Search found 328 matches

by psystal
Mon Jan 08, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: New 529 Plan Rules
Replies: 22
Views: 2761

New 529 Plan Rules

The new tax plan alters 529 plans to extend applicability to "expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school." Our daughter attends a private Montessori school and will move into their "Children's House" program nex...
by psystal
Mon Oct 16, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Decline in Delivery Service?
Replies: 61
Views: 7253

Re: Amazon Prime - Decline in Delivery Service?

I've noticed a small decline in delivery accuracy for Prime orders. My best estimate is that 80% of our packages promised for two-day delivery arrive within two days, but the remainder arrive within 3. We moved to a more suburban neighborhood two years ago, and have found an uptick in the packages m...
by psystal
Mon Oct 16, 2017 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Mineral Rights Valuation (Natural Gas)
Replies: 8
Views: 1210

Mineral Rights Valuation (Natural Gas)

We are in the process of selling our home in PA (without an agent), which sits on 10 mostly wooded acres. We did not originally intend to convey the mineral rights with the land, but have had several inquiries about whether we'd consider including them. We signed a lease with a shale drilling compan...
by psystal
Fri Oct 13, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs with Student Loan Forgiveness
Replies: 52
Views: 5764

Re: Jobs with Student Loan Forgiveness

Some actually start paying their loans back while they're still in school, as without substantial income their payments are effectively, if not actually, $0, and still count as qualifying towards the 120 mark. This is not accurate. Only payments made while employed full time count toward public ser...
by psystal
Fri Oct 13, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs with Student Loan Forgiveness
Replies: 52
Views: 5764

Re: Jobs with Student Loan Forgiveness

Does anyone have a 2017 update on the PSLF program? I know it was under threat with the Trump administration. This is an old thread but, and I didn't read upstream, but... The short answer to your question is that there are no changes for anyone with existing loans. And while we can't discuss plann...
by psystal
Fri Oct 13, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs with Student Loan Forgiveness
Replies: 52
Views: 5764

Re: Jobs with Student Loan Forgiveness

ktd wrote:
Sun Feb 14, 2016 7:26 pm
I am sure laws will change for PSLF. For the income based repayment plan, she will have to pay taxes on the amount forgiven. The IRS is going to get its money no matter what.
This is not accurate. PSLF forgiveness is not considered taxable income by the IRS.
by psystal
Fri Oct 13, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs with Student Loan Forgiveness
Replies: 52
Views: 5764

Re: Jobs with Student Loan Forgiveness

Talk about a strawman argument, this strawdoctor falls flat. http://whitecoatinvestor.com/the-doctors-loophole-student-loans-and-pslf/ You are mistaken. This is happening. I know several people who are actively doing it. If you are an MD with 400k 500k 600k in loans and wanted to go into a position...
by psystal
Fri Oct 13, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs with Student Loan Forgiveness
Replies: 52
Views: 5764

Re: Jobs with Student Loan Forgiveness

Talk about a strawman argument, this strawdoctor falls flat. http://whitecoatinvestor.com/the-doctors-loophole-student-loans-and-pslf/ You are mistaken. This is happening. I know several people who are actively doing it. If you are an MD with 400k 500k 600k in loans and wanted to go into a position...
by psystal
Thu Oct 12, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Tradelines
Replies: 38
Views: 4842

Re: Selling Tradelines

Jack FFR1846 wrote:
Thu Oct 12, 2017 12:59 pm
I do it. Money for nuthin'. Look in the MMM forum, share your badassity and find the tradeline thread II.
I'm curious - how long have you been at it? Any issues with your credit card companies?
by psystal
Thu Oct 12, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Tradelines
Replies: 38
Views: 4842

Re: Selling Tradelines

Wow :shock: I had not heard of this before http://www.thetruthaboutcreditcards.com/the-credit-score-black-market-buying-and-selling-trade-lines/ Yeah. It's not something that ever occurred to me, but it seems to be relatively big business, and has been for some time. It also seems to be endorsed by...
by psystal
Thu Oct 12, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Selling Tradelines
Replies: 38
Views: 4842

Selling Tradelines

I was recently introduced to the concept of selling tradelines by a friend (who hasn't pulled the trigger on it yet). A cursory search reveals mostly positive reviews and endorsements from a number of referral-based websites (such as Mr. Moustache), but not much else. There are several references to...
by psystal
Thu Aug 18, 2016 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house....
Replies: 19
Views: 2336

Re: Would you buy a house....

