Search found 3850 matches

by DaftInvestor
Sat May 19, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 196
Views: 40714

Re: "Why 97% of People Don't Use 529 College Savings Plans."

CedarWaxWing wrote:
Sat May 19, 2018 5:23 pm
willthrill81 wrote:
Sat May 19, 2018 4:13 pm
Please be careful not to derail this thread and get it locked with conjecture about the future of higher education.
My apologies. Deleted by me.
Since the thread started in 2014 - I wouldn't worry about derailing...
by DaftInvestor
Sat May 19, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 6
Views: 329

Re: What are downsides of ESPP @ 15% discount ?

It's practically money in the bank but not 100% risk free. Tha only additional item that isn't in your list that I know of is if you are subject to a blackout period that prevents you from selling after purchase. (Example - you get involved in a major upcoming event such as a merger or acquisition a...
by DaftInvestor
Sat May 19, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 196
Views: 40714

Re: "Why 97% of People Don't Use 529 College Savings Plans."

The OP does list out some valid negative aspects of 529 plans. But I felt they dont apply to me,. Reason being. I have already maxed out 401k, IRA, mortgage, cash balance, etc. I still have plenty monies left over. Yes of course I can and do put a good chunk of that into S&P index funds and other m...
by DaftInvestor
Sat May 19, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 60
Views: 3034

Re: What’s your phone/internet bill?

$199 all in - includes landline, 150mbps up/down internet and TV service with nearly every channel (sports, showtime, HBO, etc.).
by DaftInvestor
Fri May 18, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 2808

Re: Fellow non-529ers

Regarding getting "slaughtered on taxes" when trying to withdraw excess funds - is it really that much worse than the taxes you'd pay in a taxable account? IIRC there is an additional 10% tax on capital gains when you withdraw for reasons other than school expenses, but there's also been years of t...
by DaftInvestor
Fri May 18, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 3868

Re: Surgeon salary vs owning a business salary/profit?

To answer your question: Surgeon makes more on average without a doubt since so many businesses struggle to break even. However, in business you have a chance of clearing a lot more money than a surgeon - if you work hard, have a knack for it, work your way up, and happen to be in all the right plac...
by DaftInvestor
Thu May 17, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 130
Views: 6742

Re: how do you tip on wine at a restaurant

L I also tip on the total not the sub-total as I know some cheapskates do. It's interesting that a waiter in a high sales tax jurisdiction will get a bigger tip from you for doing the same exact thing as a waiter in low (or zero) sales tax jurisdiction would. For a $100 meal, 20% tip on the tax in ...
by DaftInvestor
Thu May 17, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7438

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

OP: Someone above stated they shared Warren Buffet's views on Silver (and other commodities) as NOT being an investment but rather a speculation. In case you don't know what this means here is a Warren Buffet quote: “The problem with commodities is that you are betting on what someone else would pay...
by DaftInvestor
Thu May 17, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Bank Interest Rates — when will they go up?
Replies: 23
Views: 2249

Re: Bank Interest Rates — when will they go up?

It seems to be happening slowly but surely.
gsbank just went up to 1.7% percent and synchrony recently to 1.65%.
by DaftInvestor
Thu May 17, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Bed Bugs
Replies: 35
Views: 3117

Re: Bed Bugs

Why not call a couple more places and tell them how many square feet the rooms are; how many square feet your house is - and get a couple more quotes over the phone?
You can then see what price is reasonable.
by DaftInvestor
Thu May 17, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 12
Views: 1314

Re: Buying I bonds - what is the purpose of Registration on TD website

Are there any common factors or situations where people decide that I bonds make sense? I currently have no I bonds, but I see some appeal. Is this for people who have all tax advantaged space filled with bonds? If so, is an extra 20k a year enough to move the needle? Aren't muni bonds in taxable e...
by DaftInvestor
Thu May 17, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 361
Views: 15532

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I've run the math for myself and would say for me it is VERY likely.
But unlike the OP, I have 0 pension to consider (versus the OPs $125K).
For those with a healthy pension (plus a 401K on top of it) - the math may not work towards a lower tax bracket.
by DaftInvestor
Wed May 16, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: I will be laid off but can not get unemployment benefits?
Replies: 26
Views: 3767

Re: I will be laid off but can not get unemployment benefits?

