Search found 140 matches

by mx711yam
Wed Jan 16, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: 100k funds from closed ally cd needs a home.
Replies: 13
Views: 1329

Re: 100k funds from closed ally cd needs a home.

Cit bank 2.45% savings is where im at with my EF
by mx711yam
Wed Jan 16, 2019 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: CIT savings builder account ?
Replies: 14
Views: 998

Re: CIT savings builder account ?

Just opened one last month with 2.25 rate. They auto adjusted me the same day they raised their new rates to 2.45. Not sure why all the hate here, they've been great for the month I have used them so far. Much better than ally. Ally used to make me call in to rate match when they raised rates or th...
by mx711yam
Tue Jan 15, 2019 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: CIT savings builder account ?
Replies: 14
Views: 998

Re: CIT savings builder account ?

Just opened one last month with 2.25 rate. They auto adjusted me the same day they raised their new rates to 2.45. Not sure why all the hate here, they've been great for the month I have used them so far. Much better than ally. Ally used to make me call in to rate match when they raised rates or the...
by mx711yam
Sun Jan 13, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?
Replies: 82
Views: 5519

Re: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?

I had a grand Cherokee which was only 2 rows and bought a 3 row expedition. I have 3 kids and the extra space was well worth the cost. Especially if you road trip to vacations or have the grandparents in town you can all ride together where you need to go. Spend the money, its worth it.
by mx711yam
Wed Jan 02, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: self employed tax question
Replies: 37
Views: 1164

Re: self employed tax question

Self employment tax is in addition to income tax.
by mx711yam
Wed Jan 02, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Moving to online banking (Ally)
Replies: 35
Views: 1833

Re: Moving to online banking (Ally)

Used ally for years, they recently lost my business. They have gotten too big to care about the customer and it shows. If you're chasing interest rates they are competitive, but dont expect any form of customer service from them.
by mx711yam
Tue Jan 01, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Lively HSA is now Fee Free
Replies: 15
Views: 1245

Re: Lively HSA is now Fee Free

Too little too late.
by mx711yam
Thu Dec 27, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: Dental implants - fair price for teeth 23 to 26?
Replies: 30
Views: 2823

Re: Dental implants - fair price for teeth 23 to 26?

Currently doing one, 5k out of pocket for 1 tooth. I have dental insurance but it clearly sucks.
by mx711yam
Tue Dec 25, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Better options for emergency Fund than Ally CDs/Savings?
Replies: 20
Views: 2676

Re: Better options for emergency Fund than Ally CDs/Savings?

I just pulled all my money out of Ally after years of only using them due to horrible customer service and them messing me out of my 1% new funds bonus. I moved to CIT bank which has much higher savings rates. Time will tell if this was wise, but Ally just rubbed me wrong. Since the bonus hasn't be...
by mx711yam
Tue Dec 25, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Better options for emergency Fund than Ally CDs/Savings?
Replies: 20
Views: 2676

Re: Better options for emergency Fund than Ally CDs/Savings?

I just pulled all my money out of Ally after years of only using them due to horrible customer service and them messing me out of my 1% new funds bonus. I moved to CIT bank which has much higher savings rates. Time will tell if this was wise, but Ally just rubbed me wrong. Since the bonus hasn't be...
by mx711yam
Tue Dec 25, 2018 12:09 am
Forum: Investing - Help with Personal Investments
Topic: Better options for emergency Fund than Ally CDs/Savings?
Replies: 20
Views: 2676

Re: Better options for emergency Fund than Ally CDs/Savings?

