Search found 1621 matches

by Pajamas
Tue Jun 27, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 57
Views: 6347

Re: Can we/should we afford a $2M house?

If you are buying from the developer and using your own attorney then I can't think of anything that a buyer's broker would bring to the table. You can always ask for a discount on anything but I had rather have 1.5% off the house rather than 1.5% off the commission. The best way to choose a lot is ...
by Pajamas
Tue Jun 27, 2017 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Rental home and ex-pat ?
Replies: 11
Views: 721

Re: Rental home and ex-pat ?

Yes, $2,000 a month is $24,000 a year and on a $240,000 dollar investment it would be a return of 10%. If you could just buy a property and turn it over to a property manager and after ten years make 10% a year from rent plus the value of the house, the lucrative return would create so much demand t...
by Pajamas
Tue Jun 27, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Please talk me out of a turnkey rental property
Replies: 76
Views: 5145

Re: Please talk me out of a turnkey rental property

I am a proponent of owning rental property. When all else fails, real estate is tangible. No matter how aggravating renters can be, and it is a side hustle, I now have a nice income from owning 3 rentals. I can retire next month with this additional income that is above and beyond 401K/IRA, S.S. an...
by Pajamas
Tue Jun 27, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: advice on how to invest inheritance wisely
Replies: 10
Views: 606

Re: advice on how to invest inheritance wisely

This is a good starting place for information about dealing with a windfall inheritance: https://www.bogleheads.org/wiki/Managing_a_windfall Sounds like you are proceeding deliberately. Taxes will definitely be an issue for you when you start working, and maybe even now, so take that into considerat...
by Pajamas
Tue Jun 27, 2017 7:42 pm
Forum: Personal Consumer Issues
Topic: Receiving Magazines...Never Subscribed
Replies: 18
Views: 698

Re: Receiving Magazines...Never Subscribed

Those calls actually don't take too long if you have the address label as that type of call is a regular thing for them. You can also ask how the subscription was initiated. I think you would be better off being proactive. I once simply didn't renew a magazine subscription rather than cancelling it ...
by Pajamas
Tue Jun 27, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: Suits: best bang for your buck?
Replies: 62
Views: 6807

Re: Suits: best bang for your buck?

I need to update my wardrobe by two or three suits. I'm an attorney and so need something for the courtroom, but by no means do I care about "projecting authority" or appearing flashy to clients or to a jury -- I just need something that looks sufficiently professional and will blend in (...
by Pajamas
Tue Jun 27, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Illinois: A slow swimming black swan?
Replies: 26
Views: 3311

Re: Illinois: A slow swimming black swan?

Well, everybody knew there was a real estate bubble but nobody seemed to know that it was going to bring down the global banking system and economy. This can't be good. I will grant you that the extent of the last big crisis was unexpected but then again they usually are. There have been crises wit...
by Pajamas
Tue Jun 27, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie question about my stock in Amazon...
Replies: 20
Views: 1337

Re: Newbie question about my stock in Amazon...

Well, if it is just play money thrown into the markets as an educational experience, sit tight and watch what happens next. You have already learned a great deal and you have only been investing in individual stocks for a few weeks.
by Pajamas
Tue Jun 27, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 42
Views: 2039

Re: Looking into selling a structured settlement and need some advice

Come on Pajamas, you know that's not accurate. Could you cite a few examples of billion dollar insurance companies have failed and policyholders suffered as a result? Gill Come on Gill, you know I didn't say anything about policyholders suffering as a result of the default. You can do your own rese...
by Pajamas
Tue Jun 27, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 42
Views: 2039

Re: Looking into selling a structured settlement and need some advice

I believe the oblgors on these arrangements is normally an insurance company, not likely to default. Gill Insurance companies go into default on a regular basis, even ones with billions of dollars in assets. It's still probably safer than taking an immediate payout and doing almost anything with it...
by Pajamas
Tue Jun 27, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Rental home and ex-pat ?
Replies: 11
Views: 721

Re: Rental home and ex-pat ?

I agree, a rental property in a different country from where I lived would be my last choice for investing in a business. If the numbers worked out as you predict, then everyone would be doing that instead of working or making other investments and the actual return would be driven down, which I thi...
by Pajamas
Tue Jun 27, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 48
Views: 3350

Re: Middle age job blues

Our expenses are in the 60K range per year but more than half of our savings are in retirement accounts which I think cannot be accessed before retirement age or at least the age of 60. Is this correct ? Not necessarily. You can withdraw contributions from a Roth IRA after five years and reaching a...
by Pajamas
Tue Jun 27, 2017 5:43 pm
Forum: Personal Consumer Issues
Topic: Compelling Beneficiaries to Respond - Trust
Replies: 14
Views: 855