If you need the unemployment payments then you should close your business prior to getting laid off. Your wife can then re-establish the business under all her own information. Why not do this? One reason for not doing this might be the loss of the reseller ratings/reviews resulting in a drop in bu...
by DaftInvestor
Wed May 16, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE book recommendation request.
Replies: 17
Views: 994

Re: FIRE book recommendation request.

I'd hope that the OP, a long-time BH, is already far along on the path to wealth if he's considering retiring early in a year or so ;) So is that really the book he should be looking for? (I haven't read it, so asking for myself as well) I was thinking the same thing. If the OP is stating he can re...
by DaftInvestor
Wed May 16, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: I will be laid off but can not get unemployment benefits?
Replies: 26
Views: 3767

Re: I will be laid off but can not get unemployment benefits?

My understanding is that if you own your own business you are not technically unemployed - thus cannot claim benefits. Sounds like this is what you learned from your state's agent. Unemployed benefits are for those that are truly unemployed. If you need the unemployment payments then you should clos...
by DaftInvestor
Wed May 16, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Grand Canyon or other Nat'l Park in October?
Replies: 44
Views: 2172

Re: Grand Canyon or other Nat'l Park in October?

Acadia National Park in Maine is gorgeous in October and while not empty - it is far less crowded than it is in the summer. Also - Mount Desert Island (where the park primarily sits) is considered one of the most fascinating geologic features on the eastern seaboard. Lots of rocks for your wife to e...
by DaftInvestor
Wed May 16, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 79
Views: 3927

Re: keyless ignitions and carbon monoxide

Why does the NYT's article blame the car versus the lack of a CO detector by the home-owner? Everyone with an attached garage should have at least one CO-detector alarm. My wife once left her car running in the garage WITH A KEY. Not sure of statistics of people that leave their cars running with a ...
by DaftInvestor
Wed May 16, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 130
Views: 6742

Re: how do you tip on wine at a restaurant

$5 per person reminds me of my grandfather. He tipped 25 cents per person, regardless of the bill or venue. Coffee shop donuts? 25c/pp. Steak dinner? 25c/pp. That was his rule and it saved him a lot of money. You're grandfather sounds like my kind of guy! :sharebeer With a 25c/pp tip - if you retur...
by DaftInvestor
Wed May 16, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Unique Phone Apps that you find yourself using most often?
Replies: 30
Views: 2882

Re: Unique Phone Apps that you find yourself using most often?

- Accuweather to see if it will be raining before I leave the house - I like the "Minute-cast" which is usually pretty accurate (tells me, for instance, rain will start in 27 minutes). Also good for planning my weekend. - Bloomberg for news along with a few others that I sometimes check (CNN for the...
by DaftInvestor
Wed May 16, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 130
Views: 6742

Re: how do you tip on wine at a restaurant

I tip 15 - 20% tip on the entire bill as customary in the US. I never thought to break out wine separately and if you are that concerned such that you want to short the wait staff their tip on wine perhaps you don't realize there is typically a 2x to 3x markup on the wine (in which case, perhaps you...
by DaftInvestor
Wed May 16, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 49
Views: 7119

Re: Golden Handcuffs

error 404: Golden handcuffs not seen. Golden handcuffs are that you have $1,000,000 in RSUs that won't vest for 5 years. Leaving means you give up significant money. Not just good benefits. This is what I was thinking when I read the OPs post. I thought he would mention options/RSUs. To me - a good...
by DaftInvestor
Wed May 16, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: College laptop for fall 2018 freshman
Replies: 75
Views: 3980

