Search found 5048 matches

by Nate79
Mon Nov 11, 2019 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: OB/GYN Prepayment?
Replies: 18
Views: 904

Re: OB/GYN Prepayment?

This is very common. We had this a few years ago and was required if you wanted to do business with the group of doctors my wife had selected. It's to prevent people who don't pay their bills from stiffing the doctors out of payment which is a huge issue with people on HDHP plans. In the end if you ...
by Nate79
Mon Nov 11, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Changing health insurance mid-year
Replies: 2
Views: 266

Re: Changing health insurance mid-year

I'm thinking about moving to Arizona, and i'm trying to think through everything before i make a decision. Right now, i'm with a Kaiser HSA plan. It looks like the best ACA provider in Arizona is Cigna. They do not offer an HSA plan. I understand that if i move mid-year from an HSA plan to a non-HS...
by Nate79
Sun Nov 10, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 143
Views: 7802

Re: Saving seats on Southwest

I don't fly SW anymore mainly due to their stupid seating policy and the scumbag morally defunct flyers who think saving seats is ok even when blatantly against the rules.
by Nate79
Sun Nov 10, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 117
Views: 9559

Re: Seller's agent not letting us use a buyer's agent

I don't understand why you blatantly lied to the sellers agent. Perhaps if you want the house bad enough with your agent you should pay your own agent a commission yourself.
by Nate79
Sun Nov 10, 2019 3:16 pm
Forum: Personal Investments
Topic: Need advice on maximum IRA contributions - possible oops!
Replies: 8
Views: 421

Re: Need advice on maximum IRA contributions - possible oops!

The maximum IRA contribution for 2019 is $6000 + $1000 if you are 50+.
by Nate79
Sun Nov 10, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: Underwater Car Loans
Replies: 38
Views: 2244

Re: WSJ: Underwater Car Loans

There are a lot of broke ignorant consumers out there buying cars they can't afford with debt instead of saving and paying cash. But we also have a student loan crisis, credit card debt, etc. At least with mortgage debt there is a serious asset backing the debt that in general appreciates in calue.
by Nate79
Sat Nov 09, 2019 6:29 pm
Forum: Personal Investments
Topic: HSA Question
Replies: 11
Views: 775

Re: HSA Question

If your wife doesn't have an HSA compatible plan then make sure she doesn't contribute to an FSA.
by Nate79
Sat Nov 09, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score vs down payment
Replies: 25
Views: 1493

Re: Credit score vs down payment

Don't take on car debt, especially when you are broke with credit card debt. This is the definition of buying a car you can't afford.
by Nate79
Fri Nov 08, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Capital Gains Taxes on Real Property Sale
Replies: 8
Views: 612

Re: Avoiding Capital Gains Taxes on Real Property Sale

Other than a 1031 exchange, or an investment in an opportunity zone, your only other option is to move back into the house and make it your primary residence for a certain period of time. I thought that the gain during the rental period is still there no matter you move back in the house? Tax exper...
by Nate79
Fri Nov 08, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Capital Gains Taxes on Real Property Sale
Replies: 8
Views: 612

Re: Avoiding Capital Gains Taxes on Real Property Sale

As far as I know your only option is to do a 1031 exchange which delays (not avoids) the capital gains. Otherwise you are going to have capital gains and depreciation recapture as I'm sure you are aware.
by Nate79
Fri Nov 08, 2019 12:16 pm
Forum: Personal Investments
Topic: How much is too much in an HSA?
Replies: 51
Views: 4197

Re: How much is too much in an HSA?

$500k for a couple in my mind is maybe the max I would want in an HSA.
by Nate79
Fri Nov 08, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve - Fees Waived?
Replies: 54
Views: 4891

Re: Chase Sapphire Reserve - Fees Waived?

Rental cars can frequently be obtained on discount with AMEX offers. Additionally you can purchase gift cards at a discount for many rental car agencies periodically throughout the year (admittedly Enterprise does not sell gift cards). You would be giving up primary CDW insurance if you used your A...
by Nate79
Fri Nov 08, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Just learned something about HSAs and independent children that I did not know
Replies: 21
Views: 2018

Re: Just learned something about HSAs and independent children that I did not know

Clarice wrote:
Fri Nov 08, 2019 12:00 pm
I don’t understand why you would both be eligible to contribute the family max, $14k, if you are 1 family.
It's a very specific loophole.
by Nate79
Fri Nov 08, 2019 8:37 am
Forum: Personal Consumer Issues
Topic: Is selling trees for lumber Immoral?
Replies: 33
Views: 2645

Re: Is selling trees for lumber Immoral?

