Finance

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  COVID19 effect: Best way to take a salary reduction?
  • my4mainecoons

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  @zapjb I’d be bored if I retired. As for stocking up, I’m a coupon shopper with a stockpile. I have a year or more of food and supplies on hand all the time. When my sister asked if I had any hand sanitizer I shipped her a couple of containers of sanitizing hand wipes. Last weekend my neighbor needed mayonnaise. I have an annual sale to rotate the stock so most of it is less than a year old but I have cases of toilet paper, Kleenex and Clorox wipes left over from last year’s sale.

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  PenFed Mortage Recent Experiences?
  • thewall

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  i went to costco.com and contacted the lowest rate lenders from about 8. i locked in 15 yo conventional at 2.625% with no points. interesting though, 1 had $1800 in lender fees, the other had just under $1k. I don’t get why there is such a disparity. i applied for these over a week ago and i had applied 2 weeks ago to a couple of lenders at 3% .

  Now my question is when is the last responsible moment to go with 1 lender? at point of ordering appraisal? between the 2 lenders, 1 has impound account (lower fee) and the other doesn’t. 1 has rate lock until end of april, the other until end of march. first has lower fees but impound but lock until end of april. i’m concerned that somehow the lender with higher fee but no impound won’t close on time and i have to pay additional fees to continue the lock. any advice?

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  Discover it® Cash Back Is The Highest Cash Back Card On The Market (NO ANNUAL FEE)
  • MrsGuin

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  $400 bonus for 50k deposit to CIBC Agility Savings (1.85%)
  • vivyip

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  I wonder why CIBC USA only allows the Agility savings account to be opened online, but other accounts, like checking, you need to apply in person. Not practical, unless you live in Chicago.

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  Charitable organizations for children & women
  • Phat200

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  Charles Schwab to Drop Online Brokerage Fees to $0 For US & Canadian Stocks, ETFs, & Options Effective October 7, 2019
  • fivetalents

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  Vanguard in is joining in today.
  edit: typo

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  Looking for a credit card that pays 5% for gas (fuel) & 3% for restaurants (no annual fee) to replace Sam's Club Mastercard
  • busnut

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  Credit Karma: The best credit cards for gas in 2019

  Best for long-term gas savings: BP Visa® Credit Card Best introductory gas discount: ExxonMobil™ Smart Card Best for buying cheap gas: Costco Anywhere Visa® Card by Citi Best for filling up your tank at most gas stations: Sam’s Club® Mastercard® Best for commuters: Citi Premier℠ Card Best for road trips: Hilton Honors American Express Surpass® Card Best for Uber and Lyft drivers: Ink Business Preferred℠ Credit Card Best for driving to the grocery store: Blue Cash Preferred® Card from American Express ($95 annual fee) Best for going out with friends: Wells Fargo Propel American Express® Card Best for annual fee: Bank of America® Cash Rewards credit card
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  Example Portfolio Analysis
  • TheShoeThatFits

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  People do all this work and cannot beat index funds?

  I am not in the industry but I have a pretty significant portfolio in stocks and I do all kinds of option trades etc. I was trying to imagine, for example, what would the WMT forecast tab in your spreadsheet tell me and I have no idea what the message is - should I be buying the stock, selling the stock or what - no idea. So somehow all this work, I would think, has to end up relating to the client needs - e.g. you made x% last year and your portfolio is expected to make y% this year or something. I think you would benefit from taking some formal courses to have a complete picture - this way, not only you have the tools, but also the knowledge of how this output gets used. Plus the course bolsters your resume. If anybody could do some research on the web and put together a spreadsheet in 2 weeks and are aiming for what I would think would be a 60K+ job, why the hell are there people formally going to college and wasting 4-years of their life and lot of money on college expenses - they should just quit and work on this stuff.

  Did you do this work in Excel? Seems like writing a computer program would make this so much easier. Give the program a few parameters and it will happily crank out everything. I would be surprised too if big investment houses don’t have programs to churn out reams of this kind of data. So I don’t think the employment value is in being able to create this data - but it has to be in how to interpret this data and do some what-if analysis.