Re: College laptop for fall 2018 freshman

I wanted to add some things that haven't been brought up: ergonomics and avoiding Repetitive Stress Injuries (RSI) and long-term hell. ....... Great post. I offered my kids external monitors, keyboards, and mice to go along with the laptops we outfitted them with at college time. One took me up on ...
by DaftInvestor
Wed May 16, 2018 5:26 am
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 2808

Re: Fellow non-529ers

My strategy has been using 529. :) 20+ years of tax free gains - I can't imagine anything else that would have been better for me.
Interesting thread - discussing alternates to the best college savings solution for someone that is maxing out other tax advantaged accounts.
by DaftInvestor
Tue May 15, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Improvement Incentive?
Replies: 12
Views: 1154

Re: Vanguard Customer Service Improvement Incentive?

I have accounts at Vanguard, Fidelity, and Schwab but have yet to use customer service at any of them so to me - this is a "who cares?". If their computers run okay and their accounting is correct I'm happy (true for all 3).

That said - their incentive is customer satisfaction.
by DaftInvestor
Tue May 15, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: College laptop for fall 2018 freshman
Replies: 75
Views: 3980

Re: College laptop for fall 2018 freshman

If you go Mac you will get half the performance for the same price or have to pay twice the price for same performance. Depending upon your student weight might be a major consideration as they trudge around campus. Trade off is larger screen or smaller/lighter - most students seem fine with the sma...
by DaftInvestor
Tue May 15, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Popular Mechanics magazine scam [subscription won't stop]
Replies: 31
Views: 5298

Re: Popular Mechanics magazine scam [subscription won't stop]

If you signed up for the magazine and think it probably had a autorenew statement (which most do these days) why not just call and cancel? And why do you think it a scam? It's common practice now. There was probably a "by submitting your check you are agreeing to have us automatically renew your sub...
by DaftInvestor
Tue May 15, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Another ESPP question
Replies: 5
Views: 518

Re: Another ESPP question

Though the plan is a bit restricted - not counting lower of two periods and block for 6 months after purchase, I still it is a good bet. I personally dont subscribe to the paranoia of holding a single stock particularly if is a large company with good history AND if its not a huge chunk of your por...
by DaftInvestor
Sun May 13, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 50
Views: 3576

Re: Is Whole Life Insurance Worth It?

Either your "good friend" is not such a good friend or he isn't so bright in that he has been brainwashed into thinking whole life a good deal. Unless your spouse is fully financially dependent upon you I would wait until you are expecting your first child and then shop term policies. Was it your fr...
by DaftInvestor
Sun May 13, 2018 6:23 am
Forum: Personal Consumer Issues
Topic: 4 cars for 3 drivers?
Replies: 15
Views: 1096

Re: 4 cars for 3 drivers?

We have 3 cars for 4 drivers so I don't see the need but I also work from home much of the time so not commuting every day. I would trade the Van for a minivan like someone else suggested. Seems like it would solve your issue with the van being too high but needing a vehicle you can all comfortably ...
by DaftInvestor
Sun May 13, 2018 6:17 am
Forum: Investing - Theory, News & General
Topic: Any issues with upgrading Vanguard taxable account to brokerage?
Replies: 19
Views: 1649

Re: Any issues with upgrading Vanguard taxable account to brokerage?

Another annoyance and unneeded expenses for us was getting notary signatures on new forms to link your bank accounts and Vanguard accounts if they don't have the same owners. In California, it costs $10 per signature per form! For example, if you want to link a joint checking account with an Indivi...
by DaftInvestor
Sat May 12, 2018 6:21 am
Forum: Investing - Theory, News & General
Topic: Anything wrong with too many lots?
Replies: 47
Views: 4630

Re: Anything wrong with too many lots?

