Search found 21 matches

by rynlee
Wed Jul 22, 2020 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Reapplying for a HELOC
Replies: 5
Views: 487

Re: Reapplying for a HELOC

In reviewing the application, does the bank care how much equity I have in the property? In other words, all other factors being equal, do I have a better shot of being accepted for the HELOC if I take it out on the property (of the two) with more equity?
by rynlee
Tue Jul 21, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Reapplying for a HELOC
Replies: 5
Views: 487

Reapplying for a HELOC

Hello, One year ago I applied for a HELOC and was denied. The reason given was "income insufficient for amount of credit requested". Since then, I've earned a bit more income, though I also have more debt (in a mortgage). From a credit score perspective, I'm trying to sort how long I shoul...
by rynlee
Sat Nov 02, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Private Insurance
Replies: 4
Views: 435

Re: Private Insurance

FrugalInvestor wrote: Sat Nov 02, 2019 3:21 pm Do you know that you do not (and cannot) qualify for premium subsidies under the ACA?
Correct. I don't qualify for the subsidies.
by rynlee
Sat Nov 02, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Private Insurance
Replies: 4
Views: 435

Private Insurance

I've checked out marketplace plans this year and I find the premiums unaffordable. I do want to maintain coverage for a catastrophic event, but I need to pay a much lower premium (< $200 per month) - what are some of my options outside of the marketplace? Are there private HDHPs I can consider? Coul...
by rynlee
Fri Sep 20, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Switching Use of Credit Card from Personal to Business
Replies: 2
Views: 247

Switching Use of Credit Card from Personal to Business

Hello, I've recently started a business (sole proprietorship) in connection with purchasing a first rental property. I have a credit card that I'd previously use for personal expenses, but that I've no longer been using. In terms of keeping my personal and business expenses separate, do you see any ...
by rynlee
Tue Jun 18, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Can an Inherited IRA rightly be called a pension?
Replies: 4
Views: 404

Re: Can an Inherited IRA rightly be called a pension?

I just want to make sure she understands what the income actually is and that it's represented accurately.
by rynlee
Tue Jun 18, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Can an Inherited IRA rightly be called a pension?
Replies: 4
Views: 404

Can an Inherited IRA rightly be called a pension?

Can an Inherited IRA rightly be called a pension?
My loan officer has listed it this way on a URLA, but I wasn't sure that that was an accurate way of describing it.
by rynlee
Fri Jun 14, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC Options
Replies: 19
Views: 1882

Re: HELOC Options

Thanks! Graduate students are no longer eligible for subsidized federal loans.
by rynlee
Thu Jun 13, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC Options
Replies: 19
Views: 1882

Re: HELOC Options

They do service my state. Looks like APR is 4.49%
What does "Variable APR of Prime -1.01%" mean?
by rynlee
Thu Jun 13, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC Options
Replies: 19
Views: 1882

HELOC Options

Hello, I am considering taking out a HELOC to help fund graduate education (side question: are there other loan products that I should be considering, with perhaps lower rates?). I'm trying to understand the differences and usefulness of the different options: Bank 1: Principal and Interest Option: ...
by rynlee
Mon Jun 10, 2019 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Loans for Education?
Replies: 1
Views: 276

Loans for Education?

Hi all, I've become interested in returning to school for a second master's (MBA) to build additional knowledge, skills, and career capital. I have enough money in my savings accounts and investments to cover the tuition, but I'm wondering if I should consider covering some part of the tuition via p...
by rynlee
Sat Apr 20, 2019 6:04 pm
Forum: Personal Investments
Topic: Absolute Beginner Question
Replies: 11
Views: 1368

Absolute Beginner Question

Hello, I've had my portfolio managed by an advisor for the past seven years. I pay her 1.35% of the assets she manages, which these days is turning out to be a chunk of change. I'd like to start learning about how to do this myself. Any book recommendations for learning the basics of managing one's ...
by rynlee
Tue Apr 03, 2018 8:07 am
Forum: US Chapters
Topic: Master Thread for Portland, Oregon
Replies: 151
Views: 69958

Re: Master Thread for Portland, Oregon

Hello, new to this forum and thread.

Will there be a meeting in April?
by rynlee
Sun Mar 18, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes and Roth/Solo 401(k) Contributions
Replies: 11
Views: 1009

Re: Taxes and Roth/Solo 401(k) Contributions

Once I have corrected the excess employer contribution, do I need to amend my return? On which form? When I make the adjustment in Turbo Tax, the software reports that they can't detect any changes in the return itself that would require re-filing.
by rynlee
Mon Mar 12, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Taxes and Roth/Solo 401(k) Contributions
Replies: 11
Views: 1009

Re: Taxes and Roth/Solo 401(k) Contributions

[Sigh]. Okay, thanks everyone for your help.

I made the excess employer contributions for 2017 in 2017.
by rynlee
Sun Mar 11, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes and Roth/Solo 401(k) Contributions
Replies: 11
Views: 1009

Re: Taxes and Roth/Solo 401(k) Contributions

Thank you, this is very helpful. I see now that when I subtract the deductible portion of self-employment income from my business income, I get the maximum contribution amount that Turbo Tax specified. I should clarify that the $18,000 I contributed to my solo 401(k) (prior to withdrawing the excess...
by rynlee
Sun Mar 11, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes and Roth/Solo 401(k) Contributions
Replies: 11
Views: 1009

Re: Taxes and Roth/Solo 401(k) Contributions

Hello Ryan I'm having a sort of related problem. Do you have enough business income ? That might be why the software is saying you made excess contributions. What is your schedule C business income ? Also, there are calculators for what the maximum is that you can put in. ' https://personal.vanguar...
by rynlee
Sun Mar 11, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes and PTC
Replies: 2
Views: 299

Re: Taxes and PTC

Thank you! I believe it's the second case that applies.
by rynlee
Sun Mar 11, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes and PTC
Replies: 2
Views: 299

Taxes and PTC

Hello, I was enrolled in a Marketplace plan in 2017 for which monthly premiums were $349. However, I received a monthly advance payment of the premium tax credit such that my monthly premiums became $163. However, when I look at how TurboTax has calculated the amount of my return, it looks like the ...
by rynlee
Sun Mar 11, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes and Roth/Solo 401(k) Contributions
Replies: 11
Views: 1009

Taxes and Roth/Solo 401(k) Contributions

Hello, I have just completed my 2017 return, and TurboTax has let me know that the $5,500 I contributed to my Roth and $7,128 of the $18,000 I contributed to my Solo 401(k) are excess contributions. My understanding is that this is because of my income level: my gross income tends to hover around $3...
by rynlee
Thu Mar 08, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Options
Replies: 1
Views: 368

Health Insurance Options

Hello, I've recently started on a 2018 medical plan through the Health Insurance Marketplace. My 2017 medical plan with Bridgespan was discontinued, and so I enrolled in a 2018 plan through Kaiser. As it's turned out, coverage with Kaiser is not meeting my routine healthcare needs. But, it does prov...