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Re: Donating Clothing (with Previous Business Deduction)

Of course i claim milage for goodwill donations.
by RabbMD
Mon Apr 14, 2014 9:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating Clothing (with Previous Business Deduction)
Replies: 2
Views: 367

Re: Paying Business Expenses With Credit Card to Get Points

I thought the Barclays arrival only gets 2.2% back when used as a statement credit for admittedly generous defined travel expenses? It is a very good card, but it is not a straight 2.2%.
by RabbMD
Sun Mar 23, 2014 9:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying Business Expenses With Credit Card to Get Points
Replies: 12
Views: 911

Re: Physician FICA return tax implications

And if you are a practicing physican now you likely will have to pay the ACA 3.8% medicare surcharge on investment income over $250,000 MFJ $200,000 single. This of course is the first year this tax has been collected.
by RabbMD
Thu Feb 20, 2014 11:10 am
 
Forum: Personal Consumer Issues
Topic: Physician FICA return tax implications
Replies: 7
Views: 742

Re: FICA tax refund -- SS implications, can I send it back?

My biggest beef is I have to pay taxes on all the interest generated during low marginal rate years (residency) this year (well 2013 taxes) in total. I did not have the option of paying and reporting the interest annually because I didn't get the interest. Of course isn't convenient that I must also...
by RabbMD
Sun Feb 16, 2014 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: FICA tax refund -- SS implications, can I send it back?
Replies: 12
Views: 773

Re: Term life with medical history - best way to ensure cove

I had a surprise rate change on my initial application I googled and found this independent agent who appeared knowledgable about my specific situation. I went through him and told him about my issue. He suggested a recent specialist consult, and found me a great deal only slightly higher than my lo...
by RabbMD
Tue Jan 21, 2014 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life with medical history - best way to ensure coverage
Replies: 12
Views: 582

Re: Cheapest way to move long distance

Budget has always been the best rates for me. I have rented trucks for the standard 4 days for moving trucks from Oklahoma to Texas, Texas to Virginia, Virginia to Boston, and Boston to Maryland. Everytime Budget has been around $300-$500. Gas is on top of that, and I usually do buy the insurance, b...
by RabbMD
Wed Oct 09, 2013 5:31 pm
 
Forum: Personal Consumer Issues
Topic: Cheapest way to move long distance
Replies: 48
Views: 3401

Re: The Incredible Importance of Social Security

SS won't be there in 25 years when I retire. Let's face it, the system is broke. A system that captures 12.4% of nearly all reported wages up to $113,700 (and adjusted annually) is by definition not broke. In 25 years a significant portion of the baby-boomers are going to be dead so for all you kno...
by RabbMD
Sun Sep 15, 2013 6:02 pm
 
Forum: Investing - Theory, News & General
Topic: The Incredible Importance of Social Security
Replies: 97
Views: 10299

Re: VTI / VXUS Dividend

VXUS like a lot of international funds used to only have December one time dividend distributions. However, in 2012 vanguard announced that they would be shifting VXUS to quarterly dividends like their domestic funds. They stated that it would only start in September, thus why 2012 had September and...
by RabbMD
Fri Aug 09, 2013 12:21 pm
 
Forum: Investing - Theory, News & General
Topic: VTI / VXUS Dividend
Replies: 7
Views: 1131

Re: Citibank Thank You card rewards gift cards

Plus if you are talking thankyou points you should be talking the citi forward card. It gets you 5% back on book stores, movies, and restaurants in thankyou points. The kicker is amazon is a bookstore for them. So If I use thankyou points on amazon even on a 1:1 redemption ratio I miss out on that 5...
by RabbMD
Sun Jul 21, 2013 10:49 am
 
Forum: Personal Consumer Issues
Topic: Citibank Thank You card rewards gift cards
Replies: 15
Views: 5123

Re: Transfer of stock to a charity - is this a no brainer?

Calm man... I started this last year, and I agree it is a no brainer. I call it heads I win tails you lose when combined with tax-loss harvesting. So if you have $100,000 in taxable and plan to donate $10,000 a year then you donate anything with a taxable gain at the end of the year (but ideally bef...
by RabbMD
Tue May 28, 2013 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of stock to a charity - is this a no brainer?
Replies: 17
Views: 1018

Re: Emergency Room Visit -- HDHP

If one has a HDHP and negotiates and pays instead of submitting the bill to their insurance, doesn't that mean that the expense does NOT apply to their deductible? If one keeps doing that then they essentially don't have health insurance at all because their deductible will never be met and they wi...
by RabbMD
Wed May 22, 2013 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Room Visit -- HDHP
Replies: 58
Views: 4594

Re: Problem Using Savings Bond Wizard

Investingdad, try uninstalling and the reinstalling the wizard. Its definately buggie at times.
by RabbMD
Thu Mar 28, 2013 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Problem Using Savings Bond Wizard
Replies: 7
Views: 354

