Search found 891 matches

by snowman
Sun Jun 16, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 289
Views: 32692

Re: How Bad was 2008, really?

08 was bad. Really bad. 2000-02 was a piece of cake compared to 08. Not if you worked in tech or finance related to technology. I agree at a total economy level. The systemic risks of total financial collapse in 2008 were 100x greater. Agree with Valuethinker. I was in tech at that time, and it was...
by snowman
Thu Jun 13, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best prepaid debit card for a teen
Replies: 23
Views: 1179

Re: Best prepaid debit card for a teen

Our setup was with Capital One: teenager gets her own checking account with free debit card, plus up to 2 savings accounts. I had the same - checking and savings. I could see and transfer money in and out of any account; teenager could only see and transfer money between her own accounts (like from ...
by snowman
Wed Jun 12, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 731
Views: 77542

Re: Fidelity as a one stop shop

My biweekly paycheck is memo posted and available for trading and withdrawal in my Fidelity brokerage account on Thursdays at 7:30 am, a day before our “scheduled” payday on Friday. I'm surprised Fidelity lets you at the funds a day early. As I mentioned above, I see them at my credit union as a fu...
by snowman
Mon Jun 10, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 731
Views: 77542

Re: Fee Reimbursment

On fidelity.com/cma it says that the atm fee is reimbursed the same day - is this actually true? It's reimbursed next business day in my experience. So it should hit your account today, and you should see it posted tomorrow at the latest. I also encourage you to chat online with Fidelity CS - they ...
by snowman
Sun Jun 09, 2019 11:52 am
Forum: Personal Investments
Topic: considering opening a UTMA to reduce taxes... financial aid mistake?
Replies: 29
Views: 1330

Re: considering opening a UTMA to reduce taxes... financial aid mistake?

You didn't mention the Kiddie Tax for unearned income over $2,200 (2019) for a child under age 24 if a full time student. I'm not familiar with it, but I've read unearned income over $2,200 for a full time student child under 24 is taxed at the same rate for "trusts & estates". I don't know exactly...
by snowman
Tue Jun 04, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: What is considered new money for bank sign up bonuses?
Replies: 3
Views: 308

Re: What is considered new money for bank sign up bonuses?

Depends on the bank. I believe Cap1 does allow recycling the same money if my memory serves. Discover also worked this way. Perhaps review Doctor of Credit for tips/tricks on specific bank bonuses. Agree, correct answer is it depends, and Doc's website is the best source of available info. Banks ar...
by snowman
Tue Jun 04, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 731
Views: 77542

Re: Fidelity Cash Management Account - Anyone Use it?

I have the Brokerage routing/account setup at my banks too so I can transfer directly into it. Do you use your bank accounts to “pull” funds via ACH or wire transfer from Fidelity? Or vice versa? Just wondering if there is any difference in the time it takes for funds to be available at bank or Fid...
by snowman
Tue Jun 04, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 731
Views: 77542

Re: Fidelity Cash Management Account - Anyone Use it?

There have been many threads on the subject, here is the more recent one:

viewtopic.php?f=2&t=266538

Read through it and you will understand many different capabilities Fidelity CMA offers. Yes, it is a brokerage account mascaraing as checking account.
by snowman
Tue Jun 04, 2019 10:41 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1763
Views: 277239

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Is there a website or Wiki page that keeps current on brokerage transfer bonuses? Rick Ferri Hi Rick, There are many websites that track brokerage bonuses, hard to list them all here. This thread is a good place to ask questions on personal experiences when it comes to account churning, taxes, fee ...
by snowman
Mon Jun 03, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: Prepping a house for sale: What are the priorities?
Replies: 42
Views: 9514

Re: Prepping a house for sale: What are the priorities?

Excellent write up, OP. That's what we plan to do as well. Quick question on #11 - I assume you did those outside shots yourself, correct? If so, how did they compare to professional shots realtor took a year later? Or did you sign the contract a year earlier, and had realtor take those shots outsi...
by snowman
Mon Jun 03, 2019 10:35 am
Forum: Personal Consumer Issues
Topic: Prepping a house for sale: What are the priorities?
Replies: 42
Views: 9514

Re: Prepping a house for sale: What are the priorities?

