Search found 39 matches

by Jeep512
Tue Jul 31, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 6038

Re: Financial upside / downside of marriage vs cohabiting

You can have a marriage without commitment . or you can have . Commitment without marriage IMO, marriage is a somewhat outdated institution. It's easy to get married and difficult and painful to get divorced. The whole fairy tail "til death do us part" is actually "until one of us changes our mind"....
by Jeep512
Mon Mar 05, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Allocation
Replies: 6
Views: 702

Re: Emergency Fund Allocation

I do a 3 tier:

1) Local Savings Account (relatively low rate) - 2 to 3 months
I like having immediate access to cash

2) Online Savings Account (much better rate) - 2 to 3 months
It seems to take 4-5 days to do transfers

3) Brokerage - investments per your goals
by Jeep512
Wed Feb 28, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Webpage - anything better?
Replies: 9
Views: 1027

Re: Schwab Webpage - anything better?

You can configure the pages. I did on Schwab. I don't get the banner or the huge graph or any of that garbage. Just the opening page that I want. I don't remember how I did it but I think you are at the aggravation level I got to when I decided to figure it out. I chatted with the Schwab folks befo...
by Jeep512
Wed Feb 28, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Webpage - anything better?
Replies: 9
Views: 1027

Schwab Webpage - anything better?

I'm a longtime Schwab user. Lately, their webpage is really aggravating me. Mainly: 1) They use HUGE fonts to display sensitive information. It's tough to do anything in the office. No, Schwab, I really don't want to share my account balances with my coworkers. :shock: 2) They display way too much s...
by Jeep512
Fri Feb 23, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 3288

Re: Is a prenup required to establish a list of separate property before marriage?

A few thoughts: As mentioned several times before, what someone says before marriage and what actions they take during divorce can be 2 different things. In ten years when you've had two kids, and her career has gone nowhere, then she'll be looking for an equitable split in HER eyes at that moment (...
by Jeep512
Fri Feb 23, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Home Warranty Paid by the Seller
Replies: 17
Views: 1446

Re: Home Warranty Paid by the Seller

This is a custom to provide a home warranty for a year. To be honest, the warranty services all suck. The seller usually pays like $500-700 for it. I would just request a cash credit. +1 Unless you are seriously cash poor, then you should be able to use your emergency fund to cover any problem that...
by Jeep512
Tue Feb 20, 2018 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Where to put 6 months of living expenses(emergency fund) ?
Replies: 24
Views: 4158

Re: Where to put 6 months of living expenses(emergency fund) ?

I have 3 buckets:

1st and most accessible: Local savings account. Available immediately, but low interest rate

2nd: Online savings account - Capital One at the moment at 1.5%

3rd: Brokerage - Money market fund or investment of your choice

Percentage of money in each is up to you
by Jeep512
Wed Jan 31, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Do it myself or hire a pro?
Replies: 27
Views: 2957

Re: Do it myself or hire a pro?

You will get lots of good advice here. A few things that I would note: 1) I will never pay a load, commission, recurring fees, etc. Ever. Basically, I am suggesting that you completely forget about your "Super Nice Guy" financial planner. Paying those fees/loads will NOT guarantee higher returns. Ty...
by Jeep512
Sat Jan 27, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Warning on "free" Morningstar trial
Replies: 37
Views: 8185

Re: Warning on "free" Morningstar trial

Take note that you may want to steer clear of Morningstar's "free" 14 day trial. You'll have to sign up with credit card number, etc, then you have 14 days to cancel. BUT -- there is no "CANCEL ME" button on the web page, and instead you have to call their 800 number where they surely will try to c...
by Jeep512
Thu Jan 18, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: HSA bank selection
Replies: 10
Views: 1005

Re: HSA bank selection

Another happy Lively owner. Moved there from my credit union just a few months ago. Pretty easy to signup.
by Jeep512
Tue Jan 16, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 12104

