Search found 5396 matches

by Leesbro63
Sat Sep 22, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

$1100 for the cheapest iPhone Xs Max at 64 gigabytes of storage. No. Just, no. There is no conceivable feature Apple could add on top of the basic required functionality that would justify this price. I'll keep my $200 32Gb iPhone SE. It still works just fine. +1000. Dear God, it is a phone. $1,100...
by Leesbro63
Fri Sep 21, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

I ordered an XS to replace my 3.5 year old 6 last weekend. I happened to walk my the local Apple store at its 8:00 AM opening today and there were maybe 30 people waiting so I easily could have gotten in to buy out of inventory rather than getting it delivered in a few weeks. That’s exactly what I ...
by Leesbro63
Fri Sep 21, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

UPDATE BY THE ORIGINAL POSTER (me): I got the MAX phone today and like it a lot. Much better than the X. That being said, it's not THAT much better than my old iPhone7Plus. If you are into it like me and have the bux to play with, then go for it. But if you have a 7 plus or 8 plus, you won't miss to...
by Leesbro63
Fri Sep 21, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2800
Views: 559313

Re: What's Your Credit Card Rewards Strategy?

JBTX wrote:
Fri Sep 21, 2018 9:37 am
I'll probably net around $4000-$5000 this year in various bonuses, without a lot of effort. To each his own.
[ quote fixed by admin LadyGeek]

The real money is in the brokerage bonuses, if you have a nice nest egg.
by Leesbro63
Fri Sep 21, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2800
Views: 559313

Re: What's Your Credit Card Rewards Strategy?

The CC insurance pays only (AFAIK) the damage/theft etc to the rental car, not to the other parties. If you damage the rental car, primary insurance (which is rare, and only on a handful of more expensive cards like CSR) will pay the damage and your car insurance will not be involved. Presumably wi...
by Leesbro63
Thu Sep 20, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2800
Views: 559313

Re: What's Your Credit Card Rewards Strategy?

What is/are the main benefit(s) of the Chase Sapphire Reserve card ($450/yr with $300 reimbursement) versus what I have, the Chase Sapphire Preferred ($95/yr with no reimbursement).
by Leesbro63
Wed Sep 19, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 3947

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

OP, more important for your grandma and her heirs is estate planning. What steps, if any, has she taken? Has she created a trust? With a $7M portfolio, her estate is greater than the individual exemption, exposing her estate to taxes potentially at the highest bracket. This is not correct, although...
by Leesbro63
Wed Sep 19, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 76
Views: 10880

Re: Umbrella Policy: Right amount for $7 mil net worth?

Would strongly recommend non-owned auto insurance as I see that as your biggest exposure. For me, umbrella would depend on where you live and what you drive. If you lived in/rented in a billion dollar downtown condo/apt building, I would be inclined to carry a very large umbrella policy as renter's...
by Leesbro63
Wed Sep 19, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Puerto Rico as legal tax Haven?
Replies: 20
Views: 3248

Puerto Rico as legal tax Haven?

Can this be true? And if so, why hasn’t it been widely reported?

https://www.gq.com/story/how-puerto-ric ... super-rich


“Act 22 goes much further: It makes Puerto Rico the only place on U.S. soil where personal income, capital gains, interest, and dividends are untaxed.”
by Leesbro63
Tue Sep 18, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2800
Views: 559313

Re: What's Your Credit Card Rewards Strategy?

Those are benefits for the Chase Sapphire, not the Sapphire Preferred. The Sapphire is and has been unavailable for new sign ups for years but is an available downgrade option. Wow, thanks, did not know this! The CSP has more value than I thought... The only reason I keep the CSP and pay the $95/yr...
by Leesbro63
Tue Sep 18, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2800
Views: 559313

Re: What's Your Credit Card Rewards Strategy?