The location sounds just fine. As with all homes, some people will love it and others won't, but I'd imagine that real estate has a reasonably large demographic of interested buyers. I would check on the lights from the park, just to be safe. What hours are they on? Do they shine directly into the h...
by psystal
Fri Jun 24, 2016 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Liking the new Citi CC at Costco
Replies: 204
Views: 44215

Re: Liking the new Citi CC at Costco

I don't mind two cards but four and then remembering where to use them? To each his own but I think this card offer is pretty decent for folks who just want one or two cards in their wallet. Citi partners with Samsung Pay, so I won't even be keeping the card in my wallet anymore. Now if only Capita...
by psystal
Sat Jun 04, 2016 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Looking for good home insurance
Replies: 16
Views: 2200

Re: Looking for good home insurance

We're moving, but I've been considering change ours, too. We have Erie Insurance, and our annual rate increased about 60% between December 2011 and January 2016. Our agent insists that the entire housing insurance market has gone up, and since we've been planning our move I haven't bothered to look ...
by psystal
Tue May 17, 2016 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Selling one house, buying another. What to do with extra money?
Replies: 6
Views: 732

Re: Selling one house, buying another. What to do with extra money?

My first questions would be why use the FHA loan at all? They're more expensive. Interest rates are at historic lows, so if you refi in a year you'll almost certainly be doing it for a higher rate. Probably only .5% or so, but still higher. I don't get it. Otherwise, I'll offer simple advice. Establ...
by psystal
Fri May 13, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to transfer money to Vanguard???
Replies: 48
Views: 6168

Re: Is now a bad time to transfer money to Vanguard???

The information you're hearing about the market peaking comes from the same industry as your bad financial adviser. The core belief there is that you can beat the market, and one of the many complicated strategies for doing so is timing your entry and exit. Bogleheads fundamentally disagree with tha...
by psystal
Thu May 12, 2016 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup, middle age couple no children
Replies: 22
Views: 3883

Re: Prenup, middle age couple no children

You're right - we've got a great partnership, and we do talk openly about things. Best relationship either of us has ever had. Therein lies the great irony of prenups: if your relationship is strong enough to discuss it, you probably aren't the ones who need it. It sounds like you both have a good ...
by psystal
Thu May 12, 2016 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Prenup, middle age couple no children
Replies: 22
Views: 3883

Re: Prenup, middle age couple no children

1. Have you discussed this with your partner? If not, there should be consideration for how broaching the topic could impact your relationship. After 8 years, I'd assume you can talk about anything openly, but everyone is different. 2. You'll need a lawyer to fully evaluate the situation. My initial...
by psystal
Thu May 12, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Career path and cost of living.
Replies: 63
Views: 8937

Re: Career path and cost of living.

IMO, leaving a 120k income in Texas to move to some of the HighestCOL areas in the country is crazy talk. Agreed. There are certainly jobs worth living in a HCOL area, but unless you have a juicy offer in hand I wouldn't be moving. If you're being hired for such a position, they won't mind you need...
by psystal
Wed May 11, 2016 8:02 am
Forum: Personal Consumer Issues
Topic: Buying a house for an adult child (child adult?)
Replies: 94
Views: 10890

Re: Buying a house for an adult child (child adult?)

I've never sat down and run the numbers on exactly what I'd pay to keep my marriage happy, but it's a pretty substantial sum. It's easy to spend lots of money to "keep a marriage happy" if you have lots of money to spend. So good for you for having lots of money Psystal, but it's not necessarily re...
by psystal
Tue May 10, 2016 2:03 pm
Forum: Personal Consumer Issues
Topic: Buying a house for an adult child (child adult?)
Replies: 94
Views: 10890

Re: Buying a house for an adult child (child adult?)

