Search found 1840 matches

by guitarguy
Sat Feb 13, 2021 4:28 pm
Forum: Personal Consumer Issues
Topic: How to get roadside assistance without AAA?
Replies: 112
Views: 9148

Re: How to get roadside assistance without AAA?

We just ditched AAA. Chase offers roadside “dispatch” on many of their cards that we have. You’ll have to pay for the service, but they cover you 24/7 with a quote for services and dispatching help. AAA at $84/yr (for 2 people)...after a decade or so of paying for this...maybe 2 calls for help, and ...
by guitarguy
Fri Feb 05, 2021 6:02 pm
Forum: Personal Consumer Issues
Topic: What are your staple healthy meals?
Replies: 122
Views: 9926

What are your staple healthy meals?

The title says it all friends...we are looking for some new ideas! What are those top 5 (ish) meals that y’all find yourself making regularly? No food allergies or any special diet restrictions to take note of, but we are looking to stay on the healthy side and don’t eat a lot of red meat (maybe onc...
by guitarguy
Mon Feb 01, 2021 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Is there harm in maxing out credit card?
Replies: 27
Views: 1471

Re: Is there harm in maxing out credit card?

I got a credit card that had a 0%-interest rate for 12 months. I promptly took out cash in the amount of the maximum limit on it which was $25,000 and invested it in a 5% CD back in the day. As I recall my credit score took a 20 point hit even though my total credit usage was under 5%. So my answer...
by guitarguy
Mon Feb 01, 2021 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: First time maxing Roth IRAs in January!
Replies: 6
Views: 864

Re: First time maxing Roth IRAs in January!

Next time wait a year, and do two years times two people = $24,000 or even more if contribution limit increases! :beer And it sounds like you've been keeping the money in cash before contributing it. Nothing wrong with that, just want to mention that you could invest it in a taxable account through...
by guitarguy
Mon Feb 01, 2021 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is there harm in maxing out credit card?
Replies: 27
Views: 1471

Re: Is there harm in maxing out credit card?

It doesn't seem like there is a problem if you pay it off right away. The limit is ridiculously low though. Unless you have a really terrible credit score, you should be able to call them and just have it increased (which will help your credit score). Credit score is over 800. I’ve found this to be...
by guitarguy
Mon Feb 01, 2021 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is there harm in maxing out credit card?
Replies: 27
Views: 1471

Re: Is there harm in maxing out credit card?

Absolutely - Ones supposed to Collect Interest - Not Pay it! Why would the OP be paying interest if it was paid off the next day? Sure.... Sorry to be abrupt, but I've never heard a that in the BogleLifeStyle Guide. Credit has a way a goin Bad, get a better rate if necessary. Haha. Read the "W...
by guitarguy
Mon Feb 01, 2021 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is there harm in maxing out credit card?
Replies: 27
Views: 1471

Re: Is there harm in maxing out credit card?

Thanks for the info everyone!

Seems like I'll plan to give Citi a call, move forward with the transaction, and pay it off right away.

FYI - the $4600 is all in (nothing else will increase the total).
by guitarguy
Mon Feb 01, 2021 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is there harm in maxing out credit card?
Replies: 27
Views: 1471

Re: Is there harm in maxing out credit card?

Absolutely - Ones supposed to Collect Interest - Not Pay it! Why would the OP be paying interest if it was paid off the next day? Sure.... Sorry to be abrupt, but I've never heard a that in the BogleLifeStyle Guide. Credit has a way a goin Bad, get a better rate if necessary. Haha. Read the "W...
by guitarguy
Mon Feb 01, 2021 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is there harm in maxing out credit card?
Replies: 27
Views: 1471

Re: Is there harm in maxing out credit card?

FYI - I would pay off the full $4600 like the next day after the charge goes through, so it wouldn't stay maxed out for long. Should anything here be cause for concern? Probably no cause for concern, although it is possible that Citi could have set either a daily spending limit or single purchase l...
by guitarguy
Mon Feb 01, 2021 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is there harm in maxing out credit card?
Replies: 27
Views: 1471

Re: Is there harm in maxing out credit card?

cacophony wrote: Mon Feb 01, 2021 1:51 pm
kabob wrote: Mon Feb 01, 2021 1:44 pm Absolutely - Ones supposed to Collect Interest - Not Pay it!
Why would the OP be paying interest if it was paid off the next day?
Exactly...shunnnn and shaaaaame!!! (Without even reading the post.)

