Search found 18237 matches

by dm200
Sun Oct 21, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Protecting large sums of cash.
Replies: 20
Views: 1628

Re: Protecting large sums of cash.

Second, ask your broker to confirm that the deposit account records for its brokered CDs reflect the broker’s role as an agent for its clients (for instance, by titling the account “XYZ Brokerage, as Custodian for Clients”). That way, each client who owns the CD can qualify for up to at least $250,...
by dm200
Sun Oct 21, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Protecting large sums of cash.
Replies: 20
Views: 1628

Re: Protecting large sums of cash.

This topic keeps coming up here a lot. Just wondering when was the last time someone actually needed FDIC protection? Don’t flame me, I’m not saying you should not care about it, just trying to put a perspective in my head. I was the part-time manager of an organization for many years that held a l...
by dm200
Sun Oct 21, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 33
Views: 1790

Re: 8 reasons why pensions are [good]

There is no possible way you can make the math work to suggest that a teacher earning $45 - 55k per year will be better off without social security. Especially because they almost certainly aren't going to be able to save the difference anyway. Sure, for high income people the math is different. No...
by dm200
Sun Oct 21, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 122
Views: 4343

Re: Pull kids from school for vacations?

One of the most enjoyed vacations during our children's childhood involved pulling them from school. We scheduled a vacation during Spring Break to Disney World, only to discover SB was the following week! Worked out great in terms of crowds, and our children loved missing school, an event that did...
by dm200
Sun Oct 21, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 9
Views: 213

Re: Why Purchase an Automobile using Premium Gasoline?

How many consider the type of gasoline an automobile uses when purchasing? Automobiles using regular, unleaded gasoline typically, I think, get better mileage and have comparable torque and acceleration in my experience. What justifies the choice of significantly more expensive fuel other than simp...
by dm200
Sun Oct 21, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 107
Views: 5370

Re: Depositing Cash if it was gifted?

I don't know why people still think it is a problem to deposit >= $10K in cash. It most definitely will generate a CTR. However, do you realize that there are > seven figures of CTRs every year? It is a non-issue for the vast majority of people. If you have not already been flagged for automatic re...
by dm200
Sun Oct 21, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 33
Views: 1790

Re: 8 reasons why pensions are [good]

They are most definitely not that great if you are a teacher in Texas or many other states. 1. Pension is non-COLA'd. The monthly check you get on day one is the same amount that you'll be getting 30 years later at age 90. 2. Most districts chose not to pay into social security so your non-COLA'd p...
by dm200
Sun Oct 21, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on CDs - FDIC
Replies: 16
Views: 1709

Re: Questions on CDs - FDIC

Yes, separate charters count separately for FDIC insurance purposes. Does a different FDIC number indicate a separate charter? Occasionally, different FDIC numbers "count" as ONE for maximum FDIC coverage. The instances I was aware of this - the names of the different banks were similar. In such ca...
by dm200
Sun Oct 21, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 45
Views: 3895

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

I think one of the factors in employers moving to PTO from "sick leave" is the "abuse" of accrued sick leave by many employees. Many of us probably know a lot of fellow employees who are "sick" on a regular basis and use up any and all accrued sick leave every year. Too bad, in my opinion. If your ...
by dm200
Sat Oct 20, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 107
Views: 5370

Re: Depositing Cash if it was gifted?

So far my takeaway from this thread is: (1) Don’t make multiple deposits of less than $10,000 as it looks like (and is) circumventing reporting. (2) Don’t deposit the whole sum either, even though plenty of posters are confident that it is ok to do so. How does a cash business deal with this issue?...
by dm200
Sat Oct 20, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 122
Views: 4343

Re: Pull kids from school for vacations?

I love travel and my son has gotten my travel bug so yes, I do pull him from school but no more than five or six days a year so that he can sometimes accompany me when I travel. We have done Chicago, Phoenix, San Francisco, Washington DC, and a few others. We each very much enjoy these trips, it’s ...
by dm200
Sat Oct 20, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 122
Views: 4343

Re: Pull kids from school for vacations?

