Search found 3183 matches

by prudent
Wed May 23, 2012 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Bank accounts and credit cards
Replies: 32
Views: 2895

Re: Bank accounts and credit cards

I have deposit accounts at 3 credit unions and one bank. The bank is handy for free wire transfers/cashier's checks/unlimited ATM fee reimbursement/free safe deposit box. The CU accounts give me options when borrowing because they don't all move their rates in sync. And sometimes I'll see that one h...
by prudent
Tue May 22, 2012 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Must I move to another state so I can prosper?
Replies: 38
Views: 6735

Re: Must I move to another state so I can prosper?

That's a tradeoff, like many life choices, and I don't think anyone but you can decide if that's the right answer. We could have bought a bigger, nicer house, but we decided to beef up the savings instead. I had a couple of long-term friends who became moochers, so I parted ways with them. I could h...
by prudent
Tue May 22, 2012 10:05 am
Forum: Personal Consumer Issues
Topic: Has your well-intentioned advice ever gone awry?
Replies: 14
Views: 1595

Has your well-intentioned advice ever gone awry?

A close friend has been hospitalized for a few months and her sister is handling her affairs via a POA. My wife and the sister are very close so they have been spending a lot of time together at the hospital, at Social Security offices, etc. The sister is overwhelmed by trying to handle the avalanch...
by prudent
Tue May 22, 2012 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 68
Views: 26794

Re: Edward Jones Advisory Solutions account

I assume you mean a monthly fee that in total comes to 1%+ a year, and not 1+% per month. If you want to reduce expenses, you would not want to pay that kind of fee. Did the rep tell you what funds they would use in your IRA?
by prudent
Thu May 17, 2012 10:36 am
Forum: Personal Finance (Not Investing)
Topic: All Three Services through Cable
Replies: 32
Views: 3607

Re: All Three Services through Cable

Good to know about alternatives to AT&T and cable phone. As to cell as back-up, what keeps those cell towers going in a wide-spread power outage? They are required by the FCC to have a few hours of battery backup. Beyond that, some carriers have auto-start generators at important towers. Also remem...
by prudent
Wed May 16, 2012 9:47 am
Forum: Personal Finance (Not Investing)
Topic: All Three Services through Cable
Replies: 32
Views: 3607

Re: All Three Services through Cable

One thing to be aware of is that old-school standard home phone service will still work even if you do not have power. With cable, you may need to buy a battery backup unit (a UPS) that will provide power to the phone if your power goes out. The UPS will power your phone for about 8 hours. The batte...
by prudent
Wed May 16, 2012 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance
Replies: 11
Views: 1757

Re: Homeowners Insurance

Seems there is this collective called CLUE where all your claims are available for viewing by any insurance company. And my friend who is a real estate agent told me that prospective homebuyers are becoming more aware of the CLUE database, and some will have their insurance agent check the claims h...
by prudent
Wed May 16, 2012 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Who Do You Use for Home/Auto Insurance?
Replies: 53
Views: 7088

Re: Who Do You Use for Home/Auto Insurance?

Rates differ so much from company to company there's no substitute for getting a lot of quotes. Your rate depends on a multitude of factors and each company weighs those factors differently. Even if XYZ Insurance was cheapest for me, it might not be for anyone else. And USAA tends to be the cheapest...
by prudent
Tue May 08, 2012 8:00 am
Forum: Forum Issues and Administration
Topic: bogleheads.org attacked - some accounts hijacked
Replies: 107
Views: 18698

Re: bogleheads.org under attack - may cause login problems

nisiprius wrote:I recognize the "swordfish" reference but I have to wonder how common it really is. (Bad movie with hackers-as-heroes).
The use of "swordfish" as a password started in the Marx Brothers movie Horse Feathers, way back in 1932! :)
by prudent
Mon May 07, 2012 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Average wedding = 25k?
Replies: 110
Views: 9916

Re: Average wedding = 25k?

I just watched this exact thing happen with my GF's best friend. Her new MIL is a school teacher and invited the faculty of her entire school. An extra 50+ people showed up that they did not even know; there was nowhere for them to sit, no food, and unfortunately she and her husband were footing th...
by prudent
Mon May 07, 2012 3:42 pm
Forum: Personal Consumer Issues
Topic: What do to with old books?
Replies: 31
Views: 2660

Re: What do to with old books?

tc101 wrote:My library takes them and then sells most of them very cheaply. It provides a few dollars for the library and cheap books for whoever buys them.
I donate them to the library as well for their book sales.
by prudent
Mon May 07, 2012 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Credit Unions & Annuity Commissions
Replies: 11
Views: 1007

Re: Credit Unions & Annuity Commissions

I don't think that the CU investment advisors are actually employees of the CU. I'm a member of 3 local CUs and two of them have the same "investment advisor", who is actually an employee of CUNA Brokerage Services. I suspect advice from these folks is invisible to the actual CU.
by prudent
Sun May 06, 2012 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Average wedding = 25k?
Replies: 110
Views: 9916

Re: Average wedding = 25k?

