Search found 183 matches

by fabdog
Mon Oct 09, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Calculating Other Income on W2 for RSU's
Replies: 6
Views: 288

Re: Calculating Other Income on W2 for RSU's

on the ESPP, if you sell within two years from offering, or one year from purchase, the company has to include the "discount" you received on the purchase as income. You then calculate your capital gain or loss on the shares using your proceeds less the total of what you paid plus the discount inclu...
by fabdog
Mon Oct 09, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Calculating Other Income on W2 for RSU's
Replies: 6
Views: 288

Re: Calculating Other Income on W2 for RSU's

For the "missing" $1500... some possibilities. If your employer offers an ESPP, with shares bought for a discount and also allows sales during same year, those "disqualifying dispositions" get reported on your W2 (sales price minus what you paid in the ESPP Also any small bonuses you may have gotten...
by fabdog
Tue Oct 03, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris - should we buy tickets in advance?
Replies: 37
Views: 1608

Re: Visiting Paris - should we buy tickets in advance?

at least at the Louvre, if you buy ahead online you can go to a separate entrance which was not at all crowded. Not sure how the crowds will be.

info on passes

https://community.ricksteves.com/travel ... paris-pass

Mike
by fabdog
Thu Sep 28, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Accidentally Underpaid Income Taxes – Please Advise
Replies: 8
Views: 772

Re: Accidentally Underpaid Income Taxes – Please Advise

Understand. So you had some amount of withholding/estimated payments you made for 2016. When you filed your extension in April it sounds like you may have made an additional payment to top up what you had already "sent in". Concern now is that was not enough and after fully entering everything you o...
by fabdog
Thu Sep 28, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Accidentally Underpaid Income Taxes – Please Advise
Replies: 8
Views: 772

Re: Accidentally Underpaid Income Taxes – Please Advise

as noted, let your tax software or accountant do the work... you may not owe a penalty, if you meet one of the safe harbors... since you had a "spike" in income for that year which was unexpected, you may well be covered by the safe harbor having as much tax with held as you owed previous year (or s...
by fabdog
Thu Sep 28, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: My first promotion without a pay increase
Replies: 47
Views: 4913

Re: My first promotion without a pay increase

based on what you wrote, it sounds like you are very highly paid vs how they have you placed in their compensation structure... you were "topped out" in your position before the promo (based on boss comment you had reached the top of the pay range). If you hadn't been a good/great performer the rais...
by fabdog
Thu Sep 28, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: Tax Preparer wanted
Replies: 5
Views: 623

Re: Tax Preparer wanted

Have you asked your current accountant why they cost so much if your returns have gotten simpler (assuming you've been happy with their previous work) Everyone has a different definition of simple if you could post what forms you think you'd file in your simplified state folks could give ranges One ...
by fabdog
Sat Sep 23, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficiency of Hard Money Lending
Replies: 6
Views: 524

Re: Tax Efficiency of Hard Money Lending

one clarification.. Peer street reports on a 1099, not a K1. So not great treatment tax wise but at least simple

Mike
by fabdog
Tue Sep 19, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: K-1s and UBTI
Replies: 3
Views: 319

Re: K-1s and UBTI

your method for ballparking the UBTI is reasonable... just remember there can be big swings... so if you've looked at several years that should give you an idea of the margin And yes, if you have multiple holdings, all of which are under $1K UBTI, and your overall in the IRA you have over $1K, you'l...
by fabdog
Tue Sep 19, 2017 7:25 am
Forum: Personal Consumer Issues
Topic: Another cut the cable thread
Replies: 14
Views: 1338

Re: Another cut the cable thread

You may want to look at the OTA services and see if they meet your needs. We don't have a DVR and don't worry about recording programs as CBS and Hulu apps have the recent episodes available so we can watch them on our schedule.

Mike
by fabdog
Thu Sep 07, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Married, owning two homes, file as HOH?
Replies: 43
Views: 2211

Re: Married, owning two homes, file as HOH?

