Search found 1569 matches

by SimonJester
Sun Aug 26, 2012 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: dealing with IRS identity theft
Replies: 21
Views: 4363

Re: dealing with IRS identity theft

How did the thieves know how much income and taxes to claim and how much to ask for in the refund? I don't understand how this works. Or do you even understand what was filed on the fraudelent return? Please explain more if possible. Bill The thieves don't need to know the specifics of your finance...
by SimonJester
Fri Aug 24, 2012 10:05 am
Forum: Personal Consumer Issues
Topic: Buying New Laptop: Wait Until Windows 8 Rel.?
Replies: 27
Views: 2551

Re: Buying New Laptop: Wait Until Windows 8 Rel.?

Windows 8 is a pain on a desktop computer. The new "Modern UI" (formerly known as "Metro") makes no sense on a large screen. I would get a computer with Windows 7 when they are still avaliable! I agree with this, I have been running window 8 my my son's laptop, and it is a pain, I find for most eve...
by SimonJester
Sat Aug 18, 2012 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: possible 30 yr fixed Mortgage, not repackaged as MBS?
Replies: 11
Views: 3046

Re: possible 30 yr fixed Mortgage, not repackaged as MBS?

in general no, find out if your bank is going to portfolio your loan in house or sell it. You are probably going to find most bank will have the right (as you will sign a document acknowledging so) to resell your mortgage at any time. Who it gets sold to and if it becomes a MBS it out of your hands....
by SimonJester
Sat Aug 18, 2012 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Furniture "protection plans'
Replies: 10
Views: 5723

Re: Furniture "protection plans'

I don't purchase them, for the most part they are not worth the paper they are printed on. We have a wood table and it had a protection plan included in the price of the table (over all the table was still cheaper then elsewhere), however the company would not honor the warranty when we called them ...
by SimonJester
Mon Aug 13, 2012 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Oil Well Investing - Anyone dabble in this?
Replies: 41
Views: 4484

Re: Oil Well Investing - Anyone dabble in this?

Does this involved wiring money to a Nigerian in the Cayman islands?

Health problems, huge money making opportunity, this smells of scam a mile away...
by SimonJester
Sun Aug 12, 2012 11:03 am
Forum: Personal Consumer Issues
Topic: computer died?
Replies: 34
Views: 3896

Re: computer died?

Thanks to everyone for their great advice! I took the hard drive out (easy!). It is a Seagate 120 Gb Serial AT Disc Drive. It measures 2 5/8 by 3 5/8". Is that IDE, PATA, SATA? I'm sure it is the older technology, but what? I'd like to just move the data off onto a new computer. Which of the above ...
by SimonJester
Thu Aug 09, 2012 11:20 pm
Forum: Personal Consumer Issues
Topic: Two part car accident question
Replies: 28
Views: 2213

Re: Two part car accident question

I suggest you take the car to two more body shops and get additional estimates. You should be able to tell from the other estimates if the dealer was high or the other shop was very low. In the past I found that body shops quotes were almost identical with each other, the parts to be replaces, hours...
by SimonJester
Tue Aug 07, 2012 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Daycare or buy house for parents?
Replies: 24
Views: 2503

Re: Daycare or buy house for parents?

Just to add to what others have said, why not just plan and budget for your wife to stay home. Figure out a way to live BELOW YOUR MEANS off of ONE income!
by SimonJester
Mon Aug 06, 2012 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score and Credit Card Question
Replies: 43
Views: 5307

Re: Credit Score and Credit Card Question

I would look into a credit union to see if you can get rid of that $12 debit card fee.

I would focus more on saving cash towards the purchase of a good reliable used car paid in full.

Keep yourself out of debt as much as possible...
by SimonJester
Mon Aug 06, 2012 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Any need for high school student to build credit?
Replies: 36
Views: 3587

Re: Any need for high school student to build credit?

I have a high school senior and was thinking of getting her a credit card (in her name, but secured by me) with a low limit to begin building her credit. Does it really matter at this age to build credit? I would have her keep the credit card through the college years. I am not sure how much a $500...
by SimonJester
Sat Aug 04, 2012 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Liability if running free medical clinics in Texas?
Replies: 20
Views: 1943

Re: Liability if running free medical clinics in Texas?