Each couple invited should spend between $75 and $150 on gifts, so there is some upside to the affair. Unless, of course, you invite Bogleheads to the wedding. In that case, expect a bunch of used copies of books from the Bogleheads reading list. If your lucky, one of them may give you some really ...
by prudent
Sun May 06, 2012 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: In debt--Need Help --
Replies: 39
Views: 4292

Re: In debt--Need Help --

I would recommend trying creditboards.com Credit forum. You can get solid advice on how to approach repairing your credit. But I strongly urge you to read A LOT before taking any action. Then post a thread outlining your plan and ask for input. You didn't get in a hole overnight, and you won't get o...
by prudent
Sun May 06, 2012 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Average wedding = 25k?
Replies: 110
Views: 9916

Re: Average wedding = 25k?

corner559 wrote:I think serving champagne only is a good way to go. I went to a wedding not too long ago, and there was a cashier at the bar. It was the tackiest thing ever. Serve what you can afford.
Cash bar is pretty typical here and it doesn't raise any eyebrows. Maybe it's a regional thing.
by prudent
Fri May 04, 2012 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Average wedding = 25k?
Replies: 110
Views: 9916

Re: Average wedding = 25k?

The best weddings I have attended were low budget but not trashy. You can have as much fun in a fire hall as at the country club. I would say the average cost of weddings I've attended were in the $5K range all in not counting photography. Last summer we had to go to a very fancy wedding. The bride'...
by prudent
Fri May 04, 2012 7:47 am
Forum: Personal Finance (Not Investing)
Topic: reward credit cards a little oversold in this forum
Replies: 70
Views: 5158

Re: reward credit cards a little oversold in this forum

I don't disagree that on average people spend more when using credit.

But I don't go shopping as a leisure activity and I don't shop online unless I am looking for something specific, so speaking for myself I know I don't spend more because I use credit.
by prudent
Fri May 04, 2012 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Re: What stops you from retiring today?
Replies: 100
Views: 9064

Re: What stops you from retiring today?

Not enough saved, but I will retire as soon as I do. Hoping to get there in 6 years, when I will be 60.
by prudent
Thu May 03, 2012 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with transferring from Vanguard with a POA
Replies: 2
Views: 284

Help with transferring from Vanguard with a POA

A friend is seriously ill with cancer in the intensive care unit and a couple months ago gave her sister Power of Attorney over her investments. She had investments scattered across 6 firms (one of which is Vanguard) and is consolidating them all at one firm with a family friend as the investment ad...
by prudent
Thu May 03, 2012 12:36 pm
Forum: Investing - Theory, News & General
Topic: WSJ - "Do You Need a Chinese Bank Account?"
Replies: 41
Views: 6900

Re:

Quidnam wrote:Interesting -- does anyone know what rates they are currently offering on CDs, etc.?
I have read elsewhere that the rates you are quoted will vary depending on your national origin and what language you speak.
by prudent
Thu May 03, 2012 9:58 am
Forum: Personal Consumer Issues
Topic: Another Facebook Concern
Replies: 72
Views: 6851

Re: Another Facebook Concern

Another article about how social media can hurt your job search.
http://www.baselinemag.com/c/a/Careers/ ... 032012STR1
by prudent
Thu May 03, 2012 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Is my credit score going to get killed?
Replies: 31
Views: 2951

Re: Is my credit score going to get killed?

We paid our mortgage 5 years ago and haven't had a car loan in 10 years. It has had a slight negative impact on my score, but not enough to care about. I last checked FICO two years ago and it was 806. When we still had the mortgage it was about 820. Our auto insurance company told me we did not get...
by prudent
Tue May 01, 2012 11:06 am
Forum: Personal Consumer Issues
Topic: Another Facebook Concern
Replies: 72
Views: 6851

Re: Another Facebook Concern

Read this a while ago and it really hit home: "If you aren't paying for the product, you are the product." There just isn't enough upside to Facebook to make me set one up. I am listed in the phone book in the same city I've lived my whole life, so when old friends want to find me the phone works fi...
by prudent
Thu Apr 26, 2012 6:41 am
Forum: Personal Consumer Issues
Topic: How much do Bogleheads donate as % of income?
Replies: 62
Views: 5406

Re: How much do Bogleheads donate as % of income?

