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Re: Which mortgage loan would you choose (recast or not)?

$1.1m is tax deductible not $1m

You don't need to have a seperate HELOC to claim the extra $100k.
by Rainier
Fri Apr 24, 2015 8:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which mortgage loan would you choose (recast or not)?
Replies: 22
Views: 722

Re: 1/3 of those SAVING for retirement have less than $1000

Who cares. This has always been the case and always will be the case. Society will continue on and every generation will be a little wealthier than the last.
by Rainier
Fri Apr 24, 2015 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 31
Views: 2676

Re: Best touristy places to live in the world?

I kind of agree.

I used to live in Salt Lake City and I loved riding the lifts with tourists. It was also great having people from all over the world during the Olympics.
by Rainier
Fri Apr 24, 2015 1:21 pm
 
Forum: Personal Consumer Issues
Topic: Best touristy places to live in the world?
Replies: 34
Views: 3697

Re: Inherited IRA Options

Putting $80k into a trust is criminal, please do everything possible to keep fees as low as possible.

I don't know the IRA rules.
by Rainier
Fri Apr 24, 2015 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA Options
Replies: 15
Views: 538

Re: Reducing Monthly Costs

I successfully petitioned to have my property tax assessed value reduced last year. (Big savings. I did it myself--did not hire a professional, but did get advice from friends who had grieved theirs in the past. Only cost was a $30 filing fee, and even that filing fee was refunded back to me becaus...
by Rainier
Wed Apr 22, 2015 8:36 pm
 
Forum: Personal Consumer Issues
Topic: Reducing Monthly Costs
Replies: 29
Views: 2198

Re: Reducing Monthly Costs

Are there any rules of thumb for insurance regarding raising deductible versus cost savings?

For example raising my homeowners deductible from $1k to $2k but only saving $10/year wouldn't make sense.
by Rainier
Wed Apr 22, 2015 5:56 pm
 
Forum: Personal Consumer Issues
Topic: Reducing Monthly Costs
Replies: 29
Views: 2198

Re: HSA Monthly Investment Fee??

That's a good deal for an HSA. As your balance grows that fee will become a smaller portion.
by Rainier
Tue Apr 21, 2015 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Monthly Investment Fee??
Replies: 2
Views: 312

Re: Fidelity ATM card overseas

I don't believe their is a 1% conversion fee, if there is you are getting an excellent exchange rate with the Fidelity ATM card.

I use mine and always check in the evening what the rate was and it always seems very close to the spot rate at the time. Its so close I never think about the rate.
by Rainier
Tue Apr 21, 2015 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity ATM card overseas
Replies: 5
Views: 456

Re: How much do you pay in Property Taxes?

This is like comparing apples and pianos. Too many variables with no comparisons. Mine are about 1% of appraised value, we don't have trash pickup but we do have the best public schools in the state and possibly the country. The mill rate in the town (city) next to ours is about double...they have s...
by Rainier
Tue Apr 21, 2015 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 184
Views: 9455

Re: Don't come to Europe with a new chip and sign credit car

I was just in Florida for a week, presumably a place with many foreign tourists, and noticed all the shops here had chip readers. I felt a little like I was in Europe.

American consumers are so worried about a risk they don't even have to take. If somebody steals your cc, it's not your problem.
by Rainier
Sun Apr 19, 2015 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 50
Views: 6177

Re: Cleaning out large basement - cost to rent a dumpster?

I think a dumpster is the right solution, makes it so easy to get rid of old junk. I live in a high cost area and was surprised by how cheap they are.

Rural areas could be more due to distance and less demand.
by Rainier
Sat Apr 18, 2015 8:25 pm
 
Forum: Personal Consumer Issues
Topic: Cleaning out large basement - cost to rent a dumpster?
Replies: 29
Views: 2016

Re: My job says I can't work for anyone else...

letsgobobby wrote:my no compete is 45 miles and 3 years. you all should consider yourselves fortunate.


