Search found 1025 matches

by TropikThunder
Sat Oct 20, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Put more than 20% down on a house?
Replies: 33
Views: 3370

Re: Put more than 20% down on a house?

I'm actually not sure if that would be my exact property tax that is due. Is there anyway to find out for a new build vs a 1-2 yr old house? Is this public record, if so where do I find it. 2k a month sounds insane for property tax but i'm assuming it would be that high in the bay area or manhattan...
by TropikThunder
Sat Oct 20, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Waiving contingencies for co-op purchase?
Replies: 16
Views: 901

Re: Waiving contingencies for co-op purchase?

I know the seller currently prefers the cash offer at somewhere between $50 and $150K less. The question is whether I can do anything to make my offer more appealing and also understanding the risk it entails. By waiving financing, I stand to lose a max of $200K only if I can’t get financing, which...
by TropikThunder
Fri Oct 19, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 53
Views: 4848

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

There is a lot of misinformation in this thread. PTO is different than vacation. Vacation is paid out while PTO is not. There may be slight differences depending on locality but this is how is works in most locales. Your experience is not universal. Many employers don't have separate allocations to...
by TropikThunder
Fri Oct 19, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 53
Views: 4848

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

In reality, I think if they pay out PTO for some people but not others, they open themselves up to a lot of liability. So even if technically legal, I doubt the vast majority of companies would do something like that. In OP's state (WA), state law explicitly says if they have a policy, it must be a...
by TropikThunder
Thu Oct 18, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: Why dismiss sectors?
Replies: 31
Views: 1638

Re: Why dismiss sectors?

In general it seems like sectors are dismissed on this forum for simplicity's sake, and secondarily because the common belief here is that market weighting is efficient and will produce optimal returns. Personally I do buy Vanguard's sector ETF's to 'balance' (in my opinion) my portfolio . S&P 500 ...
by TropikThunder
Wed Oct 17, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Best way to complain about Hertz bait-and-switch?
Replies: 53
Views: 4900

Re: Best way to complain about Hertz bait-and-switch?

To be fair, car companies are one of the few remaining places where you can make a non-binding reservation with zero penalty. You don't even have to cancel...just refrain from showing up and you'll never hear from them again . I'm not sure that business model is sustainable, but it's how it is toda...
by TropikThunder
Wed Oct 17, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10766

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

So if I buy a share of Petróleo Brasileiro S.A.—Petrobras—a semi-public Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro, Brazil, I’m not transferring my wealth to the Brazilian government? Really? Where does the money go? It goes to the person you bough...
by TropikThunder
Wed Oct 17, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: Buyers commission on a condo purchase
Replies: 29
Views: 1750

Re: Buyers commission on a condo purchase

The $400 is probably the Broker Admin fee. This a fee that goes to the Brokerage to cover admin support plus just general office expenses . (Ours is $499). I will waive the fee for the client, and pay it myself, for larger sales. Like staples, paper clips and coffee creamer? Sounds like the doc fee...
by TropikThunder
Wed Oct 17, 2018 1:37 am
Forum: Personal Consumer Issues
Topic: Help: Potential car lease fraud?
Replies: 6
Views: 1170

Re: Help: Potential car lease fraud?

The typical car lease is 2-3 years, so if it’s about to end that means it was opened that long ago. You’ve checked your credit since then, right?
by TropikThunder
Wed Oct 17, 2018 1:31 am
Forum: Personal Consumer Issues
Topic: Maserati Experiences
Replies: 47
Views: 5349

Re: Maserati Experiences

DJN wrote:
Wed Oct 17, 2018 12:38 am
Who needs German mechanical complications.................and maintenance costs.
Italian cars haven’t historically survived long enough to need maintenance, so there’s that.
by TropikThunder
Tue Oct 16, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10766

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

As a US citizen, I see no point in giving my investment money to foreign companies, located in countries whose political structure/belief systems I don’t agree with or whose regulatory structures may not be robust. --------------------------------------------- Investing in international funds just ...
by TropikThunder
Sat Oct 13, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5387

