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[Trying to figure this out: Repay faster to avoid interest? Or wait it out to let rest of loan be forgiven?]]> http://www.fatwallet.com/forums/finance/1430960/ Rating: 0 Posted By: Archidebt
Views: 192 Replies: 6

Hi there, the math involved here can't be too difficult, but I'm an architect, not a finance guy, so I'm hoping you folks can help me determine the best course of action.
Check it out:
I have these 6 federal student loans from grad school, serviced by Granite State:

1. Original: $9,282.00 Left: $6,757.77 Rate: 6.55% Date Opened: 09/08/2006
2. Original:$10,000.00 Left: $6,712.88Rate: 2.08% Date Opened: 02/03/2006
3.Original:$9,631.00 Left: $6,619.49Rate:6.55% Date Opened: 08/22/2007
4.Original:$8,500.00 Left: $5,459.57Rate:6.55% Date Opened: 09/08/2006
5.Original:$8,500.00 Left: $5,459.55Rate:6.55% Date Opened: 08/22/2007
6.Original:$8,500.00 Left: $4,919.92Rate:2.08% Date Opened: 02/03/2006

Total Remaining to Pay: $35,680

What this comes out is a total minimum payment of $449 each month, where at this point about $150 is going to interest and the rest to principal.

I'm in a loan forgiveness program where after 20 years of payments, the rest of the unpaid loan will be forgiven.

Here is what I'm trying to figure out: now that I make more money (about $7,000 per month) and so I can afford to pay more on my loans, should I pay more each monthto try to pay them down faster and thus pay less interest in the long run? Say what if I paid 800 or 900 per month?Or should I keep paying the minimum and then let the rest beforgiven after another 11 or 12 years (the end of the 20 year term)? How much will be left at that time?

Another way of asking it is: whichis larger?:
A. The amount of interest I wont have to pay if I tackle the loans and pay a lot as fast as I can?
or
B. The amount that will be forgiven at the end of the 20 year term if I just continue to pay the minimum $449?

A third option is to refinance the loans with a 3rd party private bank like one of these: https://studentloanhero.com/featured/5-banks-to-refinance-your-s...

Also described in this post:http://www.reddit.com/r/StudentLoans/comments/2kf8bn/i_saved_300... I could refinance the whole thing at like 4% or less, would that be the best option?

Anyone got any idea how to figure this out?


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http://www.fatwallet.com/forums/finance/1430960/ Tue, 03 Mar 2015 22:46:44 -0600
<![CDATA[10% Ace Rewards Visa on pharmacy &Convenience stores ]]> http://www.fatwallet.com/forums/finance/1430952/ Rating: 0 Posted By: vickh
Views: 217 Replies: 1

Earn up to 10% in Ace Rewards points when you use your Ace Rewards Visa Card for all your pharmacy needs (up to $500 in category spend) at locations, including:
Drug stores and pharmacies
Convenience stores and mini markets

For every net $1 (purchases minus credits and returns) you spend on qualifying pharmacy purchases using your card, you'll earn 1% in Ace Rewards points (5 points per dollar). Plus, after the promotion period ends, you'll receive an additional 9% in bonus Ace Rewards points (45 points per $1 spent during the promotion period). So use your card and turn pharmacy purchases into Rewards!
Promotion runs from January 1 through March 31, 2015.

Q: Do gas purchases @ Convenience stores count?

https://promos.acerewardsvisa.com/promo/17/


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http://www.fatwallet.com/forums/finance/1430952/ Tue, 03 Mar 2015 22:05:38 -0600
<![CDATA[HP Class Action Lawsuit was finally resolved, wait for your check]]> http://www.fatwallet.com/forums/finance/1430941/ Rating: 4 Posted By: delhel
Views: 661 Replies: 1

Oh wait! surprise surprise. I was expecting a check, instead I got a $8 e-credit at HP store for printers and inks. Guess what you can buy with your $8 coupon? zlich, zero nada. On the other hand, the scumbag "class counsel" bagged 1.35 million in fees and another 500k in cost/expenses. Great deal for them.
More info from settlement here.


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http://www.fatwallet.com/forums/finance/1430941/ Tue, 03 Mar 2015 21:00:35 -0600
<![CDATA[Dough.com (for options trading noobs) Thoughts/Experiences?]]> http://www.fatwallet.com/forums/finance/1430936/ Rating: 0 Posted By: jd2010
Views: 198 Replies: 0

Hey all,

I dabble in options and ran across this website the other day. It is a highly visual free website designed to teach people new to options.

I just signed up and it looks like there are some free quizzes and content as well as youtube type of TV shows every day around various aspects of the market and trading.

www.dough.com

Posted to:
1) Share with my FWF friends who are scared of options trading, and 2) to see if anyone is already using this and what they think.


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http://www.fatwallet.com/forums/finance/1430936/ Tue, 03 Mar 2015 20:31:41 -0600
<![CDATA[Identity Theft - Someone opened a new account with Verizon]]> http://www.fatwallet.com/forums/finance/1430925/ Rating: 0 Posted By: freebirdy
Views: 270 Replies: 1

My mom called me tonight and said that she got a package for me. I wasn't expecting anything at her place, so I asked her to opened and voila it's an iphone from Verizon. And then she added that somebody was trying to claim the package as their own and now she understands why.

My guess is: somebody have stolen some of my tax information that still come to my mom's house (I am not sure which one) and opened a new account with Verizon with a credit line (I saw a hard inquiry on my credit report). I called Verizon and had a conversation with the fraud department, they told me to return the device to a corp store and file a police report. So aside from that, what guys do you think should I do?

Thanks in advance.

PS My mom forwarded me this article about the same scam:http://www.nydailynews.com/new-york/uptown/scammers-steal-customer-identities-order-pricey-phones-article-1.1709763


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http://www.fatwallet.com/forums/finance/1430925/ Tue, 03 Mar 2015 19:47:58 -0600
<![CDATA[Price mistake clawback?]]> http://www.fatwallet.com/forums/finance/1430908/ Rating: 0 Posted By: tedteddy
Views: 742 Replies: 6

Can retailers charge you full price at a later date for price mistakes? I found a really good one, but I don't want to be billed the $5000 difference in price (assuming the items ship).

I'd imagine that a simple screenshot would keep this in check. How have retailers handled this in the past?

Also, I will not be posting the deal here until the items do actually ship to my door.


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http://www.fatwallet.com/forums/finance/1430908/ Tue, 03 Mar 2015 16:42:39 -0600
<![CDATA[Buying an apt in a gated apt complex]]> http://www.fatwallet.com/forums/finance/1430835/ Rating: 0 Posted By: Xnarg1
Views: 1117 Replies: 18

I've seen a lot of apartments come up for sale lately which are in a gated apartment complex (with a front office, staff, pool, etc.). Does anyone have experience owning these? What are the general fees the owner has to pay (as I suppose the front office manages everything for the apt?)?

For example, I saw one that was listed for $64k, 1 bedroom apt (550 sq ft) that was listed as already leased out for 12 months for $700/month. What kinds of hassles are different from owning something like this vs. a single family house?


