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over refunded on home owners insurance
Added on : Wednesday July 23rd 2014 07:00:05 PM
g: 0 Posted By: jaykull
Views: 66 Replies: 1 I sold my house last month and cancelled my home owners insurance. The insurance company sent me 400 too much. Got a letter saying I owe the 400, am I obligated to pay this back?
Question Deals
Life insurance - where to start?
Added on : Tuesday July 22nd 2014 05:00:07 PM
g: 0 Posted By: peteron
Views: 130 Replies: 0 Hi Fwers, the other day I read an article on the cost of raising a child in the states, and the article has the idea of buying life insurance, so that the financial security of a family wont get hurt if anything bad happens to the parents. My wife and I are both in the 25-30s, and I recently started to work. My wife is in her final year in graduate school. We have a 2 year old. I never had any experiences in life insurance, and I donot think my parents have ever had it for themselves or me. My wife and I donot have health problems, but I had a chronic disease when I was little. I was treated but not cured (since it is not curable), so there might be a chance it may come back. And you know, bad things could happen to good people...I feel I (and mybe my wife as well) need to get into the life insurance market.I sometimes get ad booklets from my bank (alliant credit union), but I never looked at it. I want to hear about what people here say about buying life insurance. Where should I start? Are there any good options now?
Question Deals
g: 1 Posted By: PhatWallet123
Views: 165 Replies: 0 Just received a Promo for 2015 Nissan Leaf. Have to say the Promo Code "PR434" to get the deal listed below.

Percy at Town Center Nissan cell 404-819-4800 is doing 24month leases for 2015 Nissan LEAF S models for$209 with VPPor$249 non-VPP & $240 with QC with VPP or $289 w/o VPP.The normal conditions apply - $0 down payment, 12,000 miles a year, $395 disposition fee, etc.

This is the lowest I have seen being offered in Georgia.

The Math:
Total Payments: $5,016 (or $209 x 24 months)
State Income Tax Credit: $5,000
Increase in Insurance: $400 (YMMV)
Gas Savings net Added Electricity: $2,040 (YMMV but for me, it's at least $110/mo average gas cost minus net the added $25/mo electricity bill)
Disposition Fee: $395
Special Tag Fee: $60
Total "Profit" = $1,169
Services Deals
Full Travel Insurance on Credit Card
Added on : Sunday July 20th 2014 02:00:07 AM
g: 0 Posted By: europea
Views: 5 Replies: 0 Can anyone confirm a US credit card which offers full medical travel insurance? I'm late 20s and have been working overseas since college. I've gotten quite used to the full insurance on my Australian card
http://www.anz.com.au/resources/1/e/1e671c004451aa4a80a2eefb15aa... : said: We will cover you for: (a) medical, hospital and ambulance expenses you incur as a result of an illness, injury or death; or (b) dental treatment expenses you incur as a result of an injury to healthy natural teeth; that you suffer while you are overseas, or onboard a cruise that includes a scheduled stopover at an international port.

Since I'm heading back to the states next year I've been looking through all the usual banks and posts here (and some of the less usual ones) but have not had any luck. All the travel insurance seems to be limited to "common carrier" insurance. For instance, the ML benefits description is as follows:
[S=https://card.ml.com/cms/published/root/rps/pdf/Online_MERRILL_Pl... said: https://card.ml.com/cms/published/root/rps/pdf/Online_MERRILL_Plus_Insurance_Benefits_July_2014.pdf:]"As[/S] a Cardholder, you, your spouse or domestic partner and your dependent children will be automatically insured up to one million dollars ($1,000,000.00) against accidental loss of life, limb, sight, speech or hearing while riding as a passenger in, entering or exiting any Common Carrier on which passage has been purchased for the Insured Person;"
(Emphasis mine)

My first post
Credit Deals
u can buy gold coins with credit cards.
Added on : Thursday July 17th 2014 02:00:13 PM
g: -4 Posted By: nicj4070
Views: 234 Replies: 3 Does that give anyone any ideas? The guy with the most credit cards, "mr plastic", according to google, has `1500 of them. This is by far the best emergency fund/medical insurance that you can get.
New User Question Deals
g: 0 Posted By: solarUS
Views: 189 Replies: 3 buyinga house. title company provides closing statement that shows a "doc prep fee", among other fees. I know these are negotiable, plus their statedfees are generally higher than I've seen recently, so I ask them to reduce it. they refuse, citing the fact that i am not buying title insurance. their verbiage is:

The doc prep fee is typically waived with the purchase of an owner's title policy. Unfortunately, you are not purchasing the Owner's policy and we are unable to waive this.

it seems like a racket - they literallycharge you for not buying their insurance. the closing is tomorrow, so it isnt like I can just shop another title company without a great deal of hassle. does anyone have any good [legal or pseudo-legal] arguments that might persuade them?
Question Deals
Do I have to pay out of pocket for this
Added on : Thursday July 17th 2014 04:00:09 AM
g: -1 Posted By: ecomajor
Views: 168 Replies: 4 This will be a somewhat long story but please be patient. Also please read the attached contract, in particular paragraphs 2 and 4.

In December 2013 my chiropracter prescribed me a TENS machine (google it) for my back pain. My chiropracter ordered it from an out of network medical devices provider.
I signed a form (attached) that basically stated that I was not personally liable for any amount that my insurance company didnt cover. Additionally, since they were not an in network provider any payments would be sent to me and I was responsible to send them to the device company.

All seemed fine, but I never received any checks from my insurance company.

Last week I receive a letter from the device provider asking me to please forward the money as they say that the insurance company has paid the claims.

I call my insurance company and ask where are my checks. They tell me that they approved the claims but that I would not be able to receive any funds as we had a debit balance with them. This was news to me. They said that they had mistakenly sent checks to our sons physical therapy provider (the city) a couple of years ago and they had asked us to get back the money and we had never gotten back the money from the city and therefore we owed that money to our insurance company and any future out of network payments would be debited against that balance.

First of all, it was the insurance companies fault that they overpaid on my son's physical therapy provider. Second of all we had long ago requested the agency to take care of getting back the money but apparently nothing ever happened.

So the medical device company says that the claim is "paid" because it counts against our balance and that we have to pay out of pocket (eventually we hope to get the money back from the city). My arguement is that the contract explicitly states that we have to forward any monies received which we never did. I have no problem paying them once I get paid by the city, but I dont think its right that I should have to pay out of pocket when I explicitly signed a contract that I only have to forward money received.

Can I get the devices company for unfair collection practices or get them to postpone the debt until I actually get paid by insurance or do I need to pay them now.

Thanks for reading.

Personal Finance Deals
Financial implications of injury from auto accident
Added on : Wednesday July 16th 2014 04:00:08 PM
g: 0 Posted By: WhamBamTk
Views: 115 Replies: 0 Hello Fatwallet,

Please excuse the throwaway.

My wife was involved in a small car accident. She was rear-ended while stopped at a crosswalk. The other driver was cited.

The accident was at a relatively low speed. The other driver's car hit our trailer hitch and had some front bumper damage. Our car had some chipped paint on the bumper. No big deal; it's older.

She was experiencing some neck pain at the scene and was transported to the hospital via ambulance for x-rays. She already receives SSDI for an issue that - in part - involves her neck.

We have two uncertainties at this point:

1.) We are afraid about how our health insurance will treat this in the long term. That is to say, after this is all sorted out with the car insurance companies, would they ever blame long-term neck issues on the accident and deny payment?

2.) Is this something that requires a lawyer? The medical effects from this accident appear minor at this time, but we will know more later. Right now, we are not looking for anything but the payment of medical bills. We will not know the full extent of those for at least a few months.

I haven't seen a scenario like this on previously posted threads and would greatly appreciate any advice.

Many thanks.
New User Question Deals
MetroMile: pay-per-mile auto insurance (CA, OR, IL, WA)
Added on : Wednesday July 16th 2014 09:00:08 AM
g: 0 Posted By: jimbobob
Views: 14 Replies: 0 Fellow FWFers- A new insurance company called MetroMile charges mainly based on mileage driven. Unlike previous competitors, they claim to charge solely based on the number of miles driven and not on one's driving style. MetroMile provides a device that plugs in to the car's OBD2 port and logs data from the GPS connection. The website also has some slick features that show data about your driving. They were featured in TechCrunch today so I checked out the rates, and found it to be a better deal than what I'm getting now.

Their website ishttps://www.metromile.com. The estimate provided to me was about 30% less than the cost of Wawanesa/Geico (I'm in California).
Compare mortgage offers
Added on : Tuesday July 15th 2014 04:00:13 PM
g: 0 Posted By: steveb10
Views: 47 Replies: 0 I am in the process of buying a home. I have pre-qualified with aimloans and in the process of being pre-approved. I also looked into a local broker and received a fee worksheet. It looks as if aimloans is cheaper by about $1k, but I just want to make sure I am not missing anything. If you see something, please let me know.

Location: Alabama
Purchase price of home: $160k
Loan Amount: $112k
Interest rate: 4.25%
Conventional 30 yr

Aimloans:
Lender Fee: $1,995
Lender Rebate: ($2,291)
Appraisal: $395
Flood Cert: $5.50
Credit Report: $16.75
Tax Service: $61
Owner's Title Ins: $500
Lender's Title Ins: $725
Recording Fees: $76
Tax Stamps: $216

Total: $1699.25

Local Broker:
Fees: $1,010
Appraisal: $450
Flood Cert: $14
Closing Protection Letter: $25
Title Examination: $125
Closing Fee: $300
Owner's Title Ins: $250
Lender's Title Ins: $25
Recording Fees: $85
Tax Stamps: $281

Total: $2565

Does anyone know why the Lender's Title Insurance is so much lower with the local broker? Is this something he would jack up at closing without me knowing? I am still learning about mortgages, so any comments or help would be much appreciated. Thank you!
Real Estate Deals
Does IRS recognize a foreign marriage certificate?
Added on : Tuesday July 15th 2014 12:00:08 PM
g: -1 Posted By: stuckinlimbo
Views: 149 Replies: 8 Due to the marriage penalty tax, my SO and I have chosen not to get married on paper. Everything has been good these last few years (we saved about 7k in taxes so far), but recently with Obamacare, her employer sponsored health insurance cost has gone up drastically. For a procedure that used to cost $250 out of pocket, we are looking at $5k now this year (the benefit was basically cut from her plan). However, under my health plan, the OOP cost would be $500. I would like to add my SO to my employer health plan, but need a marriage certificate to do so. If I got a marriage certificate from another country, would the IRS recognize it which would then force us to file as a married couple?
Tax Deals
Current Financial Situation: Need Advice
Added on : Monday July 14th 2014 11:00:05 PM
g: 0 Posted By: nickygrahn
Views: 38 Replies: 0 Hello fellow forum members. This is my second topic since I've been registered here and the previous input was very helpful for me, so much so that I'm seeking advice again. This may get lengthy but I want to describe to the best of my ability what my current situation is financially. What I'm looking for is some inputs, though I know they'll be varied, on what I should do for future security. So here it is and again, I greatly appreciated the previous input. Your guys' knowledge with money is fantastic and I'm sure you have changed lives.

My Debts:
Home mortgage FHA @ 3.5% which is on the second year and already have paid off 10K in principle out of the 145K loan. This was a 30 year loan and the minimum payments is $1050 a month. This payment includes home insurance, taxes and mortgage insurance
Personal loan, which is used as my business loan, has $11,800 left @ 9%. Used to be about 19k but I sold some useless things and paid it down. Minimum payment is $450 a month.
Auto insurance is $1050 total every 6 months for wife and I.
Other misc. monthly bills which include cell phone, internet, home utilities and food average out to be around $500.


My business nets about $1,500 a month currently but I only need to pay our mortgage and my business loan. However, after doing that I have absolutely nothing left. Obviously, making $1,500 a month is not a lot and that's some of the reason I'm posting (more on this later**). The way I'm looking at things is I'm subtracting my current net of $1500 from the mortgage and personal loan, leaving literally $50 which I'm actually okay with since my wife is making $40k a year and we don't have other debts. The thing is, my money is mine and hers is hers. That's how we've agreed to do things and it actually works very well. I used to make more money when I had a job as well as my business but I left due to my inability to work under a boss.

Being self employed is something I like very much and I refuse to get a job. I've left a half dozen jobs in the past year, not even kidding, one of them being a top 100 company to work for according to Fortune Magazine. So with that said, I have the ability of expanding my current business due to someone retiring. I would need to take out an additional $20,000 for the expanding of my businesses to make another $800 net a month. I talked to a couple of bankers and they said a 5 year loan @ 8% interest would be around $650 a month of I included the current loan I have of $11,800. This would leave me with an extra $600 a month.

Is my vision wrong looking at things this way? Taking out money from a bank without having a savings or any other investments other than some business equipment frightens me. I could grind out what I'm doing currently, but this opportunity doesn't come very often. I know I could force myself to pay a loan faster to avoid paying excess interest since I've done that in the past. Judging from what you see on my post, do you have any feedback? Getting tired so I'll end the post here. Thanks for reading and chiming in!

Insurance Deals
Considering a mortgage...is now the right time to buy a home?
Added on : Sunday July 13th 2014 06:00:07 AM
g: 0 Posted By: t1m0thy
Views: 1504 Replies: 50 My wife and I are considering purchasing our first home. Our financial situation is below.

We would be using Navy Federal's 100% financing program (i.e. zero down) which would give us a resulting 5.25% interest rate with a 1% origination fee and 1.75% funding fee for a 30-year jumbo loan. We are also required to pay into an escrow account as part of the mortgage to cover taxes and other property fees. We live in the San Francisco Bay Area and are looking at houses in the $550k to $650k range. Because we do not have nearly enough for a down payment we are using Navy Federal's zero-down program and accepting a higher interest rate as a result. Estimated all-in monthly payment for a $650k mortgage is $4,200.

We currently live in a relatively inexpensive one bedroom, one bathroom apartment but given that 1) we have a baby on the way, 2) Fed actions seem to indicate a rise in mortgage rates soon and 3) the San Francisco Bay Area housing market seems to be going nowhere but up we are strongly considering becoming homeowners now.

I would love to hear your feedback!

Current Situation

Yearly gross income of $150,000 ($85,000 + $65,000)

The $85,000 salary will jump to $90,000 in March 2015
The $65,000 salary will stay the same

Debts

Monthly rent = $1,100; we are locked into a lease through July 2015 though are landlord has made it abundantly clear (in writing) that we can break our lease without consequenceo
Credit card debt = $12,500

All at 0% through March 2015
$277 minimum monthly payment

Student loan debt = $34,700

$2,250 at 5%, the remainder at 2.5%
$330 minimum monthly payment
We are making the minimum payment on $18,700 of the student loans since the remainder will be forgiven after 10 years of government service

No car payment

Other

I work for the local government so our health insurance is really cheap
11% of the $85,000 salary goes to a pension


Personal Finance Deals
Switch from Allstate to Geico
Added on : Sunday July 13th 2014 05:00:08 AM
g: 0 Posted By: spydermonkey
Views: 96 Replies: 7 I recently married within the past year and I expected my car insurance to go down a good bit but it didn't. We just received our renewal from Allstate and its $1374.26 /6 mth, $230/mth. Ive been a Allstate customer for over 20 years, my wife over 15 years. I started getting quotes from other major insurance carrier, and Geico will give us the policy for $583.92 /6 mth, $103/mth! $127 cheaper per month. I usually stick with companies that Ive been a customer with for a long time but this is a pretty significant price difference. Im also not the type of person that just wants to save a buck, since I dont mind paying a premium for something if its worthwhile. Everything I've read about Geico seems to be good, from what I understand the reduced cost is due to them not having any B&M agents. This is no biggie to me since I haven't seen my Allstate agent in well over 15 years.

Fellow FWers, should I switch?
Discussion Deals
AARP Smart Driver online course at a 40% discounted rate.
Added on : Saturday July 12th 2014 10:00:07 AM
g: 0 Posted By: DaysFan
Views: 203 Replies: 0 http://www.aarpdriversafety.org/ AARP Smart Driver online course at a 40% discounted rate. Learn safe driving strategiesLow cost of $17.95 for AARP members ($21.95 for non-members)* Save money on your car insurancE** JULY ONLY! SAVE 40%

Take the award-winning AARP Smart Driver online course at a 40% discounted rate. Celebrate your independence by refreshing your driving skills!
Upon completion, you may be eligible to receive an auto insurance discount. Other restrictions may apply. Consult your agent for details.

*Register by July 31, 2014. You then have a full 60 days to complete the course at your own pace. Plus you may be eligible for an auto insurance discount upon completion.

Use promo code: JULY40
Offer expires July 31, 2014. Valid for online course only.*


Services Deals
Alert: SJ KUNDBOKNING Credit Card Scam Strikes Again!
Added on : Saturday July 12th 2014 05:00:05 AM
g: 0 Posted By: jr9726
Views: 99 Replies: 1 My credit card was just charged yesterday, July 11, 2014 by this SJ KUNDBOKNING twice, one for $198.36 and another for $133.49, in an attempt to max out my credit card. Luckily, I only had about $400 of available credit left on it. I was getting ready to pay my bi-annual insurance premium so I made an extra payment recently and went to check my online statement to see if it was already credited. That's when I noticed this unauthorized charge on my account. I was infuriated. That was a lot of money to me. Now, I don't have enough available credit to pay for my bi-annual insurance premium which is due by next week because of this unauthorized charge. So I called the bank right away and they too knew that this was a scam charge after checking their database. They took care of the unauthorized charges by taking responsibility for them while they investigate and alert authorities, and they restored my account balance. They also deactivated my credit card and issued me a new one after confirming the last valid charge. They told me that this scam charge may have been carried out through hacking some vendors' point-of-sale computers and that there was nothing I could have done to prevent the scam artist from stealing my credit card number on those vendors' files. So check your online statement and report this unauthorized charge immediately if you notice it. That is the only way to stop the scam. Another way is to have the perpetrator of this scam arrested if you know who it is. If you do, please call police and report the credit card thief!
Personal Finance Deals
Considering becoming a homeowner, is now the right time?
Added on : Friday July 11th 2014 08:00:08 PM
g: 0 Posted By: t1m0thy
Views: 22 Replies: 1 My wife and I are considering purchasing our first home. Our financial situation is below.

We would be using Navy Federal's 100% financing program (i.e. zero down) which would give us a resulting 5.25% interest rate with a 1% origination fee and 1.75% funding fee for a 30-year jumbo loan. We are also required to pay into an escrow account as part of the mortgage to cover taxes and other property fees. We live in the San Francisco Bay Area and are looking at houses in the $550k to $650k range. Because we do not have nearly enough for a down payment we are using Navy Federal's zero-down program and accepting a higher interest rate as a result. Estimated all-in monthly payment for a $650k mortgage is $4,200.

We currently live in a relatively inexpensive one bedroom, one bathroom apartment but given that 1) we have a baby on the way, 2) Fed actions seem to indicate a rise in mortgage rates soon and 3) the San Francisco Bay Area housing market seems to be going nowhere but up we are strongly considering becoming homeowners now.

I would love to hear your feedback!

