Search found 35 matches

by OffTheGrid
Mon Jun 26, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus
Replies: 199
Views: 20148

Re: Capital One 360 $200 bonus

Did anyone get this $200 CapOne bonus after already having a CapOne 360 CD? It says not eligible if you've gotten a "savings product" from them before, but it sounds like at least one person on Dr. of Credit (in their post's comments) got the bonus and had a CD in the past... Seems like th...
by OffTheGrid
Thu Jun 22, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 2352

Re: Mortgage and Low-Income

Thanks for the additional insight about down payments, I appreciate it. I wasn't really interested in stretching beyond 20%, but I wanted to hear if there were other considerations I didn't think of... As for not "fitting in" in a certain neighborhood, I'm not quite sure I agree. I'd say I...
by OffTheGrid
Wed Jun 21, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 2352

Re: Mortgage and Low-Income

Just want to check again to see if there is anyone who can give insight on whether or not putting MORE than 20% down on a house is a bad idea? I'm really interested in knowing whether that's ever a good idea because we will have a large amount (at least $40k to $50k) to COMFORTABLY put down on a hou...
by OffTheGrid
Sat Jun 17, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 2352

Re: Mortgage and Low-Income

Thanks all for the advice. It looks like short-term rental will be the way to go first if we do move. I am curious... is it ever wise to put down more than 20% on a house? For example, we actually do have ~$10k more in savings that we're comfortable spending to add to the $41k for a down payment (th...
by OffTheGrid
Fri Jun 16, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 2352

Re: Mortgage and Low-Income

As a mortgage banker, we have to verify "income consistency," and that means that wages earned in a new job usually don't count until they have been earned for 1-2 years. There are exceptions - for example if you have a long term employment contract have moved immediately from a similar j...
by OffTheGrid
Fri Jun 16, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 2352

Mortgage and Low-Income

I've been reading through a lot of threads lately about buying homes, but haven't yet seen anything for people who are buying with very limited funds/incomes. Our family is considering moving out of state for a job; the area is comparable to where we live now, property taxes are low and both states ...
by OffTheGrid
Fri May 12, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: New with a Question. [Where to save cash to pay taxes?]
Replies: 9
Views: 770

Re: New with a Question. [Where to save cash to pay taxes?]

Not to hijack this thread, but since the question/concern has been raised... I was under the impression certain criteria had to be met before being penalized for not paying taxes quarterly. Maybe this isn't relevant to the discussion because, obviously, it sounds like OP will owe a decent amount of ...
by OffTheGrid
Tue May 02, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Truck purchase: buy new vs buy used vs lease analysis
Replies: 23
Views: 2093

Re: Truck purchase: buy new vs buy used vs lease analysis

I know you're wanting a newer-feeling, gas-engine half ton, but I'd just thought I'd chime in: We've had both an '02 F350 (diesel, manual) and an '06 F250 (diesel, automatic) and both got them for a steal -- each under $7k. In fact, the '02 engine is actually a coveted model (they changed the engine...
by OffTheGrid
Mon May 01, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus
Replies: 199
Views: 20148

Re: Capital One 360 $200 bonus

Am I wrong in assuming this is a slightly different, but better promo? Looks like you can now get $400 ($200 per account for $1000 deposited) by opening both a checking and MM until the end of June:

https://www.capitalone.com/together360/
by OffTheGrid
Sat Apr 29, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: calculating best house value across US markets
Replies: 18
Views: 1915

Re: calculating best house value across US markets

ourbrooks -- I actually already deal with the things you mention. Definitely not the best situation and something I've learned to work through, but I honestly doubt we could move somewhere more rural in the mainland US. I didn't know about the Housing Price Index, and I will definitely be looking in...
by OffTheGrid
Sat Apr 29, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: calculating best house value across US markets
Replies: 18
Views: 1915

Re: calculating best house value across US markets

RoadHouseFan -- that's pretty much what I was thinking anyways. btenny -- how did you know I hate tornadoes?! I totally hate tornadoes, haha. I'd take a hurricane over that any day. But yeah, weather/climate is a factor too. Hopefully someplace southern will be pretty and warm. I'm tired of harsh wi...
by OffTheGrid
Sat Apr 29, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: calculating best house value across US markets
Replies: 18
Views: 1915

calculating best house value across US markets

This may seem an odd question to ask, but basically I'm wondering if there is a calculator or some way online to go about comparing how much house (on average) some X amount of money would get you across markets in the US. We'd really like to buy a home (or build/renovate extensively) somewhere with...
by OffTheGrid
Sat Apr 22, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1873
Views: 297224

Re: What's Your Credit Card Rewards Strategy?

