Search found 820 matches

by Tamarind
Fri Feb 23, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Getting two w2 at same time
Replies: 5
Views: 111

Re: Getting two w2 at same time

If you were considered a full time employee at one or both jobs, one or the other might forbid you from pursuing outside employment as a condition of keeping your job. But that's just between you and your employers. No legal or tax issues. If you get benefits from both, be careful not to exceed cont...
by Tamarind
Fri Feb 23, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 5
Views: 475

Re: Refund? Not so fast!

Mine came on the 6th, but I e-filed two days into the filing period because everything is simple this year.
by Tamarind
Fri Feb 23, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

Thanks to everyone who weighed in. Sometimes one just needs a place to work through financial anxieties in good company. With some introspection, I concluded that my attachment to the home equity did not make sense. I forgot that money is fungible: if I'm not bothered about comingling my liquid prem...
by Tamarind
Fri Feb 23, 2018 6:11 am
Forum: Investing - Help with Personal Investments
Topic: % of net worth to sink into property?
Replies: 2
Views: 447

Re: % of net worth to sink into property?

What would your rent be for a comparable property? What is your income?
by Tamarind
Thu Feb 22, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

I did some digging and found out some information from your past posts: - You've been engaged for about 3 years - In June of 2016, you were thinking about getting married, but expressed a lot of concern about blending assets (your home primarily) at that time. - In 2015, you described your assets a...
by Tamarind
Thu Feb 22, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

miamivice wrote:
Thu Feb 22, 2018 4:41 pm
So from where I am sitting, I do not see hiring an attorney to be value added in this situation.
Thank you. Although you reached a very different conclusion than the other poster I just quoted, I also find this very helpful.
by Tamarind
Thu Feb 22, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

+1. This is the elephant in the living room in this whole discussion. I stated way up thread .... give her 500 bucks to go get her own attorney. As long as their is a client-attorney relationship between your fiance and HER attorney ... the original source of the money is irrelevant. You really sho...
by Tamarind
Thu Feb 22, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

Jags4186 wrote:
Thu Feb 22, 2018 4:55 pm
I still don't know why you'd want to put her on the deed if you're worried about keeping the house. If you put her on the deed, you've effectively given her half the house.
Because I'm not worried about keeping the house, only my initial amount of equity.
by Tamarind
Thu Feb 22, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

I'm well aware of arguments about the enforceability of prenups without advance legal review, but is that really still the case where all we want to do is establish the fact of what we owned, and state law is just fine? I mentioned this before but I think it is worth a separate post. I don't see wh...
by Tamarind
Thu Feb 22, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

If protection of assets was important to me, I would talk to a lawyer with my spouse to be. You also want to make sure you are confidently on the same page about this pre-nup idea before you tie the knot. If it was a matter of talking to a lawyer WITH her there would be no issue. But I have been to...
by Tamarind
Thu Feb 22, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

rooms222 wrote:
Thu Feb 22, 2018 2:39 pm
This is such a state-specific issue, it really would help to have the state, as these are matters of state law.
North Carolina
by Tamarind
Thu Feb 22, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

Does anyone want to bite on whether the value of the equity in a house owned by one person before a marriage can be considered separate property in the event of a divorce, if the couple refinanced the house after marriage, resulting in both their names ending up in the deed? If a prenup doesn't hel...
by Tamarind
Thu Feb 22, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

Does anyone want to bite on whether the value of the equity in a house owned by one person before a marriage can be considered separate property in the event of a divorce, if the couple refinanced the house after marriage, resulting in both their names ending up in the deed? If a prenup doesn't help...
by Tamarind
Thu Feb 22, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

She'd rather invest her $500. For all intents and purposes, it's no longer "her" $500 or "his" $500. It's now "our" $1000. Marriage is about comingling a lot of things. Money is one of them. Just wait until kids show up. Yes, except that the prenup, as I understand it, may be held less valid unless...
by Tamarind
Thu Feb 22, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

Do you mean community property state? Every state except Louisiana is based on common law. Actually, there are nine states.... https://www.legalzoom.com/articles/do-you-live-in-a-community-property-state This just came up in another thread. I was surprised to learn there are 9 community property st...
by Tamarind
Thu Feb 22, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

