Search found 45 matches

by 10.06am
Fri Nov 22, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Yet another "do I need Umbrella insurance post?"
Replies: 30
Views: 1690

Re: Yet another "do I need Umbrella insurance post?"

I think it is also worth noting that your retirement accounts may be protected, but future payments from them are not. If your $1m in 401k is going to fund a stream of payments for your retirement, those payments can sometimes be garnished. It gets even easier if you are already taking those payment...
by 10.06am
Thu Sep 05, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: Where To Convert Czech Republic/Croatia Currency to U.S. Dollars
Replies: 11
Views: 836

Re: Where To Convert Czech Republic/Croatia Currency to U.S. Dollars

Travelex offers monetary exchange by mail. I did it for about $500 worth of Dinars. The check came in about two weeks. The rate was decent.

https://www.travelex.com/media/1295/sel ... final.pdf
by 10.06am
Fri Aug 30, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: What, besides dishes, do you run through your dishwasher?
Replies: 85
Views: 6743

Re: What, besides dishes, do you run through your dishwasher?

I fixed up an old sailboat. Plastic panels, plastic caps, etc from the interior all went through the dishwasher and came out great.
by 10.06am
Fri Aug 30, 2019 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6388

Re: Advice for after getting high income

To much income? Have you considered getting into boating?
by 10.06am
Wed Aug 28, 2019 6:36 am
Forum: Personal Consumer Issues
Topic: Purchasing a truck - thoughts?
Replies: 105
Views: 7111

Re: Purchasing a truck - thoughts?

I have a 2017 Silverado with the double cab (extended cab). Comfortable seats with adjustable lumbar support. It rides very nice and fits carseats in the back. Five star safety rating. I have also had five adults in it for a 4 hour ride without any major complaints. I paid $30k for Certified Used wi...
by 10.06am
Thu Aug 22, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Homeowner's insurance - replacement cost
Replies: 24
Views: 1457

Re: Homeowner's insurance - replacement cost

Clothes are a great example of why Replacement Cost on Personal Property is a good idea. Furniture is another. If you don't have Replacement Cost (RC), your contents are going to be paid at Actual Cash Value (ACV). Replacement Cost on my 10 year old Queen mattress might be $1,200. ACV on a 10 year o...
by 10.06am
Thu Aug 01, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Farmer's Insurance Policy: is there an umbrella policy with fewer exclusions?
Replies: 11
Views: 1223

Re: Farmer's Insurance Policy: is there an umbrella policy with fewer exclusions?

This is a Personal Umbrella policy. If you want to cover business exposures you will need a Commercial Umbrella. Your employer should be covering you as their employee for your activity as a manager. Ask HR what their coverage is for Employment Practices Liability (EPL/EPLI). Do you have underlying ...
by 10.06am
Wed Jul 17, 2019 7:41 am
Forum: Personal Investments
Topic: 529 for adult student (Michigan)
Replies: 4
Views: 267

Re: 529 for adult student (Michigan)

You can’t get a tax deduction for funding a 529 for someone who is not a spouse or blood relative. Please correct me if I'm wrong. I believe Michigan allows any 529 contribution to be deducted from income regardless of relationship to the 529 beneficiary. The MI-1040, Schedule 1 instructions instru...
by 10.06am
Wed Jul 17, 2019 7:18 am
Forum: Personal Investments
Topic: 529 for adult student (Michigan)
Replies: 4
Views: 267

529 for adult student (Michigan)

State: Michigan State Tax Rate: 4.25% I live in Michigan and am helping my girlfriend with her final year of college in 2020-21. I am also funding a child's 529 for $1,000 a year. This is my first year being involved with 529s. My understanding is that Michigan's 529 (the MESP) provides a deduction ...
by 10.06am
Tue Jul 02, 2019 10:22 am
Forum: Personal Consumer Issues
Topic: Used Car Purchase - What Interest Rate Should I Expect
Replies: 13
Views: 728

Re: Used Car Purchase - What Interest Rate Should I Expect

I took a 60 month used car loan today at 3.24% from my local CU. 800+ credit score w/ incentives for having auto-pay and direct deposit set up.
by 10.06am
Mon Jul 01, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Intentional Divorce to avoid Marriage Penalties in tax code?
Replies: 54
Views: 5255

Re: Intentional Divorce to avoid Marriage Penalties in tax code?

BuckyBadger wrote:
Mon Jul 01, 2019 11:56 am

Don't get a fraudulent divorce.
+1
by 10.06am
Mon Jul 01, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Intentional Divorce to avoid Marriage Penalties in tax code?
Replies: 54
Views: 5255

Re: Intentional Divorce to avoid Marriage Penalties in tax code?

