Search found 943 matches

by MP123
Tue Jul 16, 2019 10:57 pm
Forum: Personal Consumer Issues
Topic: Letter from Amex - scam?
Replies: 19
Views: 1227

Re: Letter from Amex - scam?

Where are you supposed to return the form to?

If the address is the palace of a certain Prince in Nigeria you'll know it's a scam. :D
by MP123
Mon Jul 15, 2019 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable health insurance plan for seniors
Replies: 4
Views: 612

Re: Affordable health insurance plan for seniors

They should qualify for ACA health insurance although they may not get a subsidy depending on their circumstances and the state.

I think Watty is correct above about being able to buy into Medicare if they're over 65 and don't have enough US work.
by MP123
Sat Jul 13, 2019 5:39 pm
Forum: Personal Consumer Issues
Topic: Standard Car Key Battery Life for Late Model Vehicles
Replies: 27
Views: 1414

Re: Standard Car Key Battery Life for Late Model Vehicles

I'd expect a lot more than 2-3 years. If the supposedly dead ones tested at 3.29v maybe something else is going on? The anti theft systems on these new cars are complex.
by MP123
Fri Jul 12, 2019 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating on an RV
Replies: 37
Views: 1999

Re: Negotiating on an RV

I know the pitfalls. I am looking at how to negotiate and what traps to look for. I feel more comfortable in the car world but have no idea if they will just laugh at me for offering NADA low retail for what they have marked at $119,000 RV. I want to offer $80K. I doubt the dealer would go for that...
by MP123
Fri Jul 12, 2019 10:29 pm
Forum: Personal Consumer Issues
Topic: Why Is Cord Not Included?
Replies: 32
Views: 3830

Re: Why Is Cord Not Included?

Converting to a 4-prong outlet would require pulling a new wire with 4 conductors from the outlet to the breaker panel. This could get expensive....... Yikes. The existing wire, now that I can see clearly, disappears behind the lower cabinets, then, I guess, continues behind the walls of various ro...
by MP123
Fri Jul 12, 2019 9:09 pm
Forum: Personal Investments
Topic: my mom is a "financial advisor"
Replies: 66
Views: 7140

Re: my mom is a "financial advisor"

Go to morningstar website and look at growth of $10k chart vs index/benchmark. Growth of $10k takes into account dividends. The fund suggested is destroyed by it’s index. Bad advice. Hopefully she at least told you to eat your veggies. And you can't really compare growth of $10k charts anyway since...
by MP123
Fri Jul 12, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Would Love Some Guidance On An Umbrella Policy
Replies: 28
Views: 1831

Re: Would Love Some Guidance On An Umbrella Policy

I'm not clear on what risk you are insuring against if you don't own property or drive a car. I doubt you will find an umbrella that will cover malpractice. I can't think of any good reason for you to get this insurance as the chances of something happening which you would be responsible for seem i...
by MP123
Thu Jul 11, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Question
Replies: 14
Views: 1592

Re: Estate Question

I noticed that a couple posters used the term “final distributions” to heirs. Does this mean that an executor could make a partial distribution earlier to the heirs? Let’s say there were two heirs each inheriting 50% of a $500,000 estate. Could the executor distribute a $150,000 to each heir shortl...
by MP123
Thu Jul 11, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much homeowners insurance?
Replies: 16
Views: 1452

Re: How much homeowners insurance?

Find out what amount of guaranteed replacement cost is provided under the policy you select. A 20% increase over the amount shown for Cov A on the policy is typical. For example, if you insure for 500k and have a 20% guaranteed replacement cost limit, you are actually covered up to 600k. Yes. I rec...
by MP123
Thu Jul 11, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating 2019 federal income taxes (to pay in 2020)
Replies: 10
Views: 1072

Re: Estimating 2019 federal income taxes (to pay in 2020)

If you use Turbo Tax, it has a two year comparison form you can print out and use as a guide for next year. I converted the two year comparison form to an Excel spreadsheet. The desktop version also has a "what if" form that lets you try different scenarios and see what your taxes will be. It funct...
by MP123
Wed Jul 10, 2019 10:21 pm
Forum: Personal Consumer Issues
Topic: Why Is Cord Not Included?
Replies: 32
Views: 3830

Re: Why Is Cord Not Included?

