Search found 170 matches

by fabdog
Thu Jul 20, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 3874

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: 580

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: 911

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: 347

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 ...
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: 415

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: 2076

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: 348

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: 436

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: 607

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: 774

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: 446

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: 446

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: 2506

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: 544

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: 1842

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: 1869

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: 4963

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: 4111

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: 422

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: 888

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: 826

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: 292

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: 826

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: 481

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: 454

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: 347

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: 354

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: 3402

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: 1036

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: 607

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: 1648

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: 734

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: 255

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: 1528

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: 484

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: 334

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: 334

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...
by fabdog
Thu Mar 30, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Trade Commission Paid from non-IRA Cash?
Replies: 3
Views: 213

Re: IRA Trade Commission Paid from non-IRA Cash?

you'd have to ask your broker. I know there are custodians who accept the account fees paid with non IRA money (and then you can try and deduct them)

Not sure if same applies for trade fees

Mike
by fabdog
Wed Mar 22, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Enrolled Agent or CPA for current issues
Replies: 20
Views: 1291

Re: Enrolled Agent or CPA for current issues

Either can represent you before the IRS, although not likely you'd need that. If you want the extra advice on your situation, either can do that for you as well. It may be difficult to find a CPA willing to help a new client at this time of year. You may be able to find a local EA in your area using...
by fabdog
Sun Mar 19, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Career Dilemma - Seeking Input
Replies: 7
Views: 1115

Re: Career Dilemma - Seeking Input

if the current company treats you well, and the issue is only the personnel management, why not try option 2, where you stay in the same place (no relo) have the same schedule, and approx same money?

If that doesn't work out then you could chase after options 3 and 4

Mike
by fabdog
Mon Mar 13, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax Paid Date in TurboTax
Replies: 4
Views: 323

Re: Foreign Tax Paid Date in TurboTax

for foreign tax withholding on mutual funds, I usually just use 12/31/xx
by fabdog
Sun Mar 12, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for advisor fees on 1041 trust return
Replies: 7
Views: 512

Re: Tax deductions for advisor fees on 1041 trust return

that is the standard with advisory/investment fees. You cannot deduct fees used to generate tax exempt income. You allocate on the income, not the account balances. So as an example, with your advisor fee of $1000, you have $750 of taxable income and $250 of tax free, $750 would be deductible. Mike
by fabdog
Sun Mar 05, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Question on compensation for making an IRA contribution
Replies: 1
Views: 176

Re: Question on compensation for making an IRA contribution

yes, you should be fine with the Box 1 minus Box 11 amount. The box 11 amount can't be used for IRA contributions

Mike
by fabdog
Sat Mar 04, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Advice on relocation or staying put
Replies: 83
Views: 6329

Re: Advice on relocation or staying put

Acton/Boxborough and Hopkinton are along the 495 corridor. There are lots of other towns along that route (Hudson/South and Westboro, etc) all are a far way from Boston, especially if your wife has to commute into Boston... that would be a nightmare You could look into towns along/inside 95, much cl...
by fabdog
Sat Mar 04, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Advice on relocation or staying put
Replies: 83
Views: 6329

Re: Advice on relocation or staying put

Having lived in MA (near Acton) as well as NM and AZ so got plenty of heat... The plus'es... it rarely gets hot in the summer... we would run the aircon a few days a year, mostly to take the humidity out of the house. The schools (providing you pick a good district) are excellent.. and there are a l...
by fabdog
Tue Jan 24, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: HSA qualification and quarterly income tax payment
Replies: 2
Views: 196

Re: HSA qualification and quarterly income tax payment

opening an HSA is tied to having a qualifying High Deductible Health plan (HDHP). If after you retire you go into an HDHP, yes, you can open and fund. When you start medicare you can no longer contribute to an HSA, but can keep and spend your existing HSA If you start pension payments in July, I wou...
by fabdog
Mon Jan 23, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: Amazon Phishing Email after Order
Replies: 16
Views: 2562

Re: Amazon Phishing Email after Order

Have never had that...

you can report suspect emails to them https://www.amazon.com/gp/help/customer ... =201127830

and tips on what an Amazon mail should look like https://www.amazon.com/gp/help/customer ... d=15835501

Mike
by fabdog
Sat Jan 21, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Investment tax question
Replies: 1
Views: 214

Re: Investment tax question

so did you contribute to a Traditional Ira and then convert it all over to a Roth? That would generate the 1099R. If that was the case you tell your tax software that you converted it to a Roth, and if you had no other Trad IRA balances should take care of the tax issue. Should come with a distribut...
by fabdog
Tue Jan 17, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: HDHP switch? Feedback appreciated
Replies: 5
Views: 380

Re: HDHP switch? Feedback appreciated

1) The new year for our health insurance begins in July. Can I max out our HSA while we have the HDHP by June 30 even though we won't be in the plan for the full year of 2017? No, you must be insured through the year to have the full HSA contribution available 2) Does it make financial sense to swit...
by fabdog
Mon Jan 16, 2017 8:12 pm
Forum: Personal Consumer Issues
Topic: Rental car--new windshield crack
Replies: 14
Views: 3664

Re: Rental car--new windshield crack

I had a similar situation, noticed on the last day a crack after something hit the windshield. It was small and on passenger side. When I dropped off car they noted the crack, and charged me $138 since I didn't have the CDW. I didn't have to worry about driving for days and whether the crack got wor...