Search found 568 matches

by AlphaLess
Sat Sep 22, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 115
Views: 5992

Re: Physical Banking - Any benefits anymore?

Maybe change the name to 'Brick and Mortar Banking'.

Physical, emotional, psychological ...
by AlphaLess
Sat Sep 22, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: Has anyone gone to a Retirement Wealth Academy seminar?
Replies: 17
Views: 1376

Re: Has anyone gone to a Retirement Wealth Academy seminar?

cheese_breath wrote:
Sat Sep 22, 2018 12:04 pm
1030danielle wrote:
Sat Sep 22, 2018 10:59 am
...they say they are not selling anything, but ....
But lunch costs $250,000
Nah, a measly 1% of that per year. Chump change.
by AlphaLess
Sat Sep 22, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: Has anyone gone to a Retirement Wealth Academy seminar?
Replies: 17
Views: 1376

Re: Has anyone gone to a Retirement Wealth Academy seminar?

bertilak wrote:
Sat Sep 22, 2018 11:24 am
It is a sophisticated sales pitch.
Or more like a con-artistry scam.
by AlphaLess
Sat Sep 22, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: Has anyone gone to a Retirement Wealth Academy seminar?
Replies: 17
Views: 1376

Re: Has anyone gone to a Retirement Wealth Academy seminar?

1030danielle wrote:
Sat Sep 22, 2018 10:59 am
In the FAQ, they say they are not selling anything, but ...
BUT BUT BUT. There is always a but.

You should go to their seminars, and tell them that you have ZERO in assets, but you ASPIRE to have $250K, which you hope they will help you accomplish :P
by AlphaLess
Sat Sep 22, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Another job interview ‘skip the tie’ question
Replies: 29
Views: 1863

Re: Another job interview ‘skip the tie’ question

Oh, boy, here it comes.

Here are (unverified) questions we have heard from our applicants, according to recruiting coordinators:
- can I wear shorts,
- can I wear flip-flops,
- can I wear a bathrobe,
- can I wear a hoodie,
by AlphaLess
Sat Sep 22, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2693

Re: Moving to Dallas, how to establish residency

Just got a position in Dallas, TX with the same company (finally). Currently live in OH. I will be getting an executive apartment for the rest of this year in the Dallas area. Will sell house in Jan and wife will follow. We plan to rent a house in the Dallas area. I would like to establish residenc...
by AlphaLess
Sat Sep 22, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Sharing Health Coverage with a spouse
Replies: 4
Views: 520

Re: Sharing Health Coverage with a spouse

I googled this but was getting bogged down in the results - hoping somewhere here can suss it out. . . . Is anyone here covered under a high-deductible health plan with their employer and maxing their HSA while also being covered under a spouse's PPO or HMO plan (like Kaiser) for actual medical exp...
by AlphaLess
Sat Sep 22, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Sprint to Tello or something else?
Replies: 4
Views: 193

Re: Sprint to Tello or something else?

I recommend T-Mobile 55+ plan. https://www.t-mobile.com/offers/t-mobile-one-unlimited-55 When I got it, it was $60 for 2 lines. Currently, it is $70 for 2 lines (or $35 a line). Need to be 55+ or have a relative who is, and is willing to share the line. Advantages: - unlimited plan, - when traveling...
by AlphaLess
Sat Sep 22, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2693

Re: Moving to Dallas, how to establish residency

Just got a position in Dallas, TX with the same company (finally). Currently live in OH. I will be getting an executive apartment for the rest of this year in the Dallas area. Will sell house in Jan and wife will follow. We plan to rent a house in the Dallas area. I would like to establish residenc...
by AlphaLess
Sat Sep 22, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: True cost of a [dental] implant
Replies: 71
Views: 10844

Re: True cost of a [dental] implant

Reviving an old thread here. My SO received an estimate for 3 implants today for $21,000. This is in the Seattle area with one of the best dental insurances. I find it unbelievable. Could it be just a COL issue? Seems very expensive. My grandma got 4 implants, crowns, and a bridge done, all for und...
by AlphaLess
Sat Sep 22, 2018 8:23 am
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 4973

Re: State Farm nickel-and-diming me

Other people have had loved ones die in car crashes , your relative should look at the big picture. That is what we call hearsay, your honor. No, it is not hearsay, it is a provable fact that folks have had loved ones die in car crashes, me included— although perhaps less relevant to getting repair...
by AlphaLess
Sat Sep 22, 2018 8:23 am
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 54
Views: 7311

Re: Are We Headed For A Passive Index Meltdown?

