Search found 228 matches

by matonplayer
Fri Jul 22, 2016 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11341

Re: Early retirees, how much did you leave on the table?

We recently retired at mid 50s. If we had worked another ten years our portfolio would probably be 20 percent larger than it will be. But we have more than enough.
by matonplayer
Wed Jul 06, 2016 8:52 pm
Forum: Personal Consumer Issues
Topic: Advice- relocating back to DC metro area from Charlotte, nc
Replies: 4
Views: 378

Re: Advice- relocating back to DC metro area from Charlotte, nc

We moved eighteen months ago from the DC area to retire near Asheville. You couldn't pay me enough to move back there. But I can't comment on life in Charlotte.
by matonplayer
Mon Jul 04, 2016 4:48 pm
Forum: Personal Consumer Issues
Topic: How to negotiate result of big item home inspection
Replies: 54
Views: 3162

Re: How to negotiate result of big item home inspection

I'd politely ask for 10K off the price and see if the owner counters. If I really liked the house 10K for new appliances wouldn't keep me from buying it.
by matonplayer
Wed Apr 27, 2016 2:05 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 3842

Re: Should I accept this offer on my house?

What will it cost you in taxes, insurance, and maintenance if it took another eight months to sell?
by matonplayer
Mon Apr 25, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me
Replies: 24
Views: 2319

Re: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me

Concur with most of the opinions. Non-competes are very state-specific. That said, I think #1 would likely be unenforceable due to the lack of a time provision. It shouldn't cost more than a couple of hundred bucks to get a lawyer to review.

#2 is pretty standard.
by matonplayer
Thu Apr 07, 2016 2:24 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 3878

Re: Paying for kid's graduate school?

OP here. We decided to pay for one year of his Master's and he is responsible for the other. It wasn't an easy decision but I think it was the right one for us. Thanks for all the input.
by matonplayer
Tue Apr 05, 2016 10:01 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 3878

Re: Paying for kid's graduate school?

A big question is if you can afford to retire today or not. If not then you may not be to the point where you can really afford this yet. If things go well then you could help him pay off his student loans later when your finances are all set for you to retire. I don't know many of the details but ...
by matonplayer
Tue Apr 05, 2016 7:05 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 3878

Re: Paying for kid's graduate school?

OP here. Thanks for all the feedback. My instinct was to help him out and I'm glad others would do the same.
by matonplayer
Tue Apr 05, 2016 5:12 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 3878

Re: Paying for kid's graduate school?

He's told me that schools are begging for doctoral assistanship candidates in his field. He'll go to wherever he can get a free ride.
by matonplayer
Tue Apr 05, 2016 5:03 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 3878

Paying for kid's graduate school?

Moderators, if this issue is off topic I understand. My son has recently graduated with a degree in music composition. His goal is to earn his doctorate and teach at the college level. He's been accepted to two graduate schools - one is a state school with a decent music program, the other is one of...
by matonplayer
Sat Mar 19, 2016 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirees - What triggered you to retire?
Replies: 96
Views: 10872

Re: Early Retirees - What triggered you to retire?

Retired at 52 after selling a small business. My dad died at 65 after having less than a year of retirement. Life is too short.
by matonplayer
Fri Mar 18, 2016 8:45 am
Forum: Investing - Help with Personal Investments
Topic: 28 year old, $6mm, how to retire?
Replies: 71
Views: 14194

Re: 28 year old, $6mm, how to retire?

It depends on the individual. If 80% equity is too aggressive and the persons may capitulate in a bear market, then more in bonds makes sense. If it doesn't matter, then more bonds now and less in stocks means less cash flow down the road. Dividends increase over time. Interest stays the same (roug...
by matonplayer
Mon Mar 14, 2016 5:31 pm
Forum: Investing - Theory, News & General
Topic: SPIAs and safe withdrawal rates
Replies: 18
Views: 2225

Re: SPIAs and safe withdrawal rates

Thanks for all of the replies. I guess my idea wasn't so great after all. :)
by matonplayer
Sun Mar 13, 2016 6:56 pm
Forum: Investing - Theory, News & General
Topic: SPIAs and safe withdrawal rates
Replies: 18
Views: 2225

Re: SPIAs and safe withdrawal rates

Good point about the inflation perspective.

