Search found 1829 matches

by Bfwolf
Sat Jan 19, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Price-to-rent
Replies: 11
Views: 947

Re: Price-to-rent

In my uninformed opinion, I think 15 to 17 is probably "normal" as a price to rent ratio so I'd say you're probably not getting a steal nor getting screwed. The 28 P/R ratio mentioned above....man I don't know why people just don't rent. The only thing that can support such a ratio is expectation fo...
by Bfwolf
Sat Jan 19, 2019 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Hesitant to sell
Replies: 11
Views: 1237

Re: Hesitant to sell

I agree with Livesoft. I understand the desire for simplicity, but the S&P 500 fund you have is perfectly acceptable, and there's no need for you to pay what I'm guessing are thousands of dollars in capital gains taxes that you may NEVER have to pay (if you die before you sell them). Just don't rein...
by Bfwolf
Fri Jan 18, 2019 1:40 am
Forum: Personal Consumer Issues
Topic: What shelf liquor and your favorite cocktails?
Replies: 45
Views: 2745

Re: What shelf liquor and your favorite cocktails?

I am confident that if I made a cocktail with Tito's and made the exact same cocktail a few more times with bargain vodkas, very few of you would be able to identify the Tito's more often than chance dictates.

Well vodka. Always.
by Bfwolf
Wed Jan 16, 2019 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 30
Views: 3082

Re: 5 year CDs @Penfed mature 1/22/19

I finally pulled the trigger to renew my CDs on1/22 at Penfed to their 5 yr 3.4% IRA certificates. 5 and 10 yr treasuries are in low 2.70% range so this seems like a pretty good deal for fixed income money. Thanks to everyone who responded to my post. It may be too late, but Navy Federal is offerin...
by Bfwolf
Tue Jan 15, 2019 7:51 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65194

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I moved cash to TDA and then transferred in kind (ETFs and cash) to Fidelity, and had no fee charged. It was all done online. I think transferring from HSA Bank would be a more manual process. I had a -$2.50 balance from the Jan fee at HSA Bank when I called to close my account a few days ago, they...
by Bfwolf
Tue Jan 15, 2019 5:42 pm
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 92
Views: 7024

Re: Anyone here major in Economics in college?

At Berkeley, we see: Econ: Average starting salary: 71K - 16% seeking employment, 7% grad school https://career.berkeley.edu/sites/default/files/pdf/Survey/2017Econ.pdf Business: Average starting salary 77k, 8% seeking employment, 3% grad school https://career.berkeley.edu/sites/default/files/pdf/S...
by Bfwolf
Tue Jan 08, 2019 10:12 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal Credit Union 40 Month IRA CD 3.75%
Replies: 8
Views: 1188

Re: Navy Federal Credit Union 40 Month IRA CD 3.75%

I have a 3% APR IRA CD at Andrews Federal Credit Union with something like 55 months remaining...current balance is somewhere in the $107K region. I am pretty sure it's a 6 month EWP for breaking it. Would you guys break it and move the money to this CD? I'm 42 so many years away from accessing thi...
by Bfwolf
Tue Jan 08, 2019 12:11 am
Forum: Investing - Theory, News & General
Topic: Navy Federal Credit Union 40 Month IRA CD 3.75%
Replies: 8
Views: 1188

Re: Navy Federal Credit Union 40 Month IRA CD 3.75%

I have a 3% APR IRA CD at Andrews Federal Credit Union with something like 55 months remaining...current balance is somewhere in the $107K region. I am pretty sure it's a 6 month EWP for breaking it. Would you guys break it and move the money to this CD? I'm 42 so many years away from accessing this...
by Bfwolf
Mon Jan 07, 2019 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity 1035 and then withdraw over time?
Replies: 6
Views: 399

Re: Annuity 1035 and then withdraw over time?

For sure true marginal rate of the earnings withdrawals will need to be considered including SS taxation. But my understanding is that non-qualified annuities do not step up in cost basis upon death so it seems like 1035 exchange and then leaving it is a bad option, so those earnings have to come o...
by Bfwolf
Mon Jan 07, 2019 1:14 am
Forum: Investing - Help with Personal Investments
Topic: Annuity 1035 and then withdraw over time?
Replies: 6
Views: 399

Re: Annuity 1035 and then withdraw over time?

