Search found 603 matches

by fishmonger
Wed Mar 13, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: 1098 Necessary?
Replies: 4
Views: 310

Re: 1098 Necessary?

MarkNYC wrote:
Wed Mar 13, 2019 10:55 am
In this situation, Form 1098 is not required for two reasons:

1. The loan was not made in the course of the lender's (parents) trade or business
2. The loan was not secured by the property, so it would be a personal loan not a mortgage loan, so Form 1098 does not apply.
Gracias!
by fishmonger
Wed Mar 13, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: 1098 Necessary?
Replies: 4
Views: 310

Re: 1098 Necessary?

They didn't record the loan... Just to be clear, if they didn't record the loan in any manner, it is my opinion that the IRS may consider this a gift and not a loan. This may or may not be a good thing in this situation. They should be ok there. It's recorded in a signed document by both parties wi...
by fishmonger
Wed Mar 13, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: 1098 Necessary?
Replies: 4
Views: 310

1098 Necessary?

So I'm helping some family members with their tax return. Parents loaned money to their kids to buy a house. They didn't record the loan, and secure the property so the interest is non-deductible (most likely a non-issue anyway with the $24k standard deduction). Parents need to take the interest on ...
by fishmonger
Fri Feb 15, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: Nissan Slate of SUV's
Replies: 16
Views: 897

Nissan Slate of SUV's

So our 2007 Highlander with 230xxx miles is likely on it's way out in the next year or two. Wife and I have always been big Toyota fans (I drive a Tacoma). Between us, the kids and our lab we'll be shopping for another SUV. Long story short, when the time comes I should be able to get a favorable de...
by fishmonger
Wed Feb 13, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: Recommendation for home gym (limited space)
Replies: 63
Views: 4423

Re: Recommendation for home gym (limited space)

In December I purchased a full set of dumbbells (5-50 lbs) for about 900 bucks. Some of the best money I ever spent. Added to a bench and pull-up bar I already had, just cancelled by gym membership that was $82/month. Will pay for itself in less than a year. Also picked up a cheap exercise bike for ...
by fishmonger
Fri Jan 25, 2019 10:47 am
Forum: Personal Consumer Issues
Topic: My brother is only 16 and I'm concerned about his college future - should I be?
Replies: 7
Views: 689

Re: My brother is only 16 and I'm concerned about his college future - should I be?

I would wait years before I'd worry about it, kid is 16. Some of the most successful people I know were "screw ups" in high school or even shortly after. If anything, I would care about his character and work ethic. If he's fine in those areas, he'll likely be fine as a fully functioning adult, whet...
by fishmonger
Tue Jan 22, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 177
Views: 16091

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

- Grandpa’s second wife badgers him to redo estate plan with friendly lawyer and magically emerges with $3 million bequest - Relatives try to buy out dads interest in family business while estate in probate Yes, things will go wrong. This just happened with my wife's grandfather. Basically lives of...
by fishmonger
Thu Nov 08, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 99
Views: 7770

Re: Too many choices for my next TRUCK

If those are your 3 options, and you truly intend to keep it until it dies, Toyota is a no-brainer. Ford sells a lot of trucks to the builder/construction industries who wear them out and the vast majority never get to 10 years old. Anecdotally, driving around notice how many 1st generation Tacomas ...
by fishmonger
Thu Nov 01, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: Fine Dining Cape Cod
Replies: 14
Views: 1354

Re: Fine Dining Cape Cod

Two good options that fit what you are asking: Ocean House - amazing views, great food. Reservations can be tough, may not be an option Clean Slate Eatery - Get the tasting menu. Food is unsurpassed on the Cape Had been to Ocean House once before years ago and was underwhelmed, but would certainly ...
by fishmonger
Thu Nov 01, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: Fine Dining Cape Cod
Replies: 14
Views: 1354

Fine Dining Cape Cod

Wife and I have our 10 year anniversary next week and are going to the Cape for the long weekend. I've been travelling to the Cape every summer since before I could walk so I know it well. We love to eat and drink, but generally hit up casual spots, beach bars, etc. We've been to plenty of good to v...
by fishmonger
Thu Oct 18, 2018 5:46 pm
Forum: Personal Consumer Issues
Topic: Morning/Nighttime Stretching Routine
Replies: 11
Views: 1428

