Search found 565 matches

by 8foot7
Mon Oct 16, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3040

Re: Bonus pushed back - should I be annoyed?

This thread's subject demonstrates a real problem employers have with including variable monies in compensation packages. A bonus is truly only a bonus the first time it is offered because it is new money; after that it starts to feel to the employees as an entitlement, something they should receiv...
by 8foot7
Mon Oct 16, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3040

Re: Bonus pushed back - should I be annoyed?

This thread's subject demonstrates a real problem employers have with including variable monies in compensation packages. A bonus is truly only a bonus the first time it is offered because it is new money; after that it starts to feel to the employees as an entitlement, something they should receive...
by 8foot7
Mon Oct 16, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3040

Re: Bonus pushed back - should I be annoyed?

Sure, be annoyed. Ultimately either accept it or look for new job.
by 8foot7
Thu Oct 12, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: I need a better online checking w billpay and mobile check deposit
Replies: 34
Views: 2509

Re: I need a better online checking w billpay and mobile check deposit

ProfLA wrote:
Thu Oct 12, 2017 9:59 am
Charles Schwab bank online platform and Christine service have been superb for me. The monthly deposit limit is $100,000.
What is Christine?
by 8foot7
Thu Oct 12, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: A good value wine I found...
Replies: 22
Views: 2515

Re: A good value wine I found...

I bought a case of the Essential Red blend for something like $9/btl. Recommended.
by 8foot7
Thu Oct 12, 2017 9:17 am
Forum: Personal Consumer Issues
Topic: Mechanic expects me to pay for his mistake
Replies: 41
Views: 3111

Re: Mechanic expects me to pay for his mistake

Get the mechanic to cover difference between whatever the Ford settlement is and the actual cost to get your truck fixed. Those folks saying the mechanic has no liability in this are simply wrong. You engaged him to repair the problem, not break off tools into your truck's engine. If he knew of the ...
by 8foot7
Wed Oct 11, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5538

Re: Anesthesiologist Advise [how to save money]

Are all of the posts about being super concerned about the OP sarcasm? He or she is 32, no debt, and about to earn 300k/year gross, if not more, for the foreseeable future.

OP, save half your income from the start. Live on the other half. You will be fine.
by 8foot7
Mon Oct 09, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: How to deal with estate with no liquid assets and a house?
Replies: 17
Views: 1254

Re: How to deal with estate with no liquid assets and a house?

The executor could borrow from a beneficiary on behalf of the estate, and the beneficiary could establish a lien on the decedent's home for the amount of the loan. The beneficiary would want an appraisal and market analysis to understand the likely sales price of the home less other mortgages. That ...
by 8foot7
Wed Oct 04, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll shenanigans and their implications
Replies: 48
Views: 3474

Re: Payroll shenanigans and their implications

The raw truth of this whole issue is that (a) if you're employee and having taxes withheld and (b) it ends up those withheld taxes never make it to the government, then as long as you have a series of records showing what's happened, you will eventually be treated as if the taxes had been paid. You...
by 8foot7
Wed Oct 04, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll shenanigans and their implications
Replies: 48
Views: 3474

Re: Payroll shenanigans and their implications

I want to clarify a blanket statement that was made. If income taxes were NOT withheld as the employee requested, the employee is responsible for paying them when settling with the IRS after the end of the year. It is not a case of fraud or theft if something happened to make the income tax withhol...
by 8foot7
Tue Oct 03, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll shenanigans and their implications
Replies: 48
Views: 3474

Re: Payroll shenanigans and their implications

"Interesting" if unpleasant situation. (And yes, sounds like a VERY bad prognosis in terms of future employment "stability".) But a question: IF a employer with W2 employees (not referring here to 1099 contractors) fails to withhold taxes and/or SS, who is ultimately responsible for those? Suppose ...
by 8foot7
Tue Oct 03, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7376

Re: What will happen if I refuse to pay a medical bill?

