Search found 263 matches

by FreemanB
Fri Oct 19, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 113
Views: 6915

Re: Depositing Cash if it was gifted?

Here's a scary story. https://www.nytimes.com/2014/10/26/us/law-lets-irs-seize-accounts-on-suspicion-no-crime-required.html If you look up the details, most of these events were triggered by the account owner deliberately depositing less than $10k specifically to avoid the reporting requirements. I...
by FreemanB
Fri Oct 12, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Employer Contributions 401k/roth 401k/ Vanguard IRA confused
Replies: 10
Views: 528

Re: Employer Contributions 401k/roth 401k/ Vanguard IRA confused

Correct. Employer will match up to 18500 but i can also contribute to all 3 options and get 3% on 100 and 5 on 50% match. My 401k doesnt have too many great options to choose from. Just to be clear, are you saying that your employer will match your contributions to each option separately, because t...
by FreemanB
Thu Oct 04, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 11957

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

I had a similar situation, where a buyer contacted us through our realtor a few weeks after closing to claim we knew about a problem and should pay for fixing it. Per our realtor's advice, we didn't respond at all and let our realtor(I think through their realtor) tell them that there would be no ne...
by FreemanB
Tue Oct 02, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Adult kids getting help from parents
Replies: 36
Views: 2284

Re: Adult kids getting help from parents

Are you saying your parents kicked you out the door on your own as soon as you turned 18?(Or at least graduated high school, hopefully) If so, then yes, that is unusual, at least by today's standards. Most parents provide at least some support to their kids during college. It isn't required, of cour...
by FreemanB
Mon Oct 01, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6831

Re: Why is Home Part of NW [Net Worth]

I've never known what "net worth" is supposed to be good for, except for bragging. And quasi-bragging, letting financial institutions know some imprecise measure of how rich you are, and whether they can consider you "qualified" to buy into hedge funds and such. I actually view it as an overall fin...
by FreemanB
Wed Sep 26, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: First-time victim of credit card fraud
Replies: 48
Views: 3963

Re: First-time victim of credit card fraud

But what was bought at Sam's? It is often quite interesting what the perps end up buying. From my own experiences and what I've read, the most common purchases are gift cards, which they immediately either sell or use for other purchases, making it almost impossible to track down the money. You als...
by FreemanB
Fri Sep 21, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: My Very First Smartphone [Samsung Galaxy S9+] — Please Critique This Plan
Replies: 123
Views: 6651

Re: My Very First Smartphone — Please Critique This Plan

(My old compact point-and-shoot was actually very good, except in low light. I expect the phone will be an upgrade in that regard. I found myself not missing the old film slr when I went digital, so I expect a quality phone camera will serve my needs well.) taking videos Just about any smart phone ...
by FreemanB
Fri Aug 31, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3357

Re: 1st time dad, OK to use willmaker software?

My wife and I had simple wills done with software when we had no kids. While expecting our child, we went to a lawyer that specializes in wills and trusts, paid a few hundred dollars, and got a package that included everything discussed above.(Distribution of assets, guardianship, etc) Could we have...
by FreemanB
Thu Aug 30, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: 0% card to another 0%?
Replies: 21
Views: 1391

Re: 0% card to another 0%?

I don't see any problem with it, and I just did the same thing recently. Too many people(Here in particular) get too caught up with how you pay for something, conflating that with rather or not you should have spent the money in the first place. To me, there are always two questions for every large ...
by FreemanB
Mon Aug 27, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 14
Views: 2175

Re: Potential Claw-Back from IRS of Gifted Assets

It's not quite that simple/clear. If the gift exemption is $11M before 12/31/25, and you gifted that amount before that date....but the "Estate and Gift Tax Exemption Amount" is half of that after that date and you die in early 2026, what is the "law in force" at that time? That you gifted a larger...
by FreemanB
Mon Aug 27, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 14
Views: 2175

Re: Potential Claw-Back from IRS of Gifted Assets

My opinion only, and I'm no expert, but I don't think the term "Claw-Back" applies in this situation, since no taxes are levied until the person's death. That's the only time the exclusion limit is applied, when determining any estate tax liabilities. From the tax code, "(C) Increase in basic exclus...
by FreemanB
Mon Aug 27, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22385

Re: Did you celebrate when you finally hit $1m?

