Search found 91 matches

by benevo
Mon Dec 04, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Understanding the World of Credit Card "Points"
Replies: 60
Views: 3312

Re: Understanding the World of Credit Card "Points"

I've recently become aware that there is a whole world of credit card points out there. Yes, I was vaguely aware of this, but I ignored it completely - just didn't have time to deal with it. However, now I've listened to a few financial podcasts where "experts" in this area of commerce are intervie...
by benevo
Mon Dec 04, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9287

Re: Why should I donate to my alma matter?

Why would I donate money so that they can have a nicer rock climbing wall? My undergrad had an annual Scholarship Ball. When I was a student, it just seemed like a ritzy glamorous "gala" where the higher-end donors came and donated to the university at a live and silent auction, etc. Literally seem...
by benevo
Tue Nov 28, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Forming an LLC without an attorney
Replies: 24
Views: 2497

Re: Forming an LLC without an attorney

Sic Vis Pacem wrote:
Mon Nov 27, 2017 5:35 pm
Given the acumen displayed on your website, you will have zero problem appropriately forming the LLCs. I would not bother with LegalZoom or similar services, as you are perfectly capable of preparing the forms.
I just want to echo this sentiment - saved me about $300 to do it on my own!
by benevo
Sat Nov 25, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff remaining auto loan or finish remaining 16 months?
Replies: 13
Views: 950

Payoff remaining auto loan or finish remaining 16 months?

Hi all and happy Saturday! I have 16 months left on my auto loan, with a current payoff amount of $4,228.39. It's at a 2.49% interest rate. I'm weighing the pros/cons of 2 options: Option A: payoff loan now - I have about 4 months of emergency savings and could payoff the loan from these savings - i...
by benevo
Mon Nov 20, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: Do you record customer service interactions?
Replies: 23
Views: 1217

Re: Do you record customer service interactions?

I personally make an effort to do live chats whenever possible - keeps everything in writing, that way!
by benevo
Thu Nov 16, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4725

Re: Fair way to split expenses?

All, In order to prevent future fights and difficulties with money, my wife and I have decided to have separate bank accounts and funnel money to a joint account that auto pays our bills. I would like to ask advice from those who have done anything remotely similar as to the best way to determine h...
by benevo
Mon Nov 13, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 3174

Re: Schwab/Fidelity vs BoA Gold: Checking

I actually use both Schwab and CO360. Schwab - for all "spending money" and any time I need an ATM. As you mention, free ATM fee refunds at the end of the month! I use CO360 checking and savings for paying bills and keeping all my non-emergency fund savings balance. It's also extremely useful having...
by benevo
Wed Nov 08, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 150
Views: 13133

Re: How old are you and how much do you save for retirement a year

RDHlooking4FIRE wrote:
Tue Nov 07, 2017 8:39 pm
It's funny. Talking to people at work I feel like I'm the only one in the world saving for retirement. Reading on here I feel like I am not doing nearly enough.
+infinity THIS!
by benevo
Sat Nov 04, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting with significant other
Replies: 26
Views: 2233

Budgeting with significant other

Just purely discussion! Curious what others do. I have been with my SO for 4 years. We own a house together (purchased almost 2 years ago - my, how time flies!). We have a shared credit card, shared checking account, and shared savings account - and, of course, we are both on the mortgage. As we are...
by benevo
Fri Nov 03, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Max HSA?
Replies: 12
Views: 1264

Re: Max HSA?

Are you spending your HSA for ongoing health costs or saving it for the future? It sounds like you should definitely be putting the full amount into the HSA every year. That gives you a 25% savings on health costs if you have a 25% marginal tax rate. After that, it basically becomes like a Roth tha...
by benevo
Fri Nov 03, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Max HSA?
Replies: 12
Views: 1264

Re: Max HSA?

Da5id wrote:
Fri Nov 03, 2017 8:24 am
What is your marginal tax rate? If you are somehow in the 15% bracket, Roth should move up the list above 401k after you get match.
Just on the 25-28 line. Thanks for the reply!
by benevo
Fri Nov 03, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Max HSA?
Replies: 12
Views: 1264

Max HSA?

Good morning! I am a younger investor and currently putting in 11% toward my 401(k) (and yes, I get my employer match). I just started a roth IRA recently (very low monthly contribution of $25/month just to start, will certainly be increasing), and I have an HSA through work where I currently put an...
by benevo
Tue Oct 31, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: House - leaking chimney - thoughts?
Replies: 24
Views: 1154

Re: House - leaking chimney - thoughts?

