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Re: 529 for IT Certificates and other Job Related Training

Ask if they issue 1098T forms. If they do, there should be no question.
by pshonore
Fri Aug 29, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: 529 for IT Certificates and other Job Related Training
Replies: 2
Views: 195

Re: Question for Mac Excel 2011 users

Not sure if I understand your question, but I generally put the "quote function" in a worksheet by itself and then reference the data (like price, net change, etc.) in another worksheet. Of course you can always do things like make the col width of the columns you don't want to see be 0, c...
by pshonore
Fri Aug 29, 2014 8:51 am
 
Forum: Personal Consumer Issues
Topic: Question for Mac Excel 2011 users
Replies: 12
Views: 747

Re: My husband's " WILL", $ left for me to live on....

Why aren't you getting Social Security as a stay at home Mom of a child? AFAIK, you can collect that benefit at any age. They are getting $1K a month for their 7-year-old. "My husband currently receiving social security around $2000 for himself and $1000 for our 7 years old, total of social se...
by pshonore
Thu Aug 28, 2014 3:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 230
Views: 12726

Re: My husband's " WILL", $ left for me to live on....

Why aren't you getting Social Security as a stay at home Mom of a child? AFAIK, you can collect that benefit at any age.
by pshonore
Thu Aug 28, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 230
Views: 12726

Re: Guidance on car insurance

Please advise on a reasonable amount of car insurance that my wife should carry. After reading several articles on the subject and perusing through several threads on this site, I was able to decide on some of my insurance needs, but still unsure on the others. Can someone advise on a reasonable co...
by pshonore
Tue Aug 26, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Guidance on car insurance
Replies: 9
Views: 692

Re: Backyard Shed

Here are a few pics of a small shed (12X18 with loft; 12/12 roof pitch) I designed and built it a few years back. Timber frame construction using all native lumber from a local saw mill (1X flooring, siding, roof, etc and 6X6, 6X8 posts and beams and 2X8 for joists, etc.) Foundation is Pressure Trea...
by pshonore
Sun Aug 24, 2014 11:48 am
 
Forum: Personal Consumer Issues
Topic: Backyard Shed
Replies: 21
Views: 1434

Re: Why is a back door Roth necessary

[OT comment (on OT thread) deleted by admin alex]
by pshonore
Fri Aug 15, 2014 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Why is a back door Roth necessary
Replies: 6
Views: 869

Why is a back door Roth necessary

We seem to spend an inordinate amount of time discussing back door Roths. Since anyone with earned income can contribute to a Roth either directly or back door, why doesn't the IRS eliminate the income limits on Roth contributions and simplify things? Do they think people above the limit don't know ...
by pshonore
Fri Aug 15, 2014 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Why is a back door Roth necessary
Replies: 6
Views: 869

Re: Why would a passive investor use ETFs?

So basically my understanding is that when the mutual fund investor sells their position, the fund gives them the shares with the lowest cost basis, allowing the fund to eliminate the capital gains it would've built up. Something that other investment companies can't do. I don't think the average f...
by pshonore
Fri Aug 15, 2014 10:35 am
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3713

Re: Home health aide an independent contractor?

Yes on the unemployment insurance premiums.
by pshonore
Fri Aug 15, 2014 10:09 am
 
Forum: Personal Consumer Issues
Topic: Home health aide an independent contractor?
Replies: 7
Views: 461

Re: Indirect grilling (now a total fan)

Sam's Club has the Vision grille (direct competitor to Big Green egg) on end of season sale right now for about $400. That's a great buy. Check your local store for availability
by pshonore
Fri Aug 15, 2014 9:38 am
 
Forum: Personal Consumer Issues
Topic: Indirect grilling (now a total fan)
Replies: 13
Views: 1930

Re: Home health aide an independent contractor?

Also might want to check if Mom's Homeowners Policy can be endorsed to provide Workers Comp for the aide. Probably not, so she may want to consider purchasing that policy as well.
by pshonore
Thu Aug 14, 2014 8:00 pm
 
Forum: Personal Consumer Issues
Topic: Home health aide an independent contractor?
Replies: 7
Views: 461

Re: Social Security benefits for surviving spouse

But there might be some kind of workaround, which is why I think she should get expert advice. If bogleheads aren't experts, why do people ask questions here? Because we are all know-nothings? Penguin gave her the workaround in the second non-OP response: withdraw her application for her own benefi...
by pshonore
Thu Aug 14, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits for surviving spouse
Replies: 34
Views: 1644

Re: Paperback of The Bogleheads' Guide to Investing, 2nd Ed.

