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Paying Estimated Taxes

I unexpectedly realized a sizable short term capital gain. I don't know how to pay estimated taxes using my TaxACT software since I already filed this year's tax return and there is no apparent way to pay mid-year estimated tax. Can I avoid a penalty for underpayment with paying tax using alternativ...
by Biil McNeal
Thu Oct 23, 2014 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Paying Estimated Taxes
Replies: 6
Views: 414

"Differentiated" vs. "Segregated" asset allocation

I was researching some roboadvisors and a white paper caught my attention. It says the typical taxable/retirement account segregation based on tax efficiency is not ideal if you have substantial assets in a taxable account: https://blog.wealthfront.com/differentiated-asset-location-a-case-for-certai...
by Biil McNeal
Tue Oct 21, 2014 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Differentiated" vs. "Segregated" asset allocation
Replies: 3
Views: 297

Rental Property

I'd like to get started in rental property. This would be in the San Francisco area. I've never owned any property to rent out before. From what I've read so far, at this time I would not meet the definition of real estate professional and will be subject to the 3.8% surtax on rental income. Also, I...
by Biil McNeal
Tue May 27, 2014 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rental Property
Replies: 5
Views: 735

Re: FATCA for VWO and foreign funds?

Anyone come across this issue for this year?
by Biil McNeal
Thu Feb 13, 2014 4:04 am
 
Forum: Investing - Help with Personal Investments
Topic: FATCA for VWO and foreign funds?
Replies: 4
Views: 535

Re: Anyone feed the birds?

I thought squirrels would get all the spillage.
by Biil McNeal
Fri Feb 07, 2014 5:21 am
 
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7339

Re: VEU Changes

Vanguard's pages for these show that VEU median market cap is larger than VXUS. But its turnover rate is higher and Yahoo Finance shows a dividend, but VXUS apparently does not have a dividend. Even though VXUS has an ER 1 bp higher, doesn't the lower turnover and no dividend mean that it's more tax...
by Biil McNeal
Wed Feb 05, 2014 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: VEU Changes
Replies: 7
Views: 1033

Prenuptial Agreement

My uncle is getting married and is bringing in substantially more assets than his fiancé. Is a prenuptial agreement a good idea? This is in TX although the ceremony might be in another state due to family. My mom is afraid to broach this topic with him. What's the best way to start this conversation?
by Biil McNeal
Sat Feb 01, 2014 6:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prenuptial Agreement
Replies: 34
Views: 3865

Re: Anyone feed the birds?

Interesting map. Thank you for the site.

I've seen at one hummingbird in the last week visit the feeder. I imagine the warmer temperatures keep them around here longer.
by Biil McNeal
Tue Jan 28, 2014 6:01 pm
 
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7339

Re: Anyone feed the birds?

Anyone see hummingbirds yet? I wonder if I should put up my feeder yet. I'm in California.
by Biil McNeal
Mon Jan 27, 2014 12:08 pm
 
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7339

Re: VEU Changes

Thanks David. So according to what I'm seeing of their funds,

VXUS = VEU + VSS

Although ER of VSS is about 10 bps higher than the others.
by Biil McNeal
Sun Jan 26, 2014 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: VEU Changes
Replies: 7
Views: 1033

VEU Changes

I read a while back that with the release of VXUS there would be changes to VEU because of overlap. Is VEU going to be folded into VXUS (which has 5x the assets)? Or will VEU and VXUS coexist without changes into the future?
by Biil McNeal
Sat Jan 25, 2014 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: VEU Changes
Replies: 7
Views: 1033

Shocking Furnace Replacement Cost

I am looking to get a new efficient gas furnace for a ~ 3,000 sq. ft. home with 3 zones. The ones on Home Depot list for about $3,000. But HVAC contractors I've contacted quote me a package price of over $10,000! HVAC work is out of my expertise so I don't know if it's typical, even for my high COL ...
by Biil McNeal
Thu Dec 26, 2013 3:59 pm
 
Forum: Personal Consumer Issues
Topic: Shocking Furnace Replacement Cost
Replies: 21
Views: 2771

Re: Giving Your Bank Information to Third Parties

Thanks for the link. It's from 2011 and I am hoping for more current opinions.
by Biil McNeal
Thu Dec 26, 2013 3:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Giving Your Bank Information to Third Parties
Replies: 5
Views: 777

Giving Your Bank Information to Third Parties

Finance apps, like on my iPad such as Check and Mint, require you enter your bank account numbers and website login information and password. This makes me uneasy. How is the security of this information when given to these third-party apps used for bill payment and tracking finances?
by Biil McNeal
Wed Dec 25, 2013 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Giving Your Bank Information to Third Parties
Replies: 5
Views: 777