:sharebeer
by guitarguy
Mon Feb 01, 2021 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Motivate Graduating HS Sr to Start Life - facing an uphill climb
Replies: 175
Views: 12543

Re: Motivate Graduating HS Sr to Start Life - facing an uphill climb

Question that I haven't really seen addressed: What are his interests? What does he like to do? What's he into? You said he's financially responsible (that's good) and does well at things he puts his mind to. Like what? Maybe he could start a business...ya know...Rich Dad Poor Dad and stuff. :mrgreen:
by guitarguy
Mon Feb 01, 2021 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is there harm in maxing out credit card?
Replies: 27
Views: 1471

Is there harm in maxing out credit card?

So...I recently signed up for the Citi Premier credit card, and was approved with a $4600 limit. (I've found Citi to be typical in terms of LOW credit limits...but that's another discussion :annoyed ). I got the card planning on using it for a large upcoming expense, and then cashing in the large si...
by guitarguy
Thu Jan 28, 2021 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5102
Views: 963018

Re: What's Your Credit Card Rewards Strategy?

No, Chase has 5/24 which is much more punitive. While my wife and I can continuously refer each other to AMEX cards we've already had, you cannot do the same with Chase. My wife and I have opened 15 Business Green Rewards cards between the two of us over 4 years that have earned us 300,000 MR point...
by guitarguy
Tue Jan 19, 2021 8:12 am
Forum: Personal Finance (Not Investing)
Topic: PIP on Auto Ins - Necessary?
Replies: 15
Views: 1091

Re: PIP on Auto Ins - Necessary?

Thanks for the responses all! I will have to look into our medical insurance and see if it somehow would disqualify injuries sustained in a car accident. To me this is crazy!!! How can they do that? :confused I already have short and long term disability insurance through my employer that would cove...
by guitarguy
Mon Jan 18, 2021 8:55 am
Forum: Personal Finance (Not Investing)
Topic: PIP on Auto Ins - Necessary?
Replies: 15
Views: 1091

PIP on Auto Ins - Necessary?

Hi All, We received an email from our auto insurance provider prompting us to "adjust" our coverage for PIP on our auto policy. I believe, this past summer, our state is no longer requiring the purchase of PIP coverage. Do we need this? From what I gather, our regular health insurance cove...
by guitarguy
Wed Jan 13, 2021 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: First time maxing Roth IRAs in January!
Replies: 6
Views: 864

Re: First time maxing Roth IRAs in January!

It's a little nerve racking pulling that much out of our liquid funds all at once, and also because the market is so boomy now and it could be a bubble... This part I think could be quantified further. I should clarify...it was just a little weird “spending” $12k at once with a big contribution and...
by guitarguy
Wed Jan 13, 2021 7:51 am
Forum: Personal Finance (Not Investing)
Topic: First time maxing Roth IRAs in January!
Replies: 6
Views: 864

First time maxing Roth IRAs in January!

Pretty excited...for the first time here in 2021 we were able to max our Roth IRAs up front in January rather than doing the $500/m (x 2) route. It's a little nerve racking pulling that much out of our liquid funds all at once, and also because the market is so boomy now and it could be a bubble...b...
by guitarguy
Tue Jan 12, 2021 8:48 am
Forum: Personal Investments
Topic: Portfolio Checkup (Parent with Short Life Expectancy)
Replies: 10
Views: 1004

Re: Portfolio Checkup (Parent with Short Life Expectancy)

Anyone have any advice on the bond fund? Should we be looking at something other than Total Bond in her IRA? I don't really care about returns, just want something as low risk as possible that would hopefully keep up with inflation over the next few years more than dead cash in a savings acct. Admit...
by guitarguy
Tue Jan 12, 2021 8:45 am
Forum: Personal Investments
Topic: Portfolio Checkup (Parent with Short Life Expectancy)
Replies: 10
Views: 1004

