Search found 88 matches

by Cobra Commander
Sat Feb 03, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Do you live on a budget?
Replies: 65
Views: 3348

Re: Do you live on a budget?

Not really. Obviously we considered our income and expenses when buying a house but otherwise we dont have a budget. We dont buy a lot of stuff and we're naturally relatively frugal so not tempted to buy everything we see.
by Cobra Commander
Tue Jan 30, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Feeling Locked into a Job
Replies: 26
Views: 2969

Re: Feeling Locked into a Job

Does the pension allow you to continue health coverage at the employee rate or in some other subsidized manner? That could be very valuable if you plan to retire early.
by Cobra Commander
Wed Jan 24, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16208

Re: Dear wife quits job and now we are down to 1 income

How much, if any, of that expense is daycare? You could cut that obviously if she stays home. OTOH, daycare slots are scarce in some places so if she is still deciding you may need to keep paying to hold the slot.
by Cobra Commander
Thu Jan 18, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension Vs Higher salary + 401k savings plan
Replies: 35
Views: 3236

Re: Federal pension Vs Higher salary + 401k savings plan

Stan I’d retired just after the ability to convert some SL to creditable time, but had to use quite a bit for surgeries and recovery over the prior few years, and the resultant addition was almost negligible, so I do understand (I’d had over 2k hours of SL before then). But even then, over 2k hours...
by Cobra Commander
Thu Jan 18, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension Vs Higher salary + 401k savings plan
Replies: 35
Views: 3236

Re: Federal pension Vs Higher salary + 401k savings plan

My understanding is that the FDIC, Fed Reserve and possibly the CFPB are on a different pension system so OP could be thinking of one of those agencies which also supports OP's view of the salary being over $200K because those agencies are not on the GS scale.
by Cobra Commander
Mon Jan 01, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 2% 12 month CD expires tomorrow
Replies: 13
Views: 2360

Re: Ally Bank 2% 12 month CD expires tomorrow

Just as an FYI I called them and they said so long as I began the application process prior to the offer expiration I will get the advertised rate even if it takes them a few days to open my account. Ive been meaning to migrate some of my banking from WF to Ally and this gave me a little push.
by Cobra Commander
Sat Nov 18, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: My fafsa has made me an "independent" because I was born before Jan. 1 1995. But im not independent...
Replies: 19
Views: 1691

Re: My fafsa has made me an "independent" because I was born before Jan. 1 1995. But im not independent...

Seems like your mom could just withdraw the money now so you have $0 then she could gift the money back to you at a later time. Since the account is joint the money would be hers to withdraw.
by Cobra Commander
Mon Oct 09, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Private S corp stock
Replies: 6
Views: 445

Re: Private S corp stock

Spirit Rider wrote:
Mon Oct 09, 2017 3:47 pm
How did you invest $140K in the business and are only a < 1% owner. Your less than 1% ownership is not going to get you much of the assets from the sale.
OP says $960k expected from the sale of his portion. Might not be much to you but $960k sounds good to me. :sharebeer
by Cobra Commander
Thu Sep 28, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Help me evaluate job offer. From State DOT to FHWA. How to turn pension into present compensation value?
Replies: 13
Views: 1322

Re: Help me evaluate job offer. From State DOT to FHWA. How to turn pension into present compensation value?

I would consider whether the federal position is a ladder position (i.e. GS-12/13). If it is not a ladder position, you will have to compete for the GS-13 slot. If it is a ladder position, promotion to GS-13 is virtually guaranteed after one year provided you don't screw up.
by Cobra Commander
Sun Sep 24, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 6965

Re: Spouse Money Management

You earn 15x more than her? I earn INFINITYx more than my spouse. We make it work. We are married though. Everything we have is “ours”. I would be more concerned about you making 35k/year than her being in college working part time. Regards, John I thought OP said the $35k was take home which presu...
by Cobra Commander
Sun Sep 24, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 6965

Re: Spouse Money Management

Let's be very clear about this as the thread title "Spouse" confuses the situation. She is your girlfriend and not your wife. And there is a reason for that. You haven't agreed on any long-term goals, dreams, or aspirations. Until that happens, you shouldn't be co-mingling expenses. If you are livi...
by Cobra Commander
Sun Sep 24, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 6965

Re: Spouse Money Management

She should be covering her hopefully modest living expenses with student loans. I can see food being a joint expense you both contribute too because presumably youre eating the same meal.
by Cobra Commander
Fri Sep 22, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: No down payment for home purchase: what is worst-case scenario?
Replies: 39
Views: 2545

Re: No down payment for home purchase: what is worst-case scenario?

