Search found 2461 matches

by Jags4186
Sun Sep 23, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Should I Care About My Credit Score if Debt Free?
Replies: 34
Views: 2582

Re: Should I Care About My Credit Score if Debt Free?

It matters if you want to get new credit. Insurance companies also look at it when determining rates.
by Jags4186
Sat Sep 22, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15796

Re: iPhone XS Max

I always find it funny when people get all uppity about the new iPhones. The fact is that the phone is likely the number 1 used piece of equipment/device/accessory/etc. by nearly everyone in the country besides their bed. If you think it is too expensive just buy a cheaper alternative, but don’t com...
by Jags4186
Sat Sep 22, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7471

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

Markr867, 1) Are you "House Poor" asset wise? Are you overexposed to the house? A 304K mortgage means that you have a 400K or more house. Even if you max up 2 x 401K and 2 X Roth IRAs, it is about 50K per year. It will take you quite a while before your portfolio reaches 800K and the house's value ...
by Jags4186
Sat Sep 22, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: First time Salary Negotiations
Replies: 25
Views: 2718

Re: First time Salary Negotiations

Do not do as some above have suggested and value vacation 1:1 with salary. If you are in a sales job the likelihood of you taking 4,5,6 weeks vacation is very low unless you are blowing your numbers out. Sure that can happen some times, but other times you’ll need to slog through. Look at the sales ...
by Jags4186
Thu Sep 20, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576640

Re: What's Your Credit Card Rewards Strategy?

I'm waffling on which card I should get next. Overall goal is to build up airline points for future travel. Future destinations include Asia and Europe; can't be more specific at this time. At present I have a Chase Southwest RR VISA acquired last year as part of their California resident Companion...
by Jags4186
Thu Sep 20, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7812

Re: Hubby soon to be laid off

OP, Not sure what your mortgage payment is, but based upon the information you provided the PI part of your payment is around $2350/mo correct? You have 3 options: 1) continue to pay $2350/mo for 4.5 years 2) liquidate your taxable investments, pay your capital gains taxes, pay off mortgage 3) refin...
by Jags4186
Thu Sep 20, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7812

Re: Hubby soon to be laid off

If you want to stay, refinance your mortgage to a 30 year. That will cut your mortgage payment by 1/3 even with a higher interest rate. Let your heirs pay off the mortgage when they sell the house. If your husband gets another job you can aggressively pay it off. If you go that route the extra inte...
by Jags4186
Thu Sep 20, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7812

Re: Hubby soon to be laid off

runner540 wrote:
Thu Sep 20, 2018 2:36 pm
jehovasfitness wrote:
Thu Sep 20, 2018 2:32 pm
Would have to agree, 3600/yr for homeowner's insurance sounds crazy high
It's about 0.5% of the value. Is that high?
I pay 0.15% of the value on insurance.
by Jags4186
Thu Sep 20, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7812

Re: Hubby soon to be laid off

If you want to stay, refinance your mortgage to a 30 year. That will cut your mortgage payment by 1/3 even with a higher interest rate. Let your heirs pay off the mortgage when they sell the house. If your husband gets another job you can aggressively pay it off. If you go that route the extra inter...
by Jags4186
Thu Sep 20, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: 401k: Why not only after-tax?
Replies: 37
Views: 4199

Re: 401k: Why not only after-tax?

For me the optimal is a balance between pre-tax and Roth. I want my marginal tax rate now to be equal to my marginal rate when I'm retired. This depends on the amount of SS and the amount of pre-tax But this is not my question. My question is wether it's a good strategy to use only after-tax 401k. ...
by Jags4186
Thu Sep 20, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7471

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

I vote no but not for tax reasons/compounding reasons. If you increase your takehome $1600 you will in essense be spending $1600 more a month to pay down your mortgage. What if something “comes up” and you need to redirect that $1600 elsewhere? As a new homeowner myself, I have found the ever growin...
by Jags4186
Thu Sep 20, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 40
Views: 3144

Re: HOA Donation in Remembrance of Deceased Owner

Pass an envelope around, donate the money as “from the members of the XYZ home owners association”. I suspect that you will not get as much as you think you would this way which is why you are trying to run it through HOA funds. If this is the case reach into your own pocket and make up the differen...
by Jags4186
Thu Sep 20, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 56
Views: 3780

Re: Bathroom and Basement Remodel Costs

I wouldn’t bother with the basement. You said only your kids use it. That means they’re not in your main level living room/family room messing things up. If you’re going to spend $75k to finish the basement so you and your wife will spend time there, where will your kids relocate to? That’s a lot of...
by Jags4186
Wed Sep 19, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25246

Re: What is your single most expensive mistake?

