Search found 306 matches

by anonsdca
Sun Feb 09, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting Sale of Rental Property in Turbo Tax
Replies: 38
Views: 1649

Re: Reporting Sale of Rental Property in Turbo Tax

I also sold an out of state rental this year, am a Mac user, and use TT so I am commenting for when I do my taxes in case I have the same issues. Good information on this thread.
by anonsdca
Sun Feb 09, 2020 10:58 am
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3035

Re: 17 mo CD 2.25 apy Is there better?

"Is there a better deal somewhere else?" Yes, they are virtually everywhere. I often look at deposit accounts.com, bankrate.com and other aggregators. They dont have anything there unless they are told about it, meaning that dont have much. What I found is that you need to look at local credit union...
by anonsdca
Fri Jan 24, 2020 4:05 am
Forum: Investing - Theory, News & General
Topic: Hsa
Replies: 12
Views: 932

Re: Hsa

My work uses an HSA that I don't like. Are you saying that I can open a Fidelity HSA and move the money there? It's not like 401k where I'm stuck? Interested in this answer. I have an inept benefit person at my employer and I cannot get a straight answer on IF I can open my HSA anywhere I want, bas...
by anonsdca
Sun Jan 19, 2020 11:39 am
Forum: Personal Consumer Issues
Topic: Paying for vices (like cigarettes)
Replies: 72
Views: 6419

Re: Paying for vices (like cigarettes)

No, there is no concern about using your credit card. This ^^^ I'd question whether you should be giving cigarettes to people which will negatively impact their life expectancy, but that's a different question. And an inappropriate question at that. You dont get to choose someone else lifestyle as ...
by anonsdca
Fri Jan 17, 2020 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to structure a short term family loan
Replies: 22
Views: 1002

Re: Best way to structure a short term family loan

I would suspect that the reason the OP wants to loan the money to the relative to pay off the student loan is that the OP feels that the relative will not pay off the loans from the lump sum and that the lump sum will be used for another purpose. The short term family loan supposedly should get the...
by anonsdca
Fri Jan 17, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 100
Views: 9527

Re: My LenderFi refinance is going well

Based on this thread, I applied with LenderFi this morning. Here's what happened: I went through their website at about 9:30 this morning and input some basic information. Name, address, occupation, loan amount, property value, SS#. Their website generated quotes for several loan types (30/25/20/15...
by anonsdca
Fri Jan 17, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to structure a short term family loan
Replies: 22
Views: 1002

Re: Best way to structure a short term family loan

Yes. I think playing the role of a bank is a bad idea. I have seen family feuds and best friend feuds where the individuals involved never reconciled - all because of money lent between them. If a friend was in dire need, I would give it. But would not lend as I am not a Bank. Yes, and almost every...
by anonsdca
Fri Jan 17, 2020 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to structure a short term family loan
Replies: 22
Views: 1002

Re: Best way to structure a short term family loan

Put the loan in writing. Have her sign it. Otherwise it may be a gift. What is putting it in writing going to do? Is he going to sue his own family for his own foolishness?? Yes. I think playing the role of a bank is a bad idea. I have seen family feuds and best friend feuds where the individuals i...
by anonsdca
Fri Jan 17, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to structure a short term family loan
Replies: 22
Views: 1002

Re: Best way to structure a short term family loan

Structure it like this: "Here is the $30K, pay me back when you get your lump sum". At that point--- in your mind--- consider it a gift and expect zero payback. If you cant to that, dont loan money to family. Put the loan in writing. Have her sign it. Otherwise it may be a gift. What is putting it ...
by anonsdca
Fri Jan 17, 2020 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to structure a short term family loan
Replies: 22
Views: 1002

Re: Best way to structure a short term family loan

Structure it like this: "Here is the $30K, pay me back when you get your lump sum". At that point--- in your mind--- consider it a gift and expect zero payback. If you cant to that, dont loan money to family. Put the loan in writing. Have her sign it. Otherwise it may be a gift. What is putting it ...
by anonsdca
Fri Jan 17, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to structure a short term family loan
Replies: 22
Views: 1002

Re: Best way to structure a short term family loan

Structure it like this:

"Here is the $30K, pay me back when you get your lump sum".

