Search found 1626 matches

by island
Sat Apr 29, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Old 401ks and Backdoor Roth. What to do?
Replies: 8
Views: 324

Re: Old 401ks and Backdoor Roth. What to do?

If fund choices and expenses are better just leave the 401K as is. My DH did that with an old 401K. Left it in place for probably 15 years! Company was bought a few times and the 401K custodians also changed, but there was never a problem with those changes or keeping track of it. Not like he was ob...
by island
Tue Apr 25, 2017 8:29 pm
Forum: Personal Consumer Issues
Topic: co-worker had a baby, chipping in on gift- how much?
Replies: 57
Views: 3012

Re: co-worker had a baby chipping in on gift- how much?

$20 seems reasonable, I'd have no problem with that, but as you can see from the responses many do, for various reasons.
Best to ignore the opinions of anonymous strangers on the internet and make up your own mind.
by island
Sun Apr 23, 2017 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is this tax deductible?
Replies: 19
Views: 1240

Re: Is this tax deductible?

FYI - I fixed the thread title spelling from "deductable" to "deductible". OMG thank you; I didn't catch that! And of course it's repeated at the top of every reply. :oops: Is that something I could corrected myself? In a different thread I started, I tried to add UPDATE to the ...
by island
Sun Apr 23, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is this tax deductible?
Replies: 19
Views: 1240

Re: Is this tax deductible?

No. You cannot deduct being nice from your taxes. Hmmm, something you shouldn't have to worry about. Thanks for the snarky response. :twisted: I'm sorry it was misinterpreted. I actually thought you were pulling my leg and my response was meant in jest. The IRS has specific rules regarding charitab...
by island
Sun Apr 23, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 18655

Re: Any regrets living a frugal life for high income/high networth individuals?

I regret that I DID NOT live a frugal lifestyle from the age of 29-34. Those were the first 5 years of attending salary after residency. We could have easily paid off all my student loans and put a very nice chunk of change into retirement accounts. Instead we upgraded our lifestyle with a big fixe...
by island
Sun Apr 23, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is this tax deductible?
Replies: 19
Views: 1240

Re: Is this tax deductible?

I would say no. First, you can't deduct gifts to individuals. Second, even if it were gifts to the AL Home, that organization is probably not a 501(c)(3) org. Thanks for the info. Yes I'm not sure how the org is classified. Yesterday she told me the owner mentioned she hopes to add a large screened...
by island
Sun Apr 23, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is this tax deductible?
Replies: 19
Views: 1240

Re: Is this tax deductible?

Artsdoctor wrote:No. You cannot deduct being nice from your taxes.

Hmmm, something you shouldn't have to worry about. Thanks for the snarky response. :twisted:
by island
Sun Apr 23, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is this tax deductible?
Replies: 19
Views: 1240

Is this tax deductible?

Friend has an elderly relative who lives in a small assistive living facility, 15-20 residents. Visits frequently and its morphed into basically volunteering time, which I know is not tax deductible. As she's gotten to know the residents she's doing more, spending time with them and running errands ...
by island
Sat Apr 22, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: TLH question please. Doing my taxes.
Replies: 10
Views: 863

Re:UPDATE. TLH question please. Doing my taxes.

Hi everyone. Just wanted to say thanks for your help! Like some of you suggested, I took the plunge and imported the 1099-B. So the covered shares were entered for me and seeing what that looked like along with the Turbo Tax instructions, made it easy for me to complete the section for non-covered s...
by island
Mon Apr 17, 2017 1:03 am
Forum: Personal Finance (Not Investing)
Topic: TLH question please. Doing my taxes.
Replies: 10
Views: 863

Re: TLH question please. Doing my taxes.

Can't download because majority are non covered shares, purchased long before companies had to keep track of cost basis.
by island
Sun Apr 16, 2017 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: TLH question please. Doing my taxes.
Replies: 10
Views: 863

TLH question please. Doing my taxes.

