Search found 56 matches

by fuddbogle
Fri Oct 16, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4897
Views: 936978

Re: What's Your Credit Card Rewards Strategy?

Here's more - from first page summary. The final rule amends Regulation Z to remove the requirement that issuers consider the consumer’s independent ability to pay for applicants who are 21 or older, and permits issuers to consider income and assets to which such consumers have a reasonable expectat...
by fuddbogle
Fri Oct 16, 2020 10:25 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4897
Views: 936978

Re: What's Your Credit Card Rewards Strategy?

But if something goes wrong (you get into financial trouble and don't pay), they can and probably will review the entire application carefully and can use what you say to convince a judge or jury that you committed bank fraud. Won't happen and would never fly as fraud. A good faith estimate is not ...
by fuddbogle
Fri Sep 25, 2020 3:30 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4249

Re: How to combine finances with your spouse? Recently married/early30s

Come to terms with the fact that everything is jointly owned. Otherwise you are in for trouble . . . . I think the "post-nup" idea is a bad idea. I had a substantially similar experience to DaftInvestor and in our case are happily married 25 years. Of course it helps that I am fully in charge of th...
by fuddbogle
Mon Sep 21, 2020 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Doctor disclosure and consent
Replies: 48
Views: 3427

Re: Doctor disclosure and consent

One thing you might consider doing is not to do anything at a dermatologist office that can easily be done by your family doc/internist. Any old med student can spray lesions with the liquid nitrogen, but it takes a dermatologist to be able to do high-complexity minimally-invasive Mohs surgery with...
by fuddbogle
Mon Sep 07, 2020 4:21 pm
Forum: Personal Investments
Topic: Portfolio review - FIRE 2020?
Replies: 57
Views: 4528

Re: Portfolio review - FIRE 2020?

Your 60k of expenses includes fed/state taxes owed ? Or 60k (5k per month) is what you need to pay your bills (after tax spendable) ? And your healthcare costs are included in the 60k ? $60k includes ACA estimate for healthcare and includes estimate for what we expect to be low fed/state taxes base...
by fuddbogle
Fri Sep 04, 2020 2:01 pm
Forum: Personal Investments
Topic: Father has 300k+ as a 68 year old. What investing strategy would you advise?
Replies: 33
Views: 4514

Re: Father has 300k+ as a 68 year old. What investing strategy would you advise?

Rather than owning bonds, which pay interest that he does not believe in, how about the following approach. Keep a big piece in cash instead of bonds, and invest the rest in S&P500 index. In addition to avoiding interest, this would lessen the need to sell securities in a down market. inflation wou...
by fuddbogle
Tue Sep 01, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7652

Re: Continuing Care Retirement Community Entrance Fee

DW and I are considering a move to a CCRC. This CCRC has two entrance fee options for the specific villa we are interested in: 90% refundable entrance fee or non-refundable entrance fee. I compared the present value of the cost of these two options and determined that the refundable fee would be mo...
by fuddbogle
Tue Sep 01, 2020 8:40 am
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 246
Views: 15512

Re: What is your age and asset allocation ?

Ages: soon to be 52/53 - no debt. 80/20 - most of the 20% is in CD's or HYSA (misnomer). Once retired (planning 59.5) pensions and farmland income will fully meet our spending needs. The 80/20 portion will only be needed for discretionary spending so we are being somewhat aggressive with this portion.
by fuddbogle
Fri Aug 28, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: $11,000 Roof / Loan to Family Member
Replies: 21
Views: 2299

Re: $11,000 Roof / Loan to Family Member

If you're in a position to loan that money, yes.
by fuddbogle
Wed Aug 26, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Term Life renewal mechnism?
Replies: 13
Views: 570

Re: Term Life renewal mechnism?

This is OP. Don't insurance companies at least have the courtesy to let me know what the new premium is, before they simply pull money out of my account? I am certainly going to give them a call. But call me overly concerned: if they say they wouldn't renew my policy on the phone but pull the money...
by fuddbogle
Sun Aug 23, 2020 1:07 am
Forum: Personal Investments
Topic: What to Invest in for Long Term
Replies: 16
Views: 2038

Re: What to Invest in for Long Term

You could stay with the Fidelity family and put the money in the ETF > ITOT.

Its similar to your FSKAX but last I checked a little more tax efficient than the mutual fund.
by fuddbogle
Sun Aug 23, 2020 12:37 am
Forum: Personal Investments
Topic: Am I being too conservative?
Replies: 19
Views: 2108

Re: Am I being too conservative?

Do you have an emergency fund?
by fuddbogle
Wed Aug 19, 2020 2:21 pm
Forum: Personal Investments
Topic: VTSAX periodic investing in Chase
Replies: 14
Views: 866

Re: VTSAX periodic investing in Chase

I've purchased less $3000 of VTI (VXUS too) through Chase YI.
by fuddbogle
Thu Aug 13, 2020 8:05 am
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 11497

Re: Moving to Cash?

