Author Topic: Mustachian People Problems (just for fun)  (Read 1783086 times)

Sibley

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Re: Mustachian People Problems (just for fun)
« Reply #4700 on: February 02, 2018, 02:36:32 PM »
So I thought my company was going to get a 401k in March. Nope. We're getting an HSA instead. I am probably the only person upset and probably the only one wanting to tax shelter more than $3400...

Better than nothing I guess...and I can still contribute to the 2017 HSA I would assume. Problem is that I already filed my taxes so now I have to do an amended return. ugh!

Job hunting is looking a lot sweeter now.

I would double check that HSA thing. As far as I know, you can't contribute after the end of the year.

Cherry Lane

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Re: Mustachian People Problems (just for fun)
« Reply #4701 on: February 02, 2018, 03:23:49 PM »
So I thought my company was going to get a 401k in March. Nope. We're getting an HSA instead. I am probably the only person upset and probably the only one wanting to tax shelter more than $3400...

Better than nothing I guess...and I can still contribute to the 2017 HSA I would assume. Problem is that I already filed my taxes so now I have to do an amended return. ugh!

Job hunting is looking a lot sweeter now.

I would double check that HSA thing. As far as I know, you can't contribute after the end of the year.

You can.  I just did so earlier this week.  On the HSA website they specifically asked which year I was contributing for. 

In this case, though, the thing to watch out for is if there's HSA eligibility for 2017.  I think it is odd phrasing that work just got an HSA, since HSA eligibility is dependent on the type of health plan (HDHP), not the employer.  Marielle needs to make sure her 2017 health plan was an HDHP.  More specifically, was she part of an HSA-eligible HDHP on 1 Dec 2017?  If not, then no retroactive contributions are allowed.  If marielle had a qualifying health plan on 1 December, but not for the whole year of 2017, she can contribute to an HSA for the whole year, but only if she maintains eligibility for an HSA for all of 2018.  If she had an HSA-eligible health plan for all of 2017, she can contribute up to the full amount with no requirement to maintain the plan through 2018.

More details are available in IRS Pub 969.

pdxmonkey

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Re: Mustachian People Problems (just for fun)
« Reply #4702 on: February 02, 2018, 07:06:42 PM »
The company likely also just got an HDHP, which means OP would not be eligible to contribute to 2017. And also not for 2018 unless OP changes to the new healthcare plan. Its hard to tell whats going on based on the limited information posted.

Dicey

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Re: Mustachian People Problems (just for fun)
« Reply #4703 on: February 02, 2018, 10:46:35 PM »
My MPP:

We have saved enough to buy our first house without additional loans, BUT now have to start saving all over again to FIRE. Break out the tiny violins, especially as saving will be faster with property than with the cheap house we rented. (Counting repayments of the principal as saving and only the interest part as an expense)
This makes no sense to me. What are you trying to say in the last sentence? Sounds like you might be shooting yourself in the foot. Where is @boarder42 when you need him...? Car42, where are you?

It makes sense. So if they were paying 2k to rent. And now pay 1500 to mortgage and 400 of that is principal. Previously the whole 2k was going out the door now they can say they are saving 900 more a month if you count house principal paydown as savings. That being said. Please don't party your mortgage down faster than the term bc investing will put you ahead of extra principal paydown

Thanks for your comments! As a first time home-owner and a novice to investing this is all very confusing. I'm sorry if I shared my confusion with you.
What I meant to say is that - like boarder42 said - I considered our rent to be money thrown out the window, whereas paying down the principal of our mortgage will be an accumulation of net worth. The interest of the mortgage is in my eyes money thrown at the bank. However, I have learned yesterday that it is better not to count property as part of the amount needed to FIRE, that it should only be (relatively) easily accessible funds. So you can basically ignore my previous post, sorry guys!

To further explain: I live in Europe and somehow I don't 'get' the 7% average on our investments. Maybe that is because I'm too conservative, and has nothing to do with geographical location and a difference in tax systems. Like I said, I'm a novice and I'm just finding out how much I don't know. Last year I managed 2.2% on my investments (ETFs and index funds) which is still way better than interest on savings. As our mortgage will have an interest rate of about 2.3% I'm finding it difficult to suppress the urge to throw all surplus money at the mortgage. My spreadsheet tells me that we will be paying the bank over 100k in interest and that makes me slightly nauseous.
The fact that you live in Europe changes everything. Lack of deductibility and shorter term mortgages are a whole different ballgame. I did not realize this when I commented. I hereby solemnly retract all input on this topic. I know nothing ;-)

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #4704 on: February 03, 2018, 02:10:12 AM »
I had to pay a small invoice and could not decide from which account I pay. It was not a "living expenses" and not a "luxury spending".
So I ended up using the third account that is only a by-product of an investing account but had a sub-100Ä left sitting there.

