Search found 461 matches

by Chicago60
Tue Nov 05, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Law firm wants 40% PLUS expenses
Replies: 7
Views: 1422

Re: Law firm wants 40% PLUS expenses

I have to promise to give the firm 40% of all monies recovered PLUS all of the law firm's expenses. Question: Is having to pay for the law firm's expenses a common feature of these suits? I thought it was usually all taken entirely on a contingency basis. Do you have to pay out of pocket for expens...
by Chicago60
Mon Oct 14, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is class action settlement taxable income?
Replies: 8
Views: 698

Re: Is class action settlement taxable income?

I think it depends on the nature of the claim. For example, if you owned stock that was the subject of a class action settlement due to alleged misrepresentations, and you still own the stock, I suspect the settlement proceeds lowered your basis in the stock and might not be taxable in the year you ...
by Chicago60
Sat Sep 21, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Anyone have experience with TAB Bank or BMO Harris?
Replies: 3
Views: 378

Re: Anyone have experience with TAB Bank or BMO Harris?

I agree with everything ChicagoBear7 wrote, and in particular, BMO Harris generally does NOT seem to have competitive deposit interest rates. I think you are best served by looking at this website and do some comparison shopping based on how long you want to park the money, and any issues with early...
by Chicago60
Thu Aug 22, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: Chicago - What to see, do & eat in two days
Replies: 71
Views: 4049

Re: Chicago - What to see, do & eat in two days

Oh and I know its for the tourists and we've tried them all but we've settled on Giordano's for deep dish pizza. This has to stop. Giordano's is objectively the worst "deep dish" (I think they market it as stuffed) pizza in Chicago. Do not suggest that tourists or anyone go there. Maybe your dog.
by Chicago60
Tue Aug 20, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: Chicago - What to see, do & eat in two days
Replies: 71
Views: 4049

Re: Chicago - What to see, do & eat in two days

I'm not sure how vibrant the shopping district is anymore, but Marshall Field's (is it still called that?) north up Michigan is pretty entertaining, and you can at least window shop for free. It IS still called Marshall Field's--but only by Chicagoans. It is now Macy's (on State Street or in Water ...
by Chicago60
Thu Aug 15, 2019 12:37 pm
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 10953

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

Thus employees of a company or its advisers can insider trade. I do not know what makes you believe this statement. I think he means "can" as in "able to", versus "can" as in "allowed to". If you aren't associated with a company, you can't ever commit insider trading wrt the company. Because you ar...
by Chicago60
Thu Aug 15, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 10953

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

Valuethinker wrote:
Thu Aug 15, 2019 12:09 pm

Thus employees of a company or its advisers can insider trade.
I do not know what makes you believe this statement.
by Chicago60
Sun Aug 11, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: How should my Spouse and I handle a $300,000 Settlement?
Replies: 119
Views: 7365

Re: How should my Spouse and I handle a $300,000 Settlement?

One big question comes to mind for which I do not have the answer - Is this settlement amount considered taxable income and can anyone cite an IRS publication reference :?: This is a very complicated question and the answer depends on details that the OP should not be sharing in a public forum like...
by Chicago60
Mon Aug 05, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Proof of limited partner ownership
Replies: 3
Views: 360

Re: Proof of limited partner ownership

Have you been sent K-1s from the Partnership?
by Chicago60
Mon Jul 15, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 85
Views: 8332

Re: Tenant turned off all utilities advice please!!

Whakamole wrote:
Mon Jul 15, 2019 8:36 am
He should probably consult a local landlord/tenant attorney to discuss his options.
This is the correct answer. What his rights are will depend on the terms of the written lease, state law, and any applicable municipal law for landlord-tenants.
by Chicago60
Fri Jul 12, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: No A/C in Office [not a safe work environment]
Replies: 86
Views: 8386

Re: No A/C in Office

90 degrees outside with no AC must be really uncomfortable, but I cannot imagine it rises to the level of actionable unsafe work environment.
by Chicago60
Fri Jul 12, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Advice for Job Search (Attorneys)
Replies: 12
Views: 1609

Re: Advice for Job Search (Attorneys)

If you are interested in plaintiff class action work, you should investigate the handful of firms who do that work in your area and contact them directly; though I would not be optimistic that someone with a number of years of in house experience is necessarily the type of candidate they would have ...
by Chicago60
Thu Jul 11, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Bank of America Credit Card from Another Bank?
Replies: 15
Views: 1351

Re: Pay Bank of America Credit Card from Another Bank?

