Search found 2198 matches

by Spirit Rider
Sun Aug 02, 2015 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord Question - Military Tenant
Replies: 17
Views: 700

Re: Landlord Question - Military Tenant

Even if it were possible, shame on you for wanting to take such an action against one of our service members. They are defending your ability to rent that property and you want to take advantage of the situation. Taking advantage of the situation? I'm letting them go no problem, deposit refunded an...
by Spirit Rider
Sun Aug 02, 2015 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help with old 401(k) plan termination
Replies: 5
Views: 273

Re: Help with old 401(k) plan termination

First, you do not want to have a distribution and then roll it over. This will incur 20% income tax withholding. You will have make up this 20% with other funds and net rollover amount or the 20% will be a non-qualified distribution. This will be taxed as ordinary income and subject to an early dist...
by Spirit Rider
Sun Aug 02, 2015 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord Question - Military Tenant
Replies: 17
Views: 700

Re: Landlord Question - Military Tenant

What do the terms of your lease say. Generally, tenets are joint and severally liable. That is meant to enforce the full terms of the lease on the last man standing. This is the opposite to what you want to do. I would be very surprised if your lease allows you to terminate the lease in such a circu...
by Spirit Rider
Sat Aug 01, 2015 8:09 pm
Forum: Personal Consumer Issues
Topic: is 7200 rpm hard drive that much faster than 5400 rpm?
Replies: 39
Views: 1743

Re: is 7200 rpm hard drive that much faster than 5400 rpm?

Programmers spend most of their day reading and typing. And, oh yeah, thinking. And the hard drive is doing nothing but burning electricity at that point. If someone claims they can tell the difference in rpms between two hard drives they must be selling hard drives. Code much, I think not. Anyone ...
by Spirit Rider
Sat Aug 01, 2015 5:57 pm
Forum: Investing - Theory, News & General
Topic: solo 401k employer contributions mid-year
Replies: 6
Views: 415

Re: solo 401k employer contributions mid-year

The maximum Solo 401k employer contribution is 20% of Self-Employment (SE) income. SE income is net business profit - 1/2 SE tax. Where SE income <= the SS max wage base (2015 = $118,500), the contribution works out to be 18.587% of SE income. As your income goes above the SS max wage base the perce...
by Spirit Rider
Sat Aug 01, 2015 4:03 pm
Forum: Personal Consumer Issues
Topic: AAA Plus worth it?
Replies: 25
Views: 1454

Re: AAA Plus worth it?

AAA has three components; (1) discounts, (2) roadside assistance (lockout, jumpstart, gas, etc...) and (3) towing: (1) Discounts can generally pay for the basic service. (2) Roadside assistance provides convenient one-stop service when you are away from home. (3) Towing also provides one-stop servic...
by Spirit Rider
Fri Jul 31, 2015 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 35
Views: 1525

Re: COBRA Vs ACA after job loss and move

Under the ACA, colonoscopies and other screening services are considered preventive services. There is no cost sharing regardless whether it is an individual plan or a group plan. Your employer's COBRA could (but unlikely) have a grandfathered plan where the ACA requirements on no cost screening doe...
by Spirit Rider
Fri Jul 31, 2015 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a franchise
Replies: 27
Views: 2654

Re: Opening a franchise

You say you are in the food service business, but as a controller. Do you have any direct experience in managing or at least working in a sub shop, pizza shop, etc.. Most legitimate franchise companies will not sell franchises to individuals without primary experience. With good reason, it is a good...
by Spirit Rider
Fri Jul 31, 2015 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Selling employee stock options
Replies: 7
Views: 579

Re: Selling employee stock options

It depends on the type of options and whether or not you have exercised them. With plain vanilla Employee Stock Options, the difference between the exercise price and the strike price is consider compensation. This means it is taxed as ordinary income. Any gain from exercise date to sell date is cap...
by Spirit Rider
Fri Jul 31, 2015 10:25 am
Forum: Investing - Help with Personal Investments
Topic: What to do with very small 401k from previous employer
Replies: 27
Views: 885

Re: What to do with very small 401k from previous employer

DDMP20 wrote:I just checked and I have $1500 left that I can contribute for 2015. Talk about close.

