Search found 233 matches

by PVW
Mon Jun 19, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus, in bitcoin
Replies: 21
Views: 1849

Re: Bonus, in bitcoin

Overstock has paid bitcoin bonuses to their employees.
http://www.ibtimes.co.uk/bitcoin-friend ... es-1459424
by PVW
Mon Jun 19, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Bonus, in bitcoin
Replies: 21
Views: 1849

Re: Bonus, in bitcoin

IRS considers Virtual Currencies as property.

https://www.irs.gov/uac/newsroom/irs-vi ... y-guidance
by PVW
Wed Jun 14, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4743

Re: Curious to odd estate question

Scenario, you want any assets that remain after you die to essentially vaporize so no one (person, institution, Government, Church, Charity) can benefit from them. Take it with you. By this I mean convert your estate value into cash and have it buried with you. Might have to do something elaborate ...
by PVW
Tue Jun 13, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Employee theft - How best to proceed
Replies: 26
Views: 2640

Re: Employee theft - How best to proceed

but you are aware that your employee committed fraud and you have done nothing to rectify the situation. If you do nothing you are aiding in fraud which would make you an accomplice. No, it wouldn't. There is no 'failure to report' law in Illinois that applies to this situation and to be an accesso...
by PVW
Tue Jun 13, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decide how to get [paid: W-2 or 1099?]
Replies: 15
Views: 1298

Re: Can't decide how to get pay.

As mentioned above, your dad has to use the IRS rules to determine​whether you are an independent contractor or an employee: https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee If he follows the rules, he cannot arbitrarily pick one vs the ...
by PVW
Tue Jun 13, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Employee theft - How best to proceed
Replies: 26
Views: 2640

Re: Employee theft - How best to proceed

I am not a lawyer, but you are aware that your employee committed fraud and you have done nothing to rectify the situation. If you do nothing you are aiding in fraud which would make you an accomplice.
by PVW
Fri Jun 09, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Looking for a pan 14x20 inches maybe an inch deep at a low cost
Replies: 14
Views: 1021

Re: Looking for a pan 14x20 inches maybe an inch deep at a low cost

If it doesn't need to be that exact size, then aluminum sheet pans (full, half, quarter) are generally very reasonable at restaurant supply stores. But be careful, they can be a bit expensive for name or department store brands.
by PVW
Fri Jun 09, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 103
Views: 6436

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

pascal wrote:Hindsight bias I suppose.


If you want to cure yourself of hindsight bias, make some predictions now and see how they do in the future. But then I guess there is the possibility your predictions will work out and you can easily mistake luck for skill.
by PVW
Fri Jun 02, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a way on earth to reduce SS taxes?
Replies: 54
Views: 4509

Re: Is there a way on earth to reduce SS taxes?

Almost all "tax efficient" posts and articles point to Federal and state taxes. I have read nothing that refers to SS taxes efficiency (while working as an employee). Is there such a way to have this tax reduced? Trying not to be too political, but I'm happy to pay SS tax. This is one cas...
by PVW
Fri Jun 02, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: Car engine dispute
Replies: 29
Views: 2591

Re: Car engine dispute

MP173 wrote: Is there an arbitration service to take this to, or should I contact a lawyer?


What does GM owe you? They weren't obliged to extend your warranty and they are not obliged to retroactively honor it.
by PVW
Wed May 31, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 242
Views: 24686

Re: Where to Live on $60K or Less a Year?

Why? Is it a showstopper that MNF doesn't start until 8:30pm?? Everything seems to run "late", including the sunrise time. It is hard to explain in words, but every time we visit somewhere in the eastern time zone, things just feel "off." I agree. I lived most of my life in the ...
by PVW
Thu May 25, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Help! Renters asking for radon mitigation--what do I need to do?
Replies: 18
Views: 1655

Re: Help! Renters asking for radon mitigation--what do I need to do?

If mitigation is needed, how quickly do I need to get it repaired The EPA explains risk in terms of Radon levels and exposure over a lifetime. Given that timescale, as a tenant, I wouldn't be too concerned about a few extra months of exposure. https://www.epa.gov/sites/production/files/2016-12/docu...
by PVW
Thu May 25, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: Advice on kid's precalc learning
Replies: 47
Views: 2814

Re: Advice on kid's precalc learning

Calculus, and the closely related field of differential equations, are what separate STEM from non-STEM. You don't need precalc to be successful, but I think it would be a shame to remove that opportunity just because some people on the internet said you should give up on helping your kid succeed in...
by PVW
Tue May 23, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Lawyers charging for asking about fees
Replies: 62
Views: 7622

Re: Lawyers charging for asking about fees

I was once billed for 15 minutes of time ($90) for a lawyer sending me a bill... but the bill had nothing on it except that 15 minutes of time for sending me that bill (for no services provided; hadn't talked to him in months). Charged to send me a bill for nothing else but the act of sending an ot...
by PVW
Thu May 18, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: Neighbor draining onto / flooding my patio and yard daily - what can I do?
Replies: 59
Views: 5022

Re: Neighbor draining onto / flooding my patio and yard daily - what can I do?