I have a couple of BofA credit cards, and have no problem paying them off online from the website of the internet bank I use.
by Chicago60
Mon Jul 08, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Sign up bonuses
Replies: 16
Views: 1664

Re: Credit Card Sign up bonuses

Why not run through the plethora of AmEx options?
by Chicago60
Mon Jul 08, 2019 9:02 pm
Forum: Personal Consumer Issues
Topic: St. Louis Travel/Tourism
Replies: 20
Views: 1393

Re: St. Louis Travel/Tourism

For a recent trip to Boston, I had posted and gotten advice from others here on the area/city. One commenter in that thread asked me for thoughts on my own city, and I did so, somewhat briefly. Now I'm going to expand my thoughts for the benefit of others who might be visiting or considering a trip...
by Chicago60
Fri Jul 05, 2019 4:44 pm
Forum: Personal Investments
Topic: Best way to plan for $620K long term capital gains?
Replies: 18
Views: 2581

Re: Best way to plan for $620K long term capital gains?

I'd consider something that hardly ever gets considered here: talk to a really smart stockbroker. You might be able to protect your downside risk of the equity with options/collars (I am not sure if that is the right terminology, even) so that you can sell portions of the equity in multiple year inc...
by Chicago60
Wed Jul 03, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Churning Credit Cards
Replies: 84
Views: 8800

Re: Churning Credit Cards

Is there any consensus how many cards is too many? I do not think so. So long as you pay the balance in full, and can keep track of minimum spend to get the bonuses, and you are not expecting to apply for a large loan anytime soon, I see little reason not to gobble up as many sign up bonuses as you...
by Chicago60
Sat Jun 29, 2019 11:17 am
Forum: Personal Investments
Topic: Bought Prospectus Under Separate Cover
Replies: 9
Views: 951

Re: Bought Prospectus Under Separate Cover

Hi all, Personal Capital is telling me that I bought a prospectus under separate cover for a Fidelity fund I buy. Has anyone ever seen this? I've never bought a prospectus and thought they were free and public. A google search leads to an old 2012 forum post here in which the term is not defined (i...
by Chicago60
Tue Jun 25, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5758

Re: Should I buy a condo in Chicago?

Single professional guy here who purchased a condo on the northside in Chicago (Uptown) in 2006 or so and later sold it in 2012 or so. I would purchase a condo again, if I found the right one in the right location. I would NEVER purchase one in a building with a small number of units. My condo asso...
by Chicago60
Mon Jun 17, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card sign on bonus suggestion
Replies: 32
Views: 3244

Re: Credit card sign on bonus suggestion

It might "seem" like a fraud to you, but it is not; though the name is weird. See, for example, for Los Angeles county: https://www.lacounty.gov/business/starting-a-business-in-the-county/filing-a-fictitious-business-name/ Neither the applicant, nor the "person who provided them" committed fraud. A...
by Chicago60
Thu Jun 13, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: Which car to buy?
Replies: 29
Views: 2882

Re: Which car to buy?

What will you be using the vehicle for? Do you need an SUV? Do you need the 5 seats and extra storage? Do you need 4 wheel drive? I think you should consider these issues as much as the financial questions. I suspect both vehicles will last you many years.
by Chicago60
Thu Jun 13, 2019 8:37 am
Forum: Personal Consumer Issues
Topic: Do you repair your own appliances?
Replies: 65
Views: 3965

Re: Do you repair your own appliances?

I replace the oil in my lawn mower. And, I even put gas in. That's about the extent of my "repair" appliances gig.
by Chicago60
Thu Jun 13, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Credit card sign on bonus suggestion
Replies: 32
Views: 3244

Re: Credit card sign on bonus suggestion

I agree with willthrill seems like a slam dunk fraud. False information that was relied on in order to apply for credit. Its not odd that those statements were called fictitious because that is what they are. Just so you know, anyone who provided those to you with knowledge that you were submitting...
by Chicago60
Thu Jun 13, 2019 7:59 am
Forum: Personal Consumer Issues
Topic: Where to sit at Wrigley?
Replies: 18
Views: 1502

Re: Where to sit at Wrigley?

With kids at those ages, I think the bleachers would be a fine spot to see a ball game. They are likely to hear some swear words and see people drinking quite a bit of beer, and see some 20-something women with bikini tops and short shorts. Whether you want to shield them from such debauchery or not...
by Chicago60
Sat Jun 08, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Lawsuit settlement
Replies: 13
Views: 1752

Re: Lawsuit settlement

I would urge you to get a CPA with experience in this area. I think the general rule is that bequeaths are not taxable, but the general rule also is that settlements from non-personal injury litigation might be. How these 2 general rules are reconciled under these specific facts should be answered b...
by Chicago60
Sat Jun 08, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Chase Southwest Airlines credit card
Replies: 10
Views: 1650

Re: Chase Southwest Airlines credit card

I closed my $99 Chase/Southwest credit card a few months ago, but it still shows up as Closed in my Chase online card summary. I'd like to obtain the new $149 Chase card, mostly for the signup bonus but also because it'a a better deal going forward (I had the $99 card for years, but it was never a ...
by Chicago60
Mon Jun 03, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Card - Binding arbitration opt-out?
Replies: 43
Views: 4072

Re: Chase Credit Card - Binding arbitration opt-out?

