Search found 817 matches

by N1CKV
Wed Apr 29, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: PPP Loan ethics
Replies: 56
Views: 3688

Re: PPP Loan ethics

As a matter of ethics, if you don't need it then don't take it. There is a lot of small businesses completely unable to operate at all, under any circumstance, that absolutely need these funds. Think about the personal care businesses (hair, nail, spa), bars and small gyms that are honest businesses...
by N1CKV
Thu Apr 23, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Accounting Principles Meets Personal Finance Logic....
Replies: 11
Views: 1243

Re: Accounting Principles Meets Personal Finance Logic....

This is a Finance Theory that very few people seem to understand and is never actually taught in grade school. When you "take a loan to buy"... lets say a car. You purchase the item with real dollars that you are borrowing from a bank. Your personal "balance sheet" would have an entry for an increas...
by N1CKV
Mon Apr 13, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: What opportunities are there to take advantage of the coronavirus situation?
Replies: 26
Views: 3719

Re: What opportunities are there to take advantage of the coronavirus situation?

I have been working from home. I work in government as an "essential employee", so fairly secure. For my personal health: I have been taking advantage most days of the zero commute time and adding mileage to my morning runs. My wife is also working from home, so on our lunch breaks we take a nice lo...
by N1CKV
Tue Mar 17, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Who is still going into work and why?
Replies: 41
Views: 2574

Re: Who is still going into work and why?

I am working because my employer has not cancelled normal operations.
by N1CKV
Thu Mar 12, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Staying under 400% FPL for FIRE
Replies: 47
Views: 3236

Re: Staying under 400% FPL for FIRE

HomeStretch wrote:
Wed Mar 11, 2020 6:00 pm
+1.

You need compensation to contribute to an IRA. Does your income from your rental properties qualify?
This has not been addressed. You need earned income to contribute to an IRA (of any type).
Passive income does not count. There is specific rules concerning this.
by N1CKV
Wed Mar 11, 2020 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Unmarried home ownership, joining his preexisting purchase
Replies: 72
Views: 3674

Re: Unmarried home ownership, joining his preexisting purchase

I would continue just paying rent. This makes it less complicated in case things go south. If he puts pressure on you to purchase equity in his home, these two statements come to my mind. 1. "poop or get off of the pot" 2. "better put a ring on it". I agree 100% I am a guy that owned a house, girlf...
by N1CKV
Wed Mar 04, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Making public vs. private high school decision
Replies: 59
Views: 3329

Re: Making public vs. private high school decision

From my experience, I would say public school. I grew up in an area without a great school system. I went to the best elementary school in the system. I went to a Magnet program middle school. I went to a Magnet program high school... and promptly was kicked out my freshman year because of grades (I...
by N1CKV
Mon Feb 17, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: My parents wants the house in my name - Advice?
Replies: 26
Views: 2915

Re: My parents wants the house in my name - Advice?

Do you reside or have any investment of your own assets in these 2 houses?
If not then stay away. Are you a party to the mortgage of property B?
by N1CKV
Tue Feb 11, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Getting audited: advice requested
Replies: 16
Views: 3132

Re: Getting audited: advice requested

As an Accountant that deals with annual audits I will say the above answers of being cooperative are correct. The Auditor just wants to accomplish his job. He's not "out for you", it's nothing personal. If you have trouble producing the documents requested then express that and suggest alternatives....
by N1CKV
Fri Feb 07, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5067

Re: Downside to using Cash Back credit cards

It's really not an issue. Next month or two your score will rebound. Credit scores are all about the long game. Example: I maxed out 2 of my cards at the same time once.* My score quickly rebounded and increases were even offered. *This was a one time thing, my house had flooded with no flood insura...
by N1CKV
Thu Feb 06, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: FreeTaxUSA first-time user
Replies: 9
Views: 690

Re: FreeTaxUSA first-time user

I have used FreeTaxUSA for several years, completely free.
I can electronically file my State for free on the State Dept. of Revenue's website, so I skip the paid option but make a mental note of the state refund due for cross checking.
by N1CKV
Thu Jan 09, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Customer service representative request for last name
Replies: 23
Views: 1789

