Search found 38 matches

by erictiger
Mon Jun 17, 2019 2:09 pm
Forum: Personal Investments
Topic: opening Fidelity account, asking for employment info??
Replies: 9
Views: 874

Re: opening Fidelity account, asking for employment info??

My son just opened a Roth IRA at Vanguard last week and was asked the same employment question.
by erictiger
Sun Jun 16, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Freezing Credit issues
Replies: 8
Views: 828

Re: Freezing Credit issues

My son is 18 and he just opened a Roth IRA at Vanguard last week. The identity confirmation questions were all related to me, not my son.
by erictiger
Tue Jun 11, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: College Credits to stay on Parents Health Insurance
Replies: 17
Views: 1393

Re: College Credits to stay on Parents Health Insurance

Thanks for this information. I also just realized I can not use my HSA money to pay her medical expenses even though my child is on my Insurance plan.

Where is the best place for my child to open her HSA?
by erictiger
Fri Jun 07, 2019 9:22 pm
Forum: Personal Consumer Issues
Topic: money for going paperless
Replies: 9
Views: 1018

Re: money for going paperless

Verizon is the worst. To get $5 off per line, you have to use checking account for paperless auto pay. No discount for credit card auto pay.
by erictiger
Tue Jun 04, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 482
Views: 52174

Re: What is/ was your career and would you recommend it now?

Biostatistician!

Definitely recommend for this career due to good pay, stable employment (with current megacorp for 20 plus years), and flexible hours (work at home if needed).
by erictiger
Wed May 29, 2019 7:42 pm
Forum: Personal Consumer Issues
Topic: Hyundai Sonata for college.
Replies: 31
Views: 2060

Re: Hyundai Sonata for college.

The mail issue is many of the friends will drive that car too. My daughter had her car after freshman year when she moved to off campus housing. Her car was used by at least 30 plus people during the last three years of the college. Luckily no one caused any accident. Otherwise we would be responsib...
by erictiger
Tue May 07, 2019 1:25 pm
Forum: Personal Investments
Topic: Bond/equity balances in taxable/tax-advantaged accounts for tax purposes
Replies: 7
Views: 688

Re: Bond/equity balances in taxable/tax-advantaged accounts for tax purposes

If there is no index bond fund in 401K, is it a good idea to have Tax-Exempt Intermediate-Term bond fund in taxable account for a person with 32% federal tax rate?
by erictiger
Thu May 02, 2019 6:46 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1797
Views: 286093

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I tried to transfer one Vanguard index fund (VTSAX) from Merrill Edge to E*Trade for the bonus. But E*Trade told me since I cannot buy/sell VTSAX at E*Trade, they cannot accept this fund for transfer. Anyone had same experience? I had no problem when transferring the fund from Vanguard to ME.
by erictiger
Mon Apr 08, 2019 10:18 pm
Forum: Personal Consumer Issues
Topic: Medical Insurance when moving to another state
Replies: 13
Views: 737

Re: Medical Insurance when moving to another state

If you have BSBC PPO or higher deductible, you should be able to find in-network doctors in new state. My daughter has been on my policy for last several years when she was in Ann Arbor for school and Columbus for work. She has no difficulty finding in-network doctors.
by erictiger
Tue Apr 02, 2019 10:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard randomly not reinvesting dividends
Replies: 37
Views: 4391

Re: Vanguard randomly not reinvesting dividends

I have never really paid attention to the dividends. I reinvest for some funds but not all. Will Vanguard eventually fix the issue or only fix this if we ask?
by erictiger
Fri Mar 29, 2019 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question—College Age Daughter
Replies: 8
Views: 626

Re: Tax Question—College Age Daughter

If Ohio withheld her tax, then she needs to file Ohio tax return to get the money back.
by erictiger
Wed Mar 27, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Help! At Fault’s Insurance Company Refusing to Pay Diminished Value
Replies: 63
Views: 5999

Re: Help! At Fault’s Insurance Company Refusing to Pay Diminished Value

Please keep us informed. I have similar issue with State Farm regarding this and was thinking to file small claim too. My 2018 Highlander was hit by a driver insured by State Farm. They paid $13000 to fix the car but denied my claim regarding diminishing value. They did not say they would not pay di...
by erictiger
Fri Mar 22, 2019 11:51 am
Forum: Personal Investments
Topic: How to pay the IRS now
Replies: 16
Views: 1196

