Search found 158 matches

by notmyhand
Tue May 16, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3143

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: 3143

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: 1728

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: 1728

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: 1728

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: 3690

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: 2471

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...
by notmyhand
Sat Jan 28, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Setting up so spouse can contribute to Solo 401k
Replies: 10
Views: 920

Re: Setting up so spouse can contribute to Solo 401k

I believe all income that goes into a solo 401k is subject to FICA. I have an s corp with a solo 401k and it is the case and I believe the same would apply if filing schedule c.
by notmyhand
Sun Jan 08, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: start of a disability - how to prepare financially
Replies: 7
Views: 1507

Re: start of a disability - how to prepare financially

1. A much larger emergency fund sounds like a very good idea. In such an up-and-down field as oil & gas, and with your health issues, I'd be pointed in the direction of 2 years of living expenses, including health insurance, and paying off (or selling) the house even sooner than planned. 2. Tak...
by notmyhand
Sun Jan 08, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: start of a disability - how to prepare financially
Replies: 7
Views: 1507

Re: start of a disability - how to prepare financially

Sorry to hear about your health problems. Nice you have a preexisting disability policy. You should carefully examine the policy, perhaps with the help of an attorney experienced in disability claims. You policy won't pay until you meet the terms of the policy. Perhaps you must be unable to work fu...
by notmyhand
Sun Jan 08, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: start of a disability - how to prepare financially
Replies: 7
Views: 1507

start of a disability - how to prepare financially

Hello everyone! It has been a pleasure learning from everyone and their posts. I am hoping I can lean on everyone's experience today and ask for some advice on a somber topic. I am in my mid 20s and about a year ago, I was diagnosed with a rare disease that result in lots of fragile bones, hearing l...
by notmyhand
Tue Nov 22, 2016 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 7463

Re: Double Check Figures: Affording $1M Home

Similar income, recently bought a 425k home, mortgage is 310k but on a 15 year note so similar mortgage cost. We had a year of expenses in a savings account. Had several months of medical problems and the mortgage is a stressor plus we heavily tapped into our savings. If I had to do it again, I woul...
by notmyhand
Thu Nov 10, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Move from HSA plan in December - how much can I contribute?
Replies: 2
Views: 309

Re: Move from HSA plan in December - how much can I contribute?

I have a self only HSA eligible insurance plan and have had one for three full years prior. I will be switching to a non HSA eligible insurance plan starting December 1 2016. How much can I contribute for 2016? Is my math of 3350 x(11/12) = 3070.83 correct? Thanks! Yes that is correct. Thank you!
by notmyhand
Thu Nov 10, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Move from HSA plan in December - how much can I contribute?
Replies: 2
Views: 309

Move from HSA plan in December - how much can I contribute?

I have a self only HSA eligible insurance plan and have had one for three full years prior. I will be switching to a non HSA eligible insurance plan starting December 1 2016. How much can I contribute for 2016? Is my math of 3350 x(11/12) = 3070.83 correct?

Thanks!
by notmyhand
Wed Sep 28, 2016 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Comcast incorrectly told us there was an internet line - now what? - solved
Replies: 47
Views: 3526

Re: Comcast incorrectly told us there was an internet line - now what?

To keep everyone updated- comcast called this morning and said they found an alternative route to our home that would cost us nothing and would take 90 days! Thank goodness!
by notmyhand
Tue Sep 27, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Comcast incorrectly told us there was an internet line - now what? - solved
Replies: 47
Views: 3526

Re: Comcast incorrectly told us there was an internet line - now what?

My fault for not being clear. There is a phone line here but no one willing to offer dsl through that line. Not sure I understand why. Thanks for all of the thoughts everyone, please keep it coming.
by notmyhand
Tue Sep 27, 2016 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Comcast incorrectly told us there was an internet line - now what? - solved
Replies: 47
Views: 3526

Re: Comcast incorrectly told us there was an internet line - now what?

No landline available. According to the townships, three providers have the township right of ways - Comcast, Atlantic Broadband, and a small fiber optic who said they will not cover our area. Atlantic BB does not have lines out to our neighborhood here either.
by notmyhand
Tue Sep 27, 2016 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Comcast incorrectly told us there was an internet line - now what? - solved
Replies: 47
Views: 3526

Comcast incorrectly told us there was an internet line - now what? - solved

State of Pennsylvania - In late August, we made the decision to move to Pittsburgh for my husband's new job. I work from home so it was important I have quick internet available with no data cap. We also have a small farm so needed some acreage. We came out and looked at several homes a few minutes ...
by notmyhand
Fri Jan 08, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: Google results bring up other people with your name - job search implications?
Replies: 23
Views: 2213

Re: Google results bring up other people with your name - job search implications?

