Search found 126 matches

by Michael Patrick
Fri May 15, 2020 9:20 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 50776

Re: How Is Your Job Being Impacted By The Current Crisis?

I'm a state employee. I've been working from home since mid March, as has my whole team. Thankfully our work is such that we are able to do so and maintain the same level of productivity. So far there have been no pay cuts. But the revenue forecasts are pretty dire, and I'm assuming that at some poi...
by Michael Patrick
Thu Apr 30, 2020 4:57 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24326

Re: IRS Get My Payment up and running

Woke up this morning to discover I'm a couple thousand bucks richer... :sharebeer
by Michael Patrick
Mon Apr 27, 2020 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you expect your employer to change their stance on WFH after Coronavirus?
Replies: 99
Views: 6063

Re: Do you expect your employer to change their stance on WFH after Coronavirus?

Allowing more remote work had come up again and again in employee suggestions and engagement surveys. But there was quite a lot of reluctance from managers, so nothing much happened. Until COVID happened... Now we have close to 95% of employees working from home. I think it will be tough to put that...
by Michael Patrick
Sun Apr 26, 2020 5:40 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24326

Re: IRS Get My Payment up and running

I tried again just now and I'm in the April 30 club. :sharebeer
by Michael Patrick
Fri Apr 24, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24326

Re: IRS Get My Payment up and running

... I don't have a scheduled date for deposit when I check the "Get My Payment" tool either. The status hasn't changed since I first entered my bank info in the "Get My Payment" tool last week. Does this tool even work? Has anyone who entered their bank info for direct deposit in the "Get My Paymen...
by Michael Patrick
Fri Apr 24, 2020 7:23 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24326

Re: IRS Get My Payment up and running

I was expecting that they would be able to give me a date this morning.

The app acknowledges that I am eligible, and that they have my direct deposit info. They've had it since some time last week. But it is still saying that they will provide a date when it is available.
by Michael Patrick
Mon Apr 20, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24326

Re: IRS Get My Payment up and running

According to information on the House Ways and Means Committee website (look for the Rebates FAQ at this link ), if you have entered your direct deposit information by Thursday you should get a payment the following week. I suppose that should read successfully entered, based on the comments above...
by Michael Patrick
Thu Apr 16, 2020 2:53 pm
Forum: Personal Consumer Issues
Topic: Advise what to do after receiving email from Hacker trying to extort money
Replies: 57
Views: 4487

Re: Advise what to do after receiving email from Hacker trying to extort money

I've gotten the porn scam emails, where they say the hacked my camera and caught me surfing porn, etc. And they included an old password (from a guitar forum that had recently shut down) to make it seem authentic. But my desktop doesn't have a camera and I put blue painters tape over the camera on m...
by Michael Patrick
Wed Apr 15, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24326

Re: IRS Get My Payment up and running

They were able to find my checking account this morning to take my payment for last year, but not to make a deposit. I had to go to Get My Payment and enter my bank info. I checked back later and they confirmed they had my info, but said to check back later to find out when I might see the money.
by Michael Patrick
Wed Apr 15, 2020 7:59 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27188

Re: Report when you receive your stimulus check here

I checked the IRS portal for the status of my payment. It said they needed my banking info. It's funny they say they need my banking info, because they had no problem direct debiting my federal tax payment today! :oops: My situation exactly. They were able to grab the money out of my account this m...
by Michael Patrick
Tue Apr 14, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13464

Re: How many paid for kids' college?

I opened a 529 for my older daughter about a year after she was born. She's a senior in high school now, and hopefully will be starting college in the fall if they are holding classes. We visited three colleges, and she chose the smaller state school that is about an hour away. Tuition, fees, room a...
by Michael Patrick
Sat Apr 11, 2020 1:43 pm
Forum: Personal Consumer Issues
Topic: What will you do first, once COVID pandemic is over?
Replies: 271
Views: 17134

Re: What will you do first, once COVID pandemic is over?

Gonna kiss the girl on the tilt-a-whirl. 8-) 8-) Your post made me hunt down and finally listen to John Prine's "When I Get To Heaven" Great song, by a truly unique artist. Thank you But I digress.... I'm gonna hug some people, go out to eat, and get a tattoo I'm glad someone got the reference. May...
by Michael Patrick
Sat Apr 11, 2020 9:34 am
Forum: Personal Consumer Issues
Topic: What will you do first, once COVID pandemic is over?
Replies: 271
Views: 17134

Re: What will you do first, once COVID pandemic is over?