In a competitive market your offer will look less attractive for two reasons. First, it suggests you are one financial setback away from having to void the contract or having your financing fall through. Second, if there is an issue with the appraisal coming in a little low you have no room to negot...
by Cobra Commander
Sat Aug 26, 2017 4:17 pm
Forum: Personal Consumer Issues
Topic: Hiring a real estate agent to buy home
Replies: 21
Views: 1915

Re: Hiring a real estate agent to buy home

I prefer to use a discount broker that will rebate a portion of their commission to me. On my last house I got a rebate for 2% of the purchase price. I knew the area and the comps so she was just filling in a form and showing up for the inspection and closing.
by Cobra Commander
Fri Aug 25, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: The old Federal CSRS Retirement System question
Replies: 14
Views: 1472

Re: The old Federal CSRS Retirement System question

This suggests you do get the survivor benefit. Given the stakes I would definitely have him check with his HR person though. https://www.opm.gov/faqs/topic/retire/index.aspx/index.aspx?cid=73707e40-be26-406d-ae28-ae5059bf5e30&page=2 May I receive benefits if I am the surviving spouse of someone who ...
by Cobra Commander
Tue Aug 22, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Transferring Work Locations - Cost of Living Decrease?
Replies: 17
Views: 1902

Re: Transferring Work Locations - Cost of Living Decrease?

This sort of happened to my spouse when we moved from NYC to DC. She was receiving a promotion at the same time and her pay effectively stayed the same due to the increase from the promotion offsetting the decrease as a result of the move. Absent the promotion they would have cut her pay.
by Cobra Commander
Mon Aug 21, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Accidental landlord turning to for sale by owner
Replies: 40
Views: 5430

Re: Accidental landlord turning to for sale by owner

Just painted it myself. If I was smart I would have put an open house sign while I was over there all Sunday. Is it worth making a Craigslist ad? We are signing with a broker on Wed? I don't know what market you're in but generally I think making a Craigslist ad for a house is a waste of time. Hone...
by Cobra Commander
Fri Jul 28, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7800

Re: Post Nuptial agreement guaranteeing alimony?

... No, the real problem is that the preconditions outlined here are absurd. Nothing legally allows husband's employer to put specific restrictions on his spouse's employment. ... These two sentences don't necessarily go together. And, at least in many states, the second one is probably wrong. (Dep...
by Cobra Commander
Fri Jul 28, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7800

Re: Post Nuptial agreement guaranteeing alimony?

... No, the real problem is that the preconditions outlined here are absurd. Nothing legally allows husband's employer to put specific restrictions on his spouse's employment. ... These two sentences don't necessarily go together. And, at least in many states, the second one is probably wrong. (Dep...
by Cobra Commander
Fri Jul 28, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7800

Re: Post Nuptial agreement guaranteeing alimony?

My two cents on structuring the agreement off the top of my head would be the following formula: 1/2 the difference in your incomes payable for a time period that is the difference of a mutually agreeable retirement age - current age. I would structure the formula in a neutral manner so that if you...
by Cobra Commander
Wed Jul 26, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7800

Re: Post Nuptial agreement guaranteeing alimony?

^Matthew Bender publishes a practice guide titled "LexisNexis Practice Guide: Pennsylvania Family Law." That's where I would start my search.
by Cobra Commander
Wed Jul 26, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7800

Re: Post Nuptial agreement guaranteeing alimony?

Some of the advice on this thread is terrible. To start with, whether the agreement is enforceable and on what terms is going to vary by state. I don't see your state in this post (maybe people are gleaning this information from other posts you have but I'm too lazy to do this) so I would disregard ...
by Cobra Commander
Wed Jul 12, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Benefits of real estate agent for buying new construction?
Replies: 25
Views: 1802

Re: Benefits of real estate agent for buying new construction?

It might be helpful to have a go between for negotiating issues as they arise. That said, some agents are more willing to go to bat for you than others and some are more effective at negotiating than others. Some don't want to cause any issues that might derail the deal so they'll try to mollify you...
by Cobra Commander
Sat Jul 08, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to federal job?
Replies: 80
Views: 9021

Re: Switch to federal job?

One concern that was briefly touched on but I think is worth considering is job security as a new hire. She will probably have a probationary period and if the agency needs to reduce headcount it is easiest to terminate probies. My division has frozen hiring and recently canned several employees in ...
by Cobra Commander
Fri Jul 07, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Structuring payoff offer for house in foreclosure, above water
Replies: 27
Views: 3247

Re: Structuring payoff offer for house in foreclosure, above water

I've done a little bit of foreclosure defense while I was on a fellowship at one point in my career and this was my experience. When the house was above water the lender did whatever they could to continue the foreclosure proceedings because they could tack on a ton of extraneous fees (late fees, pr...
by Cobra Commander
Fri Jul 07, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: FERS credit for Active reserve time
Replies: 8
Views: 663

