Search found 349 matches

by cashmoney
Sat May 23, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 68
Views: 4105

Re: Turning 65, Medicaire questions

From what I’ve read high deductible plan G is the way to go. Medicare Advantage is a high commission plan pushed by brokers but not advantageous to the client. Is that true? Some agents sell both MA and Med supplement but many will only sell Medicare Supplement because there are no marketing restri...
by cashmoney
Sat May 23, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 68
Views: 4105

Re: Turning 65, Medicaire questions

I didn't read through all the previous posts so apologize if this has already been discussed; I asked several of the top Medicare supplement providers in my area why I should choose them versus someone else. Didn't get any good answers. They said they all have the same coverage. Brokers just recomm...
by cashmoney
Sat May 23, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 68
Views: 4105

Re: Turning 65, Medicaire questions

I didn't read through all the previous posts so apologize if this has already been discussed; I asked several of the top Medicare supplement providers in my area why I should choose them versus someone else. Didn't get any good answers. They said they all have the same coverage. Brokers just recomm...
by cashmoney
Sat May 23, 2020 12:07 pm
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 65
Views: 6139

Re: Hertz is declaring bankruptcy

That is interesting. I once bought a Camry from the Hertz used rental car lot and I had a good experience with it. Since then I periodically check their inventory and prices out of curiosity and would sometimes see good deals that would look tempting, In the last few months they have had lots of in...
by cashmoney
Thu May 21, 2020 11:59 am
Forum: Personal Investments
Topic: Should I pull my CDs out?
Replies: 26
Views: 2705

Re: Should I pull my CDs out?

I am not sure what to do. I would highly appreciate some ideas from you guys. Situation 1. I have $300K in CDs currently earning 2.3-2.5% and maturing in 2 years. There's an early-withdrawal penalty of 6-month's interest. 2. I applied for and was approved for a $300K mortgage to purchase a property...
by cashmoney
Mon May 18, 2020 3:13 pm
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 77
Views: 3862

Re: What kind of sunglasses?

Ray-Ban is likely a solid choice. https://www.ray-ban.com/usa/sunglasses/view-all/plp I disagree. You are buying a brand, not a quality product. Check out then polarized sunglasses from Costco, Kirkland Signature. $30 and are very good for the price. I am a huge fan of Maui Jim. They are out of you...
by cashmoney
Mon Apr 27, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Bank bonus $450
Replies: 11
Views: 2281

Re: Capital One Bank bonus $450

This is a new offer for existing customers only. I got the email today too. Here's a snippet from the body of the email: In this time of uncertainty, one thing is for sure—your money is in a safe place in your 360 Performance Savings account with FDIC insurance. And right now, we want to help you s...
by cashmoney
Thu Apr 23, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 615
Views: 31932

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Anybody know if this means I will get funded for the PPP loan.I was able create an account at the SBA Etran website using my Etran # and it shows the loan amount and says "Active Un-Disbursed " with a 4/14/20 originated date.I hear from some internet strangers I am good as long as I have the Etran n...
by cashmoney
Wed Apr 22, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: PPP for Sole Proprietor question (accounting question)
Replies: 4
Views: 422

Re: PPP for Sole Proprietor question (accounting question)

I have applied for the PPP as an independent contractor, and sole proprietor. The bank expects it to be approved tomorrow afternoon and ready for signature Friday. The bank surprised me by asking if I wanted it submitted under my Soc Sec #, or under my business tax ID. I am guessing it would be bes...
by cashmoney
Mon Apr 20, 2020 12:53 pm
Forum: Personal Investments
Topic: Safe to have ~$1mil in savings account?
Replies: 27
Views: 2615

Re: Safe to have ~$1mil in savings account?

