Search found 201 matches

by notmyhand
Mon Sep 18, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help with benefits decision
Replies: 2
Views: 230

Re: Help with benefits decision

Is it really less expensive for single vs a family plan? Are you talking monthly payments only? If your expecting many health visits etc, the monthly payment might be higher but it might be less in the long run. I.e. for example if the max family OOP is 8k vs 5200 max OOP single, essentially if you...
by notmyhand
Mon Sep 18, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help with benefits decision
Replies: 2
Views: 230

Help with benefits decision

It's that time again - benefits. Help me decide between my two insurance options and whether I should take short term disability please? I use my health insurance a lot. In 2016, when I was on an obamacare plan, I still managed to rack up 17k in out of pocket charges due to having a terrible time na...
by notmyhand
Sun Sep 17, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: section 179 questions
Replies: 3
Views: 391

Re: section 179 questions

I am a small business owner, llc. A couple of questions, If I were to buy a 6000 plus pound suv, is the max deduction $25k for this year, and this year only? Also, can I deduct mileage on that vehicle, AND THE ONE I OWN PERSONALLY, when i use it for business purposes? Any advantages to leasing inst...
by notmyhand
Wed Sep 13, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 628
Views: 36993

Re: Equifax customer information leak

I got a response from my senator regarding the fee to freeze (I'm in Pennsylvania). They said Equifax had emailed them and said “In response to your question, once a consumer enrolls in our identity theft protection and credit file monitoring product via www.equifaxsecurity2017.com, they will have t...
by notmyhand
Mon Sep 11, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax fiasco - how can we protect ourselves from potential fraudulent tax returns filed on our behalf?
Replies: 31
Views: 3606

Re: Equifax fiasco - how can we protect ourselves from potential fraudulent tax returns filed on our behalf?

Aside from the standard I'D protection, arrange withholding/estimated taxes so you get a minimal refund. You could file early before you get all of your documents and then file an amended return, but I don't know if it would be worth the hassle. From what I understand the fraud is not sniping your ...
by notmyhand
Sun Sep 10, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Open a HELOC? With whom?
Replies: 13
Views: 858

Open a HELOC? With whom?

Before I pay to freeze my credit due to the Equifax hack, I think it's time to open a HELOC. I do not plan on using it but having it handy as another emergency fund in case it is needed. I do have 6 months of expenses in a savings account and another six months in IBonds. Can having a HELOC open be ...
by notmyhand
Wed Sep 06, 2017 2:12 pm
Forum: Personal Consumer Issues
Topic: Encompass Insurance?
Replies: 2
Views: 283

Encompass Insurance?

Does anyone have any reviews on Encompass Insurance? We just switched to them for home/auto/umbrella because they were less expensive and provided mine subsidence whereas our previous insurer did not. The moment we canceled our old policy they came out and said we needed a new roof. Our old insurer ...
by notmyhand
Tue Sep 05, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: IBonds - now or wait?
Replies: 13
Views: 1832

Re: IBonds - now or wait?

Perfect. So it sounds like I should wait until October 1st to see the CPI information and then I can make a better decision. Thank you!
by notmyhand
Tue Sep 05, 2017 7:54 am
Forum: Personal Consumer Issues
Topic: Credit card and now gmail hacked - what to do?
Replies: 8
Views: 1261

Credit card and now gmail hacked - what to do?

I woke up this morning to find a large unauthorized purchase on my credit card. Called Fidelity, they said the retailer had already flagged and reversed it but they will be sending new cards. Then I log into my email and have 350 new emails starting at 1150pm last night and going until about 5am thi...
by notmyhand
Tue Sep 05, 2017 7:30 am
Forum: Investing - Help with Personal Investments
Topic: IBonds - now or wait?
Replies: 13
Views: 1832

IBonds - now or wait?

I looked through the search results but I didn't see anything recent -

I have the cash now to buy our allocation of IBonds for the year. Do you think I should do it now or wait until the next reset which is in October, correct?

Thank you!
by notmyhand
Mon Sep 04, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Increase in pay plus new W2 income, what to do about taxes?
Replies: 3
Views: 471

Increase in pay plus new W2 income, what to do about taxes?

I'm counting my chickens before they hatch but DH was just offered a promotion and I also took a W2 job (I used to be self employed). It will make our tax situation for 2018 much different than the last decade and I'm not sure what to do about the taxes or investments. Currently he makes about 100k ...
by notmyhand
Sun Aug 27, 2017 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is Geico a bait and switcher?
Replies: 32
Views: 4258

Re: Is Geico a bait and switcher?

I got a home and auto quote through them that I liked. Confirmed all details, I paid for their car insurance, then they transferred me over to their home insurance agent who now told me it was three times the price they originally quoted because the original agent didn't write down our pool had a di...
by notmyhand
Thu Aug 17, 2017 8:00 pm
Forum: Personal Consumer Issues
Topic: popcorn ceiling, removal or drywall over it?
Replies: 41
Views: 2782

Re: popcorn ceiling, removal or drywall over it?

