Search found 90 matches

by Pete3
Mon Sep 16, 2019 6:36 am
Forum: Investing - Theory, News & General
Topic: Brokerages for Futures Trading in IRA?
Replies: 19
Views: 1105

Re: Brokerages for Futures Trading in IRA?

Both IB & TDA have features that make rolling over futures easy (and less risky) at quarterly expiration Edit: One more CON for IB, you have to pay a monthly fee for data unless you exceed some commission thresholds, so if your "trading" is more like buy and hold (swing) you will likely have to pay...
by Pete3
Wed Sep 11, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella coverage a no brainer?
Replies: 13
Views: 1632

Re: Umbrella coverage a no brainer?

Many people base their umbrella coverage on the net worth of non-protected assets. Others base it on the idea of being large enough to handle typical settlement. Still others say so long as you have at least 1-2 million, you will have the insurance company’s attorneys working for you and that’s eno...
by Pete3
Tue Sep 10, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Equifax breach settlement update?
Replies: 45
Views: 3300

Re: Equifax breach settlement update?

If the service offered by Equifax is better, I think I will change my answer and take the free monitoring. Free multi-year monitoring is worth more to me than the small $ amounts being talked about. I agree that the Equifax service is probably going to end up being worth much more than the mere pit...
by Pete3
Tue Sep 10, 2019 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Equifax breach settlement update?
Replies: 45
Views: 3300

Re: Equifax breach settlement update?

I have credit monitoring from Experian (free), they have additional premium monitoring services that are extra but the base service doesn't cost anything. I think I ended up with an Experian account from another breach-related free "premium" credit monitoring service offer years ago, once that expir...
by Pete3
Thu Sep 05, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard/Yodlee for Aggregation
Replies: 52
Views: 2626

Re: Vanguard/Yodlee for Aggregation

Are there any alternative products/services that you recommend over Yodlee that would suit my purposes? Not that I would necessarily recommend but there is https://home.personalcapital.com which uses Yodlee on the backend. If you give them your real phone number expect to get phone calls. If you ca...
by Pete3
Thu Sep 05, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Changing password, necessary on private network?
Replies: 8
Views: 519

Re: Changing password, necessary on private network?

It takes a while for changes to become widely adopted, NIST changed their password guidelines recently, hopefully others follow:

https://www.alvaka.net/new-password-gui ... -via-nist/
by Pete3
Fri Aug 30, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: Brokerages for Futures Trading in IRA?
Replies: 19
Views: 1105

Re: Brokerages for Futures Trading in IRA?

Sorry I didn't see this thread earlier, I "trade" futures in both IB and TDAmeritrade (aka ThinkOrSwim) IRA accounts and have for a while. You pretty much nailed the pros and cons, overall I prefer IB but their inflated margin requirements for futures in IRA are painful and yea, they will liquidate ...
by Pete3
Wed Aug 28, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: When to have an Umbrella insurance policy
Replies: 39
Views: 4250

Re: When to have an Umbrella insurance policy

Do you recommend having an Umbrella policy at all times? Or only once you get to a certain level of assets/net worth? If so, at what level (dollar amount wise) is it advisable to take out an Umbrella policy, and how big of a policy (dollar wise) should you take out? e.g. if you have $500,000 in ass...
by Pete3
Tue Aug 13, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Cashier's check with husband and wife's name
Replies: 12
Views: 1287

Re: Cashier's check with husband and wife's name

You can deposit checks without signature by endorsing "For Deposit Only" and the account number written on the back of the check. I do this all the time. I don't even both with that when electronically depositing checks at USAA (via SmartPhone app) - I noticed they don't seem to care so I no longer...
by Pete3
Thu Aug 08, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: New independent contractor
Replies: 4
Views: 511

Re: New independent contractor

You didn't mention your expected annual gross but in general a solo 401k will allow you to contribute a higher amount than a SEP-IRA.

Fidelity offers a solo 401k with zero setup or maintenance costs, I highly recommend it.
by Pete3
Thu Aug 01, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 147
Views: 12704

Re: Equifax settlement: how to file claim?

Not sure why they gave an actual figure of $125. They made it appear to be a firm price...choose $125 or free monitoring I think that is why the FTC felt the need to clarify and give everyone another chance to change their mind about cash vs credit monitoring. The original never mentioned it was $1...
by Pete3
Wed Jul 31, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 147
Views: 12704

Re: Equifax settlement: how to file claim?