Current Situation

Yearly gross income of $150,000 ($85,000 + $65,000)

The $85,000 salary will jump to $90,000 in March 2015
The $65,000 salary will stay the same

Debts

Monthly rent = $1,100; we are locked into a lease through July 2015 though are landlord has made it abundantly clear (in writing) that we can break our lease without consequenceo
Credit card debt = $12,500

All at 0% through March 2015
$277 minimum monthly payment

Student loan debt = $34,700

$2,250 at 5%, the remainder at 2.5%
$330 minimum monthly payment
We are making the minimum payment on $18,700 of the student loans since the remainder will be forgiven after 10 years of government service

No car payment

Other

I work for the local government so our health insurance is really cheap
11% of the $85,000 salary goes to a pension


Personal Finance Deals
g: 0 Posted By: GOMIGOMI
Views: 218 Replies: 0 I am looking for a place to buy this phone, unlocked, and only place I found under $600 was eBay until now.
I don't have any experience with this place, www.eglobalcentral.com. This is a Hong Kong based online store. They said they have stores in Austria, UK, France, Spain and other Europe countries but t=12pxhis phone will be shipped from Hong Kong.

They said this item is Free Shipping by UPS and no sales tax. Also their web site said they offer 12 month warranty (not manufacturer's warranty but similar. The shop offers parts and labor cost for repair of manufacture defects, fault in production and fault in the material of the products. 1 month parts & labor cost for repair of rechargeable batteries.

*******
Free shipping=12pxto all 50 states is available on all orders $50 and up. We useUPS=12pxas our premier shipping partner. Express shipping is available to most urban areas within the contiguous United States for a fee.What you see is what you pay- we pay all import duties and taxes for you. There areno hidden fees
​*******

I am still debating myself whether I should pull the trigger or not.... If you have an experience with this site, please let me know.

LINK
The Sony Xperia Z2 is a high-end Android device released in March 2014. The Z2 is water- and dust-proof with an IP rating of 55 and IP58. The device has a 5.2" IPS LCD display, with a resolution of 1920x1080. it's powered by a Qualcom Snapdragon 801 processor, with 3GB of RAM, 16GB internal storage and a microSD slot. The Z2 has a 20.7MP camera, with 4K video recording at 60 frames/second. All this is powered by a 3200mAh battery.

Cell Phones Deals
g: 3 Posted By: BigBoyMichigan
Views: 352 Replies: 2 No Dental Insurance? Choice of: Free Dental Cleaning or Free Tooth Extraction or Tooth Filling thru the "Dentistry From The Heart program"

August 02, 2014 - 7:30 AM - 5:00 PM
32905 W. 12 MILE RD, SUITE 200
FARMINGTON HILLS, MI 48334 USA

To Find this FREE service in your State or Canada click link

http://www.dentistryfromtheheart.org/even/even_upco.php
Totally Free Deals
g: 1 Posted By: BigBoyMichigan
Views: 107 Replies: 0 No Dental Insurance? Choice of: Free Dental Cleaning or Free Tooth Extraction or Tooth Filling thru the "Dentistry From The Heart program"

August 02, 2014 - 7:30 AM - 5:00 PM
32905 W. 12 MILE RD, SUITE 200
FARMINGTON HILLS, MI 48334 USA

To Find this FREE service in your State or Canada click link

http://www.dentistryfromtheheart.org/even/even_upco.php
Totally Free Deals
g: 0 Posted By: Deals4mykids
Views: 87 Replies: 0 SJ4000 Waterproof 1080P FHD 1.5 Inch LCD Car DVR Dash Cam Action Camera Sport DV Novatek for $84.99 with Free Shipping @GearBest.com

http://www.gearbest.com/car-dvr/pp_60637.html
http://www.gearbest.com/car-dvr/pp_60638.html
Video review:
https://www.youtube.com/watch?v=WKIMxPdqTEI&feature=youtu.be

Coupon code: GBSJ4000
The Deal Price: $84.99 with free shipping

The Dash Cam or car camera (DVR) is now becoming the weapon of choice against drivers who will lie and cheat in order to claim they were not at fault in an accident. The SJ4000 dash cam onboard DVR is used in a wide range of scenarios including:

● When recording, the dash cam can store a road rage incident.
● Accident video cam footage will provide proof of responsibility and insurance liability.
● Cab drivers can record violent passengers from their windscreen or dash.
● The dash cam can act as a deterrent for drivers in front who see it in their rear view mirror.
● Dash cam video can be used to show pedestrian activity.
● Dangerous and potentially lethal driving can be saved and the cam memory can be handed to the police.
Cameras Deals

GearBest Coupons
Solutions for Vehicle with Negative Equity
Added on : Thursday July 10th 2014 09:00:08 AM
g: 0 Posted By: ChallengedCarBuyer
Views: 209 Replies: 18 We own 2 cars, a 2006 Nissan Altima (145K miles) and a 2008 Ford Edge (97K miles). The Nissan is paid off and worth about $6K and the Fordis worth about $12K with $23K still owed (due to the deal that we made back when purchased in 2011, with a significant amount of negative equity rolled into it). With the current payment of approximately $700 it feels as if we are somewhat stuck for a while. Our credit scores are rebounding nicely from prior issues and we are consistently in the 680-690 over the last 2 months.

With 2 aging cars and a high payment we are wanting to make a change. Options that we are considering are
1) Trade 2 cars towards the purchase of 1,to lessen the negative equity and end up with a lower payment with only 1 car (we both work in different areas, so this may be challenging)
2) Same scenario as above, but supplementing the 1 car with an enterprise rental 3 or 4 days a week. This way we'd only have to pay for insurance on 1 vehicle, offsetting the costof a rental, having less to report on a credit report, but also having no second asset.
3) Trading the 2cars towards one, and then purchasing/leasing a 2nd one, with the total payments for both being near the $700 of the current vehicle
4)status quo

We have up to $5K that we could put towards the deals, if needed. How do any of those options sound? Any better proposals/alternatives? Same options, wait a few months to let our credit hit 700? Thanks for the input.

Personal Finance Deals
Sump Pump Failure-Allstate
Added on : Wednesday July 09th 2014 09:00:06 PM
g: 0 Posted By: JenMP
Views: 2 Replies: 0 We just bought our first house, a few weeks ago actually. We have Allstate for home insurance. Our basement flooded today. My studio is down there and thankfully not too much was ruined. The carpet is soggy, and we had like 1-2 inches, the shelves are ruined, and the wood floor in the bedroom is ruined, other than that, from what I can see, we are good. AWESOME thing is I put sump pump insurance on the house on Monday, and the basement flooded today (Wednesday, so 2 days later) We have $10,000 on it. Since it was late, they haven't been super helpful. I'm worried that the emergency crew we had come out to start the process of getting the water out is covered. I asked Allstate numerous times and the people I talked to didn't know. I am HOPING it's covered because I think it's like $4000. That's my question. Also, is there a way for me to strongly urge Allstate to cover new floor? I'd rather just have tile put down there because the carpet will just get ruined if this ever happens again. The guy checked it when he came to start sucking out the water and etc and said he didn't think it was too damaged. IDK what it's called, but the thing underneath the carpet (not the mat, its the plastic thing on the other side of the carpet) wasn't coming off. I seriously do not want this carpet and am hoping they will cover tile. Welcome to home ownership I suppose. lol
Question Deals
g: 0 Posted By: NonReturnable
Views: 103 Replies: 2 My wife's biological mother lives in Argentina. We live in the US.

My wife last saw her mother when she was 12. She was left with her father.
Same for my wife's half brother, he was left with his father in another state.
Needless to say, she's not the best mother.

My wife grew up with her father and step-mom. Everything worked out.

A few years ago my wife first found her half brother via the internet.
Then, a while after that, her bio-mom got back in touch with her, again via the internet.

A few months ago she called and let my wife know she was having seizures.
Today, we got a phone call in spanish, and after some translation thanks to google, we figured out they were asking her to call her mom. I'm assuming the mom didn't have enough money for an international call.
My wife called, and found out she has brain cancer, and the doctors say she has around 2 months left.

We can not afford to go visit. Even if my wife went alone, the price of a ticket is just out of range to visit someone that...in all honesty wasn't someone my wife was that attached to.
Obviously she's upset, but she agrees its just not feasible to spend $2000 and 48 hours on a plane to do a visit. They'll be doing some video chatting and phone calls (I'll make sure I'll record it for when the kids are older).

I have some financial concerns -
The mom put my wife down as an emergency contact with her medical info. The mother is flat broke. For a time she lived in an orphanage and was given room and board in exchange for working. Now it sounds like she's living with a friend. Has no job, etc.If, for example, my wife wanted her ashes to split with her half brother, how would that be worked out? We're not 100% trusting of her mom, and I'm wary of being scammed by working with a "friend" of the mom or something.

It is my understanding she has dual citizenship with the US (or at least, never renounced her argentine citizenship). She immigrated to the US when she was very young, and was in the US Army and received an honorable discharge. She mentioned there may be life insurance money, or at least money for a burial or cremation through the VA. She is also apparently owed quite a bit of back disability money by the VA. She's asked my wife to help her get that sorted out a number of times, she's tried, we'll get the mom in contact with the right people, then something never happens, wait a few months, rinse, repeat. Should I be contacting a lawyer to figure this out? Is it even worth pursuing? I'm not trying to approach this like I could make some cash, but if there is the possibility that my wife could get something to put towards her education costs (she starts an MBA program next month) that would certainly be beneficial.

Not speaking any spanish (my wife speaks restaurant spanish at best), what is the best route to go to get things like a copy of the death certificate, any personal belongings the mom wants my wife or her brother to have after death, etc. The mom is making sure her friends and the hospital have my wife's information. The language barrier is a problem. This isn't the first time we've gotten a phone call from someone whom only speaks spanish, and had to use google translate and yes/no questions to figure out what was doing on.

Are there any scams I should be aware of that could be going on here (besides the mom making this whole thing up. Which we've discussed, but she's not asked for any money or anything thus far).

Any advice or suggestions anyone has, I'd certainly appreciate.

TL;DR - Wife's broke deadbeat mom is dying of brain cancer in Argentina.. Any advice about how to get burial or ashes worked out, any personal belongings the wife wants shared shipped up here, and any possibility of life / burial insurance worked out.
Personal Finance Deals
Car Rental Damage -- My Story
Added on : Tuesday July 08th 2014 09:00:05 PM
g: 0 Posted By: jpfulton
Views: 817 Replies: 0 Just want to share my story as it has unfolded so far related to car rental.

I took my car into the dealer last week for repair. Extended warranty covers vehicle rental for me. I went to Enterprise and got a vehicle which I then promptly backed into a building and caused bumper damage. I chose not to get Enterprise's insurance.

I talked to a collision shop before turning the vehicle in and he said that I would need a brand new bumper put in. No way to repair the existing bumper (Ram 1500 chrome bumper). Cost would be $635. I decided to wait until I turned the vehicle in and see what they said. They had me fill out an incident report and give them $500 on the spot which is equivalent to my insurance deductible EVEN THOUGH I hadn't yet decided to put it through insurance. Enterprise called me a couple days later to tell me what the collision shop would charge (technically I called them a few days in a row before I finally got them info). Shop wanted $533. If the true final cost was $533 then I would just pay out of pocket. Problem is that there will also be an administrative fee. No one can commit to exactly what that will be. There will also be a daily loss of use fee. No one can commit to what that will be per day nor how many days I'll be charge. Basically I'm estimating a total of $652. AAA cannot commit to whether loss of use and/or the administrative fee will be covered --- I suspect not but they can't tell me until I file a claim and I'm contacted by a claim handler. Also, in my research I have found that under $500 in damage is a $50 admin fee, over $500 is a $100 fee. I can't help but think that the collision shop's estimate being just over $500 is not random chance (I have read online about other's experience with this). I contacted Chase Sapphire. Though I used my card to put a deposit down, Chase won't cover anything since I didn't use the card to pay in full (extended warranty paid it).

I have been advised that I can call my local Enterprise in a few days to ask how many days I'll be charged for loss of use. I will be contacted by MAIL in 3 weeks by the Damage Recovery Unit with final numbers etc.

That is current status. I'll try to update this thread as I find out more.
Discussion Deals
Car Rental Damage -- My Story
Added on : Tuesday July 08th 2014 05:00:09 AM
g: 0 Posted By: jpfulton
Views: 22 Replies: 0 Just want to share my story as it has unfolded so far related to car rental.

I took my car into the dealer last week for repair. Extended warranty covers vehicle rental for me. I went to Enterprise and got a vehicle which I then promptly backed into a building and caused bumper damage. I chose not to get Enterprise's insurance.

I talked to a collision shop before turning the vehicle in and he said that I would need a brand new bumper put in. No way to repair the existing bumper (Ram 1500 chrome bumper). Cost would be $635. I decided to wait until I turned the vehicle in and see what they said. They had me fill out an incident report and give them $500 on the spot which is equivalent to my insurance deductible EVEN THOUGH I hadn't yet decided to put it through insurance. Enterprise called me a couple days later to tell me what the collision shop would charge (technically I called them a few days in a row before I finally got them info). Shop wanted $533. If the true final cost was $533 then I would just pay out of pocket. Problem is that there will also be an administrative fee. No one can commit to exactly what that will be. There will also be a daily loss of use fee. No one can commit to what that will be per day nor how many days I'll be charge. Basically I'm estimating a total of $652. AAA cannot commit to whether loss of use and/or the administrative fee will be covered --- I suspect not but they can't tell me until I file a claim and I'm contacted by a claim handler. Also, in my research I have found that under $500 in damage is a $50 admin fee, over $500 is a $100 fee. I can't help but think that the collision shop's estimate being just over $500 is not random chance (I have read online about other's experience with this). I contacted Chase Sapphire. Though I used my card to put a deposit down, Chase won't cover anything since I didn't use the card to pay in full (extended warranty paid it).

I have been advised that I can call my local Enterprise in a few days to ask how many days I'll be charged for loss of use. I will be contacted by MAIL in 3 weeks by the Damage Recovery Unit with final numbers etc.

That is current status. I'll try to update this thread as I find out more.
Discussion Deals
Advice on how to make 60k+/year
Added on : Tuesday July 08th 2014 05:00:08 AM
g: 0 Posted By: AGmagic
Views: 198 Replies: 9 I've been a long time lurker, and signed up a while back. I know 60k/yr is not much, but what can I do to get there? I am currently 26 and still live at home and find it somewhat difficult to make ends meet. I've taken up a frugal lifestyle and still not able to make ends meet. So what options do I have? I know I'll get flamed a little, but doesn't matter I'm hungry to make some $ so I can start moving forward in life.

I currently work a dead end technician job, getting paid low entry level pay. Most my money goes to.. nothing really. about 20% of my check goes to parents, the rest are just food/gas/insurance. Currently had unexpected car maintenance come up so that may be the reason why I'm struggling.

Any advice. I've been in school in and out, its discouraging when I see people with no degrees making 100k. I took no loans out, but recently the last two semesters took loans out. School is expensive these days. At least for me anyways.

TIA
Personal Finance Deals
Medical loan advice
Added on : Monday July 07th 2014 11:00:09 AM
g: 0 Posted By: The111
Views: 147 Replies: 2 Here is my situation:
May need to pay ~$60k out of pocket, up front, for a medical expense that insurance won't cover (long story)
Spouse and I both have excellent credit, minimal debt, and stable decent-paying jobs
I could (barely) afford to pay the bill with cash on hand, but would rather borrow it than expend my cash reserves

Question:
Do medical loans exist? I know nothing about this. Where should I look?
I would like to think that I could find one with a really low rate, considering both my credit and the fact that I have the entire amount on hand as collateral. But, I have no idea if that is a reality.

Any advice is much appreciated. Thanks.
Personal Finance Deals
Tips and Tricks for Insurance - Inventory Of Assets?
Added on : Sunday July 06th 2014 01:00:06 PM
g: 0 Posted By: robronson
Views: 85 Replies: 1 My neighbor in the apartment across from mine got robbed recently and it made me think about my renter's insurance. I barely have much in the realm of receipts and documentation on my things. If it was me that robbed, I'd be pretty screwed.

I think being robbed is pretty traumatic, and trying to remember everything you had and finding receipts after the fact would only make things worse. What I'd like to do is put together a rock solid inventory with pictures, receipts, etc, store it up on my dropbox, and if I ever get robbed, I go up in the cloud, even off my cell phone, email the PDF of my inventory to the insurance man, and move on with my life.

Maybe, I might even wind up a little better off than before because if I could have back what I paid for all my stuff, I'd probably only re-buy half of it since I buy a lot of clothes and things I don't really use.

Anyone have experience on how insurance claims work for personal possessions? There's a lot of threads on car insurance and home owner insurance with respect to tree branches, but I rarely hear anyone discussing submitting claims for personal possession against homeowner or renter's insurance. I'm under the impression that I'll get either the replacement cost or whatever I paid, whichever is less, which leads me to believe I'll get screwed since, like most FWF I go out of my way to shop for sales and deals. So if I only get back what I paid, it's far below market value for many of my things.

Am I under an obligation to hand over receipts for everything? Maybe if I got something well below market value, and I misplace the receipt, or intentionally don't store it, then I'll get replacement value which is higher?

Does anyone else inventory things like papertowels and toiletpaper and shampoo? On the surface it seems silly, but I ran some quick math in my head and I easily have a few hundred dollars worth of cologne, deodorant, TP, papertowels, toothpaste, toothbrushes, facial cleanser, moisturizer, etc. Also, if I have the inventory up in dropbox, I can refer to it when I'm shopping so if I see a good deal on something like bulk papertowels, I can see how many rolls I'm down to, assuming I keep the inventory up to date every month or so.

I've heard people just videotaping everything in their home but that doesn't quite seem granular enough for me. I've already started a rough inventory and realized I actually have around $12k worth of things in my apartment, so my $10k policy won't cover it and I might need to get higher coverage. So another benefit of doing this in something like a spreadsheet is that you actually see what the value of your items are so you can adjust your insurance accordingly.

Anyone have experiences to share on claims or best practices on inventory?


Discussion Deals
Liberty Mutual Auto/Home Insurance-any good?
Added on : Saturday July 05th 2014 03:00:09 AM
g: 0 Posted By: mjp123
Views: 11 Replies: 0 I've been shopping around for Car and Home insurance. We've never had any claims on either, ever, but you never know, especially with the storms getting worse here in the midwest lately.
Liberty Mutual gave me the cheapest quote that would save us approx. $600/year for the same coverage. The CSR said it wasn't an introductory rate. (lol) I'm just concerned that I've read a couple good things, but mostly not-so-good things about them. Anyone can have an agenda, and reviews are mixed on other companies too. Does anyone have experiences good or bad with LM? Thinking if it's too good to be true, maybe it is........

Thanks!

Insurance Deals
college student, house with dad after graduation
Added on : Thursday July 03rd 2014 11:00:04 AM
g: 0 Posted By: mccyjcb
Views: 134 Replies: 6 I'm a 21 year old college student going in to the field of finance and I have two years left. My dad has been looking to buy a house for the last year but since he is 53 and a blue collar worker, he didn't want to buy too expensive of a house. He has recently learned that his whole plant may be shutting down in the next 2-4 years and so he is going to lose his $45k job. After that, he says he is just going to become a trucker. That ruined his plans of buying a house. He came to me with a plan: wait til I get out of college and find a job (hopefully at least $45k a year), and then get a VA loan using his veteran status. So I won't need any down payment and we won't have to pay mortgage insurance and we get the better mortgage rate versus a conventional loan. We will live together obviously, but I will be in a house of my choosing at the age of 23 or 24, we will both be paying $800-$900 a month towards the mortgage. My name will go on the loan that way if he dies, I take over the loan which is fine by me. When I graduate, I will have about $16k in student debt. I already have a 730 FICO score. I do have a part time job and I am saving money for when I move out. My dad wants me to live a better life than him so there is no reason to think he would be trying to screw me over in any way, we are very close. This obviously depends on how long he keeps his job so we can secure a loan, and how long it takes me to find a job. I also have a friend who I know would move in with me so there's an extra $300 a month for the mortgage.

