Search found 89 matches

by fabdog
Mon Nov 28, 2016 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Exchanging out of last two active VG funds...
Replies: 3
Views: 429

Re: Exchanging out of last two active VG funds...

if you have more than $3K in losses you can carry the remainder forward until you use them up

What's driving you to sell? Just the distributions? or a change as they no longer fit your IPS?

Mike
by fabdog
Sun Nov 20, 2016 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Severance Package Taxes
Replies: 10
Views: 1236

Re: Severance Package Taxes

There is how they'll be taxed when you file your taxes in April 2017, and April 2018, which is as regular income But I think what you want is how your employer will with hold taxes, so you can work up cash estimates. You regular paycheck and your bonus check will likely be taxed as they have always ...
by fabdog
Sat Nov 19, 2016 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: State Tax Return
Replies: 6
Views: 601

Re: State Tax Return

Agree that you should send them a letter stating resident of State B. That way it gets resolved, don't ignore. While on an overseas assignment, my company did my taxes. They were located in CA, we were NM residents. They filed the returns with a CA address so all correspondence came to them. Sure en...
by fabdog
Fri Nov 18, 2016 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anthem HDHP vs PPO pros and cons
Replies: 15
Views: 1022

Re: Anthem HDHP vs PPO pros and cons

I use HSA bank. You need $5K in your cash account to avoid fees.. anything over that you can use an account at TD Ameritrade, NTF Vanguard ETF's available there. If you keep less than $5K in the cash side, it's $3/month... so not totally outrageous if you want to invest most or all of your contribut...
by fabdog
Fri Nov 18, 2016 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Roth Minimum $ Question
Replies: 7
Views: 534

Re: Vanguard Roth Minimum $ Question

I'd call them to verify.. but to your original question... minimum on ETF's is the share price of 1 share. Mike (from VG website) Things you should know before you get started Minimum investment amounts You'll need $3,000 to buy most Vanguard mutual funds, though there are some with lower or higher ...
by fabdog
Thu Nov 17, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: franchise [Investing in a franchise]
Replies: 7
Views: 957

Re: franchise

Good advice I got a long time ago... if you are considering a franchise, find a way to work at a branch for 2 weeks. Then decide if that's something you want to do. One you put down the money, too late if you find out it isn't what you thought

Mike
by fabdog
Tue Nov 15, 2016 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Should I consolidate Vanguard to Merrill Edge?
Replies: 25
Views: 2099

Re: Should I consolidate Vanguard to Merrill Edge?

During the transition, I was contacted by Merrill Edge, with them saying part of my benefits with my previous employer was a buy-in into an Individual Retirement Rollover Account with ME. My understanding was there was a one time buy-in fee. that's a great one... the salesman (er, Merrill Edge rep) ...
by fabdog
Tue Nov 15, 2016 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 5883

Re: Early retire considering Self-Insurance for healthcare

and leaving aside any changes that may or may not come... as noted above, the $30K is a small portion of your overall assets. And you get a break on prices for meds and doctors visits. Imagine both you and your wife are in a major accident, and both spend weeks in intensive care. Not likely, I agree...
by fabdog
Tue Nov 15, 2016 10:22 am
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 75
Views: 9773

Re: Muni bonds are getting killed. Are you bailing out?

Yes, you can sell and tax loss harvest, and deduct up to a net $3000 against your income (after offsetting any capital gains you may have) You'd need to wait 30 days to go back into that fund, or you could go into another tax free fund immediately (probably not MA specific, but you could look at Van...
by fabdog
Mon Nov 14, 2016 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Short term MF investment - Tax implication$
Replies: 4
Views: 258

Re: Short term MF investment - Tax implication$

you'll have a short term capital gain on your sale, no matter where you put the proceeds. When you buy again, you'll establish a new basis
by fabdog
Mon Nov 14, 2016 6:52 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 75
Views: 9773

Re: Muni bonds are getting killed. Are you bailing out?