Morning/Nighttime Stretching Routine

Trying to keep this away from the medical advice realm. I just graduated from PT after having a pinched nerve in my neck for about the last 3 months. I'm wondering if any of you have a morning or night-time stretching routine? I'm fairly active, and always do a dynamic warmup before a gym session. B...
by fishmonger
Tue Oct 16, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 97
Views: 6698

Re: Personal Adventure - recommendations

Go to Alaska
by fishmonger
Fri Oct 05, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Carry On Luggage Recommendations
Replies: 39
Views: 2503

Re: Carry On Luggage Recommendations

Just because something is called a "carry on" does not mean that it will always be carried on. Sometimes the overhead bins are full and you have no choice but to gate check your luggage. Not if you learn how to pack light. I use a small backpack with enough clothes to go 3 days. All hotels everywhe...
by fishmonger
Thu Oct 04, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Carry On Luggage Recommendations
Replies: 39
Views: 2503

Re: Carry On Luggage Recommendations

Thanks for the replies y'all. Since I'm looking for one to carry on/stuff in an overhead bin, I assume soft would be better?

We mostly backpacked back in the day so have never had hard luggage
by fishmonger
Thu Oct 04, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: Carry On Luggage Recommendations
Replies: 39
Views: 2503

Carry On Luggage Recommendations

So my 10 year anniversary is coming up. Wife and I love to travel but have done very little of it in recent years (having kids aged 9 and 7 will do that). We have plans to go to Key West in Feb, and Montana in August. Looking to get her a solid piece of carry on luggage with spinner wheels. Having a...
by fishmonger
Mon Oct 01, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Cut back on 401k contribution to build HSA?
Replies: 11
Views: 867

Re: Cut back on 401k contribution to build HSA?

I would not decrease pre-tax 401k contributions to fund your HSA (beyond the $2k matched). I would also not skip your Roth IRA in favor of HSA. Yes, it is triple tax-advantaged, but it is narrow in its use (medical expenses). Note the HSA contribution limits for 2019: Single: $3,500 Family: $7,000 ...
by fishmonger
Wed Sep 12, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2295

Re: 401k "advice" to my associates

As mentioned earlier, I'd be careful about pushing it too hard. Would keep it real broad that you offer the benefit and would love to have everyone be a participant. More than that you could get into potential liability territory. Unlikely yes, but you are not a fiduciary and shouldn't act like one....
by fishmonger
Thu Aug 23, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5352

Re: Varying college costs across kids in the same family

My kids are 8 and 7 so I'm a long ways from having to make these decisions. But I think it really depends on the kid. I'm shocked at the number of posters saying "offer to pay for college or to give them cash." I don't think kids are mature enough to make that decision at 17, 18 years old. I wouldn'...
by fishmonger
Fri Aug 17, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Comparing Boats to Autos
Replies: 24
Views: 1507

Re: Comparing Boats to Autos

To be clear, I'm not looking for general boat buying tips, or how much to spend (I'm well aware of the costs).

Just hoping for some user experience of brands and what are good quality vs. what to stay away from. Very easy to do with autos, which is why I was looking for that comparison
by fishmonger
Fri Aug 17, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Comparing Boats to Autos
Replies: 24
Views: 1507

Comparing Boats to Autos

I know opinions on this will probably be all over the map. I'm looking to get a 17-19' boat, a combination of fishability and a decent ride for the family - tubing, jet skiing, etc. The majority of the time will be used in calm lake waters. Looking to spend around $10k, plus or minus. Brands I'm loo...
by fishmonger
Wed Aug 15, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Housing cost as a % of Income
Replies: 7
Views: 980

Re: Housing cost as a % of Income

In my opinion there are way too many variables to offer a strict percentage. Single/married/kids? Day care costs? Medical expenses? Job security?

A single person making $200k can "afford" a lot more house than a 2 income household making $200k with 3 kids
by fishmonger
Wed Aug 15, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Selling Dental Practice and Office Question
Replies: 5
Views: 1114

Re: Selling Dental Practice and Office Question

Installment sale is the way to go, but be careful with how it's structured (exactly what you are selling, for what price). Certain items are excluded
by fishmonger
Wed Aug 15, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Best consumer products - made in USA
Replies: 62
Views: 3683

Re: Best consumer products - made in USA

Agree on Darn Tough socks.

