Search found 746 matches

by Allan
Fri Jul 14, 2017 5:22 am
Forum: Personal Finance (Not Investing)
Topic: S Corp - minimize taxes, maximize deductions
Replies: 29
Views: 2133

Re: S Corp - minimize taxes, maximize deductions

This is why in an S corp, generally you take out as little as possible as salary. This reduces your payroll taxes and you can still take tax free distributions(from the S corp earnings). I agree on the salary part, even though my CPA advises me to take a "reasonable" salary. Which I do. R...
by Allan
Fri Jun 30, 2017 6:26 am
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 55
Views: 6295

Re: Contractor took deposit but never did any work. What next?

It appears the contractor has no property in the state this occurred. I have contacted a lawyer who will for $150 write him a letter. The unfortunate part is that I have no idea where he lives at this time. If this was for a few thousand I would forget about it, but for 5 figures I want this guy in...
by Allan
Tue Jun 27, 2017 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Realtor fee negotiations
Replies: 27
Views: 2436

Re: Realtor fee negotiations

I am not a realtor but in the development business. Most people who go the FSBO route do save commissions, but they sell for a lesser price than a full service realtor and thus actually ending up netting less. In my business of buying and selling real estate I've found a good realtor is invaluable.
by Allan
Mon Jun 26, 2017 7:58 am
Forum: Personal Consumer Issues
Topic: Stupid Security Questions
Replies: 46
Views: 3891

Stupid Security Questions

I was locked out of my bank account because I could not answer the security questions. I had to call the 1-800 #, and after being on wait for several minutes and resetting, I was able to log in. I went into my account to redo my security questions, and couldn't believe some of them. 1st of all, I wa...
by Allan
Sun Jun 04, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: Problem with SavingsBonds.com
Replies: 8
Views: 1045

Re: Problem with SavingsBonds.com

Yes, seems the site has been down for a couple of weeks.
by Allan
Sat Apr 08, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 12035

Re: High Income earners, whats your Tax Strategy?

Lord Snow wrote: There are a lot of loopholes for the truly wealthy that "ordinary" upper class people can't do.


With regards to earned (high) income, can you share a few?
by Allan
Sat Apr 08, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 12035

Re: High Income earners, whats your Tax Strategy?

There's only so much you can do to minimize taxes as a high earner. At a certain point you simply bite the bullet and recognize there's nothing left to do. I totally agree. You can nibble around the edges here and there, but if you have high earned income (I define high 6 figures to low 7 figures) ...
by Allan
Sun Mar 19, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: At 66, how much is continued earned income helping my Social Security?
Replies: 13
Views: 1884

Re: At 66, how much is continued earned income helping my Social Security?

I am careful to fulfill the "reasonable salary" requirement, I always run this by CPA. But I am still paying max Soc Sec and based on my age and prior year contributions it seems the payback in benefits is going to be minimal, especially since I pay both sides (employee & employer). R...
by Allan
Sun Mar 19, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: At 66, how much is continued earned income helping my Social Security?
Replies: 13
Views: 1884

Re: At 66, how much is continued earned income helping my Social Security?

I am careful to fulfill the "reasonable salary" requirement, I always run this by CPA. But I am still paying max Soc Sec and based on my age and prior year contributions it seems the payback in benefits is going to be minimal, especially since I pay both sides (employee & employer).
by Allan
Sun Mar 19, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: At 66, how much is continued earned income helping my Social Security?
Replies: 13
Views: 1884

At 66, how much is continued earned income helping my Social Security?

I am 66, have a fairly strong earnings record towards the 35 years counted by Social Security. I own my company and I always pay the maximum in Soc Sec taxes and I expect this to continue. I have no desire to retire, will probably keep my company active as long as I can. I am delaying Soc Sec until ...
by Allan
Wed Mar 08, 2017 9:10 pm
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 4420

Re: Zero-Turn Mowers

Scag mowers. We have one with a 60" deck.

http://www.scag.com/zeroturns.html
by Allan
Tue Mar 07, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Texas Teachers Regarding Soc Sec & TRS
Replies: 12
Views: 965

Re: Question for Texas Teachers Regarding Soc Sec & TRS

Thank you for explaining, I am starting to understand how this works.