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http://www.fatwallet.com/forums/finance/1430835/ Tue, 03 Mar 2015 09:24:23 -0600
<![CDATA[What's best investment option? Mutual fund or Property]]> http://www.fatwallet.com/forums/finance/1430764/ Rating: 0 Posted By: naveedamar
Views: 747 Replies: 6

Hi !I had purchased a home year ago and given it on rent. The rent I'm getting is only 5% of total cost of home while stock fund industry (mutual fund) is paying 20% minumum (reports from my country here mufap.com.pk/nav_returns_performance.php?tab=01 ) i.e. I'm getting 15% loss every year and that is a big amount.I'm not really assure if my home also increase it's value by 15% every year. But I don't think it will be.Now I'm thinking to sell that home and invest all of my money in mutual growth fund. Can you please advise me in this regardNote: Even one fund has given 55% in 365 last days ( See 'JS Islamic Fund' herehttp://mufap.com.pk/nav_returns_performance.php?tab=01)Thanks


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http://www.fatwallet.com/forums/finance/1430764/ Mon, 02 Mar 2015 22:44:24 -0600
<![CDATA[Can the majority shareholders take back my small percentage of shares since I left the S corp.?]]> http://www.fatwallet.com/forums/finance/1430758/ Rating: 0 Posted By: Compeek
Views: 993 Replies: 14

A few years ago, I was hired as part of a very small software start-up, and as a thank you for my work as the main developer getting the company off the ground with a working product, I was given a small percentage of the shares in the company when they filed as an S corporation in Illinois. There are two other owners with equal shares and then my small percentage. I have the official legal certificate for the shares. Every so often they would payout a distribution to themselves and a portion to me according to my ownership, so it was a nice extra benefit. Ihave been filing my share of the gains/losses on my taxes (they have issued me a Schedule K-1 each year) as an active participant in the company.

I continued to work there as a part-time employee (W2) for a few years until early this year when I decided to leave the company for a number of reasons, mostly pay related (small company, too few resources). It was all on good terms, despite them not wanting me to leave, of course. They understood me needing better pay and a work environment other than basically being the one guy developing the software alone.

As part of me leaving and being the one person who really knew the code and processes in depth, I offered to help out on a contract basis (1099) for emergencies after I left. While negotiating the rate for the contract work going forward, they mentioned that I would no longer keep my shares in the company because I'd no longer be an employee there. Therein lies my question:Do they have any legal claim to the shares I own?

My employment contract has no mention of shares, much less any terms for what happens when I leave the company. The contract was probably something my boss copy-and-pasted from an example and changed a few things to fit the job, but it says nothing about shares. I still have the legal certificate saying I own X percentage of the company. As far as I know, there was never any agreement made or signed about what happens to my shares should I ever leave. I signed nothing when I left and was not asked to sign anything.

I am certainly not trying to spite them or anything like that, but I disagree that they simply get to take my shares back since I personally feel that my ownership was a reward for my work that shouldn't be retracted because I stopped working there, nor do I see any legal basis for them to simply take my shares back. If the company ever becomes worth something, or even now if it's worth, say $200,000, I sure don't want to miss out on my percentage, albeit small, if they decide to sell the company or do any more shareholder distributions. I don't know what they've done exactly since I've left, but in their minds, I no longer own any of the company, and if they payout distributions, I won't be getting anyway. This also has tax implications for me because if legally they are supposed to be reporting my as a shareholder because I actually still am, that needs to be clear.

Also, for what it's worth, I never actually invested money in the company. They simply gave me the shares when they set up the company. I believe the value/basis (not sure I know what I'm talking about) given per share was 10 cents.

Do I still legally own my shares? Is it possible for them to simply take the ownership back without my consent? What do I need to check to determine the answers if they are specific to my situation?

Thank you!

Edit: I have been doing some research and found that the bylaws of the S corp. should/probably include buyout terms for when somebody leaves the company. Do I need to find out what those are? Is it possible the terms say I have to give back my shares for no money?


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http://www.fatwallet.com/forums/finance/1430758/ Mon, 02 Mar 2015 22:05:51 -0600
<![CDATA[will changing my mailng address stop someone from pulling a credit report on me?i]]> http://www.fatwallet.com/forums/finance/1430723/ Rating: 0 Posted By: lgvokt
Views: 781 Replies: 3

I have done a credit freeze on my credit account, but many of the free Services like Free annual report ,credit karma and credit sesame rely on you knowing your address and other personal information. I am worried that if someone knew my address and other personal information they can pull a report off these free services. I also find that even though i have a credit freeze marketers are still calling me. Are they getting the info off some other list?


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http://www.fatwallet.com/forums/finance/1430723/ Mon, 02 Mar 2015 19:24:35 -0600
<![CDATA[Any Financial Software to track investment dividends and adjust G/L with it?]]> http://www.fatwallet.com/forums/finance/1430719/ Rating: 0 Posted By: unseengundam
Views: 481 Replies: 1

I am looking for financial software other than just using Excel Spreadsheet to take dividends into account when I am looking at how much money I gained or lost in an investment. My main issue is most G/L doesn't take into accountdividendspaid to cash or reinvested into the stock/fund.

So for Example:
Event Description Value
#1 - I buy $100 worth of PETDX (Mutual Fund): Initial Cost Basis $100
#2 - PETDX gives a $28.53dividend Dividend $128.53
#3 - Scottrade Auto-reinvestsPETDX dividend New Cost Basis $128.53
#4 - View Today's Market Value at $121.62 PETDX Market value $121.62

Scottrade like all software uses #3 and #4 to give a G/L of $-6.91 or -5.38%. However, I want to keep track that I only made an initial investment of $100 and that has given me $121.62 worth of PETDX mutual fund today. I would use #1 and #4 to give calculate aDividend Adjusted G/L of $+21.62 or +21.62%. This number is big difference from -$6.91. In fact, because of the way G/L is done I confused why my Scottrade account's market value increased when it didn't match negative unrealized G/L until I managed to find my dividend earnings!

Is there any financial software out there to do this? Or am I just stuck using Excel spreadsheet or having development my own script for this?



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http://www.fatwallet.com/forums/finance/1430719/ Mon, 02 Mar 2015 19:06:15 -0600
<![CDATA[Re: Optionshouse: Earn 10,000 MileagePlus Award Miles]]> http://www.fatwallet.com/forums/finance/1430713/ Rating: 0 Posted By: reqfield
Views: 531 Replies: 3

http://www.fatwallet.com/forums/finance/1386198/

Hey guys, I finally got my 10,000 United Miles today. I funded by account a few months ago. I just looked at the terms of conditions and on the very last line of the small print it mentions: "OptionsHouse reserves the right to debit the fair market value of the promotional item from any account that has received the 10,000 United MileagePlus miles and has either closed their account or withdrawn assets below the minimum qualifying funding level within 180 days of original funding date."

But of course, I'm interested in user experience with this. I would like to withdraw my funds, because right now there are just sitting there and I am done playing in the stock market (lost money). Has anyone else withdrawn their funds from their OptionsHouse account after getting the miles, before the 180 day mark?

Thanks for any help and feedback!