Would also add Rogue Fitness, Stihl and Tree House beer!
by fishmonger
Tue Aug 14, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1937

Re: Key West Family Vacation - February

Actually, I don't think any of the posts (so far) give it a "Go!" (for 6 days with kids) without reservations. I would find it difficult to put together a 6-day kid-friendly itinerary. Just putting this out for discussion. As much as I "want" to like Key West, I just can't put my finger on why I do...
by fishmonger
Tue Aug 14, 2018 8:21 am
Forum: Personal Consumer Issues
Topic: Books - Your 3 Best - (Nonfiction, Fiction, Financial/Investing)
Replies: 48
Views: 6038

Re: Books - Your 3 Best - (Nonfiction, Fiction, Financial/Investing)

Nonfiction:
So hard to whittle the list down to just one. If I had to pick 3 I would go with:
Unbroken - Laura Hillenbrand
The Perfect Storm - Sebastian Junger
Kitchen Confidential - Anthony Bourdain

Fiction:
The Old Man and the Sea - Hemingway

Finance:
The Millionaire Next Door
by fishmonger
Tue Aug 14, 2018 8:13 am
Forum: Personal Consumer Issues
Topic: Trip to Maine
Replies: 38
Views: 3774

Re: Trip to Maine

Bumping this thread as my wife and I have booked our trip to Maine & fly in next month The itinerary is as follows: Fly from Pittsburgh into Portland. Rent a car, drive down to Ogunquit. Drive up to Bar Harbor, and the last night in Portland. It was difficult to extend much longer due to other plan...
by fishmonger
Mon Aug 13, 2018 4:22 pm
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1937

Re: Key West Family Vacation - February

Had no idea Key West would be such a passionate "Go!" No, don't go! topic. We've traveled quite a bit and our kids are pretty worldly for their age so I'm not worried about them seeing something inappropriate in a storefront window. They've been to Ptown in the height of the summer and had a blast. ...
by fishmonger
Mon Aug 13, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1937

Re: Key West Family Vacation - February

I highly recommend Dry Tortugas. We took the float plane. More expensive than the ferry, but well worth it to me. We took the first flight of the day. We beat the ferry, so we pretty much had to island to ourselves. I also heard a lot of the ferry passengers get sea sick. We also took a snorkling t...
by fishmonger
Mon Aug 13, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1937

Re: Key West Family Vacation - February

What about spots to eat? We love good food, especially seafood
by fishmonger
Mon Aug 13, 2018 8:50 am
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1937

Re: Key West Family Vacation - February

tadamsmar wrote:
Mon Aug 13, 2018 8:34 am
Zachary Taylor State Park is a good place to hang out.

http://www.fortzacharytaylor.com/
Yes, also on the agenda
by fishmonger
Mon Aug 13, 2018 8:07 am
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1937

Key West Family Vacation - February

So after searching for a while, we decided to take a 6 day trip to Key West at the end of February. We'll be flying into Key West, not driving from the mainland. Looking for ideas of things to do: we're planning to take the ferry to Dry Tortugas, go fishing, generally hit the beach/pool, hang out an...
by fishmonger
Mon Aug 13, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: Cleaning gas grill
Replies: 40
Views: 3736

Re: Cleaning gas grill

I use a wooden scrapper I got at Costco to clean the grates after the grill has heated up. Once every two years I will take the grill apart entirely and clean out grease using degreaser and steel wool. Grills don't take a whole lot of maintenance in my opinion. The most important thing has been cov...
by fishmonger
Fri Aug 10, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: Marriott Rewards Customer Service
Replies: 4
Views: 588

Re: Marriott Rewards Customer Service

The merger slowing things down makes sense
by fishmonger
Thu Aug 09, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Marriott Rewards Customer Service
Replies: 4
Views: 588

Marriott Rewards Customer Service

Wife and I enjoy staying at Marriott's most places we go. Finally decided to take them up on their most recent offer on the Marriott Rewards Visa (100k points if you spend $5000 in the first 3 months). I had an issue being able to log into my Rewards account, and to put it mildly the customer servic...
by fishmonger
Thu Aug 09, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Help to evaluate Job Offer
Replies: 27
Views: 2034

