Search found 1237 matches

by JGoneRiding
Sun May 20, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: New perspective on cash-flowing ever increasing College tuition costs, without 529 plan that is!
Replies: 22
Views: 2224

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

Biggest issue is the FAFSA does not actually care what your tax situation is. If your kid isn't married or in the military your income counts till 26
by JGoneRiding
Sat Apr 28, 2018 11:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 551
Views: 64434

Re: Paid Off Mortgage Today

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

:sharebeer. :mrgreen:
by JGoneRiding
Mon Apr 23, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: estate planning with animals
Replies: 28
Views: 2804

Re: estate planning with animals

If your state allows it, you might consider a pet trust. We have one in Illinois. You can set up a trust to fund your animals' care with the residual going wherever you want. That way you know the money will not be spent on anything else. You still need some trusted person to administer the trust. ...
by JGoneRiding
Sun Apr 22, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 19454

Re: Can I retire at age 40?

You can. You just need to spend a lot less.
With no mortgage 120k is a ton of money yo need to spend every year
by JGoneRiding
Tue Feb 20, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 3681

Re: condo rental and emotional support animals issues

Be prepared for people to say the animal is an ESA when it's simply a pet they didn't want to pay extra for. And be prepared for animals other than cats and dogs - apparently things like snakes, turkeys, chickens and hamsters provide emotional support. Also, I'm not sure that ESAs fall under the AD...
by JGoneRiding
Tue Feb 20, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 3681

Re: condo rental and emotional support animals issues

This thread made me wonder what Airbnb's policy is. Seems that with Airbnb... 1. Hosts MUST accept assistance animals, including ESAs. 2. Guests are NOT required to disclose the presence of assistance animals prior to booking. 3. Hosts are NOT allowed to charge additional fees for assistance animal...
by JGoneRiding
Tue Feb 20, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 3681

Re: condo rental and emotional support animals issues

I believe for an esa the law only requires "reasonable " accommodation. You can still charge a pet damage deposit and flea control fee. I saw a very extensive form from a local suppsidised housing authority and it most assuredly did NOT give eta dogs cart Blanche. It was about 6 pages long of requir...
by JGoneRiding
Tue Feb 20, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Married Filing Separately - Roth IRA oops
Replies: 13
Views: 1065

Re: Married Filing Separately - Roth IRA oops

Given the tax implications there is no way i would file separately for 20 years. So you might as well bite the bullet and lower the it rate and either set it for a 10 year plan or try to get it done asap
by JGoneRiding
Mon Feb 19, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 52
Views: 4334

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

What is a doing with the extra and what is the real or presumed roi.? Without that who knows it's all a guessing game. If a decides to rent for ever at that rate adjusted for inflation and invests the difference in the stock market at some "real rate of return" most likely on the numbers a will win....
by JGoneRiding
Sat Feb 17, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Timber
Replies: 37
Views: 3371

Re: Selling Timber

I am absolutely fascinated by this thread (and I suppose I shouldn't be surprised that there are experts on this forum who know the answers). I would love to get some insight from others who have done this before. It has always been a fantasy of mine to buy a large remote plot of land, with a small...
by JGoneRiding
Sat Feb 17, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: help me figure out best way to deduct
Replies: 1
Views: 327

help me figure out best way to deduct

So I am having a hard time with new vs old tax law deciding when it is personally best to take deductions. Normally our combined income is about 145k but last year with the birth of our first I took unpaid maternity and also no on call combined that was about a 35k pay cut for me. We also have 4 ren...
by JGoneRiding
Fri Feb 16, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Hopefully SImple Question on Real Estate Taxation
Replies: 12
Views: 671

Re: Hopefully SImple Question on Real Estate Taxation

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

At the time of conversion was the property worth less than purchase and did you document that?
by JGoneRiding
Fri Feb 16, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Hopefully SImple Question on Real Estate Taxation
Replies: 12
Views: 671

Re: Hopefully SImple Question on Real Estate Taxation

So for 18 years the property just sat empty?
by JGoneRiding
Fri Feb 16, 2018 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Tax filing status for international family
Replies: 3
Views: 427

Re: Tax filing status for international family

Not an agent but I would at refilling as hoh for other years would be a red flag. If you meet the qualifications listed in the irs pub you should be able to claim children. I have no idea if they would ever be able to tell that you are both claiming the kids In different countries but i am fairly ce...
by JGoneRiding
Fri Feb 16, 2018 12:18 am
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 11503

Re: My Over $300K Vanguard Balance Disappeared?

