Search found 131 matches

by westrichj312
Tue Mar 20, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Advance on Credit Card for $3K Car
Replies: 43
Views: 2633

Re: Cash Advance on Credit Card for $3K Car

The 3K car is probably worth about 2K and with the finance dollars your paying about 4 or 5 K, but Ya gotta do what ya gotta do I guess.
by westrichj312
Mon Mar 19, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: How to keep track of Roth cost basis?
Replies: 13
Views: 1992

Re: How to keep track of Roth cost basis?

last guys exactly right for the vast majority there is no need to track and trades in your roth as they are not reported each year.
by westrichj312
Mon Mar 19, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Rent in Retirement
Replies: 35
Views: 3472

Re: Rent in Retirement

rent much less costs and stress.
by westrichj312
Thu Mar 15, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Gift tax
Replies: 18
Views: 1160

Re: Gift tax

Gil - I do not advocate it, but I must admit and or confess at lunch I occasionally J-Walk
by westrichj312
Thu Mar 15, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Gift tax
Replies: 18
Views: 1160

Re: Gift tax

So if I hand my son 5 grand cash for his birthday and don't report it it's tax evasion? LOL!! If you pay someone's credit card bill do you really think they care what checking account it came from and the IRS is going to follow that trail? It's beyond laughable.
by westrichj312
Thu Mar 15, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Gift tax
Replies: 18
Views: 1160

Re: Gift tax

just pull out 8 grand cash and hand it to her, the IRS is not following you around your bank. My gosh don't be scared of your own shadow people!
by westrichj312
Wed Mar 14, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 2446

Re: Pay cash or go crazy (and take 2.5% loan and invest

.05% interest is not going to make you much money
by westrichj312
Wed Mar 14, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to retire Jan. 2, 2019, can I do it?
Replies: 37
Views: 3580

Re: Would like to retire Jan. 2, 2019, can I do it?

your ahead of 95% of the world go ahead.
by westrichj312
Wed Mar 14, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 2446

Re: Pay cash or go crazy (and take 2.5% loan and invest

cash! If you really think your getting a 6 year loan at 2.3% I have some land in Florida to sell you.
by westrichj312
Wed Mar 14, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: How to Thank/Reward Realtor
Replies: 28
Views: 2304

Re: How to Thank/Reward Realtor

you already payed her. If you feel the need to pay or tip more go ahead!
by westrichj312
Sun Mar 11, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: 25YR old with considerable amount of cash
Replies: 48
Views: 6792

Re: 25YR old with considerable amount of cash

pay that small car loan first anybody that would disagree with that don't listen to. Than dollar cost average your way into a vanguard low cost s&p fund.
by westrichj312
Thu Mar 08, 2018 8:17 am
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 178
Views: 18494

Re: Is Cash Trash? The Purpose of Cash

I keep 25% of all assets in cash/ ST treasuries. Cash is and always will be king.
by westrichj312
Tue Mar 06, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tax adviser worth it?
Replies: 11
Views: 1120

Re: Tax adviser worth it?

Most of us use one to get our taxes done. google search your area for a cpa
by westrichj312
Mon Mar 05, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7415

Re: Another "Should I self-insure" for LTC Question

Last post is right on the money.
by westrichj312
Mon Mar 05, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: What is the tax situation look like for an inherited trust?
Replies: 11
Views: 793

Re: What is the tax situation look like for an inherited trust?

Yes your right. I was referring to the more common trust. In a regular trust the taxes/capital gains are payed yearly and there is no difference in tax rates at that point as long as its under the lifetime exemption. The trust is there to prevent probate mainly.
by westrichj312
Mon Mar 05, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 6176

Re: Donations to your enrolled public school

Zero also, as a matter of fact, I have never heard of anyone who donates anything to the public school system. I could think of a hundred other places that would be more deserving than that!!! OMG.
by westrichj312
Mon Mar 05, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: What is the tax situation look like for an inherited trust?
Replies: 11
Views: 793

Re: What is the tax situation look like for an inherited trust?

