Search found 601 matches

Return to advanced search

Re: 50 K Credit Card Debt - any suggestions?

Consolidate the debts if possible by transferring the balances to a new card with a lower interest rate. Then cut up all the old cards, except the oldest one, and close those accounts. He should keep the oldest account open because doing otherwise will really hurt his credit score, which probably is...
by Rupert
Fri Mar 27, 2015 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: 50 K Credit Card Debt - any suggestions?
Replies: 5
Views: 573

Re: Saving for baby

I think it's quite common these days for married couples who married after establishing careers to maintain separate financial accounts. It's so normal among my peers that having joint accounts is in my mind somewhat old-fashioned. My family uses separate accounts, and it works quite well for us. Of...
by Rupert
Wed Mar 25, 2015 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Saving for baby
Replies: 16
Views: 1751

Re: Are simple Ira contributions taxed?

Just for clarification, when you say they reduce the state and federal tax, do I still pay the taxes initially and get a tax deduction at the end of the year? Or is that money placed into the simple Ira pretax (with the exception of social security/Medicare)? No, you do not pay the taxes initially ...
by Rupert
Wed Mar 25, 2015 9:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Are simple Ira contributions taxed?
Replies: 4
Views: 342

Re: 401(k) Plan Administrator Career Path

Rupert, You have summed up my request nicely. I was curious on the best career path to learn the nuances involved with being a plan administrator for the corporation that is offering the 401(k) to it's employees. I would assume in this position you would have the ability to act with a fiduciary res...
by Rupert
Tue Mar 24, 2015 10:55 am
 
Forum: Investing - Theory, News & General
Topic: 401(k) Plan Administrator Career Path
Replies: 7
Views: 947

Re: 401(k) Plan Administrator Career Path

I understood OP to be asking if he could work for a plan sponsor (i.e., the employer who offers a 401k or similar plan) as plan administrator. The "plan administator" is usually the employer company. There's usually a person in HR who actually handles the paperwork, but that person is not ...
by Rupert
Tue Mar 24, 2015 9:36 am
 
Forum: Investing - Theory, News & General
Topic: 401(k) Plan Administrator Career Path
Replies: 7
Views: 947

Re: Regular contributions to taxable

This will quickly make me unbalanced, so in my tax-advantaged accounts, I set up an automated exchange to move the excess funds from TSM and TISM to bonds. This keeps my overall balance correct. How unbalanced do you allow the accounts to get from market fluctuations? We used to try to keep all the...
by Rupert
Mon Mar 23, 2015 2:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Regular contributions to taxable
Replies: 10
Views: 1263

Re: Calling all concrete experts (replacing old driveway)

You guys have given me some great questions to ask, including how the new driveway, if poured over the old, will be tied into the street and how thick a slab each contractor plans to pour. I know absolutely nothing about concrete so even the most basic suggestions are welcome.
by Rupert
Sun Mar 22, 2015 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Calling all concrete experts (replacing old driveway)
Replies: 15
Views: 1622

Re: Calling all concrete experts (replacing old driveway)

Site prep is a very big part of a good concrete job. What is under the existing runners? If the existing runners are cracked or uneven, then it is unlikely that adequate preparation was done, and it would be worthwhile to pull them up and properly prepare the site before pouring. Proper preparation...
by Rupert
Sun Mar 22, 2015 4:36 pm
 
Forum: Personal Consumer Issues
Topic: Calling all concrete experts (replacing old driveway)
Replies: 15
Views: 1622

Calling all concrete experts (replacing old driveway)

I own a 1920s bungalow that still has what looks to be the original concrete runner driveway. I am currently getting bids to replace the driveway with concrete slabs. The first contractor I consulted advises demolishing and removing the existing concrete runners and starting fresh. The second contra...
by Rupert
Sun Mar 22, 2015 1:04 pm
 
Forum: Personal Consumer Issues
Topic: Calling all concrete experts (replacing old driveway)
Replies: 15
Views: 1622

Re: Benefit of coverdell in my case

Is she going to be in private school for the duration? If so, I might earmark Coverdell funds to pay for private high school. That will give the money invested over the next few years enough time to grow a little. I might invest it in something like an investment grade intermediate term bond fund. I...
by Rupert
Sun Mar 22, 2015 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Benefit of coverdell in my case
Replies: 4
Views: 374

Re: Roth IRA MAGI and Taxes

If you were close to the Roth IRA phase-out last year, don't make a lump-sum contribution at the start of the year this year. Wait until you've prepared your 2015 taxes and then make your 2015 Roth contribution closer to the April 15, 2016, deadline. But if you do mistakenly over-contribute, there ...
by Rupert
Fri Mar 20, 2015 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA MAGI and Taxes
Replies: 27
Views: 1532

Re: Any situations car leasing makes sense?