I am thinking of canceling my Chase Sapphire Preferred (CSP) card, because I have two other cards that perform CSP's functions: - Chase Ink Preferred has 3x on travel expenses - Chase Ink Cash has 2x on restaurants Chase Ink Preferred allows me to: - book on the Chase portal at 1.25 redemption rate...
by Leesbro63
Fri Sep 14, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

You do realize that even though the 7 Plus is physically larger than the X (6.23" x 3.07" for the 7 Plus, 5.65" x 2.79" for the X), the display on the X is actually larger (5.8" for the X. 5.5" for the 7 Plus)? This is what you gain by losing the top and bottom bezel. It's a very common misconcepti...
by Leesbro63
Thu Sep 13, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 4931

Re: Ray Dalio’s latest fearmongering round

He's a gazillionaire, OK. But I've noticed that there are many of those who, despite their ability to accumulate great wealth, STILL have made many bad predictions...even a whole pattern of bad predictions. Bill Gross comes to mind, offhand. How's Dalio's track record? Some people including you I a...
by Leesbro63
Thu Sep 13, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 4931

Re: Ray Dalio’s latest fearmongering round

gmaynardkrebs wrote:
Thu Sep 13, 2018 10:37 am
I'm not so sure the Depression didn't return, except for the USA.
Kinda like the opposite of "other than that, how was the play Mrs. Lincoln?"
by Leesbro63
Thu Sep 13, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 4931

Re: Ray Dalio’s latest fearmongering round

I guess my devil's advocate argument is that there were so many experts with great records who missed 2008. And many who got 2008 right but got the aftermath wrong. We all know that we're experiencing debt levels high by historic standards. But, as Jack Bogle says, "nobody knows nuthin' ". In this ...
by Leesbro63
Thu Sep 13, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 4931

Re: Ray Dalio’s latest fearmongering round

I guess my devil's advocate argument is that there were so many experts with great records who missed 2008. And many who got 2008 right but got the aftermath wrong. We all know that we're experiencing debt levels high by historic standards. But, as Jack Bogle says, "nobody knows nuthin' ". In this c...
by Leesbro63
Thu Sep 13, 2018 8:51 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 4931

Re: Ray Dalio’s latest fearmongering round

He's a gazillionaire, OK. But I've noticed that there are many of those who, despite their ability to accumulate great wealth, STILL have made many bad predictions...even a whole pattern of bad predictions. Bill Gross comes to mind, offhand. How's Dalio's track record?
by Leesbro63
Thu Sep 13, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

wabbajack wrote:
Thu Sep 13, 2018 8:20 am
Before you rush out and get the new bigger model, have you considered increasing the text size / scale on your iPhone X?

Did that. Meh. I still have to scroll left to right etc etc to read a whole page. Not the case with my old Plus. I cannot wait for an "EXCESS MAX" :)
by Leesbro63
Thu Sep 13, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

lazydavid wrote:
Thu Sep 13, 2018 8:06 am
Leesbro63 wrote:
Thu Sep 13, 2018 7:51 am
How about this one: Isn't the Lexus ES350 just a Toyota Camry with nicer trim?
No.
Hey, I tried! 8-)
by Leesbro63
Thu Sep 13, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

Are 80" 4K TVs cheaper than 20" tube TVs? Complete strawman considering nothing even remotely resembling the latter has been available new for over a decade at this point. More saliently, I paid half as much for a 49" Sony 4k Smart TV as I did the no-name 37" 1080p monitor it replaced. So yes, tech...
by Leesbro63
Thu Sep 13, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

I think the XR is going to sell HUGE. 98% of the utility of the XS for 75% of the price. But how can I show that I'm rich, successful, and better than you if I don't have the golden iPhone XS Max? The XR is clearly for poor people. Anybody who cares enough about specs to know that the XR/XS are nea...
by Leesbro63
Thu Sep 13, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

The keynote just ended. $1100 for the cheapest iPhone Xs Max at 64 gigabytes of storage. It looks to be negligibly larger in form than a "Plus" model. I do not understand how Apple can continue to raise prices like this, and I'm a huge Apple fan going on 20 years. You can pre order 9/14 and release...
by Leesbro63
Thu Sep 13, 2018 7:08 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

I think the XR is going to sell HUGE. 98% of the utility of the XS for 75% of the price. But how can I show that I'm rich, successful, and better than you if I don't have the golden iPhone XS Max? The XR is clearly for poor people. Anybody who cares enough about specs to know that the XR/XS are nea...
by Leesbro63
Thu Sep 13, 2018 6:22 am
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 42
Views: 5547

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

OH has had he option for several years now. No extra fees (just 2 X the registration charges), can be done online, can be deducted from your checking account - one drawbacks is that you have to stick the sticker on the plate they don't come out and do that. :D Pennsylvania got rid of the stickers. ...
by Leesbro63
Wed Sep 12, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

As many of you remember, I bought an iPhoneX last year to replace my old iPhone7Plus. I have been disappointed in the size of this phone, as compared to the older, more robust ("bigger") PLUS phone. It's hard t read with the X but I had no trouble doing so on my 7Plus. OK, so I'm willing to suck it...
by Leesbro63
Wed Sep 12, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

