Search found 4353 matches

by pshonore
Fri Jul 22, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: Forecasting Health Insurance
Replies: 12
Views: 1007

Re: Forecasting Health Insurance

[OT comment removed by moderator prudent] Our nation has by far the highest annual premiums yet ranks around 37th in quality of care. What is the criteria for "quality of care"? Does anyone think UK, Canada, etc. has better healthcare. Now if you said "affordable and available to eve...
by pshonore
Thu Jul 21, 2016 2:42 pm
Forum: Personal Consumer Issues
Topic: Negotiating car insurance premium with Geico
Replies: 16
Views: 1113

Re: Negotiating car insurance premium with Geico

Automobile insurance rates are set by applying various rating factors not by individual negotiation. One should discuss if all possible discounts have been applied and coverage levels have been set appropriately. One should re-quote with other companies yearly or at least every 2 years. Automobile ...
by pshonore
Thu Jul 21, 2016 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 44
Views: 2673

Re: Premium increase for federal employee long term care insurance

Lets cut the actuaries some slack (that guy who drowned in a stream that had an average depth of 4 inches). They've evidently badly underestimated the number of policies that are lapsing. People are living longer as well but my guess is they are also requiring more "custodial care" as they...
by pshonore
Thu Jul 21, 2016 10:01 am
Forum: Personal Consumer Issues
Topic: Negotiating car insurance premium with Geico
Replies: 16
Views: 1113

Re: Negotiating car insurance premium with Geico

I'm always puzzled by people shopping for insurance based on a low price. Companies that cut corners to give low prices will usually do the same on claims and service. If I were shopping I would check with my State Insurance dept to find which companies had the lowest complaint ratios (number of com...
by pshonore
Thu Jul 21, 2016 7:03 am
Forum: Personal Finance (Not Investing)
Topic: How To Maximize Education Tax Credits
Replies: 4
Views: 394

Re: How To Maximize Education Tax Credits

If you're an employee, I believe there is a 2% floor for any educational expenses and other employee business expenses taken on Sched A via Form 2106.
by pshonore
Wed Jul 20, 2016 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Taxcaster for state returns
Replies: 5
Views: 543

Re: Taxcaster for state returns

Tax Act 2014 had a State Planning Worksheet section for all states that had an income tax. You input a given field (Federal AGI as an example) in the planning w/s and other adjustments, credit, etc and it would your figure tax due. It was interesting to see how much taxes differed between all the st...
by pshonore
Tue Jul 19, 2016 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Citi price rewind
Replies: 11
Views: 1337

Re: Costco Citi price rewind

I thought a lot of larger retailers (Best Buy, etc) will refund the difference from a sale price by a competitor within xx days. Pretty common occurrence with large appliances. I wonder if you can double dip?
by pshonore
Tue Jul 19, 2016 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Step Up Social Security Question
Replies: 37
Views: 2275

Re: Spousal Step Up Social Security Question

I believe there is still a "re-do" within 12 months of collecting (prior to FRA). But you must pay back all benefits including others collecting on those earnings, if any, as well.
by pshonore
Mon Jul 18, 2016 8:26 pm
Forum: Personal Consumer Issues
Topic: Kitchen Faucet & Sink recommendations?
Replies: 36
Views: 1964

Re: Kitchen Faucet & Sink recommendations?

In the diagram you posted wouldn't you have water sitting in the J pipe #3 also? Yes, you absolutely want water sitting in Pipe 3. All plumbing drain fixtures need a "trap" or seal to prevent sewer gas etc. from leaking back to the house. Every sink should have a trap. In a toilet, the bo...
by pshonore
Mon Jul 18, 2016 2:23 pm
Forum: Personal Consumer Issues
Topic: Kitchen Faucet & Sink recommendations?
Replies: 36
Views: 1964

Re: Kitchen Faucet & Sink recommendations?

