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Re: Joint but still "separate accounts"

My wife and I have a joint checking account and a joint savings that we completely share, all paychecks go into it and all bills come out of it, then we each have a separate checking account that we are technically joint owners of, but we use for our own separate purposes. Each month we each get an ...
by jimmyrules712
Wed Mar 26, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Joint but still "separate accounts"
Replies: 13
Views: 1177

Re: Legal recourse for vehicle sold with undisclosed issues?

Thanks for all the replies. It's generally what I expected to hear. The state is Oklahoma FYI. I fully understand the risk I took when I did not get it inspected. Unfortunately the circumstances made it impossible to get an inspection done (location, my availability, the seller's availability, etc.)...
by jimmyrules712
Wed Mar 26, 2014 9:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Legal recourse for vehicle sold with undisclosed issues?
Replies: 21
Views: 1613

Re: Convince me to get a credit card

I'm sure this has already been mentioned but here you go: 1. Between 1% and 5% cashback on all purchases 2. If your debit card gets stolen your bank account may be drained and it could take a long time to get your money back. If your credit card is stolen the money is stolen from the credit card ban...
by jimmyrules712
Wed Mar 26, 2014 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 93
Views: 4985

Re: Buy Owner's Title Insurance?

I'm not sure how wise it was, but I bought my house without the owner's title insurance. I rationalized it by thinking that the bank was going to initially own 80% of the house and therefore have a strong incentive to make sure there were no outstanding liens, and they have lender's title insurance ...
by jimmyrules712
Wed Mar 26, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy Owner's Title Insurance?
Replies: 11
Views: 994

Legal recourse for vehicle sold with undisclosed issues?

Since this is a relative low dollar issue I'd like to get some opinions before I do anything else. Last week I bought a motorcycle from a private party. I paid $2,500 (the NADA value is between $2,500 and $3,200 retail). The seller verbally stated that the motorcycle had no major mechanical issues. ...
by jimmyrules712
Tue Mar 25, 2014 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Legal recourse for vehicle sold with undisclosed issues?
Replies: 21
Views: 1613

Re: Family vehicle purchase advice

I bought a 2014 ford escape titanium AWD with the 2.0 turbo engine 2 months ago and have no regrets. It's a great vehicle.
by jimmyrules712
Wed Nov 13, 2013 7:59 pm
 
Forum: Personal Consumer Issues
Topic: Family vehicle purchase advice
Replies: 47
Views: 2342

Re: Loosing your ACA subsidy because of Medicaid expansion

... If you are between 100% and 138% and in a state that did expand Medicaid, then does that mean you have a choice of either Medicaid or subsidies? If so, what are the pros/cons of choosing one over the other? It does not mean that. Subsidies are not available to people who are qualified for Medic...
by jimmyrules712
Tue Oct 29, 2013 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Loosing your ACA subsidy because of Medicaid expansion
Replies: 14
Views: 1712

Re: Loosing your ACA subsidy because of Medicaid expansion

If your income is between 100% and 138% of FPL I thought you get no subsidy. You can elect to buy an ACA plan and pay full price, but subsidies are between 138% and 400% of FPL, so you get none. You belong on expanded medicaid, but in a state that didn't conform to that, you get nothing, and are pa...
by jimmyrules712
Mon Oct 28, 2013 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Loosing your ACA subsidy because of Medicaid expansion
Replies: 14
Views: 1712

Re: ACA & Medicaid: What if you incorrectly estimated income

Op, I am sorry to hear of your SIL's situation and I am unable to provide any advice, but I just wanted to say that it may make quite the difference depending on her state. Is she in a state that is expanding Medicaid? If not, then the limit is likely much lower than $15,800 and this would be a moo...
by jimmyrules712
Mon Oct 07, 2013 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA & Medicaid: What if you incorrectly estimated income?
Replies: 20
Views: 2149

Re: ACA & Medicaid: What if you incorrectly estimated income

She doesn't have a 401k available to her. So I guess we're back to the original question. What's going to happen if she estimates her income to be $15,000 (like it appears to be this year) and gets covered by Medicaid but ends up making $16,000 which is over the limit? Does she pay some kind of pena...
by jimmyrules712
Mon Oct 07, 2013 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA & Medicaid: What if you incorrectly estimated income?
Replies: 20
Views: 2149

ACA & Medicaid: What if you incorrectly estimated income?

