Search found 121 matches

by s0me0nesmind1
Tue Jul 18, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Questions before I buy
Replies: 8
Views: 575

Re: Term Life Insurance Questions before I buy

I would agree with the points Rupert outlined re amount of coverage. Buy coverage for both of you. You'll appreciate that you bought a 30 year plan, and as noted, you can always drop if you really don't need. The employer offered life is probably age banded, and rates likely will go up every five y...
by s0me0nesmind1
Tue Jul 18, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Questions before I buy
Replies: 8
Views: 575

Term Life Insurance Questions before I buy

1) How long and how much coverage should I get from my term life policy? This is going to be my first major hurdle is understanding what I should go with. Below is a breakdown of our assets and status: Married Couple, ~33 years old and 29 years old. Overall decent health, though I'm sure a doctor w...
by s0me0nesmind1
Wed Jun 07, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Headed to Montreal tomorrow! Need advice!
Replies: 11
Views: 787

Re: Headed to Montreal tomorrow! Need advice!

As someone that went to Montreal for vacation for about 1.5 weeks, I can say (hands down) the best way to travel is with Uber. No question. Both from a time and monetary perspective. I found that the public trams, buses, etc... were all borderline same price (sometimes slightly cheaper) than doing ...
by s0me0nesmind1
Wed Jun 07, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 7341

Re: Dave Ramsey Financial Peace University ??? worth it?

If you want to be educated, do your own research with financial minds by reading on Bogle - or read other documentation/books - Others here can recommend some. If you want to be uninformed, not increase your overall knowledge, but simply want to have other people tell you what to do (and hope that y...
by s0me0nesmind1
Wed Jun 07, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: Headed to Montreal tomorrow! Need advice!
Replies: 11
Views: 787

Re: Headed to Montreal tomorrow! Need advice!

As someone that went to Montreal for vacation for about 1.5 weeks, I can say (hands down) the best way to travel is with Uber. No question. Both from a time and monetary perspective. I found that the public trams, buses, etc... were all borderline same price (sometimes slightly cheaper) than doing i...
by s0me0nesmind1
Fri Jun 02, 2017 4:05 pm
Forum: Investing - Theory, News & General
Topic: Murphy's Law Of Retirement
Replies: 56
Views: 8130

Re: Murphy's Law Of Retirement

Seems like a simple solution to me: Don't put all your eggs in one basket Begin to taper off stocks and putting more into bonds slowly along the way (prior to retirement/crash as you grow older) Have some cash on-hand and try to not take much from investment/retirement accounts by using other means ...
by s0me0nesmind1
Thu Jun 01, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: Lojack?
Replies: 13
Views: 919

Re: Lojack?

Best way to prevent your car from being jacked? Drive a clunker. Problem solved.

When there is a parking lot of 300 cars and yours is the least expensive, which do you think the stupid criminal is going to go with?
by s0me0nesmind1
Wed May 31, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with first savings
Replies: 9
Views: 844

Re: What to do with first savings

There isn't much to go by in your post - such as what investments you are making and in what accounts... In addition, we don't know your situation such as debt levels, your yearly expected income, etc... Priorities in Life: 1) Pay off any debt that is not within reason asap (Any > 4% APR, with the e...
by s0me0nesmind1
Wed May 31, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Relative just bought a house in a hot market. Should I change my investment strategy?
Replies: 53
Views: 5034

Re: Relative just bought a house in a hot market. Should I change my investment strategy?

At a recent family gathering, a relative mentioned that they bought a house a couple months ago, and it's already gone up in value 20% according to Zillow. And I also know another relative whose house has tripled in value in five years. I've always invested in the stock market rather than housing, ...
by s0me0nesmind1
Wed May 31, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9839

Re: Play Money for Spouse....

I like to see anything that goes in or goes out of my finances. The request that it be cash via ATM withdraw is a red flag from me. I don't critique every purchase my wife makes - I just want to see it so I know it's a valid purchase and that it is a valid amount. I don't hold anything against her ...
by s0me0nesmind1
Wed May 31, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Stick out miserable job for health insurance in retirement?
Replies: 57
Views: 7897

Re: Stick out miserable job for health insurance in retirement?