SquashingDebt

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Re: Mustachian People Problems (just for fun)
« Reply #4705 on: February 03, 2018, 05:53:43 AM »
I now have enough money in my 401k ($11k or so) that this dip in the stock market actually noticeably affected the balance. 

markbike528CBX

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Re: Mustachian People Problems (just for fun)
« Reply #4706 on: February 03, 2018, 06:05:10 AM »
I now have enough money in the stock market that this dip in the stock market actually is greater than my planned withdrawals for the remainder of the year.

Linda_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #4707 on: February 03, 2018, 07:54:57 AM »
I now have enough money in the stock market that this dip in the stock market actually is greater than my planned withdrawals for the remainder of the year.

DH still has quite a bit of cash on his bank account, waiting for a dip. (I know, stupid strategy, but he doesn't want to listen to me.) during the previous dip in September 2017 he didn't have access to his bank account for several weeks and could not buy stock. But I have asked him today to buy stock during the current dip.

LeRainDrop

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Re: Mustachian People Problems (just for fun)
« Reply #4708 on: February 03, 2018, 07:57:59 AM »
I now have enough money in the stock market that this dip in the stock market actually is greater than my planned withdrawals for the remainder of the year.

I had a feeling a week ago that I should have withdrawn enough for at least a few months.  Hindsight, bleh.

Goldielocks

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Re: Mustachian People Problems (just for fun)
« Reply #4709 on: February 03, 2018, 09:50:08 AM »
My MPP:

We have saved enough to buy our first house without additional loans, BUT now have to start saving all over again to FIRE. Break out the tiny violins, especially as saving will be faster with property than with the cheap house we rented. (Counting repayments of the principal as saving and only the interest part as an expense)
This makes no sense to me. What are you trying to say in the last sentence? Sounds like you might be shooting yourself in the foot. Where is @boarder42 when you need him...? Car42, where are you?

It makes sense. So if they were paying 2k to rent. And now pay 1500 to mortgage and 400 of that is principal. Previously the whole 2k was going out the door now they can say they are saving 900 more a month if you count house principal paydown as savings. That being said. Please don't party your mortgage down faster than the term bc investing will put you ahead of extra principal paydown

Thanks for your comments! As a first time home-owner and a novice to investing this is all very confusing. I'm sorry if I shared my confusion with you.
What I meant to say is that - like boarder42 said - I considered our rent to be money thrown out the window, whereas paying down the principal of our mortgage will be an accumulation of net worth. The interest of the mortgage is in my eyes money thrown at the bank. However, I have learned yesterday that it is better not to count property as part of the amount needed to FIRE, that it should only be (relatively) easily accessible funds. So you can basically ignore my previous post, sorry guys!

To further explain: I live in Europe and somehow I don't 'get' the 7% average on our investments. Maybe that is because I'm too conservative, and has nothing to do with geographical location and a difference in tax systems. Like I said, I'm a novice and I'm just finding out how much I don't know. Last year I managed 2.2% on my investments (ETFs and index funds) which is still way better than interest on savings. As our mortgage will have an interest rate of about 2.3% I'm finding it difficult to suppress the urge to throw all surplus money at the mortgage. My spreadsheet tells me that we will be paying the bank over 100k in interest and that makes me slightly nauseous.
The fact that you live in Europe changes everything. Lack of deductibility and shorter term mortgages are a whole different ballgame. I did not realize this when I commented. I hereby solemnly retract all input on this topic. I know nothing ;-)
IDK.   I live with short term (5 year) mortgages, and a lack of deductability, and it is still not a huge difference in the decision process.   First, because in high cost areas in the USA, the property taxes (or not itemizing) completely chews up any deductability savings.  I mean, $10k for property taxes for an "average / small" family home?   

The 5 year terms only impacts you if your income significantly changes during the term (one person loses a job, for example).   But 5 years also means very little upfront fees when you renew, instead, you get penalties if you break before the 5 years is up (here).  Therefore the key pressure is to create a non-registered account to grow your money, that you can use to pay off your mortgage eventually, if needed.

Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #4710 on: February 03, 2018, 10:12:14 AM »
MPP: I have a very low-interest loan at 0.9% that will be paid off this year. For the last 6 months, every time I see the balance I'm like "I should just pay that off and save on the interest!", and every single time I have to remind myself that I'm earning more in my savings account than I'm paying.

I've probably had this internal debate a dozen times. So much thought power wasted!

I lost this debate with myself with never taking out any student loans (interest rate is 0.1% or so). In the early days of my studies the interest on savings account was still 2% so I could've made quite a few bucks taking out some student loans and leaving it in a savings account for 5+ years. My brother is still a student but somehow we're so debt-averse that he doesn't take out any loans either.

BeautifulDay

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Re: Mustachian People Problems (just for fun)
« Reply #4711 on: February 03, 2018, 10:23:46 AM »
I hate having to wait until mid-February to receive my Vanguard brokerage account tax forms.  I just want to finish my tax returns and be done with them already!
+1

RWD

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Re: Mustachian People Problems (just for fun)
« Reply #4712 on: February 03, 2018, 11:42:38 AM »
I now have enough money in my 401k ($11k or so) that this dip in the stock market actually noticeably affected the balance.
I now have enough money in the stock market that this dip in the stock market actually is greater than my planned withdrawals for the remainder of the year.

We are somewhere in between you two. The stock market dip was equivalent to a whole month of our contributions.

shelivesthedream

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Re: Mustachian People Problems (just for fun)
« Reply #4713 on: February 03, 2018, 11:44:27 AM »
MPP: I have a very low-interest loan at 0.9% that will be paid off this year. For the last 6 months, every time I see the balance I'm like "I should just pay that off and save on the interest!", and every single time I have to remind myself that I'm earning more in my savings account than I'm paying.

I've probably had this internal debate a dozen times. So much thought power wasted!

I lost this debate with myself with never taking out any student loans (interest rate is 0.1% or so). In the early days of my studies the interest on savings account was still 2% so I could've made quite a few bucks taking out some student loans and leaving it in a savings account for 5+ years. My brother is still a student but somehow we're so debt-averse that he doesn't take out any loans either.

This was suggested to me when I started university - that I take out the maximum in (UK government) loans and put it in a bank account to make some money then pay it all off. I did take out loans for tuition fees but not for maintenance. I understood the maths but could not get over the emotional hump of SO MUCH DEBT, even with enough cash around to pay it off.

Miss Piggy

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Re: Mustachian People Problems (just for fun)
« Reply #4714 on: February 03, 2018, 12:07:31 PM »
$#@%!!!

I just found out I over-contributed to my 401(k)s for 2017 by over $1,300. Left one job mid-year and started another, and my calculation was off (because I assumed two paychecks/month rather than a paycheck every two weeks, among other things). 

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #4715 on: February 03, 2018, 03:09:17 PM »
MPP: I have a very low-interest loan at 0.9% that will be paid off this year. For the last 6 months, every time I see the balance I'm like "I should just pay that off and save on the interest!", and every single time I have to remind myself that I'm earning more in my savings account than I'm paying.

I've probably had this internal debate a dozen times. So much thought power wasted!

I lost this debate with myself with never taking out any student loans (interest rate is 0.1% or so). In the early days of my studies the interest on savings account was still 2% so I could've made quite a few bucks taking out some student loans and leaving it in a savings account for 5+ years. My brother is still a student but somehow we're so debt-averse that he doesn't take out any loans either.

Same for me. I was advised that it was a bad idea in case you wanted a mortgage after your studies, but 1. if you put the money in a savings account you can pay off the entire loan at once if it's necessary and 2. no one ever asked me if I had any student debt when I applied for a mortgage, and it's not registered anywhere.

secondcor521

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Re: Mustachian People Problems (just for fun)
« Reply #4716 on: February 03, 2018, 05:09:05 PM »
Same for me. I was advised that it was a bad idea in case you wanted a mortgage after your studies, but 1. if you put the money in a savings account you can pay off the entire loan at once if it's necessary and 2. no one ever asked me if I had any student debt when I applied for a mortgage, and it's not registered anywhere.

My student loans showed up on my credit report, but I live in the US.  May be (probably is?) different in Europe.

Freedomin5

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Re: Mustachian People Problems (just for fun)
« Reply #4717 on: February 04, 2018, 12:26:15 AM »
When we were less Mustachian and less financially solid, we had a really good reason for turning down interesting volunteer opportunities - namely, we had to work full-time and so could not take off for a month or two at a time to work on worthwhile projects on the other side of the world. Also, I had to limit my employment choices to well-paying gigs.