Update on the FTC site about how no one who opt'd out of the free credit monitoring will be getting anywhere near $125 https://www.ftc.gov/enforcement/cases-proceedings/refunds/equifax-data-breach-settlement#FAQ5 5. I thought I could choose $125 instead of free credit monitoring. What happened? The ...
by Pete3
Thu Jul 25, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 147
Views: 12704

Re: Equifax settlement: how to file claim?

is the 10 hour "self certification" of $250 in addition to the $125 given if refusing credit monitoring? If consumers in the class action already have credit monitoring, they can be paid $125. Cash payments Every person can receive up to $500 for the time they spent “taking preventative measure or ...
by Pete3
Thu Jul 25, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 147
Views: 12704

Re: Equifax settlement: how to file claim?

Here's the link to file your claim : https://www.equifaxbreachsettlement.com/ I don't expect anyone to trust a random domain like this so please feel free to go to Equifax's site (https://www.equifax.com), there is a link to this other site right at the top If you opt out of the credit monitoring s...
by Pete3
Wed Jul 24, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 147
Views: 12704

Re: Equifax settlement: how to file claim?

Here's the link to file your claim : https://www.equifaxbreachsettlement.com/ I don't expect anyone to trust a random domain like this so please feel free to go to Equifax's site (https://www.equifax.com), there is a link to this other site right at the top If you opt out of the credit monitoring se...
by Pete3
Tue Jul 23, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Article: Safe Deposit Boxes Aren't Safe
Replies: 96
Views: 8422

Re: NYT Article: Safe Deposit Boxes Aren't Safe

I'm amazed that the bank had items disappear between when the sdb was opened and the contents placed in a bank storage facility. Were bank employees able to rifle through the contents and pick the expensive looking items to keep? What kind of shoddy procedures would have been in place to allow this ...
by Pete3
Tue Jul 23, 2019 10:58 am
Forum: Personal Investments
Topic: Betterment Everyday Savings and Checking Launches - 2.69% interest, FDIC insured
Replies: 21
Views: 1603

Re: Betterment savings 2.69%

Its a promo rate, the real current rate is still a decent 2.43% though: "The Betterment Everyday Savings ("Savings") annual percentage yield ("APY") is based on commitments from program banks if the program was available as of 07-10-2019. 2.69% APY is a promotional offer for individuals who sign up ...
by Pete3
Tue Jun 18, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 100
Views: 16925

Re: Do not use Personal Capital

This thread cracks me up....here's a good primer on security at PC....and why you are less safe logging into your own accounts from your browser than you are using PC to monitor them: https://wallethacks.com/personal-capital-security-safe/ So if one is really concerned with hacking they shouldn't b...
by Pete3
Mon Jun 17, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 100
Views: 16925

Re: Do not use Personal Capital

If you think each bank has developed its own systems then you know nothing about modern IT and systems integrations. Most of the banks lease systems. It is either SaaS or PaaS and IaaS. This is done for liability, security, and connectivity. Nobody will developed their own Fair Isaac system because...
by Pete3
Mon Jun 17, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 100
Views: 16925

Re: Do not use Personal Capital

You guys do understand that they are not storing your passwords in clear text. I bet they are not storing them at all. Your credentials are used to initiate to connection to other financial institutions then a token gets generated between 2 of them, that gets stored in their system and it is used t...
by Pete3
Mon Jun 10, 2019 2:03 pm
Forum: Personal Investments
Topic: HSA investment advice
Replies: 25
Views: 2505

Re: HSA investment advice

I have about 30K balance in my HSA. HSA is with the Health Equity. I need help with the investment selection in my HSA account. This HSA balance is a very small part of my assets so I am not worried about the asset allocation. My primary goals for my HSA investment: 1. Take minimum risk 2. Preserve...
by Pete3
Mon Jun 10, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 9927

Re: Do you carry Umbrella Insurance?

I'm debating on the limit I should carry for Umbrella Insurance. What percentage of your net worth do you carry as umbrella insurance? Several people have already explicitly stated this but do you understand why your net worth should have nothing to do with how much umbrella insurance you carry? Ma...
by Pete3
Sun Jun 09, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Checks without my account number
Replies: 39
Views: 4071

Re: Checks without my account number

When I do bill pay from my bank, my bank deducts the money immediately and the check that is mailed is a bank check, not a check drawn from my account. Thus it doesn't need to have my account number, just like a bank check that you would get from the bank in person.
by Pete3
Thu Jun 06, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 9565

Re: Failed land investments and what to do with it?

jminv wrote:
Wed Jun 05, 2019 7:06 pm
You're paying 100/lot/year in tax on pointless land.
OP (emphasis mine) "I pay about 100 dollars in property tax annually for all 5 pieces of properties combined."
by Pete3
Thu Apr 25, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2
Replies: 13
Views: 586