At that point--- in your mind--- consider it a gift and expect zero payback. If you cant to that, dont loan money to family.
by anonsdca
Wed Jan 15, 2020 9:05 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 527
Views: 64645

Re: Best CD rates thread

Is there any bank/CU that is at say the 75th percentile range ? The usual suspects (Ally, Marcus, Capital One, Purepoint) maybe ? My go-to list of such banks/CDs includes: Andrews, Mountain America FCU, Live Oak bank and Connexu. In the last few years they've tended to be toward the top consistentl...
by anonsdca
Wed Jan 15, 2020 8:04 pm
Forum: Personal Investments
Topic: Purchasing an individual "baby bond"
Replies: 9
Views: 738

Re: Purchasing an individual "baby bond"

The reason why I arbitrarily chose Ford is that I'm not really in the position to evaluate or understand the credit worthiness of many of the other baby bonds on the list. Ford is a company that probably has a 99.99% probability of still being around in 5 years. Therefore, the only real gamble here...
by anonsdca
Wed Jan 15, 2020 7:54 pm
Forum: Personal Investments
Topic: Just retired. Too emotionally attached to hard earned $ to be in market and generate a "paycheck."
Replies: 75
Views: 7775

Re: Just retired. Too emotionally attached to hard earned $ to be in market and generate a "paycheck."

Put money in a balanced index fund paying ~2% dividend. retire in Thailand, Mexico or Vietnam. $40k is more than enough for one year expense in these countries with self funded health insurance. Do Roth conversion with zero tax. Ride scooter instead of van. Back to USA when you are 65 to claim SS a...
by anonsdca
Wed Jan 15, 2020 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 100
Views: 9527

Re: My LenderFi refinance is going well

I signed up and looked at the various rates, loans and points. Do they roll those fees (which ever you choose) into the loan? Or do you actually have to pay upfront for the appraisal, buy up etc?
by anonsdca
Wed Jan 15, 2020 1:46 pm
Forum: Personal Investments
Topic: Just retired. Too emotionally attached to hard earned $ to be in market and generate a "paycheck."
Replies: 75
Views: 7775

Re: Just retired. Too emotionally attached to hard earned $ to be in market and generate a "paycheck."

I would definitely do something along the lines of your #3. You dont have enough cash to withdraw at your age. From what I read, you have $1.4M million and you think your expense will be $40K. Well, that is 3%, and while those CD rates come around from time-to-time (See CD thread here at BH) I dont ...
by anonsdca
Wed Jan 15, 2020 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 100
Views: 9527

Re: My LenderFi refinance is going well

Appraisal was normal. They sent an outside appraiser, I paid the $495 fee, she came to my home for maybe 15 minutes, had it completed within 5 days. Someone definitely needs to be home as they look at every room and photograph some of it. And it's to your advantage -- I informed her about a few spe...
by anonsdca
Wed Jan 15, 2020 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 100
Views: 9527

Re: My LenderFi refinance is going well

Interesting, thanks. I have not heard of LendingFi. How does the appraisal work? Does someone need to be home? Last time I did one (refinance), I had to take a half day off work and be there to lead him around. How long does the process take with LendingFi? For my refi, they did an automated comput...
by anonsdca
Wed Jan 15, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 100
Views: 9527

Re: My LenderFi refinance is going well

Interesting, thanks. I have not heard of LendingFi.

How does the appraisal work? Does someone need to be home? Last time I did one (refinance), I had to take a half day off work and be there to lead him around.

How long does the process take with LendingFi?
by anonsdca
Tue Jan 14, 2020 7:22 pm
Forum: Personal Investments
Topic: Purchasing an individual "baby bond"
Replies: 9
Views: 738

Re: Purchasing an individual "baby bond"

I recently read an article regarding "baby bonds" that are issued in $25 denominations, are callable and have high coupon rates (5-8%). My goal would be to buy such a bond and then hold it to the point where it is called or beyond. My rationale is that this could be a fairly "safe investment" with ...
by anonsdca
Tue Jan 14, 2020 2:24 am
Forum: Personal Finance (Not Investing)
Topic: Jobs in small towns
Replies: 11
Views: 1259

