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Senf posted:That last part is honestly the best idea he's ever had.
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May 26, 2016 02:11
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https://www.reddit.com/r/personalfinance/comments/4kzdtl/big_age_differences_in_marriage_and_how_that_pans/quote:I am 36 years old and my husband is 54. We have been married 8 years and have no kids, and will never have kids. Its starting to bother me how when I am 50, he will be 68. He is a contractor but doesn't have a retirement account or health insurance. I have a federal job and I pay 5% in the tsp and I have 64k in there. Is that a good start? My husband may get retirement from his European country of origin (i am from us, and we live in the US). He has no other family. He is pretty healthy overall, but am just wondering how all the pans out later. For example, when I am 67, he wil be 85. Also, I only have Associates degree and my job pays only 39k but good benefits. Is it worth it at my age to go back to college for a business degree? It would not be an Ivy League school. As of now, the only debt we have is his sports car, but we are also renting as he doesn't want to buy a house. Thanks for any feedback. quote:Yes, he's paying off his sport's car (about 15,000 to go). That is our only debt. We do taxes every year, but he does not contribute to Social Security/Medicare since he's been in this country (permanent resident since 2006). He is on my health insurance plan, and he makes about 60K/year. But we don't seem to be saving up much, but we do have 68K in the TSP. Yes, i do want to stay in gov't and will look into moving up if I can. quote:I would love to do that, for his sake, and that is a great idea. I just don't think he will ever get rid of the boat. That is his main enjoyment. It's not something that just sits around. He loves taking care of it and going on the lake in various places. It costs alot of money (maintenance/gas/permits) but he would truly be lost without it LOL You're right, I cannot afford him haha. I will mention it, as he gets older he may change his mind. He did once state that his sportscar IS his retirement.
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May 26, 2016 12:37
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Storkrasch posted:https://www.reddit.com/r/personalfinance/comments/4kzdtl/big_age_differences_in_marriage_and_how_that_pans/ So he's planning to die in a high-speed collision at age 65 and leave her the life insurance money I guess? 
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May 26, 2016 12:44
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Paid off assets, little debt, pays almost nothing in taxes, no kids, young wife. I've seen a lot worse.
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May 26, 2016 12:57
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Krispy Kareem posted:Paid off assets, little debt, pays almost nothing in taxes, no kids, young wife.
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May 26, 2016 13:25
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Uranium 235 posted:It's a pretty bad deal for the woman. But she gets to ride in the cool sports car!
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May 26, 2016 13:32
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Odds are he'll get some pretty good social security and she'll get a good survivor's benefit, so there's that I guess. Again, not ideal but it could be worse.
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May 26, 2016 13:43
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He hasn't paid in to Social Security according to her post but I suppose his birth country could help him out?
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May 26, 2016 13:58
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Krispy Kareem posted:Paid off assets, little debt, pays almost nothing in taxes, no kids, young wife. Yeah that dude isn't too far away from living the dream, provided he can keep her on board to take care of him when he's old, can't work and has no retirement. Wife, however, is another story.
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May 26, 2016 14:03
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KYOON GRIFFEY JR posted:He hasn't paid in to Social Security according to her post but I suppose his birth country could help him out? Oh poo poo, I missed that in my skimming. Sorry for not reading properly 
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May 26, 2016 14:06
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I am trying to think how it would ever be a good investment to be an absentee owner of oil and gas wells. Operating costs on wells makes horse ownership look good and if a horse dies, you just have to bury it, not spend tens of thousands of dollars to plug and abandon it (or pawn it off to someone wanting to try their hand at oil and gas).
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May 26, 2016 14:46
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Oil! posted:I am trying to think how it would ever be a good investment to be an absentee owner of oil and gas wells. Operating costs on wells makes horse ownership look good and if a horse dies, you just have to bury it, not spend tens of thousands of dollars to plug and abandon it (or pawn it off to someone wanting to try their hand at oil and gas). It's turn-key!!! You just turn the key and money comes out!
