Search found 315 matches

by tampaite
Mon Jul 17, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Moving out of USA, How to optimize
Replies: 8
Views: 1139

Re: Moving out of USA, How to optimize

Individual Taxable: 111000 , Individual stocks , some ETFs Cash: 275000 , in savings account. Since I will still be earning in India , and already have cash in CDs in India. I don't plan to keep anything in cash in USD. may be 10000 max just to have a bank account. Please suggest how to invest this...
by tampaite
Mon Jul 17, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: gaming the mortgage interest deduction
Replies: 18
Views: 2300

Re: gaming the mortgage interest deduction

The mortgage interest deduction is not all its made out to be. For every dollar you send me I will give you back 25 cents to pay your taxes. Sound like a good deal? What if "For every dollar you send me I will give you back 0 cents to pay your taxes. " Something is better than nothing. Si...
by tampaite
Mon Jul 17, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: gaming the mortgage interest deduction
Replies: 18
Views: 2300

Re: gaming the mortgage interest deduction

The mortgage interest deduction is not all its made out to be. For every dollar you send me I will give you back 25 cents to pay your taxes. Sound like a good deal? What if "For every dollar you send me I will give you back 0 cents to pay your taxes. " Something is better than nothing.
by tampaite
Mon Jul 17, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 95
Views: 8346

Re: Personal Finance Milestone: 20 Times Annual Expense

Hi, As of this Friday, my investment had reached 20 times my current annual expense. There is a light at the end of the tunnel. And, it is not a train. It had been a long and hard struggle over the last 10+ years but it looks like I will make it. Congrats. so the 20x expense will last for another 2...
by tampaite
Thu Jul 13, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Personal loan to a family member
Replies: 114
Views: 6551

Re: Personal loan to a family member

I would like to make a large interest free loan to a family member however I am somewhat worried about getting it back. Since the purpose loan is to buy a home how do I set it up so that I can have a lien on the house until the loan is paid back. What else should I do to protect myself from a defau...
by tampaite
Wed Jul 12, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Credit card vrs checking account for utility bills
Replies: 23
Views: 1694

Re: Credit card vrs checking account for utility bills

I have been having the utility company's, (gas, water, electric, cable) auto withdrawal from my checking account for the monthly bills. Been doing it for 17+ years without issue. Just wondering if it would be prudent to change that and have them charge my credit card instead. Seems like it would of...
by tampaite
Wed Jul 12, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: [Amazon Prime Day]
Replies: 83
Views: 8835

Re: [Amazon Prime Day]

So... my Echo Dot shipped and I'm already having buyers remorse that big brother is going to be listening in on me and whether this was a good idea. I'm not talking about the government. I'm talking about a billion dollar company that wants to make money off of me. Any gadget that needs an internet...
by tampaite
Tue Jul 11, 2017 11:31 am
Forum: Personal Consumer Issues
Topic: [Amazon Prime Day]
Replies: 83
Views: 8835

Re: [Amazon Prime Day]

Pajamas wrote:Buy a $25 Amazon gift card and get a $5 promotional credit, but the credit is only for items sold by Amazon and must be used by August 26th. You can apply a gift card you buy to your own account.

https://www.amazon.com/b/?node=14485264011


Thanks!
by tampaite
Mon Jul 10, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for and finance house move up
Replies: 64
Views: 3240

Re: How to save for and finance house move up

Also, to give some more background for everyone else we really dont live an excessive life. We drive late model Honda/toyota's and keep them 10 years. Our current house is one of the cheaper/smaller houses in our neighborhood. We maintain it impeccably (its an antique) and were even offered to put ...
by tampaite
Mon Jul 10, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: How to save for and finance house move up
Replies: 64
Views: 3240

Re: How to save for and finance house move up

For a 500k house I figure we need 120k up front for downpayment, closing costs, movers and incidentals. We would take on a new loan of about 2x income. I've run the numbers and even if we had to use bridge financing we could afford to carry both old mortgage and new mortgage on current cash flow. I...
by tampaite
Thu Jul 06, 2017 9:14 am
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 149
Views: 13273

Re: Are you finding any good values at Amazon anymore?

