Search found 2450 matches

by 8foot7
Tue Apr 20, 2021 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Received a "surprise" $13,000 IRS refund check on 2018 taxes. Please advise.
Replies: 39
Views: 3234

Re: Received a "surprise" $13,000 IRS refund check on 2018 taxes. Please advise.

texasgal47 wrote: Tue Apr 20, 2021 7:28 pm I also need to review check carbons from that period to R/O a possible large estimated tax payment that was forgotten when filing.
I think I would like to be you if you are able to forget that you made an $11,000 estimated tax payment.
by 8foot7
Mon Apr 19, 2021 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Promotion and Salary Negotiations
Replies: 17
Views: 2189

Re: Promotion and Salary Negotiations

The risk here is if the company has decided your current position is going away, in that either you get promoted or you get shown the door. If you decline the promotion because the money isn't there, are you positive things would revert to the way they are now? I can think of three instances in our ...
by 8foot7
Mon Apr 19, 2021 3:36 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 132
Views: 12214

Re: Why leasing a new car is always the best option even if you intend to keep it forever

vanbogle59 wrote: Mon Apr 19, 2021 3:25 pm
"... I guess we can't go visit your mother..."
This is a feature.
by 8foot7
Mon Apr 19, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Bad Work Situation - Can I Retire Leave/Retire
Replies: 27
Views: 4890

Re: Bad Work Situation - Can I Retire Leave/Retire

2.6 and a paid off home? You won’t go hungry. What number would give you the confidence to make the leap?
by 8foot7
Sun Apr 18, 2021 6:28 pm
Forum: Personal Investments
Topic: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?
Replies: 67
Views: 16550

Re: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?

I mean, ask yourself this question. How many people could really be buying his e-book “engineering your layoff”? He claims he is getting $50,000 a year in income from it. Given it's $97 a pop and he's keeping all of it less merchant fees, that's only 500 sales, or 41 copies a month, or a little ove...
by 8foot7
Sun Apr 18, 2021 11:57 am
Forum: Personal Investments
Topic: Turning over accounts to 18 year old
Replies: 13
Views: 1312

Re: Turning over accounts to 18 year old

Thanks to all for their input! To clarify, not California, upper Midwest. Based on the feedback, I will split the difference :happy Will NOT turn over control of 529 yet, teen will be beneficiary and not owner. WILL turn over the Roth sometime between 18-21, but first will have a detailed conversat...
by 8foot7
Sat Apr 17, 2021 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of vacation club contract
Replies: 21
Views: 5213

Re: Getting out of vacation club contract

I know OP’s issue has been resolved but simply stopping payments is the way to go for any folks reading this in the future in similar situations. A Mexican timeshare company is not going to come after you in the US, and if you aren’t paying then why do you care about late fees and interest? It’s jus...
by 8foot7
Sat Apr 17, 2021 5:56 pm
Forum: Personal Consumer Issues
Topic: Temp change in remote location - tell employer?
Replies: 35
Views: 2858

Re: Temp change in remote location - tell employer?

To me this is one of those forgiveness rather than permission things if it’s not any longer than a couple of weeks. I have a team of four, three of whom are entirely remote, and I would not expect to be otified nor require them to notify me as long as their availability and service level remained on...
by 8foot7
Sat Apr 17, 2021 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?
Replies: 45
Views: 5177

Re: I want to buy cash with my credit card. Will the IRS allow this adventure of mine?

I would not go looking to potentially increase the amount of contact I have with the IRS or their motivation to examine my account. Rule of thumb.
by 8foot7
Thu Apr 15, 2021 8:04 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: 7214

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

Why are you folk so reluctant to let the dealer do a hard pull? Because if I am not borrowing money from the dealer or its affiliates, then the private information in my credit file is none of their business? Because it's none of my creditors' business (who monitor and review your report for new in...
by 8foot7
Thu Apr 15, 2021 8:03 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: 7214