Thanks FedGuy -- I had heard of (but was confused by) the Citi Double Cash card... I just don't understand why it isn't a straight 2% cash back. Seems so weird. I wasn't actually aware of the Fidelity Visa, so thanks for the tip! I'll look into both of these a little more, while considering the Amex...
by OffTheGrid
Sat Apr 22, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1873
Views: 297224

Re: What's Your Credit Card Rewards Strategy?

Posting here to get some advice on our cash back strategy... Goal: Primary goal is cash back, but because we live far away from friends and family we keep a travel card on hand for flights. Cards: ⋅ CapOne Quicksilver -- 1.5% cash back on everything + no fee. We use this for basically ever...
by OffTheGrid
Fri Apr 07, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 25168

Re: Low-earners- What is your profession?

This is a good thread -- I lurk around the forums and I'm always quite surprised by the amount of savings and income people have! Of course I'm aware its well above average. We're super-low earners. We have one toddler and make roughly $25k a year.... I just started up working more after having our...
by OffTheGrid
Tue Apr 04, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 25168

Re: Low-earners- What is your profession?

This is a good thread -- I lurk around the forums and I'm always quite surprised by the amount of savings and income people have! Of course I'm aware its well above average. We're super-low earners. We have one toddler and make roughly $25k a year, as I haven't worked full-time the last couple years...
by OffTheGrid
Mon Mar 06, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: liquidate EJ assets and then move to Vanguard?
Replies: 7
Views: 514

Re: liquidate EJ assets and then move to Vanguard?

Okay, thanks all for taking the time to explain. Just wanted to be clear on everything before moving ahead with this!
by OffTheGrid
Mon Mar 06, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: liquidate EJ assets and then move to Vanguard?
Replies: 7
Views: 514

Re: liquidate EJ assets and then move to Vanguard?

This is a plain-old investment account.

Please excuse my complete lack of knowledge when it comes to capital gains... I'm reallllly new with this stuff. He acquired it a little over year ago and it was valued at a $900 less. So would it be the $900 increase in value that is taxed?
by OffTheGrid
Mon Mar 06, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: liquidate EJ assets and then move to Vanguard?
Replies: 7
Views: 514

liquidate EJ assets and then move to Vanguard?

I'm a little unclear on the best method of transferring assets to Vanguard. We've got about $7500 of mutual funds over at EJ (I should say this is my husband's individual account that he inherited) that we want to move to a joint account at Vanguard. Since we're not keeping these funds and want to s...
by OffTheGrid
Sun Mar 05, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: different tax software, different refunds -- ACA credit problem?
Replies: 4
Views: 385

Re: different tax software, different refunds -- ACA credit problem?

Yeah I'm feeling confident with FreeTax now, glad to see others like it... I like being able to see the forms and I feel like I have more control. I've never used it before so that's why I was a little unsure, especially after the problems/different refunds I get with other software. I thought H&...
by OffTheGrid
Sun Mar 05, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: different tax software, different refunds -- ACA credit problem?
Replies: 4
Views: 385

Re: different tax software, different refunds -- ACA credit problem?

Update: just did FreeTaxUSA. Got yet another different refund, in between CreditKarma's and H&R Block's -- they included the amount of ACA premium credits we were owed in the refund, but lowered our EIC by just a little bit. I'm inclined to believe FreeTaxUSA is actually more accurate because I ...
by OffTheGrid
Sun Mar 05, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: The Joys Of Tax Season! :(
Replies: 55
Views: 4511

Re: The Joys Of Tax Season! :(

Rental properties are the WORST. We don't have any but I often do other family members' taxes as well. Had someone with a rental property they made major upgrades to and it was a nightmare trying to sort out. Got conflicting information everywhere I went! I'm not doing that person's taxes again this...
by OffTheGrid
Sun Mar 05, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: different tax software, different refunds -- ACA credit problem?
Replies: 4
Views: 385

different tax software, different refunds -- ACA credit problem?

So typically I buy TurboTax Business to complete our taxes (as well as several family members'). I'm trying out some free programs this year and thinking of doing the forms I need paid software for by myself (we need to file a 1041, 1116, and have some non-resident state income so this makes it impo...
by OffTheGrid
Mon Feb 27, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: moving & switching funds EJ -> Vanguard
Replies: 3
Views: 408

Re: moving & switching funds EJ -> Vanguard

This is going to be a taxable account -- sorry for forgetting to mention!