Re: Customer service representative request for last name

I have a friend that worked at a sub-company of The Home Depot in a customer service center, he was "assigned a "name". It was not his real name and it was unique to the company's customer service staff. If they will not provide you with a last name you can inquire if their name is unique or is ther...
by N1CKV
Fri Jan 03, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: HSA effective date in the middle of hospital stay
Replies: 5
Views: 422

Re: HSA effective date in the middle of hospital stay

You are confusing HSA with HDHP:
HSA = Health Savings Account
HDHP = High Deductible Health Plan

Contributions to a HSA can only be made while participating in a HDHP.
Any balance in a HSA can be used for deductibles, copays, etc. regardless of the health plan.
by N1CKV
Tue Oct 29, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much deferred maintenance would make you walk away from a home deal?
Replies: 30
Views: 2582

Re: How much deferred maintenance would make you walk away from a home deal?

The items listed are not deferred maintenance, some of it would just be needless spending. My house was built in 2002: -I have never touched the water heater. I likely will not. It is not an item that needs to be replaced until it exhibits problems. -I replaced my original HVAC less than a year ago....
by N1CKV
Thu Oct 17, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: Are Really Large Battery Brands Fungible?
Replies: 29
Views: 3651

Re: Are Really Large Battery Brands Fungible?

That is am AGM Group 34 battery. Autozone has some Duralast for under $200: https://www.autozone.com/batteries-starting-and-charging/battery/duralast-platinum-battery-34-agm-group-size-34-740-cca/319463_929734_25697 I am not endorsing one brand over another, but Amazon has some deals: https://www.am...
by N1CKV
Fri Aug 30, 2019 11:44 am
Forum: Personal Investments
Topic: Young people with good earnings and still want to work do 100 equities
Replies: 44
Views: 4936

Re: Young people with good earnings and still want to work do 100 equities

100% Equities is not appropriate for anyone...
Prettyfrtnt wrote:
Thu Aug 29, 2019 11:00 pm
So what’s your approach? For the bad times?
...and this question is precisely why.
By holding a minimum of 10-20% in stable value investments you are able to capitalize on down markets with those investments.
by N1CKV
Wed Aug 21, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating social security in the future
Replies: 29
Views: 2116

Re: Estimating social security in the future

I am personally not banking on anything, but my situation is less common than most (I will not have 30 years of quarters, I MIGHT end up with 40 quarters eventually). ...but more relevant, and somewhat inline with what others have mentioned: Any "reasonable" estimate you make now is likely going to ...
by N1CKV
Wed Aug 21, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Buying land - no metes and bounds description
Replies: 14
Views: 1066

Re: Buying land - no metes and bounds description

The seller really needs to get better verification of what the property actually is. *As other's have suggested, starting with looking at what is on the books at the clerk of court is best. Sometimes maps are included. *Look at satellite photos to see how they line up. *Look for evidence of old fenc...
by N1CKV
Mon Aug 19, 2019 9:07 am
Forum: Personal Investments
Topic: Can having wealthy parents be a justification for a more aggressive investment strategy?
Replies: 97
Views: 8088

Re: Can having wealthy parents be a justification for a more aggressive investment strategy?

100% equities provides nothing with which to rebalance in case of a market correction. 90/10% can over time provide a better return than 100%. I came here to say the same thing. The ability to re-balance/ hold "dry powder" from bonds/fixed income can prove very useful. I say be aggressive, but 100%...
by N1CKV
Wed Aug 14, 2019 11:49 am
Forum: Personal Investments
Topic: Still losing to inflation
Replies: 35
Views: 3075

Re: Still losing to inflation

Just some thoughts:
1. Cash will never beat inflation. You are barely touching the market, not sure why you would expect to beat inflation.
2. In order for me to buy low and sell high I need someone to buy my high and sell at their low. For this, I thank you.
by N1CKV
Tue Aug 13, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: help understanding pension
Replies: 19
Views: 1423

