Search found 2168 matches

by galawdawg
Tue May 18, 2021 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mother is looking to refinance and asking me to co-sign
Replies: 140
Views: 7797

Re: Mother is looking to refinance and asking me to co-sign

what kind of "inheritance" is it if you have to pay for it, What kind of inheritance is it if your parents have nothing to leave you? The dual problems here are to solve mom's immediate housing needs, and to preserve her legacy to her kids. In addition to that, she needs to be put on a bu...
by galawdawg
Tue May 18, 2021 11:57 am
Forum: Personal Finance (Not Investing)
Topic: How to Report the Sale of Rental Real Estate?
Replies: 6
Views: 410

Re: How to Report the Sale of Rental Real Estate?

Have you read IRS Publication 544? https://www.irs.gov/pub/irs-pdf/p544.pdf If you are having trouble figuring out to report the sale, including depreciation recapture, it may be wise to consult with a qualified professional tax preparer or CPA. That's certainly still a possibility, galawdawg, but ...
by galawdawg
Tue May 18, 2021 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Mother is looking to refinance and asking me to co-sign
Replies: 140
Views: 7797

Re: Mother is looking to refinance and asking me to co-sign

...She has not been in the workforce for almost 15 years and does not want to get a job because of covid, masks, etc. ...She left the workforce years ago knowing that her boyfriend would assist with her finances. He later decided that he no longer wanted to work. She never has worked full time. Whe...
by galawdawg
Tue May 18, 2021 11:05 am
Forum: Personal Finance (Not Investing)
Topic: How to Report the Sale of Rental Real Estate?
Replies: 6
Views: 410

Re: How to Report the Sale of Rental Real Estate?

Have you read IRS Publication 544? https://www.irs.gov/pub/irs-pdf/p544.pdf

If you are having trouble figuring out to report the sale, including depreciation recapture, it may be wise to consult with a qualified professional tax preparer or CPA.
by galawdawg
Tue May 18, 2021 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Schwab survey: Net worth of $624k is all that's needed to be “financially comfortable”
Replies: 44
Views: 5087

Re: Schwab survey: Net worth of $624k is all that's needed to be “financially comfortable”

Much of how "financially comfortable" a person would be with a net worth of $624k depends upon the cost of living in the area where they live. For example, I know quite a few retired folks in this area who have a net worth of significantly less than $624k and they very much enjoy their ret...
by galawdawg
Mon May 17, 2021 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job with no plan- Please help assess my situation
Replies: 89
Views: 7267

Re: Quitting job with no plan- Please help assess my situation

Have you taken any time off or a vacation lately? I'm not talking about a weekend getaway, I'm talking about at least a week, even two. Completely unplugged from work. No calls, no emails. If not, may I recommend that you start with that approach? This past fifteen months or so has been a very stres...
by galawdawg
Mon May 17, 2021 11:17 am
Forum: Personal Consumer Issues
Topic: Life events spent more than earned
Replies: 55
Views: 5262

Re: Life events spent more than earned

People overcomplicate things with kids and, like you, assume they are somehow abused or put in danger if you don't spend oodles of money, haha. However, we all make our own choices, I was just pointing out the differing viewpoint. It may not be for everyone. I mean really, outside of diapers, one o...
by galawdawg
Mon May 17, 2021 8:42 am
Forum: Personal Consumer Issues
Topic: Life events spent more than earned
Replies: 55
Views: 5262

Re: Life events spent more than earned

We found the opposite. A newborn needed nothing outside of diapers. Which, fortunately, we received those at the baby shower (what we asked for). I can just picture your newborn, clothed only in a diaper, riding in your lap while driving to the doctor for a checkup! :o If all that your newborn need...
by galawdawg
Mon May 17, 2021 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Worth fighting a will in Virginia?
Replies: 80
Views: 7271

Re: Worth fighting a will in Virginia?