Say you inherited 3 million from a personal bank account or a trust the tax is the same zero! It's not more or less anything.
by westrichj312
Mon Mar 05, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Another "Should I self-insure" for LTC Question
Replies: 119
Views: 7415

Re: Another "Should I self-insure" for LTC Question

drop it as fast as you can and start gifting out your money to your heirs!
by westrichj312
Mon Mar 05, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: dad insists on gifting me all his money- help!
Replies: 23
Views: 4481

Re: dad insists on gifting me all his money- help!

Also, you can withdrawal say 20K and take him to Vegas or your local casino and hand the cash to whomever. Hello peoples!! the IRS has better things do to than wonder around tracing steps to see where every penny goes. Just saying....
by westrichj312
Thu Mar 01, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Will my lax approach to record keeping fly in an audit?
Replies: 40
Views: 4046

Re: Will my lax approach to record keeping fly in an audit?

we have several rental properties and pay everything we can with cash. New roof 11,000 all cash I get a cash discount and just an invoice. I have never been audited in 30 years. Don't worry your chance of receiving an audit are slim to none.
by westrichj312
Wed Feb 28, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 15084

Re: How much cash do you keep at any time on checking?

you don't want to miss out on the 1% per year MM accounts you will be able to get a couple free pizza's each year folks.
by westrichj312
Wed Feb 28, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: What should my priorities be?
Replies: 34
Views: 2915

Re: What should my priorities be?

pay all the debt first!
by westrichj312
Wed Feb 28, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 15084

Re: How much cash do you keep at any time on checking?

I keep 50K on hand I figure it cost me about 280 bucks lost per year of MM interest but I like to have cash available when needed.
by westrichj312
Sun Feb 25, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: new starbucks chase visa card
Replies: 23
Views: 2391

Re: new starbucks chase visa card

anything with an annual fee is GARBAGE!!!!
by westrichj312
Sat Feb 24, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7915

Re: Long term care insurance

It's hard for some people to understand you have been sold a bill of goods!
by westrichj312
Thu Feb 22, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7915

Re: Long term care insurance

Some of you act like the medicaid facilities are pure garbage and thats just not true they have rules and regulations they follow just like the others. Also about 90% of the elderly are in these type's of nursing homes. How many people do you think can afford 100K per year for their care in this cou...
by westrichj312
Thu Feb 22, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: 529 vs. custodial account for my kids
Replies: 11
Views: 801

Re: 529 vs. custodial account for my kids

I choose the UTMA's at Vanguard. I knew my kids would never qualify for any kind of financial aid and I liked the flexability of using the money saved for other things. Especially if they choose not to go to college.
by westrichj312
Thu Feb 22, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7915

Re: Long term care insurance

The short article in barrons was in the mailbag section of 7/3/2017 edition, you can find it in your local library. I guess its a choice as I said earlier I have worked my whole life to enjoy myself and leave all I can to my children not a fancy nursing home.
by westrichj312
Wed Feb 21, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7915

Re: Long term care insurance

Most of the medicaid places I have seen are pretty nice and besides most of the residents don't even know their own names therefore could care less if they are in a beautiful private setting. I only have about 300K in retirement accounts. I could care less if they get that or the crummy SS check I a...
by westrichj312
Wed Feb 21, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7915

Re: Long term care insurance

LTC policy with death benefit? Your salesman loves you - LOL :oops:
by westrichj312
Wed Feb 21, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7915

Re: Long term care insurance

Talk to an attorney that specializes in that area. There are trusts that protect assets from the look back, there are trusts for your children that exclude there married spouse so that in case they get divorced the spouse will not be entitled to any of your assets, there are divorce strategies to na...
by westrichj312
Wed Feb 21, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7915

Re: Long term care insurance

If it worked out great for you terrific. Unfortunately statistics will tell you most people will never get their money's worth out of a LTC policy. I prefer my children getting all of my money and not some LTC facility and there are multiple ways to get it free (medicaid) from your state if you plan...
by westrichj312
Tue Feb 20, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: 30 yr tips auction 2/15: 1.0% yield?
Replies: 174
Views: 16953

Re: 30 yr tips auction 2/15: 1.0% yield?

