Search found 964 matches

by Ron Ronnerson
Tue Oct 23, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

Our Expenses (monthly): House Cleaning: $120 – done every 3 weeks Cable/Internet: $160 Gas for cars: $200 Groceries/Household Items: $1,000 Restaurants: $200 Pets: $80 (cats are on a special diet due to sensitive stomachs) As previously mentioned, start with your variable costs. Cleaning - with you...
by Ron Ronnerson
Tue Oct 23, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

OP here again. Any thoughts on accessing savings or Roth IRA contributions or getting a loan? Some more information: While our MAGI for next year has to be below $64k for health insurance purposes, I'll be contributing over $30k to retirement accounts in 2019 (to 457b, 403b, and IRAs) plus $11k in ...
by Ron Ronnerson
Tue Oct 23, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

"Our situation requires us to keep our income below a certain level so please bear with me as I explain the details. • Family of three – ages: 44, 44, and 4 • I’m a tenured teacher in the Bay Area and my wife will be (mostly) staying home with our daughter until she goes to 1st grade in a couple of...
by Ron Ronnerson
Tue Oct 23, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

gclancer wrote:
Tue Oct 23, 2018 11:43 am
finite_difference wrote:
Mon Oct 22, 2018 7:54 pm
Cut expenses by $5k/year and then spend $5k/year from savings. You are a tenured teacher so you are unlikely to lose your job, and when your wife starts working again you can rebuild your savings.
+1
This seems like a reasonable way to go about it. Thanks.
by Ron Ronnerson
Tue Oct 23, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

"Our situation requires us to keep our income below a certain level so please bear with me as I explain the details. • Family of three – ages: 44, 44, and 4 • I’m a tenured teacher in the Bay Area and my wife will be (mostly) staying home with our daughter until she goes to 1st grade in a couple of...
by Ron Ronnerson
Tue Oct 23, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

Spend down from your 50k in cash over the next 2 years and then rebuild the balance if you so desire once your wife rejoins the workforce. It’s not even spending above your means, think of it as shifting a portion of your taxable assets to tax advantaged accounts (because that’s exactly what your d...
by Ron Ronnerson
Tue Oct 23, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

I appreciate the comments about the cable bill being too high. I had called around over the summer to get quotes for Internet + streaming and didn't find that the savings would be as much as some people are saying they could be. I will renew my efforts and look into it again. Thanks very much. I wo...
by Ron Ronnerson
Tue Oct 23, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

Spend down from your 50k in cash over the next 2 years and then rebuild the balance if you so desire once your wife rejoins the workforce. It’s not even spending above your means, think of it as shifting a portion of your taxable assets to tax advantaged accounts (because that’s exactly what your d...
by Ron Ronnerson
Tue Oct 23, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

Regarding the TV/Internet service, we switched to YouTubeTV last year, and while the total savings is only about 1/3 of our original bill (~$105/month vs, $160/month), YTTV is ORDERS OF MAGNITUDE better than the cable box it replaced. Yes, we are missing some channels. So what. There is no shortage...
by Ron Ronnerson
Tue Oct 23, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

This looks like the case where someone can afford the health insurance, either through the employer or an individual policy, but would rather play games to cut his income in half. While phrased a bit harshly, this is actually a pretty accurate summation of the situation. Yes, the plan is to game th...
by Ron Ronnerson
Tue Oct 23, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

As I stated above, I think it is perfectly reasonable to temporarily reduce your savings rate for this period to a still-healthy rate. Since you framed it as a cash flow problem, people are treating it as an exercise in cutting expenses. Nothing wrong with that, but I don't think it's particularly ...
by Ron Ronnerson
Tue Oct 23, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

"We have a four bedroom/four bathroom home on three floors." For 2 adults and a child, this is a lot of house. I'd consider downsizing. Could you rent out your home and find a cheaper, smaller place to rent yourselves as a test? Our house is 2150 sq. feet and is larger than we really need. However,...
by Ron Ronnerson
Mon Oct 22, 2018 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

I appreciate the comments about the cable bill being too high. I had called around over the summer to get quotes for Internet + streaming and didn't find that the savings would be as much as some people are saying they could be. I will renew my efforts and look into it again. Thanks very much.
by Ron Ronnerson
Mon Oct 22, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

