Search found 513 matches
- Fri Feb 14, 2020 9:05 am
- Forum: Investing - Theory, News & General
- Topic: Roth Conversion: IRA or 401K?
- Replies: 8
- Views: 1000
Roth Conversion: IRA or 401K?
I have a 401 K and Roth 401K at Vanguard. I also have a tIRA and Roth IRA at Schwab. I plan on converting a sizable amount this year. Are there any pros or cons to converting from 401K to Roth 401K vs converting tIRA to Roth IRA?
- Fri Feb 07, 2020 1:32 pm
- Forum: Personal Consumer Issues
- Topic: What is the best concert you ever witnessed?
- Replies: 434
- Views: 39240
Re: What is the best concert you ever witnessed?
You do have quite the imagination.Doom&Gloom wrote: ↑Fri Feb 07, 2020 1:23 pm Good question about Keith. Clean living and hard work, I imagine
- Tue Nov 05, 2019 8:20 am
- Forum: Personal Finance (Not Investing)
- Topic: Law firm wants 40% PLUS expenses
- Replies: 7
- Views: 1709
Re: Law firm wants 40% PLUS expenses
I have to promise to give the firm 40% of all monies recovered PLUS all of the law firm's expenses. Question: Is having to pay for the law firm's expenses a common feature of these suits? I thought it was usually all taken entirely on a contingency basis. Do you have to pay out of pocket for expenses incurred (somewhat uncommon in personal injury cases, though not my area of experience), or does the law firm pay for all expenses, and its reimbursement of the expenses is contingent on a favorable result? For example, forget for a moment that this is a multi district litigation with numerous plaintiffs and pretend it is just you. The law firm incurs $10 of expenses in prosecuting the case. Do you have to reimburse the firm $10 even if you lo...
- Mon Oct 14, 2019 5:12 pm
- Forum: Personal Finance (Not Investing)
- Topic: Is class action settlement taxable income?
- Replies: 8
- Views: 976
Re: Is class action settlement taxable income?
I think it depends on the nature of the claim. For example, if you owned stock that was the subject of a class action settlement due to alleged misrepresentations, and you still own the stock, I suspect the settlement proceeds lowered your basis in the stock and might not be taxable in the year you received the settlement funds. Or, in the unlikely event you received a class action settlement due to alleged personal injuries, it seems likely to me that the funds would also not be taxable.
- Sat Sep 21, 2019 9:14 am
- Forum: Personal Finance (Not Investing)
- Topic: Anyone have experience with TAB Bank or BMO Harris?
- Replies: 3
- Views: 768
Re: Anyone have experience with TAB Bank or BMO Harris?
I agree with everything ChicagoBear7 wrote, and in particular, BMO Harris generally does NOT seem to have competitive deposit interest rates. I think you are best served by looking at this website and do some comparison shopping based on how long you want to park the money, and any issues with early penalty fees:
https://www.depositaccounts.com/blog/
https://www.depositaccounts.com/blog/
- Thu Aug 22, 2019 1:29 pm
- Forum: Personal Consumer Issues
- Topic: Chicago - What to see, do & eat in two days
- Replies: 71
- Views: 5566
Re: Chicago - What to see, do & eat in two days
This has to stop. Giordano's is objectively the worst "deep dish" (I think they market it as stuffed) pizza in Chicago. Do not suggest that tourists or anyone go there. Maybe your dog.Whew-Only10MoreYears wrote: ↑Thu Aug 22, 2019 1:12 pm Oh and I know its for the tourists and we've tried them all but we've settled on Giordano's for deep dish pizza.
- Tue Aug 20, 2019 5:50 pm
- Forum: Personal Consumer Issues
- Topic: Chicago - What to see, do & eat in two days
- Replies: 71
- Views: 5566
Re: Chicago - What to see, do & eat in two days
It IS still called Marshall Field's--but only by Chicagoans. It is now Macy's (on State Street or in Water Tower)
- Thu Aug 15, 2019 12:37 pm
- Forum: Investing - Theory, News & General
- Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
- Replies: 101
- Views: 12959
Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Thus employees of a company or its advisers can insider trade. I do not know what makes you believe this statement. I think he means "can" as in "able to", versus "can" as in "allowed to". If you aren't associated with a company, you can't ever commit insider trading wrt the company. Because you are not an insider. Your interpretation of what he meant might be correct, and might explain the statement. But this statement is not accurate: "If you aren't associated with a company, you can't ever commit insider trading wrt the company. Because you are not an insider." though I suppose it depends on what you mean by "associated with a company" Tippers and tippees are often "not as...
