Search found 172 matches

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: 53
Views: 1772

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: 53
Views: 1772

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: 53
Views: 1772

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: 53
Views: 1772

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: 53
Views: 1772

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: 391

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: 391

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: 391

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: 391

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: 1130

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: 1130

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: 1130

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: 258

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: 238

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: 3521

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: 3521

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: 1920

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: 1920

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: 1920

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: 3909

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: 2593

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: 987

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: 1589

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: 1589

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: 1589

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: 7736

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: 338

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: 338

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: 3673

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: 3673

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: 3673

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: 3673

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: 2238

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: 2238

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: 2115

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: 6943

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: 8054

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: 1152

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: 1152

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: 1152

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: 1503

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: 1503

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: 8955

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: 1372

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: 6746

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: 1372

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: 1372

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: 1372

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: 274

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: 2323

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...

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