Search found 1064 matches

by Hayden
Sat Apr 14, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 192
Views: 13575

Re: BH travel tips?

I love my travel vest. I wear it every day. It is indispensable for me.
My favorite brand is ScotteVest. They are pricey, but they are always having sales, so no reason to ever pay the list price.
by Hayden
Thu Apr 12, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Credit card protections - business card
Replies: 2
Views: 164

Re: Credit card protections - business card

Clark Howard thinks business cc are Clarkrageous. .small business credit card interest rates went up six times faster than interest rates on consumer cards immediately after the CARD Act went into effect back in 2010. But, wait there’s more! There’s also a second level of liability specific to smal...
by Hayden
Thu Apr 12, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Credit card protections - business card
Replies: 2
Views: 164

Credit card protections - business card

I have two Costco Citi Visa cards: personal and business. Do Business credit cards offer the same consumer protections as personal cards (e.g. if someone steals the card number and uses it)? I'm going on a trip and trying to decide whether to carry the business card with me. I will have some busines...
by Hayden
Tue Apr 10, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Handling ageism in tech
Replies: 56
Views: 4627

Re: Handling ageism in tech

Hmm, I actually took the opposite approach. When I hit 50, I moved from management back into engineering. Engineering jobs are much more available in m industry, plus it opened the door to consulting. That being said, about 30% of the engineers our company has hired over the last few years have bee...
by Hayden
Sun Apr 08, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Investment in a corporation goes belly up. How to file
Replies: 5
Views: 629

Re: Investment in a corporation goes belly up. How to file

A few years ago I received a Final K-1 from a partnership. When I entered it in TurboTax, IIRC it asked me my basis and the amount I received for salel of my share.

In my case, I did not have a loss, but it seems you would simply enter your basis and 0 for the sale price, and you would take the loss.
by Hayden
Sat Apr 07, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Engineering: Quality of school vs. specialized niche degree
Replies: 52
Views: 3481

Re: Engineering: Quality of school vs. specialized niche degree

What most kids think they want to do at the end of HS rarely lives past sophomore year of college. Go for the better school that has broader engineering options for him to choose from. In the unlikely event that four or five years from now he still wants to blow up buildings a good engineering back...
by Hayden
Sat Apr 07, 2018 2:38 pm
Forum: Personal Consumer Issues
Topic: Need new bedroom furniture
Replies: 23
Views: 1274

Re: Need new bedroom furniture

I would check out consignment stores. In my area, there is a store with georgous stuff that is much higher quality than what most of the local furniture stores are peddling.

For the bed, we recently purchased an adjustable bed. Too soon to know if it was worth it.
by Hayden
Sat Apr 07, 2018 12:11 pm
Forum: Personal Consumer Issues
Topic: [When is going out to a restaurant worth it to you?]
Replies: 71
Views: 5424

Re: [When is going out to a restaurant worth it to you?]

I go out to dinner every night. I do alot of things that other people would never dream of doing themselves (e.g., my S Corp tax return). Everyone is different in their decisions about what to do in house and what to outsource. Personally, I enjoy paperwork and hate to cook.
by Hayden
Sat Apr 07, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Paying employees via Venmo
Replies: 18
Views: 1379

Re: Paying employees via Venmo

Billpay is not a specific named service, but rather an online offering at almost all banks, credit unions and even some brokerages. You set up a named payee and submit a payment request. In the case of an individual the financial institution will cut and mail a check at no cost to you. Since mailed...
by Hayden
Sat Apr 07, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paying employees via Venmo
Replies: 18
Views: 1379

Re: Paying employees via Venmo

I use my banks billpay. It is fast, easy, and free.
by Hayden
Thu Apr 05, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: LLC: how much attorney involvement?
Replies: 7
Views: 640

Re: LLC: how much attorney involvement?

I used an attorney to write the Operating Agreement, and to handle various HR issues such as review of the employee handbook (different attorneys; the latter was a dedicated HR attorney). Most things, I just handled myself. YMMV
by Hayden
Thu Apr 05, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Choose S-Corp to file taxes for my LLC.
Replies: 8
Views: 576

Re: Choose S-Corp to file taxes for my LLC.

The new tax law changed the desirability of being an S Corp. There have been many threads on this topic. Are you sure you even want to be an S Corp?
by Hayden
Thu Apr 05, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Passthrough deduction affected by solo 401k?
Replies: 40
Views: 2725

Re: Passthrough deduction affected by solo 401k?

