Search found 6980 matches

by mhalley
Mon Jun 24, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Triage in ER - charged $790
Replies: 60
Views: 3775

Re: Triage in ER - charged $790

Insurance paying nothing when the patient leaves ama is an urban myth. From a Chicago Tribune article Of the 453 insured patients who left AMA, payment was initially denied in only 18 cases. All of those cases involved problems with the bill, not with the patient's behavior. None of those patients w...
by mhalley
Sun Jun 23, 2019 3:00 pm
Forum: Personal Investments
Topic: Worried about the future/not saving enough
Replies: 39
Views: 4739

Re: Worried about the future/not saving enough

Time to retire is all about the savings rate. 50 k in cc debt is an emergency, concur with Dave Ramsey.
MMM has a great article about the simple math here.

https://www.mrmoneymustache.com/2012/01 ... etirement/
by mhalley
Sun Jun 23, 2019 10:38 am
Forum: Personal Investments
Topic: Which Bond Fund to Choose in 401k?
Replies: 7
Views: 632

Re: Which Bond Fund to Choose in 401k?

With only 5%, wont matter much. The tips are not really needed for a young investor, so it is between the other 2. The loomis probably closest to total bond market, but might be a little riskier. The short term has the lowest duration and er. I think I would go with loomis, but either is fine.
by mhalley
Sun Jun 23, 2019 1:08 am
Forum: Personal Investments
Topic: Heavy concentration in Electric Utilities
Replies: 20
Views: 1606

Re: Heavy concentration in Electric Utilities

Utilities have performed well in the past. Certainly not a boglehead portfolio, so doubt you will get many supporters. But if you are truly well versed in the sector, and don’t need the money taking a flyer for heirs might pay off for them. The rule of thumb here is no more than 10% of equities in s...
by mhalley
Fri Jun 21, 2019 2:17 pm
Forum: Investing - Theory, News & General
Topic: IRA w/o deduction - Why?
Replies: 7
Views: 509

Re: IRA w/o deduction - Why?

I think most would not recommend contributing to a non deductable Ira if you are not going to do backdoor roths. I think this is mostly due to the increased complexity of taxes on withdrawal after retirement.
https://www.fool.com/knowledge-center/t ... ibuti.aspx
by mhalley
Fri Jun 21, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 165
Views: 12106

Re: what was your worst major purchase mine is a 2019 mazda3

A couple of cars: Saab that I bought when I had new dr fever out of med school. Blew a head gasket just out of warranty, took it to get fixed and died again on way home from repair shop. Drove it from shop to dealership. Monte Carlo bought for my wife. It had some kind of problem where it would lose...
by mhalley
Fri Jun 21, 2019 11:54 am
Forum: Personal Investments
Topic: A Nice Problem To Have...Usually
Replies: 3
Views: 1171

Re: A Nice Problem To Have...Usually

Condolences. What do you want the money to be used for? If he is an adult, you can just put it in a brokerage account (vanguard, fidelity or schwab), but depending on when the money is to be used determines whether it should be invested. Money needed within 5 years should be in money market or CDs. ...
by mhalley
Fri Jun 21, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Finding family health insurance before 65 (individual, not group)
Replies: 15
Views: 739

Re: Finding family health insurance before 65 (individual, not group)

This should count as a qualifying event. The main place to start is healthcare.gov. Compare the cost there to the cobra plan. You could consider a health sharing ministry, but that is not really insurance imho, although many use them. You could go to your state insurance internet page and see what c...
by mhalley
Fri Jun 21, 2019 11:04 am
Forum: Personal Investments
Topic: Opening a 529 for grandson
Replies: 8
Views: 392

Re: Opening a 529 for grandson

I don’t think a trust is necessary for a 529.
https://www.fedweek.com/retirement-fina ... e-savings/
by mhalley
Thu Jun 20, 2019 2:41 pm
Forum: Personal Investments
Topic: What should be my next investing move?
Replies: 7
Views: 1033

Re: What should be my next investing move?

If you have no 401k, then start a taxable brokerage account.
by mhalley
Thu Jun 20, 2019 1:21 pm
Forum: Personal Investments
Topic: Roth conversions-easier if at same brokerage
Replies: 10
Views: 762

Re: Roth conversions-easier if at same brokerage

If you like tda and simplicity, then you could roll the vanguard Roth over to one at tda.
by mhalley
Thu Jun 20, 2019 1:05 pm
Forum: Personal Investments
Topic: Best fine grained retirement calculator
Replies: 6
Views: 986

Re: Best fine grained retirement calculator

I think Darrow Kirkpatrick has reviewed it positively.here are a bunch of other ones at his site.
https://www.caniretireyet.com/the-best- ... lculators/
And he lists it among his favorites here
https://www.caniretireyet.com/my-favori ... lculators/
by mhalley
Thu Jun 20, 2019 11:12 am
Forum: Personal Investments
Topic: Roth conversions-easier if at same brokerage
Replies: 10
Views: 762