Allan
by Allan
Mon Mar 06, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Texas Teachers Regarding Soc Sec & TRS
Replies: 12
Views: 965

Re: Question for Texas Teachers Regarding Soc Sec & TRS

Simple question: Did she pay SS tax on her teachers salary? Some states don't, some states do. WEP applies when you don't pay SS taxes on earnings from a job. (usually public employees) She did not pay SS tax on her teacher's salary, she pays into the Texas Teacher's Retirement System. But she does...
by Allan
Mon Mar 06, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Texas Teachers Regarding Soc Sec & TRS
Replies: 12
Views: 965

Re: Question for Texas Teachers Regarding Soc Sec & TRS

https://www.ssa.gov/pubs/EN-05-10045.pdf Thanks. Took me a bit to figure it out but it appears she will get "dinged" a bit on the 1st 90% bend point. In checking Google it seems there has been some noise about the WEP being done away with, that seems unlikely given the state of Social Sec...
by Allan
Mon Mar 06, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Texas Teachers Regarding Soc Sec & TRS
Replies: 12
Views: 965

Re: Question for Texas Teachers Regarding Soc Sec & TRS

https://www.ssa.gov/pubs/EN-05-10045.pdf Thanks. Took me a bit to figure it out but it appears she will get "dinged" a bit on the 1st 90% bend point. In checking Google it seems there has been some noise about the WEP being done away with, that seems unlikely given the state of Social Sec...
by Allan
Mon Mar 06, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Question for Texas Teachers Regarding Soc Sec & TRS
Replies: 12
Views: 965

Question for Texas Teachers Regarding Soc Sec & TRS

My daughter is a teacher in Texas, she pays into the teachers retirement system. She had several years of non-teaching employment and paid into the Soc Security system and she continues to work part time outside of teaching. She will qualify for Social Security when she reaches retirement age, will ...
by Allan
Tue Feb 14, 2017 8:26 pm
Forum: Personal Consumer Issues
Topic: Retaining Wall
Replies: 25
Views: 2674

Re: Retaining Wall

I've had several retaining walls built, one key is proper drainage behind the wall. Hydrostatic pressure of water on a vertical wall is more than you might think, especially in expansive soils. We always put drainage rock behind the wall, a geotech fabric on top of the rock, and insert 2"-3&quo...
by Allan
Wed Feb 08, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: I Came Away Impressed with Social Security Enrollment Process
Replies: 21
Views: 2719

I Came Away Impressed with Social Security Enrollment Process

I will be 66 next month, I signed up for spousal benefits this week. I went online Sunday, filled out an application to draw spousal benefits (1/2 of my wife’s benefit). As part of the signup I was asked for a phone # so I could be contacted. I received that call today, a very nice lady with Soc Sec...
by Allan
Wed Feb 01, 2017 9:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 10078

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy birthday Taylor, you are a real inspiration and the nicest person I've never met!

Allan
by Allan
Sat Jan 14, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa 2% cash back
Replies: 73
Views: 11038

Re: Fidelity Rewards Visa 2% cash back

I use both Capital One VISA (Spark) and Fidelity VISA (both 2% cash back) quite extensively for personal and business transactions, probably $75,000 per month. I prefer the Capital One over the Fidelity card with regards to their website, ease of use with payments, mobile app.
by Allan
Sat Jan 14, 2017 7:09 am
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 118
Views: 21215

Re: Sad News About a Respected Forum Member

There are a handful of members who posts I always read, Old Meph is in that group. I enjoyed his straightforward and objective advice about life insurance, he really knows this industry. I wish him peace in his remaining days, may God bless him and his family.

Allan
by Allan
Sat Dec 03, 2016 8:15 am
Forum: Personal Consumer Issues
Topic: "Getting Things Done"-David Allen
Replies: 71
Views: 5026

Re: "Getting Things Done"-David Allen

pondering wrote:Is anyone here that uses GTD completing their weekly review on a smartphone?


I use a task manager called "Toodledo" which is built around the GTD methods, and of course it has a smart phone app. It is the main way I keep myself organized.


www.toodledo.com
by Allan
Fri Dec 02, 2016 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Want my employees to take over my company
Replies: 20
Views: 4221

Re: Want my employees to take over my company

Doubleeagle: I am also in the residential construction business, I build mostly new homes and do a bit of remodeling. I am at the age (65) to consider the same thing you are, selling my company to employees. The problem is if you strip away the tangible assets that are easily liquidated (real estate...
by Allan
Sun Sep 11, 2016 9:02 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2036
Views: 352100

Re: What's Your Credit Card Rewards Strategy?

Seems to be a lot of praise here for the Chase card, but is it any better than the cards offering a straight 2% cash back cards? Such as the Fidelity VISA and Capital One Spark VISA, which I use. It depends on your travel and spending patterns. Let's assume that I need to fly from D.C. to Paris or ...
by Allan
Sun Sep 11, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2036
Views: 352100

Re: What's Your Credit Card Rewards Strategy?