Re: Jobs in small towns

I have always wondered the same thing when I go through those really small towns as I travelled the USA. Those kinds of towns are very interesting and I wonder what secrets they hold. The drive from WA to NV, you go through a lot of those places, mostly desert towns. For me however, I have spent my ...
by anonsdca
Mon Jan 13, 2020 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: $10,000 Commission check
Replies: 8
Views: 890

Re: $10,000 Commission check

With the first - I'd max the IRA, the rest on the student loan. With the second, I blow out the rest of the student loan and the entire car loan. Good spot to be in.
by anonsdca
Mon Jan 13, 2020 2:01 am
Forum: Personal Consumer Issues
Topic: Salad shooter recommendation
Replies: 16
Views: 1582

Re: Salad shooter recommendation

I find that salad holds up well for a few days. I'd just make a big batch and cover well.

Or, just buy the kind of greens you dont need to chop. Baby spinach, spring mix, power mix, I find myself eating those mostly anyway.
by anonsdca
Wed Jan 08, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Moving Costs
Replies: 24
Views: 986

Re: Moving Costs

Yeah, no way is this costing $30K, it doesn't matter where you are going. For me, I did this in 2015. From Southern California to Washington State. 2500 SQ ft house (we boxed), they took the big stuff and the boxes. Cost $6,000. Where it can get pricey is IF you do not box yourself. They charge per ...
by anonsdca
Tue Jan 07, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Picking a Realtor
Replies: 36
Views: 2244

Re: Picking a Realtor

In my opinion this is one industry that really needs to be disrupted--and I mean smashed. I have bought and sold 4 houses in my life and the real estate agent has really done nothing other than collect a fee. That is not a bad job when you can do absolutely nothing and still collect a hefty fee and ...
by anonsdca
Sun Jan 05, 2020 11:18 am
Forum: Investing - Theory, News & General
Topic: Are REITs a low volatility stock investment?
Replies: 20
Views: 1275

Re: Are REITs a low volatility stock investment?

REITS are one of eleven stock sectors. If we ask PortfolioVisualizer to show us the correlations between the total stock market, as represented by the Vanguard Total Stock Market Index Fund, and eleven Vanguard ETFs that represent each of the eleven top-level sectors, it shows us this: https://imgu...
by anonsdca
Sat Jan 04, 2020 6:25 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 527
Views: 64645

Re: Best CD rates thread

silly to me to chase rates all over the place rather than keeping all your assets with vanguard Why? Does Vanguard offer FDIC insured CD's? Or HY MMAs? All the brokered CDs are FDIC insured, they just are not worth buying due to the current low interest rates. And callable often. Then why bother wi...
by anonsdca
Sat Jan 04, 2020 4:44 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 527
Views: 64645

Re: Best CD rates thread

elainet7 wrote:
Sat Jan 04, 2020 4:37 pm
silly to me to chase rates all over the place rather than keeping all your assets with vanguard
Why? Does Vanguard offer FDIC insured CD's? Or HY MMAs?
by anonsdca
Sat Jan 04, 2020 4:17 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 527
Views: 64645

Re: Best CD rates thread

Hey All, I have a 9-Mo CD in my area @2.5%. They only state (on Webpage) min to open is $500. They dont state what the EWP is, tho they state there is one. I will visit the branch Monday to get details, but what about the term & rate? Anything better? This just happens to be local, but I am OK going...
by anonsdca
Sat Jan 04, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: What do fellow savers and frugalateers think
Replies: 19
Views: 2486

Re: What do fellow savers and frugalatiers think

I am with the few who think this is not the right course. You are dumping 75% of your income into someone else's wallet. There is no place on earth that is worth that. You are basically contributing 75% of your income to help someone else growth their wealth. I am stunned.
by anonsdca
Fri Jan 03, 2020 8:42 am
Forum: Investing - Theory, News & General
Topic: Apple stock
Replies: 37
Views: 3582

Re: Apple stock

Down about 30% from its high compared to a decline of 8% for Total US, dividend reinvestment included. Just a point of interest. Market weight is about 2.5%. Being at 4% is unlikely to have a major impact unless the value goes to zero and losing 4% instead of closer to 2.5% is a big deal to you. On...
by anonsdca
Sun Dec 29, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket-Situation
Replies: 21
Views: 1571

