Fatwallet.com Finance Our Mission - Serve consumers with knowledge, value and guidance. http://www.fatwallet.comhttp://www.fatwallet.com/rss_tv.php?c=52FatWallet.comhttp://www.fatwallet.com <![CDATA[Power of Attorney of overseas uncle]]> http://www.fatwallet.com/forums/finance/1407451/ Rating: 0 Posted By: RagingBull
Views: 107 Replies: 0

My uncle will be going overseas and won't be able to transact business while away and will plan to add me as power of attorney to his account so I can do wire transfers on his behalf possibly one or two times for purchasing a home. The problem is he is a foreigner and I am a US citizen. Just wondering if there will be any legal consequences for doing so and if i am doing large wires if there would be anything that gets reported. Thanks

Question Deals

http://www.fatwallet.com/forums/finance/1407451/ Sun, 23 Nov 2014 11:14:52 -0600
<![CDATA[Have to call recon line on every CC app - why?]]> http://www.fatwallet.com/forums/finance/1407393/ Rating: 0 Posted By: stevento
Views: 412 Replies: 3

Lately, I have to call the reconsideration line on every CC application for both me and wife.
We do get approved, but it gets tedious.
Both have credit scores in high 700's.
Credit utilization percentage is under 15%.
Credit inquiries range from 2 to 10, depending on the bureau.
No financial concerns.

When I call, the analysts say they just need to verify some info...and they approve.

Other than a high number of recent inquiries, I can't think what could trigger review every time, and with both Citi and Chase (AmEx seems to be less of a problem).
Is there anything in my report I should look for?

Question Deals

http://www.fatwallet.com/forums/finance/1407393/ Sun, 23 Nov 2014 06:42:50 -0600
<![CDATA[How to move funds from Wealthfront to Betterment without incurring capital gain]]> http://www.fatwallet.com/forums/finance/1407296/ Rating: 0 Posted By: njain
Views: 389 Replies: 3

Is there a way to move funds from Wealthfront to Betterment without incurring capital gain taxes?

I see that Betterment with tax-loss harvesting and lower fees may be better way to go. But can I move funds without incurring capital gain?


Tax Deals

http://www.fatwallet.com/forums/finance/1407296/ Sat, 22 Nov 2014 21:47:31 -0600
<![CDATA[Negotiating down a student loan in good standing]]> http://www.fatwallet.com/forums/finance/1407293/ Rating: -2 Posted By: RushnRockt
Views: 471 Replies: 8

I am moving out of the country in a couple of months and will still have ~$8000 worth of a federal student loan left in good standing (1.625% APR too). Once I move, getting money back to US to pay it off will be somewhat costly and I currently don't have the ability to pay down the whole amount, but probably could manage a somewhat smaller amount. Any experience out there in negotiating in this type of a situation? Thanks.

Question Deals

http://www.fatwallet.com/forums/finance/1407293/ Sat, 22 Nov 2014 21:15:20 -0600
<![CDATA[Health Insurance - One month cobra question]]> http://www.fatwallet.com/forums/finance/1407256/ Rating: 0 Posted By: pwitz
Views: 424 Replies: 2

I've seen you guys giving excellent advice in this forum and I was wondering if you could help with a question about COBRA.

We're currently on my wife's insurance until the end of November and she'll be moving to another job where we'll start getting coverage in January. Thus we will have a one month gap. We would like to avoid using COBRA for December because my job goes on a project by project basis (entertainment) and it unfortunately the last one ended abruptly.

The problem is I had an MRI showing sports related knee damage about a week and a half before she heard about and was hired for her new gig. Fortunately for me the immediate pain and need for treatment has gone away and I have been prescribed therapy that I can do at home. In other words I can sit tight indefinitely if need be. Unfortunately for me, I have some meniscus damage that will probably get worse over time and my require surgery a year, five years, ten years from now.

I'm having a lot of trouble finding answers to the question: if we forgo Cobra am I going to be out of luck if I need to fix my knee down the line? Or if I later want to make a follow up appointment?

My timeline for insurance coverage:
Covered Jan 14 - Nov 14 on her insurance
Covered July 14 - Jan 14 on my previous insurance

I'd appreciate any advice you guys could offer even if it's just helping clarify who I should ask what questions to.

tl;dr one month insurance gap. in good health, no need for current treatment but possibly a pre-existing knee condition needing work later. Am I screwed if I don't spend a crazy amount of money for one month of COBRA?

Insurance Deals

http://www.fatwallet.com/forums/finance/1407256/ Sat, 22 Nov 2014 16:16:05 -0600
<![CDATA[Teacher retirement? Should I get a ROTH IRA?]]> http://www.fatwallet.com/forums/finance/1407178/ Rating: 0 Posted By: xrobex
Views: 691 Replies: 10

I've been working as a teacher for 4 years now. I participate in the TeacherRetirement System of Texas. I put away about $350 a month. I wanto open a Roth IRA but does that mean I have to put money aside besides the $350 that I'm already doing? Also, where and how can I open the Roth IRA?

Question Deals

http://www.fatwallet.com/forums/finance/1407178/ Sat, 22 Nov 2014 10:28:08 -0600
<![CDATA[taxable gain when cashing out life insurance policy]]> http://www.fatwallet.com/forums/finance/1407117/ Rating: 1 Posted By: crabbing
Views: 576 Replies: 6

one of my spouse's parents took out a life insurance policy that earned interest on the premiums paid. this year, we persuaded them that the increasing premiums weren't worth it, so we cashed it out. over the life of the policy, we earned over $20,000 over the premiums paid, and when we cashed out, this became taxable (the total cashed out was obviously more).

can we put this $20,000 somewhere so that it will be either tax-deferred, or can we even put it somewhere where it will not be taxable? and if so, can we do this with just the interest earnings, or do we need to invest/defer the entire cashout amount of the policy (ie. not just the $20,000)?

or is it just income no matter what we do with it?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1407117/ Sat, 22 Nov 2014 05:29:54 -0600
<![CDATA[Chase Freedom vs Amex BCE vs Discover IT]]> http://www.fatwallet.com/forums/finance/1407084/ Rating: -2 Posted By: Logan71
Views: 751 Replies: 10

I have the Amex offer from snail mail ($200 back plus 1yr Amazon Prime) sitting on the counter, vs a Chase offer for $200 back on $500, vs Discover IT for $150 back (plus 5% on Shop Discover I'm assuming)

Does anyone have a preference? I have a Chase-branded Amazon card already, and my gut feeling is that the Chase offering above, as well as the 'IT' card are mid-tier offerings. Can/should I apply for others with a 775 credit score?

Thanks in advance...

