Search found 5831 matches

by Leesbro63
Thu Jul 18, 2019 10:56 am
Forum: Personal Consumer Issues
Topic: The New Dropbox Instead of Carbonite
Replies: 6
Views: 453

Re: The New Dropbox Instead of Carbonite

Bogle7 wrote:
Thu Jul 18, 2019 10:46 am
For backup I prefer a backup service.
For me, that is Backblaze.com
$50/yr
OK but that doesn't answer my question.
by Leesbro63
Thu Jul 18, 2019 8:34 am
Forum: Personal Consumer Issues
Topic: The New Dropbox Instead of Carbonite
Replies: 6
Views: 453

The New Dropbox Instead of Carbonite

So my $9.99 per month Dropbox is now $11.99. According to them, there’s now a “go back” feature that allows Dropbox to function as a backup. So can I cancel Carbonite? Will Dropbox really work as a backup or am I missing something? Until now, if a file got deleted on my computer, it also got deleted...
by Leesbro63
Thu Jul 18, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 51
Views: 2659

Re: Has anyone seen the documentary "Playing with FIRE?"

They’re talking about this on the MrMoneyMustache site. Should be interesting.
by Leesbro63
Tue Jul 16, 2019 4:38 pm
Forum: Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 189
Views: 39600

Re: $13 Million Goal for Early Retirement (am I crazy?)

I continue to favor Roth investments since my wife isn't currently working outside the home and thus our combined income continues to grant us access to Roth. I also like the flexibility Roth provides down the road with contribution withdraws (since I am eyeing retiring "early") as well as possibly...
by Leesbro63
Fri Jul 12, 2019 9:03 am
Forum: Personal Consumer Issues
Topic: Sending an eCard For Birthday
Replies: 12
Views: 873

Sending an eCard For Birthday

I'm trying to send an eCard for a birthday, but it seems that all of the sites that I see (and used in the past) now require a "sign up" for a $2.50 per month service. I just want to send one card one time. Are there any sites left that will allow me to do that at a one time fee? Almost not worth a ...
by Leesbro63
Sun Jul 07, 2019 8:40 am
Forum: Personal Investments
Topic: Invest $2-3M now and how? Index vs self made stock portfolio? How's my Portfolio?
Replies: 111
Views: 5844

Re: Invest $2-3M now and how? Index vs self made stock portfolio? How's my Portfolio?

Even on the very slim chance that the original poster is successful, he’ll end up with a small portion of highly appreciated stocks that he can’t sell without huge cap gains taxation. With huge risk in a few future Netscapes, Enrons, Polaroids....
by Leesbro63
Sat Jul 06, 2019 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.625%

Follow up question, I am the OP: I think I'm going to be qualified for "Preferred Rewards" soon, as part of the incentive of BOA to attract new customers in Pittsburgh (they just opened a few offices here for the first time). But if not, will my Travel Rewards points "bonus up" if I leave them be an...
by Leesbro63
Sat Jul 06, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.625%

Interesting that they'll allow so many. Can you summarize how the category bonuses work with the Premium Rewards card? 2% (3.5% after Platinum Honors 75% bonus) on travel and dining 1.5% (2.625% after Platinum Honors 75% bonus) on everything else. So I don't have to hassle with picking categories t...
by Leesbro63
Sat Jul 06, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.625%

Interesting that they'll allow so many. Can you summarize how the category bonuses work with the Premium Rewards card? 2% (3.5% after Platinum Honors 75% bonus) on travel and dining 1.5% (2.625% after Platinum Honors 75% bonus) on everything else. So I don't have to hassle with picking categories t...
by Leesbro63
Sat Jul 06, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge Combo
Replies: 10
Views: 764

Re: Bank of America/Merrill Edge Combo

BOA recently opened their first offices here in Pittsburgh. As part of the deal, they offered to get me into "Preferred Rewards" from the getgo (although this was only a week ago and it still has not kicked in...but I assume they'll make good on their promise). I do have a Merrill Edge account with ...
by Leesbro63
Sat Jul 06, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Paying PA Income Tax By Credit Card
Replies: 5
Views: 393

Re: Paying PA Income Tax By Credit Card

They show the fee once you choose where the payment is going and how you're paying. Apparently it varies. For PA personal income taxes, it's 2.49%. They also do payments for PA business taxes but I don't know the fee. The credit card refunds 2.625% so a 2.49% isn't enough an arbitrage to bother wit...
by Leesbro63
Sat Jul 06, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Paying PA Income Tax By Credit Card
Replies: 5
Views: 393

