Search found 769 matches

by sco
Wed Oct 25, 2017 10:45 pm
Forum: Personal Consumer Issues
Topic: Hyatt Legal first hand experiences ? (new Employer benefit)
Replies: 14
Views: 2625

Re: Hyatt Legal first hand experiences ? (new Employer benefit)

Used for Trusts, Wills, POA's, traffic tickets, basic questions, and contract review. I now keep it each year, even if I don't know what I will use it for. It is cheaper here to have it for a year than to get a traffic ticket fixed, which is a pretty remedial task. Look up your local lawyers if you ...
by sco
Wed Oct 25, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to save inheritance from grandfather for 18 & 20 year old sons
Replies: 28
Views: 3448

Re: How to save inheritance from grandfather for 18 & 20 year old sons

I agree. Now that this has become untangled and as long as the BILs are willing, gifting the boys the money is probably the easiest way. That would keep it very simple. If the BILs are married, can't they gift up to $28k a year as a couple? Pretty much. Technically the spouse gifts 14k and the brot...
by sco
Wed Oct 25, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: How to save inheritance from grandfather for 18 & 20 year old sons
Replies: 28
Views: 3448

Re: How to save inheritance from grandfather for 18 & 20 year old sons

If the total amount is really 50k ish, It seems the simpliest way is to have the Brothers gift it to you (on your childs behalf), or just directly to the children. Each brother can gift 14k a year with no paperwork, if I recall. Between 2017 and 2018 this should be plenty of room to move the money. ...
by sco
Mon Oct 23, 2017 11:56 pm
Forum: Investing - Theory, News & General
Topic: Has the general public ever been correct about market crashes?
Replies: 47
Views: 4698

Re: Has the general public ever been correct about market crashes?

JustinR wrote:
Fri Oct 20, 2017 4:47 pm
Has the public ever been right about anything market timing related?
The public is always right on market timing.

It is just a matter of the timeframe.

it will always go down some, and up some..
by sco
Wed Oct 11, 2017 12:00 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 32692

Re: Iphone X is $1000

What is truly amazing, and has been for some time. Is how much Apple can charge for internal storage. What value do they add there, besides the fact that you can't upgrade it yourself?
by sco
Tue Oct 10, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: How to move a portfolio out of a traditional advisor service?
Replies: 18
Views: 1443

Re: How to move a portfolio out of a traditional advisor service?

Are there advisors or services that help with taking an existing portfolio and transitioning it to a “Bogleheads style” portfolio which over time I can manage myself? Yes, vanguard but there are others. Some may still push the higher fee stuff. vanguard, Fidelity and Schwab come to mind. Are flat fe...
by sco
Fri Sep 29, 2017 12:23 am
Forum: Investing - Theory, News & General
Topic: Pension shortfalls and changes in Muni bond allocation?
Replies: 14
Views: 2039

Re: Pension shortfalls and changes in Muni bond allocation?

Is there one over-arching error all these pension funds made that got us here today? How come the pension funds aren't fat and happy like so many of the BH here in lieu of the last ten years? I understand that a pension fund and an individual are massively different but could you *explain like I'm ...
by sco
Fri Sep 29, 2017 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Paid off Debt...credit score dropping and future mortgage
Replies: 34
Views: 3296

Re: Paid off Debt...credit score dropping and future mortgage

Really though, at the point where your credit score drops because you have no credit (again) who cares?
by sco
Fri Sep 29, 2017 12:05 am
Forum: Personal Finance (Not Investing)
Topic: determining the cost of choosing where to live
Replies: 10
Views: 1202

Re: determining the cost of choosing where to live

It's not really a question. I am just trying to write this down and in doing so clarify my thinking. Suppose I want to maximize savings (e.g. the difference between salary and expenses), am I thinking about this the right way? All other things are equal (ie lifestyle etc) the expenses outside of ho...
by sco
Thu Sep 28, 2017 11:34 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 12363

Re: No More Saving???

The giving doesn't have to be to just charities, there may be others deserving of something under the reporting thresholds...
by sco
Thu Sep 28, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: I'm shocked! [Mother 100% in bonds and annuities]
Replies: 67
Views: 7984

Re: I'm shocked! [Mother 100% in bonds and annuities]

Simplifying is good. Just so she is comfortable with what she has and where it is. At her age, she has no need to take risk and is pretty well set. There is no reason to talk her into anything... Once she eventually passes, you can do what you will with the inheritance (assuming it doesn't go to cha...
by sco
Thu Sep 28, 2017 11:24 pm
Forum: Personal Consumer Issues
Topic: Home security advice
Replies: 15
Views: 2013

Re: Home security advice

Buy an Cop car, park it outside, along with one of those flags with the blue line on them....

