Search found 226 matches

by navyitaly
Wed Apr 04, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Military SBP (Survivor Benefit Plan) - Is it worth it?
Replies: 15
Views: 3606

Re: Military SBP (Survivor Benefit Plan) - Is it worth it?

SBP premiums are deducted from your taxable income too...so you are only taxed on your pay - SBP premium = taxable amount like a 401k/TSP.
by navyitaly
Thu Mar 29, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3415

Re: Wash sale question- are ITOT and VTI Substantially Identical?

Being real who cares for a normal guy. If you got audited it’s a mistake if you lost pay the difference and move on. You aren’t getting charged w a crime over a mistake. We all make mistakes.
by navyitaly
Fri Mar 23, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!
Replies: 43
Views: 2168

Re: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!

I "back door" USAA legally and their $8.95 rip off ETF fee....and I buy Fidelity funds... All you need to do is have a Vanguard brokerage account since they charge $0 outgoing ACATS fee for securities...buy your Vanguard ETFs through Vanguard and a week later ACATS them to USAA...then USAA holds the...
by navyitaly
Mon Feb 12, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: I’m not renewing my Costco membership.
Replies: 80
Views: 7524

Re: I’m not renewing my Costco membership.

So cancel your Costco membership then...what’s the point of posting a post about it? I’m lost....
by navyitaly
Sat Feb 10, 2018 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Close to retirement, Help me invest $700K
Replies: 9
Views: 1610

Re: Portfolio Review, Close to retirement, Help me invest $700K

Is your federal rate really 33% w $180k income? Even w taxable dividends that still seems really high....since spouse has no income.
by navyitaly
Sat Feb 03, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: Understanding new tax table withholding rates
Replies: 18
Views: 1608

Re: Understanding new tax table withholding rates

if you have kids under 18 and you are solid middle class you will get the child tax credit at $2k per child that you didn't get before.
by navyitaly
Thu Feb 01, 2018 1:03 am
Forum: Personal Consumer Issues
Topic: Contracter gives rebate which helps me with tax credit - Fraud??
Replies: 2
Views: 564

Re: Contracter gives rebate which helps me with tax credit - Fraud??

Good rule of thumb for everything in life is..if you have to think about it or ask for advice..it's probably not ethical..maybe illegal or fraudulent...use your common sense.
by navyitaly
Mon Jan 29, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: Bank of America vs Chase
Replies: 41
Views: 10253

Re: Bank of America vs Chase

To get out of the ACH fee, just have a Merrill Edge account, transfer the money there in real time and send it from there...same everything, but under the Merrill Edge brand, it’s free.
by navyitaly
Thu Jan 25, 2018 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Rental Properties and Capital Gains
Replies: 10
Views: 1301

Re: Rental Properties and Capital Gains

Depreciation recapture is 25%...all those years have to be paid back wither they took it or not.
by navyitaly
Tue Jan 23, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Mango Money: 1099-INT Incorrect?
Replies: 7
Views: 588

Re: Mango Money: 1099-INT Incorrect?

You could not report it on your taxes in 2017 and do it in 2018 as ultimately your tax return is your declaration of your income..if you get audited explain to auditor your stance...you either win or lose...if you win nothing happens, if you lose you have to amend and pay penalties and tax right?
by navyitaly
Tue Jan 23, 2018 12:05 am
Forum: Personal Consumer Issues
Topic: Tax preparation amount charged
Replies: 16
Views: 1309

Re: Tax preparation amount charged

If yours is simple forget the accountant use a commercial software program for $30 and call it a day.
by navyitaly
Fri Jan 05, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: CapOne Quicksilver vs. USAA card
Replies: 14
Views: 887

Re: CapOne Quicksilver vs. USAA card

I have one (Limitless), but it’s severely restricted..only LA residents at this point.
by navyitaly
Tue Dec 26, 2017 12:07 am
Forum: Investing - Theory, News & General
Topic: Annual vs quarterly dividends from Schwab fund
Replies: 16
Views: 1394

Re: Annual vs quarterly dividends from Schwab fund

If you don’t like the fund and how it operates buy another fund.

And yes you are missing the converse. In a bear market you are saving on the slight losses you may get w quarterly etc so it all evens out.
by navyitaly
Sun Dec 17, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Military Deployment Help—TSP Optimization
Replies: 17
Views: 1632

Re: Military Deployment Help—TSP Optimization

1. SDP is a not as easy as one would think. You should try to contribute, but the pay clerks aren't enthusiastic about helping. If memory serves correctly, it is best to write a check out of your personal (savings) account and have the pay clerks deposit the funds into the SDP--rather than divertin...
by navyitaly
Sun Dec 17, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Military Deployment Help—TSP Optimization
Replies: 17
Views: 1632

