Search found 449 matches

by jimmyrules712
Wed Jan 31, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: What banks would you recommend for closing a mortgage on a purchase fast
Replies: 8
Views: 772

What banks would you recommend for closing a mortgage on a purchase fast

Long story short, my job is moving me to a different state. They'll give me a lump sum of monies to cover relocation costs and temporary housing costs until I can purchase a home. The sooner I can buy and close and move in the more of that money I get to keep. So I need to decide who to apply for mo...
by jimmyrules712
Wed Jan 10, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Should I use a CPA for my taxes this year?
Replies: 9
Views: 755

Should I use a CPA for my taxes this year?

Would appreciate advice on my situation. I've done the taxes for my wife and I through Turbotax every year in the past until now. I think I have a strong handle on it. I work a standard W2 job. My wife is a 1099 contractor so we do have some complexity with tracking and deducting her Schedule C expe...
by jimmyrules712
Thu Dec 21, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51064

Re: Tax Bill Omnibus Thread

Anyone know if they retained or got rid of the deduction for employer adoption assistance? I know at one point it was planned to be removed but I don't know where it landed. I have an adoption being finalized next year and this would impact me. Overall looks like with the lower brackets and higher c...
by jimmyrules712
Mon Dec 18, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA and prev emp 401k to current 401k?
Replies: 10
Views: 670

Re: Rollover IRA and prev emp 401k to current 401k?

The only reason not to do it is if the fund options at your new 401k are bad. If you like the funds and the fees are low then go for it.
by jimmyrules712
Mon Dec 18, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 90
Views: 8123

Re: Paul Merriman and Small Cap Value

I was playing around with PV, testing TSM vs. SCV. (Numbers include 2017, up through November.) Since 1995, SCV has outperformed TSM by an average of 1.53% per year. There was never a stretch where TSM outperformed SCV for more than 2 consecutive calendar years. SCV beat TSM in 15 out of the 23 yea...
by jimmyrules712
Mon Dec 18, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Transfer between two Ally accounts owned by different folks
Replies: 5
Views: 553

Re: Transfer between two Ally accounts owned by different folks

One thing I miss about capital one 360 is the ability to transfer money between two account owners. Is this not possible via Ally? There is Zelle but I believe there's a limit. I'm assuming we're not talking about transferring between people like spouses, which you can do internally unlimited if yo...
by jimmyrules712
Fri Dec 15, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 10830

Re: How much did you contribute to your 401k in 2017?

I only did the minimum to get the full match this year so about $5,300 however next year I'm really hoping to start maxing it out for the first time. Age early 30's. Wife is a SAHM at the moment so no contributions for her (couldn't afford it anyway).
by jimmyrules712
Fri Dec 15, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 10830

Re: How much did you contribute to your 401k in 2017?

36 - would have been $18,000+ match but just found out a few minutes ago that they took 401k contributions out of our bonus and my last check of the year will take into account my annual review raise (two things which they did not do last year), so I am going to have to do some quick math to not ov...
by jimmyrules712
Wed Nov 15, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 5428

Re: Fair way to split expenses?

All, In order to prevent future fights and difficulties with money, my wife and I have decided to have separate bank accounts and funnel money to a joint account that auto pays our bills. I would like to ask advice from those who have done anything remotely similar as to the best way to determine h...
by jimmyrules712
Tue Nov 07, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Assessing my retirement savings rate
Replies: 9
Views: 1391

Re: Assessing my retirement savings rate

I'm trying to asses what my minimum savings rate needs to be to retire. Desired retire date: 25 years from this year (This puts me at retiring in my mid fifties. I could go later if needed obviously.) Retirement income needed: $60,000 a year after tax ($5,000 a month) to be comfortable. $4,000 a mo...
by jimmyrules712
Mon Nov 06, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Assessing my retirement savings rate
Replies: 9
Views: 1391