Re: 1099 vs W2

Thanks for all the valuable advise. Hourly rate being offered is exactly same for 1099 vs. W2. They are not offering any premium for extra SS and medicare taxes on 1099. In that case, should we take W2 or 1099? If I were you I would run the 2 different scenarios through TurboTax (or whatever tax pr...
by Pete3
Thu Apr 25, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2
Replies: 13
Views: 586

Re: 1099 vs W2

I would ignore the meta-discussion about employee versus contractor classification, it doesn't address the question you asked and it is irrelevant, if the EMPLOYER misclassifies your wife she has no liability, the EMPLOYER has the liability. I have the same situation where I can work as 1099 or W2 w...
by Pete3
Sun Mar 03, 2019 6:04 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Income Tax State of maryland
Replies: 16
Views: 1211

Re: 2018 Income Tax State of maryland

Maryland's legislators realized this problem in 2018 after the new tax law passed and considered de-coupling the state tax return from the federal so that you could itemize on state even if you took the standard deduction on the federal but they did not end up doing anything - this gives Maryland a ...
by Pete3
Sat Mar 02, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Income Tax State of maryland
Replies: 16
Views: 1211

Re: 2018 Income Tax State of maryland

For me, $23400 if itemize versus $24000 for std deduction (Fed)

For MD state, std deduction is $4500 versus $14700 itemized

So paying taxing on $600 more on the fed gives $10000 higher deduction on state.

Home mortgage interest is what made it close since SALT was capped at $10k
by Pete3
Sat Mar 02, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Income Tax State of maryland
Replies: 16
Views: 1211

Re: 2018 Income Tax State of maryland

Just did income taxes. Surprise. Did both ways. Itemizing and taking standard deduction. In Maryland you have to take standard deduction on state if you take it on federal. net result FOR ME: I pay less taxes between the two if I itemize, even though I have to pay considerably more to federal. Me t...
by Pete3
Sun Feb 10, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: COBRA deductible as Self Employed Health Insurance?
Replies: 11
Views: 1139

Re: COBRA deductible as Self Employed Health Insurance?

First, it is not correct that the policy must be in the name of the business. Here is a direct quote from Form 1040 Instructiions; "If you are filing Schedule C, C-EZ, or F, the policy can be either in your name or in the name of the business." It is really a gray area as to whether COBRA can be co...
by Pete3
Fri Jan 25, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax on TaxMarkDown.com
Replies: 42
Views: 5172

Re: TurboTax on TaxMarkDown.com

I usually buy the download version from Amazon but I have purchased from fly-by-night sites in the past and here are some things to keep in mind. These downloads are digitally signed by Intuit - you can right-click on the file and see that it is digitally signed using a Symantec certificate. There i...
by Pete3
Fri Jan 25, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Unpleasant surprise 2018 Federal Tax - high level overview?
Replies: 114
Views: 16532

Re: Unpleasant surprise 2018 Federal Tax - high level overview?

Sorry, but it's politics. My taxes went up as well this year. Withholding tables were adjusted incorrectly so that taxpayers thought they got a tax break up until the November elections, but then the truth came out. Politics have nothing to do with - the withholding tables are not created by politi...
by Pete3
Tue Jan 15, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing
Replies: 16
Views: 1062

Re: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing

I got my first and only EIN for my solo 401(k) plan when it was established and it is the only thing I have ever used for 5500-SF filings
by Pete3
Fri Nov 02, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: final January estimated quarterly tax payment- can it be paid in April with return?
Replies: 7
Views: 781

Re: final January estimated quarterly tax payment- can it be paid in April with return?

I've made my first 3 estimated tax payments for 2018. I have a big sec 179 tax deduction which I am sure will make my final January estimated payment unnecessary. Can I skip it? I read somewhere here that there is no penalty for missing the January estimated federal payment if you pay due taxes in ...
by Pete3
Tue Oct 23, 2018 5:21 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

Your 70A subpanel will work fine depending on the other big loads in your house and how often they're used (electric heat, AC, dryer, electric oven). The good news is my condo has no other large electrical loads other than central A/C (240V/30A breaker). All the appliances are gas. The bad news is ...
by Pete3
Tue Oct 23, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

Depending on your other big loads I would go for it on your 70A panel. I think on a tesla you can command the car to under-draw at whatever amperage you want, to avoid nuisance trips, so it's pretty low risk. This is definitely true - with the Tesla wall connector you can set the max current draw a...
by Pete3
Tue Oct 23, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

