Search found 68 matches

by classicindexer
Fri Sep 20, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Making Psychological Shift to High Deductibles, Funded HSA
Replies: 29
Views: 1678

Re: Making Psychological Shift to High Deductibles, Funded HSA

1. There's a strong disincentive to use the HSA for its intended purpose. If I can afford medical care using after tax dollars (which I can), it makes sense simply to let the HSA build up. 2. There's a relative disincentive to seek medical care at all unless absolutely necessary. I wouldn't hesitat...
by classicindexer
Thu Sep 19, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Making Psychological Shift to High Deductibles, Funded HSA
Replies: 29
Views: 1678

Re: Making Psychological Shift to High Deductibles, Funded HSA

I switched to a HDHP with HSA when I was young and healthy. Having rarely used health insurance and seeing that my out of pocket payroll contributions were drastically decreasing, my mind shift was easier. Yes I find myself waiting a little longer to go to the Doctor especially if it’s just a common...
by classicindexer
Tue Sep 10, 2019 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Equifax breach settlement update?
Replies: 45
Views: 3310

Re: Equifax breach settlement update?

I wonder if they will accept the free creditkarma monitoring I've had for years and still have. Don't know. I would try it and see what happens. I do not know, BUT I really doubt they will go to the trouble and expense of verifying all such certifications. It is clear, though, that they want to "se...
by classicindexer
Tue Sep 03, 2019 2:44 am
Forum: Personal Consumer Issues
Topic: Does anyone have a dishwasher they recommend?
Replies: 47
Views: 2880

Re: Does anyone have a dishwasher they recommend?

I’m happy with my 5 year old Bosch. Low end model with stainless interior on the sides, plastic on the bottom. It was $600 on sale at Lowe’s. It does a very good job of cleaning and is fairly quiet. +1 - I did the same and agree. It's amazingly quiet and cleans super well. Just clean out the filter...
by classicindexer
Thu Aug 22, 2019 7:38 am
Forum: Personal Investments
Topic: You Invest Liquidity / Time to withdraw?
Replies: 2
Views: 294

Re: You Invest Liquidity / Time to withdraw?

In You Invest if you sell before the trading day is over (~4:15 PM ET), I think that the money is typically available next business day and then you can transfer the money from You Invest cash over to your Chase checking account. This has been my experience with mutual funds. I have not purchased ET...
by classicindexer
Wed Aug 21, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Optional Life Insurance (through employer)?
Replies: 34
Views: 1404

Re: Optional Life Insurance (through employer)?

My employer gives me 1.5X salary at no cost to me so I only have that. I wanted policies to be portable so I didn't buy anymore from my employer. Then I created a ladder and bought 20Y $500K and 30Y $500K term policies from TIAA which is a combined total of a $430 a year (was in my early 30s when I ...
by classicindexer
Wed Aug 21, 2019 5:05 pm
Forum: Personal Investments
Topic: Finally ready to start a taxable account - Need some advice
Replies: 25
Views: 2398

Re: Finally ready to start a taxable account - Need some advice

One quirk of You Invest is that you have to send them a signed letter via secure message to have the taxable brokerage use actual cost/specID for tax lots. There are some other threads on here that talk about that. I think that one thread said that the web interface of You Invest may not have allow...
by classicindexer
Wed Aug 21, 2019 4:48 pm
Forum: Personal Investments
Topic: Finally ready to start a taxable account - Need some advice
Replies: 25
Views: 2398

Re: Finally ready to start a taxable account - Need some advice

You Invest Trade is the one that DW and I use (joint taxable brokerage account). You can buy most of the Vanguard mutual fund admiral shares such as VTSAX and VTIAX for the $3K minimum initial investment and $1 additional investments thereafter and there are no trade fees to buy those Vanguard mutu...
by classicindexer
Wed Aug 21, 2019 8:32 am
Forum: Personal Investments
Topic: Finally ready to start a taxable account - Need some advice
Replies: 25
Views: 2398

Re: Finally ready to start a taxable account - Need some advice

So essentially you get 100 free trades per year if you keep $15K in checking? Apologize for the confusion over the 0.35% fee. Customer service rep didn't make that clear to me when I looked into a few months ago. Otherwise would have considered that option more strongly. However, lack of ATM fee re...
by classicindexer
Wed Aug 21, 2019 7:25 am
Forum: Personal Investments
Topic: Finally ready to start a taxable account - Need some advice
Replies: 25
Views: 2398