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May 26, 2016 14:49
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quote:We tried buying a home in 2008, but were denied a loan because he doesn't make money on paper (writes off tons of miles). Right. Totally not tax evasion. Turns out the kind of guy who wanted to date and had things in common with a woman in her mid 20s when he was in his 40s isn't the most responsible individual. Huh.
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May 26, 2016 15:11
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Haha that retirement car is a 1994 Dodge Viper. That they owe $15k on. Hahahahahaha
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May 26, 2016 17:12
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Barry posted:Dodge Viper Good life insurance policy ought to take care of the wife's problems
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May 26, 2016 17:50
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quote:Yes, we splurge on food ! That's what we enjoy. Brazilian steakhouses every month..the works. LOL $650 sounds like a good goal. Honestly, I have never budgeted before. quote:LOL I don't know what happens with food. I go to Whole Foods and spend like $120/week. Then, we go out at least once a week, so $40-$50 there. We'll get a special cake $30. And then regular grocery items like soap, laundry detergent, shampoo, water. So the $800 total was for grocery total, not just food  Barry posted:Haha that retirement car is a 1994 Dodge Viper. That they owe $15k on. Hahahahahaha quote:Kelly Blue Book is meaningless for collector cars. That's why collectors car insurance exist, because normal appraisers don't know what collector cars are worth. Try to find a 94 Viper for sale at $15k. Most are about $40k on eBay/autotrader. Is it worth $100k now? No. will it be worth $100k in ten years? I doubt it. Will it appreciate over the next ten years? Probably. Point is you could be in debt on a brand new civic and it will be worth $5k in ten years or you could be in debt on a 20 year old fully depreciated sports car that will hold its value or possibly appreciate.
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May 27, 2016 00:56
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KYOON GRIFFEY JR posted:He hasn't paid in to Social Security according to her post but I suppose his birth country could help him out? Depending on his country country of origin and if he is paying into a governmental pension system somewhere, he could get benefits. https://www.ssa.gov/international/agreements_overview.html
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May 27, 2016 01:07
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Haifisch posted:Weekly cakes: BWM. Whole Foods: My friend makes six figures and still refers to Whole Foods as Whole Paycheck and avoids shopping there. Also, my local large grocery store sells sweet potato (or pumpkin, depending on season) pies for $2.99. GWM.
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May 27, 2016 01:25
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Just found out that my aunt has been committing power of attorney fraud/elder abuse by spending many thousands of dollars (I'm not exactly sure how much, but the absolute floor is $7k and I'm guessing it's much higher) a year on personal purchases: tickets to athletics events and concerts, retail stores, some kind of Christmas savings service (you pay in and they send you a check in November?), etc. My dad has known for a while (he also has POA) and he finally told me about it tonight because he wanted my advice. He is at a loss as to how to handle this. My opinion is that he should say nothing to my aunt, document everything, and consult an attorney who deals with family/elder/estate law. If my dad is right about the fraud/embezzlement, then her POA needs to be revoked as soon as possible. Notable things about my aunt: she went through a bad divorce over 10 years ago. Has two kids; 17 and 14. Has a high interest rate mortgage that she can't refinance because she's tied to a bankruptcy with her ex-husband; her mortgage is $1800 a month and she lives in a very low cost of living area (small town in a flyover state). She has a pool, is redoing her porch, deck, and floors. Her kids want for nothing, and while I'm glad they're living the good life because they've been through a lot of poo poo and are really great kids who I love dearly, my aunt has clearly mishandled her own finances, probably in an effort to spoil them and make up for what they've gone through, and now she's mishandling my grandparents' finances. I've been watching her lifestyle for years, knowing that there was no way she could afford it, and certain that she was in terrible financial shape. I didn't expect her to be abusing her POA though. But according to this thread, this poo poo happens all the time.
