Search found 1153 matches

by JGoneRiding
Sun Oct 14, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 federal income tax
Replies: 9
Views: 972

Re: 2018 federal income tax (low income)

What I find crazy is that you can save that much on that income! Looks like you are also in eitc area potentially and the savers credit. You will almost for sure be getting money from the government
by JGoneRiding
Sun Oct 14, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 1799

Re: Buy car cash or take low rate loan

I agree with OP. If you can easily invest the cash for a decent margin do so. I think part of the issue becomes people tend to buy more car on credit then they should
by JGoneRiding
Fri Oct 12, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Just Divorced -- Need Help [looking for new credit card]
Replies: 66
Views: 5969

Re: Just Divorced -- Need Help

It might be really tough to get a card with that score. I always start with slate then capital one then citi. Boa had one for a little while but thibk it stopped
by JGoneRiding
Fri Oct 12, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Who are heirs? No will.
Replies: 61
Views: 9006

Re: Who are heirs? No will.

I would love to know the final split after all this discussion. So often we don't get the conclusions!

Where you ultimately satisfied it was fair?
by JGoneRiding
Fri Oct 12, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3029

Re: Home Purchase - Sellers Request Help with Repairs

More details please - what is the house worth? - comps? - what did you negotiate for the offer they accepted (price wise)? What year was the house built? They were asking $399k. We settled on $392 + 1% at closing. Comps are pretty much in the 400-450k range for the area. VA Appraisal came in at $42...
by JGoneRiding
Thu Oct 11, 2018 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs. Cash
Replies: 28
Views: 2152

Re: Mortgage vs. Cash

Doesn't NY have a weird stamp tax act? I thought it was affected by the size of the mortgage but don't understand their real estate enough to know. This would severely limit refi options and that rate is high. I would go no mortgage but then invest aggressively. I would figure out what the payment w...
by JGoneRiding
Thu Oct 11, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 40
Views: 4337

Re: Pls help us design our family life!!!

If you want to go part time you need to find a job closer to where you live. Even if it means a pay cut now this will give you the most increase in family time. My commute is 12 min. I go home at lunch on most days to spend them with my infant son. This time is really precious as he is usually happy...
by JGoneRiding
Thu Oct 11, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1185

Re: Lump sum instead of pension

If you will take it and invest it and not touch for 25 plus years that is what I would do.

My aunt took these pay out options several times but then never saved the money. Now she has only ss in her old age where she should have 3 pensions
by JGoneRiding
Wed Oct 10, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Uninsured/underinsured insurance?
Replies: 14
Views: 538

Re: Uninsured/underinsured insurance?

Momus wrote:
Wed Oct 10, 2018 1:09 pm
I don't use it. I'll take my chances :twisted:
Why it costs like 2 to 5 a month for most coverage
by JGoneRiding
Mon Oct 08, 2018 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Postponing the bonus to next year. Is it a good idea?
Replies: 30
Views: 1925

Re: Postponing the bonus to next year. Is it a good idea?

My employer (small) accidentally gave my year end bonus in Jan one year. It messed me up a bunch. But I bet if asked to intentionally do it again they would
by JGoneRiding
Mon Oct 08, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Tesla Model 3
Replies: 185
Views: 10048

Re: Talk me out of buying a Tesla Model 3

You have no kids, you are old enough to likely stay that way. You have a cool mil in the bank you seem to like your work enough that early retirement isn't your goal, therefore buy what ever production car you want. Just realize it's a toy and don't try to justify it . Do take the time to really thi...
by JGoneRiding
Sun Oct 07, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used software to write a Will?
Replies: 15
Views: 1267

Re: Has anyone used software to write a Will?

I wanted a very simple will to cover what happens if struck by a bus on the way home from the hospital with our infant and he was only survivor. I used rocket lawyer. Layout appears identical to what I have seen from legal zoom. I would NOT do a software and then pay a lawyer to review. Just pay a l...
by JGoneRiding
Sun Oct 07, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan payoff help
Replies: 19
Views: 1873

Re: Student loan payoff help

As for how to do it, just pick off those high-interest loans one at a time until they're done. Then go after the smaller ones. The problem is they can't payoff the loans directly - the lender won't allow extra principal payments. Take the $3004 loan. If they send a check for $3004 for that loan, th...
by JGoneRiding
Sun Oct 07, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can you give "spousal" health insurance to a non-spouse?
Replies: 31
Views: 1534

Re: Can you give "spousal" health insurance to a non-spouse?