Thanks for your advice and the wiki link!
by OffTheGrid
Mon Feb 27, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: moving & switching funds EJ -> Vanguard
Replies: 3
Views: 408

moving & switching funds EJ -> Vanguard

When moving an account to Vanguard (from EJ -- full of inherited mutual funds we don't want), you get the options to either "reinvest" or "transfer to money market settlement fund" -- if I plan to invest in a different index fund (than the mutual funds currently making up this EJ...
by OffTheGrid
Mon Feb 27, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Just beginning: $40k to open taxable and IRA accounts
Replies: 21
Views: 1606

Re: Just beginning: $40k to open taxable and IRA accounts

So a couple things. First, we'll actually be investing $45k (not $40k) as originally planned. We're planning to do a 50% Total Stock -- 20% Total Int'l -- 30% Total Bond split. It'll look like this: His Roth IRA ($11,000) $ 4,250 — Total Stock VSTMX $ 6,750 — Total Bonds VBMFX Her Roth IRA ($11,000)...
by OffTheGrid
Sat Feb 25, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Just beginning: $40k to open taxable and IRA accounts
Replies: 21
Views: 1606

Re: Just beginning: $40k to open taxable and IRA accounts

blastoff -- are you asking if we have an HSA or suggesting we get one? We don't have one. (Our current insurance has a low deductible and out-of-pocket.)
by OffTheGrid
Sat Feb 25, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Just beginning: $40k to open taxable and IRA accounts
Replies: 21
Views: 1606

Re: Just beginning: $40k to open taxable and IRA accounts

nps -- that's what I was wondering, thank you for clarifying!

Thanks all for the help, I appreciate it.
by OffTheGrid
Fri Feb 24, 2017 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Just beginning: $40k to open taxable and IRA accounts
Replies: 21
Views: 1606

Re: Just beginning: $40k to open taxable and IRA accounts

Ok, I realize I gave a bad example and didn't really explain myself with my hypothetical (sorry). I am aiming for that 70/30 balance but was interested in a little bit of international stock/bond funds too, still keeping the stock/bond balance just with a greater # of funds... so it got me thinking ...
by OffTheGrid
Fri Feb 24, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Just beginning: $40k to open taxable and IRA accounts
Replies: 21
Views: 1606

Re: Just beginning: $40k to open taxable and IRA accounts

Oh... another q. And this may be an incredibly silly question... So let's say I do the $11k to one Roth, $11k to another Roth, and $18 to taxable and I (hypothetically) aim for a 70%/30% VTSMX/VMBFX balance across the board. How exactly do I split 2 types of funds across 3 different accounts? Would ...
by OffTheGrid
Fri Feb 24, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Just beginning: $40k to open taxable and IRA accounts
Replies: 21
Views: 1606

Re: Just beginning: $40k to open taxable and IRA accounts

Alto-- close to what I was leaning towards, but I was going to include total international stock too. Is this just to keep things simple and because we have little money to work with? That is quite the spreadsheet! Thanks. Also wondering if my assumption that something like a target date fund for ou...
by OffTheGrid
Fri Feb 24, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Just beginning: $40k to open taxable and IRA accounts
Replies: 21
Views: 1606

Re: Just beginning: $40k to open taxable and IRA accounts

Right, our employers do not even have retirement accounts. Even if I max out contributions for Roth IRAs 2016 and 2017 ($5,500 x 2 years x 2 accounts = $22,000), that would still leave us with $18,000. (Also does it sound like we should aim to do something differently with this cash-value life/retir...
by OffTheGrid
Thu Feb 23, 2017 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Just beginning: $40k to open taxable and IRA accounts
Replies: 21
Views: 1606

Just beginning: $40k to open taxable and IRA accounts

Debt: None Married Filing Jointly Ages: 29, Spouse is 26, one child under 2 Tax Bracket: 15% Federal, no state (WY) Emergency Fund: 6-months expenses in 1% savings account + Extra Savings: plans to put upwards of $10,000 across a few laddered CDs (Ally, CapOne360) Desired Asset Allocation: 70% stock...
by OffTheGrid
Thu Feb 23, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Flexible Investing Options for Children
Replies: 7
Views: 709

Re: Flexible Investing Options for Children

Thanks for the input. And thanks especially for the online resources for more information. So, definitely a no to the cash-value life (this was an interesting option to me as I understood it would have no bearing on her financial aid, but yes I realize the money does not mature as best as it can). I...
by OffTheGrid
Wed Feb 22, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Flexible Investing Options for Children
Replies: 7
Views: 709

Flexible Investing Options for Children

I'm new to this forum, and to investment in general (so... I have lots of silly questions). Our family inherited a modest amount of money recently and we our just beginning to pick out how we will invest it all; this journey began with me reading Bogle's Common Sense Investing which was a great intr...

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