Re: Our 'cure' for emergency expenses

Our "freedom fund" has always been part of our checking account. Why make it complicated? I have two take aways from this thread: -Most people take awhile to get budgeting dialed in. -A lot of people make their finances complicated. That's rather cynical. My takeaway from this thread: Different tec...
by Jeep512
Fri Jan 12, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Money Market and savings rate increases
Replies: 8
Views: 2043

Re: Capital One 360 Money Market and savings rate increases

njay73 wrote:
Thu Jan 11, 2018 9:13 pm
thanks, but mine still shows 1.3% in my account page will check again tomorrow
FWIW, I just checked my account this morning, and it shows 1.40% :happy
by Jeep512
Fri Jan 12, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Is this solar panel bid reasonable?
Replies: 59
Views: 5154

Re: Is this solar panel bid reasonable?

Are you doing the solar panels for financial reasons (logic) or just to be environmentally friendly (emotional)? In one case, it's a simple financial calculation. In the other case, there's no reason to ask for advice on a financial forum. How did you do your monthly savings calculation? Did you acc...
by Jeep512
Thu Jan 11, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: "Emergency Fund" Strategy
Replies: 39
Views: 5143

Re: "Emergency Fund" Strategy

mortfree wrote:
Wed Jan 10, 2018 1:30 pm

Tier 1 - Brick 10k
Tier 2 - credit card (to be paid off with Tier 3, or 4)
Tier 3 - Online Savings Account 24k

Invest the rest.

Tier 4 - brokerage account
You perfectly described my approach. I like to keep it simple. :sharebeer
by Jeep512
Thu Jan 04, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 97
Views: 7340

Re: ID theft and check cashing fraud

The bank will definitely have the perpetrator on their security camera, and likely on several, as he walked in, went to the teller, and then walked out. That would be where I would start. If the police don't respond, hire a private investigator. It'll be well worth it. FWIW, I never bring my wallet...
by Jeep512
Sun Dec 31, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Where I need to keep my Emergency cash
Replies: 24
Views: 2563

Re: Where I need to keep my Emergency cash

I keep about 2-3 of months expenses in a local savings account. Probably too much, but it makes me comfortable. I use an online savings account for the remainder of my emergency fund. Formerly Discover, but now Capital One (switched to get bonus $200). One concern is slow transfers. It seems like th...
by Jeep512
Sun Dec 31, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Outbuilding Height For Resale - 10ft or 14ft
Replies: 11
Views: 1203

Re: Outbuilding Height For Resale - 10ft or 14ft

It depends on the terrain, etc, but I would imagine that a 14' building would look perfectly normal on 3 acres. I would definitely go for the 14'.
by Jeep512
Sat Dec 30, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Capital 1.35% savings with $200 bonus (10k deposit)
Replies: 18
Views: 2865

Re: Capital 1.35% savings with $200 bonus (10k deposit)

Mudpuppy wrote:
Sat Dec 30, 2017 12:37 am

So it looks like I've squeaked in just under the wire. We'll see how soon "within 60 days" ends up being for the bonus.
Mine was paid very quickly - in a week or less IIRC
by Jeep512
Thu Dec 21, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawing cash from online bank without a local bank account
Replies: 18
Views: 1998

Re: Withdrawing cash from online bank without local bank account

OP, could you explain your reasons for going to Schwab bank exclusively?

(I'm not questioning your decision at all - I'm thinking that maybe I'm missing something.)
by Jeep512
Tue Dec 19, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: 1992 Non-deductible IRA Contribution- not paying tax twice?
Replies: 3
Views: 372

Re: 1992 Non-deductible IRA Contribution- not paying tax twice?

I know that the non-deductible contribution was properly accounted for, but I don't have any specific recollection of form 8606.