I just pulled all my money out of Ally after years of only using them due to horrible customer service and them messing me out of my 1% new funds bonus. I moved to CIT bank which has much higher savings rates. Time will tell if this was wise, but Ally just rubbed me wrong.
by mx711yam
Fri Dec 07, 2018 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: What to do if expected income MIGHT phase out for Roth IRA
Replies: 7
Views: 836

Re: What to do if expected income MIGHT phase out for Roth IRA

krow36 wrote:
Fri Dec 07, 2018 1:24 am
You can recharacterize a contribution which is what was suggested. You cannot recharacterize a conversion.
https://www.irs.gov/retirement-plans/ir ... tributions
Perfect that's exactly what I needed to know. Thanks!
by mx711yam
Fri Dec 07, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: What to do if expected income MIGHT phase out for Roth IRA
Replies: 7
Views: 836

Re: What to do if expected income MIGHT phase out for Roth IRA

pdavi21 wrote:
Thu Dec 06, 2018 9:28 pm
Just backdoor it, or take the risk and ROTH it with the option to recharacterize as Trad and backdoor it if required.

Same question came up literally yesterday.
Tried searching and didnt find it.

As far as I know you can no longer recharacterize Roths........
by mx711yam
Thu Dec 06, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: What to do if expected income MIGHT phase out for Roth IRA
Replies: 7
Views: 836

What to do if expected income MIGHT phase out for Roth IRA

I started a company a couple of years ago, and it looks like 2019 might push me out of contributing to my Roth IRA if the growth continues. What do those of you do that don't know whether you should contribute or not do? Leave the money out of the market for the year, backdoor, stick it in taxable u...
by mx711yam
Sun Dec 02, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Employer says no to relocation as employee, should I offer to be contractor?
Replies: 37
Views: 3186

Re: Employer says no to relocation as employee, should I offer to be contractor?

yohac wrote:
Tue Sep 25, 2018 11:48 am
As far as gotchas, if you are working permanent full time for only one company, the IRS may get in their face and say that's an employee rather than a contractor relationship.
I just got audited and forced to make all my contractors full time employees.
by mx711yam
Wed Nov 28, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65195

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I called them to see if they will reimburse the Saturna fee and was told they do not do that and the management had a meeting this morning to say not to do it. They were not very cordial on the phone at all, wondering if maybe I stay where I am at the moment. They seemed to really not give a flip i...
by mx711yam
Wed Nov 28, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65195

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I called them to see if they will reimburse the Saturna fee and was told they do not do that and the management had a meeting this morning to say not to do it. They were not very cordial on the phone at all, wondering if maybe I stay where I am at the moment. They seemed to really not give a flip if...
by mx711yam
Tue Nov 20, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65195

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

For those transferring from Saturna with Vanguard admiral shares to this new Fidelity option, what is the fastest way to accomplish this? I was told by Fidelity that an in-kind transfer of VTSAX is not possible. I don’t want to lose $500 in market value while waiting for cash to transfer to save $2...
by mx711yam
Sun Nov 18, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65195

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

So guidance to get out of Saturna closing fee is pull all cash then close? Given that Saturna is a brokerage account, I'm wondering if couldn't be transferred as is? They still may charge a transfer or account closing fee! Sorry didn't clarify well enough. That is what I'm trying to do is avoid the...
by mx711yam
Sun Nov 18, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65195

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

So guidance to get out of Saturna closing fee is pull all cash then close?
by mx711yam
Wed Nov 14, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Are you all staying the course?
Replies: 114
Views: 7337

Re: Are you all staying the course?

With the amount of hand-wringing happening here with this minor spike in volatility, I'm fascinated to see how this forum responds if we enter a significant downturn. It feels like a lot of people here have never experienced anything but a bull market. It's really given me an understanding of why t...
by mx711yam
Thu Nov 01, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme credit card debt
Replies: 37
Views: 4318

Re: Extreme credit card debt

You got in the debt, get out. Snowball method.
by mx711yam
Mon Oct 22, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: Sequoia or Land Cruiser
Replies: 25
Views: 1417

Re: Sequoia or Land Cruiser

I looked at both of these, same age range you're talking about, then drove an expedition. For the money, I couldn't pass up what Ford has done on the 2015 and newer expeditions.
by mx711yam
Mon Oct 22, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 7790

Re: For those who paid off house - how did you do it?