We have done so on occasion, but not regularly. Often, strict attendance policies are grounded in economics more than anything else. For example, in my state, funding to a particular school is directly dependent on daily student attendance. Yes - this is very true in some localities and some states.
by dm200
Sat Oct 20, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 45
Views: 3895

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

I think one of the factors in employers moving to PTO from "sick leave" is the "abuse" of accrued sick leave by many employees. Many of us probably know a lot of fellow employees who are "sick" on a regular basis and use up any and all accrued sick leave every year.

Too bad, in my opinion.
by dm200
Sat Oct 20, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 122
Views: 4343

Re: Pull kids from school for vacations?

We have the means and PTO to travel more and would love to travel sometime in January - early March. But my child doesn't have school vacation until April. She's a great student, yet the school is surprisingly strict about unexcused absences for elementary school. So I'm curious how others feel abo...
by dm200
Sat Oct 20, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Heavy Loss in Stable Value Fund of 401k investments
Replies: 31
Views: 3597

Re: Heavy Loss in Stable Value Fund of 401k investments

Hello, My first post here but a sad one. I had a more than 5% loss early this week in a "Stable Value Fund" of my prior employee's 401(k) investments. The plan admin probably realized the shaking ground of this investment and decided to terminate this investment option this week. I had all my money...
by dm200
Sat Oct 20, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card claim for rental car collision?
Replies: 15
Views: 1067

Re: Credit card claim for rental car collision?

JeanMich wrote:
Sat Oct 20, 2018 12:30 pm
Mavenleek, do you remember if your insurance the standard American Express version, or was it their premium car rental protection that you have to pay an extra charge for?
I have the same question...
by dm200
Sat Oct 20, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 45
Views: 3895

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

There is a lot of misinformation in this thread. PTO is different than vacation. Vacation is paid out while PTO is not. There may be slight differences depending on locality but this is how is works in most locales. Your experience is not universal. Many employers don't have separate allocations to...
by dm200
Sat Oct 20, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 31
Views: 1550

Re: Travelers Checks

Several years ago, an acquaintance called me in a "panic" . She had gotten into some kind of confrontation at a local park related to another woman and that woman's dog. My acquaintance was arrested and called me to bail her out. Bail was $2,500 cash only. I had to go to a bank, get the cash - and c...
by dm200
Sat Oct 20, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 45
Views: 3895

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

My first employer from college (long time ago) was a MegaCorp. While employees accumulated vacation days, there was no sick leave accrual. If you were actually sick, you were paid. I vaguely recall there was some kind of one or two year sick leave limit. Because there was no accruing of sick leave, ...
by dm200
Sat Oct 20, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 45
Views: 3895

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

There is a lot of misinformation in this thread. PTO is different than vacation. Vacation is paid out while PTO is not. There may be slight differences depending on locality but this is how is works in most locales. Your experience is not universal. Many employers don't have separate allocations to...
by dm200
Fri Oct 19, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 45
Views: 3895

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

I may have to give only 1 week's notice because of the urgency of the situation, I'm wondering if the employer can retaliate by not paying out my accrued vacation? I've googled this a bit, a lot of reference to check employee handbook, but I don't have that, and we were never given that. I've searc...
by dm200
Fri Oct 19, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Just Divorced -- Need Help [looking for new credit card]
Replies: 72
Views: 6597

Re: Just Divorced -- Need Help [looking for new credit card]

OK, if a credit card transfer is a dumb idea what do you suggest I do? I need to refinance 35k in credit card debt and I can't take out a HELOC because she was awarded the home. I checked with my credit union and the largest personal loan I can get is 10,000. LendingClub would approve me to 35k but...
by dm200
Fri Oct 19, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: How important is registered mail for important documents?
Replies: 28
Views: 1484

Re: How important is registered mail for important documents?

I don't remember the US Post office ever losing something I mailed. I am about to mail a document that would be a pain to replace, and I just instinctively am headed to the post office to send it by registered mail, but I am wondering how important that really is? I used to live with a woman who wa...
by dm200
Fri Oct 19, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: How important is registered mail for important documents?
Replies: 28
Views: 1484

Re: How important is registered mail for important documents?

To send mail certified - return receipt, you do not need to go to the Post Office every time. I was in an activity that sent a lot of such mail, and I just got the correct forms and had stamps of the correct postage - and I could send them easily.
by dm200
Fri Oct 19, 2018 3:01 pm
Forum: Personal Consumer Issues
Topic: How important is registered mail for important documents?
Replies: 28
Views: 1484

Re: How important is registered mail for important documents?

