Search found 1515 matches

by ddurrett896
Mon May 17, 2021 8:08 am
Forum: Personal Investments
Topic: Losing Motivation to Invest - Anyone Relate?
Replies: 79
Views: 8094

Re: Losing Motivation to Invest - Anyone Relate?

There is SO much uncertainty about the future, and so much more known about today. What if the US goes through a Japan-like scenario at some point, leading to an almost permanent loss of capital? What if inflation takes off in a major way and wreaks havoc on the equity and bond markets a la the 197...
by ddurrett896
Fri May 14, 2021 8:02 am
Forum: Personal Finance (Not Investing)
Topic: How much would you budget for a typical wedding?
Replies: 136
Views: 8514

Re: How much would you budget for a typical wedding?

I'd budget...

$5K for Venue
$5K for food
$5K for alcohol
by ddurrett896
Thu May 13, 2021 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Mother is looking to refinance and asking me to co-sign
Replies: 138
Views: 7678

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

No way I would co-sign.

How much is the house worth and what is owed?

How much is her mortgage payment and income? Could she sell the house, take the cash and bank it and live in a apartment that is less than her mortgage today?
by ddurrett896
Wed May 12, 2021 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Question - Spouse on Different Insurance
Replies: 12
Views: 621

Re: HSA Contribution Question - Spouse on Different Insurance

terran wrote: Wed May 12, 2021 11:35 am Make sure you wife doesn't open an FSA that can be used for you because that would count as coverage that would stop you from being able to contribute to your HSA.
Thanks! No FSA since it's use it or lose it and we rarely have medical emergencies..knock on wood!
by ddurrett896
Wed May 12, 2021 10:17 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Question - Spouse on Different Insurance
Replies: 12
Views: 621

Re: HSA Contribution Question - Spouse on Different Insurance

OP never said his coverage was self only. It is possible for each spouse to have a family plan. Also, I intended my response to also be helpful to others who have similar questions. My coverage thru my employer just covers me (High deductible, HSA available) My wife/kids coverage is thru her employ...
by ddurrett896
Wed May 12, 2021 6:47 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Question - Spouse on Different Insurance
Replies: 12
Views: 621

Re: HSA Contribution Question - Spouse on Different Insurance

I understand the spending piece covering the entire family. Sent the same question to my HR and they said I was able to contribute the max of $7,200 in your HSA account.

If my HR allows it, is there any way I can be penalized? Thanks!
by ddurrett896
Tue May 11, 2021 8:28 am
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Question - Spouse on Different Insurance
Replies: 12
Views: 621

HSA Contribution Question - Spouse on Different Insurance

I have a question on the annual HSA limits below: Individual max: $3,600 Family max: $7,200 I carry my health insurance thru my employer and quality for the HSA. My wife carries health insurance for her and our children thru her employer and doesn’t qualify for HSA (low deductible plan) Am I able to...
by ddurrett896
Tue May 11, 2021 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Helping in-laws with Senior Care Home Facilities
Replies: 16
Views: 1253

Re: Helping in-laws with Senior Care Home Facilities

Just a recommendation, we had a family member at Bay Lake in Virginia Beach that I’d recommend. On Shore drive and pretty close to the water.

https://www.rui.net/bay-lake
by ddurrett896
Fri May 07, 2021 6:11 am
Forum: Personal Consumer Issues
Topic: Country Club
Replies: 56
Views: 4976

Re: Country Club

I’ve read prior threads but thought I’d post a new one for feedback... About us - DH and I are early 40s, kids are 8, 11, 13. I work, DH is a SAHD. Income is $250-500k/year. Mortgage has $250k left (will be paid off in 12 months). College and retirement savings on track. Hope to stay in this house ...
by ddurrett896
Thu May 06, 2021 7:57 am
Forum: Investing - Theory, News & General
Topic: How Do You React After a Market Decline?
Replies: 66
Views: 3935

Re: How Do You React After a Market Decline?

