Search found 275 matches

by sman09
Tue May 05, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Month-to-Month lease nearing a year
Replies: 10
Views: 1071

Re: Month-to-Month lease for more than a year

Thank you everyone for your inputs! We did complete a year and a few months more and about to make the payment for this month's rent. We are on a modest (single) income that affords comfortable simple living. We (I) have been contributing the maximum to my retirement account (thanks to all the wise ...
by sman09
Thu Apr 02, 2020 6:30 pm
Forum: Personal Investments
Topic: Exceeded the $56,000 401k Limit in 2019
Replies: 9
Views: 1182

Re: Exceeded the $56,000 401k Limit in 2019

Is the $56,000 limit per individual or couple (in case of filing tax return jointly).

Also, if employer makes available both 457 and 403, would the $56,000 limit still apply including the employer's contribution as well.

Thank you
by sman09
Sun Mar 22, 2020 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Request for guidance to buy our first home
Replies: 6
Views: 511

Request for guidance to buy our first home

Dear BHs After starting the home search and abandoning the process due to factors beyond our control, our family is thinking of buying our first home now as several homes in a price range we are comfortable with and in areas we like have come up. We got valuable guidance in the past which helped us ...
by sman09
Thu Mar 12, 2020 10:10 am
Forum: Personal Investments
Topic: How many people with 7 figure portfolios are”rejoicing ?”
Replies: 169
Views: 14070

Re: How many people with 7 figure portfolios are”rejoicing ?”

Not rejoicing at all. I mean....who is looking for instability in the market besides market timers? These times have made me understand the stock/bond relation better. When I update my investments spread sheet, my biggest bond fund is the first one I update. Wow.....another record high day! Then to...
by sman09
Wed Dec 04, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Month-to-Month lease nearing a year
Replies: 10
Views: 1071

Re: Month-to-Month lease nearing a year

Thank you very much to @junior, @CurlyDave, @AlohaJoe for sharing your thoughts and inputs. 3. How much is the premium for month to month? The monthly premium is $250. So, in the event we decide to go with a shorter-term lease (say, 6 months) and find a home after a couple of months, we would contin...
by sman09
Wed Dec 04, 2019 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Month-to-Month lease nearing a year
Replies: 10
Views: 1071

Re: Month-to-Month lease nearing a year

Thank you very much for sharing this.

If we sign a yearly contract and if suppose find a home to purchase in about 3 months in to the lease, what is the typical action that follows - does the tenant pay for all the remaining months? or get a replacement and get away from the lease?

Thanks again!
by sman09
Tue Dec 03, 2019 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Month-to-Month lease nearing a year
Replies: 10
Views: 1071

Month-to-Month lease nearing a year

Dear BH After renting for about a decade now, we decided to actively look at buying a home. To force ourselves to actively do so we chose to be on a month-to-month lease since early this year. However, only over summer we got active and even made some offers which did not proceed further. Meanwhile ...
by sman09
Fri Oct 25, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: Fixing rear bumper
Replies: 13
Views: 1092

Re: Fixing rear bumper

We had a large dent in the corner of our rear bumper. I took it to a body shop where he heated the area with a hot air gun, and then popped out the dent with is hands and pushed on it with his knee. When he got finished, it was not perfect, but you would not notice it unless it was pointed out to y...
by sman09
Fri Oct 25, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: Fixing rear bumper
Replies: 13
Views: 1092

Re: Fixing rear bumper

If it's a simple ding or dent to the bumper you may be better off just living with it. Maybe the dent you can pop out yourself, sometimes its very simple, depending (look for youtube videos). The problem with repair or replacement of a bumper cover is that usually the painting required will general...
by sman09
Fri Oct 25, 2019 10:34 am
Forum: Personal Consumer Issues
Topic: Fixing rear bumper
Replies: 13
Views: 1092

Fixing rear bumper

We had someone bump in to our SUV while at the signal. The other party offered to pay out of pocket and to avoid using the insurance. The issue is some scratch on our bumper (marks on the bumper) and a slight ding in one place. We do not know if there could be any other issue internally though. What...
by sman09
Mon Aug 05, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is any AA better than cash in the bank?
Replies: 11
Views: 1238

Is any AA better than cash in the bank?

Dear BH I have been contributing to my 401k the last couple of years after having missed to take advantage of the 2017 period in a desire to see a higher take home pay and to avoid losing money in a stockmarket downturn :? Now that i'm convinced about the need to invest (and stay invested) also (fin...
by sman09
Wed Jul 10, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Limit on combined retirement contribution?
Replies: 13
Views: 1186

Re: Limit on combined retirement contribution?

