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Re: Have you quit your job because of your boss?

Hi guys, Wow! Thanks for all the feedback. I read through all the messages twice. Honestly, I'm not sure I could last two years. It's only been a short time under the new supervisor and honestly, I am already so tired of this. In two years, honestly I think I would be going out of my mind. Regarding...
by squirm
Wed Jul 16, 2014 1:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7077

Re: Have you quit your job because of your boss?

Hello, and thank you for all the responses. I did forget to write one important part and that is I'm thinking about quitting for couple years, be a stay at home dad for my 10 year old daughter, getting surgery done (shoulder and back) and then going back to work, hopefully within the same agency (ci...
by squirm
Sun Jul 13, 2014 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7077

Have you quit your job because of your boss?

I'm just going to lay this out there. I have a job that I have been in for about 20 years. It's a government job, so I'm in a pension system. I am 48. I can "retire" at 50. I currently make a little over $100k. I hate my boss though. I hate getting up every morning and going to work. It's ...
by squirm
Sun Jul 13, 2014 1:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7077

Re: Primary house converted to rental, tax ?? on improvement

Thank you. There are two ways to determine the cost basis, one is from the initial purchase + improvements, the other is with market value. Tax Cut says to use the lesser of the two. But both are difficult to determine, any advice on this? Also the improvements are done over time, how would this be ...
by squirm
Sun Feb 02, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primary house converted to rental, tax ?? on improvements
Replies: 4
Views: 398

Primary house converted to rental, tax ?? on improvements

After buying a new house we converted the one we lived in, into a rental last year. We lived there for 10 years and made various improvements, most of the improvements I did myself, such as putting in solid real hardwood floors that took me almost a year, retaining walls, new interior trim, etc etc ...
by squirm
Sun Feb 02, 2014 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primary house converted to rental, tax ?? on improvements
Replies: 4
Views: 398

Re: My brokerage house switched me to a different adviser

Hi guys and thanks for your responses. I believe I probably fit the bill as being small fry, although with a an account over $100k, I would think maybe it's a small-moderate accounts...but what do I know. I never really wasted his time. He would call me once in a while and offer his thoughts on spec...
by squirm
Sat Aug 17, 2013 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: My brokerage house switched me to a different adviser
Replies: 18
Views: 1508

My brokerage house switched me to a different adviser

I have an account at a brokerage house. I have used this adviser for the past several years, suddenly I received a letter telling me they are switching me to a different adviser. Why is that? What is the most common reason for something like this? I have several accounts that in other places such as...
by squirm
Fri Aug 16, 2013 4:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: My brokerage house switched me to a different adviser
Replies: 18
Views: 1508

Detroit muni bonds

I don't hold any Detroit muni's but my question is, for those that do hold certain Detroit muni's that are under pressure now due to the potential bankruptcy, how does Muni bond insurance work in these cases? Does the insurance pay the holder whole at maturity? A portion? Only the coupon payments? I...
by squirm
Tue Jul 30, 2013 12:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Detroit muni bonds
Replies: 8
Views: 967

Re: Pay keeping up with inflation for your job?

The problem when using inflation as the baseline is that inflation changes for different people. For example, if you've recently been looking to buy your first house, you've been hit with a lot on inflation within the past year or so, as in some parts of the country (mine especially) home prices are...
by squirm
Sat Jul 27, 2013 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay keeping up with inflation for your job?
Replies: 52
Views: 4760

Re: defease a mortgage?

Is it possible to just buy a Fannie or Freddie MBS?
by squirm
Mon Jul 08, 2013 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: defease a mortgage?
Replies: 2
Views: 473

Reverse mortgages, are they good, bad or ??

My mother is considering them, and was wondering if overall they're worthwhile to look into.
by squirm
Sat Jul 06, 2013 8:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reverse mortgages, are they good, bad or ??
Replies: 9
Views: 1594

Re: Are hybrid cars cost effective?

Yes, I have not read the entire thread. :( I have sent Mr. McElroy the question. In the Detroit Free Press today, lease a 2013 Chevy Volt for 36 months with $218 down and $218 per month. Incredible. (Plus tax, title, plates, no security deposit, no GM discount required, 10,000 miles per year. In Mi...
by squirm
Sun Jun 23, 2013 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars cost effective?
Replies: 109
Views: 7270

Re: Are hybrid cars cost effective?

