Search found 83 matches

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: 403

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: 1355

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: 77
Views: 5662

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: 1595

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: 4147

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: 14738

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: 2175

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: 7377

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: 1826

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: 1826

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: 1826

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: 1826

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...
by s0me0nesmind1
Tue Feb 21, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 4122

Re: Disney Cruise instead of Disney World?

There's no chance we'd pull our son out of school for a vacation. Thank you. I can't believe that there are people that attach so little importance to their childrens' education that they would even consider this. We took our daughter to Disney World when she was five and then had to take her back ...
by s0me0nesmind1
Tue Feb 21, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes - What Should My Next Monetary Goals/Objectives Be?
Replies: 17
Views: 1826

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

Hey folks, I have been twiddling my thumbs a bit with some upcoming life changes that are in order. Lately I have just been putting my head down and driving forward. And overall it's paid off. But things are about to change, we have child #1 on the way. This is going to raise our expenses (especiall...
by s0me0nesmind1
Fri Feb 17, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: Convince Wife for Honda Odyssey
Replies: 48
Views: 2778

Re: Convince Wife for Honda Odyssey

This is about much more than a vehicle purchase. Let your wife get what she wants for the sake of your marital harmony. Don't be pushy. Choose your battles. She has her own, personal reasons, maybe emotional, maybe rational, or maybe it's vanity or self-image. The reason is immaterial. Give in and ...
by s0me0nesmind1
Tue Feb 14, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Please help! Father is addicted to Timeshares
Replies: 19
Views: 2557

Re: PLEASE HELP! Father is addicted to TIMESHARES

I'm not a lawyer, but is there any chance he can default on the credit card payment to pay for these? In that affect, wouldn't the bank essentially "own" the timeshare? Would filing for bankruptcy be at all helpful by chance? We are talking 5 instances of buying these 10-15k timeshares ac...
by s0me0nesmind1
Tue Feb 14, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Please help! Father is addicted to Timeshares
Replies: 19
Views: 2557

Re: PLEASE HELP! Father is addicted to TIMESHARES

My understanding with timeshares is that after you pay for the initial purchase, it becomes a worthless liability unless you actually plan on using it to the fullest extent. The 40k your dad paid is a sunk cost and likely cannot be recovered in any significant portion. At this point he should eithe...
by s0me0nesmind1
Tue Feb 14, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Max 401K and Roth IRA - Now what?
Replies: 10
Views: 553

Re: Max 401K and Roth IRA - Now what?

An HSA is the only retirement vehicle that you can take disbursements from that aren't taxed going in and aren't taxed going out (for health related costs). Over the course of 30 years after opening my HSA, because years of surprise medical expenses and having a child and such, I will be able to ta...
by s0me0nesmind1
Tue Feb 14, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Closed my Roth IRA due to political uncertainty - mistake???
Replies: 102
Views: 5910

Re: Closed my Roth IRA due to political uncertainty - mistake???

Yes, very large mistake (as many here have already stated). But let me just give you one important message that has helped keep me sane over the years: If at any time a diversified investment is going to fall and not come back up (e.g. stock market tanks, never to recover in the next couple years) t...
by s0me0nesmind1
Tue Feb 14, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Max 401K and Roth IRA - Now what?
Replies: 10
Views: 553

Re: Max 401K and Roth IRA - Now what?

An HSA is the only retirement vehicle that you can take disbursements from that aren't taxed going in and aren't taxed going out (for health related costs). Over the course of 30 years after opening my HSA, because years of surprise medical expenses and having a child and such, I will be able to tak...
by s0me0nesmind1
Tue Feb 14, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 258
Views: 21083

Re: Quicken's future direction - a cause for concern

I prefer the Quicken data, but if you want to try to squeeze monthly fees out of me to the tune of 5-8$ you're nuts. Companies these days LOOOOVE monthly fee's as consistent dedicated income that most people are simply too lazy to cancel. I might be willing to pay 0.99 or $2.00 per month. Maybe. But...
by s0me0nesmind1
Tue Feb 14, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Please help! Father is addicted to Timeshares
Replies: 19
Views: 2557

