Search found 68 matches

by Savermom
Wed Aug 31, 2022 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Venmo safety? Tips?
Replies: 52
Views: 6764

Re: Venmo safety? Tips?

There is no fee if you use Amex send and save. Load money into your account from your Amex app and then go to Venmo to pay it. You can also move money back to your Amex card.
by Savermom
Wed Mar 23, 2022 7:27 pm
Forum: Personal Investments
Topic: Where to put money needed in 4 years
Replies: 30
Views: 3140

Where to put money needed in 4 years

How do I invest money that I may need in 4 years in the current climate? I understand that even though bonds will fall when interest rates rise that interest payments will increase. Does that mean a shorter term bond fund is still ok right now?
Or TIPs?
Thank you!
by Savermom
Wed Feb 23, 2022 9:30 am
Forum: Personal Investments
Topic: Delete
Replies: 2
Views: 324

Delete

Deleted
by Savermom
Sat Feb 05, 2022 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 7
Views: 480

Re: Restricting Traditional IRA

Deleted
by Savermom
Sat Feb 05, 2022 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 7
Views: 480

Re: Restricting Traditional IRA

Deleted
by Savermom
Sat Feb 05, 2022 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 7
Views: 480

Re: Restricting Traditional IRA

bsteiner wrote: Sat Feb 05, 2022 7:53 pm The better way is to leave your IRA to your children in trust rather than outright. The trusts could be in your Will or in a separate trust instrument, and the beneficiary designation would name the trusts as the beneficiaries.

Any law firm with a good trusts and estates practice should be able to do this.
If the IRA is left to a trust, is it still distributed in 10 years? The problem is we can’t guarantee that this person will actually leave the IRA to his children. Right now I think it is left to a trust.
by Savermom
Sat Feb 05, 2022 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 7
Views: 480

Re: Restricting Traditional IRA

Delete
by Savermom
Sat Feb 05, 2022 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 7
Views: 480

Deleted

Deleted
by Savermom
Sat Jan 29, 2022 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Paypal sent me a 1099K [for non-taxable legal settlement]
Replies: 10
Views: 1786

Re: Paypal sent me a 1099K [for non-taxable legal settlement]

Rainier wrote: Sat Jan 29, 2022 9:14 am Report the 1099 K income

Then include a subtraction in other income for the same amount with a note (non taxable legal settlement reported on 1099K).
Agree
by Savermom
Mon Nov 08, 2021 7:40 am
Forum: Personal Finance (Not Investing)
Topic: When is it worth it to risk health to make more money in job?
Replies: 100
Views: 11106

Re: When is it worth it to risk health to make more money in job?

You already have enough money. You should definitely focus on your health.
by Savermom
Sat Nov 06, 2021 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Downshifting in early 30s (Am I Delusional?)
Replies: 85
Views: 11646

Re: Downshifting in early 30s (Am I Delusional?)

Do what you want. I would rather be happy and have less money. And you have already saved so much, you will be fine. Do you want to look back and say my 30s past, and I did not enjoy them?
by Savermom
Mon Oct 25, 2021 4:58 pm
Forum: Personal Consumer Issues
Topic: Thinking about getting my ears pierced for the first time
Replies: 68
Views: 4535

Re: Thinking about getting my ears pierced for the first time

You can get it done at a plastic surgeon’s office.

I agree with the others who said you had better be sure that you want it due to the scar it would still leave.
by Savermom
Mon Oct 25, 2021 5:09 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with spouse SAH vs. different job/career decision
Replies: 72
Views: 9045

Re: Struggling with spouse SAH vs. different job/career decision

Yes, I always wanted to be a SAHM. I quit my
job even though my husband’s salary was low.

I would rather not spend as much and get to raise my child. I will never get this time back. Also, this set up works better for my family.

You are in an excellent financial position. Also, a second income is taxed a lot more than the first.
by Savermom
Sat Sep 18, 2021 5:47 am
Forum: Personal Investments
Topic: Vanguard not responsive [answering phone calls]
Replies: 43
Views: 6882

Re: Vanguard not responsive

Deleted
by Savermom
Sat Jul 31, 2021 2:18 pm
Forum: Personal Investments
Topic: Set up ROTH's for adult kids without them knowing
Replies: 49
Views: 5696

Re: Set up ROTH's for adult kids without them knowing

I would not do this. What if they start them on their own? There are limits to how much they can contribute.

As far as I know, it has to be their name on the account.