Re: Tax Bracket-Situation

After you've figured out your taxable income as described by HEDGEFUNDIE, look at the tax bracket table here: https://taxfoundation.org/2019-tax-brackets/ For example, if your taxable income is $100,000, you're in the 22% tax bracket (above $78,950 but below $168,400). However, remember that only i...
by anonsdca
Sun Dec 29, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket-Situation
Replies: 21
Views: 1571

Re: Tax Bracket-Situation

DoubleClick wrote:
Sun Dec 29, 2019 5:49 am
What are you trying to accomplish overall? What will you do once you know your tax bracket? I'm trying to ensure we can help guide you with your ultimate goal(s).
It is very simple. Just like other say."I am in the XXX tax bracket", I want to be able to know and say what mine is also.
by anonsdca
Sun Dec 29, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket-Situation
Replies: 21
Views: 1571

Re: Tax Bracket-Situation

Here is my situation. I am married, file jointly. Since Sept 2019, I have tracked my payroll taxes and these are the percentages: -FICA - 12.48% This is not FICA and your paystub does not say FICA either, does it? This is likely Federal income tax -Medicare - 1.42% Medicare tax is supposed to be 1....
by anonsdca
Sat Dec 28, 2019 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket-Situation
Replies: 21
Views: 1571

Re: Tax Bracket-Situation

Tax bracket refers to the final highest bracket that your last dollar of earnings falls into. Not what your overall average tax rate is. I think you may be over complicating the calculation. Try these steps instead: 1. Sum up your and your wife’s gross income for the year (before deductions of any ...
by anonsdca
Sat Dec 28, 2019 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket-Situation
Replies: 21
Views: 1571

Re: Tax Bracket-Situation

I don’t think you are relaying the correct information. These are the rates for Social Security and Medicare. We call that FICA. You later reference SS which is an abbreviation for Social Security so something is out of whack with the info. The Federal Insurance Contributions Act (FICA) tax rate, w...
by anonsdca
Sat Dec 28, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket-Situation
Replies: 21
Views: 1571

Re: Tax Bracket-Situation

HomeStretch wrote:
Sat Dec 28, 2019 9:07 pm
Is the “FICA” line really your federal income tax withholding?

There is not enough info in your post. Do you have your 2018 return? You could pencil in your 2019 numbers next to the 2018 numbers to calculate your estimated 2019 taxable income.
Yes, that is the actual % take from my gross salary.
by anonsdca
Sat Dec 28, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket-Situation
Replies: 21
Views: 1571

Tax Bracket-Situation

Hello. Try as I might, Google, this site, whatever, I cannot really grasp my tax situation, Can someone help with some links or info? I want to know my tax bracket based on my salary. Here is my situation. I am married, file jointly. Since Sept 2019, I have tracked my payroll taxes and these are the...
by anonsdca
Tue Dec 24, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for starting new remote job right
Replies: 8
Views: 754

Re: Advice for starting new remote job right

I worked remote for my final three years of my career, these are the keys that helped me out. Be proactive in taking care of your administrative requirements such as any training that may be required for your company. Do not make them hound you to get the little things done. It is amazing what this...
by anonsdca
Tue Dec 24, 2019 10:03 pm
Forum: Investing - Theory, News & General
Topic: Everyone's Financial 'Infrastructure'
Replies: 33
Views: 3739

Re: Everyone's Financial 'Infrastructure'

"...It's no surprise that the most common topics discussed on here are about investing..." I am not sure this is true. Right now on my Page 1 there is: Someone asking about, car rentals, being frugal, not being frugal, paying off credit card debt, insurance, emergency funds, being a Scrooge, HSA, et...
by anonsdca
Tue Dec 24, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for starting new remote job right
Replies: 8
Views: 754

Re: Advice for starting new remote job right

I worked remote for 10 years until recently where I went back to the office. 1) Use video chat almost all the time. Even though you are not supervising anyone, the ability to see your face and get to know your expressions will mean a lot. Certainly for meetings, but even for one-on-ones. I found tha...
by anonsdca
Mon Dec 23, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Anyone start saving late and still retire early?
Replies: 61
Views: 5480

Re: Anyone start saving late and still retire early?