Asking how much folks donate is like asking a woman's age. Besides, people who are serious about giving from a spiritual perspective are reluctant to make it known what they do. I have found over the last several years that significant, deliberate and regular giving is beneficial in many ways. It r...
by prudent
Tue Apr 24, 2012 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: 1st Day of Retirement
Replies: 44
Views: 4810

Re: 1st Day of Retirement

I'm the type that won't dream of that day in advance. It would only make it harder on me to have to keep working now.
by prudent
Fri Apr 20, 2012 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Free Credit score
Replies: 22
Views: 2926

Re: Free Credit score

tc101 wrote:
There are some credit cards that offer free FICO scores monthly though.
Which ones?
The Walmart credit card is one.
by prudent
Thu Apr 19, 2012 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Free Credit score
Replies: 22
Views: 2926

Re: Free Credit score

We could make a scatter plot of FICO score versus CK-reported score if everyone with both scores posts them in this thread. Doesn't it cost a few $ to get your actual score via myfico.com? Edit: apparently myfico is free? I think you can get your FICO free from myfico.com once every two years. No, ...
by prudent
Thu Apr 19, 2012 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed Platinum Rewards Credit Card
Replies: 33
Views: 8493

Re: PenFed Platinum Rewards Credit Card

PenFed has a reputation for declining credit cards to people who in PenFed's opinion are "pyramiding debt". I had to provide last two paystubs in order to get approved, with an 810 FICO score. Did not have to provide tax returns, but I got the card 4 years ago. I have read stories of people who got ...
by prudent
Thu Apr 19, 2012 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Savings Rates
Replies: 15
Views: 2227

Re: Savings Rates

Go Blue 99 wrote:I calculate it as % of gross, and do include retirement savings.
Same here.
by prudent
Thu Apr 19, 2012 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Should I send my mortgage check via certified mail?
Replies: 8
Views: 1943

Re: Should I send my mortgage check via certified mail?

Years ago I received a letter from someplace I never heard of saying they bought our mortgage and all future payments should be sent to them. I threw it out, figuring if there was a change I would have heard about it first from my current servicer. So I sent the next two payments to the usual place....
by prudent
Thu Apr 19, 2012 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Free Credit score
Replies: 22
Views: 2926

Re: Free Credit score

The only reliable score is the one you have to pay for at myfico.com as that's the one most lenders will be looking at. On another site I just read a post where a couple applied for a mortgage and used the creditkarma score as an indicator that they were in position to get the best mortgage rate. Tu...
by prudent
Wed Apr 18, 2012 8:04 am
Forum: Personal Consumer Issues
Topic: Where do we bogleheads Splurge?!
Replies: 138
Views: 12282

Re: Where do we bogleheads Splurge?!

About to splurge on a head unit for a new-to-me (in other words, used) car. Got a great deal on the car and knowing we'll have it for at least 6-7 years I'm going to put an Advent OGM-1 in it. In-dash nav, bluetooth, streaming audio, plays video, completely integrated with the factory steering wheel...
by prudent
Mon Apr 16, 2012 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Just need to share this
Replies: 53
Views: 4758

Re: Just need to share this

Congratulations a little early! I remember how I felt when I was just months away from finishing the mortgage and being 100% debt-free. I still consider it one of the biggest accomplishments in my life (for me personally, not implying everyone should see it the same way).
by prudent
Sat Apr 14, 2012 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Mint.com and Vanguard Online Fraud Policy
Replies: 3
Views: 1718

Re: Mint.com and Vanguard Online Fraud Policy

They need to implement a type of restricted login that could view your account but not initiate transactions.
by prudent
Wed Apr 11, 2012 8:38 am
Forum: Personal Consumer Issues
Topic: Homeowners Insurance Deductible
Replies: 8
Views: 1526

Re: Homeowners Insurance Deductible

I have $1k deductible and pay $800/year for homeowners. If I was paying a lot more for insurance I would consider raising the deductible. I just don't think the savings would be that large in my case.
by prudent
Wed Apr 11, 2012 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Question re:Gift Tax Maximums/Totals
Replies: 10
Views: 817

Re: Question re:Gift Tax Maximums/Totals

$13K is the cutoff for gifts that are completely independent of the lifetime $5 million limit. Gifts of $13K or less in a year have zero to do with a lifetime limit. Over $13K in a year, you have to file form 709. The amount over $13K counts against your $5 million lifetime exemption. There is no ta...
by prudent
Wed Apr 11, 2012 5:59 am
Forum: Investing - Theory, News & General
Topic: How many Bogleheads rent a safe deposit box?
Replies: 14
Views: 1593

Re: How many Bogleheads rent a safe deposit box?

I use one but it's free with my checking account.
by prudent
Tue Apr 10, 2012 9:07 am
Forum: Personal Consumer Issues
Topic: Is it possible to remain anonymous after winning?
Replies: 10
Views: 1349

Re: Is it possible to remain anonymous after winning?