I actually hit the $1m mark on Friday, although I've known we were getting close. My celebration consisted of two parts. First, I looked at my wife and said "Hey, we're millionaires now.", to which she replied "Ok.", then went back to whatever she was doing. Second, I'm posting about it here. Like o...
by FreemanB
Thu Aug 23, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Need recommendation for home alarm system
Replies: 48
Views: 4386

Re: Need recommendation for home alarm system

Home alarm systems provide a false sense of security. Get a dog. LOL, check out some of the videos where they recorded what dogs do when the homeowner isn't home and a stranger comes into the house. A dog may be protective of you, but they generally aren't going to care about the valuables being ca...
by FreemanB
Thu Aug 23, 2018 7:34 am
Forum: Personal Consumer Issues
Topic: Need recommendation for home alarm system
Replies: 48
Views: 4386

Re: Need recommendation for home alarm system

So with SimpleSafe you need to replace all the batteries once a year? I've had SimpliSafe for 3-4 years now, and I think I've only replaced the batteries in the two keypads I have and possibly the smoke or CO2 sensor.(I'm not 100% certain, since we have several non-alarmed smoke detectors as well) ...
by FreemanB
Fri Jul 27, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Advice For Friend Going Through Divorce
Replies: 25
Views: 3551

Re: Advice For Friend Going Through Divorce

If possible, avoid attorneys or at least minimize their impact. Go through a mediator, stay amicable as possible, sell the need to the pending ex-spouse to stay objective as a way for both sides keeping as much of their $ as possible vs giving a huge percentage to the attorneys who may very well wa...
by FreemanB
Thu Jul 26, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Help Please!! Contract payments not being paid
Replies: 16
Views: 1904

Re: Help Please!! Contract payments not being paid

So the prime contractor's company was bought/sold/changed somehow? I'm no expert, but my guess would be that's delayed the billing to the government, and the Prime is trying to hold off on payments until they start receiving the money from the government. I've seen that before, and of course, it hur...
by FreemanB
Thu Jul 26, 2018 9:55 am
Forum: Investing - Help with Personal Investments
Topic: ESPP - Optimum Holding Period, Taxes & Fees?
Replies: 11
Views: 812

Re: ESPP - Optimum Holding Period, Taxes & Fees?

I appreciate the replies! Generally people tend to sell their ESPP immediately, and I agree it makes sense. Immediate gain is hard to beat. I'm probably overthinking this. Would it make a difference that I'm 26 years old? I could hold the required 2 years and then sell quarterly thereafter, which w...
by FreemanB
Wed Jul 25, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP - Optimum Holding Period, Taxes & Fees?
Replies: 11
Views: 812

Re: ESPP - Optimum Holding Period, Taxes & Fees?

Except that world+dog sells when you do. Folks out there always seem to front run it, since I always lose 0.5% or so from the peevest value, and recovers next day. You might want to wait two hours or so if my anecdote is your guide. I noticed the same thing several times in a row, where it went up ...
by FreemanB
Wed Jul 25, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 10093

Re: Dealing with HOA Notice

OP has been using satellite for five years even after HOA letter said no violations. If he now has to pay $500 to use the same satellite solely to comply with HOA rules, then that sure is an increase in the cost of use. That said, OP ought to move the wire if it looks like crap. Actually, the OP sa...
by FreemanB
Wed Jul 25, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP - Optimum Holding Period, Taxes & Fees?
Replies: 11
Views: 812

Re: ESPP - Optimum Holding Period, Taxes & Fees?

One thing I didn't see in your post is the length of the purchase period. If quarterly, then it is very similar to my ESPP, except I only get a 5% discount on the price on the last day of the purchase. My fees when selling are slightly less though. You should calculate the actual return percentage i...
by FreemanB
Wed Jul 25, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 10093

Re: Dealing with HOA Notice

This ^ I'd mail them an envelope full of sand and tell them to pound it, but that's just me. A $500 charge to reroute a cable would almost certainly be considered to unreasonably increase the cost of maintenance and use and would fail to meet the requirement. Essentially, you can tell them that the...
by FreemanB
Tue Jul 24, 2018 6:55 am
Forum: Personal Consumer Issues
Topic: Verizon streaming issues
Replies: 32
Views: 1471

Re: Verizon streaming issues

Are you saying the location of the router and/or streaming by WiFI might be the issue? I really don't have the option with my setup to do it any differently without running wires/cables throughout the house which I assume I'd have to pay to do. The router is in a basement bedroom where the Verizon ...
by FreemanB
Mon Jul 23, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 10093

Re: Dealing with HOA Notice

I would fix the cable if it was simple, it is a townhouse with three stories, near the roof (very high). Estimate to fix the cable (touch the cable) or remove the dish was $500 I am planning to replace the roof in a year or two and would definitely remove the cable/dish as I don't use them. I would...
by FreemanB
Thu Jul 19, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about job change but current job gives 9% salary into 401k..
Replies: 27
Views: 3599

Re: Thinking about job change but current job gives 9% salary into 401k..

Well for one, I'm getting a little bit bored with the project and I'm not liking the direction the project is taking from above. I know that if I moved, I'd probably get to do some new and interesting things but still I would guess that too would become boring eventually. The ONLY factor that keeps...
by FreemanB
Wed Jul 18, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about job change but current job gives 9% salary into 401k..
Replies: 27
Views: 3599

Re: Thinking about job change but current job gives 9% salary into 401k..

