Search found 683 matches

by Hayden
Tue May 24, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house?
Replies: 43
Views: 2010

Re: Should I buy a house?

I would love to be footloose and fancy free. A house can quickly become an albatross. I recommend you not tie yourself down. Too many things can change, and you want to be free to move quickly in new directions as they arise.
by Hayden
Tue May 10, 2016 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Retire now or OMY, [One More Year]
Replies: 65
Views: 9013

Re: Retire now or OMY, [One More Year]

I'm semi-retired, I work a little, but not so much that it interferes with my life. For me, the biggest issue was health. I used to work all the time, and my health suffered as a result (no exercise, ate at restaurants every day). Now I have the time to make health a priority. I have the same basic...
by Hayden
Tue May 10, 2016 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Retire now or OMY, [One More Year]
Replies: 65
Views: 9013

Re: Retire now or OMY, [One More Year]

I'm semi-retired, I work a little, but not so much that it interferes with my life. For me, the biggest issue was health. I used to work all the time, and my health suffered as a result (no exercise, ate at restaurants every day). Now I have the time to make health a priority.
by Hayden
Sun May 08, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: public pension plan unfunded liabilities
Replies: 64
Views: 6854

Re: public pension plan unfunded liabilities

If you do not have a 8 figure or 9 figure portfolio why do you care about individual municipal bond ratings and origin? I am confused. I just buy Vanguard Intermediate Term Muni bond fund and leave the bond selection to them. I use this "active" bond fund because I trust Vanguard and thei...
by Hayden
Tue May 03, 2016 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Small Business Savings
Replies: 11
Views: 722

Re: Small Business Savings

Our business has a Vanguard account and we place temporarily unneeded cash in the Short and Intermediate Term Investment Grade funds. We use the two funds to avoid the frequent trading restriction although that is not much of a problem now that it was reduced to 30 days. We can get the money in two...
by Hayden
Tue May 03, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Small Business Savings
Replies: 11
Views: 722

Re: Small Business Savings

I keep the company's money in an account at Vanguard. But, I don't transfer money back and forth often. I use it for reserves that just sit there.
by Hayden
Mon May 02, 2016 7:20 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 654
Views: 103442

Re: Boglehead Beer

I'm seriously looking forward to spending some time at Founder's in Grand Rapids this weekend. Good food, good friends, world-class brews. Founder's Breakfast Stout is one of my very favorite beers. Enjoy! I had been looking for this for a very long time, since first reading about it on Bogleheads....
by Hayden
Sun May 01, 2016 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: I own an S-Corp, can I not pay myself and only my contractors?
Replies: 22
Views: 1582

Re: I own an S-Corp, can I not pay myself and only my contractors?

You have to pay yourself a reasonable salary. Search for reasonable salary for S Corp owner. There has been much written on this subject.
by Hayden
Wed Apr 27, 2016 6:38 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 3638

Re: Should I accept this offer on my house?

Thanks for the advice, everyone! i just told my realtor to accept the $420.
I'm ready to start the next phase of my life (retirement)!
by Hayden
Wed Apr 27, 2016 2:47 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 3638

Re: Should I accept this offer on my house?

Hmm... It's an unusual situation. I'm surprised that your neighboring houses took years to sell, assuming they, too were really on the market, and at a reasonable price. It sounds like a very unusual market - a house well above the local averages, in a "company town", more or less, where ...
by Hayden
Wed Apr 27, 2016 2:21 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 3638

Re: Should I accept this offer on my house?

What will it cost you in taxes, insurance, and maintenance if it took another eight months to sell? If it sells, i think we'd probably rent a small apartment until we decide where we want to live in retirement. So the math is probably a wash. Unless, of course, something unforseen happens in the ho...
by Hayden
Wed Apr 27, 2016 2:16 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 3638

Re: Should I accept this offer on my house?

Has it been on the market for 8 months at $450K, or have you gradually lowered the price? Is it sitting vacant (i.e. a pure financial drain), or are you living in it, perhaps waiting to buy something else until after you've sold this house? It has been on the market at $450 the entire time. We have...
by Hayden
Wed Apr 27, 2016 2:11 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 3638

Re: Should I accept this offer on my house?

It's been on the market for 8 months. Unless something changes in your local market, $420k is the market value of the house. If you're not in a rush to sell, why is it on the market at all? The houses on either side of us took several years to sell. I knew it would be hard to find a buyer, so i put...
by Hayden
Wed Apr 27, 2016 2:01 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 3638

Should I accept this offer on my house?

