Search found 98 matches

by DocInColo
Sat Mar 13, 2021 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bank account suggestions
Replies: 24
Views: 2062

Re: Bank account suggestions

Do you really need another bank? Most of us don’t have all that much in bank deposits. You and spouse are insured for at least $500,000. Gill Yes we have 100k in ally and concerned about putting so much in just one bank. So we want to keep 50% in another as a just in case back up. I posted on this ...
by DocInColo
Fri Mar 12, 2021 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services - minimum sensible size of assets.
Replies: 25
Views: 2452

Re: Vanguard Trust Services - minimum sensible size of assets.

Hi all Can anyone suggest their views a minimum estate size at which enlisting Vanguard as a trustee makes sense? Looking for a 'floor size' at which it does (1M, 3M, 5M, 9M, 12M etc.) and don't want to be off by order of magnitude after my passing. Also how do we initiate this with Vanguard so the...
by DocInColo
Fri Mar 12, 2021 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Going to grad school, help for a good financial transition?
Replies: 7
Views: 427

Re: Going to grad school, help for a good financial transition?

Finding it difficult to discern what you need? Do you need more cash reserves? In this case it's easy: get rid of expensive car. A phd is difficult enough, I wouldn't stress over funding retirements, but if you have some left over, contribute.... Man, yeah, I've been thinking about the car. I would...
by DocInColo
Fri Mar 12, 2021 10:12 am
Forum: Personal Consumer Issues
Topic: iPad for reviewing documents, and what size?
Replies: 27
Views: 1502

Re: iPad for reviewing documents, and what size?

Part of my work involves reviewing medical records in PDF format. I was thinking of picking up an iPad to make it easier/more comfortable, rather than trying to read them on a desktop computer. Anyone use their iPad for something similar, and if so, what size did you get? The 12.9 seems a little un...
by DocInColo
Fri Mar 12, 2021 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with a necessary future move?
Replies: 11
Views: 676

Re: Buying a house with a necessary future move?

Currently as a renter, the housing market in my area continues to explode. The current location of our rental isn’t in the desired school district and that’s ok this year with online education but next year we want to be in the school district of choice. We are considering a house purchase for our ...
by DocInColo
Fri Mar 12, 2021 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel earthquake insurance?
Replies: 37
Views: 3177

Re: Should I cancel earthquake insurance?

You should shop around. Is $1800 a year the total HO coverage or just the earthquake component? If the latter, that seems very, very expensive. Your area is on a fault line. I personally wouldn't want to go without the coverage if I lived where you do.
by DocInColo
Fri Mar 12, 2021 9:48 am
Forum: Personal Consumer Issues
Topic: iPad for reviewing documents, and what size?
Replies: 27
Views: 1502

Re: iPad for reviewing documents, and what size?

Part of my work involves reviewing medical records in PDF format. I was thinking of picking up an iPad to make it easier/more comfortable, rather than trying to read them on a desktop computer. Anyone use their iPad for something similar, and if so, what size did you get? The 12.9 seems a little un...
by DocInColo
Thu Mar 11, 2021 8:37 am
Forum: Personal Consumer Issues
Topic: iPad for reviewing documents, and what size?
Replies: 27
Views: 1502

iPad for reviewing documents, and what size?

Part of my work involves reviewing medical records in PDF format. I was thinking of picking up an iPad to make it easier/more comfortable, rather than trying to read them on a desktop computer. Anyone use their iPad for something similar, and if so, what size did you get? The 12.9 seems a little unw...
by DocInColo
Mon Mar 01, 2021 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finances and Minimalism
Replies: 52
Views: 5948

Re: Personal Finances and Minimalism

Come on. As long as you don't get carried away, it's not THAT complicated to have multiple bank accounts, brokerage accounts, & credit cards. Most people wind up with a few of each due to sign up bonuses, or happenstance, or just the way things historically play out. And then eventually, you fi...
by DocInColo
Mon Mar 01, 2021 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finances and Minimalism
Replies: 52
Views: 5948

Re: Personal Finances and Minimalism

I have moved toward financial simplicity over the past few years (despite my innate optimizer personality): -One bank -One broker (CMA here acts as a back-up checking account) -One mutual fund -One credit card used (admittedly, we do have two sock-drawer cards that could be used in travel or emerge...
by DocInColo
Mon Mar 01, 2021 3:12 pm
Forum: Personal Consumer Issues
Topic: Airpods Pro vs competitors?
Replies: 20
Views: 1651

Re: Airpods Pro vs competitors?