You likely owe more taxes because your incomes are substantially higher and you are pushing into the higher tax brackets. More than likely you will be paying a lot of tax being in medicine and having big salaries. The way of the world. Good luck! I guess what doesnt seem fair is if we were not marr...
by fabdog
Thu Sep 07, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Married, owning two homes, file as HOH?
Replies: 43
Views: 2211

Re: Married, owning two homes, file as HOH?

I see... I guess we were thinking that yes, we are screwed for this year but going forward, how do we save ourselves the taxes (other than getting a divorce). We are both high income earners but have pretty straightforward taxes other than the rental income. Currently maxing out our retirement acco...
by fabdog
Wed Aug 23, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Can i open multiple treasury direct accounts
Replies: 4
Views: 494

Re: Can i open multiple treasury direct accounts

I'm not understanding how 2 or more TD accounts would help, are you saying bucketing them ($5K to save for a car, $5K for a house)? Wouldn't it just be easier to keep that on a spreadsheet especially if goals change? On the topic, one account per registration. I have two under my SSN, one is an indi...
by fabdog
Thu Jul 20, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 4019

Re: Investing well for Retirement can be frustrating

I know where you're coming from.

Your moment in the sun comes when you announce you're retiring at a relatively young age, and going to travel, volunteer, maybe some part time work. Your co workers with the nice houses and cars will be left speechless... unless asking how you pulled it off

Mike
by fabdog
Tue Jun 27, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Superfund Question
Replies: 7
Views: 663

Re: 529 Superfund Question

South Carolina apparently allows full deduction in the year of contribution, as long as there is enough income to offset it, up to the plan maximum (for Futurescholar $400K) from the State DOR website (and confirmed with other sources). It's an above the line deduction, and you have till April 15th ...
by fabdog
Sat Jun 17, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: DS in Auto Accident, Insurance Increase, Plan-of-Action
Replies: 13
Views: 984

Re: DS in Auto Accident, Insurance Increase, Plan-of-Action

mcraepat9, Son is transferring college to new university and could chose to store his car from fall-to-spring. We could choose to store his car over this duration and save the insurance money. Alternatives might be to get his insurance separately from the family and stay on with the same company. S...
by fabdog
Wed Jun 14, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Hulu and sling question when visiting parents
Replies: 2
Views: 385

Re: Hulu and sling question when visiting parents

Should be fine as long as you're in the US. Not likely to work on overseas IP's And of course, if anyone "back home" is using them at the same time time you'll have an issue depending on your subscription type. the basic Sling package I know is one stream only... so if someone else logged in using y...
by fabdog
Sat Jun 10, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to utilize employer's NQDC plan
Replies: 4
Views: 476

Re: How to utilize employer's NQDC plan

I wouldn't think short term deferrals over a 3 to 5 year horizon would be helpful for you. In your late 30's hopefully your income will be going up from here so you'll defer now and then have that money arriving in a few years when hopefully your earnings are higher (and maybe also your tax bracket)...
by fabdog
Fri Jun 09, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Handshake Deal for Home Purchase
Replies: 13
Views: 2194

Re: Handshake Deal for Home Purchase

A purchase contract, which states what you're paying, and the transfer date, so then you have the sale documented. Depending on where you live, the local title company can handle the transaction for you, or at least head you in the right direction You can likely look up standard purchase contracts o...
by fabdog
Thu Jun 08, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: In Kind Transfer of Schwab Intelligent Portfolio
Replies: 5
Views: 418

Re: In Kind Transfer of Schwab Intelligent Portfolio

up to you to decide whether you can take the ~$4k in short term capital gains, or wait for a full year since purchase year and make them long term. By transferring the Schwab ETF's in kind to Vanguard, you've now set yourself up for a trading commission on each of them when you use Vanguard to sell ...
by fabdog
Tue May 30, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: selling inherited stock
Replies: 5
Views: 477