Lots of anticipations there... some or all of it may occur, but I'm not smart enough to figure out which ones, or when. So sticking with what I have until the facts change

Mike
by fabdog
Sat Nov 12, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Valuation of Donated Items
Replies: 9
Views: 616

Re: Valuation of Donated Items

here's a link to one of Goodwill's list. Items in good or better condition

https://goodwillnne.org/donate/donation-value-guide/

Mike
by fabdog
Thu Nov 10, 2016 1:12 pm
Forum: Personal Consumer Issues
Topic: Mattress Shopping Advice
Replies: 11
Views: 967

Re: Mattress Shopping Advice

We found the mattress underground to be a great source of info. http://www.themattressunderground.com/ There are lots of opinions and reviews. At the end of the day everyone has slightly different preferences/needs, so what's great for one person may not be the best for another. That said, we went w...
by fabdog
Mon Nov 07, 2016 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Individual 401K- options and advise
Replies: 12
Views: 574

Re: Individual 401K- options and advise

Vanguard and Schwab have no fees for Solo 401K setup/ongoing

Both have very low cost funds you can leverage. You don't need an advisor

Mike
by fabdog
Tue Nov 01, 2016 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Moved in with in-laws - Implications?
Replies: 11
Views: 1849

Re: Moved in with in-laws - Implications?

this sounds complicated enough that you should consult with an attorney who deals with these issues. Before the purchase would have been ideal, but now is better than after she passes and you find out there's a flaw in the plan.

Mike
by fabdog
Tue Nov 01, 2016 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Buying I-bonds in two accounts at once
Replies: 6
Views: 369

Re: Buying I-bonds in two accounts at once

Thanks. Probably easier just to maintain two separate accounts as long as I continue accumulating, right? It would depend on why you have the trust and what the impact is of amounts outside the trust. In a state I used to live in, only $50K could pass outside the trust without hitting probate. So s...
by fabdog
Wed Oct 26, 2016 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Significant Delay in Opening a SEP with Vanguard
Replies: 8
Views: 726

Re: Significant Delay in Opening a SEP with Vanguard

I've had good luck with Schwab on transfers and new accounts. They also now have a good range of low cost funds at your disposal

Mike
by fabdog
Tue Oct 25, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Non-qualified deferred compensation - tax implications
Replies: 7
Views: 543

Re: Non-qualified deferred compensation - tax implications

don't think you have any options except to smile and invest/spend the money At least in my plan, the distribution options you chose each year are irrevocable, so if she set it up to pay in equal installments upon separation, here it comes. Mine made sense as I put money away when in the highest brac...
by fabdog
Tue Oct 25, 2016 12:10 pm
Forum: Personal Consumer Issues
Topic: Interstate movers
Replies: 17
Views: 1277

Re: Interstate movers

Yes, everything was in good condition when it arrived. That would be the result of the good packing job the crew we hired did. They really packed it tight so stuff didn't move around. UPack is just driving the truck... good loading is key to a good result They did not combine our shipment with any o...
by fabdog
Thu Oct 20, 2016 5:40 pm
Forum: Personal Consumer Issues
Topic: Interstate movers
Replies: 17
Views: 1277

Re: Inter state movers

When we went cross country (AZ to VA) we priced out the full service and ended up using U Pack (Upack.com) We got rid of a lot of stuff before the move, and then did a 3 part adventure We hired a local company to pack our stuff and load the truck (Upack brought the truck to the house). In Phoenix th...
by fabdog
Fri Oct 14, 2016 11:44 am
Forum: Investing - Help with Personal Investments
Topic: An alternate to DNP [DNP Select Income Fund Inc.]
Replies: 21
Views: 1482

Re: An alternate to DNP

if only we were all wise enough to call a downturn (or upswing) in the market. I know I don't have that ability, so I go with an AA and stick with it On your specific question, I get that you don't care about the ER of the investment. You see it as a hedge against a market downturn that you fear is ...
by fabdog
Thu Oct 06, 2016 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Investing help - custodian selection
Replies: 6
Views: 455

