Search found 334 matches

by Billionaire
Fri Feb 17, 2017 7:06 pm
Forum: Personal Investments
Topic: 88 Year Old Mother - advice needed
Replies: 15
Views: 1662

Re: 88 Year Old Mother - advice needed

I would tell her to leave the money as is. If she needs extra cash use some of the money from the CD's as they come due.
At the age of 88, why get her involved in a new ballgame.
by Billionaire
Wed Feb 15, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: To those who avoid FICA with HSA payroll contributions
Replies: 51
Views: 9570

Re: To those who avoid FICA with HSA payroll contributions

Due to an illness in my family, I've been maxing out my HSA. $5,750.00 in employee contributions and a $2,000.00 match from my employer. I don't even think about the impact on my FICA taxes. Number one, I am still maxing out on FICA and more importantly number two, I'm getting a discount on my medic...
by Billionaire
Fri Feb 10, 2017 6:58 am
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 533
Views: 74088

Re: Your USER NAME...what does it mean?

NoGambleNoFuture wrote:
Billionaire wrote:An adjective that describes me.
Sick life
You seem upset. I've been very fortunate, along with a bit of luck and skill.
by Billionaire
Thu Feb 09, 2017 5:33 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 533
Views: 74088

Re: Your USER NAME...what does it mean?

An adjective that describes me.
by Billionaire
Thu Feb 02, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Living Off Interest/Dividends
Replies: 54
Views: 7844

Re: Thoughts on Living Off Interest/Dividends

I wish there was a thread on the pitfalls of dying rich and our heirs or charitable organizations benefiting more than us from our lifetime of accumulating wealth. I wrestle with this a lot and wonder why I don't start spending down my principal more. Since I am not into stocks I don't have to worr...
by Billionaire
Wed Feb 01, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Spendthrift Daughter
Replies: 44
Views: 5420

Re: Spendthrift Daughter

Thank you for all the information but I need to add an additional item. I have three daughters, two are good with money. My plan is to leave the spendthrift portion to her children (my grandchildren) and the ex-husband. That is beyond cruel. Your spendthrift daughter probable has a better attitude ...
by Billionaire
Tue Jan 31, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: Is joining a country club a character flaw?
Replies: 101
Views: 13196

Re: Is joining a country club a character flaw?

This has been a interesting thread. It got me thinking, that I prefer to hang around musicians (any level) than almost any other type of person. Then I starting thinking "is being a musician a character flaw?". Why is it that I sit alone in a room memorizing chord progressions and song lyrics for th...
by Billionaire
Tue Jan 31, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax (online) shows huge capital loss
Replies: 10
Views: 1860

Re: Turbotax (online) shows huge capital loss

In the FWIW category, this is my first year using the online version and I don't really like it. One gripe is not being able to view the actual IRS Forms. I'll probably go out this weekend and buy an external drive so I can upload the software (CD) onto my computer.
by Billionaire
Sun Jan 29, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: TIAA financial advisor?
Replies: 65
Views: 13115

Re: TIAA financial advisor?

A bit off topic. I own a decedent TIAA-Cref retirement account, approx. $33,000.00 invested entirely in the guaranteed interest fund, which pays 3%.
by Billionaire
Fri Jan 27, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Calling the IRS for tax questions?
Replies: 15
Views: 1451

Re: Calling the IRS for tax questions?

You could try Google University. You may be surprised at the results.
by Billionaire
Sat Jan 21, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 52
Views: 9942

Re: ok to pull plug and retire?

pivoprussia wrote: Am I missing anything or I am good to go? TIA
Please, no gloating.
by Billionaire
Fri Jan 13, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 48
Views: 9516

Re: Let's say you are dying this year

Sorry to hear about your folks. When my sister knew her months were limited, she started giving family heirlooms away.
by Billionaire
Sun Jan 08, 2017 6:34 pm
Forum: Personal Consumer Issues
Topic: Getting help for aging Grandmother
Replies: 16
Views: 1857

Re: Getting help for aging Grandmother

Can't say I have a recommendation. My soon to be 91 year old mother fell in September and fractured her hip. She is now a full time resident at a nursing home. I suspect she will be confined to a wheelchair the rest of her life.
by Billionaire
Sat Jan 07, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on sign-on bonus check
Replies: 42
Views: 7985

Re: Taxes on sign-on bonus check

We use SAP to process payroll, so it's not some obscure payroll package. In 15 years at this company, we've never had anybody make a issue of this. If somebody did, we'd tell 'em to take a hike. You are confusing tax law with company policy. NS No I'm not. I work for mega corp, we have to follow th...
by Billionaire
Sat Jan 07, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on sign-on bonus check
Replies: 42
Views: 7985