Re: Roth conversions-easier if at same brokerage

If you are going to be doing multiple conversions then it would be much easier to consolidate the 2 accounts. Any reason why you don’t want the Roth at tda also? I personally like having multiple accounts, and see nothing wrong with it.
by mhalley
Wed Jun 19, 2019 10:33 pm
Forum: Personal Investments
Topic: Schwab CFP meeting and feedback
Replies: 12
Views: 1163

Re: Schwab CFP meeting and feedback

Passiveincomemd talks about the advantages and disadvantages of them here
https://passiveincomemd.com/put-rental-properties-llc/
by mhalley
Tue Jun 18, 2019 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted Appl- SS asking to review my earnings history
Replies: 12
Views: 1311

Re: Restricted Appl- SS asking to review my earnings history

I suppose if you are worried about fraud you could just go to the office, or call the local office to verify the number.
by mhalley
Tue Jun 18, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: Volvo CPO Extended Warranty
Replies: 21
Views: 684

Re: Volvo CPO Extended Warranty

The fidelity name gave me pause, but some research shows that it might be the vip warranty.
by mhalley
Tue Jun 18, 2019 11:00 am
Forum: Personal Consumer Issues
Topic: Volvo CPO Extended Warranty
Replies: 21
Views: 684

Re: Volvo CPO Extended Warranty

Clark Howard is neutral on extended car warranties with one caveat: they MUST be from the auto manufactuer. So only buy it from Volvo, NOT FROM A 3RD PARTY. . The typical selling price on an auto repair service plan is up to $3,000. For that money, you supposedly have the peace of mind to use the se...
by mhalley
Tue Jun 18, 2019 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Waiting to prepay mortgage until you can pay the whole thing off?
Replies: 28
Views: 3238

Re: Waiting to prepay mortgage until you can pay the whole thing off?

You are not taking risk into account. When you pay off a loan, you get a guaranteed rate of return. When you wait for stock market returns, there is always the risk that the gains will go away. Then you have no decrease in principal and no gains in the stock mf. Also, paying the loan earlier has a g...
by mhalley
Mon Jun 17, 2019 10:00 pm
Forum: Investing - Theory, News & General
Topic: A thought on mortgage payoff vs investing
Replies: 27
Views: 2962

Re: A thought on mortgage payoff vs investing

A mixture seems reasonable. It’s personal finance, and when things are not black and white, a combo between them is reasonable.
Moderation in all things, including moderation.
by mhalley
Mon Jun 17, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: anyone heard of or use forevercar.com?
Replies: 3
Views: 673

Re: anyone heard of or use forevercar.com?

I follow a lot of Clark Howard’s advice, and one of his recommendations is to only get auto manufacturers repair plans from the actual co, ie Toyota, Ford, etc, if you can’t afford the repairs. This looks to NOT be a manufacturer plan, so hard pass for me. BBB complaint page https://www.bbb.org/us/i...
by mhalley
Mon Jun 17, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: losing medicaid, needing to go on affordable care act
Replies: 13
Views: 1466

Re: losing medicaid, needing to go on affordable care act

The obvious place to start is healthcare.gov
by mhalley
Mon Jun 17, 2019 1:39 pm
Forum: Personal Investments
Topic: opening Fidelity account, asking for employment info??
Replies: 9
Views: 848

Re: opening Fidelity account, asking for employment info??

Fidelity has great customer service, you won’t regret opening the account.
by mhalley
Mon Jun 17, 2019 11:43 am
Forum: Personal Investments
Topic: opening Fidelity account, asking for employment info??
Replies: 9
Views: 848

Re: opening Fidelity account, asking for employment info??

This might be part of the know your customer laws, along with some due diligence. It is designed to prevent money laundering etc. https://www.trulioo.com/blog/kyc/ The relative is probably from your credit report. The house address is prbly also from credit report, and could be an error. . In the US...
by mhalley
Mon Jun 17, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: Any Successful HSA Transfer from Elements Financial to Fidelity
Replies: 13
Views: 1159

Re: Any Successful HSA Transfer from Elements Financial to Fidelity

Another update. I have been on the phone with Elements almost every day for the last 6 days. Note that every day, they say someone will call me back, but they never do. They say they never received the paperwork from Fidelity, and they gave me a fax number to have Fidelity re send the info. I gave F...
by mhalley
Mon Jun 17, 2019 10:58 am
Forum: Investing - Theory, News & General
Topic: Balanced Funds and Target Date Funds, Performance and Risk
Replies: 5
Views: 614

Re: Balanced Funds and Target Date Funds, Performance and Risk

Certainly the numbers “feel” wrong, but I can’t tell what they are using for fees. Someone that knows how to use simbas spreadsheet hopefully can confirm or refute their numbers.
by mhalley
Sun Jun 16, 2019 5:35 pm
Forum: Personal Investments
Topic: Thinking of leaving Fidelity - where to go?
Replies: 12
Views: 1691

Re: Thinking of leaving Fidelity - where to go?

