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Re: What would you do with 1.25 million dollars for 1 year?

I'd look into putting as much as possible in multiple named accounts to max the FDIC limit at Quorum Credit Union 1.25% 11 month CD.
by Saving$
Thu Mar 26, 2015 9:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: What would you do with 1.25 million dollars for 1 year?
Replies: 39
Views: 3475

Re: Can I Afford This House?

Would normally say no you can't afford it, but after looking at your budget, yes you can afford it with a caveat: My thought process is like this: 1. You need to live in a place you enjoy. Moving is expensive. Your earning power increases over time, while the cost of your mortgage decreases. I happe...
by Saving$
Thu Mar 26, 2015 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I Afford This House?
Replies: 13
Views: 1160

Re: Costco Renewal

Here is the news about the Costco - Visa - Citi deal:
http://www.forbes.com/sites/laurengensl ... -business/
by Saving$
Sun Mar 22, 2015 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Costco Renewal
Replies: 5
Views: 1003

Re: What is the best way to help my Mom?

If your mom has enough income, converting from 401k to Roth will be a taxable event. - If your mom has no income, convert up to the amount that will keep her from paying income tax. You can play around with the tax software to figure out the amount. Unless your mom has earned income (ie W-2 work, no...
by Saving$
Sun Mar 22, 2015 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is the best way to help my Mom?
Replies: 5
Views: 633

Costco Renewal

I've had the Costco Amex for years. Each year, they automatically charge the annual Costco renewal to the Amex. For the first time I can recall, I received a mailing from Costco billing me for the membership renewal. It gives options to pay via my bank account, via the Costco online portal, or in pe...
by Saving$
Sun Mar 22, 2015 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Costco Renewal
Replies: 5
Views: 1003

Re: Online Statement Aggregator (Manilla, Fetch, etc.)

After almost two months of using Finovera to automatically download my billing statements, I can say I am fairly pleased with the service. The site is easy to navigate, and their customer service is decent - they actually follow up on emails. One of my statements did not download, and although it to...
by Saving$
Sun Mar 22, 2015 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online Statement Aggregator (Manilla, Fetch, etc.)
Replies: 3
Views: 747

Re: What Age Did You First Ponder Financial Independence?

sschullo wrote:When I played Monopoly as a ten year old and I bought all of the houses and wiped everybody out. What fun!


+1
by Saving$
Thu Mar 19, 2015 9:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 6653

Re: Quitting my job, and going to school. What to do with my

1. I'd advise you read your mortgage docs rather than calling. Most likely when you signed you agreed that the home would be owner occupied for at least the first 12 months of the mortgage. People who fully intended to meet the requirements of the mortgage have things change. I would however, never ...
by Saving$
Tue Mar 17, 2015 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quitting my job, and going to school. What to do with my $?
Replies: 18
Views: 1504

Re: One Level or Two Level House

When my parents built their retirement home they had intended to build a one story home. Their builder advised them not to go that route. While it is appealing to retirees and perhaps small families, there will be a large segment of the market that it would not appeal to. His advice was to find a p...
by Saving$
Tue Mar 17, 2015 10:03 pm
 
Forum: Personal Consumer Issues
Topic: One Level or Two Level House
Replies: 68
Views: 5581

One Level or Two Level House

As I age, I'm looking to build a house that will work as I get older. Two options 1. Two story house: Living, dining, Kitchen, Master bed & bath and office area on main entrance level, with 2 guest rooms and a guest bath on the upper level 2. One story house: Everything on one level I'm leaning ...
by Saving$
Mon Mar 16, 2015 9:11 pm
 
Forum: Personal Consumer Issues
Topic: One Level or Two Level House
Replies: 68
Views: 5581

Re: Long term care worth it ?

