Search found 118 matches

by aqan
Sun Mar 26, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K: 1099 income reported as 'Other Income'
Replies: 5
Views: 310

Re: Solo 401K: 1099 income reported as 'Other Income'

The CPA is correct that the client should have reported the Independent Contractor payments in Box 7 instead of Box 3. The client should file a corrected 1099-MISC. However, at this late date there is no problem for the taxpayer to report this on Schedule C, flowing through to Schedule SE, make Sol...
by aqan
Sun Mar 26, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K: 1099 income reported as 'Other Income'
Replies: 5
Views: 310

Re: Solo 401K: 1099 income reported as 'Other Income'

Hi Bogleheads, Today I went to do our taxes with my CPA and he raised an issue with the way my wife's income is reported on her 1099. She started working as a consultant in 2016 and this is her first year filing taxes and doing Solo 401K. Her income is reported in Box 3 'Other Income ' and my CPA b...
by aqan
Sat Mar 25, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K: 1099 income reported as 'Other Income'
Replies: 5
Views: 310

Solo 401K: 1099 income reported as 'Other Income'

Hi Bogleheads, Today I went to do our taxes with my CPA and he raised an issue with the way my wife's income is reported on her 1099. She started working as a consultant in 2016 and this is her first year filing taxes and doing Solo 401K. Her income is reported in Box 3 'Other Income ' and my CPA be...
by aqan
Thu Mar 23, 2017 5:30 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 7090

Re: The $1,124,176 Car.

Silence Dogood wrote:
aqan wrote:OP your numbers are completely messed up. I see your point but the math is not right.

If you invest 35K for 40 years at 7% you'll get $524,106.02.


Where is your "35K" figure coming from?

thats the savings of buying toyota over BMW per OP
by aqan
Wed Mar 22, 2017 10:23 pm
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 7090

Re: The $1,124,176 Car.

OP your numbers are completely messed up. I see your point but the math is not right.

If you invest 35K for 40 years at 7% you'll get $524,106.02.
by aqan
Mon Mar 20, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: When does a new computer make sense...
Replies: 27
Views: 1679

Re: When does a new computer make sense...

WolfgangPauli wrote:Any experience with chrome books?

My middle schooler got one from school.. seems okay if you do most of your stuff on the browser. You don't really have an option of installing apps locally. So no excel, word etc on your computer.
by aqan
Sun Mar 19, 2017 6:07 pm
Forum: Personal Consumer Issues
Topic: Cheapest dress shirt to wear under a sweater
Replies: 34
Views: 1996

Re: Cheapest dress shirt to wear under a sweater

cheapest under the sweater?? here you go :D :D


Image
by aqan
Sun Mar 19, 2017 6:04 pm
Forum: Investing - Theory, News & General
Topic: It's worth remembering that bull markets don't last forever
Replies: 95
Views: 6527

Re: It's worth remembering that bull markets don't last forever

Aftermath United States didn't see the same level in real terms until August 1993— over twenty years after the 1973–74 crash began.[1] https://en.wikipedia.org/wiki/1973%E2%80%9374_stock_market_crash O'Boy... I don't even want to imagine what it would be like for someone retiring in 1974. How long ...
by aqan
Sat Mar 18, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13693

Re: "Millionaire Next Door" Net Worth Formula

randomizer wrote:I fail at this by a long way.

you're not alone:)
by aqan
Sat Mar 18, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2221
Views: 612148

Re: What Book Are You Currently Reading? Part VI

Just finished Susan Cains "Quiet: The Power of Introverts in a World that can't stop talking" Excellent examples and analyses. Introverts are wired to be Bogleheads with a "stay the course" brain. Thanks just started reading (actually listening) it. So far i like it (think I'm o...
by aqan
Fri Mar 17, 2017 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan: Do it myself or use Advisor?
Replies: 41
Views: 2979

Re: Retirement Plan: Do it myself or use Advisor?

I thought long and hard about how much I would need to live on. You can't have a retirement plan until you have an understanding of what you need. could you please elaborate on that? I'd like to understand what kind of expenses to expect in retirement. I didn't grow up in US and have limited knowle...
by aqan
Thu Mar 16, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9277

Re: Anyone else taking less risk

I went from 85/15 to 50/50.
I agree with pennstater2005 tho. There's something some time before the bubble bursts. [OT comment removed by moderator prudent]
by aqan
Sun Mar 12, 2017 12:08 am
Forum: Personal Consumer Issues
Topic: High Cost Prescriptions For Free
Replies: 23
Views: 2094

Re: High Cost Prescriptions For Free

I am a pharmacist and most drug companies have programs that provide medications for free or discounted prices to people without insurance who can't afford them. This is especially true with more costly and less common medications. Most drug companies are supplying the medication then they take the...
by aqan
Sat Mar 11, 2017 11:59 pm
Forum: Personal Consumer Issues
Topic: High Cost Prescriptions For Free
Replies: 23
Views: 2094

