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Re: Your opinion of mint.com

I used to use it before I was married, but DW is uncomfortable with it and now I am more so, essentially following nisiprius's concerns. Now I do this by hand every week in a custom spreadsheet. Takes half an hour or 45 minutes a week to reconcile all accounts, but I get the benefits of mint (tracki...
by jmg229
Wed Aug 06, 2014 9:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Your opinion of mint.com
Replies: 38
Views: 3110

Re: Do you consider your Roth as part of your EF?

To me, it depends on how it is invested. My Roth IRA is invested 100% in my retirement AA, which is pretty aggressive given my young age. So no, not a part of the EF. When I was counting it as a part of the EF, it was invested much more conservatively (breakable CDs and the like). EF is about access...
by jmg229
Tue Aug 05, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider your Roth as part of your EF?
Replies: 30
Views: 1842

Re: Funding a Down Payment

While I don't disagree with what Phineas said (and I appreciate his or her rational tone) can someone help me understand real estate? I make almost the median income in Massachusetts, but median home value in this state is $100,000 higher than the home I'm trying to buy. If what Phineas says is tru...
by jmg229
Sun Aug 03, 2014 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Funding a Down Payment
Replies: 11
Views: 1517

Re: Tax gain harvesting in grad school?

I would not cut it so close anyways. We had about $5 in interest income last year that was unexpected. Also unexpected was about a thousand dollars of some other income from an estate of a dead person. You never know where some taxable money might come from. Hmm now you're scaring me. At first I qu...
by jmg229
Wed Jul 09, 2014 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax gain harvesting in grad school?
Replies: 24
Views: 1387

Re: Dip into IRAs to pay off CC debt?

If those numbers are right, I have trouble seeing why you would sell the rental. If it is actually netting you almost $1000 a month and you have good tenants willing to sign on for 2 more years (after the next 6 months), I would think that working on selling one of the cars, as you indicated you wil...
by jmg229
Tue Jul 08, 2014 12:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dip into IRAs to pay off CC debt?
Replies: 28
Views: 2104

Re: Term Life Rate vs. Age

Your wife should buy term life before she gets pregnant because she may develop conditions during pregnancy, e.g., pre-eclampsia (high blood pressure) and gestational diabetes, that will forever affect the price she pays for insurance. Women who are perfectly healthy and not overweight before becom...
by jmg229
Mon Jul 07, 2014 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Rate vs. Age
Replies: 4
Views: 437

Term Life Rate vs. Age

I was looking for some quick confirmation of my understanding of the way that term life insurance tends to be priced. My understanding was that it is fairly continuous (if not linear) with age, meaning that there aren't any huge jumps from one age to the next. This seems logical. The difference betw...
by jmg229
Mon Jul 07, 2014 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Rate vs. Age
Replies: 4
Views: 437

Re: Help/Advice reReal Estate Negotiation

I would figure out how much of a premium you're willing to pay for the memories of that particular lake, add it to the offer you'd make on the other house, and put that in. Hopefully it starts a negotiation, but worst case it tells you that you can't get that house at a reasonable price.
by jmg229
Thu Jul 03, 2014 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help/Advice re Real Estate Negotiation
Replies: 10
Views: 934

Re: POLL: Mortgage as a negative bond

This muddies the waters between what belongs in retirement accounts and what does not. Houses are definitely an investment, but they are not the type of investment that belongs in a retirement portfolio. This is my logic. Right or not, I view my house as a place to live that I will continue to have...
by jmg229
Mon Jun 30, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Mortgage as a negative bond
Replies: 89
Views: 3002

Re: When to offer on house: Starting New Job

Talk to your lender. I started a new job August 1st of a year, had an offer written 3rd week of July, closed 4th week of August. Lender was happy with contract, phone confirmation from new employer, and evidence of having worked in the field for the prior year.
by jmg229
Mon Jun 30, 2014 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to offer on house: Starting New Job
Replies: 8
Views: 745

