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Re: Quicken - Investment expenses?

I just did this exact same thing with Quicken 2010 Home & Business version. Go to the register for the 401k account. For the date of the expense I entered two actions: 1. Sold - number of fractional shares and share price = total of expense 2. Misc Expense - Select the security and code the expe...
by Saving$
Sun Apr 20, 2014 6:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quicken - Investment expenses?
Replies: 6
Views: 274

Re: Online Retirement Calculators

Pugs135 wrote:Are there any that take into effect pensions? I have not had much luck finding this option.


Firecalc and Fidelity both do that.
by Saving$
Tue Apr 15, 2014 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Online Retirement Calculators
Replies: 17
Views: 1705

Re: TaxAct question

I use the downloadable version, not the online version, so maybe it is different. When I go to print return, there is a box I can check to include all worksheets. I "print" them to pdf, save and call it done.
by Saving$
Tue Apr 15, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: TaxAct question
Replies: 5
Views: 388

Re: Did not have fun this year doing my taxes- TT

I left Turbotax/Intuit several years ago when they added very intrusive Digital Rights Management that wrote itself on a computer's boot sector. Lately I've also seen articles about Intuit's questionable lobbying tactics. I'm just glad there are other options. I've been using HRBlock (formerly TaxC...
by Saving$
Tue Apr 15, 2014 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did not have fun this year doing my taxes- TT
Replies: 42
Views: 4040

Re: Ugh, Another Mortgage Question - Help Me Decide

So if you don't refi, you have 100% chance of paying your $2700 piti. The taxes & insurance remain the same, and you did not tell us (or I missed it) what portion of $2700 that is. Lets call it $700, so PI is $2000. If you do the PenFed 5/5, you pay $1330/month PI, so savings is $680/month. Even...
by Saving$
Tue Apr 15, 2014 12:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Ugh, Another Mortgage Question - Help Me Decide
Replies: 10
Views: 1066

Re: Taxes: ETF vs MF

Let's say an ETF is created by a sponsor, Livesoft Investment Bank. The ETF is composed of a basket of stocks. To make it simple, let's say the basket of stocks is actually just 2 stocks Apple and Microsoft. Furthermore, let's say that 100 shares of the ETF (call is APMS) is equivalent to 5 shares ...
by Saving$
Sun Apr 13, 2014 8:55 am
 
Forum: Investing - Theory, News & General
Topic: Taxes: ETF vs MF
Replies: 8
Views: 615

Re: Contractor not licensed but insured

Different types of insurance. 1. General Liability - contractor should have. Covers insurable events for which the contractor is liable. Does not cover contractual disputes. But lets say the contractor stacks material, and the stack falls and injures someone not the contractors employee, you claim u...
by Saving$
Sun Apr 13, 2014 8:52 am
 
Forum: Personal Consumer Issues
Topic: Contractor not licensed but insured
Replies: 15
Views: 863

Re: Wife to work as a Contractor - Advice needed

She will not be able to deduct commuting expenses unless she has a home office. If she is not working from home, then her place of business is the place she works. You can't deduct commuting expenses to your place of work, the same as a regular employee, although she can deduct travel expenses if s...
by Saving$
Sat Apr 12, 2014 2:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife to work as a Contractor - Advice needed
Replies: 30
Views: 2136

Re: Taxes: ETF vs MF

Thanks Livesoft. Taxes: I am trying to understand out why (per the Wiki) ETF's are more tax efficient than similar MF shares (except Vanguard - lets leave those out of this for now as there is apparently a unique relationship between VG ETF's and MFs). The Wiki's stated reason for this is: "ETF...
by Saving$
Sat Apr 12, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Taxes: ETF vs MF
Replies: 8
Views: 615

Taxes: ETF vs MF

I've read the wiki & the 4-5 forum threads, and am still confused. Under advantages for ETF's, the wiki states: "More tax-efficient than even identical mutual funds (except for Vanguard's): ETFs can get rid of capital gains when shares are redeemed, resulting in less or no capital gain dist...
by Saving$
Sat Apr 12, 2014 11:17 am
 
Forum: Investing - Theory, News & General
Topic: Taxes: ETF vs MF
Replies: 8
Views: 615

