Search found 63 matches

by inmymind
Sun Mar 19, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Sale of home that was also rental - tax question
Replies: 8
Views: 477

Re: Sale of home that was also rental - tax question

How was basis determined at time of conversion? Was this value higher or less than original purchase? Have you been using TT all along to track it? You might consider a CPA for this year. I can't remember off the top of my head but I believe it was either 2009 or 2007 that the rule changed so any g...
by inmymind
Sun Mar 19, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Sale of home that was also rental - tax question
Replies: 8
Views: 477

Re: Sale of home that was also rental - tax question

Lafder wrote:When did you move out of the home and when was it rented?
lafder


I moved out of the home in April 2014 and rented it out beginning in May 2014.
by inmymind
Sun Mar 19, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Sale of home that was also rental - tax question
Replies: 8
Views: 477

Re: Sale of home that was also rental - tax question

For the basis I used the amounts per the county tax appraisal as this was very close to purchase price at the time I bought. It also had the amounts broken out for the building and land. TT (or me) was screwing up on the land basis. For some reason they were showing it as $0 value at time of sale, s...
by inmymind
Sun Mar 19, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: 2.25% High Yield Checking - FSCU
Replies: 11
Views: 1672

2.25% High Yield Checking - FSCU

I received a mailer about opening a checking account with First Service Credit Union. Here are the details: 2.25% APY for balances up to $20,000 To get that rate you have to do 3 things 1. Receive estatements 2. Have at least one direct deposit of $500 or more 3. Make at least 10 signature based tra...
by inmymind
Sat Mar 18, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Sale of home that was also rental - tax question
Replies: 8
Views: 477

Sale of home that was also rental - tax question

I have a sale of home to report on taxes this year. This was my main home for 5 years. I acquired the property 2009. After moving out, we converted the property to a rental, then sold at a gain in 2016. I received a 1099-S which just shows the full sales price and the date of sale. Based on everythi...
by inmymind
Mon Mar 13, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Utility Bills - How do ours compare?
Replies: 44
Views: 3413

Re: Utility Bills - How do ours compare?

Location: Gulf Coast TX 2900 sq ft single story, built in 2012 and pretty energy efficient 3 people Electric min/max/avg: 33/140/75 Gas: 19/40/23 Water/sewer/trash is bundled: 51/118/66 2016 Annual Total: $1,964 Internet (25 Mbps): $41. I wish the cable companies were as regulated as other utilities...
by inmymind
Thu Feb 16, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Three-Fund Portfolio in Bogleheads book?
Replies: 4
Views: 686

Re: Three-Fund Portfolio in Bogleheads book?

Anyone have any knowledge or information on this?
by inmymind
Wed Feb 15, 2017 11:03 am
Forum: Investing - Theory, News & General
Topic: Three-Fund Portfolio in Bogleheads book?
Replies: 4
Views: 686

Re: Three-Fund Portfolio in Bogleheads book?

Well, it is in the wiki https://www.bogleheads.org/wiki/Three-fund_portfolio and on the forum https://www.bogleheads.org/forum/viewtopic.php?t=88005 start with just the first post and it's associated links for that thread I'm aware of the wiki and the thread you've linked, but neither of those expl...
by inmymind
Wed Feb 15, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: Three-Fund Portfolio in Bogleheads book?
Replies: 4
Views: 686

Three-Fund Portfolio in Bogleheads book?

I have read the Bogleheads Guide to Investing , recommended it to friends and family, and gifted several copies as well. I think it is a tremendous book and resource. As I was discussing the Three-Fund portfolio with a family member, they asked where that was covered in the book as they could not fi...
by inmymind
Fri Jan 27, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Warning: Max out 401k early - lose some of the match
Replies: 32
Views: 2080

Re: Warning: Max out 401k early - lose some of the match

This happened to me the first year at my current employer. Luckily, I received a letter stating that they were doing the true-up and I received what I was due, but it is my understanding that this is not a requirement and not all companies perform a true-up. If I were you OP, I would just check this...
by inmymind
Sun Jan 15, 2017 9:41 pm
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 346
Views: 55937

Re: What are Costco's best deals?

