Search found 1876 matches

by Bfwolf
Wed Jul 17, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3887
Views: 721398

Re: What's Your Credit Card Rewards Strategy?

BashDash wrote:
Wed Jul 17, 2019 2:55 pm
Does anyone have an ihg strategy for using chase free nights at a hotel more than 40k points. Am currently on a trip staying at a 50k hotel night but I believe you are not allowed to do this anymore. Can you use free night and then add on 10k separate points?
Nope, you can't do that.
by Bfwolf
Sun Jul 14, 2019 4:35 pm
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 6902

Re: I think i can spend 30k on this vacation, but wife not sure

Thanks to all. I suppose expenses for college could be 300-400k for kids, and that means less net worth. I plan on paying that no matter what. It seems like most say I can afford this trip, but some are skeptical. I guess my expenses could be 150k in retirement, so I would need 6-7.5 M. Seems like ...
by Bfwolf
Wed Jul 10, 2019 11:10 pm
Forum: Investing - Theory, News & General
Topic: Mega backdoor Roth:. Anyone got their employer to change plan to allow it?
Replies: 21
Views: 1939

Re: Mega backdoor Roth:. Anyone got their employer to change plan to allow it?

In-service distribution is one way of going about it, but it seems the easier method that some plans are gravitating toward is in-plan Roth conversion. With the click of a button you convert your after-tax $s in your 401k into your Roth 401k sub-account. I know of at least one employer who has embra...
by Bfwolf
Wed Jul 10, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Mega backdoor Roth:. Anyone got their employer to change plan to allow it?
Replies: 21
Views: 1939

Re: Mega backdoor Roth:. Anyone got their employer to change plan to allow it?

Hello, I just changed this at my employer last year. While you might fail the compliance testing all that happens is the contributions are given back to the highly compensated employees and taxes are taken out as if the after-tax contribution and conversion never took place. And that assumes you fa...
by Bfwolf
Wed Jul 03, 2019 3:49 pm
Forum: Personal Consumer Issues
Topic: Frontier or Spirit Airlines
Replies: 51
Views: 3009

Re: Frontier or Spirit Airlines

I like the direct flights of Frontier and Allegiant. While Spirit and Frontier can provide unpleasant flight experiences, they are both safe. Allegiant's safety is very questionable. Check out the 60 minutes expose on them a year ago. https://www.cbsnews.com/news/allegiant-air-the-budget-airline-fl...
by Bfwolf
Wed Jul 03, 2019 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

We don't know if it is unfair or not. [OT comment removed by Moderator Misenplace] Maybe this particular bill is bogus. If so, it should go away. But it doesn't sound to me like the insurance thought it was bogus. They simply applied their negotiated rate from the usual ridiculous chargemaster pric...
by Bfwolf
Tue Jul 02, 2019 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

How wonderful that your wife had such a serious health issue that three surgeons were required to fix it and now she's doing great all for a mere $2,800. Sounds like a heck of a deal to me. At any rate, I'd just get the medical record, figure out who the third doctor is and if he legitimately helpe...
by Bfwolf
Sat Jun 22, 2019 1:16 am
Forum: Personal Investments
Topic: Advice on awful 401k
Replies: 11
Views: 1284

Re: Advice on awful 401k

We don't know your age or your marginal tax rate, BUT if you really think this 401k is going to change from awful to acceptable in the next 2 years, and you still have a number of years to go before you'll take money out of your 401k, I think you should probably keep maxing it out after you max out ...
by Bfwolf
Thu Jun 20, 2019 12:49 am
Forum: Investing - Theory, News & General
Topic: Modified Dutch Auction?
Replies: 8
Views: 717

Re: Modified Dutch Auction?

venkman wrote:
Wed Jun 19, 2019 11:03 pm
I'd check and make sure this is legit. I've never heard of Gamestop offering to buy anything back for its fair market value... :happy
Ha!
by Bfwolf
Mon Jun 10, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 13572

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

I'm going to do something awful and uncalled for and completely unfair and guilt trip you. You can afford this. But are you sure that this $175K will bring you more pleasure than trying to help other people with that money? Even in the USA, you could help someone with $175K. And if you were to go o...
by Bfwolf
Sun Jun 09, 2019 1:58 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 16028

Re: The logical fallacy behind "Bonds Are For Safety"

Doesn't CAPM state that the highest return portfolio for any given level of risk is a mixture of the total market of risky investments and a riskless investment? The riskless investment proxy is a very short term Treasury note. So why are you proposing long term treasury notes? Edit: Originally I s...
by Bfwolf
Sun Jun 09, 2019 1:00 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 13572

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

I'm going to do something awful and uncalled for and completely unfair and guilt trip you. You can afford this. But are you sure that this $175K will bring you more pleasure than trying to help other people with that money? Even in the USA, you could help someone with $175K. And if you were to go ou...
by Bfwolf
Sun Jun 09, 2019 12:38 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 16028

Re: The logical fallacy behind "Bonds Are For Safety"

Doesn't CAPM state that the highest return portfolio for any given level of risk is a mixture of the total market of risky investments and a riskless investment? The riskless investment proxy is a very short term Treasury note. So why are you proposing long term treasury notes? Edit: Originally I sa...
by Bfwolf
Tue Jun 04, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at 56?
Replies: 34
Views: 6047

Re: Can I retire at 56?