Re: Compelling Beneficiaries to Respond - Trust

My uncle's attorney has been less than helpful, which is part of the problem. Thanks Get a new attorney who specializes in this. Seems like a fairly routine situation. It should not be too difficult to locate someone with the ready availability of public records. There is a possibility that some of...
by Pajamas
Tue Jun 27, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Receiving Magazines...Never Subscribed
Replies: 18
Views: 698

Re: Receiving Magazines...Never Subscribed

I would consider contacting customer service and communicating that you never subscribed and thus requesting for the magazine to be stopped. In addition, I would run a credit report to make sure there is not a larger problem with identity theft or fraud. Best. Why would someone steal someone else's...
by Pajamas
Tue Jun 27, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: Receiving Magazines...Never Subscribed
Replies: 18
Views: 698

Re: Receiving Magazines...Never Subscribed

Is your wife a teacher by chance? Prank is the first thing I though of, too.
by Pajamas
Tue Jun 27, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Saving Up for a House Upgrade
Replies: 10
Views: 670

Re: Saving Up for a House Upgrade

Okay, I see that you would still be better off in that scenario in terms of absolute dollars but you wouldn't have cash for a down payment so it would be irrelevant. If all the scenarios go as you say, I guess you might be better off hedging your bets by selling your house now, especially if renting...
by Pajamas
Tue Jun 27, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Losing job, seeking advice
Replies: 16
Views: 2085

Re: Losing job, seeking advice

Yes, max out the 401k if there is an alternative emergency source of cash that you could use if it takes a while for him to get a new job. When working I always contributed almost my entire paycheck to the retirement accounts to max out as soon as possible, leaving less than $100 net to take care of...
by Pajamas
Tue Jun 27, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Saving Up for a House Upgrade
Replies: 10
Views: 670

Re: Saving Up for a House Upgrade

If there is a crash and you are upside on your current house, the bigger house would have crashed, too. The larger asset would lose a larger dollar amount at the same percentage rate of loss and would cost you less to buy, net of your old house. So I really don't understand the logic behind #2. I dr...
by Pajamas
Tue Jun 27, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Please talk me out of a turnkey rental property
Replies: 76
Views: 5145

Re: Please talk me out of a turnkey rental property

Generally it's not a good idea to own rental properties elsewhere. Would you think of starting any other kind of business in a distant location?
by Pajamas
Tue Jun 27, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing gains in retirement accounts
Replies: 10
Views: 461

Re: Realizing gains in retirement accounts

Not only would you be locking in past gains, but you would also be locking yourself out of future gains.

If there is a change in your needs and risk tolerance you might revisit your allocation plan, but it sounds more like you are trying to time the market.
by Pajamas
Tue Jun 27, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: co-worker wants to pull out pension
Replies: 21
Views: 1346

Re: co-worker wants to pull out pension

Sounds like a terrible idea but getting involved in coworkers' finances is a terrible idea, too.
by Pajamas
Tue Jun 27, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidating banks accounts
Replies: 4
Views: 220

Re: Consolidating banks accounts

The bank where I have my primary checking account doesn't even have branches and it's never been a problem but they are set up that way. The credit unions might not waive fees for ATM withdrawals or make it easy to mail in deposits and might not have convenient hours for telephone customer service o...
by Pajamas
Tue Jun 27, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Illinois: A slow swimming black swan?
Replies: 26
Views: 3311

Re: Illinois: A slow swimming black swan?

By definition, it is not a black swan. It is more like a flock of highly aggressive geese honking and biting at anyone within range.
by Pajamas
Tue Jun 27, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected raise while househunting-- should I change my budget?
Replies: 21
Views: 2264

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

If you are choosing a house based on how much you can possibly spend on it, then sure, why not? If you are choosing a house based on what you need, then how much you can possibly spend on it should only be an upper limit in case you can't afford what you need. Sounds like you are fairly conservative...
by Pajamas
Tue Jun 27, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Things to consider when going from employee to independent contractor
Replies: 13
Views: 702

Re: Things to consider when going from employee to independent contractor

Hourly pay as a contractor needs to be double what employee hourly is. Agreed, and that is a minimum. Record keeping and paperwork take up time even if you only work with one company. Sometimes the process of getting paid is a pain and there can be delays. You also do not have the protections that ...
by Pajamas
Tue Jun 27, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Advice To Help Parent's Pay Down Debt
Replies: 4
Views: 541

Re: Advice To Help Parent's Pay Down Debt

If they are paying him back this year, you are talking about right at six months max, maybe eighteen months if they end up not being able to pay it all this year and it ends up being next year. 1% on an average balance of $26k for six months is $130 and is not worth agonizing over. Just find the loc...
by Pajamas
Tue Jun 27, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Bay Area housing
Replies: 69
Views: 4918

Re: Bay Area housing

https://fred.stlouisfed.org/graph/fredgraph.png?g=eed2 My gut says we are near peak Nasdaq / tech employment / Bay Area housing. If I were living in San Francisco, I'd rent. If I were working for Facebook or Google, I'd hedge my RSUs. Looking at that chart and holding a rule up to my monitor, it se...
by Pajamas
Tue Jun 27, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Need help to sell family farm.
Replies: 12
Views: 1139

Re: Problems with sale of property. Please help.