A couple CD's matured and my spouse and I have around $1mil in our American express online savings account. This is well over the $500k FDIC insured limit. Our plan is to keep it here for a few months then put half in the market. It is presently earning 1.6% .. Is this a big risk or insignificant? ...
by cashmoney
Mon Apr 20, 2020 11:24 am
Forum: Personal Investments
Topic: best broad market ETF under $25
Replies: 20
Views: 834

Re: best broad market ETF under $25

Try holding up 1 $10 bill and 10 $1 bill and ask him to explain why the first pile is more expensive then the second. This type of investor will probably say "yeah, but if one share goes up by $1 then one hand will be worth $11 and the other $20." If they don't grasp the idea of percentage change a...
by cashmoney
Sun Apr 19, 2020 2:00 pm
Forum: Personal Investments
Topic: Vanguard S&P 500 index fund (VOO)
Replies: 9
Views: 553

Re: Vanguard S&P 500 index fund (VOO)

Hi, I want to invest in the Vanguard S&P 500 index fund in my Roth IRA account. Is there any difference in terms of fees/returns when investing in that fund through a Vanguard Roth IRA account or a Fidelity Roth IRA account? I checked the websites and they both show a expense ratio of 0.03% for VOO...
by cashmoney
Wed Apr 15, 2020 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 615
Views: 31932

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

SBA released new regs on schedule C/K1 income. https://home.treasury.gov/system/files/136/Interim-Final-Rule-Additional-Eligibility-Criteria-and-Requirements-for-Certain-Pledges-of-Loans.pdf They are limiting forgiveness to 8 weeks of 2019 net income, despite the fact that the law says the 1-year p...
by cashmoney
Sat Apr 11, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Banks that allow PPP Loans without Existing Customer Relationship?
Replies: 8
Views: 367

Re: Banks that allow PPP Loans without Existing Customer Relationship?

I already tried to apply through Wells Fargo for a small business PPP loan, but am in a waiting queue that I fear will last indefinitely. I recently received a response from Wells Fargo that I can apply elsewhere to increase my odds. The problem is, my business doesn’t have a relationship with any ...
by cashmoney
Fri Apr 10, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Sole proprieter PPP loan
Replies: 27
Views: 1916

Re: Sole proprieter PPP loan

Do some research on kabbage - they recently pulled all their Lines with no notice for their clients. I realize they probably had to - but make sure you know what you are getting into. Another one I have heard of is Fountainhead. I have no direct experience with them - but one of the local CUs is fu...
by cashmoney
Tue Apr 07, 2020 12:35 pm
Forum: Personal Consumer Issues
Topic: No sports but cable bills unchanged
Replies: 86
Views: 6128

Re: No sports but cable bills unchanged

We cut the cable 3+ years ago because we didn’t want to pay for things we never watched: - Sports - Al Jazeera - Oxygen, HSN, Lifetime - Cartoons - Bad streaming music - Fake News - VH1/MTV - “Reality” shows - Mexican language programming that we can’t understand - ...and many others Instead, like ...
by cashmoney
Fri Apr 03, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 615
Views: 31932

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

As the law is written, it gives 15 days from the day it was signed into law, before which the various components needs to be in place. After that, the $10k advance needs to be distributed within 3 days from receiving the application - However, If your credit score falls below threshold it may take ...
by cashmoney
Thu Apr 02, 2020 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 615
Views: 31932

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I called in and was told 3 days after they process the application(not approve)..but that could take a week or so That entirely defeats the purpose of having a 3 day or any length time frame. :oops: As the law is written, it gives 15 days from the day it was signed into law, before which the variou...
by cashmoney
Tue Mar 31, 2020 10:11 pm
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 137
Views: 14327

Re: Marcus or Ally

I've used both. Both have well-designed websites. Have more experience with Ally, including phone customer service, which is very good. They even have a handy estimate of hold times on the app and website. My more limited experience with Marcus has also been excellent. I really don't see much to di...
by cashmoney
Mon Mar 30, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 615
Views: 31932

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Can a self-employed, "one man shop" (so no other employees but himself, being a W2 employee) apply for the loan to pay himself his lost wages and rent, utilities and then have that all forgiven? If yes, does he simply go to his bank where his business account is to apply? Basically the answer is YE...
by cashmoney
Sat Mar 28, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 12676

Re: How are you going to use your stimulus money?

