Search found 1629 matches

by 8foot7
Tue Nov 12, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: What do I do with S corp money?
Replies: 7
Views: 351

Re: What do I do with S corp money?

Consult an accountant, but this was my understanding from back a few years: You must include the income (revenue minus allowable expenses) from your S corp on your individual tax return, whether or not you leave the money in the S corp or "bring it home" via a distribution. If you leave it in the S ...
by 8foot7
Tue Nov 12, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: OB/GYN Prepayment?
Replies: 20
Views: 1136

Re: OB/GYN Prepayment?

Obviously times have changed since I did this line of work, but I can assure OP that unless the practice is a bunch of crooks, anything that turns out to be an overpayment will be refunded. This was a monthly task at my practice, and involved every refund down to $1.00. I don't doubt this and I nev...
by 8foot7
Tue Nov 12, 2019 10:16 am
Forum: Personal Consumer Issues
Topic: Fully loaded 2016 Lexus RX350 for $34K - good deal?
Replies: 11
Views: 1344

Re: Fully loaded 2016 Lexus RX350 for $34K - good deal?

OP I'd say $32,500 out the door on that and not a penny more. The poster who said the dealer has 30k in it is right on, plus he probably made money on the original sale. These Lexus leases are like an annuity for the dealer; they make the original sale; then they make the trade-in money and the new...
by 8foot7
Tue Nov 12, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: Fully loaded 2016 Lexus RX350 for $34K - good deal?
Replies: 11
Views: 1344

Re: Fully loaded 2016 Lexus RX350 for $34K - good deal?

OP I'd say $32,500 out the door on that and not a penny more. The poster who said the dealer has 30k in it is right on, plus he probably made money on the original sale. These Lexus leases are like an annuity for the dealer; they make the original sale; then they make the trade-in money and the new ...
by 8foot7
Tue Nov 12, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: Fully loaded 2016 Lexus RX350 for $34K - good deal?
Replies: 11
Views: 1344

Re: Fully loaded 2016 Lexus RX350 for $34K - good deal?

crossbow wrote:
Tue Nov 12, 2019 9:56 am


Wow Lexus depreciation is 50% after 3 years?!? That's terrible! If true then this is definitely overpriced. Thanks!
No, it's more like 35-40%. Residuals are typically in the 60s on the RX after 3 years/30k miles. For slower moving Lexus models, it can dip towards 50.
by 8foot7
Tue Nov 12, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: OB/GYN Prepayment?
Replies: 20
Views: 1136

Re: OB/GYN Prepayment?

We've had this now with two different clinics. I've learned to put up with it now that I've determined the amount is negotiable. They asked us in December one time to begin paying them $6,500 (the full amount of our HDHP deductible) for a July delivery. This was at a time we were self-employed and c...
by 8foot7
Tue Nov 12, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7493

Re: Do you charge your employer for the time that you spend working on your off days?

I generally work a 50 hour week. Usually at my desk by 7:30 am, leave by 5-5:15, and then I put in another 30-60 minutes Sunday nights through Thursday. Not all of my time at my desk is working heads-down, of course. That's not counting business travel a couple of times a month which can have me up ...
by 8foot7
Mon Nov 11, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: Splitting fence cost with neighbor
Replies: 53
Views: 5020

Re: Splitting fence cost with neighbor

It just sucks that now I have to be the bad guy and potentially set up a contentious relationship with the new neighbor. I get this feeling, I really do, but at the end of the day, he did this, not you. He set up the relationship that way. So you shouldn't feel guilty. Although I like your suggesti...
by 8foot7
Mon Nov 11, 2019 5:18 pm
Forum: Personal Consumer Issues
Topic: Splitting fence cost with neighbor
Replies: 53
Views: 5020

Re: Splitting fence cost with neighbor

Hey folks - lot of helpful info here, but hoping I can get some input on a curious sitch I found myself in. I just moved into a new construction subdivision. Our house is surrounded by homes on all sides and all 3 sides of the fence were built within the last year, i.e. before we were even looking ...
by 8foot7
Mon Nov 11, 2019 5:03 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 118
Views: 6515

Re: Investing $140k in cash at 1k per week

I'd make that $5,000 a week and be done in six-ish months. No sense in stretching it out longer -- either you want to be in the market or you don't -- and if things turn to a point you can't stomach further buys, you can just stop.
by 8foot7
Mon Nov 11, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 50
Views: 3901

Re: Will I be audited?

Your chance of being audited in person is so low as to be non-existent. Your chance of a receiving a mail audit is higher but not significantly so. If everything you are doing is aboveboard and easily documented via receipts and letters, then audit insurance is a waste.
by 8foot7
Mon Nov 11, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: What is reasonable HOA reserve?
Replies: 13
Views: 1274

Re: What is reasonable HOA reserve?