Re: Assessing my retirement savings rate

You might want to re-calculate your SS payout based on when the trust fund is expected to run out (about 2034) and the expected payout based on just contributions continuing (about 75%). I'm more in the 2-3 years from retirement and already have these expectations figured in. I can't imagine expect...
by jimmyrules712
Mon Nov 06, 2017 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Assessing my retirement savings rate
Replies: 9
Views: 1391

Assessing my retirement savings rate

I'm trying to asses what my minimum savings rate needs to be to retire. Desired retire date: 25 years from this year (This puts me at retiring in my mid fifties. I could go later if needed obviously.) Retirement income needed: $60,000 a year after tax ($5,000 a month) to be comfortable. $4,000 a mon...
by jimmyrules712
Thu Nov 02, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: A tax planning question about the proposed GOP tax plan
Replies: 7
Views: 1163

Re: A tax planning question about the proposed GOP tax plan

David Jay wrote:
Thu Nov 02, 2017 5:23 pm
No can do - no commenting on proposed legislation on the BH forum.
I can't ask how the proposed legislation would affect me, even if the impact requires that I take action right now?
by jimmyrules712
Thu Nov 02, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: A tax planning question about the proposed GOP tax plan
Replies: 7
Views: 1163

A tax planning question about the proposed GOP tax plan

In the proposed GOP tax overhaul they are eliminating the adoption tax credit. My wife and I are planning to adopt soon and were counting on that credit to help pay for the expense (expected cost at $25k, credit is worth $13k). If these changes do get voted into law this year would they go into effe...
by jimmyrules712
Fri Oct 27, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Annual enrollment time, trying to decide on Dependent Care FSA
Replies: 9
Views: 433

Re: Annual enrollment time, trying to decide on Dependent Care FSA

How much is childcare in your area? With infants at almost $2k a month near me, you could use most of it in Jan/Feb, and if you move its pretty easy to use the remaining for evening babysitters. If we stay and use daycare we would be using a part time (2 or 3 days a week for 6 hours each day) optio...
by jimmyrules712
Fri Oct 27, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Annual enrollment time, trying to decide on Dependent Care FSA
Replies: 9
Views: 433

Annual enrollment time, trying to decide on Dependent Care FSA

My wife and I have a 3 month old baby. There's a 50/50 possibility my job will be moved to a different state early next year and I won't know for sure until January or later. If we move then my wife won't be able to work for the first year and would stay home and we would not use daycare. If we do n...
by jimmyrules712
Fri Oct 06, 2017 1:54 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about cashing completely out of equites....
Replies: 75
Views: 8999

Re: I'm thinking about cashing completely out of equites....

If you have what you need to retire then irregardless of what the market is doing I think it makes sense to decrease your stock allocation. Maybe go more to something like 75% bonds/cash and 25% stocks?
by jimmyrules712
Wed Oct 04, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: TV DVR Dilemnia: OTA or Satellite
Replies: 11
Views: 1100

Re: TV DVR Dilemnia: OTA or Satellite

What I use for an OTA DVR solution is a device called Tablo. I've had this setup for over 2 years and been extremely happy with it, and best of all my wife likes it to. It gives us OTA TV with guide and DVR on all 4 TVs in our house without needing to buy 4 DVRs. My OTA antenna is connected to the T...
by jimmyrules712
Wed Sep 27, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Solo 401k Electronic Transfers
Replies: 11
Views: 800

Re: Fidelity Solo 401k Electronic Transfers

How many Self-Employed 401k deposits do you make in a year and how hard is it really to make a phone call. Yes it is an inconvenience, but a minor one at that. I'm more bugged about them still not allowing designated Roth accounts. It's my wife's account. She's self employed but I manage her financ...
by jimmyrules712
Wed Sep 27, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Solo 401k Electronic Transfers
Replies: 11
Views: 800

Re: Fidelity Solo 401k Electronic Transfers

Jack FFR1846 wrote:
Tue Sep 26, 2017 2:49 pm
Dude.....call them or chat them now. They're super informed on the front line. I can't imagine they can't do that. It's very basic for any company not stuck in the 80's.

