Search found 172 matches

by SchruteB&B
Wed Nov 06, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Amica - Auto Policy, only 6 months
Replies: 37
Views: 2429

Re: Amica - Auto Policy, only 6 months

Random Poster wrote:
Wed Nov 06, 2019 5:03 pm

That said, I'm not sure who still offers 1-year auto policies anymore.
Erie does, or at least as of July they did.
by SchruteB&B
Wed Nov 06, 2019 6:01 pm
Forum: Personal Consumer Issues
Topic: Maximize 1 Day at Disney
Replies: 48
Views: 2667

Re: Maximize 1 Day at Disney

Get there 1 hour before the park opens. You see more/do more in the first hour as the next 3 hours. This! If you take nothing else away from this thread, take this. Get there before parks open. That first hour is GOLDEN! I would agree Contemporary Hotel for ease of walking in and out of Magic Kingd...
by SchruteB&B
Wed Nov 06, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Want to open a Roth IRA for a teenager...
Replies: 14
Views: 969

Re: Want to open a Roth IRA for a teenager...

C Schwab has the lowest fee for the s &p 500 index and I believe the lowest starting amount of $100 and you can invest additional as low as $1 Plus they are easy online but also have 24/7 service unlike some.others. I believe Schwab doesn’t even have the $100 opening minimum anymore. You can open i...
by SchruteB&B
Fri Nov 01, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why SHOULDN’T I open an SAT/ACT prep center?
Replies: 29
Views: 3662

Re: Why SHOULDN’T I open an SAT/ACT prep center?

Test prep is somewhat seasonal, but there are numerous test dates during the year so you should be able to smooth out demand somewhat. It’s year round around here. Both the ACT and SAT just recently (two years ago??) added summer testing dates. Many seniors take last test in Aug, Sep or Oct after a...
by SchruteB&B
Fri Nov 01, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Why SHOULDN’T I open an SAT/ACT prep center?
Replies: 29
Views: 3662

Re: Why SHOULDN’T I open an SAT/ACT prep center?

A while ago I was considering moving into teaching, but after some thought, I think opening up my own test prep business might be worth considering too. The initial start up costs are low and I can fund it with cash. Worst case, I lose my initial investment. My projections include actively teaching...
by SchruteB&B
Thu Oct 31, 2019 10:06 am
Forum: Personal Investments
Topic: 529 distribution procedure
Replies: 19
Views: 893

Re: 529 distribution procedure

^^^ What he said :D Most parents never log on to get the form. Don't know how they do their taxes though. :shock: Never could seem to find the 1098 last year. I didn’t have a parent account to log in to, and it wasn’t in my child’s account that we could see. Anyway, why would I have needed it for d...
by SchruteB&B
Thu Oct 31, 2019 9:58 am
Forum: Personal Investments
Topic: 529 distribution procedure
Replies: 19
Views: 893

Re: 529 distribution procedure

^^^ What he said :D Most parents never log on to get the form. Don't know how they do their taxes though. :shock: Never could seem to find the 1098 last year. I didn’t have a parent account to log in to, and it wasn’t in my child’s account that we could see. Anyway, why would I have needed it for d...
by SchruteB&B
Mon Oct 28, 2019 10:52 am
Forum: Personal Consumer Issues
Topic: Universal Orlando for 4 days
Replies: 27
Views: 1255

Re: Universal Orlando for 4 days

Staying on site at Universal is well, well worth it. Make sure it is one of the hotels with front of the line though! We like the Royal Pacific hotel best because it is less expensive and you can walk or boat to the parks.
by SchruteB&B
Sun Oct 20, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: SAT/ACT prep courses worth the money?
Replies: 47
Views: 3108

Re: SAT/ACT prep courses worth the money?

I will add a response as the parent of a more average ability, not very motivated student, paying for test prep was absolutely worth it, particularly in a straight financial analysis. All of the colleges our student was considering (private regional and 3rd tier schools) had very clear Net Price Cal...
by SchruteB&B
Tue Oct 15, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 3453

Re: Need help !!! US or Canadian universities?