I did option 1. Every extra dime went to mortgage until it was paid for.
by mx711yam
Mon Sep 17, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Aimloan.com for a refinance?
Replies: 12
Views: 894

Re: Aimloan.com for a refinance?

I used them 6 years ago, great experience.
by mx711yam
Wed Sep 12, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2972

Re: Picking a Charity

I do st judes and make a wish, soft spot for kids.

Go to charity navigator it will tell you if the charity you choose responsibly uses your money.
by mx711yam
Sat Sep 08, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Switching Careers - From IT to Police Officer
Replies: 37
Views: 4411

Re: Switching Careers - From IT to Police Officer

I was a State Trooper for 8 years and reserve as a local now so feel free to PM me if you would like. I will say this, you will not make the difference you think you will. Looking back on my time, I made 1 true difference (rescued sexual assault victim) but at a HUGE expense to family life. Cops use...
by mx711yam
Fri Sep 07, 2018 9:08 am
Forum: Personal Consumer Issues
Topic: Car Shopping, Seem to lose my Boglehead way each time help!!
Replies: 37
Views: 3058

Re: Car Shopping, Seem to lose my Boglehead way each time help!!

At the dealership picking up a new truck now. I have an opposition to paying more than 30k for a new car but don't like used so I found a new f150 bare bones xlt for 28,700. Considering used go for about the same price may as well buy new. Don't be suckered into the features you don't need!
by mx711yam
Fri Aug 31, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6904

Re: Emergency fund size

I keep 50k but expense wise I only need 36. But I sleep better with 50.
by mx711yam
Sat Jul 21, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Union Bank 18-month CD @ 2.75% APY
Replies: 33
Views: 3437

Re: Union Bank 18-month CD @ 2.75% APY

Wow, 9 month 2.75, I'm in.
by mx711yam
Sat Jul 07, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Which route for older adult with no retirement?
Replies: 19
Views: 2608

Re: Which route for older adult with no retirement?

If you find it corrupt working there, go start your own salon. I started my own company and you will be shocked the amount of operating bills you have. I used to think all business owners were loaded until I started a business. Yes it's legal to start a Roth IRA, you're making income and reporting it.
by mx711yam
Wed Jun 27, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 11193

Re: Lost out on promotion

Just start your own company. Then you truly are rewarded for what you bring to the table. Double edged sword though, you quickly find out how good you are vs how good you thought you were!
by mx711yam
Fri Jun 22, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 408
Views: 41717

Re: What is/ was your career and would you recommend it now?

I was State Trooper. NO I WOULD NOT RECOMMEND BEING A POLICE OFFICER.

I now own a business. Definitely recommend owning your own business if you can deal with the feast/famine world and the stress that comes with that. :sharebeer
by mx711yam
Wed Jun 20, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 9491

Re: Help Buying Mens Shoes for Work and Dating

I just got a pair of Allen Edmonds hopkinsons, they are sweet. Very comfortable, but very expensive.
by mx711yam
Thu May 31, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Beach condo vs mountain cabin investment property
Replies: 30
Views: 2832

Re: Beach condo vs mountain cabin investment property

Family member has 1 of each. Makes almost twice as much with cabin, but it's huge.
by mx711yam
Sun May 27, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Buying Ford Extended Warranty online vs different plan offered by the Dealer...
Replies: 21
Views: 1611

Re: Buying Ford Extended Warranty online vs different plan offered by the Dealer...

You can buy the factory ford warranty online through 2 different ford dealers and it's WAY cheaper. That's what I did but I can't recall the 2 dealers that offer it, if you google it I'm sure it will pop up. Factory warranty through a factory dealer.
by mx711yam
Wed May 16, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 53
Views: 9414

Re: Golden Handcuffs

I left law enforcement with only 8 years left until a full pension to start my own company. Worth it in my opinion, but everyones financials are different.
by mx711yam
Fri May 11, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Home Fire/Burglar Safe
Replies: 21
Views: 1711

Re: Home Fire/Burglar Safe

Get a Ft. Knox or American Security. I don't even worry about my stuff anymore.
by mx711yam
Sun Apr 08, 2018 6:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 90
Views: 16013

Re: Too much Bogleheads.org?

