Search found 1681 matches

by Jags4186
Thu Feb 22, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 47
Views: 1097

Re: Is a prenup required to establish a list of separate property before marriage?

I'm getting married soon, in a common law state (I.e not community property). Fiancee and I both have investments, and I have some home equity in a home that we are likely to refinance together. We'd like to have a legal record of what we each owned prior to marriage in the unlikely event of a divo...
by Jags4186
Thu Feb 22, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Terminology question: what does "losing money" mean?
Replies: 32
Views: 674

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

2 and 3 accurately describe what happened.

4 is the answer though. The 3 funds did not lose any money, they made money.
by Jags4186
Thu Feb 22, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Should I consider a travel Credit Card?
Replies: 44
Views: 2944

Re: Should I consider a travel Credit Card?

OP, If you are looking to get into churning, you can look at the mega thread, reddit, various online blogs etc. If you're just looking for a new card that maybe has better perks, here's my recommendation. Sign up for the Capital One Venture. Get the 50000pt/$500 signup bonus. When the year is up and...
by Jags4186
Thu Feb 22, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Balance in Marriage and Student Loans
Replies: 24
Views: 1527

Re: Balance in Marriage and Student Loans

Do nothing before you're married. Once you're married I would attack the loans as hard as possible. Then once they are paid off I would move towards saving for a house and going from there. I disagree with those above saying to wait until your married a year before doing anything. The time to "figur...
by Jags4186
Wed Feb 21, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 67
Views: 4494

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

Thanks for the thoughts everyone. We didn’t get the house. Our offer was “blown away”. Good learning experience at the minimum!
by Jags4186
Tue Feb 20, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 43
Views: 6017

Re: <gulp> Expensive mistake

Your AA is your AA. Put in the change tomorrow.
by Jags4186
Tue Feb 20, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 67
Views: 4494

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

I do have one concern, we offered a fast 45 day close time period based on today’s date since the sellers are relocating for work. If we let this sit until Friday I would need to readjust the offer as there is a limit to how close in we can be and still get everything done. I've made an offer with ...
by Jags4186
Tue Feb 20, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 67
Views: 4494

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

This is our first offer on a house and I guess I am naive. In a business setting you’re only as good as your word. If you say you’re going to do something, I expect it to get done. I guess I assume too much of people to say “you do XYZ and we’ll do ABC.” We’ll wait it out I guess, not like we have t...
by Jags4186
Tue Feb 20, 2018 6:55 pm
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 67
Views: 4494

Multiple Offer situation/should we pull our offer?

My wife and I saw and bid on a house. Our buyer’s agent informed us that after speaking with the seller’s agent, they were taking all “best and final offers” due at 5PM today. We submitted an offer at 3:30pm at $2000 over asking and that it is our best, only and final offer. At 4:30 PM we received a...
by Jags4186
Tue Feb 20, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 98
Views: 5212

Re: Question for music experts about musical keys

I got a new piano about 10 years ago, and since I play a lot of Beethoven, I asked my tuner to try a historical temperament, and he picked "Valetti-Young", a slight modification of the one Beethoven would have used. My thinking was that Beethoven worked his music around the idiosyncracies of the im...
by Jags4186
Tue Feb 20, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: First offer on a house...gut check
Replies: 16
Views: 2349

Re: First offer on a house...gut check

30 year mortgage: $410,000 at 4.25% Property Taxes: $11,300 It looks like you will be paying around $35,000 a year for those. You will also get some tax deductions but you will also have maintenance costs. As others have said you should be fine on both incomes ot the higher income, even with just o...
by Jags4186
Mon Feb 19, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Late 20's female looking for some advice towards financial independence
Replies: 31
Views: 3731

Re: Late 20's female looking for some advice towards financial independence

OP,

I've never lived alone. When I graduated from college I moved in with my best friend from high school and we lived together for 6 years. After that I moved in with my girlfriend, now wife.

Highly recommend you get a roommate. I would be bored by myself!
by Jags4186
Mon Feb 19, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Auto Shady Practice?
Replies: 31
Views: 2155

Re: GEICO Auto Shady Practice?