DH removed about 1600 square feet of it by himself over a weekend and we had cathedral ceilings. I, thankfully, was on a work trip that weekend as he says it was a miserable dirty job.
by notmyhand
Thu Aug 17, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: Need to replace a roof - fair price? cost saving measures?
Replies: 2
Views: 450

Need to replace a roof - fair price? cost saving measures?

DH and I are not handy. Our insurance company did an inspection and is asking for a new roof or they will likely drop us. We have had two estimates so far (expecting the third and fourth any day now) and the price is making my stomach hurt. We have a ~3000 sq ft ranch with an A frame attached. Measu...
by notmyhand
Tue Aug 15, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Audit 2015 1099 MISC
Replies: 11
Views: 1493

Re: IRS Audit 2015 1099 MISC

You can include sales tax only if you itemize and don't deduct state income tax.
by notmyhand
Sat Aug 05, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Want to finish mortgage in five years, how much to pay?
Replies: 15
Views: 1750

Re: Want to finish mortgage in five years, how much to pay?

So your contractual payment would have been $2327.42/mo (this is what Excel's PMT gives me), and you're paying an extra $1500/mo in principal? That would put your final (partial) payment in August 2024. If you want to make 5 lump sum payments and have the final one in October 2021 pay off the balan...
by notmyhand
Sat Aug 05, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Want to finish mortgage in five years, how much to pay?
Replies: 15
Views: 1750

Re: Want to finish mortgage in five years, how much to pay?

You haven't provided enough information to answer your question. And it's a somewhat tedious calculation because it needs to be done as a cash flow and not a time value of money problem due to the irregular payments. I would pick up a cheap financial calculator and learn how to input a cash flow, t...
by notmyhand
Sat Aug 05, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Want to finish mortgage in five years, how much to pay?
Replies: 15
Views: 1750

Re: Want to finish mortgage in five years, how much to pay?

I get a difference of 7 months using the given calculator and the numbers you have given. I got 69 months with $10k and 62 months with $15k lump sums. If the plan is to pay it off ASAP, the answer to the question is simply... as much as possible. :happy Trying to plan how much I have to make in my ...
by notmyhand
Sat Aug 05, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Want to finish mortgage in five years, how much to pay?
Replies: 15
Views: 1750

Re: Want to finish mortgage in five years, how much to pay?

The Mortgage Professor's calculators will work that out for you: https://www.mtgprofessor.com/CalculatorArticles/Mortgage%20Payoff%20Calculators.html I've played around with it but I must be doing something wrong as when I increased the annual lump sum from 10k to 15k, it just brought the expected ...
by notmyhand
Sat Aug 05, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Want to finish mortgage in five years, how much to pay?
Replies: 15
Views: 1750

Want to finish mortgage in five years, how much to pay?

I would love to be done with our mortgage five years from now on but at our current rate of payment we will be done in seven more years. I cannot increase my monthly payment anymore as our budget does not allow it but I can allocate additional money annually from a bonus. How much would I have to pu...
by notmyhand
Wed Jul 26, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7029

Re: Post Nuptial agreement guaranteeing alimony?

Some of the advice on this thread is terrible. To start with, whether the agreement is enforceable and on what terms is going to vary by state. I don't see your state in this post (maybe people are gleaning this information from other posts you have but I'm too lazy to do this) so I would disregard...
by notmyhand
Wed Jul 26, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7029

Re: Post Nuptial agreement guaranteeing alimony?

To calm everyone's worries - declining another job brought this thought up. The offer was at a competing company for a competing position and we felt it was in our best interest for me to decline after my husband's company made it clear that they disapproved of the conflict. His next promotion coul...
by notmyhand
Wed Jul 26, 2017 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7029

Re: Post Nuptial agreement guaranteeing alimony?

To calm everyone's worries - declining another job brought this thought up. The offer was at a competing company for a competing position and we felt it was in our best interest for me to decline after my husband's company made it clear that they disapproved of the conflict. His next promotion could...
by notmyhand
Tue Jul 25, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7029

Re: Post Nuptial agreement guaranteeing alimony?

So let's say we sign a postnup giving me 75% of the assets at the time of the divorce. Would that hold up? Any ideas on best way to determine a percentage? You really shouldn't rely upon anonymous members of an internet forum for something that *might* (hopefully not!) have a very significant effec...
by notmyhand
Tue Jul 25, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7029

Re: Post Nuptial agreement guaranteeing alimony?

So let's say we sign a postnup giving me 75% of the assets at the time of the divorce. Would that hold up? Any ideas on best way to determine a percentage?
by notmyhand
Tue Jul 25, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7029

Re: Post Nuptial agreement guaranteeing alimony?