John McElroy, a journalist in Detroit, has been going on this week about how hybrid and electric cars depreciate at twice the (percentage) rate of regular vehicles. You should take a look at resale value if you're considering any car. Keith Where does he get that from? KBB has slight premium in use...
by squirm
Sun Jun 23, 2013 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars cost effective?
Replies: 109
Views: 7270

Re: Are hybrid cars cost effective?

John McElroy, a journalist in Detroit, has been going on this week about how hybrid and electric cars depreciate at twice the (percentage) rate of regular vehicles. You should take a look at resale value if you're considering any car. Keith Where does he get that from? KBB has slight premium in use...
by squirm
Sun Jun 23, 2013 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars cost effective?
Replies: 109
Views: 7270

Re: Holding on bonds. You agree?

This is the problem with bond funds and the reason why I liked individual bonds in low rate environments. I'm relatively young, but bought zero coupon muni's a few years ago, which were doing great in price, but have been losing value now...however, it doesn't bother me as I know when they mature I'...
by squirm
Sun Jun 23, 2013 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Holding onto bonds. You agree?
Replies: 31
Views: 3554

Re: Home buying/interest rates/nervous

Nobody can predict where interest rates will go with certainty. It's usually some sort of educated guesswork, which is what I'll give you. Rates could rise further if the fed is losing control of the bond and MBS market. But I would think rates to cool off for a while they've rising over 30basis poi...
by squirm
Sun Jun 23, 2013 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home buying/interest rates/nervous
Replies: 4
Views: 830

Re: Are hybrid cars cost effective?

Yeah, but there is about a $2500 premium in resale value for the hybrid with identical options, per KBB. Yes, but that varies depending on the price of gas and the particular model of car. http://www.howstuffworks.com/resale-value-of-hybrid-vehicles.htm I used the Camary LE vs the Hybrid and made a...
by squirm
Thu Jun 20, 2013 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars cost effective?
Replies: 109
Views: 7270

Re: Are hybrid cars cost effective?

For an apples and apples comparison, price the Toyota Camry and the Camry Hybrid. You will find the hybrid is about $4000-$5000 more depending on many factors. You could then factor the mileage difference and how many miles and what type miles, hwy or city, that you travel and then figure your savi...
by squirm
Thu Jun 20, 2013 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars cost effective?
Replies: 109
Views: 7270

Re: Another mortgage question

Amerisave has some rates where they actually pay you to refinance. The lender discount exceeds the closing costs, which then gets applied to your escrow account, which then gets refunded from your current lender. It's a beautiful thing. I discovered this too late, but if I had to do it again, I wou...
by squirm
Thu Jun 20, 2013 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another mortgage question
Replies: 19
Views: 1686

Re: Another mortgage question

I just got a 30 year mortgage 3.6% jumbo rate a few weeks ago. I went with a 30 year on my bet that money will become more expensive in the future and investments will pay a higher return than receiving from a 15 year mortgage. I'd rather be a borrower thanks to fed MBS purchases. Rates have already...
by squirm
Thu Jun 20, 2013 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another mortgage question
Replies: 19
Views: 1686

Re: Another mortgage question

I always hear a lot of people talk about refi's, as if they're getting a better deal by refi'ing into a lower rate. Just amortize your existing loan vs the new loan over the life of the loan. Include all fee's and other costs. Add up the total financial charges and the refi fees.
by squirm
Thu Jun 20, 2013 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another mortgage question
Replies: 19
Views: 1686

Re: Taxes - Can I write off used garden equipment for rental

Sorry to bump this, but I would think this has been done before. Can you write off a purchase for a used product from a private party if you use it at your rental property?
by squirm
Thu Jun 20, 2013 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes - Can I write off used garden equipment for rental?
Replies: 3
Views: 471

Re: Are hybrid cars cost effective?

I think you'll come out ahead if you buy a hybrid. We have Prius'es (sp?) at work. They constantly get 50mpg. I think you might be spitting hairs trying to figure out the ROI. There are too many unknown variables. Like I told my parents, buy the car you like just don't go overboard, enjoy it, you on...
by squirm
Thu Jun 20, 2013 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars cost effective?
Replies: 109
Views: 7270

Re: Are hybrid cars cost effective?

Frengo wrote:A car is first and foremost a statement about its owner style, like a nice suit. What does a hybrid says about you ?


Not for me. A car is a box on 4 wheels. Image means nothing. Just want to get from point A to point B.
by squirm
Thu Jun 20, 2013 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars cost effective?
Replies: 109
Views: 7270

Re: Are hybrid cars cost effective?