You'd be threatening to sue the estate, not the step mother. I see your point, but it seems pretty clear most of the money is going to the step kids. Not according to what OP said: * New will has all assets going to the wife/stepmom if the father died first... What happens when the stepmother dies?...
by galawdawg
Mon May 17, 2021 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Paying Cash to Babysitter. Can i claim childcare credit
Replies: 18
Views: 1930

Re: Paying Cash to Babysitter. Can i claim childcare credit

You need to comply with federal law concerning reporting of wages and withholding and payment of taxes for household employees. IRS Publication 926 will provide all of the appropriate information on what you are required to to: https://www.irs.gov/pub/irs-prior/p926--2021.pdf Even though you may not...
by galawdawg
Mon May 17, 2021 6:15 am
Forum: Personal Investments
Topic: Losing Motivation to Invest - Anyone Relate?
Replies: 80
Views: 8190

Re: Losing Motivation to Invest - Anyone Relate?

All in moderation. I recommend that folks try to achieve balance in their lives, including in the area of personal finance and investing. As was mentioned, it isn't "all or nothing." At your age, if you and your wife will find a percentage of your gross income that you are comfortable savi...
by galawdawg
Mon May 17, 2021 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I Give Up My Earnest Money
Replies: 126
Views: 9845

Re: Should I Give Up My Earnest Money

IANYL but some of the advice you are getting here regarding your ability to back out of the deal and receive your earnest money back based upon an alleged "misrepresentation" of or "deception" concerning the square footage is seriously flawed. You indicate that the square footage...
by galawdawg
Sun May 16, 2021 4:20 pm
Forum: Personal Investments
Topic: Parents Late 80s Advice on Alternative to Bonds
Replies: 42
Views: 3391

Re: Parents Late 80s Advice on Alternative to Bonds

Based upon what you have described, they may wish to consider moving the funds out of ML and into Vanguard and investing in a very conservative balanced fund. Something like Vanguard LifeStrategy Income (20/80), Vanguard Target Retirement (30/70) or Vanguard LifeStrategy Conservative Growth (40/60).
by galawdawg
Sun May 16, 2021 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Worth fighting a will in Virginia?
Replies: 80
Views: 7271

Re: Worth fighting a will in Virginia?

* The Father verbalized that he wanted part of his money to go to daughter upon death, put in the first will, but changed in the last known will... Your fiancé may wish to explore whether her father named her as a beneficiary on any life insurance policies or investment accounts. It is possible tha...
by galawdawg
Sun May 16, 2021 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Worth fighting a will in Virginia?
Replies: 80
Views: 7271

Re: Worth fighting a will in Virginia?

IANYL and am not admitted in Virginia. That being said, assuming your fiancé believes that her father was not competent at the time the will was changed, here are a few things she may wish to consider: 1. Was her father diagnosed as suffering from dementia? If so, when did that diagnosis occur in re...
by galawdawg
Sun May 16, 2021 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Working at the CDC
Replies: 12
Views: 2326

Re: Working at the CDC

DW is now retired from CDC. She was recruited by CDC in the early 1990's while she was working at Emory University. She previously earned her MPH at Emory and had significant laboratory experience. One of her former colleagues from Emory who had moved on to CDC reached out to my wife and asked if sh...
by galawdawg
Sun May 16, 2021 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP
Replies: 16
Views: 1726

Re: Becoming a CFP

...Since I was interested in the CFP course of study for my own intellectual interest rather than applying it as a career option, I simply purchased a full set of the CFP instructional materials and have been self-studying as time and opportunity permits... From what institution did you purchase th...
by galawdawg
Sat May 15, 2021 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP
Replies: 16
Views: 1726

Re: Becoming a CFP

I'm a retired DA (retired at the end of 2018 at age 53 with a full state pension and employee-rate health coverage) and have always enjoyed finance and investing. Many of my non-criminal law classes in law school were finance related (securities and exchange law, wills trusts and estates, taxation, ...
by galawdawg
Sat May 15, 2021 5:36 am
Forum: Personal Investments
Topic: Thinking Outside the Box - Other ways to invest outside of investing in Mutual Funds and Stocks
Replies: 12
Views: 1932

Re: Thinking Outside the Box - Other ways to invest outside of investing in Mutual Funds and Stocks

You recently posted a couple of threads about whether to retire now or in five (5) years and opined that you felt you needed to keep working, despite your lack of motivation, "in case" you had significant medical or elder care expenses after retirement as you don't want to burden your fami...
by galawdawg
Thu May 13, 2021 5:02 pm
Forum: Personal Consumer Issues
Topic: Rugged laptop options?
Replies: 31
Views: 1583

Re: Rugged laptop options?

