Search found 115 matches

by Bimmer
Fri Mar 31, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: 83b Election For Purchased Unvested Shares
Replies: 3
Views: 347

Re: 83b Election For Purchased Unvested Shares

Thanks for the responses: bsteiner: Unfortunately no, I cannot change the stock portion. We are told we are being paid all the proceeds in cash, and then must reinvest 1/3 of the original proceeds post-tax in the new stock. So the result is we pay tax on proceeds that we haven't exactly received or ...
by Bimmer
Thu Mar 30, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: 83b Election For Purchased Unvested Shares
Replies: 3
Views: 347

83b Election For Purchased Unvested Shares

Hello Bogleheads, hoping for some help with the following. My company in which I am a partner is being sold and merged with another company. As part of the transaction all of the partners of the old company have to agree to buy a significant amount of stock in the new company with part of our procee...
by Bimmer
Fri Mar 11, 2016 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for person with false "Alcoholic" diagnosis
Replies: 100
Views: 10081

Re: Life Insurance for person with false "Alcoholic" diagnosis

Drinking enough to need medical attention the next day is called binge drinking, and is one of the forms of alcoholism. The next time he does that, he could easily walk in front of a bus. The insurance company is trying to protect itself. Well, your first sentence is not true at all. But thanks for...
by Bimmer
Tue Feb 09, 2016 9:47 pm
Forum: Personal Consumer Issues
Topic: Managing kid's internet use
Replies: 46
Views: 5164

Re: Managing kid's internet use

I'm not an expert - have a 10 year old and just starting this myself. But I have been very impressed with Windows 10 and account management and put it on all our home computers. Allows me to have separate account for each family member, restricting anyone else from installing software on the compute...
by Bimmer
Sun Nov 29, 2015 12:15 am
Forum: Personal Consumer Issues
Topic: New Printer
Replies: 28
Views: 2937

Re: New Printer

I recently bought a Brother hl-3170cdw for light home use, with occasional moderate home use for work. Seems to work great, has a great sleep mode for energy savings when not in use, prints relatively fast, reliable so far. Cartridges are expensive but there are cheaper version on Amazon I plan to t...
by Bimmer
Tue May 26, 2015 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Solar Panels
Replies: 21
Views: 2937

Solar Panels

Trying to decide on whether to move forward with solar, and hoping for some advice. I live in Maryland. With 30% federal tax credit and Maryland credits, now is the time to consider and decide on moving forward. Lots of houses in our area have solar. For the sake of argument, please assume the follo...
by Bimmer
Sat May 16, 2015 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Day-Trading in my 529
Replies: 4
Views: 889

Re: Day-Trading in my 529

Thanks. Will look into those two options.

Any others that people know of?
by Bimmer
Sat May 09, 2015 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Day-Trading in my 529
Replies: 4
Views: 889

Day-Trading in my 529

Really just kidding about the subject, but wondering if there are any 529's with low cost Vanguard funds that you can control the date of investment. I currently have Virginia VEST 529, but when you submit money it posts the next week sometime. I would like to control the date the money actually inv...
by Bimmer
Sat Mar 08, 2014 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Paying the Sitter
Replies: 3
Views: 898

Re: Taxes on Paying the Sitter

Let it go.
by Bimmer
Fri Nov 15, 2013 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Home sale proceeds
Replies: 18
Views: 1496

Re: Home sale proceeds

Can I piggy-back on this thread and ask same question - for rate of 4.0 and 30 year mortgage? Similar money ranges though I also have a large taxable account. Also 3 young kids to put through college.

Thanks. Sorry for piggy-backing.
by Bimmer
Thu May 24, 2012 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: IRS Audit - Backdoor Roth
Replies: 53
Views: 12470

Re: IRS Audit - Backdoor Roth

I received similar notice last week that my response had been received. Today received the following notice: "Your 2010 Form 1040 inquiry is closed. Amount Due: $0.00" Ahhhh... relief. Thanks for all the responses and support. Thinking of sending my 5498 from this year in as an addendum to...
by Bimmer
Tue Mar 27, 2012 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: IRS Audit - Backdoor Roth
Replies: 53
Views: 12470

Re: IRS Audit - Backdoor Roth

First @ Ted, yes it was distribution code #2 as you described, so same scenario. Thanks. I called this a "backdoor Roth" because in all the years I contributed to my non-deductible IRA (including 2010) I was above the income limit for making a Roth contribution. In 2011 I made a contributi...
by Bimmer
Mon Mar 26, 2012 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: IRS Audit - Backdoor Roth
Replies: 53
Views: 12470