It's a good hedge against higher gas prices, in addition when you sell the car, there could be a premium on the sale price, depending on fuel costs.
by squirm
Thu Jun 20, 2013 1:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars cost effective?
Replies: 109
Views: 7270

Taxes - Can I write off used garden equipment for rental?

I have a rental house. I would like to buy a tractor from a private party to use at the rental. I would also use it at our primary house at times too. Can I write off either the entire purchase price, or a portion of it? If so, what do I need from the seller, bill or sale, anything else?
by squirm
Thu Jun 20, 2013 1:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes - Can I write off used garden equipment for rental?
Replies: 3
Views: 471

Re: What age did you reach 100K networth?

What is counted in here? We have pensions, so I don't count retirement. Ex-retirement it was about age 30.
by squirm
Wed Jun 19, 2013 12:50 am
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 33686

Re: Any good credit card sign on bonuses lately?

Thanks guys, now are these the only two credit cards that have good offers for now?
by squirm
Tue Jun 18, 2013 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any good credit card sign on bonuses lately?
Replies: 22
Views: 2160

Re: What age did you reach 100K networth?

I have no inheritance. I got into investing back in 1990 and frankly, like a lot of people just got lucky. 100k around 35, which was 10 years ago.
by squirm
Tue Jun 18, 2013 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 33686

Re: Should we shop around for a mortgage rate?

I've used Amerisave for refi's and purchases and just did another purchase and used them. Never really had a bad experience. They've been slow at times, but overall I give them 4.5 stars out of 5. They're rates are very competitive.
by squirm
Tue Jun 18, 2013 12:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Should we shop around for a mortgage rate?
Replies: 21
Views: 1710

Re: Should we shop around for a mortgage rate?

Oilburner, I just got a mortgage from Amerisave, I spend about the same amount of time uploading. Overall it wasn't bad and fairly easy, but you're right, they wanted to know about every transaction over $1200. I had to write a letter explaining why and what it was used for. I'm not complaining thou...
by squirm
Tue Jun 18, 2013 12:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Should we shop around for a mortgage rate?
Replies: 21
Views: 1710

Any good credit card sign on bonuses lately?

We've just completed buying our house, so now I figured we can start back up signing up for the credit card sign up bonuses. Last one I had was the 50,000 points from Saphire. Can't find anything that resembles that. Anyone seen anything worth mentioning?
by squirm
Sun Jun 16, 2013 11:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any good credit card sign on bonuses lately?
Replies: 22
Views: 2160

Would a reverse mortgages a good idea for mom?

My mother lives alone, she is 77 and in good health (knocking on wood here). She has 4 rental income properties. One is a single family house that is paid off and worth about 150k and can generate about 1.2k a month. The other three are apartments that generate about 3k a month, small balance on tha...
by squirm
Sun Jun 09, 2013 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would a reverse mortgages a good idea for mom?
Replies: 3
Views: 443

Re: Putting offer in house, seller wants contigency on purch

Hi guys, sorry, I should have been more specific. The SELLER is requesting the contingency.
by squirm
Sat Apr 06, 2013 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Putting offer in house, seller wants contigency on purchase
Replies: 9
Views: 944

Putting offer in house, seller wants contigency on purchase

I want to put in offer on a house, the seller wants a contingency of purchase. I don't think I'll have a problem with that, as long as I have my own contingencies such as "void if I put in an offer on another house". Is there any other contingencies I should consider? Also, what about the ...
by squirm
Sat Apr 06, 2013 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Putting offer in house, seller wants contigency on purchase
Replies: 9
Views: 944

Re: How much of a price do you put on vehicle safety?

Hello
Yes, high traffic and I commute a lot and carpool with wife. I consider myself a very good driver w/ little risk (you'd see me in the slow lane, headlights on).
by squirm
Sun Mar 10, 2013 3:45 pm
 
Forum: Personal Consumer Issues
Topic: How much of a price do you put on vehicle safety?
Replies: 83
Views: 2805

How much of a price do you put on vehicle safety?