In this picture, if the bottom of the new sink is too low, then the outlet (#4) may need to be lowered going into the wall to drain properly and meet code. Indeed my #1 pipe would be 1" below my #4 pipe. Couldn't you just put a small curved connector to get it up to #4's height? Think that wou...
by pshonore
Mon Jul 18, 2016 2:18 pm
Forum: Personal Consumer Issues
Topic: Kitchen Faucet & Sink recommendations?
Replies: 36
Views: 1964

Re: Kitchen Faucet & Sink recommendations?

I just removed a Miseno MK500 faucet. (2 years old) SS finish. New granite coming tomorrow so new sink and faucet are coming as well. Its in great condition, original box and all paperwork included. If anyone is interested in a great deal, PM me and we'll work something out. http://www.faucetdirect....
by pshonore
Mon Jul 18, 2016 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Large Cap Gain in Cash and AA has to be redone.
Replies: 12
Views: 937

Re: Large Cap Gain in Cash and AA has to be redone.

Time for me to increase my Bond Portfolio over the next few years. I do not have room in my IRA, so it will have to be in my Taxable accounts. I have a large amount of CASH from a stock merger and the tax consequences are significant. I met with a CPA and he said not to have ANY more taxable invest...
by pshonore
Mon Jul 18, 2016 7:28 am
Forum: Personal Consumer Issues
Topic: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]
Replies: 81
Views: 6056

Re: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]

Per the following electric rates in the US vary from about 7 to 16 cents per kW/hr except for Hawaii where they are 33 cents :shock: . Most folks in CT and MA are paying north of 20 cents/kw. My last bill was .174/kwh (.0587 generation and the balance was delivery, etc). My bill before that was .21...
by pshonore
Mon Jul 18, 2016 6:54 am
Forum: Personal Finance (Not Investing)
Topic: State income tax question
Replies: 16
Views: 1450

Re: State income tax question

As I understand it, TN (along with TX, NH, WA, NV, FL and a few others do not tax wages). So no income tax if he lives in one of those states. However if he works in a state with an income tax, he will pay tax to that state on those wages only, regardless of where he lives.
by pshonore
Sun Jul 17, 2016 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: State income tax question
Replies: 16
Views: 1450

Re: State income tax question

I think he owes taxes to his residence state (NC) on all income and is eligible for a credit for taxes paid to another state, if any. At one time, CT used to match Federal records and look for State returns for all Federal returns with a CT address. I'd be surprised if NC does not do something simil...
by pshonore
Sun Jul 17, 2016 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Medicaid and Roth
Replies: 3
Views: 462

Re: Medicaid and Roth

Assuming he has no Traditional IRA to convert to a Roth, he would need earned income to contribute to a Roth. Of course even doing a Roth conversion would usually generate reportable income and could affect his Medicaid status, income limits, etc
by pshonore
Sun Jul 17, 2016 5:02 pm
Forum: Personal Consumer Issues
Topic: Kitchen Faucet & Sink recommendations?
Replies: 36
Views: 1964

Re: Kitchen Faucet & Sink recommendations?

We installed a Kraus (German name, Chinese product) undermount zero radius stainless steel sink with new countertop. Seems fine. Our Kraus is fantastic, and cost 1/8 what we would have paid for a Kohler or one of the other fancy brands. Their prices have gone up a bit since we purchased, but still ...
by pshonore
Sun Jul 17, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Realizing capital gain in company account; reasonable compensation?
Replies: 8
Views: 533

Re: Realizing capital gain in company account; reasonable compensation?

Don't cap gains get passed through as such to shareholders?

I know there are restrictions on S-Corps and passive income but don't know if cap gains from "investments" are considered passive.
by pshonore
Fri Jul 15, 2016 12:28 pm
Forum: Personal Consumer Issues
Topic: Retired a year - big loss [ :) ]
Replies: 25
Views: 4881

Re: Retired a year - big loss [ :) ]

That's great. Please tell us how you did it. Diet? exercise? etc.
by pshonore
Fri Jul 15, 2016 12:27 pm
Forum: Investing - Theory, News & General
Topic: Converting 1/2 of an IRA to Roth this year and 1/2 next year?
Replies: 20
Views: 1015

Re: Converting 1/2 of an IRA to Roth this year and 1/2 next year?