I don't understand your comment about the SEP-IRA. cant you just do a rollover from the solo 401k to a Roth? I've been thinking about doing exactly this: starting to convert money each year to a Roth, to take advantage of current low tax rates. IRS regulation prohibit the inservice withdrawal/rollo...
by Hayden
Wed Apr 04, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Passthrough deduction affected by solo 401k?
Replies: 40
Views: 2725

Re: Passthrough deduction affected by solo 401k?

Yes, it is an interesting conundrum. I don't think you should ever forgo the tax deferral over the pass-thru deduction, but it certainly complicates the traditional vs. Roth decision. If you were previously in the 28% marginal bracket and and expected the additional retirement plan contributions to...
by Hayden
Wed Apr 04, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 6679

Re: Want/need some income in semi-retirement

I knew a retiree who got a job at Home Depot. Might be fun walking around the store helping people with their projects.
by Hayden
Wed Apr 04, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 607
Views: 68401

Re: Netflix, Your Current Favorite Show

Watching the new docuseries ‘wild wild country’ - its about Osho spiritual movement in Oregon 80’s. Must watch !! I should say I am shocked and amazed this thing really happened in the good ole USA. Still cannot believe if it is true. Anyone from those times, is this really true ? Thanks for recomm...
by Hayden
Sat Mar 31, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion Q - new tax brackets
Replies: 8
Views: 1028

Re: Roth conversion Q - new tax brackets

Many people here use a program called i-orp to analyze this question. I plan to use it later this summer to make a decision on how much to convert each year.
by Hayden
Fri Mar 30, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Does my S Corp still make sense? Physician partnership income as K1 to self or keep S corp.
Replies: 6
Views: 713

Re: Does my S Corp still make sense? Physician partnership income as K1 to self or keep S corp.

I also have an S Corp. In my case, the S Corp has unrealized capital gains. If I were to dissolve the S Corp, the capital gains would be realized at once. That's one of the things stopping me from doing it. Don't know whether that's an issue for you.
by Hayden
Wed Mar 28, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Tax estimate with no earned income
Replies: 10
Views: 672

Re: Tax estimate with no earned income

Taxcaster will give you an estimate of your federal tax.

You can use it to do what if scenarios to understand your marginal tax rate. E.g., what if I convert $1000 to a Roth, how much does the tax due change.
by Hayden
Thu Mar 22, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Job Expenses for contract job. Should I take W2 or 1099
Replies: 24
Views: 1356

Re: Job Expenses for contract job. Should I take W2 or 1099

To give you some benchmarks, a staffing company of temp professional labor will have a markup near 100%. If your hourly w2 rate is $50, they bill around $100. All expenses would be reimbursed separately. For professional engineering companies, their multipliers tend to be around 2.0, plus or minus,...
by Hayden
Wed Mar 21, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Am I overpaying for 1120S prep fee?
Replies: 16
Views: 966

Re: Am I overpaying for 1120S prep fee?

After decades of paying an accountant to do the 1120S, I decided to do it myself. I use TurboTax Business. I was surprised at how simple it was. It took me less time to do the 1120S than to do my 1040. If you understand the prior year returns, including the Schedule L on the prior returns, then you...
by Hayden
Wed Mar 21, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much tax on back-door Roth?
Replies: 11
Views: 814

Re: How much tax on back-door Roth?

Too high to contribute directly to Roth, but am still in 24% bracket based on W-2s. So, are you saying that the rolled over funds will be taxed as if they were additional income in that year? Or, will they be taxed at the rate of actual earned income (24%)? The funds you convert to Roth will be tax...
by Hayden
Tue Mar 20, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: CPA fees for S-corp?
Replies: 12
Views: 1225

Re: CPA fees for S-corp?

My CPA used to charge a lot more than that, roughly 2500-3000 IIRC. that was for just the 1120S. That was why I switched to doing it myself with TurboTax.
by Hayden
Sat Mar 17, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Am I overpaying for 1120S prep fee?
Replies: 16
Views: 966

Re: Am I overpaying for 1120S prep fee?