Re: Taxes on sign-on bonus check

The date on check determines the taxable year. I do not think that is correct. It is certainly contrary to what our tax accountant told us. Look up "constructive receipt" on the IRS site. Not sure what to say. I work in IT supporting HR and Payroll. If the check is dated 12/31/2016, it will be incl...
by Billionaire
Sat Jan 07, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Alaska cruise - Help me convince my family
Replies: 60
Views: 6140

Re: Alaska cruise - Help me convince my family

We did a land tour with Alaska Wildland Adventures two summers ago. My wife shares my opinion, that it was one of our top vacations ever. We spent most of our time in Kenai Fjords National Park. Highlights included a four person helicopter ride over a glacier, a rafting trip during which time we los...
by Billionaire
Fri Jan 06, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on sign-on bonus check
Replies: 42
Views: 7985

Re: Taxes on sign-on bonus check

The date on check determines the taxable year. I do not think that is correct. It is certainly contrary to what our tax accountant told us. Look up "constructive receipt" on the IRS site. Not sure what to say. I work in IT supporting HR and Payroll. If the check is dated 12/31/2016, it will be incl...
by Billionaire
Fri Jan 06, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Getting rid of mice
Replies: 94
Views: 12790

Re: Getting rid of mice

I'm curious to see the responses. We had a problem about 5 weeks ago. After catching eight in about 1 week, the problem seems to have gone away. After I got the first one, it took me a couple of minutes to figure out how the peanut butter was all gone with a dead mouse in the trap.
by Billionaire
Wed Jan 04, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on sign-on bonus check
Replies: 42
Views: 7985

Re: Taxes on sign-on bonus check

Son will be completing his usual 4-year college this summer; so no Law School or anything like that! Since the check is dated December but most likely was mailed in January; would the income be considered for FY2016 or FY2017 ? I am going to have very hard time convincing him that he will need to k...
by Billionaire
Sun Jan 01, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Requesting a Leave of Absence
Replies: 25
Views: 2685

Re: Requesting a Leave of Absence

Sorry to hear of your job problems. Can't say I have a solution for you, other than to get out of dodge. Up until my mid-30's, I would not hesitate to look for a new job, if I did not like the way things were going. I probably made a mistake or two along the way. During that time I was in accounting...
by Billionaire
Mon Dec 26, 2016 3:07 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 16540

Re: At what age, income, and NW would you buy a $50k car?

I purchased a $40K car once. It would probably equate to $50K or more today. It was a very nice car but had more mechanical problems than any other car I've ever owned. It was also more expensive to repair and the dealer very resistant to fixing problems under warranty. I'll never purchase another ...
by Billionaire
Mon Dec 26, 2016 3:03 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 16540

Re: At what age, income, and NW would you buy a $50k car?

Don't listen to any party poopers. Buy the car. NW and yearly income alone makes it a no brainer.
by Billionaire
Thu Dec 22, 2016 1:54 pm
Forum: Personal Consumer Issues
Topic: Coach bag for wife - how to buy
Replies: 73
Views: 7873

Re: Coach bag for wife - how to buy

I used to work for Coach out of their factory in Secaucus, NJ. I used to get a very nice employee discount AND I could also buy irregulars at a fraction of the cost. They had high standards and you had to look pretty hard to find the flaw in an irregular. I had lot's of friends back then. Even going...
by Billionaire
Sat Dec 17, 2016 10:24 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab Experiences?
Replies: 101
Views: 18863

Re: Charles Schwab Experiences?

I've been a Schwab client since 1990. I spent about four years as a Signature Client, with mostly good results. I've been in the SIP program since it was rolled out in March 2015. Prior to the SIP program, I briefly contemplated moving to Vanguard, but read too many customer service complaints here....
by Billionaire
Tue Nov 29, 2016 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Need some mortgage advice
Replies: 27
Views: 4021

Re: Need some mortgage advice

Isn't it up to the mortgagee to lock in the rate? Whenever I've applied for a mortgage, I call the broker up and tell him/her to lock in the rate. I don't think it's up to them to lock in the rate. I've never postponed the lock. If I like the rate I lock it. No sense in trying to predict interest ra...
by Billionaire
Fri Nov 25, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Company Being Acquired - Any Advice?
Replies: 51
Views: 8802

Re: Company Being Acquired - Any Advice?

The company I work for was bought by megacorp about 5 years ago. At first we (myself and my co-workers) were looking forward to it. I work in IT. We thought new management would spend money to upgrade software, etc, etc. Did not happen. Both companies use different ERP systems and there is a constan...
by Billionaire
Mon Nov 21, 2016 1:22 pm
Forum: Personal Consumer Issues
Topic: Turn off water heater on vacation?
Replies: 97
Views: 118873

Re: Turn off water heater on vacation?

