Search found 690 matches

by JGoneRiding
Tue Jun 27, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Living on Credit [obtain loan to build $25K house?]
Replies: 3
Views: 318

Re: Living on Credit [obtain loan to build $25K house?]

Will this "house" have running water, grid electricity, and septic? In my experience those are the 3 largest costs of building and cost about 10-15K each regardless of the size of house. At which point you are right building a 100k house is going to be easier. If you are not planning on th...
by JGoneRiding
Tue Jun 27, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 49
Views: 1898

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

Eagle wrote:
Baby was due June 18th so probably need to sit on the money for 20-30 days. It will take about 5-7 days to cash out the investment.



Did the baby come? Ours came Sat, hence me being gone for several days :D but I am recovering well now so i hope your wife is too!!
by JGoneRiding
Tue Jun 27, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 49
Views: 1898

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

D. Call something like navy federal or penfed. Ask about either a first line heloc or a 10/1 arm or even 10 yr loan. See if refi makes sense and plan to havr it done by then. Set it and forget it. I think we want to stay away from arm loans. I guess I don't know enough about them to understand what...
by JGoneRiding
Wed Jun 21, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking towards a million and retiring at 55.
Replies: 38
Views: 5411

Re: Tracking towards a million and retiring at 55.

https://www.irs.gov/publications/p523/ar02.html#en_US_2016_publink100011707 Took a while to find it, how to calculate gain loss, step 1: you didn't use as rental after May 1997 Or ypu occupied continously and not as rental since Jan 2009 (when the prorating started) op fails both so like I said Comp...
by JGoneRiding
Wed Jun 21, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 62
Views: 5447

Re: Co-workers advising to buy house RIGHT NOW

Last time I heard people talking like that was right before the housing crash beginning in 2006. And at the top of the dot com bubble of tech stocks. I don't know if it is true or not but supposedly one of the big investors in the 1920's was able to avoid the stock market crash in 1929 when he sold...
by JGoneRiding
Tue Jun 20, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 62
Views: 5447

Re: Co-workers advising to buy house RIGHT NOW

Housing is extremely local and very personal. Buy when it makes sense for you and your family both from a financial and personal life plan place. I bought 6 months to early in 2008 (or really 6 weeks would have saved me 10k but who knew the government was just going to give money away) but it still ...
by JGoneRiding
Tue Jun 20, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Planning Around Partner's Student Loans
Replies: 30
Views: 2060

Re: Planning Around Partner's Student Loans

I would not bet that these loan forgiveness plans will be around for another 20 years. +1 I was going to say all of our crystal balls are broken but I guarantee the loan forgiveness program will look different in 20 years. It has to the way it is right now the loans are allowed to balloon massively...
by JGoneRiding
Tue Jun 20, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking towards a million and retiring at 55.
Replies: 38
Views: 5411

Re: Tracking towards a million and retiring at 55.

Why do you have two young cars??? I would think the plan would improve dumping one. Can you live comfortable off of 60k a year? I would think yes in most locals and no in some as a single person but only you really know. If that is yes then of course you can retire, you have 2 COLA pensions (fers an...
by JGoneRiding
Tue Jun 20, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: WWYD? Cash in Investment to Pay Off Mortgage Question
Replies: 49
Views: 1898

Re: WWYD? Cash in Investment to Pay Off Mortgage Question

D. Call something like navy federal or penfed. Ask about either a first line heloc or a 10/1 arm or even 10 yr loan. See if refi makes sense and plan to havr it done by then. Set it and forget it.
by JGoneRiding
Tue Jun 20, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Liability with dogs, hypothetical
Replies: 67
Views: 2938

Re: Liability with dogs, hypothetical

Invisible fences might not be foolproof, but other than initial issues with a Beagle, we've had 15 years of keeping our dogs where they belonged. We have LOADS of prey going by, all the time, but the dogs don't cross the line. Yeah, that's all great until your dog crosses the line. It happens. Past...
by JGoneRiding
Tue Jun 20, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Liability with dogs, hypothetical
Replies: 67
Views: 2938

Re: Liability with dogs, hypothetical

My advice as a vet--if your dog is an unclear mixed breed NEVER admit its half/part pit. Always say its a great dane mix/lab mix/boxer mix/ American bull dog mix (I actually think this is the much more aggressive breed)--anything that can explain the big head odd ear set pattern. I have ordered a D...
by JGoneRiding
Tue Jun 20, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Liability with dogs, hypothetical
Replies: 67
Views: 2938

Re: Liability with dogs, hypothetical

mhalley wrote:Maybe instead of a no trespassing sign, a beware of the dog sign?


