Search found 2029 matches

by Bfwolf
Mon Sep 21, 2020 9:24 pm
Forum: Personal Investments
Topic: Is retirement in 2 years possible?
Replies: 43
Views: 5306

Re: Is retirement in 2 years possible?

It's not worth working several more years just to avoid the possibility of a reasonable expense haircut in a relatively unlikely scenario. That really depends on your job and how demanding/annoying it is, and also on how painful the potential expense haircut might be. For example, if this haircut w...
by Bfwolf
Mon Sep 21, 2020 4:09 pm
Forum: Personal Investments
Topic: Is retirement in 2 years possible?
Replies: 43
Views: 5306

Re: Is retirement in 2 years possible?

If the OP limits how much they withdraw from their pre-tax accounts in early retirement, they can also take advantage of ACA subsidies to reduce their health care costs. I have difficulty imagining they don't have enough to retire. Human beings are very adaptable and in a bad case scenario, I'm sure...
by Bfwolf
Fri Sep 18, 2020 8:05 pm
Forum: Investing - Theory, News & General
Topic: Variable Universal Life Insurance Experts - Seems Like a No Brainer - Please Read
Replies: 90
Views: 4410

Re: Variable Universal Life Insurance Experts - Seems Like a No Brainer - Please Read

OP has trolled this board twice with this post, and people are still responding?

He refuses to post the number but says the numbers show the VUL is better.

Stop feeding the troll.
by Bfwolf
Thu Sep 17, 2020 1:27 am
Forum: Personal Investments
Topic: 529 Advice for California Resident
Replies: 18
Views: 1581

Re: 529 Advice for California Resident

This is what scholarshare529 says (https://www.scholarshare529.com/plan/details.shtml#details-10): While contributions are not deductible for California income tax purposes, earnings accrue free of state income tax. Any withdrawals used for qualified higher education expenses and outgoing rollovers...
by Bfwolf
Wed Sep 16, 2020 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: ethics concern with trust
Replies: 68
Views: 4173

Re: ethics concern with trust

If I were you, I think this is what I would do: 1) See if you can convince your siblings to split the $25,000 owed to your step-siblings and just give them the money with an explanation that this is their money and the broker messed up. I imagine they would be very thankful, though it's always possi...
by Bfwolf
Wed Aug 26, 2020 9:55 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11699

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

I think any young investor who thinks they understand their risk tolerance because of what happened this year is fooling themselves. 2008/9 was much worse. Bear Sterns and Lehman failed . Many of the giants of the financial industry were in deep trouble. A total collapse of the entire economy seemed...
by Bfwolf
Tue Aug 25, 2020 9:35 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11699

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

Seeing all the love for 100% stock portfolios makes me nervous. I don't remember anybody pushing those portfolios in 2009.
by Bfwolf
Mon Aug 24, 2020 1:27 pm
Forum: Personal Consumer Issues
Topic: Can any people who shop/deliver for Instacart give me a shoppers-eye view...
Replies: 17
Views: 2145

Re: Can any InstaCart shoppers give me a shoppers-eye view...

I think perhaps you need to retitle your post as "Can any InstaCart employees." When I see "InstaCart shoppers" I think people like you who are doing their grocery shopping on Instacart.
by Bfwolf
Sun Aug 09, 2020 7:22 pm
Forum: Personal Consumer Issues
Topic: Looking for a $500 new office chair
Replies: 33
Views: 2268

Re: Looking for a $500 new office chair

When I started working from home in 2014, I had a crappy office chair. I did permanent damage that I can NEVER fix due to not springing for a good office chair out of the gates. It's nothing life changing but I can't sit on any soft cushion for anything longer than 15 minutes before it starts hurtin...
by Bfwolf
Thu Jul 30, 2020 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: I agree that Investing is better than paying off mortage but.....
Replies: 75
Views: 6911

Re: I agree that Investing is better than paying off mortage but.....