Re: FERS credit for Active reserve time

Yeah, I would submit everything you have, including the annual points statement. I would think that would be sufficient to meet the criteria as worded in the regulation. No downside to going for it. When/if you do hear back from them, would you post your results here? I'm definitely curious to hear...
by Cobra Commander
Thu Jul 06, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: FERS credit for Active reserve time
Replies: 8
Views: 663

Re: FERS credit for Active reserve time

Interesting, and you're correct - I only have experience from the Guard side of the house. The OPM regulation seems pretty straightforward in that AT should count, though. Put the AT time on your RI97-20; the worst that can happen would be that they say no. Another federal employee will make the ac...
by Cobra Commander
Thu Jul 06, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: FERS credit for Active reserve time
Replies: 8
Views: 663

Re: FERS credit for Active reserve time

I'm certainly no human resources expert, but I've never seen anyone get FERS credit for AT. I think the requirement for FERS credit is for either title 32 or title 10 service, which I believe excludes annual training time. If you have spent any time on orders for operational support (ADOS) I believ...
by Cobra Commander
Thu Jul 06, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: FERS credit for Active reserve time
Replies: 8
Views: 663

FERS credit for Active reserve time

I am wondering if anyone on here has been able to receive credit for their Active Duty for Training (ADT) in the reserves. For clarity, this is not the weekend drills but includes the "two weeks" over the summer. I was able to use my DD214 and DD220 to get credit for most of my military time but I h...
by Cobra Commander
Wed Jun 28, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 15707

Re: How did you handle the costs of your child's wedding?

I got married a few years ago and DW's parents paid for the wedding (around $25K including dress, reception venue, food, photographer, church, etc.) and my parents paid for the rehearsal dinner. My parents also paid for the plane tickets and hotel room for our honeymoon and we paid for meals. I paid...
by Cobra Commander
Fri Jun 09, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: New Roof - Questions
Replies: 16
Views: 2137

Re: New Roof - Questions

I disagree with the advice to call the insurance company first. IMO if you have an experienced roofer they can get up on the roof with the adjuster and point out where the roof is damaged. The insurance company is not your friend and they don't make money by paying out claims. I do agree that you sh...
by Cobra Commander
Thu Jun 08, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 7679

Re: I'm considering buying a house in the $800k range.. can I?

When DW and I were first married we lived in a 2 bedroom apartment (900 sq. feet) and it was stressful at times because there was no way to get alone time. She primarily worked from home so the 2nd bedroom was her office during the day and I also used it to telework one day per week when she went in...
by Cobra Commander
Tue Jun 06, 2017 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Small tax refund or owing taxes?
Replies: 35
Views: 2990

Re: Small tax refund or owing taxes?

I prefer to get a little money back because that way if I file late, which I often do, its no big deal.
by Cobra Commander
Tue Jun 06, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: I'm considering buying a house in the $800k range.. can I?
Replies: 67
Views: 7679

Re: I'm considering buying a house in the $800k range.. can I?

Your relationship status is unclear so forgive the broad advice here. If you have a SO and are either engaged or know SO is the one you will marry I agree you should get their buy in before purchasing a home. You work from home but consider SO's commute and whether you think SO is likely to change j...
by Cobra Commander
Tue May 30, 2017 8:37 pm
Forum: Personal Consumer Issues
Topic: Recommend a monitor and computer software
Replies: 9
Views: 1062

Re: Recommend a monitor and computer software

One small note for humble software developers. Having a disk is not the same as having a legal license to use said software. :idea: Right but if it's a home use program and I still work for the same employer I'm pretty sure the license is still valid. It's a legit disk that I ordered from Microsoft.
by Cobra Commander
Tue May 30, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Recommend a monitor and computer software
Replies: 9
Views: 1062

Re: Recommend a monitor and computer software

You might also look int monitors that rotate between portrait and landscape mode. Toms hardware has some good reviews. Are you interesited in 4K? This is a link to their standard (not top of the line gaming) monitors review. http://www.tomshardware.com/reviews/best-gaming-monitors,4533-2.html I'm n...
by Cobra Commander
Tue May 30, 2017 5:04 pm
Forum: Personal Consumer Issues
Topic: Recommend a monitor and computer software
Replies: 9
Views: 1062

Re: Recommend a monitor and computer software

What version of MS office do you have? I also use Chrome for most of my internet browsing. I only use Internet Explorer when I have to. For anti-virus I use ESET, but it's not free software. I'm not an IT guy so it's hard for me to make a suggestion on anti-virus software. I went with ESET based on...
by Cobra Commander
Tue May 30, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Recommend a monitor and computer software
Replies: 9
Views: 1062