Thank you everyone. I feel much better now and will definitely not add my photo to my resume. Thank you!
by notmyhand
Tue Jan 05, 2016 10:44 pm
Forum: Personal Consumer Issues
Topic: Google results bring up other people with your name - job search implications?
Replies: 23
Views: 2213

Google results bring up other people with your name - job search implications?

So I am currently reading "What Color is Your Parachute?" as I am beginning to job hunt. It suggests you google yourself to see what comes up. While I have an uncommon name, it looks like at least a few people share it (~3) and unfortunately, they have a very poor and public online presenc...
by notmyhand
Tue Nov 17, 2015 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage Closing Costs - Please Help!
Replies: 14
Views: 2061

Re: Home Mortgage Closing Costs - Please Help!

What state? Some states, such as Pennsylvania, also have transfer taxes that are factored into the closing costs.
by notmyhand
Thu Nov 12, 2015 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Can I make a legal last will/testament by myself?
Replies: 61
Views: 6869

Re: Can I make a legal last will/testament by myself?

Yes, just be very careful! I just read through a case at the courthouse in which the man left everything to his nephew but did not state "his heirs and assigns," and the nephew predeceased him by a decade (case was brought by the nephew's widow). The state argued that the man had a decade ...
by notmyhand
Tue Oct 27, 2015 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Premium for 2016
Replies: 70
Views: 7879

Re: Health Insurance Premium for 2016

38% increase for eastern PA for a BC/BS high deductible plan. Added a provider this year but everyone else is much more expensive.
by notmyhand
Wed Oct 14, 2015 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: 1 person s-corp and new health insurance forms
Replies: 10
Views: 1098

Re: 1 person s-corp and new health insurance forms

when you do your s-corp tax return the form should come up if you use tax software, or if your accountant is doing it they should be aware of the new form. it's pretty straight forward. I believe these forms are due by the end of January, before doing a tax return. I believe they will be new for ne...
by notmyhand
Tue Oct 13, 2015 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: 1 person s-corp and new health insurance forms
Replies: 10
Views: 1098

Re: 1 person s-corp and new health insurance forms

when you do your s-corp tax return the form should come up if you use tax software, or if your accountant is doing it they should be aware of the new form. it's pretty straight forward. I believe these forms are due by the end of January, before doing a tax return. I believe they will be new for ne...
by notmyhand
Tue Oct 13, 2015 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: 1 person s-corp and new health insurance forms
Replies: 10
Views: 1098

1 person s-corp and new health insurance forms

I am trying to stay up on what new changes there are to the one person s-corp health insurance rules. I am a one person business taxed as an s-corporation and run my personal health insurance through payroll so it shows up on my W2. What new 1094 or 1095 form or similar will I now have to fill out a...
by notmyhand
Mon Oct 12, 2015 9:32 pm
Forum: Personal Consumer Issues
Topic: Time-Saving gadgets/items
Replies: 9
Views: 1472

Re: Time-Saving gadgets/items

I generally am pretty good at finding products for these kinds of things... I'm obsessed with saving time (irrationally so)... What kind of things do you do throughout the day? What are your eating habits / hobbies / etc? Oo, I knew someone on here would have a knack for these items! I work full ti...
by notmyhand
Mon Oct 12, 2015 8:45 pm
Forum: Personal Consumer Issues
Topic: Time-Saving gadgets/items
Replies: 9
Views: 1472

Time-Saving gadgets/items

I have a birthday and Christmas coming up and my husband has asked me what I would like for gifts. In the spring I am taking 18 credits for my BA while working full time and a side job and therefore I am thinking of time saving gadgets or items to help me get through the semester. We have no kids bu...
by notmyhand
Sun Oct 11, 2015 12:11 pm
Forum: Investing - Theory, News & General
Topic: New investors: how did your first correction go?
Replies: 100
Views: 8851

Re: New investors: how did your first correction go?

