Search found 200 matches

by Mr. Gatti
Mon Oct 14, 2019 10:14 am
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 5430

Re: What workout equipment to get?

Looking to get more exercise at home but all of the equipment seems to be so costly. Ideally looking for one piece of cardio and one piece for strength training that can hit a variety of muscle groups. Any recommendations? Brands that are worth the price? Running shoes... a jump rope... a barbell w...
by Mr. Gatti
Sat Dec 01, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: New Construction House - Paid off house, how to fund?
Replies: 0
Views: 407

New Construction House - Paid off house, how to fund?

Getting ready to start construction on new home. Our current house is paid off. No other debt. We have checked with the bank on a construction loan and wanted to see the best way we should fund the new construction. We would like to stay in our current home until new construction is finished. Ideall...
by Mr. Gatti
Sun Sep 23, 2018 11:45 pm
Forum: Personal Consumer Issues
Topic: Best/worst flavors of Gatorade/Powerade
Replies: 25
Views: 2818

Re: Best/worst flavors of Gatorade/Powerade

Citrus Cooler and Lemon-Lime Gatorade were always my favorite. They were even better when they came in the glass bottles.
by Mr. Gatti
Sat Sep 01, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: Help Us Pick a Lot to Build On - Which Neighborhood Option?
Replies: 19
Views: 2009

Re: Help Us Pick a Lot to Build On - Which Neighborhood Option?

Lot is backed up to woods that shouldn’t be developed for quite a while. But it will be built on sometime. My parents bought a house in the middle of subdivision where one side of the subdivision had a private gold course along the side of the subdivision. The lots next to the golf course cost a lo...
by Mr. Gatti
Sat Sep 01, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Help Us Pick a Lot to Build On - Which Neighborhood Option?
Replies: 19
Views: 2009

Re: Help Us Pick a Lot to Build On - Which Neighborhood Option?

Do you like lots of space? If so, the 2nd option with the two acres would be nice. Do you mind driving an additional 5 minutes? Do you mind having a septic? For many years when our kids were younger, we had lots of issues with ours, but also have a lot of trees. I think we would enjoy the space and...
by Mr. Gatti
Sat Sep 01, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Help Us Pick a Lot to Build On - Which Neighborhood Option?
Replies: 19
Views: 2009

Re: Help Us Pick a Lot to Build On - Which Neighborhood Option?

Other things to consider: How close are the lots to work and places you frequently go to? (Consider walking distance as well as driving.) Abt 4 mins vs abt 7-8 mins for most places How good are the closest schools (regardless if you have kids or not) Our kids’ private school is less than 1.5 miles ...
by Mr. Gatti
Fri Aug 31, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: Help Us Pick a Lot to Build On - Which Neighborhood Option?
Replies: 19
Views: 2009

Help Us Pick a Lot to Build On - Which Neighborhood Option?

We are looking to build a new house and are torn between 2 choices and looking for input, opinions, or things we may not have thought of. We have the plans drawn up and thought we were set and then found another lot that is now available. We feel comfortable/confident with either builder. Each build...
by Mr. Gatti
Mon Mar 12, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Any reasons not to donate shares from taxable?
Replies: 48
Views: 3746

Re: Any reasons not to donate shares from taxable?

If I put, say, stock shares in a DAF, can they be converted to something else? I'm thinking that if I donated equities I would worry a bit about the stability, I'd rather the DAF hold something like bonds. Yes, once you put the money in the DAF, you still decide the allocation. They have different ...
by Mr. Gatti
Mon Mar 12, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Any reasons not to donate shares from taxable?
Replies: 48
Views: 3746

Re: Any reasons not to donate shares from taxable?