Looks like paperbacks start @ 11.28 and are $13.92 via Prime (assuming that's the edition you want. Kind of hard to tell)
by pshonore
Thu Aug 14, 2014 11:24 am
 
Forum: Investing - Theory, News & General
Topic: Paperback of The Bogleheads' Guide to Investing, 2nd Ed.?
Replies: 34
Views: 3094

Re: Real world mechanics of a "backdoor" Roth

Thanks, JW and DSInvestor. I previously looked at the hard copy Form 8606, and it confused the hell out of me. I used TurboTax to file taxes last year, so I'm taking a little comfort that, as DSInvestor noted, the software can complete the Form for me. I'll try to compute the numbers on the Form my...
by pshonore
Thu Aug 14, 2014 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Real world mechanics of a "backdoor" Roth
Replies: 11
Views: 1341

Re: Average investor even underperforms cash

Like most studies of this type, models are being employed. Its only as good as the model assumptions and we all know where that got us back in 2008.
by pshonore
Thu Aug 14, 2014 10:40 am
 
Forum: Investing - Theory, News & General
Topic: Average investor even underperforms cash
Replies: 8
Views: 1287

Re: Converting an inherited Roth IRA to a regular Roth IRA

Change the title; everyone will say you cannot convert an inherited IRA. I think your method will work though, provided you qualify to make a Roth contribution. Is the inherited IRA subject to the 5 yr "Roth" rule about withdrawals being taxable/non-taxable?
by pshonore
Thu Aug 14, 2014 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Converting an inherited Roth IRA to a regular Roth IRA
Replies: 11
Views: 675

Re: MFA and MLPs

You do know passive losses stop accruing when your basis reaches $0? The person who benefits the most from this is Rich Kinder. He's already taken the GP private once and did an IPO of it of a few years later.
by pshonore
Wed Aug 13, 2014 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: MFA and MLPs [Master Limited Partnerships]
Replies: 11
Views: 586

Re: Why is Bank of America so hated?

Had been with BofA for around 35 years, but their customer service began to deteriorate prior to the financial crisis at the same time their actions indicated they were interested in becoming as large as possible through acquisitions instead of earning customers with decent service. They began to i...
by pshonore
Wed Aug 13, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Bank of America so hated?
Replies: 43
Views: 2416

Re: Can I open a Solo 401k plan with no income?

Wonder why Vanguard has decided not to accept them at all? (rollovers)
by pshonore
Wed Aug 13, 2014 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I open a Solo 401k plan with no income?
Replies: 15
Views: 1372

Re: MFA and MLPs

The merger is in effect a sale for KMP owners of whom a lot are probably at $0 basis; resulting in much ordinary income from depreciation recapture resulting with a small portion of that offset by prior year un-allowed losses. Granted that is the nature of the beast, but lots of MLP owners claim the...
by pshonore
Wed Aug 13, 2014 3:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: MFA and MLPs [Master Limited Partnerships]
Replies: 11
Views: 586

Re: Best websites to buy quality meat for grilling?

Yes the authentic wagyu @ $135/lb is a tad pricey; however the grass fed @ $16/lb is not a bad deal. (although I don't think I would pay that much myself).
by pshonore
Wed Aug 13, 2014 3:05 pm
 
Forum: Personal Consumer Issues
Topic: Best websites to buy quality meat for grilling?
Replies: 22
Views: 2676

Re: Why is Bank of America so hated?

I've had a checking account with BOA (or rather their predecessors in New England - Hartford National, Shawmut, Fleet, etc) for over 30 years. No problems, no fees (because of direct deposits, etc) . Lots of ATMs, deposits credited quickly, etc. Why switch??
by pshonore
Wed Aug 13, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Bank of America so hated?
Replies: 43
Views: 2416

Re: Can I open a Solo 401k plan with no income?

Is it possible some custodians will not accept rollovers unless a direct contribution has been made?
by pshonore
Wed Aug 13, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I open a Solo 401k plan with no income?
Replies: 15
Views: 1372

Re: Mutual-fund-only accounts more secure, in one way?

One problem investing directly with the smaller fund companies (which of course most Bogleheads wouldn't hold) is some have really poor websites for doing transactions, electronic purchases, redemptions, etc. The big guys (Fido, TD, Schwab, etc.) have really spoiled us with what you can do with a cl...
by pshonore
Wed Aug 13, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Mutual-fund-only accounts more secure, in one way?
Replies: 17
Views: 1416

Re: MFA and MLPs

MLPs can be a good investment but they're certainly not for the average Boglehead. Most experts advise only to hold them in a taxable account and they WILL complicate your tax return. The recent "merger" of all the Kinder Morgan partnerships and corporate structures announced this week wil...
by pshonore
Wed Aug 13, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: MFA and MLPs [Master Limited Partnerships]
Replies: 11
Views: 586

Re: Offsetting capital gains tax on sale of an asset?