Back to the original question now that we are clear on the fact that brokerages are required to track basis: OP: I don't worry about too many tax lots. It takes mere seconds when you sell to choose which lots you want to sell and when you file taxes with software info can be imported. Also - I like ...
by DaftInvestor
Fri May 11, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax form [Rejected as photocopy, signature must be in blue ink]
Replies: 41
Views: 3081

Re: IRS tax form [Rejected as photocopy, signature must be in blue ink]

An older accountant that is in the family said to me after I told them I had gone 100% paperless: Accountant: "I recommend to all my clients that they should not go paperless; if the IRS ever audits you they will want original copies of your brokerage and bank statements". Me: "How can the IRS tell...
by DaftInvestor
Fri May 11, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: Anyone buy carbon offsets when flying?
Replies: 111
Views: 4283

Re: Anyone buy carbon offsets when flying?

The car has to move not only me but also a ton or so of metal and plastic. Also, the car engine only operates when I'm using it, but I'm breathing all the time whether I'm walking or not. Burning extra calories also has an environmental impact. Human carbon dioxide emissions are part of a closed lo...
by DaftInvestor
Fri May 11, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax form [Rejected as photocopy, signature must be in blue ink]
Replies: 41
Views: 3081

Re: IRS tax form [Rejected as photocopy, signature must be in blue ink]

An older accountant that is in the family said to me after I told them I had gone 100% paperless: Accountant: "I recommend to all my clients that they should not go paperless; if the IRS ever audits you they will want original copies of your brokerage and bank statements". Me: "How can the IRS tell ...
by DaftInvestor
Fri May 11, 2018 2:37 pm
Forum: Personal Consumer Issues
Topic: Anyone buy carbon offsets when flying?
Replies: 111
Views: 4283

Re: Anyone buy carbon offsets when flying?

But when you burn more calories you must eat more food to compensate - I think this is the point. I work from home - in the dark - with an energy efficient monitor - so I have both the "walk to work" and "drive to work" folks beat. OK, but have you tried breathing extra slow as well? Yes - I do my ...
by DaftInvestor
Fri May 11, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: Anyone buy carbon offsets when flying?
Replies: 111
Views: 4283

Re: Anyone buy carbon offsets when flying?

For those of you saving the planet by walking to work, what makes you think that emits net less carbon than driving? There is no free energy and cars are remarkably efficient at burning fuel (humans, not so much). The car has to move not only me but also a ton or so of metal and plastic. Also, the ...
by DaftInvestor
Fri May 11, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Online/cloud backup or file storage?
Replies: 38
Views: 2162

Re: Online/cloud backup or file storage?

At the risk of going a bit off-topic - I'd be leery of using library computers for accessing banks/brokerages. Good question or concern (?) The post claim is that these Windows computers clear everything when you logoff and they are "restarted". I might be overly paranoid but my concern would be ho...
by DaftInvestor
Fri May 11, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: Online/cloud backup or file storage?
Replies: 38
Views: 2162

Re: Online/cloud backup or file storage?

At the risk of going a bit off-topic - I'd be leery of using library computers for accessing banks/brokerages.
by DaftInvestor
Fri May 11, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Home Fire/Burglar Safe
Replies: 21
Views: 1340

Re: Home Fire/Burglar Safe

Agreed. Just need something in the house for things we need short term. Just curious, aren't banks at the same risk of fires as my house? The Bank's Vault has a much higher fire rating than most safe's you can buy for your house. Many of the "fire resistant" safe's for your home won't actually prot...
by DaftInvestor
Fri May 11, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How to find reputable person for Will/Trust?
Replies: 41
Views: 3022

Re: How to find reputable person for Will/Trust?

