Search found 750 matches

by SRenaeP
Wed Feb 22, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: new lowest price rental car vendor
Replies: 7
Views: 1013

Re: new lowest price rental car vendor

I just checked their site against two existing reservations. For some reason, they were unable to price either one and wanted me to engage with a customer service rep to proceed. Is this the norm?

-Steph
by SRenaeP
Wed Feb 22, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: HEL Interest
Replies: 5
Views: 474

Re: HEL Interest

But the interest is deductible on my HEL whereas the interest on the car loan would not be, correct? So I guess the essence of my question is what does it actually cost me to use my HEL to finance the purchase of the vehicle and deduct the interest? BF In your original post, you said you do not hav...
by SRenaeP
Wed Feb 22, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: HEL Interest
Replies: 5
Views: 474

Re: HEL Interest

The short answer is no. My suggestion is to pay cash unless you're liquidating your emergency fund. If you don't pay cash, car loans have lower interest rates than the HEL you referenced.

-Steph
by SRenaeP
Wed Feb 22, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Do companies match after-tax 401k contributions?
Replies: 32
Views: 4101

Re: Do companies match after-tax 401k contributions?

My employer offers 401k contribution matching (in addition to employer contributions that they make in any case, regardless of my contributions). I'm assuming that if I switch over to making after-tax contributions (for the purpose of doing a mega backdoor Roth), then I can expected the employer ma...
by SRenaeP
Tue Feb 21, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Contributions to a non-deductible tIRA vs. taxable
Replies: 18
Views: 1405

Re: Contributions to a non-deductible tIRA vs. taxable

Consider opening a solo 401k. Then roll the SEP-IRA into that. That will then clear the way for you to do backdoor Roth IRAs for you and DW. -Steph I guess I don't have a good grasp on this but, since I'm young (34 years old) and these are my peak earning years (i.e. when I retire I would expect to...
by SRenaeP
Tue Feb 21, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Contributions to a non-deductible tIRA vs. taxable
Replies: 18
Views: 1405

Re: Contributions to a non-deductible tIRA vs. taxable

Consider opening a solo 401k. Then roll the SEP-IRA into that. That will then clear the way for you to do backdoor Roth IRAs for you and DW.

-Steph
by SRenaeP
Mon Feb 20, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to decisively determine HCE status
Replies: 27
Views: 2796

Re: How to decisively determine HCE status

That said, if you are an "HCE", that means you cannot contribute to the limit otherwise allowed by the law. What your new max is, however, depends on the factors you mentioned, such as what proportion of the non-HCEs are contributing, how much they are contributing etc. That's not accurate. When yo...
by SRenaeP
Mon Feb 20, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: How to decisively determine HCE status
Replies: 27
Views: 2796

Re: How to decisively determine HCE status

That said, if you are an "HCE", that means you cannot contribute to the limit otherwise allowed by the law. What your new max is, however, depends on the factors you mentioned, such as what proportion of the non-HCEs are contributing, how much they are contributing etc. That's not accurate. When yo...
by SRenaeP
Mon Feb 20, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: part-time W2 vs 1099 income
Replies: 3
Views: 635

Re: part-time W2 vs 1099 income

Of course one thing to keep in mind here is it isn't ultimately the employers choice if she is an employee or contractor - there are IRS standards and you should always be wary when an employer suggests they can choose which way to pay you without verifying you meet the IRS requirements. This bears...
by SRenaeP
Fri Feb 17, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Individual IRA Contribution Clarification
Replies: 7
Views: 721

Re: Individual IRA Contribution Clarification

Thank you for your replies. I am not self-employed and do not run/own my own business. I am employed by a staffing firm who has me working with a large US company on an hourly basis (1099). The staffing firm does not offer any retirement savings plans and I cannot do anything with the company I am ...
by SRenaeP
Thu Feb 16, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Payoff vs. ANY Investing
Replies: 29
Views: 2238

Re: Student Loan Payoff vs. ANY Investing

I would suggest that you both contribute enough to get the match. Then look into SoFi or similar so you can refinance the student loan to a better rate.

-Steph
by SRenaeP
Thu Feb 16, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Progress Made - What Now? (Pay off cheap mtg or invest)
Replies: 31
Views: 4412

Re: Progress Made - What Now? (Pay off cheap mtg or invest)

Check your 401k plans to see if a mega backdoor Roth is possible. If so, I'd max those out then refi the 5.125% rental mortgage.

-Steph
by SRenaeP
Wed Feb 15, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: How do you handle switching your handbag?
Replies: 62
Views: 5659

Re: How do you handle switching your handbag?

