Search found 8238 matches

by dm200
Sat Feb 06, 2016 7:15 pm
Forum: Personal Consumer Issues
Topic: Forced to sell a an expensive vehicle at the wrong time how to handle???
Replies: 22
Views: 2032

Re: Forced to sell a an expensive vehicle at the wrong time how to handle???

I too found that many people would not arrange used car financing to buy from a private seller. And you're right - people needed financing for a $24k purchase. As I posted earlier, many credit unions will do this kind of financing. The first issue to deal with is whether the car is owned free and c...
by dm200
Sat Feb 06, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part-B premium
Replies: 5
Views: 545

Re: Medicare Part-B premium

At some point, as well, we will be subject to a $3.00 per month "surcharge" through 2021, This $3 per month surcharge is to "pay for" capping increases on new recipients at about $122/month.
by dm200
Sat Feb 06, 2016 3:18 pm
Forum: Personal Consumer Issues
Topic: Forced to sell a an expensive vehicle at the wrong time how to handle???
Replies: 22
Views: 2032

Re: Forced to sell a an expensive vehicle at the wrong time how to handle???

The good news, I suppose, is that your car is now several years old - you "enjoyed" it when it was new. Getting a new car every 80,000 miles or so - mostly at the company's expense is a nice benefit.
by dm200
Sat Feb 06, 2016 3:08 pm
Forum: Investing - Theory, News & General
Topic: Expense ratio vs return on investment
Replies: 12
Views: 828

Re: Expense ratio vs return on investment

Hello, All the literature I've been able to access indicates that a fund's return incorporates the fees. In other words, if a fund grows at 4% and has an expense ratio of .5%, the return is listed at 3.5%. If this is true, isn't the expense ratio of a fund irrelevant when searching for a quality in...
by dm200
Sat Feb 06, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Grandson working for me-Child labor law?
Replies: 24
Views: 1287

Re: Grandson working for me-Child labor law?

No different than a "child" working on a family farm, much younger in age. Except, legally, it might be different. Exemptions to family farms likely wouldn't apply to family construction business. It has been quite a while since I left the farm, but I believe "family farms" tend...
by dm200
Sat Feb 06, 2016 11:36 am
Forum: Personal Consumer Issues
Topic: Forced to sell a an expensive vehicle at the wrong time how to handle???
Replies: 22
Views: 2032

Re: Forced to sell a an expensive vehicle at the wrong time how to handle???

Do you have to accept the company car? When I was working in field support, I was offered a company car, but I wanted to keep my own car. So instead of the company car they reimbursed me at some rate per mile for using my own car. The "deal" described really seems a "no brainer"...
by dm200
Sat Feb 06, 2016 11:25 am
Forum: Investing - Theory, News & General
Topic: Please share examples where earning an extra $1 can cost more in taxes than income.
Replies: 23
Views: 2430

Re: Please share examples where earning an extra $1 can cost more in taxes than income.

I know there are exceptions but I never quite understood the commonly given advice to carefully watch going into a higher tax bracket. Isn't it true that the more you make the more you get with exceptions, many of which are pointed out in this thread. Only the dollars earned above the previous tax ...
by dm200
Sat Feb 06, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: Forced to sell a an expensive vehicle at the wrong time how to handle???
Replies: 22
Views: 2032

Re: Forced to sell a an expensive vehicle at the wrong time how to handle???

Private party is an option, but most people can't get 30-35k together without a loan which severely complicates things. Selling to someone who gets a loan for the purchase should not be an issue, especially if they get the loan from a credit union. Credit unions are much more likely to finance such...
by dm200
Sat Feb 06, 2016 10:29 am
Forum: Investing - Theory, News & General
Topic: Please share examples where earning an extra $1 can cost more in taxes than income.
Replies: 23
Views: 2430

Re: Please share examples where earning an extra $1 can cost more in taxes than income.

