Search found 4476 matches

by pshonore
Wed Aug 24, 2016 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Young man in a bind/car totalled/no insurance
Replies: 38
Views: 3481

Re: Young man in a bind/car totalled/no insurance

......That is totally dependent on state regulations and I believe in National Council states, if a sub or independent contractor does not have his own Comp policy (some do) , the employer is required to cover him or her. ' Please cite a link. Or some source for this bizarre idea. If any company co...
by pshonore
Wed Aug 24, 2016 6:07 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 991

Re: Dealing with insurance companies

Arbitration is used during subrogation, and in this case there will be no subrogation as the OP does not carry collision coverage. Small claims court would be your best solution if you do not agree with the settlement offer from the Insurance company. I would supply the estimate to the insurance co...
by pshonore
Wed Aug 24, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Young man in a bind/car totalled/no insurance
Replies: 38
Views: 3481

Re: Young man in a bind/car totalled/no insurance

Depending on the state where this occurred, your friend may be eligible for Workman's Comp benefits if he was injured in the crash or needs a medical evaluation. (Assuming the baker has WC insurance). From the sound of it the friend was getting paid under the table as casual labor. The OP posted th...
by pshonore
Wed Aug 24, 2016 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Not worth putting into Dependent Care FSA in my situation?
Replies: 22
Views: 1172

Re: Not worth putting into Dependent Care FSA in my situation?

No one is giving you 5K, you're contributing 5K pre-tax. You have a choice of doing that OR taking a credit (20% of 3000 = 600). 5K pre tax is worth about $1650 assuming 25% bracket, or about $1150 in the 15% bracket
by pshonore
Wed Aug 24, 2016 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's insurance question
Replies: 23
Views: 1590

Re: Homeowner's insurance question

In my state, if the house is over 1000 ft from the fire hydrant, they charge a higher premium. The insurance companies also have a map they can look at that shows the location of the hydrants. Much the same here, am getting the very best rate for being within 250 feet. But, what I never understood,...
by pshonore
Wed Aug 24, 2016 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Not worth putting into Dependent Care FSA in my situation?
Replies: 22
Views: 1172

Re: Not worth putting into Dependent Care FSA in my situation?

My employer has a dependent care FSA but not a 50% discount on child care. Let me make sure I am reading this correctly: 12k discount is a taxable benefit - 5k dependent care FSA 7k total taxable income/benefit What they will do is calculate the income of the 7k to be added onto your W2 (its better...
by pshonore
Wed Aug 24, 2016 11:34 am
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 991

Re: Dealing with insurance companies

You should be able to file a claim on your own collision policy and have your insurance company pursue the other guy through subrogation. The only downside to doing that is you have to pony up your deductibles when you get the car repaired and then wait for your insurance company to reimburse that ...
by pshonore
Wed Aug 24, 2016 11:09 am
Forum: Personal Consumer Issues
Topic: Should contractors working on my house be licensed? have insurance?
Replies: 22
Views: 1707

Re: Should contractors working on my house be licensed? have insurance?

In order for them to pull permits, they need to be licensed. Make sure the work they are doing have the associated permits, if applicable. That varies by trade; certainly electricians, plumbers, HVAVC, etc need to be licensed. I know of few license requirements for roofers, paving companies, framer...
by pshonore
Wed Aug 24, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Young man in a bind/car totalled/no insurance
Replies: 38
Views: 3481

Re: Young man in a bind/car totalled/no insurance

Depending on the state where this occurred, your friend may be eligible for Workman's Comp benefits if he was injured in the crash or needs a medical evaluation. (Assuming the baker has WC insurance).
by pshonore
Tue Aug 23, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Young man in a bind/car totalled/no insurance
Replies: 38
Views: 3481