Man....this forum is great but now i cannot figure out what to do. Our current house payment is $1086....once we pay it off my taxes would be $330 a month so basically once I pay off the house I free up an additional $740 a month. But as others have pointed out investing all that cash each month ca...
by Bfwolf
Wed Jul 29, 2020 3:30 pm
Forum: Personal Consumer Issues
Topic: How dead is dead? (USPS mail)
Replies: 60
Views: 6669

Re: How dead is dead? (USPS mail)

All right, it's true! Of course nobody needs mail. What do you think, you're so clever for figuring that out?
by Bfwolf
Wed Jul 29, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Now is not a Good Time to Buy SPIAs
Replies: 17
Views: 1309

Re: Now is not a Good Time to Buy SPIAs

The thing is, the market does not expect interest rates to rise significantly. Not just in the short term, but the intermediate-long term. The one year treasury rate is 0.12%, the 10 year is 0.58%, and even the 30 year is only 1.24%. The market expects low interest rates for the foreseeable future.
by Bfwolf
Thu Jul 23, 2020 3:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Individual 401K now offering Admiral funds
Replies: 68
Views: 8430

Re: Vanguard Individual 401K now offering Admiral funds

I called and had Flagship rep convert my i401(k) to Admiral shares (all in Wellesley) a month ago. Today, I saw a transaction reversing the conversion! I called and they stated they made a mistake and that Wellesley was not eligible for Admiral in i401(k), only index funds. Anyone else had this occ...
by Bfwolf
Sun Jul 19, 2020 3:48 pm
Forum: Personal Consumer Issues
Topic: Received wrong chair from Herman Miller
Replies: 30
Views: 3192

Re: Received wrong chair from Herman Miller

Send them a message from their website or tweet at them. This is a company that prides itself on its customer service. They are also probably getting destroyed right now by lack of demand since they supply so many offices, so they don't want to lose a customer here.
by Bfwolf
Sun Jul 19, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Chase IHG - pay $49 annual fee or cancel?
Replies: 33
Views: 2150

Re: Chase IHG - pay $49 annual fee or cancel?

Anybody thinking about cancelling this card, I'll happily give you $50 a year for your free night. :wink:
by Bfwolf
Wed Jul 15, 2020 10:41 pm
Forum: Personal Consumer Issues
Topic: iPhone 4 won't reset
Replies: 15
Views: 840

Re: iPhone 4 won't reset

The latest and great iOS is iOS 13. iPhone 4s haven't been supported since iOS 7.

OP, it's well past time to get a new phone. I recommend the new iPhone SE, which can be had for as low as $399.
by Bfwolf
Sat Jul 11, 2020 11:27 am
Forum: Personal Consumer Issues
Topic: Who is your favorite fiction author and what is your favorite book of theirs?
Replies: 161
Views: 9538

Re: Who is your favorite fiction author and what is your favorite book of theirs?

zanerta wrote: Fri Jul 10, 2020 6:55 pm Mother Night by Vonnegut and Catch-22 by Joseph Heller
We might be book soul mates. I was going to say that Catch 22 is my favorite book, but my favorite author is Vonnegut and my favorite book of his is Mother Night.
by Bfwolf
Fri Jul 10, 2020 11:46 pm
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 182
Views: 11486

Re: Were You Around During Dotcom Bubble?

I was a young kid out of college, put something like $5000 in a Roth IRA and bought Cisco, thinking this was the blue chip of tech stocks. It went up, and then went down to about $2,000. Fantastic lesson for me at a reasonably affordable price. As to applicability to current situation, I gave up try...
by Bfwolf
Thu Jul 09, 2020 1:04 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods vs. Airpods Pro?
Replies: 33
Views: 2235

Re: Apple Airpods vs. Airpods Pro?

I have the Airpods Pro, which I like a lot.

I think the biggest difference is the noise cancellation feature. How much you value that will likely determine which you should buy. For me, this was a big deal, especially for airplanes.
by Bfwolf
Thu Jun 11, 2020 9:20 pm
Forum: Personal Consumer Issues
Topic: 2 cars, one driver. Should I sell one?
Replies: 45
Views: 3071

Re: 2 cars, one driver. Should I sell one?