Just going to grow our emergency fund. If this thing lasts much longer than another 3-4 weeks the layoffs are going to start impacting office jobs. I’ve already been asked to take 4 days PTO over the next 2 weeks. Half of my stimulus check will be spent on gambling,alcohol and wild woman and the ot...
by cashmoney
Wed Mar 25, 2020 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: CV-19 Stimulus Bill Relief Pkg USA
Replies: 9
Views: 1523

Re: CV-19 Stimulus Bill Relief Pkg USA

Hello Quick question regarding CV-19 Stimulus Pkg: Will the $1,200 per individual be going to the people who lost their jobs or wages “only” or will that allotted amount also be going to retirees living on and collecting SS? Thank you! Yes it will be according to this https://www.finance.senate.gov...
by cashmoney
Fri Mar 20, 2020 8:25 am
Forum: Personal Investments
Topic: Saw my financial advisor...
Replies: 19
Views: 1907

Re: Saw my financial advisor...

I don't have one but I have noticed more commercials on TV for financial advisors recently.I guess financial crisis are good customer recruitment times for FA.
by cashmoney
Mon Mar 16, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why does solo 401k plan let you contribute much more than regular 401k plans?
Replies: 9
Views: 335

Re: Why does solo 401k plan lets you contribute much more than regular 401k plans?

They probably can put in a lot more, they choose not to. In 2020 the combined employer/employee limit is $57,000 (or 100% of employee compensation, whichever is lower). Minus the employee limit of $19,500, they could put up to $37,500 per employee. I guess is this fair or right? If people working f...
by cashmoney
Tue Mar 10, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: I have a SEP IRA and did back door Roth....
Replies: 15
Views: 816

Re: I have a SEP IRA and did back door Roth....

This post goes over how to calculate the pro rata. https://cjwealth.com/calculating-pro-rata-rule/ Thanks for that .Looks like I will owe taxes on about 32k plus interest I would think for past years.I am going to look in to converting to a solo 401k for 2019 and 2020 tax year.I read its possible b...
by cashmoney
Tue Mar 10, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: I have a SEP IRA and did back door Roth....
Replies: 15
Views: 816

Re: I have a SEP IRA and did back door Roth....

I have a SEP IRA and did back door roth conversions which I now understand is not allowed. It's allowed, but not optimal since you have to pro-rate the conversion with the contents of the SEP IRA. I did maximum contributions to traditional IRA in 2016-2020 and then back door conversion to a roth fo...
by cashmoney
Tue Mar 10, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: I have a SEP IRA and did back door Roth....
Replies: 15
Views: 816

I have a SEP IRA and did back door Roth....

I have a SEP IRA and did back door roth conversions which I now understand is not allowed.I did maximum contributions to traditional IRA in 2016-2020 and then back door conversion to a roth for each year except for the 2020 contribution which is still in the traditional account.All of this is at Ame...
by cashmoney
Mon Mar 09, 2020 5:41 pm
Forum: Personal Investments
Topic: Ok, I'll ask it... temporarily getting out of the market with a small % of portfolio?
Replies: 52
Views: 3084

Re: Ok, I'll ask it... temporarily getting out of the market with a small % of portfolio?

I'll be the Ahole everyone hates and ask the question. I have to know for my family and I. I'm sitting on a good amount of investments, I'm very heavy stocks which is ok for my portfolio. Would I be completely in the wrong for say.. selling 10% of my VTI shares with the intention of re-buying in a ...
by cashmoney
Tue Feb 25, 2020 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: logistics of buying house with "cash"
Replies: 20
Views: 2598

Re: logistics of buying house with "cash"

I have always had a mortgage when buying a house. If I sell my non-tax-deferred mutual funds and place the proceeds in an online savings account such as Marcus, how do I actual pay at closing? Do I do a wire transfer? . FYI Marcus does free wire transfers but will not do wire transfer period to an ...
by cashmoney
Tue Feb 18, 2020 11:23 pm
Forum: Investing - Theory, News & General
Topic: Think Bed Bath & Beyond is at bottom? Any chances thriving?
Replies: 61
Views: 3927

Re: Think Bed Bath & Beyond is at bottom? Any chances thriving?

https://finance.yahoo.com/news/new-bed-bath-beyond-ceo-we-are-hungry-for-change-232843073.html It seems like its price is near its initial IPO times? Seems their really struggling competing against Amazon like all retail stores. Only thing I can think works to their benefit are the items exclusivel...
by cashmoney
Sat Feb 15, 2020 1:20 pm
Forum: Personal Consumer Issues
Topic: Best car tires to buy and best place to buy them?
Replies: 17
Views: 1585

Re: Best car tires to buy and best place to buy them?