Re: selling inherited stock

Fifo or average won't matter if you are selling the complete position (original shares plus all reinvested shares), it's all the same. Would make a difference for example if you sold half (older shares presumably cost less so FIFO would be a lower cost basis than average, for example) When you look ...
by fabdog
Thu May 25, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Debit card and 529
Replies: 4
Views: 659

Re: Debit card and 529

yep, that's my process. Save all receipts in a file for tax time. The 1098T you will get from the Tuition and most of the fees reflected, but not room and board. Then books, supplies (including computer) you buy you need to keep records as those can all be supported with 529 funds. then on your 1099...
by fabdog
Thu May 25, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Debit card use
Replies: 5
Views: 826

Re: Debit card use

no issues. There is no link between purchase method and the 529 funds (debit card) As long as your daughter can show she spent the money from an account she controls (which she will). Her withdrawal from the 529 will generate a 1099-Q next January, which she'll need to report on taxes. She'll then n...
by fabdog
Wed May 24, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Trading UVXY in a self employed 401k - How to handle K-1
Replies: 7
Views: 510

Re: Trading UVXY in a self employed 401k - How to handle K-1

The type of income that generally could subject a 401(k) or Solo 401K to UBIT or UBTI is income generated from the following sources: Income from the operations of an active trade or business through a passsthrough entity (i.e. LLC or partnership). For example, a store, restaurant, manufacturing bus...
by fabdog
Wed May 24, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Trading UVXY in a self employed 401k - How to handle K-1
Replies: 7
Views: 510

Re: Trading UVXY in a self employed 401k - How to handle K-1

does your K1 show more than $1000 in UBTI (Unrelated Business Income)? This usually shows up as box 20(V) on the K1. IRA's are not allowed to have more than $1K of UBTI If not, it should be business income, dividends, interest, etc. Turbo Tax lets you report the K1 as belonging to a retirement plan ...
by fabdog
Tue May 23, 2017 5:38 pm
Forum: Personal Consumer Issues
Topic: Help choose company service gift [choice made!]
Replies: 32
Views: 2729

Re: Help choose company service gift

if you're looking at using the tablet to read books (and magazines) from the library, it is very nice. I was initially skeptical but now consume almost all my reading on the tablet. No thoughts on ipad vs Galaxy, both should be fine If you use the Ipod nano every day and it's not in great shape, may...
by fabdog
Mon May 22, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Replacing lost EE bonds
Replies: 4
Views: 591

Re: Replacing lost EE bonds

Great blog post here on the experience... one place you may hit an obstacle almost immediately is needing the serial numbers

https://thefinancebuff.com/replace-lost ... ience.html

Mike
by fabdog
Thu May 18, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to stay at 19 or 24 paychecks per year?
Replies: 18
Views: 1939

Re: Is it better to stay at 19 or 24 paychecks per year?

guessing an educator... option to get paid twice a month year round... or just during the school year
by fabdog
Wed May 17, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: Keep paying for AC refrigerant when tech cannot find a leak
Replies: 20
Views: 1975

Re: Keep paying for AC refrigerant when tech cannot find a leak

Ask if they can recharge it with the special ultraviolet stuff in it... so then the leak will be visible after some time... even if very small. My auto mechanic used this method to find and fix a very small leak in our cars air conditioning. Assume HVAC techs could get acess to the same stuff

Mike
by fabdog
Mon May 15, 2017 5:26 pm
Forum: Investing - Theory, News & General
Topic: Do stocks always go up long term?
Replies: 56
Views: 5298

Re: Do stocks always go up long term?