In which state do you live? What does your son plan to study? If he took the PSAT 10 or Pre-ACT, what scores did he earn? (For the most part, test scores are very important for driving down the cost of college.) I live in NJ. His PSAT 10 was not good, around 1400 . The scores are not useful for kno...
by SchruteB&B
Mon Oct 14, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 3453

Re: Need help !!! US or Canadian universities?

In which state do you live? What does your son plan to study? If he took the PSAT 10 or Pre-ACT, what scores did he earn? (For the most part, test scores are very important for driving down the cost of college.) I live in NJ. His PSAT 10 was not good, around 1400 . The scores are not useful for kno...
by SchruteB&B
Fri Oct 11, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Best Trust Company For Spendthrift Child
Replies: 13
Views: 1954

Re: Best Trust Company For Spendthrift Child

with a family member as a co-trustee I would be very reluctant to put a family member in such a position as a co-trustee. The beneficiary of the trust would likely view the family member co-trustee as "controlling" the money and as preventing access to the money as the beneficiary wishes. This coul...
by SchruteB&B
Thu Oct 10, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 3453

Re: Need help !!! US or Canadian universities?

Has your son even been admitted to Cornell? Why is the decision Cornell vs. a Canadian school? There are many other college options in the US that might work out financially for your family. I agree with fweilmort that you need to run your own family’s financial facts through every potential college...
by SchruteB&B
Tue Oct 08, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawing 401k money penalty free prior to 59 1/2
Replies: 18
Views: 2264

Re: Withdrawing 401k money penalty free prior to 59 1/2

miamivice wrote:
Tue Oct 08, 2019 11:06 am


Can someone explain this to me? Let's say that I am not leaving my current job and we are talking about pretax dollars.
Many of the posters are just ignoring this stipulation.
by SchruteB&B
Thu Oct 03, 2019 12:50 pm
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 13358

Re: I pulled out... How do I get back in?

Domadosolo wrote:
Thu Oct 03, 2019 7:47 am
UpperNwGuy wrote:
Thu Oct 03, 2019 7:05 am
KlangFool wrote:
Wed Oct 02, 2019 12:47 pm
OP,

No ETF. Pick a target retirement fund.

KlangFool
+1
Why target retirement fund instead of 5 etfs?
Won’t I be paying too much in fees?
Schwab offers Target Date index funds for .08
by SchruteB&B
Sun Sep 29, 2019 8:55 pm
Forum: Personal Consumer Issues
Topic: Switched from Verizon's postpaid plan to prepaid: Saved 38%
Replies: 89
Views: 9155

Re: Switched from Verizon's postpaid plan to prepaid: Saved 38%

I switched to Xfinity Mobile from Verizon. My bill went from ~$90 for 4 GB to ~ $30 for 3 GB. I’m generally always on Wifi, but even if I went over, it is only $12/GB. If you select autopay, the price for Verizon's 6 GB prepaid plan (3 GB of which is a 'bonus') is $35 plus tax right now. Where were...
by SchruteB&B
Fri Sep 20, 2019 8:13 am
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 10635

Re: How hard is it to get into college?

It is very, very hard to get into Stanford and UCLA and all the hype and media attention is around schools like that. It is much more difficult to get into these highly selective schools than when you were applying. There are THOUSANDS of colleges in the USA though and they run the gamut from open d...
by SchruteB&B
Thu Sep 19, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8708

Re: Long Term FAFSA/College Strategy

Before college, I kind of regretted the Coverdells. I thought a 529 would be better. I don’t think so anymore. People are always trying to SELL 529 plans, it’s a bad sign. If people are making money on 529s, it’s costing you. More on this later…. It seems most 529s want to invest in stocks and bond...
by SchruteB&B
Tue Sep 17, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: College savings options
Replies: 23
Views: 2385