I left my previous job about 6 months away from vesting in a small pension(After about 4.5 years). There was a slight bump in pay(Maybe 1-2%), roughly equivalent benefits, and about the same commute. However, my new job was challenging, interesting, and has much more potential for advancement. Overa...
by FreemanB
Thu Jul 12, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 7222

Re: Costco Membership

I'd try Zenni first as well. I used them for my last glasses and had no problems. I've heard good things about Costco as well, but Zenni is likely to be a lot cheaper and has a good selection. As for not finding frames he liked, I'd say that wouldn't be a consideration for me after the second pair g...
by FreemanB
Tue Jul 10, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Traditional 401k
Replies: 11
Views: 829

Re: Roth 401k vs Traditional 401k

I saw that article earlier, and I thought they used some very suspect math. The biggest flaw in that article is that they assume that the Traditional 401k contributions would be taxed at the same rate as the withdrawals in retirement. That will only rarely be the case, since your contributions are t...
by FreemanB
Thu Jul 05, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get credit check for landlord?
Replies: 18
Views: 1602

Re: Where to get credit check for landlord?

No, a credit report from the free services isn't the same as a credit check. I wouldn't want to give that much information out if it isn't necessary. I've never heard of someone asking you do to it yourself, without any guidance about how to do it.(Like a specific service to use, etc) I think most o...
by FreemanB
Thu Jul 05, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: A few MOOC gripes
Replies: 7
Views: 1137

Re: A few MOOC gripes

I'm not really sure either of your gripes are really about MOOCs. For the first, that's the standard business model for virtually every subscription service out there, and yes, they do profit off of inertia/forgetfulness/laziness/etc. The same was true in the old movie rental days. That's also why t...
by FreemanB
Tue Jul 03, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: 25-year-old military vet/undergrad student in search of advice
Replies: 11
Views: 1072

Re: 25-year-old military vet/undergrad student in search of advice

When you look at your cash and investments going down, don't consider it a loss. Instead, you are moving from cash to an investment in yourself that will have a huge return in the future. I was in the same boat. I got out of the military at the age of 27 and went back to school full time for two yea...
by FreemanB
Tue Jul 03, 2018 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Need Info/Experience With Opening Capital 360 Account
Replies: 7
Views: 617

Re: Need Info/Experience With Opening Capital 360 Account

Did they do away with the ability to scan checks and deposit them through their website? I know they do mobile deposits, but I don't have a smartphone and it wouldn't be cost effective to get one either. Do you have a tablet, or have you considered getting one instead of a smartphone? All you reall...
by FreemanB
Thu Jun 21, 2018 7:16 am
Forum: Personal Consumer Issues
Topic: Surprise - Costco sells - but does not install vehicle batteries
Replies: 85
Views: 6622

Re: Surprise - Costco sells - but does not install vehicle batteries

SelfEmployed123 wrote:
Wed Jun 20, 2018 11:50 am
I believe Costco does take the old batteries back to recycle. You can also return the battery no questions asked.
Ahh, didn't know they took the old ones. Hmm, not sure why they don't install them then.(I'm sure there's a monetary reason though)
by FreemanB
Wed Jun 20, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: Surprise - Costco sells - but does not install vehicle batteries
Replies: 85
Views: 6622

Re: Surprise - Costco sells - but does not install vehicle batteries

I would guess that the cost of storage and disposal of the old batteries is likely what Costco is trying to avoid.
by FreemanB
Mon Jun 18, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 17657

Re: Should I take possession of a certified mail?

So I guess I don't understand why anyone on an anonymous internet forum thinks they can impose deadlines on people to do things, or making fun about them for not responding as soon as everyone else believes is possible or desirable.... this thread has had pages of nothing but people complaining abo...
by FreemanB
Mon Jun 18, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Amended 2016 returns question
Replies: 11
Views: 842

Re: Amended 2016 returns question

Is there a way to reach a settlement? It's $1200 interest!.. With the state? Not likely if you have the ability to pay. However, if the mistake was entirely your accountant's, then they should be responsible for any penalties or interest due because of it. A respectable accountant would have alread...
by FreemanB
Mon Jun 18, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Can I take state tax deduction on 529 if relative makes a contribution
Replies: 10
Views: 1347

Re: Can I take state tax deduction on 529 if relative makes a contribution

FYI, I spoke with the state representative for the 529 and since I am the account owner I can take the tax deduction whether I contribute or an out of state relative contributes. This still seems bizarre, but I'll take it. I don't think I would take tax advice from a representative of the 529 plan....
by FreemanB
Fri Jun 15, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 17657

Re: Should I take possession of a certified mail?

