Search found 3113 matches

by MikeG62
Sat Oct 17, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4897
Views: 937070

Re: What's Your Credit Card Rewards Strategy?

Here's more - from first page summary. The final rule amends Regulation Z to remove the requirement that issuers consider the consumer’s independent ability to pay for applicants who are 21 or older, and permits issuers to consider income and assets to which such consumers have a reasonable expecta...
by MikeG62
Sat Oct 17, 2020 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Social security. Take it at 62 [Motley Fool article]
Replies: 222
Views: 19777

Re: Social security. Take it at 62 [Motley Fool article]

The three common but disparate goals I've seen with regard to when to start SS benefits are these: (1) take benefits as early as possible to 'get what you can while you still can', (2) take benefits as early as possible and invest them in hopes to achieve a better return than delaying, and (3) dela...
by MikeG62
Fri Oct 16, 2020 1:06 pm
Forum: Personal Investments
Topic: Too cash heavy, but do not know how to begin - please help :)
Replies: 35
Views: 4834

Re: Too cash heavy, but do not know how to begin - please help :)

Why recast? Lower interest rate? How much lower? Lower monthly payment? OP, how much is your emergency fund? Or is the 400k the emergency fund? 400 is currently all the cash available; emergency and all. :) Recast wont change the interest rate but it should lower the total amount of interest I pay ...
by MikeG62
Fri Oct 16, 2020 9:11 am
Forum: Investing - Theory, News & General
Topic: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement
Replies: 59
Views: 7530

Re: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement

...For being a board that seems to be mostly focused on investing for retirement, we don't seem to have many posters who are currently retired and living off investments. (Or maybe there's just not a lot that post about it)... FWIW, I early retired 5 years ago at 53. No pension and no plan to begin...
by MikeG62
Fri Oct 16, 2020 8:44 am
Forum: Personal Investments
Topic: Too cash heavy, but do not know how to begin - please help :)
Replies: 35
Views: 4834

Re: Too cash heavy, but do not know how to begin - please help :)

Others will prob. disagree , but if I were in your shoes I would keep $50K in cash for emergencies plus what you may need to pay your taxes and fund your retirement account, and put the rest towards your mortgage, with a plan to pay the house off completely within the next couple of years if not so...
by MikeG62
Fri Oct 16, 2020 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Gifting a new car to our daughter - gift tax?
Replies: 24
Views: 3396

Re: Gifting a new car to our daughter - gift tax?

Doctor Rhythm wrote: Tue Oct 13, 2020 10:42 pm ...I suppose you could also buy it for yourselves, go joy-riding, and then give it to her later as a slightly depreciated used car.
I was thinking the same thing:-)

The old rule of thumb is a car depreciates something like 10% the moment it is driven off the lot.
by MikeG62
Thu Oct 15, 2020 9:36 am
Forum: Personal Consumer Issues
Topic: 2021 Volvo XC60
Replies: 18
Views: 1237

Re: 2021 Volvo XC60

Fellow Volvo Drivers and Bogleheads, I am in the market for a new SUV and decided to go with the Volvo XC60. I got quoted 52500 out the door for a 2021 T5 Inscription AWD which is fully loaded except for the B&W sound system, if I go through Volvo finance. (Their rates are 4% since they are offerin...
by MikeG62
Thu Oct 15, 2020 8:23 am
Forum: Personal Consumer Issues
Topic: 2021 Volvo XC60
Replies: 18
Views: 1237

Re: 2021 Volvo XC60

Fellow Volvo Drivers and Bogleheads, I am in the market for a new SUV and decided to go with the Volvo XC60. I got quoted 52500 out the door for a 2021 T5 Inscription AWD which is fully loaded except for the B&W sound system, if I go through Volvo finance. (Their rates are 4% since they are offerin...
by MikeG62
Thu Oct 15, 2020 6:35 am
Forum: Investing - Theory, News & General
Topic: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement
Replies: 59
Views: 7530

Re: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement

Here’s my recent thread on Kitces & Bengen: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=326680 If you read it, you’ll see that Bengen panic-sold in 2008-9. He very well may be a (not so closet) market timer. His SWR work is the gold standard; his credibility as an investment advisor isn’t...
by MikeG62
Wed Oct 14, 2020 7:20 am
Forum: Investing - Theory, News & General
Topic: Ron Baron...How Does He Compare to Total Market?
Replies: 2
Views: 405

Re: Ron Baron...How Does He Compare to Total Market?