Excellent write up, OP. That's what we plan to do as well. Quick question on #11 - I assume you did those outside shots yourself, correct? If so, how did they compare to professional shots realtor took a year later? Or did you sign the contract a year earlier, and had realtor take those shots outside?
by snowman
Sun Jun 02, 2019 12:47 pm
Forum: Personal Consumer Issues
Topic: Santa Fe real estate
Replies: 64
Views: 4102

Re: Santa Fe real estate

Have you actually visited SF, really liked it and put it on your list, and are now just checking RE market? Or, you've never been there, but it checks out lots (or all) of your boxes, so you are exploring RE market? Yes, I have visited. I did tick all my boxes, except possibly cost. Thanks. I only ...
by snowman
Sun Jun 02, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

I think livesoft is correct. This kid isn’t currently college material. I’m actually more concerned about his ability to pass freshman English than classes in his major. The only thing I would say at this point is that since it seems clear that dad is going to send the kid off to college anyway, do...
by snowman
Sun Jun 02, 2019 10:43 am
Forum: Personal Investments
Topic: Pre-Military Seeking Investment Planning
Replies: 49
Views: 2420

Re: Pre-Military Seeking Investment Planning

I don't think I can apply for savers credit this year since I'd be considered a student while studying in A-school for a year. And, doesn't Roth makes sense in that scenario anyway? Doesn't traditional only get taxed when you decide to withdraw your funds or am I missing something? Fidelity CMA is ...
by snowman
Sun Jun 02, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: Santa Fe real estate
Replies: 64
Views: 4102

Re: Santa Fe real estate

Have you actually visited SF, really liked it and put it on your list, and are now just checking RE market? Or, you've never been there, but it checks out lots (or all) of your boxes, so you are exploring RE market?
by snowman
Sun Jun 02, 2019 9:52 am
Forum: Personal Investments
Topic: Pre-Military Seeking Investment Planning
Replies: 49
Views: 2420

Re: Pre-Military Seeking Investment Planning

OP, First, let me say I am not military personnel, so I cannot comment on some specific questions of yours. However, my son just commissioned with AF last month and will start AD next month, so we have done similar financial planning over the last few months. With that said, I think you have a great...
by snowman
Fri May 31, 2019 11:45 am
Forum: Personal Consumer Issues
Topic: Stone Flooring
Replies: 6
Views: 592

Re: Stone Flooring

You are on the right track - I cannot think of any other option. I cannot believe previous owner did that! You always want to have nice, stable, flat cement base. Don't know what your plans for the house are, how much money you have, or how much effort you are willing to put into it. I am a DIY guy...
by snowman
Fri May 31, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: Does one need a bank account anymore?
Replies: 60
Views: 4266

Re: Does one need a bank account anymore?

The fidelity article on this topic made me think. If I have a cash management and brokerage account with them, what might I miss with those being my only accounts? If there is no need in your daily life, you don't really need another account. I love Fidelity CMA! There are some reasons why others (...
by snowman
Fri May 31, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Does one need a bank account anymore?
Replies: 60
Views: 4266

Re: Does one need a bank account anymore?

If no fee, why not to have another one. But my current bank needs direct deposit to waive fees. I don't like it. This can be easily mitigated by opening account at the bank that doesn't charge any monthly fee (many don't), or by setting "direct deposit" from your current bank. I have yet to find B&...
by snowman
Fri May 31, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Stone Flooring
Replies: 6
Views: 592

Re: Stone Flooring

You are on the right track - I cannot think of any other option. I cannot believe previous owner did that! You always want to have nice, stable, flat cement base. Don't know what your plans for the house are, how much money you have, or how much effort you are willing to put into it. I am a DIY guy,...
by snowman
Thu May 30, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

What is the rush about going to college. How about: 1) encourage kid to take a gap year to mature AND earn/save some money towards college expenses 2) possibly take some transferable online classes during that gap working year to get some prerequisites and/or gen ed requirements out of the way and ...
by snowman
Thu May 30, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

Cut son from insurance and get him a catastrophic health plan when he goes to college. Cutting son from insurance could be a very poor decision. OP needs to cover his young daughter and in most places with which I am familiar, the cost of dependent child coverage (up to age 26) is independent of th...
by snowman
Thu May 30, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

Is there a reason to not fund the 529 now so as to take advantage of tax-free growth? Maybe that is what you have planned, but it sounds as though you intend to transfer the money only as needed. This actually is a good plan by OP. His kid starts college in less than 3 months, so time for growth ha...
by snowman
Thu May 30, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

After much thought, think we have a plan. Pay off Heloc to have more cash flow. (Should be able to pay off before end of year) Try and budget more and limit vacation to $x amount each year to visit family. Save up in taxable to the max. Transfer $ from taxable when needed to 529 to get 4.63% tax cr...
by snowman
Wed May 29, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