In my case there was no negligible difference in the payout rate between a vanilla SPIA and the 20 year certain one.
by matonplayer
Sun Mar 13, 2016 6:47 pm
Forum: Investing - Theory, News & General
Topic: SPIAs and safe withdrawal rates
Replies: 18
Views: 2225

SPIAs and safe withdrawal rates

I had an idea this week regarding safe withdrawal rates and wanted some input. Would it be possible to calculate a safe withdrawal rate based on current SPIA rates? In other words, could one somehow calculate the value of the mortality credits and subtract it from the SPIA payout rate? In my case, I...
by matonplayer
Mon Mar 07, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 2847

Re: Roommate issue

I think the only circumstance where he would consider suing is if they move out and he has to pay the entire rent payment. Hopefully they can all work something out.
by matonplayer
Mon Mar 07, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Income tax preparation cost?
Replies: 22
Views: 1737

Re: Income tax preparation cost?

I contacted them and they agreed to knock 15% off of the bill. Lesson learned. I should be able to use TurboTax for the foreseeable future though.
by matonplayer
Mon Mar 07, 2016 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 2847

Re: Roommate issue

Thanks for all the replies. My son is 24 and his roommates are of similar age. According to him, his roommates are "neat freaks" - his term - and had issues with his leaving dirty dishes in the sink. I asked him if they had mentioned their concerns before and he said only in an indirect ma...
by matonplayer
Sun Mar 06, 2016 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 2847

Re: Roommate issue

I'm sure it's uncomfortable to be in a nasty environment. Is the landlord willing to release him from the lease? If yes, I would take my security deposit and leave as soon as I found something else. He's going to talk to the landlord tomorrow. He'd actually prefer to stay thru the end of the lease ...
by matonplayer
Sun Mar 06, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 2847

Roommate issue

My adult son lives in MD and shares a house with two other roommates. Their lease contains the typical "jointly and severally liable" clause. Their lease expires July 31. According to my son (of course, I'm only hearing one side of the story) his two roommates have decided they don't want ...
by matonplayer
Sun Mar 06, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Income tax preparation cost?
Replies: 22
Views: 1737

Re: Income tax preparation cost?

Could you provide more detail on how involved your return is? Hard to say if that's alot or not. My firm has an average bill rate between $200-$250 so it does take much to get to a $2,750 bill. Especially when clients dump off a box of receipts. I can try. We had one W-2, a 1099 from my wife's pens...
by matonplayer
Sun Mar 06, 2016 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Income tax preparation cost?
Replies: 22
Views: 1737

Re: Income tax preparation cost?

With that amount, consider itemizing it for 2016, that may get you to the 2% AGI level for all miscellaneous deductions to be deductible if nothing else. I would never have this done without an agreed price upfront. That was my mistake, for sure. When I owned an LLC my returns were a bit more compl...
by matonplayer
Sun Mar 06, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Income tax preparation cost?
Replies: 22
Views: 1737

Re: Income tax preparation cost?

Last month I asked my former accounting service (I used to own a small business) to prepare my income taxes for me since I had an issue with the net investment income tax - TurboTax didn't seem to be able to handle it so I thought I would get professional help. Other than this one issue (which my a...
by matonplayer
Sun Mar 06, 2016 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Income tax preparation cost?
Replies: 22
Views: 1737

Income tax preparation cost?

Last month I asked my former accounting service (I used to own a small business) to prepare my income taxes for me since I had an issue with the net investment income tax - TurboTax didn't seem to be able to handle it so I thought I would get professional help. Other than this one issue (which my ac...
by matonplayer
Tue Mar 01, 2016 5:53 pm
Forum: Personal Consumer Issues
Topic: Mac laptop vs. Windows 7 (or 10) laptop
Replies: 63
Views: 4799

Re: Mac laptop vs. Windows 7 (or 10) laptop

Used Lenovo laptop and then install Ubuntu. :)
by matonplayer
Wed Feb 03, 2016 4:04 am
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 7536

Re: What age did you retire

52. Best thing I ever did.
by matonplayer
Sat Jan 30, 2016 2:16 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 17991

Re: Unwinding day old terrible car deal for mother-in-law

A quick Google search indicates that there is no grace period for auto purchases in GA. But a lawyer could look at the contract and possibly find some loophole to get your MIL out of it. Probably worth a call to a lawyer.
by matonplayer
Thu Jan 28, 2016 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Retired & Estimated tax payments ???
Replies: 27
Views: 1455

Re: Retired & Estimated tax payments ???

