Search found 1333 matches

by flyingbison
Wed May 17, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Future Jobs
Replies: 4
Views: 639

Re: Future Jobs

http://www.oxfordmartin.ox.ac.uk/downlo ... oyment.pdf

The appendix (p. 57) has a list of occupations, ordered by how likely they are to be automated (least likely to most likely)
by flyingbison
Wed May 17, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2093

Re: Is it legal to use a first mortgage for an investment property?

Not to be a jerk but...what business is it of yours? The block is a small street in a very desirable neighborhood. These are large, historic homes zoned single family. They are not zoned multi-family/apartments...that requires a zoning variance. The intent of the zoning code is for single family. D...
by flyingbison
Tue May 16, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Take a reduction in pension?
Replies: 23
Views: 1317

Re: Take a reduction in pension?

Yes - I should've given more info. I'm healthy, 69, and my daughter is married. No children yet. Were I to die prior to the 10 years, she would inherit a 7 figure portfolio. Low 7, but, 7 nonetheless. I'm torn between I made it - now I should spend it on myself and - but, if I die, the company will...
by flyingbison
Mon May 15, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 49
Views: 4386

Re: Tipping for restaurants where you order at the counter

Here's an ethical question for y'awl. If you get a meal during a restaurant promotion at a seriously, deeply discounted price (second entree for free, for example)--do you tip on the actual discounted price or the regular non-discounted price? The pre-discount price of course. The server's work is ...
by flyingbison
Mon May 15, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 49
Views: 4386

Re: Tipping for restaurants where you order at the counter

Here's an ethical question for y'awl. If you get a meal during a restaurant promotion at a seriously, deeply discounted price (second entree for free, for example)--do you tip on the actual discounted price or the regular non-discounted price? Generally, I tip on what the full price of the meal wou...
by flyingbison
Sat May 13, 2017 9:17 pm
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 44
Views: 3308

Re: How much to tip movers?

squirm wrote:Why would someone not tip movers? It's hard work for little pay. Offer them soda too. You probably tip whoever cuts your hair. Don't understand some people.


The same reason I do not get tipped. Because they are already getting paid by their employer.
by flyingbison
Tue May 09, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Purchase
Replies: 58
Views: 6843

Re: Bitcoin Purchase

Gufomel wrote:Can you buy a fraction of a bitcoin? My definition of play money is approximately $5 :)



Yes, you can.
by flyingbison
Sat May 06, 2017 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7193

Re: Stay home with kids?

No advice, but I'm debating the same question myself lately.

It's a tough call. If I give up my job, even if I find part-time work, I'll be low income for the rest of my life and into retirement.
by flyingbison
Fri May 05, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 17908

Re: Why save so much for when you're old?

I don't think you should save so much that you aren't enjoying your life now.
by flyingbison
Fri May 05, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 3801

Re: Unmarried couple purchasing a home?

Don't do it. Here's a cautionary tale: A good friend of ours bought a house with her boyfriend about 10+ yrs ago. (They both owned property before and used proceeds towards this house). Well, their relationship was great, and statistically should have worked out for both of them (highly educated, e...
by flyingbison
Fri May 05, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 3801

Re: Unmarried couple purchasing a home?

I think you're missing the point. Cohabiting doesn't give you the legal and tax benefits of marriage. If one of them died unexpectedly, that's person share of the house wouldn't automatically go to the surviving person. They also can't filed jointly on their taxes to maximize the mortgage interest ...
by flyingbison
Fri May 05, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 3801

Re: Unmarried couple purchasing a home?

There are lots of reasons why people may choose not to be married. In some situations (though certainly not all), there are legal and financial benefits to being unmarried. Some people have moral/ethical objections to marriage. Others just have no compelling reason to get married. Depending on the ...
by flyingbison
Fri May 05, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 3801

Re: Unmarried couple purchasing a home?

Buying a house together I think is built on the assumption the relationship will be permanent. Not getting married on the other hand is a move to avoid the potential downfall of a marriage: divorce. I don't think either of those assumptions is true for many people. Why do you say that? Does anyone ...
by flyingbison
Fri May 05, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 3801

Re: Unmarried couple purchasing a home?