Almost positive you signed a patient responsibly form prior you receiving medical services. It will say, you are the responsible party , you are responsible if your insurance company declines to pay for any reason. If you are refuse to pay the bill you will be in violation of the contract you have ...
by 8foot7
Tue Oct 03, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll shenanigans and their implications
Replies: 48
Views: 3474

Re: Payroll shenanigans and their implications

This is not good news for you and implies he's not paying his taxes or perhaps even yours. Keep your stubs and document with photos each time this happens.
by 8foot7
Tue Oct 03, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7376

Re: What will happen if I refuse to pay a medical bill?

Almost positive you signed a patient responsibly form prior you receiving medical services. It will say, you are the responsible party , you are responsible if your insurance company declines to pay for any reason. If you are refuse to pay the bill you will be in violation of the contract you have ...
by 8foot7
Sat Sep 30, 2017 6:52 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7376

Re: What will happen if I refuse to pay a medical bill?

People vastly overstate the impact a small medical collection item will have on a credit profile, and as some have pointed out there are various methods to disputing to use to greatly reduce the likelihood that would ever happen. If the principle is really important to you, then don't pay. Everythin...
by 8foot7
Wed Sep 27, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4467

Re: $700 to install a dishwasher seem by a plumber?!

They don't want the job.
by 8foot7
Fri Sep 22, 2017 6:54 pm
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 47
Views: 3653

Re: Luxury Car Purchase

1 bed 1 bath detached shack went for close to 600k. I don't want to derail the thread but data abound. I would encourage OP to lock in some gains before buying a six figure car.
by 8foot7
Fri Sep 22, 2017 6:41 pm
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 47
Views: 3653

Re: Luxury Car Purchase

I don't think I'd buy a 130k car with only 700 liquid. Sell a house and then do it. Seattle is a real estate bubble that is just primed to pop.
by 8foot7
Thu Sep 21, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased Mother medical bill
Replies: 42
Views: 5357

Re: Deceased Mother medical bill

if her ira had money in it at the time she was in skilled care, then it was accessible to her and as such her bills would have been paid out of it until depleting down to the medicaid limit. instead it sounds like the poa just chose not to pay the bill even though funds existed to do so. then when ...
by 8foot7
Thu Sep 21, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24049

Re: I won the Lottery. Need sound advice.

I had a lot more respect for the Boglehead collective before I read some of the replies to this thread. Last time I checked, lottery money was just as green and spendable as dividends and appreciation. OP, pay off every bit of your debt and resolve to go all cash all the time no matter what. Then pu...
by 8foot7
Sun Sep 17, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: Should I contact a lawyer?
Replies: 69
Views: 3594

Re: Should I contact a lawyer?

OP: just to clarify, you want the use of this material simply stopped? And You are not offering updated material? All you want to do here is say no?
by 8foot7
Sun Sep 17, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: Should I contact a lawyer?
Replies: 69
Views: 3594

Re: Should I contact a lawyer?

As to authorship, I suspect that the original author has the right to have the authorship of a work correctly attributed. That's probably true, but it would not matter in this case. Suppose the person using this material does prominently put on the material: "This is material conceived, researched,...
by 8foot7
Wed Sep 06, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Check Received: What to do?
Replies: 22
Views: 2189

Re: Check Received: What to do?

Just deposit the check via mobile app or ATM. Move on with life.
by 8foot7
Tue Sep 05, 2017 2:00 pm
Forum: Personal Consumer Issues
Topic: Wedding gift with Being in the Wedding
Replies: 14
Views: 1123

Re: Wedding gift with Being in the Wedding

I know this is quite a debated/talked about topic. I have seen most average around $100-200 per person. However these are mostly for attending people's weddings. I am wondering about the amount to give if you are in the wedding? My expenses for this wedding are as follows: Tux rental $200 Flight $4...
by 8foot7
Thu Aug 31, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: iPhone tempered glass...$6 vs $50?
Replies: 17
Views: 1435

Re: iPhone tempered glass...$6 vs $50?

If the wholesale cost of cracked screen replacement was $100, they're counting on less than 50% broken screens, which seems like a fair bet. They can sell snake oil coating with same warranty. https://www.squaretrade.com/1051b/iphone-warranty [didn't readily find a good comparison of warranty with ...
by 8foot7
Thu Aug 31, 2017 7:58 am
Forum: Personal Consumer Issues
Topic: iPhone tempered glass...$6 vs $50?
Replies: 17
Views: 1435

Re: iPhone tempered glass...$6 vs $50?

