Search found 519 matches

by terran
Mon Sep 18, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 815

Re: Short term disability insurance

The general wisdom is that you should insure against losses you can't afford, not against those you can. IMO this is what an emergency fund is for, so I also wouldn't pay the premium. One exception is that pregnancy can be considered a short term disability, so if you're a woman and planning to have...
by terran
Wed Sep 06, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: Recommendations on voice recorder?
Replies: 11
Views: 614

Re: Recommendations on voice recorder?

My wife used her iPhone and iPad (for backup just in case) to record interviews and focus groups she conducted while writing her dissertation. Worked well.
by terran
Tue Sep 05, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: SUNY System 403(b) Annuity Options
Replies: 11
Views: 743

Re: SUNY System 403(b) Annuity Options

I think that's just what 403(b)s are called. Sounds like you have some great investment options and good reason to defer as much income as you can (free tuition), so it seems like a good idea. I wouldn't worry about what they call it as long as you're satisfied with the investment options.
by terran
Tue Sep 05, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: What to do with money you might want, but don't need within 5 years
Replies: 2
Views: 507

What to do with money you might want, but don't need within 5 years

I know the conventional wisdom of what do with money you need within the next 5 years (put it in a high interest, FDIC insured savings account), but what about money you might (or might not) want in that timeframe? Here's the situation: We sold our house, moved part way across the country and are no...
by terran
Mon Sep 04, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 5046

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

How willing would you be to sell that $900k house and move to a lower cost of living location? $300k (or less) will buy a plenty nice house in many parts of the country and an extra $600k in your portfolio would add a nice chunk to your safe withdrawal amount (at whatever rate you're comfortable wit...
by terran
Fri Sep 01, 2017 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: mega backdoor Roth 401k practical issues
Replies: 12
Views: 914

Re: mega backdoor Roth 401k practical issues

I guess where I'm confused is the link talks about after tax traditional contributions rolling over to a Roth IRA. The OP specifically said his is not to an iRA, but to a Roth 401k. If that is right, how can he contribute $18K to a pretax 401k, and then additional money to a Roth 401k in the same y...
by terran
Fri Sep 01, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: mega backdoor Roth 401k practical issues
Replies: 12
Views: 914

Re: mega backdoor Roth 401k practical issues

I am confused. So you are able to contribute $18k to a traditional 401k, then contribute additional amounts to after tax 401k and roll it into a Roth 401k? Not to mention contributions to a 402 which I am not familiar with. I a curious how you can contribute more than $18k to tax deferred 401ks. I ...
by terran
Thu Aug 31, 2017 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Our Family FI Plan for Your Critique
Replies: 26
Views: 2342

Re: Our Family FI Plan for Your Critique

With interest rates like those get the 5% match, but otherwise forget about maxing out any retirement accounts. You're in a debt emergency and need to get out of that before anything else.
by terran
Thu Aug 24, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with series EE savings bonds?
Replies: 28
Views: 2798

Re: What to do with series EE savings bonds?

https://treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeratesandterms_eebondsissued051997_042005.htm The link suggests you are earning about 1.68% on these bonds, tax-deferred, with excellent liquidity. That is better than a bank account. These bonds also doubled (reached face value)...
by terran
Thu Aug 24, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Priorities - Biglaw junior associate
Replies: 45
Views: 4387

Re: Priorities - Biglaw junior associate

With the commonalities of high student loan balances and high salaries you might find a read through https://www.whitecoatinvestor.com/ helpful.
by terran
Thu Aug 24, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with series EE savings bonds?
Replies: 28
Views: 2798

Re: What to do with series EE savings bonds?

https://treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeratesandterms_eebondsissued051997_042005.htm The link suggests you are earning about 1.68% on these bonds, tax-deferred, with excellent liquidity. That is better than a bank account. These bonds also doubled (reached face value)...
by terran
Thu Aug 24, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: What to do with series EE savings bonds?
Replies: 28
Views: 2798

What to do with series EE savings bonds?

