Search found 1016 matches

by talzara
Mon Jun 15, 2020 1:34 pm
Forum: Investing - Theory, News & General
Topic: Hertz (bankrupt) may issue new stock
Replies: 74
Views: 6504

Re: Hertz (bankrupt) may issue new stock

Something plunged it into debt, and that something might have been purchasing Dollar and Thrifty, but that was 8 years ago. I found an old article that said accounting errors caused Hertz to restate earnings for several years about 5-ish years ago. I'm curious about it all. Rental car companies alw...
by talzara
Mon Jun 15, 2020 1:31 pm
Forum: Investing - Theory, News & General
Topic: Hertz (bankrupt) may issue new stock
Replies: 74
Views: 6504

Re: Hertz (bankrupt) may issue new stock

Looking at the chart, the stock started going into the toilet in 2014. Is Hertz just a poorly run company? Hertz is a poorly-run company. In 2015-2019, Hertz made a $1.2 billion loss on revenues of $45.9 billion. In the same period, Avis made a $1.3 billion profit on revenues of $44.3 billion. Hert...
by talzara
Wed Jun 10, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance
Replies: 47
Views: 2398

Re: Owners Title Insurance

This is similar to fire insurance. Are you going to decline that too? Very few people ever collect on that either, so why have it? The whole point of insurance is that, let's assume, only 1 out of 1,000 people will need to collect if the unlikely event happens. But if the 1,000 people each pay $500...
by talzara
Wed Jun 10, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance
Replies: 47
Views: 2398

Re: Owners Title Insurance

The closing attorney is pushing hard for me to buy owners title insurance at a cost of about $3,000, which is fixed by the state (wonder how many state legislators own title companies/agencies). I’ve researched and these policies pay out about 3 cents for every dollar of premium. I think it is a sc...
by talzara
Wed Jun 10, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Lemonade Insurance & IPO
Replies: 30
Views: 1876

Re: Lemonade Insurance & IPO

First they'd have to actually have a profit in order to 'give it away', but maybe there are well-intentioned people who would capitalize them for purposes other than profit, not for "investment". Or maybe the current model was simply to bootstrap the companies customer base, with the intent to move...
by talzara
Wed Jun 10, 2020 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Lemonade Insurance & IPO
Replies: 30
Views: 1876

Re: Lemonade Insurance & IPO

It uses the insurance fund to pay claims, while anything left over is paid to charity at the end of the year. If it gives away all its earnings, why would one invest in it? Lemonade only gives away the underwriting profits on the risk pool. It keeps all the profits on its 25% ceding commission. Lem...
by talzara
Wed Jun 10, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Lemonade Insurance & IPO
Replies: 30
Views: 1876

Re: Lemonade Insurance & IPO

What is the credit rating of the reinsurers they use? They are all A rated or better. The Proportional Reinsurance Contracts will be issued by a consortium of seven reinsurers, each holding an 'A' or better rating from A.M. Best, and each holding a share of the agreement's commitments. https://www....
by talzara
Wed Jun 10, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Lemonade Insurance & IPO
Replies: 30
Views: 1876

Re: Lemonade Insurance & IPO

Poor business model and misguided non profit like mission. The claims costs have already clearly emerged as a problem. Hard to see a path to consistent profitability. Likely to be a very poor investment. Agreed. An insurance company without agents, CSRs, or claims reps will be susceptible to increa...
by talzara
Mon Jun 08, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Lemonade Insurance & IPO
Replies: 30
Views: 1876

Re: Lemonade Insurance & IPO

My guess is they probably are having financing problems, and need financiers willing to provide money. While I like the idea of truly 'mutual' co-op based insurance, being a low-cost provider and donating profits doesn't sound like a good business model on a for-profit company. I wouldn't intention...
by talzara
Mon Jun 08, 2020 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Lemonade Insurance & IPO
Replies: 30
Views: 1876

Re: Lemonade Insurance & IPO

In Lemonade's business model, it takes a flat share of premiums, buys reinsurance, and then places the rest in an insurance fund. It uses the insurance fund to pay claims, while anything left over is paid to charity at the end of the year. Apparently, every customer chooses a charity option when si...
by talzara
Mon Jun 08, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Lemonade Insurance & IPO
Replies: 30
Views: 1876

Re: Lemonade Insurance & IPO

I'm not an expert but I believe one difference with lemonade is they only cover a specific list of types of claims. Lemonade is issuing standard ISO HO-3, HO-4, and HO-6 policies. These are the same policies issued by Amica and other small insurance companies. ISO policies are better than the ones ...
by talzara
Sat Jun 06, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Form 706 for portability election
Replies: 31
Views: 5181