Now that we no longer have that as a valid reason, Iím getting stressed because there are So Many worthwhile and fascinating projects out there! Train people in rural China? Yes! Create an evaluation programme in Cambodia? Sure! Work with orphans in Myanmar? Why not? Too many choices and needs! Not enough time! 😝

Imma

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Re: Mustachian People Problems (just for fun)
« Reply #4718 on: February 04, 2018, 03:30:27 AM »
Same for me. I was advised that it was a bad idea in case you wanted a mortgage after your studies, but 1. if you put the money in a savings account you can pay off the entire loan at once if it's necessary and 2. no one ever asked me if I had any student debt when I applied for a mortgage, and it's not registered anywhere.

My student loans showed up on my credit report, but I live in the US.  May be (probably is?) different in Europe.

It's different in my country, but I'm sure it will happen some time in the future. We used to get grants from the government instead of a loan. When they changed the law to abolish the grants, the government promised the loans would not show up on credit reports so they would not have an impact on your future ability to take out a mortgage. Fast forward a few years and mortgage lenders aren't too happy with that. They are putting pressure on the government to change it. Many lenders now ask you to sign statements confirming you don't have student loans you didn't declare to them.   

Anon in Alaska

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Re: Mustachian People Problems (just for fun)
« Reply #4719 on: February 04, 2018, 04:01:57 AM »
I now have enough money in the stock market that this dip in the stock market actually is greater than my income for the month.

Miss Piggy

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Re: Mustachian People Problems (just for fun)
« Reply #4720 on: February 04, 2018, 07:28:02 AM »
Now that we no longer have that as a valid reason, Iím getting stressed because there are So Many worthwhile and fascinating projects out there! Train people in rural China? Yes! Create an evaluation programme in Cambodia? Sure! Work with orphans in Myanmar? Why not? Too many choices and needs! Not enough time! 😝

I would be inclined to pick two types of volunteer projects:
1. Those that help animals long-term (such as cleaning up the oceans)
2. Those that "teach people how to fish" rather than doing everything for them, then leaving

Good problem to have!

Hirondelle

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Re: Mustachian People Problems (just for fun)
« Reply #4721 on: February 04, 2018, 07:57:20 AM »
Now that we no longer have that as a valid reason, Iím getting stressed because there are So Many worthwhile and fascinating projects out there! Train people in rural China? Yes! Create an evaluation programme in Cambodia? Sure! Work with orphans in Myanmar? Why not? Too many choices and needs! Not enough time! 😝

I would be inclined to pick two types of volunteer projects:
1. Those that help animals long-term (such as cleaning up the oceans)
2. Those that "teach people how to fish" rather than doing everything for them, then leaving

Good problem to have!

Be very very very carful with orphanages. Many of the kids there aren't orphans and should be home with their parents. I totally agree with Miss Piggy's suggestions. Other good ones IMO are skilled projects. Good with carpentry? Go build something. Teacher at home? Go teach elsewhere (but preferably only if you can stay longer and not with very young kids), nurse or another medical profession? Plenty of people to train that would love to get more skilled. Sustainable farming is also a worthwhile one.

Bicycle_B

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Re: Mustachian People Problems (just for fun)
« Reply #4722 on: February 04, 2018, 12:28:24 PM »
My 12 yr old daughter was doing some math problems online just now (ALEKS).  There were some word problems regarding budgeting, to teach finding a percentage.  In one problem, a man made $65000 a year, and spent $7150 on clothing, according to his pie chart budget, but only $4500 on savings.  She had to calculate his savings rate.  She just couldn't believe this dude would spend more on clothing than savings!  "He's stupid!"

Great story, PepperPotts.  And obviously your daughter inherited your own peppery attitude! Well done.

zolotiyeruki

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Re: Mustachian People Problems (just for fun)
« Reply #4723 on: February 04, 2018, 01:50:12 PM »
I now have enough money in the stock market that this dip in the stock market actually is greater than my income for the month.
I don't know if I qualify as a SWAMI, but I *do* know that I'm about 15 years from FIRE at my current rate, so I pay little attention on a daily/weekly/monthly basis to what the market is doing.  Down 2%?  Meh, who cares, I'm still in the accumulation phase! :)