Re: Portfolio Checkup (Parent with Short Life Expectancy)

The SECURE Act pushed the RMD starting age back from 70-1/2 to 72 effective 1/1/20. Yep, that's what I meant by no RMD's just yet. Either way, by drawing on the IRA and offsetting with large medical expense deductions we should have nothing to worry about there as long as we stick to not doing the ...
by guitarguy
Mon Jan 11, 2021 6:39 pm
Forum: Personal Investments
Topic: Portfolio Checkup (Parent with Short Life Expectancy)
Replies: 10
Views: 1004

Re: Portfolio Checkup (Parent with Short Life Expectancy)

Rather than re-investing the tIRA distributions in a Taxable account, does it make sense to do Roth conversions? The Roth account will grow tax free. Keep in mind that RMDs, if any, can’t be converted to a Roth IRA and the initial Roth IRA 5-year clock, if this her 1st Roth IRA. I had thought of th...
by guitarguy
Mon Jan 11, 2021 6:30 pm
Forum: Personal Investments
Topic: Portfolio Checkup (Parent with Short Life Expectancy)
Replies: 10
Views: 1004

Re: Portfolio Checkup (Parent with Short Life Expectancy)

.... .... Is the cash expected to cover her needs for the next few years?... I haven't seen an answer to this question yet. If max life expectancy is five years, then I'd want to set aside at least five years 'guaranteed' finances even if it means your equities are zero percent. Thanks for the inpu...
by guitarguy
Mon Jan 11, 2021 9:39 am
Forum: Personal Investments
Topic: Portfolio Checkup (Parent with Short Life Expectancy)
Replies: 10
Views: 1004

Re: Portfolio Checkup (Parent with Short Life Expectancy)

Sorry to hear about your mother. Glad that she's still doing well. To your question on AA, not sure I follow. The target is 75-25, but it's obviously more conservative right now. In that light, the AA is not correct; the cash and some of the total bond fund should be moved into the S&P fund. Is...
by guitarguy
Mon Jan 11, 2021 9:05 am
Forum: Personal Investments
Topic: Portfolio Checkup (Parent with Short Life Expectancy)
Replies: 10
Views: 1004

Portfolio Checkup (Parent with Short Life Expectancy)

Hello All, I would like to check to see if anyone has any advice for me regarding my mother's portfolio. She unfortunately has ALS and a short life expectancy - per the doctors - 5 more years would be optimistic. We are obviously hoping for the best. Despite COVID not allowing much visiting time for...
by guitarguy
Wed Jul 15, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Deadline Tomorrow - Return (Presumably) Sitting in a Truck Somewhere
Replies: 47
Views: 2828

Re: Tax Deadline Tomorrow - Return (Presumably) Sitting in a Truck Somewhere

Thanks everyone! Yes - I will be definitely switching to e-file from now on. I guess in the past I've just never had an issue...and was dumb not to use certified...but oh well at this point! :oops: I do have a copy of my return...so no issue there. Thanks for dropping the knowledge about the postmar...
by guitarguy
Tue Jul 14, 2020 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Tax Deadline Tomorrow - Return (Presumably) Sitting in a Truck Somewhere
Replies: 47
Views: 2828

Re: Tax Deadline Tomorrow - Return (Presumably) Sitting in a Truck Somewhere

Covid-19 is impacting lots of things including the IRS processing tax returns. The IRS has a big backlog. They'll get to it when they get to it. You're definitely not the only in your position. You don't need to file an extension. You just have to be patient :) OK. I guess this has just been on my ...
by guitarguy
Tue Jul 14, 2020 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Tax Deadline Tomorrow - Return (Presumably) Sitting in a Truck Somewhere
Replies: 47
Views: 2828

Tax Deadline Tomorrow - Return (Presumably) Sitting in a Truck Somewhere

Hey All, Anyone else in this situation? I sent my return in early March by standard mail (something I probably won't ever do again after this...). I *assume* it's just sitting in a truck waiting to be processed...but I'm not actually sure I guess. Everything I read says "don't do anything"...
by guitarguy
Mon Apr 27, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tax return lost in mail (during weird pandemic times...)
Replies: 20
Views: 1520

Re: Tax return lost in mail (during weird pandemic times...)

