Search found 5254 matches

by midareff
Wed Feb 21, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Horrible Experience with Ally New Account Opening Process
Replies: 20
Views: 1546

Re: Horrible Experience with Ally New Account Opening Process

mega317 wrote:
Tue Feb 20, 2018 10:00 pm
dkg2707 wrote:
Tue Feb 20, 2018 8:41 pm
Called them today again and they said they sent a postal mail.
Maybe wait for the mail to come?

Also check your email spam.
That's called address verification.
by midareff
Wed Feb 21, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 125
Views: 8921

Re: What big item (>20k) are you saving up for?

Of course if you're dropping that much money on watches, I doubt it was "hard-earned". Well said. Corn18 Retired Navy fighter / test pilot President, large defense company Never "earned" a dime in my life Ya gotta love capitalism right here in the USA. Bucket list still has a white gold (including ...
by midareff
Wed Feb 21, 2018 7:57 am
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 66
Views: 4189

Re: Multiple Offer situation/should we pull our offer?

I don't see where you have anything to lose by waiting an additional day. I'd also keep looking.
by midareff
Wed Feb 21, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: frustrated with patek philippe poor service
Replies: 29
Views: 2308

Re: frustrated with patek philippe poor service

Some watches such as Patek, or even a Rolex which is more common can be considered wearable art (Patek) or jewelry (Rolex, etc.). Everything in life requires maintenance, even us. For folks that can afford a new Patek I don't see a once or twice a lifetime maintenance like this as a big deal.
by midareff
Tue Feb 20, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Adviser said I made a big mistake switching 403b to Aspire??
Replies: 19
Views: 1457

Re: Adviser said I made a big mistake switching 403b to Aspire??

unclescrooge wrote:
Mon Feb 19, 2018 6:49 pm
Unlikely.
and highly so.... Why not switch to Vanguard and avoid the .15% add-on and the $40. Three funds is so simple I can't believe you can't do it yourself.
by midareff
Tue Feb 20, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Social Security and late life marriage
Replies: 10
Views: 1011

Re: Social Security and late life marriage

What if she retires at age 66, still single, starts collecting her own SS, then we marry a few years later but before I start SS, and then I die. Would she still get my larger SS benefit? You have to be married for 9 months prior to your death. We were told at an SS office about 30 days ago she nee...
by midareff
Mon Feb 19, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 11063

Re: Did you learn anything from the market correction?

I've been investing in markets since 1971 and have been through at least 30 of these since then. As far as learning from this one... only that they (markets) continue to do the same thing periodically they always do so.... not really.
by midareff
Mon Feb 19, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: "The Effects of Social Security Benefits and RMDs on Tax-Efficient Withdrawal Strategies"
Replies: 10
Views: 1988

Re: "The Effects of Social Security Benefits and RMDs on Tax-Efficient Withdrawal Strategies"

This is my first year of RMD and previously converted to the top of 15% the prior 4 years. It seems to appear that at least mathematically, to the range of the next bracket up provided you don't cross a Medicare cost barrier is effective to some slight degree as well, at least in the earlier years.
by midareff
Mon Feb 19, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Auto Shady Practice?
Replies: 31
Views: 2151

Re: GEICO Auto Shady Practice?

Never have been pushy with me. I do subscribe to their roadside service 4.00 -2018 Honda Civic 16.00-Class B/RV :happy Same here and also take the Roadside. Actually, they have been the opposite of pushy and even volunteered I could take a vehicle safety course online for an extra discount. Took it...
by midareff
Mon Feb 19, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Why not tax-exempt bonds?
Replies: 23
Views: 2313

Re: Why not tax-exempt bonds?

... why wouldn't you have your IRA 50/50 for higher RMD potential the bond portion in your preference of TBM, Corporates, whatever, and your taxable the same 50/50 with tax-ex bonds? The idea was to, as much as possible, stuff equities into taxable and bonds into tax-advantaged. Also, I would rathe...
by midareff
Mon Feb 19, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: First offer on a house...gut check
Replies: 16
Views: 2334

Re: First offer on a house...gut check

Seems like you have it well figured. Have you included closing costs in your remaining cash? Moving expenses and the things you might want to get to ASAP like new carpets, window coverings and so forth?
by midareff
Mon Feb 19, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Geico- big increase Bodily injury liability, property damage liability (WA)
Replies: 11
Views: 968

Re: Geico- big increase Bodily injury liability, property damage liability (WA)

It is always reassuring to quote around every couple of years. I have Geico and a new car ordered, as soon as I get the VIN I will be quoting them against Hartford, e Insurance, Progressive and such.
by midareff
Mon Feb 19, 2018 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Why not tax-exempt bonds?
Replies: 23
Views: 2313

Re: Why not tax-exempt bonds?

