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Rental Losing $105 a Month Should I Sell?
Added on : Friday April 18th 2014 07:00:12 AM
g: 0 Posted By: anandtechuser
Views: 1071 Replies: 29 Renting a Condo in Irvine for $2045 a month Rental's Total Monthly cost is $2150, bought for 425k now worth about 525k

Monthly Expenses
$200 HOA
$368 Property Tax
$32 Insurance HO-6
$1520 Mortgage
$30 Gardener
---------------------------
Total $2150 vs $2045 Rental Income

*This does not include any repairs, prob cost of repairs is $100 a year.

Should I sell or keep?


Real Estate Deals
Rental Losing $90 a Month Should I Sell?
Added on : Thursday April 17th 2014 09:00:07 PM
g: 0 Posted By: anandtechuser
Views: 56 Replies: 1 Renting a Condo in Irvine for $2030 a month Rental's Total Monthly cost is $2120, bought for 425k now worth about 525k

Monthly Expenses
$200 HOA
$368 Property Tax
$32 Insurance HO-6
$1520 Mortgage
---------------------------
Total $2120 vs $2030 Rental Income

*This does not include any repairs, prob cost of repairs is $100 a year.

Should I sell or keep?


Real Estate Deals
Part-Time 1099 Work while on Unemployment Insurance Benefits
Added on : Thursday April 17th 2014 06:00:05 PM
g: 0 Posted By: trekwars2000
Views: 99 Replies: 5 So my wife has been out of work for 6 weeks and is now receiving UIB payments. She is constantly looking for work and a very good prospect is coming up in which she would start work in around 6-8 weeks. Until then, she has been socializing with a company about doing some part time work up to a big event that is 8-10 weeks from now. It would be 1099, independent contract (IC) work. They are more or less offering to pay a flat rate but do state: "Again, we're estimating 200 part time hours for the project with a budget of $x,000. Please keep track of your hours. You will be compensated for significant hours (10%) above the estimated 200."

I have some questions for other ICs out there. First, I see the IRS is very strict on who is and is paid as an IC. I have a list of questions for her to ask tomorrow that include if her expenses are reimbursed for driving for work. If this answer is yes and they insist that she keep track of her hours is she really an IC?

Also, the amount they are offering to pay is right about what she was getting paid hourly before at her old work, but without any benefits. If she was paid like $10/hour before with medical, 403b, vacation, etc what would the IC rate be? 12/hr, 15/hr, 20/hr, 30/hr? Additionally, if this is a IC situation I see we will owe 15.3% + our federal tax rate. I also see we can deduct expenses like home office use, computer equipment depreciation, auto expenses, etc. Can we still deduct this if this is a very short work assignment? I don't know much about these deductions but are any of them going to be decent? My wife is being told she will be doing almost all the work from home.

Finally, I know this really probably depends on the state (NV here), but is there anyway to leverage this? I am pretty sure here if you work in a week and are not paid you still need to estimate what you will be paid and that will be deducted from your UIB weekly payment. So I would think if this is part time we do something like work 0 hours, then 40-60 hours, 0 hours, 40-60, but I'm not too sure about it. Does anyone have any experience with this type or work schedule being on UIB in NV or any other state?
Personal Finance Deals
USAA insurance policy
Added on : Thursday April 17th 2014 06:00:08 AM
g: 0 Posted By: HawkeyeNFO
Views: 99 Replies: 1 Been with them for many many years, and have never received a call to "review your policy" until yesterday. Have they changed how they do business? I haven't bought a new car or house in the past few months, so this seems to me like some kind of scam or attempt at fraud. Anyone seen something similar?
Question Deals
Eye exam - Insurance says covered but billed for $311
Added on : Wednesday April 16th 2014 01:00:06 PM
g: 0 Posted By: netkicker2000
Views: 200 Replies: 3 Wife decided to get her eyes checked out. She doesn't use glasses or lenses she just wanted to have a routine eye exam to see if her eyes are still doing ok. She calls the insurance first to make sure it is covered. Insurance says it is. She makes an appointment with an eye doctor affiliated with one of the big hospitals. When she goes to the appointment before the procedure she also checks with the receptionist to make sure the eye exam is covered. She was told yes. Doctor says her eyes are ok there are no problems and no need for glasses or lenses. About a month later we received a bill in the amount of $311 after insurance. She calls the insurance finds out doctor did more than a routine eye exam for some reason and that's why it was $311. Calls the hospital explains situation. Hospital looks into it and sends a letter explaining it was not incorrectly coded so we need to pay. Is there anything we can do at this point? Does anyone have any recomendations/experience on how to fight this?
Question Deals
Filing an insurance repair for windshield damage
Added on : Tuesday April 15th 2014 05:00:14 AM
g: 0 Posted By: spydermonkey
Views: 85 Replies: 2 A rock hit my windshield and made a nice little star crack. Its small enough to repair and its not in my line of sight. Safelite says they can fix it for free, that insurance would cover it. If I don't get it repaired, the crack will likely get bigger, which would cost more to replace the entire windshield. Since this is a non-collision claim, this shouldn't cause my insurance to go up, correct? Anyone have experience with this?

Question Deals
Dentist bill reasonable?
Added on : Monday April 14th 2014 06:00:07 PM
g: 0 Posted By: Table83
Views: 0 Replies: 0 Attached an image of potential dentist bill. Brush & Floss every day yet I still have 4 cavities. One of the cavities is in a tooth that the cavity is underneath old work that was done years ago by another dentist in an area that I don't live in any more. New dentist is saying that it needs to be crowned. I'd be OK if a crown didn't cost $452 after insurance. To remove my last remaining wisdom tooth is only $39.80. To spend $874 is just too much for me. I'm considering not getting the guard. And am considering shopping around for the crown price, but don't know if you can do that on dentist stuff because they have the x rays and stuff. This is very expensive for me as I don't have a lot of disposable income.

Questions:
1) Are these charges reasonable?
2) Is it possible to shop around for stuff like this?
3)Would you just pay and be done with it?
4) Does it cost extra if I just want to be put under when they do all these? I hate the smell of teeth, and the novocain doesn't work to well on me.
5) Any other advice?
Swanson health products swansonvitamins.com $10 Off
Added on : Monday April 14th 2014 01:00:01 PM
g: 0 Posted By: Rubl
Views: 0 Replies: 0 $10 OFF for purchases $50+ (free shipping over $50)

CODE: KEEPCASH

*To redeem this offer, please click through this email or use case-sensitive promo code KEEPCASH during checkout. 10 Dollars Off offer ends 11:59 pm Central Time, Friday, April 18th 2014. May be redeemed only once per customer during this promotion's timeframe. Order total must meet or exceed the qualifying threshold before shipping and sales taxes have been applied. Minimum purchase does not include donations, gift certificates or delivery insurance. Free standard shipping requires a minimum purchase of $50 after any discounts or sales taxes have been applied. Minimum purchase does not include donations, gift certificates or delivery insurance. Domestic orders only. Orders over $50 shipped outside the 48 contiguous United States will be subject to additional freight charges (less $4.99 standard shipping charge). Orders under $50 and expedited shipping are subject to the regular shipping rates. Limit one promo code per order. Not valid with previous orders or at Swanson retail store. Product prices and availability are subject to change.
Should I buy this car
Added on : Sunday April 13th 2014 06:00:03 PM
g: 0 Posted By: sultansana
Views: 63 Replies: 1 =12pxHi there fellow FWs. This is my first time buying a car on my own (I moved to the US a few years back but now need a car for work purposes). I am looking to buy a used car and a co-worker is off-loading his Honda Accord Coupe V6 1998 model. Shitty exterior with paint scraped off at many places and dents on the right back bumper, but nice interior with cruise control, power windows and seats, sunroof and stereo. He had the axel and brakes changed 2 months ago and it was certified for this year last month. He says he has been on top of oil change and maintenance. I took it for a test drive and didn't hear any weird noises/knocking, it handled well and the I did not identify any gross engine problems. It has 150K miles on it. I am basically in need of a car which for 2 months I will be driving 75 miles/week (Cambridge to Burlington, MA) and after that less than 25miles/week. He is asking for 2K. I am looking for a car just to get me from point A to B and likely only need it for a year. I have never taken care of a car before in terms ofmaintenance etc and it is my first car in the US so I am trying to keep insurance costs low. Should I pull the trigger or scrape together a few K more and buy something a little newer? I am just worried about it breaking down on the interstate leaving me stranded.
Thank you for your opinions in advance,
Question Deals
How to handle obamacare as an employer?
Added on : Sunday April 13th 2014 11:00:10 AM
g: 0 Posted By: fleetwoodmac
Views: 91 Replies: 0 This is a question for a friend
He is a self employed person and he has one employee working for him, with wife and 2 kids working for him including himself he is 5 person company.

None of these 5 people had health insurance before.
He knows he is late because the due date was 3/31/2014 but he wants health insurance now for himself, wife and 2 kids.
He is also wondering if this is advantageous to give health insurance to 1 non family employee and then deduct this expense from income and charge this 1 employee accordingly.

So how is he supposed to handle this? I showed him texas health insurance exchange website but there is nothing for an employer there.

Please help!!


Question Deals
g: 0 Posted By: ecstatica
Views: 1454 Replies: 3 Hey all,
I was looking to open an $5500 IRA to reduce my tax liability this year and I stumbled upon these new Capital one 360 sign up offers:
$50 for opening a checking
$25 for opening a savings
$25 for opening a kid's savings
$25 for opening a kid's checking with debit card
$50 for opening an IRA
Nice heads up for some free money.

Details:. Member FDIC
Products and services offered by Capital One 360, a division of Capital One, N.A., Member FDICFederal Deposit Insurance Corporation.
2014 Capital One. All rights reserved.360 Checking account: Bonuses are only paid for accounts that are opened and a total of 3 Debit Card purchases or Person2Person Payments (or any combo of the two) are made within 45 days of account opening. The $50 bonus is available only for new accounts with a new Customer as primary owner. Your $50 bonus will automatically be deposited into your account on day 50. Variable Annual Percentage Yields (APY) effective 4/11/2014. 0.20% for balances up to 49,999.99; 0.75% for balances between $50,000.00 and $99,999.99; 0.80% for balances of $100,000.00 or more. https://r.capitalone360.com/bkqyH7yqnG
360Savings account: Bonuses are only paid for accounts that are opened with an initial deposit of at least $250. Initial deposit does not include bonus. The $25 bonus is available only for new accounts with a new Customer as primary owner. Bonus starts earning interest upon account opening, but is unavailable for withdrawal for 30 days. Variable 0.75% APY effective 4/11/14. https://r.capitalone360.com/bkqyH7yqnG
KidsSavings Account: The $25 bonus is available for new accounts adding at least one new Customer to the bank. Bonus starts earning interest upon account opening, but is unavailable for withdrawal for 30 days. Variable 0.75% APY effective 4/11/2014.https://r.capitalone360.com/bkqyH7yqnG
Money: Bonuses are available for new accounts adding at least one new Customer to the bank. To be eligible for the bonus, open MONEY and make 1 Card purchase within 30 days of account opening. Your $25 bonus will automatically be deposited into your account on day 35. Variable 0.25% APY effective 4/11/2014.https://r.capitalone360.com/bkqyH7yqnG
Privacy Notice: At Capital One 360, we're sensitive to your privacy.

i changed the links to be more direct. Sorry. I suppose I was boasting a bit lol. Sorry about that too. This is not spam though. I signed up for the checking and the IRA bonuses and got a free $100.
Deposits Deals
Should I care about TransUnion? Too few accounts?
Added on : Friday April 11th 2014 06:00:07 PM
g: 0 Posted By: doublePie
Views: 91 Replies: 0 Last year, my husband and I refinanced our home from a 30 fixed 6.25% FHA to 15 fixed 3.25% conventional. The monthly payment only increased about $50 and $23 of that is PMI will drop off in August (I've confirmed). At that time, both of us had a credit score with each of the big three within 20 points either way of 800.

A year later, my husband applied for a Sallie Mae Mastercard and the score they used to issue it was 732 from TransUnion.

Reasons:

Number of accounts with delinquency
Proportion of loan balances to loan amounts too high
Too few accounts currently paid as agreed
Proportion of balances to credit limits too high on revolving accts

Gross income was $71,000 last year, which has been steadily rising for the past 7 years. Net take home is $4050 (after 401K, health insurance, HSA, United Way).
The mortgage was $103,000 on a $123,000 property.
Card 1: CreditFirst (Firestone): We have it for the discounts and promotions. Paid off every month with the exception of one month in 2011 when we forgot about it and it went 30 days over. D'OH.
Card 2: Brand new Sallie Mae card with a $12,500 limit.
Card 3: Very vanilla VISA through our credit union. $13,500. Paid off every month, no exceptions. Averages about $1500/month. It is used for pretty much everything -- gas, groceries, cellphone bill, internet, home improvement stuff, restaurants. According to TransUnion, it had a high water mark of just over $7000 at one point in 2011, but even then I believe it was paid off the same month from savings.
New car loan of $16,300. The first payment is due at the end of this month. $4000 down payment. 2.6% for 60 months (2013 model didn't qualify for promotional rates)
Mortgage is $872 total with principle, escrow, and interest. If you haven't gathered from the fact that it's a $123K house... we have no HOA fees.

(EDIT: I should add that my own credit union VISA runs about $800 per month, just to give a fairer idea of the total household picture. That's the only thing i have in just my name).

I have no significant income and that will not change for several years. I'm just home with the babies right now.

Our proportion of loan balances to loan amounts will fall off as soon as our brand new loans have shrunk with time and payment and the one delinquent payment we've ever made just is what it is. So is the answer to actually open up another credit card or two, pay on the loans as scheduled, and work to get the number back up OR is it to just not worry about TransUnion since we're not using credit for anything in the near future anyway and 732 isn't really bad?

Meanwhile, my score from Equifax was 832 (husband's was 794) and I haven't had any income not reported on a 1099-MISC in about three years.

And since I've typed all of this out anyway, any general advice on handing our current cash flow and debt? We have an emergency fund but haven't set up college savings for the kids yet, in part because once I go back to work, we will have an entire extra income of about $35,000 net to put towards education and retirement.


Investing Deals
Free Dave Ramsey Complete Guide To Money eBook
Added on : Friday April 11th 2014 05:00:09 PM
g: 0 Posted By: MrsGuin
Views: 165 Replies: 0 http://books.noisetrade.com/ramsey/complete-guide-to-money
How to budget, save, dump debt, and invest. Youll also learn all about insurance, mortgage options, marketing, bargain hunting and the most important element of allgiving
Books & Magazines Deals
Capital one 360 free $175 for opening accounts
Added on : Friday April 11th 2014 01:00:12 PM
g: 0 Posted By: ecstatica
Views: 308 Replies: 0 Hey all,
I was looking to open an $5500 IRA to reduce my tax liability this year and I stumbled upon these new Capital one 360 sign up offers:
$50 for opening a checking
$25 for opening a savings
$25 for opening a kid's savings
$25 for opening a kid's checking with debit card
$50 for opening an IRA
Nice heads up for some free money.

Details:. Member FDIC
Products and services offered by Capital One 360, a division of Capital One, N.A., Member FDICFederal Deposit Insurance Corporation.
2014 Capital One. All rights reserved.360 Checking account: Bonuses are only paid for accounts that are opened and a total of 3 Debit Card purchases or Person2Person Payments (or any combo of the two) are made within 45 days of account opening. The $50 bonus is available only for new accounts with a new Customer as primary owner. Your $50 bonus will automatically be deposited into your account on day 50. Variable Annual Percentage Yields (APY) effective 4/11/2014. 0.20% for balances up to 49,999.99; 0.75% for balances between $50,000.00 and $99,999.99; 0.80% for balances of $100,000.00 or more. https://r.capitalone360.com/bkqyH7yqnG360 Savings account: Bonuses are only paid for accounts that are opened with an initial deposit of at least $250. Initial deposit does not include bonus. The $25 bonus is available only for new accounts with a new Customer as primary owner. Bonus starts earning interest upon account opening, but is unavailable for withdrawal for 30 days. Variable 0.75% APY effective 4/11/2014. https://r.capitalone360.com/bkqyH7yqnGKids Savings Account: The $25 bonus is available for new accounts adding at least one new Customer to the bank. Bonus starts earning interest upon account opening, but is unavailable for withdrawal for 30 days. Variable 0.75% APY effective 4/11/2014. https://r.capitalone360.com/bkqyH7yqnGMONEY: Bonuses are available for new accounts adding at least one new Customer to the bank. To be eligible for the bonus, open MONEY and make 1 Card purchase within 30 days of account opening. Your $25 bonus will automatically be deposited into your account on day 35. Variable 0.25% APY effective 4/11/2014. https://r.capitalone360.com/bkqyH7yqnGImportant Privacy Notice: At Capital One 360, we're sensitive to your privacy. Keep in mind that by opening an account from this page, your friend who posted the link or sent the email, may be aware that you opened your account when he/she receives their bonus. If you're not comfortable with this, please visit capitalone360.com to open your account. By doing so, you will NOT get an account opening bonus and your friend will not earn a referral bonus, but you'll be on your way to saving more.
Deposits Deals
g: 0 Posted By: robronson
Views: 100 Replies: 0 I am self employed as a consultant. I fly to various states throughout the year, some of which, like California, have high state income tax. I'm toying with the idea of creating a series of entities for my consulting to maximize profit by minimizing state income tax burden. I don't have a solid plan, just some ideas to hash out and hear thoughts on.

The general idea would be to use a different entity for clients in different states. For example, suppose I make $20k from California and $180k combined from various other states. I could do consulting in California as a Sole Prop and do the business in other states through an S-Corp. That would let me specify that my $17.5k Individual 401k Employee contribution could come from the California income, reducing the state tax burden.

The alternative would be doing all consulting under a single entity (whether it be sole prop or S-corp or whatever), and the $17.5k 401k contribution gets equally deducted (allocated) from all income. It doesn't make sense to deduct the contribution from income derived from states with zero or low state income tax if I can specify that it came from California income. The only way I can think to do that would be separate entities.

I'm also looking at the possibility of S-Corp with me being a W2 for some of my income because California, and perhaps other states, appear to count W2 income earned differently. For example, as a non-resident of California, if I earn $20k in Cali and $180k externally, if I can segregate the $20k of Cali income, perhaps through a sole prop from the $180k which perhaps goes through an S-Corp that pays me as a W2, then I can more easily show my W2 income was derived entirely from non-California sources and if I can count my 401k contribution to the sole prop income, I can really get my Cali income low. I'm using Cali as an example of my idea and hoping it could be used in other ways.

Another idea is to S-Corp and make me a W2 for partial parts of the year (I have flexibility in my consulting gigs so I can structure each one however I want). Being a W2 might afford me some possible tax benefits such as contributing $3250 to my HSA, from the S-Corp itself, to avoid SE Taxes, as opposed to contributing to my HSA as a sole prop where there's no SE tax deduction. I wouldn't necessarily want to be a W2 through my own S-Corp for the whole year due to overhead costs of payroll, but I could potentially do it for one month, contribute the full annual HSA amount, and then be sole prop for the other 11 months.

I've also heard if I'm an S-Corp I can pay for non-reimbursable medical expenses on a pre-(SE)-tax basis. With high deductible insurance, little is covered, so maybe I could drive my annual $1k or $2k of out-of-pocket expenses to come from my S-corp and save more taxes. Not sure how this works exactly, I only read someone allude to it in another thread.

Finally, as an S-Corp, I should be able to save on SE-Taxes because right now I earn $200k as a sole prop but there's consulting firms who do the same work as me who offered me $120k as a W2 (plus benefits). I think I could take that offer letter for $120k and make a justification to the IRS that if my S-Corp earns $200k, I only have to pass $120k down to myself, pay SE Taxes on $120k, and pass through the other $80k as dividends. However, since the "FICA cap" is around $120k, maybe that won't really do anything to save taxes.

My biggest concern with this is the possible need to register as a foreign corporation in each state I do business as an S-Corp. As a sole prop, I'm free to go wherever and do consulting work. As an S-Corp, I probably have to drop up to a few hundred dollars to register my S-Corp as a foreign entity in each state I work.

Not sure if there's any benefit to having one or more of the S-Corps used this way to be taxed as a C-corp, perhaps to keep AGI down for things like Student Loan income-based repayment or to push AGI down below a threshold for a phase out. Obviously you will be double taxed on the money, but you can defer that second tax until much later, keeping your AGI down right now, which might be useful.

There may be a possibility to bypass the equal quarterly tax withholding payment rule by becoming an S-Corp as a W2 for the last few months of the year. You could maybe pay $0 in quarterly estimated payments and then as a W2 in November/December, you could withhold your entire W2 paycheck to taxes. Since W2 income tax doesn't need to be withheld equally throughout the year. Not sure if this would work or if the penalty would still apply but I have heard of married couples where the husband is self-employed, pays nothing in quarterly tax payments and the wife modifies her W4 to withhold her entire paycheck to taxes the last 2 or 3 months of the year. That might work as a single person if you can make yourself a W2 the last few months of the year.
Personal Finance Deals
g: 0 Posted By: RKBA
Views: 1 Replies: 0 I've been waiting on a deal for this printer (or its bigger sibling w/fax) at the egg, but Costco.com got there first. They have an instant $70 off the Brother DCP-7065DNuntil 5/4/2014, making it $97.99 plus tax. Free shipping. And if you buy the high-yield toner for iton the same order, you get $20 off. Of course the toner is about $7 more expensive than @ the egg, but you still come out ahead. And you get Costco's great return policy if something goes wrong, as opposed to paying return shipping buying it at the egg.$97.99 After $70 OFFBrother DCP-7065DN Compact Laser Multi-Function Copier with Duplex Printing and Networking

Automatic Document Feeder: Yes
Brand: Brother
Dimensions (L x W x H): 15.7 in. x 15.9 in. x 12.4 in.
Duplex Printing: Yes
Model: DCP-7065DN
Networkable: Yes
Output Tray Capacity: 100 Sheet
Paper Size: Legal
Print From Mobile: Yes
Print Speed (Black): 27 Page per Minute
Printer Functions: Print, Copy, Scan
Printer Output Color: Black & White
Weight: 25.1 lb.
Offers an adjustable, 250-sheet capacity paper tray that handles letter or legal-size paper, as well as a manual feed slot for printing a variety of media sizes, letterhead and envelopes.
Print high-quality output at up to 2400 x 600 dpi for professional reports, spreadsheets, correspondence, or other important business documents.
Save paper and help reduce costs by using the automatic duplex (two-sided) printing feature. You can also produce two-sided copies from one-sided originals.
Includes valuable copier features including: Standalone copying, ID copy (copy two-sided documents like insurance cards onto the same side of a single sheet), sorting, reduce/enlarge documents from 25-400%, and N-in-1 copying.
With up to 19200 x 19200 dpi (interpolated) scanning resolution, you can create high-quality color scans in a variety of file formats including: PDF, JPG, TIFF, and more.
Scan multi-page documents using the 35-page capacity auto document feeder or use the document glass for bound materials or up to letter-size documents.
Offers a wide range of scan-to options including: E-mail, file, image, and OCR (Optical Character Recognition).
A robust suite of powerful scanning software for document management, editing and archiving, including Brother Control Center, Nuance PaperPort SE with OCR for Windows, and Presto! PageManager with OCR for Mac.
Deep Sleep mode uses minimal power (less than .9W) when the machine is not in use.


Brother TN450 High Yield Toner Cartridge Black$51.69

Shipping & Handling included *
1 - Black Toner Cartridge
Page yield: approx. 2,600 pages

8.5% Sales Tax makes it just over $140 delivered, after the $20 combo discount.
Subtotal: $149.68 Less Promo Code: -$20.00 Shipping & Handling: $0.00 Non-Member Surcharge: $0.00 Tax: $10.70 Order Total: $140.38
Cancer Diagnosis -- Financial Impact
Added on : Thursday April 10th 2014 11:00:15 AM
g: 0 Posted By: elrp
Views: 127 Replies: 4 Long time member with a new name.

I am female, 49, don't drink, don't smoke, in good shape, healthy diet. Please don't ask for pictures (I am very attractive for my age though). Up until a few days was very healthy. Had some abdominal pain, thought maybe I was having gallbladder issues. Turns out instead I have a tumor which is 99.99999% a freakishly rare form of liver cancer. Still being evaluated, do not know prognosis, could have months, could pull through this albeit with a reduced life expectancy. I assume people will be sympathetic - thanks, but please let's try to keep this strictly to the financial end of things.

Would appreciate help thinking over the financial part of things. I am the financial person in our household, married, one kid on his own, one still in college with 2 years to go.

Owe $120k on our ~$300k house, 8 years to go at 2.5% fixed
Life insurance on me $200k through insurance company, another $80k through work.
$30k loan on 2014 car. 4 other cars paid off.
About $6k left on PLUS loan for kid #1
No other debt
$20k liquid savings
$350k in 401k
$112k lump sum pension
Spouse has own 401k, around $200k there
$5k or so in HSA
Good health insurance
90 day short term disability at full pay for me, long term is 60% of pay

Kid #2 has $100k 4 year scholarship, our expected cost for him to complete college is $24k (housing, fees, travel, food, etc) which we have been paying from income and savings.

Income me $80k, spouse $40k (should increase to $56k in the next year)

While I would really like to have more life insurance on me, other than that I think H should be o.k. should I not survive this. Agree?

What if anything should I be doing now financially? I know I will have to record all our accounts and passwords for the H who is completely financially challenged. What else?

What am I missing?


















Personal Finance Deals
Defensive Driver Course price comparison?
Added on : Thursday April 10th 2014 10:00:11 AM
g: 0 Posted By: mabehr
Views: 39 Replies: 0 Hi FWF folks, long time lurker, first time poster. Please be kind!

Has anyone done a comparison of online Defensive Driving Courses? I'm not sure if they would differ by state, but I'm in NY
I've done a bit of research, and have the following:

Geico.amersc.com - 24.95 (for Geico insurance holders only?)
www.newyorksafetycouncil.com - 24.95
www.iDriveSafely.com - 26.45 (after AAA discount)
www.empiresafetycouncil.com - 29.95 (after a $15 promo code, there may be even better ones that I couldn't find)
www.newyorkdefensivedriving.com - 29.95
www.firstnetcampus.com - 32.99 (with Costco Executive Discount)
www.safetyserve.com - 39.95

Price may not be the only thing to consider here: the $40 course advertises a 100% pass rate.Does anyone have any advice?



Discussion Deals
g: 0 Posted By: limerickey
Views: 183 Replies: 3 I'm just back from a long trip I paid for using miles. Booked in Business to and from Frankfurt on Lufthansa through United's mileage program. The Lufthansa pilots went on strike on the date I was supposed to fly home and the flight was cancelled. United managed to get me on a flight 2.5 days later (albeit in the last row of Economy), so I extended my stay in the Netherlands by two days and had a train ticket I'd planned to use to get to Frankfurt become worthless and had to buy a new one to get there when I needed to be there. Since this is in Europe, a laundry list of passenger's rights supposedly apply, but the big one is out of the picture because under their law a labor action is seen as an uncontrollable act the airline can't be held accountable for. It would seem from looking at the EU regs that the airline is on the hook for food and lodging costs under the law there despite the strike, but the strike knocks out the 600Euro "compensation" I'd be entitled to if the delay were not caused by the strike.

So, now that I'm home I find that I did purchase trip insurance for this vacation.

My question is: Do I harass Lufthansa and United for whatever they theoretically owe me, or do I just file a claim with the trip insurance folks? I'm concerned about the latter, since all of the food I bought was with cash, so I've got no receipts for it. I do have receipts for the lodging extension and the new train ticket.

Anybody here have recent insight into this stuff?
Personal Finance Deals
Should I refinance my loan from 30Yr FHA @ 4.5% to a 5/5 ARM @ 2.75%?
Added on : Thursday April 10th 2014 05:00:11 AM
g: 0 Posted By: goofydragon1
Views: 78 Replies: 1 I am not sure if this question was every addressed in the forum. I would like to communities POV on refinancing my mortgage. Here are the facts:

Current
Loan Type: 30Yr FHA
Interest Rate: 4.5%
Original Loan Amt: $282500
Current Amt: $265489
PMI: $257.19 (Until ~ 6/2021)
P&I: 1432.12
Current Mortgage (includes: P+I, Home Insurance, PMI, County Tax, and Shortage): $2082.01

Refinancing options with Belvoir Federal Credit Union are below. Closing charges are $3089.30 and $3140.39 in reserves totaling 6229.69 that I will finance back into the loan.

New Loan Options
Loan Type: 5/5 Yr ARM,
Points: 0
Initial Interest Rate: 2.75%
Periodic Cap: 2%
Lifetime Cap: 5%
APR: 2.894%
Fully Index Rate: 2.87%
Requested Loan Amt: $273000
Current Amt: $265489
PMI: $0
P&I: $1114.50
Proposed Mortgage (P+I, Home Insurance, Tax): 1524.60

We plan to move with five years which this loan will make it a now brainier, however, if loans goes up like analyst may suggest we'll probably state in the home much longer. History shows that ARMs have always been lower that 15 and 30 Year fixed rates. The fact I do do know is that our LTV is under 80% but in my current FHA the LTV is 93%. BelvoirFCU also have a a 30 Yr fixed rate @ 4.25% (4.412% APR) w/ 0 points.


Personal Finance Deals
Should we file accident claim?
Added on : Thursday April 10th 2014 04:00:08 AM
g: 0 Posted By: revheck
Views: 57 Replies: 3 My wife was in a minor accident this morning that was the other driver's fault. She was stopped at a DC Metro drop off lot (in Virginia) and a shuttle bus backed into her while she laid on the horn. There is damage to our car, but probably less than $1000. She did file a police report and exchange information with the other driver.

Normally, I wouldn't hesitate to report to our insurance company, but there are extenuating circumstances:

We've just moved from New Jersey to Virginia 3 days ago, and planned to search for new auto insurance within next few weeks.
We have State Farm auto insurance in New Jersey, but our old car(1997 Lexus)has no collision coverage.
Virginia is an at-fault state, while New Jersey is a no-fault state.
The accident occured on private property.
My wife did have a minoraccident in New Jersey last summer that was her fault. (She was ticketed.)

I am assuming the other driver's insurance will pay our damages, since Virginia is an at-fault state. But I don't want our insurance premiums to go up over a minor claim.

Recommendations?



Closing cost fees on a house, are these bogus or "normal"?
Added on : Wednesday April 09th 2014 03:00:08 PM
g: 0 Posted By: spydermonkey
Views: 110 Replies: 2 The mortgage broker I am working with sent me a "worksheet" for the closing cost on a $250k house that Im interested in.

Below is a list of fees on the worksheet. Do any of these seems bogus or is this "normal" and I just need to suck it up as being part of owning a house?

Processing Fee - $500
Underwriting Fee - $550
Appraisal Fee - $400
Closing/Escrow Fee - $750
Lender's Title Insurance - $937.31
Owner's Title Insurance - $282.89
Mortgage Recording Charge - $330$3,750 totalThis doesn't include the others things that I expect like down payment, insurance reserves, tax reserves, etc.
Real Estate Deals
$69 SquareTrade Smartphone Protection Plans -- Lowest Price of the Year
Added on : Wednesday April 09th 2014 02:00:04 PM
g: 0 Posted By: sjonathan
Views: 201 Replies: 0 Lowest Price of the Year: $69 / 2 year Smartphone Protection Plans (regularly $99)
http://www.squaretrade.com/smartphone-warranty
CODE= KSH297

*DEAL ENDS TUESDAY APRIL 15TH
-- Covers drops, spills, and malfunctions.
-- Protect any new smartphone or older insured phones.
-- Switch to SquareTrade and save about $90 a year vs. insurance from the big cell phone carriers.
-- No costs/fees from the big carriers to cancel your existing insurance.
-- Use code KSH297 to get our lowest price of the year on #1-rated protection. Discount appears at checkout.



Cell Phones Deals
question about whole life insurance 770 plan
Added on : Wednesday April 09th 2014 09:00:14 AM
g: 0 Posted By: lifesustain
Views: 119 Replies: 1 Saw on another forum about whole life insurance plan called 770 plan but it was very brief.

There are rules that restrict direct advertising of whole life, so they use
this gimmick 770.

It is also taxdeductiblejust like 401 k plus 4 % dividend per yr if went through private life insurance company. I did google search but got very little to nothing on 770 plan. Any info from FW community? thank you.

Question Deals
Still receiving HSA Contributions
Added on : Wednesday April 09th 2014 06:00:09 AM
g: 0 Posted By: lotusgardener
Views: 10 Replies: 0 Hi all,

Looking for the tax implications of the situation I am in currently.

I changed my insurance beginning of this year to a PPO from my HDHP. My employer contributes 60 bucks a month into my HSA account while I was under the HDHP. But since I am under a PPO now, they are still contributing! I check and they have made their deposits for the first three months of the year. Now I know you can't contribute to an HSA if you are not covered under an eligible plan, but what are the tax implication of this? Only reason I ask is because my HR is filled with idiots who can't tell their left from their rights, so getting this fixed will probably get dragged to the end of the year.

If I am not covered under an eligible plan (as of December 1, 2014 per IRS guidelines), do the contributions get taxed as ordinary income?

Tax Deals
Bushmaster Carbon 15 @ Bud's $549 AR of $50
Added on : Wednesday April 09th 2014 06:00:06 AM
g: 0 Posted By: itsausername
Views: 238 Replies: 0 Bushmaster Carbon 15

16" .223/5.56
Includes a red dot sight.

Cash discount price is $599 before rebate.

Bud's sells a lifetime warranty for $29.95 during checkout if you're so inclined.

Optional shipping insurance is available for $6.

Cash discount price is payable via actual check/MO or e-check (ACH).

Add $17.97 for their 3% fee if you want to use a credit card instead.

Unless you have an FFL license, you'll also incur a transfer fee which typically ranges from $20 to $50.

Guns & Ammo Deals
g: 5 Posted By: remick
Views: 2744 Replies: 0 http://www.amazon.com/dp/B00J17SF8M

4.6 out of 5 stars (11 customer reviews)

Handle airports and airlines with confidence! Dozens of ways to save money and time, whether you fly twice a year or havent flown for ages. Fast forward past beginner and go right to being a pro when it comes to travel insurance, online ticketing, boarding passes, being comfortable, and getting a better seat on the day of flight.
Breeze through the TSA screening process after reading these great tips from an actual baggage scanner designer!
Jet lag no more; feel your best the day after you land, and get a whole extra day at your destination! This book contains a list of foods you can pack in your carry-on and bring on board.
The art of handling delays and cancelled flights; a couple of options so you do not have to sleep on the floor at the airport.
Lost bags: how to prevent it from happening, and if it does, how to ensure your bags find you as quickly as possible. When to ask for your 'immediate essentials' money from the airline!
A pre-flight checklist, for peace of mind while youre away from home.
A brief guide to packing light. The easy way to make seven to fourteen day trips with just carry-on luggage possible, if you want to. It can be done with the clothes you own today, no shopping necessary.
Everything you need to reduce stress and improve your ability to handle any turn of events on your trip, all in one place.
Totally Free Deals
Help me write remodeling contract
Added on : Tuesday April 08th 2014 01:00:05 PM
g: 0 Posted By: mojoshtudd
Views: 76 Replies: 0 I am about to have my kitchen remodeled and have almost finalized the contractor who will do it. This was based on cost/materials/reviews/gut feeling after interviewing 5 contractors.
Even though I am happy with this guy, I want to make sure that the contract is written in a way that saves me headaches down the road. This is my first remodeling project, so I want to make sure I got everything covered.
FWIW, this is in Southern California.
Some of the points I think should be on the contract (based on Google search, asking around, in no particular order):

Payment schedule: 10% in the beginning, tiered payments at end of each milestone (demolition, cabinet installed, counter-top installed etc) and a final hold-back amount (~10-20%) to be paid upon completion and my acceptance.
A clause that protects added costs - any modifications that result in increased budget to be mutually accepted and signed before being implemented
Start and end dates. A clause that specifies what happens when work goes significantly beyond schedule.I don't know how to word this part.Should I put in a penalty clause for delays or reward clause for early completion. How much grace period to give him beyond agreed upon schedules? I don't want to hold him to the day and hour of the schedule but also do not want him to work on other projects and delay mine by a few weeks.
A clause to specify how to handle disputes. Should I put in a clause about binding arbitration to avoid court costs and time?
Protecting myself from liens: unconditional lien releases from all his subcontractors/vendors/employees that worked on my project prior to each of the payment schedules. My understanding is that this releases me from being sued by a sub-contractor because the general contractor did not pay him despite me clearing payment from my side.Is this typical in a contract?
A clause about damages, dust control etc while he works on the project.What is a good way to write this?Basically I want to make sure they protect walls, furniture etc from dust. Also do not damage my property etc. The guy is bonded and has insurance, workers comp etc - but do I need to specify that on the contract or do these things automatically kick in if he damages something or his worker gets injured.
A termination clause - something that lets me get out of the contract if I consider the work to be below expectation at any stage. Again, I don't want to be a dick about it and yank him if I get a better bid midway; but I also don't want to be on the hook if he is clearly headed down the wrong path
Warranties on work: I read that it is a good idea to turn down the contractors warranty. Apparently accepting it waives the state statutes which have better protection. This was counter-intuitive for me but would like some feedback from you guys. I am in CA.

Anything else I am missing?
I will update this thread as I get the actual contract in hand and negotiate with the contractor.
Real Estate Deals
Best way to give car to family member in another state?
Added on : Monday April 07th 2014 07:00:08 PM
g: 0 Posted By: bytem3
Views: 155 Replies: 1 I am planning to gift my current vehicle in the near future to a family member that lives in another state. This is/was my first vehicle (and purchased outright, used from the dealer), so I'm not even really aware of the ways in which things could go sideways. That's why I'm posting here - "FWF, you're my only hope!"

Presumably, this varies by state/DMV, but what kinds of situations/technicalities (legality/liability, tax, transferring tags/registration, etc.) do I and the recipient need to be aware of in gifting my car to them and what is the best way to go about doing it? It is currently registered in my name, as are the insurance and tags. As far as timing, the transfer would happen a couple months following tag renewal.
Personal Finance Deals
Moving to Europe for 4 years, what to do with house
Added on : Monday April 07th 2014 08:00:07 AM
g: 0 Posted By: lostjake
Views: 115 Replies: 7 My family and I will be moving to Europe for 4 years (temporary work assignment). We currently own (no mortgage) a $265k house in northern Wisconsin. Taxes are around $4100 a year and insurance is another $1000. I would like to move back to the area after the assignment, and I believe the house is worth quite a bit more than what I paid for it, and I like it in general. I don't think I can demand $1000 a month in rent in this area, as most places go for around $500 a month. My brother in law was/is thinking about selling his house and would move in and pay to cover the taxes/insurance (around $500 a mo), and "fix everything that breaks", besides the fridge because its a sub-zero. I think he would take better care of the home than some stranger. I don't like just heating the house when I'm gone because over 4 years it would probably be around a 30k carrying cost. Any other ideas out there on how I could make this assignment as least painful as possible house wise? BTW we're moving to the Netherlands.

Thanks!
Personal Finance Deals
Jewelry insurance
Added on : Sunday April 06th 2014 02:00:05 PM
g: 0 Posted By: spydermonkey
Views: 67 Replies: 0 The insurance policy on my wife's engagement ring is due this month and Im curious if anyone has any recommendations. I currently have a policy with Jewelers Mutual (aka Perfect Circle). The premium is reasonable, $10 per $1,000. Covers lost, theft, damage.

Any other companies worth looking into?
Question Deals
g: 1 Posted By: jskins
Views: 239 Replies: 0 Charming Lotus Shaped Colorful LED Night Light (3xAG13) - $2.39 with Free Shipping at Mini in the Box.

7 different colors
Soft and warm light
Energy-saving and environmentally friendly
Stylish design, a great decoration
Powered by 3 AG13 button batteries

**Be sure to uncheck the "Shipping Insurance" box during checkout to avoid a $0.99 fee**
Home & Garden Deals

MiniInTheBox Coupons
Car rental small scratch not caused by me
Added on : Friday April 04th 2014 12:00:10 PM
g: 0 Posted By: alkotik
Views: 78 Replies: 4 Hello, I am just looking for some advice.
Last weekend I rented a car from National. When I got the car I looked around and did not see any scratches. I drove for one day without any incidents. But on the return the person went right to the place where the scratch was as if she knew it was there and made a report on the scratch. She said she checked the computer and the scratch was not reported before which made me liable for it. I know that I should have been more careful checking the car before I took off. But my question is - should I insist that I did not scratch the car or should I just report to the insurance which is Amex?
New User Question Deals
g: 0 Posted By: remick
Views: 145 Replies: 0 http://www.amazon.com/dp/B00J17SF8M

4.6 out of 5 stars (11 customer reviews)

Handle airports and airlines with confidence! Dozens of ways to save money and time, whether you fly twice a year or havent flown for ages. Fast forward past beginner and go right to being a pro when it comes to travel insurance, online ticketing, boarding passes, being comfortable, and getting a better seat on the day of flight.
Breeze through the TSA screening process after reading these great tips from an actual baggage scanner designer!
Jet lag no more; feel your best the day after you land, and get a whole extra day at your destination! This book contains a list of foods you can pack in your carry-on and bring on board.
The art of handling delays and cancelled flights; a couple of options so you do not have to sleep on the floor at the airport.
Lost bags: how to prevent it from happening, and if it does, how to ensure your bags find you as quickly as possible. When to ask for your 'immediate essentials' money from the airline!
A pre-flight checklist, for peace of mind while youre away from home.
A brief guide to packing light. The easy way to make seven to fourteen day trips with just carry-on luggage possible, if you want to. It can be done with the clothes you own today, no shopping necessary.
Everything you need to reduce stress and improve your ability to handle any turn of events on your trip, all in one place.
Totally Free Deals
Do I Need Collision Insurance? To Cover Business Rental Cars?
Added on : Thursday April 03rd 2014 05:00:07 PM
g: 0 Posted By: robronson
Views: 86 Replies: 0 My collision insurance is $140/year for a $1k deductible on a $6k car. That seems excessive. I have the liquidity to drop $6k on a new car in the time it takes to write a check. I've kept it because I travel for work 4 days a week and am in rental cars. My personal car insurance said my collision covers the rental car as long as it's under 30 days of a rental and I'm not actually using the car for business. Simply driving from the hotel to the client site isn't considered a business trip, per the phone CSR, and my personal car insurance covers me.

What I can't afford is crashing a 2014 rental car and writing them a check for $20k. I understand Visa/Mastercard offers a CDW which was really confusing to me but after reading wikipedia, makes more sense. CDW = Collision Damage Waiver meaning the rental car company waives the right to charge you for damages. It's NOT insurance. It's simply the rental car company "waiving" the right to sue you for damages. What I gather this to mean from Visa/MC is that by waiving the rental company's CDW (yes, you're waiving their waiver... >.< ) then Visa/MC will pay for any damages that might occur that the waived waiver might have covered, given additional restrictions on Visa/MCs part like possibly not covering hail damage.

I don't feel the need for $140 Collision damage on my personal car given I rarely drive it, I drive safe, and I can easily write a check for $6k to buy a new car immediately if necessary. To play the odds, I feel I'm significantly less likely than a 3% chance of totaling my car in the next year (which is $160 divided by the $5k they'd pay out after the $1k deductible). I'd rather bank the $140 because on a risk-adjused basis, it's free money to cancel the policy. It would be like a $10/hand blackjack table where you started each hand with one Ace. If you can afford to lose $10 then the odds are much in your favor to gamble as often as possible.

The downside is that I don't quite know if Visa/MC is enough to cover me, given I am driving $20k+ rental cars for approximately 250 days a year. I know AMEX offers $25/rental insurance but my clients won't pay for that and I'm not paying over $1k out of pocket to AMEX for the 50 rental cars I take out during the year.

I feel dirty paying for something that I really only need for business (the $140 annual personal collision insurance) but not being able to deduct it from my business income. It's the exact opposite feeling of using my business-deductible iPhone for personal calls (which feels amazing because it's 50% off given SE, State and Federal tax). Maybe I should find a business specific policy to cover me while in rental cars and deduct that off my income?

Or maybe my personal collision policy will be cheaper than any business policy, even if I can't deduct it as an expense, because the actuaries set the cost based on the $6k value of my car and not on the $20k+ rental cars I'm actually driving 80% of the time. In that case, maybe the actuaries are significantly underestimating their risk and it's "free money" for me (in spite of not being able to deduct it, ugh).

On a side note I have $300k/$300k liability personal insurance because that's not something to cheap out on. And I definitely can't cut a check for $300k.
Question Deals
g: 0 Posted By: lemonhead
Views: 174 Replies: 0 I figure if Kroger offers something (like 1 point per dollar, and 1000 points = $5 in groceries) SOMEONE else has to have a similar thing that can easily be funded so I can pay for my healthcare (healthnet in case anyone was wondering)
They claim I can't use my credit card except for the first payment, I will test this next month, but I need a fail safe backup plan in case that doesn't work.
Anybody seen anything like this that has no "re-funding fees" or
Question Deals
New Auto Insurance Plan...Pay by the mile
Added on : Thursday April 03rd 2014 07:00:02 AM
g: 0 Posted By: jigsaw1975
Views: 0 Replies: 0 https://www.metromile.com/

Interesting concept. Based on an estimate of 800 miles a month, I would save 24% off my current premium.
I havent signed up yet. Intrigued by this new type of auto insurance.
g: 1 Posted By: bxd20
Views: 199 Replies: 2 Hello.

I know this is a big enough event that I should seek the advice of a lawyer, andplanning todo so, but right now I have a few minutes so I thought I'd post this here and perhaps get some angles/suggestions that even a lawyer wouldn't bring up.

What started as seeminglybenign digestive system complaints for my mom(a couple scope tests came back clear), kept getting worse. The doctors finally ordered a CT scan which revealed ovarian cancer that has spread. They are scheduling surgery for one week from today, followed by chemo. If they open her and find the cancer has spread more than the CT even shows,it's all about buying time for her at this point.

I am the only child. My dad is still alive. Mom and dadare both elderly and only have Medicare part A (the level that everyone gets).

Sorry if these questions aren't organized very well, it's a very emotionally difficult time for us.

1. We are not concerned about medical bills in the range of 4 figures or even low 5 figures.My parents have a decent amount of assets (mid 6 figuresif everything is included). If I understand Medicare correctly, the hospital stay will be covered up to 60 days, and their portion will besomewhere around $1300. After 60 days it's about $300 a day. Does the surgery itself fall underthis 'hospitalization' category byMedicare? I would assume so. Surgeon says she will be in hospital 7-10 days. If she's not as covered as I think she is, is there any way to get a very high deductible catastrophic coverage plan, even with preexisting condition, on extremely short notice? Does Obamacare help at all here?

2. My next focus is on protecting the assets if surgery doesn't go well and she requires long term nursing home care. I know the 5 year rule about gifting. How are joint accounts handled when assessing for Medicaid eligibility? In other words... she has some joint accounts where I am named with her, on some her brother is named, on some,her husband (my dad) is named. I think there is one investment house (rental property)with her and her brother on it. Would all of these joint assets be 100% at risk should the bills mount? Or is a joint account viewed as 50/50 in ownership? What if we go to the bank and remove her name from a CD - I assume that triggers the 5 year gift timer? Or is that somehow OK, if they've been joint on the account over 5 years?

Again - I apologize if I asked any dumb questions. Sometimes FW members come down hard on people. Please try to go easy on me. My parents haven't really wanted my help/advice in the area of financials. Sure, in retrospect, they probably should have been carrying supplemental insurance. At this point I need clear heads to help me through a dark time in my life.

I greatly appreciate your time and thoughts.
Personal Finance Deals
g: 0 Posted By: jaylesh
Views: 137 Replies: 5 Hello,

A few months back, we started noticing cracks in quite a few places in our NJ home. But then we noticed that the cinderblocks were crumbling apart that made up our retaining walls located in our outside backyard (which is located on a very steep hill) That's when we took it upon ourselves to call a friend of ours over who is a structural engineer-- he stopped by the other day, and all of our fears were realized with what he said. He stated the following: -The retaining wall was built at surface level -There are four distinct cracks in the foundation already -the engineer could literally put his hand underneath parts of the foundation. He stated instead it should have gone 6-12 feet deeper. -there are many mortarless joints that were installed improperly -Pins are not in place correctly either, and the cinderblocks are now bulging -There was no drainage system installed for the retaining wall...In order to rebuild the two or three retaining walls that take up the back portion of our property it'd cost 30,000$ minimum (money we don't even come close to having)
With that being said, my questions are:
Do we have a case to sue the developer we bought it from?
How about a case against our town for inspecting it improperly?
Should we get homeowner's insurance involved? I've read and heard that many don't cover for foundation issues, so I'm worried that if we call them up it'll be a big red flag on our account that could lead to potential dropping of coverage...
Any and all insights/advice would be greatly appreciated. Thanking you in advance,
Jason



Question Deals
Anyone shopped for title insurance before?
Added on : Sunday March 30th 2014 08:00:11 AM
g: 0 Posted By: fleetwoodmac
Views: 92 Replies: 2 So my real estate agent tells me I need to pay 1% of the purchase price to title company for title insurance
I said can't I shop around for title insurance?

And of course she does not know what I am talking about, and I searched the internet and found 2 companies only

www.onetitle.com
www.entitledirect.com

According to the WSJ article below it says

=15pxEnTitle has an "A Prime" rating from Demotech, which rates insurer financial stability. That is Demotech's second-highest rating, and the same rating many rival title insurers have.

OneTitle, which also markets to real-estate lawyers and other industry professionals, has a rating of "Substantial" from Demotech. The rating, while lower than EnTitle's, is acceptable to most mortgage lenders, according to Demotech.

Redfin, a real-estate agency based in Seattle that has pioneered the use of technology in real-estate sales, started a title-insurance agency, Title Forward, in early 2013. It is based in Philadelphia and sells policies in Maryland, Virginia, Pennsylvania, Georgia and the District of Columbia.

http://online.wsj.com/news/articles/SB10001424052702303949704579...

I am in TX and it was gonna cost me 1% which is like 3,710 but I called Entitle direct and they sent me an email in half an hour for $3,100

I did not call One Title yet

So at this point, what is the catch here what are the potential drawbacks?
Question Deals
Using Car Leases To Maximum Advantaged If Self Employed
Added on : Thursday March 27th 2014 07:00:06 PM
g: 0 Posted By: robronson
Views: 89 Replies: 1 As a 1099 consultant, I look for interesting, legal ways to maximize tax benefits. Here's one idea I've been toying with but I'm not entirely sure if it's legal or if it even makes sense from a financial perspective:

1) Lease a new car that you eventually want to own personally.
2) Deduct the full amount of the lease and car insurance off your business income, as the monthly payments arise
3) At the end of the 3 year lease, decide to buy out the car, but do so personally.

The benefits here are that you get to buy a 3 year old car that you have been the sole owner/driver of since it's been new. You wouldn't be able to buy a 3-year old car in that same condition for that same price and you definitely can't do it without uncertainty. You never really know what the previous owner did with that vehicle.


Discussion Deals
USAA discounts?
Added on : Thursday March 27th 2014 03:00:04 PM
g: 0 Posted By: vickh
Views: 37 Replies: 0 USAA.com offers an insurance discount for buying a financial product thru them.

What's the min. qualifier that actually would have a + return/stable value+ relatively safe. + Low fees


Thanks!
Question Deals
Inheritance coming - What should I do with it? - Next Steps
Added on : Thursday March 27th 2014 10:00:10 AM
g: 0 Posted By: dd564
Views: 652 Replies: 11 New here and seeking some opinions.

Family
I am married. I am 41, wife is 36.
We have three kids, ages 10, 6, and 4.
We have a combined income of about $120-130k which has been pretty much the same (due to job changes on my behalf (loss of job, working contract, down time, etc).

Houses
We have two houses. One we live in. Value about $450-500k. The other house is our old house which we rent out. Value about $250-300k.
We owe about $315-320 on our primary residence, and about $165k on the rental.

Debt
Mortgage payments are both 30 year.
Primary 3.5% payment of about $1460
Rental / investment house 5.5%(?) payment of 1190.
We have two vehicles both of which we bought brand new. One is a 2005 minivan. Paid off. The other is a sedan bought in 2011. Making payments of $350 a month. 1% interest.

Rental Income
Income on the rental is $1850 per month on a 2 year lease.

We have about 90k in IRA's. 20k of that in a ROTH IRA.
We have another 100k in investment accounts.
We have another 25k in an emergency cash fund.

Both her an I both contribute to a 401k at company match levels. (6% for me. I think 4% for her)

Our monthly payments are mortgages, taxes, insurance, etc.
We eat out once or twice a year for an actual dinner out.
Otherwise a few $5 meals when traveling going through a drive thru.

We just stated saving $800 a month to go into investments monthly now that our cash reserve is where it is.

Inheritance
I've been notified that I'm likely to receive a sum of money through an inheritance. (Say maybe $50k).
What would be your next steps?

Pay down the rental property at 5.5%
Invest more in investments and pay off the mortgages slowly. (Tax deductions and the lower rate seem traditionally low).

Thoughts?

Mortgages are $1450 on the one we have
Personal Finance Deals
g: 0 Posted By: jcaserta
Views: 105 Replies: 3 Hi,

So my gf backed into someone on the way to work yesterday. It was at 2 mph or something, super minor accident, but unfortunately we had the trailer hitch on. So it put a dent in their bumper. Our truck is completely unharmed.

GF basically admitted to being at fault, which is fine. Gave insurance info, the other person filed a claim with our insurance company (Travelers). She got a repair quote from the most expensive shop in the area and it was $1050 or so. I've gotten quotes from this place before for our own work and it's been 3x what other places charge but fine.

Our deductible is $1000 so going through insurance gains us nothing. And we've both been completely accident free before this. From reading online it looks like this will raise our rates by 25% at least, which we have a few high value cars so that will be a pretty substantial increase, at least a few hundred $ every 6 months.

We tried offering the cost of repairs based on that quote plus a little bit extra to the person if they retract the claim but they won't budge and say they have to go through insurance. Has this been other people's experience as well? This is new territory for me, I've never been at fault in an accident.

I'm thinking about offering them $2k or something since that will absolutely pay for itself if our premium would actually go up a few hundred every 6 months for a few years, if I do this is there any guidance from anyone as to precautions to take or if this is a good idea.

Any other input?
Personal Finance Deals
Next Steps
Added on : Thursday March 27th 2014 05:00:17 AM
g: 0 Posted By: dd564
Views: 72 Replies: 0 New here and seeking some opinions.

Family
I am married. I am 41, wife is 36.
We have three kids, ages 10, 6, and 4.
We have a combined income of about $120-130k which has been pretty much the same (due to job changes on my behalf (loss of job, working contract, down time, etc).

Houses
We have two houses. One we live in. Value about $450-500k. The other house is our old house which we rent out. Value about $250-300k.
We owe about $315-320 on our primary residence, and about $165k on the rental.

Debt
Mortgage payments are both 30 year.
Primary 3.5% payment of about $1460
Rental / investment house 5.5%(?) payment of 1190.
We have two vehicles both of which we bought brand new. One is a 2005 minivan. Paid off. The other is a sedan bought in 2011. Making payments of $350 a month. 1% interest.

Rental Income
Income on the rental is $1850 per month on a 2 year lease.

We have about 90k in IRA's. 20k of that in a ROTH IRA.
We have another 100k in investment accounts.
We have another 25k in an emergency cash fund.

Both her an I both contribute to a 401k at company match levels. (6% for me. I think 4% for her)

Our monthly payments are mortgages, taxes, insurance, etc.
We eat out once or twice a year for an actual dinner out.
Otherwise a few $5 meals when traveling going through a drive thru.

We just stated saving $800 a month to go into investments monthly now that our cash reserve is where it is.

I've been notified that I'm likely to receive a sum of money through an inheritance. (Say maybe $50k).
What would be your next steps?

Pay down the rental property at 5.5%
Invest more in investments and pay off the mortgages slowly. (Tax deductions and the lower rate seem traditionally low).

Thoguhts?

Mortgages are $1450 on the one we have
Personal Finance Deals
Publix - Free Meds Program Lisinpril, Antibiotics & Metformin
Added on : Wednesday March 26th 2014 08:00:09 PM
g: 0 Posted By: CindyLouWho2
Views: 0 Replies: 0 Publix - Free Meds Program Lisinpril, Antibiotics & Metformin
Publix Free Medication Program

It doesn't matter who your prescription insurance provider is or the number of prescriptions you need filled. There's no limit to the number of refills and no forms to fill out. How's that for easy?

Hurry and drop your prescription off at your neighborhood Publix Pharmacy and get the generic medication you need, free. Bet you're feeling better already.

FREE Lisinopril

An ACE inhibitor, lisinopril is used to prevent, treat, or improve symptoms of high blood pressure, certain heart conditions, diabetes, and certain chronic kidney conditions. Get a 30-day supply of this vital prescription FREE* only at your Publix Pharmacy.
* Maximum of 30 days supply (up to 60 tablets). Lisinopril-HCTZ combination products excluded.

FREE Antibiotics

Due to the unavailability of generic Doxycycline Hyclate (capsules only), we are no longer able to offer this item on our Free Antibiotic Program.
Get up to a 14-day supply of the following generic oral antibiotics free: Amoxicillin
Ampicillin
Cephalexin (capsules and suspension only, excluding 750 mg)
Sulfamethoxazole/Trimethoprim (SMZ-TMP)
Ciprofloxacin (excluding Ciprofloxacin XR)
Penicillin VK

FREE Metformin

As part of our Publix Pharmacy Diabetes Management System, you can get up to a 30-day supply* of generic immediate-release metformin (500mg, 850 mg, and 1000 mg) FREE.

*120 tablets of metformin 500 mg or 90 tablets of metformin 850 mg and 1000 mg


http://www.publix.com/pharmacy/Free-Medications.do

Garfield Visa Rewards Card by Commerce Bank
Added on : Tuesday March 25th 2014 06:00:03 PM
g: 0 Posted By: interestedinfw
Views: 211 Replies: 1 Just saw this, who doesn't like Garfield?

Looks like you get points on the interest you carry to the next month.

http://www.commercebank.com/personal/cards/credit/garfield-visa/... points towards hundreds of reward options including Merchandise, Gift Cards, Cash Back, Travel and more every time you make a purchase!
Highlights
A credit card that earns points towards hundreds of reward options like Merchandise, Gift Cards, and Travel, as well as, exclusive Garfield items.

Annual Percentage Rate
1.99% Introductory* APR on Purchases and Balance Transfers for 6 months, then a competitive rate of 14.24% to 20.24% APR**.
[l=View Important Disclosures>>[PDF]]http://www.commercebank.com/pdfs/cardact/GarfieldVisaWebDisclosu...[/l]

Annual Fee
$0

Rewards*** Additional Details:

Earnonepoint for every dollar in net merchandise purchases
Earnthreepoints for every dollar in interest you accrue on your monthly balances.
Plus, an additional500 bonus pointswith your first purchase within 90 days.

UNLIMITED point earning is here! No cap exists on the points you can earn each year.
Take up to3 yearsto earn and redeem before they expire!

View exclusive Garfield items here!

Additional Benefits
OnlineE-Statements
OptionalAuto PayandOverdraft Protection
24/7Customer Service (except holidays) and Online Account Access
Zero Liability coverage****
$100,000 Travel Accident Insurance
Auto Rental Collision Damage Waiver
Emergency Card Replacement and Emergency Cash Disbursement



Deal Deals
Internships for Finance Major in Jacksonville, FL Area
Added on : Tuesday March 25th 2014 02:00:14 PM
g: 0 Posted By: n5741
Views: 13 Replies: 0 Hello everyone, writing today to inquire about what you all think the best possible places to try and obtain an internship in the Jacksonville, FL area would be for sophomore majoring in finance. I am currently a sophmore at UNF (Swoop!) and have been trying to utilize CareerWings to the fullest, however, I feel that I am now at a wall and with summer approaching, I would like to try and lock something down quickly. I feel that a majority of the internship or job offerings listed on CareerWings are with less than stellar companies (NorthWestern, Blue Star Financial, etc.) for someone who is intending to major in finance that does not want to end up in the insurance business. So please any recommendations on where to look into would be much appreciated. Also I wanted to address a side point as well, if I have inevitably waited to long and a left myself to only intern at one of these sort of places, is it worth pursuing instead of a normal part time job?
Discussion Deals
Health Insurance - UCR vs PPO - Huge Medical Bill
Added on : Tuesday March 25th 2014 06:00:25 AM
g: 0 Posted By: Lappie
Views: 68 Replies: 1 I do everything I can to avoid a doctor, but im getting older. I have insurance through my employer which is a PPO that uses
PHCS and Multiplan. I had to have a procedure done in December 2013 that required outpatient surgery. The necessary
pre-authorizations were obtained and all doctors and the hospital were in-network. My individual deduct is $500 and
80% Co-Ins for the plan. I thought it was pretty good.

I am now getting balance billed by the hospital for $11,000 because my insurance processed the claim using
"Reasonable and Customary Charges." I was told by my insurance company have the right to use PPO or UCR in deciding what to pay.
Of course, I have never run into this before because I dont usually require this, however, moving forward, I may.
I see of the claims, for the surgeon and anesthesiologist, are also being done this way, so I expect to owe
a few thousand there as well.

Of the approx $20,000 bills, the insurance covered about $5000.

Any help on this matter is appreciated. If nothing else, let this be a warning to you who have plans to check
your documents to see if this craziness is applicable to you. In addition, the UCR deductions are not
applicable to max out of pocket, so its payable to the provider at 100%.

This is an expensive lesson learned.
Personal Finance Deals
Basement Remodel Considerations
Added on : Monday March 24th 2014 01:00:08 PM
g: 0 Posted By: Rewdog
Views: 147 Replies: 3 I have a pseudo-finished walk-out basement that I'm looking to remodel to put another bedroom (we recently had a family member move-in and we have a kid on the way). I say pseudo-finished because although it passed home inspection, it is still not considered livable space in the appraisal; no ac / heat, no doors to the different rooms.I bought the house as a foreclosure and most of the basement looks to be a DIY type job.It has functioned fine as a rec room and storage but I don't feel comfortable making any guests sleep down there yet.

The re-model will consist of (pics for tldr):

Removing a single interior wall that is not load bearing but does contain an outlet on either side.
Removing a second interior wall that makes up a closet.
Extending a current wall, creating a doorway, and closing an existing doorway opening.
Installing a full size window.
Creating new electrical outlet (outlets already exist on this wall).
Creating a closet
Closing an existing opening with a louvered door for access to the water heater.
Creating a new doorway with a louvered door for access to the HVAC.

I've never done a remodel of this magnitude, so I want to have my bases covered. Is there anything I am missing or should re-consider?

I plan for everything above to be done by a single general contractor that will sub-contract an electrician for that work. I'll do the more cosmetic stuff: painting, flooring, closet shelving, lighting.
Will a general contractor pull the required permits or do I have to do that? How long does that usually take, and what does it usually cost? As I said before, most of the basement seems DIY and I'm unsure previous work had been permitted.. what could be the ramifications of that?
I'm installing a window for egress, but will use space heating rather than tapping into my central hvac system.. This should mean that the space still does not count as livable so my property taxes should not increase.. Does that sound right?
What type of notifications or adjustments should I do to my home insurance?
The water heater and HVAC is natural gas which is why I am going with louvered doors; any issues with that being attached to a bedroom other than noise?
Does a $5k to $7k budget sound reasonable for the contracted piece?

Thanks FWF geniuses!
Personal Finance Deals
Need help planning 6-12 month travel dream
Added on : Sunday March 23rd 2014 07:00:09 PM
g: 0 Posted By: travelguy28
Views: 22 Replies: 0 I started my first post-college/salaried job last year and make ~$60k annually in a very low COL city. My plan is to work for another ~2 years to save enough money to travel around the world for 6-12 months. I should have almost $30k saved and am budgeting $100/day to spend while traveling.(In reality, it will probably be $30-$50/day in cheaper countries and $50-$100/day in more expensive countries. The $100/day budget is to account for air travel and all misc expenses.)

I am most concerned about planning for after the trip is completed. How much should be saved for when I return home? Does 6 months worth of living expenses sound reasonable? I will need to find a new job so this may take some time. I might ask my current employer for a LOA but they probably won't accept this.The other thing I am worried about is health insurance. I should be covered by parents health insurance for the duration of the trip but will turn 26 after returning home and no longer be covered.

What else should I be considering besides the fear of not finding a new job and hurting my career?
New User Question Deals
Need Advice on Renter's Insurance
Added on : Saturday March 22nd 2014 06:00:10 PM
g: 0 Posted By: hurricanedarby
Views: 30 Replies: 0 I currently have renters insurance through USAA at $112 a year including replacement cost. I was looking around at other options; it is getting frustrating applying for quotes only to find out that the company does not offer replacement cost coverage (then they bombard my e-mail and my phone via the info I provided on the quote). In an effort to avoid more unwanted ads, I wanted to ask if anyone here had any advice/opinions on good options for renters insurance. Thanks!
Discussion Deals
Giving away land for fun and profit
Added on : Friday March 21st 2014 05:00:16 AM
g: 0 Posted By: peps2004
Views: 46 Replies: 3 We bought a house last year and 1 sq ft of the corner of the front yard is in a flood zone; this means we have to pay flood insurance even though the house itself isn't in any danger of flooding.

Paying for the insurance therefore feels like a wasted expense, so we're interested in finding some way around it. One thought I had was whether it's possible to give up that part of the land to the city (we live in Virginia if that would make any difference).

Has anyone else experienced anything like this or come up with a different solution?I'm assuming there would be some kind of initial cost involved in drawing up contracts, doing property searches, etc, but figured the long term savings might be more worthwhile. That's if it's even possible to do something like this.
Personal Finance Deals
g: 0 Posted By: manmohanrawat
Views: 67 Replies: 2 Story so far;
Wife got into a fender bender at wholefoods , exchanged insurance information , contacted OP's insurance the same day was given claim # and was told to get an estimate from the adjuster. that was last year Nov 2013
After 45 days was told they are not able to get in touch with the client ,and I got 2 more letters from OP's insurance company asking for me time and then in Feb this year I call them and then I am told they are not able to get in touch with the client and hence will be denying the claim
I just have liability only cause of an older car , Gieco now is saying that I am on my ownI went thru this archived thread and have come up with one option (Car Accident: Other Party At Fault - Denies Responsibility After the Fact To Insurance)SUE that person in small claims court

wife has pictures of the accident and insurance cards
my wife tried to get her to record a conversation but that person could not speak or hear

I was told by OP's insurance company that even if I did get that in writing they would absolutely have to talk to that person and it would have not mattered even if there is a police report.

Any ideas or suggestion.. apart from the option i mentioned above Sue in small claims











Personal Finance Deals
g: 0 Posted By: catanpirate
Views: 96 Replies: 1 Hi all, thanks in advance for your help. My family is going through many transitions at once (my head is spinning), and I wanted to ask for some wisdom to make sure I don't overlook things. I don't have a lot of experience navigating these things.

My wife is 39 weeks pregnant. I currently work as an RN, but have accepted another position in another state starting at the end of April. My wife is currently insured under her employer; I am under mine. Adding the baby to her plan would be prohibitively expensive. We would like to add the baby to mine, but of course, I am resigning this position and taking another one. How does this sound for a plan: have the baby, put the baby under my insurance, give 2 weeks notice, have me and the baby on COBRA, sign us both up for insurance at the new place. My wife will continue her insurance with her employer as she can work remotely from out of state.

Please let me know if there's any clarifications I can add. I'm already confused
Question Deals
1 month car rental, insurance options
Added on : Tuesday March 18th 2014 09:00:08 AM
g: 0 Posted By: jimtron
Views: 89 Replies: 2 I'm renting a car for one month in L.A. and trying to determine the cheapest way to insure it. I did a bit of research, and Amex's premium auto insurance seems like a good deal--$25 for up to 42 days. ETA: just noticed it's $17.95 for CA residents, nice.
https://www295.americanexpress.com/premium/car-rental-insurance-coverage/home.do?intlink=premiumprotecthub_browsepromos_pcrpmonitoring&intlink=us-CCSG-NAC-CarRental-LearnMore

But that doesn't cover liability, any thoughts on where to get that? And/or any other advice would be appreciated. Want to save money but not skimp on coverage. I don't own a car so don't have any existing insurance.
Question Deals
g: 0 Posted By: sepulcher
Views: 194 Replies: 6 For the last 5 years or so, I've been blessed enough to bounce from funded grad programs to fellowships around the world, but now I'm faced with this very different scenario. I'll be receiving a lot more money, guaranteed for 5 years, and I'll need to stay (relatively) put for that long as well. Simply, I don't know how to do this, and it's rather intimidating. If anyone would be able to give me advice on anything from whether or not I should buy a home, what I should budget for what, or point me in the right direction I would really appreciate it a lot!

My fellowship includes:

$26,000 stipend, per year, guaranteed for 5 years (the first installment of which I will receive in August)
Full funding for tuition (so that's an expense I don't have)
Health insurance
some funded travel for conferences and what not

My current liquid assets (which is all I've got) are:

$14,000 in an REIT investment account
$20,000 inchecking and savings accounts

In terms of liabilities I have$60,000 in student debt which will be deferrable for the duration of the PhD.I think somewhere around $5-10,000 is non-subsidized, meaning it will accrue interest during the PhD program, while the rest will not.

I mentioned I've been bouncing around the last several years so I have next to nothing in non-liquid assets, I have:

no car
no home
no furniture
no anything apart from clothes, books, and various priceless knick-knacks

Some basic questions:

I need a car, how much should I consider spending?
I'll be in Indiana where I could buy a home for $60-80,000, should I? How much should I expect to spend? Is there a guide somewhere around here for first time homeowners? Since I'll be looking for a job in academia after, I do not expect to stay in the same location after, but it seems like I could pay off a house this cheap in 5 years...
What should I do with my savings?
I'm single, would like to have some money left over for vacations, dating (trying to resolve the singleness), how much should I budget for this?
What am I not thinking about that I need to be?

Thanks in advance to anyone who can either give direct advice or point me to somewhere that I can find it!
Question Deals
g: 8 Posted By: remick
Views: 1279 Replies: 2 http://www.amazon.com/gp/product/B00I3LIXAC

5.0 out of 5 stars (7 customer reviews)

This book will empower you with the tools you need to understand how personal injury rights and obligations arise. It will give you the tools to understand how personal injury claims are evaluated and the tools to negotiate your settlement or take the case to trial if necessary. All types of injury accidents covered from traffic accidents, to slip and falls, to dog bites and anything you can think off. You will know what to do in all types of personal injury claims and you will know how to win your personal injury claim in small claims court.

Know what your rights are after an accident
Know when you have a case
Know how to boost the value of your claim
Know how insurance companies evaluate cases
Know the dirty secrets insurance carriers don't want you to know
Know how to gather your evidence
Know what to do with the insurance questionnaires
Know what mistakes to avoid in gathering and preparing your evidence
Know how to present your small claims case in court
Know what dirty tricks insurance companies use in small claims court
Know how to prepare for your small claims hearing
Know how to get a fair settlement with the insurance carrier
Know when and how to hire an attorney

98 Chapters Total:
CHAPTER 1 -INTRODUCTION
CHAPTER 2 - WHY INSURANCE COMPANIES WANT TO SETTLE
CHAPTER 3 -WHY INSURANCE COMPANIES WANT TO SETTLE WITH YOU
CHAPTER 4 - DISCLAIMER
CHAPTER 5 - PURPOSE OF PERSONAL INJURY LAW
CHAPTER 6 RESPONSIBLE PARTIES
CHAPTER 7 - THE BIG PAYOFF MYTH
CHAPTER 8 - OUTLINE TO SETTLE YOUR CLAIM
CHAPTER 9 - WHO CAN BRING A PERSONAL INJURY CLAIM
CHAPTER 10 - PERSONAL INJURY CAUSED INTENTIONALLY
CHAPTER 11 - ROAD RAGE INJURY CLAIMS
CHAPTER 12 - UNINTENTIONAL INJURY CLAIMS
CHAPTER 13 - TRAFFIC ACCIDENTS
CHAPTER 14 - SEAT BELTS, BABY CAR SEATS AND HELMETS IN ACCIDENTS
CHAPTER 15 - BICYCLE AND MOTORCYCLE ACCIDENTS
CHAPTER 16 - PASSENGERS IN CAR ACCIDENTS
CHAPTER 17 - COMMERCIAL VEHICLE ACCIDENTS
CHAPTER 18- PUBLIC ENTITY VEHICLE ACCIDENTS
CHAPTER 19 - SECRETS INSURANCE COMPANIES DONT WANT YOU TO KNOW- DUI OR DWI DEFENDANTS
CHAPTER 20- TRAFFIC ACCIDENTS WHEN YOU HAVE NO CAR INSURANCE
CHAPTER 21 - NO DRIVERS LICENSE
CHAPTER 22 - FOREIGNERS AND UNDOCUMENTED WORKERS CLAIMS
CHAPTER 23 - DOG BITES
CHAPTER 24 - INJURIES CAUSED BY ANIMALS
CHAPTER 25 - WRONGFUL DEATH CLAIMS
CHAPTER 26 SLIP AND FALL CLAIMS
CHAPTER 27- TRIP AND FALL CASES
CHAPTER 28 - HOMEOWNERS INSURANCE
CHAPTER 29 - PREMISE LIABILITY
CHAPTER 30 - TOXIC TORTS- INJURY FROM CHEMICALS AND POLLUTANTS
CHAPTER 31- CLAIMS INVOLVING MULTIPLE DEFENDANTS
CHAPTER 32- OTHER NEGLIGENCE CASES
CHAPTER 33 - WORK ACCIDENTS
CHAPTER 34 - MEDICAL MALPRACTICE
CHAPTER 35 - DEFECTIVE PRODUCTS
CHAPTER 36 - PUBLIC ENTITIES
CHAPTER 37- CORPORATIONS AND OTHER BUSINESS ENTITIES
CHAPTER 38 - SPORT AND ENTERTAINMENT ACCIDENTS
CHAPTER 39 - CHILDREN
CHAPTER 40 - BURDEN OF PROOF
CHAPTER 41 - STATUTE OF LIMITATIONS
CHAPTER 42- INDIAN CASINOS
CHAPTER 43 - INJURIES ON MEXICAN AND CANADIAN SOIL
CHAPTER 44 - PROPERTY DAMAGE CLAIMS IN TRAFFIC ACCIDENTS
CHAPTER 45 - COMMON TYPE OF INJURIES
CHAPTER 46 - INJURIES REQUIRING SURGERY
CHAPTER 47 - CATASTROPHIC AND SEVERE INJURIES
CHAPTER 48 TYPES OF MEDICAL PROVIDERS FOR BODILY INJURIES
CHAPTER 49 - PROVING AN INJURY CLAIM
CHAPTER 50 - DEGREE OF LIABILITY
CHAPTER 51- SOCIAL MEDIA
CHAPTER 52 - OPENING A CLAIM WITH DEFENDANTS INSURANCE COMPANY
CHAPTER 53- INSURANCE CARRIER THREATENS TO CLOSE FILE
CHAPTER 54 - RESPONDING TO REQUESTS FOR INFORMATION
CHAPTER 55 - RESPONDING TO REQUESTS FOR INFORMATION FROM YOUR OWN CAR INSURANCE
CHAPTER 56- AUTO INSURANCE COVERAGE
CHAPTER 57 - SELF INSURED MOTORIST
CHAPTER 58 - INSURANCE COVERAGE IN NO FAULT STATES
CHAPTER 59 - AUTO COLLISION COVERAGE IN NO FAULT STATES
CHAPTER 60 - INSURANCE COVERAGE FOR PASSENGERS
CHAPTER 61 - HEALTH INSURANCE COVERAGE
CHAPTER 62 - DISABILITY INSURANCE
CHAPTER 63 - SEEKING MEDICAL CARE
Totally Free Deals
g: 0 Posted By: skycriesmary
Views: 60 Replies: 2 I'm going from STD to LTD, and found out my employer will be keeping me on the books as 'inactive' as opposed to terminating me. I am not receiving health insurance through them once on LTD, so what's the benefit to them for keeping me on the books? I really don't think they hold out the hope I'll be able to come back to my previous position. It can't be to stop me from collecting unemployment as I can't while on LTD.

TIA for your feedback.
Discussion Deals
Medical charges from Mexico
Added on : Friday March 14th 2014 12:00:07 PM
g: 0 Posted By: CheapBustard
Views: 144 Replies: 3 Need advice on how to deal with unexpected bills from Mexican Ambulance. While on vacation in Cabo San Lucas in Dec of 2012, my mother-in-law had a medical emergency. She was on a boat that took myself and my kids to para-sailing boat and her finger got jammed between the two boats when they came together. Both boats belonged to a well-established local beach activities company. Her nail and a small piece of bone got sheared off, there was a lot of blood and pain. On the shore people in uniform (may or may not have been police) called ambulance. Ambulance people told us they would take us from Cabo San Lucas to San Jose del Cabo (probably 50 km away) to a clinic. When I questioned why we needed to go that far I was told that this was the only clinic that could do a surgery that was open at this hour. At that clinic (turned out to be private) doctors performed a surgery and requested us to pay everything in full on the spot. I was surprised that the activities company did not step in and took care of it, basically leaving us on our own. So my in-laws paid the bill (about $3,000 USD) that included $450 for the ambulance. Back in the US they got partial reimbursement from their insurance. About 10 months later they got their first letter asking them to pay roughly $3,000 USD. The letter had their correct address but their names were horribly misspelled. I was sure that was the same bill they got originally and told them to toss it since they already paid it. Letters kept coming and after looking more closely I figured that this was a new bill, just for the ambulance part. This was never presented to them and they were never told there would be an additional charge forthcoming. I'd like to ask for advice on what to do in this situation - should they ignore it, should I contact the company that is sending the bill, should I ask to verify the charges or should I wait until this gets sold to collection agency? Or should they go to a lawyer? BTW, my in-laws have very limited English so it would have to be me doing whatever it is needed to be done. I apologize for the long story, but I wanted to provide as much info as I can. I will attach images of receipts and bills.
Personal Finance Deals
Sears buy one pair of glasses and get one pair free
Added on : Friday March 14th 2014 12:00:03 PM
g: 0 Posted By: puggle
Views: 93 Replies: 0 Buy one complete pair of eyeglasses (frame and lenses) and receive one complete pair free - same prescription. First pair must be of equal or greater value to second pair. Valid prescription required. Varilux lenses excluded. Valid at participating locations. Cannot be combined with other offers, discounts, vision or insurance plans, previous purchases or prior orders. Not valid in OK and PR. Void in La Jolla and El Cajon, CA and where prohibited. Some restrictions may apply. See optical associate for details. Associate: apply discount to lenses. The Sears trademark is registered and used under license from Sears Brands, LLC.Offer ends 4/3/14.

http://www.searsoptical.com/en/so-us/sears-optical-coupons/
Clothing Deals

Sears Coupons
Free Kindle Book - Winning and Settling Your Personal Injury Claim
Added on : Friday March 14th 2014 05:00:11 AM
g: 1 Posted By: remick
Views: 172 Replies: 0 http://www.amazon.com/gp/product/B00I3LIXAC

5.0 out of 5 stars (7 customer reviews)

This book will empower you with the tools you need to understand how personal injury rights and obligations arise. It will give you the tools to understand how personal injury claims are evaluated and the tools to negotiate your settlement or take the case to trial if necessary. All types of injury accidents covered from traffic accidents, to slip and falls, to dog bites and anything you can think off. You will know what to do in all types of personal injury claims and you will know how to win your personal injury claim in small claims court.