As many of you remember, I bought an iPhoneX last year to replace my old iPhone7Plus. I have been disappointed in the size of this phone, as compared to the older, more robust ("bigger") PLUS phone. It's hard t read with the X but I had no trouble doing so on my 7Plus. OK, so I'm willing to suck it...
by Leesbro63
Wed Sep 12, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

I dont get the newest iphone craze, everyone has to have it. I have been using a 6S for 2 yrs and it works great. My mom has an iphone 8, I can’t tell the difference between my phone and hers. Same size, same operating system, etc. I typically pay $200 for a new phone every couple of years. I bough...
by Leesbro63
Wed Sep 12, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

bloom2708 wrote:
Wed Sep 12, 2018 1:54 pm
XS Max is 6.5"

Bigger screen but same form factor as the 8 Plus.

I'll give you $300 cash money for your X. :wink:
Actually, I WILL sell it for what the market will bear. I am guessing that this will be about $500, but I'm not sure.
by Leesbro63
Wed Sep 12, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

Re: iPhone XS Max

The keynote just ended. $1100 for the cheapest iPhone Xs Max at 64 gigabytes of storage. It looks to be negligibly larger in form than a "Plus" model. I do not understand how Apple can continue to raise prices like this, and I'm a huge Apple fan going on 20 years. You can pre order 9/14 and release...
by Leesbro63
Wed Sep 12, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 175
Views: 9882

iPhone XS Max

As many of you remember, I bought an iPhoneX last year to replace my old iPhone7Plus. I have been disappointed in the size of this phone, as compared to the older, more robust ("bigger") PLUS phone. It's hard t read with the X but I had no trouble doing so on my 7Plus. OK, so I'm willing to suck it ...
by Leesbro63
Sun Sep 09, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: Buying a new Toyota Camry. What extra options if any?
Replies: 53
Views: 2989

Re: Buying a new Toyota Camry. What extra options if any?

Retired dealer employee here, daughter purchased an 18 Avalon late last year, my close friend purchased an 18 Corolla in March. Both are very happy with Toyota, the product and respective dealers. The dealer is a VIP, (value in purchase) partner for long term ownership experience. You mentioned you...
by Leesbro63
Sun Sep 09, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 42
Views: 5547

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

So...wait. The county actually waives the $5 fee for the second year for no reason other than you gave PennDot $37 a year early? I find that hard to believe. People who are choosing the 2-year option, are you sure you're actually going to be in the clear for that second year? If you get pulled over...
by Leesbro63
Sat Sep 01, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?
Replies: 30
Views: 1611

Re: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?

Someone said “fax”. I prefer certified mail, return receipt. Then there’s no question that you responded in a timely manner. I also think it sends a subliminal message to the adjuster that you take this seriously and probably know what you are doung
by Leesbro63
Thu Aug 30, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership
Replies: 35
Views: 3264

Re: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership

A good rule of thumb,very general,is that cars have a financial half-life of 3 years. Meaning that any car you buy, new or used, at market price, will be worth about half in 3 years. And in 3 more years, a brand new car will be worth about 25% of what it cost new (half of half). I get it that certai...
by Leesbro63
Wed Aug 29, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Just put $100K into TUR. Analysis inside
Replies: 71
Views: 3235

Re: Just put $100K into TUR. Analysis inside

WhiteMaxima wrote:
Wed Aug 29, 2018 11:33 am
I am going to Konstantinople next week. I will tell you what I will see. The gate way between Aisa and Europe, Can't ingore it.
Istanbul, not Constantinople 😀

I wonder if there are recent examples of similar situations. Maybe Greece?
by Leesbro63
Wed Aug 29, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Comcast Cell Phone Thingie
Replies: 4
Views: 440

Re: Comcast Cell Phone Thingie

Thanks Neilpilot. I did just read them. Can I bring my iPhoneX? Can I buy a new iPhoneX that will work with it?
by Leesbro63
Wed Aug 29, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: Comcast Cell Phone Thingie
Replies: 4
Views: 440

Comcast Cell Phone Thingie

A friend on social media was bragging about how he got rid of his $70/month Verizon cell phone service and for only $1 more a month, he now has it through his existing Comcast account and they use the Verizon network. Can this truly be and if so, how does it work? What's the "catch"?
by Leesbro63
Mon Aug 27, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 13
Views: 1796