Electric or gas?

Either way there are several different plug types especially with 50 amp circuits for electric stoves.

As mentioned you may be able to reuse the old one.
by MP123
Wed Jul 10, 2019 10:00 pm
Forum: Personal Consumer Issues
Topic: Drive to Olympic National Park from Midwest
Replies: 25
Views: 1650

Re: Drive to Olympic National Park from Midwest

Assuming this is a summer trip you'll be just fine. None of the passes on I90 are particularly difficult or hard on cars. In the winter there may be closures and delays with snow though. There are plenty of sketchy roads up in the mountains like you described but you generally have to seek them out,...
by MP123
Tue Jul 09, 2019 9:17 pm
Forum: Personal Consumer Issues
Topic: Pickup truck issue!!
Replies: 39
Views: 2755

Re: Pickup truck issue!!

Looks like it's worth about $15k as a trade optimistically based on kbb.com. Run your real numbers for a better guess and results are usually higher than you'll get in real life. Does it run? If not it may be a tough trade. New trucks especially diesel are shockingly expensive, fixing it might make ...
by MP123
Mon Jul 08, 2019 8:53 pm
Forum: Personal Consumer Issues
Topic: Dealer shows trade-in value much higher to avoid sales tax
Replies: 34
Views: 3535

Re: Dealer shows trade-in value much higher to avoid sales tax

It seems unlikely to me that a car dealer (of all people, lol) is committing tax fraud on your behalf. If taxes were due they would have collected them from you and remitted to the state. That's part of their business. Probably there is some (legal) loophole that they are using to your mutual advant...
by MP123
Mon Jul 01, 2019 9:13 pm
Forum: Personal Consumer Issues
Topic: Wood burning stoves
Replies: 29
Views: 1765

Re: Wood burning stoves

may want to call your home insurer to see how (of if) this could invalidate a homeowners policy....just before you bite into it too hard. Good idea. I've had woodstoves in two houses and in both cases the insurer wanted to be sure it wasn't the only heat source. Presumably they're worried about fro...
by MP123
Fri Jun 28, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Safe Harbor
Replies: 3
Views: 444

Re: IRS Safe Harbor

The quarterly estimated payment you already made will add together with any future quarterly payments for this year and any taxes withheld. As long as that is at least 100% (110% if AGI > $150k) of last years taxes then you're in a safe harbor. The safe harbor rule is definitely something you want t...
by MP123
Tue Jun 25, 2019 10:22 pm
Forum: Personal Consumer Issues
Topic: Favorite mountain lodge destinations in the west?
Replies: 49
Views: 4147

Re: Favorite mountain lodge destinations in the west?

The boat ride to Stehekin on Lake Chelan is spectacular but lodging there is pretty much backpacker stuff. Great if that's what you're looking for. Check the boat schedule times if you're driving up from Portland. Sun mountain lodge in the Methow valley outside of Winthrop is very nice. MIL could e...
by MP123
Tue Jun 25, 2019 9:24 pm
Forum: Personal Consumer Issues
Topic: Favorite mountain lodge destinations in the west?
Replies: 49
Views: 4147

Re: Favorite mountain lodge destinations in the west?

The boat ride to Stehekin on Lake Chelan is spectacular but lodging there is pretty much backpacker stuff. Great if that's what you're looking for. Check the boat schedule times if you're driving up from Portland. Sun mountain lodge in the Methow valley outside of Winthrop is very nice. MIL could en...
by MP123
Mon Jun 24, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Triage in ER - charged $790
Replies: 60
Views: 4372

Re: Triage in ER - charged $790

$790 for a minimal ER visit is a bargain, it could easily be several times that. If it makes you feel better I pay more than that just for unsubsidized HDHP insurance every month. Being mindful of forum rules about diagnosing medical issues I'll just suggest that you consider using other providers s...
by MP123
Sat Jun 22, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5275

Re: Should I buy a condo in Chicago?

