Search found 1459 matches

by Saving$
Fri Aug 18, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9177

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

So sorry to hear about your husbands diagnosis. You have found Bogleheads, and that is good, because you can trust the financial advice you will receive here. Even it if is just a collection of opinions, it is like having a entire group of really smart advisors. Regarding the house - I do not see th...
by Saving$
Fri Aug 18, 2017 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investments that Colleges Don't Count Against You.
Replies: 18
Views: 2735

Re: Investments that Colleges Don't Count Against You.

1. Roth conversion
2. Revise from SEP to Solo 401k which allows higher contributions than a SEP. You can even get a Solo Roth 401k.

Remember that anything you report this fall is not for next year, but the year after that (ie if student is a freshman this fall, it is for the junior year).
by Saving$
Thu Aug 17, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: Suggestions for online tool for organizing an event?
Replies: 6
Views: 316

Re: Suggestions for online tool for organizing an event?

I think Asana (asana.com) has a free version suitable for a small group like yours. There are plenty of other similar products out there. We use it primarily for task tracking--but it stores files and conversation threads. They're helpfully attached to each task. I've found it best to move all conv...
by Saving$
Thu Aug 17, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Suggestions for online tool for organizing an event?
Replies: 6
Views: 316

Re: Suggestions for online tool for organizing an event?

mhalley - thank you for the reply. However those products all look like free video chat/screen sharing apps. We are looking for a product to store notes and documents in an organized format that can be referred back to later, even a year from now, not for a product to talk to each other...
by Saving$
Thu Aug 17, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: Suggestions for online tool for organizing an event?
Replies: 6
Views: 316

Suggestions for online tool for organizing an event?

Can the Bogleheads recommend a free online tool for organizing an event/project? Ideally it would be something 3-4 people could log onto. We would be able to organize notes and communication by topic and subtopic, such as the list below. The organizers could log on, attach documents, make notes, and...
by Saving$
Thu Aug 17, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: Other people's perception of your finances
Replies: 73
Views: 3533

Re: Other people's perception of your finances

This really depends upon whether the same issues happened before you moved to this new house (guest for 2 + weeks?) and if it reciprocal (do you visit these family members at holidays and stay in their house the entire time?) I agree that going out to dinner and not offering to pick up the tab may b...
by Saving$
Wed Aug 16, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 6315

Re: please help...am I overextended - first home

Did you make a decision? Don't leave us hanging. :happy I spoke with my realtor today. She is encouraging me to go through with the inspection (she even offered to split it with me but I can't let her do that). I am planning on staying where I currently am and save some money. I got such great feed...
by Saving$
Wed Aug 16, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2018
Replies: 74
Views: 8137

Re: ObamaCare 2018

My state has about 5 providers, who together offer about 60 plans [edited to add: that are available in my particular urban county]. When I started looking at the networks, I was appalled. There is a major university hospital system 3 miles from me, and although some plans included certain doctors i...
by Saving$
Tue Aug 15, 2017 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 6315

Re: please help...am I overextended - first home

Yes, you are way overextended. And this is not totally based on the math. 1. You have a >$450/m 401k loan with 2 years left to pay 2. You have not saved for a sufficient down payment on the house 1+2 = not ready to buy a house. You need to stay in the apartment you are currently in - declutter if th...
by Saving$
Wed Aug 09, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance on Empty Lot
Replies: 10
Views: 862

Re: Insurance on Empty Lot

The only thing you need to insure for is liability, since you have no property to lose on an empty lot (well, there is also owners title insurance, but that is not where you were going with the question). In many situations, your homeowner insurance will extend coverage to an empty lot. Some states/...
by Saving$
Sat Aug 05, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: multi-location restaurant owner needs advice
Replies: 9
Views: 763

Re: multi-location restaurant owner needs advice

You have an annual salary of $200k (regardless of where it comes from), live in a LCOL area, and have no emergency, 401k, Roth, HSA or tIRA accounts? What are you doing with the $200k? 1. Immediately put $5500 in a Roth for you and $5500 in a Roth for your spouse. Temporarily that can also function ...
by Saving$
Fri Aug 04, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help: Fidelity or Vanguard
Replies: 33
Views: 2411

Re: Help: Fidelity or Vanguard

Vanguard Solo 401k dealbreakers: 1. Don't allow rollover of tIRA into the solo 401k - This becomes the deal breaker if you need to enable backdoor Roth 2. Don't allow admiral class shares in the solo 401k - This becomes the deal breaker if you think you might start the solo at Fido and roll it over ...
by Saving$
Fri Aug 04, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2135

Re: Can my wife afford to stay home?