I would just gift them the money for the account.
by Savermom
Mon Jul 12, 2021 11:43 am
Forum: Personal Consumer Issues
Topic: Ideas for DW's 40th Birthday
Replies: 34
Views: 4402

Re: Ideas for DW's 40th Birthday

hi_there wrote: Sat Jul 10, 2021 6:04 pm For what it's worth, I would be extremely upset if my wife took $10k from our savings to buy me a present. I already buy everything I want. I am not sure how to make a recommendation without knowing more about your wife, but please discuss with her first, so that you can both decide how to celebrate this life milestone together.
I totally agree with this comment. I would be so mad if my husband did this. Ask your wife what she wants.
by Savermom
Sun May 30, 2021 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Have a really hard time quitting
Replies: 157
Views: 28329

Re: Have a really hard time quitting

You should quit and spend more time with your family.

You have WAY more than enough money saved, and you don’t like your job anymore.
by Savermom
Sat May 08, 2021 6:21 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3621
Views: 568961

Re: 2 Comma Club!

Wow, congratulations!
by Savermom
Fri Apr 16, 2021 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: In odds. IRS didn’t withdrew money from our account.
Replies: 19
Views: 1597

Re: In odds. IRS didn’t withdrew money from our account.

The same thing happened to me this year. It withdrew about several days late.
by Savermom
Tue Apr 13, 2021 8:34 am
Forum: Personal Consumer Issues
Topic: Oral surgeon said we were legally required to give SS#, then they got hacked
Replies: 54
Views: 7422

Re: Oral surgeon said we were legally required to give SS#, then they got hacked

So sorry this happened to you! You should freeze their credit reports. You need to do it with all 3 bureaus. If it makes you feel any better, I agree with the others, unfortunately a lot of our info. is already out there due to the Equifax hack, etc.

Also have two factor authentication on all financial accounts. I also have the IRS PIN to file a return.
by Savermom
Tue Mar 02, 2021 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Anyone kept their Amex Platinum or Sapphire Reserve during COVID?
Replies: 67
Views: 7158

Re: Anyone kept their Amex Platinum or Sapphire Reserve during COVID?

The Amex credits also drive me crazy! I am thinking of downgrading my CSR to a CSP in the future. I don’t know how long I will stay with Amex because I am just not getting as good of value out of their points- and like you said the annoying credits!!!
by Savermom
Sat Jan 09, 2021 5:56 pm
Forum: Personal Consumer Issues
Topic: Does anyone have a dishwasher they recommend?
Replies: 161
Views: 14616

Re: Does anyone have a dishwasher they recommend?

My whirlpool dishwasher kept leaking. My mom had 2 that kept leaking. I have had a Bosch for a year. That is not long enough to say, but the reviews are very good.
by Savermom
Fri Sep 25, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Wife Quitting High Earning Job?
Replies: 56
Views: 9339

Re: Wife Quitting High Earning Job?

So many people would love to be in your financial position and to be able to afford to stay home with kids. Your wife cannot get this time back with her parents and your kids. If she wants to stay home, she is very fortunate that she can.

If she is not sure whether she would like it, yes, a leave of absence is an option.
by Savermom
Sun Sep 20, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 7555

Re: Challenging a physician's bill

I would also add that this is the price that they would bill your insurance, and if it was in network, your insurance would pay a lower negotiated rate.

I would politely call, explain that you were told that your insurance was accepted, otherwise you would have made an appointment with a different practice. I would say that I understand that the insurance usually pays you less than what they bill you. Is there anyway that you could please pay a more reasonable price- could they please look up the “cash price” (what people pay without insurance)?

If you are not given a reasonable price, ask to speak to the billing manager and be sure to state that you were told that your insurance was accepted and ask for a more affordable price
by Savermom
Thu Sep 17, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: So, you want to tilt to growth
Replies: 33
Views: 3748

Re: So, you want to tilt to growth

Yes, I have a family member who sees the huge gains in growth and then sold value to buy QQQ during August. Performance chasing!

We don’t have to worry about which will outperform with the total stock market fund which is of course one of the benefits holding it long term.
by Savermom
Wed Sep 09, 2020 7:41 am
Forum: Investing - Theory, News & General
Topic: Jane Bryant Quinn, stock allocation before / after retirement
Replies: 40
Views: 7496

Re: Jane Bryant Quinn, stock allocation before / after retirement

This does not sound like a good idea to me. Sure, you can pick times where it would work. But taking on more risk when you are living off your retirement account and decreasing the amount of fixed income that you can pull from in a down market just does not seem sensible to me.