I think you need to switch your approach. It's very unlikely that one purse or bag is appropriate for every outfit you wear during the course of a year, even if we are only confining this to day time office attire (which it doesn't sound like you are). It depends on your workplace. While carrying t...
by SRenaeP
Wed Feb 15, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575987

Re: What's Your Credit Card Rewards Strategy?

I came across this today and it seems timely. Free access (today 2/15 only) to a points/miles webinar series - http://heelsfirsttravel.boardingarea.com/2017/02/14/act-fast-100-off-guide-to-points-miles-course/ I have no prior knowledge of the course or its usefulness but plan to check it out tonight...
by SRenaeP
Wed Feb 15, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: How do you handle switching your handbag?
Replies: 62
Views: 5659

Re: How do you handle switching your handbag?

I would not say you are lazy; just practical. I have to store my bags, and that's a nuisance. Because I am well supplied with hand bags, I rotate them with the seasons. I switched out of my Christmas bag into a leather hand bag for Winter. When Spring comes, I'll probably swap the leather one for s...
by SRenaeP
Wed Feb 15, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: Pop Quiz and Rant - Do you know what ICE stands for?
Replies: 19
Views: 2172

Re: Pop Quiz and Rant - Do you know what ICE stands for?

I frequently walk my dogs in remote areas and thought it might be a good idea to put my ICE info into my new smart phone. In my vivid imagination I envision being unconscious, turning blue and along comes a would be rescuer. Hopefully, they have their own phone and call 911, of course I wonder if/h...
by SRenaeP
Tue Feb 14, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Mint/Financial Organization/Credit Card Travel Hobby
Replies: 10
Views: 1228

Re: Mint/Financial Organization/Credit Card Travel Hobby

I've been using MS Money for years so I have continued to update that with any new credit cards. I don't receive any paper statements. I also keep a virtual sticky note on the desktop of my home computer. It lists minimum spend amount required/date required/current status as well as necessary cancel...
by SRenaeP
Tue Feb 14, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: New car purchase
Replies: 12
Views: 2066

Re: New car purchase

It depends on the dealership. When I purchased vehicles in 2007 and 2014, the various dealers would only allow $5k to be charged. However, a coworker was recently able to charge ~$20k at another dealership.

-Steph
by SRenaeP
Mon Feb 13, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: House Flipping Question
Replies: 4
Views: 1172

Re: House Flipping Question

...I would never consider such an arrangement unless I had the time to visit the worksite daily and had a lot of previous construction and real estate knowledge so I could play a prominent role in decisions. And even then, I can think of much less risky things to do with my money.... +1 Tarek and C...
by SRenaeP
Mon Feb 13, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: santander bank bonus
Replies: 14
Views: 2617

Re: santander bank bonus

I signed up for the $150 bonus a few months ago. I've met all the requirements but haven't gotten the bonus yet. I just sent them an e-mail about it last night.

-Steph
by SRenaeP
Mon Feb 13, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: What triggers a wave of credit offers?
Replies: 8
Views: 1508

Re: What triggers a wave of credit offers?

furwut wrote:I think its seasonal. I've been getting them too. This time of year perhaps credit card issuers find people easily enticed with balance transfer offers.
I think this is it. I've seen a lot of offers lately that refer to paying off (really just transferring) holiday bills and such.

-Steph
by SRenaeP
Mon Feb 13, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Requesting Advice re: Finding Tax Preparer After Burglary
Replies: 7
Views: 1370

Re: Requesting Advice re: Finding Tax Preparer After Burglary

Thank you both for your replies jumppilot and neilpilot . My thought was that there was the possibility of some sort of capital gain based on net worth with us getting a laptop that is worth more than the one we had due to depreciation. Then again, I hadn't figured out the math and kind of doubt we...
by SRenaeP
Mon Feb 13, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance - How much is too much?
Replies: 11
Views: 1827

Re: Homeowners Insurance - How much is too much?

Note that assessed value is not necessarily the same as FMV. Where I live, the assessed value is 40% of the FMV.

Also, the insurance value is typically more than FMV. The insurance company assumes a total loss which would cover demo, etc. in addition to the cost to rebuild.

-Steph
by SRenaeP
Sun Feb 12, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575987

Re: What's Your Credit Card Rewards Strategy?

I will revise my original comment to say a Star Alliance hub vs just MIA. Given that I *don't* live near an SA hub, it's not worth it for me. I would much rather take one 8-9 hour nonstop flight than significantly increase my flight time by adding connections, even if it is 'free'. -Steph Your same...
by SRenaeP
Fri Feb 10, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575987

Re: What's Your Credit Card Rewards Strategy?

Anyone have any experience with the new Avianca credit card (https://www.lifemilescreditcard.com/WLInternet/avianca.aspx#!)? I am looking at a family trip to South America, seems like a good card to get - 60,000 points. I hadn't heard of this card but just looked it up. Assuming you're based in the...
by SRenaeP
Fri Feb 10, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575987

Re: What's Your Credit Card Rewards Strategy?