Assuming he would, would such an agreement be upheld in divorce proceedings in the future or would a judge likely toss it?
by notmyhand
Tue Jul 25, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7029

Re: Post Nuptial agreement guaranteeing alimony?

He could also die after your divorce and then you'll get nothing from his enhanced earnings. IMO your best bet is to have a post-nuptial agreement that entitles you to more of the marital assets to compensate for your reduced earnings throughout the marriage and after. I am not a lawyer though and ...
by notmyhand
Tue Jul 25, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7029

Post Nuptial agreement guaranteeing alimony?

With consultation fees running 250-1000, I figured I should ask whether this was feasible first, before hiring an attorney to draft this. My spouse and I work in the same industry and it is impeding my job prospects as we cannot work in competing positions/companies. I have turned down numerous prop...
by notmyhand
Sun Jul 23, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: How much electricity are you using and how expensive it is?
Replies: 93
Views: 4560

Re: How much electricity are you using and how expensive it is?

I don't think my data is going to help you. Focus on what you can control. The audit is a great place to start. That said, my 4400 sq ft house costs about $300 a month in the summer (A/C mostly) and $40 a month in the winter (heating is gas.) May is always a really great month utility wise- no long...
by notmyhand
Sun Jul 23, 2017 9:36 am
Forum: Personal Consumer Issues
Topic: How much electricity are you using and how expensive it is?
Replies: 93
Views: 4560

Re: How much electricity are you using and how expensive it is?

I am currently paying about $400 a month for electricity in Pennsylvania. No natural gas is available at my location so heating/cooling is included. You did not mention which part of PA. If you’re covered by PECO, they offer a discounted rate for energy audits ($99), https://www.peco.com/WaysToSave...
by notmyhand
Sat Jul 22, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: How much electricity are you using and how expensive it is?
Replies: 93
Views: 4560

Re: How much electricity are you using and how expensive it is?

The energy audit is a great idea. But you could start just by looking at the usage by month. How does February compare to May or October? Similarly how does July compare to May and October? I am managing an all electric ranch house in a similar climate, though with less square feet. The bill for ju...
by notmyhand
Sat Jul 22, 2017 4:33 pm
Forum: Personal Consumer Issues
Topic: How much electricity are you using and how expensive it is?
Replies: 93
Views: 4560

Re: How much electricity are you using and how expensive it is?

Like me you live in the deregulated retail energy supply market of PA. Have you tried shopping for a lower cost energy generation supplier? My current generation and transmission charge is .0675 kWh (until the end of my contract term). My (regulated) distribution charge with my local electric utilt...
by notmyhand
Sat Jul 22, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: How much electricity are you using and how expensive it is?
Replies: 93
Views: 4560

How much electricity are you using and how expensive it is?

I am currently paying about $400 a month for electricity in Pennsylvania. No natural gas is available at my location so heating/cooling is included. I am currently using about 3300 kWh per month which is three times the national average. Average price is $0.106 per kwh. Our furnace/ac system is bran...
by notmyhand
Sat Jul 22, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Going from 1099 to W2 and having trouble with cash flow
Replies: 9
Views: 511

Re: Going from 1099 to W2 and having trouble with cash flow

Using an entire year at new job for simplicity 100k her income 75k his income FICA taxable income = 175k 18k his 401k 18k her 401k Federal/state/local taxable income = 139k TAXES Federal tax (MFJ, std deduction) = $20k FICA (7.65%) = $13k State/local tax (4.1%) = $6k Total = $39k SUMMARY 175k base ...
by notmyhand
Sat Jul 22, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Going from 1099 to W2 and having trouble with cash flow
Replies: 9
Views: 511

Re: Going from 1099 to W2 and having trouble with cash flow

No, I'm setting it to semi-monthly as we both get paid semi-monthly. I think a large difference is whether I take it out using married or married at the single rate. Switching to married brings my take home from 2825.84 to 3076.79.
by notmyhand
Sat Jul 22, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Going from 1099 to W2 and having trouble with cash flow
Replies: 9
Views: 511

Re: Going from 1099 to W2 and having trouble with cash flow

His take-home at 776 on over $6000 gross is way too low, even with the hefty 401k. Max 401k (18,000) in 5.5 months is twice what you show. Maybe it's 2 x 776 per month? Paycheck calculator is showing semi monthly: 3125 gross 579.74 federal withholding 193.75 social security 45.31 medicare 95.94 sta...
by notmyhand
Sat Jul 22, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Going from 1099 to W2 and having trouble with cash flow
Replies: 9
Views: 511

Going from 1099 to W2 and having trouble with cash flow

I am about to accept a new job but going from 1099 to W2 am running out the budget and having trouble making the numbers work. Suggestions on budget and different ways to make this work are welcome. DH Income - 75k a year, W2, possible bonus of 10-30k at year end My current income - base 94k a year,...
by notmyhand
Tue Jul 04, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock won't let 401k be maxed?
Replies: 7
Views: 1203

Re: John Hancock won't let 401k be maxed?

