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Re: Question about Excluding the Gain from Sale of Home

Thanks!

If I understand correctly, we're golden: The amount we're selling it for is less than $250K more than the purchase price. If I understand correctly, the two adjustments you mentioned would just make the calculation go even further in our favor.
by bUU
Wed Oct 22, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about Excluding the Gain from Sale of Home
Replies: 5
Views: 335

Question about Excluding the Gain from Sale of Home

I've read it over and just want some clarity. It seems very straightforward to me: If you live in a home you own for two years, and you have a $250K gain on the home, the gain isn't taxed. And you can do that every two years? For some reason I thought the exclusion was a one-time thing. Can someone ...
by bUU
Wed Oct 22, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about Excluding the Gain from Sale of Home
Replies: 5
Views: 335

Re: Advice for [Religious Investor]

For what specific investment objectives, and under what specific conditions? It seems to me that the answer to that question would necessarily need to follow from a scenario presented as per viewtopic.php?f=1&t=6212
by bUU
Sat Apr 26, 2014 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6761

Re: Advice for [Religious Investor]

I cannot speak to the others, but I have held AMAGX for almost a decade, and its portfolio has changed over that time, albeit quite slowly (turnover = 1%). It is still way too much work, for me, to have tracked the fund for the purpose of co-opting its portfolio selections, and made changes to my po...
by bUU
Fri Apr 25, 2014 9:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice [on Shariah compliant investment products]
Replies: 60
Views: 6761

Re: Fidelity Full View

The password lockers I was referring to are indeed similar.
by bUU
Thu Apr 17, 2014 3:45 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity Full View
Replies: 23
Views: 3344

Re: 401(k) HCE provision - How does it actually work?

Self-ed only works when you have a head for that kind of thing - I do not - and that's putting aside the fact that it is unreasonable to expect individual HCEs to pay $700 to make sure that their company isn't just making it up as they go along.
by bUU
Wed Apr 02, 2014 12:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) HCE provision - How does it actually work?
Replies: 16
Views: 914

Re: 401(k) HCE provision - How does it actually work?

Howdy. I'm back with more HCE questions. Could someone help me understand the laws regarding ADP with regard to the testing being done in the context of the corporate parent instead of on the plan level? We are owned by another company 98%-100% and I've been informed that the ADP test, which I was s...
by bUU
Wed Apr 02, 2014 5:20 am
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) HCE provision - How does it actually work?
Replies: 16
Views: 914

Re: Forgot to file form 8606 (Non Deductible IRA)

Hello everyone, Over the years, I sometimes put money in IRA but forgot to file form 8606. What's the best way to correct this issue? I've moved the IRA accounts around as well as combine.mix them up in the mean time, too. Thanks in advance. It is a very good idea to update your 8606 every year and...
by bUU
Mon Mar 17, 2014 6:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Forgot to file form 8606 (Non Deductible IRA)
Replies: 9
Views: 1050

Re: New PenFed CD rates!

Tangential and relatively inconsequential question... for folks who use Quicken and have started a ladder at PenFed, do different CDs come in as separate accounts?
by bUU
Sat Jan 18, 2014 8:00 am
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 37623

Re: Help me divorce my individual stocks

leonard wrote:
Call_Me_Op wrote:Hang onto them, and just buy index funds with new money. It's not a sin to hold individuals - just taking uncompestaed risk.


since when is taking uncompensated risk NOT a sin.

When the spouse says so.

Sometimes we have to answer to an even higher authority than Bogle.
by bUU
Mon Nov 25, 2013 9:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me divorce my individual stocks
Replies: 11
Views: 1173

Re: Sell or not?

Interesting... side question that that raises: Is it possible to donate appreciated ESPP shares? I assume the deduction discounted by the ESPP discount, yes?
by bUU
Sun Nov 24, 2013 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sell or not?
Replies: 5
Views: 380

Sell or not?

While I've been working to improve the overall complexion of our investment portfolio, there have been smaller concerns that got pushed to the back burner. What follows are the 15 smallest holdings in our portfolio, representing less than 8 1/4% of all our investments. The short form of the question...
by bUU
Sun Nov 24, 2013 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sell or not?
Replies: 5
Views: 380

Re: How do you feel about paperless statements?

Over time paper records gathered a large number of practices designed to ensure their fidelity. Things like signatures, indelible ink, water marks and engraved letter head, notaries and giving copies of a contract to all contracting parties. None of which are found on many of the statements and rec...
by bUU
Wed Nov 20, 2013 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 6001

Re: How do you feel about paperless statements?

