Recent content by jazz4cash

Good decision. Loaning money in this case is actually not helping in the long run IMO. There are other ways to help including just being a friend.

There is a product called HECM that is marketed as a reverse mortgage for purchase. I don’t understand it fully but apparently the equity comes from making a very large down payment

OP, is your friend an owner-operator (e.g. owns his own truck) or did he drive a company owned truck? I presume the latter due to the liability issue.

It’s called a loan but it’s really not since the assets are sold to generate funds for the loan. Could still be a tool for bridging a major purchase but the lost opportunity cost could be huge.

Of course there is. People that get in this deep do so by looking very near term and ignoring the big picture. That is why he thinks things will be OK if he could just scrape up $30k. OTOH this just got a whole lot easier. BK is designed for folks in your friend's situation. No shame in...

So the best way to keep movin is to keep movin.

I must’ve misread. It said losing long haul loads but I did not understand that to mean laid off. I did try to imply his weight could be part of the issue. I meant to imply his weight could be part if the problem but I guess I was too subtle.

“One man band” LOL. That’s a good description of the guy I met at the credit union. Next time the call goes to voicemail.

This has been my experience. There is a lot more to the story I feel. It’s a household with 3 adults. DW is a teacher with predumeably good job security snd a pension of some sort. There is a nationwide shortage of truck drivers so I think there is a specific issue with his situation that is...

I never realized how much MYGA rates vary based on state of residence. On Blueprint Income a 5yr rate of 6.3% is available in Nevada but next door in CA the max is 5.5.

I don’t have one but isn’t that how HSA’s work?

That’s what I keep thinking. It’ll be more costly for VG and their account holders if a lot of folks leave accounts open with tiny balances. I guess they could impose account minimums if they don’t have ‘em already.

It feels like the changes in fees are not as bad as they seem initially, BUT Vanguard has a way of communicating that is especially irritating. I agree their PR is terrible.

A state employee? I wonder how that works. Over the years I’ve sat in a few meetings with the CU’s investment folks. They generally had unusual commissioned products to pitch like market linked CDs. Many are retired Feds or military so that adds to the membership dynamic. A few months back...

I started using MYGAs to complement varous fixed income securities about 3 yrs ago. Blueprint Income, Stan Annuity Man, and immediateannuities.com are 3 websites with many resources for MYGA shoppers. Before I started using those sites I was drinking the ‘all annuities are bad’ flavored koolaid.