Search found 1047 matches

by JGoneRiding
Wed Jun 13, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 9975

Re: Why do we work?

I cut back on work when I had a child last year (totally best decision) and then in then last 2 months I have had to increase work again-mostly due to demands from boss. But I also got back some of the money I had given up and think I hit the sweet spot in terms of time and rewards. Life is a balanc...
by JGoneRiding
Thu Jun 07, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Down Payment Help
Replies: 16
Views: 1516

Re: Mortgage Down Payment Help

I th I k it's fine to.buy not married. Being married is no guarantee things will work. The advantage of marriage is there is an established court system for dealing with asset division. You won't have that advantage therefore what you should have is a clear way of titling property and a written out ...
by JGoneRiding
Tue Jun 05, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: How gameable is the FAFSA for the early retiree?
Replies: 24
Views: 2618

Re: How gameable is the FAFSA for the early retiree?

I have debated something like this . I had my no yet 1 yr son as an "older" mom. I might retire early as he is starting college. I have definitely thought about issues yo get some funding. One problem is they now look at your income 2 years prior. I don't plan to retire that early so may be issue as...
by JGoneRiding
Tue Jun 05, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Helping MIL with Reverse Mortgage/LTC Insurance
Replies: 10
Views: 1004

Re: Helping MIL with Reverse Mortgage/LTC Insurance

My parents have an rm honestly If She has one that allows monthly draws. (Might not might need regular lumps) I would go ahead and max it out to supplement income and just assume the house is done for and that the fees and interest will eat up the rest of the equity so you might as well.get as much ...
by JGoneRiding
Tue Jun 05, 2018 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Submitting an offer on a home
Replies: 24
Views: 2582

Re: Submitting an offer on a home

Be prepared to move fast. We listed and had excellent offers within 24 hours our house was realistically only on the market longer than that out of my own sense of fairness and getting best and final offers. Be flexible we barely showed it in the eve at all. The realtors harnessing me for alternativ...
by JGoneRiding
Mon Jun 04, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Roommate in a house?
Replies: 32
Views: 2897

Re: Roommate in a house?

So i read pub 527 (and i have read it before) i would argue heavily that it fails to address the OP real question. The closest it gets is the examples where family is staying for either free or below market rent then that is personal use. And in fact can NOT be counted as rental income. Since the OP...
by JGoneRiding
Mon Jun 04, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Roommate in a house?
Replies: 32
Views: 2897

Re: Roommate in a house?

She still gets all deductions - the interest deduction, and the property tax deduction. You get no deductions. She *should* claim any cash you pay her as rent on her tax forms for the year. We went through this ourselves - when we first had a house, DH and I rented out a room to his cousin. Since w...
by JGoneRiding
Thu May 31, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Roommate in a house?
Replies: 32
Views: 2897

Re: Roommate in a house?

Yes. Pay the bills directly.the irs doesn't really care about two single people living together and splitting bills. Amd umless you tell them they wont know. They have more important things. They do care about people with multiple roommates doing boarding houses. Technically she could claim rent and...
by JGoneRiding
Thu May 24, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2619

Re: Need help with debt strategy

So I will be checking out Dave Ramsey so that I can tighten up my budget and attack CCs first then attack the loans. I get differing opinions on whether or not I should continue contributing to my ROTH. Also, should I move my ROTH to Vanguard or schwab into a target 2055 fund? I really appreciate a...
by JGoneRiding
Sun May 20, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes
Replies: 27
Views: 3508

Re: Life Changes

We have talked about doing something like this. Just caution this will either be the best thing ever for the family or very destructive. Wife needs to be 100% on board and excited about it. She is going to be stuck in a small cabin with 2 toddlers for a while and a drive to take them anywhere. Think...
by JGoneRiding
Sun May 20, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: New perspective on cash-flowing ever increasing College tuition costs, without 529 plan that is!
Replies: 22
Views: 1976

Re: New perspective on cash-flowing ever increasing College tuition costs, without 529 plan that is!

Biggest issue is the FAFSA does not actually care what your tax situation is. If your kid isn't married or in the military your income counts till 26
by JGoneRiding
Sat Apr 28, 2018 11:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 321
Views: 34175

Re: Paid Off Mortgage Today

Logged in just to say congrats! That is such an awesome achievement way to go!

