Search found 1537 matches

by flamesabers
Fri Dec 08, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4115

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

Sorry.. this makes no sense to me as I stated earlier as a nerd engineer. It could possibly be as simple as the lenders having a policy that says if applicants doesn't have a certain type of income then they won't get any type of loan. Even if the variable self-employment income isn't the dealbreak...
by flamesabers
Fri Dec 08, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4115

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

Adding background information.. Family friend is >60 years old.. and has done antiques for many years... income goes up and down, and no.. if selling Antiques went south... he would not have other options to "earn" income. So.. you have assets, Not all assets are the same. There's a world of differ...
by flamesabers
Fri Dec 08, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Which is the lesser evil? (Regarding deductibles & coinsurance)
Replies: 14
Views: 513

Re: Which is the lesser evil? (Regarding deductibles & coinsurance)

niceguy7376 wrote:
Fri Dec 08, 2017 4:13 pm
QuestionEverything wrote:
Fri Dec 08, 2017 3:26 pm
I have only had an HSA account once. I was not with that company for long so maybe the reason why they told me I had to use everything I had in the account by the end of the year is because I was leaving the company?
That is wrong info.
It sounds more like an FSA, not an HSA.
by flamesabers
Fri Dec 08, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4115

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

To clarify: He has discussed new mortgage options and feedback from banks is the same.. your income is too low, regardless of value of property. Again... I find this odd.. if his credit score was suspect, or he had multiple bankruptcies.. I might understand. But.. his credit history is excellent.. ...
by flamesabers
Fri Dec 08, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Which is the lesser evil? (Regarding deductibles & coinsurance)
Replies: 14
Views: 513

Re: Which is the lesser evil? (Regarding deductibles & coinsurance)

QuestionEverything wrote:
Fri Dec 08, 2017 3:08 pm
Do you still have to use the money in the HSA by the end of the year?
No, an HSA isn't like an FSA. The money can rollover from year to year. In fact, some people end up using an HSA like a stealth IRA.

https://www.bogleheads.org/wiki/Health_ ... ithdrawals
by flamesabers
Fri Dec 08, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: National Pearl Harbor Remembrance Day
Replies: 19
Views: 1029

Re: National Pearl Harbor Remembrance Day

I actually heard President Roosevelt's speech on the radio while I was in my room at Riverside Military Academy in Georgia. It was especially ominous for me, a 12th grade senior, because I knew it probably meant I would soon be drafted into the military -- which is what happened (I subsequently vol...
by flamesabers
Fri Dec 08, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Which is the lesser evil? (Regarding deductibles & coinsurance)
Replies: 14
Views: 513

Re: Which is the lesser evil? (Regarding deductibles & coinsurance)

The only plan that says it is eligible for an HSA is plan 1. In that case I think plan #1 is the winner (or lesser evil of the four plans). At least with an HSA you'll be able to set aside some money in a tax-advantaged account in the event your family requires a lot of medical care during a calend...
by flamesabers
Fri Dec 08, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Active duty family allocation advice please
Replies: 6
Views: 512

Re: Active duty family allocation advice please

Right now we have been socking away just over 1k a month into the Roth TSP. TSP has ~$30k. Although we have been maxing the TSP, I'm wondering if this is the best move for us. At your tax bracket, Roth contributions are a good choice. If you get into the 25% bracket or higher, you may want to switc...
by flamesabers
Fri Dec 08, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Have been sitting out, and ready to invest the Bogle way
Replies: 18
Views: 2160

Re: Have been sitting out, and ready to invest the Bogle way

Welcome to the forum! :beer 1. Nobody knows for certain how bonds (or any other part of the market) will perform in the future. If you want to hold bonds, go ahead and include bonds in your portfolio. You're investing for the long-term after all. Market timing and performance chasing aren't a feasib...
by flamesabers
Fri Dec 08, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Do you have any guilty pleasure investments?
Replies: 49
Views: 2415

Re: Do you have any guilty pleasure investments?

Maybe it's because I'm not financially independent, but I don't have any guilty pleasure investments.
by flamesabers
Fri Dec 08, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Which is the lesser evil? (Regarding deductibles & coinsurance)
Replies: 14
Views: 513

Re: Which is the lesser evil? (Regarding deductibles & coinsurance)

I would say plan 2 is the worst of the lot since it has the highest OOP maximums. How big are the differences in premiums between the three plans? If it's significant, I would say go with plan 1, since it has close to the same OOP maximum as plan 3. If it's relatively close, I would suggest going wi...
by flamesabers
Fri Dec 08, 2017 9:59 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 34
Views: 3437

Re: Why is Vanguard switching all accounts to brokerage accounts?