You didn't mention Social Security, but I think this is (or should be) a huge part of the reason why you are OK to retire now. I'm going to assume you are pretty near the max SS retirement benefit, which would put you north of $40K a year in today's $s if you delay til 70. Worst case scenario (your ...
by Bfwolf
Tue May 28, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14879

Re: Can we afford to pay for our kid's college (at all)?

Right now not putting $s in taxable. Want to have the Heloc paid off by end of the year. Mortgage is a refi. Hope to maybe downsize once kids are out of house. Would be good to get out from under our dream house, but would have to move to nearby town with worse schools. Job situation is real good w...
by Bfwolf
Tue May 28, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: AmEx rewards points
Replies: 15
Views: 1390

Re: AmEx rewards points

I think at a minimum they should be worth 1 cent if you redeem them for airline tickets via American Express travel (through their portal or calling them). https://travel.americanexpress.com/mr-landing https://global.americanexpress.com/rewards That would be one of the easier ways to use them. Prob...
by Bfwolf
Tue May 28, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14879

Re: Can we afford to pay for our kid's college (at all)?

Another angle on this: You describe a gifted student who doesn't put in the work and so gets terrible grades and seems to have a poor concept of the value of money. Should you finance this child at $25K a year to go to college where there's a good chance he will flunk out? This feels like the perfec...
by Bfwolf
Sun May 26, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can I deduct a loss for non-paying patients?
Replies: 48
Views: 3656

Re: Can I deduct a loss for non-paying patients?

You've already gotten the deduction: you never received the income and therefore won't be taxed on it.
by Bfwolf
Thu May 23, 2019 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3887
Views: 721398

Re: What's Your Credit Card Rewards Strategy?

Bank of America gives $500 for $3k spend Details please? https://www.bankofamerica.com/credit-cards/products/premium-rewards-credit-card/ I got denied by this card and now figure I'm basically a persona non grata at all the major issuers except Amex and Citi. I've had 48 cards in the last 5 years s...
by Bfwolf
Sat May 04, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Giving two week's notice before stock options vest
Replies: 91
Views: 6016

Re: Giving two week's notice before stock options vest

OP, glad it worked out for you. If you had not been able to push back your start date, I would have gone with the 2 day notice, though 9 days is obviously considerably better. FWIW, a colleague once quit with 0 days notice for this very reason. His boss was highly annoyed. The rest of us understood....
by Bfwolf
Thu Apr 11, 2019 1:43 am
Forum: Investing - Theory, News & General
Topic: Navy FCU 40 month 3.75% IRA/ESA Cert
Replies: 15
Views: 1816

Re: Navy FCU 40 month 3.75% IRA/ESA Cert

I broke an Andrews Federal Credit Union 3% CD to move the money into this NFCU CD. It was a slight pain but nothing too terrible. NFCU customer service and technology is certainly way better than AFCU. With treasury yields having fallen in the last 6 months, this seems like a deal worth jumping on. ...
by Bfwolf
Wed Apr 10, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: sort of deadbeat tenant
Replies: 23
Views: 2781

Re: sort of deadbeat tenant

I just wanted to say: holy cow! I can't believe this guy is screwing over a colleague who can badmouth him at work over such trivial sums of money. I feel for you, OP. If I were you, I'd ride it out and assuming he (mostly) pays the last month's rent, just subtract it out from his security deposit.
by Bfwolf
Wed Apr 10, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: Are Airport Lounges Worth the Money?
Replies: 95
Views: 8444

Re: Are Airport Lounges Worth the Money?

ResearchMed wrote:
Wed Apr 10, 2019 11:20 am

Are you in F on CX?
If so, there are two totally separate F lounges, and they have somewhat different facilities. It would be worthwhile reading online descriptions. Alas, they are not near each other.

Enjoy!

RM
Flying biz class "unfortunately" lol.
by Bfwolf
Wed Apr 10, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: Are Airport Lounges Worth the Money?
Replies: 95
Views: 8444

Re: Are Airport Lounges Worth the Money?

