Search found 831 matches

Return to advanced search

Re: Fidelity Charitable Fund Questions

How do they charge their fee? If I donate $5k in securities, do they take the fee right then, end of the month, pro-rata during the year? If it is annually what happens if I donate all the assets and the balance is zero? Does the account stay open if the balance is zero? Who is building their balanc...
by Rainier
Wed Jul 30, 2014 8:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Charitable Fund Questions
Replies: 16
Views: 533

Re: retirement savings for my young kids?

Do a UTMA. You said $10,000 at 18, who cares. It's not like they are going to retire on $10k.

If you setup a trust for $10k I believe you have failed. That makes no sense.
by Rainier
Tue Jul 29, 2014 6:02 am
 
Forum: Investing - Help with Personal Investments
Topic: retirement savings for my young kids?
Replies: 28
Views: 1979

Re: retirement savings for my young kids?

Your 2 year old doesn't have a job yet?

What's with kids these days?

Most UTMAs are 21 now
by Rainier
Mon Jul 28, 2014 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: retirement savings for my young kids?
Replies: 28
Views: 1979

Re: Basically starting over

Use some of that cash to pay off your wife's student loan, should simplify things a little. Start buying your ibonds before the end of the month, that way you will already be one month into the 12 month holding period. And you get the whole months interest. Do this by tomorrow. I have increased my 4...
by Rainier
Sun Jul 27, 2014 3:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Basically starting over
Replies: 11
Views: 2146

Re: Anyone get running shoes from DSW???

I totally agree. Barefoot isn't going to work for pretty much everyone, even minimalist shoes can be tough. But, if you are heel striking on 2" of cushioning and you are still injured...more shoe isn't going to help either. Have to strike the balance between shoes and an efficient stride. Back ...
by Rainier
Sat Jul 26, 2014 8:18 pm
 
Forum: Personal Consumer Issues
Topic: Anyone get running shoes from DSW???
Replies: 15
Views: 1137

Re: 401k Failed Discrimination Testing- What Do I Do?

Is your employer paying to fix this mess? They should.
by Rainier
Sat Jul 26, 2014 7:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Failed Discrimination Testing- What Do I Do?
Replies: 6
Views: 1072

Re: Anyone get running shoes from DSW???

I've been a frequent runner for many years now. I've never used shoes specifically from DSW. However, I've tried cheaper shoes in the $40-$50 range and shoes in the $80-$100 range and I can tell a big difference in the cushion and how long much longer they provide support when running. Now, I prefe...
by Rainier
Sat Jul 26, 2014 7:30 pm
 
Forum: Personal Consumer Issues
Topic: Anyone get running shoes from DSW???
Replies: 15
Views: 1137

Re: Buying a Home - Town permit records don't match disclosu

We aren't talking about additions or bedrooms in the basement with no egress. My feeling is they upgraded the bathroom and kitchen and never got a permit. How would anybody know? A mortgage company would never know. Even the town would never know. There are limitations too on how far the town can go...
by Rainier
Sat Jul 26, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3446

Re: Buying a Home - Town permit records don't match disclosu

Not sure I would care. Might be able to use as a bargaining chip to get the price down.

If you really want the house this isn't going to change anything, you are still going to close.
by Rainier
Sat Jul 26, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3446

Re: Anyone get running shoes from DSW???

Ever read "Born to Run?"

Price of running shoes is correlated to injury rates. The higher the price the higher the injury rate.

I personally don't. I buy $90 Brooks that I get on sale in the $70s from discount shoe sellers. They aren't minimalist but they are pretty light.
by Rainier
Sat Jul 26, 2014 9:43 am
 
Forum: Personal Consumer Issues
Topic: Anyone get running shoes from DSW???
Replies: 15
Views: 1137

Re: Will be taking series 6 exam; what field should I focus

The world needs more bond salesmen!

Said nobody ever.
by Rainier
Fri Jul 25, 2014 4:37 pm
 
Forum: Personal Consumer Issues
Topic: Will be taking series 6 exam; what field should I focus on?
Replies: 5
Views: 748

Re: Personal win: I am now free of individual holdings!