Re: College savings options

Thank you everyone for giving me insight about college saving plans. I am going to start contributing for 529 plans hopefully every year that should be suffice for there education. One thing I found out reading about the 529 plans that if kid get get some financial award or scholarship from the col...
by SchruteB&B
Mon Sep 16, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: College savings options
Replies: 23
Views: 2385

Re: College savings options

I am sorry if any of my postings were offending in any way I think I am not educated completely on what options I can use for college Savings and was looking for options to fund for my kids I think with high tax bracket I cannot do Roth IRA. Sorry again, if any of my posting words have offended any...
by SchruteB&B
Mon Sep 16, 2019 8:03 am
Forum: Personal Consumer Issues
Topic: Improving Lighting in a Dimly Lit Condo
Replies: 26
Views: 1672

Re: Improving Lighting in a Dimly Lit Condo

We are about to embark on a remodel of our 1970s condo and the plan now is to use the ultra thin LED can lights, possibly with a system similar to this, which claims you only lose 1” of ceiling height. https://www.popcornceilingsolution.com/ ... tallation/
by SchruteB&B
Sun Sep 15, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: College savings options
Replies: 23
Views: 2385

Re: College savings options

I found we didn’t need any other options to save for college other than the 529. I view it as a total gift to those in a high tax bracket. It isn’t tax deferred though, it is partially tax free. The earnings, if used for qualified expenses, are totally tax free. Plus my state (and it looks like CT d...
by SchruteB&B
Sun Sep 15, 2019 6:47 am
Forum: Personal Consumer Issues
Topic: Switched from Verizon's postpaid plan to prepaid: Saved 38%
Replies: 89
Views: 9155

Re: Switched from Verizon's postpaid plan to prepaid: Saved 38%

For many years, we've been on Verizon's 'unlimited' plan (i.e. unlimited talk and texting), which they refer to internally as a postpaid plan, and have had between 4 GB of monthly data shared between two lines. Including an 18% discount for being a university employee, the total monthly cost, inclu...
by SchruteB&B
Thu Sep 12, 2019 7:13 am
Forum: Personal Consumer Issues
Topic: Calling all iPhone SE Bogleheads
Replies: 61
Views: 4840

Re: Calling all iPhone SE Bogleheads

David Jay wrote:
Wed Sep 11, 2019 9:26 pm
Love my SE but I am thinking about a 7, it is only a half inch longer and Apple is clearancing them on the website: $499
I see $399 for the cheapest 7 in apple clearance
by SchruteB&B
Wed Sep 11, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 168
Views: 9414

Re: How old is your cellphone?

OrderAndChaos wrote:
Wed Sep 11, 2019 12:39 pm
My iPhone SE is about 3.5 years old. I hope to keep it long enough for Apple to realize there's still a market for a phone that fits in your pocket.
Same. Every time I read rumors of an SE2 my heart is filled with hope!!
by SchruteB&B
Wed Sep 04, 2019 8:37 am
Forum: Personal Investments
Topic: How do you let go of decisions that turned out to be the wrong ones?
Replies: 63
Views: 5139

Re: How do you let go of decisions that turned out to be the wrong ones?

What was the actual difference between your stable value and bonds? I can't see how it can actually be that significant to be stressed about. This. How much did you REALLY miss out on? And I would never call this decision “wrong” to begin with. Did you perhaps not make as much as you could have? Ok...
by SchruteB&B
Mon Sep 02, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fees that are eligible for 529 withdrawal
Replies: 10
Views: 559

Re: Fees that are eligible for 529 withdrawal

IRS Pub 970 says a fee must be required for enrollment or attendance. How is the credit card fee required for enrollment or attendance?
by SchruteB&B
Sat Aug 31, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5346

Re: Any Happy DVC owners here?