My sister in law made $15,000 last year. The new 2014 cutoff for Medicaid is $15,800. Her income is a bit variable (she has an hourly job) so while she should qualify for Medicaid next year there is a possibility that at the end of the year she will have made too much. I know this can be fixed by ma...
by jimmyrules712
Mon Oct 07, 2013 4:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACA & Medicaid: What if you incorrectly estimated income?
Replies: 20
Views: 2149

Re: 2014 ACA Question, Medicaid or Subsidy for My In-laws?

I'm fully aware of what will qualify them for Medicaid, and it does appear that subsidies are available as well for their income level. As I stated in my OP my main question is can they qualify for federal subsidies for the first 4.5 months, then on april 15th cancel that insurance for the rest of ...
by jimmyrules712
Sun Oct 06, 2013 5:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2014 ACA Question, Medicaid or Subsidy for My In-laws?
Replies: 17
Views: 1385

Re: 2014 ACA Question, Medicaid or Subsidy for My In-laws?

I'm fully aware of what will qualify them for Medicaid, and it does appear that subsidies are available as well for their income level. As I stated in my OP my main question is can they qualify for federal subsidies for the first 4.5 months, then on april 15th cancel that insurance for the rest of t...
by jimmyrules712
Sat Oct 05, 2013 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: 2014 ACA Question, Medicaid or Subsidy for My In-laws?
Replies: 17
Views: 1385

Re: 2014 ACA Question, Medicaid or Subsidy for My In-laws?

I've read on multiple sources (such as http://en.m.wikipedia.org/wiki/Patient_Protection_and_Affordable_Care_Act) that the federal subsidies start at 100% of the poverty level. Not 138%, which is what Medicaid is being expanded to. So that seems to mean that those with incomes between 100% and 138% ...
by jimmyrules712
Sat Oct 05, 2013 1:20 am
 
Forum: Personal Finance (Not Investing)
Topic: 2014 ACA Question, Medicaid or Subsidy for My In-laws?
Replies: 17
Views: 1385

2014 ACA Question, Medicaid or Subsidy for My In-laws?

My understanding of the ACA is that people who make above 100% of the poverty line (and below 400%) are eligible for federal subsidies. Additionally people who make up to 138% of the poverty line and live in one of the 26 states that is accepting federal funding to expand medicaid can qualify for me...
by jimmyrules712
Fri Oct 04, 2013 11:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2014 ACA Question, Medicaid or Subsidy for My In-laws?
Replies: 17
Views: 1385

Re: Young Guys [and Gals] Making Good Money

I don't post to brag, just to add a data point. At 22, in 2009, I graduated from a state school with a BS degree in Management Information Systems. Applied for an IT job with an energy company in Oklahoma through the school's career fair and had a job offer 9 months before graduating for a starting ...
by jimmyrules712
Tue Sep 24, 2013 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Young Guys [and Gals] Making Good Money
Replies: 241
Views: 22526

Re: The Perils of Debit Cards

I am so glad that my debit card is at my local credit union and whenever I call them the call is answered by a human being. carolc Would your local credit union have a human being answering the phone at 2am sunday morning? One of the primary reasons I use Ally bank instead of my local credit union ...
by jimmyrules712
Mon Sep 16, 2013 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Perils of Debit Cards
Replies: 14
Views: 2001

Re: Why aren't Car dealers prepared to deal?

I've bought 2 new cars within the last 3 years, one a new chevy sonic (got it for around $16k) and one a new ford escape (spent around $30k). Both times I went on edmunds and built out the car I wanted with my preferred options, then edmunds gave me the invoice an MSRP prices, then edmunds gave me t...
by jimmyrules712
Tue Aug 13, 2013 7:01 pm
 
Forum: Personal Consumer Issues
Topic: Why aren't Car dealers prepared to deal?
Replies: 91
Views: 8689

Re: Pent Fed Platinum Rewards - another way new card is wors

Yes these kinds of things are definite disadvantages of the card. I usually use the visa gift cards to pay my cable, dish, or cell phone bills since I know I won't be doing any returns on those.
by jimmyrules712
Mon Jul 22, 2013 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Pent Fed Platinum Rewards - another way new card is worse
Replies: 19
Views: 1812

Re: Fidelity Credit Cards

Do these Fidelity 2% cards go into ROTH (Post-Tax) or is it considered PRE-TAX? I'm going to crunch the numbers from last years expenses to determine which card would be my best solution. I believe you can direct it into a post tax Roth OR a pre tax IRA OR a cash management account (Fidelity's equi...
by jimmyrules712
Tue Jul 09, 2013 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity Credit Cards
Replies: 44
Views: 5918

Re: Should I do 10% Trad & 10% Roth?

