Search found 172 matches

by markfaix
Tue Jan 09, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: Men's no iron dress shirt recommendations
Replies: 66
Views: 3955

Men's no iron dress shirt recommendations

Looking for recommendations on men's no iron dress shirts. I wear a blazer and dress shirt to work every day and prefer not to pay for dry cleaning. This is what I've tried. Would appreciate any other suggestions: Nordstrom: excellent for non-solid colors, but solid white/blue shirts wrinkle free la...
by markfaix
Fri Dec 29, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: S Corp to C Corp for medical/personal service professionals?
Replies: 5
Views: 828

Re: S Corp to C Corp for medical/personal service professionals?

No medical training here. I run a service corporation. Beta is a reference to market beta. On the distributions question. Yes you would pay 21+24+3.8. My point there is how to minimize distributions while maintaining lifestyle. That is close to the 37% you’d pay as a top tax rate pass thru anyway. ...
by markfaix
Sat Dec 23, 2017 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: S Corp to C Corp for medical/personal service professionals?
Replies: 5
Views: 828

Re: S Corp to C Corp for medical/personal service professionals?

I’m thinking through this now. Hard to say without running the exact numbers. Here is what I’ve thought about: as S Corp can you break the practice up and have real estate in a pass through or any other potential non-service revenue streams and service revenue in a c? If not then also consider any ...
by markfaix
Sat Dec 23, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: S Corp to C Corp for medical/personal service professionals?
Replies: 5
Views: 828

S Corp to C Corp for medical/personal service professionals?

I am the sole owner/employee of an S corp medical practice. As many others do, I pay myself a reasonable salary, about half my S corp income, and take other half as a shareholder's distribution, the latter of which is free of SE tax. I'm trying to get my head around potential benefits, if any, of co...
by markfaix
Sat Dec 23, 2017 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Prepay mortgage vs invest when itemizing in alternate years
Replies: 7
Views: 836

Re: Prepay mortgage vs invest when itemizing in alternate years

I have a 10 year fixed mortgage at 3%, due to be paid off in mid-2022. I am in a 44% marginal tax bracket (high tax state), and I have typically itemized, making an effective mortgage rate of 1.68% (3%*(1-0.56)). So far, I have not prepaid the loan. However, in 2018, I will take the 24k MFJ standar...
by markfaix
Fri Dec 22, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay mortgage vs invest when itemizing in alternate years
Replies: 7
Views: 836

Re: Prepay mortgage vs invest when itemizing in alternate years

Hi Mark: will your mortgage interest be truly fully deductible in 2019? From what I can tell, for the entire mortgage interest payment to provide true tax savings, you have to have other itemized deductions of at least $24,000. Since taxes are capped at $10,000 that suggests that you need charitabl...
by markfaix
Thu Dec 21, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay mortgage vs invest when itemizing in alternate years
Replies: 7
Views: 836

Prepay mortgage vs invest when itemizing in alternate years

I have a 10 year fixed mortgage at 3%, due to be paid off in mid-2022. I am in a 44% marginal tax bracket (high tax state), and I have typically itemized, making an effective mortgage rate of 1.68% (3%*(1-0.56)). So far, I have not prepaid the loan. However, in 2018, I will take the 24k MFJ standard...
by markfaix
Tue Dec 12, 2017 11:12 pm
Forum: Personal Consumer Issues
Topic: How easy is it to minimize tax liability yourself without a CPA/accountant?
Replies: 26
Views: 2697

Re: How easy is it to minimize tax liability yourself without a CPA/accountant?

Here is a 'gray area' trick that a friend's CPA told me a long time ago. You know you need a disability insurance policy. You know that if the employer pays the premium for it and you need to avail yourself of the policy benefits, then those benefits will be taxable. If you pay the premium yourself...
by markfaix
Wed Nov 22, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Which HDHP (high deductible health plan) would you choose?
Replies: 5
Views: 454

Re: Which HDHP (high deductible health plan) would you choose?

ILnative wrote:
Wed Nov 22, 2017 11:22 am
are the deductibles embedded? that is important to consider.
Deductibles are embedded
by markfaix
Wed Nov 22, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Which HDHP (high deductible health plan) would you choose?
Replies: 5
Views: 454

Which HDHP (high deductible health plan) would you choose?