Re: HSA Investing help - custodian selection

I moved my account to HSA bank this year, after retiring, and having no more employer contributions. There are no fees as long as I keep $5K in the main HSA fund, and there is a no fee TD Ameritrade brokerage account I put the rest into. You can get free ETF trades, with many Vanguard ETF's availabl...
by fabdog
Sat Aug 27, 2016 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Questions about Sole Proprietor and Tax-deferral
Replies: 9
Views: 445

Re: Questions about Sole Proprietor and Tax-deferral

There are a number of calculators on how much you can put into a solo 401K based on the net profit (revenue - expenses). one example at http://www.bankrate.com/calculators/retirement/self-employed-401-k-calculator.aspx You have to have the account open by the end of the year but I believe can make c...
by fabdog
Mon Aug 15, 2016 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Selling vested RSUs question
Replies: 5
Views: 403

Re: Selling vested RSUs question

Two steps... manually update (or call Fidelity if they don't have this feature) and update the cost basis on each batch of shares. Then when selling, make sure you have elected specific tax lot identification BEFORE you execute the sale, and then sell the specific lots you want. On RSU's I have swep...
by fabdog
Sun Jul 31, 2016 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Leaving "on or before work anniversary" and golden handcuffs
Replies: 30
Views: 4976

Re: Leaving "on or before work anniversary" and golden handcuffs

If the document specifies a date, then pick something after that.. if it's service time, make sure you haven't had any leaves of absence (medical, etc) as at many places they won't give you service credit for that time... so if you were off for 3 months with a medical issue, you service time will be...
by fabdog
Sun Jun 19, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX almost dead -- balance paid early?
Replies: 34
Views: 3127

Re: Costco AMEX almost dead -- balance paid early?

on my last statement (5/29) it listed due date as 6/24... but last date I could put in for a payment was today, 6/19. So they'll take that payment and everything else is supposed to move to the new citicard... which I'll set up online tomorrow

Mike
by fabdog
Mon Jun 13, 2016 4:10 pm
Forum: Personal Consumer Issues
Topic: The Most and Least Expensive Cars to Maintain
Replies: 40
Views: 4546

Re: The Most and Least Expensive Cars to Maintain

Interesting list. I'm particularly curious about Volvo considering it has new ownership and the new SUV has had nothing but positive reviews. 2011 XC60. was great thru 60K... only needed service (which was free at dealer) and tires around 50K miles. After the warranty... not so hot... aircon compre...
by fabdog
Mon Jun 13, 2016 12:40 pm
Forum: Investing - Theory, News & General
Topic: Your HSA and you
Replies: 27
Views: 2509

Re: Your HSA and you

I think HSA's are the greatest :D Money goes in tax free (I get a deduction on taxes now that I'm retired), money grows tax free, and withdrawals are tax free when used for medical expenses. I am using HSA bank, and no fees for investments as long as you keep $5K in your regular account, the rest ca...
by fabdog
Fri May 20, 2016 5:05 pm
Forum: Investing - Theory, News & General
Topic: Best way to buy VT for 1 year old Nephew?
Replies: 11
Views: 1232

Re: Best way to buy VT for 1 year old Nephew?

if you're only buying a few shares, the tax issue won't be a big deal for the parents. the first $1k of dividends and cap gains distributions are not taxable. the next $1100 are taxable at the childs rate, and only after $2100 does the dreaded kiddie tax arrive, when tax is paid at the parents margi...
by fabdog
Tue May 03, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: W2/1099 question
Replies: 3
Views: 403

Re: W2/1099 question

Well, the 1099 gig won't send a copy to your W2 job. But depending on what you are doing and how closely that relates to your current job, it could cause issues for you if your W2 job finds out. How will they know? Someone might tell them, depending on what you are doing At previous employers it was...
by fabdog
Thu Apr 28, 2016 4:16 pm
Forum: Personal Consumer Issues
Topic: Insurance paid me instead of provider
Replies: 4
Views: 565

