Search found 1462 matches

by flamesabers
Wed Nov 22, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA Contributions: Still make sense for us?
Replies: 10
Views: 570

Re: Roth IRA Contributions: Still make sense for us?

You can only contribute directly to a Roth IRA if your MAGI is low enough to meet the IRS requirements:

https://www.irs.gov/retirement-plans/am ... e-for-2017

When your MAGI is too high, you'll have to do a backdoor Roth IRA.
by flamesabers
Wed Nov 22, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Any need for professional tax preparer?
Replies: 10
Views: 618

Re: Any need for professional tax preparer?

I guess the real question I'm trying to get answered is in what situations would drive me to engage with a professional tax preparer rather than simply use one of the commercial tax software packages? Two potential situations come to mind: 1. It's much more convenient for you to give your paperwork...
by flamesabers
Tue Nov 21, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: Tipping contractors?
Replies: 15
Views: 1118

Re: Tipping contractors?

. I would just pay him what we agreed on, thank him, and promise him to get him customers. Also I would leave him +5 reviews online.. +1. It doesn't cost you anything to give a good referral to family/friends or leave a 5-star review online. However, I'm sure the contractor will appreciate the posi...
by flamesabers
Tue Nov 21, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: "Got $1 million to retire? Here’s how long it will last, by U.S. state"
Replies: 49
Views: 8387

Re: "Got $1 million to retire? Here’s how long it will last, by U.S. state"

I think a good illustration of the limitations of this article is how the average annual expenditure for retirees in my state is close to my current annual gross income. Judging by this data, I will never be able to retire. :? At least for my state I suspect the HCOL areas are driving up the average...
by flamesabers
Tue Nov 21, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Help Planning for 2018
Replies: 6
Views: 451

Re: Help Planning for 2018

Right now I would suggest planning on how much money you'll be spending when you move out of your parents' house. If you're going to buy a house, I would recommend considering the following: *Amount of a 20% down payment on the house plus any financing costs *Your credit score. Ideally you'll want i...
by flamesabers
Tue Nov 21, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Discover Card Change in Terms
Replies: 25
Views: 2111

Re: Discover Card Change in Terms

I presently do not use this card. In view of this, which of the following options would you recommend? 1. Keep the card and use it once a year so they don't close it for me. 2. Close the account in protest of the new terms. 3. Increase the credit limit on my other cards, and then close the account....
by flamesabers
Tue Nov 21, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12868

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Billionaire wrote:
Tue Nov 21, 2017 10:46 am
I was gonna buy a bunch of books and stuff off of his website using my credit card. I just saved a bunch of money.
I thought you couldn't use credit cards to purchase his merchandise. If you can, doesn't it seem a bit odd considering his advice to not use credit cards? :?
by flamesabers
Mon Nov 20, 2017 5:34 pm
Forum: Personal Consumer Issues
Topic: Do you record customer service interactions?
Replies: 23
Views: 1123

Re: Do you record customer service interactions?

If it's something I need in writing I try to use email or live chat when possible. This is actually one of the reasons why I prefer using the written word when communicating with institutions. However, if it's something I need immediate action on or is much easier to explain verbally, I just call (w...
by flamesabers
Mon Nov 20, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have to report a thank-you dinner as income to the IRS?
Replies: 15
Views: 2163

Re: Do I have to report a thank-you dinner as income to the IRS?

3funder wrote:
Mon Nov 20, 2017 3:42 pm
I'm pretty sure both you and the IRS have other, more important things to worry about.
+1.

While having to pay taxes is a certainty in life, that doesn't mean everything you do in life has to be related to taxes.
by flamesabers
Mon Nov 20, 2017 5:24 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5500

Re: Tipping in living wage state. Redux.

