Search found 45 matches

by AB609
Mon Nov 23, 2020 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house without a realtor
Replies: 55
Views: 6228

Re: Buying a house without a realtor

I've sold several houses without them and several with them. The transactions without them went smoother and had no issues. I always hire a real estate attorney to represent me and prepare the contract. Having a contract written to your specific situation is valuable. Multiple RE Attorney's have tol...
by AB609
Thu Nov 12, 2020 8:20 am
Forum: Personal Investments
Topic: Another...can I retire post (47YO)
Replies: 41
Views: 5677

Re: Another...can I retire post (47YO)

Is there some reason you have to wait for the surgery? Can you just get it down while employed and covered by medical and disability? If it is some sort of degenerative condition, the outcome usually doesn't improve with time.
by AB609
Wed Nov 11, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment Flooded Looking to Break Lease Early
Replies: 34
Views: 2709

Re: Apartment Flooded Looking to Break Lease Early

Also, the property manager's explanation for the pipe bursting is that there are lots of people working/staying at home because of the pandemic. All the extra water running through the pipes and building up of pressure, in addition to temperature changes, caused the pipe to burst. This is, bluntly,...
by AB609
Tue Nov 10, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: anyone live on a 'private' road? splitting up costs question
Replies: 59
Views: 4381

Re: anyone live on a 'private' road? splitting up costs question

We collect semi annual dues for road and common area maintenance including long term future projects. Enough extra has been collected over the last 10 years to largely fund the expense of the road resurfacing. If this is not a formal HOA, mind if I ask who collects.the money and how it is held, and...
by AB609
Tue Nov 10, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: anyone live on a 'private' road? splitting up costs question
Replies: 59
Views: 4381

Re: anyone live on a 'private' road? splitting up costs question

We just did a $30K resurfacing project on the road this year and we split the cost evenly and nobody complained. Helps if everyone has a lot of money. yep. not many have $10k liquid. On this board? maybe, gen pop, no. We collect semi annual dues for road and common area maintenance including long t...
by AB609
Mon Nov 09, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: New physician - pay off loans early or buy a house?
Replies: 32
Views: 2835

Re: New physician - pay off loans early or buy a house?

If you have any potential for getting married in the next several years, I would not buy a house. Spouses often have different ideas about what is ideal. I would work on getting rid of the debt in the meantime. With your income and low expenses, you can be in great financial shape in a few years.
by AB609
Sun Nov 08, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: anyone live on a 'private' road? splitting up costs question
Replies: 59
Views: 4381

Re: anyone live on a 'private' road? splitting up costs question

I live on a private dead end road with 3 neighbors. We just split the road costs evenly. Anything other scheme is too complicated in my mind. We just did a $30K resurfacing project on the road this year and we split the cost evenly and nobody complained.
by AB609
Sun Nov 08, 2020 10:49 am
Forum: Personal Investments
Topic: Anyone using Vanguard Individual Solo 401K?
Replies: 20
Views: 1540

Re: Anyone using Vanguard Individual Solo 401K?

I use them for my account and don't have any complaints. They were helpful when I mistakenly mixed up the employer/employee contribution one time and had to have it corrected to avoid going over the limit for employee contributions for the year. They corrected it with a minimum of drama.
by AB609
Sun Nov 08, 2020 10:41 am
Forum: Personal Investments
Topic: Divorce + 4 yrs Financial Recovery
Replies: 29
Views: 5980

Re: Divorce + 4 yrs Financial Recovery

Looks like you are doing great and on track for your goals. Don't let the PTSD get to you. Make sure you take care of yourself mentally and physically and let the past stay in the past to extent possible. You have a lot to be thankful for.
by AB609
Fri Oct 30, 2020 2:54 pm
Forum: Personal Investments
Topic: What's the consensus on Employee Stock Purchase Plans?
Replies: 51
Views: 2057

Re: What's the consensus on Employee Stock Purchase Plans?

If you think the company stock price is likely to be stable and you are not having to short change retirement contributions or like to do it, I would participate.
by AB609
Wed Oct 21, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Used Car Purchase, No Title. Need Advice
Replies: 36
Views: 2997

Re: Used Car Purchase, No Title. Need Advice

I would talk with USAA since they hold the loan and it is unsecured without the title. It is likely something they are used to dealing with. I would also ask the dealer or BMW to either provide or pay for a loaner car since you can't drive the car they sold you due their inability to produce the tit...
by AB609
Wed Oct 21, 2020 10:33 am
Forum: Personal Investments
Topic: Is this ESPP worth it?
Replies: 14
Views: 1154

Re: Is this ESPP worth it?

