Search found 218 matches

by Mlm
Tue May 01, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Help me get on top of some debt before college expenses arrive...
Replies: 50
Views: 2755

Re: Help me get on top of some debt before college expenses arrive...

The priorities you had 27 years ago don't appear to be working in your life today. You have a lot of debt at your stage of life and you should be concerned as you appear to be. There are many ways to get on top of this problem but it is going to rely on your ability to reprioritize your goals. Maybe...
by Mlm
Mon Apr 30, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 17332

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

At the moment, they don’t really seem to care he doesn’t have a co-signer. Believe me, they care because he didn't qualify for the lease (loan) on his own. They may either ask him to sign a new lease with a higher rate or have him return the car. It's probably a good time to think about your option...
by Mlm
Mon Apr 30, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 17332

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

Was it just his income or both incomes that were used to qualify for the lease? If it was just his I would ignore the dealer.
by Mlm
Wed Apr 25, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security computing question
Replies: 12
Views: 1206

Re: Social Security computing question

All, My full retirement age is 66 years and 4 months and I am currently 61 y/o. I have an acct at SS.gov and know my various benefits payable at different retirement age levels, but this is based on working up until that age. I cannot however, find any data providing estimated benefit levels based ...
by Mlm
Mon Apr 23, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Surveys
Replies: 44
Views: 2312

Re: Emailed Vanguard Survey from "GfK". Possible spam or phishing?

Regarding surveys from Vanguard's website on 12/26/17: https://investornews.vanguard/heres-how-you-know-our-email-survey-is-valid/ If you receive an email from "eonline.e-vanguard.com" that invites you to participate in a research study, you can confirm it's valid if it contains one of the following...
by Mlm
Tue Apr 17, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Homebuyer buying a FSBO home, help!
Replies: 11
Views: 1056

Re: First Time Homebuyer buying a FSBO home, help!

I would never buy from a FSBO. By definition, they are trying to save on every possible fee. They will nickel and dime you. IF you still want to proceed beware. I can only speak for myself but I got a nice deal and was not nickel and dimed at all. I knew the market well and was working with a Realt...
by Mlm
Tue Apr 17, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Retire early. Do you think it is possible?
Replies: 33
Views: 3297

Re: Retire early. Do you think it is possible?

There are millions of other people who don't have a lot of money saved and yet they don't die off shortly after retirement. Just wondering. Well, some of those people -might have worked until they were eligible for Medicare at age 65 -might be disabled and qualified for Medicare prior to age 65 -mi...
by Mlm
Sun Apr 15, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Homebuyer buying a FSBO home, help!
Replies: 11
Views: 1056

Re: First Time Homebuyer buying a FSBO home, help!

I purchased a FSBO. The seller had a standard purchase offer that I had my attorney review. The attorney also gave me a disclosure form to have the seller fill out. In hired an inspector and my attorney handled the title insurance and the closing with the sellers attorney. I never even considered hi...
by Mlm
Sat Apr 14, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help w/ taxes re: Basic Star credit
Replies: 2
Views: 316

Re: Help w/ taxes re: Basic Star credit

If you didn't receive a check just deduct the exact amount of property taxes you paid. ($10K). Some people might get a check depending on when they purchased their home.
by Mlm
Fri Apr 13, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable prescription drug
Replies: 42
Views: 3684

Re: Unaffordable prescription drug

Would it be worth it to send the journal articles about the drug in relation to my condition to the insurance company? The studies were done in the Netherlands, not the United States. No, your physician should be doing an appeal for you. He/She needs to present your medical records as part of the p...
by Mlm
Fri Apr 13, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Unaffordable prescription drug
Replies: 42
Views: 3684

Re: Unaffordable prescription drug

Has your Doctor taken this fully through the appeals process including a third party review? He should be able to prove your case that this drug is your only available option.
by Mlm
Wed Apr 11, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 no beneficiary option
Replies: 9
Views: 959

Re: Capital One 360 no beneficiary option

This is why I closed my Capital One 360 and went to Ally Bank.
by Mlm
Tue Apr 10, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Paystubs still show single, even though we're married?
Replies: 58
Views: 2116

Re: Paystubs still show single, even though we're married?