Hi all I tax loss harvested in 2016. First timer for that and for selling anything in taxable actually. I think I've got the cost basis down; all shares are long term and majority are non-covered. Just started my taxes on Turbo Tax, but haven't gotten to the section to enter 1099B info for the sales...
by island
Sat Apr 15, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11001

Re: My kids don't care about saving

Are you saying they aren't saving anything for retirement at this point?
Not contributing to 401Ks etc at work or just aren't contributing beyond that, to the ROTH you started for them at VG?
by island
Sun Apr 02, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: What to see in Philly?
Replies: 32
Views: 1896

Re: What to see in Philly?

abner kravitz wrote:I would hit the Philadelphia Museum of Art and the Barnes Foundation Museum, and spend a couple of hours in each. They are very close to each other, and both are fantastic.


+1
by island
Sun Apr 02, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 23587

Re: Low-earners- What is your profession?

Well OP why not start by telling us your and your wife's profession? :D
by island
Tue Mar 28, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Daugther's Credit Card Windfall
Replies: 40
Views: 4829

Re: Daugther's Credit Card Windfall

LarryAllen wrote:Scary that any adults think this is even remotely acceptable. Sad really. I would be embarrassed if my wife tried to support such THEFT.


Couldn't agree more.
by island
Mon Mar 27, 2017 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: An Edward Jones Financial Advisor stopped by my house and spoke with my wife
Replies: 111
Views: 11684

Re: An Edward Jones Financial Advisor stopped by my house and spoke with my wife

Toons wrote:It won't change a thing.
The guy is trying to make a living.
Most people have to.
Just so happens he is in sales.
Move on :happy


Exactly. I don't understand the point of a post like this other than to stir up those that take the bait. It's all been said a million times before.
by island
Sun Mar 26, 2017 9:24 pm
Forum: Personal Consumer Issues
Topic: Does living at the beach reduce it's appeal?
Replies: 43
Views: 6124

Re: Does living at the beach reduce it's appeal?

Any of you who replied care to tell us where you're located?
by island
Sat Mar 18, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: rewriting will
Replies: 17
Views: 1194

Re: rewriting will

Does seem extreme. A new baby upsets the balance and it might take several years to come to a new equilibrium. I have no idea what has caused the rift in the OP's situation. But, I have most often seen this scenario when the grandmother chooses to apply her own opinions on child rearing instead of ...
by island
Sat Mar 18, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: rewriting will
Replies: 17
Views: 1194

Re: rewriting will

Slow down. Sounds like new baby is only on the scene for about a year? If so why not try to be understanding while the parents find their way and adjust themselves? Have you or your spouse talked to his son about how you feel? Are you sure these slights are intentional? I know many couples who just ...
by island
Sun Mar 05, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: Describe your Reasonable Dream Home
Replies: 51
Views: 3358

Re: Describe your Reasonable Dream Home

Ocean view home in San Diego County short walking distance to a swimable beach that isn't surrounded by tourist or seasonal rentals. It doesn't exist so the rest of my dream home details don't matter. Anyone else care to share WHERE there dream home is located? What town(s), state(s)? +1. Where is ...
by island
Sun Mar 05, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: Describe your Reasonable Dream Home
Replies: 51
Views: 3358

Re: Describe your Reasonable Dream Home

Ocean view home in San Diego County short walking distance to a swimable beach that isn't surrounded by tourist or seasonal rentals. It doesn't exist so the rest of my dream home details don't matter.

Anyone else care to share WHERE there dream home is located? What town(s), state(s)?
by island
Sun Mar 05, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should federal employee communicate 18 months to retirement?
Replies: 44
Views: 3381

Re: Should federal employee communicate 18 months to retirement?

Nope for the same reasons Mortfree mentioned. Plus the last sentence of your post indicates there is no upside for any of your coworkers by you announcing it now. There is just too much that can happen over 18 months. Your employer could decide to let you go sooner knowing you have one foot out the ...
by island
Sat Mar 04, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 11562

Re: Why can't I save enough to have decent vacation or restaurant meal

3 pages, over 100 posts and Saddle Up hasn't been back since posting his OP.
Must have saddled up and rode off into the sunset. Or maybe took some suggestions and found enough cash to take a decent vacation now. 8-)
by island
Fri Mar 03, 2017 3:08 am
Forum: Personal Consumer Issues
Topic: Family Hounding me to Purchase SUV or Minivan
Replies: 61
Views: 4149

