Search found 1316 matches

by airahcaz
Tue Nov 29, 2016 10:30 am
Forum: Investing - Theory, News & General
Topic: Oil ETF?
Replies: 13
Views: 1666

Re: Oil ETF?

UWTI and DWTI. Triple leverage. Long and short. Go big or go home. Actually, don't invest in Oil ETFs at all. They're really a poor investment. I prefer to gamble at the casino. They serve you drinks and comp your room after you lose everything. Fun flashing lights too. That being said, losing mone...
by airahcaz
Mon Nov 28, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Bank for tenant security deposit
Replies: 12
Views: 963

Re: Bank for tenant security deposit

You guys hear of this W9 and corresponding Landlord/Tenant account? Requires tenant's SS and Addess ind copy of Driver's License
by airahcaz
Mon Nov 28, 2016 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Bank for tenant security deposit
Replies: 12
Views: 963

Re: Bank for tenant security deposit

When we had rental property it was required by law to put the security deposit in an escrow account. Check on your state. This ^ And there may or may not be a requirement to keep it in a *separate* interest-bearing account. Even if it's not required to be kept separate, IF an "interest-bearing...
by airahcaz
Sun Nov 27, 2016 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Rent paid up front
Replies: 10
Views: 1078

Re: Rent paid up front

https://www.irs.gov/taxtopics/tc414.html Rental Income Most individuals operate on a cash basis, which means they count their rental income as income when it is actually or constructively received, and deduct their expenses when they are paid. Rental income includes: Advance rent – Generally, you i...
by airahcaz
Sun Nov 27, 2016 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Rent paid up front
Replies: 10
Views: 1078

Re: Rent paid up front

I suppose even if rent is taken up front in Dec 2016, one can apply Dec rent to 2016 and the remainder for 2017 for tax return purposes, legitimately and justifiably...
by airahcaz
Sun Nov 27, 2016 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bank for tenant security deposit
Replies: 12
Views: 963

Bank for tenant security deposit

Savings account interest rates are so low, but do folks still put tenant's security deposit in a separate savings account to officially pass on the few dollars of interest, OR a checking account with the rent checks for ease on managing everything in one account related to the tenant? Secondly, any ...
by airahcaz
Sun Nov 27, 2016 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Rent paid up front
Replies: 10
Views: 1078

Re: Rent paid up front

orca91 wrote:Is the landlord taking one check for all this and depositing it Dec. 1, or taking 12 checks to be deposited on at a time on the first of each month?


One check / wire on Dec 1, although landlord can wait till Jan 1 2017 if that helps?
by airahcaz
Sun Nov 27, 2016 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Rent paid up front
Replies: 10
Views: 1078

Re: Rent paid up front

pshonore wrote:I think it would depend on whether the landlord is on a cash basis or accrual basis for paying taxes.


What does that mean?
by airahcaz
Sun Nov 27, 2016 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Rent paid up front
Replies: 10
Views: 1078

Rent paid up front

If 12 months rent is paid up front in 2016 for a Dec 2016 to 2017 term, how is that filed for tax purposes on the Landlord's return? Is all income supposed to be realized in 2016, which inflates 2016 income tremendously?

TIA
by airahcaz
Fri Nov 18, 2016 11:51 am
Forum: Forum Issues and Administration
Topic: The Forum is now "Feed friendly"
Replies: 46
Views: 4160

Re: The Forum is now "Feed friendly"

But here's what I can tell you. All along I've wanted a feed that returns the first post of each new topic - one time, and never again. Now that it's been added, it works great. I haven't counted but I would estimate it returns 60-80 results per day - which for me is enough to scan and engage with ...
by airahcaz
Tue Nov 15, 2016 10:58 am
Forum: Investing - Help with Personal Investments
Topic: $53K limit for Defined Contribution Plans
Replies: 5
Views: 639

Re: $53K limit for Defined Contribution Plans

Spirit Rider wrote:Both the employee elective deferral limit (2016/17 = $18K) and the employee + employer annual addition limit (2016 = $53K, 2017 = $54K) are contribution limits.

