Search found 1307 matches

by flyingbison
Wed Apr 26, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: grandparent college loan options
Replies: 16
Views: 860

Re: grandparent college loan options

Where are the child's parents? Could she qualify as independent for financial aid purposes? "Being considered an independent student is not merely a matter of being responsible for your own educational expenses. You must meet certain criteria to be declared an independent student for the purpos...
by flyingbison
Tue Apr 25, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: co-worker had a baby, chipping in on gift- how much?
Replies: 57
Views: 2892

Re: co-worker had a baby chipping in on gift- how much?

F150HD wrote:Co-Worker just had a baby. What is a customary amount for a baby gift at work?


Customary for me - $0.00
by flyingbison
Mon Apr 24, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: understanding TIAA-CREF
Replies: 22
Views: 1337

Re: understanding TIAA-CREF

TIAA is just a company. There are different type of accounts that may be held in TIAA, and your friend would need to know the specific type of account and the employer rules for the plan.
by flyingbison
Mon Apr 24, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: Sabbatical/year away plans-- what to consider?
Replies: 7
Views: 591

Re: Sabbatical/year away plans-- what to consider?

Excellent points re: renting the house while we're away. We'd have to think very carefully about whether that makes sense for us. It's a brand new house and we'd rather not come back to find it junked. If you live near a university, you might want to contact their HR department to inquire about the...
by flyingbison
Fri Apr 21, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: Removing a tree - expensive!!!
Replies: 81
Views: 6263

Re: Removing a tree - expensive!!!

If it is that close to the houses, then they'll have to bring in some type of boom or cherry picker to cut it down a little at a time. No cheap way to do it, unfortunately. Yes! I am sure that contributes to the high price! I am no tree expert, but I cannot see any way the tree can safely just be &...
by flyingbison
Fri Apr 21, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Removing a tree - expensive!!!
Replies: 81
Views: 6263

Re: Removing a tree - expensive!!!

If it is that close to the houses, then they'll have to bring in some type of boom or cherry picker to cut it down a little at a time. No cheap way to do it, unfortunately.
by flyingbison
Fri Apr 21, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tangible benefit to "Getting your name out there" for employment?
Replies: 5
Views: 519

Re: Tangible benefit to "Getting your name out there" for employment?

It seems like the main benefit would be gaining relevant experience if this is the type of work you are hoping to do.
by flyingbison
Thu Apr 20, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Should I roll out my portion of my pension???
Replies: 7
Views: 744

Re: Should I roll out my portion of my pension???

Thanks for the replies..... Yes the $55000 represents $769 per month starting in 20 years which does not seem great. I am going to file the paper work and roll it into a IRA and take control of my own future. I knew it was the right answer but I want to make sure I did not miss anything. Late to th...
by flyingbison
Wed Apr 19, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Adult child lack of availability at tax time.
Replies: 24
Views: 1931

Re: Adult child lack of availability at tax time.

Do nothing. You are making this your problem, and it has nothing to do with you.
by flyingbison
Wed Apr 19, 2017 10:16 am
Forum: Personal Consumer Issues
Topic: Tips on Uber
Replies: 64
Views: 5013

Re: Tips on Uber

squirm wrote: ... these people barely make enough to justify what their doing. Saying the app doesn't allow it, is just a copout, just hand them a five, at least their trying to make ends meet by working. ...


I'd say the same applies to me, but I've never been tipped in over 30 years.
by flyingbison
Tue Apr 18, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Help with pension info
Replies: 9
Views: 405

Re: Help with pension info

OP, are you sure this is actually a pension (defined benefit) plan vs a defined contribution plan? Generally speaking, there are very few companies that offer pension plans anymore, and if this one does, I wouldn't plan on it being around by the time you retire.
by flyingbison
Tue Apr 18, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: Dishwasher Problem
Replies: 4
Views: 504

Re: Dishwasher Problem

Not enough info to diagnose it, but it could be a problem with the float switch. Before calling a repair tech, I would take off the kick plate panel so you can see the plumbing and wiring underneath. See if there anything obviously broken or out of place. Then turn it on to see if you can spot where...
by flyingbison
Mon Apr 17, 2017 7:48 pm
Forum: Personal Consumer Issues
Topic: Any MPA Grads or Students? Advice.
Replies: 10
Views: 1025

Re: Any MPA Grads or Students? Advice.

