Search found 2484 matches

by TropikThunder
Mon Sep 28, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA - Account Closed (Risk Department)
Replies: 29
Views: 6019

Re: Fidelity HSA - Account Closed (Risk Department)

Fidelity pulls EWS (Early Warning System). You have a right to access the report for free. It involves filling out form and sending it in. Pull that report and see if there is something sinister or wrong on it. Get it here. Interesting. According to this: https://www.earlywarning.com/media/why-was-...
by TropikThunder
Mon Sep 28, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Add wife to deed-I have an owners title policy
Replies: 8
Views: 782

Re: Add wife to deed-I have an owners title policy

If the house is mortgaged, you may need to satisfy your lender's requirements. My recollection, when I went through this exact same situation, is that my mortgage company had the right to insist that my spouse be put on the mortgage if they were going to be on the deed. Otherwise, the spouse's inte...
by TropikThunder
Mon Sep 28, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to get company 401K matching after maxed out
Replies: 24
Views: 2472

Re: How to get company 401K matching after maxed out

Doesn’t the plan sponsor get in trouble for not correcting an excess contribution (like the whole plan is disqualified)? The fact that it’s a cumulative excess contribution for the employee but not from the second employer’s perspective doesn’t change the fact that employee B allowed an excess (mayb...
by TropikThunder
Mon Sep 28, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Add wife to deed-I have an owners title policy
Replies: 8
Views: 782

Re: Add wife to deed-I have an owners title policy

If the house is mortgaged, you may need to satisfy your lender's requirements. My recollection, when I went through this exact same situation, is that my mortgage company had the right to insist that my spouse be put on the mortgage if they were going to be on the deed. Otherwise, the spouse's inte...
by TropikThunder
Sun Sep 27, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: The College Admissions Game
Replies: 48
Views: 3735

Re: The College Admissions Game

He could take up rowing maybe.
by TropikThunder
Sun Sep 27, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Full time students working part time and federal taxes
Replies: 6
Views: 316

Re: Full time students working part time and federal taxes

Quick question for those of you well versed in taxes to make sure I understand this correctly: 18 year old daughter, who is now a full time college freshman, worked her first (part time) job this summer. Grossed $2200. Although she filled out a W-4 (claimed 0 deductions and single), she didn't have...
by TropikThunder
Sun Sep 27, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting Example - Please Help
Replies: 8
Views: 555

Re: Tax Loss Harvesting Example - Please Help

Ok, thank you. So I don't need to specify that I'm selling the shares that I bought for $300 (when I try, I can't). I can just sell the same number of shares that I bought at $300 and then claim it on my taxes? If you aren’t able to specify which shares you would sell, then you don’t have the corre...
by TropikThunder
Fri Sep 25, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1238
Views: 109510

Re: My LenderFi refinance is going well

Technically not LFs fault but they are the ones who requested a soft inquiry. I've never had these pulls from prior refinances . I can't take any action even if I wanted to. I haven't repulled my TU but they are still working on it. It's not at all uncommon for the lender to do a soft pull shortly ...
by TropikThunder
Thu Sep 24, 2020 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Large Nest Egg...should I run a deficit to pay a larger mortgage?
Replies: 40
Views: 2907

Re: Large Nest Egg...should I run a deficit to pay a larger mortgage?

I'm considering this because the rate is sooo low and the arbitrage potential for the cash not used in down payment seems great and I could always dump some cash into the mortgage to lower everything down if needed. As far as arbitrage goes, where would you be putting the erstwhile down payment in ...
by TropikThunder
Thu Sep 24, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Severance and Unemployment
Replies: 9
Views: 1664

Re: Severance and Unemployment

Pessimist55 wrote: Tue Sep 22, 2020 8:16 pm Starts after term date/ last day of paycheck
No it doesn’t.
by TropikThunder
Thu Sep 24, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Severance and Unemployment
Replies: 9
Views: 1664

Re: Severance and Unemployment

I’m confused whether the fact that it’s specifically 8 weeks after my end date - does this constitute a certain time period, or not for the sake of my claim? I don’t want to give up any benefits I’m entitled to receive, especially because I’ve been applying to jobs, but I also don’t want to risk re...
by TropikThunder
Wed Sep 23, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1238
Views: 109510