Re: Family Hounding me to Purchase SUV or Minivan

Wow what a silly thing to hound you about! Why do they care, are they in the auto biz? :annoyed If that's what they talk about among themselves how sad is that? Just tell them to mind their business, you're tired of hearing their opinions about your vehicles. No song and dance or can't afford it BS....
by island
Sat Feb 18, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 7558

Re: Need advice on girlfriend debt/finances

Why is she only working 25 hours a week?
by island
Thu Feb 16, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Convince Wife for Honda Odyssey
Replies: 48
Views: 2857

Re: Convince Wife for Honda Odyssey

If you want a mini van, you get it and drive it and let her choose what she wants to drive.
by island
Thu Feb 16, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: How long do you keep your kitchen sponge?
Replies: 44
Views: 3796

Re: How long do you keep your kitchen sponge?

UncleBen wrote:Sponges are gross..


Agree. I don't use them in the kitchen
by island
Sun Feb 12, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans? (Update, Pg 3)
Replies: 123
Views: 14015

Re: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans? (Update, Pg 3)

I'm confused about "update page 2" and "update page 3" - what does that mean? How can I find just the updates? I don't want to read the entire thread again. Just read backwards on pg 3 to find the OPs February 2017 post. Also I think you can click on the OPs username to find cur...
by island
Sat Feb 11, 2017 12:03 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 319
Views: 17512

Re: Your USER NAME...what does it mean?

Nothing exotic here. I like islands and I love island vacations, preferably with fabulous tropical beaches, the more deserted the better. 8-)

Great thread. Always thought artic pineapple and myopic squirrel would be good band names.
by island
Sun Feb 05, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Income Drop / Social Security Benefits
Replies: 5
Views: 904

Re: Income Drop / Social Security Benefits

I 've wondered about this too.
Have you checked what your estimated benefit would be based on your current record? If it already shows you would receive the max, wouldn't it stay that way even if you continue to work at a reduced salary?
by island
Sun Feb 05, 2017 12:48 pm
Forum: Personal Consumer Issues
Topic: mattresses and alcohol (bourbon, scotch, whiskey)
Replies: 45
Views: 4215

Re: mattresses and alcohol (bourbon, scotch, whiskey)

Imageek2 wrote:"Mattresses and Alcohol" is a pretty good band name. :happy

Ha, yes!
by island
Sun Jan 29, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 5538

Re: Please tell me if I can afford this Porsche

Of course you can, go for it, but wouldn't you like those student loans gone first? Then you could really celebrate.
Only question that remains is what color? :D
by island
Sun Jan 29, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: where to retire?
Replies: 63
Views: 6316

Re: where to retire?

73 degrees today and sunny. Did a nice run along the beach bluffs and dropped down to the beach for another couple of miles as I watched a pod of dolphins work the coast, one picking a nice wave to surf. I'll pay the tax and keep my house, friends, and other connections. After all, THIS is why I sa...
by island
Sun Jan 29, 2017 6:01 pm
Forum: Personal Consumer Issues
Topic: where to retire?
Replies: 63
Views: 6316

Re: where to retire?

Not many bugs in NJ, just fyi. One good hard freeze in winter seems to doom them. Agree. Originally from PA and always looked forward to family vacations at the NJ Shore every summer. However now I'm spoiled by no mosquitos and rarely see a fly, but now that I think of it, ants were a pita last sum...
by island
Sun Jan 29, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax on selling your house
Replies: 11
Views: 1111

Re: Capital Gains Tax on selling your house

OP thanks for posting. I've been thinking about this recently too. We've owned the same home since '88 and have made many improvements over the years and have some questions about capital gains. If I've completely updated, changed or improved areas of my home or property more than once: kitchen, bat...
by island
Sun Jan 29, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Spouse's Old IRA, Help Please?
Replies: 7
Views: 753

Re: Spouse's Old IRA, Help Please?

All are viable options, but if it was mine, I'd go with rolling it into my current 401K if employer allowed it and if had good fund choices. It's not a lot of $, but moving it to the 401K would simplify things, one less account to keep track of. I wouldn't want an IRA because that would get in the w...
by island
Sun Jan 29, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: where to retire?
Replies: 63
Views: 6316

Re: where to retire?