Re: Insurance paid me instead of provider

have had this happen more than once. I'd ask the lab company for a bill that shows the full amount, and what they are expecting after the insurance discount. That should equal the amount you got from insurance. Tell them after you have the itemized bill in hand, you'll pay them the insurance amount....
by fabdog
Thu Apr 28, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting home office expenses from Joint partnership
Replies: 2
Views: 240

Re: Deducting home office expenses from Joint partnership

assuming she got a K1 for her part of the partnership net income, which has netted out income and expenses One path to send you accountant is unreimbursed partnership expenses, but it's not clear this is meant for home office deduction, which would usually show up on schedule C and can be done simpl...
by fabdog
Fri Apr 15, 2016 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Excess HSA contribution - navigating IRS Form 8889
Replies: 4
Views: 275

Re: Excess HSA contribution - navigating IRS Form 8889

I think form 8889 is correct for you. On your W2's from your employer, you should have code W in box 12 showing the money you put into the HSA. That money does not show up in your Box 1 for wages So if you add those 2 numbers up, do you still have excess? If so, TurboTax or whatever software will fl...
by fabdog
Thu Apr 14, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on HSA?
Replies: 13
Views: 1079

Re: Thoughts on HSA?

Thoughts on an HSA... a great tool... triple tax free... money goes in tax free, grows tax free, and comes out tax free as long as used for medical expenses. you can even use the funds after retirement to pay for things I load it up to the max every year and try to pay out of pocket for medical so t...
by fabdog
Sun Apr 03, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Hidden UTMA/Tax Issues
Replies: 49
Views: 2124

Re: Hidden UTMA/Tax Issues

Let me also clarify that what we owe is a repay of the EIC, an education credit and some of a child tax credit. The IRS lists three different items: Qualified dividends for $500 (it does say this is "shown on return" but can't be the one we filed, as we didn't know about this). Schedule D...
by fabdog
Sun Apr 03, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Hidden UTMA/Tax Issues
Replies: 49
Views: 2124

Re: Hidden UTMA/Tax Issues

Since you have the company and the account... you can ask them for 1099's from previous years... start with 2012 onwards. There may have been years where there was no taxable distribution? If they didn't send letter till the 2014 tax year, maybe nothing substantial in those earlier years (or they se...
by fabdog
Fri Apr 01, 2016 3:33 pm
Forum: Personal Consumer Issues
Topic: Pod moving and storage recommendations?
Replies: 17
Views: 1756

Re: Pod moving and storage recommendations?

I also used the UPack option (our first move that the company wasn't paying for). We hired a local company to pack the goods and load the truck (using local references) Upack brought the truck and got it where it needed to go, meeting their commit, and then we paid a local company (again using local...
by fabdog
Thu Mar 31, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Reconciling mutual fund taxes, please help
Replies: 26
Views: 1072

Re: Reconciling mutual fund taxes, please help

your cost basis in the fund should be the $38K on investment (and reinvested dividends) plus the recent $40K capital distribution.

So if you sold after that distribution for $60K, you'd have a loss on that sale transaction of $18K

Mike
by fabdog
Tue Mar 29, 2016 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: NNN lease
Replies: 7
Views: 836

Re: NNN lease

as with anything, no reward without risk... sounds like they can be great... or not so great.