Depending on how you are downloading, I think this might not be Fido’s fault. Would second schwab if you really want to leave, but I think this is a baby/bath water situation. Are you trying to download comma delimited or how are you doing it? What do you want to do with the data? I use ynab for bud...
by mhalley
Sun Jun 16, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice - refinancing from 30 yr. to 10 yr. fixed mortgage
Replies: 39
Views: 2342

Re: Need advice - refinancing from 30 yr. to 10 yr. fixed mortgage

You don’t mention the current mortgage interest rate. There are many calculators to see what the savings on a refinance will be. Then decide if that amount is worth the hassle of refinancing.
https://www.zillow.com/mortgage-calcula ... alculator/
by mhalley
Sun Jun 16, 2019 4:10 pm
Forum: Personal Consumer Issues
Topic: Freezing Credit issues
Replies: 8
Views: 795

Re: Freezing Credit issues

You might try doing it over the phone. As I recall, I couldn’t do 2 of my wife’s reports online, but was able to do them over the phone. If you can’t, I think I recall one of them having a way to submit the documents online. https://www.experian.com/consumer/upload/ https://equifaxuk.custhelp.com/ap...
by mhalley
Sun Jun 16, 2019 3:40 pm
Forum: Personal Consumer Issues
Topic: Keep car and pay for maintence or get new car
Replies: 22
Views: 1083

Re: Keep car and pay for maintence or get new car

I didn’t know about the years in addition to miles on the timing belt. Never can tell what bogleheads will teach you!
by mhalley
Sun Jun 16, 2019 2:24 pm
Forum: Personal Consumer Issues
Topic: Keep car and pay for maintence or get new car
Replies: 22
Views: 1083

Re: Keep car and pay for maintence or get new car

Double check on the need for timing belt, everything I am seeing on google is the timing belt and water pump is at 105k miles.
by mhalley
Sun Jun 16, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: Keep car and pay for maintence or get new car
Replies: 22
Views: 1083

Re: Keep car and pay for maintence or get new car

I have a 2012 tl and absolutely love it. I plan on driving it into the ground. Sure, I would like to have some of the new bells and whistles, but am also frugal. The needed maintenance is normal, so I would just do them and keep the car. If you really want some of the new tech, you might look into a...
by mhalley
Sun Jun 16, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Low interest student loan - pay off?
Replies: 9
Views: 787

Re: Low interest student loan - pay off?

I don’t think it is an error to keep the debt. Loans of such a low rate do not NEED to be paid off. It would not be a mistake to just keep them until they are paid off in 2032. However, this is PERSONAL finance so whether to keep the loans depends on your attitude toward debt. If you are maxing out ...
by mhalley
Sun Jun 16, 2019 1:19 pm
Forum: Personal Investments
Topic: Switch American Funds ira's to Vanguard.
Replies: 3
Views: 356

Re: Switch American Funds ira's to Vanguard.

There are no taxes for transferring to vanguard within an Ira, except for a possible account closing fee at your current brokerage. Once you move the funds to vanguard, there might be fees for selling the funds there. Create the Ira at vanguard and initiate the transfer from there. If you sell the f...
by mhalley
Sun Jun 16, 2019 1:11 pm
Forum: Personal Consumer Issues
Topic: Value of using a car cover for car parked outdoors
Replies: 3
Views: 547

Re: Value of using a car cover for car parked outdoors

I think a lot of the paint fading problems from us rays are no longer there. This article seems to think they are not worth it.
https://www.autoinsuresavings.org/5-car ... y-believe/
by mhalley
Sat Jun 15, 2019 3:34 pm
Forum: Personal Investments
Topic: Escaping 1% Investment Advisor Fee -- Need Advice
Replies: 7
Views: 1151

Re: Escaping 1% Investment Advisor Fee -- Need Advice

Agree with #4 transfer to schwab. It might take a few years to get out of the stocks. Sell all losers. Sell until cap gains are offset by the losses. Figure out how much you want to pay in capital gains each year and sell that amount. Ensure dividend reinvestment is turned off. It might take a while...
by mhalley
Fri Jun 14, 2019 10:38 pm
Forum: Personal Investments
Topic: [ETF vs. Mutual Fund questions]
Replies: 33
Views: 1345

Re: can i change from ETFs to ( mf) mutual fund

You can convert vanguard mf to ETFs, but not ETFs to mf. You have to sell the etf and buy the mf. I think you can have etf dividends transferred to a bank, but am not 100% sure.
by mhalley
Fri Jun 14, 2019 10:33 pm
Forum: Personal Investments
Topic: Vanguard Financial Plan requires Brokerage Account? Bait and switch?
Replies: 45
Views: 2783

Re: Vanguard Financial Plan requires Brokerage Account? Bait and switch?