Our Family of 5 (myself, wife, 3 children ages 7-17). I'm self employed and am trying to choose between two HDHPs from the same company. I plan to contribute the maximum amount into the HSA. Wife is anticipating minor surgery next year, estimated out of pocket cost $2000 One child has a chronic medi...
by markfaix
Wed Jul 19, 2017 9:01 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 8168

Would you let your teenager spend all his savings on a gaming computer?

My son, a rising high school junior, has saved $1500 through summer jobs, chores, gifts, etc. He now wants to spend almost all of it on a gaming computer that he plans to build this summer. He has been talking about this for over a year. I am conflicted about whether we should allow him to do this. ...
by markfaix
Tue Mar 14, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: privacy issues
Replies: 7
Views: 1057

Re: privacy issues

After some research, I was deciding to open a Schwab account, and then ran into the following: 1) I was using Chrome browser and its autofill is on. I was very surprised it kept my DOB / SSN since I always assumed it only keeps phone/address etc. What damage did I potentially do, and what should I ...
by markfaix
Mon Mar 13, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 491
Views: 63055

Re: Quicken's future direction - a cause for concern

Unfortunately, looking at what happened to Quicken and the competing products, there just doesn't seem to be that many that want to track their expenses and investments at that level. Most people get their IRA/401k or whatever statement quarterly, look at it, and then throw it in the trash. Most pe...
by markfaix
Mon Mar 13, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Back door Coverdell for higher incomes - [White Coat Investor]
Replies: 4
Views: 694

Re: Back door Coverdell for higher incomes - [White Coat Investor]

ESA expenses can also be lower than a 529. Even Utah's super low cost 529 has higher expenses than can be had in the Vanguard ESA. "Vanguard no longer opens new ESAs (also known as "Coverdell ESAs"), nor do we allow new ESAs to be created with money from an account transfer." https://personal.vangu...
by markfaix
Mon Mar 13, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Back door Coverdell for higher incomes - [White Coat Investor]
Replies: 4
Views: 694

Re: Back door Coverdell for higher incomes - [White Coat Investor]

Dr Dahle included in his monthly newsletter, not his website. Here is the relevant portion below. The idea of the S corp is from my reading of the tax code: Tip of the Month This month I thought it would be fun to talk about a Coverdell Education Savings Account, or ESA. This is the little brother o...
by markfaix
Mon Mar 13, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Back door Coverdell for higher incomes - [White Coat Investor]
Replies: 4
Views: 694

Back door Coverdell for higher incomes - [White Coat Investor]

In the most recent WCI newsletter, Dr Dahle wrote about a backdoor Coverdell if your annual income exceeds the limits to fund one. You can gift the money to your child and have him/her fund the Coverdell from their UTMA. The tax code also allows Coverdell contributions from corporations regardless o...
by markfaix
Thu Feb 02, 2017 12:21 am
Forum: Investing - Theory, News & General
Topic: Does credit risk show up at the wrong time? [A look at 89 years of corporate bond data]
Replies: 42
Views: 3990

Re: Does credit risk show up at the wrong time? [A look at 89 years of corporate bond data]

Lackey and Kevin Yes I am well aware that the higher yield creates bit low duration, and so does the call risk---and thus it understates the credit premium but then overstates the term premium earned by the same bonds. In other words the returns are the same, but where you attribute the return to i...
by markfaix
Wed Feb 01, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: Ilmanen/AQR new method (and figures) for stock return forecasts: variants on earnings yield and DDM yield
Replies: 24
Views: 1943

Re: Ilmanen/AQR new method (and figures) for stock return forecasts: variants on earnings yield and DDM yield

markfaix Have it backwards. OIL specifically has been in large CONTANGO for most of the last 8 years or so, and when commodities are in contango they tend to have poor returns---that's simply another version of the carry trade (buy what's cheap and sell what's expensive, with definition being cheap...
by markfaix
Mon Jan 30, 2017 11:08 pm
Forum: Investing - Theory, News & General
Topic: Ilmanen/AQR new method (and figures) for stock return forecasts: variants on earnings yield and DDM yield
Replies: 24
Views: 1943

Re: Ilmanen/AQR new method (and figures) for stock return forecasts: variants on earnings yield and DDM yield

Thank you for posting lack_ey. With your caveats noted in the OP, I'll post the info everyone wants! ;-) Our current estimate for the long-run real return of U.S. equities is 4.2%, somewhat lower than most other developed markets (average 4.6%) and emerging markets (5.4%). Our current estimate for ...
by markfaix
Mon Jan 30, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage CD ladders - worth the hassle over bond funds?
Replies: 5
Views: 1238

Re: Brokerage CD ladders - worth the hassle over bond funds?