1. Does the policy have a COLA adjustment? If not, what is $150/day going to be worth in 30 or 40 years when you need it? 2. It the yearly premium fixed? If so, this is a great deal - even if you paid it for 40 more years, it would only be $8k. I know of a policy that was discontinued a few years ag...
by Saving$
Sun Mar 15, 2015 1:29 am
 
Forum: Investing - Theory, News & General
Topic: Long term care worth it ?
Replies: 23
Views: 2586

Re: Loaning money to an only child

Do not loan any more than you can easily afford to gift. Your son and DIL can work to pay off what they have borrowed. You cannot borrow to finance your retirement. If you decide you want to gift the money but your DIL will not accept the gift, then take the loan payments and put them in a 529 colle...
by Saving$
Sun Mar 08, 2015 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Loaning money to an only child
Replies: 17
Views: 1408

SS # on check to pay Fed & State taxes?

Did online filing for fed, so amount due will be electronically deducted, but reading the instructions on paper filing, it would be the same issue. Will file state via paper, since it is only a few sheets and saves the $9.99 TaxAct state filing fee. Instructions say to write my social security numbe...
by Saving$
Sun Mar 08, 2015 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS # on check to pay Fed & State taxes?
Replies: 8
Views: 814

Re: Wife tired of saving...

And to the point of Camry vs Lexus, I'll be blunt here but the MPG difference is negligible between the two cars and you're creating a rift in a marriage over whether you guys save $30 a week on a tank of gas. On top of that you make her take a Camry which is uncomfortable (in comparison) when she ...
by Saving$
Thu Mar 05, 2015 1:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 19182

Re: Company Car & Personal Car?

(Would your work insurance cover you when your rent a car during personal travel?) Back when I was single and only had one car with only liability insurance, I maybe rented a car once a year. The cost of adding collision insurance for one week through the rental agency was much less than keeping co...
by Saving$
Thu Mar 05, 2015 12:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Company Car & Personal Car?
Replies: 23
Views: 1129

Re: Well made woman's shoe?

Sesto Meucci and Vaneli make high quality narrow women's shoes.
http://shop.marmishoes.com/all-shoes/narrow.html
by Saving$
Wed Mar 04, 2015 11:44 pm
 
Forum: Personal Consumer Issues
Topic: Well made woman's shoe?
Replies: 27
Views: 2046

Re: why do some people like Fidelity?

1. Because they allow transfer of tIRA pretax account into the Fidelity solo 401k and Vanguard does not. 2. Because they allow Spartan index funds in the solo 401k which have lower ER's than the solo 401k Vanguard funds. V does not allow Admiral shares in solo 401ks. 3. Because they assigned a rep t...
by Saving$
Sat Feb 21, 2015 10:43 am
 
Forum: Investing - Theory, News & General
Topic: why do some people like Fidelity?
Replies: 67
Views: 6889

Re: Poll: How Would You Want Your Estate Divided?

The strict per capita by generation is the fairest. HOWEVER, you need to make sure your will allows for this even if the situation changes. Years ago, I was the beneficiary of a modest (by this boards standards; it was in the four digits) inheritance. The will was written out with the names of the p...
by Saving$
Fri Feb 20, 2015 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: How Would You Want Your Estate Divided?
Replies: 43
Views: 3583

Re: Renting in retirement permanently. (Georgia?)

rents in the Atlanta area are on an upward trajectory predicted to continue well into 2020. Here is an article about rents increased 8% in the last year. http://business.blog.ajc.com/2015/02/20/metro-atlanta-renters-digging-deeper-for-landlords/ No way would I want to rent in my early 60's. Maybe in...
by Saving$
Fri Feb 20, 2015 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Renting in retirement permanently. (Georgia?)
Replies: 9
Views: 1000

Re: Has anyone restored windows?

1. Yes, to answer your question, I have. 2. There is a draft feel from almost all windows. The windows allow more thermal transfer than the nearby wall, so it naturally feels colder near the window, which often feels like a draft. You need to figure out if it is thermal transfer or actual moving in ...
by Saving$
Mon Feb 16, 2015 10:46 pm
 
Forum: Personal Consumer Issues
Topic: Has anyone restored windows?
Replies: 25
Views: 1939

Re: Amica burned me, now what...