One potential advantage is, at least as I understand it, the separate mutual fund accounts do not get protected under SIPC https://www.sipc.org/ I think the topic of SPIC has been covered before in the brokerage upgrade threads. My understanding is that brokerage accounts are subject to more risk, ...
by flamesabers
Fri Dec 08, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Paying taxes with credit card?
Replies: 28
Views: 2585

Re: Paying taxes with credit card?

iflyjetzzz wrote:
Fri Dec 08, 2017 4:26 am
I don't file a state return; all good Bogleheads live in states with no income tax. :mrgreen:
Living in a state without an income tax sounds good on paper, but you're probably getting charged more in property taxes and/or sales taxes. :wink:
by flamesabers
Thu Dec 07, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: SSN on job applications
Replies: 33
Views: 1685

Re: SSN on job applications

Yet, how does a prospective employer make a job offer before checking background/references? Doesn't an employer need to get your consent before doing a background check? I think that would be the ideal time to ask for your SSN or any other such information. For the record though, leaving off the S...
by flamesabers
Thu Dec 07, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5236

Re: What do Bogleheads say when they don't want to spend money?

My dad talks about how much harder it was to say "no" to us as kids and teens once "we can't afford that" wasn't accurate. When he was growing up and while I was very young, "we can't afford that" was the simple end of any pleading or arguing we tried to do to get a toy/McDonald's/whatever. Once th...
by flamesabers
Thu Dec 07, 2017 3:12 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 51
Views: 6123

Re: I-Bonds?

Why not 100% of emergency funds ? I would say for the same reason why it's not recommended to have only one credit card or have credit cards with only one bank. If you ever need to use your emergency funds you don't want it to be when the Treasury Direct website is down for maintenance or you get l...
by flamesabers
Thu Dec 07, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5236

Re: What do Bogleheads say when they don't want to spend money?

I think the question of being able to afford something is very open-ended. I consider it more as a figure of speech then as a statement of fact when it comes to expenses that by itself probably won't break your budget. I usually say something like "it's not worth it to me." Instances of this would b...
by flamesabers
Wed Dec 06, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH 401K funds into plan with only 401K option
Replies: 5
Views: 272

Re: ROTH 401K funds into plan with only 401K option

My question is about what becomes of the after-tax ROTH 401K funds when they move over into the new plan that has a pre-tax 401K option? How are those funds now handled in a plan that has no ROTH 401K option for them to transfer directly into? My guess would be that the plan administrator would req...
by flamesabers
Wed Dec 06, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10210

Re: Price of haircut?

I have been buying the great clips promotion in December every year. I still have many more $9.99 haircuts on my card as my hair is showing age and i need less visits per year. I paid for $120 two years back and $60 last year and I get $9.99 haircuts out of them. $2 tip extra every time. This year ...
by flamesabers
Wed Dec 06, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: Work from Home Jobs
Replies: 21
Views: 2742

Re: Work from Home Jobs

raamakoti wrote:
Wed Dec 06, 2017 12:09 pm
She is not much of a driver, only drives for things which are in 10 mile radius and she never steps on highways.
Would public transit be a possibility for her to get to/from work everyday?
by flamesabers
Wed Dec 06, 2017 2:15 pm
Forum: Personal Consumer Issues
Topic: Cat sitter info
Replies: 21
Views: 986

Re: Cat sitter info

Ideally, you'd choose someone you know -- preferably another cat owner. When I had a cat, I had a deal with one of my neighbors; I'd take care of her cat when she was gone, and she'd take care of ours when we were gone. This is what I did when I traveled. I would not trust anyone that I did not kno...
by flamesabers
Wed Dec 06, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5548

Re: Mortgage as percentage of take-home pay

This seems to follow the mindset of buying a car based on minimizing the monthly payment. You can tweak loan parameters to get any answer you want, but to what end? Think long term not short term. +1. I don't think your housing cost to take-home pay will necessarily make or break your financial hea...
by flamesabers
Wed Dec 06, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 5548

Re: Mortgage as percentage of take-home pay

I see it as more of a guideline then as an unbreakable rule. For instance, it shouldn't be used as a rationale for buying a more expensive house then what is sensible for you. Also, if you're suddenly unemployed, had your hours cut, or otherwise working a temporary job, then obviously your mortgage ...
by flamesabers
Wed Dec 06, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: Boglehead's approach to holiday gift giving?
Replies: 4
Views: 364

Re: Boglehead's approach to holiday gift giving?