In a Roth I would look at brokered CD's, if your broker doesn't offer them I would change brokers. Fidelity will setup an entire ladder in 2 clicks, so I'm not sure what the hassle is. That being said, just like bonds / bond etfs, the value on your statement will fluctuate with interest rates. My R...
by markfaix
Mon Jan 30, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage CD ladders - worth the hassle over bond funds?
Replies: 5
Views: 1238

Brokerage CD ladders - worth the hassle over bond funds?

After reading various threads about CDs and posts/columns by Larry Swedroe and other gurus, I started to look into buying brokerage CDs in my Roth IRAs for the fixed income part of my portfolio. I couldn't believe the large number of new issue and secondary market CDs offered! For a goal 10 year CD ...
by markfaix
Wed Jan 25, 2017 8:47 pm
Forum: Investing - Theory, News & General
Topic: Swedroe's guidelines to Bonds
Replies: 113
Views: 10470

Re: Swedroe's guidelines to Bonds

markfaix If going to take corporate risk one place to do it is short end (the other is with fallen angels) where don't have anywhere near the default risk nor the call risk which is asymmetric. The effective yields look effectively the same, so why take the credit risk for very little premium? Larr...
by markfaix
Wed Jan 25, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: Swedroe's guidelines to Bonds
Replies: 113
Views: 10470

Re: Swedroe's guidelines to Bonds

Another implementation question: For my 401(k) non-TIPS bond allocation, I'm trying to decide between a CD ladder or the Vanguard short term corporate bond fund (which I know Larry S doesn't fully endorse, but a short end of the spectrum, there does seem to be some benefit). In my 401(k) provider, a...
by markfaix
Sat Jan 21, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: What do the loading factors in Portfolio Visualizer mean?
Replies: 1
Views: 392

What do the loading factors in Portfolio Visualizer mean?

When you enter a mutual fund on portfoliovisualizer.com, you get an analysis of how much loading the fund gives to beta, size, value, momentum, etc. Newb question: What do the numbers mean? For example, if a fund has a value loading of 0.5, does that mean that the fund captured 50% of the value prem...
by markfaix
Wed Jan 18, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Would you switch investment advisor to save $3000+/yr?
Replies: 17
Views: 2107

Re: Would you switch investment advisor to save $3000+/yr?

Thanks for the replies so far. Portfolio value is ~1.3MM. Current advisor does TLH, pre-fills RMD/Roth conversion forms for signature. My father is pretty hands off. He basically does whatever the advisor recommends. In 2008, he never once questioned all the rebalancing to the bottom of the bear mar...
by markfaix
Wed Jan 18, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Would you switch investment advisor to save $3000+/yr?
Replies: 17
Views: 2107

Would you switch investment advisor to save $3000+/yr?

My father, a retired professor and government employee, has invested with the same passive/DFA type investment advisor for 12-15 years. I have some minor disagreements with the advisor -- I prefer more integrated funds, eg, core funds or MOM+value, whereas the advisor prefers slicing and dicing to t...
by markfaix
Sat Dec 03, 2016 3:06 pm
Forum: Investing - Theory, News & General
Topic: P2P Lending Dead
Replies: 54
Views: 8369

Re: P2P Lending Dead

P2P lending should never be done by individuals IMO, way to much concentration risk and too much asymmetry in information. Now with that said IMO it's an excellent asset class as alternative (not substitute) for safe fixed income. And I personally have a large investment in LENDX fund run by Stone ...
by markfaix
Sat Dec 03, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to dispute bill collector for car rental damages I didn't cause?
Replies: 3
Views: 1417

How to dispute bill collector for car rental damages I didn't cause?