The distinction DOES matter for tax purposes, believe me. There are tons of books on Amazon relating to Small business and tax deductions. I recommend "Small Business Tax Deduction Secrets" by Stephen Nelson who often posts here as Seattlecpa. (Unfortunately I can no longer find the book o...
by pshonore
Wed Aug 13, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Offsetting capital gains tax on sale of an asset?
Replies: 4
Views: 452

Re: How important is my insurance agent?

I thought it was a State Farm policy that agents were not allowed to provide customer service because I have never communicated with my State Farm agent after the day he signed me up. :shock: I ways talk to associates in the office. Funny. I've always dealt with the office support people and they'v...
by pshonore
Tue Aug 12, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2095

Re: Offsetting capital gains tax on sale of an asset?

Sounds to me like you're running a business (creating websites). You have income from sale of a product ( a website) and expenses (equipment on which you develop websites, connection fees, software you purchased for web development, possible business use of home, etc. Your net profit is usually cons...
by pshonore
Tue Aug 12, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Offsetting capital gains tax on sale of an asset?
Replies: 4
Views: 452

Re: Did I make out like a bandit - interest (not Sallie Mae)

They also want their interest at the front end. Buy a house in the middle of the month. You will prepay one and a half months interest up to the first of a month (typically). Your first payment will be due one month later, on the next first of the month, two and a half months after the start of the...
by pshonore
Tue Aug 12, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did I make out like a bandit - interest (not Sallie Mae)
Replies: 27
Views: 3360

Re: Where do you buy clothes?

Generally the Outlet Malls (Polo, Bass, Nautica, Jockey, Old Navy. Tommy H, Brooks Bros. etc.) but usually only at end of season when stuff is 50% off or greater. Orvis makes nice stuff but again only on sale/clearance at their website. We have Orvis and Barbour outlets within driving distance as we...
by pshonore
Tue Aug 12, 2014 9:06 am
 
Forum: Personal Consumer Issues
Topic: Where do you buy clothes?
Replies: 105
Views: 9105

Re: How important is my insurance agent?

I thought it was a State Farm policy that agents were not allowed to provide customer service because I have never communicated with my State Farm agent after the day he signed me up. :shock: I ways talk to associates in the office. Funny. I've always dealt with the office support people and they'v...
by pshonore
Mon Aug 11, 2014 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2095

Re: Maxed Out & Stressed Out

Yes, present age is 56 in California. I am taxed on DI and SSI. So from what I understand I report non taxable interest which causes more of the SSI to be taxed. I didn't realize this until I read some posts on the website. I'm not sure what effect it will have. Regards putting $$ into equity and b...
by pshonore
Mon Aug 11, 2014 12:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maxed Out & Stressed Out
Replies: 14
Views: 3466

Re: How important is my insurance agent?

If I'm not mistaken, State Farm has "captive agents" (in effect company employees) similar to Allstate, etc. I'm not sure if changing agents makes a difference. Independent agents represent multiple companies and are strictly paid via commissions with other incentives. Their job is to get ...
by pshonore
Mon Aug 11, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How important is my insurance agent?
Replies: 37
Views: 2095

Re: ESPP vs. NUA for Company stock purchases

I believe in order to get NUA treatment, a total distribution of your 401k balance is required. Can you wait until that happens? Also be careful about accumulating too much employer stock (although 3-5% doesn't sound like a lot)
by pshonore
Sat Aug 09, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: ESPP vs. NUA for Company stock purchases
Replies: 5
Views: 296

Re: Timing cap gains & losses fun

If these are all "covered" sales, you could probably just enter two summary lines on Form 8949/Sched D and just attach Fido's detailed 1099B statement or mail in the statement if e-filing.
by pshonore
Fri Aug 08, 2014 11:30 am
 
Forum: Investing - Theory, News & General
Topic: Timing cap gains & losses fun
Replies: 8
Views: 476

Re: Avoid Vanguard FundAccess Fees?

OAKBX and ARTMX are free at Fido (and probably a lot of other places) although the Fido website says ARTMX is closed to new investors.
by pshonore
Fri Aug 08, 2014 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Avoid Vanguard FundAccess Fees?
Replies: 11
Views: 903

Re: Neighbor's Tree

You should expect them to prune it and keep it healthy. I use my lawnmower to mulch the leaves that enter my space from neighboring properties. I don't rake except to pull leaves back from the house and landscaped areas into the grass where the lawnmower can mulch them into the earth. Prune a large...
by pshonore
Thu Aug 07, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Neighbor's Tree
Replies: 44
Views: 3021

Re: Inherited IRA RMD question

Why even wait? Take it out right now (even though this year's RMD was probably already taken)
by pshonore
Thu Aug 07, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA RMD question
Replies: 18
Views: 435

Re: How do you document your HSA "stuff?"