Do you mean community property state? Every state except Louisiana is based on common law. Actually, there are nine states.... https://www.legalzoom.com/articles/do-you-live-in-a-community-property-state This just came up in another thread. I was surprised to learn there are 9 community property st...
by Tamarind
Thu Feb 22, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

My ex and I had a similar discussion/agreement in the event of divorce. We ended up getting divorced last year, and he took his stuff, and I kept mine, and I paid him some $ amount for an increase in the equity in the house (which I kept). We didn't have a pre-nup; we just put it all in the Separat...
by Tamarind
Thu Feb 22, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

I really appreciate the help in thinking about a prenup broadly, and that is helpful too, but I do have two very specific questions: Do courts refuse to use a notarized disclosure of property, made before marriage, as a basis for establishing separate assets in a divorce proceeding? Do courts refuse...
by Tamarind
Thu Feb 22, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

That would make it difficult if she's not agreeable to paying for it. I would go at it from the angle of, what you guys want now might not be what you want later in the event of a divorce... it's a pretty low cost for a safety net. How much are we talking in assets for each, if you don't mind shari...
by Tamarind
Thu Feb 22, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

It would seem to me to be the thing to do (prenup) in which intentions are expressed to retain previously held property in the event of a dissolution, with the intention of splitting commonly acquitted assets later. You want this to be legal in your state so an attorney would be the right way to go...
by Tamarind
Thu Feb 22, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Re: Is a prenup required to establish a list of separate property before marriage?

In the event a divorce happened, as long as you both agree to who gets what and what was pre-marital all would be fine. If one of you got greedy and wanted more, what would be there for the courts to enforce? If you're both willing to to a pre-nup and the only reason not to is you don't want to spe...
by Tamarind
Thu Feb 22, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2176

Is a prenup required to establish a list of separate property before marriage?

I'm getting married soon, in a common law state (I.e not community property). Fiancee and I both have investments, and I have some home equity in a home that we are likely to refinance together. We'd like to have a legal record of what we each owned prior to marriage in the unlikely event of a divor...
by Tamarind
Thu Feb 22, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 392
Views: 43465

Re: Netflix, Your Current Favorite Show

^^^ Just finished it. I lost track of how many times I saw something and thought "I had one of those..." I couldn't get out of my mind that one of the main characters is a blend of Indiana Jones and John McAfee. Next up: Altered Carbon. The first episode was interesting. This isn't the best show I'...
by Tamarind
Thu Feb 22, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 392
Views: 43465

Re: Netflix, Your Current Favorite Show

Surprisingly sweet "trashy" viewing: Queer Eye. Netflix has rebooted Queer Eye for the Straight Guy, lopped off the "straight guy" limitation, and taken it to the South. There's fashion and grooming tips and silliness, yes, but this is actually a show about building self-confidence and developing hu...
by Tamarind
Thu Feb 22, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Retirement investment advice for parent
Replies: 10
Views: 997

Re: Retirement investment advice for parent

IMHO 70/30 is too aggressive for someone in their mid 50's with little retirement savings. Exception - if that person has a pension and that pension together with SS benefits would cover most of her annual expenses, 70/30 would be fine. Mid 50's with little retirement savings. This person does not ...
by Tamarind
Thu Feb 22, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 15
Views: 2349

Re: Spending and saving - am I on it, or in for it?

What do you think of the idea of putting another $2500 each month into an account you won't touch until you retire? I think that’s possible. But unless we do it either with all (or part) of the in-law gift, that would be tough. I should say, it would almost certainly prevent me from saving toward m...
by Tamarind
Thu Feb 22, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Owe IRS $33K, need help with tax planning for 2018
Replies: 12
Views: 1768

Re: OWE IRS $33K, NEED HELP WITH TAX PLANNING FOR 2018

I would suggest you increase withholding on your W-2, or else start making quarterly estimated payments, to deal with the 1099 income. No one is going to withhold to cover your tax liability on that unless you do.
by Tamarind
Wed Feb 21, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 62
Views: 4611

Re: How do I unwind this Wealthfront mess?

OP doesn't have a time machine, but for anyone reading this from the future, my advice would be to simplify the portfolio while it was at WealthFront so that only Vanguard products and cash are transferred. Wealthfront doesn't have a mechanism for this. You can uncheck the direct indexing & advance...
by Tamarind
Wed Feb 21, 2018 5:56 am
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 62
Views: 4611

Re: How do I unwind this Wealthfront mess?