Interesting thread. I used to avoid Costco as I wasn't keen on bulk purchasing or paying to shop, but two things have changed my mind recently. 1. I have been on a budget analysis kick lately and one of the tasks was to make a list of the grocery and household good staples that my family purchases. ...
by inmymind
Thu Dec 22, 2016 10:42 am
Forum: Investing - Theory, News & General
Topic: Fortune Article - Vanguard Flexes Its Muscle
Replies: 43
Views: 5545

Re: Fortune Article - Vanguard Flexes Its Muscle

A fascinating article because I always wondered if I was becoming too critical of Vanguard as they do this "growth at any cost" thing. Having read this, it actually supports what I have been seeing for the last 3-4 years: ⋅ The personal financial advice has become useless. They ...
by inmymind
Wed Dec 21, 2016 10:25 am
Forum: Investing - Theory, News & General
Topic: Fortune Article - Vanguard Flexes Its Muscle
Replies: 43
Views: 5545

Fortune Article - Vanguard Flexes Its Muscle

There is an interesting article in Fortune's December 15, 2016 print magazine that every Boglehead should read. The article is titled "Fund Giant Vanguard Flexes Its Muscle". http://fortune.com/vanguard-mutual-funds-investment/ Here are some of the highlights: - Vanguard's assets under man...
by inmymind
Mon Dec 05, 2016 1:32 pm
Forum: Personal Consumer Issues
Topic: Men's Fashion - Best Bang for Buck
Replies: 79
Views: 7518

Re: Men's Fashion - Best Bang for Buck

Several folks have mentioned Costco. The Kirkland dress shirts (no iron) can't be beat. Surprised no one has mentioned JC Penney. Their in house brand (St. John's) has some really high quality stuff that looks great and is very easy on the wallet. In warmer weather I wear the St. John's polos almost...
by inmymind
Wed Nov 23, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Help with understanding Dependent Care FSA
Replies: 6
Views: 610

Re: Help with understanding Dependent Care FSA

I have been doing this for couple years as explained above. As a follow up question, is there really any difference between utilizing the dependent care FSA, or just claiming the 5000 deduction on your taxes each year? I'm just wondering if there isn't much of a difference, if its worth the hassle,...
by inmymind
Wed Nov 23, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Help with understanding Dependent Care FSA
Replies: 6
Views: 610

Re: Help with understanding Dependent Care FSA

Instead of using the FSA to pay your provider, use the FSA to reimburse you. You can submit receipts, and they should be paying those receipts back to you as the money is deposited into the account. They won't pay you until the money is in the account, but the charge can be incurred at any time dur...
by inmymind
Tue Nov 22, 2016 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Help with understanding Dependent Care FSA
Replies: 6
Views: 610

Help with understanding Dependent Care FSA

I am familiar with the healthcare FSA but not the Dependent Care FSA. In reading topics on this, the dependent care FSA is different from the healthcare FSA in that there must be funds in the account in order to be reimbursed those amounts. In other words, if I'm starting the dependent care FSA for ...
by inmymind
Mon Nov 14, 2016 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Voya Accident Insurance - Thoughts?
Replies: 3
Views: 436

Re: Voya Accident Insurance - Thoughts?

Fair enough. Thanks for the quick replies. I have company provided basic life and AD&D that equals two times base. I was mulling over the whole PPO vs HDHP with HSA and leaning towards the latter option, which is then why I wondered if that may be a good hedge against the higher potential health...
by inmymind
Mon Nov 14, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Voya Accident Insurance - Thoughts?
Replies: 3
Views: 436

Voya Accident Insurance - Thoughts?

