IslandFoolin’s Activity

Wed Mar 5

Caps Pick

IslandFoolin made a pick in CAPS. 9:15 PM

Delta Air Lines, Inc. (DAL) will Outperform the S&P 500

Sun Mar 2

NL

Boards Post

IslandFoolin replied to the Credit Cards and Consumer Debt board. 2:00 PM

Re: Emotional Money | Death, Debt, and Windfalls

I see the car as opportunity cost... That $12,000 will go a long way in reducing a debt that costs me $1,000/yr. It was tempting to keep the car at first, but honestly, the financials aside, I just kind of don't like it.

As always, thanks [more]

Thu Feb 27

NL

Boards Post

IslandFoolin replied to the Foolish 401(k)s board. 2:40 PM

Re: Old 401k, Old Question | Keep, Convert?

Rock on, Coachtom4...

May I have a few more of your cents, please?

-K

NL

Boards Post

IslandFoolin replied to the Credit Cards and Consumer Debt board. 2:28 PM

Re: Emotional Money | Death, Debt, and Windfalls

I've been buying and selling my own cars and motorcycles in the private marketplace for the past 17 years. It brings no burden, but good advice for someone who doesn't like doing it.

As for the charitable contributions, I use [more]

NL

Boards Post

IslandFoolin replied to the Foolish 401(k)s board. 1:55 PM

Re: Old 401k, Old Question | Keep, Convert?

Jesus Fuskie...

Though the need to manage all of those accounts does appeal to my more obsessive side.

Self-manage is my course of choice and is what spawned all this in the first place. My VTIVX Target Retirement fund [more]

NL

Boards Post

IslandFoolin replied to the Foolish 401(k)s board. 12:12 PM

Re: Old 401k, Old Question | Keep, Convert?

Ah yes... I either misheard the rep or interpreted it as there being no early disbursement fee rather than not having to pay tax.

Many thanks for pointing that out.

-K

NL

Boards Post

IslandFoolin replied to the Foolish 401(k)s board. 10:29 AM

Re: Old 401k, Old Question | Keep, Convert?

You also need to know that if you convert you need to come up with the cash to pay the taxes. If the amount in the 401(k) is large this can be pretty significant amount. For example, if you have $100,000 and you convert it to Roth, you are [more]

NL

Boards Post

IslandFoolin posted to the Foolish 401(k)s board. 10:02 AM

Old 401k, Old Question | Keep, Convert?

I have a 401k in an employer sponsored plan hosted at Vanguard. I am no longer employed at this company nor have been for a while now.

Recently, I began doing some homework on how my money is invested within this plan and found that the 2 [more]

Mon Feb 24

NL

Boards Post

IslandFoolin replied to the Inheritance Strategies board. 2:00 PM

Re: Educating Myself To Educate My Parents

Just a brief update...

I thought about 2Gifts' advice and acted upon it. I wrote my parents a letter opening up a discussion about boundaries.

In brief it outlined my soul searching for why I'm so concerned and interested in being [more]

NL

Boards Post

IslandFoolin replied to the Credit Cards and Consumer Debt board. 12:33 PM

Re: Emotional Money | Death, Debt, and Windfalls

If you live in a city and need a car once every two weeks, are you sure you need to own one?

Yep. Positive.

My folks live about 2 hours south and I like to visit. It's either a bus ($30 RT) or train ride ($160-$260 RT) and a [more]

NL

Boards Post

IslandFoolin replied to the Living Below Your Means board. 12:14 PM

Re: Living Below Your Means Under Obamacare

If you are self employed, all of the premium is tax deductible. I hope that helps it seem like a less bitter pill.

DEG


Is this true? I can't seem to find any info about this. -K

NL

Boards Post

IslandFoolin replied to the Tax Strategies board. 12:12 PM

Re: Implications of Investing For A 7 Month Old

Thanks all for the replies.

Yes, I realize that I could take that money out at any time and pay that 10% penalty, but my preference is to not have to pay a penalty for the privilege of accessing my money for a different expense, plus I [more]

NL

Boards Post

IslandFoolin replied to the Inheritance Strategies board. 11:56 AM

Re: Educating Myself To Educate My Parents

2Gifts... thanks for continuing to be a source of knowledge and opinion.

To answer the question that strings your reply together, no, they haven't come out and said, "Son, will you help us". However, my family is very small and [more]

Sat Feb 22

NL

Boards Post

IslandFoolin replied to the Living Below Your Means board. 12:02 PM

Re: Living Below Your Means Under Obamacare

First and foremost, thank you for keeping your replies level headed for what is surely a sensitive topic.

Secondly, thank you for sharing your experiences, the more of them I hear, the more attractive insurance becomes.

In [more]

NL

Boards Post

IslandFoolin replied to the Tax Strategies board. 11:38 AM

Re: Implications of Investing For A 7 Month Old

Thanks all for the opinions and knowledge.

2Gifts, great info and ideas. I think this is the route I will take.

I failed to mention that I am only 32 years old so leaving something in my will was not the aim. The aim was for my [more]

NL

Boards Post

IslandFoolin replied to the Credit Cards and Consumer Debt board. 11:32 AM

Re: Emotional Money | Death, Debt, and Windfalls

Thank you all for your replies. The grieving has been over for some time now and decisions are being made with a clear mind.

Details of my debt can be found in the linked post in at the top of this topic. I'm in a snowball plan and paying [more]

Fri Feb 21

NL

Boards Post

IslandFoolin posted to the Living Below Your Means board. 10:53 PM

Living Below Your Means Under Obamacare

NOTE: THIS IS A BI-PARTISAN, A-POLITICAL, I'M NOT ASKING FOR YOUR OPINION ON OBAMACARE OR HEALTHCARE REFORM THANK YOU VERY MUCH POST. IT MAY BE SOMEWHAT OF A RANT POST BUT, I ASSURE YOU THERE ARE VALID QUESTIONS CONTAINED THEREIN. ALSO, I AM NOT [more]

NL

Boards Post

IslandFoolin replied to the Tax Strategies board. 10:18 PM

Re: Implications of Investing For A 7 Month Old

Thanks for the info, Peter. Very helpful.

It has made me begin to wonder if I shouldn't create the account in my name, knowing that it is for him in the future? Hmmm....

-K

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Active Picks 1
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Boards Stats & Trivia

One star, 50 posts
Board Posts 163
Recs Received 74
People who have rec'd these posts 53
Recs to Posts Ratio (last 30 days) N/A
Threads Started 53
Threads Started Percentage 32.52 %
Most Frequent Board Credit Cards and Consumer Debt
Very First Post A Birthday Present for My Sister (8/26/2004)
Percentage of Posts Rec'd 23.31 %
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