Know what your rights are after an accident
Know when you have a case
Know how to boost the value of your claim
Know how insurance companies evaluate cases
Know the dirty secrets insurance carriers don't want you to know
Know how to gather your evidence
Know what to do with the insurance questionnaires
Know what mistakes to avoid in gathering and preparing your evidence
Know how to present your small claims case in court
Know what dirty tricks insurance companies use in small claims court
Know how to prepare for your small claims hearing
Know how to get a fair settlement with the insurance carrier
Know when and how to hire an attorney

98 Chapters Total:
CHAPTER 1 -INTRODUCTION
CHAPTER 2 - WHY INSURANCE COMPANIES WANT TO SETTLE
CHAPTER 3 -WHY INSURANCE COMPANIES WANT TO SETTLE WITH YOU
CHAPTER 4 - DISCLAIMER
CHAPTER 5 - PURPOSE OF PERSONAL INJURY LAW
CHAPTER 6 RESPONSIBLE PARTIES
CHAPTER 7 - THE BIG PAYOFF MYTH
CHAPTER 8 - OUTLINE TO SETTLE YOUR CLAIM
CHAPTER 9 - WHO CAN BRING A PERSONAL INJURY CLAIM
CHAPTER 10 - PERSONAL INJURY CAUSED INTENTIONALLY
CHAPTER 11 - ROAD RAGE INJURY CLAIMS
CHAPTER 12 - UNINTENTIONAL INJURY CLAIMS
CHAPTER 13 - TRAFFIC ACCIDENTS
CHAPTER 14 - SEAT BELTS, BABY CAR SEATS AND HELMETS IN ACCIDENTS
CHAPTER 15 - BICYCLE AND MOTORCYCLE ACCIDENTS
CHAPTER 16 - PASSENGERS IN CAR ACCIDENTS
CHAPTER 17 - COMMERCIAL VEHICLE ACCIDENTS
CHAPTER 18- PUBLIC ENTITY VEHICLE ACCIDENTS
CHAPTER 19 - SECRETS INSURANCE COMPANIES DONT WANT YOU TO KNOW- DUI OR DWI DEFENDANTS
CHAPTER 20- TRAFFIC ACCIDENTS WHEN YOU HAVE NO CAR INSURANCE
CHAPTER 21 - NO DRIVERS LICENSE
CHAPTER 22 - FOREIGNERS AND UNDOCUMENTED WORKERS CLAIMS
CHAPTER 23 - DOG BITES
CHAPTER 24 - INJURIES CAUSED BY ANIMALS
CHAPTER 25 - WRONGFUL DEATH CLAIMS
CHAPTER 26 SLIP AND FALL CLAIMS
CHAPTER 27- TRIP AND FALL CASES
CHAPTER 28 - HOMEOWNERS INSURANCE
CHAPTER 29 - PREMISE LIABILITY
CHAPTER 30 - TOXIC TORTS- INJURY FROM CHEMICALS AND POLLUTANTS
CHAPTER 31- CLAIMS INVOLVING MULTIPLE DEFENDANTS
CHAPTER 32- OTHER NEGLIGENCE CASES
CHAPTER 33 - WORK ACCIDENTS
CHAPTER 34 - MEDICAL MALPRACTICE
CHAPTER 35 - DEFECTIVE PRODUCTS
CHAPTER 36 - PUBLIC ENTITIES
CHAPTER 37- CORPORATIONS AND OTHER BUSINESS ENTITIES
CHAPTER 38 - SPORT AND ENTERTAINMENT ACCIDENTS
CHAPTER 39 - CHILDREN
CHAPTER 40 - BURDEN OF PROOF
CHAPTER 41 - STATUTE OF LIMITATIONS
CHAPTER 42- INDIAN CASINOS
CHAPTER 43 - INJURIES ON MEXICAN AND CANADIAN SOIL
CHAPTER 44 - PROPERTY DAMAGE CLAIMS IN TRAFFIC ACCIDENTS
CHAPTER 45 - COMMON TYPE OF INJURIES
CHAPTER 46 - INJURIES REQUIRING SURGERY
CHAPTER 47 - CATASTROPHIC AND SEVERE INJURIES
CHAPTER 48 TYPES OF MEDICAL PROVIDERS FOR BODILY INJURIES
CHAPTER 49 - PROVING AN INJURY CLAIM
CHAPTER 50 - DEGREE OF LIABILITY
CHAPTER 51- SOCIAL MEDIA
CHAPTER 52 - OPENING A CLAIM WITH DEFENDANTS INSURANCE COMPANY
CHAPTER 53- INSURANCE CARRIER THREATENS TO CLOSE FILE
CHAPTER 54 - RESPONDING TO REQUESTS FOR INFORMATION
CHAPTER 55 - RESPONDING TO REQUESTS FOR INFORMATION FROM YOUR OWN CAR INSURANCE
CHAPTER 56- AUTO INSURANCE COVERAGE
CHAPTER 57 - SELF INSURED MOTORIST
CHAPTER 58 - INSURANCE COVERAGE IN NO FAULT STATES
CHAPTER 59 - AUTO COLLISION COVERAGE IN NO FAULT STATES
CHAPTER 60 - INSURANCE COVERAGE FOR PASSENGERS
CHAPTER 61 - HEALTH INSURANCE COVERAGE
CHAPTER 62 - DISABILITY INSURANCE
CHAPTER 63 - SEEKING MEDICAL CARE
Totally Free Deals
g: 0 Posted By: DaysFan
Views: 87 Replies: 0 https://www.groupon.com/deals/gg-neatreceipts-or-neatdesk-mobile-or-desktop-document-scanner


NeatReceipts or NeatDesk Document Scanners for Mac or PC from $89.99-$274.99 (Manufacturer Refurbished). Free Returns.In a NutshellScan and digitally store tax records, bank statements, medical records, insurance forms, and recipes; documents become searchable by keywordThe Fine PrintLimit 3 per person, may buy 2 more as gifts. Free returns. Does not ship to AK/HI/Canada/Puerto Rico. Most orders are delivered within 12 business days from the purchase date. Does not ship to PO boxes. See return policy.Must pay applicable tax and provide name and shipping address at checkout, which will be shared to facilitate shipping.6 month warranty from Neat Receipts. Goods sold by Groupon Goods. See the rulesthat apply to all dealsThe Deal

NeatReceipts mobile scanner and Digital Filing System (manufacturer refurbished), available for Mac or PC
NeatDesk desktop scanner and Digital Filing System (manufacturer refurbished), available for Mac or PC

Any price comparison is to a new, non-refurbished product price.Neat Desktop and Mobile ScannersNeat's scanners and Digital Filing System help to turn copies of bank statements, tax forms, medical records, and other valuable papers into organized digital files. Once you've scanned documents, you can automatically sort them by type, and you can use keywords to search the Neat Digital Filing System for important paperwork, tasty recipes, or the schematics to your super-secret blanket fort. The compact scanners can convert documents into color, grayscale, or black-and-white digital files with a maximum resolution of 600 dpi.NeatReceipts

Mobile scanner and digital filing system
Stay organized at home or on the go
Includes Neat software
Identifies, extracts, and organizes key information
Scanned documents organized in Neat Digital Filing System
Receipts become digital records with vendors and amounts
Business cards become digital contacts
All documents become searchable by keyword or basset hound
Ideal for tax records, medical records, insurance forms, and recipes
Fully USB powered
Maximum resolution of 600 dpi
Scans in color, grayscale, or black and white
Speed: 34 receipts per minute
Six-month warranty from NeatReceipts
Condition: manufacturer refurbished
Dimensions: 10.8x1.6x1.3; 10.6 oz.

In the box: NeatReceipts scanner, USB cable, AC adapter, calibration paper, dry cleaning paper, alcohol cleaning paper, instruction manual, and installation CDNeatDesk

High-speed, duplex desktop scanner
Includes Neat software
Identifies, extracts, and organizes key information
Scanned documents organized in Neat Digital Filing System
Receipts become digital records with vendors and amounts
Business cards become digital contacts
All documents become searchable by keyword
Ideal for tax records, medical records, insurance forms, and recipes
Scans up to 50 pages per load and 24 pages per minute
One- or two-sided scanning
Maximum resolution of 600 dpi
Scans in color, grayscale, or black and white
Six-month warranty from NeatReceipts
Condition: manufacturer refurbished
Dimensions: 10.8x7.5x7.3; 4.4 lbs.
Includes AC power adapter

In the box: NeatDesk scanner, USB cable, AC adapter, calibration paper, dry cleaning paper and alcohol cleaning paper, instruction manual, and installation CDClick here to view additional specifications for each option.How to get your goods: by purchasing this Groupon and providing your name and shipping address, your order is complete!

For questions pertaining to this deal, please visit the deal Q&A on this page. For post-purchase inquiries, please contact Groupon customer service.

Electronics Deals

Groupon Coupons
g: 0 Posted By: CindyLouWho2
Views: 54 Replies: 0 Test Drive a 2014 Cadillac By 3/31 & Rec A $100 Visa Prepaid Card While Supplies Last
Test-drive a 2014 Cadillac by March 31, 2014, and receive a $100 Cadillac Visa Prepaid Card while supplies last. To be eligible, test-driver must be 18 years of age or older with a valid drivers license, show proof of insurance and ownership of a 2004 or newer non-GM vehicle

http://www.cadillac.com/current-offers.html?x-zipcode=12919
Insurance Brokerage
Added on : Thursday March 13th 2014 05:00:14 AM
g: 0 Posted By: langberg
Views: 0 Replies: 0 Hi,

I was not sure if this should go in "off topic" or the "finance" forum, but it is regarding insurance and becoming a small broker for business to business dealings. I am an independent insurance agent and I currently only sell supplemental insurance for Aflac, it fills in the gaps where health insurance and other insurance do not cover. However, I do want to expand my product offerings, namely ones that offer the following:

1. Life Insurance
2. Dental
3. Long Term Disability

I am looking to represent the most honest and fairly priced companies, as I have already found that Aflac is the best in their field and I am proud to represent such ethical insurance company (they've been recognized in Ethisphere's list of World's most Ethical Companies since the inception). Any suggestions on great companies for those 3 types of insurance?

Thank you,
Jon
g: 0 Posted By: remick
Views: 43 Replies: 0 http://www.amazon.com/Obamacare-Smarties-Cat---Mouse-Healthcare-...

Obamacare For Smarties helps you choose a health plan so you don't buy more insurance than you need - or less.

But it's not just another guide to the Affordable Care Act "for dummies" - nor does it dwell on the politics of Obamacare, which can distract you from your best choices to comply with the law while protecting yourself and your family.

In addition to helping you determine any benefits you're entitled to under Obamacare, it also guides you on how to deal with your insurance company - from understanding what their plan does and doesn't cover to appealing denied medical claims. It helps demystify insurance so you get the full value of what you're paying for.
Totally Free Deals
Madza5 new verses used 2013. WWYD?
Added on : Wednesday March 12th 2014 10:00:14 AM
g: 0 Posted By: doublePie
Views: 0 Replies: 0 Normally I'm just a lurker, but would appreciate another set of eyes on this and have seen similar posts here before without anyone getting too offended so here's a try.

Im currently looking into buying a lightly used Mazda5 in the next five months. My husband and I have a two year-old and are expecting our second this fall. The high mileage 2000 Corolla I currently drive has been good to us but it is time for an upgrade. We also have a dog, go on short road trips frequently, live in a ruralish area (lots of driving to everything), and can afford it.

Our credit union is offering 2.9% financing on anything wed consider. Mazda only offers 0.9% financing on 2014 models. FICO is 800 +/- 20. Down payment could be as much as $9K but Id like to do less (like $4K) given current interest rates. Budget is up to $300/month for 48 months in addition to reoccurring costs of full coverage insurance, local annual personal property tax, and decreased gas efficiency. Id like to pay cash but at total interest of well under $1000 even at the very worse, it is worth it to me to buy it now instead of toting around two adults, a toddler, a newborn, and a dog in an old Corolla.

That leaves me with a Target purchase price of $18,000. If we do our shopping in DC, we can reasonably expect to pay just under $16,000 for a 2011-2013 with 30,000 miles and a clear CarFax from a dealership.

The wrench here is that we went to check it out at the local dealership. They had a new 2012 that they would sell for about $18,000. I test drove it Saturday evening and it was sold before my husband called on Monday morning to drive it himself. They asked if wed consider a 2013, but the numbers were just getting too far out of range. They asked what wed consider it at, I said $18K, they countered at $18,800. That is, admittedly, a very nice price on that car. KBB says that the average price paid is $19,867 (base model with automatic transmission). But we can pick up a used one under $16,000. The new one would come with a 36 month warranty. It's a four hour trip to DC for a used one and would blow a weekend, but my parents live in the area so we wouldn't have to make it in one day and they could see the grandbaby.

Is there anything Im missing? Anything else I should be considering? I'm really leaning towards used but the local dealership getting the new 2013 to under $19K has given me something to seriously consider.
Dental Insurance: Coordination of Benefits and Subrogation
Added on : Tuesday March 11th 2014 09:00:10 AM
g: 0 Posted By: EugeneV
Views: 141 Replies: 2 My wife and I both have dental plans at work. Our children are covered by both plans. Both plans follow Non-Duplication COB. This means that my wife's plan is primary sice her birthday comes before mine in the year (yep, the industry standard is that ridiculous), and my plan applies only when hers does not. Her plan has no out of network benefits, while mine does. However, her plan covers orthodontics for children at 50% with no lifetime maximum. My plan covers it in network at 100% with $50 deductible, but 2k lifetime maximum. Actually, this was the only reason I signed up for the plan to begin with, hoping to use up the 2k first, before her plan kicks in.

I called the plan to verify that it would pay in this situation, and I was told that no, as the secondary plan, they would not pay until annual or lifetime maximum under the primary plan is reached, and since it will never be reached, the secondary coverage will never kick in. This does not sound right to me, but assuming that this is correct, I asked what if I go to an orthodontist who is in network for my plan, but not in my wife's. In that case, I would have no benefits under the primary plan and would assume that the secondary would kick in? The rep told me that it would not, but I asked for the supervisor to double check. Then I was told that the orthodontist would still need to bill the primary, get a rejection for being out of network, and only then bill the secondary and forward the rejection to them. That's a lot of hassle.

Does the above sound right? Do I have the responsibility to establish this subrogation? Presently each plan is unaware of the other, and I have not yet had any reason to submit any claims to both.
Personal Finance Deals
Any NYC health insurance plans with out of network coverage?
Added on : Monday March 10th 2014 12:00:05 PM
g: 0 Posted By: rpi1967
Views: 93 Replies: 1 Single New York City part time worker needs a health insurance plan with out of network coverage.
Really need information about a plan for NYC, but please not commentary.
Have tried to get info on the web and, NY state exchange but this info is obsured. Insurance reps are not help probably on purpose.

Perhaps someone has a plan that covers out of network coverage and can tell us. TIA
Question Deals
door ding in parking lot, but I have other car's plate
Added on : Saturday March 08th 2014 01:00:09 PM
g: 0 Posted By: civ2k1
Views: 225 Replies: 6 I was parking in a parking structure this afternoon and there were no spaces available after driving all the levels. On the way down I found 1, but the guy was parked over the line.

I only planned to be gone for about 20 minutes, so it would be quick.

I was able to park leaving reasonable space on one side (where the neighbouring car that was parked in his space wasn't inconvenienced), and I climbed out of my car on the passenger side.

I took a couple photos of the car over the line and his plate just in case (should have listened to my inner voice and just not parked there).

Anyway, I just got back to my car and there's a pretty serious door ding (door panel is creased). I guess technically I can't prove it was that guy since I didn't see it happen. Should I waste my time reporting to my insurance (I'm assuming they can track the guy down based on the plate) or just suck it up because reporting to my insurance won't help and I'll end up with a claim on my record?

And I know, I was probably asking for it by knowingly parking there. Let's move on from that.

Edited to add: quite likely the door that hit me is a rental car, not sure if that helps, hurts, or doesn't matter. And I don't know how to post pics from mobile, but will do so later.
Discussion Deals
Home Owner's Insurance Options
Added on : Saturday March 08th 2014 03:00:08 AM
g: 0 Posted By: jimates
Views: 81 Replies: 0 My sister talked me into this deal.She took out a bridge loan to buy a second house in another community. I am buying her old house in a rent to own agreement.
Her insurance company said changing the status of the property to rental would increase the insurance rate from <$400 to >$800. Reducing the coverage by >50% would only save $182 a year so not a good option. I could get my own insurance but that would not satisfy her loan requirements.

Any viable options out there for insurance coverage at great rates.

State of PA
Changed from Allstate to Erie for super savings after Katrina (all major carriers had significant increases).
House appraised at $77k
Insurance coverage of $175k (replacement costs)
Reducing to $80k would only save $182 a year
Real Estate Deals
Deducting your full umbrella premiums as a landlord
Added on : Saturday March 08th 2014 03:00:07 AM
g: 0 Posted By: SangioveseW
Views: 42 Replies: 0 The standard advice is that landlords can deduct the small portion of the umbrella premium that your insurance company says is attributable to your rental property, as there is usually a rental property surcharge. What about taking the position that the only reason that you even have an umbrella policy is because you are a landlord and you otherwise would have never purchased such a policy. This way, you should be able to deduct the entire premium. Is this too aggressive of a position for a relatively small gain (although it goes without saying that it becomes more attractive to people with larger and more expensive umbrella policies) or do people think that it's reasonable?
Real Estate Deals
question: auto accident/ contesting repair estimate
Added on : Saturday March 08th 2014 01:00:05 AM
g: 0 Posted By: rasheedaas
Views: 64 Replies: 0 Pulling out of a parking space, I pulled into the path of a vehicle. My fault. I checked my mirror, but did not check the blind spot.
Cop was called, ticket and points issued to me.

I looked at the other vehicle, she had a few scratches on her bumper, no dents, a few scratches.
I'm thinking I got off light, and told her let's do this without insurance.
so she sends me an estimate of over $1000. cuz she needs a new bumper.

I don't think she needs a new bumper.
I now have the option of going thru my insurance company and higher rates.

but I'm wondering is there no way to contest this estimate?
Isn't there some standard of reasonableness?

suppose she decides she needs a new paint job, cuz the new bumper doesn't match? Am I responsible for that too?
Personal Finance Deals
Wife hit parked car (w/pic...of car)
Added on : Friday March 07th 2014 07:00:06 PM
g: 0 Posted By: Table83
Views: 77 Replies: 2 Wife hit an '05 Corolla. Picture is attached. Car insurance information was exchanged.Car owner got a quote for $575 from a shop. Didn't see the paperwork for the quote, but says that she has it. Not dented at all, just scratched but says bumper needs to be removed to be painted. I've seen whole bumpers replaced for less than this. Car owner says she has a friend who will do it for $400. (Is this still realistic?)

Assuming this is a realistic number, I'd prefer to just pay the $400 out of pocket. My deductible is $500 anyway. (This really is a lot of money for my family because I make $45k/yr and we have 3 kids. Wife doesn't work.)

What steps do I need to take to cover my back? Standard "Payment in Full" disclosure on the check? Anything else? Am I missing something?
Question Deals
Protecting Assets Accident Exceeds Insurance
Added on : Friday March 07th 2014 07:00:13 AM
g: 0 Posted By: PersonOfDisinterest
Views: 63 Replies: 0 Hi,

I've been reading this forum for a while but this is my first time posting. I was recently in an auto accident. (I was making a left turn, the other guy sped up and ran a red. No witnesses though and California so I'm default at fault). I thought I had enough insurance coverage but it looks like it's going to exceed my limits (yes I should have had umbrella coverage). I w as wondering about protecting what little assets I have in negotiating a settlement should it come to that.

Summary:
New Wife just had a baby - on maternity leave
I work film production - job will go on hiatus soon (hope to land a pilot)
Together we will make about 80k a year when she goes back
Daycare 11k a year
We have some money saved in her 401k and my Roth.
Some money in regular stock. Not enough for a house payment though
Several thousand in credit card debt at 0%

My question is what is an insurance company capable of digging up when they determine my ability to pay and how worth it it is to negotiate with me. Should I gift stock to my baby, wife, or parents? Is there anything else I can do? How do I go about settling this sort of thing as well as I can without making it so my kid can't go to college? (And yes I'm getting recommendations for lawyers)



Personal Finance Deals
$51k in bank, 24 years young... time to buy my own pad?
Added on : Thursday March 06th 2014 04:00:10 PM
g: 0 Posted By: tol835
Views: 209 Replies: 6 I have been racking my brain about the idea of buying my own place... please read on if you are also pondering this or have something to contribute!

I live in Chester County in Pennsylvania. I have 51k in savings, 7k in other fairly liquid assets (Also it is stuff I could part with) not including my car, and 12.5k in my 401k (current total contribution is 10%). My monthly take home is $3,106. I am currently paying $600 a month for a small room in a nice 2,000 sq. ft. three story townhouse worth about $260,000 with 2 other roommates that I tolerate but don't enjoy living with all that much. The one guy owns the place. EVERYTHING is included for the $600 and I am NOT in any type of contract. The house is 2 miles from the office which is the biggest benefit of living here. I have no other financial obligations besides my car and renter's insurance.I have a 2 year specialized technology degree and have been working full time in my career for 4 years at the same company.

I have looked at a few houses, and am considering purchasing a townhouse for around 160k, putting 20% down making the loan $128,000. In addition to annual property taxes of around 2-3k, I would likely have a monthly HOA fee of $125-$215.

I am very independent and like being in control and living with 2 roommates is starting to get very taxing on me. If I get lonely at my own place (Im not sure if this would happen or not) I could always rent out a room and also pay the mortgage off faster. Also, living with only one other person in the house who I can choose myself shouldnt be too bad if I vet and choose the right person.

Having said all that the obviously other choice is to rent a one (maybe two) bedroom studio apartment for around $800-$1,000 a month plus utilities so maybe $1,200ish. Thats double what Im paying now but would likely still be within 5-7 miles of where I work. The other big downside to this choice would be that I would be in a contract, so purchasing a house wouldnt be as easy when the time came. However, I would try to get a lease with an out provided I give the landlord a 3 month or so heads up.

Thoughts from the older and wiser would be much appreciated!
Real Estate Deals
Budget Car rental experience in Orlando (MCO)
Added on : Thursday March 06th 2014 07:00:15 AM
g: 0 Posted By: jplee3
Views: 8 Replies: 0 Hi all

Wanted to get some advice as to what I should or can do in light of a bad car rental experience at MCO. Besides a horrendous wait time (almost 2 hours) in line, the agent who helped me basically tacked on SLI (Supplemental Liability Insurance), and when I inquired about this, she said it's mandatory/required in Florida... I just emailed Budget directly about this, as I thought it was a bit strange, and they told me it's definitely optional and not required or mandated in the state of Florida. The same agent also misinformed me about tolls in the area, stating there would be no tolls where we were headed. Again, she was wrong as we passed two tolls that we paid for (I was prepared to pay anyway).

In either case, we either got an agent dumber than a box of rocks or she was being extremely dishonest and 'upselling' us on SLI to potentially get some commission out of it.

At this point, is there anything I can or should do about it? Obviously I signed the contract and trusted her word about SLI (but the issue is that she was either greatly misinformed or dishonest... I'm leaning more towards dishonest though). Even after I read in some states SLI is mandated but generally if you have your own insurance you *should* be covered. One of those things where, if you don't happen to know off the top of your head at the moment, you're kinda stuck...

Any advice? I've already emailed Budget initially to inquire as to whether or not SLI is mandated, and got their reply - just replied back stating my displeasure at this level of service.
Car Rental Deals
g: 0 Posted By: atikovi
Views: 76 Replies: 2 Just cause a glimpse of this on the news but in Daytona some woman, I guess trying to commit suicide along with her kids, drives a nice Honda Odyssey into the ocean. They are all rescued but I assume the Honda, mostly submerged,is a total. Does insurance cover deliberate acts like this, even if she is out of her mind? I'm guessing not, or we'd see a lot more of these events by people wanting to dump their cars.
Question Deals
Credit card with max rewards for Health Insurance payments?
Added on : Tuesday March 04th 2014 10:00:05 PM
g: 0 Posted By: brienNYC
Views: 47 Replies: 1 Are there any credit cards that offer rewards effectively greater than 2% CashBack for health / medical insurance payments on an ongoing basis?

I did a search but couldn't come up with anything. Thanks.
Question Deals
any way for my sister to pay bills without losing benefits?
Added on : Tuesday March 04th 2014 07:00:11 PM
g: 0 Posted By: IStillPickUpPennies
Views: 123 Replies: 3 My sister was diagnosed with cancer a few months back. She worked at a call center for almost a decade. There was lousy insurance there, and no job security at all. (you could be fired if your typing speed dropped just a little, etc.)

Her doctors told her that she needed major surgery to remove the cancer, and that because of her weight and other health issues it would likely take quite a number of months to recover.

Although she explained to her bosses that she was diagnosed with cancer, and that she would need a number of months to recover after surgery, she was then fired from her job. It has now been more than 4 months, and she is still in an assisted care
facility, after being released, getting a major infection, and having to be readmitted to the hospital.

She has gotten a lot of financial help from various friends and family for the surgery, bills and other basic living expenses. She also finally signed up for unemployment, food stamps, etc., so that she can get some help
before getting back on her feet and finding a new job.

Trouble is, she has been told that she can't have more than $100 in her accounts, or she risks losing the benefits. When she gets a check from friends, she has had my Mom running back and forth to the bank, cashing the check, and then depositing small amounts under $100 to my sister's checking account so that she can write multiple, small checks to pay her bills.

My sister does not have Internet or a smartphone which might help simplify matters by allowing her to pay bills herself or something along those lines. She currently has a laptop and internet connection at the hospital, but says she would not use any sort of online system, due to not trusting computers with her personal information. Now my parents are down in Florida for a while, and it looks like my sister expects me to run back and forth to the ATM for her, so that she can continue to try to mail out multiple, small checks to pay her bills.

There has GOT to be a more efficient way to go about this, but the only thing I was able to think of was American Express Travelers Checks. Up until about 6 years ago, we always used them when we went on vacations. I was able to get them for free at our credit union. I was thinking perhaps I could get my sister a bunch of $100, $50 and $25 travelers checks when she wants me to cash a check, which she could then mail out to pay bills, and they wouldn't even show up on her account balances when they do an audit to determine her benefits. Trouble is, our credit union stopped selling them, which means I would probably have to drive to a bank and incur fees & such.

Can anyone think of a simpler way for her to pay her bills in a check-like fashion (mailing out some form of payment) without having to first deposit the money into her accounts? I am not really coming up with any good solutions for this, so I'd appreciate suggestions. Thanks so much for any helpful ideas you might have to try.
Personal Finance Deals
g: 0 Posted By: remick
Views: 133 Replies: 0 Prospect & Flourish: How to Conquer the "Weakest Link" in the Sales Process (a guide for sales professionals and job seekers) byKeith F. Luscher
http://www.amazon.com/Prospect-Flourish-Conquer-Weakest-professi...

In truth, selling is anything but easy. But for professionals who understand and practice this from the heart, selling is easier! It is more naturalit is the result of building relationships.

There is plenty of information out there on how to sell. But to truly flourish, you must first prospect. Everyone has to prospect. Most people
hate to do it, and we believe that the five most common reasons why sales professionals dont prospect enough are:

They dont understand the value of what they are selling
They have a fear of rejection
They dont know what to do or how to do it
They are not motivated
They have a personal difficulty to overcome
Do any of these statements describe you? If so, you are not alone.

Indeed, it all truly comes down to sales, which cannot occur unless you keep your pipeline full. After all: The number one cause of FAILURE for sales professionals and job seekers is lack of prospects.
While you have plenty of resources and options at your disposal to learn more about sellingbut there is not enough out there to help sales people confront their fears and overcome their personal challenges when it comes to prospecting.
Until now.

Introducing the all new fourth edition of an intense, peer-reviewed, time-tested book on prospecting: Prospect & Flourish: How to Conquer the Weakest Link in the Sales Process. Originally created for use in the insurance industry, Prospect & Flourish is a comprehensive guide to business prospecting in all its forms. Readers will learn how to:

Become a networking maven, and build connections and relationships with people from across town to around the globe.
Develop centers of influenceoften the cornerstone of a healthy client portfolio.
Master the art of referrals and introductionswhich begins with knowing the difference between the two.
Establish their own trusted board of advisors, who can provide expertise, counsel, and yes, referrals.
Become properly scripted, so they will know what to will say before they say it when it comes to engaging prospects in all types of situations.
Get their foot in the door at companies where they do not have any prior connection (our secret: Use a Wedge).
Learn about networking and referral groups, and how to make the best use of them not just for yourself, but for your colleagues as well.
Learn to properly use social media, such as LinkedIn, Facebook and Twitter to engage prospects by delivering value while building a professional brand.
And much, much more. This all new fourth edition contains nearly 300 pages worth of tips, how-to strategies and resources that will enable you to Prospect & Flourish continuously every day!

What is Your Return on Investment (ROI) in Prospect & Flourish?
Indeed, the return on your investment is fairly simple to calculate. While guarantees in many professional industries are difficult to extend, I guarantee this: if you adopt just a few approaches that you will learn throughout this book, you WILL see results.
If what you learn enables you to create at least one new client relationship, your investment has just paid for itself many times over.
Further: Look beyond your first paycheck for that single new client or job. What do you think will be the lifetime value of that one relationship? How much might you earn through serving that single entity over the lifetime of your career?
The payback on your investment grows exponentially.
Totally Free Deals
Home based daycare. Do I need EIN, business bank account, CC ?
Added on : Monday March 03rd 2014 09:00:09 AM
g: 0 Posted By: desikid
Views: 69 Replies: 0 We have recently started licensed home based after school daycare in CA. (bay area, Santa Clara county). Wife is primary license holder to operate daycare.
Any guidance on following is welcome.
1) Should we open separate bank account in name of daycare? What is the benefit of doing so?
2)For tax purposes, do we need to apply for EIN Or can we simply add expense/revenue during "married filing jointly" tax return next year?
3) For expenses, should we apply for business credit card? Or can we still use personal credit cards for business expenses?
4) We have daycare insurance from our home insurance company. Is LLC needed in this case?

Anything else should we consider?

TIA.


Personal Finance Deals
Double health insurance coverage? How does it work?
Added on : Monday March 03rd 2014 07:00:12 AM
g: 0 Posted By: youngconsultant
Views: 140 Replies: 6 I'm hoping you guys can help explain this- I have been reading a lot online and also called one of the insurance companies but didn't get a great answer.

Here is my situation- I am 23 and currently on my parents health insurance. It is a PPO+ with good coverage. See the attached image for specifics
My employer offers two different plans, one of which has a high deductible that would allow me to get an HSA through them.I want to get an HSA.See attached image 2 for specifics

How would the insurance work if I get my own high deductible plan with an HSA, and use my parents PPO+ as secondary coverage? Is it possible to use their plan as the primary instead?

From what I've read it's complicated and usually a headache, but I am interested in taking advantage of the tax savings that the HSA would provide me.

Also as a follow up question, do I have to get a HSA with the bank that the health provider uses? Or can I open it with anyone I choose to. They use JP Morgan which has a $3.75 monthly charge that I'd like to avoid.

I really appreciate any advice/input you guys can provide. Let me know if there are any important details that might be useful to know
Personal Finance Deals
Car insurance comparison sites?
Added on : Monday March 03rd 2014 04:00:08 AM
g: 0 Posted By: yurgreat
Views: 53 Replies: 0 are there any comparison sites that give you quotes on your screen?

I went thru http://www.insurance.comparisons.org/and entered my info.All I gotwere referral links to the big insurance companies where I had to enter my info again.
so basically they get their $ from referral links, plus they now have my info (probably to sell to marketing groups).

AVOID http://www.insurance.comparisons.org/
Discussion Deals
Looking for Advice on Affordability of Home Purchase
Added on : Sunday March 02nd 2014 09:00:07 AM
g: 0 Posted By: BillRHIT
Views: 182 Replies: 7 Hi all, I have run a lot of numbers and am on the verge of making an offer on a home. I believe we can comfortably afford it, but would like to hear others opinions and see if I have missed anything. I acknowledge that we don't "need" this fancy/large of a house, but I would prefer to buy our "dream home" now as opposed to buying an intermediary home and in 5-10 years moving up. We live in the midwest (not Chicago), so housing is cheap here.

My wife and I make a combined $250K. ($200 for me, $50 for her). My job is as stable as I could hope for. My income could fluctuate year to year, but should generally increase over time. I'm a new partner in a well established mid size law firm.

We currently live in a $140K home and owe about $80K on it. In addition to that $50-60K equity, we have $450K in liquid funds and $300K in retirement savings. Both of our cars are worth about 25K each and are paid off, and we have no debt other than the mortgage. We currently have a two year old son, and hope to have one more child in the near future. Our current home is too small for a second child. We spend $1000 a month on child care and will send our kids to the local public schools, which are very good.

Home would be 600K, maximum. Property taxes are roughly 5.5K annually with $500/yr HOA fees. With a 200K down payment and a 4.125% 30 year mortgage for the rest I figure the payment (all in) would be $2500/month.

Our net income is about $160,000. This accounts for taxes, health insurance, HSA contributions, and maxing out retirement savings. Obviously this would go up if we were to take on the larger mortgage.

Based on this, the mortgage described above would be ~19% of our take home pay. We would still have 300K in savings (provided our current home sells quickly, which we expect based on it being in great shape and the cheapest home in a desirable neighborhood/school district). I expect to spend about 20K furnishing the new home in the next few months.

Am I missing anything? Thanks in advance for your thoughts. I know many may think this is too much house, and I hear that, but you could spend it in worse ways, right?
Personal Finance Deals
Am I biting off more then I can chew in regards to a condo purchase?
Added on : Saturday March 01st 2014 08:00:06 PM
g: 0 Posted By: guy4167
Views: 0 Replies: 0 Single, 2 years out of college. I have been living at my parents house. Last year I made $44,350 including bonuses. I have been promoted since I started work and it is going very well. Good job working for a large corporation, but not where I want to be in terms of salary yet. I am in the profession that my career will be spent doing.

I have $54,000 at my disposal right now. No debt and I own a car worth about $6000 that is in good working order. Thinking of purchasing a 2 bedroom condo:

$179,000 asking price. (sold for $245,000 in 06)
$4400 property taxes
$300/month HOA

Puts me at a monthly payment close to $1400 between mortgage/taxes/HOA. Only taking home $2500 a month after taxes, health insurance, maxed 401k, etc.
Usps insurance?
Added on : Thursday February 27th 2014 09:00:17 AM
g: -1 Posted By: vickh
Views: 202 Replies: 3 Newbie online seller q:

Sold a htcphone for $100 on Amazon, buyer claims it doesn't work now . Was working fine and shipped priority mail w/insurance.

Who files the claim?

https://www.usps.com/ship/file-domestic-claims.htm


Question Deals
FSBO TX Contracts & Title insurance
Added on : Tuesday February 25th 2014 03:00:09 PM
g: 0 Posted By: ymarker
Views: 69 Replies: 0 Anyone sold a house on their own w/o a Realtor in TX recently?

I found a link to TREC forms here.For a typical single family home, I imagine we just need Form 20-11One to Four Family Residential Contract (Resale). Any reason to pick one title company vs another? Who pays closing costs in tx? How much earnest money is commonly asked for?
Personal Finance Deals
g: 0 Posted By: MISTERCHEAP
Views: 135 Replies: 0 FARR
10RR wyb Insync Probiotic 30ct. $10
1.50RR wyb Kellogg's Breakfast To Go or Special K Coffee House $1.49

15% off your transaction at Walgreens stores
(20% off nice!, well beginnings, and w brand)
one day only, 03/04/14
must be 55 years of age or an aarp member. proof of age may be required. discounts not valid on prescriptions, cigarettes, dairy products, liquor, liquor department items, phone cards, newspapers, magazines, stamps, gift cards, items or services submitted to insurance for reimbursement or where otherwise limited by law. also not valid toward prescription savings club membership fee.


Ad scan link http://images.iheartwags.com/ad_scans/2014/0302/walgreens-030214...
Health & Beauty Deals

Walgreens Coupons
High Deductible plan versus. Traditional plan
Added on : Sunday February 23rd 2014 02:00:05 PM
g: 0 Posted By: couponqueenabk
Views: 80 Replies: 0 I am trying to decide between the two health plans offered by my employer. I am married (30 yrs. old) with no kids. My husband will remain on his own plan, so I will opt for a single plan.

High Deductible-
Monthly employee cost - $111.39
Deductible - $3,000.00
Coinsurance - 0% after deductible (for hospitalization, emergency room and office visits). Preventative care is 100% covered (deductible does not apply).
Out of pocket maximum = 4,000
Note that the high deductible plan still gets the insurance carrier's negotiated rates.

Traditional:
Monthly employee cost - $189.98
Deductible - $500.00
Coinsurance - 20% after deductible, emergency room = $200 copay and 20% coinsurance; office visit = $20 copay; hospitalization = 20% after deductible; same preventative care as above
Out of pocket maximum = 3,000

This is very perplexing to me. Annually, I would pay about $950 less in premiums under the high deduct. plan. I feel that the simple answer is that if I plan on seeing the doctor 0-3 times per year (as was the case with me for 4 of the past 6 years), and assuming a doc visit costs about 100 bucks, I should pick the high deductible plan.

HOWEVER ---- My husband and I are trying to have a baby, so, in that case, we would probably want the traditional plan, correct (due to the lower out of pocket max and assuming deliver costs around 10k)?

Any thoughts? Am I missing anything in my rationale?
Personal Finance Deals
Amazon Free App of the Day - eWallet for Android (was $9.99)
Added on : Tuesday February 18th 2014 05:00:23 AM
g: 0 Posted By: remick
Views: 72 Replies: 0 http://www.amazon.com/gp/product/B006UW4OB8

4.4 out of 5 stars (45 customer reviews)
#1 in Appstore for Android > Productivity

Don't take risks with your passwords, account info, card numbers, or IDs. Keep them protected, secure, and easy to access in eWallet. Your passwords are very important - just think about it. All your money, your bank accounts, financial info, health info, credit cards, insurance, and everything else you need to keep private is protected by passwords. They're not just for email, Facebook and Twitter.

So when you're looking for a password manager, pick one you can trust.

eWallet, from Ilium Software, has been trusted by mobile users for over 16 years. With more than half a million users, in-house email support, and dozens of major industry awards, eWallet is your best - and safest - choice for your confidential information.

eWallet protects your information completely, with:
+ Secure storage for passwords, usernames, PINs
+ Strong 256-bit AES encryption
+ Secure storage for bank and credit card info
+ Time-out locks to keep your info safe
+ Live URLs that launch the websites you know, without the dangers of phishing emails or typing errors taking you elsewhere
+ An automatic password generator to create strong, secure passwords
Totally Free Deals
ACA ("ObamaCare") Payments for Fun & Profit
Added on : Sunday February 16th 2014 08:00:11 AM
g: 2 Posted By: EricGo07
Views: 172 Replies: 1 I recently paid a monthly health insurance (HI)premium by credit card, and was very happy to find that I received rewards for the payments. Nice, but it gets so much better than that:

I was able to pay 3 months ahead of time. My intent was really only to make payments convenient for me, but now that I know that payments can be time shifted, I can receive a discount of 10-20% by doing the following:

Wait for a juicy credit card offer that requires thousands of dollars of purchases within a short period to receive an award that amounts to a discount of 10-20%;
Set up my HI payments to not include the monthly ACA credit.
Pay months of HI to match the CC rewards requirements.

My example: My annual HI plan costs about $8000 a year.
I will pay it with a CC or three that offers say a 15% rewards offer
Presto! $1200 of rebate money.

This of course only works for people who can wait for the ACA credit.
Tax Deals
g: 0 Posted By: PatrickM213
Views: 21 Replies: 0 I was just hired as a truck driver in the oilfield. It's fairly dangerous work(aside from driving, I will be around many large objects that can explode or fall).

I've never purchased or concerned myself with things like disability insurance before and I am hoping to get some feedback on my options. My employer offers ADD insurance(1x base pay) with the option of purchase additional coverage, as well as optional short term and long term disability.

I'm single with no dependents, and currently no major assets(live in a travel trailer out in the oilfield). I am not so concerned about short term as I plan on having a significant emergency fund. If I die, so be it.. but I am concerned about the very real chance of being seriously injured(lost limbs, fingers, broken bones etc. A friend's brother lost an arm for example). My intention is to work in the oilfield for 5 years, not necessarily as a truck driver but in just as if not more dangerous contexts.

Suggestions, feedback and links to educational resources are appreciated!

Rates for additional coverage for me would be:
ADD:$0.07 / $1000 (Increments of 10k from$20,000 and $2 million. The maximum
coverage cannot exceed ten times your annual base pay)
STD: $.32 / $10 of weekly coverage (Up to 60% of base pay after 14 days. Max 24 weeks out of 12 months for same condition).
LTD: $.97 / 100 of monthly (If you meet the disability requirements and are unable to work due to sickness or injury after
180 consecutive calendar days, you may receive up to 60% of your regular monthly base
pay. Your disability coverage may continue until age 65, provided you continue to meet
eligibility requirements.)


Personal Finance Deals
Comprehensive auto insurance AND emergency fund?
Added on : Thursday February 13th 2014 07:00:10 PM
g: 0 Posted By: RunToday
Views: 63 Replies: 1 What's the point of paying a risk premium for comprehensive auto insurance if you can afford any repairs with your emergency fund?
Discussion Deals
Cancelled full coverage insurance a 10 am...hit a deer at 6:30 pm.
Added on : Thursday February 13th 2014 04:00:38 PM
g: 0 Posted By: kdbrich
Views: 87 Replies: 3 I recognize I cancelled it before I hit he deer. Its my fault and if I have no way of collecting...so be it. To be honest, its an old beater minivan that really isn't a big deal if its wrecked.

Just curious...anyone know insurance law? Are they required to cover the rest of the day? Do I get coverage until midnight? Or only until I made the fateful phone call?
Personal Finance Deals
New home construction the FWF way
Added on : Thursday February 13th 2014 11:00:08 AM
g: 1 Posted By: adamc
Views: 224 Replies: 1 Hi all,

I am about to embark on the construction of a new home. I want to apply FWF strategies to accomplish two major goals: First, and most obviously, I want to reduce the cost. Second, I want to extract cash out of the process to end up with no net money down.

My GC is willing to run the job until the house is under roof and weather tight and then let me take over as GC. If I get in over my head or have problems with a specific sub, he will help out. He will also allow me to get his discounts with suppliers. The reason for this strategy is two-fold. The lender wants a 1.5 point additional origination fee if I do true owner-builder, and the foundation and framing are aspects of the job that are outside my comfort zone. All of the rest of the jobs are things that I am comfortable either working with the subs or doing myself.

My primary cost savings strategies:

Sweat equity. As described above, I will do a lot of the GC work and a lot of jobs myself.
Shop hard. Take advantage of outlets, sales, rebates, etc. on appliances, cabinets, flooring, etc.
Gift cards for CC rewards and fuel points wherever possible.
Choose energy efficiency features that will reduce the overall cost of ownership (extra insulation, air sealing, etc.)

Extracting Cash Back out of the project is where I need a little more advice. My basic plan is to set up a business entity for the project. No, I don't want to try this. My goal would basically be to loan the money to the business for the down payment, and then have the GC sub completion of the job to my business. The business would then repay me for the loan with the "profit" from my sweat equity. At the end of the project, the business would have no net profit or loss after repayment of the loan.

In order for this to work, the house will have to appraise high enough to keep me below 20% LTV.

Outside of opening a bank account and possibly getting some contractors insurance, what snags does anyone see?

Adam


Personal Finance Deals
Pregnant daughter (minor) delivery not covered under insurance.
Added on : Wednesday February 12th 2014 03:00:21 PM
g: 4 Posted By: CptSavAHo
Views: 305 Replies: 11 Posting this for a coworker.

His daughter is 16 and pregnant. Insurance carrier is Aetna. Aetna has covered all of the prenatal visits. They dropped the bombshell on him that they will not cover the delivery 'unless there are complications' and did not elaborate very much on what qualified as a complication. Apparently somewhere in the insurance is a clause that in the case of a dependent becoming pregnant they do not cover the delivery and the grandchild is not eligible to have care provided under the dependent's plan. Its a big loophole now since ACA extends dependent care to 26 years old.. He didn't expect it and definitely does not want to have to shoulder the $20k+ of hospital bills. Medicare is out, his income is way too high. ACA appears to also be out since she is a minor. Former boyfriend is out for now, but might be on the hook at 18. There's about 3 months left in the pregnancy. Any advice on the best course of action? My advice was to get a midwife and try to deliver at home at significantly lower cost, then if it has a 'complication' to go to the hospital,

The only option we found for getting coverage would be for the daughter to release parental rights, but not clear if this would be effective before or after pregnancy, or how easy it would be to reverse down the road.

Link

Please no jokes, I'm going to refer him to the thread so he can join FWF and get help in his difficult situation.
Question Deals
Car accident, rejection 1, small claims win, rejection 2, ....???
Added on : Wednesday February 12th 2014 01:00:08 PM
g: 0 Posted By: Marlin1975
Views: 229 Replies: 3 ~~Ok thought this was going to take time but not be this mess so here Iam asking for outside opinions on something that happened in 2012.

In late 2012 lets say Bob was driving a 4 door car and sideswiped my car. The car belonged to Bob's girlfriend but he had permission to drive it. He said he was not at fault and tried to fight it. It was obvious he was at fault due to road layout and signs. His insurance company Penn National said they could not decide who was at fault, again it was very obvious.

I filed a complaint with the State Insurance Review. I knew it was a long shot but they said they can't help on deciding fault. So between what they said and Penn Nationals adjuster I sued Bob since he was the driver.

Went to small claims and I had the estimate, insurance rejection letter, and pictures of the road/signs/cars. The judge was very swift in deciding Bob was at fault, again its that obvious. He looked at the estimate and pictures and felt it did not sound obscene or out of line. He found for me for roughly $1600 plus court cost.

Bob said he would send me money himself and I gave him a copy of the official court record showing he was at fault to give to the insurance company. Bob sent $200 which covered the court cost. I never heard from him or the insurance company, this was late 2013 by now. So I gave time for holidays but they came and went with no one sending the payment for repairs.

I then send an e-mail to Penn National to the original adjuster and the general inbox. I gave them a month (over 30days). I do not hear back. I forward the original message back to them again saying this is well past due this time. I receive a message from a 2nd adjuster today. He now gives a 2nd reason for rejecting the claim. He states that their position is that their insured does not have coverage for this matter. I wrote back asking how that was since that never came up and this is a completely different rejection from the first.

That is where I am at now, just received their replay and sent my replay today.

Just in case anyone is wondering Bob is dirt poor. Bob's girlfriend may have some money but I sued him since he was the driver. Bob did have permission to drive the car as I spoke with her as she was trying to make a claim with my insurance, as you can guess they said no.I'm thinking my next course of action is file another clam with the State Insurance board since I now have a valid claim per the courts action. I don't have a copy of the insurance policy of the other driver so not sure if I can get that easily.

So what would you do next that I may be missing?


https://www.creditkarma.com/reviews/auto-insurance/single/id/pen...


Personal Finance Deals
Use FSA to reimburse new ACA reinsurance fee
Added on : Wednesday February 12th 2014 06:00:12 AM
g: 0 Posted By: Gman476
Views: 31 Replies: 0 As many of you may have noticed there is a new $63 per person per year tacked onto your health insurance bills now. This can be quite a bit if you have a spouse and dependents on your plan. If the fee is paid on your behalf by your company it is still treated as income to you (unlike health insurance premiums paid on your behalf by your company). I'm going to attempt to seek reimbursement on a monthly basis for this fee through my Flexible spending account. I researched it briefly and could not find any definitive information. I noted that insurance premiums are prohibited from being reimbursed through an FSA but this is clearly labeled a fee and not an insurance premium (or it would not be treated as taxable income to the recipient).

If anyone else has any insight on this then feel free to share.

Thanks
General Economics Deals
Starting a Curbside Recycling Business: A Journal
Added on : Tuesday February 11th 2014 02:00:15 PM
g: 17 Posted By: behr
Views: 3569 Replies: 46 I wanted to chronicle the steps I took in fleshing out an idea to a business venture. Maybe it could provide entertainment or even education to others.

In advance I apologize for spelling/grammar errors and I'm pretty sure there will be some parts I don't elaborate on correctly because what I'm saying makes sense in my mind but not to someone unfamiliar with the situation.

I live in a rural FL county where curbside trash pickup is weekly, but if you want to recycle you have to take it to the county facilities, which are nothing more than three dumpsters in front of the city yard. I purchased several 32 gallon trashcans to keep my plastics and cardboard and whenever they are full I take them to the county facilities, rinse and repeat.

Full time job is insurance sales, specifically health. After March 31st open enrollment for Obamacare closes, my work position may shift to part-time, and I would like to find additional income streams.

12/26/13 -. Driving to work, while leaving my subdivision I notice hundreds of cardboard boxes out for the trash man and it makes me sad (140 houses in subdivision, each house has 5 or 6 boxes). Spend the 50 minute commute to work wondering if I could build a business out of curbside recycling.

12/26/13-01/26/14: Have been doing a lot of daydreaming about a part time curbside recycling pickup business, but it has gone nowhere. I am horrible about starting what my wife calls 'two week projects', just what they sound like. Get super into something, drop some cash or time in it, and nothing productive comes from it. (learning to play piano so bought electric keyboard, learning to play guitar so bought guitar, was talking about camping so bought sleeping bags {never used}, MANY more examples). I think this may be a two week project in the making so am leery of doing anything with it past daydreaming.

01/26/14-01/31/14: Decide to take a plunge and start figuring out what I would need to make this thing a reality. Set up a gmail account with the business name as well as a paypal account, vista print account, and facebook page. I start doing google searches to figure out the providers of recycling bins. Look up state and county rules.

01/31/14 - Present: Apply for and am approved for a business American Express, because one of the things I have learned from my research so far is that business spending from a personal account is a big no-no. Apparently 'piercing the corporate veil' can be done easier if you as an individual and the company spend from the same account. I get an AMEX first because all the business checking and savings accounts I have looked into require paperwork from the state showing the status of my registered LLC, which I do not yet have.

Complete and mail paperwork for the state. Very simple, two pages and a check for $130 (from personal account, no other way to pay it). ($125 file fee and $5 for a copy of the aforementioned status letter)

Develop a 7 question survey on survey monkey (free account currently) to gauge interest in a curbside recycling program.

Complete a sample postcard on VistaPrint. I will use the postcard to direct folks to 4 different ways to take the survey (direct to survey monkey, link on facebook to survey monkey, email for electronic copy, or mail to a po box for a hard copy.) I find a coupon code on FW for $5 off an order so the $3 sample order of postcards is free.

Receive sample postcards. Review them and change some wording, currently they look good.

Signed up for a PO Box, since at this point I would rather direct mail to that instead of home address. I know it would be very easy to find the real address from searching by the LLC name but only if folks take that step. 3 months costs $26.

Next two weeks: Upgrade survey monkey account. Currently only 100 responses are allowed on the free version. Upgrading for one month will cost $24 but will allow unlimited responses for my survey.

Order 500 postcards from VistaPrint (mentioned above) and distribute to selected neighborhoods (437 houses currently. one is 140 households, one is 130, there are several groupings of 10-12 duplexes, and several straight dead end streets that would be ideal for collection).

Purchase $50 WalMart Gift Card (this will be mentioned on the survey as a prize for one participant).

Run the survey for several weeks and then cancel the survey monkey. At this point I will decide whether or not the business is viable and move on from there.

FUTURE: What would collection look like? What would I collect with? How many bins would I order? What would pricing look like? Would I make any money? These and many more questions are completely unanswered, but for me currently there is a lot that would be spinning my wheels worrying about until I get a solid response from the survey. I am hoping for 20% response which would give me about 100 answers. No idea if that is realistic response rate or not.

Again I apologize for the fragmented and possibly incoherent setup of this post, but just thought it would be good to get this stuff down. Maybe I will make some mistakes people can learn from, and maybe I can give a little inspiration to someone on the site I am so often inspired by (but more often than not just waste my money on).

UPDATE as of 2/11/14: Got a domain that had free email so replace all mentions of the gmail account (facebook page, the survey, etc) with the new domain name branded emails.

Ordered the final surveys (again, 500 postcards to be distributed door to door [most likely IN peoples' door]).

Current expenses up to $242.46. (includes state LLC filing fee, postcards, an address stamp in case alot of folks want paper surveys, 1yr webhosting, and 3 months PO BOX rental)

Once the surveys arrive I will distribute them and wait several weeks for my 2 responses to pour in
Discussion Deals
Should I discontinue/downgrade life insurance
Added on : Tuesday February 11th 2014 02:00:14 PM
g: 0 Posted By: ecotesty
Views: 170 Replies: 5 I am7 years into a 20y termlife for $2M,I am 46, and payingabout 2k for this coverage. Iwas self-employed, with 2 young (8y & 13y now) kids, was building my asset base when I bought this first. Both of us work, have saved deligently, with all assets (401k+savings)-liabilities is about equivalent to $2M,=the payout if I were to die now.Recently accepted a fulltime position with a company paid termlife of $300k, I know insurance is front loaded to compensate for aging, so insurance company wins if I bail out now, but bigger question is, should I still hold onto the outside termlifewhen my asset base + company paid will cover any eventuality. Or should I keep this till kids move out ? Thanks for your advice.
Personal Finance Deals
Wait to get in better shape for term life insurance?
Added on : Tuesday February 11th 2014 02:00:13 PM
g: 0 Posted By: yorkie345
Views: 1 Replies: 0 My son is 27 years old and married expecting his first child in 6 months. He used to be in great shape throughout college but has slacked the last few years. He asked me today about getting term life insurance, which I told him is a must, and he inquired about getting a better rate if he was in better shape. When he puts his mind to something he has no problem achieving it. He's about 6' tall and 205 lb with some muscle but wants to drop 20 pounds of fat in the next 6 months before the baby comes. Would he get a much better rate for himself if he was healthier? What factors play into your rate besides age? His wife is very active and I could imagine her getting back to her prebaby weight in no time with nursing and knowing her very well.
Credit union violating laws in regards to credit life insurance
Added on : Tuesday February 11th 2014 09:00:22 AM
g: 0 Posted By: superdrew
Views: 157 Replies: 1 My wife went to get a loan yesterday on a vehicle, and had everything all approved and set. However when signing, they presented her with a life insurance option that they said was required (after the hard sell on gap, disability etc) She told them nicely to shove their loan paperwork up their ass, and left as they refused to give her a loan without the life insurance. I contacted a branch manager today, whom said the same thing, and I asked for it in writing, as I was quite sure that it was against the law. She then transferred me to someone else who said that it is not required, but couldn't explain to me why my wife was told that it was, and why they wouldn't issue the loan without it.

We have other options, so I don't really care about getting the loan from them, however the fact that they do this to less financially educated people is infuriating to me. I want to do something to change their practice.

I've contacted and filed a complaint with the NCUA, and my state insurance commission, but considering this is a medium sized credit union with thousands of members that they have pulled this crap on, I'm wondering if finding a class action attorney might be in order, and if so, how would I go about finding the best one in Michigan.
Personal Finance Deals
g: 0 Posted By: Gauss44
Views: 6 Replies: 0 I had an acquaintance a while back who said that she had to file bankruptcy after having a dental emergency and no dental insurance. I'm truly puzzled by this because my research indicates that Delta Dental's high individual plan (which anyone can purchase, regardless of employer) costs about $600 a year for a maximum of only $1000 of coverage. Based on those numbers, "Why would anyone bother purchasing dental insurance?," I wonder.

In the meantime, I definitely need to see the dentist myself and currently have no dental insurance myself. I could easily purchase insurance but don't see the point. (Do you?) In addition to dental maintenance like cleanings, I may have trouble ahead given that my front teeth have minor cracks near the ends and one of them is getting a white spot on it. I'm truly puzzled as to whether or not I am overlooking a substantial reason to get dental insurance?.. As far as I can tell, I should just pay out of pocket and forget insurance. ("Pay $600 for the possibility of saving $400" doesn't make sense to me.)

Do you all have dental insurance? Why? Why not? Is there a better alternative to dental insurance?
Discussion Deals
Advice Requested: Structuring Car Insurance in the Family
Added on : Monday February 10th 2014 06:00:16 AM
g: 0 Posted By: EricGo07
Views: 47 Replies: 1 Hi all,

I am seeking help in how to arrange car insurance within my family with a car that has both personal and business use.

Background:I live in NM, but will work in OR about 7 days a month. I want to leave a car I currently own in OR for that reason, although for other reasons too as detailed below. The car's business use will be reported to my self-owned business for tax purposes.
My daughter is a student in OR, set to graduate in May. Shewill take a job there as of ~ June. I presume that means she will becomean OR resident. In 2013 she was part of my 1040 tax return, and I claimed her as a dependent. I am unsure if her status will change in 2014.
I want to give her use of the car in the weeks I am not in OR, but I do not want her on my car insurance policy.

I am happy to sign the car title over to my daughter, but I presume that would interfere with my business expense.

Perhaps she can take title, but lease me the car periodically ? How would car insurance be handled ?

Thanks!
Personal Finance Deals
Employer refusing to give COBRA forms
Added on : Saturday February 08th 2014 06:00:12 PM
g: 0 Posted By: fasttimes
Views: 140 Replies: 2 A friend of mine recently got laid off. They told him they are downsizing but he thinks its due to his physical problems that are making travel difficult for him. They laid him off late Jan, and his doctor told him in early Feb his insurance was cancelled.

His former employer (who also doesn't seem to want to honor his contract and pay his severance) told him they won't give him the COBRA information until he signs some paperwork, which we assume is a general release of some sort.

Regardless of the first issues (possible ADA violation and breach of contract) the COBRA issue is unbelievable. He will probably have to lawyer up, but I wanted to ask if there might be a plausible reason for not giving him the COBRA forms.

Man I'm pissed.

Discussion Deals
Starting an LLC: A Journal
Added on : Saturday February 08th 2014 04:00:05 PM
g: 0 Posted By: behr
Views: 7 Replies: 1 I wanted to chronicle the steps I took in fleshing out an idea to a business venture. Maybe it could provide entertainment or even education to others.

In advance I apologize for spelling/grammar errors and I'm pretty sure there will be some parts I don't elaborate on correctly because what I'm saying makes sense in my mind but not to someone unfamiliar with the situation.

I live in a rural FL county where curbside trash pickup is weekly, but if you want to recycle you have to take it to the county facilities, which are nothing more than three dumpsters in front of the city yard. I purchased several 32 gallon trashcans to keep my plastics and cardboard and whenever they are full I take them to the county facilities, rinse and repeat.

Full time job is insurance sales, specifically health. After March 31st open enrollment for Obamacare closes, my work position may shift to part-time, and I would like to find additional income streams.

12/26/13 -. Driving to work, while leaving my subdivision I notice hundreds of cardboard boxes out for the trash man and it makes me sad (140 houses in subdivision, each house has 5 or 6 boxes). Spend the 50 minute commute to work wondering if I could build a business out of curbside recycling.

12/26/13-01/26/14: Have been doing a lot of daydreaming about a part time curbside recycling pickup business, but it has gone nowhere. I am horrible about starting what my wife calls 'two week projects', just what they sound like. Get super into something, drop some cash or time in it, and nothing productive comes from it. (learning to play piano so bought electric keyboard, learning to play guitar so bought guitar, was talking about camping so bought sleeping bags {never used}, MANY more examples). I think this may be a two week project in the making so am leery of doing anything with it past daydreaming.

01/26/14-01/31/14: Decide to take a plunge and start figuring out what I would need to make this thing a reality. Set up a gmail account with the business name as well as a paypal account, vista print account, and facebook page. I start doing google searches to figure out the providers of recycling bins. Look up state and county rules.

01/31/14 - Present: Apply for and am approved for a business American Express, because one of the things I have learned from my research so far is that business spending from a personal account is a big no-no. Apparently 'piercing the corporate veil' can be done easier if you as an individual and the company spend from the same account. I get an AMEX first because all the business checking and savings accounts I have looked into require paperwork from the state showing the status of my registered LLC, which I do not yet have.

Complete and mail paperwork for the state. Very simple, two pages and a check for $130 (from personal account, no other way to pay it). ($125 file fee and $5 for a copy of the aforementioned status letter)

Develop a 7 question survey on survey monkey (free account currently) to gauge interest in a curbside recycling program.

Complete a sample postcard on VistaPrint. I will use the postcard to direct folks to 4 different ways to take the survey (direct to survey monkey, link on facebook to survey monkey, email for electronic copy, or mail to a po box for a hard copy.) I find a coupon code on FW for $5 off an order so the $3 sample order of postcards is free.

Receive sample postcards. Review them and change some wording, currently they look good.

Signed up for a PO Box, since at this point I would rather direct mail to that instead of home address. I know it would be very easy to find the real address from searching by the LLC name but only if folks take that step. 3 months costs $26.

Next two weeks: Upgrade survey monkey account. Currently only 100 responses are allowed on the free version. Upgrading for one month will cost $24 but will allow unlimited responses for my survey.

Order 500 postcards from VistaPrint (mentioned above) and distribute to selected neighborhoods (437 houses currently. one is 140 households, one is 130, there are several groupings of 10-12 duplexes, and several straight dead end streets that would be ideal for collection).

Purchase $50 WalMart Gift Card (this will be mentioned on the survey as a prize for one participant).

Run the survey for several weeks and then cancel the survey monkey. At this point I will decide whether or not the business is viable and move on from there.

FUTURE: What would collection look like? What would I collect with? How many bins would I order? What would pricing look like? Would I make any money? These and many more questions are completely unanswered, but for me currently there is a lot that would be spinning my wheels worrying about until I get a solid response from the survey. I am hoping for 20% response which would give me about 100 answers. No idea if that is realistic response rate or not.

Again I apologize for the fragmented and possibly incoherent setup of this post, but just thought it would be good to get this stuff down. Maybe I will make some mistakes people can learn from, and maybe I can give a little inspiration to someone on the site I am so often inspired by (but more often than not just waste my money on).
Discussion Deals
My parked car got destroyed.
Added on : Friday February 07th 2014 03:00:20 PM
g: 1 Posted By: freebirdy
Views: 91 Replies: 1 Came home to see my 2013 Accord dragged from its parking spot by a truck. It probably happened few minutes before I arrived, honestly I have no idea how the truck pulled my car from its parking spot.

What I need to pay attention to? Anything important that I may have missed?

Here are the details:

The car is financed by honda financial, insured by Geico with $500 deductible. I have gap insurance. I bought the car in Jun'13.

The truck is rental, the cop came and said that he will put "RENTAL" in the insurance box. He wrote down the truck's driver license info. I'll have a police report on Monday (and I need to pay $10 for it).
The cop called a tow away company and they took the car to their shop. Most likely my car is totaled, the truck was stuck and they caused a lot more damage when the cop directed the truck's driverto pull away from my car.

Pictures: http://imgur.com/a/FAG56

Discussion Deals
Repair or Total Car
Added on : Thursday February 06th 2014 03:00:09 PM
g: 1 Posted By: catbrf
Views: 87 Replies: 2 I am trying to figure out the best case scenario for a car insurance claim I filed today.

I live in SoCal and was driving down the 5 fwy when my 2012 Toyota Prius struck a piece of metal that looked like a trailer hitch in the middle of the lane. I was driving about 65 mph and was not able to avoid the object due to being boxed in by 2 cars next to me. It got dragged a few hundred feet before I was able to safely pull over on the shoulder to maneuver the object from underneath my car. I noticed sparks when it hit and oil dripping afterwards. I exited the freeway and drove to the nearest Toyota dealership repair shop. I figured with my Toyota maintenance package that if it was just an oil pan that was damaged it would be covered, but found out if you hit something it is not. They lifted the car and my engine/cross member sub-frame, side rail reinforcements, engine under cover, oil pan, front exhaust pipe and heatshield were all bent or damaged. The total estimate including parts/labor/tax is $7,000. I have insurance through Geico with a $500 collision deductible. I have been in contact with the adjuster who already saw my vehicle this afternoon and was offering that I pay only $250 to repair all the damage mentioned above, however he noticed a gash on my engine block that may or may not mean anything and I would forgo repairing that, which could run in the thousands thus 'totaling' the car. Or I can pay $500 deductible to have the repairs done and wait and see what the dealership says about the engine block, maybe its totaled, maybe not. I am not in the best financial shape right now and think having my car totaled is a better deal, here's why.
Car including maintenance package($1,295)/tax/license/fees costs me $30,000, I still owe $19,000, the adjuster did a rough calculation and said I would be paid out $23,500. So $30,000 - $23,5000 = $6,500 for 2 years of driving Prius. Since I still owe $19,000 and the payout is $23,500, that's a $4,500 gain. Then $6,500 - $4,500 = $2000 for 2 years of driving Prius (even better!).

A few questions:
1. How much will my policy premium go up after I file the $250 claim? $500 claim (engine block replacement/car total)?
2. What risk is 'gash in the engine block' from becoming a problem in the future if I just accept the $250 deductible?
3. Can I negotiate the maintenance package that's worth $1,295 in the total payout? I was told when I purchased it that it gets transferred with the vehicle? How about window tinting?

Also, there are paint scratches and a loose cap on the right side of the front bumper, the adjuster said if they repair it they would charge a 'betterment fee' because they feel it was already there and not part of the accident. Is there a way to get all of it paid for, it may or may not have been damaged during the accident.

Any experiences with these issues or advice is appreciated.
Personal Finance Deals
Looking for new vehicle......
Added on : Thursday February 06th 2014 10:00:18 AM
g: 0 Posted By: ZDog377
Views: 70 Replies: 2 My wife is soon to get an insurance settlement from an accident that she was in January of last year. We will have about $10,000 to purchase a vehicle with once it is all said and done. I'm looking for suggestions on what to get since we haven't purchased a car in a while.
Requirements:

- 3rd row seating (we will have 3 kids soon and one of the current kids is still in a car seat)
- Can pull a small trailer (4x8 size, just drywall and small stuff from Lowe's)
- Easy to repair. I do most things myself such as brakes and oil changes. I just don't want something that's known to need $5,000 of repairs at 100K miles.

We've looked at mini-vans and don't know which ones are good and which ones are not. There are lots of Chryslers out there, but not many Hondas and Kias.

Thank you in advance for the help.......
Buying a house with un-permitted additions
Added on : Wednesday February 05th 2014 05:00:17 AM
g: 0 Posted By: dk240t
Views: 77 Replies: 3 I was about to put in an offer to buy a house that has a finished basement that was done without electral/plumbing permits. The remodel was done over 10 years ago. Going by the property record and what the current home features are, there may be other remodels done without permit (bathroom number inconsistent, even ignoring the basement).

What is your experience buying a house with remodels/finishing done that should have been permitted/inspected, but was not. Issues closing? Issues with insurance not covering things? Recommended way to resolve (ignore, get inspected, etc.)?

The state is Georgia.

YANML. I am contacting a lawyer to discuss the details, liability, resolution, etc., especially considering all real estate issues are local. Anything you think I should specifically bring up with the attorney? Anyways, I am seeking professional help, but want to survey if FWF has useful experience.
Real Estate Deals
Seeking cheaper car insurance in CA (or is what I have good?)
Added on : Monday February 03rd 2014 08:00:16 AM
g: 0 Posted By: SFcapitalist
Views: 76 Replies: 2 I am with progressive and I have 2 paid off cars. One is a 2008 and the other is a 2002. I average about 12000 miles per year between both cars.

I received a renewal bill and the 6 month cost is $390 (about $67 a month). I have the most basic liability coverage (state minimum). I have an excellent driving record and I'm hoping to lower this premium cost. Anyone know what a good competitive rate would be in CA?
General Economics Deals
g: 0 Posted By: doctorofcredit
Views: 116 Replies: 4 Application link

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FlexPerks Select Rewards and FlexPerks Business Select Rewards Visa Card cardmembers do not qualify for the Sochi Olympic Bonus FlexPoints, nor do employees who are on the Business Owners FlexPerks Business Travel Rewards Account. The amount of the bonus will be determined based upon the results of the 2014 Sochi Olympics. For every Olympic event in which the United States Olympic Team wins a medal, bonus FlexPoints will be awarded (Gold = 500 Bonus FlexPoints, Silver = 250 Bonus FlexPoints, Bronze = 100 Bonus FlexPoints). The official medal count is available atwww.teamusa.org. The Sochi Olympic Bonus FlexPoints are in addition to the one-time enrollment bonus FlexPoints and are not contingent on meeting a spend threshold. Please allow 6-8 weeks after the promotion ends on March 31, 2014, for Sochi Olympic Bonus FlexPoints to be credited to your FlexPoints account. If any part or all of the 2014 Sochi Olympics is unable to take place as planned for any reason, the amount of the bonus will be based upon the results of the 2014 Sochi Olympics that takes place as planned, or if the 2014 Sochi Olympics does not take place as planned, no bonus will be awarded.Return to Text2Subject to credit approval. One-time 20,000 enrollment bonus FlexPoints will be awarded when you are approved for a new FlexPerks Travel Rewards Visa Signature Card or FlexPerks Business Travel Rewards Visa Card and Net Purchases (purchases minus returns and adjustments; cash advances or other account advances do not qualify) totaling $3,500 or more post to your account within four months of account opening. Applicants for the FlexPerks Travel Rewards Visa Signature Card who only qualify for and receive a FlexPerks Select Rewards Visa Card will be awarded 10,000 enrollment bonus FlexPoints after Net Purchases totaling $1,000 or more post to your account within four months of account opening. Enrollment bonus FlexPoints for the FlexPerks Business Travel Card will only be awarded to the business account owner and not to employees. Please allow 6-8 weeks for your enrollment bonus FlexPoints to be credited to your FlexPerks account. Existing and previous FlexPerks Travel and Select Rewards accounts do not qualify for bonus FlexPoints.Return to Text3U.S. Bank will credit your FlexPerks Travel Rewards Visa Signature account with FlexPoints as follows. Yearly award level: For net purchases (purchases minus credits and returns) less than or equal to $120,000, earn one FlexPoint for every $1. If during the calendar year net purchases exceed $120,000, all FlexPoints for the remainder of the calendar year are earned at a rate of one FlexPoint for every $2. Exemption: FlexPerks Travel Rewards Visa Signature AutoPay Cardmembers who select the full payment option on the first available payment date after their statement date. FlexPerks Select Rewards Visa cardmembers will earn one FlexPoint for every $2. FlexPoints will be awarded as long as your account is open and not 5 days or more past due at the close of your Visa billing period. We will not award FlexPoints for advances, convenience checks, balance transfers, interest charges and fees, credit insurance charges, or transactions to fund certain prepaid card products. We reserve the right to adjust the number of FlexPoints for purchases or to stop issuing FlexPoints for purchases on the account, upon notice to you. Refer to the FlexPerks Travel Rewards Visa Signature and FlexPerks Business Travel Rewards Cardmember Agreements for full details.Return to Text4FlexPerks Travel Rewards Visa Signature cardmembers may earn additional FlexPerks for purchases at merchant locations in one of the following consumer card categories: airline, gas or grocery (each, a category); and FlexPerks Business Travel Rewards Visa cardmembers may earn additional FlexPerks for purchases at merchant locations in one of the following business card categories: airline, gas or office supplies (each, a category). Cardmembers will earn FlexPoints at a rate of two FlexPoints for every $1 in the one category in any given monthly billing cycle that has the highest total of net purchases charged to the account (the highest category). In addition, FlexPerks Travel Rewards Visa Signature cardmembers will be awarded FlexPoints at the rate of two FlexPoints for every $1 in net purchases during the current months billing cycle for any merchant location that classifies itself as having telecommunication services/products. In all cases, U.S. Bank does not have the ability to control how a merchant chooses to classify their business and therefore reserves the right to determine which purchases qualify for additional FlexPoints.Return to Text5FlexPerks Travel Rewards Visa Signature and FlexPerks Business Travel Rewards Visa cardmembers will earn FlexPoints at a rate of three (3) FlexPoints per every $1 in Net Purchases and FlexPerks Select Rewards Visa cardmembers will earn FlexPoints at a rate of 1.5 FlexPoints per every $1 in Net Purchases during the current months billing cycle for any merchant location that classifies itself as a Charitable and Social Service Organization. U.S Bank does not have the ability to control how a merchant chooses to classify their business and therefore reserves the right to determine which purchases qualify for additional FlexPoints. Bonus FlexPoints will be awarded within 60 days of donation.Use of the FlexPerks Travel Rewards Visa Signature Card and FlexPerks Business Travel Rewards Visa Card is subject to the terms and conditions of the FlexPerks Travel Rewards Visa Signature and FlexPerks Business Travel Rewards Cardmember Agreements, which may be amended from time to time. This offer may not be combined with any other bonus offer. See complete credit card terms and conditions online at flexperks.com.
Deal Deals
Car Accident Law suit?
Added on : Sunday February 02nd 2014 01:00:04 PM
g: 0 Posted By: AMV75
Views: 4 Replies: 0 My wife was in a accident a week ago, she was traveling home from work on the expressway and was rear ended, she was behind a salt truck moving at 45 mph, the car that struck her was moving at 60 mph, she spun out of control hitting the side rails several times, our 2013 Kia was a complete loss. payoff amount $13,500. The cops came on seen and sighted the other driver 100% in fault of the accident. I took my wife to the emergency room where she had a M.R.I. and x-rays. She suffers from severe whip lash and bruising from the airbag impact. Her doctor took her off work for at-least 3 weeks and recommended physical therapy. Her 1st day of therapy will be on Monday. She earns a salary of $80,000 annually. I contacted an attorney and he really wants the case, but they take 33% and I would like to get a settlement without the use of an attorney... according to my research this is what attorneys do....

Obtain and review the Accident Report
Speak to the investigating officer
Locate witnesses
Obtain photographs of the vehicles involved
Review your medical records
Speak to your doctor
Review your medical bills
Communication with the insurance company
Review potential lost wages
Review the at-fault drivers driving record
Review the at-fault drivers criminal record
Negotiate a settlement
File a lawsuit only if necessary

and in the state of Ohio where the accident happened these are the different things we can go after money for.....I am reaching out to anyone who wants to offer an opinion on how much I should ask for or accept from the insurance company (Progressive) in total for all of these items, I have included estimated cost for what I know so far..

Medical treatment expenses ($5,000)
Income loss from missing work ($6,000 and counting)
Pain and suffering (????)
Emotional distress (????, she is terrified to drive in snowy weather)
Loss of enjoyment (????,she will not be able to see her son wrestle in at-least 3 big tournaments,)
Property loss ($13,500)
Punitive damages (????)

thanks in advance, and ask any questions you need to help me figure this out.


Personal Finance Deals
Property Damage Claim - Auto Wreck
Added on : Friday January 31st 2014 03:00:04 PM
g: 0 Posted By: rsimply
Views: 3 Replies: 0 State Trooper stopped by the house today to inform me that a lady crashed her caron my property and took out a mature Crate Myrtle. Wondering if its worth pursuing her insurance for replacement value of the tree. If so can anyone provide an guestimate of replacement value of a 15+ year old Crape Myrtle? As far as I could tell there was no other damage done.

For your enjoyment I am including footage from the security camera. I tried uploading it directly to fatwallet but I guess fatwallet doesn't support video attachements instead I uploaded it to youtube.
Car taking out Tree
New User Question Deals
Cord Blood Storage Services/Finance
Added on : Thursday January 30th 2014 07:00:08 AM
g: 0 Posted By: thepunkrat
Views: 94 Replies: 3 Hi Everyone,

I am having my first baby this year have been fortunate enough to have one during the time where stem cells exist in normal procedures where it can cure current incurable diseases such as Alzheimer, arthritis, and birth defects such as autism or Sickle cells and even certain cancers.

With this in mind, it is almost a given now to save the umbilical cord and its blood for insurance for my baby's future.
I called my insurance company High Mark Blue Shield and they told me that they do not know if the procedure to extract and process the cord blood and that it may or may not be eligible for preventive care. They did however mention that CordCell is partnered with them and have a discount of $350 if I have High Mark.

Then I looked into an FSA or HSA account and the guidelines were specific in which it is only reimbursable if the cord blood or the cord tissue is going to be used for a known disease or treatment in the future. I don't know how anyone would know unless the baby was tested before being born. And tests before being born as I was told is very risky to the baby.


My question is, out of your own experience, who did you ultimately go with, are you happy with their services and what were your methods of financing this?

Any information is much appreciated.
General Economics Deals
Neighbor's leak has caused property damage - difficulty getting resolution
Added on : Wednesday January 29th 2014 09:00:10 AM
g: 0 Posted By: udonoogen
Views: 133 Replies: 1 Hello Fatwallet!

I thought I might be able to get some advice on how to resolve this issue - which has been a lot more difficult to do than I originally thought.

The Story:
- I have a detached garage in my townhome complex. Above my detached garage, there is another unit owned by another neighbor, who rents it out via a property management company. His porch is directly above a portion of the garage.
- I live in Southern California. It's usually sunny but occasionally it really pours here.
- In Spring-ish 2013, it rained pretty heavily and caused the drywall in my built-in cabinets to collapse. Water damage turned into mold.
- I began the process of contacting the HOA, which in turn contacted the other owner. No response. It's not a big deal, since it's my detached garage, so it fell through the cracks with other life priorities (e.g. new baby).
- It rained again in September/October last year and water was draining out of my cabinet again. I contacted the owner's property management company and they sent out a contractor to do an estimate. I contacted them persistently since then and they gave me various excuses. They finally told me a couple weeks ago that the owner had postponed the repair due to lack of funds.
- I contacted my insurance agent and she said my homeowner's couldn't do much because they can't repair the source of the leak. The HOA claims they are only responsible for the roof (not the porch).
- I filed a Better Business Bureau complaint against the property management company yesterday and emailed their customer service, copying my HOA representative. Short of that, I'm running out of options to get this fixed (short of paying for his porch repair, myself).

Do y'all have any suggestions? I have a group legal plan through work but I understand I'll still have to pay for a portion of the attorney's fees. If I go to small claims court, do I get my attorney's fees back? If I call my homeowner's insurance (Mercury), would they fight for this on my behalf, since it is causing damage to my property? I am concerned about the black mold and (later on) resale value of this townhome when our family decides to move.

Thanks in advance!
Real Estate Deals
$7 In SYWR Points if you get an insurance quote From Liberty Mutual
Added on : Wednesday January 29th 2014 05:00:12 AM
g: 0 Posted By: remick
Views: 111 Replies: 1 http://welcome.libertymutual.com/shopyourway/
Surveys & Rewards Deals
FWF, Convince me not to be a part-time Uber driver
Added on : Tuesday January 28th 2014 01:00:12 PM
g: 0 Posted By: jd2010
Views: 133 Replies: 3 Alright, I figured this at the very least would get some lolz out of FWF, if not some good advice and start a conversation.
I am in a position currently with my job where I have some down time and am looking for easy and flexible ways to get out of the house and make some extra income. Ihave started researchingbeing an Uber driver part-time.

There are still a lot of things I need to flesh out, which is where FWF comes in... here is some info about my current situation:
The man: Works from home with significant flexibility re: when/how I get my job done.
The car: 2012 Sonata under warranty for another 3 years or 40k miles. Would get combined roughly 30 MPG. KBB is about 19k, paid for. I drive ~5k mi/year as it is, so I'd probably have about 25k free miles to burn over the next 3 years and still be under warranty.
The unknown:
Taxes (I have never itemized, so if I use enough gas to be able to in the next year, how would that potentially work out as far as deducting as biz expense, how about car depreciation?)
Insurance (Need to check with insurance co re: if I need additional coverage or if what I would be doing would be against their T&C)
Compensation (I have heard Uber's commission on rides is around 5-15%, depending, and that rates are somewhere around $1.50/minute, but that's all I know
Demand (I have no idea if I'd even get enough fares to keep me busy or make it worth doing. I live in a spread out city, but there are some hotspot areas where a service like this I assume would be in demand)
??? (This is where the FWF gurus will chime in with crap I haven't even thought of)


What am I neglecting to consider, is this a stupid plan? Are there better/easier ways to spend my time?