While you are correct in the function that active traders play in the market, the "when that happens" scenario will never happen. I think you are right, because significant mispricing opportunities would bring back active investors. I just feel that they are being trashed unfairly by some posts her...
by AlphaLess
Sat Sep 22, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 31
Views: 5681

Re: Im going to die somewhere between Bankruptcy and $20 million

bb wrote:
Thu Sep 20, 2018 8:42 pm
But if that happens how exactly do you think you could protect yourself?
Get a ranch somewhere in the midwest.
Buy lots of ammo, canned food, and fuel to run own generator.
by AlphaLess
Sat Sep 22, 2018 12:04 am
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 54
Views: 7311

Re: Are We Headed For A Passive Index Meltdown?

Major market meltdowns are pretty common. I hope to live long enough to see several severe drops. Will the drops be CAUSED by indexing? Of course not. Indexers accept what the prices are. The prices are set by the active management side. The active managers are losing investors as more and more inv...
by AlphaLess
Sat Sep 22, 2018 12:03 am
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 54
Views: 7311

Re: Are We Headed For A Passive Index Meltdown?

destiny wrote:
Thu Sep 20, 2018 8:06 am
Sharing the article I read in Forbes last night

https://www.forbes.com/sites/greatspecu ... 049802413e
I agree. Passive indices are going to melt down the active management scam.
It's already happening.
by AlphaLess
Fri Sep 21, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: CIT vs. ALLY vs. 360
Replies: 14
Views: 1708

Re: CIT vs. ALLY vs. 360

I got a mailing from CapitolOne today offering $500 bonus if deposit $50,000 or more. I have a synchrony high yield savings and I am wondering if worth moving the money. CapitolOne says paying 1.85%, which is the same as Synchrony. By the way, they are paying 2.65% for 13 month CD. I haven’t dealt ...
by AlphaLess
Fri Sep 21, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 78
Views: 6236

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

Klang Fool assumes everybody's future tax rate will be / should be zero. I love that line of thought. I think my tax rate SHOULD be zero at all times: past, present, and the future! Well to be fair he is also assuming that you will be unemployed after 40 so a zero tax rate isn't that much of a stre...
by AlphaLess
Fri Sep 21, 2018 11:46 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 4973

Re: State Farm nickel-and-diming me

Other people have had loved ones die in car crashes , your relative should look at the big picture. That is what we call hearsay, your honor. No, it is not heresay, it is a provable fact that folks have had loved ones die in car crashes, me included— although perhaps less relevant to getting repair...
by AlphaLess
Thu Sep 20, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card spending $20000
Replies: 10
Views: 1727

Re: Credit card spending $20000

I recommend finding the cards with the best sign-up bonuses. The Points Guy has a miles and points valuation (that are a bit high), but still good start. For $20K spend, I would open 4-5 cards, spread over two people, and get the bonuses on all of them. Obligatory caveats about temporarily knocking ...
by AlphaLess
Thu Sep 20, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 274
Views: 25819

Re: U.S. stocks continue to soar!

Well yes, 1982 through 2012 was a bull market in bonds that was huge. As I recall, long treasuries actually had a slightly better performance than the stock market itself over that time period. There was also a tremendous bull market in stocks from 1984-1999. That is one heck of a wind at the back ...
by AlphaLess
Thu Sep 20, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 4973

Re: State Farm nickel-and-diming me

barnaclebob wrote:
Wed Sep 19, 2018 10:04 am
Other people ...
That is what we call hearsay, your honor.
by AlphaLess
Thu Sep 20, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 78
Views: 6236

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

JBTX wrote:
Wed Sep 19, 2018 9:00 pm
Klang Fool assumes everybody's future tax rate will be / should be zero.
I love that line of thought.

I think my tax rate SHOULD be zero at all times: past, present, and the future!
by AlphaLess
Tue Sep 18, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4617

Re: Elderly parents are in debt - Need advice

Regattamom wrote:
Tue Sep 18, 2018 7:58 pm
Just two full siblings who don't like to think or talk about our parents financial predicament. I think I could get my dad to change the beneficiary to one us if he thinks it could help my mother, though.
How would that look in bankruptcy court?
by AlphaLess
Tue Sep 18, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 4973

Re: State Farm nickel-and-diming me

A relative going straight on a county road got hit by incoming car who took a left turn when it was not their right of way. Relative could have died: it was that bad. Opposing insurance started paying for some medical bills, but over time, stopped paying for additional tests. Relatives health insura...
by AlphaLess
Mon Sep 17, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 111
Views: 8068