For sure true marginal rate of the earnings withdrawals will need to be considered including SS taxation. But my understanding is that non-qualified annuities do not step up in cost basis upon death so it seems like 1035 exchange and then leaving it is a bad option, so those earnings have to come out.
by Bfwolf
Sun Jan 06, 2019 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity 1035 and then withdraw over time?
Replies: 6
Views: 399

Annuity 1035 and then withdraw over time?

My friend's mom who lives in CA is 83 and was unfortunately sold a couple of variable annuities years ago. Account #1 has an annual cost of about 2%, a cash value of $467K and a surrender value of $456K vs a remaining cost basis of $324K. Annuity #2 has annual cost of 3.6%, a cash/surrender value of...
by Bfwolf
Sun Jan 06, 2019 5:54 pm
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 50
Views: 5267

Re: Making it easier to track posts from the OP

\ Edit 2: Or the bookmarklet could just run the search. javascript:(function(){ var str="./search.php?author="; str=str + $(".post").first().find(".username,.username-coloured").html().replace(/ /g,"+"); str=str+"&t="+$("#topic-search fieldset input[name='t']").attr("value"); str=str+"&sf=msgonly&s...
by Bfwolf
Thu Jan 03, 2019 3:49 am
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 50
Views: 5267

Re: Making it easier to track posts from the OP

Thanks LadyGeek! Much easier than CTRL F on multi-page threads. This is good enhancement. Thank you LadyGeek and team for implementing it! Question: is the way of searching through all of the OP's posts on a thread (as opposed to CTRL F) just scrolling down and looking by sight to see if there's an...
by Bfwolf
Fri Dec 28, 2018 2:39 am
Forum: Personal Consumer Issues
Topic: Best bet for streaming YouTube TV on my TV?
Replies: 27
Views: 2005

Re: Best bet for streaming YouTube TV on my TV?

I have a Roku Streaming Stick (NOT a Streaming Stick+). It's pretty great. As mentioned above, it can turn the TV on/off and control the volume which is a nice plus. It's "only" 1080p so if you want higher resolution, you need the +. The Roku user interface is excellent.
by Bfwolf
Tue Dec 25, 2018 1:19 am
Forum: Investing - Help with Personal Investments
Topic: Advice for "Little Old Lady" revised
Replies: 21
Views: 2626

Re: Advice for "Little Old Lady" revised

The great news here is that you have spending under control so are not at dire risk of going broke. The good news is that your broker/advisor has put you in pretty reasonable, low cost funds, better than what 95% of advisors would do probably. It could be simpler and we have no idea what you're bein...
by Bfwolf
Tue Dec 25, 2018 1:02 am
Forum: Personal Consumer Issues
Topic: Condor moved me from Business to Economy. Recourse?
Replies: 54
Views: 4899

Re: Condor moved me from Business to Economy. Recourse?

How many people have actually disputed a charge in a case like this and been successful? All. The. Time. The vendors have little recourse because, what are they going to do, stop taking credit cards? It’s not like the banks are out the money because when you file a chargeback they pull the money fr...
by Bfwolf
Mon Dec 24, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: I believe I underestimated my risk tolerance
Replies: 35
Views: 4715

Re: I believe I underestimated my risk tolerance

OP, what's a measly 5% more in stocks going to get you? You should probably start buying on margin and go 150% stocks. 8-)
by Bfwolf
Mon Dec 24, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Unable to do Regular or Backdoor Roths
Replies: 18
Views: 1235

Re: Unable to do Regular or Backdoor Roths

If you are going to retire to modest side gigs in 5 years, then it sounds like this solution is only needed for 5 years. After that, you'll have low enough income to contribute to Roth IRAs directly. It sounds like you may have some years during those 5 where you can contribute directly to a Roth IR...
by Bfwolf
Fri Dec 21, 2018 11:51 pm
Forum: Personal Consumer Issues
Topic: Condor moved me from Business to Economy. Recourse?
Replies: 54
Views: 4899

Re: Condor moved me from Business to Economy. Recourse?