Re: Newbie 401K Advice Needed

You have the money going into low cost funds. Your best bet here is to stop obsessing about exact allocation, and start figuring out how to contribute the most money possible. In summary, you should do this: 1. Contribute to your 401k up to the employer match (done?) 2. Contribute to spouse's TSERS ...
by Saving$
Sat Apr 12, 2014 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie 401K Advice Needed
Replies: 43
Views: 3193

Re: 28 year old - Trying to get started investing

Thanks guys. For my 401k, I am currently investing 12% and my company matches another 4%. I figured I'd put as much as I can into the 401k while I can. If your income is $94k and your are investing 12% you are NOT putting as much as you can into the 401k. $17.5/year employee contribution is the max...
by Saving$
Thu Apr 10, 2014 11:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: 28 year old - Trying to get started investing
Replies: 4
Views: 456

Re: 28 year old - Trying to get started investing

1. Right now invest $5500 of that $100k into a ROTH IRA for 2013. You must do this before 4/15/14.
2. Max out your employers 401k.
3. Do a roth for 2014
4. Read this site.
by Saving$
Thu Apr 10, 2014 8:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: 28 year old - Trying to get started investing
Replies: 4
Views: 456

Re: heartbleed - widespread internet security problem

It appears that USAA has implemented a patch. I guess that means that one should change that PW and all related security codes (secret questions, online PIN). https://communities.usaa.com/t5/USAA-News/USAA-Takes-Measures-Against-Heartbleed-Bug/ba-p/25876?sf24845029=1 04-09-2014 01:15 PM heart-bleed...
by Saving$
Thu Apr 10, 2014 8:16 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16466

Re: A story, and a feeling of financial under-accomplishment

You had some rough knocks - they have value in that it teaches you resilience. You did not state your current age, but I'm guessing under 30. You are on the right path and not having debt is tremendous! Congrats! Does your employer offer a 401k? If so, contribute up to the employer match. Do this be...
by Saving$
Thu Apr 10, 2014 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: A story, and a feeling of financial under-accomplishment
Replies: 48
Views: 4174

Re: Wait for better tenant application or approve the one I

I'm posting again because I forgot to include, in my post above that in some states any lease in excess of 12 months falls into a different category, and tenants get additional rights. Just don't go there. The common wisdom above is correct. One year is much better (and I'm a LL). And any lease, no ...
by Saving$
Thu Apr 10, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wait for better tenant application or approve the one I have
Replies: 27
Views: 1579

Re: Worth $1.6m but clueless on investments

You didn't list any retirement accounts in your opening post. If you weren't covered by any retirement plans for 2013, you and your wife would both be eligible for tax deductible contributions to Traditional IRA for 2013. You can each contribute $5,500 to IRA for 2013. That 11k tax deductible contr...
by Saving$
Thu Apr 10, 2014 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Worth $1.6m but clueless on investments
Replies: 15
Views: 3457

Re: Wait for better tenant application or approve the one I

Take this tenant. All the other comments are correct. 1 year lease is normal and in LL's best interest. It does not mean they are going to leave after 1 year, just that they want that flexibility. At renewal time, you sign them up for another year, and you have 2 years. Or if they don't want to sign...
by Saving$
Wed Apr 09, 2014 10:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wait for better tenant application or approve the one I have
Replies: 27
Views: 1579

Re: Heartbleed Web Hack Test on Websites of Interest Here

Wow! USAA, which is so obsessed with security that they broke their own deposit at home system in the name of security, gets an F.
Small bank I use got a B.
by Saving$
Wed Apr 09, 2014 10:02 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16466

Re: Getting over huge mistakes

1. Stop beating yourself up. You're doing well. Even if you were not, past is past. 2. Don't make mistakes in future, so - DO NOT roll over the old 401k to an IRA, just yet. That will limit your ability to do a backdoor Roth in the future. If after analyzing, you can always do it. Just don't do it w...
by Saving$
Wed Apr 09, 2014 9:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting over huge mistakes
Replies: 30
Views: 3307

Re: I'm 23. What else should I be doing financially? TIA.