I am 40, hope to "retire" at 55 100% cash is dumb. You know this. You have 1500 posts on this board. Go 50/50 and stop worrying about the market. 50/50 and you're never wrong. Market is going up... you own some stocks and you're enjoying some gains Market goes down... good thing you were smart enou...
by fuddbogle
Fri Jul 24, 2020 4:49 am
Forum: Personal Consumer Issues
Topic: Backyard BBQ - easy
Replies: 42
Views: 3820

Re: Backyard BBQ - easy

Just get a Weber. Lots of sizes to choose from and are high quality. Get a cover as well if its kept outdoors full time.
by fuddbogle
Fri Mar 13, 2020 5:17 am
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7582

Re: How is this pandemic different than 2008?

Ohio health officials believe they have 100,000 cases in Ohio. I’m sure a few deaths are coming but as I post this, zero deaths.

US also had 60M cases of H1N1. That’s 60,000,000. US will be fine when this all shakes out.
by fuddbogle
Sat Feb 15, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Relative laid off - need advice
Replies: 29
Views: 5146

Re: Forced early retirement with minimal asset - please help with planning

The ultimate goal is for him to find another job, and keep working until he can’t. But from personal experience, it will be very difficult at this age and with all limitations. So I’m just planning for the worst case scenario. Have you been out and about and seen some of the people working? My dad ...
by fuddbogle
Thu Feb 13, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Just accepted a new job, insurance gap?
Replies: 12
Views: 1027

Re: Just accepted a new job, insurance gap?

The medical is supposed to be in effect from day one, but the fully company paid STD and LTD dont take effect for 6 months. Nor the company paid Life. I'm supposed to get full info packet Monday or Tuesday via FedEx. Will be giving my 2 week notice at current employer tomorrow or Monday. Planning o...
by fuddbogle
Wed Feb 12, 2020 6:35 am
Forum: Personal Investments
Topic: Market timing + buying stock: cruise lines
Replies: 7
Views: 1041

Re: Market timing + buying stock: cruise lines

This doesn't sounds like a good investment. Most cruise fares will give you the same on-board credit if you purchase them through travel agencies like Expedia; Costco Travel will give you the on-board credit AND a (small) Costco cash on top of that. And those credits don't add up. With 100 shares o...
by fuddbogle
Fri Jan 24, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Compromised
Replies: 9
Views: 712

Re: Credit Card Compromised

Happens to me (or my wife) about 1x/year on average. It just happened this month with Amex. The card was brand new, being used, and I never received it. Amex alerted me after a large charge was declined. I had the new (or 2nd) card within a week. We have 16 Chase cards between the 2 of us so it's us...
by fuddbogle
Fri Jan 17, 2020 1:07 pm
Forum: Personal Investments
Topic: Money Market account part of AA?
Replies: 30
Views: 1838

Re: Money Market account part of AA?

I'm planning on roughly 70/22/8 at retirement in our investment with the 8% largely MM . We occasionally have a little burr in our saddle so the 8% is a 5yr+ buffer spending(if at all). So, whatever it's worth, I include our MM in our AA. If stocks go on a tear and you end up at 75/20/5, will you s...
by fuddbogle
Thu Jan 16, 2020 8:23 pm
Forum: Personal Investments
Topic: Money Market account part of AA?
Replies: 30
Views: 1838

Re: Money Market account part of AA?

I really like what is below. I'm about 8-10 years from retirement and the XX/XX/X AA is what I've projected to tame my anxiety the most. My wife and I will have roughly 100k/yr. in pension and other annual income at retirement (excluding our investments). Expenses shouldn't exceed 100K unless health...
by fuddbogle
Thu Jan 16, 2020 7:57 pm
Forum: Personal Investments
Topic: Money Market account part of AA?
Replies: 30
Views: 1838

Re: Money Market account part of AA?

TheRealJohnDoe wrote: Thu Jan 16, 2020 7:14 pm ... Now, most of it is earning 2.75% right now so it isn't just sitting in my wallet. ...
Very good, but how? Did you lock in CD rates at that %?
by fuddbogle
Sun Jan 12, 2020 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Family member with almost no retirement savings or assets, what to do?
Replies: 55
Views: 7537

Re: Family member with almost no retirement savings or assets, what to do?

