Search found 114 matches

by Eno Deb
Sun Jan 19, 2020 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use Turbo Tax?
Replies: 20
Views: 1527

Re: Should I use Turbo Tax?

If you're just starting out, I'd recommend to also consider H&R Block's software. It has basically the same capabilities as TT, but H&R is consistently $10-20 less expensive than the comparable TT version. Once you have started with one platform, you'll likely tend to stick with it just because you'...
by Eno Deb
Sun Jan 19, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Card is absolutely useless (overseas)
Replies: 34
Views: 2525

Re: Apple Card is absolutely useless (overseas)

sambb wrote:
Sun Jan 19, 2020 4:00 pm
Thats whats amazing about apple card - seamless integration with iphone and app. it is so much better than a regular credit card. it is awesome!
Well, I guess I don't see how exactly it is better than any other card that works with Apple Pay. But glad that you like yours.
by Eno Deb
Sun Jan 19, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Card is absolutely useless (overseas)
Replies: 34
Views: 2525

Re: Apple Card is absolutely useless (overseas)

You may be. Apple Wallet will allow you to use any credit card, regardless of institution, including the Apple Card. Sure. But you were talking about managing the Apple card, paying it off, receiving notifications etc. I get all that with my BoA and Chase cards as well through their respective apps...
by Eno Deb
Sun Jan 19, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Apple Card is absolutely useless (overseas)
Replies: 34
Views: 2525

Re: Apple Card is absolutely useless (overseas)

I will also say, Apple Card and Apple Wallet are pretty slick. Has worked flawlessly thus far. Any charges are immediately recorded in the Wallet application, reported with an iPhone alert, and all charges are clearly and cleanly displayed, easy to understand and follow. When you want to pay your b...
by Eno Deb
Sat Jan 18, 2020 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Card is absolutely useless (overseas)
Replies: 34
Views: 2525

Re: Apple Card is absolutely useless (overseas)

I ma not trying to be argumentative, just curious: I can pay with my various contactless cards or my Android phone with just a “tap” and I do it all the time in grocery stores, coffee shops, etc. It’s not clear to me how Apple’s payment system could be in a different world. (typed on an iPad) It's ...
by Eno Deb
Sat Jan 18, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Card is absolutely useless (overseas)
Replies: 34
Views: 2525

Re: Apple Card is absolutely useless (overseas)

sambb wrote:
Sat Jan 18, 2020 8:43 pm
I thought the apple pay transit feature was AMAZING on the UK tube, as just had to flash the phone with the transit feature, and it went straight to my apple card.
That is really a nice feature, but works with all credit cards that support Apple Pay.
by Eno Deb
Sat Jan 18, 2020 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Card is absolutely useless (overseas)
Replies: 34
Views: 2525

Re: Apple Card is absolutely useless (overseas)

whodidntante wrote:
Sat Jan 18, 2020 8:58 pm
But... But... You can't go to the fruit stand during launch hour and get the OMG GREATEST DEVICEZ!!!! :twisted:
I can actually, by ordering for pickup. :P
by Eno Deb
Sat Jan 18, 2020 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Card is absolutely useless (overseas)
Replies: 34
Views: 2525

Re: Apple Card is absolutely useless (overseas)

3% back on Apple purchases is better than anything else I have. Well, if the new fruit device costs $2k, that would make a whopping $20 difference compared to an ordinary 2% cash back card that isn't limited to Apple. Personally, I order Apple stuff online and use my BoA Cash Rewards with the onlin...
by Eno Deb
Sat Jan 18, 2020 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Card is absolutely useless (overseas)
Replies: 34
Views: 2525

Re: Apple Card is absolutely useless (overseas)

whodidntante wrote:
Sat Jan 18, 2020 7:24 pm
Some people just like fruit. :happy
I have a ton of fruit devices too (typing this on a Mac), but I don't find the card interesting at all. :P
by Eno Deb
Sat Jan 18, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Card is absolutely useless (overseas)
Replies: 34
Views: 2525

Re: Apple Card is absolutely useless (overseas)