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #4724 on: February 05, 2018, 03:23:08 AM »
I now have enough money in the stock market that this dip in the stock market actually is greater than my income for the month.
I don't know if I qualify as a SWAMI, but I *do* know that I'm about 15 years from FIRE at my current rate, so I pay little attention on a daily/weekly/monthly basis to what the market is doing.  Down 2%?  Meh, who cares, I'm still in the accumulation phase! :)
And if you still feel under pressure, just look at the crypto markets. Down 50%? Ah, that happens every year once or twice.

marielle

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Re: Mustachian People Problems (just for fun)
« Reply #4725 on: February 05, 2018, 07:06:22 AM »
So I thought my company was going to get a 401k in March. Nope. We're getting an HSA instead. I am probably the only person upset and probably the only one wanting to tax shelter more than $3400...

Better than nothing I guess...and I can still contribute to the 2017 HSA I would assume. Problem is that I already filed my taxes so now I have to do an amended return. ugh!

Job hunting is looking a lot sweeter now.

I would double check that HSA thing. As far as I know, you can't contribute after the end of the year.

You can.  I just did so earlier this week.  On the HSA website they specifically asked which year I was contributing for. 

In this case, though, the thing to watch out for is if there's HSA eligibility for 2017.  I think it is odd phrasing that work just got an HSA, since HSA eligibility is dependent on the type of health plan (HDHP), not the employer.  Marielle needs to make sure her 2017 health plan was an HDHP.  More specifically, was she part of an HSA-eligible HDHP on 1 Dec 2017?  If not, then no retroactive contributions are allowed.  If marielle had a qualifying health plan on 1 December, but not for the whole year of 2017, she can contribute to an HSA for the whole year, but only if she maintains eligibility for an HSA for all of 2018.  If she had an HSA-eligible health plan for all of 2017, she can contribute up to the full amount with no requirement to maintain the plan through 2018.

More details are available in IRS Pub 969.

I don't believe our healthcare plan is changing. My deductible is $3000 as a single person (but $2000 of which is reimbursable by the company) so that is a HDHP correct?

It's a relatively new company so it makes sense that they could have had an HSA last year but chose not to bother with it. Same reason we're not getting a 401k.

Sibley

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Re: Mustachian People Problems (just for fun)
« Reply #4726 on: February 05, 2018, 07:26:42 AM »
So I thought my company was going to get a 401k in March. Nope. We're getting an HSA instead. I am probably the only person upset and probably the only one wanting to tax shelter more than $3400...

Better than nothing I guess...and I can still contribute to the 2017 HSA I would assume. Problem is that I already filed my taxes so now I have to do an amended return. ugh!

Job hunting is looking a lot sweeter now.

I would double check that HSA thing. As far as I know, you can't contribute after the end of the year.

You can.  I just did so earlier this week.  On the HSA website they specifically asked which year I was contributing for. 

In this case, though, the thing to watch out for is if there's HSA eligibility for 2017.  I think it is odd phrasing that work just got an HSA, since HSA eligibility is dependent on the type of health plan (HDHP), not the employer.  Marielle needs to make sure her 2017 health plan was an HDHP.  More specifically, was she part of an HSA-eligible HDHP on 1 Dec 2017?  If not, then no retroactive contributions are allowed.  If marielle had a qualifying health plan on 1 December, but not for the whole year of 2017, she can contribute to an HSA for the whole year, but only if she maintains eligibility for an HSA for all of 2018.  If she had an HSA-eligible health plan for all of 2017, she can contribute up to the full amount with no requirement to maintain the plan through 2018.

More details are available in IRS Pub 969.

I don't believe our healthcare plan is changing. My deductible is $3000 as a single person (but $2000 of which is reimbursable by the company) so that is a HDHP correct?

It's a relatively new company so it makes sense that they could have had an HSA last year but chose not to bother with it. Same reason we're not getting a 401k.

It'll specifically say that it's a HDHP. You can ask HR or whoever handles benefits if you're not sure.

DTaggart

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Re: Mustachian People Problems (just for fun)
« Reply #4727 on: February 05, 2018, 03:00:41 PM »
Now that I'm FIREd I can go hiking on weekdays, but then I have to deal with commute traffic getting to the trail head.

ScreamingHeadGuy

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Re: Mustachian People Problems (just for fun)
« Reply #4728 on: February 05, 2018, 05:04:06 PM »
I hate having to wait until mid-February to receive my Vanguard brokerage account tax forms.  I just want to finish my tax returns and be done with them already!

I feel your pain.

