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Re: I'm on a mission for more security

I've been going through the same thought process. I've set up 2 factor authentication on my Fidelity account, and I'm going to start using them as my checking account. I don't trust the security of my little credit union. What causes you to doubt the security of your credit union? Financial institu...
by Hayden
Tue Apr 15, 2014 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm on a mission for more security
Replies: 15
Views: 1513

Re: I'm on a mission for more security

I've been going through the same thought process. I've set up 2 factor authentication on my Fidelity account, and I'm going to start using them as my checking account. I don't trust the security of my little credit union. I think, for me, the biggest weakness is my email. My company uses Hostway for...
by Hayden
Tue Apr 15, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm on a mission for more security
Replies: 15
Views: 1513

Re: Anyone use Fidelity as their bank account?

Thanks for all the feedback. I am going to set it up. Seems like it does everything I need it to do, and I feel more confident in Fidelity's security than in my little credit union's security. thanks
by Hayden
Tue Apr 15, 2014 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Fidelity as their bank account?
Replies: 27
Views: 1696

Re: How far in advance to look for rental house or apt?

This probably depends on the local market. It seems to me that a place that is for rent is for rent immediately. I would not do the advance trip.
by Hayden
Tue Apr 15, 2014 10:37 am
 
Forum: Personal Consumer Issues
Topic: Moving to Reno: When to look for a rental?"
Replies: 12
Views: 571

Anyone use Fidelity as their bank account?

I have a lot of accounts. I want to simplify, and get rid of some. I just set up 2 factor authentication on my Fidelity account. I'm pleased that they offer that. I've been looking at their cash management features, and wondering if I should give up my credit union checking account and use Fidelity ...
by Hayden
Tue Apr 15, 2014 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Fidelity as their bank account?
Replies: 27
Views: 1696

Re: Wife to work as a Contractor - Advice needed

Been contracting for over 7 years....most likely its not the MegaCorp that is lowballing her but the recruiting company that placed her there. MegaCorp is probably paying Recruiting Company somewhere around $60/hr or more. The recruiting company's take is usually about 2x. When I was contracting in...
by Hayden
Mon Apr 14, 2014 9:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife to work as a Contractor - Advice needed
Replies: 30
Views: 1998

Re: Another Salary Negotiation Post...(Total Compensation)

Can't hurt to ask. In my company, employees can receive cash in lieu of fringe benefits.
by Hayden
Fri Mar 28, 2014 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Salary Negotiation Post...(Total Compensation)
Replies: 4
Views: 677

Re: Please help with current job situation

Here are some questions to ask: When does the current contract period end. Are there options to extend the contract? What does this company do when contracts end? Some work very hard to find other work for employees within the company (although that may mean relocation), other companies lay everyone...
by Hayden
Mon Mar 17, 2014 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Switch Companies?
Replies: 21
Views: 1295

Re: S corp auto expenses question

I am not an accountant When my employees drive their personal cars for work, they submit a mileage reimbursement form and are reimbursed at the standard mileage rate. Since you are an employee of the company, driving your personal car for work, seems like it would be the same thing. Maybe one of the...
by Hayden
Fri Mar 14, 2014 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: S corp auto expenses question
Replies: 3
Views: 304

Re: Alternatives to paying full real estate commissions?

I don't know anything about real estate but, as a business owner, I would much rather pay a higher wage for an outstanding employee than pay an average wage for a mediocre employee. I've always applied the same logic to real estate: pay the requested % and expect outstanding performance. For those o...
by Hayden
Tue Mar 11, 2014 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Alternatives to paying full real estate commissions?
Replies: 31
Views: 2438

Re: House going to auction. Should I make offer?

Draak: sorry for partial quoting you. I'm doing this from my phone, and I'm not so adept at it. I appreciate your help.
by Hayden
Sun Mar 09, 2014 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: House going to auction. Should I make offer?

If the bank already owns the property, you would be able to see that in the public record recordings for your county. Some are on line & some you have to actually go to the courthouse/public records office to get the documents. You would also be able to see the bank's foreclosure filings and wh...
by Hayden
Sun Mar 09, 2014 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: House going to auction. Should I make offer?

Btenny: thanks for the thoughtful comments. My biggest worry re the price is that I own another house, that I will need to sell. My realtor assures me that my house will sell by the end of the summer. He is confident, but, houses here take a long time to sell. So, I could end up selling this house f...
by Hayden
Sun Mar 09, 2014 1:36 am
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: House going to auction. Should I make offer?