They earn the tipped minimum in my area, so I know with a high degree of certainty. Or do you mean "how do you know how much they make AFTER tips?" I don't, but that's irrelevant. They make that money BECAUSE we tip, which is why I do. I was asking about pre-tip income. How do you know that your se...
by flamesabers
Mon Nov 20, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12868

Re: Dave Ramsey says don't use credit cards, even if you pay them off

There have been various, divisive, threads on this topic in the past. Very little good comes from them other than arguments. I agree. In one of these Dave Ramsey's threads someone made the (sarcastic?) suggestion that the site should have a sub-forum dedicated to Dave Ramsey in consideration to how...
by flamesabers
Mon Nov 20, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5500

Re: Tipping in living wage state. Redux.

I bag my groceries myself, don't have a child, and don't interact with the people who stock my shelves. But no, I don't believe they are underpaid in the way my server is, so I wouldn't tip them if I had the opportunity. If I knew my server made $35/hr 40 hours per week I wouldn't tip so generously...
by flamesabers
Mon Nov 20, 2017 2:42 pm
Forum: Investing - Theory, News & General
Topic: Dormant Bank Accounts
Replies: 4
Views: 932

Re: Dormant Bank Accounts

If so would you closeout the dormant banks or just leave them empty in case you might want to use them again someday? You may want to double check with these banks, but I think normally banks don't keep accounts with a zero balance open very long. If you're not going to do business with a bank for ...
by flamesabers
Mon Nov 20, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for job, should I freeze my credit now?
Replies: 6
Views: 893

Re: Looking for job, should I freeze my credit now?

OP, I would suggest freezing your credit now. Until you start getting job offers, there is no telling how long it might be until you need to have your credit unfrozen for a background check. I'm in a similar situation but I already froze my credit (looking for a job as well). Is a credit check usual...
by flamesabers
Mon Nov 20, 2017 10:35 am
Forum: Investing - Theory, News & General
Topic: Is investing with Vanguard a tragedy of the commons?
Replies: 41
Views: 4572

Re: Is investing with Vanguard a tragedy of the commons?

No. It is not a tragedy of the commons situation at all. The tragedy of the commons applies to consumable resources without property rights. The equity markets are not a consumable resource and they do come with property rights, so you need to come up with a different economic model. I agree. I thi...
by flamesabers
Fri Nov 17, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: My dad's army jacket
Replies: 69
Views: 4432

Re: My dad's army jacket

I think it's astonishing that anyone would think that loving reuse of an item would be disrespectful, especially as compared to a landfill. My answer to this statement is I consider a veteran's patches/awards to be different from other family heirlooms such as a grandmother's wedding ring, a father...
by flamesabers
Fri Nov 17, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: 401k how to reduce or eliminate fees
Replies: 4
Views: 276

Re: 401k how to reduce or eliminate fees

I agree with Rupert's post. The only way to get rid of those fees is to move all of your money out of that 401k.
by flamesabers
Fri Nov 17, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: My dad's army jacket
Replies: 69
Views: 4432

Re: My dad's army jacket

As a service member I find it distasteful to wear someone else's unit patches/awards, even if they belonged to an immediate family member. My late father also served in the army during the cold war. Even though I also have served in the army, I wouldn't feel comfortable wearing any of his patches/aw...
by flamesabers
Thu Nov 16, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 24
Views: 2799

Re: Chain of command

OP, Does the CFO have a personal relationship with the bookkeeper? (Family or otherwise.) In any case, I agree with the others about looking for another job. When a senior leader is being lackadaisical with his responsibilities, I think that's a huge red flag. It may only be a matter of time before ...
by flamesabers
Thu Nov 16, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Question re: my high fee 401k plan/my investments
Replies: 11
Views: 685

Re: Question re: my high fee 401k plan/my investments

Welcome to the forum! :beer For your 401k do you have any other fees? (i.e. AUM fees, admin, recordkeeping, etc.) If I was in your position here's how I would concentrate my areas of investment: 401k-Domestic Equity (Dreyfus S&P 500) Roth IRA-Bonds (Total Bond Index) Taxable-International Equity (To...
by flamesabers
Thu Nov 16, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: Windows 10/Edge Conflicts
Replies: 12
Views: 845