I rented a car from Dollar at O'Hare in August. I returned the car without any damages, as ascertained by a longer than usual walk-around inspection by the return agent. Recently, over 3 months later, I received a letter from Viking Billing Service on behalf of Dollar/Hertz requesting I pay them $30...
by markfaix
Mon Sep 12, 2016 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: S-corp business use of home
Replies: 8
Views: 827

Re: S-corp business use of home

Not an accountant, but I see no problems with having a S-Corp line item for Rent. If you were renting an office building location nobody would bat an eye. Same thing. Just make sure it is fair and reasonable for what you've got. Using the IRS guidelines for how to split this room out of the whole h...
by markfaix
Mon Sep 12, 2016 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: S-corp business use of home
Replies: 8
Views: 827

Re: S-corp business use of home

Deleted for typos
by markfaix
Mon Sep 12, 2016 9:54 am
Forum: Personal Finance (Not Investing)
Topic: S-corp business use of home
Replies: 8
Views: 827

Re: S-corp business use of home

Hi, I have an S-corp in which I am the only employee. I operate out of home. I am operating an 'accountable plan' where I reimburse myself monthly for home office expenses. See here for more info: http://www.watsoncpagroup.com/kb/Pull-Money-Out-of-the-S-Corp-Accountable-Plan_184.html What I am not ...
by markfaix
Mon Sep 05, 2016 12:35 pm
Forum: Investing - Theory, News & General
Topic: Part 2 of series on how frequency of checking values can impact returns
Replies: 22
Views: 3085

Re: Part 2 of series on how frequency of checking values can impact returns

Note you might want to consider a higher tilt to small/value which would allow for an even lower equity allocation. I would suggest you consider the "Larry" portfolio which would allow you to hold say 30% stocks and sleep lot better when the next bear market hits. Congratulations Larry Larry A bit ...
by markfaix
Tue May 17, 2016 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Negative alpha for AQR momentum funds?
Replies: 3
Views: 489

Re: Negative alpha for AQR momentum funds?

The fund I use is AQMRX and it has huge positive alpha And so does QMHRX, Larry Thanks for replying, Larry. How do you fit managed futures funds like AQMRX and QMHRX with the rest of your portfolio? Also, when I enter the small MOM fund into portfolio visualizer, it says alpha -3%/yr for both FF an...
by markfaix
Tue May 17, 2016 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Negative alpha for AQR momentum funds?
Replies: 3
Views: 489

Negative alpha for AQR momentum funds?

My 401(k) recently added access to many of the AQR momentum funds, including the domestic, intl and EM momentum and multi-style funds. Because I use a heavy value tilt, I thought this would be a great opportunity to add MOM, which has negative correlation to value but similar expected returns. Howev...
by markfaix
Fri Apr 08, 2016 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp Owner/Employee Drives For Continuing Education. Business Expenses?
Replies: 7
Views: 771

Re: S Corp Owner/Employee Drives For Continuing Education. Business Expenses?

1. Yes
2. You cannot use the per diem amount if you are the S Corp owner/employee. You can only deduct actual expenses.
3. If per diem were permitted (which is not, see #2), yes, 50% would be disallowed.
by markfaix
Tue Mar 22, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay mortgage vs invest for 2nd home down payment?
Replies: 6
Views: 1072

Re: Prepay mortgage vs invest for 2nd home down payment?

How much do you have saved toward your purchase so far? If the 3-year mark is important to you (ie, delaying is bad), then I'd go with option 1. Paying off a 3% mortgage early doesn't seem to make much sense to me. We have saved about $35K in a savings accounts for a potential down payment. My conc...
by markfaix
Mon Mar 21, 2016 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Prepay mortgage vs invest for 2nd home down payment?
Replies: 6
Views: 1072

Prepay mortgage vs invest for 2nd home down payment?

In about 3 years, we plan to buy a 2nd home. This will be a 2nd residential home, not a rental. What do you think is the best way to save for the 2nd home down payment? Current home is worth $300K. Mortgage balance is $140K, at 3% fixed with 7 years left. Marginal tax bracket is 38%. We itemize. Cur...
by markfaix
Sun Mar 13, 2016 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: No SSN on form 1095-B (proof of Obamacare coverage) - any problem?
Replies: 3
Views: 666

No SSN on form 1095-B (proof of Obamacare coverage) - any problem?

Form 1095-B, the document proving ACA/Obamacare-compliant health insurance for me and my family, listed no SSNs despite my providing them to the insurance company. They only listed names and DOBs.

