Search found 916 matches

by feh
Sun May 01, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: tax shelter for passive income?
Replies: 6
Views: 757

Re: tax shelter for passive income?

Perhaps reconsider your $60K LLC membership flow through. I'm not following how you're getting a $60K K-1 statement and not getting the money. I have a small stake in the LLC. I have no say as to what the company does with profits; they may be distributed, or they may be invested back into the busi...
by feh
Sat Apr 30, 2016 7:52 am
Forum: Personal Finance (Not Investing)
Topic: tax shelter for passive income?
Replies: 6
Views: 757

tax shelter for passive income?

Hi folks. Before I get to my question a couple comments: 1) I know this is a first-world problem and 2) I'm not looking to evade taxes, just avoid them. Early retirement is coming soon, and I was very much looking forward to being one of those folks that pay zero taxes . However, I am a member of an...
by feh
Fri Apr 29, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: Selling in May and Walking Away?
Replies: 83
Views: 6716

Re: Selling in May and Walking Away?

chicagoan23 wrote:I am thinking of moving equities down from about 75% of my portfolio to maybe 60%....Just wondering if others are thinking along those same lines.


Absolutely not.
by feh
Wed Apr 27, 2016 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help me convince my spouse
Replies: 34
Views: 3020

Re: Help me convince my spouse

Interesting to see several users argue in favor of the advisor. I am very new here, but I thought the prevailing opinion was that using an advisor is akin to throwing money away. At any rate, these response have made me rethink my position. Maybe Vanguard will turn out to be a perfect compromise. I...
by feh
Wed Apr 27, 2016 11:55 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau on life-cycle finance retirement planning
Replies: 15
Views: 1907

Re: Wade Pfau on life-cycle finance retirement planning

Pfau's recommendations remind me of Jim Otar's, who recommends SPIAs much more heavily than most of the investing community.

It would seem to me this makes early retirement more difficult; you'd need a bigger pile of money at the start, no?
by feh
Wed Apr 27, 2016 11:45 am
Forum: Investing - Theory, News & General
Topic: Why not ETFs?
Replies: 57
Views: 3610

Re: Why not ETFs?

One advantage of ETFs that I've encountered is tax loss harvesting. Many mutual funds have a minimum holding period (60/90 days) that can prevent one from selling them at a loss. This is now 30 days for Vanguard, which matches the wash sale period that would prevent you from going back into the sam...
by feh
Wed Apr 27, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: Why not ETFs?
Replies: 57
Views: 3610

Re: Why not ETFs?

One advantage of ETFs that I've encountered is tax loss harvesting. Many mutual funds have a minimum holding period (60/90 days) that can prevent one from selling them at a loss.

That being said, the vast majority of our portfolio is in mutual funds.
by feh
Mon Apr 25, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating to a tax free state with good weather need advice
Replies: 97
Views: 8126

Re: Relocating to a tax free state with good weather need ad

uncaD wrote:Consider states like Arizona and Colorado that have (low-ish) income taxes but have much lower property taxes than states with no income taxes like Texas and Florida.


Our retirement state will be CO. Good weather, low (but not no) state tax.
by feh
Wed Apr 20, 2016 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Any problems with netspend
Replies: 23
Views: 2097

avoiding inactivity fee

A couple questions regarding avoiding the inactivity fee:

- activity needs to occur at least every 90 days, correct?
- is there a minimum amount for the transaction to "count"?
- does it matter if the transaction is a debit or credit?

Thanks!
by feh
Tue Apr 19, 2016 11:39 am
Forum: Investing - Theory, News & General
Topic: What is "wrong" with having more funds in a portfolio?
Replies: 70
Views: 3652

Re: What is "wrong" with having more funds in a portfolio?

The answer is I had been burned in the past with investing all of my money in a few (five or fewer) individual stocks, mostly IPOs and startup companies and other very speculative investments, and as you can imagine, it didn't turn out so well. After being scared out of investing for a few highly p...
by feh
Mon Apr 18, 2016 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: What expected % return should a longterm investor use?
Replies: 50
Views: 4624

Re: What expected % return should a longterm investor use?

David Jay wrote:I use 9% for my stock allocation and 4% for my bonds (I want to be conservative).


That doesn't strike me as conservative...
by feh
Mon Apr 18, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 4072

Re: How Did You File Your Income Taxes for 2015?

Had used TaxAct the last several years; switched to TT this year because Fidelity gave it to me for free.