Interesting gadget. Thanks for the link. Could be a "last resort". They do say they're only rated for 3 hours continuous use at max output. Ah I didn't know that, I just googled 120v to 240v and that was the first one that came up, nothing special about that one, maybe there are others that are mor...
by Pete3
Tue Oct 23, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

Update from OP: I decided to go through with the order. New delivery date is this Saturday. The charging situation at my home is complicated. I've talked to one electrician and I'm about to get a quote from a second. It's probably going to be expensive. I'll explain why. I live in a condo. There's ...
by Pete3
Fri Oct 12, 2018 6:55 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

OP here. Order is now placed. :twisted: In a concession to Bogleheads who scratch their heads at anything beyond a Corolla or Prius, I decided to dial it back a little and skipped the Performance/Performance Upgrade build. This saves about $12,000 but should still have enough speed/acceleration to ...
by Pete3
Wed Oct 10, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

Me personally id just buy a used porsche 911 for around 30k and itll haul ass. But i love porsche. Its not an EV but you need to ask yourself is spending 75k worth it just to go electric? Only you can weigh all your options and decide. Good luck! There is another option for OP - he could get the AW...
by Pete3
Wed Oct 10, 2018 6:20 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

If you’ve already decided to go to $75k though, why not consider the S? It’s another $20-30k, but it’s top of the line, and you can afford the few extra bucks each month. The S is a significantly larger car than the 3 so if OP doesn'tt need that extra space he may find that its more car than he wan...
by Pete3
Tue Oct 09, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

Still $75k seems very expensive for a performance model of what is supposed to be an economy EV. No one is calling the Model 3 an economy EV (except you). It may be the cheapest car Tesla has produced so far, but it is not and was never intended to be an economy car. By economy car, how commonly us...
by Pete3
Tue Oct 09, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

Still $75k seems very expensive for a performance model of what is supposed to be an economy EV. No one is calling the Model 3 an economy EV (except you). It may be the cheapest car Tesla has produced so far, but it is not and was never intended to be an economy car. By economy car, how commonly us...
by Pete3
Tue Oct 09, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

Still $75k seems very expensive for a performance model of what is supposed to be an economy EV.
No one is calling the Model 3 an economy EV (except you). It may be the cheapest car Tesla has produced so far, but it is not and was never intended to be an economy car.
by Pete3
Mon Oct 08, 2018 7:51 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

OP- There is no doubt you can afford a model 3. I'd recommend a model S if you are going to buy a Tesla. But, Tesla will enter bankruptcy before the calendar reaches 2019. No doubt about it. If you're okay with that, buy the car. Enjoy it man. How much do you want to bet? Or more importantly, how m...
by Pete3
Mon Oct 08, 2018 7:48 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 43072

Re: Talk me out of buying a Tesla Model 3

So... am I crazy? Fellow Model 3 owner here since June (RWD) - love the car and absolutely no problems as delivered or since then. Get the car, you can afford it and you will absolutely love it. New software update is being rolled out now (v9) to add a bunch of new features. The car keeps getting b...
by Pete3
Sun Aug 12, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 7864

Re: Private Banking is a trap. Don't do it!

The magic words to make it stop are “do not call list.” Next time they call, politely ask them to put you on the “do not call list.” Bank compliance officers spend a lot of time worrying about failures to comply with do not call requests, because the litigation risk can be very high if they mess it...
by Pete3
Mon Jul 09, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Any new info on passthrough deductions for corp?
Replies: 5
Views: 764

Re: Any new info on passthrough deductions for corp?

Was wondering if IRS has given any info on small business/s corp passthrough deductions for 2018 tax year yet? Is it going to be better, worse, or about the same as before? :confused IRS has posted draft 1040 forms so while you may not what your QBI is (I couldn't find a draft worksheet for calcula...
by Pete3
Fri Jun 29, 2018 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 113
Views: 19178

Re: Umbrella Policy: Right amount for $7 mil net worth?

As been stated by others, your net worth has nothing to do with how much umbrella insurance you need and discussing it in those terms means you don't understand what umbrella coverage is. I'm not sure I agree with this. Seems to me that the more assets one has, the higher the umbrella coverage shou...
by Pete3
Thu Jun 28, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 113
Views: 19178

Re: Umbrella Policy: Right amount for $7 mil net worth?

I'm not sure I agree with this. Seems to me that the more assets one has, the higher the umbrella coverage should be. Shouldn't a person with $2 million in assets have more coverage than one with $20,000, even if both have the same liability risk? The millionaire simply has more to protect. There's...