Search found 650 matches

by J295
Tue May 24, 2016 7:46 am
Forum: Personal Consumer Issues
Topic: Painting House Interior - How easy to do it yourself?
Replies: 68
Views: 3147

Re: Painting House Interior - How easy to do it yourself?

I'll put a slight twist on the "it's easy" answers .... I really won't dispute that it is very doable for someone with a keen attention to detail and willingness to learn the proper way to professionally paint a room/home ..... but, for a 2600 sf home it will be a fair amount of work ........
by J295
Mon May 23, 2016 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 35
Views: 3340

Re: Advice for a soon-to-be MLB draftee

Here is the model I've seen .... Disclaimer: I'm a lawyer and when speaking about lawyers I'm only aware of what our firm does in representing professional athletes as legal counsel. I do not personally get involved with this work and it's not a significant portion of our focus as for us these are s...
by J295
Mon May 23, 2016 6:35 pm
Forum: Personal Consumer Issues
Topic: Running in new pair of shoes
Replies: 31
Views: 1584

Re: Running in new pair of shoes

Shoes -- Run in them before the race. Socks -- Try a couple of different types and see what is most comfortable for you. In the past year I (age 56) got some rather expensive highly rated socks ..... one day I was out of town and needed a pair of socks so I purchased some basic UA socks at a big box...
by J295
Wed May 18, 2016 7:00 am
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 27
Views: 1539

Re: My dilemma ... 1099 or W2. Client assures me no difference.

Do I need to register as a business "Sole proprietorship" or no need? Not required for tax purposes ..... but, there may be liability protection or other considerations that might make an entity worth considering. If you are an independent contractor do you have adequate insurance in plac...
by J295
Wed May 18, 2016 6:54 am
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 27
Views: 1539

Re: My dilemma ... 1099 or W2. Client assures me no difference.

While the dialogue about the financial differences between the 1099 and W2 are interesting, they are irrelevant to whether you are or are not an independent contractor or employee as that is a fact based determination.
by J295
Sun May 15, 2016 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Protect Assets by Transferring to "Low-Risk" Spouse?
Replies: 11
Views: 1109

Re: Protect Assets by Transferring to "Low-Risk" Spouse?

Good question and some thoughts for your consideration ..... Which is more likely ...... a. A claim against your former firm where there is a judgment that is then collected (despite resistance to collection) which exceeds the insurance funds and the funds of ALL the partners (I'm assuming that the ...
by J295
Tue May 10, 2016 11:04 pm
Forum: Personal Consumer Issues
Topic: House 'For Sale By Owner' - Can One Do It Alone?
Replies: 26
Views: 3570

Re: House 'For Sale By Owner' - Can One Do It Alone?

This isn't the same selling a car and though it can be done it takes a strong skill set in residential real estate. We've done it on our three homes but I'm a lawyer so know the process. Does your state have required disclosures? Is the lead based paint disclosure applicable? What will your contact ...
by J295
Tue May 10, 2016 10:41 pm
Forum: Personal Consumer Issues
Topic: Gifted math program for 1st grade
Replies: 66
Views: 6498

Re: Gifted math program for 1st grade

Seems like it would be worth a try. If it doesn't play out as you'd like then you'll adjust. Our school didn't have gifted programs. We knew before kindergarten that one of our children was particularly strong with things that standardized tests and schools score. Even without gifted programs he had...
by J295
Tue May 10, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming trustee of mother's trust
Replies: 9
Views: 999

Re: Becoming trustee of mother's trust

Edit. Didn't notice that the bank wasn't being cooperative..... that's frustrating as changing the account title to her would have been an easy fix. If the account can be accessed online I'd consider going online with mom (take tablet to hospital) and having her transfer all of the funds into a new ...
by J295
Tue May 03, 2016 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Employer was excited to hire me! Then silence... What did I do?
Replies: 60
Views: 6349

Re: Potential Employer was excited to hire me! Then silence... What did I do?

Really impossible to know why and I wouldn't hazards a guess our create your own fiction on why this transpired.

Google the story about the princeton professor posting his cv of failures. Might give some perspectives.
by J295
Fri Apr 29, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Question
Replies: 15
Views: 1313

Re: Chase Sapphire Question

We have insurance through the exchange and pay our monthly BCBS premium with a credit card, and there is no additional fee. So, at $1,100 per monthly premium capturing the bonus on new cards is very convenient. The gravy for us is that we can manage our MAGI in most years and qualify for a premium t...
by J295
Thu Apr 28, 2016 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire early
Replies: 29
Views: 5824

Re: Can I retire early

OP ... .good for you. Just posting to encourage you .... we transitioned to me going part time 3.5 years ago at age 53 and love the decision (all our kids were then done with college and independent). College .... can be expensive. We were lucky .... one ran fast and one didn't tend to miss many tes...
by J295
Thu Apr 28, 2016 8:37 pm
Forum: Investing - Theory, News & General
Topic: Selling in May and Walking Away?
Replies: 105
Views: 8123

Re: Selling in May and Walking Away?

