kbc87
kbc87 t1_jef229z wrote
Reply to dependent care FSA - good idea? by c_g201022
Unless you're paying a nanny under the table to take care of your kid, in which you CAN'T use those funds... do it. It's a good way to pay $5k of daycare without paying taxes on those dollars.
For mine, I have to submit invoices and get reimbursed as the money hits the account each paycheck. I usually wait until I have enough to cover 1 month before submitting. My company uses BASIC and it is super easy and fast. You have until I think March of the following year to submit receipts from the previous year to reimburse.
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Just remember unused funds will NOT roll over.. so if you are due late this year and won't hit $5k, don't contribute that much.
kbc87 t1_jeee15j wrote
Reply to comment by kaiser1025 in Bought an 07 Scion, already had plate. Totalled on highway 8 days later; at-fault, no health ins. Basic auto ins. No emergency fund. Commute is 60mins by car. 51 of 53 miles are highway by [deleted]
Health insurance. Any lurkers here please note this. GET HEALTH INSURANCE. You may think you’re in perfect health but you never can predict an accident like this. A week long hospital stay is NOT going to be cheap.
kbc87 t1_jebbvm5 wrote
Reply to Positive equity on my vehicle - Dealer wants to buyback and put me in a newer modelm but I'm tossed. by CarbonPrinted
It's not the WORST deal but the part you are missing is that while it's equal to your current payments, you're also extending your loan to 5 years compared to whatever it is now. Make sure you consider that extra money when thinking about it.
kbc87 t1_jadzlt3 wrote
Question 1 which is not even financial : Do you want to take on the responsibilities of being a landlord while also having a newborn?
kbc87 t1_j6iq8iz wrote
Reply to comment by wickedkittylitter in How to leave house to fiancé in the event I die before we marry? by [deleted]
Hence I said they may make her refinance..
kbc87 t1_j6ic1r5 wrote
Reply to comment by NotYourDude in How to leave house to fiancé in the event I die before we marry? by [deleted]
Either your estate will have to pay off the mortgage or she will need to keep making the payments on it. But yes she can get the loan transferred to her. They may make her refinance it, but it can and would be done in that case.
kbc87 t1_j6iawix wrote
You can create a will that says she gets the house or you can add her to the title.. She doesn't need to go on the mortgage.
kbc87 t1_iyd6hfh wrote
Reply to How much % should I contribute to my non-taxable accounts to save for a downpayment? by badboyzpwns
Save as much as possible but you need to focus more on getting your income up to afford a $500k condo.
kbc87 t1_iy4fek3 wrote
Reply to Can I use IRA conversion (from traditional to Roth) to fill gap in income for mortgage lenders? by FineMoss
Focus more on the paystub than your tax return.. but yes they look at both and they would see that income and know its not from your paystub.. so they may ask where it came from... they're not just going to take a tax return as your salary.
I'd guess you won't have issues if you have your CURRENT paystub that goes back at least a few months.
kbc87 t1_jefd5dk wrote
Reply to Should we purchase a house? by tutmencrut
Do you want to be a landlord or would you rather just invest that money elsewhere?
Guessing you mean buy a house and rent that house out? I doubt your work would let you rent out a house they are providing you.