Re: New home purchase: credits/repairs question

How old is the house? I think this matters because if it is an older home, I think the sellers could reasonably have expected you to consider that there will be some wear and tear when making the offer. When we bought our "vintage" (in the words of the inspector) home, we focused on one bi...
by jmg229
Fri Jun 27, 2014 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: New home purchase: credits/repairs question
Replies: 11
Views: 862

Re: When to get an appraisal to remove PMI

Did your contract really say that they had to remove PMI if you asked for it? I kinda doubt it. Not sure where I stated that I could get out of PMI just by asking, I think I outlined my situation pretty clearly (or where I had a problem with paying for an appraisal, for that matter). My contract ha...
by jmg229
Fri Jun 27, 2014 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to get an appraisal to remove PMI
Replies: 16
Views: 1441

Re: When to get an appraisal to remove PMI

Whatever you do, make sure to get it in writing do you are not out $300 and your time I would second this. Despite what our contract said (USAA loan), when I went to do this, we were told that because it was now a Fannie/Freddie loan (USAA sold it), the rules were different, despite never having re...
by jmg229
Fri Jun 27, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to get an appraisal to remove PMI
Replies: 16
Views: 1441

Re: To HSA or not to HSA

Doing the same analysis as asif with the new numbers, your new breakeven on 2 and 3 is $5800. Less than that, 3 is better. More, 2 is better. For plan 1, your minimum payment before getting any benefits is 5856 (4356 premiums, plus 1500 deductible (if family deductible must be met, unclear if that i...
by jmg229
Fri Jun 27, 2014 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: To HSA or not to HSA
Replies: 12
Views: 1548

Re: When to get an appraisal to remove PMI

Whatever you do, make sure to get it in writing do you are not out $300 and your time I would second this. Despite what our contract said (USAA loan), when I went to do this, we were told that because it was now a Fannie/Freddie loan (USAA sold it), the rules were different, despite never having re...
by jmg229
Fri Jun 27, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: When to get an appraisal to remove PMI
Replies: 16
Views: 1441

Re: Medical plan and dependent care

Not sure what penalties you are referring to, but if it is ACA-related, there is no penalty for a gap less than three months.
by jmg229
Thu Jun 26, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical plan and dependent care
Replies: 7
Views: 278

Re: Inherited IRA-calculating RMD

Maybe this helps (From Page 40 of Pub 590): Multiple individual beneficiaries If as of September 30 of the year following the year in which the owner dies there is more than one beneficiary, the beneficiary with the shortest life expectancy will be the designated beneficiary if both of the following...
by jmg229
Wed Jun 25, 2014 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA-calculating RMD
Replies: 10
Views: 761

Re: Retirement Goal Calculation

I am completely confused!! Are you stating using the 4% withdraw means I need approximately (of course this is ball park figure) $830K when I reach the age of 62? If so, how is this possible? What about inflation? How can $830K today be the same 27 years from now? I am not understanding when you wr...
by jmg229
Wed Jun 25, 2014 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Goal Calculation
Replies: 31
Views: 5171

Re: Timeline for buying a house + Q about central Jersey

1: Timeline: We now live in California. Our plan is to visit NJ some time in mid-July - early August, see as many houses as possible, and make an offer. We know the area well, so that helps a bit (but see my question below). If we find a house during our visit, and our offer is accepted, is it at a...
by jmg229
Wed Jun 25, 2014 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Timeline for buying a house + Q about central Jersey
Replies: 28
Views: 2493

Re: Financing graduate school

One way to think of this is how you would fund these accounts with extra cash. It sounds like if you had student loans, you would pay them off, so don't take out any new ones. Would you pay down a mortgage, pay down cars, add to HSA, add to Roth, or add to 529 first? What about last? Whatever the la...
by jmg229
Wed Jun 11, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financing graduate school
Replies: 9
Views: 738