Re: Form 706 for portability election

How do you find a tax accountant who would review the form for you? I talked to some CPAs. They have not prepared many 706 forms but want to charge me ranging from $3,000 to $5,000. One would not even give me an estimate. My estate attorney does not advice me to do portability based on my modest as...
by talzara
Wed Jun 03, 2020 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: ALTA Std Title Insurance vs. Enhanced Policy
Replies: 4
Views: 260

Re: ALTA Std Title Insurance vs. Enhanced Policy

Using the same attorney and in the buyer's contract, there was a page listing standard vs. enhanced title insurnace that we need to decide on. After 30 years in the house, I googled the subject: https://www.championtitle.com/enhanced-title-insurance-coverage Buy the policy that costs the least. Tit...
by talzara
Wed Jun 03, 2020 11:05 am
Forum: Investing - Theory, News & General
Topic: Looking for a similar site to Bogleheads for TIAA
Replies: 16
Views: 1340

Re: Looking for a similar site to Bogleheads for TIAA

Her advisor gave her the recommended changes on May 28, and is already wanting to know her decisions. That seems a bit pushy to me. One thing that makes helping people more difficult is trying to see how attached they are to their advisor. Is this a TIAA Wealth Management Advisor? TIAA WMAs are pai...
by talzara
Wed Jun 03, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax Credit
Replies: 32
Views: 1940

Re: Foreign Tax Credit

I should have explained it better. Line 7 on Form 1099-DIV usually has an amount on it. For 2019 there was no amount listed. There was a capital gains distribution paid out. Would't there be foreign tax paid on that distribution? Most countries withhold dividend taxes from foreign investors, but no...
by talzara
Sun May 24, 2020 12:26 pm
Forum: Personal Investments
Topic: TIAA traditional vs. Vanguard Total Market Bond index
Replies: 51
Views: 2680

Re: TIAA traditional vs. Vanguard Total Market Bond index

Talked to people at the Pension Research Council at Wharton some time ago where I work(work at Penn) and they advocate the TIAA Cref ‘hybrid co-operative pension system’. I don’t see Penn changing because I don’t think there’s another provider that offers a hybrid co-operative pension model. "Hybri...
by talzara
Wed May 20, 2020 12:34 pm
Forum: Investing - Theory, News & General
Topic: FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace
Replies: 5
Views: 564

Re: FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace

Unfortunately it doesn't appear that any Vanguard or Schwab funds are available commission-free so this is probably of limited value to Bogleheads. There are many Vanguard funds available with no transaction fee, but they are registered in Great Britain or Ireland: https://interactivebrokers.com/en...
by talzara
Wed May 20, 2020 11:46 am
Forum: Personal Investments
Topic: TIAA Annuity Help understanding Contact Language
Replies: 23
Views: 1493

Re: TIAA Annuity Help understanding Contact Language

This particular account plan allows me to exchange into TIAA Traditional - Retirement Choice Annuity (RC). When I spoke with my rep he said the current crediting rate is 3% and that would continue for the life of the contract (and could go up), but was illiquid meaning withdrawals over 9 years and ...
by talzara
Wed May 13, 2020 11:18 am
Forum: Personal Finance (Not Investing)
Topic: nice 20% insurance premium increase
Replies: 37
Views: 3399

Re: nice 20% insurance premium increase

I get it that somebody else might pay 120%, 130%, even 150% of what I do... but he is talking 300%+, for less expensive cars! And this isn't the COL difference between NJ and West Virginia. This is NJ vs. Boston. You still pay 500k+ for a dumpy ranch house in my neighborhood. 300% is within the exp...
by talzara
Wed May 13, 2020 11:15 am
Forum: Investing - Theory, News & General
Topic: TIAA offering buyouts to 75% of US employees
Replies: 8
Views: 1259

Re: TIAA offering buyouts to 75% of US employees

I took a look at it via Google Cache. Super short summary: [TIAA Bank] is offering voluntary separation packages to 75% of its 18000 U.S. employees. Note, this is TIAA Bank, a subsidiary of TIAA. No, this is TIAA. The OP quoted the Jacksonville Daily Record, and TIAA Bank is headquartered in Jackso...
by talzara
Tue May 12, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: nice 20% insurance premium increase
Replies: 37
Views: 3399

Re: nice 20% insurance premium increase

This is the same problem that some posters seem to have with real estate — prices differ widely depending on location and many other variables. I just don’t get why people are “shocked” that others have different costs than they do. Many people don't understand how insurance rates are calculated. B...
by talzara
Tue May 12, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: nice 20% insurance premium increase
Replies: 37
Views: 3399

Re: nice 20% insurance premium increase

Are you insuring Ferraris? Or do you have a bunch of 16 year old new drivers with an accident history on the policy? Just shocked at that number. We pay $600/year/car. And thats for the max 250/500 liability and full collision/comprehensive on 2014/2017 model year vehicles. I wish -- a Honda Civic ...
by talzara
Wed May 06, 2020 6:18 pm
Forum: Personal Investments
Topic: TIAA Traditional: My Best "Bond" Fund?
Replies: 23
Views: 1833

Re: TIAA Traditional: My Best "Bond" Fund?