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

Wire the money. No pull, no wait, $30 or whatever (or free if you have money at Fidelity or many brokerages). Or, and this is probably what I would do, call their bluff and walk. "I'm not thawing my credit, I don't remember my PINs and I drove 2.5 hours to get here. If I leave I'm not coming b...
by 8foot7
Thu Apr 15, 2021 8:01 am
Forum: Personal Consumer Issues
Topic: Advice on where to stay Kiawah Island, SC
Replies: 10
Views: 1013

Re: Advice on where to stay Kiawah Island, SC

you would be surprised at how much you pay to get an older dingy rental. I've found people/rental companies don't keep these places maintained because they rent like gangbusters so they don't have to. This is my biggest problem with the house/condo rental -- these places are hundreds a night and ar...
by 8foot7
Wed Apr 14, 2021 7:54 pm
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: 7214

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

Why are you folk so reluctant to let the dealer do a hard pull? Because if I am not borrowing money from the dealer or its affiliates, then the private information in my credit file is none of their business? Because it's none of my creditors' business (who monitor and review your report for new in...
by 8foot7
Wed Apr 14, 2021 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: House appraisal in insane market
Replies: 21
Views: 2248

Re: House appraisal in insane market

My son signed a contract 8 months ago for new construction, 400K The developer is currently selling that model in that same subdivision starting at 460. They close in 2 weeks. The appraisal just came in at 380. Oops. It's sort of stupid, isn't it? You get a bunch of people literally agreeing to buy...
by 8foot7
Wed Apr 14, 2021 12:39 pm
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: 7214

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

Wire the money. No pull, no wait, $30 or whatever (or free if you have money at Fidelity or many brokerages). Or, and this is probably what I would do, call their bluff and walk. "I'm not thawing my credit, I don't remember my PINs and I drove 2.5 hours to get here. If I leave I'm not coming ba...
by 8foot7
Wed Apr 14, 2021 8:40 am
Forum: Personal Consumer Issues
Topic: Oral surgeon said we were legally required to give SS#, then they got hacked
Replies: 53
Views: 5942

Re: Oral surgeon said we were legally required to give SS#, then they got hacked

I'm a rebel without a cause, but I always give a fake SS # in these situations. +1. In situations where the SSN is requested but doesn't seem legitimately needed, I have given out a number that is one number off from the correct one . They have yet to notify me that the number is wrong. I suppose t...
by 8foot7
Tue Apr 13, 2021 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 68
Views: 4824

Re: How would you handle this? -- big utility company problem!

I think you went overboard spending $3k on insulation to reduce a $170/mo gas bill anyway. You live in frozen tundra basically. Even if you managed to cut the higher bill in half, it would still take you 3 years to break even on the upfront cost of the insulation--what if you move? sell the home? et...
by 8foot7
Tue Apr 13, 2021 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial arrangements
Replies: 123
Views: 8933

Re: Prenuptial arrangements

Here's a question: why get married? I ask it not flippantly but in a very real sense. Put aside for a moment the laundry list of minor items that gets posted every time someone asks this question (visiting bedside at death, etc). If you cannot, for example, reach an agreement on early retirement or ...
by 8foot7
Tue Apr 13, 2021 8:40 am
Forum: Personal Consumer Issues
Topic: Oral surgeon said we were legally required to give SS#, then they got hacked
Replies: 53
Views: 5942

Re: Oral surgeon said we were legally required to give SS#, then they got hacked

I would suggest filing a complaint with the FTC, the state medical board, and the BBB for this oral surgeon. There is no law compelling you provide to them, or them to collect from you, your social security number. Any surgeon lying to customers for his or her business' benefit deserves to be report...
by 8foot7
Mon Apr 12, 2021 7:36 pm
Forum: Personal Investments
Topic: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?
Replies: 48
Views: 4075

Re: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?

Personally I would feel different with 1.6 million and a paid off house than 1.8 million and a 200k mortgage.
It probably doesn't much matter. Congrats :sharebeer
by 8foot7
Sat Apr 10, 2021 11:07 am
Forum: Personal Finance (Not Investing)
Topic: house sale: check or wire?
Replies: 21
Views: 1062

Re: house sale: check or wire?

