Search found 736 matches

by SRenaeP
Mon Sep 17, 2018 4:13 am
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 50
Views: 2450

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

Glad everything worked out for your daughter. Just a note for others who may be reading re the AT&T phone that wasn't unlocked. If you're not under contract/owe on your phone, you can do an online request to unlock your phone. They will send you a code and instructions on how to do so. I suspect the...
by SRenaeP
Tue Aug 28, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Getting out of vacation club contract
Replies: 10
Views: 1844

Re: Getting out of vacation club contract

I second the recommendation to go to the TUG website. You may be able to arrange to return the timeshare to the developer. Any money already paid will be gone but they won't owe anything further.
by SRenaeP
Thu Aug 16, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Marriage Name Change Logistics
Replies: 14
Views: 1549

Re: Marriage Name Change Logistics

Contrarian view - unless your wife just really really wants to take your last name (I'm assuming that's the case here), don't bother. She can use your last name socially without changing it legally. I've found that changing my name has created ongoing issues even 12 years later with my names not 'ma...
by SRenaeP
Mon Aug 13, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 50
Views: 2450

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

If you don't still owe Verizon for your phone, you should be able to get it unlocked. If that's the case, a local sim is probably the cheapest option. Your daughter can then call home using Skype very cheaply.
by SRenaeP
Tue Aug 07, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Another 401k question
Replies: 11
Views: 458

Re: Another 401k question

Check your plan rules. My plan allows me to specify a percentage to each type of account - pre-tax, Roth and after-tax. Therefore, you'd contribute 14% to pre-tax and 6% to after-tax. Yup, I can do that. When I looked over the plan (and called) it seemed fairly hazy on whether or not that after-tax...
by SRenaeP
Tue Aug 07, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Another 401k question
Replies: 11
Views: 458

Re: Another 401k question

If allowed to contribute above the $18,500 level, then normally you would need to fill the pre-tax bucket before contributing any after-tax. In this scenario I would favor the guaranteed 6% match at the cost of not being able to contribute more to the after-tax portion. Look into if you can do a on...
by SRenaeP
Tue Aug 07, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Another 401k question
Replies: 11
Views: 458

Re: Another 401k question

Hi all, I'm not going to lie, anytime I post a question, y'all have been very helpful. I've tried this question on a couple other forums, but I'm not convinced on any feedback I was given. Anyway, now that I paid off my student debt. I will def max out my 401k. With my plan you are also allowed to ...
by SRenaeP
Tue Aug 07, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Another 401k question
Replies: 11
Views: 458

Re: Another 401k question

I'm not sure I understand 100% about the situation you're describing. But a few things: 2) Both Pre-tax and Post-tax (Roth) 401K contributions count toward the same $18,500 limit. They are not separate buckets. Some plans allow for a third, after-tax, subaccount. This is what the OP seems to be ref...
by SRenaeP
Fri Aug 03, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 176
Views: 9778

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I see that the cost for 2 persons per one year is around $600! Is that everyone here paying for that kind of coverage? :shock: The cost of travel insurance usually depends upon the cost of the trip, and sometimes the age of the traveler (not always). And it certainly depends upon the *type(s)* of c...
by SRenaeP
Fri Aug 03, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 176
Views: 9778

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

Does anyone have any actual experience having to be "medically evacuated"? My former boss's wife (due to illness) had to be flown back from a winter vacation in Colorado to the Washington DC area - by air ambulance. In his case, his employer insurance covered it - but I recall the cot was huge (can...
by SRenaeP
Fri Aug 03, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Phone Rental for South America?
Replies: 15
Views: 762

Re: Phone Rental for South America?