The previous HOA of which I was a part - we had a reserve study done for $1,300 and it projected out costs for around 75 line items including the flood lights on the cabana building over a 25 year period. We decided as a board to shoot for 80% funding for reserves and while we did not do special ass...
by 8foot7
Sun Nov 10, 2019 6:08 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 10894

Re: Saving seats on Southwest

there is no problem. They both bought tickets and both prefer aisle seats. They don't owe any other passengers anything. Neither do the parents that don't control their kids or try to comfort their crying babies. Or those that bring smelly food on the plane. Or those that talk loudly on their cell ...
by 8foot7
Sun Nov 10, 2019 5:58 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 10894

Re: Saving seats on Southwest

How about the couples that choose the two aisle seats across from each other, hogging both 3 seat groups? What's wrong with that? It's open seating. If they both like aisles, they should do exactly this. +1. I'm OK with this. Not even sure what the problem is. there is no problem. They both bought ...
by 8foot7
Sun Nov 10, 2019 5:53 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 10894

Re: Saving seats on Southwest

This is an age-old debate among frequent travelers. People can save seats on WN, which you should view as more of a strong request. You can override them and sit there anyway. You can then save the middle beside you by crumpling up some tissues and putting them on your tray table, coughing, and avoi...
by 8foot7
Sat Nov 09, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10290

Re: Seller's agent not letting us use a buyer's agent

The article may have been on a realtor website, however it is a well-established doctrine. The buyer has no choice but to accept dual agency if they still want that specific property. Going to the local board won’t change that - they will side with the sellers agent. Procuring Cause is something ev...
by 8foot7
Wed Nov 06, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: Renting from Turo Vs big companies
Replies: 6
Views: 362

Re: Renting from Turo Vs big companies

I researched Turo and belong to several Turo entrepreneur groups as I was interested in perhaps renting cars as a side hustle. What I've discovered is that Turo hosts (the owners of the cars that are rented out) are, in many if not most cases, looking for any and every reason to charge you more than...
by 8foot7
Mon Nov 04, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 51
Views: 3663

Re: Wife's car hit in a parking lot - how to deal with various issues?

If I’m the girls father and we talk about $1,600 then you come back with $5,000+, then I’m absolutely calling my insurance instead of trying to go under the table. Given the low intrinsic value of a 17-18 year old low- to mid-range sedan, that may be better for you in this instance as well, but if y...
by 8foot7
Fri Oct 25, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Card Bonus for Adding A User, Anybody Know what happens next?
Replies: 17
Views: 1024

Re: Fidelity Visa Card Bonus for Adding A User, Anybody Know what happens next?

With all respect and then more, you have spent more than $20 worth of time in both typing this post and the attendant angst about it. Just leave it alone.
by 8foot7
Thu Oct 10, 2019 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I just pay this medical bill?
Replies: 31
Views: 3805

Re: Should I just pay this medical bill?

Re the 1099-C, if you receive one that you feel is in error or potentially fraudulent (retaliatory), you can file an adjusting entry on your taxes to negate the effect and attach a statement explaining the circumstances. The important thing is to make sure you capture the amounts on the 1099-C so th...
by 8foot7
Thu Oct 10, 2019 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Received SSDI lump sum and want tp pay the taxes on it now
Replies: 12
Views: 1007

Re: Received SSDI lump sum and want tp pay the taxes on it now

If your wife is on disability then presumably at least her chances at more income are limited. I would therefore not turn down the opportunity to make the $150 or so in interest that money you have allocated for taxes would accrue in a proper savings account between now and April 15. That’s an elect...
by 8foot7
Mon Sep 30, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5063

Re: Home repair - paying cash (dollar bills)

I would have no problem with this as long as he signs a notarized lien waiver for you. It's worth $300 to me to go to the bank to get cash, and he can have the bank staff notarize the lien release while I make the withdrawal. Something like this should be fine: IN RELATION TO: Contracting job at [yo...
by 8foot7
Mon Sep 30, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 3769

Re: Employer is relocating - how to be allowed to work remotely

I'll beat the dead horse. If you were irreplaceable, the company would have come to you and made sure you could move before they announced their move, or they would have been proactive with you about making alternate arrangements. The mere fact you are reacting to this situation after the move was a...
by 8foot7
Mon Sep 30, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Repaying relocation
Replies: 28
Views: 1355

Re: Repaying relocation

Personally, I would not eat the cost. I would have an employment lawyer explore the breach of contract route. If he signed an employment contract that was for x and in return he promised not to leave for 24 months or pay 50k but when he arrived it turned out if was for job y, which he was not equip...
by 8foot7
Mon Sep 30, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: Going to a wedding party
Replies: 48
Views: 4337

Re: Going to a wedding party

In case it wasn't already clear, one gift per wedding. Since you already sent a gift, you do not need to bring anything additional to the wedding/reception. You might bring a card but even that is optional and certainly above and beyond. Boy, do I hate weddings. :oops: I generally give $100 for firs...
by 8foot7
Sun Sep 29, 2019 2:36 pm
Forum: Personal Consumer Issues
Topic: What is protocol for cleaning house when moving?
Replies: 49
Views: 3374

Re: What is protocol for cleaning house when moving?