After decades of paying an accountant to do the 1120S, I decided to do it myself. I use TurboTax Business. I was surprised at how simple it was. It took me less time to do the 1120S than to do my 1040. If you understand the prior year returns, including the Schedule L on the prior returns, then you ...
by Hayden
Sat Mar 17, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Owning cars in 2 different states
Replies: 15
Views: 1010

Re: Owning cars in 2 different states

My out of state car has low annual miles driven (because it's not driven for months), so I get a reduction on the insurance cost due to low miles. Other than that, I don't do anything: pay the same rate all year.
by Hayden
Wed Mar 14, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Balance sheet for S Corp Return
Replies: 6
Views: 663

Re: Balance sheet for S Corp Return

I am not an accountant. An accountant did the 1120S for my business for the first many years, and since then, i've done it myself following his format. Here's what's on my Schedule L: Line 1: Checking account balance Line 9: Basis of the Vanguard investment account Line 10 a, b: depreciation Line 15...
by Hayden
Sun Mar 11, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax business 1041
Replies: 1
Views: 176

Re: Turbotax business 1041

I use TurboTax Business, but I use it to prepare a 1120S, not a 1041. There was no way to download 1099s. I had to enter the data manually.
by Hayden
Mon Mar 05, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Luggage/travel recommendations?
Replies: 54
Views: 3552

Re: Luggage/travel recommendations?

I consider my travel vest a packing essential. I wear it everyday while traveling. I prefer the wheeled carry-on to a backpack because one can lean on it. Perhaps you are young and strong and don't think that's important. But after a 40 hour travel day when one is exhausted and dizzy, being able to ...
by Hayden
Thu Feb 22, 2018 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Should I incorporate and invest all income?
Replies: 1
Views: 255

Re: Should I incorporate and invest all income?

The busness income is taxed when you earn it. Even if you leave the money in the business, you still pay taxes on it in the year it is earned. If your goal is to deduct business expenses, you can do that as a sole proprietor. You also get the benefit of the new tax law as a sole proprietor. There ma...
by Hayden
Sun Feb 11, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: Do you think it is worth the money to travel to warm weather destinations during the winter?
Replies: 77
Views: 6789

Re: Do you think it is worth the money to travel to warm weather destinations during the winter?

We live in a cold LCOL area and travel every winter. We go someplace different every winter, but that could change if we find one place that's "perfect". I think this approach costs less than many HCOL areas that have nice weather year round.
by Hayden
Fri Feb 09, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: I didn't tax-loss harvest this month, did you?
Replies: 98
Views: 6522

Re: I didn't tax-loss harvest this month, did you?

My new money (just dividends, since I'm more or less retired), goes into the underweight asset. In practice, that has meant all new money has gone to bonds. It's been years since I've purchased stock. So I'm not even close to TLH stocks.
by Hayden
Sun Jan 28, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: An Assistant to Help And Not an Employee?
Replies: 10
Views: 1175

Re: An Assistant to Help And Not an Employee?

You are right to be concerned. You would have State filings in addition to Federal. Whether you would need workers comp I think depends on your state.

If it were me, I would look into employee leasing companies. I think taking on employees is too much of a nuisance to do for just one person.
by Hayden
Sun Jan 28, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3025
Views: 931471

Re: What Book Are You Currently Reading? Part VI

Just finished the 17th Pendergast novel. I loved the first 16 books.The latest one is simply awful.

Currently reading Zweig's "Your Money and Your Brain.". I think it's excellent.
by Hayden
Fri Jan 19, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 10683

Re: [Pass-Thru Entities Questions Thread]

So watch for the 401k contribution reducing your AGI, which then makes Taxable Income the "lesser" number. I like your reasoning that the 20% deduction is permanent - the 401k deduction is just "deferred" (although you may be taking it out and filling up lower tax brackets than when it was deferred...
by Hayden
Thu Jan 18, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 10683

Re: [Pass-Thru Entities Questions Thread]

I'm still trying to get my head around how different limitations interact. I have a small (very small five-figure Schedule C bottom line) business and plenty of other income (wife's W-2, 1099-R, INT, etc.) so the taxable income limit will not be an issue. Business is just me - no employees. I have ...
by Hayden
Tue Jan 16, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Engineering To Consulting Transition
Replies: 8
Views: 886

Re: Engineering To Consulting Transition

Will you be paid as an employee (W2) or consultant (1099)?
by Hayden
Sun Jan 14, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 10683

Re: [Pass-Thru Entities Questions Thread]

There are two calculators I found https://www.calcxml.com/calculators/trump-tax-reform-calculator?skn=#results I think that one does the pass-through but does not know how to do the phase-out for service businesses. This is a more generic one http://taxplancalculator.com My advice is to do your own...
by Hayden
Sun Jan 14, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 10683

