Search found 3253 matches

by prudent
Tue Feb 20, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: How big is the 'Madoff risk' -- All of your money at one advisor?
Replies: 21
Views: 3011

Re: How big is the 'Madoff risk' -- All of your money at one advisor?

A key item of protection is that you can verify your holdings and transactions independent of your advisor. (In your case, you can log in to Schwab and see what is there and what transactions have occurred). Your statements come from Schwab. Your advisor is not holding the assets. In Madoff's scheme...
by prudent
Mon Feb 19, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Misc Income [how to report with no 1099]
Replies: 87
Views: 4747

Re: Misc Income [how to report with no 1099]

LeTooth, Once again I am going to suggest this $1,200 income be reported as miscellaneous income on 1040 line 21 instead of Schedule C. Looking at the 2017 Instructions for Schedule C it says "Use Schedule C (Form 1040) to report income or (loss) from a business you operated or a profession you pra...
by prudent
Mon Feb 19, 2018 2:55 pm
Forum: Forum Issues and Administration
Topic: change user name?
Replies: 9
Views: 2481

Re: change user name?

inexperienced wrote:
Mon Feb 19, 2018 2:43 pm
Hi ladygeek, I'm unable to PM you. I need to do a name change as well.

Thanks.
You can now send a PM.
by prudent
Mon Feb 19, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 1021

Re: Interest-only mortgage/HELOC as a refi? (retired and low income)

Thanks to all. I gave him a summary of the options above for consideration.
by prudent
Thu Feb 15, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 1021

Re: Interest-only mortgage/HELOC as a refi? (retired and low income)

Good point about the transaction costs although if they could be rolled into the mortgage I don't think he'd care. He wants to conserve cash. Maybe the idea of using a HELOC to pay the higher mortgage payments would be a simpler arrangement but I don't know if he'd qualify for two monthly payments. ...
by prudent
Thu Feb 15, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 1021

Re: Interest-only mortgage/HELOC as a refi? (retired and low income)

He's looking at his options for moving elsewhere but there are waiting lists at the places he's interested in. It seemed like a good idea to get something that would act as an extension to his interest-only mortgage in the short term as that will be $hundreds/month cheaper than anywhere else he can ...
by prudent
Thu Feb 15, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 1021

Interest-only mortgage/HELOC as a refi? (retired and low income)

A close elderly relative told me the other day the interest-only part of his mortgage is coming to an end in a few months and he's panicked because his payment is scheduled to go up by around $250/month, beyond what he can afford. Apparently his mortgage was 10 years interest only, then converts to ...
by prudent
Thu Feb 15, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 81
Views: 10995

Re: Can someone help me explain to my wife...?

I've used this approach with relatives and it's been effective most of the time. I think it's important to acknowledge that the suggestion to "lock in profits" is very logical. If we knew a crash was coming, then we'd be smart to sell out ahead of time. The problem is we don't know when it's coming,...
by prudent
Thu Feb 15, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage because of new tax deductions?
Replies: 10
Views: 2059

Re: Pay off mortgage because of new tax deductions?

Topic moved to Personal Finance (Not Investing).
by prudent
Wed Feb 14, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: Increasing SS PIA by working again
Replies: 30
Views: 2468

Re: Increasing SS PIA by working again

I'm no expert on PIA calculations but i know it's not quite that simple. Benefit amounts don't increase on a straight line. Lower income people get a larger benefit with respect to their lifetime earnings. As an example, here is the description from the SS site: For an individual who first becomes e...
by prudent
Wed Feb 14, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: PSA: Bank of America now charges $12/month for checking
Replies: 113
Views: 10820

Re: PSA: Bank of America now charges $12/month for checking

I've noticed a couple banks in our area have also recently increased their min bal for free checking. I wonder if we'll hear more experiences like this. I once had a bank account where I had the same surprise checking fee. Called to inquire what happened, the rep explained notices were included in t...
by prudent
Wed Feb 14, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: Advice with Car Replacement?
Replies: 21
Views: 1220

Re: Advice with Car Replacement?

Topic moved to Personal Consumer Issues.
by prudent
Tue Feb 13, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Antarctica,South George, Falkland Islands
Replies: 4
Views: 541

Re: Antarctica,South George, Falkland Islands

Topic moved to Personal Consumer Issues.
by prudent
Fri Feb 09, 2018 4:52 pm
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 55
Views: 8189

Re: Financially secure, horrible workplace but just can't FIRE

fsrph wrote:
Fri Feb 09, 2018 4:41 pm
Sometimes I feel like I should just try and last a few more years
When you feel that way, what is/are the reason(s) you feel you should stay?