3 Years for lifetime Medical coverage? I would stick it out. Well, actually, when does it kick in? Another factor to play into this is when do you plan to retire? The sooner you plan to retire, the better this benefit becomes. Because if you're working till 65 it obviously doesn't matter much since ...
by s0me0nesmind1
Tue May 30, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9839

Re: Play Money for Spouse....

I like to see anything that goes in or goes out of my finances. The request that it be cash via ATM withdraw is a red flag from me. I don't critique every purchase my wife makes - I just want to see it so I know it's a valid purchase and that it is a valid amount. I don't hold anything against her ...
by s0me0nesmind1
Tue May 30, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 13935

Re: i am my own "guy," but not sure I should advertise that

The majority of people have no real interest in personal finance or investing. I don't see the harm in mentioning bogleheads, they are unlikely to ever visit. ding ding.... Just like plenty of people don't see the monetary benefit of signing up for and utilizing credit cards for rewards and sign-up...
by s0me0nesmind1
Tue May 30, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 80
Views: 8666

Re: Should I cancel my whole life policy?

Disclosure: I like several aspects of whole life policies sold by mutual life companies. I don't work for one, I don't sell insurance, and nobody I know or am related to is in the insurance business. However, at age 50 I am very glad my father bought a policy for me when I turned 20 and glad I purc...
by s0me0nesmind1
Tue May 30, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9839

Re: Play Money for Spouse....

I like to see anything that goes in or goes out of my finances. The request that it be cash via ATM withdraw is a red flag from me. I don't critique every purchase my wife makes - I just want to see it so I know it's a valid purchase and that it is a valid amount. I don't hold anything against her i...
by s0me0nesmind1
Tue May 30, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3305

Re: Umbrella Insurance options

When I decided to get umbrella insurance I went to the two companies I dealt with, one for home and the other for auto. I got quotes from both and picked the one who was a little cheaper. You'll probably want to, maybe have to, use the same company for your auto and/or home insurance. At least you'...
by s0me0nesmind1
Tue May 30, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care Flex Spending - Use to Pay MIL?
Replies: 12
Views: 1349

Re: Dependent Care Flex Spending - Use to Pay MIL?

Thank you everyone for the kind advice and links. Sounds like my best option is to pay her out in full through the Dep Care FSA by reporting her SSN and simply advise her to report it on Line 21 on her 1040. I like simplicity :D https://www.irs.gov/publications/p926/ar02.html#en_US_2017_publink10008...
by s0me0nesmind1
Mon May 29, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care Flex Spending - Use to Pay MIL?
Replies: 12
Views: 1349

Re: Dependent Care Flex Spending - Use to Pay MIL?

The tax rules are more relaxed when paying a grandparent. You don't have to file all the employment forms. You just pay her, and she claims it as miscellaneous income. You can also be reimbursed by your fsa for child care costs you pay her. For my FSA all I have to do is print out their form, fill ...
by s0me0nesmind1
Mon May 29, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care Flex Spending - Use to Pay MIL?
Replies: 12
Views: 1349

Re: Dependent Care Flex Spending - Use to Pay MIL?

shameless bump - Could definitely still use some help here for anyone with experience in regards to using dependent care Flex Spending in combination with a personal caregiver. Any help is definitely appreciated :oops:
by s0me0nesmind1
Wed May 24, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate tax benefit of owning a home
Replies: 34
Views: 2296

Re: How to calculate tax benefit of owning a home

Depends on a number of a factors. 1) If you're itemizing you will also get a deduction on state income taxes or state sales taxes. That's a decent chunk you can add on. 2) It doesn't just depend on if you are HCOL, but also what state you live. If you live in a state with high property taxes, obviou...
by s0me0nesmind1
Mon May 22, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care Flex Spending - Use to Pay MIL?
Replies: 12
Views: 1349

Re: Dependent Care Flex Spending - Use to Pay MIL?