In most cases, I think, these kinds of "situations" are unfortunate and provide a "disincentive" for individuals to work, earn more money or improve their net or future economic well being. I doubt that is the intent of such "situations", but are unintended consequences.
by dm200
Sat Feb 06, 2016 9:46 am
Forum: Investing - Help with Personal Investments
Topic: How do you invest your DAF? [Donor Advised Fund]
Replies: 15
Views: 860

Re: How do you invest your DAF? [Donor Advised Fund]

Balances in a DAF also provide a form of "Asset Protection". Since the funds are no longer "yours", they cannot be taken away - whether through lawsuits, judgments, senility, identity theft, etc. Yet, for those who wish and plan on supporting various eligible causes and organizat...
by dm200
Fri Feb 05, 2016 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: How do you invest your DAF? [Donor Advised Fund]
Replies: 15
Views: 860

Re: How do you invest your DAF?

I recently opened a Fidelity Charitable account. I look through the investment options and I cannot decide on my asset allocation. I plan on giving monthly and I want to have some growth. I am thinking something like 70% Spartan Total Bond Index and 30% Spartan Total Stock Index. Knowing this is fo...
by dm200
Fri Feb 05, 2016 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: How do you invest your DAF? [Donor Advised Fund]
Replies: 15
Views: 860

Re: How do you invest your DAF?

I recently opened a Fidelity Charitable account. I look through the investment options and I cannot decide on my asset allocation. I plan on giving monthly and I want to have some growth. I am thinking something like 70% Spartan Total Bond Index and 30% Spartan Total Stock Index. Knowing this is fo...
by dm200
Fri Feb 05, 2016 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Interest rates since the Fed rate increase in December
Replies: 1
Views: 235

Interest rates since the Fed rate increase in December

While this is but one indicator of interest rates (for various durations), I note that while short term brokered CDs are offering higher returns (jut bought a 3 month at 0.55%), longer term brokered CDs rates have declined. I note that earlier today a 4 year brokered CD offered a 1.40% rate (down fr...
by dm200
Fri Feb 05, 2016 4:35 pm
Forum: Investing - Theory, News & General
Topic: Please share examples where earning an extra $1 can cost more in taxes than income.
Replies: 23
Views: 2430

Re: Please share examples where earning an extra $1 can cost more in taxes than income.

dodecahedron wrote:Many places have property tax exemptions for senior citizens with incomes below a certain cutoff. One more dollar of income at the cutoff could mean thousands in extra property taxes.


Yes - that is absolutely true in my jurisdiction. My wife and I are recipients of such a very significant benefit.
by dm200
Fri Feb 05, 2016 4:06 pm
Forum: Personal Consumer Issues
Topic: out of network charge
Replies: 7
Views: 389

Re: out of network charge

(2) there was no x ray done because i brought my own x ray from the urgent care center; Why didn't this "urgent care center" take care of the finger? A "broken finger" (to me as a layperson) does not sound like a highly complex situation (at least in the short term). Was there a...
by dm200
Fri Feb 05, 2016 4:00 pm
Forum: Personal Consumer Issues
Topic: out of network charge
Replies: 7
Views: 389

Re: out of network charge

You can appeal to your insurance company. If/when they deny because you went out of network, you can certainly take it to the next level appeal and include that you couldn't wait for an in-network appointment. Too much pain or something like that would be good to include. It is very difficult to st...
by dm200
Fri Feb 05, 2016 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA Account
Replies: 12
Views: 500

Re: UTMA Account

A common mistake that many people make is assuming UGMA/UTMA accounts are rigidly controlled. There is model legislation that covers all aspects of the these accounts, but the truth is that there is generally no oversight of the custodian. There is no UGMA/UTMA police enforcing the law. These accou...
by dm200
Fri Feb 05, 2016 3:42 pm
Forum: Personal Consumer Issues
Topic: out of network charge
Replies: 7
Views: 389

Re: out of network charge

i had to go see an out of network doctor for a broken finger in the midst of snow storm last year. Now looking at the bill, i wish i had waited for an in network doctors appointment. The doctors office initially tried to charge me for 4 services for a total of $2,000- office visit, treatment, x ray...
by dm200
Fri Feb 05, 2016 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA Account
Replies: 12
Views: 500