How are you going to recover really old records? How are you going to recover really old paper records? How are your going to recover from some big cyber attack on you How are you going to recover from a fire in your house? or you broker/bank? That's not going to be any different whether you keep y...
by bUU
Wed Nov 20, 2013 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 6001

Re: How do you feel about paperless statements?

That was almost twenty years ago and the status of electronic records in the legal system has appreciably changed, and the effective ability to defend the validity of electronic records is substantially assured. Back then I was an auditor auditing compliance to national and international standards, ...
by bUU
Wed Nov 20, 2013 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 6001

Re: How do you feel about paperless statements?

If you're using a brokerage that uses customized watermarked paper for quarterly statements, then maybe that excess expense is something to worry about, itself.
by bUU
Wed Nov 20, 2013 5:11 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 6001

Re: How do you feel about paperless statements?

Paper brokerage statements, bank statements, etc., can be easily forged or fudged. They are no "guarantee" of anything.

The only additional assurance ever provided by paper is for paper that has some type of registered raised seal.
by bUU
Tue Nov 19, 2013 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 6001

Re: Vanguard Wellington instead of total bond market?

Until recently, I was using Wellesley and Wellington as the exclusive containers for our bonds allocation. I still hold Wellington, but the portion of my bonds allocation previously contained in Wellesley is now in THOPX (short-term bond fund) and EAFAX (floating rate fund).
by bUU
Tue Nov 19, 2013 6:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellington instead of total bond market?
Replies: 14
Views: 3788

Re: How do you feel about paperless statements?

1) How do those PDFs get onto the hard drive and into the cloud storage? The same way paper statements would have gotten into a file cabinet. Will you be maintaining those records up until the last minute? Yes. 2) Armed with a death certificate and the right to enter your accounts, how do they ente...
by bUU
Tue Nov 19, 2013 6:32 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 6001

Re: HCE Options [Highly Compensated Employee]

My understanding is that HR has no idea and the plan administrator at Merrill Lynch has no comment. In all my reading, the only choice I see the plan being able to make involves the definition of the look-back year, and the matter of the 20% top compensated. I don't believe I see anything that says ...
by bUU
Mon Nov 18, 2013 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: HCE Options [Highly Compensated Employee]
Replies: 14
Views: 1260

Re: HCE Options [Highly Compensated Employee]

An update... I found IRS Notice 97–45 which outlines somewhat clearly the whole "preceding year" thing. I also found a call for comments on the Notice from December 2012 indicating it was in force at least that recently. I provided copies of the Notice to the new plan sponsor (someone who ...
by bUU
Mon Nov 18, 2013 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: HCE Options [Highly Compensated Employee]
Replies: 14
Views: 1260

Re: How do you feel about paperless statements?

I'm puzzled how the matter of family members gaining access to secure online accounts got mixed up with family members learning about the existence of accounts. The PDFs for all my accounts are on the hard drive on my computer backed-up to cloud storage. The hard drive is analogous to a locked filin...
by bUU
Mon Nov 18, 2013 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 6001

Re: How do you feel about paperless statements?

All paperless statements here. Zero mailed. However I make a PDF of every statement, rather than relying on the company to keep them for me. No paper "permanent records" since 2005. Everything I can predict is on autopay, and those that vary, like credit cards, yes, I go there at least ev...
by bUU
Mon Nov 18, 2013 7:13 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you feel about paperless statements?
Replies: 101
Views: 6001

Re: Barry Ritholtz: Using the news

Barry Ritholtz is a down-to-earth-guy, imho, but I'm biased - we were roommates for a month or so in college and served in student government together. Barry's foray into investment advise is a relatively recent turn, I think -- I think he saw more opportunity there than in just writing. But communi...
by bUU
Sun Nov 17, 2013 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: Barry Ritholtz: Using the news
Replies: 15
Views: 1890

Re: HCE Options [Highly Compensated Employee]

It is based strictly on gross compensation , and from that one employer. It's not based on employee income . The rule is imposed from the employer side, not the employee side, and the employer has no means, nor should have any means, to know an employee's income, adjusted or otherwise, beyond the co...
by bUU
Sun Nov 17, 2013 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: HCE Options [Highly Compensated Employee]
Replies: 14
Views: 1260

Re: HCE Options [Highly Compensated Employee]

Thanks for that input. It's a relief that you aren't considered HCE the first tax year you are over the limit. I am lucky enough that I was disappointed with the pay increase that put me just over the limit (which I wasn't aware of at the time I received the raise) and insisted on and secured anothe...
by bUU
Thu Nov 14, 2013 4:13 am
 
Forum: Personal Finance (Not Investing)
Topic: HCE Options [Highly Compensated Employee]
Replies: 14
Views: 1260

Re: HCE Options [Highly Compensated Employee]

dickenjb wrote:Not everyone can deduct all of their contribution.