:sharebeer. :mrgreen:
by JGoneRiding
Mon Apr 23, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: estate planning with animals
Replies: 28
Views: 2372

Re: estate planning with animals

If your state allows it, you might consider a pet trust. We have one in Illinois. You can set up a trust to fund your animals' care with the residual going wherever you want. That way you know the money will not be spent on anything else. You still need some trusted person to administer the trust. ...
by JGoneRiding
Sun Apr 22, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17139

Re: Can I retire at age 40?

You can. You just need to spend a lot less.
With no mortgage 120k is a ton of money yo need to spend every year
by JGoneRiding
Tue Feb 20, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 3320

Re: condo rental and emotional support animals issues

Be prepared for people to say the animal is an ESA when it's simply a pet they didn't want to pay extra for. And be prepared for animals other than cats and dogs - apparently things like snakes, turkeys, chickens and hamsters provide emotional support. Also, I'm not sure that ESAs fall under the AD...
by JGoneRiding
Tue Feb 20, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 3320

Re: condo rental and emotional support animals issues

This thread made me wonder what Airbnb's policy is. Seems that with Airbnb... 1. Hosts MUST accept assistance animals, including ESAs. 2. Guests are NOT required to disclose the presence of assistance animals prior to booking. 3. Hosts are NOT allowed to charge additional fees for assistance animal...
by JGoneRiding
Tue Feb 20, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 3320

Re: condo rental and emotional support animals issues

I believe for an esa the law only requires "reasonable " accommodation. You can still charge a pet damage deposit and flea control fee. I saw a very extensive form from a local suppsidised housing authority and it most assuredly did NOT give eta dogs cart Blanche. It was about 6 pages long of requir...
by JGoneRiding
Tue Feb 20, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately - Roth IRA oops
Replies: 13
Views: 878

Re: Married Filing Separately - Roth IRA oops

Given the tax implications there is no way i would file separately for 20 years. So you might as well bite the bullet and lower the it rate and either set it for a 10 year plan or try to get it done asap
by JGoneRiding
Mon Feb 19, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 52
Views: 3826

Re: Looking for some help and fast (buying vs renting, net worth)

What is a doing with the extra and what is the real or presumed roi.? Without that who knows it's all a guessing game. If a decides to rent for ever at that rate adjusted for inflation and invests the difference in the stock market at some "real rate of return" most likely on the numbers a will win....
by JGoneRiding
Sat Feb 17, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Timber
Replies: 37
Views: 2989

Re: Selling Timber

I am absolutely fascinated by this thread (and I suppose I shouldn't be surprised that there are experts on this forum who know the answers). I would love to get some insight from others who have done this before. It has always been a fantasy of mine to buy a large remote plot of land, with a small...
by JGoneRiding
Sat Feb 17, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: help me figure out best way to deduct
Replies: 1
Views: 294

help me figure out best way to deduct

So I am having a hard time with new vs old tax law deciding when it is personally best to take deductions. Normally our combined income is about 145k but last year with the birth of our first I took unpaid maternity and also no on call combined that was about a 35k pay cut for me. We also have 4 ren...
by JGoneRiding
Fri Feb 16, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Hopefully SImple Question on Real Estate Taxation
Replies: 12
Views: 574

Re: Hopefully SImple Question on Real Estate Taxation

Ok so it was mostly a primary home that was converted to a rental.

At the time of conversion was the property worth less than purchase and did you document that?
by JGoneRiding
Fri Feb 16, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Hopefully SImple Question on Real Estate Taxation
Replies: 12
Views: 574

Re: Hopefully SImple Question on Real Estate Taxation

So for 18 years the property just sat empty?
by JGoneRiding
Fri Feb 16, 2018 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Tax filing status for international family
Replies: 3
Views: 375

Re: Tax filing status for international family

Not an agent but I would at refilling as hoh for other years would be a red flag. If you meet the qualifications listed in the irs pub you should be able to claim children. I have no idea if they would ever be able to tell that you are both claiming the kids In different countries but i am fairly ce...
by JGoneRiding
Fri Feb 16, 2018 12:18 am
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 10666

Re: My Over $300K Vanguard Balance Disappeared?