We just increased the withholding on DW's modest pension to cover tax owed on dividends and interest income so I don't have to pay quarterly. The end result is that nearly her entire pension is withheld. :)
by matonplayer
Fri Jan 08, 2016 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and net investment income tax (Medicare tax)
Replies: 8
Views: 466

Re: Turbo tax and net investment income tax (Medicare tax)

Livesoft, I don't know what the company will issue me - the company that bought my business was subsequently sold, so this will be a first time for the parent company. They -should- issue me a 1099-DIV, since the earnout should be paid as a long term capital gain. The trick is avoiding the 3.8% Medi...
by matonplayer
Fri Jan 08, 2016 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and net investment income tax (Medicare tax)
Replies: 8
Views: 466

Re: Turbo tax and net investment income tax (Medicare tax)

There were earnout provisions as part of the sale that were based on company revenue. The 2015 earnout definitely puts us over the threshold.
by matonplayer
Fri Jan 08, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and net investment income tax (Medicare tax)
Replies: 8
Views: 466

Re: Turbo tax and net investment income tax (Medicare tax)

I didn't receive any proceeds in 2014 (long story) but I did in 2013. It was treated as a long term capital gain since the sale of the business was executed as a 100% stock sale.
by matonplayer
Fri Jan 08, 2016 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax and net investment income tax (Medicare tax)
Replies: 8
Views: 466

Turbo tax and net investment income tax (Medicare tax)

In 2015 I received the final payment from the 2012 sale of my S-Corp business. When I closed on the sale in 2012 my tax accountant told me that any subsequent sale proceeds would not be subject to the 3.8% net investment income tax since I was a material participant in the business. My question is: ...
by matonplayer
Sun Dec 27, 2015 10:05 am
Forum: Personal Consumer Issues
Topic: Viking gas range - repair or replace?
Replies: 14
Views: 1092

Re: Viking gas range - repair or replace?

Thanks for all of the suggestions. I can fix a lot of things around the house but it helps if I have good directions. :).
by matonplayer
Sat Dec 26, 2015 3:33 pm
Forum: Personal Consumer Issues
Topic: Viking gas range - repair or replace?
Replies: 14
Views: 1092

Re: Viking gas range - repair or replace?

Lafder, my bad. Was going to replace with an LG for $800. Not another Viking. :)
by matonplayer
Sat Dec 26, 2015 2:19 pm
Forum: Personal Consumer Issues
Topic: Viking gas range - repair or replace?
Replies: 14
Views: 1092

Re: Viking gas range - repair or replace?

If it were up to me I'd light the fool thing by hand bit not sure DW would go for it. :). I hadn't thought about the resale issue. Something to consider for sure. My guess is we'll be in the house for several years but it won't be our last one.
by matonplayer
Sat Dec 26, 2015 1:54 pm
Forum: Personal Consumer Issues
Topic: Viking gas range - repair or replace?
Replies: 14
Views: 1092

Viking gas range - repair or replace?

Our Viking gas range is approximately ten years old - not positive exactly how old since we bought this house last year. Anyway, I discovered yesterday that the two burners in the left won't spark when you turn on the gas - normally, all burners spark regardless of which burner you've turned on. Int...
by matonplayer
Tue Dec 15, 2015 3:07 pm
Forum: Personal Consumer Issues
Topic: Jet.com
Replies: 56
Views: 7965

Re: Jet.com

I tried them one time a month or so ago. The item was described incorrectly and it took weeks to get a credit applied to my CC after I returned the item. I'm sticking with Amazon.
by matonplayer
Mon Dec 14, 2015 12:58 pm
Forum: Personal Consumer Issues
Topic: Ebay issues - non-paying buyer
Replies: 9
Views: 1539

Re: Ebay issues - non-paying buyer

I'm pretty sure that as the seller eBay will refund your transaction fees if the winning bidder doesn't pay but that's all.
by matonplayer
Fri Dec 11, 2015 3:10 pm
Forum: Personal Consumer Issues
Topic: 10 Best Guitar Finger Style Tunes
Replies: 19
Views: 1752

Re: 10 Best Guitar Finger Style Tunes

Anything from Tommy Emmanuel. The best fingerstyle guitarist on the planet.
by matonplayer
Fri Dec 11, 2015 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have enough for financial independence?
Replies: 32
Views: 5735

Re: Do I have enough for financial independence?