I generally don't get too tuned into the financial dribble on CNBC but I was somewhat captivated by Ron Baron on today's CNBC early morning segment. He made me wonder if, instead of doing it the Boglehead way, maybe his way, something like that of Warren Buffett, isn't the better way. In other word...
by MikeG62
Wed Oct 14, 2020 6:45 am
Forum: Personal Investments
Topic: figuring out monthly interest from tax exempt fund
Replies: 3
Views: 353

Re: figuring out monthly interest from tax exempt fund

In the past, I was always able to quickly figure out the approximate MONTHLY interest, assuming there was very very little change in interest rate. However, now my method doesn't always work even when interest rate has stayed the same over the course of the month . ANY suggestions? I multiply amoun...
by MikeG62
Wed Oct 14, 2020 6:26 am
Forum: Investing - Theory, News & General
Topic: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement
Replies: 59
Views: 7530

Re: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement

My guess to his low equity allocation is simply a factor of him having way more than "enough"... and having no need to take equity risk. True, but then he takes other risks with such a high allocation to near zero yielding fixed income. If he has way more than enough, then shouldn't he be managing ...
by MikeG62
Wed Oct 14, 2020 5:55 am
Forum: Investing - Theory, News & General
Topic: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement
Replies: 59
Views: 7530

Re: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement

A couple of quick observations: 1) I did not realize Bengen was such an active manager of his clients portfolios. Twice he entirely exited his clients from equities (once in or around 2000 and a second time in Sept of 2008). There was another earlier case of his making a big allocation change. He c...
by MikeG62
Tue Oct 13, 2020 7:37 pm
Forum: Investing - Theory, News & General
Topic: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement
Replies: 59
Views: 7530

How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement

Pretty interesting podcast with Kitces and Bengen. https://www.kitces.com/blog/bill-bengen-4-percent-rule-safe-withdrawal-rates-historical-returns-research-book/?utm_source=Nerd’s+Eye+View+%7C+Kitces.com&utm_campaign=c0d0aa68ec-NEV_MAILCHIMP_LIST&utm_medium=email&utm_term=0_4c81298299-c0d0aa68ec-570...
by MikeG62
Tue Oct 13, 2020 8:28 am
Forum: Investing - Theory, News & General
Topic: NFCU Certificate Rates Drop Again
Replies: 13
Views: 1499

Re: NFCU Certificate Rates Drop Again

When I visited an NFCU branch to deposit some checks, the customer service representative suggested that there will be good rates in the beginning of the year. Obviously, this is not certain, but I am saving my cash until January-February. Victoria That would be great if it happens. Thanks for post...
by MikeG62
Tue Oct 13, 2020 8:22 am
Forum: Personal Investments
Topic: Risk / pitfalls of CD at smaller banks
Replies: 9
Views: 1118

Re: Risk / pitfalls of CD at smaller banks

Hi all, I see that INSBANK has a 1% 12 months CD here: https://online.insbank.com/certificate-of-deposit/ That looks quite attractive given the current rates. I have never opened a CD at a small institution. INSBANK is a tiny online bank but is FDIC insured, at least according to their website. Are...
by MikeG62
Tue Oct 13, 2020 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Distributions from non-qualified deferred comp plan
Replies: 8
Views: 377

Re: Distributions from non-qualified deferred comp plan

1) When distributions occur, what taxes will be withheld? Obviously federal income taxes (no state for me). What about SSDI? Medicare? No SSDI or Medicare. Those were already withheld on the gross income from which contributions to the plan were made. 2) What is the expected federal withholding rat...
by MikeG62
Tue Oct 13, 2020 6:18 am
Forum: Personal Finance (Not Investing)
Topic: 401(k) Match Calculation
Replies: 9
Views: 665

Re: 401(k) Match Calculation

Very confusing. Here is the official language for the past: The company contribution is 20% of each eligible employee's own deferral, up to the first 5% of your compensation. That matches Alaric's post. First 5% of your $100k compensation is $5k contribution. Twenty % of $5k contribution is $1k emp...
by MikeG62
Tue Oct 13, 2020 6:10 am
Forum: Personal Finance (Not Investing)
Topic: PC breach and identity theft nightmare
Replies: 40
Views: 4802

Re: PC breach and identity theft nightmare

Local law enforcement, maybe not so much. The FBI could take an interest. I don't see how the attacker is going to be able to do more damage. If the OP is as pwned as it appears, every bit of useful data has already been exfiltrated. Unless its a trojan and the user continues to use their computer ...
by MikeG62
Mon Oct 12, 2020 9:23 am
Forum: Personal Investments
Topic: A question about a slightly different way of looking at retirement maybe
Replies: 35
Views: 3040

