Search found 7647 matches

by michaeljc70
Wed Apr 21, 2021 10:08 am
Forum: Personal Consumer Issues
Topic: Advice on repeated credit card fraud
Replies: 14
Views: 1337

Re: Advice on repeated credit card fraud

There is a service businesses can get so they get the updated card number. For Visa, it is called "Visa® Account Updater for Merchants". Here is info on it: https://usa.visa.com/dam/VCOM/download/merchants/visa-account-updater-product-information-fact-sheet-for-merchants.pdf . I don't kno...
by michaeljc70
Wed Apr 21, 2021 9:42 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 482
Views: 30810

Re: "Nobody's ever regretted paying off the mortgage."

Do you have auto, home or renters insurance? Do you not have a credit card? Using a credit card is borrowing. I should have said: We don't need any additional borrowing. We don't need more credit cards than we already have. We don't need different insurance than we already have. I also don't antici...
by michaeljc70
Wed Apr 21, 2021 9:16 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 482
Views: 30810

Re: "Nobody's ever regretted paying off the mortgage."

Also, our credit score is 825 having carried no debts for a very long time. We only have 2 credit cards and always pay them off. Might just be an anecdote but if folks are concerned about not having a good credit score as a result of having no debt - I don't think that's always the case. Our mortga...
by michaeljc70
Wed Apr 21, 2021 8:57 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 482
Views: 30810

Re: "Nobody's ever regretted paying off the mortgage."

I somewhat regret paying off my mortgage (in bulk) for multiple reasons: -Negatively affected my cash flow -Required taxes to be paid at a higher rate than the mortgage due to capital gains or income tax on IRA withdrawal. Obviously the taxes were one time while the mortgage wold have kept incurring...
by michaeljc70
Tue Apr 20, 2021 6:02 pm
Forum: Personal Consumer Issues
Topic: Advice on repeated credit card fraud
Replies: 14
Views: 1337

Re: Advice on repeated credit card fraud

To be clear, are these charges at Amazon on your Amazon account or someone else's?
by michaeljc70
Tue Apr 20, 2021 5:56 pm
Forum: Personal Consumer Issues
Topic: Advice on repeated credit card fraud
Replies: 14
Views: 1337

Re: Advice on repeated credit card fraud

I talked to the fraud department from the Chase Freedom number and the woman said that once the fraudster had the cc info in a merchant wallet, it would just update to the new card automatically, so the only solution was to take the cards off the account and input the info manually when I ordered. ...
by michaeljc70
Tue Apr 20, 2021 1:47 pm
Forum: Personal Consumer Issues
Topic: How to opt out of people search sites?
Replies: 13
Views: 2005

Re: How to opt out of people search sites?

Even if certain sites let you opt out, public records will still exist. I was able to lookup when and how much a relative refinanced their home for and took out a home equity loan. All I had to know was the county they lived in. Assuming anyone has a social media presence, that is easy to find. I gu...
by michaeljc70
Tue Apr 20, 2021 11:53 am
Forum: Personal Consumer Issues
Topic: Q's on Fire TV Stick/YouTube TV/Echo-Alexa for tech-phobic senior
Replies: 38
Views: 1842

Re: Q's on Fire TV Stick/YouTube TV/Echo-Alexa for tech-phobic senior

You mentioned YouTube TV. Have you considered other options? If you have a good idea of what channels they watch there are sites that will compare which streaming service and what plan (if applicable) will work for them. I have YTTV and switched to Sling. Sling is cheaper and has all the channels I ...
by michaeljc70
Mon Apr 19, 2021 9:30 pm
Forum: Personal Consumer Issues
Topic: People with Covid-19 vaccination record cards: where are you keeping them?
Replies: 179
Views: 15693

Re: People with Covid-19 vaccination record cards: where are you keeping them?

I've been keeping mine in a basket where I keep mail and bills, but I think I'm going to follow suit with what others recommended and keep a photo of it on my phone just so that I always have it. As things open back up, I think we'll need it to go to things like concerts, sporting events, and anyth...
by michaeljc70
Mon Apr 19, 2021 9:13 am
Forum: Personal Consumer Issues
Topic: People with Covid-19 vaccination record cards: where are you keeping them?
Replies: 179
Views: 15693

Re: People with Covid-19 vaccination record cards: where are you keeping them?