The FSA vendor will normally require the SSN or EIN of the provider. As long as you provide that they would pay claim. The assumption then is that the IRS can follow to make sure income is reported on the provider side. Someone else can provide info regarding employee/self employed/contractor impli...
by s0me0nesmind1
Mon May 22, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Early Delivery of Child - How best to adjust Insurance/Benefits?
Replies: 8
Views: 1270

Re: Unexpected Early Delivery of Child - How best to adjust Insurance/Benefits?

Calculating how much life insurance you need requires some time. You have to project your expected consumption over your working lifetime, deduct your current assets and insure to close the gap. You do the same for your wife. Take into account the full costs of raising your current child and consid...
by s0me0nesmind1
Mon May 22, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected Early Delivery of Child - How best to adjust Insurance/Benefits?
Replies: 8
Views: 1270

Re: Unexpected Early Delivery of Child - How best to adjust Insurance/Benefits?

Congratulations on becoming a father! - Can the insurance through your employer for your spouse be increased beyond 25,000? That's awful low. I'd shoot for at least 250,000. - Get at least a thirty year level premium term insurance for both yourself and your wife outside of your employer. Do it soo...
by s0me0nesmind1
Mon May 22, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected Early Delivery of Child - How best to adjust Insurance/Benefits?
Replies: 8
Views: 1270

Re: Unexpected Early Delivery of Child - How best to adjust Insurance/Benefits?

Sorry for taking so long to reply, I've been super busy lately. First, welcome to the new little one. I hope Mom is doing well, too. A general question about the life insurance especially, but this is worth considering for any longer-term benefits: Will you be able to continue if you separate from t...
by s0me0nesmind1
Tue May 16, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 49
Views: 4995

Re: Tipping for restaurants where you order at the counter

At number 1 style, I never tip. The others I sometimes do even though I'm not sure it's justified. I do always tip when I pick up take out from a restaurant that has a dedicated take out counter like PF Changs. That's because students have told me that the servers for the take out counter are regul...
by s0me0nesmind1
Fri May 12, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Early Delivery of Child - How best to adjust Insurance/Benefits?
Replies: 8
Views: 1270

Unexpected Early Delivery of Child - How best to adjust Insurance/Benefits?

Hello folks, I recently had an early landing of our dependent. I was really hoping to get some more research time in, but alas, that isn't an option. That said, the baby will be in the NICU from anywhere between 2-3 months. I'm thanking myself I went with the HDHP, because that was the easiest Max O...
by s0me0nesmind1
Fri May 12, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Homeowners Ins went up 11%
Replies: 25
Views: 2806

Re: Geico Homeowners Ins went up 11%

I "switched" all my insurance to GEICO four years ago. In my homeowners insurance, I have not experienced big rate increases. I just paid my third renewal; it went up by $1/year. And each of my other two renewals went up only by @ 1%. Umbrella has been exactly the same for four years. But...
by s0me0nesmind1
Fri May 12, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care Flex Spending - Use to Pay MIL?
Replies: 12
Views: 1349

Dependent Care Flex Spending - Use to Pay MIL?

Hello folks, Recently new parents, so as I was mapping out our time off from work - vacation hours, etc... I predicted that I would need about 2 months for the remainder of the year in daycare. So I did a back of the envelope calculation that it would cost a little over ~$2,000 for November/December...
by s0me0nesmind1
Mon May 08, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 19317

Re: Why save so much for when you're old?

There is a very valid point in this overall question. Often times I find myself sacrificing fun on trips because I find a particular outing to have a ridiculous cost for what it is. It's also why I never book resort style vacations and opt to get a standard hotel. At the end of the day though, I fee...
by s0me0nesmind1
Tue May 02, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: HOA vs No-HOA
Replies: 53
Views: 3652

Re: HOA vs No-HOA

The problem with HOA's typically are: 1) Expenses. Much like government expenses they only seem to inflate, get bloated, and continue to expand for the same amount of work and results. 2) They don't get their priorities straight. I've received a ton of stupid flyers in the mail complaining about &qu...
by s0me0nesmind1
Thu Apr 27, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: "I don't want to wait till I'm 59.5
Replies: 28
Views: 4538