Re: Military Deployment Help—TSP Optimization

just so you know (not that its a big deal but it's true) the interest on SDP is taxable interest even though you are in a CZTE when you do it.
by navyitaly
Thu Dec 14, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Active Duty Military Bereavement Leave?
Replies: 16
Views: 1824

Re: Active Duty Military Bereavement Leave?

no there's no bereavement leave in the military. it's just charged as normal leave, not nonchargeable leave.
by navyitaly
Sat Dec 02, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 5756

Re: How do I convince my employees to invest more?

maybe with such low salaries they can't afford to...
by navyitaly
Fri Nov 24, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Target Pre-pay phones on Thanksgiving in store issues
Replies: 13
Views: 1372

Re: Target Pre-pay phones on Thanksgiving in store issues

Target cell phone company is a contractor. They don’t work for Target. They do things their way.
by navyitaly
Fri Nov 17, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 28
Views: 2154

Re: United change fees

If you would have done the other action they cancel both flights w no compensation or further value.
by navyitaly
Fri Nov 17, 2017 12:50 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 206
Views: 26077

Re: MoviePass-Too good to be true, but it's legit.

Isn't that called stealing?
by navyitaly
Tue Nov 14, 2017 12:09 am
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 6025

Re: Keurig died...what now?

was it paid with a credit card that doubles warranty, do you have receipt? was it within this period?
by navyitaly
Sun Nov 12, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Investing HOA reserve money?
Replies: 24
Views: 1589

Re: Investing HOA reserve money?

if you lose other people's money..do you plan on repaying it yourself?
by navyitaly
Sat Oct 28, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: AmEx referral bonuses & taxes
Replies: 8
Views: 666

Re: AmEx referral bonuses & taxes

They limit payouts to $550 per year...stop making life hard, enjoy it as life is short...who cares move on.
by navyitaly
Tue Oct 24, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Generous Insurance Claim. Should I worry?
Replies: 23
Views: 2478

Re: Generous Insurance Claim. Should I worry?

move on and focus on your family..it's fine
by navyitaly
Sun Oct 22, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 5768

Re: Paying for medical school for son?

Military HPSP....let Uncle Sam pay for it and give him a nice bonus and monthly stipend in exchange for serving!
by navyitaly
Sat Oct 21, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Transfer Fee---Will this work?
Replies: 15
Views: 1657

Re: Avoiding Transfer Fee---Will this work?

Simple work around...open a Merrill Edge taxable account..it's all the same BofA...transfer it from BofA to Merrill Edge...then transfer from Merrill Edge to whatever bank you want..$0 fee...
by navyitaly
Fri Oct 20, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Want to switch from managed USAA
Replies: 7
Views: 650

Re: Want to switch from managed USAA

If you want to stay at USAA, you can buy most Fidelity Index Funds for no charge there..i use USAA..but I use them to hold my Fidelity funds...
by navyitaly
Sat Sep 30, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Getting father-in-law off of UBS & its 1.5% AUM fee
Replies: 31
Views: 3323

Re: Getting father-in-law off of UBS & its 1.5% AUM fee

Stay out of your spouse's family personal business? End of day who cares..not your issue...if anyone inherits anything, it's not you, it's your spouse....make your marriage easy...
by navyitaly
Sat Sep 30, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: First simple portfolio [Italy]
Replies: 12
Views: 1004

Re: First simple portfolio [Italy]

Have no idea on the European ETF, but I did just move from Italy after 3 1/2 years (US military)..all I can say is this....I didn't know anything was only taxes at 12.5%..isn't your life taxes and bureaucracy? I mean come on $10 per gallon for gas because of taxes from the Adriatic War and all the o...
by navyitaly
Wed Sep 27, 2017 6:22 pm
Forum: Personal Consumer Issues
Topic: Car Lease break
Replies: 12
Views: 1472

Re: Car Lease break

Active Duty military can't terminate unless deploying 181 days or more with proof or overseas orders with proof...I had overseas orders...Mercedes Benz and Ford were painless to do.
by navyitaly
Thu Sep 07, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client, with a small twist
Replies: 18
Views: 2506

Re: Chase Private Client, with a small twist

So assuming some assets are in a non-tax advantaged account...since you have index funds it's reasonable to assume you have decent gains...did he offer to pay your capital gains taxes if you sell them off to pay his fees and his ER?
by navyitaly
Fri Sep 01, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: Visa CC Price Protection on Flight
Replies: 4
Views: 687

Re: Visa CC Price Protection on Flight

No they'll say it's a service. And even if it did it would have to be in exactly same ticket fare class code which is sometimes hard to do.
by navyitaly
Mon Aug 28, 2017 10:32 pm
Forum: Personal Consumer Issues
Topic: Driving a car [in] Italy, any suggestion?
Replies: 47
Views: 4007

Re: Driving a car Italy, any suggestion?

lived in Naples for 3 1/2 years US Navy, just moved back a couple years ago...drove all over Italy...never an incident.

