Comments on: Personal Finance Users Guide http://www.bargaineering.com/articles/personal-finance-users-guide.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 06:04:27 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Paul Petillo http://www.bargaineering.com/articles/personal-finance-users-guide.html/comment-page-1#comment-221674 Paul Petillo Tue, 04 Mar 2008 00:48:47 +0000 http://www.bargaineering.com/articles/personal-finance-users-guide.html#comment-221674 I wrote a book in 2004 "Building Wealth in a Paycheck-to-Paycheck World" (McGraw-Hill) that has each of those chapters fully realized and quite a few you forgot. It takes you a comprehensive step-by-step journey through the world of personal finance. I wrote a book in 2004 “Building Wealth in a Paycheck-to-Paycheck World” (McGraw-Hill) that has each of those chapters fully realized and quite a few you forgot. It takes you a comprehensive step-by-step journey through the world of personal finance.

]]> By: Tony http://www.bargaineering.com/articles/personal-finance-users-guide.html/comment-page-1#comment-219597 Tony Fri, 22 Feb 2008 02:04:41 +0000 http://www.bargaineering.com/articles/personal-finance-users-guide.html#comment-219597 speaking of beneficiaries, don't forget to make sure you have them listed for IRAs as the beneficiaries listed for these accounts supersede any you may list in a will for those assets. For example, now that you are married, if you don't make your wife the IRA beneficiary, she won't get a dime no matter what it says in your will. speaking of beneficiaries, don’t forget to make sure you have them listed for IRAs as the beneficiaries listed for these accounts supersede any you may list in a will for those assets. For example, now that you are married, if you don’t make your wife the IRA beneficiary, she won’t get a dime no matter what it says in your will.

]]> By: Scott http://www.bargaineering.com/articles/personal-finance-users-guide.html/comment-page-1#comment-219477 Scott Thu, 21 Feb 2008 06:35:35 +0000 http://www.bargaineering.com/articles/personal-finance-users-guide.html#comment-219477 Forgot a big one- Legal. Wills, Powers of Attorney, Trusts, Land Trusts, Buy-sell Agrrements, LLC, Lease-buy backs, Limitied partnership agreements. And along with Legal is how each asset is titled: How is it held? Individual, Joint Tenets, tenents in common, Individual Transfer on Death, Joint with Right of surviorship, Joint Transfer on Death???? And, Beneficiaries? they the same? different, need to be updated because Uncle Phil is in prision? Nanacy and Dave are divorced now? Sally had a new baby? Stella got married to a guy with three kids of his own. Finally, taxes: not just federal and state...the AMT going to whack you? Estate tax limits and how close are you(dont forget to include the life insurance, it goes to your benes income tax free, but is kept in your estate at your death.) Don't forget expenses, like debts, it is helpful to see where your money went and then you can figure out if it needs to continue. $5.00 a day for Starbucks? $15 a month in foriegn atm fees. Adds up. Oh, and I like to keep track of income sources, both current and projected. Salary, pension, SS, disability payments, divorce decrees, injury settlements etc and how long will income stream last and how are they taxed. My folder/binder has 10 tabs. Not saying yours should, but for sure a legal section. Forgot a big one- Legal. Wills, Powers of Attorney, Trusts, Land Trusts, Buy-sell Agrrements, LLC, Lease-buy backs, Limitied partnership agreements.

And along with Legal is how each asset is titled: How is it held? Individual, Joint Tenets, tenents in common, Individual Transfer on Death, Joint with Right of surviorship, Joint Transfer on Death????

And, Beneficiaries? they the same? different, need to be updated because Uncle Phil is in prision? Nanacy and Dave are divorced now? Sally had a new baby? Stella got married to a guy with three kids of his own.

Finally, taxes: not just federal and state…the AMT going to whack you? Estate tax limits and how close are you(dont forget to include the life insurance, it goes to your benes income tax free, but is kept in your estate at your death.)

Don’t forget expenses, like debts, it is helpful to see where your money went and then you can figure out if it needs to continue. $5.00 a day for Starbucks? $15 a month in foriegn atm fees. Adds up.

Oh, and I like to keep track of income sources, both current and projected. Salary, pension, SS, disability payments, divorce decrees, injury settlements etc and how long will income stream last and how are they taxed.