I am all for people trying to find ways to live more economically. But, I am a bit surprised at the level of what seems like judgement, and draconian cuts being suggested. Perhaps some of it is due to how the question is phrased. Imagine if the question had been phrased as: I earn $120k/yr., our ex...
by Ron Ronnerson
Mon Oct 22, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

The grocery plus restaurant bill is awfully high for your 64k target even for BA. Also cleaning 120$? With a stay at home wife and 64k of income? Cats have sensitive stomachs? Haha... Other than that I don't see what else you can cut. Union dues maybe? I see your point about the grocery bill and wi...
by Ron Ronnerson
Mon Oct 22, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

This looks like the case where someone can afford the health insurance, either through the employer or an individual policy, but would rather play games to cut his income in half. I'll bet your employer stopped paying for the insurance in lieu of giving you more money to cover it. All I will add is...
by Ron Ronnerson
Mon Oct 22, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

I’d also kill the cable part of cable/internet. Get an HD antenna and just watch over the air TV or stream things for free. You’d be surprised how much you can watch for free. For example, I’m watching Monday Noght Football on my iPad on the NFL app for free tonight. I didn't even see this one. I s...
by Ron Ronnerson
Mon Oct 22, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

OP here again. Any thoughts on accessing savings or Roth IRA contributions or getting a loan? Don't try to borrow you way out of the situation. You have plenty of "wants" you can cut. +1. OP, you already know the answer to your question that's consistent with BH philosophy. There are plenty of peop...
by Ron Ronnerson
Mon Oct 22, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

I might suggest: 1) If this is temporary, I might just take it from savings and wait for wife to go back. I don't like a 401k loan or Roth withdrawal in your case since you have the money. 2) Or, find a daycare (or beg in laws to help more often) and send wife back to work part time with benefits. ...
by Ron Ronnerson
Mon Oct 22, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

So you need to save 10K/year or $833/month. Seems like a tall order. Is the affordable health insurance worth having such serious cash flow limitations? (I'm not judging, I'm really curious. Our health insurance is $350/month so we haven't had to look for cheaper alternatives). Edited... I see you ...
by Ron Ronnerson
Mon Oct 22, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

After reducing expenses by cutting out housekeeping and spending less on groceries, can your wife earn some extra cash by babysitting, petsitting, dog walking or possibly cleaning someone else's home? Any money she earns would need to be directed to retirement in order to not lose the tax credit fo...
by Ron Ronnerson
Mon Oct 22, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

-Clean your own house: ~$2000 -Cut cable: ~$1200 -Drive less: $600 -Eat out less: $1200 (cuts eating out in half, more room for savings available) -Cut grocery bill: $2400 (this still leaves $200/week, which many would consider high) -Do a staycation this year: $1200 -Turn off the lights: $600 (Ser...
by Ron Ronnerson
Mon Oct 22, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

Cut expenses by $5k/year and then spend $5k/year from savings. You are a tenured teacher so you are unlikely to lose your job, and when your wife starts working again you can rebuild your savings. I like this suggestion. Thanks. I will look for ways to come up with a reduction of $5k in expenses. I...
by Ron Ronnerson
Mon Oct 22, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

So you need to save 10K/year or $833/month. Seems like a tall order. Is the affordable health insurance worth having such serious cash flow limitations? (I'm not judging, I'm really curious. Our health insurance is $350/month so we haven't had to look for cheaper alternatives). Edited... I see you ...
by Ron Ronnerson
Mon Oct 22, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

OP here again. Any thoughts on accessing savings or Roth IRA contributions or getting a loan? Some more information: While our MAGI for next year has to be below $64k for health insurance purposes, I'll be contributing over $30k to retirement accounts in 2019 (to 457b, 403b, and IRAs) plus $11k in p...
by Ron Ronnerson
Mon Oct 22, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

The grocery plus restaurant bill is awfully high for your 64k target even for BA. Also cleaning 120$? With a stay at home wife and 64k of income? Cats have sensitive stomachs? Haha... Other than that I don't see what else you can cut. Union dues maybe? I see your point about the grocery bill and wi...
by Ron Ronnerson
Mon Oct 22, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

