Search found 292 matches

by Nearly A Moose
Wed Sep 14, 2016 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited 529 question
Replies: 6
Views: 566

Re: Inherited 529 question

The negative implications for grandparent-owned 529 plans are much less now, because financial aid methodology uses the prior-prior year. That is, your 2016-17 financial aid depends on your 2014 income (because you might not have filed the 2015 taxes by the time you fill out the financial aid form....
by Nearly A Moose
Wed Sep 14, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of upside down car
Replies: 60
Views: 4159

Re: Getting out of upside down car

Follow the collective wisdom of this thread. Consider snow tires if you feel you need them or you notice that the "natives" have them. A key thing to remember is that up north, the towns and counties actually know how to handle snow. A big snowfall up North? Roads are salted in advance, s...
by Nearly A Moose
Wed Sep 14, 2016 2:25 am
Forum: Personal Consumer Issues
Topic: Visa Discount Air Benefit
Replies: 6
Views: 731

Re: Visa Discount Air Benefit

jumppilot wrote:The Ritz card gets you $300 in travel credits as well. Very easy to redeem.

Also comes with a Priority Pass membership and Marriott Gold if you spend $10,000 a year.

I travel a lot so it works for me.



Good to know, thanks
by Nearly A Moose
Tue Sep 13, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: Visa Discount Air Benefit
Replies: 6
Views: 731

Re: Visa Discount Air Benefit

Is that also others' experiences? If so, this card seems a complete no-brainer even if you never step foot in a Ritz/Marriott. Keep in mind 1) That the R-C card has a $450 annual fee (there are other perks, but it's still significant), and 2) Chase also has the Chase Sapphire Reserve at the same fe...
by Nearly A Moose
Tue Sep 13, 2016 7:46 pm
Forum: Personal Consumer Issues
Topic: Visa Discount Air Benefit
Replies: 6
Views: 731

Re: Visa Discount Air Benefit

5th hit on google: http://thepointsguy.com/2016/08/booking-with-visa-infinite-airfare-discount/ Thanks. I actually read that site from time to time, but he's selling credit card referrals, so "trust but verify." TPG says this: "As can be seen in the above image, the prices shown on T...
by Nearly A Moose
Tue Sep 13, 2016 3:50 pm
Forum: Personal Consumer Issues
Topic: Visa Discount Air Benefit
Replies: 6
Views: 731

Visa Discount Air Benefit

Does anyone have experience with the "Visa Discount Air Benefit" offered on the updated Riz Carlton Rewards credit card? This is part of the new "Visa Infinite" program. It's advertised as letting cardholders get a $100 credit on multi-passenger airfare booked through the special...
by Nearly A Moose
Tue Sep 13, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of upside down car
Replies: 60
Views: 4159

Re: Getting out of upside down car

Follow the collective wisdom of this thread. Consider snow tires if you feel you need them or you notice that the "natives" have them. A key thing to remember is that up north, the towns and counties actually know how to handle snow. A big snowfall up North? Roads are salted in advance, sn...
by Nearly A Moose
Tue Sep 13, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Amending old tax return
Replies: 22
Views: 1430

Re: Amending old tax return

Of topic (but, hey, it's my thread :D ), I infer you're a tax attorney or accountant or something similar. I'm an attorney but not a tax attorney, and each year I keep thinking about volunteering with a pro bono walk-in tax prep clinic like Vita. From your perspective, do your "line level"...
by Nearly A Moose
Tue Sep 13, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Amending old tax return
Replies: 22
Views: 1430

Re: Amending old tax return

How painful is it to amend a 2014 federal and state (DC) tax return to add in a charitable contribution I forgot about? I itemized for 2014, 2015, and will do so for 2016. I've never amended a return before and am wondering if it's worth the hassle for a few hundred dollars. Presumably, amending 20...
by Nearly A Moose
Tue Sep 13, 2016 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Amending old tax return
Replies: 22
Views: 1430

Re: Amending old tax return

Keep in mind that if you deducted your 2014 state income taxes as an itemized deduction on your federal tax return, then any state refund you receive based on your amended state return will be included in your gross income subject to federal taxation in the year in which you receive it. (That is, o...
by Nearly A Moose
Mon Sep 12, 2016 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Amending old tax return
Replies: 22
Views: 1430

Re: Amending old tax return

Thanks, both of you.
by Nearly A Moose
Mon Sep 12, 2016 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Downpayment Question
Replies: 21
Views: 2171

Re: Downpayment Question

David1986 wrote:Thank you all very much! I will now be moving in with a good friend as you guys have brought me back down to reality. My 403b and I thank you!