DoTheMath wrote:
Source: We bought a house together nearly 10 years ago, have been together for 13+ years, and have outlasted more marriages than I can count.


Similar here ... including my own marriages.
by flyingbison
Fri May 05, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 3801

Re: Unmarried couple purchasing a home?

flamesabers wrote:
Buying a house together I think is built on the assumption the relationship will be permanent. Not getting married on the other hand is a move to avoid the potential downfall of a marriage: divorce.


I don't think either of those assumptions is true for many people.
by flyingbison
Fri May 05, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 2194

Re: Pension vs 401k

I would choose the 401k (or 403b) option, as I have in the past. It's difficult to believe that the pension plan will even exist in 30 years, or if it does, that it will be anything at all like it's current form.
by flyingbison
Fri May 05, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 3801

Re: Unmarried couple purchasing a home?

aqan wrote:Just wondering what's the rationale behind behind buying the home together if you're not planning to get married ever?


Probably for all the same reasons that married couples buy homes together.
by flyingbison
Thu May 04, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: College saving choices
Replies: 25
Views: 1575

Re: College saving choices

We don't know what your initial savings may have been (most of us started at zero), but with an 11% savings rate, if we assumed a 5% real return on your savings, it would take roughly 49 years to build enough savings to replace your expenses for a normal retirement period. You might want to conside...
by flyingbison
Thu May 04, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)
Replies: 50
Views: 3048

Re: Wife getting PhD, how to fund? (student vs 401k loan vs home equity, etc)

I'd probably opt for the Home Equity Loan in that situation. Just curious, but what on earth generates 10K worth of "fees" at this university? Also, how realistic is the 3-4 year timeline? What field is she in? Many people take a lot long er than that to finish (though she may not need to ...
by flyingbison
Wed May 03, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA - Contributing for a working spouse
Replies: 7
Views: 497

Re: Roth IRA - Contributing for a working spouse

sneh.km wrote: Recently, I created a Roth IRA account for my husband (I already have one).


I am surprised you were allowed to do so.
by flyingbison
Wed May 03, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: 403b Quandry
Replies: 13
Views: 526

Re: 403b Quandry

There shouldn't be any problem holding multiple 403b accounts, but have you contacted Aspire about this? When I have moved funds from one company to another in the past, each one has their own way of doing things and you might need to initiate the process with Aspire instead of Putnam.
by flyingbison
Tue May 02, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for minor
Replies: 29
Views: 1165

Re: Roth IRA for minor

Yeah, forcing your kids to save is just wrong I guess. I agree. And paying them for things going beyond normal household chores is just unethical. You can pay them anything you like, but whether it actually qualifies for earned income is another story. If you are paying them for the primary purpose...
by flyingbison
Tue May 02, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for minor
Replies: 29
Views: 1165

Re: Roth IRA for minor

edited - double post
by flyingbison
Tue May 02, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for minor
Replies: 29
Views: 1165

Re: Roth IRA for minor

How old is old enough? Can I pay my 8 year old for cutting the grass? Is 9 old enough? 10? I want to start teaching my kids the value of investing and compounding. I think the best way is to put some in their own account that they can see grow. What will you do if they don't want to invest their ea...
by flyingbison
Tue May 02, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for minor
Replies: 29
Views: 1165

Re: Roth IRA for minor

How old is old enough? Can I pay my 8 year old for cutting the grass? Is 9 old enough? 10? I want to start teaching my kids the value of investing and compounding. I think the best way is to put some in their own account that they can see grow. What will you do if they don't want to invest their ea...
by flyingbison
Wed Apr 26, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: grandparent college loan options
Replies: 16
Views: 937

Re: grandparent college loan options

Where are the child's parents? Could she qualify as independent for financial aid purposes? "Being considered an independent student is not merely a matter of being responsible for your own educational expenses. You must meet certain criteria to be declared an independent student for the purpos...
by flyingbison
Tue Apr 25, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: co-worker had a baby, chipping in on gift- how much?
Replies: 57
Views: 3219

Re: co-worker had a baby chipping in on gift- how much?