Re: Weigh in on our Marital Argument =)-- HCOL edition

If it were me, I'd look at row houses where you could convert the basement into an AirBnB guest suite and then just block out the dates for when your parents come to visit. As your kids get a bit older, put them to work maintaining the AirBnB. It would be a nice little educational job for a middle ...
by TropikThunder
Sat Oct 13, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 282
Views: 43355

Re: New HSA provider Lively offers investments for $30/yr fee

Has anyone actually withdrawn money from Lively? Say, using your account to pay current medical expenses? Is it a smooth process? I have only seen posts of people putting money in. They have a Visa debit card (like most if not all HSA's) so I imagine it would be seamless as long as you have money i...
by TropikThunder
Sat Oct 13, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 282
Views: 43355

Re: New HSA provider Lively offers investments for $30/yr fee

Here is a good site to compare HSA's: https://thehsareportcard.com . I'll be rolling over my wife and my HSA's to Avidia Bank. They waive the $2.50/Mo investment fee if the avg monthly balance is greater than $3,000, so I should have no fees at all. A bit weak on investment options, but having VFIA...
by TropikThunder
Fri Oct 12, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Just Divorced -- Need Help [looking for new credit card]
Replies: 72
Views: 6626

Re: Just Divorced -- Need Help

Go incognito on your browser. Go to americanexpress.com and then check out the Amex Everyday and see if you get the 25,000 bonus point offer with a 0% balance transfer for 12 months. It fits your needs and Amex will approve just about anyone. If you don't get it, clear your cookies and/or try anoth...
by TropikThunder
Fri Oct 12, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Manufacture income, claim electric vehicle credit
Replies: 3
Views: 326

Re: Manufacture income, claim electric vehicle credit

Thegame14 wrote:
Fri Oct 12, 2018 3:16 pm
can she change her withholdings for rest of the year?
That will affect how much tax is withheld, not how much tax will be due.
by TropikThunder
Fri Oct 12, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Website article on lawsuits over hospital balance / surprise billing
Replies: 56
Views: 2315

Re: Website article on lawsuits over hospital balance / surprise billing

They tried to take advantage of me while I was at my most vulnerable, despite assuring me 2 hours before the procedure that there would be no financial surprises. I even made the clueless admin, who took my pre-payment in full, initial on the contract where I wrote in that I did not consent to care...
by TropikThunder
Fri Oct 12, 2018 12:19 am
Forum: Investing - Help with Personal Investments
Topic: [JP Morgan] Target Retirement 2025 - CRAZY ?!?!
Replies: 17
Views: 2251

Re: Morgan Stanley Target Retirement 2025 - CRAZY ?!?!

And yet, it has outperformed Vanguard Target Retirement 2025 since inception? https://www.portfoliovisualizer.com/fund-performance?s=y&symbol=JNSIX&benchmark=VTTVX&endDate=10%2F11%2F2018 That's not a fair comparison. OP didn't say which share class his friend has (there are 7 with ER's ranging from...
by TropikThunder
Thu Oct 11, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Mold on inspection, need advice
Replies: 30
Views: 2244

Re: Mold on inspection, need advice

Thanks for the replies. Ceiling mold is on the first floor and there is a bathroom directly above it. Area of mold is about 6 ft, and involves upper surface of the ceiling drywall and the adjacent rafters. Most of the advice (which you haven’t responded to yet) assumes this is a house you’re lookin...
by TropikThunder
Wed Oct 10, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: 5 ways target-date funds let investors down
Replies: 38
Views: 3442

Re: 5 ways target-date funds let investors down

Why is anyone part of this community and still reading your general finance articles. We all should know that it is all a bunch of BS with scare tactics. Everything is bad all the time if you read the news and main stream finance reports.. BTW, I feel that there will be a 73% crash in the future.. ...
by TropikThunder
Tue Oct 09, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can we safely retire early?
Replies: 18
Views: 3290

Re: Can we safely retire early?