At this point I wish vanguard would just make an announcement,” you have until one year from now to convert to brokerage account or we will do it for you.”
Until then they should put an * footnote on their pas materials noting it requires a brokerage account.
by mhalley
Fri Jun 14, 2019 4:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 623
Views: 53096

Re: vanguard cancelled my Vanguard Advantage Accounts

Many threads on using fidelity CMA instead.
by mhalley
Thu Jun 13, 2019 11:16 pm
Forum: Personal Consumer Issues
Topic: Alternatives to car rental for three months?
Replies: 53
Views: 3417

Re: Alternatives to car rental for three months?

You might try turo, where you rent from individuals.
https://turo.com/?utm_source=bing&utm_m ... 72b2fbb311
Uber or lyft .
Zipcar?
by mhalley
Thu Jun 13, 2019 11:30 am
Forum: Personal Investments
Topic: Higher dividend VG MF than VTSAX ? [Vanguard Mutual Fund]
Replies: 20
Views: 1543

Re: Higher dividend VG MF than VTSAX ?

Chasing yield is generally not a good idea. Bogleheads prefer a total return approach. Vanguard has a good white paper on this. https://personal.vanguard.com/pdf/s352.pdf . The current low-yield environment is leading many investors to focus on only one piece of their portfolio’s total return, namel...
by mhalley
Wed Jun 12, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Best prepaid debit card for a teen
Replies: 23
Views: 1241

Re: Best prepaid debit card for a teen

I believe Clark Howard likes the Walmart/American Express bluebird card.

https://www.bluebird.com/
Make sure your cc has no foreign transaction fees. I don’t think it is unreasonable to have a second card kept seperate in case of losing one.
by mhalley
Wed Jun 12, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: How best to give broker payment to get apartment and win a race
Replies: 14
Views: 1340

Re: How best to give broker payment to get apartment and win a race

Could you use 5 1k money orders? As for the race, could you have the roomate at the bank and the son look at the apt and send pictures, and if they like it then the person at the bank gets the cashiers check and races to the apt.
by mhalley
Wed Jun 12, 2019 12:24 am
Forum: Personal Consumer Issues
Topic: Which shaving cream / oil?
Replies: 58
Views: 3504

Re: Which shaving cream / oil?

Pacific
Herban cowboy
by mhalley
Tue Jun 11, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvest & Roth Conversion
Replies: 8
Views: 617

Re: Tax Loss Harvest & Roth Conversion

The 3k limit applies to using the losses to offset ordinary income. The losses against cap gains is infinite. I think the losses must be applied to any gains first, then when you run out of gains you can use the 3k towards income. https://www.thebalance.com/can-a-capital-loss-carryover-to-the-next-y...
by mhalley
Tue Jun 11, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [Earnings Test Question]
Replies: 5
Views: 607

Re: Social Security [Earnings Test Question]

I think if the benefits are reduced due to earnings, you get them back after you reach fra. But as you will not be earning more than $46,920, you should not have a reduction in benefits due to working. You realize that by taking ss early, it is a permanent reduction of 3.9%, not just until you reach...
by mhalley
Tue Jun 11, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: Any Successful HSA Transfer from Elements Financial to Fidelity
Replies: 13
Views: 1159

Re: Any Successful HSA Transfer from Elements Financial to Fidelity

Called Elements yesterday, said they would have a supervisor call me back, of course they never did. Called back again today and they said I have to fill out their transfer form which they will email me today. Sigh. (Update, they emailed me the wrong form.)
by mhalley
Mon Jun 10, 2019 2:46 pm
Forum: Investing - Theory, News & General
Topic: Instead of bonds; why not 100% Low Vol?
Replies: 8
Views: 1546

Re: Instead of bonds; why not 100% Low Vol?

Utility stocks are not bonds. Low volatility stocks are not bonds. High dividend yield stocks are not bonds. Preferred stocks are not bonds.
In summary, Stocks are not bonds.
Unless you can do some backtesting to 1900, then I might rethink it.
by mhalley
Mon Jun 10, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: 22 Years Old - Which credit card to begin with?
Replies: 44
Views: 2990

Re: 22 Years Old - Which credit card to begin with?

Several conflicting statements about whether being an authorized user establishes credit. The answer is, it depends on the card. Some report it to the credit bureaus, some don’t. https://www.forbes.com/sites/nickclements/2017/06/08/how-to-boost-your-credit-score-by-becoming-an-authorized-user/#3b01b...