I paid more for the last laptop. It was a grand. But I was paying for a larger monitor - 17, a better chip and more memory. I'm not coding for a living anymore so I don't need any of those things. I will take a second look at the ThinkPads. Appreciate any other thoughts. I'm curious about the 2 in ...
by galawdawg
Thu May 13, 2021 8:09 am
Forum: Personal Consumer Issues
Topic: Rugged laptop options?
Replies: 31
Views: 1583

Re: Rugged laptop options?

I echo the recommendations for a Thinkpad. Stick with the X or T series which are the higher-end corporate/business models. Built like a tank. I'm still using the Thinkpad X300 I purchased in 2008, running Windows 10 better than many new consumer grade laptops. Not a single problem with it in thirte...
by galawdawg
Wed May 12, 2021 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Seller wants to back out contract
Replies: 46
Views: 5307

Re: Seller wants to back out contract

IANYL, but in a situation such as this you will almost always, with rare exception, come out ahead by reaching an amicable agreement with the seller to terminate the contract. Litigation for specific performance or damages will be lengthy and costly. I won't opine on what a suitable settlement would...
by galawdawg
Wed May 12, 2021 6:22 am
Forum: Personal Consumer Issues
Topic: Credit card/change of address
Replies: 6
Views: 404

Re: Credit card/change of address

To change my address for a credit card, the bill says to use the online form. They want my full social security number, which I do not want to give. Any ideas? I’ll cancel the card first. And if they want me to give SSN for THAT?? Thanks! Have you called the issuer and asked if you can change your ...
by galawdawg
Mon May 10, 2021 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Losing Motivation in Work - 5 Years To Go - Suggestions?
Replies: 131
Views: 11917

Re: Losing Motivation in Work - 5 Years To Go - Suggestions?

You mentioned in a thread last year about possible early retirement that you have: 600K in a MM account. $100K in various bond funds $800K in various equity accounts (i.e. SP500) $1M in 401k retirement accounts ($100K targeted 2025 and $900K for 2035 or later accounts). So you have over $2.5 million...
by galawdawg
Sat May 08, 2021 5:48 am
Forum: Personal Consumer Issues
Topic: Ultra Low Mileage Car Lease
Replies: 18
Views: 1877

Re: Ultra Low Mileage Car Lease

For two hundred (200) one-way trips per year of about ten miles each, you'll probably come out well-ahead financially if you just take Uber or Lyft. No down payment, no monthly payments, no insurance, no maintenance expenses, no fuel costs...

You may want to run the numbers and see.
by galawdawg
Sat May 08, 2021 5:37 am
Forum: Personal Consumer Issues
Topic: Door frame damaged - Don't want to replace door
Replies: 15
Views: 1656

Re: Door frame damaged - Don't want to replace door

If I understand your issue correctly and assuming this is a wood door frame, there isn't any reason that a competent carpenter couldn't repair any damaged sections. Do you have any photos of the problem area you could upload?
by galawdawg
Fri May 07, 2021 7:45 am
Forum: Personal Consumer Issues
Topic: Buying a new laptop
Replies: 99
Views: 7904

Re: Buying a new laptop

I agree, the X13 is a great system. If you prefer a slightly larger screen (14"), you could go with the Thinkpad T490s (https://www.lenovo.com/us/en/outletus/laptops/thinkpad/thinkpad-t-series/ThinkPad-T490s/p/20NXX06500) but that is $675, a little over your budget. They just added a Thinkpad X...
by galawdawg
Thu May 06, 2021 7:40 pm
Forum: Personal Investments
Topic: Dad Dying, Son POA to become Executor, Bond Fund to Cash Now?
Replies: 38
Views: 5280

Re: Dad Dying, Son POA to become Executor, Bond Fund to Cash Now?

Sorry to hear of your father-in-law's condition. My only comment is to caution your husband not to take any action based upon an assumption that he will be the executor of the estate. An attorney admitted to Pennsylvania and/or with more experience in estate planning can chime in if I am incorrect,...
by galawdawg
Thu May 06, 2021 6:32 pm
Forum: Personal Investments
Topic: Vanguard personal advisory service
Replies: 47
Views: 4822

Re: Vanguard personal advisory service

Jack Bogle said, "cost matters." I believe there is only a limited subset of investors for whom Vanguard PAS is a wise choice. I am personally of the opinion that for those investors who are capable of managing their own finances and willing to learn and put into practice the Bogleheads in...
by galawdawg
Thu May 06, 2021 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: claim roof on insurance?
Replies: 17
Views: 899

Re: claim roof on insurance?