Re: Finally ready to start a taxable account - Need some advice

JP Morgan Chase YouInvest charges 0.35% account fee on your balance. The 3 brokerages I mention above (Fidelity, Vanguard, Schwab) won't do that unless you chose to work with an advisor. You Invest now has two products: You Invest Trade is self-managed and there is no account fee (there can be trad...
by classicindexer
Wed Aug 21, 2019 6:22 am
Forum: Personal Investments
Topic: Invest vs pay off student loan in 1 year period
Replies: 43
Views: 2087

Re: Invest vs pay off student loan in 1 year period

My loan is deferred because I'm paid ahead. I don't have to make minimum payments until 2021. Assuming max contribution of $19k each year and 7% return: A) Pay off Loan for remainder of this year and miss on $19k contribution: $70k over 30 years = $2.45M B) Invest $19k for remainder of this year: $...
by classicindexer
Tue Aug 20, 2019 9:40 am
Forum: Personal Investments
Topic: Invest vs pay off student loan in 1 year period
Replies: 43
Views: 2087

Re: Invest vs pay off student loan in 1 year period

So many people recommend paying off the loan to be debt free using emotions to make that decision. We at bogleheads try to take emotions out of our investing. If you re in the 22% tax bracket you save $4180 in taxes by saving in a 401k and if you get a company match it could be worth thousands more...
by classicindexer
Tue Aug 20, 2019 6:50 am
Forum: Personal Investments
Topic: Invest vs pay off student loan in 1 year period
Replies: 43
Views: 2087

Re: Invest vs pay off student loan in 1 year period

Pay off the loan and stop the 401k investing or reduce the 401k investing to the minimum to get a company match, one year won't make that big of a difference. DW and I did this of last year and now we're on track to contribute much more of our income to retirement and HSA accounts. We also get to us...
by classicindexer
Mon Aug 19, 2019 1:04 pm
Forum: Personal Investments
Topic: Saving for a new car
Replies: 14
Views: 1215

Re: Saving for a new car

DW and I are saving now for buying a used car later this year or early next year and we have been parking the money in our taxable brokerage invested in VMMXX. We don’t have a high yield savings account, if we did we’d probably use that. We’ve had car loans in the past, this time we’re going to try ...
by classicindexer
Sun Aug 18, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 8
Views: 495

Re: Life Insurance

DW and I purchased term life policies from TIAA and were happy with them and their process. I called them and they gave us prices for various terms and amounts over the phone and then emailed us quotes. The price that TIAA quoted us remained true after the medical exam that they paid for. Their rate...
by classicindexer
Sun Aug 18, 2019 8:21 pm
Forum: Personal Investments
Topic: Invest or pay off student loans?
Replies: 41
Views: 1727

Re: Invest or pay off student loans?

I would suggest throwing the whole windfall at the student loans. This is a risk-free investment, earning whatever rate you could refinance to. And you will benefit from this investment when the loans are gone, because the money which was going towards the loans can now be invested outside your 401...
by classicindexer
Fri Aug 16, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7501

Re: Use Vanguard MM Prime for cash rather than local bank?

If you already use Chase checking account, consider using their YouInvest brokerage account to put money into VMMXX. It will make the job of transferring money between VMMXX and your checking account (at Chase) much easier and faster. +1 that's what DW and I do. I closed of a few Chase savings acco...
by classicindexer
Fri Aug 16, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7501

Re: Use Vanguard MM Prime for cash rather than local bank?

Fidelity CMA with a brokerage linked via Cash Manager has been life changing. My savings and checking are now merged, earning good yield, and I can use any ATM on the planet for free. The linked brokerage allows deposits (paycheck included) to be automatically invested in SPAXX rather than the core...
by classicindexer
Fri Aug 16, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Debating a 4.25 to 3.375 refi
Replies: 28
Views: 1905

Re: Debating a 4.25 to 3.375 refi

Have you also checked rates with local community banks or credit unions? In Michigan a few credit unions right now have pretty aggressive rates and lender credits. I've taken a look at rates they have posted online, and they're not even close to being competitive. Ahh ok. They were for me but I was...
by classicindexer
Fri Aug 16, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7501

Re: Use Vanguard MM Prime for cash rather than local bank?