Gonna kiss the girl on the tilt-a-whirl.
by Michael Patrick
Thu Apr 09, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth asking car insurer to decrease premium during pandemic?
Replies: 32
Views: 1578

Re: Is it worth asking car insurer to decrease premium during pandemic?

I got an email from Allstate telling me they are refunding 15% of my premiums for March and April. By my calculations that comes to about $40 or so. Not huge, but it'll buy me some groceries.
by Michael Patrick
Tue Apr 07, 2020 9:10 am
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16347

Re: What percentage of your paycheck do you invest?

We save a bit over 10% of gross. That doesn't include the 6.75% of gross that goes into my pension (which is matched by another 6.75% from my employer).
by Michael Patrick
Mon Apr 06, 2020 1:34 pm
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 254
Views: 20114

Re: What are you doing for haircuts due to coronavirus shutdown?

I'm just going to go full mountain man. Hair, beard, let it all hang out.
by Michael Patrick
Fri Apr 03, 2020 6:38 pm
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9501

Re: Cares Act Payroll Protection Program

The amount given is not counted as taxable income? Oh... I see, I see. ✓✓✓ It's not taxable for federal purposes, but may be taxable at the state level. Here in WI we don't automatically follow federal definitions of income, we will have to pass legislation to exempt the forgiven portion from state...
by Michael Patrick
Fri Apr 03, 2020 1:38 pm
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9501

Re: Cares Act Payroll Protection Program

The amount given is not counted as taxable income? Oh... I see, I see. ✓✓✓ It's not taxable for federal purposes, but may be taxable at the state level. Here in WI we don't automatically follow federal definitions of income, we will have to pass legislation to exempt the forgiven portion from state...
by Michael Patrick
Thu Mar 26, 2020 7:00 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 25676

Re: How much you lost/gain since Feb 20,2020 ?

I haven't looked. The only account I've looked at was my daughter's 529, and that was mostly to pat myself on the back for dumping the whole thing into a principal-plus-interest fund last year.
by Michael Patrick
Mon Mar 23, 2020 1:05 pm
Forum: Personal Consumer Issues
Topic: Incoming College Freshmen 2020 - New Reality
Replies: 24
Views: 1929

Re: Incoming College Freshmen 2020 - New Reality

My daughter is a senior. We're focused on what it is going to take to get her graduated, we'll worry about college after that. I'm assuming the college has no clue yet what the situation will be in September. No one does.
by Michael Patrick
Sun Mar 22, 2020 10:37 am
Forum: Personal Investments
Topic: Get out now or ride it out?
Replies: 85
Views: 7026

Re: Get out now or ride it out?

I'm about your age, and looking to retire at 65. I'm solidly option #3.

Getting out now will only lock in your losses.
by Michael Patrick
Sun Mar 22, 2020 10:16 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 267
Views: 15549

Re: So what are you cooking

I made a big batch of pozole rojo yesterday. Ate well last night, and we should get a couple more meals out of it. Generally followed this recipe , except I browned the meat first and then removed the meat and cooked the onions in the drippings. I also added three whole cloves, to give it a little t...
by Michael Patrick
Mon Mar 16, 2020 7:20 am
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 8146

Re: Who is continuing to buy as planned?

I'm running on automatic. Money comes out of every paycheck for my 457(b), and monthly automatic direct debit from checking to our VG IRAs.

The only thing I'm doing differently is I'm not looking at the balances...
by Michael Patrick
Mon Mar 02, 2020 5:26 pm
Forum: Personal Investments
Topic: Retired, age 66, 100% in cash, what to do now
Replies: 36
Views: 3962

Re: Retired, age 66, 100% in cash, what to do now

DCA = dollar cost averaging.
by Michael Patrick
Fri Feb 28, 2020 2:02 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 492
Views: 41793

Re: The Calm Post - Stay the course thread.

Those that are staying the course, it would be nice to know if you still have earned income coming in. Just for the sake of conversations. :wink: Perhaps our usernames could be color coded or something. I'm one of the stay the course people. I am six years out from retirement, if it goes as planned...
by Michael Patrick
Thu Feb 27, 2020 12:44 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 492
Views: 41793

Re: The Calm Post - Stay the course thread.

I've just resolved not to look at my retirement account balances. I stayed the course through the Great Recession, and I don't see any reason to do anything different this time.
by Michael Patrick
Thu Feb 27, 2020 12:33 pm
Forum: Personal Consumer Issues
Topic: How Do you Exercise Indoors?
Replies: 127
Views: 9608

Re: How Do you Exercise Indoors?