You got a bit emotionally attached to Amica insurance. They are not emotionally attached to you; they made an underwriting decision. Yes, their decision may have been based on improper interpretation of the documents, but that is how it goes. If you are otherwise happy with Amica, and plan to upgrad...
by Saving$
Mon Feb 09, 2015 11:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amica burned me, now what...
Replies: 43
Views: 4901

Re: Taking a giant pay cut - what steps to take?

I don't see the problem. You have annual expenses in the $40-$45k range, and your income is dropping to the $100k range. Plus you have 8 months of emergency fund ($25k?) and fully funded HSA and Roth, both of which you can pull from relatively easily (but not replenish) and 401ks. First, suspend con...
by Saving$
Mon Feb 02, 2015 10:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a giant pay cut - what steps to take?
Replies: 26
Views: 2877

Re: Online Statement Aggregator (Manilla, Fetch, etc.)

I've updated the above post to reflect Manilla is no longer available, as well as recent experience with Doxo (unchanged since last time) and Finovera. I've also added a few similar services.
by Saving$
Sat Jan 31, 2015 2:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Online Statement Aggregator (Manilla, Fetch, etc.)
Replies: 3
Views: 747

Re: How to Know You're Saving Enough?

You must increase your 401k to the max allowed. Good job on the Roth; continue to max. Start a taxable savings account and set a goal of saving in that also, maybe $10k/year or a bit more. Looks like your NW includes two cars at combined value of $67k. Not that you cannot afford it, but it is kind o...
by Saving$
Tue Jan 20, 2015 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Know You're Saving Enough?
Replies: 24
Views: 3171

Re: Downside of putting condo in a trust

Downsides: 1. In some states you are no longer eligible for the Homestead exemption on property tax 2. Issues with condo mortgage (if you have one) 3. Technically, the condo association should invoke their rules about non-owner occupied units. The trust is leasing the unit to you. At a minimum the t...
by Saving$
Sun Jan 18, 2015 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Downside of putting condo in a trust
Replies: 29
Views: 2910

Re: Reporter doing story on Turbo Tax Fracas

I don't do interviews, but I left TT over 10 years ago due to their "hidden software" debacle where they must files in a hidden part of your hard drive that stayed there even if you reformatted. Although it did not cause a technical problem, I was offended by their gall, and switched to Ta...
by Saving$
Wed Jan 14, 2015 3:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Reporter doing story on Turbo Tax Fracas
Replies: 52
Views: 7279

Re: Bilingual households

I grew up in a bilingual household and can corroborate the above comments. Apparently before I started preschool, I was fluent (as fluent as a 4-year old can be, that is) in my parents' native language. When I started school, I transitioned quickly to English, and only wanted to speak English. Pare...
by Saving$
Wed Jan 14, 2015 3:41 am
 
Forum: Personal Consumer Issues
Topic: Bilingual households
Replies: 39
Views: 5180

Re: POLL: Homeowners Ins cost $/month per $100k home value?

I'd be paying about double what I am if I had not raised my deductible to over $10k.
by Saving$
Tue Jan 13, 2015 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Homeowners Ins cost $/month per $100k home value?
Replies: 42
Views: 3317

Re: New Const or Renov cost/sf

Thanks for the link. Interesting info. I'm really just trying to get a midrange cost per sf price range. I know adding a 2nd level to an existing structure costs way more per sf than just adding an addition, so there is that difference. The materials matter, but a cost per sf would let you know it i...
by Saving$
Fri Jan 02, 2015 12:10 pm
 
Forum: Personal Consumer Issues
Topic: New Const or Renov cost/sf
Replies: 7
Views: 1068

Re: Am I contributing too much to retirement?

