Comments for Ufinance.net http://ufinance.net Just another Webaplex.com Corporate Site weblog Mon, 18 Jun 2007 08:24:40 +0000 http://wordpress.org/?v=2.9.1 hourly 1 Comment on How to Open a Mutual Fund Account by Carnival of Personal Finance: Greatest Hits Edition ∞ Get Rich Slowly http://ufinance.net/2006/12/21/how-to-open-a-mutual-fund-account/comment-page-1/#comment-100 Carnival of Personal Finance: Greatest Hits Edition ∞ Get Rich Slowly Mon, 18 Jun 2007 08:24:40 +0000 http://finance.webaplex.com/12/how-to-open-a-mutual-fund-account/#comment-100 [...] General Finance has a good overview of how to open a mutual fund account. [...] [...] General Finance has a good overview of how to open a mutual fund account. [...]

]]> Comment on Savings Money Tips by Chris http://ufinance.net/2007/05/29/savings-money-tips/comment-page-1/#comment-518 Chris Mon, 11 Jun 2007 15:56:06 +0000 http://finance.webaplex.com/05/savings-money-tips/#comment-518 Oh, and you missed a couple of non-necessities, such as cable/satellite TV. Don't forget, an antenna from your local supplier, should only cost $150+, and that cost can be spread across your lifetime. Or, if you think of cable/satellite TV a "necessity", you can simply get the $30+/month option for basic service instead of all the pay channels, etc. If you live close to work, do you really need a vehicle? After all, you have initial cost of a vehicle, gas, maintenance, and insurance. Now, if you drive 2-3 times a month, and it only costs a couple hundred dollars use public transportation (i.e. bus, train, cab), you may just be better off not getting a vehicle. Personally, I want my children to pay cash for a vehicle when they need one, but also have money left to take care of routine maintenance and repairs for it. Oh, and you missed a couple of non-necessities, such as cable/satellite TV. Don’t forget, an antenna from your local supplier, should only cost $150+, and that cost can be spread across your lifetime. Or, if you think of cable/satellite TV a “necessity”, you can simply get the $30+/month option for basic service instead of all the pay channels, etc.
If you live close to work, do you really need a vehicle? After all, you have initial cost of a vehicle, gas, maintenance, and insurance. Now, if you drive 2-3 times a month, and it only costs a couple hundred dollars use public transportation (i.e. bus, train, cab), you may just be better off not getting a vehicle.
Personally, I want my children to pay cash for a vehicle when they need one, but also have money left to take care of routine maintenance and repairs for it.

]]> Comment on Savings Money Tips by Chris http://ufinance.net/2007/05/29/savings-money-tips/comment-page-1/#comment-517 Chris Mon, 11 Jun 2007 15:46:38 +0000 http://finance.webaplex.com/05/savings-money-tips/#comment-517 You might want to check out this blog. http://oldprof.typepad.com/a_dash_of_insight/ He makes some valid points when it comes to the negative savings rates. Also, picture something like this. Person A: Mortgage: $850/month Utilities (electricity, heat, water): $250/month Food: $350/month If they had a brokerage account (not a traditional retirement account per se), and this account earned 8%/yr, and merely distributed the interest when necessary. That person would only need to have $217,500 in that account. Not pocket change, to be sure, but still very plausible, even to those who earn say $50k/yr. In my personal case, I'd have to have $1,125,000 in such an account to offset my living expenses (merely because we have a shorter term mortgage than most folks bother getting - a 15 year mortgage). Keep in mind that I'm targeting $3.3 M so that I only withdraw 4%/yr. You might want to check out this blog.
http://oldprof.typepad.com/a_dash_of_insight/

He makes some valid points when it comes to the negative savings rates.

Also, picture something like this.
Person A:
Mortgage: $850/month
Utilities (electricity, heat, water): $250/month
Food: $350/month

If they had a brokerage account (not a traditional retirement account per se), and this account earned 8%/yr, and merely distributed the interest when necessary. That person would only need to have $217,500 in that account. Not pocket change, to be sure, but still very plausible, even to those who earn say $50k/yr.
In my personal case, I’d have to have $1,125,000 in such an account to offset my living expenses (merely because we have a shorter term mortgage than most folks bother getting – a 15 year mortgage). Keep in mind that I’m targeting $3.3 M so that I only withdraw 4%/yr.

]]> Comment on Stock Market Crushed? by Andy http://ufinance.net/2007/06/08/stock-market-crushed/comment-page-1/#comment-524 Andy Sat, 09 Jun 2007 15:57:31 +0000 http://finance.webaplex.com/06/stock-market-crushed/#comment-524 The Primary Trend hasn't changed, yet -- but Bull's still running. Friday's bounce-back makes for a very interesting Monday. The Primary Trend hasn’t changed, yet — but Bull’s still running. Friday’s bounce-back makes for a very interesting Monday.