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http://www.fatwallet.com/forums/finance/1430713/ Mon, 02 Mar 2015 18:18:10 -0600
<![CDATA[Large Fraudulent Authorization on Credit Card]]> http://www.fatwallet.com/forums/finance/1430710/ Rating: 0 Posted By: PerkGetter
Views: 907 Replies: 8

My credit card got a $1,824.65 fraudulent authorization and is listed as "Paypal *West Coast." I immediately called the bank, they cancelled the card, issued me a new one, marked the authorization as fraudulent, and then sent it for investigation. I'm wondering what to expect at this point. Should I be worried that someone used identity theft to open a Paypal account in my name and that there may be more trouble ahead? Should I call Paypal and see what they may think (actually, I'm going to do that right now.) Any advice appreciated.


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http://www.fatwallet.com/forums/finance/1430710/ Mon, 02 Mar 2015 18:01:19 -0600
<![CDATA[How do celebrities protect their banking-related identity?]]> http://www.fatwallet.com/forums/finance/1430697/ Rating: -1 Posted By: waveclaira
Views: 1724 Replies: 22

Wanted to know this for a very long time, but not sure what's the best place to ask.Their information is everywhere, and public. Like movie stars, pop stars, etc.I know some use a company account, if they're more on the business side, but I don't think most celebs would do that.Do they have a "special" bank? Do they actually talk to the customer service reps...I don't think assistants are able to access their account over phone.Trying to think about how they go about this.It appears that celebs use the large banks as well, as private banking is decreasing.What if the celebs are not wealthy high enough to use a private bank? Then they have to deal with the incumbent banks?Trying to google some links but don't know where to look.Focus on USA, but any developed country would be helpful.


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http://www.fatwallet.com/forums/finance/1430697/ Mon, 02 Mar 2015 16:44:20 -0600
<![CDATA[To dispute or not to dispute]]> http://www.fatwallet.com/forums/finance/1430687/ Rating: -8 Posted By: Ironheart
Views: 967 Replies: 21

I'll preface this by saying it concerns a trivial amount that's not going to bankrupt anyone.

Anyway... I order food online from Schwans and they deliver it every couple of weeks. Last Friday was my delivery day, so Thursday night I went online and ordered some stuff, and the total was $44.10. As it happens we had severe snow and cold weather down here in DFW, and Schwans emailed me Friday morning to say my delivery was being rescheduled to Sunday. No problem.

Sunday rolls around and I have to go out for a couple of hours, but my kids are home. Of course the Schwans guy comes while I'm gone, but my kids drop my stuff in the freezer. All good. The issue is that he charged me $50 instead of the $44.10 that my order total was.

I contacted Schwans online and was told a local rep would contact me. Today the regional manager emails me to say the guy who came on Sunday punched in my order wrong, and so my rewards points (basically points you earn for placing your order online which can then be redeemed for minor credit on future orders) weren't used. I checked my rewards balance and it's $3.30; the other $2.60 ($50 - $44.10 - $3.30) were savings from promotional prices that I took advantage of on the site.

Now, given all of this information which has taken way too long to type out over $2.60, should I dispute the $2.60? I don't even know if AmEx lets you do partial amount disputes, as I have literally never disputed a CC charge in my life.

I did email the regional manager back asking him if he would credit me the $2.60, and stating that I would prefer not to have to open a dispute with AmEx especially given that I have been a loyal customer of over ten years. I'm still waiting a response.

Assuming he tells me to pound sand, should I dispute the $2.60? Or just stop worrying over tiny amounts like this and chalk it up to experience?


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http://www.fatwallet.com/forums/finance/1430687/ Mon, 02 Mar 2015 16:02:46 -0600
<![CDATA[How to find a financial advisor]]> http://www.fatwallet.com/forums/finance/1430668/ Rating: 0 Posted By: stopsignhank
Views: 671 Replies: 7

Short story. I am in Southern California and I think I am getting over my head on our finances. I would like to sit down and talk to someone, but not sure how to find one that I trust.

Long story. Did our taxes and let's just say we pay a lot in taxes, AMT is the kicker. This year we are going to make about 25% more than we did last year. I would like to find someone knowledgeable about money that I trust that I could talk to. Mainly to reduce our tax liability. A second thing to talk about is my autistic son. He has autism pretty good and won't be able to support himself. Does it make sense to buy a place for him to live in? Or would that money be better served in a trust for him? We don't really make enough to comfortably afford a place for him, but hey he is my son we will do what we have to. FYI, he is 21 and obviously living at home with us.

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http://www.fatwallet.com/forums/finance/1430668/ Mon, 02 Mar 2015 14:35:25 -0600
<![CDATA[Serving on an Advisory Board]]> http://www.fatwallet.com/forums/finance/1430649/ Rating: 0 Posted By: gludlow
Views: 655 Replies: 4

I have been invited to serve on an advisory board of a tech start-up company. The position is compensated through a fixed number of stock options that vest over several years. The requirements (and compensation) are both low. The confidentiality, Non-compete and Invention agreement seem reasonable at first pass. The position is primarily consulting to help them improve and develop their service offering.

Does anyone here have experience on such a board, and can provide some advice? I am speaking with my employer's legal department to clear any conflicts of interest, but wondering what other steps I should take or what I should expect. Should I have an employment lawyer review in addition to our legal department? Are there any ethical or other considerations I should know before agreeing?


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http://www.fatwallet.com/forums/finance/1430649/ Mon, 02 Mar 2015 13:32:44 -0600
<![CDATA[Fairness in a 50/50 partnership]]> http://www.fatwallet.com/forums/finance/1430615/ Rating: 2 Posted By: Overachiever
Views: 1658 Replies: 47

I bought a business with a coworker of mine a little over a year ago and I've come to the conclusion my partner is a dud. This is an industry neither of us have experience in and after a year I feel like I've put the time in to learn it but my partner would rather think about golf.

Every time I try to have a conversation about work load and responsibilities it turns into a giant argument because in his world he's doing his 50%.

Does anyone have any advice on maybe reworking our partnership agreement to have a list of responsibilities we will each handle and maybe some clauses to make a partner more accountable if he fails to do his work correctly?

Anyone think its fair that I request he pays me for half of my lost wages from my full time job when I end up going to take care of high priority business related things that require me to miss work? He never steps up to miss work in these situations, thus I'm taking the financial hit while he collects his full check.


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http://www.fatwallet.com/forums/finance/1430615/ Mon, 02 Mar 2015 11:54:46 -0600
<![CDATA[Lumber Liquidators]]> http://www.fatwallet.com/forums/finance/1430584/ Rating: 16 Posted By: burgerwars
Views: 4352 Replies: 40

Link to CBS Story

As of the time I'm writing this, the stock hasn't opened. I'm thinking the worst part isn't people not shopping there anymore. People may forgive them, and if they can guarantee a product that isn't a health risk, they'll return. The problem is the tens of thousands (maybe hundreds of thousands) of homes with their flooring already installed. I can see all the individual claims, and class actions, of customers wanting the company to tear out the floors they have and install new floors for no charge. That's a lot of money and liability. In addition, people may sue for health issues. Not my idea of a stock to dive into, unless you're just buying it for any bounce after a collapse.


