Search found 295 matches

by SchruteB&B
Thu Jul 02, 2020 7:08 am
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 36
Views: 2465

Re: Elementary school in Fall - choose Virtual or In-person

The American Academy of Pediatrics strongly recommends in person school and cites “ "mounting evidence" that transmission of the coronavirus by young children is uncommon, partly because they are less likely to contract it in the first place.“ https://www.npr.org/sections/coronavirus-live-updates/2...
by SchruteB&B
Wed Jul 01, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: What are you paying for umbrella insurance?
Replies: 23
Views: 1057

Re: What are you paying for umbrella insurance?

I said this on the last thread I saw about umbrella insurance pricing: whether you have teenage/young adult drivers will be a HUGE factor in pricing. The last thread was filled with posters with no kids or younger kids posting about their cheap umbrella insurance. I have a teen and young adult drive...
by SchruteB&B
Wed Jul 01, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Using 529 to buy laptop for college for graduated HS senior
Replies: 8
Views: 559

Re: Using 529 to buy laptop for college for graduated HS senior

cshell2 wrote:
Wed Jul 01, 2020 10:42 am
As long as it's a qualified expense what difference would it make? Just keep your receipt.
Yes, just do whatever is easiest and most efficient for you.
by SchruteB&B
Wed Jul 01, 2020 10:44 am
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 36
Views: 2465

Re: Elementary school in Fall - choose Virtual or In-person

The American Academy of Pediatrics strongly recommends in person school and cites “ "mounting evidence" that transmission of the coronavirus by young children is uncommon, partly because they are less likely to contract it in the first place.“ https://www.npr.org/sections/coronavirus-live-updates/20...
by SchruteB&B
Mon Jun 29, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Need Help - College Funding Plan
Replies: 2
Views: 255

Re: Need Help - College Funding Plan

AOTC only available below certain income level, so step 1 is to insure you actually can take it.
by SchruteB&B
Sun Jun 28, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: What would happen to bond funds if Fed didn't intervene in March
Replies: 15
Views: 964

Re: What would happen to bond funds if Fed didn't intervene in March

FrugalInvestor wrote:
Sun Jun 28, 2020 2:26 pm
Seasonal wrote:
Sun Jun 28, 2020 2:04 pm
How is any of this actionable?
Based on what is learned the OP (or others) may choose to stay the course with their asset allocation or change course....or use some alternative to bonds (cash, CDs, etc.) to stabilize their portfolio. Seems like a legitimate discussion to me.
I agree.
by SchruteB&B
Fri Jun 26, 2020 4:59 pm
Forum: Investing - Theory, News & General
Topic: First 3 years of SS earning missing: Possible to retroactively backpay FICA taxes?
Replies: 12
Views: 704

Re: First 3 years of SS earning missing: Possible to retroactively backpay FICA taxes?

You want to try to learn about “bend points” in Social Security. Here is an excellent article on it: https://thefinancebuff.com/early-retirement-social-security-benefits.html Once you reach the second bend point, there is less impact on additional years making much difference in your ultimate Social...
by SchruteB&B
Fri Jun 26, 2020 10:29 am
Forum: Personal Investments
Topic: Help with College Funds advice from a FA
Replies: 35
Views: 1310

Re: Help with College Funds advice from a FA

The funds are not in a 529 plan. I have begun reading on 529's but am a bit lost on them. The two big advantages to a 529 are 1)money grows tax free if used for qualified expenses—this is maybe not a big deal for you as you already have the amount you need saved and 2) state tax deductions. Depends...
by SchruteB&B
Fri Jun 26, 2020 8:50 am
Forum: Personal Investments
Topic: Help with College Funds advice from a FA
Replies: 35
Views: 1310

Re: Help with College Funds advice from a FA

1789 wrote:
Fri Jun 26, 2020 8:47 am
Don't worry. Just pick an aggressive or moderate age based plan for your 529 account at Vanguard.
I’m curious why you recommend aggressive? OP says he has enough to fund his kids’ college. Why would he need to be aggressive at this point?
by SchruteB&B
Thu Jun 18, 2020 7:37 pm
Forum: Investing - Theory, News & General
Topic: "Is this time different?"
Replies: 77
Views: 5591

Re: "Is this time different?"