You want more money? Fear of having nothing to do? Fear of the unknown? Something else?
by prudent
Fri Feb 09, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Discuss Starting Time when You Get a Job Offer
Replies: 29
Views: 2702

Re: How Do You Discuss Starting Time when You Get a Job Offer

While acknowledging many places have different policies, let's keep replies focused on how the OP can raise the issue as a new hire.
by prudent
Thu Feb 08, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 148
Views: 37508

Re: Average amount saved for retirement by age

Topic is locked (derailed, contentious and off-topic).
by prudent
Thu Feb 08, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Best way to sell gold krugerrands?
Replies: 12
Views: 2448

Re: Best way to sell gold krugerrands?

I'd just look up a handful of nearby coin dealers and call them to find out what they are paying today for Kruggerands, then head to the place with the best offer. You might get a little more by selling through the mail to a place like APMEX but you'll have to evaluate how much aggravation you want ...
by prudent
Wed Feb 07, 2018 5:22 am
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 4756

Re: Market Timing

After review, the thread will remain locked.
by prudent
Tue Feb 06, 2018 7:52 pm
Forum: Personal Consumer Issues
Topic: Visiting SAN FRANCISCO
Replies: 31
Views: 2571

Re: Visiting SAN FRANCISCO

Topic moved to Personal Consumer Issues.
by prudent
Tue Feb 06, 2018 4:34 pm
Forum: Forum Issues and Administration
Topic: we need an individual stock sub forum
Replies: 31
Views: 2700

Re: we need an individual stock sub forum

Topic moved to Forum Issues and Administration.
by prudent
Tue Feb 06, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 182
Views: 29535

Re: Torn between Vanguard, Fidelity and Schwab

https://investor.vanguard.com/mutual-funds/fees Account service fees are automatically waived when you register for secure access to our website and let us send account documents to you electronically. They're also waived for all Voyager, Voyager Select, Flagship, and Flagship Select Services clien...
by prudent
Fri Feb 02, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: 401K Plan Help: A good reason to keep it?
Replies: 4
Views: 385

Re: 401K Plan Help: A good reason to keep it?

I think moving to lower fees is the right thing to do for the long term but I think it's important to find a way to get the "savers" to support the move. It sounds like the "savers" are the majority of plan members and you don't want them to think they are getting a raw deal that they believe is onl...
by prudent
Fri Feb 02, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: What the New York City subway looked like in 1980
Replies: 2
Views: 814

Re: What the New York City subway looked like in 1980

This thread is locked (not personal nor actionable). General comment threads are off topic in the forums with "Personal" in the title. See: A reminder that non-investing general comment threads are OT - It must be personal . In other words, you must be asking about your own situation. You can also ...
by prudent
Fri Feb 02, 2018 10:14 am
Forum: Forum Issues and Administration
Topic: Fewer acronyms please
Replies: 119
Views: 11681

Re: Fewer acronyms please

Topic moved to Forum Issues and Administration.
by prudent
Fri Feb 02, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: State Income Tax on a grant received
Replies: 4
Views: 449

Re: State Income Tax on a grant received

Topic moved to Personal Finance (Not Investing).
by prudent
Thu Feb 01, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation
Replies: 7
Views: 940

Re: Help with Asset Allocation

Topic moved to Investing - Help with Personal Investments.
by prudent
Mon Jan 29, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: goals met, anticipating a major correction, how can we freeze pensions?
Replies: 4
Views: 798

Re: goals met, anticipating a major correction, how can we freeze pensions?

Just to be clear, when you say "pension" do you mean a pension that is paid to you monthly by someone, or do you mean your own personal savings?
by prudent
Mon Jan 29, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about i401K @ TD Ameritrade
Replies: 11
Views: 942

Re: Questions about i401K @ TD Ameritrade

Topic moved to Investing - Help with Personal Investments.
by prudent
Mon Jan 29, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Question about 401(k) & 403(b) limits
Replies: 4
Views: 370

Re: Question about 401(k) & 403(b) limits

Topic moved to Investing - Help with Personal Investments.
by prudent
Mon Jan 29, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401 K Maximum For Sole Proprietor
Replies: 9
Views: 831

Re: Solo 401 K Maximum For Sole Proprietor

Topic moved to Investing - Help with Personal Investments.
by prudent
Mon Jan 29, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Don't market time...i know, i know.
Replies: 34
Views: 5154

Re: Don't market time...i know, i know.

Topic moved to Investing - Help with Personal Investments.
by prudent
Mon Jan 29, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: IRA questions for my wife and me
Replies: 4
Views: 578

Re: IRA questions for my wife and me

Topic moved to Investing - Help with Personal Investments.
by prudent
Mon Jan 29, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA to 401k
Replies: 5
Views: 695

Re: Rollover IRA to 401k

Topic moved to Investing - Help with Personal Investments.
by prudent
Mon Jan 29, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: $100k+ Credit Card Spend Per Year: What card offers the best return?
Replies: 44
Views: 5640

Re: $100k+ Credit Card Spend Per Year: What card offers the best return?