I think the external costs outweigh any monetary benefit. Don't forget to consider: - Family/Friends may have strong opinions on marriage and divorce. You are going to be viewed differently for taking a relationship and making it about money. People are funny and you may find yourself excluded by ot...
by 10.06am
Fri Jun 07, 2019 6:48 am
Forum: Personal Consumer Issues
Topic: Everyone ought to be required to have an umbrella policy and life insurance!
Replies: 13
Views: 1551

Re: Everyone ought to be required to have an umbrella policy and life insurance!

I don't need life insurance. I am single and have no loans and no dependents.

Liability insurance I definitely have!
by 10.06am
Mon May 20, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: Frustration dealing with contractors....am I doing something wrong?
Replies: 43
Views: 4789

Re: Frustration dealing with contractors....am I doing something wrong?

The WC limit on the policy is the Employer's Liability Limit (Section II). The WC coverage itself (Section I) is dictated by State Law. The Employer's Liability limit is for certain special-case claims where an Employer becomes liability outside of the statutory WC coverage. If you google Third-Part...
by 10.06am
Tue May 07, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Aligning Insurance and Umbrella Limits
Replies: 16
Views: 1179

Re: Aligning Insurance and Umbrella Limits

The policies do not overlap. The $300k is the minimum required underlying limit. If you have more than that, the Umbrella picks up where the underlying policiy stops. e.g. if you have a $500k underlying policy and your Umbrella is $1m, the underlying pays the first $500k and the Umbrella picks up th...
by 10.06am
Mon May 06, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: Buying an Enclosed Utility Trailer - Advice?
Replies: 15
Views: 1096

Re: Buying an Enclosed Utility Trailer - Advice?

My dad bought a 6x10, single axle enclosed trailer in 2006 to move from Michigan to Indiana. The moving allowance for his job was a generous, fixed amount. By buying a trailer and moving himself, he was able to pocket the remainder. My parents, my brother, and I have all used the trailer numerous ti...
by 10.06am
Wed Apr 10, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Are Airport Lounges Worth the Money?
Replies: 95
Views: 9048

Re: Are Airport Lounges Worth the Money?

I have an Amex Platinum that comes with lounge access. $550/year, but I get $200 of airline credit, lounge access, and a 100,000 bonus mile sign up offer. If I renew it after this year it will be because of the lounges. I have been in great lounges and also just ok ones. In Johannesburg I was able t...
by 10.06am
Thu Apr 04, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Landlord looking to buy out my lease. Whats a reasonable price?
Replies: 75
Views: 6394

Re: Landlord looking to buy out my lease. Whats a reasonable price?

I wouldn't shoot for the moon. Just something reasonable plus your deposit back. Maybe a month's rent for the inconvenience and give you a few weeks to find a new place. Or a month's rent and hotel/storage for another month while you find a new place. If you ask for something crazy he can be just as...
by 10.06am
Thu Feb 14, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: What's up with my snowblower?
Replies: 24
Views: 1572

Re: What's up with my snowblower?

Worst case overfilling the oil (if that is what happened) can either cause foaming and lack of lubrication or bend the crankshaft... Please explain how this can bend the crankshaft... The PCV is vented into the intake on those. If the crankcase is overfilled, the PCV will allow oil into the intake ...
by 10.06am
Thu Feb 14, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: What's up with my snowblower?
Replies: 24
Views: 1572

Re: What's up with my snowblower?

Worst case overfilling the oil (if that is what happened) can either cause foaming and lack of lubrication or bend the crankshaft, or both. I would drain it down to the correct level, put a new spark plug in it, and try to run it again. If no major damage has occurred it will probably just smoke a l...
by 10.06am
Thu Feb 14, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: IRS "tax refund" for $53 - but we haven't filed yet
Replies: 58
Views: 7232

Re: IRS "tax refund" for $53 - but we haven't filed yet

I would call the IRS right away.

My 2018 refund was deposited on 2/8/19. The description shows:

ACH Deposit: IRS TREAS 310 TYPE: TAX REF ID: XXXXXXXXXX CO: IRS TREAS 310 ACH Trace Number: XXXXXXXXXXXXXXX

The first number is 10 digits and the second number is 15.
by 10.06am
Wed Feb 13, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Insuring a car that you don’t drive
Replies: 24
Views: 2232

Re: Insuring a car that you don’t drive

You can do this without a problem. Title the car in your name. You have an insurable interest and can get a policy on it. List the parents as the drivers and their address as the garaging address. Your Umbrella policy can also extend over it. I was a Personal Lines Underwriter and this isn't uncommo...
by 10.06am
Mon Feb 11, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: What Happens If You Ignore Being Served a Lawsuit?
Replies: 68
Views: 5908

Re: What Happens If You Ignore Being Served a Lawsuit?