Probably worth it. You will pay income tax on the 5% discount and possibly a broker fee when you sell the shares. Better return then you are going to get on a CD when all is said and done, however. I participate in my company's plan and in that case they are rather slow to put the shares in my accou...
by AB609
Wed Oct 21, 2020 10:15 am
Forum: Personal Investments
Topic: Solo 401k employer contribution
Replies: 3
Views: 276

Re: Solo 401k employer contribution

Best bet is to call Vanguard and ask. I had mixed up the employer/employee categories one year and ended up over contributing to the employer category. Vanguard was able to move the funds over to the employee category after the fact.
by AB609
Tue Oct 20, 2020 4:11 pm
Forum: Personal Investments
Topic: Solo 401k employer contribution
Replies: 3
Views: 276

Re: Solo 401k employer contribution

The deadline for contributions is normally April 15th of the following year (normal tax filing deadline). If it's a new plan, you have to have it established by the end of the year but can still make contributions until the end of the filing deadline.
by AB609
Tue Oct 20, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) eligibility for consultant receiving W2 for hourly rate?
Replies: 18
Views: 1027

Re: Solo 401(k) eligibility for consultant receiving W2 for hourly rate?

Since they are generating a W2 for you, are they also paying the employer half of the payroll tax?
by AB609
Sat Oct 17, 2020 12:28 pm
Forum: Personal Investments
Topic: Maxing Employer 401K vs Solo 401K
Replies: 2
Views: 189

Maxing Employer 401K vs Solo 401K

Which is the preferred order of investment if you have both a regular employer 401K and a Solo 401K and you have already met the employer matching? More specifically: Regular Job: Gross Salary ~190K Age >50 401K Plan Employer matches 1 to 1 up to 5% of employee deferral. I currently differ 7% (I pro...
by AB609
Wed Oct 14, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Implementing ESPP into Financial Plan
Replies: 20
Views: 889

Re: Implementing ESPP into Financial Plan

After one cycle, it is just rolling back into the budget as a lump sum. Nothing changes other than having a few more dollars to play with. I cash mine out as soon as they land in my account.
by AB609
Fri Oct 09, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8099
Views: 565288

Re: Refinance Mega Thread

I just locked with Better: $400K, 15 year fixed at 2.25%, 2.278% APR, LTV 70%, Lender credit $4300. I'm trying to shop my title insurance. Better's section C quote is $3000. Radian isn't doing title insurance where I live (PA). Does anybody have a recommendation for a title company that they had a ...
by AB609
Tue Oct 06, 2020 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Bank Gets Failing Grade Over 'Illegal' Practices
Replies: 39
Views: 5403

Re: USAA Bank Gets Failing Grade Over 'Illegal' Practices

I've been a member for over 30 years and they definitely have gone down hill in that time. I have an issue with account access that should be a simple matter to fix but still isn't fixed after numerous phone calls and e-mails over the past couple months.
by AB609
Tue Oct 06, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Repairs
Replies: 7
Views: 813

Re: Rental Repairs

Unless he is licensed, insured and experienced with the type of repair, I would not consider it. They should be counting their lucky stars that the repair is only $980. It sounds like it came close to becoming a major house fire.
by AB609
Tue Oct 06, 2020 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8099
Views: 565288

Re: Refinance Mega Thread

Just to share info - my better.com mortgage was initially to be serviced by The Money Source, and before the first payment was due, it was transferred to Mr Cooper (which is Nationstar?). Using the search on this site, it appears Mr Cooper is legitimate. The mortgage funded on 9/16 - I think I'll w...
by AB609
Mon Oct 05, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8099
Views: 565288

Re: Refinance Mega Thread

Just to share info - my better.com mortgage was initially to be serviced by The Money Source, and before the first payment was due, it was transferred to Mr Cooper (which is Nationstar?). Using the search on this site, it appears Mr Cooper is legitimate. The mortgage funded on 9/16 - I think I'll w...
by AB609
Tue Sep 29, 2020 4:26 pm
Forum: Personal Investments
Topic: Mother Has Asked Me For Retirement Advice
Replies: 23
Views: 2344

