Search found 1388 matches

by airahcaz
Tue Mar 21, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

To be clear, I've not really given much of a look into the pro's and con's of in-wall heaters versus baseboards. I just know the in-wall heaters are very low cost and easy to find a location to fit them into the room because of their small size. Because they do make some fan noise, a baseboard migh...
by airahcaz
Mon Mar 20, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

That would definitely be my inclination. Multi-zone seems like overkill for what you're doing. I won't rule out that the installer might have good reasons for his suggestion, but he might also just be trying to sell you a seriously oversized system for his own profit. By in-wall, forced air heater,...
by airahcaz
Mon Mar 20, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

So how many total BTU/hour is he trying to sell you? A single unit generally heats a single floor fairly well when the doors are open - maybe a couple degrees difference if the outside walls are reasonably insulated. If that leaves a couple rooms too cool, I'd turn the basement heat up just enough ...
by airahcaz
Mon Mar 20, 2017 5:33 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

Most recent HVAC installer is suggesting a 3-4 zone unit, vs. single zone, as if we need to heat bedroom (bathroom, future office, etc.) later, we'd have to replace the outside unit? This will double initial costs, materials and labor, but worth considering? Hi, is this if you subdivide the basemen...
by airahcaz
Mon Mar 20, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

Most recent HVAC installer is suggesting a 3-4 zone unit, vs. single zone, as if we need to heat bedroom (bathroom, future office, etc.) later, we'd have to replace the outside unit? This will double initial costs, materials and labor, but worth considering?
by airahcaz
Fri Mar 10, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

The important point here is whether the basement is 1000 sq ft, where the 9kBTU is oversized, or 2400 sq ft, in which case it is probably just adequate. Perhaps the OP could provide the actual dimensions? Hi - I am deciding between the LG Art Cool Gallery 9000K BTU LA090HVP or their 12000 BTU LA120...
by airahcaz
Fri Mar 10, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

I have been considering installing mini-splits in my house in LI, and have done a lot of research. My feeling is that for a "well-insulated" 1000 sq ft basement in NJ, assuming its open floor layout with no air distribution issue, even a 9000 BTU/h mini-split may be oversized. If you have...
by airahcaz
Thu Mar 09, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

Absolutely, but where is the measurement taken that turns the unit on or off? On the remote? on the unit itself just below the ceiling? In the summer we usually set on it 72 - 74 for cooling, but it seems to run continuously (but uses hardly any electricity) and the room is certainly comfortable. O...
by airahcaz
Thu Mar 09, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

This is amazing. So many thanks. But now you've really got me, do I go with the 9K or 12K? Assume a 60x40 area with 6' below grade and 2' above grade (rim joists). That is larger than my area but should be good to get a rough idea. Big basement. OK. LEt's say the ground freezes down to 2' so thats ...
by airahcaz
Thu Mar 09, 2017 2:41 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

We had a Fujitsu AOU15RLFFH floor unit installed in our kitchen/dining room, first floor with condenser and drains through walkout basement. We installed primarily for cooling and shoulder season heating. Took a few minutes of discussion with installer once we had finished basement ceiling opened u...
by airahcaz
Thu Mar 09, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

Wellfleet wrote:We just had one put in yesterday. Don't forget about the condensate drain location. It will need to gravity flow to drain or outside or be pumped.


Which, what size, square footage, and basement or other level?
by airahcaz
Thu Mar 09, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

I'd still say its impossible to estimate over the 'net....are the walls insulated or not, to what R-value. Are the rims and sill sealed, insulated? Is the slab insulated, or not, R-value? The first two are more important than the last one. Unfinished and walls will be 2" of R5 so total R10 and...
by airahcaz
Thu Mar 09, 2017 7:21 am
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

I'd still say its impossible to estimate over the 'net....are the walls insulated or not, to what R-value. Are the rims and sill sealed, insulated? Is the slab insulated, or not, R-value? The first two are more important than the last one. Unfinished and walls will be 2" of R5 so total R10 and...
by airahcaz
Thu Mar 09, 2017 7:15 am
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

It means you will get full 12K BTU from the machine when outdoor temperatures are at around 30-40 degrees. Below that the units starts to lose BTU. With the chart I gave you, you can see at 14 degrees you only get 8.8K BTU. 9K btu at 14 degrees outside should be still good to go right?! It may just...
by airahcaz
Thu Mar 09, 2017 6:58 am
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