Re: Free credit score for Cap One Quicksilver cardholders

I just noticed today that the Capital One Quicksilver card (mine is MC) offers something called Credit Tracker for free. It's unlimited access to your Transunion credit score. Yeah, I know there are almost infinite varieties of credit scores with each agency, not just one, but this looks like an ac...
by jmg229
Sat May 03, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free credit score for Cap One Quicksilver cardholders
Replies: 13
Views: 934

Re: Should I be concerned: auto vs. umbrella insurance

I'm not seeing where the concern about being underinsured is. Instead of having 500/500 and a 1 million umbrella, they want you to have 250/500 and a 1 million umbrella. So, either way, you are covered up to 1 million. In the latter case, you have a lower auto premium due to lower limits. This is go...
by jmg229
Sat May 03, 2014 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned: auto vs. umbrella insurance
Replies: 34
Views: 3291

Re: Secured or Unsecured?

Is the $95 fee only on the second option? In which case, interest on the 10% will likely be lower.
by jmg229
Wed Apr 23, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Secured or Unsecured?
Replies: 9
Views: 866

Re: Family Financial Health Check and Advice

The big concern that sticks out to me here (besides the <10% a year retirement savings) is the 10k cash on hand. Where is the emergency fund? What happens if you end up with a major unexpected expense? You have a lot of debt which means a lot of cash flow needs, what happens if your job ends up bein...
by jmg229
Fri Apr 18, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family Financial Health Check and Advice
Replies: 17
Views: 1952

Re: Trying to clean up personal finance

The Roth IRA could also be considered a back-up emergency fund (for those very unlikely occurrences) so it is good to have. Because of this, I'd recommend splitting the difference between debt repayment (avoid CC interest rate going up, rest to loan) and Roth IRA contributions. Not only will IRA co...
by jmg229
Fri Apr 18, 2014 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to clean up personal finance
Replies: 17
Views: 2014

Re: I'm on a mission for more security

To me, your step number 1 is accurate, and I highly recommend 1Password. Just make sure to set it so it locks out frequently and change your master over time. Multistep authentication is a good big one, too.
by jmg229
Tue Apr 15, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm on a mission for more security
Replies: 15
Views: 1765

Re: deferred comp plans

It is sometimes hard to grasp (I know it took me a while to get my head around it), but gains in either an after tax then tax free (think Roth) or pretax then taxed account (think 401(k) or Deferred comp plan) are not taxed at all assuming equal tax rates at time of contribution and withdrawal. can...
by jmg229
Sun Apr 13, 2014 12:06 am
 
Forum: Personal Finance (Not Investing)
Topic: deferred comp plans
Replies: 20
Views: 1851

Re: Calculate effect of mortgage-interest deduction

I think that the moral of the story, get back to the OPs second point, is that in seeking and giving advice on issues related to tax-adjusted mortgage rates, assumptions cannot be made and either the poster needs to provide information on whether or not they itemize and if all or part of the interes...
by jmg229
Tue Apr 08, 2014 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Calculate effect of mortgage-interest deduction
Replies: 11
Views: 902

Re: Graduate School Loans

So no matter my income in the future, you're saying as long as I pay the minimum, in 25 years it will all be paid off? I found this page talking about it, ( http://studentaid.ed.gov/repay-loans/understand/plans/income-based ) but I'm not sure if I would qualify as I'd ideally be making more money i...
by jmg229
Mon Apr 07, 2014 12:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Graduate School Loans
Replies: 13
Views: 1168

Re: Graduate School Loans

Are any of these federal loans that qualify for IBR (Income Based Repayments)? Before you borrowed so much money, did you consider how much the payments would be compared to the income you might expect? It's going to be very difficult to pay them off any time soon with that income. What are the min...
by jmg229
Sun Apr 06, 2014 11:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Graduate School Loans
Replies: 13
Views: 1168

Re: Moving Advice: How do I make my move economical?