Hardly any bank will hold a check written on an attorney trust account with “real estate proceeds” or similar denotations. Also where are y’all banking where you have to wait in a line to make a deposit? To see a banker, sure, but I’ve never waited more than a minute or two to see a teller. And that...
by 8foot7
Sat Apr 10, 2021 8:40 am
Forum: Personal Finance (Not Investing)
Topic: house sale: check or wire?
Replies: 21
Views: 1062

Re: house sale: check or wire?

This may be area dependent but down here the attorneys demand incoming funds be done through a wire, and everyone receiving funds gets a check from the attorney’s trust account
by 8foot7
Sat Apr 10, 2021 8:27 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10545

Re: In-Laws' HOA demanding $8000 lumpsum payment

Seems to me like you have to figure out how to prove if the sellers knew the $8000 special assessment was lurking out there. Seems like they disclosed the lawsuit and may have not known what was coming. In laws did not do their DD. Hard to imagine title insurance doing anything about this as it doe...
by 8foot7
Sat Mar 13, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Listing Realtor asking me to have mortgage lenders call her directly.
Replies: 85
Views: 6507

Re: Listing Realtor asking me to have mortgage lenders call her directly.

I'd mail a copy of your offer, unsigned, to the address of the owners on record of the property you are purchasing and let them know you were willing to make this offer but the selling agent refused to bring it to them. Perhaps it does no good. Perhaps it does. But I can't think of many situations i...
by 8foot7
Thu Mar 04, 2021 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Dentist billing in advance
Replies: 84
Views: 6532

Re: Dentist billing in advance

Payment after services have been rendered is what professionals require. We collected the copayment at the end of the appointment. We did NOT wait for insurance to pay first and then balance bill. Dentist that do that, will find that they have a high non-collections rate. Our collections rate was 1...
by 8foot7
Wed Mar 03, 2021 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Dentist billing in advance
Replies: 84
Views: 6532

Re: Dentist billing in advance

I’ll pay day of procedure upon arrival, and perhaps for hardware/products that are custom made further in advance, but I am not prepaying for labor. This! Nothing wrong with that....if you can find a sucker. Getting harder and harder these days with so many deadbeats. Good luck with what I guess is...
by 8foot7
Thu Feb 25, 2021 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Closing on a house and frost damaged shrubs
Replies: 26
Views: 1979

Re: Closing on a house and frost damaged shrubs

If a buyer tried this on me a day before closing I'd fight tooth and nail to keep their earnest money. Agree with the suggestion to lean on the realtors who have a real incentive to keep a 90% opportunity on track to close. I wouldn't give one red cent to the buyer for shrubbery killed in a freak wi...
by 8foot7
Wed Feb 24, 2021 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Schwab vs Fidelity - For Brokerage/Banking/Debit & Credit Card Use
Replies: 49
Views: 5092

Re: Schwab vs Fidelity - For Brokerage/Banking/Debit & Credit Card Use

I've been a huge Fidelity fan for 25 years. Over the past year, however, their customer service has gotten quite bad in my view. 30 minute wait times are not unusual. I recently needed a document for a real estate closing - after a 45 minute wait, they told me I needed to send a "secure messag...
by 8foot7
Mon Feb 22, 2021 10:00 am
Forum: Personal Investments
Topic: oh what to do?
Replies: 20
Views: 2952

Re: oh what to do?

I don't think it matters what you do. You obviously have some comfort level with a bunch of cash, and you have precious little actual need to take any risk. Honor that.
by 8foot7
Mon Feb 22, 2021 9:57 am
Forum: Personal Finance (Not Investing)
Topic: New home construction and possible settlement?
Replies: 18
Views: 1665

Re: New home construction and possible settlement?