Lounges are a nice to have, but they generally don't change your experience THAT dramatically. I did once have a layover in Tokyo after an overnight flight from Hanoi, and I used the lounge to shower before getting on a very long flight to Chicago. That was certainly nice. The nicest one I've been t...
by Bfwolf
Wed Apr 10, 2019 1:12 am
Forum: Personal Finance (Not Investing)
Topic: IRS 2% bounced check fee!!
Replies: 42
Views: 5525

Re: IRS 2% bounced check fee!!

OP, sorry for the lack of empathy you have received. You are right--it's a bad rule. Just because it's documented (as almost rules are), doesn't mean it's reasonable or fair.
by Bfwolf
Fri Apr 05, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3887
Views: 721398

Re: What's Your Credit Card Rewards Strategy?

If you can get the 100,000 MR American Express Platinum offer via Cardmatch, I would grab that. If Barclays approves you for the Arrival+, you should be eligible again, they are just a bear to get an approval from. Currently a 70,000 point offer, which is the best ever. But Barclays is non-transfer...
by Bfwolf
Tue Apr 02, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 1040
Views: 92495

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

I've recently (i.e. today) started an HSA with HSA Bank (only option with my employer and contributions through payroll allow me to avoid FICA and get a employer match). I would like to transfer my contributions from HSA Bank to Fidelity (via trustee-to-trustee transfer ideally) as frequently as po...
by Bfwolf
Fri Mar 29, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: What to see in Philly?
Replies: 87
Views: 5954

Re: What to see in Philly?

My favorite cheesesteak place, which is a long walk or a short Uber from the Convention Center, is Jim's at 4th and South. It's very popular and often has a 20 minute line on weekends. If you like row house architecture, my favorite couple of blocks in Center City is Clinton Street between 9th and 1...
by Bfwolf
Wed Mar 27, 2019 2:23 pm
Forum: Personal Consumer Issues
Topic: Returning back to former job
Replies: 12
Views: 1102

Re: Returning back to former job

I don't think there's any issue with returning to your old employer, BUT I would spend some time thinking how you can do so without giving up the additional compensation. What if you toughed it out for a year and then tried to go back at a higher position?
by Bfwolf
Tue Mar 26, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Learning Violin as an adult, 2.5 year progress audio
Replies: 217
Views: 34247

Re: Learning Violin as an adult...1000 hours in...

I am really impressed with how much you've stuck with this and how much time you're dedicating to it.
by Bfwolf
Tue Mar 12, 2019 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Anyone leaving behind a scholarship fund?
Replies: 63
Views: 3983

Re: Anyone leaving behind a scholarship fund?

The biggest issue of these though is it is VERY hard to verify that the money is going to the people you are trying to aid. I don't know why there isn't a platform out there via internet that checks all the interested charities on their authenticity before allowing them to solicit money. One of the...
by Bfwolf
Mon Mar 11, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone leaving behind a scholarship fund?
Replies: 63
Views: 3983

Re: Anyone leaving behind a scholarship fund?

I think the motivation to help lower income people with high potential live up to their possibilities is admirable. If I may be so bold though, there is a lot of money already invested in US college education financial aid to help those with high potential but lower resources get a fair shot. If one...
by Bfwolf
Mon Mar 11, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Airline travel and economy: pay $$ to pick seats
Replies: 116
Views: 7606

Re: Airline travel and economy: pay $$ to pick seats

I think your likely worst case scenario (with trading with other passengers) is your 2 kids being in the middle seat in 2 consecutive rows, i.e. one directly in front of the other. If this is acceptable, go ahead and save the money.
by Bfwolf
Sat Feb 09, 2019 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 3648

Re: Is the MBA degree market saturated?

I think in the area of business there's been a lot of saturation of degrees being available. Anyone in a city of significant size can get an MBA or Executive MBA from a part-time program at University of Phoenix or similar if they're (or their employer) is willing to pay for it. A lot of the same t...
by Bfwolf
Fri Feb 08, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 3648

Re: Is the MBA degree market saturated?

I think in the area of business there's been a lot of saturation of degrees being available. Anyone in a city of significant size can get an MBA or Executive MBA from a part-time program at University of Phoenix or similar if they're (or their employer) is willing to pay for it. A lot of the same t...
by Bfwolf
Fri Feb 08, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 3648

Re: Is the MBA degree market saturated?

There’s two types of MBAs - go to an elite school and get a job in something you could not have without it (think IB / PE / Consulting). It’s quite obvious which schools people are doing this at. The key is these jobs are not obtainable for people without the degree. Many are seeing salaries go fro...
by Bfwolf
Tue Feb 05, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Crazy lady backs into my car...don't think she will pay me out of pocket
Replies: 103
Views: 10032

Re: Crazy lady backs into my car...dont think she will pay me out of pocket

OP,

Here's what will answer all questions you have on the subject from now on:

Step 1: Call Amica and ask them the question, and what you should do to ensure you get paid and your rates don't go up.