Discussion Deals

http://www.fatwallet.com/forums/finance/1407084/ Fri, 21 Nov 2014 23:12:59 -0600
<![CDATA[Facing Foreclosure On 2nd Mortgage, Any Advice Would Be Greatly Appreciated.]]> http://www.fatwallet.com/forums/finance/1407077/ Rating: 0 Posted By: shawnmid
Views: 983 Replies: 11

I have a good friend who is facing some issues with his mortgage company over his second note. The problem is that they are calling the note (100k). Approximately ten years ago (the length in which the note would be called) he had taken out a second mortgage against his home at a Balloon rate. He has made every single payment on time but he is unable to get refinanced due to a Bankruptcy he was forced to undergo during the economic down turn. They also stated that due to the fact that he was late on a singular payment, he was not eligible for a modification of his loan. So at this point, his credit is making a recovery but he is unable to get refinanced nor is the company who holds this second note, willing to negotiate. Are there any type of modification ideas or solutions to this debacle? Any companies he may be able to reach out too who can properly consult him on his options? Or even a measure to blockade them from calling this note? I do know that he owes a considerable amount on both notes so there is little to no equity to be utilized. Any help would be greatly appreciated.

New User Question Deals

http://www.fatwallet.com/forums/finance/1407077/ Fri, 21 Nov 2014 22:31:17 -0600
<![CDATA[Fixing error on credit report involving a large disorganized creditor (think Comcast or Sallie Mae) no collection agency]]> http://www.fatwallet.com/forums/finance/1407071/ Rating: 2 Posted By: Gauss44
Views: 792 Replies: 16

In short, Sallie Mae ruined my credit with a few inaccurate reports of 60 days late. Sallie Mae customer service has been telling me that they will fix the problem since September. I sent letters to the credit bureaus to dispute this twice. No results, errors still on reports. I am thinking about suing either Sallie Mae and/or the credit bureaus. I would appreciate any help with this. (No collection agency is involved.)

Detailed version is below, but probably not necessary.

The Problem: I pay Sallie Mae one monthly lump-sum payment that covers the monthly payment for all of the loans I have with them. This worked just fine for a couple years. Then a few months ago, a few of my Sallie Mae loans showed up on my credit report as being 30-60 days late, which they were not. Payments were made on time. Sallie Mae basically goofed and failed to update their system properly to reflect my payment.

What My Credit Report Says: Listed under, "Potentially Negative Accounts," my credit report inaccurately states that I was 60 and 30 days late on 4 Sallie Mae accounts in June and July. For August through the present, it reports a status of, "OK." The accounts currently say, "Paid as Agreed."

When I Contacted Sallie Mae: I contacted Sallie Mae several times over the phone. The majority of customer service personnel I've spoken with, supervisors included, do not understand credit reports. They say that since my credit report is currently showing, "paid as agreed," that there's no problem. So, I call back until I get someone who understands that 30-60 days late in June and July is a problem, and ask for help getting that inaccurate statement removed from my credit report. A couple times now (in September and again in October), Sallie Mae's customer service promised that my credit report would be corrected. They agreed that I have not missed any payments this year, and that I have paid the full amount due every single month. Sallie Mae's customer service says that they are not allowed to send me a letter confirming my payment.

Lack of Evidence Online and on Monthly Statement: Sallie Mae did not send me a monthly statement and no longer has statements available on their website (at all, for any month). On their website, they only provide an amount due and a payment history. The payment history they provide is a nightmare and difficult to make sense of. (Here's why: I pay $500 a month. On the payment history, you never see the figure, $500. Sallie Mae divides that number into smaller payments for each of my loans they service. You never see those numbers (payments toward each loan) either, because those smaller numbers are divided again into other categories like, amount toward principle, amount toward interest, etc. What actually appears on Sallie Mae's "Payment History" page is an almost never ending list of, "$8 to principle, $10 to principle, blah blah to principle, $4 to interest, $25 to interest, etc. You cannot tell which amounts apply to what loan or much of anything from that mess.) Then the credit bureaus all block out the last 2 digits of each student loan identification number, so it's impossible to tell which loan they are referring to. (I've just described the problem as, "I've never been late on any loan payment from Sallie Mae, please correct the entries that claim I was late in June and July of 2014.")

Evidence I Have: I have copies of cancelled checks that show Sallie Mae did indeed receive $500 from me every single month this year. I've also kept copies of the last 2 letters I sent to the credit bureaus to dispute those entries.

Result: Despite all of this, my credit report has not been corrected. I am in the process of sending Sallie Mae a letter, but I am nowhere near sure that this will solve the problem.

(I think that I've finally read all the many threads about disputes with credit bureaus on here. While they were helpful, I did not see the answer to this particular issue. If I missed something, feel free to post a link.)

Credit Deals

http://www.fatwallet.com/forums/finance/1407071/ Fri, 21 Nov 2014 21:09:16 -0600
<![CDATA[Finding the latest markets for flipping items]]> http://www.fatwallet.com/forums/finance/1407058/ Rating: 0 Posted By: mastroadam
Views: 1271 Replies: 16

I've notice craigslist has been dying within the past year, more scammers and lowballers. Locally in eastern NC I've had success in the local yard sale pages on Facebook and dedicated websites (military). I never saw much activity on backpage, I think its used more for escorts. I get a lot of business on eBay, and sometimessnipe customers but it doesn't work for heavy items that I don't want to ship. One trick I've learned with craigslist is to post the same ad in all the surrounding locations for $1000+ items, gets more inquiries. What other markets do you use?

Discussion Deals

http://www.fatwallet.com/forums/finance/1407058/ Fri, 21 Nov 2014 19:32:39 -0600
<![CDATA[Anyone missing a bunch of sock-drawered credit cards?]]> http://www.fatwallet.com/forums/finance/1406972/ Rating: 9 Posted By: DiMAn0684
Views: 2973 Replies: 7

Boston.com said: TSA agents found a lot more than stuffing inside a teddy bear at Logan Airport Tuesday.

After discovering a mass inside the stuffed animal, authorities discovered dozens of credit cards hidden inside.

The cards all had different names, according to TSA officials. Dozens of cards wrapped in rubber bands are visible in a photo of the bear distributed by the agency.

Massachusetts State Police confiscated the bear and its bounty are investigating the incident.


Credit Deals

http://www.fatwallet.com/forums/finance/1406972/ Fri, 21 Nov 2014 15:58:24 -0600
<![CDATA[ADR Transfer Agent change w/out notice]]> http://www.fatwallet.com/forums/finance/1406857/ Rating: 0 Posted By: alienjedi
Views: 612 Replies: 9

So I have ADR shares in a company that was handled by BNY Mellon. BNY Mellon uses Computershare to handle their share access. Last week I notice my shares go missing from my Computershare account and it just says "No longer transfer agent." Turns out that JP Morgan is now the transfer agent, but they haven't sent me a letter or e-mail one. I feel like this is a giant grey area since the transfer agent said, you are not our customer, the company issuing the stock is.