Works best if your neighbors do the same ;)
by sco
Thu Sep 28, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Rollover - Asset Allocation Help
Replies: 7
Views: 784

Re: 401K Rollover - Asset Allocation Help

Thanks for the input Sco! I wanted to have some money in cash temporary so when the market drops (I know I shouldn't be market timing, but gives me some excitement cuz i love a good bargain :)) I would use the cash to buy more shares so eventually the cash would all move to the funds. Also are you ...
by sco
Thu Sep 28, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: 401K Rollover - Asset Allocation Help
Replies: 7
Views: 784

Re: 401K Rollover - Asset Allocation Help

If you are going to keep cash (not sure why)? Then put it and the Bonds in the traditional IRA. Roth IRA should have the Stocks. Obviously your AA may require some stocks in the Traditional as well, and that is fine. The idea is to have the highest growth in the account that will never be taxed, and...
by sco
Tue Sep 26, 2017 11:27 pm
Forum: Personal Consumer Issues
Topic: Comfort level re: tracking at physical shopping centers
Replies: 51
Views: 5966

Re: Comfort level re: tracking at physical shopping centers

Don't install the stores app, and either don't take your phone into the store or shut it down. (Offline, not always Airplane mode "Thanks Apple")

Also, don't sign up for the loyalty programs..

That will get rid of 95% of it.
by sco
Tue Sep 26, 2017 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley and Wellington instead of VTINX?
Replies: 26
Views: 6305

Re: Wellesley and Wellington instead of VTINX?

Let me explain why I am even considering making a slight move into more actively managed funds vs indexed funds. (I would never agree to hiring a FA unless it's a fallback position for my wife once I am drooling and wetting my pants and can no longer make rational financial decisions.) A group of f...
by sco
Tue Sep 26, 2017 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Bonus and tax question
Replies: 14
Views: 1724

Re: Bonus and tax question

I would take it in Jan '18 because: You've had a high income year in '17. You could lose your job, have a stroke, or any number of income reducing calamities for '18. The 2018 tax rates are unknown, and I like to gamble. +1 Or Ditto, whichever you prefer. You don't expect your bonus to be as high n...
by sco
Tue Sep 26, 2017 10:54 pm
Forum: Personal Consumer Issues
Topic: Buying 14 Plane Tickets - Sac to Cabo San Lucas
Replies: 14
Views: 2255

Re: Buying 14 Plane Tickets - Sac to Cabo San Lucas

For that many people you might consider chartering a plane. Considerably more comfortable and you can skip the TSA security stuff. While there are valid reasons to charter a plane, cost is not one of them. There is no way 14 people/tickets is going to be cheaper on a charter operation than on the a...
by sco
Sat Sep 23, 2017 12:02 am
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 47
Views: 4727

Re: Luxury Car Purchase

Does the financial adviser make more money if you don't spend the money?
by sco
Fri Sep 22, 2017 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 3586

Re: Warren Buffett and Bond Funds

... how have the dividends been? About dividends of IBM - here is what someone wrote on another forum. I wish it was me writing this. "Although I sold all my shares of a larger position in IBM early this year, I have started to cautiously and slowly buy back shares- at a lower share price than my s...
by sco
Fri Sep 22, 2017 11:11 pm
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 4480

Re: AA if you were just starting out again

at 20 100 Equities and 0 Bonds. At 40 I am 80/20 ish.. Depends what you call a bond (could be less)

I could see it going to 60/40 or extreme 40/60 in retirement.
by sco
Tue Sep 19, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2818
Views: 561592

Re: What's Your Credit Card Rewards Strategy?

SO was just approved for Southwest Plus and Premier today. With the bonus at 60,000 on each card, that is an easy Companion Pass for all of 2018 and 2019 :D We sent Chase a message, and confirmed that we have until 1/11/18 to meet the minimum spend. We plan to spend ~$1500 on each card between now ...
by sco
Mon Sep 18, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2818
Views: 561592

Re: What's Your Credit Card Rewards Strategy?

SO was just approved for Southwest Plus and Premier today. With the bonus at 60,000 on each card, that is an easy Companion Pass for all of 2018 and 2019 :D We sent Chase a message, and confirmed that we have until 1/11/18 to meet the minimum spend. We plan to spend ~$1500 on each card between now ...
by sco
Thu Sep 07, 2017 6:45 pm
Forum: Investing - Theory, News & General
Topic: Ally savings rate raised to 1.20%
Replies: 51
Views: 9355

Re: Ally savings rate raised to 1.20%

Ally has 1 day ACH, instant transfers to their checking and ATM reimbursement on thier debit card. It is fast access to cash, without waiting for settlements, etc.
by sco
Thu Aug 31, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Coyote Defense
Replies: 69
Views: 7233

Re: Coyote Defense

Here they are considered a predator and can be shot pretty much anytime you would like. Of course, city ordinances don't allow this unless you or yours are being attacked. But out the county there is no issue at all.
by sco
Tue Aug 29, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4852

