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Subject: persfin-digest V4 #47
Date: Fri, 13 Jun 1997 22:06:23 -0400 (EDT)
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persfin-digest Friday, June 13 1997 Volume 04 : Number 047
IN THIS ISSUE:
ADVERTISEMENT: LAN ACCESS TO MCI MAIL [Oppenheimer Software <Connect-Sal]
Budget Percentages? [robert_loeser@medec.com]
"Spiders"? [Allen Spann <atspann@pclink.com>]
Opinions and calculating the future value of investments? [Clayton Rogers]
Car Loan Refinancing? ["Suhas Joshi" <suhas@hotmail.com>]
Re: Free e-mail? [reb@pobox.com]
URL That Compares Cellular / PCS Phone Rates? [Meryl Evans <meryl.evans@t]
Repeal TIAA-CREF's tax-exempt status? [Patrick Meighen <pmeighen@wvu.edu>]
Did they ever approve higher indiv IRA limits? [Joe Cabrera <toonhead@tia]
Financial Planning Web Site [Chris Brockbank <FVisions@fincalc.com>]
Graduate Tuition Deduction - Which Tax Forms? [cssrbha@uslcmail.snads.phi]
Auto Routing & Residence Locating Programs? ["Charles A. Wilmot" <cwilmot]
====================================================================
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----------------------------------------------------------------------
Date: Fri, 13 Jun 1997 21:56:10 -0400 (EDT)
From: Oppenheimer Software <Connect-Sales@mcimail.com>
Subject: ADVERTISEMENT: LAN ACCESS TO MCI MAIL
LAN Access to MCI Mail
Link your LAN to the Rest of the World
Global Accessability
Toll Free Access.... No Need for Data Lines
Secure:Helps Keep Hackers Out of Your Network
Ideal for MultiOffice & Dispersed User Applications
Supports cc:Mail, MS-Mail, Groupwise, VINES, MHS,X.400
Includes:
Internet E-Mail
Internet Vanity Domain Name Option Available
X.400 E-Mail (Secure, Private, Trackable e-mail)
Fax Delivery (Alternate Delivery Option Included)
Telex, Pager and Postal/Courier Hardcopy Options
Oppenheimer Software Authorized MCI Messaging Agency
Tel:800-390-9379 E-Mail:Connect-Sales@mcimail.com
Fax:800-492-6862
------------------------------
Date: Fri, 13 Jun 1997 21:57:03 -0400 (EDT)
From: robert_loeser@medec.com
Subject: Budget Percentages?
Some time ago, someone posted a chart which showed what percentage of
your income should go to what expenses in your life. My question is,
is this chart representing income before or after taxes are taken out?
Auto - 12.0%
Housing - 34.0%
Entertain/Rec - 5.0%
Clothing - 5.0%
Healthcare - 4.0%
Misc - 5.0%
Food - 12.0%
Insurance - 5.0%
Debts - 5.0%
Savings - 5.0%
Invest - 8.0%
------------------------------
Date: Fri, 13 Jun 1997 21:57:34 -0400 (EDT)
From: Allen Spann <atspann@pclink.com>
Subject: "Spiders"?
Anyone with thoughts on tax treatment of SPDR's (Standard and Poor's
Depository Receipts) sold on the AMEX? Specifically, is the prospect of
small realized capital gains such that one could achieve a high degree of
capital gains tax deferral by buying and holding over the long haul?
------------------------------
Date: Fri, 13 Jun 1997 21:58:48 -0400 (EDT)
From: Clayton Rogers <CROGERS@STEWART.com>
Subject: Opinions and calculating the future value of investments?
