Search found 3667 matches

by Pajamas
Fri Feb 23, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 58
Views: 4290

Re: Do you rent even if you can afford to buy?

Here's an article that you might be interested in: https://www.nytimes.com/2017/05/19/realestate/they-can-afford-to-buy-but-they-would-rather-rent.html If you are coming up with a difference between renting and buying of only a couple of hundred dollars, perhaps re-examine your assumptions. Maybe th...
by Pajamas
Fri Feb 23, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Review ettiquette
Replies: 19
Views: 1229

Re: Review ettiquette

"meets expectation" That would probably be best as there is no current problem. It wasn't a big enough issue to write up or even discuss actions or a plan to remedy it, just a brief mention that it was an issue and then the employee was expected to change the behavior and did so. Sounds very routin...
by Pajamas
Fri Feb 23, 2018 7:00 pm
Forum: Investing - Theory, News & General
Topic: Is there any flaw in this short-term tactic?
Replies: 9
Views: 340

Re: Is there any flaw in this short-term tactic?

The flaw is that there is no catalyst for unlocking the value of Alibaba shares held. Yahoo without the Alibaba shares is probably not worth anything at all or actually has a negative value. The situation is not a secret and the market accurately reflects the current value. There are plenty of compa...
by Pajamas
Fri Feb 23, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: 401 (a) plan and has left employer
Replies: 3
Views: 150

Re: 401 (a) plan and has left employer

Are you 100% sure that you can only transfer half to an IRA and the other half must go into their annuity plan? I would read the contract and other documentation very carefully. If so, I would wait to see if they change the rules. Best option would be to transfer all and manage it yourself. If you w...
by Pajamas
Fri Feb 23, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 38
Views: 1139

Re: anonymous financial gift to student / best gift card option

A Visa prepaid or gift card costs the original purchaser a few dollars over the value loaded on it but there are no fees or other charges for the recipient. It is used just like a Visa card at any place that accepts Visa, online or in person. It's easy to check the remaining balance online. It does...
by Pajamas
Fri Feb 23, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Favorite socks?
Replies: 26
Views: 869

Re: Favorite socks?

Sounds to me as if you simply have not found the right wool socks to suit you. Maybe the ones you have tried are too thick and rough. There are plenty of wool socks that are thin and soft. Look for ones made for daily wear rather than for sports like hiking and skiing. Wool breathes well and wicks m...
by Pajamas
Fri Feb 23, 2018 6:21 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 38
Views: 1139

Re: anonymous financial gift to student / best gift card option

A Visa prepaid or gift card costs the original purchaser a few dollars over the value loaded on it but there are no fees or other charges for the recipient. It is used just like a Visa card at any place that accepts Visa, online or in person. It's easy to check the remaining balance online. It doesn...
by Pajamas
Fri Feb 23, 2018 11:44 am
Forum: Investing - Theory, News & General
Topic: Terminology question: what does "losing money" mean?
Replies: 71
Views: 2559

Re: Terminology question: what does "losing money" mean?

Depends on the context. In this particular context, given the length of time and relatively flat performance in unadjusted dollars, I would have said something like "None of the three funds even kept up with inflation." If someone replied, "But they didn't lose money!" then it would be obvious that ...
by Pajamas
Fri Feb 23, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Career advice - to apply for promotion or not
Replies: 6
Views: 826

Re: Career advice - to apply for promotion or not

Further education, whether a business degree focused on tea pots or a certificate in teapots or similar might help you but that is not an immediate solution. Finding a mentor who can help you advance may also help. Another option might be to transfer your teapot skills into a similar industry such ...
by Pajamas
Wed Feb 21, 2018 11:49 pm
Forum: Personal Consumer Issues
Topic: How Secure Is Your Apartment
Replies: 29
Views: 2694

Re: How Secure Is Your Apartment

My MIL lived in an apartment the last 25 years of her life, and when we cleaned it our we never found several items we expected to be there. I know there were times when she returned home after an outing and discovered maintenance people in there doing one task or another. In her later years she us...
by Pajamas
Wed Feb 21, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Employment for Immigrant Wife
Replies: 27
Views: 2237

Re: Employment for Immigrant Wife

She should focus on perfecting her English as well as getting a GED while pregnant and immediately afterwards. Those would help with both getting any job and with further education. Plenty of people do leverage their foreign degrees if they can be accepted as the basis for an advanced degree but she...
by Pajamas
Wed Feb 21, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice - to apply for promotion or not
Replies: 6
Views: 826

Re: Career advice - to apply for promotion or not

Sounds like you took the current position hoping to prove yourself to them for the position you really wanted and that hasn't happened. You can certainly apply for it anyway but it might work out better for you to look for a position that you really want elsewhere. As far as not having enough experi...
by Pajamas
Wed Feb 21, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Rental income from overseas
Replies: 3
Views: 293