This is Goldman's first consumer credit card. I'm not surprised that their fraud prevention system isn't as mature as that of more experienced issuers ... Generally, I don't really understand the appeal of this card. They don't even have a web page, so if you don't have access to your iPhone you can...
by Eno Deb
Sat Jan 18, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for airline travel
Replies: 21
Views: 1620

Re: Best credit card for airline travel

So for Capitol One Venture card 60,000 miles, how many airline tickets are they worth if you fly to the Caribbean? I wonder what the differences between points and miles are. Points can be used in various ways depending on the credit card. In some cases they can be converted or "transferred" to mil...
by Eno Deb
Sun Dec 22, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Closing old bank accounts or cards; negative credit score impact?
Replies: 4
Views: 542

Re: Closing old bank accounts or cards; negative credit score impact?

Hi folks, just switched to a new bank account after getting recently married, and I'm leaving BOfA for a credit union. I've been a BofA customer since 2002. On a free credit score option I turned on in Mint, it referenced old accounts being a boost to your score and keeping them around if possible....
by Eno Deb
Fri Dec 20, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit cards to get with no current credit score and websites to track credit score?
Replies: 35
Views: 1170

Re: Best credit cards to get with no current credit score and websites to track credit score?

I'd like to get the best cards possible in terms of both credit-building and cash back if possible. I'm not sure if we'd qualify for better cards due to our cash reserves despite our non-existent credit scores. If you have no credit history at all you'll probably not be approved for the "better" ca...
by Eno Deb
Tue Dec 17, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4361
Views: 839219

Re: What's Your Credit Card Rewards Strategy?

I flew SF to Singapore last month in economy, one-way. It as one of the most uncomfortable international flights I have ever been on, with the shortest leg room. Also had a medical event while onboard unfortunately to make things worse. Medline recommended that I elevate my legs - not easy to do at...
by Eno Deb
Fri Dec 13, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Ally email. Is account compromised?
Replies: 15
Views: 2059

Re: Help! Ally email. Is account compromised?

I'm thinking by 'Telephone Banking ID' they mean internet logon ID. No, there is actually a "telephone banking PIN" that is required if you want to use their automated phone system (which probably very few people do anymore since online/app banking is much more convenient). It can be changed online...
by Eno Deb
Fri Dec 06, 2019 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Gave all personal info to phone scammer
Replies: 31
Views: 5101

Re: Gave all personal info to phone scammer

No reason to panic. Most of this information (such as address, employment, car registration information) can be easily obtained by scammers anyway, bank account numbers are known by everybody you ever gave a check, and massive lists of SSNs are being traded in the dark corners of the Internet. I don...
by Eno Deb
Thu Nov 28, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card with $0 annual fee?
Replies: 48
Views: 4979

Re: Best Credit Card with $0 annual fee?

Does anyone know of a 2% cash back credit card, without an annual fee and also offering a promotion of cash back rewards if a certain amount of money is spent in the coming month? I'm not aware of any flat-rate 2% cash back cards with sign-up bonuses. There aren't really that many cards that offer ...
by Eno Deb
Sat Nov 23, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 131
Views: 10823

Re: Are complicated credit card cash back strategies worth it?

Cash back strategies are certainly a way of extracting money, but not from the financial system. Or do you think they are paying you out of their own pocket? Surely not. The card rewards are mostly paid out of the transaction fees that the merchants pay to the banks. Of course we all pay for these ...
by Eno Deb
Sat Nov 23, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 131
Views: 10823

Re: Are complicated credit card cash back strategies worth it?

Lots of good input in this thread. Personally one thing I do to avoid the psychological traps is to avoid merchant-specific cards. For example, when I still had an Amazon card I found myself picking Amazon "by default" for online purchases, which is a mistake since their prices are usually not the b...
by Eno Deb
Thu Nov 21, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing Service from Wells Fargo
Replies: 14
Views: 1001

Re: Optimizing Service from Wells Fargo

I was a Wells Fargo customer for 15 years. I had the grandfathered "PMA" package with free trades. I was mostly happy with their service and functionality. Being able to buy mutual funds (including Vanguard Admiral funds) with no fee was great. One thing that can be confusing is that they actually h...
by Eno Deb
Mon Sep 23, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America Cash Rewards Visa Signature as Alternative to Citi Double Cash Card?
Replies: 18
Views: 2141

Re: Bank of America Cash Rewards Visa Signature as Alternative to Citi Double Cash Card?