Re: My LenderFi refinance is going well

I just filed a cfpb complaint. In the meantime going to get Ryan or whoever is responsible to reverse this as I have an email from my loan processor stating it is supposed to be a soft inquiry. Amber will insist it was a soft inquiry and make you call TU To confirm it wasn't a soft inquiry (jump th...
by TropikThunder
Wed Sep 23, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Math question calculating RoR on paying mortgage points
Replies: 17
Views: 857

Re: Math question calculating RoR on paying mortgage points

New rate with and without points. It appears that the points are better. I was interested in determining the most "correct" way to measure it as if were on a finance exam. Is it time to break even or is an IRR calc?? I’ve only ever done the break even (biology guy not finance) because IMO it doesn’...
by TropikThunder
Wed Sep 23, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Finance to put 20% down on House
Replies: 21
Views: 3250

Re: Bad Finance to put 20% down on House

I don't know how it works now, but you used to be able to get a HELOC to make up the difference to 20%. When I bought my house 18 years ago, I put 3% down, had a 17% HELOC, and the rest was a fixed rate loan. No PMI. The HELOC and loan were from the same lender. You had to pass all the lender's deb...
by TropikThunder
Wed Sep 23, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Math question calculating RoR on paying mortgage points
Replies: 17
Views: 857

Re: Math question calculating RoR on paying mortgage points

Are you trying to compare old rate vs new rate, or new rate with points vs new rate without points. Your title suggests the latter but the replies have been about the former. If all you’re asking is whether to pay points or not, the simplest method is to divide the fee ($1,112) by the required payme...
by TropikThunder
Mon Sep 21, 2020 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: In-network provider refusing service if we use insurance
Replies: 122
Views: 6511

Re: In-network provider refusing service if we use insurance

So, what did you mean when you suggested that "entitled" patients should push their insurers to pay market rates? Tell your insurance you cannot find someone who provides this treatment for the insurance fees. How are they supposed to know what "providers want to sign up for" Maybe just ask? Negoti...
by TropikThunder
Mon Sep 21, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5361

Re: Challenging a physician's bill

I think it was a poor decision to ask the doctor’s office if they are in-network vs checking on your insurance company’s website to confirm the doctor is in-network. I know, before I show up to a doctor, what the copay will be, if they are Tier 1, Tier 2, or OON providers, etc. Needless to say, I d...
by TropikThunder
Mon Sep 21, 2020 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: In-network provider refusing service if we use insurance
Replies: 122
Views: 6511

Re: In-network provider refusing service if we use insurance

This is a guess on my part, but maybe this procedure is not included on the negotiated fee schedule (not included in the existing contract).... From OP's post it appears it is covered. You're both probably correct: it is covered, but at a reimbursement rate the provider finds unacceptable. The rema...
by TropikThunder
Sun Sep 20, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor disclosure and consent
Replies: 48
Views: 3370

Re: Doctor disclosure and consent

Good lord people, OP never said his claim was denied. All they said was that the consent form had a disclaimer re: cosmetic procedures may not be covered, and they are concerned about what to do if that happens. There’s no reason to think it won’t be covered, it’s just a boilerplate disclaimer (anyo...
by TropikThunder
Fri Sep 18, 2020 11:35 pm
Forum: Investing - Theory, News & General
Topic: Does anyone know how the loan limits work over multiple 401(k) accounts?
Replies: 24
Views: 5001

Re: Does anyone know how the loan limits work over multiple 401(k) accounts?

I came to this post while searching loan from multiple 401K so I thought I would add some input. I was researching on the cost and process of loans from 401k just in case I need to borrow some to pay son's tuition. TIAA's website is super easy and very helpful. Takes about 5 minutes to walk through...
by TropikThunder
Fri Sep 18, 2020 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Medical Report (MIB): Should I Apply for a New Policy and Risk Blacklisting?
Replies: 12
Views: 779

Re: Insurance Medical Report (MBB): Should I Apply for a New Policy and Risk Blacklisting?

