Search found 3253 matches

by prudent
Wed Aug 15, 2012 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score and Credit Card Question
Replies: 43
Views: 5429

Re: Credit Score and Credit Card Question

nonnie wrote: Finally, any way to predict which CC companies use which source for inquiries--i.e. how to avoid a Trans Union inquiry?
creditboards.com has a "credit pulls database" where people enter the bureau that was pulled when they applied for new credit cards.
by prudent
Tue Aug 14, 2012 9:23 am
Forum: Investing - Theory, News & General
Topic: A hidden danger in VAs
Replies: 9
Views: 2272

Re: A hidden danger in VAs

That's a sad story for sure. Who would think they have to question something like that when it appears to be quite straightforward? I'm sure I would have taken the salesguy's word for it being done right. I suspect that account titling for all asset types rarely is done with the thoughfulness it des...
by prudent
Mon Aug 13, 2012 6:46 pm
Forum: Personal Consumer Issues
Topic: Rolex ($5000 watch) [servicing] question
Replies: 55
Views: 11660

Re: Rolex ($5000 watch) [servicing] question

FYI I heard today that melrose.com (a big seller of Rolex watches) is being sued by Rolex for using counterfeit parts in used Rolexes they sold.
by prudent
Fri Aug 10, 2012 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone else get debit cards in the mail without asking?
Replies: 14
Views: 1563

Re: Does anyone else get debit cards in the mail without ask

We don't have debit cards, just ATM cards. But whenever they reach the expiration date the bank always sends us new debit cards. Then we have to call and ask for ATM-only cards again.
by prudent
Fri Aug 10, 2012 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Quick question on tax
Replies: 13
Views: 1381

Re: Quick question on tax

I suspect the medical insurance deduction is pre-tax, and would not be part of taxable income in any event.
by prudent
Fri Aug 10, 2012 6:17 am
Forum: Investing - Theory, News & General
Topic: "The Secret of two-times pay" from Your Money Ratios
Replies: 97
Views: 16281

Re: "The Secret of two-times pay" from Your Money Ratios

It should be made clear that Farrell doesn't believe that reaching 2 times your income is the point at which you can kick back and stop working or saving. If I recall correctly, he thinks you need to have saved 12 times your annual income by retirement. I wish all those pundits who opine about reti...
by prudent
Fri Aug 10, 2012 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Post-Spending Regret
Replies: 64
Views: 6310

Re: Post-Spending Regret

IMHO you are obsessive about it because you don't seem to find enjoyment in the things you spend money on. You aren't talking about blowing 5 figures on gambling in Vegas. You went on a short vacation and did normal things, but now you don't like that you did it and don't seem to find any pleasure i...
by prudent
Wed Aug 08, 2012 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up recurring deposits in Vanguard
Replies: 5
Views: 1408

Re: Setting up recurring deposits in Vanguard

Since you have already done the calculation, can you specify that the recurring deposits be for the amount you know is right?
by prudent
Wed Aug 08, 2012 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: where do we find income
Replies: 60
Views: 7572

Re: where do we find income

[Not directed at the OP] Does it ever make sense to do "laddering" with bond funds? Some in short-term, some in intermediate term, some in long term? Recognizing that the next move in interest rates is almost certainly going to hurt bond prices (with longer term bonds being hurt more), is it conceiv...
by prudent
Tue Aug 07, 2012 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Newbie question about starting an emergency fund....
Replies: 14
Views: 1304

Re: Newbie question about starting an emergency fund....

There's room for quibbling, but my view is this: I wanted 6 months of expenses in my emergency fund. It covers everything I would need to pay for if I had no income. I think it's OK to include expected unemployment payment as long as you know you will qualify, and you allow for the inevitable delay ...
by prudent
Tue Aug 07, 2012 6:28 am
Forum: Personal Finance (Not Investing)
Topic: What is the worst job you have ever had?
Replies: 87
Views: 7362

Re: What is the worst job you have ever had?