I ACH into my Roth without issue.
Believe it or not, they do not currently offer that capability for solo 401ks.
by jimmyrules712
Tue Sep 26, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Solo 401k Electronic Transfers
Replies: 11
Views: 800

Fidelity Solo 401k Electronic Transfers

Has anyone who has a Fidelity solo 401k figured out if it's possible to make deposits through the website electronically? I know you can mail in a check and I know you can transfer money into a cash management account and then call in and ask them over the phone to transfer to the 401k. I read somew...
by jimmyrules712
Mon Sep 25, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Honda CRV All Wheel Drive VS Front Wheel, Which One?
Replies: 88
Views: 7825

Re: Honda CRV All Wheel Drive VS Front Wheel, Which One?

I have AWD on my ford escape and I love it. Significantly better rain/snow traction and when I need to I can accelerate better without losing traction since I'm getting power to all 4 wheels instead of just 2. Contrary to what other's have said I think it will definitely increase resale value as wel...
by jimmyrules712
Mon Sep 18, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on adjusting withholding for an expected tax credit?
Replies: 5
Views: 470

Thoughts on adjusting withholding for an expected tax credit?

I'm currently working through the process of adopting a child. It is expected to be finalized in February 2018 and we will incur adoption related expenses and fees well over $20,000. There is a federal adoption tax credit worth $13,570 that can be claimed for any adoption expenses up to that amount ...
by jimmyrules712
Thu Sep 14, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: Help! - How to improve small company 401k?
Replies: 19
Views: 1933

Re: Help! - How to improve small company 401k?

I can't speak from experience but I imagine the first step should be your wife asking around to find out who is in charge of the 401k program. Once she knows who it is she should contact them and ask if they'd be open to hearing her feedback on the plan and discussing ways in which she thinks it can...
by jimmyrules712
Wed Sep 13, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 6335

Re: Turned down for umbrella insurance

My net worth is under $1 million and my local State Farm agent made no issue of issuing me a $3 million umbrella policy. They didn't ask for any documentation or proof of assets or investments (although I do have home and auto insurance with them). Seems like Liberty doesn't want your business. I'd ...
by jimmyrules712
Tue Aug 29, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's doctor sent bill to collections without ever mailing anything to us
Replies: 10
Views: 1938

Re: Wife's doctor sent bill to collections without ever mailing anything to us

It is generally never a good idea to just pay a collector when they call you. You should always ask for a validation of the debt. This gives you own time to research the issue with the original debtor. Now you have a paid collection, when at a minimum you could have negotiated a "pay for delete" ar...
by jimmyrules712
Mon Aug 28, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's doctor sent bill to collections without ever mailing anything to us
Replies: 10
Views: 1938

Wife's doctor sent bill to collections without ever mailing anything to us

A week or two ago my wife got a call from a debt collector saying she had a $75 unpaid bill from one of her medical specialists from a visit in January in collections. She researched it and found that it was a valid bill and she went ahead and paid the full balance to the debt collector. Later she a...
by jimmyrules712
Fri Aug 18, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Debt collector called, should we call them back?
Replies: 15
Views: 2301

Debt collector called, should we call them back?

My wife received a VM from someone claiming to be a debt collector and said she needs to call them back. We are normally on top of our bills and have never had any unpaid debts or been involved with debt collectors before....however my wife does incur a lot of medical bills and it would not surprise...
by jimmyrules712
Thu Aug 03, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Request help deciding on Roth vs Traditional
Replies: 17
Views: 949

Re: Request help deciding on Roth vs Traditional

[*]My wife is self employed so she doesn't get any type of employer retirement savings[/list][/list] jimmyrules712, She can start her own 401K plan. https://www.bogleheads.org/wiki/Solo_401(k)_plan KlangFool Yes she does have a solo 401k with some monies in it (and that is accounted for in my OP de...
by jimmyrules712
Thu Aug 03, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Losing confidence in Ally Bank - what would you do
Replies: 58
Views: 7751