You will absolutely need professional liability insurance both for your self and the business. An umbrella policy does not cover professional acts. As others point out you need to seek legal counsel on this. Also be sure to check into your state's licensing requirements for medical facilities.
by SimonJester
Fri Aug 03, 2012 10:03 am
Forum: Personal Consumer Issues
Topic: Hardiboard vs. Composite Siding
Replies: 22
Views: 13301

Re: Hardiboard vs. Composite Siding

How about stucco? Real three coat stucco not synthetic or efs, no painting, no rotting, will last the lifetime of the house if installed correctly.
by SimonJester
Fri Aug 03, 2012 9:57 am
Forum: Personal Consumer Issues
Topic: Child - Credit Report and SS Statement
Replies: 12
Views: 1281

Re: Child - Credit Report and SS Statement

In case anyone needs it here is a link to the 7004 form: Not easy to find on their site...

http://www.socialsecurity.gov/mystatement/ssa-7004.pdf
by SimonJester
Sun Jul 29, 2012 12:42 pm
Forum: Personal Consumer Issues
Topic: Rent checks getting "lost" in mail, lazy landlords
Replies: 51
Views: 11023

Re: Rent checks getting "lost" in mail, lazy landlords

...Using a bank's bill pay service will solve the problem, save postage every month, avoid any "he said, she said" disputes, send the check automatically every month, delegate the issue to a 3rd party if a dispute arises, and avoid having to go the post office for special handling (saving time and ...
by SimonJester
Sat Jul 28, 2012 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best option to pay off a house?
Replies: 23
Views: 2707

Re: What is the best option to pay off a house?

Thanks for the inputs. Does anyone have any inputs on the tax implications of withdrawing from tax sheltered accounts, or an opinion on the plan to convert retirement savings into a cash to payoff the house? Umm don't do it, you will get hit with a 10% penalty plus 20% tax perhaps even bumping you ...
by SimonJester
Sat Jul 28, 2012 11:05 am
Forum: Personal Finance (Not Investing)
Topic: What is the best option to pay off a house?
Replies: 23
Views: 2707

Re: What is the best option to pay off a house?

Ouch on the insurance, sort of puts things into perspective for those of use that do not live in high risk areas.

Refinancing the mortgage is a good start, you might look at 15 year vs 30 year and see if you can swing it.
by SimonJester
Sat Jul 28, 2012 10:54 am
Forum: Personal Consumer Issues
Topic: Rent checks getting "lost" in mail, lazy landlords
Replies: 51
Views: 11023

Re: Rent checks getting "lost" in mail, lazy landlords

I would start sending the checks certified mail with return receipt. It will cost you $5.25 extra but a few months of this might be a good kick in the pants for your landlord. You will then have confirmation your check was delivered and who signed for it. Should the landlord come back to you with yo...
by SimonJester
Thu Jul 26, 2012 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Best online bank for quality service
Replies: 91
Views: 10347

Re: Best online bank for quality service

BogleBear wrote: The only downside is depositing cash, which you can't do. But I keep a free BOA account open for that, and quickly transfer to Schwab.

Hey why cant I just take a picture of my cash with their smart phone app and they deposit it into my bank account? :P
by SimonJester
Thu Jul 26, 2012 5:48 pm
Forum: Personal Consumer Issues
Topic: Planning for kids Checklist
Replies: 25
Views: 4093

Re: Planning for kids Checklist

Let me paraphrase advice I wrote on one of those threads that you can use now. Realize that your pre-baby spare time is a precious commodity. Turn off the TV and use the time for all the adult activities that you and your wife really enjoy or meant to do someday. I'm talking about things like hangi...
by SimonJester
Tue Jul 24, 2012 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Home Repair Question
Replies: 18
Views: 3145

Re: Home Repair Question

Ive seen the folk on This Old House fix rotting columns like that with an epoxy compound. The epoxy can be painted white after it cures and will not continue to rot like other wood products. You can buy wood repair epoxies at the various hardware stores. Here is a video from this old house on such a...
by SimonJester
Mon Jul 16, 2012 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Injury Settlement Guidelines
Replies: 4
Views: 870

Re: Personal Injury Settlement Guidelines

Ive heard 1.5 times actual damages is a starting point...
by SimonJester
Thu Jul 12, 2012 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Holding our son's mortgage
Replies: 19
Views: 2270

Re: Holding our son's mortgage

It all sounds great when it works, but what happens when it doesn't work? What if you son looses his job, or has unexpected medical bills? Will you be ok if he is not able to pay you back? Will Thanksgiving dinner be uncomfortable for all involved? I would not loan money to family members, give them...
by SimonJester
Thu Jul 12, 2012 10:21 pm
Forum: Personal Consumer Issues
Topic: Amazon’s Same Day Delivery Will Kill Local Retailers
Replies: 29
Views: 4848

Re: Amazon’s Same Day Delivery Will Kill Local Retailers

Don't know if anyone else is old enough to remember how local department stores used to offer one-day delivery. Every store had a fleet of trucks that shuttled around the city delivering phone orders. It was an extremely popular service in those days before every family had two cars. I remember whe...
by SimonJester
Thu Jul 12, 2012 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Help dealing with failing home sale
Replies: 4
Views: 1125

Re: Help dealing failing home sale

I've never understood why a low appraisal should mean the deal should end since the buyer thought the house was worth X amount and could do comparables themselves (and in this case, lots of people are interested in the house, generally, because it's in a great area and is a newer, more upgraded and...
by SimonJester
Thu Jul 05, 2012 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Foreclosing and filing for bankruptcy
Replies: 2
Views: 697

Re: Foreclosing and filing for bankruptcy

You use bankruptcy to protect other assets from creditors. It doesn't sound like your friend has other assets to protect. As far as I know social security is not garnishable. First find out if your friend in a recourse state? If so then the bank can sue your for the deficiency after the foreclosure....
by SimonJester
Wed Jul 04, 2012 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Construction Loan Question?
Replies: 9
Views: 1728

Re: Construction Loan Question?