For example, a new Camry vs a new Volvo S60. The Volvo is safer in terms of crash test worthiness. However the Volvo costs more. I'm always undecided and perplexed about weighing those differences. I've known some people that have been pretty banged up in a car wreck, on the other hand, want to be r...
by squirm
Sun Mar 10, 2013 3:33 pm
 
Forum: Personal Consumer Issues
Topic: How much of a price do you put on vehicle safety?
Replies: 83
Views: 2805

Re: Getting mortgage in 6 mths. Should I get a new credit ca

I had the same question as I play the credit card sign up bonus, but didn't want to risk getting my credit score dinged so I'm staying away from new credit cards until my loan goes through.
by squirm
Sat Mar 09, 2013 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting mortgage in 6 mths. Should I get a new credit card?
Replies: 14
Views: 784

Re: What is a Boglehead's net worth?

these are public pensions with good funding...
by squirm
Sat Mar 09, 2013 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is a Boglehead's net worth?
Replies: 80
Views: 11574

Re: Paying out of pocket for surgery, how to get tax benefit

No I have another 20 years before 65, and my wife has 25 years to go. I remember thinking about prepaying for surgery last December before the government decided to raise it for younger people, but wasn't sure if I wanted to go with a insured surgeon or not at that time.
by squirm
Sat Mar 09, 2013 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying out of pocket for surgery, how to get tax benefits?
Replies: 12
Views: 532

Re: Paying out of pocket for surgery, how to get tax benefit

"If, for a taxable year, you itemize your deductions on Form 1040, Schedule A (PDF), you may be able to deduct expenses you paid that year [b]for medical and dental care for yourself, your spouse, and your dependents. You didn't read far enough. You overlooked this: "If you file a separat...
by squirm
Sat Mar 09, 2013 5:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying out of pocket for surgery, how to get tax benefits?
Replies: 12
Views: 532

Re: Paying out of pocket for surgery, how to get tax benefit

I did ask about a cash discount, none, so I figure might as well pay by credit card.
by squirm
Sat Mar 09, 2013 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying out of pocket for surgery, how to get tax benefits?
Replies: 12
Views: 532

Re: Paying out of pocket for surgery, how to get tax benefit

This is from the IRS website, I think the government raised it to 10% for this year: "If, for a taxable year, you itemize your deductions on Form 1040, Schedule A (PDF), you may be able to deduct expenses you paid that year for medical and dental care for yourself, your spouse, and your depende...
by squirm
Sat Mar 09, 2013 5:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying out of pocket for surgery, how to get tax benefits?
Replies: 12
Views: 532

Re: What is a Boglehead's net worth?

okay, I plugged in it an annuity calculator. Together our pensions would be valued at $2.5 million at retirement. That seems pretty high, but what do I know. That is at monthly withdrawal rate of about $12K (for both) at retirement at age 60 (although we are younger than that now). The problem with ...
by squirm
Sat Mar 09, 2013 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is a Boglehead's net worth?
Replies: 80
Views: 11574

Re: What is a Boglehead's net worth?

How do you define a net worth with pensions from those with a 401K? That's a huge difference as my wife and I have good pensions, but that can't be defined as a net worth because there is no lump sum value.
by squirm
Sat Mar 09, 2013 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: What is a Boglehead's net worth?
Replies: 80
Views: 11574

Paying out of pocket for surgery, how to get tax benefits?

I'll be getting surgery in a couple of weeks (hip scope). The surgeon I have chosen doesn't take insurance, but he is one of the best, so I have decided to pay out of pocket. The surgeon fees will exceed 10% of our annual income, so we'll be able to take advantage of the tax write off for next years...
by squirm
Sat Mar 09, 2013 3:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying out of pocket for surgery, how to get tax benefits?
Replies: 12
Views: 532

[Should we] buy a two story house or a one story?

As you might see, I also have another post here regarding house offer. Another issue is how many here live in a two story house but wish they didn't? I've always lived in a single story house, but the house we're looking at is two story. Does climbing stairs everyday become a real issue? We're relat...
by squirm
Sun Mar 03, 2013 10:30 pm
 
Forum: Personal Consumer Issues
Topic: [Should we] buy a two story house or a one story?
Replies: 43
Views: 3378

Re: Putting in offer for house, seller wants contingency on

Yes the seller can get out of the contract for any reason. Is it really hard to find a house for sale somewhere? And you will be stuck with completing your purchase so you can't shop around. Want to play dueling contingencies? I would just counter with a contingency that my offer is void if I put i...
by squirm
Sun Mar 03, 2013 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Putting in offer for house, seller wants contingency on purc
Replies: 25
Views: 2545

Re: Putting in offer for house, seller wants contingency on

Hi again, No, there would be clauses on the rental agreement to allow them for a reasonable amount of time to look and start the purchase process of their own home, I'm good for up to 6 months as I have other issues myself to deal with. But at the 6 month mark, that would be it, they will have to mo...
by squirm
Sun Mar 03, 2013 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Putting in offer for house, seller wants contingency on purc
Replies: 25
Views: 2545
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