Re: A question about a slightly different way of looking at retirement maybe

Thank you for your response. I hear what you are saying but based on some of the responses above I would say not everyone would entirely agree. I think you are getting some negativity because you lack details. We don’t know your portfolio Amount, inflation rate, spending anount, returns for bonds a...
by MikeG62
Mon Oct 12, 2020 8:11 am
Forum: Personal Investments
Topic: Ally bank vs. Vanguard money market fund
Replies: 22
Views: 2827

Re: Ally bank vs. Vanguard money market fund

If it's an emergency fund, consider CD's (with fair EWP's). Yields aren't what they were, but you can do better than 0.60%.
by MikeG62
Mon Oct 12, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: PC breach and identity theft nightmare
Replies: 40
Views: 4802

Re: PC breach and identity theft nightmare

OP, unfortunately your friend has a big problem that is likely to be with him for quite a while. Although no first hand experience, from what I have read (online) it can take an incredible amount of time to deal with identity theft. Sounds like he has taken a lot of the right corrective steps. In ad...
by MikeG62
Mon Oct 12, 2020 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Refinance 15/20/30 year?
Replies: 19
Views: 1883

Re: Refinance 15/20/30 year?

Hello, With rates so low I'm wanting to refinance. Given my financial status would it make sense to refinance to a 30 year? My current mortgage payment including taxes/insurance is roughly 33% of my monthly income. I have been given these quotes and would like to move forward and lock with one of t...
by MikeG62
Sun Oct 11, 2020 5:10 pm
Forum: Personal Investments
Topic: A question about a slightly different way of looking at retirement maybe
Replies: 35
Views: 3040

Re: A question about a slightly different way of looking at retirement maybe

So you are saying you plugged in your numbers and firecalc says you have a 100% chance of success for 50 years with a minimum projected ending value of $2,000,000? This is an absolute yes; I am honestly a little baffled that you would even need to ask but perhaps I have misunderstood the question. ...
by MikeG62
Sun Oct 11, 2020 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning - transfer on death vs will
Replies: 36
Views: 2672

Re: Estate planning - transfer on death vs will

No transfer on death accounts for us. Everthing is joint spousal or goes into a trust (either for spouse or adult children) per the provisions of our wills. Same for us (with one recent exception where we needed to add a POD account at a CU to ensure we were staying within NCUA insurance coverage g...
by MikeG62
Sun Oct 11, 2020 10:22 am
Forum: Investing - Theory, News & General
Topic: NFCU Certificate Rates Drop Again
Replies: 13
Views: 1499

Re: NFCU Certificate Rates Drop Again

In my view Navy Federal CU has been a leader in CD rates. However they too are slowly reducing their certificate APY rates. I noticed today that they recently reduced their one-year APY from 0.90% to 0.80%. The other two financial institutions where I had one-year CDs were Live Oak Bank and Synchro...
by MikeG62
Sat Oct 10, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Reduction - What Happens if Layoff Occurs Afterwards?
Replies: 12
Views: 2212

Re: Pay Reduction - What Happens if Layoff Occurs Afterwards?

My guess (and it's only a guess) is the wording would indicate that a cut of 40% is temporary with an anticipated stated term (duration). And by being temporary it would seem unlikely that the company, if they decided to terminate you due to a reduction in force during the time you were on this tem...
by MikeG62
Sat Oct 10, 2020 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Pay Reduction - What Happens if Layoff Occurs Afterwards?
Replies: 12
Views: 2212

Re: Pay Reduction - What Happens if Layoff Occurs Afterwards?

I apologize for the lapse in responding, but I greatly appreciate everyone's input. It's exactly as I figured based on many of the responses, that there is no cut and dry answer and essentially at the mercy of the employer. Probably would be smarter to take a reduction, get serious about finding an...
by MikeG62
Fri Oct 09, 2020 8:59 am
Forum: Personal Investments
Topic: Question about FDIC insurance
Replies: 8
Views: 735

Re: Question about FDIC insurance

Thank everyone for replying to my question. I called FDIC and they also told me on the phone that I would be covered for 1 million, so looks like I'm good to go. Thanks again You are good to go - fully insured. If you have more to invest, you can open a POD account (assuming they allow POD accounts...
by MikeG62
Fri Oct 09, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: Comparing a Short-Term Bond Yield to a MMF APY?
Replies: 5
Views: 499

Re: Comparing a Short-Term Bond Yield to a MMF APY?

dang1 wrote: Thu Oct 08, 2020 9:31 pm Thanks very much for the reply!

