Search found 505 matches

by Hayden
Fri Jul 31, 2015 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Priorities
Replies: 46
Views: 3306

Re: Priorities

Thank you for sharing. I'm one of those workaholics who needs these types of reminders.
by Hayden
Thu Jul 30, 2015 7:46 pm
Forum: Personal Consumer Issues
Topic: Advice on two houses
Replies: 7
Views: 585

Re: Advice on two houses

If it were me, I'd move half my stuff out. I think a house that is staged with a small amount of furnishings looks better than an empty house or a full house. For example, remove half the stuff from your closets to give the appearance of lots of storage space. Remove stuff that shows your personalit...
by Hayden
Sun Jul 26, 2015 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1786

Re: Unequal estimated tax payments

When computing quarterly estimated tax payments, income on a K-1 is considered earned evenly throughout the year, unless you receive information from the entity indicating uneven income. The income is taxable to the LLC member when earned by the entity, not when the cash is distributed to the indiv...
by Hayden
Sat Jul 25, 2015 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1786

Re: Unequal estimated tax payments

Thanks for all of the responses. Neither safe harbor nor withholding help me, because i am (almost) retired, income is less this year than last year, and i may not receive any more paychecks this calendar year. So i'll do Form 2210. As you point out, more details are needed. With a lower tax bracke...
by Hayden
Sat Jul 25, 2015 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1786

Re: Unequal estimated tax payments

How does a K1 impact estimated taxes? In your case I would think you'll have a fairly good idea when the funds are disbursed as to the tax impact. But you may not see the K1 until next March - April. What if the are "surprises" on the K1, for example unexpected depreciation recapture? Doe...
by Hayden
Sat Jul 25, 2015 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1786

Re: Unequal estimated tax payments

When you submit your 2015 taxes include a note explaining why your estimated tax payments were lower in the first two quarters of the year. My husband has a part-time consulting business on top of his regular job and we have done this in many years when he has unexpectedly earned extra money in the...
by Hayden
Sat Jul 25, 2015 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1786

Re: Unequal estimated tax payments

As has been suggested, the underpayment penalties are often small enough that it is more expensive in time and headache to try to figure out the rules than to just pay it. I believe my penalty two years ago was around $45 because I did not meet safe harbors and did not bother to pay any estimated t...
by Hayden
Sat Jul 25, 2015 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1786

Re: Unequal estimated tax payments

This is surprisingly complex. A full answer requires detailed knowledge of the rules or details of your situation you did not give. There are at least some circumstances where making a small payment immediately will reduce the penalty. First of all check which safe harbor you used to calculate your...
by Hayden
Fri Jul 24, 2015 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 25
Views: 1786

Unequal estimated tax payments

Just sold a rental property. This wasn’t anticipated when I scheduled my estimated tax payments for the year, so the quarterly estimated tax payments I scheduled in EFTPS are too low. Making up the difference through payroll withholding is not an option. I need to pay more for the 3rd quarter paymen...
by Hayden
Fri Jul 24, 2015 11:22 am
Forum: Personal Consumer Issues
Topic: Downsize, Reduce, Simplify.
Replies: 93
Views: 15830

Re: Downsize, Reduce, Simplify.

Anyone hire someone to help with this? We have gotten rid of the easy stuff, and are now down to difficult decisions like grandmother's beautiful china cabinet that is lovely but serves no purpose. And the beautiful old China that we never use. I am thinking about hiring a decorator to help us in th...
by Hayden
Wed Jul 22, 2015 11:34 am
Forum: Personal Finance (Not Investing)
Topic: What are your financial goals?
Replies: 41
Views: 4059

Re: What are your financial goals?

I'm one of those people who over saves and has a hard time spending money. My goal is to have enough money that I don't think twice about health related expenditures (go to doctor whenever I want even though my high deductible plan means I pay out of pocket; buy organic; pay for gym membership). I a...
by Hayden
Tue Jul 21, 2015 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best practices for business account security
Replies: 2
Views: 228

Re: Best practices for business account security

I have two small businesses, each with a bank account with six figures. I am very concerned about the lack of security protections for business accounts. The banks in question do not have two factor authentication. It seems that if someone drains a business account, the business can't do much (the ...
by Hayden
Tue Jul 21, 2015 11:55 am
Forum: Personal Consumer Issues
Topic: Running Windows 7 on new Windows 10 computer?
Replies: 18
Views: 1159

Re: Running Windows 7 on new Windows 10 computer?