Victoria, I'm sorry you are going through such nonsense. I hope you ignore the "school of hard knocks" suggestion above. I'm reasonably confident that with some persistence you can get all your money back.
by Bfwolf
Fri Dec 21, 2018 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: TLH during dividend season
Replies: 18
Views: 1123

Re: TLH during dividend season

Receiving the dividend before you sell is not a loss, because your capital loss is increased by the amount of the dividend (in addition to any gain or loss from market movements, which affects your taxes even if you sell one stock fund to buy another). I think it depends on what's personal capital ...
by Bfwolf
Tue Dec 18, 2018 3:19 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 302
Views: 39302

Re: TurboTax Prices

I'm frustrated that apparently some of the forms are not available yet for Turbotax Home & Business because the IRS has not yet released them. I wanted to put in my 2018 numbers and see if it makes sense for me to do a partial IRA conversion with the new tax laws. I guess I'll have to do that estima...
by Bfwolf
Mon Dec 17, 2018 12:37 am
Forum: Investing - Help with Personal Investments
Topic: What is a good very safe Vanguard fund?
Replies: 17
Views: 2401

Re: What is a good very safe Vanguard fund?

Don't keep more than $250K in any one bank and it's all FDIC insured--as close to 0 risk as you can get. It was my understanding if you are married or joint account could have up to $750k. Is this not correct? Q: Can I have more than $250,000 of deposit insurance coverage at one FDIC-insured bank? ...
by Bfwolf
Sun Dec 16, 2018 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k has no bond index fund options
Replies: 15
Views: 1122

Re: My 401k has no bond index fund options

Why homebrew it? Just use the TD fund.
by Bfwolf
Sun Dec 16, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: What is a good very safe Vanguard fund?
Replies: 17
Views: 2401

Re: What is a good very safe Vanguard fund?

If you know you don't need the money for at least a year, buy a CD at 2.65% interest. Don't keep more than $250K in any one bank and it's all FDIC insured--as close to 0 risk as you can get. Some options: https://www.ally.com/bank/high-yield-cd/ https://www.synchronybank.com/banking/cd/ https://www....
by Bfwolf
Sat Dec 15, 2018 3:21 am
Forum: Investing - Help with Personal Investments
Topic: Retiring next year, would appreciate some advice
Replies: 30
Views: 2973

Re: Retiring next year, would appreciate some advice

Regarding your concentrated position in Megacorp, you may want to talk to a FA about prepaid forward contract. It may cost you about 6% in total but you get 1-downside protection, 2-you keep the dividends during the contract term & 3-you participate in any stock appreciation https://en.wikipedia.or...
by Bfwolf
Fri Dec 14, 2018 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring next year, would appreciate some advice
Replies: 30
Views: 2973

Re: Retiring next year, would appreciate some advice

Of all your questions, the only one that REALLY matters is your 401k. You can make the wrong decision on all the other ones, and be fine. If your company stock goes into the toilet, so do you. Diversify now. Like on Monday. Do not wait another day. Sell ALL your company stock and buy a Target Retire...
by Bfwolf
Fri Dec 14, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: [Anyone drop cable for YouTube TV?]
Replies: 89
Views: 5348

Re: [Anyone drop cable for YouTube TV?]

I agree with others--YTTV is a great service. I do find that just flipping through a guide to see what's on is not as easy, but they do tend to show you the shows you might be most interested in that are on live which is cool. I love that I can just plug my favorite sports team in once and it will r...
by Bfwolf
Wed Dec 12, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3178
Views: 616666

Re: What's Your Credit Card Rewards Strategy?

The true bargain in Cathay awards is with Alaska miles. If one wanted, one could fly first class from USA to Hong Kong, layover as long as one wanted, and then fly to South Africa in business class for a total of 70K miles one way. :shock: Eh!?? :happy Are seats (er, beds) actually available? Does ...
by Bfwolf
Wed Dec 12, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3178
Views: 616666

Re: What's Your Credit Card Rewards Strategy?