I wouldn't bet that the 5% is actually cash back. I notice they say the 1.5% on every purchase is cash back, the 3% on travel and restaurants is cash back, but the 5% on >$50K spending is a "point dividend". Points , not cash back. I couldn't tell how you earn points. And is a 5% "point dividend" si...
by prudent
Thu Jan 25, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Using disinfecting wipes to clean surfaces
Replies: 47
Views: 3821

Re: Using disinfecting wipes to clean surfaces

Topic is locked (topic exhausted, derailed).
by prudent
Thu Jan 25, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat the urge to spend?
Replies: 68
Views: 4741

Re: Strategies to combat the urge to spend?

For me, it was a little painful. Early in my career most of my friends were free-spending, splurging types, and of course we did lots of things together which meant I was spending a lot as well. When I realized I wasn't spending my money the way *I* wanted, and that I had to put the brakes on throwi...
by prudent
Wed Jan 24, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Need help in determining owner of property/land
Replies: 10
Views: 486

Re: Need help in determining owner of property/land

You can also try googling the county name with "GIS" which might lead you to the interactive maps referenced above. In our county, you can navigate the map to the desired location, click the property, and it will pop up the lot number and owner name.
by prudent
Wed Jan 24, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: The Money Show - Coming to a Town near you
Replies: 13
Views: 1830

Re: The Money Show - Coming to a Town near you

Like many conferences, they combine a big expo hall, free seminars, and pay seminars that all overlap. You can sign up for the free seminars + expo hall access at no cost. The 2-hours long pay seminars which they call "Master Classes" are $139 each, or you can pay a higher price to attend as many of...
by prudent
Wed Jan 24, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Real Wealth Strategist
Replies: 4
Views: 817

Re: Real Wealth Strategist

Short version: they are using hype and slick marketing tactics to push buying shares of certain Master Limited Partnerships (MLPs) in energy companies and REITs (of course, they will tell you you have to subscribe to their newsletter to know which ones you should buy). If you don't understand the (s...
by prudent
Mon Jan 22, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 7344

Re: Laughter is the Best Medicine - What makes you Laugh?

Big Bang Theory, 3 Stooges (before Joe as 3rd Stooge), most Marx Brothers movies, Monty Python's Flying Circus (but not so much their movies), Animal House, Blazing Saddles, Young Frankenstein. National Lampoon magazine (1970's-80's) - those magazines were brilliant. I tend to laugh a lot so I'm sur...
by prudent
Sat Jan 20, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Car Stereo Questions
Replies: 25
Views: 2244

Re: Car Stereo Questions

Topic moved to Personal Consumer Issues.
by prudent
Fri Jan 19, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 5178

Re: What can I do to fight this ridiculous medical bill?

I removed a number of off-topic posts. Rants about the health care system are off-topic. Please keep replies focused on the OP's specific situation.
by prudent
Thu Jan 18, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Observation
Replies: 3
Views: 486

Re: Observation

This post is locked (not personal nor actionable). As a reminder, general comment threads are off topic in the forums with "Personal" in the title. See: A reminder that non-investing general comment threads are OT - It must be personal . In other words, you must be asking about your own situation. ...
by prudent
Thu Jan 18, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 6486

Re: Trying to downsize but still too much stuff

Topic moved to Personal Consumer Issues.
by prudent
Wed Jan 17, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: Spend thrift trust
Replies: 3
Views: 452

Re: Spend thrift trust

Could you explain why you want to use a spendthrift trust? The reasons might help.
by prudent
Mon Jan 15, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 169
Views: 22115

Re: Are you finding any good values at Amazon anymore?

There are a number of chains that will price match to Amazon (typically must be exact item, in stock, and sold by Amazon not a 3rd party). Target, Best Buy, Home Depot, Bed Bath & Beyond, Staples and JCPenney. Office Depot/Office Max apparently just changed their policy last month and no longer pric...
by prudent
Sun Jan 14, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC below Prime Rate
Replies: 9
Views: 1104

Re: HELOC below Prime Rate

Digital Credit Union has HELOC rates "as low as" prime-0.25%. No annual fees, points or closing costs. Minimum payment 1% of balance. LTV up to 80%.
by prudent
Sun Jan 14, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: Say What? Morningstar Fund Spy
Replies: 3
Views: 778

Re: Say What? Morningstar Fund Spy

Topic is locked (not actionable).