You will get a lot of different opinions on this because future tax rates are not known and what tax bracket you will be in when you retire is not known. With these unknown variables a lot is left up to speculation. My opinion is that it's better to max out traditional 401k whenever you're above the...
by jimmyrules712
Wed Jun 05, 2013 3:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I do 10% Trad & 10% Roth?
Replies: 40
Views: 2488

Re: Book recommendation - budgeting and thriftiness

I can't offer book advise, but I can relate with my situation. After a number of unsuccesful efforts to get our spending regularly within a budget I finally relented and moved all of our *optional* spending to debit cards. Basically we use high rewards credit cards for all spending that is expected ...
by jimmyrules712
Wed Jun 05, 2013 3:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Book recommendation - budgeting and thriftiness
Replies: 29
Views: 2065

Re: So my advisor says........

There are other index/passive management advisors that charged significantly less in fees. Rebalancing is very easy and you could easily do it yourself however it's understandable if you still value the services the advisor brings. The advisor hardly has to do any work for a passive 3 fund portfolio...
by jimmyrules712
Wed Jun 05, 2013 11:09 am
 
Forum: Investing - Help with Personal Investments
Topic: So my advisor says........
Replies: 51
Views: 4757

Re: Looking for online international banking

My daughter is working in Australia for at least a few more years. She has been using Chase to pay occasional US expenditures. Now that she no longer qualifies for a free account, no paycheck deposits, she is incurring $6 monthly fees. Also, Chase, she ends up paying both an Australian bank and Cha...
by jimmyrules712
Tue Jun 04, 2013 10:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking for online international banking
Replies: 14
Views: 968

Re: Role of a Cash Balance Pension?

Sigh... The point I am trying to make is that I think a CASH BALANCE pension plan is a very different animal from a traditional pension plan, and that is the issue I am trying to understand better. A cash balance plan is much more akin to an IRA than a traditional pension plan, I believe. It is inc...
by jimmyrules712
Thu May 30, 2013 9:52 am
 
Forum: Investing - Theory, News & General
Topic: Role of a Cash Balance Pension?
Replies: 45
Views: 3336

Re: Role of a Cash Balance Pension?

I have the option of both annuity payments or lumpsum. However since I'm in my late twenties I think the likelihood that I'll stay with this employer until retirement is low. Assuming I do leave and go work somewhere else I would take the current lumpsum balance and roll it into an IRA. The current...
by jimmyrules712
Wed May 29, 2013 8:53 am
 
Forum: Investing - Theory, News & General
Topic: Role of a Cash Balance Pension?
Replies: 45
Views: 3336

Re: Role of a Cash Balance Pension?

The current notional pension balance is about 25% of my entire portfolio. I view this as fix income for AA purposes, however I also do not want to make my 401k/IRA portfolio too risky (one reason being that I cannot rebalance from the pension to the other accounts until it's eventually been rolled ...
by jimmyrules712
Tue May 28, 2013 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: Role of a Cash Balance Pension?
Replies: 45
Views: 3336

Re: Role of a Cash Balance Pension?

I have the option of both annuity payments or lumpsum. However since I'm in my late twenties I think the likelihood that I'll stay with this employer until retirement is low. Assuming I do leave and go work somewhere else I would take the current lumpsum balance and roll it into an IRA. By doing th...
by jimmyrules712
Tue May 28, 2013 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Role of a Cash Balance Pension?
Replies: 45
Views: 3336

Re: Role of a Cash Balance Pension?

1. If you have the option of annuity payments - these would be considered retirement income sources. 2. If you don't, then a lumpsum can either be: a) Annuitized privately when the time comes - so, also retirement income sources. b) Added to other investable Assets as per the appropriate Asset Allo...
by jimmyrules712
Tue May 28, 2013 11:51 am
 
Forum: Investing - Theory, News & General
Topic: Role of a Cash Balance Pension?
Replies: 45
Views: 3336

Re: Role of a Cash Balance Pension?

In the original post, you said: My employer contributes 6% of my salary to it every year and the interest rate (right now anyway) is 4.42% annually. This is in addition to my 401k where my employer matches a certain percentage, etc. Clearly the 401K is a defined contribution plan and the Cash Balan...
by jimmyrules712
Tue May 28, 2013 10:05 am
 
Forum: Investing - Theory, News & General
Topic: Role of a Cash Balance Pension?
Replies: 45
Views: 3336

Re: Role of a Cash Balance Pension?