FIREchief wrote: Fri Sep 18, 2020 9:30 pm In my experience, insurance companies don’t do the real deep dive until a claim is made.
Exactly, that way they can collect the premiums and only take a look under the hood when they’re about to have to pay out a claim.
by TropikThunder
Fri Sep 18, 2020 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Reason not to rent out your old house?
Replies: 58
Views: 4637

Re: Reason not to rent out your old house?

John Doe 123 wrote: Fri Sep 18, 2020 10:41 pm I believe if you haven't used the home as a primary residence for 2 of the past 4 calendar years, then you have to pay capital gains on the sale of the home.
It’s 2 out of the last 5, but your point is still valid. Also, how many people can qualify for two mortgages?
by TropikThunder
Fri Sep 18, 2020 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Estate considerations with sibling living in home owned by parent
Replies: 33
Views: 2642

Re: Estate considerations with sibling living in home owned by parent

Siblings would all prefer not to sell the other sibling's home. We will have to sell parent's house. All us other siblings don't want the sibling's house or contents. Estate is large enough that each share would be a multiple of the one sibling's home price. Estate is definitely split evenly among ...
by TropikThunder
Fri Sep 18, 2020 3:01 pm
Forum: Personal Investments
Topic: Extra $180/Month after Refinance. Where does it go?
Replies: 22
Views: 2436

Re: Extra $180/Month after Refinance. Where does it go?

I would just keep making the same payment precisely because you reset the clock. It obviously fit your budget pre-refi and you’ll shave considerable time off the back end.
by TropikThunder
Tue Sep 15, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refi Question - help deciding
Replies: 21
Views: 886

Re: Refi Question - help deciding

Not sure what lender credit means -- is that cash back or credit torwards closing costs? Points: extra money you pay to get lower interest rate [cost to close is higher] Credit: money the lender pays to get you to accept a higher interest rate [cost to close is lower] Currently, the smart move is t...
by TropikThunder
Tue Sep 15, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of moving/emigrating to Canada
Replies: 35
Views: 4793

Re: Thinking of moving/emigrating to Canada

[snip...]I've concluded that old retired folks like us who can't make viable, active contributions to the economy (via employment or significant investment) and/or who pose a potential burden to the health care/social welfare system just aren't welcome. Not to be argumentative, but can you blame th...
by TropikThunder
Tue Sep 15, 2020 3:02 am
Forum: Personal Finance (Not Investing)
Topic: Did I Botch My Refinance?
Replies: 5
Views: 1166

Re: Did I Botch My Refinance?

The impact on your mortgage application is that the underwriter is concerned your DTI will increase based on the new credit lines. Since you have three new inquiries, that implies at least the potential for three new credit lines (sometimes people apply but don’t follow through) that aren’t already ...
by TropikThunder
Mon Sep 14, 2020 9:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 149
Views: 15885

Re: Vanguard Advertising Mutual Fund to ETF Conversion

I recently converted a mutual fund to its ETF share class by calling Vanguard. I didn't find a way to do it online. As part of the call, the representative asked if I understood what was to happen with the conversion (which I did, as I'd done it before). My guess is Vanguard doesn't let you do it o...
by TropikThunder
Mon Sep 14, 2020 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity CC declined, they deny declining
Replies: 41
Views: 3510

Re: Fidelity CC declined, they deny declining

heartwood wrote: Mon Sep 14, 2020 1:02 pm I was told that they screen and decline charges from certain types of stores, or particular stores.
What, like a modern day Morals Police? Do they think repealing Prohibition was a mistake? :P
by TropikThunder
Mon Sep 14, 2020 3:28 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14280

Re: Paying off sub 4% mortgage interest rate early

I honestly don’t know how else to explain it to geerhardusov to get him/her to understand. Unless I’m missing something but I have yet seen a reasonable explanation telling me otherwise. Honestly the two of you were having different conversations. You are saying if you owe $300,000 on your mortgage...
by TropikThunder
Fri Sep 11, 2020 10:31 pm
Forum: Personal Investments
Topic: TIAA-CREF Lifecycle index funds, Institutional Class
Replies: 13
Views: 905