Taxes were the reason that I was still holding some individual shares. I got rid of the last of it because the gains on the little that I had left were almost identical to the hospital bill I just got. I figured the hospital bill would offset those gains. Not the best scenario, but if the bill is t...
by Rainier
Fri Jul 25, 2014 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal win: I am now free of individual holdings!
Replies: 18
Views: 1162

Tax Free Karate Kid

I have a taxable account full of individual blue chips worth about $100k with $50k in long term unrealized gains. I want to convert to index funds and I don't want to pay tax on the gains. Basically, I want to take advantage of my children's tax free gains window to pass along the gains, but also ge...
by Rainier
Fri Jul 25, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Free Karate Kid
Replies: 1
Views: 314

Re: Personal win: I am now free of individual holdings!

Are you saying that over the next 10 years that you intend to donate absolutely $0.00 to charity? In 10 years? Probably, but no concrete plans now. Might do $5k into a donor advised fund this year. If I picked my biggest gainer that would wipe out $4,000 of gains and give me a $5k deduction which w...
by Rainier
Fri Jul 25, 2014 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal win: I am now free of individual holdings!
Replies: 18
Views: 1162

Re: Personal win: I am now free of individual holdings!

Are the kids giving you the proceeds back? Not that I know of. They will both be in college next month. Must be nice. Can you adopt my kids? Or heck, adopt me... :) Your solution doesn't really address Rainier's problem livesoft... Rainer: "Hey I don't want to sell because I'd lose too much mo...
by Rainier
Fri Jul 25, 2014 3:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal win: I am now free of individual holdings!
Replies: 18
Views: 1162

Re: Personal win: I am now free of individual holdings!

I have a $90k taxable account with mostly blue chips and a $45k long term unrealized gain. Any suggestions? 5% state tax plus child tax credit phaseout means id lose about 25% of the gains. I have been giving away shares to my kids who can sell in their lower tax brackets for 0% cap gains tax and g...
by Rainier
Fri Jul 25, 2014 3:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal win: I am now free of individual holdings!
Replies: 18
Views: 1162

Re: Help on choosing between investing/paying mortgage/colle

I'd do some of each.

What would it take for you to afford a 15 year mortgage?
by Rainier
Fri Jul 25, 2014 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help on choosing between investing/paying mortgage/college
Replies: 12
Views: 900

Re: Personal win: I am now free of individual holdings!

I have a $90k taxable account with mostly blue chips and a $45k long term unrealized gain. Any suggestions?

5% state tax plus child tax credit phaseout means id lose about 25% of the gains.
by Rainier
Fri Jul 25, 2014 2:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal win: I am now free of individual holdings!
Replies: 18
Views: 1162

Re: Advice needed for $825,000 nest egg

How big are the gains? Your plan sounds really bad.

I wouldn't voluntarily pay huge taxes on a diversified basket of blue chips.
by Rainier
Fri Jul 25, 2014 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice needed for $825,000 nest egg
Replies: 15
Views: 2285

Re: New investor wondering how best to use a windfall

Pay back the family member for peace of mind.

Pay back your wife's loan for simplicity.

The rest of your plan is good.
by Rainier
Thu Jul 24, 2014 8:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor wondering how best to use a windfall
Replies: 9
Views: 561

Re: Cheap auto loan suggestions?

Nobody uses M for thousand anymore. Maybe realtors?
by Rainier
Wed Jul 23, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cheap auto loan suggestions?
Replies: 12
Views: 662

Re: Vanguard not vigilant about taxes?

How does Vanguard know your tax rate? Could be zero...
by Rainier
Wed Jul 23, 2014 5:35 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard not vigilant about taxes?
Replies: 15
Views: 1628

Re: Mortgage Prepayment Question

If you prepaid $500 and had a 5% interest rate you save about 6.8 cents per day. Don't spend it all at once.
by Rainier
Tue Jul 22, 2014 8:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 41
Views: 2594

Re: Mortgage Prepayment Question

Looks correct to me. Your total payment won't change, it is fixed for the life of the loan. If you paid half the principal today your payment wouldn't change. The ratio of principal and interest will change though. Interest accrued daily on the principal balance. Search the Internet on how mortgage ...
by Rainier
Tue Jul 22, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 41
Views: 2594

Re: Forced Stock sale

Do a google search for "forced sale against will, tax free" Links to Donald Sterling being forced to sell Clippers comes up "Could Sterling look to treating the sale as an involuntary conversion under Section 1033 of the tax code? Basically the code section allows in cases where prop...
by Rainier
Sun Jul 20, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Forced Stock sale
Replies: 11
Views: 1624

Re: Forced Stock sale

Pay the tax, move on.
by Rainier
Sat Jul 19, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Forced Stock sale
Replies: 11
Views: 1624

Re: Selling RV Abroad & Bringing Cash Home

Sounds like an awesome trip.