Re: 2019 Expenses > 2019 Income – Help us close the gap

This question isn't really about 2019, is it? You need to find a solution that lasts the rest of your life. Or you could assume that when your wife goes back to work she will somehow have better insurance. How long will that be? How certain are you that she will go back to a job with better insuran...
by Ron Ronnerson
Mon Oct 22, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 87
Views: 3291

2019 Expenses > 2019 Income – Help us close the gap

Our situation requires us to keep our income below a certain level so please bear with me as I explain the details. • Family of three – ages: 44, 44, and 4 • I’m a tenured teacher in the Bay Area and my wife will be (mostly) staying home with our daughter until she goes to 1st grade in a couple of y...
by Ron Ronnerson
Mon Oct 22, 2018 12:35 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1276
Views: 217112

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

We left about $30k in each of our TDA Roth IRA accounts [...] in 6 months, we'll start consolidating again to hopefully collect more bonuses. Will you be closing TDA before then, or do they allow bonuses even if you have the same account with already, e.g. your Roth IRA is still active, and you'll ...
by Ron Ronnerson
Sun Oct 21, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 5620

Re: Pull kids from school for vacations?

Thanks all. I appreciate the feedback (especially from the teachers) and will try schedule vacations around the school schedule. I may pull them but only for unique, family focused trips that can't taken at a different time. I didn't realize this would be such a heated topic. I didn't anticipate al...
by Ron Ronnerson
Sat Oct 20, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 5620

Re: Pull kids from school for vacations?

I’m a teacher and work in a public school where most of the families are Asian. The kids, in general, are high-performing where I work. Many families often travel during Winter Break and Spring Break and some add on an extra week or two to their trips so the students end up missing days of school. I...
by Ron Ronnerson
Sat Oct 20, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1276
Views: 217112

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

transferred our two Roth IRA accounts from TD Ameritrade to Merrill Edge. Were you a legacy TD Ameritrade customer where they waived the transfer fee? Otherwise, how were the transfer fees charged? Before I initiated the transfer to Merrill Edge, I called TD Ameritrade and asked them if they could ...
by Ron Ronnerson
Sat Oct 20, 2018 1:18 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1276
Views: 217112

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I love this thread. It motivated me to get a opening bonus for my smallish Merril Edge taxable account and then two retention bonuses. A couple Quick questions: For those who take advantage of brokerage/ bank account bonuses 1) how much time do you find it taking to do so per month? 2) Do you have ...
by Ron Ronnerson
Sat Oct 13, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5393

Re: Weigh in on our Marital Argument =)-- HCOL edition

Your current situation seems too cramped to me. Four people in a two-bedroom condo seems too tight. Add family visits, and it seems like way too much. Also, your kids are growing older. They will need a quiet place to study and do homework in the years ahead. I think it’s great your parents visit of...
by Ron Ronnerson
Sat Oct 06, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9627

Re: What is your annual cost for health insurance?

Healthy couple 64yo in Cali (Bronze HDHP/ PPO no ACA subsidy): 2018: $20,099 premium; $9,600 deductible; expect to pay $2,300 out of pocket (deductible not reached) 2019 quote: $22,405 premium; $12,000 deductible; OOP unknowable, transitioning to Medicare anyway.... Don't forget the 3.8% net invest...
by Ron Ronnerson
Sat Oct 06, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9627

Re: What is your annual cost for health insurance?

We’ve started planning for next year as Covered California has 2019 information up now. Our ages: 44, 44, and 4. Profession: Public School Teacher Wages: Around $120k (includes interest). Raise this year was 1% and local inflation is over 4% (Bay Area). Health Insurance Options Through Employer: My ...
by Ron Ronnerson
Sun Sep 30, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1276
Views: 217112

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

It looks like they didn't make the same change for retirement accounts . That's good for my regret minimization (I just transferred my Roth IRA a few months ago) but disappointing for new transfers. Are your referring to the link that whodidntante posted? When I click on it, the page lists options ...
by Ron Ronnerson
Sun Sep 30, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1276
Views: 217112

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

It looks like they didn't make the same change for retirement accounts . That's good for my regret minimization (I just transferred my Roth IRA a few months ago) but disappointing for new transfers. Are your referring to the link that whodidntante posted? When I click on it, the page lists options ...
by Ron Ronnerson
Sun Sep 23, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 73
Views: 4711