Filed electronically.
by feh
Fri Apr 15, 2016 11:51 am
Forum: Investing - Theory, News & General
Topic: BEST Portfolio Tracker
Replies: 33
Views: 2483

Re: BEST Portfolio Tracker

I've not used Morningstar before, but I'm curious and may use it to track our portfolio. Does anyone know if I need to manually add reinvested dividends? Or will Morningstar's software handle that? I update the number of shares manually after dividends/cap gains are reinvested. Not sure if there is...
by feh
Wed Apr 13, 2016 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds before end of the month?
Replies: 20
Views: 3633

I Bonds before end of the month?

Anybody know what the next variable rate will be on I Bonds? The new rate goes into effect May 1st, correct?
by feh
Thu Apr 07, 2016 3:36 pm
Forum: Personal Consumer Issues
Topic: Concrete or Asphalt driveway?
Replies: 35
Views: 2504

Re: Concrete or Asphalt driveway?

We have lived at our home for 22 years with a 1/3 mile long gravel driveway. One item on our wishlist is to pave it and we are in the process of getting quotes. Based on them, the cost for concrete is about 10-15% higher than asphalt. Given the hilly and curvy terrain, a friend (that paves using as...
by feh
Thu Apr 07, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Owe on state taxes - send in voucher?
Replies: 8
Views: 662

Re: Owe on state taxes - send in voucher?

We owed $8 on my state taxes this year - I've never owed before. There was a voucher that I could have printed out at the end of doing my taxes that said "mail in with your payment." But somewhere else on the document it said something along the lines of it not being needed if you submitt...
by feh
Mon Apr 04, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: When is it ok to splurge?
Replies: 83
Views: 7716

Re: When is it ok to splurge?

Detroittl wrote:
I really want this boat but it would set me back 100k and a few years of early retirement. Am I crazy or stupid or both ?


IMO, this would be a terrible purchase.
by feh
Fri Apr 01, 2016 7:39 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 612898

Re: U.S. stocks in freefall

These huge gyrations in market this year are good reminders to always stay invested. ........... Getting tempted to sell this rally and wait for corrction ? I don't understand how you can make those two statements in the same paragraph. The first statement is theory/ideal choice. Second statement i...
by feh
Thu Mar 31, 2016 1:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 612898

Re: U.S. stocks in freefall

prettybogle wrote:These huge gyrations in market this year are good reminders to always stay invested.
........... Getting tempted to sell this rally and wait for corrction ?


I don't understand how you can make those two statements in the same paragraph.
by feh
Wed Mar 30, 2016 3:37 pm
Forum: Personal Consumer Issues
Topic: Updates on the status of Linux
Replies: 70
Views: 4353

Re: Updates on the status of Linux

Been running linux at home (and work) for 20 years now.

Might want to give Linux Mint (with the Cinnamon desktop) a try. Very easy for newbies; you can run it from the DVD without installing anything to see what you think.

https://www.linuxmint.com/
by feh
Wed Mar 30, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: taxes: capital loss carryover question
Replies: 8
Views: 491

Re: taxes: capital loss carryover question

livesoft wrote:It will depend on whether the $5K in mutual funds capital gains distributions are long-term or short-term. This is because mutual fund short-term capital gains distributions are not treated as short-term capital gains.

So let us know.


The cap gains were long term. The losses were short term.
by feh
Wed Mar 30, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: taxes: capital loss carryover question
Replies: 8
Views: 491

taxes: capital loss carryover question

Let's say I had $20K in capital losses in 2015. And $5K in capital gains (as a result of mutual fund distributions, not from selling anything).

$3K can be deducted from 2015 income.

Question - what amount do I have left to use in future years? $17K or $12K?
by feh
Wed Mar 30, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 5707

Re: What is your current Cash to Investment ratio?

chicagoan23 wrote:For those who are at less than 1% or so in cash--what do you use for emergency savings?


1% of our portfolio is our emergency fund.
by feh
Wed Mar 30, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 5707

Re: What is your current Cash to Investment ratio?

Varies a bit over time, but usually close to 1%.
by feh
Wed Mar 30, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 8143

Re: Investing Young + LBYM = No Corp Ladder

And what I've concluded is that, very simply... a good career, a spouse with the same, investing early and often, and always LBYM... means I really don't need to concern myself with that sort of stress and pressure. I'm a good example of this path. Been writing software since graduating college 28 ...
by feh
Tue Mar 29, 2016 11:37 am
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 7174

Re: TIPS Anyone?

edit--let me clarify that last statement. If I were in the last few years of my accumulation stage, planning on retiring and needing to withdraw from my portfolio. I would certainly consider starting a TIPs ladder. I bought into a TIPS fund last year in anticipation of retirement (this year or next...
by feh
Sun Mar 20, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: K-1, TurboTax vs TaxAct
Replies: 3
Views: 282