It's a bit unclear, but your presentation indicates you could meet expenses using only your base pay, but would then not be saving much, if at all. Since you don't have a mortgage, that not saving much can be viewed in a different context, but losing that tax advantaged space every year while she st...
by Saving$
Sat Jul 29, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Wooden flooring in kitchen
Replies: 51
Views: 4224

Re: Wooden flooring in kitchen

It works well. Having the same flooring throughout an open floor plan give the space a more finished feel and makes it seem larger, less cluttered. Ideally, you want site finished floors if the wood is in the kitchen and bath, as the poly will seal somewhat at the joint between the pieces. That said...
by Saving$
Sat Jul 29, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 167
Views: 15274

Re: Tesla - next big lottery ticket ?

Go for it if you have $5k to lose, and/or if a $5k writeoff will help your tax situation. If it goes from $350 to $1k /share per your prediction, your $5k will be worth $14,300. If you have enough that you have $5k to lose, a $9,300 gain in 10 years is not much...and the real gain is less because yo...
by Saving$
Thu Jul 27, 2017 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: 5500 Filings for Solo/Individual 401(k)s; public information
Replies: 11
Views: 1204

Re: 5500 Filings for Solo/Individual 401(k)s; public information

Another potential benefit to filing a 5500-SF over the EZ is per the IRS instructions, the EZ is required to be filed on an accrual basis. This would have sped up the filing requirement by one year for me. By doing the Form 5500-SF, I am able to report on a cash basis so my asset balance did not ex...
by Saving$
Tue Jul 25, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: My risk tolerance suddenly went down
Replies: 33
Views: 5453

Re: My risk tolerance suddenly went down

Pay yourself first. 1. Max out new 401k. If they let you participate immediately, attempt to max it out during this calendar year. Your premium for the balance of this year is almost $19k. Use all of that to attempt to fully fund your 401k. 2. Since you were saving before, you can still save - max o...
by Saving$
Wed Jul 19, 2017 12:24 am
Forum: Personal Consumer Issues
Topic: How Much Would You Spend on a Blender?
Replies: 43
Views: 2519

Re: How Much Would You Spend on a Blender?

Ninja Master Prep - $35 - been running strong for about 6 or 7 years now. Gets used about 2x week, more in summer. It replaced a 30+ year old Hoover blender I got at a garage sale when I was young. The Hoover thing had started to leak, and was just a general pain. The Ninja is terrific.
by Saving$
Sun Jul 16, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Personal loan to a family member
Replies: 114
Views: 6863

Re: Personal loan to a family member

One thing that was not clear is how much equity that relative has in the house. If they already had to put up 20% of the cost of the planned cost house and they could only finance 80% but then the cost overrun was 10% then there would be a margin of safety for you. Helping them out is one thing but...
by Saving$
Tue Jul 11, 2017 10:25 pm
Forum: Personal Consumer Issues
Topic: Healthy smoothie ideas
Replies: 18
Views: 1464

Re: Healthy smoothie ideas

Milk, banana and spinach. Throw in an avocado if you want.
by Saving$
Tue Jul 11, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Structuring payoff offer for house in foreclosure, above water
Replies: 27
Views: 2776

Re: Structuring payoff offer for house in foreclosure, above water

So there is $100k + $275k + $78k = $458k owed on a house worth $600k. Do you have $458k to pay it off? If not, money is still owed. Can the homeowner make any monthly payments? You wrote: - The family wishes to keep the homeowner in place, in the house - The owner is younger and not cooperative The ...
by Saving$
Mon Jul 10, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: Which apartment should we rent?
Replies: 22
Views: 2053

Re: Which apartment should we rent?

If you really intend to stay 5-7 years, I would select the upper floor. The exercise will be good for you, and you won't hear folks walking around over you. I predict you won't last 5-7 years if people are walking around over you.
by Saving$
Mon Jul 10, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping Pre-Marital Property Separate
Replies: 22
Views: 2347

Re: Keeping Pre-Marital Property Separate

OP, just decide how you will fund joint expenses, and open a new joint account for joint expenses. Either you both contribute the same amount monthly to the joint account, or you each contribute the same percentage of your income or you find some other equitable way. Pay all your joint expenses from...
by Saving$
Mon Jul 10, 2017 9:12 pm
Forum: Personal Consumer Issues
Topic: Do not buy new cellphones on ebay
Replies: 54
Views: 5999

Re: Do not buy new cellphones on ebay

OP - I went through the exact same exercise a few months ago. I too had settled on the S5, due to the combo of price/features/size. Ordered one from a seller on Walmart.com that was supposed to be new. It also came in an original box, and looked new. The MNVO I was going to use it on confirmed the I...
by Saving$
Sat Jul 08, 2017 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Additional contribution to ROTH 401k?
Replies: 9
Views: 226

Re: Additional contribution to ROTH 401k?