Another old house owner here (and one experiencing a leak last weekend as well, unfortunately): Leaks can come from unexpected places, and fixing them is a trial and error process. Don't have anything inside fixed until you've patched the chimney and had another hard rain so that you're sure the ch...
by benevo
Tue Oct 31, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: House - leaking chimney - thoughts?
Replies: 24
Views: 1154

Re: House - leaking chimney - thoughts?

Is the chimney brick? Is the house older than 50 years(just as a number to use)? The picture suggest it may be. You may also need to consider tuck pointing the bricks in addition to the flashings. Another thought would be, does the roof slope down to the back side of the chimney? If so consider hav...
by benevo
Tue Oct 31, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: House - leaking chimney - thoughts?
Replies: 24
Views: 1154

Re: House - leaking chimney - thoughts?

Thanks - yes, I have 2 other people coming out today for other quotes.

And chimney is used as exhaust for boiler in the basement, so unfortunately the plastic sheeting won't work. Great suggestion though!
by benevo
Tue Oct 31, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: House - leaking chimney - thoughts?
Replies: 24
Views: 1154

House - leaking chimney - thoughts?

Good morning, Bogleheads! We in the northeast just had a pretty heavy day of rain on Sunday, which unfortunately caused me to find a leak in the stairs leading upstairs. I had a contractor come out to take a look, and he says the chimney needs some fixes. I'm a newer homeowner and this is my first-e...
by benevo
Fri Oct 27, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: My mortgage was sold - let it go, or shop around?
Replies: 15
Views: 1594

My mortgage was sold - let it go, or shop around?

Hi gang, Happy Friday! I just got a letter in the mail from my current (and original - loan is just at 2 years) mortgage lender, CitiMortgage, that they sold my loan to Nationstar Mortgage (aka Mr. Cooper!?!?). I know this happens all the time. Since none of the terms have changed, should I leave it...
by benevo
Fri Oct 06, 2017 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Student Debt Advice
Replies: 17
Views: 1303

Re: Student Debt Advice

Pay down this mess of a debt asap. Live like you understand you are broke and in a mess. Sounds like you are throwing a lot of money at the debt which is great. Save for a car to pay cash (keep it a cheap car) and emergency fund is critical. Unless you want to be in debt forever like the other lemm...
by benevo
Thu Oct 05, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 373
Views: 51652

Re: Identity theft

cas wrote:
Sun Oct 01, 2017 10:01 am
First thing I would do is make sure this isn't a phishing scam: Don't use the phone number that he was given, but find the real number of the financial institution (from their web site, a paper statement, etc.), call them, and confirm that the withdrawal really happened.
^^ THIS
by benevo
Tue Oct 03, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51608

Re: Equifax customer information leak

Hmmm! I'll have to confirm, that's a great question. No, didn't do a freeze yet - knew I'd be setting up a new cell account and didn't want to unfreeze. I'm in a state where it's free to freeze but not unfreeze, so figured I'd wait. Now that account is setup, I'm not sure what to do! All the websit...
by benevo
Tue Oct 03, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51608

Re: Equifax customer information leak

Equifax, TransUnion, and Experian Which one did you place it with? I placed it with Experian, it was forwarded to Transunion but not Equifax. Someone else on here also reported that only 2/3 got it. But in any case, it's a shame that the fraud alerts aren't taken more seriously, but that's one of t...
by benevo
Tue Oct 03, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51608

Re: Equifax customer information leak

Equifax, TransUnion, and Experian
by benevo
Tue Oct 03, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51608

Re: Equifax customer information leak

I put in a security freeze at ChexSystems on 9/12. As fate would have it, I needed to open a savings account last week. The bank said to me "are you aware that you have a security freeze in on your account?" I said "yes." And that was all there was to it. I didn't need to lift the freeze in order t...
by benevo
Sun Oct 01, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Take out of emergency savings to pay off auto loan?
Replies: 7
Views: 625

Re: Take out of emergency savings to pay off auto loan?

Meh. With a one year payoff, and a relatively modest difference in the interest on savings (which is taxable, of course) or the loan (not deductible), it's really kind of a wash. Mathematically, you would be ahead to pay off the loan, but it's not going to be a big swinger. How secure is your job, ...
by benevo
Sun Oct 01, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Take out of emergency savings to pay off auto loan?
Replies: 7
Views: 625

Take out of emergency savings to pay off auto loan?

Good evening, Boglehead'ers! I have an emergency savings account - with a goal of ultimately holding 6 months, I currently have 3 months of savings. I'm considering taking about 40% out to pay off my auto loan. Here are some thoughts/notes. - My emergency savings is in an American Express High-Yield...
by benevo
Thu Sep 21, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Credit freeze or fraud alert?
Replies: 18
Views: 1339

Credit freeze or fraud alert?