Anyone can clarify how APY compares to Bond Yield? I would like to compare the MM yield to the ST Muni yield.

Thank you.
The 30-day SEC yield would be comparable to the CU APY.
by MikeG62
Fri Oct 09, 2020 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance
Replies: 4
Views: 423

Re: Travel Insurance

Anyone have some info on best rates and coverage for travel protection insurance? Will be renting a house in FL at Christmas for multiple families but our last advance payment is due mid October yet I have at least one family who may not make it due to work related scheduling issues that they will ...
by MikeG62
Thu Oct 08, 2020 8:57 am
Forum: Investing - Theory, News & General
Topic: U.S 10 year Treasury (Annual rate)
Replies: 6
Views: 448

Re: U.S 10 year Treasury (Annual rate)

Hard to imagine anyone seeing that as compelling. I guess it depends on your next best alternative. For large investors, there really aren't any . That's true (for those who are buying treasuries at amounts far in excess of FDIC/NCUA insurance limits). I'd still bet they hold their nose when buying...
by MikeG62
Thu Oct 08, 2020 8:44 am
Forum: Investing - Theory, News & General
Topic: U.S 10 year Treasury (Annual rate)
Replies: 6
Views: 448

Re: U.S 10 year Treasury (Annual rate)

S_Track wrote: Thu Oct 08, 2020 7:53 am When I look this morning I see the U.S 10 year ~.75%. How should I interpret that, is that the current annual yield that a 10 year note is expected to pay? Thanks
Yes.

Hard to imagine anyone seeing that as compelling.
by MikeG62
Thu Oct 08, 2020 8:38 am
Forum: Personal Investments
Topic: Moving from cash to Long term or Intermediate term bonds
Replies: 11
Views: 1418

Re: Moving from cash to Long term or Intermediate term bonds

I just took a quick look at the 30 day SEC yield of several bond funds. The yield does not seem worth the term/duration risk to own an intermediate fund vs a short term fund. I would not buy a long term fund based upon a 5-10 year horizon. Interests rates could go down further so the NAV of interme...
by MikeG62
Thu Oct 08, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Budget Comparisons
Replies: 68
Views: 4882

Re: Monthly Budget Comparisons

...Monthly Spending looks to be about $9,100 (of which $3,333 is charitable giving FYI). Re: income, expenses are totaling about 30% of income so able to save close to 70% of expenses towards IRA and Taxable Account. Spending Transportation Auto Loan/Lease 589.00 Car Insurance 135.00 Petrol,Gas,Oil...
by MikeG62
Thu Oct 08, 2020 8:07 am
Forum: Personal Investments
Topic: Are bonds worth investing in with fed rate of 0.25%?
Replies: 61
Views: 4786

Re: Are bonds worth investing in with fed rate of 0.25%?

I'm young and have a relatively low bond allotment, but with the current rates of interest I wonder if it's even worthwhile owning bonds for the near future. I know you can't time markets, but you can't get lower fed rate than 0-0.25% can you? As a young person this should not be a big issue - main...
by MikeG62
Thu Oct 08, 2020 7:15 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2489
Views: 408822

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Having the link from Merrill Edge (ME) supplied here for the 1000 bonus, I contacted ME yesterday. I got chided for using a link that was not sent to me. The salesman offered me $600 bonus, which I declined. I told him I received a mail ad from Bank of America offering me $750 to transfer 200k, and...
by MikeG62
Thu Oct 08, 2020 7:04 am
Forum: Personal Investments
Topic: CD Maturing- what are my options?
Replies: 23
Views: 2736

Re: CD Maturing- what are my options?

CD pickings are pretty slim these days. To get the best rate, you probably will have to join a credit union. A good source for the best CD rates is DepositAccounts . I see top rates for 1-year CD in the 1% ballpark. Kevin ^This. OP, be patient and keep checking. You might find something unique (pos...
by MikeG62
Wed Oct 07, 2020 9:07 am
Forum: Personal Investments
Topic: Muni Bonds/Funds
Replies: 11
Views: 1894

Re: Muni Bonds/Funds

I am thinking of muni bonds or muni fund(s) to add to our portfolio. We are high income tax and high state tax (NJ) retired folks. If so, would out of state be included? If individual I would be ok with 3 years out. Any muni fund recommendations would be considered also. The reason I ask is we have...
by MikeG62
Wed Oct 07, 2020 8:42 am
Forum: Personal Investments
Topic: CD Maturing- what are my options?
Replies: 23
Views: 2736

Re: CD Maturing- what are my options?

