Roth account?

Generally you'll want to place tax-efficient funds in your taxable accounts and put your tax-inefficient funds in your tax-advantaged accounts. The reasoning for this is interest for bond funds will be taxed as ordinary income while the dividends and realized gains you get from stock funds may be ta...
by flamesabers
Mon Jul 23, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Guilt at buying nice things for myself
Replies: 28
Views: 3788

Re: Guilt at buying nice things for myself

texascat1 wrote:
Sun Jul 22, 2018 9:57 pm
How do you justify your spending on unnecessary things?
When I'm already meeting my savings goals, I ask myself if I'm going to get a lot of use out of this nice thing and whether it will improve my quality of life. If the answer is yes to both questions, then I don't feel guilty.
by flamesabers
Mon Jul 23, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3745
Views: 1066244

Re: What Movie Have You Recently Watched?

Seemed like the same old stuff, though. Dinos go on rampage, some humans get munched. Yeah, they definitely reused that particular storyline. I wonder though if that's the constraint of this particular franchise? I mean, how could a Jurassic movie be a Jurassic movie without dinos engaging in mayhe...
by flamesabers
Sun Jul 22, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3745
Views: 1066244

Re: What Movie Have You Recently Watched?

I saw Jurassic World: Fallen Kingdom last Thursday. I haven't seen its prequel yet.
by flamesabers
Wed Jul 18, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 10113

Re: Why own a bed?

Pajamas wrote:
Tue Jul 17, 2018 4:10 pm
How so? Any advantage would be slight and bed bugs can live in cracks in headboards or wooden frames or slats.
You can put bed bug interceptors under the legs of the bed frame and headboard. You can't do that if your entire mattress is on the floor.
by flamesabers
Tue Jul 17, 2018 3:01 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 10113

Re: Why own a bed?

Are there any good reasons to own a bed? Why not just sleep on a mattress on the floor (I think the Japanese do that?) instead of paying hundreds or thousands of dollars to sleep a few feet off the ground? Avoiding bed bugs is a good reason I think to have a bed versus just a mattress on the floor....
by flamesabers
Wed Jun 20, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2922
Views: 574589

Re: What's Your Credit Card Rewards Strategy?

do most of you cancel old cards? I don't want to open another I won't use but the $200 for USAA is tempting. I keep all of my old cards since I don't get cards that have annual fees. There's no telling when a preferred card of mine might get cancelled out of the blue. I set reminders on my Google c...
by flamesabers
Mon Jun 18, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Idle debit/credit cards closed or downgraded?
Replies: 9
Views: 861

Re: Idle debit/credit cards closed or downgraded?

I don't think there is anything unusual with either situations. Unused/underutilized cards aren't advantageous for banks to keep open (or with such a high credit limit) as they are liabilities that don't generate any income. For keeping unused cards active, I think a good rule-of-thumb is to use the...
by flamesabers
Thu May 31, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Maximum to Spend on Rent
Replies: 9
Views: 1143

Re: Maximum to Spend on Rent

Based on $4,690 in available funds, what's the most you'd feel comfortable spending on rent? I think the answer depends on what your circumstances and what your priorities are: *How much job security do you have? *What kind of apartment would you be happy with versus unhappy with? (Excluding extrem...
by flamesabers
Thu May 17, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 45
Views: 5028

Re: Do I pay towards my mortgage or invest?

I think the best way to utilize the money really depends on what your highest priorities are. What is most important to you? -Being debt-free? -Maximizing the earnings potential of your money? -Having a nicer house? Being free of debt is very important to me, so I would put the $10k towards the mort...
by flamesabers
Wed May 02, 2018 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 24
Views: 2428

Re: Rollover to Vanguard requires brokerage account?

OP here.

It looks like everything worked out for me. :happy

Vanguard has received the rollover check and soon the money will be transferred from the settlement account to the mutual fund of my choice.
by flamesabers
Tue Apr 17, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash back card right NOW.
Replies: 34
Views: 4726

Re: Best cash back card right NOW.

What are the best deals Bogleheads have found on cash back cards? I think it depends on where you shop primarily, how much you spend and what level of complexity in terms of managing your card(s) you're willing to accept. If you're wanting to get a single card that doesn't have an annual fee, no sp...
by flamesabers
Fri Mar 30, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 2022

Re: 401k vs Traditional IRA

However, with 401k contributions you get an immediate tax deduction versus having to wait until you file your taxes with an IRA. Well, with IRA, you can still calculate your tax deduction in advance, and adjust your W4 accordingly and get a fatter paycheck. This is true if you have a consistent/pre...
by flamesabers
Fri Mar 30, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise/promotion with another offer in hand
Replies: 103
Views: 8136

Re: Asking for a raise/promotion with another offer in hand

I would advise against trying to get a raise/promotion via a counteroffer for two reasons. First, your employer will permanently question your loyalty to the company when you give an ultimatum of this nature and may result in your employer overtly or subtly treating you unfavorably (assuming they do...
by flamesabers
Fri Mar 30, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14301

Re: What’s the magic savings rate???

I think the ideal savings rate is subjective. It depends on what kind of retirement you would like to have, your cost of living at retirement age, when you plan to retire and whether you'll have access to additional sources of income such as a pension and social security when you stop working. Inste...
by flamesabers
Thu Mar 29, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 2022

Re: 401k vs Traditional IRA

I like contributing to an IRA because I can make my contribution on January 2nd and be done for the rest of the fiscal year. With 401k accounts on the other hand, you can only make a contribution via payroll deduction. However, with 401k contributions you get an immediate tax deduction versus having...
by flamesabers
Thu Mar 29, 2018 8:59 pm
Forum: Personal Consumer Issues
Topic: Auto insurance keeps rising
Replies: 20
Views: 1988

Re: Auto insurance keeps rising

Have you reviewed your policy recently to see if you can make any changes to reduce your premiums? (i.e. raise your deductible, eliminate coverage you no longer need, etc.)
by flamesabers
Thu Mar 29, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 24
Views: 2428

Re: Rollover to Vanguard requires brokerage account?