I would get your money back and go elsewhere. Ask yourself what incentive the builder has to do any sort of quality work at this point.
by 8foot7
Sat Feb 20, 2021 9:22 am
Forum: Personal Consumer Issues
Topic: Warranty Dishwasher Repair
Replies: 21
Views: 1518

Re: Warranty Dishwasher Repair

This is why I never bother with these extended warranties, although I understand op is under the original factory warranty. Being without a washer dryer, refrigerator, freezer, dishwasher etc for months is more costly to us in wasted time and frustration than simply buying a replacement unit when on...
by 8foot7
Wed Feb 17, 2021 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Using a Margin Loan while Waiting for Refi to Complete
Replies: 17
Views: 1063

Re: Using a Margin Loan while Waiting for Refi to Complete

Lots of misinformation in this thread. A margin loan would not show up on credit report and, since it is not amortized, has no required payment as the interest becomes capitalized so it would not affect your DTI, which is what an underwriter cares about. There is no issue with your plan.
by 8foot7
Sat Feb 06, 2021 10:10 am
Forum: Personal Finance (Not Investing)
Topic: No 1099 received: What if amounts don't match
Replies: 3
Views: 249

Re: No 1099 received: What if amounts don't match

I am always missing a 1099-MISC or two when I file. If you know what you received in terms of money/remuneration, no reason not to file. The risk is when you report income less than the aggregate amounts of your 1099s; it's common (and even somewhat expected) to have income on your Schedule C exceed...
by 8foot7
Tue Feb 02, 2021 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: promotion without salary increase
Replies: 81
Views: 7734

Re: promotion without salary increase

jpmorganfunds wrote: Sat Jan 30, 2021 11:02 pm
omega wrote: Sat Jan 30, 2021 5:56 pm And the whole group has been promoted to director level, including people who joined last year and people who have less experience than me.
That's not really a promotion then is it?
This.
by 8foot7
Sun Jan 31, 2021 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow - pay off everything or finance everything?
Replies: 25
Views: 2111

Re: Cash flow - pay off everything or finance everything?

As others have said, this doesn't make sense in an era when you can't park cash anywhere and get even close to a 1% rate. Even managing to float $5,000 consistently for an entire year, at 0.5% interest (the going rate at Ally), means you've made $25 and you've only made that $2/mo at a time. As bill...
by 8foot7
Sun Jan 31, 2021 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Security backed LOC & Mortgage Application
Replies: 2
Views: 264

Re: Security backed LOC & Mortgage Application

Most lenders will use Fannie guidelines to underwrite their mortgages; some put additional 'overlays' on top of these guidelines to make them more stringent. Loans Secured by Financial Assets When a borrower uses his or her financial assets—life insurance policies, 401(k) accounts, individual retire...
by 8foot7
Sun Jan 31, 2021 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Low Appraisal
Replies: 8
Views: 732

Re: Low Appraisal

Inventory in our market in our price range is super low. Neighbor put house on market last week, similar specs to ours, purchased for 690, for 835. Because of low inventory they received an offer among 17 (!) for 865. Just so happens we are in the middle of a refi and our appraisal came back for 740...
by 8foot7
Sun Jan 31, 2021 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Forgot a W2 on 2019 return, can I add it to 2020 return?
Replies: 19
Views: 1812

Re: Forgot a W2 on 2019 return, can I add it to 2020 return?

If you can’t efile, given the extreme delays we are finding the IRS in with regard to mailed returns, I would just let them catch up with you and pay the correct amount that they assess when they do discover the discrepancy. This is $300; hardly worth making a federal case over and they are sure to ...
by 8foot7
Thu Jan 28, 2021 3:58 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4570
Views: 230224

Re: TD Ameritrade & Robinhood restrict trading of GameStop and AMC stock

It would be one thing if they halted trading, but they are ONLY halting buys. However, there is NO SUCH THING! There must be a buyer if sales are allowed - so guess what, SOMEONE is allowed to buy. And of course, it's those needing to unwind their shorts. I don't know if there's ever been more blat...
by 8foot7
Wed Jan 27, 2021 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Ugh Fidelity! May have to leave!
Replies: 92
Views: 8384

Re: Ugh Fidelity! May have to leave!