Make sure you are going to be itemizing. If not, consider bunching deductions. We use a donor-advised fund at vanguard and take the standard deduction in the years we don’t bunch.
by Mr. Gatti
Wed Feb 07, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: iPhone backup for dummies (OneDrive, external hard drive)
Replies: 10
Views: 1130

iPhone backup for dummies (OneDrive, external hard drive)

This is what I have: - Mr. Gatti iPhone - Mrs. Gatti iPhone - new iPhone (for Mrs. Gatti) - PC - OneDrive 1 TB plan - iCloud plan - external hard drive (WD Passport) This is the issue: I am trying to back up all the photos and videos off our iPhones and would ideally like to have them backed up to a...
by Mr. Gatti
Wed Jan 03, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 43537

Re: Ally Bank 11 month [No-Penalty CD]

Anybody had any trouble with delay in getting the ACH transfer? I verified account on the 27th but the transfer has not gone through yet. I plan on calling them tomorrow but didn’t know if anybody else had experienced this.
by Mr. Gatti
Mon Jan 01, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 2% 12 month CD expires tomorrow
Replies: 13
Views: 2911

Re: Ally Bank 2% 12 month CD expires tomorrow

Can anyone confirm that the cd does not have to be funded by tomorrow to get the rate as long as you get it funded within 10 days of opening? Thanks.
by Mr. Gatti
Sun Aug 06, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Panama Beach Fl 2nd home?
Replies: 4
Views: 1153

Re: Panama Beach Fl 2nd home?

Mrs. Gatti's family has a beach house in PCB. Weather is great most of year. We enjoy it. We are about a mile or so east of Pier Park. We made the mistake one year of being down there one of the weekends of Thunder Beach (twice/yr). Won't do that again.
by Mr. Gatti
Mon Jul 10, 2017 9:17 pm
Forum: Personal Consumer Issues
Topic: instant pot [Pressure cooker]
Replies: 34
Views: 4603

Re: instant pot

DW bought one several months ago. We (She) use(s) it a few times a week. She cooks rice, chicken, pork, vegetables, and more. It cooks fast, clean up is relatively easy, and the food really is delicious. We plan to buy a bigger one in the near future.
by Mr. Gatti
Mon May 22, 2017 10:19 pm
Forum: Personal Consumer Issues
Topic: Restoring Church Pew
Replies: 4
Views: 930

Restoring Church Pew

Our church is renovating and we were able to claim one of the pews that they are getting rid of to have in our home. Problem is the pew is 12 feet long. :oops: We thought about having it cut down and made into 2 pew benches- using both the existing pew ends on one and maybe trying to order new pew e...
by Mr. Gatti
Wed May 10, 2017 9:33 pm
Forum: Personal Investments
Topic: MetLife and Prudential Variable Annuities - Best way to proceed
Replies: 3
Views: 945

Re: MetLife and Prudential Variable Annuities - Best way to proceed

Prudential prospectus: https://www.annuities.prudential.com/media/managed/documents/ams_investor/core1_pros.pdf?siteID=25 MetLife (Now Brighthouse) prospectus: https://www.metlife-edelivery.com/summaryView.aspx?auth=504B6F31307553496A344D364A774B436B6B4A566B67323069543745654154696D4E6769736E554D3245...
by Mr. Gatti
Wed May 10, 2017 9:23 pm
Forum: Personal Investments
Topic: MetLife and Prudential Variable Annuities - Best way to proceed
Replies: 3
Views: 945

MetLife and Prudential Variable Annuities - Best way to proceed

Helping a relative that has 2 high fee VA's that have been held for 17 years. Money is not and will not be needed. Both are non-qualified. Age 67. Annuity #1: Prudential Advanced Series XTra Credit Cash value: $212,000 Rider - GRO Plus (Guaranteed Return Option): $170,000 Fees: M&E and Adm: 0.65% GR...
by Mr. Gatti
Mon May 01, 2017 9:37 pm
Forum: Personal Investments
Topic: Capital One 360 CD - won't allow beneficiaries?
Replies: 9
Views: 4030

Re: Capital One 360 CD - won't allow beneficiaries?

Ok, I have been researching today and may not be at fdic limits at synchrony after all. I was under impression the fdic limit was 250k but it looks like with an individual owner and 2 beneficiaries, the fdic amount will be 500k. Am I understanding this correctly? Thanks.
by Mr. Gatti
Mon May 01, 2017 11:28 am
Forum: Personal Investments
Topic: Capital One 360 CD - won't allow beneficiaries?
Replies: 9
Views: 4030

Re: Capital One 360 CD - won't allow beneficiaries?

Good point. Definitely something to consider.
by Mr. Gatti
Mon May 01, 2017 9:28 am
Forum: Personal Investments
Topic: Capital One 360 CD - won't allow beneficiaries?
Replies: 9
Views: 4030

Re: Capital One 360 CD - won't allow beneficiaries?

