Search found 384 matches

by jimmyrules712
Mon Jul 18, 2016 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Tax question regarding estimated tax payments
Replies: 1
Views: 183

Tax question regarding estimated tax payments

My wife is a 1099 contractor, I'm a W2 employee. We used to make quarterly estimated tax payments for my wife's income but at the start of this year I just increased my withholding to account for her income so the estimated tax payments wouldn't be needed. Our joint taxable income for this year shou...
by jimmyrules712
Wed Jul 13, 2016 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 21
Views: 2113

Re: How are we doing?

My biggest concern is that you are relying on a pension to provide $1,000,000 which only has $43,000 in it today. It's easier to start with what you have, add what you really add, and see where you land. You have: $100k his 401k $43k cash balance pension $17k her solo 401k So $160k. At a rate of 4%...
by jimmyrules712
Wed Jul 13, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 21
Views: 2113

Re: How are we doing?

Easier to do everything in today's dollars so as to estimate actual purchasing power. So the $1,000,000 may be more like $400,000 in today's dollars. SS $1700, your spouse another $800. These are totally wild guesses butane ballpark. The $400,000 will kick off $1000 per month in apending. That's $3...
by jimmyrules712
Wed Jul 13, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: New Fidelity Visa: How to Log In?
Replies: 17
Views: 2028

Re: New Fidelity Visa: How to Log In?

They sent me a 1.5% visa to replace 1.5%, quick call and they set it to 2% no fuss. Interesting. I had both the AMEX and Visa from the old bank. I received my new cards about 1 month ago. I've called numerous times asking to convert the old visa to the 2% program and everytime I call they tell me t...
by jimmyrules712
Wed Jul 13, 2016 8:49 am
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 21
Views: 2113

Re: How are we doing?

Divide your expected social security payment by 2. Why? I got that number from the SSA.gov website. I got the quote at https://www.ssa.gov/cgi-bin/benefit6.cgi. Enter in birth day of 1/1/1987, current year earnings of $100,000, year planning to retire at 2036, and I set it to show inflated future d...
by jimmyrules712
Wed Jul 13, 2016 8:48 am
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 21
Views: 2113

Re: How are we doing?

IVF was not successful. Now we're looking at adoption (which is another $25k sadly). Sorry to hear that. Good luck with the adoption! I"m paying about $900 per year for my $1.25 mil term life and my wife's $500k policy is around $300 per year. Considering how young we are and how much our inco...
by jimmyrules712
Tue Jul 12, 2016 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 21
Views: 2113

Re: How are we doing?

You didn't mention if IVF was successful or not? If it was successful, it's money well spent. If not, I'm sorry to hear about your sturggles. I think you're way overinsured. $1.25 million for you plus $0.5 million for her seems like an absolute ton of insurance. While term life insurance is cheap a...
by jimmyrules712
Tue Jul 12, 2016 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 21
Views: 2113

Re: How are we doing?

Divide your expected social security payment by 2. Why? I got that number from the SSA.gov website. I got the quote at https://www.ssa.gov/cgi-bin/benefit6.cgi. Enter in birth day of 1/1/1987, current year earnings of $100,000, year planning to retire at 2036, and I set it to show inflated future d...
by jimmyrules712
Tue Jul 12, 2016 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 21
Views: 2113

Re: How are we doing?

That's good. But most plans still allow you to contribute more that won't be matched. You should strive for that. I'm aware of that, I was responding to your question on what they're matching limit is. Certainly your $5738/month estimate for social security at 62 is incorrect. The way to know for s...
by jimmyrules712
Tue Jul 12, 2016 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 21
Views: 2113

Re: How are we doing?

Nice company match on your 401k! What is their 1:2 matching limit? (You might want to bump up your 5% contribution there. If you must, do it over time - perhaps every time you get a raise or bonus). What happens when the babies arrive? Will your wife continue working and contributing to her solo 40...
by jimmyrules712
Tue Jul 12, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 21
Views: 2113

How are we doing?