Why do you believe arbitration provisions will prohibit you from being part of a consumer class action? Because: (1) that is what arbitration provisions provide, and (2) that is the primary reason large corporations mandate you agree to arbitrate any dispute, and give up your right to participate o...
by Chicago60
Fri May 31, 2019 4:39 pm
Forum: Personal Investments
Topic: what to do with small settlement payment?
Replies: 11
Views: 734

Re: what to do with small settlement payment?

You should discuss with your accountant first, and maintain good records of medical expense payments. Depending on the nature of this personal injury, it is possible that the settlement proceeds are not taxable at all. If settlement is in lieu of wages it is taxable. Gill That is one, of many examp...
by Chicago60
Fri May 31, 2019 8:22 am
Forum: Personal Investments
Topic: what to do with small settlement payment?
Replies: 11
Views: 734

Re: what to do with small settlement payment?

I just received about $32K settlement from a personal injury case. I'm going to set aside some for taxes in a savings account, reimburse myself for some med bills. I'll have about $16K left over. You should discuss with your accountant first, and maintain good records of medical expense payments. D...
by Chicago60
Fri May 31, 2019 7:44 am
Forum: Personal Consumer Issues
Topic: Small Claims Court advice
Replies: 7
Views: 733

Re: Small Claims Court advice

Yes, you do. But you first need to be able to articulate what was the nature of the contract you entered into. What specific work was he hired to do, and at what price. Your post does not sufficiently state these essential elements, and you will want to do so for the complaint you file in small clai...
by Chicago60
Mon May 20, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Class action law suits
Replies: 52
Views: 5630

Re: Class action law suits

A month ago I got a check for a class action lawsuit settlement against Wells Fargo. I had completely forgotten about it, one of those opt out deals IIRC. I had no harm that I was aware of. The check was for $0.14 Yes, that's not a typo -- FOURTEEN CENTS. No, I did not bother cashing it, darned thi...
by Chicago60
Mon May 20, 2019 12:37 pm
Forum: Personal Investments
Topic: Asset allocation when you don't expect to need the money
Replies: 13
Views: 1419

Re: Asset allocation when you don't expect to need the money

delamer wrote:
Sun May 19, 2019 8:18 pm
Consider gifting money to your heirs now if you are confident that you won’t need it. That way they can invest (or spend) according to their goals.
This seems like excellent advice, and you get the added benefit of being around to watch them put those gifts to (hopefully) good use.
by Chicago60
Mon May 20, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Big credit card charges coming up, should I sign up for a bonus card?
Replies: 19
Views: 1595

Re: Big credit card charges coming up, should I sign up for a bonus card?

With annual expenses of $15K, I would not get another card. I would get another 5.
by Chicago60
Mon May 20, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: If you liked “They Shall Not Grow Old” - “Cold Blue” coming May 23
Replies: 13
Views: 2037

Re: If you liked “They Shall Not Grow Old” - “Cold Blue” coming May 23

I saw They Shall Not Grow Old in a movie theater and enjoyed it immensely, and enjoyed the "how it was made" afterwards even more than the movie itself. Thanks for posting this: I have Cold Blue scheduled to watch now on HBO.
by Chicago60
Mon May 20, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: Class action law suits
Replies: 52
Views: 5630

Re: Class action law suits

Why can't they include some basic range? Because some people, like you suggested earlier, simply (in my view, wrongly) ignore Class Action Notices and fail to complete the claim forms. Others take the time and fill out the paperwork. So, I suspect you, and the class action lawyers, cannot guess wha...
by Chicago60
Mon May 20, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Churning Credit Cards
Replies: 84
Views: 8800

Re: Churning Credit Cards

DW doesn't really want to play the game. Nor does mine. I do all the work for her. From completing the application, deciding which card to apply for, keeping track of spending to ensure she meets the spending requirements, and to paying the balance in full. She, not surprisingly, very much apprecia...
by Chicago60
Mon May 20, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Churning Credit Cards
Replies: 84
Views: 8800

Re: Churning Credit Cards

Is there any consensus how many cards is too many? I do not think so. So long as you pay the balance in full, and can keep track of minimum spend to get the bonuses, and you are not expecting to apply for a large loan anytime soon, I see little reason not to gobble up as many sign up bonuses as you...
by Chicago60
Thu May 02, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Amex Platinum Annual Fee
Replies: 20
Views: 2374

Re: Amex Platinum Annual Fee

Hmm bummer, it looks like the 100K amex offer is usually only for those who have never had an Amex card. I was under my parents account back in college so it doesn't look like that offer is available to me using the creditcards.com website after i signed up :/ You should be able to receive the bonu...
by Chicago60
Wed Apr 17, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 6770

Re: What defines "income" on a retiree's credit card application?