Although I haven't reached this point myself, I do believe it is possible to become so rich that leasing a car makes perfect sense. You never have to hassle with the maintenance issues of older cars, and the few thousands (or even few tens of thousands, depending on the car) of dollars that you &quo...
by Rupert
Fri Mar 20, 2015 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any situations car leasing makes sense?
Replies: 63
Views: 5040

Re: Roth IRA MAGI and Taxes

If you were close to the Roth IRA phase-out last year, don't make a lump-sum contribution at the start of the year this year. Wait until you've prepared your 2015 taxes and then make your 2015 Roth contribution closer to the April 15, 2016, deadline. But if you do mistakenly over-contribute, there a...
by Rupert
Fri Mar 20, 2015 11:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA MAGI and Taxes
Replies: 27
Views: 1532

Re: Tankless Hot Water Heaters

I'd like to add one comment about the new energy-efficient storage heaters: The federal regulations that take effect next month have greatly increased the energy efficiency of these water heaters, but, of course, at a cost. The new heaters are more expensive. Not as expensive as tankless systems, bu...
by Rupert
Fri Mar 20, 2015 9:47 am
 
Forum: Personal Consumer Issues
Topic: Tankless Hot Water Heaters
Replies: 29
Views: 2512

Re: Exploring the Florida Keys

You're going during the height of spring break; so secluded areas will be few and far between. Also, the drive down will likely be bumper to bumper. So brace yourself for that. From Key West, take a ferry to explore the Dry Tortugas. Do you fish? If so, you'll be in fisherman heaven. There are lots ...
by Rupert
Fri Mar 20, 2015 9:32 am
 
Forum: Personal Consumer Issues
Topic: Exploring the Florida Keys
Replies: 22
Views: 1995

Re: Do you have and auto loan?

One of our two cars has a loan on it. I don't see anything wrong with getting a loan for 0-2%. I would rather not disturb my taxable investments and get a low interest loan than have to deal with realizing gains that I don't want to do at the time for the sake of avoiding low interest amounts. A 0%...
by Rupert
Thu Mar 19, 2015 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] Do you have an auto loan?
Replies: 70
Views: 3976

Re: Tankless Hit Water Heaters

Tankless water heaters will never recoup the much higher upfront cost over a standing pilot gas storage heater with energy savings (esp. with the low cost of N.A. natural gas). They have much more complex controls and repairs are expensive. Also, as was mentioned, the "rate of rise" in te...
by Rupert
Thu Mar 19, 2015 12:58 pm
 
Forum: Personal Consumer Issues
Topic: Tankless Hot Water Heaters
Replies: 29
Views: 2512

Re: 32, New to investing, No retirement fund, Advice Please

OP, a couple of questions: First, does your employer offer a retirement plan, either a defined benefit plan such as a pension or a defined contribution plan such as a 401(k) or 403(b) plan? Second, is your existing IRA at Fidelity a traditional IRA or a Roth IRA? Stay away from Edward Jones and the ...
by Rupert
Thu Mar 19, 2015 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: 32, New to investing, No retirement fund, Advice Please
Replies: 24
Views: 1867

Re: 74% of car loans are subprime.

NPR had a story about car loans this morning. I only caught part of it, but the gist seemed to be that people are routinely taking out 7 and 8-year car notes. Bank/finance company representatives said (I'm paraphrasing all quotations in this comment), "This is great. Cars are more expensive bec...
by Rupert
Thu Mar 19, 2015 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: 74% of car loans are subprime.
Replies: 29
Views: 2016

Re: The BIG question Regarding Home Loan

Given the very real possibility that you might sell or renovate this property in the near future, it makes even less sense for you to plow additional money into paying down the mortgage. You should be conservatively investing that extra money for the downpayment on the new home (or for the extra fur...
by Rupert
Thu Mar 19, 2015 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: The BIG question Regarding Home Loan
Replies: 14
Views: 2363

Re: State 529 Plan - How much to contribute?