I know somebody whose $1,000,000 house was ruined by a broken toilet pipe on the top floor of his house. He and his wife came home from a vacation to a flooded home. Took about two years for them to move back in. When I go away, I turn off the water AND turn the water heater setting to vacation. For...
by Billionaire
Sun Nov 13, 2016 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retire early and sail off into the sunset?
Replies: 48
Views: 10621

Re: Retire early and sail off into the sunset?

My former supervisor did just this. She was about 53 years old at the time in 2006. She is still at it with her husband. They have a website that allows you to follow their journey, including boat repairs and family milestones (births, etc.) I forgot the size of the boat they started out with, but t...
by Billionaire
Sun Nov 13, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: What to do? Job offer
Replies: 4
Views: 1606

Re: What to do? Job offer

Here's another vote for saying that your scenario is hard to follow. I think your Company A vs. Company B comparison broke down somewhere along the line. Anyway, if company laid me off and then came calling again, whether it be 5 months or 5 years, I would have reservations about rejoining. Unless o...
by Billionaire
Fri Nov 11, 2016 4:52 am
Forum: Personal Finance (Not Investing)
Topic: Yet another ESPP post
Replies: 5
Views: 997

Re: Yet another ESPP post

Have you discussed with your new co-workers their experience with the plan? The 5% discount is not great. The whole look back period is confusing to me on how it would help or hinder your ability to sell. My company has a 15% and purchases are made quarterly. The buy is made on the last business day...
by Billionaire
Tue Nov 08, 2016 1:15 pm
Forum: Personal Investments
Topic: Confused about 401k vs Roth 401k vs Roth IRA
Replies: 13
Views: 1723

Re: Confused about 401k vs Roth 401k vs Roth IRA

Can you contribute to a 2016 solo 401k in 2017? You can contribute up until you file your taxes - but for the employee contribution you must elect the salary deferral by December 31st. 401K dollars contributed through an employer sponsored program and accounted for on a calendar year basis. So a de...
by Billionaire
Sun Nov 06, 2016 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Sister scammed online, several $K - not sure what to advise
Replies: 68
Views: 8592

Re: Sister scammed online, several $K - not sure what to advise

Sue him in court. I wouldn't even hire a lawyer. Bring copies of the emails and whatever other documentation you have. IMO, complete waste of time and money. Even if she wins, there is nothing there to collect. Well, you'd be surprised to find out what people do to stay out of a court room. I wasn'...
by Billionaire
Sun Nov 06, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Sister scammed online, several $K - not sure what to advise
Replies: 68
Views: 8592

Re: Sister scammed online, several $K - not sure what to advise

Sue him in court. I wouldn't even hire a lawyer. Bring copies of the emails and whatever other documentation you have.
by Billionaire
Sat Nov 05, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning (90 and 93 year old)
Replies: 23
Views: 3939

Re: Estate Planning (90 and 93 year old)

I was talking to my wife earlier about this thread. My thinking was if you have assets of let's say less than one million dollars, you are basically screwed. It's not enough money to be able to gift to your loved ones, but just about what is needed to maintain your lifestyle during retirement. Then ...
by Billionaire
Fri Nov 04, 2016 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning (90 and 93 year old)
Replies: 23
Views: 3939

Re: Estate Planning (90 and 93 year old)

If you are talking about setting up an irrevocable trust, the time to have done it was probably 10 years ago. But, good luck trying to convince an 80 year old that they need to restructure their financial assets and implement a more effective estate plan. I'm in the middle of dealing with the care o...
by Billionaire
Fri Nov 04, 2016 7:41 pm
Forum: Personal Consumer Issues
Topic: Dress shoes
Replies: 33
Views: 6075

Re: Dress shoes

The only shoes I buy are Allen Edmunds. The reason being they are the only company that make shoes in my size 13A. Yep, they are expensive.
by Billionaire
Sun Oct 30, 2016 5:16 pm
Forum: Personal Consumer Issues
Topic: Declining Service Expectations. Are there any excellent companies still out there?
Replies: 81
Views: 11999

Re: Declining Service Expectations. Are there any excellent companies still out there?