- Thu Aug 15, 2019 12:23 pm
- Forum: Investing - Theory, News & General
- Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
- Replies: 101
- Views: 12959
Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
I do not know what makes you believe this statement.Valuethinker wrote: ↑Thu Aug 15, 2019 12:09 pm
Thus employees of a company or its advisers can insider trade.
- Sun Aug 11, 2019 7:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: How should my Spouse and I handle a $300,000 Settlement?
- Replies: 119
- Views: 9310
Re: How should my Spouse and I handle a $300,000 Settlement?
One big question comes to mind for which I do not have the answer - Is this settlement amount considered taxable income and can anyone cite an IRS publication reference :?: This is a very complicated question and the answer depends on details that the OP should not be sharing in a public forum like this one. There is some IRS guidance here: https://www.irs.gov/pub/irs-pdf/p4345.pdf If the proceeds of the settlement are taxable, there is also the related question of whether the attorney´s fees are deductible. Tax Cut and Jobs Act (TCJA) 2017 got rid of many deductions for personal attorney'fees but there are some exceptions. The attorney who handled the case for your wife ought to be able to refer you to a tax professional who can provide k...
- Mon Aug 05, 2019 11:50 am
- Forum: Personal Finance (Not Investing)
- Topic: Proof of limited partner ownership
- Replies: 3
- Views: 449
Re: Proof of limited partner ownership
Have you been sent K-1s from the Partnership?
- Mon Jul 15, 2019 9:46 am
- Forum: Personal Finance (Not Investing)
- Topic: Tenant turned off all utilities advice please!!
- Replies: 85
- Views: 9826
- Fri Jul 12, 2019 8:12 am
- Forum: Personal Finance (Not Investing)
- Topic: No A/C in Office [not a safe work environment]
- Replies: 86
- Views: 9910
Re: No A/C in Office
90 degrees outside with no AC must be really uncomfortable, but I cannot imagine it rises to the level of actionable unsafe work environment.
- Fri Jul 12, 2019 8:09 am
- Forum: Personal Finance (Not Investing)
- Topic: Advice for Job Search (Attorneys)
- Replies: 12
- Views: 2099
Re: Advice for Job Search (Attorneys)
If you are interested in plaintiff class action work, you should investigate the handful of firms who do that work in your area and contact them directly; though I would not be optimistic that someone with a number of years of in house experience is necessarily the type of candidate they would have in mind.
- Thu Jul 11, 2019 3:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Pay Bank of America Credit Card from Another Bank?
- Replies: 15
- Views: 7506
Re: Pay Bank of America Credit Card from Another Bank?
I have a couple of BofA credit cards, and have no problem paying them off online from the website of the internet bank I use.
- Mon Jul 08, 2019 9:07 pm
- Forum: Personal Finance (Not Investing)
- Topic: Credit Card Sign up bonuses
- Replies: 16
- Views: 6501
Re: Credit Card Sign up bonuses
Why not run through the plethora of AmEx options?
- Mon Jul 08, 2019 9:02 pm
- Forum: Personal Consumer Issues
- Topic: St. Louis Travel/Tourism
- Replies: 31
- Views: 3209
Re: St. Louis Travel/Tourism
For a recent trip to Boston, I had posted and gotten advice from others here on the area/city. One commenter in that thread asked me for thoughts on my own city, and I did so, somewhat briefly. Now I'm going to expand my thoughts for the benefit of others who might be visiting or considering a trip to the St. Louis area, now or in the future. I've lived in St. Louis (County, mostly) most of my life, though I've lived elsewhere, too, and visited a lot of places. I'm married with kids - the kids are now mid-to-late teens. So I've experienced St. Louis from many perspectives - as a youngster myself, through young adulthood and then parenting. IMO, St. Louis has a lot of worthwhile attractions for visitors, and could easily fill a 3 day weeken...
- Sat Jul 06, 2019 4:10 pm
- Forum: Personal Investments
- Topic: Help Me Understand My I-Bond Rate
- Replies: 4
- Views: 908
- Fri Jul 05, 2019 4:44 pm
- Forum: Personal Investments
- Topic: Best way to plan for $620K long term capital gains?
- Replies: 18
- Views: 3281
Re: Best way to plan for $620K long term capital gains?