  BTW - the reason that I got interested in looking at the spreadsheet is because I do have a real need that is a lot more practical. The practical need is for some software to track my positions and based on the current date and price, give me some suggestions. As a simplest example, it could look at a stock in my positions and say - “hey - this is down 15% - do you want to continue to hold or get out of it and cut your losses”. Another example would be to take a look at my loss position and before the year is up, remind me - hey, we are within x-days of crossing a one year boundary - if you sell it now, you will get short term losses. And the reverse - “should I sell this?” - no - wait for 2 more weeks and then you would have LT gains. When looking at 3-5 stocks, no need for any of this - but when you have a normal account, IRA and Roth accounts for you and your wife - some of them with 20 different stock positions, then it becomes a bit hard to manage it all on a regular basis.

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  Roll Call...who uses ShopSafe or Citi's "Virtual Account Numbers"?
  • CtCarl

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  @fivetalents said in Roll Call...who uses ShopSafe or Citi's "Virtual Account Numbers"?:

  Nooooooooooo! BOA dropping ShopSafe!

  I know… Damn it… I guess no more BOA cards for me.

• 

  Nooooooooooo! BOA dropping ShopSafe!
  • CtCarl

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  this is a bummer

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  SIMPLE checking / savings - high interest plus bonus
  • platypus

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  Critique my plan please
  • MannyLNJ

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  As someone may have said, open up a high-yield checking account with Ally. I think their rates are above 2.15%. Free to open and no fees. You could honestly put a decent chunk of your money in there and watch it grow.

  I’ve used it a small bit and its good if you want to leave some money in.

• T

  debt or investment questions? confused..
  • thewallkatz

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  When I calculate how much interest I would pay over the life of everything I feel like I am just throwing money away for nothing…

  There is a popular mis-conception that when you are paying interest, you are throwing money for nothing. What you really have to look at is 2 things:

  How much is it costing you to borrow some money per year (after taxes)? If you took the same money and put it to good use, how much would you earn on that money (after taxes)?

  The reason for doing it after taxes is to adjust for the fact that stock appreciation/dividend income is taxed at a lower rate and mortgage interest deductability has become very limited. Don’t know how the biz loan works for that purpose.

  If 2 is more than 1, then you are definitely not throwing money away. If 1 is better than 2, then yes - you are throwing money away. But you also have to factor in pre-payment penalty - i.e. if 1 and 2 are the same, 2 wins because it has no pre-payment penalty.

  Answer to #1 is probably simple. Answer to #2 - depends on your risk tolerance etc. 95% of the guys on these forums hear stocks/options and they start wetting their pants. Given that, I think the answer is that you probably should pay off. Also, if there is no deductability of interest, I would take the “assured” 5% return by pre-paying early. But if there is deductability and the real interest rate is 3%, I would invest that money for the long term.

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  529 Day (College Savings Day Promotions)
  • turtlebug

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  CDs that pay interest at maturity?
  • buysell

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  I am a Citibank customer, and when going through the application process to open a 6 month CD (2.25% APY), I am given the option chose how often interest will be paid (monthly or at maturity, to CD or to my other accounts).

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  Difference between Savings account return and CD
  • rick505

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  You’re probably looking at Ally. Both rates are already APY, not APR. If you take the APY and divide it by 12 for your monthly interest computation, that’s wrong.
  https://www.investopedia.com/personal-finance/apr-apy-bank-hopes-cant-tell-difference/

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  PayPal Offers Their Credit Customers Up to $500 ($25M Total) In Interest Free Cash Advances to Verifiable U.S. Federal Employees Due to Shutdown
  • fivetalents

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  Free Credit Score + Monitoring + ID Protection - Credit Sesame
  • MrsGuin

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  Up to $350 bonus for new Chase checking/savings accounts
  • dangeRuss