Most of the time the standard advice is "get a local SIM when you arrive." Problem is that depending on where you are going it's not that simple, especially if you want to have service immediately upon arrival. Presumably, the OP is flying there. In my experiences, most international airports will ...
by SRenaeP
Tue Jul 24, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: Europe travel Qs [Questions]
Replies: 63
Views: 3735

Re: Europe travel Qs [Questions]

One more: We're flying out of St. Louis, via Detroit (Delta. I assume there's a plane change, but am not 100% certain), to Paris. Return is out of Munich, through Atlanta I think, then to St. Louis. So, departing St. Louis, it's domestic to Detroit, then onward. From Munich, it's direct to the USA ...
by SRenaeP
Mon Jul 23, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: I ran out of credit card signups bonus...
Replies: 106
Views: 16088

Re: I ran out of credit card signups bonus...

Really? Thanks. I do have a "small business" (1 rental unit), but I though the tin had to be for the business. If this works, I'm back in churning business. Yup. Wife and I did this one with a rental unit using our names and social. https://www.capitalone.com/small-business/credit-cards/spark-cash/...
by SRenaeP
Mon Jul 23, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3899

Re: Buying home, how to head off a bidding war.

Last time we bid on a house, we made an offer with an escalation clause, e.g., we will match any documented cash offer or come within $5k of a documented mortgaged offer, but not to exceed $XXX,XXX. Took the emotions out of it and made it so that we weren't bidding against ourselves. We've done thi...
by SRenaeP
Thu Jul 19, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA Withdrawal Pro-Rata?
Replies: 19
Views: 1333

Re: Mega Backdoor Roth IRA Withdrawal Pro-Rata?

This isn't a pro rata rule. It simply means that you must take cost basis plus gains when you do a rollover from after-tax 401k contributions to a Roth IRA, and you will pay marginal income tax rate on the gains. *You will pay marginal income tax on the gains if you can't/don't opt to have them rol...
by SRenaeP
Wed Jul 18, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 7475

Re: Anyone not have a Budget?

Maybe it’s my nature, but I find it hard to comprehend how anyone could not at least estimate what they can safely spend and compare that to what they in fact spend. It seems that regardless of one’s income or wealth there are still limits to what one can safely spend. I wouldn’t sleep nights if I ...
by SRenaeP
Wed Jul 18, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: How much did your braces/invisalign braces cost?
Replies: 32
Views: 2788

Re: How much did your braces/invisalign braces cost?

Depending on the complexity of the issues that need to be resolved, you may want to consider Smile Direct or a similar service. Smile Direct is to Invisalign as Zenni Optical is to LensCrafters. You go to a SmileCenter to get the imaging done then they mail you all the appliances and are half the pr...
by SRenaeP
Wed Jul 18, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Booking Intl flight through costco --> Too early/late?
Replies: 5
Views: 975

Re: Booking Intl flight through costco --> Too early/late?

We will be going to Europe in November and I will be booking through costcotravel. Right now I am getting what I believe is a pretty good price, 4 months out. I think for international flights this is a good timeframe to book and I should not wait longer. Does that sound about right? (costco travel...
by SRenaeP
Mon Jul 09, 2018 8:21 am
Forum: Personal Consumer Issues
Topic: Anyone use Gate 1 Travel?
Replies: 15
Views: 1550

Re: Anyone use Gate 1 Travel?

Has anyone heard of or used Gate 1 Travel? A BH retiree in his mid 50s strongly recommended them and said they were an affordable way to see the world. They do seem cheaper by far than most escorted travel options. I know its probably cheaper to book things separately, but for certain parts of the ...
by SRenaeP
Mon Jul 09, 2018 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Pitfalls of real estate investing
Replies: 39
Views: 4390

Re: Pitfalls of real estate investing

For Detroit housing, research the very real possibility that overnight, your investment house may be broken in to and all copper pipes and copper electrical wiring ripped out. I have a landlord friend in Detroit who was shot when visiting one of his properties. I have had to evict drug dealers. Of ...
by SRenaeP
Thu Jul 05, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: legal document with hyphen/non hyphen middle name
Replies: 11
Views: 1135