Re: Paying AMT poll

The biggest causes of AMT - you live in a high tax state, you own a home that has large property taxes, you are married with dual income, you have children. One or a combination of them will cause you to feel like you've entered the......twilight zone. :shock: :oops: It also makes it so much easier...
by RabbMD
Tue Mar 19, 2013 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Paying AMT poll
Replies: 6
Views: 936

Re: Ending Advisor Relationship & Getting Cost Basis

I think you could ask the advisor to calculate the cost basis for you because you are thinking about selling some bc you need the money, and you want to know what the tax cost would be. Then you could check one of the eight funds yourself to verify his accuracy. Advisors have to do something right? ...
by RabbMD
Tue Mar 19, 2013 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Ending Advisor Relationship & Getting Cost Basis
Replies: 19
Views: 1612

Re: Just finished my 2012 tax return

The bad accountant I used once did not understand uncompensated business expenses for a job search as a 2% agi deduction. The good accountant has made mistakes on passive vs active checkmarks on schedule Es. I occasionally every couple years use the good accountant, but every year I catch mistakes h...
by RabbMD
Tue Mar 05, 2013 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just finished my 2012 tax return
Replies: 20
Views: 2487

Re: questions about 529 plan - asset allocation

http://www.savingforcollege.com/article ... -529-plans

When I checked last year Maryland did not recapture 529 tax breaks for rollovers.
by RabbMD
Mon Mar 04, 2013 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: questions about 529 plan - asset allocation
Replies: 20
Views: 1271

Re: questions about 529 plan - asset allocation

Michaelseig, I am also a Maryland resident, and use the Maryland trowe price plan exclusively for state tax purposes. I just started using the plan for our 1 year old, and am currently 100% total equity. Maryland limits tax deductions to $2500 per donor per beneficiary, and per my non expert interpr...
by RabbMD
Mon Mar 04, 2013 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: questions about 529 plan - asset allocation
Replies: 20
Views: 1271

Re: pay tax on a Federal tax refund if you do not itemize ??

Dickenjb... Its even more complicated than that. If you paid enough amt compared to your refund it is not taxable. You have to use a worksheet with specific 2011 tax info to calculate how much if any your state tax refund from 2011 is countable as taxable 1099g income on your 2012 return. Its possib...
by RabbMD
Mon Mar 04, 2013 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: pay tax on a Federal tax refund if you do not itemize ???
Replies: 11
Views: 1043

Re: target retirement in taxable

I hold individual funds in taxable, but in order to change ones asset allocation one doesnt necessarilly need to sell the target fund. You could just add a new pure bond or stock fund with new money to shift your allocation. But tax loss harvesting and loss of the foreign tax credit would be an issue.
by RabbMD
Sun Feb 03, 2013 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: target retirement in taxable
Replies: 8
Views: 867

Re: CapitalOne Venture One vs Amex Gold Premier cc

Cap one has 0% foreign transaction fee. Amex is like 2.7 right.
by RabbMD
Sun Jan 27, 2013 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: CapitalOne Venture One vs Amex Gold Premier cc
Replies: 4
Views: 678

Re: What are my options after maxing out Roth?

Strange that a company knows each employees exact marginal rate to be able to give a bonus with an after tax value enough for a roth... I guess they could just do a reasonable guess, but someone in phaseouts or married could have vastly different marginal rates than someone single. If they just cont...
by RabbMD
Tue Jan 22, 2013 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: What are my options after maxing out Roth?
Replies: 17
Views: 1454

Re: HSA Bank or Health Savings Administrators?

I have almost $35,000 in my hsa, but it's split. $20,000 is in td ameritrade through hsa bank, and $15,000 is part of my emergency fund, and kept at alliant credit union. I have unused receipts for like $10,000 in medical expenses going back 4 years ready to withdraw from the hsa if needed. I am an ...
by RabbMD
Mon Jan 21, 2013 9:15 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Bank or Health Savings Administrators?
Replies: 33
Views: 4436

Re: American Taxpayers Relief Act of 2012 resources:

The second I saw the reference to 401k conversions to roth 401ks I thought the same thing I am sure many people here thought, "Can I now directly rollover aftertax 401k contributions to a roth?" I am still not sure, but I wonder if an easier loophole to the existing method some people have...
by RabbMD
Wed Jan 02, 2013 9:29 am
 
Forum: Investing - Theory, News & General
Topic: American Taxpayers Relief Act of 2012 resources:
Replies: 103
Views: 7145

Re: Roth IRA Conversion question from young physician

Saw this was reupped. One more thing to consider asking about your new vanguard 401k. We use Employee Fiduciary with vanguard funds because when I changed our S corps 401K from a high few one in 2008ish vanguard was not doing any small 401ks. Vanguard does not allow admiral funds on index funds in 4...
by RabbMD
Thu Dec 27, 2012 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion question from young physician
Replies: 31
Views: 3035

Re: How to compare apples to oranges for 529 plans

Or do both...