Paying PA Income Tax By Credit Card

Now that I have the Bank of America credit card with 2.625% "rewards", I am wondering if I can pay my Pennsylvania estimated and balance due state income tax and arbitrage a reward. "Pay1040.com" will yield me .7% net but they don't appear to support state income tax payment. Any other company do so?
by Leesbro63
Sat Jul 06, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.625%

Yeah, that's what I'll do. Thanks for the insight here. BTW I'm not sure of the exact max number of BofA credit cards is (I'm sure someone here will post it) but I currently have 5 -- Premium Rewards, Travel Rewards and 3 Cash Rewards (because of the different 3% categories which becomes 5.25% with...
by Leesbro63
Sat Jul 06, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.625%

MisterBill wrote:
Sat Jul 06, 2019 10:07 am
Leesbro63 wrote:
Sat Jul 06, 2019 10:04 am
I wonder if they'll give me both cards. And both bonuses.
Definitely (many of us have both cards), assuming you have the income and credit score to be approved. But maybe wait a few months before applying for the second.
Yeah, that's what I'll do. Thanks for the insight here.
by Leesbro63
Sat Jul 06, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.625%

Based on another thread, I am wondering if I made a (very minor) mistake and should bet the $95/year premium credit card. It seems that some categories pay more...enough to pay the fee (in my case...I think), and would allow conversion of the points to cash. I'm not much of a traveler, but probably...
by Leesbro63
Fri Jul 05, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Adult child - cars & residency
Replies: 14
Views: 1105

Re: Adult child - cars & residency

From a liability prospective, your son will probably be linked to you no matter what you do, until he's truly independent. In other words, if he gets involved in something bad, the lawyers for the harmed parties will probably make the case that he's still your dependent and go after you (deeper poc...
by Leesbro63
Fri Jul 05, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Adult child - cars & residency
Replies: 14
Views: 1105

Re: Adult child - cars & residency

From a liability prospective, your son will probably be linked to you no matter what you do, until he's truly independent. In other words, if he gets involved in something bad, the lawyers for the harmed parties will probably make the case that he's still your dependent and go after you (deeper pock...
by Leesbro63
Fri Jul 05, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.625%

I am the original poster. OK, I'm just about all set up at Merrill/BOA. They just moved into Pittsburgh so they're giving me a $300 BOA bonus for opening a checking account, 25000 points for opening the BOA Travel Rewards card and a bigger bonus for bringing over $100,000 to Merrill Edge. Based on a...
by Leesbro63
Fri Jun 28, 2019 6:40 am
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.675%

I had the Travel Rewards card for about a year. It was fine as far as earning the 2.625%, it's just that I have other cards that I use now for travel (Premium Rewards that includes travel insurance, Hilton Honors card for hotels, a corporate card for business travel) that made it more of a pain to ...
by Leesbro63
Thu Jun 27, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling 24 Year Old Credit Card
Replies: 31
Views: 2687

Re: Cancelling 24 Year Old Credit Card

Broken Man 1999 wrote:
Thu Jun 27, 2019 7:55 pm
Perhaps you can freeze the card. I can do that on a few of my cards.

Easy to freeze, easy to unfreeze.

Broken Man 1999
Yes, I can and do.
by Leesbro63
Thu Jun 27, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.675%

I am the original poster and here's a follow up question. For better or worse, I pay a lot of Federal and Pennsylvania income tax. All of it via estimated payments/balance due, direct from me. Is there some sort of arbitrage, even for a fraction of a percent, that might be worth doing by using the 2...
by Leesbro63
Thu Jun 27, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling 24 Year Old Credit Card
Replies: 31
Views: 2687

Re: Cancelling 24 Year Old Credit Card

OK. I am the OP and here's a follow up question: If I keep the card, how infrequently can I use it yet prevent it from getting cancelled for being inactive? Once a year? Twice a year? And if I just do a small charge every 6 or 12 months, is the fact that the charge is merely small a factor? I haven...
by Leesbro63
Thu Jun 27, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling 24 Year Old Credit Card
Replies: 31
Views: 2687