You all have made me very glad I use Schwab. 24/7 service! I can (and have) call them at .midnight pst and get a chipper person to solve my problem (usually an account lock out)
by JGoneRiding
Fri Feb 16, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 3738

Re: Rant about relocation mortgage assistance, and a question

I agree with "hand" get a margin loan. Perfect situation for one and the rates are suppose to be very reasonable. I actually find the 3 paycheck thing odd. I have only ever needed 1 months worth (for what it is worth I have done 3 loans on the last 3.5yrs) and even when My husband was relocating and...
by JGoneRiding
Thu Feb 15, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 1030

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

I am trying to figure out what the rest of you think would be more affordable. Most likely he is paying less than 500/mos for housing plus insurance and taxes in probably mcol area (200k home). I live in mcol area I can tell you what you can rent for 600/mos is very very limited. I don't see how he ...
by JGoneRiding
Thu Feb 15, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: When will I get my 1099-S (sale of personal residence)
Replies: 1
Views: 292

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

It is unlikely you will since it is a personal residence but the answer is most likely e) it depends on your local
by JGoneRiding
Thu Feb 15, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Friend with extremely high interest credit card debt
Replies: 20
Views: 1957

Re: Friend with extremely high interest credit card debt

At that debt to income level she is going to struggle to find good cards with enough credit to do the transfer to lower cards thing. My husband had similar income but half the debt and a house with equity and I could still only get a card for 3500 with no fee balance transfer (chase has the best off...
by JGoneRiding
Wed Feb 14, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Taking mortgage from a trust?
Replies: 13
Views: 947

Re: Taking mortgage from a trust?

Who is the trustee and what is the trust suppose to protect
by JGoneRiding
Tue Feb 13, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage calculator help
Replies: 4
Views: 484

Re: Mortgage calculator help

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

Otherwise go online and search and download. No need to reinvent the wheel
by JGoneRiding
Tue Feb 13, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 7748

Re: Should I claim chapter 7 bankruptcy? debt 110k

I want to give the OP kudos for at least claiming responsibility for the action that led to huge loss. You have learned a very valuable lesson that there is no such thing as quick and safe. Hopefully you will never forget it. Declare bankruptcy and move on. This is why it exists. I hope what you rea...
by JGoneRiding
Sat Feb 03, 2018 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Multiple bank accounts - am I crazy?
Replies: 46
Views: 4820

Re: Multiple bank accounts - am I crazy?

I have 10. No wait 11 Was this a contest? I have 2 online savings (CO 360 n Ally) I opened Ally cause 360 rate was going so poorly. I have check n savings with a credit union cause they had a great rate and good loan products and I just haven't closed I keep it as slush. I have Charles Schwab checki...
by JGoneRiding
Fri Feb 02, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on whether or not to refinance my mortgage
Replies: 7
Views: 856

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

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

Send them written notice that you want pmi removed because of increased value. They should agree to a new appraisal. If for some reason they don't elsewhere
by JGoneRiding
Thu Feb 01, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Per Stirpes
Replies: 21
Views: 3472

Re: Per Stirpes

If you name your children and grandchildren all as secondary beneficiaries in the manner you listed you would end up with a unique per capita distribution if one if them pre- deceased you. Not stripes. Is there a way to designate that if a beneficiary pre deceased you that their shore was suppose to...
by JGoneRiding
Wed Jan 31, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Refi After 1 Year?
Replies: 42
Views: 3353

Re: Refi After 1 Year?