Let's be a little less judgmental and more like Mr. Spoc and simply look at the numbers. Things desired: Pay for college for 2 kids. Pay off debt. Pay into retirement savings. One can't do all 3 right now. So it's simply a matter of setting up priorities. The end. He can do all 3. He can't do the 4...
by snowman
Wed May 29, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

Cannot comment on Mines, but tuition and fees at CU Boulder are $16K fixed for 4 years at College of Engineering (lower at other colleges except for Business). So definitely much lower than $25K, not the other way around. In addition, CU Boulder will pay 100% T&Fs to in state residents that are als...
by snowman
Wed May 29, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

So go to a cheaper college in that state or go to a college in a different state. This is not a difficult concept. Colorado Mountain College has an in-state tuition of $4,320 per year (two semester of twelve credits each). https://coloradomtn.edu/tuition-costs/, for example. Colorado Mountain Colle...
by snowman
Wed May 29, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14555

Re: Can we afford to pay for our kid's college (at all)?

Based on thread header ending with "(at all)?", I thought we are talking about family making about $40-$50K/year. There was another thread by OP I responded to, I had no idea at that time we are talking about family making $300K+... Here is OP's response from that thread: https://www.bogleheads.org/...
by snowman
Wed May 29, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 1036
Views: 89944

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Here is my experience transferring from LMCU. I decided I do not want to do direct transfer, pay $35 account transfer fee, and then hope it will take less than a month and that nothing goes wrong. So 60-day rollover for me. Day 1: sell investments in investment account Day 2: investment proceeds tra...
by snowman
Tue May 28, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 134
Views: 10319

Re: House not selling

Thanks for posting, OP. It helps getting more details. Personally, this lack of communication is a giant red flag and this realtor has to go today! Seriously. Competition in my area is so high that texts/messages/calls are returned within minutes, an hour or two at the latest if they are with anothe...
by snowman
Mon May 27, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 134
Views: 10319

Re: House not selling

Thanks for the replies. We dont have a pool or jungle gym or any other large feature. Im not sure what do about the realtor. He did help me find a cheap painter who did a great job. He also helped fix a bathroom countertop which had some issues ( rot from a small leak ) which has been fixed. I dont...
by snowman
Mon May 27, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 12382

Re: Is the housing market starting to collapse?

This thread is either: - Homeowner's who don't want prices to drop saying that there's no collapse OR - People hoping for prices to drop (so they can buy) saying that there will be a collapse Not really, at least not from my perspective. I just enjoy reading posts from different parts of the countr...
by snowman
Mon May 27, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 134
Views: 10319

Re: House not selling

It's hard to speculate without knowing all the details and specifics of your market, but based on your limited description it seems to me like a bad realtor. Did you interview at least 3 realtors before making a decision? Did you check their sales record in your immediate area? A good realtor would ...
by snowman
Sun May 26, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5202

Re: Close to making an offer on a home

Time for some tough love. The types of questions you are asking along with some of the details you have posted lead me to conclude you are not yet ready to buy any home, not just this one. The mentality of “this seller seems well to do so they must not need 10-15k like we do so we will submit a low...
by snowman
Sat May 25, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 731
Views: 77542

Re: Fidelity as a one stop shop

How does check writing & ATM withdrawals work when you have both brokerage and CMA account. Say, brokerage account has balance of $1,000 in SPAXX or default core account Say, CMA account has balance of $0, with overdraft set to brokerage account sweep Now I write a check using my CMA account for $1...
by snowman
Sat May 25, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 12382

Re: Is the housing market starting to collapse?

My piece of anecdotal evidence, watching our local RE market (Denver suburb $500K-$750K) closely as we are potential sellers next year. Last June appeared to be the top, as the market cooled off significantly after that. Late summer and fall, houses sat on the market a lot longer, and sold only afte...
by snowman
Mon May 06, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Educational pathway(s) for future engineer
Replies: 89
Views: 4023

Re: Educational pathway(s) for future engineer

Not an engineer, but we were in your shoes 4 years ago. Son was HS academic “superstar” but wasn’t lucky enough to get into MIT or Princeton. He “settled” for University of Minnesota on full academic scholarship. He had so many credits (I think he took 12 or 13 AP classes) that he officially entered...
by snowman
Sun May 05, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: College Academic Scholarships?
Replies: 30
Views: 1853

Re: College Academic Scholarships?