For things like this, the best resource if finding friends and neighbors who are satisfied customers of a particular service, in this case lawyers who do wills and trusts. When we did ours, I asked a few trusted neighbors and they all recommended the same person so it was a no brainer at that point...
by DaftInvestor
Fri May 11, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Anyone buy carbon offsets when flying?
Replies: 111
Views: 4283

Re: Anyone buy carbon offsets when flying?

https://www.terrapass.com/projects/project-list https://nativeenergy.com/our-approach/carbon-offsets/ For the most part, it looks like real projects get built. And at the very least, carbon offsetting is not expensive. $170 offsets your carbon usage for the year. If someone is concerned then isn't ...
by DaftInvestor
Fri May 11, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Amazon package that can't be traced
Replies: 72
Views: 3797

Re: Amazon package that can't be traced

Here's another article - this women got more than just intimate clothing: https://www.bostonglobe.com/business/2018/02/19/these-surprise-packages-from-amazon-spark-something-more-than-frustration-fear/6X4X2rWJw3SawwCGe4n2rJ/story.html In response, the company released a statement, saying, in part: “...
by DaftInvestor
Fri May 11, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: LifeLock with Credit Freeze?
Replies: 2
Views: 271

Re: LifeLock with Credit Freeze?

From what I understand - no need to have LifeLock. The two primary things LifeLock provides: 1) Credit Monitoring - will tell you if someone USES your credit report to open credit. If your credit is frozen this is covered. Freezing your credit is better because it stops your report from being used. ...
by DaftInvestor
Fri May 11, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: Anyone buy carbon offsets when flying?
Replies: 111
Views: 4283

Re: Anyone buy carbon offsets when flying?

If you are concerned you shouldn't fly. Buying carbon credits aren't really going to undo the fact you are flying.
by DaftInvestor
Fri May 11, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to unfreeze my credit before applying for a new card?
Replies: 50
Views: 3112

Re: Do I need to unfreeze my credit before applying for a new card?

You have to unfreeze if applying for new credit, not if making a product change (i.e., swapping one type of card for another with the same company). Call the credit card company, and ask them with credit bureau they use. Usually they will stay on the line with you while you use your computer to unf...
by DaftInvestor
Fri May 11, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to unfreeze my credit before applying for a new card?
Replies: 50
Views: 3112

Re: Do I need to unfreeze my credit before applying for a new card?

Considering how he makes his money, I'd bet he gets kickbacks from credit monitoring services that he recommends. He's not going to see a benefit from recommending credit freezes, so he doesn't recommend them. ...And yet in the article he says he has frozen his credit reports! Haha! I clicked on th...
by DaftInvestor
Fri May 11, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Picking up New Subaru-Worth buying extended warranty?
Replies: 33
Views: 2029

Re: Picking up New Subaru-Worth buying extended warranty?

I like the new "everything is so computerized" FUD factor they use these days. Not worth it in my opinion. With the last Subaru I bought I was FLOORED by how much they wanted for an extended warranty. "Don't you want to protect your vehicle" the dealer asked when I said no - my response: "If the veh...
by DaftInvestor
Fri May 11, 2018 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to unfreeze my credit before applying for a new card?
Replies: 50
Views: 3112

Re: Do I need to unfreeze my credit before applying for a new card?

Personally I guess I should be happy there are still easier targets out there. My sentiments exactly. A certain level of risk management is warranted, but there are a lot of people that are tormented daily by fear about all the possible things that can go wrong in their life, and occasionally I ref...
by DaftInvestor
Thu May 10, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to unfreeze my credit before applying for a new card?
Replies: 50
Views: 3112

Re: Do I need to unfreeze my credit before applying for a new card?

I'm very careful with all my personal info as well; never give out SSN or answer Nigeria emails. However, Experian allowed all my information to be taken so I'm exposed. For millions of us the threat is now real regardless of how careful we are. That was the reason I added identity monitoring servi...
by DaftInvestor
Thu May 10, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to unfreeze my credit before applying for a new card?
Replies: 50
Views: 3112

Re: Do I need to unfreeze my credit before applying for a new card?

Then there's not using a variety of credit monitoring services, that include insurance, that are available for the specific purpose of identity theft prevention in lieu of freezing your credit (I use one, fwiw). Regarding this statement - who has services that provide identity theft prevention ? Ho...