Worst was working for a sandblasting operation as a teenager. As they sandblasted buildings, the sand would pile up at the base of the walls and my job was to shovel it into wheelbarrows and move it back to the machine that blasted it out. Got canned after two weeks for not being able to keep up. It...
by prudent
Fri Aug 03, 2012 1:25 pm
Forum: Personal Consumer Issues
Topic: No (Financial) Good Deed Goes Unpunished stories
Replies: 41
Views: 5132

Re: No (Financial) Good Deed Goes Unpunished stories

A close relative asked me 8 years ago for an emergency loan of $4,500 to fix their leaky roof and get caught up on their mortgage which was 60 days late. Drove a cashier's check out to their house the next day. Have not heard a word since about repayment. I never will. And I'm not going to bring it ...
by prudent
Fri Aug 03, 2012 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Wife is scared to quit.
Replies: 84
Views: 9607

Re: Wife is scared to quit.

Well, if she is compromising her values in order to continue in her position, I can't go along with recommendations to stick it out. Having to do that stuff eats at your core. I saw first hand what it did to the HR person where I once worked (he was the nephew of the ignorant tyrant owner). He was g...
by prudent
Fri Aug 03, 2012 8:04 am
Forum: Investing - Theory, News & General
Topic: How to respond to friends suggesting day trading?
Replies: 45
Views: 4067

Re: How to respond to friends suggesting day trading?

I never really understood the appeal of day trading. I've seen no evidence that people can do it successfully over a period of time. The success stories seem to be very rare. It's illogical to think someone could predict short term stock movement when there are tons of computer systems processing da...
by prudent
Fri Aug 03, 2012 7:52 am
Forum: Personal Consumer Issues
Topic: Did I Buy Counterfeit Toys?
Replies: 16
Views: 2448

Re: Did I Buy Counterfeit Toys?

If they look exactly like ones you know to be authentic, what makes you think they are counterfeit? Everything you said would make me think they are authentic.
by prudent
Fri Aug 03, 2012 7:48 am
Forum: Personal Consumer Issues
Topic: Grocery card and privacy - any concerns?
Replies: 11
Views: 2137

Re: Grocery card and privacy - any concerns?

This is why I still get the loyalty cards at the store. Usually you can get away with "I'm rather busy right now, can I take the application home and mail it?" Then you can fill out as much or as little (or nothing at all) as you want. I've yet to have a loyalty card deactivated using this approach...
by prudent
Thu Aug 02, 2012 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Wife is scared to quit.
Replies: 84
Views: 9607

Re: Wife is scared to quit.

Rarely does a question seem so clear cut ... she needs to quit. This isn't a matter of "the job just isn't my dream job", this is a stress-generating health-killing "I can't even sleep at night" nightmare job. I justify that by noting you not only have enough income to survive, you would still be ab...
by prudent
Wed Aug 01, 2012 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Investing in parking lots
Replies: 9
Views: 2001

Re: Investing in parking lots

I'll be following this thread, as I've always suspected these were money machines.
by prudent
Wed Aug 01, 2012 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Protecting Your Virtual Estate
Replies: 15
Views: 3591

Re: Protecting Your Virtual Estate

Agree with nisiprius that this problem is huge. When an account is at a local bank, a POA or spouse or heir can go there with the necessary paperwork and generally get things worked out. When the account is online at a place with no physical presence nearby, it's a nightmare, and if you can't get co...
by prudent
Tue Jul 31, 2012 11:04 am
Forum: Personal Consumer Issues
Topic: Surge Protector That Didn't Protect
Replies: 36
Views: 5903

Re: Surge Protector That Didn't Protect

Surge protectors die a little each time they do their job, and if you have enough power surges they will lose the ability to protect. Better ones have an LED that goes out when the unit is no longer effective. Cheap surge protectors are cheap for a reason, generally don't have an indicator light, an...
by prudent
Fri Jul 27, 2012 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Wage/Salary Inflation Since 1940
Replies: 15
Views: 3742