Any space you leave in your tax advantaged accounts is lost forever. So: 1. Contribute to the regular 401k up to the amount to get you back in the 15% tax bracket. 2. Contribute the max allowable to the Roth IRA. You can always take the principal out with no tax consequence, but you can't go back in...
by Saving$
Fri Jan 02, 2015 2:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I contributing too much to retirement?
Replies: 28
Views: 4859

New Const or Renov cost/sf

For those who have either built new or extensively renovated/built an addition recently, what was your cost per sf? Did the addition/renovation include kitchen & bath and/or exterior elements such as roof, siding & window? What part of the country? Hi end, middle or simple finishes? I'm gett...
by Saving$
Fri Jan 02, 2015 1:34 am
 
Forum: Personal Consumer Issues
Topic: New Const or Renov cost/sf
Replies: 7
Views: 1068

Re: LED Flood Light Question (CREE/FEIT/Etc)

I actually just recently earned some Continuing Education credits from a class about the intricacies of various types of LED bulbs. My personal conclusion is a preference for the best lumens to wattage ratio, which I found to be the CREE bulbs.
by Saving$
Thu Dec 25, 2014 7:33 pm
 
Forum: Personal Consumer Issues
Topic: LED Flood Light Question (CREE/FEIT/Etc)
Replies: 28
Views: 3955

Re: Stop contributing to 401k to pay off CC

I would not give up that match unless you have the ability to stop 401k contributions for a few months to pay off the bill then immediately restart and still contribute enough to receive the maximum annual match possible during calendar year 2015. Others have the right idea to try to transfer that ...
by Saving$
Sat Dec 20, 2014 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stop contributing to 401k to pay off CC
Replies: 21
Views: 1380

Online Security with Personal Financial Passwords - KeePass

I have used KeePass PW Manager on a local C drive for all my passwords for 10+ years. This includes all financial PW's so I suppose it is a treasure trove of info. I infrequently copy the file from my C drive to my other computer and to my Android. I would appreciate advice from the Bogleheads who u...
by Saving$
Sat Dec 20, 2014 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online Security with Personal Financial Passwords - KeePass
Replies: 3
Views: 579

Re: International in Taxable - Advantage?

According to the Wiki, http://www.bogleheads.org/wiki/Principles_of_tax-efficient_fund_placement all other things being equal, if you can put your international allocation in taxable, there is a slight advantage. I get that if you have millions even a slight advantage makes a difference. But if you...
by Saving$
Mon Dec 08, 2014 7:06 pm
 
Forum: Investing - Theory, News & General
Topic: International in Taxable - Advantage?
Replies: 8
Views: 1140

Re: Family jewels, kind of.

Don't do it.

If the girlfriend really wants jewelery out of these diamonds, discuss having something make of them for a special anniversary - say 5 or 10 or 20. This puts off the issue and who knows what will happen by then - maybe they will offer them for free.
by Saving$
Mon Dec 08, 2014 5:00 pm
 
Forum: Personal Consumer Issues
Topic: Family jewels, kind of.
Replies: 44
Views: 3487

Re: forumsee.com mirroring Boglehead content. Authorized?

topic .... (I don't want to spell out the entire site for fear of giving them more links...) has been doing this for quite some time. I alerted the mods to it back in August. They are not even directing back here or attributing anything to bogleheads.org, and they post the entire thread on their sit...
by Saving$
Mon Dec 08, 2014 4:45 pm
 
Forum: Forum Issues and Administration
Topic: forumsee.com mirroring Boglehead content. Authorized?
Replies: 14
Views: 3037

Re: Seeking Boglehead advice on new home

On being a LL - yeah, you might get lucky and make a killing if house prices go up. But you might get unlucky and lose out, or just tread water. It might be worth the risk if you could fix things yourself, but since you said you hire everything out, that will cost you. And it is a time sucker you pr...
by Saving$
Tue Nov 25, 2014 11:10 pm
 
Forum: Personal Consumer Issues
Topic: Seeking Boglehead advice on new home
Replies: 28
Views: 3576

Re: Simple Question

Is it in a taxable account?
What is the difference between it's value today, and the value of the day the decedent passed?
by Saving$
Mon Nov 24, 2014 8:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Simple Question
Replies: 3
Views: 395

New Refrig with Icemaker. Filter?