There are usually real estate agents who specialize in farms, timberland, or other large acreage properties in an area as opposed to houses or regular commercial properties. Since you are selling long distance, that might be your best bet. You can identify those agents through a Google search for &q...
by Pajamas
Tue Jun 27, 2017 11:33 am
Forum: Personal Consumer Issues
Topic: swimming goggles
Replies: 18
Views: 895

Re: swimming goggles

I have tried a lot of goggles. The best thing you can do is put them on and see how they fit your face, but that is not always possible, so make sure they can be returned. Some have separate eye cups with an adjustable nose bridge and those tend to fit best. Tinted or reflective lenses can be a prob...
by Pajamas
Tue Jun 27, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 57
Views: 6347

Re: Can we/should we afford a $2M house?

All of those lots have two or three immediately adjacent neighbors and have similar usable areas. All but #8 also have a buffer or conservation easement adjacent. I would not want to pay very much for a larger lot if there were also a conservation easement on the extra area since it is so expensive ...
by Pajamas
Tue Jun 27, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: (Almost) every day I make a financial mistake more costly than the day before
Replies: 39
Views: 3349

Re: (Almost) every day I make a financial mistake more costly than the day before

Seems like you had a well-thought out plan but never initiated it. Getting started on it was a mental hurdle and the longer you waited, the higher that hurdle got. I'm guessing that there might other similar situations that you respond to in the same way. Investing is similar to losing weight or cle...
by Pajamas
Mon Jun 26, 2017 5:27 pm
Forum: Personal Consumer Issues
Topic: What to do with misdirected package?
Replies: 32
Views: 1553

Re: What to do with misdirected package?

It doesn't matter. It is NOT THEFT. You have no responsibility to return it and can LEGALLY consider it a gift. If it is a USPS package, it's against federal law. It's unlikely, but you could even end up in prison for up to five years for it. You're confusing merchandise sent to you hoping you'll p...
by Pajamas
Mon Jun 26, 2017 5:05 pm
Forum: Personal Consumer Issues
Topic: Buy condo at Trump Tower Chicago a good deal?
Replies: 24
Views: 3219

Re: Buy condo at Trump Tower Chicago a good deal?

Not only are there dozens of apartments available for purchase, it looks like there are 29 apartments available for rent in that building at prices from $2,300 to $16,000.

https://www.trulia.com/for_rent/41.8879 ... _xy/18_zm/
by Pajamas
Mon Jun 26, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: What to do with misdirected package?
Replies: 32
Views: 1553

Re: What to do with misdirected package?

> Would you keep an expensive fur coat given to you by mistake at a restaurant coat check? Or a luxury vehicle brought to you by the valet at a parking garage? Well, no, because I would know where I ate, and I would know which garage I parked in. I could return it and make it someone else's problem...
by Pajamas
Mon Jun 26, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Early IRA withdrawal vs 401k loan for legal bills
Replies: 10
Views: 589

Re: Early IRA withdrawal vs 401k loan for legal bills

The loan might make more sense than a withdrawal, but consider the financial consequences if she is unable to repay it for some reason, especially taxes and penalties. I would consider almost any other alternative in this particular situation.
by Pajamas
Mon Jun 26, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie question about my stock in Amazon...
Replies: 20
Views: 1337

Re: Newbie question about my stock in Amazon...

Thank you pajamas... yeah I suppose I'm too new to understand those fluctuations which can explain why I'm so concerned. I figured the only way to really learn was to just buy in and go from there. Had I sold at the $1003 on Friday I could have made some good profit and then bought back in at that ...
by Pajamas
Mon Jun 26, 2017 2:04 pm
Forum: Personal Consumer Issues
Topic: What to do with misdirected package?
Replies: 32
Views: 1553

Re: What to do with misdirected package?

I mean, this was a little different. A car or fur coat isn't going to be replaced with an identical copy in two days, paid for in pennies by two large companies, and donated to charity. Not different enough. Something that didn't belong to you came into your possession accidentally and you decided ...
by Pajamas
Mon Jun 26, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie question about my stock in Amazon...
Replies: 20
Views: 1337

Re: Newbie question about my stock in Amazon...