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  I just received another $600 offer and noticed that the fine print has changed:
  “You can receive only one new checking and one new savings account opening related bonus every two years from the last enrollment date …”

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  Chase Savings $300 Bonus – Requires $25,000 deposit For 90 days and savings account to remain open for six months (can withdraw down to $300 after 90 days) - online or in-branch - Offer expires 1/17/19
  • MrVietnam

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  The fine print has changed:
  “You can only receive one new savings account opening related bonus every two years from the last enrollment date …”

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  Equifax Offers Additional Year of Free Credit Monitoring via "Independent" 3rd Party (Experian) to Breached Accounts Already Enrolled in Their Free TrustedID Premier Service, Exp 01-31-2019
  • fivetalents

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  Frequently Asked Questions

  I was impacted by the Equifax 2017 cybersecurity incident and enrolled in.
  TrustedID® Premier. What happens now?
  You have the opportunity to:

  Enroll in the Experian IDnotify product, at no cost for additional coverage; or Opt out of the free Experian product.

  Why is Equifax collaborating with Experian?
  Equifax has collaborated with Experian®, one of the three nationwide credit bureaus, to provide TrustedID Premier subscribers who were impacted by the 2017 cybersecurity incident with an additional year of free credit monitoring service. Consumers who enroll in IDnotify from Experian will receive their product at no cost.

  I have several months left on my TrustedID Premier subscription, but I am receiving this offer for Experian services now. Will I still receive two full years of credit monitoring?
  If you decide to enroll in IDnotify, your credit monitoring service will transition from TrustedID Premier to IDnotify, but you will be given a minimum of two years of total coverage.

  What happens if I locked my Equifax credit report through TrustedID Premier – will my Equifax credit report remain locked?
  No, your Equifax credit report will be unlocked when your TrustedID Premier subscription expires. Also, if you enroll in the Experian IDnotify product, your TrustedID Premier product will cancel and your Equifax credit report will be unlocked. <----

  If you have another Equifax product with Equifax Credit Lock, we recommend that you sign into that product and lock your Equifax credit report.

  If you wish to restrict access to your Equifax credit report, you can place a free security freeze or sign up for our complimentary product Lock & Alert.

  What if I have a security freeze on my Equifax credit report?
  If your Equifax credit report is frozen and not locked, the security freeze will stay in place.

  My spouse received an email that their TrustedID Premier product was expiring; why aren’t they being extended?
  While Equifax committed to providing TrustedID Premier free for one year to everyone in the United States, we extended the additional credit monitoring service through Experian for those TrustedID Premier subscribers whose information was impacted by the cybersecurity incident.

  What if I don’t opt out of receiving the free product from Experian within the 14-day window?
  If you do not opt out, we will share certain personal identifying information of yours with Experian so that they can confirm your identity and you can securely enroll in the product.

  What if I want to cancel my TrustedID Premier product before it expires?
  You can cancel your TrustedID Premier product at any time. Please be aware that if you cancel your TrustedID Premier subscription, the Experian free product with extended coverage will not be available to you. <----

  If you wish to cancel your subscription, please call us at 1-888-548-7878.

  How will Experian use that information?
  Experian will use the information Equifax is sharing to confirm your identity so you can securely enroll you in the Experian product. It will not be used for marketing or solicitation.

  Can I continue using TrustedID Premier for another year instead of switching to Experian?
  No, your TrustedID Premier subscription will expire. We have partnered with Experian to provide TrustedID Premier subscribers who were impacted by the 2017 cybersecurity incident with an additional year of free credit monitoring service.

  What if I have questions and need support?
  Email Equifax Customer Care anytime at customer.care@equifax.com or call us at 888.548.7878, 8:00 AM – Midnight EST, 7 days a week.

• 

  Quizzle is Closing on Nov 1‌6, 2018 to Join Bankrate... Bankrate to Offer Expanded Free Credit Monitoring & Analysis Services
  • fivetalents

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  @fivetalents said in Quizzle is Closing on Nov 1‌6, 2018 to Join Bankrate... Bankrate to Offer Expanded Free Credit Monitoring & Analysis Services:

  I’m hesitant to call it better without seeing how it performs/how things play out.