That said, once you have your retirement set up, I do not see any value in having your kids in debt at graduation. It is not like they cannot overconsume with debt, nor does debt make people frugal. Based on the people I know with loans, it seems to teach that big expenses should be put on credit. ...
by Rupert
Wed Mar 18, 2015 2:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: State 529 Plan - How much to contribute?
Replies: 32
Views: 2462

Re: Pemera Blue Cross Hacked

I have taken to saying this every time one of these events is reported in this forum: Everyone's identity has been stolen. Some of you just don't know it yet. Freeze your credit. There is absolutely nothing else you can do to protect yourself short of living off the grid in a van down by the river. ...
by Rupert
Wed Mar 18, 2015 11:03 am
 
Forum: Personal Consumer Issues
Topic: Pemera Blue Cross Hacked
Replies: 5
Views: 441

Re: 403b Question

It would also be helpful for you to list the available vendors. One of them might be better than the others. For example, TIAA-CREF is often a choice in teacher 403(b) plans, and they are an okay vendor.
by Rupert
Wed Mar 18, 2015 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: 403b Question
Replies: 26
Views: 1863

Re: What's a good digital antenna?

Here's advice from Consumer Reports: http://www.consumerreports.org/cro/news/2009/02/dtv-tips-choosing-and-using-an-antenna/index.htm We used the link in the article to see how close our home was to local stations Based on this information, I bought the cheapest rabbit ears antenna I could find ($9...
by Rupert
Tue Mar 17, 2015 1:41 pm
 
Forum: Personal Consumer Issues
Topic: What's a good digital antenna?
Replies: 28
Views: 2105

Re: House Foundation Cracks, No big deal or RUN!

You need to have a structural engineer inspect it BEFORE you buy. +1. Foundation repairs can be super expensive. Just because it's normal for the neighborhood doesn't mean you should buy the house. The whole neighborhood could be sinking into the ground. Run, don't walk, away from that. I'm surpris...
by Rupert
Tue Mar 17, 2015 12:39 pm
 
Forum: Personal Consumer Issues
Topic: House Foundation Cracks, No big deal or RUN!
Replies: 24
Views: 2778

Re: Term Life Insurance...

I'm a software developer, so as long as I have some sight and at least one finger, I should be alright. What are normal disability clauses that I should be looking for? But what if an accident damages your brain? One good eye and a finger won't help much. Disability insurance first. Then life insur...
by Rupert
Thu Mar 12, 2015 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance...
Replies: 6
Views: 363

Re: FSA Deadline looming in 3 days. How to use?

Why in the world do you put $2500/year in your FSA if you're relatively healthy? Anyway, new eyeglasses? Prescription sunglasses? I assume your Lasik suggestion was a joke since you can't possibly schedule a Lasik procedure in 3 days. You might be able to schedule a teeth bleaching in that time thou...
by Rupert
Wed Mar 11, 2015 1:59 pm
 
Forum: Personal Consumer Issues
Topic: FSA Deadline looming in 3 days. How to use?
Replies: 7
Views: 631

Re: Son had fraudulent tax return submitted

Today, my son got a letter from the IRS about his 2014 return, a return he never filed. He is 19 yo. The letter says to do the following if we suspect that the return was fraudulent: Submit a form 14039, Identity Theft Affidavit - will do The other recommended actions don't seem as necessary: Notif...
by Rupert
Tue Mar 10, 2015 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Son had fraudulent tax return submitted
Replies: 9
Views: 1403

Re: Is this identity theft or just random fraud?

I would worry that it is identity theft. I suppose they could pick a number and hope it would go through, but I wouldn't bet on it. First, I would go to https://www.annualcreditreport.com/index.action and look up the child"s report at all three cos. I would try to freeze the childs credit repo...
by Rupert
Mon Mar 09, 2015 4:25 pm
 
Forum: Personal Consumer Issues
Topic: Is this identity theft or just random fraud?
Replies: 16
Views: 1812

Re: Home workouts and motivation

Walk one hour per day, four to five days per week (more if the weather is nice and you feel well). Too many people do workouts that are unsustainable long-term and they burn out. I always wondered if just brisk walking is enough exercise for most. I know it is much better than nothing, but do you r...
by Rupert
Mon Mar 09, 2015 11:50 am
 