Correct. They raised my rates 1000% after filing a UM claim. Astounding. You went from $1200/yr to $12000/yr after just one non-injury car body damage claim? No other claims or multiple DUIs, bankruptcies, arrests, etc.? That sounds like some sort of error on their part. What did they say when you ...
by Jags4186
Mon Feb 19, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Auto Shady Practice?
Replies: 31
Views: 2155

Re: GEICO Auto Shady Practice?

what does mechanical breakdown cover anyway? towing to GEICO-approved repair shop? MBI doesn't cover towing, you would need a separate roadside assistance program. I have used MBI before on a very problem prone VW. You can have repairs done anywhere (I had them done at the dealership). You pay $250...
by Jags4186
Mon Feb 19, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: First offer on a house...gut check
Replies: 16
Views: 2349

Re: First offer on a house...gut check

Hello all, We just put in an offer on our first home and I wanted to post here just to get a gut check and make sure we're not biting off more than we can chew: Ages: 31/32 Offer: $585,000 Downpayment: $175,000ti 30 year mortgage: $410,000 at 4.25% Property Taxes: $11,300 Income 1: $118k base + $30...
by Jags4186
Mon Feb 19, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: First offer on a house...gut check
Replies: 16
Views: 2349

Re: First offer on a house...gut check

If you are in a HCOL area and it looks like you are, then pull the trigger. If you are in a LCOL, then you may be the big man in town, and would hesitate. Its difficult to recover your costs on an expensive home in LCOL. I live in an area of SC where 500K homes sit on market for over 12 months and ...
by Jags4186
Mon Feb 19, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: First offer on a house...gut check
Replies: 16
Views: 2349

First offer on a house...gut check

Hello all, We just put in an offer on our first home and I wanted to post here just to get a gut check and make sure we're not biting off more than we can chew: Ages: 31/32 Offer: $585,000 Downpayment: $175,000 30 year mortgage: $410,000 at 4.25% Property Taxes: $11,300 Income 1: $118k base + $30k o...
by Jags4186
Sun Feb 18, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Auto Shady Practice?
Replies: 31
Views: 2155

Re: GEICO Auto Shady Practice?

Everybody has a bad experience at some point with a company. All I can say is that GEICO is by far the cheapest option I have found--no one comes close. Every time I've had an issue, they have gone to bat for me, paid claims without putting up a fight, have fought and recovered money from other par...
by Jags4186
Sun Feb 18, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Auto Shady Practice?
Replies: 31
Views: 2155

Re: GEICO Auto Shady Practice?

Everybody has a bad experience at some point with a company. All I can say is that GEICO is by far the cheapest option I have found--no one comes close. Every time I've had an issue, they have gone to bat for me, paid claims without putting up a fight, have fought and recovered money from other par...
by Jags4186
Sun Feb 18, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: GEICO Auto Shady Practice?
Replies: 31
Views: 2155

Re: GEICO Auto Shady Practice?

Everybody has a bad experience at some point with a company. All I can say is that GEICO is by far the cheapest option I have found--no one comes close. Every time I've had an issue, they have gone to bat for me, paid claims without putting up a fight, have fought and recovered money from other part...
by Jags4186
Sun Feb 18, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6715

Re: Sell me on the benefits of an emergency fund

Not everyone has years worth of expenses in a taxable account. IMO count your emergency fund as part of your bond allocation. You don't need it to be 100% liquid, throw it in laddered CDs. Biggest emergency most people face is sudden loss of employment. That doesn't involve an immediate large expens...
by Jags4186
Sat Feb 17, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: What is the evidence against slice and dice?
Replies: 59
Views: 4538

Re: What is the evidence against slice and dice?

Picking a sound strategy and sticking with it is a better strategy than bouncing back and forth between slice and dice and the total stock market. For the past 9 years, we've been in a honeymoon phase for the SP500. It has returned 15%+ CAGR for 9 years. It's hard to have a slice and dice portfolio ...
by Jags4186
Fri Feb 16, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 10609

Re: I'm Cancelling My Home Insurance

“I’m cancelling my homeowners insurance!”

“No you’re not.”

“You got me!”
by Jags4186
Fri Feb 16, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Does the absence of need for a legacy affect your AA or SWR?
Replies: 24
Views: 1701

Re: Does the absence of need for a legacy affect your AA or SWR?