I don't see how an easily forged piece of paper stating you've been vaccinated with a vaccine that didn't go through the normal approval process with varying degrees of effectiveness and an unknown period of effectiveness is that useful. I suspect it may used for marketing/peace of mind only ("...
by michaeljc70
Sun Apr 18, 2021 11:18 am
Forum: Personal Finance (Not Investing)
Topic: New vs used car in a strong used car market
Replies: 41
Views: 3148

Re: New vs used car in a strong used car market

Prius Prime - cheapest new car you can buy right now. (cheapest b/c it will have positive equity once you get all the rebates and tax credits, assuming you live in a Toyota sales area that is offering the $5k cash/rebate right now ) Unless they need the space of a CRV. Is there a list of areas offe...
by michaeljc70
Sun Apr 18, 2021 9:06 am
Forum: Personal Consumer Issues
Topic: A/C in the garage
Replies: 23
Views: 2105

Re: A/C in the garage

If you are handy, there are mini-splits you can buy and install for under $1000.

Assuming you have central A/C, is there anyway to get duct work to the garage? Maybe through the attic above the garage?
by michaeljc70
Sun Apr 18, 2021 8:55 am
Forum: Personal Finance (Not Investing)
Topic: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?
Replies: 48
Views: 5456

Re: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?

What do you need the "loan" for? Why not just charge all your normal expenses on the credit card and not pay it off until the 0% runs out? What is the credit limit? Most aren't that high that after the processing fee this will amount to much. This sounds like a Rube Goldberg loan trying to...
by michaeljc70
Sun Apr 18, 2021 8:50 am
Forum: Personal Finance (Not Investing)
Topic: New vs used car in a strong used car market
Replies: 41
Views: 3148

Re: New vs used car in a strong used car market

I would buy new in this situation. However, how do you compare the prices? Comparing the sticker and asking price is not really useful. I guess you can use TrueCar for the new car and CarMax or Carvana or a no haggle dealer for a used car price. You don't really know the true price until you negotia...
by michaeljc70
Sun Apr 18, 2021 8:45 am
Forum: Personal Finance (Not Investing)
Topic: “Running the Numbers”
Replies: 26
Views: 2301

Re: “Running the Numbers”

It sounds like hiring a well known artist to paint the walls a solid color in your home.
by michaeljc70
Sat Apr 17, 2021 11:22 pm
Forum: Personal Consumer Issues
Topic: Q's on Fire TV Stick/YouTube TV/Echo-Alexa for tech-phobic senior
Replies: 38
Views: 1842

Re: Q's on Fire TV Stick/YouTube TV/Echo-Alexa for tech-phobic senior

I have 3 of the 4k Firesticks and no 4k Tvs. The difference in price is small and it is about more than just 4k. They are faster, have more memory (RAM) and have better wifi (reportedly).
by michaeljc70
Sat Apr 17, 2021 11:15 pm
Forum: Personal Consumer Issues
Topic: how does Citi Double Cash card actually work in practice?
Replies: 14
Views: 1392

Re: how does Citi Double Cash card actually work in practice?

In the case of Citi Double Cash, would recommend against using the "cash back" as a bill credit. For illustration purposes, say you have a $100 charge. You get 1% ($1.00) upon statement close. If you use that $1.00 as a statement credit, then you only "pay" $99. Your 2nd one per...
by michaeljc70
Sat Apr 17, 2021 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 161
Views: 18173

Re: ACA subsidy cliff now going away! Yay!

Since I have little idea what our income will be this year (spouse unemployed, my income can be controlled via investments/withdrawals) I thought I would jump start the increase in premium tax credit (due to being unemployed in 2021) by updating our income. The federal poverty level is ~$17k for two...
by michaeljc70
Fri Apr 16, 2021 8:57 pm
Forum: Personal Consumer Issues
Topic: Banned from Home Depot Returns
Replies: 206
Views: 135114

Re: Banned from Home Depot Returns

I don't think that is true anymore. Last time I made a return (purchased with a gift card with a receipt) and got a store credit they wrote my name on the card in permanent marker and I was required to show an ID to use it the next time. I was somewhat peeved as I had a receipt when I made the retu...
by michaeljc70
Wed Apr 14, 2021 10:24 am
Forum: Personal Consumer Issues
Topic: mortgage application for my widowed mother
Replies: 6
Views: 456