Also if the building is capped to a upper dollar amount what say do you have in the quality of materials used and fixtures installed? My guess is the builder will use the most cost effective materials and fixtures in order to maximize his profit... This may not be towards your best interest. Also ke...
by SimonJester
Tue Jul 03, 2012 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting a small amount - what to do?
Replies: 13
Views: 1782

Re: Inheriting a small amount - what to do?

I agree with others, I would pay off all the debt except the house. Then park the remaining money in a nice safe boring CD for 12 months. Let some time pass on the loss of your family member. Meanwhile, take all the payments you were making towards your other debt and throw them at the house. I woul...
by SimonJester
Thu Jun 28, 2012 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Safest way to get cash using a debit card
Replies: 32
Views: 2650

Re: Safest way to get cash using a debit card

Safest option would be to walk into a brick and motor bank or credit union and make a cash withdrawal...
Just open an account with one with the lowest fees.
I don't see why you need to over complicate things with the cash advance...
by SimonJester
Thu Jun 21, 2012 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Roth for a 1year old
Replies: 12
Views: 1392

Re: Roth for a 1year old

So, if I pay my kids a commission on chores they complete around the house, can they then contribute to a Roth?

:D
by SimonJester
Wed Jun 20, 2012 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: I Bond Redemption via Treasury Direct?
Replies: 5
Views: 1132

Re: I Bond Redemption via Treasury Direct?

I have redeemed them and it took about two days...
by SimonJester
Sun Jun 17, 2012 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest in real estate with a family member?
Replies: 35
Views: 3717

Re: Would you invest in real estate with a family member?

zeke5867 wrote:Or rent real estate to a family member (other than spouse)?

Is this ever a good idea?
Here is another way of asking this question:

I'm going to take an 8lbs sledge hammer to my big toe out on the back concrete patio... Is this ever a good idea?

:oops:
by SimonJester
Sun Jun 17, 2012 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: More help needed with inheritance
Replies: 11
Views: 1669

Re: More help needed with inheritance

Ryebrook, I have stood in your shoes almost exactly, I followed your other post as well... I would roll the pension into your 401k to gain tax advantaged space and delay taxes... For # 2 and 3, I will let the more experienced boggleheads chime in, but I would be tempted to keep it simple and consoli...
by SimonJester
Sun Jun 17, 2012 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited a home with a mortgage
Replies: 18
Views: 2560

Re: Inherited a home with a mortgage

You need to speak with an estate attorney on this issue. The estate is responsible for the mortgage on the house not you as an heir (unless you want to keep the house), nor are you as the executor. Separate the roles out and understand that in most states only what in included in the probate estate ...
by SimonJester
Sat Jun 09, 2012 9:57 am
Forum: Personal Finance (Not Investing)
Topic: College Funding Strategies
Replies: 85
Views: 9636

Re: College Funding Strategies

What field or degree is she pursuing that will make spending 200k+ worth it? Lawyer, doctor? I would encourage you to sit down and take a look at what the degree / field will pay when she is finished and explain just because you have a degree doesn't guarantee you will find employment int hat field....
by SimonJester
Wed Jun 06, 2012 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: College Savings Question?
Replies: 29
Views: 1904

Re: College Savings Question?

Thanks for the input everyone. I think I'm going to go with ESA, 529 and I-Bonds each month per kid. The other benefit of the I-Bonds is that should a child not goto a 4 year college or get scholarships I can use the I-bonds for anything, or just leave them be and perhaps turn them into a nice weddi...
by SimonJester
Tue Jun 05, 2012 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Adventures in loan payoff
Replies: 20
Views: 3453

Re: Adventures in loan payoff

Any one know if WF will send you your signed note after payoff or do you have to request it? My county says they send the note back to the lender and recording the release of deed of trust...
by SimonJester
Tue Jun 05, 2012 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: College Savings Question?
Replies: 29
Views: 1904

College Savings Question?

