Search found 1223 matches

by jfn111
Thu Mar 12, 2020 6:22 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 366
Views: 32907

Re: How much you lost/gain since Feb 20,2020 ?

-5.8% 40/60 AA
by jfn111
Wed Mar 11, 2020 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 issue- Company reports income as fee PLUS reimbursables
Replies: 5
Views: 295

Re: 1099 issue- Company reports income as fee PLUS reimbursables

I receive 2- 1099's one for selling real estate and one for appraisal work. I give my CPA a spreadsheet that lists everything I can write off including parking, mileage, closing gifts, office supplies, CE credits etc.. These expenses aren't broken down by house sold or appraisal job. The CPA only wa...
by jfn111
Wed Mar 04, 2020 2:16 pm
Forum: Personal Consumer Issues
Topic: House on the market in June, move-out in Oct/Nov?
Replies: 25
Views: 2087

Re: House on the market in June, move-out in Oct/Nov?

You could list and insist on closing later or renting the house back (so new owners could enroll in that school district). My parents sold their house in Aug with Feb 22 closing and Mar 1 procession. Had 15% of the price in earnest. That will only work with very specific buyers. Most buyers want to...
by jfn111
Sat Feb 29, 2020 8:16 pm
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 379
Views: 27609

Re: Disappointed in forum members

jb1 wrote: Sat Feb 29, 2020 8:15 pm I’m 29, and buying more. Although this could be the start of my first down market, I'll ride it out and buy more.

I’m 100% equities. I’m sure in 30 years it’ll just be a bump in the road.
I'm 63 and buying more. :sharebeer
by jfn111
Sat Feb 29, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block tax cut help
Replies: 1
Views: 225

Re: H&R Block tax cut help

I figured it out. You put Various in line 8.
by jfn111
Sat Feb 29, 2020 6:48 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block tax cut help
Replies: 1
Views: 225

H&R Block tax cut help

I'm helping my kid do his taxes and ran into a snag. The 1099 Div form from Wells Fargo Advisors shows $14.22 in foreign tax paid in box 7. Box 8 says "see details" in it but the details tell me "This box should be left blank if the RIC reported the foreign tax shown in box 7." T...
by jfn111
Fri Feb 28, 2020 8:28 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 514
Views: 51161

Re: Who's buying today? where's all the "dry powder" folks at? :)

I started this year at 40/60. I had decided to go 50/50 this year so I started buying on Wed. I'm now 45/55 so I'll keep buying next week whether the markets up or down.
by jfn111
Thu Feb 27, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: What minimum interest rate on debt do you always pay off ASAP?
Replies: 8
Views: 652

Re: What minimum interest rate on debt do you always pay off ASAP?

We paid off our house about 10 years ago and ever since I've enjoyed being debt free. We paid cash for our last car and it might have been advantageous to take a low interest loan but I just feel better having things paid off. YMMV :happy
by jfn111
Thu Feb 27, 2020 8:41 am
Forum: Personal Finance (Not Investing)
Topic: logistics of buying house with "cash"
Replies: 20
Views: 2663

Re: logistics of buying house with "cash"

Different Title companies have different standards. Some will take a cashiers check for the whole amount and others will require a wire transfer for an amount over $10,000. (Plus or minus). Always get your wire transfer information directly from the Title company. It's safest to use a two step proce...
by jfn111
Wed Feb 19, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: HOA violations surviving closing
Replies: 21
Views: 2479

Re: HOA violations surviving closing

Since you already bought the house and plan on staying you are in the drivers seat. Make the repairs and submit the receipts. If there is excess money eventually he will get tired of waiting and release the amount your owed.
by jfn111
Tue Feb 18, 2020 3:36 pm
Forum: Personal Consumer Issues
Topic: Perform own oil change pros & cons?
Replies: 224
Views: 11540

Re: Perform own oil change pros & cons?

I used to do all my own oil changes until my hand slipped off the filter removing wrench. A trip to the emergency room and 5 stitches latter...I now go to Rapid oil change. :oops:
by jfn111
Mon Feb 17, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: How to just find a house online and buy it directly from the listing realtor?
Replies: 33
Views: 3074

Re: How to just find a house online and buy it directly from the listing realtor?