Re: "I don't want to wait till I'm 59.5

Or whatever the applicable age is that I can access my various retirement accounts without penalty." This is one argument I have heard against maxing retirement accounts. Can someone please point me to some literature that I am sure will convince me that maxing retirement accounts first, etc. ...
by s0me0nesmind1
Wed Apr 26, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Downgrading Comcast (with no other competition)
Replies: 36
Views: 3192

Re: Downgrading Comcast (with no other competition)

I used to call every 6 to 12 months to get locked into another contract with Comcast. Recently, their offers started to get worse and worse. Then I started looking around and saw they had more reasonable offers for "new customers only", so they weren't mentioning these to me on the phone. ...
by s0me0nesmind1
Wed Apr 26, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pregnant - HSA vs PPO decision
Replies: 11
Views: 1150

Re: Pregnant - HSA vs PPO decision

The way I see it: HDHP - Good for the extremes, either extremely not-needed (not prescribed expensive medications that need to be taken every day), along with good and healthy and not needing to visit specialists much or often or having lots of medication, needing to get in-patient procedures, etc.....
by s0me0nesmind1
Tue Apr 18, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Taxable Accounts/Passive Income
Replies: 10
Views: 1024

Re: Portfolio Advice - Taxable Accounts/Passive Income

Sorry but I just have to ask... if your "After Tax monthly income" is $9951 ($119,412 Annually) how are you able to be within the 15% tax bracket? Especially since that is after tax income....
by s0me0nesmind1
Tue Apr 18, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 26
Views: 1775

Re: Medical Complaint + Switching to HDHP for Child Birth Costs?

Update to this story (And a Request for more advice on best way to proceed): I recently received another statement from the IVF Laboratory with the same bill as previous. It's funny, they aren't trying too hard to hide the fact that they are affiliated companies, because they sent the bill for the l...
by s0me0nesmind1
Thu Apr 06, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Question on My 401K's Lack of Dividends
Replies: 7
Views: 512

Re: Question on My 401K's Lack of Dividends

You have it right. If you look at a fund in one of your other accounts that paid a dividend, did the total value of your assets actually go up when the dividend was paid? If you had an equity fund probably not. Example: $100 in equity fund that paid $2 dividend. Old shares worth now $98 plus $2 wor...
by s0me0nesmind1
Thu Apr 06, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Question on My 401K's Lack of Dividends
Replies: 7
Views: 512

Question on My 401K's Lack of Dividends

Hello Folks - I have a quick question - I noticed at the end of each years I would usually get entries in my retirement accounts, obviously Dividends/Interest being the likely case. I saw it across my IRA's, and my Spouse's 401k. But for some reason, my employer 401k had nothing. So I tried to do so...
by s0me0nesmind1
Wed Apr 05, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 9656

Re: Buying expensive car, how to keep payments low?

"I have enough money to buy everything, because I don't buy everything"
by s0me0nesmind1
Fri Mar 24, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute to HSA after Dropping HDHP Coverage?
Replies: 4
Views: 497

Re: Contribute to HSA after Dropping HDHP Coverage?

A quick google is telling me yes - but this is nothing official from the IRS.

https://ttlc.intuit.com/questions/35874 ... 7-april-15
by s0me0nesmind1
Fri Mar 24, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize increases for apartment rent?
Replies: 18
Views: 1615

Re: How to minimize increases for apartment rent?

Hello all. Today I spoke to my landlord about changes in my monthly rent should I decide to renew my lease in July. The higher-end estimate she gave me was an increase of $45 per month. I've been living in this apartment for the last 5.5 years and prior increases have been about $20 per month. For ...
by s0me0nesmind1
Thu Mar 23, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 80
Views: 7189

Re: How did graduating out of daycare impact your finances?