CD pickings are pretty slim these days. To get the best rate, you probably will have to join a credit union. A good source for the best CD rates is DepositAccounts . I see top rates for 1-year CD in the 1% ballpark. Kevin ^This. OP, be patient and keep checking. You might find something unique (pos...
by MikeG62
Wed Oct 07, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Budget Comparisons
Replies: 68
Views: 4882

Re: Monthly Budget Comparisons

Hi all, I'm looking at our family's current spending and feeling like we should be spending significantly less each month. My wife and I aren't the type that go out and buy a bunch of expensive clothes or items for us; however, we do spend above average on food. We have a 5 and 3 year old girls, an...
by MikeG62
Wed Oct 07, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: negotiate health care after retirement?
Replies: 5
Views: 434

Re: negotiate health care after retirement?

Might depend on how their plan document is written (who is eligible to participate). I doubt non-employees will be permitted, but I could be wrong.

COBRA would certainly be an option for 18 months (I believe that is the time period for COBRA).

Report back if you find otherwise.
by MikeG62
Tue Oct 06, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2489
Views: 408822

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

My Chase PC $2,000 bonus posted today. Account was funded on July 1, 2020. Offer terms required assets to be at JPM/Chase for 90 days and bonus to pay within 30 business days after meeting that requirement. In my case it was just a few business days after meeting the 90-day requirement. AFAIK, there...
by MikeG62
Tue Oct 06, 2020 8:58 am
Forum: Investing - Theory, News & General
Topic: another question of short term bonds: VSCSX
Replies: 10
Views: 880

Re: another question of short term bonds: VSCSX

...Looking at VSCSX under current conditions, and noting that banks are among the top holdings of both it and VFSTX VSCSX is reported as: SEC yield of 0.86 w/ er of .07 and a 2.79 yr duration with: AAA 0.5% AA 8.9% A 44.9% BBB 45.7% 46% of the fund in BBB paper and SEC yield of 0.86% - no thanks. W...
by MikeG62
Tue Oct 06, 2020 8:49 am
Forum: Personal Investments
Topic: Any other places to park cash?
Replies: 8
Views: 1311

Re: Any other places to park cash?

I have a capital one 360 and a Marcus by Goldman online savings account that I keep cash in, however with the very low interest rates now, are there any better places to park my cash? This is money I will be using within three years so do not want to invest in the market. Bonds? CD Ladder? Money Ma...
by MikeG62
Tue Oct 06, 2020 7:03 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2489
Views: 408822

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

...Any solutions or input on how you kept your records/lots straight when transferring assets? I took screenshots of the tax lots before initiating the transfer. I spoke with rep's at the destination broker and emphasized the importance of maintaining the tax lots. Was assured in every case that it...
by MikeG62
Mon Oct 05, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Pay Yourself Back
Replies: 46
Views: 6496

Re: Chase Sapphire Pay Yourself Back

DW just applied and was approved for Chase Sapphire Preferred card. 80,000 UR points after spending $4,000 in the first 90-days. Once earned, these UR points will be transferred to (pooled with) my account where I can use them to harvest $1,200 in Pay Yourself cash back (actually $1,260 assuming th...
by MikeG62
Mon Oct 05, 2020 8:52 am
Forum: Investing - Theory, News & General
Topic: Rethinking bonds
Replies: 78
Views: 8094

Re: Rethinking bonds

...I'm not saying I have any good alternatives but I agree with Malkiel that Bonds are not a great choice at this time, but I don't necessarily agree with his alternative of using blue chip equities. Agree on both points. I am using traditional CD's as an alternative to bonds in this environment. N...
by MikeG62
Mon Oct 05, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Pay Yourself Back
Replies: 46
Views: 6496

Re: Chase Sapphire Pay Yourself Back

DW just applied and was approved for Chase Sapphire Preferred card. 80,000 UR points after spending $4,000 in the first 90-days. Once earned, these UR points will be transferred to (pooled with) my account where I can use them to harvest $1,200 in Pay Yourself cash back (actually $1,260 assuming the...
by MikeG62
Sun Oct 04, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy exclusion
Replies: 10
Views: 1322

Re: Umbrella policy exclusion

I think this just means that the umbrella is purely excess, above the underlying auto policy. That is typical for umbrella insurance. I don't read it as requiring that your auto insurance be with the same company . In theory, having both policies with the same company might avoid finger pointing as...