F150HD wrote:Co-Worker just had a baby. What is a customary amount for a baby gift at work?


Customary for me - $0.00
by flyingbison
Mon Apr 24, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: understanding TIAA-CREF
Replies: 22
Views: 1439

Re: understanding TIAA-CREF

TIAA is just a company. There are different type of accounts that may be held in TIAA, and your friend would need to know the specific type of account and the employer rules for the plan.
by flyingbison
Mon Apr 24, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: Sabbatical/year away plans-- what to consider?
Replies: 7
Views: 635

Re: Sabbatical/year away plans-- what to consider?

Excellent points re: renting the house while we're away. We'd have to think very carefully about whether that makes sense for us. It's a brand new house and we'd rather not come back to find it junked. If you live near a university, you might want to contact their HR department to inquire about the...
by flyingbison
Fri Apr 21, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: Removing a tree - expensive!!!
Replies: 85
Views: 7125

Re: Removing a tree - expensive!!!

If it is that close to the houses, then they'll have to bring in some type of boom or cherry picker to cut it down a little at a time. No cheap way to do it, unfortunately. Yes! I am sure that contributes to the high price! I am no tree expert, but I cannot see any way the tree can safely just be &...
by flyingbison
Fri Apr 21, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Removing a tree - expensive!!!
Replies: 85
Views: 7125

Re: Removing a tree - expensive!!!

If it is that close to the houses, then they'll have to bring in some type of boom or cherry picker to cut it down a little at a time. No cheap way to do it, unfortunately.
by flyingbison
Fri Apr 21, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tangible benefit to "Getting your name out there" for employment?
Replies: 5
Views: 548

Re: Tangible benefit to "Getting your name out there" for employment?

It seems like the main benefit would be gaining relevant experience if this is the type of work you are hoping to do.
by flyingbison
Thu Apr 20, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Should I roll out my portion of my pension???
Replies: 7
Views: 759

Re: Should I roll out my portion of my pension???

Thanks for the replies..... Yes the $55000 represents $769 per month starting in 20 years which does not seem great. I am going to file the paper work and roll it into a IRA and take control of my own future. I knew it was the right answer but I want to make sure I did not miss anything. Late to th...
by flyingbison
Wed Apr 19, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Adult child lack of availability at tax time.
Replies: 24
Views: 2010

Re: Adult child lack of availability at tax time.

Do nothing. You are making this your problem, and it has nothing to do with you.
by flyingbison
Wed Apr 19, 2017 10:16 am
Forum: Personal Consumer Issues
Topic: Tips on Uber
Replies: 64
Views: 5176

Re: Tips on Uber

squirm wrote: ... these people barely make enough to justify what their doing. Saying the app doesn't allow it, is just a copout, just hand them a five, at least their trying to make ends meet by working. ...


I'd say the same applies to me, but I've never been tipped in over 30 years.
by flyingbison
Tue Apr 18, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Help with pension info
Replies: 9
Views: 425

Re: Help with pension info

OP, are you sure this is actually a pension (defined benefit) plan vs a defined contribution plan? Generally speaking, there are very few companies that offer pension plans anymore, and if this one does, I wouldn't plan on it being around by the time you retire.
by flyingbison
Tue Apr 18, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: Dishwasher Problem
Replies: 4
Views: 521

Re: Dishwasher Problem

Not enough info to diagnose it, but it could be a problem with the float switch. Before calling a repair tech, I would take off the kick plate panel so you can see the plumbing and wiring underneath. See if there anything obviously broken or out of place. Then turn it on to see if you can spot where...
by flyingbison
Mon Apr 17, 2017 7:48 pm
Forum: Personal Consumer Issues
Topic: Any MPA Grads or Students? Advice.
Replies: 10
Views: 1117

Re: Any MPA Grads or Students? Advice.