For better or worse it's very difficult to "spend it all" without running out. Those who follow the "4% rule" are more or less guaranteed to not run out of money over a 30 year retirement, but depending on sequence of returns could finish with practically no money or many multiples of where you star...
by Jags4186
Thu Feb 15, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 76
Views: 4280

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

Yes carry it because it’s cheap. I pay $42 per 6 months for $100k/$300k underinsured injury and $100k in underinsured property damage coverage in NJ which has the highest car insurance rates in the country.

Look for a new insurance agent.
by Jags4186
Thu Feb 15, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2406
Views: 452481

Re: What's Your Credit Card Rewards Strategy?

In terms of sign up bonuses, I feel like I've kind of hit a wall. I have arbitrarily set a minimum of $500 signup bonus minimum, and have avoided anything over $100 annual fee. This year I did Capital One Venture - $500 Merril Card - $500 BOA Premium - $500 Amegy Business - $1000 I tried one of the...
by Jags4186
Thu Feb 15, 2018 7:14 am
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 98
Views: 5212

Re: Question for music experts about musical keys

I haven't seen this answer yet, so forgive me if I'm covering old ground. Piano players are more comfortable playing in flat keys than sharp keys, so you get a lot of jazz and classical in F, Bb, Eb, Ab, and all of their relative minors. These just tend to be easier hand positions than the sharp ke...
by Jags4186
Wed Feb 14, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 98
Views: 5212

Re: Question for music experts about musical keys

Well, it's pretty well known that D minor is the saddest of all keys. https://vimeo.com/92699399 I agree that the keys some kinds of music are in is based on what is easiest to play on the instruments used. You will find a lot of traditional music on the guitar in the keys of E, A, and D because th...
by Jags4186
Wed Feb 14, 2018 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Net worth progression: what am i doing wrong?
Replies: 25
Views: 3762

Re: Net worth progression: what am i doing wrong?

It’s a slow slog until you get to about $250k. Once you hit $250k then a “good” year of returns can easily trump what you can add in your tax advantaged accounts. A “bad” year can also have you going nowhere while maxing out your tax advantaged accounts...
by Jags4186
Wed Feb 14, 2018 5:48 am
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 98
Views: 5212

Re: Question for music experts about musical keys

Everything a musical lay person needs to know about keys can be explained in this incredible 6 minute lesson by Dr. Leonard Bernstein. I highly recommend everyone watch this: https://youtube.com/watch?v=Gt2zubHcER4 Now for those wondering how the mood of a song can be changed by switching from major...
by Jags4186
Tue Feb 13, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on new home purchase
Replies: 15
Views: 1205

Re: Need advice on new home purchase

OP, Depends what’s most important to you. If it’s absolute lowest cost without regard for cashflow, I would look for a conventional 10 year mortgage with no origination fees. If it’s lowest payments possible, consider a 5/1 ARM. Or, borrow money from your kids for free :mrgreen: You will still need ...
by Jags4186
Tue Feb 13, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6452

Re: Should I claim chapter 7 bankruptcy? debt 110k

I want to give the OP kudos for at least claiming responsibility for the action that led to huge loss. unclear how losing $110,000, not paying it back and filing bankruptcy is 'claiming responsibility', more like avoiding responsibility? Avoiding responsibility is sticking your head in the sand. Cl...
by Jags4186
Tue Feb 13, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6452

Re: Should I claim chapter 7 bankruptcy? debt 110k

I’m shocked that some posters are recommending the OP work out a payment plan. This is what bankruptcy is for—wiping the slate clean. I see no difference in this than people who were foreclosed on and banks held the bag. Really no different. The brokerage houses are big boys. TD Ameritrade was happy...
by Jags4186
Tue Feb 13, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6452

Re: Should I claim chapter 7 bankruptcy? debt 110k

Yes claim bankruptcy and consider seeing a therapist.
by Jags4186
Tue Feb 13, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Savings Rate - Early Retirement
Replies: 13
Views: 1038

Re: Savings Rate - Early Retirement

Instead of focusing on retiring in 20 years focus on your career and maintaining a high savings rate.

Too many unknowns 20 years from now but if you save 50% you’ll certainly be in a good position.
by Jags4186
Mon Feb 12, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on new home purchase
Replies: 15
Views: 1205

Re: Need advice on new home purchase

Can you not qualify for a conventional mortgage?
by Jags4186
Mon Feb 12, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...
Replies: 74
Views: 3073

Re: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...