When and if you do rollovers is irrelevant.


Thanks so much for clarifying.
by airahcaz
Tue Nov 15, 2016 10:36 am
Forum: Investing - Help with Personal Investments
Topic: $53K limit for Defined Contribution Plans
Replies: 5
Views: 639

Re: $53K limit for Defined Contribution Plans

If the last after-tax contribution is Dec 31, 2016, do I have 60 days (in 2017) to roll it over for it to count towards the $53K limit for 2016, and not impact the 2017 limit?
by airahcaz
Mon Nov 14, 2016 7:11 pm
Forum: Forum Issues and Administration
Topic: The Forum is now "Feed friendly"
Replies: 46
Views: 4160

Re: The Forum is now "Feed friendly"

airahcaz - Do you have the Firefox browser? It supports the feeds directly as part of its "Live bookmarks" feature. If you want to get a sense of what the feed should look like, just click on the feed links and view them in Firefox. This doesn't answer your question, but I wanted to at le...
by airahcaz
Mon Nov 14, 2016 5:29 pm
Forum: Forum Issues and Administration
Topic: The Forum is now "Feed friendly"
Replies: 46
Views: 4160

Re: The Forum is now "Feed friendly"

Yup, would be great if someone can outline how to get Feedly to not show every single BH post. airachcaz, if I'm understanding this correctly, I think feed #2 (topics feed - shows the first posts of the 15 most recent topics in all forums) is probably what you're looking for. I'm guessing this will...
by airahcaz
Sun Nov 13, 2016 10:46 pm
Forum: Forum Issues and Administration
Topic: The Forum is now "Feed friendly"
Replies: 46
Views: 4160

Re: The Forum is now "Feed friendly"

I'm curious to see how useful participants find this feature. While I think feeds are a great way to follow blogs, I'm not convinced it is the best way to follow a forum. What other way is there to follow a forum, outside of visiting periodically and scouring every separate forum to see what you've...
by airahcaz
Sun Nov 13, 2016 5:12 pm
Forum: Forum Issues and Administration
Topic: The Forum is now "Feed friendly"
Replies: 46
Views: 4160

Re: The Forum is now "Feed friendly"

I'm curious to see how useful participants find this feature. While I think feeds are a great way to follow blogs, I'm not convinced it is the best way to follow a forum. What other way is there to follow a forum, outside of visiting periodically and scouring every separate forum to see what you've...
by airahcaz
Sun Nov 13, 2016 4:30 pm
Forum: Forum Issues and Administration
Topic: RSS feeds by thread
Replies: 29
Views: 7089

Re: RSS feeds by thread

First of all, let me say that I'm VERY excited for this. I can't wait to try these out. You have my deep appreciation. The built-in atom feeds are now available, see: The Forum is now "Feed friendly" Still a bit confused as to how or if this can be added to Feedly app As for this, if you ...
by airahcaz
Sun Nov 13, 2016 4:15 pm
Forum: Forum Issues and Administration
Topic: RSS feeds by thread
Replies: 29
Views: 7089

Re: RSS feeds by thread

LadyGeek wrote:Feedly is used by members of our Canadian sister site: New feature - Feeds - Financial Wisdom Forum, so I know it will work here. I just can't help you myself, as I don't have feedly.


Have tried with Feedly and it merely brings in every post, as it had in the past - which is why I asked.
by airahcaz
Sun Nov 13, 2016 4:06 pm
Forum: Forum Issues and Administration
Topic: The Forum is now "Feed friendly"
Replies: 46
Views: 4160

Re: The Forum is now "Feed friendly"

As discussed in RSS feeds by thread , we have enabled the forum's built-in Atom feeds. This forum can now be read with your favorite RSS reader or browser add-on. There are three feeds available: 1. https://www.bogleheads.org/forum/styles/prosilver/theme/images/feed.gif Post feed - Shows the 10 mos...
by airahcaz
Sun Nov 13, 2016 4:04 pm
Forum: Forum Issues and Administration
Topic: RSS feeds by thread
Replies: 29
Views: 7089