No don't do that, NEVER do that!! In many states it assumes a level of responsibility because now you "knew" that your dog was potentially dangerous. If you do do it make it funny--beware of mini Chihuahua kind of sign.
by JGoneRiding
Tue Jun 20, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Liability with dogs, hypothetical
Replies: 67
Views: 2938

Re: Liability with dogs, hypothetical

My advice as a vet--if your dog is an unclear mixed breed NEVER admit its half/part pit. Always say its a great dane mix/lab mix/boxer mix/ American bull dog mix (I actually think this is the much more aggressive breed)--anything that can explain the big head odd ear set pattern. Also if I was writi...
by JGoneRiding
Tue Jun 20, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Widowed mother - siblings try to make a plan
Replies: 30
Views: 2331

Re: Widowed mother - siblings try to make a plan

So as a board we have gone way over the emotional issues but no one has really discussed the financial what ifs. How should OP (brother) title this house?? If its in just his and wife name and they divorce Mom is SOL and the house could be forced sold--then brother and Mom have to find another place...
by JGoneRiding
Mon Jun 19, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mid/Late 20's - Student Loan Paydown vs Saving for Retirement
Replies: 10
Views: 892

Re: Mid/Late 20's - Student Loan Paydown vs Saving for Retirement

Having 3 loans for federal are you eligible for a federal consolidation? I might start there as you keep the flexibility you mentioned but also could lower rate. Otherwise I would look into private refi and like Meg said I would stop futter contributions to ef (though maybe not deplet it) until big ...
by JGoneRiding
Mon Jun 19, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: social security benefits from deceased spouse?
Replies: 5
Views: 420

Re: social security benefits from deceased spouse?

Yes he can apply for survivors benefits right now and since he is already over retirement age I don't think there is any penalty for him working so should do that asap. Then his benefit can grow until age 70 (assuming his is higher seems likely)
by JGoneRiding
Mon Jun 19, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: Want to downsize, see "to do" list. What to tackle first?
Replies: 39
Views: 3721

Re: Want to downsize, see "to do" list. What to tackle first?

Talk to your realator. I think your list looks reasonable and in the correct order. I can tell you as a buyer that is the order I would be concerned about things. The carpet I might give a kick back for. It killed me tearing out what I knew was 1-2 yr old carpeting in the house we just bought but wh...
by JGoneRiding
Mon Jun 19, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2808

Re: Negotiating a House Using Seller's Agent (opinions wanted)

What is the rental market like?? The seller may flat not be able to afford to sale at the price you are asking (depending on how much they put down) They may also be trying to get their agent to cut some back to them (not unusual if they end up getting both sides of the commission) They may have a p...
by JGoneRiding
Mon Jun 19, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Returning down payment to 403(b)
Replies: 13
Views: 745

Re: Returning down payment to 403(b)

I should have no 10% penalty because I am over 59 1/2 and they took 20% out for taxes already. It appears that I can put up to $54,000 into my 403b in a single year, so my plan is to add much of the funds back this year. Vanguard said they would accept it as long as my plan agrees to send it. What ...
by JGoneRiding
Mon Jun 19, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 2352

Re: Mortgage and Low-Income

I would look to rent in the area at first in order to get to know the area better and also what your income will really be. Then run the numbers as others have mentioned. +1 Even if you had the money to pay cash for a house it would still be good to rent for six months or a year to make sure that y...
by JGoneRiding
Sun Jun 18, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan vs Mortgage
Replies: 29
Views: 1982

Re: Auto Loan vs Mortgage

I was paying pmi until last week. As I hadn't paid the loan down nor hit the 24 month mark I didn't bother with the first lender. Just refined from 4% to 3.8% but removed pmi. Closing cost about 2400. Totally worth it and they waved aprisal. I would consider that route asap. No way would I pay off a...
by JGoneRiding
Sun Jun 18, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pass-Through Giving
Replies: 4
Views: 448

Re: Pass-Through Giving

Omg do people never search! We just went through this last month. Exact same topic. And I think Gill gave the exact same answer!
by JGoneRiding
Sun Jun 18, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2808

Re: Negotiating a House Using Seller's Agent (opinions wanted)

Factoring in the agent's commission, the seller is probably just about getting what they paid for the house back in 2012 with a $393 sale price...not that that has anything to do with the current value of the house. Sometimes, it just takes time for sellers to accept that they are going to lose mon...
by JGoneRiding
Sat Jun 17, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16314

Re: Siblings in disagreement over mom's house.