If you believe in market timing this is as random and therefore as good (or poor) as any choice. Not for us though, as we don't market time.
by J295
Wed Apr 27, 2016 9:28 am
Forum: Personal Consumer Issues
Topic: OTC Patterned Dress Socks
Replies: 0
Views: 695

OTC Patterned Dress Socks

Used to find good over the calf patterned dress socks in multiple colors at Jos. A Banks, but not finding them now. Can anyone recommend a source? Thanks.
by J295
Wed Apr 27, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: I Hate My Job: Politics at Work (Advice Needed)
Replies: 108
Views: 12297

Re: I Hate My Job: Politics at Work (Advice Needed)

On a more serious side, is there a professional outlet to vent my frustrations with a medical professional but it remains off the record? I have seriously considered looking for a therapist/counselor/shrink, but I don't want any record of it happening. Too much stigma associated with it, and career...
by J295
Wed Apr 27, 2016 9:18 am
Forum: Personal Consumer Issues
Topic: Law School Advice
Replies: 89
Views: 7597

Re: Law School Advice

To elaborate a bit on the original post, I am the law student mentioned above. I have a scholarship that covers my tuition for 3 years. I have a 3.7 and am in the top 17% of my class. One B kept me from being in the top 10. In regard to the bar exam, I have no desire to live in this state when I fi...
by J295
Wed Apr 20, 2016 6:47 am
Forum: Personal Finance (Not Investing)
Topic: nice read.."Did Fidelity Cheat [One of] It's Own Clients"
Replies: 13
Views: 2341

Re: nice read.."Did Fidelity Cheat It's Own Clients"

Two sides to every story
Sensationalist headline.
Our 34 years with fidelity have been good
by J295
Tue Apr 12, 2016 8:41 pm
Forum: Personal Consumer Issues
Topic: Haggling for used car?
Replies: 13
Views: 1694

Re: Haggling for used car?

If possible, have two or three you'd be willing to buy from different sources, that way you have some leverage to "walk away" if you can't strike a fair deal. We generally keep cars a long time, so while we certainly want a "good deal" we don't need the "best deal," ins...
by J295
Tue Apr 12, 2016 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor Etiquette?
Replies: 19
Views: 3233

Re: Realtor Etiquette?

Re: Realtor Etiquette? Unread postby indexaway » Tue Apr 12, 2016 1:28 pm FrogPrince wrote: Also, regarding etiquette, realize that realtors are like used car salespeople - they make money only if the sale closes. This makes them do all sorts of borderline ethically challenged things that they woul...
by J295
Tue Apr 12, 2016 3:57 pm
Forum: Personal Consumer Issues
Topic: Considering new approach to credit card churning
Replies: 22
Views: 2713

Re: Considering new approach to credit card churning

Regarding the question on the 5/24 restriction .... see the following :

http://www.pointswithacrew.com/the-chas ... l-can-get/
by J295
Mon Apr 11, 2016 4:14 pm
Forum: Personal Consumer Issues
Topic: Pay TV channels - streaming only
Replies: 15
Views: 1948

Re: Pay TV channels - streaming only

We have amazon prime and netflix, and find that AP has the better content for us.
Still have cable because golf channel, ESPN, BTN, SEC Network, etc. are valued for the sports content.
by J295
Sun Apr 10, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: HSA "loophole" contingency plan
Replies: 8
Views: 1198

Re: HSA "loophole" contingency plan

Good strategy. If the law were to change you will likely have time to react and restructure.
by J295
Sun Apr 10, 2016 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k AND IRAs --- Am I understanding correctly?
Replies: 2
Views: 304

Re: Solo 401k AND IRAs --- Am I understanding correctly?

Thanks Spirit Rider. I have had my solo 401k in place for a few years. I didn't really pay attention until this year to consider the IRA as an additionasl vehicle, including for non income producing spouse. Really appreciate your detailed input! Have been funding HSA and paying medical out of pocket...
by J295
Sat Apr 09, 2016 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k AND IRAs --- Am I understanding correctly?
Replies: 2
Views: 304

Solo 401k AND IRAs --- Am I understanding correctly?