Re: RSS feeds by thread

LadyGeek wrote:The built-in atom feeds are now available, see: The Forum is now "Feed friendly"



Still a bit confused as to how or if this can be added to Feedly app
by airahcaz
Sat Oct 29, 2016 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: NY State 529 deductability for non-resident taxpayer
Replies: 17
Views: 6857

Re: NY State 529 deductability for non-resident taxpayer

"Basically all your income is taxed by either NY or NJ if you take a deduction on your income in NY then it is just taxed at the NJ rate." If this is true, then the benefit is negligible, if there is any benefit at all to a NJ resident? There is a benefit to a NJ resident if your NY tax r...
by airahcaz
Sat Oct 29, 2016 8:34 am
Forum: Investing - Help with Personal Investments
Topic: NY State 529 deductability for non-resident taxpayer
Replies: 17
Views: 6857

Re: NY State 529 deductability for non-resident taxpayer

"Basically all your income is taxed by either NY or NJ if you take a deduction on your income in NY then it is just taxed at the NJ rate."

If this is true, then the benefit is negligible, if there is any benefit at all to a NJ resident?
by airahcaz
Thu Oct 27, 2016 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: $53K limit for Defined Contribution Plans
Replies: 5
Views: 639

Re: $53K limit for Defined Contribution Plans

No. The Defined Contribution cap you mention applies just to employer sponsored plans (e.g., 401k, 403b). The IRA cap is entirely separate. An employee with both a DC plan set up by his/her employer at work and an IRA ("Individual Retirement Arrangement") that s/he set up at a financial i...
by airahcaz
Thu Oct 27, 2016 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: $53K limit for Defined Contribution Plans
Replies: 5
Views: 639

$53K limit for Defined Contribution Plans

Hi – does a $5,500 annual IRA contribution count towards the $53K max? Here’s an example - is it: $53,000 - $18,000 (401K) – $8,000 (example 401K match) - $5,500 Roth = $21,500 allowable after tax contributions OR $53,000 - $18,000 (401K) – $8,000 (example 401K match) = $27,000 allowable after tax c...
by airahcaz
Thu Oct 27, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 378
Views: 115249

Re: The Mega Backdoor Roth IRA

Hi – does a $5,500 annual IRA contribution count towards the $53K max? Here’s an example - is it: $53,000 - $18,000 (401K) – $8,000 (example 401K match) - $5,500 Roth = $21,500 allowable after tax contributions OR $53,000 - $18,000 (401K) – $8,000 (example 401K match) = $27,000 allowable after tax c...
by airahcaz
Thu Sep 08, 2016 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Tax Lien
Replies: 13
Views: 1121

Re: Tax Lien

Sounds like the answer is pretty much no?
by airahcaz
Wed Sep 07, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Lien
Replies: 13
Views: 1121

Re: Tax Lien

Years later, an IRS tax audit finds both of them owe additional income tax. He satisfied his part that is owed. She has not and cannot (unemployed currently). There is a lien placed on the former marital home even though a the aforementioned Quitclaim deed was in place. Was this tax liability incur...
by airahcaz
Wed Sep 07, 2016 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Lien
Replies: 13
Views: 1121

Re: Tax Lien

clydewolf wrote:Do they live in a community property state?