Just an FYI to all, if he's in litigation for a work-related injury, he's not going to be working until the case is settled. No Work Comp attorney in the world will go into settlement negotiations with a client that can't work, yet, working. The work part may/may not come after the settlement.
by fuddbogle
Sun Jan 12, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Student debt consolidation for restaurant manager
Replies: 5
Views: 376

Re: Student debt consolidation for restaurant manager

I'm not sure about student loan consolidations, hopefully someone has good info. Other than the obvious pay off the debt as soon as possible......you need to increase your income. I'd be looking for a better paying position and until you accomplish that I would be looking for secondary work in addit...
by fuddbogle
Sun Jan 05, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Geico cancels 1M umbrella
Replies: 54
Views: 6902

Re: Geico cancels 1M umbrella

1 million umbrella = $600

5 cars, 5 drivers which includes a 21, 19 and 17 year old. Shopped all rates 4 months ago with another independent agent and it came in at 20% higher. I stayed with who I had.
by fuddbogle
Mon Dec 23, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Injured at work, should I bill my employer?
Replies: 57
Views: 4393

Re: Injured at work, should I bill my employer?

There is a grey area around what may be a personal health issue versus a work-related injury or illness. WC claims can also take time. For that reason - I would start with my personal insurance first - and then let them recover. Otherwise, you end up in the situation the OP is in where he is curren...
by fuddbogle
Mon Dec 23, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Injured at work, should I bill my employer?
Replies: 57
Views: 4393

Re: Injured at work, should I bill my employer?

I am confused as to why you didn't go through your health insurance. I would have simply gone through my health insurance and then ask my employer to pay all deductibles/co-pays/etc. If you want to tell your health insurance that this happened at work they can then work it out with your employer's ...
by fuddbogle
Mon Dec 23, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Injured at work, should I bill my employer?
Replies: 57
Views: 4393

Re: Injured at work, should I bill my employer?

I don't want to get too specific but it required an emergency room visit and stitches. I received a couple of bills (so far) and the total is approximately $250. One bill was actually over $1100 (for emergency eval and services) but I received a large "uninsured discount" of approx $900 even though...
by fuddbogle
Thu Dec 12, 2019 11:51 am
Forum: Personal Investments
Topic: Safest 4% Return- WWYD?
Replies: 47
Views: 5008

Re: Safest 4% Return- WWYD?

This may not be as safe as they'd like but with only what you've described, I'd invest here:

Vanguard LifeStrategy Income Fund (VASIX)
by fuddbogle
Wed Dec 04, 2019 12:45 am
Forum: Investing - Theory, News & General
Topic: Favorite stock(s) and why
Replies: 131
Views: 8667

Re: Favorite stock(s) and why

100 Shares of Carnival (CCL). You get $100 credit per cabin for a 7 day cruise if you own 100 shares or more. I don’t think it’s going to be (or has been) much of a money making stock but it keeps me grounded watching it and makes the “free” drinks on the ship taste especially good. Going on our 4th...
by fuddbogle
Wed Nov 27, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: New job opportunity, tough decision
Replies: 54
Views: 4219

Re: New job opportunity, tough decision

I'm on my 4th manufacturing job in the past 20 years. 3 previous resulted in layoff and/or facility closure.

You may not be stressed about your job/life now but you will be in manufacturing.
by fuddbogle
Thu Nov 07, 2019 6:20 am
Forum: Personal Investments
Topic: Chase YouInvest
Replies: 16
Views: 1573

Re: Chase YouInvest

indexfundfan wrote: Thu Nov 07, 2019 5:48 am Buy one of the Vanguard money market funds, like VUSXX, VMFXX or VMMXX, etc.
I would agree with this.
by fuddbogle
Fri Oct 25, 2019 9:13 pm
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3629

Re: Best Single Entity for Investments + Cash + Banking

You can get many Vanguard funds, including MM, through Chase You Invest. Otherwise, Fidelity would be a good option.
by fuddbogle
Tue Oct 15, 2019 11:45 am
Forum: Personal Investments
Topic: Where to Put "Extra" Taxable Savings
Replies: 28
Views: 3699

Re: Where to Put "Extra" Taxable Savings

I don't have a good international fund in my tax advantage accounts so I'm international free in those.

I'm slowly building up VXUS in my taxable account.
by fuddbogle
Fri Aug 23, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 9036

Re: How to help an employee who is in debt and requesting a loan

Is your company big enough to have a fleet of cars? I work for a private company (over 50M) and I could see them loaning a company car to the employee for specified period of time. I’ve personally given 3k to a friend(10 years ago), who of course, who would pay me back over time. I’ve yet to see the...
by fuddbogle
Fri Aug 23, 2019 1:20 pm
Forum: Personal Investments
Topic: Mom-in-law divorced at 67, investment plan advice
Replies: 26
Views: 3292

Re: Mom-in-law divorced at 67, investment plan advice

pathdoc wrote: Fri Aug 23, 2019 12:13 pm Thank you all. This is all great advice.

She spends a lot, eats out all the time socially, and is used to a higher living standard.
She should find another man (or partner). Then you're really off the hook.
by fuddbogle
Fri Aug 16, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 9401

Re: Taking a break in your 50s: Is it the kiss of death?