Re: High Cost Prescriptions For Free

I am a pharmacist and most drug companies have programs that provide medications for free or discounted prices to people without insurance who can't afford them. This is especially true with more costly and less common medications. Most drug companies are supplying the medication then they take the...
by aqan
Fri Mar 10, 2017 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: 28yo, New Millionaire, Advice on Wealth Management
Replies: 64
Views: 6513

Re: 28yo, New Millionaire, Advice on Wealth Management

congratulations on your success at this young age.
Wouldn't you want to keep some money aside for your next venture?
by aqan
Fri Mar 10, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Step By Step
Replies: 33
Views: 9522

Re: Backdoor Roth Step By Step

This is probably a stupid question, but... How do I "convert" the traditional IRA to a Roth IRA on the Vanguard website? I have already opened and funded the TIRA account; do I have to open a new Roth IRA and then "Exchange (sell to buy) Vanguard Funds" (one of the options I see...
by aqan
Fri Mar 10, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Step By Step
Replies: 33
Views: 9522

Re: Backdoor Roth Step By Step

co_investor wrote:
Am I missing something?

Thanks in advance.


yes... very important step :D :D .. file form 8606 with your return.
by aqan
Thu Mar 09, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% from $657K annually. What AA is best?
Replies: 21
Views: 3345

Re: Need 3% from $657K annually. What AA is best?

If you are going to be content with 3%, I'd go with Andrews FCU 84 month CD. The APY is exactly 3% and there's no market risk to your capital with 250K insurance per individual.
by aqan
Wed Mar 08, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 14705

Re: How Much in Your Emergency Fund And Is It Used?

We have $120 grand in cash in boring old savings account earning around 1 percent. We are loosing to inflation but we view it as an insurance policy for life's happenings. Last year, we did not have any emergency needs that we needed to tap into it. However, we have had to use it in the past, plumb...
by aqan
Wed Mar 08, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Changing allocation to 60/40 - Help with Selection
Replies: 4
Views: 793

Re: Changing allocation to 60/40 - Help with Selection

retiredjg wrote:
aqan wrote:VANG TOT BD MKT ADM (VBTLX) 0.06% No additional fees apply.

I'd use this one.

Done!
Appreciate your input.
by aqan
Tue Mar 07, 2017 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Andrews 3% CD or Total Bond Market?
Replies: 44
Views: 7741

Re: Andrews 3% CD or Total Bond Market?

Maybe I shouldn't try to peak behind the curtain, but do we have any idea how Andrews can afford to have this offer out there for an extended period of time when the next best CDs are at a meaningfully lower rate? I was wondering that too.. My only explanation was that they want capitalize the CU t...
by aqan
Tue Mar 07, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Changing allocation to 60/40 - Help with Selection
Replies: 4
Views: 793

Re: Changing allocation to 60/40 - Help with Selection

Why do you want to change you aa? Your age and other details would give for more members to chime in. When do you think you will reach 60/40 with your approach? It is a slam dunk , here you will be advised to go to vanguard total b9nd index admiral. I'm 44 with about 375K in 401K. Just feel that my...
by aqan
Tue Mar 07, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3349
Views: 854370

Re: U.S. stocks in freefall

It appears we are in a reverse free fall. Where are the all cash people? :confused It's just the opposite... the top is near. I have a friend who is all cash and has been for years. He is now putting money in the market for the first time. True story. :oops: Lol. There are some people who have a kn...
by aqan
Mon Mar 06, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Changing allocation to 60/40 - Help with Selection
Replies: 4
Views: 793

Changing allocation to 60/40 - Help with Selection

Hi my current allocation is 88/12% but I want to increase the Bond portion of my 401K portfolio. I was hoping to get some help in choosing the bond funds from below. I'm not planning to rebalance but just going to change my future contributions to go to Bonds until I get a 60/40 mix. TIA Fund Name,E...
by aqan
Sun Mar 05, 2017 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell bond fund because FED's heads-up on rate increase?
Replies: 13
Views: 1609

Re: Should I sell bond fund because FED's heads-up on rate increase?

have you looked at the duration of your bond funds? thats the number you need to be aware of. If the duration is lets say 10, then the fund will fall by approximately 10% if the risk free rate were to go up by 1% overnight. Now that said, all the rate information is public and the market has alread...
by aqan
Sun Mar 05, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: YieldStreet: good for diversification?
Replies: 4
Views: 353

Re: YieldStreet: good for diversification?