One of my friends was successfully able to designate her elderly and ill mom (who was living with her) as the other person covered by her medical insurance policy. I’d check with HR. I’m sure she did it properly—she was a judge at the time and very careful to follow all the refs and rules. But mom ...
by JGoneRiding
Sun Oct 07, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Planning with around 500K ( helping a friend)
Replies: 11
Views: 1054

Re: Planning with around 500K ( helping a friend)

Its not actually that hard. He needs to live a 100k or less
Lifestyle. If he will do that he is totally fine. If not yes he will need to work till 70. :?
by JGoneRiding
Sun Oct 07, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: A strategy to pay off home at retirement?
Replies: 57
Views: 4162

Re: A strategy to pay off home at retirement?

We plan to pay off our similar rate mortgage by retirement. I do not however plan to take a large lump sum out of investments. We will figure out as we get closer exactly how much extra to pay to make it happen. The reason we plan to do so is to lower income needs and there by control taxes and all ...
by JGoneRiding
Thu Oct 04, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance: Is this a Qualifying Life Event (QLE)
Replies: 9
Views: 680

Re: Health Insurance: Is this a Qualifying Life Event (QLE)

Does your employer allow spousal benefits if they are eligible through their work? Many no longer do. Others simply stopped subsidizing
by JGoneRiding
Thu Oct 04, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated inherited IRA situation
Replies: 8
Views: 1012

Re: Complicated inherited IRA situation

I am not at all an expert on this but I think you can solve the problem by taking the whole thing and writing an explain letter to the irs. Generally they are very lenient of you fix these things as soon as possible and really how much penalty can there be on an rmd on 5k
by JGoneRiding
Sun Sep 30, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: city water sewer vs well septic
Replies: 36
Views: 2346

Re: city water sewer vs well septic

I have both. I think cost is about the same in the long run. Cost to pump everywhere I have been is about $450. Divide this by 3 years it's no cheaper then monthly sewer at about $30/mos and the sewer is less likely to need 25k replacement but I have had both sewer and septic drains replaced both ab...
by JGoneRiding
Sun Sep 30, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Help me manage my day to day bills to save more!!
Replies: 45
Views: 3506

Re: Help me manage my day to day bills to save more!!

What is the $500/mos savings for? I would put this towards the student loan payment
by JGoneRiding
Fri Sep 28, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 620
Views: 75881

Re: How much money do you want to retire?

After reading through this interesting thread it occurred to me that a better question would have been what are your expected retirement expenses and what sources of income will you use to cover them. There are so many different ways to get there. I replied on the 2nd page of this thread that I nee...
by JGoneRiding
Thu Sep 27, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Pay off Mortgage
Replies: 36
Views: 3261

Re: HELOC to Pay off Mortgage

You need to separate put the 15k in yourmind. It doesn't care if it is on a mortgage or a heloc. If you look at it as a 1 yr loan and not a 30 yr loan you will pay more money by moving it to a higher rate then you would leaving the 15k on the mortgage and paying it off over the course of 1 yr. I mig...
by JGoneRiding
Tue Sep 25, 2018 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7624

Re: Best way to get $100k cash

Sorry I hadn't read that far. There is one card you can do this with. Chase slate still has no fee bal transfer and not sure but think you can get cash advance. Nope. https://applynow.chase.com/FlexAppWeb/pricing.do?card=FQXK&page_type=appterms Chase Slate charges Prime + 21.74% for cash advances. ...
by JGoneRiding
Tue Sep 25, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Someone stole my check from the mail, changed the amount, and deposited it
Replies: 61
Views: 7820

Re: Someone stole my check from the mail, changed the amount, and deposited it

I still have to write a number of checks, more than you all apparently. It's at least 1-2 per month. Clark Howard has discussed this fishing before. I need to get a gel pen. Why ? You can send a bank check via online bill payment to anyone anywhere ? As I said before, the check is printed not handw...
by JGoneRiding
Mon Sep 24, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 16
Views: 1739

Re: Mortgage application: Disclosing All Assets?

