Search found 130 matches

by ras4250
Sun Nov 10, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10465

Re: Seller's agent not letting us use a buyer's agent

I ended up paying my attorney less than 1% of the agreed price. Add in a licensed, bonded property inspector, who worked for me and not anybody else, and it was just about one percent total. PJW Wait you paid your attorney a % based on sale price? Why? Did he do anything agent related? I’ve never s...
by ras4250
Wed Oct 30, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10581

Re: Apple Pay. Does anyone use it?

That's essentially what the chip does too. So in that sense, the contactless payment methods are more useful as a security measure for "card not present" transactions. Unfortunately, there are a lot of drawbacks in that regard, because Apple Pay and the like do not do address validation or data nor...
by ras4250
Wed Oct 30, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10581

Re: Apple Pay. Does anyone use it?

Is Apple Pay your preferred method of payment? For me yes. Have the Apple Watch. But there are still enough places(looking at you Walmart) that don’t take it that I always have my wallet, with credit cards, with me anyway. So no big benefit yet. The biggest benefit is the security of your card deta...
by ras4250
Wed Oct 30, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10581

Re: Apple Pay. Does anyone use it?

@dollar_elbow, Count me as a newbie on the intricacies of using Apple Pay. What happens if I disable Touch ID or Face ID on the Apple iPhone? I am a bit privacy obsessed that I don’t want to unlock the iPhone with my finger print or face image /store them in the phone. I prefer and use either a pas...
by ras4250
Wed Oct 30, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10581

Re: Apple Pay. Does anyone use it?

I don’t see much reason to use Apple Pay now that my BoA credit card has RFID payment chip. It’s the same practical security level (cannot be skimmed) but faster since Apple Pay makes me do a pointless double-click and FaceID thing for security theater. As for the Apple physical credit card, the ca...
by ras4250
Tue Oct 29, 2019 11:04 pm
Forum: Personal Consumer Issues
Topic: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?
Replies: 52
Views: 4687

Re: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?

Use Freshley and they are pretty good. The serving size isn’t huge but probably what it should be to eat healthy (just wish it was bigger).
by ras4250
Tue Oct 29, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: AmEx rewards vs cash back cards, which is best
Replies: 9
Views: 423

Re: AmEx rewards vs cash back cards, which is best

With that level of spend I would definitely not do only cash back. I would split between Chase, Amex, and cash back. The Bank of America premium rewards card mentioned above for 2.625% cash back. The Chase Sapphire Reserve is 4.5% cash back on travel and dining spend if redeemed for travel. But depe...
by ras4250
Sun Oct 20, 2019 11:13 pm
Forum: Personal Investments
Topic: 33 (Him), 32 (Her), New Parents, Check-up
Replies: 11
Views: 1788

Re: 33 (Him), 32 (Her), New Parents, Check-up

Correct, the NY 529 deduction is limited to $10k.
by ras4250
Fri Oct 18, 2019 12:39 pm
Forum: Personal Consumer Issues
Topic: Hiring an Interior Decorator
Replies: 25
Views: 2230

Re: Hiring an Interior Decorator

If it was me, I would rather have the points and use my credit card. I also would know that she is not buying and billing me a "marked-up" price. If it is charged directly to your card, and she provides all receipts, you know there is no markup. I would add her as an additional card user with a lowe...
by ras4250
Fri Oct 11, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Seller misrepresented fulfillment of defect fixes - next steps? sue?
Replies: 55
Views: 5049

Re: Seller misrepresented fulfillment of defect fixes - next steps? sue?

I would not listen to anyone on here who says you do not have a claim. Especially if they are not a lawyer in your jurisdiction. Go ask a local lawyer. Nobody can give you the right answer without reviewing all the facts and evidence.
by ras4250
Wed Oct 09, 2019 6:15 pm
Forum: Personal Consumer Issues
Topic: iPhone question - purchase
Replies: 13
Views: 1498

Re: iPhone question - purchase

Apple will service it under warranty no matter where you buy it from. If you need to return it under the return policy for some reason will need to return to store you bought it from. Apple ships quick for free. Do you want to buy it outright or on payment plan? That could change your thinking as I ...
by ras4250
Thu Sep 26, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: Leaving NYC for retirement, Hudson Valley or PA. etc?
Replies: 21
Views: 2539

Re: Leaving NYC for retirement, Hudson Valley or PA. etc?

If he wants live music and arts look at New Paltz and Rhinebeck. They are a bit further north from NYC and past the commuter rail. But can still take Amtrak there to/from NYC. Beacon will be just as expensive as Brookyln these days. Cold Spring is expensive too.
by ras4250
Thu Sep 26, 2019 7:39 pm
Forum: Personal Consumer Issues
Topic: Leaving NYC for retirement, Hudson Valley or PA. etc?
Replies: 21
Views: 2539

Re: Leaving NYC for retirement, Hudson Valley or PA. etc?