Well I am yo late then. I was going to say you have the option of paying the escrow shortage as a lump sum. What I would have done.
by JGoneRiding
Tue Jan 30, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Insurance company wants new roof after closing!
Replies: 20
Views: 5069

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

We had to fix ours to continue but they had certified us for the first year so it didn't have to be done 1 yr. I have never heard of complete replacement
by JGoneRiding
Mon Jan 29, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help with paying off debt
Replies: 56
Views: 6091

Re: Help with paying off debt

Lenders are required to remove pmi once you are below 80% of ORIGINAL LTV . And a few other requirements are meant, which I think you have one of them is no late payments in a certain time frame. How close are you to that number? In my original loan documents it was clearly spelt out when that would...
by JGoneRiding
Mon Jan 29, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Wills - Should guardian also be the executor of the estate?
Replies: 15
Views: 1325

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

Just a data point. We plan to have them separate. Actually if I switched guardians which I might then it would be the same but as it is the current listed guardian I don't trust to not blow money, I mean I think she would blow it on my kid but still waste a ton. Plus by using 2 different sides of th...
by JGoneRiding
Mon Jan 29, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 4306

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

I've seen a couple posters say the benefits don't increase much after you reach $2 million of cumulative lifetime income. Not sure if true? Am I missing something? I see cumulative refrred to a lot but have never understood how it is even relative. Let's take it to extreme and say you make 2 mil in...
by JGoneRiding
Sat Jan 27, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Father financial trouble
Replies: 40
Views: 5118

Re: Father financial trouble

denovo wrote:
Wed Jan 24, 2018 10:29 pm
Joejoe00 wrote:
Wed Jan 24, 2018 9:51 pm
Can they garnish his social security?
No.
The best way to prevent an attempt if they get a judgment is to make sure he has a bank acct that ONLY Ss goes into. It might be a good idea to set up a new acct if he receives any other funding at all
by JGoneRiding
Sat Jan 27, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with Roth IRA?
Replies: 23
Views: 2129

Re: Pay off mortgage with Roth IRA?

I understand being close and wanting to finish. Where is the money for the brand new no loan car coming? Me: I would stop new contributions to ira and put that towards the loan, I would wait on the car till next year. Using those two things you should be done by June or Dec at the latest. Then you c...
by JGoneRiding
Thu Jan 25, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 18976

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

I too have a infant at home. We do not spend 450/month on baby stuff. Also I would cut cable immediately but keep internet and Netflix. Get whatever you can with an attanea. Those would be my too target itemd I would make putting enough into 401k to get match top priority. So yesterday I would move ...
by JGoneRiding
Fri Jan 12, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Plan - How to make the most of it?
Replies: 43
Views: 5811

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

I really think you are looking at it all wrong.

I guess I generally view it as on y income owe x tax. Now you should owe x-z. In part because the first three brackets are bigger and the std deduction is a lot bigger. Either way you are still saving 24% on all contributions to retirement
by JGoneRiding
Fri Jan 12, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 2098

Re: Underwater 4-5k in vehicle.

We bought and sold 3 vehicles on Craigslist in the last 6 months. All very happy all around. Just fyi. Follow the obvious advice to deal locally But you can in fact roll one underwater vehicle into another people do it all the time and dealerships love it cause then of course they are the only finan...
by JGoneRiding
Mon Jan 08, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Missing a Long Term Financial Goal
Replies: 32
Views: 4360

Re: Disappointed in Missing a Long Term Financial Goal

650K net worth, 4.5 years to go, way too early to say you are going to miss your goal. Hang in there! :sharebeer Yeah that. I mean it's going to be up to the markets but there is still a very good chance. And I totally think you should count it as net worth and then be generous in your definition W...
by JGoneRiding
Mon Jan 08, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs. Federal Student Loans?
Replies: 8
Views: 550

Re: Private vs. Federal Student Loans?

Double check of course but I thought they left the deduction and still one of the few above line deductions meaning it Lowes AGI even if you have no other deductions
by JGoneRiding
Sun Jan 07, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Overpayment on W2. Please help.
Replies: 13
Views: 1415

Re: Overpayment on W2. Please help.

Since this is the US military and no nefarious intent is thought. I would push hard to get a mis calculation statement done. It seems you need to get them to state that this was NOT intended as income for 2017 and get them to classify it as some thing else. Accidental reimbursement for expenses that...
by JGoneRiding
Sun Jan 07, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting Assets in Divorce
Replies: 54
Views: 6732

Re: Splitting Assets in Divorce

I didn't read everything. There are arbitrators that specialize in this and then present an agreement to the judge. I suggest you together employ one in your state. No need for any lawyer at all either in the splitting process or in court when the judge agrees. Split every thing as right down the mi...
by JGoneRiding
Sun Jan 07, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home to realtor friend discount math problem
Replies: 15
Views: 1190

Re: Selling home to realtor friend discount math problem

I am uncertain about any other costs involved that need to be factored in when you sell a house without commission like this. Most feel it's fair to split the difference. So if the commission price would be x+5% then the none commission would be x+2.5% Closing costs are separate from price of house...
by JGoneRiding
Fri Jan 05, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 3231

Re: [How to determine budget for toys/luxuries?]