For example, you could be increasing your equities in a high market, and then you have 10 years of lower markets. I take on more risk now in the accumulation stage. Once I am close to retirement and also when I am retired, I definitely want less risk.
by Savermom
Mon Aug 31, 2020 2:20 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 314
Views: 45840

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

You are right, but people like this won’t listen to you. My dad is like this. Plus, you could tell him to get out and then it keeps going up.

If your dad is not criticizing you for the way you invest,
just be thankful for that. My dad criticized me the other day for not being “aggressive” enough.

And what is so obnoxious is that every time I see my dad, he has to mention what the price is of his stock that has soared (but says nothing on down days). Hopefully your dad does not do this.
by Savermom
Sat Aug 29, 2020 6:40 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 7203
Views: 1421873

Re: What's Your Credit Card Rewards Strategy?

Chase Trifecta (most purchases)
Amex gold (but the airline credit and dining credits annoy me- I don’t know how long I will keep it)
by Savermom
Fri Aug 28, 2020 5:54 am
Forum: Personal Consumer Issues
Topic: Hilton Head recommendation
Replies: 11
Views: 1751

Re: Hilton Head recommendation

Marriott Vacation Club Grande Ocean

They have 2 bedroom units w a comfortable sofa bed in the living room
by Savermom
Wed Aug 26, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: Bear Cub Smells Bubble
Replies: 406
Views: 37257

Re: Bear Cub Smells Bubble

I have had all the same thoughts as you have. I think the market direction also depends on the election results.

My current AA is 80/20. I am planning to follow this AA at least for now. Since I don’t need my money for years, I will be ok if we have another correction.

I have to say that I see how bubbles are created. My dad (a performance chaser) sees how much the nasdaq is up and says buy QQQ! He sold an ETF of blue chip stocks to buy QQQ. So I do think w some stocks this is fear of missing out?
by Savermom
Tue Aug 25, 2020 11:44 am
Forum: Personal Investments
Topic: Single 12% marginal tax bracket roth v traditional
Replies: 28
Views: 2190

Re: Single 12% marginal tax bracket roth v traditional

A Roth!!!!!! You will have so much in gains from these contributions given your age, and you are in a low tax bracket.
by Savermom
Wed Aug 19, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question about the "cash back" from AMEX Blue Cash Preferred
Replies: 7
Views: 853

Re: Question about the "cash back" from AMEX Blue Cash Preferred

I have not used my blue cash for awhile (I have the old one). I think that the cash back credits just work like a payment and don’t lower your earned cash back for that month.
by Savermom
Wed Aug 12, 2020 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Rates so low. Should we take out a mortgage on home?
Replies: 33
Views: 4443

Re: Rates so low. Should we take out a mortgage on home?

DW and I are 37 years old, no kids yet but trying, live in MCOL area, 50-60k annual expenses, 550k total household income, and NW 3.25mm broken down as follows: RE equity 1.34mm (750k primary home with no mortgage but 105k drawn HELOC + 800k rental with 533k mortgage + 350k paid off rental + 75k RealtyShares crowdfunding investment), retirement accts 1.16mm, taxable accts 690k, private investment 16k (paying fixed 5%), misc 44k, cash 16k, and student loan (19k) (fixed 1.625% 25 yr loan). Question: We played major defense early in our careers and paid off over 200k of student loans by age 29, our primary home mortgage by age 32, and one rental by age 36. Those turned out to be major mistakes given how the market has performed. Our only curr...
by Savermom
Tue Aug 11, 2020 5:45 pm
Forum: Investing - Theory, News & General
Topic: Convince me not to sell all my US equities to Cash temporarily
Replies: 135
Views: 13643

Re: Convince me not to sell all my US equities to Cash temporarily

I understand your thoughts. I have had the same thoughts, but I know that I cannot time the market. I would not have expected the market to recover so quickly. Of course it is primarily big tech which has put the market back where it was. There are plenty of other stocks which have a ways to go to recover.

I also think that the election will impact the markets. I figure since I am 77/23 that I can rebalance if the market goes down. I am afraid that if I sell that I would end up losing money by missing gains, and I don’t want to take that risk. I would rather just rebalance.

You are only 36, so the market is going to be way, way higher than it is today when you retire.
by Savermom
Tue Aug 11, 2020 3:09 pm
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 14310

Re: Moving to Cash?

If you own both stock and bond funds, you don’t have to try to time the market. If the market falls, you will be rebalancing by selling bonds and buying stocks. This is what I love about rebalancing.