Seems to be a lot of praise here for the Chase card, but is it any better than the cards offering a straight 2% cash back cards? Such as the Fidelity VISA and Capital One Spark VISA, which I use.
by Allan
Tue Sep 06, 2016 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: "Letter of Final Instructions"
Replies: 45
Views: 8149

Re: "Letter of Final Instructions"

Taylor, thanks so much for sharing this list. As usual you give such great advice. I am going to copy this list, edit it a bit for my personal situation, and then set a reminder to update it annually.
by Allan
Tue Aug 30, 2016 7:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: I think I found Rick Ferri
Replies: 64
Views: 16349

Re: I think I found Rick Ferri

Well this is an interesting thread!
by Allan
Sun Aug 14, 2016 6:38 pm
Forum: Personal Consumer Issues
Topic: Are you on Facebook?
Replies: 144
Views: 11457

Re: Are you on Facebook?

Been on Facebook pretty much from the beginning, I find it somewhat entertaining. Great way to keep in touch with some distant relatives and friends, found a group set up for my high school class (45 yrs ago!), actually have made contact with old friends I've lost contact with going back to grade sc...
by Allan
Sat Apr 02, 2016 6:49 pm
Forum: Personal Consumer Issues
Topic: Custom House Cost
Replies: 22
Views: 3330

Re: Custom House Cost

Very hard to answer, really depends on how you define "custom". In order to answer your question I would ask few questions with regards to what you want: What type of windows, roofing material, flooring, counter tops, ceiling height, door height, appliance package, how many car garage, wha...
by Allan
Mon Mar 14, 2016 7:36 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 168
Views: 17587

Re: Concierge medicine Worth It????

My long time doctor went concierge in the MDVIP program about 5 years ago, I had no choice but to follow him or find another doctor. So I now pay $1,800 a year to MDVIP, which I think does covers the cost of my annual physical. My doctor explained that he went from 1800 patients to 600 under MDVIP, ...
by Allan
Sat Feb 06, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Grandson working for me-Child labor law?
Replies: 35
Views: 2707

Re: Grandson working for me-Child labor law?

And I realize that ultimately I need to talk to a labor law attorney, just thought I might get some good advice here.
by Allan
Sat Feb 06, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Grandson working for me-Child labor law?
Replies: 35
Views: 2707

Re: Grandson working for me-Child labor law?

I wonder if you are creating a tax situation for your grandson that outweighs the benefit of the Roth IRA at this age. A better option might be to have him open a savings account, and put 15% of his wages into the account, you then will match this amount down the road if he continues to save it for...
by Allan
Sat Feb 06, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Grandson working for me-Child labor law?
Replies: 35
Views: 2707

Re: Grandson working for me-Child labor law?

betterfinances wrote:
Allan wrote:Will workers comp insure a 12 year old?


I've read my policy and cannot find anything that mentions age, but good question. I will confirm. By the way, I am in Texas.
by Allan
Sat Feb 06, 2016 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Grandson working for me-Child labor law?
Replies: 35
Views: 2707

Grandson working for me-Child labor law?

I want to employ my 12 yr old (soon to be 13) in my home building company this summer, doing very easy tasks. Like cleaning and sweeping houses. I want to pay him and teach him the value of hard work and how to manage and value money. Something like $10/hr. I also have offered to match what he makes...
by Allan
Sun Jan 10, 2016 12:28 pm
Forum: Personal Consumer Issues
Topic: Best Heart Monitor (Exercise type)
Replies: 25
Views: 2316

Re: Best Heart Monitor (Exercise type)

Thanks for the feedback. I just want something that is accurate and reliable.
by Allan
Sat Jan 09, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: Best Heart Monitor (Exercise type)
Replies: 25
Views: 2316

Best Heart Monitor (Exercise type)

I am looking for the best and most accurate heart rate monitor to use while exercising (running). It seems there are the wrist FitBit type and the chest strap type. Would appreciate feedback.

Allan
by Allan
Sun Dec 20, 2015 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit Question
Replies: 2
Views: 629

Re: Social Security Spousal Benefit Question

Brucie wrote:I assume bedrock is a SS calculator.
My guess is it has something to do with the dates of death you chose.


Thanks, I will check out the parameters I set. And yes Bedrock is a SS calculator.
by Allan
Sun Dec 20, 2015 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit Question
Replies: 2
Views: 629

Social Security Spousal Benefit Question

I do not understand the recommendation I received from Bedrock regarding the filing for spousal benefits. My wife is retired and will be 66 in July 2016. I plan to continue working until 70, I will be 66 in March of 2017. At full retirement age (66) my benefit will be $2,428 and wife’s benefit will ...
by Allan
Sat Dec 12, 2015 7:40 pm
Forum: Personal Consumer Issues
Topic: Where to buy Surface 3 tablet
Replies: 9
Views: 1335

Re: Where to buy Surface 3 tablet

Timely topic, I am considering one too but would like to see, touch, feel one and not just order it on-line. Are there any actual stores have and stock them?