My wife's father recently discovered some paper Series EE savings bonds that her grandmother had given her in childhood, so I was looking into them to see how they work. They were issued in 1998, so my understanding is they mature next year and will stop earning interest in 2028. From what I can gat...
by terran
Sat Aug 19, 2017 1:06 am
Forum: Personal Finance (Not Investing)
Topic: New job will lump sum me over HSA limit
Replies: 11
Views: 1051

Re: New job will lump sum me over HSA limit

The administrator/bank should be able to correct an over contribution. You'll have to pay tax on it, but you'll still come out ahead by letting them make the contribution.
by terran
Fri Aug 18, 2017 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Portfolio Questions
Replies: 9
Views: 1261

Re: Early Retirement Portfolio Questions

(a) 100% of my tax advantaged space is currently filled with bonds. During an extended market downturn, say 10+ consecutive years of low or negative market returns on stocks I could exhaust 100% of my bond holdings in taxable space. This would require me to withdraw from my tax advantaged space in ...
by terran
Thu Aug 17, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: New job, life changes
Replies: 26
Views: 2164

Re: New job, life changes

Can anyone help me quantify how much it would help financially to get married? She's all on board with the idea. She's been wearing a ring I bought her for quite a while now. It just previously didn't make financial sense. Assume 80300 income (73k+10% bonus) + 30k her income potentially dropping to...
by terran
Thu Aug 17, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: New job, life changes
Replies: 26
Views: 2164

Re: New job, life changes

What do we do the the increase of income? It's too much for me to wrap my mind around being paid this much Perfect! That means you can save a boatload more and not feel like you're sacrificing anything. Start maxing that 401k before you get used to the raise. It will never be easier to do than it i...
by terran
Thu Aug 17, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Taxes between states (income allocation and IRA, HSA, solo 401k allocation)
Replies: 3
Views: 338

Taxes between states (income allocation and IRA, HSA, solo 401k allocation)

We moved between 2 states (New York and Arkansas) this year, so I put our projected numbers into some 2016 tax software (taxact and turbotax) to see what things might look like, which has brought up a couple of new questions for me. When did we move? > My wife's last day of work at her old job was 6...
by terran
Tue Aug 01, 2017 11:27 pm
Forum: Personal Consumer Issues
Topic: buy private party used car - bank of america to exchange?
Replies: 8
Views: 851

Re: buy private party used car - bank of america to exchange?

Seems like they could take out cash for your and immediately deposit it for the seller, but if not this is what cashier's checks are for. Should cost under $10 I think. I've never bought/sold a car in a private party transaction that was more than $5-6k, so those were always cash based kitchen table...
by terran
Fri Jul 28, 2017 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Which 403(b) company is the least horrible?
Replies: 13
Views: 1063

Re: Which 403(b) company is the least horrible?

I believe I've seen a governmental 457 plan run by Voya with some good vanguard funds, so they might be worth a closer look for your particular 403b.
by terran
Wed Jul 26, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

How much $$ is in escrow? This might give you an idea how committed the buyers are. Presumably they don't want to lose much at all. Only $1500. I'm led to believe this is standard for the market. It's what we put down 3 years ago. The sales price is only $122k. And IF you do end up renting, do get ...
by terran
Wed Jul 26, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

Again, about the terms of the P&S.... did it state there was any financing contingency or allow for this extra "grant", given they didn't originally plan on it (or, ahem, disclose that to you)? There may be damages due if the closing fails or even if it is delayed, per the contracts. Do check on th...
by terran
Wed Jul 26, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

This is not that uncommon and, I suspect, usually works out OK. There some potential benefits. HOWEVER, some things can go "wrong" (in varying degrees): 1. During the rental/occupancy period, the buyers "discover" (and raise) adverse (to you) issues about the house. The heat or AC isn;t good enough...
by terran
Wed Jul 26, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

I wouldn't let them move in prior to closing. Let them put their things into a moving truck or Pod and stay at a friends or hotel. FWIW I have sold a lot of real estate that I owned and only once out of a couple hundred houses let the Buyer move in prior to closing. I made them jump through some ho...
by terran
Wed Jul 26, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

it is generally a daily rate BUT at the buyers p&i rate not the sellers! I have done this. Worked well for both. As long as less than 45 days don't bother your insurance agent. You should already have an umbrella so liability should be min So it's usually what the buyer will be paying once there mo...
by terran
Wed Jul 26, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

JGoneRiding wrote:Virtually all mortgages aren't late until 15th. Check your statement it should say "payment after x is"
You're right. It has a "Due by 8/1" and "If received after 8/16." I guess I got thrown by the "Due by" since that would normally indicate when something is late after :D
by terran
Wed Jul 26, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

I have heard or read about the seller renting back from the buyer for a little bit after the sale for timing purposes. But, not the buyer renting from the seller before the sale. I don't see any point in that, and as mentioned, what if it were to fall through.... I get the point from his perspectiv...
by terran
Wed Jul 26, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

it is generally a daily rate BUT at the buyers p&i rate not the sellers! I have done this. Worked well for both. As long as less than 45 days don't bother your insurance agent. You should already have an umbrella so liability should be min So it's usually what the buyer will be paying once there mo...
by terran
Wed Jul 26, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