This means that without my authorization, they force me to do business with a different company that may have different fees associated. Is this actually legal?

Investing Deals

http://www.fatwallet.com/forums/finance/1406857/ Fri, 21 Nov 2014 09:54:50 -0600
<![CDATA[Help me Pay Off my Grad School Loans]]> http://www.fatwallet.com/forums/finance/1406749/ Rating: 2 Posted By: matrix5k
Views: 1557 Replies: 18

I recently finished grad school and would like to ask for help in paying off my loans.I've been throwing every cent I have from work and credit card / checking bonuses into the loans. After the grace period ended, the early payments were divided between all loans instead of the highest interest rate loan. I've been trying to get Great Lakes to put the early payments towards the 6.55% loans only, but it's been an uphill battle. As an aside, I think it's ridiculous that grad students have to pay 6.8% or higher APR.

Stafford Loans: I set up $515/mo auto-pay to reduce APR by 0.25%
$8,307 - 6.55% APR
$7,281 - 6.55% APR
$3,786 - 6.55% APR
$10,018 - 5.16% APR
$6,108 - 5.16% APR

Undergrad loans: Not really worried about these. I set up $55/mo auto-pay to reduce APR by 0.25%
$3,283 - 3.88% APR
$7344 - 3.88% APR

Credit Card Debt: I paid the last semester with the 0% Chase Slate & Amex Everyday cards.
$12,479 Chase Slate(0% APR until 7/2015)
$8,560 Amex Everyday (0% APR until 7/2015)
$900 Other cards for various purchases (engagement ring setting, gas, food, etc)
I don't really keep track of my food/gas expenses every month. I know that I can cut those down significantly.

My FICO score is 760-770 range.

Rent - $625 plus $50 or so in utilities
Cell - $35/mo prepaid
Car Insurance - $900/year for full coverage

Income: I just got a new job with my shiny new degree. I take home about $1200 after taxes every 2 weeks right now, but it will be $3,000 every 2 weeks in about a month. I won't have benefits until I work for 3 months though, and I currently have no health insurance. My fiance and I should probably get married on paper first, since she already has benefits.I plan to propose within the next year. I have a ring already (it was given to me and I paid only for the setting).

Savings: I realize my emergency fund is really low but if I have a true emergency, I can always withdrawal from Chase checking or Roth IRA contributions right? Or charge to the 0% APR cards.
$2500 in a 2.25% rewards checking account
$1500 stuck in Chase checking (3 more months until I can close the account without losing $150 promo)
$500 in store credit cards - WalMart, Amazon, Staples, Best Buy, etc. Mostly as gifts or hot deals. Will try to use these for everyday spending before credit cards.
$121 in Schwab brokerage account

401k $41,000
Roth IRA $20,000
HSA $6,000

Car is paid off (5 year old Honda Accord)

I'm not sure if I should worry more about the 6.55% loans or the 0% APR ending on my credit cards when July rolls around. I can probably do more balance transfers but have to pay a 3% fee, unless another 0% BT fee card comes along.

I just got a BT offer from BoA for 0% APR until 7/2016 with 3% fee, my credit limit is $15,000. Should I use this to pay the loans now?
I plan to apply to refinance with SoFi or DRB. Should I wait until I have paystubs with my new job, or should I apply now with my lower income?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1406749/ Fri, 21 Nov 2014 01:16:26 -0600
<![CDATA[Tax Lien on parent's house]]> http://www.fatwallet.com/forums/finance/1406685/ Rating: 2 Posted By: sliqx
Views: 1724 Replies: 26

Hey guys, just had a general question. My parents are on social security with that as their only income. The house is pretty much their only asset, minus the two cars they drive. Dad's 66. Mom's 62. We received a "tax-lien certificate sale notice" in the mail today. My father hasn't been able to pay the property taxes since 2013. I'm a bit nervous as I'd hate for my parents to lose the house. Is there anything I can or should do? Are there any types of benefits for elderly who don't work?

Question Deals

http://www.fatwallet.com/forums/finance/1406685/ Thu, 20 Nov 2014 20:22:55 -0600
<![CDATA[Claiming Sched A Med deduction on MA return, standard on federal?]]> http://www.fatwallet.com/forums/finance/1406682/ Rating: 0 Posted By: motuwallet
Views: 618 Replies: 2

I recently got a notice from MA state claiming I owe extra taxes for 2011 because they disallowed some medical deductions I claimed from US Schedule A, line 4.

I looked back at my TurboTax filings, and apparently I claimed the standard deduction on my federal return. I'm guessing in that case, since I didn't file Schedule A federally, I'm not allowed to claim it on my state return. So it's a legitimate mistake and I should pay the extra tax.

Does this sounds accurate? Is there any scenario in which I could claim the Sched A med deductions on my state return without having claimed it on my Federal return?

Question Deals

http://www.fatwallet.com/forums/finance/1406682/ Thu, 20 Nov 2014 20:09:01 -0600
<![CDATA[Google Wallet No Fee Debit Card]]> http://www.fatwallet.com/forums/finance/1406678/ Rating: 0 Posted By: TheAccountant
Views: 905 Replies: 3

Logged in to my account and it appears google wallet got rid of fees for debit cards. This will be great for those with a rewards debit card

Discussion Deals

http://www.fatwallet.com/forums/finance/1406678/ Thu, 20 Nov 2014 19:44:12 -0600
<![CDATA[How is this possible?]]> http://www.fatwallet.com/forums/finance/1406609/ Rating: -4 Posted By: alamo11
Views: 1865 Replies: 23

So I'm needing another car for a friend who is coming from overseas for a few years. My cars get lots of miles so I decided to buy him a new car (business expense).

Thing is I think the deal being offered by a dealer is too good to be true. This is for a popular but not extremely popular car. 2014 model and its the last one left at this dealership.

I sent them an email asking for a quote. From there I negotiated a bit.

MSRP: $19,500
Invoice $18,300
My price: $12,900.

I have a signed letter by the manager saying this is the price I will get when I drive down there.. I'm like 6 hours away.

How is this possible? I understand holdbacks but aren't they a max of like 3%?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1406609/ Thu, 20 Nov 2014 16:08:14 -0600
<![CDATA[Reducing self employment tax via rentals]]> http://www.fatwallet.com/forums/finance/1406489/ Rating: 0 Posted By: bluegreenturtle
Views: 1127 Replies: 14

I'm a self-employed filmmaker. I personally own large amounts of equipment that's used in my work and have a passthrough LLC. Can I lease that equipment to my LLC to shield some of my income from Self-employment taxes?