I seriously doubt that is legal or enforceable.
by Rainier
Sat Apr 18, 2015 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: My job says I can't work for anyone else...
Replies: 61
Views: 6083

Re: Cleaning out large basement - cost to rent a dumpster?

Just call a few companies.

How would anybody else know how much a dumpster costs in your city. For some strange reason you didn't even list a state.
by Rainier
Sat Apr 18, 2015 3:45 pm
 
Forum: Personal Consumer Issues
Topic: Cleaning out large basement - cost to rent a dumpster?
Replies: 29
Views: 2016

Re: Cash out a Simple?

You have many facts wrong and the situation isn't that bad. I'd add more but I'm on my iPhone.
by Rainier
Sat Apr 18, 2015 6:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Cash out a Simple?
Replies: 13
Views: 891

Re: Safety Deposit Box is Necessary (+1 plug:)

May I ask what kind of dog you have? I keep two large golden retrievers at home to protect the house, or at least ward off possible burglars. I am very concerned knowing your dog was completely useless in this scenario. Golden retrievers as security? Ha. Only if death by licking to death is possible.
by Rainier
Sat Apr 18, 2015 5:56 am
 
Forum: Personal Consumer Issues
Topic: Safety Deposit Box is Necessary (+1 plug:)
Replies: 33
Views: 4456

Re: Parking money in a tax free muni bond fund?

BTW it's not .0089% it's .0089 or .89%. You're off by about 100x
by Rainier
Thu Apr 16, 2015 8:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Parking money in a tax free muni bond fund?
Replies: 14
Views: 1407

Re: Friend not filed taxes for years but owes no money

If he meets the minimum filing requirements he needs to file. That may trigger an investigation of his prior years. Whether he files prior or not, he should maintain good records in case he needs to dispute an IRS letter. Not really, what are the consequences for not filing? He does not owe. Not sa...
by Rainier
Thu Apr 16, 2015 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Friend not filed taxes for years but owes no money
Replies: 15
Views: 1647

Re: Poll: Effective average Adjusted Livesoft tax rate?

I followed all the rules. $164k, 8%.
by Rainier
Wed Apr 15, 2015 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Effective average Adjusted Livesoft tax rate?
Replies: 67
Views: 4699

Re: Don't come to Europe with a new chip and sign credit car

The best tip- always pay in the local currency! Their machines have a choice to pay in USD or the local currency. If you choose USD you get hosed on the exchange rate. Even if your card charges an exchange fee the local rate is likely still better. do the math yourself, of course.
by Rainier
Wed Apr 15, 2015 6:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 50
Views: 6177

Re: Don't come to Europe with a new chip and sign credit car

Might be user error.

I used my Capital One chip and signature in Switzerland in February with zero problems! Literally, zero issues. I even used it at an automated machine to buy train tickets...zero issues.
by Rainier
Tue Apr 14, 2015 7:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 50
Views: 6177

Re: Tax bill > anticipated; best strategies to fund?

livesoft wrote:On the taxable brokerage account: Be sure to include the settlement time (T+1 for mutual funds, T+3 for ETFs and stocks) in your timing.


Write checks, mail them on the 15th and it shouldn't be a problem. Assuming you can sort out this % mess.
by Rainier
Sun Apr 12, 2015 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax bill > anticipated; best strategies to fund?
Replies: 11
Views: 1043

Re: Capital One getting out of cash rewards credit cards?

This is a UK article about UK cards!
by Rainier
Sun Apr 12, 2015 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital One getting out of cash rewards credit cards?
Replies: 12
Views: 2641

Re: Gifts to take to Scotland.