Re: Windows 10/Edge Conflicts

The patient portal for our eye doctor requires Mozilla Firefox and more recently our local bank requires Internet Explorer to use certain features within their on-line banking platform - has anyone else had issues with W10/Edge clashing with certain online vendors ? You should still be able to use ...
by flamesabers
Thu Nov 16, 2017 2:46 pm
Forum: Personal Consumer Issues
Topic: Keep old cards active by paying yourself?
Replies: 20
Views: 2276

Re: Keep old cards active by paying yourself?

Can I ask why people want to keep accounts they never use open? Is it just for the impact on your credit score? Credit score I think is a major reason to keep unused accounts open. Another reason is to have flexibility with your credit cards. Credit card rewards can always change and what was once ...
by flamesabers
Thu Nov 16, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Preferred Cash Rewards Visa Card
Replies: 4
Views: 574

Re: USAA Preferred Cash Rewards Visa Card

I don't have this particular type of USAA Visa card, but with the three I do have, (Rewards Visa Signature, Rates Advantage, and Limitless Visa) I haven't had any issues establishing automatic bill-pay on them.
by flamesabers
Thu Nov 16, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 233
Views: 40657

Re: USAA 2.5% Cash Back Credit Card

It was Too Good To Be True :| The ironic thing was there was a lot of speculation the card would be available nationwide in September. :oops: Looks like they have since updated the website as of this evening. From https://www.usaa.com/inet/wc/bank_cc_limitless_cashback_visa_signature Thanks for the...
by flamesabers
Wed Nov 15, 2017 5:59 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 233
Views: 40657

Re: USAA 2.5% Cash Back Credit Card

. Since I have a military connection, I'll be eligible for the 2% rate. What does military connections mean? I remember the PenFed Defender Amrexican Express had certain limitations that I thought I wasn't eligible for. I'm not familiar with the Power Cash Rewards. I still use the PenFed Cash Rewar...
by flamesabers
Wed Nov 15, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Keep old cards active by paying yourself?
Replies: 20
Views: 2276

Re: Keep old cards active by paying yourself?

How many old cards do you need to keep active? The simplest approach would be to put recurring bills on these cards. Otherwise I would suggest breaking up routine transactions to be charged on multiple cards. For instance: *Use card #1 to gas up your car. *Use card #2 to buy something inside of the ...
by flamesabers
Wed Nov 15, 2017 5:15 pm
Forum: Investing - Theory, News & General
Topic: Do you subscribe to taking risk only on the equity side
Replies: 40
Views: 2309

Re: Do you subscribe to taking risk only on the equity side

I prefer to keep it simple: buy stocks for earnings and buy bonds for stability. Adding in hybrid investments into the mix at best increases complexity to one's portfolio and the temptation to make additional adjustments. At worse, you may end up losing a lot of money trying to get an investment to ...
by flamesabers
Wed Nov 15, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 233
Views: 40657

Re: USAA 2.5% Cash Back Credit Card

If they eventually lower the 2.5% cashback, I'd accept 2.0% cashback otherwise I'll just do minimal transactions to maintain the credit card as active and do the majority of my purchases on a different card If the Limitless Visa cashback rate gets cut below 2% I'll likely go with Penfed's Power Cas...
by flamesabers
Wed Nov 15, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 233
Views: 40657

Re: USAA 2.5% Cash Back Credit Card

I've been waiting for this card for a while now. Just called USAA and the rep said that it's now rolled back to just one state (Louisiana). I'm guessing will cease to exist soon. Guess I'll just have to be content with 2% for now! :annoyed It doesn't look like they've updated their website to refle...
by flamesabers
Wed Nov 15, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5500

Re: Tipping in living wage state. Redux.