My house is listed for $450k. Has been on the market for 8 months. My realtor thinks this is a reasonable price; he says house won't have trouble appraising at this value. Zillow estimate is $540k. Received an offer for $400. I countered at $445. Today they countered at $420. They say it's their fin...
by Hayden
Tue Apr 26, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: Women business clothes - what brands make the right impression?
Replies: 64
Views: 5933

Re: Women business clothes - what brands make the right impression?

I suggest go to the personal shopper at Nordstrom. What you described is exactly their job.
They will have their tailor make the clothes fit you. Personally I think a good fit is far more important than the name on the label.
by Hayden
Mon Apr 25, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1273

Re: Should I start my own consulting business?

Also check if your company's supplier have clauses in their contract with your company that restricts them from working (soliciting) with you (and other employees of your company). Getting clients is the most difficult. Your potential clients may not want to deal with a 1 person company. Or ruin th...
by Hayden
Mon Apr 25, 2016 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need General Liability (business) insurance
Replies: 1
Views: 193

Need General Liability (business) insurance

I just was notified that my company is being non-renewed because the insurance carrier is no longer writing these policies. I carry General Liability, but not Professional Liability insurance. My agent is going to shop my application around, but he tells me that the other carriers are likely to requ...
by Hayden
Sun Apr 24, 2016 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover SEP-IRA into Individual (Solo) 401k?
Replies: 7
Views: 336

Re: Rollover SEP-IRA into Individual (Solo) 401k?

Vanguard's solo 401k does not accept rollovers, but Fidelity's does. You might talk to Fidelity about this.
by Hayden
Sun Apr 24, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed estimated taxes on s-corp income
Replies: 3
Views: 390

Re: Self employed estimated taxes on s-corp income

You can increase your withholding to cover your entire tax liability (best option) or make quarterly estimated tax payments. What I used to do: at the beginning of the year, I would make my best estimate, and then schedule 4 equal quarterly payments in EFTPS. Near the end of the year, I would make a...
by Hayden
Sun Apr 24, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: S Corp has more than 25% passive income
Replies: 2
Views: 389

Re: S Corp has more than 25% passive income

The provision only applies if your s corporation was formerly a c corp (this is indicated by the requirement of "earnings and profits", which only c corps can generate). congress was concerned that instead of distributing profits and incurring a shareholder level tax on former c corp earn...
by Hayden
Sun Apr 24, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1273

Re: Should I start my own consulting business?

Do you have relationships with the client companies? How will you get that first consulting contract? Do you know the process for getting them to hire you as a consultant? I don't have existing relationships in place, but I do have a list of potential clients and I know who would be best to target....
by Hayden
Sun Apr 24, 2016 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1273

Re: Should I start my own consulting business?

Do you have relationships with the client companies? How will you get that first consulting contract? Do you know the process for getting them to hire you as a consultant?
by Hayden
Sun Apr 24, 2016 9:33 am
Forum: Personal Finance (Not Investing)
Topic: How to double check CPA work?
Replies: 24
Views: 1929

Re: How to double check CPA work?

I think the chances that the CPA's software is making an arithmetic error are small. What you want to check for are input errors. Just go through the return provided by your CPA and check each number.
by Hayden
Sun Apr 24, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: S Corp has more than 25% passive income
Replies: 2
Views: 389

S Corp has more than 25% passive income

In reading the instructions for form 1120S, I found a statement that if the S Corp has more than 25% passive income for 3 consecutive years, it is automatically converted to a C Corp. This has me worried because my S Corp had more than 25% passive income (a section 1231 gain from sale of property) i...
by Hayden
Sat Apr 23, 2016 12:30 pm
Forum: Personal Consumer Issues
Topic: How should we negotiate home decorating proposal?
Replies: 17
Views: 1261

Re: How should we negotiate home decorating proposal?

What about the cost of all the stuff to furnish the house? Not just the big furniture items. Decorators love to use lots of ridiculously expensive decor. Without knowing how that stuff is going to be priced, you don't know the real cost. In my area, many stores provide free or low cost decorating ad...
by Hayden
Sun Apr 17, 2016 10:28 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1548
Views: 348694

Re: What Book Are You Currently Reading? Part VI

Younger Next Year by Chris Crowley and Henry Lodge. Great book to motivate me to put down my tablet and go out and exercise. They present science on aging to argue that one can continue to live like a 40 or 50 year old well into one's 80s. The secret is a rigorous exercise regime (along with sensibl...
by Hayden
Mon Apr 11, 2016 10:05 am
Forum: Personal Consumer Issues
Topic: What to do and see in Lisbon and Azores?
Replies: 16
Views: 1207

Re: What to do and see in Lisbon and Azores?