Only 13 states do tax SS and NY is also not among them, nor NJ. Among other states in the immediate area, CT does. NYS also doesn't tax pensions other than SS paid by the federal govt, or paid by NYS, and some public authority pensions. Correct that New York does not tax social security, but it doe...
by ras4250
Wed Sep 18, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax avoidance and estate planning ‘for the rich’?
Replies: 61
Views: 6512

Re: Tax avoidance and estate planning ‘for the rich’?

FIREchief wrote:
Tue Sep 17, 2019 10:36 pm
Isn't this like telling somebody who asks you "what time is it?" how to go about building big ben? :P
No, because Big Ben is a bell :P
by ras4250
Mon Sep 16, 2019 2:53 pm
Forum: Personal Consumer Issues
Topic: New iPhone on sale for $599.99
Replies: 52
Views: 4122

Re: New iPhone on sale for $599.99

Yes, you pay a bit of a premium for Apple mobile devices (iPhones and iPads) but it is worth it for a lot of people. What premium? The main competitor to iPhone is the Samsung Galaxy. The iPhone 11 is $699 (64gb) or $749 (128gb) and the Galaxy S10e is $750 (128gb) or $850 (256gb). While the Google ...
by ras4250
Thu Sep 05, 2019 11:09 am
Forum: Personal Investments
Topic: Worthwhile to keep x0k dollars in BOA in order to be qualified for Preferred Rewards?
Replies: 2
Views: 311

Re: Worthwhile to keep x0k dollars in BOA in order to be qualified for Preferred Rewards?

Do you have an IRA or brokerage account you can move over to Merrill? Those balances count. That’s what I did. If you hit $100k you get the 75% bonus, unlimited atm withdrawals at any atm and unlimited free trades. I don’t trade but when I buy new etfs once a year in my ira it is nice to not pay a c...
by ras4250
Fri May 10, 2019 3:21 am
Forum: Personal Investments
Topic: Brokerages with no-transaction fees for Vanguard funds
Replies: 36
Views: 3079

Re: Brokerages with no-transaction fees for Vanguard funds

I hold VWINX and VWELX at Merrill. Transferred existing positions from Vanguard. If you set up an automatic investment to add to it, that is free. Dividend reinvestment is free too. The beauty of the automatic investment is you can change it, start it, or stop it any time. So unless you are buying a...
by ras4250
Mon May 06, 2019 10:07 pm
Forum: Personal Consumer Issues
Topic: Aulani Disney resort
Replies: 15
Views: 2257

Re: Aulani Disney resort

The pools and spas are getting work done August 19 to December 17, 2019. They are giving a $50 per room per night resort credit for stays during this time. More info here: https://www.disneyaulani.com/pool-refurbishment/
by ras4250
Mon May 06, 2019 10:04 pm
Forum: Personal Consumer Issues
Topic: Aulani Disney resort
Replies: 15
Views: 2257

Re: Aulani Disney resort

Have been there twice TarHeel, once with just my wife and once with my 3 year old. Wife cannot wait to go back. I would also describe it as awesome. Great for kids. The kids club is great, lazy river good, water play area great, and snorkel really cool. If kids are into disney, lots of opportunities...
by ras4250
Fri Mar 08, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: Sports team season tickets
Replies: 45
Views: 4686

Re: Sports team season tickets

I've had season tickets to both Knicks and Nets. It is not worth it. You get 41 games plus pre-season. The pre-season you will be lucky to sell at 40% of face value. It is a LOT of work to sell all the other games. Sure if you sell Golden State and Lakers, etc. you will make some money. But when Sun...
by ras4250
Sat Jan 05, 2019 11:47 am
Forum: Personal Investments
Topic: Need Help - Taxable account a mess!
Replies: 31
Views: 3757

Re: Need Help - Taxable account a mess!

I thought you said you were with Merrill Edge and she was with BlackRock?

Merrill does have commissions unless you are in their Rewards program then you can get free trades every month. They also offer two different managed options which have an AUM fee of (I think) in the range of 0.4% and 0.8%.
by ras4250
Thu Dec 27, 2018 3:10 pm
Forum: Personal Investments
Topic: Am I doing mortgage payoff math right?
Replies: 12
Views: 1048

Re: Am I doing mortgage payoff math right?