Greetings Bogleheads. I’ve been off the grid for a while and want to check and and get feedback on how my wife and I are doing. We've been trying to have children and hadn't been having much luck which led us to doing 2 cycles of IVF earlier this year which we shelled out around $30k for which is th...
by jimmyrules712
Tue Mar 01, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Converting landline phone to Google Voice
Replies: 16
Views: 1738

Re: Converting landline phone to Google Voice

I've been using google voice with any OBihai device for 2 years or so. Works fantastically. No call issues at all.
by jimmyrules712
Thu Feb 25, 2016 9:56 am
Forum: Investing - Theory, News & General
Topic: Hesitant about starting Vanguard brokerage acct
Replies: 16
Views: 2140

Re: Hesitant about starting Vanguard brokerage acct

What are supposed advantages for the customer in this long term move to VBS? If you're a strict boglehead (only invest in low cost index funds) then the only thing you would likely use VBS for is ETFs. There are many more low cost index ETF options than there are mutual funds and often the ETF cost...
by jimmyrules712
Thu Feb 25, 2016 9:43 am
Forum: Investing - Help with Personal Investments
Topic: The first day of the rest of my life [help with investment direction]
Replies: 4
Views: 568

Re: The first day of the rest of my life [help with investment direction]

Generally it would be best to put as much money into tax advantaged accounts as possible (401k, roth ira) for as many years as possible, even if that means putting more in the 401k than you can afford for the next few years and using the $85k in savings to supplement the lost income and live off of....
by jimmyrules712
Mon Feb 22, 2016 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Solo 401k Profit Sharing Contribution Question
Replies: 11
Views: 783

Re: Fidelity Solo 401k Profit Sharing Contribution Question

I opened a solo 401k at Fidelity for my wife last year (she is self employed) and am about to make our first big contribution to it. I'm sure you meant to say " My wife opened a solo 401k at Fidelity for herself last year (she is self employed) and she is about to make her first big contributi...
by jimmyrules712
Mon Feb 22, 2016 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Solo 401k Profit Sharing Contribution Question
Replies: 11
Views: 783

Re: Fidelity Solo 401k Profit Sharing Contribution Question

We seem to have a lot of people who are quick to make statements about solo 401ks without knowing much about them. As a sole proprietor, my wife can legally make the profit sharing EMPLOYER contribution up until April 15th the next year and she can also make EMPLOYEE contributions until April 15th t...
by jimmyrules712
Mon Feb 22, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Subsidy/Medicaid Questions
Replies: 6
Views: 799

Re: Health Insurance Subsidy/Medicaid Questions

Please work with a counselor, navigator, etc. that is trained in General Assistance to guide the state worker. For determining sel-employed income, schedule C, schedule F, or profit and loss statements are used, not bank statements. For Medicaid healthcare, income is used to determine eligibility. ...
by jimmyrules712
Sun Feb 21, 2016 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Solo 401k Profit Sharing Contribution Question
Replies: 11
Views: 783

Fidelity Solo 401k Profit Sharing Contribution Question

I opened a solo 401k at Fidelity for my wife last year (she is self employed) and am about to make our first big contribution to it. Here is a screenshot of the contribution form: http://i.imgur.com/PH1Fb8b.jpg For a contribution submitted today, does the Employer Profit Sharing Contribution box app...
by jimmyrules712
Sun Feb 14, 2016 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Subsidy/Medicaid Questions
Replies: 6
Views: 799

Health Insurance Subsidy/Medicaid Questions

I'm trying to help my mother in law figure out what to do for health insurance. She lives in the state of Michigan. She's in her late fifties and only works part time. Makes about $3,000 per year doing that. She also owns a small farm and rents out the farmland for approximately $15,000 per year rev...
by jimmyrules712
Mon Feb 01, 2016 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Please advise re. Roth vs Trad for my 2015 tax year
Replies: 14
Views: 1071

Re: Please advise re. Roth vs Trad for my 2015 tax year

There is a wiki on deciding which to use. https://www.bogleheads.org/wiki/Traditional_versus_Roth In a combined 30% tax bracket it would take a very compelling situation to make the Roth a better choice. I've read the wiki and I'm aware of all of the data points out there, I'm just having trouble f...
by jimmyrules712
Sun Jan 31, 2016 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Please advise re. Roth vs Trad for my 2015 tax year
Replies: 14
Views: 1071

