Search found 140 matches

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: 270

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: 270

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: 600

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: 899

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: 899

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: 577

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: 252

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: 252

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: 856

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: 856

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: 856

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: 6144

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: 6412

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. https://www.irs.gov/uac/Newsroom/IRS-Statement-On-Get-Transcript We are over 9 months past the initial discovery of this one hack, and the numbers just keep grow...
by markfaix
Sun Feb 28, 2016 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 87
Views: 6412

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: 558

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: 558

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: 558

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: 1933

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...
by markfaix
Sat Nov 14, 2015 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking non-cloud based personal finance software
Replies: 8
Views: 1448

Seeking non-cloud based personal finance software

I'm looking for personal finance software. I searched the forums, but would appreciate suggestions based on our particular wants: Checkbook register and reconciliation Ability to download credit card transactions from Citi, Bank of America, and fidelity FIA Visa/Amex. Very important, these downloade...
by markfaix
Wed Nov 11, 2015 6:12 pm
Forum: Investing - Theory, News & General
Topic: Valuations and market timing, and the current CAPE 10
Replies: 88
Views: 8341

Re: Valuations and market timing, and the current CAPE 10

Larry In addition to EM and intl being undervalued, what about CCF? These are completely out of favor now after a string of negative returns. Even Bogleheads posts about them are rare. So would you consider CCF undervalued as well despite the contango issue that you mentioned in a prior post? Thanks...
by markfaix
Sat Nov 07, 2015 4:54 pm
Forum: Investing - Theory, News & General
Topic: What's been up with TIP funds?
Replies: 26
Views: 3200

Re: What's been up with TIP funds?

Note that perhaps surprisingly TIPS have acted more like corporate bonds---likely liquidity issues and TIPS may not benefit from flights to quality like nominals do. So the diversification benefit with stocks may not be as great Larry Larry When you compare TIPS to nominals with economists' inflati...
by markfaix
Mon Oct 05, 2015 9:28 pm
Forum: Investing - Theory, News & General
Topic: Explaining corporate credit spreads
Replies: 8
Views: 894

Re: Explaining corporate credit spreads

Larry
Slight OT, but what are your thoughts on TIPS vs CDs/ST bonds at current interest rates?
by markfaix
Mon Sep 14, 2015 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Earthquake insurance for low risk area?
Replies: 18
Views: 1438

Re: Earthquake insurance for low risk area?

Thanks to all who replied. Using this calculator (http://geohazards.usgs.gov/eqprob/2009/output/5502_large.php), the probability of an earthquake within 50 km of my house with Richter scale over 5 is <0.01%. I have none of the high risk factors than Alan S. listed. The cost of the insurance is $150/...
by markfaix
Sat Sep 12, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Earthquake insurance for low risk area?
Replies: 18
Views: 1438

Earthquake insurance for low risk area?

I live in Maryland, which rarely has serious earthquakes, although we had a noticeable one a few years ago that didn't cause damage in our area. Coverage for earthquakes, sinkholes, or other damage because the earth moves, is excluded in our homeowner's insurance policy. What are your thoughts about...
by markfaix
Sat Jan 10, 2015 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Physician owned building versus rent
Replies: 16
Views: 1673

Re: Physician owned building versus rent

I have been fortunate to be a partner of a very lucrative specialty practice for the last 8yrs. Yearly income is very high 6 figures. I have lived by Boglehead principles, worked extremely hard, saved 80% of my after-tax income, and have built a taxable account of 2.3million at age 37. For the last...
by markfaix
Sat Jan 10, 2015 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: S corp payroll: Paychex or Zen Payroll?
Replies: 21
Views: 2844

Re: S corp payroll: Paychex or Zen Payroll?

I've been using Paychex for over a decade. I've had lots of problems over the years. One reason is that their payroll specialists turn over rapidly. Some are quite good, some are quite bad. I spend considerable amounts of time correcting their errors. For 2015, I have been planning to switch to Int...
by markfaix
Sat Jan 10, 2015 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: HSA: Bank of America v. BenefitWallet
Replies: 11
Views: 1630

Re: HSA: Bank of America v. BenefitWallet

Does anyone have any experience with BenefitWallet's (Bank of New York Mellon) HSA? My insurer (Blue Cross/Blue Shield of Georgia) has partnered with them, and when I changed my coverage this year they automatically opened an HSA with BenefitWallet. Their fee is cheaper than Bank of America ($2.90/...
by markfaix
Fri Jan 09, 2015 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: S corp payroll: Paychex or Zen Payroll?
Replies: 21
Views: 2844

Re: S corp payroll: Paychex or Zen Payroll?