The true bargain in Cathay awards is with Alaska miles. If one wanted, one could fly first class from USA to Hong Kong, layover as long as one wanted, and then fly to South Africa in business class for a total of 70K miles one way.
by Bfwolf
Wed Dec 12, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3178
Views: 616666

Re: What's Your Credit Card Rewards Strategy?

Would appreciate some advice: The 4 credit cards I have/use are: 1. Amex platinum 2. Amex gold 3. Amex blue cash preferred 4. Barclay mastercard (only use this when Amex is not accepted) As you can see, I am a heavy Amex user. I have about 580,000 amex points, which I am coming to realize might not...
by Bfwolf
Wed Dec 12, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 4093

Re: Donate to homeless?

I don't there's a right or wrong answer to this. Except for the vanishingly rare people who give straight-ticket to GiveWell-recommended top charities, almost nobody focuses their charitable giving purely on maximization of positive impact to the world. There's always some mix of doing good and exp...
by Bfwolf
Tue Dec 11, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Who should be the owner of a 529 Plan for my nephew?
Replies: 14
Views: 1240

Re: Who should be the owner of a 529 Plan for my nephew?

If you think there will be an impact on financial aid for your own children if you are the owner, could your mother-in-law or father-in-law (grandparents of the beneficiary) be the owner? If they are not in FL, maybe they have the chance for a tax benefit from their contributions? With a third part...
by Bfwolf
Tue Dec 11, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3178
Views: 616666

Re: What's Your Credit Card Rewards Strategy?

Something else that I'm sure a lot of people missed: for a few hours on Tuesday, it was possible to cash out Hilton Honors Points at 0.5¢ through Amazon. It was some kind of glitch and the second time it has happened. I cashed out almost 300K points for an Amazon e-gift card. The DoC post showed up...
by Bfwolf
Tue Dec 11, 2018 3:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3178
Views: 616666

Re: What's Your Credit Card Rewards Strategy?

Would appreciate some advice: The 4 credit cards I have/use are: 1. Amex platinum 2. Amex gold 3. Amex blue cash preferred 4. Barclay mastercard (only use this when Amex is not accepted) As you can see, I am a heavy Amex user. I have about 580,000 amex points, which I am coming to realize might not...
by Bfwolf
Tue Dec 11, 2018 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Who should be the owner of a 529 Plan for my nephew?
Replies: 14
Views: 1240

Re: Who should be the owner of a 529 Plan for my nephew?

If you think there will be an impact on financial aid for your own children if you are the owner, could your mother-in-law or father-in-law (grandparents of the beneficiary) be the owner? If they are not in FL, maybe they have the chance for a tax benefit from their contributions? I like this idea ...
by Bfwolf
Thu Dec 06, 2018 2:20 am
Forum: Investing - Theory, News & General
Topic: The overwhelming majority lose in a zero-sum trading game.
Replies: 52
Views: 5375

Re: The overwhelming majority lose in a zero-sum trading game.

This post caused me (who's fairly ignorant about stats) to glance through several wikipedia articles. I think I understand the gist of the OP now. Thanks for sharing.
by Bfwolf
Mon Dec 03, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: What is the lowest 'safe' emergency fund we should have?
Replies: 40
Views: 3976

Re: What is the lowest 'safe' emergency fund we should have?

Please consider the opportunity cost of doing what KlangFool suggests and keeping a year of expenses ($75K) as an emergency fund. Let's say that money earns 0% real annually in a savings account versus 3% real annually in an investment account for the next 35 years. The savings account will finish ...
by Bfwolf
Mon Dec 03, 2018 12:01 am
Forum: Investing - Help with Personal Investments
Topic: What is the lowest 'safe' emergency fund we should have?
Replies: 40
Views: 3976

Re: What is the lowest 'safe' emergency fund we should have?

OP, Every time there is an emergency fund thread KlangFool shows up with this same line of logic. His perspective is worthwhile, but I agree with pretty much every other poster on this thread: you don't need a separate emergency fund. Please consider the opportunity cost of doing what KlangFool sugg...
by Bfwolf
Sun Nov 11, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: HSA How do I invest?
Replies: 8
Views: 1107

Re: HSA How do I invest?