I'd consider something that hardly ever gets considered here: talk to a really smart stockbroker. You might be able to protect your downside risk of the equity with options/collars (I am not sure if that is the right terminology, even) so that you can sell portions of the equity in multiple year increments and reduce the overall tax burden while protecting the downside of the equity you continue to hold---at a cost for the option.
- Wed Jul 03, 2019 6:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: Churning Credit Cards
- Replies: 102
- Views: 15812
Re: Churning Credit Cards
Is there any consensus how many cards is too many? I do not think so. So long as you pay the balance in full, and can keep track of minimum spend to get the bonuses, and you are not expecting to apply for a large loan anytime soon, I see little reason not to gobble up as many sign up bonuses as you feel comfortable handling. As noted above, the game is not what it used to be, but in the last 4-5 years, between my personal account, my business, and my spouse we have/have had 75 credit cards ranging from AmEx, Chase, Citi, USBank, BofA, Capital One, Barclays, PenFed, Fidelity, and FNB Omaha. I probably have 20+, but I'm not sure how you get to 75, unless you are canceling and reapplying. I've done it for me, my wife and business. I've mostly...
- Sat Jun 29, 2019 11:17 am
- Forum: Personal Investments
- Topic: Bought Prospectus Under Separate Cover
- Replies: 9
- Views: 6929
Re: Bought Prospectus Under Separate Cover
A prospectus is a term of art and it is used to offer to sell securities. You will see prospectus when an entity is selling partnerships, such as a real estate limited partnership or oil and gas partnerships. I have never seen one other than provided to a prospective purchaser for free.Andrew321 wrote: ↑Fri Jun 28, 2019 10:05 pm Hi all,
Personal Capital is telling me that I bought a prospectus under separate cover for a Fidelity fund I buy. Has anyone ever seen this? I've never bought a prospectus and thought they were free and public. A google search leads to an old 2012 forum post here in which the term is not defined (it was about something else, but present).
Help appreciated.
Andrew
P.S. (They also got the amount of my contribution wrong, but OK...).
- Tue Jun 25, 2019 9:04 am
- Forum: Personal Finance (Not Investing)
- Topic: Should I buy a condo in Chicago?
- Replies: 52
- Views: 7338
Re: Should I buy a condo in Chicago?
Single professional guy here who purchased a condo on the northside in Chicago (Uptown) in 2006 or so and later sold it in 2012 or so. I would purchase a condo again, if I found the right one in the right location. I would NEVER purchase one in a building with a small number of units. My condo association was one building with 8 units. All we did was fight about how to run the association. After I purchased, I found that it was very loosely run with no real financial planning. I was naive about condos and didn't know what to ask before I purchased. There was no "process" around decision making and my efforts to add one (per the written rules of the condo association) just made matters worse. I spent far too much time doing work a...
- Mon Jun 17, 2019 1:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Credit card sign on bonus suggestion
- Replies: 32
- Views: 3759
Re: Credit card sign on bonus suggestion
It might "seem" like a fraud to you, but it is not; though the name is weird. See, for example, for Los Angeles county: https://www.lacounty.gov/business/starting-a-business-in-the-county/filing-a-fictitious-business-name/ Neither the applicant, nor the "person who provided them" committed fraud. A business in California has to be registered with the local county, not with the state ? Slightly off topic, but I am wondering if one wants to incorporate a small part-time online business (< $5K per year) as a sole proprietor, does it have to be in one's state of residence or can it be in any state (so one could pick a state with low registration and annual fees). Taxwise it would make no difference as a DBA since it would b...
- Thu Jun 13, 2019 8:42 am
- Forum: Personal Consumer Issues
- Topic: Which car to buy?
- Replies: 29
- Views: 3278
Re: Which car to buy?
What will you be using the vehicle for? Do you need an SUV? Do you need the 5 seats and extra storage? Do you need 4 wheel drive? I think you should consider these issues as much as the financial questions. I suspect both vehicles will last you many years.
- Thu Jun 13, 2019 8:37 am
- Forum: Personal Consumer Issues
- Topic: Do you repair your own appliances?
- Replies: 65
- Views: 4717
Re: Do you repair your own appliances?
I replace the oil in my lawn mower. And, I even put gas in. That's about the extent of my "repair" appliances gig.
