Search found 3634 matches

by MikeG62
Tue Apr 13, 2021 8:13 am
Forum: Personal Investments
Topic: Fidelity pushing deferred annuity
Replies: 14
Views: 1312

Re: Fidelity pushing deferred annuity

...A few weeks ago I was talking to a NetBenefits rep, and they set me up with a local Fidelity "Financial Consustant". Today was our third conversation, and I was ready to implement. He didn't seem much interested in what I tried to say, and was pushing Fixed Annuities with a 3yr 1.75% g...
by MikeG62
Mon Apr 12, 2021 8:08 am
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3359

Re: Would you preemptively replace your Roof

Call 3 reputable licensed roofing contractors for an estimate and professional evaluation of the roof. Ask an expert. j🌺 Is asking a roofing contractor for a professional evaluation of your roof the same as asking a barber if you need a haircut? This is what I probably will do, but feel like you (i...
by MikeG62
Sun Apr 11, 2021 11:00 am
Forum: Personal Investments
Topic: too much in munis?
Replies: 11
Views: 1107

Re: too much in munis?

Due to need for a significant proportion of net worth in taxable, and high tax bracket, i have a significant amt in Munis (intermediate term). Is there any incremental risk to this (outside of performance) compared to total bond? (default risk, etc.) What is a significant amount (expressed as a % o...
by MikeG62
Sun Apr 11, 2021 10:52 am
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3359

Would (did) you preemptively replace your Roof Shingles

If your roof is nearing the end of it's estimated useful life, would you (have you) preemptively replace(d) it? Seems risky to wait for it to fail and run the risk of incurring additional expenses relating to fixing the damage from the failure. Some seem to suggest damage would be covered by insuran...
by MikeG62
Fri Apr 09, 2021 8:30 am
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 60
Views: 4911

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

It was our general purpose CC for many years up until about a year ago (switched over to BofA's Premium Rewards CC with 2.625% cash back). Never really had any problems with it and would still be using it if not for the BofA card.
by MikeG62
Sun Apr 04, 2021 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Should I opt for deferred compensation ? seeking advise
Replies: 31
Views: 3082

Re: Should I opt for deferred compensation ? seeking advise

My company offers deferred compensation for my position. doing what if scenarios with deferred comp. percentages. Seeking advise from Bogleheads. Thanks in advance. There have been a number of threads on this topic. Here is one (with a link to a few others) which you might find informative. https:/...
by MikeG62
Sun Apr 04, 2021 7:21 am
Forum: Personal Consumer Issues
Topic: Repair or Replace 2003 Toyota Corolla
Replies: 67
Views: 5621

Re: Repair or Replace 2003 Toyota Corolla

Dear Bogleheads, I would like to seek your help in making a decision, especially from those who know cars well. I have a 2003 Toyota Corolla with 136,000 miles. This is my only car. I was planning to buy a new car at the end of the year and give Corolla to my daughter early next year when she turns...
by MikeG62
Sun Apr 04, 2021 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Any reason to file taxes before May 17?
Replies: 34
Views: 3627

Re: Any reason to file taxes before May 17?

sailaway wrote: Sat Apr 03, 2021 9:37 pm 1) it is done and you don't forget

You can file and arrange payment for a later date if you do so electronically.
^This
by MikeG62
Fri Apr 02, 2021 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9180

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

I have to work for probably another 10 years for that kind of conservatism. At this time, I really want to get out if my portfolio is accurately reflecting its value regarding retirement. What are you assuming for an annual withdrawal rate? In my mind, that is key. For example, if you were planning...
by MikeG62
Fri Apr 02, 2021 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9180

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

I am ridiculously conservative and discount our net worth around 50%. We could get by on a 1-2% withdrawal rate. I have to work for probably another 10 years for that kind of conservatism. At this time, I really want to get out if my portfolio is accurately reflecting its value regarding retirement...
by MikeG62
Fri Apr 02, 2021 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Why do I owe so much in Taxes?
Replies: 55
Views: 6750

Re: Why do I owe so much in Taxes?

