Search found 61 matches

by Morgan22
Sat Dec 26, 2020 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Collect Rent Electronically?
Replies: 89
Views: 4249

Re: Best Way to Collect Rent Electronically?

I pay my Landlord via Zelle every month. He's very happy that I suggested it. The money hits his account immediately. Within a minute of me sending the payment he always lets me know he received it.
by Morgan22
Wed Nov 11, 2020 2:09 pm
Forum: Personal Consumer Issues
Topic: What do you give your adult children at holiday time?
Replies: 175
Views: 12537

Re: What do you giver your adult children at holiday time?

msi wrote: Fri Nov 06, 2020 8:21 am My mom gives Amazon gift cards and bakes cookies that I like.
My mother does this too. All of the kids and grandkids appreciate it.

eta: All of us "kids" give our children "cash". "Cash" is now given via Venmo or Zelle.
by Morgan22
Tue Nov 03, 2020 9:30 pm
Forum: Personal Consumer Issues
Topic: My dog barks when I'm not home- solutions?
Replies: 79
Views: 5126

Re: My dog barks when I'm not home- solutions?

Try a citronella collar. Worked great for my friend's Jack Russell Terrier. That dog could bark for hours if you let it.
by Morgan22
Tue Sep 22, 2020 9:01 pm
Forum: Personal Consumer Issues
Topic: Email Management Tips
Replies: 51
Views: 4130

Re: Email Management Tips

I treat my inbox like my to do list. Same with sent box. Once the task is complete, or redirected to the correct person to deal with the task, it gets deleted.
by Morgan22
Sun Aug 23, 2020 8:51 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2021!
Replies: 128
Views: 13419

Re: Roll Call for the Retirement Class of 2021!

Possibly July 2021 for me. Originally planned to retire in the year I turned 55 so I would be able to use the "rule of 55" to pull from 401(k) penalty free. Changed jobs 2 years ago and not enjoying the new job. Now thinking of stopping work at 49 and using a 72(t) to pull funds from a rol...
by Morgan22
Sat Jun 20, 2020 9:31 pm
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10670

Re: A cautionary tale about pensions and wages

RobLyons wrote: Fri Jun 19, 2020 7:32 am The system reported having more than $230 million in cash on hand during the first quarter."
This is only about 60 days worth of expenses. That's scary territory for a healthcare system. I don't blame them for trying to cut costs any way possible to survive during this time.
by Morgan22
Mon Jun 15, 2020 7:46 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 65
Views: 4673

Re: I May Need to Replace my 2005 4 Runner :(

I love the older 4Runners! If you're a Toyota person maybe look at a Rav4. (They make them so big now adays!) The ground clearance difference is less than 3/4". You may be able to turn off some of the safety features.
by Morgan22
Thu Jun 11, 2020 9:21 pm
Forum: Personal Consumer Issues
Topic: Verizon may be giving me money that is not mine
Replies: 22
Views: 2761

Re: Verizon may be giving me money that is not mine

They are not going to ask for the money back. Just cash it now. If you don't, you can claim the funds 3 to 5 years from now from the state when they escheat it. Take your pick.
by Morgan22
Sat May 23, 2020 6:03 pm
Forum: Personal Consumer Issues
Topic: Have you searched for your unclaimed property?
Replies: 64
Views: 6775

Re: Have you searched for your unclaimed property?

Just did a search. I found something for my daughter. Her boyfriend also has four items on the state site he can claim. :happy
by Morgan22
Sun Mar 01, 2020 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best way to shop for term life ins.
Replies: 8
Views: 413

Re: What is the best way to shop for term life ins.

term4sale.com Input your info on first page. Next page that pops up gives you prices of policies with multiple insurance companies. Click on How to Purchase and a list of independent agents that are close to your area code pop up. We bought our policies this way and the agent we picked did not push ...
by Morgan22
Thu Sep 05, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Yahoo Data Breach Settlement
Replies: 7
Views: 1465

Re: Yahoo Data Breach Settlement

Just filed myself. Very easy process. Can select towards the bottom of the cash compensation form that you would like to receive an email instead a check when the funds are ready to be released. It says they will send a secure email to enter in your banking info so you can receive an ACH payment. Th...
by Morgan22
Sat Nov 24, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Q on Roth IRA contribution - exception to excise penalty?
Replies: 5
Views: 419

Re: Q on Roth IRA contribution - exception to excise penalty?