I have the $160k cash and could invest it in safe CD's earning 3%. But since this is an income producing property and not my primary residence, is it still correct to only compare the CD rate to the mortgage rate? In that case it is only 3% vs. 4.5%. The difference is that this is also an income pro...
by ras4250
Thu Dec 27, 2018 3:07 pm
Forum: Personal Investments
Topic: Am I doing mortgage payoff math right?
Replies: 12
Views: 1048

Re: Am I doing mortgage payoff math right?

Flyer24 wrote:
Thu Dec 27, 2018 2:54 pm
You are also assuming that you will always have a tenant.
Correct. Have a strong rental market and have not not had a tenant in over 20 years.
by ras4250
Thu Dec 27, 2018 3:06 pm
Forum: Personal Investments
Topic: Am I doing mortgage payoff math right?
Replies: 12
Views: 1048

Re: Am I doing mortgage payoff math right?

bradpevans wrote:
Thu Dec 27, 2018 2:50 pm
Well your “profit” may go up your 160000 is gone.
Not sure why you have that much in cash but the comparison (to me) is whatever you get on the cash VS the mortgage rate
My $160k is not gone, it is just changed from liquid cash to illiquid equity in the house.
by ras4250
Thu Dec 27, 2018 2:38 pm
Forum: Personal Investments
Topic: Am I doing mortgage payoff math right?
Replies: 12
Views: 1048

Am I doing mortgage payoff math right?

I have a rental property with a mortgage balance of $160,000 (property value ~ $375k). The current mortgage is an ARM with the rate at 4.5% (with 16 years left). For many years it has been 2.875% to 3.375%, but just last year jumped up to 4.5% - it resets annually. The current payment is $1,205 with...
by ras4250
Wed Dec 19, 2018 11:43 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

Why so concerned about an annuity and losing control over the funds, when all you need to earn is 3%/year to make this work? Currently CD rates make this a no brainer to build a CD ladder, do this the old fashioned way and retain control over your money. Split the money evenly in each of the CD's b...
by ras4250
Wed Dec 19, 2018 11:43 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

This is good advice. The only thing I would add is the CDs shouldn't all be 60k. The early years would need much more than 60k because they only have one or a few years to accumulate interest. The opposite holds true for the late years. Francis You are right because when we started running our anal...
by ras4250
Wed Dec 19, 2018 11:39 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

Sorry don't want to. I am being purposely vague and I understand why it doesn't make sense, but it does. I have a perfect solution for the situation, however I do not want to give out the details... :D Sorry, without much information how anyone can provide help. I respect that. I don't want to divu...
by ras4250
Tue Dec 11, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Ultimate Rewards Points Questions
Replies: 20
Views: 2731

Re: Chase Ultimate Rewards Points Questions

Yes it will be two separate accounts with separate rewards points. You can only transfer points into an airline/hotel account in your name. So you cannot, for example, transfer your chase points into your wife's Delta account. Chase does not allow you to transfer your chase points to another person ...
by ras4250
Tue Dec 11, 2018 4:39 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

I have no idea why someone would do this or what she is trying to do. But what I do know, NO annuities - never! Why no annuities never? This would be an instant annuity for a 10 year period term certain. It would pay out a 2.91% return guaranteed (unless major insurance co. goes under - unlikely). ...
by ras4250
Sat Dec 08, 2018 3:15 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

market timer wrote:
Sat Dec 08, 2018 5:13 am
Given that 5-year Treasuries yield 2.69%, I'm surprised the annuity only yields 2.91%. Would suggest shopping around for a better rate.
I got that from immediateannuities.com. Are there any other places I should look?
by ras4250
Sat Dec 08, 2018 3:12 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

thanks to all who commented. I certainly appreciate it.
by ras4250
Sat Dec 08, 2018 3:12 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

A big problem with the annuity is that it is not adjusted for inflation. The math gets funky but 3% inflation for ten years would be almost a 30% reduction the purchasing power by the tenth year. It could be that a ladder of TIPs that mature each year would be a better choice. For example she could...
by ras4250
Sat Dec 08, 2018 3:11 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

tennisplyr wrote:
Sat Dec 08, 2018 2:32 pm
Why not take SS at 62 and let the investments grow. At 70 you're getting paid with inflated dollars and have a looong time to breakeven.
thanks. I will take a look.
by ras4250
Sat Dec 08, 2018 3:11 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

Watty wrote:
Sat Dec 08, 2018 2:26 pm
One more thought, since there is a living husband that works her optimal strategy may be to start her Social Security before 70.

https://opensocialsecurity.com/
thanks I'll look closer at that.
by ras4250
Sat Dec 08, 2018 1:16 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

Sorry don't want to. I am being purposely vague and I understand why it doesn't make sense, but it does. Except it makes it virtually impossible to really help you with options So this is not the only retirement assets. There are another $2m+. This specific pot of $600k is meant to be used as incom...
by ras4250
Sat Dec 08, 2018 12:40 pm
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

