[UCGal]

[quote=CA renter][quote=UCGal]

I had a similar experience (albeit smaller $#’s) with Chase. I’d had a WAMU account which was taken over by Chase. They slowly but surely eliminated all interest and started charging fees. (No grandfathering.) The interest was ridiculously low on our MM account. So low we moved it to the credit union.

The following year we didn’t get a 1099-int. I no longer had online access to get the info since we no longer had accounts there.

They didn’t mail us the 1099.

I called to ask and they said they don’t send them if they paid less than $10 in interest for the year – but that we were still required to report it. That <$10 was the reason I'd changed - same account was getting $30 previously. Banks are slimy.[/quote] We also had the WAMU->Chase experience (and no 1099s for accounts with less than $10/year interest). Haven’t changed because we have a number of accounts there and I generally like the customer service. Have contemplated moving to a credit union, but haven’t yet. How do you like the CU compared to Chase WRT interest rates, customer service, etc.?[/quote]
We had CU prior (had both) – but WAMU/Chase was walking distance. It sucks that we now need to get in a car to do banking. (Thank goodness for the new apps that let you do deposits with your phone.)

I’ve always preferred the CU’s customer service. Rates are crappy – but better than what Chase was offering for the same MM account with over $25k. Now we hold cash at schwab since their bank interest rates are better. I can transfer money between schwab and the credit union with no problem.

The customer service at chase was more annoying – they were pleasant – but we had to go in, in person, each month to have them remove a fee they shouldn’t have charged. (We were above the min. balance.) And my husband had an IRA brokerage account that was close to impossible to pull from there. He wanted to open an IRA CD and was talked into this expensive mutual fund. When he wanted to do a trustee to trustee transfer they ignored written requests. My husband had to sit in their lobby and refuse to move till it was transferred. The VP was trying to move him out the door and he kept asking louder and louder why they weren’t doing the trustee to trustee rollover. Finally they did it. (45 minutes of creating a scene before the VP finally made it happen.)

So… customer service on normal transactions were fine – but they were very reluctant to give up IRA brokerage money and it was an epic fail in customer service for that.

[UCGal]

[quote=SK in CV][quote=UCGal]
Florida doesn’t tax retirement income (SS, pensions, RMDs, etc.)

CA does.

[/quote]

Florida doesn’t have any state income tax. On any kind of income. That’s why so many pro golfers (among other high earners) live there.

CA doesn’t tax SS benefits.[/quote]
I sit corrected. Thanks SK.

[UCGal]

A lot of people relocate in retirement for tax reasons.

Florida doesn’t tax retirement income (SS, pensions, RMDs, etc.)

CA does.

Lots of variability for seniors and taxes by state.

My MIL doesn’t pay state income tax – she’s over 65 so she’s exempt in her state. (Income threshold for seniors is much higher than for sub 65’s.)

Other states don’t charge property tax for seniors.

For me- I’m planning on having my home paid for and will just pay the taxes. CA is a more pleasant enviroment (for me) than Florida or some of the other retiree-friendly tax states.

[UCGal]

[quote=CA renter]Agree with scaredy. Just because someone closes an account, it doesn’t mean that a financial institution should be able to completely delete their accounts or eliminate access to those records.

If particular financial records are supposed to be available for a certain amount of time, then they should be available for that duration, whether the account is open or closed.[/quote]

I had a similar experience (albeit smaller $#’s) with Chase. I’d had a WAMU account which was taken over by Chase. They slowly but surely eliminated all interest and started charging fees. (No grandfathering.) The interest was ridiculously low on our MM account. So low we moved it to the credit union.

The following year we didn’t get a 1099-int. I no longer had online access to get the info since we no longer had accounts there.

They didn’t mail us the 1099.

I called to ask and they said they don’t send them if they paid less than $10 in interest for the year – but that we were still required to report it. That <$10 was the reason I'd changed - same account was getting $30 previously. Banks are slimy.

[UCGal]

[quote=earlyretirement]I don’t keep large amounts in MM’s due to the no FDIC protection but you can easily keep large sums in your Checking or Savings accounts with FDIC protection. Just add on POD beneficiaries to boost the protection beyond the $250,000 limits.[/quote]
Bank money markets have fdic protection. Brokerage money market funds don’t.

I swap money from Schwab brokerage to Schwab Bank if I want the FDIC protection.

I’m not trying to time anything here… no big planned purchases near term so my cash position is in cd’s. I’m trying to just ride my asset allocation -and the litte bit of “spare” cash might get deployed if the market crashes – to buy cheap equities.

I’m not even rebalancing – except on my pre-determined calendar dates (twice a year.)

[UCGal]

My understanding is that memorials on them all were barricaded off (including the WWII one), but the grassy spaces of the mall were still accessible. Fountains were turned off, Lincoln memorial, etc, were barricaded… but the mall itself – between the memorials, was open.