As I said before, rollovers and conversions have nothing to do with your IRA contribution limits. You can convert this amount and still contribute the full $5500 to your Roth IRA.
by Spirit Rider
Fri Jul 31, 2015 10:19 am
Forum: Investing - Theory, News & General
Topic: Folks using HSAs for retirement- how are you dealing with the "date opened?"
Replies: 3
Views: 449

Re: Folks using HSAs for retirement- how are you dealing with the "date opened?"

I would have thought it would pertain to the first HSA that you ever opened rather than the current one so keep evidence of when you opened that first account. I think it does, actually, now that I'm looking at Pub. 969: For HSA purposes, expenses incurred before you es- tablish your HSA are not qu...
by Spirit Rider
Fri Jul 31, 2015 9:40 am
Forum: Investing - Help with Personal Investments
Topic: What to do with very small 401k from previous employer
Replies: 27
Views: 885

Re: What to do with very small 401k from previous employer

Rollovers to IRAs, whether traditional or ROTH do not affect your contribution limit. So you could rollover this full amount to a traditional IRA or to a Roth IRA and still contribute the full $5500 to all IRAs combined. Also, a Roth conversion is not an early withdrawal, the conversion would only ...
by Spirit Rider
Fri Jul 31, 2015 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Careers: MD, Non-MD, MBA, Engineering, Law, Teaching
Replies: 58
Views: 4454

Re: Careers: MD, Non-MD, MBA, Engineering, Law, Teaching

Also, MBA is a degree not a career. Are you interested in Finance, Business Management, Marketing, etc... Engineers and any other STEM graduates might get an MBA. For that matter, any career track can lend itself to getting an MBA.
by Spirit Rider
Fri Jul 31, 2015 9:22 am
Forum: Investing - Help with Personal Investments
Topic: What to do with very small 401k from previous employer
Replies: 27
Views: 885

Re: What to do with very small 401k from previous employer

I don't know. Can I? I don't currently have a traditional IRA. Just a Roth. If I were to open a new traditional IRA just for the purpose of rolling this over into it to defer the taxes I would still only be able to contribute the max of $5500 annually between the two of them and not to each right? ...
by Spirit Rider
Fri Jul 31, 2015 8:26 am
Forum: Local Chapters and Bogleheads Community
Topic: bogleheadism == Vanguard?
Replies: 65
Views: 4304

Re: bogleheadism == Vanguard?

For the longest time, Vanguard was virtually the only game in town for low cost index funds. Many in this forum came over from the Diehards forum on Morningstar. You have to understand the long and storied history. There definitely is a certain affinity and loyalty to Vanguard. This is legitimately ...
by Spirit Rider
Thu Jul 30, 2015 2:03 pm
Forum: Personal Consumer Issues
Topic: Durability of consumer goods
Replies: 44
Views: 2443

Re: Durability of consumer goods

How many years of use do you consider these products to be a good value? Routine maintenance is implied. HVAC - 10 years - 19 years and going strong Oops, jinxed myself. On the most brutal day of the summer so far (more humidity than temp), the A/C has stopping working. Trouble shooting right now.
by Spirit Rider
Wed Jul 29, 2015 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Release of Parental Financial Liability?
Replies: 20
Views: 2036

Re: Release of Parental Financial Liability?

Last time I checked you are an adult at 18. It used to be 21 pretty much everywhere until the Vietnam War Era. Then it was popular to change it to 18. If you were old enough to fight and die, you were old enough to be an adult, vote, drink alcohol, etc...). Some only recently changed to 18 and of c...
by Spirit Rider
Tue Jul 28, 2015 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Hefty Medical Bill
Replies: 38
Views: 2879

Re: Hefty Medical Bill

Thomas Hunt Morgan wrote:You are very close to the limit to enroll in cobra ( The later of 60days from leaving job or receipt of notification of COBRA eligibility)

It is only 60 days from notification, when you separate is not a factor.
by Spirit Rider
Tue Jul 28, 2015 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Medical Expenses in Retirement
Replies: 18
Views: 1385