Finding a New Job While Employed

I've wondered how do people interview for a new job without your existing employer knowing? They'll ask for references and if all you have are those at your current job, you risk causing problems in case you don't get an offer.
by Biil McNeal
Sat Dec 14, 2013 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finding a New Job While Employed
Replies: 4
Views: 556

End of Month Fund Price Irregularities

I have my Vanguard funds set to reinvest dividends, which they do monthly. It seems like the fund value goes higher near the end of the month then drops a lot afterwards, meaning I buy high with reinvestments. Anyone else notice this, or is it just coincidental? Are HFTs or other market players fron...
by Biil McNeal
Tue Nov 05, 2013 11:37 pm
 
Forum: Investing - Theory, News & General
Topic: End of Month Fund Price Irregularities
Replies: 0
Views: 231

Buying Stock in Pro Athletes

They're now offering stock in pro athletes. You buy a piece of their future income.

What % of your AA will you make this? Sounds like a good way to diversify.

http://espn.go.com/nfl/story/_/id/98383 ... ton-texans
by Biil McNeal
Thu Oct 17, 2013 4:27 pm
 
Forum: Investing - Theory, News & General
Topic: Buying Stock in Pro Athletes
Replies: 20
Views: 1712

Re: Nanny Taxes

I'm surprised people ignore the employer tax implications.

Wouldn't using a dependent care FSA and taking the child care tax credit raise red flags if they don't file any nanny taxes?
by Biil McNeal
Tue Sep 24, 2013 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nanny Taxes
Replies: 11
Views: 978

Nanny Taxes

Does tax software like TaxACT and Turbotax fully take care of nanny tax services? The situation is that there is a nanny that makes just over the IRS threshold of $1,800, so a separate payroll service is cost prohibitive for this small amount. How do people in this situation issue W-2 (or is it 1099...
by Biil McNeal
Tue Sep 24, 2013 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nanny Taxes
Replies: 11
Views: 978

Gifting Appreciated Stock to Children

I'm looking to gift appreciated stock my minor child. That child will only have capital gains as income. From what I've read, if the only income is interest and dividends, the child does not need to file a separate return. Also, if total unearned income was less than $950 no return is required at al...
by Biil McNeal
Mon Sep 23, 2013 4:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gifting Appreciated Stock to Children
Replies: 2
Views: 399

Re: 529 in Estate Planning

Do people use a 529 with parent as owner and a separate 529 with child as owner, for both financial aid and estate planning purposes? It appears having multiple 529s gives you more flexibility, including to provide for future grandchildren.
by Biil McNeal
Mon Sep 23, 2013 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 in Estate Planning
Replies: 21
Views: 1369

Re: Tax Reporting of Donated Stock

The shares are in a taxable account at a brokerage that does not have a charitable fund option. So I guess in the eyes of the IRS my cost basis is irrelevant if I donate the shares. The shares I donate aren't actually at Fidelity. I submit a letter to my brokerage telling them which shares I want t...
by Biil McNeal
Fri Sep 20, 2013 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Reporting of Donated Stock
Replies: 15
Views: 948

Re: Tax Reporting of Donated Stock

The shares are in a taxable account at a brokerage that does not have a charitable fund option. So I guess in the eyes of the IRS my cost basis is irrelevant if I donate the shares.
by Biil McNeal
Fri Sep 20, 2013 9:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Reporting of Donated Stock
Replies: 15
Views: 948

Tax Reporting of Donated Stock

I read that gifting via appreciated stock is the most tax efficient. I plan to donate shares held over a year. Since I don't sell, broker won't give me a 1099-B for these shares. Do I just deduct their value like a regular charitable gift on my tax return? Do I even need to report their cost basis, ...
by Biil McNeal
Thu Sep 19, 2013 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Reporting of Donated Stock
Replies: 15
Views: 948

Re: 529 in Estate Planning

You are right, I meant to refer to 529 contributions for grandchildren, not withdrawals. Contributions to a grandchild's 529, or transfer of 529 ownership to a grandchild, is subject to the GST above the exclusion. From what I've read, it appears the best way to fund a 529 is with appreciated stock,...
by Biil McNeal
Mon Sep 16, 2013 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 in Estate Planning
Replies: 21
Views: 1369

Re: 529 in Estate Planning

We consider 529s our primary monetary legacy to our descendants. What are kids don't use, their kids can use. Ad infinitum. Done carefully, there will be no taxes involved. Thank you for sharing. Do you take the steps outlined in the OP to avoid taxes? Or do you maintain ownership and take a QHEE d...
by Biil McNeal
Mon Sep 16, 2013 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 in Estate Planning
Replies: 21
Views: 1369