Then I just copied the item description from Amazon "Pampers Swaddlers Diapers Size 1, 216 Count" and pasted it into the price rewind search bar and the first result matched. Then I would click "track this item" and at the bottom of the page it says upload receipt, so I'd just d...
by tampaite
Thu Jul 06, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 149
Views: 13273

Re: Are you finding any good values at Amazon anymore?

After I buy something from Amazon I go to my orders, click on the "view invoice" button, save a copy of it, then I go to Citi and add the items/upload the invoice. They do the tracking for 60 days. How do you add items? Often times, the item doesn't show up in the search bar and there is ...
by tampaite
Thu Jul 06, 2017 8:20 am
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 149
Views: 13273

Re: Are you finding any good values at Amazon anymore?

Short answer NO. I have $500 Amazon GC loaded into my account and so far this year have bought only about $100 worth of stuff. Most of my shopping has been at Walmart or membership based clubs and with Walmart's free 2-day shipping and free in-store pick-up option plus the nearest location is like <...
by tampaite
Fri Jun 30, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge - alternative
Replies: 17
Views: 1019

Re: Merrill Edge - alternative

There is no FREE checking account with Bank of America Link: https://www.bankofamerica.com/deposits/checking/checking-accounts/ Bank of America Core Checking - You need monthly direct deposit of $250 or maintain 1.5K otherwise $12 fees. Bank of America Interest Checking - Maintain 10K otherwise $25 ...
by tampaite
Fri Jun 30, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge - alternative
Replies: 17
Views: 1019

Re: Merrill Edge - alternative

I am afraid I don't quite understand how you can trade 10 times a month yet maintain $25,000 in cash at all time. It seems to be that you need $25,000 in cash plus $X that is used to trade stocks. So can you make $25,000 + $X >= $50,000? You mentioned about needing a checking account. You don't nee...
by tampaite
Fri Jun 30, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge - alternative
Replies: 17
Views: 1019

Re: Merrill Edge - alternative

I usually make 10 trades a month, sometimes more and sometimes less. I understand MerillEdge pays me no interest but I think that's offset by the free trades I get. Not interested in trading ETFs - strictly for stocks only. Are there any other brokerages that offer $0 trades per month for maintaini...
by tampaite
Fri Jun 30, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge - alternative
Replies: 17
Views: 1019

Re: Merrill Edge - alternative

I am afraid I don't quite understand how you can trade 10 times a month yet maintain $25,000 in cash at all time. It seems to be that you need $25,000 in cash plus $X that is used to trade stocks. So can you make $25,000 + $X >= $50,000? You mentioned about needing a checking account. You don't nee...
by tampaite
Fri Jun 30, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge - alternative
Replies: 17
Views: 1019

Re: Merrill Edge - alternative

I understand that Merrill Edge has 30 free trades a month, but so what? That's like brokerages who have 10,000 no-transaction-fee mutual funds available. You aren't going to use 30 free trades in a month anyways ... or maybe I should write that you shouldn't have to use 30 free trades in a month. I...
by tampaite
Fri Jun 30, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge - alternative
Replies: 17
Views: 1019

Merrill Edge - alternative

Starting October 1, 2017, maintaining a cash balance of $25,000 will no longer qualify you for $0 online stock and exchange-traded funds (ETF) trades. Merrill Edge will no longer offer 30 $0 online stock and ETF trades per month when you maintain a $25,000 minimum balance in Bank of America® deposi...
by tampaite
Thu Jun 29, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: 47 Single - Never Married - No kids - Diabetes - Retirement
Replies: 17
Views: 3165

Re: 47 Single - Never Married - No kids - Diabetes - Retirement

Need some retirement advice for my situation - please be brutally honest on this. Knowing your health - my suggestion 1. Sell Rental and you'll eliminate the mortgage - live stress free! 2. Take 106K from emergency funds and pay off BOTH Personal loan/Student loan - yes, it puts you at risk of not ...
by tampaite
Thu Jun 29, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Can I retire now?
Replies: 10
Views: 1892

Re: Can I retire now?