Re: Delaying Social Security Until 70

If you are single the calculations are simple :all that matters is how long you willlive My father died at 55 my mom at 75.I understood I would have to live till 78 to come out ahead if I waited till 70 so I didn't take it at 62 but took it when I retired. ifI am wrong won't go broke and taking it ...
by AlphaLess
Sun Sep 16, 2018 9:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 33522

Re: Vanguard opens special offices for $1 million clients

I would love to see Vanguard enter banking as was the rumor, articles, and surveys a few years ago. The bank could be very very conservative if they were to offer lending. Perhaps a banking division could offer investment support if needed. What is the advantage of Vanguard offering banking. IT wou...
by AlphaLess
Sun Sep 16, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5097

Re: 38% pay cut for dream job?

I think you’re confusing the State Dept with the CIA. I think you are confusing covert operations with overt operations. So every FSO posted abroad is actually spying for the government? Maybe you’ve read one too many Le Carré novels. Spying is part of it: - facilitate contacts with foreign governm...
by AlphaLess
Sun Sep 16, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 33522

Re: Vanguard opens special offices for $1 million clients

Flagship Customers Only ... Interesting that only 60,000 out of 25 million Vanguard clients are Flagship. Interesting stat. Does anyone know if this number of Flagship clients was accurate (or remains so)? I would not call $1MM upscale. In the wealth management industry, $10MM+ used to be the new n...
by AlphaLess
Sun Sep 16, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 33522

Re: Vanguard opens special offices for $1 million clients

Same poor customer service I'm not picking on Mr. Trap. Frankly, I'd like to thank him for bringing up a theme that is making the rounds. A theme I find to be interesting. Now, what level of service does this forum believe is appropriate for a mutual fund company to provide to it's customers? And, ...
by AlphaLess
Sun Sep 16, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14080

Re: What’s the magic savings rate???

watchnerd wrote:
Sun Sep 16, 2018 1:16 pm
It's usually the big ticket items -- buying too much house, buying pricey cars, big student loans -- that really move the wealth accumulation needle the wrong direction.
Finally we agree on something.
I call that progress :)
by AlphaLess
Sun Sep 16, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 5160

Re: Vanguard Advisor suggesting 7 Bond funds for my 40%

As an additional analysis, I recommend using this page: https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults I recommend creating 3 portfolios: P1. 30% VMLUX, 40% VWIUX, 30% VWLUX, P2: 100% VWIUX, P3: 35% VMLUX, 65% VWLUX. Start date: 1.1.2008, End date: 08.31.2018. No withdrawals ...
by AlphaLess
Sun Sep 16, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 5160

Re: Vanguard Advisor suggesting 7 Bond funds for my 40%

8% Bonds Short Term - VMLUX Limited Tax Exempt (Short term Muni) 6% - VBISX Short Term Bond Index 2% 18% Bonds Intermediate Term - VBILX Intermediate Term Bond Index (Invest grade 5-10 yrs) 10% - VWIUX Intermediate Term Tax Exempt (Fed Tax Ex) 8% 7% Long Term Bonds - VWLUX Long Term Tax Exempt (mun...
by AlphaLess
Sun Sep 16, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 5160

Re: Vanguard Advisor suggesting 7 Bond funds for my 40%

That looks bat s crazy to me. What is Vanguard up to? Seen lots of weird portfolios. Total bond in tax protected. Munis if needed in taxable. With 60% stocks unlikely to need tips. Upvote! Munis vs regular bond discussion is highly sensitive to: - marginal tax bracket, - availability of 401K / pre-...
by AlphaLess
Sun Sep 16, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14080

Re: What’s the magic savings rate???

It's all relative. It those expenses add up to <5% of their income, I wouldn't get all preachy about it. Everything in moderation...including deferred enjoyment. We are entitled to have some fun along the way before we shuffle off this mortal coil, or get too frail to enjoy what life offers. But th...
by AlphaLess
Sun Sep 16, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14080

Re: What’s the magic savings rate???