Re: Young man in a bind/car totalled/no insurance

As I mentioned in the original post, he is not employed by the company. He is a day laborer for them when their regular staff is unavailable. In this capacity, I think he is considered to be working for himself. Everyone gets sued and those with the deepest pockets pay. The bread company should hav...
by pshonore
Tue Aug 23, 2016 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's insurance question
Replies: 23
Views: 1590

Re: Homeowner's insurance question

Standard insurance companies, i.e., insurance companies licensed in your state, typically can't cancel an HO policy in the middle of a contract year, and they typically have to give you a specified amount of notice, 60 days in my state, if they decide not to renew your policy at the end of a contra...
by pshonore
Tue Aug 23, 2016 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: How much MLP is reasonable in a portfolio?
Replies: 18
Views: 1189

Re: How much MLP is reasonable in a portfolio?

You are talking about a 401k and this should not an issue unless there is over $1,000 in UBTI income, then tax is owed and the 401k sponsor needs to file a tax return and the 401k needs to pay the tax out of your plan balance. The investment is a fund and avoids potential UBTI taxation. I'm actuall...
by pshonore
Sun Aug 21, 2016 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security
Replies: 6
Views: 621

Re: Social Security

But it may mean you cannot a benefit based on her earnings (spousal, etc) because of the GPO
by pshonore
Sun Aug 21, 2016 11:14 am
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 105
Views: 7304

Re: The True Cost of Owning a Dog

But I was tracking dog and cat expenses separately. Simply feeding our healthy Labrador retriever blew past the cat's medical expenses, not to mention the dog's preventive vet bills, boarding costs and grooming (about $40/month for the dog), training, and a succession of leash-like devices designed...
by pshonore
Sat Aug 20, 2016 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: annuity with long term care benefits
Replies: 10
Views: 685

Re: annuity with long term care benefits

My Genworth LTC premium is going up 10%. I've been advised to reduce the coverage limits by about 1/2 and buy a hybrid policy to make up the difference. The Genworth has a 5% compounded inflation factor while I think the hybrid one has none. Of course you (or your heirs) get the bulk of the hybrid p...
by pshonore
Fri Aug 19, 2016 6:15 pm
Forum: Personal Consumer Issues
Topic: DIY Invisible Dog Fence
Replies: 11
Views: 671

Re: DIY Invisible Dog Fence

Nothing is foolproof; I've seen dogs eat thru doors to get in or get out depending on what was on the other side. They can get very creative if a female is in heat. I had a dog where two extra prongs had to be custom wired around the collar and that worked. But I always check on my dogs if they're o...
by pshonore
Fri Aug 19, 2016 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to manage mom's life insurance payout
Replies: 12
Views: 1313

Re: How to manage mom's life insurance payout

Has anyone asked Mil how she feels? I'm sure OP has the best of intentions but Mil may not feel that way.
by pshonore
Fri Aug 19, 2016 10:35 am
Forum: Personal Consumer Issues
Topic: DIY Invisible Dog Fence
Replies: 11
Views: 671

Re: DIY Invisible Dog Fence

I've had the invisible fence system for about 25 years - first the real IF and for the last 12 or so years an Innotek System (now owned by Inv Fence I believe). I switched because Innotek had rechargeable collars and IF did not at that time. Mine have been self installed. Its not tough unless your d...
by pshonore
Fri Aug 19, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Buying a new home at age 50 in a nicer neighborhood
Replies: 76
Views: 5885

Re: Buying a new home at age 50 in a nicer neighborhood

You must be looking in Avon, Simsbury and Farmington for those prices. Have you looked in Wethersfield or South Windsor? Either would probably not increase your commute. And there's always the southern part of Granby. Glastonbury is also a nice town but pricey. Yes, Avon, Simsbury and West Hartford...
by pshonore
Fri Aug 19, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Buying a new home at age 50 in a nicer neighborhood
Replies: 76
Views: 5885

Re: Buying a new home at age 50 in a nicer neighborhood

You may have trouble getting what you think is a fair price. Hard to say. Your school district isn't a plus (that's a calculated understatement), although that price isn't very high for Connecticut in general. I think I'd be tempted to minimize any further investment in CT real estate--especially i...
by pshonore
Fri Aug 19, 2016 8:49 am
Forum: Personal Consumer Issues
Topic: What does the BH community do with their pets when they travel?
Replies: 60
Views: 3042

Re: What does the BH community do with their pets when they travel?