Doubtful you're paying much income tax right now with your current income although we don't know your marital status, deductions, etc. I would use tax software to simulate a one time conversion, versus two years versus say six years which might keep you in the 15% bracket but would probably make 85%...
by pshonore
Fri Jul 15, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: How badly did I get ripped off? [Auto lease]
Replies: 21
Views: 3049

Re: How badly did I get ripped off?

What! Bogleheads talking about lease??? You had me at lease.. why would anyone lease a car unless there are some tax advantages (like running a business)? If you look at the Honda deal link, its no money down and a buyout of 55% after 3 years which sounds ok, You have minimal upfront cash and can g...
by pshonore
Fri Jul 15, 2016 10:57 am
Forum: Investing - Help with Personal Investments
Topic: "ETF Equivalent" of VFITX
Replies: 5
Views: 193

Re: "ETF Equivalent" of VFITX

VGIT comes to mind. There are several others
by pshonore
Fri Jul 15, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: How badly did I get ripped off? [Auto lease]
Replies: 21
Views: 3049

Re: How badly did I get ripped off?

I searched my local Honda dealer. You can lease a new Accord with zero down for $168 a month for 36 months or with $3k down for $68 a month for 24 months. While I'm a huge non-fan of this dealer, they are offering a far better car for less money. These are auto cars and they have 350 of them. This ...
by pshonore
Wed Jul 13, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Nortwestern Whole Life Issue
Replies: 6
Views: 863

Re: Nortwestern Whole Life Issue

Here's a rather detailed article from Michael Kitces on the problems of letting a WL policy lapse if there's a loan.

http://kitces.us6.list-manage.com/track ... 637ea94098
by pshonore
Tue Jul 12, 2016 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Placing a limit buy order against a bank account?
Replies: 9
Views: 393

Re: Placing a limit buy order against a bank account?

There's a proposal to go to T+2 settlement in the 3rd quarter of 2017. Not sure where that stands.

http://www.ust2.com/pdfs/T2-Playbook-12-21-15.pdf
by pshonore
Sun Jul 10, 2016 8:00 pm
Forum: Personal Consumer Issues
Topic: Tax Preparation--Anyone try this as second income
Replies: 40
Views: 5132

Re: Tax Preparation--Anyone try this as second income

For those of you who have taken the H&R Block tax course and then worked for them for any period of time I would ask these questions. How are their charges for a return determined and do they "up sell" by adding more forms than are really necessary to a tax return? Depends; some offic...
by pshonore
Sat Jul 09, 2016 8:44 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155129

Re: What are you up YTD? [Year To Date]

For those of you using XIRR, do you include reinvested dividends as contributions? My XIRR returns are slightly higher than Fidelity's, except for my Roth, which is much higher. XIRR is giving me 15.5% YTD but I think the actual is more like 10-11%. Not sure where the problem is. Know that XIRR ann...
by pshonore
Fri Jul 08, 2016 7:06 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1004
Views: 155129

Re: What are you up YTD? [Year To Date]

Cramerica wrote:When you guys report here how much you're 'up,' you are reporting based on the XIRR formula, correct?

Using XIRR for a periods of less than a year (like YTD) can give misleading results since the return is annualized. You can avoid that by setting the end date to 1/1/17. Or use the Longinvest s/s.
by pshonore
Fri Jul 08, 2016 9:59 am
Forum: Investing - Theory, News & General
Topic: Annualized returns and growth of $10K
Replies: 13
Views: 920

Re: Annualized returns and growth of $10K

If you're talking return from inception, Wellesley has been around since 1970, High Yield Corp since 1978. Those 8 additional years of returns make a difference in the growth of 10K.
by pshonore
Fri Jul 08, 2016 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent Boston area?
Replies: 35
Views: 2816

Re: Buy vs rent Boston area?