Basically:
Two years left of college, me and my dad want to buy a house after I graduate and find a job using his veteran status for a VA loan. I get no down payment, no mortgage insurance, a better interest rate and a house of my choosing at the age of 23 or 24. I don't see any downsides to this. Help me point out flaws that way I can go over them with him.
Question Deals
Filed Insurance Claim One Day Late
Added on : Wednesday July 02nd 2014 01:00:07 PM
g: 0 Posted By: jetsfan92588
Views: 26 Replies: 1 I requested to take advantage of the return protection offered by a credit card issuer. I did it within the 90 day period provided. They sent me a form to sign and fax in, along with a receipt from my credit card company. They gave me 30 days. I faxed it on day 31. I was late, no doubt about it. To be clear, I'm not blaming them at all. And, in their position, I would have denied the claim as well.

The claims manager called me and said she was denying my claim because it was late. She said I could send her a letter requesting reconsideration.

My question is, is there anything I can do? I mean, is the "letter offer" just something they're required to provide, but they won't grant an appeal? I'm going to send in the letter, but do you think it's likely that they will still deny the claim?

I wish I still lived in CA when these things happen.
g: 0 Posted By: StartByServingOthers
Views: 1 Replies: 0 Some states have a no-fault tort that limits your rights to sue under certain circumstances. THe following pertains specifically to Kentucky, but some other states are similar:

In most instances the insurance company charges a higher rate if you "reject" the tort and retain your right to sue. (It also gives other people the right to sue you). However by accepting the tort you also are required to have some medical coverage on your policy. Really the overall price between these two options are pretty similar.

I assume the idea is that everyone benefits from not getting lawyers involved in small accidents. Anyways under the advice I've seen given here by SIS, I carry rather high under-insured and uninsured insurance. But despite how much I've researched this issue I'm not sure I entirely understand it.

Assuming I am in a moderate to bad accident:

Is there any benefit to having Rejected no-Fault? From what I understand No-Fault only limits my ability to sue for small amounts.

Is there any benefit to having the "medical coverage" on my policy?

I'll make another post showing my current coverages and information on the KY tort. I wasting my money rejecting the KY Tort? It looks like I would keep the ability to sue for serious accidents and also have medical coverage included for a lower price than I currently have?
Car Accident : How to deal with the other party's insurance?
Added on : Monday June 30th 2014 07:00:09 PM
g: 0 Posted By: ThriftGuy
Views: 92 Replies: 1 Hello FWF community,

I was rear ended by an SUV last weekend (Saturday - 6/28) and my Accord will most likely get totaled. There were no serious injuries, so the cops didn't file an accident report. The officer simply exchanged each others insurance information and gave me a blue form that I can complete and mail it to the state (TX). My car was towed to a Honda dealer. Same day, I've reported the incident to my insurance (Geico) and provided them with the other party's insurance (Old American Mutual Fire Insurance Co) info. Geico tried to reach them, but were closed over the weekend. Geico finally were able to talk to them today (Monday - 6/30) and the other insurance company, Empower (actual insurance provider) called me to get my statement. The agent said it would take at least 48 hours for them to send an appraiser to look at my car and so cannot get back to me until the beginning or mid of next week. Later, I looked up their reviews online and got terrified. I do not want to file a claim with my insurance but the other insurance has got the worst possible rating. Any one has any input on which way to go?

Unfortunately, I don't have rental coverage through my insurance and not sure if the other insurance would reimburse me even though the agent said they cover upto $30/day. Its already been 3 days without my car and been relying on friends and colleagues.

I would greatly appreciate if you can provide your valuable advise/input on how to handle this situation.


Discussion Deals
HSA Help - Dental Expense outside of employer
Added on : Monday June 30th 2014 01:00:08 PM
g: 0 Posted By: mikef07
Views: 79 Replies: 2 I have an my medical insurance through my employer and an HSA through my employer. I do not have dental through my employer. I have a dental expense tomorrow for my child (knucklehead chipped his tooth). Can I use my HSA Debit Card (through employer) to pay for any deductible even though my dental insurance was bought by me outside of my employer?


Question Deals
Added insurance premiums and I didnt have insurance
Added on : Monday June 30th 2014 09:00:07 AM
g: -3 Posted By: SamPanch
Views: 184 Replies: 4 When I first bought my car I had insurance and then I let my auto insurance expire and didn't cover it for a while. My bank hit me with excessive auto coverage amounts onto my loan. What is my best course of action to remove some of the penalties? I understand I'm at fault but the amount is crippling. Any thoughts on how to approach a bank would be greatly appreciated.

-Sam
Personal Finance Deals
g: 1 Posted By: diamente
Views: 98 Replies: 1 I have group health insurance and went for regular checkup. Everything including the lab should have been covered. A month later, I received a bill from Quest laboratory billing me at least $100. I called the doctor and was told to fax them the bill.

I went to a specialist and I made sure everything was covered before seeing her. A month later I got a bill for more than $100. Why is this? I used to have Kaiser and everything was simple. You pay a small deductible and do not receive a bill afterwards.


Personal Finance Deals
Guarantee Issue vs Fully Underwritten Disability
Added on : Sunday June 29th 2014 09:00:05 PM
g: 0 Posted By: BNizzle
Views: 49 Replies: 0 I'm currently shopping for long term individual disability insurance, and I've been presented with a dilemma. There are two identical policies which differ by guarantee issue vs medically underwritten, that have initial yearly costs that are the same. I'm healthy, and I'm fairly certain that nothing serious will turn up on the physical, but you never know. Is there any reason why I would not purchase the guarantee issue policy over the underwritten one? Are rates more prone to increase on the GI? I'd be interested to hear your thoughts.
Discussion Deals
g: 0 Posted By: View
Views: 28 Replies: 1 I have a 15 years old house built by a reputable builder. (It wasa model home when they were building this community.)
We had a hail in our area that lasted for about 10 minutes. After that the street was flooded with roofing contractors and it seemed like everyone is getting a new roof.
The problem is that I have a 10k deductible on my insurance thinking I'm only insuring for major disasters. I do plan to pay out of pocket(and have enough savings) to self-insure up to 10k if there is a real need for any repairs.

My wife is getting really nervous that everyone is replacing their roof so our roof "MUST have hail damages".
So I went up totake a look and it seemed like the asphalt shinglesall looked just fine everywhere. I even tried to poke a few of them with a screwdriver but they seem steady.

Since I have a 10k deductible, should I even bother getting the insurance involved?
Or could my home be "the only super home on the street" that does not have hail damage?
Am I wrong to carry a 10k deductible to save my insurance premiums? I did it for a reason because the insurance premiums have gone up by more than 100% in since 2008.

I would appreciate any feedbacks. Thanks.
Discussion Deals
g: 0 Posted By: MISTERCHEAP
Views: 136 Replies: 0 Pay $4 per month for LIPITOR if you currently have private ins. and pay up to $130 per month.
Register for free card at

www.getachoicecard.com
Health Deals
Car Accident, other party provided conflicting insurance information
Added on : Thursday June 26th 2014 02:00:07 PM
g: 0 Posted By: WindTurbineGuy
Views: 86 Replies: 0 So there's a long story to this that's probably for another thread, but I really only have one major question regarding the situation. So my Mother was using my old car which I've been covering the insurance for until she could begin paying for it herself and was in an accident with another guy(personally feel like the other guy was at fault due to speeding and being distracted by something like a cellphone but my insurance company says neither can be proven and it's been determined that my mother was 70% at fault). Anyways, the two swapped insurance info and the cop present said he couldn't write up a police report on the accident and to just let the insurance companies handle everything. What gets fishy is the guy supplied differing insurance information from the insurance company that contacted my insurance company. Is it even legal to do this? And also, not a single adjuster has come out to see or inspect the car's damage or the area that the accident happened in. Insurance company is USAA if anyone's experienced a similar situation with them and has any advice on it.
New User Question Deals
Lender is demanding a low deductible on Homeowners Insurance
Added on : Thursday June 26th 2014 10:00:06 AM
g: 1 Posted By: msjeanice
Views: 188 Replies: 10 My lender is saying that my deductible has to be $800 or less. How do they come up with this number... any way I have called many - many insurance companies and none of them go below a 1,000. I told my lender this and then they suggested a local insurance company and said these guys do. So now in order for my deal to go through I have to use this specific insurance agency - and on top of that when I called the new insurance company they said well most places won't start a new homeowners policy without covering the auto too.. I feel like I am being railroaded into using a certain insurance company - unless I want to kill my closing which is in its final stages... like less than five days away. Any body else getting a demand for lower deductible?
Personal Finance Deals
Medical liability of sponsor of visitor visa
Added on : Wednesday June 25th 2014 07:00:09 AM
g: 0 Posted By: Veeekay
Views: 51 Replies: 0 One of the contractors I work with is on a work permit (H1) and is in the US for the past 6 months. Approx a month ago his inlaws were visting him on his invitation and he providing documentation to the State dept that he would provide financial support to them during their visit to get their visitor's visa (standard procedure).

A couple of days into the visit his MIL started to throw up and a day later she had jaundice (yellow eyes). He took her to the emergency room because she was so dehydrated. Emergency room checked her out, but ruled out Hepatitis virus. After a few rounds of diagnosis, the doctors confirmed that she had stage 4 cancer of the liver. At this point, his inlaws just want to get her to a point that she can travel back to the home country to start treatment, which the hospitals here did. His inlaws used their travel/visitor's health insurance, but provided his address as the mailing address.

Now bills are being sent to his address for the ones over the limit of what the travel insurance would cover. Speaking to travel insurance he gathered that there is over $50K of outstanding bills (so far) but don't know how much is over the limit. He does not know how to proceed. On one hand because he sponsored them, he feels obligated to pay the amount not covered by insurance. However, he fears that it may be many times over his savings. He does not want to pay part of it, because he's concerned that if this gets sent to collections (for the rest of the amount), somehow collections would make him responsible because he paid part of it.

Does anyone know what his liability is?
Unclaimed Life Insurance?
Added on : Tuesday June 24th 2014 09:00:06 PM
g: 0 Posted By: CharlotteKey
Views: 57 Replies: 0 I want to know more about unclaimed life insurance policies, firstly I want to know what happens to a life insurance when someone dies. What should I do if I believe that me or someone in my family may have unclaimed life benefits?
Question Deals
Should I take the money?
Added on : Tuesday June 24th 2014 09:00:09 AM
g: 0 Posted By: bvue
Views: 218 Replies: 5 2 weeks ago my 2 year old son, husband and I got rear ended while stopped on a red light. It was definitely the other driver's fault. I would say she must have been going 25-30 mph and was not paying attention. She had no insurance so the police got involved and her car was towed. (We live in Minnesota if that matters.)

Now, since the other driver has no insurance, we are responsible for paying the deductible to fix our vehicle and the damages assessed were about $1100. Our bumper and the exhaust got damaged in the accident. The other drivers grill actually fell off her car during the impact. The deductible is $250 and will be reimbursed to us. Our insurance company has offered us $500 for "pain and suffering" and to sign a release. My husband sustained some whiplash side effects and went to the ER a couple hours after the accident. The doctor prescribed him 600mg ibuprofen and told him to take it easy. I felt fine and did not feel much soreness, but I think that is due to the fact that my husband braced himself against the steering wheel. Our insurance company is paying for the medical expenses.

The other factors are that my husband does not have a job and is currently on unemployment. I work, but our income together barely covers the bills and groceries. My husband still complains of a sore neck and back and restless sleep. My son seems fine as he was strapped securely in his carseat. My husband was not able to actively look for work due to not having a car, such as attending employment workshops and inability to schedule interviews during the time that our car was in the shop.

I did not miss work because I couldn't afford to, but was inconvenienced by using my break time to send the car to the shop. My insurance did not cover for a rental. I have had to hitch a ride with a friend to work. I don't have enough money to pay for the $250 deductible and to wait for the money to be reimbursed at a later date which has not been determined, yet.

My question is, does $500 seem like a very low offer or should I pursue for more? I am tempted to take the $500 because I need the money to pay the deductible but I can try and borrow the money somewhere else if it's likely that I can get more. I am not trying to get rich but I don't feel that $500 is fair considering my husband's distress over being hurt and unable to proactively find a job. In this situation, what would be a good amount? How would I address this to the insurance company that I think we deserve more?

Thank you for your time.
Personal Finance Deals
High deductible insurance with HSA + Spouse situation
Added on : Monday June 23rd 2014 04:00:09 PM
g: 0 Posted By: geauxtigers777
Views: 92 Replies: 1 A question about high deductible health insurance and HSA:
I am starting a new job where the high deductible health inusance and HSA appears to be my best option. Here is the issue. My wife is currently on a traditional health care plan that will end on July 31st. She will then restart a new traditional healthcare plan at the end of August. I am looking to add her to my new high deductible insurance for the interim time period in which she is not covered (it is only $30 extra per month through my employer, and I would be able to take her off in January effectively being a $210 insurance policy to protect us for her month of not being covered). My questions:
1. Will there be any tax implications for her being technically enrolled in both a HDHI with a HSA and a traditional insurance policy at the same time?
2. Will this increase my chances of my tax returns being audited (married filing jointly)?
3. What is the general consensus recommendation?


Thanks
New User Question Deals
Should you have insurance on vacant land?
Added on : Monday June 23rd 2014 01:00:07 PM
g: 0 Posted By: atikovi
Views: 106 Replies: 3 You get homeowners liability insurance for your house in case someone trips and falls on the sidewalk or a kid climbs your tree and falls. Do you need the same for an empty lot or vacant land?
Question Deals
Death of Spouse, whats next?
Added on : Sunday June 22nd 2014 07:00:08 PM
g: 0 Posted By: whyhello
Views: 101 Replies: 1 Hello all-

A friend of mine has passed away, and now there have been a few questions arisen.
They were married. Man and woman. Man has passed away. Any insight information will be appreciated.
There is no will. There is no power of attorney.

Mortgage?
Under both names, husband death, widow does not work. (Contacting mortgage company to see if there was any insurance to cover the rest of the loan.)

Credit Cards? (Widow may be just an authorized user.)
Under both names, husband death. Widow liable?

Husband business?
Under husband only, husband death. Assets go to widow?

Medical Bills?
Under husband only, husband death. Widow liable?

Husbands assets - such as car, jewelry, etc?
All goes to widow?



What about for the kids of the dead spouse?

Are there any benefits in this matter?

Social Security benefits?

Kind Regards. Thanks
Discussion Deals
2015 Insurance price hikes - post yours here
Added on : Sunday June 22nd 2014 07:00:06 AM
g: 0 Posted By: xerty
Views: 312 Replies: 6 Depending on your state, you may have or will soon be getting a letter informing you of the coming changes to your 2015 insurance premiums under ACA. Please post yours premium change and your state if you're willing to share. I guess all those insurance company bailouts (via the HHS general budget) must not be kicking in yet, because they're planning to increase mine a fair bit:

+20% NY

So much for efficiency and cost savings.
Discussion Deals
2015 Obamacare price hikes - post yours here
Added on : Sunday June 22nd 2014 06:00:08 AM
g: 0 Posted By: xerty
Views: 188 Replies: 4 Depending on your state, you may have or will soon be getting a letter informing you of the coming changes to your 2015 insurance premiums under ACA. Please post yours premium change and your state if you're willing to share. I guess all those insurance company bailouts (via the HHS general budget) must not be kicking in yet, because they're planning to increase mine a fair bit:

+20% NY

So much for efficiency and cost savings.
Discussion Deals
Penfed 5/5 ARM Closing Cost Help
Added on : Sunday June 22nd 2014 04:00:08 AM
g: 0 Posted By: SiltyKinect
Views: 114 Replies: 0 I am in the process of closing a home in Montgomery County, Maryland and trying to see if I can benefit from 10,000 closing cost.
Couple of Questions:
Assuming a purchase price of 550000 and 20% down I have received the following Cost Illustration from wells Fargo and Penfed Online calculator.

Can anyone with experience on this let me know which one is more accurate?

Also will I get the full benefit of 10,000 from Penfed for this loan amount?

Wells Fargo estimates 17,000 and Penfed estimates 11,000 which I think is wrong.

Wells Fargo APPROXIMATE COST OF CLOSING FEES


OUR ORIGINATION CHARGE 895.00
CREDIT OR CHARGE (POINTS) FOR THE SPECIFIC INTEREST RATE CHOSEN* 0.00
CREDIT REPORT(S) 11.66
APPRAISAL(S) 635.00
TAX SERVICE FEE 70.00
FLOOD LIFE OF LOAN FEE 19.00
ABSTRACT OR TITLE SEARCH 175.00
TITLE EXAM/ATTYS OPINION 400.00
TITLE INS-LENDER COVERAGE 1,360.80
TITLE INS-OWNERS COVERAGE 850.50
CLOSING/ESCROW/SETTLEMENT 300.00
ENDORSEMENT TO TITLE-ALL 100.72
RECORDING FEE - MRTG/DOT 60.00
RECORDING FEE - DEED 60.00
CITY/CNTY TAX STAMP-DEED 5,670.00
STATE TAX STAMP - DEED 6,610.00
SURVEY 340.00
PEST INSPECTION 125.00
COURIER/MSNGR-3RD PARTY 100.00
Total 17,782.68

Penfed's Closing Fees

PenFed's origination charge $65.00
Your charge for this interest rate $0.00
Required services we select $432.50
Appraisal Fee $350.00
Credit Report$ 16.50
Flood Certification Fee $7.00
Tax Service Fee $59.00
Title services and lender's title insurance $2,112.00
Owner's title insurance $2,008.50
Government recording charges $175.00
Transfer taxes $6,350.00
Total Estimated Settlement Charges $11,143.00

Let me know if you need any further info.
Real Estate Deals
90 Days worth of Insurance
Added on : Saturday June 21st 2014 01:00:06 PM
g: 0 Posted By: Table83
Views: 90 Replies: 2 I just got a new job. Old employer is in Washington. New employer in Oregon. (Both in the Portland area.) Family of 5. Wife, 4 yo son, 2 yo daughter, 6 mo dauaghter. All in good health and none of us have ever had major health issues.

My current employer is too small to offer COBRA plans. Frankly I'm not sure what a COBRA plan is exactly anyway. They offered to let me pay the whole premium until my new insurance kicks in after 90 days which would be just shy of $1200/mo. I'll be making $45k and there is no way that is going to be able to happen.

I do know that I need to look at the health exchange. But wanted to ask some general advice before I start really digging into this.

1) Could I get the Obama-care fine for not having insurance for 90 days?
2) Would you risk going without insurance for 90 days?
3) Are there special plans for these types of situations that I should look for? What keywords should I keep my eyes open for?
4) Any other recommendations?
Personal Finance Deals
How much of net worth should go into primary house
Added on : Friday June 20th 2014 01:00:05 PM
g: -1 Posted By: David415
Views: 169 Replies: 2 Hi Guys,

Just wanted to see what people's opinions are on this topic. Some background first. I live in the San Francisco Bay Area where house prices are expensive. My wife and I make combined 250k/yr. Me and my wife are in our mid-late thirties.