Hi gang! I know there's a couple threads about the Equifax breach. Like many of you, I'm identified as likely impacted when checking the Equifax site. I already belong to AAA's ProtectMyID service, so I don't see a need to signup for Equifax's free year of identity theft protection. I also have Disc...
by benevo
Fri Aug 04, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Escrow surplus - toward escrow or principal?
Replies: 13
Views: 1178

Re: Escrow surplus - toward escrow or principal?

A PS -

The appraisal is done through a company our mortgage lender picks/uses. What's stopping them from being in favor of the mortgage company (Citi) and appraising lower?

And, will an appraisal affect taxes?
by benevo
Fri Aug 04, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Escrow surplus - toward escrow or principal?
Replies: 13
Views: 1178

Re: Escrow surplus - toward escrow or principal?

I would do it, PMI is money down the drain. And get rid of the escrow account as well. Yes, it's 'convenient' to just have one bill and that's usually how we all start out. However it's also nice to have your money sitting in your account waiting for that tax bill! I'll never get an escrow account ...
by benevo
Fri Aug 04, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Pay loan early at this point?
Replies: 10
Views: 867

Re: Pay loan early at this point?

How stable is your job? I hate debt of any kind so I would pay off the car especially when it makes you feel you made a mistake. I like the math above but I enjoy the momentum and the feeling better. Meanwhile, always save for your car purchases and pay cash for them. You don't have to take a loan ...
by benevo
Fri Aug 04, 2017 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Escrow surplus - toward escrow or principal?
Replies: 13
Views: 1178

Re: Escrow surplus - toward escrow or principal?

A quick update: I had our realtor look up comps in the area, and she found recent sales. Our house: purchased for $329,000 (as a very nicely renovated foreclosure) Comps, all in the same school district/county: - same bedrom #, +1 bathroom, same sq footage, 30 years older, less modern/updated: $345,...
by benevo
Thu Aug 03, 2017 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pay loan early at this point?
Replies: 10
Views: 867

Re: Pay loan early at this point?

OP, What is your marginal tax rate? If it is 25% and you pay the 5K towards the loan, you are paying 25% tax in order to save 1.9% interest. You could contribute that 5K towards your Trad. 401K and save 25% tax. KlangFool Just shy of 25 but anticipate being over the line in a year or so - but, your...
by benevo
Thu Aug 03, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Pay loan early at this point?
Replies: 10
Views: 867

Pay loan early at this point?

One of the dumb mistakes I made when I was younger was purchasing a new car with a 5-year loan. It was an average car and not an exorbitant cost at all, however the loan was a mistake, I now know having grown up! Either way, live and learn - know not to do that again! The one good thing I did do was...
by benevo
Sun Jul 30, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Escrow surplus - toward escrow or principal?
Replies: 13
Views: 1178

Re: Escrow surplus - toward escrow or principal?

Putting the surplus toward principal is just another way of making advance payments on your mortgage. Getting the escrow refunded to you and making that an extra principal payment would do the same thing, but you could also get the escrow refunded to you and do something else with it (say, contribu...
by benevo
Sat Jul 29, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Escrow surplus - toward escrow or principal?
Replies: 13
Views: 1178

Re: Escrow surplus - toward escrow or principal?

mortfree wrote:Don't escrow at all

DYI
I believe it's a requirement with Citi, but I might be completely wrong - I'll have to check!

May I ask why you recommend so? Easier overall?
by benevo
Sat Jul 29, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Escrow surplus - toward escrow or principal?
Replies: 13
Views: 1178

Escrow surplus - toward escrow or principal?

Good evening all - happy Saturday! :sharebeer We received our annual escrow analysis statement in the mail, and it appears there is an escrow surplus of about $800 - therefore, received a check for this amount. Should I: A. Deposit into escrow B. Deposit into principal While I'd lean towards the lat...
by benevo
Sat Jul 29, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card Companies Do You Like?
Replies: 57
Views: 4713

Re: Which Credit Card Companies Do You Like?

Personally, a huge fan of Capital One. Great points, no annual fee, their VentureOne card is great. All links to CO and CO360 bank accounts, too. What's the advantage over the quicksilver that's 1.5% cash back? It's a "travel card". Some people like that. Yeah - I believe, overall, they're relative...
by benevo
Sat Jul 29, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card Companies Do You Like?
Replies: 57
Views: 4713

Re: Which Credit Card Companies Do You Like?