Normchad wrote:
Thu Jun 18, 2020 5:20 pm
this is the first pandemic we’ve had in over 100 years.

It’s not. Asian flu 1957 killed 116,000 Americans and Hong Kong flu 1968 killed approx 100,000 Americans according to the CDC.
by SchruteB&B
Mon Jun 15, 2020 7:58 am
Forum: Investing - Theory, News & General
Topic: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.
Replies: 81
Views: 8113

Re: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.

calvin+hobbes wrote:
Mon Jun 15, 2020 7:44 am
Didn’t Vanguard put out a report that their investors overwhelmingly kept their equities intact? I’m know some people wishfully believe in the behavioral superiority of VG investors, but something doesn’t add up.
They did:

https://personal.vanguard.com/pdf/coron ... tility.pdf
by SchruteB&B
Mon Jun 15, 2020 7:38 am
Forum: Investing - Theory, News & General
Topic: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.
Replies: 81
Views: 8113

Re: WSJ: 1/3rd of investors over 65 sold ALL their equities between Feb 20-May 15th.

The article is less than clear about what this data really is, but I suspect it only represents sales of individual stocks Yes I dislike articles like this where they try to make a big grand generalization without backing it up. I really wish they were precise about what information they gathered.
by SchruteB&B
Fri May 22, 2020 3:12 pm
Forum: Personal Consumer Issues
Topic: Better to rent through Airbnb or VRBO?
Replies: 10
Views: 955

Re: Better to rent through Airbnb or VRBO?

Ive used both and been happy with both. I will say that I had 3 reservations on AirBnB in April that we’re canceled and they were excellent about cancelling and returning my deposits This is what I heard about AirBnB. I will consider renting from them in the future. I will never, ever rent from VRB...
by SchruteB&B
Sat May 16, 2020 9:04 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10657

Re: Please tell me I'm not crazy

Now, if one cashes everything out and socks it in one's Bank Of America savings account earning .0000000000003% interest, and if her worst case scenario manifests, it wouldn't be safe at all, despite promises of federal insurance--it will all be gone, as even the too-big-too-fail banks fail. I thin...
by SchruteB&B
Sat May 16, 2020 5:31 am
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 87
Views: 6529

Re: How to get disinfecting wipes..seriously

Our local Target only has senior hour two times a week. I go at opening on a non-senior day and walk as fast as I can back to the wipes aisle.
by SchruteB&B
Fri May 15, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12225

Re: Selling home - low ball negotiation

I'd counter 10k above asking price. They mocked you and they should know. Mocked? I don’t see that at all. This strategy is very common where I live. You list, they offer 90-92%ish, you negotiate and it usually winds up somewhere around 95% of ask. Some people read it is 10% of list price (10k for ...
by SchruteB&B
Fri May 15, 2020 7:53 am
Forum: Personal Finance (Not Investing)
Topic: 529 vs reducing FAFSA assets
Replies: 15
Views: 972

Re: 529 vs reducing FAFSA assets

I haven't seen this exact question posted yet so here goes. My wife and I are able to put a large amount of money away each year into pre-tax and roth 401ks. (I have a plan with mega back door roth so can save ~35k per year in roth alone plus traditional pre-tax). Our first child will attend colleg...
by SchruteB&B
Fri May 15, 2020 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12225

Re: Selling home - low ball negotiation

Momus wrote:
Fri May 15, 2020 12:41 am
I'd counter 10k above asking price. They mocked you and they should know.
Mocked? I don’t see that at all. This strategy is very common where I live. You list, they offer 90-92%ish, you negotiate and it usually winds up somewhere around 95% of ask.
by SchruteB&B
Thu May 07, 2020 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 108
Views: 13102

Re: Capital One 360 Savings Promo

Before you set up this account get your money organized. The Cap 1 money eligible for the bonus must arrive in the account within 10 days of opening. You can only set up 1 external bank account at a time, and each one will take several days to get the test deposits and verify. In other words, you s...
by SchruteB&B
Thu May 07, 2020 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Savings Promo
Replies: 108
Views: 13102