I have been advocating for him to attend a satellite college nearby to get his core classes and prove he could perform at the college level. Unfortunately he spoke to a recruiter and already applied to the state college before talking to us. He is dead set on attending this college and very excited...
by snowman
Sun May 05, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 11547

Re: College Expenses

We have a 7 and 12 year old with roughly $80K and $90K put away so far for college. My question - How do I "guess" REAL college expenses? I know the costs of the state schools. Private schools seem to have an "advertised rate" of around $60-$75K/year but of my colleagues with kids in those schools ...
by snowman
Sun May 05, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: College Academic Scholarships?
Replies: 30
Views: 1853

Re: College Academic Scholarships?

OP, You are in for a big disappointment! I would strongly caution you not to go down this road. I too would advise going the CC route and making sure classes are transferable. First off, renewable merit scholarships go to academically outstanding freshmen students only. Most non-renewable merit scho...
by snowman
Fri May 03, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: college kid and health insurance
Replies: 20
Views: 775

Re: college kid and health insurance

Same situation here – silver plan ACA, oldest kid went OOS. Did not want to pay expensive HI provided by college. What we did was call our ACA insurer and asked specifically what the coverage would be OOS for our kid and what the claim process would look like if something happens (went over several...
by snowman
Fri May 03, 2019 2:08 pm
Forum: Personal Investments
Topic: Should I go to a Fidelity Office to Set up Account?
Replies: 39
Views: 2773

Re: Should I go to a Fidelity Office to Set up Account?

If I were you, I would open account online, mostly because mistakes happen - like misspelled name, or email address, or phone number, whatever. So you open online and make sure everything is correct. Then you go into your local office and talk to whoever you want to talk to, ask questions, sit down,...
by snowman
Fri May 03, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: college kid and health insurance
Replies: 20
Views: 775

Re: college kid and health insurance

Same situation here – silver plan ACA, oldest kid went OOS. Did not want to pay expensive HI provided by college. What we did was call our ACA insurer and asked specifically what the coverage would be OOS for our kid and what the claim process would look like if something happens (went over several ...
by snowman
Tue Apr 30, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Cash Back CC Question
Replies: 13
Views: 1691

Re: Fidelity 2% Cash Back CC Question

Another Fidelity question: I'd like to set up my automatic mortgage payments using the cashback credit card, but my mortgage company's website only allows me to input routing/account number (like from a checkbook), rather than a credit/debit card. Is there a way to input a credit card number into t...
by snowman
Tue Apr 30, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 73
Views: 6202

Re: out of network emergency visits. Huge bill!!!

Health care in this country is absolutely insane. If this had happened to you in literally any other country with safe drinking water you wouldn’t have anything to worry about. Sorry, OP. +1. For those of you suggesting that OP should've done his homework beforehand, I don't know what to say. I hav...
by snowman
Tue Apr 30, 2019 10:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard Lowers 21 ETF Expense Ratios
Replies: 76
Views: 7650

Re: Vanguard Lowers 21 ETF Expense Ratios

“Seriously” though, the direction Vanguard is heading, to become a ETF vendor with rock bottom prices, is very different than the company many of us started out with who looked to Vanguard as our financial home for recurring admiral mutual fund purchases, checking with Advantage, and access to Flag...
by snowman
Mon Apr 29, 2019 12:37 pm
Forum: Personal Investments
Topic: Opening an Account: Vanguard vs. Fidelity
Replies: 41
Views: 2892

Re: Opening an Account: Vanguard vs. Fidelity

Sorry for the novice question but how are ETFs more hassle. If I am simply buying once a month and there are no commissions and lowers ERs I think it’s a win. What am I missing? You are not missing anything, you have a good plan. One big advantage of ETFs over MFs is their transferability between b...
by snowman
Tue Apr 23, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 731
Views: 77542

Re: Fidelity as a one stop shop

Is it possible to send funds from my fidelity account to her? Will EFT work in this case since these are two different individually owned fidelity accounts. In the past I've done this using bill-pay. I believe it does end up getting electronically settled, but if I recall correctly it might take a ...
by snowman
Sat Apr 20, 2019 3:50 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1763
Views: 277239

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have $50K of emergency funds that I would like to use to chase bonuses. For example, I just moved $25K to chase you invest where I have it in the VMMXX money market fund, earning 2.x% (yes I realize its not literally risk free, but i'm willing to do that fund to get a decent (non guaranteed) retu...
by snowman
Sat Apr 20, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2092

Re: Best Credit Card for College Freshman

The card act was to to stop the Wild West that credit card companies had operated on college campuses. During freshman orientation, the start of the school year or even during the year. It was a carnival atmosphere with credit card companies Hawking there cards with all kinds of gifts and promotion...