Well, I learned something new (thanks to turbo tax) and thought I'd pass it along (and see if I'm correct in my understanding). As I understand it, with adjusted gross income below $98,000 (including in excess of $100k from self employment, adjusted down through deductions) I can shelter A. Up to ar...
by J295
Fri Apr 08, 2016 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Any limitation on self employed health insurance premium deduction?
Replies: 6
Views: 328

Re: Any limitation on self employed health insurance premium deduction?

Interesting from the publication, which addresses all types of insurance deductions ..... still leaves me a little bit up in the air on whether that December payment for January premium should be deducted in 2015 ...... my sense is yes but I'm still analyzing ..... FROM THE IRS PUB (my emphasis) Pre...
by J295
Fri Apr 08, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Any limitation on self employed health insurance premium deduction?
Replies: 6
Views: 328

Re: Any limitation on self employed health insurance premium deduction?

Thanks Huey LD. I'll take a look. Appreciate the second set of eyes as I didn't catch this on my initial search.
by J295
Fri Apr 08, 2016 8:43 am
Forum: Personal Finance (Not Investing)
Topic: is keeping employer health insurance a good reason to stay in a bad job
Replies: 29
Views: 2115

Re: is keeping employer health insurance a good reason to stay in a bad job

In my world, and generally speaking, that is a very poor reason to stay at a bad job (there may be other reasons to hang in at a bad job). With insurance available through the ACA the insurance aspect is a financial consideration, not an insurance consideration as he can get coverage without this job.
by J295
Fri Apr 08, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Any limitation on self employed health insurance premium deduction?
Replies: 6
Views: 328

Any limitation on self employed health insurance premium deduction?

I'm circling back on a topic I've raised previously ..... I paid 13 months of health insurance premiums in 2015 to cover all of 2015 and January of 2016. You may ignore any premium tax credit issue because we don't qualify this year as income was too high. As a cash basis taxpayer may I deduct all 1...
by J295
Thu Apr 07, 2016 11:14 pm
Forum: Personal Consumer Issues
Topic: Trying to get a copy of a $20 receipt
Replies: 16
Views: 2080

Re: Trying to get a copy of a $20 receipt

Have spouse call, or just skip the $20
by J295
Thu Apr 07, 2016 9:14 pm
Forum: Investing - Theory, News & General
Topic: Are you planning to leave an "estate"?
Replies: 74
Views: 7273

Re: Are you planning to leave an "estate"?

Plan to leave assets for our children.
by J295
Thu Apr 07, 2016 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Which bank for ATM use outside the US?
Replies: 26
Views: 1697

Re: Which bank for ATM use outside the US?

Fidelity. Never have had any issues with international use.
by J295
Mon Apr 04, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter re AIRBNB income
Replies: 12
Views: 2525

IRS letter re AIRBNB income

Son received a letter from the IRS claiming he under reported income because he didn't include income from an AIRBNB 1099. It appears the IRS is in error because he rented for less than 15 days. Some of you may know that Sec. 208A(g) provides that rent received is not included in taxable income if t...
by J295
Sat Apr 02, 2016 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Spousal SS question
Replies: 15
Views: 1124

Re: Spousal SS question

Just a quick note sharing in the OP's happiness in discovering this. We just ignored SS when we were doing our planning (went to modest part time at age 53). At some late point in the process we discovered that my SS and spouses would be, at least to our way of seeing the world, pretty substantial. ...
by J295
Thu Mar 31, 2016 7:06 pm
Forum: Personal Consumer Issues
Topic: Do you pay for yardwork?
Replies: 61
Views: 5670

Re: Do you pay for yardwork?

We do our own yard mowing, but when we need some "heavy lifting" that I can't do (or don't want to do), I pay $25 per hour for college students to do the work. Typically these are children of friends, guys/ladies from the golf "bag room," college students interning at the firm wh...
by J295
Thu Mar 31, 2016 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Semi retired - part time consulting - IRA contribution?
Replies: 6
Views: 547

Re: Semi retired - part time consulting - IRA contribution?

Perhaps you are already keyed into this, but in some states if your modified adjusted gross income is too low (that's right, too low) you may not be eligible for ACA premium subsidies so be mindful of that in structuring your affairs.
by J295
Wed Mar 30, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act Premium Calculation
Replies: 3
Views: 399

Re: Affordable Care Act Premium Calculation

kaneohe and earlyout .... thanks!
by J295
Tue Mar 29, 2016 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act Premium Calculation
Replies: 3
Views: 399

Affordable Care Act Premium Calculation

When determining the amount of health premiums to deduct on our tax return do we use the total premiums paid in the calendar year regardless of the year to which they relate? For example, in 2015 all the premium payments were for 2015 premiums, except the payment in December was for the upcoming Jan...
by J295
Tue Mar 29, 2016 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Filing 2015 taxes when 1095-A form is incorrect
Replies: 11
Views: 714