Re: Rental income from overseas

For instance if the rent is $1000/month, the renter also pays $250/month to local city on behalf of the owner. If the renter is paying a quarter of the rent to the city ON BEHALF of the landlord, it should be as if the landlord is receiving and paying it, similar to how an employer withholds and pa...
by Pajamas
Wed Feb 21, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: Lawn care, especially bare, shaded spots
Replies: 14
Views: 677

Re: Lawn care, especially bare, shaded spots

Sounds like you should hire a landscape architect.
by Pajamas
Wed Feb 21, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: Lawn care, especially bare, shaded spots
Replies: 14
Views: 677

Re: Lawn care, especially bare, shaded spots

Some form of mulch, possibly with stepstones or pavers or bricks, would be best in trafficked areas. Most grass won't hold up to significant foot traffic.
by Pajamas
Wed Feb 21, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Sams Club vs Costco
Replies: 66
Views: 5070

Re: Sams Club vs Costco

sailaway wrote:
Wed Feb 21, 2018 2:38 pm

I get $10-20 clothes at Costco. Better quality than Walmart for the same price. I would be very surprised to see a $60 sweater.
Costco has had special cashmere sales in the past.
by Pajamas
Wed Feb 21, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Clever phishing -- be careful!
Replies: 21
Views: 1447

Re: Clever phishing -- be careful!

MP123 wrote:
Wed Feb 21, 2018 2:46 pm

I like the "I was two drinks in" at the bar part... :beer
Many good & bad things both in my life started with a couple of drinks at a bar. . . . :beer
by Pajamas
Wed Feb 21, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: Lawn care, especially bare, shaded spots
Replies: 14
Views: 677

Re: Lawn care, especially bare, shaded spots

Change to a different form of ground cover rather than trying to grow grass under shade trees. Either use some kind of mulch that is readily available in your area (wood chips, pine straw, pecan shells, etc.) or a shade-loving plant. https://extension2.missouri.edu/g6835 Might be worth paying a loca...
by Pajamas
Wed Feb 21, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Considering move to Tulsa, OK
Replies: 21
Views: 2284

Re: Considering move to Tulsa, OK

Oklahoma is windy because Kansas sucks and Texas blows.

Sorry to spoil the fun! :beer
by Pajamas
Wed Feb 21, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Clever phishing -- be careful!
Replies: 21
Views: 1447

Re: Clever phishing -- be careful!

A couple of weeks ago I got an email supposedly from Wells Fargo claiming that there was fraudulent activity on my account and I needed to follow a link to verify my identity and reset my password, etc. Obviously it was a fraud, but especially so since I don't have any accounts at WF. Obviously the...
by Pajamas
Wed Feb 21, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Interested on opinions on paying off low-rate ARM
Replies: 23
Views: 813

Re: Interested on opinions on paying off low-rate ARM

Yes, you would have to accept a small amount of risk to come out ahead. I was just giving that as an essentially risk-free baseline for comparison to your mortgage interest rate. You are looking at a five year period, not long-term but not short-term, either.
by Pajamas
Wed Feb 21, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Which Inflation Rate Do You Use?
Replies: 19
Views: 1100

Re: Which Inflation Rate Do You Use?

Over the long-term, the inflation rate is generally slightly below interest rates.



Image
by Pajamas
Wed Feb 21, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Interested on opinions on paying off low-rate ARM
Replies: 23
Views: 813

Re: Interested on opinions on paying off low-rate ARM

You can get about 2.4% on CDs right now. No need to actually pay off such a low-interest mortgage now if you have the funds available to do so at any time. Better to have that money available to pay off the mortgage OR use for something else.
by Pajamas
Wed Feb 21, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Clever phishing -- be careful!
Replies: 21
Views: 1447

Re: Clever phishing -- be careful!

I don't think I've ever had anyone call me from a financial organization unexpectedly. In a situation like that, always ask if you can call them back on a known number for that organization. It's not 100% sure to prevent problems, especially if someone inside the organization were a scammer as at We...
by Pajamas
Wed Feb 21, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Need an education on Rental Insurance
Replies: 14
Views: 555

Re: Need an education on Insurance

If you change the title of your post to reflect that it is insurance for a rental property you might attract responses from people with experience in this. Either that or try a website devoted to rental property such as Bigger Pockets. (Just an example; I'm not recommending it in particular as I'm n...
by Pajamas
Wed Feb 21, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Home Refinancing Advice - First Home Buyer
Replies: 9
Views: 592

