Search found 67 matches

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: 407

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: 376

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: 4860

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: 3027

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: 4399

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: 2352

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: 1194

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: 399

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: 554

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: 234

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: 248

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: 1044

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: 2079

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: 2079

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: 1686

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: 1037

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: 6
Views: 650

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: 1399

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: 1399

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: 1811

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: 393

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: 888

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: 509

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: 226

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: 1544

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: 1450

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: 1450

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: 297

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'...
by fabdog
Sat Feb 13, 2016 4:13 pm
Forum: Personal Consumer Issues
Topic: Emergency Standby Generator
Replies: 41
Views: 2677

Re: Emergency Standby Generator

We installed a whole house generator as we moved into what we hope is the last house we own. We have had portable gensets in the past (which really came in handy). This area rarely loses power but when it does it can be days on end We got a Kohler 20K watt generator, and an intelligent load center a...
by fabdog
Mon Jan 04, 2016 8:06 pm
Forum: Personal Consumer Issues
Topic: Credit card fraud - what happens with refunds to that card?
Replies: 4
Views: 439

Re: Credit card fraud - what happens with refunds to that card?

That has been my experience in the past, both with Citi and other card vendors. Also any pending charges that were valid will "flow thru" to your new card

Mike
by fabdog
Wed Dec 30, 2015 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a CPA for my taxes (personal not business)?
Replies: 27
Views: 2104

Re: Do I need a CPA for my taxes (personal not business)?

[/quote]

Isn't CPA = tax professional? Or are there other places to get in person help (besides a CPA)?[/quote]

CPA is certainly an option, and a tax professional. Just seems like overkill for the situation you described

Mike
by fabdog
Wed Dec 30, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a CPA for my taxes (personal not business)?
Replies: 27
Views: 2104

Re: Do I need a CPA for my taxes (personal not business)?

not clear you need a CPA, a knowledgeable tax professional should be able to sort thru your 2014 issues and get the right forms done. So a CPA or an enrolled agent (who can practice before the IRS) should be able to help you out. You could also ask friends if they know someone local with solid skill...
by fabdog
Tue Dec 22, 2015 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Are Bogleheads Buying I-Bonds 2016?
Replies: 87
Views: 13393

Re: Are Bogleheads Buying I-Bonds 2016?

I figure that, currently at 0.1%, you might as well wait. It's a pretty low risk gamble (other than the time lost). In addition to the time, there is space. With the yearly limits once it's gone it's gone. So if someone skips 2015 and then decides it's a great choice, you lost that years $10K (whic...
by fabdog
Sun Dec 20, 2015 2:02 pm
Forum: Investing - Theory, News & General
Topic: Finding a good tax-loss pair for individual stock
Replies: 2
Views: 293

Re: Finding a good tax-loss pair for individual stock

Well, NOV has taken a beating this year, and as folks look for TLH down the stretch here it might take even more punishment. If you really want to have a position in Oil services you could look at Baker Hughes, Halliburton, or Weatherford But then you have the Baker Hughes/Halliburton merger activit...
by fabdog
Mon Dec 14, 2015 2:05 pm
Forum: Personal Consumer Issues
Topic: Buy a Bosch dishwasher on Amazon?
Replies: 25
Views: 2221

Re: Buy a Bosch dishwasher on Amazon?

Some of the model differences are how the handle is placed on the outside (recessed or not) as well as the interior. This was our second Bosch (needed one for our new house) and we went with this one SHP65T55UC I'd recommend Lowe's or Best Buy (Best Buy will price match). Go by and see what they hav...
by fabdog
Sun Dec 13, 2015 5:34 pm
Forum: Personal Consumer Issues
Topic: Need recommendations for 4WD/AWD vehicle
Replies: 56
Views: 4720

Re: Need recommendations for 4WD/AWD vehicle

I have a Volvo XC60 with AWD. Great ground clearance, and it got me out of my driveway and out to the main roads many mornings when the plows hadn't arrived. All the scheduled maintenance was covered thru 60K miles and they even covered brakes when those needed work. It's been a good car As others n...
by fabdog
Sun Dec 13, 2015 5:18 pm
Forum: Personal Consumer Issues
Topic: Need recommendations for 4WD/AWD vehicle
Replies: 56
Views: 4720

Re: Need recommendations for 4WD/AWD vehicle

I have a Volvo XC60 with AWD. Great ground clearance, and it got me out of my driveway and out to the main roads many mornings when the plows hadn't arrived. All the scheduled maintenance was covered thru 60K miles and they even covered brakes when those needed work. It's been a good car As others n...
by fabdog
Thu Dec 10, 2015 8:11 pm
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 10621

Re: Mutual fund stops redemptions - now in liquidation

This is wildly contagious and I predict at a minimum all other 3rd Ave funds are done.


I'd be interested in your thoughts on why this liquidation of the high yield fund where they were into very illiquid bonds would transfers into the other funds they have which hold stocks?

