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Hello guys, I am in much need of BH advice. My fiance's mom and dad are in the midst of a nasty divorce..Anyways they currently have a home equity loan in the marital residence and property taxes(obviously). She lives there and he lives with his girlfriend. He has been paying the HELOC and the taxes...

Whats that?I just want to be assured from the mortage broker that if we pay at the settled rate the mortage will be cleared. I will ask tomorrow. Just chomping at the bit!

We talked tonight. They started at 2200 and then dropped it to 1900 saying final offer.

Ok, here is the situation. My future MIL is in the midst of a divorce. She is trying to keep the house, but the bank will not finance here what she needs. She has the means to afford it, but this income cannot be documented or verified and is unacceptable to the bank. On to plan B. She has her fathe...

Is there anything legal that can used against me that I should be worried about? I cant believe in this day and age prudential does not have my records.

Zero records. I know its hard to fathom. I was really young and really stupid. Totally lost track of it and finally over time decided to look into because I wanted to sell. I was getting statements, but they were going to my moms house. She just threw them out.

They dont. That department I guess is closed or something. Already tried calling them.

I purchased 3 stocks roughly around 2005-2006. I sold them last year and just received my 1099. The company I used(prudential securities) transferred my account to a regal securities. I know I took a loss on 3 stocks. I do not know how much, and don't know how to prove it. The statement does not hav...

She wants to pay it off..I read that they can garnish wages also. I have tried to give her advice and help she just now is finally starting to comprehend everything .

Ok, here is the dilemma. My fiancee(i know this will disturb everyone) has CC debt right now around 14k. She only makes 30k a year...Should she just walk away from the CC and default? Or should she someonehow keep on trying to get it down? She only clears 2k a month take home and has expenses of 250...

Punched in her expected refund and it came out with 700$ . Bigger than I thought.

Ok thank you! My little sister made 7k last year. Does she still get the 5600 standard deduction?

I am working on my tax forms currently. Can i deduct my medical expenses if i take the standard deduction? I also had lasik eye surgery this year and everywhere i have read states i can deduct that. Even if it was not needed(well, my vision went from 20/200 to 20/20) or pushed on me for medical reas...

thanks for replies,

Sorry if this sounds stupid. I was mulling this over though and can't seem to get a straight answer. Lets say I take out a mortage(3o yrs) and have to pay 800 a month. 30 years later you are still paying the same 800. According to the inflation calculator 1981-2011 800=1900+. Wouldnt you much better...

cue sscritic.

Whats your current salary that your giving up? Tough to have both sides relying on business $$ initially. Kids?

What are the con's of the target retirement fund if the AA is always accurate for the investor? Why monkey around with the 3 fund?

Damn you know your stuff! Impressive. Thanks, i will let her know the bad news that she is stuck with her own...Alas, her BF at the moment states his benefit at 62 is 1900 a month.,..I find that to be exceptional i know he got laid off from kodak a while back . He must have been cleaning up!

I do not have the benefits in front me. I will when they come in though..(when do they??)...Also, i was wondering like if she was 62 could draw half his PIA and then when she reaches 65 take her full PIA amount. I am guessing her PIA is 1000 and his is 1300. Thanks.

No, she is 59, he is 60..I didnt know if she could use his benefit or something along those lines. I did not think so though.

Hey bogleheads!
I am asking a question relating to my soon to be MIL...she is recently divorced after 38 years, and will turn 62 in 3 years...If her ex husband has a bigger benefit than her and she doesnt re marry can she somehow utilize that?
Thanks again.

Anyone use this? They told me if i spend 250 the first 3 months i get a 200$ statement credit. I sure could use it considering i am going on honeymoon this year!!
Thanks, all info welcome.

had the same thing happened to my cousin....had the famed munder net net fund

good stuff! subscribed!

Anyone watching Blodgett right now on CNBC? He has already said twice how he is going to stick with his index funds...very bogleheadish! Henry, you lurking?

I know I want to help my uncles with this advice but do not want to look like I am prying. I know they both have at least 300k in funds. What a shame.

Thanks for the replies. I have done a lot of research within the last 16 hours and understand the difference. I think vti is the proper move for me. The question I ask myself is how do these other expensive mutual funds get any business? People just not caring or paying attention.

Was just scouring thru scottrade research..

What are the pros and cons of owning VTI verses SPY? Aren't they essentially the same thing. I have an extra 800 dollers and want to put it into my roth and then into a nice stock tracking index.
Thank You!

Thanks for the responses everybody. He had to sell around then in 2008 2009 as his business was just tanking. When you say she didnt get rich off the deal, she picked up over 100k in equity? Not that bad IMO.

with his mom.

Thanks for all the responses...

Its not working out because my sister has a fiancee now. She wants him to move in and it is an awkard situation. There was no written agreement. My mom told me something along the lines of that the lawyer originally had her pegged for "life estate" or something along those lines and my sis...

Fed the trolls?

Ok, another interesting topic/question for the bogleheads.. Approx. a year ago my my parents sold their house to my older sister. I seen my dad work day and night for 22 years that we lived in the house and he always paid the bills..My dad works upwards of 100 hours a week(rest. biz). His business w...

I know that first hand how stocks can crash..my dad became worth over one million from the CSCOs and YHOOs of the world...Now, doesnt have much. Thats why I come here to learn how to properly invest, protect myself, and all that good stuff. This forum is the real deal for financial people. I LOVE IT...

Can a mod switch this other board please?? Thanks...Also thanks for the links provided? One quick question...If i decide to buy the ETF "bond"..Should i put that in roth or regular broker account?
thanks

Right-- A tough situation for me...Thanks for all the serious advice though from everybody really appreciate it. Also, a poster above commented how 15k wasnt a lot of money etc...I understand a lot people here are extremely wealthy , and congrats to those that are. (thats where i want to be). To say...

Just starting out...young investor(26yo)
1500 shares HEK
100 BAC
30 LOGI

What am I doing wrong? I know obviously its weighted wrong and not diversified...BUT in love with HEKS potential...WHat should i get into? And what should i dump in my roth?
30k annual...

Hey everybody-- I am def. reading every response in detail. Just had to respond cause someone said I was trolling :). 1) Those are my assets as of now.....But, I have a family member who gives me about 750 a month to strictly invest in...My job growth isnt good...I had a major setback when i was you...

Hey guys! Just found this site about 3 days ago and am in love with it! I love all the principles involved... Anyways, I have a marriage coming up. I don't want to sound too harsh, but I am always trying to stay proactive and plan for worse case scenarieos... My spouse and I have about the same inco...