Here's my general situation:

200k cash savings
825k stocks
580k retirement accounts
250k investment condo with a 250k mortgage (I exactly breakeven on this condo each year. so don't really need to figure this in really)
890k primary house with a 500k mortgage
No other debts
Assume no inheritance money in future

I'm thinking of upgrading to a bigger house and renting out my current one. I believe I can rent out my current house and it will cover all expenses such as mortgage, insurance, taxes. Here is where I would like to see what you guys would do. The house I'd like to move into is 1.5M. If I got a house like that I would be happy staying there forever, but a big chunk of our monthly income would go towards mortgage. We could do it but probably would have very little to invest in other things. Or I can buy a slightly smaller house at around 1.3M or just stay in my current house a little longer like 3 years and then buy when I've saved a little more.

To me I think a house is a relatively safe investment over the long term. Since I plan to live here for a long time I don't see it as much risk at all and it might be good to just get the house you want early and enjoy it for a very long time.

What do you think?
New User Question Deals
House Fire (structure coverage denied)
Added on : Wednesday June 18th 2014 07:00:08 AM
g: 0 Posted By: Truck78
Views: 1 Replies: 0 Ok. So I am learning a lesson the hard way (review your policy often)....anyways.

Recently I had a house fire that began by a family member of mine in my home that I was no longer living in. This family member lives "bare minimum" and was using the home most days of the week and taking care of the property. I don't think the family member makes a difference anyways as you read the reason for denial. The fire was ruled accidental. The house has an equity line of credit on it but the insurance did NOT reflect the bank as a lien holder.

Fast forward six weeks after the fire....I get an email from the senior adjuster APPROVING my entire claim. Mind you, I was upfront about me NOT living in the home at the time of the fire. In fact I had moved out to a different part of town about a year prior (the home was thus for sale) which was explained to the insurance company. Anyways....the very next day after the approval email I get an email saying the claim has been sent to the "legal team" and thus they are still investigating. After another several weeks I finally get the denial call (with a followup email and letter).

The personal property (appliances, that we still there) was approved. A check was issued for that (not cashed yet). The structural damage was denied stating the reason "Insured was no longer residing at insured location".

I have spoken with two "insurance only" attorneys here and both stated the case is weak since I indeed did not live at the premises. I understand that but I stated that to the insurance company right away. I am looking at this as a "Hey even you guys can't interpret your own policy correctly".

Anyway....My point is since they initially approved my claim then later denied it without anything new coming to light do I have a case if a jury heard it? Any other advice?

Important take away:

1. I was the named insured but not living at the insured premises
2. Have a mortgage but bank was NOT on the insurance (don't know how that happened)
3. Claim entirely approved (structure and personal property) then later structure damage denied but personal property approved
4. I believe the insurance company had this claim as a total loss (but they never confirmed that)

I am pessimistic about the outcome.... so here I am asking for your thoughts....or insults ( i.e. "you're an idiot" )

Thanks
Any real benefit to HRA over FSA?
Added on : Wednesday June 18th 2014 04:00:11 AM
g: 0 Posted By: NonReturnable
Views: 0 Replies: 0 My employer has 3 options for health insurance.

3. No frills, no HRA
2. $1000 HRA, but costs you $1000 more a year over option 3.
1. $2500 HRA, costs you $2500 more a year over option 3.

I have option 2. I also pay $500 into an FSA to help cover some of my wifes prescription drugs over the year.

As of right now, my FSA has been emptied. I have $1500 in my HRA.

I had a root canal done yesterday. Turns out, even though the IRS says HRAs can be used to pay for dental, my companies HRA will not. I do not know why they made that decision. I also can not move money from my HRA to my FSA.

Is there any advantage of an HRA, over an FSA? Or, next year, should I just go with the cheaper option, and put an extra $1000 into my FSA myself, this way I'm not limited on what I can use the money for (as long as its medical related)?

Looking through what my company deems I can use the HRA money for, its really trimmed down compared to what the IRS says I can use HRA for. Eg, I also can't use it for paying for a gym membership (my doctor said she would write me a letter for it) even though the IRS says that's ok.

Only advantage I can think of is my company prefunds my HRA. But, I have a pretty even spend over the year, so its not a big deal to me.

Very frustrated right now that I have this money sitting in this HRA account, but I have to pay for a root canal and cap out of my own pocket.

I've discussed this with HR, and they say "well, we fund that HRA for you! We're giving you money!" No your not, I still have to pay an extra $1000 over the course of a year for it, so its not free at all.
House Insurance Claim - Depreciation ?
Added on : Tuesday June 17th 2014 02:00:05 PM
g: 0 Posted By: rwbuck
Views: 0 Replies: 0 Had a major hail storm hit last month. Insurance adjuster has given me a scope of work and afirst check.As it is too latein the day to talk to my agent, I have a question for the fatwallet community. Some of the items they covered, I don't care to replace. Such as themetal roof on the wood shed. No one can seethe hail dings on the roof and it doesn't leak. The adjuster put a replacement cost of the roof at $84,depreciationof $3 andan actual cash value of $81. IfI don't replace the roof, what do I need to do. Do I need to return the $81 they included in the original check? I have other items that I don't want to replace... such as a garage door. They already gave me 1/2 the $800 replacement costs. The hail dings blend in well with all the basketball dings that were already there and if I replace the door it will just get marked up again. Not sure what is proper procedure. Thank you.
Rammed my rental truck into a bridge, need play tips for the game
Added on : Monday June 16th 2014 02:00:08 PM
g: 0 Posted By: mail6234
Views: 50 Replies: 2 Sooooo....

Walked into a truck rental location earlier this month and said "give me your finest dock height rental truck." They said, no problem sir. Would you like the insurance? Why certainly darling. "Full insurance?" But of course! Out I went on my merry way and ran the truck into a bridge necessitating a new roof, left rail and some uprights in the cab portion. I knew my insurance didn't cover it, and I only use a standard Visa so neither would cover that. But alas, I had FULL INSURANCE.

WRONG, SO WRONG. The number of exclusions afterwords was mind boggling. Not covered "theft, tire damage, rim damage, overhead damage, damage by way of negligence etc etc" In fact I'm struggling to come up with many possible covered events at all. Anyways I had a conversation (which I recorded) when returning because I figured hey here comes the back peddling and the store manager straight up admitted they used the terms "full insurance" to generate insurance sales and basically said "we'll work with you." Now I'm not new to this act so I know that means jack squat. Further more going through things I realized I had signed up for "roadside assistance" when I never even asked for such a thing. The whole thing was total sleeeeze.

I got a call today and they're starting out at $7000. They didn't shop the rate around so I asked for the cab VIN number and what the quote included as far as parts so that I can shop it around. I get the feeling that number may drop to around $5000. But still. I'm awful salty about this. Sure it comes down to "read the contract" but when you ask to be fully insured and then someone basically just tells you that's a load of dog shit and then acts like its no big deal I'm not exactly pleased by this conduct.

So I contact a lawyer to see where I stood on something like this and it was more or less "well... not good." Contractual law is much stronger than consumer protection laws and it would be an uphill battle. The lawyer offered to take it at a flat fee $2500. Attorney's fees would be recoverable but only if I was victorious, and I highly doubt I'd be a clear victor.

I'm wondering if anyone has even been through this so I can get a playbook for this. I've seen a couple posts about this and someone else did mention they started at $7000 and settled for $2000. Given the cost of a lawyer is more than that, it seems my best play if I can get them to settle. Otherwise wondering if anyone that has an actual legal background has advice.

My advice BTW is to USE PENSKE from now on. I used a Penske truck afterwords and confirmed with them that they DO cover overhead damage and the truck I had was FANTASTIC. It got better gas mileage I think than the truck I park in my garage. Any help is appreciated.

Also obligatory I AM AN IDIOT
New User Question Deals
Advice - Got rear ended what steps do I need to take?
Added on : Monday June 16th 2014 05:00:15 AM
g: 0 Posted By: phil4444
Views: 97 Replies: 5 I know this has been talked about before but my head is spinning right now and i dont want to do something stupid (which I am well known for )

On the way to work, got rear ended. Driver has insurance (State Farm).

My Car - 2004 Mazda 6, 109,000 miles

Damage is fairly minor - scratched and dislodged rear bumper, trunk wont open now. cracked the front wind shield. There is a piece of something that is jarred loose and is hitting my rear tire when I drive. Check engine light is one now. Pics are coming...

I am in the state of ohio. Right now I don't think I am injured other than a sore back and slight head ache.


State farm is supposed to be sending an adjuster out today or tomorrow to look at my car.

Thoughts? Advice?

TYIA!


Personal Finance Deals
Is Buying A Condo Ever a Good Idea? When?
Added on : Sunday June 15th 2014 06:00:08 PM
g: 0 Posted By: robronson
Views: 16 Replies: 0 We know that in general, buying a condo is a terrible idea. a few highlight bullet points:

1) HOA restrictions. Keep you from doing what you want. It's like having a second government. Or mother.
2) HOA Special Assessments. HOA gets to decide when you need to drop an extra $20k on Project X.
3) HOA Lawsuits. HOA gets sued for doing something stupid. You foot the bill for the amount that exceeds their insurance.
4) Restrictions on renting. By the HOA.
5) Inability to sell, if too many units are not owner-occupied because no bank will issue a mortgage to the person who wants to buy your unit.
6) HOA requiring you to buy something you may not want. Like a community pool. Or monthly cable TV.

I don't mean for this to be a Condo-bashing thread. I'm citing the common issues that I've read on FWF against condo ownership. I started this thread to explore the possibility that in limited circumstances, buying a condo may be a good thing. In nearly all cases, buying a timeshare is a terrible idea. But I'm sure there's limited circumstances an FWFer could exploit the deal.

Tell me, FWF, when does buying a condo make sense?
g: 0 Posted By: DizzyT71
Views: 209 Replies: 0 Mini In The Box has the Mini Microfiber Glasses Eyeglasses Cleaner Cleaning Clip (Random Color)on sale for $0.79 with free shipping.

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Health & Beauty Deals

MiniInTheBox Coupons
Thoughts on how much coverage for uninsured drivers
Added on : Wednesday June 11th 2014 07:00:31 AM
g: 0 Posted By: CPAESQ
Views: 24 Replies: 0 I was adding an umbrella policy, and I had to up my auto insurance from 100/300 to 150/500 (something like that)

However, I was looking at the uninsured / underinsured driver section of my policy and it was 25/50 This seemed a bit light

I doubled it to 50/100 I could go higher.. but wanted to see what the group thinks
Personal Finance Deals
Help Deciding between Mortgage Options
Added on : Tuesday June 10th 2014 06:00:06 PM
g: 0 Posted By: JayPC
Views: 118 Replies: 0 Hi FWers,

Here's my situation. I have been shopping around for mortgage loan for a new construction condo:

Loan 1: 10% down. Bank is ready to finance 90% at 3% interest rate with 0.5% PMI. It will be a 7/1 ARM with 30 years amortization. Around 3500 closing fees (not including taxes and home owners insurance which will be same across all loans).

Loan 2: 10% Down. Broker quoted for 80/10/10 piggybank loan with first mortgage at 3.25% (30 years) and second mortgage for 5.25%. Around 4000 closing cost.

Please help me in deciding which loan will be better. I am planning to stay in this house for about 7-10 years.Any suggestions?
Question Deals
Homeowner's Insurance - ACV versus Replacement Cost - experiences?
Added on : Tuesday June 10th 2014 09:00:13 AM
g: 0 Posted By: solarUS
Views: 98 Replies: 2 I am looking to get some new HO policies for some rental property and the broker is offering 2 types - Actual Cash Value (ACV) where the adjusters will depreciate everything, and Replacement Cost - where, yknow, you get the replacement cost. I was wondering if any members have some anecdotal evidence of ACV being really undesirable, because for these houses, the cost savings are significant. I am getting substantial deductibles (10K) on them, because i have no intention of filing claimsfor any piddly amounts - this is strictly catastrophic coverage - fire, tree fall, tornado, whatever. (flood is separate)

So, has anyone had to fight an insurer to get a reasonable claim payment for an ACV policy? In my head, i see them essentially doing an appraisal of the house after the fact, or if only partial damage, then estimating value based on whatever data they have available....but i'm just spitballing.
Personal Finance Deals
Health insurance issue
Added on : Monday June 09th 2014 12:00:15 PM
g: 0 Posted By: soonerbrink
Views: 78 Replies: 1 Anyone had to pay more because of two insurance plans?

I have two insurance plans. Primary paid the plan amount. Secondary insurance said the primary insurance paid more than the plan allowance of secondary so secondary didn't pay anything. Secondary also told me I don't owe anything because the primary paid over secondary max allowance.

I keep getting bills and I call and tell them I don't owe anything and refer them to the secondary insurance companies comments.

When I called the secondary insurance comapny this time they put me on hold while they called the provider. Secondary insurance came back and said I owe 700 dollars that I was billed because that's how it works in this state."

I asked, "So if I would have dropped the other insurance and quit paying the premium on the other insurance I would owe nothing, but because I paid the premium now I owe 700 dollars." The response was "Yes, that's how it works."

What makes it more ironic is if I only had one insurance, the provider would get paid 500 and I would be out of pocket nothing.
Because we have the other insurance, the provider gets 2000, and now they want me to pay 700.

Thought I would ask for advice before I spend hours reading the fine print of the policies.

Thanks for your comments!
Question Deals
Health Insurance - HSA vs Non-HSA
Added on : Monday June 09th 2014 08:00:14 AM
g: 0 Posted By: tinsun289
Views: 37 Replies: 1 Hello..I would appreciate some advice on the health insurance plans for myself. I am little confused as which plan to prefer. Any suggestions are greatly appreciated. Here is my scenario.

My employer used to have regular PPO plan with high premium ($270) and low deductible ($500). He now says that due to Obama care the price has changed for this plan, the premium is now $350 with $500 deductible. Max out of pocket for this is $2250 annually with 10% coinsurance for most of them.

He is saying he has introduced a new Low premium ($285) with high deductible($1500) which is eligible for HSA account which is pre-tax contribution. Max out of pocket for this is $6350 annually with 20% coinsurance for most of them.

As for my doctor visits go, I visit once in 2-3 months. This year I had to get xrays and some physical therapy sessions. Other than that I usually get physicals done once a year.


Personal Finance Deals
How to deal with this insurance claim?
Added on : Monday June 09th 2014 06:00:07 AM
g: 0 Posted By: kubakj
Views: 0 Replies: 0 I am in the insurance claim loop now and looking for some idea how to proceed. I have a condo insured thru Allstate. Condo by-laws require to insure anything inside the apartment. Building has a building wise insurance as well to cover common elements. In January there was huge leak in the building from few floors above during the night into my living room as I was sleeping in the bedroom, so water was dripping like crazy whole night. As a result many my personal items was destroyed/damaged as well as portion of wood floor was damaged and ceiling as well. This leak initiated from one of the condo member and they quick announced that no one made a negligence and we should just ask our insurance for payment. Of course I was pissed as I have $1k deductible and Allstate DENIED reimbursement for my floors and ceiling (two major expenses) damages. I have to change sheet rock for my entire ceiling and few sq^2 of wood floor needs to be replaced. Allstate stated that bylaws says any casualty in the building like that should be covered by building insurance. I asked building management to initiate claim with building insurance, but their agent calls me and says that my responsibility, as others have been paid by their insurances for all damages and I should go back to allstate. I asked him to anything in writing, nothing. After few months now I asked ALL parties to either get paid or denied for the damages and provide in writing why. Building insurance agent is not responding to any phone calls, management and condo board just talked to him and he assured them that will take care of it with Allstate. Building insurance didn't even start any claim and their agent's secretary ALWAYS says he is not available and HE will call me back, but never does.

So now I have damaged floor and ceiling with not my fault and no one wants to talk to me. I didn't go to any lawyer for advice yet, as I don't have much free time for that, but now I am ready to take some action.

Any suggestion how I should deal with it? Also I think I should be responsible for my deductible if leak came from other unit. Its either that tenant should pay for it or HOA for not protecting building system from freezing.

I am just afraid now that in case there was fire or something worse, I will be left with nothing.

NYC condo location.
g: 0 Posted By: hellokitty27
Views: 194 Replies: 0 LightintheBox
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Home & Garden Deals
How to "maximize" closing costs in a full cash house purchase
Added on : Friday June 06th 2014 07:00:03 PM
g: 0 Posted By: lutgaya
Views: 37 Replies: 2 I'm buying a house and working with a realtor who Agreed to share The Commission with me At closing. This commission can be applied toward the closing costs to minimize the complexity. Problem is that I decided to buy the house in cash and there are negligible closing costs. What kind of costs I can add toward closing other than home insurance and may be home warranty to maximize my commission credits?
Personal Finance Deals
Selling first house, had some questions about fees
Added on : Wednesday June 04th 2014 02:00:10 PM
g: 0 Posted By: Al3xK
Views: 73 Replies: 5 So my family really wants me to use their Cent21 agent, who is smart/good, but I had some questions on the fees and was curious if these are typical or unusual. The house is going to list for ~$230k and was built in ~1920 in Indiana. Their fee estimate shows a $219k sale sample. 7% is the typical "rate" for selling a house.

Sale price $219k

Listing brokerage fee: $7665

3.5%

Selling brokerage fee: $7665

3.5%

Broker Commission fee: $179
Owner title policy: $603

Is this mandatory or recommended? I thought the buyers buy a policy and I have my title insurance policy from when I bought it.

Deed & Affidavit: $60
Search & Exam Fee: $280
Prorated taxes: $2600

Property taxes for the year are $1940 so is this just a high guess and I would receive money back?

TIEFF: $5
Wire Fee: $25
Overnight courier fee: $50

I'm in Arizona so this seems high but ok

Home warranty: $420
Miscellaneous: $100

Huh?


Total deductions: $19652
Estimated net to seller: $199,348

This puts my effective rate at like 8.97%. Are these numbers typical?
Question Deals
Homeowners Insurance - CLUE Report
Added on : Wednesday June 04th 2014 01:00:11 PM
g: 0 Posted By: master44
Views: 75 Replies: 1 In 2011 we had a basement pipe burst from freezing outside temps while out of town on vacation; The people watching our house turned off the water, but described what seemed to be a mess. While out of town we contacted our home insurance to see how to proceed; It just happens that the cold temps hit lots of people at the same time and the insurance company was unsuccessful in getting a remediation company out. We cut our trip short and returned home to find that the water in the basement receded and didn't do nearly as much damage as we feared. It cost me maybe $500 to fix things and given our insurance deductible was $1000 we called the insurance company and told them there was no claim.

Fast forward a couple of years, we have seen our home insurance premiums increase 25-30% per year since 2011. With the first 2 increases we called and were told it was due to statewide increases and our house getting older, which sucked, but made sense. This year again we got a 30% increase so I started shopping around only to find quoted premiums are really high, i.e. in 2011 we paid ~$700 and now in 2014 we are paying $1750 and new quotes are coming in at $3900+/-.