Re: legal document with hyphen/non hyphen middle name

I’ve heard that this can be a problem that can be time consuming to fix in two different circumstances: 1) When applying for social security / Medicare if your names don’t match up 2) For flying, especially internationally, if the name on your photo ID (e.g. drivers license) doesn’t exactly match t...
by SRenaeP
Tue Jul 03, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Closing Thursday but new house wall damaged by seller’s mover
Replies: 16
Views: 2454

Re: Closing Thursday but new house wall damaged by seller’s mover

You have no leverage and it is minor damage. I would let this one go. The OP absolutely has leverage. S/he can opt not to close until the issue is resolved. I would have the realtor send an amendment to the purchase contract stating the damages will be repaired before closing or consideration (~$10...
by SRenaeP
Tue Jul 03, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Child Roth Ira Question
Replies: 7
Views: 738

Re: Child Roth Ira Question

It doesn't sound like the children were employees. Therefore, they won't get W-2s. OP, did you sign any contracts/paperwork on their behalf? If so, they were probably considered contractors. While the company *could* provide 1099s, they probably won't for such a low amount. Therefore, I wouldn't bot...
by SRenaeP
Mon Jun 25, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Garrett Planning Network experiences
Replies: 14
Views: 1476

Re: Garrett Planning Network experiences

I went to a Garrett FP so my spouse could hear an opinion other than my own as to whether we could retire or not. The FP was an attorney who had passed the bar exam and had recently passed the CFP on the first attempt. The plan we received was so full of errors that we were given a full refund. Eve...
by SRenaeP
Thu Jun 14, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 38699

Re: Bogleheads, tell me about your 40's?

I love this thread. I have a strange feeling of melancholy while reading it though. Enjoyed my 20s and 30s. I'm 42 and just had our 2nd and final kid (other kid is 2.5). I had no problems "turning" 40. Financially the family is in great shape. I am in the same shape I've been in for most of my life...
by SRenaeP
Wed Jun 13, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 9297

Re: Getting killed on taxes - any ideas?

That said, I believe livesoft has provided a succinct list of action items for OP to reduce taxes. Yup. Great list. I've abbreviated the list below to items that I think are most relevant to this discussion. I think item 12 is also impacted by 2018 changes and needs re-evaluation. 10. Poke your eye...
by SRenaeP
Wed Jun 13, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: SEP Contributions for Sole Proprietorship
Replies: 5
Views: 344

Re: SEP Contributions for Sole Proprietorship

Background, Annual income 200k from employment Business Income 50k -1099 Maxed employer 401k - 37k (spouse and I) Maxed backdoor Roth - 11k(spouse and I) Maxed HSA -$6,900 Questions 1. From my business income i can contribute 20% of that 50k= 10k to the SEP and convert to Roth? 2. Is my SEP contrib...
by SRenaeP
Wed Jun 13, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 9297

Re: Getting killed on taxes - any ideas?

You are getting absolutely destroyed by people here, but I will say, I understand your point of view. With a high income, seeing the raw numbers come out somehow hurts worse than if you figure the actual tax rate which actually isn't that terrible, but to folks not making this sort of cash, its rea...
by SRenaeP
Wed Jun 13, 2018 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 1988

Re: Taxation for free-lancers

Two contractor family here, always done MFJ with TurboTax. At 10K a year just go with IRA or Roth, you can only save 20% on SEP, maybe more on solo, so likely not a help in saving more. As a contractor your wife has the liability but she's not working with kids or building things that may collapse....
by SRenaeP
Wed Jun 13, 2018 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 1988

Re: Taxation for free-lancers

1. Yes, you can continue to file MFJ. I would still run the numbers both ways to see which way (MFJ or MFS) is optimal. 2. I would say it depends on the type of work she'll be doing. If she's doing provide services where liability may be an issue, it's probably better to create a business entity an...
by SRenaeP
Tue Jun 12, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 1988

Re: Taxation for free-lancers

1. Yes, you can continue to file MFJ. I would still run the numbers both ways to see which way (MFJ or MFS) is optimal. 2. I would say it depends on the type of work she'll be doing. If she's doing provide services where liability may be an issue, it's probably better to create a business entity and...
by SRenaeP
Tue Jun 12, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Paying off a mortgage: Incentivized by new tax law?
Replies: 17
Views: 1731

Re: Paying off a mortgage: Incentivized by new tax law?