Per this article: http://keitercpa.com/wp-content/uploads/2013/02/How-Leasing-Prop...

Tax Deals

http://www.fatwallet.com/forums/finance/1406489/ Thu, 20 Nov 2014 09:40:35 -0600
<![CDATA[BB&T Visa 4% On All Purchases for 90 Days with $50K Spend (Probably Regional)]]> http://www.fatwallet.com/forums/finance/1406461/ Rating: 8 Posted By: jamesboy
Views: 1619 Replies: 10


BB&T Spectrum Rewards credit cardholders can:
Earn 3% cash on all net qualified purchases for the first 90 days
Earn 1% cash on all net qualified purchases thereafter
Earn a 5% anniversary bonus on cash earned every year
Earn an additional 30% bonus on cash earned when spending $50,000 or more annually

3% on all purchases for 90 days+ 30% bonus on $50k spend + 5% bonus

YMMV on applying outside of their market area, AA practices, credit limits, cash equivalents, etc. Might be good to play around with.

Credit Deals

http://www.fatwallet.com/forums/finance/1406461/ Thu, 20 Nov 2014 07:48:58 -0600
<![CDATA[no fee payment processing - first 50K]]> http://www.fatwallet.com/forums/finance/1406356/ Rating: 5 Posted By: pillsdoughboy1
Views: 2903 Replies: 15

for a limited time: https://www.braintreepayments.com/features

How to use this is up to you....
Since it is web payment processing you will need a website.

Also, paypal sucks.

General Economics Deals

http://www.fatwallet.com/forums/finance/1406356/ Thu, 20 Nov 2014 01:07:19 -0600
<![CDATA[Sell mutual funds or stop retirement investing?]]> http://www.fatwallet.com/forums/finance/1406330/ Rating: 0 Posted By: gloriousfiftyrama
Views: 1273 Replies: 16

Hello everyone,
I have a quick question. I need ~ $10k for a home improvement project. I can either sell some mutual funds or stop my retirement investing for a few months to come up with the $. Which way is better and why? Thank you for your input. Gloria

New User Question Deals

http://www.fatwallet.com/forums/finance/1406330/ Wed, 19 Nov 2014 21:51:52 -0600
<![CDATA[Declaring BK - Inflated income on CC and loan apps. Will I go to jail?]]> http://www.fatwallet.com/forums/finance/1406320/ Rating: -1 Posted By: CrownVicSuperFan
Views: 3099 Replies: 72

I am in a very bad financial situation and it may be time to declare BK. I have a small business and I gross about 90k per year and net 60k. I declared income of 140k on several loan and CC apps about 3 years ago.

Auto loan balance is currently about 25k at 2.5% with Penfed, and the CC balances are over 120k (mostly 0% or 1.99% interest rate because of offers). My Fico score is in the 650 range mainly because of utilization.

I took the CC money and made some foolish business risks if anyone is wondering where the cash went. If you ever want to figure out how to turn 250k into 100k, just ask

I don't own a home or any real assets. I am 26 years old and married. We have 2 kids. Wife is 23 and pursuing grad school. Is there any chance I will see fraud charges or jail time if I decide to declare BK?

***Edit: I want to make it clear that I thought repayment would be no problem when I signed up for these loans. I didn't intend for this mess to happen. I thought I was being smart by borrowing money at a negligible interest rate and investing it. I quickly found out that even in the most stable industries, bad timing can cost you a lot of cash.

New User Question Deals

http://www.fatwallet.com/forums/finance/1406320/ Wed, 19 Nov 2014 20:31:07 -0600
<![CDATA[Medical billing dispute - lab ran tests a year later that were not needed]]> http://www.fatwallet.com/forums/finance/1406279/ Rating: 2 Posted By: seekay44
Views: 1642 Replies: 22

Have had a high-deductible plan w/ an HSA for the last few years.
Last year I had some sort of an allergic reaction to something, which showed up as a red rash on my forearms. Went to my family practice (Scripps Clinic), saw Dr. J who ordered a panel of allergy tests but also gave me a steroid and asked me to take Bendryl. If the rash didn't go away in a day or two, I was to go to the lab and get those tests done. The rash went away, and so I didn't go down to the lab.

Fast forward to this Oct and I went back to the same practice and this time saw Dr. N who ordered a regular blood panel as part of the annual physical.

I then got a bunch of EOBs from the insurance company, and all made sense except for one for $930+. After a couple of weeks of digging around and calling the doctor's office, I was finally told that it was the allergy lab tests that were never done in 2013. It seems it was my responsibility to get the "test cancelled" as once the doctor orders it, she can not take it back.

I'm not trying to shy away from paying my bills but it seems wrong that:
[a] its my responsibility and not the doctor's to get that cancelled
the lab didn't even bother to check if those tests were needed after more than a year and just automatically went ahead and did the tests. This is the one I find really weird...

I'm going to try and negotiate with them and see if I can get the bill reduced. From past experience, doctor's offices don't budge once I've received an EOB as they claim its the "negotiated" rate. What else should I try? Would prefer it doesn't end up in collections as that would impact my credit report and I'm looking to buy a house in the next year or two.

Question Deals

http://www.fatwallet.com/forums/finance/1406279/ Wed, 19 Nov 2014 17:01:25 -0600
<![CDATA[Rent current home out, buy a new home or rent a new home? ]]> http://www.fatwallet.com/forums/finance/1406263/ Rating: 0 Posted By: awebs
Views: 1508 Replies: 17

I found a few threads on this, but none of them seemed to be in as complicated a situation as we are in so I'm starting a new one. (Sorry if it seems redundant.)

In 2006, we bought a very small condo for 356k (we owe about 320K on it now). Last month, a comparable unit in our complex sold for 253K so that is probably close to what our unit is worth. In other words, we are still very under water.Since we bought the home, we have had a child and are planning to have another soon so we are outgrowing the amount of space we have.The best solution we can come up with is to rent our place out and try to buy a new place. The mortgage is one of those crazy housing bubble specials so right now, the payment is very low due to the low interest rate. Our first mortgage is $635, the second is $110, $282 for HOA and about $210 for property taxes for a total of $1237. We think we can get somewhere between $1400 and $1550 per month in rent for it. So we would make a bit of profit.

We have no child care costs since we work opposing schedules. We are working on paying off all of our non-mortgage debt (when we are done, we will have no car loans and no credit card debt), and we will then move on to saving up a down payment for a new place. We are willing to move into a rental ourselves and rent our place out in order to establish rental history, if we need to.

The kind of house we are looking for in today's market is about 400K.