I see lots of posts stating they wouldn't accept the letter because it likely isn't anything good. However, I can't see a scenario where not accepting the letter would create a positive outcome and many scenarios where not accepting it would lead to a negative outcome. If it is a bill for services, ...
by FreemanB
Thu May 24, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Decision points on new Iphone
Replies: 19
Views: 1362

Re: Decision points on new Iphone

Nope. When I hit send, my text goes. I never watch video on my phone. My battery easily lasts 24 hours. I receive emails. I can make and receive phone calls. I can search the web for answers. When I set the alarm for 6am, at 6am, it makes noise. I've yet to find anything that is slower than my eyes...
by FreemanB
Wed May 23, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 3425

Re: Parents with pre-K kids and 529 target

I wouldn't worry about coming up with an exact figure now. As others have stated, there are too many variables and it is too far out to really do more than guess. A few years ago, when I was deciding on a number, I faced the same problem. Many calculators were giving wildly different estimations. Fi...
by FreemanB
Tue May 22, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: French hotel amenities...
Replies: 15
Views: 1366

Re: French hotel amenities...

I wouldn't expect any of the items in particular, but you can generally check on Hotels.com or other websites to find out what specific hotels offer.
by FreemanB
Wed May 16, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1744

Re: Paying off Debt vs. Investing

I agree with all of this. I guess what I'm getting at, assuming the math is correct, is that in all of the pay off debt vs. investing commentary I have seen, I have never once heard anyone say that you have to put that debt payment towards some kind of investment once the debt is paid off in order ...
by FreemanB
Wed May 16, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off Debt vs. Investing
Replies: 25
Views: 1744

Re: Paying off Debt vs. Investing

I think you are mixing different questions, modifying variables without realizing it, and that's causing confusion. If you don't start investing any of the additional money after the loan is paid off, then you can simply remove the loan from the equation for your investment return. At that point, yo...
by FreemanB
Wed Apr 25, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Do you have a car w/o ABS?
Replies: 53
Views: 2823

Re: Do you have a car w/o ABS?

Maybe I'm being non-PC here, but a lot of that stuff seems to just help out bad drivers lol.. as in people not paying attention Even the best driver can suffer from a moment of inattention. To add to this, a driver can really only pay attention to one thing at a time, so the more active monitoring,...
by FreemanB
Thu Apr 19, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Future College Costs
Replies: 18
Views: 1675

Re: Estimating Future College Costs

I have a 4 year old and had the same issues trying to figure out how much I needed to save a few years ago. The calculators were all over the place, so I didn't really find any particular one that helpful. Ultimately, I decided that it wasn't worth worrying too much about this far away. I set a goal...
by FreemanB
Thu Apr 12, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: realtor wants to show house to buyer, no listing agent for me
Replies: 55
Views: 5519

Re: realtor wants to show house to buyer, no listing agent for me

Selling "as is" is for a fixer upper. Mine is definitely not one. While I agree with most, I don't understand why some people had an issue with this. Selling a house "as is" simply means that the seller(You) would not make any repairs prior to closing, regardless of what may come up during a home i...
by FreemanB
Mon Apr 02, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Electricity as home office deduction or direct expense
Replies: 7
Views: 480

Re: Electricity as home office deduction or direct expense

As phisher4 indicated, have you looked to see how much of a difference this will actually make? If the numbers work out in your favor, I would have a second meter installed for it. As long as the electrical bill is combined, trying to use numbers outside of the home office percentage will likely be ...
by FreemanB
Fri Mar 30, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 127
Views: 8691

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

It sounds like almost the opposite, since you have more control over a custodial account than over the grandparents. I.e. they could renege on the tuition and just take a 3 week cruise, while shares in a UTMA are completely controlled by the parent. Based on the citations so far, if people feel it'...
by FreemanB
Tue Mar 27, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 127
Views: 8691

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

Is this tax evasion or tax avoidance? Still unethical? The key is whether it is a quid pro quo arrangement. If they did not pay the tuition, would you still give them the gift? If the answer is no, then it isn't a gift, and the transaction is unethical and tax evasion. Increasing the time between t...
by FreemanB
Thu Mar 15, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Which of these expenses can be claimed for child care expenses deduction (2017)?
Replies: 3
Views: 333

Re: Which of these expenses can be claimed for child care expenses deduction (2017)?

If B was required as a condition of attendance/enrollment, then it should be deductible as well, since any fees necessary for enrollment are considered qualifying expenses. For C, it will definitely be considered an expense, but I'm not sure when it would normally be taken. I would lean towards incl...
by FreemanB
Thu Mar 15, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Thinking of getting an Apple Watch
Replies: 82
Views: 9217

Re: Thinking of getting an Apple Watch

I had no plans on getting a smart watch, but my wife insisted on it last December. Her reasons, although I've never seen them listed here, are likely relevant to many on this board, given the demographics. I would frequently have my cell phone in a pocket or jacket while out of the house, and in a n...