Personal Finance Deals
Requiring Tentant of a Store to get Insurance? (Landlord Question)
Added on : Tuesday January 28th 2014 09:00:12 AM
g: 0 Posted By: elptrainerny
Views: 88 Replies: 1 Investing in a storefront, which I plan to rent out. Do any other landlords have language requiring the tenant to get insurance and how is it phrased?
I was thinking of something like:

=10.0ptLessor shall maintain on the Lease Property adequate all risks Insurance Coverage including Public Liability Insurance. Landlord shall be a named insured. Tentant is responsible for keeping immediate area in front of store/entrances clear of debris/snow/ice/hazards and notifying landlord for conditions in need of repair.
Personal Finance Deals
g: 2 Posted By: jaytrader
Views: 234 Replies: 14 I'll be the first to admit that this is not directly related to finance, but rather indirectly. I just got hit by a potentially huge issue last night, after connecting some dots.

See facts below.

Fiancee's father opened LLC in her name in 2004 (she was/is the sole member) because the father is in a union and cannot have his own company (to bill out side jobs) doing the same line of work he performs in his union.
Fiancee and I are getting married toward the end of this year (2014). Fiancee's father recently contacted her to help him write up an invoice for a decently high valueside job.
I dug a bit deeper and realized no income has ever been reported on behalf of the LLC, nor has any of her tax returns shown business income. It is unknown if he's ever utilized the company for billing purposes before recently.
Her father claims he "gets a W2 from [his] clients and puts it on [his] tax return." Anyone with half a brain knows this is impossible (he's not a member of the LLC), not economical for the client(s) (1099 vs W2), and would prove that he's doing side work to his union if he were ever "audited" by the union.
I looked online last night, and the state government site says the LLC is "ACTIVE" and she is listed as the DOS Process contactand Registered Agent.
In my opinion, the fact that there is now an invoice with the LLC name on it shows that there was work done by the company and poses an insurance liability.
Based on what I know about her father, the company has no insurance at all.


I know damn well that I'm not paying taxes on revenue that I didn't see/create. Not to mention, there is possible tax evasion/fraud that has happened in the past (whether intentional or not, doesn't matter). Also, there is now a potentially huge risk/liability, should any of the work her father (or his laborers) performed become faulty or fail and cause injury or death.


Questions

What do I do? I want to protect myself (meaning, want her off the company before we're married) as well as her ASAP.
Is thererisk regarding the work failing and causing injury or death, or am I incorrect? If so, who's at risk? The company or her father directly?
Is there past tax evasion/fraud risk? She had no knowledge about his use of the company up until the last week. She knew she was once on the company, but was told last year that her father "thinks she's no longer involved."
Am I paranoid? I know people do this type of thing often, but involving your kids for ten years and then billing on behalf of the child's company (legally/technically) is shady (IMO, of course).


I am prepared to dissolve the LLC and let her father be butt hurt over it, if I have to. The alternative is to push off the wedding until this is resolved. I told my fiancee that I'm not going to willingly marry her when she's part of this. I know she would never do something like this intentionally, and she told me that she didn't know any better when she signed the paper work in 2004. However, she now knows, and I told her this could potentially be a huge issue for her and her father, should anyone get audited or his clients get audited.

Thanks in advance.

Personal Finance Deals
Income going up SIX fold - changes to expect?
Added on : Tuesday January 28th 2014 07:00:08 AM
g: -1 Posted By: ChelseaMD
Views: 221 Replies: 5 Hi guys,

I made a new username for this topic - I have been a member here for a while, but wanted to have a different username as my old one is tied to many accounts that could make my identity known, which for some reason, I would like to keep private for this topic.

I am currently a chief resident in a surgical sub-specialty at a terrific institution. While residency comes with great training, the pay is less than stellar. My average for the last five years was about 50k a year. I have had the benefit of being married to an attorney who makes a nice amount of income, about double my salary for the last two years. So we have not, by any means, had any complaints of living under poor circumstances and are very grateful to be in our position.

Through my 5 years of residency, I maxed out my Roth IRA each year, and my wife contributed the max to her TSP to have any equal match by her employer. Our retirement is on track with what we wanted to do, especially since after this year, we will not be able to give to a Roth any more. She was blessed to come out of college and law school with ZERO debt and no student loans. I came out of college with no debt, but have roughly 120k of medical school loans to pay back still. About half are locked into a 3.5-4% rate while the rest are at 6.3%.

We have rented the last 3 years (in a big city) and have a car that is fully paid. No credit card debt at all, all bills paid for 100% every month.

I just signed a contract with a private employer to start next year back near our hometown. The starting salary is roughly 6x what I made in residency with a bonus structure that takes it even beyond that. I was lucky enough to be offered a partnership position from day 1, with no associate years/trial years to decrease my flow of income if I work hard. Basically it is an assured salary with a bonus structure that pays me 100% for every cent I make over my salary floor. It also came with a signing bonus worth about 1/2 of my yearly resident salary and moving expenses to get us moved in to our new location with no cost to us. A true sweetheart deal that I cannot be more thankful for.

Now, my wife will have to leave her job, with no way to transfer as there is no government branch there to transfer to. The cost of living will be lower, so we have that to look forward to as well.

But now comes the great unknown, and I am unsure about a lot of things - I am 30, she is 29. We currently have no children, but plan on having them in the next year or two. We want to buy a place - either a condo or house close to the beach I will be working on. We will need new cars, new health insurance, new retirement planning, new child planning, etc. I assume a lot of our benefits will be done through my employer as I have started to look through it.

However, I ask the awesome FW community - what should I expect? Besides higher taxes, what should I do now that my net worth, etc is worth more than it ever has - and by a long margin. Are there important things I must do now? A will? Life insurance? All these things I am trying to learn about, but I cant seem to shake the fact that I am forgetting many things.

I thank you all ahead of time for whatever advice you can give.
Personal Finance Deals
g: 0 Posted By: idfubar
Views: 128 Replies: 2 RingPlus (Sprint MVNO) has announced a new "free" (ad-supported) plan for 2014 which will be available on 2/10 @ 8AM PST:

100 domestic minutes
30 domestic & international SMS
10 MB of data

Note that the terms of the free plan are strict (my 2013 plan was reclaimed without warning for insufficient use), different from the 2013 plan (people who have the 2013 plan have a different allotment and terms by which to abide), and that the plans are subject to change (increased allocation of resources and/or changes to terms and conditions); also, you can now add funds to your account to purchase something like insurance ("Free Card") - the $4.50 spent will keep your account from being yanked like mine was for one billing cycle (violations of the minimum use policy only).

PS: The thread for the "2013 Free" plan is posted at:

http://www.fullofdeals.com/forums/expired-deals/1294344/

PPS: The thread for the $1.99 plan which was announced around the same time (and some links to two older FW threads with details of inexpensive plans) is at:

http://www.fullofdeals.com/forums/hot-deals/1337239/
Services Deals
Going with online lender vs local lender, what am I missing??
Added on : Monday January 27th 2014 08:00:11 AM
g: 0 Posted By: Charles1
Views: 90 Replies: 1 We are buying our first home and picking the right loan is becoming very frustrating. We plan on moving again in 6-10 years (when our then children are of school age) and we would like to save $$ on interest right now.
Our lowest middle credit score is 692.

We were quoted 3.625% for the 7/1 ARM by both lenders. Buyer pays PMI, monthly, and those numbers are within $10 of each other.

We have a quote from a local lender who is affiliated with our buyer's agent:
Origination fee $700
Appraisal $450
Title insurance - lender coverage - $275
Title insurance (seller pays) owner's coverage $850
Closing/Escrow/ Settlement $325
Recording fee $100

I called a company similar to AIMLoan (US Wide Financial) and they told me they do not charge any origination fee. Their interest rate and monthly payment breakdown are identical (+/-$20) as the local lender. I told them our credit info, house price, etc and he said they can do all the paperwork now and lock it in, sounds like the same deal but $700 cheaper.

Am I missing something? Our buyer's agent told us most realtors "frown" on internet lenders like AIM Loan especially when they are used for pre approval letters.

Personal Finance Deals
GF's Insurance gone & pregnant - what are options? (lapse in coverage)
Added on : Monday January 27th 2014 07:00:16 AM
g: 0 Posted By: Muscle
Views: 0 Replies: 0 I'll try to keep this short. My (now 6 month pregnant) GF graduated college this past December. She was incorrectly told that her college insurance would continue until June of this year, but today found out this morning that it in fact expired almost 2 weeks ago. So, she's without insurance at all. She's working part time in the service industry but that's going to come to a halt soon as the pregnancy progresses.

We've been exploring options since we found out this morning, but I need to know what I can do ASAP.

She's applying right now to see if she's eligible for Medicaid, but after a phone call with them they said it would take a packet in the mail, followed by her filling it out, sending it in, receiving another packet with healthcare options, and sending that in. All in all this could take 1-2 months, so what can be done in the interim? She's can't go 2 months without insurance. Looking at options through the ACA website too.

As for me, I'm on personal health insurance through Anthem, so maybe I can add her on there if that's quicker? Will she get covered for pregnancy expenses as this is a 'pre-existing condition'?

I'm just trying to figure out options on how to get her covered ASAP as we have other baby appointments coming up and because, well, it's dumb to go without insurance. Literally just found out this morning that we were given incorrect information about her school's insurance duration.

Lastly, will any of these applications retroactively pay for appointments or other issues that come up prior to actual coverage? I thought I read somewhere some places will back-pay up to 3 months or so. My biggest concern is the lapse in coverage.

Thanks for any help. Somewhat panicking right now.
Allianz 222 Annuity?
Added on : Sunday January 26th 2014 08:00:07 PM
g: 0 Posted By: cabinjava
Views: 68 Replies: 1 I have a rollover IRA account recently. The problem with putting IRA money to mutual fund
or stock or money market is that it can go down significantly when market crashes and it
doesn't provide lifetime income.An insurance agent recommended Allianz 222 annuity
which appears attractive to me.It's like a fixed index product. It guarantees principle and
provides lifetime income. I wonder if there are readers of this forum who are familiar with
this product and would comment on this product and share any hidden risks to be aware of?
Question Deals
Debt Collection from Dr office
Added on : Sunday January 26th 2014 01:00:10 PM
g: 0 Posted By: ggmon
Views: 139 Replies: 1 Back in late 2012 my wife went for annual Gynecological exams at a Dr office in South Jersey. Its's 100% covered by insurance . She had the Pap-smear exam and was asked about any concern. So she complained about bloating since she heard on Dr Oz that cervical cancer can be the cause of bloating. Dr said in that case you could take a Ultrasound but no prescription was written. When the bills came they was addition bill of ~80 dollar with description Patient complaint in addition to several hundred dollars for Gyne exam which insurance paid and this was not covered.
My wife then called the billing office several times to clarify and could never get hold of one and left voice messages multiple times but never received calls.
When she received another bill due in May 2013 she again called billing office but same story. Then she called insurance and they said this visit is covered 100% and has also tried to reach the Dr's billing office.
After 8 months we get a bill from debt collection agency for the balance . She has contacted insurance agency and they said that this was due to question about bloating.Now this Dr office was bought by a hospital recently so billing agency has changed and they no longer handle old bills.
So we tried reaching Dr office and old billing agency and it getting no where.

Our principle is we shouldn't be paying for something we don't owe but don't want Credit History to be ruined.
FW'ers What do u think is the right course of action ?
How do we resolve this?. Is going to court an option?


Personal Finance Deals
Tax Planning Strategies, 2014
Added on : Sunday January 26th 2014 07:00:06 AM
g: 2 Posted By: EricGo07
Views: 179 Replies: 3 FatWalleters,It is the season to think about taxes even more than usual; and specific to this thread, tax planning. I thought it might be informative to read stories of how people reduce their tax burden(s). Im personally less interested in those that pick up receipts off the floor at drugstores or other fraud games, and more interested in legal long-term tax reduction strategies. No doubt, circumstances differ and what works for one person will not work or be available to another. Even so, being able to consider is that something I could do too? is worthwhile.A note about SS: I have posted in another thread the mechanics behind SS payback. Please refrain from discussing general SS opinions in this thread, although I completely understand if a person embarks on strategies to reduce SS payments. Im one of them, since I have passed the second inflection point.



My strategies are for small business operations. Summary of the 2013 tax year:
~ 225 - 250k income + Roth conversion
Total taxes (SS+Fed+State) ~ 7,500 all SS

My business is organized as an LLC and taxed as an S-corp. My wife and I are the employees.The business had the following expenses that reduced pass-through profit:
1. Defined Benefit pension plans for each of us. This year > 100k contributed
2. 401(k) contributions to each of us as 6% of W-2 wages
3. Travel expenses (reportable amount is ~ 3x actual cost)
4. Health reimbursement account (HRA)
5. Accounting/Actuary costs ~ $3000
(1-5) cancel fed, state, and SS.

6. 401(k) employee contribution for each of us
7. IRA contributions for each of us.

The mojo behind the final tax liability is a combination of the defined benefit (DB) plan and W-2 wages calculated to be as low as possible to cover our home, and income requirements of the DB plan.Going forward, I plan to manipulate my AGI so that the maximum tax savers credit can be utilized to convert IRA savings to Roth without cost. My low combined W-2 has the additional benefit of maximizing my federal ACA credit for health insurance.
Tax Deals
REQUEST - Advice Regarding Roundtrip RV Rental From PHX to MD
Added on : Friday January 24th 2014 03:00:17 PM
g: 0 Posted By: Sandybargains
Views: 41 Replies: 0 I know I will probably get blasted for even THINKING about doing this but....... My husband and I are considering renting a RV to drive from Phoenix to Maryland. We are takingan 11 year old and a dog. We have NEVER rented an RV before. We had planned 5 weeks for this trip during the summer and hope to visit with family. I have started looking into renting a RV and I have a million questions. What size RV is big enough but easy to drive? Should we getour owninsurance or shouldwe find a place which includes insurance in the rate/per day? How often do you use the generator? - I notice most companies charge by the hour to use the generator. I'm guessing in the summer we would need to use the generator a lot for A/C?Are there any companies that have real unlimited mileage and not a price per mile? Do most companies have 24/7 road service? Can anyone recommend a reputable RV Rental Company?Advice? Suggestions? Are we crazy for attempting this?We would like to make some nice memories ..... not nightmares. Be bold - tell me like it is....... I can take it. Thanks!
Requests Deals
Variable Universal Life
Added on : Thursday January 23rd 2014 06:00:04 PM
g: 0 Posted By: PF2014
Views: 35 Replies: 0 Hi FW...I posted another thread about my PF and the community was SO helpful...I now humbly come to you once again for your help. I'm not really familiar with Life Insurance and have done some research, but it's a hard concept to wrap my head around with all the different options/choices out there....My wife's family started funding a VUL for her when she was 17 and later on, she took ownership/responsibility of the funding. After we got married, I took a look at her statement. She contributes $70 a month and looks like there's a $30 charge deduction monthly.

I did some quick research and it seemed for the most part, VULs are not too favorable. She is 32 years old and we don't have any kids but are planning next year.Since she's contributed for 15 years now, is it worth it to continue or should we look somewhere else?

App Signed Date:04/01/1999
Maturity Date:04/01/2077

Financial Freedom Builder - WFG

Specified Amount:$250,000.00
Death Benefit Option:Inc Graded

Financial Values As Of:01/22/2014

Cash Value:$14,231.91
Surrender Value:$14,176.41

Loan Values

Loan Balance:$0.00
Loan Reserve:$0.00
Max Loan Amt Avail:$12,753.22

Withdrawal Values

W/D Anniv To Date:$184.82*
Total Withdrawals:$937.70*
Max W/D Amt Avail:$1,417.64*

Looks like this is the prospectus:https://www.westernreserve.com/site/newwrl/media/public/PDF/performance/MPRWRL005.pdf

Thank you!!
Personal Finance Deals
Car Allowance - Taxable or Not
Added on : Thursday January 23rd 2014 02:00:17 PM
g: -1 Posted By: Viliron
Views: 171 Replies: 2 Hi Everyone,

I'm getting car allowance total of $9K/yr. This is to reimburse me for my car payment, insurance, r&m, etc. Is it still taxable in this case? Thanks!
Tax Deals
Car accident- while parallel parking
Added on : Thursday January 23rd 2014 04:00:11 AM
g: 0 Posted By: medatom
Views: 124 Replies: 6 Today morning, i was trying to parallel park tha car and realized that my car was too close to the parked car in the front. So i pulled my car out and try to straighten it to get back in and my right side touched the back of the car in the front. The lady who was in the car got out and i waved and parked the car on the other side of the road. When i asked her how she wanted to proceed she said the whole car shook and don't know what else wrong with her car. When i checked her car, it had some paint strippings and also some dents. I am sure the dent didn't come from my car as there is no protrusion on my car to do the dent also my car has no scratches. So i called the police and got a case number. The cop did'nt give me any report but suggested that we exchange the insurance information and try to fix it out of pocket.
What should i do now?. Should i wait for her to get back to me with estimates or just let my insurance handle everything?. My guess is the expense would be less than $500.
Appreciate any feedback.

Personal Finance Deals
Evolve Money Billpay: Use debit card to pay billers
Added on : Wednesday January 22nd 2014 01:00:13 PM
g: 0 Posted By: larryc
Views: 226 Replies: 2 Just came across this: Evolve Moneyis a free bill paying service that lets you use the following to pay over 10,000 billers that don't normally accept credit/debit cards:

Visa or MC Debit cards
Visa or MC Gift Cards
Reloadit cards
Evolve Paybucks


Billers seem to include common utilities (electric, gas, water, cable, etc), mortgages, loans, and insurance co's. No, before you ask, you can't use it to pay other credit cards. (Darn!)

If you have a debit card that gives CashBack, this seems like a great opportunity to earn Cash Back that otherwise wouldn't be available. Also seems like a nice way to cash out those rebate gift cards for small amounts.

Couple of negatives though:
- I don't see any way to schedule future payments. You pay a bill; they send it in two days (a few billers offer express pay, which is same day). But there's no way to schedule
- After the recent Target data breach, we should all be wary of sharing our debit card information. Think carefully about which (if any) debit card you want to share with this service

PR release here.


Discussion Deals
Question on Contract for Deed
Added on : Wednesday January 22nd 2014 08:00:11 AM
g: 0 Posted By: snnistle
Views: 117 Replies: 0 Trying to help my grandfather and hope I can get some good advice from you guys...

SITUATION: He sold a small house to a friend a few years ago (contract for deed) and verbally agreed that he would not initiate any legal action if the purchaser defaulted on payments or if there were any other actions that constituted a breach of the contract. (Understand that his word is as good as a signed contract.) Now, the original purchaser purchased another home, moved out of the house she is purchasing from my grandfather, and she hasn't made payments to my grandfather, hasn't paid water/sewer, has no insurance on the house, and has let it fall into disrepair (including frozen/busted water pipes). The original purchaser recently told my grandfather that as part of the purchase of her new home the person who she bought the new home from has agreed to make payments to my grandfather (I'll refer to him as the new purchaser). The original purchaser says she had a lawyer help her and papers have been filed. First, is what the original purchaser did legal? Second, my grandfather has accepted payments from the new purchaser, but he also does not have insurance on the house. Since he has accepted payments from the new purchaser, does that constitute tacit approval of what the original and new purchaser have done? If what the original and new purchaser have done is legal, I think my grandfather would have no problem taking legal action against the new purchaser, so I kind of hope what they did is legal. Second, is there anything that my grandfather can do to be compensated for the damage to the house without taking legal action against the original purchaser?

ADDITIONAL DETAILS: This is in the state of Minnesota. The balance due to my grandfather is around $17,000. The original purchase price was around $28,000. (The house is small and in an economically depressed area, thus the low costs.)

I hope this explanation is somewhat understandable. I would appreciate any advice and input I can get, because my grandparents are in their 80's and I'd like to help them resolve this situation ASAP. Thanks.
Personal Finance Deals
Financial Advice After Insurance Settlement
Added on : Monday January 20th 2014 06:00:08 PM
g: 0 Posted By: tylerAlwaysAdvancing
Views: 83 Replies: 1 First off, thanks for taking the time to read this and respond with any advice. I am a 23 year old recent college graduate. I am engaged and work as a region rep for my fathers small business he started 14 years ago. I rent an apartment with hopes of buying a home in Summer 14.

Recently I was involved in an wheeler accident with zero fault on my part. I suffered back injuries, nothing major but still very much so significant. I am expecting anywhere from 300k-600k in a settlement. I have a top attorney doing his job, all the information has been provided its in their hands.

I am wanting advice on options for me and my soon to be family here in the near future. I have zero college loans or credit debt. I own my current car (after the accident took mine and left me with cash to buy another). I currently have no investments, savings, retirement funds or anything. I have roughly 10k in the bank and my fiance is a school teacher making a living while having no expenses all through hs/college/and young profession other than a car payment. (scholarship, no school debt) she has a nice sum in her bank. I will make around 50k this year and should increase 15-20% a year after that.

The #1 thing to do is purchase my first home. I believe it is in my best interest to purchase my home by paying cash without worrying about mortgages. My budget we will say is 250k.
After that I am running laps around my head trying to figure out what to do first; insurance, retirement, investments, kids college funds etc. and how much to really dive into that right away.

Obviously I need money set aside if my back injury takes a bad turn later down the road.. I will eventually own my fathers company and insurance won't be easy to come by (fiance dreams of stay a home mom) I want to be as prepared as possible going into this.

Any advice would be appreciated.
Personal Finance Deals
where to get money for downpayment.. 401k or Stock
Added on : Sunday January 19th 2014 01:00:04 AM
g: 0 Posted By: mrrino002
Views: 18 Replies: 0 I'm in the process of purchasing a home... I have a few options that I've been thinking about... First I need $25,000 dollars for a downpayment... I have roughly 75k in my 401k and 100k in company stock that pays a decent dividend and offers ownership incentives during bonus time... I'm 33 years old and have roughly 24 years of working, if everything goes smooth... My question is do I take a hardship loan of the 25k from my 401k, repaying it back over 15 years through a payment plan through payroll deduction, with 4.25% that I repay to myself. Or do I sell the stock, pay the capital gains tax, lose the dividend and ownership incentives, but don't have to worry about a repayment coming out my paycheck?

I was leaning more towards borrowing against my 401k cause you could only borrow from there during a few things and first time home purchase is one... If anything were to happen.. I could always sell the stock and repay the 401k loan..


the other question is... 25K is only 10% of the mortgage loan.. so Im paying PMI insurance of roughly $85 dollars a month for minimum of 3-5 years.. or do I put 50k down, dont have a pmi, but again lose a lot of my life savings and lose out on the dividends and ownership incentives plus the capital gains taxes?.. but have no pmi and $200 dollars less a month mortgage payment?

thanks any help would be great
Personal Finance Deals
Family member's pension was invested into a Ponzi scheme
Added on : Saturday January 18th 2014 07:00:09 PM
g: 0 Posted By: calisoldier83
Views: 79 Replies: 0 My mother was working as a transcriber for a Doctor's office since 1984. She became fully vested in the pension plan (profit sharing) six years later. Her employer's pension plan was (supposedly unknowingly) involved in a Ponzi scheme (similar to Madoff's). Being one of the first investors, all the people who invested after him are suing him for the money they never received as part of the scheme.

When trying to contact the company that administers the pension, they refer all calls back to my mom's employer.

She had close to $100K in the pension. They filed a claim with the employer's attorney, but he has been unresponsive.

It doesn't appear there is much recourse. The following actions have already been taken:

-She sent a formal claim for benefits which was returned refused (certified mail).
-My parents contacted the Dept. of Labor, but they can't get involved until the lawsuit against her boss is settled.
-A contact at the Dept. of Labor attempted to reach out to the boss, but he differed all questions to his lawyer.

Her boss has been known to file fraudulent insurance claims and do some pretty deceiving things over the course of her employment, so this was no surprise. I wanted to post on here in case anyone has anyone had recommendations or suggestions. My parents don't have any money saved up to hire a lawyer, which might be useless at this point anyways.
Discussion Deals
taxes for a first time landlord
Added on : Saturday January 18th 2014 06:00:12 PM
g: 1 Posted By: psychtobe
Views: 210 Replies: 3 Savvy FWF real estate investors,

Can you provide any general corrections to my rudimentary understanding based on internet research and a quick book skim?

Property: a second home purchased as a rental/investment property in July 2013, $26,500 down and $160,000 borrowed (documented loan from a family member, 12 years 3.25%). We have a property manager who charges $399 to place a tenant and $100 per month. The property was rented at the end of August 2013.

Expenses and Income (I tried to group by category):

$3000 improvements (new shower/bathroom update)
$3000 repairs
$400 insurance
$1000 taxes
$1800 interest
$600 pre-purchase inspections
$500 settlement charges

$400 pre-rental cleaning, etc
$800 property management fees

$5300 total rent

This is what I believe I understand:
1. I cannot deduct any passive income against my personal income because I am not an active property manager nor a real estate professional; and also because my income is greater than $150k.
2. I can deduct depreciation of the property structure (but not the land) as part of my expenses. I can also deduct the cost of the $3000 improvement but must do so on a depreciation schedule. If I do either of these then I will have to pay tax on the lower cost basis when I sell the property.
3. All of the costs I've listed above are deductible against any income I've received, obviously excepting the purchase price (down payment and principal payment) of the property. I can also deduct mileage for travel to/from the property.

Questions:
1. Obviously I have more expenses than income in 2013. Am I able to carry forward some or all of those unused expenses for 2014 and later? The internets says I can.
2. Am I correct in understanding that I cannot count any of these excess losses against my personal income for the reasons stated above?
3. Can I carry forward losses to use against future price appreciation of the property such that when I sell it, if it has risen in price, I can mitigate any taxes owed?
4. Are any of the expenses I've listed above 'not acceptable' for the purposes of calculating my losses?
5. If I do depreciate the structure and/or the improvements, and then I move into the property for at least 2 of the previous 5 years before selling it in the future, have I just completely avoided paying tax (because of the capital gains exemption for a primary residence of $500k for a married couple)?
6. Is TaxAct Deluxe going to adequately walk me through my scenario? What are my alternatives? I'm not too interested in finding a good CPA.

thank you!

Tax Deals
Life Insurance - VUL Cost of Insurance Past Age 65?
Added on : Friday January 17th 2014 05:00:12 PM
g: 0 Posted By: satchi
Views: 146 Replies: 0 Hi, I am in a situation where my dad's life insurance agent is recommending me to switch from a variable universal life insurance (VUL) to universal life (UL). I am the beneficiary as well as the account owner so I take care of the policy. The reason why the agent recommends the switch is because the current policy (VUL) is coming to a point where the fees 'MAY' exponentially increase, up to the point where the current premiums will no longer be enough to keep the policy alive.

That's where my question comes in. I asked the agent to show me a chart or something that shows this increase of fees over the coming years so I can plan for it, but he is unable to do so or appears to be side-stepping my question. I just wanted to know if anyone currently has a VUL past 65 and typically how much are the cost of insurance fees then? Currently my dad is 61 and his fees are just roughly $450 which is very much manageable, but I'm not so sure later on.

VUL (Current Policy)
$100,000 death benefit
$1000/yr premium (currently $450/yr goes to fees and the rest becomes cash value)
$900 cash value currently in policy.

UL (Recommended Policy by Agent to switch)
$250,000 death benefit
$2400/yr premium (from my understanding UL premiums are set and do not change?)

I have done quite a bit of VUL insurance reading on this forum so I kind of understand the true reason for getting a VUL, but my situation is a little bit different such that the VUL does not have much cash value left in it so the current plan for my dad's VUL is to keep the policy alive simply for the 'life insurance' part of it.

Any insights is much appreciated. Thanks in advance!

Personal Finance Deals
Term life insurance question
Added on : Wednesday January 15th 2014 08:00:06 AM
g: 0 Posted By: Xnarg1
Views: 108 Replies: 0 I'm in the process of getting life insurance and went to term4sale.com to get preliminary quotes and find an agent.

One of the agents is telling me that the new term life ins policies has a "living benefit" which you can draw on while you are alive if you have some sort of life event, like cancer or a heart attack. Is this pretty standard now? Or is he trying to get me into a different product but still calling it term life? Rate is pretty good about $30/month for 750k at 20 years.

My second question is how do you know that the company you choose will be around in 20 years? How do you research the company or do you just take the word of term4sale.com that the company is rates "A" or whatever and that is good enough?
General Economics Deals
FREE 1 year Experians ProtectMyID from Target
Added on : Wednesday January 15th 2014 05:00:05 AM
g: 1 Posted By: dacrew55
Views: 116 Replies: 1 creditmonitoring.target.com

Letter from Target.

I am truly sorry this incident occurred and sincerely regret any inconvenience it may cause you. Because we value you as a guest and your trust is important to us, Target is offering one year of free credit monitoring to all Target guests who shopped in U.S. stores, through Experians ProtectMyID product which includes identity theft insurance where available. To receive your unique activation code for this service, please go to creditmonitoring.Target.com and register before April 23, 2014. Activation codes must be redeemed by April 30, 2014.
Services Deals
Home Equity... How soon
Added on : Tuesday January 14th 2014 04:00:08 PM
g: 0 Posted By: elptrainerny
Views: 148 Replies: 0 I bought my property last June. The LTV (from purchase price) is 76, but with home price appreciation should be 70..

I'm looking for a 75k home equity loan to purchase a commercial property (as a CMBS loan is hard to get for such a small amount)

-Is someone who bought so recently eligible?
-How does a home equity work, if I exceed 80 LTV, so I have to pay mortgage insurance etc?

Real Estate Deals
Wife Quitting Job - AOR & other advice
Added on : Monday January 13th 2014 06:00:16 AM
g: 0 Posted By: kogerk
Views: 46 Replies: 1 My wife is quitting her IT job in 2 weeks for both increased stress and personal reasons. It will be a bit tight, but we should be able to pay all our bills (mortgage, utilities, taxes, phone, internet, insurance) with my salary, without dipping too much into our savings/emergency fund. In the long term (after 1 year) she probably will look for other options. We have two rental properties (big thanks to FWF) that are positive cash flow (about $600/month) that I do not plan to dip into.

I am looking for advice on what steps to take in the next few months, so as to not run into problems and if possible exploit the current situation.
- Unemployment benefits is almost ruled out since she is quitting and there is no harrassment of any kind.
- Will transfer health insurance onto my name in the next couple of weeks.
- Plan to do an AOR on her name (details below - any input is highly appreciated)
- Anything else ...!!??

The AOR is primarily for points/CashBack. I plan to get big on BB/VR and MS to further supplement our incomes. We do not have CVS, Riteaid, OfficeMax. We have Walgreens though and will try my first VR today there.
Her credit score is about 705 (credit karma) and her current salary is about $65K (mine about $80K). Here is a list of potential ongoing offers. Am I missing some offers.
Wells Fargo 5 rewards points for every $1 spent on gas, grocery, and Drugstore net purchases for 6 months (primarily for VR at WGs) Barcley 2X on all purchases - ==2.2% CashBack NFCU 60K points with $3K spend in 3 months -- now 15K?? Marriot 70K points with 1K spend IHG Rewards Club 80K points with 1K spend Capital One 50,000 points with Capital One Venture Card Chase Slate Introductory Offer: 0% APR on Balance Transfers Chase Saphire 40,000 Ultimate Rewards points after $3000 within 3 months Chase Ink Bold 50,000 UR points
I plan to get a EIN and also apply for some business cards. We don't worry about any hits on her credit score, as we don't plan on refinancing or such in the near term. I have done couple pf mini AORs before but, I plan to optimize this AOR since we might not be able to show any income on her name for a while.

I would highly appreciate any advice on all pertinent matters. TIA>

Personal Finance Deals
How long after medical procedure can I safely cancel insurance policy?
Added on : Monday January 13th 2014 06:00:16 AM
g: 0 Posted By: psyteet1
Views: 78 Replies: 1 Facts, two year old son had no medical insurance, needs minor surgery for a hernia, no current pre-existing condition exclusion, applied and approved for a policy with no deductible and only a one hundred dollar out of pocket limit for this surgery.

The surgery is scheduled next month and I would like to cancel it as soon as possible without hurting the coverage for this surgery and remaining check up costs.

If everything goes smoothly, at what point could I safely cancel the policy and expect that there would be no issues of payment? Sorry in advance for message layout since I am on my phone.
Personal Finance Deals
g: 9 Posted By: MISTERCHEAP
Views: 506 Replies: 5 https://creditmonitoring.target.com/#?v=1B18FB011314

In addition to a complimentary copy of your credit report, you will receive daily credit monitoring, identity theft insurance where available, and have access to personalized assistance from a highly trained Fraud Resolution Agent. This offer applies to all Target guests who shopped in U.S. stores. To register, please go to creditmonitoring.Target.com before April 23, 2014.

Guests will have until April 23, 2014 to request a code and until April 30, 2014 to register their code with Experian.

What is offered as part of the credit monitoring/ProtectMyID?

The one year of free monitoring membership to ProtectMyID includes:

Credit Report: You will get a free copy of their Experian credit report. If you enroll online, your report will be available online. Online credit reports are available for 30 days.
Daily Credit Monitoring: You will receive alerts for one year that reflect changes to your Experian credit report during your membership term. This includes new inquiries, newly opened accounts, new derogatory information (such as delinquencies or medical collections) and more.
Identity Theft Resolution: If confirmed that you have been the victim of identity theft, you will be assigned a dedicated, U.S.-based Experian Fraud Resolution Agent who will walk you through the fraud resolution processand remain available to answer questionsfrom start to finish.
Identity Theft Insurance: If you have been a victim of identity theft relating to this incident, you will immediately be covered by a $1 million insurance policy that can help you cover certain costs, including lost wages, private investigator fees, and unauthorized electronic fund transfers for one year.
ProtectMyID ExtendCARE: Access to personalized assistance from a highly-trained Fraud Resolution Agent will continue even after the initial one year ProtectMyID membership expires.

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Planning for temporary loss of income
Added on : Saturday January 11th 2014 09:00:14 AM
g: 0 Posted By: RedCelicaGT
Views: 87 Replies: 1 I'm a 29 year old student. I also work full time and have no debt other than my mortgage. Through employment, Igross 88K annually including overtime.

For certification reasons, I need to take a 2 yearunpaid training after I finish school. At the end of my training, my income will be 120K-140K with 10 year potential to 190K...So the incentive to do this is clear.

I have managed to avoid student loan debt through employer tuition reimbursement. At the end of my classroom education and research I will be "employed" in a 2 year unpaid training/residency. It's good I have some time to prepare for a loss of income, but at the same time a bit nervewrecking to know I have a family to take care of while not having any income. With small children, my wife as a school teacher will not net enough money to warrant working and offset daycare. Children must come soon. Medically speaking that is the only choice. Right now we have an infant. I'm currently saving about $900/month including matched 401K contributions.My mortgage PITI is $1380 with $400 going to principal so that's kind of like sending the money to savings at this point.So far, here are my assets and liabilities:
Asset Value Loan Balance House 250K 216K 401K 56K NA Liquid 25K NA Car 1 12K NA Car 2 10K NA Total 345K 216K Net 149K
Here are my planned expenses during training:
Expense Amount Rent 700 Car/health Insurance 400 Utilities 100 Food/Baby 600 Gas 150 Life 500 Monthly Total 2450 2 year total 58800
I'd prefer to not burn through my life's savings in two years. I will sell the house which will net about 25K after expenses. Liquid+house proceeds can almost carry us through the whole time. I really don't want to dip into 401K. I can sell the cars and drive an old beater if necessary but I'd prefer to keep the cars and have reliable transportation.I don't feel bad taking some government assistance if I qualify during this time period since I've been paying taxes and have not been getting government assistance while in school. I'm considering moving all my liquid over the next few years to roth IRAs so we can qualify for WIC/SNAP and pay for most everything from the IRA.

What would you do if you were me to prepare for the loss of income? Is it unethical to plan in such a way to be able to qualify for government assistance while having a substantial amount in retirement accounts?
Personal Finance Deals
Escrow went up by almost $500 !!
Added on : Friday January 10th 2014 04:00:08 PM
g: 0 Posted By: mnsweeps
Views: 55 Replies: 5 I checked my Jan 2014 statement and I see my Escrow (insurance and tax) went up by $485..I do not have PMI...anyone can think of any reason? My insurance has hardly gone up and neither has property taxes..
Personal Finance Deals
Auto Insurance discussion thread.
Added on : Friday January 10th 2014 06:00:13 AM
g: 0 Posted By: ShakuniMama
Views: 30 Replies: 1 I am starting this thread in the hope that all discussion regardingAuto Insurance can be done in one thread and all of us can benefit from it since currently there are numerous archived threads with great information (but you have to start a new thread in order to ask one question).
Please fell free to comment/ ask any question regarding yourAuto Insurance.
Also, any tips/ticks for getting discounts on your policy.
Please include yourAuto Insurance name, state, coverage, deductibles and six monthly premium to compare.
For example:
I have Geico with full coverage & full tort in PA with a 6 monthly premium of about $700.
My car (2002 Honda Accord) is just over 11 years old and I am looking for ways to reduce my premium since now it is probably worth about $ 4-5000.
What can I drop and what I must keep ?
I also have renters Insurance and was wondering if I should buy an Umbrella insurance.

Thanks for reading.

Discussion Deals
Copays and Doctor visits (Hospital Based Billing)
Added on : Thursday January 09th 2014 05:00:10 AM
g: 0 Posted By: BenH
Views: 2 Replies: 0 I posted a thread several months ago in Off-Topic and updated it a week or so ago with no response (likely because it sat dormant for so long). I'm bringing some of the questions into FWF because I know there are here with good experience, and in the end - it is related to personal finances, so something we all should understand.

You can read the synopsis of my experience in this post:
http://www.fullofdeals.com/forums/off-topic/1307347/messid=18208089/#bottom

Essentially, it appears that my doctor's office - which is affiliated with a hospital - has changed their billing methods. Now, instead of just a $20 copay, I am paying towards my deductibles for office visits.
Feel free to read the above post for more precise information.

The question I have now, after speaking with my doctor directly (asking her for a recommendation for another doctor not affiliated with the hospital), is this:

My doc informed me that that last few visits that we have all had were not coded as wellness/preventative visits. My daughter (infant) went in for...can't remember...a rash maybe? My wife had hurt her neck, I went in for some congestion/nasal/sleeping issue.
So - the doc said that these were not coded as standard office visits - presumably because it wasn't like a normal check-up, but because we were coming in for a specific issue.

Now I don't go to the doctor often but since I've been married and had a kid I have to deal with the insurance more than ever. IIRC, in the past when I have had insurance with a $15-30 doctor copay visit, it did not matter what I was going into the doctor for.

Whether it was a yearly checkup, or I had a cold, or I was complaining about my toes being numb, or loss of hearing (all just examples)... it didn't matter! I would just go, pay my $15-30 co-pay and that is all I would owe unless the doctor had to order some specific tests.

I'm sure my doc has pressure from the hospital to bill a certain way, and I think she is trying to work with me on this, but which of us has the more real-world view? Am I wrong in thinking that a copay should be valid for all doctor's visits? Is the doc saying otherwise clearly the hospital talking and them trying to take advantage of these billing practices?

Doc says that if she realizes it is an issue for me, that she can try to code our visits more as a "standard" visit which, I believe, should just elicit the copay. With new insurance kicking in this year, and not wanting the hassle of finding another good doctor, I would like to think I can stay with them if they can do this...but I want to know what everyone else's understanding/experience with co-pays are.

thanks.
Can I use VISA rental car insurance with SLI?
Added on : Wednesday January 08th 2014 09:00:06 PM
g: 0 Posted By: RogerFederer
Views: 73 Replies: 1 Hi there!

I'll be renting quite a few cars for travel and wanted to make sure I fully understood the details of credit card rental insurance and supplemental liability insurance (SLI). I just finished reading through this awesome infographic on insurance,but I'm unclear on the following:

I don't have personal car insurance (don't own a car), but I intend to pay with my VISA, which means damage to the rental vehicle is covered.
I want to make sure i'm covered for liability in case I am deemed at fault for an accident.
Can I JUST buy the supplemental liability insurance and not the collision damage waiver? Idea here is my credit card should cover the CDW, but it won't cover liability.

I'm just trying to make sure that buying SLI won't negate my credit card coverage of damage to the rental car.

Thanks in advance for your help!!
Eric
Question Deals
Water Damage from a Vacant Neighboring Condo Unit
Added on : Wednesday January 08th 2014 06:00:08 PM
g: 0 Posted By: Porqin
Views: 116 Replies: 0 Greetings, FWF:

Quick scenario, my friend encountered this evening:
- Lives in a 2-story condo building (he is renting), with units on both the first and second floor
- Neighbor's 2nd story vacant condo had a pipe burst, and water gushed into the first floor (garage area of friend)
- Water department was called to turn off water to the vacant unit

At this point, it isn't entirely clear the extent of the damage.

Now, the question is which insurance covers this situation for damage to:
A. Friend's personal belongings
B. Damage to friend's unit (structure)
C. Cleanup

1. Friend's renter's insurance
2. Friend's landlord's home owner's insurance
3. Vacant condo's home owner's insurance
4. HOA insurance

Thanks for your input.
Discussion Deals
Car rear ended, back hurts
Added on : Wednesday January 08th 2014 01:00:07 PM
g: 0 Posted By: Al3xK
Views: 184 Replies: 0 My girlfriend has liability only, and was rear ended by a dry-cleaning van with commercial insurance. At a red light with plenty of cars lined up, it turned green, he just rammed into her stopped car. Damage isn't too bad, but it's been 2 days and her back is pretty sore and it was hard enough to knock her water bottle out of the cup-holder and spill it and lock up her seat belt. We called and started a claim directly with their insurance. Her insurance hasn't been contacted at all, since it's just liability.

What are the best steps for possible medical? It was a fairly low-speed accident with the other driver admitting fault (no police report). I'd just guess a several chiropractor visits and a massage and she'd be fine. I know insurance companies fight paying chiropractors without a real doctor visit. Do I send her to a doctor of our choice for X-Ray/check and then just send insurance company bill or what? Should I tell their adjuster she wants to go to a doctor and have him confirm a place they'll pay for?
Question Deals
Nursery charge for newborn
Added on : Monday January 06th 2014 02:00:08 PM
g: 4 Posted By: bluegreenturtle
Views: 197 Replies: 0 I am hoping somebody with some sort of special knowledge of hospital billings might read this.

We recently had a baby. Normal delivery and the charges to Mom's account, while crazy high for a normal delivery without complications, were what we expected and she hit her $5000 out of pocket max anyway.

Then they started a billing account for the baby and started charging things to her. Ok, some of it made sense, like a diagnostic test or any medications (eye drops) given. But in addition to Mom being charged for the labor and delivery room and then the recovery room (the only 2 rooms we saw) they also charged the baby $1500 for "nursery." all of which will be out of pocket since it's under the deductible for the baby's account. I wrote to the hospital and asked about this, explaining that the baby never spent any time in a nursery or any other room, and the reply was "the hospital always bills for a nursery charge because there has to be a room avaiable in case the baby is ill or has complication." This doesn't make sense to me - do they always charge for the Operating Room in case a C section is needed? No. Do they always charge for an emergency cart because the mother or baby could go into cardiac arrest? No.

Anyway, is this normal practice? I'll have to pay the whole thing if we're liable for it, so it's worth a little bit of time to try to fight it or negotiate it. Also, if they just would have charged it to the Mother's account instead of the newborn, then the insurance would be on the hook for it. Is that impossible to ask for?
Personal Finance Deals
Buying a rental house targeted at shorter-term tenants
Added on : Monday January 06th 2014 06:00:15 AM
g: 0 Posted By: Bagofchips
Views: 0 Replies: 0 Here's an idea I'm toying with. Where I live (suburbs, upscale, Northern California)there is little inventory for housing (be it rental or purchase). This in turns leads to more people wanting to remodel their homes, but those who do so often have the challenge of where to live short-termduring a move-out remodel.

The cash flow on homes purchased for rental usually stinks, but am thinking MIGHT be able to make something work with a rental targeted at shorter-term occupancy. Rental terms would be front-loaded with a higher rate and the rate would decline over time (to a still-above-market rateat month-to-month). Where I am there is no rent control. Shorter-term tenants also include the recently-relocated (from outside the area or urban flight families) who are house hunting.

The ideal home for such a situation would have these qualities:

Generousgarage for storage
One level for easier move-in / out
Convenient location
Finishes / fixtures able to withstand more wear & tear

Things that ordinarily might hinderproperty value which could matter lessto shorter-termtenants (to an extent):

Road noise
Appearance of neighboring properties, house itself, grounds
Interior condition

So basically, I'm thinking there might be a way to cater to shorter-term credit-worthy tenants paying above-market rent in a property that is fundamentallylower cost / sq ft. Clearly Iwould need to manage vacancy. I can't get to the oft-advised1% rent threshold, though I will be able to self-manage given my proximity to it. Rent could cover mortgage and property taxes and minimal maintenance like landscaping. But let's say not routine repairs, insurance, home warranty...

Input?
g: 2 Posted By: remick
Views: 288 Replies: 0 http://www.amazon.com/Arts-Numbers-Financial-Performers-Creative-ebook/dp/B00B6U09K4

5.0 out of 5 stars (7 customer reviews)

The creative classartists, actors, writers, musicians, freelancers, dancers, performers, and the likeare known for applying their passion for creative expression to everything they do. Perhaps the one thing that most fills this group with apprehension is the rigid world of numbers. This leads to problems arising from the unconventional financial and business situations of creative professionals, as well as the nonprofit organizations with which they're often affiliated. Finances, budgeting, and business matters can be dreaded, if not outright ignored, by creatives--to the detriment of their artistic pursuits.

Author, artist, and CPA Elaine Grogan Luttrull has written Arts & Numbers to help creative professionals find the same confidence in their financial dealings as in their chosen mode of expression. It is an engaging, accessible guide that covers a variety of must-know topics, such as budgeting, cash management, visual charting, taxes, employment, and business etiquette. In a simple, straightforward style, Luttrull draws examples from smooth-flowing narratives depicting common issues within the arts worlds, as well as from her own personal anecdotes. Unlike stuffy textbooks and patronizing business books, Arts & Numbers is a lively and artfully done ally in helping creative professionals plan their present financial situations and secure their futures.



Personal Finance NOW: Top Keys to Understand Personal Finance, Financial Planning, Budgeting & Investing Through The Power of Effective Money Management ... Investing, Money Management, Debt, Money)
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You are about to discover how to get in charge of your financial life. No matter what you do for a living, you are going to need financial literacy to succeed in life. You know this; that is why you picked up this book. The fact is that the amount of success you achieve both in your business and personal finance is determined by the ability to track your spending, build up savings, and invest the smart way towards a better future. Its determined by the ability to develop the right money habits that will take you where you want to go in life.


Spending Smart: A Consumer's Guide to Saving Money and Making Good Financial Decisions
http://www.amazon.com/Spending-Smart-Consumers-Financial-Decisions-ebook/dp/B00BVTW4BW

Spending Smart is a compact but immensely helpful collection of columns from the weekly Chicago Tribune column penned by Gregory Karp. Offering tips for consumers across a wide variety of fields, including insurance, banking, cars, phones, homes, travel, and more, this book is a terrific primer for how to take better care of your money and find deals where others aren't even looking.
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Apartment complex water damage.
Added on : Sunday January 05th 2014 01:00:04 PM
g: 0 Posted By: Stanley124
Views: 168 Replies: 3 So today the alarms went off in my apt. complex. We evacuated and the fire dept came. After a while we were let back in. A water pipe had burst in the apt manager's office and flooded. a couple apartments on the 2nd floor along with 2-3 on the first floor suffered water damage. Briefly talking to the property manager she says " I am glad it happened in our office as I will get all new stuff, but the other tenants aren't as lucky"

This brings me to my question. If the same thing happened to me and my apartment was damaged by water due to a burst pipe is the complex not liable? I do not have renters insurance so this obviously concerns me.

I am in Mass.
Question Deals
Investment Property Advice
Added on : Saturday January 04th 2014 04:00:06 PM
g: 0 Posted By: OCDSaver
Views: 105 Replies: 1
I have been renting my former primary residence for 3 years.
Current FMV $320k
Mortgage balance $200k, 2.875%, 21 years remaining. Rate resets every October, tied to average 12 month Libor+ 2%. I have the ability to refinance at any time to a fixed rate and term of my choosing based on the prevailing IRS applicable federal rate
Rents cover all expenses (Mortgage, HOA, Property Tax, Insurance, Repairs, etc.)
I do my own taxes through Turbo Tax so I am not very clear on how depreciation factors in to any decision I make
I recently hired a property manager and because I'm not losing money on the property, I would not be inclined to sell it

Questions:

How would you approach the refinance situation? Applicable federal rate is currently 3.44% and rising. How aggressive would you be in paying down this mortgage? The balance in the business checking account is steadily growing so I have surplus cash that I won't be investing for fear of a major unexpected repair. Also, my day job is in finance so I don't want to put all my eggs in the financial markets basket, and the idea of investing a little more to my only real estate holding seems attractive (we pay rent on our primary residence)
If I were to sell down the road, how is my gain computed?
How does depreciation factor in?
If this property management flows as smoothly as I hope, this seems like a nice investment. Anything I should be thinking about, considering this isn't my day job

I'm happy to answer any questions. I'm sure I've left a lot out.
Real Estate Deals
Renter's Insurance: How to Best Document Belongings in Apartment
Added on : Saturday January 04th 2014 09:00:08 AM
g: 0 Posted By: Gauss44
Views: 7 Replies: 0 I am planning on purchasing insurance for an apartment I'm going to rent and live in. The insurance company suggested that I make a video of the apartment and the belongings in the apartment so that I can prove that I had belongings in case of a fire, serious flood, or other disaster that ruins belongings.

My question is about filming this video. For anyone who's done this before, do you suggest unpacking every last box in your storage room to film every last item? Did you go through your closet and boxes of clothes to film every name-brand tag on every piece of clothing? Where did you draw the line and where should you? How did you make your video?
Personal Finance Deals
g: 4 Posted By: itsyourbirthday
Views: 336 Replies: 3 *Don't be persuaded by the "T Rowe Price customers only" in the title. Even this posting, dated Jan/03/2014,is technically only for State Farm Insurance customers.

In spirit of the ongoing State Farm Insurance link that has been floating around since 2008 (as evident here), I thought I would up the ante and provide a link to receive TurboTax 2013 Deluxe for free.

TurboTax provides these "special" links for their affiliates, one of which is State Farm Insurance. Another is T.Rowe Price. TT has thousands, upon thousands, of affiliate links, and it is my assumption that it is easier, and probably more cost effective, to simply allow these links to roll over from year to year, rather than updating them. That is how the SFI link is still active after all the years. Okay, so why did I mention T.Rowe Price? Just like SFI, TRP is also an affiliate of TT, and has their own link(s) which contain special pricing. One of those links that happens to be floating around on the World Wide Web, offers a great deal on Download Deluxe, but not so great deals on Premier, H&B and Business, unless you want to file online with TT using Premier which in that case is FREE or H&B for $54.99.

So, how great of a deal on a downloaded version of Deluxe? How about free.

Download Pricing (Federal & State): *Inlcudes free Federal e-file. State e-file additional.
Basic - Free (State Download Additional)
Deluxe - Free
Premier - $74.99
Home & Business - $79.99
Business - $129.99 (State Download Additional)

Online Filing Pricing (Federal & State): *Includes free federal and state e-file.
Basic - Free
Deluxe - Free
Premier - Free
Home & Business - $54.99
Business - N/A

I am going to guess that once TT gets hit with people connecting through the following link, they might delete the link or update the pricing. So get it while it's hot!

I can confirm that Deluxe downloaded and installed without any issues. I can also confirm that state downloaded as well, after the initial installation of Deluxe, and navigating to the State tab in the program. Enjoy.

YOU FOUND THE LINK

Fine print mumbo-jumbo from TT website...

Efiling your Personal Federal and State Tax Returns with TurboTax Online

Free Federal Efile Included Free efile is included with your purchase of TurboTax Online federal and state products.
Efiling a State Return? State efiling is free with TurboTax Online. Note: You can efile only up to five state returns per federal return.
Want to Print and Mail Instead? You can print as many copies of your federal and state returns as you need per TurboTax Online purchase.

TurboTax CD/Download

Free Federal Efile Included Theres no additional cost to efile your federal tax returns. Efiling your state personal return(s) costs $19.99 per efile.**
Efiling a State Return? Efiling your state return costs $19.99 per state efile.** Note: You can efile only up to three state returns per federal return.
Want to Print and Mail Instead? No problem. Prepare and print as many additional returns as you like for no additional charge.
Filing Multiple Returns? Its easy. Prepare federal returns and efile up to five federal tax returns (the limit set by the IRS) at no additional cost.

Efiling Your Business Returns

Efile Included Federal and state efile is included with TurboTax Business and Business State products (each sold separately).
Filing for Multiple Businesses? You can efile up to five federal returns at no additional charge.

*Fastest refund with efile and direct deposit; refund timeframes will vary.
**Prices are subject to change without notice. State efile is an additional fee.Efile fees do not apply to New York state returns.

This comment confuses me though...

Try it for Free/Pay when you file: Price increase expected on 03/22/14 unless you've received a valid special discount offerin which case comparison is based on your specified discount, which may expire before 03/22/14 (see your discount offer details for more info). Actual prices for our online products are determined at the time of print or efile and are subject to change without notice.
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Making Extra Cash Off Renewing Cell Phone Contract
Added on : Thursday January 02nd 2014 04:00:09 PM
g: 0 Posted By: thepineapple
Views: 236 Replies: 2 Hey everyone. I have been reading this forum for about two months now and have made a decent amount of extra money from CC signups and bank bonuses. Hopefully these tips help some one out.

Every 18 months my family's cellular contracts expire and we have the ability to sign a new one. If you have any of the major cellular carriers you usually get a huge discount on a new smartphone by signing a contract. Every time we have this ability I sign new contracts under all my lines, get the newest or most desired smartphone usually for $199.99, and flip it on eBay, usually for ~$600 after fees. You can either then buy a year or two old smartphone with some of your profit, or just keep using the one you have. I've had an Iphone 4 since a year after they came out and don't really need anything better. I just did this for the 2nd time and pocketed 2k off my five lines.

We also have glass coverage on all our vehicles because we are in Arizona where windshields break multiple times a year. When your windshield breaks, even chips, make your insurance replace it, not repair it. There are plenty of windshield replacement companies that will give you gift cards for going through your insurance. I get $100 gift cards every time my windshield breaks which is usually once or twice a year.

Hope these help some one out.
Deal Deals
Is useage based car insurance better than regular car insurance?
Added on : Wednesday January 01st 2014 05:00:10 PM
g: 0 Posted By: Phokus
Views: 52 Replies: 1 I drive less than 10k miles a year, probably around 7 to 8k miles a year. I heard about useage based auto insurance and that you can save some money over regular insurance. However, i heard some quirks, especially that they check how hard you brake and that can sometimes be arbitrary or too low to really determine whether or not you are a dangerous driver. Anyone got any good suggestions for insurance companies who implement this right and where you can save a lot of money?
Question Deals
Auto collision - Rear end hit
Added on : Tuesday December 31st 2013 01:00:15 PM
g: 0 Posted By: haoniukun
Views: 166 Replies: 6 Originally, I thought my case was simple.
My car was rear-ended.
A small dent was left on the rear bumper.
It is the hitter's fault obviously.
But unfortunately, I can't find a witness easily and the officer wouldn't give a report because no one was injured.
I filed a claim against the hitter's insurance company.
After I went to the assigned collision shop for inspection, I have been waiting for the claim result and called the insurance company several times for the claim status.
The insurance company was waiting for the hitter's photo of the car (accident happened on Nov. 15th).
The insurance company also told me that the hitter said there was a dent on my rear bumper originally.
I'm sure that my car was perfectly fine originally.
But I cannot provide any proof for this right now and it is ridiculous that the hitter said that there was a dent on my rear bumper without seeing my car before.
Does anyone have any idea on how to communicate with the insurance company from now on?

Thanks for any advice in advance and happy new year!
Personal Finance Deals
Looking For Fuel Efficient Beater for Mexico Trips
Added on : Monday December 30th 2013 02:00:08 PM
g: 0 Posted By: gamer83
Views: 171 Replies: 5 I know the Crown Vic seems to be the favorite beater car in these parts, but it isn't very fuel efficient. I'm looking to buy a beater for weekend trips to mexico in the 3k range. I plan to put a kill switch in it so that I don't need to buy expensive mexican daytrip car insurance when I go any longer. I don't care at all about image, in order the things that i'm looking for are:

Fuel Efficiency(35-40mpg+)
Reliability
Trunk Space

What models should I look at?
Personal Finance Deals
Underwater Mortgage Options
Added on : Sunday December 29th 2013 11:00:05 AM
g: 0 Posted By: Benjamin75
Views: 56 Replies: 0 General info.

1st mortgage with PNC bank
balance $55,472
payment $742.74 (including tax/insurance)

2nd with Huntington bank
balance $33,311.51
payment 359.58

Totals
owe 88,784.12
payments 1,102.32

house is a duplex, built in 1922 in Ohio.
the county for tax purposes had valued the house for $97,800 before the market collapse, then the value dropped to $78,000. In 2012 the county raised it back to $98,700

i would like to move, my neighborhood has declined, and quite frankly, I don't like where I live. I could have a nicer apartment for half of what I pay now.

Currently, i bring home JUST enough to pay the mortgages and other debts (minimum payments) to be one of the working poor. Just barely enough left after bills for food & gas. Anything extra, or unexpected ends up on a credit card.

i was approached by PNC and told my mortgage was eligible for a HARP refinance, since the loan was owned my Freddie Mack. When they ran the numbers, I was told if I paid close to $700 up front, I could reduce my interest rate and lower my monthly payment by about $100. Since I didn't have $700 laying around! and it would take 7 months to even break even, I did not go further with it.

i approached Huntington about refinancing my loan with them. It has an interest rate of 10% and I had to have my mother co-sign for it. I was hoping to get her name off, and possibly a lower rate. Huntington surprised me, by telling me I may be able to get one new mortgage from them, that payed off both of my loans, put it all in my name alone, and would save me $100-$300 per month depending on the interest rate.

Huntington paid for an appraisal, and it came back at $60,000.
Huntington isn't offering to do anything for me now.

from what I've read, I'm not eligible for any of the modification programs because Huntington isn't a participating bank of HAMP, and because I have a co-signer.

so do I have any options?

Short sale: doubtful Huntington would agree to take what little money was left after PNC took their money. Seems they'd rather go after my retired mother.

Walk Away/Foreclosure: ruin my credit, Huntington still pursue me; ruin my mothers credit and have her pursued also.


Real Estate Deals
Which car insurance companies do not check your driving record?
Added on : Sunday December 29th 2013 05:00:06 AM
g: 0 Posted By: xyqybonu
Views: 26 Replies: 1 I'm a high risk driver. Had a DUI a couple years ago.

I know it's a long shot, but I'm looking for a car insurance company that either doesn't check driving records, or only goes back a year or so.

Thanks!
Question Deals
Advice on Financial Layout
Added on : Saturday December 28th 2013 12:00:07 PM
g: 1 Posted By: PF2014
Views: 172 Replies: 9 Details

Wife and I are both 31 years old
Total net income: $67,600/ year; $5,633/month

Work Retirement Accounts
We both contribute 25% to our respective retirements at work
Me: 401k (3% match)
Wife: 403(b) teacher
Current Amount $5K [I started new job and recently got wife to sign up for 403b]

Personal IRA Account
Mine (Rollover & Roth IRA): $122K, Vanguard Target Retirement 2045
Wife's (Roth): $5500, Vanguard Target Retirement 2045 [Just got wife to sign up for Roth]

Bank Accounts
Checking: $24K
CDs: $20K [Waiting to mature to divert funds to High Yield Savings]
High Yield Savings (0.85% APY): $100K
Regular Savings (Emergency): $23K

Expenses
Mortgage + HOA: $900/month
Cell phone: $130/month
Internet: $35/month
Utilities: $40/month
Car Insurance: $150/month

Recently signed up for mint.com to track spending
Groceries: $350 /month
Restaurants: $575 /month
Wary about the cost to feed us...I think this is something to work on for 2014

Other info
Own both cars, 2005 & 2009 models
Hoping for healthy baby in 2015 & thinking about 529 plan
High amount of liquid cash because wife didn't invest in her 20's. After we met, I advised investing (opening 403b, Roth IRA)


Requesting your counsel for plan of action for 2014 to maximize our money saving and having our money work harder for us. Will provide more info if needed. Thank you!
Personal Finance Deals
Possible settlement with ex-employer what to ask about
Added on : Saturday December 28th 2013 07:00:13 AM
g: 2 Posted By: 77Rus
Views: 200 Replies: 6 Was asked to resign or to be terminated on the spot in October after spending 8+ years with a large company (internal IT department).
Took my case to Equal Employment Opportunity Commission (the only Russian-American of 700 people; new CIO with 12 years of military service during Cold War got totally crazy after finding out that I have concealed weapon permit and allowed to keep firearms in my car after a newstate gun law took effect in August told everybody that I will be killing people one day; started lying about me to senior management; made me to resign after Ive complained to CEO; when still employed for another 3 weeks, they ordered a security with a revolver to escort me to my car in front of everybody first time in history).

We will have mediation at some point in about 2 months. I want my job back. CEO has called me that they can't - CIO doesn't want me. EEOC folkssee a constructive discharge, and said that unless the company takes me back, they will have to offer me a financial compensation of some sort (the company is extremely profitable, but it is not the point Id rather take my job back ).

The question I have, dear FW people: what is right compensation to ask about if they dont take me back? I dont have a job since then (may get it next month), not eligible for unemployment, no health insurance etc. Somebody said I can only ask for actual financial damages. Another person said to ask for 12 months of pay (I was making around $42K plus overtime). Another person said to sue hell out of them, including punitive damages. Unless they object and the case goes to court, I will be glad to settle for 12 months pay. Do you think it is reasonable? Anybody has experience with EEOC mediation process?
Thank you
Personal Finance Deals
heloc w high dti
Added on : Thursday December 26th 2013 10:00:05 PM
g: 0 Posted By: michaelgh
Views: 29 Replies: 0 I have 4 multi family properties, all in my name only. I have great rates, so if I cash out refi it will cost me in the interest and charges. I live in one , and want to heloc it. It is worth 1mill and I owe 500 in 1sf mortgage. I only want 120,000 but the bank says I should apply for a credit line of 200,000 because I get a better rate ! But with four mortgages , my dti ratio is crazy, even though my buildings are profiting! I clear 4000 a month on top of mortgage, escrowed taxes and insurance, but even with a decent full time job I cant get a dti down near 50, especially with the new debt line fully considered. Are there any banks or guidelines that allow for a heloc scheme to work the heloc in hard numbers instead if a ratio ? Ny or Nj . Any suggestions.?
New User Question Deals
Renting vacation home insurance
Added on : Thursday December 26th 2013 03:00:07 PM
g: 0 Posted By: money2011
Views: 18 Replies: 1 I will be renting a vacation home in Oregon for at least 30 days to possibly 90 days because I need have work in that area. I am unsure as to whether or not to buy either travel insurance or renters insurance. Reading a few policies it would seem that travel insurance does not cover rental property unless it is a rental car ( in some cases). However, since this rental property contract explicitly states that it cannot be used as a permanent residence I am not sure if renters insurance would cover it either.

What should I buy to cover my ass?
Question Deals
Home owners insurance claims now cause rates to increase?
Added on : Tuesday December 24th 2013 05:00:08 AM
g: 0 Posted By: shank
Views: 0 Replies: 0 We live in Southern California, have had AAA insurance for home and vehicles for more than 15 years, NEVER filed a claim on our homeowners. While away last weekend, someone broke in to our garage, stole 2 bicycles, loss of approx $1300. Agent claims that AAA recently implemented a policy, following all major carriers, that any claim over $750 will result in a rate increase for 3 years. She did a quick estimate, estimates an increase of $350 per year, so after our $500 deductible, the claim would in effect COST US $250 (!?!).

Is it time to start shopping for a different insurance carrier?
Adult dependents. Which is cheaper under Obamacare?
Added on : Monday December 23rd 2013 05:00:06 PM
g: -1 Posted By: youngchemist2003
Views: 164 Replies: 2 Hi folks, not sure who to best ask, but I thought the finance forum is probably a good place to start.

My wife and I are both citizens, have 2 kids under 3. Her parents immigrated from Asia (greencard holders) to live with us, don't speak english, no income, takes care of the kids while we both work full time. We make too much money to qualify for subsidies under ACA. Currently we are paying ~$500/month for catastrophic insurance coverage for her parents.

I am wondering if I can refuse to claim her parents as dependent, have them file as a couple with $0 income. Would that qualify them for heavily subsidized insurance? Would that qualify them for medicaid? I will lose 2 deductions from claiming them as dependents, but I am guessing it would be a net saving if they qualify for almost free health care. Am I off on that?

Any advise and input would be awesome. Thanks in advance.

Question Deals
Question on CC Baggage Delay Reimbursement
Added on : Monday December 23rd 2013 09:00:18 AM
g: 0 Posted By: jsmirrific
Views: 0 Replies: 0 Can somebody answer this question. In my Chase credit card "Guide to Benefits" under Baggage Delay Reimbursement it reads: The Baggage Delay Benefit Amount is excess over any other insurance (including homeowners) or indemnity (including any reimbursements by the airlines, cruise lines, railroad, station authority, occupancy provider) available to the insured Person. Does this mean that if the Airlines reimburses me fully for expenses related to the delay that the Credit Card Benefit will or will not pay their stated benefit? I thank you for your time.
PSA: Dont forget to do health insurance incentives for 2013
Added on : Monday December 23rd 2013 05:00:11 AM
g: 0 Posted By: KayK
Views: 51 Replies: 0 My health insurance provider (Aetna) gives $100 for an online health assessment (~10 minutes) and $100 for logging in 1200 minutes of exercise on it's website (another ~10 minutes)
That's $200 easy money for me.. and $200 for my wife.. so $400 in about 45 minutes.
They send two separate $200 VISA giftcards about 3 months after completing the two things.. for those wondering.

Just completed mine today. Dont forget to check with your employer/health insurance provider if you're eligible for any incentives.
General Economics Deals
Being trained to absorb fraud costs
Added on : Saturday December 21st 2013 06:00:06 AM
g: 0 Posted By: kenblakely
Views: 39 Replies: 0 Friends: Seeing as this is a financial forum and all, I wonder if any of the old-timers (ie, most knowledgeable) members of this board have any thoughts on something I've been mulling over....

Credit/debit cards (C/Dcards) are a relatively new innovation. As they were introduced, they came with obvious benefits for everyone involved; consumers, the industry, retailers, police, governments. They also came with an obvious (and very significant) risk of fraud and financial loss, and that risk would seem to have deterred people from using them. Getting consumers to use C/Dcards must have been a major goal for the industry.

And here we are about 50 years after the first credit card was issued. C/Dcards are ubiquitous and account for the overwhelming majority of commerce, on and off-line. Consumer adoption of C/Dcardshas been largely successful, to the point that it is now (not impossible but) extraordinarily difficult to live a 'normal' life without them.

One of the many ways that was effected was to assure consumers (via law and corporate policy) that fraud was not the consumer's problem, and that if their data was compromised, they would be shielded from loss. C/Dcard fraud is a huge problem for the industry; billions of $ are lost every year, but that loss is overwhelmingly absorbed by the financial/insurance industry. Now thatC/Dcard use is almost mandatory, the industry is in a position to begin shifting that cost over to consumers. They could do this the same way they established the system as it sits today - via slow and incremental legal and policy changes accompanied by financial incentives ("accept partial risk of fraud and we'll give you 10 miles/dollar instead of 2!")

Which is what I think will happen, prolly over the next 10-30 years. Consumers will end up owning the cost of fraud, and the transfer of wealth from low->high continues....

There's precedent for this: note that the transfer of planning for retirement has shifted from largely a corporate problem to an individual problem, starting with IRAs, then Roth IRAs and 401ks, then the gradual phasing out of corporate retirement benefits. This process started back in the 1970s, and we are now in a world where provisioning for individual retirement is (largely) the individual's problem. The winners in that process have been corporations, not individuals.

Any of the smart guys here know of any good reason why this might not happen, or any research/insights into this process?

Final note: I'm not suggesting some kind of "illuminati" conspiracy where shadowy central planners figure it all out, but rather that this is a process that that will happen because market forces and interests push it that way. Please; no conspiracists.
Personal Finance Deals
Auto Accident- At Fault Driver Has Same Insurance
Added on : Saturday December 21st 2013 05:00:08 AM
g: -1 Posted By: Kevo171
Views: 132 Replies: 0 My GF and I were sideswiped by someone this morning. The other driver is 100% at fault and was cited at the scene of the accident. GF's 1996 Civic was hit hard on the drivers side and is most likely totalled. We both have minor whiplash that hopefully won't get any worse.

The at fault driver was insured, but happens to have the same insurance as GF. GF already filed a claim with her insurance. We are waiting for a copy of the police report.

Having never been in a car accident before, we're not really sure what to do or what to look out for.

Should we be worried that the insurance for the at fault driver and our insurance is covered by the same company (Progressive)? Isn't it in their best interest to low ball the replacement cost of GF's car.
Should we consider seeing a doctor?We both have sore necks, but not having been in this situation before, we don't know if whiplash gets worse over time.
Is there anything else we should do or be on the lookout for?

Besides a ruined weekend, we're really bummed that GF's paid for FWF dream car is most likely totalled. ...and no, we're not really interested in a crown vic.
Personal Finance Deals
Bought a christmas gift, got 2
Added on : Saturday December 21st 2013 04:00:08 AM
g: 0 Posted By: Tegan
Views: 131 Replies: 1 I bought dad a pair of hearing aids for christmas and received a double order yesterday. I checked my paypal account and only found payment for one pair, and the company I bought from doesn't have my credit card. The shipping info emails I received both have the payment type as being cash/ pre-paid. I sent the below email to the company:

Hi,
I bought and paid for a set of hearing aids last week (left and right
ears), and received a double order today (1 set paid for and 1 set not
-- total of 4 hearing aids). My dad will try the hearing aids I bought,
but the other pair will need to be returned. Let me know the
procedure. Thanks

Received an email back from them today letting me know their system does show 2 orders from me. They then give me instructions on how to return the hearing aids and let me know there will be a 10% restocking fee... I'm assuming I'd have to eat the return postage and tracking number since the return policy makes no statement about that. I know when they do their books they'll get this straightened out... probably with sending me a bill in the mail, but I'm trying to figure out the best way to deal with it. -- I suppose if I return the extra set, I'll be out the shipping and they'll send me a refund that they will later want back. If I keep the hearing aids till they figure out the mistake they'll either bill me or expect them returned... my question would be who's going to end up paying the return shipping/ insurance/ tracking. If I end up doing it it will really take a bite out of the 10% discount code I used.
Personal Finance Deals
g: 0 Posted By: ryeny3
Views: 150 Replies: 0 The government has added a new "hardship exemption" from the individual mandateto people who received an insurance cancellation notice and consider the alternatives unaffordable. Although I am not advocating not buying any insurance, this exemption would allow the purchase of the catastrophic plans by people30 and older.

In some states the catastrophic plans may not be cheaper than other options. In NY, Empire offers a catastrophic plan for about $2,200 per year and a bronze plan for about $4,300 per year. One feature that this catastrophic plan offers are 3 PCP visits for $40 each BEFORE the deductible. Although the catastrophic plan has the least out-of-pocket costs, it also has the lowest maximum cost defined here as premium plus maximum out-of-pocket payments. In the best case the catastrophic plan costs less and in the worst case, it still costs less than Empire's cheapest bronze, silver, gold or platinum plans.

Link to announcement from the Centers for Medicare and Medicaid Services from Avik Roy's article:

http://b-i.forbesimg.com/theapothecary/files/2013/12/cancellatio...

Link to hardship exemption form:

http://marketplace.cms.gov/getofficialresources/publications-and...

I linked articles from Avik Roy and Ezra Klein about the latest change in the administration of the ACA. Although both write for Forbes, they have very different opinions of this law
.
http://www.forbes.com/sites/theapothecary/2013/12/20/utter-chaos...

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/12/19/the-o...
General Economics Deals
FHA loan vs. Conventional loan--which one is better?
Added on : Friday December 20th 2013 01:00:05 AM
g: 0 Posted By: dyslexiateechur
Views: 17 Replies: 0 I posted awhile back about owning several smaller rental houses but having issues getting financed for a larger house, due to medical collections. I was advised at that time to put it off for awhile, pay off my collections, and wait for my credit to improve on its on. I've done that and my credit is now high enough to qualify me for a mortgage.

We have found a house that we think we can pick up at a very good price that would fit our family's needs. I've turned in the paperwork, and now it's time to decide which route we want to go.

The house is listed at $159K, but we think we can get it between $120K and $130K. Our household income will be around in the $150K's for this next year.

Choice A:
FHA mortgage at 4.3% interest with $171 mortgage insurance required for the life of the loan. 3.5% down

Choice B:
Conventional Mortgage at 5.3% interest with $114 mortgage insurance required until we pay it 80% of the way down. 5% down.

We've got enough saved for the down payment, so that's not an issue.

I'm really thinking about going with B and paying it down to 80% right away. My husband thinks we can pay the house off completely within 3 years if we are aggressive, but with the fed getting ready to up interest rates, I'm not sure how wise that is.

Any advice would be greatly appreciated.
Health care obligation
Added on : Thursday December 19th 2013 07:00:11 AM
g: 1 Posted By: samandy
Views: 213 Replies: 2 Hi All

​I have a LLC, currently 2 member husband and wife ( no S corptreatment). I plan to buy a HSA small business health plan next year. At the same time , if I hire another employee for may company(full time)
​am Iobligatedto provide health insurance tonew employee as well? or allemployeesmust have health insurance if its a small business plan.

Thanks for your input!
Andy
Personal Finance Deals
Dr. Double-billing issue
Added on : Thursday December 19th 2013 07:00:10 AM
g: 0 Posted By: jj2292
Views: 51 Replies: 0 Can someone tell me if this is legal??!!

I had surgery (self-pay) with a doctor. He billed me for an additional surgery (never told me there would be an extra charge) that took place during the main surgery. I asked for them to put it through insurance to see what they would reimburse me, after paying $14000+ for the main surgery. I get reimbursed from the insurance company and pay the bill the doctor had given me. The doctor cashed my check AND now wants the insurance reimbursement check as well. He is out of network. Is this legal??? What can I do, if anything? They are now telling me they will add 50% to my bill if they have to put me in collections. WTF???!!!
Personal Finance Deals
Multiple Insurance Claims (Multiple Deductibles) - "One" Accident
Added on : Wednesday December 18th 2013 12:00:05 PM
g: 0 Posted By: mjohnson
Views: 132 Replies: 0 I was recently involved in a multiple car accident due to icy and snowy conditions in California.

My car slid off the road and hit the side of a hill. I was subsequently hit by a 2nd car that slid of the road as well. I also felt a 2nd impact (not sure if a 3rd car hit me, or if the 3rd car hit the 2nd car that was resting against mine).

Due to the conditions outside (snowing and safety), CHP had everyone stay in their cars (there were a total of 15-20 cars by the end of it) until they could get cars driving away or put on tow trucks and off the side of the highway. Due to these conditions, no information (names, insurance companies, etc) was exchanged between parties.

After informing my insurance (Wawanesa) I was told they had to open up 3 separate insurance claims, each with their own deductible (1 for when my car slid off, 1 for when I was hit by the 2nd car, and 1 for the 2nd impact my car had).

Does anyone have any experience in multiple car accidents and multiple claims each with a deductible? I would think one claim for the whole accident would be sufficient, not 3.....


Discussion Deals
Advise need, if I should put in cliam from Home Insurance
Added on : Wednesday December 18th 2013 09:00:07 AM
g: 0 Posted By: brreddy
Views: 130 Replies: 2 Thanks for looking. I have wooden flooring in the kitchen which has got damaged due to crack in the referigrator ice-maker plastic pipe that is behind. We had never noticed this until couple of weeks back when we had a party at home. Due to heavy usage of ice-maker, the crack seems to have got little bit wider and the water got into the flooring. We noticed this only next day, since I could see, some water seeping out through the crack between the flooring tiles. I think the cost of replacing the flooring the kitchen is about $2500 - 3000, I currently pay about $700 premium to my home insurance. I have never claimed anything from insurance for the past 7 years of home ownership. I am not sure, if I put in a claim, if it is going to impact my premiums to raise considerably next year;
And also, when I was searching online, I found claims related to flooring damage due to dishwasher malfunction. I am not sure, if the refirigerator is treated in the same way. If anyone has previous experience of putting in claim, it would be great, if you can share your experience in regarding to the damage and subsequent premium increases.

Personal Finance Deals
To Mortgage or Not to Mortgage
Added on : Wednesday December 18th 2013 09:00:07 AM
g: 1 Posted By: sweeterae
Views: 508 Replies: 5 I am a retired veteran 48 years old. My pension after taxes/dental/survivor benefit plan is about $1200 a month. Currently unemployed. My wife is 54 and makes about $10 hour/40hour week. We have medical/dental insurance. We just sold our home and currently have $126,000 in the bank with about $8000 in debt. We are fixing to buy another house for $99,900.00 and have arranged a 15 yr mortgage with a bank at 3.5% had to pay a point and 1/4 to buy it down to that rate. the payment with taxes and home owner insurance should be around $650 a month. Children are grown and out of the picture, we live simply. I will be getting a job but it may not be a major wage earner.

My question is does this make since and if not why? What would you do?
Personal Finance Deals
Financial Advice for Mid-Life(Crisis) Retired Veteran
Added on : Wednesday December 18th 2013 06:00:11 AM
g: 1 Posted By: sweeterae
Views: 333 Replies: 5 I am a retired veteran 48 years old. My pension after taxes/dental/survivor benefit plan is about $1200 a month. Currently unemployed. My wife is 54 and makes about $10 hour/40hour week. We have medical/dental insurance. We just sold our home and currently have $126,000 in the bank with about $8000 in debt. We are fixing to buy another house for $99,900.00 and have arranged a 15 yr mortgage with a bank at 3.5% had to pay a point and 1/4 to buy it down to that rate. the payment with taxes and home owner insurance should be around $650 a month. Children are grown and out of the picture, we live simply. I will be getting a job but it may not be a major wage earner.

My question is does this make since and if not why? What would you do?
Personal Finance Deals
What to Do.
Added on : Wednesday December 18th 2013 05:00:20 AM
g: 0 Posted By: sweeterae
Views: 93 Replies: 2 I am a retired veteran 48 years old. My pension after taxes/dental/survivor benefit plan is about $1200 a month. Currently unemployed. My wife is 54 and makes about $10 hour/40hour week. We have medical/dental insurance. We just sold our home and currently have $126,000 in the bank with about $8000 in debt. We are fixing to buy another house for $99,900.00 and have arranged a 15 yr mortgage with a bank at 3.5% had to pay a point and 1/4 to buy it down to that rate. the payment with taxes and home owner insurance should be around $650 a month. Children are grown and out of the picture, we live simply. I will be getting a job but it may not be a major wage earner.