I am not thrilled that the Citi Double Cash Card had removed nearly all benefits from its card. I am thinking that a BofA Cash Rewards Visa Signature card (the World Wildlife Card for example) may be a good alternative, especially since I am a platinum honors member due to my Merrill Edge account. ...
by Eno Deb
Mon Sep 16, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353527

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

The BofA travel rewards card has no annual fee. The rebate is 2.625% for everything you spend (after the 1.5x multiplier). You do need to redeem it for travel expenses or transfer the points elsewhere to cash out. Can you actually transfer the points from the Travel Rewards card and if yes, where? ...
by Eno Deb
Sun Sep 15, 2019 10:36 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353527

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

indexfundfan wrote:
Sat Sep 14, 2019 6:12 pm
The BofA travel rewards card has no annual fee. The rebate is 2.625% for everything you spend (after the 1.5x multiplier). You do need to redeem it for travel expenses or transfer the points elsewhere to cash out.
Can you actually transfer the points from the Travel Rewards card and if yes, where?
by Eno Deb
Wed Sep 11, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1505

Re: new 401k with stable value fund...should I use it? for how much?

I'm making this comparison because the yield on the two funds is almost identical while the SVF won't (or shouldn't) have price fluctuations. I don't think this is the right way to look at it. Investment yield includes price fluctuations (for better or worse), which means the yield isn't anywhere n...
by Eno Deb
Tue Sep 10, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353527

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

The preferred deposit option unfortunately requires a phone call every time you want to make a transfer in or out. You can now do this online. You must use a computer and not a mobile device. It is accessed through a drop down on the holdings page. Thanks, this is good to know. I may open an accoun...
by Eno Deb
Tue Sep 10, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1505

Re: new 401k with stable value fund...should I use it? for how much?

I have: Stable value fund: T Rowe Price Stable Value Common Trust, yield: 2.25% VBTIX: Vanguard Total Bond Market Index Inst, SEC Yield: 2.20% Given these options, is there any reason to utilize the stable value fund, and if so, given the portfolio conditions listed in the original post, at what al...
by Eno Deb
Mon Sep 09, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1505

Re: new 401k with stable value fund...should I use it? for how much?

What, if any, allocation would you put into the stable value fund versus the vanguard total bond fund? The more appropriate comparison for a stable value fund are really money market funds. Ideally a SV fund will provide slightly higher interest in exchange for slightly more risk compared to MM fun...
by Eno Deb
Sun Sep 08, 2019 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: new 401k with stable value fund...should I use it? for how much?
Replies: 21
Views: 1505

Re: new 401k with stable value fund...should I use it? for how much?

My understanding is that, no, it does not. Distribution yield doesn't reflect the ER, while SEC yield does. I'm *pretty* sure that the the net yield of the stable value fund is 2.00%. Investment returns are always reported net of expenses, i.e. if it lists last years annual return as 2.25%, that's ...
by Eno Deb
Sat Sep 07, 2019 1:04 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 353527

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Merrill Edge's platform is pretty subpar compared to TD Ameritrade and Fidelity, but for basic ETF/stock trades it doesn't really make that much of a difference, and I didn't get free trades with TD or Fidelity. Note that "Platinum Honor" status gets you free access to something called "Merrill Edg...
by Eno Deb
Fri Aug 16, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax is a joke
Replies: 14
Views: 2419

Re: Equifax is a joke

I'm convinced they intentionally make it difficult and complicated (that's probably also why they keep changing the process). Every time someone freezes their credit file they lose a bit of money because they can't sell that person's information anymore.
by Eno Deb
Sun Apr 21, 2019 7:52 pm
Forum: Investing - Theory, News & General
Topic: IEF vs AGG
Replies: 3
Views: 511

