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Re: Does it suck to be stuck in a SEP IRA employee plan?

It does suck, but it is free money. Max out your Roth and invest in taxable accounts. Just because it's a taxable account doesn't mean you can't use it for retirement.
by Rainier
Tue Mar 31, 2015 8:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does it suck to be stuck in a SEP IRA employee plan?
Replies: 6
Views: 476

Re: Negative Yields Hit US Treasury Markets

Ha! You don't understand the problem.

They have negative yields because demand is so high. Treasury won't blink an eye if individuals can't buy because of brokerage computer glitches.

A drop in the bucket fits well here.

People are paying the government to hold their money!
by Rainier
Mon Mar 30, 2015 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Negative Yields Hit US Treasury Markets
Replies: 17
Views: 2545

Re: Portfolio help requested

But low, sell high. Good luck.
by Rainier
Mon Mar 30, 2015 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help requested
Replies: 6
Views: 495

Re: Funding my Portfolio

Does etrade have free ETFs? If so, you can mimicking your vanguard funds for free.

Also, the OP might not have enough cash in the account to move to vanguard and buy the desired funds.
by Rainier
Mon Mar 30, 2015 5:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Funding my Portfolio
Replies: 7
Views: 338

Re: Orbitz vs Expedia vs Delta

Orbitz and Travelocity are travel agents, Kayak is an aggregator and it will tell you where to buy to get the best deal.

I'm really surprised at that spread, part of me thinks they weren't exactly the same flight. Usually, the airline will have the best price.
by Rainier
Sun Mar 29, 2015 5:58 pm
 
Forum: Personal Consumer Issues
Topic: Orbitz vs Expedia vs Delta
Replies: 18
Views: 1558

Re: How many of you invest in individual stocks?

( May be I owned some individual stocks many years ago ) Currently I own heavily 1 stock of BRK.B for the comparison purpose in another 10 / 20 years. Also for the nice annual report, mailed to my home. Also I am researching, heavily on TSLA Tesla Motors Inc, for the optimal timing, as my strategy ...
by Rainier
Sun Mar 29, 2015 11:07 am
 
Forum: Investing - Theory, News & General
Topic: How many of you invest in individual stocks?
Replies: 65
Views: 3836

Re: Excess Cash - Play Monopoly or Repay Debt?

You could retire now if you slashed your expenses.

I predict you won't retire at 51/46 or whatever you said because your expenses will continue to grow with your wealth.

$20 oil could also do a number on your Texas real estate holdings.
by Rainier
Fri Mar 27, 2015 6:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess Cash - Play Monopoly or Repay Debt?
Replies: 67
Views: 5196

Re: My Term Life Insurance

Who knows? How much money do you make? What's your goal? What are you insuring for? Your wife hitting the lottery if you die or just enough to scrape by? Would it be unreasonable for her to work if you died? 30 years is also really long. With no kids I have no idea why you would need insurance now o...
by Rainier
Fri Mar 27, 2015 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: My Term Life Insurance
Replies: 31
Views: 2321

Re: 'Work from Home' Opportunities..?

Google: "multi level marketing"
by Rainier
Fri Mar 27, 2015 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: 'Work from Home' Opportunities..?
Replies: 20
Views: 2179

Re: Fed to Gradually Increase Interest Rates

As long as the thread is doomed :D I note that 13% if the U.S. population is Seniors, many taking it in the pocketbook from the low rates on CDs. Wall Street is happy, though. I don't see the zillionaires on the Fed crying their eyes out. What's the difference? There is virtually no inflation right...
by Rainier
Fri Mar 27, 2015 6:17 pm
 
Forum: Investing - Theory, News & General
Topic: Fed to Gradually Increase Interest Rates
Replies: 6
Views: 951

Re: Extra Cash - What to do?

Liberty1100 wrote:I would suggest putting it down on the highest interest rate, the business loan. I would also be prepared to pay some taxes on that "income" of selling the house and not investing it all into the house.


Also, does that rule still exist re trading up houses?
by Rainier
Fri Mar 27, 2015 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Extra Cash - What to do?
Replies: 3
Views: 422

Re: Schwab Intelligent Portfolios [now live]

Are they buying fractional shares of the ETFs?
by Rainier
Fri Mar 27, 2015 4:02 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 280
Views: 21417

Re: Huge Tax Bill !!