Bogleheads: My most expensive mistake was to use a broker for our investments from 1950 until 1986 when we moved to Vanguard. Thank you, Jack! Best wishes. Taylor Was this a mistake though? Were there options to buy investments without a broker in the 1950s? Genuinely curious. jags: I don't know th...
by Jags4186
Wed Sep 19, 2018 5:41 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25246

Re: What is your single most expensive mistake?

Taylor Larimore wrote:
Tue Sep 18, 2018 5:02 pm
Bogleheads:

My most expensive mistake was to use a broker for our investments from 1950 until 1986 when we moved to Vanguard.

Thank you, Jack!

Best wishes.
Taylor
Was this a mistake though? Were there options to buy investments without a broker in the 1950s?

Genuinely curious.
by Jags4186
Wed Sep 19, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 4117

Re: “Majority of working-age Americans have no retirement savings”

So where do all these retired people that I see all over the US come from? I suspect people do not tell pollsters the truth about their savings. Some of the data are objective, such as average 401k balances. Actually, most people are likely to overstate their savings in surveys. 401k balance is a r...
by Jags4186
Wed Sep 19, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America credit card “feature” (be careful with autopay)
Replies: 45
Views: 2736

Re: Bank of America credit card “feature” (be careful with autopay)

Just to update you all, Bank of America is completely incompetent. I called last night—they told me there’s a hold on the payment I need to call back their credit department between 8-7. Fine. I call at 8 this morning to the credit department, after spending 30 minutes with a person calling my payme...
by Jags4186
Tue Sep 18, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576640

Re: What's Your Credit Card Rewards Strategy?

Should I go ahead and cancel CSP? Or am I missing some of its features that are not covered by my other cards? Victoria Primary rental car coverage. I don't believe this is the case. CSR is primary but CSP is secondary, at least here in the US for US residents. https://www.chase.com/content/chaseco...
by Jags4186
Tue Sep 18, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Bank used to be more customer focused
Replies: 46
Views: 6106

Re: Chase Bank is the Devil

We own a small business and have the Chase Ink Business Preferred Visa card. We import our CC transactions into QuickBooks twice a week with the QB Direct Connect feature. Early last week, the import transactions feature stopped working. We called Chase today (a week later) and expressed our concer...
by Jags4186
Tue Sep 18, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America credit card “feature” (be careful with autopay)
Replies: 45
Views: 2736

Re: Bank of America credit card “feature” (be careful with autopay)

Balance has been at $0 since August 27. I have autopay set up for all my cards because I’m anal and rotate between 8-10 cards a month depending on purchase. Sometimes I have $12 balances that I don’t want to miss a payment by accident.
by Jags4186
Tue Sep 18, 2018 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America credit card “feature” (be careful with autopay)
Replies: 45
Views: 2736

Bank of America credit card “feature” (be careful with autopay)

So I woke up to a lovely scene this morning of a checking account with $150 in it. Like many of you I generally pay my credit card balance in full before due date. I signed up for the BOA Premium Rewards card for the $500 bonus, did the minimum spend and paid it off. Well today, even though there wa...
by Jags4186
Mon Sep 17, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: Is Hardwood Floor No Maintenance (vs Carpet)?
Replies: 39
Views: 3883

Re: Is Hardwood Floor No Maintenance (vs Carpet)?

Instead of worrying about “maintaining” hardwood floors, I’d worry more about cleaning fees when you leave and medical bills for asthma related issues. Hardwood floors require nothing more than a once a week microfiber dusting and once a month damp mop. Of course if you are pushing furniture and scr...
by Jags4186
Mon Sep 17, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4836

Re: Dilemma: Add room to current house or buy new house?

michaeljc70 wrote:
Mon Sep 17, 2018 2:32 pm
GoldStar wrote:
Mon Sep 17, 2018 2:25 pm
You lost me at 6000 sq feet being too small.
It's only 1200 sq ft a person!
Only 60 sq ft per finger and toe!
by Jags4186
Mon Sep 17, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 44
Views: 3473

Re: a low grade in a 9th-grade test

I am always amazed when BogleHeads remember specific grades they got, in a specific class, during a specific year. <10 year out of high school, and I could not name 95% of teachers, let alone grades from that time. When I was a senior in high school we only had gym 6 times a quarter. Consequently i...
by Jags4186
Mon Sep 17, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 154
Views: 12154

Re: Considering Quitting Job - Seeking Advice. Would you do it?

