Search found 457 matches

by RickBoglehead
Tue Aug 21, 2018 5:17 am
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 40
Views: 6083

Re: My son was scammed on Craigslist- how to get money back

You have no legal standing to take any action, only your son does.
by RickBoglehead
Mon Aug 20, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K with Roth IRA contributions
Replies: 4
Views: 225

Re: Solo 401K with Roth IRA contributions

Roth IRA has nothing to do with 401k. Contribute max to her IRA, and contribute to 401k max, or income calculated max, whichever is less.
by RickBoglehead
Sun Aug 19, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Question about HSA from previous employer
Replies: 5
Views: 450

Re: Question about HSA from previous employer

No. You had to contribute while you had the plan. Beware fees after leaving the employer.
by RickBoglehead
Sun Aug 19, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 40
Views: 6083

Re: My son was scammed on Craigslist- how to get money back

Life lesson.

Actually two life lessons. The second one is that he's 26, so he can figure out his options.
by RickBoglehead
Sun Aug 19, 2018 5:07 pm
Forum: Personal Consumer Issues
Topic: Sheraton Kauai timeshare
Replies: 32
Views: 2997

Re: Sheraton Kauai timeshare

After doing a handful of these many years ago, we said never again.
by RickBoglehead
Sun Aug 19, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 24
Views: 1795

Re: Composite Decking Material

If it's anything like the composite boards I regularly see at Lowe's, they cost much more than pressure-treated wood. If your old deck lasted 30 years with pressure-treated wood, why not save some money and use it again? Because it needs no sealing or staining EVER. My 13 year old deck has rotted r...
by RickBoglehead
Sun Aug 19, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 15
Views: 2487

Re: How to Begin with 1M

It's sad that you're hiding money from your advisor in a low interest account. I've read many posts like yours where people say "how do I fire my advisor"? Send an email: Dear Fred: Your services are no longer needed. Please get Schwab to remove your trading authority from my account today. Thanks, ...
by RickBoglehead
Sun Aug 19, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3221

Re: Money Market Funds vs. Online Banks

BogleMelon wrote:
Sun Aug 19, 2018 7:52 am
RickBoglehead wrote:
Sun Aug 19, 2018 6:50 am
Money is accessible via tens of thousands of ATMs worldwide, no fees.
For Ally, it has to be Allpoint ATM, otherwise there are fees
There are 55,000 Allpoint ATMs. And they reimburse$10 per month outside the Allpoint network.
by RickBoglehead
Sun Aug 19, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: 'Online Banking – School Me’ 2
Replies: 27
Views: 2051

Re: 'Online Banking – School Me’ 2

This is a take-off of the post entitled ‘Online Banking – School Me’… I’ve been struggling with this for a long time. How can any of you… transfer 10’s of thousands ($$$) of your hard-earned money to an ‘Online Bank’ (etc. Ally etc)????? To me I am sending big $$$ to an institution I can’t see or v...
by RickBoglehead
Sun Aug 19, 2018 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3221

Re: Money Market Funds vs. Online Banks

Prime Money Market offers check writing, but check must be for $250 or more. Ally has free bill paying, they mail check on their dime. Checking is free and no minimums. Ally Checking can get immediate transfers from Online Savings, but only 6 per month. However, you can have multiple Online Savings ...
by RickBoglehead
Sat Aug 18, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 88
Views: 3973

Re: Your major and investing/finance?

JoeRetire wrote:
Sat Aug 18, 2018 12:25 pm
acegolfer wrote:
Sat Aug 18, 2018 11:35 am
Specifically, is there a theory in your major that is closely related to BH investing?
No.

No theory from a college major is necessary to be good at personal finances.
This ^^^
by RickBoglehead
Sat Aug 18, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 122
Views: 6720

Re: Take auto loan 0.9% if I can afford cash?