When I worked, my W4 was married filing jointly plus an additional $750 each paycheck (bi-monthly). If I did not pay the additional amount, I would find myself in a similar situation to you. Just because you file as single zero does not mean enough is being withheld from your paycheck. You've got wh...
by MikeG62
Fri Apr 02, 2021 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9180

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

I am ridiculously conservative and discount our net worth around 50%. We could get by on a 1-2% withdrawal rate. I have to work for probably another 10 years for that kind of conservatism. At this time, I really want to get out if my portfolio is accurately reflecting its value regarding retirement...
by MikeG62
Wed Mar 31, 2021 8:41 am
Forum: Personal Consumer Issues
Topic: TV size question
Replies: 105
Views: 5794

Re: TV size question

We went with a 77" LG OLED 4K for our family room back in Nov of 2020. TV is around 12' from the closest seating. Quality of image is "incredible" - even the upconverted standard HD feed. Can stand within 5' of the TV and the image still looks amazing. When researching 4K TV's, the co...
by MikeG62
Mon Mar 29, 2021 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 790
Views: 175997

Re: Bank of America/Merrill Edge - Preferred Rewards

I’m new to the Merrill Edge /Bank of America ecosystem and opened accounts to get Preferred Rewards / Platinum Honors and a bonus. I notice that my Merrill Edge and BofA accounts both suggest linking the online accounts, but I have not done this yet. Is this (i) necessary/helpful to qualify for Pre...
by MikeG62
Mon Mar 29, 2021 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Retiring at 54
Replies: 66
Views: 12360

Re: Retiring at 54

I have to ask, what was it like when you first realized you don't have to constantly watch e-mails and stress about deals (or cases), practice development, office politics, etc. I have to believe the feeling is going to be amazing. No more Sundays doing work in the evening (like tonight) to make su...
by MikeG62
Sat Mar 27, 2021 12:21 pm
Forum: Personal Investments
Topic: Where to park cash ??
Replies: 6
Views: 816

Re: Where to park cash ??

Hello friends, I am fortunate to be sitting on $400K in cash in my bank money market account earning a paltry 0.15 - 0.2%. Looking at the current landscape - stocks at or near all-time high, real estate bubble forming, bond yields low and interest rate in the gutter.... I don't see a lot of good op...
by MikeG62
Fri Mar 26, 2021 10:30 pm
Forum: Personal Investments
Topic: Question to current retirees
Replies: 14
Views: 2123

Re: Question to current retirees

You might find this thread interesting (including my response therein):

viewtopic.php?f=2&t=300739&p=4956067#p4956067
by MikeG62
Fri Mar 26, 2021 11:35 am
Forum: Personal Investments
Topic: What are best online banks for IRA CDs?
Replies: 7
Views: 720

Re: What are best online banks for IRA CDs?

My advice would be to check Deposit Accounts and see if anyone is offering anything compelling. According to Deposit Accounts, Democracy FCU offers API = 1.51% on 12-month CDs. I qualify based on my residence location but have been reluctant to open an account in an additional institution. Victoria...
by MikeG62
Fri Mar 26, 2021 10:08 am
Forum: Personal Investments
Topic: Any place better than Marcus (.5%) to park money?
Replies: 25
Views: 2629

Re: Any place better than Marcus (.5%) to park money?

As far as I can tell Marcus has the highest online savings account rate, does anyone have a better place to park money? Thanks! Nothing materially better. If you are willing to jump through some hoops, you might pick up a slightly better rate, but given the amount of money you are likely to have in...
by MikeG62
Fri Mar 26, 2021 9:52 am
Forum: Personal Investments
Topic: What are best online banks for IRA CDs?
Replies: 7
Views: 720

Re: What are best online banks for IRA CDs?