Re: Losing confidence in Ally Bank - what would you do

Not trying to downplay the significance of your issue but I'm extremely surprised. I've been using Ally for my main bank for over 5 years and have 3 checking accounts and 4 savings accounts with them. I transfer money around (internally and externally) all the time and have never experienced a "fail...
by jimmyrules712
Wed Aug 02, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Request help deciding on Roth vs Traditional
Replies: 17
Views: 949

Re: Request help deciding on Roth vs Traditional

FiveK wrote:
jimmyrules712 wrote:I've read the case against the 401k article....
Just curious - which one is that?
Sorry it's case against the ROTH 401k, not all 401k.
https://thefinancebuff.com/case-against-roth-401k.html
by jimmyrules712
Wed Aug 02, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Request help deciding on Roth vs Traditional
Replies: 17
Views: 949

Re: Request help deciding on Roth vs Traditional

Hey everyone. I hope we can start maxing our Roth IRAs in the near future but this year and next year it won't be possible. We're still paying down some debt and my wife is going to go back to school part time which we're going to pay for as we go and we're saving up to adopt a baby ($20k). For now ...
by jimmyrules712
Wed Aug 02, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Request help deciding on Roth vs Traditional
Replies: 17
Views: 949

Request help deciding on Roth vs Traditional

First of all I know this subject is heavily discussed and debated. I've read the case against the Roth 401k article and agree with much of it's logic. What I need help with is deciding which way to go for my 401k savings given my circumstances. Details: Married, both close to 30 yrs old. Joint incom...
by jimmyrules712
Tue Aug 01, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover. Need advice
Replies: 9
Views: 617

Re: 401k Rollover. Need advice

Just open an IRA at Fidelity or Vanguard and roll it over to there. You said your new 401k will be at Fidelity. If you roll the old 401k into a Fidelity IRA then you'll be able to access the IRA and the new 401k form the same logon account.
by jimmyrules712
Mon Jul 31, 2017 10:17 pm
Forum: Personal Consumer Issues
Topic: How much should I fix up my house before selling?
Replies: 10
Views: 2013

How much should I fix up my house before selling?

I live in a small town in the Midwest and have a large 3,200 sq ft house built in 1960 that I will need to sell next year. I paid $190,000 for it when I bought it 5 years ago. I'm trying to decide what improvements I should make before selling, particularly related to the following: 1. In the corner...
by jimmyrules712
Mon Jul 31, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Is it stupid to consider a defined contribution cash balance pension as part of my bond allocation?
Replies: 18
Views: 2095

Is it stupid to consider a defined contribution cash balance pension as part of my bond allocation?

I have a 401k and a defined contribution cash balance pension both through my current employer. The 401k gets 5% of my salary plus a 100% match from my employer (so total of 10% of my salary each year). My employer deposits an amount roughly equal to 7% of my monthly salary into the cash balance pen...
by jimmyrules712
Thu Jul 13, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Options for ending lease early
Replies: 14
Views: 981

Re: Options for ending lease early

The lease states that it cannot be terminated early unless you find someone to take over the lease. Can they enforce that? Most likely yes. Some states impose a duty to mitigate on residential landlords. Without seeing your lease and knowing what state law applies, no one will be able to advise you...
by jimmyrules712
Thu Jul 13, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Options for ending lease early
Replies: 14
Views: 981

Options for ending lease early

My wife was enrolled to start a phd program this fall at an APA accredited state university in the U.S. Last month we signed a 12 month lease starting august 1st for an apartment at the city the school is in. She has not moved in yet. Move in is scheduled mid-august. Last week she was informed that ...
by jimmyrules712
Fri Jun 16, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Is my pension a Fixed asset?
Replies: 37
Views: 3054

Re: Is my pension a Fixed asset?

It should depend on what type of pension it is. I have a defined contribution "cash balance" pension that maintains a cash balance value over time and at retirement can be cashed out as a lump sum or annuity. If I leave the company before then I can roll the cash balance it into an IRA. I classify i...
by jimmyrules712
Fri Jun 09, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 108
Views: 25877

Re: Ally Bank - Is this a safe/best place to stash some cash?