I don't want to get lawyers involved In many cases, lawyers can help figure out who is in the wrong, but in this case I agree you probably don't want a lawyer. When it comes to drainage issues, you probably don't want to stick to the letter of the law and, without knowledge of your local laws, it's...
by PVW
Tue May 16, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Take a reduction in pension?
Replies: 23
Views: 1543

Re: Take a reduction in pension?

For an average 69 year old male, you have about a 71% chance of living to age 79. Your average life expectancy is about 15 years and you have about a 28% chance of living to 89. https://www.ssa.gov/oact/STATS/table4c6.html Giving up some income to guarantee your pension payout for 10 years will not ...
by PVW
Fri May 05, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 4018

Re: Unmarried couple purchasing a home?

If your other assets are (or will be) significantly greater than the value of this house, I recommend doing whatever feels right - e.g., if you both want to be "invested" in owning a home, then put both your names on the deed and mortgage, maybe you 2 are more comfortable with a landlord t...
by PVW
Thu May 04, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Starting new job mid-career - What advice to learn from my past?
Replies: 39
Views: 2284

Re: Starting new job mid-career - What advice to learn from my past?

I used to be an avid mountain biker in challenging terrain. The best piece of encouragement/advice I ever got was "learn to love the uphill ride". If your job is technical support, learn to love the incompetent people. They are job security. You will get noticed by both the incompetent peo...
by PVW
Thu May 04, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you save if you don't have insurance?
Replies: 31
Views: 2089

Re: How much would you save if you don't have insurance?

If you are asking what you would expect to pay for healthcare if you didn't rely on any kind of insurance, then these studies might be useful (but a bit dated). Prudential estimates that from age 65, the average couple would spend about $200K. Which seem reasonable to include in your retirement savi...
by PVW
Thu Apr 27, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 5066

Re: $300+ to remove a racoon. Really?

I guess moth balls have pesticides in them that kills the moths. The poison is bad stuff and can kill all kinds of things. See below for links. I will be more careful putting them out to drive away animals. http://npic.orst.edu/ingred/ptype/mothball/regulation.html http://www.colonialpest.com/dont-...
by PVW
Thu Apr 27, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 5066

Re: $300+ to remove a racoon. Really?

FWIW- Had a skunk give birth under our sun room. Threw 10 to 15 moth balls under the sun room porch and that night we watched the mother carry two babies, one at a time in her mouth out from under the porch. Also had a racoon move into our boat, and after scattering a bag of moth balls in the boat ...
by PVW
Tue Apr 25, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Appealing a bill
Replies: 18
Views: 1389

Re: Appealing a bill

No major problem with the amount of the bill. The concern is with the time with the doctor which was 5 minutes (no procedures, only talk, ordered some tests). What are you appealing? This statement indicates you are dissatisfied with the amount of time you spent with your doctor. What do you expect...
by PVW
Mon Apr 24, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Administration Professionals Day
Replies: 17
Views: 1660

Re: Administration Professionals Day

First be sure whether or not she would appreciate a gesture. I know an assistant (who is the brightest star in my sky) that is quite insulted by the special day.

Edited to add: Sorry OP, I didn't mean to attract the pedants and derail your thread.
by PVW
Thu Apr 20, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 13120

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

RudyS wrote:BUT, I never complained to anyone other than my wife!


I agree with the general consensus that complaining about the boss is bad, but it can be very cathartic, especially if your boss is causing you stress. Find someone you can trust to complain to.
by PVW
Thu Apr 20, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5532

Re: When does it make sense to start paying down (or off) a low rate mortgage?

Another consideration is future inflation rate. A mortgage is an inflation hedge because you are paying off today's expenditures with tomorrow's inflated dollars. If you expect high inflation, then keep a low rate mortgage and vice versa.
by PVW
Wed Apr 19, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Adult child lack of availability at tax time.
Replies: 24
Views: 2066

Re: Adult child lack of availability at tax time.