Sorry don't want to. I am being purposely vague and I understand why it doesn't make sense, but it does.
by ras4250
Sat Dec 08, 2018 10:57 am
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

Re: options to cover next 10 years before SS

There are other sources of income. My dad works. They have retirement funds. Without going into too much detail, this amount is specifically saved from her job (where she also getting a salary of $70k) and next year the salary will stop but she will keep working the job and so the plan is to make th...
by ras4250
Sat Dec 08, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Rent v. buy in NYC
Replies: 34
Views: 3955

Re: Rent v. buy in NYC

I’d rather pay $7k in PITI (and maintenance) every month to own an asset in full in 30 years vs pay $5k in rent each month and never own anything. $7k * 12 = $94k to own 5k * 12 = 60k to rent. $7k would be $84k/year. $2k per month saved for 30 years at 6% interest would give you a $2 million asset ...
by ras4250
Sat Dec 08, 2018 12:57 am
Forum: Personal Investments
Topic: options to cover next 10 years before SS
Replies: 49
Views: 4234

options to cover next 10 years before SS

without going into too much detail, my mom (59) and turning 60 next year and she is getting a significant pay cut at her job. she has $600k saved up to use for replacement income for next 10 years until she hits 70 and will start claiming SS. She is hoping to take $70k/year. An annuity for $600k pre...
by ras4250
Sat Dec 08, 2018 12:44 am
Forum: Investing - Theory, News & General
Topic: We Are Teetering on the Edge of A DEATH CROSS
Replies: 50
Views: 9123

Re: We Are Teetering on the Edge of A DEATH CROSS

We need to always remember that you aren't trading against some inanimate object, you are trading against other human beings. And if the other human knows as much, or more, than you do about the company or the market then you are most likely on the losing end. Unfortunately you can never know how m...
by ras4250
Tue Dec 04, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 13
Views: 1578

Re: HSA question

Usually if you have the FSA you can’t contribute to the HSA.
by ras4250
Thu Nov 29, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Rent v. buy in NYC
Replies: 34
Views: 3955

Re: Rent v. buy in NYC

thanks all. very good thoughts to consider.
by ras4250
Tue Nov 27, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Rent v. buy in NYC
Replies: 34
Views: 3955

Re: Rent v. buy in NYC

thanks. Understand that there are lots of other factors which go into a rent v. buy decision. I was trying to focus on this one factor of "costs which are true costs that do not build any value for me." Which I would put rent and then maintenance/taxes and interest in that category. Another factor i...
by ras4250
Tue Nov 27, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 141
Views: 12248

Re: Quicken 2019 and forward

J G Bankerton wrote:
Tue Nov 27, 2018 1:56 pm
For me, Wells Fargo no, Chase no, Citi no; USAA yes, Vanguard yes, my credit union yes and Fidelity yes. I have to do a download from the banks site so why should I pay Quicken. I would never use Quicken for other than keeping balances.
Quicken works for me to auto download from Chase and Citi.
by ras4250
Tue Nov 27, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Rent v. buy in NYC
Replies: 34
Views: 3955

Rent v. buy in NYC

Married, 2 kids and renting in Manhattan. I hate the idea of "throwing away" money on rent. When analyzing it: can I treat rent the same as maintenance, taxes, and interest if I were to buy? For example, paying $5,400/month in rent. Looking at an apartment to buy with a monthly maintenance/taxes of ...
by ras4250
Tue Jun 19, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Will or Trust?
Replies: 53
Views: 5275

Re: Will or Trust?

just make sure you also understand the costs that go into maintaining a trust. You have to pay the trustee (if it is not the kids). Sometimes you have to pay a lawyer if issues arise. You have to pay an accountant to file the trust returns each year. These add up. A trustee will take a commission of...
by ras4250
Mon Jun 18, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 13603

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

I think the one obvious point, which Dave discusses but does not address, is that it is hard to pick which funds will win. He says: Over the last: 40 years, there were 84 large cap funds and 30 that outperformed the S&P500 (36%) 30 years, 179 funds, 51 outperformed S&P 500 (28%) 20 years, 446 funds,...
by ras4250
Fri Jun 15, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone familiar with Connecticut Gift and Estate Tax rules? my son) tax rules?
Replies: 13
Views: 1286

Re: Is anyone familiar with Connecticut Gift and Estate Tax rules? my son) tax rules?

Go see an attorney. For the few thousand (if that) that it will cost you, it will save you many $$$$.

I'm not a tax lawyer, but what about a move to a state with no estate tax? Is that feasible? New Hampshire or down south?