The upgrade process is very smooth I've done probably around 25 upgrades between Windows 10 Insider builds. With that said, The Surfaces will be running Windows 10 July 29 if you buy it so it's not a long wait. I don't think any machine I upgraded the OS worked properly afterwards due to driver iss...
by Hayden
Tue Jul 21, 2015 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Best practices for business account security
Replies: 2
Views: 228

Best practices for business account security

I have two small businesses, each with a bank account with six figures. I am very concerned about the lack of security protections for business accounts. The banks in question do not have two factor authentication. It seems that if someone drains a business account, the business can't do much (the p...
by Hayden
Tue Jul 21, 2015 10:24 am
Forum: Personal Consumer Issues
Topic: Running Windows 7 on new Windows 10 computer?
Replies: 18
Views: 1159

Re: Running Windows 7 on new Windows 10 computer?

Thank you all for the responses. I now know I have options to deal with this, so I don't need to delay my purchase of the Surface Pro.

Now I'm wondering, would you buy the Windows 8 machine today and upgrade to Wimdows 10, or wait until they ship Windows 10 machines?
by Hayden
Mon Jul 20, 2015 3:21 pm
Forum: Personal Consumer Issues
Topic: Running Windows 7 on new Windows 10 computer?
Replies: 18
Views: 1159

Re: Running Windows 7 on new Windows 10 computer?

JustinCC wrote:I would contact the vendor what is the name of the software?



It's accounting software from Deltek. Since I am winding down the company (no longer have employees), i stopped paying Deltek for support/maintenance.
by Hayden
Mon Jul 20, 2015 3:05 pm
Forum: Personal Consumer Issues
Topic: Running Windows 7 on new Windows 10 computer?
Replies: 18
Views: 1159

Re: Running Windows 7 on new Windows 10 computer?

I run a Surface Pro 3 running Windows 10 and it's great (Note: I am a bit biased since I work for Microsoft though :)). How do you know that your apps won't work on Windows 10. In reality, it's pretty rare that an app the works on Windows 7 won't work on Windows 8 or Windows 10. Also, if you want t...
by Hayden
Mon Jul 20, 2015 2:50 pm
Forum: Personal Consumer Issues
Topic: Running Windows 7 on new Windows 10 computer?
Replies: 18
Views: 1159

Running Windows 7 on new Windows 10 computer?

I want to replace my old desktop with a Microsoft Surface Pro. The problem is that I have some old software that I use for my business that runs on Windows 7. The business is winding down, so it doesn’t make sense to buy the new version of the software (the software is quite expensive). Would it mak...
by Hayden
Mon Jul 20, 2015 11:03 am
Forum: Personal Consumer Issues
Topic: Do you hate your vehicle infotainment system?
Replies: 73
Views: 5925

Re: Do you hate your vehicle infotainment system?

We just bought a car, and this was a huge factor for us. We bought the Hyundai Genesis, in part, because of its great electronics. We wanted a car that sincs well with the phone and navigates using Google Maps.
by Hayden
Fri Jul 17, 2015 9:48 am
Forum: Personal Finance (Not Investing)
Topic: File-and-suspend application
Replies: 10
Views: 549

Re: File-and-suspend application

Similar experience here. Based on what I learned on Bogleheads, I advised a friend to file and suspend. He walked into the SS office to do it. They told him that since he is single, there is no reason to file and suspend. He did his best to explain about the ability to get retroactive benefits. They...
by Hayden
Tue Jul 14, 2015 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Concierge Care
Replies: 36
Views: 3388

Re: Concierge Care

My complaint with my PCP is that it is really hard to get an appointment. So I would ask whether it will be easy to get an appointment under concierge care.
by Hayden
Tue Jul 14, 2015 6:43 pm
Forum: Personal Consumer Issues
Topic: Do i need to save old credit reports?
Replies: 7
Views: 762

Do i need to save old credit reports?

I just went through the process of ordering credit reports online. They ask questions about past phone numbers, addresses, mortgage payment amounts, etc. I went through the same thing registering for online access with State Farm. Do they pull these questions from just my current credit report file?...
by Hayden
Tue Jul 14, 2015 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on switching from FT to contracting (software engineering)
Replies: 9
Views: 757

Re: Tips on switching from FT to contracting (software engineering)

Find out if your megacorp uses a staffing firm and go talk to the owner. Some of these staffing firms are run by very experienced and well connected individuals. They will have seen your situation many times before and will be able to offer valuable insights.
by Hayden
Sat Jul 11, 2015 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: A Career in Golf?
Replies: 22
Views: 2448

Re: A Career in Golf?

From the sounds of it, perhaps I should mention a career selling Callaway or similar.... thank you for the website mention, I've sent it to him. Not sure if you were referring in part to my mention of a "business/sales" career instead of a golf pro career, but what I meant was, get a care...
by Hayden
Fri Jul 03, 2015 8:59 am
Forum: Personal Consumer Issues
Topic: Learning Spanish
Replies: 62
Views: 5085

Re: Learning Spanish

I've been using Duolingo and I really enjoy it. It's a free app, so it's easy to give it a try and see if it works for you.
by Hayden
Thu Jul 02, 2015 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for real estate llc?
Replies: 9
Views: 609

Re: Solo 401k for real estate llc?