- Thu Jun 13, 2019 8:08 am
- Forum: Personal Finance (Not Investing)
- Topic: Credit card sign on bonus suggestion
- Replies: 32
- Views: 3759
Re: Credit card sign on bonus suggestion
It might "seem" like a fraud to you, but it is not; though the name is weird. See, for example, for Los Angeles county: https://www.lacounty.gov/business/start ... ness-name/MichCPA wrote: ↑Thu Jun 13, 2019 8:00 am I agree with willthrill seems like a slam dunk fraud. False information that was relied on in order to apply for credit.
Its not odd that those statements were called fictitious because that is what they are. Just so you know, anyone who provided those to you with knowledge that you were submitting them as part of a credit has most likely also committed a crime.
Neither the applicant, nor the "person who provided them" committed fraud.
- Thu Jun 13, 2019 7:59 am
- Forum: Personal Consumer Issues
- Topic: Where to sit at Wrigley?
- Replies: 18
- Views: 2201
Re: Where to sit at Wrigley?
With kids at those ages, I think the bleachers would be a fine spot to see a ball game. They are likely to hear some swear words and see people drinking quite a bit of beer, and see some 20-something women with bikini tops and short shorts. Whether you want to shield them from such debauchery or not is your parental call. Each of my kids grew up quite a bit in the Wrigley bleachers, and when they come back to Chicago to visit, they love to spend the afternoon together as a family in the bleachers. As for other locations, you will get great views in the field box (2-digit number seating), regular box (3 digit numbering), and upper deck box seats between 1st and 3d base. Prices will depend on the day or night you pick and the team the Cubs wi...
- Sat Jun 08, 2019 10:35 am
- Forum: Personal Finance (Not Investing)
- Topic: Lawsuit settlement
- Replies: 13
- Views: 1957
Re: Lawsuit settlement
I would urge you to get a CPA with experience in this area. I think the general rule is that bequeaths are not taxable, but the general rule also is that settlements from non-personal injury litigation might be. How these 2 general rules are reconciled under these specific facts should be answered by a CPA.
- Sat Jun 08, 2019 10:30 am
- Forum: Personal Finance (Not Investing)
- Topic: Chase Southwest Airlines credit card
- Replies: 10
- Views: 1814
Re: Chase Southwest Airlines credit card
For what it is worth, I had both and the business card at the same time a few years ago without issue. Just be sure you are under 5/24 before you apply.tibbitts wrote: ↑Sat Jun 08, 2019 10:27 am I closed my $99 Chase/Southwest credit card a few months ago, but it still shows up as Closed in my Chase online card summary. I'd like to obtain the new $149 Chase card, mostly for the signup bonus but also because it'a a better deal going forward (I had the $99 card for years, but it was never a good deal after the signup bonus.) The signup bonus might change (go down?) in two days according to the website. Has anyone had experience either receiving a signup bonus or not based on still having your old Southwest card show up in your online account summary?
- Mon Jun 03, 2019 1:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: Chase Credit Card - Binding arbitration opt-out?
- Replies: 43
- Views: 5216
Re: Chase Credit Card - Binding arbitration opt-out?
Because: (1) that is what arbitration provisions provide, and (2) that is the primary reason large corporations mandate you agree to arbitrate any dispute, and give up your right to participate on a class wide basis.
- Fri May 31, 2019 4:39 pm
- Forum: Personal Investments
- Topic: what to do with small settlement payment?
- Replies: 11
- Views: 886
Re: what to do with small settlement payment?
- Fri May 31, 2019 8:22 am
- Forum: Personal Investments
- Topic: what to do with small settlement payment?
- Replies: 11
- Views: 886
Re: what to do with small settlement payment?
You should discuss with your accountant first, and maintain good records of medical expense payments. Depending on the nature of this personal injury, it is possible that the settlement proceeds are not taxable at all.
- Fri May 31, 2019 7:44 am
- Forum: Personal Consumer Issues
- Topic: Small Claims Court advice
- Replies: 7
- Views: 883
Re: Small Claims Court advice
Yes, you do. But you first need to be able to articulate what was the nature of the contract you entered into. What specific work was he hired to do, and at what price. Your post does not sufficiently state these essential elements, and you will want to do so for the complaint you file in small claims court. Good luck.