We enjoyed the castle and exploring the Barrio alta. Also loved the day trip to Sinatra and the coast.
Drink lots of red, white, and Verde wine. (Yes, verde).
We also found a lunch place that we absolutely loved, it is called time out market. Highly recommend it.
by Hayden
Sat Apr 09, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a part time job for discounted travel?
Replies: 17
Views: 1311

Re: Would you take a part time job for discounted travel?

Personally, I would, IF, I enjoyed the work And the work did not interfere with the travel and other things I want to do. But that's just me.
by Hayden
Sat Apr 09, 2016 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Property tax deduction
Replies: 10
Views: 766

Re: Property tax deduction

For an authoritative answer, you should probably consult a tax attorney or professional. But you might check these out, just so you know what questions to ask. http://law.scu.edu/same-sex-tax/shared-home-ownership-who-gets-to-take-interest-and-property-tax-deductions/ https://ttlc.intuit.com/questi...
by Hayden
Sat Apr 09, 2016 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Property tax deduction
Replies: 10
Views: 766

Property tax deduction

I own a house with my partner, 50-50. I pay the property taxes, and the property tax notice only shows my name. Am I supposed to deduct the property taxes 100% on my return, or 50% on each return? If he deducts 50% of the property taxes, and he gets audited, he has nothing to substantiate the deduct...
by Hayden
Thu Jan 28, 2016 8:48 pm
Forum: Personal Consumer Issues
Topic: Should I forward mail to Spain
Replies: 10
Views: 983

Re: Should I forward mail to Spain

For two months, I think I would just find someone to empty my mailbox once a week and set up any bills that will occur during that time to be paid automatically or send you notification via email so you can pay them online. It takes me three weeks at times to send a letter to England from here so a...
by Hayden
Thu Jan 28, 2016 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Ordinary loss or Section 1231 loss on company car
Replies: 3
Views: 320

Re: Ordinary loss or Section 1231 loss on company car

It could be both. The rule is that if your section 1231 loses exceed your section 1231 gains then the net loss is ordinary. If gains exceed losses, then the net gain is capital. Congress intended this to be a best of both worlds type result (net gains capital, net losses ordinary) as a sop to the l...
by Hayden
Thu Jan 28, 2016 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ordinary loss or Section 1231 loss on company car
Replies: 3
Views: 320

Ordinary loss or Section 1231 loss on company car

My S Corp sold a car this year. The CPA prepared the 1120S. The sale of the car is reported on the K-1, Box 17 Code K.

When i enter the K-1 in Turbotax, it records the loss on the sale of the car as a Section 1231 loss. I expected it to be an ordinary loss.

Is this correct?
by Hayden
Thu Jan 28, 2016 12:35 pm
Forum: Personal Consumer Issues
Topic: Should I forward mail to Spain
Replies: 10
Views: 983

Should I forward mail to Spain

Now that I am semi-retired, I am getting ready to go to Spain for two months. I have set up my mail to all go to a UPS commercial mail box. They say they will forward mail to me anywhere. Should I forward the mail to Spain? Is mail shipment to Spain fast and reliable? If it takes a long time to arri...
by Hayden
Tue Jan 26, 2016 11:31 am
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 222
Views: 14950

Re: Do you pay for exercise?

No. Walking is free. You can walk slowly or quickly. For a more vigorous workout, walk up a hill. Treadmills are dreadfully boring without a workout partner, and the air is stale. Outside, the air smells fresher (except at rush hour on a humid summer day). The scenery is stimulating too. I can walk...
by Hayden
Fri Jan 22, 2016 8:26 pm
Forum: Personal Consumer Issues
Topic: TurboTax / Tax Audit.com <<<WARNING>>>
Replies: 9
Views: 1826

Re: TurboTax / Tax Audit.com <<<WARNING>>>

Thanks for posting. I buy it every year through TT. It hadn't occurred to me to buy it direct.
by Hayden
Tue Jan 19, 2016 12:23 pm
Forum: Personal Consumer Issues
Topic: Business Insurance Estimates?
Replies: 3
Views: 234

Re: Business Insurance Estimates?