I inquired why and was told by one company it was due to our claim in 2011 that shows up on CLUE as a $0 claim, but was still considered and treated as a recent claim. The problem I have is there was no claim ever filed, I only called to get guidance on how to do things right when being out of town so I can make sure I am covered by insurance if needed. Long story short, I called the Insurance company I had in 2011 and asked them to remove the CLUE entry and was told that it isn't possible, the best they were able to do is send me a "Letter of Loss" basically saying they made a claim that was cancelled by me without any action taken on their part.

Question is can I do anything about this? I am now looking at paying really high premiums likely because I spoke to the insurance company about remediation for potential damage. If not, maybe this will serve as a warning not to call insurance unless you are really sure you will use them.

Thanks!
Question Deals
A way dental insurance makes sense: not requiring a wait period
Added on : Tuesday June 03rd 2014 07:00:08 AM
g: 0 Posted By: Gauss44
Views: 81 Replies: 2 I'm doing some research to figure out if all individual dental insurance policies, as oppose to group policies (that require working for a certain employer), require new subscribers to wait some number of months before their coverage begins. I will post results as I get them.

Delta Dental - Requires a wait period
BCBS - Has no individual plan (only plans through employers)

(The significance is that no wait period means, I think it means, you can just buy the insurance before heading to the dentist if and when it's needed.)
Discussion Deals
Strategy on buying 2 homes
Added on : Thursday May 29th 2014 02:00:07 PM
g: 0 Posted By: dxulab
Views: 253 Replies: 10 Currently I'm renting an apartment. I have $250k cash. Initially I wanted to buy a new construction with all of the cash. But I just saw a 2010 home for sale for ~$200k. I'm thinking to buy this home with $200k cash and rent it out. Use the remaining $50k cash as 20% down payment for the new construction, get a 30-yr loan, and hope that the rental income will pay for the mortgage of the second home, which will be my primary residence.

Zillow calculator tells me the monthly mortgage payment (including tax/insurance/HOA) is ~$1300 and I think the 1st home will generate similar amount of rent, so ideally they will break even. My job is relatively stable with ~$3600 monthly income. I want to pay off the 1st home because I want to avoid 2 mortgages and keep things simpler. What do you guys think of this plan? Any potential risks? What are the tax implications? Any suggestions and comments are highly appreciated.

Real Estate Deals
asset protection from medical malpractice
Added on : Thursday May 29th 2014 08:00:11 AM
g: 0 Posted By: fdrjs
Views: 124 Replies: 3 I practice medicine in FL. My wife and I own several properties. Cap for tort cases were just recently removed in FL. I worry that our properties are exposed in case the award is greater than my malpractice insurance coverage (typically $250,000). I am not worried about tenants suing as much because of our umbrella insurance.

Options:
1. put a total of 3 rental properties in a LLC. Will a LLC prevents plaintiff from going after the properties if the award isgreater than my malpractice insurance coverage?
I am aware of serial LLCs but cost of maintaining and organizing is higher.
2. will putting all properties under my wife's name work?

Any advice is greatly appreciated.
Financial Implications of UberX
Added on : Wednesday May 28th 2014 08:00:05 PM
g: 0 Posted By: BigManonCampus
Views: 56 Replies: 3 I know this idea has partially been discussed here:http://www.fullofdeals.com/forums/finance/1337560/ but I wanted to go into a bit more detail and go with a slightly better thought out "business plan" for UberX driving. I recently finished my MBA and so I suddenly have what feels like a ton of free time at night and on weekends. There are the obvious FWF solutions of how to spend this time (H&B, etc.) but it seems like some amount of this time could be spent making more money and getting me out of the house. I had an idea today to start driving for UberX a couple nights a week (I'm thinking a weekday night and a weekend night) and how it could potentially be profitable.

My current vehicle is a pickup truck, so I'd have to obtain a second vehicle for Uber driving. Their requirements are <10 years old, clean title (not salvage/rebuilt), "excellent cosmetic and mechanical condition" (frighteningly vague) and 4 doors. A bit of basic craigslist/autotrader browsing suggests I can get a suitable 4 door vehicle with ~100k miles on it that is exceptionally unpopular (Suzuki Forenza/Verona, Chrysler Sebring/PT Cruiser, Chevy HHR, etc.) for around $3,500-5k. Alternatively, there are some nicer options (Lexis IS250, Cadillac CTS/Deville) in the $7-9k range. The hope would be that I could essentially drive these cars around 20k miles and do little maintenance beyond oil changes and treat this car as my UberX whipping boy then just sell them for roughly I have in them (alternatively, if something serious breaks or the car is totaled, consider it a capital loss and see what I can get for scrap, I'm cool with this risk).

So, here's my math:
Shift Mileage $ from Mileage $ from Time (Assuming 80% time/mile ratio) $ from Base fares (assuming 5 mi/ride*$2) Total Gross Earnings Uber's Cut Gas Cost @ 25 mpg @ $3.7/gal IRS Mileage Deduction (.56/mi) Taxable Amt Tax Burden ( assumed @30%) Net Earnings 20 28 22.4 8 58.4 11.68 2.96 15.82 30.9 9.27 21.63 40 56 44.8 16 116.8 23.36 5.92 31.64 61.8 18.54 43.26 60 84 67.2 24 175.2 35.04 8.88 47.46 92.7 27.81 64.89 80 112 89.6 32 233.6 46.72 11.84 63.28 123.6 37.08 86.52 100 140 112 40 292 58.4 14.8 79.1 154.5 46.35 108.15 120 168 134.4 48 350.4 70.08 17.76 94.92 185.4 55.62 129.78 140 196 156.8 56 408.8 81.76 20.72 110.74 216.3 64.89 151.41 160 224 179.2 64 467.2 93.44 23.68 126.56 247.2 74.16 173.04 180 252 201.6 72 525.6 105.12 26.64 142.38 278.1 83.43 194.67 200 280 224 80 584 116.8 29.6 158.2 309 92.7 216.3
Here's my explanation of my assumptions/numbers
Shift Mileage: Assumed mileage driven with a paying passenger

Income:
$ from Mileage: Assumed mileage x mileage rate
$ from Time: I took my last twenty UberX trips and the average Mileage $/Time $ was around .8, so I just multiplied $/Mile * .8
$ from Base Fare: Obviously this is highly dependent on number of trips. I punted on this one and assumed each trip was 5 miles, so every 5 miles I make $2/base fare.
(Not Calculated): Any weekend night I don't spend partying in bars, I don't spend money on drinks/rides home.

Deductions:
Uber's Cut: 20%. I would probably also drive for Lyft as well, in my travels, I've seen many drivers do both UberX and Lyft at the same time, but I'm assuming whomever I'm driving for, that's commission.
Gas: My assumptions per mile
Taxes: Assume 30% for taxes and 56.5 cents per mile deducted.

The obvious things ignored here are miles with no earnings going to pick somebody up (to which I have no idea how to calculate) and insurance costs. I assume my insurance costs will be minimal because it'll be a second car on my current single driver policy and carry liability only insurance. If I have a $3,500 car that is only the UberX whipping car and I total the thing, I assume my insurance and Uber's $1 million liability will pick up the liability, and I'll just get rid of the wrecked car and decide that UberX wasn't worth it.

I'm assuming that using a normal distribution with the above numbers and assuming 60-120 paid miles, I'll average $100/night (I suspect it would be more like $50/weeknight, $150/weekend night) Whether this is realistic or not, I don't have a good way to determine, Uber's community managers swear that everybody gets $1000+ a week, blah blah blah.

So, my only unknowns are the real UberX market in my city, if I bought a car and immediately had to put a significant amount of money into it ($500 repair or something two weeks after I get it), but that is just a risk I have to take with this plan.

So, FWF, anything I'm missing?
Question Deals
my experience with the ACA; does this mean I'm poor?
Added on : Wednesday May 28th 2014 06:00:03 PM
g: 0 Posted By: bluegreenturtle
Views: 132 Replies: 2 I see no reason to create an Alt for this - I have no idea why people do when asking personal questions. So last month, I was looking through various health insurance options for next year (we opted to "keep our insurance" because it was very cost efficient, a $3500 deductible HSA) and the site redirected me to a "community adviser" which is what my state (Oregon) is using to sign people up for ACA compliant plans (because, as you might have heard, our website is dadgum broken). It gave some details on "Healthy Kids" which is our state's low income assistance for people under 19 and it seemed like we might qualify, so I signed up for a call from the adviser.

To my surprise, using our tax return as an income qualifier, we not only qualified for assistance, our children qualified for the "no cost" options for assistance and the adviser took their info and signed them up right away because our income was "so low". We signed up for new insurance that is similar to in cost, though slightly worse coverage than what we had, but getting the kids on the healthy kids plan cut our premiums way down. I'll post the qualifications for the plan at the bottom of the post - basically if you're at 300% or below of the poverty level, you qualify for full coverage for your kids.

The number that brought this about was that our AGI on our return was $55,000. The insurance adviser said that the state considers anything below an income of $78,000 for a family of four to be qualified for free health coverage for the kids. To arrive at the AGI, we also contributed $16k to my SEP IRA, $5500 each to our trad. IRA's, and $3250 each to our HSA, so we put away about $33k this year in tax deferred accounts and paid all our bills too. To me, this doesn't seem like a family that should qualify for public assistance.

So my question is this: am I poor? Does this mean we're on public assistance? I'm a long time member of Fatwallet, have always felt we were doing well above average, even among members of this forum - the above information shocked me; our state considers us to be in need of public assistance. Maybe I'm deluded. I grew up poor and am usually happy with our little successes. I feel like I'm missing something - the forms have all come with our children signed up, and now we don't have to pay for their premiums, and their coverage is complete, supposedly, much better than what we had buying it. I have no idea if they verified our income - it seems like they must have, but I'm not sure how they had time.

Here is a link to the qualification guidelines. Obviously every state is different. Perhaps ours is overly generous. http://www.oregonhealthykids.gov/families/qualifications.html

Discussion Deals
bodly injry claim
Added on : Wednesday May 28th 2014 03:00:09 PM
g: 0 Posted By: mk1039
Views: 40 Replies: 0 hi, i had a small auto accident some time back in Tx due to my mistake. even though it was a small accident(just bumper replacement), the other party filed a big personal injury claim and it seems too big. in-case my insurance company cannot reach settlement with the other party, what are the consequences ? also if there is anything i need to do.

i heard, by law its the responsibility of insurance company to handle it (as long as its in my insurance limit) and i should not worry but what if they have a deadlock ? will the other party come after me ?
New User Question Deals
Question about multiple claims against my homeowner's insurance.
Added on : Wednesday May 28th 2014 03:00:09 PM
g: 0 Posted By: chocula
Views: 31 Replies: 0 I have a couple of questions about making another claim against my homeowner's insurance.

I have had the same insurance company for my house and car for about 15 years or so. I never had a claim until about 8 years ago when our town was hit pretty hard by tornadoes and an extremely large tree landed on our house. Somehow our chimney took the brunt force of the tree (i was sleeping under where the tree landed on the house), it still did about $30k in damage to our house.
We filed an insurance claim and they paid everything but our deductible. Other than about 3 or 4 back and forth messages there were no issues with getting the work approved and the contractor paid.

About 2 years ago, I got a chip in my windshield and was told that the insurance company would repair those for free. We had a guy come out to the house and he repaired the windshield.

We have lived in our current house for almost 7 years and have never had a claim against it. Last year, we had a really bad storm and about 60% of the houses on our street had their roofs replaced. We decided against repairing the roof or filing a claim since we had one previously. In the 7 years we have lived here, we have had several bad storms.
Last week, we had another pretty bad storm and the builders were out in force trying to get people to replace their roofs.

After the most recent storm, we had a very small amount of water in our garage where you could see it leaked from the roof area.

My wife and I were discussing whether or not we should get our roof replaced and decided to have someone inspect the roof. You can clearly see the damage from the hail on the shingles and the flashing. Several of our screens were damaged as well. My vehicle has a few hail marks on it, but it is 8 years old and a few marks on it are no big deal.

The builder that inspected our roof said that the front part of our roof has a great deal of damage, but surprisingly the back part of the roof is not that bad.

I have read here that just calling your insurance company about these issues can count against you, so I wanted to get some advice before calling them.

My questions:
1. Will having another claim cause my premiums to go up?
2. Can they cancel my insurance if I have a 2nd claim? I am guessing it will be $5-6k to replace the roof (based on the costs for my neighbors to get their roofs repaired).
3. The builder said that my insurance company may not pay for the back part of my roof because it was not that bad. Would an insurance company only repair half a roof?
3A. Our house that was hit by a tree in Atlanta was a split level and only one roof was damaged. We paid for one roof and the insurance company paid for the other one,
4. Do you have any advice for me with this situation?

Thanks in advance. We are obviously trying to get the roof repaired, but at the same time do not want to lose our insurance.


Question Deals
Tax Implication of Limited Liability Company
Added on : Wednesday May 28th 2014 06:00:11 AM
g: 0 Posted By: UZ22
Views: 99 Replies: 0 Hi Everyone,

I am thinking about buying one or two rental properties for investment and rent them out. However I was told because of possible liability issues, I would better start a Limited Liability Company and manage them under that or get an umbrella insurance policy.

I would be taking a HELOC loan for this investments. my assets do not exceed 60,000 at this point.

What are the Pros and Cons for each of these scenarios?

Thanks!!!!!

Personal Finance Deals
Worst estate plan ever.
Added on : Tuesday May 27th 2014 03:00:07 PM
g: 0 Posted By: CptSavAHo
Views: 226 Replies: 5 So here goes...

Mother in law has 3 different life insurance policies and 3 daughters. They all have different value. Not sure but I'd guess the total is less than $20k. Each daughter is 100% beneficiary on a different policy. MIL sent letters to each to divide the money equally should she pass away. There's tons of ways this could go bad. None of the letters have witness or notary. MIL thinks I'm crazy for trying to get her to witness and notarize new letters and won't call to get the insurance companies to specify 33% each. Can the 3 daughters all sign am agreement to split among themselves and have it notarized? Would it hold any weight if the FIL sued? Extended family has a history of poor financial planning and I don't want to be in the middle of a battle for smallish sums of inheritance.
Discussion Deals
g: 4 Posted By: gd78
Views: 1084 Replies: 5 Summary:
Receive a $10 Lowes gift card for getting an auto insurance quote from AAA.
You must be a California resident
You DO NOT have to be a AAA member.
You DO NOT have to buy anything.
There's no invitation code and it's not targeted. Just tell them you want the Lowes offer.
You must get the quote in person or by phone.

Link to offer details

For a limited time, the Auto Club is offering you afree $10 LowesGift Cardwhen you get a free auto insurance quote.Simply choose one of the following ways to obtain a free auto insurance quote and mention the offer to receive yourfree $10 LowesGift Card.Its simple, and its free

Visit your localAuto Club branch(Southern California branches only)
Call an Auto Club agent at1-888-575-0293

HurryOffer expires July 31, 2014$10 Lowes gift card offer valid for CA residents through 7/31/14 who mention the offer and receive an insurance quote.Must be 18 years or older. Limit one free gift card per household per 6 months. New quotes only. Not valid for online quotes. Existing AAA insureds not eligible. NO PURCHASE REQUIRED. We reserve the right to provide a substitute incentive. Please allow 68 weeks for delivery. Membership is not required for offer. Terms and conditions may apply. See cards for details. From a 7/1/12-6/30/13 multi-state survey of new auto insureds who switched to AAA and reported savings. $369 is the overall average savings. Each listed competitors savings is an average.
Surveys & Rewards Deals
g: 0 Posted By: gd78
Views: 161 Replies: 0 Summary:
Receive a $10 Lowes gift card for getting an auto insurance quote from AAA.
You must be a California resident.
You do NOT have to be a AAA member.
You must get the quote in person or by phone.

Link to offer details

For a limited time, the Auto Club is offering you afree $10 LowesGift Cardwhen you get a free auto insurance quote.Simply choose one of the following ways to obtain a free auto insurance quote and mention the offer to receive yourfree $10 LowesGift Card.Its simple, and its free

Visit your localAuto Club branch
Call an Auto Club agent at1-888-575-0293

HurryOffer expires July 31, 2014$10 Lowes gift card offer valid for CA residents through 7/31/14 who mention the offer and receive an insurance quote.Must be 18 years or older. Limit one free gift card per household per 6 months. New quotes only. Not valid for online quotes. Existing AAA insureds not eligible. NO PURCHASE REQUIRED. We reserve the right to provide a substitute incentive. Please allow 68 weeks for delivery. Membership is not required for offer. Terms and conditions may apply. See cards for details. From a 7/1/12-6/30/13 multi-state survey of new auto insureds who switched to AAA and reported savings. $369 is the overall average savings. Each listed competitors savings is an average.
Surveys & Rewards Deals
Evenflo 3102964 Maestro Booster Seat - Goldenrod $59.99 @ Woot
Added on : Saturday May 24th 2014 08:00:10 PM
g: 0 Posted By: ctgolfer
Views: 141 Replies: 0 Converts from 5-point harness to vehicle seat belt use as child grows
Auto-adjust belt path correctly positions the seat belt to your child for a proper fit
4 shoulder harness positions and 2 crotch buckle positions for extended use
Simple adjustment with upfront tightening and loosening makes it easy to get your child in and out of the seat.
Integrated cup holders keep drinks close without increasing the width of the car seat, allowing multiple car seats to fit your backseat.
Comfortable seat pad and removable head pillow are machine-washable to keep the seat looking clean.
The lightweight design comes equipped for LATCH systems, including tether, for easy conversion between multiple vehicles.
Energy absorbing foam liner provides added safety & comfort
Designed and tested for structural integrity at energy levels approximately 2X the federal crash test standard
IIHS (Insurance Institute for Highway Safety) Best Bet - Provides good lap and shoulder belt fit for typical 4 to 8 year-olds in almost any car, minivan or SUV
Rated a "Best Buy" by a leading consumer magazine!
Designed, Engineered, Tested, Molded and Assembled in the USA

http://kids.woot.com/offers/evenflo-maestro-booster
Home & Garden Deals

woot! Coupons
g: 0 Posted By: Commisioner49
Views: 2 Replies: 0 I'm a National Grid gas customer in Massachusetts and right now they are off a $100 rebate on wi-fi thermostats with a limit of 2. Amazon currently has these for $201.95, not a terrible deal. The deal to be had though is from Comet Supply:

http://www.cometsupply.com/mp/HONEYWELL/pm/HWLRTH9580WF/

$165.18 EACH plus shipping! Here was my breakdown for 2 units:

*WiFiSmartThermostat[2at$165.18=$330.36HONEYWELLmodelRTH9580WF]-----------------------------------------------------------------Sub-Total(2items):$330.36Insurance:$7.47SuperSaverShipping:$7.99Total:$345.82
$345.82 - 200 = $145.82 / 2 = $72.91 each.

I don't think this price can be beat anywhere for these. For MA customers, I attached the rebate form for your convenience.

I had never heard of comet supply, they don't have a fancy website, but after placing my order I had my thermostats in 2 days from Florida. They will be installed this week.
Appliance Deals
Driving With No Car Insurance
Added on : Friday May 23rd 2014 04:00:09 PM
g: 0 Posted By: uuuuut
Views: 151 Replies: 2 Hi FW Friends. I don't have a car so I don't have a car insurance policy, but I am often provided rentals by my employer.