Being the Boglehead that I am, I have never had a refrigerator with any sort of ice maker or water dispenser. When I recently had to replace the refrig, it turned out one with a built in icemaker was on sale for less than the similar model without icemaker. Being the Boglehead that I am, I bought th...
by Saving$
Sat Nov 22, 2014 12:04 pm
 
Forum: Personal Consumer Issues
Topic: New Refrig with Icemaker. Filter?
Replies: 7
Views: 823

Re: getting umbrella insurance

I was asked most of the above (occupation, do I have pool, boat, jetski, snowmobile, dog, etc, am I on a Board of directors) and was also asked if I entertain at home, how many time per year I invite guests to my house, how many guests, do I serve alcohol when I do so, do I know the people I invite,...
by Saving$
Fri Nov 21, 2014 12:23 am
 
Forum: Personal Finance (Not Investing)
Topic: getting umbrella insurance
Replies: 25
Views: 1614

Re: Tax Gain Harvesting - Charity / Gift to family

It means he is subject to the kiddie tax. He has a standard deduction of $1050, and the next $1050 of investment income (dividends and capital gains, and interest if he has a bank account) is taxed at his own rate, but anything beyond that is taxed at his parents' rate, likely 15%. If you gift him ...
by Saving$
Fri Nov 21, 2014 12:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting - Charity / Gift to family
Replies: 16
Views: 1631

Re: [Should I] rent out [my] house [for a 3-day event]?

In general, I would not do this. HOWEVER, for a few of my neighbors, I might. It would need to be a neighbor I totally trust. - This is not at all suspicious. The neighbor has family visiting, and wants the family to be able to stay directly next door rather than 1/4 mile away, or 1 - 2 miles away i...
by Saving$
Mon Nov 17, 2014 6:30 pm
 
Forum: Personal Consumer Issues
Topic: [Should I] rent out [my] house [for a 3-day event]?
Replies: 68
Views: 7217

Re: Not qualified for my job - what to do?

There are two things you need -
a) understand the facts
b) lead the team in the correct path

Google is the great equalizer for understanding the facts. Your outside consultants and others can help you understand which facts apply. Then you take the info and lead the team.
by Saving$
Sat Nov 15, 2014 1:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Not qualified for my job - what to do?
Replies: 42
Views: 5653

Re: Not qualified for my job - what to do?

All of us work with plenty of other people every day who have no idea what they are doing, and are not qualified for their jobs. The ones who pretend they know how to do something are the worst. The ones who admit that the outside consultant may know more, that others have something to offer, who li...
by Saving$
Sat Nov 15, 2014 1:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Not qualified for my job - what to do?
Replies: 42
Views: 5653

Re: Dealing with pressure for "social donations" at work

Any chance that this is not actually a for real thing? How do you know that the money collected is actually going to the employees, as opposed to being pocketed by the person collecting the money? Or 10% goes to the employees, 90 to the collector? Sure it would be blatant, but if someone came up wi...
by Saving$
Sat Nov 15, 2014 1:15 am
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 181
Views: 16903

Re: 36 y.o. New at investing, am I in too much debt?

Ruralavalon gave good advice but I would change two things: In my opinion next year do not do a Roth, backdoor or otherwise. In my opinion don't take a new loan from anyplace, even your 403b. My idea on best order of priorities for 2015 (and later) is still this: 1) do not incur any more debt; 2) co...
by Saving$
Sat Nov 15, 2014 12:27 am
 
Forum: Investing - Help with Personal Investments
Topic: 36 y.o. New at investing, am I in too much debt?
Replies: 63
Views: 6927

Re: Late medicare enrollment if you switch from insurance

It appears the only way you can avoid the Part B and Part D penalty is either by enrolling at 65 or, if you don't enroll, if you are continuously employed and are covered by your employers group policy, for which you can obtain a "credible coverage" letter.
by Saving$
Wed Nov 12, 2014 11:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late medicare enrollment if you switch from insurance
Replies: 10
Views: 1162

Re: Confused by Wiki Advice on HSA Spending

I don't understand the examples that are like "pay expense from HSA, contribute that amount to 401k." What? I understand the examples where you contribute the money to a Roth IRA, but I don't understand how paying medical expenses from your HSA has anything to do with contributing to a 40...
by Saving$
Tue Nov 11, 2014 11:15 pm
 
Forum: Investing - Theory, News & General
Topic: Confused by Wiki Advice on HSA Spending
Replies: 26
Views: 3336
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