In the future, try to get a real estate attorney who has no affiliation/loyalties with the agent(s). An attorney should have *your* interests in mind. Agreed. We used the same agent and attorney when we bought the house. Probably not the smartest thing on all counts. This is going to be our last fo...
by terran
Wed Jul 26, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

Well....how bad do you need this sale? Of course the realtor wants the sale to go through; he or she wants to get paid. Are you in a hot market? Maybe you could sell to another ready, willing and able buyer. Seems like this buyer isn't quite ready to perform. I don't know how these things go in a s...
by terran
Wed Jul 26, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

Well....how bad do you need this sale? Of course the realtor wants the sale to go through; he or she wants to get paid. Are you in a hot market? Maybe you could sell to another ready, willing and able buyer. Seems like this buyer isn't quite ready to perform. I don't know how these things go in a s...
by terran
Wed Jul 26, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Re: Short term lease to home buyer

That's a good point. We've been told the bank is "hours or days away from issuing their clear to close" and "that the grant money will be available no later than early next week." The buyer was approved for the loan without the grant and only later applied when his realtor told him it was an option....
by terran
Wed Jul 26, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1095

Short term lease to home buyer

The closing on the house we're selling is dragging on a bit and the buyer wants to rent from us as the lease on his current apartment is up 8/1. For what it's worth the delay is totally on him as he's waiting on an employer/city first time homebuyer grant that always takes extra time (we were assure...
by terran
Fri Jul 21, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Reverse 401k rollover?
Replies: 1
Views: 190

Re: Reverse 401k rollover?

It sounds like a good plan. Not all plans allow incoming rollovers from IRAs, so you'll have to check. Worst case scenario (the 401k plan changes to have worse investment options) you can always roll over to an IRA if that turns out to be better.
by terran
Thu Jul 20, 2017 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Unwise to contribute to the same equity index fund in both taxable and IRA account? [Preparing for TLH]
Replies: 17
Views: 1460

Re: Unwise to contribute to the same index fund in both taxable and IRA account? [Preparing for TLH]

There's nothing really wrong with having the same fund in taxable and tax advantaged per se. The problem comes if you buy a fund you have just tax loss harvested. To avoid this you would want to turn off dividend reinvesting in both accounts so you don't buy the fund accidentally within the wash sal...
by terran
Thu Jul 20, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA For 1 Month (?)
Replies: 11
Views: 633

Re: COBRA For 1 Month (?)

This is exactly what we are currently doing until the end of the month. Ok. I'm kind of afraid - what if I'm in an accident and can't get the paperwork in? (Though they do have a way for you to enroll online) We sent completed paperwork to my father-in-law with instructions to mail it in only if bot...
by terran
Thu Jul 20, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: *** ALERT Individual 401k Form 5500-EZ filings (if necessary) due by 7/31
Replies: 10
Views: 956

Re: *** ALERT Individual 401k Form 5500-EZ filings (if necessary) due by 7/31

Sorry, I wasn't clear. I understand it's not a personal tax filing, I'm just wondering if there's any reason not to just take care of it at the same time while in "tax mode" so you don't have to worry about keeping track of the deadline later in the year? Is there some kind of information that one ...
by terran
Thu Jul 20, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: *** ALERT Individual 401k Form 5500-EZ filings (if necessary) due by 7/31
Replies: 10
Views: 956

Re: *** ALERT Individual 401k Form 5500-EZ filings (if necessary) due by 7/31

Question: When the time comes is it acceptable, and is there any reason not to just file it when you do the rest of your taxes? This is not a personal income tax filing. You file this as the Administrator of the plan to a different address. Sorry, I wasn't clear. I understand it's not a personal ta...
by terran
Thu Jul 20, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: *** ALERT Individual 401k Form 5500-EZ filings (if necessary) due by 7/31
Replies: 10
Views: 956

Re: *** ALERT Individual 401k Form 5500-EZ filings (if necessary) due by 7/31

bottlecap wrote:I don't meet the filing requirements yet, but it never hurts to brush up on the requirements.

Thank you for the reminder.

JT
Same here, thanks!