529 in Estate Planning

I read that 529 plans are useful for estate planning. What's the most tax-efficient way to use them to give to your grandchildren and future generations? The IRS assesses a generation-skipping transfer tax if you own a 529 for your grandchildren because it's 2 generations below you. Can you avoid th...
by Biil McNeal
Mon Sep 16, 2013 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: 529 in Estate Planning
Replies: 21
Views: 1369

Re: California 529 vs taxable

Which state 529 plans do CA people usually do? I've read that NV and UT are popular plans. Which state has the lowest ER choices?
by Biil McNeal
Mon Sep 16, 2013 1:32 am
 
Forum: Investing - Help with Personal Investments
Topic: California 529 vs taxable
Replies: 11
Views: 830

California 529 vs taxable

I'm looking ahead for a newborn. Is there any advantage of saving in a 529 vs. taxable that holds VTI and munis that is held for 18 years? California has no tax benefit to 529 and gifts from taxable for tuition are tax free. Impact on EFC is 5.64% for both. But the taxable account has a trump card i...
by Biil McNeal
Sat Sep 14, 2013 11:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: California 529 vs taxable
Replies: 11
Views: 830

Re: Life Insurance

The one risk with term is if you would develop a non-insurable medical condition in which case you cannot renew term if you wanted to. Thank you jjh and Moose for your kind information. jjh, when you say cannot renew term if you get sick you mean after the 20 years? I had read somewhere that 20-yea...
by Biil McNeal
Thu Sep 12, 2013 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: [How do I buy] Life Insurance
Replies: 6
Views: 684

[How do I buy] Life Insurance

I'm wondering how life insurance is best bought. There is already a life insurance policy through company employment but I wonder if more is needed on top of that. Age is about 40 with a newborn. I read here that whole life is to be avoided and stick to term policies from term4sale.com. Are the annu...
by Biil McNeal
Thu Sep 12, 2013 2:17 am
 
Forum: Personal Finance (Not Investing)
Topic: [How do I buy] Life Insurance
Replies: 6
Views: 684

Re: Anyone feed the birds?

Where I lived before the hummingbird feeder was just outside a large window. If I were late filling it, the hummer would fly up to the window and scold. It seems your bird is very comfortable around people. Even if I approach the window, mine instantly flies away. I'm thinking of adding another fee...
by Biil McNeal
Fri Aug 30, 2013 12:44 pm
 
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7339

Re: Anyone feed the birds?

That's amazing you have so many birds! What area do you live in?

Do you ever take down your feeder or do you have visitors year-round?
by Biil McNeal
Tue Aug 27, 2013 11:27 am
 
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7339

Re: Anyone feed the birds?

Nice. What area do you live in? My hummer feeder only attracts one specific individual bird. I don't know if it's fighting any of the others off, I haven't see another. It's definitely skittish though. I get close to the window to look, and it flies away. I'm thinking of putting up another feeder wi...
by Biil McNeal
Mon Aug 26, 2013 6:17 pm
 
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7339

Re: Anyone feed the birds?

That's an interesting point. So sometimes a birdfeeder is really a hawkfeeder.
by Biil McNeal
Thu Aug 22, 2013 3:14 pm
 
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7339

Re: [Affordable Care Act] ACA Surcharge: Effect on AMT?

Top of page 4 of this US Trust document says: "THE SURTAX IS IN ADDITION TO THE
ALTERNATIVE MINIMUM TAX."

http://www.ustrust.com/Publish/Content/ ... Surtax.pdf
by Biil McNeal
Wed Aug 21, 2013 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Affordable Care Act] ACA Surcharge: Effect on AMT?
Replies: 10
Views: 1615

Re: Anyone feed the birds?

I have a hummingbird feeder out for the past couple of weeks but I only see one particular bird come by (I'm in Northern California). How do I get more to come? I'm thinking of also starting a bird feeder. Do you have to clean up a lot of bird droppings/excrement under the feeder? Or is that someth...
by Biil McNeal
Tue Aug 20, 2013 5:58 pm
 
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7339

Re: Anyone feed the birds?