Newman explains the difference between registered and certified mail ;)

https://www.youtube.com/watch?v=slCTBm9 ... e=youtu.be

#43 at about 1:23 in
by dm200
Fri Oct 19, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 107
Views: 5370

Re: Depositing Cash if it was gifted?

straws46 wrote:
Fri Oct 19, 2018 2:26 pm
I misspoke above. Should have said Currency Transaction Report rather than Suspicious Activity Report.
right.. that is what I thought you meant ... :happy
by dm200
Fri Oct 19, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Windfall Elimination Provision (WEP) question
Replies: 6
Views: 562

Re: Social Security Windfall Elimination Provision (WEP) question

Be very careful. I think that being eligible is sufficient to have the WEP kick in. Get the actual numbers (go to a Social Securty Office if necessary) before you do anything you'll regret. As I understand it, the impact of the WEP begins to lessen after 20 years of work that pays into Social Secur...
by dm200
Fri Oct 19, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 103
Views: 4650

Re: When to change tires; and what brand

Sometimes at Costco - they do not always have the desired tires in stock. It can make sense to check with them a bit before you need to have the desired tires installed. If they don't have the tires in stock, you can usually buy them on their website and they'll be delivered to your local Costco wi...
by dm200
Fri Oct 19, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 103
Views: 4650

Re: When to change tires; and what brand

Sometimes at Costco - they do not always have the desired tires in stock. It can make sense to check with them a bit before you need to have the desired tires installed.
by dm200
Fri Oct 19, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 107
Views: 5370

Re: Depositing Cash if it was gifted?

Someone mentioned that structuring is only a crime if there is intent. While that is correct as far as it goes, it does not mean there must be intent to launder money. T he only intent that is required is the intent to avoid filing out a Suspicious Activity Report. There is absolutely nothing wrong...
by dm200
Fri Oct 19, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 107
Views: 5370

Re: Depositing Cash if it was gifted?

Suggesting she hold onto it for herself is good advice, if you don't know her financial affairs. Are you referring to her depositing her own money in stages??? Yes, that is a federal crime. First of all, just make the deposit. I have had to shift over 10,000 between accounts a couple of times, so I...
by dm200
Fri Oct 19, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 107
Views: 5370

Re: Depositing Cash if it was gifted?

Celia, not good advice. You are advocating structuring which is a crime. Gill Suggesting she hold onto it for herself is good advice, if you don't know her financial affairs. Are you referring to her depositing her own money in stages??? Yes, that is a federal crime. First of all, just make the dep...
by dm200
Fri Oct 19, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Health Care Options for 26 year old
Replies: 36
Views: 1625

Re: Health Care Options for 26 year old

As mnnice and dodecahedron noted, Medicaid will likely be the best option. New Jersey is an expansion state and residence and monthly income determines eligibility, not place of school or work. She could contact them now, and find out when she needs to apply. Some schools have student medical progr...
by dm200
Fri Oct 19, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Health Care Options for 26 year old
Replies: 36
Views: 1625

Re: Health Care Options for 26 year old

As mnnice and dodecahedron noted, Medicaid will likely be the best option. New Jersey is an expansion state and residence and monthly income determines eligibility, not place of school or work. She could contact them now, and find out when she needs to apply. Some schools have student medical progr...
by dm200
Fri Oct 19, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 107
Views: 5370

Re: Depositing Cash if it was gifted?

There's a difference between a CTR (Currency Transaction Report) and a SAR (Suspicious Activity Report). Neither of these go to the IRS as far as I know. A CTR is filed anytime there is more than $10K in cash transacted. I'd bet nearly every medium to large car dealer in the country generates multi...
by dm200
Fri Oct 19, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 51
Views: 5340

Re: Jury duty - already booked vacation

Last year my wife was called to local jury duty and federal jury duty within the same month.

As it turned out, for both jurisdictions, there were no trials that actually happened and she did not need to serve at all.
by dm200
Fri Oct 19, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 107
Views: 5370

Re: Depositing Cash if it was gifted?