Thank you Tamarind, Thesaints and retiredjg for the input. Is there a similar limit on how much a couple (filing returns jointly) invest in retirement accounts? No. Each person's limits are individual. Good to know! So, it appears i could technically contribute $19,000 each to my 403 and 457 plans a...
by sman09
Wed Jul 10, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Limit on combined retirement contribution?
Replies: 13
Views: 1186

Limit on combined retirement contribution?

Dear BH Reading online i find that per employee(individual), the combined employer+employee contribution towards retirement (401/403/457) should not exceed $56,000 in a year. Is there a similar limit on how much a couple (filing returns jointly) invest in retirement accounts? If so, does that limit ...
by sman09
Wed Jul 10, 2019 12:25 pm
Forum: Personal Investments
Topic: 25 years to retirement, advice on speeding up growth?
Replies: 62
Views: 5884

Re: 25 years to retirement, advice on speeding up growth?

Thank you Mullins and ruralavalon for sharing your thoughts on my question. I thought 50/50 was the way to go for the future after reading what Mr. Bogle had said. Your comments helps to understand that even Mr. Bogle's observation could be off the mark. Just for the love of the great work he has do...
by sman09
Sun Jul 07, 2019 11:29 pm
Forum: Personal Investments
Topic: 25 years to retirement, advice on speeding up growth?
Replies: 62
Views: 5884

Re: 25 years to retirement, advice on speeding up growth?

if I were to decide that I didn't want to work more, can't reduce livings expenses and therefore can't save more... given that I have ~143K invested, advice on reallocating or best to stay put? I'd not have bonds. I didn't have bonds. 100% stocks. Because you have a couple of decades for the stock ...
by sman09
Tue Jun 11, 2019 1:00 pm
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5695

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

CyclingDuo wrote:
Sun Jun 09, 2019 11:19 am

Does it pay to wait until a crash to enter the market?

Read this study...

Bide your time until a crash to enter market?

https://www.straitstimes.com/business/i ... ter-market
Excellent read! Thanks for sharing CyclingDuo.
by sman09
Tue Jun 11, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: Cleaning up new house before move in—getting rid of “cat smell”
Replies: 59
Views: 16872

Re: Cleaning up new house before move in—getting rid of “cat smell”

If there is no apparent cat smell, would it still be required to do a deep cleaning as is suggested above? Also, if one does not have any allergies (or at least does not know of having one), but still prefers a home that did not have a cat - would realtors be able to check beforehand on this to save...
by sman09
Mon Jun 10, 2019 10:58 pm
Forum: Personal Consumer Issues
Topic: Excel to Outlook - need some Visual Basic assistance
Replies: 3
Views: 601

Re: Excel to Outlook - need some Visual Basic assistance

I have seen some excellent videos by Jon Acampora (https://www.excelcampus.com/about/) on excel and in particular on VBA. He even conducts classes on VBA.

Not sure if he does freelancing. But worth a try reaching out and asking: https://www.excelcampus.com/contact/
by sman09
Mon Jun 10, 2019 10:49 pm
Forum: Personal Consumer Issues
Topic: Cleaning up new house before move in—getting rid of “cat smell”
Replies: 59
Views: 16872

Re: Cleaning up new house before move in—getting rid of “cat smell”

Very useful thread! Visited a home today that looked nice but right at the door the owner had a message to close the doors as they had cat (We could not see it when we were visiting there though). From the pictures in the wall, we could see that the family had kids including a baby/toddler. Would th...
by sman09
Fri Jun 07, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5747

Re: Close to making an offer on a home

Aside, we keep hearing and even reading here on BH that people offer to pay more than the list price. How does it work - given there will be an appraisal stage after this, would not the bank agree to offer a loan for only $x for the loan whereas $x + 10,000 is what may be needed? Do sellers pay for...
by sman09
Fri Jun 07, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5747

Re: Close to making an offer on a home

You are nickle and diming I guarantee both the seller and your real estate agent will come up annoyed! Stop! Thank you for the heads up. I am not sure if you are referring to the point about being concerned about paying for the HOA transfer fee from our end. there are 2 reasons we were concerned, a...
by sman09
Fri Jun 07, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5747

Re: Close to making an offer on a home

Thank you again everyone for the additional inputs. To @nowizard's point "If the home you mention already has offers, then expect to have your offer rejected" the offer we made was followed up with a counteroffer with the 3 items to which we agreed. So, we can move ahead if we want to. Prior to givi...
by sman09
Thu Jun 06, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5747

Re: Close to making an offer on a home

2.) Is the offer contingent on an inspection? This process should help ease your minds that you are getting exactly the house you agreed to purchase and give you a very simple way to leverage some repairs as another negotiation. yes, it is contingent on inspection 4.) The document is signed so try ...
by sman09
Thu Jun 06, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5747