I'll check my stock app, but won't log into my accounts to see the balances until it's back up.
by ddurrett896
Fri Apr 30, 2021 5:26 am
Forum: Personal Consumer Issues
Topic: Neighbor struggles with alcohol, what to do at dinner party?
Replies: 5
Views: 1897

Re: Neighbor struggles with alcohol, what to do at dinner party?

Drinks or no drinks, I’d tell them that behavior is unacceptable at my house and won’t be tolerated.

Then I’d enjoy a drink with my dinner.
by ddurrett896
Wed Apr 28, 2021 7:53 am
Forum: Personal Investments
Topic: I was investing in Roth IRA but now recently was made aware of girlfriend's ~$50k debt. Help?
Replies: 59
Views: 3935

Re: I was investing in Roth IRA but now recently was made aware of girlfriend's ~$50k debt. Help?

I wouldn't propose until she pays off the $50K and spending habits changed. Read thru some of the best/worst financial decision threads on the forum and see what other say about having spouses who don't treat finances the same as their spouse. For the debt, tackle the highest interest debt first whi...
by ddurrett896
Tue Apr 27, 2021 3:05 pm
Forum: Personal Consumer Issues
Topic: Maybe buying house owned by smokers - help
Replies: 36
Views: 2091

Re: Maybe buying house owned by smokers - help

Bought a house from a family member that smoked in it for 30 years. Replace HVAC and ductwork: $6,000 Sand/stain hardwood: $4,000 40 gallons of Killz on every wall in ceiling/wall: $800 Problem solved. Also: Throw away all possessions. Steam clean tile and grout on floors and bath surrounds. Replac...
by ddurrett896
Tue Apr 27, 2021 2:53 pm
Forum: Personal Consumer Issues
Topic: Maybe buying house owned by smokers - help
Replies: 36
Views: 2091

Re: Maybe buying house owned by smokers - help

Bought a house from a family member that smoked in it for 30 years. Replace HVAC and ductwork: $6,000 Sand/stain hardwood: $4,000 40 gallons of Killz on every wall in ceiling/wall: $800 Problem solved. The solution cost you $11k that a smoker wouldn’t have found necessary to bid, so by one definiti...
by ddurrett896
Tue Apr 27, 2021 1:40 pm
Forum: Personal Consumer Issues
Topic: Maybe buying house owned by smokers - help
Replies: 36
Views: 2091

Re: Maybe buying house owned by smokers - help

Bought a house from a family member that smoked in it for 30 years.

Replace HVAC and ductwork: $6,000
Sand/stain hardwood: $4,000
40 gallons of Killz on every wall in ceiling/wall: $800

Problem solved.
by ddurrett896
Sat Apr 24, 2021 9:51 pm
Forum: Personal Consumer Issues
Topic: Security Cameras
Replies: 25
Views: 2518

Re: Security Cameras

Huge fan of Nest.

$120/year for unlimited cameras, week of 24/7 recording and 30 days of motion clips. Simple setup and excellent interface on iPhone.
by ddurrett896
Fri Apr 23, 2021 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Lumber prices
Replies: 10
Views: 1171

Re: Lumber prices

I think it's greed or cashing in today before any potential corporate tax increases happen. My local HD and Lowes are stacked to the ceiling with lumber with trucks still delivering, however it's not moving out at the same rate. My local mill has logs pilled high and last week when I sat in the Hard...
by ddurrett896
Thu Apr 22, 2021 8:36 am
Forum: Personal Consumer Issues
Topic: Under kitchen cabinet led lights
Replies: 13
Views: 1256

Re: Under kitchen cabinet led lights

string.

cut, wire, tape, done.
by ddurrett896
Thu Apr 22, 2021 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Contribution Limits
Replies: 6
Views: 565

Re: Roth IRA Contribution Limits

I was in the same boat and it was easier to just backdoor Roth vs narrowing down where my AGI will land after a variable bonuses. Someone can correct me if I’m wrong, but the only downside to a backdoor is that you can’t touch the contribution money tax free like you could with a Roth. If you have n...
by ddurrett896
Mon Apr 19, 2021 6:53 am
Forum: Personal Consumer Issues
Topic: Ski Resort Recommendations for the first-timers? (emphasis on resort)
Replies: 81
Views: 5269