BudgetSlasher

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Re: Mustachian People Problems (just for fun)
« Reply #4729 on: February 05, 2018, 08:23:58 PM »
I hate having to wait until mid-February to receive my Vanguard brokerage account tax forms.  I just want to finish my tax returns and be done with them already!

I feel your pain.

I just got a mailing that I hoped was tax paperwork, not it was based on the types of inventments in your accounts we estimate that you will have you tax documents by mid-March.

Linda_Norway

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Re: Mustachian People Problems (just for fun)
« Reply #4730 on: February 06, 2018, 01:06:10 AM »
First problem: Today I got up at a quarter to 5 in the morning and decided to eat an extra slice of bread, compared to the normal 1 slice. Later at work, just now, I got hungry and wanted to start nibbling of my lunch. But I couldn't find my lunch in my large handbag. Searched carefully, but it was not there. First conclusion was that my lunch must be laying smeared at home. But then I realized that I hadn't even smeared my sandwiches at all.

Second problem: I was still hungry, so I decided to buy something at the cafeteria at work. My cafeteria cash card had very little money on it, so I tried to load it up. I pressed "Load card" typed in kr. 100 (8-ish dollars). Then I put my card in the payment terminal, but nothing happened. No personal was to be seen. So I try again the "load card" function and type kr. 100. Then I see on the screen that there are 2 transactions waiting for me to load kr. 100 into the card. As I seldom use the card, this is too much. But I don't see a way to remove the transaction. Still no personnel to be seen. Then comes a new customer behind me, trying to figure out whether I am done. I explain to him that I don't know how to load up my card. He suggests using the "bank" button, which worked. Of course, everybody else uses their card all the time and knows the routine. I am one of the very few lunch-from-home eaters, who are not familiar with the routine.

Third problem: Then I had finally loaded my card with enough money for the whole of 2018. I picked the item I wanted to eat. But of course, this item didn't have a price. I also haven't got a clue how to register this item on the machine, as the screen only shows "breakfast, lunch, dinner", etc. Still no personnel to be seen. Then I decided to write my name and the article in the bloc note where people are supposed to register for dinner, on a separate skipped page. Then I went to my place and ate the item. I rely on that there will be personnel there during lunch so that I can make up for my purchase. And I hope I will succeed in buying lunch all by myself.

LennStar

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Re: Mustachian People Problems (just for fun)
« Reply #4731 on: February 06, 2018, 09:09:03 AM »
At least you tried to bought lunch, not snow balls.



https://boingboing.net/2018/02/06/there-are-snowballs-for-sale-i.html

dougules

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Re: Mustachian People Problems (just for fun)
« Reply #4732 on: February 06, 2018, 10:57:34 AM »
At least you tried to bought lunch, not snow balls.



https://boingboing.net/2018/02/06/there-are-snowballs-for-sale-i.html

I need to franchise that here.  I'd make a killing. 

dougules

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Re: Mustachian People Problems (just for fun)
« Reply #4733 on: February 06, 2018, 10:59:34 AM »
Now that I'm FIREd I can go hiking on weekdays, but then I have to deal with commute traffic getting to the trail head.

It sounds like the root problem is that you're getting up as early as all the commuters. 

Just Joe

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Re: Mustachian People Problems (just for fun)
« Reply #4734 on: February 06, 2018, 03:31:11 PM »
At least you tried to bought lunch, not snow balls.



https://boingboing.net/2018/02/06/there-are-snowballs-for-sale-i.html

I need to franchise that here.  I'd make a killing.

I checked. That snowball machine is sitting on a corner in Wisconsin...

FireHiker

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Re: Mustachian People Problems (just for fun)
« Reply #4735 on: February 06, 2018, 05:53:48 PM »
Now that I'm FIREd I can go hiking on weekdays, but then I have to deal with commute traffic getting to the trail head.

Congratulations!!!

My MPP today: Went to Costco and wanted to use the credit card reward to pay for our shopping, but the checker was lazy (end of shift two people after us in line) and wouldn't do it and sent us off to customer service to get it cashed, so I paid with a credit card. The customer service guy confirmed that I should have been able to pay for my purchase using the reward. Now I am stuck with a bunch of cash. Our bank is USAA so it's not convenient to deposit it in the bank. I put everything on a travel rewards card (except our Costco and gas purchases); it's going to take me months to spend all the cash.

dragoncar

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Re: Mustachian People Problems (just for fun)
« Reply #4736 on: February 06, 2018, 10:55:40 PM »
Now that I'm FIREd I can go hiking on weekdays, but then I have to deal with commute traffic getting to the trail head.