Re: Mother Has Asked Me For Retirement Advice

I would find a fee only CFP for her and her husband. You don't have enough details to recommend anything. Why is she $5,000 in debt is she lived off of 50% of her salary for 20 years? It sounds like a touchy situation that maybe better to avoid.
by AB609
Tue Sep 08, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with Better Mortgage
Replies: 46
Views: 6696

Re: Experience with Better Mortgage

I closed a loan with Better with the past 30 days and found they were pretty easy to work with and responsive. A couple of things I had to write letters of explanation (name of company I work for changed names a couple of time in the past few years but the business and employment were continuous). T...
by AB609
Sat Aug 29, 2020 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17328

Re: Should I quit high paying job?

1. Update your resume and start looking for another job. 2. Be a little more assertive with your boss. "I don't appreciate being yelled at or personal insults". Many bullies change their behavior when called on it. I would document every meeting with him and what he said. 3. If you intervi...
by AB609
Fri Aug 28, 2020 11:30 am
Forum: Personal Investments
Topic: Most effective way of selling the already vested RSU???
Replies: 27
Views: 1582

Re: Most effective way of selling the already vested RSU???

It's not clear from your post -- are you paying capital gains on the increase in value since vesting or are you looking at the total value for the RSU and assuming the capital gain is paid on that? On my RSU's, on the date they are distributed to me, Fidelity withholds (in shares) all the same taxes...
by AB609
Fri Aug 28, 2020 10:44 am
Forum: Personal Investments
Topic: Are International Stocks worth it?
Replies: 44
Views: 2761

Re: Are International Stocks worth it?

I've worked for two multinationals that are US based but got more than half their revenues from outside the US. You are getting a good bit of international exposure just holding US Large Cap stocks. Likewise, most foreign multinationals do a lot of business in the US. I have had small holding in int...
by AB609
Fri Aug 14, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Lawyers - How much does it cost to write a prenup contract?
Replies: 48
Views: 6107

Re: Lawyers - How much does it cost to write a prenup contract?

That doesn't sound out the ballpark but you can always shop around a bit. I'm tight with a buck and like to do things myself but I wouldn't hobby shop something like this. If the future spouse decides to try to invalidate the prenup after you are dead, you are opening the door for them if they didn'...
by AB609
Wed Aug 05, 2020 8:20 am
Forum: Personal Investments
Topic: Just added another 70k per annum.
Replies: 25
Views: 5340

Re: Just added another 70k per annum.

You need to pin down the exact relationship you have with your side-gig employer. If you are not doing true "independent contractor" type work, the IRS may consider you to be employee and not an independent contractor. Do you have some sort of contract with them that defines deliverables ...
by AB609
Tue Aug 04, 2020 3:09 pm
Forum: Personal Investments
Topic: Just added another 70k per annum.
Replies: 25
Views: 5340

Re: Just added another 70k per annum.

You need to pin down the exact relationship you have with your side-gig employer. If you are not doing true "independent contractor" type work, the IRS may consider you to be employee and not an independent contractor. Do you have some sort of contract with them that defines deliverables a...
by AB609
Wed Jul 22, 2020 1:09 pm
Forum: Personal Investments
Topic: Help with ESPP
Replies: 24
Views: 1023

Re: Help with ESPP

I participate in my company's plan but I'm limited to $3000 a quarter. I sell as soon as I get the shares at the end of the quarter. I consider it to be a 3 month CD with a 15% return from an investment perspective (even better really since it gets funded incremental over the quarter). I also hold s...
by AB609
Tue Jul 14, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or Gift Car Title to Adult Son?
Replies: 5
Views: 449

Re: Sell or Gift Car Title to Adult Son?

We just transferred a car to our daughter in PA. There is no sales tax with the gift affidavit for direct family members. There are several other fees you have pay. It think it was about $170 but included registration for the coming year.
by AB609
Sun Jul 12, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8099
Views: 565288

Re: Refinance Mega Thread

Locked in last week with Better, 2.875/30 yr/Conv/LTV ~50%/Credit Score ~800. Should be getting about +$950 at closing plus the Amex credit. I did a little back and forth between them and Lenderfi to get better terms ($3682 lender credit). So far, I've been impressed with Better. Very good on line p...
by AB609
Fri Jul 10, 2020 12:26 pm
Forum: Personal Investments
Topic: Calculating business expenses
Replies: 6
Views: 421