I tip because I believe waitstaff are underpaid. If they receive an hourly wage I don't think represents being underpaid, I will adjust my tipping accordingly. I don't tip because of a social expectation or anything of that sort. How do you know if your server is being underpaid? Do you ask servers...
by flamesabers
Wed Nov 15, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Value of 401k Employer Match vs. Salary Equivalent
Replies: 34
Views: 3198

Re: Value of 401k Employer Match vs. Salary Equivalent

All else being equal I think a $20k pay raise has more value then an employer 401k match of $5k. As for finding a dollar equivalent for pay raise vs. matching contributions, I think it depends greatly on your financial circumstances. For instance: If you have a lot of debt, a pay raise would be pref...
by flamesabers
Wed Nov 15, 2017 1:01 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 102
Views: 5500

Re: Tipping in living wage state. Redux.

Should I continue to tip 15% (or 20%) in these situations, or is the acceptable tip now something different (ie, lower)? Please discuss your rationale. I prefer to tip fixed amounts rather then a percentage. It's simpler for me as it fulfills the implied social contract without taking things to an ...
by flamesabers
Wed Nov 15, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: How do you stop junk mail?
Replies: 29
Views: 1507

Re: How do you stop junk mail?

To get rid of different types of spam: https://www.consumer.ftc.gov/articles/0262-stopping-unsolicited-mail-phone-calls-and-email Using the sites provided in this link has helped to cut down dramatically on my junk mail. For junk mail that is addressed to me or a prior resident, I find asking them ...
by flamesabers
Mon Nov 13, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Savor credit card
Replies: 20
Views: 1782

Re: Savor credit card

linenfort wrote:
Mon Nov 13, 2017 3:02 pm
The TD Cash card is bumping up their rewards to levels that match Savor: 3% on restaurants and 2% on groceries. Not bad.
The TD Cash card also has a signup bonus of $200 for spending $500 in 90 days versus Capital One's $150 bonus for spending $500 in 90 days.
by flamesabers
Mon Nov 13, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 37
Views: 2642

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

Of note, my wife and her sister are attending the meeting as well. Sis in law is newly married to a banker and I believe she'll have a list of questions As Randomguy mentioned, the in-laws' intent of this meeting might not be for you to grill the FA on fees and compensation but rather to introduce ...
by flamesabers
Mon Nov 13, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Did you want to set up a payment plan for that?
Replies: 19
Views: 2374

Re: Did you want to set up a payment plan for that?

All of the Android phones I've purchased have been under $100. There is no reason or advantage to finance the Android phones I get. :)
by flamesabers
Mon Nov 13, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 37
Views: 2642

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

OP, Why can't your in-laws get the fees and compensation schedule in writing and show it to you in private at a later time? I don't think potentially confronting their FA without knowing the details is a good idea especially considering they have been with this FA for decades and they're uncomfortab...
by flamesabers
Mon Nov 13, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 6262

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

kayanco wrote:
Fri Nov 10, 2017 9:17 pm
Or is this not a likely possibility, and unnecessary to consider?
I think this is the case, especially if you don't carry your checkbook with you.

Otherwise I would say use a digital payment platform like Android Pay or Apple Pay, or use cash to pay for everything.
by flamesabers
Mon Nov 13, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 14692

Re: Why pay cash for a car?

I prefer to pay cash for cars due to simplicity. When paying cash I'll know exactly how much I'll be paying for the car and I won't have to deal with paying a new creditor every month for the next few years.
by flamesabers
Fri Nov 10, 2017 5:31 pm
Forum: Personal Consumer Issues
Topic: Savor credit card
Replies: 20
Views: 1782

Re: Savor credit card

Plus that effective 4% cash back on dining for a no AF card just sounds too good to be true - I suspect it will be modified sooner rather than later. According to the website, if you want to redeem your rewards for something other then Uber-credit, the minimum redemption amount is $25. You'll have ...
by flamesabers
Fri Nov 10, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 196
Views: 16189

Re: Why NOT make more money?

