Search found 2005 matches

by Bfwolf
Tue May 26, 2020 3:40 am
Forum: Personal Consumer Issues
Topic: which iPhone?
Replies: 28
Views: 1680

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: 343
Views: 24741

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: 343
Views: 24741

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: 1298

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: 1298

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: 3422

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: 35
Views: 2556

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: 21
Views: 2284

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: 27
Views: 2337

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: 3826

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: 656
Views: 86596

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: 1803

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: 4582

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: 8118

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: 4582

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: 656
Views: 86596

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: 5443

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: 2515

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: 2105

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: 608

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: 4
Views: 601

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: 1182

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: 4647
Views: 897201

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: 4647
Views: 897201

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: 4647
Views: 897201

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...
by Bfwolf
Mon Apr 13, 2020 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86596

Re: Best CD rates thread

2 new "deals" from Navy Federal CU for those who are eligible: - 17 month 2.25% - 37 month IRA/ESA only 3% Either can be opened for a minimum of $50 and added to up to $75K (17 mo) or $150K (37 mo IRA/ESA) So you could open one now and add to it when/if you have the money later. Membership eligibil...
by Bfwolf
Mon Apr 13, 2020 3:43 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897201

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.
by Bfwolf
Sun Apr 12, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 12925

Re: Executive pay cut request: How to respond?

Thank you all for the replies. It helps me to understand the different perspectives and complexities involved. I agree that asking for reduced hours is not a good idea. It is, however, the reality of work-from-home with kids that my attention is divided. I'm going to do what it takes to keep my fam...
by Bfwolf
Sat Apr 11, 2020 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Executive pay cut request: How to respond?
Replies: 130
Views: 12925

Re: Executive pay cut request: How to respond?

Market Timer, This is definitely a tough one. Please ignore the people trying to make you feel guilty. Your job here is to do what is best for you. I'm sure you already knew that. I agree with the general sentiment that asking for a reduction in hours equivalent to the pay reduction is probably not ...
by Bfwolf
Wed Apr 08, 2020 9:21 pm
Forum: Personal Consumer Issues
Topic: Should I cancel my travel in France and Belgium in mid May?
Replies: 75
Views: 5546

Re: Should I cancel my travel in France and Belgium in mid May?

y I've got an award flight to Japan for the Olympics with AA miles (JAL metal). Olympics aren't happening, so I'm not going. But I don't think AA has the same policy as United just yet on award cancellation? AA just extended waivers through the summer, and while the official announcement doesn’t ta...
by Bfwolf
Wed Apr 08, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get a credit card? Which?
Replies: 21
Views: 1148

Re: Should I get a credit card? Which?

if you just want 1 card here is what I'd recommend. Sign up for the Citi Premier card that comes with a 60k bonus and a $95 annual fee. Collect the bonus -- you can use the points towards gift cards at 1pt = $0.01 or you can use them to purchase a plane ticket or hotel stay at 1pt = $0.0125. At the...
by Bfwolf
Wed Apr 08, 2020 3:50 pm
Forum: Personal Consumer Issues
Topic: Should I cancel my travel in France and Belgium in mid May?
Replies: 75
Views: 5546

Re: Should I cancel my travel in France and Belgium in mid May?

I have a whole series of airline tickets for this Summer, mostly with miles, that I'm going to have to cancel at some point. I am taking no action now. Why would I? I want $s, not vouchers, and I don't want to pay cancellation fees. Let's see how this plays out. Depending on the airline and the dat...
by Bfwolf
Wed Apr 08, 2020 3:37 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 224
Views: 13320

Re: Coronavirus Flight Cancel Thread

1.Yes 2. Turkish Airlines 3. Points award, was able to cancel for no charge due to them moving my flight two days later. 4. Phone 5. Phone as that was the only option I could find 6. Turkish gets the award for being the easiest to deal with. Got through on phone in under five minutes and refund was...
by Bfwolf
Tue Apr 07, 2020 7:33 pm
Forum: Personal Consumer Issues
Topic: Should I cancel my travel in France and Belgium in mid May?
Replies: 75
Views: 5546

Re: Should I cancel my travel in France and Belgium in mid May?