NY
by airahcaz
Wed Sep 07, 2016 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Lien
Replies: 13
Views: 1121

Tax Lien

Ok fellow and all knowing BH's, Here's an interesting one to ponder: A friend got divorced. Ok not interesting. Here's the interesting part. His ex-wife provided this so called Quitclaim deed removing her name from their marital home. Nothing happened after that, meaning the deed was not rewritten w...
by airahcaz
Tue Jul 26, 2016 11:55 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Re: Passport Nightmare

he can be prevented from re-entering the U.S. and be detained for months. We don't even detain illegals caught entering the country for months! I would not worry about that. I highly doubt they are going to turn away a citizen over this. People lose their passports or have them stolen and they get ...
by airahcaz
Tue Jul 26, 2016 11:36 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Re: Passport Nightmare

I don't understand what you mean by name change. They want him to change his legal name to match a typo? I doubt that's what they are asking. Probably they want him to go to the state birth certificate authority and have it corrected there. Whomever he was dealing with at the Passport Agency probab...
by airahcaz
Tue Jul 26, 2016 10:55 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Re: Passport Nightmare

Hospitals do not issue official birth certificates. The pieces of paper issued by the hospital are not worth the paper they are printed on in terms of proof of citizenship. Your friend needs to get the official birth certificate record changed in order to be issued a passport. That is really the on...
by airahcaz
Tue Jul 26, 2016 10:12 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Re: Passport Nightmare

The latest: "Had to show proof with school records that he used name prior to 7 years old, along with prior passports and license and social, which all had John Doe Smith, so they can put passport in same name as approved by supervisor, BUT is giving him a year upon return to correct digital bi...
by airahcaz
Tue Jul 26, 2016 8:03 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Re: Passport Nightmare

I don't understand what you mean by name change. They want him to change his legal name to match a typo? I doubt that's what they are asking. Probably they want him to go to the state birth certificate authority and have it corrected there. Whomever he was dealing with at the Passport Agency probab...
by airahcaz
Tue Jul 26, 2016 7:22 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Re: Passport Nightmare

I'm sure your friend is frustrated, but this doesn't sound like a passport office snafu. It sounds like your friend has two birth certificates with two different names. That's a potential security issue, no? Think about it from the passport agency's perspective. Two passports under two different na...
by airahcaz
Mon Jul 25, 2016 3:36 pm
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Re: Passport Nightmare

Has your cousin tried to get the electronic record corrected at the NJ office of Vital Statistics? If that could be done it seems that the problems with the Passport Agency would be over. Yes, but the only vital docs are his birth certificates, passport, and SS, and a name change can take up to 2 m...
by airahcaz
Mon Jul 25, 2016 10:30 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Re: Passport Nightmare

There are immigration lawyers who specialize in this. I wouldn't worry about being detained for months. I suspect they'd issue a court date and compel appearance. It's a risk though so consult a lawyer if he really needs to take a trip. The evidence is overwhelming. Does the person have a social se...
by airahcaz
Mon Jul 25, 2016 10:14 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Re: Passport Nightmare

Back in the late 1990s when I still worked we would send people who needed passports quickly to the Los Angeles Passport Office in person. They took there birth certificate and drivers license and other Id. The office would issue a passport in 2-3 days, They would address any issues. It worked grea...
by airahcaz
Mon Jul 25, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 4276

Passport Nightmare

Any guidance appreciated please; here's the story: My cousin's original birth certificate from the 70's is one from the NJ hospital where he was born, which is signed and has a raised seal. Let's call him John Doe Smith. However, the office of Vital Statistics in Trenton, NJ had entered it as a typo...
by airahcaz
Wed Jun 29, 2016 12:55 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 976
Views: 223210

Re: Best watch for around $5,000?

Probably wouldn't matter, unless subconsciously. If he was wearing a Rolex, it might actually disturb me a little, figure he was going to get it back in fees. But that's just cheapskate me, so you might not want me as a client.. Actually, our firm focuses on upper middle to upper class individuals ...
by airahcaz
Tue Feb 09, 2016 11:08 am
Forum: Investing - Theory, News & General
Topic: $2 Trillion Valuation
Replies: 12
Views: 1307

Re: $2 Trillion Valuation

So a massive value company, slowing growth cause they've cornered their market, but they sell, let's say, air to breathe to every human on earth, and safe to say every human will continue to need air, they reap in tons of cash, minimal growth, but can command a huge valuation and pay out huge divide...
by airahcaz
Tue Feb 09, 2016 7:56 am
Forum: Investing - Theory, News & General
Topic: $2 Trillion Valuation
Replies: 12
Views: 1307