When you make an investment, generally it should be for the long term. A few weeks is much too short of a time to judge most investments. Amazon's all time high is $1,017 and right now it is $995 so you could only possibly be down a little over 2% at the most. That is a normal intraday fluctuation f...
by Pajamas
Mon Jun 26, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Santader bank refusing to pay
Replies: 8
Views: 808

Re: Santader bank refusing to pay

You should get the bonus since you now have proof. I would ask for them to double it for my trouble. You can always contact the office of Ana Patricia Botín.

anabotin@gruposantander.com
Telephone +34 90 2112211
by Pajamas
Mon Jun 26, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Won an ATV in a raffle...now what?
Replies: 37
Views: 2601

Re: Won an ATV in a raffle...now what?

In situations like this where someone is selling something you don't want for a good cause, they will usually accept a direct donation in the form of a check, instead. I would think that you can decline to accept the prize if you don't want to have to deal with it. That's probably not unusual. I don...
by Pajamas
Mon Jun 26, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: What to do with misdirected package?
Replies: 32
Views: 1553

Re: What to do with misdirected package?

Since it was addressed to you and there is no return address or sender's information anywhere and the tracking number comes up blank when you Google it, the only alternatives would be to dispose of it, give it back to the delivery service, or to hold onto the package for a few weeks in case the send...
by Pajamas
Mon Jun 26, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Tax break for house improvements
Replies: 3
Views: 378

Re: Tax break for house improvements

No, that's not deductible for individuals. https://www.irs.gov/credits-deductions/individuals Capital improvements can be added to the cost basis of your home for when you sell it, but new flooring may or may not be considered a capital improvement. It might just be necessary maintenance. If you put...
by Pajamas
Mon Jun 26, 2017 12:00 pm
Forum: Personal Consumer Issues
Topic: Stupid Security Questions
Replies: 30
Views: 2073

Re: Stupid Security Questions

I save the answers to those questions in my password manager. It is just an aggravation forced on you in order to save a company money on tech support. At least you get to pick your own answers. The quizzes sourced from publicly-available information are not as secure, in my opinion, and I occasiona...
by Pajamas
Mon Jun 26, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: Santader bank refusing to pay
Replies: 8
Views: 808

Re: Santader bank refusing to pay

Did you not get some kind of confirmation email when you signed up for the bonus? I get one just for signing up for the quarterly enhanced rewards on my credit card. I would be surprised if you did not. Find out if they send one and if so, make sure that you did not get it. If they do send one and y...
by Pajamas
Mon Jun 26, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?
Replies: 34
Views: 1822

Re: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?

In my area, Built- in shelves - or those which look built- in - are not typically removed before listing a home. That would seem to argue for leaving them in. What reasons do the various real estate agents give for their advice? It may be that some of them don't think this furniture is as handsome ...
by Pajamas
Mon Jun 26, 2017 11:43 am
Forum: Personal Consumer Issues
Topic: Santader bank refusing to pay
Replies: 8
Views: 808

Re: Santader bank refusing to pay

If you don't have any proof that you submitted the code, the best option might be to go to a branch and talk to the manager face to face.
by Pajamas
Mon Jun 26, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 42
Views: 2039

Re: Looking into selling a structured settlement and need some advice

If the ability to start your planned business ventures depends on selling your structured settlement, then that makes them very suspect even without the added negative of giving up a guaranteed life income with 3% annual increases to pursue them. If you sell the future stream of income, you would al...
by Pajamas
Mon Jun 26, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 57
Views: 6347

Re: Can we/should we afford a $2M house?

The larger lot may be more desirable, especially for a $2 million house, but you don't necessarily know what might end up in back of it instead of a road. I have seen duplexes or apartments built adjacent to nice homes after the fact, but it might be a protected green space in your case. A minor roa...
by Pajamas
Mon Jun 26, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Saving Up for a House Upgrade
Replies: 10
Views: 670

Re: Saving Up for a House Upgrade

If your current house lost value, the one you would want to upgrade to would probably lose value, too. You could think of it as already owning 260/400 or 65% of the house you want to buy. If housing prices go down 20%, it would then be 208/320 or still 65%. You might be better off though, as you cur...
by Pajamas
Sun Jun 25, 2017 11:02 pm
Forum: Personal Consumer Issues
Topic: Buy condo at Trump Tower Chicago a good deal?
Replies: 24
Views: 3219

Re: Buy condo at Trump Tower Chicago a good deal?

It's probably a bad idea to take on the expense of two homes and it certainly doesn't sound like a form of downsizing and simplifying. If you are going to move, buy a place and sell the one you are in if you want to downsize and simplify. Looks like a nice building. I don't know enough about Chicago...

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