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http://www.fatwallet.com/forums/finance/1430584/ Mon, 02 Mar 2015 09:58:06 -0600
<![CDATA[Costco replacing Amex with Visa and Citi]]> http://www.fatwallet.com/forums/finance/1430568/ Rating: 9 Posted By: cknutrine6954
Views: 5966 Replies: 73

https://www.yahoo.com/finance/news/costco-replacing-american-exp...
In a statement, Costco said:Costco Wholesale Corporation ("Costco") (COST) today announced it has entered into a new co-brand credit card program agreement with Citi and an acceptance and co-brand incentive agreement with Visa. The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi.Under the terms of the agreements, Citi, the world's largest issuer of consumer credit cards, would become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express as the credit card network for Costco in the United States and Puerto Rico beginning April 1, 2016. Once issued, Costco's co-brand Visa credit card would provide generous rewards to Costco members, serve as the Costco membership card, and would be accepted at Costco locations in the United States and Puerto Rico, as well as all merchants worldwide that accept Visa credit cards.


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http://www.fatwallet.com/forums/finance/1430568/ Mon, 02 Mar 2015 07:59:59 -0600
<![CDATA[Vanguard questions]]> http://www.fatwallet.com/forums/finance/1430562/ Rating: 0 Posted By: lmallen
Views: 1264 Replies: 34

Hi. I have a few questions about investing. I'm basically with a financial advisor now and pay almost 2% in fees. Everyone tells me I should just start buying low cost index funds instead. I talked with a retired finance guy who recommends Vanguard Wellington. Apparently you can go on Vanguard and just open up an account and contribute to this. I was told this is a pretty conservative one that does better over a long run. So...I really don't know what a Vanguard even is after reading about it but this seems better to me than paying nearly 2% what I am now. My questions are these---does anyone know if this Vanguard Wellington is "actively managed" in case the market crashes again? And does this Vanguard "rebalance itself" for international markets, etc..or is that something I'd have to do on my own? Thanks, Larry


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http://www.fatwallet.com/forums/finance/1430562/ Mon, 02 Mar 2015 06:59:34 -0600
<![CDATA[Strategy to withdrawn 401K? ]]> http://www.fatwallet.com/forums/finance/1430518/ Rating: 5 Posted By: fabianish16
Views: 2147 Replies: 8

I have been living in NYC for a bit more than 2 years and will go back to Switzerland this summer.
Swiss Citizen on a visa, no US green card, no US citizenship.
I will have about 45k in my 401k (employer matched 100% so couldnt not do it..)
By the time I will leave, I will have earned about 110k USD.

What should my strategy be to withdraw the money? I am thinking of leaving my 401k as it is and take it out in 2016 and it will be my only income in 2016. This will make my tax% lower this year and next year.
However, I am not sure that this works like this or if all my other income in Switzerland will become taxable?

Any input is appreciated!


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http://www.fatwallet.com/forums/finance/1430518/ Sun, 01 Mar 2015 22:59:49 -0600
<![CDATA[Automated Stock Trading]]> http://www.fatwallet.com/forums/finance/1430491/ Rating: 1 Posted By: Cheetah2004
Views: 853 Replies: 6

Say I have a dumb strategy: Watch a group of 5 selected stocks. When the 15day moving average of any one goes over 50day moving average then buy the stock and vice-versa.

Which brokerage / system will allow me to execute this strategy automatically, with minimal level of learning? I will tell you that I am not a frequent trader and would not be able to pay a large fee if any.

Any suggestions/pointers welcome.


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http://www.fatwallet.com/forums/finance/1430491/ Sun, 01 Mar 2015 19:03:06 -0600
<![CDATA[credit card higher amount transactions]]> http://www.fatwallet.com/forums/finance/1430474/ Rating: 1 Posted By: samandy
Views: 894 Replies: 6

Recently my previous health insurance company charged my credit card for a quarter, even though I had written letter from them about policy cancellation.
Finally after few weeks struggle I got it back but wondering if we can set limit on max transaction unless someone verifies by call or special OTP.
Are there any features like that?


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http://www.fatwallet.com/forums/finance/1430474/ Sun, 01 Mar 2015 16:23:16 -0600
<![CDATA[New job offers a pension, not sure how good it is? ]]> http://www.fatwallet.com/forums/finance/1430435/ Rating: 0 Posted By: Vikings14
Views: 1351 Replies: 14

Its not a defined benefit plan. Its run through Vanguard. Employer makes all contributions towards the pension. 5% minimum annual interest credit. Employer contributes a percentage of salary based on age plus years of service:

0-39 2.5%
40-49 3.25%
50-59 4%
60-69 5%
70-79 6%
80+ 7.5%

In my late 20s and took a job with a salary in the 60s. In addition to this pension scheme, they offer a 401k with a 6% match. So obviously its a good retirement package all together. But in specific regards to the pension, how good is it? Is it comparable to just an extra 2.5% of salary dumped into the 401k or is there some added value of this being a pension?


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http://www.fatwallet.com/forums/finance/1430435/ Sun, 01 Mar 2015 13:11:38 -0600
<![CDATA[Marriott Rewards points will expire without activity on February 1, 2016]]> http://www.fatwallet.com/forums/finance/1430419/ Rating: 4 Posted By: bankdealsrule
Views: 1166 Replies: 6

Starting February 1, 2016, Marriott Rewards members who do not have a qualifying activity in the prior 24 months will forfeit all accumulated points. If you have not engaged in a qualifying activity since January 31, 2014 you have until January 31, 2016 to do so before the policy is enforced.
In order to maintain active status in the Marriott Rewards program. Qualifying activities include:
Make a paid (or redemption) stay at any of 3,800+ participating hotels worldwide
Redeem points
Make a purchase through a Marriott Rewards credit card
Earn points with one of our program partners
Purchase points
Hold a qualifying meeting or event through the Rewarding Events℠ program

The following activities do not count toward maintaining an active status in the Marriott Rewards program:
Gifting or transferring points; however, converting Points to Miles or Miles to Points does count toward maintaining an active status
Receiving points as a gift or transfer
Earning points through social media programs, such as #MRPoints

For full details and updated terms, please visit: http://www.MarriottRewards.com/PointsPolicy


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http://www.fatwallet.com/forums/finance/1430419/ Sun, 01 Mar 2015 11:55:35 -0600
<![CDATA[Illinois Eviction Statutes question]]> http://www.fatwallet.com/forums/finance/1430415/ Rating: 0 Posted By: sharpie130
Views: 582 Replies: 3

One of the ways to serve tenant notice in some part of illinois include sending 5 day or 30 day notice certified with return receipt.

In a case where the tenant refuses to accept or doesn't pick up notice from the post office. in some states like Iowa I know certified with return receipt notices are considered delivered after 4 days. Anyone know what the process for Illinois? Trying to find it in statutes but can't seem to pinpoint it. This is for an occupied auction home.


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http://www.fatwallet.com/forums/finance/1430415/ Sun, 01 Mar 2015 11:29:06 -0600
<![CDATA[Major devaluation of Marriott Rewards points coming Mar 19]]> http://www.fatwallet.com/forums/finance/1430398/ Rating: 10 Posted By: RobL
Views: 3885 Replies: 31

See herefor alphabetical list of changes to categories including some Courtyards moving to category 8. Of the hotels changing category 75% are moving up and just 25% moving down. All the hotels in Italy I'm staying at this fall moved up a category. Glad I already booked. Anyway if you just took advantage of the Marriott CC 70k offer or RitzCC 140k offer make reservations now. (If you end up canceling points are refunded).Good summary here.