You all have made me very glad I use Schwab. 24/7 service! I can (and have) call them at .midnight pst and get a chipper person to solve my problem (usually an account lock out)
by JGoneRiding
Fri Feb 16, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 3407

Re: Rant about relocation mortgage assistance, and a question

I agree with "hand" get a margin loan. Perfect situation for one and the rates are suppose to be very reasonable. I actually find the 3 paycheck thing odd. I have only ever needed 1 months worth (for what it is worth I have done 3 loans on the last 3.5yrs) and even when My husband was relocating and...
by JGoneRiding
Thu Feb 15, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 867

Re: Interest-only mortgage/HELOC as a refi? (retired and low income)

I am trying to figure out what the rest of you think would be more affordable. Most likely he is paying less than 500/mos for housing plus insurance and taxes in probably mcol area (200k home). I live in mcol area I can tell you what you can rent for 600/mos is very very limited. I don't see how he ...
by JGoneRiding
Thu Feb 15, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: When will I get my 1099-S (sale of personal residence)
Replies: 1
Views: 258

Re: When will I get my 1099-S (sale of personal residence)

It is unlikely you will since it is a personal residence but the answer is most likely e) it depends on your local
by JGoneRiding
Thu Feb 15, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Friend with extremely high interest credit card debt
Replies: 20
Views: 1769

Re: Friend with extremely high interest credit card debt

At that debt to income level she is going to struggle to find good cards with enough credit to do the transfer to lower cards thing. My husband had similar income but half the debt and a house with equity and I could still only get a card for 3500 with no fee balance transfer (chase has the best off...
by JGoneRiding
Wed Feb 14, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Taking mortgage from a trust?
Replies: 13
Views: 780

Re: Taking mortgage from a trust?

Who is the trustee and what is the trust suppose to protect
by JGoneRiding
Tue Feb 13, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage calculator help
Replies: 4
Views: 388

Re: Mortgage calculator help

Do you have a newer excel program? If so when you open type "Amort schedule" into the search function and there is a super nice one that does all that for you.

Otherwise go online and search and download. No need to reinvent the wheel
by JGoneRiding
Tue Feb 13, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 7094

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. You have learned a very valuable lesson that there is no such thing as quick and safe. Hopefully you will never forget it. Declare bankruptcy and move on. This is why it exists. I hope what you rea...
by JGoneRiding
Sat Feb 03, 2018 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Multiple bank accounts - am I crazy?
Replies: 46
Views: 4087

Re: Multiple bank accounts - am I crazy?

I have 10. No wait 11 Was this a contest? I have 2 online savings (CO 360 n Ally) I opened Ally cause 360 rate was going so poorly. I have check n savings with a credit union cause they had a great rate and good loan products and I just haven't closed I keep it as slush. I have Charles Schwab checki...
by JGoneRiding
Fri Feb 02, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on whether or not to refinance my mortgage
Replies: 7
Views: 735

Re: Seeking advice on whether or not to refinance my mortgage

Dont order the apprisal on your own. You need to go through your lender.

Send them written notice that you want pmi removed because of increased value. They should agree to a new appraisal. If for some reason they don't elsewhere
by JGoneRiding
Thu Feb 01, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Per Stirpes
Replies: 21
Views: 3251

Re: Per Stirpes

If you name your children and grandchildren all as secondary beneficiaries in the manner you listed you would end up with a unique per capita distribution if one if them pre- deceased you. Not stripes. Is there a way to designate that if a beneficiary pre deceased you that their shore was suppose to...
by JGoneRiding
Wed Jan 31, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Refi After 1 Year?
Replies: 42
Views: 3119

Re: Refi After 1 Year?

Well I am yo late then. I was going to say you have the option of paying the escrow shortage as a lump sum. What I would have done.
by JGoneRiding
Tue Jan 30, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Insurance company wants new roof after closing!
Replies: 20
Views: 3620

Re: Help! Insurance company wants new roof after closing!

We had to fix ours to continue but they had certified us for the first year so it didn't have to be done 1 yr. I have never heard of complete replacement
by JGoneRiding
Mon Jan 29, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 56
Views: 5901

Re: Help with paying off debt

Lenders are required to remove pmi once you are below 80% of ORIGINAL LTV . And a few other requirements are meant, which I think you have one of them is no late payments in a certain time frame. How close are you to that number? In my original loan documents it was clearly spelt out when that would...
by JGoneRiding
Mon Jan 29, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Wills - Should guardian also be the executor of the estate?
Replies: 15
Views: 1149

Re: Wills - Should guardian also be the executor of the estate?