- Mon May 20, 2019 4:47 pm
- Forum: Personal Consumer Issues
- Topic: Class action law suits
- Replies: 52
- Views: 6640
Re: Class action law suits
A month ago I got a check for a class action lawsuit settlement against Wells Fargo. I had completely forgotten about it, one of those opt out deals IIRC. I had no harm that I was aware of. The check was for $0.14 Yes, that's not a typo -- FOURTEEN CENTS. No, I did not bother cashing it, darned thing cost me that much just looking at it. I wonder how much the shyster lawyers skimmed off the settlement. I see you posted twice. You must really be unhappy with the check you received, having suffered no harm at all. I suppose it is a shame you did not have a Wells Fargo account opened in your name and credit cards opened in your name with adverse consequences to your credit score. Then, perhaps, the check you receive would have been a bit high...
- Mon May 20, 2019 12:37 pm
- Forum: Personal Investments
- Topic: Asset allocation when you don't expect to need the money
- Replies: 13
- Views: 1572
Re: Asset allocation when you don't expect to need the money
This seems like excellent advice, and you get the added benefit of being around to watch them put those gifts to (hopefully) good use.
- Mon May 20, 2019 12:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: Big credit card charges coming up, should I sign up for a bonus card?
- Replies: 19
- Views: 1747
Re: Big credit card charges coming up, should I sign up for a bonus card?
With annual expenses of $15K, I would not get another card. I would get another 5.
- Mon May 20, 2019 12:23 pm
- Forum: Personal Consumer Issues
- Topic: If you liked “They Shall Not Grow Old” - “Cold Blue” coming May 23
- Replies: 13
- Views: 2421
Re: If you liked “They Shall Not Grow Old” - “Cold Blue” coming May 23
I saw They Shall Not Grow Old in a movie theater and enjoyed it immensely, and enjoyed the "how it was made" afterwards even more than the movie itself. Thanks for posting this: I have Cold Blue scheduled to watch now on HBO.
- Mon May 20, 2019 12:19 pm
- Forum: Personal Consumer Issues
- Topic: Class action law suits
- Replies: 52
- Views: 6640
Re: Class action law suits
Because some people, like you suggested earlier, simply (in my view, wrongly) ignore Class Action Notices and fail to complete the claim forms. Others take the time and fill out the paperwork. So, I suspect you, and the class action lawyers, cannot guess what percent fill out the paperwork and what percent ignore it. Your share of the class action proceeds, less court approved expenses and fees--yet another variable, is almost always dependent upon the numbers who participate; a number that varies greatly from case to case.
- Mon May 20, 2019 11:13 am
- Forum: Personal Finance (Not Investing)
- Topic: Churning Credit Cards
- Replies: 102
- Views: 15812
Re: Churning Credit Cards
Nor does mine. I do all the work for her. From completing the application, deciding which card to apply for, keeping track of spending to ensure she meets the spending requirements, and to paying the balance in full. She, not surprisingly, very much appreciates the significant travel benefits we have enjoyed.
- Mon May 20, 2019 11:00 am
- Forum: Personal Finance (Not Investing)
- Topic: Churning Credit Cards
- Replies: 102
- Views: 15812
Re: Churning Credit Cards
I do not think so. So long as you pay the balance in full, and can keep track of minimum spend to get the bonuses, and you are not expecting to apply for a large loan anytime soon, I see little reason not to gobble up as many sign up bonuses as you feel comfortable handling. As noted above, the game is not what it used to be, but in the last 4-5 years, between my personal account, my business, and my spouse we have/have had 75 credit cards ranging from AmEx, Chase, Citi, USBank, BofA, Capital One, Barclays, PenFed, Fidelity, and FNB Omaha.
- Thu May 02, 2019 12:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Amex Platinum Annual Fee
- Replies: 20
- Views: 2834
Re: Amex Platinum Annual Fee
You should be able to receive the bonus if you never received it before, even though you were an authorized user on another credit card. Further, you can get the "regular" AmEx Platinum (and bonus). You can also get other marketed AmEx Platinum (with bonus) as they are deemed "other products." For example, you can get the Schwab AmEx Platinum card, and you can get the annual fee reduced by up to $200 if you have a Schwab account and a large balance with Schwab.bigguy8437 wrote: ↑Thu May 02, 2019 12:24 pm Hmm bummer, it looks like the 100K amex offer is usually only for those who have never had an Amex card. I was under my parents account back in college so it doesn't look like that offer is available to me using the creditcards.com website after i signed up :/
- Wed Apr 17, 2019 3:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: What defines "income" on a retiree's credit card application?
- Replies: 102
- Views: 11628
Re: What defines "income" on a retiree's credit card application?