EarPods or AirPods will never sound as good as around the ear headphones. They are nice and convenient for throwing in to make calls or when going for a run... until the battery dies. That is the biggest weakness of their small size. Mine lasted two years until they wouldn’t hold a charge and now th...
by DocInColo
Mon Mar 01, 2021 3:03 pm
Forum: Personal Consumer Issues
Topic: Should I buy this 4Runner with my current situation?
Replies: 46
Views: 3429

Re: Should I buy this 4Runner with my current situation?

I’d drive a 4Runner before you buy one. They are really a niche vehicle for people who need the serious off-road capabilities, or want to give the impression that they do. They are very popular in Colorado with folks in the latter group. We were looking at them until we test drove a couple. They don...
by DocInColo
Sun Feb 28, 2021 9:04 pm
Forum: Personal Investments
Topic: 28 & 29 Year Old Looking for Investment Advice
Replies: 26
Views: 2377

Re: 28 & 29 Year Old Looking for Investment Advice

Max get TRADITIONAL 401k (not Roth) ($19.5k/year). Your tax bracket is too high in my opinion not to max this and do traditional contributions. Use the Fidelity funds in her 401k. I’d probably just use the 500 index. Max both his and her Roth IRA. Move his IRA to someplace like Fidelity, Schwab or ...
by DocInColo
Sun Feb 28, 2021 8:56 pm
Forum: Personal Consumer Issues
Topic: How much do you spend nightly for hotels (leisure/vacation)?
Replies: 213
Views: 12903

Re: How much do you spend nightly for hotels (leisure/vacation)?

We haven’t stayed in a hotel on vacation in quite a while, especially internationally. It’s all VRBO (often the same properties as Airbnb but less fees). We love having a place to ourselves and are not a resort family, so we don’t need all of the hotel amenities. The sweet spot for us seems to be $1...
by DocInColo
Sun Feb 28, 2021 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Article: HS personal finance class using real money and Boglehead principles
Replies: 2
Views: 412

Re: Article: HS personal finance class using real money and Boglehead principles

Just ran across this and thought it would bring you warm fuzzies: https://www.marketwatch.com/story/how-one-high-school-is-teaching-hundreds-of-students-to-become-millionaires-2019-05-03 What an excellent program! This is awesome! I hope the idea takes off. Schools need to do more to give kids a ba...
by DocInColo
Sun Feb 28, 2021 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finances and Minimalism
Replies: 52
Views: 5948

Re: Personal Finances and Minimalism

I guess if companies stop accepting cash, a different mitigation method would be required During this pandemic, many places required payment with credit card only, and would not accept cash. 🤯 I think the pandemic has finally made us think about how gross paper money is. :( who knows where that one...
by DocInColo
Sun Feb 28, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finances and Minimalism
Replies: 52
Views: 5948

Re: Personal Finances and Minimalism

An example of #1 is with credit cards. We carry multiple credit cards to take advantage of various cash back offerings and other rewards for certain spending categories. Another example would be our solo 401k vendor which we only use for that account because our primary broker's plan is suboptimal....
by DocInColo
Sun Feb 28, 2021 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finances and Minimalism
Replies: 52
Views: 5948

Re: Personal Finances and Minimalism

I’ve struggled with trying to simplify everything while not wanting to have all the eggs in one basket. For example, I’d like to have all my cash at one bank, but don’t want the risk of a single point of failure. How much cash do you have? Does that happen often for you? Hasn’t happened yet but tha...
by DocInColo
Sun Feb 28, 2021 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finances and Minimalism
Replies: 52
Views: 5948

Re: Personal Finances and Minimalism

I’ve struggled with trying to simplify everything while not wanting to have all the eggs in one basket. For example, I’d like to have all my cash at one bank, but don’t want the risk of a single point of failure. How much cash do you have? How often do banks fail in your part of the world? Not nece...
by DocInColo
Sat Feb 27, 2021 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finances and Minimalism
Replies: 52
Views: 5948

Personal Finances and Minimalism

The thread on minimalism was fascinating and a great read. I thought it would be interesting to hear the perspectives of financial minimalists or wannabe financial minimalists like myself. I’ve struggled with trying to simplify everything while not wanting to have all the eggs in one basket. For exa...
by DocInColo
Sat Feb 27, 2021 7:02 pm
Forum: Personal Consumer Issues
Topic: Airport lounges
Replies: 24
Views: 3207