That said – I also read that all permits to use the mall were canceled… so an exception must have been made in this case.

But the entire mall wasn’t “closed” – it is a HUGE space.

Haven’t you guys read about the S.C. guy who’s mowing the mall since the groundskeepers are furloughed… He is able to access the grass.

[UCGal]

I think you’ll probably have better luck finding something that works out, mathematically, with a condo, than a SFR.

I was in the hunt for something similar and targeted North Park, South Park, City Heights, Linda Vista, Clairemont, etc.

Unfortunately, the well maintained places were too expensive, and even the dumps were overpriced considering the work you’d have to put in…. relative to the rents you’d get.

There have been several Piggs who’ve had luck finding units that work for them. flu, AN, spdrun all picked up rentals in the past couple of years.

[UCGal]

A few comments.

I wonder why this is posted in buying/selling real estate. Is it because the drivers name is Lien?

I don’t think this is a liberal or conservative thing.

The bike group were thugs and bear responsibility for starting it. I’m very glad Cruz is in custody.

I’m on the fence whether it’s justifiable to run over people. I go back and firth on that. Mostly I understand the panic Lien felt. But it’s not clearcut to me whether he broke a law in his panic… He might have… Justifiable/understandable as it is.

Miesse was a law breaker for being on a bike without a license. He’s not innocent.

The people who beat Lien and trashed his car should be prosecuted to the fullest extent of the law.

[UCGal]

[quote=no_such_reality][quote=UCGal]Interesting article about GM studying Tesla… both the car and the business paradigm.

http://news.yahoo.com/general-motors-takes-look-under-teslas-hood-194735301–finance.html%5B/quote%5D

You had me excited there for a moment UCGal. Then I saw it’s GM that’s thinking Gen3 and building a $30-$35K volt. I know GM, $35K means $45K and it’s still a glorified Chevy Cavalier.[/quote]
Time to get excited again. Here’s the quote from the article:

Tesla is not standing still. It plans to add the Model X, a crossover derivative of the Model S, in late 2014. And in early 2017, it expects to unveil the first of its so-called Gen 3 models, a new family of battery-powered compacts with a range of 200-plus miles and priced from around $35,000.

I read that as TESLA is introducing a Gen 3 in 2017 that will be around $35k.

The Volt is already out and sells for about $35k. So this would be direct competition with the volt.

And I can’t imagine it would be uglier than the volt. (Which IMO is too ugly to ever own.)

[UCGal]

[quote=The-Shoveler]I really like the Tesla Biz model, but unless pure EV come down in price considerably I think the Hybrid will dominate as they are dropping in price fast in comparison to pure EV’s.

IMO I see 3-5 dollar Gas available for a very long time.

And diesel hybrids will start to hit the market big time in the next few years.

when your getting 50-75 miles a gallon, 5 dollar gas does not look so expensive if the car is half the price.[/quote]
I agree. I don’t see myself spending $100k on a car… The article I linked says they’re planning a ‘gen 3’ which will be around $35k around 2017.

[UCGal]

Interesting article about GM studying Tesla… both the car and the business paradigm.

http://news.yahoo.com/general-motors-takes-look-under-teslas-hood-194735301–finance.html

[UCGal]

[quote=paramount]”I want the government to shut down, I want them all to go home, I don’t ever want to see them go back to work, it’s the biggest waste of money in Earth’s history. This is why America is NO LONGER a FREE COUNTRY. It’s over unless we shut down this mammoth machine. SHUT IT ALL DOWN FOR GOOD!”[/quote]

You have this in quotes. Who are you quoting? I have no idea if this is your statement – or not.

But to clarify – It’s not just sending federal workers home.
* It’s WIC (formula and milk for low income children)
* It’s IRS call centers (which are pretty busy right now because if you filed for extension – that deadline is 10/15.)
* It’s VA call centers. And applications for VA disability are on hold.
* The NIH has halted research.
* It looks like if you’re a green card applicant – your visa app is on hold, even though the clock is still ticking on your application. (I work with several VERY concerned folks.)
* New applications for small business loans aren’t being accepted.
* Locally – Miramar air base is shutting down the commissary, the day care, the youth sports programs, etc. This impacts a lot of families in San Diego. I would imagine it’s similar at North Island.

[UCGal]

[quote=njtosd]According to Zillow it’s in foreclosure – did you know that already?[/quote]
Prop tax records indicate it’s bank owned.

The actual foreclosure doesn’t show on redfin – but the older listing (pre-June ’13) showed it was a short sale (in/out of contingency status).

It looks like a nice house – but some of the comments on Redfin (by agents who’ve seen it) indicate it might have some wear/tear on the inside.

[UCGal]

Ok – I feel stupid now. Didn’t pick up on the fact it was an address in the subject line.

In the immortal words of Homer…
Doh!!!!

[UCGal]

Link? Address or street?

[Author]

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