On the side I do phone repair. I buy these protectors in bulk for $1.50 each and sell them for $15 alongside a screen repair. As far as I know there is no difference in any of them.
by 8foot7
Thu Aug 31, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: When to give resignation notice
Replies: 64
Views: 6613

Re: When to give resignation notice

Did you have a copy of the employee handbook where this notice is required before you accepted the position?
by 8foot7
Tue Aug 29, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Administration Question
Replies: 65
Views: 4316

Re: Estate Administration Question

Scenario: Single person passes away, leaving modest estate requiring probate. All financial accounts (savings, checking, investment) have designated POD/TOD beneficiaries. Joe is named executor of the estate by the decedent’s will. Joe files the will with the probate court and receives “letters of ...
by 8foot7
Tue Aug 29, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's doctor sent bill to collections without ever mailing anything to us
Replies: 10
Views: 1818

Re: Wife's doctor sent bill to collections without ever mailing anything to us

It is generally never a good idea to just pay a collector when they call you. You should always ask for a validation of the debt. This gives you own time to research the issue with the original debtor. Now you have a paid collection, when at a minimum you could have negotiated a "pay for delete" ar...
by 8foot7
Tue Aug 29, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Should we let MIL pay off our mortgage?
Replies: 69
Views: 8801

Re: Should we let MIL pay off our mortgage?

This plan is unsound from the get-go. You should be renting out your 410k house for about $4,000 a month. If you can't get that, it's not a good rental property, regardless of where you get the financing.
by 8foot7
Sat Aug 26, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: How to Break Up With Your Lender
Replies: 7
Views: 1255

Re: How to Break Up With Your Lender

Just did this. Applied and was approved for a 80/10/10 loan with preferred lender in April. Not really 80/10/10, more like 57/22/20 since we were putting down 20% in cash. Preferred lender refused to qualify us for jumbo and wouldn't commit to interest rate at all on the subordinate financing until ...
by 8foot7
Fri Aug 25, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 Tax Bill Letter - Please Help
Replies: 32
Views: 2066

Re: IRS CP2000 Tax Bill Letter - Please Help

You will not get an offer in compromise unless you are beyond destitute and even then it's iffy. For 5k put it on an installment to get them out of your hair and then pay it off ahead of schedule if you can.
by 8foot7
Thu Aug 24, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: stopped check / holder in due course
Replies: 13
Views: 1246

Re: stopped check / holder in due course

It would appear you are on the hook for the amount of the check. I'd probably offer to come by with $1,000 in cash to settle the matter and they can eat the $30 fee, but that's just me.
by 8foot7
Thu Aug 24, 2017 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Why do we consider cash flow from rentals but not our own homes?
Replies: 89
Views: 5876

Re: Why do we consider cash flow from rentals but not our own homes?

If all landlords were simply able to increase rents at will as their costs increased (as MindBogler claims), apartment REITs would have absolutely stable & predictable earnings & cash flows, wouldn't they? I doubt that's the case. Over time, property that is rented out that does not cover taxes, up...
by 8foot7
Thu Aug 24, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Why do we consider cash flow from rentals but not our own homes?
Replies: 89
Views: 5876

Re: Why do we consider cash flow from rentals but not our own homes?

They aren't paying for those things, at least not any more than someone who purchases a car is paying for crash tests, factory emissions testing and manufacturing line maintenance. You are paying rent, that is it - what the landlord does with that income to cover their costs is a distraction at bes...
by 8foot7
Wed Aug 23, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Personal Loan to Repay 401k loan upon separation?
Replies: 7
Views: 532

Re: Personal Loan to Repay 401k loan upon separation?