Assuming this is just procrastination and your son will eventually file his own taxes, the IRS won't be too harsh and might provide the right motivation for your son. If your son is evading taxes, then this comes down to parenting advice for any other criminal behavior and each situation and parent/...
by PVW
Tue Apr 18, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Help with pension info
Replies: 9
Views: 457

Re: Help with pension info

Without knowing the pension benefit, I would value it as 3% of salary. So it's worth about $3K per year.
by PVW
Tue Apr 18, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 5549

Re: How to make best use of lunch with the company president/CEO?

The CEO's goal is probably to get in touch with average employees and to find out how they feel about working at your company. Give him what he wants. Prepare yourself (mentally or with notes) to discuss your role at the company and what you like and dislike about your work process. If you have any ...
by PVW
Wed Apr 12, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Legality of renters posting reviews of a condominium complex?
Replies: 82
Views: 3794

Re: Legality of renters posting reviews of a condominium complex?

If you want to hide the truth, you need a PR firm not a lawyer. Maybe some paid advertisement on Yelp will help improve your ratings.
by PVW
Tue Apr 11, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Asking employer benefits while leaving after an extended FMLA leave
Replies: 17
Views: 1750

Re: Asking employer benefits while leaving after an extended FMLA leave

Many of the benefits you are asking about are based on company policy, though there might be state laws for items like accrued leave. In any case, the details are probably in your employee manual or other company policy statements. At my company, there are no differences for employees terminating wh...
by PVW
Mon Apr 10, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 105
Views: 4983

Re: Require Access to School Records?

I am letting her be as much an adult and as independent as she can be for someone that still has no recognizable way to make a living. gasdoc Most adults in the US don't have college degrees and many of those that do have done it on their own financing, so "no recognizable way to make a living...
by PVW
Mon Apr 10, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to report lumpsum Relocation bonus (paid by employer) on tax forms?
Replies: 13
Views: 1042

Re: Do I need to report lumpsum Relocation bonus (paid by employer) on tax forms?

Since there is no indication on your w-2 that this is reimbursement for actual moving expenses, then this is just a bonus. Don't get confused by any mention of relocation or gross-up. They gave you $XX and withheld $YY for taxes. These numbers will be correctly reflected in your w-2 statement and th...
by PVW
Wed Apr 05, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to report lumpsum Relocation bonus (paid by employer) on tax forms?
Replies: 13
Views: 1042

Re: Do I need to report lumpsum Relocation bonus (paid by employer) on tax forms?

Your relocation bonus is taxable. But if you itemize, you can deduct actual moving expenses.

In short, the total amount of the bonus is treated like income.

https://www.irs.gov/publications/p521/ar02.html
by PVW
Mon Apr 03, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Did you and your spouse have different opinions on retirement income need?
Replies: 31
Views: 2603

Re: Did you and your spouse have different opinions on retirement income need?

I'm curious if, heading into retirement, how many people felt differently than their spouses about the necessary level of income? And if so, how did you reconcile? Because of some job changes and decisions in our 50's we now have two mortgages, and even in retirement don't see being able to elimina...
by PVW
Thu Mar 30, 2017 11:38 am
Forum: Personal Consumer Issues
Topic: House buying- How to think about property taxes?
Replies: 39
Views: 3417

Re: House buying- How to think about property taxes?

While property taxes may feel like a kickback that must be paid for the privileged of owning a home, you actually get something of value (public services) in return for the taxes. These things are part of the value of your home and it's location. When you sell your home, hopefully the value of these...
by PVW
Fri Mar 24, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Help Overcoming a Lead Paint Phobia
Replies: 32
Views: 2526

Re: Help Overcoming a Lead Paint Phobia

Educate yourself from reliable sources. Anecdotal evidence and eloquent opinions are not helpful in making an informed decision about the health of your children.

https://www.epa.gov/lead
by PVW
Wed Mar 22, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: child support question
Replies: 38
Views: 1540

Re: child support question

Don't try to game the system.... That's not a fair statement. She's been declining increases she's entitled to for 10 years because she has a big heart. ... If he takes you back to court, trust that the judge is going to be equitable.... That is a fair statement. Sorry, I didn't mean to imply that ...
by PVW
Wed Mar 22, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: child support question
Replies: 38
Views: 1540

Re: child support question

Don't try to game the system. Take what's fair. A cost-of-living adjustment is fair. If he takes you back to court, trust that the judge is going to be equitable. If his income has decreased since the last time the judge awarded you child support, then suck it up and take your fair share.
by PVW
Mon Mar 13, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 221
Views: 45213