Re: Airport lounges

I wouldn’t get a premium card for the lounge access. Lounges are not what they used to be, especially domestic lounges. Things seem nice now because less people are flying during COVID but wait until things open back up... Ever since all of the premium cards started giving people priority pass acces...
by DocInColo
Sat Feb 20, 2021 7:09 pm
Forum: Personal Investments
Topic: Portfolio Review and Advice on Possible House Purchase
Replies: 15
Views: 1389

Re: Portfolio Review and Advice on Possible House Purchase

For 1. I work from home, so this won't change post pandemic. I think for us it has really been some wants regarding bigger bathrooms, and a need for more space as my wife and I both utilize a small spare bedroom as an office which is right near a bathroom and steps away from our kids rooms. 2. I co...
by DocInColo
Sat Feb 20, 2021 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Unrecognized charge from COLOADTEST.com
Replies: 49
Views: 8275

Re: Unrecognized charge from COLOADTEST.com

I am sure banks/cc companies lose millions if not billions of dollars to fraud every year but something as simple as having a PIN could prevent 95% of it. PIN attacks two sources of fraud (a) stolen credit cards which have not yet been reported as stolen, (b) cloned cards used at merchants with mag...
by DocInColo
Sat Feb 20, 2021 3:36 pm
Forum: Personal Consumer Issues
Topic: Email - Gmail or iCloud and does it matter?
Replies: 18
Views: 2012

Email - Gmail or iCloud and does it matter?

Longtime gmail user, but all my devices are Apple. I know google makes its money on user data, but Gmail is by far the most ubiquitous and user friendly personal email service. Google hasn’t updated the Gmail app on iOS and I’ve read it’s because they don’t want to disclose the privacy data that App...
by DocInColo
Sat Feb 20, 2021 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Unrecognized charge from COLOADTEST.com
Replies: 49
Views: 8275

Re: Unrecognized charge from COLOADTEST.com

Cheez-It Guy wrote: Sat Feb 20, 2021 12:38 pm We have signature!
:D It's always embarrassing in Europe when they have to print out a receipt for you to sign from their table-side credit card machines because our technology is so antiquated.
by DocInColo
Sat Feb 20, 2021 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Unrecognized charge from COLOADTEST.com
Replies: 49
Views: 8275

Re: Unrecognized charge from COLOADTEST.com

It still baffles me that in 2021 we don't have some sort of credit card PIN system in the US. I am sure banks/cc companies lose millions if not billions of dollars to fraud every year but something as simple as having a PIN could prevent 95% of it.
by DocInColo
Sat Feb 20, 2021 10:16 am
Forum: Personal Consumer Issues
Topic: Fraudulent Auto Insurance Opened in My Name
Replies: 36
Views: 2852

Re: Fraudulent Auto Insurance Opened in My Name

One problem is if they opened this to make some sort of fraudulent claim. If a claim is made, and its your info on the policy, that's going to follow you every time you renew and probably affect your rates. Yes, I had wondered about the same thing, and I’m glad that I’m not alone. I got hung up on ...
by DocInColo
Sat Feb 20, 2021 9:59 am
Forum: Personal Consumer Issues
Topic: Any Minimalists on here?
Replies: 300
Views: 30627

Re: Any Minimalists on here?

I'm curious for the minimalists on this thread, do you translate that simplicity into your finances, and if so, how? There are always discussions about people opening accounts to chase bonuses or having multiple credit cards to optimize rewards, etc. which seems to be the polar opposite of simplicit...
by DocInColo
Sat Feb 20, 2021 9:48 am
Forum: Personal Consumer Issues
Topic: Anyone upgrade from iPhone XS to 12 Mini?
Replies: 7
Views: 484

Re: Anyone upgrade from iPhone XS to 12 Mini?

Curious who else made the switch from an XS to the mini and what you thought. The biggest advantage for me is the size and weight. I go running frequently, and it makes a world of difference having a lighter phone that doesn't bounce around my front pocket like a giant slab of metal. Is the differe...
by DocInColo
Sat Feb 20, 2021 9:40 am
Forum: Personal Investments
Topic: Portfolio Review and Advice on Possible House Purchase
Replies: 15
Views: 1389

Re: Portfolio Review and Advice on Possible House Purchase

Looking for advice- we are looking at houses since my wife and I both work from home and are outgrowing our house with our growing family. Houses in our area are going way over ask and a house that will work for our growing family and give us the space we need/want is around $600-$650K, which seems...
by DocInColo
Sat Feb 20, 2021 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Are there benefits of local lender? (Jumbo Mortgage Loan)
Replies: 5
Views: 628