We all have to pay tax on income.

Are you sure the gain is $100k? Did you make improvements to reduce your gains?
by Rainier
Thu Mar 26, 2015 7:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Huge Tax Bill !!
Replies: 10
Views: 1848

Re: my review of my HSA with Saturna brokerage

I've got all my forms filled, just don't want to botch the rollover from UMB.

What's the best way to handle so everything is reported properly?
by Rainier
Wed Mar 25, 2015 5:00 am
 
Forum: Investing - Theory, News & General
Topic: my review of my HSA with Saturna brokerage
Replies: 57
Views: 11486

Re: VBRO and Airbnb versus property values

Forget the HOA,what about the town? Short term rentals are illegal in my town unless you are a hotel.
by Rainier
Mon Mar 23, 2015 6:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Neighbor violating HOA rules by using] VBRO and Airbnb
Replies: 38
Views: 3871

Re: Child Care Credit, pretax salary contribution, & W-2 Box

Max credit is based on $3k per child. You are correct, if you put in the full $5k you lose the credit because $5k is greater than $3k. Still better to take the deduction of $5k over the credit. Your deduction saves you 25%, the credit only saves you 20%. In addition the deduction lowers your agi, wh...
by Rainier
Mon Mar 23, 2015 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child Care Credit, pretax salary contribution, & W-2 Box 10
Replies: 6
Views: 332

Re: Buying a house that had a Dog

My house is 200 years old, who knows what has been in it. Dogs, cats, dead people, chickens, goats....
by Rainier
Sun Mar 22, 2015 6:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house that had a Dog
Replies: 18
Views: 2560

Re: Ice Dams - now what?

It doesn't matter if you have ice dams, the issue is if you have water leaking in your house.

Not all ice dams cause water leaks.
by Rainier
Sat Mar 21, 2015 5:37 pm
 
Forum: Personal Consumer Issues
Topic: Ice Dams - now what?
Replies: 49
Views: 4428

Re: Merrill Edge Question

Why would you pick Merrill? Plenty of other low cost choices out there.
by Rainier
Sat Mar 21, 2015 3:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge Question
Replies: 21
Views: 1605

Re: my review of my HSA with Saturna brokerage

Who cares? It's not like they asked your religion or when your last colonoscopy was.

Also, there's no verification process, just part of "know your client"
by Rainier
Fri Mar 20, 2015 7:14 pm
 
Forum: Investing - Theory, News & General
Topic: my review of my HSA with Saturna brokerage
Replies: 57
Views: 11486

Re: Cryptocurrency

I bought Bitcoin for a client...the fees and hassle to buy and sell back to dollars was staggering.

Also, the massive price swings are even more staggering.
by Rainier
Fri Mar 20, 2015 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cryptocurrency
Replies: 8
Views: 963

Re: Why I don't file early

555 wrote:I file in mid-January, as soon as IRS opens up e-filing. I have all my information by then, and the information never changes later. And I get a large refund, so I want it ASAP.


Sounds like you are doing something wrong then.
by Rainier
Fri Mar 20, 2015 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why I don't file early
Replies: 35
Views: 3375

Re: Why I don't file early

Reason #1 to file early: prevent somebody else from filing a claim with your ssn before you.
by Rainier
Fri Mar 20, 2015 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why I don't file early
Replies: 35
Views: 3375

Re: IRS question (post office lost my taxes)

Re send and add a cover letter if you are worried.

Chances are the IRS got the first return but nobody scanned the label.
by Rainier
Fri Mar 20, 2015 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS question (post office lost my taxes)
Replies: 7
Views: 1293

Re: Tankless Hot Water Heaters

I upgraded to a combi boiler (hot water and furnace). Our gas bill is running about 60% of last year,with colder temps.
by Rainier
Thu Mar 19, 2015 8:28 pm
 
Forum: Personal Consumer Issues
Topic: Tankless Hot Water Heaters
Replies: 29
Views: 2522

Re: Child gift shares to parent to avoid kiddie tax?

Leeraar wrote:Oh my, the games we play.

And, the life lessons we are teaching our children?

L.


Avoiding taxes is legal, evading them is not.

If you'd like, the treasury accepts voluntary tax payments, no questions asked.
by Rainier
Wed Mar 18, 2015 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child gift shares to parent to avoid kiddie tax?
Replies: 32
Views: 1307

Re: Possible to use home equity as investment vehicle?