BuyHighSellLow wrote:
Tue Apr 10, 2018 7:39 pm
we maintain separate checking accounts and send each other any money we owe the other based on the month's expenses.
In that case I suppose you could send your wife a bill if you had too much withheld percentage wise.
by Mlm
Sat Apr 07, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 14771

Re: Parents have zero savings. What can I do?

Tell them that they need to start researching what they'll get from Social Security + Medicare and how they'll scale back their lifestyle to live on that. It's done every day. The minute you give them the impression that you'll step-in you'll be counted on - and they won't be looking for other opti...
by Mlm
Sat Apr 07, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: !Please Advise on sensible housing for guy going through divorce!
Replies: 32
Views: 2726

Re: !Please Advise on sensible housing for guy going through divorce!

When I was between permanent homes I rented in an extended stay hotel for about three weeks and hated it. I then moved to a nice apartment complex and was able to negotiate a six month lease for a little more per month than a one year lease. I took a bed, table, chair and purchased a TV. About three...
by Mlm
Fri Apr 06, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Closing on house...Signed before educating myself :(
Replies: 8
Views: 1469

Re: Closing on house...Signed before educationing myself :(

Why can't the seller get the building inspector to clear the CO? Was it done without the a permit?
by Mlm
Fri Apr 06, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Car was totaled, next steps?
Replies: 18
Views: 934

Re: Car was totaled, next steps?

I think you should be talking to the claims adjuster. The replacement value should be for the exact clone of your car in your area. You should also be reimbursed for sales tax, registration fees and any other transaction costs. If you want to replace that car with one of lesser mileage than that exp...
by Mlm
Thu Apr 05, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise/promotion with another offer in hand
Replies: 103
Views: 6952

Re: Asking for a raise/promotion with another offer in hand

Congrats on your new job. As I moved through the ranks I found that I always had to leave my current employer in order to advance.
by Mlm
Sun Apr 01, 2018 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 44
Views: 3168

Re: Can we afford this house?

This is a tough crowd for getting “permission” to buy a house. No matter what your finances look like, more than one person will tell you no, you should wait six months/a year/2 years. Some will even say you should never buy. It looks like PITI is ~40% of your take home after 401k and HSA? That sou...
by Mlm
Sun Apr 01, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 90
Views: 10274

Re: Retire at 55, what's the magic number

Iliketoridemybike wrote:
Sun Apr 01, 2018 8:46 pm
25x-30x expenses, conservatively.
Agree
by Mlm
Sun Apr 01, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 44
Views: 3168

Re: Can we afford this house?

sergio wrote:
Sun Apr 01, 2018 8:11 pm
wife will work starting 2019

Baby (1st) due this September
I would save for 2 more years and reevaluate.
by Mlm
Mon Mar 26, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: My turn to ask - am I ready for retirement - can I say I'm FI?
Replies: 41
Views: 4582

Re: My turn to ask - am I ready for retirement - can I say I'm FI?

With that level of spending I would not be comfortable. You probably need three more years since you are the higher earner. Ten years until SS requires much more than you have at the expense level you want. If the market tanks 15-25% you could be in trouble. What you present it is a very slippery sl...
by Mlm
Sat Mar 24, 2018 10:35 pm
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 12276

Re: Seasoned bogleheads repressing the thought of lower expected returns

I actually like beans and rice so I am not overly concerned. Plus there are ways to cut back on expenses if necessary or work longer if able.
Thinking ahead is a wise plan. Prepare for the worst and hope for the best
by Mlm
Thu Mar 22, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Notice Help
Replies: 11
Views: 768

Re: IRS Notice Help

ThankYouJack wrote:
Thu Mar 22, 2018 12:27 pm
For example, on 2/14/16 I tax loss harvested from All-World Ex-US to Total International.
Why would you tax loss harvest and not report the sale on Schedule D ?
by Mlm
Tue Mar 20, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 4558