Correct. Max for 401k (Roth or regular) is $18k if under 50, $24k if 50 or over. Unless her company matches by the paycheck, don't worry too much about when they process it. Just calculate it for the longest time you think they might take to process it. So if you think it takes 6 weeks, and revise t...
by Saving$
Fri Jul 07, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: IRS Notice CP2000 for Tax Year 2015 Backdoor Roth
Replies: 5
Views: 695

Re: IRS Notice CP2000 for Tax Year 2015 Backdoor Roth

Thank you very much for the responses. Since it seems to be confirmed I made an error on both the 1040 and the 8606, what should my next course of action be? 1. Follow the instructions from the IRS agent, who seems to think my forms don't have an error? 2. Call the IRS back, talk to another agent an...
by Saving$
Thu Jul 06, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Notice CP2000 for Tax Year 2015 Backdoor Roth
Replies: 5
Views: 695

IRS Notice CP2000 for Tax Year 2015 Backdoor Roth

I received an IRS Notice CP2000 for Tax Year 2015 Backdoor Roth. I have read about 4 other threads on BH that I could find on this issue, but my circumstances may differ. I think the IRS gave me incorrect advice on how to respond to this. After reviewing the other threads, I think (not sure, please ...
by Saving$
Tue Jul 04, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 54
Views: 5626

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

Keep all the account logons in Keepass, and share the Keepass database. In your case, I guess you could keep your email logon out of the Keepass database. I don't know what you would do for 2 factor authentication...
by Saving$
Mon Jul 03, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Just found out my mom is in serious financial crisis. Need help ASAP.
Replies: 58
Views: 9077

Re: Just found out my mom is in serious financial crisis. Need help ASAP.

Your mother has a problem in addition to the financial problem. Either it is a refusal to deal with reality, shop a holic, delusional or something else, we don't know, but there is an underlying problem. No different than those with substance abuse have an underlying problem. In your shoes, I'd agre...
by Saving$
Wed Jun 28, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Relative Reluctant to give POA
Replies: 30
Views: 2533

Re: Elderly Relative Reluctant to give POA

There are two scenarios: 1. Someone else has POA . They can write checks, pay bills, sell assets, move money around, etc. The POA is granted by the person for whom you have it. Usually they execute it prior to becoming mentally incapacitated. Often the person who received POA won't do anything with ...
by Saving$
Wed Jun 28, 2017 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Unable to Escape from Quicken Island ...
Replies: 28
Views: 2332

Re: Unable to Escape from Quicken Island ...

Use the original data file. No need to proceed with data missing when it is there for the taking. This is a one time decision, because once you go down the road with one of the two files, it will be manual thing to re-enter any missing data.
by Saving$
Wed Jun 28, 2017 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Would some outside advice on my next steps
Replies: 5
Views: 650

Re: Would some outside advice on my next steps

Makes no sense to have $15k in "post tax" investments if you are not maxing out both of your Roth's and maxing out your 401ks. At your savings rate, you should be able to fund both Roth's for 2017 and 2018, max out both 401k's and pay off the personal/student and car loan by September of 2...
by Saving$
Tue Jun 27, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Relative Reluctant to give POA
Replies: 30
Views: 2533

Re: Elderly Relative Reluctant to give POA

I had a similar experience. Elderly relative did not want a $7k or $8k bill for the month for the nursing home paid; directed us to write a check for $500 or so dollars, that relative would sign, as that is all they "deserved." We had previously asked the nursing home for help in having th...
by Saving$
Tue Jun 27, 2017 9:35 pm
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 28
Views: 3090

Re: Etiquette question regarding access easement usage

...... because the legal easement is probably wider than a driveway needs to be (mine is 30' wide), if he has a preference where exactly you drive. Definitely do so before laying down gravel or pavement..... I'm wondering if you can clarify this statement? Yes, the easement is much wider than the a...
by Saving$
Sun Jun 18, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: So sick of it! [Paying off student loans]
Replies: 42
Views: 6593

Re: So sick of it! [Paying off student loans]

Mathematically, paying off does not make sense. However, if it bothers you: 1. Beef up emergency fund to 2 years living expenses. 2. Use balance of extra cash to pay student loans off early, including temporarily suspending $30k /year towards investment in taxable account 3. Go outside and play with...
by Saving$
Sat Jun 17, 2017 10:57 pm
Forum: Personal Consumer Issues
Topic: Deck needs replaced, what should I get?
Replies: 17
Views: 1558

Re: Deck needs replaced, what should I get?