Re: PLEASE HELP! Father is addicted to TIMESHARES

There is little you can do until he actually gets the courage to break down the costs himself. You could try to spell out the numbers for him in a very presentable fashion, but there are plenty of people that are simply close-minded on the topic of money until they realize it themselves. I've heard ...
by s0me0nesmind1
Tue Feb 07, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Child on the Way - What to do for College Financing?
Replies: 116
Views: 6439

Re: Child on the Way - What to do for College Financing?

- Don't count on Need-based aid - as others have mentioned - your income is too high. - Try to avoid strapping your kids with too many unsubsidized loans - its crazy with how much debt some students are graduating with (Need-based loans at least have no accrued interest while the kid is in school -...
by s0me0nesmind1
Tue Feb 07, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Child on the Way - What to do for College Financing?
Replies: 116
Views: 6439

Re: Child on the Way - What to do for College Financing?

Bottom line, yes, 529's are an excellent vehicle. You save money up to the limit pre-tax, then it grows tax free. When the time comes it is in a separate account that can only be used for qualified expenses. It is still your money while it is in the 529, so if the beneficiary does not go to college...
by s0me0nesmind1
Tue Feb 07, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Child on the Way - What to do for College Financing?
Replies: 116
Views: 6439

Re: Child on the Way - What to do for College Financing?

OP, 1) How old are you? 2) How old are your kids? Why do you need to save for college education? Your annual savings is 48K per year. If you keep this up for 10+ years, you have your retirement fully funded. You could pay your children's college education from your annual savings. Especially if you...
by s0me0nesmind1
Tue Feb 07, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Child on the Way - What to do for College Financing?
Replies: 116
Views: 6439

Re: Child on the Way - What to do for College Financing?

1. Sorry, but with your income, your family will not qualify for financial aid (FA). So the best way to qualify for FA is to get a much lower paying job. Or have lots more kids in college at the same time. 2. 529 plan is the way to go for your family, but continue to max out retirement plan contrib...
by s0me0nesmind1
Tue Feb 07, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Child on the Way - What to do for College Financing?
Replies: 116
Views: 6439

Child on the Way - What to do for College Financing?

Hey Folks, I have a kid in the way shortly for later this year, and I'm trying to prepare as best as I can for inevitable expenses like college savings. First thing I want to emphasize is my intent: -I INTEND to have a semi decent size fund for my kid to use on College expenses such as Tuition -I DO...
by s0me0nesmind1
Fri Feb 03, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Are there really "Tax Brackets" and does it really matter if I get bumped up into the next one?
Replies: 87
Views: 7690

Re: Are there really "Tax Brackets" and does it really matter if I get bumped up into the next one?

Whether or not it's a good name, they are called tax brackets There is no discontinuity when you hit one. There is no point at which, if you earn one dollar more, you end up with ten dollars less after taxes. The idea that it could happen is a myth. I would have to say that your statement is false....
by s0me0nesmind1
Tue Jan 17, 2017 5:22 pm
Forum: Personal Consumer Issues
Topic: Credit Collection help needed
Replies: 22
Views: 1554

Re: Credit Collection help needed

As far as credit reporting, there are some "details" to look at. If this was actually sent to an outside collections agency, it probably will show on a credit report under "Collections". History there (even if paid) hurts your credit. One "trick" used by many medical p...
by s0me0nesmind1
Mon Jan 16, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Why nobody understands importance of high-deductible insurance?
Replies: 115
Views: 10917

Re: Why nobody understands importance of high-deductible insurance?

This topic seems to be shifting between discussing healthcare and discussing automobile insurance... The 2 are very different and do not correlate real well. Auto insurance is what it should be like: You can be cautious and have a smaller deductible but pay more month to month. This allows you to de...
by s0me0nesmind1
Mon Jan 16, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is driving for uber worth it for side money?
Replies: 67
Views: 10874

Re: Is driving for uber worth it for side money?