Re: PSA: K-1, TurboTax vs TaxAct

There are three options for calculating the DAPD. 1. The Small business simplified overall method, 2. the simplified deduction method and 3. the Section 891 method. You'll have to read the instructions to see which you qualify for. You get to pick the method on Form 8903. I would go into Form Mode ...
by feh
Sun Mar 20, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: K-1, TurboTax vs TaxAct
Replies: 3
Views: 282

PSA: K-1, TurboTax vs TaxAct

I've been using TaxAct for several years now. I am a member of an LLC, so I have to enter data from a K-1. As a Fido customer, I was given TurboTax for free this year, so I entered our taxes in both systems to see if they came out the same. Turns out TT handled the deductions related to Domestic Pro...
by feh
Tue Mar 15, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: mechanics of a back door roth
Replies: 8
Views: 452

Re: mechanics of a back door roth

DSInvestor wrote:
If you do not do any conversions in 2016 or do not consume all IRA basis in 2016, then the IRA basis carries forward to 2017 and beyond to help reduce the taxable amounts of conversions and withdrawals in the future.


Gotcha. Thanks for the info!
by feh
Tue Mar 15, 2016 10:42 am
Forum: Investing - Help with Personal Investments
Topic: mechanics of a back door roth
Replies: 8
Views: 452

Re: mechanics of a back door roth

DSInvestor wrote:That carry forward of the IRA basis will allow you to convert the basis tax free in tax year 2016.


I assume this is only true if I'm eligible for a Roth in 2016, right?
by feh
Tue Mar 15, 2016 10:10 am
Forum: Investing - Help with Personal Investments
Topic: mechanics of a back door roth
Replies: 8
Views: 452

Re: mechanics of a back door roth

DSInvestor wrote:I agree with JW-Retired. You should be converting to Roth IRA not recharacterizing the contribution.


Understood. Sorry for the confusion regarding terminology.
by feh
Tue Mar 15, 2016 9:34 am
Forum: Investing - Help with Personal Investments
Topic: mechanics of a back door roth
Replies: 8
Views: 452

mechanics of a back door roth

So, I've opened an IRA an Vanguard. Funding is in progress (just cash, no funds purchased yet).

All I need to do is recharacterize it as a Roth, correct? Can I do that through the V* web site? Does the order of purchasing a fund/recharacterizing matter?

Thanks!
by feh
Thu Mar 10, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help with personal taxes related to new LLC
Replies: 6
Views: 470

Re: Help with personal taxes related to new LLC

In our case, we control the LLC (my wife and her biz partner) so the K-1 would have to be generated by us. Is there software (taxact?) that helps with K-1 generation? Taxact handles the other side - income received by the members of the LLC. I can't help you with the K-1 authoring. I imagine that w...
by feh
Thu Mar 10, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a Big House as an Inflation Hedge
Replies: 67
Views: 5039

Re: Keeping a Big House as an Inflation Hedge

flyingaway wrote:Since the inflation has been very low for the past many years, people have forgotten to hedge against inflation. This might be the time to think about inflation.


That's what TIPS are for.
by feh
Thu Mar 10, 2016 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help with personal taxes related to new LLC
Replies: 6
Views: 470

Re: Help with personal taxes related to new LLC

I can't answer the questions regarding expenses, but I've used taxact the last several years to report my LLC income. You just need the K-1 provided by the LLC.
by feh
Wed Mar 09, 2016 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do most of you plan to retire "full-time"?
Replies: 126
Views: 10704

Re: Do most of you plan to retire "full-time"?

I've been lining up my full-time retirement date of April 2016 for 2 years now. As the date approached, I have shifted to requesting part-time (2 days/week) instead. Mostly because I think it will be less of a shock. Assuming I enjoy the additional free time, I envision going cold turkey in about a ...
by feh
Tue Mar 08, 2016 1:01 pm
Forum: Investing - Theory, News & General
Topic: Pay and investment for 5 yo child
Replies: 39
Views: 3078

Re: Pay and investment for 5 yo child

I'm in agreement that this doesn't sound legal, unless you can convince someone that you'd pay $6800 to a non-family 5 year old model for your advertisements. That sounds much above fair market rate. Definitely wouldn't be worth the time, complexity, possible audit/ bad karma to me. I would just pa...
by feh
Fri Mar 04, 2016 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead Awakening - Need A Little Guidance
Replies: 13
Views: 1439

Re: Boglehead Awakening - Need A Little Guidance

cheapsuits wrote:Here's what I'm considering doing:

FUSVX Spartan® 500 Index (exp. rat. 0.07%) 75%
FSEVX Spartan® Extended Market Index (exp. rat. 0.07%) 25%


I think this is an excellent plan, as long as you don't sell if/when the value drops.
by feh
Tue Feb 23, 2016 12:45 pm
Forum: Personal Consumer Issues
Topic: Do I need an awesome smartphone?
Replies: 73
Views: 4641

Re: Do I need an awesome smartphone?