Re: mortgage application for my widowed mother

I'd pick the lender based on the rate and terms (fees). I've found big banks are usually not competitive unless you are getting some kind of relationship discount. Some lenders really nickel and dime you on fees. I'd start with a site like Bankrate where you can see a lot of rates at one time and co...
by michaeljc70
Wed Apr 14, 2021 8:18 am
Forum: Personal Finance (Not Investing)
Topic: HSA advice Jane Quinn How to Make Your Money Last
Replies: 62
Views: 5741

Re: HSA advice Jane Quinn How to Make Your Money Last

Also, if this author Jane Quinn is this far off from understanding all of the "perks" of an HSA, is the rest of her book worth reading? I will stand up for Jane Bryant Quinn and “How to make your money last”: 1. This is just an update, not a new book. It is clear that she did not update t...
by michaeljc70
Tue Apr 13, 2021 6:28 pm
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 188
Views: 19306

Re: Did you move for better weather? Did you regret it?

I have considered moving due to weather but haven't. Though I hate the very cold, long winters here I think I would regret leaving friends, family and an otherwise great city behind. That may change later or result in some kind of hybrid (snowbird) arrangement. I did exactly what you are proposing ...
by michaeljc70
Sun Apr 11, 2021 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

I've been on both sides of things like this, and in both cases the bill went to the person who owned the house at the time the cost was incurred, rather than the person who owned at the time the HOA voted on the assessment. - I moved into a place in spring, and in summer they had a special assessme...
by michaeljc70
Sun Apr 11, 2021 9:21 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

That’s what I am assuming. When you buy you have a realtor, a closing attorney, and title insurance. All with their hands out. SOMEONE messed up here. Unless OPs parents were told to expect an HOA assessment in the ballpark of $8000 in which case it’s on them, and it doesn’t sound like they were. T...
by michaeljc70
Sun Apr 11, 2021 9:21 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

That’s what I am assuming. When you buy you have a realtor, a closing attorney, and title insurance. All with their hands out. SOMEONE messed up here. Unless OPs parents were told to expect an HOA assessment in the ballpark of $8000 in which case it’s on them, and it doesn’t sound like they were. T...
by michaeljc70
Sat Apr 10, 2021 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

Seems to me like you have to figure out how to prove if the sellers knew the $8000 special assessment was lurking out there. Seems like they disclosed the lawsuit and may have not known what was coming. In laws did not do their DD. Hard to imagine title insurance doing anything about this as it doe...
by michaeljc70
Sat Apr 10, 2021 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

Seems to me like you have to figure out how to prove if the sellers knew the $8000 special assessment was lurking out there. Seems like they disclosed the lawsuit and may have not known what was coming. In laws did not do their DD. Hard to imagine title insurance doing anything about this as it doe...
by michaeljc70
Sat Apr 10, 2021 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

Sorry to have taken the thread OT. FWIW, I made my choice about where to live. I'd avoid an HOA as much as possible, but if you live in a very urban environment there may be no SFHs. Also, some municipalities have nothing but homes in HOAs. It seems every new subdivision has something (fountain, li...
by michaeljc70
Sat Apr 10, 2021 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

Even someone diligent about reading the HOA meeting minutes probably wouldn't have gone back to 2013 (or earlier) when it seems this started. However, that phrase in the listing about "litigation has been settled" should have raised a red flag for further exploration. There is a lot of tal...
by michaeljc70
Sat Apr 10, 2021 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

HOA is such a nonsense. Its a free country people! Why would you get Involved with HOA in the first place. Freedom is an illusion. There are countless laws and regulations that effect every moment of our lives. There are even rules that govern my response to you here. It appears the OP's in-laws mi...
by michaeljc70
Sat Apr 10, 2021 10:27 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

Assuming this wasn’t disclosed, if title insurance isn’t good for this, I’m not sure what it’s good for. All of us have wasted hundreds of dollars or more on title insurance whenever we buy a house. It’s time someone filed an actual claim for the rest of us. Title insurance is a huge ripoff and thi...
by michaeljc70
Sat Apr 10, 2021 10:12 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