I would like some advise, I am currently saving for two kids college oldest has 6 years before college, youngest 7 years. For each kid; We are funding $150 Per month into a Vanguard ESA in STAR fund, Currently $4.5K I have been contributing $150 per month to my states 529 currently at $9.5k The stat...
by SimonJester
Fri May 25, 2012 11:50 am
Forum: Personal Consumer Issues
Topic: legal issues with installing work software on home computer
Replies: 59
Views: 4081

Re: legal issues with installing work software on home compu

I would not install any work related software on my personal devices. I would not do any work related work on my personal devices. So I would tell my company to provide me with a laptop so I could work from home when needed using their computer...
by SimonJester
Fri May 04, 2012 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Will this stop us from being able to obtain another Mortgage
Replies: 9
Views: 1200

Re: Will this stop us from being able to obtain another Mort

This has disaster written all over it. First how is it an inheritance if you are paying the mortgage. Left me guess your folks cannot afford to purchase the vacation property on their own and need to pull you in as either co signer or to help pay the mortgage? If so what happens if either you or the...
by SimonJester
Fri May 04, 2012 9:28 am
Forum: Personal Finance (Not Investing)
Topic: 1 year from selling, put excess into mortgage?
Replies: 4
Views: 710

Re: 1 year from selling, put excess into mortgage?

Other things to think about, moving expenses, repair / paint / carpet/ fixup of the current house in order to get it ready to sell. I would save additional 10K+ for those items. I also agree get the house on the market now it may take 6 to 8 months to sell, if it sells early then you can always rent...
by SimonJester
Fri May 04, 2012 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Gift money question
Replies: 11
Views: 1161

Re: Gift money question

I expect to withdraw the money in less that 2 years time, hopefully less than 1 year, and I'm not sure if I should even bother with investing it. Investing is for 5+ years, 10+ ideally. For 1 to 2 years you need to "save" the money. I would find a 1 or 2 year CD and park the money. This way you can...
by SimonJester
Fri Apr 20, 2012 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Getting a refund, I have some questions about using it
Replies: 8
Views: 850

Re: Getting a refund, I have some questions about using it

Reduce your withholding by $250 per month ($3000 / 12) then put that $250 into a 529...
by SimonJester
Tue Mar 27, 2012 9:51 am
Forum: Personal Finance (Not Investing)
Topic: What is your 529 plan Asset Allocation?
Replies: 49
Views: 14138

Re:

In Colorado, I am allowed to deposit money in my kids' 529 plans up until the balance reaches $280,000. I am considering putting all of that money in the most aggressive equity fund available in Colorado's 529 plan, with the hope that it will grow as large as possible (essentially increasing the pr...
by SimonJester
Thu Mar 15, 2012 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: breach at med school: PC with identifiers stolen
Replies: 9
Views: 924

Re: breach at med school: PC with identifiers stolen

Have her freeze her credit files at all three bureaus, this will prevent any new credit information from being added, except from companies she is already doing business with. Its a good start but understand it will not prevent someone from using her information to commit identity theft unless the c...
by SimonJester
Thu Mar 15, 2012 8:43 pm
Forum: Personal Consumer Issues
Topic: Surprise Find: Value of Worthy Vintage Desk (Unrestored)
Replies: 30
Views: 5212

Re: Surprise Find: Value of Worthy Vintage Desk (Unrestored)

Nice desk how does the drawer work? Looks like its floating...
Ive built a few pieces of furniture but always had supports under the drawer...
by SimonJester
Sun Mar 11, 2012 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Please explain PenFed Mortgage Rates
Replies: 5
Views: 1093

Re: Please explain PenFed Mortgage Rates

Mortgage Interest rates are at their lowest levels in many of our lifetimes! in the next 30 years they have nowhere to go but up, I would lock in the 10 year fixed if you can afford it.
by SimonJester
Sun Mar 11, 2012 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Which fund for an ESA as college years near?
Replies: 2
Views: 281

Which fund for an ESA as college years near?

My kids have a 529 and an ESA, the 529 is an age based option with a state using Vanguard that will get more conservative as college nears. Their ESA is in Vanguard's Star Fund. The oldest is 12 now and will be 19 or so when attending college... So my question is which fund would you move the Star t...
by SimonJester
Thu Mar 08, 2012 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Automatic investing question...
Replies: 2
Views: 597

Vanguard Automatic investing question...

If you setup an automatic investment for a Roth IRA can you specify it to fill up prior years tax space before moving onto the next year? For example if you have $1000 of tax space left in your Roth for 2011, would automatic investments after December 31st 2011 go into 2012 leaving the $1000 availab...
by SimonJester
Sun Mar 04, 2012 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone not depending on social security when they retire?
Replies: 93
Views: 6449

Re: Is anyone not depending on social security when they ret

I will not get social security.

Per the Social Security : SUMMARY OF THE 2011 ANNUAL REPORTS Social Security and Medicare Boards of Trustees
Year the OASI trust funds are exhausted: 2038