Search found 25 matches

by LandOLakes
Sun Oct 22, 2017 9:55 am
Forum: Investing - Theory, News & General
Topic: Any compelling reason to not contribute to Indiana 529?
Replies: 21
Views: 830

Re: Any compelling reason to not contribute to Indiana 529?

I save 60K per year. I "cash flow" my kid's college education. So, why do I need to save for college education? KlangFool, I don’t follow your logic here. A 529 gives an immediate and (in Indiana, it seems quite sizable) return in the form of tax credits, and also gives the opportunity for tax defe...
by LandOLakes
Sun Aug 13, 2017 7:17 pm
Forum: Personal Consumer Issues
Topic: What home task(s) are worth learning to do yourself?
Replies: 46
Views: 4985

Re: What home task(s) are worth learning to do yourself?

Thanks, everybody. Illuminating and interesting replies as always! Part of me is sort of looking forward to getting a little more capable around the house (a feeling I'm sure will quickly fade once the first big repair jobs pops up). To the fellow who asked, unless things go very very badly during t...
by LandOLakes
Sat Aug 12, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: What home task(s) are worth learning to do yourself?
Replies: 46
Views: 4985

What home task(s) are worth learning to do yourself?

I am probably going to buy a house in the next 6-12 months, and have been thinking about where I want to spend my time in terms of upkeep. I am not very handy but am not completely hopeless. Is there a particular skill or set of skills that you think it's worth investing time and money to learn to d...
by LandOLakes
Tue May 16, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a Late Medical Bill
Replies: 22
Views: 1847

Challenging a Late Medical Bill

My wife gave birth to our first child approximately two years ago. Because of unforeseen complications during delivery, the baby was rushed to the NICU soon after birth and stayed for roughly a month. Thankfully, and most importantly, today the baby is doing great. Insurance covered virtually all of...
by LandOLakes
Fri Mar 24, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Help Overcoming a Lead Paint Phobia
Replies: 32
Views: 2831

Re: Help Overcoming a Lead Paint Phobia

Thank you everyone for your replies. It's been very helpful to see how people approach this issue without the emotional overlay that we carry. Part of the problem is that we had not really given a thought to lead in past apartment searches, so when the issue came in one of the first places we looked...
by LandOLakes
Thu Mar 23, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Help Overcoming a Lead Paint Phobia
Replies: 32
Views: 2831

Help Overcoming a Lead Paint Phobia

I’m hoping to draw on the forum’s collective wisdom regarding a real estate decision my wife and I are struggling with. Background: Our son, who is now 1.5 years old, dealt with some serious neurological issues in his first year of life. Thankfully, babies are extremely resilient, and he is doing wo...
by LandOLakes
Wed Mar 15, 2017 3:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 36
Views: 4220

Re: Vanguard: "Important: We've been unable to reach you by email"

I got the same letter, fwiw. When I logged in to my accounts later that night, everything was in order and I was not asked to reenter or confirm my email address.
by LandOLakes
Wed Feb 22, 2017 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement savings: Lots of $, job prospects weak
Replies: 36
Views: 4696

Re: Retirement savings: Lots of $, job prospects weak

I think your stress is misplaced, for what it's worth. Your friends who have been saving diligently in 401(k)s have the advantage of socking away some amount of money that will grow tax free until retirement, which is no small thing. But I bet they have nowhere near $1 mm in assets set saved up to t...
by LandOLakes
Sun Jan 29, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to Fill Out Nanny W-2 When Paying Her Portion of FICA
Replies: 16
Views: 1139

Re: How to Fill Out Nanny W-2 When Paying Her Portion of FICA

Thank you everyone. I'm much obliged to you all.
by LandOLakes
Sun Jan 29, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to Fill Out Nanny W-2 When Paying Her Portion of FICA
Replies: 16
Views: 1139

Re: How to Fill Out Nanny W-2 When Paying Her Portion of FICA

We had a firm prepare our nanny taxes, but in addition to federal taxes you may owe state unemployment taxes and need to have workman's comp insurance. You might want to hire a CPA to help you out. Thanks! I did pay unemployment taxes throughout the year, so I think I am sat there. It's really just...
by LandOLakes
Sun Jan 29, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to Fill Out Nanny W-2 When Paying Her Portion of FICA
Replies: 16
Views: 1139

How to Fill Out Nanny W-2 When Paying Her Portion of FICA

Having unfortunately waited almost until the last minute, I am scratching my head as to the W-2 I need to fill out on behalf of my nanny this year. Specifically, I am planning to pay both the nanny's and my portion of her FICA taxes. But I am unsure how to indicate that on her W-2 without creating t...
by LandOLakes
Wed Jan 18, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for Spousal IRA/Backdoor Roth
Replies: 2
Views: 429

Planning for Spousal IRA/Backdoor Roth

Dear all -- although I am sure questions like these have been answered elsewhere individually, I am looking for a sanity check on a couple of IRA-related issues I've been mulling over. Last year, I thought I would just be over the income limit for Roth IRA contributions. It turns out I jumped the gu...
by LandOLakes
Tue Dec 27, 2016 11:47 am
Forum: Investing - Theory, News & General
Topic: Bogleheads and stocks picking
Replies: 26
Views: 2587

Re: Bogleheads and stocks picking

...Is it a stupid idea to buy companies that are known to public and have been around for many years?... Yes, if that, and your individual consumer knowledge of the company's products, are the reason for buying them. If you expect to beat the market, you have to think something different about the ...
by LandOLakes
Sat Jul 16, 2016 8:36 am
Forum: Investing - Theory, News & General
Topic: Do You Practice Ethical Investing?
Replies: 47
Views: 3019

Re: Do You Practice Ethical Investing?