Re: Ski Resort Recommendations for the first-timers? (emphasis on resort)

Have you considered making a quick trip to Wintergreen sometime before you book your resort vacation to see if you still enjoy skiing? +1 for Wintergreen as 1/2 the mountain is designed for beginners. There is not much in terms of restaurants but a 15 minute drive down the hill puts you at a ton of...
by ddurrett896
Thu Apr 15, 2021 7:01 am
Forum: Personal Consumer Issues
Topic: Lawn care question
Replies: 38
Views: 2743

Re: Lawn care question

Growing grass in the spring is tough unless you keep up with watering thru the summer. It's going to take a year or two to get it looking good. Recommend going to a store that specializes in landscaping like SiteOne. They tend to sell higher quality items at a better price plus this where all the co...
by ddurrett896
Tue Apr 13, 2021 9:29 am
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 51
Views: 2959

Re: DIY recessed lighting installation?

In my county you wouldn't need a permit for that. For work that requires a permit, it's simple enough to pull then have inspected. Recessed lights are arguably the easiest thing to wire up, especially on an existing circuit. White to white, black to black, ground to ground and daisy chain them with ...
by ddurrett896
Tue Apr 13, 2021 6:44 am
Forum: Personal Consumer Issues
Topic: Best 4 wheel drive vehicle
Replies: 75
Views: 6186

Re: Best 4 wheel drive vehicle

4runner gets my vote. Handles us + 3 kids (2 in car seats) plus dog in rear with enough cargo space for the weekend bags.

If we extended past a weekend, the Yakima roof box carries everything else.
by ddurrett896
Sun Apr 11, 2021 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Anxiety about the future
Replies: 57
Views: 6609

Re: Anxiety about the future

Do you have vacation time? Start using it.
by ddurrett896
Sat Apr 10, 2021 3:30 pm
Forum: Personal Investments
Topic: Dependent Care FSA - American Rescue Plan - CONFUSED!!!
Replies: 3
Views: 282

Dependent Care FSA - American Rescue Plan - CONFUSED!!!

I elected to contribute $5,000 for 2021 Dependent Care FSA and just received an email from my employer that high earners are capped at $1,400 after an annual compliance test. Effective this week, I can no longer contribute and will be capped at the $1,400 which has already been deducted. My wife's e...
by ddurrett896
Tue Apr 06, 2021 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: What is the expected percentage (raise) for a manager position?
Replies: 24
Views: 2295

Re: What is the expected percentage (raise) for a manager position?

10% max.

Those I know who jump from company to company, even coming back to a previous employer, make the largest salary increases.
by ddurrett896
Mon Apr 05, 2021 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 119
Views: 11702

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

The phaseout behavior changed quite significantly for the credit where before it was a 35% credit dropping by 1% down to 20% for each $2,000 income over $15,000, and now it starts at 50% and only decreases after $125,000 income. This seems to allow a couple with $125,000 income and 2 kids to claim ...
by ddurrett896
Thu Apr 01, 2021 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Previous Salary req before offer
Replies: 24
Views: 2130

Re: Previous Salary req before offer

I'd put it on the current company and say something like, "my current employer considers that information confidential and I need to honor my commitment to them, therefore unable to share."
by ddurrett896
Tue Mar 30, 2021 3:38 pm
Forum: Personal Consumer Issues
Topic: Will building material costs return to Earth? Bonus (?): Deck Material Selection
Replies: 25
Views: 3283

Re: Will building material costs return to Earth? Bonus (?): Deck Material Selection

I wouldn’t do any home projects unless your absolutely must. Even $55 rolls of Romex 12-2 back in June are $103 today.
by ddurrett896
Tue Mar 30, 2021 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Moving to hometown?
Replies: 25
Views: 1910

Re: Moving to hometown?