Re: Please advise re. Roth vs Trad for my 2015 tax year

I didn't think you could make a contribution for a previous year in a 401k. Is it different for a Solo 401k? Yes it is, Solo 401k contributions can be made for the previous year until April 15th. OP, What is your marginal tax rate for 2015? If it is 15% or below, put the money into Roth IRA. Or els...
by jimmyrules712
Sun Jan 31, 2016 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Please advise re. Roth vs Trad for my 2015 tax year
Replies: 14
Views: 1071

Please advise re. Roth vs Trad for my 2015 tax year

My wife and I are in our late 20's in the 25% federal tax bracket (and 5.5% state) and since we've been focusing on paying off debt until recently this is the first year we've been in a position to invest beyond my 401k matching. My wife is self emplyoed and has a Fidelity self employed 401k so we'r...
by jimmyrules712
Wed Dec 16, 2015 2:39 pm
Forum: Personal Consumer Issues
Topic: Advice on Selling Engagement Ring
Replies: 73
Views: 5960

Re: Advice on Selling Engagement Ring

Honestly you are really fortunate if you can get $10k for it. Take the money and run.
by jimmyrules712
Thu Jul 30, 2015 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Auto collision with uninsured driver caused $5000 in damage. What to do?
Replies: 23
Views: 2972

Re: Auto collision with uninsured driver caused $5000 in damage. What to do?

For $5,000 I would definitely file a claim with his own insurance and pay the deductible. Otherwise what's the point in having collision coverage? It shouldn't impact his rates much since he wasn't at fault. His insurance company will pursue the other guy, likely will send a bill to collections. If ...
by jimmyrules712
Tue Jul 21, 2015 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Bill Sent to Collections Instead of Insurance
Replies: 25
Views: 4400

Re: Medical Bill Sent to Collections Instead of Insurance

He was enrolled in Medicare, I know because I helped them do it. It was a bill from a radiologist, not the actual hospital. It's the radiologist that sent the bill to collections. The patient was getting treatment for cancer. I don't know the bill amount but I'm guessing it's not huge but I also kno...
by jimmyrules712
Mon Jul 20, 2015 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Bill Sent to Collections Instead of Insurance
Replies: 25
Views: 4400

Re: Medical Bill Sent to Collections Instead of Insurance

She tried calling the hospital and they basically said since it's already been sent to collections it's not their problem anymore and they can't do anything about it. Thoughts?
by jimmyrules712
Mon Jul 20, 2015 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Bill Sent to Collections Instead of Insurance
Replies: 25
Views: 4400

Re: Medical Bill Sent to Collections Instead of Insurance

There was no lapse in coverage. It was a complicated situation because the husband went from being on a private health insurance plan to qualifiying for medicaid to qualifying a month later for medicare (due to being on disability for 2 years). The husband had private insurance that expired on Dec 3...
by jimmyrules712
Sat Jul 18, 2015 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Bill Sent to Collections Instead of Insurance
Replies: 25
Views: 4400

Re: Medical Bill Sent to Collections Instead of Insurance

Learned more. The bill was actually for procedures for her husband, who passed away last month. The bill is in his name. There was no probate/estate or anything since the wife had joint ownership of everything. Since they can't collect from a dead person should she just ignore this and let it resolv...
by jimmyrules712
Sat Jul 18, 2015 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Bill Sent to Collections Instead of Insurance
Replies: 25
Views: 4400

Medical Bill Sent to Collections Instead of Insurance

I have a family member who came to me with this situation and I'm unsure how to advise her. She had a medical bill in February and around the same time her health insurance changed from one company to another. She gave the hospital the new insurance info but they messed up and billed the old company...
by jimmyrules712
Thu Jul 16, 2015 8:38 am
Forum: Personal Consumer Issues
Topic: Are the more expensive bikes worth paying for?
Replies: 78
Views: 6397

Re: Are the more expensive bikes worth paying for?

I haven't read the posts in this thread so maybe someone already pointed this out. The Trek FX is a great bike, that's what I have myself, but it's more of a beginners road bike. It is very fast on pavement and has really narrow tires. It would not be a good bike for any sort of trail or off road ri...
by jimmyrules712
Thu Jul 16, 2015 8:26 am
Forum: Personal Finance (Not Investing)
Topic: How much insurance do you buy?
Replies: 14
Views: 2132

Re: How much insurance do you buy?