Re: Transitioning management of investments as cognitive ability declines

If you hang around a public school/college, etc these guys come out of the woodwork. Up until 15 or 20 years ago, they were openly pushing credit cards on college campuses and too many kids were opening accounts they couldn't pay off. The law was changed to stop that practice. I suspect the other s...
by sco
Tue Aug 29, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4852

Re: Transitioning management of investments as cognitive ability declines

When was the last time a person showed up at work or your house to sell you a SPIA? Never. +1 But I've never had anyone try to sell me whole life annuities either. :beer I have, one was successful. (cancelled shortly after and learnt my lesson)... If you hang around a public school/college, etc the...
by sco
Tue Aug 29, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: Credit card bonus award rules
Replies: 12
Views: 1994

Re: Credit card bonus award rules

Just apply for them all on the same day, why spread it over several days/weeks/months? I did that once. I applied for four cards in one day. Card one: approved, $15k limit, 13% apr. Card two: approved, $10k limit, 18% apr. Card three: approved, $5k limit, 24% APR. Card four: Denied. It seems whethe...
by sco
Tue Aug 29, 2017 1:10 am
Forum: Personal Consumer Issues
Topic: Credit card bonus award rules
Replies: 12
Views: 1994

Re: Credit card bonus award rules

Thanks for the info. In my case I'll only open one or two cards for rewards in a year. I looked at the link. Wouldn't the amount churning they are talking about really ding your credit? You would think so, but it actually doesn't. I have 13 cards, almost all of which were opened in the last two yea...
by sco
Tue Aug 29, 2017 1:08 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4852

Re: Transitioning management of investments as cognitive ability declines

Munir wrote:
Tue Aug 29, 2017 12:22 am
[b wrote:I've been around and read up enough to know that most annuities primarily benefit the person that sells them.
[/b]
The quote above does not really apply to SPIAs but maybe to other forms of annuities.
When was the last time a person showed up at work or your house to sell you a SPIA?
by sco
Tue Aug 29, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Check serial number caused an issue
Replies: 26
Views: 2744

Re: Check serial number caused an issue

Years ago (Jurassic Period), when I worked at a bank, one of the things to safeguard a check was to have only your first and middle initials and whole last name printed on checks. So that when you actually signed them, you used your full name as on the signature card. Thinking was, a "bad guy" woul...
by sco
Sun Aug 27, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: Crashplan for Home ending service late 2018
Replies: 117
Views: 13072

Re: Crashplan for Home ending service late 2018

Whatever backup method you choose, please schedule a restore at least every six months, of at least some of your data. Why? Because most people (including governments and large companies), don't find out that their backups aren't doing what they believe until they try to restore... Guess when they ...
by sco
Tue Aug 22, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to 403(b) or taxable account?
Replies: 7
Views: 1147

Re: Contribute to 403(b) or taxable account?

Personally, I'd just put it in Taxable.

You could also approach the school about adding another option. Like Fidelity. But that may just be a waste of time.
by sco
Tue Aug 22, 2017 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Teacher 403(b) signup - any tips?
Replies: 18
Views: 2368

Re: Teacher 403(b) signup - any tips?

That isn't odd at all actually, for a 403b. You may find that she does the contribution changes via a paper form with her employer, or via a 3rd party website. Either way changes take time as their are several people involved. I use a pretty Fixed (for lack of a better term) 403b contribution, and i...
by sco
Sat Aug 19, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: Frozen steaks ordered through the mail
Replies: 29
Views: 3865

Re: Frozen steaks ordered through the mail

I buy locally, cheap and delicious. I buy 1 side, (1/2 cow) although I've heard of people buying a whole or a 1/4
by sco
Sat Aug 19, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Teacher 403(b) signup - any tips?
Replies: 18
Views: 2368

Re: Teacher 403(b) signup - any tips?

Call fidelity first, they may require you to sign up (not contribute ) to see the options. That's what they needed us to do, and they had very competitive options. I'd also check tiaa and not bother with the rest. Yes, it is all up to you to figure out which one to use, which is why teachers normall...
by sco
Thu Aug 17, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 41
Views: 5594

Re: 27y/o w/ 150k debt buying 685k house

DomDangelina wrote:
Thu Aug 17, 2017 9:14 am

Folly and stupidity aren't synonymous. Fools lack wisdom, not necessarily intellect. There walk among us legions of brilliant fools.
I use the term loosely. Like when you look back 20 years and think to yourself "What was I thinking?"
by sco
Thu Aug 17, 2017 12:27 am
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 41
Views: 5594

Re: 27y/o w/ 150k debt buying 685k house

Help. Friend in biglaw (200k salary) told me today he is closing on $685k house in two weeks. Friend currently rents very nice 2br apartment for less than $2k. Friend has at least $150k in student loan debt. Would be shocked if friend is putting more than 10% down (if that). Friend's job is incredi...
by sco
Tue Aug 15, 2017 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Have (3) 401ks - Where/if to consolidate?
Replies: 6
Views: 943

Re: Have (3) 401ks - Where/if to consolidate?