The teachers assign a lot of reading but I've noticed that there is little correlation between the readings and the assessments so you don't actually have to do most of the readings. Most of the assessments are essays and there have been very few in classroom exams. If you look at RateMyProfessor.c...
by flyingbison
Mon Apr 17, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Pension option-Should I include child?
Replies: 33
Views: 2111

Re: Pension option-Should I include child?

I've never heard of a pension plan that would pay out a lifetime survivor benefit to a child. It doesn't seem like a financially sustainable model. For example, my state pension plan has this note regarding all the survivor options: "This option is not available if your named survivor is more t...
by flyingbison
Fri Apr 14, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Best place to setup a will
Replies: 42
Views: 3575

Re: Best place to setup a will

I have no idea. I've never had a will nor had a need for one. I don't know if they legally need updating every X years? some kind of official 'stamp' every few years? Thats why I asked. Please explain, in general, how this can be. You have no relatives? You have no assets? I never had a will until ...
by flyingbison
Thu Apr 13, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 3905

Re: Will - what is complicated?

It seems to me that, except for some unusual gross screwups, the heirs (and other interested parties) either would not know or could not document that the will did not conform to the stated desires and intents of the deceased. Suppose, for example, that the deceased had three children, bit only nam...
by flyingbison
Thu Apr 13, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 3905

Re: Will - what is complicated?

I am answering this thread only because I think the OP is getting one-sided advice. Does everyone that has posted so far really believe a group of attorneys in the state of X could not write up software for the typical couple with a couple of kids, ... I agree with you gasdoc, but on this site it s...
by flyingbison
Wed Apr 12, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 3905

Re: Will - what is complicated?

I am answering this thread only because I think the OP is getting one-sided advice. Does everyone that has posted so far really believe a group of attorneys in the state of X could not write up software for the typical couple with a couple of kids, ... I agree with you gasdoc, but on this site it s...
by flyingbison
Wed Apr 12, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 3905

Re: Will - what is complicated?

Wow, thanks for the great feedback. Pretty resounding advice to work with an attorney. That was my gut, but I always try to consider the DIY route first. I'll read a couple books and be prepared to lessen the cost, but it seems like a smart investment to work with an expert. As an alternative to co...
by flyingbison
Wed Apr 12, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: NY Free College for household AGI less than $125k
Replies: 3
Views: 412

Re: NY Free College for household AGI less than $125k

It's not clear from your post why you are aggravated - because you do qualify or you don't?. My kid has a long way to go until college, but I would seriously consider moving back to NY for this.
by flyingbison
Tue Apr 11, 2017 8:51 pm
Forum: Personal Consumer Issues
Topic: leaving early from work
Replies: 57
Views: 7272

Re: leaving early from work

Both of us work and we have kids(less than 3 yrs old). We need to drop off and pick up kids at day care. Both of us work in the financial space. How accommodating are bosses to this situation? Really depends on the company and your supervisor. But it sounds like this isn't an occasional request, bu...
by flyingbison
Tue Apr 11, 2017 5:27 pm
Forum: Personal Consumer Issues
Topic: Honda Pilot good 1st vehicle for teen?
Replies: 46
Views: 2578

Re: Honda Pilot good 1st vehicle for teen?

If it were my shoes, I would keep the Pilot for your son. I would however limit his ability to haul friends around. As someone else mentioned above, nothing good for him or you can come from your son hauling friends around. That's not how (my) teenagers worked. They generally do exactly what you te...
by flyingbison
Mon Apr 10, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans, Deferment, and Credit Scores.
Replies: 4
Views: 295

Re: Student Loans, Deferment, and Credit Scores.

Answers to some of your questions are here: https://studentaid.ed.gov/sa/repay-loan ... orbearance

I do not believe she can defer payments indefinitely.
by flyingbison
Mon Apr 10, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 100
Views: 4084

Re: Require Access to School Records?