I think that ACH transfers run 3 times a day so if you initiate one early morning or early afternoon you may receive it next business day. I’ve seen this happen with PayPal, Venmo or Apple Pay Cash if I initiate a transfer before noon or so EST.
by classicindexer
Fri Aug 16, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Debating a 4.25 to 3.375 refi
Replies: 28
Views: 1905

Re: Debating a 4.25 to 3.375 refi

Have you also checked rates with local community banks or credit unions? In Michigan a few credit unions right now have pretty aggressive rates and lender credits.
by classicindexer
Fri Aug 16, 2019 8:28 am
Forum: Personal Investments
Topic: Max HSA on Jan 1 or biweekly
Replies: 15
Views: 871

Re: Max HSA on Jan 1 or biweekly

Also, to the extent your salary might be above the SS max, I believe HSA contributions (even if through payroll deduction) effectively only avoid the Medicare portion. It looks like HSA contributions are always exempt from both social security and medicare taxes. https://www.hsaedge.com/2018/09/23/...
by classicindexer
Fri Aug 16, 2019 8:26 am
Forum: Personal Investments
Topic: Max HSA on Jan 1 or biweekly
Replies: 15
Views: 871

Re: Max HSA on Jan 1 or biweekly

This is for a family - so the total is $5200 from us and $1800 from the employer. Thanks for spelling out the FICA issue clearly - yours and the next post made up my mind. You're welcome! I heard it on a podcast earlier this year and crunched the numbers because I was curious how much it would save...
by classicindexer
Fri Aug 16, 2019 5:57 am
Forum: Personal Investments
Topic: Max HSA on Jan 1 or biweekly
Replies: 15
Views: 871

Re: Max HSA on Jan 1 or biweekly

This is for a family - so the total is $5200 from us and $1800 from the employer. Thanks for spelling out the FICA issue clearly - yours and the next post made up my mind. You're welcome! I heard it on a podcast earlier this year and crunched the numbers because I was curious how much it would save...
by classicindexer
Fri Aug 16, 2019 5:55 am
Forum: Personal Investments
Topic: Max HSA on Jan 1 or biweekly
Replies: 15
Views: 871

Re: Max HSA on Jan 1 or biweekly

2) If you end up changing health plans midyear and your new plan is not HSA compatible, you'll have excess contributions to deal with as the HSA contribution limit is prorated by the number of months of the year you were in an HSA compatible health plan. Ahh I forgot about that one, excellent point...
by classicindexer
Fri Aug 16, 2019 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Debating a 4.25 to 3.375 refi
Replies: 28
Views: 1905

Re: Debating a 4.25 to 3.375 refi

DW and I currently have a 4.625% 25 year loan for $194K which has 20 years left. I am locked in for a refi with my local credit union for a 15 year fixed loan at 2.875% rate w/$170 for 0.099% points for $172K loan on $285K value. They said their system says appraisal should be waived so closing cost...
by classicindexer
Fri Aug 16, 2019 5:33 am
Forum: Personal Investments
Topic: Max HSA on Jan 1 or biweekly
Replies: 15
Views: 871

Re: Max HSA on Jan 1 or biweekly

I deposit into my HSA pre-tax each paycheck and my employer deposits $150 per month. Would I do better to contribute the max, less the $1,800 my employer puts in, on January 1 and just let it sort out on my tax return, or continue with biweekly contributions? I max my Roth IRA in the first few week...
by classicindexer
Thu Aug 15, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7501

Re: Use Vanguard MM Prime for cash rather than local bank?

I agree. About two months ago I switched to trying to keep about $10K in checking to cash flow about two months of expenses and the once a year large bills like property taxes and auto/home insurance that we pay annually. At the end of each month if there’s more than $10K in checking the rest gets t...
by classicindexer
Thu Aug 15, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance car as layer of emergency funding?
Replies: 33
Views: 1965

Re: Refinance car as layer of emergency funding?