Re: [Pass-Thru Entities Questions Thread]

There are two calculators I found https://www.calcxml.com/calculators/trump-tax-reform-calculator?skn=#results I think that one does the pass-through but does not know how to do the phase-out for service businesses. This is a more generic one http://taxplancalculator.com My advice is to do your own...
by Hayden
Sun Jan 14, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 10683

Re: [Pass-Thru Entities Questions Thread]

There are two calculators I found https://www.calcxml.com/calculators/trump-tax-reform-calculator?skn=#results I think that one does the pass-through but does not know how to do the phase-out for service businesses. This is a more generic one http://taxplancalculator.com My advice is to do your own...
by Hayden
Sun Jan 14, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 10683

Re: [Pass-Thru Entities Questions Thread]

Seems like I may need to generate income (via Roth conversion) due to the taxable income limit. Does anyone know of an online calculator that handles Section 199A to help with decisions on generating income? Could you explain how Roth conversion increasing your taxable incomes' going to help you wi...
by Hayden
Sun Jan 14, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2448

Re: Do you correct cashier mistakes?

Yes, it makes me feel good.
by Hayden
Sun Jan 14, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: Any high-end skincare products worth it?
Replies: 37
Views: 3322

Re: Any high-end skincare products worth it?

avenger wrote:
Sun Jan 14, 2018 10:22 am
My dermatologist recommends Vanicream to wash my face. I like it because it isn’t harsh and doesn’t have added fragrance, which I (and my skin) abhor.
This is what I use. I have sensitive and dry skin and this works great.
by Hayden
Sun Jan 14, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 141
Views: 10683

Re: [Pass-Thru Entities Questions Thread]

Seems like I may need to generate income (via Roth conversion) due to the taxable income limit.

Does anyone know of an online calculator that handles Section 199A to help with decisions on generating income?
by Hayden
Thu Jan 11, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 6092

Re: Trying to downsize but still too much stuff

I think you are doing great! Why not congratulate yourself and move on? Why the desire to reduce further at this time?
by Hayden
Wed Jan 10, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with a 25 million windfall?
Replies: 47
Views: 3190

Re: What would you do with a 25 million windfall?

I would follow my IPS, in other words, no changes from what I am doing now.

If I inherited that sum and had not spent years reading bogleheads and various books and articles, it would be different.
by Hayden
Wed Jan 10, 2018 3:17 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 301
Views: 29367

Re: Post your Financial Milestone Announcements Here

I recently realized I had passed a significant milestone. The thing is, it wasn't MY milestone, in the sense that I had never contemplated hitting this number. Since I now find myself with more money than I need, I'm thinking more broadly about what to do with my money.
by Hayden
Wed Jan 10, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Buy I and EE bonds now, or wait
Replies: 7
Views: 643

Re: Buy I and EE bonds now, or wait

For iBond: The way I looked at this decision is since I am holding long term, and the fixed component of the ibond is unlikely to change much from the measly 0.1% it is now (could drop to zero or go up slightly but know one knows - a 0.1% change in either direction would be pretty meaningless), I m...
by Hayden
Wed Jan 10, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Buy I and EE bonds now, or wait
Replies: 7
Views: 643

Re: Buy I and EE bonds now, or wait

ThriftyPhD wrote:
Wed Jan 10, 2018 2:16 pm
The base rate of the EE bond is low, so you're probably relying on the doubling at year 20. That isn't going to change, so I would at least buy the EE bonds now so you're that much closer to the doubling.
Yes! Thanks! (I should have known that :oops: )
by Hayden
Wed Jan 10, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Buy I and EE bonds now, or wait
Replies: 7
Views: 643

Buy I and EE bonds now, or wait

I buy I and EE bonds each year. Plan to hold them to maturity. Should I purchase now, or wait until later in the year when rates may be higher?
by Hayden
Wed Jan 03, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: State unfunded liabilities and buying retirement home
Replies: 13
Views: 1040

Re: State unfunded liabilities and buying retirement home

http://www.sangerlaw.com/Articles/THE-PART-TIME-RESIDENT-TAX-TRAP.shtml Per the above, CA has found a new way to tap your wallet. Just a thought.....if you are a typical Boglehead and do the math for looking at owning an additional home I think you'd find that it is much cheaper to rent for three m...