Thanks everyone! John Hancock said their system can only handle $1500 a month or that equivalent as a %. That's a load of something. Last year was my first year on a John Hancock plan (unfortunately... I hate the plan), and I was not eligible to start until March of the year. The lowest amount I co...
by notmyhand
Tue Jul 04, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock won't let 401k be maxed?
Replies: 7
Views: 1203

Re: John Hancock won't let 401k be maxed?

Thanks everyone! John Hancock said their system can only handle $1500 a month or that equivalent as a %. The plan documents allow up to 90% of pay. He went back and forth between JH and his HR rep and finally the HR rep fixed it and just changed their payroll software to let him max it out by the en...
by notmyhand
Wed Jun 28, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock won't let 401k be maxed?
Replies: 7
Views: 1203

John Hancock won't let 401k be maxed?

My husband had to wait until July 1st to begin contributing to his company's 401k as he was not eligible at the early January sign up. The 401k is set up through John Hancock. Their online portal did not allow him to put in more than 1500 a month saying more than that is above the annual limit when ...
by notmyhand
Tue Jun 06, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: keep disability insurance for a spouse not working?
Replies: 2
Views: 304

Re: keep disability insurance for a spouse not working?

My wife and I are both physicians - we got disability insurance policies while we were residents. The policies are occupation specific, and I think that we got a fairly good deal at the time. This was about 6 years. Now we have 2 kids and I work full time while she is taking time off (don't know fo...
by notmyhand
Mon Jun 05, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k - need help with funds and path
Replies: 2
Views: 299

New 401k - need help with funds and path

Emergency funds: 4.5 months Debt: Tractor (22k at 0% for 6 years), Mortgage (292k at 3.75%, 14 years of a 15 year left, does not qualify for a conventional loan) Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, 3.07% State, 1.35% Local State of Residence: PA Age: 26, 35 Desired Asset...
by notmyhand
Tue May 16, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3843

Re: How to stay on a budget?

Thanks for the advice everyone! We are currently saving 25%-30% roughly but I am trying to cut back on my work hours without hurting our savings so we need to do a better job of intentionally spending and spending less. We do have a four month emergency fund that I am trying to get to a six month bu...
by notmyhand
Mon May 15, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3843

How to stay on a budget?

We are trying to cut down on expenses and increase savings.. However, we have never had any luck sticking to a budget since we generally have enough left over to max our tax deferred accounts and some leftover. We have tried two different ways: 1. Make a budget. We stick to it for a week or two, the...
by notmyhand
Thu May 11, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Job choice
Replies: 18
Views: 2094

Re: Job choice

I'll post more soon but just a quick note on the budget. Out of the 11k, 5k is the mortgage including PITI on a 7 year payoff, 2300 is required, we pay a little over 1500 additional and 1000 is taxes and insurance. notmyhand, Do you have an individual 401K? What is your marginal tax rate? Do you pa...
by notmyhand
Wed May 10, 2017 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Job choice
Replies: 18
Views: 2094

Re: Job choice

I'll post more soon but just a quick note on the budget. Out of the 11k, 5k is the mortgage including PITI on a 7 year payoff, 2300 is required, we pay a little over 1500 additional and 1000 is taxes and insurance. 1-2k a month is medical as I have a genetic disease that requires a lot of monitoring...
by notmyhand
Tue May 09, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Job choice
Replies: 18
Views: 2094

Job choice

I am a contractor that has worked for the same client for multiple years. It is in a tumultuous industry. I feel underpaid as they are bringing in people at the same rate for work that entails much less responsibility. They have kept me happy by giving me more work which means more billable hours, b...
by notmyhand
Wed Feb 15, 2017 5:08 am
Forum: Personal Finance (Not Investing)
Topic: Kids in Apartment Sharing Bedroom - Workable?
Replies: 55
Views: 4085

Re: Kids in Apartment Sharing Bedroom - Workable?

They will be fine sharing. I shared a room with my opposite gender sibling until 16. Actually, originally we lived in Eastern Europe right after the wall fell. Three whole families lived in a one bedroom, living room, kitchen, bathroom tiny apartment. Each family had their own mattress and the young...
by notmyhand
Mon Feb 06, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is it better to get a mortgage from a local/small lender?
Replies: 27
Views: 2675

Re: Is it better to get a mortgage from a local/small lender?

I went with a small bank and so glad I did. Two weeks before closing the appraiser got a spider bite and took a leave. The day before closing he suddenly reappeared and sent in the appraisal using a comp from a decade ago which does not conform. We had already signed the paperwork to sell our home t...