We considered buying at Beach Club Villas during the Great Recession. Decided not to and continued to either “rent points” from services like dvc by request or take advantage of Disney’s periodic 25/ 30% off villa stays.
by SchruteB&B
Tue Aug 27, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 156
Views: 13810

Re: out of network emergency visits. Huge bill!!!

My appeal was rejected. I also reached out to my HR department and I could not get results from there either. I also went to the Texas state insurance website. However, they don't help with the dispute since my company is self insured. I don’t know what “reached out” entailed, but I will say as som...
by SchruteB&B
Sun Aug 25, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: preparing for recession/stockpiling
Replies: 55
Views: 4842

Re: preparing for recession/stockpiling

I never stockpiled anything during the last recession 10 years ago. Just went to the store each week like normal.
by SchruteB&B
Sun Aug 25, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: Alumni donations to help children get into college
Replies: 64
Views: 5564

Re: Alumni donations to help children get into college

This last admission cycle, had family friends with a daughter applying to a non Ivy, but top 10 US News college. The mom was a legacy and had given maybe $1 million in donations over the last 15years. Her daughter was an accomplished varsity athlete and in the top 1% of her high school class and SAT...
by SchruteB&B
Tue Aug 20, 2019 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Risk associated with house value declining?
Replies: 34
Views: 2014

Re: Risk associated with house value declining?

People in my neighborhood who bought in 2006/2007 and had to sell in 2009-2011 sold at approximately 25-30% less than they paid.
by SchruteB&B
Thu Aug 15, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: 1) What age did you have your teen get a driver's license?
Replies: 48
Views: 2074

Re: 1) What age did you have your teen get a driver's license?

My teens both got their driver’s license the very first day they were eligible. They both wanted it. And I was beyond tired of chauffeuring them everywhere and sitting around waiting for them to get out of sports practice every afternoon at the high school. The insurance did go up but seriously, wor...
by SchruteB&B
Wed Aug 14, 2019 3:16 pm
Forum: Personal Investments
Topic: Investing large sum into 529 plans wise?
Replies: 17
Views: 1202

Re: Investing large sum into 529 plans wise?

SInce the first kid is going to school in 1 year and the second two kids are going to school in 2 years, I would not recommend investing in either a bond or stock portfolio. I would only recommend doing stable value funds to preserve capital. I agree. Take the state deduction, then preserve the mon...
by SchruteB&B
Wed Aug 14, 2019 11:44 am
Forum: Personal Investments
Topic: Still losing to inflation
Replies: 35
Views: 2995

Re: Still losing to inflation

I just couldn't stomach 2001 and 2008 (it was nauseating for me), was 90% equity each time Maybe the 90% equities had something to do with it. This is what stood out to me too. You went from one extreme—almost all stock—to another—-almost no stock. Why did you not just lower your equity exposure in...
by SchruteB&B
Mon Aug 12, 2019 5:36 pm
Forum: Personal Consumer Issues
Topic: Why household batteries have picture of no trash disposal on them?
Replies: 27
Views: 2918

Re: Why household batteries have picture of no trash disposal on them?

bhsince87 wrote:
Mon Aug 12, 2019 10:49 am
I just looked at three different packages of alkaline batteries, and none of them have that marking on them.
I have multiple packages of Duracell and Energizer brand alkaline batteries and none of them have that marking on them.
by SchruteB&B
Thu Aug 08, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Securing a smartphone for a child
Replies: 16
Views: 789

Re: Securing a smartphone for a child

What methods do you use to secure a phone for a child? 2) Only allowing calls/txts from Contacts I think 8 and 10 are too young for phones. You can do that with the texts, but realize that kids today communicate through snapchat and other apps and you really can’t control or supervise those. And ev...
by SchruteB&B
Mon Aug 05, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Are Ally ACH transactions always slow?
Replies: 22
Views: 895

Re: Are Ally ACH transactions always slow?