I found in the last 3 Loans that i did NOT need to provide proof/statements for all accou ts, and I probably forgot a few and they didn't care. I have 2 many accounts from Playing 2 many interest rate change games. They only wanted statements for the large ones. Luke my brokerage, retirement and eve...
by JGoneRiding
Mon Sep 24, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7624

Re: Best way to get $100k cash

Sorry I hadn't read that far. There is one card you can do this with. Chase slate still has no fee bal transfer and not sure but think you can get cash advance. But it would be more like 10 to 15k.
by JGoneRiding
Mon Sep 24, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7624

Re: Best way to get $100k cash

Earn it. It you pay off your mortgage balance by taking on debt, you are not mortgage free. JT If you pay off a $100K mortgage with money borrowed from another lender, you still technically have a mortgage - it's just debt under a different name. Your net worth hasn't changed one bit after the tran...
by JGoneRiding
Sun Sep 23, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7455

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

Markr867, 1) Are you "House Poor" asset wise? Are you overexposed to the house? A 304K mortgage means that you have a 400K or more house. Even if you max up 2 x 401K and 2 X Roth IRAs, it is about 50K per year. It will take you quite a while before your portfolio reaches 800K and the house's value ...
by JGoneRiding
Sat Sep 22, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: General 2018 Tax Question
Replies: 33
Views: 3721

Re: General 2018 Tax Question

I know many bogleheads still file by hand, same as my dad, so there will be some learning curve for sure. When Turbotax will cost 71 cents I'll stop filing by mail. :happy Turbo tax free vs already exists and allows free efile. So less than 0.71 (I am assuming that if you only spend that to mail yo...
by JGoneRiding
Sat Sep 22, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: General 2018 Tax Question
Replies: 33
Views: 3721

Re: General 2018 Tax Question

The tax rates themselves will be lower, so that must be changed in home-grown spreadsheet tax programs (unless the user just stops at taxable income and the tax is manually entered). For those who can still itemize, the deduction for interest paid on a HELOC/2nd mortgage is out the window unless th...
by JGoneRiding
Sat Sep 22, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: General 2018 Tax Question
Replies: 33
Views: 3721

Re: General 2018 Tax Question

Most of my 1040 is blank and I don't even know what those lines are used for. If they are uncommon, then pushing them to subsidiary forms seems fine for brevity of the common case. Of course, more than 90% e-file now anyway, so it really doesn't matter which form the info prints out on, right? Exce...
by JGoneRiding
Thu Sep 20, 2018 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7790

Re: Hubby soon to be laid off

Your husband is 65 and you have a mil in investiable assets. Take this as a sign and retire and downsize to your income/asset allocation.
by JGoneRiding
Tue Sep 18, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4800

Re: Elderly parents are in debt - Need advice

Makes sense. You could present it this way: your dad could temporarily make you/siblings the beneficiary. Then proceed with bankruptcy filings. After that's done, he could change back the beneficiary your mom again. This should be an easier conversation. Thank you for your advice. Maybe not good ad...
by JGoneRiding
Tue Sep 18, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4815

Re: Dilemma: Add room to current house or buy new house?

This sounds like a very sad case if happy wife happy life. And while it will only temp make a material girl happy the addition is cheaper than moving would be.

Both ideas are crazy and you should focus more on all the great things in your life so your wife stops comparing.
by JGoneRiding
Tue Sep 18, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: How should I insure a condo purchased for my dad?
Replies: 4
Views: 321

Re: How should I insure a condo purchased for my dad?

Just fyi rent is cleaner. If you decide a loan Do NOT do no interest. You need to write up a formal agreement and charge the irs mandated min int rate that is stated for these things. You then need to report this income on your taxes. See other thread where grandpa is screwing over his son for one r...
by JGoneRiding
Wed Sep 12, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5462

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

It sounds like you could even retire. May require you to move to LCOL area or cheaper housing in the same area. Even your kids education is all set. He can’t retire, half his assets are effectively “locked” up, after taxes and penalties it would be even less. I’d start the job search now. Pursue al...
by JGoneRiding
Mon Sep 10, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Pre nups.
Replies: 70
Views: 9133

Re: Pre nups.

Is your state a community property state? If it is, everything is joint after marriage. Everything after marriage will be split right down the middle. Yes, California. I'm not sure I understand fully what you mean when you say "everything is joint after marriage". If you mean everything, including ...
by JGoneRiding
Mon Sep 10, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Father Wants a Home Mortgage (Bad Credit Score)
Replies: 43
Views: 3191

Re: Father Wants a Home Mortgage (Bad Credit Score)

Can your dad document that he paid rent? If so I would be very tempted to tell grandfather to go screw himself. I would continue paying "rent" but stop paying insurance and taxes. And inform grandfather you will see him in court. It is extremely difficult to evict a paying renter Ultimately your fat...
by JGoneRiding
Mon Sep 10, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 64
Views: 8921

Re: My daughter's inheritance.

