Search found 19 matches

by geospatial
Fri Sep 22, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 68
Views: 25957

Re: Is a security freeze at Innovis really needed?

If, however, I wanted to take advantage of a higher rate sooner and do an early withdrawal to open up new CD accounts at the higher rate, then I think I would have to request a temporary lift of the freeze. So, to express it in simpler terms, buying a new CD would not be possible if one has a credi...
by geospatial
Wed Sep 20, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 68
Views: 25957

Re: Is a security freeze at Innovis really needed?

I've sent a new message to the bank asking for more explicit clarification in that kind of scenario, and also asked if they can identify which specific credit reporting entities are utilized. Stay tuned...
by geospatial
Wed Sep 20, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 68
Views: 25957

Re: Is a security freeze at Innovis really needed?

As many others have done, I requested freezes at Equifax, Experian, TransUnion, and Innovis. But before doing the same with ChexSystems, I wanted to submit a question to one of my online banking accounts first. I believe many bogleheads have taken advantage of the 11-month no-early-withdrawal-penalt...
by geospatial
Mon Sep 18, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 60
Views: 9407

Re: Fidelity 2% CC or Citi double cash card?

Just wanted to share a recent experience. I wanted to get a better rewards credit card before putting a freeze on all my scores, and after performing due diligence, decided on the Citi Double Cash. I was a little concerned that in this post-Equifax breach world they might be unrealistically cautious...
by geospatial
Fri Sep 01, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Citi DoubleCash vs. Paypal (Synchrony)
Replies: 10
Views: 920

Re: Citi DoubleCash vs. Paypal (Synchrony)

Thanks for the feedback. I think I'm gonna go with the DoubleCash card. My own experiences with PayPal have been less than stellar and I think the extra perks from Citi provide the extra value needed to make it a fairly convincing winner.
by geospatial
Thu Aug 31, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Citi DoubleCash vs. Paypal (Synchrony)
Replies: 10
Views: 920

Citi DoubleCash vs. Paypal (Synchrony)

I've been remiss on incorporating a better C.C. rewards program into my personal financial upgrade mission, but doing so now. My interest is in getting a 2% cash back card (I don't think I travel enough to justify any miles programs) with no annual fee, and the lesser hoops to jump through the bette...
by geospatial
Tue Aug 01, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: does solar increase the value of a house
Replies: 61
Views: 5596

Re: does solar increase the value of a house

Something else to consider is the advent of solar shingles...

https://www.tesla.com/solarroof

If these garner mass interest and adoption, existing solar panels might be considered somewhat passe and outdated in a few years.
by geospatial
Tue Jul 18, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: anybody dabble in venture capital?
Replies: 24
Views: 2060

Re: anybody dabble in venture capital?

Not really "VC" advice per se, but have you considered poking around kickstarter for something that looks interesting to you, and then following up with the entity sponsoring it to see if they'd take on a private investor? This might be more in line with the amount of :moneybag you have to play with...
by geospatial
Mon Jul 17, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Are stock market returns doomed by the Baby Boomers?
Replies: 27
Views: 3196

Re: Are stock market returns doomed by the Baby Boomers?

One popular idea is that we're globalized now and we will be saved by young overseas workers buying U.S. stocks to finance their retirement... It makes sense. We don't live in a bubble where only US citizens purchase stocks of US companies. http://www.businessinsider.com/who-actually-owns-the-stock...
by geospatial
Fri Jul 07, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 457 vs. Roth IRA
Replies: 16
Views: 840

Re: Roth 457 vs. Roth IRA

For Roth IRA, contributions come out first. So you have a wide range of amounts that you can take out tax free before you have to worry about non-qualified distributions. However, a pre-59.5 Roth 457(b) withdrawal behaves like a withdrawal from a post-59.5 nondeductible trad IRA. You have a basis, ...
by geospatial
Fri Jul 07, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 457 vs. Roth IRA
Replies: 16
Views: 840

Re: Roth 457 vs. Roth IRA

House Blend already pointed out the biggest gotcha of Roth 457(b) plans. I'm going to focus instead on this part. These are pretty great investment fund options. Even with the admin fee, you're talking 0.02% for the S&P 500 fund, 0.04% for the small cap fund, and 0.10% for the international fund. T...
by geospatial
Fri Jul 07, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 457 vs. Roth IRA
Replies: 16
Views: 840

Re: Roth 457 vs. Roth IRA

Also, if there are other differences I'm unaware of, please share. Thank you. One quirk of gov't 457(b) plans is that distributions from a Roth 457(b) before age 59.5 are *not* qualified, and therefore gains are taxable. See https://www.irs.gov/retirement-plans/retirement-plans-faqs-on-designated-r...
by geospatial
Fri Jul 07, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Roth 457 vs. Roth IRA
Replies: 16
Views: 840

Re: Roth 457 vs. Roth IRA

If you have a 457 plan I am guessing that you are a government employee and you may also have a pension. One thing to think about with the 457 plan is that you can access it without penalty after your employment terminates for any reason. So if you're thinking about early retirement the 457 will be...
by geospatial
Fri Jul 07, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Roth 457 vs. Roth IRA
Replies: 16
Views: 840

Roth 457 vs. Roth IRA

I've been doing some preliminary research comparing Roth 457 plans vs. Roth IRAs. A couple of years ago my employer's deferred compensation plan began offering a Roth 457 and I'm trying to figure out if I should take advantage of that or find a different institution to start the IRA with. As far as ...
by geospatial
Mon Jul 03, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA recommendations
Replies: 3
Views: 406

Roth IRA recommendations

Hello all, I've started researching financial institutions that offer a Roth IRA. It seems like many of the people here are Vanguard enthusiasts, but I'm wondering if there are also any competitors that people are familiar with or recommend as well. Is there a centralized resource here that compares...
by geospatial
Mon Jul 03, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Traditional 401(k) vs Roth 401(k)
Replies: 5
Views: 490

Re: Traditional 401(k) vs Roth 401(k)

I'm in the opposite boat that OP is in. I've been contributing only pre-tax money to my voluntary retirement account under the expectation that my income will be around the same in retirement if all goes well. But I'm considering Roth IRAs now not because my expectations are necessarily different, b...
by geospatial
Mon Jul 03, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating uncertain pension amount into net worth calculation
Replies: 35
Views: 2510

Re: Incorporating uncertain pension amount into net worth calculation

Lots of responses and good information... thank you for that. For those that agreed with inputting the pension into a net worth exercise, it seems the conservative advice is to treat its value as if I left my job today. I do have the ability to withdraw the balance of my contributions if I want, so ...
by geospatial
Wed Jun 28, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating uncertain pension amount into net worth calculation
Replies: 35
Views: 2510

Re: Incorporating uncertain pension amount into net worth calculation

Re: admiral -- I am fully vested, but due to rules the absolute earliest I could retire is age 48, and that really isn't tenable due to the formula weighting. That's why I wasn't sure how to calculate the pension in NW since quitting "tomorrow" leads to a very different scenario. It sounds like you'...
by geospatial
Wed Jun 28, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating uncertain pension amount into net worth calculation
Replies: 35
Views: 2510

Incorporating uncertain pension amount into net worth calculation

Greetings all. Inaugural post here. Quick background: a couple of years ago I finally garnered an interest in personal finance and investing, though in hindsight probably 20 years too late. Since then I've been working on my financial education. Started by reading a ton of investopedia articles and ...