I usually just put 100,000$ Or maybe sometimes I put 200,000. I figure my real income is none of their business and I am giving an underestimation. I am curious what others say. lafder Since you asked....if you "put 100,000" or "put 200,000" and that is not accurate, it sure seems like you are committing fraud to me. Fair enough, he or she did ask. But I'd just put in my 2 cents that I completely disagree. The typical definition of fraud, as for example here "Somebody misrepresents a material fact in order to obtain action or forbearance by another person; The other person relies upon the misrepresentation; and The other person suffers injury as a result of the act or forbearance taken in reliance upon the misrepre...
- Tue Apr 16, 2019 10:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: What defines "income" on a retiree's credit card application?
- Replies: 102
- Views: 11628
Re: What defines "income" on a retiree's credit card application?
It seems to me that what you report on your 1040 is a defensible answer to the question, no matter the sources of "income." Including Roth conversions (which are part of AGI)? In what way is that not income? The IRS definitely considers Roth conversions as income. The reason I questioned it is, Roth conversions really are not income in the sense that you did not receive any additional money. Roth conversions just move money from one account to another. They do not increase your ability to pay, which is presumably what the lender would be interested in. Someone above suggested not including it as income on the credit card application. After thinking about it, I do believe it (along with RMDs) should be included as income on a cred...
- Tue Apr 16, 2019 12:07 pm
- Forum: Personal Finance (Not Investing)
- Topic: What defines "income" on a retiree's credit card application?
- Replies: 102
- Views: 11628
- Tue Apr 16, 2019 12:02 pm
- Forum: Personal Finance (Not Investing)
- Topic: What defines "income" on a retiree's credit card application?
- Replies: 102
- Views: 11628
Re: What defines "income" on a retiree's credit card application?
I usually just put 100,000$ Or maybe sometimes I put 200,000. I figure my real income is none of their business and I am giving an underestimation. What about using your expenses? Your income exceeds that. Or the amount you deposit into your bank account each year? As long as you are not being fraudulent, does it matter? If you are inflating your income to obtain debt you are going to default on it is entirely different than a card you are responsible with. I think using your last employment income sounds ok too. I am curious what others say. lafder Since you asked....if you "put 100,000" or "put 200,000" and that is not accurate, it sure seems like you are committing fraud to me. Fraud for what? The whole reason they a...
- Mon Apr 15, 2019 6:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: What defines "income" on a retiree's credit card application?
- Replies: 102
- Views: 11628
Re: What defines "income" on a retiree's credit card application?
It seems to me that what you report on your 1040 is a defensible answer to the question, no matter the sources of "income."
- Mon Apr 15, 2019 6:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: What defines "income" on a retiree's credit card application?
- Replies: 102
- Views: 11628
Re: What defines "income" on a retiree's credit card application?
Since you asked....if you "put 100,000" or "put 200,000" and that is not accurate, it sure seems like you are committing fraud to me.Lafder wrote: ↑Mon Apr 15, 2019 9:17 am I usually just put 100,000$ Or maybe sometimes I put 200,000.
I figure my real income is none of their business and I am giving an underestimation.
What about using your expenses? Your income exceeds that. Or the amount you deposit into your bank account each year?
As long as you are not being fraudulent, does it matter? If you are inflating your income to obtain debt you are going to default on it is entirely different than a card you are responsible with.
I think using your last employment income sounds ok too.
I am curious what others say.
lafder
- Mon Apr 15, 2019 5:05 pm
- Forum: Personal Consumer Issues
- Topic: After financial independence, do you play credit card bonus games?
- Replies: 97
- Views: 8868
- Wed Mar 13, 2019 4:36 pm
- Forum: Personal Finance (Not Investing)
- Topic: Any credit cards that can beat the Citi doublecash?
- Replies: 72
- Views: 14572
Re: Any credit cards that can beat the Citi doublecash?
GoldStar wrote: ↑Wed Mar 13, 2019 3:07 pmI don't know what you read, and what your source was, but I am not ex-military. I had a 5 year CD with Pen-Fed that matured last year, and I still have an AmEx credit card with PenFed.UpperNwGuy wrote: ↑Wed Mar 13, 2019 2:35 pm (Harder to join PenFed if you aren't ex-military from what I've read).
- Wed Mar 13, 2019 7:58 am
- Forum: Personal Finance (Not Investing)
- Topic: Bright daughter wants to work for nonprofit
- Replies: 103
- Views: 10753