Forum: Personal Consumer Issues
Topic: Home workouts and motivation
Replies: 60
Views: 2832

Re: East Coast Beach Trip This Summer - Family of 5

Rupert, there were red flags up some of the days in Gulf Shores warning us not to swim...is this the case on the East Coast?[/quote] Every beach has red flags from time to time, due to riptides, jellyfish and sharks in the area, etc. You're not going to be able to plan for that if you're planning in...
by Rupert
Fri Mar 06, 2015 5:09 pm
 
Forum: Personal Consumer Issues
Topic: East Coast Beach Trip This Summer - Family of 5
Replies: 20
Views: 1190

Re: East Coast Beach Trip This Summer - Family of 5

The waves are generally going to be much rougher on the Atlantic Coast than on the Gulf Coast, unless there's a storm in the Gulf. So if you thought the waves were too rough at Gulf Shores, you might want to reconsider an Atlantic Coast beach. Have you considered one of the towns on Hwy 30A on the F...
by Rupert
Fri Mar 06, 2015 4:51 pm
 
Forum: Personal Consumer Issues
Topic: East Coast Beach Trip This Summer - Family of 5
Replies: 20
Views: 1190

Re: Some questions on Nolo Willmaker

Those trust and guardianship provisions don't kick in unless your spouse does not survive you. So, no, don't list your spouse as the trustee/guardian. If your spouse survives you, your child inherits nothing.
by Rupert
Fri Mar 06, 2015 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Some questions on Nolo Willmaker
Replies: 1
Views: 256

Re: Anyone with experience adding insulation to an older hom

How old of a home are you talking about? If your house is 100 years old, the advice you receive will be very different than the advice you receive for a, say, 30 year old home.
by Rupert
Wed Mar 04, 2015 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone with experience adding insulation to an older home?
Replies: 15
Views: 978

Re: Paris France help/suggestions for women

You've gotten some good advice. The only advice I would add is tell them to pay particular attention to how they dress and where/how they consult their maps and guidebooks. American tourists often stick out like sore thumbs in European cities because of what they wear and are easily targeted as a re...
by Rupert
Wed Mar 04, 2015 10:23 am
 
Forum: Personal Consumer Issues
Topic: Paris France help/suggestions for women
Replies: 22
Views: 1626

Re: Opening a 529 - in own name or kid?

I'm not sure a minor can directly own a 529 account, as minors generally cannot directly own investment and bank accounts. Also, you do not want a minor to own the account as a student's own assets count more for FAFSA purposes than do a parent's assets. Edited to add this: A final reason I wouldn't...
by Rupert
Fri Feb 27, 2015 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opening a 529 - in own name or kid?
Replies: 8
Views: 736

Re: New or Used Honda Odyssey

It might technically be possible to squeeze three seats across in your present car, but I would never do that. It's important to me that my two kids not be able to easily reach each other in the car. Trouble ensues when they can. But seriously, the Honda Odyssey is a great car. I would marry mine if...
by Rupert
Wed Feb 25, 2015 5:11 pm
 
Forum: Personal Consumer Issues
Topic: New or Used Honda Odyssey
Replies: 20
Views: 1061

Re: New or Used Honda Odyssey

Wait until the end of the model year (August/Sept) and buy a new 2015 model. Honda will likely offer some incentives around that time that will lower the price enough for it to make even less sense to buy used. Does the 2012 model have the blind spot camera on the passenger side mirror? That would b...
by Rupert
Wed Feb 25, 2015 11:57 am
 
Forum: Personal Consumer Issues
Topic: New or Used Honda Odyssey
Replies: 20
Views: 1061

Re: Ideas of where to relocate

I think there is quite good hiking in Cuba, actually. But if you're seriously open to the idea of Alabama, you might also consider a little town called Trussville right outside Birmingham. It has an independent public school system, separate from the Birmingham/Jefferson County system, that is consi...
by Rupert
Wed Feb 25, 2015 10:46 am
 
Forum: Personal Consumer Issues
Topic: Ideas of where to relocate
Replies: 32
Views: 2574

Re: Ideas of where to relocate

When most people say they like to hike, they generally mean they like to hike in the mountains/hills. You're not going to find many hiking opportunities south of the Appalachian foothills. So that rules out Florida and, frankly, most of the Deep South except the northern counties of Alabama and Geor...
by Rupert
Wed Feb 25, 2015 9:33 am
 
Forum: Personal Consumer Issues
Topic: Ideas of where to relocate
Replies: 32
Views: 2574

Re: Convert 401(k) investor shares to admiral shares?