You can do it, but you might run into tax issues. You are essentially trading an investment property deduction, for a primary residence interest deduction, but because the new loan would be a cash out refinance, you may not be able to deduct the interest. Generally only purchase money (and rate/ter...
by Rainier
Wed Mar 18, 2015 8:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible to use home equity as investment vehicle?
Replies: 4
Views: 565

Re: Child gift shares to parent to avoid kiddie tax?

Just pay her taxes and save your capital loss. Net is the same, right?

Why does she have to sell?
by Rainier
Wed Mar 18, 2015 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child gift shares to parent to avoid kiddie tax?
Replies: 32
Views: 1307

Re: Child gift shares to parent to avoid kiddie tax?

I've done this the other way. Give kids appreciated shares and sell to use up $2k in tax free gains. Then reimburse myself for expenses I was not obligated to pay as a parent.
by Rainier
Wed Mar 18, 2015 7:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child gift shares to parent to avoid kiddie tax?
Replies: 32
Views: 1307

Re: Investment Club LLC - Incorrect 1099

Report the amounts as reported on the 1099 then use the adjustment section to make the proper adjustment. Add an attachment to the end of the return to explain the adjustment.

If you are right then there is nothing to worry about.
by Rainier
Tue Mar 17, 2015 6:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Investment Club LLC - Incorrect 1099
Replies: 7
Views: 587

Re: Buying Euro for Vacations?

Get over it, buying something in advance that you will consume is not market timing.

If I had no need for Euros of CHF or whatever, that would be market timing and speculation, but this topic is about consuming the currency.

If this is market timing then so is buying anything before you need it.
by Rainier
Tue Mar 17, 2015 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2494

Re: Buying Euro for Vacations?

I would personally keep the USD balance in my account and use a debit card that has no ATM fees (Schwab) abroad to withdraw cash, some people find it to be a necessity. I would be inclined to say that doing so would be an attempt to time the market . I know that Citibank has a service called WorldW...
by Rainier
Mon Mar 16, 2015 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2494

Re: Buying Euro for Vacations?

I bought CHF in my Fidelity account today. Commission was 1%. The currency ETFs are ripe for failure, or at least not doing wht you want.

I bought 25% of my planned hotel cost. I'll buy the remainder in intervals as the trip gets closer. I will convert back to USD as my credit card gets charged.
by Rainier
Mon Mar 16, 2015 6:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2494

Re: Time to buy up EUR?

I just bought CHF in my Fidelity account. I bought 1/4 of my expected hotel cost and I will buy the remaining quarters 3, 6, and 9 months before my trip date.
by Rainier
Mon Mar 16, 2015 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to buy up EUR?
Replies: 30
Views: 2373

Re: Buffett and Bogle almost on the same page

Lost 70%?

If he lost 99% of his money he'd still have $40,000,000!
by Rainier
Sat Mar 14, 2015 7:29 pm
 
Forum: Investing - Theory, News & General
Topic: Buffett and Bogle almost on the same page
Replies: 19
Views: 2059

Re: Worried about neighbor's tree damaging my property

I agree, cut all the branches over hanging your property. That would guarantee it wouldn't fall in your direction (even beavers know this).

As an added kicker, cut all the roots too along your property line.
by Rainier
Sat Mar 14, 2015 5:46 pm
 
Forum: Personal Consumer Issues
Topic: Worried about neighbor's tree damaging my property
Replies: 16
Views: 1897

Re: Ice Dams - now what?

I filed an insurance claim after the winter of 10/11, took the check and used it to put on a new roof. Then we did renovations four years later and had to put on a whole new roof again. I really wish we did metal, but it is so expensive here, nobody knows how to do it. Not just to guard against ice ...
by Rainier
Sat Mar 14, 2015 4:46 pm
 
Forum: Personal Consumer Issues
Topic: Ice Dams - now what?
Replies: 49
Views: 4428

Re: Friend Leased A Car With Free Maintenance Now Dealer Gon

In the first 30000 miles of a new car's life they need surprisingly little maintenance. Maybe a few oil changes. My wife's car needs its oil changed every 15,000 miles. Are you familiar with the return process for a leased car? If you are, you shouldn't worry too much about this. In the future, don'...
by Rainier
Sat Mar 14, 2015 4:36 pm
 
Forum: Personal Consumer Issues
Topic: Friend Leased A Car With Free Maintenance Now Dealer Gone
Replies: 9
Views: 1701

Re: Ice Dams - now what?