OP is assuming a mortgage that his son cannot get on his own. The wisdom of this depends almost entirely on why his son's credit score is insufficient, and I'm not one to care much for credit scores. I'd trust the OP's judgment of his son's ability to pay far more than the credit score. Maybe his s...
by psystal
Tue May 10, 2016 1:27 pm
Forum: Personal Consumer Issues
Topic: Buying a house for an adult child (child adult?)
Replies: 94
Views: 10890

Re: Buying a house for an adult child (child adult?)

OP is assuming a mortgage that his son cannot get on his own. The wisdom of this depends almost entirely on why his son's credit score is insufficient, and I'm not one to care much for credit scores. I'd trust the OP's judgment of his son's ability to pay far more than the credit score. Maybe his s...
by psystal
Tue May 10, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Rent Prior to Closing
Replies: 5
Views: 678

Re: Rent Prior to Closing

Another risk is that by living in the house, the family will find issues with the house they wouldn't otherwise notice. I'd suggest either an above market rent with excess credited against purchase, or a large earnest payment to protect your interests. That's a good point. I really don't want them ...
by psystal
Tue May 10, 2016 10:16 am
Forum: Personal Consumer Issues
Topic: So, are Bogleheads Bourbon or Scotch drinkers?
Replies: 115
Views: 12074

Re: So, are Bogleheads Bourbon or Scotch drinkers?

We're full-blooded Irish, so if we're drinking like it's water then it's Jameson. If I'm enjoying it though, it's a good Scotch - of which there are many. We keep a bottle of Johnnie Walker Black Label reserved for any very, very bad days. It's a personal tradition, and thankfully I've only ever had...
by psystal
Tue May 10, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Rent Prior to Closing
Replies: 5
Views: 678

Re: Rent Prior to Closing

HOWEVER... *IF* they don't get the financing (due to lack of effort or otherwise), then... what if they do not move? The laws in some states are remarkably tenant-friendly, and you could have a very prolonged and expensive problem on you hands, all while being unable to sell the property. At its wo...
by psystal
Tue May 10, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Rent Prior to Closing
Replies: 5
Views: 678

Rent Prior to Closing

We're moving into an inherited family home and not suffering from the usual timing hassles of coordinating a move/closing. Originally we'd intended to move in mid-June and list our current home around that time. However, my wife posted our house on Zillow as a "Make Me Move" with an above-market pri...
by psystal
Tue May 10, 2016 9:02 am
Forum: Personal Consumer Issues
Topic: Gifted math program for 1st grade
Replies: 66
Views: 9257

Re: Gifted math program for 1st grade

What questions should I be sure to get answers to tomorrow? For those in the same boat previously, what are key things you'd consider if deciding again? I was in this boat as a student, but our "accelerated" program didn't start until 4th grade. You need to ensure that your child won't miss or glos...
by psystal
Fri Apr 29, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: If not Children - Who/What Leave Estate To?
Replies: 27
Views: 4017

Re: If not Children - Who/What Leave Estate To?

I believe in the importance of family, and I've seen what a difference even a relatively small amount of money can make in one person's life, so my first choice would be to leave it to nieces/nephews. I've also had awful experiences with charities, and I've seen how quickly a change in leadership ca...
by psystal
Fri Apr 29, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited property and family issues
Replies: 39
Views: 4642

Re: Inherited property and family issues

Do not complicate this with any kind of rental arrangement, and do not simply forfeit your share. You'll just be handing the sheriff a nice chunk of change. There needs to be a serious conversation with the sister, and you may need to help her make alternate arrangements for an apartment. If cash fl...
by psystal
Fri Apr 29, 2016 2:25 pm
Forum: Investing - Theory, News & General
Topic: Almost bought an individual stock today...
Replies: 44
Views: 5511

Re: Almost bought an individual stock today...