Re: Wage/Salary Inflation Since 1940

When people calculate differences in wages over time, do they factor in benefits also? I would guess the cost of benefits is much higher today per dollar of wages. Besides medical insurance, there is more vacation, 401k matching, etc. I guess the question is whether the cost of benefits should be in...
by prudent
Thu Jul 26, 2012 12:11 pm
Forum: Personal Consumer Issues
Topic: Freelance work -- how to bill the client?
Replies: 4
Views: 652

Re: Freelance work -- how to bill the client?

You absolutely should bill for email/phone support. The question is, what do THEY think about that? How will they react to getting billed for these things when you didn't do it before? Maybe a discussion would be useful prior to sending the bill. An hour handling email and/or on the phone is a billa...
by prudent
Thu Jul 26, 2012 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Executor and how to disperse funds for a Living Trust
Replies: 5
Views: 3184

Re: Executor and how to disperse funds for a Living Trust

Whether or not it's required to share financials with the other beneficiary, I would do it willingly just to demonstrate everything is being handled above board.
by prudent
Wed Jul 25, 2012 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Received my quote for disability insurance
Replies: 7
Views: 1407

Re: Received my quote for disability insurance

What is the waiting period before benefits begin?
by prudent
Wed Jul 25, 2012 10:41 am
Forum: Personal Consumer Issues
Topic: PC purchase advice
Replies: 50
Views: 5903

Re: PC purchase advice

Given your wants, definitely build your own. You'll have a better quality system and spend less. I've done it twice and I don't consider myself a hardware guru by any stretch. hardforum and anandtech forums are great resources for information (I prefer anandtech). I spent a LOT of time reading revie...
by prudent
Mon Jul 23, 2012 7:13 am
Forum: Personal Consumer Issues
Topic: Home security with contractors
Replies: 16
Views: 2533

Re: Home security with contractors

We have a friend who lives with her elderly mother. The friend had to be hospitalized long-term and that meant the mother had to move into a personal care home. While they are out of the house the friend's sister, with my wife's help, is coordinating needed repairs to the house. The contractors didn...
by prudent
Mon Jul 23, 2012 6:30 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 185934

Re: Tesla S

If you buy a car from a brand-new automaker I think you would need to be prepared to deal with reliability problems and long delays getting replacement parts. Hopefully that would not be an issue but there should probably be an expectation. There's a lot of new technology in that car and it would be...
by prudent
Sat Jul 21, 2012 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: help identifying investments from hell
Replies: 47
Views: 5744

Re: help identifying investments from hell

Collectibles, unless you've been involved with the particular area for years and really know your stuff. People hear that money is made but they don't understand it's almost always by only the very experienced collectors. It's easy to get in but few understand the illiquidity and high spreads. A lot...
by prudent
Fri Jul 20, 2012 7:47 am
Forum: Personal Finance (Not Investing)
Topic: 1st post - Transferring Credit Card - impact on Credit Score
Replies: 7
Views: 1100

Re: 1st post - Transferring Credit Card - impact on Credit S

If it's been a couple months since the card was switched, get copies of your credit reports from annualcreditreport.com if you haven't done so in the last year. Those are free. You can see on your reports whether you have a 15 year old closed card + a brand new one, or if the card history was carrie...
by prudent
Wed Jul 18, 2012 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Going to a timeshare presentation - advice?
Replies: 59
Views: 10587

Re: Going to a timeshare presentation - advice?