Practically no HCEs with a working spouse can deduct any of their contributions to IRAs, so effectively isn't not a means of sheltering wage income. Thanks though.
by bUU
Wed Nov 13, 2013 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: HCE Options [Highly Compensated Employee]
Replies: 14
Views: 1260

Re: HCE Options

The audit of the 401(k) plan (completed in March 2014?) will determine how much an HCE is able to contribute for 2013. It could be $22,141 so if more was contributed it is relatively trivial nowadays to deal with that. The expectation is that the average non-HCE contribution is roughly 4.5%, so tha...
by bUU
Wed Nov 13, 2013 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: HCE Options [Highly Compensated Employee]
Replies: 14
Views: 1260

HCE Options [Highly Compensated Employee]

I've asked similar questions in the past, but the answers didn't clarify things for me, so please answer very simply, as if the reader (me) is a dummy. :happy From IRS Publication 560: Highly compensated employee. A highly compensated employee is an individual who: ... For the preceding year , recei...
by bUU
Wed Nov 13, 2013 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: HCE Options [Highly Compensated Employee]
Replies: 14
Views: 1260

Re: 401(k) HCE provision - How does it actually work?

Our company hire new people? Ha!

Gosh, am I cynical or what?
by bUU
Tue Oct 01, 2013 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) HCE provision - How does it actually work?
Replies: 16
Views: 914

Re: 401(k) HCE provision - How does it actually work?

manwithnoname wrote:2. If yes, does your plan limit HCEs only to the top 20% of all employees earning over 115,000? If there are 30 employees, then only top 6 would be HCES if plan has adopted this rule.
I'd be in the top 6 regardless. I'm probably the fourth best paid here.
by bUU
Tue Oct 01, 2013 3:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) HCE provision - How does it actually work?
Replies: 16
Views: 914

Re: 401(k) HCE provision - How does it actually work?

So the smaller percentage would be 2%, right?

Does being HCE make one more eligible to make pre-tax IRA contributions?
by bUU
Tue Oct 01, 2013 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) HCE provision - How does it actually work?
Replies: 16
Views: 914

401(k) HCE provision - How does it actually work?

Unless there is a big bump in the HCE threshold, 2014 will likely be the first year I'm in the HCE pool in my company's 401(k) plan. I obviously don't have access to any information about the other members of the plan, but I know this: There are only about 30 people in the company. Remarkably few pa...
by bUU
Tue Oct 01, 2013 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) HCE provision - How does it actually work?
Replies: 16
Views: 914

Re: Scanners/duplex scanners, OCR software?

I am rarely connected by computer to my scanner. My current scanner doesn't have any internal memory or any ability to send scanned files to a cloud storage service. Any recommendations on a home office scanner that can scan a doc straight to the cloud without the need for a computer hooked up to f...
by bUU
Sun Sep 22, 2013 3:32 am
 
Forum: Personal Consumer Issues
Topic: Scanners/duplex scanners, OCR software?
Replies: 26
Views: 1969

Re: Mortgage refi to 10yr?

We just refinanced a 15-year @ 3.125% to a 10-year @ 2.625%, but with "no closing costs" (which turned out to be $75 for recording the satisfaction of the previous mortgage, which I suppose has nothing really to do with the new mortgage so it was still "no closing costs"). I agre...
by bUU
Tue Sep 03, 2013 4:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage refi to 10yr?
Replies: 11
Views: 1327

Re: After retirement...Sphone? Tablet? Laptop? All?

If it weren't for the reliance our home security system has on something that looks like POTS, we'd switch to VoIP, that works through a (substantive) tablet. That would make the tablet that single most usable device, usable for 99 44/100% of what we'd need computing devices for (though we'd probabl...
by bUU
Sun Aug 25, 2013 11:17 am
 
Forum: Personal Consumer Issues
Topic: After retirement...Sphone? Tablet? Laptop? All?
Replies: 27
Views: 1702

Re: POLL: Your Salary vs Inflation

Down 31.8%. And I'm not unusual in that regard. And the new SVP of Sales tells us that we should consider ourselves lucky.