Re: Cancelling 24 Year Old Credit Card

OK. I am the OP and here's a follow up question: If I keep the card, how infrequently can I use it yet prevent it from getting cancelled for being inactive? Once a year? Twice a year? And if I just do a small charge every 6 or 12 months, is the fact that the charge is merely small a factor?
by Leesbro63
Thu Jun 27, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling 24 Year Old Credit Card
Replies: 31
Views: 2687

Cancelling 24 Year Old Credit Card

In the interest of simplifying my life, I'm thinking of cancelling a few seldom used credit cards. One, in particular, is a Cap1 card that has 1.5% rewards. The only reason I've kept it until now (I have a Citi 2% card and soon a BOA 2.625% card) is because it's 24 years old. My credit scores are al...
by Leesbro63
Wed Jun 26, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.675%

Are you sure I need a BOA checking acct too? I really don’t want another acct Yes I think it is a requirement, but if you have enough money in Merrill Edge (are they calling it just Merrill now?) to qualify for Preferred Rewards that account should be free with no minimum balance. I think I keep ab...
by Leesbro63
Wed Jun 26, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.675%

Also, I assume the Travel Rewards points can be saved until I have a travel expense big enough to use them. Frankly I don't travel much but maybe do spend some bigger dollars on travel once a year.
by Leesbro63
Wed Jun 26, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.675%

Are you sure I need a BOA checking acct too? I really don’t want another acct
by Leesbro63
Wed Jun 26, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

Re: BOA Credit Card Linked to Merrill for 2.675%

I finally got my act together and got a BOA Travel Rewards card and have $100,000 in a Merrill Edge account. Am I correct that the rewards rate will be 2.675% after my account has been there 3 months? And can I take that as a credit on my statement, or must it somehow be linked to "travel" expendit...
by Leesbro63
Wed Jun 26, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 3754

BOA Credit Card Linked to Merrill for 2.625%

I finally got my act together and got a BOA Travel Rewards card and have $100,000 in a Merrill Edge account. Am I correct that the rewards rate will be 2.675% after my account has been there 3 months? And can I take that as a credit on my statement, or must it somehow be linked to "travel" expenditu...
by Leesbro63
Thu Jun 20, 2019 11:09 am
Forum: Personal Investments
Topic: Tax Gain Harvesting in Muni Bonds
Replies: 13
Views: 688

Re: Tax Gain Harvesting in Muni Bonds

This appears to be bond market/interest rate timing. Good luck with that.
by Leesbro63
Thu Jun 20, 2019 7:00 am
Forum: Personal Finance (Not Investing)
Topic: First Child - Writing a Will
Replies: 11
Views: 713

Re: First Child - Writing a Will

Why can’t you do it now? Put stuff in there referencing any children born to both of you, with language that distributes your estate differently should there be no surviving children. You should probably have that “if, or” language anyway.
by Leesbro63
Wed Jun 19, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 12729

Re: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees

do the math on annuities if you can get one adjusted for inflation and a joint policy with a guaranteed pay out, good luck putting the money in munis will do more good and your heirs will keep the principal I'm guessing that the cost (meaning meager payout) of a joint policy that's inflation adjust...
by Leesbro63
Sun Jun 16, 2019 8:18 am
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 8920

Re: High net worth individual seeks portfolio advice

So, let's rewind this decision back to 2007, and say I decided to wait until the market corrected by 33% to get in, and I did so, and bought in 2009 at a 33% drop from the high. The market ended up dropping further to around 50% losses. If I would have waited I could have in theory saved some money...
by Leesbro63
Sat Jun 15, 2019 7:42 am
Forum: Investing - Theory, News & General
Topic: 5 Million Into Fixed Income
Replies: 37
Views: 5628

Re: 5 Million Into Fixed Income

Wouldn’t muni bonds be the preferred fixed income investment for high net worth/high income?
by Leesbro63
Thu Jun 13, 2019 2:57 pm
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 8920

Re: High net worth individual seeks portfolio advice

I understand that it's possible to be TOO careful. I'm definitely not going to leave all of my money in cash forever, that's for sure, but I want to make a fully educated decision before I pull the trigger. I wish I could trust a financial advisor and go that route, and there might be some good one...
by Leesbro63
Thu Jun 13, 2019 10:53 am
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 8920

Re: High net worth individual seeks portfolio advice

First of all, thank you for all of the thoughtful replies. As I said in my post, I assumed that in my current understanding "I must be missing something", so I was not coming here thinking I had it all figured out as some of the snarkier replies seemed to imply. I want to clarify on some of the poi...
by Leesbro63
Mon Jun 10, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