Since you seem to want a simple rule I will give you one. After saving 20% for edit and paying taxes and paying 25% for home you can probably spend 1 to 4% of remaining income each year on "toys" feel free to save it up for expensive toys. There nice and clean not subject to age. You need to be doin...
by JGoneRiding
Fri Jan 05, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice To $$ Mess
Replies: 23
Views: 2745

Re: Seeking Advice To $$ Mess

I do not think they should sign a condo contract before sorting out the finances. This type of do first think later thinking is what got them here. The best option may well be subsidized housing if they really have a very low income. I agree with those who have suggested making sure they are receiv...
by JGoneRiding
Fri Jan 05, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice To $$ Mess
Replies: 23
Views: 2745

Re: Seeking Advice To $$ Mess

Reduce spending. Move to lower cost area. Rent a small apartment or buy a much much cheaper condo/house. Get a job. They can not afford to retire. This. After the house is paid for and utilities significantly down sized what are they spending money on? I think downsizing makes sense as it will save...
by JGoneRiding
Thu Jan 04, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with tax plan - 250k family in Texas
Replies: 15
Views: 1550

Re: Need help with tax plan - 250k family in Texas

You have three options. 1 if you check married but withhold at higher single rate Both of you change exemptions to zero NOT 1. One with old at married plus 1 exemption and second person go through work sheet o n page 2 of a w4 form which is going to be the most accurate. Only 1 of you should calcula...
by JGoneRiding
Fri Dec 29, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to financially assist DD to help continue her Obamacare
Replies: 54
Views: 4549

Re: How to financially assist DD to help continue her Obamacare

To have 2017 income she needs to sell today! I don't want that to get overlooked in the rest of the discussion. Not having any 2017 income might not appear to matter for 2017 but it will for sure affect 2018 and you are to late to do any 2018 plan changes so getting kicked off Aca for lack of income...
by JGoneRiding
Thu Dec 28, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to Roth 401k? (33%->24% fed + 9.3% state)
Replies: 12
Views: 1419

Re: Switch to Roth 401k? (33%->24% fed + 9.3% state)

I am not as dramatic. We will be going from 25% to 22%. I am going to do my best this year for tIRA and next year we will do simple IRA for us both then fill up the Roths. I think I will prioritize the Roths over full simple after the matches
by JGoneRiding
Fri Dec 22, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone here purchased a home for cash (no mortgages)?
Replies: 39
Views: 4579

Re: Has anyone here purchased a home for cash (no mortgages)?

I would not advice you to pay cash for home. When you get loan, bank will ask you all sort of document from seller. This will protect you from hidden lien or all sort of mess on that property. When you take loan, seller should provide you some sort of guaranty. you may take loan and paid after sinc...
by JGoneRiding
Wed Dec 20, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do We Have to Wait Until Trump Signs the Bill Before We Can Discuss It?
Replies: 44
Views: 3293

Re: Do We Have to Wait Until Trump Signs the Bill Before We Can Discuss It?

Am I crazy. I thought none of these changes would have any affect until 2018 taxes. Or are people trying to do something now so it doesn't fall on 2018?
by JGoneRiding
Mon Dec 18, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Availability of health care providers - how to factor this in a move?
Replies: 77
Views: 5536

Re: Availability of health care providers - how to factor this in a move?

Is it at all heart related? A lot of smallish communities lack cardio specialist even moderate size that you would really think do have one don't. As stated up thread this means copper ride. Possible to be expensive I know people die every year in our county due to in ability to get some where fast ...
by JGoneRiding
Mon Dec 18, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Rental Home - Was Primary Residence - Tax Situation
Replies: 12
Views: 1768

Re: Sold Rental Home - Was Primary Residence - Tax Situation

If you read way down pub 587 i think it lays it out well. Either way he definitely doesn't owe on the whole gain for sure plus I would think at only 35k he just needs to better lay out losses. Such as realtor and improvements. I have been worried that TT fails to account for it correctly and would t...