Discount Tire recently opened locations in my area, and I literally bought a set from them today for the first time. They had a terrific deal going and undercut everyone else by $150 out the door on a specific set of tires I was looking for. They even told me I could start bringing my wife's car in...
by cashmoney
Fri Feb 14, 2020 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare enrollment question
Replies: 2
Views: 376

Re: Medicare enrollment question

Am 67 and currently employed, but leaving the company at the end of February. While I have Part A already, I have not signed up for the rest of Medicare. With that said, while my employment officially ends in two weeks, I will continue to have company insurance (not COBRA) until August 1 2020, whic...
by cashmoney
Tue Feb 11, 2020 8:02 pm
Forum: Personal Investments
Topic: Explain to me why dividends aren't real money
Replies: 81
Views: 8219

Re: Explain to me why dividends aren't real money

They are real money, but so are capital gains. Both are part of total return. Capital gains are advantageous because you can choose when to realize them and pay tax, whereas you are forced to pay tax on dividends as they are paid. IMO the fact that you don't have to choose or make a decision on whe...
by cashmoney
Mon Jan 27, 2020 8:00 pm
Forum: Personal Consumer Issues
Topic: Tipping advice
Replies: 40
Views: 3387

Re: Tipping advice

WildCat48 wrote:
Mon Jan 27, 2020 5:53 pm
I honestly just tip everyone, everywhere, I even attempted to tip my doctor once and he declined.


HaHa reminds of this https://www.youtube.com/watch?v=L_RyHZ1OzXk
by cashmoney
Mon Oct 07, 2019 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: More Nasty and Unexpected Changes With Part D Plans Next Year
Replies: 49
Views: 6333

Re: More Nasty and Unexpected Changes With Part D Plans Next Year

Wouldn’t this be a small issue compared to whether or not a pricey medication is covered? Yes. And it still makes me angry that you are required to commit for a whole year, but they are only required to stick to the formulary for 60 days. In short, you are buying a pig in a poke. You do not know wh...
by cashmoney
Mon Oct 07, 2019 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Company insurance "agent" earning 5% commission
Replies: 9
Views: 1479

Re: Company insurance "agent" earning 5% commission

Good afternoon BH, My company recently switched our health insurance carrier from UHC to BCBS. One of the documents that BCBS sent over was an "Agent Acknowledgement" form. This form shows that our company agent is earning a 5% commission percentage that is included in our insurance rates. We have ...
by cashmoney
Sun Oct 06, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: More Nasty and Unexpected Changes With Part D Plans Next Year
Replies: 49
Views: 6333

Re: More Nasty and Unexpected Changes With Part D Plans Next Year

Usually it's the " value " plan in a carriers part D lineup that will have the leaner pharmacy network.This is nothing new. Yeah, get that, but no, that's not the issue. Maybe I didn't explain it adequately. The network of individual pharmacies the Plan has picked can vary greatly. What I am saying...
by cashmoney
Sat Oct 05, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: More Nasty and Unexpected Changes With Part D Plans Next Year
Replies: 49
Views: 6333

Re: More Nasty and Unexpected Changes With Part D Plans Next Year

Here's a new wrinkle I just discovered with researching Medicare Part D plans for next year. Besides disappearing zero-deductible features, higher premiums, formulary changes, et al, the shifty insurers are now fiddling with the pharmacy network status (preferred and standard) Here's what I just co...
by cashmoney
Tue Oct 01, 2019 7:48 am
Forum: Personal Consumer Issues
Topic: 1950's blonde mahogany furniture
Replies: 16
Views: 1797

Re: 1950's blonde mahogany furniture

found this when i searched "blonde mahogany" :shock: https://www.1stdibs.com/furniture/storage-case-pieces/commodes-chests-of-drawers/gorgeous-rway-six-drawer-chest-blonde-mahogany-birds-eye-maple/id-f_843725/ Take the 1stdib price and divide by 10 for a somewhat realistic sales price by average pe...
by cashmoney
Tue Sep 17, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Change the start date of Medicare Part B enrollment?
Replies: 8
Views: 680

Re: Change the start date of Medicare Part B enrollment?