So why NOT make more money? The potential problem for me is: Why not make more money to fly in business class, to slow travel overseas in good hotels 6 months every year, to eat lobsters every week, and to buy a luxury car every three years? My answer would be money isn't everything and not everybo...
by flamesabers
Fri Nov 10, 2017 12:42 pm
Forum: Investing - Theory, News & General
Topic: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"
Replies: 15
Views: 1119

Re: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"

cinghiale wrote:
Fri Nov 10, 2017 12:35 pm
Try this: Google “Victor Haghani indexing” and click on the FT link. That got me over (under? around?) the firewall.
Thanks, that trick worked for me as well.
by flamesabers
Fri Nov 10, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: U. S. Marine Corps Birthday
Replies: 13
Views: 825

Re: U. S. Marine Corps Birthday

Happy birthday to all past and present marines! :beer November 10, 2017 marks the Marine Corps’ 142nd birthday -- please join me in wishing the Corps a HAPPY BIRTHDAY. I think it should be 242nd birthday. A slip of my finger. Thanks, I corrected it and added something else. Thank you the link in yo...
by flamesabers
Fri Nov 10, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: PayPal alternative?
Replies: 47
Views: 2407

Re: PayPal alternative?

OP, I prefer using Amazon gifts cards to pay family members/friends when a simple check won't do. Just write a check, always works :D Your statement reminds me of this thread; https://www.bogleheads.org/forum/viewtopic.php?t=231110 TLDR: Some people aren't comfortable giving out checks anymore.
by flamesabers
Fri Nov 10, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: U. S. Marine Corps Birthday
Replies: 13
Views: 825

Re: U. S. Marine Corps Birthday

Happy birthday to all past and present marines! :beer
Sheepdog wrote:
Fri Nov 10, 2017 9:02 am
November 10, 2017 marks the Marine Corps’ 142nd birthday -- please join me in wishing the Corps a HAPPY BIRTHDAY.
I think it should be 242nd birthday.
by flamesabers
Fri Nov 10, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"
Replies: 15
Views: 1119

Re: WSJ: "A Former LTCM Partner Embraces Indexing, and Says You Should Too"

cinghiale wrote:
Fri Nov 10, 2017 12:12 pm
The WSJ has beefed up its firewalls. This coverage from the Financial Times should cover the story, and may be the same article:

https://www.ft.com/content/32c32462-2f3 ... ef563ecf9a
That's behind a paywall as well. :oops:
by flamesabers
Thu Nov 09, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 79
Views: 4312

Re: Interviewing at a former employer, should I give them my current salary when they ask?

Personally - I don't think its a big deal to discuss salary history with a perspective employer even if you are underpaid. By stating your current salary and stating that you KNOW you are underpaid and what salary range you are looking for in order to make a move can be a good opening step to negot...
by flamesabers
Thu Nov 09, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Alternative Minimum Tax and Turbo Tax
Replies: 10
Views: 614

Re: Alternative Minimum Tax and Turbo Tax

TurboTax will tell you. I agree. TurboTax and any other tax-preparation software company would be in a lot of legal trouble if they didn't notify users to pay AMT instead of the regular income tax. OP, You could also use a calculation tool on the IRS website to determine if you need to complete For...
by flamesabers
Thu Nov 09, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: What is the difference between retiring and resigning from a job?
Replies: 42
Views: 4384

Re: What is the difference between retiring and resigning from a job?

An employer will often formally define "retirement" somewhere for purposes of retiree benefits, etc. Whether you consider and call it "retirement" won't really matter to them. My thoughts exactly. One classic example of this is the military. After completing 20 years of active service, service memb...
by flamesabers
Thu Nov 09, 2017 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 79
Views: 4312

Re: Interviewing at a former employer, should I give them my current salary when they ask?

For those who say don't share, how did this work out for you in real life? I don't think I've ever been asked this face-to-face in a interview. If I come across this question on a paper application I just leave it blank. Not sharing sounds good on paper, but can cost you the job as you will be perc...