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http://www.fatwallet.com/forums/finance/1430398/ Sun, 01 Mar 2015 09:35:54 -0600
<![CDATA[has anyone instead of using a electric heater for heating used a heat pump.]]> http://www.fatwallet.com/forums/finance/1430394/ Rating: 0 Posted By: lgvokt
Views: 1403 Replies: 44

I read a article that using a heat pump is better than electric heater to warm a room.
I live in the west coast so it does not get that cold here. The article i read said you could save 40 percent on your electric bill


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http://www.fatwallet.com/forums/finance/1430394/ Sun, 01 Mar 2015 09:25:03 -0600
<![CDATA[Change in Credit Report]]> http://www.fatwallet.com/forums/finance/1430386/ Rating: 0 Posted By: tampatexan
Views: 610 Replies: 3

I did several searches and didn't find anything on this subject, so I decided to post a new thread. Here it is:

I got notification today (Mar 1) from Quizzle of 2 alerts on my credit report. One of the alerts says that THD/CBNA has "New Narratives". The "Previous Narratives" say: "Bankruptcy chapter 7" and "Charge". In the New Narratives, it appears they deleted the "Charge" from the original narrative and added "Account closed by credit grantor" and "Amount in H/C column is credit amount". This bankruptcy was discharged in Feb 2009 - why are they showing anything 6 years after the discharge? And, will this have any effect on my credit or credit score?


Credit Deals

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http://www.fatwallet.com/forums/finance/1430386/ Sun, 01 Mar 2015 08:23:45 -0600
<![CDATA[Federal tax - possible faulty software]]> http://www.fatwallet.com/forums/finance/1430354/ Rating: 0 Posted By: americano
Views: 917 Replies: 3

I have been using TaxAct free software for my federal taxes. Just realized the software may be faulty and not deducting my HSA contributions. I qualify as a HDHP. Basically that software asks a bunch of questions and fills the forms for you. My employer fills Box 12 Code W with $6xxx, which is my HSA contribution for the year through paycheck withholding. Despite entering this into TaxAct software, it left line 2 of form 8889 blank. Instead the amount of $6xxx is reported on line 9 of 8889. Consequently, it leaves line 25 of form 1040 blank. I read the description of code W - it is the combined code for contribution made by employer and employee. I think TaxAct has been wrongly putting it in as employer contribution. This has happened for my last 3 tax returns. Am I missing something? Any advise is appreciated. I will now have to file an amended return for last 3 years. Please also suggest alternate low-cost online software for tax filing. Thanks.


Tax Deals

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http://www.fatwallet.com/forums/finance/1430354/ Sun, 01 Mar 2015 01:11:08 -0600
<![CDATA[Self Settled Spendthrift Trusts (SSST or DAPT)]]> http://www.fatwallet.com/forums/finance/1430352/ Rating: 0 Posted By: ThomasPaine
Views: 650 Replies: 1

I'm interested in researching asset protection in general.. I don't have a spouse, nor child support, nor creditors in mind, nor am I looking for a way to hide income from the IRS.
I sometimes work in an industry where there is a lot of potential damages for bad advice, and I limit damages in contracts. Still...

Because the title of this thread may sound like a oxymoron to people who aren't aware, I'd like to quote the "legal experts" atWikipedia..
Wikipedia said: The general rule: Self-settled trusts do not protect the trust creator[edit]
To prevent individuals from creating trusts to defeat their own creditors, the laws of most states provide that a spendthrift clause in a trust document does not protect the beneficiary to the extent that the beneficiary is also the person who created the trust. The settlor does not need to be either the sole settlor or the only beneficiary of the trust. As long as the settlor is a beneficiary of the trust to any extent, to that extent the trust will be deemed self-settled.[citation needed] For example, Texas law provides:

(d) If the settlor is also a beneficiary of the trust, a provision restraining the voluntary or involuntary transfer of his beneficial interest does not prevent his creditors from satisfying claims from his interest in the trust estate.[3]
Further, laws in some states (like Texas) are worded so broadly that anyone transferring property to the trust might be deemed to be a "creator" (i.e., settlor, grantor, or trustor), not merely the person or persons who originally set up the trust.

The exception: DAPT states[edit]
However, several states have changed their laws to provide that a person may create a self-settled spendthrift trust (i.e., a spendthrift trust for his or her own benefit). Such trusts are also called Domestic Asset Protection Trusts ("DAPT"), and sometimes informally called "Alaska trusts", as Alaska was a pioneer in allowing this kind of spendthrift trust. However, because of the danger of the misuse of Alaska trusts to defraud creditors, the legality of such trusts (to the extent that they purport to protect the trust share of a beneficiary who is also a creator of the trust) is uncertain in the states not allowing self-settled spendthrift trusts.

Nevada has enacted a series of statutes, codified at Chapter 166 of the Nevada Revised Statutes, that specifically enable the creation of self-settled spendthrift trusts. This form of trust is commonly referred to as a "Nevada Asset Protection Trust". Under Chapter 166, an individual can serve as the settlor, trustee and beneficiary of the trust. This network of laws is specifically designed to protect trust assets from the claims of any creditor. NRS 166.170 specifically limits the circumstances under which a creditor may bring a claim. If a creditor existed at the time of the property's transfer to the trust, then the creditor must bring its claim against the trust within 2 years after the transfer or within six months after the creditor reasonably should have known of the transfer, whichever is later. NRS 166.170(1). If the creditor's claim surfaces after the transfer is made, the creditor must bring its claim within two years after the transfer, regardless of notice. NRS 166.170(1). Moreover, the creditor can only sustain its claim if it can prove by clear and convincing evidence (a tough evidentiary standard) that the transfer was made as a fraudulent conveyance. NRS 166.170(3).

It is unclear the extent to which sister states will recognize the asset protections of these DAPTs, like those created under the laws of Nevada and Alaska. Relevant case law is somewhat sparse. While states are generally compelled to honor and recognize the laws of sister states, pursuant to the full faith and credit clause of the United States Constitution, some of these laws may be in direct conflict with the laws of other states. Some of these DAPT laws can be quite expansive. The scope of the Nevada law is drawn quite broadly to govern Nevada's enforcement of all trusts created within or outside the state, so long as they meet certain limited criteria. See NRS 166.015(1). The law goes on to require that the statutes be applied to the enforcement by any other state of any spendthrift trust created within Nevada, so long as the law is not in direct conflict with the other adjudicating state. NRS 166.015(3). In fact, the Nevada law does not even require that the trust assets be located within Nevada, so long as one of the trustees declares his/her domicile as Nevada. NRS 166.015(1)(d).

