Search found 1125 matches

by snowman
Sun May 24, 2020 5:01 pm
Forum: Personal Investments
Topic: Start adding bonds - best approach?
Replies: 17
Views: 1090

Re: Start adding bonds - best approach?

Was in your shoes 10 years ago, so I know how you feel. I was always 100% stocks guy, never even thought about selling in both 2000 and 2008 bear markets. But the time has come to start the glide path, and it felt awful to suddenly start buying bonds. What made it even worse psychologically was the ...
by snowman
Sun May 24, 2020 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Re: High yield savings account (opening one for first time)
Replies: 14
Views: 837

Re: High yield savings account (opening one for first time)

Yes, it is easy, there is no need to settle for 0.04% interest. You may also consider HY checking account - you get much better APR compared to HY savings account. I earn 3% at LMCU (up to $15K balance), so married couple earns 3% on $30K balance. If you do end up going for HY checking account, decl...
by snowman
Fri May 22, 2020 10:05 am
Forum: Personal Consumer Issues
Topic: What to look for when buying a table saw?
Replies: 51
Views: 2247

Re: What to look for when buying a table saw?

I watched my grandfather and my father working with wood. Table saw was an essential piece of equipment that I was never allowed to use or even try to use it. I agree with others - it is the most dangerous piece of equipment in the shop, and needs to be treated with utmost respect. No loose clothing...
by snowman
Thu May 21, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: HELOC prime minus margin rate ?
Replies: 11
Views: 694

Re: HELOC prime minus margin rate ?

What happens when the rate resets, either up or down, while you are drawing on HELOC and making minimum (interest-only) payments? Do the payments change with the rate change, or are they locked into the rate when the line was originally drawn? Yes they change with the rate. If rates went down, woul...
by snowman
Thu May 21, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: HELOC prime minus margin rate ?
Replies: 11
Views: 694

Re: HELOC prime minus margin rate ?

What happens when the rate resets, either up or down, while you are drawing on HELOC and making minimum (interest-only) payments? Do the payments change with the rate change, or are they locked into the rate when the line was originally drawn?
by snowman
Wed May 20, 2020 10:13 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

I don't know the answer to that, mostly because I never tried. The rules are very clear though. Just thinking through the process, I don't know how you would leave the country to begin with. The agent will ask for US passport, and you will say I don't have it, but here is an alternative "SA" passpo...
by snowman
Tue May 19, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

The continued replies are extremely helpful (& admittedly fascinating to me for some reason). Family member was pursuing an open in person acceptance facility this morning. I know they had their identity documents with them. I did not get a status update from them. But all in all they are making an...
by snowman
Sun May 17, 2020 2:13 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

As others pointed out getting out of the counry isn't the issue, it is getting back in! Incorrect. As I have pointed out already, getting out of the country IS the issue as well. If you are a US citizen, you have leave the country with a valid US passport. This person's passport expires in July, an...
by snowman
Sun May 17, 2020 1:12 pm
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3405

Re: Must carry more than one credit card

I don't think that is the case, the estate would need to pay off the debts. I believe you're right. https://www.nolo.com/legal-encyclopedia/credit-card-debt-death.html I thought so too, until there was a long thread here several months ago explaining how it actually works. Obviously, depends on the...
by snowman
Sun May 17, 2020 12:55 pm
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3405

Re: Must carry more than one credit card

2) If you are married have your spouse carry a credit card that you do not have. That way if a wallet or purse is lost you will still have a credit card with you that works. And make sure that each of you has at least one card owned by you (as opposed to being an authorized user). I recently became...
by snowman
Sun May 17, 2020 12:42 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

Just curious... What would happen to such a person upon trying to re-enter the USA. (This assumes that *leaving* the country on that "other country's" passport works.) I thought the USA would *not* deny entry to a US citizen, although arriving without a valid passport would delay things while Immig...
by snowman
Sun May 17, 2020 12:00 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

It may not help but I will at least keep the expired passport with me when trying to reenter. Not a good idea. It will raise further questions, like "why did you leave the country with clearly expired US passport which you knew is a no-no?" Officially, the US does not recognize dual citizenship (yo...
by snowman
Sun May 17, 2020 11:27 am
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3405

Re: Must carry more than one credit card

Yep, it's called diversification. Always have a backup plan A, B and C. Learned that when I was young. Kids did not believe it until they learned the lesson themselves. Debit card would never be a part of my back up plan, only CC. Visa, MC, Amex, all from different banks. You just never know. That'...
by snowman
Sat May 16, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of a dividned insurance policy
Replies: 7
Views: 459

Re: Pros/cons of a dividned insurance policy

This is for car, homeowner, and liability insurance. i.e. https://www.amica.com/en/products/dividend.html Long term policy holder with Amica here. They do not offer dividend policy in every state, so check on that first. I signed up for dividend policy when they started offering one. The dividend w...
by snowman
Sat May 16, 2020 12:32 pm
Forum: Personal Consumer Issues
Topic: Roofing job -- what to know when paying final balance ?
Replies: 15
Views: 892

Re: Roofing job -- what to know when paying final balance ?