Re: Filing 2015 taxes when 1095-A form is incorrect

It is my understanding that 1095-A does NOT get filed with the tax return. Our 1095-A for 2014 was incorrect, and our CPA simply filed the return with the correct information and there have been no issues. It is possible that trying to get a corrected form will be a significant hassle and cause some...
by J295
Sat Mar 26, 2016 5:06 pm
Forum: Personal Consumer Issues
Topic: How to purchase a car from someone on facebook and transport
Replies: 31
Views: 2277

Re: How to purchase a car from someone on facebook and transport

I have purchased three vehicles via the internet including two used in 2005 (which was in the fairly early days of this type of activity). Most recent was a new vehicle last month. BUT, all three were purchased from very reputable dealerships with a strong internet presence (two Lexus dealerships an...
by J295
Fri Mar 25, 2016 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: How do billionaires invest?
Replies: 50
Views: 6512

Re: How do billionaires invest?

Our acquaintances with wealth in the $100s of millions do different things regarding investments .... for starters, each family owns substantial family businesses (one of which went public) each family is conservative financially, and generally does not embrace debt one family invests only in real e...
by J295
Fri Mar 25, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: sellers want us to waive financing contingency
Replies: 80
Views: 6539

Re: sellers want us to waive financing contingency

FYI, in the event OP refuses to waive the financing contingency and sellers say no deal, an alternative approach is a clause providing the following: A financing contingency is included in the contract, provided, that in the event Seller obtains a cash offer from a third party for the same price wit...
by J295
Thu Mar 24, 2016 6:37 am
Forum: Investing - Theory, News & General
Topic: Hypothetical: How would you invest for growth if you couldn't invest in any stock market
Replies: 24
Views: 2049

Re: Hypothetical: How would you invest for growth if you couldn't invest in any stock market

No stock market investments allowed ..... I'd consider real estate and owning one or more private enterprises, including the business where I work. I'd also have an allocation to cash/fixed type investments (savings, I bonds, corporate bonds, tips, CDs, etc.).
by J295
Thu Mar 24, 2016 6:34 am
Forum: Personal Consumer Issues
Topic: $184,000? How do you like your cell phone now?
Replies: 59
Views: 6265

Re: $184,000? How do you like your cell phone now?

Interesting dialogue. Thanks to OP for generating some conversation. OP -- 9% seems high to me. Thoughts? And, what is the net present value of the future costs? For us, right now we have 7 on a family plan and the phones are relatively current and the cost quite reasonable. In fact the per person c...
by J295
Wed Mar 23, 2016 3:52 pm
Forum: Personal Consumer Issues
Topic: Black formal shoes with sneaker like support
Replies: 56
Views: 4854

Re: Black formal shoes with sneaker like support

I wore Allen Edmonds for about 20 years then switched to Ecco. For the business casual and suit/tie the Ecco are excellent and very comfortable. I have multiple pairs for work, golf, and casual (when I find something that works I stick with it!)
by J295
Wed Mar 23, 2016 8:28 am
Forum: Personal Finance (Not Investing)
Topic: When does hiring lawyer for auto accident makes sense?
Replies: 26
Views: 2236

Re: When does hiring lawyer for auto accident makes sense?

I am a (mostly) retired lawyer. I do not do this work but we have lawyers in the office who do, mostly limited to wrongful death and serious injury cases. My observation is that yes definitely see legal counsel, and get someone who is experienced and can and will go to trial if necessary. My underst...
by J295
Thu Mar 17, 2016 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: So, about health insurance...
Replies: 18
Views: 2071

Re: So, about health insurance...

If you are eligible and choose to use the exchange for insurance, and can keep your MAGI low enough, you can qualify for tax credits. The Kaiser site (Google "Kaiser health insurance premium credit") has a good calculator to estimate eligibility. If you have self employment income you can ...
by J295
Tue Mar 15, 2016 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Paralyzed by indecision
Replies: 19
Views: 2290

Re: Paralyzed by indecision

Draft an IPS and then follow it. Provide that any changes need to have a 3 month cooling period before you implement them.
Don't let perfect get in the way of implementing a good plan.
by J295
Mon Mar 14, 2016 5:37 am
Forum: Investing - Help with Personal Investments
Topic: How do I or should I start my own fund ?
Replies: 45
Views: 3670

Re: How do I or should I start my own fund ?

FYI, when I was a full time lawyer I had some exposure to this type of project. You will need to comply with federal and state securities laws. Generally speaking, the regulatory requirements are significant, as is the liability exposure. The legal and accounting costs can be material. Of course, ea...

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