  As was I, which is why I wrote that it “appears to be slightly superior.” Appearances can be deceiving.

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  I want an checking account that pays no interest.
  • gadom

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  Thanks I guess I did not look far enough into the issue. I did not query google properly.
  Much appreciated.

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  Best type of (Vanguard) mutual fund for young adult, that will probably withdraw for a home within 10 years?
  • mom2jel

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  There’s also the Vanguard Star Fund. $1,000 minimum. It’s a balanced fund and good if you can’t make up your mind since it basically invests in a dozen other Vanguard funds.

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  IRS shrinks the 1040 tax form and does away with the 1040A and 1040EZ forms
  • MrVietnam

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  While diggler is 300% correct, one key thing is the elimination of AMT. AMT was neutralizing the exemptions, personal property taxes, state tax deduction etc. Even though I live in CA, my taxes are lower with the new tax laws versus the old one. I think the main reason is that I don’t own a mansion just to get the tax breaks.

• 

  PSA: Those who do business with The Plastic Merchant, beware of current issues
  • Ma Barker

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  Latest update from from Shawn of Miles2Memories
  https://milestomemories.boardingarea.com/the-plastic-merchant-website-closed/

  Hopefully, sellers kept their own records just in case as proof of how much is owed them that wasn’t paid.

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  Buying my grandparents house - need mortgate advice
  • bhoup

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  First, the lady was right in advising you to get an estimate. In fact, I would advise that you get at least two estimates. If it were me, I’d get 3 estimates. Ask each contractor what they would charge if you decided on changes. Do you have a firm remodeling plan sketched out on paper? What would need to be removed? What needs to be moved to a different location? Are you adding or removing windows or a door? Are you making the kitchen larger? Where the support beams are located makes a huge difference in cost when you are moving all or part of a wall. Will you be moving plumbing? Where do you want the electrical connections? What type of lighting? What materials do you want for the sink and the countertops? Do you want an island? Will the flooring need to be replaced? All of that and more will help the contractor give you a knowledgable and fair estimate. If you just figure you’ll spend up to X and stop, you’ll have to make your choices based on the available amount.
  Now, as to the lady’s proposal that you apply for more money than you need…I’d find another lender very quickly. It’s wrong, to begin with, and whatever lender you use will base the amount they lend you on the appraised value of the property. The lender will run through your ability to pay, then have a qualified appraiser give them a current market valuation for the property. That is what the lender will go by, and only a dishonest appraiser will add another $25,000 to the appraisal so you can get more than the property is worth, give the extra along with the purchase price to your grandparents, and then have your grandparents kick back the extra to you.
  That said, if your grandparents wish to sell the property to you for X (the purchase price, which should be about the market value or a bit less so it’s not a “sweetheart deal”), and they then decide to gift you with $25,000 because you are their beloved grandchild or they wish to loan you $25,000 at current interest rates or a bit lower because you are their beloved grandchild, that might fly. Depends on whether you have other family members who might get irate that you’re getting $25,000 and they’re not.
  The main thing is to be very careful to keep the purchase of the property separate from your grandparents gifting or loaning you the remodel money. The bank is investing in the property, and they expect that their loan will be for less than they could get if they foreclose and sell the property, if necessary.
  As far as a remodeling loan, if you are getting a loan for less than the appraised value of the property (i.e., property valued at $200,000, purchase price is $180,00 and loan is for $150,000, somewhere along the line the lender is going to want to know where the other $30,000 of the purchase price is coming from - is it a gift from your grandparents or are they loaning you that money. Or are your grandparents selling you the property for well under market value, and why. The bank will not go along with a property valued at $200,000, purchase price is $225,000, and loan is for $225,000) The bank might easily go along with your grandparents selling you the property for $150,000 although the appraisal is $200,000, and they then loan you an additional $25,000 for remodeling purposes since you would have $50,000 in equity in the property because you paid a lot less than the appraised value.
  Talk with an attorney, talk with other lenders. it is entirely possible you could obtain a remodeling loan if you will have some equity in the property after closing, depending on how the initial purchase is structured.
  I am not an attorney or a loan officer or involved with any lender. I have worked for title companies as a mobile notary public for some 24 years and have dealt with lenders, title companies and borrowers, talking with loan officers and with borrowers at the table, and I do my best to stay informed about the industry.