The following other states now have a DAPT statute: Delaware, Mississippi (as of July 31, 2014, see Miss. Code 91-9-701 et seq),South Dakota, Wyoming, Tennessee, Utah, Oklahoma, Colorado, Missouri, Rhode Island and New Hampshire



I've asked an attorney who specializes in divorce/estates, about his opinion of DAPT/SSST, and his off the cuff answer was "Why would you want to ask permission for money that belongs to you?"
To me, this sounds like as untested as Self-Directed IRAs, and there are manyon the internet hawking them.
Would it be worth it for someone to move to a state that offered this protection?
Does any lawyer/laymen with access to LexisNexis want to site a legal precedent and boast about their prowess in piercing such a trust with a breadknife?

FWF Flame-retardant Checklist:
-Already paid attorney for real legal advice
-Sounds to good to be true, but it was researched
-Might be something I would do with a million dollars, but open to others.
-It sounds very attractive to deadbeats, but I'm not one, nor do I have intention to be one.
-I have been not irresponsibly altered the gene pool, nor would legal protection make me likely to do so, (though YMMV)


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http://www.fatwallet.com/forums/finance/1430352/ Sat, 28 Feb 2015 23:32:16 -0600
<![CDATA[Proactive replacements of water heater / garage door springs, etc?]]> http://www.fatwallet.com/forums/finance/1430345/ Rating: 13 Posted By: lonestarguy
Views: 3397 Replies: 64

I've been in my house since 1997 when it was built. We just had the garage spring go out. It cost $199 to have it replaced on a Sunday and took an hour and a half from when we noticed it till when it was fixed. We called the best rated company on Yelp and they came out in 20 minutes and fixed it fast/cheap. Not a bad experience, but it was something I've read goes out on average in 8 years. I got 17 years. I saved by waiting.

My water heater is in a closet upstairs over a living space. It has a drain pan but if it seriously fails it could cause a lot of damage if the pan overflows. The water heater came with a 5-year warranty. Am i correct to assume I am on borrow time now that it is 17 years old? Should I wait to have a problem or replace it now? Could I get 10 more years out of it replacing the anode.

The closet has a wide enough door so I don't need to worry about the new wider heaters being hard to install. For those who don't know. Federal regulations will require more energy efficiency that will be mandated after April 16th. The requirements mean water heaters about 2 inches wider and a little taller. This will mostly impact ones in small closets or attics.

I've always followed them motto if it is not broke, don't fix it. But I really don't need a claim and a $2000 deductible. What have folks done here on fatwallet?


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http://www.fatwallet.com/forums/finance/1430345/ Sat, 28 Feb 2015 22:15:37 -0600
<![CDATA[Chase Total Checking $300 DD required + $150 for $10k savings Web Link DEAD]]> http://www.fatwallet.com/forums/finance/1430333/ Rating: 5 Posted By: Bend3r
Views: 2083 Replies: 12

$300's about the best it gets for chase's regular checking offers. Not bad, 25% return on $1200 for 3 months or better. (You could instead DD $500 a month and transfer out the $500 a day or two later) There's a targeted mailer version going out too, but this is a webpage that will generate you a unique code every time you refresh the page. Expires March 15.

Mostly standard Chase terms apply:
- 1 direct deposit required, then the $300 bonus will be added within 10 business days
- To avoid monthly fee, need either $500 in direct deposits every month OR maintain a $1500 balance
- Only available to "new" customers who do not currently have a chase checking account, and have not had a Chase checking account for at least the past 90 days.
- Only 1 banking bonus allowed within a calendar year.
- Must keep account open for at least 6 months.
- Musttake to a branch to open account. They should print you out a confirmation page about the offer in-branch when you open it.

and savings offer:
- Requires $10k deposit and must maintain the $10k for 90 days for bonus
- Must keep account open for 6 months

I couldn't find a web-version with coupon-code generator linked from any other site although I did notice one eBay seller with the webpage screenshot, but found this one directly through Google search manipulation . There's a physical targeted mailer as well with the same offer.

3-1-15 update: link is DEAD now i guess back to watching for mailer, good luck!
You have to login to your chase account before or after following the link for it to work.

edit: updated based on fwuser12's input


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http://www.fatwallet.com/forums/finance/1430333/ Sat, 28 Feb 2015 19:25:49 -0600
<![CDATA[Huntington Bank ATM machine ate $2,000 and my debit card (w/pics!)]]> http://www.fatwallet.com/forums/finance/1430322/ Rating: 25 Posted By: tedteddy
Views: 4157 Replies: 62

I pulled my Crown Vic up to a Huntington Bank drive-through ATM after they had closed so that I could deposit some money orders. The first money order deposited just fine, but then the machine said something about a fatal error and it began to shut down. [WTF Huntington?]

I took a few pics of the shutdown for documentation purposes (and your amusement!)

I called the number on the ATM and asked them to send out a tech so I could retrieve my card and money orders. The operator rudely told me that he works at a bank and doesnt operate a dispatch service. He said that it would be at least until the next day before I could get my money orders and ATM card. I opened a support ticket with them over the phone.

Since everything was still in the machine, I walked over to Staples and asked a friendly young female Hispanic employee if I could have some paper for an out of order sign. She enthusiastically made the sign herself. After posting the sign, I realized she spelled it wrong. English is her second language so it is understandable

I went into the branch the next day and they said the tech still hadnt arrived. My sign was still on the ATM.

On day 3 I went into the branch and they had my debit card for me. Unfortunately, they did not have my money orders. They said that opening the ticket actually slowed things down for me and it would be 2 weeks to a month before I could expect to have them deposited. I requested that they give me the money orders and close the ticket, but they said that was not possible.

I know banking is a highly regulated industry. Have they broken any sort of law here? I get the feeling that I brought negative attention to the branch with my ticket and they are trying to retaliate by holding my money.What would you do in this sort of situation?


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http://www.fatwallet.com/forums/finance/1430322/ Sat, 28 Feb 2015 16:59:51 -0600
<![CDATA[ Neg Yelp review leads to 50K law suit. More of the same im afraid.]]> http://www.fatwallet.com/forums/finance/1430286/ Rating: 0 Posted By: owenscott
Views: 2118 Replies: 23

http://chicago.cbslocal.com/2015/02/27/chicago-business-files-la...
A North Park neighborhood business is suing a husband and wife for writing a negative review on Yelp, accusing the couple of libel.ZwickWindowShade Co., 3336 W. Foster, takes issue with a Feb. 6, 2014 review where a customer claims she and her husband never received a set of blinds ordered from Zwick, according to the lawsuit filed Friday in Cook County Circuit Court.Still waiting on blinds ordered nearly 4 months ago that were supposed to take 3 to 6 weeks, the reviewer wrote. My husband and I like to support small, family-run businesses when doinghomeimprovementprojects.


The two-star review states Zwicks service was excellent, but the delay in receiving the product was frustrating.More than four months after the Oct. 16, 2013 purchase, Zwick delivered and installed the blinds, the suit said.But the company claims in the suit that, because the blinds were eventually delivered, the Yelp review is making misrepresentations about the alleged non-delivery of the blinds and is essentially false.In the event that your [Yelp] statement is not removed within five days from the date of this letter, my client intends to pursue all remedies available to him at law and equity, according to a letter sent by Zwicks attorney a year after the blinds were installed. In addition, you must not publicly publish this event in the future.Despite Zwicks efforts, the review remains on Yelp.The two-count lawsuit claims libel and seeks at least $50,000 in damages and that the review be taken down.Calls made to Zwick and its attorney were not immediately returned Friday evening.