Congratulations!!!

My MPP today: Went to Costco and wanted to use the credit card reward to pay for our shopping, but the checker was lazy (end of shift two people after us in line) and wouldn't do it and sent us off to customer service to get it cashed, so I paid with a credit card. The customer service guy confirmed that I should have been able to pay for my purchase using the reward. Now I am stuck with a bunch of cash. Our bank is USAA so it's not convenient to deposit it in the bank. I put everything on a travel rewards card (except our Costco and gas purchases); it's going to take me months to spend all the cash.

But on the plus side you got more rewards by using the credit card

frugalnacho

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Re: Mustachian People Problems (just for fun)
« Reply #4737 on: February 07, 2018, 09:36:18 AM »
Now that I'm FIREd I can go hiking on weekdays, but then I have to deal with commute traffic getting to the trail head.

Congratulations!!!

My MPP today: Went to Costco and wanted to use the credit card reward to pay for our shopping, but the checker was lazy (end of shift two people after us in line) and wouldn't do it and sent us off to customer service to get it cashed, so I paid with a credit card. The customer service guy confirmed that I should have been able to pay for my purchase using the reward. Now I am stuck with a bunch of cash. Our bank is USAA so it's not convenient to deposit it in the bank. I put everything on a travel rewards card (except our Costco and gas purchases); it's going to take me months to spend all the cash.

Agree with dragoncar.  I cash my rewards check then pay with credit card to get more cashback.  I always deposit cash into my bank, and never spend cash if I have the option to use credit cards.  You can make cash deposits at ATM locations for USAA.  Minor pain in the ass, but not more so than physically going to the bank to deposit cash.

MaybeBabyMustache

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Re: Mustachian People Problems (just for fun)
« Reply #4738 on: February 07, 2018, 10:41:43 AM »
Was supposed to max my 401K in January with my bonus. Unfortunately, there was a screwup (my fault) & I did 1% instead of 100%. Which means. . . I barely put anything in said 401K. I quickly edited my options for the next few paychecks & went all in to 100%. It takes a few weeks to take effect, which means the first one is my Friday paycheck. So. . .timed the market well unintentionally & am getting a bit of a sale on stock. Bright side?

PhilB

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Re: Mustachian People Problems (just for fun)
« Reply #4739 on: February 07, 2018, 02:46:14 PM »
I gift an amount to my kids' school every month by direct debit.  Under UK tax rules, they can reclaim 25% of what I give from the tax man and so can I.  I'm FIREing later this year though, and will have a couple of years with no taxable income (school gets no tax relief) and then I will be on a lower tax rate permanently (I get no tax relief).
I have just emailed the school and asked them to cancel my direct debit and I'll make a one-off contribution of everything I would have given over the next 6 years whilst it's still tax efficient for everyone.
My MPP is that the monthly payment has been featuring in 'other spending' in my spreadsheet for a while.  If I suddenly put 72 months worth in in one go my numbers will look screwy, but I don't want to go back and unpick it to a new category either.  Decisions, decisions.  On the plus side, I finally have an MPP :o)

Taran Wanderer

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Re: Mustachian People Problems (just for fun)
« Reply #4740 on: February 08, 2018, 07:49:03 PM »
The stock market is tanking, and all I can think of is, yay, stocks are on sale.

Dollar Slice

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Re: Mustachian People Problems (just for fun)
« Reply #4741 on: February 08, 2018, 09:33:56 PM »
The stock market is tanking, and all I can think of is, yay, stocks are on sale.

My MPP is that I need to rebalance and it's only 2.5 months after the last time I rebalanced...

Luckyvik

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Re: Mustachian People Problems (just for fun)
« Reply #4742 on: February 09, 2018, 04:07:27 AM »
My MPP is that I only want to do the types of projects at work I find enjoyable and I really struggle to get done the types that I don’t enjoy.


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jlcnuke

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Re: Mustachian People Problems (just for fun)
« Reply #4743 on: February 09, 2018, 06:58:49 AM »
The stock market is tanking, and all I can think of is, yay, stocks are on sale.

I'm thinking "keep dropping baby, daddy wants a fire sale!".... and I'm not very mustachian overall..