My question is does this make since and if not why? What would you do?
Personal Finance Deals
Microsoft exec to oversee Obamacare website!
Added on : Tuesday December 17th 2013 08:00:09 AM
g: -2 Posted By: Marvinomatic
Views: 160 Replies: 5 After the Microsoft 12 days of Deals, fiasco, no one will be able to get insurance!

http://money.cnn.com/2013/12/17/technology/obamacare-website-mic...
Discussion Deals
Tenant Default Insurance paid off, surprisingly easy to claim
Added on : Monday December 16th 2013 04:00:09 PM
g: 1 Posted By: SoCalJohn
Views: 166 Replies: 0 I just had my first claim on a dead beat tenant that was not paying their rent on time. As a background, I foreclosed on a property where I was a hard money lender in the desert area of southern california, near palm springs. The property is an SFR built in 1973 and in pretty rough shape. I had a tenant in the unit that lost their source of income and gave me the 3 day notice that they were moving out. A couple of months went by and I had no action on the property. Then, I received a call from a company called Approved to Rent, they explained that they had a client that was interested, but was credit challenged and had previous issues. To insure that I would receive rent, they informed me of this tenant default insurance that guaranteed the lost payments in the event of a default. The tenant even agreed to pay $25 more in monthly rent to cover the $350 annual cost of the insurance. Over the course of 10 months, the tenant only paid the full amount due twice, she would claim repairs on the property etc. and deduct from the rent. I was lazy about sending her a pay or quit notice and kept hoping that she would turn around. Finally, she stopped paying rent altogether and I served a 3 day notice. She starting talking about her rights, legal aid, was I going to evict her etc. I agreed to not evict her if she voluntarily moved out and quick. She did and that is when I filed the claim. It was simply a 1-2 page form asking about the total amount of the loss, tenants name and signing an acknowledgement regarding fraud. On a property that was leased out for $875 per month, I received a $3005 check to bring me current. The policy covers up to $1000 in eviction or court costs, I had none. Has a 1 month deductible, which the security deposit covered and payment was prompt. The company is AON, here is more information. I took a picture of the check if anyone needs proof of payment.
Payments are made until you find a new tenant, more details can be found on the websitehttp://www.aonrentprotect.com/sites/Rent/Pages/Home.aspx

Question Deals
Tax implications - When is debt considered cancelled in a Deed In Lieu?
Added on : Monday December 16th 2013 12:00:08 PM
g: 0 Posted By: BocephusSTL
Views: 112 Replies: 0 My brother is going through a Deed-In-Lieu with BOA, and he is concerned about the potential tax liability if it's not completed by Dec. 31, because of the expiring Mortgage Forgiveness Debt Relief Act (MFDRA). They told him it's in the final stages of completion (post-closing dept.), but that it probably won't be fully completed for a couple of months. I'm hoping someone here might have relevant experience to determine when a DIL is considered complete for tax purposes.

The facts as he relayed them to me are:

His file is in the Post-Closing Dept. at BOA
The Warranty Deed where he signed the property back to BOA, and BOA's Deed of Release, have both been recorded with the county.
The post-closer said his incentive check is on the way.
He called the IRS, and was told that the determining factor for meeting the Dec. 31 deadline of the MFDRA expiration is that the debt must be cancelled by that date.
Post-closer told him she "thinks" the Deed of Release is the point at which the debt is considered cancelled, but she's not certain.
BOA still has to transfer the property to HUD, clear things off their books, report to CRAs, etc, which could take another couple of months.

The person at IRS told him that it's completely up to the bank as to when they consider the debt cancelled. The post-closer from the bank told him she "thinks" the recording date of the Deed of Release is what would be considered the date of debt cancellation in his case, but she wasn't sure. He is worried they won't consider it cancelled until it's fully off their books and reported to the CRAs. If that's after Dec. 31, the cancelled debt will be subject to taxes, which he can't pay so is obviously trying to avoid that situation.

Another question that came up when he talked to the IRS, could potentially make all of this moot. The IRS person told him that because it's an FHA loan,there technically won't be any cancelled debt because the mortgage insurance claim that will be paid to BOA effectively makes them whole. As a result, my brother won't be subject to income tax of the "cancelled debt". This kind of makes sense, but then again, it sounds too good to be true.

Any tax or legal experts here who can be any more definitive about these questions? I wore out my Google-Fu trying to get answers, but the only information I could find wasn't specific to these details.
Thanks!
Discussion Deals
g: 0 Posted By: limitsc
Views: 217 Replies: 1 I know this type of thing has been discussed at length on here and I have read a lot of it out of general interest (I am a new loan officer and try to learn when I can).

Still I am not 100% how to go about this situation, because I guess I thought when it came to stuff like this, the debt in collections was usually either valid where prior notice was given, or completely invalid (where the advice was usually to dispute and request validation).

In my case, I got a new job. Had insurance at old job, new job insurance didn't kick in for like 1.5 months. I take a prescription med, refilled monthly. A little over a month after starting my new job, it came time to get a refill. Honestly, I had no clue whether my old insurance was still active. I did ask several people, and was told that I would be notified when it was cut off. Still not 100% sure, I went to my pharmacy and spoke to them about the issue and whether I would have to pay out of pocket that month, which would have been fine...we are talking probably ~$200 vs the crappy $60 copay for that previous insurance. They said they would just submit it in their system and see, and once they did that they confirmed it was covered, no problem. I thought it was that simple, anyway. That was on 7/15/13.

Never heard anything else about it. By the next month (August), my new insurance had started. Also, I was on the phone with my old insurance several times around this time because I had to get a cert. of credible coverage. I am pretty sure I remember them saying they had not received notice of my cancellation and were going to do it at that point (because I had told them).

Fast forward to last Friday (12/13/13), I get a letter in the mail from RMS, what appears to be a collection agency. It states the INS company has placed my account for collection (for $130) due to overpayment on prescription drug coverage. It also says "They have sent you previous notice(s) on this account requesting payment." It also has a blank and asks me to furnish my phone number. So I am pretty upset at this, because I am 27 and started my credit when I was 18. I still have that first credit card that started with $250 CL and now is just south of $20K. I have over 35 accounts on my report without a single negative. Also, I would very much like to buy a house, hopefully in the next year. Also, I am pretty certain the INS company NEVER sent anything notifying me of this. The phone number they had on file was my parents' home number where I no longer reside, however I am certain that if they had ever called then my parents would have told me. I stop by weekly to pick up mail that still gets sent there also.

The only thing I have done so far is contact the original INS company today. The lady said that accoridng to her record, my coverage ended on 6/30, however they weren't notified until 7/28 which must have been why they approved the prescription on 7/15. She said I should have received notices, and could not explain why I did not and all she could do was apologize and tell me to call the collection agency. I don't care about the $130....if my coverage had ended then that's fine. My main concern is a collection account showing on my CR, but I feel like if I go ahead and pay the collector it will show up anyway. Does anyone have suggestions on how to proceed?
Question Deals
health insurance solution?
Added on : Saturday December 14th 2013 03:00:06 PM
g: 0 Posted By: honorabledeadbeat
Views: 56 Replies: 1 Our insurance company dropped our coverage because our plan was "non-compliant" with Obamacare and our state regulator said they didn't have to grandfather/extend it.

A "Bronze" ACA plan would cost us $630/month without subsidies. I have no idea how much money I will make next year but I probably will not qualify for subsidies. Still, it is a nice feature of that plan to know that if you don't make any money, you get part of your health insurance paid for in the form of a tax credit!

That being said, my existing plan has the same deductible as a bronze ACA plan for HALF THE MONTHLY PREMIUM!

Anyway, my solution to obamacare is to prepay for temporary, non-obabacare health insurance for the first 3 months of the year, ($2 million per person coverage, $5k deductible) for only $250/month. Then in early March I'll sign up for Obamacare (afterall, they have to take us no matter what!). There's even a chance that obamacare implodes and more free market plans come online.

The key is to be off of temporary insurance when the open enrollment window closes. Only use it when it is open.

Can anyone find any faults to my plan? It will save me $1200 next year and theoretically be just as good as if I were covered all year by the Bronze plan.



Discussion Deals
USAA -Auto Accident and repair shop SCAM?
Added on : Friday December 13th 2013 08:00:18 PM
g: -3 Posted By: ElephantNest
Views: 743 Replies: 26 I'll try to keep this short.

My employees were in an accident a couple of months ago, no injuries, other person's fault. Damage to my work truck was moderate. I call the other person's insurance (USAA) and file a claim. They tell me I can take the truck for a repair estimate to their approved repair shop (they have ONE out of 20+ in the area), a shop of my choice, or have someone from their company come out and estimate the damage. I agree to take it to their approved shop, since they are known locally for good repair work. They give me an estimate of ~$1300, which I felt was low from the moment they said it. I mentioned that, and they simply said if it ends up being more, we'll submit a supplement to USAA and they will pay for it.

This wasn't sitting well with me. I take it to the local GMC dealership, and they give me a repair estimate of $3600 to replace rear bumper, rear tail light, and repair and paint side of truck bed. He laughs at the $1300 estimate immediately. So I call USAA and inform them that I feel like they are trying to pull something over on me.....like funnel me into their one approved repair facility, then they give me an extremely low estimate so that I would: a) bring it to them and nowhere else since they're so "cheap", b) stop me from looking elsewhere for repairs c) stopping me from making an informed decision on if I want it repaired or not.

The truck is on '01 with fairly low miles, runs great, etc.

So I then call USAA to send in the other estimate. They tell me they ALREADY sent the $1300 check to the "approved repair company" even though I DID NOT approve it, accept their estimate, nor did I 'OK' the work, in any way, shape, or form. So after calming down, they assure me they can get the check back.....though the repair co. had already cashed it. So I have to wait for them to send USAA the $$ back, then wait for USAA to re-issue the check. I had to go over the original rep's head, because she rudely insisted that I cannot get a check sent to ME, only to repair companies. I told her this was BS because it was MY decision on if I even wanted to repair it or not. She just keeps talking louder, over my voice, won't let me speak, etc. I hang up on her, call back and demand a supervisor. The supervisor agrees to let me send in the new estimate, agrees to pay the difference, and sends out a check for $2300. Days after the woman I hung up on supposedly sent the $1300 check to me. So I get the $2300 check a few days ago, but NOT the $1300 one. They say it must have gotten lost in the mail, yeah, right.

Is this worth making a big stink over? I honestly feel that the repair shop knows exactly what they're doing. They give the ridiculously low bid to get them in, then submit their supplements, which USAA already told me they always pay.....so what incentive does the repair shop have to give anything BUT under-inflated estimates?? It gets people in the door, then they still get the $3600 or whatever they would "suddenly find" once there that would cost more than their $1300 original estimate. Like I mentioned before, the cost is so low one almost doesn't even consider NOT having the repairs done......

So I still have yet to receive the $1300 check, and this whole thing has left a terrible taste in my mouth about they way USAA and (more importantly) the repair shop does business. Though I think they know what the other is up to. I asked USAA for the records on the percentage of "supplements" the repair shop has submitted, and they don't keep those records, so they say.

Assuming I get the $1300 check in the next few days, should I do anything? Contact attorney to request repair records related to USAA and this particular shop? Let it go? Just fuming over the entire ordeal, and wonder how many others have been suckered into using their approved repair shops as requested by USAA.

Question Deals
Variable Universal Life Insurance
Added on : Friday December 13th 2013 05:00:14 AM
g: 0 Posted By: cobenthorn
Views: 159 Replies: 2 I have heard all bad things about this plan, but my financial advisor thinks it is a good idea. He is a fiduciary so supposedly no kickbacks.

I am 28 yo and have no retirement ye,t I am about to take a high paying job at $320,000 dollars a year. I am going to max out 403b with $17,500 with a $15,000 employer match. I amalso going to max roth IRA at$5,500 yearly. I currently have a 2 million dollarterm life insurance policy and I am rated atpremium plus basically as healthy as youget.I am going tosavean additional $4,000 dollars a month and since I am healthy my financial advisor thinks that a variable universal life insurance plan would be best since very little of this money would go to theinsurance part and the taxsavings would be worth it plus I could withdrawal prior to 59 1/2.

Everything I've read about these plans is bad, but my situation is somewhat unique. What do you all think should I go with this or is there a better option?

Thanks for the help.
Personal Finance Deals
USAA Auto Accident and SCAM?
Added on : Friday December 13th 2013 03:00:06 AM
g: -1 Posted By: ElephantNest
Views: 109 Replies: 6 I'll try to keep this short.

My employees were in an accident a couple of months ago, no injuries, other person's fault. Damage to my work truck was moderate. I call the other person's insurance (USAA) and file a claim. They tell me I can take the truck for a repair estimate to their approved repair shop (they have ONE out of 20+ in the area), a shop of my choice, or have someone from their company come out and estimate the damage. I agree to take it to their approved shop, since they are known locally for good repair work. They give me an estimate of ~$1300, which I felt was low from the moment they said it. I mentioned that, and they simply said if it ends up being more, we'll submit a supplement to USAA and they will pay for it.

This wasn't sitting well with me. I take it to the local GMC dealership, and they give me a repair estimate of $3600 to replace rear bumper, rear tail light, and repair and paint side of truck bed. He laughs at the $1300 estimate immediately. So I call USAA and inform them that I feel like they are trying to pull something over on me.....like funnel me into their one approved repair facility, then they give me an extremely low estimate so that I would: a) bring it to them and nowhere else since they're so "cheap", b) stop me from looking elsewhere for repairs c) stopping me from making an informed decision on if I want it repaired or not.

The truck is on '01 with fairly low miles, runs great, etc.

So I then call USAA to send in the other estimate. They tell me they ALREADY sent the $1300 check to the "approved repair company" even though I DID NOT approve it, accept their estimate, nor did I 'OK' the work, in any way, shape, or form. So after calming down, they assure me they can get the check back.....though the repair co. had already cashed it. So I have to wait for them to send USAA the $$ back, then wait for USAA to re-issue the check. I had to go over the original rep's head, because she rudely insisted that I cannot get a check sent to ME, only to repair companies. I told her this was BS because it was MY decision on if I even wanted to repair it or not. She just keeps talking louder, over my voice, won't let me speak, etc. I hang up on her, call back and demand a supervisor. The supervisor agrees to let me send in the new estimate, agrees to pay the difference, and sends out a check for $2300. Days after the woman I hung up on supposedly sent the $1300 check to me. So I get the $2300 check a few days ago, but NOT the $1300 one. They say it must have gotten lost in the mail, yeah, right.

Is this worth making a big stink over? I honestly feel that the repair shop knows exactly what they're doing. They give the ridiculously low bid to get them in, then submit their supplements, which USAA already told me they always pay.....so what incentive does the repair shop have to give anything BUT under-inflated estimates?? It gets people in the door, then they still get the $3600 or whatever they would "suddenly find" once there that would cost more than their $1300 original estimate. Like I mentioned before, the cost is so low one almost doesn't even consider NOT having the repairs done......

So I still have yet to receive the $1300 check, and this whole thing has left a terrible taste in my mouth about they way USAA and (more importantly) the repair shop does business. Though I think they know what the other is up to. I asked USAA for the records on the percentage of "supplements" the repair shop has submitted, and they don't keep those records, so they say.

Assuming I get the $1300 check in the next few days, should I do anything? Contact attorney to request repair records related to USAA and this particular shop? Let it go? Just fuming over the entire ordeal, and wonder how many others have been suckered into using their approved repair shops as requested by USAA.

Question Deals
40 and almost broke - need advice
Added on : Wednesday December 11th 2013 06:00:10 AM
g: 0 Posted By: Eagle357
Views: 370 Replies: 11 hello everyone, new guy here looking for some financial advice. this site was the first result from a google search for 'finance forum'.

anyway, story is that i am 40 yrs old with 3 kids. i seem to live paycheck by paycheck, and barely have anything left to save at the end of the month. i have been at my job for 10 yrs, but am thinking about quitting to pull out my retirement and start all over.

right now i have the following:
-$7500 in savings
-$130,000 in retirement
-$100,000 life insurance policy at current job

my debt:
-$10,000 credit card
-$4200 car1 ($270/mo. @ 6.8%)
-$12000 car2 ($330/mo. @ 4.5%)
-$15000 home equity loan ($220/mo.@ 8.8%)
-$123,000 mortgage ($1500/mo. inc. tax/ins. @ 3.8%, 10 yrs left, est. appraisal $160k)

i make enough to live decent, but i am not saving anything towards college education, emergencies, or anything. i have the option of staying at current job and paying down house and bills. or i can sell house and take out retirement. the 2nd option will allow me to pay off all bills, car notes, and be debt free completely and have about $105,000 left. i would have to reolcate and find another job though.

what would you do? i should say that i'm pretty thankful for what i have, but i feel i wasted 15+ years squandering money, a lot of which i had no control over and due to unexpected circumstances. thanks for listening.
Personal Finance Deals
g: 0 Posted By: attaallah
Views: 172 Replies: 0 Optimizer+plus CDs 1.15% APR for 15 MONTH on Balance $2000 or more,
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Investing Deals
Advice on job opportunity, financial planning...
Added on : Monday December 09th 2013 02:00:14 PM
g: 0 Posted By: peteron
Views: 386 Replies: 3 Hello FWers, my phd program is coming to an end, and I was recently awarded a postdoc fellowship at a govt research center located at mountainview, or silicon valley. The job will start in next April. Before accepting this offer, I have some concerns on financial arrangements. I was awarded a stipend of $64k, which I believe is non-taxable. My wife and 20 month son will relocate with me. Family insurance is shared between me and the research institute. I need to pay $167.55 monthly out of pocket. The insurance does NOT cover dental or vision.
About this job, I consider it a good opportunity - only the living cost is a concern to me. My phd program mostly produces scientists and professors. We donot earn 120k+bonuses like other new grads in the silicon valley tech companies.So this is not a discussion of 'why dont you find a better pay or go to industry?'. I mostly want to know how likely it is to maximize our living at (around) moutainview at my salary level.
My financials are: $20k in saving account. No student loans. No significant credit card debts. Car loan of $16800 with APR 0.71% (monthly payment is around $389). Car insurance of $472 for six months (Geico).We are not big spenders and always pay in full credit cards. I am thinking of starting to invest in stock in near future. My questions are, Is it like to rent a 2-bedroom or a big-size 1-bedroom at 1500-1800/month near the area? I will avoid the expensive places and a radius of 15-20 miles should be acceptable. Is public transit conveneient, so I can commute to save on gas? I will have to buy full coverage on the car since it is not paid off. I donot know how much would that be in MV. We usually go to Asian market to save on grocery, and I suspect this can be done at MV, am I right? Also I probably need to purchase dental and vision insurance by ourselves. Finally, there will be day care needs for my son... We are trying to save as much as we can, so we can start to own our own place once we settled down. Please give me advice or tips on how to arrange my finance at this new place.

Edit:
I am sure the stipend is not taxable, and should not have withholding.
Personal Finance Deals
Advice on job opportunity
Added on : Monday December 09th 2013 01:00:07 PM
g: 0 Posted By: peteron
Views: 48 Replies: 0 Hello FWers, my phd program is coming to an end, and I was recently awarded a postdoc fellowship at a govt research center located at mountainview, or silicon valley. The job will start in next April. Before accepting this offer, I have some concerns on financial arrangements. I was awarded a stipend of $64k, which I believe is non-taxable. My wife and 20 month son will relocate with me. Family insurance is shared between me and the research institute. I need to pay $167.55 monthly out of pocket. The insurance does NOT cover dental or vision.
About this job, I consider it a good opportunity - only the living cost is a concern to me. My phd program mostly produces scientists and professors. We donot earn 120k+bonuses like other new grads in the silicon valley tech companies.So this is not a discussion of 'why dont you find a better pay or go to industry?'. I mostly want to know how likely it is to maximize our living at (around) moutainview at my salary level.
My financials are: $20k in saving account. No student loans. No significant credit card debts. Car loan of $16800 with APR 0.71% (monthly payment is around $389). Car insurance of $472 for six months (Geico).We are not big spenders and always pay in full credit cards. I am thinking of starting to invest in stock in near future. My questions are, Is it like to rent a 2-bedroom at 1500/month near the area? I will avoid the expensive places and a radius of 15-20 miles should be acceptable. Is public transit conveneient, so I can commute to save on gas? I will have to buy full coverage on the car since it is not paid off. I donot know how much would that be in MV. We usually go to Asian market to save on grocery, and I suspect this can be done at MV, am I right? Finally, I probably need to purchase dental and vision insurance by ourselves. We are trying to save as much as we can, so we can start to own our own place once we settled down. Please give me advice or tips on how to arrange my finance at this new place.
Personal Finance Deals
Landlord Insurance Recommendation
Added on : Friday December 06th 2013 10:00:08 AM
g: 0 Posted By: ihad2buyit
Views: 101 Replies: 1 Hi Finance Community,

Currently looking to rent out my property in the Bay Area (California). For all the landlords out there, do you have any recommendations to Landlord Insurance providers out there? Usually, should it be cheaper than Home Owners Insurance for the same coverage? Just trying to gauge on what to expect when calling for a quote. Thanks.

Friend provided SafeCo (Subsidiary of Liberty Mutual) as a potential company - Anyone has any take on their reputation and coverage?
Real Estate Deals
Safest way to ship $1000+ in GCs
Added on : Friday December 06th 2013 06:00:09 AM
g: 0 Posted By: debtinator
Views: 20 Replies: 0 I'm sure that I'm not the only one doing this. I have been reselling gift cards, and often have to ship a larger quantity. Shipping the physical gift card pays significantly more 60-90 dollars per $1000, so I think its worth the hassle for 6-9% - shipping costs.

In the past I've been using USPS Registered Mail, but I'm wondering if that covers this loss, and also if Priority + Insurance would be sufficient. Also - if UPS or FedEx has a better option that would be great.
HSA/FSA mess up - need help fixing
Added on : Thursday December 05th 2013 04:00:08 PM
g: 0 Posted By: nagemnna2
Views: 170 Replies: 0 Good Day All,

I think I messed up with our FSA and HSA and I would like help fixing it if its even possible. We are both covered under the same health insurance plan. We switched from my employer's plan to his plan in May since his plan was much better. I have a dependent care and medical FSA though my employer. My spouses plan was an HSP with a HSA. I thought i read somewhere before setting this up that as long as I didn't double dip I could have both a FSA and a HSA, but everything I read over the last week says I can't unless its a limited FSA. I can't seem to find an IRS document to help me, any links are appreciated. Below is what we had/have and when we had it. My questions are: How bad did I mess up and what do I do now?

05-01-2012 - 04-30-2013

NOT HSPMedical/Dental/Vision Insurance through my employer for me + spouse - Ended 4/30/13
FSA Medical (Out-of-Pocket) Expenses though my employer Eligibility: 05-01-2012 - 04-30-2013 - contributed 900

05/01/13 - 12/01/13

HSP with HSAMedical/Dental/Vision Insurance through spouse's employer - for me + spouse- 05/01/13 - 12/01/13
HSA thoughspouse's employer- contributed 3000

12/01/13 and on

NOT HSP Medical/Dental/Vision Insurance through spouse's employer - for me + spouse - Started 12/1/13
FSA Medical (Out-of-Pocket) Expenses though my employer Eligibility: 05-01-2013 - 04-30-2014 - set to contribute 400 by 4/30/14
FSA Dependent Care Expenses though my employer Eligibility: 05-01-2013 - 04-30-2014 - set to contribute 5000 by 4/30/14


Personal Finance Deals
Payroll and health insurance questions for LLC
Added on : Thursday December 05th 2013 04:00:07 PM
g: 0 Posted By: samandy
Views: 88 Replies: 0 Hi

For a LLC(not being treated as S Corp):
1) Can I hire someone else on payroll?
2) Can I buy health insurance for employee but NOT for myself? I might get coverage through some other.
3) Will a company offer health insurance for just one employee?

Appreciate your input!

Question Deals
auto accident. wife in pain
Added on : Thursday December 05th 2013 04:00:06 PM
g: 0 Posted By: jblake86
Views: 143 Replies: 1 Earlier this week myself and my wife were going through an intersection and got hit by someone who in our minds ran a red light. Witness statements agreewith this. The accident Iitself iis going through due diligence. The problem I have is my wife has really sore legs starting today. She Iis in pain when walking up or down stairs or pretty much anything where her legs are used much. Normally I would just tell her to go to the doc and have it looked st. Problem is I just switched jobs and have no insurance until jan 1. What can the other driver be on the hook for and how should I handle this. I am by no means looking to screw anyone but without insurance (health) what are my options.?
Discussion Deals
Insurance claims that were pre existing conditions
Added on : Thursday December 05th 2013 03:00:06 PM
g: 0 Posted By: ridn4free
Views: 76 Replies: 1 I changed jobs and insurance companies this year, I had a injury in November and I got my last shot in January. I just want to pay the bill and add it too my deductible but the insurance called me and wants more info. Cant that just be added to my deductible or will that just be an expense I will have to pay ?
Question Deals
HDHP or Cash?
Added on : Thursday December 05th 2013 09:00:09 AM
g: 0 Posted By: hameshatumkochaha
Views: 119 Replies: 1 Hi,
I have HDHP insurance through my employer. For the last two years, I have been maxing out HSA and have not had a need to use money out of it thanks to good health.
If we want to visit a doctor for (A) small injuries / ailments which likely won't require repeat visits AND (B) repeat visits such as say pregnancy related,
then, for each scenario (A, B), what is a financially better thing to do: use HDHP-HSA OR cash?
The logic is: Say for this year (2013), if I use cash for scenario A, then HSA money keeps growing pre-tax. Hence cash option appears better.
For scenario B, can one use cash this year for say pre-pregnancy checkups and start using HDHP-HSA combo starting next year? I hope the insurance folks won't refer to the cash-visit as a "pre-existing condition" and hence deny coverage under HDHP...
Thanks in advance
Personal Finance Deals
Rental car in US less than 30 days:liability insurance from any credit card?
Added on : Wednesday December 04th 2013 02:00:10 PM
g: 0 Posted By: duna
Views: 70 Replies: 0 Friends say they decline all insurance for their car rental in the US for less than 30 days, because their credit card they used for paying for rental has rental car insurance coverage. I am confused : I do not know of any creduit cards that cover your liability coverage with such rental car being in accident and causing damage to an other car. Do you? ( Some mentioned AMEX cards--but I do not see liability coverage.) Any expert suggestions would be appreciated.
Car Rental Deals
USPS and possible small claims court.
Added on : Tuesday December 03rd 2013 01:00:06 PM
g: 0 Posted By: CptSavAHo
Views: 7 Replies: 0 Keep it short and simple.

I ordered a package from China through Aliexpress as goods for a part time and very profitable small business. The package cleared US Customs in early September. Initial tracking was fine, then it dropped off the map. Package reappeared in Atlanta, then a month later in CA. Now 3 months later it has not been delivered, and last tracking info was departing CA. 3 tracking inquiries with the USPS have resulted in zero progress, and I got one form email apology. Visiting the local post offices wasn't much more productive. They asked if it was insured, and I said no, and they are refusing to let me file a claim for the $260 value of the package. Now I would understand the insurance claim if it was damaged, or registered as delivered but not ever received, but this is a package they clearly lost. Any recourse through the postal system or any experience with a small claims filing? I can't believe that when I can show the goods purchased, the tracking through them and the clear evidence they lost the package that the claim would require that the Chinese shipper have purchased insurance.
Personal Finance Deals
Vibrant Pets 50% off all products. Cyber Monday sale
Added on : Monday December 02nd 2013 08:00:05 AM
g: 0 Posted By: titodj
Views: 84 Replies: 0 50% Off in all their products, use code "cybermonday"
www.vibrantpets.com



From their website: said:
Natural healing results you can see, and your pet will feel...
Is your pets diet more like fast food than gold standard? Are you tired of paying expensive vet bills for temporary solutions to chronic nutrition-based problems? Is your pets coat thick, shiny and lustrous or is it dull, thin, dry and brittle? What about his or her energy level? Could it be better, regardless of age?

At Vibrant Pets, we nurture your pets health, appearance and energy-level from the inside out because we believe that good nutrition is the foundation of vibrant health.

Our nutritional products are high quality and concentrated one scoop a day keeps the vet away.

With daily use, youll see noticeable results in your pets quality of life in two short weeks. Guaranteed!
The coat doesnt lie and neither do those bright and shining eyes!

For far less than 50 cents a day, treat your pet to the best health insurance nature can provide excellent high quality nutritional support from Vibrant Pets.
What Vibrant Pets will do for your pet!
Developed with small animal and equine Veterinarians, Animal and Human Nutritionists and Animal Feed Experts, Vibrant Pets has over 8 years of research and development along with 6 years in production. The results are in and reflected in the testimonials in this website, Vibrant Pets is proven to be:

- The Worlds Most Powerful All-in-One Pet Supplement in the world!
- The Worlds Most Effective Pet Supplement that helps alleviate most chronic and common health issues such as:
Depressed Immune System
Allergies
Arthritis
Lameness
Hot Spots
Excessive Shedding
Itchy Skin
Sores
Poor Digestion
Sensitive Stomach
Diarrhea
Poor Health
The World Most Cost Effective Pet Supplement For the average 70lb dog the cost is 58 per day or less than cup of a small McDonalds coffee. As the Testimonials on this Website clearly show, using Vibrant Pets will reduce your Vet bills.
The Worlds Best Guarantee See positive health results in 2 weeks or receive an immediate refund - no questions asked! Would your Vet return the money you paid if his treatment did not work in 2 weeks?
Have you tried test after test, antibiotics, and prescription food, even steroids to no avail? Then you need to try our unique Vibrant Pets Ultimate formulas designed to help maximize your pets health and performance on every level!

Maximizes your pet's health and performance on every level
Helps cure many medical conditions, even recurring issues and helps manage chronic conditions to maximize your pet's health
Provides the support your pet needs to maintain a healthy life
A healthy pet is a happy pet and a healthy pet has a happy owner
All this we guarantee
Trust your pets immune system to Vibrant Pets Ultimate Formulas
24 hour immune support small in size big in nutritional value
If you still have questions, please visit our FAQ page, read some of our client testimonials or simply navigate around our website and discover for yourself why vibrant pets will change your pet's life forever !


Pets Deals
please evaluate financial situation and advise?
Added on : Sunday December 01st 2013 03:00:17 AM
g: 0 Posted By: snsmith877
Views: 28 Replies: 0 Hi. I just joined this and want to ask you smart people for financial advice.
I'm 26, work in healthcare, 2 jobs, make about 50k. Have 9k in retirement savings, 1500 in emergency savings, I know that's not great but I paid off all my student loans a couple months ago. Since then I've been putting 17% in 401k. Emergency savings also was more but I had surgery last week and had complications, e.r. visit, hospitalization.. have no debt except for 3k in no interest medical debt from before I had insurance. I own my car.
I live with my boyfriend, the only bill I pay is water. I buy groceries a lot and gas in the car for work and whatever else. Boyfriend is kinda eccentric, saves money in a safe in his house. He makes way more than I do, has no health insurance, no debt, rents apartment, owns his own business and can never figure out how much taxes he has to pay. I've tried to b.s. him into marrying me so I can put him on my insurance but even I can't figure out if being married would save money or cost more in taxes etc. I did finally manage to convince him to get a credit card to start building a credit history.
Mainly I'm wondering if there's some kind of personal finance website for self employed people that you guys could recommend, and also what kind of retirement account he can get so he can get more return on investment than sitting in the safe. Right now the best plan I can come up with is to build my emergency fund back up and then just start saving twice as much money in my retirement account to make up for his lack of one.
I want to try to encourage him to manage his finances better but I don't feel like I have the knowledge to even give him good advice.
Personal Finance Deals
Condo Tub Drain Leaking Damage To Neighbor's Ceiling
Added on : Saturday November 30th 2013 09:00:21 AM
g: 0 Posted By: cdddazz
Views: 121 Replies: 1 I own a second story condo, there are no units above me. The unit below mine reported a leak in ceiling, above their tub, below my drain shower tub. I don't think HOA would play a role here as this is not a common element, and pipe is a drain attached o my tub. To replace, I will need to hire a plumber to cut through the drywall in the unit beneath me and fix the leak. I'm not sure what my insurance will cover yet since I won't be able to speak with an adjuster until Monday. My deductible is $500, but would obviously rather not go through insurance unless needed.

Am I responsible for repairing the leaking pipe or is this the neighbors responsibility?
If I am responsible for the above then am I also responsible for repairing and painting the neighbors ceiling as the plumber would need to make a hole to access leaking pipe.
Typically would my condo insurance cover any of this or would it fall on the neighbors insurance?
Personal Finance Deals
Claiming Long Term Disability?
Added on : Saturday November 30th 2013 06:00:09 AM
g: 0 Posted By: mastroadam
Views: 139 Replies: 1 Im asking a question for my mother-in-law from Portugal originally,
Im 47, Ive worked in New York since 1986, and I was diagnosed with stnosis. In addition I have tendonitis and plantar fasciitis on my right foot which makes my job as a nursing assistant very difficult. I am considering applying for disability, I have Unum short and long term disability insurance and in addition I have 1199 union benefits. I am planning to move to move to North Carolina early next year after I hit my five year mark as a nursing assistant so Ill have five years in the union. The disability covers about $1000/month and the union covers about 40%. What should I claim? What state should I claim it in? Should I wait till I hit my five year mark?Do I need any specific forms? Do I need a lawyer? I know nothing about this process so any other helpful tips would be appreciated.
Personal Finance Deals
Drop Insurance Claim
Added on : Friday November 29th 2013 10:00:12 AM
g: 0 Posted By: jaegermister2354
Views: 32 Replies: 0 All - I had my car vandalized and i filed an insurance claim expecting it to be much higher than 500 deductible. Now i found a Body Shop to do it for 650.
I think in the long run it may better to pay 650 and not file a claim, can i drop my insurance claim? Will it still be on my auto insurance record since i reported a claim?

Thanks
Personal Finance Deals
$749 WFG Title Refund check
Added on : Wednesday November 27th 2013 04:00:13 PM
g: 0 Posted By: psychtobe
Views: 154 Replies: 0 Just got a check for $749 from WFG Natinoal Title Company.

I refinanced with Loan Depot in June. We paid $1179 for title insurance at that time (lender only).

Is it normal to get a check for 2/3 of the amount of the initial title? The net amount we have now been charged ($1179-$749 = $430) seems very cheap.

I'm happy to cash the check if this is correct. Happy Thanksgiving to me!
Question Deals
Parking lot, hit and run. Q on insurance
Added on : Tuesday November 26th 2013 09:00:11 PM
g: 0 Posted By: sknvn
Views: 1 Replies: 0 Someone hit my car in a parking lot.
I have Amica, with $1000 deductible.
The insurance appraiser estimated the repair to cost $1400.
While I was debating whether to pay the repair on my own i.e.why get $400 and have a claim on my record.. I got a call from Amica that they mailed me a check for $400 .
I spoke to them and asked if my rates will go up, the agent said no (since it was not your fault).

Is there a way to make sure that this won't effect my premium? From the threads I've read over the years, my gut instinct says that is not true.

Separately, I am not happy with Amica for just sending the check without any discussion with me. I do want to get the car repaired since it is leased. I asked them for the approved repair shops and went to one of them today and asked their estimate. I was hoping they'll be close to $1000 so I can just pay. But they gave an estimate of $2200. The damage is a big dent in the rear quarter panel above the wheel.

Separately, Am I obligated to inform the leasing company? What do most people do when a leased car is damaged?
Got hit by car from rear in Los Angeles
Added on : Monday November 25th 2013 09:00:09 AM
g: -7 Posted By: cubbychicagolove
Views: 180 Replies: 7 Got hit by car from rear while driving in School Zone. I was driving in designated speed in School Zone as it was morning time. It happened in Los Angeles. a guy driving behind me started honking even there were 2 lanes, but I maintain my speed as it was school zone and very next intersection I had to take right bcz that's where I work. no major damage to car, no injuries to him. Few scratches to my car. but I am feeling pain in my lower back because of the jerk from the hit. I can walk, sit at my desk at work but there is pain.

we exchanged information, took pictures. I have medical insurance, but want to know what are my chances of getting it covered by that guy's insurance?
I reported the accident to my insurance company, and my insurance company contacted his insurance company. Now I need to wait for his insurance company to call me as mentioned by My insurance company.

any good help appreciated
Personal Finance Deals
Banks may charge to take deposits (FT)
Added on : Monday November 25th 2013 02:00:04 AM
g: 0 Posted By: tuphat
Views: 100 Replies: 1 From Financial Times article (link below) --

Leading US banks have warned that they could start charging companies and consumers for deposits if the US Federal Reserve cuts the interest it pays on reserves. Depositors already have to cope with near-zero interest rates, but paying just to leave money in the bank would be highly unusual and unwelcome for companies and households.

The warning by bank executives highlights the dangers of one strategy the Fed could use to offset an eventual tapering of the $85bn a month in asset purchases Executives at two of the top five US banks said a cut in the 0.25 per cent rate of interest on the $2.4tn in reserves they hold at the Fed would lead them to pass on the cost to depositors. Banks say they may have to charge because taking in deposits is not free: they have to pay premiums of a few basis points to a US government insurance programme.

http://on.ft.com/181lD4M
General Economics Deals
Buying a throwaway home for lot value at the beach?
Added on : Sunday November 24th 2013 03:00:08 PM
g: 0 Posted By: elptrainerny
Views: 0 Replies: 0 Looking to buy vacation home. Two investments have came up. Both are about same price, 340k in NY beaches..

-3/1 with large patio (could put 2nd bathroom there) but part of a share 4 unit building so HOA fees which covers garbage, flood, etc of $225/mo. No view but better location. Will make 15k summer, 3k winter.=18k total

-2/2 summer house (as no heat), with big backyard and view of bay. Will make 10k-11k/summer. The house is built on a standard lot size, so 5-10 yrs from now, I could put 300k house on it, and greatly increase income. A 2 unit would bring 35-40k/summer, another 5k in winter, etc. .The wild card is the bay can flood during a bad hurricane, and since it's a legacy house, there's no flood insurance avail.

Has anyone else bought a throwaway home for lot value?
Minor traffic accident but wierd situation - should we get a lawyer
Added on : Sunday November 24th 2013 06:00:08 AM
g: 0 Posted By: drpepper7
Views: 1 Replies: 0 Wife got hit by a speeding car after turning and the front right side got some damage. Both parties pulled on the side and the other driver (female) got out and started shouting obscenities and my wife asked her to relax. I reached and a police officer followed in a few minutes. Police officer got my wife's insurance/regist/license and her description. He then went to the other vehicle and came back in a few minutes and asked us to drive away as it may not be pleasant to watch the other driver being 'put down and handcuffed'. We went our way and when turning back from a distance we saw the lady being handcuffed. Wife is shaken and terrified if she could be blamed for anything and we are thinking if we need to call a lawyer. Any suggestions are appreciated.
Insurers Cut Doctors' Fees in New Health-Care Plans
Added on : Friday November 22nd 2013 06:00:11 AM
g: 0 Posted By: CollegeSavings
Views: 76 Replies: 1 As per WSJ, doctors' are getting paid less under new plan.
http://online.wsj.com/news/articles/SB10001424052702304607104579212450545926912

My thinking is reverse. More customers with insurance now, more money. As more people will have insurance now, they will visit doctors, hospitals more which will increase total revenue for them.

Do doctors like to complain in general or is it because their take home netis less now in reality?

General Economics Deals
Dental Insurance - Good or Bad investment?
Added on : Thursday November 21st 2013 01:00:06 PM
g: 0 Posted By: BenH
Views: 1 Replies: 0 So we are into Open Enrollment for 2014 at work.

My wife and I had our last dentist visits near the end of 2012.
Neither of us have any major issues (she had a cavity because she neglected the dentist for many years).
I hadn't been to the dentist in probably 3+ years and they said my teeth were perfect.

Last year I opted out of Dental coverage for my family (me, wife, 1 child under 2) because I figured we could go a year without a visit since we don't really need it.

I presumed that I would sign up again in 2014 so basically we would just "skip" a year here or there and save some money.

Looking at costs for 2014, I would end up paying about $500 for the year for coverage for the family. The plan looks like this:

$150 family deductible
Annual maximum benefit - 2K
x-rays/cleanings/exams - 100% deductible waived
basic services (root canals, filings) - 80%
Major services - 50%
Orthodontia (braces) - 50%, $1500 Lifetime maximum

I figure even if we decided to both go in for a cleaning, that's probably like what... $100-150 each? If we had one filling needed between us, that's another say $200.
That's your $500 right there.

But, in all honesty - I don't know if we even need to go in for a cleaning. I haven't had cavities in like 18 years and we are all more diligent about tooth care now.

My daughter is not even 2...and hasn't been to the dentist yet. We brush her teeth daily, and haven't had any issues (apart from well you know...teething!).

I think that we should probably take her in at least once this year...but I can't see that visit being more than $100.

I was leaning on paying for the plan this year (it is actually cheaper than last year, although our medical went up). But now that I am looking at the enrollment forms, I'm thinking..I should save the $500, pay out of pocket for my daughter and just hope the wife and I have no serious issues.

I'm basically making like a $1500 gamble because the maximum annual payout is only $2K, right? I feel it is a pretty safe gamble though, and I can save $3-400 bucks this year.

Convince me one way or another....
Diminished Value Questions
Added on : Thursday November 21st 2013 12:00:13 PM
g: 0 Posted By: JimBo1975
Views: 143 Replies: 0 My wife was in an accident last Saturday in which another driver ran a red light and struck our 2010 Impreza. The car was towed to a well recommended Body Shop that day, and they provided a preliminary repair estimate of ~$3100. The other parties insurance (Kemper) has already accepted liability and our insurance (State Farm) provided a repair estimate yesterday of ~$10100 (and sent a check for that amount minus the deductible). When I saw the repair estimate I was surprised that the vehicle would not be considered a total loss (KBB lists somewhere between 13k-14k private resale value) so I contacted State Farm today to try and understand the math they did to figure that out. They were not willing to really share any numbers other than that 65% of retail value is where they start to consider a total loss (which in this case would equate to $15.5k). When I mentioned that I was concerned that after repair of $10.1k the car would not be worth as much, they replied that I should contact Kemper about a diminished value claim. I had already done some reading on that topic (including several threads on this forum) and that path sounds like a lot of headache and wasted time (even though as a third party claim there is no restriction against it). The way I see it I have three options.

1. Proceed with repairs and go after Kemper for diminished value claim afterwards.
2. Don't repair vehicle at this shop, but take check and either try to find a cheaper Body Shop or sell the car as is for whatever I can get.
3. Contact Kemper before repairs are started and see if they are willing to pay me the resale value so that I don't have to deal with any of the above.

BTW, we were planning to sell/trade the vehicle next year so getting rid of it now would just accelerate that process a little. Appreciate any advice you have to offer...
Personal Finance Deals
buying home in the SF area
Added on : Wednesday November 20th 2013 05:00:16 PM
g: 0 Posted By: proflin
Views: 269 Replies: 5 Hi, I really could use some help here -- My wife and I have been looking around in the bay area and I've been trying to run numbers on what we can afford. Between the two of us, we'd be making about 200k and the homes are around the 1 Million range.

We plan to stay in the area for the long term and are trying to decide if this is a time to buy a place or not. Current rents would be around 3K.

I'm also wondering if it makes sense to put more money down (my parents are willing to help and we can put as much as 40% without too much stress). So, with a 600K loan, my estimates work out to monthly:
3K (Principal/Interest), 400 (Homeowners Insurance), 300 (maintenance/utilities), 1K (property tax) .. so that's about $4700 per month. We take home about 9,500 / mo with our current deductions. Is our housing payment too much? Our agent is saying we should factor in our tax deduction (33% federal, 15% california) making our monthly payment ~2400.

This is a lot lower than a comparable 3K rent. Am I missing something with this calculation?

My main concern is if one of us loses our jobs, will we be able to still live comfortably? I don't want to be stressed about cash flow...
.
Real Estate Deals
Asset protection for small landlords
Added on : Tuesday November 19th 2013 09:00:06 PM
g: 0 Posted By: chan101qua
Views: 30 Replies: 2 Hello guys,

Let's discuss about asset protection for small landlords. To be exact, I own 2 rental properties in my name. I know, some of you have already started to think I am stupid. There are several small time landlords like me in this forum. Let discuss our best strategiesto protect our asset. I'll list what I know here, and as I do my research & getting input from you guys, I'll update them.

Insurance:
- Landlord insurance (similar to home owner insurance)
- Umbrella insurance.

Land trust: (i.e. get a trustee, and you are the beneficiary)
Advantage:
- Cheap if you are capable & can do it yourself
- Offer privacy, help you hide the asset from lawyers trying to shake you down
- Possible to get a trustee at a different state, making it hard for lawyers to subpoena the trust

Disadvantage:

LLC:
Advantage:
Disadvantage:
- $800 a year fee in California, making it out of reach for most mom and pop investor

Limited partnership (i.e. 0.1% general partner and 99.99% limited partner)

Anything else?
Discussion Deals
Buying life insurance direct
Added on : Tuesday November 19th 2013 09:00:08 AM
g: 0 Posted By: sam008
Views: 110 Replies: 1 Guys

can one buy life insurance direct from a company like william penn and are there any downsides?
Also, I don't understand the diff between price term and level term as described here. Both seem to have a guarantee premium period of 30 years

https://www.lgamerica.com/wpquotesel.htm

Thx
Question Deals
long term disability insurance
Added on : Monday November 18th 2013 10:00:08 AM
g: 0 Posted By: sam008
Views: 83 Replies: 0 Guys

Is there a site like term4sale that provides life insurance quotes but for LTD?


Thx
General Economics Deals
CDHP vs PPO vs EPO
Added on : Monday November 18th 2013 02:00:05 AM
g: 0 Posted By: elptrainerny
Views: 13 Replies: 0 Does anyone have any feedback on the different medical choices with signup starting?

My annual health care spending on Drs is about $2000 (not counting what insurance pays). My company now offers 3 choices and I'm not sure what to do. Currently get EPO but just worried about no out of doctor option. Right now it doesn't affect me but wondering about future. So thinking about CDHP.


Brief Summary of Choices.
CDHP-$1000 deductible then 10% of visits In /30% Out - $1100 for yr
EPO -In Network Drs only - $1700 for yr, $40 copay
PPO -10% of visits In/30% Out -$1800 for yr



New User Question Deals
Gift of $7,000. Use it to pay down student loans or down payment?
Added on : Sunday November 17th 2013 12:00:07 PM
g: 0 Posted By: packers9626
Views: 144 Replies: 3 26 years old, $44,000 salary. I own a 2009 vehicle outright. Debts as follows:

Student Loan for $8235 at 6.8% ($110 monthly)
Student Loan for $6298 at 6.3% ($85 monthly)
Student Loan for $4985 at 5.3% ($64 monthly)
Student Loan for $1266 at 1.3% ($50 monthly)

I am contributing 6% of salary to my 401k. My company throws in another 4.5%. Monthly income from my job after taxes, health insurance, 401k, etc is about $2700. I also do side work with my buddy who owns a business and average about $300 a month from that.

This $7000 gift came from my elderly grandfather. Cut a check to all of his kids and grandkids, I don't want to know all the details, but they are basically giving away his money until it gets down below a certain level for tax planning purposes. Otherwise the government taxes it. He is in his late 80s, depression era guy who worked the same job for 45 years and retired with a good pension. Bought his (small) house for $6,000 in 1950, still lives there today.

I have some savings of my own, and with this gift, I am approaching $20,000 in money I could use for a down payment, Thinking I should just save up a little bit more and buy a place of my own. Target price range would be $120,000 to $160,000. The other option would be to just cut a check paying off my most expensive student loan ($110 savings a month). I am strongly leaning towards buying a place though.

What do you folks think my best option is?
Personal Finance Deals
HDHP Premiums in 2014
Added on : Saturday November 16th 2013 07:00:07 PM
g: 0 Posted By: redpoint5
Views: 77 Replies: 1 Back in June, I purchased an HSA qualified High Deductible Health Plan for my wife with a monthly cost of $92 (Portland, OR market). I researched the rates on ehealthinsurance.com, and choose the cheapest HSA qualified plan. We just got a letter in the mail saying premiums would go up in 2014. Upon further research, the cheapest HSA qualified HDHP I can find is $141. That is a 52% increase in just 1 year! What's worse, we have moved 7 miles, across the river into Washington, and the cheapest qualified HSA is $176; 91% more expensive than we were paying in 2013. Looking at other markets, LA for example, 2013 rates were $95. For 2014, they increase to $201!

I've already maxed her contribution for the year, and the rules stipulate that a HDHP must be maintained for the full 2014 year. FYI, she is a healthy 28 year old, and we currently have an annual household income of $60k.

How could rates have increased 112% in a single year? Why is there no news coverage of what appears to be a massive nationwide increase to HDHP premiums? What is the best financial move given our situation?

Discussion Deals
Custom Logo Business Mats Free Shipping DesignMyMat
Added on : Saturday November 16th 2013 06:00:13 AM
g: 0 Posted By: BossyBunny
Views: 256 Replies: 0 These are commercial custom welcome mats. They may be a good gift for b2b or businessman or business woman (lol) who has it all. After getting a free shipping deal in an email, I ordered one for a friend who has an Allstate agency and he loved it. I think that may have been a run on sentence....sorry. The 3 foot by 2 foot mat I selected was $89, which is the lowest price I found in my endless search for the best deal. The other sizes were much higher in price.
Free shipping link for the doormats

The one I ordered is in the insurance area. You can see the colors and finished products much better there. I think the tab for that is on the left side somewhere. Hope you find this helpful.
Decor Deals
How to effectively negotiate with credit card companies?
Added on : Saturday November 16th 2013 03:00:05 AM
g: 0 Posted By: ecohezzy
Views: 102 Replies: 1 I'm in debt with credit card companies. The why of how that happened is something I've reviewed extensively within myself through much soul searching, daily spending monitoring, counseling, reading advice on all kinds of forums, workbooks and books from the library.
What I need advice on, and hoping someone here can help me out with...is how to negotiate effectively with the credit card companies.
As of this date, I've not been late on a payment for any kind of bill in...gosh, I don't know...30 yrs?
But, things are what they are, and the end of this month will be the first time I'm going to have choose which bills do not get paid, I truly do not have enough money to pay all my bills.
The ideal strategy for me at this point, is to talk to 3 of my credit card agencies and ask them to accept a lower than minimum payment for the next 6 months.
I've run the numbers dozens of times, and it truly could work. Not saying that in 6 months everything will be fine, but that six months will allow me, if saving me 300 per month, the chance to get back on track (with working every bit of OT I can get).
A bonus would be if they didn't make a negative report, but at this point, I really can't get too concerned about my credit score.
What I don't want to pay late: Mortgage, Insurance, Auto Payment (unfortunately,, my car recently bit the dust, so I had to go buy a used one, no cash so had to finance).
I've read numerous articles and I think this is what I should do,, but if you have any other constructive advice, please let me know.
So, I figure I call them up, politely ask if the customer service rep I'm speaking to has the ability to lower payments or interest rates, if they don't, ask to speak to someone who does.
When and if I get switched to that person, I will ask to make sure they have proper contact information for me including email and phone, and I will ask how I can contact them in the future, getting their name and ID if possible.
Then I should be completely honest and explain that I've been their customer for X number of years, never late on payment, and without tears or excuses just explain that I'm facing the inability to pay all my bills.
Ask to have interest rate reduced, possible plan to pay them x number of dollars for 6 months, then back to normal.
I don't know if anyone has ever had any success with this course of action, if you have, I'd love to hear about it. If you haven't, I'd love to hear that also, thanks in advance.

Credit Deals
g: 1 Posted By: Silverthunder
Views: 115 Replies: 0 This was a post (below) by dshibb from several months ago. I set off trying to take advantage of it several months ago. after web form contacting/ emailing about 15 places and not finding anything, I put the project on hold. is it worth it for me to keep searching?
-----------------
Okay I've known about this for a very long time and I don't know why I haven't just come out and shared it with the FWF crowd this whole time.

The AOR happy crowd on here is always looking for good safe yield that they can drop short term money in right?

What if I told you that I was aware of a way to put down unlimited quantities of capital on something safer than a money market account that depending on your age paid out 2-3% guaranteed after a year and likely to yield 4%+ after a couple of years and didn't have any yield curve risk(like a MMA and deposit account)? This product also has cash available on about 2-5 weeks notice(if you're smart on how you handle it likely 2 weeks).

The low interest rate environment has created an anomaly in the single premium life insurance market. Interest crediting to permanent insurance policies is based on longer duration rates which are higher than short duration rates. There are numerous single premium products that back load their expenses allowing you to have a policy that turns positive almost immediately. You can abuse these vehicles as a short term place to drop cash and get higher yields than what you can get out of a deposit account. And this is all before taking into account that you also have a death benefit in case you pass away during the few years you're holding it.

Basically the game works like this. Due to interest rate environment strong early cash value products are getting interest rates associated with long term fixed income. You take out one of them drop in your cash and either when you need the money in the future or when short term rates(deposit rates) move up high enough to close the gap you surrender the contract and take your money out.

The counterintuitive part is that when you surrender assuming your under 59.5 you'll pay ordinary income taxes and 10% penalty *on the gain*. But if you were going to be putting money in a reward checking account, CD, etc. you would be paying ordinary income taxes anyway. Under this deal you get those deferred until surrender. So the key difference here is the 10% penalty, but since it only applies to earnings even after you account for that it's still a pretty good deal. If you're earning 3.5% on your money and surrender paying a 10% penalty the yield only drops from 3.5% to 3.15%. Still better than what you can get out of a normal deposit account. Furthermore unlike a deposit account the yield keeps on getting better year after year and is likely to be in excess of 4% after only a few years. If deposit rates stay low for a while that could result in some rather lucrative interest spreads over deposit rates.

Also, unlike a medium term bond fund you have no yield curve risk. If rates rise the bond fund falls. Instead the insurance carrier retains the yield curve risk on it's own balance sheet just like a deposit account and money market account.

For those of you asking 'Why don't I just take out policy loans instead of surrendering and paying taxes' the answer is that a single premium is practically guaranteed to be a MEC. That means that policy loans are still taxed as ordinary income. So since that is already baked in the smarter move is either surrender or combo of withdrawal and reduced death benefit. The small problem with the latter is that MECs are taxed on a LIFO basis which means that you would be withdrawing earnings first and basis would remain in the policy.

For those asking 'Why don't you take out a policy that has a long enough pay period to no longer be a MEC so you can get tax free loans?' well those things A) don't turn positive right away so you're taking a risk that short interest rates will rise canceling out the anomaly before you've had a chance to capitalize on it and B) If you use policy loans you have to keep rather large chunk in the contract long term to keep it in force; that weds you to holding it over the long term and if that's the case most people would be better off holding fixed income inside of qualified account negating any perceived benefit(hence why the usual advice to everybody is to only look at permanent insurance for what would have been fixed income holdings after you've maxed out all of your qualified accounts).


Few notes:
1) Make sure you don't take any product with surrender charges because you might be in and out within a few years.
2) The standard hold up for a surrender is that most carriers delay it and inform the agent of your intent to surrender allowing him to try to 'rescue' the policy by convincing you to not surrender if he wants. You can have that agent waive his right to hold up the surrender by a couple weeks. I'm not positive that every carrier will accept this, but when taking out a policy having a letter signed by the agent waiving his right to hold up the surrender should make the time period to withdraw your funds much shorter(a money market account holds up funds for a few days this would hold it up only for a couple weeks).
3) Particularly among products very competitive in the short term the commissions on doing this are very low. Usually it's in the 2-4% of lump sum amount and nothing recurring. That is low for any advisor used to either a lot more up front or an AUM fee that is paid out annually. You might notice agents not particularly that excited about doing this.
4) Increasingly insurance carriers have been increasing their commission 'clawback' periods. That means that an agent could have almost all of his commission clawed back if you surrender within a couple years meaning he now owes the insurance carrier. You may want to weigh whether it's worth it to inform the agent of your likely surrender down the road. If you're not it's likely you wont be able to ask for the letter I mentioned in #2, and just be stuck calling him to expedite the surrender down the road. Maybe you can work out some other arrangement so he isn't worried about doing all this work for you only to have his small commission clawed back in a couple years.


So essentially we're talking about arbitraging the interest rate market through a permanent insurance product. You get the risks of very short duration fixed income(like a money market account) while getting the yields more indicative of longer duration fixed income. The anomaly wont last forever; when interest rates rise the anomaly disappears and you surrender and move your money to something higher yielding.


Personal Finance Deals
Neighbor crashed into my tree
Added on : Friday November 15th 2013 06:00:06 PM
g: 0 Posted By: CycloneFW
Views: 145 Replies: 0 Need some advice on how to proceed. Neighbor looked down, coasted towards me and the dog, looked up, panicked, and took out the mailbox, wooden fence, and crashed head on to a tree that snapped/splintered and cracked/splintered two of five major trunks, with lesser damages to a third major trunk (it's one of those where it's not a single trunk making up base of the tree). Neighbor has USAA auto insurance and in North Carolina, property damage is required coverage. Got a police report and will call the insurance company tomorrow.

Having never dealt before with an auto policy to cover damage to something other than another automobile, I do not know how to proceed from there. Any thoughts and advice is greatly appreciated.

BTW, neither myself or the dog are injured (though dog is still shaking a couple hours later) and the driver only has minor injuries.
Personal Finance Deals
ACA (Covered California): Health Care as Individual or Small Business?
Added on : Friday November 15th 2013 12:00:09 PM
g: 0 Posted By: orky
Views: 97 Replies: 0 All this health insurance changes is really difficult for me to process. I have recently left a full-time paying job and am going at it on my own. For the short-term, it is just myself in my S-Corp with minimal expenses and income. Existing health care plans are expensive and I have purchased a barebones plan to ensure I have at least something.

So my question is, does it make more sense to set up a health care plan through the business to cover myself as an employee(and my spouse as a dependent), or should I just avoid it and go the individual health care route? If I go the business route, there are supposed tax benefits and perhaps the plans might be more beneficial. The individual route sounds like less headache.

Help! Thanks in advance.
Personal Finance Deals
g: 0 Posted By: khom
Views: 488 Replies: 13 I wasn't able to find any posts related to this topic in the forums, so I'm hoping I can get some helpful feedback on this.

I'm in the snow belt, along the north east, and have a sports car that I never drive in the winter. The ideal scenario would be to store the car for the winter, and drop auto insurance altogether until spring rolls around, when it is re-activated. (Let's assume there is theft/damage protection for the vehicle that is covered by property insurance.) For motorcycles (in most states), you don't have to surrender the license plates when you drop insurance for winter storage. Unfortunately, they don't do this for cars, as the plates would have to be turned in before your insurance carrier will allow you to drop coverage. When spring comes around, the car would have to be re-registered anew. What's worse, is that DMV makes you cough up 2 years of registration fees, and you can stand to lose the remaining portion if you attempt this.

Given this scenario, to avoid the hassle of turning in plates in the fall and re-registering for the spring, the insurance coverage can be dropped to the bare minimum of liability coverage. So, once spring rolls around, one would just have to re-adjust their insurance coverage.

Has anyone used this strategy? Is there a better way?

TIA

Discussion Deals
Save by reducing auto insurance coverage while car stored for winter?
Added on : Friday November 15th 2013 02:00:04 AM
g: 0 Posted By: khom
Views: 8 Replies: 0 I wasn't able to find any posts related to this topic in the forums, so I'm hoping I can get some helpful feedback on this.

I'm in the snow belt, along the north east, and have a sports car that I never drive in the winter. The ideal scenario would be to store the car for the winter, and drop auto insurance altogether until spring rolls around, when it is re-activated. (Let's assume there is theft/damage protection for the vehicle that is covered by property insurance.) For motorcycles (in most states), you don't have to surrender the license plates when you drop insurance for winter storage. Unfortunately, they don't do this for cars, as the plates would have to be turned in before your insurance carrier will allow you to drop coverage. When spring comes around, the car would have to be re-registered anew. What's worse, is that DMV makes you cough up 2 years of registration fees, and you can stand to lose the remaining portion if you attempt this.

Given this scenario, to avoid the hassle of turning in plates in the fall and re-registering for the spring, the insurance coverage can be dropped to the bare minimum of liability coverage. So, once spring rolls around, one would just have to re-adjust their insurance coverage.

Has anyone used this strategy? Is there a better way?

TIA

Discussion Deals
Predatory Credit Card Question
Added on : Wednesday November 13th 2013 10:00:09 AM
g: 0 Posted By: noelandres
Views: 130 Replies: 2 My father has a credit card that charges him about $25/month for some "fraud insurance". I noticed this charge a few months before and told him to cancel that, since credit card are supposed to have fraud protection by default, otherwise no one would have one (correct me if I'm wrong).

When he calls to cancel, they give him some BS about not being able to. Unfortunately, he has a big balance, and thus can't just cancel the credit card. I guess he could do a balance transfer and cancel the credit card then.

I asked if he remembers signing up for this "service" and he can't tell me if he did or not. I think they have charged him like $500 total for this service. My questions are:

- What is the best way to proceed?
- Can he ask for his $500 back? I think I read of a class action lawsuit against a credit card company for doing this exact same thing (if my memory is correct). Maybe he can sue them?

Thanks for the help.
Credit Deals
Need advice on renting out my primary home (Updated)
Added on : Tuesday November 12th 2013 04:00:12 PM
g: -1 Posted By: nasheedb
Views: 2820 Replies: 26 I'm the guy who is moving to Switzerland (http://www.fullofdeals.com/forums/finance/1300987). I am looking for some advice on renting out my primary home. Here are the details:

-Purchased the house in August of 2009 for $165,000 and I received the $8,000 credit, essentially bringing my purchase price down to $157,000
-Current value of the house is around $200,000
-It is in a cookie cutter neighborhood, and it is among the largest and most expensive in the neighborhood.
-I have a HEL at 3.99% fixed, 83 months left on the loan. Current balance $87,xxx

Monthly expenses (current):
$1214 - HEL payment
$424 - property tax (pay in full at the end of the year, this is the yearly cost /12. It will also be higher next year due to no longer being owner occupied)
$96 - insurance (pay in full, yearly cost /12)
$54 - HOA (pay in full, yearly cost /12)
Total: $1788

Property management fee will be 7% on top of this. I would need to charge at least $1925/month for rent just to break-even from a cashflow perspective, and that's before I take maintenance/repairs and vacancies into consideration.

I've had a realtor from the property management company advertise the house on MLS for $2000/month for the past 4 weeks. I've had 3 showings so far, which the realtor says is very low. When we set the $2000/month price, the realtor did a market analysis and said that price was fine. A week ago, a house that's very close to mine came on the market for rent at $1800 a month. My house is a little nicer on the inside, I have tons of landscaping work, I allow for pets on a case-by-case basis, I'm including all appliances, so I am adding a little bit of value compared to the other house, but probably not much. The realtor wants me to drop the price to $1800 a month. That would leave me in a pretty bad position from a cashflow perspective. I really don't want to go this low.

I'd like to try adding a bonus for the renter's realtor. Normally they get half a month's rent as commission. What if I were to increase this by say $500? That's 50% more than what they would get normally. Is this worth a try? Any advice is appreciated. I have to move by the end of December, but the sooner I move, the better.

I've also tried advertising the house on Craigslist for $1800 a month, but I haven't had any interest. A refinance is basically not an option, I don't want to deal with the headache of refinancing when I'm moving.
Personal Finance Deals
Any Co offering insurance product for Service line leakage
Added on : Tuesday November 12th 2013 10:00:09 AM
g: 0 Posted By: haramkhor
Views: 75 Replies: 5 I am looking for insurance coverage forService lines from the homeowner house to the property line. This is not covered either by Homeowners insurance and their water company. Several neighbors have gotten problems and had to pay for leak detection, yard dig up andregalement. The house is currently 30 years old and the original builder put in copper pipes.
Personal Finance Deals
car lease for s-corp use on personal name
Added on : Monday November 11th 2013 12:00:09 PM
g: 0 Posted By: ucbus
Views: 48 Replies: 0 I own a S-Corp and I am planning to lease NISSAN LEAF for 100% business use. I have a second car which I can use for personal use.

Can I take lease on personal name and have the lease payments/services paid by my S-corp?
Why do I want to do this?

Can get better rates on insurance
Can get state rebates on my name
Can have tax write-off for the lease payments, insurance payments since it is company expense.

Now the question I ask, is it doable? Can I have my S-corp pay the lease payments when the lease is on my name? If it is doable, how to do it and what records do I need to keep?
Thanks

Personal Finance Deals
Young and Healthy... How to Approach Obamacare?
Added on : Monday November 11th 2013 07:00:07 AM
g: -1 Posted By: ChoctawBingo
Views: 141 Replies: 4 I'm healthy and 30. I have no employer offered insurance and my state (VA) has not participated in Medicaid expansion (so I don't qualify)... though our Governor-Elect is in favor of it. I don't qualify for federal subsidies since my income is too low.

Options:

1. Got a letter from my current insurance company offering to extend my current high deductible catastrophe plan until December, 2014 for $41/month ($7500 deductible / max $13,000 out of pocket).

2. Eliminate all coverage and pay the penalty of about $100. If I have an expensive healthcare need, I guess I can just buy an exchange plan at that time and expect coverage?

3. Get a plan from the exchange. I navigated the website this weekend for the first time (can't believe how terribly designed it still is!) and my cheapest plan was just under $200. I see no reason to go with this. It looks like a terrible deal and the Obamacare exchanges are designed to screw people like me, so it would be best to avoid it.
General Economics Deals
advice about car accident and friend's insurance company
Added on : Sunday November 10th 2013 02:00:06 PM
g: 0 Posted By: honestabe1
Views: 159 Replies: 4 Looking for advice about a situation that recently happened. Wife was the passenger in a rental car driven by our friend. The friend rear ended someone and my wife broke both her hands when the airbag deployed. Thankfully everyone is ok otherwise but my wife had to have a surgical pinning of her broken fingers and could not work for 4 weeks. She is now having physical therapy.

Our friend was found at fault as a ticket was issued by the police. Wife's medical expenses were covered by workman's comp bc this trip was work related but will not cover her time lost from work.
Friend's insurance company did call and say something vague about "covering pain and suffering". We do not want to sue our friend and we thought we'd take anything that was offered by the insurance company (nothing offered as of yet). Our friend is worried if we take any money he thinks insurance rates will go way up. We would probably be OK without any money

Will the insurance company offer any compensation? What is the time course for these things?

If we accept an offer will the rates for friend's insurance go up even higher?

Personal Finance Deals
Help Service Connected Veteran and HSA
Added on : Friday November 08th 2013 04:00:12 PM
g: 0 Posted By: headfuzzy
Views: 13 Replies: 0 I have tried to read all I can about HSA and using the VA. Is it true If I go into VA for Service Connected Treatment I get blocked from making or using my HSA? Something about a 3 month waiting period before I could access the HSA. My insurance and family HSA and someone gets hurt other than me while on waiting period how would that be handled?
Question Deals
USAA Bank ACH error; difficult solution
Added on : Thursday November 07th 2013 01:00:07 PM
g: 0 Posted By: UncaMikey
Views: 2 Replies: 0 The USAA Bank thread is archived, so I'll start a new one.

I noticed two ACH withdrawals in my USAA checking account, totaling a bit less than $100. They were payments to an insurance company with whom I've never done business, and the "customer name" in the details was someone I've never heard of, a name not in any way similar to mine. The only thing correct was my account number.

Thinking that this was easily fixed, I called USAA. They said they would not begin an investigation until they received from me a signed statement that the transactions were not authorized, after which it could be 5-10 business days before I got my money back. Even worse, they would only accept the signed document via fax or snail mail.

I wrote USAA complaining about the way they were handling this. If they can accept scanned checks for deposit, why not scanned documents attached to an email? They responded and said yes, I could scan the form and send it in via email. They attached the form to be completed -- it has to be notarized! I've written again to complain about this additional requirement, but no response yet.

Anyone else have this much trouble fixing errors/frauds in their USAA checking account? Shouldn't ACH transfers match up names in addition to account numbers? Someone else makes a mistake and I have to go find and pay for a notary?
adding new car to existing insurance policy discount
Added on : Thursday November 07th 2013 05:00:07 AM
g: 0 Posted By: lifesustain
Views: 119 Replies: 2 Hi buying new car and trading old car. My question is while adding new car can I ask for more discount? New car comes with lane assistance and some other security stuff. I already have 1 other car so total of 2 cars. Allstate is my insurance company. Thank you.
Personal Finance Deals
Avoiding Obamacare in 2014 by signing up for insurance by 12/15/13
Added on : Wednesday November 06th 2013 10:00:04 PM
g: 0 Posted By: sitz121
Views: 4 Replies: 0 Most carriers are ending policies that don't comply with Obamacare on 12/31/13, which will require people who buy insurance after that date to buy a compliant (and thus more-expensive plan.)

Possible Loophole: Buy a non-compliant policy from certain companies by 12/15/13 and it should be good until 12/31/14. Be careful though to buy one that will not terminate on 12/31/13. As best I can tell, all post 3/15/2010 plans from any provider who is now on the Exchanges will terminate. ("Covered California, the state's health care marketplace, required companies selling policies on its exchange to terminate all non-grandfathered policies by Dec. 31")

The only non-ACA company I found was Cigna http://www.cigna.com/individuals-families/health-insurance-marketplacewhich explains, "Not ready to shop for a new 2014 plan? If you have or want to enroll in a 2013 Cigna plan and do so by December 15, 2013, you can keep it through December 31, 2014. After that, we can help you enroll in a new plan." Online quote:https://cignaindividual.com/public/Quoting/Individual/EnterQuoteCriteria.aspx

Also, of course if you qualify for low-income subsidy you're probably better off on the exchanges.

Thoughts? Anyone know any other companies that this trick will work on in California?
Discussion Deals
g: 0 Posted By: bighitter
Views: 150 Replies: 2 Per the wall street journal,

"Federal lawmakers and state officials are stepping up pressure on insurers to allow consumers whose coverage has been canceled in response to the health overhaul to keep their policies beyond the end of the year.On Tuesday, one of the largest regional health plans in the nation, Blue Shield of California, said it would relax its stance on terminated policies for about 115,000 people after state regulators demanded it do so. Customers now will have until March to decide which plan to choose for 2014, a three-month extension. Because the newer plans generally cost more, the extension could save residents as much as $28.6 million on premiums, said Dave Jones, California's insurance commissioner.'

For reference the entire article here: WSJ Online

If the lawmakers are pressuring insurers to extend existing insurance policies, should we assume that they expect the government's healthcare website won't be working properly before year end?
Discussion Deals
Home Insurance asking for repair proof for uncovered incident
Added on : Wednesday November 06th 2013 08:00:21 AM
g: 0 Posted By: wishforme
Views: 196 Replies: 2 During severe rain my basement got flooded. Although we were aware that our insurance does not cover this incident, we called them to confirm it is the case. Once insurance company confirmed that it is not covered we stopped the communication with insurance company. Fast forward 3 months and now I got letter from my insurance company stating that they need proof of repair in terms of photograph. Letter suggests that if we don't provide proof then they may cancel or stop renewal of my policy.

Current situation of basesment:
Currently we have removed all the damaged things(carpet and drywall) from our basement and it just has wooden subfloor and metal stud left in the basement. We will take time to complete refinishing since we are in the process of exploring various options.

Questions:
Could someone suggest what I should communicate with my insurance regarding this matter? I thought about getting insurance from other company but I am sure that they will ask for inspection of house.
Is that ok if I project my basement as unfinished one till I get it refinished? Any pros and cons with this?

Personal Finance Deals
Insurance and Contractors Miscommunication
Added on : Wednesday November 06th 2013 07:00:11 AM
g: 0 Posted By: sharpie130
Views: 140 Replies: 0 Long Story Short

*Jets cracked in Jacuzzi tub destroyed wood floors, cabinets in Chicago Condo (Issue is cabinet project)

*Bought unit dirt cheap (40k sight unseen and to my surprise it was pretty pimped out with wood floors, maple cabinets. previously purchased for 250k)

*Insurance was 50k and I was at 45k. (probably should of been higher but i was being stupid. Forgot all works needs a liscensed and bonded company. I have a construction foreman that's retired that does a lot of work for me dirt cheap in the burbs usually so that would be more than enough in most cases)

*Cabinets were salvageable/use-able but contractor tried to get more out of it and recommended new cabinets (I said okay as insurance will pay for it)

*Mis-communication between contractor and state farm. Contractor thought he had go ahead but project was additional 6k above 50k(They never discussed policy limits etc etc). He already took out cabinets and broke them down(threw them away). He said I was stuck with the bill even though this is not something I approved or agreed paying for. I am paying for my tenant's hotel right now at 100$ a day so I do need something done quick.


My question is what is the best way to handle this. Changing out the cabinets was more of a luxury than a necessity as It could have been salvaged (sent picture to other contractors). My agent is saying sorry I can't pay out anymore and my contractor says sorry I already took out cabinets and we need ones purchased and installed.

Any advice would be helpful~

don't mind paying but would rather not
Personal Finance Deals
Life insurance - inflation-adjusted value
Added on : Tuesday November 05th 2013 04:00:07 PM
g: 0 Posted By: sam008
Views: 63 Replies: 0 guys

spent the last hour reading multiple threads on life insurance and one big question isn't covered. I've used calculators, assessed our life situations and for both me and my wife in our early 30's, 500k for each makes sense. But that is today. NOW, here is my predicament
1) if either of us were to use these policies within 10 years or so, it would make sense and help out quite a bit
2) But after the 20 year mark, these policies really don't hold much value. In 2033, 500k would adjust to about 300k after inflation which really isn't helpful. In 2043, it would adjust to about 180k which is quite terrible. Think about what you can buy for 180k in a major US city today

So my question is - should I take into account inflation for the mid-point of the term? Are most people overlooking this?

Thank you
Question Deals
Rear-Ended in CA
Added on : Tuesday November 05th 2013 03:00:07 PM
g: 0 Posted By: RWAnderson72
Views: 204 Replies: 7 Last Thursday, Halloween, I got rear-ended on the freeway in California. I called the police, and called my insurance company, and I've set up an appointment with my insurance company's Body Shop (I'm fine with their choice) to repair the damage to my rear bumper. I'm guessing it will be at least $1,500, though I don't know. I had similar, but somewhat lesser, damage to the same area of the car about seven years ago that cost $800 to fix, and this damage is at least twice as extensive.

Her car was totaled and barely driveable (though it did drive when the CHP asked her to move the car to the shoulder), while I sustained merely cosmetic damage.

As far as I know, no one was injured. I'm not going to pretend to have been injured when I wasn't. I wasn't even thrown forward, and my seat-belt didn't deploy, much less lock. I think most of the kinetic energy of the crash went into damaging my rear bumper, her car's front end, and giving my car a bit of a push forward. I suspect the fact that I was accelerating at the time may have minimized the damage to me and my car.

I'm going to let my insurance company deal with subrogating the claim--I don't need the possibility she might lie to her insurance company about how it happened, leading to a year-long headache. I have no problem paying the $500 deductible and, hopefully, I'll get it back later.

I'm wondering about who pays for a rental car while my car is being repaired. I don't have coverage on my own policy for that. If I decide to rent a car, how do I go about that and not winding up paying for it myself?
Personal Finance Deals
insurance plans offer fertility treatment benefits?
Added on : Tuesday November 05th 2013 12:00:10 PM
g: 0 Posted By: needhelpplease
Views: 88 Replies: 1 Do anyinsurance plans offer fertility treatment benefits?

We had a still born child @ 8 mo.s and are having difficultly conceiving naturally. Does anyone know/ have an insurance plan that covers fertility treatment? (IUI or IVF)

Our employer gave me this so I might try buying insurance on my own...The PPO/HMO/HSA policy states: 6.30 Infertility Services
Diagnostic services rendered for infertility evaluation are covered. Any
medical treatment and/or prescription related to infertility once
diagnosed are excluded by the Plan.The Flexible Spending Acount for healthcare benefit indicates the following:*Please note, all "potentially eligible expenses" require a letter of medical necessity from your health care provider in order to be considered eligible for reimbursement. The letter must include the diagnosis for which you, your spouse or dependent are being treated, along with specific information on how the product or service is intended to alleviate symptoms or improve function. The letter will remain on file one year from the date written.Fertility Treatments are listed as "Potentially Eligible". The online chart indicates: "Will qualify to the extent that procedures are intended to overcome an inability to have children due to medical reasons and are performed on you, your spouse or your dependent."
Personal Finance Deals
How to get the maximum out of an auto insurance claim
Added on : Tuesday November 05th 2013 07:00:17 AM
g: 0 Posted By: minghi
Views: 100 Replies: 1 hi, my car was parked on the street in front of the house and my neighbor backed into it while reversing his car from the garage. he knocked on my door and was honest about it. we exchanged insurance information and i contacted his insurance company and they sent an adjuster out to look at it and gave an estimate for $2985. I took my car to an manufacturer authorized Body Shop and they gave me an estimate of $3290. anyways, I contacted the insurance again and they said that's the maximum they can pay out since it was given by their adjuster. If it actually costs more, then I've to give it to the Body Shop and they will deal with them directly. Is there any way I can push for more? I did take some time off work to get the estimate. thanks
Personal Finance Deals
Starting New Job, Working Out Logistics and Seeking Opinions
Added on : Tuesday November 05th 2013 04:00:12 AM
g: 0 Posted By: Dus10
Views: 0 Replies: 0 Well, an opportunity and its timing have finally worked themselves out for me to make an employment move. I have been working at my current employer for nearly 4 years and it has been a tremendously positive experience. When I started, it was a 15% pay increase and had some requirements for higher end industry certifications for which they funded training. Over the years, I received good reviews with a carrot of promotion which eluded me because I took on our biggest project and it left me without any time for some of the new duties I would have in addition to it. In addition, they paid for about 4/5 of a masters degree for me and most of that has rolled off of the tuition payback timetable. Each year I have had at least one job offer that was for significantly more money, but the benefits were less; while it came out positively for the move, I decided to stay because of the short-term costs of paying back my tuition that would have been more significant and I felt I was doing good work that would benefit me into the future. This year, I have had three job offers and this latest is a good opportunity, I believe. The pay is slightly less than other opportunities, but it has a better bonus potential and benefits that are very close to what I have now.

So, I have some logistics to work out assuming I accept the offer (which is my plan). First, the new employer has a 30-day waiting period for insurance. This is a big deal for me as my wife has been ill for many years. The last time I had a small gap in insurance, it was a big deal. The new recruiter thought that perhaps my current employer would have my coverage through the end of the month, so I could have my last day be at the beginning of the month and it would give me that month to absorb those 30 days. The timing isn't working out well, though, as the next orientation opportunity would be Dec 2nd, making my last day Nov 29th. Is the "through the end of the month" common? I will definitely get the information from my insurance company to see. I would hate to do it, but perhaps I should schedule my last day to be the end of the first week, and just call in that week? Honestly, I don't like it, but the insurance is a big deal. What other options, besides COBRA do I have? COBRA is ridiculously expensive. Maybe ask for a sign on bonus that would cover COBRA, or leaving something equivalent to the premiums I would be paying with the new insurance?

Now, I still have some tuition reimbursement to pay back, but it is relatively small compared to what it would have been earlier in the years ($12k then, about $3k now). I have a full month of PTO accrued which will be enough to cover that and still give me a few thousand after taxes are taken out... so it mostly works out like a bonus.

Now, both companies offer professional services, though my new company also sells products (for which my current employer is in a partnership with them for). In these situations, how amenable do you think be current and future employers would be to working out an arrangement for my old employer to subcontract my new employer for me to continue work with them? My current employer is a federal contractor and I have privileged access that would be active for several more years. They need someone to fill my role for the next several months until the system I am supporting is outsourced. The contract they are on expires next year, so perhaps it is in their interest to have me continue to work (perhaps 50% instead of 100%) with them. My current employer offers this same kind of service and they have plenty of work, but my current utilization is 100% (meaning I must be billable for 8 hours a day each working day of the month or use flex time or PTO to cover the difference), but my new employer only requires a 65% utilization to meet bonus. I could walk in the door and have 50% of my time full utilized and take on the new work that they have for me and effectively be at 100+% utilization (more than full-time). This would have me exceeding my standard bonus requirements and get me the maximum eligible bonus. Granted, these two companies are in partnership... so they work together already, and my current contract is a foot in the door that is leading to a much broader partnership. I would like to pursue this, but if anyone has experience diving off of something like this, I would greatly appreciate your insight. I would imagine I should ask my new employer first if they would even have interest in that (I can't imagine they wouldn't... they are in business to earn money). Then, if things are doable, as the current employer when I hand in my resignation.