Anyone have any experience with the new Avianca credit card (https://www.lifemilescreditcard.com/WLInternet/avianca.aspx#!)? I am looking at a family trip to South America, seems like a good card to get - 60,000 points. I hadn't heard of this card but just looked it up. Assuming you're based in the...
by SRenaeP
Thu Feb 09, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575987

Re: What's Your Credit Card Rewards Strategy?

Anyone have any experience with the new Avianca credit card (https://www.lifemilescreditcard.com/WLInternet/avianca.aspx#!)? I am looking at a family trip to South America, seems like a good card to get - 60,000 points. I hadn't heard of this card but just looked it up. Assuming you're based in the...
by SRenaeP
Thu Feb 09, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575987

Re: What's Your Credit Card Rewards Strategy?

Not necessarily. I got the 30 day message and eventually got approved without calling. Chase sent a letter stating they would need to reconfigure my credit lines before approving the card and to let them know if I didn't agree. -Steph Steph, how quickly were you notified of the reconfigured credit ...
by SRenaeP
Thu Feb 09, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Converting Roth to Traditional IRA?
Replies: 16
Views: 1208

Re: Converting Roth to Traditional IRA?

aristotelian wrote:
Other possibilities to look into would be voluntary contribution to 401k, HSA, charitable donation, 529 contribution for yourself or family member, etc.
It's too late to make 401k contributions or donations for TY2016.

-Steph
by SRenaeP
Thu Feb 09, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575987

Re: What's Your Credit Card Rewards Strategy?

Not necessarily. I got the 30 day message and eventually got approved without calling. Chase sent a letter stating they would need to reconfigure my credit lines before approving the card and to let them know if I didn't agree. -Steph Steph, how quickly were you notified of the reconfigured credit ...
by SRenaeP
Wed Feb 08, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575987

Re: What's Your Credit Card Rewards Strategy?

I tried for CSR by becoming Chase Private client and got turned down. Very disappointing. Sorry to hear that. Did Chase tell you immediately or only some time after you became a CPC? SO applied for CSP online. Decision is pending, which is a bit disconcerting. Response said that decision could take...
by SRenaeP
Wed Feb 08, 2017 8:38 am
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 38
Views: 3230

Re: Best way to fund your Donor Advised Fund

Thanks to all for the discussion/advice. I got the brokerage information from my charity of choice and have now completed the form to donate the shares from Vanguard. My only complaint would be that I actually have to sign/mail a paper form vs doing it online but I would suspect Vanguard has a good ...
by SRenaeP
Wed Feb 08, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Prepaid debit card to use in Europe?
Replies: 5
Views: 849

Re: Prepaid debit card to use in Europe?

I haven't used it but I've heard good things about the Travelex Cash Passport card.

https://www.travelex.com/cash-passport

-Steph
by SRenaeP
Wed Feb 08, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Is it better to get a mortgage from a local/small lender?
Replies: 27
Views: 3335

Re: Is it better to get a mortgage from a local/small lender?

You should go with the lender offering you the best rate, whether it's a local one or not. Most banks re-sell mortgages on the secondary mortgage market anyway. So it's likely that regardless of which bank you use, you'll one day receive a letter informing you that a different bank now owns your ho...
by SRenaeP
Wed Feb 08, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: WSJ Digital Subscription - a bargain!
Replies: 114
Views: 39445

Re: WSJ Digital Subscription - a bargain!

An aside for those who plan to let their magazine subscriptions lapse - if you still would like to read the magazines, check with your local library. I have digital access to a number of magazines (including Kiplinger, since I saw that mentioned).

-Steph
by SRenaeP
Sat Feb 04, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 401k and Taxable Investing
Replies: 10
Views: 1686

Re: Help with 401k and Taxable Investing

I make an extra payment every year on my mortgage, that should bring the total payment down a few years. Do you think its still wise to refi? My husband and I are probably close to the high end of the 28% tax bracket, so I'll have to redo the calculations to see if it works in our favor to switch t...
by SRenaeP
Fri Feb 03, 2017 8:41 pm
Forum: Local Chapters and Bogleheads Community
Topic: Metro Atlanta Bogleheads Local Chapter
Replies: 66
Views: 14592

Re: Metro Atlanta Bogleheads Local Chapter

Thanks to everyone who came out to the last meeting! I just realized that we neglected to select a topic for the next meeting. Feel free to post any suggestions here or e-mail me at atlantabogleheads at {Google's e-mail service}.

-Steph
by SRenaeP
Fri Feb 03, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: High Car Insurance VS Umbrella Insurace
Replies: 16
Views: 3053

Re: High Car Insurance VS Umbrella Insurace

Also, consider taking a defensive driving course. This will lower your premium. The certification lasts for three years, IIRC, and is only ~$50.