I wouldn't let our dog fly in the cargo area. Too stressful for the the animals. However you can take a small dog (up to 18lb -carrier included) in the cabin with you. We travel with ours internationally with no problems. Which brings me to the original question what we do with our pet. Bring it wi...
by pshonore
Thu Aug 18, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: spreadsheet [to organize a portfolio]
Replies: 18
Views: 1443

Re: spreadsheet

Up until just recently, I tried to accomplish much of my budgeting/planning using Google Sheets (after all, it's "free"). A recent 2-day internet outage at my home has cured me of that notion, and I am contemplating a switch to the free Libre Office, or the paid Microsoft Office. Just be ...
by pshonore
Thu Aug 18, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: TaxCaster Interface
Replies: 18
Views: 736

Re: TaxCaster Interface

Just goes to show there should be some kind of a competency test or license for designers of web pages and User interfaces.
by pshonore
Thu Aug 18, 2016 10:25 am
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 68
Views: 4441

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

As far as getting facts, the OP needs to provide more detail. Tylenol has warning label about this exact issue. True for OTC. Not sure about an RX. Every retail pharmacy in my area (CVS,WalMart,Costco,etc) provides a 2 or 3 page print out detailing dosage, contraindications, side effects, etc for a...
by pshonore
Thu Aug 18, 2016 9:15 am
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 105
Views: 7304

Re: The True Cost of Owning a Dog

But I was tracking dog and cat expenses separately. Simply feeding our healthy Labrador retriever blew past the cat's medical expenses, not to mention the dog's preventive vet bills, boarding costs and grooming (about $40/month for the dog), training, and a succession of leash-like devices designed...
by pshonore
Wed Aug 17, 2016 9:34 pm
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 105
Views: 7304

Re: The True Cost of Owning a Dog

I bought an Apple tree today on clearance. I put in my yard where I intend to plant it in the next few days and put stakes around the 1 gallon pot so it would not fall over. About 1/2 hour later, my Irish Setter came along and evidently thought "Dad's planting a tree - I will help. I will knock...
by pshonore
Wed Aug 17, 2016 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: July CPI figures released
Replies: 5
Views: 576

Re: July CPI figures released

The 3 month average for July, Aug and Sept figures are compared to the same months when the last COLA was effective (2014). I believe comparing the last three months (May June July) to Jul Aug Sept 2014 (234.242) would produce a 0.3 percent increase.
by pshonore
Wed Aug 17, 2016 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: July CPI figures released
Replies: 5
Views: 576

Re: July CPI figures released

I believe it will all go toward Part B.
by pshonore
Wed Aug 17, 2016 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: July CPI figures released
Replies: 5
Views: 576

July CPI figures released

The CPI-W figure for July was released yesterday. Breaking the recent upward trend, there was a 0.2 percent decrease from the previous month. There are still two months to go, but I'm predicting there will a 0.2 percent increase (that's 2/10 of 1 percent) in SS benefits for next year. That means abo...
by pshonore
Wed Aug 17, 2016 11:32 am
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 105
Views: 7304

Re: The True Cost of Owning a Dog

First of all, I think an important thing to note here is that this number can vary WIDELY depending on the dog. My brothers dog has all kinds of allergies, needs special food and meds, etc. Very $$. We're lucky that both of our dogs do great on Kirkland dog food, and (again very lucky) are very hea...
by pshonore
Wed Aug 17, 2016 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Partnership Buy-in Offset Income?
Replies: 5
Views: 388

Re: Partnership Buy-in Offset Income?

