Search found 297 matches

by Jablean
Thu Aug 15, 2019 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Way behind and want to make sure we're on right track
Replies: 16
Views: 1373

Re: Way behind and want to make sure we're on right track

Greetings Bogleheads! My wife and I are both 36. We (but mostly me) lived stupid and beyond our means for years, going into debt and saving very little. Last year we had a baby and it was a wake up call. I am tying to get on track to ensure comfort and security for my family in the future. Income: ...
by Jablean
Sat Aug 10, 2019 4:42 am
Forum: Personal Finance (Not Investing)
Topic: New independent contractor
Replies: 4
Views: 619

Re: New independent contractor

Step 1, pull out your 2018 tax software, start a new return and plug in what you think this year's numbers will be. I found that health insurance premiums were taken by TurboTax - but that was back before the new tax laws. We are under the ACA cliff right now and pay $0 in premiums so I don't know i...
by Jablean
Sat Aug 10, 2019 4:25 am
Forum: Personal Finance (Not Investing)
Topic: Have you started a blog?
Replies: 32
Views: 3016

Re: Have you started a blog?

Don't get into it if you are just looking for easy money. It isn't there. If you have unique talents or information, there is definitely money to be made. It also can die almost overnight. My cousin was a successful "mommy-blogger", started just when the blogging craze hit and was making serious mo...
by Jablean
Mon Aug 05, 2019 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Medicare vs Eye Docs
Replies: 34
Views: 3226

Re: Medicare vs Eye Docs

We work for opthomalogists. We only visit opthomalogists. Ours do everything with eye glasses onsite (although cheaper elsewhere) So per google research regular Medicare is not going to cover eye exams unless you are diabetic or at risk of glaucoma. Now if you are on a Medicare Advantage plan like m...
by Jablean
Fri Aug 02, 2019 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Why won’t anyone hire me?
Replies: 156
Views: 16018

Re: Why won’t anyone hire me?

Do a post mortem after each interview - what questions did they ask, how did you answer. Were the questions in line with the job description. What questions did you ask. If you need skills you can get free classes with/without low fee certification at Coursera. For example their Excel Skills for Bus...
by Jablean
Wed Jul 31, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Storing documents--- trust, will, etc.
Replies: 22
Views: 2144

Re: Storing documents--- trust, will, etc.

I'm not sure where my mom kept hers. While she was dying (leukemia) she said safe deposit box, at times when we had gone over things before she left for a trip she had said a certain file cabinet or the SDB keys would be in a certain dressor. So after her passing I couldn't get into the safe deposit...
by Jablean
Tue Jul 30, 2019 1:08 am
Forum: Personal Investments
Topic: How do I convert part of my Rollover IRA to my Roth?
Replies: 16
Views: 1167

Re: How do I convert part of my Rollover IRA to my Roth?

Estimated taxes are usually paid quarterly. When you do taxes you will input when you paid each estimated tax installment. If the tax form determines you should have paid more in estimated earlier in the year it may fine you.
by Jablean
Tue Jul 30, 2019 1:01 am
Forum: Personal Investments
Topic: inherited annuity contract
Replies: 8
Views: 1050

Re: inherited annuity contract

For me, inheriting from my mother, it was based on if I cashed it out it all counted as income and would put me over the ACA cliff. So we rolled it into an variable annuity for me and I have RMDs because it also was qualified but I can take above the RMD if I want.
by Jablean
Mon Jul 29, 2019 11:38 pm
Forum: Investing - Theory, News & General
Topic: Setting up a 401K...
Replies: 6
Views: 597

Re: Setting up a 401K...

Kudos for thinking ahead for your employees. We had a company that rolled our 401k about 3 times in 9 years (the first 6 without a match). Each time is was catchup time to figure out which funds to be in. They had some automatic rolls but each time there were more options to choose from. The last wa...
by Jablean
Mon Jul 29, 2019 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Learned you cannot have Individual Roth 401(k) and SEP-IRA running simultaneously. How do you fix it?
Replies: 20
Views: 1508

Re: Learned you cannot have Individual Roth 401(k) and SEP-IRA running simultaneously. How do you fix it?