Re: Are there benefits of local lender? (Jumbo Mortgage Loan)

Been hunting for a house for quite some time and finally (hopefully) found one. We were pre-approved by a local bank a while back for a jumbo loan, and we used this pre-approval along with our offer. The loan officer here is local, familiar with our market, and has been beyond helpful - with severa...
by DocInColo
Sat Feb 20, 2021 9:12 am
Forum: Personal Consumer Issues
Topic: Amazon Firestick vs. Roku
Replies: 72
Views: 4407

Re: Amazon Firestick vs. Roku

We bought the cheapest fire stick and I probably won't buy another. It is extremely slow, which isn't entirely surprising given its size and price, but it can be frustrating when it freezes or takes a long time to load Netflix. That is a great point. We have both the standard unit and the 4K unit. ...
by DocInColo
Sat Feb 20, 2021 9:10 am
Forum: Personal Consumer Issues
Topic: Anyone upgrade from iPhone XS to 12 Mini?
Replies: 7
Views: 484

Anyone upgrade from iPhone XS to 12 Mini?

Is it worth upgrading from a perfectly good XS to the 12 mini? I had an iPhone 8 and went to a refurb XS about a year ago. I like the OLED screen, liked Face ID (pre-pandemic), the camera, etc. but the size and weight I don't like. I mainly use my phone for messaging and calls. Even with larger hand...
by DocInColo
Sat Feb 20, 2021 8:52 am
Forum: Personal Consumer Issues
Topic: Fraudulent Auto Insurance Opened in My Name
Replies: 36
Views: 2852

Re: Fraudulent Auto Insurance Opened in My Name

One problem is if they opened this to make some sort of fraudulent claim. If a claim is made, and its your info on the policy, that's going to follow you every time you renew and probably affect your rates. That's also odd that Geico would let someone pay for a policy with a pre-paid card...
by DocInColo
Sat Feb 20, 2021 8:50 am
Forum: Personal Consumer Issues
Topic: Amazon Firestick vs. Roku
Replies: 72
Views: 4407

Re: Amazon Firestick vs. Roku

We bought the cheapest fire stick and I probably won't buy another. It is extremely slow, which isn't entirely surprising given its size and price, but it can be frustrating when it freezes or takes a long time to load Netflix.
by DocInColo
Sat Feb 20, 2021 8:48 am
Forum: Personal Consumer Issues
Topic: Summer vacation in Colorado
Replies: 28
Views: 2642

Re: Summer vacation in Colorado

If you're trying to get out of the heat, don't expect it to be significantly cooler on the front range. Boulder/Denver get hot in the summer and there is a lot of sun (which makes it feel a lot warmer too) Look up in Aspen, Vail, Breckenridge, etc. Lots to do in the mountains in the summer.
by DocInColo
Tue Feb 02, 2021 8:36 am
Forum: Personal Investments
Topic: Help me add value and/or small cap...
Replies: 3
Views: 303

Help me add value and/or small cap...

I have constructed a 3 fund portfolio across all of our accounts. We are 90 stock / 10 bond in the accumulation phase with decades until retirement. We are around 70 domestic / 30 international on the equities and all domestic on the fixed income. I am well aware that past performance is no indicato...
by DocInColo
Sun Jan 31, 2021 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Direct deposit my salary into my wife's acct, does that protect against future lawsuits?
Replies: 37
Views: 3934

Re: Direct deposit my salary into my wife's acct, does that protect against future lawsuits?

Proactive deposit of my direct deposit salary into my wife's acct, does that offer protection against future lawsuits and collections? In a medical field with high lawsuit percentage and I'm just trying to figure out different ways to protect my assets. Obviously assuming no chance of future divorc...
by DocInColo
Sat Jan 30, 2021 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: How do you pay your taxes? Check or EFTPS?
Replies: 80
Views: 4914

Re: How do you pay your taxes? Check or EFTPS?

One thing to be aware of with EFTPS is you can't change the joint taxpayer or contact information online after the account is set up. That requires phoning the IRS. Normally I'd say that's an excellent security feature except IRS doesn't answer the phone now. Does it matter if you file MFJ but don'...
by DocInColo
Sat Jan 30, 2021 11:13 am
Forum: Personal Finance (Not Investing)
Topic: How do you pay your taxes? Check or EFTPS?
Replies: 80
Views: 4914

Re: How do you pay your taxes? Check or EFTPS?