No, you can't purchase Admiral shares in a 401(k) unless your 401(k) plan offers admiral shares. You should consider lobbying your employer to offer Admiral shares. There's a case pending in the US Supreme Court that may influence your employer's decision . . .
by Rupert
Mon Feb 23, 2015 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert 401(k) investor shares to admiral shares?
Replies: 4
Views: 227

Re: Who's going to Disney this summer?

Even at those prices, the Disney parks are packed all the time. You have to make restaurant reservations in most Disney parks 6 months in advance these days. Imagine how crowded it would be if it weren't so expensive.
by Rupert
Mon Feb 23, 2015 10:24 am
 
Forum: Personal Consumer Issues
Topic: Who's going to Disney this summer?
Replies: 84
Views: 5105

Re: Car Accident Question

With this kind of event, the best thing to do is to report it to the ins co. I wouldn't be surprised to find out that the uninsured OP discovered some time later an injury that he/she says was due to the accident. Your policy requires you to report an accident if you wish to be covered for liabilit...
by Rupert
Mon Feb 23, 2015 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Car Accident Question
Replies: 27
Views: 1477

Re: Are banks required to deposit third party endorsed check

My bank won't accept third-party checks either. I'm pretty sure that is standard practice nowadays. Why don't you call your insurance company and ask them to reissue the check to the correct person? They may ask you to return the first check to them first.
by Rupert
Fri Feb 20, 2015 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are banks required to deposit third party endorsed checks?
Replies: 52
Views: 2874

Re: Selling older home with old knob and tube wiring

I wouldn't replace it. I'd just disclose it and lower the sale price. I'd get three quotes from electricians first, just so I'd be in a better position to negotiate during the sale process. I live in a historic neighborhood where every house for miles around has or has had knob and tube wiring. It's...
by Rupert
Thu Feb 19, 2015 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling older home with old knob and tube wiring
Replies: 34
Views: 2721

Re: Check with wrong name - how to deposit

I'd prefer to know right away that the check will clear. Handing it to a teller does that. Depositing it in a ATM doesn't, and they might question and reject a deposit at an ATM more readily when they can't clear up any questions with the person right there. Handing it to a teller does not assure t...
by Rupert
Fri Feb 13, 2015 10:14 am
 
Forum: Personal Consumer Issues
Topic: Check with wrong name - how to deposit
Replies: 21
Views: 1778

Re: Check with wrong name - how to deposit

I used to process checks in a bank proof department. The only person at the bank who ever looks at the name on the check is the teller who initially receives it. Once you get past him or her, it's all about the numbers on the check, specifically the numbers encoded in magnetic ink.
by Rupert
Fri Feb 13, 2015 9:36 am
 
Forum: Personal Consumer Issues
Topic: Check with wrong name - how to deposit
Replies: 21
Views: 1778

Re: Attempting to increase retirement contributions by 5%.

I strongly disagree with the folks who have said drop your life insurance. You buy insurance when you're young and healthy. Who knows what illness might strike you in a few years (or a bus, for that matter)? I do think you can save on your wireless bill. My family did so, perversely, by adding addit...
by Rupert
Wed Feb 11, 2015 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 25
Views: 1949

Re: Rejected from disability insurance

I have a similar medical condition. Unfortunately, all the previous posters are correct. Your husband will likely have a shorter working life as a result of his disease. That's just how the numbers shake out. Biologics sometimes stop working for people, even after many successful years on them. His ...
by Rupert
Mon Feb 09, 2015 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Rejected from disability insurance
Replies: 18
Views: 1933

Re: TurboTax turns off all state efiling to prevent fraud

If you have given your Vanguard password to Turbotax for purposes of downloading your information into your tax returns, change your password today. This is one of the reasons I manually transfer the data. Yes it's a major pain in the rear and maybe I'm being overly paranoid but I'm just not comfor...
by Rupert
Fri Feb 06, 2015 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax Fraud? [TurboTax Turns Off All State E-Filing]
Replies: 67
Views: 3327
Next

Return to advanced search