I left our previous house barely broom clean. Mopped all floors and vacuumed, no dust anywhere. Sellers walked through morning of closing and were angry I had not scrubbed out the fridge. They were difficult buyers and gave us a real hard time during the inspection with lots of nitpicks requests. No...
by 8foot7
Sat Sep 28, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: Bought out GMC lease and received bill from GMC
Replies: 12
Views: 2086

Re: Bought out GMC lease and received bill from GMC

Send them back a copy of your lease agreement with that section highlighted and include your purchase paperwork. Write a short note that you consider the matter closed and would appreciate a letter confirming that.
by 8foot7
Fri Sep 20, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 8132

Re: How to handle "split-the-bill" group lunches?

If a server balks at being asked up front before any orders to bill the right items to the right person, then ask for another server.
by 8foot7
Fri Sep 20, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 11216

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

If you can’t push back your start date then I’d be OK with shorter notice because they already eliminated your job - they made the first move. It’s not ideal and I’d recommend against less than 2 weeks if you can manage it, but $3,500 isn’t a small amount of money and the company has already essenti...
by 8foot7
Fri Sep 20, 2019 8:07 am
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 8132

Re: How to handle "split-the-bill" group lunches?

Any restaurant can accommodate separate checks if you tell the server prior to ordering. They can just treat each order as a separate table. It’s really easy to do this, too — just say when the server first appears asking for drink orders that everything will be separate. Restaurants or servers who ...
by 8foot7
Tue Sep 17, 2019 5:48 pm
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 5171

Re: $2k repairs on $12K car

All day any day every day of the week I’d put 2k of legit repairs into a 12k car.
by 8foot7
Tue Sep 17, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 486
Views: 49487

Re: Selling home- Demanding Buyer (Repairs)

Even at this point I would not accept the contingent offer. Tell them they can come back to you when they don’t need a contingency. Accepting the contingent offer will effectively remove your home from the market and if they have trouble selling too then you are just stuck in this weird limbo.
by 8foot7
Tue Sep 10, 2019 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Opinion on Will / Estate issue?
Replies: 29
Views: 2323

Re: Opinion on Will / Estate issue?

If it truly was a drafting mistake, you may have a malpractice claim against that lawyer. This. If the deceased intentionally excluded her brother from the will and clearly expressed those intentions, but the lawyer wrote the will so stupidly that the brother will end up with actually the most valu...
by 8foot7
Thu Sep 05, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Failed to file S Corp Taxes on time, fined by the IRS
Replies: 23
Views: 3398

Re: Failed to file S Corp Taxes on time, fined by the IRS

Wow. If the fine were a grand or less I'd pay just to get the IRS out of my life, but a $7,000 fine for not filing forms with all zeroes on it is unconscionable and I'd be counting on their inability to collect from an insolvent company. You say they'll only help people with a hardship. Can you cont...
by 8foot7
Thu Sep 05, 2019 10:57 am
Forum: Personal Consumer Issues
Topic: First-hand experiences with United Basic Economy for families?
Replies: 180
Views: 7645

Re: First-hand experiences with United Basic Economy for families?

Whether or not they have a stated policy that families may not be seated together (and remember, again, that Congress in 2016 mandated this should be the case FREE OF CHARGE), the airlines' own booking system allows minors to purchase Basic Economy fares. You have missed a couple of important detai...
by 8foot7
Thu Sep 05, 2019 10:09 am
Forum: Personal Consumer Issues
Topic: First-hand experiences with United Basic Economy for families?
Replies: 180
Views: 7645

Re: First-hand experiences with United Basic Economy for families?

The OP asked for comments from people with first-hand experiences with United Basic Economy. I didn't read all the comments (stopped part way through the second page), but it seems he's mostly getting beat up for bringing up the subject. I'm a lifetime million mile flyer on United, and so I have li...
by 8foot7
Thu Sep 05, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: First-hand experiences with United Basic Economy for families?
Replies: 180
Views: 7645

Re: First-hand experiences with United Basic Economy for families?

Don't be that person who saves the $400 and then bothers the flight/gate attendants to get your family together... beyond obnoxious. It is cheaper for a reason. Like others, I disagree with this sentiment. If the airline allows for these tickets to be booked for passengers that cannot be seated alo...
by 8foot7
Thu Sep 05, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3365

Re: How often do you receive out-of-sequence pay bumps?