One thing to be aware of with EFTPS is you can't change the joint taxpayer or contact information online after the account is set up. That requires phoning the IRS. Normally I'd say that's an excellent security feature except IRS doesn't answer the phone now. Does it matter if you file MFJ but don'...
by DocInColo
Wed Jan 27, 2021 7:06 pm
Forum: Personal Investments
Topic: Dollar Cost Averaging vs Periodic Investments
Replies: 7
Views: 675

Dollar Cost Averaging vs Periodic Investments

Is there any downside to periodic investing as opposed to dollar cost averaging? For example, if your income fluctuates because you're self employed, but your goal is to put aside Y% of gross income each time you pay yourself (let's say every 2 weeks), is that almost the same as dollar cost averagin...
by DocInColo
Sun Jan 24, 2021 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Securing my accounts, what am I missing?
Replies: 45
Views: 3723

Re: Securing my accounts, what am I missing?

Do you have a reference for liability limitation with no overdraft? Yes, per my bank, if someone stole my debit card or tried to write a check on my checking account, they would only have access to that and no other accounts (savings, money market, etc) because overdraft is disabled. Do you have a ...
by DocInColo
Sun Jan 24, 2021 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Securing my accounts, what am I missing?
Replies: 45
Views: 3723

Re: Securing my accounts, what am I missing?

Thank you for this post and the follow ups. Many of these strategies are new to me. I would also add make sure you turn off any sort of overdraft protection on your accounts. My understanding is that this limits your liability for stolen checks/checking account numbers to whatever is in checking. I...
by DocInColo
Sun Jan 24, 2021 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Securing my accounts, what am I missing?
Replies: 45
Views: 3723

Re: Securing my accounts, what am I missing?

Thank you for this post and the follow ups. Many of these strategies are new to me. I would also add make sure you turn off any sort of overdraft protection on your accounts. My understanding is that this limits your liability for stolen checks/checking account numbers to whatever is in checking. I...
by DocInColo
Sun Jan 24, 2021 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Securing my accounts, what am I missing?
Replies: 45
Views: 3723

Re: Securing my accounts, what am I missing?

Thank you for this post and the follow ups. Many of these strategies are new to me. I would also add make sure you turn off any sort of overdraft protection on your accounts. My understanding is that this limits your liability for stolen checks/checking account numbers to whatever is in checking. I...
by DocInColo
Sun Jan 24, 2021 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Securing my accounts, what am I missing?
Replies: 45
Views: 3723

Re: Securing my accounts, what am I missing?

What is the difference between 1Password and the free Keychain that comes with Mac? The nice thing about Keychain is complete integration without needing any sort of browser plug in. I know 1Password is cross-platform, but I'm all Apple except for work computers, and I'm not going to be logging into...
by DocInColo
Sun Jan 24, 2021 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: What paper records to keep?
Replies: 3
Views: 363

What paper records to keep?

What financial/other records should be kept in paper format? I typically scan everything to the computer and my files are backed up to the cloud as well as a USB drive every few months (just started doing this after reading about it here). That being said, are there any records (other than original ...
by DocInColo
Fri Jan 22, 2021 9:16 am
Forum: Investing - Theory, News & General
Topic: Why Vanguard?
Replies: 77
Views: 7003

Re: Why Vanguard?

The only advantage I see to Vanguard these days is if you use their funds. They have - by far - the worst customer service and tech/website of the big discount brokerages. A lot of people will tell you that's not important because they hardly ever log on or call Vanguard, etc. but just wait until th...
by DocInColo
Mon Jan 18, 2021 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: applying for auto financing at CU AND dealership
Replies: 6
Views: 488

Re: applying for auto financing at CU AND dealership

I always found that dealer financing usually has better rates than banks and CUs unless you have less than stellar credit. They make the money from selling you the car, whereas the bank/CU makes money from the loan interest. I highly doubt you will find an interest rate lower than 0.9%. I would go d...
by DocInColo
Sun Jan 17, 2021 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Use a 3rd Party Bill Pay? (non-business)
Replies: 24
Views: 1498

Re: Anyone Use a 3rd Party Bill Pay? (non-business)

Just out of curiosity, what is the benefit of using a 3p bill paying service? I thought most - if not all - banks have bill pay functionality built in? I use ACH "pull" by logging into the website where I have a bill (utilities, credit card, etc) and just click "Pay" and it withd...