Posting on a residence can be proper service depending on the jurisdiction, judge, etc. Proper service or not, if your relative doesn't respond they could be subject to a default judgement. At best they could then appeal the judgement. In my mind it is much better to get out ahead of the judgement a...
by 10.06am
Thu Feb 07, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Employer Soliciting PAC Donations
Replies: 15
Views: 1146

Employer Soliciting PAC Donations

Twice a year, my employer solicits donations from employees for two Political Action Committees (PACs). The solicitations come with a suggested donation amount for different levels of employees. The PACs are industry specific. Some employees are also officers of the PACs. I have donated in the past,...
by 10.06am
Thu Jan 24, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Credit Karma Tax
Replies: 9
Views: 1236

Credit Karma Tax

Has anyone tried Credit Karma Tax for this year? I looked back at the forum posts from 2017 & 2018 and saw there was an issue with the HSA calculation that was fixed. I ran my return through TurboTax and Credit Karma and am coming out with the same amount for both Federal and State. The amount is wh...
by 10.06am
Thu Jan 17, 2019 8:02 am
Forum: Personal Investments
Topic: Emergency funds in CD's
Replies: 11
Views: 1331

Re: Emergency funds in CD's

I use a CD for the majority of my emergency fund. It is at a local credit union with minimal early withdraw penalty.
by 10.06am
Tue Jan 15, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: HO-6 Condo insurance - Coverage D "Loss of Use"
Replies: 6
Views: 592

Re: HO-6 Condo insurance - Coverage D "Loss of Use"

12 month ALS is the better coverage. Coverage D - Loss of Use pays for expenses above your normal mortgage/utilities/etc that you incur because of a covered loss. It won't pay your mortgage for you after a fire, but it will pay for an apartment/hotel/extended stay/etc after a covered loss while repa...
by 10.06am
Thu Jan 03, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Intro. & Monthly Food Expenses
Replies: 32
Views: 1996

Re: Intro. & Monthly Food Expenses

For comparison - I'm a single guy in my 30's. I eat out a lot including a fair amount of alcohol. Total spent in 2018 was 4,245 ($81/week). Total spent on groceries was $4,139. My goal this year is to lower eating out by at least half. I think grocery shopping more regularly, planning meals ahead of...
by 10.06am
Mon Oct 22, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 18235

Re: Where would you go for financial guidance if you win the Megamillions?

You know what I would do if I had a million dollars? I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities...
by 10.06am
Wed Oct 17, 2018 7:05 am
Forum: Personal Consumer Issues
Topic: Cross-country trip via Amtrak
Replies: 58
Views: 6583

Re: Cross-country trip via Amtrak

I took the train from Grand Rapids, MI to Portland and back about seven years ago. We didn't have daylight for the Rockies, but the plains across the Dakotas were very cool. It was a fun adventure if a little monotonous. With the sleeper car you will get access to meals in the diner car along with w...
by 10.06am
Tue Oct 02, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Adult kids getting help from parents
Replies: 36
Views: 2544

Re: Adult kids getting help from parents

My parents sent me $650/mo my last two years of college for rent and food. That stopped after senior year. (My tuition was paid for by a scholarship.) No other help since then.
by 10.06am
Tue Oct 02, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: should i submit geico claim or not
Replies: 10
Views: 584

Re: should i submit geico claim or not

Unless it's your second At-Fault, I would turn it in for $1,600. I looked at your prior posts and your kids aren't driving age, so I'm guessing 1-2 cars on the policy. The hit will last for three years and I doubt it will be more than $1,600 for a normal policy. $500 or less I would consider paying ...
by 10.06am
Mon Oct 01, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help me with avoiding liability for personal injury on our property
Replies: 23
Views: 2090

Re: Help me with avoiding liability for personal injury on our property

I would get the Umbrella policy and sleep soundly. There are all kinds of liability issues that can arise from a property. This doesn't seem particularly egregious on your part. If a child falls and is injured, you have good defenses and your insurer will take care of it. Any alternations could back...
by 10.06am
Thu Sep 27, 2018 1:18 pm
Forum: Personal Investments
Topic: Financial Checkup (Part II)
Replies: 4
Views: 612

Re: Financial Checkup (Part II)

Thanks for the second look!

