Search found 470 matches

by mnnice
Fri Dec 21, 2012 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Buying new car, what is your strategy?
Replies: 42
Views: 5736

Re: Buying new car, what is your strategy?

I've never seen the math work out so that leasing is doing anything other than gaining a short-term cash flow advantage at the expense of long-term higher costs. Show me the math that purchasing any car is less than $200 per month, no matter how long you own it. Please include purchase price, tax, ...
by mnnice
Wed Dec 19, 2012 9:28 am
Forum: Personal Consumer Issues
Topic: Can't think of x-mas gift to give wife...
Replies: 44
Views: 4847

Re: Can't think of x-mas gift to give wife...

I agree with a pp that said once you have a joint account gifts change. I also suspect you are struggling with this because she has a less gift oriented love language than you do. Most likely there is not a retail shopping experience that will fit the bill. I would way rather be show love by affecti...
by mnnice
Tue Dec 11, 2012 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Remote closing and POA
Replies: 7
Views: 765

Re: Remote closing and POA

We sold a house in May 2012 several weeks after we had moved. Neither DH or I was present for the closing and IIRC we did not have a POA signed either. We did have several documents that needs to be signed, notrarized, and sent overnight to the title company the day before the closing and we paid to...
by mnnice
Mon Dec 10, 2012 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Saving to Payoff Mortgage Early-Need Suggestions
Replies: 27
Views: 2481

Re: Saving to Payoff Mortgage Early-Need Suggestions

Not many folks will get a mortgage interest deduction with a rate 2.65. Even with no mortgage I pay property taxes and state income taxes and give to charity. Don't you? I almost itemized last year when I didn't own a house. The standard deduction was more than itemizing when dh and I were home own...
by mnnice
Mon Dec 10, 2012 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Saving to Payoff Mortgage Early-Need Suggestions
Replies: 27
Views: 2481

Re: Saving to Payoff Mortgage Early-Need Suggestions

Not many folks will get a mortgage interest deduction with a rate 2.65.
by mnnice
Mon Dec 10, 2012 11:12 am
Forum: Personal Finance (Not Investing)
Topic: transmission failure: 2003 honda odysee with 172k miles
Replies: 36
Views: 3756

Re: transmission failure: 2003 honda odysee with 172k miles

Do you park it outside in Minneapolis and wash it once a decade?

Or do you lovingly wash it and live in Charlotte?
by mnnice
Sat Nov 17, 2012 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security strategy for self-employment income
Replies: 4
Views: 964

Re: Social Security strategy for self-employment income

I did some more checking we are both solidly in the 32% PIA range. I doubt it really makes all that much differance as I doubt DH has 20 plus years of corporate life in him. I also doubt I'll stay home long term either. Sooner or later we will have a farm and some farm income either earned or unearn...
by mnnice
Fri Nov 16, 2012 3:50 pm
Forum: Personal Consumer Issues
Topic: What Advice Would You Give Your 30yo Self?
Replies: 70
Views: 8140

Re: What Advice Would You Give Your 30yo Self?

1. Don't buy a house in a subdivision because it is too conformist for you and your spouse. You would like a smaller, cheaper, older house close to the park and the library more. 2. Don't have a hospital birth. A home birth is just as safe and way more pleasant. 3. Don't let the stress and work of t...
by mnnice
Wed Nov 14, 2012 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security strategy for self-employment income
Replies: 4
Views: 964

Re: Social Security strategy for self-employment income

Thanks sscritic

Your response makes sense.

We most defintely would assign the first several thousand to me.
by mnnice
Wed Nov 14, 2012 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security strategy for self-employment income
Replies: 4
Views: 964

Social Security strategy for self-employment income

I quickly checked the Wiki's but I didn't find anything relevant. DH and I are comtemplating starting a small business together in 2013. DH would continue to work full-time and we would run the side business together sharing the actual work roughly evenly. I would have none or very little paid emplo...
by mnnice
Thu Nov 08, 2012 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off-Health Insurance Needed
Replies: 83
Views: 5846