Wise choice. Have fun living with your buddy, and sock away money like crazy. And good job avoiding getting in over your head. Being house poor sucks.
by Nearly A Moose
Mon Sep 12, 2016 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Education cost and kids
Replies: 64
Views: 5320

Re: Education cost and kids

I'll pay as much as I comfortably can. I'd probably expect my kids to take federal loans, assuming the rates are reasonable. Some combination of giving them a bit of skin in the game and experience managing money and paying loans (mostly the latter, really). If they decided they just had to be arts ...
by Nearly A Moose
Mon Sep 12, 2016 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Amending old tax return
Replies: 22
Views: 1430

Amending old tax return

How painful is it to amend a 2014 federal and state (DC) tax return to add in a charitable contribution I forgot about? I itemized for 2014, 2015, and will do so for 2016. I've never amended a return before and am wondering if it's worth the hassle for a few hundred dollars. Presumably, amending 201...
by Nearly A Moose
Mon Sep 12, 2016 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to understand Dependent Care FSA/taxes
Replies: 1
Views: 209

Re: Trying to understand Dependent Care FSA/taxes

My dependent care FSA runs with the calendar year, so I can't really speak to 2 and 3. As to question 1, when you submit an expense, it draws as much as in in your account. If your account is 0, it waits until there is money. I.e. If the expense is incurred on day 1, and the account gets funded on d...
by Nearly A Moose
Mon Sep 12, 2016 4:25 pm
Forum: Personal Consumer Issues
Topic: Slicer for Sweet Potato Fries
Replies: 12
Views: 1315

Re: Slicer for Sweet Potato Fries

A sharp, high quality chef's knife. Pay a bit more than you expected to, and sharpen it often. 10" if you're an average height man, 8" or 10" if a woman. Not trying to be cheeky, but really that's all you need. The kitchen gadget industry has bent over backwards to make us think we ne...
by Nearly A Moose
Mon Sep 12, 2016 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Where to place an emergency fund
Replies: 8
Views: 1583

Re: Where to place an emergency fund

Yeah, that's dumb. It's not inappropriate yield chasing to pick the savings account with the highways interest rate when it's otherwise the same service. Mine is in Ally. No-brainier.
by Nearly A Moose
Mon Sep 12, 2016 3:51 pm
Forum: Personal Consumer Issues
Topic: Christmas gift expectations
Replies: 61
Views: 4805

Re: Christmas gift expectations

This is nuts. Just don't do it. I'm inferring other might also object to your sister's actions, so you're probably doing everyone a favor by throwing cold water on this. If you play along this year, it will make it more likely this gets repeated next year and harder for you to back out then. Tell he...
by Nearly A Moose
Fri Sep 09, 2016 2:30 pm
Forum: Personal Consumer Issues
Topic: Personal Shopper/Service for Complicated Purchases
Replies: 14
Views: 1285

Re: Personal Shopper/Service for Complicated Purchases

For the stradivarius, what about reaching out to a university with a good art history or musical arts department, or to a performing arts school? I know this is legwork and not a personal shopper tip, but I could see a music professor or university museum curator being really into the idea of helpin...
by Nearly A Moose
Thu Sep 08, 2016 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: New money
Replies: 15
Views: 1903

Re: New money

Just invest it to your target AA. 10% is a nice boost but not that much of your overall portfolio.
by Nearly A Moose
Wed Sep 07, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting lake property with 2 other siblings
Replies: 60
Views: 5249