I have a whole series of airline tickets for this Summer, mostly with miles, that I'm going to have to cancel at some point. I am taking no action now. Why would I? I want $s, not vouchers, and I don't want to pay cancellation fees. Let's see how this plays out.
by Bfwolf
Tue Apr 07, 2020 7:25 pm
Forum: Personal Consumer Issues
Topic: Charity during the pandemic
Replies: 73
Views: 4460

Re: Charity during the pandemic

Bfwolf, 1) I starved regularly through childhood. 2) I lost my father during my childhood. But, this is normal in my community during my parent generation. My father's generation had a life expectancy of 55 years old. My mother had to raise 6 children on her own. <<If so, I am wondering how you got...
by Bfwolf
Tue Apr 07, 2020 4:02 pm
Forum: Personal Consumer Issues
Topic: Charity during the pandemic
Replies: 73
Views: 4460

Re: Charity during the pandemic

+1. It's hard for me to get behind the "charity is more important than ever" train of thought. There are hundreds of millions of people living in extreme poverty on a daily basis, with poor access to the basic resources most of us take for granted, crisis or not. Bfwolf, I disagreed. I came from th...
by Bfwolf
Tue Apr 07, 2020 2:56 am
Forum: Personal Consumer Issues
Topic: Charity during the pandemic
Replies: 73
Views: 4460

Re: Charity during the pandemic

I also have the DAF principally for tax purposes (bunch donations to 'waste' fewer of them tax-wise exceeding the standard deduction amount). However there remains IMO little logic from any given individual's POV to change giving level depending on current events. I know that's counterintuitive for...
by Bfwolf
Mon Apr 06, 2020 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Another college choice question
Replies: 28
Views: 1558

Re: Another college choice question

Did your son apply to UT-Austin, which has a highly ranked CS program?
by Bfwolf
Fri Apr 03, 2020 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 7640

Re: College choice dilemma

Hence if CS is your goal, I think to maximize chances, attending the most expensive school (if the school name is known everywhere) makes the most sense currently. The differences are wild if you can leverage school brand properly (it can make up for your 'deficiencies'). Might it also amplify your...
by Bfwolf
Fri Apr 03, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 7640

Re: College choice dilemma

Sure, studies can be nit picked. But when I was pondering these questions for our kids college selection, everything I could find, carne to the same conclusion. I just can't find anything that supports the idea that expensive or elite unviersities are worth it; especially for engineering. For some ...
by Bfwolf
Fri Apr 03, 2020 1:08 pm
Forum: Personal Consumer Issues
Topic: Should I cancel my travel in France and Belgium in mid May?
Replies: 75
Views: 5546

Re: Should I cancel my travel in France and Belgium in mid May?

Nobody knows what this will look like in 6 weeks. I’d say your odds of being able to go on the trip are pretty low though. As others have said, there doesn’t seem to be a benefit to canceling early, so why do it?
by Bfwolf
Fri Apr 03, 2020 1:26 am
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 7640

Re: College choice dilemma

I'd like to propose Bfwolf's Law: no matter how big the cost difference and how marginal the benefit, there will always be a group of people who say you should pay more for the "better" school.
by Bfwolf
Thu Apr 02, 2020 1:43 am
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 7640

Re: College choice dilemma

This is a no-brainer. Vanderbilt. Even if the Vandy ride is only for tuition and not for all other costs, it's still a difference of $200K, which is an enormous sum of money. Evidence suggests your kid's financial life outcome will be as good with Vandy as with Princeton. In order to soften the blow...
by Bfwolf
Sat Mar 28, 2020 3:50 am
Forum: Personal Finance (Not Investing)
Topic: MBA Worth It?
Replies: 88
Views: 5844

Re: MBA Worth It?

The knowledge you get from an MBA is nice. But the only good reason to go to a top 10 full-time MBA program is for a career switch to one of the several fields that you have virtually no chance of getting into otherwise if you didn't start at it right after college: management consulting, investment...
by Bfwolf
Sat Mar 28, 2020 3:40 am
Forum: Investing - Theory, News & General
Topic: life cycle funds and wash sale rules?
Replies: 46
Views: 1408

Re: life cycle funds and wash sale rules?

Nobody knows. But the target retirement series are a wrapper and contain the same underlying funds in different proportions. If I was the IRS and wanted to pursue this I could easily agrue that we can look through the wrapper and argue that since tr 2055 has 53.5% total stock, and tr 2035 has 44.9%...
by Bfwolf
Fri Mar 27, 2020 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: MBA Worth It?
Replies: 88
Views: 5844

Re: MBA Worth It?

I agree with the notion of "take the money" when choosing between schools of such equal caliber. If you can get Kellogg to match, I'd certainly consider that strongly over Booth and Wharton. I think she'd probably have more fun at Kellogg, it's that kind of school. I live in Chicago and I'm not even...
by Bfwolf
Thu Mar 26, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: MBA Worth It?
Replies: 88
Views: 5844

Re: MBA Worth It?

I am surprised at how many people are cautioning against doing it. If your spouse is making big money already, then maybe not. Otherwise, if she wants to do management consulting for a top company, this is the way, and she'll be paid handsomely. If she's got a decent resume and works hard at the job...
by Bfwolf
Thu Mar 26, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: MBA Worth It?
Replies: 88
Views: 5844

Re: MBA Worth It?

If she wants to do consulting she should go to the school that will maximize her chances of getting into one of the top firms. That does not necessarily mean the highest ranked or the one with the most consulting recruits, but the one that is best for her. For example, I went to B school at one of ...