Re: help understanding pension

Each plan is different.
For my pension: If I leave I can take my contributions, but I never qualify for employer contributions or any interest.
by N1CKV
Tue Aug 13, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Limits of HOA power - public streets
Replies: 25
Views: 2092

Re: Limits of HOA power - public streets

Generally the "HOA" would consist of a board and members, the board is typically is elected persons from within the membership. Generally it would be the board acting. Generally the board (as a group) would need to pass a resolution supporting the cause in order to establish that the action is the w...
by N1CKV
Tue Aug 13, 2019 10:19 am
Forum: Personal Investments
Topic: Can having wealthy parents be a justification for a more aggressive investment strategy?
Replies: 97
Views: 8088

Re: Can having wealthy parents be a justification for a more aggressive investment strategy?

100% equities provides nothing with which to rebalance in case of a market correction. 90/10% can over time provide a better return than 100%. I came here to say the same thing. The ability to re-balance/ hold "dry powder" from bonds/fixed income can prove very useful. I say be aggressive, but 100%...
by N1CKV
Thu Jul 25, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 80
Views: 11936

Re: Way out of financial catastrophe?

Are they trying to bring you up to current code through a retrofit? Are you actually required to bring it up to current code? Just because it does not meet current code does not make it dangerous/ deficient. It apparently met code when the original work was done. Repairs typically do not require a h...
by N1CKV
Wed Jul 24, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dogs and homeowners insurance company
Replies: 86
Views: 6028

Re: Dogs and homeowners insurance company

My insurer has a simple solution: They specifically exclude dog liability in their base liability insurance policy. You can buy dog coverage as a rider after asking some questions. I think the rider costs me $35/yr for two Miniature Pinschers. Your insurance company has handled the issue in the bes...
by N1CKV
Tue Jul 23, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Dogs and homeowners insurance company
Replies: 86
Views: 6028

Re: Dogs and homeowners insurance company

My insurer has a simple solution:
They specifically exclude dog liability in their base liability insurance policy.
You can buy dog coverage as a rider after asking some questions. I think the rider costs me $35/yr for two Miniature Pinschers.
by N1CKV
Thu Jun 27, 2019 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant identity theft issue on lease
Replies: 40
Views: 4500

Re: Tenant identity theft issue on lease

I am not a landlord or a tenant or an attorney... I would proceed against both of them. If the daughter wishes to be removed she needs to file and follow through with identity theft charges against her mother to the local prosecutor. She can use those charges in a court of law to help prove that she...
by N1CKV
Wed Jun 26, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Ally savings acct lowers rate by 10 bps to 2.1%
Replies: 40
Views: 6290

Re: Ally savings acct lowers rate by 10bp to 2.1%

anon_investor wrote:
Wed Jun 26, 2019 9:19 am
Tdubs wrote:
Wed Jun 26, 2019 9:09 am
Their no penalty CD is still at 2.3%. Last call!
Haha, I just got in on that last week, only wish the minimum was lower!
The 2.3% with a minimum of $25k is a bit steep for me.
I like $5K increments on my CDs and 2.15% on $5k min doesn't really do anything for me.
by N1CKV
Tue Jun 11, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Sudden Debt - best strategy to pay off? (30k total)
Replies: 20
Views: 2266

Re: Sudden Debt - best strategy to pay off? (30k total)

Does your water bill include sewerage? If so it is likely the sewerage part that is making it skyrocket based on water usage. You can contact the biller and explain this and have the bill adjusted. People also do this all the time when filling swimming pools, which the water is not going in to the s...
by N1CKV
Tue Jun 11, 2019 12:10 pm
Forum: Personal Consumer Issues
Topic: Tips for new pet owner [puppy]
Replies: 71
Views: 4866