Q: When is the best time to plant an oak tree? A: Fifty years ago. The second best time is today. Seriously though, at least on the West coast double digit year over year price increases seem to have slowed a bit. Hard to say what that means for the future but if you're financially ready and plan to...
by MP123
Thu Jun 20, 2019 9:21 pm
Forum: Personal Consumer Issues
Topic: Smoke Alarms with 10 Yr Batteries
Replies: 14
Views: 1234

Re: Smoke Alarms with 10 Yr Batteries

Be aware that there is a small switch on the back that you can use to disable the unit, similar to removing a battery from a traditional smoke detector. However, once you flip the switch it breaks an intricate piece of plastic that prevents you from reinstalling the detector even if you re-enable it...
by MP123
Wed Jun 19, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy went up 166%
Replies: 34
Views: 3446

Re: Umbrella policy went up 166%

It's definitely worth shopping around, I was surprised at the range of prices when I did. Some companies will have a cheaper umbrella but higher underlying coverage so shop your whole package.

Having had a 16 year old driver in the family I can assure you that you don't want to drop the umbrella.
by MP123
Sun Jun 16, 2019 8:43 pm
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1312

Re: User reviews - How do you use them?

I tend to filter and look at the 2 and 3 star reviews (out of 5) because they often have substantive complaints. Then I look for recurring themes and decide if they would be an issue for me. I could care less about the 5 star glowing reviews. In the early days of the internet there was value in othe...
by MP123
Sat Jun 15, 2019 10:34 pm
Forum: Personal Consumer Issues
Topic: Radon levels in home
Replies: 50
Views: 4362

Re: Radon levels in home

Radon is related to geology and soil types, it can be an issue in some parts of the country but not others. I was curious about the levels in our house and got a 48hr test kit from Amazon. Cheap but you have to mail it in after exposing the carbon for 48hrs. I don't recall the exact numbers but they...
by MP123
Fri Jun 14, 2019 9:30 pm
Forum: Personal Consumer Issues
Topic: Health insurance cost containment company
Replies: 23
Views: 1865

Re: Health insurance cost containment company

Have you talked to Cigna? The letter asking about circumstances of your injury is normal so they can figure out if someone else has to pay or if they can subrogate the claim against a party that injured you. I don't know if it would end up in collections if you just ignore it. It seems to me that a ...
by MP123
Mon Jun 10, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Legal question re: HSA for live-in partner
Replies: 2
Views: 240

Re: Legal question re: HSA for live-in partner

You can't use your HSA for her expenses at this point since she isn't a spouse or dependent. But because she isn't your spouse or dependent and is covered by a family HDHP (yours) she can also make a full $7000 contribution to her own HSA. So you two are in a good position now. Once you marry you're...
by MP123
Sun Jun 09, 2019 7:02 pm
Forum: Personal Investments
Topic: Wash sale clarification needed
Replies: 13
Views: 547

Re: Wash sale clarification needed

The simplest, least legalese, least contentious answer is this: It's a "wash sale" if you broker says so. Don't do something that causes your broker to declare a "wash sale" on your tax report. The only thing brokerages are required to report are identical washes, meaning same CUSIP in the same acc...
by MP123
Sat Jun 08, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 9422

Re: Do you carry Umbrella Insurance?

Paul78 wrote:
Sat Jun 08, 2019 9:16 pm

With regarding to renter insurance it simple does not make sense to me because the ONLY people that every come to my apartment are my family and my girlfriend. I doubt either of those parties would try to sue me.
They probably won't but their insurance carriers might. See "subrogation".
by MP123
Sat Jun 08, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: HSA in retirement - whose expenses
Replies: 23
Views: 1497

Re: HSA in retirement - whose expenses

Wonder how many people in this situation have been successful in employer setting up the child HSA. Also what happens after 26? The adult child can no longer contribute but use the funds I assume. The child, if covered by a family HSA-eligible plan and no other health insurance * , would set up his...
by MP123
Wed Jun 05, 2019 10:45 pm
Forum: Personal Investments
Topic: Can S-Corp offer HSA without offering health insurance
Replies: 21
Views: 1240

Re: Can S-Corp offer HSA without offering health insurance

Incidentally, since you presumably don't file a joint return with your girlfriend, are not each other's dependents, but both have family coverage (under her plan) it is quite possible that you both can take the full $7k HSA family contribution/deduction to your respective HSAs. This is one of those...
by MP123
Wed Jun 05, 2019 7:42 pm
Forum: Personal Investments
Topic: Can S-Corp offer HSA without offering health insurance
Replies: 21
Views: 1240