But couldn't you argue that while the vendor opened an account titled 401k that since the company (OP) never filed proper paperwork then the 401k was never real especially as no $ went into it. I went with a SEP too and since we are watching ACA cliff then our business income is such that SEP plus r...
by Jablean
Mon Jul 29, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9667

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

Define what wealthy means to you and what makes a mistake different than a learning experience. When the market is in upswing check your accounts and fill in your spreadsheet (you do have a spreadsheet right?) every month/quarter and smile at your net worth going up. When the market is in a downswin...
by Jablean
Mon Jul 29, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Step Up in Basis (Community Property State)
Replies: 8
Views: 582

Re: Step Up in Basis (Community Property State)

50% (survivor's portion) no step up in basis
50% (inherited portion) gets step up in basis
by Jablean
Mon Jul 29, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: multiple small previous job 401 K driving me crazy!
Replies: 8
Views: 775

Re: multiple small previous job 401 K driving me crazy!

Are these all with the same employer as he currently works for? Are you getting current statements? I'd roll everything from an earlier employer into an IRA account. Preferably at a broker (Fidelity or Vanguard) that you select. All 401ks can be rolled into one IRA. The broker will walk you thru all...
by Jablean
Mon Jul 29, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: When to get attorney after car accident?
Replies: 27
Views: 3555

Re: When to get attorney after car accident?

Having worked for an insurance agency and seen the notes written in claim files I will say everything they offer you without an attorney is low low balling. I was always of the opinion, my insurance will take care of me and they'll make sure the other firm pays up. Nope, they just want it closed als...
by Jablean
Sun Jul 28, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to treat an IRA as part of an inheritance?
Replies: 9
Views: 813

Re: How to treat an IRA as part of an inheritance?

Inheriting Roths is great - there are RMDs that may be required immediately (dependent upon original owner's age). RMD calculations are slightly different for inherited Roths than original owner. No tax on inherited Roth withdrawals even if inheritor is under 59 1/2. Inherited IRAs are more problema...
by Jablean
Sun Jul 28, 2019 12:53 am
Forum: Personal Consumer Issues
Topic: Cheapest way to finance home improvements?
Replies: 18
Views: 1751

Re: Cheapest way to finance home improvements?

If dad is spry enough to think about going up/down basement stairs then he is plenty spry enough to camp out in a trailer and coming in to use the rest room. We did this with my dad every winter for 15-20 years. If dad does need to move in with you then a bedroom is all he really needs. I know it's ...
by Jablean
Sat Jul 27, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with Costco Citi Visa?
Replies: 34
Views: 4583

Re: Experience with Costco Citi Visa?

Yep, they want you in the store to spend that money they are giving you. Depending on your membership level you may get another rebate check for that too depending on how much you spend in the store.
by Jablean
Sat Jul 27, 2019 7:55 pm
Forum: Personal Consumer Issues
Topic: Educational assistance for relative, advise wanted.
Replies: 8
Views: 885

Re: Educational assistance for relative, advise wanted.

Do encourage her to take some fun or interesting classes. Still keep her grades up but a gift of learning for learning's sake and not just for earning's sake is priceless.
by Jablean
Sat Jul 27, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: deck material: PVC vs. wood composite
Replies: 4
Views: 568

Re: deck material: PVC vs. wood composite

The plastic is a lot more bendy we found so you need to put your supports closer together. We put it on a small hot tub deck. No slivers, no upkeep. Haven't even thought about it for the last decade. We did the grey color, I had to just go out and check it to make sure if I remembered right and it w...
by Jablean
Sat Jul 27, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 53
Views: 5083

Re: How much to save?

