Search found 47 matches

by reallyconfused
Thu Aug 10, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 6261

Re: Struggling with Justifying an Expensive Car Purchase

bloom2708 wrote:
Your nickname reminded me of Steve Martin in this video?

https://vimeo.com/41152287

Do you have the cash? :wink:
To answer your question, no but does that mean I can afford it?
by reallyconfused
Thu Aug 10, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 6261

Re: Struggling with Justifying an Expensive Car Purchase

dspencer wrote:
You beat me to it! If this isn't about buying a Tesla then I am completely befuddled and desperate to know what this one of a kind $70k car is.
Great minds think alike. :sharebeer
by reallyconfused
Thu Aug 10, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Justifying an Expensive Car Purchase
Replies: 120
Views: 6261

Re: Struggling with Justifying an Expensive Car Purchase

I would just go ahead and buy the Tesla. :beer
by reallyconfused
Wed Apr 23, 2014 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Annual Exclusion ($14000)
Replies: 9
Views: 1227

Gift Tax Annual Exclusion ($14000)

My wife and I are looking to purchase a new house. We have saved only enough for a 10% down payment and we believe that the housing market will continue its upward movement. My parents have suggested gifting us some money so that we can put down 20% and not have to pay PMI. The question is how much ...
by reallyconfused
Fri Jun 14, 2013 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Good Trust/Estate Attorney in Minnesota?
Replies: 5
Views: 604

Good Trust/Estate Attorney in Minnesota?

I'm trying to find a good trust attorney in Minnesota - preferably in the Twin Cities. Any recommendations?
by reallyconfused
Mon Dec 24, 2012 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request: Newly Married
Replies: 27
Views: 3274

Re: Portfolio Review Request: Newly Married

Sorry, I forgot to ask earlier: Do you and/or your wife receive an employer match in those 401ks? If so, I recommend you edit your "2013 Inflows" part with the roughly the dollar amounts. That is: $17,500 + $x,xxx (match) = $xx,xxx. The final number is what we need for each of you. Also, ...
by reallyconfused
Mon Nov 05, 2012 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Baby Coming - Partial Year PPO / Partial Year HSA?
Replies: 0
Views: 200

Baby Coming - Partial Year PPO / Partial Year HSA?

We are expecting a child sometime in 2013 and I wanted to know if we could chose the PPO plan through our employer until the child is born and then because there's a qualified life event change to the HSA plan and max out the contributions for the rest of the year? I have read some conflicting infor...
by reallyconfused
Thu Oct 11, 2012 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity offers a promotion to bring your money
Replies: 36
Views: 5778

Re: Fidelity offers a promotion to bring your money

Lives oft,

Where can you get 1k and trade vanguard ETFs commission free?
by reallyconfused
Sat Jun 09, 2012 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Where best to shop for real estate investment loan?
Replies: 0
Views: 209

Where best to shop for real estate investment loan?

My siblings, parents and I are thinking of buying a 10 unit apartment building. I've checked the normal places like amerisave and national mortgage alliance and they don't seem too keen on lending for an apartment building. Does anyone have any suggestions? What would the interest rates be for a 30 ...
by reallyconfused
Sun Oct 09, 2011 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: 2011 or 2012 BMW 3 series (buy or lease)
Replies: 42
Views: 6219

Thanks

Wow. I am almost in full alignment with all those that posted. For the record I hate all German cars. My parents owned a Mercedes that was a money pit (over 10k in repairs 1 year). I know the same will happen with my sister's new Bimmer because she really wants the 335 (with all of the HPFP problems...
by reallyconfused
Sat Oct 08, 2011 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: 2011 or 2012 BMW 3 series (buy or lease)
Replies: 42
Views: 6219

2011 or 2012 BMW 3 series (buy or lease)

Our family has historically purchased new Japanese (Honda, or Toyotas) cars and driven them until the wheels fall off. Around 6 years ago my sister was in the market for a new car and said that she wanted to buy a BMW. I convinced her that they are really expensive and she would be better off buying...
by reallyconfused
Wed Jul 20, 2011 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k now a corporate employee - 401k limits?
Replies: 2
Views: 1027

That's very helpful. Thanks for your post mschmitt!

By the way I agree with you - max out the employer 25% on the individual 401k side and put the 16500 on the W2 side for the match.
by reallyconfused
Wed Jul 20, 2011 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k now a corporate employee - 401k limits?
Replies: 2
Views: 1027

Solo 401k now a corporate employee - 401k limits?