Re: Can S-Corp offer HSA without offering health insurance

Incidentally, since you presumably don't file a joint return with your girlfriend, are not each other's dependents, but both have family coverage (under her plan) it is quite possible that you both can take the full $7k HSA family contribution/deduction to your respective HSAs. This is one of those ...
by MP123
Wed Jun 05, 2019 6:57 pm
Forum: Personal Consumer Issues
Topic: Healthcare
Replies: 8
Views: 1002

Re: Healthcare

Agreed but theoretically, if a person wasn't enrolled in any medical plan, came down with a medical issue and say this occurred a few months prior to the ACA open enrollment period. At that point, couldn't they enroll in an ACA plan and be fully covered from that point on? I am not advocating for t...
by MP123
Tue Jun 04, 2019 10:05 pm
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4786

Re: Are we downsizing too much?

What's the prospective neighborhood like compared to the old one?

Downsizing to a more convenient or preferred location might be worth giving up some space and might live "larger" if there were more amenities closer by.
by MP123
Tue Jun 04, 2019 7:39 pm
Forum: Personal Investments
Topic: Can S-Corp offer HSA without offering health insurance
Replies: 21
Views: 1240

Re: Can S-Corp offer HSA without offering health insurance

If you're covered by your spouse's HSA compatible insurance (family coverage) the two of you can contribute $7000 split up any way you'd like between yourselves. I think the S-corp can contribute to your HSA even if it doesn't provide the qualifying health insurance as long as the contribution is in...
by MP123
Tue Jun 04, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: Healthcare
Replies: 8
Views: 1002

Re: Healthcare

You'd have to wait until open enrollment which is Nov 1 - Dec 15. Those dates are subject to change and have changed in the recent past.
by MP123
Sun Jun 02, 2019 9:30 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2331

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

Maybe rent one for a week or two and take the kids to some National Parks? Just to check it out. I know some people that really enjoy the RV lifestyle and some others that are glad to be done with it. You wouldn't want to to sink $150k into a high end class B and find out it was too small for exampl...
by MP123
Fri May 31, 2019 7:02 pm
Forum: Personal Investments
Topic: Delay Social Security?
Replies: 35
Views: 3423

Re: Delay Social Security?

DKD wrote:
Fri May 31, 2019 6:51 pm
That's money I could be investing or using to reduce my withdrawals from higher taxed 401k savings.
Don't forget you'll be required to take RMDs from the 401k. So one often recommended plan is to spend down your 401k a bit (if needed) while delaying SS and prior to beginning RMDs.
by MP123
Fri May 31, 2019 6:46 pm
Forum: Personal Investments
Topic: Traditional IRA to Solo401k rollover
Replies: 5
Views: 270

Re: Traditional IRA to Solo401k rollover

There has been some discussion in previous threads about asset protection differences between IRAs and i401k. I'm not sure that there are any definite answers and it may depend on your state's laws but there may be differences in how your money is protected in the event of judgments and so on. Conso...
by MP123
Mon May 27, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: Port Townsend-Pacific Northwest
Replies: 33
Views: 2629

Re: Port Townsend-Pacific Northwest

More details about what you're looking for, likes/dislikes, and so on would get you more focused responses. What attracts you to Port Townsend? I can throw in Blaine/Semiahmoo, Anacortes, Friday Harbor, La Connor, and Sequim as being somewhat similar small towns in the area that might also be worthy...
by MP123
Sun May 26, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 134
Views: 10459

Re: House not selling

It's quite possible that you have in fact lost money by only owning the house for three years. Outside of some super hot markets that would not be at all unusual. Ultimately it's only worth what someone else will pay. In my experience you're better off with a substantial price reduction rather than ...
by MP123
Sun May 26, 2019 6:46 pm
Forum: Personal Consumer Issues
Topic: Port Townsend-Pacific Northwest
Replies: 33
Views: 2629