Earl Lemongrab wrote:
Sat Aug 18, 2018 7:05 pm
Meaty wrote:
Sat Aug 18, 2018 6:35 pm
If you owned the car debt free today, would you borrow against it and invest?
If I could get 0.9%, sure. That's usually not available on a refi. I took out a home loan on a paid-off house to invest, why would a car be different?
No need to wait for a bill. Call Ford Credit within a few days.
by RickBoglehead
Sat Aug 18, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Online Banking - School Me
Replies: 21
Views: 2046

Re: Online Banking - School Me

I shop bankrate.com when a CD matures to find the best APY. I have CD's with Discover, PenFed, Ally, City Credit Union, Nationwide, and TIAA Bank. Like I said, I go where the best rates I can find are!! My new 60 month CD with Connexus Cr.Un. was an example of my pet peeve; you need to have a certa...
by RickBoglehead
Sat Aug 18, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 67
Views: 5844

Re: Edward Jones rep door knocking

Our development has a no soliciting policy. If EJ showed up, they'd be asked to leave and the Sheriff called.
by RickBoglehead
Sat Aug 18, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Soap for hand washing dishes
Replies: 40
Views: 2021

Re: Soap for hand washing dishes

AAA wrote:
Sat Aug 18, 2018 8:58 am
I finally emailed the soap manufacturer, and they did not recommend using their bar soap to wash dishes.

This ^^^^. Should be end of discussion. Car soap is also not recommended.
by RickBoglehead
Sat Aug 18, 2018 6:22 am
Forum: Personal Finance (Not Investing)
Topic: My Wife is going to do an independent contracting job-401k?
Replies: 10
Views: 619

Re: My Wife is going to do an independent contracting job-401k?

Vanguard allows Pre-Tax and ROTH contributions on the employee side. Fidelity (per the article linked to) does not allow ROTH. Vanguard doesn't have their Admiral Funds though.

I chose Vanguard, no fees for me.

If she is 50 or older, the employee contribution increases from $18,500 to $24,500.
by RickBoglehead
Fri Aug 17, 2018 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Help needed:Correct way for 529
Replies: 7
Views: 763

Re: Help needed:Correct way for 529

A 529 account has an owner and a beneficiary. They can both be you, and then you change the beneficiary later. We had two 529s for our kids. After they completed their college education, we removed them as beneficiaries and put me. We intend these accounts to be for future grandchildren, and will ch...
by RickBoglehead
Thu Aug 16, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 5785

Re: Terminating an employee with company car

Update: I got up early and came to the office at 6:45am. I boxed his personal belongings up. I texted my other employees and told them they could come in a little later. At 8am, he came in and we talked before he had time to go to his desk. It was a short conversation, not hostile. I allowed him to...
by RickBoglehead
Thu Aug 16, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: eBay seller issue
Replies: 13
Views: 1215

Re: eBay seller issue

I have sold $20,000 worth of items over the past few years and they have 2 things in common:

- not on EBay (Craigslist)
- Cash only (or USPS Money Order for shipment)

This is why.
by RickBoglehead
Thu Aug 16, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 122
Views: 6720

Re: Take auto loan 0.9% if I can afford cash?

Sometimes a manufacturer buys down a rate (i.e. 0% for 72 months) by reducing incentives. Ford does this a lot. It usually pays to NOT take the 0% financing, get the normal rate (4.99 or 5.99%), and the rebate they offer. Then, days later, simply refinance for a much lower rate or pay off the loan.
by RickBoglehead
Tue Aug 14, 2018 9:11 pm
Forum: Personal Consumer Issues
Topic: Adult piggy bank
Replies: 54
Views: 4361

Re: Adult piggy bank

Using a credit card for 99.9% of purchases maximizes cashback and minimizes coins. I have maybe $1.50 in change.
by RickBoglehead
Mon Aug 13, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Implications for Beneficiaries
Replies: 3
Views: 306

Re: Tax Implications for Beneficiaries

Simply list all the kids as beneficiaries on each account, which ensures they get an equal share of assets. The fact that Fred might have to pay his state tax on a distribution but Mary may not should not be considered IMO. Make it too complex, Fred moves and changes again have to be made.
by RickBoglehead
Mon Aug 13, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4384

Re: How to have “what if” discussion with retired parents?