Re: IRS Audit - Backdoor Roth

Thanks Ted. Would you mind giving the details of your 1099-R (without distribution amounts) to see if they are the same as mine? Mine: Box 1 = Gross Distribution Values = as listed above Box 2 = Taxable Amount = same value as box 1 Box 2b = Taxable amount not determined = "X" Box 4 = Feder...
by Bimmer
Mon Mar 26, 2012 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: IRS Audit - Backdoor Roth
Replies: 53
Views: 12470

Re: IRS Audit - Backdoor Roth

Thanks Mel. I had a similar situation years ago where a hospital reported income it received under my name. Turned out to be not a big issue. So I'm not super-worried. But still a little nerve-wracking to get that thick envelope from the IRS saying you owe $18,000+ dollars!!
by Bimmer
Mon Mar 26, 2012 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: IRS Audit - Backdoor Roth
Replies: 53
Views: 12470

Re: IRS Audit - Backdoor Roth

Janet, Yes, I filed 8606 each year. Started contributing max to only non-dedictible IRA in 2007. Big market crash after! IRA #1 converted $26514, basis of $23,000, $3514 difference is taxable, $1757 in each of 2011 and 2012. IRA #2 converted $26038, basis of $23,000, $3038 difference is taxable, $15...
by Bimmer
Mon Mar 26, 2012 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: IRS Audit - Backdoor Roth
Replies: 53
Views: 12470

IRS Audit - Backdoor Roth

Received notice from IRA today that I "owe" taxes on amounts I did not include on my return. This involves approx $52,500 in money moved directly from non-deductible IRA to new Roth for my wife and I last year as "back-door Roths". Neither of us has any other IRA of any type. The...
by Bimmer
Fri Feb 03, 2012 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Keep my car or buy new car?
Replies: 73
Views: 3952

Re: Keep my car or buy new car?

I agree your insurance rates will likely go down, better gas mileage, lower maintainance cost over 5 years. But you've forgotten to consider the biggest drawback of the trade - you'll have to drive an Elantra for 5 years. If that doesn't bother you, then go for it. However, I suspect there's a reaso...
by Bimmer
Sun Sep 25, 2011 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Cash Back Credit Cards
Replies: 53
Views: 7022

Fid Investment Rewards

We use Fidelity Investment Rewards American Express which gives 2% back on all purchases. My wife (who does food shopping) isn't focused enough to use different cards for different purchases, so this is easier. Of course you have to have a Fidelity investment account or IRA for this to make sense fo...
by Bimmer
Fri Sep 23, 2011 9:50 pm
Forum: Personal Consumer Issues
Topic: Cash appropriate for wedding gift?
Replies: 45
Views: 6374

Cash yes

Cash is definitely good. Best gifts I got. FWIW, $100 seems a little low to me as a best man, though I usually give $200 for me and my wife. That said, I'm a doctor and it also depends on your means, job, etc. If you can, you won't regret giving a little more. If you can't right now, your gift will ...
by Bimmer
Mon Sep 19, 2011 9:50 pm
Forum: Personal Consumer Issues
Topic: Anyone tried one of those all-in-one computers
Replies: 21
Views: 2102

HP

Got an HP all-in-one touch screen for my father-in-law and he's very happy with it. The touch screen seemed silly to me at the time, but he uses it. Now that I have an iPad and occasionally reach out to touch my laptop screen I realize it might not be so silly anymore!
by Bimmer
Tue Aug 23, 2011 12:27 am
Forum: Personal Consumer Issues
Topic: buying a plasma TV
Replies: 50
Views: 3994

Why Plasma

Why a plasma? I would get an LCD. Great picture quality, much lighter TV, less power consumption and heat.
by Bimmer
Wed Aug 10, 2011 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to replicate Total Stock Market at Fidelity?
Replies: 11
Views: 1911

Vti

I use VTI. A few bucks to buy then hold, hold, hold.
by Bimmer
Fri Jun 24, 2011 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse ideas sought on my Father being scammed.
Replies: 37
Views: 5154