Re: Home Refinancing Advice - First Home Buyer

This sort of thinking is part of what led to housing being a major part of the 2008-2009 financial crisis. Don't try to extract and leverage six months' worth of phantom equity increase calculated from perceived current market value based on comps, and especially don't do so by refinancing at a high...
by Pajamas
Wed Feb 21, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Cyber theft insurance
Replies: 3
Views: 288

Re: Cyber theft insurance

bloom2708 wrote:
Tue Feb 20, 2018 5:02 pm
Dave Ramsey recommends Zander Identity Theft Protection

https://www.zanderins.com/idtheft2

The price is reasonable (within reason). Does your bank offer protection? Credit cards?
How much do they pay Ramsey for his endorsement?
by Pajamas
Wed Feb 21, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? ** How to deduct in 2018??
Replies: 88
Views: 4413

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

If your Silver plan requires copays before the deductible is met, it doesn't qualify for an HSA. The only exception would be copays for preventive care.
by Pajamas
Wed Feb 21, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 72
Views: 5257

Re: Multiple Offer situation/should we pull our offer?

I would not respond to them at all. If they contact you again, let them know that they asked for your best and final offer and you gave it to them as requested. However, if your costs will have increased due to the delay, let your agent know that your best and final offer has been reduced by the amo...
by Pajamas
Wed Feb 21, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Need an education on Rental Insurance
Replies: 14
Views: 555

Re: Need an education on Insurance

They are certainly not apples-to-apples as far as coverage but both could be perfectly legitimate. Here are some differences to consider: https://intlxsblog.com/2015/10/19/property-coverage-forms-commercial-vs-personal-what-difference-does-it-make/ What you want to avoid is any coverage that does no...
by Pajamas
Wed Feb 21, 2018 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Whole life->variable life or cash out
Replies: 4
Views: 344

Re: Whole life->variable life or cash out

What would the taxes be on $6k? If the taxes would be such a big deal to you, you could probably use the cash now. If the taxes wouldn't be such a big deal, it wouldn't be worth the trouble and opportunity cost of rolling it into another bad investment.
by Pajamas
Wed Feb 21, 2018 12:30 am
Forum: Personal Consumer Issues
Topic: OTC supplements without huge bottles?
Replies: 11
Views: 593

Re: OTC supplements without huge bottles?

Most all supplements come in bottles that are significantly larger than needed to hold the contents for ease of filling with machinery and perhaps to make you think you are getting more. Same with food. Only solution will be to repackage the supplements and as others have said, that could cause issu...
by Pajamas
Wed Feb 21, 2018 12:21 am
Forum: Personal Consumer Issues
Topic: Mental Accounting -- How to solve problem
Replies: 31
Views: 2688

Re: Mental Accounting -- How to solve problem

I think you are simply making things too difficult by overthinking everything. You seem to be setting inflexible rules for yourself such as saving 20% but not making allowances for the unexpected things that inevitably happen in life and then trying to game your own rules to win against yourself, if...
by Pajamas
Wed Feb 21, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? ** How to deduct in 2018??
Replies: 88
Views: 4413

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

1. This does not make sense to me. $3,053/month for ACA medical insurance coverage which covers very little seems unreasonable. Please explain. Insurance for people in their 60s is expensive. You spent $20k on healthcare. One or two hospitalizations and your medical care would have been much more t...
by Pajamas
Tue Feb 20, 2018 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Investing vs student debt
Replies: 13
Views: 617

Re: Investing vs student debt

Since there is an employer match on your 401(k)s, you would want to contribute enough to at least get the maximum match before you consider anything else. Also if you reduce a pre-tax contribution, your take-home pay will decrease even more.
by Pajamas
Tue Feb 20, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Advice please: overpaid by previous employer, encountering incompetence when attempting to repay
Replies: 8
Views: 1022

Re: Advice please: overpaid by previous employer, encountering incompetence when attempting to repay

I would send a check with a note letting them know that the amount requested doesn't seem to be correct. I wouldn't pursue it beyond that unless they later requested additional repayment beyond what you think is actually owed. It is their job to calculate the correct pay and I don't think it is your...
by Pajamas
Tue Feb 20, 2018 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4087

Re: Giving up on first home

boglerocks wrote:
Tue Feb 20, 2018 10:25 pm

The property checks all of our boxes which is rare but yeah maybe it doesn't feel right any more.
This is one of those times your brain needs to overrule your gut.
by Pajamas
Tue Feb 20, 2018 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Horrible Experience with Ally New Account Opening Process
Replies: 21
Views: 1815

Re: Horrible Experience with Ally New Account Opening Process

I tried to open a checking account at an online bank about ten years ago and it was denied. They couldn't give me any information about why over the phone. I simply applied at a different bank without waiting to find out why because I had to open an account quickly because I was going to be away fro...
by Pajamas
Tue Feb 20, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4087