I'm all index funds now, but I understand the occasional temptation to pick stocks. As long as that money isn't an integral part of your retirement plans, I don't see any problem with it. I'm sure sometime in the next 30 years I'll buy an individual stock once or twice. One piece of advice for the s...
by psystal
Fri Apr 29, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Young Male Living with Parents
Replies: 83
Views: 6778

Re: Young Male Living with Parents

C'mon, man, you're 25 years old, time to stop nakedly begging for praise. And no one ever has said "You should have credit card debt." You'd be surprised at what people say. When we were considering our first home purchase, my wife's uncle said, "You should be house poor when you're first starting ...
by psystal
Thu Apr 28, 2016 3:44 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Magazine & Website
Replies: 99
Views: 11408

Re: What's become of Consumer Reports?

I can't comment on the magazine, as we've only used the online site for the past decade or so. However, we've started to have issues with several highly recommended products from CR. We've relied on them for 20 years, but recently they have led us astray a bit. A top-rated Kenmore washer and dryer h...
by psystal
Thu Apr 28, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Pension buy outs ???
Replies: 34
Views: 4706

Re: Pension buy outs ???

Ok, im trying to understand this. Based on what you said about your wife. She would obviously be better off taking the monthly amounts. $250 x 12months x 20yrs (assuming live to atleast 85) = $60,000. a far cry above the 12k they offer as lump. Im hoping they offer a decent amount of lump sum that ...
by psystal
Thu Apr 28, 2016 7:44 am
Forum: Investing - Theory, News & General
Topic: Why not ETFs?
Replies: 57
Views: 6093

Re: Why not ETFs?

If you follow the Bogleheads philosophy, then there's really no important difference between using mutual funds and using ETFs. IMHO who says there is an important difference is grinding an axe. Agreed. There's a very common usage for ETF's: New investors. If you don't have enough in your account t...
by psystal
Wed Apr 27, 2016 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help me convince my spouse
Replies: 34
Views: 4382

Re: Help me convince my spouse

The fact is that I have made several poor decisions with regards to market timing and individual stocks and have a terrible track record with investments. This is exactly the experience that led many of us to become Bogleheads in the first place. Failure is always an opportunity to learn. Thankfull...
by psystal
Wed Apr 27, 2016 10:36 am
Forum: Investing - Theory, News & General
Topic: Why not ETFs?
Replies: 57
Views: 6093

Re: Why not ETFs?

There's a very common usage for ETF's: New investors. If you don't have enough in your account to put into the Admiral shares, then ETFs are functionally identical. Switch them over when you hit the required minimum. Personally, I don't understand the place for Investor shares in the Boglehead phil...
by psystal
Wed Apr 27, 2016 8:10 am
Forum: Investing - Theory, News & General
Topic: Why not ETFs?
Replies: 57
Views: 6093

Re: Why not ETFs?

If you follow the Bogleheads philosophy, then there's really no important difference between using mutual funds and using ETFs. IMHO who says there is an important difference is grinding an axe. Agreed. There's a very common usage for ETF's: New investors. If you don't have enough in your account t...
by psystal
Wed Apr 27, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: What to tell your child about Bill for tax preparation
Replies: 54
Views: 7253

Re: What to tell your child about Bill for tax preparation

Encourge him to do his own taxes the old fashioned way - filling in paper forms by hand. It's worked for me for over 40 years. That's far and away the best way to understand taxes. It seems to me that a lot of unnecessary money is being spent on tax software these days - an apparent consumer market...
by psystal
Tue Apr 26, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: What to tell your child about Bill for tax preparation
Replies: 54
Views: 7253

Re: What to tell your child about Bill for tax preparation

Not only will TurboTax handle this, but your son will learn a lot even using the software to guide him. I believe it's important to understand your taxes, at least on a basic level, and most individuals shouldn't be going to tax prep firms.
by psystal
Tue Apr 26, 2016 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mass Transit/Parking FSA
Replies: 2
Views: 347