Ask your employer for more money if you deserve more. What happens when your employer is an app? Is there another app for that? Write a letter to the employer? Call HR department? At the same time, driving is one of those few skills in life that doesn't have room for improvement. Typically if you h...
by s0me0nesmind1
Mon Jan 16, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is driving for uber worth it for side money?
Replies: 67
Views: 10874

Re: Is driving for uber worth it for side money?

Driving uberX is the world's greatest side-gig due to the flexibility, while at the same time being the the worst full-time job ever. The reason is because there's not enough busy hours during the week to make it worth your time. Also, if you're not driving in a major market (Boston, NYC, DC, Chica...
by s0me0nesmind1
Thu Jan 05, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Investment Options
Replies: 8
Views: 452

Re: HSA Investment Options

If you aren't sure whether it will be long term holding or not, that makes a big difference. If reasonably good odds that you'll be taking $ out for expenses, maybe keep it in cash or the equivalent. Otherwise, you are at risk for short term market swings. If you "know" that it is a long ...
by s0me0nesmind1
Thu Jan 05, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Investment Options
Replies: 8
Views: 452

Re: HSA Investment Options

If you are investing the HSA funds for the long-haul, I'd explore moving them to another custodian. Unlike a 401k, once the money hits the account from employer, it is yours even for administrative control. We moved ours to HSA Bank; it is one of the good options, which are explored in the wiki: ht...
by s0me0nesmind1
Thu Jan 05, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: HSA Investment Options
Replies: 8
Views: 452

HSA Investment Options

Looking for any kind of guidance Bogle folk's can give regarding my HSA choices. I'm usually a proponent of simple Index funds (Target Accounts, S&P, etc...) but this list is a bit above my knowledge. Anyone mind giving some overall guidance of how I should allocate my investment percentages? ED...
by s0me0nesmind1
Thu Jan 05, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1377

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

Hmmm, in a comparison chart under Out of Pocket Max, it lists the amount for each plan - not once does it distinguish to say Max out of pocket or Total max out of pocket. Regardless, last year under my PPO the deductible did indeed count towards the Max OOP. I am fairly confident that is the same f...
by s0me0nesmind1
Wed Jan 04, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1377

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

Hmmm, in a comparison chart under Out of Pocket Max, it lists the amount for each plan - not once does it distinguish to say Max out of pocket or Total max out of pocket. Regardless, last year under my PPO the deductible did indeed count towards the Max OOP. I am fairly confident that is the same fo...
by s0me0nesmind1
Wed Jan 04, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1377

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

The doctor's office doesn't know if the lab is in *your* network. They are struggling to meet the documentation requirements of the different insurers to try and get paid. The insurance company business model is to pay as little as possible in claims while charging as much in premiums as possible. ...
by s0me0nesmind1
Wed Jan 04, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1377

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

But I am prepared to fight this tooth and nail. I don't blame my insurance company either. I don't expect to argue with them and someone get them to process it as in-network. It was the doctor's office that I was lied to and told that everything the procedure was covered by my insurance and everyth...
by s0me0nesmind1
Wed Jan 04, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1377

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

We have friends who earn a good wage but will simply tell providers to screw themselves if they receive an 'unfair' bill. Worst case is they put it to a debt collector who you have to deal with, or not, depending on how much you care about your credit rating. That will also only affect one spouses'...
by s0me0nesmind1
Wed Jan 04, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1377

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

1) You are very lucky to have any coverage for IVF. Not to say that you don't have a valid complaint, but just for some perspective. If you have already argued with the doctor's office and lab, I would try the insurance company next. But, what I think will happen is that they will say ultimately it...
by s0me0nesmind1
Wed Jan 04, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Medical Complaint + Switching to HDHP for Child Birth Costs?
Replies: 25
Views: 1377

Medical Complaint + Switching to HDHP for Child Birth Costs?