Wouldn't it be easy enough to go to one of the states where you can remain anonymous, and claim there?
by prudent
Tue Apr 10, 2012 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Starting out: NYC on a budget
Replies: 25
Views: 2454

Re: Starting out: NYC on a budget

I can offer only one bit of advice... Don't eat at Nello's.
by prudent
Sat Apr 07, 2012 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Take the Vanguard vs. Fidelity Challange
Replies: 37
Views: 5650

Re: Take the Vanguard vs. Fidelity Challange

While I wouldn't advocate that someone take on too much risk, I am curious about not being able to recover from a 60% drop in 20 years. The market took a heck of a bath in 2008 and we have already recovered most of it. You would need a 150% increase to break even after a 60% drop. Over 20 years, th...
by prudent
Tue Apr 03, 2012 7:20 am
Forum: Investing - Theory, News & General
Topic: Are Momentum and Rebalancing strategies contradictory?
Replies: 12
Views: 1420

Re: Are Momentum and Rebalancing strategies contradictory?

I think they are contradictory. Regarding whether they are both beneficial, momentum works great until it doesn't. The problem with momentum investing is you don't know when you are "buying high" because you can only know that in hindsight. Momentum investing generally targets individual stocks and ...
by prudent
Mon Apr 02, 2012 10:39 am
Forum: Personal Finance (Not Investing)
Topic: How should one deal with adult children's finances?
Replies: 144
Views: 10325

Re: How should one deal with adult children's finances?

I think the discussion should really be about kids who COULD be self-supporting but choose to be lazy instead. I think being a stay-at-home mom is a wonderful choice. If it requires parental support to be able to swing it, and the parents want to do that, that's great. The violin major is fine too -...
by prudent
Sat Mar 31, 2012 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Changes Checking Accounts Without Notification
Replies: 13
Views: 1473

Re: Bank Changes Checking Accounts Without Notification

My friend who is a local bank VP tells me there's a reason you might see 62+ checking accounts. Once people start drawing Social Security which is direct deposited, they almost never change banks. The older people get they less they shop around for banks. So if you can steal customers by offering an...
by prudent
Fri Mar 30, 2012 11:05 am
Forum: Personal Consumer Issues
Topic: [POLL] How many miles on your car?
Replies: 141
Views: 10092

Re: [POLL] How many miles on your car?

We're just in the process of getting rid of our 7-year-old car with 98k miles. Our other car is 8 years old and has 52k miles (wife's car, she typically only drives in the immediate area). The 7 yo car is going to a friend who needs a car and can't afford one, and we bought a year-old used car with ...
by prudent
Wed Mar 28, 2012 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card account transfer: effect on credit score
Replies: 6
Views: 731

Re: Credit card account transfer: effect on credit score

My understanding is it depends on how the bank reports the change. If they report it as old card closed, new card opened, it will affect the AAoA (Average Age of Accounts). But your old card's record will stay on your report for many years. If they report it as a new account number for the existing ...
by prudent
Thu Mar 22, 2012 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Can Credit Union close Credit Card w/o notice?
Replies: 13
Views: 1396

Re: Can Credit Union close Credit Card w/o notice?

They are free to cancel your card for any or no reason. If they won't reactivate the old account, nothing you can do about it.
by prudent
Wed Mar 21, 2012 6:04 am
Forum: Investing - Help with Personal Investments
Topic: buying a gold coin from individual
Replies: 54
Views: 4379

Re: buying a gold coin from individual

Selling allows you to control the risk much better. It's a very different situation than buying.
by prudent
Mon Mar 19, 2012 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Can Vanguard logon time be updated without a logon?
Replies: 17
Views: 1671

Re: Can Vanguard logon time be updated without a logon?

Hope you get a definitive answer as this is an interesting situation.

I know my assumption would be that only a successful login would reset that, but only Vanguard knows for sure.
by prudent
Sun Mar 18, 2012 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Charity question in $$$ only
Replies: 19
Views: 929

Re: Charity question in $$$ only

ann_l wrote:Ever since I was a high schooler happily buying things for a kid I found from the Salvation Army's angel tree-and unexpectedly given $100 "reward" by my father for doing so-I've discovered that when I give from the heart with no expectation of reward, money flows toward me.
Same here.
by prudent
Thu Mar 15, 2012 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Reward Checking Accounts vs High Yield CDs/Savings Accounts
Replies: 22
Views: 3999

Re: Reward Checking Accounts vs High Yield CDs/Savings Accou

I don't use Rewards Checking Accounts because it would require too much work on my part and I don't want a debit card connected to my bank account. I'm not in a store often enough during a month to meet the minimum number of debit transactions anyway so I would have to go out of my way to spend more...