It seems the banks (laws?) are getting stricter. My bank has a stack of notices on the counter that they will soon start requiring identification for a cash deposit of any amount. Yes - there is one credit card we pay in cash at a bank branch. The amounts due are in the $100 - $200 range. In the la...
by dm200
Fri Oct 19, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 107
Views: 5370

Re: Depositing Cash if it was gifted?

Whatever you decide to do -- DO NOT even attempt to avoid the CTR reporting by financial institutions of deposits of over $10,000.
by dm200
Fri Oct 19, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: How important is registered mail for important documents?
Replies: 28
Views: 1484

Re: How important is registered mail for important documents?

I usually send important things by "certified" mail - with return receipt. Then, I get the card back with a signature of someone receiving it. Less costly than registered.
by dm200
Thu Oct 18, 2018 7:13 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 103
Views: 4650

Re: When to change tires; and what brand

I just looked up the minimum to pass Virginia safety inspection: When measured in any two adjacent major tread grooves where the tread is thinnest, at three equally spaced intervals around the circumference of the tire and exclusive of "tiebars" by a tread depth gauge calibrated in thirty-seconds of...
by dm200
Thu Oct 18, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Health Care Options for 26 year old
Replies: 36
Views: 1625

Re: Health Care Options for 26 year old

One other question regarding her 403b and pension. Since she is not vested in her pension she can do a direct rollover to an IRA. She can do the same with her 403b. Can those two amounts be co-mingled in the same IRA or should they go in separate IRAs (they are both pre-tax). Thank you. Is there an...
by dm200
Thu Oct 18, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Helping out with early onset Alzheimer's
Replies: 15
Views: 1705

Re: Helping out with early onset Alzheimer's

But while I think optimism is good, in terms of setting expectations, I disagree with the part about promising new treatments for Alzheimer's. The track record of treatments for this disease is dismal. Basically, failure after failure. Right now, we have nothing, and I do mean nothing. There has be...
by dm200
Thu Oct 18, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Health Care Options for 26 year old
Replies: 36
Views: 1625

Re: Health Care Options for 26 year old

Meet and marry a Doctor - with family benefits ;)
by dm200
Thu Oct 18, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 103
Views: 4650

Re: When to change tires; and what brand

For whatever reason I have 28 pounds on all four tires but in rechecking them about 3 weeks later they all gap to 37,33,33,and 31. Why and what can I do to keep them from going up. I could understand losing tire pressure but going up has got me confused. Warmer temperature (of the tires) than when ...
by dm200
Thu Oct 18, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 103
Views: 4650

Re: When to change tires; and what brand

Thanks all. A few of you commented on the reliability of tires as they wear. I am all for being safe. But practically speaking, do you know of anyone you know who had a mishap with tires being too work out ? I have driven 350,000 miles among my cars and only once has a tire blown out when I was dri...
by dm200
Thu Oct 18, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 51
Views: 5340

Re: Jury duty - already booked vacation

Perhaps the summons was lost in the mail and you didn't receive it.....? I knew a guy who that happened to for 30 years! Dave Yeah... DON'T do that. Some jurisdictions will issue a bench warrant for failure to respond which could get you arrested next time you cross paths with law inforcement such ...
by dm200
Thu Oct 18, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Health Care Options for 26 year old
Replies: 36
Views: 1625

Re: Health Care Options for 26 year old

yankeefan4065 wrote:
Thu Oct 18, 2018 5:10 pm
I will definitely suggest contacting the school.....didn’t even think of that
Thanks!
Maybe a "nursing school" has connections to a good deal.
by dm200
Thu Oct 18, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 103
Views: 4650

Re: When to change tires; and what brand

Once my tires reach 4/32 I start looking for costco deals..... I have a odyssey minivan and never get the 80K touted on Michelin Defender. More like 35K. Even the Costco tire person said that with heavy vehicle like odyssey you will never get to 80k. I think I even saw Defenders with mileage of 90K.
by dm200
Thu Oct 18, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 103
Views: 4650

Re: When to change tires; and what brand

I go back to when most auto tires were "bias ply" (before radials). Going to radial tires was a huge improvement - including all weather types that mostly eliminated the need for snow tires in winter - along with the advent of front wheel drive vehicles.