Re: Buying vs renting - really tough decision to make

TheBogleWay wrote:
Tue Mar 20, 2018 8:59 pm
Because, when you buy a house, you gain equity.
Who taught you that? Home ownership is an expense. Equity can go up but it can also go down.
by Mlm
Tue Mar 20, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 4558

Re: Buying vs renting - really tough decision to make

Financially I think the best decision is to wait until you are married and make joint decisions
by Mlm
Tue Mar 20, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 3797

Re: Home equity as part of retirement plan

I don't figure it in as far as an asset is concerned. It's part of my retirement plan as far as my house is paid off and offers me a cheap place to live. I thank my former self every day that I bough a small house with a first floor bedroom and a first floor full bath twenty years ago. It's a quirky...
by Mlm
Tue Mar 20, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of RMD on Inherited IRA
Replies: 6
Views: 448

Re: Timing of RMD on Inherited IRA

Your financial institution should be able to calculate and set up automatic RMD's for you. Vanguard calculates my Inherited RMD for me based upon my age when inherited (IRS Table 1) They pay the distribution to me on the date I set (must be made by 12/31/XX each year) They can also withhold federal ...
by Mlm
Mon Mar 19, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement will cost the average American $828,000
Replies: 36
Views: 5964

Re: Retirement will cost the average American $828,000

That article sort of contradicts this article by The Motely Fool in June 2017

https://www.fool.com/retirement/general ... et-lo.aspx

which states $44.6 per household before SS. That makes a lot more sense for the "average" household.
by Mlm
Mon Mar 19, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement will cost the average American $828,000
Replies: 36
Views: 5964

Re: Retirement will cost the average American $828,000

Adults 65 and over spend roughly $46,000 annually, according to the Bureau of Labor Statistics. Since this article equates $46K annually to a savings goal of $828K, it appears that SS is not part of the spending calculation. Lets say that the average person has $1,600 per month in SS. That's 19.2 +...
by Mlm
Sun Mar 18, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement - Fear of the Unknown
Replies: 34
Views: 3711

Re: Retirement - Fear of the Unknown

I was unemployed at 61 and decided to just retire at that time. I didn't have a clue what I was going to do with my time although I knew that financially I would be OK. I had a lot of friends that were able to retire in their 50's due to government pensions who told me that it might take a year or s...
by Mlm
Wed Mar 14, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out inherited IRA or just take RMD's?
Replies: 19
Views: 1465

Re: Cash out inherited IRA or just take RMD's?

I would take the stretched out RMD's. This gives you the ability to shelter funds from taxation while they grow for decades. If you are ever unemployed or in a financial bind you could withdraw more and pay the tax at that time. You have been given a wonderful gift, why give a large portion to the g...
by Mlm
Tue Mar 13, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Social Security Estimate
Replies: 6
Views: 783

Re: Calculating Social Security Estimate

I'm exactly sure what you are looking for but this may help. You can submit a future year and see the indexing factor used.

https://www.ssa.gov/OACT/COLA/awifactors.html
by Mlm
Mon Mar 12, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can a 2017 IRA contribution in 2018 cause the loss of ACA premium tax credits?
Replies: 8
Views: 590

Re: Can a 2017 IRA contribution in 2018 cause the loss of ACA premium tax credits?

According to https://www.healthinsurance.org/faqs/if-my-income-is-less-than-expected-this-year-i-might-be-eligible-for-medicaid-what-can-i-do-during-open-enrollment-to-cover-my-bases/ If you receive an advance premium tax credit and then your income actually ends up being under 100 percent of povert...
by Mlm
Fri Mar 02, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Budget Check (paging Watty / KlangFool)
Replies: 86
Views: 6720

Re: Housing Budget Check (paging Watty / KlangFool)

Hi BH! Big news on my end is that I'm expecting my first child in two months. All of a sudden, our lovely 2-bed is feeling a bit small! topofthebellcurve, Financially, you can afford to buy a house. But, this is probably your first baby. Having more room in a new house with a new baby is going to m...
by Mlm
Mon Feb 26, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: It's Official - We're Done
Replies: 51
Views: 11966