• 

  Incredible Bank $100 Checking Bonus + $100 Per Referral
  • marcopolomle

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  @ctgolfer said in Incredible Bank $100 Checking Bonus + $100 Per Referral:

  I’m “referring” everyone here at Phatwallet to sign up. Do I get $100 per member?

  Yes.

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  New Uber 4% cashback card. Restaurants and more
  • dssproxy

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  No go for me converting from a Barclays Arrival card

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  Why Dave Ramsey doesn't recommend index funds
  • larrymoencurly

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  @larrymoencurly

  I read the headline and immediately thought “because he doesn’t get paid”, then I clicked into the thread…

• ?

  1 Year Free Credit Monitoring - MYIDCARE
  • Guest

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  depleat savings to payoff/pay down mortgage?
  • skh12

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  The question is, what return can you get with the available cash? If it can earn more than 3.75%, then don’t pay off the mortgage. Also remember, when you pay off the mortgage, that money will be difficult to access versus say being in the stock market. This is always a difficult decision and it comes down to: what makes you feel more comfortable?

• M

  Home w/Reverse Mortgage disposal upon death.
  • MisterEd

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  Read the Reverse Mortgage paperwork. There are NO payments due, ever, period. That’s the purpose of an RM. Once the mortgage company gets their pound of flesh via the upfront fees and charges (taken out of the money due the elderly person or persons), all that happens is interest accumulates…and accumulates…and accumulates. When the last person on the RM dies, the heirs have a choice of paying off the balance due on the RM OR letting the mortgage company have it. Period. I would not call it “foreclosure” since NO money is owed by anyone living or by the estate. Given the circumstances, go with 2 and just get it done. (I’ve conducted a fair amount of RMs over many years as a Mobile Notary Public working for title companies, so I am familiar with the wording and terms on typical paperwork for these.) I can’t think of any “risk” unless the heirs take out fixtures that are part of the real property (no removing the furnace or central H&A, for example) or they damage the property in the course of removing the personal property. Make sure you clarify with the mortgage company the status of the property insurance and responsibility for securing the property and protecting it during the transition and also access for the heirs to remove said personal property.

• R

  Calculating Traditional IRA contribution amount for self-employed question
  • Richard

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  If you’re self employed, can’t you also put in like a billion dollars into the 401K?

• O

  Off to buy or lease. The FW thread is gone. Tips ?
  • owenscott

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  @owenscott It’s possible. For the 2nd car we went in, we got a pretty sweet deal. It was a brand new leftover from a previous model year and they really wanted to move it.

  I don’t know why she would get an SUV, but I like toyotas. My 2nd car is a toyota and although it’s a huge gas guzzler, I’m fairly happy with it. Although my main driver is a nissan altima hybrid.

• 

  How to Retire Early
  • Burgerwars

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  This is like retiring just for the sake of retiring. Even though I can retire, I want to do it in style. Few more years of work and use the money to upgrade to a home with a really nice view, big windows etc. Then travel at least 3-4 times a year and when at home, enjoy sitting in the nice view room goofing around on the stock market. But I am also using my financial freedom to make sure that I like the job - the day I don’t like it, I will quit.

  If somebody does want to retire early, they should maximize their IRA’s, 401K etc and then when they have no income, they can tap into it. Sure may be there is a penalty but hopefully much lower taxes.

  The other things to take advantage of - if the company offers it is things like unqualified retirement plans and non-deductible Roth 401K. And don’t forget the HSA.