I also have a Moto G. It does everything I need it to do. No way I'm spending hundreds on a larger/newer phone. Complete waste of money.

I can't believe how much money people spend on their phones. Not just the device itself, but the monthly service plans. I have Ting for about $15 per month.
by feh
Mon Feb 22, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: tax question: more than $3000 for cap losses deduction?
Replies: 9
Views: 814

Re: tax question: more than $3000 for cap losses deduction?

Hi folks. I started doing my taxes this weekend, using TurboTax. I did some tax loss harvesting last year, so have losses I can deduct from our 2015 income. I was surprised to see that TT listed our deduction from cap losses as $4200. I thought the annual max was $3000? Is there some way the $3000 ...
by feh
Mon Feb 22, 2016 10:12 am
Forum: Personal Finance (Not Investing)
Topic: tax question: more than $3000 for cap losses deduction?
Replies: 9
Views: 814

Re: tax question: more than $3000 for cap losses deduction?

You can deduct capital losses up to the amount of your capital gains plus $3,000. (1500 if married filing separately).You may be able to use capital losses that exceed this limit in future years. For details,see the instructions for line 21 on page D-9. https://www.irs.gov/pub/irs-prior/i1040sd--20...
by feh
Mon Feb 22, 2016 9:37 am
Forum: Personal Finance (Not Investing)
Topic: tax question: more than $3000 for cap losses deduction?
Replies: 9
Views: 814

tax question: more than $3000 for cap losses deduction?

Hi folks. I started doing my taxes this weekend, using TurboTax. I did some tax loss harvesting last year, so have losses I can deduct from our 2015 income. I was surprised to see that TT listed our deduction from cap losses as $4200. I thought the annual max was $3000? Is there some way the $3000 l...
by feh
Thu Feb 18, 2016 12:23 pm
Forum: Investing - Theory, News & General
Topic: Certificate of deposit vs. short-term bond fund
Replies: 30
Views: 2964

Re: Certificate of deposit vs. short-term bond fund

Are CD yields typically higher than a short-term bond fund? I'm wondering if this is an anomaly given the market's perceived weakness of banks, at least as expressed in my understanding of banks' relatively poor stock performance of late. As you've seen from all the responses, there are many factor...
by feh
Thu Feb 18, 2016 12:16 pm
Forum: Investing - Theory, News & General
Topic: Low Returns Ahead for Stocks Argument
Replies: 19
Views: 2762

Re: Low Returns Ahead for Stocks Argument

MarkBarb wrote:Bond rates are really low. Interest rates are really low. If the expected gains on stocks is still high relative to that of your alternatives, shouldn't you still be in stocks?


+1

4% is still better than 2%
by feh
Wed Feb 17, 2016 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I bother itemizing tax deductions?
Replies: 70
Views: 7336

Re: Should I bother itemizing tax deductions?

flyingbison wrote:If the standard deduction is higher than what your itemized deductions would be, then that's a free "bonus" for you.


+1

OP - consider yourself lucky.
by feh
Tue Feb 16, 2016 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pursue a Masters in Computer Science?
Replies: 60
Views: 4534

Re: Should I pursue a Masters in Computer Science?

Work experience is worth more than a masters. there are a number of programs out there designed to prepare people for working as programmers. take one of those. a comp sci degree will fill you with theory and leave you short on practice. +1 You don't need a degree to transition into a coding job. E...
by feh
Fri Feb 12, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with $13 of hobby money?
Replies: 54
Views: 2417

Re: What to do with $13 of hobby money?

By not comingle do you mean gambling winnings? No, I mean that I have like $2,730 in a bank account (made up number), and I'm saying if I go deposit the $13 to it then I'll comingle it. It's not a problem except I never appreciate the $13 again. I'm not looking to waste it on lotto tickets or anyth...
by feh
Tue Feb 02, 2016 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Nearing retirement but annual contribution still very significant
Replies: 41
Views: 3788

Re: Nearing retirement but annual contribution still very significant

Our annual savings are about 5% of our nest egg. My income has never been higher than the last couple years.

Still planning on going part-time this year.
by feh
Fri Jan 29, 2016 3:00 pm
Forum: Personal Consumer Issues
Topic: Web filter for children
Replies: 7
Views: 789

Re: Web filter for children

opendns.com
by feh
Thu Jan 28, 2016 4:11 pm
Forum: Investing - Theory, News & General
Topic: Entire Portfolio Expense Ratio
Replies: 41
Views: 2192

Re: Entire Portfolio Expense Ratio

The M* portfolio tracker provides this metric.

Ours is .17

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