Yes agree Ally is very slow.
by SchruteB&B
Sun Jul 28, 2019 11:01 am
Forum: Personal Investments
Topic: Colorado 529 - 1 year out
Replies: 8
Views: 628

Re: Colorado 529 - 1 year out

Agree with Stable Value.
by SchruteB&B
Sat Jul 20, 2019 8:08 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Which is better, mutual funds or CDs?
Replies: 29
Views: 4214

Re: Larry Swedroe: Which is better, mutual funds or CDs?

Larry notes that in 401k and 529 plans, investors must use mutual funds. As other posters have noted, many 529 plans offer a range of FDIC insured, interest earning accounts and CDs. Here is a nice summary: https://s3-us-west-2.amazonaws.com/webresources.savingforcollege.com/documents/FDIC-insured-...
by SchruteB&B
Fri Jul 19, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Getting money from a 529
Replies: 45
Views: 3293

Re: Getting money from a 529

I am surprised so many are having checks issued/mailing checks. I have the withdrawal from the 529 plan deposited electronically into my checking account. I then pay the school electronically out of the account. Easy, free, and I have immediate confirmation of everything.
by SchruteB&B
Sat Jul 13, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 4019

Re: Financing my daughter's college with my 401K

I'd suggest you cash flow what you can, and have her borrow the rest. I agree, this is the only sensible way forward I see. Students can only borrow $5500 the first year, increasing by $500/year. Any amount in excess of that is a parent loan. This can not be repeated enough. I encounter so many par...
by SchruteB&B
Tue Jul 09, 2019 7:34 pm
Forum: Investing - Theory, News & General
Topic: EE bond doubling question
Replies: 15
Views: 1339

Re: EE bond doubling question

tj wrote:
Tue Jul 09, 2019 7:16 pm
I thought it takes 20 years to double?
Takes that long now. Used to take 17 years.
by SchruteB&B
Mon Jul 08, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Going to law school question
Replies: 55
Views: 3738

Re: Going to law school question

After you graduate law school, you'll take/pay for a BarBri bar exam prep for the summer where you basically study non-stop for 2 months to take the bar exam -- law school itself does almost nothing to prepare you for the bar exam (other than teach you how to write/understand the law). Yes, this is...
by SchruteB&B
Mon Jul 08, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?
Replies: 36
Views: 3821

Re: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?

Do you really believe that list would change significantly if we re-defined a bear market as a 19% drop instead of a 20% drop? I didn't think so either. The 20% is just an arbitrary number. So what happens if we take 19% as the threshold of a bear market? According to the reference, the beginning o...
by SchruteB&B
Wed Jun 26, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5752

Re: Should I buy a condo in Chicago?

I am sure you know more than I do about it. But is Atlanta not now the third? Greater LA. NYC. Atlanta? No. Atlanta is not. Chicago is 3rd and Houston is 4th. The list I looked up quickly had Atlanta as 37. That, then, is about the problems of defining a metropolitan area. I think the source I read...
by SchruteB&B
Wed Jun 26, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5752

Re: Should I buy a condo in Chicago?

I live in the Chicago suburbs (used to live in the city before the kiddos arrived). Chicago does has enough problems that I could spend the next hour filling up this whole page with all of them. However, it is the 3rd largest city in the richest country on earth. It is a true global city more compa...
by SchruteB&B
Tue Jun 25, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5752

Re: Should I buy a condo in Chicago?

I live in the Chicago suburbs (used to live in the city before the kiddos arrived). Chicago does has enough problems that I could spend the next hour filling up this whole page with all of them. However, it is the 3rd largest city in the richest country on earth. It is a true global city more compa...
by SchruteB&B
Sun Jun 23, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a 529 on yourself
Replies: 8
Views: 1411

Re: Taking a 529 on yourself

I did this recently. Don't mean to highjack the post, but perhaps this example will help others(?) Have a 529 for my kids but a few years ago decided to get a (relatively-cheap) masters degree, and the 529 was invested pretty aggressively for a some years before that so had some decent gains. I'd r...