Now, there is a chance that when I hand in my resignation that they will walk me out. However, this has never been the case so far with folks that are leaving on good terms. It would actually work out favorable for me if they did, as they would be terminating my employment at that point, meaning I pay back none of the tuition reimbursement and I get severance. This happened to a former coworker as he gave them a resignation that was two months into the future, and they ended it within two weeks, but things were going downhill for him for a while, which is the reason he left. The difference for me is that I am on good terms and my boss has actually been hoping to get me to work on another contract with him. If I could get them to have me work with them on a continued basis on this current contact, perhaps that could extend to a new contract.

What are your thoughts? Thanks FWF.
which state to register my car waterbury, CT or Queens, NY
Added on : Sunday November 03rd 2013 04:00:08 PM
g: 0 Posted By: davidbeckham
Views: 35 Replies: 0 I work in waterbury, CT for weekdays but go back to my parent's place in Queens, NY for weekend. All my mails go to NY and I don't have utility bills under my name because I share a house with 5 other roommates. Where would you register you car? Mine is currently registered in PA and will expire in May next year. I heard that if i get pulled over in NY for traffic violations I wouldn't get points with a CT license. Another thing to consider is that CT may be more expensive than NY for vehicle registration and I don't know how auto insurance compare in waterbury vs queens. TIA for you advice.
Question Deals
Advice for a 24 year old - what to pay off and how much to save?
Added on : Sunday November 03rd 2013 11:00:06 AM
g: 0 Posted By: ucb11
Views: 89 Replies: 0 Here's another "what should I do about my finance?" thread.
I'm looking to save enough to buy a condo/small house (hopefully in a year or two) and trying to position myself to get there, here's some info about me and what I'm currently doing. Any suggestions on savings/paying debt would be much appreciated!

Me:
- 24 years old
- Got a master's degree right after undergrad, work in banking/investments
- Moved back in with the parents
- Income of $40k base + approx $11k in commissions (not sure what raise/bonus will look like until next month, 401k matching and pension based on base salary only)
- Net take home pay is about $2,700/month (after insurance, 401k, ESPP)

Retirement:
- Contributing 8% toward Roth 401k, or $270/month, employer matches dollar for dollar up to 5%, but deposits to Trad 401k account (Current Value: $10k/ROTH, $10k/Trad)
- Employer also contributes 4% of base salary toward pension and earns 4.5% interest

Savings/Investing:
- 18% of paycheck toward savings or about $475/month (Current Value: $11k)
- Invest $100/monthly into mutual funds (Current Value: $4k), $50/month into ESPP

Expenses:
- $220/month - cell phone for 5 lines, contract ends soon will switch plans to get it down to $150/month
- $90/month - auto insurance
- $150/month - gas
- $55/month - parking
- $400/month - auto loan ($8,800 remaining, 2.41%)
- $350/month - federal student loans, on the extended repayment plan (I budgeted for paying on the standard plan but like the idea of having a lower monthly minimum payment and can use the "difference" toward paying down individual loans instead of having it all allocated evenly
LOAN ORIG LOAN AMT CURRENT PRIN BAL RATE MONTHLY PMT 1 12,000 13,360 6.80 95 2 12,000 12,810 6.80 90 3 8,500 8,380 6.80 58 4 8,500 8,380 6.80 58 5 3,969 3,900 6.80 28 6 2,454 2,400 6.00 17
Questions:

Student Loans: I know the smart thing to do would be pay down the student loans as quick as possible due to the higher rate. However, I was planning on using bonus/tax refund to pay down/off the auto loan in the next 6 months to free up cash flow. I would then use that extra cash flow and direct most/all of it toward paying down the student loans to knock them off one at a time. Otherwise I'd have about 22 months remaining on the auto loan. Is this a dumb idea?
Savings and Mutual Funds: more or less?
401k Contributions, should I switch to Trad or some combination of both? With employer matching, I end up getting roughly 50/50 into Roth/Traditional. I figure I'll switch to Trad later on as my income increases.

I could probably do much better about aggressively paying these loans off by cutting down my spending. I end up getting about $600-700 month into my "living and fun account" that is used for gas, food and pretty much what I want.Let me know if additional data points are needed.TYIA for any advice!
Personal Finance Deals
Getting Umbrella Insurance but auto with another independent auto insurer
Added on : Saturday November 02nd 2013 03:00:05 PM
g: 0 Posted By: manrental
Views: 7 Replies: 1 Currently, I have umberlla insurance via Geico. In order to get umbella insurance, they require auto, and homeowners with them.

Recently, my company gave me a company car that provides insurance coverage which I can use. Geico will not provide umbrella insurance unless all insurance is held with them.

Does anyone know if there are insurance companies which provides umbrella insurance without getting auto insurance from them?

Thanks
Question Deals
Health Insurance for Individual or small business
Added on : Saturday November 02nd 2013 11:00:06 AM
g: 0 Posted By: samandy
Views: 76 Replies: 0 All,

I searched the plans on healthcare.gov . I have a small business (LLC partnership) with husband wife onlyemployees and members.
What is most tax efficient way to buy a HSA plan( to get health insurance tax deductions). As an Individual or a small business owner?
I don't know all details yet but I noted for VA, cheapest plan for a family of 4 is $487 as an individual with HSA. I think small business is little bit costly.

Thank you very much!

Personal Finance Deals
Who beats USAA for Insurance and Home Loans?
Added on : Saturday November 02nd 2013 05:00:08 AM
g: 0 Posted By: fortezza
Views: 64 Replies: 1 I listen to personal finance podcasts daily, and they periodically advise "re-shop insurance and savings accounts often" . It bothers me because I'm very happy with the having my non-savings and non-investment accounts with USAA. So should I bother with shopping for new insurance when I already enjoy low rates and great customer service?

Short Term Savings: Ally Bank
Long Term: Large Investment Firm

I've heard that Amica Mutual is good for insurance, but not that they beat USAA.

What do you guys think?
Real Estate Deals
Home insurance went up significantly
Added on : Friday November 01st 2013 08:00:10 AM
g: 0 Posted By: fatwallet21
Views: 78 Replies: 1 Our home insurance has gone up like 35% in last one year and there is no reason mentioned in the documents. I called up my agent but she is still looking into it. Any tips, feedback on what I should do to get it back to the previous year's premium? there has been no change in any of the variables taken into account to calculate the premium. thanks for the help!!
Personal Finance Deals
Need advice on renting out my primary home
Added on : Friday November 01st 2013 08:00:10 AM
g: 0 Posted By: nasheedb
Views: 184 Replies: 6 I'm the guy who is moving to Switzerland (http://www.fullofdeals.com/forums/finance/1300987). I am looking for some advice on renting out my primary home. Here are the details:

-Purchased the house in August of 2009 for $165,000 and I received the $8,000 credit, essentially bringing my purchase price down to $157,000
-Current value of the house is around $200,000
-It is in a cookie cutter neighborhood, and it is among the largest and most expensive in the neighborhood.
-I have a HEL at 3.99% fixed, 83 months left on the loan. Current balance $87,xxx

Monthly expenses (current):
$1214 - HEL payment
$424 - property tax (pay in full at the end of the year, this is the yearly cost /12. It will also be higher next year due to no longer being owner occupied)
$96 - insurance (pay in full, yearly cost /12)
$54 - HOA (pay in full, yearly cost /12)
Total: $1788

Property management fee will be 7% on top of this. I would need to charge at least $1925/month for rent just to break-even from a cashflow perspective, and that's before I take maintenance/repairs and vacancies into consideration.

I've had a realtor from the property management company advertise the house on MLS for $2000/month for the past 4 weeks. I've had 3 showings so far, which the realtor says is very low. When we set the $2000/month price, the realtor did a market analysis and said that price was fine. A week ago, a house that's very close to mine came on the market for rent at $1800 a month. My house is a little nicer on the inside, I have tons of landscaping work, I allow for pets on a case-by-case basis, I'm including all appliances, so I am adding a little bit of value compared to the other house, but probably not much. The realtor wants me to drop the price to $1800 a month. That would leave me in a pretty bad position from a cashflow perspective. I really don't want to go this low.

I'd like to try adding a bonus for the renter's realtor. Normally they get half a month's rent as commission. What if I were to increase this by say $500? That's 50% more than what they would get normally. Is this worth a try? Any advice is appreciated. I have to move by the end of December, but the sooner I move, the better.

I've also tried advertising the house on Craigslist for $1800 a month, but I haven't had any interest. A refinance is basically not an option, I don't want to deal with the headache of refinancing when I'm moving.
Personal Finance Deals
Free Kindle Book - The Physician's Money Manual (was $39.99)
Added on : Friday November 01st 2013 02:00:04 AM
g: 0 Posted By: remick
Views: 228 Replies: 0 http://www.amazon.com/The-Physicians-Money-Manual-ebook/dp/B00FWXDGA6

The Physician's Money Manual is one component of Daktori's Financial Fellowship Program. "The Manual" shares the secrets of the most successful practices. Learn how to structure practice and outside business interests for maximum efficiency and find out how to attract potential buyers and investors. Plus, discover strategies to reduce insurance costs, mitigate risks, and reduce taxes on active and passive income. Entire sections are devoted to practice planning, asset protection, risk management, insurance, investing and estate planning. Free Daktori newsletter subscription (register at www.daktori.com/contact) and complimentary consultation with one of the authors also included with purchase of e-book.
Books Deals

Amazon Coupons
g: 0 Posted By: stat9
Views: 142 Replies: 4 We just received notice that our health insurance rates will be based on salary.
Band 1 is for $17, 999 or less
Band 2 is for $18, 000 - $29, 999
Band 3 is for $30, 000 - $99, 999
Band 4 is for over $100, 000

The reason given was so that it is compliant with Obamacare. The premiums have not been announced but I was assured that I will pay more so that my coworkers in lower bands can pay less. I am in complete disbelief.



Personal Finance Deals
FDIC Insurance
Added on : Tuesday October 29th 2013 05:00:12 PM
g: 0 Posted By: stallion12
Views: 146 Replies: 4 At the rate the US government is going, is the FDIC really there to protect if things went sour? I wouldn't risk putting my money in a bank that wasn't FDIC insured, but I'm starting to wonder if that is just something I've come to learn as a standard, but in reality isn't worth its weight in the end.

Just an honest question, not out of spite, just out of curiosity.
General Economics Deals
g: 0 Posted By: dougchicago
Views: 129 Replies: 1 I'd appreciate any/all insurance advise with this case. When first hearing about their"non-cooperation" position from the AAA Insurance claim agent, I couldn't believe it. After research I learned it is a way for insurance companies to weasel out of paying a claim.Here's the case information:
Hello Janet,
I'm attaching the police report, accident pictures and accident repair invoices.
Background: On 5/11/13 my daughter, XXXX XXXX, was in an accident on the Stevenson Expressway (I-55) in the Chicago suburbs. Debris came off of a rental truck causing my daughter to brake as hard as possible and skid into the ditch. One of the cars witnessing the accident sped up and wrote down the trucks identification and license plate. They drove back to my daughters accident scene when an Illinois State Police officer was aiding my daughter. The officer noted this information on the attached police report.
Harry, the owner of the truck rental operation,XXXX Rental thought his insurance company, ARA would handle my claim. =10ptHe submitted the claim through ARA and I was contacted by ARA division, North America Risk Services representativeXXXX XXXXXX(800.XXX.XXXX) that the claim (#RNXXXXX) was the responsibility of the truck renter.Harry provided me the truck renter information.
Name: Benedykt Gorzko
Policy Name: AAA - Select Insurance Company
Policy #: AUT00XXXXX
Policy Dates: 12/19/12 - 6/19/13
The accident caused $1,423.68 in damages to my daughters car. This is the full amount of my claim. Here's some further detail related to the attached invoices...

Initially Janet the AAA claims agentsaid because the policy was liability only they couldn't pay. I then went back to the truck rentals company, ARA and theysaid Janet was giving me BS and even with "just liability" they were responsible for the claim. I then called Janet back and told her what ARA said and she finally admitted yes, they are responsible. Now aftermany months she's denying the claim because of non-cooperation from Mr. Gorzko.

I'm thinking my options are: A:lick mywounds andgo on/ forget it (it's not a financial burden) or B: call others at AAA and compain/fight or C: go back to ARA to see what they can do or D:try to smear AAA Insurance publically. "D" in fact might offer me the most satisfaction. The Chicago Tribune posts a column called "What's Your Problem"that's many times on the front page.

I'd appreciate your thoughts on my next step(s) and I'd also like to hear comments on this non-cooperation clause in the insurance policy. It just seems so unfair. Thanks!
Personal Finance Deals
Greasing the wheels
Added on : Tuesday October 29th 2013 12:00:10 PM
g: 0 Posted By: Veeekay
Views: 0 Replies: 0 I am totally new to this, but I know people do it to get jobs done in their favor and many times to speed up the process. I was a passenger with mycolleague (on work visit) the other day in Louisiana, when he was pulled over for speeding. When the cop walked over to get his licence and insurance, the colleague gave him the whole wallet instead of just his licence. The cop took the wallet to "check" the licence and when he came back, he just warned him and let us go. My colleague commented that the 50 dollar bill in the wallet made it happen.

In one of the other threads, it was mentioned that taking the building inspector to steak & eggs lunch could help.

Are thee other ways to grease the wheels in a subtle way ?
Golf ball broke my windshield
Added on : Tuesday October 29th 2013 09:00:09 AM
g: 0 Posted By: BilldaCat
Views: 304 Replies: 11 State is Virginia for any legal/insurance related questions.

Driving along, golf ball hit and broke my windshield, glass on the inside of the car too - not just a chip I can get fixed easily.

Of course, since this car is paid off, I had just dropped comprehensive coverage on the car last week. So I think I may be SOL with my own insurance, but even then the deductible likely wouldn't have been met in the first place.

Went to the clubhouse, they are trying to track down who hit the ball/who was on the hole at that time. Preparing for them to either not find the person, or for the golfer to just deny it.

Went back to the scene of the accident, couldn't find the golf ball.

Any suggestions/what to do next/prepare for? Thanks!
Personal Finance Deals
So, Obama cancelled my insurance, who else?
Added on : Tuesday October 29th 2013 05:00:12 AM
g: 0 Posted By: Muscle
Views: 51 Replies: 0 I've had Anthem (personal) health insurance for about a year now and got a cancellation letter saying my policy is automatically cancelled. Apparently this is happening to a lot of people (and their premiums are going up). Interestingly, it lists another company that I worked for as the one with the plan that's being cancelled, but my personal insurance is not with that other company (just happens to be the same carrier). What's everyone else doing about this? Going to call them here shortly...
Personal Finance Deals
How much Life Insurance do I need to take care of wife?
Added on : Tuesday October 29th 2013 05:00:12 AM
g: 0 Posted By: MikeDaddy
Views: 112 Replies: 3 My employer (state-funded University) is having Open Enrollment for benefits, and I want to increase my life insurance coverage, since my wife and I recently purchased our first home. The balance on the mortgage is close to $200K. I work full-time, but my wife only works part-time, so basically I bring home the bacon. She could easily go back to full-time if she wanted (has a BS and MS in Education with plenty of experience). When we purchased the house, I knew I wanted to increase my Life Insurance to take care of her if something ever happened to me. We have no children (yet).

Through my employer, I get a death benefit of $75K. I have also been carrying $100000 in Life Insurance, which costs me $8/month. I want to up that, but I am not sure by how much. Here are the rates I can choose from (with increments of $10K in-between):

$100000 - $8/month
$200000 - $16/month
$300000 - $24/month (This is the highest I can go).

I have 2 questions:
1. How much LI do I need to cover the house, funeral (cremation), and provide for my wife?
2. How do the rates above seem (e.g., high, low)?

BTW,I'm a very healthy, 34-year-old male. Thanks in advance.




Personal Finance Deals
Hertz - Save 50% on your rental - 24 hours only
Added on : Monday October 28th 2013 08:00:16 AM
g: 3 Posted By: easycom
Views: 364 Replies: 1 Just got an email from Hertz with one of the best offers I've seen lately. It's only valid for 24 hours so give it a shot to see if it works for you. Here are the details:

1. Go to https://www.hertz.com/rentacar/reservation/
2. Click the checkbox that says Enter a Discount or Promo Code
3. Enter code 194036 in the Promotional Coupon (PC) box

Book your Leisure Rental with code #194036 and get half off Economy through Full-size cars and Small SUVs. Reservations must be made in the next 24 hours (Sunday, 10/27/13, through 12:00 PM on Monday, 10/28/13). Including a CDP number in the reservation will not offer further discounts. All other benefits associated with CDP number will apply. Offer valid for reservations booked October 27, and 28, 2013 for vehicle pickup from October 27 through November 15, 2013. Promotion Code must be provided at time of reservation or offer is void. Advance reservations required. Blackout periods may apply. Subject to availability, this offer is redeemable at participating Hertz locations in the U.S, and Canada (excluding NY Metro, Florida and Phoenix, AZ) on economy through Full-size cars and small SUVs. This offer has no cash value, may not be used with Pre-pay Rates, Tour Rates or Insurance Replacement Rates and cannot be combined with any other certificate, voucher, offer or promotion. Modifying your reservation may result in a change in your rate and/or invalidate this offer. Hertz age, driver, credit and qualifying rate restrictions for the renting location apply. Taxes, tax reimbursement, age differential charges, fees and optional service charges, such as refueling, are not included. Discounts apply to time and mileage charges only. Discounts in local currency on redemption.
Car Rental Deals Deals

Hertz Coupons
Living Social $10 for $20 at Overstock.com
Added on : Monday October 28th 2013 03:00:05 AM
g: 0 Posted By: geezlouise
Views: 173 Replies: 0 From Living Social:
https://www.livingsocial.com/deals/835642-20-to-spend-on-home-decor-jewelry-and-morethe fine print

Limit 1 per customer
Voucher may only be used to purchase goods or services under the shopping tab
Voucher may not be used to purchase gift cards or cellular telephone plans
Excludes orders comprised of products from Books, Magazines, Music, Movies, Games, Electronics categories as well as items within the cars, travel, insurance and gold redemption categories
Offer value cannot be applied to shipping
Except as required by law the voucher is non transferrable, not redeemable for cash, and will not be replaced if lost or stolen
The voucher cannot be combined with other discounts, coupons, vouchers, promotions and promotional codes
Merchandise purchased with this voucher is subject to Overstock.com's return policy. see Overstock.com for details
If you return your order you will only receive the paid value of the voucher and not the promotional value
Voucher may only be used in conjunction with US orders not valid on international orders
Entire value must be used in a single visit
Other conditions apply
PAID VALUE EXPIRES ON October 28, 2018
PROMOTIONAL VALUE EXPIRES ON February 11, 2014

Home & Garden Deals

LivingSocial Coupons
g: 0 Posted By: emmd2001
Views: 86 Replies: 3 As many FW'ers do, I buy gift cards from the online 3rd party resellers, and have for years.

I am currently insured under a high-deductible health insurance plan. I have ~ $300/month in prescription costs that I end up paying up front. Since Walgreens allows the use of gift cards for prescriptions, I stock up on Walgreens cards when they are on sale to pay for my prescriptions.

Last month when I picked up my prescription, I was given the 3rd degree by the cashier. Questions such as "Where did you get these gift cards? Why do you have so many gift cards?" etc.

A week later, I got a phone call from a "Fraud Investigator" from Walgreens asking the same questions.

A few days ago, I went to pick up another prescription. When I tried to pay for them with gift cards, I was told that they would not accept any gift cards from me. When I asked why, the cashier said that the manager would have to explain. Apparently, there was no manager in the store as they put me on the phone with a manager from another store down the road? He states that they were concerned with fraud, and asked me the amount of the gift cards I had and what they looked like. Afterwards, he said that they would be accepted and asked to speak to the clerk again. The clerk then hung up the phone, and while they were supposedly filling my prescriptions instead the police show up to question me on the gift cards as well, and then to escort me out of the store.

Do I have any recourse here? What should my next steps be?

Thanks!
Question Deals
Free EpiPen 2-pack after coupon
Added on : Saturday October 26th 2013 10:00:05 AM
g: 4 Posted By: zabesudok
Views: 374 Replies: 1 Go tohttp://epipen.com, look for the $0 Co-Pay picture and click on "download now" to get to a form to register. The resulting coupon can be printed or texted to your phone and will take up to $100 off your insurance co-pay. Mine is usually $50 and my Epi Pens were free using this discount. It's valid through the end of 2013.
Health Deals
tax and insurance
Added on : Friday October 25th 2013 05:00:07 PM
g: 0 Posted By: jcastaneros
Views: 13 Replies: 0 Is it really necessary to put taxes on insurances? I was reading some stuff earlier

http://www.bankrate.com/finance/taxes/taxes-on-insurance-benefits.aspx
https://www.bankofamerica.com/home-loans/mortgage/budgeting-for-home/budgeting-for-taxes-and-insurance.go
http://sc.gov/Business/Pages/taxesAndInsurance.aspx
Tax Deals
What to do when "Sorry Your Medical Won't Pay" happens?
Added on : Friday October 25th 2013 03:00:06 AM
g: 1 Posted By: djtitati
Views: 24 Replies: 0 Hello all! I'm looking for advice from individuals who've been through this chess match before.

Wife has cyst on the back of her head that has grown in size to now be larger than a quarter. It is painful nearly every day for her, and she's now unable to sleep on her back. She went to her GP, got a referral to a surgeon. Surgeon's office submitted paperwork prior to her scheduled surgery (next Fri.). Healthcare company says "Sorry, we're not covering this. It's cosmetic."

Other relevant details:
- We're on an HMO plan right now, but could change to a higher cost PPO plan Jan 1 if this is the only way out.
- Co-worker had nearly identical procedure performed in March 2013 that was covered under the same insurance plan.
- Our knowledge of all this is second-hand, from talking with the billing department at the surgeon's office.
- Wife has been approved for FMLA leave related to this surgery from her employer. So clearly they recognize this as being "a real thing."

I'm not trying to game the system, cheat, lie, or do anything dishonest. I'm asking for advice solely because we're a couple in our mid 20s and have been, so far, blessed with good health (or at least no situations where coverage was previously denied).

What would you all recommend my next set of steps be?







Question Deals
Screwing My Health Care Insurance Provider
Added on : Thursday October 24th 2013 06:00:16 AM
g: 1 Posted By: Bizatch
Views: 56 Replies: 0 I've had health insurance with the same provider for 8 years. Thanks to Obamacare, my rate, for the same coverage, is going from $328 to $747. I will no longer have health insurance with this provider after Dec 31.

I have a 30 day grace period on my insurance premium payment, meaning, I have until Dec 30 to pay for Dec insurance coverage. My plan is to set my auto-pay bill payment for Dec 29th. If I haven't used the insurance in December, I will simply stop the auto-pay on Dec 29, thus never making my December premium payment, and my insurance will cancel out at that point. If, on the other hand, I'm in a horrible car wreck, and incapacitated, my auto-pay function will automatically pay Decembers bill and keep my insurance in force. Net result, I'll save December's premium payment while still having the coverage, if needed.

Pros / Cons?
Personal Finance Deals
Corp-To-Corp vs 1099 and Unemployment Tax Issues
Added on : Wednesday October 23rd 2013 10:00:10 AM
g: 0 Posted By: robronson
Views: 1 Replies: 0 I've recently started in the traveling IT consulting space. I want to avoid working as a W2 of an employer directly for several reasons:

1) No children, no family, so "Cadillac" health plans are wasted compensation.

2) I intend to max out retirement plans as much as possible. Many more options if not W2ed.

3) Opportunities to deduct several purchases such as new phones, laptops, etc. For my personal life I run a dirt-cheap crappy prepaid phone at 10 cents a minute. If I get a W2 job, they'll expect me to buy my own cell phone and pay for my own minutes, but I can't deduct that. As a 1099, I can buy a new phone, new phone plan, keep my existing 10cents a minute plan for personal use, and deduct the new phone/plan 100%.

I was dead set on 1099 until I learned about Corp-to-Corp, which seems like some staffing firms require that I would use in stead of a 1099. I've done some research on Corp-to-Corp but most of it seems to be tailored to the non-Fatwallet crowd who gives the federal government an interest free loan each year and is excited at tax return time to get "free money." Thus, I am proposing the question here about Corp-to-Corps because I imagine there's some high level operators doing some nifty things with them.

I do have a few specific questions and would like to open the floor to general comments on pros/cons.

1) If I'm the only person working through this corp, does it matter if I use S-Corp versus LLC?

2) Does my corp hire me as a W2 of the corp, or contract me as a 1099 of the corp, or is either allowed?

3) Are 1099s exempt from unemployment taxes (and subsequently, benefits if eligible?)

4) How does unemployment work on a corp-to-corp if I'm the sole W2 employee of my corp? From my research it appears I'll be on the hook for around $500 per year for state/federal UI insurance, at least for the first 2.5 years and then it may get cut in half or so. I ran the numbers on UI insurance, and assuming I was legally able to decide on W2 versus 1099 within my Corp-to-Corp, it seems like UI insurance is a good deal for me for several reasons:

a) You're only taxed up to the first $7k or so of income, but the maximum benefits of UI are not realized until around $40k of income. Thus, unlike social security where you're negatively penalized for making too much with respect to the ratio of payout, with UI, you're unfairly compensated for being a high earner. Since the tax stops at $7k but the benefits run until $40k or so, then if you're making $40k+, you're getting more than your payout relative to someone earning less than $40k.

b) As the owner of my S-Corp, I could decide not to take on a new Corp-to-Corp contract and make my sole employee (myself) be unemployed. And thus I have more control over my own unemployment. This is probably borderline fraud, but that also means it's borderline legitimate. So suppose the market for what I do dies down, there's no requirement for my S-Corp to take on a crappy contract I don't want when I can just terminate my own W2 within the corp and collect 6 months of unemployment.

c) The possibility exists of future federal extensions of UI benefits. This is effectively free money with regard to the cost/benefit analysis of UI insurance. The possibility exists that you pay the exact same amount ($500 annually) but get double or triple the payout in the event of unemployment. From a pure economics perspective, that has some form of value.

In summary, let's discuss the pros/cons of 1099 versus Corp-To-Corp and details of how Corp-to-Corp can work. Either in general or pick one of my topics above to comment on.

Personal Finance Deals
Advocate Medical Group Lawsuit
Added on : Tuesday October 22nd 2013 08:00:12 PM
g: 0 Posted By: messi85
Views: 96 Replies: 1 Advocate Medical Group, part of the largest health system in Illinois, recently announced asecurity breachthat puts over4 million current and former patients at risk of identity theft.On July 15, 2013, burglars stole four computers from an Advocate Medical Group administrative office in Park Ridge, IL. Sources cite a lack of 24/7 security and no alarm system on the premises.The unencrypted (not secured) data stored on the hard drives of the stolen computers include the information of patients just like you. This could include your Social Security numbers, names, addresses, DOBs, medical diagnoses, medical record numbers, medical service codes, and health insurance information.This type of sensitive data can be used for an array of fraudulent activity.Advocate violated privacy regulations by failing to use encryption and other security measures on the computers (Smith,Chicago Tribune, 9/5).


Advocate Medical Center offered me free Experian credit report monitoring for a year. My girlfriend and her sister also got this letter. My dad also got a letter in the mail saying that his personal information was violated. I actually had to call Advocate to find out I was on the list and then they sent me a letter that I was a victim. My dads social security number is also tied to my health insurance. My girlfriend mother also got a letter. We want to sue advocate and do a class action lawsuit. I want to sue them and not be part of the current class action lawsuit that some patients filed because I will only get a small chunk of money. So I dont know if I should maybe get my own lawyer and sue them. Any thoughts on this? This is the second time Advocate has done this in the last 4 years.
Question Deals
403b - Need Advice Choosing Vendor
Added on : Tuesday October 22nd 2013 12:00:06 PM
g: 0 Posted By: degilmer
Views: 43 Replies: 0 I'm a public school teacher in Arizona. I'm having trouble choosing a "high quality" vendor for my 403b rollover & future contributions (about $40K rolling over). First, I'll tell you what I'd LIKE in a vendor: My preference would be something like Fidelity Direct or Vanguard: a lot of mutual funds, low fees, performs consistently above average compared to peers. I don't want to pay a broker or adviser. If I can't have something like Fidelity Direct or Vanguard, I'd like a vendor that lets me invest in just about any mutual fund on the market. If I'm going to be paying out the nose in fees I want access to the top 10% performing mutual funds on the market. I only will invest in equity mutual funds and prefer NOT to have ETFs, indexed or target date funds. I prefer a portfolio of Domestic Small, Mid & Large Cap Value and Growth/Income Funds and also about 25% in Foreign Equity Funds. I want to be able to "exchange funds" online by the click of a button online and with no fees. I'm not an active trader or a market timer, but I do reevaluate about every 6 months or so and make minor adjustments. Here are my options (below). Please let me know which options will meet my objectives. I have completed applications for both TIAA CREF and Oppenheimer - but upon further research on fund options & performances to their peer group I don't like TIAA CREF and Oppenheimer's fees are a lot higher then their performance warrants. HELP - thanks.
403(b) and 403(b)(7) Tax Sheltered Accounts Companies Phone Number Ameriprise Financial 1-800-386-2042 AXA Equitable Life Insurance Co. 1-877-628-6673 First InvestorsCorp. 1-800-423-4026 Great American Financial Resources 1-800-854-3649 Horace Mann Insurance Company 1-800-999-1030 ING Life Insurance & Annuity Company 1-800-754-6133 http://www.metlife.com/(Formerly Travelers/Citistreet) 1-800-758-3231 MetLife Resources 1-800-758-3231 Oppenheimer Funds 1-888-470-0862 PlanMember Services 1-800-874-6910 https://www.securitybenefit.com/ 1-800-888-2461 TIAA-CREF 1-800-842-2252 VALIC 1-800-426-3753

Personal Finance Deals
$88k left in student loan debt - am I on the right path?
Added on : Tuesday October 22nd 2013 03:00:06 AM
g: 0 Posted By: Killy215
Views: 122 Replies: 4 Hi there! I am new to the forums and have been reading over other posters financial woes when it comes to their student loan debt. For the last 2 years, I have been working to get myself out of all of my debt. This is going to be long, but I want to give the whole picture! A little bit of background:

3 years ago, I moved from Jersey to Maryland to take a new job, paying a decent amount over what I was making. To be immediately frugal, I moved to a much cheaper town about 30-40 minutes away from my job with my partner. When we first moved, my partner didnt have a job so I paid the bulk of the expenses, while she paid for a small part. She ended up going to school and getting her CDL, and within a year got a job. So for our first year in the house, I wasnt able to put much extra towards any of my debt. Once my partner got the job, we worked out an agreement where she took on my portion of the rent for a year, and I got to work attacking my credit card debt, which was about $15,000. I began paying it off in January of 2012 and finished in March of 2013. Im really proud of myself for this.

Now I know its time to work on my student loan debt, which is just an enormous, crushing weight on my shoulders. I know I can pay it off much sooner than the payments have me set to do, so thats what Im going to try to do. I got a B.A. degree in Psychology that I dont even use, but it did help get me the job Im in today. When I graduated college in 2007, I had $98,000 in student loan debt, and I went to a public school. I made poor choices, taking out more money than school cost so that I could live/pay rent/groceries, etc. Also, it took me 7 years to finish instead of 4 for about 65% of that time I was working full time and going part time. I wish I understood the consequences of what I was doing more, or that someone was there to guide me a bit more/answer my questions, but unfortunately, that is not the case. I take full responsibility for the loans and taking them out, and it has certainly given me a great lesson in all of this. Bottom line is, I have this debt now and Ive got to get it out of here. My student loans are split between federal and private. Ive been paying on the loans for 5 years, since 2008. The balances Im giving you are what is current. Heres the breakdown:

Private: $55,247.13 at 6.2735% (These are multiple loans that have been consolidated into one). Their minimum payment per month is $406 over 30 years. Federal: Total is $33,293.38, breakdown below. 1. Consolidation Loan: Subsidized = $5,330.42 at 2.875% / Unsubsidized = $12,426.18 at 2.875% 2. Stafford Loans: Subsidized = $3,862.02 at 6.8% / Unsubsidized = $5,143.56 at 2.35% / Unsubsidized = $6,531.20 at 6.8%The federal loans are currently in deferment because Im going to graduate school (employer-paid), but I AM paying the accrued interest. I need to get rid of these loans, and I know I need to work on the private loan first. Here are is my total amount of monthly expenses, which I have in a budget spreadsheet and keep track of throughout every month:

Rent: $425/month (split, per person)
Car payment: $396 + $102 extra for principal (paying $500/mth so that I can have the car paid off in 3 more years, shaving 2 years off of the initial term). Interest is 1.9%.
Car insurance: $530 per year I make 1-3 bulk payments in December/January.
Cell phone: $77
Gas/Heat (home): $86
Gas (car): $240
Life insurance: $20
Water/sewer/trash: $60
Netflix: $7.99
Misc: $150
Private student loan: $455.03 (I put an extra $50 each month towards the principle, Ive been doing this for about 2 years)
Federal loans interest: $260
Savings account: $100
League dues (roller derby): $35

I bring home around $3,170 per month, which leaves me around $873 per month extra. I also put 3% towards my 401k, where my company matches 50% up to 6%. (Next year, my healthcare is going up about $30 per month, so thats a factor as well). I would like to commit to putting an extra $800 on my private student loan each month. My partner and I live a pretty frugal, simple life, so I do believe this is possible, save for any weird expenses that may come up (i.e., our renters insurance or my AAA membership, which I never take into consideration for monthly expenses).

Ive already started looking for a second job, which means I would have to quit playing roller derby (I cant do 2 jobs, plus grad school, plus derby). This disappoints me because its definitely a great outlet and a way for me to keep up my spirits and exercise, but I know a second job would really help chip away at this money. Next, I received a balance transfer offer for my credit cards at 0% for 12 months with a 2% fee. So last week, I took $8,000 from this offer and paid it towards my $55,000 private loan. I can get the $8,000 paid off in a year with payments of $666 per month towards the credit card. Then Ill take another $150 every month and add it to the student loan payments with my $455. After the $8k is paid off, I hope to use another offer of 0% and do it again.

Does this sound like a reasonable plan? We dont have a lot of extras, and the ones we used to have have been cut when I started paying off my credit cards (i.e., cable). I recently looked into leaving my cell phone company, AT&T, as T-Mobile can get me a similar plan for about $20 less per month, however my cancellation fee of $260 does not make it worth it at this time. Maybe there is something Im missing with the cell phone situation that someone can give me information on. Also, Ive went through my house and pretty much sold all of my extra things on eBay and Craigslist. I have 1 or 2 other things that I might be able to get rid of. Otherwise, I take my breakfast and lunch to work every day except on Friday, where I splurge on an $8 lunch each week. This $32 is part of my $150 misc expenses.

Also, if you were me, where would you put any extra money you received (i.e., tax refund)? A part of me wants to put it on my car so I can get that paid off quicker (and thus freeing up $500 per month), but I also know it makes more sense to put it on the higher interest loan. Thoughts?

Ive really changed my outlook on money over the last few years, and Im trying to get to a better place. There are things I want to buy (like a house!) that I know I just cannot because I cant afford it. Id like to have kids, but they are going to have to wait because I cannot afford them at this time. I feel lucky to have landed such a good job and be in a place in my life where Im able to make this plan and actually execute it. Id really appreciate any insight, especially on things that Ive missed or could do better.

Thanks for listening.
New User Question Deals
g: 0 Posted By: ggmon
Views: 22 Replies: 0 I enrolled in the employer plan last week . I see that compared to last year insurance premium has not gone up. Its the first year for more than a decade that insurance premium has not gone up compared to prior year..... some year were 40-50% increases.
However my employer did reduce their contribution in effect increasing my contribution by $40 per pay check(26 pay check per year).
I have a high deductible family plan Deductible :$3600. Max: 10,000

I was expecting a much more given the -ve media coverage.
ondering if Obamacare is really working.

Please share your experience.



Personal Finance Deals
COBRA or Obmacare?
Added on : Monday October 21st 2013 06:00:18 AM
g: 0 Posted By: Veeekay
Views: 144 Replies: 4 I am planning on taking up an offer to work in a country with lower cost of living and if everything works out settle there. The expected start date is in March 2014. To help with smoother transition, I am planning to go there in March and come back in May 2014 to get my spouse and kid, at which time we will be relocating.

I have family medical and dental insurance (HSA 5.6K ded and 11.2K out of pocket) thru my employer. COBRA costs $1200 per month for the current plan. Healthcare.gov estimates PPO bronze at about $430-650 per month, depending on the provider.

It is expected that my family will be in COBRA or Obmacare between March and May. Given the 60 day grace period (or is it 45?) for COBRA, I may be able signup for COBRA, only after there is a need for it.

Questions are:
1. If I didn't signup for COBRA, but had to use the insurance during the grace period, would the medical providers accept the negotiated rate as total payment. In other words, I am using COBRA to get a better/current rates.

2. If the grace period for COBRA is 45 days and I decide to opt for Obamacare after the 45 days, would that be considered as lapse in coverage and if so, would Obamacare not be of any help?

3. Should I just pay $860-1300 for 2 months of Obmacare or are there other options to avoid insurance payment for the March to May time-frame.
Personal Finance Deals
Should I pay off mom's credit card?
Added on : Monday October 21st 2013 06:00:17 AM
g: 0 Posted By: Marsavings
Views: 78 Replies: 3 My dad died in 2005. I am an only child and live 2 hours away. He had always handled all of the money in the family, so I was concerned about how my mother would deal with it. He left a couple of small life insurance policies (one thru MetLife and one thru his former employer where he retired at age 57 in 1985). She gets a small pension payment (half of the pension he used to receive when he was alive) from his former employer, along with SS. When my dad died I paid for the cremation myself and I also paid the remainder of their car loan off for my mom so she wouldn't have that to worry about. I believe she has spent all of the life insurance monies except a small amount (less than $2000) that is left in one account. She does not want to spend that money - I don't know if it's an emotional attachment to my dad, or if it's the security of having that money available. She claims it's because it earns a higher interest rate (maybe 6%??). After my dad died she opened a checking account (my dad didn't believe in checking accts or cc's - he paid for everything in cash unless he needed a car loan, etc.) as well as a Chase Freedom card that got 5% CashBack on Gas/Groceries/DrugStores at the time. They have since changed that program so the categories are revolving every quarter. I told my mom at that time the the only way she should get this credit card is if she pays it off in full every month. Otherwise the interest charges will eat up any CashBack she might get. She also has a Discover card that she uses (supposedly) just for her medication that she has to buy thru mail order. Over the years she has bought several things that I did not agree with, but when I said anything, she would say "I needed it" or "I've never had xxxx, I deserve it", etc. Examples are new carpeting, new linoleum in the kitchen/bath, new toilet, new stove, new bedroom suite, new couch. Some - like the toilet - were a necessity. But others like the flooring and furniture were just "I want it, I deserve it" situations. For about the past year she has made casual comments to me such as "I want to get that credit card paid down," etc. But I never asked, as I didn't want to butt in. If I made a comment about something she had purchased, she would get defensive and justify it. I figured if she needed help she would ask for it.

This weekend she called and asked for my opinion. She wanted to know what I thought of taking out a loan at the bank to pay off the credit card. She said the bank has 12 months interest-free and she would pay it off in that year. I kept telling her that didn't sound right as I've never heard of a bank that doesn't charge interest...credit card companies - yes. Stores - yes, 12 months interest-free. But never banks for a loan. I asked her how much is her credit card bill, that this "loan" would be for? She said about $5,000 (I was actually afraid it would be more, but still a daunting amount). So this morning I called my local brach of that same bank for clarification. I was told they have a bank CREDIT CARD with a balance transfer deal of 12 months interest free. But not loans. So I don't know if my mom realizes it or not, but she is looking at getting yet ANOTHER credit card to pay off the Chase with a balance transfer, etc.

I think at the very least, she should take the remaining money in that life insurance account and pay down her cc bill to at least reduce it. But she doesn't want to. But it makes no sense to earn some small amount of interest on a small remaining balance of life insurance money, when you have $5K in cc debt that is probably accruing close to 30% interest every month! And maybe then contact Chase and see if they will settle the account for a less amount. I know she would take a hit to her credit for doing that, but she probably doesn't have that high of a credit score to begin with anyway. She told me that her minimum payments to Chase are $150/month right now.

And to top it all off, I asked her if she'd ever cashed in any of her CashBack rebates from the Chase card, and she said no. !!! So for 7-8 years she has never contacted Chase to get any of her CashBack sent to her or credited from her bill. I don't for for sure, but I doubt ALL of the CashBack that she would have accrued during this time would still be available, as I know most of the time the points or CashBack rewards expire after a certain period of time. But I told her to contact Chase using the 1-800 number on the statement, and askabout her CashBack rebates status. She might even have CashBack money available from Discover too. I don't know which Discover card she has.

We are in good financial shape - no kids, no car payments, mortgage paid off, pay our credit cards in full every month. I am wondering if I should let her "live and learn", or should I pay off her credit card in full for her so she doesn't have to worry about it anymore, and have her cancel the account so she can't continue to use it.

I just don't know if I should bail her out or not. She is 77 years old and this time since my dad died has been the first time in her life, I think, that she has had total control of her own money. I helped her out right after he died by paying off the car and the cremation costs, and tried to pound it into her head about paying off the cc's every month. At first I thought she was doing alright because she would take the checkbook to the bank to have the teller help her balance it every month, and she assured me when I would ask that she was paying off the credit cards every month. But then she started getting all this other credit from Lowe's, and the furniture store, as she purchased bigger items, and she knew how I felt about that.

I know it's hard for her living on such a small fixed income. Her mortgage is paid off, but she still has to pay the taxes and all of the monthly bills plus medication costs,and I know she's not rolling in dough. I just don't want her to repeat this all over again if I come to the rescue and pay it off.
Personal Finance Deals
making my health care expenses tax deductible
Added on : Sunday October 20th 2013 12:00:07 PM
g: 0 Posted By: BradMajors
Views: 103 Replies: 0 * I am self-employed with a HDHP/HSA.
* My annual qualified health care expenses are greater than my annual HSA contribution, and will likely continue to be greater for the foreseeable future.
* The funds in my HSA are close to zero.
* I can not change health insurance before 2014 because of pre-existing conditions.
* I do not want to change health insurance after 2014 because I have a grandfathered health plan and any new plan in 2014 will be much more expensive.

How can I make my health care expenses that are greater than my HSA contribution limit tax deductible?
Tax Deals
Medicaid or Blue Cross, any difference in services provided?
Added on : Wednesday October 16th 2013 03:00:07 PM
g: 0 Posted By: heatherton7501
Views: 133 Replies: 5 =12ptIve been checking out the government health insurance site and being a Maryland resident I have to go through http://www.marylandhealthconnection.gov/ to get a plan. Im self-employed and have been buying an individual BCBS policy for the last 10 years. The last few years the rates have gone up sharply to almost $800 a month now. Being self-employed I have a lot of business expenses, the majority of which is depreciation on real property, that lowers my profit on paper to just a few thousand. That, combined with interest income will put my total annual income on the border of qualifying for Medicaid or getting a tax break on insurance. Do doctors and hospitals treat patients differently on Medicaid compared to patients on insurance? Should I make sure to go for the gold or platinum insurance even if I end up paying $400 net for it instead of free Medicaid?
Question Deals
Orbitz has been stalling to refund me for 11 months - how to escalate?
Added on : Wednesday October 16th 2013 01:00:07 AM
g: 0 Posted By: OrbitzSux
Views: 28 Replies: 0 Orbitz has the WORST customer service department, and they completely ROBBED $1400 from me. I purchased my ticket in September of 2012 to go to Brazil, due to extenuating circumstances, I was unable to go and i had to cancel my ticket about 2 month later. Mind you this was still 4 months before my scheduled flight.

I contacted customer service and asked to cancel my flight, which they did and they mentioned i will be changed $250 cancellation fee, despite buying the cancellation insurance. Later during that conversation i was told i had to contact COPA airlines to get my refund. And when i contacted COPA they bounced me back to Orbitz.

Needless to say this back and forth bouncing went on for about 3 months, where i call either companies and would have to wait an average of 30-40 minutes (with Copa Id wait for more than an hour), be transferred between 3-4 agents till finally someone would speak with me, and finally im told that i should call the other company.

Finally i decided to write to Orbitz' claims department. after a number of emails (about 2 weeks) they said they will refund me my money, and this should take a few business days. I mentioned to them that the CHASE CC which i bought the ticket with has been cancelled, and i would need the money to be refunded back to me in a different way. They replied, "we can not do that, we can only refund the CC which you bought ur ticket with. Dont worry, banks still have your information and will send you your money."

In any case, what they Said was NOT TRUE - to this day i have not received my money - and i even had chase contact them and send them documents stating that chase bounced back the funds to them and instructed them on how to refund me my money. I truly feel that by rerouting the customer service overseas, this gets most the basic issues resolved but anything besides that - its a hopeless case. And looking online i see plenty of cases where Orbitz has screwed customers, all you have to do is google - i should have done so before buying anything through them. they use these clever tactics to screw over the little guy and keep their money. Needless to say Im out $1400 for a service i did NOT get and Orbitz is up $1400 for a service they did NOT give.

Do yourself a favor - save yourself the headache that I have been going through the past 10 months, and STAY AWAY FROM Orbitz.
Question Deals
Sell Home or Rent Out - Out of State Move
Added on : Tuesday October 15th 2013 06:00:05 PM
g: 0 Posted By: COCAHomeOwner
Views: 74 Replies: 2 I found another thread like the one this one with someone questioning whether to rent or sell their home on an upcoming move out of state. His situation was not cash flow positive on his home and his house had only appreciated 10% since purchase. I am looking for advice on whether or not to rent out or sell our property when moving out of state. We do not live in a state with any family or ties (CO) and will be back to CA, where we have most of our family and originally came from. We own a rather new home in high demand area which is all families, new schools, parks etc. We bought the home from someone who has it used as a rental property and it was very generic. The house is up 120K since purchase (with our down payment we are looking at about 200K) and could go up more by the time we are ready to sell (spring 2014) or it could fall back to earth (anything is possible). We have a low rate (mid 3's and have no debt). Houses of our size rent for $500-1000 above our mortgage, insurance and taxes so we would be cash flow positive monthly. The house was fully remodeled in the past year so everything is updated with the exception of the ac/heat unit, roof and water heater. The wear and tear is a concern of course. I would manage this property from CA, with a list of trusted tradesmen on call that we used to remodel the home. We could sell this house and bank the profit (also could put it into something short term) but we will not be buying in CA as prices are nuts again. I figure we will rent in CA for a year to three years. The reason why I am asking for advice is from a tax perspective, Im not sure which is a smarter move. Combined income is north of 150K, we have two young kids and standard ira/401ks with no stocks/bonds etc. Assuming the mortgage interest deduction remains, is it wiser to hold this property or not? My other concern is related to trying to buy something in CA in a few years and our money will be locked up in this property. Im probably not thinking of everything so appreciate any input.
Personal Finance Deals
vitality and insurance
Added on : Monday October 14th 2013 10:00:12 AM
g: 0 Posted By: ridn4free
Views: 1 Replies: 0 its a new program we are being forced to do or are premiums rise =11pthttps://www.powerofvitality.com the instructions are very fague and I am looking for another forum board that discusses it in more detail, if any
g: 0 Posted By: remick
Views: 282 Replies: 0 http://www.amazon.com/dp/B00COGYQOO

A brand new collection of up-to-the-minute personal finance guidance from award-winning columnist Liz Weston 4 authoritative books, now in a convenient e-format, at a great price!

All the realistic, trustworthy money advice you need! 4 up-to-date books from Liz Weston, Americas #1 personal finance columnist

Money! Debt. Credit Scores. Investments. Retirement. College. You need answers you can understand, trust, and actually use! Thats where Liz Weston comes in. In this amazing 4 book collection, Americas #1 personal finance columnist helps you create and execute your own action plan for long-term financial security. No hype, no lectures, no nonsense: just realistic, up-to-the minute help delivered in plain English. Start with the latest edition of Westons nationwide best-seller, Your Credit Score, Fourth Edition complete with brand-new information on protecting (or rebuilding) the 3-digit number that rules your financial life. Learn how todays credit scores work exactly how much skipped payments, bankruptcies, and other actions will lower your score how companies can and cant use your score against you. Get Crucial new information on FAKO alternative scores, short sales, foreclosures, FICO 8 mortgage scores, new credit risks from social networking and mobile banking, and how to fight score-related credit limit reductions or higher rates. Next, in Easy Money, learn how to simplify and take control of your financial life, now and forever! Weston takes on the problem everyone has: the sheer hassle of managing money! Youll find practical guidance and easy checklists for investments, credit cards, insurance, mortgages, retirement, college savings, and more! Discover how to consolidate, delegate, and automate your financessave time and moneyand live a more rewarding, secure life. In Deal With Your Debt, Updated & Revised Edition , Weston offers up-to-the-minute help on averting disaster, recovering from serious money setbacks, getting real help, and taking action that works. Weston reveals why its simply impractical to live forever debt free - and why trying to do so can actually make you poorer. Youll find up-to-the-minute strategies for calculating how much debt is safe, and assessing and paying off the right debts first... and if youre too far in debt, Weston will gently and non-judgmentally guide you back into your safety zone. Finally, in There Are No Dumb Questions About Money, Weston offers up-to-date, common sense answers to the financial questions people ask most often. Youll find quick, sensible advice on setting priorities choosing investments saving for college, home-buying, retirement, or other major expenses getting past the pain, arguments, and guilt surrounding money, and doing what works!
Books Deals

Amazon Coupons
g: 2 Posted By: archena
Views: 197 Replies: 1 Please note only guaranteed to be FREE at time of posting. Please verify before you click and purchase

Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future, Updated and Revised [Kindle Edition] was $29.99

Moshe A. Milevsky Ph.D. (Author)

http://www.amazon.com/dp/B009EC7K0S

Publication Date: September 21, 2012

Publisher: FT Press

20 Reviews ★★★★

#17 in Kindle Store > Kindle eBooks > Nonfiction > Professional & Technical > Accounting & Finance > Finance

#17 in Kindle Store > Kindle eBooks > Business & Investing > Finance > Finance & Investing


You must be aware of the value, potential return and risk of your own human capital (your job, career and what you do for a living as opposed to stocks and bonds or other investment choices) as well as financial capital and investments to plan a secure future. Human capital is the most valuable asset that you will own over your lifecycle. You need to balance all financial decisions with the characteristics of your human capital. The key trends identified in the first edition of the book namely, the decline of Defined Benefit (DB) pension provision, the continued increase in human longevity and the risk of personal inflation, are as relevant today as they were five years ago. The financial crisis has taught us that all types of capital human, financial and even social are key to a secure financial future. If your career has "stock-like" growth and risk characteristics, Milevsky helps you balance your "portfolio" by tilting investments towards safer "bonds." If your job is more secure but offers lower financial upside, you'll learn to tilt your investments towards stocks that compensate for your lower earning potential. Either way, Milevsky shows you how to integrate investments, insurance, annuities, and retirement plans to generate the safe and reliable income you'll need.

This Edition's updates include:

● New 2012 data, charts, figures, and references
● More coverage of incorporating "human capital" into financial planning
● Advice reflecting the aftermath of the financial crisis
● Easier, more usable techniques, and less math!

About the Author
Moshe A. Milevsky, Ph.D., is a professor at the Schulich School of Business and a member of the graduate faculty of the Department of Mathematics and Statistics at York University in Toronto (Canada). He has lectured at the Wharton School of Business at the University of Pennsylvania, the London School of Economics (UK), University of New South Whales (Australia), ORT University in Montevideo (Uruguay), University of Cyprus, University of Leuven (Belgium), and Goethe University (Germany).

He is a 2002 Fellow of the Fields Institute for Research in Mathematical Sciences. In 2003 he received two National Magazine (Canada) awards for his popular writing on personal finance. In 2006 he received a Graham and Dodd scroll award from the CFA Institute for an article in the Financial Analysts Journal . In 2008, he was honored with a lifetime achievement award from the Retirement Income Industry Association, and in 2009 he was selected as an MDRT Main Platform speaker.

Prof. Milevsky has published ten books, more than 60 peer reviewed research papers, and more than 200 popular magazine and newspaper articles. He currently lives in Toronto, but grew up in Baltimore, New York, Mexico City, and Jerusalem. He is married with four daughters. Follow him on Twitter at http://twitter.com/RetirementQuant.
Books Deals

Amazon Coupons
Auto Insurance - Get up to 50% discount on Auto Insurance
Added on : Sunday October 13th 2013 08:00:08 AM
g: 0 Posted By: SeargentYork
Views: 0 Replies: 0 All you have to do is enter your zip code at Auto Insurance Quotes Zone website.

Then compare the different quotes presented before you and choose the best one.

This will save you much time searching for the lowest offer.

Credit Karma Home and Auto Insurance Scores??
Added on : Saturday October 12th 2013 07:00:09 PM
g: 0 Posted By: MisterEd
Views: 11 Replies: 0 WTF is with the HOME and AUTO insurance scores? My CREDIT score is around 770, I haven't had a home insurance claim in almost 39 years and have had one minor auto accident (parking lot) in the last 10 years but both my auto & home insurance scores show "poor." My credit score shows "excellent." Is this something I should be concerned about?

From their description it says these scores "reflect the chance of me makimg a claim." If I haven't had a claim in 39 & 10 years why would I have one now?
Personal Finance Deals
Confusion about CLUE report
Added on : Thursday October 10th 2013 01:00:07 PM
g: 0 Posted By: mojoshtudd
Views: 24 Replies: 0 We are in escrow on a house and just got sellers disclosures. They disclosed a slab leak from 3 months ago and provided us with receipt for $950 for work done to repair and re-route pipe.
In the full disclosure, we got a CLUE report that shows a claim for almost $12000 for that same incident. On asking for the explanation, the sellers said that the insurance documentation included tile replacement which they didn't do. The $950 is the only receipt they have.
My question is, how can $12000 show up as claim amount in Clue report if they only spent $950. Is there any plausible explanation?
Also, why would insurance documentation include cost for stuff that they didn't actually do?
Thanks for helping me understand this. Never owned a home before so I don't quite know how these claims work.
Personal Finance Deals
Catastrophic (Major Medical) Insurance, is anyone still writing them?
Added on : Thursday October 10th 2013 08:00:06 AM
g: 0 Posted By: 9c1Dave
Views: 140 Replies: 0 Marsh who holds my cat plan has been frozen from ACA for years. I'd really like to add additional dependents and want to get a policy written somewhere.

I've searched and it seems most plans are frozen. Anyone know of any active ones? (NOT ACA!)

Thanks!
Question Deals
Insurance claim money and paying off mortgage.
Added on : Thursday October 10th 2013 06:00:16 AM
g: 1 Posted By: foolface
Views: 181 Replies: 3 I have a rental property that had a tree fall onto it and cause $26000 in estimated damages from my insurance company. I will be able to get all the repairs done for much less than half that amount.

Since I still have a $32000 mortgage on this property, all the insurance money went to my mortgage company. They refuse to disburse the money unless the repairs are done as exactly specified by the insurance estimate. I do not want to waste all that money doing things like replacing an 8 year old roof when it only needs some minor repair work.

My Question: If I pay off the mortgage, will the mortgage company be required to send me entire balance of insurance funds?


Personal Finance Deals
insurance for home music lessons
Added on : Tuesday October 08th 2013 05:00:07 PM
g: 0 Posted By: Sashinator00
Views: 152 Replies: 2 My wife has begun teaching music lessons at our house. It's a very small amount of students at the moment but I know it can be considered a business and if a kid cracks his skull the insurance company wouldn't want to pay. Where can I find some high deductible low cost type of business insurance that would make sense in this situation?

Sorry no pics.
Personal Finance Deals
Onstar free 6 months (up to 12 months) inactive accounts
Added on : Tuesday October 08th 2013 02:00:06 PM
g: 0 Posted By: ndflyer
Views: 311 Replies: 0 Received email today to get free 6 months of onstar and if you sign up with State Farm get an additional 6 months free.Offer includes a six month trial of Directions & Connections service

For a limited time, you can reactivate your vehicle's OnStar service with the OnStar/State Farm Connect & Save Offerone free year of OnStar Directions & Connections (a $299 value) plus an insurance discount through the State Farm Drive Safe & Save program.

1. Push your blue OnStar button and follow the prompts to speak with an Advisor.
2. Ask for the State Farm Connect & Save Offer and get six free months of OnStar service
3.Contact your local State Farm Agent or call 866.583.9457 to sign up for Drive Safe & Save and youll get six additional free months of OnStar service.

Visit onstar.com for coverage map, details and system limitations. OnStar acts as a link to existing emergency service providers. Services vary by model and conditions.
Offer only eligible on OnStar-equipped vehicles with an inactive OnStar system. Offer includes a six month trial of Directions & Connections service with Blue Button press and an additional six month trial once State Farm Drive Safe & Save is activated. Enrollment in OnStar Vehicle Diagnostics and valid email address is required. State Farm collects basic information about your vehicle to calculate insurance discount. Offer available through 1/31/14. No obligation. Not compatible with any other OnStar offer.







Services Deals
g: 0 Posted By: SummerSoFar
Views: 79 Replies: 0 Stolen from November 2013 Kiplinger's mag. May be of interest to some here.
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http://www.kiplinger.com/article/retirement/T051-C000-S002-free-...
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Free Social Security Advice for U.S. Veterans
On November 11, our powerful online tool will create personalized financial strategies for U.S. veterans.

To celebrate Veterans Day, Kiplinger's Social Security Solutions will offer recommended claiming strategies free to all U.S. military veterans. "The goal," explains Knight Kiplinger, editor in chief of Kiplinger's Personal Finance magazine, "is to help bolster the financial security of the men and women who have served to protect the security of our nation."

As the youngest Vietnam-era vets approach Social Security decision time, it's important that they understand that when they claim benefits will affect how much they and their spousesif they are marriedwill receive from the program over their lifetime. You may claim benefits as early as age 62 or as late as age 70, and the timing can profoundly affect your monthly payment. If you are due $1,500 a month at full retirement age (currently 66), for example, you would get $1,125 a month if you claim benefits at age 62 but $1,980 monthly if you delay your claim until age 70.

Research by William Meyer, founder of Social Security Solutions, and William Reichenstein, a professor of finance at Baylor University, shows that for a single person who dies at age 80, it makes little difference whether he or she claims Social Security benefits at age 62, age 70 or any age in between. In any case, that person would receive similar total benefits over his or her lifetime. But for anyone who lives past age 80, waiting until age 70 to claim benefits will likely pay off in increased lifetime payments. The timing decision is especially complicated, and potentially far more rewarding, for married couples because some strategies offer opportunities to increase lifetime benefits significantly.

Meyer and Reichenstein have created a software tool that crunches the numbers to create a strategy, based on life-expectancy projections, that will deliver maximum benefits. That's the tool vets can use on November 11. The free-for-a-day program is sponsored by Wells Fargo as part of the bank's efforts to serve members of the military. "Choosing when to take your Social Security benefits is one of the most important financial decisions of your life," notes Karen Wimbish, director of retail retirement at Wells Fargo.

Maximize your benefits. To illustrate the potential rewards of using the tool, Meyer cites the results of an educational program offered to a group of Iowa residents last summer. "The recommended claiming strategies could add an average of more than $170,000 to the lifetime benefits of those who used the tool," Meyer reports. Estimated lifetime benefits were projected to be $27,000 to as much as $305,000 more than the amount recipients would likely collect by simply claiming benefits as soon as possible, at age 62. "We want to make sure veterans don't leave money on the table by making a silly mistake," Meyer says. "Maximizing Social Security and coordinating those benefits with military retirement pay can provide for a much richer retirement."

The tool will be free for veterans from 12:01 a.m. eastern time until midnight Hawaii-Aleutian time on November 11 at http://www.socialsecurityforveterans.com/. To get a personalized claiming strategy in a downloadable report, you'll need to input your "primary insurance amount" (PIA), which is the estimated monthly Social Security benefit you are due at your full retirement age. (You will not be asked for your Social Security number.) If you are age 60 or older, you should receive a statement from the government each year showing your PIA. Otherwise, you can get your benefits statement by visiting http://www.ssa.gov/mystatement and creating a "My Social Security" account.

Nonveterans may purchase personalized claiming strategies at http://kiplinger.socialsecuritysolutions.com/.
Personal Finance Deals
Negotiating hospital bill
Added on : Monday October 07th 2013 05:00:19 AM
g: -2 Posted By: plinotron
Views: 458 Replies: 6 I had the worst stomach bug in my life on a Sunday -- I thought I was going to get severely dehydrated. Everything was closed including urgent care so I ended up going to the ER. They gave me an anti-nausea pill and kept me there for an hour or two to watch me and make sure I kept down fluids. Then sent me home.

The bill was 2K. My insurance paid 1K and I'm left with a fat 1K bill. How can I negotiate down what I owe (I'm thinking to tell them I can't pay it), and how much should I ask to reduce?
Question Deals
Dropping Health Insurance. Options to Minimize Risk.
Added on : Monday October 07th 2013 05:00:18 AM
g: 0 Posted By: Bizatch
Views: 0 Replies: 0 Background:

We're a family of 4, earn a decent income, so no subsidies/welfare for us.
Our health care has been a HDHP with an HSA. $10k deductible. Blue Cross. Premiums average $325/month.
In 2014, our lowest cost insurance option is $747 month, with a $11k deductible.
Since we're a healthy family (typical health care expenses of under $1k a year), we will be going without health insurance starting Jan 1st of 2014.
We have $20k already in the HSA, so we can cover a good portion of unexpected health care expenses. If we start putting that $747/mo premium into our own back account, we'll quickly grow a large emergency fund.

I'd like this thread to be about ways to reduce our risk, by using other insurance options, that hopefully come at a small premium expense.

Here Is Our First Step:
My first thought was auto accidents. That is our most likely cause of a major health care expense. Typical auto insurance comes with a $5k 'Medical Payments' coverage. Meaning, have an accident and your auto insurance will cover $5k in medical costs. That's usually enough to cover health insurance deductibles. Since we won't have health insurance next year, I called to inquire about raising this coverage. I was told that I could raise our policy to $100k, per person, per accident, no fault coverage, for a grand total of $13.54 for the YEAR. I was going to start this coverage on Jan 1st but decided to make it take immediate effect. This is very cheap insurance in my opinion.

Other ideas for other coverage? Anyone have experience with someone like Aflac? Insurance where you get a cash payout when you develop a specific disease like heart attacks or cancer?

Negotiating ridiculous hospital bill
Added on : Monday October 07th 2013 03:00:08 AM
g: 0 Posted By: plinotron
Views: 131 Replies: 1 I had the worst stomach bug in my life on a Sunday -- I thought I was going to get severely dehydrated. Everything was closed including urgent care so I ended up going to the ER. They gave me an anti-nausea pill and kept me there for an hour or two to watch me and make sure I kept down fluids. Then sent me home.

The bill was 2K. My insurance paid 1K and I'm left with a fat 1K bill. I have no idea what they're charging so much for, my doctor probably would have costed a couple hundred bucks, and I had no choice that day. How can I negotiate down what I owe (I'm thinking to tell them I can't pay it), and how much should I ask to reduce?
Question Deals
Helping a senior citizen with a Medical billing dispute.
Added on : Sunday October 06th 2013 08:00:08 AM
g: 0 Posted By: Direstraits66
Views: 122 Replies: 1 I'm trying to help a senior citizen (not yet medicare eligible) with a medical billing dispute. She's on fixed income but pays for a high deductible plan. She had a freak accident when travelling out of state and ended in emergency for a minor surgery. She has received separate bills from the hospital, doctors and anyone who may have peeked into Her Room in emergency.

Majority of the providers have settled for the insurance price except one. The bill fromanesthesiologist and anesthesiology nursewent into collection. The insurance rate is $260 against the billed rate of $1200. She sent a check for $260 along with a copy of EOB and a letter explaining the reason and a note to cash the check if it's accepted as full and final payment. Instead the bill went into collection.

What's the best way to help her handle this issue with the collection agency? I've asked her to send a Debt validation letter.

Her credit score is not a concern. She has little income to qualify for any type of credit.
.
Personal Finance Deals
Contractor emails contract, emailed ok back, bound to terms in contract?
Added on : Saturday October 05th 2013 04:00:06 AM
g: 0 Posted By: evbe
Views: 137 Replies: 3 A contractor sends a contract and associated papers (insurance etc) via email.

Homeowner replies back to that email stating to do the work.

It's one day of work for a crew of six, payment due on completion.

Work looks great, contractor is paid.

Homeowner discovers materials used were significantly other than specified.

Longevity likely much less than expected.

Are the contract specifications binding?
Personal Finance Deals
Contractor emails contract, emailed ok back, are we bound?
Added on : Saturday October 05th 2013 03:00:07 AM
g: 0 Posted By: evbe
Views: 0 Replies: 0 A contractor sends a contract and associated papers (insurance etc) via email.

Homeowner replies back to that email stating to do the work.

It's one day of work for a crew of six, payment due on completion.

Are the contract specifications binding?
Help me choose best investment option for my kid's education
Added on : Friday October 04th 2013 09:00:09 AM
g: 0 Posted By: valvo23
Views: 89 Replies: 0 Hello. I have 2 kids, currently 3yrs and 1 yr old. We are 36. I've done pretty well so far saving for my wife's and I retirement and now looking to get a better grip on our kid's college fund. Our goal is to save somewhere in the 150 - 200K range total to give the kids. I know that won't cover it all but it would be a good start. We expect to increase the investment amt in future yrs. but let's assume we don't. I currently have a NY 529 account setup for each child that last yr. returned~ 17% RoR. I don't fund these accounts that well at this point. In 20 yrs, this would have around 30K - 40 K in it.
We met with my brother-in-law who works for NE Financial on options. This is 3 he suggested all assuming a rate of 8% interest and paying $300/mo

#1 - Open a variable life insurance policy.Each of use would open a $100K policy. He assumes after 20yrs it would result in about 123K in cash value plus theaddtl life insurance should something were to happen to 1 of us. We already have term life insurance on each of us. This would put us at around 150K for their education. (this option + personal 529)

#2. - Open a Roth IRA in 1 of our names. We could pull out what what's put in w/o penalty which would be 72K in 20 yrs for theiruse and then have around 70K in earnings in the Roth. This would put us at around $105K for their education. (this option + personal 529)

#3 - Open a professionally managed 529 for each kid. After 20yrs, have around $148K in 529.Per B-I-L, thistype of fund is not sheltered when looking for aid so it would beworth at about132K with his figures.This would put us at around $162K for their education. (this option + personal 529)


Which of these would you suggest? I'm not fond of option #1but won't throw it out until I hear others opinions. I'm leaning towards #2. That way if the kids don't go to college, don't need all the funds, etcthe money can be redistributedelsewhere. For #3, is there any advantage w/ having them managea 529 versus mejust sticking with the personal 529s already created?
Any other options that we should look at besides these 3?
Investing Deals
Maximizing Obamacare ACA Insurance Exchange Subsidies
Added on : Thursday October 03rd 2013 11:00:04 PM
g: 0 Posted By: calwatch
Views: 91 Replies: 0 With the new Affordable Care Act (Obamacare) in place, tax planning is even more Crucial than ever because of the subsidies provided to buy health insurance on an ACA exchange. Through some income shifting, and estimation, on can take advantage of some of the loopholes in the law and gain health insurance at little cost. Conversely, there are many sub-poverty individuals who cannot qualify for Medicaid expansion since their state didn't sign up, but through a back door way can still get affordable insurance simply by making large estimated tax payments to a state or projecting future income above the poverty line. For those near the poverty line in a Medicaid expansion state, paying attention to the deadlines can avoid having to cycle back and forth between private insurance and the Medicaid system, which generally offers far less choice than most exchange plans.

All income referenced to is MAGI (which is AGI plus nontaxable Social Security, tax exempt interest, and foreign earned income). Regulations on premium tax credit (with examples)

Making too much money

If you think the phaseout for the tuition and fees credit or earned income tax credit is abrupt, the ACA phaseout is even more so. At 400% Federal Poverty Limit (FPL) the subsidy is completely eliminated and there is no cap on repayment amount.

So if you are trying to get income below 400% FPL in order to qualify you need to make sure that you'll hit that. The only way to adjust MAGI after December 31 is through deductible IRA/HSA contributions but traditional IRA deductions phase out for single/HOH AGI over ~$60k or MFJ over ~$100k. Since 400% FPL is $62k for a 2 person household and $110k for a 5 person household this quickly becomes nonviable. To qualify for HSA you have to use an HDHP - I have heard of some exchanges with HSA compatible Bronze plans in Obamacare, but you have to be eligible for HSA prior to December 1 of the tax year. So you have to reduce income below 12/31 which means the usual - contribute max to 401ks, 457s, and 403bs, tax loss harvest to get the $3000 capital loss deduction, and advance business expenses. This also makes income spiking a better deal - if you know you aren't going to qualify for the subsidy, then you could opt to spike income by taking bonuses/income or deferring expenses one year to stay far above 400% FPL, while managing expenses and deductions to remain below 400% FPL other years. Also since recoveries like state income tax refund is treated above the line it is important to manage those so that they don't send someone intentionally above 400% FPL.

The same considerations are at the break point at 133% FPL, where there is a 2% MAGI to 3% MAGI jump.

One interesting loophole in the regulations is the maximum recapture limit on the credit, which can have interesting impacts depending on how you estimate your income. Lower income means more subsidies AND access to special Silver plans that have reduced cost sharing. So for instance a single 60 year old declaring $20,000 in annual income (175% FPL) in LA County gets a $470 monthly subsidy for a "Silver 87" plan with a $2250 out of pocket cap. At the end of the year, they really had a $45,000 MAGI (390% FPL). Normally a $45,000 MAGI qualifies for a "Silver 70" plan with a $6350 OOP cap and a $199 monthly subsidy. Now let's say they got the subsidy for 12 months. The maximum recapture limitation (regulations 1.36B-4-a-3) is $1,250 for the year. But the actual "unearned" subsidy for the year is $3,252, and this for a better plan with a $4100 lower out of pocket cap. Thus, $2,002 (the unearned subsidy above $1,250) is now written off, and up to $4,100 in OOP are never incurred. Just make sure you stay below 400% FPL or else you will have to pay the whole subsidy back (although presumably not the out of pocket cost).

Generally, due to time value of money, if you can afford to repay the credit should you estimate wrong, you should do so, since those credits only need to be repaid April 15 after the year that you receive the advance credits. I can't tell if you have to pay estimated tax penalty on advance credit repayments, but most people should avoid them anyway due to the 100% of prior year tax safe harbor rule.

There are better articles that go into the farce of the "estimation" process for ACA subsidies. Still, even without fraud, one could have honest reasons not to report changes in income - perhaps the job is temporary or unstable and you want to wait until it is stable before reporting the change in income. Regardless, you take advantage of the recapture cap.

For those who want to take advantage of the subsidy this makes the usual advice to do Traditional to Roth conversions in low income periods questionable as Roth conversions are in MAGI. While this may not be an issue for higher income or younger people (a 30 or 40 year old making 390% FPL gets no subsidy anyway in CA since the Silver plan is deemed affordable as a share of MAGI), that 40 year old making $20,000 in odd jobs and unemployment gained $2,112 in subsidy. Is it worth it to convert $25,000 in the 401k to Roth to fill the 15% tax bracket (the normal advice), and lose that $2,112, which is in effect another 8% tax on the conversion?

Making too little money

First, for states without Medicaid expansion, for those below 100% FPL who can control their income, the obvious answer is to get more income. Sell and immediately rebuy winning investments to reset basis and create capital gains (which may also qualify for 0% LTCG), move tax inefficient investments to taxable, do 401k/Traditional IRA conversions, get a job, gamble and report your winnings honestly, sell things and report the income with zero basis on the items sold (since you have no documentation proving the acquisition cost), etc.

But what if you didn't have to do that?

From a Bogleheads thread (where I was admonished not to "game the system"):

My reading of the regulations states that, as long as you estimate at the time of enrollment that your MAGI is between 100% and 400% of FPL, that you are still eligible for subsidies, even though your actual income falls below 100% of FPL. This could happen, for instance, if one lost their job in the middle of the year, which takes them below 100% of FPL. Even if they had to pay back subsidies, an additional provision in regulations limits that to $300 for singles, and $600 for other taxpayers.

1.36B2 Eligibility for premium taxcredit.

[...]
(b) Applicable taxpayer(1) Ingeneral. Except as otherwise providedin this paragraph (b), an applicabletaxpayer is a taxpayer whose householdincome is at least 100 percent but notmore than 400 percent of the Federalpoverty line for the taxpayers familysize for the taxable year.
[...]
(6) Special rule for taxpayers withhousehold income below 100 percent ofthe Federal poverty line for the taxableyear. A taxpayer (other than a taxpayerdescribed in paragraph (b)(5) of thissection) whose household income for ataxable year is less than 100 percent ofthe Federal poverty line for thetaxpayers family size is treated as anapplicable taxpayer if
(i) The taxpayer or a family memberenrolls in a qualified health planthrough an Exchange;
(ii) An Exchange estimates at the timeof enrollment that the taxpayershousehold income will be between 100and 400 percent of the Federal povertyline for the taxable year;
(iii) Advance credit payments areauthorized and paid for one or moremonths during the taxable year; and
(iv) The taxpayer would be anapplicable taxpayer if the taxpayershousehold income for the taxable yearwas between 100 and 400 percent of theFederal poverty line for the taxpayersfamily size.

(7) Computation of premiumassistance amounts for taxpayers withhousehold income below 100 percent ofthe Federal poverty line. If a taxpayer istreated as an applicable taxpayer underparagraph (b)(5) or (b)(6) of this section,the taxpayers actual household incomefor the taxable year is used to computethe premium assistance amounts under 1.36B3(d).

1.36B3 Computing the premiumassistance credit amount.

[...]
(d) Premium assistance amount. Thepremium assistance amount for acoverage month is the lesser of
(1) The premiums for the month forone or more qualified health plans inwhich a taxpayer or a member of thetaxpayers family enrolls; or
(2) The excess of the adjustedmonthly premium for the applicablebenchmark plan over 1/12 of theproduct of a taxpayers householdincome and the applicable percentage
for the taxable year.

That "applicable percentage" is defined in 1.36B-3(g) and is 2.0% of household income (MAGI) for those under 200% of FPL.

Also, for those making under 400%, a "repayment" clause applies further limiting the actual tax subsidy repayment for those under 200% FPL to $300 for singles, $600 for all other taxpayers.

1.36B4 Reconciling the premium taxcredit with advance credit payments.
(a) Reconciliation
(1) Coordinationof premium tax credit with advance
credit payments
(i) In general. Ataxpayer must reconcile the amount ofcredit allowed under section 36B withadvance credit payments on thetaxpayers income tax return for ataxable year. A taxpayer whosepremium tax credit for the taxable yearexceeds the taxpayers advance creditpayments may receive the excess as anincome tax refund. A taxpayer whoseadvance credit payments for the taxableyear exceed the taxpayers premium taxcredit owes the excess as an additionalincome tax liability.

(3) Limitation on additional tax(i)In general. The additional tax imposedunder paragraph (a)(1) of this section ona taxpayer whose household income isless than 400 percent of the Federalpoverty line is limited to the amountsprovided in the table in paragraph(a)(3)(ii) of this section (or successortables). For taxable years beginning afterDecember 31, 2014, the limitationamounts may be adjusted in publishedguidance, see 601.601(d)(2) of thischapter, to reflect changes in theconsumer price index.

This refers to a table which shows the maximum subsidy repayment for single taxpayers ("determined under section 1(c)") with MAGI under 200% FPL at $300, or $600 for other taxpayers.

So for sub poverty level in non-Medicaid expansion states the answer is clear - be more optimistic in declaring income. Note that the exchanges do check reduction in income (to qualify for more subsidy) but don't check increase in income (and, even if this were the case, one paycheck from a seasonal job can be extrapolated for the year). For the super honest, Bogleheads had an interesting tactic of prepaying state estimated tax in the previous year and itemizing (taking care to pay more than the standard deduction normally received), and then receiving the entire state tax refund as income, thus generating enough MAGI to go above 100% FPL. An alternative way is to declare cash income from self employment, as described in this great Forbes article (which includes other loopholes and outright frauds).

Unfortunately, this will help dull some of the movement complaining about the "donut hole" in coveragesince some advocacy groups are already publicly encouraging people to be optimistic.

In Medicaid expansion states, there will be those at the low end that want to avoid Medicaid, since the exchanges may offer more choice. Unfortunately premium credits are not available to those who are eligible for Medicaid (called "government sponsored minimum essential coverage"). Therefore, people will cycle in and out of Medicaid and the exchange depending on income. But, there is a minimum three months grace period to application date, never mind actual receipt of Medicaid. Even if you were ultimately ineligible you are still subject to the subsidy recapture cap.

Under the final regulations,an individual who fails to complete therequirements necessary to receivebenefits available under a government sponsoredprogram by the last day of thethird full calendar month following theevent that establishes eligibility istreated as eligible for the coverage onthe first day of the fourth calendarmonth. Because an individual whotimely completes the necessaryrequirements is treated as eligible forgovernment-sponsored minimumessential coverage no earlier than thefirst month that the individual mayreceive benefits, this 3-month timeperiod does not include the time neededfor a government agency to process anapplication.

See also Example 6 under 1.36B-4. Although it uses employer coverage as an example, it calculates how much needs to be repaid and states that it is subject to the cap. So if you are below 133% of FPL in a Medicaid eligible state, then file the paperwork on the last day of the third month after you become eligible for Medicaid. (But how do you know you are eligible if you can control your income at will? That would be based on the Medicaid regulations for eligibility.)This also works great for people who originally qualify for the exchange but then work for an employer with unaffordable or undesirable coverage, but coverage that still meets Obamacare's minimum requirements. An example would be an unemployed person who has exchange insurance but then gets a job which only offers a Obamacare-qualified captive HMO as its coverage option. They don't want to switch doctors, but they never notify the exchange of their employment. They are subject to the annual recapture cap, at least until the exchange recertifies (at which point the person would then perjuring themselves by signing the certification that they have no qualified coverage).

The married filing separately vs. jointly calculations are even more interesting but that is an exercise left to the reader.





Discussion Deals
Any suggestion for ltc?
Added on : Thursday October 03rd 2013 10:00:05 PM
g: 0 Posted By: erindeb
Views: 31 Replies: 1 I've been thinking of buying LTC since grandma was diagnosed with dementia. Currently, she's suffering from sundowning syndrome that caused older people to get restless when the sun is not around.

http://en.wikipedia.org/wiki/Sundowning

Anyways, does anyone know which insurance company is good? My parents Genworth and somewww.completelongtermcare.comon New York.What do you all think? I would want to approach this scenario very cautiously. Any suggestion?
New User Question Deals
Another Auto Accident/Insurance Question - On Work Property
Added on : Thursday October 03rd 2013 05:00:09 AM
g: 0 Posted By: Mr0ffic3r
Views: 140 Replies: 3 My Mother recently got into a fender bender, at work, employers parking lot. A co-worker backed into the side of her car. Firm has about 400 employees. This is in Florida.

Being that it was pouring rain, they both agreed to "talk about it" the next day. No cops were called. My mother figured since she works with this guy, and there were 5 witnesses, she didn't want to cause a scene by calling the cops in the pouring rain for an accident where no one was hurt.

She went to talk to the guy the next day, and she asked to get his insurance info. He refused and said it was her fault. (Her car was not moving; guys rear bumper scraped the entire side of my moms car.) My mother was flabbergasted and called me for advice. I told her to call the cops so they can come out, look at the damage, and get the guy to share his insurance info. The cops said that because the accident happened in the past, she can only fill out an accident form and send it to the state. She did that, it's been over 2 weeks, nothing heard back yet.

Also told my mom to get her insurance involved, since that seems to be the general FWF advice. She has the guys name, number, place of employment (duh), witness, pictures, license plate into, the form she sent to the state (accident report), etc... Our Insurance says they cannot get the guy's insurance info. He wont pick-up their phone calls either. He has been avoiding everyone at work as well, no socialization at all since the accident. This is an older guy around 70 years old that drives (get ready) a FWF favorite Crown Vic automobile. My mom went to inquire with HR/Management to see if anything can be done (figured itd be worth a shot since it happened at work, on work property) but all they did is talk to the guy to share his insurance info, but again he refused. I had my mom get some estimates and its about $2k-$2.5k worth of damage ($500 deductible) if we end up going through our insurance to get it repaired.