Oops I just noticed that I'm a little late to this thread. Oh well I'll leave my below response anyway. My wife and I have used Ally as our primary bank for over 5 years now. It is nearly our only bank. We do have a checking out with a local credit union that we keep $100 in that is pretty much onl...
by jimmyrules712
Wed May 24, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 11
Views: 1232

Re: Auto Insurance Question

I disagree, your original question skipped over some of the crucial benefits of UM/UIM and was framed by your belief that the coverage is duplicative to what your health insurance provides. You disagree with my statement that your response didn't answer my primary question? I'm not sure why you thi...
by jimmyrules712
Wed May 24, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: When should my MIL take SS?
Replies: 5
Views: 685

When should my MIL take SS?

My MIL is currently 62. Her husband died 2 years ago and she has not remarried. She has virtually zero retirement savings and works part time (20-30 hours a week) at a school making around $10 an hour. Prior to her husband dying she worked very little, maybe 10 hours a week. She lives very frugally ...
by jimmyrules712
Mon May 15, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 11
Views: 1232

Re: Auto Insurance Question

I think a few of you have misunderstood my question. I know what UIM covers and generally what the benefits are. My question is what happens when there are medical claims as well as other claims (disability, lost wages, dismemberment, P&T, etc.) that combined exceed the limit of the policy? If the p...
by jimmyrules712
Mon May 15, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Question
Replies: 11
Views: 1232

Auto Insurance Question

I'm considering increasing my uninsured motor vehicle coverage but need to better understand how this all works first. Let's say I get hit by an uninsured driver and I have $25,000/$50,000 uninsured coverage and the driver inflicts serious medical damage causing long term pain/discomfort, requiring ...
by jimmyrules712
Thu May 11, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: Should I switch my home electric bill to "Time of Day" billing?
Replies: 22
Views: 2438

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

The hassle was about 15 minutes while the OG&E contractor came in my house and wired in the thermostat. I did not see a change for about 8 months out of the year. The electric bills for July, August, September went down from $240 to $150 month. It was worth it for me! :happy I really meant the hass...
by jimmyrules712
Wed May 10, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: Should I switch my home electric bill to "Time of Day" billing?
Replies: 22
Views: 2438

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

I am in Oklahoma. OG&E provided an A/C programmable thermostat that is connected to their time of day/surge billing. You have several choices for economy vs comfort. If we have a 105° heat wave and the surge pricing goes from .05 kWh to .49 cents per kWh hour you can tell it beforehand to wait unti...
by jimmyrules712
Wed May 10, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Should I switch my home electric bill to "Time of Day" billing?
Replies: 22
Views: 2438

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

Are you usually home from 2-7? Can you switch back if you dont like it? My wife worked for water and power for a large city around here. It all depends on if you are home. I have that option too, but now she works from home so during those peak times, air conditioning is a must. We have kept the fl...
by jimmyrules712
Wed May 10, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: Should I switch my home electric bill to "Time of Day" billing?
Replies: 22
Views: 2438

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

I live in Oklahoma. For the months of June-October, my electric company has given me the option of switching from flat rate billing to paying higher rates for power between 2pm and 7pm M-F and lower rates for the rest of the hours. They claim it will save me money. The peak rate would be 10.18 cents...
by jimmyrules712
Thu May 04, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)
Replies: 50
Views: 4018

Re: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)

Agreed an additional part-time job with a PhD program is impossible. Is it just fully funded for the first year? Are additional years of funding "guaranteed"? We recently went through a pscyhology PhD program at a similar state school/R1 research institution and only the first year's funding was "g...
by jimmyrules712
Thu May 04, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)
Replies: 50
Views: 4018

Re: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)

She has a masters in psychology right now and is a licensed marriage and family therapist. She makes about $40k a year right now and has few career options. This is a PhD in counseling psychology and will allow her to work as a licensed Psychology. Her take home pay should get a decent increase. Ah...