Allan
by Allan
Fri Oct 30, 2015 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 56332

Re: Changes to Social Security

Yes -- with this strategy, compared to your original strategy, you (as a couple) get a few additional years of retirement benefits, but only one spouse gets the maximum amount of delayed retirement credits. Ok, thanks. This isn't that bad, at first I thought we would lose the entire spousal benefit...
by Allan
Fri Oct 30, 2015 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 56332

Re: Changes to Social Security

Off the top of my head, here are two strategies to consider: Strategy one: The lower-PIA spouse files for retirement benefits at full retirement age, and the higher-PIA spouse files a restricted application for spousal-only once they're eligible to do so (i.e., once they have hit FRA and the other ...
by Allan
Fri Oct 30, 2015 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 56332

Re: Changes to Social Security

Mike: What a great resource you are for the forum! And I greatly enjoyed your book on Social Security, can I assume it will be updated reflect these changes? I am 64 + 8 months, my wife is 65 + 3 months. Our plan was to do the file and suspend when I turn 66, wife would draw the spousal benefit, the...
by Allan
Fri Oct 30, 2015 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Changes to SS regulations in new funding bill...
Replies: 154
Views: 13335

Re: Changes to SS regulations in new funding bill...

If I am reading this and other sources correctly, this change is most likely going to happen. It greatly impacts my wife and me, we were going to wait until 70 and were set to receive $53,000 in spousal benefits, not an insignificant amount of money. My wife will be 66 in July of next year (2016), a...
by Allan
Mon Oct 12, 2015 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Newb Q on Term Life Insurance / Salesmen
Replies: 10
Views: 1038

Re: Newb Q on Term Life Insurance / Salesmen

Pure and simple the “two gentlemen” are salespeople, most likely in it for a commission. On some level there is nothing wrong with that but they most likely will try to steer you into high fee “investments” like insurance or annuities. I suggest you hang around here, there are fantastic people with ...
by Allan
Mon Aug 10, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Commission
Replies: 11
Views: 1369

Re: Real Estate Commission

There have been studies that show in a high % of FSBO transactions sellers price their own home too low or the buyer expects a discount because there is no seller's commission and negotiate a lower price. I've sold hundreds of homes (I'm a home builder) and I always use the best realtor I can find t...
by Allan
Tue Aug 04, 2015 6:16 am
Forum: Personal Consumer Issues
Topic: Landscape contractor asking for survey before intial consultation
Replies: 5
Views: 936

Re: Landscape contractor asking for survey before intial consultation

I think an as-built survey would be an absolute requirement for a good design, whoever is doing the design needs to see precise location of improvements, walks/drives, easements, fences etc. Also I would think topographical shots need to be shown on that survey. And I don't think there is any kickba...
by Allan
Sun Jul 19, 2015 10:02 am
Forum: Personal Consumer Issues
Topic: water came from ceiling
Replies: 19
Views: 1835

Re: water came from ceiling

It is most likely the overflow. I would fill up the tub 1/2, let it drain, if you see leaks it is the drain or drain line. If no leaks, fill it up over the overflow very slowly, and see if it leaks. If it doesn't then it is mostly the tile grout where tile meets the tub. I would bet it is the overfl...
by Allan
Tue Jul 14, 2015 5:53 am
Forum: Investing - Help with Personal Investments
Topic: Where are people putting their investment money if they see a correction coming in US stock market
Replies: 69
Views: 9441

Re: Where are people putting their investment money if they see a correction coming in US stock market

That is why I plan to dollar cost average back into the market when good buying opportunities present itself. I am curious as to how you would define "good buying opportunities". Are you referring to individual stocks? Mutual funds, bonds? What criteria will you use or signals you will lo...
by Allan
Mon Jul 13, 2015 5:47 pm
Forum: Personal Consumer Issues
Topic: Builder wants to put a retaining wall on my property
Replies: 52
Views: 6198

Re: Builder wants to put a retaining wall on my property

Can you explain why "they need to do this in order to have enough space to pave the alley and create parking spaces." If I am understanding the wall will run parallel and abut the alley? How high is the wall, is it masonry?
by Allan
Tue Jul 07, 2015 7:01 pm
Forum: Personal Consumer Issues
Topic: Productivity Apps that you pay for
Replies: 21
Views: 2304

Re: Productivity Apps that you pay for

Dropbox
Toodledo
Pocket
Evernote
DocuSign