Background I am retired and have no earned income. I therefore cannot increase the size of the IRA. I want an overall 50/50 AA. Vanguard recommendation The Vanguard CFP recommends the following portfolio, split across Taxable and IRA accounts. Total Bond Market was recommended for all bonds. Taxabl...
by midareff
Mon Feb 19, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: What does it mean to be "in cash"?
Replies: 21
Views: 1226

Re: What does it mean to be "in cash"?

Hello - I keep hearing people say that they are "in cash", as opposed to being "in the market". "In cash" like how? A checking account, or a money market fund? Under their mattress, or in a coffee can buried in the back yard? :? Thanks For me it means Money Market(s) or Savings Accounts or CD's. Ag...
by midareff
Sun Feb 18, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Single People and Retirement Question
Replies: 102
Views: 8792

Re: Single People and Retirement Question

I was "between" wives for 17 years and worked 60 -70 hour weeks most of the time. I like to travel and did organized group tours that catered to singles. I went to China 2X, Thailand, Vietnam, Cambodia, Egypt, Kenya and Tanzania, South Africa, Victoria Falls, Botswana, Zululand, Swaziland, Scotland...
by midareff
Sat Feb 17, 2018 7:34 pm
Forum: Personal Consumer Issues
Topic: Mixing fuel octanes for cars
Replies: 57
Views: 3459

Re: Mixing fuel octanes for cars

Fuel with more energy, as in 91 or 93 octane compared to 87 or 89 octane, contains more energy and required less fuel to create the same explosive energy inside the cylinder. You are close to being correct, but octane has nothing to do with energy content. A higher octane rating means that the fuel...
by midareff
Sat Feb 17, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Mixing fuel octanes for cars
Replies: 57
Views: 3459

Re: Mixing fuel octanes for cars

Our strategy is to avoid buying any car that is so poorly designed as to require needlessly expensive gasoline. Marylander1 IMHO you are misinformed if you think Porsches, Lambos, Maseratis, AMG Benz, Ferrari or other exquisitely designed and engineered vehicles are poorly designed by requiring fue...
by midareff
Sat Feb 17, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Recurring charges after compromised card
Replies: 8
Views: 496

Re: Recurring charges after compromised card

I had some unauthorized charges on my Mastercard and they issued me a new card with a new card number. I know that companies for which you have set up recurring charges (autopays) can use a service to get this new number. According to what I was told by a credit card company previously (Amex), some...
by midareff
Sat Feb 17, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: USAA 41% More For Car Insurance
Replies: 43
Views: 2495

Re: USAA 41% More For Car Insurance

After 47 years with Liberty Mutual I quoted around for the first time in many years. Everyone was less expensive and Geico was about 33% of Liberty's charges.
by midareff
Thu Feb 15, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: How do docs treat "white coat hypertension"?
Replies: 35
Views: 2061

Re: How do docs treat "white coat hypertension"?

Same issue at every doctor except my primary, whose been my primary >20 years.
by midareff
Thu Feb 15, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 11063

Re: Did you learn anything from the market correction?

I learned that my instincts still work after a nearly 20 year career as an investor. I sent my team an email on 1/26 at 1:45pm with a 3 word subject of "Sell, Sell, Sell". I reduced my equity exposure by 50% at market close. There was no signal to me other than the speed of the move on 1/26. It als...
by midareff
Wed Feb 14, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone know of a Russia or Russia Focused Fund?
Replies: 1
Views: 339

Anyone know of a Russia or Russia Focused Fund?

Interested in a Russia Fund, Australia Fund and a fund for any of the worldwide bourses that does not have a purchase or sales fee. NO ETF's, just mutual funds.

Thanks in advance.
by midareff
Tue Feb 13, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: Expecting a crash...but staying the course
Replies: 8
Views: 1611

Re: Expecting a crash...but staying the course

My wife thinks she can read the market in her Tarot cards. I try to humor her but she doesn't get to hold the keys to the kingdom..
by midareff
Tue Feb 13, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor???
Replies: 11
Views: 689

Re: Financial Advisor???

Dealing with sales people taught me the ones who stay in sales know how to ask for the sale. That is what he was doing. I have been pitched by many but none of them can convince me they can produce enough risk adjusted alpha to cover their fees and recommended fund costs.. ... and that's the bottom ...
by midareff
Tue Feb 13, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: I'm Lost Please Help Me :(
Replies: 20
Views: 2192

Re: I'm Lost Please Help Me :(

#1. Read the Wiki here. #2. Aggressively get rid of the debt. #3. Establish the three fund portfolio, or as close as you can get in the 401. #4. After #2 max your 401 and open a taxable account at Vanguard and establish a three fund there. #5. Start on the recommended reading list in the Wiki.
by midareff
Tue Feb 13, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Appliance repair: manufacturer authorized tech vs generic repairman?
Replies: 23
Views: 1063

Re: Appliance repair: manufacturer authorized tech vs generic repairman?