Re: How to pay the IRS now

I use BOA travel reward visa with 2.65% reward.
by erictiger
Thu Mar 21, 2019 3:32 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 107
Views: 12717

Re: Moving from Vanguard to Merrill Edge

Just make sure the cost basis is still correct when you move back to Vanguard.
I have average cost at Vanguard but when I moved some shares to ME, they used FIFO. I was planning to move back to Vanguard but was afraid that they will mess up my cost basis as I since added more money at Vanguard.
by erictiger
Mon Mar 18, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: College cost trends - 2018 report
Replies: 116
Views: 3524

Re: College cost trends - 2018 report

We pay 36000/yr at UIUC School of Engineering with zero aid. Is that tuition + room and board? I guess in 10-15 years that number could be much higher, so 200K for 4 years may be not be a crazy number... Yes, 36K includes room and board, plus surcharge for engineering major. We pay in-state tuition.
by erictiger
Mon Mar 18, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: College cost trends - 2018 report
Replies: 116
Views: 3524

Re: College cost trends - 2018 report

We pay 36000/yr at UIUC School of Engineering with zero aid.
by erictiger
Sat Mar 16, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Amica hiked my insurance, thoughts on alternatives?
Replies: 48
Views: 3954

Re: Amica hiked my insurance, thoughts on alternatives?

I switched to Amica (auto, home and umbrella) in January from AAA. The quotes I got from Geico, Erie or AAA are higher than Amica. I am in Chicago suburb.
by erictiger
Sat Mar 09, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 House property tax and utilities nearly the same -- any insight?
Replies: 5
Views: 442

Re: 2018 House property tax and utilities nearly the same -- any insight?

We live in northern Illinois and paid 24000 property tax and approximately 5000 utilities last year.
by erictiger
Mon Feb 18, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Bonuses w/ Debit Card Activity as Requirement = No 1099-INT
Replies: 12
Views: 1113

Re: Bank Bonuses w/ Debit Card Activity as Requirement = No 1099-INT

My son got the 1099 from Schwab but it doesn’t include the $100 signing bonus. However Chase sent him the 1099 including the 100 bonus which required ATM card activity.
by erictiger
Sat Feb 16, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Filing taxes as custodian for UTMA account
Replies: 11
Views: 535

Re: Filing taxes as custodian for UTMA account

My 18-year old son had $1007 interest and dividends in 2018. If he does not need to file his own tax return, do I need to add his interest/dividends to my tax return as I claim him as dependent? 2018 was the first year that he had bank account and Vanguard Brokerage account.
by erictiger
Tue Feb 12, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting your investment. Home owners insurance question
Replies: 19
Views: 1451

Re: Protecting your investment. Home owners insurance question

I had a brick house sold for 700K one month ago. American Family had replacement cost for 1.5 million couple years ago. I later switched to AAA which has replacement cost for 1.1 million. So selling price and replacement cost are totally different. The property value assessed by county was 750K.
by erictiger
Wed Jan 30, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 form for Schwab bonus
Replies: 3
Views: 295

Re: 1099 form for Schwab bonus

OP here. He received the 1099 form which only shows the $7 interest but not the $100 bonus.
by erictiger
Wed Jan 30, 2019 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 form for Schwab bonus
Replies: 3
Views: 295

1099 form for Schwab bonus

My son opened a Schwab checking account and got $100 bonus. However, the 1099 form we just received does not include the $100. Is this correct? He also opened a checking account with Chase and its 1099 form has the $100 as interest income.
by erictiger
Tue Jan 29, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Any recourse when HR department keeps screwing up?
Replies: 69
Views: 3675

Re: Any recourse when HR department keeps screwing up?

Does the $2000 include the employer contribution? My mega corp put the employer portion of HSA contribution on the first payment check, in my case $1000.
by erictiger
Mon Jan 21, 2019 6:39 pm
Forum: Personal Consumer Issues
Topic: Have you searched for your unclaimed property?
Replies: 52
Views: 4221

Re: Have you searched for your unclaimed property?