AtlasShrugged? wrote:
Tue Jun 12, 2018 8:23 am
The mortgage runs to April 2045 if I do nothing (27 years); and I would be 79 years old at payoff.
This alone would incentivize me to accelerate payoff. In your shoes, I would plan to have the mortgage paid off by the time I retire.
by SRenaeP
Mon Jun 11, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?
Replies: 27
Views: 2391

Re: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?

I checked out the Sprint deal over the weekend. Their website said my phone isn't eligible even though it's unlocked. I suspect an AT&T phone won't work on their network. Oh well.
by SRenaeP
Wed Jun 06, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my HELOC, Refinance or Invest
Replies: 18
Views: 1528

Re: Should I pay off my HELOC, Refinance or Invest

At 7%, yes, pay off the HELOC. Where is the $247k coming from though? If taxable, perhaps spread it out between this year and next to avoid a huge cap gains hit all at once.
by SRenaeP
Fri May 25, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for new home
Replies: 28
Views: 1798

Re: Mortgage for new home

Run your numbers through the rate finder on AimLoan and see what comes back. They are an internet bank so their origination fees will be a little lower than a B&M lender but it will put you in the ballpark.
by SRenaeP
Fri May 25, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Selling ‘Gifted’ property
Replies: 7
Views: 1298

Re: Selling ‘Gifted’ property

bsteiner wrote:
Thu May 24, 2018 9:17 pm
If it's within 9 months from the first transfer, the child might be able to disclaim it, thus avoiding two taxable gifts.
In this instance, I doubt there are any taxable gifts. For 2017, the gift tax exemption was $5.5M (IIRC) and has increased to $11M (IIRC) for 2018.
by SRenaeP
Fri May 25, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 5508

Re: I've never budgeted sucessfully

This will probably come off as arrogant, even though its not meant to, but it baffles me that anyone thinks its a lot of work or hard to do, or you need some fancy program. I have an excel spreadsheet that works the same every month (copy and paste), a checking account that pays all the bills on au...
by SRenaeP
Fri May 25, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Do I need to reduce monthly debt payments? Auto + House
Replies: 10
Views: 1381

Re: Do I need to reduce monthly debt payments? Auto + House

$3500/mo free cash = $42k in a year. Buy one Honda for cash within the next 12 month. 170k miles isn't typically end of life for a Honda so drive that one until you have cash to pay for its replacement. Use the 'plenty of savings' for your down payment and quickly replenish with the $3500/mo free ca...
by SRenaeP
Wed May 23, 2018 8:07 am
Forum: Personal Consumer Issues
Topic: Purchasing SIM card WITH phone?
Replies: 10
Views: 915

Re: Purchasing SIM card WITH phone?

Been reading BH posts re: international phone usage & SIM cards for upcoming Portugal trip. Our flip phones won't accommodate SIM cards, & not interested in upgrading to an iPhone or Android (we don't text and use our flip phones infrequently). Is it possible to purchase a "throw away" phone with a...
by SRenaeP
Wed May 23, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 59
Views: 3877

Re: Quicken - Do you use it?