Re: Capital One 360 Savings Promo

I have a GM card called "Buy Power Card" that has the CapitalOne logo on it. (I believe they just administer it??) Don't know if this makes me an official CapitalOne member or not?? :shock: Based on what I snipped from their website above, it says nothing about being disqualified for having a CO cr...
by SchruteB&B
Wed Apr 29, 2020 9:38 am
Forum: Investing - Theory, News & General
Topic: Which Bonds when the S&P 500 Tanks
Replies: 82
Views: 6238

Re: Which Bonds when the S&P 500 Tanks

willthrill81 wrote:
Mon Apr 27, 2020 7:21 pm

I don't understand the fascination among many BHs with TBM. I guess they just like funds with the word "total" in them.
I think many people have their fixed income in a workplace 401k etc. They don’t have limitless choices of funds. TBM is a widespread, and usually cheap ER choice.
by SchruteB&B
Tue Apr 28, 2020 9:58 am
Forum: Investing - Theory, News & General
Topic: Did we just go in and out of a recession?
Replies: 25
Views: 3256

Re: Did we just go in and out of a recession?

manatee2005 wrote:
Sun Apr 26, 2020 10:24 pm
tvubpwcisla wrote:
Sun Apr 26, 2020 8:03 pm
I have a couple questions.

1. Did we go into a recession from COVID-19?
2. Are we now out of the recession?

Is so, wow, that was fast.

:shock:
By recession do you mean bear market instead?
That’s my guess for what the OP meant as well.
by SchruteB&B
Thu Apr 23, 2020 4:20 pm
Forum: Personal Investments
Topic: 529 AA 2-3 years from college
Replies: 12
Views: 606

Re: 529 AA 2-3 years from college

I became very conservative with my kids’ 529s once we reached our funding goal a few years ago. I keep around 15% in equities and the rest is in money markets, stable value funds and CDs (1 currently in college, the other will begin 2021)
by SchruteB&B
Thu Apr 23, 2020 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Best Covid19 resistant job
Replies: 154
Views: 9749

Re: Best Covid19 resistant job

I've noticed a ton of people saying government in general. Do you all think those jobs will be safe? I'm not talking the personalities mentioned above, but more so reg government workers. In my city they have already announced massive cuts to city jobs, because of the loss of tax revenue. It depend...
by SchruteB&B
Wed Apr 22, 2020 11:18 am
Forum: Personal Consumer Issues
Topic: Apple Released a New Low-cost Iphone
Replies: 172
Views: 14456

Re: Apple Released a New Low-cost Iphone

Ordered mine 20 minutes after they allowed purchases - due to come in on Friday 24! It's replacing my SE1. Curious if yours has shipped yet? I ordered mine right away on the 17th and although it says arriving April 24 it also still says “preparing to ship.” Yeah UPS tracking says In Transit to be d...
by SchruteB&B
Wed Apr 22, 2020 11:11 am
Forum: Personal Consumer Issues
Topic: Apple Released a New Low-cost Iphone
Replies: 172
Views: 14456

Re: Apple Released a New Low-cost Iphone

azanon wrote:
Wed Apr 22, 2020 10:25 am
Ordered mine 20 minutes after they allowed purchases - due to come in on Friday 24! It's replacing my SE1.
Curious if yours has shipped yet? I ordered mine right away on the 17th and although it says arriving April 24 it also still says “preparing to ship.”
by SchruteB&B
Thu Apr 16, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13954

Re: How many paid for kids' college?

We recently tried to get our oldest a student credit card with a low limit ($500). She was denied 2 times. Finally got one with a $300 limit. Call me shocked! As a student I didn't have time to apply for a credit card...they found me where ever I was and ended up in my purse while I was at the depa...
by SchruteB&B
Thu Apr 16, 2020 8:07 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55949

Re: How to get Toilet Paper ? seriously.

TP is not the first thing to get at the stores. Now it is the Clorox sanitary wipes. I was third in line to get into Wegman's today that opened at 7:00 AM. I was there at 6:10 AM. Everyone raced to the cleaning isle and it was a mob scene getting the wipes. I had to scream "Six feet! Six feet!!!" t...
by SchruteB&B
Wed Apr 15, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55949

Re: How to get Toilet Paper ? seriously.

