Search found 586 matches

by need403bhelp
Wed Oct 17, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 9
Views: 673

Re: Down payment into Ally 1% offer, how will it affect mortgage applications?

Are you complicating your lives by chasing 1% for a potentially small amount of time? So, to be fair, I believe the annualized yield is something like 4-5%. With that said, that's what I'm trying to figure out. I don't know whether it will complicate our lives - hence I am seeking the input of thos...
by need403bhelp
Wed Oct 17, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 9
Views: 673

Re: Down payment into Ally 1% offer, how will it affect mortgage applications?

I don’t think having separate accounts would impact your mortgage application. I see. Even if the mortgage is only in my name? I do hope you’re not going to let your dream house go on 1/10 in order to keep the money in through 1/15 for the % bonus. Yes, we definitely would forego the bonus if we fo...
by need403bhelp
Wed Oct 17, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 9
Views: 673

Re: Down payment into Ally 1% offer, how will it affect mortgage applications?

Are you complicating your lives by chasing 1% for a potentially small amount of time? So, to be fair, I believe the annualized yield is something like 4-5%. With that said, that's what I'm trying to figure out. I don't know whether it will complicate our lives - hence I am seeking the input of thos...
by need403bhelp
Wed Oct 17, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 187
Views: 13659

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Mods, if it is inappropriate to post here, please delete my post. However, I am thinking about taking advantage of this promotion for our down payment, but had some questions related to the specifics (having to do two separate accounts to be able to get $1000 bonus for me and DW whereas we'd like to...
by need403bhelp
Wed Oct 17, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 9
Views: 673

Down payment into Ally 1% offer, how will it affect mortgage applications?

Thank you all for your past help. DW & I have ~$200k saved as a downpayment for a home. Unfortunately, due to a fairly large natural disaster in the area in the past years, the housing market in the area we seek (close to work, good public schools) has not had a lot of great options for us. We did f...
by need403bhelp
Mon Oct 08, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 56
Views: 7325

Re: Credit card question - get Uber's new 4%er?

Do people consistently get 2% cash back when using this card with Apple Pay? It is not listed in the terms and conditions, but a Google search shows that as of 12/2017 it should get 2% when paying with mobile wallets. If so, anyone tried the card via Apple Pay at Costco? Most of ours cards are Maste...
by need403bhelp
Mon Oct 08, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4404

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

https://www.nerdwallet.com/blog/finance/security-flaw-at-experian-allows-easy-access-to-pin-to-unlock-credit-freeze/ Any ideas for remedies if one has had one's Experian frozen? According to USPIRG, https://uspirg.org/news/usp/you-should-change-your-experian-credit-freeze-pin , you should spend 30-...
by need403bhelp
Sun Oct 07, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4404

"Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

https://www.nerdwallet.com/blog/finance/security-flaw-at-experian-allows-easy-access-to-pin-to-unlock-credit-freeze/ Haven't yet seen this posted here. Apparently, although Experian asked knowledge-based authentication questions to recover your PIN ("what year honda accord do you own?") answering "N...
by need403bhelp
Sun Sep 30, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buy I-bonds Oct 2018 for EF? If not, what else?
Replies: 7
Views: 1150

Re: Buy I-bonds Oct 2018 for EF? If not, what else?

Thank you all for your past help! I saw some discussions on this forum in the past few months that I bonds are no longer as great as they were in the past low interest rate environment. DW and I max out all our tax-advantaged savings account. Last year, we began to move some of our emergency fund t...
by need403bhelp
Sat Sep 29, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buy I-bonds Oct 2018 for EF? If not, what else?
Replies: 7
Views: 1150

Re: Buy I-bonds Oct 2018 for EF? If not, what else?

Personally, I'd wait until the new fixed rate is announced Nov 1st. Right now it's 0.3% but it could go up in November. I'm fairly confident it won't go down and figure it would more likely go up... or stay the same. :) I'd put the $ in a MM fund and buy your I-Bonds at the end of November. It make...
by need403bhelp
Sat Sep 29, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buy I-bonds Oct 2018 for EF? If not, what else?
Replies: 7
Views: 1150

Buy I-bonds Oct 2018 for EF? If not, what else?

