Search found 15 matches

by beerloin
Tue Jan 19, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: UL Policy Question
Replies: 7
Views: 256

Re: UL Policy Question

I would say that I am generally in the same health- except 11 years older and maybe not as active as I was in my 20's?
My weight is the same and I drink a lot less alcohol, so I'm sure that has to count for something!
by beerloin
Tue Jan 19, 2021 11:39 am
Forum: Personal Finance (Not Investing)
Topic: UL Policy Question
Replies: 7
Views: 256

UL Policy Question

Hi BH, I have a question about the UL policy I took out 11+ years ago. Monthly Payment $70.00 Insured Amount- $100,000 Total Account Value $8004.00 Surrender Value $7,869.60 Surrender Charge $134.00 2020 Expense Charges: $138.00 2020 Cost of insurance: $110.68 If no further payments made- guaranteed...
by beerloin
Wed Jan 13, 2021 1:15 pm
Forum: Personal Consumer Issues
Topic: How to remove smoke smell from clothes after a fire?
Replies: 23
Views: 2006

Re: How to remove smoke smell from clothes after a fire?

Sorry that you had to go through this. We had a fire almost 25 years ago and I still remember the smell of smoke on my clothes. We had ours professionally washed multiple times, but nothing seemed to get rid of it. There was always a hint of burnt plastic. Best option IMO~ throw them away and get ne...
by beerloin
Wed Jan 10, 2018 1:57 am
Forum: Personal Investments
Topic: Pay Down Rental or Save for Down Payment?
Replies: 5
Views: 749

Re: Pay Down Rental or Save for Down Payment?

Zillow says approx. 244k. I would think it would realistically sell for 200-220k.

My renters are good tenants and just asked to extend for another year and a half. They have always paid on time/ early and we have a great working relationship.
by beerloin
Wed Jan 10, 2018 12:14 am
Forum: Personal Investments
Topic: Pay Down Rental or Save for Down Payment?
Replies: 5
Views: 749

Re: Pay Down Rental or Save for Down Payment?

1) I am not really worried about the emergency savings at this point. Essentially, I have $9k in cash and ~$30K in Vanguard taxable to cover any emergencies. 2) Would it help to reword my question as follows: Does having a mortgage against a rental property reduce the amount of money I can borrow fo...
by beerloin
Fri Jan 05, 2018 1:05 am
Forum: Personal Investments
Topic: Pay Down Rental or Save for Down Payment?
Replies: 5
Views: 749

Pay Down Rental or Save for Down Payment?

Background: 34/35 with 18m old + one on the way. We are in an unusual circumstance with my job. We are expats and move every 6 months to a new location somewhere in the world. As such, we rented out our condo, sold all of our furniture and cars, and currently do not have any major expenses (housing ...
by beerloin
Mon Jan 16, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Maxing out Tax Free accounts
Replies: 10
Views: 1315

Re: Maxing out Tax Free accounts

Yes, her IRA is transferrable to a new solo 401(k) (but not all custodians do that) and it is also possible to convert it to a Roth IRA. A conversion will require that you pay taxes, so she may not want to do that. You can read up about these things for more details. Don't rely on anonymous interne...
by beerloin
Mon Jan 16, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Maxing out Tax Free accounts
Replies: 10
Views: 1315

Re: Maxing out Tax Free accounts

See my first response in this thread for my recommendations. I answered all 5 of your queries in that post. Your spouse should not contribute to a tIRA, but to a Roth IRA. Yes, yes you did! Sorry - my mind is trying to digest and I think we are on the same page now. (at least, I have caught up to w...
by beerloin
Mon Jan 16, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Maxing out Tax Free accounts
Replies: 10
Views: 1315

Re: Maxing out Tax Free accounts

s the 401K and the Roth 401K the same bucket of money? i.e. is the limit of $18,000 divided between the two? […] Is it then allowable for me to contribute $18000 to the 401K and then separately, add an additional $5500 to another Roth IRA? Your 401(k) and its Roth 401(k) are the same bucket of mone...
by beerloin
Mon Jan 16, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Maxing out Tax Free accounts
Replies: 10
Views: 1315

Re: Maxing out Tax Free accounts

Thanks for the replies so far - I edited the original post to add our ages. We are also maxing out the HSA (with HDHP) to the family limit, sorry I forgot to mention that before. I guess part of my confusion is with my own 401K plan. Is the 401K and the Roth 401K the same bucket of money? i.e. is th...
by beerloin
Mon Jan 16, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Maxing out Tax Free accounts
Replies: 10
Views: 1315

Maxing out Tax Free accounts

Hello all, Thanks in advance for all your replies. I am having trouble understanding the limits/possibilities for contributing to retirement accounts for my wife. She is a freelance writer and a SAHM. Last year, her income was less than $5000. What are the rules for her tax-free accounts? With her l...
by beerloin
Tue Oct 11, 2016 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance - Company Benefit or Shop Around
Replies: 6
Views: 711

Re: Life insurance - Company Benefit or Shop Around

Hello, I am researching life insurance and it is the time for my company's benefits enrollment. I have an option to choose a plan costs roughly $53/yr for every $100K benefit. (it is a one year plan) Has anyone gone this route or is it generally better to get a term (i.e. 15, 20 year) plan from an ...
by beerloin
Tue Oct 11, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance - Company Benefit or Shop Around
Replies: 6
Views: 711

Life insurance - Company Benefit or Shop Around

Hello, I am researching life insurance and it is the time for my company's benefits enrollment. I have an option to choose a plan costs roughly $53/yr for every $100K benefit. (it is a one year plan) Has anyone gone this route or is it generally better to get a term (i.e. 15, 20 year) plan from an i...
by beerloin
Thu Jun 16, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Where to put short term windfall
Replies: 6
Views: 953

Re: Where to put short term windfall

So you are only talking about where to put $12,000 (1,000 per month) this year correct? I'm not sure where Non7WoodUser is getting his crystal ball about the market about to drop (which flies in the face of one of our boglehead principles about not trying to time the market) but since the amount is...
by beerloin
Thu Jun 16, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Where to put short term windfall
Replies: 6
Views: 953

Where to put short term windfall

Hello All - first post on this site. I am in a very unique situation where I have a "large" (to me) amount of money coming in 2x per month and I am looking for ideas on what to do with it. My job situation is paying for my housing and transportation on top of earning a per-diem. This will ...