I had a similar setup and was never able to do a retirement plan for the real estate LLC. Take a look at the rules on related companies. I believe, in a nutshell, if the ownership of the companies is the same, and you set up a retirement plan in one, you have to apply it to the employees of the othe...
by Hayden
Sun Jun 28, 2015 9:16 am
Forum: Personal Consumer Issues
Topic: Three devices = redundancy
Replies: 36
Views: 5099

Re: Three devices = redundancy

I've been wrestling with this same issue. I've decided to get the Microsoft Surface. Just need to decide whether to get the new one due out in a couple months, or one of the current ones.
by Hayden
Fri Jun 26, 2015 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring sites for e Verification and another state work
Replies: 3
Views: 402

Re: Hiring sites for e Verification and another state work

I'm not an expert, but since no one else has responded i'll take a stab and someone can correct me if I'm wrong. I would interpret Hiring Site as the location of the hiring manager, personnel files, etc. I assume that is your location. I've hired employees in several different states, and getting se...
by Hayden
Fri Jun 26, 2015 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: What credit should you get? (Ask me anything)
Replies: 52
Views: 7707

Re: What credit should you get? (Ask me anything)

Currently both my personal card and my business card are Costco Amex On my personal Amex card, I charge health insurance, haircuts, and other miscellaneous expenses. about $600/month Business Amex card is various fees, insurance, restaurants, travel. About $5000/year travel; $5000/year computer purc...
by Hayden
Mon Jun 22, 2015 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Role of annuities in low SWR situations
Replies: 29
Views: 3499

Re: Role of annuities in low SWR situations

I'm surprised at all the negative responses here. I've been thinking about this question for my own family. Older family member, outstanding health, every reason to believe he will live to 100. I think his quality of life will be improved by having money magically appear in the account every month. ...
by Hayden
Sun Jun 21, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Issuing a single $590 payment to avoid 1099 reporting
Replies: 13
Views: 1803

Re: Issuing a single $590 payment to avoid 1099 reporting

Personally I don't think there is anything unethical about following the letter of the law. But, having recently been through a State audit, I'll throw out another issue. My auditor was checking that every vendor had a business license. Fortunately, I did have a business license on file for each of ...
by Hayden
Sun Jun 21, 2015 11:26 am
Forum: Personal Consumer Issues
Topic: Banff & Jasper with 1.5-yr old daughter.
Replies: 24
Views: 3607

Re: Banff & Jasper with 1.5-yr old daughter.

The visitor center will give you a wonderful map that lists all the stops along the way from Lake Louise to Jasper. They are NOT well marked on the road, and it is easy to miss them without the map. You set your odometer to 0 at Lake Louise, and then use the map from the visitor center to figure out...
by Hayden
Sun Jun 21, 2015 11:04 am
Forum: Personal Consumer Issues
Topic: [Traveling to] Croatia
Replies: 44
Views: 4343

Re: Croatia

I was in Croatia recently and loved it. Visited many of the places mentioned. Let me just say that Dubrovnik is very touristy. Think Disneyland. Definitely worth a visit, but you definitely want to visit other places as well. Check out Korcula, Split. Every place was terrific. We had a fabulous time...
by Hayden
Sat Jun 20, 2015 11:05 am
Forum: Personal Finance (Not Investing)
Topic: is it better to work for small company rather than big firm?
Replies: 36
Views: 4975

Re: is it better to work for small company rather than big firm?

For some that's an advantage, for others it's a hindrance. Also it's difficult to change departments without changing companies when you're small, the financial rewards and benefits are much smaller, and you learn less overall. Ok, off my soapbox now. Not in my experience. I switched from a tech me...
by Hayden
Fri Jun 19, 2015 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Payroll tax v.s IRA/401(k)
Replies: 10
Views: 1186

Re: Payroll tax v.s IRA/401(k)

To respond to the first response, here is my situation. Sorry it was not clear in the first place. 1. The LLC is elected as S corp and contains passive real estates. 2, There is an option that my wife can be a real estate professional and thus make the income active and pay herself a salary. 3. My ...
by Hayden
Wed Jun 17, 2015 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Going Part time
Replies: 18
Views: 2391

Re: Going Part time

I hire retired people who want to work part time. There are several different models. One works every morning, so that he is free to play golf every afternoon. Others work two or three days a week, giving them a very long weekend. Some take lots of vacations, so are gone for a week or two weeks ever...
by Hayden
Tue Jun 16, 2015 10:23 am
Forum: Personal Consumer Issues
Topic: Most Beautiful Nature Destinations
Replies: 50
Views: 6430

Re: Most Beautiful Nature Destinations

The drive from Banff to Jasper is spectacular. I loved my visit to that area.
by Hayden
Tue Jun 16, 2015 10:20 am
Forum: Personal Finance (Not Investing)
Topic: is it better to work for small company rather than big firm?
Replies: 36
Views: 4975

Re: is it better to work for small company rather than big firm?