The workers comp cost is State dependent.
by Hayden
Sun Jan 17, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 181
Views: 22842

Re: I'm Calling an Emerging Markets Bottom

I don't tilt. My nominal allocation to EM is market weights as shown by the Vanguard Portfolio Watch tool. Vanguard and Morningstar have different definitions of the countries that they say have EM stock markets, so take that into account, too. Thanks. The difference between M* and Vanguard is what...
by Hayden
Sun Jan 17, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 181
Views: 22842

Re: I'm Calling an Emerging Markets Bottom

I'm trying to figure out what my EM target weight should be. From looking at M*, it looks like EM is about 7% of world stock. About 14% of international stock. My AA calls for 30% US stock, 20% International stock. That would suggest about a 3% allocation to EM. For those who tilt, what allocation t...
by Hayden
Fri Jan 15, 2016 11:34 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 181
Views: 22842

Re: I'm Calling an Emerging Markets Bottom

OK, I will ask my spouse to invest her 2016 Roth IRA contribution 100% into emerging markets. Which ETF should she choose: VWO, DGS, or EWX? She intends to invest today. :-) DGS, it's a nice RBD today too! OK, transaction completed. Thanks! I'm planning on following you today, buying emerging marke...
by Hayden
Thu Jan 14, 2016 10:34 am
Forum: Personal Finance (Not Investing)
Topic: IRS IP PIN Received Today but for Tax Year 2014?
Replies: 36
Views: 3960

Re: Finally got my IRS IP PIN and .....

How did you get the PIN?

I received a letter telling me they had placed an identity theft indicator on my account, and instructing me to go to a website to request a PIN. But, the website was down, so I could not request the PiN.
by Hayden
Sun Jan 10, 2016 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: TLH in 15% bracket--ever worth it?
Replies: 19
Views: 1314

Re: TLH in 15% bracket--ever worth it?

I've been fiddling with Taxcaster to predict my 2016 taxes. It says I'm in the 15% bracket. Then i play with adding or subtracting capital gains. It changes the outcome by 20% - 30%, depending on the numbers. E.g., I add $1000 in capital gain and the tax owed goes up by $310. Not at all what I expe...
by Hayden
Sun Jan 10, 2016 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: TLH in 15% bracket--ever worth it?
Replies: 19
Views: 1314

Re: TLH in 15% bracket--ever worth it?

I've been fiddling with Taxcaster to predict my 2016 taxes. It says I'm in the 15% bracket. Then i play with adding or subtracting capital gains. It changes the outcome by 20% - 30%, depending on the numbers. E.g., I add $1000 in capital gain and the tax owed goes up by $310. Not at all what I expec...
by Hayden
Thu Jan 07, 2016 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: I chose to reinvest to fund, but received a check for the dividend
Replies: 9
Views: 617

Re: I chose to reinvest to fund, but received a check for the dividend

This happened to me at Vanguard a few years back. I called them, and they said they would fix it. It happened again the following quarter. I called them again. It hasn't happened since. Vanguard seems to have a subtle bug in their system where this occasionally happens. Call them each time it occur...
by Hayden
Thu Jan 07, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Existing LLC filing as an S-corp for the first time
Replies: 11
Views: 433

Re: Existing LLC filing as an S-corp for the first time

We have been a business for a number of years as an LLC filing as a partnership. We are looking to change this year to an LLC filing as an S-Corp. We are doing so because we realize there is some savings in declaring some portion of what we receive as distributions. We are finding it difficult to f...
by Hayden
Tue Jan 05, 2016 12:29 pm
Forum: Personal Consumer Issues
Topic: How often does your credit card # get stolen?
Replies: 73
Views: 3754

Re: How often does your credit card # get stolen?

Never happened to me
by Hayden
Tue Jan 05, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance for millionaires?
Replies: 61
Views: 5548

Re: Insurance for millionaires?

An interesting question is at well level of net worth can someone self-insure for LTC. That depends on how much long term care would cost and what other expenses you would have if you were in LTC. It should be possible to determine how much that would be today. You can then make a guess as to futur...
by Hayden
Tue Jan 05, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Person who has no dependents
Replies: 3
Views: 363

Re: Estate Planning for Person who has no dependents

I keep very precise records. BTW, I worry less about your "kick the bucket" scenario than a case where I am suddenly incapacitated (car accident, stroke, etc) and someone needs to step in and manage things for me.
by Hayden
Mon Jan 04, 2016 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Simplifying SMLLC-Taxed-As-SCorp: Payroll, 1040-ES
Replies: 5
Views: 383

Re: Simplifying SMLLC-Taxed-As-SCorp: Payroll, 1040-ES

I don't see how your plan helps you. You still have to submit payroll taxes and file the 941 each quarter. Since you're doing that, why wouldn't you just do withholding?

If you want to save yourself effort, withhold enough that you don't need to do the 1040ES.

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