Question: When the time comes is it acceptable, and is there any reason not to just file it when you do the rest of your taxes?
by terran
Sat Jul 15, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Auto, renters, umbrella insurance quote/company comparision
Replies: 11
Views: 1163

Re: Auto, renters, umbrella insurance quote/company comparision

Find a broker. Those are all carriers that are direct or captive agents. A broker can shop the same coverages, with broader access to carriers. Thanks! Any tips on on finding a good one? Our last guy (previous state) always said he was independent, but he had some kind of tie to travelers and that'...
by terran
Fri Jul 14, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Invest now or live off savings to max my 403b?
Replies: 7
Views: 662

Re: Invest now or live off savings to max my 403b?

We have a similar situation coming up (windfall from the sale of a house, more tax advantaged space than we can normally fill from income). Here's another way of thinking about it: As you say, on average it is better to invest a lump some now than to dollar cost average it in. You want to invest thi...
by terran
Fri Jul 14, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Auto, renters, umbrella insurance quote/company comparision
Replies: 11
Views: 1163

Re: Auto, renters, umbrella insurance quote/company comparision

Find a broker. Those are all carriers that are direct or captive agents. A broker can shop the same coverages, with broader access to carriers. Thanks! Any tips on on finding a good one? Our last guy (previous state) always said he was independent, but he had some kind of tie to travelers and that'...
by terran
Fri Jul 14, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Auto, renters, umbrella insurance quote/company comparision
Replies: 11
Views: 1163

Auto, renters, umbrella insurance quote/company comparision

With an interstate move it seemed like a good time to look at switching up our auto and renters insurance, so I've called around and gotten some quotes. They vary pretty widely, so I'd appreciate some thoughts. Geico: the low cost leader >Auto insurance with 300k/300k individual/total liability, 100...
by terran
Tue Jul 11, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: Which apartment should we rent?
Replies: 22
Views: 2109

Re: Which apartment should we rent?

it could be an optical illusion from the google street view since there seems to be some jaggedness from how they stitched the images together Let me guess that you have never actually seen these apartments in person? Because it looks to me like there are actually a couple of steps between each apa...
by terran
Tue Jul 11, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: Which apartment should we rent?
Replies: 22
Views: 2109

Re: Which apartment should we rent?

If you look at where the doors are in relation to the windows in each apartment, you can see that two of the three apartments on each floor almost certainly share a plumbing wall and the other apartment would, too, if there were four units on each floor. (The doors are closer to one window than the...
by terran
Tue Jul 11, 2017 8:16 am
Forum: Personal Consumer Issues
Topic: Which apartment should we rent?
Replies: 22
Views: 2109

Re: Which apartment should we rent?

If you really intend to stay 5-7 years, I would select the upper floor. The exercise will be good for you, and you won't hear folks walking around over you. I predict you won't last 5-7 years if people are walking around over you. Unfortunately that isn't an option as the two available apartments a...
by terran
Mon Jul 10, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Which apartment should we rent?
Replies: 22
Views: 2109

Re: Which apartment should we rent?

Thanks everyone! This has all been very helpful to put things in a little bit of perspective. So we saw option 2 over the weekend, and it didn't really have the space for our table to really open up, so it would have constrained the entertaining we like to do occasionally. I also wasn't wild about t...
by terran
Sat Jul 08, 2017 1:14 am
Forum: Personal Consumer Issues
Topic: Which apartment should we rent?
Replies: 22
Views: 2109

Re: Which apartment should we rent?

Unless I missed it, you did not mention any emergency fund. Your level of savings is very good. However, it is all going into retirement plans. So, access to any of that money would be expensive. In view of this, having expenses within $50 of your disposable income seems to be cutting it close. I t...
by terran
Sat Jul 08, 2017 12:00 am
Forum: Personal Consumer Issues
Topic: Which apartment should we rent?
Replies: 22
Views: 2109

Which apartment should we rent?

Update: We've made a decision, but there another unit opening in the same building which brings up another set up questions: see the updated post below by clicking here. My wife's new job brings with it a new location and a bigger salary, so as these kinds of changes tend to do, it brings us to a c...
by terran
Fri Jun 30, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: Food processor advice & finger shields
Replies: 4
Views: 368

Re: Food processor advice & finger shields

More an answer to your secondary question (how not to cut off your fingers) than your primary question (what food processor to get), but I think like most things the trick is developing the proper technique. This looks like a good primer on proper use of a chefs knife: https://www.thespruce.com/how-...
by terran
Thu Jun 29, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: HSA question
Replies: 9
Views: 885

Re: HSA question

I'm pretty sure HSAs are individual accounts like IRAs, so you wouldn't be able to combine her account and your account, and the family account is probably in one of your names or the other (probably the person who is the primary on the insurance offering family coverage, so you).