Re: Mass Transit/Parking FSA

I used my former employer's Mass Transit / Parking FSA account for 7 1/2 years. I was never audited. YMMV. I paid for both parking and mass transit by credit card, so it would have been relatively easy to reconstruct if I had been audited. I also pay for parking mostly by credit card, although I us...
by psystal
Tue Apr 26, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Mass Transit/Parking FSA
Replies: 2
Views: 347

Mass Transit/Parking FSA

My employer offers FSA's for both Mass Transit and Parking. This is fortunate for me, as I use both modes of transportation to accommodate my work schedule. Parking is comparatively pricey in our section of the city and sets me back about $260 per month on average, while my vanpool expenses vary sli...
by psystal
Mon Apr 25, 2016 12:47 pm
Forum: Personal Consumer Issues
Topic: Car Buying Advice
Replies: 31
Views: 4252

Re: Car Buying Advice

To be honest I'm not sure at all why it got lowered so much. I just finished paying off my student loans so I thought it would be higher since it shows I'm responsible, but who knows? Quixotically, it's because you responsibly paid off your student loans that your credit score dropped. For people w...
by psystal
Mon Apr 25, 2016 8:11 am
Forum: Personal Consumer Issues
Topic: BH Way of Landscaping?
Replies: 42
Views: 5218

Re: BH Way of Landscaping?

Hi BH's, So I'm on round two of trying to properly fill in several large patches in my lawn. After $250 in tools/seed/fertilizer, I'm finally seeing grass. However, there's a lot of weeds in there and I have a feeling my yard is going to be a beautiful collection of plant life...rather than just be...
by psystal
Fri Apr 22, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 10401

Re: Private Wealth Management (Career Change)

Not sure if I see eye to eye on that. He charges 1% of AUM. Carries a maximum of 125 clients, minimum of $1M to invest. He only sells low cost mutual funds / ETF's. The company doesn't mind because he brings in business. Business is the high net worth clients. If he left they'd likely lose his book...
by psystal
Fri Apr 22, 2016 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Should I Invest?
Replies: 15
Views: 1600

Re: Should I Invest?

No matter when you decide to start investing, you will always wish you'd done it sooner.
by psystal
Fri Apr 22, 2016 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Looking for advice on how to allocate funds for a new home?
Replies: 2
Views: 316

Re: Looking for advice on how to allocate funds for a new home?

I would keep in Money Market funds or CD maturing in 5 years, 4 years etc. to have available in say 6 years. Do not gamble in search of bond yields. Also, as a side note make sure you are saving for retirement. That space, once gone is gone. Buy house a year or two later if needed. Follow this advi...
by psystal
Fri Apr 22, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 10401

Re: Private Wealth Management (Career Change)

Not sure if I see eye to eye on that. He charges 1% of AUM. Carries a maximum of 125 clients, minimum of $1M to invest. He only sells low cost mutual funds / ETF's. The company doesn't mind because he brings in business. Business is the high net worth clients. If he left they'd likely lose his book...
by psystal
Fri Apr 22, 2016 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 10401

Re: Private Wealth Management (Career Change)

I've tossed around the idea of funding my own certifications and opening up a small business on the side, although I've yet to seriously evaluate it. I have no desire to become a full-time salesman, which is what "advisers" are at the big firms, and I don't see much attraction in any of our local fi...
by psystal
Wed Apr 20, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for college/loans and closing/borrowing from retirement?
Replies: 7
Views: 865

Re: Paying for college/loans and closing/borrowing from retirement?

There's a lot of calculations for you to do here, not the least of which is how much freedom from loan debt is worth to you. Since you're a public school teacher and an RN, I would consider the various loan forgiveness plans that exist when making your decision, although my guess would be you're bet...
by psystal
Wed Apr 20, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 11809

Re: Cannot Pay Huge Tax Burden

agehibari wrote: That's actually not a bad suggestion at all, because I'm originally from Meadville (north of Pitt)! :D
Then I don't need to sell you on the merits of Pittsburgh!

You should seriously consider it. Whatever industry you're in, I'm sure you can find work here too.