Not sure why ya'll dug up a 2 year old thread, but since I was the OP I guess I'll comment. For general info, first, the US DOL says that your plan is a defined benefit plan (DBP). Link: http://www.dol.gov/ebsa/FAQs/faq_consumer_cashbalanceplans.html Most importantly, IMO, is that your "cash&qu...
by jimmyrules712
Mon May 27, 2013 11:10 pm
 
Forum: Investing - Theory, News & General
Topic: Role of a Cash Balance Pension?
Replies: 45
Views: 3336

Re: Refinance Surprise- Amerisave

I had a different but still frustrating experience with an Amerisave refinance last fall. The short version of the story is the day before closing they sent me an updated GFE that just happened to increase by 9.98% over their original GFE (legally it cannot increase by more than 10%). I called them ...
by jimmyrules712
Thu May 23, 2013 5:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance Surprise- Amerisave
Replies: 13
Views: 1849

Re: Smartphone with just voice but no data

AT&T is the worst carrier to have for using a smartphone without a data plan. Other carriers have psuedo smartphones that you can get that can use wifi for basic apps and email etc. without needing a data plan. Other carriers also usually won't try to force you to pay for a data plan for a smart...
by jimmyrules712
Thu May 16, 2013 4:28 pm
 
Forum: Personal Consumer Issues
Topic: Smartphone with just voice but no data
Replies: 23
Views: 1660

Re: VG ex-US Small-Cap Fund or ETF in IRA?

RNJ - have you done an analysis to see if you generally pay a .5% premium when you buy the ETF? As mentioned earlier, my hunch would be that you do. If that's the case then the only real differences for you would be a higher expense ratio for the mutual fund but more hassles buying/selling the ETF....
by jimmyrules712
Thu May 16, 2013 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: VG ex-US Small-Cap Fund or ETF in IRA?
Replies: 15
Views: 1069

Re: Cash back credit card + no foreign transaction fee?

You really should consider the penfed card even though it requires opening a savings account with $5. It's by far the *best* card I have (and I have a LOT of cards). I've also found since I became a Penfed member that they are a fantastic credit union for other things. I got a 1.49% auto loan throug...
by jimmyrules712
Wed May 15, 2013 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash back credit card + no foreign transaction fee?
Replies: 20
Views: 2359

Re: 401K no index funds?

I wonder if this is actually a SIMPLE IRA and not a 401k. My wife's company has a SIMPLE IRA plan through American and the funds all have front ned load fees. Apparnetly in SIMPLEs they do exist. I'd be curios why the documentation the OP posted specifically mentions load fees if they don't apply to...
by jimmyrules712
Mon May 13, 2013 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K no index funds?
Replies: 27
Views: 2331

Re: 401K no index funds?

Man, those are HIGH FEES!!! HIGH FEES??? Not even close. The OP should max out this 401k. Agreed^ I actually find those fees to be very reasonable for actively managed funds. American Funds are decent as well. I personally am 100% indexed, but I would make do if this is what I had. I would definite...
by jimmyrules712
Mon May 13, 2013 12:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K no index funds?
Replies: 27
Views: 2331

Re: 401K no index funds?

You should find out how much your employer matches and contributed exactly what is required to get the full match. After that max our a Roth IRA. Then if you still want to invest more come back here and we can talk about whether it's better to add more to this 401k or invest in a taxable account. It...
by jimmyrules712
Mon May 13, 2013 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K no index funds?
Replies: 27
Views: 2331

Re: Cash back credit card + no foreign transaction fee?

The Penfed Cash Rewards Visa has no forex fees. It gives 5% cashback on gas, 3% on groceries, and 1% on everything else. As another option, I believe all Capital One cards have no forex fees. There is one that gives a flat 2% cashback equivalent on all purchases (with a $59 annual fee). Another oneb...
by jimmyrules712
Mon May 13, 2013 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash back credit card + no foreign transaction fee?
Replies: 20
Views: 2359

Re: Aftermarket Backup Cameras for Cars

I recently bought this camera and had it installed in my car: http://www.amazon.com/gp/product/B0079R2MH6/ref=oh_details_o09_s00_i00?ie=UTF8&psc=1 But as the other poster said, you need a screen to view the feed on. You basically have 2 options. 1.) Get something like one of these which can be m...
by jimmyrules712
Mon May 13, 2013 10:22 am
 
Forum: Personal Consumer Issues
Topic: Aftermarket Backup Cameras for Cars
Replies: 3
Views: 482