Yeah, I think a great comeback at the sales pitch would be, "If I was interested in a timeshare, I'd just buy one that's being resold and save 90% of what you want to charge me."
by prudent
Tue Jul 17, 2012 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Helping high net worth relative
Replies: 24
Views: 2452

Re: Helping high net worth relative

I take it this "high net worth" individual earns more and has more than you. One never knows what the true net worth is of a person unless they show it to you. I would steer completely clear. That means he should be able, from his "high net worth" associates to figure out where to go. This can only...
by prudent
Mon Jul 16, 2012 6:47 pm
Forum: Personal Consumer Issues
Topic: Tipping for Pizza Delivery
Replies: 86
Views: 8273

Re: Tipping for Pizza Delivery

Our pizza joint is about a mile away, and once I figured out I could pick it up myself and be home 20 minutes sooner than delivery would take, it would be right out of the oven hot, and that the cost to get it was far less than the tip + delivery charge, I just started going to pick it up. Haven't h...
by prudent
Mon Jul 16, 2012 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Young boglehead becoming a financial advisor
Replies: 15
Views: 2514

Re: Advice Needed - Young boglehead becoming a financial adv

So do the same rules apply to this site- for someone that comes to get advice and we all give it? Do we all need liability insurance to post here? What's to stop someone from filing a lawsuit and printing out your posts handing out money advice to them and tracking you down by your IP? I'm assuming...
by prudent
Mon Jul 16, 2012 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Price of Plastic Going Up? Merchants May Get Surcharge Right
Replies: 42
Views: 4603

Re: Price of Plastic Going Up? Merchants May Get Surcharge R

This is a sad day for America. Visa and MC should have put up a better fight... I grew up in a country with a backwater plastic money system. Plastic money was only accepted with a minimum spend, lots of merchants added up to 5% surcharge fee, and many places refused to take them... so is this the ...
by prudent
Mon Jul 16, 2012 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Young boglehead becoming a financial advisor
Replies: 15
Views: 2514

Re: Advice Needed - Young boglehead becoming a financial adv

You might be able to get some income with less headaches by teaching a non-profit class at a community college.
by prudent
Thu Jul 12, 2012 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Are reimbursement for work-related expenses taxable?
Replies: 11
Views: 1913

Re: Are reimbursement for work-related expenses taxable?

Our reimbursements are shown on our regular paystub, included in our paycheck, but not taxed.
by prudent
Wed Jul 11, 2012 7:26 am
Forum: Personal Finance (Not Investing)
Topic: A serious case of buyer's remorse
Replies: 43
Views: 7850

Re: A serious case of buyer's remorse

Like nisiprius said, there's a big difference between having to replace something expensive and looking at a ever-increasing pile of problems with a cost that could potentially go from costly to massive . When we bought a house we were pretty naive. We used the inspector recommended by the agent, wh...
by prudent
Tue Jul 10, 2012 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Price of Plastic Going Up? Merchants May Get Surcharge Right
Replies: 42
Views: 4603

Re: Price of Plastic Going Up? Merchants May Get Surcharge R

Remember that since merchants know people spend more with credit than with cash, they won't be looking for reasons to add surcharges. I expect it will mean something like a 30 cent surcharge on purchases under $5. If Walmart adds a 3% surcharge for credit and Target doesn't, your average consumer wi...
by prudent
Tue Jul 10, 2012 10:26 am
Forum: Personal Consumer Issues
Topic: Spreadsheets That Are Very Stable?
Replies: 38
Views: 2966

Re: Spreadsheets That Are Very Stable?

Agreeing that it sounds like a database is the better choice. I am not aware of any spreadsheet software that is viewed as more reliable than Excel for giant spreadsheets. If that's the typical operations they are doing in Excel, a relational database will blow them away at how fast it is (given wel...
by prudent
Tue Jul 10, 2012 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this luxury car?
Replies: 133
Views: 12721

Re: Can I afford this luxury car?

