Recent content by Legally_dead

Is the other player being prosecuted? Bond conditions ought to require that she stay away and have no contact. And a likely condition of probation, deferred prosecution agreement etc. would be for her to stay away and have no contact. That doesn’t answer your question but seems to accomplish...

$136,000 in 529s that will go towards college for two kids, currently ages 2 and 4. We also contribute an additional $200 per month.

Update: The family business situation could not have gotten nastier. I refused on many occasions to make a capital contribution. Instead, I proposed many solutions, including me providing all of the needed cash flow with a guarantee that paying me back had priority over all other expenses...

Walt34--Not a typo, but it has to be 7% of pay. I can't contribute less and I can't contribute more. I would love to be able to do more.

Gayl--No, I believe I still get SS as my employer withholds FICA taxes. Another detail I left out about the 403b is that it has a guaranteed 7% interest on contributions.

My government give has a 403(b) plan where 7% of my pay is automatically invested in the plan. After 8 years (6.5 to go), my employer matches the account by 200%. My gig also offers a 457b def comp plan, but I do not participate. There is no match. Any suggestions on how to decide...

Because weddings are out of hand, I follow this rule of thumb: I don't attend the wedding if I have never met the bride or groom or if I have not talked to either in over 12 months.

My wife's best friend sent out save the dates for a wedding in Mexico. She also connected all her friends and family with a travel agent for travel plans. Then she visited the resort for the first time and decided she didn't like it. She changed the location to the states. We lost a $300...

The family biz generated about $600 this month. Bro and Sis continue to draw their weekly salary, $1000 and $700, respectively. I proposed one of them take the rest of the month off as an unpaid vacation. My brother's response: "That's illogical and ludicrous. If it were a good idea we would...

@Barnfellow--It's a lose lose proposition for me. If they fail (as predicted), they have essentially squandered what would have been my inheritance. If they some how pull out of this tailspin, then I'm stuck in a business with them. My brother is also desperately trying to use the current...

Update: After nearly two years of operating, my sibs finally put together a budget and projected revenue for 2018. Our LLC currently has about 64k in cash. If they do not get any new business, we will run out of money by mid-April. Projected to lose $90k on the year. They are trying to make me...

At age 33, still a lot of at bats left. But so far, my home runs are same house, same spouse, same car.

The guaranteed payments to my siblings (which we considered their salary) was spelled out in the operating agreement per a formula. It started out at 137k/year and went up or down (max of 8%) based on whether gross profit went up or down. The first year they grew gross profit by 6%. The bait...

As I see it, there are only two things I could have done differently. The first is be more persuasive with my sibs on getting them to take action (such as hire a manager, etc). But with only a 1/3 vote my hands were tied. They were not receptive to any idea I had and took personal offense. For...

29 (now 32) - Long Way to Go, But Digging In Congrats on the progress and reaching your NW goal ahead of schedule. Other than the vacation, what keeps your DW working rather than pulling the trigger to be a SAHM?