This is a common enough situation, now on to the complexities:

1-My father in law is a coborrower on the loan. We have always had enough income to pay the loan and we have good credit, but we were very young and didn't have a long enough employment history to qualify by ourselves back in 2006. He has never paid anything toward the loan. Short sale has never seemed like an option because we don't want to hurt my husband's parents. I wasn't sure if this situation would affect our ability to qualify for a mortgage on another home.

2- Our combined income is $91,000 per year. Part of that is from tips which my husband's employer does withhold taxes from and report to the IRS. I assume this would be okay since it's all documented, but wasn't sure since this is the only time I've ever heard of someone actually paying taxes on tips? If you don't count the tips, our income falls to $83,000. I've crunched the numbers and either way, I don't think a bank would say we could afford 2 mortgages without counting our rental income, unless I calculated incorrectly.

3- Since our current loan is whacky and could go up or down with the interest rate, would this count against us?

4- We don't qualify for any HARP goodies. Our loan is not backed by Fannie or Freddie and the mortgage servicer has rejected our request for modification since we can afford to pay and have never missed a payment.

I know lenders are strict now about rental income not counting. Is there any hope for us?

How much should we plan to save for a down payment?

How long would we have to rent our place out in order to convince them to count the rental income?

How much cash reserve (other than the down payment) would we have to have?

I'm not sure how long it will take for us to qualify or if the interest rates or home prices will still even be affordable by then...

Are there any other options we should consider?

We also thought about just renting a bigger place for ourselves, but the rental market in our area is really hot so rent would be higher than the mortgage payment would be which just kind of hurts...

Thanks in advance for your help!

New User Question Deals

http://www.fatwallet.com/forums/finance/1406263/ Wed, 19 Nov 2014 15:58:15 -0600
<![CDATA[New to Health Insurance (Self Employed, Healthy, Possible Partner benefits)]]> http://www.fatwallet.com/forums/finance/1406251/ Rating: 0 Posted By: JPrea4
Views: 873 Replies: 5

Hello FatWallet,
I'm turning 26 and will be off my parents health insurance in January.

There is a possibility (I think) of getting on my girlfriends insurance through her work, as a domestic partner. (Dating 5 years, own house together, etc) However, it's my understanding that COBRA coverage does NOT extend to domestic partners, meaning if she lost her job - I'd be immediately out of luck. Also, my gf spoke to her friend in HR, and it sounds a little fuzzy about getting me on her insurance, since we aren't in any legal union besides owning a house together. We definitely do not want a "fight" with her HR dept. just to get me on her insurance for a couple years at the most, before we're married.

Therefore I've assumed I'll need to get my own health insurance, through the healthcare.gov website or perhaps through a local chamber of commerce.
I'm pretty healthy (no major illnesses, non smoker, only surgeries were for deviated septum, wisdom teeth), I have a very high income, and don't have any set doctors (just moved, if I get sick I'll have to find a new Dr. anyway, so network coverage isn't as big of a deal for me, I think) so from my research a high deductible plan with a low premium would be the best option for me, and then I should max out an HSA (or FSA?) to help offset any out of pocket costs.

Also, I'll be on my wife's health insurance once we are married, so this is a 1-3 year solution for health insurance.

I would appreciate hearing from anyone with an opinion on this. I have done research on pros and cons of different structures, but haven't started comparing plans on the healthcare site because I found it difficult to compare them if I didn't know exactly what I should be looking for in a plan, given my circumstances.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1406251/ Wed, 19 Nov 2014 14:54:44 -0600
<![CDATA[$1000 - Would Like to Turn It Into More, Ready to Take a Risk]]> http://www.fatwallet.com/forums/finance/1406202/ Rating: -5 Posted By: katykmcd
Views: 2714 Replies: 49

I recently received a small inheritance and have $1000 that I'd like to turn into more. There's no rush- I just want to play around with the money some, get creative, and see what I can do with it.

I'm a single mom of a 10 month old with a full-time job so I don't have a TON of extra time but I do have some!

I am invested and have a good savings as well as a 401k and 529 so I am reading/willing/able to take a small risk and try something new and out-of-the-box.

Some ideas I had on my own:

- FOREX trading (have concerns about the research and time needed to be successful though)
- Buying popular items in bulk and reselling (need idea for items)
- Purchasing a revenue generating website
- Flipping something simple?

Does anyone have any thoughts, advice, or experience to share with me?

Thank you in advance!

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1406202/ Wed, 19 Nov 2014 12:09:12 -0600
<![CDATA[Pet Insurance]]> http://www.fatwallet.com/forums/finance/1406173/ Rating: 3 Posted By: dfonticiell
Views: 2627 Replies: 48

I am getting a puppy next month and I was checking out Banfield plans, Petinsurance.com and others for pet insurance. What would you recommend? What has been your experience?

Discussion Deals

http://www.fatwallet.com/forums/finance/1406173/ Wed, 19 Nov 2014 10:34:31 -0600
<![CDATA[Cashing Out from own LLC by Owner? Issues?]]> http://www.fatwallet.com/forums/finance/1406014/ Rating: 0 Posted By: megakiss
Views: 1532 Replies: 14


New User Question Deals

http://www.fatwallet.com/forums/finance/1406014/ Tue, 18 Nov 2014 18:54:30 -0600
<![CDATA[Should I refinance while work is being done in my kitchen ceiling, especially the appraisal?]]> http://www.fatwallet.com/forums/finance/1405983/ Rating: 0 Posted By: sdora
Views: 1281 Replies: 5

Hello, I have been in contact with my refinance officer and was pretty close to applying for a cash-out refinancing on my mortgage, but at the same time a leak broke out in my ceiling. My insurance will cover the leak and have been in contact with a roofer to replace my flat top roof. My question is should I continue withthe refinancing application and have my house appraised with a hole in my kitchen ceiling? I will most likely be signing a contract for my roof in the next few days, however they will not be able to start up for another 3 weeks (I guess with the weather they are very very busy!). I can not get my kitchen walls replaced until my roof is completed, therefore will have to wait over a month or two to have everything completed. My main reason to rush is also because I had a hard check applied on my credit and afraid if I wait over a month they will have to do another one with a lower score. I am at 746 and at the border of one of the top tiers. I'm afraid if I go below 740 I may not be able to take out as much cash. If anyone has any advice, it would be greatly appreciated! Thanks so much in advance.

New User Question Deals

http://www.fatwallet.com/forums/finance/1405983/ Tue, 18 Nov 2014 17:35:58 -0600
<![CDATA[How does this scam/ripoff work?]]> http://www.fatwallet.com/forums/finance/1405968/ Rating: 4 Posted By: nasheedb
Views: 5113 Replies: 24

I received the following letter in the mail. I typed it out, word for word. All the grammar mistakes you see below, are present in the letter.
Scam letter said: Dear Home Owner:

I am writing because I am looking for someone who is interested in selling on their own (without a real estate agent) for a full price offer, might consider keeping your current loan in place for a while. During that time, we will cover 100% of all mortgage payments, property taxes and insurance as well as all maintenance and repairs on the property. (Don't worry, we are not conern about any late payments if there are any. We have the know how to work that out!)