If I owned that car free and clear I would not borrow money against it. That’s nuts. :annoyed I own my car outright and would not do this to beef up our EF. Dave Ramsey’s baby steps may help here. Sell the car and get a beater/cheaper car or get on a budget or tighten up the current budget to save m...
by classicindexer
Thu Aug 15, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 6862

Re: Are you refinancing now?

I just locked with my local credit union 15 year fixed 2.875% rate w/$170 for 0.099% points for $172K loan on $285K value. They said their system says appraisal should be waived so closing costs with w/o appraisal fee + their lender credit should be $1,263 which I'll pay out of pocket. Currently ha...
by classicindexer
Thu Aug 15, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 6862

Re: Are you refinancing now?

+1 on the spread between the 15 and 30 being low....there is almost no incentive, interest-wise to pick a 15year. How do you figure? I think in some cases a 15 year is still better if you're trying to pay less in total interest. I am refinancing and borrowing $172K. 15 year term is 2.875% and 30 ye...
by classicindexer
Wed Aug 14, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 6862

Re: Are you refinancing now?

I just locked with my local credit union 15 year fixed 2.875% rate w/$170 for 0.099% points for $172K loan on $285K value. They said their system says appraisal should be waived so closing costs with w/o appraisal fee + their lender credit should be $1,263 which I'll pay out of pocket. Currently hav...
by classicindexer
Wed Aug 14, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 6862

Re: Are you refinancing now?

THE ONLY QUESTION I HAD IS IT COST US ABOUT $2500 in refi costs so I am not sure if that is bad or not....please let me know but overall a 2.87% interest rate was to good to pass up. That doesn't sound too bad in terms of closing costs for that rate. Does it include all 3rd party fees (title insura...
by classicindexer
Wed Aug 14, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 6094

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

Credit cards are a tool as are cash and debit cards. If you stick to a zero based budget (as Dave Ramsey and other's recommend), your budget tells you what you can spend on what. So you have to look at your budget categories first to see what's available instead of looking at your bank/credit card b...
by classicindexer
Wed Aug 14, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7501

Re: Use Vanguard MM Prime for cash rather than local bank?

Yes, DW and I just started this earlier this year. We bank with Chase so we opened a joint You Invest brokerage account and keep most of our savings in the Vanguard Prime money market VMMXX. I try to keep a buffer in checking so that I don't have to sell VMMXX often. If I have to sell VMMXX I can ty...
by classicindexer
Wed Aug 14, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Refinance car as layer of emergency funding?
Replies: 33
Views: 1965

Re: Refinance car as layer of emergency funding?

My goal is to have less debt, not more. DW and I only have a mortgage now. I personally would not borrow money to establish or increase our emergency fund. If I was in your shoes, I would just keep saving to build the emergency fund over the next year and cut back on other expenses/savings goals. Wo...
by classicindexer
Tue Aug 13, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Software
Replies: 29
Views: 3055

Re: Personal Capital Software

third-party software does not store your passwords. It's not how this works. Passwords HAVE TO BE STORED somewhere in order to allow loggin into your borkerages/banks. They use Yodlee for that - their claim is Yodlee is impenetrable from security standpoint. I do not buy that. Nope - read here how ...
by classicindexer
Tue Aug 13, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 6862

Re: Are you refinancing now?

Why do people refi to a 30 year? Is it to get lower payments? Cash out? Reduce current mortgage % and lower payments? Or are they in ARMs that are about to jump? I don't understand the point. I am looking to cut my 23 years remaining on a 30 year conventional to 15 years if it's not a huge jump in ...
by classicindexer
Mon Aug 12, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 6094

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

I listen to Dave Ramsey occasionally and am familiar with his no credit card recommendation. I still have 3 credit cards, although for most of this year I was primarily using my debit card to experiment with whether or not you spend less money with cash/debit card vs. credit card. I mostly use a cre...
by classicindexer
Fri Aug 09, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Cloud Backup solutions for 2019?
Replies: 21
Views: 1047

Re: Cloud Backup solutions for 2019?