Re: Port Townsend-Pacific Northwest

Port Townsend is a fun little town to visit with a nice touristy downtown. It's reminds me a bit of Friday Harbor. If you're into outdoorsy stuff or boating it would be a great place for you. As mentioned above though it's a long way from anything really urban if you want or need that. Don't underes...
by MP123
Fri May 24, 2019 10:32 pm
Forum: Personal Investments
Topic: Help with my wife's 1099 Retirement and Backdoor Roth
Replies: 7
Views: 323

Re: Help with my wife's 1099 Retirement and Backdoor Roth

In both cases it's 25% of income as the "employer" contribution. more accurately it's 25% of compensation , whether incorporated or not it so happens that it's simpler to state this as 20% of net self employment income in the case of a sole proprietorship You're quite right. The math gets a little ...
by MP123
Fri May 24, 2019 10:13 pm
Forum: Personal Investments
Topic: Help with my wife's 1099 Retirement and Backdoor Roth
Replies: 7
Views: 323

Re: Help with my wife's 1099 Retirement and Backdoor Roth

In both cases it's 25% of income as the "employer" contribution. But the i401k also allows an "employee deferral" of up to $19k, even more if you're over 50. The employer contribution is assuming she's incorporated, 20% if schedule C. And even better it let's you do the backdoor Roth. No reason for ...
by MP123
Fri May 24, 2019 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: American Express lowered my credit limit
Replies: 61
Views: 5059

Re: American Express lowered my credit limit

I have seen reports of that before. It's a risk management thing. How so? What risk are they managing? I have never been late on any payments, and my credit score is very high. The risk that they get stuck with a fraudulent charge exceeding the new lower limit. That risk existed for many years befo...
by MP123
Fri May 24, 2019 9:43 pm
Forum: Personal Investments
Topic: Help with my wife's 1099 Retirement and Backdoor Roth
Replies: 7
Views: 323

Re: Help with my wife's 1099 Retirement and Backdoor Roth

You'd be much better off with a solo 401k than a SEP - IRA, especially if you're planning to do backdoor Roth conversions. For the backdoor you're right about opening a traditional IRA, but then you'd roll it into a Roth IRA. It's completely separate from the 401k but requires that you have no money...
by MP123
Fri May 24, 2019 8:48 pm
Forum: Personal Investments
Topic: Best way to backdoor Roth IRA
Replies: 37
Views: 2924

Re: Best way to backdoor Roth IRA

Silly question but when the funds are settled and available in the traditional ira Vanguard account, would you get an option or a button, convert and then yiu can hit that and convert to roth Ira!? I don't know about Vanguard but at Schwab it is truly that simple. They even keep the contributory IR...
by MP123
Thu May 23, 2019 6:38 pm
Forum: Personal Investments
Topic: Switch from SEP-IRA to solo 401k
Replies: 11
Views: 861

Re: Switch from SEP-IRA to solo 401k

Sorry, I had the terms backwards. You can contribute more to a Solo 401(k) with catch-up contributions once you reach 50. You can also take advantage of a backdoor Roth IRA. I plan on retirement at 50 😂 the backdoor Roth is really why I want to switch to a solo 401k. My current plan is: Keep 2019 v...
by MP123
Mon May 20, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a Solo 401k to roll over a large tIRA
Replies: 9
Views: 527

Re: Opening a Solo 401k to roll over a large tIRA

I don't think you need profit or even income to open the plan, just to contribute to it. Further, section 401(c)(1)(b) says that self employed individuals include those that have ever been self employed so I don't think you need to maintain the business except of course if you want to make contribut...
by MP123
Sun May 19, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k, Plan Administrator EIN question
Replies: 11
Views: 624

Re: Solo 401k, Plan Administrator EIN question

I'm still confused though. The sole proprietor will use his/her EIN for the plan (or get a plan ID and use that), but the administrator must also get a separate EIN even if it's the sole proprietor that has the EIN for his/her business? So, one would have 2-3 EIN's: 1 for business, 1 for administra...
by MP123
Sun May 19, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26091

Re: Selling Home: Demanding Buyer Part 2 (picture)

That service entrance box is mounted in contact with the ground. Completely unacceptable in any area of the country I'm familiar with. But it belongs to the power company so it's their issue. I'd limit the buyers request as worded to $x (where x is maybe $1k) and be done with the place. No one else ...