Most experts and financial advisers will say you should ONLY get extra employer offered insurance if your health is too poor to qualify for decent individual rates. Reasons include the following: -Employer long term disability insurance is much more restrictive than individual normally and that's wh...
by jimmyrules712
Thu Jul 09, 2015 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - New $10 ATM Fee Reimbursement Limit
Replies: 78
Views: 8668

Re: Ally Bank - New $10 ATM Fee Reimbursement Limit

I use Ally as my main checking account and at first I wasn't happy about this but after more thought I'm OK with the ATM fee limit. I barely use ATMs and I don't want to subsidize the people that over use or abuse the fee reimbursement. Since Ally has to pay these fees to the ATM owners the cost has...
by jimmyrules712
Wed May 13, 2015 8:57 pm
Forum: Personal Consumer Issues
Topic: Free if you sign up (Home Depot card)
Replies: 18
Views: 3520

Re: Free if you sign up (Home Depot card)

There's lots of credit card offers that give sign up bonuses in the range of $400+ cash or hotel/airline points/miles worth $500 to $1,000 that I do all the time. I don't waste a credit report inquiry for an offer below $300. I probably sign up for these kinds of offers 6 to 8 times a year for me an...
by jimmyrules712
Mon Apr 27, 2015 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Best way to sell a used wedding ring?
Replies: 18
Views: 3409

Best way to sell a used wedding ring?

Not sure if this qualifies as personal finance or consumer, I'll try finance. I have a family member who is in a hard situation. Her husband cheated on her and then divorced her. She's struggling to make ends meet on her own. She wants to know how to get the most money for selling her wedding/engage...
by jimmyrules712
Sat Jan 03, 2015 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Client Not Letting Independent Contractor Use LLC?
Replies: 32
Views: 5251

Re: Client Not Letting Independent Contractor Use LLC?

An LLC will not protect your wife from liability for her actions. Single member LLC is a waste of time if you are attempting to shield yourself from liability. Understood, so in this case there is no real great benefit to an LLC. My bigger concern is we are about to renew her professional liability...
by jimmyrules712
Fri Jan 02, 2015 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Client Not Letting Independent Contractor Use LLC?
Replies: 32
Views: 5251

Re: Client Not Letting Independent Contractor Use LLC?

Small update on this. My wife spoke with one of the managers and the manager said they could not make the contract to her LLC because "Then it would be a business to business contract instead of us contracting with you individually". I'm thoroughly confused at this point. Do they just not ...
by jimmyrules712
Mon Dec 29, 2014 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Client Not Letting Independent Contractor Use LLC?
Replies: 32
Views: 5251

Re: Client Not Letting Independent Contractor Use LLC?

The bigger issue is why does she even have an LLC if she is a sole employee as the sole member? There are no advantages of such vs. just being a sole proprietor. Unless you need the corporate veil for legal protection I don't see any advantage then just getting another TIN with just your wife's nam...
by jimmyrules712
Mon Dec 29, 2014 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Client Not Letting Independent Contractor Use LLC?
Replies: 32
Views: 5251

Re: Client Not Letting Independent Contractor Use LLC?

It's a very small company (Less than 100 workers, and probably 2/3 of them are independent contractors). They probably don't have a procurement department. They have one HR lady who handles all this stuff.

My wife sets her own hours, chooses the jobs she takes, uses her own PC , etc.
by jimmyrules712
Mon Dec 29, 2014 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Client Not Letting Independent Contractor Use LLC?
Replies: 32
Views: 5251

Client Not Letting Independent Contractor Use LLC?

My wife used to be an employee for a company. Earlier this year she switched to being an independent contractor. Earlier this month we decided to form an LLC for her. It is time to renew her contract with the company and she asked if the contract can be made for the LLC instead of her directly. The ...
by jimmyrules712
Sun Nov 09, 2014 3:33 pm
Forum: Personal Consumer Issues
Topic: My DISH tv bill just keeps going up and up
Replies: 50
Views: 6838

Re: My DISH tv bill just keeps going up and up

I cut my dish bill by changing to the "Welcome Package" (http://www.mydish.com/upgrades/english-packages/welcome/?WT.svl=welpack-button). It's $20 a month and includes most the major channels, minus ESPN. I don't watch very much sports except occasional big games and they are usually on th...
by jimmyrules712
Thu Sep 04, 2014 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Do my in-laws need a will?
Replies: 26
Views: 3621

Re: Do my in-laws need a will?