I usually just put 100,000$ Or maybe sometimes I put 200,000. I figure my real income is none of their business and I am giving an underestimation. I am curious what others say. lafder Since you asked....if you "put 100,000" or "put 200,000" and that is not accurate, it sure seems like you are comm...
by Chicago60
Tue Apr 16, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 6770

Re: What defines "income" on a retiree's credit card application?

It seems to me that what you report on your 1040 is a defensible answer to the question, no matter the sources of "income." Including Roth conversions (which are part of AGI)? In what way is that not income? The IRS definitely considers Roth conversions as income. The reason I questioned it is, Rot...
by Chicago60
Tue Apr 16, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 6770

Re: What defines "income" on a retiree's credit card application?

munemaker wrote:
Mon Apr 15, 2019 6:45 pm
Chicago60 wrote:
Mon Apr 15, 2019 6:26 pm
It seems to me that what you report on your 1040 is a defensible answer to the question, no matter the sources of "income."
Including Roth conversions (which are part of AGI)?
In what way is that not income?
by Chicago60
Tue Apr 16, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 6770

Re: What defines "income" on a retiree's credit card application?

I usually just put 100,000$ Or maybe sometimes I put 200,000. I figure my real income is none of their business and I am giving an underestimation. What about using your expenses? Your income exceeds that. Or the amount you deposit into your bank account each year? As long as you are not being frau...
by Chicago60
Mon Apr 15, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 6770

Re: What defines "income" on a retiree's credit card application?

It seems to me that what you report on your 1040 is a defensible answer to the question, no matter the sources of "income."
by Chicago60
Mon Apr 15, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: What defines "income" on a retiree's credit card application?
Replies: 102
Views: 6770

Re: What defines "income" on a retiree's credit card application?

I usually just put 100,000$ Or maybe sometimes I put 200,000. I figure my real income is none of their business and I am giving an underestimation. What about using your expenses? Your income exceeds that. Or the amount you deposit into your bank account each year? As long as you are not being frau...
by Chicago60
Mon Apr 15, 2019 5:05 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you play credit card bonus games?
Replies: 97
Views: 7399

Re: After financial independence, do you play credit card bonus games?

Dottie57 wrote:
Mon Apr 15, 2019 4:38 pm
As a non traveler would you explain f seats vs j seats
F class is First Class, and J class is Business Class.
by Chicago60
Wed Mar 13, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 68
Views: 9240

Re: Any credit cards that can beat the Citi doublecash?

GoldStar wrote:
Wed Mar 13, 2019 3:07 pm
UpperNwGuy wrote:
Wed Mar 13, 2019 2:35 pm
(Harder to join PenFed if you aren't ex-military from what I've read).
I don't know what you read, and what your source was, but I am not ex-military. I had a 5 year CD with Pen-Fed that matured last year, and I still have an AmEx credit card with PenFed.
by Chicago60
Wed Mar 13, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 8663

Re: Bright daughter wants to work for nonprofit

retire14 wrote:
Wed Mar 13, 2019 7:55 am
As a parent, I want her to be happy at what she does. I want to be supportive
I am in a similar circumstance, and I say what you already said above.
by Chicago60
Sat Mar 09, 2019 8:40 am
Forum: Personal Consumer Issues
Topic: Sports team season tickets
Replies: 45
Views: 4686

Re: Sports team season tickets

Agree with all the advice so far. I had Cubs season tickets for a period of time about 10 years ago and thought I would break even selling half off, but that didn't happen. It was also a hassle. The more games per season, the harder it is, so I assume baseball is up there with the worst in trying t...
by Chicago60
Sat Mar 09, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Airline travel and economy: pay $$ to pick seats
Replies: 116
Views: 8201

Re: Airline travel and economy: pay $$ to pick seats

coalcracker wrote:
Sat Mar 09, 2019 7:34 am
I fear this pay per feature model, for priority boarding, luggage, choosing seats, food, drinks, etc, is the future of airline travel. I'll be paying close attention to which airlines keep these features "free" and choosing more carefully in the future.
Sadly, the future is already here.