Wow, from looking up that most Texas teachers aren't paying money into Social Security (district by district basis) and that the Texas teacher pension fund is underfunded too I wouldn't count anything you are paying into the system as "savings". You need to be prepared for the pension system to go ...
by Jablean
Fri Jul 26, 2019 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 53
Views: 5083

Re: How much to save?

Wow, from looking up that most Texas teachers aren't paying money into Social Security (district by district basis) and that the Texas teacher pension fund is underfunded too I wouldn't count anything you are paying into the system as "savings". You need to be prepared for the pension system to go b...
by Jablean
Fri Jul 26, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Help me convince the board that our company needs a budget!
Replies: 13
Views: 869

Re: Help me convince the board that our company needs a budget!

Start a month or a quarter at a time looking at cash flow. Showing that you are looking at how much money you need to have readily on hand to pay the next quarter's bills. But start with your wife, the company President, on an actual budget. Is there a rule against meeting with her, by herself? What...
by Jablean
Thu Jul 25, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: How do you move past old financial mistakes?
Replies: 57
Views: 5330

Re: How do you move past old financial mistakes?

Have you been stressing for each of the last 15 years or did you just recently start paying attention? Do your kids have great friends? Are you closer to family? Did you like that other house or is it just the $ you miss? Are your property taxes lower, how much could you have been paying for them in...
by Jablean
Thu Jul 25, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Use HSA or pay Out Of Pocket?
Replies: 30
Views: 2066

Re: Use HSA or pay Out Of Pocket?

So kind of a backdoor HSA to Roth for those with minimal cash flow who are in their early years and can't afford to fill their Roth bucket but who perhaps are paying quite a bit in medical bills, ie maybe a young family. Example would be $1000 into HSA, $1000 out to reimburse medical bills, same $10...
by Jablean
Thu Jul 25, 2019 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Feel like we are spinning our wheels (financially speaking). How far behind are we?!
Replies: 63
Views: 6968

Re: Feel like we are spinning our wheels (financially speaking). How far behind are we?!

I'm not sure if you as a family have actually discussed what it takes to get to your goals. Not that you aren't doing fine but you seem to be in a have money spend money mentality. And most of this comes from attitudes, and protective responses, regarding your cars. Can't buy used? Not just 1 but 2 ...
by Jablean
Wed Jul 24, 2019 2:39 am
Forum: Personal Finance (Not Investing)
Topic: Help figuring out how to enter SALT (state tax) deduction data in Turbotax
Replies: 20
Views: 905

Re: Help figuring out how to enter SALT (state tax) deduction data in Turbotax

"State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box." Most people just leave it at the income taxes in which case TurboTax will c...
by Jablean
Wed Jul 24, 2019 2:31 am
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 145
Views: 14546

Re: Is solar power for your home a worthwhile investment?

I need a new 8000 sf roof for my office building, and called three solar installers so see if I could add panels as part of that. Not one would even give me a bid. :annoyed I appreciate that you are trying. I think commercial roofs should be the new solar farm which I'm not fond of ecologically.
by Jablean
Wed Jul 24, 2019 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Dogs and homeowners insurance company
Replies: 86
Views: 5684

Re: Dogs and homeowners insurance company

All dogs are different. First pit mix rescue would face down a ninja with a night stick (or window installer with a nail gun) and yet immediately turn to play mode if I said it's ok. He threw balls over the fence so "friends" could play with him, everyone else walked on the other side of the street...
by Jablean
Wed Jul 24, 2019 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Pay off a 30 year mortgage in 15 years? The cost of flexibility
Replies: 100
Views: 14532

Re: Pay off a 30 year mortgage in 15 years? The cost of flexibility

Always check different banks/credit unions for different years. Some will have a special on the 30 yr while another will have one on the 15yr. Credit Unions tend to give you partial % discounts if you also have money with them so an advertised 3.25 might actually cost you 3.15. Having the 30yr made ...
by Jablean
Wed Jul 24, 2019 12:30 am
Forum: Personal Finance (Not Investing)
Topic: new job doesn't have HDHP/HSA but I already contributed the max for 2019
Replies: 4
Views: 884