Re: How to pay for upcoming medical / IVF expenses

I’m going to assume you’re doing fairly well financially but just have a short-term cash flow issue. I’m making this assumption based on your $200k income and that you put down $200k as a down payment on your home and recently paid cash for a car. I’d look to make a thousand small cuts in your budge...
by Ron Ronnerson
Wed Sep 19, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7502

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

Based on the info you’ve provided, I would not attack this mortgage with a vengeance. You’re young and your interest rate is decent. I’d invest the money and not make drastic changes. Don’t try to fix something that isn’t broken.
by Ron Ronnerson
Tue Sep 18, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5404

Re: 38% pay cut for dream job?

I won’t comment on the financial aspects of your decision but you do have some moving parts to think about. We adopted our daughter after an exhausting process of quite a few ups and downs that included being previously matched. We had to travel to various places as soon as we received a phone call....
by Ron Ronnerson
Mon Sep 10, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 10204

Re: Side Hustle Options/Suggestions.

For guaranteed no cost income I would focus on churning bank account bonuses, brokerage account bonuses, and credit cards. For someone who hasn’t done anything yet you should be able to make $10k-$20k over 2 years if you take it seriously. Please teach me.... Only issue is my company is small, no H...
by Ron Ronnerson
Sun Sep 09, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: 403b fixed 7% return - treat as bonds w.r.t. asset allocations?
Replies: 9
Views: 924

Re: 403b fixed 7% return - treat as bonds w.r.t. asset allocations?

Good point - that 7% fixed return is pretty great so it totally makes sense why you’d fund the 403b first. I overlooked the fact that the same investment option wasn’t also available to you in your 457b.
by Ron Ronnerson
Sun Sep 09, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: 403b fixed 7% return - treat as bonds w.r.t. asset allocations?
Replies: 9
Views: 924

Re: 403b fixed 7% return - treat as bonds w.r.t. asset allocations?

I think you should put something into Roth accounts as well. No one knows what future tax rates will be so it's good to have different types of accounts from which you can draw when the time comes. With a $90k pension, there is definitely a possibility that your tax rate could be higher in retiremen...
by Ron Ronnerson
Thu Sep 06, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 4071

Re: Psychology of saving for college vs retirement

it was my obligation to pay for their college and risk having to work longer or dramatically reduce spending if my career went off the rails. The difference in opinion is interesting. We also feel the obligation to pay for our children's education. However, we choose to cash flow it instead. There ...
by Ron Ronnerson
Thu Sep 06, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5202

Re: $200 cash bonus offer from Citi

We have $10,000 sitting in an online savings account , earning 1.85%. This is our starter emergency fund. Citi has an offer where if you open a new checking account and keep $5000 of new money in for 60 days, they will give you $200. I was thinking of doing that for both my wife and I. That would g...
by Ron Ronnerson
Mon Sep 03, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5202

Re: $200 cash bonus offer from Citi

I prefer brokerage bonuses because I really don't keep a lot of cash around and what I do I want in my checking so I don't have to worry about having enough to cover draws. Also some brokerage bonuses you can get in Roth, which is always nice. As always, more information: https://www.bogleheads.org...
by Ron Ronnerson
Mon Sep 03, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5202

Re: $200 cash bonus offer from Citi

I prefer brokerage bonuses because I really don't keep a lot of cash around and what I do I want in my checking so I don't have to worry about having enough to cover draws. Also some brokerage bonuses you can get in Roth, which is always nice. As always, more information: https://www.bogleheads.org...
by Ron Ronnerson
Mon Sep 03, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5202

Re: $200 cash bonus offer from Citi

I'm happy to pay more taxes because it means I made more money. Not all report it either... This is a fun, lucrative hobby. I wouldnt let $10,000 sit making 1%... You and I see it similarly about it being a fun, lucrative hobby. I'm not a big fan of taxes, though. Our strategy on that front is that...
by Ron Ronnerson
Mon Sep 03, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5202

Re: $200 cash bonus offer from Citi

I don't know about your specific offer, but these seem to usually require direct deposit, which (in addition to the taxes things) is too much trouble for my taste And or can be impossible! My husband and I have no way to do it at all. I have debated having $1.50 of my.moms ss check but that never s...