  It is amazing how much effect compounding can have on the money that you didn’t pay to the IRS and keeps growing for you.

• 

  Recommendations for personal accounting software?
  • my4mainecoons

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  @my4mainecoons

  I use YNAB 4. I’m not sure if I love it, and it doesn’t have automatic bank integration like Quicken probably does. I end up having to download the QIF files and import them.

  I’m also sure I’m not using the program quite right, but it does the job.

• T

  40 year mortgage - looking for lenders
  • twinlabs

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• R

  The INVESTMENT / RENTAL PROPERTY thread!!!!!!
  • rufflesinc

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  @techy asked:

  What would be the tax treatment for home inspection fees paid before purchase of a rental property?

  Am I able to amortize or deduct as expense?

  From Intuit:

  “Closing costs on an investment property may fall into one of three tax categories:

  Deductible as a current expense – These amounts are deductible in full as a rental expense in the year the property is purchased

  Amortized over the life of the loan – These amounts must be deducted evenly over the total number of loan payments required at the beginning of the loan

  Added to the cost basis of the property – These amounts must be added to the cost basis (i.e. the purchase price) of the property and must be depreciated”

  Fees for your inspections add to your cost basis of the property.

  Cost basis = the original purchase price + closing costs (e.g., legal fees, recording fees, title-search fees, home inspection…), and is used to offset capital gains when selling the property.

  According to the IRS:
  “Generally, deductible closing costs are those for interest, certain mortgage points, and deductible real estate taxes.

  “Many other settlement fees and closing costs for buying the property become additions to your basis in the property and part of your depreciation deduction, including:

  Abstract fees Charges for installing utility services Legal fees Recording fees Surveys Transfer taxes Title insurance Any amounts the seller owes that you agree to pay (such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions).

  “Additional Information

  About Publication 17, Your Federal Income Tax

  Publication 527, Residential Rental Property (Including Rental of Vacation Homes)

  Publication 535, Business Expenses

  “Category
  Sale or Trade of Business, Depreciation, Rentals

  “Sub-Category
  Rental Expenses”

  For additional information about how to report the expenses incurred during the purchase of your rental property, see this line by line breakdown of a typical HUD-1 Statement.

  Information from the IRS about general business deductions:

  https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Deducting-Business-Expenses

  When you’re done sorting through all of the above, the best advice that I can give to you is:
  A CPA who is well-versed in investment properties is priceless…find and retain one!

• 

  My Robinhood account was just activated for crypto currency trading. This is how it worked.
  • Burgerwars

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  Thanks for the data point on this. I was interested in doing this, but I can’t figure out how to get it set up.

• M

  Reports Of Significant Security Issue With Accounts At Chase
  • MrVietnam

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  Thanks for posting. My Chase acct. isn’t even a year old yet… Not a good start to it.

• B

  Stated Income, Credit Cards, Bankruptcy - Likelihood of fraud accusations?
  • beans

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  @zennuts said in Stated Income, Credit Cards, Bankruptcy - Likelihood of fraud accusations?:

  I would find more about the current law. I believe it changed quite a bit since Keebler’s day so it may no longer be doing what you are hoping it would and also, may not be your best option.

  I would also add it’s very very unlikely that you will be criminally charged.

  The most notable Bankruptcy reform occurred in 2005 (BAPCA) and mine was a few years AFTER that so the new rules already applied. I haven’t heard of any newsworthy change since then.

  In fact, I remember seeing graphs showing the number of bankruptcies spike before the law changed and then slowly rise back of from nearly nothing right after the law changed. The number of Bankruptcies before-and-after were virtually unchanged!

  Back then I participated in a Bankruptcy forum and learned tons about the Bankruptcy process before I did it. There’s ways to do it wrong and there’s ways to do it right.

  Contrary to popular belief, Bankruptcy isn’t for avoiding financial disaster – its for cleaning up after financial disaster.

  The best advice that I got was to start living your post-Bankruptcy life before you file for Bankruptcy. In this regard, you reform your finances first and learn to live within your means. Then you use Bankruptcy to avoid having creditors interfere with the recovery that you’ve already put in to motion.