I definitely haven't filed form 8606 since that time.
by Jeep512
Tue Dec 19, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: 1992 Non-deductible IRA Contribution- not paying tax twice?
Replies: 3
Views: 372

1992 Non-deductible IRA Contribution- not paying tax twice?

Way back in 1992, I made a non-deductible IRA contribution of $2000 (incorrect advice from a tax preparer). It was properly accounted for on my tax return at the time, but I no longer have a copy of my 1992 return. It looks like the IRS can't provide a copy of a return that old (based on the IRS web...
by Jeep512
Thu Dec 14, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I recharacterize my Roth Contributions?
Replies: 8
Views: 730

Re: Should I recharacterize my Roth Contributions?

Originally, I was of the opinion that it's better to get the known return immediately through the traditional IRA. So, I typically maxed out the tIRA. In recent years, I split a little money between the tIRA ($5000) and Roth ($1500). Now, I wish I had put more money into the Roth. The Roth tax free ...
by Jeep512
Tue Dec 12, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Directv Now APPLE TV 4K for free when prepay 4 months!!
Replies: 3
Views: 863

Re: Directv Now APPLE TV 4K for free when prepay 4 months!!

If not an advertisement, then he is seriously late to the party. DirectTV Now has been offering that deal for about a year. When they first released Direct TV Now (very late 2016 or very early 2017), I paid for 3 months of DirectTV Now, and got an Apple TV. I sold it on Craigslist for the same price...
by Jeep512
Wed Dec 06, 2017 5:54 am
Forum: Personal Finance (Not Investing)
Topic: HSA Info
Replies: 8
Views: 888

Re: HSA Info

I will most likely have a knee surgery in the next 1-3 years. If you have different plans available to you, you MAY want to go to a PPO plan for the year of your surgery. It may save you some money. Or it may not. You would have to get quotes on the surgery, and then try to figure out which doctors...
by Jeep512
Wed Nov 29, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 7050

Re: When to tell the SO about my financial situation?

+1 - get a prenup if you ever think about marrying her A huge red flag for me...YOU paid off her credit cards? Why isn't SHE working 2 jobs to pay off her credit cards? Another red flag...You are fibbing or being less than honest, because you know that something is off. Your intuition is telling you...
by Jeep512
Sun Nov 26, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Payoff remaining auto loan or finish remaining 16 months?
Replies: 13
Views: 1274

Re: Payoff remaining auto loan or finish remaining 16 months?

I've got an auto loan with about $7k balance at 1.45%. I'm currently getting 1.3% interest in a Capital One savings account. With such a small difference in rates, it's basically not costing me anything. I'm paying off the loan $750/month, so the loan will be done in about 9 months. I know I could p...
by Jeep512
Tue Nov 21, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 119
Views: 12519

Re: TaxAct and alternatives

I used TaxAct for several years.

Since 2015, I've been with HR Block because TaxAct became more expensive. No State Income Tax for me, which may change the costs between the two options. I think I paid $28 this year for HR Block
by Jeep512
Fri Nov 17, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Looking for job, should I freeze my credit now?
Replies: 6
Views: 1163

Re: Looking for job, should I freeze my credit now?

I would freeze it immediately.

When you get an offer, then unfreeze just the bureau that is necessary. Your new employer should be able to tell you which one.

Then re-freeze that bureau. It'll cost you $20 total or so ($10 each time), depending on your state.
by Jeep512
Thu Nov 16, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 5367

Re: Help with Understanding How to Handle Bonus

You could also contribute to a traditional IRA (instead of or in addition to) your 401K.

Advantages - you have until Apr 15th to make the contribution, so you can actually run your taxes many different ways. It may also be easier than changing the 401k contribution at your company.
by Jeep512
Fri Nov 10, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Discover Online Savings Account w/ Promo Code?
Replies: 8
Views: 1300

Re: Discover Online Savings Account w/ Promo Code?