My in-laws (i.e. MIL) resisted everything. She did everything financially, FIL never signed a check in his life and did not know how to (no, I am not kidding). When he was working, he brought home paycheck and handed it to his wife. After their third broker put them in front loaded funds, they agree...
by RickBoglehead
Mon Aug 13, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Timing of car purchase during a model year
Replies: 17
Views: 1577

Re: Timing of car purchase during a model year

The best is to sell a used car privately, with the exception that your state MAY give you a full or partial tax break on a trade. Private sales always yield more money. I just sold a 2010 with 73,000 miles, and got $8,500 vs the dealer offered $5,500. Mileage deductions can be determined at KBB or E...
by RickBoglehead
Mon Aug 13, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6974

Re: Private Banking is a trap. Don't do it!

"I am not going to utilize your mutual fund options. Please mark in my file that I should not be contacted about them again." My mother kept saying that the guy at the bank that gave her free faxing had "great investment opportunities". I had the guy's contact info, and sent him an email thanking hi...
by RickBoglehead
Mon Aug 13, 2018 6:51 am
Forum: Personal Consumer Issues
Topic: What's the reason you would buy reading glasses at...
Replies: 42
Views: 2356

Re: What's the reason you would buy reading glasses at...

Many people have distance vision that needs help with prescription lenses. Some have good shorter distance, and only need magnification for closeup work like reading.

Ask your eye doctor, not a forum, if inexpensive reading glasses are right for your vision problem.
by RickBoglehead
Sun Aug 12, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Joint checking accounts.
Replies: 26
Views: 1970

Re: Joint checking accounts.

100% joint for 38 years.
by RickBoglehead
Sat Aug 11, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Advice requested: making a HO claim for a roof/hail
Replies: 21
Views: 999

Re: Advice requested: making a HO claim for a roof/hail

Have an adjuster climb up on your roof and check for damage. If there is damage that warrants replacing the roof, replace it. The reason I haven't done this is because I read that if I initiate a call to my insurance, they inspect, and they find no damage (or if they find minimal damage and we deci...
by RickBoglehead
Sat Aug 11, 2018 7:21 am
Forum: Investing - Help with Personal Investments
Topic: ESOP payout
Replies: 6
Views: 418

Re: ESOP payout

Prime Money Market has a higher yield. With no state tax, there is zero reason to pick Federal Money Market.
by RickBoglehead
Fri Aug 10, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Quit Claim on inherited house?
Replies: 16
Views: 1576

Re: Quit Claim on inherited house?

Seems to me it is not necessary to accept a bequest. So if you don't accept it...then you never owned it...and if you never owned it...it cannot be a gift from you to someone else. This ^^^ However, there are rules that govern this also. If you decline to accept a bequest, the will may specify that...
by RickBoglehead
Fri Aug 10, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 18
Views: 1606

Re: Post Mortem Settlement

Good luck on recovering payment for cemetery plots. My in-law's bought 6 spaces with her sister and husband many years ago. The intent, never documented, was for each to use 3 spaces (pretty funny since SIL had 2 kids and would need 4 spaces, vs. my in-law's needing 3 spaces. SIL, husband and a daug...
by RickBoglehead
Fri Aug 10, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage....risk?
Replies: 14
Views: 1082

Re: Paying off mortgage....risk?

Meteor strike? Nuclear war?

If these potential disasters keep you up at night, perhaps your hat isn't properly adjusted?

Image
by RickBoglehead
Thu Aug 09, 2018 6:59 am
Forum: Personal Consumer Issues
Topic: Moving soon; whom to hire to help me move?
Replies: 27
Views: 2286

Re: Moving soon; whom to hire to help me move?

Regardless of which moving company you select, many use drivers that own their own rigs, and the company provides day labor on each end. We hired a major moving company for a move, owner of rig was ill, his son drove the rig. Day laborers caused damage almost immediately. Default per pound coverage ...
by RickBoglehead
Wed Aug 08, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone taken out an online mortgage?
Replies: 32
Views: 2136

Re: Has anyone taken out an online mortgage?