It means you will get full 12K BTU from the machine when outdoor temperatures are at around 30-40 degrees. Below that the units starts to lose BTU. With the chart I gave you, you can see at 14 degrees you only get 8.8K BTU. 9K btu at 14 degrees outside should be still good to go right?! It may just...
by airahcaz
Wed Mar 08, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

9K btu at 14 degrees outside should be still good to go right?! It may just run at high capacity and for an extended period of time, but that should be ok and a homeowner should expect to pay higher utilities when it is really cold outside anyway. If it went to 0 btu heat, then I suppose it'd be mo...
by airahcaz
Wed Mar 08, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

All heat pumps have reduced output at lower temperatures. There's not a certain outdoor temperature where it happens. It's a continuous curve. They are sized to a balance point - the temperature where the heat pump heat output matches the calculated heat loss. When temperatures are lower than that,...
by airahcaz
Wed Mar 08, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

pshonore wrote:Does a typical mini-split have a thermostatic control?



Absolutely
by airahcaz
Wed Mar 08, 2017 12:38 am
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

So one contractor is stating that a higher btu unit will have a heat pump that operates in lower outdoor temperatures, and below a certain outdoor temperature a smaller unit will produce less heat? "The output mostly depends on the outdoor temperature, but as you can see it does differ with ind...
by airahcaz
Tue Mar 07, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

I would keep looking until an installer can mention the Manual J and that they will be doing one to size correctly. I had 2 "recommended" installers make wild guesses about what I needed and one that ran the Manual J before making their recommendation. They were hesitant to share it with ...
by airahcaz
Mon Mar 06, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

Size is not based on square footage, except as a very rough ballpark. Size is based on net heat loss. Properly sizing a system involves determining effective U-factors for the walls, floor, ceiling (in this case, the ceiling would be irrelevant, and windows, as well as air leakage, and determining ...
by airahcaz
Mon Mar 06, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Re: Sizing a ductless min-split for basement

ralph124cf wrote:Sizing a heat pump for a basement is hard, because the floor is seldom insulated, and your major heat loss is probably thru the floor into the earth.

Ralph


Yup! But I need to start somewhere. With load being low and insulated walls and ceiling, I think I'm down to a 9K or 12K inverter
by airahcaz
Mon Mar 06, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: Sizing a ductless min-split for basement
Replies: 58
Views: 2641

Sizing a ductless min-split for basement

How may BTU ductless mini-split is needed to heat a well insulated 1000 sq. foot basement? (say temp in basement averages mid to high 50's now, and would like to get it to 70?)

Some have said 15 btu per 1000 sq ft which makes it a 15,000 btu unit, others 30?
by airahcaz
Sat Feb 18, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: 401K loan vs HELOC
Replies: 1
Views: 188

401K loan vs HELOC

Debating this with a friend who took a 401K loan.

Should he use HELOC (4.63% with max 10 year term) to pay off the 401K loan?
by airahcaz
Tue Feb 14, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: After tax contribution withdrawal
Replies: 11
Views: 486

Re: After tax contribution withdrawal

No, that quote only refers to when you get to distribute the actual Roth rollover. When doing a Roth rollover from the after tax sub account to the Roth IRA, you have mostly contributions and a small amount of earnings, if any. Those earnings are taxable when you roll them into the Roth. These earn...
by airahcaz
Tue Feb 14, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: After tax contribution withdrawal
Replies: 11
Views: 486

Re: After tax contribution withdrawal

You can withdraw 1,000, but it will not be THAT particular 1,000. If you withdraw 1,000 it will come from your balance of 10,000 in regular Roth contributions. That works fine for you because that entire 10,000 can come out tax and penalty free. After the 10,000 comes out, if you need another 1,000...
by airahcaz
Tue Feb 14, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: After tax contribution withdrawal
Replies: 11
Views: 486

Re: After tax contribution withdrawal

Hmm, this was the part that confused me: The rollover is treated as a conversion so would only come out after all regular Roth contributions and older conversions. If the particular Roth rollover is distributed from the Roth IRA before 5 years and under 59.5, the taxable portion of the rollover (the...
by airahcaz
Tue Feb 14, 2017 3:21 pm
Forum: Investing - Theory, News & General
Topic: Withdraw after-tax from 401K
Replies: 6
Views: 430

Re: Withdraw after-tax from 401K

Earl Lemongrab wrote:
airahcaz wrote:This would be immediate so no earnings.