Re: TIAA-CREF Lifecycle index funds, Institutional Class

I'm not a fan of the TIAA target date funds mainly because they are overly complicated with that "complexity to make the advisor look better" feel to it. For comparison, Vanguard's Target Retirement funds have 4 components at various allocations: US Stock, Int'l Stock, US bonds, Int'l bonds. It som...
by TropikThunder
Fri Sep 11, 2020 6:45 pm
Forum: Personal Investments
Topic: TIAA-CREF Lifecycle index funds, Institutional Class
Replies: 13
Views: 905

Re: TIAA-CREF Lifecycle index funds, Institutional Class

Hi, What is everyone's thoughts of TIAA-CREF's Lifecycle index funds? They all seem to have a 5 star Morningstar rating with very low ER of .10. They are options in my employer's 403(b) plan with TIAA-CREF. I have been looking at the 2025 fund. Thanks I'm not a fan of the TIAA target date funds mai...
by TropikThunder
Fri Sep 11, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Bet that 30-year mortgage rates are below 2.00% by July 2021
Replies: 37
Views: 3813

Re: Bet that 30-year mortgage rates are below 2.00% by July 2021

I read in a recent thread that someone had snagged a 2.25% 30 year fixed. Accelin is advertising 2.125 still today...APR of 2.274. While we might see 2% 30 year mortgages by next summer, I don’t think that will be the “no cost” rate - which is the only one that matters to me anymore. For the sake o...
by TropikThunder
Fri Sep 11, 2020 2:05 am
Forum: Personal Finance (Not Investing)
Topic: How to stop judging how other people spend/invest
Replies: 76
Views: 4792

Re: How to stop judging how other people spend/invest

diydocwifejd wrote: Thu Sep 10, 2020 4:09 pm But I'm starting to realize I have this nasty habit of imposing my world view on others.
You’ll fit in just fine here.
by TropikThunder
Thu Sep 10, 2020 10:30 pm
Forum: Personal Investments
Topic: Roth IRA Contribution - At Once or Over Year
Replies: 13
Views: 988

Re: Roth IRA Contribution - At Once or Over Year

I'm contributing the $6,000 max to my roth each year and usually have the cash at the beginning of the year to contribute all at one. Is it best to invest the lump sum in January or spread it out over the course of the year? Like $500/month or $2000 three times a year? Diversification is good: I lu...
by TropikThunder
Wed Sep 09, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 12538

Re: Buying vs. Renting Principles

Thanks for offering to take my money off my hands, by the way! I think I'll find a way to spend it, though. I'm sure you don't mind whether it's on a car vs. housing vs. something else all together, right? After all, we should respect each other's choices and I'm being responsible as I am already s...
by TropikThunder
Wed Sep 09, 2020 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 12538

Re: Buying vs. Renting Principles (Sticky Thread Request)

Sure there is. All else being equal, given two identical homes the one you can rent will typically cost you less per month than a house payment would cost you. Obviously not always, but to a rough approximation it's correct. Plus you won't have ongoing maintenance, taxes, and insurance. I think the...
by TropikThunder
Wed Sep 09, 2020 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to spend on car?
Replies: 122
Views: 8389

Re: What % of income to spend on car?

Wait, I thought the rule was 10% of your income per year. Buy a car every year: 10%. Keep it for 5 years: 50%. etc. Bogleheads Car Threads: Where Joy Comes to Die :P Most people get immensely more enjoyment from consumerism than wealth building. You put that joy right back where you found it, mister...
by TropikThunder
Wed Sep 09, 2020 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Dog Bite Case (for real - and I own the dog)
Replies: 56
Views: 7527

Re: Dog Bite Case (for real - and I own the dog)

Dick D wrote: Tue Sep 08, 2020 8:16 pm I would have the insurance company pay the $600 and be done with it. Be grateful that it is not costing you more.
+1. And if you're not "done with it" because the driver comes back for more, than it will be the insurance company's problem, not yours.
by TropikThunder
Tue Sep 08, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA/MiL
Replies: 3
Views: 341

Re: Dependent Care FSA/MiL

That should be a simple question, but it's not. Sigh. If she provides the care in your home, she may be considered a household employee and subject to a lot of paperwork. But if she provides the care at her own home, then you still have to determine according to the IRS rules whether she's an indep...
by TropikThunder
Mon Sep 07, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can spouse waive/disclaim joint account with parent?
Replies: 13
Views: 1101

Re: Can spouse waive/disclaim joint account with parent?