TP is not the first thing to get at the stores. Now it is the Clorox sanitary wipes. I was third in line to get into Wegman's today that opened at 7:00 AM. I was there at 6:10 AM. Everyone raced to the cleaning isle and it was a mob scene getting the wipes. I had to scream "Six feet! Six feet!!!" t...
by SchruteB&B
Wed Apr 15, 2020 5:21 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 355
Views: 28136

Re: Report when you receive your stimulus check here

POA on my mother’s account and it is showing pending this morning.
by SchruteB&B
Tue Apr 14, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13954

Re: How many paid for kids' college?

I wonder how those parents who had planned to cash flow their student's college expenses are faring today, or probably a better question would be how will they fare when things return to normal and their students are attending college. Not to mention the universities as well. This virus will change...
by SchruteB&B
Tue Apr 14, 2020 10:27 am
Forum: Personal Consumer Issues
Topic: Florida HOA complaining of Weeds in Lawn
Replies: 101
Views: 8776

Re: Florida HOA complaining of Weeds in Lawn

There are HOAs that seem to be filled with busybody know it alls, but my mother lives in Florida and spends a lot of time and effort to make her lawn look nice, but it is an uphill battle as her next door neighbor makes zero effort and his weeds are constantly encroaching on her yard. She bought in ...
by SchruteB&B
Mon Apr 13, 2020 6:10 pm
Forum: Personal Consumer Issues
Topic: Is my hair dresser getting paid?
Replies: 13
Views: 1686

Re: Is my hair dresser getting paid?

I'm usually good for 50 bucks a month including tip to my hair dresser. I haven't had a chance to understand all the stimulus / unemployment insurance issues that have come up given Covid-19 because I've been in my own bubble of chaos. Before I give her a few hundred to prepay haircuts for the rest...
by SchruteB&B
Sat Apr 11, 2020 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus and College Student children - don't claim them as dependant?
Replies: 13
Views: 860

Re: Stimulus and College Student children - don't claim them as dependant?

I have understood the question is whether they CAN be claimed as a dependent, not whether they actually are or not. Most of the tax guidance I have seen online (so take it for what it is worth!) seems to suggest if they are college students and parents are paying at least half their support they do ...
by SchruteB&B
Sat Apr 11, 2020 10:46 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - "What If I've Over Estimated My Tolerance For Risk?"
Replies: 44
Views: 5636

Re: Larry Swedroe - "What If I've Over Estimated My Tolerance For Risk?"

vipertom1970 wrote:
Tue Mar 31, 2020 2:49 pm
learn to be 100% in stock when you have less then will be easier to be 100% when you have large portfolio. I am 100% stock with 2 years in CD last 25 years and have not lost $1 yet.
How are you 100% stock if you are holding 2 years cash?
by SchruteB&B
Fri Apr 10, 2020 11:17 am
Forum: Personal Investments
Topic: The Coming Baby Boom?
Replies: 48
Views: 2069

Re: Will there be a baby boom in 8 to 10 months?

As for prediction, was there a growth in children that could have been conceived late 2008 early 2009? And how is the psychology of the back-to economy compared to then? There was a pretty marked decline in the birth rate after 2008-09. https://www.fatherly.com/love-money/the-great-recession-tanked...
by SchruteB&B
Thu Apr 09, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Auto insurance companies issuing refunds due to coronavirus]
Replies: 101
Views: 6776

Re: [Auto insurance companies issuing refunds due to coronavirus]

Erie said in an email they would adjust rates at renewal pending regulatory approval. So if I didn’t renew with them in a few months when my policy is up, I guess I get nada. :annoyed
by SchruteB&B
Tue Apr 07, 2020 10:47 am
Forum: Personal Consumer Issues
Topic: Instacart delivery slots?
Replies: 40
Views: 2791

Re: Instacart delivery slots?