Is this a potential problem with the IRS matching system? I don't want an unnecessary inquiry.
by markfaix
Sat Mar 12, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Q about 529 carryforward provision
Replies: 3
Views: 326

Re: Q about 529 carryforward provision

You wouldn't lose them, the 2017 contributions would be available to carry forward as deductions in later years. But I have contributed $27,500 for 2016, so I'm thinking I would lose some of that deduction Year.......529 Contribution..............Tax deduction 2016.......$27,500.......................
by markfaix
Sat Mar 12, 2016 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Q about 529 carryforward provision
Replies: 3
Views: 326

Q about 529 carryforward provision

My state (Maryland) allows a state tax deduction for contributions to the Maryland 529 plans, up to $2,500/yr/beneficiary, with a carryforward of the deduction of $2,500/yr for up to 10 years. For example, if I contribute $27,500 in one year to a 529, I can deduct $2,500 the year of contribution, th...
by markfaix
Sat Mar 12, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Use 529 funds for school now or later?
Replies: 11
Views: 1085

Re: Use 529 funds for school now or later?

I don't think 529 money can be used for elementary or secondary school. Confirmed with IRS Publication 970 . The 529 needs to be saved for college (unless it has losses, in which case there is no penalty for withdrawal because the penalty is only on gains not used for higher education). Thank you! ...
by markfaix
Sat Mar 12, 2016 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Use 529 funds for school now or later?
Replies: 11
Views: 1085

Re: Use 529 funds for school now or later?

If you use the 529 funds to pay for the private school, you'll have more money to invest somewhere else. If the best place to invest that money is back in the same 529, then it's a wash. If the best place to invest is in your 401(k) (because you aren't maxing it out now but expect to max it out in ...
by markfaix
Fri Mar 11, 2016 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Use 529 funds for school now or later?
Replies: 11
Views: 1085

Use 529 funds for school now or later?

We have 2 children in grades 4 and 6 who will be attending a private school next year, tuition $15-20K each. Currently our 529 accounts for the 2 kids have $40K and $30K. Would you use the 529 money now to pay for the private school tuition, or use it to pay for their college? We can currently affor...
by markfaix
Fri Mar 11, 2016 10:50 pm
Forum: Investing - Theory, News & General
Topic: Where I Disagree with Vanguard - Alan Roth
Replies: 23
Views: 6750

Re: Where I Disagree with Vanguard - Alan Roth

Allan - Excellent, clear article. Thanks for sharing your wisdom. Re paying off mortgage vs investing in bonds: I agree with you completely for bonds a taxable account. But what if the bonds are all in qualified plans? For example, $200k in bonds is entirely in 401(k), $300k in stocks in entirely in...
by markfaix
Sun Feb 28, 2016 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 87
Views: 7907

Re: File taxes via mail or electronically

I had abandoned this thread because it was going circular, but just had to share this bit of reassuring news about IRS and data security. m We are over 9 months past the initial discovery of this one hack, and the numbers just keep growing. Not very reassuring on the security front, IMO. Although I...
by markfaix
Sun Feb 28, 2016 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 87
Views: 7907

Re: File taxes via mail or electronically

DMW That strategy doesn't work to prevent tax ID theft. The ID thieves submit a bogus tax return under your SSN with a fake W-2 and other data that indicate a large refund is due. Unbelievably, the IRS will cut a check before even checking the W-2 database, part of their mission to get refunds out q...
by markfaix
Tue Dec 29, 2015 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Deluxe 2015 sch D fully functional?
Replies: 6
Views: 648

Re: TurboTax Deluxe 2015 sch D fully functional?

Does H&R block download directly from Fidelity? It did not in the past.
by markfaix
Tue Dec 29, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Deluxe 2015 sch D fully functional?
Replies: 6
Views: 648

Re: TurboTax Deluxe 2015 sch D fully functional?

I was referring to the desktop version, which is the version mentioned in the Amazon reviews
by markfaix
Tue Dec 29, 2015 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Deluxe 2015 sch D fully functional?
Replies: 6
Views: 648

TurboTax Deluxe 2015 sch D fully functional?

As you know, for 2014, TurboTax removed functionality for Sch D in TT Deluxe and forced users to upgrade to Premier. After a uproar, they backed down. For 2015, they claim the TT Deluxe has fully functioning Sch D. However, many Amazon reviews (see below) say that Deluxe doesn't have the full functi...
by markfaix
Wed Dec 09, 2015 5:56 pm
Forum: Personal Consumer Issues
Topic: March beach vacation idea for family of 5?
Replies: 12
Views: 2276

March beach vacation idea for family of 5?

I will be taking our first family vacation in 4 years in late March. (Multiple family illnesses/deaths and work restrictions prevented any other family vacations until now.) We are looking for suggestions. This is what we want: 1. Warm swimmable beach for late March, or to a tropical resort type are...