Re: Recommend a monitor and computer software

AVAST is an excellent anti-virus software package, which comes in a free "flavor". Pay attention during installation so that you don't install unwanted add-ons. Your inquiry about monitors is a little broad... First question to ask is: What are your needs for a monitor? i.e., Do you edit photos? If...
by Cobra Commander
Tue May 30, 2017 4:12 pm
Forum: Personal Consumer Issues
Topic: Recommend a monitor and computer software
Replies: 9
Views: 1062

Recommend a monitor and computer software

I just bought a new computer and I'm thinking about what software to put on it. My usage is generally web browsing, youtube videos, listening to music, teleworking and minimal office functions at home such as using Excel from time to time so I'm thinking about what software I should put on the PC. M...
by Cobra Commander
Mon May 29, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Ballpark figure for closing cost and what not when selling and buying a home
Replies: 5
Views: 581

Re: Ballpark figure for closing cost and what not when selling and buying a home

Realtor fees vary by market but I'd expect to spend 4-6% of the sales price on realtor fees if you go that route. Also consider you'll probably have to spend some money to make the place more marketable (fresh paint, spruce up landscaping) plus any repair items that come up during inspection. Other...
by Cobra Commander
Mon May 29, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Ballpark figure for closing cost and what not when selling and buying a home
Replies: 5
Views: 581

Re: Ballpark figure for closing cost and what not when selling and buying a home

Realtor fees vary by market but I'd expect to spend 4-6% of the sales price on realtor fees if you go that route. Also consider you'll probably have to spend some money to make the place more marketable (fresh paint, spruce up landscaping) plus any repair items that come up during inspection. Other ...
by Cobra Commander
Mon May 29, 2017 7:03 am
Forum: Personal Finance (Not Investing)
Topic: High School Graduation Gifts
Replies: 21
Views: 2658

Re: High School Graduation Gifts

We gave $50 each to the two girls on our street and we went to the adult graduation party. We moved in two years ago but its a close knit neighborhood so not close with the girls but close to the parents.
by Cobra Commander
Sun May 28, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with retirement guru, specializes in federal govt employees
Replies: 72
Views: 9089

Re: Meeting with retirement guru, specializes in federal govt employees

... It's interesting to see the feedback here in the thread - we're a split camp, between those who see a possible benefit to speaking with someone who works daily with these rules - to those who must prefer to represent themselves in court, or who never seek professional tax advice .... I'm a lawy...
by Cobra Commander
Sun May 28, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Meeting with retirement guru, specializes in federal govt employees
Replies: 72
Views: 9089

Re: Meeting with retirement guru, specializes in federal govt employees

Depending on your age I would ask a few targeted questions about the FERS supplement that is currently on the chopping block. Specifically, I would ask whether that benefit "vests" upon retirement or whether it can still be taken away from you if you've already retired. The answer to that question c...
by Cobra Commander
Tue May 23, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: First house - penny wise?
Replies: 12
Views: 3050

Re: First house - penny wise?

You said that you will not need to make any upgrades with the new house but you may have to buy things that would come with an existing house so just keep that in mind for budgeting purposes. For example, new houses often do not come with blinds/window treatments, deck, may or may not come with appl...
by Cobra Commander
Mon May 22, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: How long to keep paperwork from home sales?
Replies: 2
Views: 691

Re: How long to keep paperwork from home sales?

At this point title issues will be the problem of the new owners. I defer to others on whether you should keep the paperwork in case the IRS has questions.
by Cobra Commander
Wed May 17, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Privacy vs $$$$
Replies: 31
Views: 4609

Re: Privacy vs $$$$

Two huge sources of information for data brokers are Lexis Nexis (used to be Accurint, not sure what it's called now) and Thompson West (CLEAR database). There is a set list of criterion they will use to remove your information from their public records databases so if you qualify that's one way to ...
by Cobra Commander
Tue May 16, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Selling Rental Property to Tenant
Replies: 10
Views: 1043

Re: Selling Rental Property to Tenant

Definitely no real estate agent. In some states (my state, Virginia for example) everyone uses a model purchase agreement with a few standard add on clauses (inspection contingency, rent back, financing contingency, etc.) so you could easily do this yourself. If you're in a state like this and you'r...
by Cobra Commander
Mon May 08, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Will and Estranged Child advice
Replies: 44
Views: 4923

Re: Will and Estranged Child advice

If the will clearly was written when things were different then yes, woodspinner did what his wife wanted at the time she died. She just hadn't updated the paperwork to reflect her wishes. It may have been illegal but that doesn't mean it was morally wrong to an overwhelming majority of people in t...
by Cobra Commander
Mon May 08, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Federal job, "military time buyback" for pension
Replies: 22
Views: 2458

Re: Federal job, "military time buyback" for pension

Retired fed here. I would pay the $6,000 now and be done with it. I understand your point about accruing more income on the investment then you'll owe in interest. But there have been have changes to the federal pension plans -- both small and large -- over the years and I would not take the risk t...