Background: Age: 46 and 42(DW), Salary: 120K and 110K (HCOL), two kids 9 and 7. DW wants to continue employed as she loves her job and health insurance provided by her employer Annual expenses: $100K (after tax, including mortgage and property taxes) Retirement Assets: $2,180,000 (60/40 split betwe...
by tampaite
Thu Jun 29, 2017 9:47 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 208
Views: 14505

Re: Buying house - Very important decision

We are a family of 3, husband, myself and a daughter. We are now paying monthly rent $1300. This may go up atleast 100 for the next year. So i am debating to buy (or not buy) this house in middle tennessee. It is $535000 for 3600 sqft house. Lot size is 0.25 acres. I really appreciate any input, su...
by tampaite
Tue Jun 27, 2017 8:38 pm
Forum: Personal Consumer Issues
Topic: Stop saving and start spending
Replies: 67
Views: 9305

Re: Stop saving and start spending

I am 43 and my wife is 39, and we have kids aged 12 and 9. We are fortunate to have an annual income of $400K. Our house is paid off and it is worth $1.2M. We have $1M in invested liquid assets and another $500K in illiquid assets. In total, we have a net worth of $2.7M. Yes based on no mortgage an...
by tampaite
Thu Jun 15, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: putting more than 20% down on new home purchase
Replies: 41
Views: 5155

Re: putting more than 20% down on new home purchase

The home is around $325,000 - $337,000, depending on options. The closing costs are covered by the developer's bank that I will use ($6000.00) . Further, they will give me credit for being one of the first buyers ($5.000) and ($2500.00) Hometown Heroes program). I will have close to $100,000 to put...
by tampaite
Wed Jun 14, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for a house down payment -- savings account or taxable brokerage?
Replies: 6
Views: 608

Re: Saving for a house down payment -- savings account or taxable brokerage?

WL2034 wrote:1. Let's say we are planning to save X for a down payment, needed in 15 months


Recommend Savings Account - no brainer since 15 month is a short period of time.
by tampaite
Thu Jun 08, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with money I will need in 2 years
Replies: 20
Views: 1210

Re: What to do with money I will need in 2 years

Hi all, I have money for a house (about 100k) that I will need in 2 years at the earliest. Most suggestions on here recommend a high yield savings or a CD. However, I can afford to lose about 20% and still be OK. Should I invest it either the Total Bond Market fund or NY Long term munis(tax equival...
by tampaite
Thu Jun 08, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 6143

Re: How to deal with a personal finance cynic

I introduced a friend to this site and asked him if he liked what he saw and any feedback that he had. I really wanted to help as I knew he was struggling financially but not sure how to deal with a cynic such as him. Any ideas ? Introduce your friend to the Search feature at the top. I think he is...
by tampaite
Wed Jun 07, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 252
Views: 18598

Re: KF's Worst Case Retirement Plan [KlangFool's]

Average life expectancy in US is 78 years ... According to the Social Security administration, once you get to retirement age range, life expectancy is in the mid-80's. That doesn't invalidate your statement but does revise the target a bit. SSA Actuarial Life Table (2013) Age Life Expectancy (roun...
by tampaite
Mon Jun 05, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 252
Views: 18598

Re: KF's Worst Case Retirement Plan [KlangFool's]

Folks, Look like 1) 1 million to 1.3 million need major adjustment/adaptation to make it work. 2) 1.3 million to 1.5 million need minor adjustment/adaptation to make it work. 3) 2 million -> retire now. KlangFool I think based on what you've shared so far, I have a sense that you can do it with wha...
by tampaite
Sun Feb 19, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: US debt approaching $20 Trillion
Replies: 18
Views: 1418

US debt approaching $20 Trillion

With US debt approaching $20T and other unfunded federal govt debt obligations around $100T - how will the next 15-25 year horizon affect stock market? I think with higher debt repayment obligations, the county will not have resources to invest in infrastructure and development - You cannot print mo...
by tampaite
Fri Feb 17, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 5295

Re: Vanguard Web Site Down?