I've now done 3 cross country moves with questionable vehicles using your first option. Media mail is great. Put everything else on the car, get the best AAA membership you can, and take it slow. I have found that Uhaul, Penske, and the like are prohibitively expensive. Buying a new car in Indiana i...
by jmg229
Sun Apr 06, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving Advice: How do I make my move economical?
Replies: 16
Views: 979

Re: somoene filed a return with my spouses SSN?

I seem to miss here something, but is there nobody at the IRS checking a SSN against the correct name and address? Or are they shipping that money to any name, address, bank account not associated with that SSN? Then IRS would be at fault. I have heard through a friend who works in the field that t...
by jmg229
Sun Apr 06, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: somoene filed a return with my spouses SSN?
Replies: 22
Views: 2446

Re: best way to freeze and monitor credit?

You need to file an identity theft report and contact the credit reporting agencies. Follow instructions here: For general identity theft stuff: http://www.consumer.ftc.gov/features/feature-0014-identity-theft For info on credit freezes: http://www.consumer.ftc.gov/articles/0279-extended-fraud-alert...
by jmg229
Sat Apr 05, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: best way to freeze and monitor credit?
Replies: 2
Views: 318

Re: I accidentally discovered a coworkers salary... now what

Let me preface this with the fact that I work in a situation where all salaries are published to a public website, so my feelings on this may be a bit different than others' on the board. 1. I think it is worth trying to let her know that this personal information is where it shouldn't be, but could...
by jmg229
Fri Apr 04, 2014 7:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 6027

Re: Bogleheads 2014 Hedge fund contest

System is up and running. The standings will be updated automatically every day around 6:30 pm Eastern; the page will be at http://libra-investments.com/hf/bh.html. dmcmahon wins the fund name contest with "Quantitative Teasing" so gets a bonus of 1% on all the positions in that fund. The...
by jmg229
Fri Apr 04, 2014 4:12 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 155
Views: 13709

Re: Taxes for NY Long Is. Resident but PA student

My nephew is a full time student in PA and made some money during the summer in PA. For fed, he files a 1040-EZ form. My dumb questions are: 1. Does he need to file NY state income taxes IT-201 since all income and taxes were withheld in PA? Does he qualify for standard deduction since he was claim...
by jmg229
Wed Apr 02, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes for NY Long Is. Resident but PA student
Replies: 6
Views: 460

Re: Paying student loans vs Losing compounding interest

Jimb That's going to take some time for me to digest. Thank you for the response. It makes sense on paper however why does the general consensus here always seem to be to pay down high interest debt first? There are two things I see missing from Jimb's calculations (as best as I can follow them): F...
by jmg229
Tue Apr 01, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying student loans vs Losing compounding interest
Replies: 41
Views: 3681

Re: Joint but still "separate accounts"

I think that if this is what works for you, it makes sense. I do think there is some advantage in making the "separate accounts" joint for a number of reasons, including ones you point out, so if you go the separate accounts route, this seems to make sense. You may want to still consider a...
by jmg229
Mon Mar 24, 2014 11:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Joint but still "separate accounts"
Replies: 13
Views: 1247

Re: Car Loan Paydown or Roth IRA?

I'm going to be a contrarian because of the following: What I also thought about was what if I put all the extra into the car payment right now and then when the payment disappears, apply all of that to hit the cap for 2014 before April 15, 2015. The important piece is that you use up all of your 20...
by jmg229
Sun Mar 23, 2014 10:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Loan Paydown or Roth IRA?
Replies: 16
Views: 839

Re: Is this Retirement plan doable?