Carefreeap wrote: Mon Sep 07, 2020 11:30 am An attorney on another financial forum likes to say that she makes good money cleaning up DIY attempts to save money on lawyer fees. :beer
“I charge $200 an hour, $300 if you already tried to do it yourself”.
by TropikThunder
Mon Sep 07, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage on Purchase of New Home: Advice Please
Replies: 11
Views: 1104

Re: Mortgage on Purchase of New Home: Advice Please

My wife and I have placed a purchase agreement on a home to be closed between November 15th and December 15th, at the discretion of the home seller. ...... Plan on closing on the mortgage by October 15th, per advice of credit union agent. Is this even possible? If you mean close on the purchase Oct...
by TropikThunder
Sun Sep 06, 2020 12:45 pm
Forum: Investing - Theory, News & General
Topic: In accumulation phase, should you ever need more than 10% fixed income?
Replies: 27
Views: 2378

Re: In accumulation phase, should you ever need more than 10% fixed income?

There is no way my current investments could sustain me if I were to liquidate them. Only when my holdings could sustain me for 10+ years would I consider putting some of my $ into bonds. For now, if I lose my job, I need to find another job. Simple as that. I can't rely on the current value of my ...
by TropikThunder
Sat Sep 05, 2020 11:26 pm
Forum: Personal Investments
Topic: Wife is "forcing" me to buy stock(s)
Replies: 112
Views: 8929

Re: Wife is "forcing" me to buy stock(s)

Enzo IX wrote: Sat Sep 05, 2020 10:48 pm I'm biased but Ferrari (RACE} has done really well since it went public. Overlay the performance with the SP 500 since inception.
Username checks out. :P
by TropikThunder
Sat Sep 05, 2020 10:34 pm
Forum: Personal Investments
Topic: Wife is "forcing" me to buy stock(s)
Replies: 112
Views: 8929

Re: Wife is "forcing" me to buy stock(s)

One would imagine that her itch to buy individual stocks came from somewhere specific, like FOMO for Apple or whatever. Just have her buy whatever it was that lit the fuse.
by TropikThunder
Sat Sep 05, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2262

Re: Best way to pay for work shift

I'm a bit concerned about doing this without your employer involved. Do they know about it? Are you trying to keep it hidden? I've been a W-2 employee my whole career, and none of my employers would be happy if I paid someone else to work a day for me. If the employer paid, they probably would be r...
by TropikThunder
Sat Sep 05, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for work shift
Replies: 35
Views: 2262

Re: Best way to pay for work shift

OP, this doesn't make sense, and it doesn't help that most of your replies to other poster's questions are so short. If you're both salary, and it won't change either paycheck [w2 salaried physician employees. No overtime], what are you "paying" for? "Her, Dr. Smith will you cover Labor Day for me? ...
by TropikThunder
Fri Sep 04, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: U.S. mortgage based on foreign income
Replies: 7
Views: 474

Re: U.S. mortgage based on foreign income

I recently retired, and my wife and I would like to relocate back to the U.S. after 26 years in Europe. Aside from regular withdrawals from investments, most of our regular income is from European pensions and European social security, denominated in Euros. We are working with a major U.S. realtor....
by TropikThunder
Fri Sep 04, 2020 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Fixing Excess HSA Contribution
Replies: 19
Views: 982

Re: Fixing Excess HSA Contribution

I think you read the forest but missed the trees: just follow the steps outlined by SpiritRider and I above. Leave it there, pay the excise tax one time, and under-contribute next year to even things out. $24 in taxes. Once. Probably cheaper than Custodian A's charge to remove excess contributions,...
by TropikThunder
Thu Sep 03, 2020 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Fixing Excess HSA Contribution
Replies: 19
Views: 982

Re: Fixing Excess HSA Contribution

I had a similar question with a slight twist that I was hoping someone could give some advice on: I make HSA contributions through my employer and due to some unexpected events I switched to a non-HDHP plan midyear in 2020. It just occurred to me that I should calculate my allowed contributions for...