Does the guide have a website? I'd like to learn more about it.
by Rainier
Wed Jul 16, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling RV Abroad & Bringing Cash Home
Replies: 23
Views: 2093

Re: Selling RV Abroad & Bringing Cash Home

Nobody in Argentina will be able to afford a $50k RV. Are you familiar with their financial crisis. If somebody is willing to hand over $50k, just take the cash home. I'd let them worry about the auto import laws. The buyer of the car will know what they can and can't do. Also, I bet Argentina won't...
by Rainier
Wed Jul 16, 2014 7:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Selling RV Abroad & Bringing Cash Home
Replies: 23
Views: 2093

Re: Recommend compression socks for flights - Sizing?

Buy your first pair at a store to get the sizing right.
by Rainier
Sun Jul 13, 2014 10:04 pm
 
Forum: Personal Consumer Issues
Topic: Recommend compression socks for flights - Sizing?
Replies: 6
Views: 640

Re: Offer on home accepted- Sellers want to rent for sometim

I'd want a huge holdback in escrow in case they decide to squat. Not likely, but that is worst case.
by Rainier
Tue Jul 08, 2014 5:48 am
 
Forum: Personal Consumer Issues
Topic: Offer on home accepted- Sellers want to rent for sometime
Replies: 19
Views: 1678

Re: Dip into IRAs to pay off CC debt?

I read your post again and noticed no property taxes or insurance in your budget. For your house or the rental. There are actually a lot of things left out. I'd definitely research money management and work with your wife to construct a thorough budget. At your young age you probably want to get wi...
by Rainier
Tue Jul 08, 2014 5:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Dip into IRAs to pay off CC debt?
Replies: 28
Views: 2040

Re: Homeowner responsibility for water service line

Doesn't it all depend on what side of the meter the damage happens? They certainly can't charge for leaked water on the street side of the meter. My gas company recently found a leakin my gas line in a routine sweep. It was on the street side of my meter and they fixed it very promptly and for free....
by Rainier
Sun Jul 06, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Homeowner responsibility for water service line
Replies: 45
Views: 2057

Re: Rick Ferri's Emergency Fund

Seems like a savings account would be even better.
by Rainier
Sat Jul 05, 2014 9:17 am
 
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Emergency Fund
Replies: 28
Views: 6320

Re: What to do with old Macbook Pro?

I use my old laptop as a backup server in the basement. My time capsule dumps onto it in the evenings.

I changed the energy settings on the old laptop to only wake between 7-10pm. If I'm on my main computer at that time it will make a backup, if not then I get it the next night.
by Rainier
Sat Jul 05, 2014 7:44 am
 
Forum: Personal Consumer Issues
Topic: What to do with old Macbook Pro?
Replies: 24
Views: 1797

Re: Neighbor's Fireworks

It's mostly cardboard, paper and some wooden sticks. I wouldn't worry about it that much, not worth the hassle.
by Rainier
Sat Jul 05, 2014 7:28 am
 
Forum: Personal Consumer Issues
Topic: Neighbor's Fireworks
Replies: 50
Views: 4451

Re: Combining finances - gift tax?

Aren't student loans like education and medical? I thought they were excluded from gifts.

In any case you're not a billionaire and this isn't a lot of money. Nobody is going to care about this transaction.
by Rainier
Sat Jul 05, 2014 6:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Combining finances - gift tax?
Replies: 15
Views: 744

Re: Am I on the right track at age 34?

I wouldn't keep that much in checking. If you want cash, fine, but keep the excess in a different account.
by Rainier
Fri Jul 04, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track at age 34?
Replies: 19
Views: 2286

Re: taxes on family loan for mortgage downpayment?

No real concerns from me. I'd document everything so there are no misunderstandings.