Does it have an impact on morale and motivation? Thanks for asking! Yes, it surely does. It has a very negative impact.
by bUU
Sun Aug 11, 2013 6:05 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Your Salary vs Inflation
Replies: 24
Views: 2260

Re: Amazon return shipping cost estimate BEFORE BUYING

As for whether the vacuum is "defective": well, this depends. If they say it has the best suction of any vacuum cleaner, or it is really easy to move it around, and it doesn't actually meet those claims (in your opinion), a reasonable person could consider the vacuum cleaner to "not ...
by bUU
Sun Aug 11, 2013 4:00 am
 
Forum: Personal Consumer Issues
Topic: Amazon return shipping cost estimate BEFORE BUYING
Replies: 14
Views: 3460

Re: Amazon return shipping cost estimate BEFORE BUYING

And there may be different policies for returns to Amazon itself versus one of its partners that sell through Amazon.
by bUU
Sat Aug 10, 2013 8:59 am
 
Forum: Personal Consumer Issues
Topic: Amazon return shipping cost estimate BEFORE BUYING
Replies: 14
Views: 3460

Re: Amazon.com Sale Tax Collection - Status

Sheepdog wrote:By your listing, I assume you looked at Wikipedia http://en.wikipedia.org/wiki/Amazon_tax

Actually, I didn't. I searched Amazon.com itself, and news reports. But thanks for that link.
by bUU
Sat Aug 10, 2013 7:22 am
 
Forum: Personal Consumer Issues
Topic: Amazon.com Sale Tax Collection - Status
Replies: 3
Views: 712

Re: Amazon return shipping cost estimate BEFORE BUYING

Not an answer to your inquiry but rather a question for folks as to whether the premise of your question will remain valid much longer... Created as a separate thread, here: http://www.bogleheads.org/forum/viewtopic.php?f=11&t=121261
by bUU
Sat Aug 10, 2013 6:51 am
 
Forum: Personal Consumer Issues
Topic: Amazon return shipping cost estimate BEFORE BUYING
Replies: 14
Views: 3460

Amazon.com Sale Tax Collection - Status

I would have compared the return shipping costs against the local taxes http://www.bogleheads.org/forum/viewtopic.php?f=11&t=121260 Is there a webpage that shows which states Amazon.com will and will not be charging sales tax for, by the end of this year? I know that Amazon.com already charges ...
by bUU
Sat Aug 10, 2013 6:51 am
 
Forum: Personal Consumer Issues
Topic: Amazon.com Sale Tax Collection - Status
Replies: 3
Views: 712

Re: Need New Wireless Laptop & Operating System

Boy, didn't take long for the Mac/Apple fanboys to pipe in. Yeah, go spend three to four times as much to surf the internet and send emails. :shock: And all of that vaunted support at the Apple store would do me worlds of good - the closest one is two hours away from me. Not to mention that every b...
by bUU
Fri Aug 09, 2013 6:39 am
 
Forum: Personal Consumer Issues
Topic: Need New Wireless Laptop & Operating System
Replies: 50
Views: 2939

Re: Tipping

But the impact of the decision to tip (or how much to tip) is in itself is an "impact of their decisions on themselves". The point was that thinking of the decision only with regard to the impact of the decision on themselves is self-centered and disreputable for that reason. I'm sorry th...
by bUU
Wed Aug 07, 2013 11:42 am
 
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 101
Views: 6388

Re: Tipping

Folks who have never worked in the service industry cannot understand the importance of tips nor can they understand how difficult waiting tables/dealing with the public is. It is like having children. You will not get it unless you actually do it. You hear statements like “they just bring me my fo...
by bUU
Mon Aug 05, 2013 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 101
Views: 6388

Re: Need New Wireless Laptop & Operating System

The only reason a Mac would be "easier to learn" is because it permits you to do less with it. Which is false (or at least is now false, even if it were ever true). The reality is that both operating systems are equally easy to learn, commensurate with how much of the capabilities of the o...
by bUU
Sun Aug 04, 2013 11:42 am
 
Forum: Personal Consumer Issues
Topic: Need New Wireless Laptop & Operating System
Replies: 50
Views: 2939

Re: Tipping

It isn't okay to be irresponsible in protest of it. in what way am I being irresponsible about it? I always tip. Then the comment doesn't pertain to you. Not everything written in response to a message you post is directed at you personally. As a matter of fact, I make it a rule to make general com...
by bUU
Sun Aug 04, 2013 11:11 am
 
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 101
Views: 6388

Re: Tipping

The difference is that I, as the patron, am not ... responsible for the salary and wages of the employee. A comment that flies in the face of today's actual reality. Tipping restaurant servers in the United States is expected and discretionary. You are responsible for making a fair and just assessm...
by bUU
Sun Aug 04, 2013 4:21 am
 
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 101
Views: 6388

Re: Tipping

I've never quite understood compulsory tipping. I think it is important to keep this in mind as you go about interacting with services for which tipping is expected while discretionary. I can see it in the food industry where waiters make most of their earnings from tips but, in other occupations w...
by bUU
Sat Aug 03, 2013 9:47 am
 
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 101
Views: 6388
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