Thanks all for the interesting responses. I like the idea of generally investing for investing's sake and using the profits to fund whatever charitable endeavors you think are worthwhile, rather than blending the two. Come to think of it, that's essentially the theory behind the for-profit corporati...
by LandOLakes
Fri Jul 15, 2016 7:20 pm
Forum: Investing - Theory, News & General
Topic: Do You Practice Ethical Investing?
Replies: 47
Views: 3019

Re: Do You Practice Ethical Investing?

Don't agree with or like the term "Ethical". Fair enough--feel free to replace with your own! I've heard "socially responsible investing" used elsewhere. Whatever you call it, I simply mean making investment decisions on moral, ethical, or social grounds rather than purely finan...
by LandOLakes
Fri Jul 15, 2016 7:13 pm
Forum: Investing - Theory, News & General
Topic: Do You Practice Ethical Investing?
Replies: 47
Views: 3019

Do You Practice Ethical Investing?

Purely out of curiosity, how many bogleheads practice some form of ethical investing--that is, not investing in certain industries or companies for moral or ethical reasons? If so, how do you put this into practice? Buying funds that match your preferences? Shorting particular stocks or sectors that...
by LandOLakes
Wed Jun 29, 2016 1:10 am
Forum: Investing - Theory, News & General
Topic: Another argument against "price drop means stocks are on sale"
Replies: 101
Views: 7114

Re: Another argument against "price drop means stocks are on sale"

[The "Stocks on sale" is mental trick that people use to help them deal with market volatility. Returns after dips will be higher than before the dip. (i.e the stock is at 100 today. It drops to 90 tomorrow. Obviously the person who buys a 90 does better than the one who buys at 100). The...
by LandOLakes
Tue Jun 07, 2016 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Unexpected Raise and Roth Limits
Replies: 8
Views: 1296

Re: Unexpected Raise and Roth Limits

A few months ago you said your salary was $170k, your wife has a modest taxable investment account, and you are maxing your 401k and HSA. That would put your MAGI around $150k pre-raise. The Roth IRA phaseout starts at $184k MAGI, so are you saying you are getting a >$34,000 raise? Is so, congratul...
by LandOLakes
Tue Jun 07, 2016 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Unexpected Raise and Roth Limits
Replies: 8
Views: 1296

Unexpected Raise and Roth Limits

I recently learned that I may receive an unexpected raise that will push me over the Roth IRA contribution limit for 2016. However, I already fully funded my Roth IRA in February based on projected income for the year. What are my options? I believe I can recharacterize the contribution as an after-...
by LandOLakes
Sun May 01, 2016 7:57 pm
Forum: Personal Consumer Issues
Topic: Best Use for Sapphire Points
Replies: 10
Views: 1760

Re: Best Use for Sapphire Points

TravelGeek, I got the card originally for the sign up bonus so I could take my wife to France for our anniversary. I never got around to canceling the card (maybe it had something to do with that baby!) and just now checked my balance. Glad to know cashing out now isn't a totally daft move.
by LandOLakes
Sun May 01, 2016 4:49 pm
Forum: Personal Consumer Issues
Topic: Best Use for Sapphire Points
Replies: 10
Views: 1760

Best Use for Sapphire Points

I have about 100,000 points on my Chase Sapphire card, which I'm sure isn't a lot to points-chasers, but seems like quite a bit to me. This is the first time I've accumulated a significant points balance, so I'm curious: how do you all suggest I use them to get the highest return? Ordinarily I would...
by LandOLakes
Tue Mar 22, 2016 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: W-2 for Nanny Paid Only $1200 in 2015?
Replies: 2
Views: 577

W-2 for Nanny Paid Only $1200 in 2015?

My wife and I hired our first nanny last November and I am pulling out my hair trying to figure out our tax implications. I know we paid her only $1,200 total last year, so my understanding from IRS Pub 926 is that I do not have to pay FICA this year. But I do have to pay unemployment tax because we...
by LandOLakes
Wed Feb 17, 2016 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Out
Replies: 8
Views: 799

Re: Starting Out

JI0124: oh, yes, I guess that's right. But I still wonder what happens if our MAGI goes over 180K, or whatever the limit is, in future years.
by LandOLakes
Wed Feb 17, 2016 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Out
Replies: 8
Views: 799

Re: Starting Out

Thanks for the comments, everyone. I appreciate it. Blueblock: yes, that's the emergency fund. I figure it's about five months' worth of expenses. Interesting that you think I need more--and you may be right. So definitely something to think about. Mattshwink: I was in a slightly lower tax bracket l...
by LandOLakes
Tue Feb 16, 2016 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Out
Replies: 8
Views: 799

Starting Out

In the past year I started a new job and my wife and I had our first baby, so I thought now would be a good time to get our cards in order. Thank you all in advance -- I've been reading the forums for several weeks and find them very informative. My salary is 170K. My wife is currently staying home ...