I'm nearing the end of the selection process for federal employment, which will have a much better pay & retirement than my current local government job. I'm confident that I'll have an offer on the table soon. I have a decision to make about a 401k loan. I've got an active residential 401k loan. T...
by 8foot7
Wed Aug 23, 2017 7:55 am
Forum: Personal Consumer Issues
Topic: Rental car booted for prior unpaid parking tickets
Replies: 31
Views: 3569

Re: Rental car booted for prior unpaid parking tickets

I think this is standard practice in the industry. It's happened to me twice, with two different rental companies, Enterprise and Hertz. So I don't think swearing to not use that company again will help. If a tire goes flat during your rental period, it's your problem. It's one of the many many rea...
by 8foot7
Tue Aug 22, 2017 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Landlord - collections
Replies: 13
Views: 1250

Re: Landlord - collections

The collector is going to take a huge percentage of whatever they collect and there is little guarantee that they will collect anything. You could do it if you wanted to but you might as well write it off in your head and if something comes along, it'll be a nice surprise. I would recommend against ...
by 8foot7
Tue Aug 22, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: 401k match [company withholding income to offset company match]
Replies: 21
Views: 1483

Re: 401k match [company withholding income to offset company match]

This doesn't pass the smell test. It's not really profit sharing if they share with one hand and take back an equal amount with the other. Has anything actually happened? I might reach out to the plan administrator to determine if this is kosher, or the dept of labor.
by 8foot7
Tue Aug 22, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Why do we consider cash flow from rentals but not our own homes?
Replies: 89
Views: 5876

Re: Why do we consider cash flow from rentals but not our own homes?

UKFred wrote:
Tue Aug 22, 2017 11:09 am
Can you eat that cash flow?
Since you can't, will you send that cash flow to me?
by 8foot7
Tue Aug 22, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7379

Re: School Redistricting - What should we do?

stoptothink wrote:
Mon Aug 21, 2017 10:49 pm
I have no advice, but this is one (of several) reasons why putting a lot of emphasis on the school district when purchasing a home makes little sense to me.
You're free not to, but everyone else will.
by 8foot7
Tue Aug 22, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: Rental car booted for prior unpaid parking tickets
Replies: 31
Views: 3569

Re: Rental car booted for prior unpaid parking tickets

I think I'd leave the car where it was, tell Hertz where it is and what happened, and Uber or Lyft my way to Avis or National.
by 8foot7
Mon Aug 21, 2017 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Accidental landlord turning to for sale by owner
Replies: 40
Views: 4996

Re: Accidental landlord turning to for sale by owner

While I would not say she was obnoxious, her requests bordered on it -- in the middle of our move with boxes and crap everywhere she asked if someone could come be shown the place with 30 minutes notice. Another time she asked for a dinnertime showing, again with just a couple of hours of notice, a...
by 8foot7
Mon Aug 21, 2017 5:55 am
Forum: Personal Consumer Issues
Topic: 2018 Merc S560, 2018 Lexus LS500 Discounts?
Replies: 38
Views: 3704

Re: 2018 Merc S560, 2018 Lexus LS500 Discounts?

When you tell the world about your new expensive car, do you want to emphasis that you are in a position to buy these cars NO QUESTIONS ASKED and don't need to nickel and dime few ten thousands off the price? If anybody says you could have paid less, tell them to their face, "I don't need to" . I p...
by 8foot7
Sat Aug 19, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 85
Views: 7221

Re: DUI lawyer - need advice

Smartest thing the defendant did was not to take a breathalizer test. I don't know what the guy paid his lawyer to defend him, but I think if you asked him he'd tell you it was well worth it. In some (many? states) if you refuse to take a blood or breathalyzer test , they can suspend your license u...
by 8foot7
Sat Aug 19, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 85
Views: 7221

Re: DUI lawyer - need advice

One thing the "don't get a lawyer; I've seen how it goes down in court" folks are missing is how lots of the people with lawyers got to plead down to something lesser. Kick the kid's a** within the family but get a lawyer.
by 8foot7
Fri Aug 18, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Debt collector called, should we call them back?
Replies: 15
Views: 2090

Re: Debt collector called, should we call them back?

Never speak with these people on the phone. In writing, certified mail, or it didn't happen.
by 8foot7
Thu Aug 17, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Model Home Purchase/Leaseback
Replies: 16
Views: 1368

Re: Model Home Purchase/Leaseback

BigOil wrote:
Thu Aug 17, 2017 8:09 am
Also include anything you want left behind (...reefer, etc.).

Didn't know you could ask for this. Live and learn! :sharebeer