Most 529 plans allow rollovers to other states plans right? Im planning on rolling the entirety to another account like utah every 5 years or so, while new contributions go into my t rowe price higher expense maryland plan.
by RabbMD
Wed Dec 19, 2012 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: How to compare apples to oranges for 529 plans
Replies: 6
Views: 533

Re: Is an HSA worth it if it costs more?

Some basics: I’m 37 y/o in good health with no medical problems, and haven’t been to a doctor in 10 or so years. Can I just touch on this quickly? You should really go to the doctor for an annual physical. I can't think of any health plan that doesn't cover annual checkups, because it saves them so...
by RabbMD
Thu Nov 15, 2012 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is an HSA worth it if it costs more?
Replies: 20
Views: 1339

Re: Medical specialty, longer residencies worth it?

I think it would be a huge mistake not to assume that the bottom is going to drop out of salaries for medical professionals over the next 5 to 10 years. There simply is no other way to bring health care costs under control. All the groups will have to give...hospitals, docs, drug companies, device ...
by RabbMD
Sun Oct 07, 2012 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical specialty, longer residencies worth it?
Replies: 55
Views: 6022

Re: Advantages to keeping long-standing credit card?

Having converted many citibank cards, I can confirm that you keep their credit history.
by RabbMD
Sun Aug 19, 2012 7:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advantages to keeping long-standing credit card?
Replies: 9
Views: 1461

Re: putting money aside for next year taxes

Or there is no underpayment penalties if what is witheld is 90% of eventually what is owed in taxes. These are know as safeharbors.
by RabbMD
Fri Aug 17, 2012 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: putting money aside for next year taxes
Replies: 23
Views: 2710

Re: Advantages to keeping long-standing credit card?

Try calling the card issuer of the 15 year old card and "convert" it into a different card that has no annual fee. It doesnt even need to have any rewards, just keeping it sock drawered and using it once per year is enough to keep it open for credit score purposes.
by RabbMD
Fri Aug 17, 2012 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advantages to keeping long-standing credit card?
Replies: 9
Views: 1461

Re: SEP IRA vs. Solo 401K

I thought solo 401k was 25%- self employment tax?
by RabbMD
Tue Aug 14, 2012 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: SEP IRA vs. Solo 401K
Replies: 6
Views: 920

Re: AMT mortgage advantage?

Lh amt marginal tax rates have actually been kinked the last few years. Here is a forbes article that explains it in detail. http://www.forbes.com/sites/feeonlyplanner/2011/12/16/the-alternative-minimum-tax-sweet-spot/ In effect you lose the ability to deduction state income taxes from your federal ...
by RabbMD
Wed Aug 08, 2012 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: AMT mortgage advantage?
Replies: 12
Views: 1401

Re: Hospital costs

The hospitals could make big money, but they are hiring infinite non clinical jacho compliance, pt satisfaction, computer technician, infection control based on limited to minimal evidence at 6 figures for 40 hours/wk
by RabbMD
Thu Jul 05, 2012 12:09 pm
 
Forum: Personal Consumer Issues
Topic: Hospital costs
Replies: 189
Views: 9240

Re: Hospital costs

First, the idea that preventative care saves money is just that, an idea. There is minimal to no scientific evidence this in fact happens. Second, the system is very broken largely thourgh lack of price transperancy. As far as out of network physicians, the government is what is screwing the insured...
by RabbMD
Thu Jul 05, 2012 11:05 am
 
Forum: Personal Consumer Issues
Topic: Hospital costs
Replies: 189
Views: 9240

Re: Quick Property Tax Question

Additionally, amt disallows property tax and state income tax among other deductions it disallows
by RabbMD
Mon Jul 02, 2012 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick Property Tax Question
Replies: 5
Views: 615

Re: AMT tax question

Grabiner, Not sure I understand how non timed allowed amt deductions are worth more in non-amt years? Say one is in amt phase out 35% marginal range. The corresponding rate in non amt calculations is usually 28%-33% marginal for the same taxable income. So it seems that saving at a 35% marginal rate...
by RabbMD
Sat Jun 16, 2012 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: AMT tax question
Replies: 8
Views: 986

Re: Need a good HSA provider

Im trying to get as much of my emergency fund as possible into either i bonds or hsa alliant accounts as possible. To me hsas are the perfect source for emergency funds ( my agi is too high to directly contribute to a roth). It Pays a higher rate than my alliant savings account, it is tax deferred/f...
by RabbMD
Tue Jun 05, 2012 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need a good HSA provider
Replies: 30
Views: 3296

Re: Emergency fund "full". What now?