I alternate between running and lifting weights, doing each every other day. I prefer to run outside, but I live in Wisconsin so for a good chunk of the year I'm confined to running indoors. I have a treadmill in my basement, and generally spend thirty minutes every other day running. Whether I'm ru...
by Michael Patrick
Fri Feb 14, 2020 12:11 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27378

Re: What is the best concert you ever witnessed?

I was thinking about triple bill concerts... The best one I ever saw was the Radiators, Little Feat, and the Allman Brothers (Dickey Betts/Warren Haynes lineup). Weirdest was Leslie West sandwiched between The Ramones and Iggy in 1977, at the height of punk. I think I was the only person in the audi...
by Michael Patrick
Tue Feb 11, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: IRS 2020 W4 withholding: new calculation method, new form
Replies: 82
Views: 6742

Re: IRS 2020 W4 withholding: new calculation method, new form

I'm confused about the intersection between my W-4 and my spouse's W-4. I make about 4x what she makes. The box in Step 2 says it is accurate for jobs with similar pay, but is silent on what to do if pay is dissimilar.
by Michael Patrick
Sun Feb 09, 2020 11:55 am
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27378

Re: What is the best concert you ever witnessed?

I was also at the very first show of the very first tour for Van Halen. They were the opening act for Montrose and Journey, March 3, 1978, at the Aragon Brawlroom in Chicago.
by Michael Patrick
Sun Feb 09, 2020 6:00 am
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27378

Re: What is the best concert you ever witnessed?

Hard to pick only one, but my very first concert would certainly be a contender, the Rolling Stones at the Chicago Stadium in July 1975. It was great being a teenager during the golden age of what we now call classic rock. After seeing the Stones I saw in quick succession the Who, Elton John, Queen ...
by Michael Patrick
Wed Feb 05, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 97
Views: 6947

Re: who do you bank with and why?

I use a local credit union for checking (plus a mortgage). No fees, local branches.

I have a money market account with Capital One, mostly because I had a MM account with ING that carried over when they were bought by Capital One.
by Michael Patrick
Wed Jan 08, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: SECURE Act - Special Needs Trusts
Replies: 51
Views: 4781

Re: SECURE Act - Special Needs Trusts

I'm a little confused, not that that is an abnormal state for me... When the surviving spouse dies, would there be an inherited IRA created for the disabled child, and the SNT would receive the stretch RMDs based on the age of the child? Is that how it is supposed to work? Or does the trust get the ...
by Michael Patrick
Wed Dec 25, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 371
Views: 56602

Re: Low-earners- What is your profession?

I've worked for the state for the last 20 years. You don't go to work in state government for the money... My wife has been working part-time to allow time to care for (and advocate for) our younger daughter, who has autism. It's only in the last couple of years that our combined income has cracked ...
by Michael Patrick
Wed Dec 25, 2019 8:02 am
Forum: Personal Consumer Issues
Topic: Credit card payment habits
Replies: 72
Views: 4285

Re: Credit card payment habits

I don't use auto pay, I set up the payments manually to fire on the statement due date. I pay in full every month without fail.
by Michael Patrick
Mon Dec 23, 2019 5:01 pm
Forum: Investing - Theory, News & General
Topic: WSJ "Economists got the decade all wrong"
Replies: 40
Views: 5583

Re: WSJ "Economists got the decade all wrong"

Speaking as an economist... Economists are not some monolithic entity. There are economists who are hacks and economists who are very good at what they do. I work with a a group of economists who are very much in the latter category, and who have actually done quite well with their forecasts within ...
by Michael Patrick
Fri Dec 20, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Introduced to Bogleheads today coming from the Dave Ramsey world and looking for general input on my current situation
Replies: 101
Views: 10235

Re: Introduced to Bogleheads today coming from the Dave Ramsey world and looking for general input on my current situati

michaeljc70 wrote:
Fri Dec 20, 2019 12:51 pm
Credit is important for other things like home and auto insurance as well as opening basic things like gas, electric, phone, etc. accounts without deposits.
And the OP will need gas, electric and phone in the new house, even if they pay cash for it.
by Michael Patrick
Thu Dec 19, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Casual slip on shoes
Replies: 25
Views: 2548

Re: Casual slip on shoes

gac1979 wrote:
Wed Dec 18, 2019 4:52 pm
Does anybody have a recommendation for a casual slip on shoe to wear for everyday use with blue jeans etc? Looking at the Merrell Jungle Mocs....
https://www.merrell.com/US/en/jungle-moc/17703M.html
I recently bought that very shoe. I like them, they are comfortable and convenient.
by Michael Patrick
Fri Dec 06, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: pension plan with survivor benefits for child?
Replies: 20
Views: 1119

Re: pension plan with survivor benefits for child?