]]> Comment on Real Estate Taxes by internet make money selling http://ufinance.net/2006/10/19/real-estate-taxes/comment-page-1/#comment-86 internet make money selling Sun, 13 May 2007 07:15:05 +0000 http://finance.webaplex.com/10/real-estate-taxes/#comment-86 <strong>internet make money selling...</strong> I do think your right on the spot here, i am going to bookmark your site to see if other people have different views... internet make money selling…

I do think your right on the spot here, i am going to bookmark your site to see if other people have different views…

]]> Comment on Comparing College 529 Plan: Saving Up by Katie http://ufinance.net/2007/05/10/comparing-college-529-plan-saving-up/comment-page-1/#comment-510 Katie Fri, 11 May 2007 12:46:14 +0000 http://finance.webaplex.com/05/comparing-college-529-plan-saving-up/#comment-510 "And when the money is withdrawn it is taxed at the child’s income level. " This statement is incorrect. When money is withdrawn from a 529, if it is a Qualified Higher Education Expense, the withdrawal is tax-free. The withdrawal would only be taxed IF it is a non-qualified withdrawal. And then depending on how the money is withdrawn would determine whether it is taxable for the owner or for the beneficiary. “And when the money is withdrawn it is taxed at the child’s income level. ”

This statement is incorrect. When money is withdrawn from a 529, if it is a Qualified Higher Education Expense, the withdrawal is tax-free. The withdrawal would only be taxed IF it is a non-qualified withdrawal. And then depending on how the money is withdrawn would determine whether it is taxable for the owner or for the beneficiary.

]]> Comment on Dealing with Job Loss by Laura http://ufinance.net/2007/04/21/dealing-with-job-loss/comment-page-1/#comment-507 Laura Sun, 22 Apr 2007 14:27:40 +0000 http://finance.webaplex.com/04/dealing-with-job-loss/#comment-507 This is a health blog. Most people here have lost thier jobs due to health reasons!!!! This is a whole new ball game. They may have lost the ability to function in thier normal capacity, lost thier energy, been a victim to pain.Whatever your health issue is remember this-your crisis will reveal your character. What is your character going to be......Be strong, move ahead, find something better, something that fits your NEW life. Life will keep going and you can choose to make it better. : ) This is a health blog.
Most people here have lost thier jobs due to health reasons!!!! This is a whole new ball game. They may have lost the ability to function in thier normal capacity, lost thier energy, been a victim to pain.Whatever your health issue is remember this-your crisis will reveal your character. What is your character going to be……Be strong, move ahead, find something better, something that fits your NEW life. Life will keep going and you can choose to make it better. : )

]]> Comment on Free Cell Phone by Dave http://ufinance.net/2007/04/01/free-cell-phone/comment-page-1/#comment-356 Dave Tue, 10 Apr 2007 00:48:50 +0000 http://finance.webaplex.com/04/free-cell-phone/#comment-356 Keri and I have a shared plan. I got her a free phone when we changed plans. Also I will say check your work to see if they offer employee discounts for certain providers. I know mine does and it makes a huge difference. Keri and I have a shared plan. I got her a free phone when we changed plans. Also I will say check your work to see if they offer employee discounts for certain providers. I know mine does and it makes a huge difference.

]]> Comment on Free Cell Phone by elijah apermah http://ufinance.net/2007/04/01/free-cell-phone/comment-page-1/#comment-355 elijah apermah Sun, 08 Apr 2007 17:07:16 +0000 http://finance.webaplex.com/04/free-cell-phone/#comment-355 i'll like to get a free phone i’ll like to get a free phone

]]> Comment on Travel Complaint and Flight Problems? by BillyOceansEleven http://ufinance.net/2007/03/31/travel-complaint-and-flight-problems/comment-page-1/#comment-354 BillyOceansEleven Sun, 01 Apr 2007 05:50:02 +0000 http://finance.webaplex.com/03/travel-complaint-and-flight-problems/#comment-354 There was an interesting article in the WSJ about airline complaints and how most people find the responses they receive (if any) to be less than expected. I'm not sure there is much the airline can do in this instance. As a big guy myself (6'0", 250 lbs), I've had the unfortunate experience of being seated in a middle seat between two guys larger than me. It was even worse because neither guy would give up the armrest, so I spent the entire flight with my arms squished up in front of me. However, the airline is only selling you passage and doesn't make any guarantee that you will be comfortable. My question would be how did you end up with a middle seat if you booked six months in advance? At that point there should have been an aisle or window seat available you could have reserved. Maybe you wanted to be next to your friends, but that isn't worth being in a middle to me. When my wife and I travel, we have an understanding that we sit in the same row, she gets window, I get aisle, and some other poor bastard gets the middle seat in between. There was an interesting article in the WSJ about airline complaints and how most people find the responses they receive (if any) to be less than expected.

I’m not sure there is much the airline can do in this instance. As a big guy myself (6′0″, 250 lbs), I’ve had the unfortunate experience of being seated in a middle seat between two guys larger than me. It was even worse because neither guy would give up the armrest, so I spent the entire flight with my arms squished up in front of me. However, the airline is only selling you passage and doesn’t make any guarantee that you will be comfortable.

My question would be how did you end up with a middle seat if you booked six months in advance? At that point there should have been an aisle or window seat available you could have reserved. Maybe you wanted to be next to your friends, but that isn’t worth being in a middle to me. When my wife and I travel, we have an understanding that we sit in the same row, she gets window, I get aisle, and some other poor bastard gets the middle seat in between.

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