Re: Tips for new pet owner

We are getting a puppy in couple of weeks and even though I am very happy for the new addition I cant help but be a little concerned about doctor and medical cost and other cost of new puppy. So wanted a few tips in that regard: - How much should I expect to pay for a doctor visit on an average? - ...
by N1CKV
Fri May 31, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 15767

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

My opinion is that the only true solution is to educate your wife/ heirs. Establish a budget. Make her stick to it. You have plenty of cushion to give her for "extras". If they are unwilling to learn the bare minimum of financial management and how to live within their means (budget) then no matter ...
by N1CKV
Thu May 30, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Living and Lending Under One Roof
Replies: 4
Views: 703

Re: Living and Lending Under One Roof

I believe this. I wonder how much of it is necessity and how much is completely voluntary?

My mother may end up living with me someday, but it would not for monetary reasons on either side.
by N1CKV
Fri May 10, 2019 12:52 pm
Forum: Personal Investments
Topic: To 457b or not to 457b
Replies: 15
Views: 1311

Re: To 457b or not to 457b

Do you have a Roth option for the 457b? My 457b added the Roth option a few years back, depending on what your taxable income is now vs predicted in retirement, a Roth 457b might be advantageous. The reason I say this, the inheritance should have a step up in any basis (assuming it is not in a tax a...
by N1CKV
Tue May 07, 2019 8:02 am
Forum: Personal Investments
Topic: Has anyone invested in marijuana stocks?
Replies: 31
Views: 3370

Re: Has anyone invested in marijuana stocks?

Pot stocks are likely to go up in smoke. Don't let your money go up in smoke too. This sums up my opinion. The reason is that I can see this going one of two ways: 1. Heavy regulations burdens the industry so that very few winners can exist, and those won't be nearly as enthusiastic. 2. Widespread ...
by N1CKV
Tue May 07, 2019 7:55 am
Forum: Personal Investments
Topic: Best place for savings for a future car purchase
Replies: 5
Views: 971

Re: Best place for savings for a future car purchase

Use a high yield savings account.
This keeps the funds a liquid as possible. If you are anything like me you will start looking a few months earlier and if you find a great deal on the perfect vehicle you will want the funds available, not tied up somewhere that could risk you missing out.
by N1CKV
Mon May 06, 2019 12:34 pm
Forum: Personal Investments
Topic: Selling in MAY and ....... ?
Replies: 18
Views: 2275

Re: Selling in MAY and ....... ?

I will let you know when I return from December.
by N1CKV
Wed May 01, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: What if I Never Buy a House?
Replies: 109
Views: 17350

Re: What if I Never Buy a House?

Home ownership does not sound like a good fit for the original poster, at least at this time. If I were the original poster at this stage in life I would be saving as if I were saving for a house down payment. The reason I say this is because down payments do not materialize in a short period of tim...
by N1CKV
Mon Apr 29, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off my mortgage - what to expect?
Replies: 46
Views: 4609

Re: Paying off my mortgage - what to expect?

Contact your insurer and have them remove any lien holders listed on the policy. Typically your mortgage company requires that they be listed as a lien holder, which means any checks paid on the policy would be jointly to you and the mortgage holder. Now is the time to take care of this, not when yo...
by N1CKV
Tue Apr 16, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Savings account for child?
Replies: 35
Views: 1745

Re: Savings account for child?

dm200 wrote:
Tue Apr 16, 2019 9:59 am
Some credit unions offer special, higher rate, savings accounts for children.
I came here to say this. Credit Unions are more invested in the community, and as such do things such as give a minor higher interest for the sake of getting them interested in savings.
by N1CKV
Tue Apr 16, 2019 9:04 am
Forum: Personal Investments
Topic: Roth IRA forcing bad asset allocation
Replies: 8
Views: 876

Re: Roth IRA forcing bad asset allocation

When I was just starting out I was 100% TSM in my IRA, it was what it was. I finally realized that amount was next to nothing in the big scheme of things, although it seemed like a lot back then. You could also just use a Target Date Retirement fund that closely follows your desired stock/ bond spli...
by N1CKV
Wed Apr 10, 2019 8:51 am
Forum: Personal Investments
Topic: 457B Options - Severance from Employment
Replies: 15
Views: 1020