Re: Laid off-Health Insurance Needed

You don't' necessarially need to sign up for COBRA the day your employee sponsored coverage ends in order to participate in COBRA. I think you get about 60 days to sign up. Your soon to be former employer will give you forms before your last day. We had a situation earlier this year with a job chang...
by mnnice
Thu Oct 25, 2012 1:01 pm
Forum: Personal Consumer Issues
Topic: The Let's-Sell-Our-House- And-See-the-World Retirement - WSJ
Replies: 78
Views: 9142

Re: The Let's-Sell-Our-House- And-See-the-World Retirement -

I thought the article was interesting as well as the discussion on the thread. I envision a retirement when DH and I have an empty nest that involves seeing the world in a much cheaper fashion (i.e. my bucket list includes being the volunteer lighthouse keeper in a national lakeshore area and hiking...
by mnnice
Sun Oct 14, 2012 6:58 pm
Forum: Personal Consumer Issues
Topic: Honda Civic as a family car
Replies: 57
Views: 11461

Re: Honda Civic as a family car

[When I had a kiddo in a rear facing seat and owned a Civic I had him in the center position (no idea if that is the recommended placement) and I could usually reach him if I needed to my right hand which would be an advantage over any minivan. No airbag is situated in the middle of a car, to my kn...
by mnnice
Sun Oct 14, 2012 6:48 pm
Forum: Personal Consumer Issues
Topic: Honda Civic as a family car
Replies: 57
Views: 11461

Re: Honda Civic as a family car

The last I heard that children under 14 are supposed to sit in the back. That's the silliest thing I've ever heard. While I didn't make it up it was/is an american academy of pediatrics research based recommendation. http://www.healthychildren.org/English/safety-prevention/on-the-go/pages/Air-Bag-S...
by mnnice
Sun Oct 14, 2012 4:24 pm
Forum: Personal Consumer Issues
Topic: Honda Civic as a family car
Replies: 57
Views: 11461

Re: Honda Civic as a family car

A car with a bench seat would allow you to place the child up front, between you and your spouse. I think the Chevy Impala has a bench seat. This is a horrible idea. It is very dangerous to have a child in rear facing child seat sitting in the front because if the air bag was to be deployed it push...
by mnnice
Tue Oct 09, 2012 2:43 pm
Forum: Personal Consumer Issues
Topic: How often do I need to drive a seldom-used truck?
Replies: 15
Views: 2914

Re: How often do I need to drive a seldom-used truck?

Not that it is your orginal question, but it sounds like an awful nice truck to just sit there.

Could you rent, use a zip car or call a taxi when you need a vehicle?
by mnnice
Sat Oct 06, 2012 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Long-term care insurance: terminated coverage?
Replies: 25
Views: 1992

Re: Long-term care insurance: terminated coverage?

I let the coverage that DH and I had as an employee benefit lapse when my employee both stopped playing the premium and they changed to much lower quality provider. Anyway given our ages at the time 42 and 43 and that they wanted $150 per month in premiums to replace what we had we passed. The insur...
by mnnice
Wed Oct 03, 2012 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Specifying beneficiaries for different scenarios
Replies: 52
Views: 2222

Re: Specifying beneficiaries for different scenarios

When DH and I wrote our wills we where encouraged by the attorney we used to select guardians and put assets in a trust with a trust company as an administrator. Part of his reasoning was that he had seen guardians be indulgent (sometimes way overindulgent) of children in their care because the poor...
by mnnice
Tue Oct 02, 2012 2:00 pm
Forum: Personal Investments
Topic: What would you do - $450K in farm land
Replies: 28
Views: 3559

Re: What would you do - $450K in farm land

The farm consists of 60 acres tillable, 60 acres wood and 9 acres miscellaneous. The tenant plants corn or soybeans and we have no idea what the yield is. Fair value is approximately $275 / acre while my mother is charging approximately $125 / acre. I would not sell the farm. What is she going to p...
by mnnice
Sun Sep 30, 2012 3:10 pm
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 6211

Re: The Difficult Tale of Budget Cutbacks

First I think a couple of the biggest parts of this situation are not really about money. You were questioning the time commitment of 5 or 6 days of swimming per week. On its face value it sounds like a big time commitment for a ten year old. Last year my son (who is also ten) was on a Pop Warner fo...