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May 27, 2016 02:35
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So after 8 years she's just now thinking about what their age difference means as they age? Did they not do the whole 'this is supposed to be permanent' thing when they got married? He's 10 years from retirement age and has no savings, and they don't know what he'll be eligible for from his home country? 100k isn't terrible for a DINK but it ain't great, and neither of them is going to make more money in the future. I hope they enjoy those special cakes now because they'll be eating loving dog food if they lose either income and stay married. If she were on her own her retirement savings would be fixable if she buckled down [b]immediately/b] but with his age they're completely hosed if he doesn't get something very good from his home country, US SS be damned. Jesus Christ lady when some dude marries you for a green card, he's supposed to be young and hot, you're not supposed to get tied up with some old creeper.
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May 27, 2016 02:37
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Uranium 235 posted:Just found out that my aunt has been committing power of attorney fraud/elder abuse by spending many thousands of dollars (I'm not exactly sure how much, but the absolute floor is $7k and I'm guessing it's much higher) a year on personal purchases: tickets to athletics events and concerts, retail stores, some kind of Christmas savings service (you pay in and they send you a check in November?), etc. My dad has known for a while (he also has POA) and he finally told me about it tonight because he wanted my advice. He is at a loss as to how to handle this. Hi there, combo-BWM-and-fraudulent-aunt buddy  
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May 27, 2016 04:51
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My aunt was executor of my grandmother's estate and blew away all the money gambling, sold all the jewelry for gambling, and then liquidated her and her husbands' 401ks to gamble. And maxed out cash advances on credit cards to gamble. I guess it's just a crazy aunt thing.
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May 27, 2016 14:44
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I have friend who got a minor windfall after a relative died (like $10k) and immediately went to Atlantic City to put it all on black. He won, but still.
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May 27, 2016 15:02
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Nail Rat posted:My aunt was executor of my grandmother's estate and blew away all the money gambling, sold all the jewelry for gambling, and then liquidated her and her husbands' 401ks to gamble. And maxed out cash advances on credit cards to gamble. I can definitely see my sister doing that.Maybe not gambling, but stupid purchases at least.
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May 27, 2016 15:09
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I had a minor windfall last year after my grandma passed away and I immediately upped my student loan repayments (min: 180, was paying 325, upped it to 800). Then my work announced a student loan repayment assistance program 1 week later and I slammed that poo poo back to 325 because gently caress that.
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May 27, 2016 15:13
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KYOON GRIFFEY JR posted:He hasn't paid in to Social Security according to her post but I suppose his birth country could help him out? Bad at Taxes posted:Yes, the self employment tax has been paid. (Line 57) It's line 58 that is blank on the 1040 Good at Taxes posted:Oh that's fine. That means he's paid his SS and Medicare tax. That's what line 57 is - the self employment tax is 2.9% medicare and 12.4% SS. Lucky for them, it looks like they were paying into Social Security. They were just so bad at taxes they didn't realize what social security taxes actually are. Which, I guess makes them better at taxes than the people who don't pay into Social Security.
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May 27, 2016 23:17
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They should hook up with Mr. No One Will Give Me A Loan For A Tesla and set their deductions to a billion like him.
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May 28, 2016 00:36
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Considering people are living into their 90's now, I can only imagine how many years this woman is gonna be supporting her dual wielding (boat, 90's sports car) husband. Dudes gonna live to be 150. At least his Viper will almost be paid off by then.
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May 28, 2016 02:52
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Barry posted:Haha that retirement car is a 1994 Dodge Viper. That they owe $15k on. Hahahahahaha Hey man, if I ever win the lottery and can really toss some money around, I will strongly consider getting a Viper (or more likely, a replica kit car) and having it custom modded to look like the Viper Defender from the Viper TV show, and also modernize the interior. And then I will let all of you crucify me in this thread. 