Re: Setting up wife's 401k

This is one of the worst 401ks I've seen. I agree with ruralavalon's recomendation to use Davis New York Venture A (NYVTX) and Principal High Yield A (CPHYX) (.91) (intermediate term, low credit quality). Normally those would be bad options but everything else is so much worse. Make sure you're maxi...
by jimmyrules712
Wed May 08, 2013 4:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Setting up wife's 401k
Replies: 15
Views: 1223

Re: Questions About Setting Up 529 Plan for Neice/Nephew

I prefer to use the cheapest er plan available, regardless of tax deductibility. For instance, TIAA-CREF had previously managed the NYS 529 Direct Plan, expenses were higher and I felt performance lagged. Today, the same plan now uses Vanguard funds, the er is a low 17bps, it's indexed and as the m...
by jimmyrules712
Wed May 08, 2013 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions About Setting Up 529 Plan for Neice/Nephew
Replies: 8
Views: 341

Re: Questions About Setting Up 529 Plan for Neice/Nephew

It looks like if I went with the OKlahoma plan than I'd use the "Aggressive" aged based portfolio. The fees are .53% (.13% fund fee + .40% plan admin fee) and it uses a combination of the following funds (which adjusts more conservatively as the child ages): Large-Cap Growth Index Fund Lar...
by jimmyrules712
Wed May 08, 2013 2:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions About Setting Up 529 Plan for Neice/Nephew
Replies: 8
Views: 341

Questions About Setting Up 529 Plan for Neice/Nephew

Please be patient with me as I know I have a lot to learn on this subject. I have a sister who is a single mom with 2 kids (ages 2 and 3) and they all live with my parents (the kids' grandparents) in Kansas (I however live in Oklahoma). I often want to give the kids gifts that can be used for their ...
by jimmyrules712
Wed May 08, 2013 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions About Setting Up 529 Plan for Neice/Nephew
Replies: 8
Views: 341

Re: American Express Blue Credit Card

I buy most of my groceries at Wal-Mart and AMEX doesn't consider that a grocery store, so instead of this card I use the PenFed Visa that gives 5% cashback on gas, 3% groceries, and 1% everything else. This card does categorize my Wal-Mart purchases as groceries.
by jimmyrules712
Thu May 02, 2013 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: American Express Blue Credit Card
Replies: 42
Views: 4711

Re: 401k review with meager fund selection

The best two funds worth using are: Dreyfus Bond Market Index Inv [DBMIX] (0.41) Vanguard PRIMECAP Core Inv [VPCCX] (0.5) The dreyfus fund is a good enough representation of whatever he wants his bond allocation to be. The primecap fund is a good enough representation of his US large cap equities. T...
by jimmyrules712
Tue Apr 30, 2013 11:04 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k review with meager fund selection
Replies: 8
Views: 961

Re: Bank mailed me letter, $5 fee starts in June, criminal.

Many people will tell you to use a local credit union, however my only local credit union now requires a minimum balance to avoid fees.

If you don't have any fee-less banks around then there are some good options with online banks, if you're willing to try that.
by jimmyrules712
Tue Apr 30, 2013 9:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank mailed me letter, $5 fee starts in June
Replies: 122
Views: 6983

Re: Review my plan to ditch satellite service

Have you considered something between the two extremes (premium satelite package vs rabbit ears)? You can get a basic dish network package for $15-$40 per month that should go to all tvs in the house. That'll give you local channels plus several that you wouldn't get over the air.
by jimmyrules712
Tue Apr 30, 2013 9:33 am
 
Forum: Personal Consumer Issues
Topic: Review my plan to ditch satellite service
Replies: 45
Views: 4029

Re: Advice on whirlpool/Jacuzzi tubs

I would not put in a jetted tub unless you or your wife are dedicated tub bath people. I have a jeted tub that has been used maybe 3 times in 4 years. And without frequent use the water from the heater smells for a while when you first turn it on. But if you do buy one, make sure you locate the on/...
by jimmyrules712
Mon Apr 29, 2013 1:56 pm
 
Forum: Personal Consumer Issues
Topic: Advice on whirlpool/Jacuzzi tubs
Replies: 11
Views: 1062

Re: Advice on whirlpool/Jacuzzi tubs

I just had a corner whirlpool installed 2 months ago in a bathroom that previously had no bathtub at all. Here's some data. You will need an electrician to install one or two dedicated GFCI circuits to the whirlpool location. (Two if there is a motor and a heater otherwise just one). This cost me ab...
by jimmyrules712
Mon Apr 29, 2013 10:58 am
 
Forum: Personal Consumer Issues
Topic: Advice on whirlpool/Jacuzzi tubs
Replies: 11
Views: 1062
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