Please don't go the local bank management option! Anything but that! I have Edward Jones from work. They are heavy maligned on here and for several good reasons but the fact is my advisor works very hard for not a lot out of my portfolio. Eventually he will get more of course as it grows but then ev...
by JGoneRiding
Fri Sep 07, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Rent Increase or Not?
Replies: 25
Views: 2606

Re: Rent Increase or Not?

I will say i have the extreme advantage of being in a high demand low supply area, that might change as the college build more dorms. But I raised both my main rentals $200/mos at last turn over and filled no issue at all. I raised my tiny rental by about $35 and had people standing in line for it. ...
by JGoneRiding
Thu Sep 06, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Rent Increase or Not?
Replies: 25
Views: 2606

Re: Rent Increase or Not?

LL here. I have had good luck with small, annual increases with good tenants. This usually creates a lag to the market, but I have accepted that as long as I can get within about 10% of market value. I usually just do a flat $25 per person per month (so for a 3 bed, the rent would go up $75). That'...
by JGoneRiding
Wed Sep 05, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Sell our new home to downsize
Replies: 37
Views: 3493

Re: Sell our new home to downsize

I guess I am not seeing the issue. Stop listening to dr it will relieve a lot of stress. Start banking the $750 a month as a future baby account. Wait 6 months and reaccess.

Yo me it looks like you did most right and don't need to be so stressed. Take a deep breath
by JGoneRiding
Tue Sep 04, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparent UTMA - questions
Replies: 18
Views: 913

Re: Grandparent UTMA - questions

529 accounts remain the money of the acct owner and they can empty and pay penalty at any time. Utma accts belong to the minor but the acct holder can do a lot to it and really get away with just about anything unless someone is going to sue them. But as the other poster pointed out twice a 529 in c...
by JGoneRiding
Mon Sep 03, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5194

Re: $200 cash bonus offer from Citi

I don't know about your specific offer, but these seem to usually require direct deposit, which (in addition to the taxes things) is too much trouble for my taste And or can be impossible! My husband and I have no way to do it at all. I have debated having $1.50 of my.moms ss check but that never s...
by JGoneRiding
Wed Aug 29, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: One more social security Q
Replies: 10
Views: 1078

Re: One more social security Q

As both are sig higher than what she gets if they don't marry I would marry asap. They have to be married a certain length of time (it's short in this circumstance but I don't remember what) in order for her to collect. The real question is if they marry when is she eligible for half of his (in that...
by JGoneRiding
Wed Aug 29, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)
Replies: 74
Views: 7565

Re: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)

IANYL, but before you do anything else I would strongly recommend that you consult with an attorney to ascertain legal title to the funds currently held in the ITF account. Absent a will, the laws of the state of a decedent concerning intestate succession dictate the disposition of all assets of a ...
by JGoneRiding
Tue Aug 28, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with death and the family finances
Replies: 21
Views: 3009

Re: Dealing with death and the family finances

Your mother isn't yet 80. She could live another 20 years. Invest the money a little better than no interest and leave it all in her name.
by JGoneRiding
Wed Aug 22, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4380

Re: Suggestions for a Generous Grandparent?

Three children. Two of them have two children each. One has none. All three children get the same amount each year and have for years. We decided to have three children. We had no say in whether they got married or how many children the had. No gripes or disagreements. You are different then most g...
by JGoneRiding
Wed Aug 22, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4380

Re: Suggestions for a Generous Grandparent?

I would totally math it! :) I would pick an appropriate state school. And figure out tuition for the last 8 years. Then I would calculate average tuition inflation for 8 years. Then I would start with the 1 yr old and give them 1 year of current tuition and give each kid that base plus each year of ...
by JGoneRiding
Tue Aug 21, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6425

Re: Co-habitation agreement - ??

This might become a common-law marriage after a certain time. In some states it is 1 year, others 7 years. This lady should read up on common-law marriage. Perhaps he is counting on that after he lives there a few years, and part of her wealth will be his then. Most states do not have common-law ma...