If you were to post the investment options for each fund, complete name (ticker symbol if it has one) and expense ratio... This would help people guide you as to your best options. Also, any other monthly/yearly costs. It could be that your current employer has a very good plan, or a poor one. No on...
by sco
Tue Aug 15, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much coverage should I buy in an umbrella liability policy
Replies: 15
Views: 2300

Re: How much coverage should I buy in an umbrella liability policy

A general rule of thumb is that you should have enough coverage to cover your unprotected assets. So the first question you need answered is whether your state fully protects your IRA assets . If the answer is yes you should have sufficient coverage to protect the equity in the house and the other ...
by sco
Mon Aug 14, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496861

Re: U.S. stocks in freefall

This FreeFalling makes me happy :) It doesn't make me happy. Do you get happy when the price of gasoline goes up too? :confused Those don't compare. Gas is a consumable, so I'm not buying it as an investment. I want it to go down and never go back up. VTI returns might be impacted by extended, obsc...
by sco
Mon Aug 14, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496861

Re: U.S. stocks in freefall

This FreeFalling makes me happy :) It doesn't make me happy. Do you get happy when the price of gasoline goes up too? :confused Gas doesn't bother me in the least.. But I'm also not sitting around with a pile of cash waiting to buy all my gas at once.. The chances of me buying for 30 years low and ...
by sco
Mon Aug 14, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496861

Re: U.S. stocks in freefall

This FreeFalling makes me happy :)
by sco
Sat Aug 12, 2017 12:22 am
Forum: Personal Consumer Issues
Topic: Buying a Vehicle the Old Fashioned Way
Replies: 57
Views: 6757

Re: Buying a Vehicle the Old Fashioned Way

Maybe it's just me, but I could never understand the heated(yes, I've seen people spontaneously combust over this topic) desire to pump one's own...gas. Personally, I consider it one of life's small luxuries to have someone do it for me. Saves me having to get out of my car in inclement weather, in...
by sco
Sat Aug 12, 2017 12:21 am
Forum: Personal Consumer Issues
Topic: Buying a Vehicle the Old Fashioned Way
Replies: 57
Views: 6757

Re: Buying a Vehicle the Old Fashioned Way

Maybe it's just me, but I could never understand the heated(yes, I've seen people spontaneously combust over this topic) desire to pump one's own...gas. Personally, I consider it one of life's small luxuries to have someone do it for me. Saves me having to get out of my car in inclement weather, in...
by sco
Fri Aug 11, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: Buying a Vehicle the Old Fashioned Way
Replies: 57
Views: 6757

Re: Buying a Vehicle the Old Fashioned Way

... Reminds me of when I drove to Oregon. I stopped at a gas station, hopped out to fill up my tank, and this guys runs over: "Sir please get back in your car, I'll pump it for you." I thought it was a scam. "No thanks buddy." "But sir, it's the law, I have to pump your gas for you." I asked him wh...
by sco
Fri Aug 11, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: Buying a Vehicle the Old Fashioned Way
Replies: 57
Views: 6757

Re: Buying a Vehicle the Old Fashioned Way

... Reminds me of when I drove to Oregon. I stopped at a gas station, hopped out to fill up my tank, and this guys runs over: "Sir please get back in your car, I'll pump it for you." I thought it was a scam. "No thanks buddy." "But sir, it's the law, I have to pump your gas for you." I asked him wh...
by sco
Wed Aug 09, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: CC strategy for Europe flight next summer
Replies: 19
Views: 1849

Re: CC strategy for Europe flight next summer

You kind of are at a late start. Airlines start booking tickets 330 days out, and you want 4 people to Europe during prime time. Oh, and you still have to get them miles. That doesn't mean that they release all the award seats for a given flight 330 days out. It very much depends on the airline and...
by sco
Tue Aug 08, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Selling company stock (90% of portfolio)
Replies: 31
Views: 3407

Re: Selling company stock (90% of portfolio)

Liquidity comes every 6-12 months historically but no promises. The amount that would keep me under my limit would leave me with an uncomfortable risk posture still. A backdoor Roth should have the same end result, yes? I'm also planning to excercise shares in my current company later this year, wh...
by sco
Tue Aug 08, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Selling company stock (90% of portfolio)
Replies: 31
Views: 3407

Re: Selling company stock (90% of portfolio)

Most would recommend keeping a low % in a "fun money" stock, you have a very high percentage. Ultimately it is up to you, but you have the opportunity to setup yourself with a paid off car, EF and get those retirement accounts really started. When I said IRA/ I assumed it would be a Roth do to inco...