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http://www.fatwallet.com/forums/finance/1430286/ Sat, 28 Feb 2015 10:41:03 -0600
<![CDATA[SRP Starting in April, solar users across Arizona will be subject to an additional rate charge of about $50 per month.]]> http://www.fatwallet.com/forums/finance/1430239/ Rating: 0 Posted By: tightpapa
Views: 1757 Replies: 19

Utility needs more money
This is The Salt River Project (SRP), one of the nations largest public power utilities. Is this going to be a new trend?


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http://www.fatwallet.com/forums/finance/1430239/ Fri, 27 Feb 2015 22:50:46 -0600
<![CDATA[Case Verdict for Robocalls for the Internet based carrier]]> http://www.fatwallet.com/forums/finance/1430219/ Rating: 0 Posted By: calikanbi
Views: 1334 Replies: 14

Wonder what this means for people who profit from unwanted Robocalls. Internet based call provider wins litigation and extracts themselves as Defendant for unwanted calls made by customers.

Case Verdict against Robocalls


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http://www.fatwallet.com/forums/finance/1430219/ Fri, 27 Feb 2015 18:47:38 -0600
<![CDATA[tax-deductible donation to own 501(c)(3) nonprofit? ]]> http://www.fatwallet.com/forums/finance/1430201/ Rating: 0 Posted By: nidm
Views: 1035 Replies: 12

The simple question is, whether I can get tax-deduction when donate to my own nonprofit? The meaning of 'own' is, personally as founder, CEO/Manager.

The longer version, with some background. I have a few education/training-relationed projects, and considering to put the seeds money from own pocket. The strategy in mind is:
1) form a nonprofit, get 501(C)(3) status
2) put $10K each year for 5 years to drive the project(s)
3) likely (at last at the beginning) I will be the only donor, and plan to charge some fees for the training provided.
4) the expense will be i) hire contractor; ii) rent office and office supplies; iii) some travel expense (air ticket, mileage, gas etc.); iv) expense for volunteers
5) btw, in California

Since neither myself nor my projects are looking for profit at this moment. I am ok to throw some money for some possible good deeds. And be able to get the tax deduction will give the projects longer life with limited fund.

so the question is, will the plan work? Any downfall? or draw attention from IRS, since some travel expense will be under my name

many thanks
nidm


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http://www.fatwallet.com/forums/finance/1430201/ Fri, 27 Feb 2015 16:56:22 -0600
<![CDATA[Millionaire (Redux)]]> http://www.fatwallet.com/forums/finance/1430183/ Rating: 34 Posted By: DavidScubadiver
Views: 5814 Replies: 136

Seven and a half years ago,I posted my "Millionaire" thread noting that I had a Net Worth of $1 million assuming Zillow's estimate of my house was accurate, and that excluding my house and my mortgage I had a net worth of $638,000 which was not nearly as cool. I also noted that in a few years maybe I would get that net up to a million excluding the house. http://www.fatwallet.com/forums/finance/746171/m10872535/#m10872535

Well, since then, I've had two children and today my accounts are totaling just over $2 million, also excluding my mortgage and home. Nearly all of my assets remain invested in the stock market with a smattering of bonds and wee bit of cash. Just over one-half of my assets are in retirement accounts, the vast majority which are in a regular 401(k). Not included now, and not included 7 years ago, are my wife's 403(b) savings which are just over $100,000.

My job remains in jeopardy due to a lack of sufficient work. I feel a lot more secure financially, but I don't feel rich. My expenses are, in my opinion, insanely high, with credit card charges of $78,000 this past year. Also bought a Honda CRV and Subaru Forester in the interim. I don't feel like we buy all that much stuff. In the past 12 months, my largest charge categories are:
$16,000 groceries
$13,405 on Travel
$3,000 restaurants
$3,700 Telephone/Cable/Internet
$4,500 commuting (train)
$6,500 house and life insurance
$6,400 shopping
$2,100 auto insurance
$1,800 gasoline

Cash expenses include mortgage, real estate taxes, housekeeper, baby sitters, gas/electric. This week, I overdrew my checking account to pay off a credit card. They waived the fee and fortunately I was able to get money into the account before they had to call back the $7,000 credit card payment so I escaped unscathed.

I don't write to brag, just to make a note somewhere for a snapshot of how things are at a particular point in time. I've obviously benefited from a tremendous bull market in stocks. Although in-between I suffered from a tremendous bear market and near economic collapse.

I am a high earner, so I am able to sock a lot of money away into the stock market. I don't have the money troubles that most people have, but I still worry almost daily about money. I feel like my spending is out of control -- how can I charge nearly $80,000 a year!? If I lost my income, I'd charge away my entire nest egg in a mere 25 years (72 years of age) assuming no growth. And, of course, my expenses are only going to climb as my kids grow older. I'm knocking on wood that I manage to escape layoffs and can write again in 7 years showing a doubling in my net worth.


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http://www.fatwallet.com/forums/finance/1430183/ Fri, 27 Feb 2015 14:20:06 -0600
<![CDATA[Northwest Savings Bank $200 Checking Bonus]]> http://www.fatwallet.com/forums/finance/1430177/ Rating: 1 Posted By: shinobi1
Views: 822 Replies: 0

So much time having passed, the original thread for this split bonus ($100 early then another $100 much "later"), which is here

Link to original FWF Northwest thread

has been closed.

This is a reminder to those who participated that it is time, or shortly will be time, to collect your second $100 reward. It is now "later".
I have just recently moved my second two $200 deposits to Northwest via ACH. Since the time interval for so doing is limited, participants must avoid allowing theiropportunityto slipaway.

My first $100 reward was paid quickly and timely. It remains to be seen how this second part of the deal will be supported by the bank, especially with so much time having passed since the original deal was promoted. While I believe they will pay the second $100 reward, whether or not a bit of prodding will be needed is unknown right now. But if you do not satisfy your side of the bargain and make the two required deposits, there will be no chance to collect your second $100 reward.


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http://www.fatwallet.com/forums/finance/1430177/ Fri, 27 Feb 2015 13:32:58 -0600
<![CDATA[how to pollute data brokers' databases (chex, lexis nexis, etc)]]> http://www.fatwallet.com/forums/finance/1430174/ Rating: 4 Posted By: cageRatlr
Views: 2498 Replies: 17

I've noticed that if you have the same street address as other people, databases like that of chex, lexis nexis, and the like, you become automatically associated to others at the same address. I also noticed that if the address is that of a post office or mail boxes etc. type of place, people using the same address are associated anyway (even though the db has an attribute for the kind of address).

With no data protection act, there's a chronic problem of snooping and sharing of data with no right to opt-out, view the data, get compensated for it, and no right to correct it. One counter tool is to get a mailing address where lots of other boxes are at the same address, and use it for everything possible. With no further effort, these records quickly become polluted with bad data -- "associates" whom you don't know.