I do like Synchrony, but already at fdic limits there. I wonder as far as using the joint owner instead of POD at capital one 360 if you could open one cd with one beneficiary as joint owner and open another cd with another beneficiary as joint owner. (2 co-beneficiaries) I saw where you could only ...
by Mr. Gatti
Sun Apr 30, 2017 10:27 pm
Forum: Personal Investments
Topic: Capital One 360 CD - won't allow beneficiaries?
Replies: 9
Views: 4030

Capital One 360 CD - won't allow beneficiaries?

I was looking at opening a 5-yr cd at Capital One 360 at 2.30% and was reading on the depositaccounts.com blog and saw that it said this: "Be aware that Capital One 360 does not allow beneficiaries (POD, in trust for, etc.) on their accounts." So if the owner dies, the cd just goes into the estate a...
by Mr. Gatti
Sun Apr 23, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Installment Sale of business / Keeping money separate
Replies: 1
Views: 296

Installment Sale of business / Keeping money separate

I have a family member who sold a business and did an installment sale over 12(?) years. She says her accountant told her the installment payments for the business have to be kept in separate accounts from her personal accounts until all the payments have been paid and the business has been paid off...
by Mr. Gatti
Thu Apr 06, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Something Fishy?: Gifting Shares to Non-profit; Form altered
Replies: 6
Views: 913

Re: Something Fishy?: Gifting Shares to Non-profit; Form altered

This situation or risk is one advantage of having such non-profit donations from you go through a Donor advised fund. Based on what you describe I would not let this organization directly handle any such vanguard forms. Good to know that Vanguard caught the "discrepancy". Some non-profits are not a...
by Mr. Gatti
Thu Apr 06, 2017 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Something Fishy?: Gifting Shares to Non-profit; Form altered
Replies: 6
Views: 913

Re: Something Fishy?: Gifting Shares to Non-profit; Form altered

It also seems doubtful that a charitable organization or even a rogue employee at a charitable organization would think that emptying your account would be a good idea or could be accomplished undetected and without consequences. I was trying to sit there and I never could figure out either how som...
by Mr. Gatti
Thu Apr 06, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Something Fishy?: Gifting Shares to Non-profit; Form altered
Replies: 6
Views: 913

Re: Something Fishy?: Gifting Shares to Non-profit; Form altered

Is this a substantial amount? If so I would feel a bit put off being "delegated" down to the other person. The higher-up at the org should have taken ownership especially when it's a question of integrity. It may well be a clerical error or a computer issue but that should have been caught by the o...
by Mr. Gatti
Thu Apr 06, 2017 8:51 pm
Forum: Personal Consumer Issues
Topic: Need recommendation for home alarm system
Replies: 48
Views: 5018

Re: Need recommendation for home alarm system

How do you all have the simply safe system installed? Do you put a sensor on every door and window, and a motion sensor or two in the main rooms in your house? Pretty much...All doors, most windows, 3 motion sensors throughout house, a couple of panic buttons, and a Springfield waiting for them if ...
by Mr. Gatti
Thu Apr 06, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: Need recommendation for home alarm system
Replies: 48
Views: 5018

Re: Need recommendation for home alarm system

We have had Simplisafe for a little over a year and are pleased. The module has a cellular chip that is inside of it. Ours originally came with a T-Mobile chip and T-Mobile service here stinks so they replaced it with a Verizon chip and we haven't really had any trouble with it since.
by Mr. Gatti
Thu Apr 06, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Something Fishy?: Gifting Shares to Non-profit; Form altered
Replies: 6
Views: 913

Something Fishy?: Gifting Shares to Non-profit; Form altered

We were/are planning on gifting appreciated Vanguard shares to a non-profit organization. I filled out our portion of the form, sent it on to the organization for them to complete their portion. They contacted me and said they had finished the form and asked if I wanted to pick up the form or have t...
by Mr. Gatti
Fri Mar 24, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: VALIC refusing to send 1099-R
Replies: 2
Views: 576

VALIC refusing to send 1099-R

So I helped someone get their traditional IRA rolled over from VALIC to Vanguard. Their CPA is telling them they need a 1099-R. I also asked a CPA friend of mine who said this was correct that VALIC should give a 1099-R with the gross amount transferred but a taxable amount of zero and coded with th...
by Mr. Gatti
Thu Feb 09, 2017 7:17 pm
Forum: Personal Investments
Topic: VA: Axa Accumulator to keep or not?
Replies: 15
Views: 3674

Re: VA: Axa Accumulator to keep or not?