If you only had one, would you buy the other? If not, sell the other.
by Bfwolf
Sat Jun 06, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10684

Re: Girlfriend paying rent

If you can really rent the equivalent of your house for $1,500 a month, then my suggestion is sell your house and do that, and split the rental cost with the gf. Your house is way over-valued at $600K+ if it's only worth $1,500 a month in rent.
by Bfwolf
Sat Jun 06, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10684

Re: Girlfriend paying rent

I am stunned that a house that was worth ~$600K in 2018 (so now more surely) only rents for $1,500 (her $750 being fair market value for half). Are Bay Area SoCal home prices that insane? A 33X+ annual rent multipler?
by Bfwolf
Thu Jun 04, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Stick with Term Insurance?
Replies: 29
Views: 1896

Re: Should I Stick with Term Insurance?

If you got a good deal on the term life insurance the first time (which I don't know if you did or not), then you should call it quits on buying life insurance. You have enough given where you guys are in life. You and your wife both work. Once the kids are out of the house, the other will be fine i...
by Bfwolf
Sun May 31, 2020 2:36 am
Forum: Personal Investments
Topic: Usefulness of VNYTX (Vanguard New York Long-Term Tax-Exempt Mutual Fund)
Replies: 3
Views: 476

Re: Usefulness of VNYTX (Vanguard New York Long-Term Tax-Exempt Mutual Fund)

If you graph VNYTX vs VWIUX (intermediate tax exempt for the entire country) and VBTLX (total bond market index), you can see some trends. There's history on all these fund back through 1986 so quite a lot of data to glean. Certainly from least risky to most risky it's VBTLX VWIUX VNYTX. Having said...
by Bfwolf
Tue May 26, 2020 3:40 am
Forum: Personal Consumer Issues
Topic: which iPhone?
Replies: 32
Views: 2172

Re: which iPhone?

thank you all. I went for the iPhone 11 Pro Max. It's expensive, but hopefully worth it. And oldcomputerguy, I love the quote in your signature. Isaac Jaffee, right? One of my favorite shows of all time. I'll post a review when it arrives. Hopefully, Thursday. Peter I think this is a reasonable dec...
by Bfwolf
Sat May 23, 2020 12:47 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39271

Re: The axe falls and I am prepared. What's next?

Folks, I am asking two separate questions: A) Under what financial condition, it is rewarding for me to take on part-time project work. At this moment, it looks like anything less than $90 per hour is not worthwhile. B) Under what non-financial condition, would you go back to work? KlangFool A) Fro...
by Bfwolf
Fri May 22, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39271

Re: The axe falls and I am prepared. What's next?

Sorry to hear about the layoff, Klangfool. I concur with the majority. As long as your wife keeps working, you are in good shape to retire. At some point maybe you'll get bored and start something on the side that brings in a little extra cash too, but it's not necessary. Once SS kicks in, it's goin...
by Bfwolf
Fri May 22, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year Term Life insurance—keep or renew?
Replies: 21
Views: 1436

Re: 20 year Term Life insurance—keep or renew?

I would have no issue using Sagicor. I tend to agree that you're better off just buying a new $1.25MM policy at a cheaper rate than holding the 2 separate policies, but Valuethinker's point about the advantage of being able to drop 1 of the policies if you hold 2 is true. Honestly, either way you go...
by Bfwolf
Wed May 20, 2020 2:10 am
Forum: Personal Finance (Not Investing)
Topic: 20 year Term Life insurance—keep or renew?
Replies: 21
Views: 1436

Re: 20 year Term Life insurance—keep or renew?

Dropping the current policy sounds questionable since you've paid for the risk-adjusted "worst" years already. I would definitely not drop it for a new 20 year policy of the same amount. $750K also sounds like you are under-insured in the early years. If you died tomorrow, would your wife and kids b...
by Bfwolf
Tue May 19, 2020 3:57 am
Forum: Personal Consumer Issues
Topic: Sources for N95 masks
Replies: 44
Views: 3658

Re: Sources for N95 masks

Getting an N95 mask with the respirator is perfect for the plane if you wear another regular mask over the top of it.