Here's the story... Wife was self employed and had a solo 401k. She just accepted an offer with a corporate employer that offers a 401k. 1) Are the 2011 employee deferrals a total combined limit of 16,500 or can she defer 2x 16,500 (16,500 when she was self employed, and 16,500 as a corporate employ...
by reallyconfused
Wed Jul 20, 2011 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity mysmart cash deposits
Replies: 26
Views: 9679

Wow lot's of replies. 1) I absolutely hate Bank of America. I was an ardent supporter, but after I got married they gave me the runaround and there are no B&M branches now that I live in Minnesota. By the way, my Fidelity cash is sitting on a Bank of America balance sheet. I sure showed them by ...
by reallyconfused
Tue Jul 19, 2011 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity mysmart cash deposits
Replies: 26
Views: 9679

just an update for anyone that does a search on this topic. Fidelity just returned my money order - apparently they can't deposit money orders. :roll:
by reallyconfused
Wed Jul 06, 2011 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Tax returns - keep for 7 years? Longer?
Replies: 33
Views: 3646

Tax returns - keep for 7 years? Longer?

I think the IRS website recommends holding onto tax returns for at least 7 years, but they reserve the right to go as far back (longer than 7 years) if they want. Am I reading this correctly? How long do you keep your returns?
by reallyconfused
Tue Jul 05, 2011 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity mysmart cash deposits
Replies: 26
Views: 9679

Excellent advise. Thanks again to everyone!
by reallyconfused
Tue Jul 05, 2011 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity mysmart cash deposits
Replies: 26
Views: 9679

Check for updates...also note that the current iPad version of the software does not have this capability, yet.
by reallyconfused
Tue Jul 05, 2011 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity mysmart cash deposits
Replies: 26
Views: 9679

Thanks to all that responded. I guess I'll go the Money Order route. I'm assuming that Fidelity will have no issues accepting this? It would be awesome if we could use any ATM to deposit cash directly into our accounts. Maybe in 5 years. c.Alvin - if you have a smartphone check out Fidelity's softwa...
by reallyconfused
Tue Jul 05, 2011 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity mysmart cash deposits
Replies: 26
Views: 9679

I wish it was a full suitcase of cash, but it's only $1500. I was thinking of using Fidelity's new iphone feature where you can take a picture to make a deposit....
by reallyconfused
Tue Jul 05, 2011 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity mysmart cash deposits
Replies: 26
Views: 9679

Fidelity mysmart cash deposits

I closed my Bank of America account a number of months ago and opened a Fidelity mySmart Cash account. I recently got some cash as a gift and was surprised that Fidelity cannot accept cash deposits at the local investor center. How can I get this cash deposited into my account without giving the mon...
by reallyconfused
Mon Dec 06, 2010 12:04 am
Forum: Investing - Help with Personal Investments
Topic: Question about my Solo 401(k)
Replies: 11
Views: 1614

I've been contributing to a Fidelity Solo 401k for the past few years. My understanding is that you can contribute the first $16,500 of your net business income (income minus expenses) to the 401k. If you earned $16,500 and contributed $16,500, you would pay any associated self-employment taxes out...
by reallyconfused
Tue Dec 29, 2009 4:22 am
Forum: Personal Finance (Not Investing)
Topic: 30 Yr Fixed 4.875% Take it or Leave it?
Replies: 31
Views: 5226

Image
by reallyconfused
Tue Dec 29, 2009 4:19 am
Forum: Personal Finance (Not Investing)
Topic: 30 Yr Fixed 4.875% Take it or Leave it?
Replies: 31
Views: 5226

Re: 30 Yr Fixed 4.875% Take it or Leave it?

Why are you asking this question if the seller has accepted your sisters offer on the house? If she backs out now she will probably be in default on the purchase agreement for the home which could cause her to have financial problems e.g., pay a penalty to the seller or lose the home and her down p...
by reallyconfused
Tue Dec 29, 2009 4:13 am
Forum: Personal Finance (Not Investing)
Topic: 30 Yr Fixed 4.875% Take it or Leave it?
Replies: 31
Views: 5226

This is why you should be comparing APR and not just the rate. By law, they are required to give you the APR which accounts for all fees etc. When you get all the APRs of the different offers, take the lowest APR as long as you can handle the outflow of cash. If you cannot, take the lowest APR you ...
by reallyconfused
Tue Dec 29, 2009 4:12 am
Forum: Personal Finance (Not Investing)
Topic: 30 Yr Fixed 4.875% Take it or Leave it?
Replies: 31
Views: 5226

Re: 30 Yr Fixed 4.875% Take it or Leave it?