My only yikes was on the misunderstanding of the IRS looking at your bank statements. Again, they don't really do that unless you are committing massive fraud.
by Rainier
Wed Jul 02, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: taxes on family loan for mortgage downpayment?
Replies: 10
Views: 770

Re: taxes on family loan for mortgage downpayment?

Yikes. Any gift you receive is never taxable to you. IRS doesn't see bank statements. All they get is 1099s and W-2s, and a few other things. If you are paying interest to the family member they must report interest income, that's not your problem though. If they don't charge interest (or you don't ...
by Rainier
Wed Jul 02, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: taxes on family loan for mortgage downpayment?
Replies: 10
Views: 770

Re: Keep ETF or Pay off the Mortgage?

On the gain side, if you sell for a gain you can re-invest right back into the same security. It is not like a loss subject to wash sale rules.
by Rainier
Wed Jul 02, 2014 3:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep ETF or Pay off the Mortgage?
Replies: 10
Views: 1048

Re: Anyone Actually Using Quicken on a Mac?

I gave up on Quicken for Mac a few years ago and now use Quickbooks. Obviously, not for everyone, but it works. I really wish there was another option out there. I'd love to make Mint work, but I can't stand not being able to reconcile my checking account. If I can't reconcile I can't trust the bala...
by Rainier
Wed Jul 02, 2014 3:13 pm
 
Forum: Personal Consumer Issues
Topic: Anyone Actually Using Quicken on a Mac?
Replies: 14
Views: 1015

Re: Google 2 step verification assistance

What about all the google apps I have on my devices? For example my iphone has: mail (ios grabs mail, calendar, etc) gdrive, sheets, docs and YouTube. Would all of those apps need a one time login?
by Rainier
Thu Jun 19, 2014 10:41 pm
 
Forum: Personal Consumer Issues
Topic: Google 2 step verification assistance
Replies: 14
Views: 1172

Re: NYC for the day… what to do with the car

Where are you staying in CT? If you are along the metro north line the lots are generally free on the weekend (maybe not in the bigger cities)
by Rainier
Tue May 27, 2014 7:04 pm
 
Forum: Personal Consumer Issues
Topic: NYC for the day… what to do with the car
Replies: 18
Views: 1090

Re: Getting Passport without specific travel plans?

I agree with others, that section is just so they can prioritize the processing. I have always received my passports very quickly, much quicker than advertised.

Put anything down, Canada, UK, whatever. An answer in that box is not a condition of receiving a passport.
by Rainier
Fri Apr 11, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: Getting Passport without specific travel plans?
Replies: 29
Views: 2255

Re: Minimizing Taxes

I think adding a CPA to your list of helpers will just raise your expenses and complexity level.

They don't have any magic tricks. Make less money, get out of the AMT....
by Rainier
Sat Apr 05, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Minimizing Taxes
Replies: 17
Views: 1104

Re: is $125 from Toyota economic loss settlement taxable?

What is this for?

Not likely, the $125 is just making you whole.
by Rainier
Fri Apr 04, 2014 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: is $125 from Toyota economic loss settlement taxable?
Replies: 3
Views: 537

Re: Divs & Cap Gains - killing me at taxes

You could buy crappy stocks that only lose money then you wouldn't be stuck paying taxes.
by Rainier
Fri Mar 07, 2014 6:01 pm
 
Forum: Investing - Theory, News & General
Topic: Divs & Cap Gains - killing me at taxes
Replies: 8
Views: 919

Re: Emergency fund tiers?

In a natural disaster you can withdraw I bonds in less than one year. I could have after Sandy. Just saying. A five year ladder of I bonds is too much work for most people. Of course its not for everybody, as nothing is. Just throwing out a thought and an option. I would just boost the amount in ca...
by Rainier
Fri Mar 07, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emergency fund tiers?
Replies: 24
Views: 1589

Re: Emergency fund tiers?

In a natural disaster you can withdraw I bonds in less than one year. I could have after Sandy. Just saying.

A five year ladder of I bonds is too much work for most people.
by Rainier
Fri Mar 07, 2014 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emergency fund tiers?
Replies: 24
Views: 1589

Re: Emergency fund tiers?

Yes, I would. 9-12 months is well beyond my e-fund. But I have a large taxable account that can be used in emergencies.
by Rainier
Fri Mar 07, 2014 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emergency fund tiers?
Replies: 24
Views: 1589
Next

Return to advanced search