Does anyone have IRA rollover funds in CDs in an online bank that they would recommend? I am looking for good rates and a good reputation for service. Yes I do. However, what is best depends on the current rate offerings. So for example, I have IRA CD's at three different credit unions (all opened ...
by MikeG62
Fri Mar 26, 2021 9:39 am
Forum: Personal Investments
Topic: Why, just why?! (American Century proposal)
Replies: 32
Views: 3505

Re: Why, just why?! (American Century proposal)

Creating complication makes the service seem necessary. +1. It also handcuffs you to these funds (at least in taxable accounts). Same issue with SMA offerings from brokers like Fidelity. OP, you can assemble virtually the same portfolio using ultra low cost ETF’s. If you want financial planning ser...
by MikeG62
Fri Mar 26, 2021 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I stay or should I go?
Replies: 47
Views: 4766

Re: Should I stay or should I go?

Agree with those who have said financially you are fine (assuming the $140K annual spend includes everything you want to spend in retirement - and not just what you spend now/pre-retirement).

The question is, are you ready mentally/emotionally to retire? Only you can determine that.
by MikeG62
Thu Mar 25, 2021 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Private Client solicitation
Replies: 18
Views: 3791

Re: Chase Private Client solicitation

CPC sounds great! Do you have a promotional brochure so we can actually see the fine print. They don’t show it online anywhere and when I called the local branch they kept pushing me to the Private Client Advisor discussion who wouldn’t be in until next week and telling me how great it was with no ...
by MikeG62
Thu Mar 25, 2021 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Trouble with TurboTax/Vanguard interface
Replies: 3
Views: 224

Re: Trouble with TurboTax/Vanguard interface

It worked fine for me. This was a few weeks ago.
by MikeG62
Wed Mar 24, 2021 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America Preferred Rewards vs. Wealth Management
Replies: 61
Views: 26049

Re: Bank of America Preferred Rewards vs. Wealth Management

yeah it did happen automatically. After my average balance was over 250k for rolling three months (or whatever the specific requirement was) then I figured the auto bump happened a couple weeks or month after that. That's interesting. My rolling balance is over $250k and has been for about 3 weeks,...
by MikeG62
Tue Mar 23, 2021 4:43 pm
Forum: Investing - Theory, News & General
Topic: Ally Bank Removed Online Early Withdrawal From No-Penalty CDs
Replies: 142
Views: 13898

Re: Ally Bank Removed Online Early Withdrawal From No-Penalty CDs

Just redeemed a no penalty CD with Ally. It took longer than I thought, about 15-20 minutes on the phone. They asked why I was closing the CD. The Ally rep said the transfer would take 1-2 days to show in my account. Does that sound right? I wanted to transfer the funds out today. Francis When you ...
by MikeG62
Sun Mar 21, 2021 6:21 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17569

Re: ACA subsidy cliff now going away! Yay!

Question for the people here: We live in NJ and have a bronze plan. Spouse got unemployment during 2021. How do I update my coverage under "Get Covered New Jersey" to 1) potentially get a better plan (maybe silver or some plan that has HSA eligible) 2) notify insurance company or NJ that ...
by MikeG62
Sat Mar 20, 2021 10:41 am
Forum: Personal Consumer Issues
Topic: Mercedes GLE vs Volvo XC90
Replies: 13
Views: 1503

Re: Mercedes GLE vs Volvo XC90

I am looking at the Mercedes GLE 350 and the Volvo XC90 Momentum T6. It looks like I can lease the Mercedes for $975/month (which seems expensive to me) and the Volvo for under $700. Both are sign and drive deals. I like the Mercedes marginally more and am trying to justify the price. I considered ...
by MikeG62
Wed Mar 17, 2021 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Any long term early retirees here?
Replies: 41
Views: 6601

Re: Any long term early retirees here?