My folder/binder has 10 tabs. Not saying yours should, but for sure a legal section.

]]> By: Ben http://www.bargaineering.com/articles/personal-finance-users-guide.html/comment-page-1#comment-209894 Ben Fri, 18 Jan 2008 20:56:34 +0000 http://www.bargaineering.com/articles/personal-finance-users-guide.html#comment-209894 How about something regarding taxes? -How much paid last year (state,federal) -How much is being withheld per paycheck/how much paid year to date -Any upcoming tax-worthy events (salary change, dependent change, unusual losses or gains) -Any tax moves to make for the year ahead How about something regarding taxes?

-How much paid last year (state,federal)
-How much is being withheld per paycheck/how much paid year to date
-Any upcoming tax-worthy events (salary change, dependent change, unusual losses or gains)
-Any tax moves to make for the year ahead

]]> By: Flexo http://www.bargaineering.com/articles/personal-finance-users-guide.html/comment-page-1#comment-209716 Flexo Fri, 18 Jan 2008 05:15:01 +0000 http://www.bargaineering.com/articles/personal-finance-users-guide.html#comment-209716 This is a great idea. I should implement something similar. In the wrong hands, though, it can be a dangerous weapon, so I'll have to take care. This is a great idea. I should implement something similar. In the wrong hands, though, it can be a dangerous weapon, so I’ll have to take care.

]]> By: Fred http://www.bargaineering.com/articles/personal-finance-users-guide.html/comment-page-1#comment-209511 Fred Thu, 17 Jan 2008 04:13:12 +0000 http://www.bargaineering.com/articles/personal-finance-users-guide.html#comment-209511 The more recent versions of Quicken are beginning to integrate much of the data you mention here. That said, I think everything you mention is valuable to have organized and stored safely. I would add that you should collect the insurance policies, and your book, and store them together in a fire-proof safe. If you're safe is hard to move and you're careful about not leaving it unlocked, you could also store the password information there. Answering your question: I would definitely include a section in the book for debts (other than credit cards), to include things like mortages / car loans, etc. Related to insurances: a future post subject idea> I received a mailing today from MetLife that said, "if you've been with your car insurance company for more than 3 years, you're probably paying too much." I wondered about whether this was really true. Is there really a time-lapse point at which your car insurance company is taking advantage of you? Fred <a href="http://www.oneprojectcloser.com" rel="nofollow">One Project Closer</a> The more recent versions of Quicken are beginning to integrate much of the data you mention here. That said, I think everything you mention is valuable to have organized and stored safely. I would add that you should collect the insurance policies, and your book, and store them together in a fire-proof safe. If you’re safe is hard to move and you’re careful about not leaving it unlocked, you could also store the password information there.

Answering your question: I would definitely include a section in the book for debts (other than credit cards), to include things like mortages / car loans, etc.

Related to insurances: a future post subject idea> I received a mailing today from MetLife that said, “if you’ve been with your car insurance company for more than 3 years, you’re probably paying too much.” I wondered about whether this was really true. Is there really a time-lapse point at which your car insurance company is taking advantage of you?

Fred
One Project Closer

]]> By: RacerX http://www.bargaineering.com/articles/personal-finance-users-guide.html/comment-page-1#comment-209498 RacerX Thu, 17 Jan 2008 02:23:00 +0000 http://www.bargaineering.com/articles/personal-finance-users-guide.html#comment-209498 The one thing I would add is about working your carrer planning as well. It is were, most of us anyway, get our pay. Just a 1% per year extra would have a huge effect of your potential net worth. The one thing I would add is about working your carrer planning as well. It is were, most of us anyway, get our pay. Just a 1% per year extra would have a huge effect of your potential net worth.

]]> By: ChristianPF http://www.bargaineering.com/articles/personal-finance-users-guide.html/comment-page-1#comment-209445 ChristianPF Wed, 16 Jan 2008 18:15:58 +0000 http://www.bargaineering.com/articles/personal-finance-users-guide.html#comment-209445 This is a good idea... I do something similiar - I keep all of the pertinent information on my balance sheet, so I have all my necessary account numbers, logins, urls, phone #s, etc in one place.... This is a good idea… I do something similiar – I keep all of the pertinent information on my balance sheet, so I have all my necessary account numbers, logins, urls, phone #s, etc in one place….

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