I amnot sure how the original poster is contributing $10,000 per year to both his and hers roth iras. Anyone know how this could be legal?
by RabbMD
Tue May 29, 2012 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emergency fund "full". What now?
Replies: 13
Views: 2185

Re: Smart money behavior starts young

I got my first auto loan last month. We buy new and keep the cars 10 years, so it was time for a mini van. Honda was running the most interesting promotion I have seen in awhile. It was 0.9% financing AND if you finance they pay the first months payment up to $500. I negotiated price by email around...
by RabbMD
Wed May 02, 2012 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Smart money behavior starts young
Replies: 20
Views: 2191

Re: Good restaraunts in Lexington, KY

I did not go on the woodford tour, but I did go on the four roses one, and that was awesome. I find their single barrel better than woodford, as do many people. It was the 2011 food and wine spirit on Kentucky as well. If you have time I highly recommend doing a Four Roses Tour/tasting.
by RabbMD
Sun Apr 15, 2012 9:35 am
 
Forum: Personal Consumer Issues
Topic: Good restaraunts in Lexington, KY
Replies: 11
Views: 1030

Re: Need proof re. non-taxability of most of Roth conversion

Unbelievable that someone who's livelihood is doing taxes is this uneducated. I guess not so unbelievable considering all the mistakes and education time i have had to spend with accountants.

Never use this guy againI second.
by RabbMD
Tue Apr 10, 2012 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need proof re. non-taxability of most of Roth conversion
Replies: 4
Views: 367

Re: Do you include I-Bonds in your AA?

To be even more complicated I count my 1.2 fixed ones as part of my inflation indexed treasury allocation, but I only count my 0% fixed ones as emergency fudns... So Yes on the higher fixed ones and no on the lower fixed ones LOL. This is of course arbitrary.
by RabbMD
Thu Mar 08, 2012 12:47 pm
 
Forum: Investing - Theory, News & General
Topic: Do you include I-Bonds in your AA?
Replies: 33
Views: 1775

Re: Umbrella insurance

Mine is $207 for 2 mil in Maryland.
by RabbMD
Wed Mar 07, 2012 9:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 40
Views: 5638

Re: What mortgage refinance fees are tax deductible?

Of course the fees are higher over the course of the loan if not just paid, just like not paying off the entire mortgage principle results in higher payments then if you pay mortgage interest.
by RabbMD
Mon Feb 20, 2012 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: What mortgage refinance fees are tax deductible?
Replies: 5
Views: 571

Re: Charitable donations for tax deductions

Livesoft, so if my grandma dies, and we donate a lot of her stuff to charity there is no way to get their fairmarket valuations? Or is that somehow different. What about if my dad gives me a car and I then donate to charity?
by RabbMD
Mon Feb 20, 2012 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Charitable donations for tax deductions
Replies: 29
Views: 1897

Re: Charitable donations for tax deductions

and far more profitable because of what seems like too high values. Can you elaborate on this? The valuations listed for items in itsdeductible seem much higher, like 3-4 times higher, than what I would expect the items to get at garage sales. At a 43.7% combined marginal fed plus state rate I only...
by RabbMD
Sun Feb 19, 2012 11:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable donations for tax deductions
Replies: 29
Views: 1897

Re: Charitable donations for tax deductions

and far more profitable because of what seems like too high values. Can you elaborate on this? The valuations listed for items in itsdeductible seem much higher, like 3-4 times higher, than what I would expect the items to get at garage sales. At a 43.7% combined marginal fed plus state rate I only...
by RabbMD
Sun Feb 19, 2012 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable donations for tax deductions
Replies: 29
Views: 1897

Re: Charitable donations for tax deductions

We also donate $1000-$2000 a year. In my amt phaseout marginal rate of 35% plus full state tax hell charitable donations seem to have crazy valuations on itsdeductible. If you belong to a family in which you are the only ones who itemize, then you can also do the following in my non professional, so...
by RabbMD
Sun Feb 19, 2012 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Charitable donations for tax deductions
Replies: 29
Views: 1897

Re: Help with negotiating medical bills

The Emergency Treatment Act only requires participating hospitals (generally those taking money from Medicare) to provide emergency care. Given that emergency care is treating a condition that if untreated would result in serious impairment of bodily functions (or the like) "walks in the door&...
by RabbMD
Tue Feb 07, 2012 8:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with negotiating medical bills
Replies: 64
Views: 2388

Re: Use or save HSA?

In lieu of a normal money market account I am trying to use my alliant credit union account hsa as my tier two emergency fund. In general I like to have a large cash slush fund of 80,000. I justify this by saying its my basement finishing (next 5 years), emergency, new car fund. However, if I use my...
by RabbMD
Tue Feb 07, 2012 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Use or save HSA?
Replies: 32
Views: 2822
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