...And of course, the market has done well in that time period. That will skew a lot of the answers as well. That's a good point. OP should look to posts from 2008-2010 from those who retired in 2007 or shortly before and see how they felt at that time (assuming he can find them). I'm sure glad I w...
by MikeG62
Wed Mar 17, 2021 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 418
Views: 20888

Re: Long Term Care Insurance

Most people don't buy long-term care insurance because they are concerned about a need that might arise 30 years from now. They are concerned about a need that might arise 10 years from now. Wow, You mentioned slightly upthread that "In most states a 55-year old COUPLE could share over $1.5MM ...
by MikeG62
Wed Mar 17, 2021 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Resolved: Turbo Tax Muni Tax Exempt Interest Issue on State Return
Replies: 8
Views: 628

Re: Turbo Tax Muni Tax Exempt Interest Issue on State Return

Thank you all for your replies! You were all on the right track. I was able to resolve the issue. Here are the details for the record, if anyone searches for this issue in the future: The issue is caused when you try to make changes to the states to which you assign the tax exempt income on the 109...
by MikeG62
Wed Mar 17, 2021 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Any long term early retirees here?
Replies: 41
Views: 6601

Re: Any long term early retirees here?

There seems to be a lot of recent early retirees due to FIRE etc. But not a lot that aren't recent. Anyone able to share what their experience has been like, what they eould have done differently and how they have fared etc.? I early retired at 53 in early 2016 (DW was a SAHM so effectively retired...
by MikeG62
Wed Mar 17, 2021 7:16 am
Forum: Personal Consumer Issues
Topic: Network flaw allows SMS hijacking
Replies: 26
Views: 2078

Re: 2FA and other account security

Is50xenough, this risk assumes the bad actor also has your login in credentials right? So it's not solely that intercepting the text will expose you to fraud. Two things have to occur. Please correct me if I'm wrong.
by MikeG62
Wed Mar 17, 2021 7:12 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17569

Re: ACA subsidy cliff now going away! Yay!

Mike-- Any incurred expenses that have applied toward your deductible and out-of-pocket limits will not carry over to your new plan . This is true even if you switch between plans within the ACA system. Key is date of service, not date processed, so take a look at your YTD medical care to see if th...
by MikeG62
Tue Mar 16, 2021 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Resolved: Turbo Tax Muni Tax Exempt Interest Issue on State Return
Replies: 8
Views: 628

Re: Turbo Tax Muni Tax Exempt Interest Issue on State Return

I think the issue is in the Federal section. Go back through the interview questions with regard to the tax exempt interest. There should be a section which allows you to indicate the amount applicable to your home state (and therefore the amount not applicable to your home state and therefor taxabl...
by MikeG62
Tue Mar 16, 2021 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17569

Re: ACA subsidy cliff now going away! Yay!

But maybe only if you bought thru the marketplace originally? Many buy directly from a provider if they don't qualify for subsidies anyway. However, if they open enrollment now, they could immediately switch over... Premium tax credits can be calculated monthly, but only apply to policies bought th...
by MikeG62
Tue Mar 16, 2021 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17569

Re: ACA subsidy cliff now going away! Yay!

But maybe only if you bought thru the marketplace originally? Many buy directly from a provider if they don't qualify for subsidies anyway. However, if they open enrollment now, they could immediately switch over... Premium tax credits can be calculated monthly, but only apply to policies bought th...
by MikeG62
Tue Mar 16, 2021 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America Preferred Rewards vs. Wealth Management
Replies: 61
Views: 26049

Re: Bank of America Preferred Rewards vs. Wealth Management

Easy Rhino wrote: Tue Mar 16, 2021 8:24 am The 75 percent. Which makes their premium rewards card one of the best cards in my wallet
Right, but you get that with only $100K at Merrill Edge. Does not require wealth management.
by MikeG62
Tue Mar 16, 2021 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America Preferred Rewards vs. Wealth Management
Replies: 61
Views: 26049

Re: Bank of America Preferred Rewards vs. Wealth Management

Easy Rhino wrote: Mon Mar 15, 2021 11:24 pm Yes, I've had free trades and a bump in my credit card rewards for a few years now.
Was the bump a 75% uplift to the standard level award of something more?
by MikeG62
Tue Mar 16, 2021 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 418
Views: 20888