I have found that once you hit a certain baseline level of performance any additional effort is a waste of time. You are better off networking with the right people and making sure they like you. At the end of the day, perception seems to be all that really matters. You might be technically better ...
by 8foot7
Wed Aug 28, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should we let go of our Realtor and get a Real Estate Attorney?
Replies: 82
Views: 4392

Re: Should we let go of our Realtor and get a Real Estate Attorney?

In my view, this is just forcing the agents to work for/accept less or get nothing. Not much of a choice. Since this is an ethical decision I probably wouldn't call that the height of being ethical. How are they forced? They can accept and get the modified deal or decline and likely get nothing. It...
by 8foot7
Wed Aug 28, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should we let go of our Realtor and get a Real Estate Attorney?
Replies: 82
Views: 4392

Re: Should we let go of our Realtor and get a Real Estate Attorney?

If you give both realtors a chance to shave a point off and then you up your offer by a half percent and induce the buyer to come down a half percent, and the realtors won't bite, then I'd have no problem at all waiting out the clawback period and going in unrepresented. a) you couldn't come to term...
by 8foot7
Wed Aug 28, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 156
Views: 13810

Re: out of network emergency visits. Huge bill!!!

I would put them on auto pay for $10 a month. It won't affect your credit. You had no idea what you were going to get charged when you went in. You had no choice, and that is just bad business on their part. I think it could even be called predatory. If they want to treat it like a business, instea...
by 8foot7
Wed Aug 28, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 16203

Re: What is your plan for the last few years of a long life?

Sandtrap wrote:
Wed Aug 28, 2019 9:02 am


At some certain point, cognitive decline will take hold and there may be some relief from worry and stress? :shock:
j
My wife has kindly offered to put a pillow over my face if this happens, so I'm relieved to not worry about it. 8-)
by 8foot7
Tue Aug 27, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8672

Re: How to help an employee who is in debt and requesting a loan

When I was an SVP at a company, many of the hourly staff constantly complained that they had no money and were not paid enough. Here's what I noticed: - I brought coffee from home to drink on the way in, then drank the free office coffee. They stopped at Starbucks and bought an expensive coffee. - ...
by 8foot7
Tue Aug 27, 2019 7:11 am
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 156
Views: 13810

Re: out of network emergency visits. Huge bill!!!

I would put them on auto pay for $10 a month. It won't affect your credit. You had no idea what you were going to get charged when you went in. You had no choice, and that is just bad business on their part. I think it could even be called predatory. If they want to treat it like a business, instea...
by 8foot7
Tue Aug 27, 2019 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Comcast Grievance - How to get their attention?!
Replies: 43
Views: 3302

Re: Comcast Grievance - How to get their attention?!

I wished Comcast offered that service where I live: my choices are .25Gb download for $90 per month or 2Gb download for $300. Off topic question: Do you find the Gb download a practical improvement over sub-Gb packages you may have used in the past? Andy. Some of my friends have signed up for Comca...
by 8foot7
Mon Aug 26, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 153
Views: 17827

Re: 4M 70K expenses would you stop?

If you were actually valued enough by your employer to make such demands, you could make them at any time, whether or not you were FI. And if you weren’t valued, the response from the employer would also be the same regardless of whether you were FI or not. I don't think it's quite that simple. You...
by 8foot7
Mon Aug 26, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 153
Views: 17827

Re: 4M 70K expenses would you stop?

At 50x expenses if i kept working it would be after a discussion with my employer where I basically politely but firmly told them * I got the great news that I have enough to retire, so I no longer have to work (which shifts the 'balance of power'), but I also for the most part enjoy it and would i...
by 8foot7
Mon Aug 26, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 153
Views: 17827

Re: 4M 70K expenses would you stop?

At 50x expenses if i kept working it would be after a discussion with my employer where I basically politely but firmly told them * I got the great news that I have enough to retire, so I no longer have to work (which shifts the 'balance of power'), but I also for the most part enjoy it and would i...
by 8foot7
Mon Aug 26, 2019 9:39 am
Forum: Personal Investments
Topic: Considering an Owner Financed Loan
Replies: 11
Views: 704

Re: Considering an Owner Financed Loan

It's probably not a good idea to carry a note. But in the end I would want to see a pre-approval letter from a regular bank before I would consider it. I'd want to know why my carrying the note would be better for the buyer than him financing through traditional methods. There could be some situatio...
by 8foot7
Mon Aug 26, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Agreeing to part ways at job
Replies: 62
Views: 7903

Re: Agreeing to part ways at job

New administration, dean of students, high salary, the other person in this role also being forced out... The district found a well-paid position they can cut without directly impacting education. Precisely. The simplest explanation of what's really happening. And they're creating a paper trail to ...