I live in CT and in the winter of 2010/2011 we had ice dams and water leaking into our walls. We replaced the roof that following summer and have not had issues since. I still use a snow rake and shovel my older flat roof that never gets sun. I know the feeling, I'm constantly listening for drips an...
by Rainier
Sat Mar 14, 2015 12:45 pm
 
Forum: Personal Consumer Issues
Topic: Ice Dams - now what?
Replies: 49
Views: 4428

Re: Value of Capital Gains Tax Deferral

Is there anything in the U.S. that is taxed on a change in current market value? Paying taxes each year on the change in the market value of investments would certainly complicate tax planning. Zero coupon bonds with OID. it's interest, but you don't get the cash and you have to pay tax on it. Even...
by Rainier
Sat Mar 14, 2015 8:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Value of Capital Gains Tax Deferral
Replies: 9
Views: 768

Re: Value of Capital Gains Tax Deferral

earlyout wrote:Is there anything in the U.S. that is taxed on a change in current market value? Paying taxes each year on the change in the market value of investments would certainly complicate tax planning.


Zero coupon bonds with OID. it's interest, but you don't get the cash and you have to pay tax on it.
by Rainier
Sat Mar 14, 2015 8:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Value of Capital Gains Tax Deferral
Replies: 9
Views: 768

Re: Buying Euro for Vacations?

I usually use an ATM card from CapitalOne. No fees, no funny business. I have a bank account in Europe and will need a large amount on euros for renovating an apartment, about $80k. Planning to send a wire transfer, so no physical delivery. I would appreciate some advice on the best (cheapest) way ...
by Rainier
Fri Mar 13, 2015 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2494

Re: Cap Gains & Divs killed me this year

It was my damn salary that really nailed me this year!

All those ordinary income tax rates and fica.
by Rainier
Fri Mar 13, 2015 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Cap Gains & Divs killed me this year
Replies: 65
Views: 7219

Re: Buying Euro for Vacations?

Very hard to speculate on currencies. Having said that, I think it would be somewhat early to buy euros for speculative purposes at this point. I'd be reluctant to anchor my expectations to the kinds of rates we saw over the past 10 years. These were very unique circumstances, partly related to res...
by Rainier
Fri Mar 13, 2015 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2494

Re: HSA Rollover Check

I dont want Saturna to do the transfer, if they do then UMB will charge me. I want to do an indirect transfer.
by Rainier
Fri Mar 13, 2015 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover Check
Replies: 3
Views: 427

Re: Buying Euro for Vacations?

Very hard to speculate on currencies. Having said that, I think it would be somewhat early to buy euros for speculative purposes at this point. I'd be reluctant to anchor my expectations to the kinds of rates we saw over the past 10 years. These were very unique circumstances, partly related to res...
by Rainier
Fri Mar 13, 2015 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2494

Re: Buying Euro for Vacations?

Looks like the spread on using Bank of America currency exchange is 5% one way! Ouch.

The 2% I'd pay using my plan would be offset by the 2% rewards I get back from my credit card.
by Rainier
Fri Mar 13, 2015 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2494

Re: Buying Euro for Vacations?

killjoy2012 wrote:
TravelforFun wrote: I just bought enough Euros for our next two trips.


From where? Unless you're already in Europe and can simply withdraw excess cash from an ATM over several days prior to leaving, you're likely looking at forex fees that could wipe out the "discount".


Yes, please tell me where.
by Rainier
Fri Mar 13, 2015 1:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2494

Re: HELOC loan

Are you really even married?

From your post it sounds like some random person you call "husband" shares a mortgage with you.
by Rainier
Fri Mar 13, 2015 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC loan
Replies: 8
Views: 947

Re: Buying Euro for Vacations?

There are a couple of threads going on this. I had one about hedging vacation cost. Hedging must be a four letter word here because it was widely panned. On the other hand buying currency (and paying huge costs to physically obtain the cash) was more acceptable. Even though the net result was the sa...
by Rainier
Fri Mar 13, 2015 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 2494
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