Re: Potential Claw-Back from IRS of Gifted Assets

The Tax Cuts and Jobs Act added Section 2001(b)(1) which provides for no clawback. As the OP, I found that page 3 of this article (https://www.bessemertrust.com/portal/binary/com.epicentric.contentmanagement.servlet.ContentDeliveryServlet//Advisor/Presentation/Print%20PDFs/Legislation_2017_Selected...
by Leesbro63
Mon Aug 27, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 13
Views: 1796

Re: Potential Claw-Back from IRS of Gifted Assets

OP, your estate will be taxed following the laws on force at the time of your death. Andy. It's not quite that simple/clear. If the gift exemption is $11M before 12/31/25, and you gifted that amount before that date....but the "Estate and Gift Tax Exemption Amount" is half of that after that date a...
by Leesbro63
Mon Aug 27, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 13
Views: 1796

Re: Potential Claw-Back from IRS of Gifted Assets

OP, your estate will be taxed following the laws on force at the time of your death. Andy. It's not quite that simple/clear. If the gift exemption is $11M before 12/31/25, and you gifted that amount before that date....but the "Estate and Gift Tax Exemption Amount" is half of that after that date a...
by Leesbro63
Sun Aug 26, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 13
Views: 1796

Re: Potential Claw-Back from IRS of Gifted Assets

So I think the real question is what happens to the estate of the person who gifts $11M (about) before 12/31/25 and dies shortly thereafter? And this question can be subdivided to look at the estate in the above scenario that has little left (will the giftee get clawed?) versus an estate with a lot ...
by Leesbro63
Sun Aug 26, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 184
Views: 25765

Re: Don’t cheat yourself with the 4% rule

I set myself up so that under anything like normal circumstances I will live the life I want without any concern about withdrawal "strategies". So I will never be cutting spending due to market moves, and I will never be pulling out some fixed percentage. Would you care to elaborate on how you achi...
by Leesbro63
Sun Aug 26, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4351

Re: Suggestions for a Generous Grandparent?

We have only 2 children and are nowhere near having grandchildren. When the occasion arises, though, we will view gifts to grandchildren as being distinct from gifts to children. A contribution to a grandchild's college fund is just that. The intent is not to indirectly benefit our child's retireme...
by Leesbro63
Sun Aug 26, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1206
Views: 207573

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I am not a tax professional or expert. That being said, if Etrade is reimbursing you for a fee paid to TDAmeritrade, you might be able to list both on Schedule B, with the TDA amount being a negative number (net result is zero, for the two transactions). Because it's really a reimbursement. I do no...
by Leesbro63
Sat Aug 25, 2018 3:51 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 184
Views: 25765

Re: Don’t cheat yourself with the 4% rule

Sounds about right. But doesn’t change the tact that assuming we’ll bounce back from recession, like we have, might not be prudent. And that we might be closer to a point where we can no longer borrow cheaply/with minimal consequences to get out of recession. Put another way, future recessions might...
by Leesbro63
Sat Aug 25, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 184
Views: 25765

Re: Don’t cheat yourself with the 4% rule

Also, a relatively short-term recession shouldn't represent a real threat to early retirees as it alone does not constitute a poor sequence of returns. In fact, early retirees should know full well that they are likely to experience many recessions throughout the course of their retirement. Since t...
by Leesbro63
Fri Aug 24, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1206
Views: 207573

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

As part of my accounts consolidation, I am closing my TDAmeritrade account and transferring to Etrade. It is also nice to get a transfer bonus :D I will probably get hit with the TDAM $75 account closing fee. My question is the tax aspects. I will most likely get a 1099Misc for the full transfer bo...
by Leesbro63
Thu Aug 23, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4351

Re: Suggestions for a Generous Grandparent?

Here's another idea. Something like (or actually) the Pennsylvania Guaranteed Savings Plan, which is essentially a prepaid college plan. She can buy prepaid credits for each grandkid. This would work around the problem of less time for the older kids money to grow. And would be fair...each grand ki...
by Leesbro63
Thu Aug 23, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4351

Re: Suggestions for a Generous Grandparent?

Here's another idea. Something like (or actually) the Pennsylvania Guaranteed Savings Plan, which is essentially a prepaid college plan. She can buy prepaid credits for each grandkid. This would work around the problem of less time for the older kids money to grow. And would be fair...each grand kid...