Where you live is primarily a lifestyle decision and not a pure financial one, below are two houses that are roughly comparable, one requires an $85 T pass, the other requires $318 commuter rail pass, double these figures if their are two commuters. $509k 1.5miles from the T, 10 Miles to Boston htt...
by pshonore
Fri Jul 08, 2016 8:53 am
Forum: Personal Consumer Issues
Topic: Mice in my grill
Replies: 32
Views: 2694

Re: Mice in my grill

Use your grill more often. Good advice. Bigger problem with gills can be spiders building nests in the Venturi tubes. Quality grills try to design tubes to prevent that but it is something to watch for and can gas flow problems, explosions, etc. My big problem is with mice building nests in the shr...
by pshonore
Thu Jul 07, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: How do realtors buy/sell their own homes?
Replies: 12
Views: 1890

Re: How do realtors buy/sell their own homes?

Thanks for the thoughtful replies to my detailed list of questions: It is interesting to attach a numerical value to an obvious bias: They wait longer and get more money. "An agent keeps her own home on the market an average of 10 days longer and sells it for an extra 3-plus percent." htt...
by pshonore
Wed Jul 06, 2016 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Can long term losses be used to offset ST gains?
Replies: 7
Views: 503

Re: Can long term losses be used to offset ST gains?

Yes. After the match up, whatever is leftover still gets to offset. You can see this happening on your tax return. I believe margin interest is deductible on Schedule A. A google search will give you a longer answer and require reading the IRS instructions. Margin interest is generally deductible t...
by pshonore
Wed Jul 06, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Suspended Passive Activity Losses for Rental (sale)
Replies: 5
Views: 344

Re: Suspended Passive Activity Losses for Rental (sale)

Just a reminder not to forget about recapturing depreciation when you sell rental property. Perhaps your carryover losses might be used (in effect) to offset that.
by pshonore
Tue Jul 05, 2016 7:52 am
Forum: Personal Finance (Not Investing)
Topic: NUA Calculator? [Net Unrealized Appreciation]
Replies: 8
Views: 507

Re: NUA Calculator?

Net Unrealized Appreciation. ie. the potential tax break on employer shares held in a 401K.
by pshonore
Mon Jul 04, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected Medical Facility Charges - Outpatient Surgery
Replies: 48
Views: 3408

Re: Unexpected Medical Facility Charges - Outpatient Surgery

Here's my recent experience. Had a minor umbilical hernia surgical repair. It was done in the local hospital Operating Room on an outpatient basis. Arrived at the facility about 1:30, walked out (actually had to leave in wheel chair of, course) about 4:30. Total hospital bill was $13K+. Medicare pai...
by pshonore
Mon Jul 04, 2016 7:54 am
Forum: Personal Consumer Issues
Topic: My Excel is 9 yrs old(2007). Update??
Replies: 28
Views: 1989

Re: My Excel is 9 yrs old(2007). Update??

Heck, I'm still using Lotus 123. Just kidding, but who remembers the early days of PCs when Lotus and WordPerfect (or similar products) were the heavy hitters? Stick an IRMA card in a PC and it turned into a 3270 terminal emulator. Of course the was all in the pre-Internet days or perhaps I should s...
by pshonore
Fri Jul 01, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1597

Re: Social Security Question

Thanks Zott and pshonore. You have been very helpful. I will contact SS as suggested. I planned to do that anyway, but thought I would run it by the Bogleheads first. Thanks again. One last comment - looking at the SS website, it appears her benefit (on her own record) will increase by 31.5% plus a...
by pshonore
Thu Jun 30, 2016 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Do you have to pay taxes when you sell your assets in your 401k account?
Replies: 10
Views: 923

Re: Do you have to pay taxes when you sell your assets in your 401k account?

There can be special tax treatment for employer stock in a 401K under certain circumstances. Google "Net Unrealized Appreciation"
by pshonore
Thu Jun 30, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1597

Re: Social Security Question

Depends on when your wife started collecting (before or after FRA) and if at FRA or later, did she file a restricted application for only a Spousal benefit. If she was born in 1941, Her FRA is 65 years and 8 months. She was born in 1940 (DOB 09/29/40). I don't know if she filed a restricted applica...
by pshonore
Thu Jun 30, 2016 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1597