Any suggestions before I recommend she just get it fixed via her insurance and consider this a lesson to ALWAYS call the cops?
Personal Finance Deals
Lincoln Moneyguard ( Universal Life + Long Term Care Ins. )
Added on : Thursday October 03rd 2013 04:00:10 AM
g: 0 Posted By: Cerestes
Views: 58 Replies: 0 Good Morning,

Is anyone familiar enough with the advantages and disadvantages of this policy, or this type of policy to give quick good idea/bad idea advice?
Lincoln Moneyguard Reserve Plus:
https://www.lfg.com/LincolnPageServer?LFGPage=/lfg/lfgclient/fpr...

Sorry for the nebulous details, but I'm getting most of this second hand (through purchaser, not their broker/agent)
Purchaser is a 64 y/o non-smoking female with no known health issues. Policy cost is $100K, paid at $10K per year for ten years.
Long term care payout caps something like $4900/month for 6 years (~$350K).
If not used, when the purchaser dies, they it converts to a life insurance policy, which if I understand correctly pays 350K, less any long term care they pay out.

I don't believe the purchaser has any reason to purchase life insurance, but is of the mindset that wasting money on LTC insurance and then not using it would be bad.
The whole "you get it back as life insurance" aspect is something she appreciates.

One specific question is around the restrictions put on the LTC portion, which they actually call a "Convalescent Care Benefits Rider".
Is this just the industry name for this type of coverage? Or Is this really just a really restricted rider that won't end up acting as long term care insurance due to some set of exclusions?

Thanks!






General Economics Deals
Government shutdown - Travel Insurance?
Added on : Wednesday October 02nd 2013 05:00:09 PM
g: 0 Posted By: woolooloo
Views: 22 Replies: 0 We're about to head to Hawaii for about 10 days. I would normally never consider travel insurance, but does anyone know the likelihood the government shutdown could affect airline travel, such as completely shuttering the FAA? I know they've already furloughed FAA safety inspectors, if there is an accident linked to this, could they shut down all travel until they put a funding plan in place? Hawaii is a pretty expensive place to get stuck, I'm just wondering if investing in travel insurance might make sense under the circumstances or if the FAA is certain to remain operational. Thoughts?
Hawaii Deals
Affordable Care Act penalty-tax avoidance
Added on : Tuesday October 01st 2013 08:00:12 AM
g: -1 Posted By: okwiater
Views: 225 Replies: 15 There are some other threads already about the Affordable Care Act (aka ObamaCare) specifically as it relates to healthcare premiums. However, the purpose of this thread is toexclusivelydiscuss strategies and considerations for avoidance of the penalty-tax that will be imposed for not complying with the new law. As someone who is facing monthly insurance premium increases from $483/month to over $1,200/month and a deductible increase from $5,000/year to $12,700/year, I am seriously considering not enrolling in a qualified health plan (QHP), incurring the penalty-tax, and simply managing my withholdings so as not to ever pay it.

My understanding is that the IRS's enforcement options are limited, as they can only withhold any amounts owed from future refunds. However, as we all know, refunds from the IRS are something we should be working to minimize or avoid altogether since they are essentially an interest-free loan to the government. Because of this, I am of the mindset that a diligent taxpayer could avoid the new mandate altogether by simply paying extra attention to the level of withholdings, and employing certain tax-generating strategies in the event that the taxpayer is over-withheld at the end of the year.

The strategy under consideration:

1. Manage my withholdings so that they barely exceed 90% of the total tax owed, so as to avoid any penalty for under-withholding. I will owe a check to the IRS at the end of the year.
2. In case I find myself with a larger-than-expected balance due, convert traditional 401(k) and IRA balancesto Roth, generating taxes that cancel out the balance.
3. Carefully monitor legislation that may affect IRS withholding options.

This strategy comes with risks, of course. For example, there is no way of knowing whether or not the penalty-taxes incurred during each year will ever be waived at some point in the future. It's also possible that the IRS will at some point in the future be granted increased powers to collect ACA-related balances due, perhaps even through liens or asset seizures. These powers may even be granted retroactively to any accumulated balances due. There may also be other implications, such as whether these balances would appear on a credit report or whether they need to be reported as a serious delinquency on job applications or other government forms.

Any feedback, thoughts, advice, or other considerations?
General Economics Deals
HSA vs PPO
Added on : Monday September 30th 2013 12:00:06 PM
g: 0 Posted By: cooldude9919
Views: 34 Replies: 1 Sorry for another one of these, but i am looking for some guidance (mods please merge/move if necessary). Ive attached the info for my employer and i am trying to digest and understand everything.
First of all i am on the family plan, and have my wife and 3 kids on it. For the HSA our employer will put in $600, and plus it is $48.56 per period cheaper, which comes out to around $1262.56 difference per year, for a total of around $1862.56 of an "advantage" for the HSA.

If i look at total worst case max out of pocket of $4k vs $5k, then the HSA looks better because of the ~$1862 "advantage" makes up for the $1k max OOP difference. If i look at the deductible difference between the $1k and $1500, then again the ~$1862 also makes up for that.

Given that if we are somewhere in the middle and just have regular doctor visits as needed including preventative and normal sickness here and there and wouldn't hit the max OOP, then it seems like the PPO would be a better fit if i am thinking correctly, $1k deductible, 90% co-insurance, etc.

Anyone have any suggestions for these stats and a large family?
Personal Finance Deals
Free 30 day trail of Cialis (for Erectile Dysfunction)
Added on : Monday September 30th 2013 08:00:04 AM
g: 0 Posted By: ChiefBrody
Views: 25 Replies: 0 Not that I need it er um...But this stuff is like $150 without insurance. Must take voucher to doctor. He writes script. You take voucher and script to pharmacy.

BaBaBlinko

The CIALIS Promise=0.8emTMProgramWith the Promise Program, men with erectile dysfunction (ED) and men with both ED and the symptoms of benign prostatic hyperplasia (BPH) can try 1 month's supply (30 tablets) of CIALIS for daily use (2.5 mg or 5 mg) for FREE. Or, since CIALIS for use as needed (5 mg, 10 mg, 20 mg) is also indicated for the treatment of ED, men with ED can try 3 tablets of 36-hour CIALIS*=0.8emfor use as needed (10 mg or 20 mg) for FREE. Remember, only you and your healthcare provider can decide if CIALIS is right for you.First, download your voucher. You and your doctor can choose between a 30-day, 30-tablet free trial of CIALIS for daily use (2.5 mg or 5 mg) or a 3-tablet free trial of 36-hour CIALIS for use as needed (10 mg or 20 mg). It's a FREE TRIAL, so there's absolutely no cost to you. And with CIALIS, you can be more confident in your ability to be ready when the moment is right.* Remember, you can take advantage of only 1 CIALIS Promise Program FREE TRIAL voucher every 12 months.
* Individual results may vary. Not studied for multiple attempts per dose. =0.8em In clinical trials, 36-hour CIALIS taken as needed was shown to improve, up to 36 hours after dosing, the ability of men with ED to have a single successful intercourse attempt.
If you use this offer to try CIALIS and you and your healthcare provider decide it's not the right ED treatment for you, we promise to pay for another CIALIS option or 3 tablets of another prescription ED medication of your choice, as prescribed by your healthcare provider. Offer applies to ED medications only, not other BPH treatments. If you are taking CIALIS for daily use to treat only your BPH symptoms, you are not eligible for a second trial of an alternative ED treatment.
Float- Collecting and Profitng From It
Added on : Friday September 27th 2013 09:00:07 AM
g: 0 Posted By: RiskCalculated
Views: 157 Replies: 1 FW Community. Looking to hopefully lean on some of the creativity and insights often offered here...I have been thinking more and more about the idea of float (time lag between money received and money that may need to be paid out in future).

Outside of insurance and banking, are there any other types of companies that receive float as a part of normal business?Somewhat off-topic, but related. Recently, I received a check from my health insurance addressed to me for a procedure that was billed to my insurance for a few thousand dollars. Since I can pay the doctors office directly with my credit card and deposit the check into my account, this is a way to manufact spend. And if amount was larger, or more frequent doctor visits, and you were able to work out an arrangement to maintain that the insurance company sends you a check for services rendered going forward, I suppose this could become a type of float for 6 months or more, since there is normally a lag for doctor billing and they are lenient with payment schedules .

I realize that what you do with the float is also important so that you don't end up in a bind.
General Economics Deals
Affordable Care?
Added on : Friday September 27th 2013 12:00:06 AM
g: 0 Posted By: lokimoki
Views: 36 Replies: 0 Ages 40 - 64, self-employed (or not covered w. company), over the annual limit,it seems your 2014 premiums will at least double, with higher deductibles, higher co-pays and higher out-of-pocket maximums. Depending on the plan, I believeit's possible to spend20% of your "MAGI" on medical insurance premiums.The 2014 penalty for non-insurance is 1% (MAGI ?).
Discussion Deals
g: 1 Posted By: spydermonkey
Views: 128 Replies: 4 Title says it all. I can understand certain bills like mortgage, insurance, car note, etc can be easily split, but what about utilities, groceries, household items, etc? Before my wife and I got married, we would try to split everything. At the grocery, we would calculate 1/2 on my card, the rest on hers. Going out to eat, I would pay sometimes, she would pay other times. Monthly bills were easier, calculate them and divide by 2. I would transfer money into her checking and she would pay all the bills. All this can be a PITA and it just seems so much simpler for our paychecks to go into a single, joint account and pay everything from there.

For those who have separate accounts, how do you handle dividing up who pays what, when, where?

BTW, Ive done some searches on this topic but none of the threads never really explained how couples do this. The threads seem to focus on if doing one or the other is better/worse.
Personal Finance Deals
Successfully disputing a CLUE report error
Added on : Thursday September 26th 2013 02:00:06 AM
g: 0 Posted By: BostonOne
Views: 49 Replies: 0 I typically shop around for auto insurance at renewal time. This year, I got a notice stating that my rate was affected by my auto CLUE report and I requested a copy. A not-at-fault accident was listed as at-fault ($0 payout from my insurance). I called the number provided by LexisNexis and disputed the classification. They said it could take up to 30 days to process. My renewal date was about 10 days away so I called Liberty Mutual to see if they could correct it from their end faster. The CSR said that there was nothing they could do to make it happen faster and the only route to correcting it was through LexisNexis.

I was insistent that there was something they could do because it was their mistake. I eventually got the name/extension of the person who processed that claim and called them during business hours. They said it was a mistake which they could correct. They also said that even though it was listed as at-fault, it didn't affect my premium since it was a $0 payout (not sure if this is true of all insurers, but 2 of them told me this). About three weeks later, I got a letter from LexisNexis saying the dispute had been resolved in my favor.
Discussion Deals
Help needed: Fraud - Sunnyvale Motorcars
Added on : Wednesday September 25th 2013 10:00:11 PM
g: 0 Posted By: dynooply82229
Views: 33 Replies: 0 link to news story:
http://www.mercurynews.com/ci_22545536/owner-sunnyvale-motorcars-arrested-grand-theft-charges

Looking for some advice. This happened about a year ago, and I have been too embarrassed/ashamed to ask for help until now.

Here are the facts at Sunnyvale Motorcars:
A brought a luxury vehicle to Sunnyvale Motorcars
Handed over two keys and a pink slip of which I am not the listed owner
I received a "contract" stating that I would receive > $25k after the car is sold or within 3 months.

Facts about the car:
I had purchased the car from someone on craigslist, I paid for the car with a check, have records to prove it.
I received release of liability, pink slip, and a signed bill of sale / power of attorney for the vehicle
The car was in fantastic shape, and I got a very good price for it
I drove it for 2-3 months, never registered it

Dilemma:
Since the car was never registered to me, I think I'm breaking some law trying to sell it (for more)
I drove the car, though insured, I legally need to register the car within 10 days, I did not do this
I am out of about $22k, which includes the price of the car, the flight to pick it up, and insurance.

Options (will update):
Apply through the Consumer Motor Vehicle Recovery Corporation,http://www.cmvrc.org/
- I'm afraid that this can get ugly, and I could get in trouble
(Your input here)
Do nothing
- I want some money back

Thanks for your help,
-Fatwallet friend
New User Question Deals
best way to shop around for insurance?
Added on : Wednesday September 25th 2013 11:00:10 AM
g: 0 Posted By: AbbaZabba
Views: 81 Replies: 0 So I have many different insurance products.

Personal auto x2, homeowners, umbrella, 2x rental properties, business inventory, business liability, business umbrella, business auto.

Never had a claim and I've just been adding them on as I need them with state farm but I would like to start shopping around for the best deal as they are kind of pricey.

So what's a good starting point for shopping around and finding the best deals on all policies at once?
Personal Finance Deals
$168 Million Lotto Winner in Financial Wreck
Added on : Wednesday September 25th 2013 05:00:17 AM
g: 0 Posted By: raspino
Views: 143 Replies: 3 This has happened so many times that it is no longer news. We almost always know where lottery winners will end up at. However, the issue of so called 'reputable' financial professionals is mentioned in there and it appears to be the basis of this article. But how many times have we seen some of these self serving professionals lead unsuspecting lottery winners into the pit of debt? If I won the lottery (I don't think I will ever win because I don't play the lottery), I doubt that I would speak with a professional about it except for tax purposes (not for investment or insurance purposes).

http://finance.yahoo.com/news/168-million-lotto-winner-financial...


General Economics Deals
Expatriating to Switzerland
Added on : Tuesday September 24th 2013 10:00:05 AM
g: 1 Posted By: nasheedb
Views: 203 Replies: 16 Little bit of background first. My gf is finishing up her PhD and will likely graduate early next year. In her field, it is very common, almost expected, to do a couple of years of post-doc after graduation. When we started dating, she always said that she wanted to do her post-doc in Europe because it would help her career tremendously. I've always been firm in wanting to stay in the US since I'm pretty well established here, I have a good paying job in a niche industry and I own a house.

In August my gf had a conference in Switzerland that she attended. I went with her the FWF way, paid for the flight with miles and stayed in her hotel room that her school paid for. The week before we left, I was browsing some forums when I came across a job posting in Switzerland, a job that I was qualified for. I sent the link to her just to show her what I found. I was never planning on applying, but she strongly encouraged me to do so and I did. I figured I had nothing to lose. The company was very interested in talking to me and they setup an interview for the following week. I met with them on a Tuesday, and the interview went very well, in fact they asked me to come back for a follow-up interview two days later. After the second interview they explained to me what's going on. They're very interested in me, I'm the perfect candidate for the position, however, I am a US Citizen. Since the IRS strong-armed their banks into turning over tax cheats, they don't like Americans very much. In fact, for every job opening they have, they have to first recruit in Switzerland, then the EU before they can even consider an American. The government will not approve work visas for Americans unless it is an absolute necessity. Fast forward a month and I receive a job offer.

The details:
Age: 26
Current Salary: low 100s. No bonus, no compensation for overtime, nothing extra. I'll be very lucky if I get a 3% raise next year.
Benefits: 2 weeks vacation, 1 week sick, 9 paid holidays, 4% match on 401(k) if you max it out
Job conditions: Terrible. There are 4 of us on the team who do the same thing as me. I have about 10 years experience with this product (yeah, I really started working in this industry at 16) and not to be tooting my own horn, but I'm an expert at what I do. There are 3 others on the team, and their experience ranges from literally fresh out of training to 3 years with the product. The guy who has the 3 years experience should be able to do a lot, but he's the most incompetent person that I've ever had to work with. Because of the inexperience/incompetence on the team, very basic changes need to be made in the middle of the night and I have a lot of changes to make. I am up very late at least once a week, sometimes more. I also put in a lot of time on the weekends, sometimes I even work 20+ hours in a single weekend. All this extra work I receive absolutely no compensation for. Additionally, the company as a whole is doing really badly, we're losing clients, laying off employees, etc. Things are bad now, but they will only get worse. There is a very real chance that I will get laid off in the next 12 months, especially if the others on the team gain more experience as they probably make a lot less than I do. I'm on-call 24/7.

The offer:
Base salary: $115k when converted to USD
Bonus: 15% or a little over $17k if 100% of targets are met (not quite sure what the targets will be)
Sign-on bonus: $5.5k for relocation assistance and they provide an apartment for a month while I get my own apartment
Benefits: 5 weeks vacation, pension contribution (I think around 4.5% of salary), overtime pay (or additional time off, but I'd take the money) for anything over 45 hours/week and the Swiss don't have "Exempt" classifications, company paid accident insurance (global), $100/week extra every week that you're on-call
Job conditions: employees are much more expensive to the company since they have to pay them more and they can't abuse them and treat them like slaves. That means that they're only hiring the best of the best, employees who can get a lot done in a short amount of time. All my coworkers would all be very smart (this was apparent in the interview), I wouldn't be constantly banging my head against the desk about what a stupid mistake someone made. The Swiss also have a very good work ethic, they don't browse Facebook, Youtube, FWF etc while they're at work. When you're at work, you're expected to work. There would also be an on-call rotation.

Pros:

I get to try something new and exciting. I've lived in Texas for almost 5 years now. Texas will still be here even if I go overseas for 3 years. If I don't take this chance, I will always feel like I missed out because later on I will likely not be able to do something like this. It's just a lot harder when you have kids.
I get to see all of Europe in 3 years. Switzerland is in the dead center of Europe. Travel is really easy, you have all the cheap carriers like RyanAir and you have an awesome train system.
I'll get to visit extended family more often. My grandparents (as well as aunts, uncles, cousins, etc)live in Eastern Europe. My grandparents aren't going to live forever...
Money. Yeah, I'll be making a little bit more money, but honestly it will be a wash because living in Switzerland is very expensive. Where the money really makes a huge difference will be with my gf. Pretty much all post-docs in the US pay $40-45k/year independent of location (basically no COL adjustment). In Switzerland, she would make $90-100k/year as a post-doc. If we lived together in Switzerland, that would certainly cut down on my living expenses.
Savings: My goal would be to save up $100k cash while living in Switzerland, probably 3 years. This would come from lower standard of living, going from a 3000 sq ft house to a 1 bedroom apartment, going from 2 cars to a bicycle.
Side income: If I quit my job, there is a very high chance that I'll get extra 1099 work from them at least in the short term, until they find someone to replace me. I work remotely now, and my employer doesn't care where I am working from currently. By the time I finish my work in Switzerland, they're just starting the day in the US, so the time-zone difference actually plays in my advantage
Career. While this job itself is essentially a lateral move for me from a responsibility perspective, gaining international experiencewill help my career in the future

Cons:

The unknown
High cost of living. A one-bedroom apartment in the part of Switzerland that I would be about $2000/month. Food is at least twice as expensive as it is in the US. The Swiss are very healthy, all their food is organic and they've banned a bunch of chemicals that we eat every day. This means that you're essentially forced to buy all your groceries at Whole Foods. Any restaurant meal will be at least $30-40 a person.
Lower standard of living. I'd be going from living in a 3000 sq ft house to a 1 bedroom apartment. I'd go from driving everywhere to having to bike and use public transportation, etc.
I get stuck in Switzerland alone ifmy gf isn't able to find a post-doc.
Absentee landlord. I wouldn't sell my house, I'd rent it out. I'd have to deal with the headaches of being an absentee landlord. I'd also probably end up cash-flow negative on the house since my loan is for 10 years.
Miss out on retirement contributions. No 401(k), most likely no Roth IRA either (too much income), but I've already got a pretty good head start on retirement savings, so this isn't that big of a deal. I have close to $200k saved up for retirement already.

My thoughts at this point are that the salary that they're offering me is a little bit on the low side. I'd like to get at least another 10%. They obviously couldn't find someone qualified in Switzerland or the EU, if they could then they wouldn't have made me the offer. I think I can approach this from the angle of "I'm making almost that much today, but in a much lower cost of living area". What are everyone's thoughts? Should I do this or no? How should I handle the salary negotiation?
Personal Finance Deals
home insurance claim
Added on : Tuesday September 24th 2013 05:00:06 AM
g: 0 Posted By: ram00
Views: 21 Replies: 0 Guys

I had a home insurance claim and the cheque is more than $10000 but less than $20000. Due to this the cheque is payable to my mortgage company. I see that with my mortgage company there is aCertification of Intent to Repair/Homeowner Completed Repairs. Is there a time associated with this. How does the verification process work. I am not planning to get the work done right away and this process may take about a year or two. Is that ok. Looks like they will endorse the cheque in my name right away if the amount is less than 20 grand.
Personal Finance Deals
What to do with small windfall
Added on : Monday September 23rd 2013 02:00:11 PM
g: 0 Posted By: protomenace
Views: 108 Replies: 4 I was pleasantly surprised recently to learn that I will be receiving a pretty nice income boost and a pretty decent sized one time payment. I'm not sure what exactly I should do with the money. I have some debt, but the interest rates are not that high for some of the debt. I'm basically weighing my options of paying off the debt vs investing the cash. I'm not exactly sure what the tax details of the one time payout will be, but I'm fairly certain it will be treated as regular income. What does FWF think?

Here are the details:

Monthly Income (post payroll deductions):
Currently: $4170
Soon to become: $5338

One time income (pre-tax): around $37500

Debt:
Student loans:

10000 @ 6.549%
4200 @ 5.35%
5000 @ 4.25%
5000 @ 3.15%

Car loan:
15000 @ 1.5%

Assets:
Liquid: $9500
Roth IRA: $8500
Other stocks: $3500

Monthly Expenses:
Rent: $895
Transportation:$250
Utilities: $150
Auto Insurance:$139
Food: $300
Roth IRA contributions:$458
Cell phone:$60
Total: $2252







Personal Finance Deals
Free Stainless Steel Water Bottle with Hartford Insurance Quote
Added on : Monday September 23rd 2013 07:00:16 AM
g: 0 Posted By: remick
Views: 167 Replies: 2 http://hartfordauto.thehartford.com/landingpages/National-Wildlife-Federation/Outsidepubs/?N=owl&KEY=DIRECT&PLCode=760309

Not available in GA, ND and NM
Surveys & Rewards Deals
Making extra house payments, any downside?
Added on : Monday September 23rd 2013 07:00:16 AM
g: 0 Posted By: woowoo2
Views: 41 Replies: 0 Recently I have been given notice that my employer will be selling the business next spring.
At this point, my employment is unsure.

To create a little financial cushion, I have been making house payments every two weeks instead of monthly.
I am not making extra principal payments, just the regular house payments.

Are there any downsides to this?
Will this screw up my escrow account?

15 year VA mortgage with Navy federal.
Property tax and Insurance paid by escrow.
$408 payment, 3.2% interest rate, $35K left on the loan.
Next payment due in Feb. of next year.

Thanks.


Personal Finance Deals
Need Help - Payment to Health Insurance Provider
Added on : Sunday September 22nd 2013 05:00:06 PM
g: 0 Posted By: PutThatCoffeeDOWN
Views: 72 Replies: 1 I recently lost my job and am now paying a monthly premium of $1200 for family health insurance. My provider doesn't not take credit cards - just checks.

In a perfect world, I'd love to use my Discover card to take advantage of Cash Back rewards. Is there anything I can do here? For example, use my Discover card to buy a gift card (get Cash Back rewards) and then cash the gift card out, deposit into checking and then pay health provider?

Please help!
Personal Finance Deals
Buying A New Car As 1099 For Fun And Deductions
Added on : Saturday September 21st 2013 10:00:06 AM
g: 0 Posted By: perpetualstudent
Views: 188 Replies: 0 I recently started some high paying 1099 consulting work and I'm looking at things to write off taxes that are quasi-business quasi-personal expenses but are legitimate in the eyes of the IRS.

I've wanted to buy an SUV for a while but I don't need one, my existing car is just fine, is fully paid off, and I bought my existing car brand new and own it fully. Financially it would be ridiculous for me to buy an SUV as a second vehicle. (I would keep my current car which gets great mileage).

To make the situation even more against buying an SUV, I dislike buying used cars because of the potential for headaches. I went out of my way to save up cash and buy my current car brand new, with the understanding I'd keep it for 15+ years/300k+ miles. It's a Honda Civic from 2005 and has just under 100k miles now. I hate wondering whether the previous owners smoked weed in the car and a police drug dog might ping on it. Or that they screwed something up that I find out later. And constantly needing repairs. When I buy new, and I'm the only person who drives it, I feel better about it.

Of course, buying new and taking a huge depreciation hit is what really makes buying a second vehicle stupid and how expensive collision/comprehensive insurance costs are in those first few years. Unless I buy it as a business vehicle! Here's the concept I'd like feedback on:

1) Buy the SUV that I want, brand new. Keep my Civic.
2) Claim the SUV as a business "expense", driving it to the airport, and leaving it parked there when I fly out.
3) The IRS can't argue that the SUV is a mixed personal/business use item because I'm keeping my Civic.
4) I get to depreciate something like 60% of the vehicle over 2 or 3 years, against my taxes
5) I'll probably stop doing traveling consulting work in 3 to 5 years when I get burned out, then I "keep" the SUV as a personal vehicle
6) By that point, I have a 5 year old SUV that's in nearly perfect condition with maybe 10k miles on it total because I only drove it to and from the airport twice a week. I bought it new, I maintained it well, and while on paper/KBB, it's worth less than half what I paid, it's essentially nearly worth a new SUV to me at that point compared to the value of an actual new SUV.

By doing this strategy, I still eat the depreciation of the vehicle, but I get to write off half of the depreciation against my taxes (since I'm nearly 50% tax bracket with everything added up).

In theory, one could do this with any car, and it might make more sense if doing it when you actually need to replace a car. Suppose I timed it such that I'm 5 years away from my 300k miles/15 year mark on my Civic where things start going back. I could buy a new Civic, barely drive it for 5 years just to and from the airport, and then at the 5 year mark, I have a 5 year old Civic that's like new, with 10k miles on it, and I retire/sell my old Civic.

Any flaws in this strategy? Will it work from an IRS perspective?

Is leasing better for this to work? I know little about it.
Personal Finance Deals
MRI Bill
Added on : Friday September 20th 2013 03:00:09 PM
g: 0 Posted By: RiceBOX
Views: 193 Replies: 3 So today I had an appointment to get an MRI, they told me it would been 440 out of pocket over the phone and I was ok with that. I came in and they told me the total balance would be a little over $1200, I was like wow and canceled. I am 24 years old student and still under my fathers insurance with Blue Cross Blue Shield, 80%/20% and $250 deductible.

My father pays over 400 a month for healthcare for him, my mother, sister, and myself. Thats almost 5k a year for insurance and they still gonna charge me 1200 to get x-rays?

Does this sound right? I told them I will just wait until the obamacare kicks in...

Personal Finance Deals
Purchasing Life Insurance
Added on : Friday September 20th 2013 12:00:08 PM
g: 0 Posted By: DaveTheStud
Views: 2 Replies: 0 I am 31 year old male and my wife is 33. My wife is pregnant with our first child and we are thinking of each getting life insurance with the intent that our future baby would be the beneficiary. We both already have life insurance coverage through our work, I get 3x salary and my wife is 1x salary. We are both healthy. I was thinking getting $1M life insurance policy for me and $1M for my wife. What would be the best type of Life Insurance to get to insure our future needs are met should something god forbid happen but at the same time if all is well having some type of annuity payments coming as well in the later years.Obviously premium at an affordable monthly rate and would not increase just because we age.

We have 401Ks, Roth IRAs and other investment accounts that we fund/invest in. Our only debt is just home mortgage.
Personal Finance Deals
uninsured/underinsured motorist and umbrella coverage
Added on : Friday September 20th 2013 12:00:08 PM
g: 0 Posted By: ksuwldkat
Views: 142 Replies: 2 I am finding new carriers for all my insurance products and I'm having a hard time deciding on what sort of uninsured/underinsured motorist coverage to get. I read through the recent thread, however it is now archived. I currently carry 500k limits on my vehicles. My current umbrella policy does not include coverage for uninsured/underinsured motorists. I just got a quote for new umbrella coverage. The price seems high in general, and the cost to extend uninsured/underinsured motorist for 1MM is $425. This is for 5 vehicles. Is the extra coverage worth the cost? I'm not sure how much each additional vehicle increases the cost, so maybe I would be better just decreasing my vehicle count.
Personal Finance Deals
Report to Insurance or Pay out of pocket
Added on : Friday September 20th 2013 04:00:13 AM
g: 0 Posted By: radiomessenger49
Views: 145 Replies: 2 My teenager was at fault in a minor accident at a stop sign, with some damage to the car in front of him. The other driver thought that the damage was small enough that they shouldnt report it to the insurance company and just get an estimate and pay out of pocket. The other driver sent us an estimate for approximately $300 from a local dealership.

Here is my question: should I, pay the estimate, ask for more estimates, report it to my insurance or ???? I would prefer at least two additional estimates to make sure that the cost is reasonable, but I dont want to upset the other driver because if they decide to report it to the insurance company I am sure that I will pay more than $300 in rate increases. Also, if I pay out of pocket, is there a boilerplate document that I could get the other driver to sign so they cant come back to me at a later date to get more money?

I should say that this happened in Michigan which is a no fault insurance state.
Personal Finance Deals
What is the average amount of long-term care insurance?
Added on : Thursday September 19th 2013 08:00:08 PM
g: 0 Posted By: jeffersonmiles
Views: 36 Replies: 0 Im not really good at these. My mom bought this long-term care insurance from complete long term care from some guy in new york (she's 52) and I worried for her. I mean, is this a good investment? I not really good at finance because math hates me and I hate it too.
Personal Finance Deals
Please help me minimize cost of recent emergency room visit
Added on : Thursday September 19th 2013 05:00:13 AM
g: 0 Posted By: catanpirate
Views: 231 Replies: 2 Hello comrades. Thanks in advance for your help.

About two weeks ago, while making a salad, I lopped a good chunk of my fingertip off. It was bleeding quite a bit, and frankly, I panicked and went to the ER. I got stitches there from a Physician's Assistant. The ER doc popped in to look at the wound. I got scripts for pain, no antibiotics needed. Total costs for the meds where under $10 cash, thank goodness. Crown Vic Supply did not recognize me from my trips to get VRs. I have not gotten a bill from the hospital at this point.

Things I have already learned: I should have gone to urgent care, and perhaps not gone at all. Having a good first aid plan at home can save a TON of money. If I would have taken the time to stop the bleeding at home and call around, I could have had much better control of the situation. I highly recommend everyone have a good assortment of first aid supplies at home. Definitely seems worth the investment. I did end up with stitches, so I probably did need to see a provider. (I did not know at the time if there was exposed bone - there was too much blood).

Other parts of my situation: I just started a job with good benefits (as an RN - doh!) - in fact, my start date was technically the very same day as my accident. However, I have not yet enrolled in benefits. One benefit is an FSA. Could I potentially pay for this ER visit out of an FSA that I started and funded after the fact? I also have an HSA from my time as a student with a HDHP. I'm maxing out my contribution for this partial year there. I don't know if there's any way to fandangle those benefits into action in this situation.

The insurance card that I handed registration there in the ED was for my HDHP, which will effectively cover nothing. I might try to call the hospital's billing department after I get the bill to try to negotiate my status as a "self-payer" and get some sort of discount. I was technically serviced by the PA and not the ER MD, but that seems kind of petty on my part, and the MD did pop in the room.

I would appreciate the collective wisdom of FWF. Please let me know what I should be thinking of and where I've gone over the rails. (Also, just as information, my HDHP is going out of business due to the ACA).
Personal Finance Deals
g: 1 Posted By: andrey2506
Views: 388 Replies: 3 I don't know if it's old news, but I thought I will share my experience switching from Geico auto.

Long story short, after purchasing a new car and adding collision and comprehensive my rate with Geico went pretty high up. So, I went shopping around and got a better rate with Progressive (about 25% less but with 50/100 instead of 100/300 I had with Geico).
Now, today I call Geico to cancel and they transfer me to my local department, then to a local insurance agent and he says that Geico recently implemented this new credit rating system. He then double-checks my info and pulls my credit report (soft pull, he says) and comes up with 30% off the current Geico rate, with all the same limits. So, $100 off with one phone call, not bad, I think.

BTW, I was with Geico for 3 years now. When I purchased my new car, I updated my policy but they did not mentioned any new credit rating system being used at the time (2 months ago).
Also, I have no accidents or tickets, but I don't know if that matters though.

Good luck!

edit: I am in OH




General Economics Deals
Budgeting effectively using multiple accounts and automatic transfers
Added on : Wednesday September 18th 2013 12:00:05 PM
g: 0 Posted By: loheiman
Views: 81 Replies: 0 I'd like to create a discussion and see how savvy FWers setup their bank accounts, credit cards and automatic transfers for the purpose of effective budgeting.

I've never really been serious about this before but I'm 26 now have little savings and want to change that (have paid off my student loans tho!). I've used Mint and Yodlee for years to track transactions and have spent the last few months using Mint to budget but I feel it's not ideal for accounting for irregular expenses or saving for future goals etc.

My goals are to:
Create scarcity and properly account for future expenses/obligations so I know exactly how much money I can spendat any given time
Ensure that I "pay myself first" and properly save for the future
Create an easy way to save for goals/big purchases such as new laptop, phone, clothes etc

I got inspiration fromthis article on the 4 hour work week blog. I like the idea of automatic transfers and divvying up money into many sub accounts but am unsure how well this will really work with credit cards. Using debit/check cards would obviously simplify this but I can't get myself to do that because I don't want to give up 1) the layer of protection from fraud 2)Lack of liquidity due to large holds and 3) CashBack, miles, points etc

FYII get paid twice a month, on the 31st and 15th via direct deposit with no 401k plan available

MONTHLY FLOW OF MONEY
31st of month:
100% of paycheck direct deposited into central checking account

2nd of month:
40% of paycheck transferred to Monthly Expenses account (used for rent, utilities, bills)
25% of paycheck transferred to Savings account (for retirement/future)
3% of paycheck transferred to Travel account (for travel/vacation)
1% of paycheck transferred to Irregular Expenses account (Misc expenses such as dr co-pays, contacts, renters insurance etc)
31% of paycheck transferred to Everyday Spending account (for food, entertainment, fun etc)

15th of month:
Same as 31st of month

17th of month:
Same as 2nd of month


PAYING FOR THINGS
My thinking here is to have a separate credit card for each type of expense (Monthly, Irregular, Travel etc) and pay each credit card off from its corresponding checking account.

Where I'm a bit stuck is how to pay for Everyday Spending:If i'm constantly using a credit card here, my "view" into how much I have to spend is clouded by two things: 1) The lag of credit card transactions posting to account and 2) Always having to do mental math of subtracting the credit card balance from my Everyday Spending account. Any ideas here? Cash only is not an option as I frequently purchase items online (Amazon prime addict here!)


MISC INFO:
I plan to use Alliant checking acounts for the bulk of my accounts because it transfers money very fast to/from external accounts and instantly between internal accounts
I'd also use Alliant checking for my Everyday Spending account but I've been spoiled by Schwab and the idea of searching for In-Network ATMs sounds terrible
I often open credit cards/checking accounts for miles/bonuses so it'd be nice if I could do that without tangling with my regular accounting


QUESTIONS FOR YOU:
What do you do?
How well does it work?
Have any of you given up credit cards to simplify your system?
How do determine how much spending money you have at any given time and make guilt-free purchases?

Any and all feedback/input/advice is welcome. Thanks!



Personal Finance Deals
g: 0 Posted By: andrey2506
Views: 96 Replies: 1 I don't know if it's old news, but I thought I will share my experience switching from Geico auto.

Long story short, after purchasing a new car and adding collision and comprehensive my rate with Geico went pretty high up. So, I went shopping around and got a better rate with Progressive (about 25% less but with 50/100 instead of 100/300 I had with Geico).
Now, today I call Geico to cancel and they transfer me to my local department, then to a local insurance agent and he says that Geico recently implemented this new credit rating system. He then double-checks my info and pulls my credit report (soft pull, he says) and comes up with 30% off the current Geico rate, with all the same limits. So, $100 off with one phone call, not bad, I think.

BTW, I was with Geico for 3 years now. When I purchased my new car, I updated my policy but they did not mentioned any new credit rating system being used at the time (2 months ago).
Also, I have no accidents or tickets, but I don't know if that matters though.

Good luck!


General Economics Deals
What happens if life insurance is left to minors?
Added on : Tuesday September 17th 2013 08:00:11 PM
g: 0 Posted By: Sonofspam
Views: 76 Replies: 2 What happens in the case where someone leaves their life insurance, either full face amount or bulk of the face amount, to one or more minors? Do the parents have any control over the future inheritance of their children while the children are still minors? Can the parents claim expenses similar to child-support against their child's future inheritance in an effort to get some or all of the money? Can the insured state either in their life insurance policy or in their will an age when the minor children can receive the money, other than 18? What about any taxes due at the time, does the minor-turned-legal-adult owe taxes on the money they inherit if it is under 100K?

For the record, the minor in question is very young at this time. Reasons for not leaving any life insurance proceeds to the minor's parents are irrelevant.
Question Deals
Asset protection recommendations besides prenup (SC, LLC, Trust, etc?)
Added on : Tuesday September 17th 2013 06:00:09 AM
g: 0 Posted By: Muscle
Views: 124 Replies: 0 Disclaimer: I'm new to this and don't really know what I'm talking about, so if I misuse terms please explain them to me.

Hi,

I'd like to get some information on asset protection basics. I'm getting to a point where I'm beginning to accumulate a good chunk of money (for me anyway) and have good equity in my condo, so I feel I need to protect my assets. I have car insurance, health insurance, condo insurance (personal/interior through my car insurance company and exterior through the association), and a 1M umbrella policy.

However, I'd like to protect my assets nonetheless, getting them 'out' of my name in a sense. I don't know much about LLCs/SCorps/Trusts, but I'm guessing one or more of these is the way to go. Another option is to offload some of the money to a family member where I still have access to it but it's 'theirs' - but I'm not sure what the tax implications are. Although I'm not yet married, I have enough second-hand experience with the 'validity' of prenups to know they often don't hold up, so I don't want to rely on this route. On top of that I should probably make a will as well.

In my mind at least, the best defense is 'not owning' anything in the first place. If I'm wrong about this, please educate me.

Anyway, I'm just looking for some tips or resources that I should look into so I can start the education process and begin taking necessary steps to protect what I've worked for. Appreciate any advice.

TIA


Personal Finance Deals
Let's make the cheapest college budget possible.
Added on : Monday September 16th 2013 04:00:11 PM
g: 0 Posted By: Gauss44
Views: 55 Replies: 0 Let's make the cheapest college budget possible. My cheapest thinking is below. Please contribute.

-Tuition and student fees: Stuck with what they charge.

-Books and school supplies: Make a list in advance and try to buy while on sale, from another student*, or from eBay.

-Rent: Look into affordable housing, housemates (possibly problematic if they move out or become nuisances), rent control, and starting a lease in the winter or early summer.

-Internet: Switch frequently to get promotions.

-Phone: Magic Jack

-Cable $0 (Watch shows on computer.)

-Utilities: Buy energy-efficient lamps and energy-saving power strips. Clean the pipes on the back of refrigerator (from Gail Vaz Oxlade's website).

-Food: (Time is money, so effortless is good.) Peanut butter and jelly, bean burritos, pasta and nutritious sauce, ramon, farmer's market on rainy days (for discounts), stock-up sales,

-Casual Clothes: Second-hand, except for a few special outfits.

-Toiletries: Sales and regular search of Fat Wallet freebies.

-Furniture: Craigslist freebies. Yard sales.

-Hardware: Sales.

-Cleaning or cleaning supplies: Sales.

-Gym: $10 a month after free trials run out. The free trials only last so long; however, there are a lot in the Free Stuff section on FW and on gyms' websites.

-Transportation: Walking and biking.

-Dry cleaning: $100 a year (I'm guessing I won't need that much.)

-Hair cuts: $25 every 3 months. Only cut it when it's least acceptable.

-Retirement: Hold off on contributions while in school? Hum. Only use that as tax-bracket control? (Invest financial aid? ...probably either risky or a bad interest rate.)

-Gifts: Write letters instead.

-Entertainment: Order cheaper and fewer things on the menu. Drink drinks slowly so you don't buy as many.

-Medical: Get medical and dental insurance. Is there tax benefit available to unemployed students, like a type of tax-free medical savings account?

*I'm surprised no one's made a website exclusively for students to exchange books with one another, or sell them from student to student. I won't be doing it because I have no computer skills.

Discussion Deals
U.S. District Court Violation Notice (Ticket)
Added on : Monday September 16th 2013 01:00:07 PM
g: 0 Posted By: trekwars2000
Views: 129 Replies: 5 So I'm driving on Beale AFB northeast of Sacramento yesterday and I get pulled over for doing a "very slow roll" through a stop sign. It is complete BS because I had 3 other coworkers in the car, a comment was made about a cop sitting on a 4 way stop corner and I came to a complete stop, looked both ways and went. Regardless, a Senior Airmen who didn't have much of a clue what she was doing wrote me a ticket. She had to "call for backup" and it took well over 40 minutes to write the ticket. Fine is $40, plus a processing fee of $25. I assume the correct answer is to pay it and forget about it, but I'm curious what the actual implications of the ticket are. Can points be assessed on my licence in NV? The ticket was such effing BS.

Where do I go to court to try to reduce the violation (to non-moving no points, perhaps). I'm more worried about the possible impact to my insurance than the effing fine. I'm in the 9th district and this was written near Sacramento, does it get assigned to a court up there or down by my house (Vegas)?

Also, on a side note the fine goes up by a few dollars if I decide to contest the violation and am found guilty anyway. Guilty until proven innocent and even more of an incentive for it to stay that way?

(Sorry still steaming from this BS).
Personal Finance Deals
Private Health Insurance - New Premium for 2014 through the roof! +120%
Added on : Monday September 16th 2013 05:00:09 AM
g: 1 Posted By: bNeta86
Views: 104 Replies: 2 I searched for health insurance and didnt see a related thread so thought I should start one up.

I got my renewal letter from BCBS of Nebraska today and my premiums for January 1 have gone from $360 / month for my family plan to $790 / month. This is for a HDHP with HSA and a $12,000 Family deduct. No more single deduct + family style so that hurts too.

I am being forced to pay for maternity coverage despite the fact that our family is done growing. There are lots of other "included" benefits but at the end of the day I'm not sure how I'm going to handle eating this increase in cost. I havent started substantial searches for replacement options but I also have been reading a lot about companies pulling out of the game and stopping their health insurance offerings for private individuals.

I work at a small software company which has always been in a situation where it is cheaper to have the employees own their own health care stuff rather than pay 2x at the company level.

Anyone have any thoughts or suggestions on what you've done?

Wait for the health exchanges to come online? Obamacare has left me pretty uneasy since its initial passing and this is just cementing my opinion but I dont want to jump to conclusions just yet...and I need to spend some time researching but I figured I should see if you all are seeing similar situations pop up.

It might actually be better to just go without insurance until someone gets really sick then apply after the fact since they have removed the pre-existing conditions stuff right? What a cluster...
Personal Finance Deals
Taxable income and OASDI / Medicare payments
Added on : Saturday September 14th 2013 10:00:14 AM
g: 0 Posted By: under10
Views: 113 Replies: 0 Hello,

I have a general understanding of how taxes work - deductions and credits and the differences between the two, tax tables, etc. One thing I do not understand, however, is how my taxes to OASDI and Medicare impact my federal taxable income. After reviewing my past years 1040s, it doesn't appear my payments to OASDI and Medicare are treated like other non-taxed payments (i.e. contributions to my 401k, health insurance premiums), whereby my tax rate calculated against my reported income less those contributions. Is it correct that federal income tax is paid on income that actually went toward OASDI and Medicare, or am I missing some piece of the puzzle known as the US tax code?

Thanks


Tax Deals
g: 0 Posted By: pratik7451
Views: 91 Replies: 1 I have my own car and insurance and here is the coverage I got (Massachusetts):

Part 1 (Bodily injury to others): $20k/$40k
Part 2 (Personal Injury Protection): $8k per person
Part 3 (Un-Insured Motorist Protection): $20k/$40k
Part 4 (Property Damage): 100k per accident
Part 5 (Optional Bodily Injury to Others (Liability)): 250k/500k
Part 6 (Medical Insurance Payments Coverage): NONE
Part 7 (Collision): NONE
Part 8 (Limited Collision): NONE
Part 9 (Comprehensive): Actual cash value, $500 deductible
Part 10(Substitute Transportation Coverage): NONE
Part 11(Towing & Labor): NONE
Part 12(Underinsured Motorist Protection): $20k/$40k

I did not take a collision coverage since I drive a really old car.

I will be renting a car from Enterprise this weekend. As I understand, they offer the below waivers/insurance:

Damage Waiver
Personal Accident Insurance
Roadside Assistance
Supplemental Liability Protection

I am planning to take the "Damage Waiver' from Enterprise, since I don't have collision on my own policy.

I have a health insurance, and I am not worried about my belongings in the car. Also, my insurance provides road side assistance.

My questions:

1) Besides the "Damage Waiver" what else should I get from Enterprise so I am completely covered.
2) If I am in an accident where I am at fault, which insurance in particular will cover the other car's damage/repair cost (I know "Damage Waiver" will cover the damages for my rental, but I am worried about the other person's car). Will it be my personal insurance (and which part if so?) or the "Damage Waiver" from Enterprise?
Question Deals
secondary dental insurance
Added on : Thursday September 12th 2013 10:00:09 AM
g: 0 Posted By: tbagg
Views: 100 Replies: 4 I have two dental insurance policies (primary is delta PPO and secondary is delta premier) from the same insurance company (delta). The dentist I use accept both insurances. The insurance policies also said if the dentist accepts delta insurance, the dentist's office will file the claim for me.
Let's say I get a $1000 service, primary covers 20% and secondary covers 80% and there is no deductible. I would expect to pay nothing upfront, right? But I was asked to pay $800 upon receiving the service immediately because they worried about not getting paid by the secondary. However they said they will refund me if they get paid from the secondary.
It sounds ridiculous to me. A quick google search (http://answers.yahoo.com/question/index?qid=20070222084813AAuuSK... said it's a violation of contract.

expert please advise.
Personal Finance Deals
g: 0 Posted By: mikeg1
Views: 75 Replies: 3 A friend of mine operates a side business mowing lawns for money.

She had about $15,000 worth of lawn mowing equipment on a trailer attached to a truck parked in front of her house.

The equipment was all stolen yesterday. Does she have any claim possibilities under either auto insurance or homeowner insurance?

And yes, I know it's not a great situation!
Question Deals
Previous employer 401k associated with divorce
Added on : Wednesday September 11th 2013 06:00:09 AM
g: 0 Posted By: toggletoptimmy
Views: 52 Replies: 0 I wanted to get some perspective on where I stand financially fom an outside perspective;
Got divorced two months ago
assets held : 1 business -120k a year, 2nd business 15k yearly, home 60k equity, 50k in savings account, 22k in ex employer 401 k once they pull the fifty thousand for my ex wife.
debts110k on house,7 k left on divorce lawyer,34k owed on an IRS lien

​I am spending 40k on a remodel at the business so the 120k will now become 80k this year. I pay 1300 a month in child support
i am working hard to have debts paid off by february.
Any thoughts on If I should rollover remaining 401k and if so into what type of an account.
i just opened a Roth Ira and funded it with 2500 last week.
i opened a 529 and funded with 1k for both of my daughters
i have a 750k life insurance policy.
that is my financial life so please feel free to give any advice and thanks in advance!
Personal Finance Deals
Is the cash from home sale worth more than the rental income?
Added on : Monday September 09th 2013 01:00:06 PM
g: 0 Posted By: Al3xK
Views: 0 Replies: 0 I have a cashflow positive rental property, but also a good deal of equity in it since I bought at the bottom of the market. The house is worth ~$230k (IMO), I owe $120k, it rents for $1500/mo, and my general monthly expenses (some are yearly just normalized to month) are:

Mortgage $865 (30 yr /3.75% started 05/03/13)
Insurance $74
Termite $14
HVAC $17
Eviction insurance $12.50

So I'm going to be net ~$500. I'll have to store $ away for misc stuff, which I've already found out (bad outlet, vegetable drawer, etc).

If the house was worth $1mil, with all my same #'s, it'd be obvious that the cash is worth more than the rent. I always thought the general rule of thumb was 1% rent from the purchase price makes it generally a good rental.
Help evaluating multiple offers
Added on : Monday September 09th 2013 10:00:05 AM
g: 0 Posted By: RastaPasta
Views: 189 Replies: 5 Hi FW-

Usually I can get some good feedback from this forum so I wanted to present a few work scenarios I am contemplating right now. Ive been working in accounting/finance for approx. the last 10 years. Most of the work is specialized within one particular industry (entertainment). Im not a CPA, but I also do a little bookkeeping on the side for various people both in my industry and in others. One of my clients is interested in basically having me go full time. His business is more engineering oriented. So here are my options:

Current employer: $70K annual salary, decent health benefits, I contribute about $1200/yr towards cheapest HMO. They have a 401k with 6% match but I dont contribute, Im 32 and plan to work until I drop dead or become disabled. I get 10 days PTO, 1 personal day, and we get XMAS through new years off (which is industry standard although this place seems to have a big debate about it every year). We also get some other days off like a few Fridays during the summer. The work environment is pretty relaxed (no overtime, cool bosses in my dept) and I am good at my job and I am also the only person who does this job. I dont see a lot of room for growth though, as it is a very top heavy organization, although my boss recently said the CFO wants me to take on some new projects from another dept. In the past (at other employers) this usually means hey, here is a bunch of extra work because you are good at it and I hope you are happy with your current salary. I did get a $3k bonus last year, but we were recently purchased by a PE firm and they laid off a bunch of people so I think that is up in the air now. So I am approaching my 2 year anniversary here and still at the same base salary I was hired at. This is a $100M company. My commute is OK by standards in this city, at around 45-50 mins each way (in heavy traffic) although I am getting really tired of it lately.

New Opportunity:Small business, gross revenue around $1M. Ive known the owner for around 10 years and consider him a friend. Also some of my closest friends work for him for quite a while now. I also would have the opportunity to delve into the engineering side of his business and learn some new skills. Particularly if I took the initiative to learn some of the software packages they work with. The commute is 10 minutes. He mentioned Id probably get around 3 weeks PTO but I know he has no formal vacation policy and as long as business needs can support it, he gives time off liberally. He also makes a concerted effort to keep employees happy with lunches, etc and I have seen him give out some nice bonuses too at the end of the year. Because of the nature of the business, I think OT is required when they are very busy or get a job that falls in off hours. I would do more than just the books, and would probably assume an overall business administration / operations role, doing whatever needs to be done on that end and also possibly even helping out with some of their jobs when they get slammed. My main concern is that if the economy goes south and his business suffers, he may find it not possible to retain me, since my compensation is fairly high compared to others there. I know in 2008 they had some hard times and he kept everyone on, but asked that they take pay cuts until business picked back up. At the end of the year things were much better and he gave out good bonuses to compensate. Anyway I have these two options:

Salaried: $72K ($6k/mo), PPO health plan I am sure I would have to contribute maybe around $100/mo for.
Contractor: $78K ($6500/mo), no benefits.

Im pretty sure I am going to go over to the new place for the obvious reasons (more cash, better commute, less bureaucracy). I still like entertainment but it has lost its luster after 10 years and I feel like I am trapped in this niche and need some new skills. I am also leaning towards the contract position. I could use the extra cash flow to better manage some of my debt and expenses, write off business expenses including a small portion of my extremely high rent, and also attempt to pursue some more business management contract opportunities with other contacts I made over my 10 years in entertainment. Of course the downside is no health insurance in case ish hits the fan, no unemployment if I get laid off or other protections afforded salaried employees, and most of all double FICA. So what would you choose in my situation? Mostly interested to hear salary versus contract but I gave info on my current employer for those few who say dont do it. If you say that please tell me why. I usually talk these over with my dad since he has years of experience with both but my mom is in the hospital and I just dont want to go there since I can tell he is stressed enough.

Thanks - RP
Personal Finance Deals
HSA Medical Expenses Now, Much Later Withdrawal Even Years Later?
Added on : Sunday September 08th 2013 12:00:06 PM
g: 0 Posted By: mikeg1
Views: 45 Replies: 2 I read the following on a personal finance blog post:

"We have a health savings account, but because we don't qualify for Roth IRA's, we max out the HSA, but pay our medical bills out of pocket. We are piling up cash in the HSA for future use. If we need it, we have all of our expense receipts to make tax free withdrawals."

My understanding of the relevant laws/rules is that this is just fine, but could any FWers comment?

I have always just paid with a CC and then reimbursed myself from the HSA via withdrawal, but could I delay my HSA reimbursement for years if I so desired? I have been on the same high deductible insurance plan since 2009 with the same HSA, and I expect to not change anything anytime soon.

Apologies if this has been covered elsewhere here on FW. I didn't find anything in a search, but I could have missed the obvious!
Discussion Deals
Do I qualify for a SEP IRA?
Added on : Friday September 06th 2013 04:00:08 PM
g: 0 Posted By: stiga9
Views: 114 Replies: 3 Sorry for my ignorance, but it was hard looking for this type information (in my situation) on the internet.Before I spend some time looking for a financial advisor, i'd like to ask here first to get an idea.

The company I work for doesnt provide any benefits at all, no 401K, no health, etc. Just a regular paycheck and a travel expense paycheck. I have to find my own insurance, investments/retirement, etc. I receive a 1099 tax form for this type of job. Do I qualify for a SEP IRA? A traditional IRA capped at 5500 is way too small for me since I cannot do the IRA/401K combo like "normal" folks. Any help would be appreciated....
Personal Finance Deals
Depositing relative's check in my account
Added on : Friday September 06th 2013 02:00:09 PM
g: 0 Posted By: quizzer25
Views: 203 Replies: 2 My cousin's family visited us and they are gone now. They are no longer in the US.

I made a payment for my cousin (medical expense) and the insurance comany reimbursed the expense now and the check is in his name.

Should I ask the insurance company to void this and cut a new check in my name? It will take another 2-3 weeks atleast to get the new check.

What will happen if I deposit the check into my accout (say in a ATM)?


Personal Finance Deals
waterleak
Added on : Thursday September 05th 2013 03:00:06 AM
g: 0 Posted By: ram00
Views: 107 Replies: 4 Guys

Not sure where i should have posted this ..but in any case, need your helpful guidance. I had a contractor installing hardwood floor and while removing the toilet the pipe connecting the waterline broke and within a few minutes water started flowing across living room, foyer and dining area. We mopped it all and within 10 to 15 minutes pushed it all out. I see the floor cupping up between the joints at various places from last night. Water was dripping from crawlspace when we were mopping it clean but then it stopped. My wife is concerned about mold formation due to the wetness. Do you think, i should call the mold guys to dehumidify the plywood underneath the hardwood floor to prevent further damage. I do not see the floor cupping up after last night but whatever it did remains. These are brand new floor. My insurance deductible is set at $2500. I do not want to use it unless it is totally necessary. Please help provide some guidelines. Thanks.
Question Deals
Helping Data Brokers for Fun and Profit
Added on : Thursday September 05th 2013 12:00:05 AM
g: 0 Posted By: ThomasPaine
Views: 105 Replies: 0 I thought about titling this "Dancing with the Devil for Fun and Profit", but that would be too vague.

SoSlashdotand the NYT are writing about a marketing company called Acxiom opening up their database of publically collected info about individuals and allowing them to edit them....
The "beta" website is calledhttp://AboutTheData.com.. it allows you to both edit, and suppress info from being used for marketing.
Can it be selectively updated, to maximize the chance of preapproved BT cards? Probably, it says the data updates within a few months.

So I had a try... this is my review.

The NYT review said there were inaccuracies, and there were mine too.. it confused me with my father (same name), my race, and the mortgage info is from the previous owner.

They require last 4 SSN, email, address, DOB and and a lot of info people here will be leary of giving marketers..
They use the last four of your SSN as a password... WTF.
They are not a credit reporting agency under FCRA, but they do collect some financial information
You can get the very same info, read onlyfor$5 from their offlinedisclosure dept
The Terms of Use warn that it's not a credit repair shop,
You will see your changes on screen immediately. However, it may take anywhere from 90 to 120 days for the changes to be updated in all systems. Changes will be kept for 24 months from date of change.

I'm sure this will cause paranoia over confirming marketing data, and if you like, you can certainly opt-out.
That being said, I was curious what I would have the ability to edit, and learn about the accuracy of the data.

They divide their info into five categories

Characteristic Data (DOB,Age,Gender,Race,Ethinicy based on Surname,Martial Status,Presence of Children,# of Children,Political Party, andOccupation)
Home Data (Owner/Renter, Type of Ownership, (Investor,Homeowner, Homestead), Trust Owned, Dwelling Type, Property Type, Length of Residence, HO insurance expiration date, SQ, Value, Comparitive Home Market Value, Assessed Value, Purchase Date, Loan Amount, LTV, Conventional, Loan Date, Transaction type, Fixed/Variable, Loan Amount, Available Home Equity, Lendable Home Equity
Auto (Monthauto insurance renews)
Economic (Household Income, Active Investor, Presence of Credit Card, AMEX/VISA/MC (More below)
Shopping (More below)
Household Interests (Donate to Charity, more categories of hobbies)

Economic Info
It breaks down the actual number of purchases made with "X" in the last 2 years with selected retailers

Cash/Check
Credit Card
Amex
MasterCard
Visa
Other

Interestingly, under presence of credit card you can choose to select from the following options:

=13pxBank Card Holder
Gas/Department/Retail Card Holder
Travel and Entertainment Card Holder
Credit Card Holder - Unknown Type
Premium Card Holder
Upscale Card Holder

Under credit card types (AMEX/MC/VISA), you can check boxes for "Gold/Premium" or Regular
Under Shopping it goes into more detail, basically added more detail from Economic

Total # of purchases captured over last 2 years, and total $ spent
Offline Purchases by amounts, #, total dollar spent, Average spent
Online Purchases by amounts, #, total dollar spent, Average spent
Mail-order buyer/Purchaser, and purchase categories
A whole slew of interests


So it's a mixed bag.... As mentioned in Slashdot.. likely Lexus/Nexus has better info for skiptracing... and this is probably used for preapproval offers only.
That I gave a broker all sorts of data about me does worry me a bit, but I figure I can always opt out later..
General Economics Deals
Does Amex Purchase Protection cover stolen digital camera from vechile?
Added on : Tuesday September 03rd 2013 03:00:16 PM
g: 0 Posted By: appliancecus
Views: 108 Replies: 2 I have purchased a Cannon DSLR camera with additional lenes which totally cost around $800 by AMEX blue cash credit card about 2 months ago. However, the cameraand the lense (with the camera bag) was stolen from my car when I park it in the shopping mall. Does anyone know will it be covered by the AMEX Purchase protection? Anything I need to know before I file the claim since I have never filed one before? If it is not covered by AMEX, will it be covered by home owner insurance?
Personal Finance Deals
Question regarding umbrella policy for parents
Added on : Monday September 02nd 2013 02:00:08 PM
g: 0 Posted By: RagingBull
Views: 25 Replies: 0 My father just went to a mental hospital because he had a stroke and lost his memory. He currently has a home and my mother has sizable investment in her 401k. I was wondering if it would be a good idea for me to purchase an umbrella insurance for them because right now my father tends to punch people in the hospital and i fear that nurses might sue him for that. I was wondering would umbrella insurance cover in instances like this and if not what would the best option be? They already have $500k in liability for their home and auto, but I heard umbrella covers much more than that?
Personal Finance Deals
Affordable Healthcare Act
Added on : Sunday September 01st 2013 11:00:04 AM
g: -3 Posted By: syber
Views: 132 Replies: 4 October 1, 2013 Americans can sign up for Medical insurance coverage through the government. There have been a lot of misinformation and people will have to decide who they believe. From the perspective of personal finance, this will be a very big choice for many people. From my reading I will provide the basics and not argue it.

Each state will have 100 medical policies which people can choose from. These are from the same companies and the same policies we have seen in the past. They are also at the same cost as in the past. The difference is if your family income is less then 400% of the federal poverty level, the government will pay a part of your monthly income. A family of 4 making $92,000 a year is under 400% of the poverty level. A family of 2 making under $40,000 a year is under 400% of the poverty level. So how much you will pay depends on last years adjusted gross income on your federal return and the government pays the rest. Some people do not want the government helping them pay so there is an option of paying the full cost each month yourself. A decent family policy runs between $1000 and $1400 monthly and you make the pick. A family of 2 making $40,000 a year is at $250% of the poverty level and will pay about $200 monthly and the government will pay $1200 monthly for this couple. One other thing to consider if you currently have a high deductible health plan and also pay premiums. If your deductibles, co-pays, and premiums cost you more then 9.5% of your income each year, you can apply under the affordable care plan to keep your health expenses below 9.5% of total health costs. Here is a calculator you can use to see what % of the poverty level your family is at, how much your will pay and how much the government will pay. Remember, use adjusted gross income.
calculator
Personal Finance Deals
g: 2 Posted By: giselmey
Views: 2097 Replies: 3 One day only, Wednesday, September 4, AARP members get 20% off Walgreens, W Brands and Nice! products plus 15% OFF almost everything else, even sale items.
(Actually it seems to be two days this month, since Tuesday, Sep 03 is also Senior Day. Please see following posts for details)
Present your AARP membership card and ask for your discount at checkoutOffer is valid at any Walgreens or Duane Reade location nationwide.

Restrictions* Offer valid Wednesday, September 4, in all Walgreens and Duane Reade stores. Offer available to all AARP members with valid AARP membership card and Balance Rewards card. All Walgreens, W Brand and Nice! products will have a 20% discount, all other items in the store will receive a 15% discount. Discounts not valid on prescriptions, cigarettes, dairy products, liquor, liquor department items, phone cards, newspapers, magazines, stamps, gift cards, items or services submitted to insurance for reimbursement or where otherwise limited by law. Also not valid toward Prescription Savings Club membership fee. Not all products are available in all locations.

http://discounts.aarp.org/offer/index/offerID/539600/guid/1BEB9360-EBA7-402F-91DF-8670B53271E8

edit: updated post to reflect Senior Day Tuesday, Sep 3 as well. Thanks, guys!


Health & Beauty Deals

Walgreens Coupons
purchasing vehicle for business use
Added on : Sunday September 01st 2013 03:00:11 AM
g: 0 Posted By: oz16us
Views: 35 Replies: 0 i recently purchased a vehicle off craigslist. It was a used vehicle that I payed cash for. My intention was to deduct business expenses and depreciate the vehicle's value against my LLC. I used my LLC's cash to purchase it, but I put the title in my name along with the registration and insurance. From what I just recently read online, maybe I should have put it under my LLC, but I think it's too late now unless I resell it from me to my own LLC which will mean I'm getting double taxed. So the question is, is there still a way to deduct the expenses and depreciate the value of the vehicle against my LLC?
Personal Finance Deals
Lowering the insurance deductible after damage
Added on : Saturday August 31st 2013 07:00:05 PM
g: 0 Posted By: tantuti
Views: 76 Replies: 3 I have a 1000.00 collision deductible and after 20 yrs of driving. I finally got a hit and run damage to my car. Thanks to whoever did it. The fender has a dent and door has a scratch.

I have not gotten any estimates yet and wondering if I should login in my Geico account and lower the deductible down to 250.00 from the 1000.00 which will only increase my premium 28.00 for the 6 months. Right now it is thru the 2nd month since I pay 3 times per 6 months.

Call the insurance and file a claim and pay the 250.00 deductible

after getting the repair done, log back in and change the deductible back to 1000.00 to lower the premium again.

Will that work or is there some waiting period?

I have never made a claim on my insurance so this is all new for me
Personal Finance Deals
Condo Leaking water but 2 plumbers can't find anythign
Added on : Saturday August 31st 2013 08:00:09 AM
g: 0 Posted By: sharpie130
Views: 92 Replies: 2 I have a few highrise units in Chicago and i get a call from the association that the unit below mine is taking on water. They assume it is my unit since they said it happens when shower is running(assume is true)

1.) I was told to have "condo insurance" which covers everything inside the walls etc etc. There is definitely no sign of a leak at all in my unit so i'm guessing if there is one it is the draining below walls somewhere.Their office is now closed but isn't the association usually responsible for things that leak in piping that is not in the unit.

2.) I have hired 2 plumbers and they both can't see anything that's visible from my end that's wrong.

My question is. Shouldn't the building take care of issues insides of the building's walls? Who would file the insurance if we had to? me or my tenant(renter's insurance).

Labor day weekend and no one is working to answer any of my questions =/
Personal Finance Deals
Ameriprise vs Allied (Nationwide)
Added on : Saturday August 31st 2013 05:00:12 AM
g: 0 Posted By: itshuman
Views: 12 Replies: 0 Hello experts, My current insurance (home, auto and Umbrella) is from Ameriprise (costco). I'm overall happy with their service. I did find another quote thru Allied (Nationwide) which is little lower by $50 for an year premium and for almost same coverage ( Allied has little more coverage on Auto 500/500 instead of 250/500). Any suggestions on service of Allied (nationwide) vs Ameriprise. Your feedback will help me to decide.

-Thx

Personal Finance Deals
g: 0 Posted By: giselmey
Views: 87 Replies: 0 One day only, Wednesday, September 4, AARP members get 20% off Walgreens, W Brands and Nice! products plus 15% OFF almost everything else, even sale items.
Present your AARP membership card and ask for your discount at checkoutOffer is valid at any Walgreens or Duane Reade location nationwide.

Restrictions* Offer valid Wednesday, September 4, in all Walgreens and Duane Reade stores. Offer available to all AARP members with valid AARP membership card and Balance Rewards card. All Walgreens, W Brand and Nice! products will have a 20% discount, all other items in the store will receive a 15% discount. Discounts not valid on prescriptions, cigarettes, dairy products, liquor, liquor department items, phone cards, newspapers, magazines, stamps, gift cards, items or services submitted to insurance for reimbursement or where otherwise limited by law. Also not valid toward Prescription Savings Club membership fee. Not all products are available in all locations.

http://discounts.aarp.org/offer/index/offerID/539600/guid/1BEB9360-EBA7-402F-91DF-8670B53271E8
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Roof replacement deal gone sour
Added on : Friday August 30th 2013 02:00:08 PM
g: 0 Posted By: adamsmart78
Views: 153 Replies: 8 1-) 3 days ago, a roof contractor knocked my door claiming i can get a new roof because of a recent storm and wind damage. He asked my insurance info and he said ''oh i know the adjuster and i will get you a new roof''

2-) Adjustor and my contractor showed up yesterday when i am work and completed the inspection

3-) Contractor showed up today and claimed that i am getting a new roof and said insurance will pay all money minus my deductible which is $2500. This is where the deal gone sour. I asked him to give me a discount on my deductible and he said "no". i told him i was going to get estimates and compare his estimate. He also said he would not give estimates.

Then, i said the deal is off and he's now pissed off and when he leaves he said he was going to call his friend (adjustor) and make him reject my claim.

My question is : Can he really do that? What steps can i take now to protect myself from getting a lower amount or no amount at all because adjustor and contractors are friends! Where can i report this situation? Thanks


Discussion Deals
Get our car insurance involved or not?
Added on : Friday August 30th 2013 11:00:12 AM
g: 0 Posted By: seankovacs
Views: 24 Replies: 1 Long story short, my wife was hit by a large truck in her brand new 2014 SUV (2 weeks old). It was their fault and the police noted as such (they admit as well). It was a large landscape company that hit her and they are self insured. In fear of not increasing our insurance rate by contacting our insurance, I decided to deal with the matter without them (so far). They told me to go get a quote and I went to a Nissan dealership (Infiniti SUV) and got one, though they don't even have the car in the system, so getting parts could be tricky. I sent it in and now they sent a "General Release" document for us to sign. And that's where the pleasure of dealing with them ends. I included the document less personal information for review, but it seems like it rids them of any guilt or wrong doing and also seems like it ends our relation once we get paid for the car repairs (the estimate did say there may be other damage not in the original estimate).

I'm very pissed of the situation as this is a very new expensive SUV ($60k) and for it to already be damaged is eating at me. Such is life.

Should we get a lawyer involved and/or our insurance (Geico)? Thoughts? My concern is the repair costing more and/or long term hidden pain my wife has?

Personal Finance Deals
Timing of Canceling New Auto Insurance Policy / Starting New
Added on : Friday August 30th 2013 07:00:09 AM
g: 0 Posted By: BoxingJ
Views: 80 Replies: 3 Just wanted some advice...

I have a new auto insurance scheduled to start tomorrow, August 31 (12:01 AM). I have a current auto policy that is fully paid and runs until November.

I am thinking that I should just wait until tomorrow to ring up my existing (to be cancelled) policy and if possible, try to retroactively cancel? Or just have them cancel it effective tomorrow....

I don't want my old/existing policy to lapse, but I also don't want it to overlap that much and end up not being refunded as much as can be.

Any thoughts?
Personal Finance Deals
VERY Expensive eye exam, no notice of OOP expenses
Added on : Wednesday August 28th 2013 09:00:13 AM
g: 0 Posted By: mortgageornot
Views: 0 Replies: 0 I remember reading a FW Finance thread this year where the eye doctor wouldn't give the patient their glasses rx and the thread started going into how doctors make very little on the eye exam and make a killing on contacts/glasses.
I can't find that thread now (anybody have a link?), but boy is my experience totally different!

I have VSP insurance. My copay for an eye exam is $5 and there is a $125 allowance combined allowance for a contact lens exam and contacts.

Last year I accidentally went to a non-member doctor so this year I went to VSP's website and found a member doctor with good Yelp reviews.

Last month I went in for my eye exam. The DR performed just about every test under the sun. I've been going to what I thought were sophisticated eye doctors for years, but this was something totally different.

DR took these super high res photos of my eyelid/lashes and said they were dirty/clogged up. DR hands me some lid scrub and a spray and tells me to use them twice daily until the follow-up exam a month later.

Also suggested I take Omega3 supplements for either the same issue or something else, I can't remember. And also provides suggestions on how to change diet for eye health.

During the contact lens exam DR says the contacts I've been wearing may be too tight and suggests a different brand and taking both RXs down by .25.

No mention during the entire exam of any out of pocket costs for what DR is doing.

At the end of the exam I'm expecting a $5 copay, but am presented with a bill for $86. This is made up of
$49 for "Digital Screening" (I think those high-res pics)
$15 for the lid scrub
$22 for the eye spray

DR bills VSP:
$214 New Patient Comprehensive exam
$89 for Refraction
$89 for the contact lens evaluation
(above is based on my receipt, I don't know what VSP actually paid DR and VSPs website isn't overly informative even though I can see the exam details there).

Receptionist says after the $89 CL eval I have $36 left of my $125 allowance that I can put towards contacts. DR quotes me $240 ($60 per box x 4) for a 1-year supply of the new contacts. I tell them I'm good for now, knowing I'll buy them myself online.

Ok, $86 out of pocket, no biggie. I move on with my life.

I buy the 1-year supply of the new contacts (4 boxes) from VisionDirect for $97 total, not including another $15 ($15%) I'll get back from ShopDiscover, so basically $20 a box...

Was expecting to submit the receipt to VSP to get that other $36 back, but apparently their website shows my $125 is now exhausted...maybe from some of the charges above?


A month goes by and I go in for my follow-up.

DR says lid scrub/spray seems to have done the trick, my lids are much better.Newer, looser contacts are working out much better and helped fix whatever they were intended to fix.

They dilate me.Again, DR does a bunch of different tests. Now there are apparently two small holes in each of my retinas, but apparently theyve healed themselves nicely. Still DR recommends I take a supplement called 4sight or something for eye health. Again talks about diet changes for eye health.

Again, no mention during the entire exam of any out of pocket costs for what DR is doing.

At the end of this exam I'm expecting to pay $0, but am presented with a bill for $335.

Receipt is broken out as follows:
$200 Existing Patient Intermediate Exam
$230 Fundus photography$240 Scanning opthal diag
$140 External ocular
-$475 Doctor discount (presumably for having VSP?)
So I hand over the credit card and am out another $335 out of pocket.


So I guess my question is: what just happened? Is this normal? Because I really feel like I've been ripped off.

I've been getting eye exams approx every other year for over a decade and can't remember ever paying more than $50-100 out of pocket. Come to think of it I don't ever remember going back for a follow-up. Did I develop some serious eye problems and now this is just the price I have to pay?

DR wants me to go in for another follow-up 2 months from now to keep an eye on the retinas or something else I can't remember.

But I don't want to drop another $300 for what is quickly becoming apparent to me is for no reason. Who knows what new tests I'll undergo next time.

Time to find a new doctor?
Question about IRS no penalty for not paying healthcare tax mandate
Added on : Wednesday August 28th 2013 06:00:21 AM
g: 0 Posted By: KingCheap
Views: 121 Replies: 3 Could accountants and tax experts answer this question? First, I refer to this article about the final regulations just published by the White House in regards to the individual healthcare mandate tax penalty: http://www.forbes.com/sites/theapothecary/2013/08/28/white-house-publishes-final-regulations-for-obamacares-individual-mandate-seven-things-you-need-to-know/

Quote from article:
4. "The IRS cant go after you if you dont pay the fineSection 1501(g)(2) of the Affordable Care Act specifies that the IRS cannot subject taxpayers to any criminal prosecution or penalty for refusing to pay the mandate fine. Also, in contrast to normal tax levies, the IRS cannot file notice of lien with respect to any property of a taxpayer by reason of any failure to pay the penalty imposed by this section.Basically, the only thing the IRS can do to make you pay the mandate fine is to withhold it from your tax refund, if youre due one. So if you carefully calibrate your withholdings, such that you arent due a refund at the end of the year, the IRS has no way to collect the mandate fine."- Forbes

Question for accountants and tax experts: Let's say when a person files their 2014 tax return (example: $25,000 yearly salary) and they did not have insurance and they also don't have the money to pay the tax penalty 1% of income (2014), 2% (2015), 3% (2016) and they expect no refund, but may have to even pay $50 to Fed. So, they see $50 must be paid for the normal taxes owedand then the additional $250 obamacare tax mandate is also listed there. They send a check for $50, but don't pay the mandate. Can the IRS be sneaky and say that they took $250 out of your taxes you paid from your salary (normal fed withholding)to put towards the mandate and now you owe $250 for the normal federal taxes or is the mandate completely separate and cannot be from your salary withholding for federal taxes?

Tax Deals
HARP refinance?
Added on : Tuesday August 27th 2013 09:00:13 AM
g: 0 Posted By: RBirns
Views: 53 Replies: 0 Just got contacted by the holder of my mortgage. They are offering me a simplified refi under Obama's HARP program (so they say). I understand this program is supposed to help underwater folks refinance easily, but my loan is not underwater. Loan balance is about $168K, market value somewhere over $600K. Anyway, I'm halfway through a 20 year mortgage at 5.5%. They are offering a simplified refi to a new 10 year loan at 4%. Closing costs of about $3500 would be rolled into the loan so nothing out of pocket. My payment will go down $53 a month, ending at the same time as my existing loan. No documentation, just proof of insurance and verification that I'm currently employed. Is this a good idea?
Personal Finance Deals
Request: Car Valuation, am I doing this right?
Added on : Monday August 26th 2013 11:00:12 AM
g: 0 Posted By: fongo61
Views: 59 Replies: 0 Recently got into an accident and my car is well totaled. I have full coverage/collision so the car is covered I just want to determine a fair value for my car. Ive read somewhere that you should include sales tax, registration, and title costs of a replacement vehicle.

Sources:
http://www.bankrate.com/finance/auto/totaled-car-bag-a-car-insurance-payout.aspx
http://gerry.vanagon.com/files/auto-insurance-madness.html
^ is kinda YMMVThe car before the accident was in pretty good condition, by Edmond standards I would consider it to be clean (Some normal wear but no major mechanical or cosmetic problems; may require limited reconditioning.)I'm trying to figure out how to value it.

I was thinking of getting the retail value of KBB and NADA Clean retail and adding Tax on top of that with registration fees.

So Im thinking: KBB dealer retail $8675 + 8.5% tax on KBB dealer retail + Registration + Title Fee

The above formula would get me the same car.So my main question is the above method correct for pricing my car? Or am I high balling this one?

Also, two more things:
if any one has some tips on buying a new car (sorry I couldnt find any Crown-vics) Id greatly appreciate it.
How does one figure out the fees for title and registration?

Thanks for your help!



Below is the price data that Ive found on the price of my car
Car: 2005 Camry
Miles: 125,000
Note: no after market products
Location: CA

NADA
Clean Retail: $8,875
Clean Trade IN: $6,400
Average Trade-In: $5,575
Rough Trade-in: $4,575

KBB
Trade-in Value: $5,272
Private party Value: $7,092
Dealer retail: $8,675

Edmuds
True Market Value: $6,194Used cars in my Area with similar miles (source: auto trader, cars.com, CL)
142,000 Miles - $8,595
122,582 Miles - $8,480
136,446 Miles - $7,995
104,286 Miles - $12,999
109,000 Miles- $7,995
Personal Finance Deals
Job Offer -- Salary vs. Benefits
Added on : Friday August 23rd 2013 03:00:10 AM
g: 0 Posted By: indigo196
Views: 5 Replies: 0 Hello all:

I am currently entertaining a job offer and looking for some advice:

Current Situation:
I pay $1400 a year for health insurance - company pays the rest. For most items I just have to pay a co-pay - no deductible.
I get rougly $2900 contributed to a retirement account (w/o any contribution)
I am paid $79000
I get a fixed pension that nets me 66% of my highest three years of salary

The new offer has:
A higher deductible insurance that I would have to pay $4300 for - deductible is $800/$1600 with a max out of pocket of $3500/$7000 - I pay 20% after deductible up to the max out of pocket.
They would contribute $3800 to a retirement account w/o any contribution from me
With me contributing 6% of my salary they would add an additional $3325 to the retirement account.
The salary offer is for $95000

Just curious what others think from a purely financial point of view.
You deserve refund of the taxes of a cancelled air fare !!
Added on : Thursday August 22nd 2013 05:00:09 PM
g: 0 Posted By: mrpresidentusa
Views: 5 Replies: 0 My well traveled friend could not make a flight to Paris recently from the US. He did not have any travel insurance. He called the airline to see if there was any chance of a refund or credit. He learned that while he lost the cost of the air fare, he was entitled to a refund of the tax portion of each ticket. Because of stop-overs and international flight, he had about $300 per ticket in taxes. He got that money back !


Air Travel Deals
FREE Kindle Book - Stress Management was $30
Added on : Thursday August 22nd 2013 05:00:05 PM
g: 0 Posted By: archena
Views: 394 Replies: 0 Please note only guaranteed to be FREE at time of posting. Please verify before you click and purchase.