$2 Trillion Valuation

Seriously curious, is there anything stopping a company growing to $2 Trillion valuation, or $3T for that matter, if their earnings become so large to justify it?
by airahcaz
Wed Jan 13, 2016 1:56 pm
Forum: Investing - Theory, News & General
Topic: Lottery into SPY
Replies: 17
Views: 1889

Re: Lottery into SPY

SPY er=0.0945%. Institutional Plus shares of Vanguard 500 index and Total Stock Market er=0.02% with $200MM minimum initial investment. May be easier to use the mutual fund instead. Lower expenses. IMO, Mutual fund TLH is easier than with ETF. However, I wonder how Vanguard would handle exchange al...
by airahcaz
Wed Jan 13, 2016 1:54 pm
Forum: Investing - Theory, News & General
Topic: Could ETF's really "blow up"?
Replies: 8
Views: 1958

Re: Could ETF's really "blow up"?

well if the ETF and the underlying index were drastically out of line, I am sure there will be arbitrage folks out there taking advantage, so hopefully temporary, but the question is whether it could be out of line for some significant time, say a whole day, or massive redemptions which cannot be ha...
by airahcaz
Tue Jan 12, 2016 11:40 pm
Forum: Investing - Theory, News & General
Topic: Lottery into SPY
Replies: 17
Views: 1889

Re: Lottery into SPY

SPY holds 163.09 billion. You would be buying about 0.2%. I suppose that would move it though, you wouldn't be able to see your 'bump' in daily price movements. As a practical matter, you would be able to handle payments on dividends without selling shares? SIPC only covers 500,000. You'd have to s...
by airahcaz
Tue Jan 12, 2016 8:11 pm
Forum: Investing - Theory, News & General
Topic: Lottery into SPY
Replies: 17
Views: 1889

Re: Lottery into SPY

SPY holds 163.09 billion. You would be buying about 0.2%. I suppose that would move it though, you wouldn't be able to see your 'bump' in daily price movements. As a practical matter, you would be able to handle payments on dividends without selling shares? SIPC only covers 500,000. You'd have to s...
by airahcaz
Tue Jan 12, 2016 7:13 pm
Forum: Investing - Theory, News & General
Topic: Lottery into SPY
Replies: 17
Views: 1889

Lottery into SPY

Win $1B in lottery. Net $400M. Can a market order to purchase $500M of SPY be realistically filled at a price close to market, or would that 'move the markets? How would one best get the full $400M invested in SPY? Secondly, would the portfolio need to be spread across several brokerage houses to re...
by airahcaz
Tue Jan 12, 2016 7:05 pm
Forum: Investing - Theory, News & General
Topic: Could ETF's really "blow up"?
Replies: 8
Views: 1958

Could ETF's really "blow up"?

Could this happen? Especially where the market gaps down, and ETF's are unable to keep up, or vice versa, creating some risk of a domino effect and collapse?

https://www.fidelity.com/insights/markets-economy/etfs-may-play-a-main-role-in-the-next-crisis
by airahcaz
Mon Jan 04, 2016 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Recharacterize backdoor Roth conversion
Replies: 2
Views: 354

Re: Recharacterize backdoor Roth conversion

It would not make sense if the loss were small. But say you had a large loss in the Roth of around 35% or so, and if you recharacterized the conversion, only 3500 of your 5500 conversion remained, but your TIRA would have the full 5500 of basis restored. Then also assume your 401k account allows pa...
by airahcaz
Sun Jan 03, 2016 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Recharacterize backdoor Roth conversion
Replies: 2
Views: 354

Recharacterize backdoor Roth conversion

If one contributed to a Traditional IRA and converted to Roth IRA, thus utilizing the backdoor Roth, and has a loss for that year in the Roth IRA, is it worth considering a recharacterization back to the tIRA, even though one wasn't eligible for the tIRA tax dedecution in the first place?

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