Working now.

Vanguards needs to maintain availability of IT systems during trading hours. I would be less upset if this occurred after-hours.
by tampaite
Fri Feb 17, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 5295

Re: Vanguard Web Site Down?

munemaker wrote:
SleepKing wrote:Also not able to access it. No notification of technical difficulties on their homepage.


Working fine here.


what is working? are you able to login?
by tampaite
Fri Feb 17, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 5295

Re: Vanguard Web Site Down?

This is the second time in the last year this has happened.

I need to place a sell order and website is down and am not able to get through customer service - shucks
by tampaite
Thu Feb 02, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: How to save money on a minivan?
Replies: 44
Views: 3444

Re: How to save money on a minivan?

I didn't want to spend over $20k, but even less would be better. That makes two of us. I have been re-searching as well since we have a growing family. My budget is only 15K. At or below $15K, I have found several Sienna's and Odyssey's between years 2006 to 2011 range but almost all of them were 8...
by tampaite
Thu Feb 02, 2017 2:15 pm
Forum: Personal Consumer Issues
Topic: Mom wants an air fryer?
Replies: 29
Views: 3346

Re: Mom wants an air fryer?

My mother's birthday is coming up and I asked her what I could get for her and she mentioned an air fryer, no brands or specs. Anybody use one of these? any brand recs? looks like you can slice up chicken and vegetables and with minimal added oil, get the texture of fried food. One site mentioned t...
by tampaite
Thu Feb 02, 2017 2:12 pm
Forum: Personal Consumer Issues
Topic: Amazon phantom RMA label & UPS driver?
Replies: 23
Views: 2004

Re: Amazon phantom RMA label & UPS driver?

Is your Amazon account shared? meaning you have another household member(s) who can place orders. If so, check with them.

Link: Your orders on Amazon
by tampaite
Wed Jan 25, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Penalty for making early withdrawal - 401k discrimination test
Replies: 8
Views: 1062

Re: Penalty for making early withdrawal - 401k discrimination test

Is it a 401k excess contribution or a HSA excess contribution. TT says The penalty comes from for making excess contributions to a Health Savings Account. It shows 2016 contribution as $3350 and if I change this to any number other than $0, am subject to penalty which I don't understand. 401K conti...
by tampaite
Tue Jan 24, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Penalty for making early withdrawal - 401k discrimination test
Replies: 8
Views: 1062

Re: Penalty for making early withdrawal - 401k discrimination test

Figured it.

I have in Box 12 - W for Employer contribution for Health Savings Account. My employer contributes $0 so my contribution is showing up as Employer contribution for Health Savings Account.

When i change this value to $0, the penalty goes away
by tampaite
Mon Jan 23, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Penalty for making early withdrawal - 401k discrimination test
Replies: 8
Views: 1062

Re: Penalty for making early withdrawal - 401k discrimination test

I'm guessing that you do not have your 1099 from it yet. That should give you the correct 1099 code. Did you get a 1099-R for this distribution? Is one coming? Are you trying to do your taxes before you have all your 1099s? Thank you. I only have the W-2 form and added that to TT. I will wait for 1...
by tampaite
Mon Jan 23, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Penalty for making early withdrawal - 401k discrimination test
Replies: 8
Views: 1062

Penalty for making early withdrawal - 401k discrimination test

Hello All. Started doing my taxes in Turbotax(TT) and TT is stating that am subject to $XXX penalty for taking an early withdrawal or making an excess contribution to an IRA or other tax-favored account. The only event that occured was in late last year, I received a check(return of contribution) fr...
by tampaite
Wed Jan 18, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: Wireless Surveillance Camera System Recommendation
Replies: 11
Views: 1678

Re: Wireless Surveillance Camera System Recommendation

It's best to purchase where you can either return them or get refund back.