I am interested in this topic as I have a family member with similar AXA variable annuities. In speaking of the death benefit, one point I haven't seen mentioned is that in the AXA VA's I have seen, the death benefit goes away at a certain age (90 or 95) and the contract reverts back to the contract...
by Mr. Gatti
Sat Jan 28, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy my parents' house?
Replies: 12
Views: 2304

Re: Should we buy my parents' house?

OP here- Good points by all. We are currently on the fence and have just started to discuss this. Some days we think it would be a great idea. Other days we are like, "Are we crazy?" A gut reno only 160K? That seems like a very low estimate unless a small home and or LCOLA. Maybe there are different...
by Mr. Gatti
Sat Jan 28, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy my parents' house?
Replies: 12
Views: 2304

Re: Should we buy my parents' house?

Capital gains. Good point but doubtful at this point. Looks like you can exclude $250k if filing single or $500k if MFJ. If they bought it for $150K in the late 80's, there shouldn't be any cap gains for a house sale of $400k (or $650k for MFJ). I feel confident value is well under $400k right now ...
by Mr. Gatti
Sat Jan 28, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy my parents' house?
Replies: 12
Views: 2304

Should we buy my parents' house?

My aging parents (late 70's) have begun to express some interest in downsizing/selling their house. This is the house I grew up in. My dad made mention the other day that they are thinking they will stay there, Lord willing, for about 7 more years. The house was built in the mid 1970's. The house ha...
by Mr. Gatti
Sat Dec 17, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 43537

Re: Ally Bank 1.25% 11 month with no EWP

Or right now for up to $10K per taxpayer per year, you could get I bonds with a guaranteed minimum of 1.38%. You can not redeem the first year and if redeemed before 5 years, there is a 3 month penalty. Technically, you are correct about not redeeming within first 12 months. If you buy at the end o...
by Mr. Gatti
Sat Dec 17, 2016 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 43537

Re: Ally Bank 1.25% 11 month with no EWP

Or right now for up to $10K per taxpayer per year, you could get I bonds with a guaranteed minimum of 1.38%.
by Mr. Gatti
Tue Dec 13, 2016 3:27 pm
Forum: Personal Investments
Topic: Bad Time for a Retiree To Invest Heavy in Bonds?
Replies: 24
Views: 5416

Re: Bad Time for a Retiree To Invest Heavy in Bonds?

I just found a good article on Target Retirement vs. Life Strategy Funds, and I think I understand the difference but have a lingering question: The Target Retirement funds have stocks/bonds which are rebalanced based on a set retirement date, while the Life Strategy Funds are a "fund of funds" tha...
by Mr. Gatti
Fri Dec 02, 2016 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: "E-E bonds" or "Double E bonds" ?
Replies: 8
Views: 1387

"E-E bonds" or "Double E bonds" ?

You say potato. I say po-tah-to...

I was having a discussion the other day with someone and we were talking about EE bonds. He said one way and I have always said the other. Which way do you say?
by Mr. Gatti
Tue Oct 25, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: Variable Annuity with Death Benefit
Replies: 16
Views: 3116

Re: Variable Annuity with Death Benefit

Generally something with so many moving parts and costs would not be advised. Given the costs, typically the purchaser is forced into taking the featured benefit as the possibility for normal growth is canaballized by the fees. That said, if someone can promise they won't have a need for the money,...
by Mr. Gatti
Wed Oct 12, 2016 12:06 am
Forum: Personal Consumer Issues
Topic: Bank promotion- PNC Bank
Replies: 10
Views: 3252

Re: Two bank promotions- Citibank and PNC Bank

I just glanced at the Citi one (and I mean looked for about one minute) but what jumped out at me was you are leaving out "10x interest UP TO $400 bonus." If you look at the fine print, looks like interest ranges from 0.01 to 0.1 %. You have to leave money in for 90 days and it may take up to anothe...
by Mr. Gatti
Sat Aug 13, 2016 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Any lawyers out there. Bike hits car, minor and parents have no insurance
Replies: 91
Views: 11180