Hello folks - I have an upcoming first child birth coming up, and I'm trying to strategize to max out my benefits. Preface: This past year we went through an IVF procedure to get my wife pregnant. It's a very costs fertility procedure, but we were at a very inpatient point in life. Anyhow, it's a pr...
by s0me0nesmind1
Tue Oct 11, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any Recourse/Negotiation for a Medical Bill Issue?
Replies: 1
Views: 262

Any Recourse/Negotiation for a Medical Bill Issue?

Hello folks - Background Info: Recently we have been doing some medical procedures related to fertility treatment. We went into it with 2 options: 1) Have the procedure as normal, through my insurance 2) Go through a "study" procedure in which everything is covered for $3,000 We decided on...
by s0me0nesmind1
Thu Jul 21, 2016 1:32 pm
Forum: Personal Consumer Issues
Topic: Negotiating car insurance premium with Geico
Replies: 28
Views: 3265

Re: Negotiating car insurance premium with Geico

GEICO, like most sophisticated modern auto insurers, uses what is known as tiering. Each company has a specific rating plan based on filings approved by the insurance department. The tiering algorithm decides which one is best for you based on the information you provide when you call. That will be...
by s0me0nesmind1
Fri Jul 17, 2015 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do mortgage rules allow 0.5% down?
Replies: 8
Views: 891

Re: Do mortgage rules allow 0.5% down?

The house is in Ohio. I don't want to start a political debate that will then get deleted, I'm just curious what the rules allow right. https://ohiohome.org/homebuyer/downpayment.aspx From the link: OHFA will issue assistance in an amount of 2.5% of your home's purchase price. 3.5% - 2.5% = 1.0% ? ...
by s0me0nesmind1
Fri Jul 17, 2015 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do mortgage rules allow 0.5% down?
Replies: 8
Views: 891

Re: Do mortgage rules allow 0.5% down?

I'm guessing you are from AZ, CA, NV, or NM? Just a shot in the dark... FHA loans generally require a down payment of 3.5%. Apparently there are programs in certain states to "assist" with the down payment. See this example: http://www.loansafe.org/low-down-payment-mortgage-program-in-cali...
by s0me0nesmind1
Fri Jul 17, 2015 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Plan Advice - What to do with my assets?
Replies: 12
Views: 1391

Re: Savings Plan Advice - What to do with my assets?

Why is your wife looking to invest in taxable accounts? I would want to understand her reasons before settling on a course of action. Basically, she feels like we have too much in liquid accounts and feels that for some reason we should put a couple thousand into stocks and see how it rides. I'm mo...
by s0me0nesmind1
Fri Jul 17, 2015 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Savings Plan Advice - What to do with my assets?
Replies: 12
Views: 1391

Re: Savings Plan Advice - What to do with my assets?

Why is your wife looking to invest in taxable accounts? I would want to understand her reasons before settling on a course of action. Basically, she feels like we have too much in liquid accounts and feels that for some reason we should put a couple thousand into stocks and see how it rides. I'm mo...
by s0me0nesmind1
Thu Jul 16, 2015 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Plan Advice - What to do with my assets?
Replies: 12
Views: 1391

Savings Plan Advice - What to do with my assets?

Hello Folks - Here is a quick rundown of the facts: -Spouse and I work, combined income total of ~$150k -We are around the ages of 30 -Own a Home, worth approx $150k. Approx $90k left on the loan. 2.75% APR 5/5 ARM re-fi (~1 Year in) -2x ROTH IRA's, 2x 401K Accounts - Investing mostly in Vanguard Ta...
by s0me0nesmind1
Wed Jan 07, 2015 11:14 am
Forum: Investing - Help with Personal Investments
Topic: HSA - Help pick my portfolio for the first time...
Replies: 8
Views: 1031

Re: HSA - Help pick my portfolio for the first time...

bump - anyone else that can possibly help with these funds?

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