Well this thread has degraded rapidly. Poor forest management practices has resulted in extreme risk of forest fire in the West. Man and forest need to live in a balance but this topic is fraught with politics, personal opinions related to extreme ecology, etc.
by Nate79
Fri Nov 08, 2019 7:05 am
Forum: Personal Consumer Issues
Topic: Is selling trees for lumber Immoral?
Replies: 33
Views: 2645

Re: Is selling trees for lumber Immoral?

Get references and go visit properties that the loggers have done recently so you can personally see their work. Sustainable logging is the opposite of immoral.
by Nate79
Thu Nov 07, 2019 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Transfer
Replies: 9
Views: 785

Re: Credit Card Transfer

It does no good unless they have a plan to get out and stay out of debt.
by Nate79
Thu Nov 07, 2019 2:31 pm
Forum: Personal Investments
Topic: MFJ - 2 HSAs - can 1 HSA receive the full family contribution?
Replies: 12
Views: 820

Re: MFJ - 2 HSAs - can 1 HSA receive the full family contribution?

An employer will not allow you to contribute above your plans limits. Meaning if you have a single HSA your limit thru the employer will be the single limit. Nothing stops you from opening your own HSA.
by Nate79
Thu Nov 07, 2019 2:29 pm
Forum: Personal Investments
Topic: Roth Front end fees & Whole Life. Keep or something else?
Replies: 5
Views: 218

Re: Roth Front end fees & Whole Life. Keep or something else?

I would stop doing both. Boy, they really got you didn't they? High fee investments and scammy insurance. The salesmen really made it off with your money.
by Nate79
Wed Nov 06, 2019 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should be I be investing anything in my current situation?
Replies: 19
Views: 1594

Re: Should be I be investing anything in my current situation?

Do you have a plan to get out of debt with a tight budget, beans and rice? I would focus on debt. It doesnt make sense to borrow on a credit card to invest.
by Nate79
Wed Nov 06, 2019 5:48 pm
Forum: Investing - Theory, News & General
Topic: The hidden cost of Fidelity’s ZERO funds
Replies: 66
Views: 5562

Re: The hidden cost of Fidelity’s ZERO funds

It's amazing what level of stupidity can be published online these days.
by Nate79
Wed Nov 06, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: [Removed]
Replies: 2
Views: 387

Re: How to find trustworthy quote comparisons for no cash value lifetime life insurance?

Why can't this person just set aside this chunk of money in a dedicated amount for just this purpose? The insurance company is going to have a big commission, high embedded costs, etc.
by Nate79
Tue Nov 05, 2019 10:51 pm
Forum: Personal Investments
Topic: moving to schwab from morgan stanley advising
Replies: 4
Views: 534

Re: moving to schwab from morgan stanley advising

Unless you plan to manage her money for her or expect to educate her on how to rebalance, etc then she should just use one of Schwabs excellent extremely low cost target date index fund. There is no reason to complicate things that could have many potential risks down the road.
by Nate79
Mon Nov 04, 2019 8:02 pm
Forum: Personal Consumer Issues
Topic: payoff period for viable solar ?
Replies: 17
Views: 885

Re: payoff period for viable solar ?

The payback on our recently installed solar was 5 years which was about the longest that I would have considered in our case where I'm pretty sure we will be in our house for 5 years. So I have little financial risk assuming no added value to the house. The added value to the house is difficult to p...
by Nate79
Mon Nov 04, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy with no car insurance
Replies: 18
Views: 1185

Re: Umbrella policy with no car insurance

Hi all, My son does not have a car (he is licensed). He wants to buy a Personal Umbrella Policy (reasons reserved). We called Geico and they advised that he needs to buy first a Named non Owners Policy before getting issued a Personal Umbrella Policy. The quote for the Named non Owners Policy alone...
by Nate79
Mon Nov 04, 2019 6:11 pm
Forum: Personal Investments
Topic: Whole life insurance. Dump it or other alternatives?
Replies: 21
Views: 1157

Re: Whole life insurance. Dump it or other alternatives?