Re: Inheriting lake property with 2 other siblings

Whether or not it was intentional, the parents have given everyone advance notice of the proposal, and now it's up to the kids to collectively or individually provide their feedback. I think it's perfectly appropriate to have a conversation with the parents (OP's wife obviously has to be part of it)...
by Nearly A Moose
Tue Sep 06, 2016 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: need help on next investment steps
Replies: 12
Views: 994

Re: need help on next investment steps

That does sound like a high car loan rate. What's your monthly payment on it? Have you thought about knocking the loan out and then using the amount you're currently paying on the loan to instead automatically invest into a taxable account (or put it into a "buy the next car in cash" fund,...
by Nearly A Moose
Tue Sep 06, 2016 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: This would be a terrible mistake, right? [Convert all IRAs]
Replies: 20
Views: 2116

Re: This would be a terrible mistake, right?

Am I also missing something? Why is he wanting to pay taxes he doesn't have to? (He can pay mine instead if he just wants to pay taxes :P ) Wouldn't he want to do that -- if doing it at all -- in a year he has a lower marginal rate, not a higher one?
by Nearly A Moose
Tue Sep 06, 2016 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Alternatives to Quicken 2016?
Replies: 58
Views: 11423

Re: Alternatives to Quicken 2016?

We got Mac Quicken last December at my insistence and moved from a previous Windows version.[....] Thanks for the feedback. I don't know where I stand in the spectrum of Bogleheads, but I'm primarily interested in using whatever software I have for analyzing my investments rather than tracking expe...
by Nearly A Moose
Tue Sep 06, 2016 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: 529 for Second Child?
Replies: 4
Views: 890

Re: 529 for Second Child?

mhalley wrote:These are what Clark Howard says are the best plans:


Thanks, seems like I'm not completely off base here.

How do folks with two kids have their 529s structured, in particular if you're going beyond your state income tax deduction limits and thus aren't tied to your particular state?
by Nearly A Moose
Tue Sep 06, 2016 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: 529 for Second Child?
Replies: 4
Views: 890

529 for Second Child?

Greetings, All. We are expecting our second child at the beginning of 2017. I wanted to check my understanding of 529s for multiple children and get feedback on my proposed strategy. We (my wife and I) currently each have a 529 with our first child as the beneficiary (so, two 529s total). We live in...
by Nearly A Moose
Tue Sep 06, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Alternatives to Quicken 2016?
Replies: 58
Views: 11423

Re: Alternatives to Quicken 2016?

I think this is relate enough not to be hijacking the thread (but Mods please move if it's a problem): are there any Mac Quicken users out there? The reviews all make it sound like a "glorified check register", which is not something I need. I'm looking for a tool to track investments acro...
by Nearly A Moose
Thu Sep 01, 2016 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help selecting new HSA/PPO plan now that baby has arrived
Replies: 10
Views: 767

Re: Help selecting new HSA/PPO plan now that baby has arrived

I'll echo what others have said about doctors visits for a baby. You'll be there a lot. We have a toddler. I forget the first year checkup timetable, but it's something like a doctors visit at 2 days, 2 weeks, one month (maybe?), 6 months, and 1 year. There could also be some others in there, like 3...
by Nearly A Moose
Thu Sep 01, 2016 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Advice re: son's inheritance
Replies: 25
Views: 2875

Re: Advice re: son's inheritance

Since some folks have gotten worried about your statement that your son is not that interested in finances (I'll admit it gave me pause but I realize it could mean different things), I think it's great he has come to you for advice. I still go to my father for feedback on major financial plans and w...
by Nearly A Moose
Thu Sep 01, 2016 11:37 am
Forum: Investing - Theory, News & General
Topic: Deadspin - A Salute to John Bogle
Replies: 16
Views: 2551

Re: Deadspin - A Salute to John Bogle

Eh, it's Deadspin, what would you expect? Think of reading any article on that site as though you were having a conversation at a sports bar with that one friend from college who never really "refined" his language. I'm personally a fan of the site and am incredibly amused that I found thi...
by Nearly A Moose
Thu Sep 01, 2016 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone bought a home with Redfin?
Replies: 35
Views: 5010

Re: Has anyone bought a home with Redfin?