Like I have read on this board before, if you’re really panicked, you may have the wrong asset allocation (too much in stocks).
by Savermom
Sun Aug 09, 2020 10:07 am
Forum: Personal Investments
Topic: Asset allocation advice for a 23 year old.
Replies: 6
Views: 551

Re: Asset allocation advice for a 23 year old.

I would put it all in VTSAX or VTI. You don’t need to have $3,000 to invest with Vanguard. You can buy their ETFs. VTI is the ETF version of VTSAX, the total stock market fund.
by Savermom
Sat Aug 08, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 158
Views: 18940

Re: Think no one can beat the index?

I would not meet w the salesman. You can do your own retirement projections w a spreadsheet or online calculator. It is best to not meet w him so that you can avoid the sales pitch and I would guess follow up calls? I have never had a financial advisor, but I have met some through work. They are salespeople.
by Savermom
Sat Aug 08, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: Primecap Admiral Fund VPMAX
Replies: 33
Views: 9104

Re: Primecap Admiral Fund VPMAX

Wondering the same thing myself- I sold it after many years and bought TSM this year. I am not sure if I will buy some back in the future. I had so many years of outperformance with this fund...
by Savermom
Sat Aug 08, 2020 2:53 pm
Forum: Personal Investments
Topic: Considering Firing Financial Advisor
Replies: 45
Views: 9284

Re: Considering Firing Financial Advisor

Yes, I would say fire the advisor. If you do the 2 or 3 portfolio, you don’t have to spend time picking funds like your wife did not like. Hopefully she will understand that the advisor is not beating the market AND charging high fees.
by Savermom
Sun Aug 02, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Any Chase Sapphire Reserve cardholders planning on cancelling? [annual fee increasing]
Replies: 238
Views: 32593

Re: Any Chase Sapphire Reserve cardholders planning on cancelling?

I am thinking about downgrading to the chase sapphire preferred when my renews next year. I never use the travel portal. I will have to calculate how much I will spend for travel and dining first.
by Savermom
Sat Aug 01, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Calculated Tax Penalty
Replies: 3
Views: 390

Re: Turbotax Calculated Tax Penalty

You have to have paid in (through withholding and/or estimated payments) the lesser of 90 percent of the current year’s tax or 100 percent of the prior year’s tax to avoid a penalty.
by Savermom
Sat Aug 01, 2020 8:25 am
Forum: Personal Investments
Topic: Trying to match total market in 401k
Replies: 14
Views: 1371

Re: Trying to match total market in 401k

Yes, I do the s and p in 401k and TSM in other accounts.
by Savermom
Sun Jul 26, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Marriott/Hilton upgrades not available when booking through third-party websites (and credit card comparison)
Replies: 20
Views: 7132

Re: Marriott/Hilton upgrades not available when booking through third-party websites (and credit card comparison)

Yeah, I understood going in that I would not get any Hilton points when going through Amex.com, but I didn’t know that I wouldn’t get any benefits. Going direct next time except will use my hotels.com stamps one last time as I have eight stamps and with the promotion, get one stamp free if I book another night therefore letting me have ten stamps and a free night. I didn’t find out about this deal until after my Hilton booking. So far unimpressed with the Amex card. Love the CSR so far. Going to use that and my Capitalone pretty much for all my expenses. If you still love the CSR after awhile, you can get the most points by pairing it with the Chase Freedom and Chase Unlimited. You can transfer your points from these cards to your CSR for ...
by Savermom
Sun Jul 26, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: On-call on weekends ?
Replies: 65
Views: 7317

Re: On-call on weekends ?

My husband works in IT. He gets certain alerts for his clients 24/7. He is secondary on call on weekends and evenings once about every 7 weeks. That is nice that you can take off time during the week to make up for it! My husband’s job does not allow this unless he is working a long time during the night- then he could leave work a little early. We also do not go out of town, etc. when he is on call.
by Savermom
Sat Jul 25, 2020 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Forgo a year of retirement contributions to spend on self?
Replies: 45
Views: 4744

Re: Forgo a year of retirement contributions to spend on self?

No because of the employer match and you have so many years for that money to grow
by Savermom
Sat Jul 25, 2020 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Marriott/Hilton upgrades not available when booking through third-party websites (and credit card comparison)
Replies: 20
Views: 7132

Re: Marriott/Hilton upgrades not available when booking through third-party websites (and credit card comparison)

I also prefer the CSR over Amex. I am thinking about changing my CSR to a CSP though since they increased the fee. I don’t like using their portal and booking through a third party. I primarily transfer the points. I have to do the math to see if it is worth it for what I will spend next year. Yes, not only do you not get your status recognized, you don’t earn points at hotels if you book through a third party.