Like "KCinBAMA", I keep several accounts for different purposes - it's just to help with organization. I have an accounts for: emergency fund (essentially static) major house repairs/appliances vacation fund car fund - brokerage account, since this is longer term and more money I could easily keep e...
by Jeep512
Thu Nov 09, 2017 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Discover Online Savings Account w/ Promo Code?
Replies: 8
Views: 1300

Re: Discover Online Savings Account w/ Promo Code?

I did something similar with Cap One recently - read here:

viewtopic.php?f=2&t=229832
by Jeep512
Tue Nov 07, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: The power of cancellation
Replies: 15
Views: 3022

Re: The power of cancellation

Is it just me, or do all these "special" deals drive anyone else crazy? I wish that Sirius XM, Time Warner (now Spectrum), etc, would just set a good, reasonable price for their service. Then I might subscribe. I don't want to set a calendar appointment, and then call every 5-6 months to cancel or r...
by Jeep512
Sun Nov 05, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing from 30 year to 15 year
Replies: 7
Views: 1167

Re: Refinancing from 30 year to 15 year

You don't mention the interest rate of your current loan or the expected interest rate of your new loan. This would be helpful information, Run some numbers on 3 scenarios: 1) Keep your existing 30 year loan and existing payment 2) Refi to 15 year loan (will be a higher payment, even with a lower in...
by Jeep512
Thu Nov 02, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on Quicken? (and expense tracking software altogether)
Replies: 73
Views: 8164

Re: Giving up on Quicken? (and expense tracking software altogether)

After 20 years of Quicken I pitched it a year ago. No regrets. I never write check's anymore. My transactions are all on line. I need not pay some company every year to give me a product that has planned ways to extract more money out of my wallet. Its actually pretty liberating. I literally could ...
by Jeep512
Tue Oct 31, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: So I did this...Capital One Money Market $200 bonus
Replies: 21
Views: 3223

Re: So I did this...Capital One Money Market $200 bonus

I'm the original poster...surprisingly, Cap One already deposited the $200 bonus into my account. That's pretty quick :D

I'm getting the same interest rate as before, so I'll leave the money there until a better deal comes along.
by Jeep512
Thu Oct 26, 2017 5:04 am
Forum: Personal Consumer Issues
Topic: Trip in May: Starting in Munich, Ending in Interlaken - Where to go in between?
Replies: 27
Views: 2190

Re: Trip in May: Starting in Munich, Ending in Interlaken - Where to go in between?

It's been a while since I was there, but we thoroughly enjoyed Fussen and the Neuschwanstein castle.

You might consider Innsbruck or some other ski resort area (Stubaital). Even in May, they may be running the gondolas.
by Jeep512
Mon Oct 16, 2017 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Buying 2nd House - Affordability Check
Replies: 17
Views: 2472

Re: Buying 2nd House - Affordability Check

Every time I thought about renting out a house, I decided that I really didn't want to be a landlord. I always just sold. You need to consider the late night maintenance calls...the maintenance costs...the refurb costs between renters...the time it may spend empty. I decided that my satisfaction as ...
by Jeep512
Sun Oct 15, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: So I did this...Capital One Money Market $200 bonus
Replies: 21
Views: 3223

So I did this...Capital One Money Market $200 bonus

I'm not usually one to take advantage of these deals, but this one seemed worth it. Am I missing something? I got a letter from Capital One offering a $200 bonus if I opened a 360 Money Market account with $10k. Interest rate is 1.2%, and no fees. During signup, they make it very clear that this dea...
by Jeep512
Fri Oct 13, 2017 4:57 am
Forum: Personal Consumer Issues
Topic: Which Streaming Service/Live TV?
Replies: 53
Views: 9603

Re: Which Streaming Service/Live TV?

I've been looking for a viable streaming option. I've had an OTA antenna with Windows Media Center for about 12 years. It's worked well, but Windows Media Center is basically obsolete, so I'm starting to look at other options. I have a FireTV (Amazon Prime), which works well. So a service that integ...