It's not clear why you think you have been over contributing to your Roth. Is your MAGI too high?
You mention you max out your 401k. Is this why you think you can't contribute to a Roth? That shouldn't stop you from contributing your a Roth IRA.
by Morgan22
Wed Sep 26, 2018 3:46 pm
Forum: Personal Investments
Topic: Secondary beneficiary for JTWROS brokerage account
Replies: 24
Views: 2307

Re: Secondary beneficiary for JTWROS brokerage account

It's true. That's why we are with Merrill Edge. (Though we may switch to Fidelity in the future. My spouse does not like the ME interface.)
by Morgan22
Tue Mar 27, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 99
Views: 10093

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

I'm in MA, insured with Liberty Mutual for 25 or more years. Our UM cost is $19 per vehicle. UIM cost is $35 per vehicle. Coverage is $100k/$300k and is stacked.
by Morgan22
Wed Feb 21, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600
Replies: 105
Views: 9543

Re: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600

This is great. Pretty much fits my situation.
Thank you Boston Dan for posting this!
by Morgan22
Fri Feb 16, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600
Replies: 105
Views: 9543

Re: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600

I'm definitely going to keep checking back on the DOR site until it's clear what the reporting requirements are (if any). If it doesn't become clear in writing by the DOR by end of March I'll start calling or emailing them.
by Morgan22
Fri Feb 16, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600
Replies: 105
Views: 9543

Re: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600

This will be great if it's not reportable. Then I won't have to pay extra to upgrade my TurboTax to the business edition for the schedule C. (My situation is I sold stuff around the house at a loss. Just trying to declutter to prepare for a downsize.)
by Morgan22
Mon Feb 05, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: [New MA & VT Tax reporting]- 1099-K threshold reduced to $600
Replies: 105
Views: 9543

Re: New to me tax issue - Paypal 1099-k for selling personal property

Hi all, so here's how I handled, let me know if I'm off base: 1099-K for 32 items and $875 COGS: Beginning Inventory: $0 Purchases: $875 Ending Inventory: $0 Despite this being 'back of the closet' stuff sold by my wife and purchased (new) for an amount higher than she sold it, I don't think this i...
by Morgan22
Fri Jan 19, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing house we currently rent from in-laws
Replies: 10
Views: 1208

Re: Purchasing house we currently rent from in-laws

Buy the house (and take out a mortgage) at the appraised value because any other value can make tax matters more complex. Work out the gift money separately. If they received a gift of equity of $60k there are no complications at all. Even a greater gift of equity is not a problem. The only thing t...
by Morgan22
Fri Jan 05, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice To $$ Mess
Replies: 23
Views: 2846

Re: Seeking Advice To $$ Mess

What sailaway and Mlm said. They will be eligible for benefits that many elderly people get. Don't cosign or comingle your assets with theirs. You may make them ineligible for benefits if you do that.
by Morgan22
Fri Jan 05, 2018 12:15 pm
Forum: Forum Issues and Administration
Topic: Why does the main page look like this?
Replies: 6
Views: 2820

Re: Why does the main page look like this?

That's how I see it. I always start there when visiting this site.
by Morgan22
Wed Oct 25, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: Package addresssed to my address, someone else's name, on house I am selling
Replies: 35
Views: 23231

Re: Package addresssed to my address, someone else's name, on house I am selling

Maybe that person (knowing the house is unoccupied) did not want the package delivered to their home and used the unoccupied house for delivery - hoping/planning to pick it up. This happened to a family member. Ended up being a kid down the street that ordered drug paraphernalia and didn't want her...
by Morgan22
Mon Oct 16, 2017 8:05 am
Forum: Personal Investments
Topic: Low cost 457 plans
Replies: 15
Views: 1402

Re: Low cost 457 plans

I just did a quick Google and found a mo 457b plan.
Take a look ar modeferredcomp.org and read up on what they offer. Contact them via their site to verify it is available to your wife.