The teachers assign a lot of reading but I've noticed that there is little correlation between the readings and the assessments so you don't actually have to do most of the readings. Most of the assessments are essays and there have been very few in classroom exams. If you look at RateMyProfessor.c...
by flyingbison
Mon Apr 17, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Pension option-Should I include child?
Replies: 33
Views: 2193

Re: Pension option-Should I include child?

I've never heard of a pension plan that would pay out a lifetime survivor benefit to a child. It doesn't seem like a financially sustainable model. For example, my state pension plan has this note regarding all the survivor options: "This option is not available if your named survivor is more t...
by flyingbison
Fri Apr 14, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Best place to setup a will
Replies: 42
Views: 3708

Re: Best place to setup a will

I have no idea. I've never had a will nor had a need for one. I don't know if they legally need updating every X years? some kind of official 'stamp' every few years? Thats why I asked. Please explain, in general, how this can be. You have no relatives? You have no assets? I never had a will until ...
by flyingbison
Thu Apr 13, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 4047

Re: Will - what is complicated?

It seems to me that, except for some unusual gross screwups, the heirs (and other interested parties) either would not know or could not document that the will did not conform to the stated desires and intents of the deceased. Suppose, for example, that the deceased had three children, bit only nam...
by flyingbison
Thu Apr 13, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 4047

Re: Will - what is complicated?

I am answering this thread only because I think the OP is getting one-sided advice. Does everyone that has posted so far really believe a group of attorneys in the state of X could not write up software for the typical couple with a couple of kids, ... I agree with you gasdoc, but on this site it s...
by flyingbison
Wed Apr 12, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 4047

Re: Will - what is complicated?

I am answering this thread only because I think the OP is getting one-sided advice. Does everyone that has posted so far really believe a group of attorneys in the state of X could not write up software for the typical couple with a couple of kids, ... I agree with you gasdoc, but on this site it s...
by flyingbison
Wed Apr 12, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 4047

Re: Will - what is complicated?

Wow, thanks for the great feedback. Pretty resounding advice to work with an attorney. That was my gut, but I always try to consider the DIY route first. I'll read a couple books and be prepared to lessen the cost, but it seems like a smart investment to work with an expert. As an alternative to co...
by flyingbison
Wed Apr 12, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: NY Free College for household AGI less than $125k
Replies: 3
Views: 434

Re: NY Free College for household AGI less than $125k

It's not clear from your post why you are aggravated - because you do qualify or you don't?. My kid has a long way to go until college, but I would seriously consider moving back to NY for this.
by flyingbison
Tue Apr 11, 2017 8:51 pm
Forum: Personal Consumer Issues
Topic: leaving early from work
Replies: 57
Views: 7371

Re: leaving early from work

Both of us work and we have kids(less than 3 yrs old). We need to drop off and pick up kids at day care. Both of us work in the financial space. How accommodating are bosses to this situation? Really depends on the company and your supervisor. But it sounds like this isn't an occasional request, bu...
by flyingbison
Tue Apr 11, 2017 5:27 pm
Forum: Personal Consumer Issues
Topic: Honda Pilot good 1st vehicle for teen?
Replies: 46
Views: 2715

Re: Honda Pilot good 1st vehicle for teen?

If it were my shoes, I would keep the Pilot for your son. I would however limit his ability to haul friends around. As someone else mentioned above, nothing good for him or you can come from your son hauling friends around. That's not how (my) teenagers worked. They generally do exactly what you te...
by flyingbison
Mon Apr 10, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans, Deferment, and Credit Scores.
Replies: 4
Views: 314

Re: Student Loans, Deferment, and Credit Scores.

Answers to some of your questions are here: https://studentaid.ed.gov/sa/repay-loan ... orbearance

I do not believe she can defer payments indefinitely.
by flyingbison
Mon Apr 10, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 100
Views: 4302

Re: Require Access to School Records?

8foot7 wrote:I am amused by how many people say cut the cord when that tuition and boarding check comes out of their accounts and not the kid's checking.


Not everyone thinks that money = control. Different strokes.

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