Re: UTMA Account

My son is getting nowhere with his Dad either, as he is a thief of this account and doesn't want to confront this to himself morally, that's probably why. If my son can't get his Dad to pay him back or even have a rational discussion about this. Is there no legal recourse for my son? Why do people ...
by dm200
Fri Feb 05, 2016 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: keep or sell house after separation
Replies: 22
Views: 1171

Re: keep or sell house after separation

I have ZERO firsthand experience, but from observation, over the years, of many similar situations, the "new" wife almost always want (or insists on) a different house than the one where the husband lived with the previous wife.
by dm200
Fri Feb 05, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: How do you invest your DAF? [Donor Advised Fund]
Replies: 15
Views: 860

Re: How do you invest your DAF?

I recently opened a Fidelity Charitable account. I look through the investment options and I cannot decide on my asset allocation. I plan on giving monthly and I want to have some growth. I am thinking something like 70% Spartan Total Bond Index and 30% Spartan Total Stock Index. Knowing this is fo...
by dm200
Fri Feb 05, 2016 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA Account
Replies: 12
Views: 500

Re: UTMA Account

I'm looking at the last MFS Quarterly Account statement I was able to grab before the divorce - from Sept 2009 - for account information it has my ex/his Dad named first with "Cust" after the name, then my son's full name right below that, and then "Unif Trans Min Act CA" below ...
by dm200
Fri Feb 05, 2016 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA Account
Replies: 12
Views: 500

Re: UTMA Account

UTMA (and the older, but similar UGMAs) are governed by state law, so there may be differences in may details from one state to another. I am in this business. it appears to me that there is some very incorrect information posted. 1. While a UTMA "belongs" to the "minor" and uses...
by dm200
Thu Feb 04, 2016 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: TSP doesn't credit dividends & interest?
Replies: 14
Views: 822

Re: TSP doesn't credit dividends & interest?

I just learned that the government Thrift Savings Plan does not credit individual accounts with any income from the holdings. I am used to IRAs with an "automatic reinvestment" setting, where each time dividends or interest came in to my account, the plan used those funds to purchase addi...
by dm200
Thu Feb 04, 2016 4:03 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10477

Re: Do you pay for exercise?

I don't find cardio machines that useful. I think most people, myself included, just can't use cardio machines without getting dreadfully bored. If I'm doing cardio, I want to at least be moving somewhere. Running and cycling are great ways to explore your town/neighborhood. There's a reason home t...
by dm200
Thu Feb 04, 2016 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: My Megacorp offered a pension buyout today...
Replies: 40
Views: 3947

Re: My Megacorp offered a pension buyout today...

One factor I would place a high priority on (towards keeping the pension) is "asset protection". It is my opinion that the rights to and receipt of a pension have greater protection against lawsuits, judgments, etc. With a pension, you also have "protection" from making a bad jud...
by dm200
Thu Feb 04, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: SEC proposed regulations can affect index funds
Replies: 21
Views: 1129

Re: "Mutual Funds Are Risky"

Bogleheads: Mutual Funds Are Risky is the lead story in today's Wall Street Journal's Opinion Page These are excerpts: (First sentence): "We invest in mutual funds like millions of others, and thank goodness markets still allow the risk without which there can be no reward." "Financi...
by dm200
Thu Feb 04, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited a home, any tax benefits?
Replies: 30
Views: 1241

Re: Inherited a home, any tax benefits?

Thanks to all. I'm hearing you loud and clear, and will proceed to get the deed transferred into my sister and I's name. It seems like a quit claim deed is the right way to go about this? The property is in WV, does anyone have a link to the proper forms? Or is this something I should speak to the ...
by dm200
Thu Feb 04, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited a home, any tax benefits?
Replies: 30
Views: 1241

Re: Inherited a home, any tax benefits?

I have no idea how widespread this benefit may be in various jurisdiction, but this is the kind of "issue" I was referring to in a previous post. In my local jurisdiction, "Seniors" ( I think when one or both spouses, etc. are above 60 or 65), there is either a complete exemption...
by dm200
Thu Feb 04, 2016 12:15 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10477

Re: Do you pay for exercise?