One other point: You have not taken into account a full COLA adjustment here. Your pension is not adjusted, while SS will be (the extent to which this is a useful COLA is debatable, but beyond my point). You may need some nest egg to fill in that gap as well unless you expect expenses to grow at low...
by jmg229
Fri Mar 21, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this Retirement plan doable?
Replies: 10
Views: 1212

Re: 401 match (poll)

My wonderful little school I work for provides 7% regardless of employee contribution.
by jmg229
Fri Mar 07, 2014 12:01 am
 
Forum: Personal Finance (Not Investing)
Topic: 401 match (poll)
Replies: 33
Views: 1959

Re: Joint or Separate Accounts? - Married Couples

See that is what I'm having trouble understanding right? Let's say that the total income split is 70% me/30% her, then how would you "parcel out some to each of the separate accounts"? Whatever is left over is a 70%/30% split? I wouldn't do it that way. If you jointly make a lot, then you...
by jmg229
Thu Mar 06, 2014 11:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Joint or Separate Accounts? - Married Couples
Replies: 82
Views: 3893

Re: Concerns re: Relocating to Illinois (Chicago)

I could not imagine changing the decision on whether or not to buy a house substantially due to the fiscal state of the state in which I was living. Perhaps that is naive of me. What exactly are you expecting for consequences that substantially shape the decision about buying real estate there?
by jmg229
Thu Feb 27, 2014 10:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Concerns re: Relocating to Illinois (Chicago)
Replies: 40
Views: 2937

Re: Risk of New Jersey Govt. Employee Benefit Cuts

Now that my memory is coming back about this, here you go: Chapter 78, P.L. 2011, the Pension and Health Benefit Reform Law, suspended future Cost-of-Living Adjustments (COLA) for all retirees of all retirement systems. This suspension is effective for benefit payments made as of August 1, 2011. It ...
by jmg229
Thu Feb 27, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Risk of New Jersey Govt. Employee Benefit Cuts
Replies: 9
Views: 952

Re: Risk of New Jersey Govt. Employee Benefit Cuts

Were the benefit cuts only applied to those who hadn't already retired? Is there a constitutional or other barrier to applying them to those who already have retired? If both of those are true, I would retire before any more cuts could be applied. The cuts in 2011 applied to both currently and soon...
by jmg229
Thu Feb 27, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Risk of New Jersey Govt. Employee Benefit Cuts
Replies: 9
Views: 952

High School Financial Literacy

I couldn't find much on this in the archives, so thought I'd ask anew, sorry if it's a repeat. Has anyone had any good experiences with financial literacy curriculum for high school level students? I am trying to help my school find a solution that is more than just stock picking and paying to use t...
by jmg229
Thu Feb 27, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: High School Financial Literacy
Replies: 4
Views: 312

Re: What auto loan do you have?

We got a quote from USAA, but Capital One 360 (through the dealer) was able to beat it by quite a bit. If you do go with dealer financing, be sure to not let them know your other offers.
by jmg229
Fri Feb 14, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: What auto loan do you have?
Replies: 14
Views: 1268

Re: Tax-Efficiency Question

Thank you for the responses so far. I'm looking for information because I think that the strategy may be different for those in a low tax bracket, or at least the logic behind the strategy may be different, so anything tailored to this as opposed to high salary individuals will be much appreciated. ...
by jmg229
Sun Feb 09, 2014 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax-Efficiency Question
Replies: 9
Views: 859

Tax-Efficiency Question

I know that these questions get asked frequently, so I tried the wiki and am just looking for some confirmation. I am married and in the 15% federal tax bracket (~5% state). We max out our Roth IRAs and I nearly max my 401k (wife doesn't have one available). We have recently come into a windfall and...
by jmg229
Sun Feb 09, 2014 9:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax-Efficiency Question
Replies: 9
Views: 859

Re: B&M Banks and Online Banks and Credit Unions - Oh My

A couple days ago I decided to open an Ally checking and savings account. After entering all my information, I landed on a page saying my application was under review and that I needed to call Ally Bank to discuss further. I called and the customer service rep asked for a bunch of repeat informatio...
by jmg229
Sun Feb 09, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: B&M Banks and Online Banks and Credit Unions - Oh My
Replies: 15
Views: 1381
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