Where does she live? In California, the escrow company prepares or assembles all the paperwork, including the title insurance. Or is your escrow fee a fee charged by the bank but not by the escrow company (if your state uses such a thing)? Whether these fees are high depend on the costs in her stat...
by reallyconfused
Tue Dec 29, 2009 4:08 am
Forum: Personal Finance (Not Investing)
Topic: 30 Yr Fixed 4.875% Take it or Leave it?
Replies: 31
Views: 5226

Re: 30 Yr Fixed 4.875% Take it or Leave it?

Boy, they do seem really high to me, too. Just how many fees can they tack on? $350 to hold her money in an escrow account for perhaps 90 days? What a rip off. And all the other fees (except the interest rate) seem way too high for my taste, too. I'd walk. Thanks Mel I really value your opinion.
by reallyconfused
Mon Dec 28, 2009 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: 30 Yr Fixed 4.875% Take it or Leave it?
Replies: 31
Views: 5226

30 Yr Fixed 4.875% Take it or Leave it?

My sister's offer on a house was just accepted and she asked me if these are good terms and I AM seeking the expert advice on this board. House 400000 Loan 320000 Down Payment 80000 30 yr fixed at 4.875% Do these costs make sense? Some seem too high to me. Closing costs at $3435 ADMIN fee $995 Proce...
by reallyconfused
Sun Nov 08, 2009 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Government Income Fund or PIMCO Total Return?
Replies: 15
Views: 2702

I appreciate everyone's thoughts. I am leaning towards splitting the difference as Paul suggested.
by reallyconfused
Sun Nov 08, 2009 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Bonds - Government Income Fund or PIMCO Total Return?
Replies: 15
Views: 2702

Re: Bonds - Government Income Fund or PIMCO Total Return?

Bonds - Government Income Fund or PIMCO Total Return? confused, Last December you had $30k and it seemed as though you were going to choose a TR fund (as suggested in the Forum). Thanks again retiredjg. I'm planning on pulling the trigger on Laura's option 1 plan. I'll add complexity as i accumulat...
by reallyconfused
Sun Nov 08, 2009 12:58 am
Forum: Investing - Help with Personal Investments
Topic: Bonds - Government Income Fund or PIMCO Total Return?
Replies: 15
Views: 2702

Livesoft I'm assuming your still with PTRAX?
by reallyconfused
Sat Nov 07, 2009 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Government Income Fund or PIMCO Total Return?
Replies: 15
Views: 2702

I guess it comes down to having a "purely" government fund with an implicit lower rate of return but less risk compared to the Pimco fund which has a hodgepodge of different holdings riskier but with higher rate of return.
by reallyconfused
Sat Nov 07, 2009 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Government Income Fund or PIMCO Total Return?
Replies: 15
Views: 2702

Bonds - Government Income Fund or PIMCO Total Return?

I have the following 2 choices in my company 401k. Which one would you choose and why? The Government fund (FGOVX) has an ER of 0.45% Average Maturity as of 10/30/2009 5.2 Average Duration as of 10/31/2009 4.4 PIMCO (PTRAX) has an ER of 0.89% Average Maturity 5.8 Average Duration 4.79 Thanks in adva...
by reallyconfused
Tue Aug 04, 2009 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Charles Schwab 2% card, they interviewed me!
Replies: 35
Views: 7053

Does this card lower one's credit score.

I have read that since this card does not report a credit limit it looks as if you're at 100% utilization which decreases your credit score. Any thoughts?
by reallyconfused
Mon Aug 03, 2009 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Deferring Rental Income - Simple IRA?
Replies: 17
Views: 2736

Your parents can't be paying 43 cents of taxes on every dollar of rental income because the rental property must have some expenses to offset that income (property tax, maintenance, insurance, depreciation etc). I'm not a landlord, but I would assume that those are types of expenses are deductible ...
by reallyconfused
Sun Aug 02, 2009 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Deferring Rental Income - Simple IRA?
Replies: 17
Views: 2736

How exactly are they getting killed by taxes? I would think real estate, especially in California, would be fairly tax-sheltered because of the large mortgage deduction and depreciation charges. If they have no mortgage on the property, they might want to consider getting one. Federal marginal brac...
by reallyconfused
Sun Aug 02, 2009 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Deferring Rental Income - Simple IRA?
Replies: 17
Views: 2736

Deferring Rental Income - Simple IRA?