There are people here who will say that even 100% success rate is not good enough, because the calculators are using rosy assumptions. *If* Obamacare goes away it will likely be replaced by “skinny”, catastrophic plans that still would cover the worst case scenarios. And coverage for pre-existing c...
by TropikThunder
Tue Oct 09, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5128

Re: can i start a private investment firm?

I also want to start my own Merger & Acquisition Firm but I have no interest in getting admitted to Wharton for MBA program or anything like that stupid stuff. I know I can make more money that way than starting my own hedge fund. Do I need to start a new topic (but it is too much work to start a n...
by TropikThunder
Tue Oct 09, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Can CD interest be LTCG?
Replies: 2
Views: 368

Re: Can CD interest be LTCG?

I am in the 12% tax bracket so I am exempt from LTCG to the extent that I remain in the 12% bracket. I get a 1099 from my bank and pay income tax on my CD interest. After all, CD interest is "interest" not "capital gain", but if I were to buy a 2-year CD, and set up with my bank to credit the coupo...
by TropikThunder
Fri Oct 05, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 75
Views: 8991

Re: 20 countries where 200K in retirement savings will last you decades

I'd consider Portugal. I lived in Belgium for years and living in Europe is a blast. You can fly anywhere in EU in under 2 hours. Some countries are better than others if youre not going to learn other languages. Living in Malaysia (KL, Penang) is easy as English is widely spoken. Good point. Lots ...
by TropikThunder
Thu Oct 04, 2018 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Fund HSA from SEP-IRA (or IRA, or Roth IRA)
Replies: 7
Views: 531

Re: Fund HSA from SEP-IRA (or IRA, or Roth IRA)

To be clear, we've always been self-employed. But we don't fund the SEPs anymore, now that we've switched to Vanguard 401k. So I think that means we would qualify. That means you were essentially both employer and employee while the SEPs were active, but you are correct, they are no longer "ongoing...
by TropikThunder
Thu Oct 04, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: Still working after age 65, have employer furnished BC/BS Must I sign up for Medicare?
Replies: 7
Views: 744

Re: Still working after age 65, have employer furnished BC/BS Must I sign up for Medicare?

I originally posted this question as part of another thread. It was suggested that I start a new separate thread: I'm going to be 65 in January and have been on Social Security since age 62. I am working and will continue to work (earning $15,000/yr) past age 65 for an employer with more than 20 em...
by TropikThunder
Thu Oct 04, 2018 10:07 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 13496

Re: Correlation between the FIRE movement and one of the greatest bull markets

Upon further reflection, I think the ACA is only a minor factor. There are many FIRE blogs from Europe and other countries where worrying about how to pay for health insurance is not a concern. You mean Western European countries with universal healthcare? Yes. If one is looking for examples of fol...
by TropikThunder
Thu Oct 04, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 13496

Re: Correlation between the FIRE movement and one of the greatest bull markets

bhsince87 wrote:
Thu Oct 04, 2018 9:34 pm
Upon further reflection, I think the ACA is only a minor factor.

There are many FIRE blogs from Europe and other countries where worrying about how to pay for health insurance is not a concern.
You mean Western European countries with universal healthcare?
by TropikThunder
Thu Oct 04, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience changing TD Ameritrade Brokerage Account Settlement Fund?
Replies: 10
Views: 651

Re: Anyone have experience changing TD Ameritrade Brokerage Account Settlement Fund?

Hello, this is directed towards past or present TD Ameritrade customers who might be able to help. Fiance has a brokerage account there and it seems her only settlement fund options appear to be insured deposit accounts that pay neglible interest. It'd be nice to have something that yields more, we...
by TropikThunder
Thu Oct 04, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3278

Re: HELOC to Pay off Mortgage

There's a few Credit Unions still offering <3% HELOC rates for 12 months. And when the 12 months expire, roll into another HELOC at another institution as a similar rate. Rinse, repeat, until those promo rates expire. Hopefully you've paid it in full before they do. Right, because how hard can it b...
by TropikThunder
Mon Oct 01, 2018 2:37 pm
Forum: Personal Consumer Issues
Topic: Airline shortened layover
Replies: 17
Views: 1355