This is definitely on my list of to-do's. I figure I start with a 2 unit property, and the wife & I will live in one. This will allow us to start slow & small and see how we like landlording. Addditionally, I don't think one other tenant will be overwhelming in terms of repairs, rent collec...
by Saving$
Tue Apr 08, 2014 10:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm 23. What else should I be doing financially? TIA.
Replies: 10
Views: 1237

Re: Help getting started with 401k and other investments

Questions: 1. How is my current 401k allocation? This allocation was selected and is managed by Merrill Lynch but I'm wondering if perhaps I should be swapping out some of the higher expense ratio funds and just invest more in the lower cost funds? 2. This current 401k is a Roth 401k as I was told ...
by Saving$
Tue Apr 08, 2014 10:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help getting started with 401k and other investments
Replies: 14
Views: 666

Re: Roadtrip to Hoover Dam,Grand Canyon,Sedona,Phoenix

Some ideas that come to mind: Arcosanti - a place to buy cast bells and view a vision of an alternative community - just off I-17 south of Sedona. http://arcosanti.org/ (bells also sold in Scottsdale location) Montezuma Castle and Montezuma Well - concur on this for some ancient culture study Jerom...
by Saving$
Mon Apr 07, 2014 10:01 pm
 
Forum: Personal Consumer Issues
Topic: Roadtrip to Hoover Dam,Grand Canyon,Sedona,Phoenix
Replies: 26
Views: 1068

Re: Retired: When to move?

What I did in that year is systematically get rid of stuff. For a lot of those things it was simply seeing them in a different light. Things look different when your brain changes from "I'll probably move someday" to "I'm moving next year". There were things I looked at daily fo...
by Saving$
Mon Apr 07, 2014 9:44 pm
 
Forum: Personal Consumer Issues
Topic: Retired: When to move?
Replies: 43
Views: 3996

Re: Property investment: should my name be on the deed?

1. Don't do it. 2. If you must, form an LLC and the LLC buys the townhouse. 3. What is the agreement on how the contractor will price his work? Labor rates? His/Her management time? Profit? Office overhead attributable to this project? Ask to receive the complete financials on three recent projects ...
by Saving$
Mon Apr 07, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Property investment: should my name be on the deed?
Replies: 15
Views: 701

Re: 401k to pay off condo to make it a rental

Bad idea. 1. Stating you need to take money out of the 401k to pay off the mortgage indicates you do not have other cash saved. Where is the down payment for a house coming from? 2. Does your condo allow rentals? 3. How good are you at saying NO? If you are in any way a push over or a "nice guy...
by Saving$
Mon Apr 07, 2014 9:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k to pay off condo to make it a rental
Replies: 7
Views: 577

Re: I'm 23. What else should I be doing financially? TIA.

Great start. 1. Try to max the 401k's, not just to the match. At $110k you should be able to do this. 2. HSA is different than FSA. You don't lose the HSA. If you are eligible for an HSA, might even do that before a 401k, and then resolve never to use the HSA money. Google. 3. Save for a house. Thin...
by Saving$
Mon Apr 07, 2014 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm 23. What else should I be doing financially? TIA.
Replies: 10
Views: 1237

Re: My situation

Emergency funds/savings: $15,000 (in savings account earning 0.90% interest) Debt: None Right now I'm living with my parents because of bad financial situation that happened a couple of years ago. Completely debt free (paid off $11,000 of credit card debt!). My salary last year was $50,000, but thi...
by Saving$
Mon Apr 07, 2014 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: My situation
Replies: 7
Views: 910

Re: Portfolio and game-plan checkup for 34 year old couple

1. RE: IRA: Search this site for "Backdoor Roth" for when you exceed Roth income limits. 2. You may wish to look into the PenFed 5/5 Arm currently at 2.875% with no closing costs. I would build a spreadsheet to show how long it will take to pay off the existing mortgage with the extra $8k ...
by Saving$
Mon Apr 07, 2014 8:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio and game-plan checkup for 34 year old couple
Replies: 5
Views: 875

Re: How am I doing - stress check UPDATED with INFO

Good to hear you paid off the 2nd mortgage. Now do the following, in order of timing priority: 1. Put $5500 for you and your wife into a traditional IRA (nondeductible) for 2013 NOW; That takes care of $11k. Stop reading and do #1 now, because as of 4/15/14 you can no longer contribute for 2013. DO ...
by Saving$
Mon Apr 07, 2014 7:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: How am I doing - stress check UPDATED with INFO
Replies: 14
Views: 1596