Re: Close to making an offer on a home

Thank you @olemiss540 and @barnaclebob for further inputs to guide our thinking. Interestingly in our case after signing the accepting the counteroffer, we lost interest in the home, so to speak. As in not looking at the pictures and talking anything about the home and doing everything else. Your in...
by sman09
Thu Jun 06, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5747

Re: Offer responded with counter offer

Thank you everyone for your inputs that were very helpful! I read the advice that came in many times trying to internalize the core essence and over the last few days been using them as guidelines in shortlisting homes. The most prominent one i keep recalling is - if putting in a 20% down payment (a...
by sman09
Sat May 25, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5747

Close to making an offer on a home

Dear BHs We are first time home buyers with little knowledge of the process. Thanks to the support and guidance we got here, got the confidence to start the process (that we had put off for several years now), visited several homes while keeping the advice we got here in mind, shortlisted a few and ...
by sman09
Wed May 22, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan - Checking with multiple lenders
Replies: 8
Views: 445

Re: Home Loan - Checking with multiple lenders

Thank you! That's good to know. I started the process few months ago just with my details to get started and there was a credit pull. Two days later, we called the lender to add my spouse also and there was another pull and both have been reported. As things became busy, i made an application with t...
by sman09
Wed May 22, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan - Checking with multiple lenders
Replies: 8
Views: 445

Re: Home Loan - Checking with multiple lenders

Appreciate your quick response! Yes, that was my understanding. I noticed that my credit scored had dropped by a few points - normally, i would not care for it. But it brought the score below 770 as seen from Creditkarma. In case 770 and more was a cut off for a favorable rate, i was concerned as to...
by sman09
Wed May 22, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan - Checking with multiple lenders
Replies: 8
Views: 445

Home Loan - Checking with multiple lenders

I recall reading here that multiple inquiries from lenders for home loan would be considered as one inquiry in credit report.

However, in my credit karma report, i find two inquiries from the same lender made 2 days apart has been reported as separate credit pulls. Why would this be?
by sman09
Mon May 06, 2019 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

Re: First Home Purchase - request for guidance

Thank you for the inputs and for sharing your experience selling your home. We sold last year in north pierce county. We listed Thur morning and limited viewing. By Friday night we had 6 decent offers. My sense of fairness kicked in. We gave everyone until 10 am Monday morning for best and final. We...
by sman09
Mon May 06, 2019 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

Re: First Home Purchase - request for guidance

The advice about taking lots of pictures is really important. Take some while looking at all houses. But when you narrow down on a given property, try to go back and take A LOT of pictures. (This assumes you're not in a super-hot seller's market where there isn't time to dilly dally on submitting a...
by sman09
Mon May 06, 2019 1:10 am
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 436
Views: 117486

Re: If your net worth is over $3 million, how did you do it?

Our recipe: - Both working full time and living below means - Maxing our pretax, after tax 401k into TR index - Maxing our ESPP, selling immediately and buying index - Reducing paycheck after deduction to monthly expenses - Using mint to budget, monitor and reduce expenses - Paying off mortgage pri...
by sman09
Sun May 05, 2019 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

Re: First Home Purchase - request for guidance

Any other tips/suggestions to consider as we move forward is also greatly appreciated. One thing that is critical is to get a good home inspector so you should be asking people if they have a good one that they would recommend and then find out as much as possible about how good they are. Spend ple...
by sman09
Sun May 05, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

Re: First Home Purchase - request for guidance

Any other tips/suggestions to consider as we move forward is also greatly appreciated. One thing that is critical is to get a good home inspector so you should be asking people if they have a good one that they would recommend and then find out as much as possible about how good they are. Spend ple...
by sman09
Sun May 05, 2019 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

Re: First Home Purchase - request for guidance

1). I’m currently doing a refi via Better.com. No origination fee, and I couldn’t find anybody that could beat their rate. Thank you AerialWombat! Good to hear about the no origination fee on the loan. Perhaps i will go with my bank as it is for pre-qual and consider Better.com when it comes time f...
by sman09
Sun May 05, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

Re: First Home Purchase - request for guidance

Thanks a lot Bogle_Bro for your help - Great to know that you are a loan officer! Sometimes agents will say you dont want to "show your hand" by showing you could pay more. the flip side of that is that you also dont want to look like you barely qualify either. Id recommend just getting a single let...
by sman09
Sun May 05, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

Re: First Home Purchase - request for guidance

Remember many agents want to just get you to buy at the highest price where their commission will go up (again my experience). Always do your own due diligence on a fair price for a home, don’t depend on the agent to tell you what to offer. That's something i always thought was possible although fr...
by sman09
Sun May 05, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

Re: First Home Purchase - request for guidance

A general point, you say nothing about income and other debt so I am assuming you only want answers to your specific questions. 1. The banks will say your qualified for a lot more than you want or need. It is no big deal one way or the other as long as you are disciplined and stay within what you c...
by sman09
Sun May 05, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