Re: Airline shortened layover

Our schedule is relatively flexible since it is the return flight. I did place a call to Icelandair and they assured me 45 minutes is enough since it is a small airport (assuming the flight is on time). There is another flight about three hours later (from Reykjavik to the US) but they wouldn’t mak...
by TropikThunder
Mon Oct 01, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: When the $2000 deductible bites you in the rear end!
Replies: 30
Views: 4153

Re: When the $2000 deductible bites you in the rear end!

michaeljc70 wrote:
Mon Oct 01, 2018 9:35 am
There is no law that you have to give someone your insurance information. People pay cash all the time, especially for small fender benders.
What would you do if someone caused an accident and refused to give you their insurance information?
by TropikThunder
Mon Oct 01, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: When the $2000 deductible bites you in the rear end!
Replies: 30
Views: 4153

Re: When the $2000 deductible bites you in the rear end!

Did you file a claim? Did the other people? I ask because if you pay out of pocket without filing a claim, it won't affect your insurance premiums or ability to change insurers. If you filed a claim, even if they payout nothing, it is still a claim. I'm not saying you shouldn't have used your insur...
by TropikThunder
Thu Sep 27, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - Private mortgage on investment property
Replies: 8
Views: 594

Re: FAFSA - Private mortgage on investment property

I don't see any issues to worry about. You have to count your investment property as part of your assets no matter where the loan comes from. I think the only concern would be whether the "family" mortgage could still be used to offset the investment property value like a bank morgage would (mortga...
by TropikThunder
Thu Sep 27, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to charge much higher than Credit Card Limit
Replies: 39
Views: 3466

Re: How to charge much higher than Credit Card Limit

I like your plan. I'm not really understanding the replies you're getting that it won't work. I've often prepaid my credit card so I can utilize a higher limit. I've never done it 20 times over 3 months, though. If the miles value work out in your favor, I'd say do it. If the others here are right,...
by TropikThunder
Thu Sep 27, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Payoff - Does disbursement date matter?
Replies: 2
Views: 287

Re: Student Loan Payoff - Does disbursement date matter?

I am paying extra on a few federal loans that are at 6.55%. The disbursement dates range over a few years, but I didn't pay anything on those until after graduation, at which point I paid down the accrued interest to prevent it from capitalizing. My question is, assuming that these loans all have t...
by TropikThunder
Wed Sep 26, 2018 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell or rent my house?
Replies: 22
Views: 1887

Re: Should I sell or rent my house?

When the mortgage company finds out that the house is no longer owner occupied, and calls the note, where will you come up with the money to pay off the loan? Or do you plan to disclose to the mortgage company that you plan to convert the house to a rental and renegotiate the mortgage? Either way, ...
by TropikThunder
Tue Sep 25, 2018 11:21 pm
Forum: Investing - Theory, News & General
Topic: Exactly how do index funds work?
Replies: 15
Views: 1825

Re: Exactly how do index funds work?

For most bond index funds, there is very significant turnover of the holdings. While technically true, this is a little misleading. An intermediate bond fund (like Vanguard's BIV/VBIIX) tracks the Bloomberg Barclays U.S. 5–10 Year Government/Credit Float Adjusted Index. They buy bonds with 10 years...
by TropikThunder
Fri Sep 21, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires
Replies: 24
Views: 1865

Re: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires

Yes, it is legal. Healthcare is a voluntary benefit, they could just cancel it if they wanted. I'll bet language to that effect is in your employee handbook. Now if you had a contract...or better, a union negotiated contract...then you might have some protection. (There was a post a while back by s...
by TropikThunder
Thu Sep 20, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Kid's school brought in Wells Fargo to teach them financial literacy today.
Replies: 26
Views: 2034

Re: Kid's school brought in Wells Fargo to teach them financial literacy today.