I searched couple months ago and state of Illinois has my $37 unclaimed money. I filled out all the necessary information online but was told that I also need to print out the form and mail it back with my ssn. I decided not worth all the risk for the $37.
by erictiger
Thu Dec 27, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Ticket for speeding
Replies: 66
Views: 5629

Re: Ticket for speeding

My daughter got a speeding ticket in Ohio last year when she was intern there. She hired a traffic lawyer for $110. She didn’t even go to the court. The lawyer appeared in court for her. After taking online class, the violation was not reported to insurance company, no point in her record either.
by erictiger
Fri Dec 07, 2018 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 22897

Re: What are your property taxes?

Northern Illinois, we pay 22K for a 4700 sf house assessed at 760K, approximately 2.8%.
by erictiger
Sat Dec 01, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Chase credit card - manage two accounts with one login?
Replies: 10
Views: 683

Re: Chase credit card - manage two accounts with one login?

At Citi, authorized user can login the account. My daughter is an authorized user and would like to track her expenses. When she first set up the login, I need to get her an authorization code.
by erictiger
Tue Nov 13, 2018 9:56 pm
Forum: Personal Investments
Topic: Mutual Fund cost basis
Replies: 4
Views: 401

Re: Mutual Fund cost basis

I have not made any purchase. Seems like they used FIFO. Before transfer, the cost unit is $32. Now ME has $26 and Vanguard has $45. I have sent emails to both ME and Vanguard.
by erictiger
Tue Nov 13, 2018 8:24 pm
Forum: Personal Investments
Topic: Mutual Fund cost basis
Replies: 4
Views: 401

Mutual Fund cost basis

I use average cost as cost basis at Vanguard. Recently I transferred couple thousand of VTSAX to Merrill Edge. I just noticed that the cost unit at ME is so much lower comparing to the remaining shares of VTSAX at Vanguard. Since I use average cost, should these two cost units be same?

Thanks!
by erictiger
Sat Jun 30, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Adding a trust to your homeowner's policy
Replies: 56
Views: 4872

Re: Adding a trust to your homeowner's policy

Went to AAA local office this morning to add trust as additional interest on my home policy. It was no charge. However, I was told that the trust cannot be added to umbrella policy. The agent said if someone hurt in my home, he/she will sue me, not the trust. Not sure this explanation is correct. Wi...
by erictiger
Sat Mar 17, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect Box 5 on 1098-T
Replies: 6
Views: 1119

Re: Incorrect Box 5 on 1098-T

Thank you All for the information. We do have the billing statements showing both tuition provided by athletic department ($27K) and tuition actually charged by school ($7K). In fact, currently there are $20K credit on my daughter's account. But I don't think we will actually get the $20K. It will b...
by erictiger
Sat Mar 17, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Incorrect Box 5 on 1098-T
Replies: 6
Views: 1119

Re: Incorrect Box 5 on 1098-T

Thank you Andy. Here is the information on 1098-T: Box 6. Shows adjustments to scholarships or grants for a prior year. This amount may affect the amount of any allowable tuition and fees deduction or education credit that you claimed for the prior year. You may have to file an amended income tax re...
by erictiger
Fri Mar 16, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect Box 5 on 1098-T
Replies: 6
Views: 1119

Incorrect Box 5 on 1098-T

First time poster here. Tried to help daughter to file tax return and realized that the amount in 1098-T Box 5 was not correct. She has a full ride volleyball scholarship which covers 27K tuition + 8k room/board per semester. However, she only took one class on her last semester, instead of the usua...
by erictiger
Sat Nov 25, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 11655

Re: Regrets for taking SS at 62 or waiting?

Mlm, you are correct that I don't have 35 years of earnings.

Thanks,

Eric
by erictiger
Sat Nov 25, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 11655

Re: Regrets for taking SS at 62 or waiting?

I just checked my SS benefit and here are the numbers:
At full retirement age (67): $2,681 a month
At age 70: $3,482 a month
At early retirement age (62): $1,739 a month

1739/2681=64.86%. Why I have 35% reduction at age 62, instead of 30% reduction.

Eric
by erictiger
Sun May 14, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: Disappointed with the Vanguard experience so far
Replies: 11
Views: 3734

Re: Disappointed with the Vanguard experience so far

I had similar issue last month when I tried to open a custodial account for my son. I got the same message when I submitted the application. However, three days later when I signed in to my account, my son's custodial account was already there, and I have never mailed the paper form.