OP I think instead of just outright quitting you should go to your manager, tell him the schedule you are willing to work. If he says that isn’t possible, I would then tell him this is the schedule you’re going to work and if that’s unacceptable you will seek a transfer to a different department or ...
by Jags4186
Mon Sep 17, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4836

Re: Dilemma: Add room to current house or buy new house?

How about move from a 6000sqft house to a 2000sqft house and start a charitable trust with the proceeds? Then your wife can brag to all her friends about the fundraising galas she is orchestrating and how her friends are way too into consumerism and should become more charitable. Seriously, if you h...
by Jags4186
Mon Sep 17, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 44
Views: 3473

Re: a low grade in a 9th-grade test

There could be so many reasons one could get a D. I got an F on the first test of the year, the first week of the year in freshman English. Apparently when I showed up to a private high school they had actually expected us to read the assigned summer reading. Who knew?
by Jags4186
Mon Sep 17, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: (No Savings) *Everything* in S&P 500?
Replies: 33
Views: 3937

Re: (No Savings) *Everything* in S&P 500?

The thing to understand is that going from 80% equities/ 20% bonds to 100% equities buys you surprisingly little additional return, but a lot more volatility. Over the past 40 years, a typical period for accumulating retirement assets, an 80/20 allocation produced a portfolio almost EXACTLY 20% les...
by Jags4186
Sun Sep 16, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Cell phone insurance
Replies: 25
Views: 1925

Re: Cell phone insurance

You're right. Per the Wells terms and conditions: Cellular Telephone Protection can reimburse the eligible Wells Fargo Consumer Credit Card cardholder for damage to or theft of a cell phone. This benefit does not cover cell phones that are lost (i.e. disappear without explanation). I think it might...
by Jags4186
Sat Sep 15, 2018 8:28 am
Forum: Personal Consumer Issues
Topic: iphone xs--buy it sim free vs. on a network
Replies: 12
Views: 1408

Re: iphone xs--buy it sim free vs. on a network

Just make sure whatever phone you buy supports all of the bands your carrier uses. This is typically only a T-Mobile problem since they use some unusual bands.
by Jags4186
Fri Sep 14, 2018 8:19 am
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 57
Views: 7500

Re: Credit card question - get Uber's new 4%er?

You may get 4.5% return on the CSR; however, you have to pay an annual fee of $450, plus another $75 for each authorized user, vs. $0 annual fee for a 4% restaurant return via the Uber Card. It is really $150 per year unless you don’t have $300 in travel-related charges per year you can put on the ...
by Jags4186
Fri Sep 14, 2018 7:47 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15796

Re: iPhone XS Max

The BOGO offers are garbage for the most part. The cheapest BOGO offer that Verizon offers will cost you approximately $4850 over 24 months for the iPhone Xs 64gb—I just built out a 2 person package. You can get two Verizon prepaid 7gb plans for $85/mo. 85x24 is $2040 and the two phones cost $1998 s...
by Jags4186
Thu Sep 13, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: How to help teenager fix silly mistakes in math?
Replies: 50
Views: 3306

Re: How to help teenager fix silly mistakes in math?

Unpopular opinion:

Perhaps your daughter isn’t as good in math as you think she is? Some people make lazy mistakes because they aren’t challenged. Others make lazy mistakes because they’re lazy. Others make mistakes because they are getting it wrong. Make sure you know which this is.
by Jags4186
Wed Sep 12, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15796

Re: iPhone XS Max

$1100 for the cheapest iPhone Xs Max at 64 gigabytes of storage. No. Just, no. There is no conceivable feature Apple could add on top of the basic required functionality that would justify this price. I'll keep my $200 32Gb iPhone SE. It still works just fine. I love the size of my SE, but it has b...
by Jags4186
Tue Sep 11, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

I feel like everyone is telling me I’m arguing a different point than I actually am. I have no idea if 5G is going to be a profitably investable technology. But 5G technology will rollout and there will be ways to monetize it. Saying we’ll just stay at 4G levels because no one is going to spend $25 ...
by Jags4186
Tue Sep 11, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

To provide broadband wireless at the 1Gbps rate you mention, the carriers need a lot of bandwidth which in turn drives them to very high frequencies (the millimeter wave stuff you hear about). Those frequencies attenuate extremely rapidly, measured in meters, not kilometers. The carriers are buildi...
by Jags4186
Tue Sep 11, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