This is a very interesting thread, thanks for starting it. Has anyone used Redfin to but in a HCOL area? Are they helpful in navigating situations where the homes are priced in anticipation of escalation clauses and/or in assessing how competitive offers will be? Our experience was in a HCOLA durin...
by Nearly A Moose
Fri Aug 26, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: High income, confused, trying to get a plan in place.
Replies: 25
Views: 3475

Re: High income, confused, trying to get a plan in place.

I don't know much about Wealthfront or Betterment but will inquire and do my due diligence. Betterment beats Wealthfront on the fee front (no pun intended) by a significant margin. It seems that otherwise they offer similar services, but I haven't used either personally. I actually got very close t...
by Nearly A Moose
Thu Aug 25, 2016 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off low-interest student loan?
Replies: 4
Views: 429

Re: Pay off low-interest student loan?

Are you to the point where you're all set in the savings/investing front and you're just trying figure out what do with a marginal $15,000? If that's the case, then do what makes you happier. I'm thinking about doing that with the rest of my student loans this year (about 12k left at 4.3%) just to b...
by Nearly A Moose
Thu Aug 25, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: should a student invest for retirement?
Replies: 17
Views: 1881

Re: should a student invest for retirement?

Depends on interest rates if you are borrowing. I was borrowing at 6.8% as a student (federal rate at the time). Anything I put in the market was essentially investing on margin at 6.8%. Didn't seem like a great deal to me, even with the Roth opportunity. I think the vast majority of BH would take ...
by Nearly A Moose
Thu Aug 25, 2016 8:22 am
Forum: Personal Finance (Not Investing)
Topic: should a student invest for retirement?
Replies: 17
Views: 1881

Re: should a student invest for retirement?

If you (I'm assuming you're the student...) can get a Roth going, especially if you anticipate later having an income that would make you ineligible, consider starting and funding that. Since you can only add 5500 each year until you're much older, building that balance up could make sense. That sai...
by Nearly A Moose
Thu Aug 25, 2016 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Concerned I'm investing at peak
Replies: 31
Views: 4281

Re: Concerned I'm investing at peak

Standard response to all these "at its peak" questions: when do you think you'll need this money? 30 years from now? Do you really think that in 30 years, 8/24/16 will still be the peak of the US stock market? I assume you'll say no, so invest the money worry free. You don't care one bit w...
by Nearly A Moose
Thu Aug 25, 2016 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Windfall Investing Help
Replies: 10
Views: 1670

Re: Windfall Investing Help

Congrats! Consider thinking about the taxes owed as essentially money that has been lent to you by the Feds. You're their bank, so invest conservatively like one since you know exactly when they will call for their "deposit." It's not sexy, but consider splitting that amount across several...
by Nearly A Moose
Tue Aug 23, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone bought a home with Redfin?
Replies: 35
Views: 5010

Re: Has anyone bought a home with Redfin?

This is a very interesting thread, thanks for starting it. Has anyone used Redfin to but in a HCOL area? Are they helpful in navigating situations where the homes are priced in anticipation of escalation clauses and/or in assessing how competitive offers will be?
by Nearly A Moose
Mon Aug 22, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tips for Term [determining term insurance needs]
Replies: 10
Views: 942

Re: Tips for Term [determining term insurance needs]

I recognize you asked about the stacking/laddering strategy, but a quick comment of your wife, coming from someone with a young child and a working spouse: without a spouse at home, there are a *lot* of things that have to get outsourced or that otherwise will significantly affect your ability to wo...
by Nearly A Moose
Sat Aug 20, 2016 6:59 am
Forum: Personal Finance (Not Investing)
Topic: How to fund down payment on second home.
Replies: 14
Views: 1868

Re: How to fund down payment on second home.

just finished talking to a mortgage broker for a pre-qualification. He said that we need to step up our monthly income considerably. A annual draw from retirement accounts counts less than a steady income stream even though we don't need that income from IRA/annuities. It is odd that even though we...
by Nearly A Moose
Fri Aug 19, 2016 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Debt Free - Now What
Replies: 37
Views: 3846

Re: Debt Free - Now What

Do military folks get a match on TSP contributions? . No, they don't because of the current non-contributory pension currently in effect. But there are aperiodic efforts to reform the military retirement system to make it more "civilian like". One aspect of that is good because it would p...
by Nearly A Moose
Fri Aug 19, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: "How Should Younger Investors Think About Social Security?"
Replies: 34
Views: 4482

Re: Morningstar: "How Should Younger Investors Think About Social Security?"