I have a hummingbird feeder out for the past couple of weeks but I only see one particular bird come by (I'm in Northern California). How do I get more to come? I'm thinking of also starting a bird feeder. Do you have to clean up a lot of bird droppings/excrement under the feeder? Or is that somethi...
by Biil McNeal
Tue Aug 20, 2013 4:41 pm
 
Forum: Personal Consumer Issues
Topic: Anyone feed the birds?
Replies: 84
Views: 7339

Re: [Left in bad situation] by Comcast

Thank you all for your ideas. I will take them all into consideration. I appreciate 4S's detailed information on the regulations on number porting. I have in fact used the FCC informal complaint process, which essentially resulted in "we did nothing wrong" form letters from both telecoms. ...
by Biil McNeal
Tue Aug 20, 2013 1:11 pm
 
Forum: Personal Consumer Issues
Topic: [Left in bad situation] by Comcast
Replies: 19
Views: 2618

Re: [Affordable Care Act] ACA Surcharge: Effect on AMT?

I got the impression that the 3.8% surcharge was applied as FICA, so it affects you the same if you are in AMT or not. At least, that's what "not absorbed" by AMT sounds like to me.
by Biil McNeal
Tue Aug 20, 2013 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Affordable Care Act] ACA Surcharge: Effect on AMT?
Replies: 10
Views: 1615

[Left in bad situation] by Comcast

A few months ago, our Comcast phone service got cut off, no dial tone. Contacted Comcast, they said they got a port request and they ported my number to AT&T. Funny thing is, we never knew of or authorized any such request. I called our number to talk to the guy who now owns my number. He said h...
by Biil McNeal
Tue Aug 20, 2013 11:47 am
 
Forum: Personal Consumer Issues
Topic: [Left in bad situation] by Comcast
Replies: 19
Views: 2618

Re: [Affordable Care Act] ACA Surcharge: Effect on AMT?

Thanks tfb. So the 3.8% unearned income surtax will hit everyone above $250,000, regardless of AMT status.
by Biil McNeal
Mon Aug 19, 2013 4:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Affordable Care Act] ACA Surcharge: Effect on AMT?
Replies: 10
Views: 1615

Re: I soooo want to pile in large here...

If you buy, post about it here. There are probably other investors here considering the same trade based on your reasoning.
by Biil McNeal
Mon Aug 19, 2013 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: I soooo want to pile in large here...
Replies: 53
Views: 6071

Re: I soooo want to pile in large here...

LondonJimmy wrote:Re gold, the demand for physical is very high. Speculators, hedgefunds etc have all sold this market down.


Why Barrick over other produces like Freeport?
by Biil McNeal
Mon Aug 19, 2013 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: I soooo want to pile in large here...
Replies: 53
Views: 6071

Re: Municipal Bonds - Pro's and Con's

For the small investor, buying individual munis is usually not worth it. If you really want to try it, I'd recommend new issues only, AAA or AA quality, and short to intermediate term. Artsdoctor What is your definition of "small?" Less than $500,000? Also, what is the advantage of indivi...
by Biil McNeal
Sat Aug 17, 2013 1:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Municipal Bonds - Pro's and Con's
Replies: 28
Views: 3464

Re: Minimizing Gift Tax

Thanks for the link. I'm not an estate attorney and don't quite understand it fully. Is the "reciprocal trust doctrine" applicable to regular cash gifts such that it prevents the scenario I described?
by Biil McNeal
Tue May 28, 2013 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing Gift Tax
Replies: 7
Views: 1043

Minimizing Gift Tax

Gift tax exclusion is $14,000 this year. Let's say you have two couples, each with two kids. Can each parent gift each of the children of the other couple to increase wealth transfer not subject to gift tax? Example: Couple A and B, have kids 1 and 2. C and D have 3 and 4. Normally A and B can give ...
by Biil McNeal
Tue May 28, 2013 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing Gift Tax
Replies: 7
Views: 1043

Re: Estate planning attorney in Orlando

Sent you a referral by PM.
by Biil McNeal
Sat May 18, 2013 9:16 pm
 
Forum: Personal Consumer Issues
Topic: Estate planning attorney in Orlando
Replies: 3
Views: 390

Re: [Affordable Care Act] ACA Surcharge: Effect on AMT?

Have rules been released that clarify if the 3.8% surcharge is absorbed by people paying AMT (so they pay less AMT) or do both regular and AMT increase?
by Biil McNeal
Sun May 12, 2013 12:27 am
 
Forum: Investing - Help with Personal Investments
Topic: [Affordable Care Act] ACA Surcharge: Effect on AMT?
Replies: 10
Views: 1615

Management Scenario

Hypothetical management situation. Scenario A (for the poll): You are a middle manager in a small organization. Your bosses in the C-suite executive team want you to raise your division's performance from 60% to 70% in the next quarter. Change is hard, but you find some simple improvements to get to...
by Biil McNeal
Wed May 08, 2013 12:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Management Scenario
Replies: 5
Views: 547
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