There is nothing wrong with your plan. Whether or not you get much of the 2.5%-3% rebated will depend on your negotiating skills. Listing agents don't like to work with unrepresented buyers unless it puts more cash in their pocket.
by jfn111
Fri Feb 14, 2020 8:41 am
Forum: Investing - Theory, News & General
Topic: Zero Stocks In Retirement
Replies: 79
Views: 6110

Re: Zero Stocks In Retirement

My sister survives on an AA of 0/Social Security/jfn111. :shock:
by jfn111
Wed Feb 05, 2020 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Home Buying Lender Question
Replies: 5
Views: 480

Re: Home Buying Lender Question

In my market the lender can make a huge difference. A good local lender that has a reputation of strong pre-approvals and on time closings can make the difference between getting a close offer accepted.
by jfn111
Wed Feb 05, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

These are employer provided wellness incentives. There is an article about them here: https://shrm.org/resourcesandtools/hr-topics/benefits/pages/wellness-incentives-taxable.aspx I would also read the IRS memo linked in the article for more information. There appears to be some IRS research and scr...
by jfn111
Wed Feb 05, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

@cas is 100% correct. Just like an IRA, the individual owns the HSA account. HSA employer contributions immediately become the owners assets with no expiration. Once employer contributions are made to the account the employer may not remove them except under very limited circumstances: The employer...
by jfn111
Wed Feb 05, 2020 10:02 am
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

This is odd, OP. I can see that it says HSA, but it sounds more like the HRA my wife's work offers, where she can earn "play money" for wellness activities that is like cash for reimbursing medical expenses. Hers rolls over from year to year, but she would lose the "balance" if ...
by jfn111
Wed Feb 05, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

I'll be the first to admit I didn't pay much attention to this until the latter part of last year. I went through the hoops and it was showing a $500 balance in December. When I logged in in January the balance was zero. The wife and I took the online survey and $600 ($300 for each of us) is showin...
by jfn111
Wed Feb 05, 2020 9:05 am
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

Why do you think that you can't contribute to this account? (It is an entirely different situation depending on whether you say "Because I'm retired, so there is no salary to do payroll deduction on" or "Because they sent me a letter that said 'Thou art not permitted to make your own...
by jfn111
Wed Feb 05, 2020 8:32 am
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

Is this the first year of retirement? If not, what happened in 2019 with regards to any doctor visits you took and the money that was deposited into that account? I've been retired for 8 years. Wellness visits are covered 100% so I haven't had any co-pays. The money in the account goes back to zero...
by jfn111
Wed Feb 05, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

It is possible that it is an HRA arrangement. When I retired, prior to going on Medicare I had an HSA-compliant retiree medical plan. The year I became eligible for Medicare (but prior to going onto Medicare) they transitioned me to an HRA plan. After I went to Medicare they continued to deposit mo...
by jfn111
Wed Feb 05, 2020 8:24 am
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

The behavior of the account that you are describing sounds like an HRA (Health Reimbursement Account), not an HSA (Health Savings Account). But the word "HSA" does seem to appear in the screenshot you (sort of) posted. The screenshot is difficult to interpret, though, since only unformatt...
by jfn111
Tue Feb 04, 2020 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

I think it gets confusing because it's an HSA that employees can contribute to through their paychecks but as a retiree I can't contribute. Are you still covered by that HDHP plan, or are you on Medicare or any other health insurance? Because if you’re not an HSA-eligible individual then nobody els...
by jfn111
Tue Feb 04, 2020 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

I think it gets confusing because it's an HSA that employees can contribute to through their paychecks but as a retiree I can't contribute. A screen shot Save, earn or score toward your 2020 awards Your MotivateMe® program is designed using specific goals that reward you for healthy actions you take...
by jfn111
Tue Feb 04, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

if is indeed an HSA, eventually you will get a 1099 for any distributions and you will end up reporting it on Form 8889 on your taxes. If used for qualified medical expenses (dental and vision are qualified) it won't affect your tax return but must be reported. Thank you. Do I need to save the rece...
by jfn111
Tue Feb 04, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

jebmke wrote: Tue Feb 04, 2020 9:09 pm Normally HSAs don't expire. Are you sure it is an HSA and not an FSA?
That's a good question. When they send communication they say- "Welcome to your Cigna choice fund health savings account".
On line-they just refer to it as "incentive awards".
by jfn111
Tue Feb 04, 2020 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