I set a budget for my holiday shopping: no more then $20 per person. It's my compromise between my desire to stop gift giving for the adults in the family and the family members who want to continue the gift giving tradition.
by flamesabers
Tue Dec 05, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes with credit card?
Replies: 28
Views: 2585

Re: Paying taxes with credit card?

Derivative wrote:
Tue Dec 05, 2017 3:36 pm
Do you guys pay your taxes with credit card?
I don't, in part because of the nagging concern it will get coded as a cash advance. Plus, I try to break-even versus having to pay in a lot at tax time.
by flamesabers
Tue Dec 05, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 5635

Re: It's that time of year again... buying christmas gifts

I always ask for underwear and socks. That way I don't get any gifts for Christmas. I actually got socks last year, but I did have them on my Christmas list. :D I’m shocked you guys give your boss gifts. I would never give my boss a gift. +1. The way I see it, why would I give a gift to someone who...
by flamesabers
Mon Dec 04, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: Understanding the World of Credit Card "Points"
Replies: 60
Views: 3312

Re: Understanding the World of Credit Card "Points"

I prefer to take advantage of cashback rewards instead of reward points. It's simpler I think and I don't have to worry about the risk of point devaluation.
by flamesabers
Sun Dec 03, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 5106

Re: How do I convince my employees to invest more?

Do not try to convince anybody to invest. This can create bad blood if the investments decline. See if the company that manages your plan has an outreach program. They will send a rep into your business to explain the benefits. They can be very persuasive while keeping you at arms length from the c...
by flamesabers
Thu Nov 30, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9287

Re: Why should I donate to my alma mater?

And as above, I give to my graduate school because I still am quite associated with them and go there weekly, not because I think evaluated independently it is a needy charity with its ~$15 billion endowment. When you're still actively involved with your school, I can understand wanting to contribu...
by flamesabers
Thu Nov 30, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9287

Re: Why should I donate to my alma mater?

From what I am reading in this thread , the only practical reason to donate is if you want to increase the chances of your children getting admission. Even for that, token amounts are not going to cut it. Seems like it needs to be 6 figures... I'm not sure if even that is a practical reason. Would ...
by flamesabers
Thu Nov 30, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9287

Re: Why should I donate to my alma matter?

But even if you paid "full freight", realize that the bill would've been even higher --and the quality of the education poorer--without the philanthropy of your predecessors. If this is the case, I consider it an argument that the faculty of a college is severely lacking with good money management ...
by flamesabers
Thu Nov 30, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9287

Re: Why should I donate to my alma mater?

Interesting how bitter some feel about school. I guess maybe part of why I feel like donating to my graduate school is that it was fully funded and I got a stipend for going :) They don't need the money, but by contributing a modest amount I get the magazine and stay more in touch with things. And ...
by flamesabers
Wed Nov 29, 2017 5:30 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7062

Re: Does it make sense to drop health insurance?

Unfortunately, I don't believe catastrophic policies are legal anymore (or at least you'd be subject to the penalty). I think the deductibles and OOP and a lot of plans now are what used to be considered catastrophic 15 years ago. If they sold a policy with a $50k deductible for a minimal cost, tha...
by flamesabers
Wed Nov 29, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Contribution 2018
Replies: 28
Views: 1553

Re: 401k Contribution 2018

I've the options of contributing entire amount of $18,500 for 2018 towards 401k in lump sum in month of Jan or spread over 12 months. While contributing lump sum has advantage of longer growth period, spreading over 12 months supports the idea of dollar cost averaging. Please advise which method is...
by flamesabers
Wed Nov 29, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9287

Re: Why should I donate to my alma mater?

Once you donate once to any charity they will hit you up every year for eternity. Your alma mater may still solicit you for donations even if you've never made a donation. :annoyed I feel zero guilt about not contributing to more administrative bloat, bigger marquees, fancier dorms, and amazing rec...
by flamesabers
Wed Nov 29, 2017 5:05 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7062

Re: Does it make sense to drop health insurance?

If you have to keep premiums down, you can raise the deductibles. Isn't there limits as to how high the deductibles can be, especially if the OP doesn't have a wide selection of insurance in his area? The deductible for Fred's policy is already $10k. Are there health insurance plans that offer an e...
by flamesabers
Wed Nov 29, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 247
Views: 42969

Re: USAA 2.5% Cash Back Credit Card

Actually its a 1.5% reward with an added 1% if you maintain the required 1K monthly direct deposit. It would not surprise me if they just dropped the extra 1% (which means I'll switch back to my Citi X 2 card for more purchases) USAA already has a card (Preferred Cash Rewards Visa) that offers a fl...
by flamesabers
Wed Nov 29, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 140
Views: 13363

Re: A good friend has nearly $1M in BitCoin what do I tell him?