We will then put the loan in our name, or sell, say in 3-4 years, at which time we'll retire the mortgage loan and repay any equity.

If this is something you'd like to discuss, please call us at your convenience at 877-xxx-xxxx (24/7)

Someone is always available to take your call.
[Early morning - During the day - Late at night}

Please call us at your first opportunity.

We Buy Home Full Price - All Cash or Terms Quick Close - Foreclosure OK - Tax Liens OK - No house too dirty, broken or ugly. We buy "as is" and ability to Close fast without any stress. No closing cost come out of your money. We pay everything! Our name says it all blah blah blah company.

Call today 877-xxx-xxxx (24 hours a day)

$$$Thanks a Million$$$, for taking the time to look over this letter

You'd have to be the biggest moron on the face of this planet to respond to a letter like this. However, it got my curiosity, what exactly are they trying to do? How are they scamming people? Are they taking over people's houses and renting them out? Are they buying houses for cash and making low-ball offers?

Discussion Deals

http://www.fatwallet.com/forums/finance/1405968/ Tue, 18 Nov 2014 16:24:59 -0600
<![CDATA[Gray Sheet Stock (CANN), trade or declare worthless?]]> http://www.fatwallet.com/forums/finance/1405953/ Rating: -1 Posted By: vegas4x4
Views: 998 Replies: 7

I have a small bit of shares which moved over to gray sheet (CANN). It's quoted at $2.50/sh, but no bid/ask and I have no method to sell it (I hold it at scottrade). I'd like to dispose of it this tax year so it can be a short term capital loss.

Is there any way I can sell it? The other option would be to see if I can get scottrade to declare it as worthless. $2.50sh would be better than nothing, but at this point the short term capital loss is worth more than the $2.50sh.

Any advice?

Question Deals

http://www.fatwallet.com/forums/finance/1405953/ Tue, 18 Nov 2014 15:36:31 -0600
<![CDATA[Sold car to dealer, now need check]]> http://www.fatwallet.com/forums/finance/1405951/ Rating: 2 Posted By: Airplanespaceman
Views: 2359 Replies: 23

I sold my car to a dealer (no trade in) on 10 November. Dealer told me up front that it typically takes 7 days to get a check issued, but mine should be sooner because I had the title in my name and I owned it outright. There was a holiday since car was sold. Today (18 November) dealer says the paperwork is with accounting and he will follow up in a couple days.

This does not seem reasonable and almost like the dealer is just delaying on purpose. Before I call the dealer back and make any demands as far as payment goes, does anyone have experience with a reasonable timeframe (especially considering it is past the normal date and far past my expected date)?

I don't want to make the dealer mad with unreasonable demands because I only have papers showing what they owe me (while they have the check and the car; however, I am starting to feel if I don't make any demands, I am never going to get paid.

Btw, this is an extremely large new luxury car dealer and my car price is a decent amount of money.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1405951/ Tue, 18 Nov 2014 15:33:24 -0600
<![CDATA[Penny Stock Glitch 11/17/14]]> http://www.fatwallet.com/forums/finance/1405939/ Rating: 2 Posted By: hustlenomics916
Views: 2683 Replies: 31

I just want to see if I was the only one to have this problem. I logged into my share builder account to notice one of my stocks (MJNA) was up from 40 cent to 14 dollars I immediate sold all shares. I checked my email confirmation to notice that the stock actually did not increase I called capitol one 360 ( share builder) they said there was a glitch in the numbers sent from their reporting agencies.

Investing Deals

http://www.fatwallet.com/forums/finance/1405939/ Tue, 18 Nov 2014 14:57:21 -0600
<![CDATA[Pension buyout - will this strategy work?]]> http://www.fatwallet.com/forums/finance/1405922/ Rating: 2 Posted By: Parthanon
Views: 2248 Replies: 9

My old employer is offering an early payout of my pension benefit. It's not particularly large and I've done the math and feel taking the money and putting it in an IRA will prove better in the long run. However, I would like to cash out some of the money (and yes I know this is not the best move but would be very helpful for our current situation). What I'm thinking is the following:

1) Roll over pension to IRA - this avoids tax and penalty
2) Convert some of IRA to Roth IRA - I would then be taxed on this amount
3) Withdraw from the Roth IRA - I can take out my contributions tax free at this point

Am I missing anything with this strategy? I feel like this way I can avoid the 10% penalty if I just took the cash. Any other thoughts (other than "don't withdraw any money")?

Thanks for your help!

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1405922/ Tue, 18 Nov 2014 13:54:38 -0600
<![CDATA[A 27-year-old millionaire reveals how he built his wealth]]> http://www.fatwallet.com/forums/finance/1405913/ Rating: -10 Posted By: homeguard
Views: 2190 Replies: 11

Check out this awesome article that yahoo has going.


Discussion Deals

http://www.fatwallet.com/forums/finance/1405913/ Tue, 18 Nov 2014 13:24:48 -0600
<![CDATA[Is this a prudent move to shelter eventual Life Insurance pay-out?]]> http://www.fatwallet.com/forums/finance/1405826/ Rating: 0 Posted By: rblakenyc
Views: 1231 Replies: 11

- My Dad is elderly, in decline and realistically has less than another year to live. He has long term care insurance and assets to cover his high-care assisted living situation. (My mom is deceased.)
- Besides myself and my siblings, my Dad's only other immediate relative is his sister (our aunt) whois also elderly and may or may not live more than a few more years. She is financially stable with a pension, her own home and what she describes as sufficient savings to do what she wants (all on a very modest scale). We get along well with her and want the best for her - and willend up caring for her if that becomes necessary. On the flip side, I expect we will inherit her estate when she passes.

The question:
- My Dad has listed my aunt as the beneficiary on several life insurance policies (totaling up to about $250k)for most of his life as his way of looking out for his "little sister".
-At this point, she is financially stable, doesnt seem to need or want the money and we will most likely inherit it from her when the time comes.
- I am wondering however, if she suffered an illness or otherwise required expensive care, would we be better off "sheltering" this insurance payout by changing the benificiary (rather than risking her burning through it before qualifying for medicare/medicaid)? We would only do so with full knowledge and agreement from them -both will want to do the prudent thing and us kids are committed to doing the right thing for both of them in any case.