8foot7 wrote:I am amused by how many people say cut the cord when that tuition and boarding check comes out of their accounts and not the kid's checking.


Not everyone thinks that money = control. Different strokes.
by flyingbison
Mon Apr 10, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 100
Views: 4084

Re: Require Access to School Records?

munemaker wrote:
How can one have independence if financially dependent?


Because as my child grows into adulthood, I expect her to make her own decisions. Whatever my level of financial support will be when she enters college (yet to be determined), it will not come with the strings of obedience.
by flyingbison
Sun Apr 09, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 100
Views: 4084

Re: Require Access to School Records?

Did you press the issue and force your student to sign the papers authorizing access? How, exactly, would you "force" your child to sign something? Time to cut the cord, IMO. How would knowing your daughter's grades be beneficial to either one of you? It seems obvious to me that the way t...
by flyingbison
Sun Apr 09, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 100
Views: 4084

Re: Require Access to School Records?

gasdoc wrote: Did you press the issue and force your student to sign the papers authorizing access?


How, exactly, would you "force" your child to sign something? Time to cut the cord, IMO. How would knowing your daughter's grades be beneficial to either one of you?
by flyingbison
Thu Apr 06, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Not too late to open and fund child's Roth for 2016
Replies: 5
Views: 309

Re: Not too late to open and fund child's Roth for 2016

Just want to point out that if you've been considering a Roth IRA for your child, you still have about ten days to do so, if you want to fund it for 2016 up to the greater of $5,500 or their "earned income" amount. Have IRA contribution rule changed? The limit is their earned income amoun...
by flyingbison
Wed Apr 05, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Help with college choice
Replies: 125
Views: 5358

Re: Help with college choice

I also vote for taking the scholarship at Vanderbilt.

Your son, of course, will be an adult and needs to make that decision for himself.
by flyingbison
Tue Apr 04, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Switching Jobs for less...Has anyone done this....
Replies: 46
Views: 3603

Re: Switching Jobs for less...Has anyone done this....

Yes, I made a major career change over 15 years ago. Still paying the price financially, but I wouldn't have survived this long in my old job.
by flyingbison
Mon Apr 03, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 23521

Re: Low-earners- What is your profession?

Also factor in defined benefit plans, which are absolute dinosaurs in the private sector. My in-laws, both 30-40 year Army Reservists, collect a combined pension of $85k/year. Also many of those jobs you can start collecting in your 40s. Certainly there are tons of folks putting themselves in harms...
by flyingbison
Fri Mar 31, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tuition or 401k at 49?
Replies: 7
Views: 673

Re: Tuition or 401k at 49?

uwt wrote: I have considered the fact that competing with 22 year-olds for slots would be a challenge. But the one thing I would have that they would not is experience.


Age discrimination is very real. Don't underestimate it.
by flyingbison
Fri Mar 31, 2017 1:24 pm
Forum: Personal Consumer Issues
Topic: Is Craigslist still the main site to sell stuff locally?
Replies: 51
Views: 4702

Re: Is Craigslist still the main site to sell stuff locally?

Depends on what you are trying to sell.
by flyingbison
Thu Mar 30, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Divorcing and handling shared and split assets after divorce
Replies: 55
Views: 3302

Re: Divorcing and handling shared and split assets after divorce

DireWolf wrote:
flyingbison wrote:Split the joint assets now, 50/50.


Never just do 50/50. Do what's fair... that could be 90/10


Or 50/50
by flyingbison
Thu Mar 30, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Parents paying second home's expenses, but not paying rent?
Replies: 13
Views: 1949

Re: Parents paying second home's expenses, but not paying rent?

However, you can rent it for substantially below market to a relative, and still treat as a second home as personal property because the below market rate to a family means you've used it for personal use. Thus, you have to claim the income from the rent, but you then can deduct taxes and interest....
by flyingbison
Thu Mar 30, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Parents paying second home's expenses, but not paying rent?
Replies: 13
Views: 1949

Re: Parents paying second home's expenses, but not paying rent?