I've recently stayed at extended stays hotels run by Marriot (in Washington DC and New Jersey) and by Hilton in New Jersey. Very good customer service. The lines at our Costco in Maryland are quick.
by Billionaire
Sun Oct 30, 2016 9:40 am
Forum: Investing - Theory, News & General
Topic: Schwab and 1099s
Replies: 11
Views: 1758

Re: Schwab and 1099s

As others have stated, it is a universal problem. I've started filing my taxes in late, late March or early April.
by Billionaire
Sun Oct 23, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 244
Views: 39473

Re: Need help. Drowning in debt and worried about the future and retirement

Take a good look at your Federal and State (if applicable) tax liability. If you are getting a big tax refund at year end, you should adjust your withholdings accordingly. This gives you more take home pay to manage the debts.
by Billionaire
Sat Oct 22, 2016 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 244
Views: 39473

Re: Need help. Drowning in debt and worried about the future and retirement

Sorry you're going through this. Up until the age of 52, I drove cars that cost in the neighborhood of $14,000.00. The most recent two were Honda Civics (183,000 and 198,000 respectively) to get me through a similar commute that you have. Now I drive a 2008 Cadillac CTS on a daily round trip of 16 m...
by Billionaire
Tue Oct 18, 2016 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I relocate for this job or stay put?
Replies: 79
Views: 7697

Re: Should I relocate for this job or stay put?

Another vote for taking the leap. Unless, you can find something closer with a higher salary. I could probably find something in the nearest big city at a similar or perhaps slightly higher salary range. There is a higher cost of living there, however, if I were to move there. Otherwise I would be ...
by Billionaire
Sun Oct 16, 2016 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Someone else's check got cleared from my Checking Account
Replies: 65
Views: 9024

Re: Someone else's check got cleared from my Checking Account

I balance my check book every month and here's how I do it. The cutoff date for my statement is around the 20th of each month, give or take a couple of days. I time all my payments to clear before the cutoff date. This way all I have to do is add in the interest earned and wallah, I balance to the p...
by Billionaire
Sun Oct 16, 2016 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should I relocate for this job or stay put?
Replies: 79
Views: 7697

Re: Should I relocate for this job or stay put?

Another vote for taking the leap. Unless, you can find something closer with a higher salary. 58K at the 10 year mark, I would say you are underpaid. In IT you have to take a leap every now and then to boost your income. If it turns out to be a short term job, use the 78K as leverage for a new posit...
by Billionaire
Wed Oct 12, 2016 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Crossing the line (becoming a miser)
Replies: 71
Views: 12439

Re: Crossing the line (becoming a miser)

Don't go to a baseball game and complain about the stadium prices of everything to your companion. My brother-in-law does this, even if somebody (me) pays for his ticket. Come to think if it, he doesn't even buy a round of anything during the game. Never again.
by Billionaire
Mon Oct 10, 2016 11:35 am
Forum: Personal Consumer Issues
Topic: Tattoo Costs and Removal
Replies: 39
Views: 6259

Re: Tattoo Costs and Removal

You could go on Ink Master and get one for free.
by Billionaire
Sat Oct 01, 2016 4:13 am
Forum: Personal Finance (Not Investing)
Topic: Got myself into some trouble.. [Use emergency fund for credit card debt?]
Replies: 48
Views: 8260

Re: Got myself into some trouble..

camillus wrote:Perhaps the most important advice someone in your situation can hear is this: stop using credit cards. Destroy the physical cards that you have, close the accounts, and don't open any other ones.
That's a bit extreme.
by Billionaire
Mon Sep 19, 2016 6:34 pm
Forum: Personal Consumer Issues
Topic: Ideas for adult brothers vacation
Replies: 24
Views: 4231

Re: Ideas for adult brothers vacation

A couple of months ago, Outside Magazine had a list of about 20 or so places to live if you enjoy the outdoors, good food, etc. You may be able to find the article on their website. Enjoy, sounds like fun. Got the link. Taos, New Mexico sounds pretty cool. https://www.outsideonline.com/2105956/best-...
by Billionaire
Mon Sep 12, 2016 6:41 pm
Forum: Personal Consumer Issues
Topic: Recommended Acoustic Guitars Under $1,000
Replies: 27
Views: 4956

Re: Recommended Acoustic Guitars Under $1,000

I'm a Guild man myself. I own a Westerly, Rhode Island, 1978 Guild D40 AND a made in China 2015 OM-140. Love both of the guitars. I been playing a lot in public and wanted to ease up on the abuse the 1978 guitar was taking. If you look hard enough there are plenty of bargins to be found on old Guild...
by Billionaire
Mon Sep 12, 2016 5:52 pm
Forum: Personal Consumer Issues
Topic: Copper tubing - the joke is on me!!
Replies: 6
Views: 1588

Copper tubing - the joke is on me!!

We recently replaced our refrigerator. First time in my life, I've bought a new one. The replacement uses stainless steel tubing to connect the ice maker. I insisted on getting the copper tube from the old one, thinking it would be worth $100.00 or more. Duh!! I think it might be worth $1.40 or less...