Get another estimate or two from competing contractors...
by Saving$
Sat Jun 17, 2017 9:20 pm
Forum: Personal Consumer Issues
Topic: Paying for item on EBay - problem
Replies: 6
Views: 609

Re: Paying for item on EBay - problem

I just figured something out. The credit card on my ebay account, that I have not updated since 2006, was my old Costco Amex. I looked up my email confirmation from my last ebay purchase in February. That also states "Paid with Credit Card." And I looked on my new Costco Visa - sure enough...
by Saving$
Sat Jun 17, 2017 8:59 pm
Forum: Personal Consumer Issues
Topic: Paying for item on EBay - problem
Replies: 6
Views: 609

Re: Paying for item on EBay - problem

If I were you, I would do this: 1) Withdraw your entire account balance 2) Add the credit card you want to use 3) Complete the purchase and MAKE SURE the CC is listed when making payment. Based on the fact that you already did this, click on the transaction and look for something like this: "P...
by Saving$
Sat Jun 17, 2017 8:09 pm
Forum: Personal Consumer Issues
Topic: Paying for item on EBay - problem
Replies: 6
Views: 609

Paying for item on EBay - problem

I have both an Ebay and PayPal account, both of which I rarely use. For context, the credit card associated with both of them expired in 2006, and is a card I no longer have. Tonight I found a part a group I am a part of needs on ebay, and clicked to buy it. My intent was to buy it with the group's ...
by Saving$
Thu Jun 15, 2017 12:48 am
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 6290

Re: Contractor took deposit but never did any work. What next?

Does your state have contractor licensing? If so, check to see if he is licensed. Many states with contractor licensing require the contractors to carry general bonds associated with their license to protect from issues such as you describe. If you decide to go after his license and /or bond, do not...
by Saving$
Thu Jun 15, 2017 12:34 am
Forum: Personal Consumer Issues
Topic: To buy or not to buy and move?
Replies: 19
Views: 1541

Re: To buy or not to buy and move?

Move closer to your son, unless you have other family where you live now. In addition to the obvious reasons everyone has given 1. You will develop a much different relationship with your grandson being a few minutes away than being a few hours away 2. If something were to happen to either of you, i...
by Saving$
Thu Jun 15, 2017 12:05 am
Forum: Personal Consumer Issues
Topic: Finishing Basement - financing?
Replies: 10
Views: 1051

Re: Finishing Basement - financing?

I would look at opening a Pro account. At least at Lowe's you can structure this to get about a 5% discount.
by Saving$
Tue Jun 13, 2017 11:56 pm
Forum: Personal Consumer Issues
Topic: Password Managers
Replies: 61
Views: 3952

Re: Password Managers

Keepass
Free
Works on any platform (windows, Android, Apple) and synchs between them.
Have been using it for over 10 years
by Saving$
Wed May 31, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 6519

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

I learned about Daily Money Managers on another BH thread. m I remember looking up how much they earn, thinking it might be a nice part time retirement job, and thinking it was probably not worth it. That leads me to believe it is also probably affordable. Of course there is NO assurance that your D...
by Saving$
Wed May 24, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: advice on hvac replacement decision
Replies: 21
Views: 2371

Re: advice on hvac replacement decision

Option 2. For the reasons stated above. Also if the refrigerant is R22 it will become increasingly expensive. They can recover it, clean the lineset, and use your existing lineset for a new compressor and coils. The issue will be if the old lineset is the correct size (for smaller systems I'm told t...
by Saving$
Sun May 21, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Closing on new home construction - end of year or begin of next year?
Replies: 2
Views: 427

Re: Closing on new home construction - end of year or begin of next year?

In my area, property taxes are based on the value of the property on Jan 1. If the property receives a certificate of occupancy in December, it will be assessed at it's full completed value on Jan 1. However, if it does not yet have a certificate of occupancy on Jan 1, it's value is the value for th...
by Saving$
Wed May 17, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: Keep paying for AC refrigerant when tech cannot find a leak
Replies: 20
Views: 1883

Re: Keep paying for AC refrigerant when tech cannot find a leak

For 2 consecutive seasons now I've needed refrigerant added to my home AC system at my annual inspection. Each time I've had a different technician check my system for leaks and tell me that he could not find any. Both times I was told that the leak must be so small that their detector cannot pick ...
by Saving$
Thu May 11, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: Should I switch my home electric bill to "Time of Day" billing?
Replies: 22
Views: 2180

Re: Should I switch my home electric bill to "Time of Day" billing?

My utility offered this rate and I signed up. After 3 months or so I compared my bills because they were so high. What I learned is that because my usage if very low, I had a very low constant rate. When I switched to "Time of Day" billing, I lost my low constant rate, so the net effect wa...
by Saving$
Wed May 10, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: Tesla Solar Roof
Replies: 81
Views: 9048

Re: Tesla Solar Roof

I just received two very close estimates for a new roof, so thought I would compare. 1. The Tesla calculator is accurate to within 1% of my own measured take off of total roof square footage 2. Tesla's assumptions for how much electricity I use annually were almost double what I actually use, but yo...