Thanks for the responses so far. @delconte - When you use Zen payroll for your salary, do you pay yourself a similar $ amount and similar deductions each month? What have you found better about Zen than Paychex? The way my CPA likes it, I take most of my salary at year end for salary and fringe bene...
by markfaix
Fri Jan 09, 2015 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: S corp payroll: Paychex or Zen Payroll?
Replies: 21
Views: 2844

S corp payroll: Paychex or Zen Payroll?

I am the sole owner and employee of an S corp. For the past year, I have used Paychex for semiannual payroll to pay myself a reasonable salary. Short version of my question : The past year of payroll with Paychex has been a significant headache. I have spent hours on the phone each quarter, getting ...
by markfaix
Sat Jan 03, 2015 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Chromebook dedicated to finances?
Replies: 62
Views: 5475

Re: Chromebook dedicated to finances?

Yes I have a regular PC.
by markfaix
Sat Jan 03, 2015 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Chromebook dedicated to finances?
Replies: 62
Views: 5475

Chromebook dedicated to finances?

Several active threads suggest that a chromebook dedicated to financial transactions is a simple, secure, and reasonably cheap way to have a dedicated financial computer. For those who have done this, I had a few questions. How do you download and save financial statements? Is google drive the only ...
by markfaix
Wed Dec 17, 2014 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do H&R Block/TaxAct software handle state tax refunds w/AMT?
Replies: 1
Views: 671

Do H&R Block/TaxAct software handle state tax refunds w/AMT?

I'm a long time TurboTax user, disgruntled by the fact that I'll have to buy TTax home & business because I have need both Sch C and D. I'm hoping that H&R or TaxAct would work for me this year. A few years ago, when I tried H&R Block tax software, it had a glaring weakness: It could not...
by markfaix
Wed Oct 01, 2014 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Low cost online payroll?
Replies: 11
Views: 1326

Re: Low cost online payroll?

I've been very happy with ZenPayroll (zenpayroll.com). Their online interface is way better than any of the others I've used, and their email support is extremely responsive. Looks like it's $29 per month ($348 per year) for single employee payroll. They're not in every state though. Delconte, Does...
by markfaix
Wed Aug 06, 2014 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is 2 Factor Authentication worth the trouble?
Replies: 9
Views: 968

Is 2 Factor Authentication worth the trouble?

With the NYT report of 1.2 billion hacked passwords by a Russian gang, I'm debating when to implement 2-Factor authentication (2FA) for my financial accounts. As most of you know, 2FA requires you to enter a login, password, and a random series of digits generated by a smartphone app, key fob, or Yu...
by markfaix
Mon May 12, 2014 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Int'l wire: Service providers? How fast?
Replies: 16
Views: 1376

Int'l wire: Service providers? How fast?

I'm looking to wire money to Korea. Because of a bad experience with my local bank (slow, expensive, bad customer service, see below), I am looking alternative ways to send money in the future. What international wire service providers have you tried? Has anyone tried Fidelity, or xe.com or usforex....
by markfaix
Fri Mar 14, 2014 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: S corp auto expenses question
Replies: 3
Views: 1044

Re: S corp auto expenses question

@pshorone Thanks for the link. I did know that once you deduct actual expenses, you must continue to use actual expenses on subsequent 1040s. I didn't know if the rules changed with the S corp reimbursing me, but it seems not. Anyone with thoughts on whether the S corp can reimburse me for the vehic...
by markfaix
Fri Mar 14, 2014 8:19 am
Forum: Personal Finance (Not Investing)
Topic: S corp auto expenses question
Replies: 3
Views: 1044

S corp auto expenses question

Last year I bought a heavy truck, titled in my name. I deducted truck expenses on my 1040 with the actual cost method, also took Sec 179. This year I formed an S-corp as the only shareholder/employee. I used the truck 80% business, and it is still titled in my name personally. 1. Can the S corp reim...
by markfaix
Thu Mar 06, 2014 5:03 pm
Forum: Personal Consumer Issues
Topic: PenFed v. Truecar v. BJs v. Costco auto buying
Replies: 24
Views: 16585

Re: PenFed v. Truecar v. BJs v. Costco auto buying

Try Carbargains (link below), which contacts 10-12 dealers in your area on your behalf for quotes. http://www.checkbook.org/auto/carbarg.cfm The advantage is that because you have paid for the service, the dealer knows you're a serious buyer, rather than a window shopper. With my most recent car pur...
by markfaix
Sat Feb 08, 2014 10:41 am
Forum: Personal Consumer Issues
Topic: Medicare Accountable Care Organization (ACO)
Replies: 6
Views: 904

Re: Medicare Accountable Care Organization (ACO)