Inflation has been next to nothing for the past decade and it poised to stay that way. If real interest rates were to rise to say the historical average of around 5 or 6 % and you are tied up for 30 years in a 1% vehicle you will never be able to sell it early unless you want a 30 or 40% haircut.
by westrichj312
Tue Feb 20, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7915

Re: Long term care insurance

I would guess the percentage of people that ever purchase a LTC policy is less than 10% of the world. There is a reason for that they are not an investment and not worth it - plain & simple a suckers bet as there are many ways around the 5 year look back and transferring monies to children to name a...
by westrichj312
Tue Feb 20, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: 30 yr tips auction 2/15: 1.0% yield?
Replies: 174
Views: 16953

Re: 30 yr tips auction 2/15: 1.0% yield?

I would not consider that in a million years! You can get US treasuries at 2% for three years - get real.
by westrichj312
Tue Feb 20, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 7915

Re: Long term care insurance

LTC policies are one of the biggest sucker purchases out there. There are other legal ways to get around i. Find a good estate/asset protection attorney and protect yourself with a trust and you will get LTC free in almost any state.
by westrichj312
Fri Feb 16, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 99
Views: 7597

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

If you have comp and your own medical insurance your being sold something you absolutely don't need and never will use or get your monies worth!
by westrichj312
Tue Feb 13, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 18510

Re: Number at which to stop worrying

my wife and I retired in our late 40's with 2 kids in high school about 2.3 M and their college costs already payed for. At most we spend 70K per year. Are biggest problem is spending some of our money and not leaving it all to the kids. We do only what we want to do and there are only three things ...
by westrichj312
Mon Feb 12, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Barron's Magazine
Replies: 15
Views: 1667

Re: Barron's Magazine

It is still the weekly gold standard for every active investor!
by westrichj312
Mon Feb 05, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: brokerage sweep accounts
Replies: 18
Views: 1340

Re: brokerage sweep accounts

That's very odd unless you are going in and out with $500K often. That is, I don't understand why your sweep account even with trading is not close to zero most of the time. You could at least move it to a money market fund paying more than that 1% when you are not thinking about it (say the weeken...
by westrichj312
Mon Feb 05, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: Washer/Dryer longevity ?
Replies: 69
Views: 6568

Re: Washer/Dryer longevity ?

buy a new one I have never had either last 10 years!
by westrichj312
Mon Feb 05, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: brokerage sweep accounts
Replies: 18
Views: 1340

Re: brokerage sweep accounts

You just can't sell 5000 shares of a bond fund and have your money seconds later to place a equity trade. There is a thing called settlement time!
by westrichj312
Mon Feb 05, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: brokerage sweep accounts
Replies: 18
Views: 1340

Re: brokerage sweep accounts

You guys must not trade stocks much. For example on tuesday last week I bought 1500 shares of Qcom and it cost around 90 grand. Sold it on thursday. If there is not 90K in sweep account I could not purchase stock. If you have $1,000 in your sweep account you are a buy and hold investor which is very...
by westrichj312
Sun Feb 04, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: brokerage sweep accounts
Replies: 18
Views: 1340

Re: brokerage sweep accounts

I guess its more for active traders as I keep roughly 500K in the sweep for trading purposes.
by westrichj312
Sat Feb 03, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: brokerage sweep accounts
Replies: 18
Views: 1340

brokerage sweep accounts

does anybody check there brokerage sweep options. I have noticed MM rates over 1 % lately but have found that ETRADE and many others limit your choices to a few that are clearly not the best rates out there with the lowest cost options. For example vanguard and fidelity have nice low cost MM yieldin...
by westrichj312
Thu Feb 01, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Wireless Earbuds For Running (Updates for 2018?)
Replies: 36
Views: 2511

Re: Wireless Earbuds For Running (Updates for 2018?)

I received a pair for 9.99 at hobby lobby real cheap but have been working terrifically for 5 months.