Some folks simple have a harder time losing than others. That's my only point. Absolutely. Some of us may be descended from populations that encountered severe famine and food shortgages where may died. Those whose bodies retined more fat lived and the other died. These traits may have then been pa...
by dm200
Thu Feb 04, 2016 12:05 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10477

Re: Do you pay for exercise?

Because I like them (and the seem to satisfy hunger) and they are nutritious, I consume several handfuls of (raw, plain) tree nuts (mostly almonds and walnuts) almost every day. These are listed as fairly high in calories, mostly because of the fat content). BUT - I don't gain weight. What I believe...
by dm200
Thu Feb 04, 2016 10:54 am
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10477

Re: Do you pay for exercise?

My point is that - for some - simply eating less calories than they burn in a day does not necessarily result in weight loss. Are you really suggesting that someone could consistently burn more calories than they consume (let alone absorb) and yet they don't lose weight? How would that be possible?...
by dm200
Thu Feb 04, 2016 10:15 am
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10477

Re: Do you pay for exercise?

Some folks simple have a harder time losing than others. That's my only point. Absolutely. Some of us may be descended from populations that encountered severe famine and food shortgages where may died. Those whose bodies retined more fat lived and the other died. These traits may have then been pa...
by dm200
Thu Feb 04, 2016 10:07 am
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10477

Re: Do you pay for exercise?

My point is that - for some - simply eating less calories than they burn in a day does not necessarily result in weight loss. Are you really suggesting that someone could consistently burn more calories than they consume (let alone absorb) and yet they don't lose weight? How would that be possible?...
by dm200
Thu Feb 04, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Inherited a home, any tax benefits?
Replies: 30
Views: 1241

Re: Inherited a home, any tax benefits?

You did not ask this question, but it is kind of relevant. Most states have an "elective share" requirement for a legal spouse. This is essentially a minimum share of the estate regardless of the will. In some states this is applied to the "augmented estate". A pre-nup can overr...
by dm200
Thu Feb 04, 2016 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Inherited a home, any tax benefits?
Replies: 30
Views: 1241

Re: Inherited a home, any tax benefits?

1. Has the estate been settled (final)? Does (or did) your step mother have any rights financially? 2. I would consult a CPA, perhaps, about the best or optimum way financially to handle this rent-free use of the home. It may make sense to do it differently (but with the same net benefit to your ste...
by dm200
Wed Feb 03, 2016 10:28 am
Forum: Personal Consumer Issues
Topic: New Car - Compact SUV or Sedan
Replies: 36
Views: 2975

Re: New Car - Compact SUV or Sedan

Okay - I will modify my statement. I don't know why but the prius is the worse car driving experience I have ever had in the snow. ( I thought it was due to the narrow tires that have less tread to snow area but apparently I'm wrong about this). I've got two friends with prius who also complain of ...
by dm200
Wed Feb 03, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Babysitter not providing SSN
Replies: 59
Views: 5324

Re: Babysitter not providing SSN

To clarify: this is merely a tax related question that has caught me by surprise. Childcare is complying with FSA regulations, babysitter has obtained and provided us FBI clearance, was vetted by local agency etc... I would think that she would have had to provide her SSN for these. Is it redacted ...
by dm200
Tue Feb 02, 2016 5:30 pm
Forum: Personal Consumer Issues
Topic: New Car - Compact SUV or Sedan
Replies: 36
Views: 2975

Re: New Car - Compact SUV or Sedan

I would lean towards a 4 door Honda Civic FWD - if transporting a child works in this vehicle. Over the years, even in typical snow conditions, a FWD is generally ok.
by dm200
Tue Feb 02, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Babysitter not providing SSN
Replies: 59
Views: 5324

Re: Babysitter not providing SSN

As an individual, the OP is under no requirement to collect a SSN or generate a 1099, W-2, pay payroll taxes or take other steps to formally "employ" an intermittent babysitter. The OP desires to file an IRS form 2441 to collect a small tax credit, likely "significantly less" th...
by dm200
Tue Feb 02, 2016 5:13 pm
Forum: Personal Consumer Issues
Topic: Cost of home addition? Should I do it?
Replies: 44
Views: 2909

Re: Cost of home addition? Should I do it?