How about gifting your shares? You and your siblings that don't want it can gift shares to the others that want it. I don't see why you would fight over approx. 50k. Really? That is 2 years of college for one of my kids. Yep, that's just crazy talk. Not many of us that would give away $50K just to ...
by JGoneRiding
Sat Jun 17, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected raise while househunting-- should I change my budget?
Replies: 21
Views: 2254

Re: Unexpected raise while househunting-- should I change my budget?

I would totally keep your realistic budget the same and go ahead and spend the extra on the rest of life. Controlling housing costs to enjoy life with vacation and a dog sounds like a really great plan.
by JGoneRiding
Fri Jun 16, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5061

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I'm considering this as well. Looking to buy a larger home but wouldn't mind input from the community. Existing property is a 2br/2.5ba townhome in a HCOL area. Recent comps are about $550K and average rents for this type of unit are approximately $2,500/mo. I own it outright. Assume I'd be doing a...
by JGoneRiding
Fri Jun 16, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage amount vs savings vs interest deduction
Replies: 26
Views: 1514

Re: Mortgage amount vs savings vs interest deduction

You are behind on retirement savings relative to your HHI and ages. I would be considering this fact when deciding how much to put down. (at 35 the standard rec I believe is between 1.5 and 2x income and you are not at income) I would leave enough in "money I can't touch pot" to meat at le...
by JGoneRiding
Thu Jun 15, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5061

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

Yes they take between 8-10% of the rent. For me that is easily worth getting rid of the HUGE headache that I see as the biggest complaint see I don't understand how anyone could say the ROI is good if they are giving away 8-10% of the profit?? That is what BHs are always complaining about and usual...
by JGoneRiding
Thu Jun 15, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4777

Re: Curious to odd estate question

I am going to relay the crypto currency idea...where the executor would convert all assets into bit coins (or whatever) and then lose the key. That seems like it would satisfy his innate desires and seems relatively simple. He can work out the details. But it appears this would legal and workable. ...
by JGoneRiding
Thu Jun 15, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4777

Re: Curious to odd estate question

The government would mildly benefit from the above but not enough to notice (the 501 idea) Does the crazy dude have not a single living relative? I would think so much as one cousin or nephew no mater how much he could get an excuter to agree to a crazy idea it will get challenged in court. Even the...
by JGoneRiding
Thu Jun 15, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5061

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

Just depends on how hands on you like to be. One rental makes 500 per month after all costs and maintaince aND basically takes me 1 to 3 hours a month in terms of time. It's also only 10 yeas old so not to much to do yet. I expect the profit on that one to go to 800/month in 1 year. The second has 3...
by JGoneRiding
Tue Jun 13, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 4569

Re: Help My Mother "Survive"?

I honestly don't think you can help your mother. She is going to burn through all her savings and then have to apply for senior aid in a couple of years. You have 2 options: convince her that she can have a decent future if she will a) move to much cheaper place b) sell the car and buy a 3-5k car (r...
by JGoneRiding
Mon Jun 12, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Small company 401k
Replies: 30
Views: 1636

Re: Small company 401k

For such a small company you might conside simple Ira. I believe they are easier to administer and less "responsibility" to the company
by JGoneRiding
Mon Jun 12, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Feasible path to early retirement?
Replies: 18
Views: 1848

Re: Feasible path to early retirement?

Since you are looking at a 10 yr ish window and the house is already on a 13.5 yr plan I wouldn't aggressively pay it off. I might bump it up a tiny bit to make it paid off in say 12 years. Save the rest after every thing in the backdoor ROTHs and than taxable and you should be good either way in 10...
by JGoneRiding
Sun Jun 11, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Repairs - Whose to Pay?
Replies: 32
Views: 2748

Re: Rental Property Repairs - Whose to Pay?

Eat the cost, nickel and diming a good tenant isn't fair to them. You are clearly Not A landlord. The tenant is LEAVING noy asking for things to be fixed who cares if they were good they did damage that has to be repaired before someone else can move in. Op, people expect to be charged for carpet c...
by JGoneRiding
Sat Jun 10, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Buying property for my business/rent out the rest
Replies: 6
Views: 608

Re: Buying property for my business/rent out the rest

You would need to check with the bank to see if they would loan the money to the llc or not. It can be difficult to get. If you are buying with cash I would definitely set up a separate llc. Otherwise I would probably buy it with company A and title it to your company with I assume personal liabilit...
by JGoneRiding
Fri Jun 09, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: "Paying" a minor for otherwise uncompensated work
Replies: 37
Views: 2822

Re: "Paying" a minor for otherwise uncompensated work

If your dad had a business he could pay you and it is actually fairly easy (several on here make it much more complicated than it is for parent to pay child in business--he could have even started when you were little! no child work permit required) But I don't think there is any loophole to pay you...
by JGoneRiding
Fri Jun 09, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Handshake Deal for Home Purchase
Replies: 13
Views: 1978

Re: Handshake Deal for Home Purchase

You can generally purchase or download a standard "purchase agreement form" for your state from places like staples etc. Some states have them to download, others create them but you have to buy the form. Then you can both sign that and take it to a title company or lawyer depending on sta...
by JGoneRiding
Fri Jun 09, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your Savings?
Replies: 24
Views: 3219

Re: Where do you keep your Savings?