I certainly agree that's how most Bogleheads will probably use an HSA but most of the folks I've talked to with HSAs submit bills for reimbursement as the money is spent. And I can't tell you how many CP2000 letters I've seen because people take the reimbursement and then fail to file the appropria...
by pshonore
Thu Aug 07, 2014 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you document your HSA "stuff?"
Replies: 38
Views: 2180

Re: Marriage: Is it tax-friendly?

Here is a convenient marriage tax penalty calculator you can use: http://taxpolicycenter.org/taxfacts/marriagepenaltycalculator.cfm Thanks. Just found out that if my girlfriend and I got married we'd be paying $2,616 more a year in taxes, which is a big amount for us as it's 3.8% of combined AGI. S...
by pshonore
Thu Aug 07, 2014 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Marriage: Is it tax-friendly?
Replies: 50
Views: 2447

Re: How do you document your HSA "stuff?"

Why the would the IRS expect people to pay more taxes than they are suppose to? The IRS knows that that is the way many will use an HSA, because that is the way to optimize the use of a HSA if you can cover your medical expenses from other sources. It's the law, the IRS wrote the regs. It should ra...
by pshonore
Thu Aug 07, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: How do you document your HSA "stuff?"
Replies: 38
Views: 2180

Re: How to find a business manager and/or FT accountant?

I can suggest someone with experience in such a setting. The person is in jail though because they stole lots of money from their employer whose description matches the one you described. My opinion is that consultants just take money from such small firms. Best would be to poach someone from a sim...
by pshonore
Wed Aug 06, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find a business manager and/or FT accountant?
Replies: 14
Views: 819

Re: December RMD Withdrawal Timing Question

To expand on The Wizard: Take your RMD on time, but don't then buy the dividend in your taxable account. Send your RMD to your checking account or money market account if you still have one, then buy in your taxable account after the dividends have been paid out. sscritic, Can you or any of you ple...
by pshonore
Wed Aug 06, 2014 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: December RMD Withdrawal Timing Question
Replies: 35
Views: 1427

Re: Self Employment & Estimated Quarterly Tax Payment

But it's required to be paid in equal installments, or you get penalties incurred, thus it requires extra attention vs a capital gains tax. That is simply not true unless perhaps one makes equal income in every quarter. And you don't even have to send in a 1040-ES or use EFTPS because you can simpl...
by pshonore
Wed Aug 06, 2014 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Self Employment & Estimated Quarterly Tax Payment
Replies: 13
Views: 466

Re: Marriage: Is it tax-friendly?

Here is a convenient marriage tax penalty calculator you can use: http://taxpolicycenter.org/taxfacts/marriagepenaltycalculator.cfm Thanks. Just found out that if my girlfriend and I got married we'd be paying $2,616 more a year in taxes, which is a big amount for us as it's 3.8% of combined AGI. S...
by pshonore
Wed Aug 06, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marriage: Is it tax-friendly?
Replies: 50
Views: 2447

Re: December RMD Withdrawal Timing Question

Does that apply to bond funds as well? I honestly have never looked to see if bond funds NAV drops when the dividend is paid. For some reason I was thinking there was some type of proration with bond funds based on the number of days you owned it but maybe I am mixed up with something else. I belie...
by pshonore
Wed Aug 06, 2014 3:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: December RMD Withdrawal Timing Question
Replies: 35
Views: 1427

Re: December RMD Withdrawal Timing Question

Don't wait until the "last minute", in case there is any delay with the paperwork. If there are distributions/dividends/etc. - any sort of income within the tax-deferred account - that would increase the end of year total on which the percentage to be taken is based, so you wouldn't want ...
by pshonore
Wed Aug 06, 2014 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: December RMD Withdrawal Timing Question
Replies: 35
Views: 1427

Re: Window Wells Filling / Contractor Question

Most of my window well "floods" occurred in winter when the ground was frozen and snow covered. If we got a cold winter rain which the frozen ground could not absorb, there was a problem. (Don't know if OP lives in Snow Country or not). I solved it by putting on an addition and eliminating...
by pshonore
Tue Aug 05, 2014 2:45 pm
 
Forum: Personal Consumer Issues
Topic: Window Wells Filling / Contractor Question
Replies: 12
Views: 812

Re: Income Tax What If... Married filer vs Single filer

You can still file MFJ in the year of passing. After that SS should drop by 1/3 rd (going from Spousal/Regular to Survivor) or 1/2 (going from 2 regular to 1), and perhaps SS subject to tax may change as well. Itemized deductions probably won't change much and if the spouse survivor is pre-RMD, no R...
by pshonore
Tue Aug 05, 2014 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income Tax What If... Married filer vs Single filer
Replies: 7
Views: 446
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