Have you tried asking your social media network? I bet somebody you know has a stash of N95s and would spare you one.
by Bfwolf
Tue May 19, 2020 3:50 am
Forum: Personal Finance (Not Investing)
Topic: Opinion on Relocating from IL to FL Central Gulf Coast Condo
Replies: 46
Views: 3551

Re: Opinion on Relocating from IL to FL Condo

I don't think you are being selfish. I also think you have enough funds to do what you want to do (probably). Florida in the Summer is going to be fairly miserable. I guess my first question is what don't you like about what you're doing now--Summering in Illinois and Wintering in Florida. Why the c...
by Bfwolf
Sun May 17, 2020 6:15 pm
Forum: Personal Consumer Issues
Topic: June vacation
Replies: 29
Views: 3930

Re: June vacation

Have you considered growing a mustache instead? It'll be like a vacation from yourself.
by Bfwolf
Thu May 14, 2020 4:48 pm
Forum: Personal Consumer Issues
Topic: Anyone booking flights for 2021 travel?
Replies: 68
Views: 5522

Re: Anyone booking flights for 2021 travel?

I'm holding out. I am going to have a bunch of frequent flyer miles orphaned with different programs due to transferring miles in from programs like Amex and Citi....58K miles at Aeroplan, 30K at Lifemiles, 30K at Turkish. I'm hoping to use them at the next available opportunity, but getting some of...
by Bfwolf
Wed May 06, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best uses of Chase Ultimate Rewards Points
Replies: 28
Views: 3932

Re: Best uses of Chase Ultimate Rewards Points

3 options, from highest to lowest complexity but also potentially highest to lowest value 1) Transfer to an airline and book Int'l business class. Now that United has gone to dynamic award pricing, it's trickier to find outsized value with them but still possible. If you want to go to Japan, Virgin ...
by Bfwolf
Wed May 06, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 828
Views: 108227

Re: Best CD rates thread

So the Navy Federal 3% IRA certificate special is over, but I rolled some money over prior to that and found out something I wasn't aware of before. I already had ~$110K in a ~3.6% IRA certificate with them that matures June 2022. They put $40K of my rollover into this certificate to bring it up to ...
by Bfwolf
Tue May 05, 2020 5:06 am
Forum: Personal Consumer Issues
Topic: September Kenya Travel
Replies: 31
Views: 1912

Re: September Kenya Travel

This is a tricky one! Pros of canceling If the company goes under due to reduced tourism, you've got 90% of your money back. For September 2021, prices may be 90% (or lower) of what they were when you booked for 2020. People may not just flock back to travel in countries with inferior health care sy...
by Bfwolf
Mon May 04, 2020 3:14 am
Forum: Personal Finance (Not Investing)
Topic: 529: Your favorite low cost one?
Replies: 77
Views: 4970

Re: 529: Your favorite low cost one?

Thanks for all the answers, very helpful. You have changed my thinking: A $300 dollar OR tax credit probably outweighs >> any savings I would be incurring moving from OR (0.30% overall expense) to CA (0.15% overall expense). Is this correct? I think this is true for your first $6,000 contributed pe...
by Bfwolf
Fri May 01, 2020 3:47 am
Forum: Personal Investments
Topic: Mother has only $85K to sustain her
Replies: 81
Views: 8346

Re: Mother has only $85K to sustain her

I'd like to add my voice to the SPIA chorus. They were made for situations like this. You don't have to put the entire $85K in it, but putting in enough to cover the $500 shortfall would help a ton. Your Mom would get checks every month that cover her expenses and her mandate would be to only spend ...
by Bfwolf
Fri May 01, 2020 3:17 am
Forum: Personal Finance (Not Investing)
Topic: 529: Your favorite low cost one?
Replies: 77
Views: 4970

Re: 529: Your favorite low cost one?