I started mid 2013 and am 40% international. To maintain this allocation, I basically put all of the money this year into international/emerging markets since it kept dropping. Unfortunately, in September I had enough and put the monthly contribution into Total Stock Market instead. I am concerned t...
by notmyhand
Sun Sep 20, 2015 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Who should be the owner of my life insurance policy?
Replies: 11
Views: 1272

Re: Who should be the owner of my life insurance policy?

When the estate tax exempt amount was lower, there were many people poor enough to need life insurance but rich enough (with their life insurance) to pay estate tax. A common solution was to create an insurance trust to own the life insurance. If the trust was the initial purchaser of the insurance...
by notmyhand
Sat Sep 19, 2015 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6603

Re: Age 29 & married, how much life insurance?

Thanks for the help everyone! Rule of thumb is 10x gross salary per individual payable to other spouse. Wife: $1 million Me: $500 - $700K More detailed approach: Expenses to be covered by life insurance: 1) Sum of mortgage debt outstanding: $170K 2) Daycare expenses from age 0 to age 5.5 when schoo...
by notmyhand
Sat Sep 19, 2015 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Who should be the owner of my life insurance policy?
Replies: 11
Views: 1272

Re: Who should be the owner of my life insurance policy?

I would own my own policy, to keep things simple in the case of later major life changes (hey, divorce happens even to the happiest of couples). But I don't expect to have estate tax issues. If you own each other's policies anyway, though, when he dies your policy likely won't be cancelled, it will...
by notmyhand
Sat Sep 19, 2015 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Who should be the owner of my life insurance policy?
Replies: 11
Views: 1272

Re: Who should be the owner of my life insurance policy?

why would you allow someone else to own your life insurance in this situation? bad idea and no tax advantage to boot. From 360financialliteracy.org "Should you own your life insurance policy? Life insurance proceeds from a policy on your life are potentially includable in your taxable estate i...
by notmyhand
Sat Sep 19, 2015 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Who should be the owner of my life insurance policy?
Replies: 11
Views: 1272

Who should be the owner of my life insurance policy?

I am purchasing a 1.5 M 30 year term life insurance policy. I am listing my husband as the beneficiary. He is also taking out a similar policy. Should I be the owner of his policy and he the owner of mine? I thought I remember there was an important tax reason but my insurance broker says 99.9% of p...
by notmyhand
Wed Sep 16, 2015 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Experience with Assurity Term Life Insurance?
Replies: 1
Views: 260

Experience with Assurity Term Life Insurance?

I am going to be applying for term life insurance with Assurity this week. Based on a 30 year $1.5M policy, the rates were about a third lower for Assurity than anyone else. My broker, however, did mention a few times that they are much stricter in underwriting. I was curious on what everyone else's...
by notmyhand
Fri Aug 28, 2015 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant failed to file for S-corp, advice and recourse
Replies: 11
Views: 2158

Re: Accountant failed to file for S-corp, advice and recourse

I am confused. As far as I know, there is no s-corp 4th quarter return unless you are talking the payroll form 941. Not an expert but my business is a small s-corp. Can you tell us exactly what the IRS letter states? What form does it reference? I have been late with form 941 before due to a bank mi...
by notmyhand
Fri Aug 28, 2015 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Checking if my house has any Liens on it
Replies: 31
Views: 2421

Re: Checking if my house has any Liens on it

You will want to go to your county courthouse and do a search in the recorder's office as well as the court of common pleas. Keep in mind that if the owner lived in multiple places, than the lien may be recorded in a different courthouse and the laws vary on what liens or judgments can be applied to...
by notmyhand
Fri Aug 28, 2015 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to prevent lifestyle creep
Replies: 28
Views: 4310

Re: Trying to prevent lifestyle creep

I understand the concern. As our lives have become busier due to extra work responsibilities, I have had less and less desire to be strict with our budget. We went from a 50% savings rate last year to less than 30% this year and while I go into a month with the best of intentions and a budget, it qu...
by notmyhand
Thu Aug 20, 2015 11:12 am
Forum: Personal Consumer Issues
Topic: Long term disability insurance
Replies: 8
Views: 1116

Re: Long term disability insurance

Have you looked at MetLife? My husband is a year younger and our policy is only $4300 but we pay $900 annually for his. Same elimination period and also to age 65. I got quotes from MetLife, Guardian, and Principal. MetLife costs over $150 per month with all the riders I mentioned before, but only ...
by notmyhand
Thu Aug 20, 2015 7:25 am
Forum: Personal Consumer Issues
Topic: Long term disability insurance
Replies: 8
Views: 1116

Re: Long term disability insurance

Have you looked at MetLife? My husband is a year younger and our policy is only $4300 but we pay $900 annually for his. Same elimination period and also to age 65.
by notmyhand
Thu Aug 20, 2015 7:14 am
Forum: Personal Finance (Not Investing)
Topic: How Much and How Long For Term Life Insurance for 28 yo/spouse?
Replies: 23
Views: 1822

Re: How Much and How Long For Term Life Insurance for 28 yo/spouse?