Does anyone have experience with Accident Insurance and specifically, any experience with Voya Accident Insurance? My company is offering this as an option this year for our open enrollment. This is the first year they are offering the HDHP with HSA. The pitch was that the Accident Insurance could b...
by inmymind
Thu Nov 03, 2016 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Househould spending analysis
Replies: 17
Views: 2180

Re: Househould spending analysis

I was also curious to hear some ways that people were able to effectively and efficiently reduce their household expenses. Any better methods out there than bucketing by category and cutting back in those areas? inmymind, http://www.investopedia.com/terms/p/payyourselffirst.asp Don't budget. Do &qu...
by inmymind
Mon Oct 31, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Househould spending analysis
Replies: 17
Views: 2180

Househould spending analysis

I'm going through and doing an analysis of my household spending with the goal of doing some belt tightening due to my current employment in the oil and gas industry. My household consists of two adults and a toddler. We live in what most would consider a lower cost of living area in TX. We use one ...
by inmymind
Tue Sep 13, 2016 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Costco Visa transition - effect on credit score
Replies: 15
Views: 1661

Re: Costco Visa transition - effect on credit score

Mine took a nosedive from June to July (-23 pts). It corrected in August. The Costco card change was the only thing I had during this period. It shouldn't have happened though. Luckily I wasn't buying any cars/houses in July, otherwise I would've been pretty ticked off. Has anyone talked to Citi or ...
by inmymind
Mon Aug 15, 2016 8:54 am
Forum: Investing - Theory, News & General
Topic: Bloomberg article on Vanguard's Gerry O'Reilly
Replies: 13
Views: 1494

Bloomberg article on Vanguard's Gerry O'Reilly

I found this to be an interesting article with a bit more insight into the management of Vanguard's Total Stock Market Index Fund by Gerry O'Reilly. I wrongly assumed that the management of this fund was more automated, but sounds as if that is certainly not the case. Enjoy. http://www.bloomberg.com...
by inmymind
Mon Jul 18, 2016 10:41 am
Forum: Personal Consumer Issues
Topic: Mother was victim of online virus scam - How can she recover the money she paid?
Replies: 56
Views: 5711

Re: Mother was victim of online virus scam - How can she recover the money she paid?

Ransomware - that's what this is referred to. Ransomware attacks are proliferating and are becoming quite sophisticated. The perpetrators are normally going after company owned computers because they know where the money is and who will pay, but these guys don't discriminate. A lot of this is Russia...
by inmymind
Mon Jul 11, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 26671

Re: Where were you financially when you were at 30?

OP, don't worry about where you stand in relation to others, only to where you stand in relation to your personal goals. Even on a forum such as this with like-minded individuals, we all have vastly different backgrounds and situations. You're young and have already discovered this site and evaluati...
by inmymind
Mon Jun 27, 2016 1:06 pm
Forum: Investing - Theory, News & General
Topic: Plunge and Panic-Do You Get It Now?
Replies: 108
Views: 13432

Re: Plunge and Panic-Do You Get It Now?

When the S&P or Dow is back to a new high the posts asking Why should I not be 100% in stocks? will start up again, like clockwork. (And the "I missed the rally, what should I do now?" posts also will show up.) I had a good chuckle after reading this. A lot of good, rational discussio...
by inmymind
Wed Jun 22, 2016 10:34 am
Forum: Personal Consumer Issues
Topic: Headphones, consumerism, and escalation of "needs"
Replies: 55
Views: 5098

Re: Headphones, consumerism, and escalation of "needs"

This is what's been referred to as the paradox of choice. We now have so many options for each item, that they become overwhelming and can lead to anxiety. There was a book written about this by Barry Schwartz. I don't have OCD, but have been known to research before buying to a point that it dimini...
by inmymind
Thu Jun 16, 2016 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Sale of home 1099-S
Replies: 7
Views: 646

Re: Sale of home 1099-S

Not a problem. Don't bother with the title company. Just fill out the schedule D input worksheet (8429?) with an adjustment to make it come out with zero gain or loss. I do tax counseling for AARP TaxAide and see this a lot. Yea, I suppose it's not a big deal that the title company is issuing the 1...
by inmymind
Thu Jun 16, 2016 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Sale of home 1099-S
Replies: 7
Views: 646

Sale of home 1099-S

I am set to close on a home next week. I am married and the sale is less than $500K. I meet all of the requirements for full exclusion. The title company says they are going to issue a 1099-S regardless. The IRS does not require them to do so, but since they are issuing it, the IRS will receive a co...
by inmymind
Wed Jun 08, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Are Rentals As Bad As Some Make Them Out To Be?
Replies: 66
Views: 6323

Re: Are Rentals As Bad As Some Make Them Out To Be?