Re: new job doesn't have HDHP/HSA but I already contributed the max for 2019

Pull it out of yours, plug it into hers. 7000 counts for family and since the kids are on hers they are the family side. Full $7000

I'm not sure of your math as you are pulling out 5 months worth but you say your job started in June.
by Jablean
Tue Jul 23, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Dogs and homeowners insurance company
Replies: 86
Views: 5684

Re: Dogs and homeowners insurance company

All dogs are different. First pit mix rescue would face down a ninja with a night stick (or window installer with a nail gun) and yet immediately turn to play mode if I said it's ok. He threw balls over the fence so "friends" could play with him, everyone else walked on the other side of the street....
by Jablean
Tue Jul 23, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Would you have your teen attend a meeting with your CFP?
Replies: 33
Views: 1811

Re: Would you have your teen attend a meeting with your CFP?

Know your kid. Mine's an only, we his parents are older already, maybe he needs to know more. I took mine to my first meeting for dealing with inheritance from my mother who was invested with W&R. Over $20,000 was coming to him as a UTMA and he was 17 at the time. Kid was impressed with the commas b...
by Jablean
Sun Jul 21, 2019 12:08 pm
Forum: Personal Consumer Issues
Topic: **Most Cost, Time Effective Way to Repair Yard after Septic Repair? (with pictures)
Replies: 27
Views: 1762

Re: **Most Cost, Time Effective Way to Repair Yard after Septic Repair? (with pictures)

But if you put straw down isn't that a pain to either seed or sod over it?
by Jablean
Sun Jul 21, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance Options Advice
Replies: 8
Views: 628

Re: Mortgage Refinance Options Advice

I'm in the is refinancing a thing for less than a percentage point difference? Maybe it is in high COL because the overall costs outweigh the closing costs. Why not keep the current mortgage and just pay it off faster. Each of your options is likely to have different closing costs. I went from 7% to...
by Jablean
Sun Jul 21, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying Off Mortgage Question
Replies: 77
Views: 7169

Re: Paying Off Mortgage Question

I love it when people think that conservative growth is 5-6% when we are excited when economic growth gets close to 3%. I also know that history is on your side but in history we've had more rational hands in charge of when to goose or not goose the economy. Our family has always said that we were c...
by Jablean
Sat Jul 20, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Soliciting 529 money in lieu of birthday/Christmas gifts
Replies: 12
Views: 1501

Re: Soliciting 529 money in lieu of birthday/Christmas gifts

What does the kid want? The birthday is for him.
Mom and dad can ask for money on their birthdays to put toward their son's 529 but don't take over his birthday unless he really doesn't care.
by Jablean
Sat Jul 20, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting Mileage for Business Meetings
Replies: 9
Views: 1000

Re: Deducting Mileage for Business Meetings

If you deduct for a home office you should be able to deduct for any travel. I do it for 2 miles etc, it all adds up and since I have so few other expenses I really need all I can get. You need to be able to say why you traveled and log the date etc but it all counts and you don't have to report the...
by Jablean
Sat Jul 20, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: HDHPs now allowed to cover maintenance for chronic conditions before deductible
Replies: 2
Views: 603

Re: HDHPs now allowed to cover maintenance for chronic conditions before deductible

So those of us who have claimed Lisinopril costs for years along with antibiotics have been breaking the law on half our claims?
by Jablean
Fri Jul 19, 2019 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Income below100% FPL-danger of ACA subsidy?
Replies: 41
Views: 3191

Re: Income below100% FPL-danger of ACA subsidy?