1. never leave anything in the car...never...not a thing.
2. assume every lane is a 2 lane road.
3. very few car accidents happen there.

be safe
by navyitaly
Mon Aug 28, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: Possible January trip to Naples, Italy / Amalfi Coast
Replies: 37
Views: 3006

Re: Possible January trip to Naples, Italy / Amalfi Coast

Look friend up on Facebook or other social media?
by navyitaly
Fri Aug 25, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: USAA opinions. Worth it?
Replies: 53
Views: 6461

Re: USAA opinions. Worth it?

USAA sells Fidelity funds for no fees...
by navyitaly
Sun Aug 20, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: Possible January trip to Naples, Italy / Amalfi Coast
Replies: 37
Views: 3006

Re: Possible January trip to Naples, Italy / Amalfi Coast

I lived there for 3 1/2 years moving back a couple months ago... Crime: Petty theft will occur...just don't be a victim..never happened to me in 3 1/2 years...ie leave nothing in a car ever...and never ever leave your bag out etc. Yes you can do both Amalfi and Pompeii same trip...a good locals alte...
by navyitaly
Tue Aug 15, 2017 9:34 pm
Forum: Investing - Theory, News & General
Topic: Market timing alert !!
Replies: 30
Views: 6812

Re: Market timing alert !!

if you bought $10k why didn't you buy the admiral shares...
by navyitaly
Tue Aug 15, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan vs Credit union Loan
Replies: 24
Views: 1645

Re: TSP Loan vs Credit union Loan

Being in the military I'm more than aware what TSP is...most credit unions like Navy Federal, etc you can do better than 2.5%...

Go to Lightstream unsecured auto loan 2.19%.
Digital Credit Union is 2.24%

2.5% is easy to beat so why do that?
by navyitaly
Tue Aug 15, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan vs Credit union Loan
Replies: 24
Views: 1645

Re: TSP Loan vs Credit union Loan

Unless you have bad credit, why would you do this? And TSP charges $50 for the loan....this makes no sense, just take a vehicle loan..what am I missing? Do you not have a job (source of income), basis of repayment, or bad credit and can't get the lowest rates...
by navyitaly
Tue Aug 01, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Trouble with Universal Life Insurance Policy
Replies: 19
Views: 2089

Re: Trouble with Universal Life Insurance Policy

If its not a modified endowment contract (MEC) and no loans against it..let it lapse, pay taxes on the gains (from proceeds) and keep rest and move on...pretty simple.
by navyitaly
Fri Jul 28, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2418

Re: Possible NFCU CD Special?

So the best part about NFCU is that for child/parent joint accounts (minor/adult) they report in the SSN of the child...so I have 2 children..I max both out...each child is a joint owner with me on one and due to the $1050 per child interest exemption (Kitty tax stuff) it is essentially tax free.......
by navyitaly
Thu Jul 27, 2017 10:27 pm
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2418

Re: Possible NFCU CD Special?

I sure hope so...but it would be announced on Tuesday the 1st...(NFCU does specials monthly)...however, I would say this...either they are really silly, or really trying to throw a bone at many members...why because 15 months ago they offered a 3% CD that expires in August...so if they are trying to...
by navyitaly
Thu Jul 27, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: windfall upon job change
Replies: 10
Views: 1798

Re: windfall upon job change

Not getting married for tax considerations is kind of silly...everyone getting married is a personal choice, but using taxes as a front makes zero sense as sometimes marring filing separately will solve this issues...just my 2 cents.
by navyitaly
Thu Jul 13, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is new car replacement insurance worth it?
Replies: 38
Views: 3813

Re: Is new car replacement insurance worth it?

It's a simple math problem...research the residual for the car (ALS could be a good reference or just google it). Then say to yourself..100% - that % times MSRP for $125 per year..minus deductible...do I want it or not... If the car is worth 35% at 48 months and car is totaled w a $500 deductible th...
by navyitaly
Sat Jun 24, 2017 11:20 am
Forum: Personal Consumer Issues
Topic: Bay Area housing
Replies: 69
Views: 7741

Re: Bay Area housing

I think your theory is kind of flawed..if you OWN now and not rent and are waiting for the market to drop..assuming you are going to sell your condo (big assumption, but probably right on), what makes you think your home won't drop too so if everything drops in some kind of proportion you won't be a...
by navyitaly
Tue Jun 20, 2017 11:50 pm
Forum: Personal Consumer Issues
Topic: Cancelling home warranty policy after closing?
Replies: 5
Views: 1001

Re: Cancelling home warranty policy after closing?

it sounds like you had every intent to defraud the seller of that sum of money. It's all about the intent. Lets say you applied for $100k in rebates on gadget A (a bunch of them) and got the money from the manufacturer and then decide you don't want them anymore and returned them to the retailer..AN...