I am interested in everyone's thoughts regarding Quicken and if they use (or don't use) the personal finance software. Why do you use (or not use) the program? What value does it bring? Do you use it for your entire financial picture or just your investment portfolio? I used to, but don’t anymore. ...
by SRenaeP
Mon May 21, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Fractional Ownership [Property]
Replies: 33
Views: 4468

Re: Fractional Ownership [Property]

just got back from Maui, went to fractional sales pitch just to get the 25000 SPG points. Said no, but we did get suckered in to go back within two years to see if we changed out minds ~ 3000 for 8 days and we'll get another 25K points ;-)) $3000 for eight days at an SPG property in Maui?! That see...
by SRenaeP
Thu May 17, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: any disadvantages to using Delta Skymiles for fare?
Replies: 34
Views: 3248

Re: any disadvantages to using Delta Skymiles for fare?

I'm wondering if there is any potential downside to using the miles for this trip. One possible downside of not paying cash: if you cancel due to getting sick or a funeral, travel insurance can compensate if you paid cash, but likely not if you bought with miles. I mention travel insurance because ...
by SRenaeP
Thu May 17, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 9
Views: 970

Re: Recast mortgage?

If there's no fee, I would do it. It's nice to have the flexibility of a lower payment if you need it. We recast a few months ago for the same reason. We still pay extra but it's nice to know our fixed monthly spending has decreased.
by SRenaeP
Thu May 17, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Cash out Long term gains?
Replies: 9
Views: 807

Re: Cash out Long term gains?

I have over $20k in long term gains in my brokerage account. I don’t need the money, but I was wondering if I should sell my long term gains and then just rebuy back into the same fund? The gains are in Vanguard Total Stock Market fund. I know I would be taxed on the gains. I just don’t know if it ...
by SRenaeP
Wed May 16, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2813
Views: 560787

Re: What's Your Credit Card Rewards Strategy?

Any thoughts on IHG devaluing the free night to just those under 30,000 points and I think the annual fee is going up to $89 from $49? Also, thoughts on changes with SPG starting 8/1? should you convert your spg miles before then? I'm okay with the IHG devaluation. 30k points is still a good deal i...
by SRenaeP
Thu May 10, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Question - Maxed 401k/ROTH - Now What?
Replies: 9
Views: 764

Re: Portfolio Question - Maxed 401k/ROTH - Now What?

[quote=XtremeSki2001 post_id=3921160 time=1525954875 user_id=996] [b]One other question, unrelated to the above. Say I convert my wife's 403b to an IRA ... she has no earned income so any contributions we make will have already been taxed. How do we avoid being taxed twice?[/b] [/quote] You can *rol...
by SRenaeP
Mon May 07, 2018 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Mobile Deposit Gone Wrong
Replies: 19
Views: 2973

Re: Mobile Deposit Gone Wrong

Bogleheads - This has been one of my fears during the age of mobile transactions. I typically deposit a check (very rare do we visit our local bank) and then hold the check for the next few days or week to make sure it has cleared. One of the advantages of technology is the ability to check account...
by SRenaeP
Tue Apr 24, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab international ATM (worth the hard credit pull)
Replies: 25
Views: 2235

Re: Charles Schwab international ATM (worth the hard credit pull)

I travel internationally a few times a year. The ATM fees are minimal ($10-15 over the course of the year) so I don't worry about it. I don't care to open/track a new account for such small potatoes. That said, I absolutely keep a CC with no foreign transaction fees.
by SRenaeP
Sat Apr 21, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Questions about donating appreciated fund shares
Replies: 14
Views: 1400

Re: Questions about donating appreciated fund shares

I'm trying to give Admiral shares of a Vanguard fund to a charity that has an account at Fidelity. Vanguard said I have to change the cost basis method from specific ID to first in first out, then demote all the shares to Investor, then change the cost basis back to specific ID, then gift the lots,...
by SRenaeP
Fri Apr 20, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 18325

Re: Can I retire at age 40?

DanMahowny wrote:
Thu Apr 19, 2018 6:36 pm
I retired at 42. "Sit at home" does not describe my lifestyle at all.
Out of curiosity, do you have children? I've noticed a lot (most?) of the very early retirees have children that largely occupy their time. Other than extensive travel, I'm wondering what childfree retirees do.