I keep a few different online bank accounts. 1 for Emergency Fund 1 for Car Savings 1 for Vacation Savings 1 for Expected large annual expenses such as insurance premiums I feel that this leads to an extra $20-30k that could be invested throughout the year. Does anyone have a similar situation? I d...
by JGoneRiding
Fri Jun 09, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 4216

Re: (Very) Early Retirement vs Parenthood

I know other women that like you were ambivalent about having kids or when to have kids vs career. Everyone that ended up with kids is very very glad they did. But it definitely changes life (well I still have a week to go or so but it is already changing life and i am sure much more to come!)
by JGoneRiding
Thu Jun 08, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Any tips on creating a budget for a SAHM ?
Replies: 24
Views: 1786

Re: Any tips on creating a budget for a SAHM ?

some form of shared app that appears on both your phones and is going to "ding" at her fairly quickly when she makes a purchase online? I hear YNAB is good
by JGoneRiding
Wed Jun 07, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Tip Toeing through Summertime 0% auto financing...
Replies: 14
Views: 1400

Re: Tip Toeing through Summertime 0% auto financing...

IF you were going to buy the car any way AND you don't spend more than you would if you were paying cash. I say why not take advantage of the cheap financing.
by JGoneRiding
Wed Jun 07, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Home purchase budget advice
Replies: 20
Views: 1466

Re: Home purchase budget advice

You have 460k sitting in non-retirement accts, I would pay off the car! I would also pay off any other loans you might have. Then I would make a real budget. You are massively padding your budget so it doesn't look like you can afford a house but you can. You can either spend 450k and put 350k down ...
by JGoneRiding
Tue Jun 06, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Small tax refund or owing taxes?
Replies: 35
Views: 2050

Re: Small tax refund or owing taxes?

Bec my income is variable I find getting to zero hard. I generally target about 500 owed
by JGoneRiding
Tue Jun 06, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Timing
Replies: 10
Views: 1153

Re: Refinance Timing

I just went through this (signed fri) so I feel your angst. Was Going to do a post. We didn't have FHA loan so I could have maybe gotten the lender to take it off. Thanks to a post on here about int rates being a little lower (we had been at 4%) I contacted an online lender that I had spoken with in...
by JGoneRiding
Mon Jun 05, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Achieving Balance: Targeting Top of 15%
Replies: 13
Views: 1630

Re: Achieving Balance: Targeting Top of 15%

Do you have/plan for children? If so, do you want to leave them a legacy or no? If yes to both a ROTH is a very tax efficient way of doing so. Plus as pointed out the money isn't THAT locked in you can count it as a back up EF or future wedding fund etc etc. That said paying down debt is only a bad ...
by JGoneRiding
Mon Jun 05, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Married filing separately vs staying single for tax savings
Replies: 31
Views: 2350

Re: Married filing separately vs staying single for tax savings

MFS will affect how you can save for retirement. Would need to look at all those rules. I believe it also makes the marginal bands even worse.

Your idea of not legally marrying for 5 years until then pslf kicks in does make sense. Unless children come along, in which case I would get married
by JGoneRiding
Mon Jun 05, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: How to create an account for foster kids?
Replies: 10
Views: 874

Re: How to create an account for foster kids?

Depending on your state you may not be able to do this at all. Trust accts etc can be emptied to "provide for the child" the state is going to see any money available to the child as available for their care NOW. I know of several cases in my liberal state where this was essentially what h...
by JGoneRiding
Sun Jun 04, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting Quandary
Replies: 46
Views: 6575

Re: Inheritance Decision

Buyouts will trigger substantial reassessment. For parent-child transfer of basis we need to decide division BEFORE distributuion. No one seems to speak of the tremendous advantage of ongoing 1/10th the property tax in very expensive California area. Monetized it would give single residence inherit...
by JGoneRiding
Sun Jun 04, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting Quandary
Replies: 46
Views: 6575

Re: Inheritance Decision

You're probably right johnra, but here's the rub: several other sibs may want to opt for stocks only and that may force me into prop ownersip with others disinclined to liquidate their prop interest(s). Rather than be a reluctant owner of older income-generating bldgs, the SFR has the benefit of pr...

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