Assuming this wasn’t disclosed, if title insurance isn’t good for this, I’m not sure what it’s good for. All of us have wasted hundreds of dollars or more on title insurance whenever we buy a house. It’s time someone filed an actual claim for the rest of us. It's good for defects in the title which...
by michaeljc70
Sat Apr 10, 2021 10:09 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

I would absolutely take this to the real estate agents. The buyer's agent was paid to protect the buyer's fiduciary interests, right?, Right? And the sellers agent should have overseen the disclosure, right? Condo settlements are pretty bread and butter, so both of those agents should have known to...
by michaeljc70
Sat Apr 10, 2021 9:55 am
Forum: Personal Finance (Not Investing)
Topic: HOA rules - limit number of rentals?
Replies: 39
Views: 3150

Re: HOA rules - limit number of rentals?

Out of 34 townhomes we allow 4 to be rented at a time for a period no less than 1 year. Too many rentals is not good for property values in general. No flexibility in renting it out if you need to is also bad. I am not sure how it works if you want to rent your unit and the 4 are already rented.
by michaeljc70
Fri Apr 09, 2021 4:01 pm
Forum: Personal Consumer Issues
Topic: Bathroom remodel with no GC?
Replies: 15
Views: 2009

Re: Bathroom remodel with no GC?

My actual question is what you all think about not having a contractor manage the job. In my experience, not having a general contractor when it sounds like you are going to sub out much of the work if not all of it, means the project will probably take five times as long (if not longer) than it wo...
by michaeljc70
Wed Apr 07, 2021 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act IRA Distribution/repayment - Tax Software
Replies: 13
Views: 818

Re: CARES Act IRA Distribution/repayment - Tax Software

I got the latest update from H&R today. However, it still doesn't work correctly. The issue is on the 8606 line 15b it says to put the amount attributable to disaster relief. The software is not doing that resulting in double taxation. It has 0 on that line. According to the 8606 directions for...
by michaeljc70
Wed Apr 07, 2021 2:37 pm
Forum: Personal Consumer Issues
Topic: The best $10,000 to $15,000 vehicle.
Replies: 42
Views: 3316

Re: The best $10,000 to $15,000 vehicle.

BRAND NEW PRIUS PRIME!!! I don’t drive expensive vehicles. I purchase used vehicles with low mileage and then drive them for at least 10 years. What are some good options for reliability and great gas mileage that you like? If you're in the right area for $5k Toyota rebates/cash on a Prius Prime, y...
by michaeljc70
Wed Apr 07, 2021 11:33 am
Forum: Personal Finance (Not Investing)
Topic: CARES Act IRA Distribution/repayment - Tax Software
Replies: 13
Views: 818

Re: CARES Act IRA Distribution/repayment - Tax Software

I got the latest update from H&R today. However, it still doesn't work correctly. The issue is on the 8606 line 15b it says to put the amount attributable to disaster relief. The software is not doing that resulting in double taxation. It has 0 on that line. According to the 8606 directions for ...
by michaeljc70
Wed Apr 07, 2021 10:50 am
Forum: Personal Consumer Issues
Topic: Thoughts on HOA Board Membership?
Replies: 31
Views: 2699

Re: Thoughts on HOA Board Membership?

Our HOA is considering doing an expensive project that will result in a special assessment. I don't think the project is necessary (mostly cosmetic and not needed on many units). I thought about joining the board to influence this decision. In the end, I decided I didn't want the hassle. Our board o...
by michaeljc70
Wed Apr 07, 2021 10:25 am
Forum: Personal Consumer Issues
Topic: Thoughts on HOA Board Membership?
Replies: 31
Views: 2699

Re: Thoughts on HOA Board Membership?

runner3081 wrote: Tue Apr 06, 2021 1:52 pm It is a miserable, thankless job, but I always stay involved because I don't trust other people, haha. Have been on HOA boards for 10+ years now.

We have insurance coverage for board members, I wouldn't do it otherwise.
Good summary.
by michaeljc70
Wed Apr 07, 2021 10:24 am
Forum: Personal Consumer Issues
Topic: The best $10,000 to $15,000 vehicle.
Replies: 42
Views: 3316

Re: The best $10,000 to $15,000 vehicle.