Stress Management (An easy to understand book full of tricks and tips to fight against everyday stress and anxiety) [Kindle Edition] was $30

Robert Gallagher (Author)

http://www.amazon.com/dp/B00EAQTKPQ

Publication Date: August 1, 2013

7 Reviews ★★★★★

#1 inKindle Store > Kindle eBooks > Business & Investing > Industries & Professions > Insurance > Health

#2 inKindle Store > Kindle eBooks > Health, Fitness & Dieting > Personal Health > Healthy Living


Amazon BEST SELLER!!!! CHECK THE RANKINGS!!!FOR FREE!!!!!!!!ONLY FOR A FEW DAYS!!!!!BUY NOW!!!!Stressors are everywhere. Each and every day, we run into situations that constantly test us, rob us of our patience, strip us of our sanity, impact our focus, and cause us to lose control of our days.A look in to the book 'How does stress affect our mental health' by Robert Gallagher Stress prevails in our lives, but not everyone knowshow to copewith it. The worst part is that if you leave it untreated, it has the tendency to disrupt your entire life. For this reason, the author, Robert Gallagher, decided tohelp every single readerthrough this amazing book. His book, titled 'How does stress affect our mental health?' presents basic insight in to what stress and anxiety are about, their impact on health and how they can be treated. The author also goes on to provide his intellectual insight into how his readers should deal with stress at work, and the anxieties related with exams. On the whole, the book is more of a guide to everything related to stress. The author has put inyears of researchto present detailed information about the problems in life that trigger stress and make it impossible for people to function normally on a day to day basis. See, the basic fact is that we live in world where we are surrounded by endless issues - issues that take away every bit of happiness from our lives. The only thing that we are left with is unhappiness, and well, 'stress'. For this reason, it is necessary for us to know just what we need to do to be able to cope with it and live a fuller, healthier life and this is just what this book is all about. Through it,you will acquire knowledge about not just natural treatments, but even the changes that you need to make in your lifestyle to get rid of stress.Readers will also get to learn about themedical treatmentsthat are used by psychologists and psychiatrists to help people with extreme levels of stress.STOP THINKING ABOUT IT!!!!BUY NOW!!!!FREE!!! FREE!!! FREE!!!
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Amazon Coupons
Enterprise Car Rental 10$ off daily rental rates
Added on : Thursday August 22nd 2013 09:00:08 AM
g: 0 Posted By: WattaDeal
Views: 86 Replies: 1 Link

T&C:
$10 Off Daily
Valid on advance reservations made for Intermediate through Full size vehicles at standard daily rates for up to six days at participating locations within North America. Participating locations are available by calling 1 800 rent-a-car. Rates are as posted at time of reservation at enterprise.com. Weekly rates may apply depending on length of rental or for longer rental needs. Rental must end on or before 9/6/2013. Offer may not be used with other coupons, offers or discounted rates. Vehicles are subject to availability. Standard rental qualifications apply. Offer does not apply to taxes, surcharges, recovery fees, and optional products and services including damage waiver at $30 or less per day. In the USA, check your auto insurance policy and/or credit card agreement for rental vehicle coverage. Other restrictions, including holiday and blackout dates, may apply. Pick-up and drop-off service is subject to geographic and other restrictions. Void where prohibited.

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Free Breast Cancer Awareness lunch bag for AAA members Oct 1 thru Nov 30
Added on : Thursday August 22nd 2013 08:00:12 AM
g: 2 Posted By: turtlebug
Views: 226 Replies: 0 From AAA Going Places Magazine September/October 2013 edition-

"AAA Prescription Savings is supporting Breast Cancer Awareness by offering AAA members a free Breast Cancer Awareness lunch bag when requesting information on the AAA Prescription Savings program from October 1, 2013 thru November 30, 2013. Through this program, members save an average of 24 percent on prescription medication not covered by insurance for the whole family- including pets.To request information (and the free gift starting Oct. 1), call 1-866-222-7283 and press 3... One lunch bag per household. Offer good 10/1 - 11/30 or while supplies last. Allow 3 - 6 weeks for delivery..."
Limited Eligibility Deals
Doctor's office is too lazy to bill my insurance. What should I do?
Added on : Wednesday August 21st 2013 06:00:07 PM
g: 0 Posted By: Gauss44
Views: 179 Replies: 3 So, I have insurance and went to a nearby community health center. It's been over 3 months since my doctor's visit, and I just received my first bill last week. The bill (for $520.00) shows that my insurance was not billed and claims that my payment is 31-60 days past due. I called the health center and confirmed that they have my correct insurance information on file, and so far have not been able to get in touch with anyone from billing. I sent the billing dept. a letter 7 days ago explaining the problem, but no response yet. So, if the health center continues to sit on their butts and not submit anything to my insurance company, what should I do? If I were to pay them, I would not be able to get reimbursed without an itemized receipt. And I need to check with my insurance company about deadlines for submitting claims. I think 3 months may have been the limit. If I don't pay, I'm wondering if this could impact my credit score?

Personal Finance Deals
Insurance for College Student Possessions
Added on : Tuesday August 20th 2013 05:00:13 AM
g: 0 Posted By: couponking1953
Views: 230 Replies: 6 Just an FYI if anybody is in a similar situation.

My daughter just left for college. I was able to add insurance coverage using my homeowners policy for her PC for $20/yr against theft/DAMAGE/loss. Her musical tools (sax.oboe) are covered at $0.59/yr per hundred of stated value. Zero deductable, any claims are not counted against my homeowners record.

If anybody has better thoughts on this type of coverage, those would be welcome.
General Economics Deals
Should I cancel my wife's LTC insurance?
Added on : Monday August 19th 2013 06:00:08 PM
g: 0 Posted By: balor124
Views: 168 Replies: 2 My wife's employer provides some amount of long term care insurance for free through Unum ($2k/mo). When she joined they offered us additional coverage and we selected the maximum coverage ($6k/mo w/inflation, home care I think). The plan is portable and if we wanted it we had to do it when she joined. Rates can change but for her group as a whole. The additional coverage is $70/mo, fixed I think, but I don't know what the base coverage would be if she left the company and we had to pay out of pocket. We opted-in at the time since there was a small window to decide but are re-considering now whether to keep it. Once we leave we cannot get it back. What do you all think - should we keep it? She's 33yo and has a clean but not spotless health record. The alternative would be to wait 10-15 years and look at repurchasing again if reforms require it.
Personal Finance Deals
Coordination of Benefit with two Health Insurance Plans
Added on : Sunday August 18th 2013 06:00:06 PM
g: 0 Posted By: rockysnow
Views: 65 Replies: 0 We had two health insurance coverage during a job change: one from former employer (plan A) and the other from current employer (plan B). Plan A is no longer active. Plan B is active and has lower deductible. We had one surgery shortly after new employment while both plans were active at the time of the surgery. The doctor's office has already filed the claim to plan A and got the insurance payment, they are billing me to pay the big deductible on plan A. I told the doctor's office that we had double coverage, so we shouldn't pay for plan A's deductible. Since plan B is still active and has lower deductible, we would prefer to meet its deductible first. The questions: which insurance plan should be primary? How should both plans coordinate the coverage? What's the best way to minimize our out-of-pocket expense?Thanks in advance for your help!
Personal Finance Deals
Marriage - Raw Deal For Guys?
Added on : Saturday August 17th 2013 06:00:08 PM
g: -1 Posted By: Manning2
Views: 103 Replies: 1 I've been negative against marriage from a guys perspective. I worked hard for certifications/degrees and realize it becomes community property in a divorce.
Prenups can be out the window, as in NY, they found they if you force her to sign one to have a wedding, that could be undue stress, etc..
And after seeing my friend get married for 2 months, it not work out, and the divorce still pending after 2 yrs,(along with her initially wanting alimony)...And then there was the Boston case, where the couple got divorced in 1980 with no alimony, the woman had financial issues 28 yrs later in 2008, and the guy's girlfriend is now paying his alimony...Anyway searching the web, came across www.dontmarry.com Wondering what others feel on the subject and what can be done to make divorces more equal?
-----------------------
http://online.wsj.com/article/SB10001424052748703399204574505700...
Paul and Theresa Taylor were married for 17 years. He was an engineer for Boston's public-works department, while she worked in accounting at a publishing company. They had three children, a weekend cottage on the bay and a house in the suburbs, on a leafy street called Cranberry Lane. In 1982, when they got divorced, the split was amicable. She got the family home; he got the second home. Both agreed "to waive any right to past, present or future alimony."But recently, more than two decades after the divorce, Ms. Taylor, 64, told a Massachusetts judge she had no job, retirement savings or health insurance. Earlier this year, the judge ordered Mr. Taylor, now 68 and remarried, to pay $400 per week to support his ex-wife.
"This is insane," Mr. Taylor says, adding that the payments cut his after-tax pension by more than one-third. "Someone can just come back 25 years later and say, 'My life went down the toilet, and you're doing goodso now I want some of your money'?"The nature of marriage has changed dramatically over the decades. Women now make up almost half of the American work force. But alimony, a concept enshrined in ancient law, has remained remarkably constant. Now, the idea that a husband should continue to support his wife forever, even after the demise of their marriagelong a bedrock of divorce lawis being called into question.
Personal Finance Deals
Chase Freedom Benefits Change
Added on : Friday August 16th 2013 05:00:11 PM
g: 0 Posted By: NEDeals
Views: 45 Replies: 0 I have the World Mastercard version of the Chase Freedom card. Chase just sent a new Mastercard Benefits disclosure, the new changes effective 11/01/2013 appear to be: A loss of the ID Theft benefit.
A clarification that the Extended Warranty adds an additional year to up to 3 years of OEM warranty ($10000/claim, $50000 max). Previously, some Mastercard warranties only added a year if the OEM warranty was a year or less, Visa has always been up to three years of OEM warranty. It also doesn't exclude purchases "intended to be part of real estate," like the Visa extended warranty does. (I would buy a furnace with this card for that reason).
The common carrier accident insurance is now $250,000 instead of $500,000.
The $300 baggage delay benefit is also gone. The ID Theft benefit seemed pretty weak to begin with, so no great loss. I'm curious if they had some expensive claims to warrant canceling it.
Credit Deals
Whole Life Policies
Added on : Friday August 16th 2013 01:00:12 PM
g: 0 Posted By: HooDoo23
Views: 207 Replies: 2 I don't have a good understanding of whole life insurance policies other than recently searching about whole life and coming to realize I probably made a bad decision in purchasing them. I have 2 polices with Northwestern Mutual. A 50K whole life policy purchased 8-10 years ago:
Net Death Benefit $50,307
Net Cash Value $3,048.05
Total Loans $0.00
Available for Loan $3,024.15
Loan Interest Rate 8%
Monthly Premium $62.07
2013 Dividend $41.152nd is a 300K policy listed as a 65 life policy which I'm guessing is also whole life, purchased 3 or 4 years ago:
Net Death Benefit $307,523
Net Cash Value $1,862.27
Total Loans $0.00
Available for Loan $1,758.12
Loan Interest Rate 8%
Monthly Premium $517.80
2013 Dividend $518.25I also have 650K of term life in place.I am 38, married, 3 kids. I am a business owner, no 401K, around 20K in an IRA. My business has started to do well the past few years and I have been able to pay off credit cards and most loans from starting the company. My income was around 200K last year. This year income will be around the same amount. I haven't been putting additional money into an IRA but now that I am close to paying off my debt, I would like to max the IRA's out for my wife and myself by the end of the year. I also put money into a 529 education plan for my kids each month. My question is what should I do regarding the whole life policies? Cash them out and put that 5K cash value I would get into an IRA? Am I too far into it and just need to hold on to them now? I hate the thought of how much money I have paid on these policies and only getting 5K back but from what I have read it sounds like that might be the better option. Thanks for any advice in advance.
Discussion Deals
Investment/retirement plan for parent
Added on : Wednesday August 14th 2013 01:00:04 PM
g: 0 Posted By: motuwallet
Views: 8 Replies: 0 One of my parents has asked me for some advice regarding their current investments. I thought I would poll the FWF communities for some ideas. Background info:
Age: 60
Income: hard to predict. between 0-30k from working for the next 10 years, then 0 after. presumably SSA payments after that (?) but I have no idea how that works.
Balance sheet:
IRA - about 600k, currently managed by a financial advisor who charges 1%/yr and has it in an assortment of mutual funds. it's about 70% equities, 30% bonds right now.
Home - 350k mortgage at about 6% interest. Home value is about 1 million.
Cash - about 600k, sitting in various money market accounts earning essentially 0%.
Total: 1.85MM net worth. 1.2MM liquid/IRA, 650k in houseMy parent has expressed a desire to keep some of the cash available for 1) facilitating living expenses and 2) maintaining options for investment opportunities. This parent from time to time gets presented with what are essentially "inside track" deals in the local real estate market which could be short term lending or an opportunity to partner on an investment/rental property. These are safe bets with good returns (let's say 15%/yr, 0 risk) when they come up, but there's no telling when the next one will be.
Secondly, there is an interest in shifting a portion of the investment portfolio into higher risk, higher return investments. Mortgage:
Clearly, the mortgage at 6% is bleeding money. When my parent looked into doing a refi, it was difficult to obtain one with no certain income going forward. The only option at that time required putting an extra 100-150k down on the house to refi at 3.5%. To me, this was a no-brainer, however the parent passed at that time because of the desire to maintain liquidity. I think this option should be pursued again - any suggestions on how to go about it are welcome. I gather rates have gone up recently. Should it be possible to obtain a refi w/o the additional down payment?IRA:
I've wanted my parents to dump their worthless financial advisors for a long time so this is a great opportunity. I work in this field so I'm knowledgeable. However, I want to limit my "blame risk" should something go wrong. I would be interested in finding them a fee-based financial advisor they could meet once a year to rebalance, but the effort to find a good one and then pay them is probably not worth it. As a baseline improvement, I'm thinking the returns on the IRA portfolio can be replicated by just shifting into Vanguard total stock/bond funds, the immediate benefit being saving 1%/yr on advisor fees and the higher fees of the current mutual funds. For asset allocation wonks, I'm questioning the value of having any allocation to bonds at this juncture. They're not paying much, and seem to offer much more downside than upside. I believe another mega-crash is coming, so I'm not comfortable with putting my parents in a super high beta equities-and-up only portfolio. But I have no idea when that crash will be. Seems like the current bubble can keep going for years, and like I said above, I want to limit my "blame risk" and not make any drastic shifts. I don't think about asset allocation much so any comments here are welcome. Higher risk/return goal:
This is where there's some room for creativity. One way to accomplish higher risk/return would simply be shifting more of the IRA to equities. However, I'm considering:
1) suggesting allocation a portion of the cash balance - let's say 20k - to a p2p lending portfolio like LendingClub.
2) do IRA assets count toward accredited investor status? If so it could be interesting to allocate a small amount - again say 20k - to some online crowdfunding/seed investment platforms. Insurance:
Are there any insurance needs we should be considering? A family friend recently had their spouse go through a debilitating illness for years and pass away. they had purchased some long-term care insurance for >50k which ended up paying off for them. 50k is a lot to plunk down on the chance of this happening though ...
Investing Deals
HSA vs POS w/ copays...
Added on : Tuesday August 13th 2013 02:00:09 PM
g: 0 Posted By: skwiggey
Views: 114 Replies: 0 I'm trying to narrow this down. I have a family of 4 and I need to get health insurance for all of us. I was dead set on going with a HSA qualified plan, but my agent has suggested that I also look into a traditional POS plan. I can get a HSA plan for $302.48/month with a $5k ind/$10k fam. deductible and 0% coinsurance or a traditional POS plan from the same company for $296.88/month with the same deductibles, but a 30% coinsurance to a maximum of $3k ind and $6k family out of pocket plus deductible. However, the traditional POS plan has doctor copays of $45 or $65 for a specialist and $250 for ER and $75 for Urgent Care visits as well as Tier 1 prescription copays of $10 all before the deductible is met. Anybody run into this dilemma before? Thoughts? TIA
Personal Finance Deals
g: 0 Posted By: MISTERCHEAP
Views: 0 Replies: 0 https://www.healthcare.gov/quick-answers/#family-2
Services Deals
g: 0 Posted By: minghi
Views: 88 Replies: 2 Hi, I'm currently asked my agent whether to move forward with the title search and insurance services with the agency they usually work with but I suggested that they use entitle direct and the agent said it might cause a problem at closing if their agent cannot make it to the agent's office.Also, the mortgage broker I'm working with said they are known to be very slow to work with and it is "not backed by the state of pennsylvania" and I should choose some local company that my agent works with. when I posed the same question to an entitle direct agent over the phone, she said they are registered with the state of PA and whatever my mortgage broker stated was untrue.How do I know who is telling the truth? I seem to get more resistance from the mortgage broker. thanks
Personal Finance Deals
Paypal: Buyer filed claim for Not Receiving Item
Added on : Tuesday August 13th 2013 04:00:05 AM
g: 1 Posted By: wwon717
Views: 211 Replies: 4 Anyone here ever deal with this type of situation...I sold my used iphone 4 unlocked via eBay end of July. Buyer took 4 days to pay me, I was a little annoyed without any communication. Buyer paid $275 via paypal. I took the money and quickly withdrew. I shipped out the item packaged through USPS with delivery confirmation & insurance ($200 and below since postal worker asked the value, I just guestimated about $200 since it's 3 years old but pristine condition in a case all a long). So everything was packed and shipped on the 29th with Aug 1 delivery date. This past Sunday, Aug 11th, I get an e-mail from paypal stating the buyer has filed a claim for saying he never received item. I was obviously perturbed since I thought this transaction was over and done with weeks ago. I went through the whole timely process of calling paypal waiting on hold providing them with all the info the asked tracking ins. faxed everything and now I'm just waiting for their decision. The buyer never contacted me before this claim, and upon receiving that e-mail from paypal, I immediately contacted buyer with tracking # and referred him to USPS site that shows that it was delivered on the 1st of Aug. I never got a response from that e-mail, and last night I get a e-mail from Paypal saying buyer escalated the claim now making communication between buyer and seller not possible. Now I'm waiting on Paypal's decision. After reading through google searches, looks like I will be out $275 plus the iphone since I never got signature confirmation which is required for $250+ transactions. Any advice other than learn from that signature confirmation mistake on my part and move on. It's still $275 at the end of the day.Thanks
Personal Finance Deals
Neighbors chimney fell through my rental property during demo
Added on : Tuesday August 13th 2013 12:00:10 AM
g: 0 Posted By: TheBeagle
Views: 0 Replies: 0 The city has begun demoing rundown properties and one of them is next to a duplex I own. I received a call yesterday saying some damage was done to my rental and went up to check it out. Seems an entire chimney fell through my duplex. Demo company is offering to repair the damage. It seems pretty extensive, so my concern is future problems from this accident. We had recently purchased this property and had not yet started renovating it, so it was vacant. We purchased the property for $15,500 and my insurance replacement cost is $130,000. Whats the FW play here?
Need advice on how to pursue baggage damage claim
Added on : Sunday August 11th 2013 06:00:06 AM
g: 0 Posted By: stardent
Views: 41 Replies: 1 I recently checked a luggage (brand new suitcase I had recently purchased for $250) on Hawaiian Airlines and it arrived with one of a latches being sliced as though with a knife. I filed a claim with the airlines as soon as I noticed the damage and here is what they told me:Based on the pictures you have provided as well as the pictures sent by our SEA staff, scuff marks are excluded from liability. Please kindly refer to our "Hawaiian Airlines Domestic Fares Tariff no. DFR HA-2", Rule 230, B item 4, titled "Exclusions from Liability", states HA shall not be liable for damage to the baggage unless it impairs the ability to protect its contents, and specifically shall not be liable for: damage arising from the normal wear and tear of baggage handling, including but not restricted to scratches, scuffs, punctures, dents, stains and marks The tariff can be found at Hawaiianair.com, Quick Links; About Hawaiian; Contract of Carriage. It is regrettable that our tariff precludes our acceptance of liability in this matter. If you are to pursue this claim through private insurance, I will forward a copy of this file, upon request to your broker.I am upset because this was a pristine piece of luggage when I checked it in and as someone who flies at least once a month, this sort of damage is something new. I am feeling a little paranoid thinking this was a deliberately inflicted damage. Secondly, how is it excusable that a piece of metal is sheared off like this? I am looking for any advice on how I may proceed based on past experience. By the way I was charged a checked in luggage fee for this ($25).
TIA.
Personal Finance Deals
Saints Row IV Wad Wad Collector's Edition $1,000,000.
Added on : Friday August 09th 2013 07:00:04 AM
g: -1 Posted By: frog01
Views: 117 Replies: 0 Saw this on Reddit this morning and thought you guys may get a kick out of this -http://www.pushsquare.com/news/2013/08/weirdness_saints_row_ivs_...Saint's Row IV's Wad Wad collector's edition for a cool $1 million includes (with price breakdown):
Space Flight: 250,000
Lamborghini: 198,000
Burj Al Arab: 133,405
Prius: 24,500
Super Car Membership: 20,968
Face lift: 9,500
Capsule Wardrobe: 4968
Flight to Dubai: 15,000
Flight to DC: 3200
25 hours with personal shopper: 2,500
Jefferson Hotel: 2,450
Insurance: 1,200
Spy Training: 252
Hostage Rescue: 125
Commander in Chief Edition: 59
Dubstep gun: 20
Total: $658,037 So.. you're overpaying by about $342,000... So maybe not such a hot deal.Anyway, only 1 available anyway - so I better not see moar than 1 "in for 1!"
PS3 Games Deals
Owners title insurance when lenders is paid - Penfed 5/5
Added on : Thursday August 08th 2013 06:00:07 PM
g: 0 Posted By: gruntwork
Views: 149 Replies: 0 I am purchasing a house for 700K and financing with Penfed 5/5. Penfed will pay for lender's title insurance, irrespective of whether I buy owners title insurance. Generally, when the borrower pays for lender's title insurance it makes sense to buy owners title insurace as the cost of buying them together is not much different from buying just the lenders. As Penfed is paying for lenders, its a $2,800.00 question for me.
I read some great discussions on FWF regarding owners title insurance here and other threads. Here are some arguments to start of the discussion from what I understand about title insurance1) Lender will be purchasing title insurnace, therefore a title search will be done and title company will ensure a marketable title. 2) Title insurance is primarily based on public records, issues coming of unrecorded liens are not covered. So again, lender title insurance will ensure a proper search of public records is done.3) Lender title insurance protects the lender, owners title insurance protects the owner. In case of a complete claim, like fradulent signature, the insurance company will buy the note from the lender and I would still owe the borrowed amount. However how likely is a full value claim? Isn't it more likely to have a partial claim, like unrecorded mechanic lien. In case of partial claim, will lender's title insurace protect me indirectly?4) Lender's coverage reduces as the principal is paid off, while owners title insurance coverage never reduces. This is not much of a concern as I believe most of the title issues will come to fore during the inital period of ownership.5) Per Geo, a good title is better than title insurance. So how do I ensure I have a good title. I've hired a attorney for this purchase, what will be his role in title search?6) The house was built in 1990, sold in 2002, then again in 2006 and now I am purchasing it. There has been no apparent remodeling since the last owner purchased the house.FWF please help me decide whether I should plunk down 2800 on the purchase of 700k house. This is in NJ.
Real Estate Deals
Owners title when lenders is paid - Penfed 5/5
Added on : Thursday August 08th 2013 05:00:16 PM
g: 0 Posted By: gruntwork
Views: 0 Replies: 0 I am purchasing a house for 700K house and financing with Penfed 5/5. Penfed will pay for lender's title insurance, irrespective of whether I buy owners title insurance. Generally, when the borrowers is paying for lender's title insurance it makes sense to buy owners title insurace as the cost of buying them together is not much different from buying just the lenders. As Penfed is paying for lenders, its a $2,800.00 question for me.
So I read some great discussions on FWF regarding owners title insurance here and other threads. Here is jist of what I understand.1) Lender will be purchasing title insurnace, a title search will be done and title company will ensure a marketable title. 2) Title insurance is primarily based on public records, issues coming of unrecorded liens are not covered. So again, lender title insurance will ensure a proper search of public records.3) Lender title insurance protects the lender, owners title insurance protects the owner. In case of a complete claim, like fradulent signature, the insurance company will buy the note from the lender and I would still owe the borrowed amount. However how likely is a full value claim? Isn't it more likely to have a partial claim, like unrecorded mechanic lien. In case of partial claim, will lender's title insurace protect me indirectly?4) Lender's coverage reduces as the principal is paid off, while owners title insurance coverage never reduces. This is not much of a concern as I believe most of the title issues will come to fore during the inital period of ownership.5) Per Geo, a good title is better than title insurance. So how do I ensure I have a good title. I've hired a attorney for this purchase, what will be his role in title search?6) The house was built in 1990, sold in 2002, then again in 2006 and now I am purchasing it. There has been no apparent remodeling done since the last owner purchased the house.FWF please help me decide whether I should plunk down 2800 on the purchase of 700k house. This is in NJ.
Car Diminishing Value
Added on : Thursday August 08th 2013 09:00:10 AM
g: -1 Posted By: shalu12
Views: 25 Replies: 0 Car : Honda CRV LX (2012), Bought New in Nov 2012.
Was involved in a car accident in July 2013. Someone hit from the back and car is repaired with total cost of $3000 through other drivers's progressive insurance Please let me know what should be total diminished value of my car. How to check for that.
Personal Finance Deals
g: 0 Posted By: pokerplyer
Views: 0 Replies: 0 My father received treatment at a hospital earlier this year that required surgery and a week long stay at the hospital. About a month later, he received explanation of benefits statements from his insurance company stating that the entire surgery and hospital stay would not be covered due to the hospital failing to obtain prior authorization. The insurance company told me that it would be willing to review the claims and cover them under a process known as retroactive authorization (where the hospital would submit clinical paperwork for review).I contacted the doctor's office to find out what went wrong, and his assistant (who I believe was supposed to have obtained the prior authorization in the first place) had no idea what was going on and pointed her finger at someone called the surgery scheduler as being responsible for obtaining prior authorization. Of course, the surgery scheduler also had no idea what was going on. At this point, I was more concerned about obtaining the retroactive authorization, and the assistant eventually introduced me to a financial counselor who would be able to straighten things out.I sent the financial counselor the explanation of benefits statements after explaining to her how to start the process of obtaining retroactive authorization. The financial counselor told me that it would typically take 30 days to complete the process. When I first heard this, I thought it was strange as a customer service representative from the insurance company told me that the process typically took around a week after receiving the paperwork, but I didn't question it as I assumed she was busy and thus was quoting me a generous timeframe.Fast forward a month later, and I email her asking her for a status update on the retroactive authorization process. She informs me that she would contact the business office (has anyone working in healthcare ever heard of this term) and get back with me. Several days later, she still has not responded back, and I thought about writing this on Fatwallet Finance to ask for advice but decided to email her one more time. This time, she responds and tells me that she has provided the business office with the copies of my father's explanation of benefits statements and that I should contact her in 30 days to check again on the status. I find this reply absolutely appalling because it implies that she has done nothing in the past month to resolve this issue. In fact, her wording suggests that she only started working on the retroactive authorization process after I emailed her for the status update. The other problem is that my father has already received the hospital bill for one of the claims that the insurance company was not willing to cover. According to the bill, he is responsible for the portion the insurance company did not cover. I'm not entirely familiar on how much time you have to pay a medical bill, but I don't want my father to be stuck with a 6 figure bill that the insurance company would have paid if someone at the hospital had not dropped the ball in the first place. Based on everything that has happened so far, I am very worried that this will eventually happen. What is the best course of action to take here? At this point, I honestly do not think the employees at this hospital will get this straightened out without my constant intervention, and I don't see why it is so difficult for them to accomplish a simple task. I need to get the ball rolling. For those who have had a similar experience:1) Am I speaking with the wrong person? Should I be speaking with another person to get the ball rolling? For example, should I contact the hospital's CEO and request his assistance or is there a specialized department that can help me?
2) I haven't replied to her response yet, and I strongly feel that I need to challenge the financial counselor on why nothing was seemingly accomplished/why the process will take so long when the insurance company itself quotes a much shorter timeframe.
3) Is there a way to delay the hospital bills until the insurance issue has been resolved?Thank you for reading my lengthy post, and I would appreciate any help/advice.
First time home buyer - newly constructed home
Added on : Wednesday August 07th 2013 12:00:05 PM
g: 0 Posted By: AltidinVA
Views: 92 Replies: 1 We just got news that the builder (MI Homes) has accepted our offer ($650k) for a new home which should be completed by end of October this year. Specific financial details:
Location: Northern Virginia
Total income: $115k
FICO: around 750
Existing car loan: $16k (about $404 a month @ 0.9% APR)
Existing credit card debt: $20k (about $210 a month @ 0.9% APR - till November this year)Anticipated down payment: $130k (20% of home so I can get rid of PMI) + closing costs of about $18k
Anticipated Mortgage: $2,598/mo (@ 4.381% - for now, lets assume this is the rate when we close)
Anticipated HOA + Insurance + Taxes: $820/mo
Thus total expenditure is $4,032/mo (incl Mortgage, HOA, taxes, car payment & credit cards) - this works out to a debt-income ratio of 42%.I expect to "roll" over the credit card debt only *AFTER* closing on the home (even if that means paying a slightly higher minimum on the credit card for a month or 2)As an alternate to the 20% down, I could put only 10% down, and use the remaining cash to pay of the car loan & the credit card debt. This results in my monthly payment going up by $65. I do save $27k upfront from the lower down payment, but end up paying $51.9k extra in interest over the 30-yr loan. I understand that the PMI can be deducted from my taxes, where as the credit card & car loan interest is not deductible.Q1. Would you put 20% down & not deal with PMI, or put 10% down + PMI, get a bigger tax deduction, but then have to deal with requesting PMI to be waived once 20% equity has been built?Q2. How easy or hard is to get PMI waived off? Do I need to pay for another appraisal or other fees at that time?Q3. Would you get "title insurance" (in case any of the contractors sue the builder for non payment)? This is about $2k, but for a brand-new home with a clear title, I am not sure if its worth it or not.Q4. Anything else? Having never owned a home before, I am hoping to get collective insight into experiences (positive & negative) that you people can share.Thanks for your time.
Real Estate Deals
Standalone Umbrella insurance
Added on : Wednesday August 07th 2013 07:00:07 AM
g: 0 Posted By: charliemar
Views: 74 Replies: 1 I have my auto policy with AAA and my I am switching my home policy to Amica.
My wife & I are in our mid 50's, own our home and have some retirement savings. I would like to purchase a umbrella insurance to protect what we have worked for. We have been with AAA car insurance for 20+ years and my wife does not want to switch, however their homeowners insurance in not such a good deal and the earthquake insurance they offer is through the state CEA. Amica writes their own earthquake. So because we have two different companies they do not offer a umbrella policy. I got a quote for a broker for a standalone policy from United States Liability Insurance Company for a reasonable amount. however I never heard of this company. I see they are a Berkshire Hathaway company so I guess they have good backing. I just wonder if it is smart go with 3 separate company for my insurance. The broker I contacted only handles the umbrella policy, AAA and Amica i deal with directly.
Personal Finance Deals
car rental credit card insurance
Added on : Monday August 05th 2013 04:00:07 PM
g: 0 Posted By: horent135
Views: 20 Replies: 0 If my car rental gets into an accident and I decline the car rental company insurance because I want to use my credit card (Amex) as insurance. How do I exchange insurance info since I'm not going thru my insurance for the damages?
Car Rental Deals
Series LLC for rental properties
Added on : Monday August 05th 2013 02:00:06 PM
g: 0 Posted By: ssgcinty
Views: 42 Replies: 0 To all the landlords out there...
I am considering forming an LLC for rental properties.
Here are the boxes I have checked
1) good personal liability insurance
2) Maintain properties well
3) screen tenants
4) use property management companyI would prefer to keep assets/liabilities of each property separate. It seems here in Illinois, you can form a series llc that will drastically cut down on filing fees. And you can file just 1 tax return. There is more record keeping because you need separate bank accounts and need to generate separate financial statements. But the federal treatment is not clear to me.
Among the many documents I have read, http://www.irs.gov/irb/2010-45_IRB/ar11.html and http://www.haynesboone.com/files/Publication/fe8d9666-aa07-4979-... sound good.
But I am still not clear.Do I need to file one Federal tax return for the entire series or not?
Personal Finance Deals
Injured back the night before travel, could not fly
Added on : Saturday August 03rd 2013 05:00:06 PM
g: 0 Posted By: GTPaPi
Views: 1 Replies: 0 Hi all, I am looking for advice on how best to recoup my costs for plane tickets I was unable to use because I injured my back and doctor recommended not to fly. My wife, son and I were to leave yesterday AM and fly back on Monday. I didn't check in for my Friday flight or cancel, because I thought the pain mess would help enough for me to fly. Instead the knocked me out and I dint get to call. The carrier is JetBlue and at this point it doesn't make sense for us to go still, so I would like some if not all of my money back in some form, airline credit is fine. I didn't buy trip insurance and booked non refundable. Any advice would be appreciated.
$10 off Flights to China at Vayama + up to $9 Cash Back
Added on : Thursday August 01st 2013 10:00:09 AM
g: 0 Posted By: FatWallette
Views: 215 Replies: 0


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Vayama Coupons
NEW -- GEICO insurance discount for National Geographic members - YMMV
Added on : Thursday August 01st 2013 05:00:05 AM
g: 0 Posted By: Kariput
Views: 205 Replies: 0 I was looking through the August issue of National Geographic and saw a Geico ad introducing a discount for NGS members. I gave them a call and they knocked $22 off my six-month auto policy premium. That gives me a yearly discount of $44 and NGS membership is only about $15.If you carry insurance with Geico this is worth checking out. Click on the attached image for more info.
Services Deals

National Geographic Store Coupons
g: 0 Posted By: Floydian
Views: 64 Replies: 0 Just checked my CLUE report for the year before looking at insurance, and my section is almost empty, but I noticed one new entry:SUBJECT - 0 CLAIM(S) REPORTED
POSSIBLE RELATED CLAIMS - 1 CLAIM(S) REPORTEDThe second line is new -- the claim is listed on my report under "POSSIBLE RELATED CLAIMS" as an incident my dad was in in June of 2008, as my parents live at an address and state that I lived at 10 years ago (my "hometown" address, which I haven't used for a long time). In the past this has not showed up (checked my CLUE a little over a year ago), but now I'm wondering if it is adversely affecting my insurance quotes. For example, Liberty Mutual back in January kept saying I was not a perfect driver, but would not tell me why, only that "the computer says you're not".Here's what an older CLUE guide says (Source: http://epic.org/privacy/choicepoint/fcraltr/CLUEAutoUnderwriter....
"ChoicePoint encourages the insurance company to resolutely determine if these claims relate to the subject on whom the search was requested." (page 5)Is that a "disputable" entry on my report? Any experience with that? From what I can see, I might as well dispute it, as I'm not sure why it should be on there since I was not involved, and was even insured separately at a completely company and in a different state and address in June of 2008.TIA, and I'll update the OP with my experience for future people looking for advice.Edit: Disputed the claim over the phone (1-866-820-8976), and the lady said that the possible related claims from family members are added on quite often. Also, that "usually" the possible related claims will fall off during the dispute process, but she can't guarantee it. I'll have to wait 30 days for the dispute process, so we'll see if it fixes itself soon enough.
Personal Finance Deals
2 Questions: Student Loan Payoff and Mortgage Refi
Added on : Tuesday July 30th 2013 08:00:04 PM
g: 0 Posted By: xkilldozer
Views: 18 Replies: 0 Here's the scenario:I have a $25K student loan at 4.95% variable.
Payments are about $160 a month.
I have $35K in my emergency fund.
Should I pay it all off right now and be done with it?My current mortgage is an FHA loan from 2010 at 4.5% and I'm paying $101 per month for insurance.
Property values have increased so if I refi it will be conventional.
Does it make sense to refi the mortgage to conventional, even at 4.5%, and save the $101 per month?
I expect my out of pocket to be around $1500 for the refi.If I do refi, are there any drawbacks if rates continue to drop and I try to refi again a year from now? Would it even be possible?Thanks!
Buying a house, still have the old house, qualifiying for mortgage?
Added on : Tuesday July 30th 2013 02:00:12 PM
g: 0 Posted By: bluegreenturtle
Views: 235 Replies: 6 So, this question has indeed been asked a bunch of different ways before but I thought I'd ask again, folks seem enjoy analyzing these situations:Current house: Paid $220k, have $139k left on mortgage, 15 year, 13 years left @ 3.75%, appraised at $400k, I think $360-380k is probably realistic. Monthly payment is $1500 including taxes and insurance (P/I is $1000). Could rent probably for $1800-2200 (rentals in our neighborhood are rare and sought after, there's something down the street that is considerably worse and are asking $2000, it's currently rented). Looking at new house: Asking price is $470k, I think we could get them down a bit as it's been on the market for a few months and has some weird features to it. That said it's a cool house and in a very good area for us, more walkable than our current. So a new 30 year on it with 20% down ($95k) would be about $2250 a month with taxes and insurance). We were thinking about trying to rent the house for a while - a year or 2 and then see about selling it. I honestly don't think I'm up to fixing it up to try to sell it in the next 6 months, and since it should easily rent for more than it costs including taxes, it seems like a "safe" way to make the move. We have about $120k in cash available, though I still owe taxes (next april) on about half that. We are both self-employed, but I have a good income stream for the next 2 years. We are expecting a second baby in Nov, so wife's income is going away for a year, but again, my income is going to be pretty good for a while, about $90k each year at least. We have about $250k in various investments, some of which are in an IRA and some of which are in a taxable account and I wouldn't shed a tear about selling to come up with more cash. So what's the question and problem you might ask? Well, we're self employed. While this year and the next 2 are really good, last year our AGI was probably about $45k. This wasn't a problem, our living expenses including mortgage are about $4k a month currently, and we have good savings, but it probably doesn't look too good to a lender. We qualified for refi's twice as self employed people without issue, but I'm assuming if you have another mortgage on file they are going to look a little more sternly at you. What are our options? I really don't want to try to sell the house before the baby comes. If my parents co-signed the new loan (they are retired and have no debts) would that solve the issue? What do people do who want to move but really need to buy the new house before selling the old?
Personal Finance Deals
Auto Loan Residual?
Added on : Monday July 29th 2013 06:00:12 PM
g: 0 Posted By: worldaven
Views: 68 Replies: 0 Hello,I recently applied and was approved for an auto loan for $19,000 at a rate of 1.74% for 60 months. The KBB Trade In Value for the car I'm interested in is $13,630. The lender said I could keep the residual amount, which after taxes, registration and fees would leave me with about $4400 that I could use to pay other bills, maybe invest in a mutual fund. If I took gap insurance from my auto insurance at $22/yr. and my car gets totaled in 60 months they would cover value of the car and any "upside down" balance on my loan.If I don't get any accident in 60 months and put that $4400 in mutual like Capital Appreciation Fund where I have already $6000 invested and current YTD earnings are at 14%, and I could generate maybe another $4000 in 60 months...I have no credit card debt, but a student loan payment of $200 for the next 21 years...Using the auto loan calculators, the interest of for $19,000 loan at 1.74% would be around $750.Is this a good idea, or should I just use the loan for just the car. It seems like with the GAP insurance, it's a safe and smart risk... or am I doing some "fuzzy math"?
Personal Finance Deals
Up to 50% off Select Jewelry at Blue Nile
Added on : Monday July 29th 2013 07:00:08 AM
g: 0 Posted By: Advertisement
Views: 78 Replies: 0 Up to 50% off Summer SaleBlue NileShop NowUp to 50% off Select Diamond, Pearl, Silver, & Gemstone Jewelry Use Code SUMMERSALE13 at checkout. Plus, always Free FedEx Shipping, 30-day Returns, and Gift Packaging on all Orders. Coupon expires 7/31/2013 11:59pm Eastern Time. Don't Forget To: Enter this Code at Checkout: SUMMERSALE13 Up to 50% off Select Items Cannot be combined with any other offer or discount code, or retroactively. Offer is only valid for designated jewelry listed on the Summer Sale page, while supplies last. Excludes sale merchandise, loose diamonds, Build Your Own Ring, Build Your Own Earrings, Build Your Own Diamond Pendant, gift certificates, special orders, backordered items, and jewelry cleaning products. Discount will appear in cart after the coupon has been entered, and does not apply towards duties, taxes, or shipping insurance fees. Limit one offer per household. Subject to change without notice.
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Medical Insurance Options - Senior, Immigrants
Added on : Sunday July 28th 2013 04:00:08 PM
g: 0 Posted By: dp1
Views: 167 Replies: 2 I am planning to get my parents to US after they get their Green Card, and was confused about medical insurance options, with medicare/medicaid and obamacare. My parents are in 60s, obviously they do not have any US work experience and they are not going to work either. So what are my options, other then getting medical insurance on my own.any insights will be highly appreciated.
Personal Finance Deals
g: 0 Posted By: SangioveseW
Views: 103 Replies: 0 CNBC article: Auto insurance quotes can be 40% higher for drivers with less education and lower-job status.From the article:CFA went online to get price quotes for two hypothetical customers: a factory worker with a high school diploma and a plant supervisor with a college degree. Both were the same in every other way: a 30-year old single woman who rents in a moderate-income neighborhood, drives a 2003 Honda Civic, had no accidents or moving violations in the last 10 years and who went without insurance coverage for the past 15 days.The price-shopping took place in May and June with attempts to get quotes from the 10 largest insurance companies for the minimum required liability coverage in 10 major urban areas: Atlanta, Louisville, Chicago, Houston, Denver, Phoenix, Oakland, Seattle, Baltimore and Hartford.CFA found that five of the companies American Family, Farmers, Geico, Liberty Mutual and Progressive apparently consider education and occupation when setting rates:The Geico quote for the factory worker with only a high school education was significantly higher than the plant supervisor with a college degree: 45 percent more per year in Seattle ($870 vs. $599), 40% percent more in Hartford ($1,299 vs. $926), 33 percent more in Oakland ($922 vs. $693), 23 percent more in Louisville ($2,200 vs. $1,791), 21 percent more in Chicago ($1,013 vs. $840), and 20 percent more in Baltimore ($1,971 vs. $1,647).
Progressive also quoted higher annual premiums for the factory worker: 33 percent more in Baltimore ($1,818 vs. $1,362), 14 percent more in Houston ($1,406 vs. $1,236), 9 percent more in Louisville ($2,390 vs. $2,185), 9 percent more in Denver ($995 vs. $911) and 8 percent more in Oakland ($736 vs. $684).
Liberty Mutual's website would not even provide a rate quote for a high school graduate in five cities Atlanta, Louisville, Chicago, Denver, and Seattle but it would give a quote for a college graduate.
Personal Finance Deals
Getting out of CC Debt (My plan)
Added on : Saturday July 27th 2013 08:00:07 AM
g: 0 Posted By: ftroyalty
Views: 173 Replies: 4 Thanks in advance to all who reply. Any advice is appreciated as my wife and I begin to tackle our credit card debt.My wife and I have about $13,000 in credit card debt that we need to get under control. We thought we were in a manageable position, but our 3 1/2 son has autism, and we incurred some additional expenses, mainly paying about $500 out-of-pocket for therapy. This expense began toward the beginning of this year.Quick details about our income, expenses, and debts.
Monthly income after taxes: $4,976
***Expenses*** - 2520
Daycare: 135/week so about 540/month
Autism therapy: 120/week so about 480/month
Cars: 300 (Insurance is 100/month, and 200/month of gas and routine maintenance. I take care of what I can, so far just the scheduled maintenance)
*Both cars are paid off
Food: 500 (We do most of our own cooking and rarely eat out. Pizza or take-out barbecue one night on the weekends)
Utilities: 500
My cell: 30/month (just switched to prepaid)
Wife cell: 100/month (she will be switching to prepaid soon but her contract goes through October. Haven't done the math on EFT yet)
Gas: about 50-60 in winter
Water: about 50-60 per month
Internet: 50/month
Electric: between 200-300/month in the summer and about 100-50/winter
Pets (Two cats and a lab): 100/month
Gym: 100/month *This one is important to my wife, so I told her we would budget for it. I'd rather not debate the pros and cons.
***Debt*** - 1842
Mortgage: 1462/month
VISA: Balance of 10,151 @ 14.9 APR, minimun is 216/month
AmEx: Balance of 2,268 @ 16.9 APR, minimum is 52/month
My student loan: 66.50/month with 280 left
Wife student loan: 112/month with 13,000 left
***Savings*** - 200/month
***Leftover*** - 414/monthNote: I tutor over the summer (I'm a teacher), so I'll have a paycheck coming for a few hundred dollars at the end of the month. I'll use this to pay off my student loan and free up the 66.50 to put toward credit card debt.Wife and I went to our bank yesterday (Wells Fargo) and spoke with a personal banker about our options. We narrowed down to two options: open a HELOC or take out a personal loan. (Note: Credit score is 784 from the pull at Wells Fargo. I don't know which bureau)
HELOC details: 5-6% APR, 20,000 minimum, .5%/origination fee, $75/annual fee, line is good for 10 years, must be open for 3 years
*We bought the house a little over a year ago. It appraised at 250k, we paid 220k, remaining loan is 210k
Personal Loan for 13k details: 319/month, 48/months @ 8.25 *No prepayment penalties for either loan
403/month, 36/months @ 7.25 *Of these two, we are more comfortable with the 4 yr loan.My starting point toward debt reduction: 216 (Visa Min) + 52 (Am Ex min) + 66.50 (former student loan payment) = 334.50/month
Even with our budget above, we will save any money we can to pay down our debt. 334.50 is the minimum we will pay each month, hopefully more.Questions for FWF: Which sounds like a better option: the HELOC or personal loan? We understand the risk of tapping home equity, but the lower rate is appealing. Plus, having the HELOC sounds like a nice thing to have in the long run (10 years) should we need it. (Note: I know that statement sounds like we haven't learned our lesson, but we have. Wife and I are both committed to getting our debt under control. Credit cards and any HELOC checks/cards are going in a box). However, I've also read moving unsecured debt to secured should be avoided in case anything were to happen. We are both stable in our jobs and not looking to move, but you never know these days. Also, are there options I'm not considering?Again, thanks for reading and any advice offered.
Personal Finance Deals
No insurance - Biopsy
Added on : Saturday July 27th 2013 07:00:07 AM
g: 0 Posted By: IwantItCheaper
Views: 50 Replies: 1 A friend of mine just graduated and got her first job (no insurance, low pay). She used to have an insurance before she graduated. After working just for a month, she found a lump near her ear. A doctor told her that she needs to do biopsy & possibly surgery and it will be really expensive. Now, she doesn't have insurance nor money to pay for it since she just started to work. She is really nice, and I am sorry that it happens to her
Perhaps, if she found out earlier, her insurance would have covered it while she was in school. What would be her best options now?
If she purchases the same plan from the same company, will she still be covered? The doctor actually asked for her SSN, so I guess it should be on the record now. =( Just my guess
Is there any free or low cost clinic meant to help low income family in Georgia?
Should she do biopsy in another country? She would have to take weeks off from her new job, but health if obviously the primary concern. Just life is starting to get better for her, this happens. That is life.
Personal Finance Deals
g: 0 Posted By: Echo5Zulu
Views: 90 Replies: 5 All,After having read the FAQ and done a diligent search of the forums, I have not found anything that can satisfy a somewhat unique inquiry. That being said, I'll dip my toes in the FW water and see if my diligence was adequate enough (go easy on me!).I'll make this as brief as possible. First time home buyer. I'm a veteran and used my VA home loan to purchase a 170k house. Not having to put anything down (VA guaranteed loan terms) allowed me to not dip in to my emergency / savings accounts, and still have enough capital left to purchase appliances, paint the interior, make the house our "home", etc. After a home inspector gave us a positive report of the home, I was confident that very little work was required on my part with the home. Without going in to the absolutely crazy details, it turns out that this log home has significant log rot, water intrusion, drainage issues, dangerous chimney problems, and black mold infestation. The reason these things weren't detectable by myself was because the previous owner used log chinking to reshape rotted logs on the exterior of the home. On the interior, they installed dry wall over the log rot, mold, and termite damage. The drainage issues appear only after a hard rain. The chimney had a crack, but I was told it was a minor stress crack... turns out it's a thermal crack, rendering the chimney / fireplace useless. The roof leaks, among other things. While much of the damage and problems with the home were concealed intentionally by the previous owner (this is not assumption on my part... I actually found mold treatment products and scraps from the building material used to cover the damage in a locked shed on the property), the insurance claims adjuster told me that there are tell tale signs of issues with the home that the inspector should have caught and annotated in his report (which he didn't).Long story short; I haven't been in the house 2 months (haven't even made my first mortgage payment) and there is no way I can afford the repairs to the home. I've gotten a lawyer (an expensive one), filed a lawsuit, paid the legal fees upfront, and informed the Department of Veterans Affairs. I filed a claim with my lender (who told me to go pound sand), and got estimates for all of the repairs that need to be made to the home. The previous owner is being sued for breach of contract, intent to misrepresent the condition of real estate, and some other legalities. The inspector is being sued for negligence. The lawsuit could take a year. I have my third child on the way... due in 6 weeks. The house is not safe for my family, but the codes office will not condemn it without a positive lab test of the toxic variety of mold (which I cannot afford at the rate of 3 thousand dollars). I have already spent my emergency money and savings trying to make the house at least livable for the duration of the lawsuit, but I'm at the end of my money and there is still about 7 thousand dollars worth of work to be done before the baby gets here. I haven't even begun to purchase baby stuff for the "thirdling" yet. /sigh/Keeping the home is not an option. I cannot bring a baby back from the hospital into these conditions. If I get the things done needed to make the home livable, I will be so far in debt, that much of what I may or may not win in the lawsuit will go just to recouping those losses during this year waiting period. In the meantime, my house will still have giant holes straight through the rotted logs, moist conditions perfect for regrowth of mold, slowly worsening condition of the overall structure, making damages more costly by waiting.Don't get me wrong here... I am all about personal accountability as an investor. I made a contract with my lender, and under normal circumstances, I would hold my self to this obligation come hell or high water out of principle. However, I feel I did my due diligence in ensuring the home was to standard. I had a report from two inspectors / appraisers agreeing with the condition / value of the home. What was done by the previous owner was criminal. The inspector I originally hired was negligent in his job. The lender has told me that they cannot help out unless I legally prove breach of contract (essentially... "go through the lawsuit, then we may or may not help). The VA told me I'm not only out of luck with them, but that I'm screwed out of the VA Home Loan benefit now because the difference between the purchase price and actual value with the damage will come out of any future guarantee I try to get with them (basically, my benefit that I fought in Iraq for... is gone). Nobody wants a piece of this. I'm being told "tough stuff" anywhere I go, and now, I'm thinking my only option is to give the house back to the bank and foreclose on the house. The lender will most likely come after me for the difference in value versus the purchase price, which I will be trying to get out of the previous owner and original home inspector in the lawsuit.Am I missing something here? I've been researching every possible avenue from here, and it looks like I'm just up a creek. I've budgeted for every possible outcome and there is simply no way to keep the home and not pay a ton of money up front without the risk of losing the home anyway (because I cannot afford it). The urgency comes from the house being unsafe, not being able to run the air conditioner (mold in the unit / ducts / basement /etc.) while my pregnant wife and children are in this Southern July heat, and a baby making landing in 6 weeks... with no money left over... period. I'm still active duty military, but just found out I'm being medically discharged. So on a relatively crummy paycheck (compared to what I was making in the civilian world), with potential loss of employment... am I overlooking a way around / out of this? I've researched the laws and contract front to back, top to bottom. My lawyer gets back in town in a few days, but when I approach him with the idea of walking out on the home, I want to be armed with sound FINANCIAL advice so that I can consider the legal stuff and make good decisions based on both aspects of this issue.Please no patronizing or flaming... I'm really looking for any sort of realistic analysis from money smart, experienced folks... and I'm already having a hard enough time with this. Your time in reviewing this ridiculously long post is GREATLY appreciated and of the utmost value to me. Thank you.
Personal Finance Deals
g: 0 Posted By: fatwallet102
Views: 188 Replies: 8 I have not been to the dentist in a few years after my long time dentist retired. I started to have tooth pain in one of my molars and needed to see a dentist. I have Metlife insurance. Made an appointment with a random, general dentist. Got there, told him I was there for a checkup, and that I had some pain in my molar. The dental assistant takes X-rays of my mouth. Dentist comes in, reviews the X-rays and says I need a root canal (expected) and that I had a couple other cavities. He writes me scripts for Amoxicilin and Ibuprofen (which is a waste of money since its not even a prescription drug). Tells me to come back for a root canal. No cleaning, no services performed. Ok, no problem. So far so good. Get into the office and talk to the dental assistant. We set a date to have the root canal done. They then demand $700 from me (I have insurance which pays 80%). I was caught totally off guard. I objected told them to cancel the appointment and mail me a treatment plan (which never came). Said I would call and schedule the root canal.
Now my insurance gets the bill, and I see the dentist billed $386 for this appointment, including $128 for "Emergency relief of dental pain". Outside of prescribing me overpriced Advil, he did absolutely nothing to relieve my dental pain, which was not severe, constant, or an emergency. I called my insurance company to dispute the charge. They did not offer any assistance. I was at work so I didn't push the issue. You folks agree I am getting ripped off here right? What kind of recourse do I have?
Question Deals
Churning with USAA auto insurance
Added on : Thursday July 25th 2013 12:00:08 PM
g: -1 Posted By: mastroadam
Views: 40 Replies: 1 Go to USAA, get auto insurance, pay premium with any flavor you like, cancel insurance. When you go to cancel they will ask you how you would like your prorated portion back and one option is to have it credited back into your checking account. This worked with $97, report back with how high you can go. This may also work with other insurance companies.
Personal Finance Deals
g: 0 Posted By: Gagne
Views: 154 Replies: 1 Sorry, I searched "travel accident insurance" but did not find answers.When we buy an air ticket using a credit card, we usually also get free travel accident insurance (for common carriers) provided by that card.
For example as I know, Visa Signature usually offers $250K (some $1M), and World MasterCard $200K.My question is, do we also get this kind of insurance when we redeem a ticket using reward miles like from AA, UA credit cards?
If not, I think we should not do this because we are not protected.
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Hit by an uninsured motorist
Added on : Thursday July 25th 2013 05:00:10 AM
g: 0 Posted By: wolferanger
Views: 82 Replies: 2 My wife was recently in an accident, in which the other driver rear ended her and claimed total responsibility. They exchanged insurance info etc. Later that night my wife filed a report with our insurance company. The other driver attempted to do the same only to discover that her insurance had lapsed a month earlier. Since the accident the other driver has contacted us several times requesting to pay for the damages directly and to try to avoid it going through insurance. I do honestly believe that the other driver was not aware that her insurance had lapsed (not that it justifies it). The woman was the one that called the police at the scene to report the accident, she shared all of her insurance info, called her insurance company to file a report. Therefore, I am somewhat sympathetic to her situation. My wife is not currently exhibiting any medical related issues to the accident. We took our car to the repair shop and got a detailed estimate for the damages. The other driver is asking that we allow her to pay the shop for our damages. Part of me wants to allow her the opportunity to do so and avoid further ramifications from the accident. However, my primary responsibility is to do what is the best interest of my family. If I allow the other driver to pay the shop, and my wife or the car later experience problems related to the accident I know it will be much more difficult to recover any damages. Also since we have already reported the incident to our insurance company even if the current repairs don't go against my uninsured motorist policy, isn't this other driver already going to be reported to the state? How does letting her pay for damages now effect my ability down the road to address future related issues? We do have a claim number so I would assume we could go through the insurance under this claim for a designated period of time, or am I mistaken? I know the easiest/safest course for me is to just let everything run through the insurance but I feel compelled to try and at least investigate all the angles and help this woman if possible as long as it doesn't jeopardize us.Any insight or suggestions would be appreciated.Thanks
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Consumer Electronics Expo 2014 (CES) - Free Admission ($100+ value)
Added on : Wednesday July 24th 2013 07:00:05 PM
g: 0 Posted By: mik3ster
Views: 115 Replies: 0 Over four days, beginning Tuesday, January 7, 2014, those who shape the future will gather in Las Vegas for the 2014 International CES. The future of technology is born here and theres no better time to witness history. Register now using priority code U1. 2014 CES Registration is Now Open! Registration for the 2014 International CES is officially open! Register today to receive free registration before a $100 fee goes into effect on September 1.LinkYou will need to submit proof that you work or are affiliated with the tech field as your profession somehow:
I have always gotten free passes in the past without submitting proof of this however, they do ask that you submit this and may not grant you your pass if you do not.As part of the International CES registration process, we check all attendee's affiliation within the consumer electronics industry. In order to confirm your registration, we currently require additional information from you regarding your participation in the industry. To verify your affiliation, please provide a brief explanation of your business purpose for attending the International CES and present one of the following items: Business card with your company name, your name and title. Letter of Introduction on company letterhead indicating you are representing said company at the International CES Copy of a company pay stub, or Copy of the companys Insurance card. Once uploaded, CES will review and confirm your registration based on the information provided here. *You may proceed in the registration process without providing proof of affiliation at this time. However, CEA will not be able to confirm your registration until this information is provided.This is a huge event where companies showcase their technology of the year. It is where many great products have been announced at and/or a former platform for big companies to announce their lineup.Enjoy.
Restaurants & Entertainment Deals
g: 0 Posted By: emilymm
Views: 61 Replies: 2 My mom was diagnosed with lung cancer stage II about 8 months ago. She's since undergone surgery and chemotherapy and recovers well. She is visiting me in the SF bay area and plans to go back to China in October this year. She was told to have blood work (AFP and CEA) done to monitor cancer recurrence. She does not have any insurance here.We went to a public hospital and saw a general practitioner and was told that she couldn't order such tests. She can be referred to an oncologist in a public hospital but the waiting time can be months. We tried to go to the labs directly and was informed that tests are not possible without a doctor's order. I understand that we can make an appointment with an oncologist and pay out of pocket for it. The thing is my mom is not seeking treatment or consultation from an oncologist. Once she gets the blood work result, she will send it to her doctor in China. Does anyone have experience getting lab work without seeing a doctor? Any advice is greatly appreciated!
Rear end a SUV with small compact
Added on : Tuesday July 23rd 2013 08:00:20 AM
g: 0 Posted By: Luser
Views: 10 Replies: 0 Hi FWF,Thank you all that helped me in the past. I am not going to write a wall of text.Here my story. I rear end in a hitch of a SUV two month ago. No police report. No insurance has been reported. I told the SUV driver that I would pay to cost of the repair if he takes the SUV to my mechanic. SUV driver waits 3 weeks to contact me via SMS text that he is going to take it to my mechanic. He never showed up to my mechanic. I mean anything could have happen to the SUV in 3 weeks. Contacts me again after 2 months period. Accident was in New York City if that matters.How should I proceed?
g: 0 Posted By: busnut
Views: 136 Replies: 5 Just got word today that our ins. co. plans to total our car due to flood waters. Vehicle is a 1993 Chrysler New Yorker Fifth Avenue 1-owner with 62,000 miles When we ordered the car, every available option o/t leather interior was ordered/included. Even full size spare tire with matching rims were ordered. Car has never been driven in the winter, no rust, nothing wrong at all with car - vehicle in pristine condition. Searched the internet for comparable cars, but only found 1 in Carlyle, PA. Hate that our Fifth Avenue is totaled (water entered the engine carburetor - engine all locked up). Just want to receive a fair settlement for a car that is older, but in pristine condition. Comparables will be very hard to find. Looking for advise. Have not received the offer/settlement amount yet from the ins. co - they said I will hear back later this week from the "total loss settlement department". Thanks FW's - your advise is appreciated.
Question Deals
Big change on Amex Serve one funding source each!!
Added on : Monday July 22nd 2013 05:00:14 AM
g: 0 Posted By: catbertsf
Views: 54 Replies: 0 just got this email:email said: Hello xxxxx,

We're writing to inform you that we are making changes to two features of your American Express Serve Account and adding several new features. These changes will take effect on August 13, 2013.

Here's what's changing:

Limit on Number of Funding Sources by Type: You will be able to link a total of three separate Funding Sources, but only one of each type: (i) one bank account, (ii) one credit card and (iii) one debit card. If you currently have more than one Funding Source of any one type linked, you can remove them prior to August 13th. Otherwise, your Account will default to the most recently used Funding Source of that type, and the others will be removed from your Account.

Discontinuation of Deals and Offers: The Serve Deals & Offers program is ending on August 12, 2013. We will honor all Deals and Offers that you have purchased or linked to your Card and the terms applicable to the Deal or Offer are not changed. After August 12th, you will not be able to view any Deals or Offers on Serve.com or the Serve mobile app. Please print or save your voucher(s) by August 12th. After this date, unexpired vouchers will only be available by calling American Express Serve Customer Service at 1‑800‑954‑0559.

Here's what's new:

Acceptance of Government Benefits and Payments via Direct Deposit: If you have activated your Card and enrolled in Direct Deposit, you will be able to arrange to have all or part of any Federal or state government benefit or payment (e.g., Federal tax refunds or social security payment) transferred directly to your Account by the relevant government payer.

Fee-Free MoneyPass ATM Transactions: The $2 ATM withdrawal fee will now be waived if you use our MoneyPass network of more than 22,000 ATMs. If you choose to use an ATM outside of the MoneyPass network a $2 American Express Serve fee will apply. An ATM operator fee may also apply for transactions made outside of the MoneyPass ATM network.

FDIC Pass-Through Insurance: When you add money to your Account, funds will be placed by us into one or more custodial accounts we maintain for the benefit of American Express Serve Accountholders at one or more FDIC-insured banks (currently Wells Fargo Bank, N.A. and American Express Centurion Bank) not later than the business day after those funds are reflected in your Total Balance. These custodial accounts will be set up to provide pass-through FDIC insurance. Subject to certain limitations, this means that if a bank holding our custodial account fails, you should be insured by the FDIC up to the per-depositor coverage limit then in place (currently $250,000 in most instances). Funds loaded to a "Provisional Account" are not covered by FDIC pass-through insurance.

Thank you for being a member of American Express Serve. Please take some time to review these changes and the updated Consumer User Agreement when the changes take effect on August 13th. If you have any questions, please call us at 1‑800‑954‑0559 (24/7) or send us a message through the Contact Us page. You don't need to take any further action to accept the updated Consumer User Agreement. If you choose not to accept it and would like to close your Account, you may call Customer Service or you may also close your Account online at www.serve.com.