Hah, Christine beat me...

Does your 85K include taxes and health insurance? If so you're at a withdrawal rate of 3% not counting any SS benefit. You're probably ok but I'd pay close attention to sequence of returns and sell the boat if times get tough. :)
by matonplayer
Fri Dec 11, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Small/solo biz - cash vs accrual accounting - pros/cons
Replies: 13
Views: 943

Re: Small/solo biz - cash vs accrual accounting - pros/cons

If you ever plan on selling your business prospective buyers are going to want to see balance sheets based on accrual methods. I learned this the hard way.
by matonplayer
Thu Dec 10, 2015 6:26 pm
Forum: Personal Consumer Issues
Topic: Air duct cleaning estimate - too high?
Replies: 19
Views: 1760

Re: Air duct cleaning estimate - too high?

I suspect you are marked as a "whale" possibly along with everyone in your ZIP code, so you are quoted higher prices than if you were located in a less wealthy neighborhood. Multiple quotes may help somewhat. Also, if your wife would be satisfied with a placebo, then I am sure you can arr...
by matonplayer
Thu Dec 10, 2015 3:37 pm
Forum: Personal Consumer Issues
Topic: Air duct cleaning estimate - too high?
Replies: 19
Views: 1760

Re: Air duct cleaning estimate - too high?

OP here. Thanks for all of the great advice. If it were up to me I'd forego the cleaning but DW is wanting it done. :)
by matonplayer
Thu Dec 10, 2015 11:29 am
Forum: Personal Consumer Issues
Topic: Air duct cleaning estimate - too high?
Replies: 19
Views: 1760

Air duct cleaning estimate - too high?

Just received a quote for air duct cleaning from a supposedly reliable service provider - does this seem reasonable? $550 per HVAC unit X 2 units - $1100 Clean blower motor and assembly X2 - $150 Clean evaporator coil X2 - $150 Total $1400. We recently had major renovations done to our house - lots ...
by matonplayer
Fri Oct 16, 2015 10:05 pm
Forum: Personal Consumer Issues
Topic: Switching from AT&T to Verizon - what's the best way?
Replies: 5
Views: 646

Re: Switching from AT&T to Verizon - what's the best way?

Looks like Verizon is offering $300 per smartphone to switch if we buy one of their phones. I'll have to see if we come out better that way versus buying Verizon phones on eBay.
by matonplayer
Fri Oct 16, 2015 6:12 pm
Forum: Personal Consumer Issues
Topic: Switching from AT&T to Verizon - what's the best way?
Replies: 5
Views: 646

Switching from AT&T to Verizon - what's the best way?

Hi, My family is currently on the AT&T Mobile Share Value plan with 10G shared data for $170 per month. We have four smartphones and an iPad. We've recently moved to an area that has very poor AT&T coverage, so we're seriously considering switching to Verizon. We own all of our devices and a...
by matonplayer
Sun Oct 11, 2015 6:17 pm
Forum: Personal Consumer Issues
Topic: EGO cordless mower, blower, trimmer
Replies: 6
Views: 685

Re: EGO cordless mower, blower, trimmer

I have the EGO mower and am very happy with it. I especially like the fact that I can fold it up for easy storage. The battery lasts more than long enough for the small amount of grass that I have to mow. I love not having to take trips to the gas station to fill up the gas can.
by matonplayer
Mon Oct 05, 2015 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's finances
Replies: 15
Views: 1236

Re: Help with my mom's finances

Thanks for all the input - sounds like staying the course for now is a reasonable way to go.
by matonplayer
Sat Oct 03, 2015 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's finances
Replies: 15
Views: 1236

Re: Help with my mom's finances

What about Medicaid? that is the ultimate last resort when one has no real assets to speak of and still maintain dignity. I don't believe that benefit should be over looked. We haven't explored Medicaid since she still has substantial assets. I just spent 1.5 years dealing with assets, Medicare, th...

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