Re: IEF vs AGG

IEF currently has 2.34% SEC yield and 7.5 years effective duration, AGG 2.86% SEC yield and 5.6 years duration. In terms of duration, IEI would be a closer match to AGG (and has 2.2% SEC yield at the moment).
by Eno Deb
Sun Apr 21, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Credit and Debit card safety
Replies: 26
Views: 1593

Re: Credit and Debit card safety

You could always contact your bank to limit the debit capability -- Schwab does that if you ask. Cash Withdrawal limits and debit limits can be different. Note that more and more banks allow setting debit card limits via app (e.g. Ally has the "Card Control" app, and BofA recently added it to their...
by Eno Deb
Fri Apr 19, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: RSUs and ESPP after 2-Week Notice
Replies: 21
Views: 1668

Re: RSUs and ESPP after 2-Week Notice

In tech, you will be escorted out if you join a "competitor" or do not reveal where you are going. A 2-week notice is a notice given 2 weeks in advance. I work in tech. I have seen the escorts when people are being laid off, but not if the termination is initiated by the employee. Wouldn't really m...
by Eno Deb
Tue Apr 16, 2019 11:12 pm
Forum: Investing - Theory, News & General
Topic: Treasuries ETF for taxable account?
Replies: 6
Views: 1031

Re: Treasuries ETF for taxable account?

I was in a similar situation last year. I now use iShares SHY (1-3 year treasury bond ETF). It derives 99.28% of its income from government obligations, so the dividends are practically completely state tax exempt. It's also highly liquid and has a low ER.
by Eno Deb
Sat Apr 13, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Accidentally overcontributed to my HSA
Replies: 5
Views: 456

Re: Accidentally overcontributed to my HSA

Flyer24 wrote:
Sat Apr 13, 2019 7:46 pm
The penalty is each year until the excess is withdrawn. So I would not leave it.
You are right, I should have mentioned that. I was assuming that the OP would correct the excess contribution by under-contributing this year.
by Eno Deb
Sat Apr 13, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Accidentally overcontributed to my HSA
Replies: 5
Views: 456

Re: Accidentally overcontributed to my HSA

Generally you have two choices: - Ask the HSA provider to return the excess contribution - Leave everything as it is, in which case you owe a 6% excise tax on the excess amount (and of course cannot deduct it) Given the small amount of the excise tax in your case ($21), I'd probably leave it and pay...
by Eno Deb
Sat Apr 13, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Money Market Account - tell me about your experience
Replies: 25
Views: 2719

Re: Ally Money Market Account - tell me about your experience

acegolfer wrote:
Sat Apr 13, 2019 8:52 am
Q on Ally Savings

It takes 2-3 days for Ally MMA to pull money from other institutions. Can Ally Savings (not Checking) do the same?
Yes, you can make ACH pulls from linked external accounts to any savings, checking, or money market account you have at Ally.
by Eno Deb
Fri Apr 12, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Questions on identity theft, fraud alert, credit reports, Chexsystems, etc.
Replies: 6
Views: 693

Re: Questions on identity theft, fraud alert, credit reports, Chexsystems, etc.

I second/third what the previous posters wrote: place a security freeze on your credit files at all 3 credit bureaus (you may also want to freeze the little known 4th one, Innovis, although it isn't used very often). Now that temporary unfreezing is free by law, there is really no reason to keep the...
by Eno Deb
Fri Apr 05, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: URGENT! Expat taxes: California state taxes, driver's license renewal, foreign tax credit,
Replies: 29
Views: 1688

Re: URGENT! Expat taxes: California state taxes, driver's license renewal, foreign tax credit,

Thank you - this is helpful. Regarding the license - if I already filled out the forms for the license and voting (though I haven't completed the process by going in person) and have (perhaps erroneously) already changed my address and bank account address to CA, is it not too late? Why would it be...
by Eno Deb
Thu Apr 04, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Move RSU shares from ML to vanguard
Replies: 5
Views: 327