Many, if not most, buyers have regrets. Wrong price, wrong size, wrong location, wrong school district, wrong neighbors, wrong sun exposure, etc. Fewer renters have regrets. Even if renting costs more, it can be thought of a mobility premium. One of the things that adds to that regret is the huge c...
by Leesbro63
Mon Jun 10, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

Again, I do get it that it's extremely variable, but there must be some rule of thumb. I'm guessing that the number is something like 5%. A $300,000 house would require $15,000 per year, ON AVERAGE, in repairs and maintenance. Just my guess. I use 5% per year maintenance factor on my new constructi...
by Leesbro63
Mon Jun 10, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

In my situation, renting is a great investment in enabling an enjoyable FIRE lifestyle. Homeownership is not for the weak. It is a second job, with 24/7 hours, and often crappy or negative pay. It involves mental work (keeping track of a lot of stuff, figuring out what to fix/upgrade/remediate and ...
by Leesbro63
Mon Jun 10, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

Again, I do get it that it's extremely variable, but there must be some rule of thumb. I'm guessing that the number is something like 5%. A $300,000 house would require $15,000 per year, ON AVERAGE, in repairs and maintenance. Just my guess. I use 5% per year maintenance factor on my new constructi...
by Leesbro63
Mon Jun 10, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

One other factor mentioned before deserves a further look: When you rent, you more often take a closer look at how much space you need and rent accordingly. When buying, it's generally the other way. You know that a 3 bedroom house will re-sell easier than a 2 bedroom house. So you maintain that ext...
by Leesbro63
Mon Jun 10, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

I was just having this conversation with a friend a few days ago. The myth is perpetuated by people ignoring the opportunity cost of capital tied up in home ownership. And, I think, by stories of mom and pop who bought the house in 1955 for $17,000. Today it's worth $300,000 in the LCOL areas and $...
by Leesbro63
Mon Jun 10, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

Here's a related question: For the long term homeowner, is there some approximate "factor" number to cover repairs and maintenance? I get it that reality is very variable. But I'm just wondering if you paid $100,000 for a house in 1990, did absolutely nothing but only emergency repairs, how much wou...
by Leesbro63
Mon Jun 10, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

There are a lot of factors here, but the 2 key ones, IMO, are how long you will live there and how fiscally responsible you are. Unless you get lucky with market timing, I'd say if you're going to stay somewhere less than 5 years, renting will come out ahead the large majority of the time. At 20+ y...
by Leesbro63
Sun Jun 09, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

I am not sure many would disagree with 1 but 2 is questionable. You would need to compare the cost of renting versus buying. In some ways it is easier as appreciation doesn't play much of a role. You can compare if having a 1500/month mortgage and having to pay maintenance is better than paying 2k/...
by Leesbro63
Sun Jun 09, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

To OP: The topic of rent vs buy is quite simple: 1. If you plan to sell your house in less than 5 years , don’t bother with buying since transaction cost will mostly likely wipe out any benefits with home ownership. 2. If you don’t live in a HCOL places like SF, Seattle, Boston, NYC, LA or wealthy ...
by Leesbro63
Sun Jun 09, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

What a fascinating question that came up again on Bogleheads. Similar discussion had different reaction back in 2008-2010 period. A handful of folks have correctly said - "every situation is different" and "to each their own" - here is my story that reflects that latter statements in response to th...
by Leesbro63
Sun Jun 09, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

To OP: The topic of rent vs buy is quite simple: 1. If you plan to sell your house in less than 5 years , don’t bother with buying since transaction cost will mostly likely wipe out any benefits with home ownership. 2. If you don’t live in a HCOL places like SF, Seattle, Boston, NYC, LA or wealthy ...
by Leesbro63
Sun Jun 09, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

Do you grow your own vegetables and breed cattle to produce your own milk and meat? Do you consider buying vegetables, milk, and meat at the grocery store as "throwing away your money" because it's more expensive than growing and breeding your own? This is a bad analogy. Because it IS more expensiv...
by Leesbro63
Sun Jun 09, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19314

Re: Paying for rent is throwing away money...myth?

I think it's very situational and location-al. Here in the midwest (Pittsburgh), properties don't go up much (although some neighborhoods in the city are booming due to gentrification, but that's the exception). If you have kids and want to plant roots, an owned home is probably the best long term c...