Re: Handling Medical Expenses in Retirement

drawpoker are you psychic? The OP never said anything that even slightly inferred anything about dental, vision, hearing, etc.. You were the only one in this thread to mention those things. The OP did mention the word medical seven (7) times and mentioned out-of-pocket medical expenses three (3) tim...
by Spirit Rider
Tue Jul 28, 2015 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Hefty Medical Bill
Replies: 38
Views: 2879

Re: Hefty Medical Bill

An employer does not sign-up for COBRA. It is a law and still in force after ACA. You are immediately covered if your prior employer had more than 20 employees for more than 50% of the days in 2014. It makes no difference to your previous employer. The law requirements are on the insurance company t...
by Spirit Rider
Tue Jul 28, 2015 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Hypothetical - i401k rollover to SEP IRA
Replies: 7
Views: 272

Re: Hypothetical - i401k rollover to SEP IRA

Rollovers from Solo 401k plans to SEP IRAs are hypothetically permitted. However, as JDDS stated, employee salary deferrals are not permitted to be rolled over before age 59 1/2. Employer contributions can be rolled over. Rollovers also have to be allowed by the plan rules. You may not maintain a 53...
by Spirit Rider
Tue Jul 28, 2015 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Medical Expenses in Retirement
Replies: 18
Views: 1385

Re: Handling Medical Expenses in Retirement

If you obtain Medigap (supplemental) insurance, you do not incur any out of pocket expenses for Hospitalization, Out-patient and Medical expenses (such as doctor visits). The monthly premium is rather high for Medigap plans. This is only true for Plan F and define high, in many states Plan F premiu...
by Spirit Rider
Tue Jul 28, 2015 5:57 pm
Forum: Personal Consumer Issues
Topic: Well water did not pass total coliform bacteria
Replies: 13
Views: 1428

Re: Well water did not pass total coliform bacteria

Just out of curiosity, do you folks test the well water at some interval? Ours tested clean when we bought the house (2007) but we've never tested it since. I do the general tests every 5 years and the radiological tests every 10. Some recommend doing it more often than this. They really are not ve...
by Spirit Rider
Tue Jul 28, 2015 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Question on beneficiaries
Replies: 12
Views: 809

Re: Question on beneficiaries

Boy, I would be a little upset if I was your wife. I understand the intent, but you don't pay enough attention to accounts to change the name in the event you get divorced. The beneficiary designation sounds like you are planning on a divorce in the future. IMO, this is a gross overreaction. "...
by Spirit Rider
Tue Jul 28, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Question on beneficiaries
Replies: 12
Views: 809

Re: Question on beneficiaries

Boy, I would be a little upset if I was your wife. I understand the intent, but you don't pay enough attention to accounts to change the name in the event you get divorced. The beneficiary designation sounds like you are planning on a divorce in the future.
by Spirit Rider
Tue Jul 28, 2015 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) and Social Security
Replies: 7
Views: 470

Re: Solo 401(k) and Social Security

http://www.bankrate.com/calculators/retirement/self-employed-401-k-calculator.aspx I don't know what the highlighted number is: ... The link in the original post provides all the numbers. It is true the contribution itself is deducted from net self-employment income (net business - 1/2 SE tax) and ...
by Spirit Rider
Mon Jul 27, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2268

Re: Individual 401K

You might not want to rollover a previous employer's 401k, because an employer 401k has full ERISA protection against creditors and an individual 401k does not. I wonder if that it always true. I opened a i401k and checked the box Yes to answer this question: "Does the employer intend to opera...
by Spirit Rider
Mon Jul 27, 2015 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) and Social Security
Replies: 7
Views: 470

Re: Solo 401(k) and Social Security

$50,000 is what you made from your business in 2015. (You spent $0 on business related things that you are claiming on your taxes.) $37,173 is your Adjusted Earned Income from that $50k after Medicare Tax and SS(employer) Tax and SS(employee) Tax are deducted. $ 9,293 is your max Employer Solo 401(...
by Spirit Rider
Mon Jul 27, 2015 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2268

Re: Individual 401K

You might not want to rollover a previous employer's 401k, because an employer 401k has full ERISA protection against creditors and an individual 401k does not.
by Spirit Rider
Mon Jul 27, 2015 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401K
Replies: 45
Views: 2268