I'm confused by this statement: "Our state does not enforce medicare enrollment based on income level." Do you mean Medicaid? Yes. No enforced enrollment on medicaid/medicare based on income level. ACA is based on best guess estimate of MAGI and we won't make over 9000 this year. No other options t...
by Jablean
Fri Jul 19, 2019 5:15 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy vs Roth conversions
Replies: 35
Views: 3112

Re: ACA subsidy vs Roth conversions

This over 65 and under 70 conversion sound good but what about for married couples. There is a 4 year difference between myself and spouse, seems I'd only get one year of time to convert for the older spouse while the younger spouse could convert for 5 years.
by Jablean
Tue Jul 16, 2019 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 153
Views: 34741

Re: Have $3m at 33, "approach to career" advice needed

You can have jobs you don't get paid for. You said that in your trial job this year you enjoyed the meeting people aspect and you said you had a passion for the job where you made your money. What are you doing every week right now - without a paying job - that includes those things? Do you like att...
by Jablean
Tue Jul 16, 2019 12:21 am
Forum: Personal Investments
Topic: Fidelity zero-fee index fund questions
Replies: 18
Views: 3960

Re: Fidelity zero-fee index fund questions

I purchased equal amounts of both to test not long after they were first offered last summer
FSKAX .015 Fidelity Total Market Index
FZROX .00 Fidelity Zero Total Market

The zero fund has outperformed the other 21.5% to 20.9% YTD and 6.8% to 4.8% since 6/30/18
by Jablean
Sat Jul 13, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ira
Replies: 21
Views: 1977

Re: Inherited ira

Money you don't roll over will be taxed if traditional IRA and not Roth. Do you have an ACA cliff to worry about? I did, could not do the lump withdrawal or even the 5 year as we would have rolled over the cliff and be socked with major health insurance bills. Rolled over IRAs are called BDAs by Fid...
by Jablean
Sat Jul 13, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to Safely Share User IDs / Passwords with Spouse
Replies: 79
Views: 7217

Re: How to Safely Share User IDs / Passwords with Spouse

Paper and paper trail - I don't keep much on the computer, they'll have to trash the house to get em Statements delivered on quarterly basis - e-delivery to often means no-delivery Never change passwords unless they make me, don't crossover passwords with personal and financial accounts Point to loc...
by Jablean
Sat Jul 13, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 182
Views: 33280

Re: Cash - Throw it all on the table!!!

My local credit union should like me and I like that they let me make as many accounts as I want. After handling my mom's estate in 2017 I like having things local that transfer fast and easy to the family, getting access to inherited funds was a PITA. I was happy to have funds available to cover es...
by Jablean
Sat Jul 13, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: Safe DIY Spider Control
Replies: 16
Views: 932

Re: Safe DIY Spider Control

I buy Home Defender or something like that pre-mixed spray from Fred Meyer. Says safe indoors and out so fairly mild to humans. You pump and spray (or some have a battery in the spray arm) and apply on the outside wall up 2 feet and on the ground out 2 feet plus around windows and doors. Keep your a...
by Jablean
Sat Jul 13, 2019 1:45 pm
Forum: Personal Investments
Topic: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)
Replies: 70
Views: 6115

Re: SIMPLE IRA - Transfer of Funds from Edward Jones to Fidelity (Send help!)

I've found that it's best to have the entity (ie Fidelity) receiving the funds to request transfers. That saves you one step. But my transfers were one time only. Hopefully when you call on Monday they will tell you if you can set up a re-occurrence sweep (my words) that requests the transfer monthl...
by Jablean
Fri Sep 14, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: Backyard Deck Question
Replies: 2
Views: 440

Re: Backyard Deck Question

I would think the ungrooved would feel better to bare feet. Do the grooves keep snow/ice in them?
by Jablean
Fri Sep 14, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 3242

Re: Picking a Charity

Consider something local that you believe in and know about. That is probably best. If you go for something national or global, carefully research online how much of your money is going to administration and how much is actually getting to the source. Also consider that if you give to a specific ca...
by Jablean
Mon Sep 10, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Fine tuning income around the ACA cliff
Replies: 24
Views: 2481

Re: Fine tuning income around the ACA cliff

Sounds to me like you are tracking everything. We are both working and self employed so a lot of variable income. I run a spreadsheet with all my estimates at the start of the year and then adjusted as I get real numbers .