Re: Help to evaluate Job Offer

I consulted for a top 5 bank years ago, and found the titles to be hysterical . Everyone is a VP. The guy I worked for was a VP who reported to a VP. The full chain of command was something like this VP > VP > VP > SVP > SVP > EVP > C-level. My (limited) experience as well. +2. Always makes me laug...
by fishmonger
Thu Aug 09, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8956

Re: Huge mortgage mistake

$60/month is not a huge mistake. A huge mistake would be taking a 5/1 ARM to be "able to afford the payment" on a place you have no business buying
by fishmonger
Wed Aug 08, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Seeking ideas for relaxing but not boring vacation
Replies: 19
Views: 1771

Re: Seeking ideas for relaxing but not boring vacation

New Orleans? Checks all the boxes other than low crime rate but if you stay in the usual tourist areas I'm sure you would be fine
by fishmonger
Wed Aug 08, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 97
Views: 10182

Re: When is leaving your job that pays well a good idea?

I’m starting to see a trend in early 30s individuals who submit questions such as this, heck I know for a fact I have submitted at least two over this topic. Is this something everyone 30 year old goes through, the “is this it” phase? I’m in a similar situation, besides the amazing pay (mine is goo...
by fishmonger
Wed Aug 08, 2018 8:23 am
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 97
Views: 10182

Re: When is leaving your job that pays well a good idea?

ladders11 wrote:
Tue Aug 07, 2018 10:13 pm
I would be retired if I had $2 million.
Likewise
by fishmonger
Wed Aug 08, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 97
Views: 10182

Re: When is leaving your job that pays well a good idea?

I've been in the same boat (only with a much lower net worth). Is your job truly soul crushing? If that accurately describes your work then you need to make a plan now. I had a job so stressful that it manifested itself physically - migraines, illness, etc. And I'm a relatively fit 36 year old. No a...
by fishmonger
Tue Aug 07, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: Relaxing - quieting the mind
Replies: 47
Views: 3294

Re: Relaxing - quieting the mind

Go for a walk in the woods
by fishmonger
Tue Aug 07, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Relaxing - quieting the mind
Replies: 47
Views: 3294

Re: Relaxing - quieting the mind

Put on a pair of ear mufflers, put gas in lawn mower, mow for 20-60 minutes. You will enjoy the quietness of the grass blades screaming “NO!!” as you chop an inch off. Repeat each week. Trim the bushes, whack the weeds. Your mind will be at ease. Even better get a ride on and have a beer while you ...
by fishmonger
Tue Aug 07, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Grind and Brew Coffee Makers - worth it?
Replies: 39
Views: 3695

Re: Grind and Brew Coffee Makers - worth it?

Had a Cuisinart model about 10 years ago that was terrible. Grinder stopped working after I want to say a year, we returned it and got another one with the same problem. Takes me about a minute to grind my beans each morning and add water. Not much of a time saver and as others have mentioned much m...
by fishmonger
Mon Aug 06, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: February warm weather vacation
Replies: 19
Views: 1772

Re: February warm weather vacation

Following this thread to hopefully mine some advice. Does anyone know the state of Puerto Rico at this point, at least the popular tourist areas?

My boss has a place in St. John and he didn't go down all winter due to the aftermath of Maria.
by fishmonger
Fri Aug 03, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: Ticks and common sense?
Replies: 74
Views: 4706

Re: Ticks and common sense?

Also get a tick collar for any pets I'd advise against that. They can burn the skin. Topicals work very well. In MD this year has been terrible. Picked at least 8 ticks off our one dog, soon as we put the topical on it's been 0 in 2 months. I've used one the last two years from April-October and ha...
by fishmonger
Thu Aug 02, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Ticks and common sense?
Replies: 74
Views: 4706

Re: Ticks and common sense?

Also get a tick collar for any pets
by fishmonger
Thu Aug 02, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Ticks and common sense?
Replies: 74
Views: 4706

Re: Ticks and common sense?

I live in NH where they are prevalent. Lyme disease is no joke, but I do feel the hysteria is overblown a bit. Take a hot shower after being in the woods/yard for any length of time and check yourself afterwards. We do this for both DW and I and our kids, the checks take no more than a minute per pe...
by fishmonger
Thu Aug 02, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Time to sell my 2003 Accord?
Replies: 33
Views: 2252

Re: Time to sell my 2003 Accord?

Agree that you should keep it assuming the car still works for your needs. If you spend $1000 and drive the car for another year (probably the baseline) doesn't that make sense?