My brother bought a new Toyota Corolla about a year ago and it was under $20k. I just looked on Truecar and you can get a new one for $18k with no negotiation. I know this doesn't meet the OPs criteria. I am just pointing out that buying a couple year old Honda or Toyota may not save very much or be...
by michaeljc70
Wed Apr 07, 2021 9:04 am
Forum: Personal Finance (Not Investing)
Topic: American Rescue Plan Act & ACA APTC for 2020 1040
Replies: 35
Views: 3404

Re: American Rescue Plan Act & ACA APTC for 2020 1040

I am wondering where they (HRB) are getting that information from. I would think it would be public if it came from the IRS since not everyone uses TT/HRB. The only thing I can find on irs.gov pertaining to this is: We’re reviewing the tax provisions of the American Rescue Plan Act of 2021, signed i...
by michaeljc70
Tue Apr 06, 2021 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: American Rescue Plan Act & ACA APTC for 2020 1040
Replies: 35
Views: 3404

Re: American Rescue Plan Act & ACA APTC for 2020 1040

On the IRS website it says you don't need to file an amended return if you paid back ACA PTC. Fine. What if you haven't filed yet? Do I have to send a check for ~$5k only to wait to get it back later? I will owe an underpayment penalty so I'd rather not wait until May 17th to file. HRB updated thei...
by michaeljc70
Tue Apr 06, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: American Rescue Plan Act & ACA APTC for 2020 1040
Replies: 35
Views: 3404

Re: American Rescue Plan Act & ACA APTC for 2020 1040

On the IRS website it says you don't need to file an amended return if you paid back ACA PTC. Fine. What if you haven't filed yet? Do I have to send a check for ~$5k only to wait to get it back later? I will owe an underpayment penalty so I'd rather not wait until May 17th to file.
by michaeljc70
Tue Apr 06, 2021 10:02 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 161
Views: 18173

Re: Is anyone signing up for ACA plan due to changes from ARPA?

Yes, we have a new plan as of 4/1. Unfortunately, some of the ACA changes in the ARPA aren't implemented yet. If you are unemployed (or were in 2021) you are eligible for cost sharing reductions (on certain plans) and potentially a much bigger subsidy. So, while we switched plans (allowing switching...
by michaeljc70
Sun Apr 04, 2021 11:03 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 172
Views: 22841

Re: Oil change interval for low-mileage vehicles

For those that say follow the manual 1) some manuals give differing advice depending on climate, your driving is city/highway (which many people have both), if you live in a dusty area, etc. and 2) dealers obviously make money off services so I treat that with a grain of salt. I drive around 5k mile...
by michaeljc70
Sat Apr 03, 2021 10:20 pm
Forum: Investing - Theory, News & General
Topic: In what condition, will international significantly overperform US?
Replies: 171
Views: 12846

Re: In what condition, will international significantly overperform US?

Funny how no one seems to ask why should I have bonds since US stocks significantly outperform bonds. Certainly bonds have under performed international stocks but you don't hear about people getting rid of them due to under performance very much. Of course, I understand the correlation between US s...
by michaeljc70
Fri Apr 02, 2021 7:36 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29784

Re: 4% rule disputed (Again??!!)

Seems there's a cult-like subculture on Bogleheads insisting 4% SWR is too high. Seems to reflect the inherent conservatism of Bogleheads rather than any empirical studies. What empirical studies have been done to demonstrate that 4% has a statistically significant success rate with starting intere...
by michaeljc70
Fri Apr 02, 2021 7:06 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29784

Re: 4% rule disputed (Again??!!)

Seems there's a cult-like subculture on Bogleheads insisting 4% SWR is too high. Seems to reflect the inherent conservatism of Bogleheads rather than any empirical studies. What empirical studies have been done to demonstrate that 4% has a statistically significant success rate with starting intere...
by michaeljc70
Fri Apr 02, 2021 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9302

Re: Do you trust the current value of your portfolio?

Don’t retire until your assets are sufficient with a conservative asset allocation. If your retirement is “feasible” only under some generous growth assumptions and and aggressive AA, then it’s not really feasible in a trustworthy manner. I decided for me that a 40/60 portfolio AT RETIREMENT will d...