It all depends on who you get. If the tech has been to the manufacturer's schools and is certified he/she should know what are doing. OTOH, a private shop who has been around may know how to fix it for pennies. Had that happen with a TV. Factory repair estimate was about $700 which I declined as it ...
by midareff
Tue Feb 13, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: Rolex
Replies: 45
Views: 4717

Re: Rolex

I worked downtown Miami for many years and had some friends in the jewelry business. Picked up a brand new grey market Datejust about 20 years ago from the Seybold Arcade for lots off and a Presidential that looked brand new with the sticker still on it from my friend at less than half of retail. Ha...
by midareff
Mon Feb 12, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 3912

Re: Going Paperless Issues

No email 99.9% of mine are auto debit from a checking account Utilities Insurance,Health ,auto home Cell phone internet bill I pay property tax at my discretion. Those are my "bills" :happy No email 92% of mine are auto charge to a 2% cash back credit card which is set to auto-pay in full monthly a...
by midareff
Mon Feb 12, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 70
Views: 4097

Re: How does one emotionally keep it together during market swings?

Gray... it's a market and that is what markets do. The last eight years is not what markets should be expected to do. BTW, Peter Lynch in his book "Beating the Street", copyright 1993 cited 33 prior modern time instances where the market has dropped 10% or more, I think at the time he also cited 13...
by midareff
Mon Feb 12, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Short term bonds with 6,7,&8% yield?
Replies: 7
Views: 898

Re: Short term bonds with 6,7,&8% yield?

You can find them in the lower end of the bond credit ratings. https://www.sec.gov/files/ib_high-yield.pdf going down the alphabet stop at J, for junk and go on to R, for really junk. You may get 6, 7 or 8% on some and you may get default and a fee pennies on the dollar on some. IMHO it's horrible ...
by midareff
Mon Feb 12, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Are REITs essentially taboo for years now with rising rates?
Replies: 55
Views: 5232

Re: Are REITs essentially taboo for years now with rising rates?

I previously held REIT's in an IRA but migrated out of them last year building a larger position in VFIAX and VTIAX. What in heavens name do VFIAX and VTIAX stand for? Ahhhh... bread and butter? Sorry, I though the "heads" would know those right off. They are the Vanguard 500 Index Admiral and Vang...
by midareff
Mon Feb 12, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: Cheap cell phone plans
Replies: 48
Views: 3331

Re: Cheap cell phone plans

GerryL wrote:
Mon Feb 05, 2018 9:19 pm
I have been on Consumer Cellular for several years. Discount from already low prices if you have AARP membership.
Agreed and have had good service and no issues. $41 a month for me and wife with unlimited phone and text, I have data she doesn't. We own our phones.
by midareff
Sun Feb 11, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Good companion card to Quicksilver?
Replies: 14
Views: 520

Re: Good companion card to Quicksilver?

Citi Double Cash. 2% Cash back unlimited. and the Fidelity Visa .. 2% back on everything. I use that one unless it's the grocery store, then it's the 6% AMEX Blue Cash Preferred, or gas, when it's the PenFed 5% gas card. I play the game for about $2200 a year in cash back. You have to have an eligi...
by midareff
Sun Feb 11, 2018 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Are REITs essentially taboo for years now with rising rates?
Replies: 55
Views: 5232

Re: Are REITs essentially taboo for years now with rising rates?

I previously held REIT's in an IRA but migrated out of them last year building a larger position in VFIAX and VTIAX.
by midareff
Sun Feb 11, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Good companion card to Quicksilver?
Replies: 14
Views: 520

Re: Good companion card to Quicksilver?

student wrote:
Sun Feb 11, 2018 6:28 pm
Citi Double Cash. 2% Cash back unlimited.
and the Fidelity Visa .. 2% back on everything. I use that one unless it's the grocery store, then it's the 6% AMEX Blue Cash Preferred, or gas, when it's the PenFed 5% gas card. I play the game for about $2200 a year in cash back.
by midareff
Sun Feb 11, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 70
Views: 4097

Re: How does one emotionally keep it together during market swings?

Gray... it's a market and that is what markets do. The last eight years is not what markets should be expected to do.
by midareff
Sun Feb 11, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Just how safe is a short-term corporate bond fund?
Replies: 33
Views: 2939

Re: Just how safe is a short-term corporate bond fund?