It's probably overstated. I got back about 9.5% of principal from private real estate investment that went through the bubble crash. Can't imagine it being much worse than that. Anyway, the point is YOU would need to evaluate each project on your own. Relying on someone else who is getting a cut fo...
by aqan
Sun Mar 05, 2017 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell bond fund because FED's heads-up on rate increase?
Replies: 13
Views: 1609

Re: Should I sell bond fund because FED's heads-up on rate increase?

If I understand it correctly, a rise in interest rates will devalue existing bonds funds. So, based on the FED's heads-up that it will increase rates, should I sell my medium term bond funds and go short-term (or even to cash), and then re-buy them after the rates go up? Really: I'm not a market ti...
by aqan
Sun Mar 05, 2017 12:17 am
Forum: Investing - Theory, News & General
Topic: YieldStreet: good for diversification?
Replies: 4
Views: 353

Re: YieldStreet: good for diversification?

in_reality wrote:investors who cannot afford to lose their entire investment should not invest.


thanks.. this line alone made up my mind.
by aqan
Sun Mar 05, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5093

Re: Windfall: should we pay cash for ~$1.3M home?

If buying house makes you happy and you certainly have means for it, I'd go for it. I would also take out some mortgage and invest rest of the money for future. Buying house is certainly a safer bet than putting all of your money in stock market. If you delay it for a few years and stock market tank...
by aqan
Sat Mar 04, 2017 11:53 pm
Forum: Investing - Theory, News & General
Topic: YieldStreet: good for diversification?
Replies: 4
Views: 353

YieldStreet: good for diversification?

Just found out about YieldStreet. I was thinking to use it as a diversification tool to invest outside of capital markets. I wouldn't invest in the litigation offerings due to uncertainty and ethical reasons but the real estate deals seem somewhat safer. I was wondering if its considered trustworthy...
by aqan
Fri Mar 03, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Million Dollar House with Uncertain Future Income??
Replies: 23
Views: 1867

Re: Million Dollar House with Uncertain Future Income??

If you really want to live in that town and would like to buy the house in a million dollar range. I'd go in with a very large down payment in your situation. Especially if you can get your $500k real estate investment out. You would have reduced your default risk to almost 0 and your money is still...
by aqan
Wed Mar 01, 2017 11:25 pm
Forum: Personal Consumer Issues
Topic: Tell me about Smart TVs and cutting cable
Replies: 101
Views: 7219

Re: Tell me about Smart TVs and cutting cable

I'd recommend you to buy a regular tv (don't pay extra for smartness) and buy a device like Apple TV, Fire TV, Roku etc to add smartness to your TV. most smart tv's have really crappy smart features and they are very restrictive e.g. you won't find apps for your internet TV provider. My super smart ...
by aqan
Tue Feb 28, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: Fidelity drops equity trade fee to $4.95
Replies: 63
Views: 4852

Re: Fidelity drops equity trade fee to $4.95

PFInterest wrote:4.95 is still not zero.

if the cost is zero you'll have no idea how much you're paying via the hidden costs.
by aqan
Sat Feb 25, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 7138

Re: What Do You Keep In Your Bank Safe Deposit Box?

"What DW is to do if I'm hit by a bus or burn down in the house" documentation Great idea. I've been thinking about creating something like this for a long time. Do you mind sharing some of the things you have in there. i only have bank details & insurance policies etc so far. Sure. I...
by aqan
Sat Feb 25, 2017 7:28 pm
Forum: Personal Consumer Issues
Topic: Caribbean vacation with 3 kids
Replies: 27
Views: 1992

Re: Caribbean vacation with 3 kids

Thesues wrote:Try Atlantis in Bahamas. Lots to do especially for the older kids.

Isn't Atlantis very expensive?
by aqan
Fri Feb 24, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Just opened my Vanguard account
Replies: 7
Views: 804

Re: Just opened my Vanguard account

OOlaf wrote:Thank you for the quick replies.

Currently my money is sitting in a savings account earning 0.01%.

Have you looked at andrews fcu CD options? They have an 84 month CD that yields 3%. It lets you break the CD by forgiving a few months of interest. Please check the website for exact details.
by aqan
Fri Feb 24, 2017 3:00 pm
Forum: Investing - Theory, News & General
Topic: Why not hedge using futures?
Replies: 54
Views: 3558

Re: Why not hedge using futures?