Re: It's Official - We're Done

Take a little time to celebrate all your hard work. :thumbsup :moneybag
by Mlm
Mon Feb 26, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting a cell phone bill
Replies: 35
Views: 2004

Re: Splitting a cell phone bill

My sister charges me to be on her family plan. If her cost to add me increases I expect her to charge me that amount. If I could do better on my own I would.
by Mlm
Tue Feb 20, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4618

Re: Giving up on first home

Is there something in particular that’s going wrong ?
Like extensive repairs that showed up in the inspection that you don’t have the time and energy for ? If that’s the case then yes I would bail out on the deal.
by Mlm
Mon Feb 19, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping state tax refund off of ACA MAGI
Replies: 7
Views: 556

Re: Keeping state tax refund off of ACA MAGI

You will still get a 1099G from the state no matter how the refund was received. Cash or applying it to the following year makes no difference.
by Mlm
Sun Feb 18, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 52
Views: 3714

Re: Looking for some help and fast (buying vs renting, net worth)

I really don't think one more year will make any meaningful difference long term. The stock market or the housing market could go up or it could go down in one year. If you can afford the payments and you have a plan to be prepared for the future you should be good to go.
by Mlm
Mon Feb 05, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 12 month CD now 2.00%
Replies: 64
Views: 13761

Re: Ally Bank 12 month CD now 2.00%

Watts wrote:
Mon Feb 05, 2018 12:32 pm
Looks like the Ally 12-month CD is back at 2.0% rate with $20K minimum deposit.

https://www.ally.com/bank/high-yield-cd/
I opened a 12 month CD on 1/24 @1.85%. I just checked it and they show 2%. Thanks Ally, nice.
by Mlm
Sun Feb 04, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best rule of thumb for determining home affordability?
Replies: 54
Views: 2779

Re: Best rule of thumb for determining home affordability?

I would never base my home or rent affordability based on a simple rule of thumb. What has served me very well is zero based budgeting because everyone’s personal situation is different. There are just so many things that can affect your personal affordability and your ability to live within your me...
by Mlm
Mon Jan 29, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Data on average non-retirement savings
Replies: 5
Views: 841

Re: Data on average non-retirement savings

My non-retirement savings is larger my retirement accounts. The reason is that I was a late starter in the savings arena and had to make up for lost time. For a large portion of my career I didn't have access to a 401K and had to save on my own. When I did have a 401K I invested the tax savings and ...
by Mlm
Thu Jan 25, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!
Replies: 13
Views: 1286

Re: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!

Don't sweat it. Providers billing software transmit duplicate claims all the time. Just wait for the insurance company to deny it as a duplicate.
by Mlm
Fri Jan 19, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mother In Law's new boyfriend...
Replies: 28
Views: 3513

Re: Mother In Law's new boyfriend...

If you’re not concerned about an inheritance then a prenup should not be a concern of yours. I would caution her however to not co-mingle accounts or debts.
by Mlm
Fri Jan 19, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 219
Views: 34636

Re: How to Minimize Your Emergency Care Expenses

Great information. Thank you for taking the time to post this.
by Mlm
Wed Jan 17, 2018 7:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 304
Views: 29737

Re: Post your Financial Milestone Announcements Here

Congratulations to everyone :sharebeer I first posted here a year and a half ago and was so worried at that time due to an unexpected job loss. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=192652 I decided to retire at that time and continue to be frugal. I paid off my car loan and have been...
by Mlm
Wed Jan 17, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: [How to reserve funds for final expenses]
Replies: 10
Views: 631

Re: [How to reserve funds for final expenses]

You could ask him to set up a prepaid burial account to cover his final expenses. If he is not agreeable to that you could exercise your spousal right of election for his estate.

https://legal-dictionary.thefreediction ... f+Election
by Mlm
Tue Jan 16, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 15204

Re: Stats on When People Take Social Security

I'm a retired single female,61. I am holding off taking SS until 65 or maybe FRA 66.2 It's not because I am female and might live longer It' not because I am in great health It's not because there is family longevity The reason I am waiting is becausee of health insurance. With such a low income I c...