To form a S Corp once the distributions are large enough to justify. So the partnership will (after you form the S-Corp) issue a K1 to the S-Corp, who will issue you a paycheck? Sounds like a lot of paperwork, payroll processing and tax return expense. But there may be a savings depending on high y...
by pshonore
Tue Aug 16, 2016 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?
Replies: 30
Views: 1678

Re: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?

Just so there's no misunderstanding, that assumes that any estimated taxes were paid equally throughout the year. Otherwise you'll need Form 2210 I know I'm getting picky, but this statement only applies if your income is paid to you equally throughout the year. Suppose you had no income one year e...
by pshonore
Tue Aug 16, 2016 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Partnership Buy-in Offset Income?
Replies: 5
Views: 388

Re: Partnership Buy-in Offset Income?

Assuming you'll be a partner in this partnership, what do you gain by forming an LLC?
by pshonore
Tue Aug 16, 2016 7:39 pm
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 105
Views: 7304

Re: The True Cost of Owning a Dog

... At the risk of sounding cold, we would probably not embark on vet treatments for a serious illness, unless the prognosis was really good. It's not about the money, it's about quality of life for the dog. At the risk of sounding cold, we probably not embark on vet treatments for a serious illnes...
by pshonore
Tue Aug 16, 2016 7:30 pm
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 105
Views: 7304

Re: The True Cost of Owning a Dog

i was shocked that the annual checkup and shots ran a bit more than $700. i have 2 cats and we're talking about $125 total. That sounds pricy. I believe my Vet charges about $60 for a full office visit. Typical shots are about $50 but usually only done on 3 yr cycle for adults. Kennel cough (Bortad...
by pshonore
Tue Aug 16, 2016 9:14 am
Forum: Personal Consumer Issues
Topic: Question regarding lease transfers
Replies: 4
Views: 520

Re: Question regarding lease transfers

I returned (1 month early) a RAM 1500 back in February. The dealer did a quick walkaround, looked at tires, read the Odometer, made sure Owners Manual was present, etc. and gave me a receipt stating such. Its been more than six months and I have not gotten a bill from the leasing company (Chrysler F...
by pshonore
Tue Aug 16, 2016 8:46 am
Forum: Personal Consumer Issues
Topic: Editing shortcut emacs-like keys. Do u use them?
Replies: 26
Views: 1208

Re: Editing shortcut emacs-like keys. Do u use them?

I wonder if folks are aware of the emacs-like editing keystrokes available when typing in posts. You know: ^-a, ^-e ^-b, ^-f, ^-n, ^-p, ^-v ^-d, ^-k where ^- means press and hold the control key while pressing the following key. That is, ^-a is the same as control-a or ctrl-a. and of course alt-z (...
by pshonore
Tue Aug 16, 2016 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?
Replies: 30
Views: 1678

Re: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?

Remember it only works the first time you do a Roth conversion. Otherwise the next year you have to put up as much you owed in the previous Roth conversion year. (forgetting about minor difference in Safe Harbor if you make over 150K) yr 1 income 200K pay estimated on 200K yr 2 add a 50K Roth conver...
by pshonore
Tue Aug 16, 2016 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?
Replies: 30
Views: 1678

Re: Rollover IRA to Roth conversion, how to pay tax and have 100% of it go to my Roth?

As a business owner I file and pay any taxes I owe before April 15th for the previous tax year (well my accountant does, and the deadline could be different for business owner, but doesn't matter for this discussion). In April, I also pay my first quarterly payment for the current tax year (I pay t...
by pshonore
Mon Aug 15, 2016 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Is there any reason to wait [to do a 2016 Roth conversion]
Replies: 21
Views: 1817

Re: Is there any reason to wait [to do a 2016 Roth conversion]

If you meet either of the Safe Harbors described by Artsdoctor, you're fine. If not, you should pay the additional tax resulting from a 4th quarter conversion by by 1/15.
by pshonore
Mon Aug 15, 2016 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains on Home Flip
Replies: 7
Views: 360