Re: Long Term Care Insurance

My wife and I discussed LTC insurance, and consulted with my BIL, who sold Genworth policies. Eventually, we just decided to self-insure . Back to my BIL and sister. They both had top-of-the-line Genworth policies that they held for 20-something years. My BIL used his for two weeks before he died. ...
by MikeG62
Sun Mar 14, 2021 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Question on renewing Marcus CD
Replies: 11
Views: 934

Re: Question on renewing Marcus CD

Hi all, I have a Marcus CD coming due. It's currently a 1-year CD but I want to move to a 7-month No-Penalty CD. But ... I can't figure out how to do this on their website! The only renewal options available seem to be to change the duration/close the CD/change the balance. No option for the No-Pen...
by MikeG62
Sun Mar 14, 2021 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Question on renewing Marcus CD
Replies: 11
Views: 934

Re: Question on renewing Marcus CD

Hi all, I have a Marcus CD coming due. It's currently a 1-year CD but I want to move to a 7-month No-Penalty CD. But ... I can't figure out how to do this on their website! The only renewal options available seem to be to change the duration/close the CD/change the balance. No option for the No-Pen...
by MikeG62
Sun Mar 14, 2021 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Question on renewing Marcus CD
Replies: 11
Views: 934

Re: Question on renewing Marcus CD

Hi all, I have a Marcus CD coming due. It's currently a 1-year CD but I want to move to a 7-month No-Penalty CD. But ... I can't figure out how to do this on their website! The only renewal options available seem to be to change the duration/close the CD/change the balance. No option for the No-Pen...
by MikeG62
Sun Mar 14, 2021 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 418
Views: 20888

Re: Long Term Care Insurance

My parents have/had LTC insurance through Genworth. They paid ~$,9000 per month for my Dad for about 2 years before his passing. Genworth is now honoring LTC claims of ~$7,000 per month now for my Mom, who is in good physical health. My wife and I each have LTC policies with Genworth with premiums ...
by MikeG62
Sat Mar 13, 2021 7:00 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17569

Re: ACA subsidy cliff now going away! Yay!

Yes, I recall reading that it does. Cool. I couldn't find it in the act (you can download a pdf here--https://www.congress.gov/bill/117th-congress/house-bill/1319/text). There are some COBRA-related provisions, but I could not find a new open enrollment period for everyone. The act is 242 pages and...
by MikeG62
Fri Mar 12, 2021 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17569

Re: ACA subsidy cliff now going away! Yay!

I buy directly from my insurer. It seems I will now need to enroll through Healthcare.gov (or maybe BCBS can move me over within their system)? Policy is identical to marketplace plan. Perhaps I should give this a week for other people to plow this path first rather than being the guinea pig. Does ...
by MikeG62
Fri Mar 12, 2021 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17569

Re: ACA subsidy cliff now going away! Yay!

But maybe only if you bought thru the marketplace originally? Many buy directly from a provider if they don't qualify for subsidies anyway. However, if they open enrollment now, they could immediately switch over... Premium tax credits can be calculated monthly, but only apply to policies bought th...
by MikeG62
Fri Mar 12, 2021 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Medical insurance for out-of-state college student
Replies: 12
Views: 758

Re: Medical insurance for out-of-state college student

We bought health insurance through the university. It was by far the cheapest option for us to insure her (for college kids don’t get sick much and as a result are in a very low risk pool).
by MikeG62
Fri Mar 12, 2021 10:52 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17569

Re: ACA subsidy cliff now going away! Yay!

I buy directly from my insurer. It seems I will now need to enroll through Healthcare.gov (or maybe BCBS can move me over within their system)? Policy is identical to marketplace plan. Perhaps I should give this a week for other people to plow this path first rather than being the guinea pig. Does ...
by MikeG62
Fri Mar 12, 2021 9:39 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 155
Views: 17569

Re: ACA subsidy cliff now going away! Yay!

But maybe only if you bought thru the marketplace originally? Many buy directly from a provider if they don't qualify for subsidies anyway. However, if they open enrollment now, they could immediately switch over... Premium tax credits can be calculated monthly, but only apply to policies bought th...