Basically you would be terminating/canceling your part B then when you are ready to enroll use form https://www.cms.gov/Medicare/CMS-Forms/CMS-Forms/Downloads/CMS-L564E.pdf to get a special enrollment in to part B that coordinates with the end of your EGHP coverage.You can apply 3 months out with a...
by cashmoney
Tue Sep 17, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Change the start date of Medicare Part B enrollment?
Replies: 8
Views: 680

Re: Change the start date of Medicare Part B enrollment?

Employer insurance will last longer than expected, is there a way to delay/change the start date of Part B when it has not been active yet? Don't see this discussed anywhere. Basically you would be terminating/canceling your part B then when you are ready to enroll use form https://www.cms.gov/Medi...
by cashmoney
Sun Sep 15, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: Senior fell in major store
Replies: 25
Views: 3305

Re: Senior fell in major store

Sept 15 I fell inside a nationwide store about 24 hours ago, doing bodily damage. I did report it, but I also hope rest will take care of injured parts, said that at least twice. No medical assistance was called, but I was unable to continue shopping. They helped get a couple of things for me. I ca...
by cashmoney
Sat Sep 14, 2019 12:03 pm
Forum: Personal Consumer Issues
Topic: What dish soap do you use?
Replies: 54
Views: 3487

Re: What dish soap do you use?

When I was growing up, I'd help my mom with the dishes. With 1-2 drops of Palmolive, soap suds galore and we were good for 15-20 mins of scrubbing. I know a few years back there was some chemical change, but I'm very disappointed with how dish soap works nowadays. I use a small pump at home and pum...
by cashmoney
Tue Sep 10, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Banks requiring fingerprint on a check for non-customers to receive cash
Replies: 87
Views: 6383

Re: Banks requiring fingerprint on a check for non-customers to receive cash

Went in to BoA to cash a check written out in my name – the check was drawn on BoA. I am not a BoA customer. After providing several forms of ID, was requested to put (in ink) a fingerprint on the check, before they would cash it out. I was blown away by this request, said no thank you and drove to...
by cashmoney
Thu Aug 29, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4724

Re: Medicare Part D Plan - Input Needed

I don't need an advisor to buy Vanguard funds and I don't need a broker to buy insurance. You don't seem to get the point that these are not equivalent. Home, auto, disability and term life insurance agents do not change the premiums you pay for policies. You don't know what you don't know. A good ...
by cashmoney
Wed Aug 28, 2019 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4724

Re: Medicare Part D Plan - Input Needed

I don't fully understand it all. :oops: Insurance companies are like financial "advisors", they don't want you to understand. Just trust them. :wink: The insurance companies don't make the rules about how part D plans are structured - CMS does. If you enroll in part D plan via an agent they most ce...
by cashmoney
Tue Aug 27, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4724

Re: Medicare Part D Plan - Input Needed

Our part D plan is with Aetna. We have had other part D plans in the past. Frankly we have found no significant correlation between our experience with customer service & the star ratings reported by Medicare. When we pick a plan, we go to the plan's web site and see how our meds are covered. Then ...
by cashmoney
Tue Aug 27, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4724

Re: Medicare Part D Plan - Input Needed

Thank you all for your advice. However, I am still looking for input on quality of service from Part D providers. I am currently seeing 6 different doctors (7 starting next week). When my primary doctor prescribes 1 med, it seems whatever side effect the drug has (dizziness, rash, loss of appetite)...
by cashmoney
Mon Aug 26, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4724

Re: Medicare Part D Plan - Input Needed

What is difficult for the OP is that he is being prescribed several new (to him) drugs each year as well as drugs that have been recently released, if I am understanding correctly. I don't see any way to compensate for the recently released drugs since the insurance carriers hadn't known about them...
by cashmoney
Mon Aug 26, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4724

Re: Medicare Part D Plan - Input Needed

We have entered my meds into the Medicare Part D pricing tool. For the past couple of years, I have dealt with major health issues. We can deal with the drug costs as long as we know what to expect. What stresses us out is dealing with difficult or unresponsive insurance companies. For us, the phar...