Is this a prudent thing to consider?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1405826/ Tue, 18 Nov 2014 09:31:29 -0600
<![CDATA[Got Brent check but forgot to cash them. Can I find out if they will bounce?]]> http://www.fatwallet.com/forums/finance/1405775/ Rating: -6 Posted By: ghjs
Views: 1987 Replies: 22

I have some rent checks and need to find out if they will bounce or if the tenant can put a stop on it. My tenant is moving out at the end of the month. I live in san francisco.

Question Deals

http://www.fatwallet.com/forums/finance/1405775/ Tue, 18 Nov 2014 04:10:13 -0600
<![CDATA[In a serious bind with a botched used car purchase!!]]> http://www.fatwallet.com/forums/finance/1405701/ Rating: 0 Posted By: leftandwest
Views: 3019 Replies: 33

For everyone's convenience I'm going to try to make this as concise as possible. I had been making the payments on a relatives car for about a year, and during that time it was completely in my possession. Later on down the road, family member runs into serious financial trouble and needs to claim bankruptcy. To remove some of his debt and make the car fully mine, I got to bank, get a loan in my name, and send the check to my relative. After cashing the check his bankruptcy attorney tells him that if he pays of the car, or pays me back, it is considered being preferential to his creditors, and I could be held liable. For a few months we sat in a limbo period where I kept making my loan payments, and I thought he was making his. Turns out my relative is a scumbag, and wasn't making his payments, and now the car is supposed to be repossessed. So to get to my real question, what are my options? If I parted out the car that I paid for, what would be my liability? Must I surrender the car for repossession? What legal action can I take against someone claiming bankruptcy, and what could I expect if the court decides in my favor? Any help would be greatly appreciated! Thanks!

New User Question Deals

http://www.fatwallet.com/forums/finance/1405701/ Mon, 17 Nov 2014 19:20:05 -0600
<![CDATA[High Deductible versus Traditional]]> http://www.fatwallet.com/forums/finance/1405680/ Rating: 0 Posted By: akollman
Views: 1667 Replies: 10

I am having a hard time deciding what makes sense. Open enrollment is 1/1/15. I am currently on the High Deductible ("HD")plan. I am 4.5 months pregnant and due in April 2015. Since they cannot discriminate for a pre-existing condition, I can elect to change to the Traditional plan ("PPO")during open enrollment if I wish.

here are the two plans compared (Single as my husband is on his own):

HD w/ HSA account option:

Monthly premium: $122 ($1,464 annually)
Deductible: $3,000
OOP Limit: $4,000
Physician & office services: 0% co-pay (after deductible)
Emergency and Urgent: 0% co-pay (after deductible)
(pretty much everything - 0%)


Monthly premium: $211 ($2,532 annually)
Deductible: $500
OOP Limit: $3,000
Physician Home and Office: $20 co-pay
Emergency and Urgent: $200/20% co-insurance
pretty much everything else (hospitalization, etc) - 20% co-insurance

In terms of 2015 and what makes sense, it almost seems like it would be the same either way. If I pick the HD, I will be paying $1k less in premiums over the course of the year, but OOP max is $1k more. Am I comprehending this correctly? I making the assumption that my hospitals bills etc. will exceed $30k before any insurance kicks in. I think I need someone to explain to me how the 20% co-insurance works and how the $500 deductible is factored into the mix.

My other question - any repercussions for after the baby is born? We want to put the baby on my plan as my husband is self employed and does not receive the benefit of employer fringe benefits (besides the benefit of a tax deduction). So, once the baby is born, does the clock start over on the deductible since I would be essentially switching from a SINGLE-PLAN to a FAMILY-PLAN?

New User Question Deals

http://www.fatwallet.com/forums/finance/1405680/ Mon, 17 Nov 2014 18:01:40 -0600
<![CDATA[Amex Financial Review is back]]> http://www.fatwallet.com/forums/finance/1405657/ Rating: 2 Posted By: ltcm
Views: 3771 Replies: 41

Just FYI -- there hasn't been a current thread on this in a while, and there was some talk in old threads that the FR process had stopped. Well, it hit me yesterday (10-year Amex member, lots of accounts, never late, zero recurring balances, etc.). Talked to the rep today and she asked me to send in last 3 months of bank statements. I would have preferred pay stubs or tax returns, but she wouldn't budge. I went ahead and faxed them in to see what would happen. Once it's resolved, I'll post a bit more about what triggered this.

One question for those who have gone through this process -- once you send in docs, how long until a resolution was reached? Did you get any more phone calls, or did your status just change online?

Discussion Deals

http://www.fatwallet.com/forums/finance/1405657/ Mon, 17 Nov 2014 16:46:17 -0600
<![CDATA[LendingClub IPO - at least some lenders may be eligible for an allocation]]> http://www.fatwallet.com/forums/finance/1405629/ Rating: 2 Posted By: HKnight
Views: 4252 Replies: 29

Just received an email from LendingClub about a Directed Share Program stating they they expect to reserve a portion of their IPO shares for investors and asking for confirmation to share my contact information with Fidelity, the administrator of the directed share program. Keep a lookout for such an email...

Investing Deals

http://www.fatwallet.com/forums/finance/1405629/ Mon, 17 Nov 2014 15:19:02 -0600
<![CDATA[How to plan financially if you won't live until retirement?]]> http://www.fatwallet.com/forums/finance/1405572/ Rating: 46 Posted By: sailwind
Views: 5623 Replies: 50

I'm a 40yr old male that has just been diagnosed with end stage kidney failure. The best case scenario is if I get kidney transplants I can live for another 30 years, worst case I go on dialysis and survive for 10-15 years. Either way, it looks like I won't make it to retirement age of 70 and take distribution of my retirement savings as originally planned.

My priority now is to make sure my wife and my daughter are financially covered if I'm not around to provide for them. A key question I'm trying to decide is whether to continue to put money into my company's 401k now that I won't be using it in retirement. Is 401k still a good place to hoard as much money as possible so my wife can roll it over to her own IRA and make withdraws as necessary? Or is it better to keep things around as cash so it's readily available to her?

Some info:
- I don't qualify for any life insurance except the 1x salary at work
- We own a home with a small mortgage that she can easily pay for the next 27 years.
- The home have significant equity (60%) that she can draw on as needed.
- After 10 years, our combined retirement should be valued at 13x her current salary
- We're high income earners in higher tax bracket, so maxing 401k yearly helps with tax deductions.

What do you guys think? Is it worthwhile to continue contributing to retirement account? Is that still a better place to park money for her?

Boy I feel like Walter White in Breaking Bad. Any suggestions welcome!

