Search found 20 matches

by Reamus294
Fri Sep 20, 2019 9:06 am
Forum: Personal Investments
Topic: Update Post Sale of Business! - Pay Off Home or Not?
Replies: 35
Views: 1601

Re: Update Post Sale of Business! - Pay Off Home or Not?

Also, just include the value of your home in your net worth, and you're still above the $1mil mark. =)
by Reamus294
Thu Sep 19, 2019 1:31 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 142
Views: 5690

Re: How to handle "split-the-bill" group lunches?

That's too bad no one noticed you weren't drinking and offered a different solution. It could have easily doubled your bill. I go into joint meals expecting things like this (especially with birthday/celebration meals) and I'd order a fancy non-alcoholic drink, sparkling water, or a latte to go to h...
by Reamus294
Thu Sep 19, 2019 9:20 am
Forum: Personal Investments
Topic: Update Post Sale of Business! - Pay Off Home or Not?
Replies: 35
Views: 1601

Re: Update Post Sale of Business! - Pay Off Home or Not?

Congratulations on the sale of the business! If it were me, I would pay it off. I currently don't itemize. I do agree that it might not make the most financial sense, but it would make me a happy camper and bring me more peace of mind especially with the ups and downs self-employment may bring. The ...
by Reamus294
Fri Sep 13, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 114
Views: 6826

Re: Managing joint finances when one is a perfectionist

Congratulations on the move-in. I manage our finances and all of our finances are combined, but we married pretty young. We didn't really have a chance to develop autonomy around our finances because were we so poor right our of college. I imagine, the older you get married, the more likely finances...
by Reamus294
Thu Sep 12, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Helping elderly parents manage finances - pros and cons
Replies: 61
Views: 4426

Re: Helping elderly parents manage finances - pros and cons

Thanks for the cautionary example. With my father's passing, I have been trying to find the right level of involvement with my mother's finances and informing siblings. Luckily, my mother is very capable of handling her own day to day finances, but is clueless about the investments that will produce...
by Reamus294
Wed Aug 21, 2019 3:48 pm
Forum: Personal Investments
Topic: Pensions and planning
Replies: 18
Views: 1052

Re: Pensions and planning

I provided an answer earlier, but I think it all depends on what your savings goal is based on. The strength of the retirement plan wouldn't change how I look at a savings goal percentage, unless the plan is severely underfunded (under 60%). The slightly underfunded plans should allow you to pull ou...
by Reamus294
Wed Aug 21, 2019 1:39 pm
Forum: Personal Investments
Topic: Pensions and planning
Replies: 18
Views: 1052

Re: Pensions and planning

I count my contribution to a pension towards my savings goal. Mine is a cash-balance-hybrid plan, so it grows with interest, and if I leave I could roll it over (even though I'm vested and never will). I have a matching component in mine as well, and as probably expected, I don't count any matching ...
by Reamus294
Sat Aug 17, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Helping with mother's finances after father's passing
Replies: 14
Views: 958

Re: Helping with mother's finances after father's passing

Thanks for all of the clarifications and advice. I'll get some more information about the brokerage, but I am pretty sure it is after tax dollars in there. I realize that will change the withdrawal strategy. Her pension is a governmental pension and the amount he was receiving was too small so her p...
by Reamus294
Fri Aug 16, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Helping with mother's finances after father's passing
Replies: 14
Views: 958

Re: Helping with mother's finances after father's passing

Does this withdrawal strategy seem good assuming over age 70.5? Not sure if she should use a monthly or yearly withdrawal. RMD from Taxable tIRA Brokerage Taxable - tIRA Roth I think I would drain the TIRA up to the top of the 12% bracket every year at a minimum (I actually might do more). If you h...
by Reamus294
Fri Aug 16, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Helping with mother's finances after father's passing
Replies: 14
Views: 958

Re: Helping with mother's finances after father's passing

There is no social security. Her job didn’t contribute and the amount of her pension doesn’t allow her to receive my father’s.
by Reamus294
Fri Aug 16, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Helping with mother's finances after father's passing
Replies: 14
Views: 958

Helping with mother's finances after father's passing

My father passed away several months ago, and I am helping my mother. She is taking care of her budget and has good spending habits. She doesn’t understand anything about investing and it is pretty overwhelming for her. Not sure if this should be in the personal finance or personal investing forum w...
by Reamus294
Tue Aug 13, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Ideas for Little Charges to keep Cards active
Replies: 87
Views: 4674

Re: Ideas for Little Charges to keep Cards active

I'd consider closing some of the cards so you would be eligible for future sign-on bonuses sooner. Most cards have requirements of not owning the same card for a year or two.
by Reamus294
Tue Aug 13, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: help understanding pension
Replies: 19
Views: 1235

Re: help understanding pension

Like others said, each pension plan is widely different and the best way to learn is by calling them or reading up. Pension descriptions aren't always the easiest thing to read, so reading, then verifying with a call would be best. Some can be very lucrative for employees and beneficiaries (as shown...
by Reamus294
Tue Aug 13, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Help with job decision
Replies: 26
Views: 1845

Re: Help with job decision

Based on the facts you provided it sounds like it could be a good opportunity and echo what others have said about it not being as big as a financial hit as it would seem in the long run. It also sounds like you could pick up work on the side if you needed or wanted to, especially if you could get b...
by Reamus294
Wed Aug 07, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4082
Views: 755473

Re: What's Your Credit Card Rewards Strategy?

Cruz wrote:
Mon Aug 05, 2019 9:05 pm
How does redeeming AMEX Blue Cash for travel expenses work? I have the card but always exchange for statement credit.

Sorry, should have clarified. I use it as a statement credit for an annual trip that we make.
by Reamus294
Wed Jul 31, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide what car to buy for your kid
Replies: 91
Views: 3938

Re: How do you decide what car to buy for your kid

Lucky kid, that's a nice thing to do. It would help to know what you were going back and forth on to get in the same ballpark. Knowing the priorities (cost, safety, low/easy maintenance), mpg, looks cool enough for a 17 year old to want, awd) would also help. A sportier looking camry or accord shoul...
by Reamus294
Fri Jul 26, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Pay off a 30 year mortgage in 15 years? The cost of flexibility
Replies: 100
Views: 14017

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

We chose the 30 year over the 15 year about 10 years ago because of the peace of mind it gave us. While we intended on paying the 15 year amount, it would have been tight for us at that time. It will be paid in about 16-17 years. We didn't have a large emergency fund back then and didn't want to ma...
by Reamus294
Wed Jul 24, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4082
Views: 755473

Re: What's Your Credit Card Rewards Strategy?

This is what works best for us. We could do without the United but my spouse wanted the points. We may switch this one back and forth with a southwest card. We have had some long layovers with international travel where the priority pass lounges have been a nice perk, although they can be crowded. A...
by Reamus294
Wed Jul 24, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off a 30 year mortgage in 15 years? The cost of flexibility
Replies: 100
Views: 14017

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

We chose the 30 year over the 15 year about 10 years ago because of the peace of mind it gave us. While we intended on paying the 15 year amount, it would have been tight for us at that time. It will be paid in about 16-17 years. We didn't have a large emergency fund back then and didn't want to mak...
by Reamus294
Wed Jul 24, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Creative, "outside the box" to lower auto expenses?
Replies: 63
Views: 3509

Re: Creative, "outside the box" to lower auto expenses?

I understand the "marital harmony" comment and not wanting to go down to 1 car. Instead of lowering your expenses, have you thought about increasing your income to offset. I drive into a city to work and often wondered if driving for uber or lyft just on my way to work or on my way home would offset...