This is one of those areas where you don't know until you try it. Then, you either like it or don't. I'm in the process of selling my one rental. I rented it out for a few years and had enough time to experience being a landlord and decided that wasn't my cup of tea. But I wouldn't have known that u...
by inmymind
Tue Jun 07, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: 401k non-public fund - no dividends?
Replies: 3
Views: 256

Re: 401k non-public fund - no dividends?

NonnyGoGo wrote:I have one of those and I found this article helpful - https://thefinancebuff.com/collective-trust-vs-mutual-fund-whats-the-difference.html


That was very helpful. Thanks!
by inmymind
Tue Jun 07, 2016 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: 401k non-public fund - no dividends?
Replies: 3
Views: 256

401k non-public fund - no dividends?

I have a less than desirable 401k option at my company. One of the few funds that has low ER and tracks a broad index (S&P 500), is a fund that Wells Fargo is telling me is "non-public" fund. There is no ticker and the investment literature on this fund is limited to a one page summary...
by inmymind
Wed Jun 01, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Feedback on My FIRE Age Calculator
Replies: 21
Views: 2749

Re: Feedback on My FIRE Age Calculator

Does this calculator assume that you are maxing out your retirement account options? If not, you may want to put something on there to cover that, especially since you have that as kicking in at 60. This presume that there is something in those accounts, not just SS correct?
by inmymind
Wed Jun 01, 2016 12:59 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle will Appear on Webinar [June 15]
Replies: 66
Views: 6058

Re: Jack Bogle will Appear on Webinar

I just received the email notification from Vanguard for the Jack Bogle webinar. It's now open for registration for anyone interested.
by inmymind
Wed Jun 01, 2016 9:06 am
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 66
Views: 6282

Re: Moving to North Carolina from NYC

Don't move! You won't like it. It's a horrible place. We, native Tar Heels, are all a bunch of backwoods hillbillies and will frustrate you in every endeavor. We can't drive. We talk too slow. We think the apocalypse is upon us when it threatens snow. The weather is unbearable and you can rarely enj...
by inmymind
Thu May 19, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants Moving Out - Sell or Keep Renting (Still in Capital Gain Exclusion)
Replies: 9
Views: 840

Re: Tenants Moving Out - Sell or Keep Renting (Still in Capital Gain Exclusion)

The exclusion can be prorated, but per IRS rules, for you to qualify you would have to demonstrate that you were forced to move for illness or job-related reason.

However, it does look like you exclusion window has already expired.

What is your accountant seeing that I'm not?
by inmymind
Wed May 11, 2016 4:40 pm
Forum: Personal Consumer Issues
Topic: Vacation Ideas, Summer, Kids, California/Mexico/Texas?
Replies: 25
Views: 2918

Re: Vacation Ideas, Summer, Kids, California/Mexico/Texas?

Another NO for TX. I live in the Houston area. In July/August, I usually try and find some place that still has snow and go bury my head in it. Plus, Houston is a terrible vacation spot unless you just like big cities. Austin is ok, but not in July/Aug. CA - I'd go more North. San Fran, then over to...
by inmymind
Sun Apr 24, 2016 1:05 pm
Forum: Personal Consumer Issues
Topic: How many "subscriptions" do you have?
Replies: 50
Views: 5057

Re: How many "subscriptions" do you have?

Keep the Costco, cell phone and Netflix. Everything else should be easy to get rid of. Angies List - just talk to friends to get referrals on services. OnStar - with the cell phone I can't think of any reason you'd really have to have this. Airline cc - I'd drop this for a solid cash back rewards cc...
by inmymind
Wed Apr 06, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Insurance short changing on hail claim - help!
Replies: 3
Views: 462

Insurance short changing on hail claim - help!

I recently submitted an insurance claim for hail damage to my roof. The insurance company sent out an adjuster to my house to assess the damage. I had a roofing contractor there as well so that I could obtain a quote at the same time. The insurance adjuster came back with a report stating that they ...
by inmymind
Wed Mar 09, 2016 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge - Good for trading?
Replies: 34
Views: 3193

Re: Merrill Edge - Good for trading?