I know in massachusetts there is only one 457b plan offered and it is excellent. (Fund choices and expenses.)
by Morgan22
Thu Oct 05, 2017 10:18 am
Forum: Personal Investments
Topic: Health Savings Account recommendation
Replies: 22
Views: 4313

Re: Health Savings Account recommendation

You can go to hsasearch.com and compare all of the HSA providers mentioned above.
by Morgan22
Fri Jul 28, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: GF Picking a college major
Replies: 105
Views: 9020

Re: GF Picking a college major

If she wants to stay in college would recommend transferring to the closest UMass campus to her for the remainder of her education. It will be half of what she's paying now. And if she doesn't mind paying attention to detail, then Accounting as a major. I'm an accountant myself in a corporate enviro...
by Morgan22
Fri Jul 21, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Signing up for term life insurance
Replies: 5
Views: 651

Re: Signing up for term life insurance

That price seems a little high. Of course it depends on your health and age. Have you compared it against term4sale.com?
by Morgan22
Tue Jun 20, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Widowed mother - siblings try to make a plan
Replies: 30
Views: 4331

Re: Widowed mother - siblings try to make a plan

Do you have any idea what is involved in having an elderly parent living with you? I think your mother is very fortunate to have your younger brother and his wife around. I hope that you and the others can keep your mom's welfare at the forefront, and that her last years are relatively peaceful and...
by Morgan22
Thu Jun 15, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 4290

Re: Walk me through a backdoor Roth?

Our (spouse and I) combined gross income is also around $200k. But out taxable income is only about $150k, so can contribute directly to our Roth's every year. If you both max out pre-tax 401k, contribute to HSA, and pay for health insurance on a pre-tax basis, you should also have taxable income l...
by Morgan22
Thu Jun 15, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 4290

Re: Walk me through a backdoor Roth?

Combined income is around the $200K mark give or take, so we can't contribute the full $5,500 to Roth and would rather not do the guesswork around how much we are eligible to contribute. Don't want the hassle of putting $5,000 in and come tax filing season realize we can only put in $4,860 and have...
by Morgan22
Thu Jun 15, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 4290

Re: Walk me through a backdoor Roth?

Combined income is around the $200K mark give or take, so we can't contribute the full $5,500 to Roth and would rather not do the guesswork around how much we are eligible to contribute. Don't want the hassle of putting $5,000 in and come tax filing season realize we can only put in $4,860 and have...
by Morgan22
Thu Jun 01, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Employer going union, what happens with 401k
Replies: 19
Views: 3131

Re: Employer going union, what happens with 401k

Aren't they going to offer a 457b or 403b in place of the 401k? They most likely won't have a match since they will have a pension to fund going forward. But I would be surprised if they didn't offer another retirement savings vehicle for employees. (Many of my family work for municipalities, and th...
by Morgan22
Mon May 29, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Second Thoughts on Whole Life Insurance <1 Year into it - Advice???
Replies: 52
Views: 6220

Re: Second Thoughts on Whole Life Insurance <1 Year into it - Advice???

OP, you can get an idea of what term would cost you by going to term4sale.com . It might cost about $800/year for a 30 year $1M term policy. All of that extra money you could put towards retirement accounts.
by Morgan22
Fri May 19, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33861

Re: For those with $500k-$1m in investments...

We are in Mid 40's and are 100% tax deferred accounts.

When the kids finish college we'll probably start adding to taxable then. Or put some into home improvements?
In the meantime max out retirement accounts and cash flow college and related expenses for the kids.
by Morgan22
Wed May 10, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Able to Back Door Roth?
Replies: 8
Views: 1156

Re: Able to Back Door Roth?

Roll the IRA into your old TSP.
Then do the backdoor Roth.
by Morgan22
Wed May 03, 2017 12:00 pm
Forum: Personal Investments
Topic: 401(k) Roll-In
Replies: 14
Views: 1695

Re: 401(k) Roll-In

Maybe try talking to a different rep? I've rolled ira dollars into my 401k and have never provided any proof that the dollars were pre-tax or not.
by Morgan22
Sat Apr 29, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 138
Views: 17461

Re: Cost of car compared to Gross Income

20% of our gross. We saved for our next vehicle and paid cash. We expect to keep it for 10 to 15 years.
by Morgan22
Wed Apr 12, 2017 6:35 pm
Forum: Personal Investments
Topic: Best Route to Take
Replies: 30
Views: 3497

Re: Best Route to Take

Some 457(b) state plans can be really good. If you are from Massachusetts I would recommend you invest in the state's 457 plan (called the smart plan) before investing in one of the 403(b) plans.
by Morgan22
Wed Apr 12, 2017 6:24 pm
Forum: Personal Investments
Topic: Where to park Emergency Fund?
Replies: 32
Views: 3971

Re: Where to park Emergency Fund?