A lot of the gain comes from a small percentage of the stocks. Most of us aren't able to predict in advance which ones of those they will be, hence get the index and take the overall performance. Usually when companies are in trouble they end up out of the S&P long before they are delisted, so t...
by fabdog
Mon May 15, 2017 3:39 pm
Forum: Investing - Theory, News & General
Topic: Scolded by my adviser at F******* ! [Fidelity]
Replies: 23
Views: 4201

Re: Scolded by my adviser at F******* !

not sure this is a reflection on the participation trophy generation as much as on companies who get lulled into thinking they can have surveys that cover a wide waterfront, and tie that to employees. As you noted, your responses were to questions that the advisor has little to no impact on (the web...
by fabdog
Mon May 15, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Selling etfs (what to expect)...
Replies: 6
Views: 459

Re: Selling etfs (what to expect)...

The trades will take 3 days to settle, so on the day you sell, don't expect to be able to withdraw. You will owe taxes (at your marginal rate) on any gains since you haven't held for a year To minimize that hit, you can change your cost method to specific shares BEFORE you sell, and pick the shares ...
by fabdog
Sun May 14, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth screw up?
Replies: 7
Views: 952

Re: Backdoor Roth screw up?

You can still complete your original plan. Just have Vanguard do the rest after the funds settle. You'll get one 1099R reflecting the conversion. You'll have a slight taxable amount on the $8.65 (or whatever gain you have in the funds before the transfer) that will go on your 2017 return To avoid th...
by fabdog
Sat May 13, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: How to tell what is your effective vanguard benefits level/tier? (solved)
Replies: 8
Views: 905

Re: How to tell what is current vanguard benefits level/tier?

I currently have a brokerage account (previously had mutual fund and brokerage and consolidated) I also have 3 529 accounts on the landing page. the Flagship status does not show on the 529 statements I log in thru the personal site I don't remember where I used to see status, but as Aristotelain no...
by fabdog
Sat May 13, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: 2006 Chevy Trail Blazer - Unidentifiable Noise
Replies: 2
Views: 317

Re: 2006 Chevy Trail Blazer - Unidentifiable Noise

Have no experience with Trailblazers... but have had a similar issue on my Volvo. Combo of needing alignment and tire positions... loud noise which acted as you described, started out at ~ 30 mph and got louder as speed went up. Getting both front and rear alignment done, and rotating the tires ever...
by fabdog
Sat May 13, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to tell what is your effective vanguard benefits level/tier? (solved)
Replies: 8
Views: 905

Re: How to tell what is current vanguard benefits level/tier?

I see my status on every page of my statement. There is also a flagship reference on the bottom right of my home account page, not sure what personal or voyager show.

Mike
by fabdog
Sun May 07, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: ISO/NSO Grant Advice - Who do I talk to?
Replies: 6
Views: 522

Re: ISO/NSO Grant Advice - Who do I talk to?

+1 on advice to make sure whomever you chat with is knowledgeable on options. CPA's know a lot on taxes, but if they don't deal with options frequently they may not be up to speed, same for an EA (enrolled agent) Another resource: ask folks you work with if they have someone they turn to for advice ...
by fabdog
Thu May 04, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Self-Employment Taxes - questions
Replies: 10
Views: 509

Re: Paying Self-Employment Taxes - questions

Well, it sounds like you don't want to do more than $3K of it in 2017... so you can plug that into your tax software and see how much extra tax you'd owe (income and self employment). If you need to make a little estimated you can get that dialed in As far as paying, it is just part of your 2017 tax...
by fabdog
Thu May 04, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Understanding Self Employed saving options
Replies: 7
Views: 386

Re: Understanding Self Employed saving options

you can do both an IRA (assuming you have earned income from your job, and sounds like you'd even qualify on your husband's earnings) and a solo 401K You can't get QUITE all your money you make on the 1099 in the solo 401K. It's your net profit less the self employment tax. So if all you have is the...
by fabdog
Thu May 04, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Multiple HSA accounts - How to handle
Replies: 4
Views: 389

Re: Multiple HSA accounts - How to handle

yes, you can transfer from one to the other. Custodian to custodian is simplest. The banks should have the forms on their website... it's not fast (mine took 6 weeks) but gets done. Consolidate into the most favorable (fees, investment options) If you won't be contributing on your own (if you have a...
by fabdog
Wed May 03, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris for 8 days - what to do?
Replies: 47
Views: 3624

Re: Visiting Paris for 8 days - what to do?