Step 2: Do what Amica says.

:)
by Bfwolf
Tue Feb 05, 2019 10:23 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2553
Views: 195875

Re: HEDGEFUNDIE's excellent adventure [3x leveraged ETF strategy]

I will go on record as saying I hope this DOESN'T work, as Hedgefundie can afford to lose 15% of his portfolio, but the dozens of copycats that would follow won't. This strategy may work for a limited period of time. But it will fail at some point.
by Bfwolf
Sat Feb 02, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: recommend your African safari
Replies: 16
Views: 1261

Re: recommend your African safari

I spent 3 weeks with friends in East Africa last February. Some thoughts: 1) It was my first safari but one of the other folks on my trip had done several. She said 4 nights is about the right amount of time, and so that's what we did. I think she was spot on. 4 nights would be considered a very sho...
by Bfwolf
Wed Jan 30, 2019 3:06 am
Forum: Personal Investments
Topic: Invest through 401K provider or TD Ameritrade Self Direct Account
Replies: 6
Views: 315

Re: Invest through 401K provider or TD Ameritrade Self Direct Account

I'd put this under the category "doesn't really matter," but I think I'd go with the 401k fund choices. It'll be simpler and very slightly cheaper. You're covered in the 401k except for emerging markets and bonds, which you can hold in your IRA. Speaking of which, you have a very high risk portfolio...
by Bfwolf
Wed Jan 30, 2019 1:11 am
Forum: Investing - Theory, News & General
Topic: Why doesn't the US government sell additional Social Security?
Replies: 23
Views: 2036

Re: Why doesn't the US government sell additional Social Security?

The inflation-adjusted SPIA market seems thin and overpriced. Why do you think it is overpriced? I guess I don't know that it is. Insurance companies are good at gauging risk I suppose, and perhaps they are better equipped for that than the US govt is. But they do seem like poor deals on their face...
by Bfwolf
Wed Jan 30, 2019 1:03 am
Forum: Investing - Theory, News & General
Topic: Why doesn't the US government sell additional Social Security?
Replies: 23
Views: 2036

Re: Why doesn't the US government sell additional Social Security?

Presumably companies selling inflation adjusted SPIAs are making a profit, despite how thin the market is. I'm wondering if the government could undercut them and break even and widen the appeal of the market, while also achieving something good for society (reducing risk people run out of money).
by Bfwolf
Wed Jan 30, 2019 12:31 am
Forum: Investing - Theory, News & General
Topic: Why doesn't the US government sell additional Social Security?
Replies: 23
Views: 2036

Why doesn't the US government sell additional Social Security?

The inflation-adjusted SPIA market seems thin and overpriced. The US government has a huge Social Security department which carries out the disbursement of inflation adjusted annuities. Would it be so unreasonable for them to simply sell additional Social Security benefits much like one purchases an...
by Bfwolf
Tue Jan 29, 2019 2:35 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3887
Views: 721398

Re: What's Your Credit Card Rewards Strategy?

Does anyone keep a spreadsheet of their cards? Is there any existing spreadsheet someone created? What I am thinking is it would list all generally available reward cards with bonuses. You enter your start and stop date, and when bonus was received. It would tell you when you are next eligible. As ...
by Bfwolf
Mon Jan 28, 2019 3:59 pm
Forum: Investing - Theory, News & General
Topic: performance of CDs vs. ultra-short T-bills?
Replies: 5
Views: 863

Re: performance of CDs vs. ultra-short T-bills?

Here's a current comparison of brokered CD options at Fidelity vs the t-bill rates. They are very similar. Unless you guys are dealing with millions of dollars here, this doesn't sound like a good use of anybody's time. Do what is simplest that gets similar returns as listed below. https://www.fidel...
by Bfwolf
Sun Jan 27, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3887
Views: 721398

Re: What's Your Credit Card Rewards Strategy?

I don't pretend to be a very sophisticated credit card strategist but sometimes offers seem to make sense to me. I have business expenses to pay with a CC and love to travel for pleasure and do so frequently and for work occasionally. I have a Chase Sapphire that I will cancel when it comes up agai...
by Bfwolf
Sat Jan 26, 2019 1:23 pm
Forum: Personal Consumer Issues
Topic: Amazon marketplace delivery problem: who is to blame?
Replies: 11
Views: 985

Re: Amazon marketplace delivery problem: who is to blame?

If it was FBA then I agree with the seller. It's not their fault Amazon didn't fulfill properly. They refunded your money which is all they could be expected to do in this situation.
by Bfwolf
Sat Jan 19, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Price-to-rent
Replies: 11
Views: 1128

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: Personal Investments
Topic: Hesitant to sell
Replies: 11
Views: 1359

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: 3232

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.