Jags4186, If the answer is one base station for every 3 to 5 homes, will you change your mind? KlangFool No--it will still happen. Again, I can't tell you how to make money investing in it, and I can't tell you that 5G will get rid of wireline service in the next 5 years, but the future is wireless...
by Jags4186
Tue Sep 11, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

Jags4186, If the answer is one base station for every 3 to 5 homes, will you change your mind? KlangFool No--it will still happen. Again, I can't tell you how to make money investing in it, and I can't tell you that 5G will get rid of wireline service in the next 5 years, but the future is wireless...
by Jags4186
Tue Sep 11, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

I do not understand the case for 5G. It's just infrastructure. Capital intensive and probably not so spectacular return. Moreover American providers (from cell service to cable) are very expensive and low quality compared with many other countries. I don't think they can be in this position for muc...
by Jags4186
Tue Sep 11, 2018 12:49 pm
Forum: Investing - Theory, News & General
Topic: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars
Replies: 53
Views: 4734

Re: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars

With fees so low everywhere the returns of switching are too diminshed to consider switching brokers for the sake of 3 or 4 basis points. Say someone has $100k in Vanguard 500 fund—are you really going to go through the hassle to switch to Fidelity to save 4 basis points and potentially be no better...
by Jags4186
Tue Sep 11, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

I do not understand the case for 5G. It's just infrastructure. Capital intensive and probably not so spectacular return. Moreover American providers (from cell service to cable) are very expensive and low quality compared with many other countries. I don't think they can be in this position for muc...
by Jags4186
Tue Sep 11, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Singing/Voice Classes
Replies: 20
Views: 1380

Re: Singing/Voice Classes

The big difference between singing lessons and instrumetn lessons is that everyone can sing, even if badly. You can sing a song at tempo, have fun, and laugh if it sounds bad. If you don’t know how to play an instrument you can’t even fake making the tune, you can’t play at tempo, it isn’t enjoyable...
by Jags4186
Tue Sep 11, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: M1 Finance - Starting a 3 Fund Portfolio
Replies: 10
Views: 1128

Re: M1 Finance - Starting a 3 Fund Portfolio

M1 is fine, but you don't need to use M1 for a 3 or 4 fund portfolio. You can do everything at Vanguard without worry that it will get bought up and have fees added in the future.
by Jags4186
Tue Sep 11, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Home Buying Advice/Other Advice Needed
Replies: 5
Views: 593

Re: Home Buying Advice/Other Advice Needed

Thank you all for your replies. Taking all of this advice in to consideration. I am bumping this for more feedback. Since you haven't received any more feedback, I will give you some more things to think about. I closed on a home on 6/15. Small two story house on 0.2 acres--1500sqft, 3 br 1.5 ba. H...
by Jags4186
Mon Sep 10, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

If 5G is as good as advertised they will make money from massively increased subscriptions and additional services offered rather than inreasing the cost of usage. Why pay for cell service and wireline service at home when I can just have one bill for cell and home internet access. Why bother with ...
by Jags4186
Mon Sep 10, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2900

Re: Investing in 5G Wireless

OP, In any business, you can make more money if you can charge more for your service. So, please tell me, are you paying a lot more or a lot less for your Internet service and/or mobile phone service over the last 5 years? Looking at your own bills and you will know the answer. KlangFool Service pr...
by Jags4186
Mon Sep 10, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5202

Re: $200 cash bonus offer from Citi

uberdoc wrote:
Mon Sep 10, 2018 7:56 pm
Is that for real?
Yes... you can do your own research if you’d like. The IRS has stated all credit card rewards are considered rebates not income.
by Jags4186
Mon Sep 10, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5202

Re: $200 cash bonus offer from Citi

I just signed up for the BOA Premier Rewards... $500 bonus with a $95 AF not waived. Essentially, a $405 bonus. To me it was the highest bonus versus relatively low AF. With total marginal tax of around 40%, this does not seem to be great deal to me. One has to pay tax on credit card bonus but fee ...
by Jags4186
Mon Sep 10, 2018 6:58 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime - Value?
Replies: 89
Views: 7507

Re: Amazon Prime - Value?

To me it’s incredibly valuable. Prime Video and Prime Music are used daily in my house. Packages almost always arrive in 1 or 2 days. When they don’t I complain and get a free month of membership.

Not quite as good as Netflix, not quite as good as Spotify, but basically 1/2 the price of having both.