Goodness. What a horrible product. Stop right now and cancel it.
by Nate79
Mon Nov 04, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy with no car insurance
Replies: 18
Views: 1185

Re: Umbrella policy with no car insurance

Hi all, My son does not have a car (he is licensed). He wants to buy a Personal Umbrella Policy (reasons reserved). We called Geico and they advised that he needs to buy first a Named non Owners Policy before getting issued a Personal Umbrella Policy. The quote for the Named non Owners Policy alone...
by Nate79
Sun Nov 03, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell or Rent my house (Seattle suburb)? Health Issues and Targeting FI in ~10 years
Replies: 15
Views: 1937

Re: Keep or Sell or Rent my house (Seattle suburb)? Health Issues and Targeting FI in ~10 years

Sounds like a horrible rental with pitiful returns. I would sell in a heartbeat, especially to get the homeowners capital gain exclusion.
by Nate79
Sun Nov 03, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best card to complement 2% cash back?
Replies: 27
Views: 3608

Re: Best card to complement 2% cash back?

Any chance you are a Costco or Sam's Club member?
by Nate79
Sun Nov 03, 2019 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Does leasing make sense in this case?
Replies: 45
Views: 2721

Re: Does leasing make sense in this case?

If you are not certain of how long you want to keep a car, a lease can make sense for other reasons. The only time we leased a car, it was because of of a heavily advertised promotional rate. But, we got a lemon. Less than a year into the lease the car developed a rear main seal leak which caused o...
by Nate79
Sun Nov 03, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: Lexus CPO - anyone made a claim? Worth the cost?
Replies: 18
Views: 2391

Re: Lexus CPO - anyone made a claim? Worth the cost?

Clark Howard on CPO cars:
https://clark.com/cars/certified-pre-ow ... cles-cpos/

CPO means nothing, just marketing unless the CPO comes with an extended warranty as part of the CPO program (many don't). And you pay extra for the CPO label anyways.
by Nate79
Sun Nov 03, 2019 8:51 am
Forum: Investing - Theory, News & General
Topic: Tax loss harvesting in M1
Replies: 13
Views: 1624

Re: Tax loss harvesting in M1

The solution is simple. Don't use M1.
by Nate79
Sun Nov 03, 2019 8:49 am
Forum: Investing - Theory, News & General
Topic: How do you explain individual stock risk (idiosyncratic) vs. stock market risk (systematic) in a simple, intuitive way?
Replies: 21
Views: 1201

Re: How do you explain individual stock risk (idiosyncratic) vs. stock market risk (systematic) in a simple, intuitive w

The road is littered with companies that are bankrupt for which everyone thought they were an exceptionally strong company that would be around forever.
by Nate79
Fri Nov 01, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: ACA over the MAGI cliff! does it really matter?
Replies: 10
Views: 1707

Re: ACA over the MAGI cliff! does it really matter?

Assume I'm over the MAGI cliff in 2020, due to some investment returns I may not be able to control. Some possibility it wont happen, in which case I'll be fine (like the last 2 years). I am exploring alternate health insurance policies on the open market. Nothing compelling as of yet. Don't really...
by Nate79
Fri Nov 01, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Better.com for New Home Mortgage? Reliable?
Replies: 13
Views: 1033

Re: Better.com for New Home Mortgage? Reliable?

nobodyukno wrote:
Fri Nov 01, 2019 11:53 am
Received a response from the seller's realtor. They won't take an online lender.

Anyone run into situations like this?
I have never heard of a seller telling the buyer who they can and can't use as a lender. That is a huge red flag in my book.
by Nate79
Fri Nov 01, 2019 7:55 am
Forum: Personal Investments
Topic: Inexperienced investor needing help with $1+ million portfolio
Replies: 23
Views: 4757

Re: Inexperienced investor needing help with $1+ million portfolio

1. Pay off mortgage today
2. Use the target date funds in your 401k

Simplify life and move on. Way too much complexity in your portfolio and the responses from the posters.
by Nate79
Thu Oct 31, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Better.com for New Home Mortgage? Reliable?
Replies: 13
Views: 1033

Re: Better.com for New Home Mortgage? Reliable?