Re: HSA Confused

Lucky you getting that free money :) If you have a rewards/cash-back credit card, you'd get a few extra bucks by paying with credit card and then filing for reimbursement afterwards from your HSA. It's a bit of work but might be worth it. Or just use your HSA card; it can be that simple. Thank you :D
by jfn111
Tue Feb 04, 2020 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Confused
Replies: 32
Views: 1456

HSA Confused

I have a rather weird HSA savings account. As a retiree I can't contribute to it but I get dollars every year for things like getting a physical and answering a health survey. The money expires at the end of the year. I have to admit I've never used it but it finally dawned on me I'm letting free mo...
by jfn111
Sun Jan 26, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Advice for selecting our first home
Replies: 21
Views: 1003

Re: Advice for selecting our first home

My advice would be to look a as many (dozens) of homes before you make an offer on your first home. The mistake most first time buyers make (I’m guilty too) is exactly that. Not withstanding the low inventory out there right now and the pressure you will feel to jump on the first house you really l...
by jfn111
Thu Jan 23, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 41
Views: 3074

Re: How much house can we afford?

You can put in a contingent offer to buy the house based on selling your old house. Depending on your local market, this could be ok or make a seller skip your offer. You could sell your house and lease it back while waiting a few weeks to close on new house. This is all market specific of course b...
by jfn111
Thu Jan 23, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 41
Views: 3074

Re: How much house can we afford?

You can put in a contingent offer to buy the house based on selling your old house. Depending on your local market, this could be ok or make a seller skip your offer. You could sell your house and lease it back while waiting a few weeks to close on new house. This is all market specific of course b...
by jfn111
Mon Jan 20, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 116
Views: 11625

Re: Career change at 47

It's pretty easy to make $20,000 a year as a home inspector. (Probably 2 inspections per week). The best inspectors I work with are former GC's. They know what to look for as far as shoddy work or potential problems down the road. I have thought of that but in my dealings with them and realtors, th...
by jfn111
Mon Jan 20, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 116
Views: 11625

Re: Career change at 47

It's pretty easy to make $20,000 a year as a home inspector. (Probably 2 inspections per week).
The best inspectors I work with are former GC's. They know what to look for as far as shoddy work or potential problems down the road.
by jfn111
Mon Jan 13, 2020 5:54 pm
Forum: Personal Investments
Topic: Periodic Withdrawals
Replies: 12
Views: 769

Re: Periodic Withdrawals

Everyone does it differently but I took out a chunk of money in January, about 1.6% of the portfolio. If I need more later in the year I'll make another withdrawal. Last year I didn't need a second withdrawal but I may buy a new car this year.
by jfn111
Mon Jan 13, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Offer for a house
Replies: 34
Views: 2213

Re: Offer for a house

A verbal offer is worth nothing. A written offer with a strong pre-approval is the only offer we will even consider.
by jfn111
Mon Jan 13, 2020 10:42 am
Forum: Personal Consumer Issues
Topic: What is owed to realtor?
Replies: 17
Views: 2594

Re: What is owed to realtor?

You don't owe the previous agent anything if you didn't sign a Buyer's Rep agreement and he/she is not the procuring cause for the house purchase.
I work with some clients without an exclusive agreement, mainly investors, and it's a chance the agent takes that they won't get paid for their efforts.
by jfn111
Sat Jan 11, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone sold a home to Zillow?
Replies: 26
Views: 5227

Re: Has anyone sold a home to Zillow?

I posted details in another thread but the basics are- Zillow was right on value based on what we were listing the house for. Zillow has a high commission plus you pay their closing costs and what they want for repairs (you can't make the repairs). If I remember correctly we were looking at between ...
by jfn111
Thu Jan 09, 2020 4:44 pm
Forum: Personal Consumer Issues
Topic: New Sewer Line 2 weeks after Home Purchase. Any Legal Recourse?
Replies: 75
Views: 6463

Re: New Sewer Line 2 weeks after Home Purchase. Any Legal Recourse?