...what I really want is probably unrealistic: a 40-hour week job. Just do the 40-hour week now. As previously noted, the worst thing that can happen is they fire you. Then collect unemployment. I don't know the in's and out's of ACA but I believe after a year of not earning much (live off savings)...
by fuddbogle
Fri Aug 09, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: NP degree worth the investment?
Replies: 62
Views: 6032

Re: NP degree worth the investment?

It will much easier to obtain a NP degree now than once the children are born, are in school or have graduated. If she's going to do it, now's the time. I have a friend that's a PA. She got her PA degree, had twins and went to part-time work. Now they're in HS she's gone back to full time. IMO, that...
by fuddbogle
Wed Aug 07, 2019 9:39 am
Forum: Personal Investments
Topic: Need Some Help Regarding Balancing Debt/Investments
Replies: 15
Views: 645

Re: Need Some Help Regarding Balancing Debt/Investments

Here is what I would do:

1) My wife would have to get a job and find low cost daycare
2) I would only contribute 4% of my salary to 401k
3) Pay down debt and housing. By building this house you’ve chosen that as your investment reservoir.
by fuddbogle
Sun Aug 04, 2019 8:46 pm
Forum: Personal Investments
Topic: Best CD Rates?
Replies: 20
Views: 4359

Re: Best CD Rates?

If you can qualify, Navy Federal Credit Union, has a 5-year CD at 3.5%
by fuddbogle
Sat Aug 03, 2019 5:53 am
Forum: Personal Investments
Topic: Best protocol with Two Roths and 401K
Replies: 20
Views: 1505

Re: Best protocol with Two Roths and 401K

Thanks for the info. I’m in the 22% tax rate for federal and 6.8% for Minnesota tax. As of now i can max out my Roth of $6000. I’ve never attempted to try to fill my spouses Roth IRA. I’ve always stayed at the 4% for my 401k but am now trying to determine after I max my Roth do I begin working on m...
by fuddbogle
Wed Jul 31, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Does the cost of children actually go down once the daycare comes off the books?
Replies: 35
Views: 2084

Re: Does the cost of children actually go down once the daycare comes off the books?

really depends. here are some expenses as they get older: 1. club sports 2. musical instruments 3. braces 4. travel 5. cars/insurance 6. college 7. hobbies 8. phones When our kids were small, we would get a single hotel room. That worked fine. Now that they are older we get 2 rooms or suites or VRB...
by fuddbogle
Mon Jul 29, 2019 5:41 pm
Forum: Personal Investments
Topic: Investment advice in retirement
Replies: 5
Views: 656

Re: Investment advice in retirement

Regarding the condo, sometimes when HOAs have to do something major like a roof they levy an assessment on every owner, which is not insignificant.. I image it will creep up over time but this is a well established HOA with, at least to my understanding, a good reserve built up. They also have done...
by fuddbogle
Mon Jul 29, 2019 5:39 pm
Forum: Personal Investments
Topic: Investment advice in retirement
Replies: 5
Views: 656

Re: Investment advice in retirement

The main question is, what to do with her savings? Is most of her current income tied to a COLA via inflation? I know SS is, but is the pension? If so, then I would keep it pretty near where she has it if that is her comfort level. She doesn't need the money in her current situation, so I would jus...
by fuddbogle
Mon Jul 29, 2019 4:03 pm
Forum: Personal Investments
Topic: Investment advice in retirement
Replies: 5
Views: 656

Investment advice in retirement

I've gotten really great advice here and have been reading a lot and learning. Thank you. Now for my mom, this is not complex but what is below is all estimates (although I believe close): Age: 72 & Single (divorced) Annual pension, SS, interest: 56k Annual expenses: 50k State: CA (north San Diego a...
by fuddbogle
Tue Jul 23, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Pension Payout
Replies: 11
Views: 809

Re: Pension Payout

Do you have a state income tax and how does it treat pension income? That could also influence your decision. The rule of thumb (appropriate IMO for most people) is to spend down taxable, then traditional, then Roth. The size of your taxable account could influence which pension choice makes the mo...
by fuddbogle
Tue Jul 23, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Pension Payout
Replies: 11
Views: 809

Re: Pension Payout

I expect that the payouts are "actuarially equivalent", so the pension plan is indifferent as to which option that you take. When pension plans make calculations like this, they generally use pretty conservative assumptions. I'm agreeing with you to take the money as soon as possible, and invest it...
by fuddbogle
Tue Jul 23, 2019 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Pension Payout
Replies: 11
Views: 809

Re: Pension Payout

Are you continuing to work or are you retired? If working at 55, pension will be taxed at your marginal tax bracket. Same for collecting at 60 and 62 if you continued to work. I was eligible to take a pension from my former employer at 55, but deferred it until this January after retiring in spring...