It sounds like you have no income and it's s family member. What are you trying to do? How can you say the OP has no income when the parents "contribute to the mortgage payment?" No one said the OP had no income. The implication was the OP had no income from the second dwelling. That is e...
by flyingbison
Thu Mar 30, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Parents paying second home's expenses, but not paying rent?
Replies: 13
Views: 1949

Re: Parents paying second home's expenses, but not paying rent?

Bacchus01 wrote:It sounds like you have no income and it's s family member. What are you trying to do?



How can you say the OP has no income when the parents "contribute to the mortgage payment?"
by flyingbison
Wed Mar 29, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 150
Views: 8998

Re: When do you plan to die?

75, give or take a few years
by flyingbison
Wed Mar 29, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Question re 403b with TIAA-CREF
Replies: 21
Views: 863

Re: Question re 403b with TIAA-CREF

You probably don't have it. Each TIAA-CREF plan is different. What's more, they often offer different classes of the same fund (similar to Vanguard's Admiral/Investor shares, but less transparent) so if your equity index is .37% I would expect any other index funds to be in the same range. Possibly...
by flyingbison
Tue Mar 28, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Not opting for 529... anyone else?
Replies: 175
Views: 9925

Re: Not opting for 529... anyone else?

I_Am_Not_A_Doctor wrote:So, for now, we're not contributing to a 529. Anyone else choosing not to contribute to a 529? If not, why not?


Me (along with most other people), for most of the reasons you mentioned.
by flyingbison
Tue Mar 28, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4693

Re: Daughter maxed out credit cards, needs help from me

MY DRAFT PLAN: - Loan her the money to pay off her depts. No one needs the burden of 21% interest. - Tear up & cancel all of her credit cards and credit lines. She does need some sort of card for her business travel. - Mandatory education for her about personal finance, budgeting, thrift, etc. ...
by flyingbison
Tue Mar 28, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Red light camera Fort Worth
Replies: 50
Views: 3153

Re: Red light camera Fort Worth

It says it is a civil unpaid penalty imposed by the city of Fort Worth ordinance. Payment should be made to city of Fort Worth photo enforcement program. The video you can't tell who is driving. I just know since the only time I was in a car was with all four people. You can tell there isn't four p...
by flyingbison
Tue Mar 28, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?
Replies: 33
Views: 2844

Re: Parents offering to invest $300,000 in my name as graduation gift; initial thought is to invest in a house?

Parents will have to file a gift tax return whether it is a house or money. I'm not a fan of owning hard real estate - especially remotely. In addition to the hassle of managing the property, keep in mind that it will complicate your US taxes (adds Schedule E and the Depreciation forms at a minimum...
by flyingbison
Tue Mar 28, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: 403b Loan from TIAA CREF [Portfolio help]
Replies: 5
Views: 1190

Re: 403b Loan from TIAA CREF [Portfolio help]

Just to follow up, I paid the loan close to 6 mos ago and have just got around to filling out the forms to liquidate everything at TIAA into Vanguard, using the following form: https://personal.vanguard.com/us/literature/search?searchInput=S221&search_mode=true My benefits rep at work said Vang...
by flyingbison
Mon Mar 27, 2017 12:11 pm
Forum: Personal Consumer Issues
Topic: Need advice about massive changes in daughter's college program by dean
Replies: 52
Views: 4126

Re: Need advice about massive changes in daughter's college program by dean

The new dean of the school which includes her major (which I won't specify here for anonymity, as there are very few of these programs in-state) has recently made major changes (without any input from faculty or students): It's very unlikely that major changes to the curriculum were made by a dean,...
by flyingbison
Sat Mar 25, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 80
Views: 6699

Re: How did graduating out of daycare impact your finances?

Daycare and K-12 are indeed run by a church. We never availed ourselves of the tuition discount they offer if you tithe. I just checked current yearly tuition and it's all the way up to $6,300 per year. Larg-ish school with football, basketball, track and golf teams. Performing arts programs includ...
by flyingbison
Fri Mar 24, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 80
Views: 6699

Re: How did graduating out of daycare impact your finances?

Graduating from daycare affected nothing financially - started paying private grade school tuition. Now it's in-state public university tuition. University is by far the most expensive of the three. Really? In many states, full-time daycare is a lot more expensive than public university tuition. It...

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