It's probably worth unwinding the FB this year if the gains would be LTCG though the final decision has to be yours, OP. If you are hesitant, consider whether you think there's no chance of Facebook dropping more than 15% before the time when you are imagining selling it. That single step that shoul...
by Tamarind
Wed Feb 21, 2018 5:49 am
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 62
Views: 4611

Re: How do I unwind this Wealthfront mess?

In short... it is a fairly brutal lock-in. 124 lines on Schedule D? Maybe you can just put "various" in the "what securities did I sell" line. I've heard some similar stories, to a much lesser extent, when others have moved out of services that provide this kind of automated TLH strategy. A compute...
by Tamarind
Tue Feb 20, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to file taxes now?
Replies: 57
Views: 4387

Re: Safe to file taxes now?

I filled mine 2 days after the filing window opened. But I don't have any taxable investment accounts, so nothing was likely to be amended.
by Tamarind
Tue Feb 20, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 15
Views: 2349

Re: Spending and saving - am I on it, or in for it?

I would suggest you both arrange to have all tax-advantaged options (401ks, IRAs, HSAs, etc) maxed out via payroll deduction or automatic transfer. It's good that you know you tend to spend. The cure is to "pay yourself first" by automatically investing. Since you don't know how much is coming in f...
by Tamarind
Tue Feb 20, 2018 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 15
Views: 2349

Re: Spending and saving - am I on it, or in for it?

I would suggest you both arrange to have all tax-advantaged options (401ks, IRAs, HSAs, etc) maxed out via payroll deduction or automatic transfer. It's good that you know you tend to spend. The cure is to "pay yourself first" by automatically investing. Since you don't know how much is coming in fr...
by Tamarind
Tue Feb 20, 2018 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and Roth 401k contributions....
Replies: 5
Views: 645

Re: Roth IRA and Roth 401k contributions....

I would say that the Roth 401k and Roth IRA come out of different contribution limits. Whether one is allowable doesn't depend on contributions to the other. As HR for an employer, your wife probably shouldn't weigh in on the Roth IRA as it's dependent on the employee's tax situation, which she can'...
by Tamarind
Tue Feb 20, 2018 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 52
Views: 3289

Re: Looking for some help and fast (buying vs renting, net worth)

It's easy to get caught up emotionally when buying a house. There's always the fear that you will miss out and so there's a tendency to rush into it. Don't. There's a reason you were thinking about buying in a year. Stick to that plan and don't get swept away. This. The house is never as special as...
by Tamarind
Tue Feb 20, 2018 5:43 am
Forum: Investing - Theory, News & General
Topic: Why investors shouldn’t panic over falling bond prices
Replies: 36
Views: 6256

Re: Why investors shouldn’t panic over falling bond prices

That sound about right. They show me ads everywhere I go online so they must have a significant ad budget. Not to detract from your main point, but you would be surprised how little it takes to do that. If they have a competent ad buyer (more likely team thereof), the marginal cost of showing you a...
by Tamarind
Mon Feb 19, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 9103

Re: Do you wear a wedding band? [at a job interview]

OP, by wearing it, there's a slim chance you can take advantage of the bias that leads married men to be paid more than single men on average for the same jobs. If someone in a hiring position actually had strong opinions about the character of someone married vs unmarried, or married and wearing vs...
by Tamarind
Sun Feb 18, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Stipends (Now) to Future Heirs?
Replies: 10
Views: 1498

Re: Monthly Stipends (Now) to Future Heirs?

It's an incredible gift to be able to remove serious financial hardship for a whole generation. I once dated someone in a situation somewhat like that of your heirs', which had been going for at least two generations and had a couple of dozen recipients. The money started at 18 for each family membe...
by Tamarind
Sat Feb 17, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 79
Views: 5778

Re: Effect of spending money on appearance in career

At the same time, I am sitting in meetings in which comments are made about needing to bring another women into the office so clients are more eager to stop by. What?? Is this company stuck in the 1950's or 1960's? :oops: If this their corporate culture, and it is genuinely affecting your career, i...
by Tamarind
Sat Feb 17, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: $12,000 Refrigerator? [Looking in $7k price range]
Replies: 65
Views: 6516

Re: $12,000 Refrigerator?