Thanks for the responses everyone. Some things we need to consider: 1. This family is very poor. They live off of a combined joint income of less than $25k per year and they're neck high in medical debt from the husbands cancer treatments. Shelling out $500 to an attorney for setting up legal docume...
by jimmyrules712
Sun Aug 31, 2014 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do my in-laws need a will?
Replies: 26
Views: 3621

Re: Do my in-laws need a will?

I added this to the OP but to answer some questions: The state is Michigan. As far as estate size goes, they have a farm that is probably worth about $1 million with all land included but very little in other valuable assets. No retirement accounts, very little cash savings (under $100k). Three olde...
by jimmyrules712
Sun Aug 31, 2014 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Do my in-laws need a will?
Replies: 26
Views: 3621

Do my in-laws need a will?

My father-in-law is in his late fifties and he has terminal cancer; the doctors do not expect he'll make it to 2015. Mother-in-law is healthy and should survive him for a long time after. They currently do not have a will for the father-in-law and mother does not think he needs one since her name is...
by jimmyrules712
Mon Aug 18, 2014 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: Uninsured/Underinsured Motorists Coverage?
Replies: 17
Views: 1961

Re: POLL: Uninsured/Underinsured Motorists Coverage?

I selected option #3. I carry $25k/$50k UM/UIM, which is the lowest amount my insurance company offers, while my state (Oklahoma) required minimum is $0. In my state (as in most) UM/UIM does not cover property / vehicle damage, only personal bodily harm & inconvenience. I have short & long t...
by jimmyrules712
Thu Aug 14, 2014 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Disbursement Fee?
Replies: 6
Views: 1496

Re: 401k Disbursement Fee?

LAlearning wrote:You could ask to waive it.

You could also not care and pay it...unless her account is not even worth $50.

Or since you seem to be very bothered by it, do nothing and leave it.

I guess I'm surprised because I haven't encountered a fee for rolling over a 401k before, only for moving IRAs.
by jimmyrules712
Thu Aug 14, 2014 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Disbursement Fee?
Replies: 6
Views: 1496

401k Disbursement Fee?

My wife has a 401k at a company called Alerus Financial (http://www.alerusretirementsolutions.com). She left that job so I want to roll the 401k into her self employed 401k at Fidelity. When we called to initiate the rollover Alerus said they charge $50 fee for all disbursements. I'm assuming there'...
by jimmyrules712
Wed Aug 13, 2014 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Job Change for Someone Using an ACA Subsidy
Replies: 3
Views: 1274

Job Change for Someone Using an ACA Subsidy

Back in December my sister signed up for a plan on the federal health insurance exchange. She only had a part time job that paid $17k a year and did not provide insurance so she qualified for a large subsidy that made her health insurance free. She just got a new job that pays about $39k a year sala...
by jimmyrules712
Tue Aug 12, 2014 9:38 pm
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 67
Views: 6664

Re: Motorcycle for short commute?

Thought id share. I live in Oklahoma. It's averaging 70s to 80s in the morning and around 100 in the evening in the summer. I ride a motorcycle 3 miles to work most days in my work clothes and I don't have much trouble with getting sweaty or anything (at least in the morning going to work). 80d with...
by jimmyrules712
Fri Aug 08, 2014 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Avoid Vanguard FundAccess Fees?
Replies: 11
Views: 2167

Re: Avoid Vanguard FundAccess Fees?

Unfortunately if they want to invest in non-Vanguard funds exclusively then Vanguard is the wrong place to have their IRAs. There are other brokerages that would have much lower fees for those purposes. You either need to convince them to switch to Vanguard funds or put them in a brokerage that is b...
by jimmyrules712
Wed Jul 30, 2014 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 7323

Re: Was ready to pull plug on Janus..until

I understand..thanks for showing the 5 year comparisons. The reason Janus outperformed over 8 years is because most of their funds had an extremely good 2007(7 years ago) compared to their peers. I think I have been lucky and it is time at age 49 to have a better allocation, and I'm leaning towards...

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