We both have very tight-knit families and want our baby to get to know them. Our parents are also, of course aging, and we are both close with our parents. My wife depends on her parents for emotional supports. You can't put a value on this, it's invaluable. I'd move home ASAP. I'm in my 30s with 3...
by ddurrett896
Mon Mar 29, 2021 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Twenty Four Years of Taxes
Replies: 75
Views: 8590

Re: Twenty Four Years of Taxes

Thanks for making this thread. I’ve only got 8 years of home ownership and relatively young, making it easy to reference old tax info. Got it all in Excel and plan on updating for the rest of life.
by ddurrett896
Fri Mar 26, 2021 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 475
Views: 64205

Re: Tales from this insane real estate market

It sort of feels like that. The big difference I see is that there was an enormous home building boom in our area in 2007, and right now, nothing is getting built. Something is being built. Have you looked at the price of building materials? $3 2x4x8 studs selling for $7 $7 sheets of 7/16 OSB selli...
by ddurrett896
Wed Mar 24, 2021 5:19 pm
Forum: Personal Consumer Issues
Topic: Shower remodel: Floor is uneven and pools water
Replies: 8
Views: 547

Re: Shower remodel: Floor is uneven and pools water

Rip it our and re do is the only solution. Regardless, best practice is to wipe down shower glass and shower floor after each use. My shower has it's own towel that is used to wipe down the walls and floors after each use. You don't HAVE to do it but this eliminates the need for deep cleaning, espec...
by ddurrett896
Wed Mar 24, 2021 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: What is an average retirement a/c worth in America ?
Replies: 228
Views: 22641

Re: What is an average retirement a/c worth in America ?

matti wrote: Wed Mar 24, 2021 12:52 pm Hello. I'm 27 and have $74 million in the bank. Can I retire early?
Only if you drive a 15 year old Toyota Camry.
by ddurrett896
Wed Mar 24, 2021 8:12 am
Forum: Personal Consumer Issues
Topic: Need a TV - What Brand
Replies: 37
Views: 2303

Need a TV - What Brand

Want to add a TV to a room and haven't purchased a TV in over 10 years. Don't really care about picture quality - they all look good to me. What I do want is the ability to mirror my iPhone to show pictures and such and also stream music from an app on the TV like Pandora. Looking at TV reviews remi...
by ddurrett896
Wed Mar 24, 2021 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 475
Views: 64205

Re: Tales from this insane real estate market

It sort of feels like that. The big difference I see is that there was an enormous home building boom in our area in 2007, and right now, nothing is getting built. Something is being built. Have you looked at the price of building materials? $3 2x4x8 studs selling for $7 $7 sheets of 7/16 OSB selli...
by ddurrett896
Wed Mar 24, 2021 6:08 am
Forum: Personal Consumer Issues
Topic: Thinking of getting a cellphone for the first time
Replies: 24
Views: 2732

Re: Thinking of getting a cellphone for the first time

The title reminded me of Longmire then when your said you got a Wyoming number my interest really peaked.

Is that you Longmire?
by ddurrett896
Wed Mar 24, 2021 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Not enjoying role change. Should I quit?
Replies: 36
Views: 4149

Re: Not enjoying role change. Should I quit?

$560k severance is $335k after tax or 4.5 years of living expense....I’d take it.

You need $75k/year to live. Passive income of $2.8k makes up $33k of that. A million makes up the remaining $40k and you’ve got almost almost double that at $1.8MM in retirement accounts.

I’d take the package.
by ddurrett896
Tue Mar 23, 2021 8:27 am
Forum: Personal Consumer Issues
Topic: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)
Replies: 60
Views: 4920

Re: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)

What about things around the national parks (Grand Canyon, Yosemite, Zion) or the roads between them? Anyone with back-country backpacking experience, feel free to chime in with suggestions here. Check out Vermillion Cliffs National Monument. It's right off highway 89 which isn't too far from you a...
by ddurrett896
Thu Mar 18, 2021 8:00 am
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 24849

Re: What is the BEST thing you spent money on?