Lots of good points here. I would emphasize that it depends on the individual. I have seen some people thrive and others be miserable and flounder, at the same small business. For example, some people want structure and established procedures for everything; others love being able to create things t...
by Hayden
Fri Jun 05, 2015 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Does too high initial house asking price kill chance at selling house?
Replies: 50
Views: 4904

Re: Does too high initial house asking price kill chance at selling house?

In my area, there is a real problem with low appraisals. People aren't selling because the appraisals are coming in so low. Here's my personal case. I put a house on the market, got three offers within two days. Accepted the cleanest full price offer. We are scheduled to close in less than a week, ...
by Hayden
Fri Jun 05, 2015 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Does too high initial house asking price kill chance at selling house?
Replies: 50
Views: 4904

Re: Does too high initial house asking price kill chance at selling house?

In my area, there is a real problem with low appraisals. People aren't selling because the appraisals are coming in so low. Here's my personal case. I put a house on the market, got three offers within two days. Accepted the cleanest full price offer. We are scheduled to close in less than a week, a...
by Hayden
Fri Jun 05, 2015 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Steps to Close a Company
Replies: 5
Views: 785

Re: Steps to Close a Company

Bumping one time to see if any attorneys or accountants will weigh in.
by Hayden
Fri Jun 05, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Self-employment / small business - investing options
Replies: 4
Views: 496

Re: Self-employment / small business - investing options

In my personal case, after 15 years in business, I am now painfully aware that I have overpaid my taxes by several hundred thousand dollars because my company was not set up optimally. What I would do in your situation is this. Pay for professional advice, perhaps from two different people. Then pos...
by Hayden
Fri Jun 05, 2015 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Keys to making self employment worth it.
Replies: 11
Views: 1977

Re: Keys to making self employment worth it.

Even though you are in an income tax free state, you may still have to pay state taxes. I live in an income tax free state, and I am required to file and pay state taxes each month. States have a variety of taxes; you'll want to research the situation in your particular state for your particular ind...
by Hayden
Wed Jun 03, 2015 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: "free" identity theft protection deal
Replies: 15
Views: 1293

Re: "free" identity theft protection deal

I've had lots of breaches of my data, so I've been under this free coverage for quite a while. When I got A letter a few months ago, I called ProtectMyID and they explained that the level of service purchased by the new company was lower than the level of service I currently have. So they recommende...
by Hayden
Wed Jun 03, 2015 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Steps to Close a Company
Replies: 5
Views: 785

Steps to Close a Company

Finally sold my last rental property (yea!) so can now shut down the rental company. It is an LLC filing Form 1065 with three Members. I am looking for advice on the process to close the company. Here is what I plan. Please let me know what I’ve missed, and if I have things in the wrong order: - Pay...
by Hayden
Wed Jun 03, 2015 10:53 am
Forum: Personal Consumer Issues
Topic: Perpetual Travelling
Replies: 73
Views: 10124

Re: Perpetual Travelling

Great thread. I'm planning to do this starting next winter. I've already booked an apartment in Spain for two months. I've been worried about banking, doing my taxes, running my business, while I'm out of the country. Has anyone had any issues with this?
by Hayden
Sat May 30, 2015 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to Estimate Nonresident Taxes in Multiple States
Replies: 3
Views: 391

Re: How to Estimate Nonresident Taxes in Multiple States

I had a bad experience with Turbotax doing my 2014 taxes. Turbotax calculated a number for the nonresident state that made no sense to me. So I downloaded the state tax bulletin and worked through it myself. It showed 0 tax due. Turbotax said I owed thousands. So I called the State and went through ...
by Hayden
Tue May 26, 2015 8:25 am
Forum: Personal Consumer Issues
Topic: Kitchen Remodeling and Microwave Food
Replies: 30
Views: 2005

Re: Kitchen Remodeling and Microwave Food

CountryBoy wrote:
Uncle Ben's Ready Rice, cooks in 90 seconds, lots of flavors


We do eat rice often, so with a MW do I buy instant rice? 90secs. is pretty fast.


How about buying a rice cooker. They are easy, and you can use it to make rice, oatmeal, quinoa, and other stuff.
by Hayden
Mon May 25, 2015 3:58 pm
Forum: Personal Consumer Issues
Topic: Just bought new car, should I buy extended warranty?
Replies: 29
Views: 1774

Re: Just bought new car, should I buy extended warranty?

You already have a five year base warranty and their power-train warranty goes for ten year which would cover most other large repairs. https://www.hyundaiusa.com/assurance/america-best-warranty.aspx If something like the AC needs to be be repaired after five years it is likely it would cost less t...

Go to advanced search