Why don't you feel like the $300 tax credit merits using OR's plan? All-in expense ratios for the target year plans are 0.3% which is more than other states, but not bad if you're getting a $300 tax credit every year. I would consider putting in the minimum to get the $300 tax credit and then puttin...
by Bfwolf
Thu Apr 30, 2020 3:03 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 828
Views: 108227

Re: Best CD rates thread

Navy Federal is still advertising the 3% 37 month IRA certificate. With 3 year Treasury rates at .31%, this is an incredible deal, right? My understanding is that if you or an immediate relative has never served or worked for the DOD , membership is impossible, correct? Is there no simple back door...
by Bfwolf
Thu Apr 30, 2020 3:01 am
Forum: Personal Finance (Not Investing)
Topic: Drivers license Cancelled
Replies: 48
Views: 5624

Re: Drivers license Cancelled

Just to reiterate earlier comments, you do NOT need an ID to get through TSA. I once forgot my license at home and went through just fine. And then had to go through again when coming home. It does require extra time so get to the airport early. But I suspect that your FL license will work just fine...
by Bfwolf
Sun Apr 26, 2020 8:11 pm
Forum: Personal Investments
Topic: could this be a problem with Ally online savings accts?
Replies: 14
Views: 2605

Re: could this be a problem with Ally online savings accts?

BND is an investment grade bond fund, no junk bonds.

Not using Ally because of a junk credit rating is silly. Of all the reasons to choose or not choose a bank, that would be at the bottom of my list.
by Bfwolf
Sat Apr 25, 2020 2:55 am
Forum: Personal Consumer Issues
Topic: [how to help ill father-in-law who lives 1000 miles away]
Replies: 18
Views: 2148

Re: Unfortunate cancer diagnosis

I'm very sorry to hear this about your father-in-law. If you've been sheltering at home, aren't you effectively quarantined? Drive out there and don't interact with anybody along the way? Pay for gas by credit card and apply hand sanitizer immediately after. You can do 1000 miles in one monster day ...
by Bfwolf
Tue Apr 21, 2020 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Need Term Life Insurance: Not Sure How to Proceed
Replies: 10
Views: 657

Re: Need Term Life Insurance: Not Sure How to Proceed

Go to term4sale.com or insuringincome.com. Type in your info. Go with the cheapest option with decent credit rating. I've worked with the guys from insuringincome.com and they are honest.
by Bfwolf
Tue Apr 21, 2020 12:31 am
Forum: Investing - Theory, News & General
Topic: Does VTIAX actually hold stocks?
Replies: 13
Views: 1488

Re: Does VTIAX actually hold stocks?

Kind of... The distinction may or may not make a difference, why do you ask? Ethical, some of those companies I'd prefer not to invest in. But my argument may be irrational, since I'm sure VTSAX also invests in companies within which I wouldn't approve of their practices. When you buy a stock post-...
by Bfwolf
Tue Apr 21, 2020 12:24 am
Forum: Personal Finance (Not Investing)
Topic: How concerned should I be about being over the FDIC Insurance Limit
Replies: 11
Views: 1220

Re: How concerned should I be about being over the FDIC Insurance Limit

If your bank fails, you're out $500K. That's an awful lot of money, even for a low likelihood event. If I even believed the chances were 1 in 1000 my bank would fail (which I think is true of all banks), I'd spread it out.
by Bfwolf
Thu Apr 16, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4778
Views: 919906

Re: What's Your Credit Card Rewards Strategy?

I just finished the minimum spend on an Amex Platinum and collected the 100K MR bonus. Now I have all these points and no practical way of using them. I have to admit, in this day and age of travel uncertainty, cash (back) remains king! I feel your pain. But presuming you still have a while until t...
by Bfwolf
Tue Apr 14, 2020 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4778
Views: 919906

Re: What's Your Credit Card Rewards Strategy?

Question for more experience CC optimizers.. I had Amex platinum opened last year for the bonus. Used the miles for the flight to Japan which is not happening anymore. I got reimbursed and now have about $1500 in Amex credit. The problem is that I need to close the card by mid/end of April before t...
by Bfwolf
Tue Apr 14, 2020 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4778
Views: 919906

Re: What's Your Credit Card Rewards Strategy?

I'm pretty excited that after years of being unable to get Chase cards, I've finally dropped below 5/24 and picked up a Chase Ink Preferred off a buddy's referral--got 80K URs coming my way once I figure out how to spend $5K during lockdown lol. I have just finished bonus spending on Chase United B...