It gets worse. Just wait until your wife will no longer listen to you when all you want to talk about is money haha
by mx711yam
Wed Mar 28, 2018 3:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 23936

Re: A lot of heavy hitters this morning

I completely agree. I tell me wife all the time how we're poor ( really we're probably the 1% for our age) and she goes off on me. But when you see how much some of these other people on here have and make, it sure does make you feel poor! I have had to kind of limit the amount of time I have spent ...
by mx711yam
Wed Feb 21, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: Good Hotel in DC
Replies: 46
Views: 4077

Re: Good Hotel in DC

I stayed at the W. Excellent location but pretty pricey.
by mx711yam
Tue Feb 13, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 10983

Re: Job is starting to suck the life out of me.

I went through the same thing when I was a cop. Fought it for 6 years until the quality of family life started to suffer, and then I got out.

I started my own company. That has its own set of problems, but not like what I dealt with as a cop.
by mx711yam
Tue Feb 13, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 14216

Re: Did you learn anything from the market correction?

I'm 31 and 100% stocks. I learned that I have even better risk tolerance than I thought. I actually bought more when the market started going down. I didn't freak out at all and it doesn't seem to phase me or hurt my sleep at night. I'm glad I'm 100% in stocks. On a side note I do have a fully paid ...
by mx711yam
Tue Feb 06, 2018 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 182
Views: 31313

Re: Torn between Vanguard, Fidelity and Schwab

I'm shocked to read all the vanguard responses so far. BH is usually pro vanguard.
by mx711yam
Tue Jan 23, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Is a minivan the only commuter vehicle / backup with 3 children?
Replies: 40
Views: 3137

Re: Is a minivan the only commuter vehicle / backup with 3 children?

Three kids here, 4, 2, nb. Just bought a used 2015 expedition last week after we grew out if a grand Cherokee. I'm really liking it so far. With three massive car seats, we wither had to go large SUV or minivan. My wife was not having a minivan lol.
by mx711yam
Thu Jan 04, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Co-owners with different compensation - i401k vs SEP IRA
Replies: 15
Views: 943

Re: Co-owners with different compensation - i401k vs SEP IRA

Yeah I'm positive. We had an attorney review it. Most of them just moonlight for me since they have full time jobs and then do part time work for me when they're available and I have openings for them.
by mx711yam
Wed Jan 03, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Co-owners with different compensation - i401k vs SEP IRA
Replies: 15
Views: 943

Re: Co-owners with different compensation - i401k vs SEP IRA

They're all 10-99. I don't think any of them will be at 1000 hours.

What I'm hearing is the 401k has more hoops than SEP IRA?
by mx711yam
Wed Jan 03, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Co-owners with different compensation - i401k vs SEP IRA
Replies: 15
Views: 943

Re: Co-owners with different compensation - i401k vs SEP IRA

Thanks for the replies and helping me out guys, I appreciate it. Ok so last year was the first full year. We are still working on W2's with the CPA but it will look kind of like this: Person 1: $40,000 Person 2: $60,000 Everyone that works for us are contractors at the moment because we aren't a hug...
by mx711yam
Tue Jan 02, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Co-owners with different compensation - i401k vs SEP IRA
Replies: 15
Views: 943

Re: Co-owners with different compensation - i401k vs SEP IRA

Correct each one of us is paid differently depending on the amount of cases we go out. That is where this whole thing gets messy if we are wanting to be even on payments apart from the actual on site work.
by mx711yam
Tue Jan 02, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Co-owners with different compensation - i401k vs SEP IRA
Replies: 15
Views: 943

Re: Co-owners with different compensation - i401k vs SEP IRA

The company makes the contribution to the plans but has to contribute an equal percentage of pay. So if it's 25% of 100k, that employee gets 25k in their account whereas the employee that makes 50k only get 12.5k put into their account. So the first employee would get an additional pay equivalent to...