Re: Individual 401K

You bring up a good point about rolling over my previous retirements accounts. Is there any rationale as to why one chooses to rollover besides the obvious such as high fee options or not enough options? The TIAA offers a unique vehicle to invest in a real estate fund that is unlike any others offe...
by Spirit Rider
Mon Jul 27, 2015 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help--> Buying car from private seller
Replies: 13
Views: 1054

Re: Help--> Buying car from private seller

Find out where the local Honda independent specialist is. Have the car brought there and pay for a pre-purchase inspection. Otherwise, you could be buying someone's problem that they're trying to dump. Car fax may not show problems until it's too late. We bought my son's 350Z and it had a completel...
by Spirit Rider
Mon Jul 27, 2015 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: What advice would you give...Salary bumping up from 37k to 45k annually
Replies: 15
Views: 1372

Re: What advice would you give...Salary bumping up from 37k to 45k annually

A cautionary note about "401(k) is through Fidelity". Fidelity does have a range of low cost index funds (more recently). However, they have many more expensive funds and that is just for direct funds they provide. Fidelity is also one of the largest providers of 401k custodian services to...
by Spirit Rider
Mon Jul 27, 2015 9:48 am
Forum: Personal Consumer Issues
Topic: Durability of consumer goods
Replies: 44
Views: 2443

Re: Durability of consumer goods

Interesting on landline phones. The old pulse code dialing ones don't work anymore, so your phone had a switch that updated it? I don't know where you got this misinformation. Certain VOIP ATAs, VOIP providers, and Central Offices (CO) may have removed this functionality, but pulse dialing is still...
by Spirit Rider
Sun Jul 26, 2015 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: I'm a spender?
Replies: 44
Views: 5776

Re: I'm a spender?

I have another question for the rest of the Bogleheads. I know investing versus paying down debt is a perennial question. I am currently contributing enough to my 401k to receive the company match, but am not contributing the maximum. I am not married and am in a high marginal tax bracket subject t...
by Spirit Rider
Sun Jul 26, 2015 8:24 pm
Forum: Personal Consumer Issues
Topic: Durability of consumer goods
Replies: 44
Views: 2443

Re: Durability of consumer goods

How many years of use do you consider these products to be a good value? Routine maintenance is implied. Here are my 'expectations' for goods that are purchased in the moderate price range. Ok, I'll bite with anecdotal info. Automobile - 10 years - in 40 years 8-12 years Refrigerator - 10 years - 2...
by Spirit Rider
Sun Jul 26, 2015 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 100% of low income to a 401(k)
Replies: 2
Views: 439

Re: Investing 100% of low income to a 401(k)

As a follow on to livesoft's reply. As indicated by the IRS snippet you posted, you can contribute 100% of "earned income". Self employment earned income is net business profit - 1/2 Self-Employment (SE) tax. So the steps to calculate earned income would be: ⋅ Net business profit...
by Spirit Rider
Sat Jul 25, 2015 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 3005

Re: Golden handcuffs - help with vested retirement plan

I am curious what the end game is for this hospital? They want their doctors to stay for a decent period. In general, what is the end game for all anticompetitive tactics that companies utilize? There is nothing "anticompetitive" about this. That term would refer to their actions vis-à-vi...
by Spirit Rider
Fri Jul 24, 2015 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better for Grandparent or Parent Open 529 for Child?
Replies: 9
Views: 957

Re: Is it better for Grandparent or Parent Open 529 for Child?

All of the posts concern themselves only with the FSFSA. However, grandparent owned 529s are required to be reported on the CSS profile.

Most all of the private universities and colleges and some of the more prestigious public universities and colleges use the CSS profile in addition to the FAFSA.
by Spirit Rider
Fri Jul 24, 2015 4:29 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3734

Re: How to pay taxes on blog income?

Why not an individual 401(k)? At lower income levels, a SIMPLE can sometimes make sense in that it allows for a higher contribution due to the different definition of "net earnings from self-employment." Could you enlighten us on this. I am not aware of anything about self-employment inco...
by Spirit Rider
Fri Jul 24, 2015 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for children?
Replies: 23
Views: 1901

Re: Roth IRA for children?