Wow! Thanks for all the info! Yes - the “no info available” was through the “where’s my refund” portal. I now see it’s probably sitting in a truckload size pile of mail. I will sit tight. Can’t understand why the heck the where’s my refund portal didn’t have a covid note that they’re not being proce...
by guitarguy
Sat Apr 25, 2020 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Tax return lost in mail (during weird pandemic times...)
Replies: 20
Views: 1520

Tax return lost in mail (during weird pandemic times...)

Hey all, I mailed in my tax return March 14 and it still says “no info available” on the IRS site. It’s been 6 weeks...the max amount of time the website says to wait before calling. I call. Closed with no human support available due to covid with no support available...automated support only. Follo...
by guitarguy
Tue Mar 24, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: Deploying your emergency fund to buy stocks? Think again.
Replies: 187
Views: 31021

Re: Deploying your emergency fund to buy stocks? Think again.

However, what is the advice for people who may have a pile of cash this is intended for emergencies but they refuse to call it an emergency fund? Can they invest that now? We don't have a separate emergency fund, either. We have 10 years of living expenses in fixed income / cash equivalents, as par...
by guitarguy
Tue Mar 24, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 120978

Re: Why are you NOT buying rental properties?

Super interesting read. I'm very much planning on turning my current home into a rental property a few years down the road when we size up. We are in a great location as far as stable and ever-appreciating market / walk to bars and shops / etc, but we will want to size up when child #2 comes and/or ...
by guitarguy
Tue Mar 24, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Can I Book Plane Tix with Points And Cancel Card Before Flying?
Replies: 8
Views: 677

Re: Can I Book Plane Tix with Points And Cancel Card Before Flying?

Answer to the question in the thread title: Yes.

Answer to the question within the post: No.

:beer
by guitarguy
Thu Mar 12, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

I have an appointment with an elder law attorney tomorrow morning. I learned more in a 5 minute conversation with her than I did through several hours of googling, reading, and (no offense to anyone here) all the time I spent on the forum. As to be expected. I anticipate learning a LOT more tomorro...
by guitarguy
Thu Mar 12, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

I think I saw something about this in the thread before, but just in case.... You'll need to consult with a Medicaid specialist . Medicaid is very complex, and not something many elder law attorneys know enough about. Be sure to talk to someone who specializes in Medicaid. Medicaid is what elder la...
by guitarguy
Wed Mar 11, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

This is a rough scenario. I’m sorry to hear this. It sounds similar to what I have experienced with my mom over the last two years. I vote to protect assets such that as little as possible goes to the “medical industrial complex” and stays in the family. Discuss with mom her estate plan and meet a ...
by guitarguy
Wed Mar 11, 2020 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

My mother died from ALS 10 years ago this month. I have a few suggestions: I'm very sorry for your loss. Thanks for the suggestions. 1. Contact the local ALS support group in your area. Ask caregivers in that group for suggestions, and, even more importantly, what and who to avoid. Already done. Th...
by guitarguy
Wed Mar 11, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

OP. Your original post emphasized the stress on you and your entire family in caring for your mother at home. This seems primary to me. Why not take action with the funds she has and get her, now, into a facility. While you waffle around looking at alternatives and legalities the entire stress cont...
by guitarguy
Wed Mar 11, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

Sorry to hear about the illness - your mother is lucky to have all of your support. Regarding this longer term planning, I'd first discuss prognosis with her doctors to get a sense of her expected lifespan (would not be a precise estimate, but they might possibly be able to tell you if they expect ...
by guitarguy
Wed Mar 11, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

OP wrote: "....6. She has no debt and a portfolio (including an expected amount from the condo sale) of around $900k. So fortunately she has some assets to take care of herself. The goal for the whole family - and above that, for mom - is to figure out every possible avenue to protect what she...
by guitarguy
Wed Mar 11, 2020 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

stuff deleted Now, let's suppose you wind up sheltering assets and the facility you have your mom in takes medicaid. After a while, you realize the care is not what you want (or need). Now you need to move mom, and that's to a facility that takes patients *starting* on medicaid. This might be a cha...
by guitarguy
Tue Mar 10, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