Of course, only you can decide. The kind of improvement you describe and the many other aspects of the house seem to me to be the kind of upgrade/improvement that often make a lot of sense, both lifestyle and financially. You could, apparently, use the additional small bedroom created from the exist...
by dm200
Tue Feb 02, 2016 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 51
Views: 5126

Re: Friend is an Edward Jones financial advisor -- should I drop him?

1. Not clear whether "drop him" means as a client or a friend or both? 2. I would NOT even try to dissuade him from working there; he will figure it out 3. Thank him for his spending time with you, but after full analysis of your situation, you feel you will stay with Vanguard. Invite him ...
by dm200
Tue Feb 02, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Babysitter not providing SSN
Replies: 59
Views: 5324

Re: Babysitter not providing SSN

You have a 100% valid and supportable reason and justification for needing her SSN (or some kind of valid Tax ID). Her refusal to comply with this request is having significant financial (and perhaps other potential) negative impact on you. How important is your business to her? If you can carry thr...
by dm200
Tue Feb 02, 2016 4:20 pm
Forum: Personal Consumer Issues
Topic: car title
Replies: 5
Views: 430

Re: car title

I did have the bill of sale when I registered the car in California decades ago. I remember being ticked off that I could not have that back. I'll try writing to both places. The RI website says: Non-Titled Vehicles Rhode Island does not title vehicles model year 2000 and older. If you would like t...
by dm200
Tue Feb 02, 2016 10:14 am
Forum: Personal Consumer Issues
Topic: car title
Replies: 5
Views: 430

Re: car title

I have an ancient Mustang. When I registered it in California decades ago, Motor Vehicles took all my paperwork, refused to return it or even let me copy it, and gave me a registration. Now I want to sell the car. I bought it in RI, but RI's Motor Vehicles website days it does not issue titles for ...
by dm200
Tue Feb 02, 2016 10:01 am
Forum: Personal Consumer Issues
Topic: car title
Replies: 5
Views: 430

Re: car title

I have an ancient Mustang. When I registered it in California decades ago, Motor Vehicles took all my paperwork, refused to return it or even let me copy it, and gave me a registration. Now I want to sell the car. I bought it in RI, but RI's Motor Vehicles website days it does not issue titles for ...
by dm200
Mon Feb 01, 2016 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: Low income... Contribute more 401k or save towards first home?
Replies: 18
Views: 1420

Re: Low income... Contribute more 401k or save towards first home?

I bought my first rental property at 25. Lived in half, rented half, and rented the second bedroom in my half. Beat the pants off the stock market. Beat the pants off living at home. Also was preferable to bring home a date to my roommate vs my parents. To each their own I suppose. I will 100% agre...
by dm200
Mon Feb 01, 2016 10:39 pm
Forum: Personal Consumer Issues
Topic: Car Loan Paid Off, Where is my Title?
Replies: 21
Views: 2049

Re: Car Loan Paid Off, Where is my Title?

You're talking different things. Releasing the lien and sending the title are not the same thing.


Exactly, VERY different things.
by dm200
Mon Feb 01, 2016 10:26 pm
Forum: Personal Consumer Issues
Topic: Vanguard Direct Deposit Source Changed
Replies: 6
Views: 756

Re: Vanguard Direct Deposit Source Changed

Better call Vanguard on that. I don't see that name in the Direct Deposit sources list, but then I am not sure why they even need that list. If it is a direction deposit activity (allocation) then that is a value provided by the account owner, not Vanguard. I don't think so. It is my understanding ...
by dm200
Mon Feb 01, 2016 4:26 pm
Forum: Personal Consumer Issues
Topic: Buy a bigger vehicle to grow into?
Replies: 28
Views: 1594

Re: Buy a bigger vehicle to grow into?

When our son was small, we bought one of the first Chrysler minivans (a 1985 Dodge in the fall of 1984). It was great for trips, etc. and even in a car seat, he could see out the window - so travel with him was much netter. With children, I think the 3rd row seating option can make a lot of sense. Y...

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