My ACO experience has been negative re patient care. As TX hold em said, the ACO gets a fixed amount of money from Medicare to take care of a group of patients. If the patients don't use medical resources, more profit to the ACO. Therefore, there is a strong discentive to deny care or minimize use o...
by markfaix
Sun Feb 02, 2014 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth pro rata rule
Replies: 4
Views: 585

Re: Backdoor Roth pro rata rule

Great, thanks for the responses.
by markfaix
Sat Feb 01, 2014 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth pro rata rule
Replies: 4
Views: 585

Backdoor Roth pro rata rule

How does the pro rata rule apply for backdoor Roths converted in 2014 for tax year 2013? Example: On 12/31/13, I have assets in a traditional IRA, consisting entirely of deductible IRA contributions. On 1/1/14, I roll over the entire balance of all traditional IRAs into a 401(k). On 1/2/14, I contri...
by markfaix
Mon Jan 27, 2014 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA into existing Roth?
Replies: 1
Views: 238

Backdoor Roth IRA into existing Roth?

I will be doing a backdoor Roth IRA for the first time. When I convert the nondeductible traditional IRA into the Roth, do I need to convert into a new Roth IRA? Or can I convert into an existing Roth IRA that already has assets in it? I ask because with traditional IRAs, it is sometimes advantageou...
by markfaix
Fri Jan 24, 2014 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: S Corps, health insurance, and ACA
Replies: 16
Views: 2742

Re: S Corps, health insurance, and ACA

@SeattleCPA -

Thanks for your blog post and comments.

Do the ACA nondiscrimination rules apply to other entities aside from S corps, like LLPs or LLCs taxed as partnerships?
by markfaix
Fri Jan 17, 2014 1:37 pm
Forum: Investing - Theory, News & General
Topic: Swedroe's New Book
Replies: 76
Views: 13735

Re: Swedroe's New Book

Larry, Looking forward to your new book. Thanks for all you do here and elsewhere to educate investors. Is DWUSX really a good substitute for your recommended 2/3 ISV + 1/3 EMV for int'l allocation? Not clear from DFA website if that's what they're shooting for. Other concerns: * E/R 0.80% is higher...
by markfaix
Tue Dec 10, 2013 8:48 am
Forum: Investing - Theory, News & General
Topic: Good article on style premium investing & AQR new fund
Replies: 86
Views: 10379

Re: Good article on style premium investing & AQR new fund

Larry
Is BAM recommending clients purchase QSPIX?
by markfaix
Fri Dec 06, 2013 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if I do my own taxes?
Replies: 27
Views: 5443

Re: What happens if I do my own taxes?

1- you definitely appear to have the knowledge to file your own 1040. I've done so for over 20 years. I tried accountants a few times, and they always screwed things up, so I went back to DIY. 2- For S corp, I would recommend trying a different accountant. The 1120S is more complicated, and the avai...
by markfaix
Wed Dec 04, 2013 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Charitable Trust or Gift Annunity
Replies: 8
Views: 744

Re: Questions about Charitable Trust or Gift Annunity

Yes, the gains would be LTCG. It sounds like a DAF is the way for me to go. A $50k DAF this year would save me about $25k in taxes and avoid up to another $4 or $5k in LTCG taxes. And it would give me a generous fund from which to dispense further contributions. What I do not understand yet is how ...
by markfaix
Wed Dec 04, 2013 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Charitable Trust or Gift Annunity
Replies: 8
Views: 744

Re: Questions about Charitable Trust or Gift Annunity

I am facing huge capital gains this year that throw me into the highest tax bracket. I want to learn more about using charitable contributions to reduce taxes this year. I found some useful information on the Boglehead Wiki: http://www.bogleheads.org/wiki/Donor_advised_fund I see that Schwab has a ...
by markfaix
Wed Dec 04, 2013 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Self employment tax calculation, over SS threshold
Replies: 6
Views: 774

Re: Self employment tax calculation, over SS threshold

First time poster. My husband will have self employment (sole proprietor) income for the first time this year in addition to W2 income. His W2 income exceeds $113,700. Wanted to make sure I'm understanding this correctly: even though he will only pay SE taxes of 2.9% on this income, the SE tax calc...
by markfaix
Sun Dec 01, 2013 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Windows desktop recommendations
Replies: 13
Views: 888

Re: Windows desktop recommendations

Lenovo. ThinkPad model is specifically for small business. OP asked for desktop, ThinkPads are notebooks (but I second the reccomendation) I can't imagine ever buying a desktop again, vs. a laptop. I rarely even see desktops in businesses nowadays vs laptops. I am very happy with my ThinkPad. Porta...

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