>From: "terry turner" <tgturner@vnet.net>
>Subject: Opinions and calculating the future value of investments?
wrote:
> ....$300-pre-tax payroll deduction, Philip Morris Co. stock
> $166-Lexington Corporate Leaders Fund, wife's IRA
> $100-Janus Worldwide Fund, husband's IRA
> $85-T. Rowe Price European Fund, husbands's IRA (9 months per year
to avoid
> penalties)
> $100-Proctor&Gamble stock, DRIP
> $100-Exxon stock, DRIP
> $100-Merck stock, DRIP
> $100-Coca-Cola stock, DRIP
> Will soon be adding Home Depot stock.
> The time value of money is powerful. I'm an aggressive, long term investor.
> You experts reading this, what are your thoughts about this portfolio?
> I'm planning for an average annual return of 9% over the next 21
years.
> Expext to be in a 28-32% tax bracket with average annual inflation
of 4%.
> Where is a Web site that can calculate the future value of my
contributions?
> Dividends will be a bonus.
Check out www.financenter.com -- It has many, many calculators for
personal finance. u can also apply for a home/car/personal loan over
the internet -- I filled out a short pp. and about 3 days later I was
approved for a home loan -- I didn't take 10mins to do
it!
Texaco has a nice direct drip plan also (like Exxons) if you want to
buffer yourself in Oil Only $50 minimum a month direct from your
checking account -- see www.texaco.com.
I noticed you don't have any Tech stocks -- there will be much growth
in Tech over the next 20 years and beyond -- Many of the Techs drive
the market with that blossoming growth we have had in the past few
years (and little declines). You probably won't find any Tech stock
DRIPs, but you can easily find many agressive growth mutual funds out
there that have large tech stock holdings, such as Microsoft, Compaq,
Intel, 3Com, IBM (surprised?) and many others. Telecommunication
companies like AT&T, MCI & Sprint as well as Cable companies will also
be big players the next few years. Many people still see the phone
companies as income utilities, but I think not -- Some of the smaller
agile companies, like MCI, will be to manuver around in the market and
provide tremendous long term growth for its shareholders.
Just some food for thought.
Take care
Clayton.
------------------------------
Date: Fri, 13 Jun 1997 21:59:27 -0400 (EDT)
From: "Suhas Joshi" <suhas@hotmail.com>
Subject: Car Loan Refinancing?
Greetings.
I took a Car loan of $12000/- at 8.5% last June from a Credit Union.
Now, the same Credit Union has come out with a scheme, whereby I can get
my remaining loan refinanced at 7.75% APR. The catch is that I need to
borrow extra $1000.
I am trying to figure out if this deal makes any sense. If I refinance
the loan, my monthly payment is going to increase since I want to keep
the period same as before (4 years).
In the mean time, I also want to try and pay back the loan as soon as
possible. I may not be able to afford a bigger monthly payment, but I
plan to make a bigger payment of say $1000 once in a while whenever I
feel comfortable with my bank balance.
I would like know opinion of fellow persfiners on this situation. Should
I refinance the loan to 7.75% by taking extra $1000 or just continue
with my present payment at 8.5%?
Thanks !
------------------------------
Date: Fri, 13 Jun 1997 22:00:04 -0400 (EDT)
From: reb@pobox.com
Subject: Re: Free e-mail?
David> The ability to use the fax service, however, looks like it
David> might be a pretty useful feature, though. I'd love to see
David> a new service where you can both send and _recieve_ faxes
David> via the net. (ie. someone sends a fax to a fax number and
David> a fax service recieves it, packs it up as a jpeg or gif and
David> e-mails it to you. Then you just read it in, say, Netscape
David> or your mail program, like maybe Eudora, saves it as an
David> attachment and you view it in any graphics program on your
David> computer.) (And, of course, the system should work in
David> reverse - you should be able to send e-mail to a fax
David> number, but that's not as essential, given that most modems
David> already can send directly to faxes).
This service already exists, but in two separate companies. For
sending faxes I use faxaway. www.faxaway.com. I send email to
######@faxaway.com where ###### is the fax number and off my document
goes. You can even send Word and other attachments.
For getting faxes, I got a telephone number via
jfax. www.jfax.com. Someone sends mail to my "fax" number and it is
forwarded to me via email. Jfax provides software to look at the
document and print it on your printer.