Thank you all for your past help! I saw some discussions on this forum in the past few months that I bonds are no longer as great as they were in the past low interest rate environment. DW and I max out all our tax-advantaged savings account. Last year, we began to move some of our emergency fund to...
by need403bhelp
Sun Sep 16, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 143
Views: 17943

Re: 2018 Forester vs CRV vs RAV4

Four months have passed since your last comment. Have you made a decision, or are you waiting for the 2019 Forester and RAV4 to hit the dealerships? We are waiting for the 2019 Forester to hit the dealerships. Additionally, my wife is now working quite close to my work, and I have re-arranged my sc...
by need403bhelp
Tue Aug 07, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Added as joint account owner - Is it a gift (gift/estate tax)? Is it a good idea?
Replies: 16
Views: 1256

Re: Added as joint account owner - Is it a gift (gift/estate tax)? Is it a good idea?

This is not a gift to you so maybe that helps answer the other concerns. Gill Gill, Why wouldn't this be a gift? Not suggesting any bad or illegal intentions, but if the lady dies and the poster then owns the full 50k, isn't this avoiding gift tax when it was given? No, it’s not a gift at the time ...
by need403bhelp
Mon Aug 06, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 947

Re: Best bank to receive international wire transfer

FWIW, we had sent our relatives wire information for our CO360 checking account before we realized we may have a better option and posted here. Today, they did a small(er) test wire today, and it appears that no fees were charged to receive the international wire at CO360, either by CO360 or by any ...
by need403bhelp
Fri Aug 03, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 947

Re: Best bank to receive international wire transfer

...Do I understand correctly, then, that a USD transfer from a foreign bank to a big bank (Chase, Citi, or Wells Fargo) will NOT go through any other intermediary bank? Is there any reliable reference for this? Just trying to understand, as the use of intermediary banks seems not very transparent.....
by need403bhelp
Fri Aug 03, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 947

Re: Best bank to receive international wire transfer

rbrand1 wrote:
Fri Aug 03, 2018 1:56 am
I’ve used TransferWise as well, and am quite happy with the process.
Thanks so much. Unfortunately, TransferWise does NOT yet allow sending money FROM the specific country, although they do support sending TO some banks in that country.
by need403bhelp
Fri Aug 03, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 947

Re: Best bank to receive international wire transfer

The exchange rate from the bank sending the wire transfer may be costing you quite a bit. I've used TransferWise for my transfers from the Eurozone abroad. The first transfer requires ID verification, but after that it's smooth sailing. Thanks so much. Unfortunately, TransferWise does NOT yet allow...
by need403bhelp
Fri Aug 03, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 947

Re: Best bank to receive international wire transfer

Presumably you are talking of a large amount? Where you lose money is on exchanging currencies. If your money in the Far East is already in USD then any bank charges on the US side are trivial. Even a $100 on a million is still trivial. On the other hand if the Far East bank charges 1+% as a commis...
by need403bhelp
Fri Aug 03, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 947

Re: Best bank to receive international wire transfer

We are looking to receive an international wire transfer in USD from a Southeast Asian country. Our main bank accounts are Capital One 360, Ally, and Synchrony. Due to chasing bank bonuses, we also currently have accounts at Chase, Citi, and Wells Fargo. (I also have accounts with PNC and Denizen.)...
by need403bhelp
Fri Aug 03, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 947

Re: Best bank to receive international wire transfer

... I am almost certain that the big banks charge more than smaller banks. Some online banks may not even have the capacity to receive international wires... When possible it's best to go big bank to big bank (either Chase, Citi, or Wells Fargo should be fine) for international wires. If an interna...
by need403bhelp
Fri Aug 03, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 947

Re: Best bank to receive international wire transfer

First, you need to ask each bank how much it charges for "incoming international wires." I am almost certain that the big banks charge more than smaller banks. Some online banks may not even have the capacity to receive international wires. Try to call Vanguard and ask for their international wire ...
by need403bhelp
Thu Aug 02, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank to receive international wire transfer
Replies: 15
Views: 947

Best bank to receive international wire transfer

We are looking to receive an international wire transfer in USD from a Southeast Asian country. Our main bank accounts are Capital One 360, Ally, and Synchrony. Due to chasing bank bonuses, we also currently have accounts at Chase, Citi, and Wells Fargo. (I also have accounts with PNC and Denizen.) ...
by need403bhelp
Mon Jul 23, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: keep disability insurance while not working?
Replies: 7
Views: 494

Re: keep disability insurance while not working?

Just because you have a working spouse doesn’t mean you shouldn’t insure your income. How sad would you be if you went through 10 years of training to earn that six figure income and then became disabled before you ever had the chance to make some money? It would be very, terribly sad but it wouldn...
by need403bhelp
Thu Jul 19, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 795

Re: Can you ACH PUSH to TreasuryDirect?