I worked with a group once that had a habit of morning and afternoon trips to Starbucks, at maybe $4 each trip, and a $10 lunch out. $18 a day times 20 working days a month is $360 a month. And that's not including the cable, iphone, hulu, netflix, fastest internet available, etc., or whatever the ...
by AlphaLess
Sun Sep 16, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1516

Re: delaying claiming SS from age 64 to 70 while not working

Hi all, I'll be retiring this year at age 64, two years before FRA of 66. I have calculated my possible benefits at 64, but can't pin down what they would be if I didn't claim until age 70. I have tried the SSA online benefits calculator, but still don't know something. My question is, will the 8% ...
by AlphaLess
Sun Sep 16, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1516

Re: delaying claiming SS from age 64 to 70 while not working

ByThePond wrote:
Sun Sep 16, 2018 11:45 am
I'll be retiring this year at age 64, two years before FRA of 66. I have calculated my possible benefits at 64, but can't pin down what they would be if I didn't claim until age 70.
Get a https://www.ssa.gov/myaccount/ account, and find out EXACT numbers.
No need to calculate yourself.
by AlphaLess
Sun Sep 16, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1516

Re: delaying claiming SS from age 64 to 70 while not working

Hi all, I'll be retiring this year at age 64, two years before FRA of 66. I have calculated my possible benefits at 64, but can't pin down what they would be if I didn't claim until age 70. I have tried the SSA online benefits calculator, but still don't know something. My question is, will the 8% ...
by AlphaLess
Sun Sep 16, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: delaying claiming SS from age 64 to 70 while not working
Replies: 21
Views: 1516

Re: delaying claiming SS from age 64 to 70 while not working

I think we need more precise terminology:
- stop working,
- claiming social security.

Those two are completely orthogonal (although inter-related).

Too many people think that retirement means:
- stop working,
- immediately claim ss.
by AlphaLess
Sun Sep 16, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14080

Re: What’s the magic savings rate???

That's over $208/month. That's a ridiculously high amount to assume a family is spending on "cable TV and a few lattes." I worked with a group once that had a habit of morning and afternoon trips to Starbucks, at maybe $4 each trip, and a $10 lunch out. $18 a day times 20 working days a month is $3...
by AlphaLess
Sat Sep 15, 2018 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 50
Views: 5210

Re: Vanguard platform

livesoft wrote:
Sun Jun 03, 2018 3:16 pm
Who knows? Maybe they will offer holdouts $100 to switch? :)

Ever been on a plane when they ask for volunteers who will get voucher to be bumped?
I heard they are offering $10K for volunteers to get off the plane these days.
by AlphaLess
Sat Sep 15, 2018 11:13 pm
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 94
Views: 14080

Re: What’s the magic savings rate???

That's over $208/month. That's a ridiculously high amount to assume a family is spending on "cable TV and a few lattes." I worked with a group once that had a habit of morning and afternoon trips to Starbucks, at maybe $4 each trip, and a $10 lunch out. $18 a day times 20 working days a month is $3...
by AlphaLess
Sat Sep 15, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 111
Views: 8068

Re: Delaying Social Security Until 70

drawpoker wrote:
Sat Sep 15, 2018 9:54 pm
What was the wife's age?
4.5 years younger than husband.
by AlphaLess
Sat Sep 15, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 111
Views: 8068

Re: Delaying Social Security Until 70

Social security plays dirty. An elderly couple in my extended family. Husband filed at 66 (good or bad, he did). I told him that his wife qualified for half of his PIA by filing restricted. He did not believe me. So he called SSA. They gave some dumb answer. I asked him to go to the local office. Th...
by AlphaLess
Sat Sep 15, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 111
Views: 8068

Re: Delaying Social Security Until 70

If you are single the calculations are simple :all that matters is how long you willlive My father died at 55 my mom at 75.I understood I would have to live till 78 to come out ahead if I waited till 70 so I didn't take it at 62 but took it when I retired. ifI am wrong won't go broke and taking it ...
by AlphaLess
Sat Sep 15, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 111
Views: 8068

Re: Delaying Social Security Until 70

For married couples, the math can work differently. In our case, my PIA is about 4 times my spouse’s PIA. The optimal strategy is for my spouse to file as early as possible and me to delay to age 70. Upvote! And, depending on your age, when your spouse files, you may be able to file restricted-only...
by AlphaLess
Sat Sep 15, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5097

Re: 38% pay cut for dream job?

Have you considered that part of your job will include espionage, and entail risks? I think you’re confusing the State Dept with the CIA. I think you are confusing covert operations with overt operations. So every FSO posted abroad is actually spying for the government? Maybe you’ve read one too ma...
by AlphaLess
Sat Sep 15, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5097

Re: 38% pay cut for dream job?

HEDGEFUNDIE wrote:
Sat Sep 15, 2018 9:10 pm
AlphaLess wrote:
Sat Sep 15, 2018 9:08 pm
Have you considered that part of your job will include espionage, and entail risks?
I think you’re confusing the State Dept with the CIA.
I think you are confusing covert operations with overt operations.
by AlphaLess
Sat Sep 15, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5097

Re: 38% pay cut for dream job?

Have you considered that part of your job will include espionage, and entail risks?