Thanks,

The American Express Serve Team
General Economics Deals
g: 0 Posted By: Wanamakemoolah
Views: 63 Replies: 0 I know that in some or possibly all instances, if you have a business that is incorporated in one state, then that business must register as a foreign entity performing business in another state if it does business there. For example, according to California's government website FAQ:"Do I have to qualify or register a foreign (outofstate or outofcountry) business entity?Before transacting intrastate business in California the business must first qualify/register with the California Secretary of State. (California Corporations Code section 2105, 15909.02, 16959 or 17451.) California Corporations Code sections 191, 15901.02(ai) and 17001(ap) define "transacting intrastate business" as entering into repeated and successive transactions of its business in this state, other than interstate or foreign commerce."I want to do consulting in various states. Do I need to register as a foreign business entity in any of them? I might also want to offer seminars, perhaps two or three days. To have to register as a foreign business entity in each state would be onerous.Based on that California FAQ, it sounds like only intrastate business transactions must do that. So if I was opening a warehouse or a storefront in a state, that would likely be intrastate, but if I'm flying in to give a weekend seminar or do consulting services 4 days a week for a year, that might be interstate and thus unnecessary. I haven't looked at every single state's website regarding this topic, I'm really just hoping this is something I absolutely don't need to do or worry about. I'm concerned if I failed to register as a foreign business, and I was supposed to, that it might open up "piercing the corporate veil" or possibly invalidate professional liability insurance that I've obtained.
Discussion Deals
Pay down debt or invest?
Added on : Saturday July 20th 2013 07:00:08 AM
g: 0 Posted By: kzhswx11
Views: 0 Replies: 0 Need some help making a major financial decision. We have the saving to pay off all student debt, but is there a better alternative?Married, renting in Chicago age 33 and 28. We take advantage of the free events in the city (my job has museum entrance perks... etc), and we go out and have a good time once in a while.
I walk to work and the wife takes the bus (her income is net of these transportation costs)Income:
Me: $80K annually; Take home $4,100 monthly after 8% 401K (company match of 5%)and healthcare. I have about $100K in my 401K.
Wife: $63K annually; Take home of $3,200 after healthcare; works for state and pays into pension plan. No other retirement accounts.Monthly payments:
Rent: $1,450 (only bill we pay is electric; cable and internet is included)
Electricity: $40
Car insurance: $100
Gas: $100 (we have one car that is paid in full and both work in the city, so we rarely drive)
Rental Insurance: less than $20/month.
Cell phone: $100
Credit cards: No balance carryover from month to month.
Student loan 1: $121
Student loan 2: $502
grocery / restaurants / going out: $700Debt balances:
Student loan 1: $16,500 @ 1.75%
Student loan 2: $75,000 @ 6.25% (previous job wife would have qualified for a lump sum pay-down, however after horrendous working conditions, that is no longer an option.)Assets / Investments:
$140K in MMA @ 1%
$100K in 401K contributing 8% with 5% employer match.
$6K Roth IRA - started funding this year
$12K in wife retirement pension plan contributing 7% of income.Question: Should we use savings to pay off the 6.5% student loan? Any other tips / suggestions would be appreciated. Goals: we want to have money to put down 20% on a house in roughly 3-4 years.
Car damage-- issue with insurance! need advice
Added on : Friday July 19th 2013 05:00:04 PM
g: 0 Posted By: ovaloffice
Views: 224 Replies: 3 I have a 2004 camry which was parked in my works parking lot next to a wall. Today afternoon an 84 yo grandpa while trying to park his car on the other side of the wall hit the wall. It happened that the wall broke and fell on my car. Total of six cars were damaged and I got the biggest damage among all. on my hood, looks mostly cosmetic, but not sure if engine etc are damaged. The car appears to be drivable. Grandpa was nice.. he felt sorry and gave all the insurance info. I felt sorry of the old man too, he hit it gas pedal by mistake. Anyways I got the police report no etc. I called his insurance (all state) today and they told me to use my own insurance. She mentioned that there might be "coverage issues" and the investigation will be very long. To expedite the issue I should use my own insurance.I called my insurance (State Farm) and they told me that my current deductible will apply. She said that I will not be at fault and this incident will not be counted against me. My questions are:
1. Should I trust the allstate agent that this is going to be a long investigation or is this just a strategy to avoid paying for the damage.
2. As far as my car insurance is concerned, even though they said that they will not count this accident against me... am I still at a risk of having higher premiums next time?
3. If i ask my insurance (State Farm) to be involved, is there any possibility I can get some of the reimbusement of deductible from all state?Totally confused.. please advise.
Personal Finance Deals
Car damage-- issue with insurance! need advise
Added on : Friday July 19th 2013 04:00:07 PM
g: 0 Posted By: ovaloffice
Views: 0 Replies: 0 I have a 2004 camry which was parked in my works parking lot next to a wall. Today afternoon an 84 yo grandpa while trying to park his car on the other side of the wall hit the wall. It happened that the wall broke and fell on my car. Total of six cars were damaged and I got the biggest damage among all. on my hood, looks mostly cosmetic, but not sure if engine etc are damaged. The car appears to be drivable. Grandpa was nice.. he felt sorry and gave all the insurance info. I felt sorry of the old man too, he hit it gas pedal by mistake. Anyways I got the police report no etc. I called his insurance (all state) today and they told me to use my own insurance. She mentioned that there might be "coverage issues" and the investigation will be very long. To expedite the issue I should use my own insurance.I called my insurance (State Farm) and they told me that my current deductible will apply. She said that I will not be at fault and this incident will not be counted against me. My questions are:
1. Should I trust the allstate agent that this is going to be a long investigation or is this just a strategy to avoid paying for the damage.
2. As far as my car insurance is concerned, even though they said that they will not count this accident against me... am I still at a risk of having higher premiums next time?
3. If i ask my insurance (State Farm) to be involved, is there any possibility I can get some of the reimbusement of deductible from all state?Totally confused.. please advise.
handling accident while cutting lawn
Added on : Friday July 19th 2013 07:00:10 AM
g: 1 Posted By: releasefoobar
Views: 332 Replies: 15 Good Day All,I had an incident this morning and would like some advice. I cut a neighbor's lawn on a regular basis to earn a little extra money. This morning my lawn mower was in her driveway as I was in the middle of taking care of her lawn. She was backing out of her driveway on her way to work, didn't see the lawn mower and hit it. It cracked her taillight. She said her backup camera doesn't work so she didn't see it. She wanted me to pay for the taillight and a small scratch. She said she doesn't want to claim it on her insurance because she was recently in another accident and doesn't want her rates to go up. I offered to pay 1/2 to calm the situation. She called and said the estimate is $1100. Is the appropriate way of handling this to give her a cashier's check for 1/2 the amount and be done with it? I'm not sure who's at fault or the best way to deal with the situation. Thanks
Personal Finance Deals
2 Live Nation Tickets with Mercury Insurance Quote - SoCAL - YMMV
Added on : Thursday July 18th 2013 06:00:08 PM
g: 0 Posted By: remick
Views: 45 Replies: 0 http://www.mercuryinsurance.com/concerts/
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Live Nation Coupons
Advice Requested: Insurance or Repair (pics included)
Added on : Thursday July 18th 2013 01:00:08 PM
g: 1 Posted By: Horseymen
Views: 180 Replies: 0 I appreciate any thoughts/help that can be provided.I consider myself a home improvement rookie. It's just not my thing. One of the more embarrassing moments in my life was trying to put together an Ikea TV stand for 45 minutes, and my wife got frustrated, took it away from me and finished it in 7 minutes. This kind of stuff just isn't where my brain is powered. If you have technical comments, please understand I won't understand most of what you're saying, so talk in small words. I have had a bathroom leak for about a year. Everyone keeps giving different advice. About 6 months ago, I had someone come out, say it was a caulking issue, recaulked the shower, it slowed down (so I thought).About 2 months ago, my wife went into the closet where she keeps all the shoes that she never uses, picked up a shoe and saw the bottom shelf of the closet was loaded in mold. Clearly the caulk kept whatever the source of the leak was from coming into the tile - and it went into the wall and took care of that. We removed the bottom panel (where all the mold was) which then allowed for water to quit soaking into the wood - and move closer to saturating the entirety of the carpet.About 3 weeks ago, we had a paraprofessional come out, look at it, take apart the shower and notice the drain pipe was completely busted. More than likely, some of the water when going down the drain was going out, had nowhere to go, so it, as water will do, went into the wall, out any area possible.So, this was fixed, drain pipe repaired, drywall repaired, new carpet put in the closet - all is good. Out about $1200 bucks.Fast forward to about 10 days ago when my wife noticed it was leaking again. This is where I look to the internet for advice, because I'm an idiot, and I've asked two professionals and have heard two different things.I have a coverage in my homeowner's insurance which covers slow leaks and the damage that has been done (and the repair) - it was an added coverage that I've had, so it's not a normal part - but something my insurance guy recommended.The deductible for homeowner's insurance is 1% - or in this case, about $4,000 dollars.I've had a general contractor come out and look at it and a plumber. General contractor says that this is a caulking issue, that it's not sealed, probably not the drain pan the way it's leaking, he would like to cut open the wall and check it out more (but there's a cost involved with that) - but the issue is more likely with shower door/shower pan than an incorrectly installed drain pipe - and likely drain pipe was a big part of the issue, but those other issues went unfixed and contributed to it anyway - and suggested a master painter who had superior silicon caulking experience.I've had a plumber come out, and tell me 10 different things it could be, but he wouldn't even give an estimate until he could demo everything and pull the shower out. He said it would likely require tile damage to see everything. He estimated about a day of labor before even beginning to diagnose it, but "it likely would not be more than the insurance claim"So therein lies my quandry.If I go with insurance, then my max out of pocket is capped at $4,000, but I will likely see insurance hikes, but I assume there would be some sort of warranty that the problem WILL be fixed, and if it came back 2 weeks later, it would be fixed again?If I go with either of the other options, if they get in there and discern it's bad, then I'm out that money PLUS insurance cost, but there's also a chance it's a $1000-$1500 dollar fix (less than $4000) - and no insurance hike.I'm already out $1200 fixing it once (but clearly not having it fixed - since the problem cropped back up a few weeks later)I've attached three pictures.Picture A is just a general view of the shower.
Picture B is a view of the wall where the water is likely eating up in there and settling - also, you can kinda see the corner caulk where the leak comes from under the shower.
Picture C is the other side of the closet where the water is coming in through the wall.Anyone with thoughts/ideas/advice? For what it's worth, this is not a house we plan on staying in for much longer (maybe 1 year or so) - but it is something that clearly needs to be fixed.This also isn't something where I have my mind made up which way I want to go so I will be defensive to everything said. I honestly don't know which way would be best. Part of me values getting it done without dealing with insurance, but the home improvement novice likes the "this will cost no more than $4,000 no matter what, and it's guaranteed to be fixed." - $4,000 would be a big chunk of cash for us, but we do have it in an emergency fund.
Personal Finance Deals
paying for my newborn's delivery bills through 2 insurance plans
Added on : Thursday July 18th 2013 11:00:08 AM
g: 0 Posted By: nwill002
Views: 82 Replies: 1 Wife has student insurance... PPO with 20% co-insurance fee
I have high deductible plan... I pay 100% of fees up to my deductible which I dont think we will hit with these bills since we had a normal delivery with no complications and left hospital in 24 hours. But my plan also covers 100% of routine/preventive care.Currently we are just using my wife's insurance but I have already added our baby to mine just incase since the premium is so low.Is there a way to have both of our insurances work together to minimize our costs such as have my insurance only be used where it will cover the fee 100% and have my wifes cover everything else?
They mentioned if I have insurance they will use mine as the primary and wifes as secondary since I am older... I'm hesitant to put mine's on the table in fear it would do more harm than good.thanks
Personal Finance Deals
Calculating Break-Even Mileage for Reinbursement
Added on : Wednesday July 17th 2013 09:00:14 AM
Hello everyone,Right now, I'm using a company issued car for work. Nothing too special - and we have to pay $250/month for the car. It's like an all-inclusive lease - that fee includes unlimited gas (though I'm taxed on personal miles), insurance, maintenance, etc. Not a horrible deal, but we also have the option to just expense mileage at the IRS maximum rate of $0.565/mile.I'm about to hit the mileage limit on my company car - 80k miles. They generally offer to let you buy it for $6500 when it hits that limit. I'm inclined to do this, because I have had it since new and know it's been well maintained - and these vehicles regularly go to 300k miles without any major issues. After a certain point, this would give me a decent tax-free profit in a vehicle I enjoy driving.I'm trying to figure out a formula to calculate the number of miles I'd have to expense to "break even" including the purchase price, insurance (assumed at $1000/year), maintenance (assume $1000/year and I can do it myself), and the fuel I'm using (assuming $3.70/gallon). Maybe I'm just tired, but for some reason I can't seem to get the continuous fuel use factored in. Any help would be appreciated!
Short Term Lease Pitfalls
Added on : Wednesday July 17th 2013 09:00:13 AM
I have a potential renter that is looking to rent my single family home for a 3-month lease, and then month to month after that. He states that they are having some insurance work done on their house and need to move out for a minimum 3 months (I have yet to inquire about the nature of this damage which I will do). He is willing to pay $2100/mo for a property that I have listed at $1600/mo. I have thought up some pitfalls that can happen with this type of setup and I was curious if you all have any others I have missed. The property is in Washington State.- 3 months from August is November so that gets me from high rental season to low rental season which will command a lesser amount of rent and be harder to rent (potentially impossible until Jan-Feb).
- I have to deal with a vacant property again and deal with cleanup. The extra amount should cover at least most of this.
- This could be a scam in some way due to the over payment of rent. Not sure how, but you all might have some ideas.Any advice is appreciated!
Family Daycare Facility & Landlord Insurance Coverage
Added on : Wednesday July 17th 2013 05:00:17 AM
I am in process of purchasing legal two family in LongIsland,NY area. I have a prospective tenant who runs a family day care facility in their current rental house and plan on continuing in one of my rental units.I am bit new to this tenant landlord aspect. Would appreciate if you could share suggestions/feedback with regards to Liability coverage and type of insurance i can purchase to cover any potential law suits above and beyond normal home owner insurance.Thank you in advance for your time and help.
McDonald's budgeting demonstration and extreme savings
Added on : Tuesday July 16th 2013 08:00:07 PM
McDonald's is putting together a module to help its employees budget better, which is getting pilloried all over the Internet for making unrealistic assumptions about minimum wage workers.http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/16/that-...So the figures for heating and health insurance in the original Visa/McDonalds sample budget are hard to defend. But overall, it offers a reasonable picture of how a typical person in the lower half of the income spectrum spends his money.
And the reality is that these low-income Americans have to make the kind of hard choices that critics are deriding as ridiculous. They have to make do with a used car, live in a modest apartment with a roommate, get by with basic cable and a low-end cellular plan, and travel and go out to eat infrequently.
Gawker calls the budget just-shy-of-condescending, but budgeting is an important skill that isnt obvious to every young adult in America. Offering practical advice on how to live on a modest income is more constructive than ridiculing the choices required to do so.I don't want this to be a political thread but you need to look at this from the extreme retirement people, who create a zero based budget starting from the hierarchy of needs and moving up. So you need food and would pick a thrifty food plan with what's on sale at the market that week, housing would be a room in someone's home, you would bike to work or take the bus, and your entertainment would be something free like walking or going to the library. Even in Los Angeles, you can find rooms, utilities included, for $600 or less - go to Craigslist and search under rooms for "utilities included". Food would cost you $150 a month, a bus pass would cost you $80 a month, laundry and miscellaneous expenses $20, and a prepaid phone might cost you $50 a month - for $900 a month in baseline costs, against a CA minimum full time wage ($8 an hour, 40 hours a week, minus taxes) of about $1100. Add an individual studio apartment, entertainment, etc. accordingly to fill out the amount and increase the comfort level. Health insurance is an issue, but starting in 2014 with the ACA someone making minimum wage will have free insurance at the "bronze" level.The big issue is one time expenditures like clothing, security deposits, furniture, etc. and unexpected expenditures - which the minimum wage does not account for. A car would fall under this capital cost category. Many people run back to mommy and daddy for those things, but you would have to save over many months for the minimum subsistence wage to provide for this. If you didn't have someone to fund these one time expenditures you have to deal with the shady signature loan market, with accordingly high rates. But the point of a minimum wage is basically to allow one person to subsist and not starve or be without shelter.Looking at this in CA, monthly expenses only, capital costs excluded:
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Room - $600 (including utilities)
Food - $150 (thrifty food plan)
Health care - $50 (subsidized clinic now, Bronze health insurance + co pays post-2014)
Transportation - $75 (bus pass)
Incidentals - $25 (laundry, etc.)
Phone - $40 (Page Plus, needed for shifts at work)
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$940 totalIn other parts of the country I have seen furnished all utilities included rooms for under $300. In those areas you probably will need a car which will cost you about $300 a month in gas, car payment, and insurance (liability only) so it is a wash. I sometimes think about this should I get into a situation where I need to seriously conserve cash. While in my case my housing prices are higher due to PITI, I would consolidate my stuff and have someone stay in an extra room. What's the lowest you could spend a month and still survive?
Umbrella Insurance Question
Added on : Monday July 15th 2013 02:00:08 PM
Hi all, I am debating to add umbrella insurance and wanted to get your opinions on what is the best route to take. I currently have home owners and auto insurance from Geico and pay 1,900 for both. For the auto insurance I have 4 cars (a 2013 Mercedes Benz which raises the price the most, a 2007 Lexus, 2008 Hyundai, and 2004 Volvo), 4 drivers (ages are 49, 47, 22, and 20), and numerous tickets/claims (5 tickets total and 2 not-at-fault claims). My coverage is 100/300 bodily injury, 100K property damage, 10K medical payments (deductible for our health insurance is 3K per person), 100K uninsured/underinsured, each car has a 500 deductible for comprehensive and collision and I also have rental coverage on each vehicle. My house is worth approximately 600K. I also own numerous businesses of which my share is worth about 1 million.Sorry for the very long background but just wanted to try and include all the information I thought would be relevant. I contacted Geico and they quoted me $500 per year for 1 million in umbrella coverage. Is this a good rate? Would you guys recommend getting umbrella coverage or increasing my auto/home coverage to higher levels. I was also told that I would need to increase my auto/home coverage slightly to be eligible for umbrella coverage but only $20 more per month. Also, I just called Geico back again today and was told that I am not eligible for Umbrella coverage because of my driving record and they gave me another company that I can contact. For most of the major companies do you need to have home/auto coverage from them in order to be eligible for umbrella insurance. This is my first time purchasing so any advice would be appreciated. Again, sorry for the long post.
Is travel insurance worth it?
Added on : Monday July 15th 2013 11:00:07 AM
I'm considering getting travel insurance, but is it worth it? Here's one site (http://www.worldnomads.com) that offers travel insurance for a US citizen for 3 months worldwide at about $187 USD.Emergency medical: $100k
Hospital room/board: $50/day
Mental: $250
Emergency Evacuation: $300k
Security Evacuation: $300k
Trip Cancellation: $2500
Trip Interruption: $2500
Baggage loss: $1000
Baggage delay: $750
Accidental Death & Dismemberment: $5000
------------------
3 month coverage: $187 totalI've never purchased travel insurance. Is it a common thing to do? Is this stuff even useful?
Need Help: W2 vs W2 Contract Employee vs 1099 Contractor
Added on : Sunday July 14th 2013 03:00:09 PM
Long time lurker here looking for some advice. I'd rather not say the name of my former employer but it's well known in the health care IT community as a company that burns out employees quickly. I wound up leaving just north of two years in, which is actually very common for this company. My one-year non-compete agreement ends in 6 weeks and I'm able to enter consulting. This is a very striving marketplace and people with my skill set and certifications are in high demand. I should easily be able to pull in $100k on the low end which is nice for a 27 year old. I also have a few years of healthcare management experience and a healthcare related degree, which is rare for someone in my position. Most employees hired by my former employee have non-industry degrees such as art-history and other silly unrelated things. Then the clients get pissed that these employees don't know how a hospital runs. Surprise, surprise.That's all spilled milk and now I'll be able to take my few years of healthcare management experience, related degree, and two years of health IT experience and go into consulting. All of my friends who left and went into consulting got 10 phone calls within the first day of posting a resume. Apparently my former employer is a top keyword search for headhunters.The problem is that most of these consulting opportunities are W2-based. For the average dumbass former employee of my last company (who is in their mid-20s and doesn't know any better), a W2 job at $110k/year plus "amazing benefits" like $30/month gym membership stipend and top-of-the-line health insurance seems great. And for the average dumbass 24 year old, it would be.Obviously if I am 1099, I have to pay my half of SE-Tax that a W2 employer would otherwise pay. However, it's my understanding 1099 positions pay at least that much more to compensate.But I'm 27, have some financial savvy, and know that making $150k as a 1099, contributing the max plus 25% of net income as employer-contribution of an individual 401k, paying for my own HDHP, maxing out an HSA, writing off a second maxed-out phone as "business" while I maintain a prepaid per-minute plan as my personal phone for IRS auditing purposes, and other interesting tricks is significantly superior.To make matters worse, it seems like another large chunk of consulting jobs are W2-Contractor roles, which from my understanding means that I have the worst of both worlds. I can't collect unemployment between gigs and I can't contribute to an Individual 401k.Finally, I'm of the impression that as a W2 based employee, I become salary exempt and when the client needs me to work more than 40 hours a week, I'm screwed - no extra money but my company can bill the client for my extra hours and keep the money themselves. I'd really like as a 1099 if the customer sends me home at the 40 hour mark because I run a few small side businesses that I've stared over the last 11 months of my non-compete period. I can keep them going over 10 to 20 hours per week, so if I keep my consulting gig to 40, then it won't be an issue since I was used to working 80 hours per week at my last employer.I've only just begin my search so I'm sure there's at least a handful of 1099 gigs out there, but so far the first 10 places I found were W2 based. A few places I emailed said they'd consider using me as a 1099, but since I've never worked as one before, I feel like I might get screwed, especially if it's a company that normally doesn't 1099 people. The problem is best defined as: "I don't know what I don't know."I'm hoping the smart minds here can help me figure out what to do. A few issues I have that I don't know the answers to are:a) 1099 vs W2 vs W2 contractor - general thoughts?b) As a 1099, can I require the client to pay me extra for overtime? I know with W2 (non-exempt) work, it's a federal law to pay 1.5x hourly pay >40 hours. With 1099 IC work, I imagine it's not a law, but I can require it in my contract. Along those lines can I hit a second time frame like >60 or >80 hours = 2x pay? With the kind of work I do, it might be a project that the client will want me to work 40 hours per week for a 12 month period and then have me work 90 hours per week for the last 3 or 4 weeks of the project as it finalizes.c) How do travel reimbursements usually work for 1099s? I'm certain with a W2, the company takes care of everything. With a 1099, do I usually have to bill the client directly, or does my "consulting/staffing" company handle that as part of their cut?d) Does the kind of job I'm describing usually involve a non-compete? I'm pretty sure the correct term for the kind of company I'm looking to work for is a "staffing company". It's not a Consulting Firm like the big 4 (e.g. Deloitte) that W2s you, overworks you, bills the client hourly, and sends you different clients every week. With my kind of work, it will be one hospital that wants to hire me on a 6 month contract term (that may be extended at their discretion) to do a certain project role, and this hospital client will want to do a brief interview with me to ensure I'm a good fit. I imagine this interview is less intensive than a regular hiring interview because the hospital is assuming the staffing agency performed full due diligence on me.e) What other questions and considerations should I be making that I might have forgotten?Thanks so much for any help.
Accident Forgiveness - Geico
Added on : Sunday July 14th 2013 11:00:04 AM
Geico gave me a quote cheaper than my current insurance, so looking to switch. One of their options is to pay $12 a yr for accident forgiveness so if I get in an accident, rates won't go up. Wondering if anyone else has feedback on this choice?
I am currently in college, and not enjoying where I am at. I am currently a resident of Illinois and want to attend University of Missouri. It is really expensive for being out of state, but if I gain residency it will be a lot cheaper. I am wondering if I will have to pay for my own insurance because i will become a resident, and whether or not I will be included on my parents taxes as being a dependent of them.Any suggestions or other ways to get around issues like this will greatly appreciated.
How is Title Insurance through entitle cheaper
Added on : Friday July 12th 2013 06:00:16 PM
We are in the process of purchasing some real estate and I have been asked by the lender to provide my title company contact. I am a newbie in the title insurance space so started doing some research, here is what I have found - Purchase Price - $350,000, loan amount $280,000
Local Title Company - $2,150 + other fees (I will post the HUD1 from the local company as soon as I have it.)Entitle -
Your Title Insurance Premium with Reissue Discount, Owners Policy $1,399
Closing Protection Letter:$75
Tax Certification Fee:$75
Outside Notary Fee:$225
Courier/Processing:$35I am in PA and have found that there are set rates for title insurance. Link to rates here The $2,150 matches the purchase price above.I came across some other FW threads debating title insurance and this one specifically on entitle, shows positive feedback but how are they able to make money by being ~$750 less. FW Thread on EntitleI know recording fees is not included above, but those should be standard with the county. Appreciate any insight.
Car Insurance Mess, What to Do?
Added on : Friday July 12th 2013 05:00:07 PM
In December 2007, my mother bough a new car. The car was financed with a local bank. In my state, you buy insurance for the car upfront. That is, you pay your coverage for the whole time the car is financed at once, when you buy the car. She paid $1,700 for a policy that would last until she paid off her car. She financed the car to 6 years. That means that she would have insurance coverage until December 2013, or so she thought until this week. A couple of weeks ago, she got a crack in the front windshield. It probably was a small rock in the road, as I can see where it impacted the glass. The crack grew to 3-4 inches before we even noticed it (it was in the lower passenger side, and there is a black tint). After noticing it, she called the insurance company to put the claim and see if they would cover a replacement of the windshield, or if it could be fixed. They told her she had to take the car to one of the shops that do business with them, and they would take a loot at it. When she took the car to the shop they told her that it has to be replaced, can't be fixed.The story gets interesting next. When she called the insurance, they were surprised that she was making a claim, since they had the policy cancelled on their end. She told them that she paid for insurance until December 2013. They told her that the insurance was cancelled on 2010, and that they send notification to the bank. The bank was the one that made the original paperwork for the insurance coverage, etc. But it was the dealer, where she bought the car, who offered her the insurance, and who took the information of my mother, and gave her a copy of the insurance policy she was buying. Apparently the insurance was cancelled because the physical address on the insurance policy was different from the address she lives. They found that out back in 2010 because my mother had a claim for some small accident, which they covered. Apparently the policy is more expensive where my mother actually lives, vs what they had in the policy. But that mistake was not my mother's fault. My guess is that the dealer made the error, but it could have been the bank too. And the address error is only in the TOWN where she lives. Everything else is correct. Also, the insurance company has the correct postal address, the physical address is incorrect. They should have noticed that the two addresses were the same, it was an error they could have noticed. Back in 2010 the insurance sent notification, to the bank, not my mother, that my mother had to pay $400 on top of what she already paid (change of address price increase), to continue with the same coverage, or the policy was getting cancelled. Since my mother did not receive this notification, she did not pay the money. And I don't think she has to pay it, since this mistake is the dealer's or the bank. She was given a price for a policy, in which she gave her correct address, and she paid what they said the policy was worth. The insurance company extended her the policy until July 15, 2013, since they at least understand that they did the mistake of not notifying her that the policy was being cancelled. They are letting her put the claim on the broken windshield (since now the policy is valid until July 15, 2013), but they are paying for a substitute windshield, not the original one. Basically the insurance will pay for a $300 job when if they had approved the manufacturer windshield, it would all cost $900. My mother is upset because she wants the windshield that came with the car. They claimed the car was old, which is B.S (car has 30k miles). My mother said the car is not even paid off. She also mentioned that the original one is safer. My mothers deductible is $250, so basically the insurance would cover only $75. That and the previous claim would put the insurance out of pocket at $175. My mother thinks it's unfair since she paid $1,700. I agree with her, she should get the same windshield that came with the car.My mother just wants two things: to have her insurance valid until December 2013, as prior agreement AND to have the insurance replace the cracked windshield with the exact one (not a cheap one). So what should she do to achieve this? So far the insurance has been playing hard and have been taking too long to resolve it. Extending the policy until July 15, 2013 is not going to fly with me, and paying $75 while my mother puts $250 deductible for a cheap windshield is also out of the question. It seems like the insurance should determine who made the error in the address of the policy (the bank or the dealer) and reach an agreement for the $400 extra. They do business all the time, particularly the dealer, who brought my mother as a client. Regarding the windshield, I don't know how insurances determine if the cheapest windshield is fine or if they have to cover the same part. My mother has a mess and can't find the paperwork, and I'm sure that if she asked the insurance for the paperwork, they would give her the wrong ones. I don't trust them anymore. Maybe the answer is that the windshield has to be what they say, maybe not. I want your opinions. Also, funny thing, the representative of the insurance who talk to my mother said that if she got a lawyer, she would win the case. I would like to avoid that, but sometimes it is the only way to move forward and make this company do the right thing.I know it is a Friday and all, so sorry for the long post. But it had a lot of details that I'm sure I would get asked down the thread. So there it is. Thanks for any help in this issue. Have a nice weekend everybody.
I'm just wondering if anyone out there does most of their own medical work. Orders their own tests or imaging from labs directly online. Reads medical manuals for self diagnosis, etc.If so, what are your best resources and advice for doing so?Nowadays there are an increasing number of places where you can order lab tests for yourself. Prices can vary, but in some cases its actually cheaper to just order the test yourself for the small fee no insurance involved, than going to the doctor and having to pay copays and other expenses just for the same test. And for the many people without insurance, they may be able to afford self treatment, vs no treatment because its unaffordable.It would be perfect if there was some sort of medical self repair manual, similar to an auto repair manual, which has a troubleshooting section where you can lookup symptoms, determine possible conditions, and order your own lab tests, imaging, etc and self diagnose. We could eliminate doctors, insurance, and their bills for all but more serious things like surgeries, injuries, or problems at are over our head. Do any manuals like this exist?Afterall, thats all doctors do is make guesses based on symptoms, and review tests. In my experience my guesses have been more accurate than the doctors. And many dishonest doctors are known for biased treatment based on what puts the most money in their pocket, or also prolonging conditions to make more money, etc. Self testing, diagnosis, treatment would solve those problems, and many other problems in the medical bureocracy. Is anyone doing it?
minor auto accident- pay cash or file claim
Added on : Wednesday July 10th 2013 08:00:09 AM
Long time FW member here, just signed up for new account. My wife's car was totaled last week due to a reckless driver that ran the red light. Her insurance provided her a rental car from Hertz for 10 days while processing the claim. Just a couple hours ago she backed up her rental car into another car in the parking lot. The other driver wasn't at the scene when the accident happened but showed up like 5 mins later. Both cars only suffered very minor scratches. My wife would prefer to pay cash. Other party said he will go get estimate and get back to us ( it turned out his car is also a rental). Now we are wondering if we should file claim with our insurance or just pay cash to fix the minor scratches on both cars.... Would the rental company be able to come back to us after couple of months ask for more money? Thank you in advance.
USAA Insurance Discounts from Banking Products
Added on : Tuesday July 09th 2013 10:00:05 AM
To those who have USAA auto insurance:A data point: I added a USAA credit card somewhat recently and when my condo insurance renewed, it shows a new discount for "Multiple USAA Products". (this is separate from the Auto/Home combination discount) It looks to be about a 2% discount. I'm not sure if one will show up when my auto insurance renews, but I'm guessing it will. I would imagine that for each new product, there could be a slight discount. So it might be beneficial to have a small brokerage account, IRA, etc, especially if such accounts do not require any fees to maintain.
Dental coverage issue
Added on : Monday July 08th 2013 04:00:09 PM
My gf went to the dentist for the first time in ages. She asked them if they take Delta Dental and they do, so she provided them with her insurance card etc. She got a cleaning, filling, and some impressions done on her teeth. They called her today saying they don't take that version of Delta Dental and she owes $400. She came to me all worried what to do. Unsure of the exact process is I feel like this is their fault as she was under the assumption insurance was taking care of this but I suppose it could be her responsibility to call the insurance beforehand and call. Opinions?Sidenote: I go to the same dentist and have Dental Dental Premier PPO, she has a different version but has a state job so I feel like her insurance should def work. She will be calling both offices tomorrow for more info but just seeing if anyone here has run into similar issues in the past.
Buying a used car and getting auto insurance & loan
Added on : Sunday July 07th 2013 01:00:08 PM
About a year ago, I posted here on whether or not I should get a car or just lease or rent and now I have decided to buy a used car due to recently lifestyle change, I will need to travel more. I am a newbie to buying cars, especially a used car and getting an auto loan and insurance. I know my insurance is not going to be cheap since I will be a new driver (getting my license in August) in New York. I have a license back in my own country but have not driven since I came to the states about 10 years ago. So my question is, how to buy a reliable used car and get auto loan? Do I need to first get my license before I can apply for the loan/insurance? Correct me if I am wrong, in NYS, if i'm buying a car with cash in full, I do not have to get a full coverage insurance. I don't plan on getting a full coverage though and anything over $500 for the insurance is too much for me. As for the auto loan, I am just getting it to boost up my credit score, I don't really need it, so my plan is to find something that offer 6 months without interest rate kinda loan. As for buying the used cars, I have seen in my neighborhood that there are people just selling their cars, but again I am not sure how reliable they are when it comes to giving me an honest history of the car knowing that not all history will be on carfax. Btw, I live in NY, Queens area if thats helpful. I just want to know where to start to speed up the process and I can just start driving once I have my license.
Hey guys,Heres the situation:Mom is 64 years old
GreenCard
Healthy
Does not have an income (siblings will take care of health care preimums)The question is, How do you go about shopping for rates.So far I got rates from:Kaiser HMO, Blue Shield, Anthem Blue Cross, and a program called Bridge (suppose to be for those over 60 who is not going qualify for Medicare).SO far these rates go from 400-690/month.I know with the age, its going to be that high.She does not have any serious history.
She would only need it for annual check ups/ occasional doctor visits and just in case anything serious comes up.What is usually the best way to go? Or is there a government program to assist low income single mother with cheap health care that wont qualify for medicare when she turns 65 (not enough work credits)
Anyone here involved in CAT property claims for insurance?
Added on : Thursday July 04th 2013 08:00:08 PM
Or work as an independent adjuster? Already in the business. My goal is to open up a business eventually. My question is, do you think it would be realistic to get into this field, use it when a disaster strikes and make quick money, but otherwise work at my business? What kind of money do you think I could make? My Dad is 55 and retired and we live in the same town. He would be ready, willing and able to step in and keep things running for a few weeks whenever necessary.
new member, 23 intern and trying to figure it out.
Added on : Tuesday July 02nd 2013 01:00:07 PM
Hello guys, I am a new member, love the site already. I have read through a lot of articles and really gained some good stuff. Trying to figure out the best moves to make: I am 23 and intern for a large company with a lot of room to expand.
I just began there and am also doing my MBA.
I have 0 debt at the moment (as I get older, thats going to change big time).
I have 8k liquid, but owe my parents 8k (my dad tells me to take my time and not to worry, obviously I will pay back but with 0 interest and no date- I'll take my time)
I have been paying my MBA out of pocket.
Monthly I take home around $2,500 after state and federal taxes.
I spend $250 on bills and about $600-700 on credit card monthly for gas and food and other stuff. The rest is towards savings. so that leaves me generally around $1,300 savings a month.
I have probably around 1,500 in roth IRA and need to expand on that (company doesn't offer since I am an intern). What would you reccomend here? I can play around some myself, but trust other people more.
I live at home (before you rip on me- I hate rent and why would I pay when ultimately I want to buy). I can't afford that yet and I love it at home and help out at home as well. Houses I would be interested in are probably around 150k.
I have a girlfriend of five years so I am sure somewhere down the line (far hopefully) I will have those new expenses.
How much should I put in to a retirement/savings/etc per month (stupid to leave it in a bank account).
Also, my current credit card I think is horrible I spend on average 5-600$ a month and pay it in full but only get about $55 in rewards yearly. I have had this card since I was 17 or 18One concern is I want a new car, and I have thought about financing it. That way I can gain credit and also take advantage of low rates (I wouldn't spend more than 15). Cars are my absolute passion and I love to drive and do it a lot. I am looking for something more accomodating in the winter and to take it easy on my current car. The problem is I plan to have two (will also save $150 a month in gas and insurance by lowering my current car down to pleasure driving. I own my car (worth around 15k). I know money people would find it stupid, but what do you reccomend?
Can you please direct me, I want to take advantage of my situation while I am in it. Since we know that will all change soon.
Buying Car Out of State
Added on : Saturday June 29th 2013 11:00:06 AM
I am in process of buying a car from a private party in MD. I live in SC. The seller has the title in hand. I will be using a Penfed Auto Loan Draft. Every one of these posts I found when searching is confusing and is filled with opinions and experiences (e.g. well I got pulled over with no tags but the cop let me off so do it like this).Asides from getting insurance, going to a notary and getting a signing a bill of sale and title signed over, I'm lost. She will be taking the plates off the car. Here are my questions:1. Do I need a transit tag? If so which state should give it to me?
2. Do I need to go to the MD DMV for anything?
3. Do I need a "Notice of Security Interest Filing"?
4. Will I need to pay MD any state taxes?
5. Are there any other forms I'm missing?
Best Auto insurance for students
Added on : Saturday June 29th 2013 09:00:17 AM
I was wondering if anyone had any thoughts on where to get auto insurance from as a student.
Details:2011 Nissan Altima 4d s
FinancedMale
Medical Student, age 23
had license since 16
Clean record
Drive approximately 50-100 miles per week
Live in Los AngelesThe lowest I've found so far is 141/month.
Debt Collection / Medical Insurance / Ex wife?
Added on : Saturday June 29th 2013 08:00:09 AM
I recently received a letter addressed to my first name with my ex-wife's surname. I stupidly opened the letter and found it was from a debt collection agency seeking to collect a debt that my deadbeat ex did not pay 2 years ago prior to our legal separation. I contacted the agency via E-mail explained to them that the name they were seeking the debt from does not exist and that the patient responsible was my ex and gave them her contact information. I also informed them that any future correspondence with an incorrect name would be returned to sender. My three main questions:1. Am I responsible for this debt? She was using my insurance at the time but she incurred the charges. Our separation agreement specifically says that each party is responsible for the debt they had at the time of separation.2. What can/will this debt collection agency do to me? Especially if they don't even have my correct name listed on the debt.3. Is there some preemptive action I should take to exonerate myself from this debt prior to it reaching my credit score? I have already told them they have the wrong person via E-mail. Do I need to send some type of formal certified response or just ignore the problem?
Vehicle Insurance Claim Settlement and Lawsuit
Added on : Friday June 28th 2013 12:00:03 PM
I need some suggestion on this case:1. Daughter had an accident, hit someone and was found at fault. Accident happened in 2011 I believe.2. The policy (full coverage) was under my name with her as authorized driver.3. Vehicle was under my name at the time of the accident.4. My insurance company has been in constant litigation trying to settle the accident ever since and today I just received a letter from USAA stating that no settlement was reached and the possibility of a personal lawsuit coming my way.Should I worry?
Hit and run - advice
Added on : Thursday June 27th 2013 01:00:03 AM
A couple of weeks ago I was on the highway driving parallel to another vehicle. I was in the right hand lane vs him being in the left. Further down the road, his side of the highway was closed off with cones. He attempted to cut me off, I sounded my horn, he stopped and I continued. At the last minute, he drove up into my lane of travel, sideswiped me and took off. I was able to flag a state trooper who pulled him over, cited him for leaving the scene. In addition, I had a witness who confirmed that he took off on me after driving into me. Outside of the insurance aspect of it where his insurance will pay for my vehicle to be fixed - do I have any legal recourse into the matter? I live in MA by the way.Thank you in advance.
Fix an old car or buy a used one? (based on my financial situation)
Added on : Tuesday June 25th 2013 11:00:06 PM
My financial situation:+ $2400/month take home pay in Los Angeles, CA (First job out of college)
- Live with parents (pay them $700/month for rent, health & car insurance)
- $600 groceries and dining out (my GF lives with me/us... whole other topic!)
- $200 gasoline
- $30 cell phone bill
- $150 electronics/clothing/etc
=========================================
~ $720 Put into savings accountNow the car question:I drive my parent's 1997 V6 Toyota Camry and it needs $2500 in repairs. (Tires, axles, O2 sensor, CV boots, valve cover gasket)
It has 275,000 miles and gets 19 combined mpg.
It still runs but I only drive it locally (20 mile radius) for work and groceries. I don't know when it's gonna die on me.
Ideally, I'd like to be car-payment-free until I get a higher paying job but I'm not sure if that's feasible.The twist is, it's my parent's car. I can't sell it, but I'll have to maintain it if I want to drive it (seems fair).Fix it or buy another? Sorry, couldn't find any Crown Vics.Appreciate any car/finance advice. Many thanks from a 25 year old.
Hit and run - got plowed on a bicycle
Added on : Tuesday June 25th 2013 05:00:04 PM
Someone exiting a freeway in California hit me on my bicycle. I was in the crosswalk that divides the off-ramp to the street; it was a green for me and a red for them. The person made impact, knocked me over and fled the scene. I memorized his plate and called 911 immediately after the accident. Luckily I was not seriously injured. The city police bickered with the CHP on who should write the report. Five hours later a CHP officer showed up to take my statement.Twelve days later I'm reflecting on the accident. My wounds aren't terrible but my bike is pretty bent up. Based on the damage I'll most likely need a new one all together. $3,500 retail for the bike itself. I've been riding to work both ways for over a year and don't own a car to cut expenses. No car means I don't have auto insurance.What is my recourse here? Should I be calling an ambulance chasing lawyer? Wait for the report to be sent to me? Biggest question - in my position would you file an SR-1 with the CA DMV? Considering that it may be impossible to finger who the driver of the car was I may not be in the position to collect? Will filling an SR-1 raise my insurance rates in the future? It states you need to file within 10 days - I just noticed this today.
Hit by uninsured driver, default judgement, how can I collect?
Added on : Monday June 24th 2013 11:00:07 AM
Last year I was hit by an uninsured driver. The case finally went to court a few months ago and a default judgement was entered against her for roughly $3500 plus their license was suspended. $3500 represents my deductible plus the repair charges (paid by my insurance company.) I also had to rent a car which cost an additional $300.I live in Pennsylvania and unfortunately PA is a state where wages cannot be garnished. (I'm not sure this person has a job anyway but that is another story). My insurance company has so far handled everything, used their attorney to represent in county court, etc. which is great, but I am still out of my $800.I was able to search other court records, and it appears this person is a serial deadbeat, not paying other little things such as dog license and parking tickets as well. Last I know, this person is a renter and does not own their home.My insurance company says they are doing all they can to set-up a payment plan with this person, and to try to get some form of payment. However, due to the time involved, they are probably going to "close" the case over the next few months (i.e. stop sending letters demanding payment).For me, this is more about principle than $800. I am absolutely floored someone can get away with this, and get off relatively scott free. What can be done to recover my money owed?Can I hire my own private "debt collector" to hound her for the money? Since her wages cannot be garnished, what about any bank accounts, cars, or other property? Why isn't the sherrif holding a "sherrif sale" to raise the funds with her property? My insurance co. said this would affect her credit rating for either the next 12 or 20 years (depending on state laws) - can anyone verify this?Any suggestions would be most helpful.
Up to 60% Off Sale Jewelry + An Extra 10% + FS @bluenile
Added on : Monday June 24th 2013 06:00:03 AM
http://www.bluenile.com/shop-our-saleCode: SALE10Extra 10% discount is valid only on sale jewelry items featured on the sale page: www.bluenile.com/shop-our-sale while supplies last. Promotion Code (SALE10) MUST be entered in cart or mentioned over phone at time of purchase. Discount will appear at time of check out AFTER the Promotion Code has been entered and does not apply towards any duties, taxes, shipping upgrades, or shipping insurance fees. Offer may not be combined with any other promotion or discount code, including but not limited to Living Social or Google Offers promotions, and cannot be applied retroactively. Not valid for orders shipped to United Kingdom and European countries. Void where prohibited or restricted. Void if sold, exchanged, copied or transferred. Other restrictions may apply, terms and conditions are subject to change at any time without prior notice. Offer valid until midnight EDT on 6/30/2013.
Blue Nile Coupons
Best Way to Get Car for 3 Months
Added on : Sunday June 23rd 2013 10:00:09 PM
If you haven't heard, I work for a traveling circus (there's another thread about more details, I'm trying to steer clear of circus conversation here, check the blog (www.workingforpeanuts.biz) or the FWF thread on the topic (http://www.fullofdeals.com/forums/finance/1270774/) for anything about that).Tomorrow I roll into Phoenix and the week after I will spend around 2-3 months in California with very short drives from city to city (note, personal vehicles must be driven from city to city). Having a car would be a nice amenity for the few months, but I would want to get out of it before October because at that point we'll be leaving California and the drives would be brutally long.I would be buying this car probably in Fresno and wanting to get rid of it in Sacramento or Stockton. This means any solution would have to work "one-way"I see a few possible approaches to acquiring a car:
1. Monthly rentals - My brief research suggests this would be 700+ per monthPros:
-No hassle - pick up the car when/where I want and drop it off somewhere else.
-Reliable newer carCons:
-Base model economy car
-Expensive (the few places I've seen are $500-800+ per month)
2. Buy a crown vic (like this one in Phoenix http://phoenix.craigslist.org/cph/cto/3890707483.html ) or similar cheap carPros:
-Cheap enough that if I dump a $1,000 for $250 scrap (worst case scenario) I can live with itCons:
-No idea where I would get plates/tags/insurance. I'm a resident of Florida (legally) with my "permanent residence" in Ohio. I could (in theory) use the address of an arena, but that seems ripe for issues.
-I really need a car that will be reliable, maintenance will be very hard as my home moves every week or so.
-Have to try to sell the car and deal with those hassles later3. Buy a nicer used car (10-20k) and hope that over 3 months I can just flip it and break even.Pros:
-Better car/reliableCons:
-Huge cash outlay
-Would want full coverage (more expensive)
-Big downside risk when I go to sell.
-Same plates/tags issue
-I assume sales tax could be more expensive than a cheap car (not sure of California tax laws)I'm trying to decide whether this is a wise idea at all or if I should just use cabs/buses and Uber (which I love and use to move performers around whenever I can) and if I spend $2,000 on cabs then it's a break even without all the hassles.Questions:
1. What am I overlooking?
2. Is there any California issues that are dealbreakers I'm not aware of?
3. What would be the best car to try and flip (including but not limited to Crown Vic)
4. Any California FWFers want to "rent" a Crown Vic to me for 3 months?
5. What (of these options) would have the lowest total cash outlay (net car cost + tax/title/license + insurance)
Short Term Car Purchase in California
Added on : Sunday June 23rd 2013 07:00:09 PM
If you haven't heard, I work for a traveling circus (there's another thread about more details, I'm trying to steer clear of circus conversation here, check the blog (www.workingforpeanuts.biz) or the FWF thread on the topic (http://www.fullofdeals.com/forums/finance/1270774/) for anything about that).Tomorrow I roll into Phoenix and the week after I will spend around 2-3 months in California with very short drives from city to city (note, personal vehicles must be driven from city to city). Having a car would be a nice amenity for the few months, but I would want to get out of it before October because at that point we'll be leaving California and the drives would be brutally long.I would be buying this car probably in Fresno and wanting to get rid of it in Sacramento or Stockton. This means any solution would have to work "one-way"I see a few possible approaches to acquiring a car:
1. Monthly rentals - My brief research suggests this would be 700+ per monthPros:
-No hassle - pick up the car when/where I want and drop it off somewhere else.
-Reliable newer carCons:
-Base model economy car
-Expensive (the few places I've seen are $500-800+ per month)
2. Buy a crown vic (like this one in Phoenix http://phoenix.craigslist.org/cph/cto/3890707483.html ) or similar cheap carPros:
-Cheap enough that if I dump a $1,000 for $250 scrap (worst case scenario) I can live with itCons:
-No idea where I would get plates/tags/insurance. I'm a resident of Florida (legally) with my "permanent residence" in Ohio. I could (in theory) use the address of an arena, but that seems ripe for issues.
-I really need a car that will be reliable, maintenance will be very hard as my home moves every week or so.
-Have to try to sell the car and deal with those hassles later3. Buy a nicer used car (10-20k) and hope that over 3 months I can just flip it and break even.Pros:
-Better car/reliableCons:
-Huge cash outlay
-Would want full coverage (more expensive)
-Big downside risk when I go to sell.
-Same plates/tags issue
-I assume sales tax could be more expensive than a cheap car (not sure of California tax laws)I'm trying to decide whether this is a wise idea at all or if I should just use cabs/buses and Uber (which I love and use to move performers around whenever I can) and if I spend $2,000 on cabs then it's a break even without all the hassles.Questions:
1. What am I overlooking?
2. Is there any California issues that are dealbreakers I'm not aware of?
3. What would be the best car to try and flip (including but not limited to Crown Vic)
4. Any California FWFers want to "rent" a Crown Vic to me for 3 months?
5. What (of these options) would have the lowest total cash outlay (net car cost + tax/title/license + insurance)
Should I double insured?
Added on : Sunday June 23rd 2013 06:00:08 AM
Hi, I am 48 yrs old, has a professional job and in good shape. Recently, I got layoff from a big company. I get offer to continue my health insurance with them as early retiree. It is costly but it is still cheaper than buying my own out there. I start a new job in a small company which does not have a very good health insurance as the big company. If I don't continue with the old company, once you are out, you cannot get back in. Also, the new company is not stable and don't know it is going to last. I am thinking about buying insurance for my family with new company but keeping myself with the old company so I can bring down the cost but continue to have it as my back up plan. Is it a right way? With the cost of medical, I afraid any major problem come up will wipe out all the saving.
Cat scratches neighbor's truck second time
Added on : Thursday June 20th 2013 05:00:11 AM
I have four remaining of eleven free-roaming cats that I had sterilized and vaccinated back in 2004 when my neighborhood had been overrun by such cats, in addition to having two non-spayed females inside. I don't wish to take any more cats indoors.Within the past couple of years, Patches who likes to climb trees, go up on the house and occasionally cars, scratched the hood of my neighbor's truck twice. The previous time, we went through my mom's homeowner's (She ones the house, though I live here alone, aside from the cats.) and the damage was ~650 but insurance went up by about $200 for three years, so it was basically a wash. This time, the damage seemed much less, but there was some, and same place, Service King gave a quote of over 800 but when we questioned it, he did get a quote from some independent shop of $675, but no credit cards. I agreed to get him a cashier's check by this afternoon.Question (under Texas law), if I write "Payment in Full", can he write "Under Protest" or other such words and still come back demanding more money? I recall from watching The People's Court that some states allow that and some don't, which (allowing it) Harvey Levin mentioned he didn't like because that write those laws to get people to settle cases and keep them out of court. I wasn't sure which category Texas fits into.Other issue is the cat is gone. I need to get him out of here before he gets the truck fixed. Anyone in DFW area know of a no-kill shelter that isn't at capacity that will take him?
USAA Home Insurance Or stick With Liberty Mutual
Added on : Thursday June 20th 2013 04:00:07 AM
Liberty Mutual has an increase in premium this year it breaks down like this
Dwelling coverage 224,600
Other structures 22,460
Personal property 168,450
Personal liability 300,000
Medical payments 1,000DEDUCTIBLE 500
PRICE per year is 1206USAA HOME INSRANCE BREAKDOWN:
Dwelling coverage 272,000
Other structure 27,200
Personal property 204,000
Personal liability 300,000
Medical payments 5,000DEDUCTIBLE 500
PRICE PER year 803.18I know USAA is cheaper for more coverage but I have not had a claim in ten years nor have I utilized USAA's Home insurance. So those I am wondering for you guys who have had or do have insurance through them, is this Good insurance for me.
MetroPCS is back with the $25 Unlimited Talk+Text promotion.
No data included. Perhaps good for elderly people or someone like me who are mostly connected to WiFi.$25 Unlimited Talk+TextBest part - MetroPCS currently has 2 phones Free after Mail-In-Rebate that can go with this $25 plan.
2 Free MIR PhonesYou may check the specs of those phones here,
Huawei Verge
Huawei Pinnacle 2Terms & Conditions for the $25 Unlimited Talk+Text plan
Limited time offer, while supplies last. Restrictions apply. Offer only valid with new activation of MetroPCS Samsung Freeform III, Huawei Pinnacle 2, Huawei M735 Blue, LG Beacon, Samsung Contour 2, LG Select, Kyocera Presto, and Huawei Verge handsets. $10 promotion fee on acceptance of offer. $25 per month service plan offer includes unlimited talk and text, voice mail, local and long distance calling, nationwide coverage, 3-way calling, caller ID and call waiting. MMS and other data services not included. Offer not available with other add-on features, other than MetroGUARD℠ insurance and the Picture Messaging (MMS) add-on service. Nationwide long distance only available to continental US and Puerto Rico. Nationwide coverage of over 280 million population based on 2011 Target Pro data. Any change in phone will forfeit this promotional service plan, and service will be charged at then available rates. Offer cannot be combined with any other offer. Offer not available for Family Plan discount or participation in Family Plan. No rain checks. Coverage and services not available everywhere. Rates, services and features subject to change. See store or metropcs.com for details and Terms and Conditions of Service. MetroPCS services for personal use only. MetroPCS-related brands and trademarks are the exclusive properties of MetroPCS. All other trademarks are the properties of their respective owners.MetroPCS - Mail-in Rebate Offer Terms & Conditions
Mail-in Rebate Offer: Rebate has no cash value. Limited time offer. New activations only. Purchase a qualifying MetroPCS feature phone and receive, with proper completion of redemption form, a MetroPCS Visa Prepaid Card. See store of metropcs.com for list of qualifying phones and rebate details. MetroPCS Visa Prepaid Card is issued by MetaBank , Member FDIC, pursuant to a license from Visa U.S.A. Inc. Cannot be combined with other rebate offers. Must be an active MetroPCS subscriber 35 days after activation of phone. Not all phones available on all rate plans. See associate for forms and rebate eligibility requirements. Certain restrictions apply. Sales tax not included and is collected in accordance with state and local laws. No rain checks. Certain restrictions apply. MetroPCS 4GLTE service available only in a MetroPCS 4GLTE coverage area. MetroPCS 4GLTE and CDMA coverage and services not available everywhere. Nationwide long distance available only to continental U.S. and Puerto Rico. Rates, services and features subject to change. Phone selection and availability may vary by store. Screen images are simulated and are subject to change. Not all features available on all service plans. MetroPCS features and services for personal use only. See store or metropcs.com for details, coverage maps, restrictions and Terms and Conditions of Service (including arbitration provision). MetroPCS-related brands, product names, company names, trademarks, service marks, and other intellectual property are the exclusive properties of T-Mobile USA,Inc. All other brands, product names, company names, trademarks, service marks, and other intellectual property are the properties of their respective owners. Copyright 2013 T-Mobile USA, Inc. $25 Talk and Text Plan: Limited time offer, while supplies last. Eligible phone availability may vary and is not guaranteed. A onetime $10 promotion fee charged on acceptance of offer. Offer only valid with new activation or reactivation of select phones. Android , 4G and BlackBerry phones not eligible. Offer includes unlimited talk, text, voicemail, long distance calling, nationwide coverage, 3-way calling, caller ID and call waiting. Data services not included. Picture messaging available as an Add-on feature. Offer not available with any other add-on features. Coverage and services not available everywhere. Nationwide long distance only available to continental U.S. and Puerto Rico. Phone changes forfeit promotional rate; thereafter service charged at non-promotional rates. Cannot be combined with other offers. Family Plan and Family Plan discount not available with Offer. No rain checks. Rates, services and features subject to change. MetroPCS services for personal use only. Network Management: Service may be slowed, suspended, terminated, or restricted for misuse, abnormal use, interference with our network or ability to provide quality service to other users, or significant roaming. See store or metropcs.com for details, coverage maps, restrictions and Terms and Conditions of Service (including arbitration provision). MetroPCS-related brands and trademarks are the exclusive properties T-Mobile USA, Inc. All other trademarks are the properties of their respective owners. Copyright 2013 T-Mobile USA, Inc.
Stuck owning a 3 family, but not upside-down. What to do?
Added on : Wednesday June 19th 2013 06:00:07 PM
Seeking to improve my financial position, I bought a three family home using an FHA Rehab loan while the $8000 tax credit incentive existed in 2009. I had essentially no non-retirement assets at the time and had to do this in a highly leveraged fashion, using a credit card 0% on purchases offer and the US Mint deal to establish a reserve suitable for the down payment. The house is in a slightly run down area of a northeast US city where vacancy rates are running around 9%.The house was bought in foreclosure for ~120k in 2009 using an FHA rehab loan, with ~195k total owed after closing costs and rehabilitation costs were rolled in. It is now a turnkey property with all new heating systems, renovated rooms, flooring, etc. At present, I live in one unit which has a likely market value of $1000 per month, and the other two units rent for a combined $1600 / month (which is probably slightly below market. It's realistic that I could get $1800 in total, but would need to find new tenants for one of the units to do this.) Unfortunately, there were cost overruns with the rehabilitation, which was a situation I was prepared for, which required me to spend an additional $15k out of pocket, for a total effective basis of around $210k in the house. In addition, I had some difficulty finding tenants initially, which led to me running up around $30k of debt juggled with 0% balance transfer offers, which I have since retired to around $9000. My employer has a generous match, and I didn't want to miss out on any of that, or my ability to contribute to a roth IRA each year, and preferred the debt at an effective cost of 3-4% APY.The present mortgage payment, including property tax and insurance escrows, MIP, etc is around $1700, so the house is close to cash-flow neutral (barring repairs and common utilities), despite the fact that I'm occupying it and using 35% of its value or so - Overall, it's been a reasonable investment, but I'm still in a very cash poor position.I have an opportunity and a locked in rate to refinance the property to a new conventional 30 year loan at 3.75%, contingent upon an appraisal that allows me to do so. Because it is a three family property, I can only find reasonable deals at 75% LTV which will require me to bring up to 15k to the table to close a refinance depending on how the appraisal comes in. In the event that I can close the refinance, I plan to remain in the home for at least one year (though probably no more than two), so I qualify for an owner occupied mortgage for the re-fi, though eventually I plan to leave the region of the country I am currently living in for personal reasons. This refinance would bring my monthly payment down to around $1200-1250, which makes things considerably more affordable from a cash flow perspective, even if I continue to reside in the home. Obviously, I don't have $15k, but I can obtain it via a 401k loan with ease, and pay that off using credit card balance transfers, though I'm hesitant to carry significant sums of revolving debt. I am not aware of affordable HEL or HELOC products for this type of property at the LTV I'm talking about.Unfortunately, my job is not particularly highly paying relative to regional cost of living, and I don't have a lot of mobility at the moment with my current employer. In addition, it has become somewhat insecure lately, and I've become relatively burnt out on the industry and job function which I find under-challenging on a good day. In the event I were to lose my job, I would likely leave this region of the country almost immediately, and either sell the home or turn it into a straight rental property. The sale might end up being at significant loss when considering realtor fees and the relative illiquidity of homes that are "over-improved" for market conditions, (I feel that I'd have to hang onto the home for a long time to get the right price, or quick-sell it for around $200k), it would seem to be a more prudent option to be an absentee landlord and find a property manager in this eventuality. I don't feel particularly well suited to being a landlord, though I've done alright so far, I suppose, and though my overall net worth is pretty good compared to the income I've had, I feel as though I'm in a bit of a bind.What would FWF suggest that I do to maximize my long term financial health and peace of mind? Thanks in advance for any help or suggestions offered.
Stats:
Age: 29 Single, no kids, no plans for kids, reasonably good healthIncome: ~$50k / yr gross, excluding the rental.Property:$200k assessment, probably $225k zestimate, probably worth $230-240k due to higher than standard level of interior improvements
$180k - Mortgage at 5.75% + FHA MIP for one more year, 26 years remainingAssets: $85k 401k, fully vested, about half roth and half traditional
$60k Roth IRA of which 24k are contributions
$10k HSA
~$3k mid 2000s sedan paid in fullLiquid Assets:$7k in the bankDebts:$9k - 0% BT Through June 2014 (debt is related to renovation of the home, and was about 10k higher 2 years ago)FICO around 780, approx ~$120k in available credit across several CC issuers, regular 0% promotions, though mostly with a 3-5% transfer fee.
(BTW, this is not an alt account, I have lurked here for a long time, maybe almost 10 years, and have gained a lot from the community, and though I haven't had an opportunity to register or contribute as of yet, the techniques here have allowed me to help friends and family and make a positive impact on the world in general, so thank you all).
Life Settlements Coming Back To The Table
Added on : Tuesday June 18th 2013 08:00:10 AM
As a followup to this prior thread.
Texas Puts Life Insurance Trading Back on the Map6/18/2013(Reuters) - Texas may have just put a modest trading business back on Wall Street's map. The Lone Star state has passed a law that allows Medicaid officials to encourage people to sell life insurance policies to pay for long-term care. Others may soon follow. Individuals get money early, and governments can save on medical costs.California, Florida, Kentucky, Louisiana, Maine, New Jersey and New York are considering similar proposals.
Opinions Please: How Do You Feel Life Insurance For Kids?
Added on : Sunday June 16th 2013 04:00:04 PM
Do you have life insurance for your kids or did you think about insuring them?My wife and I are researching it and trying to decide if it's something worth doing.
Citi's Payment Safeguard?
Added on : Friday June 14th 2013 09:00:08 PM
I have a Citi credit card.First, allow me to declare that I have never enrolled in the Citi's "Payment Safeguard" program. This is like buying insurance so that if bad things happen in the future, there will be some kind of balance forgiveness, etc...I received an email indicating that I had enrolled in the Payment Safeguard. I replied to the email clarifying that I have never enrolled and requested cancellation. But the email bounced back because that email address will not accept reply.Later I received a letter indicating the same thing. But then I called after 8pm and found that I can only call during Monday-Friday 8am-8pm. Furthermore, there is an "Acknowledgement of Membership" form which I was expected to complete and sign then mail back to "certify" or basically confirming that I have enrolled... But then, it also says that if I do not send the form back, I will still "remain enrolled" in the Payment Safeguard until I cancel.I also log into my account online, send them a message and this also gives error so I cannot even send them a message online.1. How did I even get myself enrolled in something that I have never even heard of in the first place?
2. Why is it so difficult to just cancel it?
3. If I will still remain enrolled in the Payment Safeguard whether I complete and sign the "Acknowledgement of Membership" form or not, what difference will it make if I complete and sign the form then mail it back or not?
4. I find this whole thing unacceptable on so many levels. Will something like this ever happen again in the future?
5. I called the number at the back of my card and they cannot do anything for me so I must now wait until Monday to call the "Payment Safeguard Processing Center" just to cancel something that I have never enrolled in. Has anyone ever had a similar experience?
Double Insurance through Delta Dental?
Added on : Friday June 14th 2013 03:00:06 PM
So, I have my job that can easily support my family comfortably and I have dental insurance and a flexible spending account. Based on my coverage, orthodontia for one of my children will more than deplete my maximum FSA contribution ($2500, thanks for limiting that ObamaCare). Anyhow, my wife just graduated from her nursing program and passed her licensing exam. She accepted a job today without really listening to my (I was particular concerned about tuition reimbursement because she still wants to finish her BS and maybe to an MS)... anyhow, they have dental coverage and it covers orthodontia at 100%. My plan and her plan are both through Delta Dental. Anyhow have any experience with this? We were already planning on fitting one kid with braces this year and maxed out the FSA (although we have used about $500 already between co-pays for visits and prescriptions), but we have two kids that could get braces right now, so if we can do the double coverage, we could just get both knocked out this year... We may miss out on some of our FSA contributions, but we could drop the double coverage next year and not have to contribute as much to the FSA as we had planned on maxing it out again.I have had double medical insurance before and it worked out really well because we were heavy consumers of medical services while my wife was ill (big ordeal that is over now), but we had different providers.Thanks in advance.
Need help with a 5 year plan to retire
Added on : Thursday June 13th 2013 10:00:12 AM
Hi everyone,Ive been a lurker on here for a few months and I have to say Im a big fan. Ive learned some awesome tips and tricks, especially love the one on cc churning. I know there are some smart folks on this forum and Id like to see if guys might have any ideas on how I might be able to pull off retiring in 5 years. I found the Mr. Money Moustache blog about a month ago and the whole philosophy about saving to retire early clicked with me instantly. My husband and I have started making some aggressive moves to start saving more and our goal is to retire in the next 5 years. We've always been pretty frugal but I know we need to take our saving and investing plan to a new level if we really want to make this happen. I'd like to disclose our current financials to get some suggestions on how we might improve.We are both 31 years old.
No kids but would like to have two in the near future.
Current salaries - $190k combined
We own 2 properties:
Apt #1- value of $250k with $140k left on 10 yr mortgage (currently renting out for $2300). Cash flow of $600 per month.
Apt #2 - value of $ 600k with $450k left on 30 yr mortgage (currently renting out for $3350) . Cash flow of $350 per month
We live in an expensive city, so it's hard to get the 1% rule
We are renting an apt. for $1800 per month.We have a retirement stash of IRAs and 401ks that are about $280k. It's a mix of mutual funds, index funds, and individual stocks. We're currently maxing out contributions to 401k and iras.We have about $60k in cash right now. We're thinking of buying another property with it or would like to put it to good use. Let me know if you have any suggestions.In terms of monthly expenses:
Car payment is $319 (3 years left but its at 0%)
Gas $100 (just switched to a job 3 miles away and hubby works at home. Don't think I can bike.. Too dangerous)
Restaurants $300 (will be hard to decrease this. Eating out is a hobby for us)
Groceries $200
Phone $50 (another year to go on my contract)
Internet $50
Pet insurance $35
Utilities $125
Misc shopping $100 (we haven't used this expense in a while but I think it's a fair guesstimate for things like clothes, shampoo, and other random things)I think we need about $1 to $1.5 million to retire. Ideally, we would not have to work part-time after we retire. I think given our expenses we need at least $50-$60K per year in passive income to live comfortably.
Do you guys think we'll have enough in 5 years given the above summary and is there anywhere we can optimize? All ideas are welcome! We're especially looking for some ideas on how to invest better and how to generate more passive income. Thanks in advance!
Life insurance rescissions before and after death
Added on : Thursday June 13th 2013 07:00:13 AM
I know that there have been previous discussions of life insurance rescissions taking place after the death of the insured, which were sparked by this '10 LA Times article. Interestingly, I just came across this post made by an insurance agent discussing a situation where an insurance company rescinded a policy during the 2 year rescission period even though the insured was still alive. One of the reasons that I found this interesting is because the insurance company here apparently continued the verify the accuracy of the insured's statements way after the policy was issued but before the claim was made. I realize that this particular situation wouldn't happen with most other insurance companies, as they require up front paramedic exams, so they check your heights and weight at that point, but am curious whether all life insurance companies essentially continue to review your records even after the policy is issued but before the claim is made.I don't really care either way, as my life insurance application was completely accurate, but I did find the practice described above rather interesting. I guess I should be in favor of it, as reducing fraudulent claims should also allow companies to offer more competitively priced policies in the future, but I'm sure that quite a few people might worry that insurance companies may be looking for ways to get rid of policies that they believe will end up being unprofitable and are using additional post-issuance underwriting to do so. Have any of you come across anything like that?
Free Kindle Books: June 13, 2013
Added on : Thursday June 13th 2013 03:00:08 AM
Insure Your Car for Less: A Practical Guide to Saving Money on Automobile Insurance [Kindle Edition] FREE @ Amazon. Please take a look!
http://www.amazon.com/dp/B00BV03ME4Insure Your Car for Less is a must read for anybody who wants to save money on their car insurance. The creator behind this book, David Goldstein, is a veteran of the insurance industry. He has worked as an insurance agent and adjuster for two of the largest insurance companies in the country, and now helps injured people take on the insurance companies at a successful law firm specializing in motor vehicle accidents.In Insure Your Car for Less, David focuses on how to save money when applying for an auto insurance policy, and presents unique information that has rarely been discussed before. He explains the guidelines that insurers use to underwrite the policy, and offers helpful hints on how to improve your own standing within these guidelines to save money. This book is written in a practical, no-nonsense way, and gives real life examples of how people have used his knowledge of insurance practices to save hundreds to thousands of dollars on their automobile insurance rates.
The US Federal Reserve has tethered the Quantitative Easing measures to the recovery in job markets. If the jobless claims indicate a climb in the insurance filings, USD may trade down creating uptrend in gold and silver.The 'watch out time' is between 6.30 PM and 7.00 PM IST on Thursday if you are an investor in gold, silver, crude oil and base metals like copper on India's MCX. The futures would be moved by the following data releases from the other side of Atlantic for the day.US Core retail sales (y/y) and retail sales (m/m)Also known as pace indicator of the economy, core retail sales provide definitive indications on consumer spending in US, the biggest economy in the world. It measures the difference in the total value of sales at the retail level in US excluding automobiles.Core retail sales previous: -0.2%
Core retail sales forecast: 0.3%Meanwhile retail sales provide inflation adjusted sales at the retail level in US which also include automobile sales. This time around, with cheap loans available, Americans seem to have bought more number of cars. If that be the case, the retail sales data may effect positive sentiments in Dollar thereby pulling down gold and helping base metals to trade up.Retail sales previous: 0.1%
Core retail sales forecast: 0.4%US Initial jobless claimsInitital jobless claims measure the number of applicants for insurance claims for the first time in last week.Forecast:345K
Previous:346KThe US economy added 175000 jobs in May compared to just 149000 in April.US unemployment rate has climbed to 7.6% and private nonfarm pay rolls expanded just by 178000 compared to the forecast of 180000 in May.The US Federal Reserve has tethered the Quantitative Easing measures to the recovery in job markets. If the jobless claims indicate a climb in the insurance filings, USD may trade down creating uptrend in gold and silver.
the 1% rule...where does this come from?
Added on : Monday June 10th 2013 07:00:09 PM
People always quote the 1% rule on rental real estate here: the property should generate 1% of the PP every month in income. That is to say a 200k house should generate 2k in income per month. Now, a 200k mortgage is roughly 1k a month with taxes and insurance. Are properties like this widely available?Is there some mathematical logic behind this idiom? Shouldn't the logic be, "I should buy this investment property if I can pay mortgage + taxes + insurance + some amount for repairs" and still pocket cash with the income from this property?TIA -Bryan
Dispute Flood Insurance?
Added on : Friday June 07th 2013 02:00:06 AM
I just refinanced a home loan on a rental property in ohio. I have a great rate and the payment is rather low so I'm happy with that. However, the home is in a flood zone which seems ridiculous to me. According to the insurance company, flood insurance is based on zones that were established 100 years ago. Normally I don't have much issue with insurances but the fact that I HAVE to get flood insurance when I don't think it needs flood insurance irritates me. To make matters worse it's $80of the $600 total monthly payment - that's 13%!So my question is...is there anyway to dispute flood insurance? I've always just accepted it as something I'm stuck with but maybe there's something I can do, or at least get the amount down?Thanks FWF!
Hello everyone! I'm looking for some advice and guidance on a variety of issues. I'll try to make a long story short:I live in the state of Tennessee. I have a BS and an MBA. I lost my job in January and filed for unemployment. In March, the employer appealed my unemployment benefits stating that missing quota was considered "misconduct" and therefore disqualifies me from receiving benefits. In April, I attended a telephone hearing with the unemployment agency and surprisingly, the state went in favor of the employer, revoking my unemployment benefits and stating that I owe back everything I had recived up until that point. I've appealed to the next level without legal representation (due to cost) and am still awaiting a decision (should find out something on June 14).In the meantime, I purchased a private health insurance policy through Humana with a high deductible because I am a 29 year old healthy individual. I wanted something for a catastrophic event...and right on par with my luck, I had a case of "food poisoning" in February. My insurance did not take effect until March 1 so I went to Walgreen's Take Care Clinic instead of the ER. I had to pay 100% out of pocket for everything including Zofran and Promethazine. In the middle of April, I had the exact same sickness take over, uncontrollable vomiting for hours, abdominal pain on the right side. I went to the ER and was told I need to see a Gastro doc for a potentially bad gallbladder. Of course, I ended up with bills totaling almost $2,000 that I'm working on paying. Last week, I saw the gastro who ordered several tests that I'm having in the morning (HIDA scan and upper GI series). The hospital called today to get paperwork started and warned me of the cost because of my high deductible insurance plan. I should expect well over $1,000 for tomorrow's tests and at this point I don't know what to expect of the outcome, surgery, medication, dietary changes, etc. Whatever it is, I'm sure it'll cost a small fortune.Lastly, I am starting law school this fall. Thankfully, I've received a 75% academic scholarship but still will owe about $7,500 per year. As I'm sure you know, Stafford Loans (6.8% interest accruing while enrolled) and Grad Plus loans (7.9% interest) are ridiculous. I am a homeowner and have thought about a home equity or personal loan instead. I would love to just pay cash but I'm slowly running out of money at the rate I'm going with health issues. In order to receive the scholarship, I have to sign a waiver that I will not be employed within the 1st year of school and a maximum of 20 hours for the 2nd and 3rd year. So I also have to be concered about living expenses with no income for over 12 months.If anybody has any recommendations on how to handle any or all of these issues, I would greatly appreciate the advice!
Game of Thrones Life Size Replica only $25,200.00 after FW cashback!
Added on : Thursday June 06th 2013 02:00:03 PM
Didn't see this posted, sorry if I missed it.hbo store is offering a life size replica of the Iron Throne as seen in "Game of Thrones" for $30,000.00 and $1800 shipping.Use 20% off coupon code HBOCOLLEGE to shave $6,000 off, making the price only $24,000. Don't forget the 2.5% FW Cash Back,which should be about $600.00The final price should be $25,200 + sales tax.HBO StoreDimensions: Height: 7'2", Depth: 5'11", Width: 5'5"
Made Of: Hand finished, hand painted fiberglass throne. Fire rated resin.
Weight: 350 poundsThe Game of Thrones Iron Throne is unlike anything you've ever seen before. This custom chair is designed to mimic the seat of kings in the Seven Kingdoms. On the show, the Iron Throne was constructed by Aegon I Targaryen, the first king of the Seven Kingdoms. He made it from the swords surrendered by his enemies. Legend has it, it's made of a thousand swords that took 59 days to hammer out into a throne. Spikes and jagged edges in every direction make this one very intimidating lounge. Our version is constructed of hand-finished, hand-painted fiberglass and fire-proof resin that's been twisted and turned to re-create the Game of Thrones design. Now's your chance to own this very special custom-made piece of furniture that, by all appearances, is more closely related to art. Extra large in size, it measures over 7' in height, close to 6' in depth and 5.5' in width. Calling it "impressive" is an understatement.ADDITIONAL DETAILS:Surcharge includes ground shipping, insurance and white glove service delivery to your home. The Game of Thrones, "Throne" is custom produced and will be available for shipping within 6-8 weeks of your order being processed and upon a successful authorization of funds. The hbo store will hold your order for up to 48 hours, after this period the order will begin processing. Unfortunately, NO cancellation requests will be accepted after this period and sales are FINAL as this is a custom piece. The item weighs 350 lbs and is delivered in a wooden crate (dimensions of the crate are 74L x 65W x 93H). HBO Shop Customer Service Agents will contact you upon confirmation of your order to arrange a time and place of delivery. For any question or concerns please contact hboshop@custhelp.com or call us at 1-866-316-4814.
HBO Store Coupons
Life insurance help
Added on : Wednesday June 05th 2013 10:00:06 AM
Looking to get term life insurance for myself and mrs. Both of us are 34 years old, non smokers, good health etc preferred plus? rating. Have one kid 2 years of age, might have another.First regarding insurance need. Both of us work and have high income within 5% of each other (varies based on RSUs/bonus but fairly similar) . So decided that we need to have life insurance for the same amount for both of us. Current net worth is roughly 25% in home equity, 25% taxable brokerage/bank accounts, 50% in pre tax (401k, IRA) . How do I account for the pretax accounts in calculating the insurance need? If one of us were to die to tomorrow, with one person working (scaling back the number of hours) I estimate the need to be about 1.2 million using bankrate.com calculator. Also my simple calculation seems to agree. 1.2 mill will cover for kid's expenses including college with sufficient cushion, mortgage debt, property taxes for 20 years. I have assumed that the other person will work and save for retirement independently (doable since the house will be fully paid for + already have some assets). Also I am thinking 20 years should be enough although we can easily afford premium for 30 years. Only consideration is that if we have another kid later down the line.
Looked at term4sale and contacted couple of agents from there.Since we have some group coverage through our employers decided to get a quote for 1 million coverage. One agent gave me a quote with banner life for 20 years, premium is 40.xx for me and 38.xx for my wife and 30 years is 71.xx for me and 61.xx for my wife. These are monthly premiums. Do these look reasonable? Should I get more quotes? I have already delayed this and want to do it asap.Thanks in advance,
Insurance Credit Report
Added on : Tuesday June 04th 2013 06:00:05 AM
I just had an interesting situation when I went to renew my auto insurance with Progressive. I received the renewal papers and noticed a large increase in the premium. I also found a notice that they had increased my premium because of information on my credit report through Experian and they couldn't give me the best rate. I got my credit report from Experian which is perfect, with no negative items and a credit score of 829 out of 850. I called Progressive's credit rating department and he told me that since I had purchased a new car within the last year my rate had increased 14% or $244. He said that people with new cars had a higher claim rate for the first year even though I paid for the car in cash. I have been insured with Progressive since 1998 with no claims, no tickets or accidents so I was astounded. I tried to talk to a supervisor but they never called back. Long story short, I got a quote from Geico for the same coverage which was much less with no uprate and cancelled my policy with Progressive. I can't understand why they are running off long time customers like that.
Homeowners Insurance - Premium increases and shopping around
Added on : Monday June 03rd 2013 02:00:08 PM
For the second year in a row my homeowners insurance premium has jumped 20%+ despite not having any claims or changesI currently have Liberty Mutual through Geico; I called to inquire about the large increase this year and was told the bulk of the increase, 10.6% of it, could be directly attributed to state mandated rate changes. I was told that everyone in the state this year would see their policies go up 10.6%. I further inquired about this state mandated increase and was told I would need to contact my state legislative department for details. The other 10% of the increase this year was due to my house being 11years old and losing deductions for, new house and new roof.First question: Is there a such thing as state mandated increase, I live in Colorado and couldn't find anything Colorado specific with a few Google searches.Next I started looking around and getting other insurance quotes and have found the process daunting. First off the quotes are all over the place, some thousands of dollars apart. Secondly once I think I found a lower quote I have on more then one occassion called in to sure things up only to find the quote was a teaser and changed dramatically once you provide additional info. Thirdly I am now spammed multiple times a day by various companies who I did online quotes with, I receive calls from a multitude of agents, many times several different ones from the same company. I have talked to a few of the agents, but have found their services gimmicky, trying to upsell or switch my other insurance products, etc..I am now at the point where I feel compelled to just suck it up and take the absurd yearly rate hikes as the amount of time I am having to expell in the process is overtaking any savings. I feel however there must be a better way? Does anyone have suggestions on how to shop homeowner insurance, without having to spend loads of time refilling out you personal info, without getting a quote that you really can't get, without being spammed by the company?I should mention I started by searching the forums here and found another thread that suggested searching State premium comparisons, i.e.
http://www.dora.state.co.us/pls/real/Ins_Survey_Reports.Process_...This looked promising, however after randomly getting a few quotes I decided the data on the page is garbage as reality is no where close to what they report and even fails as a tool for comparison in prices.Lastly I see lots of people like AAA or USAA; I found AAA/Travlers to be about $1000 more than what I pay now and I don't qualify for USAA.Any suggestions from others on how to best shop around?
Help with Term Life Insurance Laddering Strategies
Added on : Sunday June 02nd 2013 05:00:05 AM
FWF, I'm recently married and it's time for us to buy life insuranceAbout us:
- We're both 30 years old
- No kids (yet)
- Neither of us have health issues
- Each of us have 6 digits salaries and our liquid savings are more than 50% of combined gross pay
- Student loans will be paid off this year - then debt free
- We can comfortably afford all of the life insurance premiums we've been looking forGoals for Life Insurance:
- Buy long-term insurance while we're still young and healthy and premiums are low!
- Buy matching policy amounts for both myself and my wife
- Ladder (2) to (3) term life insurance policies over differencing maturities
- Prefer to have different LifeCo's for each ladder and that they are publicly traded/very large LifeCo's with at least name recognition
- Willing to pay premium to avoid risks mentioned abovePolicy Amount:
- Expect to increase savings materially
- Policies are approximately 10-20x current salary, but future wage growth is promising
- Determined premiums by backwards calculating annuity/investments rate payments for future living expenses
- Flexible on different strategies other than outlined below
- Work provided life insurance is 1x salary that we don't pay forPricing is from term4sale.com (Thanks SIS!)Current Strategy
Purchase (1) 20-year term life policy with $1.5M policy for each of us, takes us through age 50
Purchase (1) 35-year term life policy with $1.5M policy for each of us, takes us through age 65
Total Coverage for each of us: $3M each for first 20 years, then $1.5M policy for the last 15
Annual Costs combined: $3,580/year for the first 20 years and then $2,390 for the last 15 yearsDoes this sound like a reasonable plan? What am I missing? Where may I make a mistake?
credit card charge back problems
Added on : Saturday June 01st 2013 08:00:04 AM
my wife had overpaid (with cc) a dentist for insurance dental work & when she could not get the dental office to refund for overpayment (check was always in the mail) she called credit card company. the told her they would mail her a claim form & to return it to start charge back process. after couple of weeks she called credit card company several times to inquire about missing forms. they finally gave her a claims number over the phone. but no forms were ever received. she went to our bank & the bank called credit card company but never got any forms sent.
finally wife gets letter on bank letterhead , sent by credit card employee, saying charge back was dropped because no formal written claim. she called bank, they tried to contact cc company without getting to anyone who could do much.
wife called cc company, & asked for address to send a letter spelling out her claim info, was told company could not tell her the address?????, finally got to talk to manager who assured her (over the phone) not in writing that the charge back would be initiated.
And now we continue to wait & hope that this verbal promise will be kept. still never have received any paperwork, but get a monthly cc statement each month.
Roadside assistance claim and insurance premiums?
Added on : Friday May 31st 2013 10:00:02 PM
I have auto insurance through USAA, which includes the "Towing & Labor" option selected (which I have never used). Yesterday though, I locked my keys in my car. Upon realizing that this was covered by the USAA roadside coverage, I called them up, they promptly dispatched someone to unlock my car, and I was out of there much quicker than expected!Anyway...are roadside assistance claims likely to affect my insurance premiums? On USAA's website it shows up like any other claim ("Towing and labor Loss"). I'm almost certain there's no deductible that applies to this. If I had this service through AAA or some other company/organization, I would think (or at least hope) my assistance calls aren't shared with insurers, and therefore it would not affect my rates. But in this case, the insurer does know. Does this count like a regular "claim" with the insurer, and might it give me trouble if I look at switching insurers in the near future? (And FWIW: i've never made any claims, and my last traffic ticket was over 5 years ago. On the other hand, i'm a mid-20s male, and auto insurance in my city is expensive as it is.)Is it best to avoid roadside assistance through insurers for these or any other reasons? In any case, I'll probably look at other alternatives for roadside assistance aside from USAA.Thanks all.
Free book - Individual Health Insurance For Dummies
Added on : Thursday May 30th 2013 04:00:06 PM
http://guide.ehealthinsurance.com/The information you provide on this page will only be used to send you the requested copy of the Individual Health Insurance For Dummies book.
Speeding Ticket, PBJ or Pay?
Added on : Thursday May 30th 2013 03:00:10 AM
Hi all, After years, I finally got a speeding ticket in someone else's car for 76 on 55 limit road. The officer marked it down to 60. I have the option of paying the ticket by mail and not go to court. I called DMV and they said since it is my first ticket and I was charged for 5 miles over speed limit, no points will added to my driving record but they will add payment of the fine.I have the chance to plea no contest for probation before judgment but it is totally on judges discretion to give me the PBJ deal. I was told by officer if I go to court I will be fighting 76 and not 50. My question is since i will not be fighting and just plea no contest for PBJ, what are the odds of the judge denying PBJ and charge me for 76? (in that case i will have to pay the fine and get the points) or the judge will charge me for 60 if he denies PBJ? Anyone has any experience with this? I was fined 80 bucks and I can pay it but since it is going on my record I am wondering about its effect on my insurance and odds of getting a ticket if stopped by a cop in future. Thanks!
Chevron/7-11 Gas Mishap (On & IN car)
Added on : Wednesday May 29th 2013 12:00:06 PM
Girlfriend pulls up to pump to fill up her tank (which she has done hundreds of times). Puts her CC in and selects the gas she wants. Lifts nozzle (not by handle) and gas starts spraying everywhere in her excitement gas gets in her rolled down back window and all over her car. 2 gentlemen (they left after they helped so I can't use them as witnesses) run over and help her unclick the handle. 7-11 Employee says the manager will not be in until tomorrow morning and he can't help with the situation at all. Proceeds to give her the 7-11's public phone number and asks her to call back in the morning when manager is around.I arrive, I let the employee know we think the pump was faulty or someone had tampered with the pump prior to us using it and we would like the car placed back in the state it was prior to this accident. As expected 7-11 employee says people spill gas all the time and he cannot and will not help us any further than to give us the phone number of the manager. I called the police to check and see if there was any way I could get a police report made to use as evidence or something (excuse me as I'm really new at taking care of situations like this) and they explained since it wasn't malicious that they couldn't send a car. I didn't argue that and moved on.I've sent the girlfriend directly to the dealership to have them do whatever they need to do to make sure the gas doesn't damage the outside of the car or the leather interior, also asked her to obtain a receipt. I believe my best option from this point forward is to call the manager and let them know the situation and ask them to cover the total amount of the dealership receipt. (I would have been open to have the manager's opinion on a better way to remedy this if he had been available on site) but since he wasn't I didn't want to let the gas soak into the paint (I don't even know how exactly gas damages paint? or into the leather as it really stinks in the car now)I'm looking for advice on how to proceed?What if the manager tells me to kick rocks? Am I missing anything? Should I contact my car insurance?Thanks in advance!
Health insurance after graduation
Added on : Tuesday May 28th 2013 08:00:14 PM
Hey guys, I am a new college graduate, and I need health insurance for the next year as I look for a job. I am totally lost, and don't know where to start. Can someone point me in the right direction? Where can I start my search?
Strategies for Managing Short-Term Business Capital
Added on : Tuesday May 28th 2013 09:00:07 AM
Hey FWF,Based on progress my startup (read this and this if you're curious) has made this past year, we've been able to raise an additional few million dollars in funding. This will sustain our company for at least another 24 months if not substantially longer depending on how fast we scale. So far, our cash has been sitting in a savings account yielding about 0.2% a year. Does anyone here have experience managing short-term cash for businesses? What are some of the things I should look out for?The current interest rate we're getting is very low. At the very least, I'd thought about moving our cash to Everbank, which is yielding 0.76% (vs. 0.2%). Are there any other options given our timeline?How important is it that we're clearly over the FDIC limits on our accounts? What are some ways to mitigate this? Do we simply diversify our cash amongst various banks? Is there some sort of deposit insurance we should consider buying?Thanks!
My vehicle was damaged by an employee of a company while he was trying to load a large toolbox into the back of it.
The mast of the forklift he was driving hit the edge of my rear liftgate and damaged it. This was on their property. This is a large company, so I figured they'd handle this properly, but now I'm not so sure. They've been giving me the run-around for about a month now. Is it my responsibility to contact my insurance and have my premiums potentially rise, or should they be fully liable for the repair cost?Thanks in advance.
Buying and selling a used car on craigslist in California
Added on : Saturday May 25th 2013 07:00:09 AM
Several questions regarding a transaction over craigslist.Buying and selling cars on craigslist (private parties) is always considered "as is".Does this mean, we dont have to worry about writing up a contract? If I were to buy a car, lets say a $20k car on craigslist and the owner puts the selling cost on the title at $15k lets say. My understanding is I will be taxed on the $15k but If I were to get in a car accident, would my insurance company see what I paid for it or just the value of the car per Kellys Blue Book value?
Near Free Electric Vehicle Lease?
Added on : Friday May 24th 2013 01:00:07 PM
ABC LinkThis is a new article published on ABC. The program itself has existed for over a year. But car makers haven't really been pushing EV models until recently. According to the article and some research done myself, you can actually lease a EV for free, or at least almost free after tax and insurance.The best deal I could find was Ford Focus EV, currently on lease for $360/mo for 24mo and $929 due at signing. So 360x36+929=$9569. Or if you really like the car, you can do $284 for 36mo, which comes up to $11153.To find out incentive programs in your state, you can check out teslamotor.com. It offers pretty comprehensive information.One thing to note, your tax liability must be more than the credit to take full advantage, otherwise your credit caps at your total tax liability.
car rear ended and fled, insurance question
Added on : Wednesday May 22nd 2013 03:00:09 PM
Sorry this is not related to finance, but i thought i'd ask a question as am new to this. I got rear ended couple of hours back and the lady who hit fled. Filed police report and now insurance says they will pay from collision, is that right? its a brand new car and i have $500 collision deductible, am really upset that it had happened.
Haven't had a Tree Branch Fall Thread in a while
Added on : Tuesday May 21st 2013 11:00:05 AM
Hopefully this is a bit of an olive branch of reiterating the "general principle" of who is supposed to pay for damage in this situation given the stuff in the Midwest the last few days and given the time of year, plus a little twist that I guess I have.Had some bad storms here yesterday morning (Missouri, not the Oklahoma stuff) and a big maple tree on my rental lost a bunch of huge branches which somehow managed to all end up in the neighbor's yard doing the following:1. Smashed a fence that I'm pretty sure is mine;
2. tore down a wire running from his house to his carport for electricity at the car port (luckily the wire running power to his house was on the north side of his property and didn't get hit); and
3. has basically filled his yard with more branches than I previously could have imagined.My understanding from doing some research (including searching through all the old "tree fell" threads here on FWF) is that if it was a "healthy tree" generally defined as "the neighbor never hired an arborist to send you a letter that your tree is dying and a danger to his property" and it goes down in a storm, then the neighbor where it landed needs to have his homeowner's insurance pay for it. Obviously the pragmatic side of it has always been that coming to some kind of compromise makes for good neighbors.Fortunately, while this situation sucks, we got a little "lucky" in that those three things are the only damage -- falling a little to the west would have crushed an above-ground swimming pool and/or his deck and a little to the East would have crushed his car port (and been frown town for the car in the car port). I tried to explain this to the neighbor and told him that I'd have a guy come and look at the branches, since I'd want to have the breaks from the tree cleaned up so the tree doesn't die anyway. Instead this guy called HIS insurance company and (not surprisingly) they said they'd fix it and bill me.The houses are in the City of St. Louis which has giant dumpsters in the alley for yard waste and branches (and lets you drag this stuff to the street for pickup after storms like this). I kept trying to explain to him that I'd be willing to pay for a tree guy to come out and chop up the branches (and fix my tree, since I think that climbing in my tree is probably the lion's share of that cost anyway) if he would take care of re-wiring this wire out to his car port (I don't want to pay an electrician for it, especially since I'm pretty sure that "run wire out your window to your car port" is probably not up to code) and if he would take care of smashing the limbs into the dumpsters and/or dragging them to the street.However, obviously neighbors never want to pay anything when this happens (I don't know that I blame him for that, since it seems weird that this would be his responsibility) and given that his is hispanic and doesn't really speak english, no matter what I say I just get "You Pay" from him. His wife and brother don't speak english very well, either, and while his oldest son speaks English very well, he is like 9 or 10 and so trying to explain this to him to translate is not working (he may be younger, I'm horrible with estimating age).At this point, I'm gassed and pissed off -- just full of hate -- I hate this house (it's a constant money sink), I hate this city, I hate this neighbor, and I'm tired of dealing with this. I could probably get this whole thing cleaned up for right around my $1K deductible, so it seems stupid to make a claim, but on the other hand, if the insurance company would handle MY damage (the fence and cleaning up the tree) along with dealing with my neighbor, so I can stop dealing with this, then it's worth well more than the $1K deductible, IMO.So, the question, I guess, is what do insurance carriers typically do here? I tried calling mine and the guy just kept asking if I wanted to make a claim, and I kept asking "If I make a claim for this, will my damage and my neighbors issues be handled as one claim with one deductible?" and he kept saying "do you want to make a claim and find out?" Seems like a fairly easy question, but I cannot tell for sure and would like some advice from any of you that may have dealt with this before.
Help! Should I buy this investment property?
Added on : Tuesday May 21st 2013 09:00:10 AM
Hi my fellow FWers: I am in search of investment properties. The bank has approved the shortsale. I need to decide whether this is a good investment option. I need to pay previous owner deliquent HOA and spend money repair and repaint. Below is the property cost & info. Property location: California, 94806
Purchase price $260,000
Appraisal Value $260,000
Zillow value $271,000Loan Amount $208,000
Down Payment(20%) $52,000Closing Cost: $4,000
pay delinquent HOA: $4,200
1-time Repair & Paint:$7,000Sum of down pay plus above cost: $67,200I will rent out the property. Monthly Income and expense breakdown:Potential Rent: $1,900Mortgage @4.25% $1,023
Taxes (2.1%) $498
Insurance: $65
HOA Fee: $100
Waste Mgmt: $35Total monthly cost: $1,721
Cash flow(Rent minus cost) $174I plan to collect rent for a period. And when the house value increase to a certain amount, I will sell it to make profit. In case of tenant vacancy, I have $10K saving set aside to cover expense.Can my fellow FWers advise whether this is a good investment decision?
Hello,I recently read a couple of threads about VUL here and the general consensus seems to be that the AICPA GVUL is my best bet for a life insurance. A bit of background about myself: 24 years old CPA, employed at a Big 4 accounting firm (AICPA fees paid by work). I am currently paying ~$17 post-tax a month for ~$700,000 supplemental life insurance coverage through work. I took a look at the prospectus for AICPA's GVUL and surprisingly, the rate for $700,000 is only ~$19 a month (only $2 more).The one aspect which really intrigued me is the so called "The Fixed Account." From the prospectus: "You may invest all or part of your Certificate Fund in the Fixed Account. The part of the Certificate Fund that you invest in the Fixed Account will accrue interest daily at a rate that Prudential declares periodically. This rate will not be less than an effective annual rate of 4%. Prudential may in its sole discretion declare a higher rate, though we are not obligated to do so."I also took a look at the "Fees" section but the only fees which seemed to be applicable if I was to go all in the fixed option is the Withdrawal Fee of $10 or 2% (max $20). There are no administrative charges or whatsoever.The prospectus is located here: http://www.cpai.com/pdfs/20120730_AICPA_2009_GL_2012_106_%28web%...The question: I am thinking to get a $1 million policy and stuff ~$30k there and let it sit earning 4% tax deferred annually. Am I missing something?Thanks for the help.EDIT:
Clarified potential benefits in the title.Fixed policy limit according to:
http://www.law.cornell.edu/uscode/text/26/7702b) Cash value accumulation test for subsection (a)(1)
(1) In general
A contract meets the cash value accumulation test of this subsection if, by the terms of the contract, the cash surrender value of such contract may not at any time exceed the net single premium which would have to be paid at such time to fund future benefits under the contract.
(2) Rules for applying paragraph (1)
Determinations under paragraph (1) shall be made
(A) on the basis of interest at the greater of an annual effective rate of 4 percent or the rate or rates guaranteed on issuance of the contract,
(B) on the basis of the rules of subparagraph (B)(i) (and, in the case of qualified additional benefits, subparagraph (B)(ii)) of subsection (c)(3), and
(C) by taking into account under subparagraphs (A) and (D) of subsection (e)(1) only current and future death benefits and qualified additional benefits.Correct me if I am wrong but my interpretation is that this is a present value calculation with FV = Death Benefit ($1million in my case) and 95-24 = 71 as time horizon with minimum 4% as the discount rate. That results in ~$61k limit for a $1million policy at the age of 24. I am not an actuary though. Can someone with Insurance background clarify please?
Calling all FW expatriates re:Living Abroad Expenses
Added on : Monday May 20th 2013 05:00:10 PM
I've just returned from spending 8 months of travelling around the world (6 continents, 26 countries on mostly frequent flier miles and hotel points) and I'm working on adjusting back to live in the states. I'm back to work and starting the process of replenishing the travel fund and working on a new goal. I'm thinking that working for a couple years and then taking a stint abroad would be amazing. This time staying long or semi long term in one place vs hopping all over the place might be more attractive.After reading GotRocks post in the Financial Considerations of Expatriating Early (For Fun and For Profit) thread:In Cyprus I pay:
0.26 Euro/kw-hr (pretty high) but you don't use electricity to heat your water here - it's heated with a solar panel. My total electricity bill for 2012 was 525 Euros.
My water bill ruins me around 30 Euros for 3 months.
Gasoline is currently 1.36 Euros/liter
Bread is around 1.50 Euros a loaf (less if you buy village bread)
Milk is around 1.30 Euros for 1.5 liters
Sugar is 1 Euro/kilo; flour is 0.80Euro/kilo
Butter is 1.80 Euro/250g
Chicken breasts cost about 6 Euros a kilo
Eggs are 2.50 Euros a dozen
Pork is really cheap and abundant - varies by cut but pork chops will cost around 4 Euros/kilo
Anything imported will be expensive.
Cypriot wine is good and inexpensive. you can pay 5 Euros and get a bottle of good red wine.
Fruits and vegetables are very inexpensive and very fresh as almost everything is grown locally. I can go into a fruit and veg store and come out with 2 big bags of produce and pay only 8 Euros.
Medical insurance is around 1400 Euros/year for very good coverage for one person. You can buy minimal coverage for around 200 Euros/year. A visit to the doctor/dentist will cost you 35 Euros and medications are reasonable.
I own my house, but right now you can rent a 3-bedroom villa, furnished, with a pool for 500-600 Euros a month.I spend about $24k a year to live here in Cyprus. That includes insuring and maintaining 2 cars and a motor scooter and 4 cats. I live quite comfortably in a 2-bedroom villa.I'm curious about other fatwalleters living abroad and what their expenses are like. I realize that there are websites that list the information seperately, but I think many of them are trying to sell you something and therefore not as unbiased nor may they be frugal minded like many of us here.So, if you are living abroad currently, post your expenses in a similar manner to Gotrocks. I think we could all learn from this.