What is the purpose? Did you make contributions and decide against it, or is the Mega Backdoor?


Both, but really the former.
by airahcaz
Tue Feb 14, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: Withdraw after-tax from 401K
Replies: 6
Views: 430

Re: Withdraw after-tax from 401K

Perhaps. If the plan uses separate accounting, then it can (but is not required to) allow withdrawing the after-tax contributions with the caveat that a proportional share of taxable earnings must be withdrawn as well. The basis can be either rolled over to a Roth IRA (see Mega Backdoor Roth) or ju...
by airahcaz
Tue Feb 14, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: After tax contribution withdrawal
Replies: 11
Views: 486

Re: After tax contribution withdrawal

Non Roth after tax contributions can usually be withdrawn while still working. Any earnings on them must also be withdrawn and the earnings are subject to tax and penalty. If a direct rollover to a Roth IRA had been done, the Roth IRA ordering rules determine how much is taxable or subject to penal...
by airahcaz
Tue Feb 14, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: After tax contribution withdrawal
Replies: 11
Views: 486

Re: After tax contribution withdrawal

Non Roth after tax contributions can usually be withdrawn while still working. Any earnings on them must also be withdrawn and the earnings are subject to tax and penalty. If a direct rollover to a Roth IRA had been done, the Roth IRA ordering rules determine how much is taxable or subject to penal...
by airahcaz
Tue Feb 14, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Withdraw after-tax from 401K
Replies: 6
Views: 430

Withdraw after-tax from 401K

After maxing out pre-tax 401K contributions, our plan allows for after-tax contributions.

Can one reverse an after-tax contribution, assumedly by taking a withdrawal, without penalty and complicating tax reporting?
by airahcaz
Tue Feb 14, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: After tax contribution withdrawal
Replies: 11
Views: 486

After tax contribution withdrawal

Can after tax contributions to traditional 401K be withdrawn without penalty if required? What if it was rolled over from 401K to a Roth IRA and one wishes to withdraw the after tax contributions?

(All presumed before retirement)
by airahcaz
Sat Jan 28, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: 529 gift limits
Replies: 5
Views: 518

Re: 529 gift limits

Why would a grandparent opening a 529 in his own name with a grandchild as beneficiary, be subject to the $14,000 annual gift tax exclusion limit? Meaning it's his own funds in just a different account type and the contributions have not and will not go to the beneficiary till the grandchild is rea...
by airahcaz
Fri Jan 27, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: 529 gift limits
Replies: 5
Views: 518

529 gift limits

Why would a grandparent opening a 529 in his own name with a grandchild as beneficiary, be subject to the $14,000 annual gift tax exclusion limit? Meaning it's his own funds in just a different account type and the contributions have not and will not go to the beneficiary till the grandchild is read...
by airahcaz
Thu Jan 12, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 126295

Re: The Mega Backdoor Roth IRA

If one is contributing pre-tax to the $18K limit, does this necessarily have to be met before the after-tax contributions can commence? No. You may contribute both types simultaneously. Thank you for both replied. Any disadvantage in doing it simultaneously other than having barely any paycheck left?
by airahcaz
Thu Jan 12, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Clarification needed on Mega backdoor Roth
Replies: 17
Views: 2498

Re: Clarification needed on Mega backdoor Roth

This thread has helped me much. I got worried with the 2014 IRS guidance as almost all 401K plans do not allow in service withdrawals of pre-tax dollars. Further, most plans definitely hold the pre-tax separate from after-tax and allow solely the in-service withdrawals of after-tax dollars to Roth. ...
by airahcaz
Thu Jan 12, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 126295

Re: The Mega Backdoor Roth IRA

Has something changed in the past couple years? Just read a post that referenced this from the IRS website: "Can I roll over just the after-tax amounts in my retirement plan to a Roth IRA and leave the remainder in the plan? No, you can’t take a distribution of only the after-tax amounts and le...
by airahcaz
Thu Jan 12, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 126295

Re: The Mega Backdoor Roth IRA

If one is contributing pre-tax to the $18K limit, does this necessarily have to be met before the after-tax contributions can commence?
by airahcaz
Thu Jan 12, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Recharacterization
Replies: 26
Views: 1122