Bracken_Joy

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Re: Mustachian People Problems (just for fun)
« Reply #4744 on: February 09, 2018, 09:01:48 AM »
My company is switching 401k plans. I was excited at first! I can go from putting 80% of my paycheck in to 100%! But then... it started only sending like $5 to the 401k, and nearly $500 is coming to me each week?? Y tho? So now I'm missing out on that sweet, sweet stock sale, while my company tries to figure out what the hell is going on. And it's no one's priority, since the rest of the roll over is higher priority. Ughhh.

Bicycle_B

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Re: Mustachian People Problems (just for fun)
« Reply #4745 on: February 09, 2018, 02:12:44 PM »
I gift an amount to my kids' school every month by direct debit.  Under UK tax rules, they can reclaim 25% of what I give from the tax man and so can I.  I'm FIREing later this year though, and will have a couple of years with no taxable income (school gets no tax relief) and then I will be on a lower tax rate permanently (I get no tax relief).
I have just emailed the school and asked them to cancel my direct debit and I'll make a one-off contribution of everything I would have given over the next 6 years whilst it's still tax efficient for everyone.
My MPP is that the monthly payment has been featuring in 'other spending' in my spreadsheet for a while.  If I suddenly put 72 months worth in in one go my numbers will look screwy, but I don't want to go back and unpick it to a new category either.  Decisions, decisions.  On the plus side, I finally have an MPP :o)

Congratulations, PhilB!

Zaga

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Re: Mustachian People Problems (just for fun)
« Reply #4746 on: February 10, 2018, 07:23:20 AM »
My company is switching 401k plans. I was excited at first! I can go from putting 80% of my paycheck in to 100%! But then... it started only sending like $5 to the 401k, and nearly $500 is coming to me each week?? Y tho? So now I'm missing out on that sweet, sweet stock sale, while my company tries to figure out what the hell is going on. And it's no one's priority, since the rest of the roll over is higher priority. Ughhh.
Oh man I'd be so mad!

DH just started a new job Jan 2, he gets paid once a month on the last day of the month.  He did sign up for the 401-K, I confirmed it on the website, but nothing came out of his first check and i have no idea why!

Sibley

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Re: Mustachian People Problems (just for fun)
« Reply #4747 on: February 11, 2018, 01:02:25 PM »
My company is switching 401k plans. I was excited at first! I can go from putting 80% of my paycheck in to 100%! But then... it started only sending like $5 to the 401k, and nearly $500 is coming to me each week?? Y tho? So now I'm missing out on that sweet, sweet stock sale, while my company tries to figure out what the hell is going on. And it's no one's priority, since the rest of the roll over is higher priority. Ughhh.
Oh man I'd be so mad!

DH just started a new job Jan 2, he gets paid once a month on the last day of the month.  He did sign up for the 401-K, I confirmed it on the website, but nothing came out of his first check and i have no idea why!

It usually takes 1-2 pay periods to get everything setup.

Aegishjalmur

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Re: Mustachian People Problems (just for fun)
« Reply #4748 on: February 11, 2018, 01:18:11 PM »
My mpp for today- DW and I are cooking and I am looking at the scraps from the veggies and meat trimming that I have to compost or toss as we are downsizing for travel and I can't save them to make stock.


Damn you auto correct- mpp became mom...
« Last Edit: February 11, 2018, 01:52:12 PM by Aegishjalmur »

Bracken_Joy

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Re: Mustachian People Problems (just for fun)
« Reply #4749 on: February 11, 2018, 01:22:14 PM »
My company is switching 401k plans. I was excited at first! I can go from putting 80% of my paycheck in to 100%! But then... it started only sending like $5 to the 401k, and nearly $500 is coming to me each week?? Y tho? So now I'm missing out on that sweet, sweet stock sale, while my company tries to figure out what the hell is going on. And it's no one's priority, since the rest of the roll over is higher priority. Ughhh.
Oh man I'd be so mad!

DH just started a new job Jan 2, he gets paid once a month on the last day of the month.  He did sign up for the 401-K, I confirmed it on the website, but nothing came out of his first check and i have no idea why!

It usually takes 1-2 pay periods to get everything setup.

Yeah it's been more than that =( And I went and confirmed- by the date on the website, it should have fixed weeks ago. I get paid weekly, so 1-2 paychecks is fast for me, and *is* what the 401k says to expect. Plus I never set it low, so there's no reason it should have moved to the 1% or whatever it's at right now. I went from 80%, to 100% (which made it 1%), back to 80% (where it has stayed 1%). NFC why, I have a support ticket open so hopefully I'll hear more Monday?