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http://www.fatwallet.com/forums/finance/1430174/ Fri, 27 Feb 2015 13:16:30 -0600
<![CDATA[Google Stock Split (GOOG & GOOGL) - how to report gains]]> http://www.fatwallet.com/forums/finance/1430147/ Rating: 2 Posted By: svhyd
Views: 2021 Replies: 6

http://investorplace.com/2014/07/goog-google-stock-split/

I bought some GOOG stock in 2014 (before the split)and now, little more than a year later,planning to sell all of it. Because of the split, now I have two different types of stocks (GOOG & GOOGL). So if I go ahead and sell both the stocks, do both sales count as long-term for tax purposes?


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http://www.fatwallet.com/forums/finance/1430147/ Fri, 27 Feb 2015 09:25:54 -0600
<![CDATA[Selling Our Home...And the Neighbors?]]> http://www.fatwallet.com/forums/finance/1430144/ Rating: 6 Posted By: dbess2013
Views: 2264 Replies: 13

Hi all,

This is mainly a question for the real estate savvy here on the board. I currently own a home that is situated in a residential / commercial zone.

Our town has a property designated as low-income complexes. This is on the other side of town completely from me at this time. Recent events have brought to light that the housing authority has been researching dispersal sites throughout the city of 5-6 complexes with 30-60 tenants each to do away with the central location. An independent consulting firm was brought in to identify possible spots for these small developments. Funny story, our neighborhood is 1 of eight the consulting firm identified as likely locations with the appropriate requirements for housing. Better yet, our house is almost right in the center of the bubble.

Across the street from our house, there is a property of roughly 5 acresthat has been vacant and for sale commercially for some time (5+ years). It is currently listed at 1.2 million. Our home, conversely, is valued at this time at about 115,000 and the lot size is 325 x 80. The next door neighbor (non-commercial) currently rents the home as a rent house and has roughly the same value and size. There are three additional houses beyond his rent house before you hit a major road that is a throroughfare of our city.

To cut a longer story short: Has anyone ever tried to "team up" with a next door neighbor to sell both houses in a single sale to a commercial entity or perhaps a local housing authority? My initial thought is to sell both of the homes at the same time (assuming he agrees) through a commercial realtor and undercut the property across the street by a few 100k to make our property more appealing (decreased based on difference in acreage). If the housing authority decides to come to our area, at least we'll be an option rather than the property across the way.

Anyone have any sort of experience in this? Does this even work in real life? :-p


Real Estate Deals

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http://www.fatwallet.com/forums/finance/1430144/ Fri, 27 Feb 2015 09:20:16 -0600
<![CDATA[Insurance]]> http://www.fatwallet.com/forums/finance/1430099/ Rating: 0 Posted By: adityasutrave
Views: 954 Replies: 6

My wife lost her job and hence insurance. My insurance only allows adding a member at the end of a quarter and hence we need some health insurance for about one month. She has hashimotos (hypothryoidism) and hence is under medication and we might need one lab test also this month. What would be the best one in this case? Does having AARP help. We have a AAA membership currently


Insurance Deals

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http://www.fatwallet.com/forums/finance/1430099/ Fri, 27 Feb 2015 00:53:11 -0600
<![CDATA[Amex updates to the PRG]]> http://www.fatwallet.com/forums/finance/1430089/ Rating: 0 Posted By: althes
Views: 1204 Replies: 5

http://www.cnbc.com/id/102460336#.

=12pxThey are adding 2X points for retaurants and a $100 airline credit but the annual fee is going up to $195 form $175. Also, no FTF.
Are these worth the increased fee.


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http://www.fatwallet.com/forums/finance/1430089/ Thu, 26 Feb 2015 22:23:05 -0600
<![CDATA[Paying cash for car = hard inquiry?]]> http://www.fatwallet.com/forums/finance/1430084/ Rating: 0 Posted By: sullim4
Views: 2074 Replies: 37

My wife and I just bought a new car after her 15 year old car's engine crapped out last week. We've been planning for this and had the cash saved up... so we researched, test drove, and shopped various dealers until we got what we wanted. When we were ready, the money was all ready to go.

During the purchase process, the dealer wanted to run a ChexSystems report to validate that our money was 'good'. I had no issue with this, I wouldn't trust a random Joe Schmo writing a personal check for $30k either.

What I do take issue with is that they used our personal information to run a credit check, and as a result, we have a hard inquiry on each of our Equifax reports. I am in the process of working this out with the dealership and will escalate this to the proper authorities if necessary, but I'd like to understand how they get off running a hard inquiry when I'm not applying for any form of credit. This should be a soft inquiry, correct?

And much to the dismay of FWF, this was not a Crown Vic, Grand Marquis, or Town Car purchase.


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http://www.fatwallet.com/forums/finance/1430084/ Thu, 26 Feb 2015 21:36:12 -0600
<![CDATA[How would you value Jet.com stock options?]]> http://www.fatwallet.com/forums/finance/1430077/ Rating: 1 Posted By: tedteddy
Views: 1799 Replies: 10

http://fusion.net/story/54990/guy-got-rich-using-jet/

So there was a contest recently where the company gave away stock options. The article values the stock options at 20 million. What do you think they are really worth?


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http://www.fatwallet.com/forums/finance/1430077/ Thu, 26 Feb 2015 20:27:54 -0600
<![CDATA[What is a mutual termination agreement]]> http://www.fatwallet.com/forums/finance/1430057/ Rating: 0 Posted By: Dilbertic
Views: 1280 Replies: 20

Current employer is looking at ending our positions at our company, we will have xxx amount of time to find another position within the company and if not they will ask us to sign a mutual termination agreement?

Since they are ending our jobs, how is this mutual? more so since our company handles it own unemployment ins, does this mean we can file for it? More or less wondering whats the pro's and con's

Thanks for feedback

Dil


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http://www.fatwallet.com/forums/finance/1430057/ Thu, 26 Feb 2015 16:59:31 -0600
<![CDATA[Home renovation without permits]]> http://www.fatwallet.com/forums/finance/1430014/ Rating: 8 Posted By: dcneb4eva
Views: 5133 Replies: 153

Hello,

I purchased a house on September, 2014, in Montgomery county, MD. It was a foreclosed house and the seller bought it, renovated it, and sold it to us. The renovation includes:

- New tiles, sink, and the bathtub for the second floor bathroom.
- Kitchen cabinets and appliances.
- The entire basement was renovated. Walls were added for the laundry room and for the bathroom the seller added.

We've found out that the seller didn't pull any permits for the renovation. I've contacted the Montgomery county permitting division and they told me that it is my responsible at this point. If I didn't buy the house "as is", which I didn't, then I may be able to request the seller to fix the issue. But if the seller doesn't want to, then I can either pay the fine and get the permits/inspection done, or hire a lawyer. They told me that it is a civil matter as of now. I just want to know how much I am looking at if I decide to just pay the fine. I believe hiring a lawyer is just as expensive. I also like to know how this could impact me when I try to sell the house in the next five years. One thing, though, is that I thought this kind of stuff was supposedly reviewed and handled by my agent. Isn't this the part of the reason why I hire an agent? This was my first time buying a house, so I obviously didn't know what to look for. I would really appreciate it if anyone can let me know any ideas how to handle the situation.

Thank you


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http://www.fatwallet.com/forums/finance/1430014/ Thu, 26 Feb 2015 12:09:48 -0600