Make sure they clean up - pick up nails, sweep the driveway, blow the gutters.

Check for any potential damage - scratched/broken glass windows/doors, patio furniture, railing etc. If any damage found, address with owner ASAP.

Have city inspector inspect it and sign off on it.
by snowman
Sat May 16, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of a dividned insurance policy
Replies: 7
Views: 459

Re: Pros/cons of a dividned insurance policy

This is for car, homeowner, and liability insurance. i.e. https://www.amica.com/en/products/dividend.html Long term policy holder with Amica here. They do not offer dividend policy in every state, so check on that first. I signed up for dividend policy when they started offering one. The dividend w...
by snowman
Sat May 16, 2020 10:32 am
Forum: Personal Consumer Issues
Topic: Alternatives to Craftsman Tools
Replies: 94
Views: 5953

Re: Alternatives to Craftsman Tools

Seems like all of my suggestions have already been mentioned... but I'll add my voice anyway. Kobalt/Husky/Rigid is what Craftsman used to be. Buy with confidence. Love the lifetime warranty but have not needed it for anything yet. Harbor Freight - surprisingly good place to buy some tools. Their ex...
by snowman
Sat May 16, 2020 10:08 am
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3405

Re: Must carry more than one credit card

Yep, it's called diversification. Always have a backup plan A, B and C. Learned that when I was young. Kids did not believe it until they learned the lesson themselves. Debit card would never be a part of my back up plan, only CC. Visa, MC, Amex, all from different banks. You just never know.
by snowman
Fri May 15, 2020 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12028

Re: Selling home - low ball negotiation

With 20+ Million suddenly unemployed, and many millions more in economic distress, I think this is definitely a buyers market. Meaning, your buyers have more houses to choose from, and you're unlikely to find other, better offers. How many equivalent homes are in the area that the buyers could alte...
by snowman
Fri May 15, 2020 7:47 am
Forum: Personal Finance (Not Investing)
Topic: 529 vs reducing FAFSA assets
Replies: 15
Views: 935

Re: 529 vs reducing FAFSA assets

There are tons of books on the subject, plus there is collegeconfidential website. I would start there and educate myself on how college aid works. It will help you plan ahead in ways you may not have thought of. However, as it relates to your current question, you are high income family, so you are...
by snowman
Thu May 14, 2020 7:58 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2119
Views: 372696

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Does this include solo 401k as well? No. Solo 401k accounts are always excluded from bonuses at all firms, for legal reasons. That's interesting. Do you happen to know what those legal reasons are? I don't remember, unfortunately. It had to do with legal/taxation, in that they are treated similarly...
by snowman
Thu May 14, 2020 3:39 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2119
Views: 372696

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

EnjoyIt wrote:
Thu May 14, 2020 11:01 am
Does this include solo 401k as well?
No. Solo 401k accounts are always excluded from bonuses at all firms, for legal reasons.
by snowman
Thu May 14, 2020 3:37 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 87
Views: 4061

Re: New Brake Pads

FWIW, I used to use Centric premium rotors and Akebono pads, really good combo for about $100/axle bought on Amazon, plus hardware kit and grease. Now I go for Advanced Auto/Carquest Platinum rotors and pads - $90 with online coupon, minus $25 MIR, $65 total/axle. And the pads come with with all ha...
by snowman
Wed May 13, 2020 10:11 am
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 87
Views: 4061

Re: Changing Brake Pads

OP, you started identical thread last week, and got lot's of suggestions but never came back:

viewtopic.php?f=11&t=314203

Why start a new thread now?
by snowman
Mon May 11, 2020 4:52 pm
Forum: Investing - Theory, News & General
Topic: New college graduates - what's the job situation?
Replies: 12
Views: 2475

Re: New college graduates - what's the job situation?

My son graduated last year (ME), but his buddy went the co-op route and graduated last week. His job offer got rescinded, so he is back living with his parents, and he is not happy...
by snowman
Mon May 11, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff Imminent, seeking guidance.
Replies: 56
Views: 7305

Re: Layoff Imminent, seeking guidance.

While it’s always good to be prepared to lose a job today, I would not be so sure that layoff is imminent. While I would not trust a word that management says (it’s their duty to keep the workforce fully productive), I do know they will not be dropping any clues to their workers either. All I am say...
by snowman
Mon May 11, 2020 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Easy $200 from Penfed?
Replies: 52
Views: 5397

Re: Easy $200 from Penfed?