Just a data point. We plan to have them separate. Actually if I switched guardians which I might then it would be the same but as it is the current listed guardian I don't trust to not blow money, I mean I think she would blow it on my kid but still waste a ton. Plus by using 2 different sides of th...
by JGoneRiding
Mon Jan 29, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 3903

Re: Sanity check of SS with less than 35 years earnings

I've seen a couple posters say the benefits don't increase much after you reach $2 million of cumulative lifetime income. Not sure if true? Am I missing something? I see cumulative refrred to a lot but have never understood how it is even relative. Let's take it to extreme and say you make 2 mil in...
by JGoneRiding
Sat Jan 27, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Father financial trouble
Replies: 40
Views: 4776

Re: Father financial trouble

denovo wrote:
Wed Jan 24, 2018 10:29 pm
Joejoe00 wrote:
Wed Jan 24, 2018 9:51 pm
Can they garnish his social security?
No.
The best way to prevent an attempt if they get a judgment is to make sure he has a bank acct that ONLY Ss goes into. It might be a good idea to set up a new acct if he receives any other funding at all
by JGoneRiding
Sat Jan 27, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with Roth IRA?
Replies: 23
Views: 1692

Re: Pay off mortgage with Roth IRA?

I understand being close and wanting to finish. Where is the money for the brand new no loan car coming? Me: I would stop new contributions to ira and put that towards the loan, I would wait on the car till next year. Using those two things you should be done by June or Dec at the latest. Then you c...
by JGoneRiding
Thu Jan 25, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 17480

Re: Dear wife quits job and now we are down to 1 income

I too have a infant at home. We do not spend 450/month on baby stuff. Also I would cut cable immediately but keep internet and Netflix. Get whatever you can with an attanea. Those would be my too target itemd I would make putting enough into 401k to get match top priority. So yesterday I would move ...
by JGoneRiding
Fri Jan 12, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Plan - How to make the most of it?
Replies: 43
Views: 5305

Re: New Tax Plan - How to make the most of it?

I really think you are looking at it all wrong.

I guess I generally view it as on y income owe x tax. Now you should owe x-z. In part because the first three brackets are bigger and the std deduction is a lot bigger. Either way you are still saving 24% on all contributions to retirement
by JGoneRiding
Fri Jan 12, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 1933

Re: Underwater 4-5k in vehicle.

We bought and sold 3 vehicles on Craigslist in the last 6 months. All very happy all around. Just fyi. Follow the obvious advice to deal locally But you can in fact roll one underwater vehicle into another people do it all the time and dealerships love it cause then of course they are the only finan...
by JGoneRiding
Mon Jan 08, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Missing a Long Term Financial Goal
Replies: 32
Views: 4164

Re: Disappointed in Missing a Long Term Financial Goal

650K net worth, 4.5 years to go, way too early to say you are going to miss your goal. Hang in there! :sharebeer Yeah that. I mean it's going to be up to the markets but there is still a very good chance. And I totally think you should count it as net worth and then be generous in your definition W...
by JGoneRiding
Mon Jan 08, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs. Federal Student Loans?
Replies: 8
Views: 461

Re: Private vs. Federal Student Loans?

Double check of course but I thought they left the deduction and still one of the few above line deductions meaning it Lowes AGI even if you have no other deductions
by JGoneRiding
Sun Jan 07, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Overpayment on W2. Please help.
Replies: 13
Views: 1157

Re: Overpayment on W2. Please help.

Since this is the US military and no nefarious intent is thought. I would push hard to get a mis calculation statement done. It seems you need to get them to state that this was NOT intended as income for 2017 and get them to classify it as some thing else. Accidental reimbursement for expenses that...
by JGoneRiding
Sun Jan 07, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting Assets in Divorce
Replies: 51
Views: 5485

Re: Splitting Assets in Divorce

I didn't read everything. There are arbitrators that specialize in this and then present an agreement to the judge. I suggest you together employ one in your state. No need for any lawyer at all either in the splitting process or in court when the judge agrees. Split every thing as right down the mi...
by JGoneRiding
Sun Jan 07, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home to realtor friend discount math problem
Replies: 15
Views: 1093

Re: Selling home to realtor friend discount math problem

I am uncertain about any other costs involved that need to be factored in when you sell a house without commission like this. Most feel it's fair to split the difference. So if the commission price would be x+5% then the none commission would be x+2.5% Closing costs are separate from price of house...