Right. To me, this would be us kids letting her choose an inadequate facility just because it's cheaper and she can save more money to give us. As I said in my last post...she'll probably try to to that but we won't let it happen. Getting her lesser care to conserve our inheritance isn't what anyon...
by guitarguy
Tue Mar 10, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

This is a rough scenario. I’m sorry to hear this. It sounds similar to what I have experienced with my mom over the last two years. I vote to protect assets such that as little as possible goes to the “medical industrial complex” and stays in the family. Discuss with mom her estate plan and meet a ...
by guitarguy
Tue Mar 10, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

I just want to touch upon the medical side, if you don't mind. You said your brother is taking care of that. You also stated all decisions will be discussed together as a family. So has your mother clearly stated her own wishes? Is there medical/legal paperwork in place as far as an advance directi...
by guitarguy
Tue Mar 10, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

This is a rough scenario. I’m sorry to hear this. It sounds similar to what I have experienced with my mom over the last two years. I vote to protect assets such that as little as possible goes to the “medical industrial complex” and stays in the family. Discuss with mom her estate plan and meet a ...
by guitarguy
Tue Mar 10, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

... I am also a trustee - meaning it only takes my signature to do anything - while she's alive and after she's gone. I was advised that for matters of real estate, title companies would probably want the signatures of all trustees. (So we had my father resign as trustee before he became too incapa...
by guitarguy
Tue Mar 10, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Re: Parent has ALS; Need Financial & General Advice

OP, Your mother has substantial assets for her medical care. Use them. Why should taxpayers pay for her when she can pay herself? That is not fair and probably not legal. regards. Just to clarify, of course her assets will be used for her care. And we're not talking about doing anything illegal her...
by guitarguy
Tue Mar 10, 2020 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Parent has ALS; Need Financial & General Advice
Replies: 68
Views: 2964

Parent has ALS; Need Financial & General Advice

Hi All, Over the years I have posted here many times and gotten a wealth of advice that has served myself and my family so incredibly well. This will be the the most difficult post to date. Forgive the long backstory... A few weeks ago my mother was officially diagnosed with ALS. 3 years ago she wal...
by guitarguy
Tue Mar 10, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: The unicorn mortgage: 30 year fixed under 3%
Replies: 90
Views: 15728

Re: The unicorn mortgage: 30 year fixed under 3%

260chrisb wrote: Wed Mar 04, 2020 9:34 am Well done!! I thought I was living well with my 15 year 3% from four years ago!!
This is where I'm at haha. 15 year at 2.875% in 2015. Not going to bother touching that lol.
by guitarguy
Wed Feb 05, 2020 9:59 am
Forum: Personal Consumer Issues
Topic: NYC w/ 10 month old and no stroller or car seat. Doable?
Replies: 39
Views: 2575

Re: NYC w/ 10 month old and no stroller or car seat. Doable?

Thanks for the advice NYC'ers...you've sold me on not bringing the hiking backpack!

We'll save that for our next hiking trip to CO. :beer
by guitarguy
Wed Feb 05, 2020 9:58 am
Forum: Personal Consumer Issues
Topic: NYC w/ 10 month old and no stroller or car seat. Doable?
Replies: 39
Views: 2575

Re: NYC w/ 10 month old and no stroller or car seat. Doable?

Which airport are you coming to? There is public transport option at each of the airports. Don't carry the frame type carriers. You will have problem at every building to enter for security. Baby Bjorn style carriers are fine and common in NYC . Have a nice back pack baby bag as well with milk, toy...
by guitarguy
Wed Feb 05, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: NYC w/ 10 month old and no stroller or car seat. Doable?
Replies: 39
Views: 2575

Re: NYC w/ 10 month old and no stroller or car seat. Doable?

I agree with the suggestion to use something like the Ergo Carrier. The Baby Bjorn is not as comfortable for the baby or parent when worn for a significant duration. Are these vastly different? Interesting. Will have to look at this. So far the BB has been comfortable for my wife or I to wear and l...