-Steph
by SRenaeP
Fri Feb 03, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 38
Views: 3230

Re: Best way to fund your Donor Advised Fund

Do you only donate appreciated shares if you were going to sell them anyway? If not, it seems (and I may be oversimplifying) that you're saving a little on taxes now in lieu of saving a lot on taxes later. -Steph You can always buy the securities back with money you set aside for the charity. You g...
by SRenaeP
Fri Feb 03, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 38
Views: 3230

Re: Best way to fund your Donor Advised Fund

mcraepat9 wrote:
(b) seems better
Can you elaborate? All the comparisons I've seen compare donating stock vs selling the stock then donating cash. I haven't seen any numbers for donating cash and continuing to hold the stock.

-Steph
by SRenaeP
Fri Feb 03, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 38
Views: 3230

Re: Best way to fund your Donor Advised Fund

Do you only donate appreciated shares if you were going to sell them anyway? If not, it seems (and I may be oversimplifying) that you're saving a little on taxes now in lieu of saving a lot on taxes later. -Steph You can always buy the securities back with money you set aside for the charity. You g...
by SRenaeP
Fri Feb 03, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 33209

Re: Annual Vacation Budget

"I use my American Express and chase aapphire exclusively through the year and put every purchase on it, even utilities." I am curious where in the US you can put utility bills on a cc without triggering and extra fee? We will be relocating in the future and never considered that some utilities wou...
by SRenaeP
Fri Feb 03, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 33209

Re: Annual Vacation Budget

Value: about 40k annually Actual spent: about 10-12k annually I use my American Express and chase aapphire exclusively through the year and put every purchase on it, even utilities. I usually end up ammasing several hundred thousand points, which I turn into first class international airfare and 5 ...
by SRenaeP
Fri Feb 03, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Help with 401k and Taxable Investing
Replies: 10
Views: 1686

Re: Help with 401k and Taxable Investing

Since you're in the 28% bracket now, I would consider shifting your 401k contributions to pre-tax. This would probably drop you down into the 25% tax bracket. Then with the improved cash flow, I'd refi the mortgage to a 10 year to get a lower interest. Only then would I contribute to a taxable accou...
by SRenaeP
Fri Feb 03, 2017 8:00 am
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 38
Views: 3230

Re: Best way to fund your Donor Advised Fund

Real life transaction example: Bought a mutual fund for $4000. Value went down to $3000 Tax-loss harvested $1000: Savings of $400 at my tax rates Invested in similar but slightly different fund Held for 1 year, 1 month Value went up to $5200 Donated to my donor-advised fund. Savings of $2080 at my ...
by SRenaeP
Thu Feb 02, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: Looking for advice on a reading device
Replies: 13
Views: 1389

Re: Looking for advice on a reading device

I prefer to read books on my old Kindle e-reader. The e-ink allows me to read without any eye strain. I read magazines on my Kindle Fire tablet. If reading is your primary use for the device, I would go with one of the Kindles rather than paying a premium for an iPad. -Steph You can buy both a Kind...
by SRenaeP
Thu Feb 02, 2017 8:14 am
Forum: Personal Consumer Issues
Topic: Looking for advice on a reading device
Replies: 13
Views: 1389

Re: Looking for advice on a reading device

I prefer to read books on my old Kindle e-reader. The e-ink allows me to read without any eye strain. I read magazines on my Kindle Fire tablet. If reading is your primary use for the device, I would go with one of the Kindles rather than paying a premium for an iPad.

-Steph
by SRenaeP
Wed Feb 01, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Get $250 from Wells Fargo
Replies: 83
Views: 15060

Re: Get $250 from Wells Fargo

FYI. be careful, if you haven't already applied, the wording about who is eligible has changed. http://www.doctorofcredit.com/wells-fargo-250-checking-bonus-adds-new-targeted-language/ Looks like I got in under the wire. I just signed up a few days ago. At first I wasn't going to because I hate WF ...
by SRenaeP
Wed Feb 01, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Spendthrift Daughter
Replies: 44
Views: 5006

Re: Spendthrift Daughter

Wow. What a slap in the face... If there is no rift in the family now, it will certainly cause one. I would think it would only cause a rift between the daughter and deceased father. I'm kind of in the same boat, only I am single, no kids and I have a couple spend thrift sisters that I don't want t...
by SRenaeP
Tue Jan 31, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 33209

Re: Annual Vacation Budget

Based on my reading, I think many people are reporting a one year vacation spending, not the annual vacation budget as the thread title said. I'm not sure I understand your comment. Are you saying one year vacation spending = actuals vs budget = planned? If that is indeed the case, perhaps it's bec...