DW asked the delivery person how far out were the deliveries, he said same day in our area. Not sure I believe that, based on comments we have had from others trying to use Instacart. Broken Man 1999 It is very location dependent. Some areas are very hard to book. I have been able to get same day e...
by SchruteB&B
Mon Apr 06, 2020 1:13 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55949

Re: How to get Toilet Paper ? seriously.

mptfan wrote:
Sun Apr 05, 2020 8:35 pm
Does anyone have updated reports of toilet paper becoming more readily available in your area? The toilet paper shelves are all empty here, at least in the afternoons, I don't get up early to go hunting.
In my area, it is get there first thing or it seems to be sold out within an hour or two.
by SchruteB&B
Sun Apr 05, 2020 11:59 am
Forum: Personal Investments
Topic: Deadline for 2019 solo 401k and 529 contributions
Replies: 3
Views: 240

Re: Deadline for 2019 solo 401k and 529 contributions

Most states have a Dec 31 deadline for 529 contributions—according to savingforcollege.com only 6 states have an April deadline. https://www.savingforcollege.com/article/states-where-you-can-can-claim-a-prior-year-529-plan-tax-deduction My state is a Dec 31 and they have not communicated any change ...
by SchruteB&B
Sat Apr 04, 2020 12:39 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 329
Views: 24455

Re: Are you still going to the grocery store or using a delivery service? Which?

Some of your replies are making me really appreciate my grocery store. I go right away when it opens on the non-senior shopping days and everything is well stocked and there are very few other shoppers. I am easily able to maintain social distancing. Today I was able to place an Instacart order for ...
by SchruteB&B
Sat Apr 04, 2020 10:49 am
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9654

Re: Why Do So Many Recommend 70% - 100% Stocks?

You can’t possibly know this. I think you mean you personally know people who have done this. Otherwise, cite you source that a Significant portion of Millennials have sold. Correct, people I know personally . A lot of Millennials (that I know personally) have freaked out. Perhaps you need a calmer...
by SchruteB&B
Sat Apr 04, 2020 10:00 am
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9654

Re: Why Do So Many Recommend 70% - 100% Stocks?

Why Do I Get Angry? In terms of why do I get a little angry? Well, case in point, let's take the current COVID 19 market crash. There's a significant amount of people my age range who have sold their stocks and are sitting in cash right now. They completely freaked out, panicked, got out, and never...
by SchruteB&B
Tue Mar 24, 2020 1:08 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55949

Re: How to get Toilet Paper ? seriously.

Just checked paper products at grocery store. They actually have some ! It hasn’t been there Since it first ran out almost 1.5 weeks ago. I hadn’t seen toilet paper at stores in 2 weeks. Went to grocery store first thing yesterday am when they opened and they had several big packages and several sm...
by SchruteB&B
Wed Mar 11, 2020 11:24 am
Forum: Personal Consumer Issues
Topic: Coronavirus Movie Suggestions
Replies: 104
Views: 7060

Re: Coronavirus Movie Suggestions

The Painted Veil. 2006. Cholera outbreak in 1920s China. A bacteriologist played by Edward Norton punishes his philandering wife played by Naomi Watts by volunteering to go right into the heart of it. Beautiful scenery, lovely soundtrack.
by SchruteB&B
Wed Mar 11, 2020 10:46 am
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 509
Views: 44748

Re: The Calm Post - Stay the course thread.

My son just managed to save up his Roth contribution for 2019, which we the parents will match. So into the Target Date 2060 it goes this week! Very easy to be calm about money not needed until my teen is a senior citizen! :happy
by SchruteB&B
Mon Mar 09, 2020 5:39 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 509
Views: 44748

Re: The Calm Post - Stay the course thread.

Elric wrote:
Mon Mar 09, 2020 2:16 pm
Best tweet I saw today: "Your 401(k) right now is like your face. Don't touch it." (Ryan Teague Beckwith)
I like it.

I appreciate this thread. It’s practically the only thing I’m looking at online at this point.
by SchruteB&B
Sat Mar 07, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Time pay for college with my 529 and ESA
Replies: 9
Views: 373

Re: Time pay for college with my 529 and ESA

I understand that the funds must be for "qualified expenses" (https://www.irs.gov/credits-deductions/individuals/qualified-ed-expenses) which appears to be largely tuition and books and not room and board. Room and Board is a qualified expense for a 529. Thanks. The qualified expenses description e...
by SchruteB&B
Sat Mar 07, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Time pay for college with my 529 and ESA
Replies: 9
Views: 373

Re: Time pay for college with my 529 and ESA

RobG wrote:
Sat Mar 07, 2020 11:25 am
I understand that the funds must be for "qualified expenses" (https://www.irs.gov/credits-deductions/ ... d-expenses) which appears to be largely tuition and books and not room and board.
Room and Board is a qualified expense for a 529.