We used better.com for a refi. Went great, no issues. System and people great to work with. Everything done online and they were quick to review everything. Edited to add: we previously used Quicken Loans for home mortgage purchase and the process was all online and very simple. There is zero reason...
by Nate79
Thu Oct 31, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6401

Re: [Just got married] Looking for ways to cut down on my budget

It's nice to try and cut a budget but the problem is also on the income side. Someone with such horribly large student loans should be making much more than $60k else they exceedingly wasted their money on an expensive education. I would work on increasing that income significantly.
by Nate79
Thu Oct 31, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6401

Re: How do people live on an average household income of 60K? Looking for ways to cut down on my budget

To answer the thread title families who live on $60k per year have much less house, much less cars, don't take international vacations, hopefully don't have the significant debt load that you have, don't put their kids in expensive childcare, don't save much, etc.
by Nate79
Wed Oct 30, 2019 10:04 pm
Forum: Personal Investments
Topic: How to keep Cost Basis on ETF swap?
Replies: 7
Views: 645

Re: How to keep Cost Basis on ETF swap?

It is my understanding that the IRS allows you to swap similar Funds/ETFs and maintain the old cost basis. I have some SPY (from pre-Bogle days) that I would like to convert to VOO and keep the existing cost basis to avoid the capital gains tax (SPY is up on average 48% in taxable portfolio). 1. Am...
by Nate79
Wed Oct 30, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: AMEX Platinum Card - Review?
Replies: 47
Views: 2804

Re: AMEX Platinum Card - Review?

The other hoop that annoys me with AMEX is that you need to pre-select an airline for the $200 incidental credit. I fly several airlines and it's difficult to guess which one I'll accumulate $200 in luggage fees or upgrade charges in a given year. For now $50 delta gift cards bought from computer (...
by Nate79
Wed Oct 30, 2019 10:51 am
Forum: Personal Investments
Topic: Afraid to take the leap
Replies: 42
Views: 5076

Re: Afraid to take the leap

If you think like this you will never invest. There is always some reason that the market is ready to crash.
by Nate79
Wed Oct 30, 2019 9:39 am
Forum: Personal Consumer Issues
Topic: Ford Expedition - possible lemon claim and what to do?
Replies: 32
Views: 1752

Re: Ford Expedition - possible lemon claim and what to do?

Every state has different and specific lemon law rules. Most don't require an attorney. Just follow the rules but expect the manufacturer to fight it.
by Nate79
Tue Oct 29, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance $120k student loans before or after marriage?
Replies: 32
Views: 1850

Re: Refinance $120k student loans before or after marriage?

Get married then pay off all the debt. At your income there is no reason to hold debt like this.
by Nate79
Tue Oct 29, 2019 5:20 pm
Forum: Personal Investments
Topic: [Employer Retirement Plan Change]
Replies: 49
Views: 4370

Re: [Employer Retirement Plan Change]

Congrats on the switch to Fidelity.
by Nate79
Tue Oct 29, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: Is it normal for a contractor to require 50% payment up front?
Replies: 52
Views: 3693

Re: Is it normal for a contractor to require 50% payment up front?

Yes it is common. I would focus on the quality of the company, check references. Putting on a credit card is fine but won't really protect you in any way - they will slap a contractors lien on your house.
by Nate79
Mon Oct 28, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tapping Retirement Savings to Purchase a House
Replies: 23
Views: 1789

Re: Tapping Retirement Savings to Purchase a House

You can't afford the house on your income. Even worse another way to look at it is it would take practically all of your life savings to pay off the home completely. Meaning at your age you effectively have a house and no savings or savings and no house (ie huge mortgage).
by Nate79
Mon Oct 28, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4493

Re: bipolar/alcoholic/broke/jail time - how to move forward financially?

Dave Ramsey. This. Wrong. The OP's relative has a medical condition which can lead to uncontrolled bouts of spending. Make no mistake, it's a disease and no amount of FPU is going to address it. I had a relative with the condition and as the other poster alluded, only a court-ordered guardianship w...