VSCSX is yielding about 2.3% or slightly less monthly over the last few months. It's NAV has declined .99% over the past 12 months. Net to you roughly 1.3%. Ally Bank currently paying 1.45% on savings accounts and is FDIC insured. Do not confuse SEC% with monthly yield and changes in NAV. I'd leave...
by midareff
Sun Feb 11, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 4710

Re: Family expecting “comps”

Interesting. . . to be so easily offended. . . without mentioning it first. . .perhaps a misunderstanding. . and then quick to pass judgement with a "nasty message". Yes. an expression of "resentment" as you sense, perhaps entitlement to your riches. Things like this reveal character, perhaps. As i...
by midareff
Sun Feb 11, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Just how safe is a short-term corporate bond fund?
Replies: 33
Views: 2939

Re: Just how safe is a short-term corporate bond fund?

VSCSX is yielding about 2.3% or slightly less monthly over the last few months. It's NAV has declined .99% over the past 12 months. Net to you roughly 1.3%. Ally Bank currently paying 1.45% on savings accounts and is FDIC insured. Do not confuse SEC% with monthly yield and changes in NAV. I'd leave...
by midareff
Sun Feb 11, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: 2 yrs to retirement - asset allocation?
Replies: 19
Views: 2202

Re: 2 yrs to retirement - asset allocation?

"Naturally, I'm not sleeping well at night because we're really beyond the 45/55 bond/equities ratios I've read about for this stage in investing life. I've lived through the crash and we were wiped out once and can't afford to do it again so close to retirement. I feel current markets are overvalue...
by midareff
Sun Feb 11, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: Single People and Retirement Question
Replies: 102
Views: 8792

Re: Single People and Retirement Question

I was "between" wives for 17 years and worked 60 -70 hour weeks most of the time. I like to travel and did organized group tours that catered to singles. I went to China 2X, Thailand, Vietnam, Cambodia, Egypt, Kenya and Tanzania, South Africa, Victoria Falls, Botswana, Zululand, Swaziland, Scotland,...
by midareff
Sun Feb 11, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: officiate a marriage
Replies: 13
Views: 919

Re: officiate a marriage

State laws differ on who can officiate at a marriage. In Florida a notary public is authorized to do so. Gill +1. Check with NY state and the local county. My wife's friend officiated our wedding in VA. All it took was one form to fill out and a small deposit, but ours wasn't affiliated with any re...
by midareff
Sun Feb 11, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6415

Re: Does it ever make sense to buy a new car?

I can recall keeping cars 10-15 years We are retired Now The clock is ticking I stopped rationalizing every financial move, and crunching every number. We purchased a 2017 Honda Civic 6 months ago. 4 days ago I was looking at the 2018 Touring Sport Civic Hatchback online. I found one. Sent an email...
by midareff
Sun Feb 11, 2018 8:35 am
Forum: Investing - Theory, News & General
Topic: Just how safe is a short-term corporate bond fund?
Replies: 33
Views: 2939

Re: Just how safe is a short-term corporate bond fund?

On the spectrum of investments, obviously, a short-term corporate bond (e.g. VSCSX) is pretty darn safe. For that reason, I'm considering doing something potentially dangerous: putting the 10s of thousands of dollars that I otherwise hold in cash (essentially, my emergency fund) in VSCSX. Advantage...
by midareff
Sat Feb 10, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: How to prepare for impact of marked inflation, devalue of dollar
Replies: 10
Views: 901

Re: How to prepare for impact of marked inflation, devalue of dollar

People need to be sensible as to whether they are trying to worry about normal ranges of inflation for which SS and a government pension are indexed and doomsday scenarios for which there is no realistic preparation. That doesn't mean having some supplies of food and water, good flashlights with ba...
by midareff
Sat Feb 10, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: How to prepare for impact of marked inflation, devalue of dollar
Replies: 10
Views: 901

Re: How to prepare for impact of marked inflation, devalue of dollar

Hmmmm.... at 70, retired with a cola'd pension and SS that cover our monthly before decumulation I don't see any meaningful change there. Portfolio pays the frills, nicer travel outside the country (mainly Viking now), and other luxury items. Average draw for last six years + this year will be 3.76%...
by midareff
Sat Feb 10, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Invest in 5% bond or Roth IRA?
Replies: 9
Views: 779

Re: Invest in 5% bond or Roth IRA?

mega317 wrote:
Sat Feb 10, 2018 7:41 am
Yes please post in great detail so we can either take advantage of the opportunity or explain why you shouldn't.
I would like to understand how 5% interest is low risk at any term right now.
by midareff
Thu Feb 08, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Best Funds for Roth IRA
Replies: 4
Views: 479

Re: Best Funds for Roth IRA

I use my Roth which is presently about 7% of total as a play money fund.
by midareff
Thu Feb 08, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13324

Re: Financial Hole

Re: (Cell phone-$165(wife pays,3 phones including her son's back east) Internet/phone/TV- Internet $70,cable $98,no home phone Credit card debt payment-Approx $210 monthly between 7 cards. Yes wife is addicted to cigarettes,so much so that she'd rather smoke than eat...therefore a pack a day x 7 = ...