  Very generally, you stop paying anyone who’s going to be discharged in the Bankruptcy and you start living paycheck to paycheck. Spend every penny and stop ignoring all the important stuff. Maintain your house and your car. Spend money on your health instead of ignoring it. Get your teeth taken care of. Buy clothing. Spend every penny of your paycheck on reasonable living expenses and don’t leave anything out. Your goal is to demonstrate – by example – that you’re spending every penny of your paycheck on all the reasonable living expenses that normal people have. Don’t skimp out on anything. Keep good records and do it for at least six months (longer if you can).

  The Bankruptcy filing will rely on your six months (or more) of history to demonstrate that your living expenses actually consume 100% of your income and therefore you have no money left to repay creditors. This is Chapter 7.

  If you manage to have money left to repay creditors, you’ll end up Chapter 13 and you’ll spend the next three to five years repaying what you’ve demonstrated is available.

  Far too many people go in to Bankruptcy having skimped and scraped to get by. They neglect healthcare and car maintenance and they live on Ramen noodles. Well, guess what? You’ve demonstrated that you can live on almost nothing and the court will happily put you in to Chapter 13 where you’ll be living on Ramen noodles and skipping car repairs and dental care for FIVE YEARS wile you struggle to repay creditors.

  Instead, you should learn what the court thinks are reasonable expenses and live your life fully within those guidelines while you save receipts and establish your pattern. Even if you end up in Chapter 13, you’ll know it well ahead of time because you’ve gotten yourself on a sustainable budget. The best part is that it’ll give yourself the best chance of surviving long-term.

  If you can prove that there’s no money left at the end of the month to repay creditors, you’ll be Chapter 7 and you’ll start your new life debt-free and penniless.

• 

  Vanguard Mutual Funds "Upgrade" to Brokerage - how does Quicken handle this?
  • mom2jel

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  Capital One® accounts will move to E*TRADE® later this year
  • Richard

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  @high-technology said in Capital One® accounts will move to E*TRADE® later this year:

  There appears to be a targeted code of 900ME for 50% higher bonuses that is for retirement accounts only. Of course YMMV on the latter code.

  It’s available to anybody who’s already a BOA Preferred Rewards member:
  https://www.merrilledge.com/offers/900offer

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  TurboTax Has Me Waiting For A Form
  • redmed

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  @redmed I use IRS free fillable forms. Form 1040 and the various schedules are up and running, but they posted that Form 8606 will not be available there for online filing until 2/8/18.

  As you say, the 8606 is on the main IRS website for downloading, but the online filing version is not up yet.

• O

  Delivery job. Paid 43 cents a mile + minwage use my car. Can i deduct the dif between what i was paid and allowed deduction ?
  • owenscott

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  Are you an employee or contractor? If an employee, your deduction for unreimbused expenses is (i) contingent on your itemizing (vs. standard deduction) and (ii) only for the amount in excess of 2% of AGI. If you are a contractor, these limits /conditions do not apply, deduct on Schedule C.

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  Strategy for paying large medical expense
  • myotherid

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  @dangeruss In all the years I’ve been married I never knew FSA funds could crossover to the spouse. I thought that a spouse with their own insurance plan and their own FSA account was locked in to only using their own FSA funds. From what I can determine from various webpages that is not true. FSA funds can be used for spouses. Thank you for the tip.

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  Atari is offering up a "Unique Investment Opportunity"
  • ablang

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  people in the comments section there don’t seem to be too impressed with it. Be sure to do your research before any investment.

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  Barclay's Online Savings went up to 1.50%.
  • MickeyMeow

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  Advice on career
  • needadvice

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  A good place to start would be to look at local college for a job there. Many of them offer some limited class hours as a benefit of employment. Take probably varies per school and state. When I worked for a university it was 12 hours per semester that was covered. You still had some extra book/etc. expenses but getting the hours covered was huge in the cost of my education.