You can open an HSA investment account with TD Ameritrade through the Investment link on your HSA Bank account. TD Ameritrade has some commission free ETFs which are perfect for an HSA where you may be investing relatively small amounts frequently. SPTM is the Total Stock Market ETF. https://researc...
by Bfwolf
Sat Oct 27, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9437

Re: Girlfriend's Student Loans

OP,

I think some of the responses on this board have brought to light more questions which I think you should answer to get good advice.

1) How old is your gf?

2) How much does she make?

3) What is the interest rate and duration of her loan?
by Bfwolf
Sat Oct 27, 2018 3:48 pm
Forum: Personal Consumer Issues
Topic: What is a reasonable housecleaning cost?
Replies: 27
Views: 2515

Re: What is a reasonable housecleaning cost?

I pay $75 once every 2 weeks to have my 1000 sq ft 1BR condo in Chicago cleaned. A data point for the city dwellers. :D
by Bfwolf
Fri Oct 19, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Namibia question
Replies: 11
Views: 1049

Re: Namibia question

Would this trip take place during Northern Hemisphere Summer?
by Bfwolf
Thu Oct 18, 2018 5:45 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 11057

Re: Should we move to San Diego from east coast?

I live about 22 miles north of downtown San Diego. There most certainly are wildfires in my area. In fact in October 2007 my house burned down along with 362 others in my planned community area. It was called the "Witch Creek Fire". I think in all, 1400 homes were totally lost in the Witch Creek Fi...
by Bfwolf
Thu Oct 18, 2018 12:47 am
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 11057

Re: Should we move to San Diego from east coast?

My wife and I make a combined ~$195k in San Diego. We're able to comfortably save ~30% of our gross income by renting in University City, which is 15 minutes to just about everywhere. I have an easy 1-exit/15 minute commute to work and my wife walks to work. Weekends are spent in Balboa Park, Missi...
by Bfwolf
Wed Oct 17, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 11057

Re: Should we move to San Diego from east coast?

We are in the suburbs of Philadelphia, and annual combined income of 195k. Our family lives in La Jolla and we surely would be looking at towards north country, SD. La Jolla is too expensive, we are seriously thinking about it but the plan is to move in a year or so if we do. Trying to see if we ca...
by Bfwolf
Wed Oct 17, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 11057

Re: Should we move to San Diego from east coast?

I used to live in San Diego, and my family still does so I visit often. Real concerns about San Diego: the cost of living (especially housing), jobs (if you're not in the few industries SD is known for), culture (could be a pro or a con depending on what you want but the culture is different from ot...
by Bfwolf
Fri Oct 12, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Best Roth Provider For Low $s
Replies: 8
Views: 436

Re: Best Roth Provider For Low $s

Use Schwab. There is another exception besides the $100 automatic monthly transfer. 5. The $1,000 minimum required to open an account is waived if you set up an automatic monthly transfer of $100 through direct deposit or Schwab MoneyLink® or open a Schwab Bank High Yield Investor Checking® account...
by Bfwolf
Fri Oct 12, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Best Roth Provider For Low $s
Replies: 8
Views: 436

Re: Best Roth Provider For Low $s

Use Schwab. There is another exception besides the $100 automatic monthly transfer. 5. The $1,000 minimum required to open an account is waived if you set up an automatic monthly transfer of $100 through direct deposit or Schwab MoneyLink® or open a Schwab Bank High Yield Investor Checking® account...
by Bfwolf
Fri Oct 12, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Best Roth Provider For Low $s
Replies: 8
Views: 436

Best Roth Provider For Low $s

I have several nephews and nieces in their late teens/early 20s that have some income from work and I'd like to have them start Roth IRAs, and I can put in a couple hundred dollars as seed money, just to get them in the habit of thinking about saving for retirement and seeing how investments can gro...
by Bfwolf
Fri Oct 12, 2018 12:01 am
Forum: Personal Consumer Issues
Topic: Which one: Lyft or Uber?
Replies: 57
Views: 4448

Re: Which one: Lyft or Uber?

Get both. It allows you to price compare. Both increase prices when demand outstrips supply but sometimes one is experience a higher surge in price than the other. If you are going to NYC, download Via also. It's a shared ride where you might be with other passengers (like Uber pool) and it picks u...