The house is not listed on auction.com. Foreclosures.com is the only place I've seen the auction listed. Zillow and Trulia show it as for sale, with no mention of foreclosure. The whole thing seems strange to me. If you were auctioning something off, wouldn't you want people to know about the auctio...
by Hayden
Sun Mar 09, 2014 1:26 am
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: House going to auction. Should I make offer?

Thank you for the responses. Grt2boutdoors, let me try to answer your questions. Nothing has sold in the past 6 months in this neighborhood. I asked my realtor why this property hasn't sold. He said that in this price range, there is a seven year backlog of homes. What is the minimum bid at auction?...
by Hayden
Sat Mar 08, 2014 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: Customer service - Vanguard vs Fidelity

I have accounts at both. My experience is that customer service is far better at Fidelity.
by Hayden
Sat Mar 08, 2014 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: Customer service - Vanguard vs Fidelity
Replies: 80
Views: 6543

House going to auction. Should I make offer?

Last summer we saw a house we liked. Didn't make an offer because it was bigger than we wanted, and they were asking $1m. Realtor just called us to say the house is going to auction on Friday March 14. He is recommending we make a cash offer today for $700 k. We don't know anything about the auction...
by Hayden
Sat Mar 08, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: House going to auction. Should I make offer?
Replies: 25
Views: 1688

Re: Switching from Full-Time Career to Contractor - Pros/Con

I would caution you that this is very industry dependent. For example, the numbers dstac cites for his industry are very different from the numbers in my industry. You need to figure out the situation in your industry.
by Hayden
Thu Mar 06, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Switching from Full-Time Career to Contractor - Pros/Cons?
Replies: 14
Views: 781

Re: Small Cap Tilting

I own a small business. Does that count?
by Hayden
Wed Mar 05, 2014 10:49 am
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 6089

Re: Cutting cell phone expenses

Walked into Costco to shop and they were having a big promotion on phones. For us, the network is the thing, so we switched to Verizon. The person working the kiosk told us that we could sell our current phones on Craigslist for more than the early termination fee from our old carrier (sprint). The ...
by Hayden
Wed Mar 05, 2014 10:48 am
 
Forum: Personal Consumer Issues
Topic: Cutting cell phone expenses
Replies: 20
Views: 1784

Re: Form 8960, NIIT, investment expenses

HueyLD: Thank you for the explanation. The home is strictly for personal use, so I will forget about it for the purposes of NIIT.

At this point I'm just going to wait until March 6th, the date TurboTax says they will have the new instructions programmed.
by Hayden
Tue Mar 04, 2014 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Form 8960, NIIT, investment expenses
Replies: 5
Views: 272

Re: Question for Oenophiles!

IMHO, there is no difference in taste.
There may be a difference in presentation, however. One solution to this is to buy a nice carafe and put a box wine in it.
by Hayden
Tue Mar 04, 2014 3:59 pm
 
Forum: Personal Consumer Issues
Topic: Question for Oenophiles!
Replies: 19
Views: 1230

Re: Form 8960, NIIT, investment expenses

HouseStark, thank you for the info. I'll go read that. I was thinking of an article I read that said that people were getting hit with the NIIT on the sale of their personal residences if the gain exceeded the $250k exclusion (or zero exclusion for a second home). The point of the article was that e...
by Hayden
Tue Mar 04, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Form 8960, NIIT, investment expenses
Replies: 5
Views: 272

Re: W2vs1099-please advise

I'm not sure I understand. After 3 months they will hire you as a w2 employee in either case?
by Hayden
Tue Mar 04, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: W2vs1099-please advise
Replies: 12
Views: 334

Form 8960, NIIT, investment expenses

This new Form 8960 is complicated. If I have a second home (vacation home), are the real estate taxes investment expenses that are deductible on form 8960? I got to thinking about this because when I sell the house, the capital gain will be subject to NIIT. So, shouldn't the expenses be deductible f...
by Hayden
Tue Mar 04, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Form 8960, NIIT, investment expenses
Replies: 5
Views: 272

Re: Form 8960

The IRS released the form instructions on Thursday. According to Turbotax, they will have the program updated by the middle of next week (approx March 6). See this thread from Turbotax where they have been posting info: https://ttlc.intuit.com/questions/2269484-why-is-form-8960-not-ready-in-turbotax...
by Hayden
Sat Mar 01, 2014 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Form 8960
Replies: 4
Views: 326