Re: Reaching $1M in Total Assets

Um, you have not provided anywhere near enough info to answer that question. You put 13% of income to your 401k. 13% of $50k? ($6500); 13% of $100k ($13k); 13% of $??? If you are trying to get there with only 401k contributions, it will be a long haul. Spend less than you earn, and save. If you earn...
by Saving$
Thu Apr 03, 2014 9:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reaching $1M in Total Assets
Replies: 35
Views: 5881

Re: Expensive hobbies and possessions? (B/c you can...)

Organic foods. I figure I can afford it, might as well be as healthy as possible. Expensive shoes that REALLY fit well and don't hurt my strange size feet. I figure I can afford it, and I'm over wearing shoes that are uncomfortable or worse cause blisters. I still look for them on sale, but recently...
by Saving$
Mon Mar 31, 2014 11:15 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 9237

Re: Poll: how did you decide on stock/bond allocation?

I read this board, and the Wiki, and started out thinking Age -10 in bonds, balance in stocks. Then I tried to figure out how rental real estate should affect that asset allocation. Finally decided rental real estate probably acts about 60-70% like a bond, and 30-40% like a stock, but as a rather no...
by Saving$
Sun Mar 30, 2014 12:39 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: how did you decide on stock/bond allocation?
Replies: 35
Views: 1862

Re: New Friends are the Anti-Bogleheads, what to do?

"ethical". Do you really mean to invoke this concept? Definition of ethical means a determination of morality. Are you saying that this young doctor and this young lawyer are unethical and immoral regarding their decisions on how to spend their well-deserved earnings? I'm saying it's immo...
by Saving$
Sun Mar 30, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8428

Re: Being older/younger in class -- benefits, issues?

Definite and strong vote for being the oldest. Absolutely no downsides long term. When I was an 18 year old high school senior I certainly wanted to move on with things faster but in the long view, the benefits were enormous. - I was more emotionally mature - I was poor at sports, so being among the...
by Saving$
Sat Mar 29, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Being older/younger in class -- benefits, issues?
Replies: 98
Views: 4861

Re: Do you have hardwood or tile in your kitchen?

Hardwood, by choice. Installed it over 10 years ago, still looks great.

Using the same flooring throughout a level makes the space seem larger, especially if you have an open floor plan.
by Saving$
Fri Mar 28, 2014 9:16 pm
 
Forum: Personal Consumer Issues
Topic: Do you have hardwood or tile in your kitchen?
Replies: 57
Views: 3120

Re: Free Alternative to Quickbooks

Helped a friend find a solution to accounting for a small nonprofit. Used Wave Software online after reviewing about 10 online solutions. I would never do this for my personal finances because I would not put them online. But for the nonprofit neighborhood group, it works great.
by Saving$
Thu Mar 27, 2014 8:47 pm
 
Forum: Personal Consumer Issues
Topic: Free Alternative to Quickbooks
Replies: 4
Views: 378

Re: Discovered reason for taxable savings/investment

Instead of taking a distribution from your Roth, would reversing part of your contribution count against you?
by Saving$
Wed Mar 26, 2014 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Discovered reason for taxable savings/investment
Replies: 11
Views: 1425

Re: 35 year old need help with financial life

OK, you won't pay off the mortgage, we will leave that alone. Advice might be better if you would provide current income, but ok, will go with advice that will work for whatever income. 1. $5.5k into a Roth IRA for 2013 NOW - must do before 4/15/14; Vanguard Total Stock or equivalent at Fido, etc. 2...
by Saving$
Wed Mar 26, 2014 11:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: 35 year old need help with financial life
Replies: 23
Views: 2240

Re: renting out condo management fees

First month's rent plus 7% to 10% is the standard every time I have researched. Once the monthly rents are above about $2k, you can start to negotiate for the lower end of that percentage range as well as less than the first month's rent. The fundamental problem with this model is that it awards pro...
by Saving$
Sun Mar 23, 2014 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: renting out condo management fees
Replies: 17
Views: 928

Re: Solo 401k Form 5500 requirements; Filed 5500 are public!