Point taken, David. I did go low end about 8 years ago - ~1600 for Fridge, gas stove, convection micro - all - Frigidaire, all poorly made. Consider finding a happy medium. I spent $700 for my last fridge. More than some here would spend but I got a fridge that has been reliable and quiet and had t...
by Tamarind
Sat Feb 17, 2018 6:55 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4887

Re: Best plants to grow to save money for food costs

I generally agree with Billy and Krischi. A couple of candidates you could try doing the math for... Fruiting plants that work in your area as fruit is pretty expensive per pound, and a perennial will spread the cost of the plant over time. I grow figs and blueberries. Cane fruits (blackberries/rasp...
by Tamarind
Fri Feb 16, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Investor [looking for help]
Replies: 31
Views: 2019

Re: Beginner Investor [looking for help]

The reason why I was steering away from the TR funds is because I wouldnt be able to allocate my bonds into the tax advantaged account. (T ira). Am I missing something. Don't you want to put your stocks in the Roth and your bonds in the T ira? You definitely want to put your bonds in a tax advantag...
by Tamarind
Fri Feb 16, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6473

Re: How to get child's skin in the game for college?

My parents bribed me very effectively. They told me when I was a HS junior that they'd saved enough to cover the full cost of Local Public School and if I got scholarships or attended a cheaper school I could pocket the difference. If I spent in excess, it was my job to find that money. I finished w...
by Tamarind
Thu Feb 15, 2018 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Reasonably Safe Funds
Replies: 27
Views: 1863

Re: Suggestions for Reasonably Safe Funds

OP, what % drop in this money would scare you? Let's say over a month. 1%? 5%? 10%?
by Tamarind
Wed Feb 14, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Gut check: is this lifestyle creep?
Replies: 37
Views: 5461

Re: Gut check: is this lifestyle creep?

I've heard the guideline that one should save half of any salary increase. I'm about to get a $40k increase in salary and I wonder if you think my plan amounts to lifestyle creep rather than following the spirit of the rule. I'm one of the people who recommend saving 50% of your raises. I mostly th...
by Tamarind
Wed Feb 14, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Gut check: is this lifestyle creep?
Replies: 37
Views: 5461

Re: Gut check: is this lifestyle creep?

I'm not feeling the lifestyle creep vibe here, so no. Oh no? I am. You stated you are expecting a $40k increase and in your mind you have already spent half of it - new car, home renovations, international trip. Let me ask you something, if that $40k increase was not even a possibility, were you ev...
by Tamarind
Wed Feb 14, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need disability insurance
Replies: 57
Views: 6740

Re: Do we need disability insurance

You might not need DI on both of you, but I think you need some on her since she brings in the bulk of the income. The time for women to seek LTDI is before first pregnancy as the rates will be better.

ETA: What's with the 5 years? You should be looking at plans that cover until retirement age.
by Tamarind
Wed Feb 14, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Gut check: is this lifestyle creep?
Replies: 37
Views: 5461

Re: Gut check: is this lifestyle creep?

Easy Rhino wrote:
Wed Feb 14, 2018 1:20 pm
I would preferentially put money in the HSA (because of the tax break) over the 401k, or paying extra mortgage.
I would too and did max it out at the old salary rather than max 401k. However I will lose eligibility to contribute to an HSA in March.
by Tamarind
Wed Feb 14, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Pay tuition cash or use student loans and invest instead or both
Replies: 12
Views: 740

Re: Pay tuition cash or use student loans and invest instead or both

Good luck finding a guaranteed investment of 6.8%. The market return over the next 5 years could quite easily be negative or zero. This. You do not know in advance if short term returns will beat your return on avoiding interest. Additionally, in a worst case scenario your student loans, unlike con...
by Tamarind
Wed Feb 14, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing thru contributions?
Replies: 12
Views: 657

Re: Rebalancing thru contributions?

If your split is 90/10 in two funds, why would you buy them in equal dollar amounts (ie 50/50)? How about for less hassle C) Automate purchase at a 90/10 ratio. Check annually to see if you need to rebalance. Most 401k tools will let you set an automated contribution by percentage rather than dollar.