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1405572/ Mon, 17 Nov 2014 12:54:49 -0600
<![CDATA[Car Accident: Advise on options]]> http://www.fatwallet.com/forums/finance/1405531/ Rating: -7 Posted By: mukkollu
Views: 1436 Replies: 3


I met with an accident 2 days back (Texas). I was driving a luxury SUV (2014 model, 3 months old). It is fault of the other guy who bumped into my car without stopping at the stop sign. That guy accepted that it was his fault to the Cop. Cop gave him citation. Passenger side of my car was damaged and all the air bags on the passenger side came off. I have the other guy's insurance information and reported to his insurance about the accident and also informed my insurance but told my insurance guys not to proceed because it is other guy's fault.

My worry is if they say it can be fixed, my car will have a lot of depreciation because of the accident.

Please advise what options do I have now?

Thanks in advance.


Personal Finance Deals

http://www.fatwallet.com/forums/finance/1405531/ Mon, 17 Nov 2014 11:11:23 -0600
<![CDATA[$10 Off at Amazon w/Citi Card as Default One-Click - *Mobile Only*]]> http://www.fatwallet.com/forums/finance/1405413/ Rating: 11 Posted By: wingz
Views: 3325 Replies: 9


Get $10 off at Amazon.com
To get $10 off your next purchase of qualifying products from Amazon.com with your Citi card, just change your 1-Click payment method to an eligible Citi credit card.
Limited offer. Restrictions apply. Blah, blah, blah ...

First, my apologies if this is posted elsewhere already. I did look.

So, I have the USA Today app on my iPad, and I'm scrolling through one of the articles that has a slideshow of pictures. Lately, they've been polluting the articles with incessant useless ads, which I normally scroll through quickly. This one, I passed up at least three times before I caught it.
Apparently, the link is only valid from a mobile device. It works on my iPad and (non-iPhone) cell phone. I could not get it to work from a Windows desktop.

Credit Deals

http://www.fatwallet.com/forums/finance/1405413/ Mon, 17 Nov 2014 05:09:16 -0600
<![CDATA[Appeal Of Using Quicken/Mint? What Benefits? Best Practices?]]> http://www.fatwallet.com/forums/finance/1405348/ Rating: 5 Posted By: itconsult
Views: 2227 Replies: 16

I've never used Quicken, Mint, or similar services. Quite frankly, I earn much more than I spend and I have frugal tendencies by nature so I don't really need a budget. However, it would be interesting for me to review my spending data. For one, I intermingle my personal and business reimbursible expenses across all of my credit cards to maximize rewards. If I used a Quicken-type program to import this data monthly, I'd like to be able to tag things as "business reimbursible" such that I am not counting those expenses against other categories like food that they might otherwise artificially inflate.

My main resistance to using one of these programs is privacy versus benefit. I am intrigued by the possibilities here but not yet convinced of the benefit. I do see a large privacy concern as now my data is being aggregated into yet one more company. I'm curious to hear what benefits people on this board realize from using one of these programs as well as what best practices exist that you've found.

Currently, I use an Excel spreadsheet to track my networth and it works well for me because I include in my networth a few items that are illiquid but have definitive values. I manually update them and it all just works. Would a Quicken do something like that?

Also, what things are you using these apps for? Tracking networth? Tracking investment portfolio return? Tracking expenses? Ensuring your business expenses were properly reimbursed? What actionable steps have you taken or could you conceivably take based on the information you're collecting and reviewing on your financial life?

Question Deals

http://www.fatwallet.com/forums/finance/1405348/ Sun, 16 Nov 2014 22:59:51 -0600
<![CDATA[LTC Insurance Needs]]> http://www.fatwallet.com/forums/finance/1405297/ Rating: 0 Posted By: sonpar06
Views: 1378 Replies: 0

I am looking to modofy my Life Insurance requirement. Recently Insurance Agent suggested that I should go for LTC Insurance. I am at age of 50 with Good Health. I work in Stressful IT envrionment. I live in NJ. I do have other Policies worth around 1 Million. My Father had Heart Attack One time and Throat Cancer with Voacal Chord Removed but still living strong at 79. I did look at many of LTC related Topics but would appreciate if Guidance is provided in decision making.

My questions are:
1) Is it worth going for LTC?
2) How much is good worth to go for?

Insurance Deals

http://www.fatwallet.com/forums/finance/1405297/ Sun, 16 Nov 2014 14:52:28 -0600
<![CDATA[Is this common? Cash/Debit only for giftcards @ Walgreens]]> http://www.fatwallet.com/forums/finance/1405296/ Rating: 0 Posted By: larryc
Views: 1881 Replies: 14

Was in my local Walgreens today browsing giftcards and saw the attached sign saying "Cash/Debit only for gift cards."
This was for merchant giftcards (Starbucks, Dominos, Barnes & Noble, etc), not just for visa/mastercard/amex gift cards.
This really surprised me and made me think: was this caused by the manufactured spend people, or simply credit card fraud in this particular Walgreens?
Anyone else see this?

Question Deals

http://www.fatwallet.com/forums/finance/1405296/ Sun, 16 Nov 2014 14:50:54 -0600
<![CDATA[Getting out of the military, looking for my next opportunity]]> http://www.fatwallet.com/forums/finance/1405289/ Rating: 4 Posted By: mastroadam
Views: 2669 Replies: 28

I'm 26 years old and getting out of the marine corps soon. I have a wife and two kids, free housing with my parents when I get out, two vehicles paid for, 25k in the bank, 10k in lending club that I am slowing taking out after they allowed institutional investors to have first dibs. I have three years experience prior to the military in the health food industry and six months in quality control, active security clearance, four years in air defense experience. I've been churning for the past four years, investing for the past six years. Interested in flipping things off slickdeals and rental income. My wife is bilingual, veteran, and has a disability (which from what I read lets us qualify for a VA loan minus the funding fee). I will be moving to the Chicago area in a few weeks and would like your input for any opportunitiesI might have overlooked.

Edit, I have an Associates deg and an Active security clearance.

Discussion Deals

http://www.fatwallet.com/forums/finance/1405289/ Sun, 16 Nov 2014 14:03:26 -0600
<![CDATA[Google Wallet for Digital Item Payments shutting down March 2015]]> http://www.fatwallet.com/forums/finance/1405287/ Rating: -2 Posted By: forbin4040
Views: 2384 Replies: 9


It appears that Google has decided to not compete with Paypal in the web payments dept and will shut down that service.
Not that I noticed too many websites that offered google wallet, but it's going to be zero.

Note : This does not affect the NFC version of Google wallet (Aka the one Apple pay is trying to kill), this is only the paypal competitor version. The website title is a bit misleading.

Edit : Looks like I read it wrong, it's for Digital Payments only.

Discussion Deals

http://www.fatwallet.com/forums/finance/1405287/ Sun, 16 Nov 2014 13:31:28 -0600