I am currently shopping for insurance for my husband and I and I am going bigger than I originally expected even though we don't have kids yet. My thought process is that I do not want to have to make my spouse work for a few years if future kids are young and something happens to either of us. For ...
by notmyhand
Wed Aug 19, 2015 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Getting term life insurance with high blood pressure?
Replies: 6
Views: 937

Re: Getting term life insurance with high blood pressure?

Some companies will still give Preferred Plus rates even with recent BP diagnosis as long as it's under control with the medication. His height/weight and any other co-morbid health conditions will mostly determine the risk class. What's his height/weight? Other meds/health history? He is 35, 5'11&...
by notmyhand
Wed Aug 19, 2015 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Getting term life insurance with high blood pressure?
Replies: 6
Views: 937

Re: Getting term life insurance with high blood pressure?

Some companies will still give Preferred Plus rates even with recent BP diagnosis as long as it's under control with the medication. His height/weight and any other co-morbid health conditions will mostly determine the risk class. What's his height/weight? Other meds/health history? He is 35, 5'11&...
by notmyhand
Wed Aug 19, 2015 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Getting term life insurance with high blood pressure?
Replies: 6
Views: 937

Getting term life insurance with high blood pressure?

I am trying to get more term life insurance for my husband and I. Unfortunately, my husband recently got diagnosed with high blood pressure in his mid 30s. It is currently being handled well with medication and he has been on it for about six months. How do I go about getting life insurance for him?...
by notmyhand
Fri Jun 26, 2015 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account Custodian
Replies: 8
Views: 1331

Re: Health Savings Account Custodian

I use Bancorp and have never had any problems. No monthly fees if you keep over $2500 in the bank portion and trades cost only 5.99 and they offer Fidelity low ER funds among others. So I keep $2500 earning little interest and use the rest in their investment account. I do not withdraw money yet so ...
by notmyhand
Wed Jun 24, 2015 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to set up an automatic investment without being able to cancel easily
Replies: 11
Views: 1503

Re: How to set up an automatic investment without being able to cancel easily

Yaychemistry, that might be something I have to play with. We are self employed so it's a little more difficult but I already have an account at another bank due to a bonus offer so might have to use that. I honestly do not think we have a large problem, we save 42% of gross (trying to get to 50-60%...
by notmyhand
Tue Jun 23, 2015 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to set up an automatic investment without being able to cancel easily
Replies: 11
Views: 1503

Re: Any brokerages do an ACH pull?

Hm, that is what I have been doing. I guess I was thinking about it as a push since I was the one initiating it. The ability to hit the cancel button is what doesn't work for me. Anyone know if someone would be willing to set a pull up over the phone that I couldn't cancel without calling it in? My ...
by notmyhand
Tue Jun 23, 2015 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to set up an automatic investment without being able to cancel easily
Replies: 11
Views: 1503

How to set up an automatic investment without being able to cancel easily

After starting David Bach's "The Automatic Millionaire," I am trying to get more of our savings automated. Our extra mortgage payments get pulled by the bank automatically, our 401k gets taken out off the top, and we have no problem living without this money. However, the problem is with t...
by notmyhand
Sun May 10, 2015 9:59 am
Forum: Personal Finance (Not Investing)
Topic: IRS Notice regarding home sale in 2013
Replies: 20
Views: 3506

Re: IRS Notice regarding home sale in 2013

Did you ever use the home for a home office deduction or rent out parts of it? I'm trying to figure out why a 1099s was issued.
by notmyhand
Tue Mar 17, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Fringe benefit check for health care
Replies: 10
Views: 1901

Re: Fringe benefit check for health care

Something definitely went wrong. As I mentioned, it shouldn't have been subject to FICA taxes. Also, it doesn't get deducted under other. It just counts as wages on the 1120s. I'm not sure what's causing the w2 problem. Did you put money into a solo 401k? As usual, all of this is just my opinion as ...

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