How should young investors think about Social Security? Mostly as a bill in my view. As you approach your 60s you can start thinking about it as an income stream. But at 25? Nope. It's just a bill like the electric bill and your state income tax bill. For the young investor, when they approach thei...
by Nearly A Moose
Fri Aug 19, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Debt Free - Now What
Replies: 37
Views: 3846

Re: Debt Free - Now What

Do military folks get a match on TSP contributions? My wife is a civilian fed, so we enjoy the nice 5% bonus (lord knows she works hard enough to deserve much more than that, but I digress...). We also enjoy the funds - simple, low cost, and high quality. In fact, if you're looking for a "diffe...
by Nearly A Moose
Thu Aug 18, 2016 2:24 pm
Forum: Personal Consumer Issues
Topic: Identity Theft...be proactive, don't panic
Replies: 10
Views: 1353

Re: Identity Theft...be proactive, don't panic

Very good advice. I had identity theft back in 2013. Won't go into the details now but I filed a police report and the prosecutor took on this case. It was stolen credit card access checks. I wound up testifying before a jury panel. The crook had to do restitution. Dumb question, slightly OT: is th...
by Nearly A Moose
Thu Aug 18, 2016 12:17 pm
Forum: Personal Consumer Issues
Topic: Identity Theft...be proactive, don't panic
Replies: 10
Views: 1353

Re: Identity Theft...be proactive, don't panic

Very good advice. I had identity theft back in 2013. Won't go into the details now but I filed a police report and the prosecutor took on this case. It was stolen credit card access checks. I wound up testifying before a jury panel. The crook had to do restitution. Dumb question, slightly OT: is th...
by Nearly A Moose
Wed Aug 17, 2016 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help - How to deposit a check without endorsement?
Replies: 37
Views: 4264

Re: Help - How to deposit a check without endorsement?

I would probably have a trusted person forge my name, lol. +1. I suspect this is how most people would handle it. Don't make it too complicated. Plus 2. Give them access to your banking app or have them photograph and email you the checks (after all, it's not your account number on the check), and ...
by Nearly A Moose
Tue Aug 16, 2016 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Change needed and baby on the way
Replies: 9
Views: 1367

Re: Change needed and baby on the way

honestly any significant expense would negate that extra income. Unless there's some long-term upside to this rental property (eg you want to move to that specific house in the future, you think rental rates in that market are likely to increase significantly in coming years, etc.), seems like a go...
by Nearly A Moose
Tue Aug 16, 2016 3:04 pm
Forum: Personal Consumer Issues
Topic: Cordless battery powered yard tools?
Replies: 21
Views: 2036

Re: Cordless battery powered yard tools?

I use the Kobalt 40v tools for my small urban yard. Work great. If you're in the burbs, you might want more power. With Kobalt at least (and maybe the others), each tool comes with a battery and charger, so it's easy to keep 2 or 3 charged to work through the whole yard. I do not for a second miss w...
by Nearly A Moose
Tue Aug 16, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - New $10 ATM Fee Reimbursement Limit
Replies: 78
Views: 9578

Re: Ally Bank - New $10 ATM Fee Reimbursement Limit

I have the Schwab Investor Checking account and usually use a debit card and pay bills online. Once a month or so I use my debit card to get money from the ATM and Schwab reimburses all fees tied to the ATM. Not only am I happy with Schwab services they have some of the best customer service compar...
by Nearly A Moose
Mon Aug 15, 2016 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re:debt vs savings
Replies: 15
Views: 1329

Re: Need advice re:debt vs savings

Something to support the idea of pursuing both goals at once - and there's a term for this that I've all of a sudden forgotten and can't find in the wiki- although for most periods in the market, if you were to invest at year 1 and start drawing down at Year 20 or 30, you would have a substantially ...

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