Update - The Car Dealer has reneged on his offer to eat the loss if the car was found. He now wants $12,000 to call the deal off, or wants us to buy another car off his lot and he will transfer the fees to the new car. The story is not over. Not sure of our next move. Police now believe the perps w...
by Bimmer
Tue Apr 05, 2011 12:05 am
Forum: Personal Consumer Issues
Topic: Favorite cheap, easy, quick at-home meal
Replies: 99
Views: 14768

hunger

Why am I so hungry all of the sudden?
by Bimmer
Tue Mar 22, 2011 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: What % equity in your home have you reached at age X
Replies: 90
Views: 9451

40%

40%, age 38 average me and wife, $640,000 purchase price. House may have appreciated somewhat.
by Bimmer
Mon Mar 14, 2011 2:00 am
Forum: Investing - Help with Personal Investments
Topic: Temporary low income
Replies: 8
Views: 1641

Roth

Yes, you do need income to put money into a Roth yourself. Find some way to get $5000 in earned income yourself - i.e. not from investments.
by Bimmer
Wed Feb 02, 2011 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Making payments on CC before statement, hurt anything?
Replies: 20
Views: 2507

no

No real problem with that, but you're losing the float and making more money for the credit card company. I do the opposite. I never pay before the statement comes. As soon as it comes I set an automatic bill payment with my bank to pay the bill in full the day before it is due. Then I enter the tra...
by Bimmer
Wed Feb 02, 2011 12:18 am
Forum: Personal Consumer Issues
Topic: what time do you go to sleep
Replies: 63
Views: 7524

I'm with Rob

I'm with Rob - average bed time about 2am. Not a sunrise person.
by Bimmer
Wed Dec 22, 2010 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Idiot Post
Replies: 5
Views: 1088

Bad bet

Clearly it was a bad bet - that's why I called myself an idiot! So I guess your suggestion is to do it now?!

Thanks.
by Bimmer
Wed Dec 22, 2010 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Idiot Post
Replies: 5
Views: 1088

Roth Conversion - Idiot Post

This is another "I'm an idiot" post. Sorry 'bout that, but... I've been placing money for my wife and myself into non-deductible tIRA's over the past 5 years (including early this year) with the intention of converting to Roths this year. We have no other IRAs. We are in the 33% tax bracke...
by Bimmer
Wed Dec 01, 2010 3:43 am
Forum: Personal Consumer Issues
Topic: Would you report someone you suspect stealing
Replies: 34
Views: 3978

You are too nice. As soon as the door alarm goes off I spring into action. I've choked out at least 7 people on 6 different occasions. Don't ask questions, they'll just lie to you. Better to subdue them and launch the investigation afterwards. I'm no longer allowed in any Best Buys in the tri-state...
by Bimmer
Sat Oct 23, 2010 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Taylor
Replies: 138
Views: 21254

Best Wishes

Best wishes Taylor.
by Bimmer
Tue Oct 19, 2010 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - Am I missing something
Replies: 38
Views: 6429

Thanks

Thanks everyone for the responses. Both plans are Aetna Choice POS II - one is the PPO and the other is the HDHP/HSA. Coverages for in-network and out-of network look almost identical after the deductible is paid. Prescription drugs are $10 more per prescription, but very similar. I looked at the fo...
by Bimmer
Mon Oct 18, 2010 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - Am I missing something
Replies: 38
Views: 6429

HSA - Am I missing something

I am in a high tax bracket and overall, my family so far has used very little health care resources at this point - 3 preventive care visits this year and not much else. I am trying to decide PPO vs HSA. Cost per year for PPO = $5570 - Family deductible $400 - Out of Pocket Max = $2500 - 90% coverag...
by Bimmer
Sat Sep 04, 2010 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do you leave maid tip in a motel?
Replies: 78
Views: 11306

I usually give a tip but it also depends on the length of my stay. I think the maid gives an extra effort when a tip is given. Also, I will most likely get extra towels and pillows, etc when i leave a tip. It also depends on the level of the hotel. You should definitely tip if you staying in a 5 st...
by Bimmer
Thu Sep 02, 2010 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Best Place to Hold 3-6 Months Expenses
Replies: 13
Views: 2573

Sallie Mae

I have Amex Online Savings and Clearsky Savings, both at 1.3%. I just saw a new Sallie Mae online savings account at 1.4%. I'm not moving yet, but may if the rates stay higher after a few months.
by Bimmer
Mon Aug 30, 2010 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Docs! Syndicated partnership with your hospital
Replies: 15
Views: 2306

Why won't your group pay?