Re: 457B Options - Severance from Employment

If I were her, depending on whether or not she may return to government employer I would either consider Roth Conversion within in Nationwide Traditional 457 Plan when her income is at zero and if the market corrects or crashes, the value is below her cost basis, i.e. instead of $30K it is worth $1...
by N1CKV
Tue Mar 26, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO is not a Insurance Co
Replies: 31
Views: 5558

Re: GEICO is not a Insurance Co

Maybe not in your state? We don't know your state, so we can't really say. Most "insurance companies" are underwritten by other entities. My Geico automobile policy specifically names the following companies as party to my insurance contract: · Government Employees Insurance Company · GEICO General ...
by N1CKV
Fri Mar 22, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: sale of our investment property to our daughter
Replies: 18
Views: 1712

Re: sale of our investment property to our daughter

The only way you would be able to claim a loss is if you were charging her rent and paying taxes on that rental income all along, otherwise it is as the above poster said - personal use property.
by N1CKV
Thu Mar 14, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Retiring Early and losing RSUs
Replies: 32
Views: 2933

Re: Retiring Early and losing RSUs

If they RSUs will never vest to you then ignore them as part of your compensation. It is just that simple.
If your compensation does not make sense otherwise then walk and go somewhere else.
by N1CKV
Mon Mar 04, 2019 9:21 am
Forum: Personal Consumer Issues
Topic: Luggage Carry On 22" long x 14" wide x 9" tall
Replies: 24
Views: 2099

Re: Luggage Carry On 22" long x 14" wide x 9" tall

Get it fixed. There is no reason to believe a local tailor/ alterations shop couldn't replace it with the same or better quality zipper. Any competent tailor can stitch that on securely without a concern.
by N1CKV
Tue Feb 05, 2019 1:31 pm
Forum: Personal Investments
Topic: Don't File Too Early
Replies: 47
Views: 6492

Re: Don't File Too Early

I'm getting a refund. I usually do. I file ASAP. If there is a corrected form issued I can always file and amendment.
by N1CKV
Wed Jan 09, 2019 10:17 am
Forum: Personal Consumer Issues
Topic: Fender Bender backing out of garage. File a claim with insurance?
Replies: 21
Views: 1776

Re: Fender Bender backing out of garage. File a claim with insurance?

I would go with the cheaper shop. The safety systems aren't involved with a simple fender scrape/ pull. I would not file an insurance claim, a difference of $300 out of pocket isn't worth increased premiums or loss of accident forgiveness. For what sounds like a simple fender replacement, the bigges...
by N1CKV
Wed Jan 09, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: What are my options with the current mortgage?
Replies: 35
Views: 2303

Re: What are my options with the current mortgage?

It is time to take your self from being a person that pays interest, to a person that earns interest. Why would you borrow money at 3.65%, only to stick it in the bank at ~2.00%???? You haven't stated any reason to need that much cash. You have more than enough to tide you over in the case of a job ...
by N1CKV
Thu Dec 20, 2018 9:03 am
Forum: Personal Consumer Issues
Topic: Is Liquid Plumber / Draino bad for the pipes?
Replies: 51
Views: 6673

Re: Is Liquid Plumber / Draino bad for the pipes?

Did he go through the overflow plate instead of the drain? This is the first thing to do. If that doesn't work... Back in high school and college I worked at a plumbing supply house (where plumbers shop for their material). We carried a product, that MUST be used with caution, but is available to t...
by N1CKV
Wed Nov 28, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: So that's why 2-day shipping isn't what I expected!
Replies: 41
Views: 5358

Re: So that's why 2-day shipping isn't what I expected!

My main issue is that the Amazon drivers never ever under any circumstances ring the doorbell (and we have two!). I had an opposite experience. They rang the doorbell and waited, then called me while standing at my front door. I was watching them on my Ring Doorbell the whole time from my office (a...