IMO Futures are a lot riskier than any other asset. You need to be on top of it and babysit your account every day. In other words you have no clue how much money you can lose/make in futures in the long term. I've used the tripple leverage funds in the past to hedge the risk temporarily but even th...
by aqan
Thu Feb 23, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Extra Principal on Mortgage - How is this reflected?
Replies: 8
Views: 774

Re: Paying Extra Principal on Mortgage - How is this reflected?

it depends upon your mortgage terms. My mortgage with penfed adjusts on the anniversary to reflect the extra principal paid down and the monthly payment goes down but I've heard of other mortgages that keep the monthly payment the same. My guess is that if your monthly payment remains the same you'l...
by aqan
Wed Feb 22, 2017 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 7745

Re: New Boglehead Millionaire

Hello, I have nobody else to share this with so I wanted to post my new financial milestone here. I officially became a self-made millionaire today at the age of 34. That amount represents what I have invested in stocks. I am single and own no real estate. It feels surreal writing that and I feel n...
by aqan
Wed Feb 22, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tell me about Raymond James?
Replies: 28
Views: 3974

Re: Tell me about Raymond James?

Its a pretty stable company with a good name in the industry. Expect a big chunk of total comp in the form of annual bonus. She can get good opportunities move to ibanks or hedge funds in a few years.
by aqan
Mon Feb 20, 2017 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 40
Views: 7218

Re: Tracking progress to $1M portfolio and no mortgage by 40

hoops777 wrote:Congratulations we all hope it works out for you.When I was 40 I had a net worth of about $1500 :D

lol.. way more than me.. I'm probably 1M in debt (2 mortgages).
by aqan
Mon Feb 20, 2017 5:45 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipment down to $35
Replies: 14
Views: 2122

Re: Amazon free shipment down to $35

Amazon has reduced the minimum purchase qualifying for a free shipment from $49 to $35. According to https://www.amazon.com/gp/help/customer/display.html/ref=mk_sss_hucart/ref=ord_cart_shr?nodeId=527692 : Order with Free Shipping by Amazon All orders of $35 or more of eligible items across any prod...
by aqan
Sun Feb 19, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Liquidating 401K to consolidate - should I stay in CASH
Replies: 7
Views: 474

Re: Liquidating 401K to consolidate - should I stay in CASH

OK how about if I go with a target allocation of 50/50 and gradually rebalance as the market moves?? Sorry.... joined the forum some time ago and starting to learn.... and don't want to end up making a noob mistake. You could do this if you want. My own AA is 50/50. I don't rebalance every day but ...
by aqan
Sun Feb 19, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: 2 year investment
Replies: 7
Views: 533

Re: 2 year investment

(fixed income assets with 2.25% return and 0.25% ER). I also have access to their blended investments but they come with a >1% ER. I assume I should stay away from stocks. Should I stay with the fixed income only or go with bonds? Or a combination of the two? Thanks in advance. Andrews federal cred...
by aqan
Sun Feb 19, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Stock Market Fears
Replies: 55
Views: 5892

Re: Stock Market Fears

You can take their word it's coming but no one knows when. If it begins to keep you up at night you can do whatever to calm your nerves but you'll still be not happy if the market keeps going up. I'd adjust my target allocation to move some money to bonds/stable value so I have money to pickup equit...
by aqan
Sun Feb 19, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 7138

Re: What Do You Keep In Your Bank Safe Deposit Box?

Why do you need a safe deposit box at a band? Is it free? I have one safe in my home, with all important documents. I do both. We keep most of the valuable stuff and not so frequently needed docs at the bank. Keeping everything at home woild be like keeping all your eggs in one basket. Moreover the...
by aqan
Sun Feb 19, 2017 8:25 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 7138

Re: What Do You Keep In Your Bank Safe Deposit Box?

skepticalobserver wrote:.....
How can you withdraw large amounts of cash when the teller is giving you the fish eye?

I always wonder why you'd need large amounts of cash??? Unless you're doing something fishy;)
by aqan
Sun Feb 19, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 7138

Re: What Do You Keep In Your Bank Safe Deposit Box?

pyld76 wrote:"What DW is to do if I'm hit by a bus or burn down in the house" documentation

Great idea. I've been thinking about creating something like this for a long time. Do you mind sharing some of the things you have in there.
i only have bank details & insurance policies etc so far.
by aqan
Fri Feb 17, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating 401K to consolidate - should I stay in CASH
Replies: 7
Views: 474

Re: Liquidating 401K to consolidate - should I stay in CASH

Here's what I would do with 401k rollover money, inheritance or if DB Cooper accidentally dropped a bundle containing 20 billion dollars on my driveway: 1) Look at my target asset allocation. 2) Buy the appropriate funds immediately to fulfill that target asset allocation. 3) Go make myself an ice ...
by aqan
Fri Feb 17, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating 401K to consolidate - should I stay in CASH
Replies: 7
Views: 474

Re: Liquidating 401K to consolidate - should I stay in CASH

Here's what I would do with 401k rollover money, inheritance or if DB Cooper accidentally dropped a bundle containing 20 billion dollars on my driveway: 1) Look at my target asset allocation. 2) Buy the appropriate funds immediately to fulfill that target asset allocation. 3) Go make myself an ice ...

Go to advanced search