It's Scotland not Swaziland! Wish I had a suggestion, but there is nothing they can't get or afford. Where are you from? If you lived in Wyoming and brought a Yale sweatshirt or a Masters golf hat that would be really silly. Like somebody from Scotland bringing you a Greek wine. Bring something loca...
by Rainier
Sun Apr 12, 2015 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Gifts to take to Scotland.
Replies: 33
Views: 2141

Re: Federal Tax Bracket Question

Line 43, Taxable Income
by Rainier
Sat Apr 11, 2015 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Bracket Question
Replies: 27
Views: 2217

Re: GE stock up 11% on Friday.

Pretty remarkable for one of the largest companies in the world. Did you see the trading Volume? Seems like they should be hoarding cash and buying back at market lows versus market highs. Looks like the crazy neighbor is offering to buy my shares at an inflated price and I may take the offer. I did...
by Rainier
Sat Apr 11, 2015 6:19 am
 
Forum: Investing - Theory, News & General
Topic: GE stock up 11% on Friday.
Replies: 19
Views: 2155

Re: How to know if I am saving enough?

We've been over this before; loan repayments of any sort are NOT savings. Now real savings can be for the long term (retirement) or for the shorter term (car purchase or home down payment). In either case, a 45% savings rate at such a young age seems exceptional. Don't forget to pay the IRS their d...
by Rainier
Fri Apr 10, 2015 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to know if I am saving enough?
Replies: 25
Views: 2685

Re: How to know if I am saving enough?

30% in what taxes? Federal? Federal, state, fica? Having a flat % withheld is highly unusual.

Need more information.
by Rainier
Fri Apr 10, 2015 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to know if I am saving enough?
Replies: 25
Views: 2685

Re: How to know if I am saving enough?

How do I know you aren't making $2k and living at your parent's? How do the other responders know?
by Rainier
Fri Apr 10, 2015 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to know if I am saving enough?
Replies: 25
Views: 2685

Re: Massive student debt @ 6.8%

It seems odd to take on massive student debt (your words) then work for nothing and complain about the massive student debt. You could have worked for nothing and had no debt by not going to school. The next steps to take are to earn more money wirh the education you received from the massive studen...
by Rainier
Tue Apr 07, 2015 6:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Massive student debt @ 6.8%
Replies: 62
Views: 6253

Re: Capital gain on primary residence

Did you do any improvements? Add the cost of those to the basis.
by Rainier
Tue Apr 07, 2015 5:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Capital gain on primary residence
Replies: 20
Views: 1669

Re: Schwab Intelligent Portfolios [now live]

TurboTax import. Yeah - I've been doing that for awhile now.... just wondering how convoluted all the SIP tracking will become.. Convoluted? It will be no different than receiving a 1099 from another financial institution for a taxable account in which you earned interest, dividends, capital gains,...
by Rainier
Sun Apr 05, 2015 7:24 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 374
Views: 33766

Re: Memorial Day Weekend - Cape Cod or Martha's Vineyard?

Obviously, the ice was a joke.....but the water will be very cold still. Not much swimming that time of year.
by Rainier
Sun Apr 05, 2015 6:59 pm
 
Forum: Personal Consumer Issues
Topic: Memorial Day Weekend - Cape Cod or Martha's Vineyard?
Replies: 20
Views: 1542

Re: My attic air leak blocking checklist

You are still going to get ice dams, sorry.

Yes, this will save you energy but the snow is still going to melt off your roof and re freeze on the soffits.
by Rainier
Fri Apr 03, 2015 5:28 pm
 
Forum: Personal Consumer Issues
Topic: My attic air leak blocking checklist
Replies: 24
Views: 1982

Re: In my situation, would you pay down mortgage?

Absolutely not. Very difficult to get it back out if needed with only small savings.
by Rainier
Fri Apr 03, 2015 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: In my situation, would you pay down mortgage?
Replies: 31
Views: 1457

Re: Help/advice with Europe trip (France+/-Greece)

I went to Santorini in 2004. I would just fly from Athens, it's quick.
by Rainier
Fri Apr 03, 2015 10:56 am
 
Forum: Personal Consumer Issues
Topic: Help/advice with Europe trip (France+/-Greece)
Replies: 22
Views: 1388

Re: Visiting continental Europe (first time) with kids

We spent a week in Switzerland with the kids (3&5) back in February. Everyone had a great time and we are going back next year.