I've been using Merrill Edge for about 4 months now and am happy with it so far. I have 100 trades per month, but only use 3 a month when I add to my existing positions on payday. The only downside is no Vanguard index funds, only the ETF versions. That bothers some folks, but I don't mind. I have V...
by inmymind
Thu Mar 03, 2016 2:00 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2211
Views: 610130

Re: What Book Are You Currently Reading? Part VI

I just finished In the Heart of the Sea by Nathaniel Philbrick. It tells the true story of a Nantucket whale ship, the Essex, that was sunk when a sperm whale rammed the ship multiple times. The account provided by the survivors of the Essex is what inspired Herman Melville to write Moby Dick . It w...
by inmymind
Thu Jan 28, 2016 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing to 15 year?
Replies: 12
Views: 910

Re: Refinancing to 15 year?

The only unknown is how long we will stay in the house. Currently no plans to move though. That's a pretty big unknown when it comes to a refinancing decision, and a decision between a 15 and 30 year mortgage. Might want to think that through first. I mean that no one knows the future. I plan to be...
by inmymind
Thu Jan 28, 2016 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing to 15 year?
Replies: 12
Views: 910

Re: Refinancing to 15 year?

If you haven't already, I'd try out zillow's mortgage quote feature. It gives you quotes from a large number of lenders, lets you filter on points / no cost, and is where I've found the most competitive rates whenever I've done refinancing (including one I'm in the process of doing). The zillow quo...
by inmymind
Thu Jan 28, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing to 15 year?
Replies: 12
Views: 910

Refinancing to 15 year?

I wanted to get some input on whether or not to refinance my home mortgage. I have run the numbers through some of the online sites such as bankrate for a basic break even, and I've run everything through some amortization schedules, but none of that is helping me decide. Current Mortgage: 30 year f...
by inmymind
Wed Dec 23, 2015 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for a new Boglehead
Replies: 13
Views: 1881

Re: Portfolio advice for a new Boglehead

I have decided on the three fund as this is the simplest overall approach. Example portfolio # 1 (three-fund portfolio) . Current portfolio = mid six figures, adds about $35.4k per year. The asset allocation is 20% bonds; 12%; international stocks; and 68% domestic stocks. Given the good fund selec...
by inmymind
Mon Dec 21, 2015 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for a new Boglehead
Replies: 13
Views: 1881

Re: Portfolio advice for a new Boglehead

. . . . . I suggest that you read one or two general investing books from this reading list . If you have any questions just ask. I hope that this helps. The example portfolio view was quite helpful. Thank you for taking the time to do that breakout. I just wanted to follow-up/clarify a few points....
by inmymind
Thu Dec 17, 2015 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Disability income insurance questions
Replies: 3
Views: 389

Disability income insurance questions

I've searched the forums and found some useful information, but did not see anything covering my question on disability insurance. Would there be any reason to get additional coverage outside of your employer when they are providing both short term and long term as part of your benefits package? Fro...
by inmymind
Wed Dec 16, 2015 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for a new Boglehead
Replies: 13
Views: 1881

Re: Portfolio advice for a new Boglehead

ruralavalon wrote:
inmymind wrote:Age: 32 (both)
Desired Asset allocation: 80% stocks / 20% bonds
Desired International allocation: 15% of stocks

In my opinion your desired asset allocation is within the range of what is reasonable.


.


I've added to my original post the additional information. Thanks for the feedback so far.
by inmymind
Tue Dec 15, 2015 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for a new Boglehead
Replies: 13
Views: 1881

Re: Portfolio advice for a new Boglehead

jpelder, I fully agree with your step 2 advice. Those positions were bought before the IRS rules for brokerages to track cost basis, so it appears that the transfer did me a favor on that end. For step 1, you would sell all of the individual stock positions even at the sizable loss? I would get no b...
by inmymind
Mon Dec 14, 2015 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for a new Boglehead
Replies: 13
Views: 1881

Portfolio advice for a new Boglehead

Dear Bogleheads, I am seeking advice on how to simplify my portfolio. I'm fairly new to this site, and spending any time on my investments in general. As far as the Boglehead philosophy, discovering this was like an apple falling on my head. It makes too much sense. I have the first step checked off...

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