Mike
by fabdog
Thu Dec 10, 2015 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Investment option for Cash - an Annuity?
Replies: 5
Views: 662

Re: HSA Investment option for Cash - an Annuity?

the name is unfortunate. Let us know if you get a prospectus but it certainly sounds like the "stable" funds in 401K's (which it references) the fund in my 401K (and SERP plan for deferred comp) is called the stable value option. There are no withdrawal fees, but I expect in a big crunch l...
by fabdog
Mon Dec 07, 2015 9:42 am
Forum: Personal Consumer Issues
Topic: exterior timer for Christmas lights
Replies: 10
Views: 726

Re: exterior timer for Christmas lights

We have used this for several years... it's easy to set up, and you control the time(s) for on/off in 15 minute intervals. Has two outlets which helps in my setup

http://www.amazon.com/GE-24-Hour-Outdoo ... B0032UDDRM

Mike
by fabdog
Mon Dec 07, 2015 9:39 am
Forum: Personal Consumer Issues
Topic: Just on The Great Courses
Replies: 20
Views: 2292

Re: Just on The Great Courses

One has to wait for the sales as the list prices of these courses are often forbidding. But the quality so far has been high. Our local library has a large collection of the Great Courses available for checkout. I can't say if they have everyone, but you may want to check to see if your local libra...
by fabdog
Wed Dec 02, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Tax prep software, 4 user license
Replies: 15
Views: 1295

Re: Tax prep software, 4 user license

Actually, with turbo tax (not as familiar with the others) you can efile up to 5 federal returns for free. You have to pay for state efiles, so printing and mailing works for that

Mike
by fabdog
Mon Nov 30, 2015 3:21 pm
Forum: Personal Consumer Issues
Topic: Turbo Tax Deluxe status w/ schedules
Replies: 15
Views: 1996

Re: Turbo Tax Deluxe status w/ schedules

1. Will Deluxe allow one to download from vendor's the 1099-B forms, so that one does not have to type the information in? Yes, it offered that up first, but since none of my 1099's are ready I went for Manual Entry. 2. When you wrote "manually entered", was that in the EasyStep or in the ...
by fabdog
Mon Nov 30, 2015 2:29 pm
Forum: Personal Consumer Issues
Topic: Turbo Tax Deluxe status w/ schedules
Replies: 15
Views: 1996

Re: Turbo Tax Deluxe status w/ schedules

Intuit sent an email earlier this year indicating they had strong customer feedback about last years change and were going back to the previous setup. I have downloaded my TT Deluxe for 2015. I went into the software and manually entered a capital gainstransaction which the software handled (it did ...
by fabdog
Sun Nov 08, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: a new analogy
Replies: 4
Views: 831

Re: a new analogy

You're right, it's amazing to sit and watch them have at it. I won't be buying any of that, and hopefully my questions planted some seeds among some of the other folks there to ask a few more questions.

I have managed to avoid the time share pitches :D

Mike
by fabdog
Thu Oct 29, 2015 11:39 am
Forum: Personal Finance (Not Investing)
Topic: a new analogy
Replies: 4
Views: 831

a new analogy

Always interesting to hear a new spin from someone trying to make annuities look good. Our local continuing ed association had a session on "understanding annuities" so I went by to see how it would get pitched. Started positive, person represented themselves as fee only planner, went thru...
by fabdog
Wed Oct 21, 2015 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Chase no longer works with Quicken?
Replies: 19
Views: 9077

Re: Chase no longer works with Quicken?

I had a similar issue a couple of months back where all my credit card downloads stopped working. With Chase, I searched online and found references to something called direct connect that you need to activate. You can call them to activate it but I recall doing mine online. I believe it was under c...
by fabdog
Sun Oct 18, 2015 3:59 pm
Forum: Investing - Theory, News & General
Topic: What did you learn at Bogleheads 15
Replies: 37
Views: 4819

Re: What did you learn at Bogleheads 15

I thought the Gus Sauter presentation on thinking about future market returns was excellent and a nice walk thru recent history. His walk thru demographics and how that helps explain some of the current economic issues around spending, growth, and household wealth was well done. He put existing data...
by fabdog
Sun Oct 04, 2015 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Indexed Deferred Income Annuities
Replies: 7
Views: 585

Re: Indexed Deferred Income Annuities

The deferred income annuity that is referenced, I believe, is the type that someone would buy at one age, and then have the income stream kick in at 85 or so. There has been a lot of publicity as recently the rules have changed so you can buy them with 401K money. They are not as complex as the vari...
by fabdog
Mon Aug 17, 2015 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Funding our living trusts?
Replies: 16
Views: 1635

Re: Funding our living trusts?

We had a similar situation when we lived in Massachusetts, with each of us having a separate trust that assets could go to at death to address the MA $1 million estate limit. These trusts were not funded. However, we also had created a living revocable trust to hold our current assets vs the approac...

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