The old Blood, Sweat & Tears song, "Symphony for the Devil" comes to mind. For those too young to remember, you can read the lyrics and/or listen to it here: https://genius.com/Blood-sweat-and-tears-symphony-for-the-devil-sympathy-for-the-devil-lyrics Over 20 years ago when I was fortunate enough t...
by TropikThunder
Tue Sep 18, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can I reverse a TIRA/Roth IRA distribution and not pay taxes?
Replies: 4
Views: 399

Re: Can I reverse a TIRA/Roth IRA distribution and not pay taxes?

Just wanted to check with the experts here. Is it correct that I can take a distribution from either my TIRA or Roth IRA and have 60 days to return the amount withdrawn back to my TIRA or Roth and not pay tax on the reversed withdrawal? What are the rules regarding this? I need to basically "lend" ...
by TropikThunder
Tue Sep 18, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: How often do cap weighted funds get adjusted?
Replies: 16
Views: 718

Re: How often do cap weighted funds get adjusted?

Also you can review the turnover % for each fund. 100% means the average asset is held 1 year. VT will be awfully close to 0%. An active trading fund could be well over 100%. The last reported turnover rate for VT (last October) was 9.9% . VTI's (US total stock) turnover rate was 3.1%. , and VXUS (...
by TropikThunder
Tue Sep 18, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5542

Re: 401k money missing

I'm curious if you spoke to any other employees. There is strength in numbers, as this board shows. Let us know how you make out. Good luck! Agreed. Many posters (including myself) have prodded the OP to check with co-workers to see if anyone else at the company had been affected but OP hasn’t resp...
by TropikThunder
Sun Sep 16, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 10203

Re: Side Hustle Options/Suggestions.

lighten up johnny law. a lot of people play a lot of games with their taxes. don't worry we pay our fair share. i reffed 4 high school hoop games yesterday. $120 in cash and a lot of exercise. also, we just paid a sizable amount of taxes to the federal and state gov for 3rd qtr taxes. hopefully, ma...
by TropikThunder
Sat Sep 15, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: Index funds - how do they work? Do passive funds reliant on active funds indirectly?
Replies: 15
Views: 1176

Re: Index funds - how do they work? Do passive funds reliant on active funds indirectly?

It seems to me that passively managed funds actually need actively managed funds to exist and are simply piggy backing on all the work done by all the active managers - actively managed funds are effectively subsidizing passively managed funds. This has been discussed ad nauseum here: https://www.g...
by TropikThunder
Thu Sep 13, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Father Wants a Home Mortgage (Bad Credit Score)
Replies: 43
Views: 3210

Re: Father Wants a Home Mortgage (Bad Credit Score)

Thank you to everyone who shared their input. Just to let everyone know that no additional advice is needed. My father successfully found a bank willing to do a mortgage. The only condition was a 2.5% down payment plus closing costs to obtain a mortgage with an APR of 5%. Because he didn’t have eno...
by TropikThunder
Thu Sep 13, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: How would you market cleaning service to AirBnB owners?
Replies: 8
Views: 948

Re: How would you market cleaning service to AirBnB owners?

Would you just click on each listing and send the owner a message? I would absolutely not do this. That's really unhelpful unless you explain why you would not do this. OP, what would your cleaning person charge? In my area (Seattle) a typical itemized cleaning fee on AirBnB is only in the $25-35 r...
by TropikThunder
Thu Sep 13, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card advice
Replies: 22
Views: 1416

Re: Credit card advice

I’ve never had a hard pull arise from a credit limit increase with an existing credit card (Capital One, Citi, Chase). In fact, each company had a FAQ that specifically says they do not do a hard pull for a credit limit increase.
by TropikThunder
Tue Sep 11, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5542

Re: 401k money missing

Mistake happens. Talk to HR. First, I think they probably violated some rules. See https://pocketsense.com/long-employer-deposit-401k-match-8647925.html At my employer, they made a mistake and they made whole by depositing additional fund to compensate the missing out of the stock market gain. How ...
by TropikThunder
Tue Sep 11, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5542

Re: 401k money missing

Help! I recently found out contributions to my 401k are being taken out of my paycheck but the money is never making it into my 401k. My employer has not deposited my 401k contributions at all for 2018. Any suggestions on how to approach my employer regarding this missing money and the missing inte...