Barclays online savings. 1% interest.
by Morgan22
Wed Apr 12, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: Online high school
Replies: 38
Views: 4003

Re: Online high school

Wow thanks everyone for your tough love, but I want stories of people with experience, and I am not asking for your involvement in the decision making process itself. Short version, she is driven and I don't like the inefficient way the local schools run. I want to combine world travel with it. I p...
by Morgan22
Sun Apr 09, 2017 6:57 am
Forum: Personal Consumer Issues
Topic: Online high school
Replies: 38
Views: 4003

Re: Online high school

My son took online high school classes and did great with them. But he is self motivated. He pushes himself to get good grades. He also participates in the classes which helps with grades.
by Morgan22
Fri Mar 10, 2017 5:25 pm
Forum: Personal Investments
Topic: Re-Balancing, but how? (& Retirement Questions)
Replies: 16
Views: 1450

Re: Re-Balancing, but how? (& Retirement Questions)

Available Funds for Retirement Income: His Social Security: $2,100/mo (now) - $2,500/mo (age 66) Her Social Security: 0 Are you aware that you should be able to claim Social Security based off of your husband's record? You should be able to claim 1/2 of his benefit once he claims. And I would recom...
by Morgan22
Fri Mar 03, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting taxes paid
Replies: 5
Views: 862

Re: Deducting taxes paid

I thought PA did this since they don't tax 401k distributions when you are retired?
(or maybe I misunderstood what I read in the past about retiring in PA).
by Morgan22
Mon Feb 27, 2017 12:15 pm
Forum: Personal Investments
Topic: Gifting Daughter for Home Purchase
Replies: 7
Views: 1155

Re: Gifting Daughter for Home Purchase

(In response to above). They can gift $14k each, to each person, for a total of $56k per year with no reporting necessary. $14k from mom to child and then in-law, and $14k from dad to child and also in-law. 4 checks written in total.
by Morgan22
Sun Feb 26, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: 10 yr. term life policy for soon to be 57 yr old.
Replies: 8
Views: 1551

Re: 10 yr. term life policy for soon to be 57 yr old.

Use term4sale.com. We went through there ourselves. Easy to use and excellent experience for us.
by Morgan22
Sat Feb 25, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: Already Roll over 401k but receive another check?
Replies: 4
Views: 602

Re: Already Roll over 401k but receive another check?

Same thing happened to my husband when he rolled over an old 401k to his IRA. He just forwarded it to vanguard with instructions to put it in his rIRA. It was just a late distribution of dividends. No big deal.
by Morgan22
Thu Feb 16, 2017 1:19 pm
Forum: Personal Investments
Topic: No 401K and make over 200k
Replies: 15
Views: 2341

Re: No 401K and make over 200k

slayed wrote:
BuckinCo wrote:I think I'm going to transition into Vangard.

Do you have any thoughts/advice on their solo 401K plans?
not a fan of the Vanguard solo plans as they do not accept rollovers. i suggest Fidelity as an alternative.
+1
by Morgan22
Wed Feb 15, 2017 9:56 pm
Forum: Personal Investments
Topic: Advice Please - Am I Doing This Right or Do I Need an Advisor Like All My Friends?
Replies: 20
Views: 3478

Re: Advice Please - Am I Doing This Right or Do I Need an Adviser Like All My Friends?

You have access to some great funds. (And some very expensive ones). You could put your whole 401k in FIAM INX TD 2035 and call it a day. It will rebalance automatically. Set it and forget it. Or you could be more hands on and invest in: FID US EQ INDX CL 2 FID EXT MKT IDX IPR FID INTL INDEX IPR FID...
by Morgan22
Wed Feb 15, 2017 4:14 pm
Forum: Personal Investments
Topic: MetLife Promise Whole Life Select 10
Replies: 16
Views: 2449

Re: MetLife Promise Whole Life Select 10

Go to term4sale.com and shop there for a term policy. You'll probably save 19k a year if you drop the whole life and buy term.
by Morgan22
Sat Feb 11, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Should I still get a Fin Advisor if I only want a lazy portfolio?
Replies: 29
Views: 3763

Re: Should I still get a Fin Advisor if I only want a lazy portfolio?

It sounds like you or your husband has a sep-ira. And you want to open up a solo 401k to roll the ira into so you can do back door roth's. I could be wrong, but I believe Vanguard does not allow ira roll overs into their individual 401k's. So you may want to look into fidelity, which does allow roll...
by Morgan22
Wed Jan 25, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA (2017)
Replies: 190
Views: 46681

Re: Best HSA (2017)

I think SelectAccount is the best deal for HSA's now.
But you can compare hundreds of HSA's on hsasearch.com