Re: Move RSU shares from ML to vanguard

Raydo wrote:
Thu Apr 04, 2019 2:59 pm
Does anyone know if moving to Vanguard, Vanguard 1099 will show $0 basis or not.
If ML has recorded a cost basis, it should transfer to Vanguard. However, make sure to export/save all the information from ML since mistakes sometimes happen.
by Eno Deb
Thu Apr 04, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Move RSU shares from ML to vanguard
Replies: 5
Views: 327

Re: Move RSU shares from ML to vanguard

I have RSU shares from previous company I worked and I want to move those shares to Vanguard. I am not sure if this will trigger tax event or If Merill Lynch will not allow that as they charged a lot of money if I sell those shares with them. I also want to know if cost base will be tracked if movi...
by Eno Deb
Thu Apr 04, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: URGENT! Expat taxes: California state taxes, driver's license renewal, foreign tax credit,
Replies: 29
Views: 1688

Re: URGENT! Expat taxes: California state taxes, driver's license renewal, foreign tax credit,

When you leave the country, you’re still a resident of the last state you last lived in. If that’s California, then you will owe California taxes. I’ve seen recommendations to establish residency in a no income tax state before you leave. As I understand, there’s a way to establish yourself as a no...
by Eno Deb
Thu Apr 04, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: URGENT! Expat taxes: California state taxes, driver's license renewal, foreign tax credit,
Replies: 29
Views: 1688

Re: URGENT! Expat taxes: California state taxes, driver's license renewal, foreign tax credit,

Take a look at this: https://www.greenbacktaxservices.com/blog/expat-tax-ca-state-taxes/ As things currently stand, CA would probably consider you a resident. You should probably not renew your CA license and not register to vote there. You may also want to make your expat status "official" by telli...
by Eno Deb
Wed Apr 03, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: How's Ally Checking Billpay features?
Replies: 6
Views: 789

Re: How's Ally Checking Billpay features?

It comes out of mine on the day Ally predicts they receive the check. CapOne was when they cashed the check. It is the one issue I have with Ally. Weird. This is definitely not the case for me. I use Ally billpay to pay rent for our weekend house, and the amount is debited from my account when the ...
by Eno Deb
Tue Apr 02, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4297

Re: Any *disadvantages* to citizenship?

Not sure if we're just having wordplay here. My understanding is that if you don't submit 8854 you are eligible for the tax because you didn't file 8854. If you submit 8854 you might be eligible because of your wealth. It'd take a good lawyer to convince me otherwise. If you're arguing they can't r...
by Eno Deb
Tue Apr 02, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 84
Views: 35380

Re: Review after one month with Fidelity Cash Management

From the other thread. These are the 3 main setups. SPAXX, SPRXX, and FZDXX are the main money market funds people should look at. If (like me) you live in a high income tax state, I'd also recommend to take a look at FDLXX which is state tax exempt. For example, for CA residents in the 9% or 10% s...
by Eno Deb
Tue Apr 02, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4297

Re: Any *disadvantages* to citizenship?

Actually, no that's not it. You also have to notify the IRS. Tax obligations don't end when your permanent residency does. This is not accurate. Your tax obligations as a US person end the moment you give back the Green Card. What remains are *filing* requirements, but notifying the IRS is simple (...
by Eno Deb
Tue Apr 02, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4297

Re: Any *disadvantages* to citizenship?

Actually, no that's not it. You also have to notify the IRS. Tax obligations don't end when your permanent residency does. This is not accurate. Your tax obligations as a US person end the moment you give back the Green Card. What remains are *filing* requirements, but notifying the IRS is simple (...
by Eno Deb
Tue Apr 02, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4297

Re: Any *disadvantages* to citizenship?

His green card is "expired" (so I have been told), and he now wants to come back to the US to work. He was told he could not renew his expired green card- he could only return as a tourist. If this is all accurate, then I would question the "permanency" of a green card. In addition, immigration law...
by Eno Deb
Tue Apr 02, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4297

Re: Any *disadvantages* to citizenship?

Maybe, but most likely you'd surrender your GC at an embassy once outside the US. I guess you could wait until then to open bank accounts. Otherwise you could surrender it at a port of entry on your way out, but hope it doesn't make you miss your flight. Surrendering the Green Card is very simple: ...