LL Bean jeans and Darn Tough Socks
by ddurrett896
Sun Mar 07, 2021 6:43 pm
Forum: Personal Consumer Issues
Topic: Home fire safe or safe deposit box?
Replies: 28
Views: 2286

Re: Home fire safe or safe deposit box?

anon_investor wrote: Sun Mar 07, 2021 4:42 pm
ddurrett896 wrote: Sat Mar 06, 2021 7:38 pm
squirm wrote: Sat Mar 06, 2021 2:41 pm Curious what documents are needed to be kept in a fireproof box, or vault.
Cash, birth certificate, ss card, passport, marriage license, will
The birth certificate, SS card, passport, marriage license can all be replaced.
Sure they can, but sitting in DMV with kids for hours sucks.
by ddurrett896
Sat Mar 06, 2021 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Career in sales
Replies: 36
Views: 2360

Re: Career in sales

Consumer package good company is good money.
by ddurrett896
Sat Mar 06, 2021 7:38 pm
Forum: Personal Consumer Issues
Topic: Home fire safe or safe deposit box?
Replies: 28
Views: 2286

Re: Home fire safe or safe deposit box?

squirm wrote: Sat Mar 06, 2021 2:41 pm Curious what documents are needed to be kept in a fireproof box, or vault.
Cash, birth certificate, ss card, passport, marriage license, will
by ddurrett896
Sat Mar 06, 2021 7:34 pm
Forum: Personal Consumer Issues
Topic: Home fire safe or safe deposit box?
Replies: 28
Views: 2286

Re: Home fire safe or safe deposit box?

anon_investor wrote: Sat Mar 06, 2021 2:23 pm
ddurrett896 wrote: Sat Mar 06, 2021 2:18 pm Huge gun safe, then put all my documents and backup drives inside a smaller portable safe that sits inside the large safe.
Is the small safe also fire proof?
Yes
by ddurrett896
Sat Mar 06, 2021 2:18 pm
Forum: Personal Consumer Issues
Topic: Home fire safe or safe deposit box?
Replies: 28
Views: 2286

Re: Home fire safe or safe deposit box?

Huge gun safe, then put all my documents and backup drives inside a smaller portable safe that sits inside the large safe.
by ddurrett896
Fri Mar 05, 2021 3:18 pm
Forum: Personal Investments
Topic: Invest HSA - What Investment Firm?
Replies: 8
Views: 672

Re: Invest HSA - What Investment Firm?

Is there a reason to move my HSA to Fidelity over Vanguard? Thanks!
by ddurrett896
Sat Feb 27, 2021 9:42 am
Forum: Personal Consumer Issues
Topic: Changes to LastPass free
Replies: 209
Views: 14889

Re: Changes to LastPass free

neilpilot wrote: Sat Feb 27, 2021 9:20 am Sure....just give them the LastPass password (and log in instructions) in your end of life instructions.
Problem is that I leave that in my safe too since is contains all of my account number and personal info.
by ddurrett896
Sat Feb 27, 2021 9:42 am
Forum: Personal Investments
Topic: Invest HSA - What Investment Firm?
Replies: 8
Views: 672

Re: Invest HSA - What Investment Firm?

I have same options and i chose TD Ameritrade. The other one charges useless fees. At TD they have Schwab index funds and ETFs and also Vanguard ETFs. So plenty of low cost options. Hey I just setup my TD Ameritrade account and tried to add beneficiaries and received the message "Beneficiaries...
by ddurrett896
Sat Feb 27, 2021 9:19 am
Forum: Personal Consumer Issues
Topic: Changes to LastPass free
Replies: 209
Views: 14889

Re: Changes to LastPass free

How do you handle family members getting your passwords?

I was a will and end of life instruction with all banking/financial/password info all in a safe. Is there a way to give someone access without giving them access while your alive?
by ddurrett896
Fri Feb 26, 2021 3:09 pm
Forum: Personal Investments
Topic: Invest HSA - What Investment Firm?
Replies: 8
Views: 672

Invest HSA - What Investment Firm?

My HSA funds are held at HSA bank and I'd like to invest them. My two options are TD Ameritrade and DENVAIR. I don't have any accounts with either of them, so looking for advice on which to go with. Below are quotes from each: TD Ameritrade Offers a wide selection of investment choices, educational ...