She should make sure she can name her son. My pension plan limits who you can name as a survivor. Depending on the annuity option you choose, you are prohibited from naming a survivor who is either 10 or 19 years younger than you, and who is not your spouse.
by Michael Patrick
Thu Dec 05, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Cable Cord Cutting more complicated than expected
Replies: 96
Views: 8130

Re: Cable Cord Cutting more complicated than expected

We saved around $100/month by dropping cable and going with a Roku and PlayStation Vue. PS Vue had the channels that most closely matched what I was watching on cable. They seemed to have the best for live sports. I can get PBS OTA, so the fact that it isn't available in my streaming package isn't ...
by Michael Patrick
Thu Dec 05, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: Cable Cord Cutting more complicated than expected
Replies: 96
Views: 8130

Re: Cable Cord Cutting more complicated than expected

We saved around $100/month by dropping cable and going with a Roku and PlayStation Vue. PS Vue had the channels that most closely matched what I was watching on cable. They seemed to have the best for live sports. I can get PBS OTA, so the fact that it isn't available in my streaming package isn't a...
by Michael Patrick
Tue Dec 03, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Blended Family Estate Advice
Replies: 37
Views: 2601

Re: Blended Family Estate Advice

My Dad had five kids, his second wife had four. They combined all of their assets when they got married. Their wills were structured so that all of the assets passed to the surviving spouse, and then whatever was left of the assets was divided into nine equal shares on the death of the surviving sp...
by Michael Patrick
Tue Dec 03, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Blended Family Estate Advice
Replies: 37
Views: 2601

Re: Blended Family Estate Advice

Maybe one way to be "fair" is to die without assets. :) True story - My wife has one sister. Her late mother had very modest assets at her death and her will split her assets equally between my wife and her sister. However, about half of my late mother-in-law's assets - at the time of her death - w...
by Michael Patrick
Tue Dec 03, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Blended Family Estate Advice
Replies: 37
Views: 2601

Re: Blended Family Estate Advice

My Dad had five kids, his second wife had four. They combined all of their assets when they got married. Their wills were structured so that all of the assets passed to the surviving spouse, and then whatever was left of the assets was divided into nine equal shares on the death of the surviving spo...
by Michael Patrick
Tue Dec 03, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Tiaa creft 403B rollover to Vanguard pros and cons
Replies: 18
Views: 1319

Re: Tiaa creft 403B rollover to Vanguard pros and cons

DW had multiple TIAA-CREF 403b accounts. Most were eligible for direct rollover to an IRA and those funds are now at Vanguard (mostly to minimize fees and complexity.) The funds she had invested directly in TIAA Traditional could only be disbursed over a 10-year period, and we're doing so. On refle...
by Michael Patrick
Fri Nov 22, 2019 11:42 am
Forum: Personal Consumer Issues
Topic: Musical Instrument Insurance
Replies: 22
Views: 975

Re: Musical Instrument Insurance

I lot of guys on the guitar gear forums I frequent use Heritage Insurance.

https://musicins.com/
by Michael Patrick
Wed Nov 20, 2019 7:56 pm
Forum: Personal Investments
Topic: 529 in S&P fund, child senior in HS
Replies: 18
Views: 1075

Re: 529 in S&P fund, child senior in HS

My daughter is also a senior this year. I had the vast majority of her 529 in a stock fund. I made a pretty darn good return over the last number of years, but when the market started with the wild gyrations earlier this year I transferred it all into a stable value principal-plus-interest fund.
by Michael Patrick
Fri Nov 15, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Cash & Checkbook Register Reconciliation
Replies: 83
Views: 5767

Re: Cash & Checkbook Register Reconciliation

I don't keep a paper register, but I do enter all checking account transactions in Quicken. I'm writing very few checks these days (mostly for school activities for my kids) but since I use that account to pay credit cards, utilities, car and mortgage payments, charitable donations, and regular mon...
by Michael Patrick
Fri Nov 15, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Cash & Checkbook Register Reconciliation
Replies: 83
Views: 5767

Re: Cash & Checkbook Register Reconciliation

I don't keep a paper register, but I do enter all checking account transactions in Quicken. I'm writing very few checks these days (mostly for school activities for my kids) but since I use that account to pay credit cards, utilities, car and mortgage payments, charitable donations, and regular mont...