HueyLD wrote:
Thu Jul 19, 2018 12:57 pm
Not thoughts, but actual experience.
I see. Thanks for the clarification.
by need403bhelp
Thu Jul 19, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 795

Re: Can you ACH PUSH to TreasuryDirect?

You can transfer to TD from ALLY but not the other way around. TD does not accept ACH debits of any kind. So to send the money back you would have to link the accounts in TD and do a withdrawal from the TD site. I see. So it sounds like Ally probably wouldn't even link the accounts as the test depo...
by need403bhelp
Thu Jul 19, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 795

Re: Can you ACH PUSH to TreasuryDirect?

You can transfer to TD from ALLY but not the other way around. TD does not accept ACH debits of any kind. So to send the money back you would have to link the accounts in TD and do a withdrawal from the TD site. I see. So it sounds like Ally probably wouldn't even link the accounts as the test depo...
by need403bhelp
Wed Jul 18, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 795

Re: Can you ACH PUSH to TreasuryDirect?

I’m not sure of the answer to your question. But why would you want to do this in the first place? I don’t think the C of I “account” earns anything. You can setup Treasury Direct to purchase from a saving account, and pay out to a savings account. At least I did so with purepoint savings, purchasi...
by need403bhelp
Wed Jul 18, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ACH PUSH to TreasuryDirect?
Replies: 8
Views: 795

Can you ACH PUSH to TreasuryDirect?

This may be a dumb question, but I noticed that TreasuryDirect allows employers to direct deposit into a certificate of indebtedness for marketable securities and savings bonds without, to my understanding, having to set anything up on the TreasuryDirect side (there are two options, and this is list...
by need403bhelp
Fri Jul 06, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1417

Re: W-4 allowances: why not withhold the minimum to avoid penalty?

Thank you, all, for your responses. Just to be clear to everyone, I have already withheld from my job 110% of the taxes that both DW and I owed in 2017. Also, my random thoughts based on your responses: 1. I realize that the amount of money made from the interest of withholding less is small, but th...
by need403bhelp
Fri Jul 06, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1417

Re: W-4 allowances: why not withhold the minimum to avoid penalty?

Just as a follow up, I calculated using Notice 1036 ( https://www.irs.gov/pub/irs-pdf/n1036.pdf ) and, if I want to have NO income tax withheld from my paychecks going forward, I have to claim >50 allowances on my W-4. My question: if I claim >50 allowances on my W-4, will this, in itself, cause any...
by need403bhelp
Thu Jul 05, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1417

Re: W-4 allowances: why not withhold the minimum to avoid penalty?

I see, thank you all for your suggestions and Nate79 for the humor.
by need403bhelp
Thu Jul 05, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1417

W-4 allowances: why not withhold the minimum to avoid penalty?

As DW recently began a new job, I was redoing the IRS withholding allowance calculator and realized that I am now under-withholding by about ~$8000 for the year. As I have already withheld >110% of my taxes paid last year (rising income), I decided to keep my withholdings the same and just pay the ~...
by need403bhelp
Wed Jul 04, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"
Replies: 6
Views: 508

Re: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"

JBTX wrote:
Wed Jul 04, 2018 1:28 pm
I suspect it has to do with small businesses that don't use calendar tax year or change tax year or have a "short year". None of these seem to apply to your situation

https://www.irs.gov/businesses/small-bu ... /tax-years
Thank you so much for the helpful link!
by need403bhelp
Wed Jul 04, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"
Replies: 6
Views: 508

Re: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"

I am a W-2 employee. DW recently started a new job, and I realized that we are now under-withholding. I am debating increasing withholding versus simply paying more in April 2019 and staying in the 110% of prior year income safe harbor. However, reading carefully, I noticed the following ( bold add...
by need403bhelp
Wed Jul 04, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"
Replies: 6
Views: 508

Re: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"

I ask as I changed jobs in 2017, and so finished job #1 at the end of June but only started job #2 at the end of August. Does this mean my 2017 tax return didn't cover July and part of August, or am I misreading the statement? You are misreading the statement. Note that at the top of the 1040 form ...
by need403bhelp
Wed Jul 04, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"
Replies: 6
Views: 508

IRS safe harbor question re "Your 2017 tax return must cover all 12 months"