Another out of town trip you can do in a day is Mont St Michel. You can take ~ 730 train out of Paris to Dol De Bratagne, and they have a bus that drops you off at the visitor center. Bus picks you up a little after 4 to take you back to the station with time to spare to catch the train back to Pari...
by fabdog
Tue May 02, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: using smartphone overseas travel
Replies: 10
Views: 1107

Re: using smartphone overseas travel

When we were in Europe last summer both my wife (with Iphone) and daughter (Android) could use their phones. Sprint has a plan that covers roaming in many countries (and it was no extra charge), and while we didn't use much voice (a few calls as my wife was trying to nail down a new job) they had fr...
by fabdog
Mon May 01, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Missing SS earnings: Royalty
Replies: 6
Views: 641

Re: Missing SS earnings: Royalty

If you paid self employment taxes on them and reported on Schedule C/Schedule SE, ie you claimed them as self employment, then they should be on your record. If they landed on line 21 as "other income" and you did not pay self employment tax on them (which is SS and medicare) they won't sh...
by fabdog
Tue Apr 25, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Revocable trust worth paying attorney for?
Replies: 21
Views: 1729

Re: Revocable trust worth paying attorney for?

For: cheap

Against: if he makes a mistake, it may not be fixable (and he won't be around to try to untangle it)

Not an area I usually pinch pennies... We have had ours updated each time we moved as state laws are different...

Mike
by fabdog
Fri Apr 21, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: 529 and Vanguard Status
Replies: 6
Views: 777

Re: 529 and Vanguard Status

I had money in the Utah plan, and saw the same issue. I moved the money to the plan Vanguard offers directly on their website, which I believe is the Nevada plan. Those balances count towards flagship status

Mike
by fabdog
Tue Apr 18, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Company merger-- effect on retirement contributions ?
Replies: 3
Views: 262

Re: Company merger-- effect on retirement contributions ?

And make sure Company B keeps track and does not let you over contribute. Since they took over Company A likely they'll know the limits. the last megacorp I worked for had different legal entities in the US. When you moved from one to the other, if you had already hit the SS max for the year, they s...
by fabdog
Sun Apr 09, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: [Tax] software asks driver license number
Replies: 15
Views: 1580

Re: software asks driver license number

Nothing, at least for this year. I fully expect at some point in the near future, as they try to battle tax return fraud, the IRS and/or the states will move towards requiring some sort of identification number on returns. They have it as optional now, perhaps testing out how it works

Mike
by fabdog
Sun Apr 09, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: State Taxes and itemized deductions
Replies: 5
Views: 510

Re: State Taxes and itemized deductions

your tax software (assuming you're using the same package) picked up the refund, and it also gives you credit for this years itemized deductions for the taxes you paid to the second state as balance due during 2016. It's showing the refund you got from state 1, and if you go thru the menus or go int...
by fabdog
Thu Apr 06, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Both a cash and investment roth IRAs?
Replies: 3
Views: 351

Re: Both a cash and investment roth IRAs?

I find their standard phone support to be quite good. So you can just set up a standard account, if you know how you want to allocate your contributions If you want the hand holding on asset allocation, you can certainly give the intelligent portfolio service a try. I have not used it personally. It...
by fabdog
Thu Apr 06, 2017 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Both a cash and investment roth IRAs?
Replies: 3
Views: 351

Re: Both a cash and investment roth IRAs?

no dumb questions. Vanguard and Schwab are both excellent, have low cost funds in many categories, and can be a one stop shop for you. Schwab may do a better job of "hand holding" you thru the process if you feel unsure, good phone support Cash equivalents 100% means they have you in a mon...