What would YOU say to convince him, or should I just keep my mouth shut completely? Especially since he's a smart businessman I think he's well aware of the risks he's taking. If he's comfortable taking the risk of losing $10k, I don't think there is anything you can say to convince him to sell his...
by flamesabers
Wed Nov 29, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones trap
Replies: 45
Views: 5159

Re: Edward Jones trap

magicrat wrote:
Wed Nov 29, 2017 10:41 am
Stay out of it unless they ask you for advice. Not your life, not your problem.
+1.

Your sister and brother-in-law are adults who can make their own decisions. So long as they don't try to persuade you to become an EJ customer, I think it's best to avoid the topic of EJ with them.
by flamesabers
Wed Nov 29, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7062

Re: Does it make sense to drop health insurance?

Unfortunately I have more questions then answers for your situation. Have you looked at short-term health insurance as an alternative? Does your wife work? If so, can she get access to health insurance or transfer to a company that offers health insurance? How long will you be going without health ...
by flamesabers
Wed Nov 29, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9287

Re: Why should I donate to my alma matter?

Imagine that you have a degree from a private college that went bankrupt. (I know 4 people for which that is true.) Now it probably does not matter, as they are late in their careers, but it seems strange to list a now non-existent school as your alma mater. Do you feel the same way about listing a...
by flamesabers
Wed Nov 29, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9287

Re: Why should I donate to my alma matter?

I get regular solicitations from both my undergraduate and medical institutions begging for donations. I find them laughable; the cost was exorbitant and continues to rise. Why would I donate money so that they can have a nicer rock climbing wall? +1. Fortunately I don't get frequent solicitations ...
by flamesabers
Wed Nov 29, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7062

Re: Does it make sense to drop health insurance?

Unfortunately I have more questions then answers for your situation. Have you looked at short-term health insurance as an alternative? Does your wife work? If so, can she get access to health insurance or transfer to a company that offers health insurance? How long will you be going without health i...
by flamesabers
Wed Nov 29, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 94
Views: 6030

Re: Interviewing at a former employer, should I give them my current salary when they ask?

To me refusing to answer the question if not handled delicately can be off putting. I agree there is no need to be snide when responding to the question, but just because the employer can ask for it doesn't mean you should disclose your salary amount. Ideally, interviewing should be about determini...
by flamesabers
Wed Nov 29, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9287

Re: Why should I donate to my alma matter?

I graduated 20+ years ago and every year give a token $50-100. I do it mainly to add to their "participation numbers". I have no dreams/plans for my children to attend this school. I also do not keep in touch with any of my classmates, apart from a once every few years meetup... I was on a huge aid...
by flamesabers
Wed Nov 29, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 10983

Re: After financial independence, do you lose motivation for work?

If I ever get to the point that the only reason I work is for the money, I'll lose motivation pretty quickly, FI or not. When I achieve FI and I still enjoy my job, I may cut back to part-time if possible so that it's not a huge transition from working to retiring.
by flamesabers
Wed Nov 29, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 94
Views: 6030

Re: Interviewing at a former employer, should I give them my current salary when they ask?

1) If you don't share your salary, it's pretty obvious that you are underpaid and will get low-balled regardless. If one is well paid, why not share to eliminate low paying employers? How is a refusal to disclose information that is not necessary for the interviewing process an indication of anythi...
by flamesabers
Tue Nov 28, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4162

Re: Job interviewing - "do you have any other interviews or leads?"

I was recently on the other side of the table in a similar situation. We interviewed 3 candidates for a role: one wasn't a good fit, the second one was average, but not a rock star, while the third seemed perfect. We immediately made an offer to the 3rd, who ultimately went to a competitor. We then...
by flamesabers
Tue Nov 28, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question: Inheriting something you aren't supposed to sell
Replies: 22
Views: 2760

Re: Inheritance question: Inheriting something you aren't supposed to sell

Ask them for your sakes not to try to rule from the grave. +1. I see inheritance as a two-way street. Just as the parents have the right to decide how they want to distribute their estate, the children have the right to decide how they want to utilize their inheritance once they have taken ownershi...
by flamesabers
Tue Nov 28, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4162

Re: Job interviewing - "do you have any other interviews or leads?"

I am tempted to call back in a couple days and say that I have another offer and that if they were going to make me an offer, I would need to know in X days. Too risky to do that for a job that I really want? It depends I think. How likely are you to accept the other offer? If it's very probable yo...