My big question is should I lower my 401k contribution from 14% down to my employer match for a few months get get a good chunk of the 3 months saved up? MikesChevelle, That does not work. You have to pay tax on every dollar that you do not contribute to the 401K. Depending on your Federal marginal...
by Jags4186
Mon Feb 12, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Where to put money for car/house expenses
Replies: 10
Views: 519

Re: Where to put money for car/house expenses

I guess it depends on how much money you're talking about. Most planned home repairs/car replacements should be saved up for in less than a year so I would just let it accumulate in a savings account. It helps if you don't have expensive taste. For example a replacement car for me might cost $20,000...
by Jags4186
Mon Feb 12, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statement & Receipt Clearing - Help!
Replies: 42
Views: 2250

Re: Credit Card Statement & Receipt Clearing - Help!

We pay off our cards every week so we don't bother with any of this. We have less than 10 charges a week so it's not hard to remember what we spent (especially since we use mint.com to track everything in more or less real time). I guess if we get taken for an extra $1 tip it's worth it not to have ...
by Jags4186
Sun Feb 11, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Good companion card to Quicksilver?
Replies: 14
Views: 527

Re: Good companion card to Quicksilver?

Regarding the Citi Double Cash card, I do recall looking at it a while back and the main reason I didn't find it appealing is that even though the 0.5% difference can be significant in the very long term, it basically obviates the Quicksilver, relegating it to a backup in case the Citi card is lost...
by Jags4186
Sun Feb 11, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 4717

Re: Family expecting “comps”

Pretty simple. Stop giving discounts to family members.
by Jags4186
Sat Feb 10, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 8633

Re: Tenants want to break lease early and is pregnant

Let them go, give back deposits assuming it's in good shape, and raise the rent. Win/win. Trying to claw two months rent out of them isn't worth the headaches. I do a month to month lease and give my renters very competitive rent. Gives them flexibility but also encourages them to be good renters b...
by Jags4186
Fri Feb 09, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: Should you sell your investments when they start dropping? When should you invest during this market correction?
Replies: 52
Views: 4119

Re: Should you sell your investments when they start dropping? When should you invest during this market correction?

It's a funny thing about market timing, when it works you feel like a genius, when it doesn't you feel like a jerk. I sold $150,000 worth of equities in December at around 2660 levels. This was for anticipation of a home purchase. I sure felt like a jerk when it skyrocketed to 2880. And today I fee ...
by Jags4186
Fri Feb 09, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Can the real estate market crash if there's no inventory?
Replies: 15
Views: 1269

Re: Can the real estate market crash if there's no inventory?

Rate increases and home prices are positively, not negatively, correlated. Rates go up, home prices go up. Rates go up because the economy is doing well, wages increase, people are willing to borrow more money. Rates decrease when the economy is doing poorly and unemployment is rising.
by Jags4186
Thu Feb 08, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13341

Re: Financial Hole

Wife SSDI income-$1200 monthly. Together is $3960/mo. Where do you get those figures? We net $2800 a month total. You said you have 2 children. Your gross income including SSDI is $52,080 based on the numbers you give. You pay no income taxes and should be getting a refundable child tax credit and,...
by Jags4186
Thu Feb 08, 2018 5:17 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 19
Views: 875

Re: Does anyone use Goldmoney?

Personally I'd avoid anything Peter Schiff is endorsing.
by Jags4186
Wed Feb 07, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13341

Re: Financial Hole

Joe,

You shoot down every suggestion everyone makes.

Here’s my suggestion. Make more money and spend less. Don’t want to? Keep getting payday loans. You’re wasting everyone’s time.
by Jags4186
Wed Feb 07, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13341

Re: Financial Hole

OP I agree with everyone above about your lack of details. That said, stop borrowing more money. Take out no more payday loans. Stop charging to your credit card. Since your credit score is already awful I see no reason for you to continue paying your unsecured debts at this time. That means stop p...
by Jags4186
Wed Feb 07, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Dad gave me money before filing bankruptcy
Replies: 24
Views: 4307

Re: DAD GAVE ME MONEY BEFORE FILING BANKRUPTCY

rutrow2015 wrote:
Wed Feb 07, 2018 6:17 pm
Did you have to pay tax on a portion of the $40k that your dad gave you? He may have received the money tax free but does it continue to be tax free if he then gifts it to a second party? I know this doesn't address your question but I am curious.
The giver, not the receiver, pays gift tax.