There are probably a lot of factors that make this not an easy question. Our home has its original roof that is ~25 years old. Our insurance covers replacement cost, not depreciated value. We were just notified by our insurance that due to no recent claims we would have forgiveness from rate increa...
by galawdawg
Wed May 05, 2021 6:02 pm
Forum: Personal Consumer Issues
Topic: Buying a new laptop
Replies: 99
Views: 7904

Re: Buying a new laptop

galawdawg wrote: There is currently a Thinkpad X280 (Intel Core i5-8350, 12.5" screen, 8gb RAM, 256GB solid state drive, Win 10 Professional) for $578, a Thinkpad X390 (Intel Core i5-8265U, 13.3" screen, 8gb RAM, 256GB solid state drive, Win 10 Professional), a Thinkpad X390 (Intel Core i...
by galawdawg
Wed May 05, 2021 3:58 am
Forum: Personal Consumer Issues
Topic: HVAC in Texas: how long to use band-aids?
Replies: 61
Views: 3657

Re: HVAC in Texas: how long to use band-aids?

I'm not sure I would want to be in a very hot home with a wife and two small children. YOU will take the fall for this if it fails! Unless it is truly a financial burden, I would replace. I would be ecstatic to get 24 years out of our heat pumps. I thought I was walking on the wild side when one of...
by galawdawg
Tue May 04, 2021 12:16 pm
Forum: Personal Investments
Topic: Dad Dying, Son POA to become Executor, Bond Fund to Cash Now?
Replies: 38
Views: 5280

Re: Dad Dying, Son POA to become Executor, Bond Fund to Cash Now?

Sorry to hear of your father-in-law's condition. My only comment is to caution your husband not to take any action based upon an assumption that he will be the executor of the estate. An attorney admitted to Pennsylvania and/or with more experience in estate planning can chime in if I am incorrect, ...
by galawdawg
Tue May 04, 2021 7:56 am
Forum: Personal Consumer Issues
Topic: Buying a new laptop
Replies: 99
Views: 7904

Re: Buying a new laptop

I know I'm late to the party, but if you haven't yet purchased the Walmart HP computer, may I recommend you consider a Lenovo Thinkpad, particularly an X or T series? I've used those for years, they are generally built like tanks, and are very, very easy to repair if down the road something goes wro...
by galawdawg
Mon May 03, 2021 11:12 am
Forum: Personal Consumer Issues
Topic: In-door Ice Maker - problem/quick fix?
Replies: 13
Views: 931

Re: In-door Ice Maker - problem/quick fix?

What is the brand? Is the actual ice maker in the door or just the dispenser?
by galawdawg
Mon May 03, 2021 9:56 am
Forum: Personal Consumer Issues
Topic: HVAC in Texas: how long to use band-aids?
Replies: 61
Views: 3657

Re: HVAC in Texas: how long to use band-aids?

I recommend you keep the existing system. The two needed repairs you've described, a capacitor and a fan motor bearing, are to be expected for a system of some age. Just like owning a car. But, unlike a car, your existing system has zero resale value. And what you've had to do is the equivalent of i...
by galawdawg
Mon May 03, 2021 6:21 am
Forum: Personal Consumer Issues
Topic: Who will install non-OEM parts I bought for my car?
Replies: 51
Views: 3262

Re: Who will install non-OEM parts I bought for my car?

brokendirtdart wrote: Mon May 03, 2021 6:08 am Of course I say that after donating blood and a part to a 16 day old truck yesterday replacing headlight bulbs :annoyed .
Sixteen DAY old truck??? :shock:

Must be a Dodge. :wink:
by galawdawg
Mon May 03, 2021 5:46 am
Forum: Personal Finance (Not Investing)
Topic: end-of-life values statement
Replies: 45
Views: 5445

Re: end-of-life values statement

Most, if not all, states have standardized advanced directives for health care which is not only part of estate planning but often recommended early in adulthood and always in connection with medical procedures. For example, here is the one Georgia uses: https://aging.georgia.gov/document/document/g...
by galawdawg
Sun May 02, 2021 2:24 pm
Forum: Personal Consumer Issues
Topic: Who will install non-OEM parts I bought for my car?
Replies: 51
Views: 3262

Re: Who will install non-OEM parts I bought for my car?