Re: Giving up on first home

You're right, I have put a ton of time and effort into this so far but I feel like there is still a huge mountain to climb and then when I'm owner it looks like the real "fun" begins... and never ends. Basically I feel like my life will be a lot simpler and easier if I drop it. It is probably true ...
by Pajamas
Tue Feb 20, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4087

Re: Giving up on first home

eye.surgeon wrote:
Tue Feb 20, 2018 10:05 pm
Why do you need a lawyer to buy a house, let alone lawyers.
Because some states require it. . . .

https://www.superiornotaryservices.com/ ... ly-states/

:oops:
by Pajamas
Tue Feb 20, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Sales tax deduction - definition of "renovation"
Replies: 1
Views: 196

Re: Sales tax deduction - definition of "renovation"

The Pub. 600 you are looking at, which tax year is it for?
by Pajamas
Tue Feb 20, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4087

Re: Giving up on first home

If you're already in escrow and there are no significant problems or red flags, forge ahead. You didn't get to this point without a lot of thought and effort and it's normal to feel anxious when buying your first house or with any large purchase, for that matter, such as your first car.
by Pajamas
Tue Feb 20, 2018 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Update: Yikes, I waited too long, am I [too late]? 50k to invest
Replies: 52
Views: 5026

Re: Yikes, I waited too long, am I [too late]? 50k to invest

A target date retirement fund is a type of investment that combines stocks and bonds in varying proportions over time. An IRA is a type of account that can hold various investments, including a target date retirement fund. You should take a deep breath and start with the basics before you do anythin...
by Pajamas
Tue Feb 20, 2018 4:15 pm
Forum: Personal Consumer Issues
Topic: frustrated with patek philippe poor service
Replies: 29
Views: 2387

Re: frustrated with patek philippe poor service

Do what one of my professors did. Wear the expensive broken watch for show and keep a Timex in your pocket to tell the time with. These days, you could just use your phone for the time, you wouldn't even need to buy a Timex. If you insist on a working watch, get someone here in the U.S. who speciali...
by Pajamas
Tue Feb 20, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Paying for expedited credit card replacements?
Replies: 16
Views: 590

Re: Paying for expedited credit card replacements?

I had to have a very rarely-used debit card replaced while on vacation last year. The bank offered me the option of overnighting it for $35, if I remember correctly. I declined but they overnighted it anyway. 8-) Banks and credit card issuers have increased their dependence on fees. A fee to cover t...
by Pajamas
Tue Feb 20, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Furnace Setting for Vacation
Replies: 23
Views: 1283

Re: Furnace Setting for Vacation

You also need to have a way to monitor the temperature or to ensure that the heat is working or have someone monitor it for you. If the heat fails, pipes can freeze, and then when they thaw, leak. That can cause a lot of damage resulting in expensive repairs. Some people are saying they lower their ...
by Pajamas
Tue Feb 20, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Connecticut is charging sales tax on out of state purchases
Replies: 40
Views: 2532

Re: Connecticut is charging sales tax on out of state purchases

Regarding the rotisserie chicken (and deli sandwiches, etc.), prepared food is sales/use taxable in CT. If you buy a rotisserie chicken in a supermarket in a Connecticut, whether it is subject to tax depends on where you pay for it. See the section, "Special Rules for Supermarkets": http://www.ct.g...
by Pajamas
Tue Feb 20, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Recent retiree - where to invest today
Replies: 23
Views: 1787

Re: Recent retiree - where to invest today

Others will tell you not to time the market, to determine an allocation and stick with it. I'll give you a perspective on a related issue. At 65 your life expectancy is 18 years. You could keep $414,000 in near cash, say CDs, and spend about 4% adjusted for inflation starting with $16,560 a year and...
by Pajamas
Tue Feb 20, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Would umbrella policy protect from actions of litigious condo neighbor?
Replies: 13
Views: 1762

Re: Would umbrella policy protect from actions of litigious condo neighbor?

A condo policy usually includes some coverage for "loss assessments" or similar that pays if the condo association's coverage is exhausted in a situation such as you describe. That would probably apply before an umbrella policy.
by Pajamas
Tue Feb 20, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: Repairing Stucco: A Case of Contractor Gouging
Replies: 39
Views: 2710

Re: Repairing Stucco: A Case of Contractor Gouging

The difference between price fixing and price discrimination is explicit collusion - admittedly difficult to prove. I submit above that contractors explicitly collude by sharing "rules-of-thumb" about how they quote in different neighborhoods and furthermore punish those tradespeople who don't coop...