2gifts’ Activity

Yesterday

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Boards Post

2gifts replied to the Living Below Your Means board. 2:48 PM

Re: Baby Boomers' Retirement Strategy: Binge Spendin

This doesn't look odd to me. I know that I carry an annual amount for replacement vehicles that is amortized over a number of years, so I might have that virtual set-aside for 5 years, and then spend it all to buy a car, but the purchase was planned [more]

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Boards Post

2gifts replied to the Paying For College board. 9:27 AM

Re: Getting to that number

I get the LBYM part. We are not accruing debt.

Good. Does this also mean that you have paid off all your debt? I believe it was you over on the Credit Card board that had a lot of debt to be paid off. Has that all happened and it is [more]

Mon Mar 30

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2gifts replied to the Paying For College board. 8:16 PM

Re: Getting to that number

I would like to hear more about how people got or are striving to get to that number. Hearing that you lived below your means or made savings a priority is less helpful than hearing, I rebalanced my stocks yearly and switched to cd's or bonds when [more]

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Boards Post

2gifts posted to the Mastering Quicken board. 7:35 PM

how do I memorize a Loan payment

I migrated to Quicken 2015 earlier this year, and have stumbled across an issue with loan payments. In earlier versions, there was an option to "pay a loan" and that automatically split the payment between interest and principal. Now that I [more]

Sun Mar 29

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Boards Post

2gifts replied to the Paying For College board. 8:47 AM

Re: Getting to that number

I have encountered a number of people recently moonlighting to pay for their kid's higher education. This scares me. These are professionals with well over six figure salaries that did not have adequate savings for higher education. One states she [more]

Fri Mar 27

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Boards Post

2gifts replied to the Credit Cards and Consumer Debt board. 12:01 PM

Re: selling a timeshare

You know some of us argue about whether it's smart to pay off a mortgage? Well I've suddenly thought, questioningly, whether there are some conditions under which a creditor, or a long-term care provider, or Medicaid/Medicare, or whoever can claim [more]

Thu Mar 26

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Boards Post

2gifts replied to the Retirement Investing board. 8:46 AM

Re: Taking SS

I'm trying to understand more about the "take SS and suspend" plan idea. My wife, who is 58, could take SS sometime in the next few years (I haven't looked up exactly when yet), and then she could suspend and I would take 1/2 as her [more]

Tue Mar 24

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Boards Post

2gifts replied to the Retirement Investing board. 1:50 PM

Re: 401k's a failure for many

Older workers do tend to have more savings. At Vanguard, for example, the median for savers aged 55 to 64 in 2013 was $76,381. But even at that level, millions of workers nearing retirement are on track to leave the workforce with savings that do [more]

Fri Mar 20

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Boards Post

2gifts replied to the Living Below Your Means board. 7:44 PM

Re: The Undebtors

They induced you to spend a lot of money by tempting you with a subsidized interest rate. THEY win!

Actually, that's a bad assumption. The truck was a planned purchase that was 2 years overdue, and I had the cash sitting in the bank. [more]

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Boards Post

2gifts replied to the Tax Strategies board. 11:49 AM

Re: File for child?

In 2014 moved the money to CapOne and it now shows up on my 1099-INT form.

Why is his income showing up on your 1099-INT? Is the account in his name as a UTMA? If so, then it should be under his SSN. Did you open the account under [more]

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Boards Post

2gifts replied to the Millionaire Fools board. 9:56 AM

Re: Where You Go Is Not Who You'll Be

If he's studying a useful skill (and he is since he chose engineering), the likelihood of that is very low anyway.

That depends on the area of engineering, and how the market for that area is doing at any particular time. Engineering, [more]

Wed Mar 18

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Boards Post

2gifts replied to the Living Below Your Means board. 2:57 PM

Re: The Undebtors

Small contractors don't seem to understand the concept of "I'll have my bank send you a check."

Because this can sometimes translate to never getting a check at all.

Most contractors would like to get paid upon [more]

Tue Mar 17

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Boards Post

2gifts replied to the Living Below Your Means board. 8:52 AM

Re: The Undebtors

It seems extreme to me. The article talks about immigrant families who pay off their 30-year mortgages in 4 years because everyone over 16 works, and every penny goes towards paying off the mortgage. There is no cable, no eating out, no new clothes, [more]

Mon Mar 16

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Boards Post

2gifts replied to the Living Below Your Means board. 3:15 PM

Re: Other People's Money...

If it was at 0-2% I might take the loan.

I just took a 5-year loan at 1.49% on DH's truck because that is the better financial decision for us. It was a planned purchase for which we had the cash available, but I can do much better [more]

Fri Mar 13

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Boards Post

2gifts replied to the Ask A Foolish Question board. 11:42 AM

Re: MLP's in IRA"s

Try asking your question over on the Tax Strategies board http://boards.fool.com/tax-strategies-100155.aspx?mid=316680...

There are several tax pros that hang out [more]

Thu Mar 12

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Boards Post

2gifts replied to the Tax Strategies board. 7:28 PM

Re: Adding a name to a holding?

Nice balloon! Happy Fooliversary, and I see we are both in MA, although I am further west.

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Boards Post

2gifts replied to the Tax Strategies board. 4:05 PM

Re: Adding a name to a holding?

If I open a joint brokerage account with him, what happens at tax time? Do we get to chose who is responsible for the interest and gains? Do we split it?


Typically, they report the income against the first SSN listed on the [more]

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Boards Post

2gifts replied to the Tax Strategies board. 2:50 PM

Re: Adding a name to a holding?

My experience is that it depends on the broker. For instance, I just (finally) changed my kids' accounts from UTMA with me as custodian to just in their names since they are past the age of majority. At TD Ameritrade, they just retitled the account, [more]

Wed Mar 11

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Boards Post

2gifts replied to the Living Below Your Means board. 3:56 PM

Re: The Dream is Dead?

And how much money will he have in 25 years?

A lot more than if he didn't bother to save at all.



I actually started out by putting $25/month into a DRIP, and then that grew to $50/month, and that grew to $100/month [more]

Mon Mar 9

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Boards Post

2gifts replied to the ROTJob's Cubicle board. 10:55 AM

Re: So wrong

So he's been sponging off her for years now.

Interesting perspective. Do you view SAHM's as sponging off of their husbands? If she is OK with what he is doing, why is it anyone else's business?

Husband thinks this is a [more]

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Boards Stats & Trivia

Big gold star, 5000 posts Old School Fool
Board Posts 13432
Recs Received 29546
People who have rec'd these posts 2454
Recs to Posts Ratio (last 30 days) 10.90
Threads Started 559
Threads Started Percentage 4.16 %
Most Frequent Board Living Below Your Means
Very First Post Re: Education IRA?? (6/17/1998)
Percentage of Posts Rec'd 51.21 %
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