The progress I've made in just two months speaks volumes to the group of people and the knowledge available on this site.
by 10.06am
Thu Sep 27, 2018 7:55 am
Forum: Personal Investments
Topic: Financial Checkup (Part II)
Replies: 4
Views: 612

Financial Checkup (Part II)

It's been two months since I posted a Financial Checkup. I've done some reading since then, put together an IPS, determined an AA that I'm comfortable with, and overall become much more involved in my own financial future. This group has been very helpful. Two months ago my weighted retirement portf...
by 10.06am
Wed Sep 26, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 265
Views: 30171

Re: What is your overall portfolio weighted expense ratio

Made some adjustments after posting for advice a few weeks ago.

Weighted ER is now 0.039

Fidelity 401k & Vanguard
by 10.06am
Wed Sep 05, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: MINT Software Or Other For Budgeting/Tracking
Replies: 20
Views: 2094

Re: MINT Software Or Other For Budgeting/Tracking

Madbull wrote:
Wed Sep 05, 2018 2:02 pm
viz wrote:
Wed Sep 05, 2018 1:59 pm
nolesrule wrote:
Wed Sep 05, 2018 11:42 am
I use YNAB for budgeting.

I use Google Sheets to aggregate my investment data. It does not require frequent updating.
+1
I am doing exactly the same thing.
+2, YNAB all the way.
Same. I've been using YNAB for a few years. Tried Mint and PC but liked YNAB the best.
by 10.06am
Thu Aug 23, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - again
Replies: 49
Views: 4772

Re: Umbrella insurance - again

What state? Rural or Urban area?
by 10.06am
Mon Aug 20, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Question on Homeowners Insurance
Replies: 3
Views: 516

Re: Question on Homeowners Insurance

If you take your HOA's language in, your agent can review it and coordinate your coverage with it. You'll want some Dwelling coverage for any upgrades you might do - paint, cabinets, fixtures, etc. Even if you don't plan on doing anything you might want $20,000 or so in case there is a misunderstand...
by 10.06am
Fri Aug 17, 2018 11:42 am
Forum: Personal Investments
Topic: "Share Class Change to certain Fidelity Index funds"
Replies: 4
Views: 657

"Share Class Change to certain Fidelity Index funds"

I received an email from my employer today that is copied below. My 401k is with Fidelity and currently invested: 10% FSITX - .025 ER 30% FSIVX - .045 ER 12% FSEVX - .045 ER 48% FUSVX - .015 ER When I log on to Fidelity there is no additional information. Are they converting these into the zero expe...
by 10.06am
Fri Aug 17, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Do we really need to save 20 % ?
Replies: 28
Views: 3084

Re: Do we really need to save 20 % ?

20% down will qualify you for a mortgage without PMI, but an even higher cash down payment will look better to the seller if there is competition. I just sold a home and had six offers in three days. The cash to loan ratio was a factor in deciding which offer to take. I was concerned the appraisal ...
by 10.06am
Fri Aug 17, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Do we really need to save 20 % ?
Replies: 28
Views: 3084

Re: Do we really need to save 20 % ?

20% down will qualify you for a mortgage without PMI, but an even higher cash down payment will look better to the seller if there is competition. I just sold a home and had six offers in three days. The cash to loan ratio was a factor in deciding which offer to take. I was concerned the appraisal w...
by 10.06am
Wed Aug 15, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Best consumer products - made in USA
Replies: 62
Views: 3961

Re: Best consumer products - made in USA

The More Power Puller.

Made in the US for 84 years. Weighs a ton. Pull or lift well over a ton. Serviceable and a the manufacturer provides all replacement parts and videos on how to do any service.

https://www.wyeth-scott.com/
by 10.06am
Wed Aug 08, 2018 6:46 am
Forum: Personal Investments
Topic: Financial Checkup
Replies: 10
Views: 1666

Re: Financial Checkup

Thanks for all of this information! It is very helpful. I'm going to spend some time this week researching things a little more and go from there. I trust you all, but always like to double check. Looks like I'll shift the Fidelity Freedom fund to the equivalent index funds and save the fees. I'm al...
by 10.06am
Tue Aug 07, 2018 10:13 am
Forum: Personal Investments
Topic: Financial Checkup
Replies: 10
Views: 1666

Financial Checkup

Emergency Fund: Yes - 6 months living expenses Debt : None Tax Filing : Single State : Midwest, LCOL area Age : 32 Base salary is $60k with profit sharing of 0-20% of salary depending on company performance. Very steady industry. No debt of any kind. Currently renting. Total asset s: $200,000 -----...