If you have to buy it after-school care isn't cheap either. My thoughts as well. A lot of kids get out ~3:00 - 5:00... that will never line up with my working life. Though it may work for my DW some weeks but not all weeks. Either way I think I'm screwed and will have to do after school care. I lon...
by s0me0nesmind1
Wed Mar 22, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Maxed out 401ks and Roth IRA. Now what?
Replies: 25
Views: 1818

Re: Maxed out 401ks and Roth IRA. Now what?

Since the mortgage is at 4.125%, I would take that $150k, subtract $25k (or so) to leave behind as your Emergency Fund, and then send $125k to your mortgage. That or perhaps refinance to a low-rate 15-Year if you want to hang on to something. Given the current market situation, a guaranteed return ...
by s0me0nesmind1
Mon Mar 20, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Collection Agency - Are you kidding?
Replies: 33
Views: 4771

Re: Collection Agency - Are you kidding?

This happened to me once with an unpaid bill. The collection agency served papers and took me to court. I could not find my receipt that I paid and to keep them from slapping a lien of my home I paid them. It felt like extortion..... my only advice is find the receipt . I wish you better luck than ...
by s0me0nesmind1
Thu Mar 16, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 16819

Re: How Much in Your Emergency Fund And Is It Used?

Personally have ~110k in liquid cash assets scattered around different accounts. I am at a point where I'm starting to not like it - especially since interest rates have started going up but banks are not reflecting it in their Savings/CD interest rates. This is pretty much a first for me, since it'...
by s0me0nesmind1
Mon Feb 27, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our mortgage?
Replies: 44
Views: 2514

Re: Should we pay off our mortgage?

Paying off your home at this point will be like buying a bond paying a guaranteed 2.875% interest and maturing in 11 years. There are many here who would jump on that like a pack of dogs on a three-legged cat. ... the 10-year is at 2.35% (it was at 2.6% a few weeks ago). If you can get a higher ris...
by s0me0nesmind1
Wed Feb 22, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 8150

Re: Need advice on girlfriend debt/finances

Thanks for all of the replies. So far I have only contributed about $300 (just in the last week) she sold an old router of mine and I gifted her an ebates check that went right towards her CC debt. I have no problem with what I did and do not regret it. Most, if not all of us, agree that more hours...
by s0me0nesmind1
Wed Feb 22, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes - What Should My Next Monetary Goals/Objectives Be?
Replies: 17
Views: 2008

Re: Life Changes - What Should My Next Monetary Goals/Objectives Be?

I would spend some time with Form 1040 and the instructions. You can learn a lot about the options for legally avoiding income tax by going through them. Are there specific tax breaks you have in mind? BTW, having a kid is certainly one of them, so you're covered there. Unless DW leaves work or mov...
by s0me0nesmind1
Wed Feb 22, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes - What Should My Next Monetary Goals/Objectives Be?
Replies: 17
Views: 2008

Re: Life Changes - What Should My Next Monetary Goals/Objectives Be?

I thought it was fairly common to have life insurance through your employer? They pay based on my salary amount, and for chipping in an extra $1 or $2 per month it will double/triple/etc... the coverage amount. Though I've been told that term-life non-group policies are overall the better option si...
by s0me0nesmind1
Wed Feb 22, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes - What Should My Next Monetary Goals/Objectives Be?
Replies: 17
Views: 2008

Re: Life Changes - What Should My Next Monetary Goals/Objectives Be?

Given your plan to move and your low rate I wouldn't be so quick to pay off the mortgage, better to direct those funds towards investments if you ask me. I also wouldn't rush into a 529 unless you'll get a state tax benefit for it. And for umbrella policy, if you decide you need it don't do it thro...
by s0me0nesmind1
Wed Feb 22, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes - What Should My Next Monetary Goals/Objectives Be?
Replies: 17
Views: 2008

Re: Life Changes - What Should My Next Monetary Goals/Objectives Be?

Check HSA options if you're looking for more tax advantaged space. Sorry, should have mentioned that already in my OP that I recently moved to a HDHP and will be maxing it out going forward. You should get life insurance ASAP, don't wait for the baby to arrive. Your wife should also get life insura...

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