Does anyone know if I could be held personally liable for an accident when driving a car rented by my company? I've asked the rental agency (Hertz) what the coverage is and they say there's no coverage on their side, so presumably my company has some sort of policy but they haven't told me what it is!
Question Deals
Looking for cheap car insurance in CA
Added on : Friday May 23rd 2014 09:00:13 AM
g: 0 Posted By: peteron
Views: 108 Replies: 1 Hi I recently moved from GA to CA due to job relocation in sillicon valley area. When I updated the address with Geico, I received a whopping quote of $974 for 6 months. This is a lot more than the previous amount I paid (487$) in Georgia. Now I am asked to pay the difference (>$700) caused by location change. I am 27, married, and never get any tickets in 5 yrs driving history. I was involved in two accidents and I was not at fault. I'd say I am a good driver per se. My car was newly bought in 2013 (2013 model), and loaned through Penfed. I wonder if there are any cheaper options, at best under $1.2k per year. Please share your knowings. Thanks!

current coverage:
100k/300k
500 Deductible conprehensive
500 Deductible collision
Personal Finance Deals
SUMMER MOVIE DEALS For Adults and Children - 2014 Season
Added on : Thursday May 22nd 2014 01:00:02 PM
g: 1 Posted By: BigBoyMichigan
Views: 184 Replies: 0 Special Thanks toHeyItsFree.net For sharing this information


AMC Theaters: Their Summer Nights program is aimed at adults with 8 blockbuster hits back for a limited time. Show times are Mon-Wed at 10 pm. Tickets are just $3 and benefit charity.

Bow Tie Cinemas Select locations are showing free kids movies on Tuesdays and Wednesdays at 10:00 am from June 24 to Aug. 20.

Cinemark Century Theaters: They have two different money saving movie programs. First, pay $5.00 p.p. in advanced and youll get tickets for 10 movies! Alternatively, you can buy your tickets at the show for $1 each. Note someRave Theatersare now owned by Cinemark.

Cineplex: Saturday mornings at 11:00 am through June will feature Cineplex Family Favourites. Watch a family favorite film each week for only $2.50 at participation locations.

Classic Cinemas: Beginning June 11th, Wednesday Morning Movie Series. Each Wednesday morning at 10 am ticket prices are just $1, all movies are rated G and PG.

Harkins Theater:Again, you have two options: Buy a season pass then each movie is less then $1. Or buy tickets the day of the movie for $2 per ticket. Show times are at 9:45 am.

Marcus Theaters: Every Sunday, Monday, and Wednesday mornings at 10am from June 15 Aug. 13 will feature a favorite family flick for just $2! Popcorn and sodas are $2.50 as well. Finally, you can score 2 free tickets by visiting a participating American Family Insurance agent.

Regal Cinemas $1 Movies All summer long long you can see select PG movies for just $1 a ticket. Show times are Tuesdays & Wednesdays at 10am.

Studio Movie Grill: Their Summer Childrens Series is every weekday at 11 am. Like the rest, you get a family friendly film only $2 a ticket.

Showcase Cinemas: Their Bookworm Wednesdays allow kids to bring in a book report (6 and under dont need this) in exchange for free admission! The best I ever got for a book report was the promise of no more book reports.


You can also receive FREE MOVIE PASSES as well as Free Amusement Park Passes, Gift Cards, Meals, Concert & Sporting Event Tickets, Beer - if you donate blood at your local American Red Cross as well as other blood centers for complete info click link
http://www.fullofdeals.com/forums/free-stuff/1289688/

Restaurants & Entertainment Deals
Used car purchase
Added on : Wednesday May 21st 2014 05:00:13 PM
g: 0 Posted By: southpaw0
Views: 201 Replies: 4 I have a friend who is buying a used car... a 2011 volvo t5 which is priced below its true market value. It is priced at about $11,000. I am wondering why its so low, and am wonding if an insurance claim for say hail damage amy have been filed pn it. It appears to be in excellent condition other than high mileage (100,000 miles).

Is there a way to find out if an insurance claim was filed on it through its VIN number? Would Carfax report show such claims? Thanks.
Question Deals
Helping Mom
Added on : Wednesday May 21st 2014 05:00:09 AM
g: 0 Posted By: jrbrann
Views: 14 Replies: 1 My mother is getting ready to retire and she will be selling her house next month and I have been charged with helping her budget everything out.
Here is a quick snapshot of her finances-
Monthly income- $2500 from retirement, and additional yearly income of approximately $600, so a total of around $35,000 before taxes and insurance.
Her monthly expenses will be rent of $1100 approximate utilities of $300.
She also has approximately $20k in liquid savings.
The question is what to do with nearly $200k that she will get when she sells her house? This is ALL she has so I would like it to be on the safe side but I also want to insure that it out paces inflation. Annuity, bonds, or other- Thoughts?
Investing Deals
g: 0 Posted By: sniperruff
Views: 25 Replies: 2 Looking to purchase my first home. I understand thefundamentals of home financingas I've read up the basics of mortgages over the past few weeks.

Background: I have a job in finance with decent pay but the whole industry is unstable and everyone is "fired at will" - there is no heads up, or guaranteed severance. I don't think I will be permanently unemployed if I lose my job but there could be employment gaps. Therefore, I am looking for some protection for the worst case scenario.

The house I'm planning to purchase will be about $500k. The house is in an area in NYC with good rental activity, and I project to generate at least $3,000 a month in rental income (2 units, before expenses). Therefore I should only have to pay for water and other smaller expenses. This is a new building that qualifies for property taxes abatement for about 10 years (I think) so taxes will be minimal.

I've saved up enough for 20% down, closing costs (~$30,000), and about 22 months of mortgage payments for 30-year fixed @ 4% (or 16 months for 15-year fixed @ 3.25%). Monthly payments (assume 20% down, so $400,000 mortgage) are as follows:

30-year fixed @ 4% = $1,900/month ($287,500 total interest paid over life of loan)
15-year fixed @ 3.25% = $2,800/month ($105,000 total interest paid over life of loan)

A 15-year fixed mortgage certainly saves me a lot of interest expenses, but I also don't want to be wiped out should I become unemployed for an extended period of time. My friend suggested me to go with a 30-year fixed, then prepaid whenever possible to lower my interest payment. Assume the best case scenario if I prepaid $900 monthly, then this happens:

30-year fixed @ 4% = $1,900/month + $900 prepaid ($151,000 total interest paid over life of loan)

In a nut shell, I would pay about $50,000 for an "insurance" that could let me fall back onto a 30-year mortgage with $1,900 monthly payment, which my projected rental income should cover along with other house-related expenses.

Here are a few questions:
- Is such an insurance worth it? I know it's obviously subjective, but a $50,000 insurance sounds like a lot.
- What about refinancing as a form of insurance? What if I go ahead with a 15-year fixed and then refinance (although interest rates would most likely have gone up) should I need to?
- Is this commonly done? Any potential hurdles?
- I read that the approximate cost of refinancing is 2-6% of the total mortgage. Assuming I fall onto hard times in 5 years (by then I'll have $286,000 principal left on the mortgage), does that mean it'd cost about $15,000 to refinance (assuming 5% refinance cost)? Any other associated costs?

Sorry for the long write up and thanks for any tips

TL;DR: is refinancing a cost-effective way to lower monthly mortgage payments?
Personal Finance Deals
Penfed 5/5 or BoA 10ARM Mortgage - please help me decide
Added on : Tuesday May 20th 2014 03:00:06 PM
g: 0 Posted By: 1X2Y3Z
Views: 60 Replies: 0 Hi:
I am taking a loan of around 640K after 20% down payment and here are the two options I am considering. I intend to stay in this home no more than 10 years and hence I am considering these two options

Penfed -- Current rate on the 5/5 ARM is 3%. 2% max every reset, with 5% lifetime max. Will help with closing costs upto 10K but I need to use their title services which as per the GFE cost at around $8000 -- $5000 for title services and lenders title insurance and $3800 for owners title insurance. I read elsewhere in these forums that they don't treat them as simultaneous insurance policy which other title services companies quote at $4600. Also, I believe the first 5 year reset is a minimum 4% because what I am getting now is promotional rate of 3%.

BoA - Current rate on the 10/1 ARM is 3.25%. 5% max on first reset, 2% max subsequent resets, with 5% lifetime max. Will provide lenders credit of around $2000 and I can use my own title service which is around $4600. One additional cost compared to Penfed is $800 origination fee.

I must mention that dealing with Penfed is extremely difficult, very poor response whereas BoA rep is very accessible and very eager to help and expedite.

Any views, recommendations and/or things I should be considering as I make a decision? Please help me make a decision.

Thanks in advance...

New User Question Deals
another to rent or sell?
Added on : Tuesday May 20th 2014 02:00:08 PM
g: 0 Posted By: releasefoobar
Views: 10 Replies: 0 We are moving and are considering renting vs. selling our current home. We toyed with the idea of a rental property but figured we should buy a cheaper house in the neighborhood, fix it up a bit, then rent it. There are pretty beat houses in the neighborhood going for 50-90k, we purchased this house 5 years ago in fairly decent shape for 130k. We are also concerned with the current housing stock in the area used for comparable. There are very few houses that have been fixed up then sold, but the ones that have sold fast.

The dilemma that we have with our current house is that we did upgrades over the past few years with the intent of selling not renting. We refinished the hardwood flooring throughout, have mid-grade kitchen cabinets with granite countertops, refinished the bathtub, etc. We are not sure that it is worth the potential risk of damage to the property if/when we choose to sell it but we don't want to eat money by selling if renting might work out a little better. Here are the numbers

Average rental in this neighborhood 1200-1450/mo
Price we think we could get for ours 1300-1400/mo
Final sale price we think we would end up getting 140-145k (minus closing costs and seller subsidy)Purchased the home for 130k
Still Owe 113k
mortgage + insurance + taxes 1048

1048 mortgage + ins + taxes
130 10% vacancy
130 10% maintenance
40 water
----------
1348 rent - is this the proper way of calculating the rent price?
Real Estate Deals
New driver with $5k car damage. Please help me decide what to do.
Added on : Tuesday May 20th 2014 08:00:08 AM
g: 1 Posted By: vholic
Views: 202 Replies: 9 I'm a driver in my 30s, however I only got my driver license recently (Oct 2012). I live in MA with a full coverage insurance for $3,033/yr with $1,000 deductible.

Car info:
2009 Mazda 3 S Touring Hatchback 41,500 miles
Purchase used in Jan 2013, paid cash OTD $16K (incl tax & everything)
Blue Book value as of today: Trade in to dealer in fair condition $10K
Recent repairs: $1K for one new tire, one new axle/CV joint, all new rotors (Apr 2014)

I got into an accident in an underground parking lot last Sunday. I hit the cement support beam when backing up and had some damage to the left side of my car. All lights are still functioning after the accident. Pic attached.
I went to 2 reputable body shops. Body Shop A quoted me $5,500 (big shop, everything is guaranteed). Body Shop B (mom&pop) but also reputable quoted me $4,200 insurance or 10% disc if I don't do insurance.
The car needs a new quarter panel, bumper and rear lights-left side.

Please help me decide what to do:
1. Do nothing. Knowing that I'm a new driver, I don't think this will be my last accident. I will use this car as my "training wheel" for 3-4 years.
2. Claim my insurance. I will get 4 points in my record for 5 years. Insurance will incr to $3,917/yr. My out of pocket will be $1K ded + 2 weeks of rental car (found out that I don't have rental coverage).
3. Pay the repair out of pocket.
4. Go to a cheap/somewhat shady place looking for a repair that costs half as much (~$2K).
5. Sell my car as is (maybe ~$6K?) and get a crown vic.

I'm leaning toward option 1 right now. Need some opinions on pros & cons. Thanks in advance.

Pic: http://i.imgur.com/DhdxvdO.jpg

Personal Finance Deals
Travel Deals from Orbitz + up to 8.12% Cash Back
Added on : Monday May 19th 2014 07:00:07 PM
g: 0 Posted By: FatWallette
Views: 141 Replies: 0
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Soliciting advice regarding housing situation
Added on : Monday May 19th 2014 10:00:14 AM
g: 1 Posted By: investingstuff1971
Views: 134 Replies: 2 Hi,

I am trying to help a good friend get her life together and one of the first things to figure out is what to do about her living situation. I will try to describe the situation as succinctly as possible. In 2005 her then mother-in-law borrowed the money to have a house built for her son and my friend. As near as I can deduce from the public records, the total amount of money borrowed was $91,000, split between a first mortgage and a HELOC (presumably to get around mortgage insurance). Later in 2005, she quit claimed the property to her son and my friend so, as I understand it, there are currently three names on the title, the mother-in-law, her son and my friend. In 2006 she took out a second mortgage against the property in the amount of $23,000. My friend is almost sure that only the mother-in-law's name is on any of the promisary notes. In 2009 or 2010, my friend and her husband divorced. I don't know that details of that proceeding beyond the fact that there were no lawyers involved and I would imagine that there weren't many assets to distribute.

In any case, my friend got custody of the three children and the house. She has for the last four years dutifully made the mortgage payment (which are $800/month) on her mother-in-law's note. I am trying to figure out what the payoff is for everything, but the house is almost definitely under water by at least 10 or $15k. There is a lot of tension (much of which is unrelated to the house) between my friend and her ex-husband's family and I think that it would be really healthy for her to simplify their relationship by leaving the property. My friend is open to the idea; the house has a lot of sad memories for her and she would almost certainly be able to find something nicer to rent for less money. (we live in a pretty economically depressed area) I really don't want to give her bad advice though which is why I'm soliting the fatwallet forums for their thoughts. Were she to leave the property I don't know exactly what here mother-in-law would do, but I would imagine that she would try to do a short sale. What if the house went in to foreclosure though? If that were to happen, how would that affect my friend who is one of three names on the title but not party to any of the notes against the property? I'm trying to encourage her to talk about the situation with her mother-in-law so that she can extricate herself from the situation in the manner that does the least harm to the both of them. Frankly here mother-in-law has treated my friend very, very badly, but she was nice enough to help them buy the house and neither of us want her to suffer a foreclosure if it can be helped.

Anyway, I know that this was all a bit rambling, but I'd love to hear any thoughts that anyone might have.
Personal Finance Deals
Short term health insurance options
Added on : Monday May 19th 2014 04:00:06 AM
g: 0 Posted By: MiaFLSurf
Views: 61 Replies: 3 Long story short - I am a resident that is graduating in late June. My wife and I have had the health insurance provided through my hospital, which is by all means terrific.

Called last week, the coverage ends June 30th.

I start my new job (new state) on September 1.

My wife and I are 30 and 29, both completely healthy.

What should we do? Ride it out for 2 months? Find a company that insures for 2 months only? If so, any suggestions from those that have gone through this?
Personal Finance Deals
g: 0 Posted By: remick
Views: 48 Replies: 0 http://www.amazon.com/Settlements-Galore-Winning-Settling-Person...

EMPOWER YOURSELF !

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: ashwani67
Views: 11 Replies: 0 My 2013 Toyota Prius C had a minor accident (fender bender). I was not at fault. The other party's insurance carried out minor repair of bumper and fender costing around $ 1500.

I there a chance I can claim "diminished value"? How to go about it? Any advice is appreciated. Thanks
Question: Where to get supplemental health insurance?
Added on : Friday May 16th 2014 11:00:06 AM
g: 0 Posted By: jomarrod
Views: 83 Replies: 0 A work colleague's work contract was taken over by a new contractor. To add his spouse, it would cost an additional $500/mo. His spouse is American Indian descendent and gets basic health and dental coverage at no cost, only when at an indian clinic. Unfortunately, if his spouse has a major issue (like breaking a leg, mammograms, MRI), she would be out of luck and would have to pay out of pocket at a different facility.

I am not familiar with Obamacare nor the Open Market for healthcare, so I could not offer good advice. But $500/mo seems like a lot. Is there anywhere where they could buy some type of supplemental insurance (or whatever it may be called) where it would cover the spouse when needed?
Personal Finance Deals
Car hit while getting serviced at dealership
Added on : Friday May 16th 2014 05:00:10 AM
g: 0 Posted By: tante
Views: 76 Replies: 1 I just received a call from the dealership saying my car was involved in an accident in the service area. I am heading to take pictures of my car in about an hour but I was hoping to get some advice from people here first before I talked to them. They already offered to fix the damages and put me in a loaner car but I am leaning toward getting the car fixed at a shop of my choosing. They told me they would need my car for 5-7 days so the damage sounds pretty extensive.

I am assuming that I am dealing with their business insurance versus an auto insurance company so how does that change things. And lastly how does a diminished value claim work?

car is a 06 Toyota 4Runner

and pics will be coming.
Job/Career/Life decisions. Advice and guidance is welcome
Added on : Thursday May 15th 2014 04:00:06 PM
g: 0 Posted By: nasheedb
Views: 93 Replies: 0 I'm 27 years old. I work in IT and I make $107k a year. Last fall I accepted a position in Switzerland, but so far I've been unable to obtain a work permit. Thread about thathere.I have at most 2 more months until I receive a final decision, but I'm not optimistic at all anymore. In the meantime, I had another job come up, a contract opportunity which pays a fair bit more than what I'm making now, but it wouldn't be very challenging. My dream job would be to work as a pre-sales engineer or as a solutions architect.

Now let's talk about my GF. We've been together for nearly 3 years now. I would like to keep her around for a lot longer, she's a keeper. She's defending her dissertation next month and after that she'll have to find a post-doctorate for 2-5 years. Afterwards, she plans on pursuing a career in academia. She is currently interviewing for a post-doc in Switzerland and has a very good chance of getting the position, as well as a work permit.

Here are our options as far as I can tell:

1. (preferred, but unlikely) My Swiss work permit comes through and my GF gets a post-doc in Switzerland
pros:

I make close to $150k/year with overtime/on-call pay, she makes about $105k/year
We share an apartment, reducing our expenses
We get to explore all of Europe

cons:

​high cost of living, however our salaries would be more than enough to live well in Switzerland

2. I take the contract job, she looks for a different post-doc in the US.
pros:

I make $80/hour on a W2 with benefits
I have a lot of control over my job, it's basically a one-man show

cons:

my gf would make $45k/year, she would have to live in a high cost area, and we wouldn't be living together
my job wouldn't be very challenging
I'm not growing profesionally
my gf wouldn't be able to find the best post-doc she can, she would be settling for something average

3. I look for a pre-sales engineer or solutions architect job, either here or overseas. I would have to wait until I have resolution on my Swiss visa before I can proceed with this path
pros:

I'm doing exactly what I want to be doing
Ideally, my gf and I would be living together
I make a bit more money than I currently do
This job typically requires at least 50% travel (my gf would be OK with this)

cons:

There simply aren't that many of these jobs around
I have the required technical knowledge and experience for the job, however, I don't have much experience with responding to RFIs/RFPs and have limited experience with giving demos or public speaking
I may not have the right personality for the job. I'm an introvert, and at times can be socially awkward around strangers. I definitely do not have the salesman personality
If the job is in the US, my gf would only be making $45k/year.