Those who've successfully done bonuses that require debit card purchases, are you using the debit card online via the VISA/MC network, or if not, how are you setting it up? E.g. on amazon to do a reload. This is my first time doing any kind of debit card related bonus (requires 5x debit card charge...
by snowman
Sat May 09, 2020 10:05 am
Forum: Personal Consumer Issues
Topic: Rocks or Mulch?
Replies: 37
Views: 2011

Re: Rocks or Mulch?

Thanks for providing the picture, explains a lot. First off, landscape fabric is a terrible idea on a slope this steep. If you put mulch on top of it, it will quickly find its way down to the bottom by existing bushes. Plus, the wind will blow it around since it cannot stick to the ground due to bei...
by snowman
Thu May 07, 2020 6:35 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 87
Views: 4061

Re: New Brake Pads

It's really hard to put pads into a caliper in a way that will compromise safety. If you somehow managed to, I would expect that it would be impossible to put back on, so you would be obligated to fix it before putting everything back together. From a safety perspective, you should primarily be con...
by snowman
Thu May 07, 2020 2:42 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 87
Views: 4061

Re: New Brake Pads

Aside from allowing a jacked up car to fall on me, are there any other safety issues I should be concerned about in doing this myself that a basic YouTube video may miss? I'm mostly concerned at barrelling into something at high speed with no brakes. It's really hard to put pads into a caliper in a...
by snowman
Thu May 07, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 87
Views: 4061

Re: New Brake Pads

It amazes me that people still resurface rotors. Buying brand new ones costs dollars more than resurfacing, especially if you're changing the rotors/pads yourself. Such a simple job. If I ever opened a garage, I would only do brakes/rotors. Is there a bigger markup in terms of regular maintenance o...
by snowman
Thu May 07, 2020 8:39 am
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover - writing a HSA check from old custodian to new custodian?
Replies: 10
Views: 1385

Re: HSA Rollover - writing a HSA check from old custodian to new custodian?

Thanks for quick reply Spirit Rider! That's what I thought. I went through the interview several times to make sure I have not missed anything, and did it again just now, same results. Seems like the software error. Entered the numbers in those 2 fields manually.
by snowman
Wed May 06, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover - writing a HSA check from old custodian to new custodian?
Replies: 10
Views: 1385

Re: HSA Rollover - writing a HSA check from old custodian to new custodian?

The source custodian simply codes this as a distribution. It is the destination custodian that must code this as a rollover. If you do not submit the rollover paperwork correctly or the destination custodian does not code it correctly as a rollover contribution. The IRS with treat this as a non-qua...
by snowman
Tue May 05, 2020 11:48 am
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4787

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

Patzer wrote:
Tue May 05, 2020 11:42 am
livesoft wrote:
Tue May 05, 2020 11:22 am
Unscrew the plug and remove the hair ball with your fingers?
+1
I do this with a pair of pliers and it lasts a lot longer than Drano.
I use old metal coat hanger - I can make it any shape and any length I want, with the hook at the end pulling stuff up. Works like a charm.
by snowman
Tue May 05, 2020 10:41 am
Forum: Personal Investments
Topic: Taxable for Young Investor
Replies: 35
Views: 2486

Re: Taxable for Young Investor

My son is in somewhat similar situation. I say somewhat because he is not highly compensated employee - he is in military, which means he gets his housing, food and health insurance/expenses covered, tax-free. His relatively low salary is basically his spending money, and like your son he is not mat...
by snowman
Sun May 03, 2020 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Closing Chase Bank Account
Replies: 11
Views: 1514

Re: Closing Chase Bank Account

I do it every year after I get the bonus and minimum holding period is met. It's very easy and straightforward: 1. ACH all money out of Chase. 2. Send secure message to close the account. Works every time, 1 or 2 business days. Just make sure you do it in the same billing cycle to avoid any (potenti...
by snowman
Fri May 01, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

I see some posters saying "100hrs a week is unrealistic" or "just tell them you will only work 8-10 hours and then leave." These posters have no idea what financial services and particularly investment banking/HF/big consulting/big law jobs entail. I briefly worked in investment banking and was LUC...
by snowman
Fri Apr 24, 2020 10:10 am
Forum: Personal Consumer Issues
Topic: Tire Mileage Warranty - what's it worth?
Replies: 24
Views: 1474

Re: Tire Mileage Warranty - what's it worth?

Tire warranty always works for me, through Discount Tire. That's another reason why I shop there and not at Costco. When shopping for replacement tires, DT will always match competitors' lowest price, and then apply additional discount for tire not reaching its full warranty mileage. You can buy any...
by snowman
Thu Apr 23, 2020 4:16 pm
Forum: Personal Investments
Topic: True tax advantage of Vanguard funds over Fidelity?
Replies: 29
Views: 1860

Re: True tax advantage of Vanguard funds over Fidelity?