My parents have a rental property in California and they get killed every year with the taxes. Would they be able to incorporate the rental property, set themselves up as employees and make simple or sep ira contributions? Thereby deferring the income for years.
by reallyconfused
Thu Mar 19, 2009 2:18 am
Forum: Investing - Help with Personal Investments
Topic: Tax-Exempt California General Obligation Funds
Replies: 1
Views: 793

Tax-Exempt California General Obligation Funds

Are there any tax-exempt california funds that contain only general obligations of the state? I've been researching online and I can't seem to find one. I understand that Vanguard has a California Muni fund but it contains everything from BBB to AAA. Thanks in advance.
by reallyconfused
Fri Dec 19, 2008 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help
Replies: 14
Views: 2460

https://stateofmi.csplans.com/csinfo/fundinfo.aspx?cl=MICHIGAN&pl=640001PU&page=investment_informationfundinformationssgatarget9&domain=stateofmi.csplans.com&s=r2kxyzielmjv3q55sjtwmr55&d=7f147e1f7f07314e48c0ed1d0b452e14db694926 Click the link at the bottom for the fund fact shee...
by reallyconfused
Fri Dec 19, 2008 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help
Replies: 14
Views: 2460

https://stateofmi.csplans.com/csinfo/fundinfo.aspx?cl=MICHIGAN&pl=640001PU&page=investment_informationfundinformationssgatarget9&domain=stateofmi.csplans.com&s=r2kxyzielmjv3q55sjtwmr55&d=7f147e1f7f07314e48c0ed1d0b452e14db694926 Click the link at the bottom for the fund fact shee...
by reallyconfused
Fri Dec 19, 2008 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help
Replies: 14
Views: 2460

I found this document for the Comcast 401K that discusses the SSgA funds with some detail. m Does your employer publish at least this much information? If they don't they are incompetent and not acting in the interests of the employees. Note it is not news that neither HR nor general management eit...
by reallyconfused
Fri Dec 19, 2008 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help
Replies: 14
Views: 2460

retiredjg, Laura and pkcrafter thank you all for your posts. I have to admit that I got some advice that I did not necessarily want to hear, but needed to hear. I've made changes and have started saving for my emergency fund. I will liquidate my China ETF and company stock by years end. I wanted a h...
by reallyconfused
Sun Dec 14, 2008 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help
Replies: 14
Views: 2460

Portfolio Help

Ouch...I thought I was doing reasonably well, but apparently I'm pretty clueless. I hoping the wise posters here can guide me. As Laura suggested in a previous post I've apparently made some pretty poor decisions. (Namely not maxing out my 401k but investing in a taxable account) Emergency funds = 0...
by reallyconfused
Sun Dec 14, 2008 7:08 am
Forum: Investing - Help with Personal Investments
Topic: I've created an accounting mess. Keep digging or stop?
Replies: 15
Views: 3331

pjstack wrote:No one seems to have congratulated you on saving $500 per week (if they have, I missed it)!

So, congratulations. You deserve praise.


Well that was nice! I will recall your words of encouragement the next time I'm tempted to by something frivolous.
by reallyconfused
Sat Dec 13, 2008 5:45 am
Forum: Investing - Help with Personal Investments
Topic: I've created an accounting mess. Keep digging or stop?
Replies: 15
Views: 3331

After a few hours of research I seem to have come to an answer regarding cost basis for people that have not sold shares in a particular fund. FIFO (first in first out) is the default cost basis unless you identify specific identification or average cost basis. You MAY change basis from FIFO to spec...
by reallyconfused
Thu Dec 11, 2008 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: I've created an accounting mess. Keep digging or stop?
Replies: 15
Views: 3331

Let me begin by thanking Chip, Laura, sscritic and ppc. I've read previously on this site that unless you elect to sell using specific shares identification by explicitly writing vanguard of your intentions average cost basis is used and you would have to close your account entirely and open a new a...
by reallyconfused
Thu Dec 11, 2008 4:40 am
Forum: Investing - Help with Personal Investments
Topic: I've created an accounting mess. Keep digging or stop?
Replies: 15
Views: 3331

I've created an accounting mess. Keep digging or stop?

I'm single in my late 20s and in March I finished reading "Common Sense on Mutual Funds" by JB. I immediately opened a taxable account at Vanguard and started investing in the TSM. Being extreme natured I dollar cost averaged into VTSMX DAILY! That's right M-F I would put ~$100 into the fu...