4. I can take the $80/hour offer to my current boss and I can ask him to see what he can do with it. I'm pretty much at the maximum pay for my job grade, so I would pretty much need to be promoted in order to get more money (which we've talked about recently, he said it could happen within the next year). I am currently working remotely and very rarely have to travel. I can probably probably get my boss to agree to let me work from Switzerland

pros:

I can probably get another $5-10k more
my job is actually challenging, and I get to do things I enjoy
If my GF gets the Switzerland job, I can stay with her for extended periods of time (I can stay in Switzerland 90 days at a time as a tourist. I can probably fly to neighboring countries, and take a train into Switzerland so my passport doesn't get stamped, so it doesn't look suspicous)
my gf would make $105k

cons:

it would be really shitty of me if my boss goes out of his way to keep me with the company, but a few weeks later I get my Swiss work permit, and I end up quitting
my coworkers are f#cking morons
I would be pretty much living in Switzerland illegally. I don't know what would happen if I got sick or injured. I don't know if my US-based health insurance would cover me.
my boss may not go for it
going back and forth between the US and Switzerland will get old after a while, and would be expensive too
high cost of living, although I think we would make enough to live comfortably

Any thoughts or advice?
Question Deals
Hard Disk for Xbox360 320GB $35.99 AC / FS @ Mini In The Box
Added on : Thursday May 15th 2014 04:00:05 PM
g: 1 Posted By: DizzyT71
Views: 218 Replies: 0 Mini In The Box has theHard Disk for Xbox360 320GB on sale for $39.99 - $4.00 coupon code "FMTC4OFF" = $35.99 with free shipping.

Compare at $46.43 shipped @ Amazon.

Note: You will need to "uncheck" the shipping insurance at checkout, otherwise a $0.99 fee is added.
Xbox 360 Deals

MiniInTheBox Coupons
SQUATTERS! what would you do?
Added on : Thursday May 15th 2014 07:00:09 AM
g: 0 Posted By: solarUS
Views: 23 Replies: 0 I acquired a tax lien on a property in my town (New Olreans) last year. An old double very close to the French Quarter, with good bones, but needing total rehab. Under state law, the earliest I can acquire full title to the house isspring 2015. Meantime, there are now squatters set up in it. The front doors both lock, but the back door has been off the house for some time (before i bought it) and that is their point of entry. They have put some nasty furniture in it, and even cleaned up all the shit that was there from the last set of squatters. There are absolutely no utilities, mind you. These are gutter punks, and crazy ones it looks like, given all the nutty writing all over the walls ("i'm sorry i missed agent orange" for example). My only real concern here is that on a cold night, they start a fire and burn the house down...happens pretty often down here. Not a big concern in the summer, but I would prefer to nip this in the bud. Insurance is obviously improssible. There is a provision with tax liens, that a lienholder can take possession of a property in order to protect it. I did ask a lawyer about this, who said i can do what's necessary, but i paid him $0 so i value the advice at that. The property is worth a bit of money, even in the present state. I'm guessing $60-70k. I have about $4-5k in it. The house burning down is really the only way i lose here.

Options:
1) Approach owner to purchase house. Not likely, given that there is an "et al" on the title, indicating that there is more than one party.
2) Call police for trespass. NOPD are horrendous. Likely to get nothing out of this.
3) Rent dumpster. empty house. board everything up with a preponderance of nails. My preferred option.
4) Report a break-in. Might get the cops out faster.
5) say "screw it" until the weather gets cold, and hope they leave by then.

Anything I am not considering? other options? risks? TIA
Cruise ship injury, consulted a lawyer, what would you do? [PIC]
Added on : Wednesday May 14th 2014 09:00:06 PM
g: 0 Posted By: TrueKnight
Views: 12 Replies: 0 Gonna make this short. My mother is 65. She was on an international cruise in which she slipped and fell due to the deck being icy and wet (weather). As a result, she suffered a fractured spinal disc and had to get Kyphoplasty surgery.

Surgery and medical expenses was approximately $66k. We contacted the cruise-line for reimbursement but the customer care department said they do not cover any medical expenses once the passenger has returned to their own countries (United States). The cruise line recommends that she contact her own insurance. She does not have insurance. Her insurance actually lapsed while she was on travel (partly due to Obama care that her premiums skyrocketed and we wanted to wait until she returns to figure out how to sign up for one of the ACA plans). Sorry to digress. Consulted with an attorney. He said that due to the itinerary of the cruise not stopped at a U.S. port, there is a cap on damages set by the Athens Convention which is about $70k. He also mentioned that in cases like this, the cruise line knows that their max liability would be $70k and settlements will be low since if the case is not settled and they're found liable, the most they would be out would be $70k any ways. Lawyer's retainer fee is 33.3% of reward if it gets settled and 40% of reward if it goes to trial. We're in California. Attorney is in Florida. What would you do?

Some initial thoughts and counter-thoughts:
1. Find an attorney with lower retainer?
>>>Not likely since I think 33.3% is pretty standard.
2. Bombard cruise-line and cruise-line's parent company with emails / calls requesting reimbursement?
>>>Many cruise-lines are of European origin so unless we can make a global impact, I am doubtful we will find resolution.
3. Represent ourselves and sue?
>>>I've done small claims and I don't think this is the same kind of animal. Plus I think it needs to be filed in Florida where the cruise-line has an office/presence.

Question Deals
Credit Bureau: Hard Pull vs Soft Pull
Added on : Monday May 12th 2014 08:00:05 PM
g: 0 Posted By: NEDeals
Views: 92 Replies: 1 I understand that a Hard Pull is viewable by all creditors and affects your credit score, while a Soft Pull is/does not. But what is the difference in terms of information furnished between each type?

Discover Card gets enough information to generate your FICO score with just a soft pull. On the other hand, Schwab won't open even a checking deposit account without a hard pull. What benefit is it to Schwab to do a hard pull--do they see any additional information that they can't receive with a soft pull? I don't mean to single out Schwab, but I've always been curious as to what benefit a credit receives by doing a hard pull. Insurance companies seem to be able to know everything about you (including scores) with just a soft pull....
Credit Deals
Advice for evaluating job offer
Added on : Monday May 12th 2014 04:00:10 PM
g: 0 Posted By: green1234
Views: 154 Replies: 3 Current job: Full-time, $107K per annum, 8.5% bonus Target (though last couple of years it has been way below - in the range of 3-5%), 401-k profit sharing - usually 2.5%, 28 days vacation, usual benefits - medical insurance cost around $500.00 per month. Been with the company for more than 10 years.

Job Offer: Hourly Consulting (W2), $69.00 per hour, no vacation, no 401k match, no bonus, medical insurance cost around $1100 a month. There is a possibility that the new company (client) will hire full-time with benefits and bonus program, after 6-12 months.

Any advice in comparing the jobs? I am looking for pointers as to what else should be I be thinking about.

I appreciate any input.










New User Question Deals
Need help to reschedule my nonrefundable hotel room on Priceline
Added on : Friday May 09th 2014 02:00:06 PM
g: 0 Posted By: ivychang722
Views: 46 Replies: 1 I recently purchased a Hawaii vacation package through Priceline.
My husbandand I originally planned to stay at Hilton Hawaiian Village from June 28th to July 5th.
However, hiscompany just announced that they'll have a big event during that week.
And we definitely need to reschedule our vacation.

I called Priceline customer service for many times, and all of them basically said the same thing "hotel reservation in the vacation package is non-refundable based on their policy."
In my case, I will be charged with the full reservation amount which is more than $2500.

I searched information online, and found some people get away from this by calling the hotel managers.
They asked the hotel managers to approve the cancellation, and then called Priceline to verify that with the hotel.
I tried it. Unfortunately, the answer is "NO" even though I've spoken to different hotel representatives.
During the phone calls, I tried my best to explain about my situation and this online tip, and they still asked me to talk to Priceline.
They said it's Priceline's authority to modify my confirmation, not them.

I am getting so frustrated and exhausted.
Does anyone havesimilar experience or better suggestions for me?

P.S. I purchased the trip protection insurance on PL.
But I am not allowed to file a claim unless I fall under some extreme circumstances such as asevere medical reason orthe death of an immediate family member.
Question Deals
Looking for a whole bunch of advice on saving towards a home
Added on : Thursday May 08th 2014 06:00:06 PM
g: 0 Posted By: SyZpuzzler
Views: 84 Replies: 3 Hello,

Here is my entire backstory since I feel it is at least partially necessary to understand the situation:

29 years 5 months, currently working at Allstate making 39k a year in CA. UCLA degree in stats. Didn't finish until I was 26, long story. Current financial situation is:

Renting for $600 a month
12k student loans to one company, 17k to another. Total 29k, anywhere from 2.1% to 5.8%. $130 min payment for first, $210 for second
8.5k lien to Toyota for my 11 Yaris with 55k miles, should last a good while. 1.9% interest. $190 min payment
3.3k balance on a 4.8k limit with something absurd like 15% interest. $72 minimum payment
Car insurance + phone = $180 a month
Gas = roughly $75 a month
Food = varies

Other than that, I don't have many expenses. I go out with my girlfriend of 11 months, sometimes we eat out, or go into San Francisco (I'm currently in Pleasanton), go shopping, buy jigsaw puzzles, etc

Doing the math on the salary, after taxes and health insurance I pocket around $1200 every 2 weeks = $31.2k net a year

My plan, up through last week, was to pay off that 40k debt ASAP and then save for a house, with the aim of only ever purchasing one house in an area I really wanted. At that point I would be married, still single, whatever

At work we had a financial planner come, and he looked over everything and told me I was wrong.

Being good at math and logical thinking, he explained it to me this way:

Instead of paying off your 40k debt asap, you can make minimum payments and open up a savings account with the sole purpose of putting away money each paycheck for real estate. This money is not a 'savings account', it's just named that. This is not my money. I can't go take out 6k in a year when my car dies and I need it. This is another debt, and we can think of it as 'Jeff's future home purchase'.

This is where a part local to me comes in: Livermore, CA supposedly has a buyer program where you only need 3% down. 300k average condo prices, that's 9k. 200 a paycheck for 2 years is about 10k. I would then purchase a condo, mortgage the rest, and continue to do that while paying my minimum debt payments for a few years while the value hopefully goes up. Being that Livermore is a good, growing town in the Bay Area, the odds of this are strong. I would then sell, take the extra money and use it as a down payment on a bigger property, and continue this until I eventually have an actual 2k square foot, 3-4 bedroom house.

He said 'this is how you get wealthy and provide for your family. You can't not take any risks or else you won't own anything until you're 40'

My questions are this:

Supposedly, you can't get a mortgage for more than 34-40% of your total income after debts. The mortgage on that property would be something like $1800, which means I would need a salary of $60k. I can see a few raises within a few years which would put me between $45 and $50, but not $60.

Also, if this program is cancelled or changes, I can't afford it and interest on my other debts are accruing

I always thought you wanted 20% down to avoid PMI, but he says you don't. You need to get in a property you own immediately and start building equity.

My credit is fairly good, I don't know the actual # but I'm pretty sure I will be at least 730, which I understand is the cutoff for the best loans.

If I were to open a savings account for this reason, where should I go and why?

Is this guy right? I just don't see how I'm supposed to be able to afford an $1800 + mortgage, $500 + in other debts, and other expenses when my current monthly take home is ~ $2,500. And even if I got to a point where that was say $3,000, and my debts + mortage would be $2,300, I COULD live off $700, easily. But a bank wouldn't give me a loan because my debt to income isn't high enough

He's worked at this company for 20 years, he's well-trusted, Allstate is a big company and wouldn't have somebody giving this kind of advice if it weren't true or beneficial

I just don't see how it can work

Thanks

Investing Deals
Need Advice on HELOC or to avoid mortgage insurance
Added on : Thursday May 08th 2014 09:00:08 AM
g: 0 Posted By: JayPC
Views: 40 Replies: 1 I am planning to purchase our first house (been renting for all these years). The value of the house will be around 450K and I am planning to put 10% (45K) down. I requested for a pre-qualification from one of the banks and they told me I need to pay Mortgage Insurance since my downpayment is less than 20%. Are there any ways to avoid paying this Mortgage Insurance?

Some one told me that you can open an Home Equity line of Credit along with your mortgage and use that to pay 10% additional to make it 20 to avoid MI. Is it possible since I don't own that home and have no equity in the house? Need help here...
Personal Finance Deals
Any way to cancel hotel with "no cancellation" policy
Added on : Monday May 05th 2014 04:00:06 AM
g: -4 Posted By: love2work
Views: 658 Replies: 25 Hi,

A while ago I booked a hotel and reservation had "no cancellation" policy. Now my travel plans changed and I cann't travel to this hotel. I also don't have travel insurance and as far as I know my credit card does not offer one (at's a Starwood Amex). As I would hate to loose $800 I wanted to check with the fatwallet community to see if there is a creative way to get the money back. Any advice would be appreciated.
Hotel Deals
Any way to cancel hotel with "no cancellation" policy
Added on : Sunday May 04th 2014 09:00:08 PM
g: 0 Posted By: love2work
Views: 67 Replies: 2 Hi,

A while ago I booked a hotel and reservation had "no cancellation" policy. Now my travel plans changed and I cann't travel to this hotel. I also don't have travel insurance and as far as I know my credit card does not offer one (at's a Starwood Amex). As I would hate to loose $800 I wanted to check with the fatwallet community to see if there is a creative way to get the money back. Any advice would be appreciated.
Discussion Deals
crazy medical billing
Added on : Saturday May 03rd 2014 02:00:10 PM
g: 0 Posted By: BradMajors
Views: 126 Replies: 4 I am seeing a doctor on a regular basis. They have never sent me a bill. Each time I go in, I ask if I owe them any money and they say no.

Here is what my medical insurance billing statement looks like:

Amount billed: huge amount.
Amount allowed: $0
Amount payed: $0
Member responsibility: $0

Discussion Deals
Must notify coverage change in writing?
Added on : Saturday May 03rd 2014 12:00:06 PM
g: 0 Posted By: ToddC
Views: 42 Replies: 0 I received this letter from HealthNet:
If you have obtained replacement coverage or no longer desire to continue your coverage with HealthNet, you must notify us of this coverage change in writing, in a timely manner. Without such written notification of termination of coverage from you, the coverage end date will be extended to cover the 30-day grace period and you will be responsible for premiums for this period.

My question: Is this the norm in health insurance industry?
Question Deals
Paid off Grad School Loans, Now What?
Added on : Saturday May 03rd 2014 12:00:06 PM
g: 0 Posted By: madcowdisease
Views: 150 Replies: 2 Long story short, I was able to say bye-bye to my student debt earlier this month. My monthly payment was a bit short of $500. In the short term that will go into building my emergency fund, but my question is what I can do with the cash going forward.

A few things:
-Only other debt is ~$13 K auto @ 1.49% (thanks for tipping me off to this rate, FWF!) - contemplating paying this off, but the interest rate being so low...
-I max out my 401(K) and Roth contributions annually.
-No HDHP insurance, so no HSA
-No children, so 529 doesn't seem appropriate
-No house, I am planning on leaving current city in < 1 yr
Personal Finance Deals
Dental Discount Cards (as oppose to dental insurance)
Added on : Friday May 02nd 2014 05:00:05 PM
g: 0 Posted By: Gauss44
Views: 178 Replies: 0 Can anyone suggest a good dental discount card? I'm in Boston, but feel free to recommend a good one for any place since there are many people on this forum from all over. Also, feel free to discuss the benefits and drawbacks of these.

I just learned about "dental cards" here (and didn't know about them before):http://moneyfor20s.about.com/od/healthinsurance/f/dental_discoun...
Discussion Deals
g: 0 Posted By: hdlz
Views: 92 Replies: 1 There was hail storm 3 weeks ago in my area, now there are many roof companies in my neighborhood doing free estimate and trying to get us fill insurance claim to have roof replaced. My roof is 12 years old, one company said I have big chance to have roof replaced, another company said my roof is in best shape in my neighborhood and he estimate I have 30-40% chance to have the claim approved which does not sound much as to file an insurance claim. My question is what impact a denied claim has to my future home owner insurance premium. If a claim is denied, will it go away from my history or does It count? One discount I noticed in my current insurance notice is claim free bonus.
Question Deals
new user- car accident
Added on : Thursday May 01st 2014 04:00:13 PM
g: 0 Posted By: troubled
Views: 87 Replies: 0 hi,
i am new here, and read lot of threads already. i got in car accident, and the tow company told that car will be totalled in IL. i was driver3, hit driver2, which hit driver1. cop told i will be at fault. i did not go to hospital, nor did d1. d2 was taken in ambulance and mentioned back/shoulder pain.

regarding insurance, i have personal 100/300, uninnsured/underissuered as 100/300 as well. medical damage as 5k.

am i totally screwed? what should i do to save myself. please help. need your advise, totally freaking out.
New User Question Deals
Car totaled, not at fault - how to make sure I don't get screwed?
Added on : Thursday May 01st 2014 03:00:07 PM
g: 0 Posted By: T800
Views: 174 Replies: 6 My wife was in an accident today and the car will probably be totaled. Just looking for pointers or advice here so we don't get screwed by our insurance company or the other driver. The car is a 2012 Prius with full coverage through Progressive.

She was traveling on the interstate, there was a highway truck with 2 workers working on the left shoulder well out of the lanes of traffic. SUV ahead of her started drifting straight into the truck on the shoulder. Ended up hitting the truck on the right rear corner which rotated the SUV right into the traffic lane, then the Prius hit into the drivers side of the SUV and both driver's upper and lower airbags deployed. After hitting the SUV the wife's car slid across traffic lanes and ended up on the right shoulder. My wife is pregnant and was taken by ambulance to the ER to be checked out. No apparent spinal issues and baby seems fine via ultrasound. She has another appointment with her regular doctor tomorrow. The SUV didn't fare so well hitting the larger stationary truck, I heard both of her legs are broken and she was undergoing surgery and this makes sense as the SUV crushed pretty far into the driver's seat area.

We did not get the other driver's info and do not know if they are insured. The police probably have all of this info and I have a case number for their filing. The police told me she would probably be found at fault as it's clear she drove off the road into the construction truck causing the accident. They also said she has a revoked license and has a history of seizures.

I filed a claim with Progressive and they will have an adjuster contact me tomorrow. What should I do to make sure we are made whole with regards to medical bills and car replacement? Appreciate any input, sorry if this is a basic question but I have never been in this situation before.
Question Deals
TITLE INS-LENDER COVERAGE TITLE INS-OWNERS COVERAGE Question
Added on : Thursday May 01st 2014 07:00:08 AM
g: 0 Posted By: faltutp
Views: 120 Replies: 0 I have done search in Fatwallet. and have read few main threads from beginning to end ( link 1,link 2)I am better educated now after reading those but still more confused.

I am in State of WA. Jumbo Home loansingle family 20+ old home (nor Refi) for 650K with Wells as lender. I am getting quoted the following price for 1103 TITLE INS-OWNERS COVERAGE 1982.201102 CLOSING/ESCROW/SETTLEMENT 850.00
I have requested lender list of endorsements needed for lender insurance but they have asked me to contact Title Company. Can GEO or others help me.