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May 28, 2016 04:14
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SpelledBackwards posted:Hey man, if I ever win the lottery and can really toss some money around, I will strongly consider getting a Viper (or more likely, a replica kit car) and having it custom modded to look like the Viper Defender from the Viper TV show, and also modernize the interior. And then I will let all of you crucify me in this thread. BWM related: http://www.seattletimes.com/seattle-news/lawyer-gets-home-confinement-for-sale-of-viper-tv-show-cars/ posted:
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May 28, 2016 04:33
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When I was like 10 years old, I wanted a Dodge Viper more than anything else in the entire world. I grew out of that.
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May 28, 2016 04:56
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Betcha didn't want a 22 year old one though. Pretty low class 10 year old if you ask me.
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May 28, 2016 05:01
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SpelledBackwards posted:Hey man, if I ever win the lottery and can really toss some money around, I will strongly consider getting a Viper (or more likely, a replica kit car) and having it custom modded to look like the Viper Defender from the Viper TV show, and also modernize the interior. And then I will let all of you crucify me in this thread. So you're gonna buy a Viper then turn it into a 90's Celica? A bold plan sir. A bold plan.
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May 28, 2016 06:24
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http://forums.somethingawful.com/showthread.php?threadid=3213538&userid=0&perpage=40&pagenumber=319#post460318409 http://forums.somethingawful.com/showthread.php?threadid=3213538&userid=0&perpage=40&pagenumber=320#post460319522 Throatwarbler posted:I'm going to start law school in the fall far away from home and for that reason I kind of want to buy a truck. I don't think I can comfortably fit any of the half tons in my underground parking space so I went and test drove a new Tacoma today. The clutch is still a bit too long but the gearshift throws are fairly short and its not bad for a truck. Could use an extra gear though, the MT is only a 5 speed. The engine is the new fancy Lexus 3.5l with both direct and port injection and able to switch between Atkinson and Otto cycle. It's expensive as hell since the MT basically only comes with the TRD Off Road trim and I'm never going off road. Throatwarbler posted:I already have a car, it's perfectly fine other than not being a truck and I barely ever drive it anyway because I ride my bike everywhere. Once I get to school I'm going to just rent a place a mile away from campus and I'll never drive anywhere either. OTOH the total cost of ownership for a Tacoma with the depreciation that KBB and other research is telling me is so low that it seems unreal. As if law school weren't a bad enough, lets buy a truck to supplement the car I don't drive!
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May 28, 2016 16:08
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The same dude recommended Chryslers and VWs to unsuspecting goons who wanted a reliable car in the A/T thread.
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May 28, 2016 16:52
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Phone posted:The same dude recommended Chryslers and VWs to unsuspecting goons who wanted a reliable car in the A/T thread. That's the worst thing I've seen posted in this thread. Good grief...
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May 28, 2016 22:37
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Throatwarbler posted:Well it's halfway across the continent, having a truck means I can bring more stuff with me and also in the new town pick up free furniture from criag...yeah you know what it's probably not a great reason to buy a truck.
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May 29, 2016 04:21
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I just want to remind everyone, thinking of buying a VW, that it's a vile company that will cheat, lie, steal and sue it's customers for internet posts. No, seriously. VW NA corporate office had fully backed Jim Ellis in lawsuit against a customer, who posted negative experience on a message board, circa early 2000's. You can guess as to what happened. Archived thread is here, if you want to watch that bullshit train go off the rails.
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May 29, 2016 05:02
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Nitrox posted:I just want to remind everyone, thinking of buying a VW, that it's a vile company that will cheat, lie, steal and sue it's customers for internet posts. No, seriously. VW NA corporate office had fully backed Jim Ellis in lawsuit against a customer, who posted negative experience on a message board, circa early 2000's. You can guess as to what happened. poo poo. I'm actually considering a Volkswagen and that Jim Ellis location is closest VW dealership to me.
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May 29, 2016 05:51
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My Passat was the worst with money I've ever been. Every single fix was a few hundred dollars or more and they just. kept. coming.* *plz dont sue me vw
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May 29, 2016 05:56
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