Re: First Home Purchase - request for guidance

In my experience, the online lenders have much lower rates (1% better) than local brick and mortar. Many even offer no closing costs. I would definitely check out a few online lenders. I've used Provident Lending in the past but there may be better options now. I would try to find one that offers a...
by sman09
Sun May 05, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - request for guidance
Replies: 19
Views: 1558

First Home Purchase - request for guidance

We are in the process of applying for a pre-approval for home mortgage and need some guidance. We are in our mid-30s and this is our first home purchase. We have about $150,000 in savings in bank and about $180,000 in investments (mostly in 401k). We are on a fairly modest income and that's one of t...
by sman09
Wed Mar 27, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: TLH, Wash sale and Tax filing - Guidance requested
Replies: 15
Views: 809

Re: TLH, Wash sale and Tax filing - Guidance requested

Got the tax documents from the AI startup and per their report had a short term gain of $96 ($95.99) and Wash Sale loss (disallowed) of $8.15 Taking only the gains from these 3 companies it appears the total short term gain was about $450. Per the advice received here, i intend to declare this amoun...
by sman09
Tue Mar 26, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: TLH, Wash sale and Tax filing - Guidance requested
Replies: 15
Views: 809

Re: TLH, Wash sale and Tax filing - Guidance requested

Just to clarify, i would add the claimed losses also as income to the short term gains in that list and include it in my returns right? No, you would just say the losses are $0. Form 8949 is where you enter the information. You will see that you enter proceeds and cost, then adjustments. For the lo...
by sman09
Tue Mar 26, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: TLH, Wash sale and Tax filing - Guidance requested
Replies: 15
Views: 809

Re: TLH, Wash sale and Tax filing - Guidance requested

With numerous gains and losses under 5 cents I kinda have to laugh because this looks like the very definition of "churning." That is, if you had to pay commissions, then you would probably have your account go to zero. Further to this, Betterment is definitely Worserment in that they don't seem to...
by sman09
Tue Mar 26, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: TLH, Wash sale and Tax filing - Guidance requested
Replies: 15
Views: 809

Re: TLH, Wash sale and Tax filing - Guidance requested

If you add up all the losses, it looks to be less than $200. If you were to declare all those wash sales, it would add $200 to your income. How much tax would you owe on that and is it worth it to not have to figure out which were the true washes? If you want to figure it out, you just need to look...
by sman09
Mon Mar 25, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: TLH, Wash sale and Tax filing - Guidance requested
Replies: 15
Views: 809

Re: TLH, Wash sale and Tax filing - Guidance requested

<<First of all, were there any losses in the transactions? If so, that targets where you need to worry about wash sales. Thanks for the pointer Earl Lemongrab. Here is some information in case you are able to offer any further advice. At wealthfront there seems to have been 10 transactions and these...
by sman09
Mon Mar 25, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: TLH, Wash sale and Tax filing - Guidance requested
Replies: 15
Views: 809

Re: TLH, Wash sale and Tax filing - Guidance requested

Considering what an accountant would likely charge to go through a bunch of statements, I'd try to figure it out yourself first. Thanks a lot Earl Lemongrab and rkhusky for the additional inputs. <<Your tax consultant needs the list of purchases and sales in all the accounts. How many transactions ...
by sman09
Mon Mar 25, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: TLH, Wash sale and Tax filing - Guidance requested
Replies: 15
Views: 809

Re: TLH, Wash sale and Tax filing - Guidance requested

Thanks a lot @livesoft and @rkhusky. The information at the link that @livesoft shared looks very useful - have bookmarked it for reading. @rkhusky: thanks for suggesting the various options and for pointing me to the article. I closed the account last year itself - all the accounts were simultaneou...
by sman09
Sun Mar 24, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: TLH, Wash sale and Tax filing - Guidance requested
Replies: 15
Views: 809

TLH, Wash sale and Tax filing - Guidance requested

Some background information: With little knowledge of investing and thinking we were saving money from being lost in a market downturn, did not contribute towards 401k in 2017 and ended up writing a sizeable check during tax filing season in 2018. This triggered reading up about investing, talking t...
by sman09
Thu Jan 03, 2019 11:48 pm
Forum: Personal Consumer Issues
Topic: Prepaid cell phones
Replies: 18
Views: 1565

Re: Prepaid cell phones

Thanks a lot everyone for the inputs!
by sman09
Thu Jan 03, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: Prepaid cell phones
Replies: 18
Views: 1565

Re: Prepaid cell phones

one of the things i had in mind is to eventually cut down on the monthly cell phone bill expenses (just realized we are paying $900+ every year and make very few phone calls that need cellular network - most of them are using apps - skype, whatsapp and such and able to justify spending so much give...