Search found 16 matches

by Bortky
Fri Oct 18, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 15193

Re: I bought a STOLEN vehicle!!!

This topic is really going to play well with the paranoid, risk averse nature of many on the forum (especially as it relates to third party transactions). Sorry that you’re in this situation. It sounds like you did everything the right way and it still came up snake eyes. Agree with this. Really so...
by Bortky
Wed Oct 09, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question related to large Roth Conversion
Replies: 13
Views: 1248

Re: Tax Question related to large Roth Conversion

It is enough that you have withheld from your W-2 job at least the same amount of taxes as your 2018 tax liability. This is called a safe harbor. However, if your 2018 AGI was over $150,000, then the amount of withholding for the safe harbor to apply needs to be at least 110% of your 2018 tax liabi...
by Bortky
Wed Oct 09, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question related to large Roth Conversion
Replies: 13
Views: 1248

Re: Tax Question related to large Roth Conversion

There have been a couple threads with well written responses in the last couple weeks on this topic. The best choice in your situation is probably to meet the safe harbor requirements through withholding, if possible. Since it sounds like your income is over $150 k, you would need to have withholdi...
by Bortky
Mon Oct 07, 2019 11:59 am
Forum: Personal Consumer Issues
Topic: 2010 Prius totaled.... Now what?
Replies: 40
Views: 3701

Re: 2010 Prius totaled.... Now what?

Is it currently driveable? If it is and you can bang out dents with a sledge hammer and maybe zip tie some plastic together while you're looking for used bumper covers in a junkyard. If the car is totaled, and you are willing to continue driving it, ask what the buy back is. I just recently went th...
by Bortky
Thu Jul 25, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3742

Re: First Home Purchase - Disagreement on Appraisal Contingency

Well it's clear the buyer is already planning to put more than 20% down. There is typically no difference in the rate of a 80% LTV mortgage and a 75% LTV one....but would confirm this with OP's lender. OP said the $25k was 4% of purchase price....so doesn't sound like this is an issue at all. (I'm ...
by Bortky
Thu Jul 25, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3742

Re: First Home Purchase - Disagreement on Appraisal Contingency

Citing the fact that I am putting more than 20% down as a reason that I will still get my desired mortgage product if the property appraises low. That's not necessarily true. A bank will only give a mortgage up to the appraised value less the 20% down payment. If the house appraised for 25k less th...
by Bortky
Fri Nov 09, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Double-check your contributions to tax-advantaged accounts this time of year
Replies: 15
Views: 1838

Re: Double-check your contributions to tax-advantaged accounts this time of year

It's looking like I will be short in my HSA. Can I just make a lump sum deposit from my bank near the end of the year to reach the max and then deduct the max from my taxable income?
by Bortky
Fri Nov 02, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: Got a letter from WebBank c/o Dell Financial Services
Replies: 5
Views: 1087

Re: Got a letter from WebBank c/o Dell Financial Services

This same thing just happened to my Sister. It turned out someone tried to get a loan in her name. She called Dell Financial Services, told them it wasn't her and they cancelled the application. Make sure to lock your credit after this, well, after you finish the mortgage process. Until then, trace ...
by Bortky
Fri Sep 21, 2018 8:19 am
Forum: Personal Consumer Issues
Topic: Looking for best quality indoor security camera
Replies: 9
Views: 616

Re: Looking for best quality indoor security camera

I recently got the Wzye camera's and have been happy with the resolution/picture quality.
by Bortky
Mon Sep 17, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Cheap Flights
Replies: 23
Views: 2526

Re: Cheap Flights

Also look on google flights for availability/price. I agree with the other poster to book with the airline directly when the time comes. (unless you are looking for SW. SW doesn't show up on the other search engines) Sometime booking with Expedia et al. will create problems if the flight is cancelle...
by Bortky
Thu Sep 13, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Review
Replies: 15
Views: 1434

Re: Credit Card Review

Personally I'd just sock drawer the Slate and let Chase cancel it. I agree with this. Don't cancel the card unless there is an Annual fee. Just use it once a year and pad you age of account. I probably wouldn't look to close the AAdvantage card, but instead product change it to the AAdvantage MileU...
by Bortky
Thu Sep 06, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Need Help, Dummy Buying A Car!
Replies: 21
Views: 1564

Re: Need Help, Dummy Buying A Car!

Considering I don't know any mechs in the general area, or where these cars are, do you think it would be prudent, before going to see a car, calling local mechanics around the seller to price out how much it would cost to look the car over, and check availability? That seems to be my best option l...
by Bortky
Thu Sep 06, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Need Help, Dummy Buying A Car!
Replies: 21
Views: 1564

Re: Need Help, Dummy Buying A Car!

Everyone on here is giving decent advice. Know that when you buy a 2k car off CL there will be some mechanical issues that will cost money within the first year. Look at the tires, buying new tires before winter can set you back 400, easy. I'd also stay away from German cars, they will cost more mon...
by Bortky
Mon Aug 20, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 8323

Re: Reckless driving ticket in VA-Help!

I got a similar ticket in VA. I went to court, pled guilty, and explained that it was my first offense and it was a mistake. Then I offered to take some sort of driving school/class. The judge knocked it down to 9 over and I paid my fine. Took an online driving class, but others had to do an in-pers...
by Bortky
Tue Aug 07, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I close a newly opened card that I no longer use?
Replies: 18
Views: 1086

Re: Should I close a newly opened card that I no longer use?

There definitely isn't a fee to transfer a credit limit to a different card.

I'd wait to cancel the card until right before the annual fee is to be charged. Your average age of account looks back even on your closed cards so it is better to have a card open for 1 year than 3 months.
by Bortky
Thu Jul 19, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Can churning negatively affect getting a good mortgage rate?
Replies: 19
Views: 1627

Re: Can churning negatively affect getting a good mortgage rate?

Yes, churning definitely affects your credit score and likely to the negative because your average account history length will be very short and your credit limit vs your income will be very high. Please correct me if I am wrong, but I do not believe credit limit vs your income affects your credit ...