I notice a lot of people in this thread are mentioning they started in their 30's. I would suspect a very small minority of folks really start saving for retirement or otherwise in their 20's, so I don't think starting in your 30's is starting late. My goodness, how I wish I would have started then!...
by anonsdca
Tue Dec 10, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: What Metrics do you use to Monitor the Health of your Retirement Plan?
Replies: 31
Views: 2193

Re: What Metrics do you use to Monitor the Health of your Retirement Plan?

1) Track my investment contributions to a goal
2) Track my income
3) Track my annual increase in income
4) Track my estimated next year income
5) Track my income to expected retirement expenses
by anonsdca
Mon Dec 09, 2019 6:36 am
Forum: Personal Consumer Issues
Topic: Recommend Laptop
Replies: 79
Views: 5503

Re: Recommend Laptop

My Apple MacBook Pro is the best laptop I have ever used. I just bought a Macbook Pro and love it. It should last me quite a while - maybe to the point I no longer want a laptop and just go with a tablet. And 3x-10x the OP's budget. But it will also continue to work VERY well, 3x longer than any PC...
by anonsdca
Thu Dec 05, 2019 8:29 pm
Forum: Personal Consumer Issues
Topic: Paying for vices (like cigarettes)
Replies: 72
Views: 6419

Re: Paying for vices (like cigarettes)

No, there is no concern about using your credit card. This ^^^ I'd question whether you should be giving cigarettes to people which will negatively impact their life expectancy, but that's a different question. And an inappropriate question at that. You dont get to choose someone else lifestyle as ...
by anonsdca
Thu Dec 05, 2019 11:10 am
Forum: Personal Consumer Issues
Topic: Paying for vices (like cigarettes)
Replies: 72
Views: 6419

Re: Paying for vices (like cigarettes)

No, there is no concern about using your credit card. This ^^^ I'd question whether you should be giving cigarettes to people which will negatively impact their life expectancy, but that's a different question. And an inappropriate question at that. You dont get to choose someone else lifestyle as ...
by anonsdca
Thu Dec 05, 2019 11:06 am
Forum: Personal Consumer Issues
Topic: Cable Cord Cutting more complicated than expected
Replies: 96
Views: 7952

Re: Cable Cord Cutting more complicated than expected

What do you all pay for internet service? Do you ever run into data usage issues due to streaming? Up to $59.99/month now for 100mb cable internet. The competitor is $5 less. I haven't mustered up the energy to switch for $5. No data cap. Well, they say after 5 TB you may be slowed down. We have ex...
by anonsdca
Thu Dec 05, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: Cable Cord Cutting more complicated than expected
Replies: 96
Views: 7952

Re: Cable Cord Cutting more complicated than expected

Nope, just checked my bill, still the same. I don't think I would have gone for something that would have increased after time, and if it does, I will cancel, or move. I have no problems doing that. However, like you said, I have experience with ALL/most of the streamers. I have had Netflix, Hulu, ...
by anonsdca
Wed Dec 04, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: Cable Cord Cutting more complicated than expected
Replies: 96
Views: 7952

Re: Cable Cord Cutting more complicated than expected

I cut the cord from 2013 to 2019. I did for all the reasons people give now = Expensive, bunch of channels I don't watch, and don't have the channels I do watch. Six years later, that is not the case for me. I was using Sling to get ESPN, Food TV, TLC, and I liked a lot of their other channels ($19...
by anonsdca
Wed Dec 04, 2019 6:18 pm
Forum: Personal Consumer Issues
Topic: Cable Cord Cutting more complicated than expected
Replies: 96
Views: 7952

Re: Cable Cord Cutting more complicated than expected

I cut the cord from 2013 to 2019. I did for all the reasons people give now = Expensive, bunch of channels I don't watch, and don't have the channels I do watch. Six years later, that is not the case for me. I was using Sling to get ESPN, Food TV, TLC, and I liked a lot of their other channels ($19....