Zmodo has good wirless camera, check out reviews on Amazon

Link: http://amzn.to/2iJqB1D
by tampaite
Tue Jan 17, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing Candidates That Will Be Your Boss
Replies: 17
Views: 1806

Re: Interviewing Candidates That Will Be Your Boss

cannondale wrote: What are some probing questions that you'd suggest?



Empathy and Compassion is very important to me so I'd phrase my questions to check those qualities.
by tampaite
Mon Jan 16, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Auto insurance suggestions for FL
Replies: 4
Views: 500

Re: Auto insurance suggestions for FL

moneywise3 wrote:
Anyway, now on to positivity, am looking for recommendations on auto insurers. Prefer the ones that don't do a credit check and market other financial products. Thanks.


Was with Geico and now Progressive but change your Auto insurer every 2 years for best rates...
by tampaite
Sun Jan 15, 2017 8:48 pm
Forum: Personal Consumer Issues
Topic: Nespresso Inissia Espresso Maker? (or similar)
Replies: 29
Views: 1975

Re: Nespresso Inissia Espresso Maker? (or similar)

I've been looking at this ever since I tried a honey cardamom latte at a coffee shop in Florida a couple weeks ago. I am really wondering if it can make a decent espresso at home without too much hassle? Have any of you tried a machine like this (or a similar unit?) ? thanks Have you tried a stove ...
by tampaite
Sun Jan 15, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases
Replies: 72
Views: 7842

Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

This card actually looks pretty useless outside of Amazon itself. The Synchrony store card may be better (if you have Prime). I've had the old Chase Amazon card (not Prime) for years, and it's pretty much a sockdrawer card. Death of Sallie Mae may change this, but there's still other chances for 5%...
by tampaite
Sun Jan 15, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: FL prepaid plan(4-Year Florida University Plan)
Replies: 21
Views: 2197

Re: FL prepaid plan(4-Year Florida University Plan)

First of all, it's important to point out that the program is not a massive free lunch paid for by Florida taxpayers. As noted by Taz, tuition and fees (all that is covered, the Dorm plan is separate) at UF or FSU is about $6400 a year currently, or a total of $25600 for 4 years. For 2035 entry, th...
by tampaite
Thu Jan 12, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: how friends can hurt you financially unintentionally
Replies: 24
Views: 3365

Re: how friends can hurt you financially unintentionally

I finally decided to invest only in the S&P 500 per Warren Buffett and/or VTI as recommended by John Bogle. Both assets have performed almost the same over the long term. A good friend keeps after me regularly saying I would be buying at a terribly high price now since the U.S. market has gone ...
by tampaite
Wed Jan 11, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases
Replies: 72
Views: 7842

Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

student wrote:US Bank Cash+ allows you to pick 2 categories for 5% cash back. One of the available options is bookstores. Amazon is still count as bookstores.


does this apply to all amazon.com purchases or only books?
by tampaite
Wed Jan 11, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases
Replies: 72
Views: 7842

Amazon Prime Rewards Visa Signature Card

For prime member, Amazon is offering 5% back when using the Amazon Prime Rewards Visa Signature Card for puchases on Amazon.com

For non-prime members, it is 3%

Link: Amazon Prime Rewards Visa Signature Card
by tampaite
Mon Jan 09, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: FL prepaid plan(4-Year Florida University Plan)
Replies: 21
Views: 2197

Re: FL prepaid plan(4-Year Florida University Plan)

I've two young kids and I'm choosing this Florida Prepaid route with one lump sum this enrollment cycle and another lump sum on the next cycle. If my kids enroll elsewhere, I'll get the money back with about what I would have spent on in-state tuition. This is one of those deal-breakers if it won't...

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