I'm still not clear on this, but my TIAA Traditional--and it was a big chunk of my total portfolio--could not be liquidated quickly. There were restrictions on it; if you didn't want to annuitize it as a lifetime contract, the only way you could get your money out was via a "transfer payout annuity...
by talzara
Wed May 06, 2020 6:06 pm
Forum: Personal Investments
Topic: TIAA Real Estate fund during pandemic
Replies: 23
Views: 967

Re: TIAA Real Estate fund during pandemic

I casually glanced at what they invest in and stopped at "Credit default swaps". If you don't know what those are, go watch "The Big Short", sponsored by 2008. The TIAA Real Estate Account does not own any derivatives. I don't know where you're getting your information. As of December 31, 2019 ... ...
by talzara
Wed May 06, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Title insurance policy
Replies: 17
Views: 926

Re: Title insurance policy

Interesting info. I just did some quick online research and found that a buyer's title policy in my location for a home is about 0.2% of property value. It seems from the figures you give above that the profit margin for title insurance is very high. I'm surprised it's not a more competitive market...
by talzara
Wed May 06, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Title insurance policy
Replies: 17
Views: 926

Re: Title insurance policy

Has anyone here ever seen a payout from a title insurance policy? Title insurance has a claims frequency of about 1% per policy . The average house is sold every 10 years, so the annual claims frequency is about 0.1%. However, most claims are small errors that can be resolved by filing a corrected ...
by talzara
Wed May 06, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Title guy when buying a house
Replies: 17
Views: 1434

Re: Title guy when buying a house

There have been many articles over the years of how inflated title insurance is in most states. In Iowa they changed their system and a state agency provides it for $110 (for up to $500k, these amounts may be a bit old). https://www.curbed.com/2018/2/26/17017142/title-insurance-scam-government-take...
by talzara
Wed May 06, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Do I need title insurance?
Replies: 62
Views: 7515

Re: Do I need title insurance?

Another attribute on the scam aspect - You can only buy it during closing. You pay the entire amount upfront. If you change lender, an entire new policy needs to be re-issued. You can't transfer or get a refund for the previous policy. Why can't the industry treat it like other insurances - e.g. ho...
by talzara
Sun May 03, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

Can State Farm use any collected information from the smartphone app to investigate insurance claims? Can State Farm use any collected information from the smartphone app to investigate insurance fraud? You should not commit insurance fraud or give false information to insurance adjusters. State Fa...
by talzara
Sat May 02, 2020 11:55 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

Maybe there's something to that, but the most dangerous driving, especially for big payouts from really bad accidents rather than city fender benders, is smaller rural roads. I don't see how the device would distinguish those from interstates, by how often you completely stop at least. I tend to th...
by talzara
Sat May 02, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

Like other poorly-designed apps, the State Farm app is requesting more permissions than it actually needs. None of that information is used to calculate your premium. I have a bridge for sale if you believe that. Insurance is a regulated industry. All the rate manuals are filed with the state insur...
by talzara
Fri May 01, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

Insurance company gets my mileage each year from annual auto inspection. No need to take my word for it. I don't know whether I would get any further discount from them knowing how that annual amount is accumulated day by day. The low-mileage discount on a traditional policy is only about 20%. If y...
by talzara
Fri May 01, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

This app has access to: Device ID & call information read phone status and identity Storage read the contents of your USB storage Camera take pictures and videos Location approximate location (network-based) precise location (GPS and network-based) access extra location provider commands Photos/Med...
by talzara
Fri May 01, 2020 11:54 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

State Farm one knows what the speed limit is wherever your at. It won't ding you if you're a little over. I kept getting dinged in one paticuler spot until I noticed it was only a 20 mph limit and I was zipping over it about 30 or so. It will show the exact spot you speeded or if you catch a yellow...
by talzara
Thu Apr 30, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2596

Re: File tax return electronically

If we have to temporarily lift the freeze at Experian, for how long should this be done? Does the IRS website immediately check with Experian or could there be a delay (hours? days?)? You cannot create an IRS account until you pass identity verification. Once you've created an account, you do not h...
by talzara
Thu Apr 30, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