I agree with the sentiments that an SUV is not the best choice for hauling around two kids and all their stuff. I also think that a luxury vehicle might not be ideal for a gearhead dad + baby or two. Can you tolerate your dream car constantly full of crumbs + puke + everything else that a baby/toddl...
by prudent
Fri Jul 06, 2012 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fee for Bi-weekly mortgage payments
Replies: 26
Views: 4490

Re: Fee for Bi-weekly mortgage payments

DO NOT send weekly checks, you are just about guaranteed to create a nightmare. Like stan1 said, they will take your first check, assume it's your next mortgage payment, and then decide you have underpaid your mortgage. Or they might think you are paying into your escrow. Or they might throw it on s...
by prudent
Fri Jul 06, 2012 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Thanks Alot Ameriprise....
Replies: 22
Views: 9548

Re: Thanks Alot Ameriprise....

Many years ago when I was ignorant of handling investments but trying to learn, I hooked up with an Ameriprise rep (it was AmEx back then) and paid for a custom plan to be developed. I figured if a smart guy laid out the road map, I would be able to execute it. We first met to discuss risk tolerance...
by prudent
Mon Jul 02, 2012 12:56 pm
Forum: Personal Consumer Issues
Topic: buying a car- tell me your story
Replies: 57
Views: 6762

Re: buying a car- tell me your story

pkcrafter wrote:If you ask a dealer for the invoice, must they provide it?

Paul
No, and even if they did show me something they said WAS the invoice I wouldn't assume it was legit.
by prudent
Mon Jul 02, 2012 10:53 am
Forum: Personal Finance (Not Investing)
Topic: "Blacklisted" by home insurer???
Replies: 14
Views: 3906

Re: "Blacklisted" by home insurer???

If so, why are you concerned? If they get dropped you can always get insurance some place else. You can't count on this. Insurance companies use some type of coordinated database and they definitely do maintain industry-wide blacklists. I know, because my house was blacklisted after I made a claim ...
by prudent
Mon Jul 02, 2012 6:18 am
Forum: Personal Finance (Not Investing)
Topic: "Blacklisted" by home insurer???
Replies: 14
Views: 3906

Re: "Blacklisted" by home insurer???

My concern would be if all those calls to the insurer were entered into the CLUE database, where insurers share their experiences with customers. If CLUE has a record of those calls, it would not surprise me if it would be difficult to get insurance from another company. I have read where people had...
by prudent
Fri Jun 29, 2012 12:51 pm
Forum: Personal Consumer Issues
Topic: Car Dealership Repair Suggestions: Take Seriously or Not?
Replies: 43
Views: 5300

Re: Car Dealership Repair Suggestions: Take Seriously or Not

I would take any accolades with a grain of salt. The Honda dealership that really tried to shaft us is the "Honda President's Award" every year. Yet our local low volume Honda dealership that has awesome service has no accolades. You will probably find that the dealerships that tailor mostly to tho...
by prudent
Fri Jun 29, 2012 6:21 am
Forum: Personal Consumer Issues
Topic: Car Dealership Repair Suggestions: Take Seriously or Not?
Replies: 43
Views: 5300

Re: Car Dealership Repair Suggestions: Take Seriously or Not

It's to be expected that service prices will be high at a dealership. That doesn't bother me very much - that's just how it is. What infuriates me is telling people they need something done that does not need to be done. That's simply unethical. I have been to three different dealer service departme...
by prudent
Thu Jun 28, 2012 1:32 pm
Forum: Personal Consumer Issues
Topic: MONEY Magazine
Replies: 31
Views: 3593

Re: MONEY Magazine

For the $1/month cost I find it worth reading, if only to see what others are thinking . I think there is value in understanding what non-bogleheads think. And there is content that is not strictly investment oriented which I find useful. I get Smart Money and Kiplingers for the same reasons. On a s...
by prudent
Fri Jun 22, 2012 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: good problem to have
Replies: 15
Views: 1834

Re: good problem to have

Regardless of tax impact, I'd take it all now. Who knows what could happen to keep you from getting the rest later. Heck, you could be there a month, get a new boss that hates you, and realize you can't stand to stick around until the rest of the bonus comes through.