Re: Backdoor Roth IRA Recharacterization

It is entirely possible I'm using the wrong word. Not sure why "one definitely doesn't want to do that" cause it seems to me that is exactly what you want to do - make it as if it never happened. However, if you feel the "excess contribution" approach is right, that is what you ...
by airahcaz
Thu Jan 12, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Recharacterization
Replies: 26
Views: 1122

Re: Backdoor Roth IRA Recharacterization

I know from an earlier post that that is what they told you. I'm just not sure it is correct. I did a search on "excess contribution" and all the answers had something to do with being ineligible. You were certainly eligible to make the contribution so I'm wondering if they have misunders...
by airahcaz
Thu Jan 12, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Recharacterization
Replies: 26
Views: 1122

Re: Backdoor Roth IRA Recharacterization

After rechsracterizetion, the process is an Excess Contribution which returns the original $5500 + any gains or losses, and that is what it is called at Fidelity. It is not a withdrawal.
by airahcaz
Mon Jan 09, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Recharacterization
Replies: 26
Views: 1122

Re: Backdoor Roth IRA Recharacterization

If you cannot deduct the TIRA contribution, you will have 8606 basis to track, but it's not that hard. Nonetheless, if that gets to be too much of a hassle for you as you get older you can always stop filing the 8606 and pay tax on 100% of your distributions. Another reason to retain the conversion...
by airahcaz
Sat Jan 07, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Recharacterization
Replies: 26
Views: 1122

Re: Backdoor Roth IRA Recharacterization

Yes, or around 91% if you did not include the 5500 distribution in the 55,500 value. Of course, this calculation does not produce the tax, only the taxable income on which to figure the tax. Right, so my basic comparison is $1100 vs. $4950 in taxable income, is this the right comparison? Yes, if yo...
by airahcaz
Sat Jan 07, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth through Rollover IRA
Replies: 32
Views: 1128

Re: Backdoor Roth through Rollover IRA

... cause this still won't work if I rolled it over to a tIRA, it has to be an employer plan, correct? Correct. Paraphrasing what retiredjg said, can you confirm this is what happened: In 2016, you made a non-deductible contribution to the Rollover IRA instead of your regular IRA. The Rollover IRA ...
by airahcaz
Fri Jan 06, 2017 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Recharacterization
Replies: 26
Views: 1122

Re: Backdoor Roth IRA Recharacterization

Alan S. wrote:Yes, or around 91% if you did not include the 5500 distribution in the 55,500 value. Of course, this calculation does not produce the tax, only the taxable income on which to figure the tax.



Right, so my basic comparison is $1100 vs. $4950 in taxable income, is this the right comparison?
by airahcaz
Fri Jan 06, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Recharacterization
Replies: 26
Views: 1122

Re: Backdoor Roth IRA Recharacterization

Right, if you did not convert into a new Roth account, the earnings calculation must be based on the overall gain or loss of the Roth that did receive your conversion. Therefore, you have 1100 of tax free earnings to be recharacterized and then withdrawn, still quite impressive but not as good as 1...
by airahcaz
Fri Jan 06, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Recharacterization
Replies: 26
Views: 1122

Re: Backdoor Roth IRA Recharacterization

If you converted 5500 in 2016 and you indicate that this has about doubled since then, you probably should not recharacterize. Even if the 5500 conversion ends up mostly taxable, the effective tax rate you are paying on the doubled conversion assets is HALF your marginal rate even though the actual...
by airahcaz
Fri Jan 06, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth through Rollover IRA
Replies: 32
Views: 1128

Re: Backdoor Roth through Rollover IRA

This is how it looks to me. 1) The deadline to recharacterize your 2015 Roth conversion has passed (October 2016). Since you did not pro-rate your 2015 conversion with the Rollover IRA, your 2015 taxes are incorrect and need to be amended. Depending on the relative size of your Rollover iRA compare...
by airahcaz
Fri Jan 06, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth through Rollover IRA
Replies: 32
Views: 1128

Re: Backdoor Roth through Rollover IRA

I guess I should have asked….How much is in the Rollover IRA? <$60K How much are your non-deductible contributions? Confused here, cause you mean the non deductible contributions that would have gone into the separate tIRA and then into the Roth? And your tax bracket? Need to look this up Since you...

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