Re: Capital Gains on Home Flip

I believe if you're in the "flipping" business, ordinary income tax rates apply. Sorry, are you suggesting that even if OP held for longer than a year, ordinary income tax rate would apply? I don't think the OP is suggesting it is his/her business? Yes. http://blogs.hrblock.com/2015/06/19...
by pshonore
Mon Aug 15, 2016 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains on Home Flip
Replies: 7
Views: 360

Re: Capital Gains on Home Flip

I believe if you're in the "flipping" business, ordinary income tax rates apply.
by pshonore
Sun Aug 14, 2016 1:36 pm
Forum: Investing - Theory, News & General
Topic: How much of upcoming dividend is in stock price?
Replies: 24
Views: 1724

Re: How much of upcoming dividend is in stock price?

I thought the record date was always AFTER the ex-div date. I believe there is a special rule when a large payout (more than 5%??) is made. If you buy this on 8/16 you certainly will not be an owner on the record date There might be confusion about the declaration date and the record date. Here's t...
by pshonore
Sun Aug 14, 2016 1:25 pm
Forum: Investing - Theory, News & General
Topic: How much of upcoming dividend is in stock price?
Replies: 24
Views: 1724

Re: How much of upcoming dividend is in stock price?

Here is a real world example coming up. Leidos Corporation (LDOS) is declaring a special cash dividend of $13.64 in conjunction with a merger with part of Lockheed Martin: http://www.prnewswire.com/news-releases/leidos-holdings-inc-declares-special-cash-dividend-of-1364-per-share-in-connection-with...
by pshonore
Sun Aug 14, 2016 12:42 pm
Forum: Personal Consumer Issues
Topic: Sealing Asphalt Driveway
Replies: 30
Views: 1651

Re: Sealing Asphalt Driveway

In the south it might not make a big difference, but in the north an un-sealed asphalt driveway wears out fast due to the ice and cold. How does ice and cold wear out a driveway? Water or moisture seeps into the seams of the driveway, then frost freezes it, thereby expanding the surface of the seam...
by pshonore
Sun Aug 14, 2016 12:09 pm
Forum: Personal Consumer Issues
Topic: Sealing Asphalt Driveway
Replies: 30
Views: 1651

Re: Sealing Asphalt Driveway

William4u wrote:In the south it might not make a big difference, but in the north an un-sealed asphalt driveway wears out fast due to the ice and cold.
How does ice and cold wear out a driveway?
by pshonore
Sun Aug 14, 2016 11:44 am
Forum: Personal Consumer Issues
Topic: Sealing Asphalt Driveway
Replies: 30
Views: 1651

Re: Sealing Asphalt Driveway

Here's another opinion on sealing driveways. http://www.askthebuilder.com/blacktop-driveway-sealing/ The author writes a weekly home improvement column for the Tribune newspaper syndicate and usually makes a good case for his arguments. I agree with him that base preparation is the key. When I had m...
by pshonore
Sat Aug 13, 2016 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Remote work W2, State Taxes?
Replies: 8
Views: 802

Re: Remote work W2, State Taxes?

Short of getting a "corrected" W2, you'll probably have to file as a non-resident.
by pshonore
Sat Aug 13, 2016 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp shares/Social Security Question
Replies: 2
Views: 234

Re: S-Corp shares/Social Security Question

S-Corps generally use normal payroll (via W2) to compensate active owners.
by pshonore
Sat Aug 13, 2016 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Is there any reason to wait [to do a 2016 Roth conversion]
Replies: 21
Views: 1817

Re: Is there any reason to wait [to do a 2016 Roth conversion]

^ I've not had to recharacterize but I helped a friend who also received an IRS notice for improper recharacterization. It also worked out in the end but it required more time and energy than I really cared for. And who wants a letter from the IRS? And as far as recharacterization late in the next ...

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