Maybe it's a regional thing, but when we bought our first house 4 years ago our realtor recommended a sewer inspection separate from our normal inspection, which we did to the tune of about $400. They didn't see any issues, but we knew that sewer issues could often cost a lot if something happened ...
by jfn111
Wed Jan 01, 2020 10:38 am
Forum: Personal Consumer Issues
Topic: Alternative to stairs?
Replies: 38
Views: 3392

Re: Alternative to stairs?

I sold a nice Town Home several years ago where the husband was handicapped. It had 2 bedrooms and 2 baths on the main level as well as a mudroom laundry combo. The lower level had 2 bedrooms and a family room that they could use for family visits but no need to go down there on a regular basis. The...
by jfn111
Mon Dec 30, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Home selling advice: Agent vs. FSBO vs. redfin
Replies: 94
Views: 4861

Re: Home selling advice: Agent vs. FSBO vs. redfin

Just a comment on letters. I will pass on letters from Buyers but never photographs. It's to easy to run afoul of Fair Housing rules. :shock:
by jfn111
Sun Dec 29, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Home selling advice: Agent vs. FSBO vs. redfin
Replies: 94
Views: 4861

Re: Home selling advice: Agent vs. FSBO vs. redfin

My partner and I have turned down many listings where the Seller wanted a price that was above what the comps would support. The agent has time and money invested in the listing and doesn't want the property to just sit on the market. As far as a 365 day contract it depends on the local market. If t...
by jfn111
Wed Dec 18, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: About to close on house. Issue just popped up on title. What should I do?
Replies: 22
Views: 2516

Re: About to close on house. Issue just popped up on title. What should I do?

If the-
Lawyers says it's OK
Mortgage lender says it's OK
Title Insurance is issued.
You should be fine.
by jfn111
Tue Dec 10, 2019 7:56 am
Forum: Personal Investments
Topic: How much is this office building worth?
Replies: 26
Views: 2613

Re: How much is this office building worth?

My realtor whom I stay in contact with says "rental income should be ~10% of the purchase price". So that's one data point. If you can say, what town & state? And everything the first reply said. 10% is kind of the "Holy Grail" everyone loves to shoot for. There are a lot of...
by jfn111
Wed Dec 04, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to Give A House To My Wife
Replies: 14
Views: 1932

Re: How to Give A House To My Wife

A quit claim deed should work just fine for what you want to do.
by jfn111
Mon Dec 02, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: I wish I could ignore it...but I can't (ZILLOW!)
Replies: 68
Views: 10012

Re: I wish I could ignore it...but I can't (ZILLOW!)

No good Realtor would even look at Zillow Zestimates when deriving a value for a house. The problem comes when home owners get attached to the Zestimate, esp when it's higher then the agent's comps for the property. I recently ran across a listing where we offered what the comps said the Condo was w...
by jfn111
Wed Nov 27, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: I wish I could ignore it...but I can't (ZILLOW!)
Replies: 68
Views: 10012

Re: I wish I could ignore it...but I can't (ZILLOW!)

I hate Zillow but a lot of my customers use it as a search tool. I just looked at the Zestimate for my home and it's about 10% low. Actually, being plus or minus 10% isn't bad when your creating a data base of millions of houses. To answer a previous poster, Zillow is changing their focus from fleec...
by jfn111
Tue Nov 26, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: Should The Dentist See Me On Every Visit?
Replies: 64
Views: 4109

Re: Should The Dentist See Me On Every Visit?

My dentist still stops and looks in my mouth after the hygienist is done.That's always been the norm as far back as I can remember.
by jfn111
Sat Nov 09, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 11678

Re: Seller's agent not letting us use a buyer's agent

Did you sign a Buyer's Representation agreement with the Redfin agent? If so, it might spell out the commission your buyer's agent is entitled to, and probably says they will try first to collect from the Seller (or Seller's agent.) But you could be obligated to pay it if they can't collect from th...