Re: TurboTax and Form 8960

The long awaited instructions for Form 8960 have been released!

http://www.irs.gov/instructions/i8960/index.html
by Hayden
Fri Feb 28, 2014 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax and Form 8960
Replies: 9
Views: 1056

Deduction for cash donations without receipts

I have gotten fed up with all the mail solicitations from charitable groups. It seems like if I give a group $20, they spend twice that sending me mailings asking for more money. And, they sell my name. So my mail box is filled with solicitations. So, I decided to only donate cash anonymously. (E.g....
by Hayden
Tue Feb 25, 2014 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Deduction for cash donations without receipts
Replies: 8
Views: 764

Re: TurboTax and Form 8960

I personally am waiting. I don't want to have to submit an amended return. I don't understand why the rant is aimed at Turbotax. I think the issue is that the IRS has not issued the final instructions, and the final instructions will be different from the draft instructions. I have carefully avoided...
by Hayden
Tue Feb 25, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax and Form 8960
Replies: 9
Views: 1056

Re: Turbo Tax Bug: Self employed insurace deduction

I use Turbotax. It asks me for this amount when I enter my K-1. Then it puts it on the 1040
by Hayden
Sun Feb 23, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Bug: Self employed insurace deduction
Replies: 7
Views: 470

Re: Your strategies, decisions, actions - Retirement 5 years

For my entire adult life, where I lived was determined by my job. As I approach retirement, I realize I can live anywhere. I have been researching places all over the world. Recently I read an article on unusual retirement communities and it mentioned that many universities are associated with retir...
by Hayden
Sun Feb 23, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your strategies, decisions, actions - Retirement 5 years out
Replies: 19
Views: 1925

Re: Do i need a new cpa?

I've been wrestling with this same question myself. In my case, I don't think there's much point in moving from one general purpose CPA to another general purpose CPA. When I make the move, it will be to a CPA that specializes in my situation. That same reasoning may apply to you as well.
by Hayden
Sat Feb 22, 2014 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do i need a new cpa?
Replies: 10
Views: 1106

Re: Form 8960 NIIT, real estate company

I just entered my K-1 in TurboTax Online Premier, and then went through the payment process so that I could view the tax return. The Form 8960 is NOT there. I guess I need to wait until the 27th. The article I read says that the IRS regulations allow a taxpayer a one-time opportunity to regroup mult...
by Hayden
Thu Feb 20, 2014 4:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Form 8960 NIIT, real estate company
Replies: 9
Views: 388

Re: Form 8960 NIIT, real estate company

I don't know either, but I did notice this: This document contains proposed regulations under section 1411 of the Internal Revenue Code (Code). ... Comments on this proposed rule must be received by March 3, 2014. This is a proposed rule, not a final rule. Here is the federal register version as pu...
by Hayden
Thu Feb 20, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Form 8960 NIIT, real estate company
Replies: 9
Views: 388

Re: Form 8960 NIIT, real estate company

Sorry, here's a link to an article: http://www.cliftonlarsonallen.com/PrivateClient/Tax/38-Percent-Net-Investment-Income-Tax-NIIT-May-Help-High-Income-Earners.aspx The regulations were published on December 2, 2013. Here's the link to the regulations: https://s3.amazonaws.com/public-inspection.feder...
by Hayden
Thu Feb 20, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Form 8960 NIIT, real estate company
Replies: 9
Views: 388

Form 8960 NIIT, real estate company

I'm trying to figure out how the 3.8% Net Investment Income Tax applies to me. It appears that some IRS regulations issued in late November changed how I thought this would be applied. I have two companies: engineering (Form 1120S) and real estate (Form 1065). I receive a K-1 from each. In the past,...
by Hayden
Thu Feb 20, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Form 8960 NIIT, real estate company
Replies: 9
Views: 388

Re: Visiting NYC (New York City)

We went to the tenement museum last time we were there. I highly recommend it.
by Hayden
Fri Jan 31, 2014 9:16 pm
 
Forum: Personal Consumer Issues
Topic: Visiting NYC (New York City)
Replies: 31
Views: 1578

Re: Small business health insurance post-Obamacare

My company has always offered health insurance. This has always chewed up a huge amount of my time. I am at a point in life where time is a bigger consideration than money. For 2014, I stopped offering company health insurance. I am giving all my employes taxable wages in lieu. They are all happy wi...
by Hayden
Thu Jan 30, 2014 10:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Small business health insurance post-Obamacare
Replies: 10
Views: 697