5500 EZ can not be filed electronically, and does not seem included in the above publicly searchable info. Are you sure of this? They do not seem to appear here: https://www.efast.dol.gov/portal/app/disseminate?execution=e2s1 For reference, the following text is taken from the instructions of the 2...
by Saving$
Sat Mar 22, 2014 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: Solo 401k Form 5500 requirements; Filed 5500 are public!
Replies: 6
Views: 758

Investing in Taxable: Allocation change if early withdrawal?

After researching the Wiki and forum posts, the conventional wisdom for taxable accounts seems to be to hold Total International Stock fund there, because as a stock fund any income is taxable at the lower cap gains rate, and because as international there may be some slight tax credit for foreign t...
by Saving$
Sat Mar 22, 2014 11:47 am
 
Forum: Investing - Theory, News & General
Topic: Investing in Taxable: Allocation change if early withdrawal?
Replies: 5
Views: 286

Solo 401k Form 5500 requirements; Filed 5500 are public!

Solo 401k's with assets in excess of $250k at the end of the tax year are supposed to file form 5500. I (unfortunately?) don't have this problem now, but am looking for general information in case I should. Appears single participant plans can use either form 5500 EZ or 5500 SF. - 5500 SF can only b...
by Saving$
Sat Mar 22, 2014 11:29 am
 
Forum: Investing - Theory, News & General
Topic: Solo 401k Form 5500 requirements; Filed 5500 are public!
Replies: 6
Views: 758

Re: foreign sales people calling 5 times daily

That Nomorobo site has the seeds of a great Onion ad. It asks me for an email address before giving even the slightest clue of how it works or what they're going to do for me. Or, for that matter, with my email address. Well, not quite that last-- from their privacy policy, basically the only addit...
by Saving$
Sat Mar 22, 2014 9:42 am
 
Forum: Personal Consumer Issues
Topic: foreign sales people calling 5 times daily
Replies: 41
Views: 2653

Re: Rule of thumb for replacing a used car?

I'd figure out what I could sell it for, and try to avoid putting more into it than I could get out of it. If you could sell if for $3k, an $800 repair makes sense. If sales net is only $1k, $800 repair starts to make less sense. Get rid of it before the repair costs are more than the sales value.
by Saving$
Fri Mar 21, 2014 4:54 pm
 
Forum: Personal Consumer Issues
Topic: Rule of thumb for replacing a used car?
Replies: 27
Views: 1784

Normal Stock Shares vs Policy Holder Trust: Difference?

What is the difference between normal shares of stock (in which the stock holder owns a partial share of the company) and shares in something called a "Policy Holder Trust." I've googled but cannot find a clear answer. I'm helping a friend consolidate everything at Vanguard, and one holdin...
by Saving$
Sun Mar 09, 2014 6:27 pm
 
Forum: Investing - Theory, News & General
Topic: Normal Stock Shares vs Policy Holder Trust: Difference?
Replies: 0
Views: 129

Re: [POLL] What do Bogleheads DRINK?

investingdad wrote:In my case, 'Other' is seltzer.


>90% seltzer and <10% juice.
by Saving$
Tue Mar 04, 2014 4:58 am
 
Forum: Personal Consumer Issues
Topic: [POLL] What do Bogleheads DRINK?
Replies: 72
Views: 3760

Re: Best Savings Account for Newbie

sadinvestor wrote:
Saving$ wrote:SFGI direct online banking at 1.01 apy until you figure out how to invest a sizable portion of that.


Is SFGI safe ? I liked GE and discover one.


As far as I can tell it is FDIC insured.
by Saving$
Tue Mar 04, 2014 3:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Best Savings Account for Newbie
Replies: 12
Views: 847

Re: Financial advisor wants me to roll a 401(k) into an IRA?

1. Don't do it. DO NOT. 2. Fire this advisor. 3. Don't roll an IRA from a good 401k - it will make a backdoor Roth more difficult 4. Read here. You are smart enough to figure this out. Think of it like this. You are going to pay this advisor and every time he gives you advice, you are going to resea...
by Saving$
Tue Mar 04, 2014 3:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial advisor wants me to roll a 401(k) into an IRA?
Replies: 98
Views: 6502
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