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Any advice? What would you recommend? I don't think I'm going to pursue any legal action against my BIL, though the state may From the information you provided, it is reasonable to believe that your mother has been criminally exploited. While you can decide to not pursue a civil case against your (...
by PVW
Thu Mar 09, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: Best Resource to Introduce the Idea that Past Returns do not Indicate Better Funds
Replies: 20
Views: 1335

Re: Best Resource to Introduce the Idea that Past Returns do not Indicate Better Funds

I'd like to start to introduce the idea that there is another philosophy, that one cannot predict future performance [...] So here's my question: What would you use for succinct but powerful evidence to introduce this idea? User lack_ey provided some good research links in another thread https://ww...
by PVW
Sun Mar 05, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Second home or not ready
Replies: 56
Views: 4752

Re: Second home or not ready

If your marginal tax rate is the same now as it will be in retirement, there is no advantage or penalty for a backdoor Roth conversion. You either pay taxes now on the conversion, or later on the withdrawal. Taking money out of a traditional/rollover IRA is best done when you are in a low tax brack...
by PVW
Fri Mar 03, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting taxes paid
Replies: 5
Views: 649

Re: Deducting taxes paid

State and Local Income Taxes You can deduct state and local income taxes. Exception. You can’t deduct state and local income taxes you pay on income that is exempt from federal income tax, unless the exempt income is interest income. For example, you can’t deduct the part of a state's income tax th...
by PVW
Fri Mar 03, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Single-Payment Annuities
Replies: 11
Views: 1041

Re: Single-Payment Annuities

You can buy annuities with pre-tax or post-tax money. If you buy it with pre-tax money, then all of the annuity payments are taxable as income. If you buy it with after-tax money, then part of your annuity payments are just return of your original investment. Your returned money is not taxed, but an...
by PVW
Fri Mar 03, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Purchasing Program
Replies: 19
Views: 1230

Re: Employee Stock Purchasing Program

Is there a required holding period? If not, then sell your ESPP stock immediately after purchase and it is basically free money (or free income, because you still have to pay tax on the "free" part). If there is a required holding period, then you are taking on a lot more risk just to be a...
by PVW
Fri Mar 03, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Second home or not ready
Replies: 56
Views: 4752

Re: Second home or not ready

If your marginal tax rate is the same now as it will be in retirement, there is no advantage or penalty for a backdoor Roth conversion. You either pay taxes now on the conversion, or later on the withdrawal. Taking money out of a traditional/rollover IRA is best done when you are in a low tax bracke...
by PVW
Thu Mar 02, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Second home or not ready
Replies: 56
Views: 4752

Re: Second home or not ready

blessed wrote:
The back door roth is pretty straight forward, we do it every year. :beer


Why are you doing backdoor roth conversions? I'm not implying you shouldn't, but it's not obvious that you should.

https://www.bogleheads.org/wiki/Roth_IRA_conversion
by PVW
Thu Mar 02, 2017 3:02 pm
Forum: Investing - Theory, News & General
Topic: [Long-term Care Penn Treaty insurance to liquidate]
Replies: 13
Views: 1847

Re: $4.6BN Long-Term-Care Insurer To Liquidate In PA; Biggest Healthcare Failure Ever

[Thread merged into here, see below. --admin LadyGeek] Here is the original article at philly.com http://www.philly.com/philly/blogs/inq-phillydeals/Biggest-insurance-failure-ever-Pa-liquidates-.html Maybe this is the coal mine canary, but everybody already knew the coal mine was filled with methane.
by PVW
Thu Mar 02, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Selling ESPP help
Replies: 5
Views: 410

Re: Selling ESPP help

Thanks for the reply. Not exactly the answer i was looking for but i'll keep looking! Keep looking at the bottom of that link and find http://fairmark.com/execcomp/espp/qualifying.htm There are generally 2 tax considerations on ESPP shares - compensation in the form of the discount you received whe...
by PVW
Wed Mar 01, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the Market (just once)
Replies: 37
Views: 2980

Re: Timing the Market (just once)

Kaoboj wrote:I know I shouldn't try to time the market.
But I want to, just once.
Hear me out.


Do you know why you shouldn't try to time the market? Emotions can be difficult to ignore, but if you know the rationale behind your investment plan, this will help you overcome your emotions.
by PVW
Tue Feb 28, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: saving for european vacay in 2055
Replies: 31
Views: 2946

Re: saving for european vacay in 2055

Hi, I am 30 year old who can invest in a Roth this year but next due to a new job with higher salary coming up. My wife and I have a retirement account with real money in it in our respective 401ks. In addition to our joint account we each have our individual play accounts (mine goes to golf, hers ...

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