This seemed to be an evenhanded treatment of the space

http://www.creonline.com/risks-and-bene ... rties.html

Mike
by fabdog
Tue Mar 29, 2016 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Who's the latest low cost HSA account holder
Replies: 12
Views: 1625

Re: Who's the latest low cost HSA account holder

HSA Bank links to TD Ameritrade where many Vanguard ETF's are free. $5K min balance I believe

Mike
by fabdog
Thu Mar 24, 2016 4:51 pm
Forum: Personal Consumer Issues
Topic: Computer help request
Replies: 12
Views: 1456

Re: Computer help request

My spouse had a similar issue with her new HP laptop on Windows 10. Turned out to be a WLAN driver update that HP pushed had failed, and killed the Wireless LAN. rolled back the update and all was well with the world

Mike
by fabdog
Fri Mar 18, 2016 6:12 pm
Forum: Personal Consumer Issues
Topic: Be alert [for scam calls pretending to be from] Vanguard
Replies: 12
Views: 1863

Re: Be alert on calls from Vanguard

They may have been truly "fishing"

I've gotten two similar calls in the last year claiming to be Bank of America and asking for login/account details. Except no accounts at Bank of America. So they had our names and number and guessing on institution

Mike
by fabdog
Thu Mar 17, 2016 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Better to use backdoor Roth IRA when close to income limit?
Replies: 3
Views: 403

Re: Better to use backdoor Roth IRA when close to income limit?

I would definitely go that route. Have done the backdoor Roth's for several years and it's pretty easy. As I'm retired this year I had projected being under the income limit this year so made contributions to Roth's directly. Then former employer surprised me with a bigger than expected trailing bon...
by fabdog
Sun Mar 13, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax - started with Premier but don't know I needed it?
Replies: 11
Views: 917

Re: TurboTax - started with Premier but don't know I needed it?

If you already purchased Premier, I am not aware of a way to "downgrade" to Deluxe.

TurboTax presents many opportunities to "upgrade" versions... but I haven't seen a way to go backwards once you have purchased or upgraded

Mike
by fabdog
Sun Mar 13, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Do I need an accountant this year?
Replies: 5
Views: 525

Re: Do I need an accountant this year?

You may want to check and make sure you have the right accounting for your NQSO sales... if you did a same day sale, the 1099 from your broker will show a gain, as they no longer include the taxable compensation that is also in your W2. So if you just entered straight from the 1099 you will be seein...
by fabdog
Fri Mar 11, 2016 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Units [understanding W2]
Replies: 1
Views: 229

Re: Restricted Stock Units [understanding W2]

it's already in your box 1 income shown on your W2. the tax amounts are also included on your W2

You'll need the price of the day they vested as your basis for when you eventually sell the 4 shares

Mike
by fabdog
Tue Mar 08, 2016 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax - Deluxe or Premier?
Replies: 20
Views: 1597

Re: Turbo Tax - Deluxe or Premier?

Turbo Tax deluxe was fine for me on most everything. I ended up going to premiere to handle non qualified stock options where the basis reported on my 1099 was no longer correct (the firms no longer include the amount of gain you have reported on your W2 since the IRS told them to stop that 2 years ...
by fabdog
Wed Mar 02, 2016 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Savings Bond Refund gotcha
Replies: 11
Views: 1489

Re: Savings Bond Refund gotcha

This is a gotcha? Can't you just take your refund and purchase savings bonds yourself? If I ask for my refund in Krugerrands, I wouldn't imagine they would comply either. Maybe I'm missing something here... There is an opportunity to get up to $5K in savings bonds with your tax refund. This does no...
by fabdog
Wed Mar 02, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Savings Bond Refund gotcha
Replies: 11
Views: 1489

Re: Savings Bond Refund gotcha

When we've had the opportunity to get Ibonds as refunds, I don't ask for them to be title differently. They just come with my SSN and mine/spouse's name We then use form 1851 to send the bonds in and have them reissued to the trust. So an added step and hassle (you'll need a signature guarantee or m...
by fabdog
Mon Feb 29, 2016 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - Tax Question
Replies: 2
Views: 307

Re: Backdoor Roth IRA - Tax Question

You'll need to report the 1099R on your taxes... but TurboTax (and I am sure Taxcut, H&R Block as well, I am just more familiar with TT) will then let you report the Roth conversion and it will all come out OK, and you'd have tax on the .03 (assuming a full $5500 non deductible contribution you'...

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