I've decided to go ahead and open a brokerage account. I really want to do the rollover and the only other option would be rolling the 401k into the TSP, which I don't want to do at this time due to the lack of flexibility of converting it to Roth in the future.
by flamesabers
Thu Mar 29, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 24
Views: 2428

Re: Rollover to Vanguard requires brokerage account?

What do you perceive as a downside to holding mutual funds inside a brokerage account? Having to wait longer for tax forms is the first thing that comes to mind. The other downside is introducing more complexity with no significant advantages for me. I hold no ETFs, nor do I plan to. I think all ne...
by flamesabers
Thu Mar 29, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 24
Views: 2428

Rollover to Vanguard requires brokerage account?

Hello all, Next month I'm planning on rolling over my 401k to an IRA with Vanguard. When I started going through the online process on Vanguard website, I'm being prompted to open a brokerage account. Is this necessary to do the rollover? Or can I bypass this by filling out the paperwork myself? I'm...
by flamesabers
Tue Mar 27, 2018 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't max out 457
Replies: 21
Views: 2136

Re: Employer won't max out 457

Did the OP get the plan document for the 457 plan? That should have any restrictions in it. I'm wondering that as well. It might even give an explanation for the restrictions on contribution. Wouldn't the garnishment of wages be something the employer would have to know about (to carry out the garn...
by flamesabers
Tue Mar 27, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't max out 457
Replies: 21
Views: 2136

Re: Employer won't max out 457

Seems employer-imposed low limits such as 25% penalize those earning less than $74K/yr, and penalize them for no good reason. Or am I missing something? I'm not trying to defend the low contribution limits, but I understand the rationale for it. The fallout of being an accomplice for violating a co...
by flamesabers
Tue Mar 27, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't max out 457
Replies: 21
Views: 2136

Re: Employer won't max out 457

FiveK wrote:
Tue Mar 27, 2018 4:07 pm
Other than "ability to withhold mandated amounts such as FICA taxes" what good non-arbitrary reason does a company have for low percentage limits?
There are other mandated amounts that may be applicable, such as garnishments for alimony, child support, delinquent debt, tax liens, etc.
by flamesabers
Tue Mar 27, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I invest TODAY?
Replies: 10
Views: 1503

Re: Where do I invest TODAY?

I think it depends. How many years are you going to be retired before you plan to start withdrawing from your IRAs/401k and/or take social security? What is the intention of your monthly $2k investment? Do you want it to generate income for you during retirement or are you more looking to use all of...
by flamesabers
Tue Mar 27, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't max out 457
Replies: 21
Views: 2136

Re: Employer won't max out 457

Technically the TSP allows me to contribute up to 92% of my base pay to my account. However, there's a stipulation that if I have a deduction or something else that makes it impossible to have enough to pay all of my deductions and meet the 92% contribution, the TSP will automatically slash my contr...
by flamesabers
Mon Mar 26, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Should I proactively replace my central AC unit?
Replies: 33
Views: 2919

Re: Should I proactively replace my central AC unit?

I think it depends: * Will a new AC unit be much more energy efficient then your current one? * How tolerant are you of high temperatures without having the A/C running? * How was the average life expectancy for central AC units calculated? (I imagine it varies on your climate, usage and how diligen...
by flamesabers
Mon Mar 26, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: $35/month for washer dryer rental?
Replies: 37
Views: 3466

Re: $35/month for washer dryer rental?

Just out of curiosity I went to Lowes and found Whirlpool 3.5-cu ft Top-Load Washer $349, and a Whirlpool 7-cu ft Electric Dryer for $349. So lets say $800 including tax, etc. Washers and driers have an average life expectancy of 12 to 14 years. So if the apartment complex buys a washer and drier f...
by flamesabers
Mon Mar 26, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a Roth IRA?
Replies: 11
Views: 871

Re: What to do with a Roth IRA?

That sounds like a reasonable idea for handling your Roth IRA.
by flamesabers
Mon Mar 26, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: $35/month for washer dryer rental?
Replies: 37
Views: 3466

Re: $35/month for washer dryer rental?

A washing machine probably won't actually last for 25 years. You would probably want a new one before then even if it did. There have been significant improvements in efficiency in the last 25 years, for instance. Since it is an apartment and you will probably be moving and owning a washer is a bit...
by flamesabers
Fri Mar 23, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Self-insuring for healthcare - how would you invest
Replies: 36
Views: 3286

Re: Self-insuring for healthcare - how would you invest

Probably either a low-risk bond fund or else put it into savings accounts across 4-5 banks.

If I was in the situation you described, I would prefer to buy an individual health insurance plan with a high-deductible if possible and use the $1 million to pay the premiums/deductibles/co-pays.
by flamesabers
Fri Mar 23, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 6981

Re: Credit Card Recommendations

Not enough info. What are your credit card reward goals? Travel points, cash back? What is your credit score? Do you intend (or think you might) carry a balance? Do you do international travel? What cards do you have now? Thanks for inquiring. Goals include efficiency with rewards. Cash, miles, hot...
by flamesabers
Thu Mar 22, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can a friend sign a large check for me?
Replies: 23
Views: 2130

Re: Can a friend sign a large check for me?

If your friend doesn't have the authority to sign your checks, she shouldn't be doing anything of the sort. If you're the sole owner of your checking account, the bank shouldn't be honoring such a check. Imagine if someone stole some of your checks and wrote a bogus check to withdraw money from your...