Don't worry, the Swiss and Europeans are trying very hard to make your vacation cheaper.
by Rainier
Thu Apr 02, 2015 8:36 pm
 
Forum: Personal Consumer Issues
Topic: Visiting continental Europe (first time) with kids
Replies: 20
Views: 1844

Re: Failed Aeroflot booking: What to do?

On the other hand we booked flights to Milan last week for a trip 11 months out. The total fare was $650 but the base fare was only $75, the rest was taxes and fees. I figured my flight couldn't get much cheaper so I booked it. $650 to Milan in May is wonderful. Congratulations! Victoria Emirates a...
by Rainier
Thu Apr 02, 2015 7:43 pm
 
Forum: Personal Consumer Issues
Topic: Failed Aeroflot booking: What to do?
Replies: 48
Views: 2603

Re: Failed Aeroflot booking: What to do?

I think waiting is fine. You are still outside the recommended booking range so flights can get cheaper. Set a price alert on Kayak. On the other hand we booked flights to Milan last week for a trip 11 months out. The total fare was $650 but the base fare was only $75, the rest was taxes and fees. I...
by Rainier
Thu Apr 02, 2015 7:30 pm
 
Forum: Personal Consumer Issues
Topic: Failed Aeroflot booking: What to do?
Replies: 48
Views: 2603

Re: Multi-state tax puzzle

I live and work in CT, remind me not to call or email my clients in NY today!
by Rainier
Thu Apr 02, 2015 4:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Multi-state tax puzzle
Replies: 25
Views: 1172

Re: Failed Aeroflot booking: What to do?

I think they are perfectly safe, but connecting through Russia seems like a mistake.

I'd look for other slightly more expensive options.
by Rainier
Thu Apr 02, 2015 4:51 am
 
Forum: Personal Consumer Issues
Topic: Failed Aeroflot booking: What to do?
Replies: 48
Views: 2603

Re: Transferring wealth loophole

You can just give $5m, the lifetime exemption is over $5.3m.
by Rainier
Wed Apr 01, 2015 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transferring wealth loophole
Replies: 17
Views: 2953

Re: Multi-state tax puzzle

We have a company that sells products all over the U.S. and have never received a letter from another state. A company selling products is perhaps different from an individual being 1099'ed. Regardless, I now agree with you that the hypothetical individual has no tax liability in the other states, ...
by Rainier
Wed Apr 01, 2015 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi-state tax puzzle
Replies: 25
Views: 1172

Re: Multi-state tax puzzle

It would be easier just to have a form letter drafted to respond to any state notices. Easier, yes; effective, probably not. If a state receives a copy of a 1099, or W-2, or K-1 that indicates you received income sourced to that state, sending the state a form letter that states differently will be...
by Rainier
Wed Apr 01, 2015 8:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi-state tax puzzle
Replies: 25
Views: 1172

Re: Multi-state tax puzzle

The highlights:

I'm not a resident of XX
I do not perform business in XX
I am not subject to taxation in XX
by Rainier
Wed Apr 01, 2015 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi-state tax puzzle
Replies: 25
Views: 1172

Re: Multi-state tax puzzle

It would be easier just to have a form letter drafted to respond to any state notices.
by Rainier
Wed Apr 01, 2015 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi-state tax puzzle
Replies: 25
Views: 1172

Re: Multi-state tax puzzle

Likely no filing requirement, but be prepared to respond to tax notices from the states if the #s are large enough.
by Rainier
Wed Apr 01, 2015 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi-state tax puzzle
Replies: 25
Views: 1172

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 [stink] to be stuck in a SEP IRA employee plan?
Replies: 8
Views: 888

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: 2789

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: 535

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: 368
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