Re: Any lawyers out there. Bike hits car, minor and parents have no insurance

Can you barter for yard work, cleaning the garage etc. that could work off the debt? I would not let some stranger that can't come up with $800 work on my property under duress. There are too many things that could go wrong. This. All I can see is kid falling and breaking his neck or cutting his fo...
by Mr. Gatti
Wed Mar 16, 2016 10:27 pm
Forum: Personal Investments
Topic: Question about investing in taxable accounts
Replies: 11
Views: 1791

Re: Question about investing in taxable accounts

Max the Roth. Once the tax year is gone, that tax-free space is gone forever.
by Mr. Gatti
Tue Nov 17, 2015 12:14 am
Forum: Personal Investments
Topic: Extremely Risk Averse relative - options
Replies: 16
Views: 2318

Re: Extremely Risk Averse relative - options

Great points. Sorry, when I said "new" advisor I was referring to same one at the beginning of the post. I think relative realizes she doesn't want what this FA is selling. :sharebeer My recommendations to her are going to go something like this: 1. Open Treasury Direct account. Contribute max ($10k...
by Mr. Gatti
Wed Nov 11, 2015 2:43 pm
Forum: Personal Investments
Topic: Extremely Risk Averse relative - options
Replies: 16
Views: 2318

Re: Extremely Risk Averse relative - options

Thanks for all the responses. I am encouraged by the comments that 10/90 may not be ideal but it may not be the worst thing after all. FA has already been in contact this week again. For the purposes of the GUL, he was proposing putting this in an ILIT. In what cases would an ILIT be appropriate? Wo...
by Mr. Gatti
Sat Nov 07, 2015 4:52 pm
Forum: Personal Investments
Topic: Extremely Risk Averse relative - options
Replies: 16
Views: 2318

Re: Extremely Risk Averse relative - options

Thanks for the responses. Can you explain to me further the disadvantages on the universal life? I know it is not supposed to be good, but I don't know how to explain that to her when on that fancy illustration, it shows an IRR of 5% if living to age 90 and never less than a 2% IRR. FA suggested tak...
by Mr. Gatti
Sat Nov 07, 2015 4:00 pm
Forum: Personal Investments
Topic: Extremely Risk Averse relative - options
Replies: 16
Views: 2318

Extremely Risk Averse relative - options

Good afternoon, all. I have a family member who has asked for guidance and asked me to meet with a financial adviser with her. She is mid-60s, retired, sizable estate, <2% withdrawal rate, goal to leave estate to heirs. Financial adviser pitched variable annuities, group universal life, and an activ...
by Mr. Gatti
Sat Sep 26, 2015 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 7266

Re: Age 29 & married, how much life insurance?

Don't forget long-term disability insurance. Do you or your wife have that? You are more likely to become disabled and be unable to work than you are to die before you retire.

https://www.bogleheads.org/wiki/Disability_insurance
by Mr. Gatti
Fri Sep 18, 2015 2:01 pm
Forum: Personal Investments
Topic: Variable Annuity - Outliving Death Benefit
Replies: 3
Views: 596

Re: Variable Annuity - Outliving Death Benefit

What is the exact name of the annuity contract? Sometimes having multiple eyes read the prospectus may provide you with a more thorough and accurate set of answers to your questions. This example is an AXA annuity. Some of the others are Ohio National. I will check and see if I can find out the spe...
by Mr. Gatti
Thu Sep 17, 2015 11:36 pm
Forum: Personal Investments
Topic: Variable Annuity - Outliving Death Benefit
Replies: 3
Views: 596

Variable Annuity - Outliving Death Benefit

Good evening. I have a family member who has put a majority of their savings into several variable annuities they have held for several years (no surrender charges anymore). They have asked me for my suggestions as far as their options. Here is an example of one contract. Annuitant is age 75. Cash v...
by Mr. Gatti
Sun Feb 15, 2015 9:17 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri's 30-year Market Forecast
Replies: 3
Views: 1843

Rick Ferri's 30-year Market Forecast

I always find Mr. Ferri's 30-year market forecast interesting but I haven't been able to find this year's edition posted anywhere yet. Does anyone know where it is posted or maybe if he is just posting later in the year? I appreciate his and others' insights into the topic. Thanks.

Mr. Gatti