If you like where you are, stay there. Don't let the tax tail wag the dog. Took the words right out of my head and couldn't agree more, especially if you live a half mile from the beach! If you love it and can afford it, stay put and enjoy it. DH and I are SoCal transplants from the Midwest and Eas...
by island
Sat Jan 28, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy my parents' house?
Replies: 12
Views: 1444

Re: Should we buy my parents' house?

A gut reno only 160K? That seems like a very low estimate unless a small home and or LCOLA.
by island
Sat Jan 28, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 48
Views: 2994

Re: Do you check your credit reports annually?

cheese_breath wrote:If you're an AAA member ProtectMyID Essential coverage comes free with your membership.


Wow, thanks for the info. I'm a AAA member and will have to check into this!
by island
Sat Jan 28, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 48
Views: 2994

Re: Do you check your credit reports annually?

OP here. Thank you all for the info. I think I'll start the new year by requesting all 3 since I doubt I'm organized enough to keep track of a schedule...yet. Why I asked? Last year I tried to sign up online for a My social security account to get an estimate of future benefits, but I couldn't get p...
by island
Sat Jan 28, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria for admittance to the 2-comma club
Replies: 79
Views: 6533

Re: Criteria for admittance to the 2-comma club

Tycoon wrote:
goingup wrote:Investable assets. I never included home, rental, pension, etc.


I subscribe to this methodology.


Me too.
by island
Sun Jan 22, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: How Long To Wait For Conversion?
Replies: 22
Views: 4449

Re: Backdoor Roth: How Long To Wait For Conversion?

Bracket wrote:1 or 2 days.

+1. Soon as the money transfer clears.
by island
Sun Jan 22, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 48
Views: 2994

Do you check your credit reports annually?

What's your strategy?
Request a free report from all three reporting agencies at the same time or check one at a time over the year?
Have you found many errors on yours and were they easy to correct?

Thanks.
by island
Mon Jan 16, 2017 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3725

Re: Retiring - "not subject to tax" 401K funds

The more I read the more it looks like even with the 2014 rule change, you still have to rollover your entire 401K balance (pre and post tax contributions) to IRAs if you want to get all of the post tax into a ROTH IRA, but talk to your administrator to be sure. I was hoping I had an inservice opti...
by island
Sun Jan 15, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3725

Re: Retiring - "not subject to tax" 401K funds

The more I read the more it looks like even with the 2014 rule change, you still have to rollover your entire 401K balance (pre and post tax contributions) to IRAs if you want to get all of the post tax into a ROTH IRA, but talk to your administrator to be sure. I was hoping I had an inservice opti...
by island
Sun Jan 15, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Over 50. What is the retirement plan contribution limit for 2017?
Replies: 6
Views: 1097

Re: Over 50. What is the retirement plan contribution limit for 2017?

Thank you. I've seen references to $54K, but haven't found anything that specifically says If that's the max for all ages or if those over 50 years old can include the $6K catch up and contribute a max of $60K. Can anyone confirm? In addition to the above, can one still do a post tax IRA Backdoor R...
by island
Sun Jan 15, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Over 50. What is the retirement plan contribution limit for 2017?
Replies: 6
Views: 1097

Re: Over 50. What is the retirement plan contribution limit for 2017?

Thank you. I've seen references to $54K, but haven't found anything that specifically says If that's the max for all ages or if those over 50 years old can include the $6K catch up and contribute a max of $60K. Can anyone confirm? In addition to the above, can one still do a post tax IRA Backdoor Ro...
by island
Sun Jan 15, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Over 50. What is the retirement plan contribution limit for 2017?
Replies: 6
Views: 1097

Over 50. What is the retirement plan contribution limit for 2017?

Mega Backdoor ROTH may be available for spouse this year and I'm trying to confirm the max contribution limit for someone over 50....or maybe it's the same for any age? Right now we both contribute $24K pre tax to 401Ks, $6500 post tax to IRAs converted to Backdoor ROTHs. Same limit as 2016. How muc...
by island
Sun Jan 15, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3725

Re: Retiring - "not subject to tax" 401K funds

The more I read the more it looks like even with the 2014 rule change, you still have to rollover your entire 401K balance (pre and post tax contributions) to IRAs if you want to get all of the post tax into a ROTH IRA, but talk to your administrator to be sure. I was hoping I had an inservice optio...

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