Quicken is a high pressure sales environment. You can always get a better deal. We did a mortgage with ING Direct 11 years ago (they are no more, Cap One took over and now has sold mortgage). Worked fine except for a mistake that I caught at closing on HELOC rate. Called them, they said they record ...
by RickBoglehead
Wed Aug 08, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Junk Mail
Replies: 28
Views: 2563

Re: Junk Mail

Any identified company that sends mail to your name at your address can be contacted, by you, and you can request removal from their mailing list. If you don't recognize the company, ask them if they rented your name from someone else, and then contact that company and make the removal request. Sign...
by RickBoglehead
Tue Aug 07, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie quick questions about risk
Replies: 13
Views: 715

Re: Newbie quick questions about risk

Thank you for your reality check and prompt response! I have only been on the Boglehead site for a limited time, and although i’ve learned a lot about the fallacy of timing the market strategies, I haven’t seen writings that seemed to address this particular set of circumstances, like The NY Times ...
by RickBoglehead
Tue Aug 07, 2018 1:12 pm
Forum: Personal Consumer Issues
Topic: Auto Insurance for Out of State College Student
Replies: 7
Views: 499

Re: Auto Insurance for Out of State College Student

If you buy and insure the car in California, are you saying that Geico won't insure it if your daughter is in Idaho with it? She is a resident of California, as she is currently receiving 50% or more support from you.
by RickBoglehead
Mon Aug 06, 2018 5:55 am
Forum: Investing - Help with Personal Investments
Topic: Apple Stock
Replies: 13
Views: 1621

Re: Apple Stock

Remove $600. Play with funny money by leaving rest in Apple. In 30 years, either retire on it or say how foolish you were.
by RickBoglehead
Mon Aug 06, 2018 5:48 am
Forum: Investing - Help with Personal Investments
Topic: All cash retirement portfolio
Replies: 14
Views: 2387

Re: All cash retirement portfolio

Would love to hear from the OP why he pays half the mortgage for someone with $2 million in cash.
by RickBoglehead
Sun Aug 05, 2018 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Local Bank IRA
Replies: 10
Views: 531

Re: Local Bank IRA

Why not a CD in a bank vs Vanguard brokered CD?

1) May have auto renew that they miss.

2) Gives the bank a chance to sell them something each renewal time.

3) May dump into a low interest account at maturity.

Vanguard brokered CDs don't auto renew.
by RickBoglehead
Sun Aug 05, 2018 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I start with a chunk of dormant cash?
Replies: 2
Views: 404

Re: Where do I start with a chunk of dormant cash?

Think about how much you'd want for a house deposit. Then invest the rest.
by RickBoglehead
Sat Aug 04, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Costco auto buying service is USELESS!
Replies: 43
Views: 26589

Re: Costco auto buying service is USELESS!

Ford X-Plan is a specified price right on the invoice, $100 max paperwork fee. Anyone can get it, join Experimental Aircraft Association if you have no other option.
by RickBoglehead
Sat Aug 04, 2018 9:56 pm
Forum: Personal Consumer Issues
Topic: Vacation- home precautions?
Replies: 39
Views: 5012

Re: Vacation- home precautions?

If you manually lock your garage door (whether with a side-lock or makeshift lock/bolt) just be sure to remember not to hit the "open" button on your garage door remote when you return. At least until you've unlocked the manual lock. This ^^^. Turning off breaker ensures you won't open it by mistake.
by RickBoglehead
Sat Aug 04, 2018 4:28 pm
Forum: Personal Consumer Issues
Topic: USPS Informed Delivery
Replies: 43
Views: 3045

Re: USPS Informed Delivery

I have read about the USPS Informed Delivery available from the post office on this forum so I decided to sign up. I got to the security questions and answered them truthfully and I was informed the answers were wrong. I have to wait at least 72 hours to try again, otherwise I need to drive to the ...
by RickBoglehead
Sat Aug 04, 2018 3:53 pm
Forum: Personal Consumer Issues
Topic: Vacation- home precautions?
Replies: 39
Views: 5012

Re: Vacation- home precautions?

Simply throw the breaker on the garage doors. The bolt stops someone from manually popping the pullcord release from the outside. Duh...even simpler than unplugging them. Our garage door doesn't have windows. How would someone manually pop the pull cord release from the outside? I am not going to a...