I am a W-2 employee. DW recently started a new job, and I realized that we are now under-withholding. I am debating increasing withholding versus simply paying more in April 2019 and staying in the 110% of prior year income safe harbor. However, reading carefully, I noticed the following ( bold adde...
by need403bhelp
Mon Jun 25, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 11477

Re: I-bonds look pretty bad right now

My question: I am slowly moving my emergency fund to I bonds. Is this still reasonable, or has something changed? If something has changed, is there a better alternative for my emergency fund? I think I-bonds are reasonable for an emergency fund (as long as you have adequate funds outside I-bonds l...
by need403bhelp
Mon Jun 25, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 11477

Re: I-bonds look pretty bad right now

I’m not 100% sure I’m following the whole discussion.

My question: I am slowly moving my emergency fund to I bonds. Is this still reasonable, or has something changed? If something has changed, is there a better alternative for my emergency fund?

Thanks!
by need403bhelp
Sun Jun 24, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: What should I do with my taxable account?
Replies: 10
Views: 2079

Re: What should I do with my taxable account?

Thanks for the response! A few follow up questions. 1. What makes you prefer VXUS over VEA? 2. How do you feel about me doing 10% into VWO? 3. Why do you prefer funds over ETFs? 4. Why do you suggest avoiding bonds? 5. Think I should cost average in over the next twelve months or just do lump sum? ...
by need403bhelp
Sat Jun 16, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Houston Safety
Replies: 13
Views: 1404

Re: Houston Safety

Never been to Houston before. Will be staying near S Main Street & McNee Road. Is it a safe area? I'd just as soon leave my bazooka at home. Generally quite safe area. Most of the time people drive around but I've walked to the Fiesta near there many times without any problems during the day. There...
by need403bhelp
Wed Jun 06, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance for Young Couple
Replies: 41
Views: 3574

Re: Term Life Insurance for Young Couple

Hi everyone, My wife and I are in our mid to late twenties and we're planning to start a family soon. With that in mind, I want to begin looking into life insurance. Would you all recommend using a website that compares rates or using an independent life insurance agent? I like the idea of going th...
by need403bhelp
Wed May 23, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 477

Re: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

Per account. See 12 CFR 204.2(d)(2) https://www.law.cornell.edu/cfr/text/12/204.2 (d) (1)Savings deposit means a deposit or account with respect to which the depositor is not required by the deposit contract but may at any time be required by the depository institution to give written notice of an ...
by need403bhelp
Wed May 23, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 477

Re: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

I imagine it is per account. I see. Those were my thoughts. However, my bank (Synchrony) doesn't seem to show my wife's transfers in my online portal and vice versa. Further, I have alerts turned on to notify me when I am reaching the limit (I should technically be at 6 now if it is per account), a...
by need403bhelp
Wed May 23, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 477

Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

I thought that Google would quickly give me an answer but I'm stumped. For a JOINT savings account, can EACH owner withdraw 6 times per month (i.e., 12 times per month per account) or can BOTH owners only withdraw 6 times per month total (i.e., 6 times per month per account)? Any references much app...
by need403bhelp
Thu May 17, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 743

Re: Titling of joint taxable account w/spouse in community property state?

One more thing to consider -- we were told that joint taxable accounts at Vanguard can't designate beneficiaries. Thanks! That is definitely good to know. It is good to know, but it is not a good restriction. Most other brokerages allow a CPWROS to name a TOD beneficiary who will inherit directly u...
by need403bhelp
Wed May 16, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 743

Re: Titling of joint taxable account w/spouse in community property state?

chestnut wrote:
Wed May 16, 2018 6:57 pm
One more thing to consider -- we were told that joint taxable accounts at Vanguard can't designate beneficiaries.
Thanks! That is definitely good to know.
by need403bhelp
Wed May 16, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 743

Re: Titling of joint taxable account w/spouse in community property state?

This breaks it down for you: https://info.legalzoom.com/difference-between-community-property-rights-survivorship-vs-joint-tenancy-21133.html Thank you for the helpful article. I am still somewhat confused after reading and re-reading it. For example, it states: When a married couple owns property ...
by need403bhelp
Wed May 16, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 743

Re: Titling of joint taxable account w/spouse in community property state?

I am no expert, but live in same state. I believe ours is option A. I went and looked at the account and both our names are listed and then JT Ten WROS. Assume Joint Tenants with right of survivorship. Maybe an attorney will come along and help us if that is the best option. :beer I see. Thanks so ...