Works pretty good. My only complaint is jfax uses a proprietary format
for the fax and that makes it harder to use for other purposes.
Bob Brown
------------------------------
Date: Fri, 13 Jun 1997 22:00:33 -0400 (EDT)
From: Meryl Evans <meryl.evans@telops.gte.com>
Subject: URL That Compares Cellular / PCS Phone Rates?
I remember someone gave an URL that compared Long Distance rates. Is
there a URL that compares Cellular / PCS phone rates?
Thanks.
Meryl
meryl@onramp.net
------------------------------
Date: Fri, 13 Jun 1997 22:02:04 -0400 (EDT)
From: Patrick Meighen <pmeighen@wvu.edu>
Subject: Repeal TIAA-CREF's tax-exempt status?
This was in the CAUSE E-BULLETIN:
"This afternoon the Ways and Means Committee of the U.S. House of
Representatives is considering a tax-relief proposal that would repeal
TIAA-CREF's tax-exempt status for pension programs.
Information about the proposed legislation and its ramifications is
available on the TIAA-CREF Web site at:"
http://www.tiaa-cref.org/message.html
I was floored when I read this. It's like they are penalizing those of us
who work in higher education for trying to be responsilbe and saving to
take control of our future. I hope that other list members who work in
higher ed. will contact their Senators and Representitives and encourage
them to vote against this measure.
Even if you not employed in higher ed. this should make you wonder how long
it will be before they set their sites on your retirement money.
Patrick D. Meighen
Information Systems Control Specialist
Internal Audit Office
3308 University Services Center
PO Box 6355
Morgantown, WV 26506-6355
Phone: (304) 293-5894
Fax: (304) 293-7156
------------------------------
Date: Fri, 13 Jun 1997 22:02:15 -0400 (EDT)
From: Joe Cabrera <toonhead@tiac.net>
Subject: Did they ever approve higher indiv IRA limits?
Does anyone know the current status of the legislation that potentially
will raise the individual deductible IRA amount to $4000? Does it look like
it's gonna make it? Maybe even retroactively a year or so?
------------------------------
Date: Fri, 13 Jun 1997 22:02:32 -0400 (EDT)
From: Chris Brockbank <FVisions@fincalc.com>
Subject: Financial Planning Web Site
Consider www.fincalc.com as an additional link where you can generate
personalized financial plans such as retirement, college funding,
insurance needs, mortgage refinance, credit card payoff, etc.
------------------------------
Date: Fri, 13 Jun 1997 22:03:09 -0400 (EDT)
From: cssrbha@uslcmail.snads.philips.nl
Subject: Graduate Tuition Deduction - Which Tax Forms?
Hello persfiners:
My company pays for my graduate courses.
I know that there was a law passed last year
that makes the tuition that is footed by the
company taxable.
My question:
Is this tuition taxable only for federal tax or
is it taxable for state and local, FICA medicare
as well. (My state is PA)
My impression was that the tuition
was only taxed at federal level. I just got
my refund check from payroll and they
have deducted all other taxes.
Thanks in advance!
Raj..
------------------------------
Date: Fri, 13 Jun 1997 22:04:03 -0400 (EDT)
From: "Charles A. Wilmot" <cwilmot@azstarnet.com>
Subject: Auto Routing & Residence Locating Programs?
Prior to accidentally deleting my Bookmarks, which were not backed up, I
had several programs, either shareware of freeware, which I had previously
downloaded and can no longer locate because I can't recall their exact
names. Two of them enabled me to merely specify the point of origin and
destination and they would give me a detailed itinerary to the destination
via auto. Two or 3 others would show me a street map and exact location
of either the residence or business, whichever was the case, merely by
plugging in an address. Can anyone help me identify & locate any of
these programs?
Chuck Wilmot
cwilmot@azstarnet.com
------------------------------
End of persfin-digest V4 #47
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