I need to understand how to ask the right questions to bring this cost down and if this is a higher price. Also do i need to waive Owners coverage? I understand the need but most of the discussion i saw was around some foreclosed property. Can you please suggest?
Real Estate Deals
g: 0 Posted By: remick
Views: 105 Replies: 0 http://www.mercuryinsurance.com/padres/

NO PURCHASE NECESSARY TO PARTICIPATE. Eligible quote must be completed by May 31, 2014 at 11:59 p.m. PT. Promotion code PADRES must be entered at time of quote in field marked "promotion code." Offer valid for licensed CA drivers age 21 and older residing in California who are not current Mercury auto customers at time of quote. Eligible participants receive one (1) Ticket Code redeemable for two (2) complimentary Upper Reserve tickets. Subject to blackout dates and availability. While supplies last. No cash value. Limit one (1) Ticket Code per household and/or e-mail address. Additional rules and restrictions apply

Ticket Code valid for 2014 season Padres home games, excluding the following blackout dates: 3/31, 6/21, 6/20, 7/5, 8/29, 8/30, 4/11, 4/12, 4/18, 4/19, 5/24, 6/7, 6/22, 6/28, 7/4, 7/6, 7/19, 8/2, 8/31, 9/19, 9/20, 9/21.
Totally Free Deals
Mortgage servicer fails to pay property taxes
Added on : Thursday May 01st 2014 02:00:07 AM
g: 0 Posted By: okwiater
Views: 80 Replies: 1 My mortgage servicer maintains an escrow account for property taxes and homeowners insurance. I received a copy of my 2012 property tax bill in July of 2013 from the county, and called them on July 27 to ensure they had received and would pay it. They said they would. Fast forward to April of 2014. I received a notice from the county on April 10 informing me that due to an unpaid tax bill they would move to place a tax lien on the property by May 1, and the lien would be auctioned on May 15. I called the lender that same day and informed them of the notice. They requested that I fax the bill to them, which I did that same day. On April 21, I checked with the county and determined that the bill had not yet been paid. So I called the servicer again and they informed me that they were actively engaging with my county's tax office and that the bill would be paid within "a few days." On April 28, I checked with the county again and determined that the bill had still not been paid. So I called the servicer yet again and they promised the issue would be escalated and the bill would absolutely be paid by April 30. Much to my surprise, I received an e-mail from them confirming that the bill had been paid and the funds deducted from escrow. Today, I checked with the county again and the bill is still unpaid. Also, since it is a new month, additional interest as well as a tax lien fee has been added to the account. My guess is the lender put the payment in the regular mail, and now the amount they sent won't be sufficient to cover the outstanding balance.

What should I do here? Obviously I'm not going to let the tax lien be auctioned and will resolve any outstanding balance before the 15th from my own pocket; however, I'm pissed about the lender's negligence having racked up $400 in interest and fees. The ideal scenario would be for the lender to reimburse the interest and fees, as well as to get the escrow removed from my mortgage. Do I have any leverage (under RESPA or any other consumer protection laws) to force the issue? Or are these things generally written in such a way that even their failure to pay the bills from my escrowed funds is somehow not a breach of contract or statute?

Note: I have made every one of my mortgage payments on time since the inception of the mortgage.
Real Estate Deals
S&P: ACA could save large companies $700b
Added on : Thursday May 01st 2014 12:00:07 AM
g: 0 Posted By: tuphat
Views: 15 Replies: 0 From Standard & Poors' Global Market Intelligence. Excerpt below, full report attached.

Overview
By shifting insurance responsibility to the employee, the ACA presents an opportunity for
U.S. companies to radically redefine the role they play in the health care system.

Using its proprietary model, S&P Capital IQ Global Market Intelligence estimates that the
Affordable Care Act could save S&P 500 companies nearly $700 billion through 2025.

These potential savings represent about 4% of the S&P 500's current market capitalization.

For U.S. companies with 50 or more employees, total savings to businesses could amount to
$3.25 trillion through 2025.

According to model estimates, employers are set to benefit the most as the government takes
on a larger funding role.
Discussion Deals
Walmart entering Auto insurance
Added on : Wednesday April 30th 2014 07:00:11 AM
g: 0 Posted By: anusha123
Views: 129 Replies: 2 WalMart entering auto insurance

The service is available immediately in eight states Arkansas, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, Tennessee and Texas.
It will be available nationwide in the next few months.

http://www.walmart.com/cp/Auto-Insurance/1224847

Article link :Link
General Economics Deals
Family financial planning? Wills? Trusts?
Added on : Tuesday April 29th 2014 04:00:04 AM
g: 0 Posted By: letsspendlotsofmoney
Views: 60 Replies: 1 Not sure where to start but here are a few basics:

46 years old
Widowed father of four children ages 12, 20, 21 and 24

Assets:
401k worth about $400k
$100k equity in home I owe about $56k with 28 years remaining and paying and additional $350 each month towards principal
$80k salary
$75k whole life policy from 20 years ago
$500k life insurance through work (thinking I need my own term 15-20years)

What type of estate planning should I do? I don't currently have a will.
Should I create a trust to care for my youngest daughter?
Who should be the beneficiaries of my insurance and 401k if something should happen? children directly? Trust?
How many years of term life should I be thinking? 15 should get my youngest through college
What amounts of insurance? 5-1 X salary? more or less?
If for some reason I were to remarry in the future, how would I protect my children financially? just in case she's a gold digger, and I don't have a lot of gold... Would a trust for the children be the best place? Prenup?

Whay type of lawyer should I use?
Approximate cost to set these types of thing up?

After my wife passed 10 year ago I knew I should have thought about this type of stuff...

I am open to suggestions and no current woman to give you photos of... I don't own a crown vic, M////,
Personal Finance Deals
Free Transunion credit score
Added on : Monday April 28th 2014 02:00:05 PM
g: 0 Posted By: BenH
Views: 135 Replies: 0 So, I was following up on the Metromile Insurance from this thread:
http://www.fullofdeals.com/forums/deal-discussion/1354490

You can read about my experience with that there...but, since these guys use your TU score to give you an insurance rating, they actually tell you what your score is.
You have to fill out the info for a car insurance quote, but once you submit that they come back with your final rate and a button that says "Top Factors Affecting Your Insurance Score."
If you click on that it will tell you what TU says your credit score it.
Deal Deals
Auto Loan Trouble
Added on : Monday April 28th 2014 07:00:12 AM
g: 0 Posted By: whyhello
Views: 163 Replies: 3 Started July-2013 - July 2018
13k Car
Interest Rate 15%
12k Balance Amount
$350/monthly payment - 60/months
Car Insurance - $220

^^^^These are rough estimates -


She is expecting a baby in November and plans to work after a couple of months after the baby is born. Providing childcare and this car payment/insurance, she will not have enough money. She has an uncle who is giving her an old civic which she can use for transportation, but wants to get out of this auto loan. Any suggestions?

Personal Finance Deals
g: 0 Posted By: ozer5190
Views: 74 Replies: 2 I inherited a murano style glass statue that was packed and shipped by UPS. It was insured for $2,000. I would like to try to have the statue fixed, it was commissioned by my parents and has their name on it.
UPS said that I would have to give them the statue if I was to collect on the insurance. Can I sue them for poor packaging in small claims court?

New User Question Deals
g: 0 Posted By: linrick
Views: 226 Replies: 1 everyone is selling this same set for $99+.

i found this at mansfield texas location for $65.80 (YMMV on locations & availability.) i used code 47000RRRRR0659R (thanks to post from herefor $10 off $50.)

2-3/8-in White Door Jamb Armor Set

the only patented solution that protects the jamb, door and hinges to protect your home and help eliminate kick-in damage
Inexpensive, attractive and effective alternative to "security doors" and screens- pieces are barely visible once installed and can be painted to match your door color
Does not require removal, replacement or alteration of the door or jamb- no routing, chiseling or cutting is necessary
Can be installed in under an hour by the average do-it-yourselfer
Warranty: 200 towards homeowners insurance deductible if product fails

very impressive video here

linkymoo
Home & Garden Deals

Lowe's Coupons
g: 0 Posted By: MISTERCHEAP
Views: 187 Replies: 0 20% offregular price itemsat Walgreens stores
one day only, 05/06/14
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.


Looks like they are changing the "rules" of this. It used to be 15-20% off on all stuff, sale or regular prices. BOO Walgreens!!

SEE ON PAGE 1 of ad here:

http://images.iheartwags.com/ad_scans/2014/0504/walgreens-050414...
Grocery Deals

Walgreens Coupons
Advice on Landlord Insurance - Renting out ONLY primary residence.
Added on : Friday April 25th 2014 01:00:12 PM
g: 0 Posted By: hedwigdaowl
Views: 86 Replies: 1 I own a home currently and am looking to rent it out in the next few weeks. I will be traveling back to my country for 4-6 months and so wont be renting another place or have a primary residence. I have home owners insurance throuh AllState and Car insurance through Geico.

My car will be transferred (lease) to another person next week and so I will remove it from Geico next week. I asked All State to convert my home owner's insurance to a "landlord" insurance and they said they cant do it until I have auto insurance with them. And Geico wont write a landlord insurance unless I have another primary residence in the US. Same answers from Liberty Insurance.

My question:
Can I get a landlord insurance (protect against any personal liability after tenant moves in and any damages like fire and water to the home) when I dont have a primary residence here? I will have the tenants get renters insurance - but I dont think that protects the home right (like water damage due to a leak or any liability)?
And can I get Umbrella insurance in such a situation - no auto, just a home thats rented out?
Feels like I would become an investor who lives outside the US? What do they do to protect the rental properties?

Thanks!
Question Deals
Auto liability insurance for occasional driver
Added on : Friday April 25th 2014 08:00:11 AM
g: 0 Posted By: mike212
Views: 135 Replies: 1 I don't own a car so I don't have auto insurance so when I rent a car I always take the supplemental liability insurance, since I would otherwise be fully exposed in a lawsuit. That takes care of car rentals, but how about when I borrow someone else's car. Does the car owner's insurance provide me any liability protection if I am driving the car?
Discussion Deals
Individual health insurance market is closed
Added on : Thursday April 24th 2014 10:00:10 AM
g: 1 Posted By: yzj
Views: 145 Replies: 0 Just a heads up: As a consequence of the Affordable Care Act, you can no longer just buy an individual health insurance plan . It doesn't matter how healthy you are, or how much money you can pay. The market for individual health insurance has effectively been shut down until the next open enrollment period in November (barring a qualifying life event). The reason is simple: health insurance companies can no longer reject applicants with pre-existing conditions under the ACA, so they would have to be suicidal to accept new applicants before the next open enrollment period, since the majority of them would be people with medical conditions needing immediate care. Many young healthy individuals may have made a financial decision to skip buying health insurance, but if they change their mind they had better get married or move to another state, qualifying events that would allow them to purchase insurance before November. Otherwise they are now locked out of the marketplace and might want to look at short term insurance or medical discount plans as alternatives.

http://www.foxnews.com/politics/2014/04/09/latest-obamacare-surp...


General Economics Deals
Temporary health insurance vs Obamacare?
Added on : Wednesday April 23rd 2014 04:00:09 PM
g: 0 Posted By: mikeg1
Views: 91 Replies: 1 I'm a healthy 29 y/o single male with no tobacco usage. I'm looking at switching jobs on June 1 or July 1.

Temporary health insurance plans from BCBS (Texas) cost significantly less than comparable Obamacare plans. Is there any downside to opting for a "7-12 month" temporary health insurance plan from BCBS ($2 million maximum payout) that happens to end on a date coinciding with the next Obamacare open enrollment period? The Obamacare open enrollment period for 2015 coverage is November 15, 2014 February 15, 2015.

If I stay healthy, I believe I can sign-up for another temporary 7-12 month health insurance plan.

If I were to get sick, I believe I switch to Obamacare on the next open enrollment period (with a higher rate premium, due to it being Obamacare, but guaranteed long-term coverage).

Do I need to worry about the risk of Obamacare no longer being offered as scheduled due to legislative changes?

Car Insurance - Huge Drop?
Added on : Wednesday April 23rd 2014 09:00:09 AM
g: 0 Posted By: smc733
Views: 89 Replies: 0 Hi All,

First time poster, long time lurker here. Looking forward to joining some awesome discussions around here.

I have a rather interesting story, I'm wondering if anything can shed light onto this unexpected but appreciated sudden drop in my car insurance rates. I'm with one of the larger companies.

Backstory
I just turned 23
Moved to a different apartment in the same complex, safe, upper-middle class town in MA, ~20min from Boston
Drive a 2011 compact, owned outright. Foreign with good accident ratings.
Been with company for roughly 2 years, same with employer, making in the high 50s. No credit inquiries in these last two years

When moving, my company re-processed my insurance rates.

My premium was a little above $2k a year before moving, but in changing the address, the new premium is $1,200 annually, NOT for the rest of the year (Yes, a $800 drop). About the only things I can think that could have influenced this drop are:
-6 years with license
-6 year old accident aged off (MA law), yes, I got in an accident right after getting my license. There are no other violations on my driving record.

Could the accident coming off REALLY have that much of an influence? Surely it wasn't moving in the same zip code. Should I expect a "we screwed up" letter soon? This figure does seem in line with what many my age are paying, though, I was always paying more than most of my peers.
Personal Finance Deals
Geico Car Insurance 8% Discount for Owning Berkshire Hathaway Stocks
Added on : Tuesday April 22nd 2014 06:00:06 PM
g: 2 Posted By: MrsGuin
Views: 355 Replies: 2 1. Buy One or more shares of BRK.B into your brokerage account if you don't own any. This is the stock you need to buy to get discount
https://www.google.com/finance?q=NYSE%3ABRK.B
2. Call Geico customer care 1-800-861-8380 and inform them that you are a share holder of Berkshire Hataway and you want to add affiliation discount program to your account.
Other Possible Discounts:
https://www.geico.com/about/sponsoredmarketing/partners/
Services Deals
Target offering Credit Monitoring Free for 1 year
Added on : Monday April 21st 2014 08:00:06 PM
g: 0 Posted By: dontemailmepeep
Views: 302 Replies: 0 Get validation code by 4/23/14 and activate by 4/30/14
See below for info!

Last week, Target announced that we would offer one year of free credit monitoring and identity theft protection to all Target guests who shopped U.S. stores, to provide an added safeguard following the recent data breach.

After a thorough review of options, Target has chosen ProtectMyID, provided by Experiana leading global information services company that helps individuals understand and keep track of their credit reports, as well as monitor for and resolve identity theft. Request an activation code before April 23, 2014 and then register for the offer through ProtectMyID before April 30, 2014.

In addition to a complimentary copy of their credit report, guests who sign up will receive daily credit monitoring, identity theft insurance (except where prohibited by law), and have access to personalized assistance from a highly trained Fraud Resolution Agent. Access to the Fraud Resolution Agent will continue even after other benefits of the initial one-year ProtectMyID membership expire. After 12 months, those who register have the option to continue their memberships at their own expense.

This ProtectMyID package includes the necessary tools guests need for credit monitoring and identity theft protection. It does not include Experian credit score or reports from Equifax and TransUnion. When visiting the enrollment site, guests will have the option to purchase these additional products at their own expense if they choose, but are not required to purchase a credit score to receive the benefits of credit monitoring and identity theft protection.



How to Enroll

Enrolling online is fast, secure, easy and accessible at any time. Here's how to register:

Visit creditmonitoring.Target.com to request an activation code. Guests will be required to submit their name and an email address. After submitting their information, Target will email guests within 72 hours with their unique activation code and directions for how to enroll in ProtectMyID. Guests should look for this email and check that it does not end up in a junk mailbox. Emails collected during this process will only be used for the purpose of sending an activation code for free credit monitoring.
Totally Free Deals
Target offering Credit Monitoring Free for 1 year
Added on : Monday April 21st 2014 07:00:05 PM
g: 0 Posted By: dontemailmepeep
Views: 179 Replies: 0 Get validation code by 4/23/14 and activate by 4/30/14
See below for info!

Last week, Target announced that we would offer one year of free credit monitoring and identity theft protection to all Target guests who shopped U.S. stores, to provide an added safeguard following the recent data breach.

After a thorough review of options, Target has chosen ProtectMyID, provided by Experiana leading global information services company that helps individuals understand and keep track of their credit reports, as well as monitor for and resolve identity theft. Request an activation code before April 23, 2014 and then register for the offer through ProtectMyID before April 30, 2014.

In addition to a complimentary copy of their credit report, guests who sign up will receive daily credit monitoring, identity theft insurance (except where prohibited by law), and have access to personalized assistance from a highly trained Fraud Resolution Agent. Access to the Fraud Resolution Agent will continue even after other benefits of the initial one-year ProtectMyID membership expire. After 12 months, those who register have the option to continue their memberships at their own expense.

This ProtectMyID package includes the necessary tools guests need for credit monitoring and identity theft protection. It does not include Experian credit score or reports from Equifax and TransUnion. When visiting the enrollment site, guests will have the option to purchase these additional products at their own expense if they choose, but are not required to purchase a credit score to receive the benefits of credit monitoring and identity theft protection.



How to Enroll

Enrolling online is fast, secure, easy and accessible at any time. Here's how to register:

Visit creditmonitoring.Target.com to request an activation code. Guests will be required to submit their name and an email address. After submitting their information, Target will email guests within 72 hours with their unique activation code and directions for how to enroll in ProtectMyID. Guests should look for this email and check that it does not end up in a junk mailbox. Emails collected during this process will only be used for the purpose of sending an activation code for free credit monitoring.
Totally Free Deals
car accident advice
Added on : Monday April 21st 2014 01:00:17 PM
g: 0 Posted By: BE
Views: 65 Replies: 1 My car hit another car during a raining night, and I was at fault. I am now being sued for bodily injuries and ongoing pain and my insurance company has assigned an attorney to the case. The twist is the other party claimed I was reckless, for which the insurance is not covering damages. The insurance company told me they are hoping to "strike" the reckless claim, since I was not drunk or under influence, had a completely clean driving record prior to the accident.
So in this case, do I need to speak with an another attorney, or wait to see if the insurance is successful in striking the reckless claim? Thank you for your advice!
Question Deals
g: 0 Posted By: beaksunghyun
Views: 144 Replies: 1 It has been almost a month since the incident happened and I've been on the phone with both my insurance and USAA but it seems I can't do anything about it because CA gives the insurance company 30days to get a statement from their client. USAA said they had called several times and left several msgs but have not gotten a reply from their client. I am thinking about suing the person in a small claims court will this be better? this whole ordeal has been like hell and I just want it to end already.
General Economics Deals
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

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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

Get approved for a new FlexPerks Travel Rewards Visa Card issued by U.S. Bank1between 1/31/14 and 3/7/14, and make a purchase by 3/31/14 and you couldearn bonus FlexPoints for every medal Team USA wins at the Sochi 2014 Olympic Winter Games, courtesy of Visa!PLUS!All bonus FlexPoints you earn are in addition to the 20,000 Enrollment Bonus FlexPoints youll get when you spend $3,500 within the first four months.2New FlexPerks Travel Rewards Visa Signature and FlexPerks Business Travel Rewards Visa card applicants who apply between January 31, 2014, and March 7, 2014, at any participating U.S. Bank branch location, by calling 24-hour banking or apply online at flexperks.com/visapromotion, and are approved for either the FlexPerks Travel Rewards Visa Signature or FlexPerks Business Travel Rewards Card and make a minimum of one Net Purchase by March 31, 2014, can earn Sochi Olympic Bonus FlexPoints. 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.

Credit scores will not be offered to guests who sign up for the free year of credit monitoring. You do not need a credit score to receive the benefits of credit monitoring.
Services Deals

Target Coupons
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)
http://www.amazon.com/Personal-Finance-NOW-Understand-Management-ebook/dp/B00HHLW5RQ

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.
Books Deals

Amazon Coupons
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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TurboTax Coupons
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
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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!
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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.
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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
Health & Beauty Deals

Walgreens Coupons
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


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