Thanks to all re ACH information. Who knew? I always thought a transfer was a transfer and smelled as sweet and all that. For all my years in financial services, I never touched retail operations. I just set up the BoA account with information for pushing to UMB. It will take a little while (depend...
by 8foot7
Mon Jan 18, 2021 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Family support for an artist
Replies: 188
Views: 10972

Re: Family support for an artist

What do your other children think? Thought exercise: Why should that matter? Can the parents do whatever they want with their money? Do the parents have any obligation to discuss their affairs with anyone else? It's your money. Parents can do whatever they want to do with their money. However, fami...
by 8foot7
Fri Jan 15, 2021 7:34 pm
Forum: Personal Consumer Issues
Topic: Secure email provider
Replies: 23
Views: 1962

Re: Secure email provider

Fastmail is worth a look.
by 8foot7
Wed Jan 13, 2021 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Got a job offer for $840k/yr. Should I come out of retirement?
Replies: 229
Views: 29176

Re: Got a job offer for $840k/yr. Should I come out of retirement?

As for the notion above in some responses that a $6 million portfolio at 38 isn't enough to retire on, that's mularkey. OP could lose about half of it, never recover the loss, and still draw out his $110k at a 3% rate -- and that's assuming that during the time his investments decline in value by ab...
by 8foot7
Tue Jan 12, 2021 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Got a job offer for $840k/yr. Should I come out of retirement?
Replies: 229
Views: 29176

Re: Got a job offer for $840k/yr. Should I come out of retirement?

$6 million buys you the right to say no to things you don't want to do except following the law. While 70k/month is a large amount of money, what is its marginal utility for you? What will it enable you to do that you cannot now? Is whatever it is that 70k month will enable you to do worth giving up...
by 8foot7
Mon Jan 11, 2021 12:02 pm
Forum: Personal Consumer Issues
Topic: Temporary school absences for travel
Replies: 29
Views: 1602

Re: Temporary school absences for travel

You're the parent. An otherwise engaged, well-supported student taking a trip with even a modicum of educational value is not an issue. Frankly I do not generally mind pulling out my children even for vacations of a week or less, especially around "shoulder" times like Mon-Wed before Thank...
by 8foot7
Sun Jan 10, 2021 10:57 am
Forum: Personal Finance (Not Investing)
Topic: The IRS is after me: Notice CP503 and CP14
Replies: 15
Views: 3123

Re: The IRS is after me: Notice CP503 and CP14

Good Listener wrote: Sat Jan 09, 2021 8:59 pm The irs like all government agencies has a lot more resources than you do. Just pay it if it's such a small amount
forget it.
I am surprised to hear a suggestion that the OP should write off $1,800 in overpaid federal taxes
by 8foot7
Sat Jan 09, 2021 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Weird Phone Conversation with Fidelity
Replies: 56
Views: 5562

Re: Weird Phone Conversation with Fidelity

This board baffles me sometimes. There is an active thread about Vanguard sending $150,000 mistakenly to an ex-spouse and then blaming the complainant for the error, and many if not most responses are to the tune of “I’ve never had a problem” or “chill out dude, this happens all the time.” But here ...
by 8foot7
Fri Jan 08, 2021 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Probate: CA vs ID? [Minor child inherits grandparent's estate]
Replies: 71
Views: 3727

Re: Violation to Divorce Decree Life Insurance Beneficiary Designation

While it may be true that your ex-husband was in violation of a decree to carry insurance fbo your child, it seems like a potentially expensive task to try to redirect the proceeds of another policy with a valid beneficiary designation in place. One would assume the current policy beneficiary, the o...
by 8foot7
Fri Jan 08, 2021 12:07 pm
Forum: Personal Consumer Issues
Topic: Why do car salesman want to talk to me?
Replies: 63
Views: 6716

Re: Why do car salesman want to talk to me?

I bought a new 2020 Honda Odyssey Elite (msrp $48,450) for $41,710 + our state's 3% highway use tax = $43,000 out the door. Wrote a check to the penny. I emailed 9 dealers in a 200 mile radius inquiring about 13 specific VINs that we would have been happy with and asked for OTD quotes. Gave everyone...