We used the Progressive equivalent once and it was too strict on stopping, no way to drive maximally safely in our area and not get dinged fairly regularly for 'too rapid' stops at the innumerable traffic lights. You'd either have to try to make it through yellow lights every time and occasionally ...
by talzara
Thu Apr 30, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

In terms of speeding the program is not strict with the speed limit so +/-5 is fine. I am not suggesting you speed but you aren't penalised for speeding unless you go 10mph over. I don't think it is particularly strict on braking etc either so don't worry about it. There are a lot of misconceptions...
by talzara
Thu Apr 30, 2020 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

We have refused to use their dongle, but we do use their app to report the mileage for each vehicle every 6 or 12 months (can't recall which). We do receive discounts for that. The low-mileage discount on a non-UBI State Farm policy is only about 20%. If you drive only 1 mile a year, you will pay 8...
by talzara
Thu Apr 30, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

I use it. It incorporates the low mileage discount as well so if you already receive that your bill won't be as low as you think. You have to put a small white box on the windscreen and it connects via bluetooth to your phone. The box is small (2.5" ish square) but not that discreet. The progressiv...
by talzara
Thu Apr 30, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3230

Re: State Farm Safe Driving App

Our auto policy will renew in about 5 weeks. SF agent suggested we use their safe driving app which can save from 5% to 30% depending on multiple factors. We are both safe drivers who drive within 5 miles of speed limit all the time. Also, Covid 19 has dramatically reduced our driving and I expect ...
by talzara
Thu Apr 30, 2020 12:52 pm
Forum: Personal Investments
Topic: TIAA Allocation advice wanted
Replies: 30
Views: 1363

Re: TIAA Allocation advice wanted

Is there any difference in the type(s) of institutions that can offer each of the types of contracts? RM Contracts between TIAA and any institution are negotiated like any other contract. In recent years, legislation and regulation of (among other things) the Fiduciary Duty of plan organizers has c...
by talzara
Thu Apr 30, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2596

Re: File tax return electronically

If we have to temporarily lift the freeze at Experian, for how long should this be done? Does the IRS website immediately check with Experian or could there be a delay (hours? days?)? You cannot create an IRS account until you pass identity verification. Once you've created an account, you do not h...
by talzara
Thu Apr 30, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2596

Re: File tax return electronically

Using Free Fillable Forms instead of a traditional software program should accomplish very close to your objective. Free File Fillable Forms is a stripped down version of TurboTax that has only the forms, not the interview. Anything that is implemented in the interview cannot be e-filed through FFF...
by talzara
Wed Apr 29, 2020 12:25 pm
Forum: Personal Investments
Topic: TIAA Allocation advice wanted
Replies: 30
Views: 1363

Re: TIAA Allocation advice wanted

I wasn't even aware TIAA had employer plans that excluded Traditional - you are saying it is not an option or that you have not selected it? Thanks for the info. I have never heard of a TIAA plan on its own products without TIAA Traditional. I now have an example. TIAA Retirement Choice contracts a...
by talzara
Wed Apr 29, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2596

Re: File tax return electronically

The IRS is using your credit report for identity verification. So what should those of us with security freezes do? Do they say which specific agency is used? The IRS uses Experian. If you’ve placed a credit security freeze with Experian — the credit bureau that the IRS uses to verify your identity...
by talzara
Tue Apr 28, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2596

Re: File tax return electronically

Since the Federal government relies on for-profit companies for this for some reason, there are likely tens of millions of families who don't qualify since they have none of those. I, for instance, cannot get it. Americans who don't own a car loan (over 60% of Americans). Americans without a credit...
by talzara
Tue Apr 28, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2596

Re: File tax return electronically

Getting there but not there yet. For those in the 20 locations above, yes get the IP pin ! Too bad. The IRS started with the states that had the highest rate of fraudulent tax returns, and it have been expanding the availability of Identity Protection PINs to states with lower rates of fraud. I was...
by talzara
Mon Apr 27, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2596

Re: File tax return electronically

Except that an ID thief can file a fraudulent return in your name, claiming a refund. Then you later file showing the correct amount you owe, which you may not mind owing, but now you need to deal with proving yours is the real Mcoy. The IRS is now offering the Identity Protection PIN to all taxpay...
by talzara
Mon Apr 27, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2596

Re: File tax return electronically

You have no guarantee that what the IRS types into their system is what you put on your paper return. I've had that problem a few times in the past, including one year where they input my address wrong. Don't they scan just about everything now? Wouldn't the only reason they'd need to enter it manu...
by talzara
Mon Apr 27, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2596

Re: File tax return electronically

In my case, I am reluctant to e-file because I cannot see exactly what is being filed as I can with paper filing. Yes, I can have the program print out the forms that would be submitted to the IRS with paper filing, but I can't verify that the electronically filed return matches what is in those fo...