Re: Social Security Question

Depends on when your wife started collecting (before or after FRA) and if at FRA or later, did she file a restricted application for only a Spousal benefit. If she was born in 1941, Her FRA is 65 years and 8 months. She was born in 1940 (DOB 09/29/40). I don't know if she filed a restricted applica...
by pshonore
Thu Jun 30, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1597

Re: Social Security Question

Depends on when your wife started collecting (before or after FRA) and if at FRA or later, did she file a restricted application for only a Spousal benefit. If she was born in 1941, Her FRA is 65 years and 8 months.
by pshonore
Thu Jun 30, 2016 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: 15K Deposit after Attorney Review. Buying a house. Is this Normal???
Replies: 31
Views: 2633

Re: 15K Deposit after Attorney Review. Buying a house. Is this Normal???

Never heard of earnest money before, must be common on some areas. I placed a small amount for earnest money based on realtors recommendation to show that we are serious buyers. My initial thought was when you put an offer to a house, aren't you serious already? All real estate is "local"...
by pshonore
Thu Jun 30, 2016 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Which Kind of Retirement Plan for Small Business (LLC with married Members)
Replies: 16
Views: 814

Re: Which Kind of Retirement Plan for Small Business (LLC with married Members)

It is a two member LLC, Husband and Wife with a 80/20% Equity Split. My understanding is both have to be paid a "Reasonable Wage", even as owners. There are no other, and plan to be no other employees. But how are you taxed?? LLCs can be taxed as Sole prop (Sched C), Partnership, S-Corp -...
by pshonore
Thu Jun 30, 2016 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: 15K Deposit after Attorney Review. Buying a house. Is this Normal???
Replies: 31
Views: 2633

Re: 15K Deposit after Attorney Review. Buying a house. Is this Normal???

I worked in Real Estate for a number of years and can't remember anyone losing earnest money/down payment/whatever you want to call it. In those days it was common to put $500 - $1000 with the offer, perhaps 5% more when offer was accepted and perhaps another 5 - 10% when contingencies were removed....
by pshonore
Thu Jun 30, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Medical residents; Married Filing Separately as Independent Contractor???
Replies: 6
Views: 397

Re: Medical residents; Married Filing Separately as Independent Contractor???

Ah I see. My understanding of the tax code is pretty limited. I am confusing "deducting business expenses" with "itemizing deductions." To clarify: Even with married filing separately status I should be able to deduct business expenses while both my wife and I claim the standard...
by pshonore
Thu Jun 30, 2016 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Medical residents; Married Filing Separately as Independent Contractor???
Replies: 6
Views: 397

Re: Medical residents; Married Filing Separately as Independent Contractor???

Why would you have to itemize deductions? If you're a 1099 person, you need to keep track of and deduct business expenses on Sched C, etc, but there's nothing to stop you from taking the Standard deduction( or half of it if filing as MFS) if that's advantageous.
by pshonore
Wed Jun 29, 2016 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Help A Special Education Teacher Retire!
Replies: 26
Views: 2810

Re: Help A Special Education Teacher Retire!

Sorry I should have clarified - The house is not sold yet. We are moving the 75K in cash into the bank as a first step and concerned about a tax issue. When you sell the house, there will be tax only on the amount over $250K, so you should set aside any money in the bank which is needed to pay the ...
by pshonore
Mon Jun 27, 2016 4:38 pm
Forum: Personal Consumer Issues
Topic: 3 Day Old Odyssey in an Accident- Anything I should know?
Replies: 16
Views: 1090

Re: 3 Day Old Odyssey in an Accident- Anything I should know?

Insurance companies apply a formula to determine DV. I'm not sure how you would find out what that formula is, but maybe Google will help. I did some searching and it appears there is an industry standard formula the insurance companies use, but they are not required to, per se. Additionally, there...
by pshonore
Sun Jun 26, 2016 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: How do I start a side job as a musician and avoid audit?
Replies: 15
Views: 1443

Re: How do I start a side job as a musician and avoid audit?

Declare your side income using schedules C/SE on your tax return assuming you're not going to incorporate. The income reported this way can be used to contribute to Solo 401k. Keep in mind that the Employee salary deferral contribution limit of 18K (24K if age 50+)for solo 401k is shared across all...

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