Re: Calculating business expenses

You log the odometer reading at the beginning of the year and end of the year. You log the beginning and ending use for each business trip along with the destination and purpose. I just use a simple paper log and do the math at the end of the year.
by AB609
Wed Jul 08, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 34
Views: 2410

Re: 1099 rates for Engineering Consultant

AB609, a lot of good material here, thank you. For the estimated taxes, you can make a copy in turbo tax of your 2019 tax return and add in your expected consulting income and expenses pretending it happened last year. It will give you an idea of the taxes will look like next year. The program will...
by AB609
Tue Jul 07, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 34
Views: 2410

Re: 1099 rates for Engineering Consultant

I have a consulting business in addition to my regular W-2 job. 2X my W2 job is my nominal rate for consulting. It depends somewhat on the nature of the task, however. Travel time and remote training presentations I bill at a somewhat lower rate. I try not to squeeze the last buck out of every proj...
by AB609
Sun Jul 05, 2020 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Employer not paying unused PTO after termination
Replies: 22
Views: 3181

Re: Employer not paying unused PTO after termination

That's the way many companies are going. I've gotten 2 or 3 weeks accrued PTO payouts when changing jobs in the past. It provides a great bridge between jobs. The current company I'm with has switched to no formal PTO accruals. You can supposedly negotiate whatever you think is fair with your boss. ...
by AB609
Fri Jul 03, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Law firm as executore?
Replies: 12
Views: 879

Re: Law firm as executore?

Be careful if you use a law firm. They may leave provisions as to there rates that are very open ended in the agreement. This happened to my father's estate and we had to threaten to take the law firm to court as they wanted to charge 10% of the estate value (multi-million dollar very liquid, simple...
by AB609
Fri Jul 03, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 34
Views: 2410

Re: 1099 rates for Engineering Consultant

I have a consulting business in addition to my regular W-2 job. 2X my W2 job is my nominal rate for consulting. It depends somewhat on the nature of the task, however. Travel time and remote training presentations I bill at a somewhat lower rate. I try not to squeeze the last buck out of every proje...
by AB609
Thu Mar 26, 2020 9:15 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 56043

Re: How Is Your Job Being Impacted By The Current Crisis?

I've worked at home for the past few years for a Mega Corp so no real change except a no travel policy in place. The company is largely in the O&G business so they will have to do layoffs soon to stay viable. The part of the business I work in has a much more diversified customer base so we shou...
by AB609
Mon Mar 02, 2020 10:42 am
Forum: Personal Investments
Topic: Another Edward Jones and other Financial Advisor "Lessons to Share"
Replies: 80
Views: 10125

Re: Another Edward Jones and other Financial Advisor "Lessons to Share"

I think the most you can do is plant the seed. MIL is with EJ and asked me to review her portfolio. I told her I thought she was paying way too much for a portfolio that was too complicated and inappropriate for her situation. I pointed her towards Vanguard PAS or Fidelity but she is very tech avers...
by AB609
Wed Feb 26, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Does Biomedical Engineering School Matter?
Replies: 94
Views: 6500

Re: Does Biomedical Engineering School Matter?

First of all your daughter should determine which school is the better fit for her. Any program is what you make of it. Top grades and solid achievements at lesser ranked school will stand out better than a mediocre record at a higher ranked school. In my experience, nobody really cares were you wen...
by AB609
Wed Dec 04, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: 25 years old roof
Replies: 14
Views: 1375

Re: 25 years old roof

25 years is about it for asphalt shingles. I would expect to replace the roof within 5 years maximum. I would hire a reputable roofer to do an inspection and not a generic home inspector recommended by the realtor.
by AB609
Thu Oct 17, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 6071

Re: Should I take the job in OKC or Orlando?

Sounds like Orlando is a better choice for you. I wouldn't worry too much about the partnership issues. There are lots of physician jobs in Orlando. If you don't like the particular job or the salary, you'll have other options.
by AB609
Thu Oct 17, 2019 9:31 am
Forum: Personal Investments
Topic: I'm an indexer, but should I be buying my companies discounted stock?
Replies: 42
Views: 3561

Re: I'm an indexer, but should I be buying my companies discounted stock?

In general, without knowing the details on your plan, I would say it is a good deal. I participate in my company's plan and it is an easy way to make a couple hundred extra bucks per quarter. It seems that there are different ways to administer these plans. My company does quarterly purchases that a...