Personally, a huge fan of Capital One. Great points, no annual fee, their VentureOne card is great. All links to CO and CO360 bank accounts, too. What's the advantage over the quicksilver that's 1.5% cash back? It's a "travel card". Some people like that. Yeah - I believe, overall, they're relative...
by benevo
Fri Jul 28, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: My life so far, my student loan refinancing, and my next steps
Replies: 8
Views: 1017

Re: My life so far, my student loan refinancing, and my next steps

Great list of goals for next decade. But, it is tooeasy to get off track if you are not more focused. Since you have refinanced your student loans, you have eliminated some of the flexibility of deferrals, forgiveness, or just a change in payments. Therefore, I would student loans up on the list. M...
by benevo
Fri Jul 28, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card Companies Do You Like?
Replies: 57
Views: 4713

Re: Which Credit Card Companies Do You Like?

Personally, a huge fan of Capital One. Great points, no annual fee, their VentureOne card is great. All links to CO and CO360 bank accounts, too.
by benevo
Fri Jul 28, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: My life so far, my student loan refinancing, and my next steps
Replies: 8
Views: 1017

Re: My life so far, my student loan refinancing, and my next steps

Yes, I should have mentioned that PMI is on our top priority and putting more towards mortgage to pay it off, etc. Thanks!
by benevo
Fri Jul 28, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Should I Quit my 6-figure job?
Replies: 84
Views: 9624

Re: Should I Quit my 6-figure job?

sunny_socal wrote:and I get along with my colleagues. (You'll eventually find out that the bolded part plays a huge part in job satisfaction :wink: )
So true!
by benevo
Fri Jul 28, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: My life so far, my student loan refinancing, and my next steps
Replies: 8
Views: 1017

My life so far, my student loan refinancing, and my next steps

Hi all, I thought it'd be worthwhile - if for no one else, than for myself! - to kind of write a status update/blog about "my life." I say that in quotes, because I admit I've got a long ways to go still in my life! - I'm 29 years old. But, I think I've grown tremendously over the past few years by ...
by benevo
Wed Jul 26, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 9228

Re: Investing Education and Mansplaining

(Can I ask whose idea the timing and the investing videos are--yours or your daughter's? That may factor into the reception as well.) I agree with this - her reception sounds more like, "Dad, I'm not interested in this" more than "this is a man telling me what to do." Just the way I read it, at lea...
by benevo
Tue Jul 25, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Order of Operations (Retirement, Loans, Emergency Fund)
Replies: 25
Views: 1751

Re: Order of Operations (Retirement, Loans, Emergency Fund)

bigred77 wrote:I definitely undervalued liquidity in my 20s. I was lucky and never had a set back but I realize I was taking a calculated risk. I am comfortable with debt as a tool but I realize it needs to be used prudently. YMMV
+everything!
by benevo
Tue Jul 25, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Order of Operations (Retirement, Loans, Emergency Fund)
Replies: 25
Views: 1751

Re: Order of Operations (Retirement, Loans, Emergency Fund)

I've read the Bogleheads wiki page on Prioritizing Investments https://www.bogleheads.org/wiki/Prioritizing_investments and feel like it doesn't tackle enough questions of how to prioritize an emergency fund vs. retirement vs loans. I would like to know either "this is what I would do" or "this is ...
by benevo
Fri Jul 21, 2017 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Saving for college for a family member
Replies: 10
Views: 677

Re: Saving for college for a family member

If you put the money into a 529, you put after-tax dollars into the account, just like you would savings account. But you'd never pay taxes on the money again as long as it's used for somebody's college. So no, there are no negatives for taxes unless the money is used for non-college purposes. Than...
by benevo
Fri Jul 21, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Saving for college for a family member
Replies: 10
Views: 677

Re: Saving for college for a family member

I would tend to put the money into a taxable account. Today, FAFSA doesn't look at non-parent owned 529's, but my son's private college application does. Perhaps have your spouse listed as beneficiary until your niece is actually in college and you're ready to take the money out to pay for her bill...
by benevo
Fri Jul 21, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Saving for college for a family member
Replies: 10
Views: 677

Re: Saving for college for a family member

miamivice wrote:5. No negatives on your taxes today.
Thanks for the well-detailed reply! No real negatives in the future either?
by benevo
Fri Jul 21, 2017 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Saving for college for a family member
Replies: 10
Views: 677

Saving for college for a family member

Good morning and happy Friday, bogleheads! My brother and sister-in-law had a baby in November, and I want to put a little bit of money towards her future college savings. I have a few questions and apologize for the naiveté! 1. I was leaning towards setting up a 529 - would this be the best option?...