You'll need to call around and ask (and probably should have before you ordered). Many, if not most, automotive service places will not install customer-provided parts. If you can't find a service retailer willing to install them, you may have to do it yourself or ask a mechanically inclined buddy. ...
by galawdawg
Sun May 02, 2021 7:01 am
Forum: Personal Consumer Issues
Topic: Advice needed with Ashley Furniture
Replies: 20
Views: 2960

Re: Advice needed with Ashley Furniture

Bernard wrote: Sun May 02, 2021 12:34 am Ashley Furniture is the furniture equivalent to payday loans. It's really THAT very simple.
The Kmart of home furnishing retailers...

OP would probably get a better price, better quality and better service shopping on Wayfair.
by galawdawg
Sun May 02, 2021 6:59 am
Forum: Personal Consumer Issues
Topic: Advice needed with Ashley Furniture
Replies: 20
Views: 2960

Re: Advice needed with Ashley Furniture

Wife and I are finally relieved to be getting what we have almost finished paying for already . What does this mean? Did you pay for your purchase with a credit card? If so, if the matter is not resolved on May 7, file a dispute with the issuer. Keep it short , simple , and to the point . If you di...
by galawdawg
Sun Apr 25, 2021 7:53 am
Forum: Personal Consumer Issues
Topic: Where to travel with grandparents if they don’t like the beach and can’t walk too far
Replies: 54
Views: 5066

Re: Where to travel with grandparents if they don’t like the beach and can’t walk too far

Thanks for all the thoughts and ideas, I’ve read them all. As with most extended families, dynamics in mine can be...complex. While her parents are thrilled to spend time with us and the grandkids, they don’t particularly love travel. They’re homebodies at heart. However, my wife strongly dislikes ...
by galawdawg
Fri Apr 16, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 102
Views: 10278

Re: How foolish is this? [Buying waterfront apartment in Florida]

It just went on the market and the open house at 9AM today was a feeding frenzy. The owners are going to sort through offers tomorrow and choose the best one. I won't chime in with my thoughts since according to this, it is too late! What was the end result? Did you make an offer? Are you under con...
by galawdawg
Fri Apr 16, 2021 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 79
Views: 7316

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

There is a very simple solution: if you don't like the way a business treats you or how they operate, take your business elsewhere. Freedom of choice. Vote with your wallet.
by galawdawg
Thu Apr 01, 2021 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Need help selecting a moderate cost trusts and estates attorney
Replies: 17
Views: 937

Re: Need help selecting a moderate cost trusts and estates attorney

Are there any issues with the current attorney or are you merely looking to shave costs? Have you asked the attorney for an estimate of time to complete the desired change of trustee? You may think $650/hr is too high but if this attorney has handled all of the legal matters in connection with this ...
by galawdawg
Thu Apr 01, 2021 4:06 pm
Forum: Personal Investments
Topic: Vanguard site issues
Replies: 54
Views: 4655

Re: Vanguard site issues

It is always a source of interest in these threads how some folks want to assess fault against the Vanguard "client-owner", rather than Vanguard, when Vanguard fails to deliver. Why is it important whether the poster "needs" to complete a transaction within an hour or a day...per...
by galawdawg
Tue Mar 30, 2021 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Online purchase damaged during shipment - PayPal or credit card dispute?
Replies: 12
Views: 758

Re: Online purchase damaged during shipment - PayPal or credit card dispute?

Here are a few suggestions: 1. Do not attempt to install, repair or do anything with the item other than safely store it, along with the packaging item. If a claim has actually been made by the seller with the freight company, the freight company may need to inspect the item and the packaging materi...
by galawdawg
Mon Mar 29, 2021 7:19 am
Forum: Personal Investments
Topic: Paper check for 401k rollover
Replies: 21
Views: 1202

Re: Paper check for 401k rollover

If you set up the rollover as trustee-trustee, your 401k provider will send the funds directly to your brokerage.

That is how we handled ours and once set up, it was hands off.