Why wouldn't your group fund you to buy the shares? Seems like the biggest benefit is in securing/maintaining the contract. Or why won't your group agree to make you whole if there's some issue with loss of money of the shares over time.
by Bimmer
Mon Aug 02, 2010 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Home Insurance and Management Question
Replies: 6
Views: 1195

Bump

Bump. No takers?
by Bimmer
Fri Jul 30, 2010 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Home Insurance and Management Question
Replies: 6
Views: 1195

Home Insurance and Management Question

My parents transferred ownership of their home to their 3 children using a trust that just terminated. My parents will live in the house and pay all homeownership expenses as rent to their children, including property taxes, etc. According to the trust attorney: "The trust has terminated and no...
by Bimmer
Wed Jun 09, 2010 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: American Express Bank 1.30% APY MM?
Replies: 14
Views: 2025

Clear Sky Accounts

I've been very happy with Clear Sky Savings account. No credit pulls, good service, though rate just dropped to 1.4%. Easily linked to by brokerage accounts so don't have to pass through BOA to get the money to Vanguard.
by Bimmer
Sat May 29, 2010 11:11 pm
Forum: Personal Consumer Issues
Topic: Who will win the NBA Championship?
Replies: 205
Views: 20511

Celtics

Celtics in 7. It's gonna be a grinder!!
by Bimmer
Mon May 10, 2010 11:21 pm
Forum: Investing - Theory, News & General
Topic: What are you changing due to last Thursday? Any lessons?
Replies: 56
Views: 7813

Huh?

Correct me if I'm wrong, but can't one put a minimum sale price on a stop-loss order? For example, if market drops 5%, sell at market order at price no less than 5.25% if available. Then if the market suddenly plummets to 10% below, your sale would not go through?
by Bimmer
Sun Apr 25, 2010 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Bank accounts: Close an old one and open a new one.
Replies: 10
Views: 2539

Credit

Opening and closing simple bank accounts shouldn't impact your credit score. Just make sure there's no credit feature for overdraft protection, as that is essentially a credit line and will affect your credit score. $100 for free sounds good, just make sure there isn't a catch, as there often is. Ar...
by Bimmer
Wed Mar 24, 2010 11:48 pm
Forum: Personal Consumer Issues
Topic: computer maintenance questions
Replies: 37
Views: 4980

Not a likely solution

Honestly, I buy cheap PC's so that I don't worry about replacing them because they do deteriorate and slow down over time. And in 1-2 years, you can buy a much faster computer for not much money. The biggest hassle is reinstalling a million different programs that I get used to using in different ve...
by Bimmer
Thu Mar 18, 2010 12:35 am
Forum: Personal Consumer Issues
Topic: Put in an offer on a car...
Replies: 17
Views: 2211

$500?

Don't ask for $500 off to negotiate. Tell him you want it for $12,500 with a 30 day warranty.
by Bimmer
Sat Mar 06, 2010 1:21 am
Forum: Personal Finance (Not Investing)
Topic: The Millionaire In The Cottage
Replies: 63
Views: 10676

+1

greg24 wrote:There are some VERY small people posting in this thread.



I agree. Maybe not small, but maybe a little narrow minded. It's a diverse world and different people lead different paths.
by Bimmer
Wed Dec 09, 2009 9:12 pm
Forum: Personal Consumer Issues
Topic: Ideas on Washington, D.C. visit...
Replies: 28
Views: 3645

Craigslist

Search for posts or post your own ad on craigslist for someone near a subway with a room to rent temporarily. I'm sure in this economy there will be cheap convenient places to stay.
by Bimmer
Sat Nov 07, 2009 1:46 am
Forum: Personal Consumer Issues
Topic: indoor heaters
Replies: 16
Views: 3672

Vornado

Try Vornado electric space heater w/ fan. We have several. Work well. Whole room temp goes up nicely and quickly. No hot to touch parts if you have kids. Great for tiny bedrooms onlow setting, large basement on high.
by Bimmer
Sat Nov 07, 2009 1:20 am
Forum: Personal Consumer Issues
Topic: indoor heaters
Replies: 16
Views: 3672

Vornado

Try Vornado electric space heater w/ fan. We have several. Work well. Whole room temp goes up nicely and quickly. No hot to touch parts if you have kids. Great for tiny bedrooms onlow setting, large basement on high.
by Bimmer
Sun Sep 06, 2009 12:37 am
Forum: Personal Consumer Issues
Topic: Pickpocketing rampant in NYC
Replies: 36
Views: 6515

I'm impressed also

I am similarly impressed with the rant conversion expertise. Bravo!!

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