You also want to avoid the child paying SS taxes on the "earnings". The IRS website states that's ok as long as you run a business organized as a Sole Prop or husband and wife partnership. No S-Corps, no C-Corps. But just paying "wages" for household chores wouldn't make the cut...
by Spirit Rider
Fri Jul 24, 2015 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Solo401K recommendation
Replies: 34
Views: 2078

Re: Solo401K recommendation

Regarding Vanguard not having Admiral funds in their Individual 401k accounts... this is true. However, investors in Vanguards 401k accounts can do an in-service transfer of either Deferred funds from a I401k to a Rollover IRA OR Roth funds from a I401k to a Roth IRA account. There is no charge for...
by Spirit Rider
Thu Jul 23, 2015 11:29 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3734

Re: How to pay taxes on blog income?

Why not an individual 401(k)? At lower income levels, a SIMPLE can sometimes make sense in that it allows for a higher contribution due to the different definition of "net earnings from self-employment." Could you enlighten us on this. I am not aware of anything about self-employment inco...
by Spirit Rider
Thu Jul 23, 2015 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Quick question on Vanguard i401(k)
Replies: 14
Views: 759

Re: Quick question on Vanguard i401(k)

1. Yes, a governmental 457b -> 401k rollover is permitted.. IRS Rollover Chart
2. Either a traditional IRA or a Roth IRA as a taxable event.

I have no idea on whether Vanguard will accept a rollover from a governmental 457b -> i401k.
by Spirit Rider
Thu Jul 23, 2015 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Solo401K recommendation
Replies: 34
Views: 2078

Re: Solo401K recommendation

May be this is not really directly related to the topic, why S corp? not LLC, I was always told go with LLC? One primary benefit of an S-Corp over an LLC is the ability to shield some income from payroll (FICA )taxes. With an S-Corp you pay yourself a W-2 salary (subject to FICA) and the balance of...
by Spirit Rider
Thu Jul 23, 2015 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for children?
Replies: 23
Views: 1901

Re: Roth IRA for children?

I would theoretically "pay" the child exactly $5500 per year Yeah, nothing about the exactly part would throw any read flags to the IRS. Notwithstanding the previous post that this must either be the child's earnings from a third party or for a legitimate marketing campaign of a business ...
by Spirit Rider
Thu Jul 23, 2015 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can I open a 529 for a nephew?
Replies: 5
Views: 592

Re: Can I open a 529 for a nephew?

This is an especially good idea because at FAFSA time, this 529 plan won't show up as parents assets. The funds used become the student's income once used but there is a $6260 allowance on student income before it is considered available for college expenses. If the student works, subtract the wage...
by Spirit Rider
Thu Jul 23, 2015 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Solo401K recommendation
Replies: 34
Views: 2078

Re: Solo401K recommendation

Why is Fidelity not my favorite firm? The expense ratios are a little higher than Vanguard even when you have over 10K in a fund. Sorry, but this gets said repeatedly on this board as though it is gospel, and many believe it, it simply is NOT true. Fidelity on balance has lower expense ratios and t...
by Spirit Rider
Wed Jul 22, 2015 12:50 pm
Forum: Investing - Theory, News & General
Topic: Why I Said "No" to Peer-to-Peer Lending
Replies: 66
Views: 6056

Re: Why I Said "No" to Peer-to-Peer Lending

If returns are in the range of 8-9% in good years, bad years would have to be awful to make the long-term rate of return worse than most other fixed income. Tell that to people who made Prosper and Lending Club loans 2007 - 2009. Many of them ultimately had greater than half of their loans in defau...
by Spirit Rider
Tue Jul 21, 2015 10:44 pm
Forum: Investing - Theory, News & General
Topic: Correlations, eh?
Replies: 18
Views: 2799

Re: Correlations, eh?

However, one thing missing from this is the standard deviations of the correlations over time. Correlations have not always been true to form. You would take the correlations over a given period and sampling frequency and compute the standard deviation or a coefficient of variation may be more usef...
by Spirit Rider
Tue Jul 21, 2015 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Treatment of ESPP
Replies: 3
Views: 379

Re: Tax Treatment of ESPP

Ah yes, the magical mystery tour of RSUs, ISOs, ESOs, Qualified ESPPs, Non-qualified ESPPs, etc...

A veritable minefield of tax liabilities, waiting to turn the unsuspecting employee into a tax paraplegic.

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