I have used BackBlaze on a PC and a Mac for almost 3 years low, works well. I have also setup family members with Caronbite and that works well too. Tested restores with both and have done full restores with Carbonite. BackBlaze is better for Mac.
by classicindexer
Mon Aug 05, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Advice for making and reviewing a family budget
Replies: 25
Views: 1451

Re: Advice for making and reviewing a family budget

Every Dollar offers free and paid versions. The free version is all manual entry and the paid version lets you link your banks. I tried Every Dollar (manual entry only) and YNAB and I was much happier with YNAB's interface when it came to managing transactions. I will be subscribing to YNAB next mon...
by classicindexer
Thu Jul 18, 2019 5:37 am
Forum: Personal Consumer Issues
Topic: Your pick for a lawn edger
Replies: 30
Views: 2211

Re: Your pick for a lawn edger

I bought a used McLane edger (gas powered) from someone locally last year and have been happy with it. It needed a little work (new belt, new blade, etc.) but I am mechanically inclined and don't mind working on my yard equipment.
by classicindexer
Fri Jun 28, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Chase "You Invest" account - Biggest complaint
Replies: 13
Views: 1576

Re: Chase "You Invest" account - Biggest complaint

Can you clarify? Was just about to have some assets transferred there this week. If you read through this thread, it looks like they allow selling specific lots but use average cost basis for transferred assets. Lots purchased at Chase seem to work properly. https://www.bogleheads.org/forum/viewtop...
by classicindexer
Fri Jun 28, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Chase "You Invest" account - Biggest complaint
Replies: 13
Views: 1576

Re: Chase "You Invest" account - Biggest complaint

Besides VMMXX (Vanguard Prime Money Market), is there any other money market fund that pays a higher yield? What about FSMXX ? It is paying 2.45% My You Invest account says FSMXX is not available for purchase in Chase You Invest. My youinvest brokerage account serves the sole purpose of holding a b...
by classicindexer
Tue Jun 18, 2019 5:02 am
Forum: Personal Finance (Not Investing)
Topic: How to pay homeowner's insurance, escrow or bank account?
Replies: 11
Views: 852

Re: How to pay homeowner's insurance, escrow or bank account?

I was considering shopping out my insurance also since I'm im a very similar situation as you. (My homeowners insurance went up 25% this year) My big hesitation is that I currently have USAA which has always treated me well, and has a good reputation of being cooperative if you actually need to fil...
by classicindexer
Mon Jun 17, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay homeowner's insurance, escrow or bank account?
Replies: 11
Views: 852

Re: How to pay homeowner's insurance, escrow or bank account?

Our mortgage company allowed us to opt out of the escrow for property taxes and insurance after we reached 20% equity loan to value which we did. I didn't like their mandated escrow cushion (almost 20%) which usually resulted in a yearly increase to our monthly payment or we typically sent a onetime...
by classicindexer
Fri Jun 07, 2019 2:15 pm
Forum: Personal Investments
Topic: Brokerages with no-transaction fees for Vanguard funds
Replies: 36
Views: 2940

Re: Brokerages with no-transaction fees for Vanguard funds

I opened a You Invest account and bought Federal Money Market (VMFXX) very easily with no fees. My idea is to have a pretty darn safe place to save while earning way more interest than their pathetic yield on savings accounts. I have the same strategy, although I went with VMMXX for the slightly be...
by classicindexer
Fri Jun 07, 2019 10:48 am
Forum: Personal Investments
Topic: Brokerages with no-transaction fees for Vanguard funds
Replies: 36
Views: 2940

Re: Brokerages with no-transaction fees for Vanguard funds

Not sure if you bank with Chase... Chase You Invest (self directed brokerage) offers a lot of Vanguard mutual funds for no transaction fee and many with lower minimum initial investment. The list of funds is not available online anymore but you can call customer service and give them the fund symbo...
by classicindexer
Thu Jun 06, 2019 3:05 pm
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 172
Views: 25174

Re: You Invest by JP Morgan Chase

Hopefully they are able to transfer over the tax ID info. Will definitely consider Chase as an all-in-one home if it goes smoothly. I sent a secure message to Chase You Invest about tax lots SpecID and they said: The default method for reporting cost basis is average. We are able to change the cost...
by classicindexer
Thu Jun 06, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Software
Replies: 29
Views: 3055

Re: Personal Capital Software

I'm evaluating a couple of retirement planning software programs available online. One is Maxifi and the other is Personal Capital. The former is $150, the latter is free. Personal Capital is a bit more user friendly, but it taps directly into your investment portfolio, after you give them your use...