Re: Expatriation or International Snowbirding

How do people deal with mail while on extended travel? A friend just returned from an extended trip to learn that his mail had been returned to sender with a notation that he had moved with no forwarding address provided. One of the utility companies was kind enough to call him and tell him that the...
by Hayden
Thu Jan 30, 2014 10:42 am
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

Re: Expatriation or International Snowbirding

We plan to spend each winter in a different country, Costa Rica, Spain, Portugal, etc. We also read International Living for a while, but eventually got tired of all the marketing (particularly some terrible financial products). We are currently searching for our retirement home in the US, and one o...
by Hayden
Tue Jan 28, 2014 11:29 am
 
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 3282

Re: Color laser multi function printer recommendation

Sorry, I should have mentioned, mine is B&W, so I can't help with color models
by Hayden
Sat Jan 25, 2014 3:43 pm
 
Forum: Personal Consumer Issues
Topic: Color laser multi function printer recommendation
Replies: 12
Views: 504

Re: Color laser multi function printer recommendation

I bought a Brother multi function machine, and have been extremely happy with it. My machine has an outstanding auto document feeder, so I can easily scan large documents (for record retention purposes). I have found this to be very useful, and would not purchase a machine without this feature. FWIW...
by Hayden
Sat Jan 25, 2014 3:25 pm
 
Forum: Personal Consumer Issues
Topic: Color laser multi function printer recommendation
Replies: 12
Views: 504

Re: Help an old dude

I've been working to get out of rental real estate as I look to retirement, so I can't relate. Have you thought about the PenFed CDs for some of your cash?
by Hayden
Sat Jan 25, 2014 2:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help an old dude
Replies: 15
Views: 1668

Re: Opening a P.O. Box for a soon-to-be created LLC

I make no effort to hide my home address ( it's freely available in 100s of places), but, i love my PO box. My company has moved many times over the past 14 years (due to growth, changing clients, etc), and having all the mail going to the PO Box has immensely simplified those moves.
by Hayden
Sat Jan 25, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Opening a P.O. Box for a soon-to-be created LLC
Replies: 6
Views: 446

Re: Deep risk, taxable Ted, and the long-term investor

Great thread, I just finished reading the book, and also highly recommend it. I, too, am looking for a value holding that I will be comfortable holding for a very long time. I am in this situation right now, with some funds I bought over a decade ago. They are not what I would buy today, but the unr...
by Hayden
Sat Jan 25, 2014 12:28 pm
 
Forum: Investing - Theory, News & General
Topic: Deep risk, taxable Ted, and the long-term investor
Replies: 30
Views: 2640

Re: S Corps, health insurance, and ACA

SeattleCPA, again, thank you for raising this issue. I think most S Corp owners have no idea about this. One last wrinkle. What about company contributions to an employee's HSA? Is that thought of as a health insurance payment, which would trigger the non discrimination penalties (SteveKL's scenario...
by Hayden
Thu Jan 23, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: S Corps, health insurance, and ACA
Replies: 16
Views: 1183

S Corps, health insurance, and ACA

Wanted to make S Corp owners aware of a really important issue regarding new health insurance requirements under ACA, as explained in this blog: http://evergreensmallbusiness.com/s-corporations-health-insurance-and-obamacare/ Even if you have fewer than 50 employees, the non-discrimination provision...
by Hayden
Wed Jan 22, 2014 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: S Corps, health insurance, and ACA
Replies: 16
Views: 1183

Re: Anyone familiar with this? Bank asking for info...

On my recommendation, a friend just applied for a credit card from PenFed. They required that he mail them two years of tax returns, including all schedules. I find that excessively intrusive. Would you comply?
by Hayden
Tue Jan 21, 2014 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with this? Bank asking for info...
Replies: 86
Views: 6464

Re: Emergency Fund for Self Employed?

I don't know of any "rules", but I personally keep a lot of cash on hand, enough to fund current operations and to fund growth ( I.e., to take advantage of opportunities that arise).
by Hayden
Tue Jan 21, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund for Self Employed?
Replies: 9
Views: 771

Re: Help tracking work activities?

I wonder if that level of detail is really necessary? Have you talked with your manager about what level of detail they require on the time card? If you're billing your time to clients, it has to be recorded somewhere. Agree. But the OP mentioned recording every call and email. In my industry, we s...
by Hayden
Mon Jan 20, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help tracking work activities?
Replies: 7
Views: 468
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