What's the problem with buying VTI at Fidelity? You get the best of both world's that way. What is there to learn? Genuinely interested. Is it just the fear of the unknown? BTW, Fidelity now allows ETF dollar investing in addition to purchasing whole shares, so there really is no benefit of MF over...
by snowman
Thu Apr 23, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want me to pay off their mortgage in exchange for title
Replies: 102
Views: 9212

Re: Parents want me to pay off their mortgage in exchange for title

After her death, my SIL's siblings accused my brother of cheating them out of their inheritance (even though they did not help out their mother). So no good deed goes unpunished. He planned to sell it, but will now let his kids inherit the farm and they can sell it, since there will be far fewer fa...
by snowman
Thu Apr 23, 2020 3:24 pm
Forum: Personal Investments
Topic: Laid off - Rollover 401K ?
Replies: 20
Views: 1506

Re: Laid off - Rollover 401K ?

Well, there are many threads on the subject, you could be reading for hours about why Fidelity vs. Vanguard. My personal opinion and experience is that Vanguard's IT has not kept up with competition. At Fidelity, you get better and faster website, much better customer service, including online chat...
by snowman
Thu Apr 23, 2020 3:04 pm
Forum: Personal Investments
Topic: True tax advantage of Vanguard funds over Fidelity?
Replies: 29
Views: 1860

Re: True tax advantage of Vanguard funds over Fidelity?

What's the problem with buying VTI at Fidelity? You get the best of both world's that way. What is there to learn? Genuinely interested. Is it just the fear of the unknown? BTW, Fidelity now allows ETF dollar investing in addition to purchasing whole shares, so there really is no benefit of MF over...
by snowman
Thu Apr 23, 2020 2:47 pm
Forum: Personal Investments
Topic: True tax advantage of Vanguard funds over Fidelity?
Replies: 29
Views: 1860

Re: True tax advantage of Vanguard funds over Fidelity?

What's the problem with buying VTI at Fidelity? You get the best of both world's that way. What is there to learn? Genuinely interested. Is it just the fear of the unknown? BTW, Fidelity now allows ETF dollar investing in addition to purchasing whole shares, so there really is no benefit of MF over...
by snowman
Thu Apr 23, 2020 2:16 pm
Forum: Personal Investments
Topic: Laid off - Rollover 401K ?
Replies: 20
Views: 1506

Re: Laid off - Rollover 401K ?

Well, there are many threads on the subject, you could be reading for hours about why Fidelity vs. Vanguard. My personal opinion and experience is that Vanguard's IT has not kept up with competition. At Fidelity, you get better and faster website, much better customer service, including online chat ...
by snowman
Thu Apr 23, 2020 11:42 am
Forum: Personal Investments
Topic: True tax advantage of Vanguard funds over Fidelity?
Replies: 29
Views: 1860

Re: True tax advantage of Vanguard funds over Fidelity?

What's the problem with buying VTI at Fidelity? You get the best of both world's that way. What is there to learn? Genuinely interested. Is it just the fear of the unknown? BTW, Fidelity now allows ETF dollar investing in addition to purchasing whole shares, so there really is no benefit of MF over ...
by snowman
Thu Apr 23, 2020 11:33 am
Forum: Personal Investments
Topic: Laid off - Rollover 401K ?
Replies: 20
Views: 1506

Re: Laid off - Rollover 401K ?

I would do rollover IRA at Fidelity, buy VTI there.
by snowman
Wed Apr 22, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want me to pay off their mortgage in exchange for title
Replies: 102
Views: 9212

Re: Parents want me to pay off their mortgage in exchange for title

Thats not adding up. Why would you need to pay off $180k for them to live there rent free? Couldnt you simply start paying the mortgage each month, until they are back on their feet? It doesnt make sense why you would need to drop $180k. Not to mention, if its in your name, you're responsible for t...
by snowman
Wed Apr 22, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best Place for Cash Right Now
Replies: 27
Views: 4220

Re: Best Place for Cash Right Now

LMCU HY checking 3%, up to 30K. Discover savings 1.5%.
by snowman
Wed Apr 22, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want me to pay off their mortgage in exchange for title
Replies: 102
Views: 9212

Re: Parents want me to pay off their mortgage in exchange for title

Surprised how many heartless responses there are to this question. Many if not most of us could afford to do this with little to no consequences financially. I’d do it in a heartbeat and not look back. Some things are more important than dying rich most especially the well being of my parents. I wo...
by snowman
Wed Apr 22, 2020 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Exit Interview
Replies: 78
Views: 5760

Re: Exit Interview

With all due respect, I think this is terrible advise! As everyone else already pointed out, this is a legal formality to make sure nothing falls through the cracks, not a fact finding mission to improve company's future performance. There is absolutely nothing to be gained in that meeting, and pot...