Search found 5279 matches

by pshonore
Wed Jun 28, 2017 4:48 pm
Forum: Investing - Theory, News & General
Topic: "Find out if your [Vanguard] fund is declaring a quarterly dividend in June."
Replies: 28
Views: 7136

Re: "Find out if your [Vanguard] fund is declaring a quarterly dividend in June."

I have TDAmeritrade. I don't use the mobile app. I look at the vanguard, Ishares, wisdomtree web sites for dividend info. But since you have TDAm and use the mobile app, then you can tell us when it tells you when something goes ex-div. Thanks! Fido showed all the dividend payouts and ex-div dates ...
by pshonore
Wed Jun 28, 2017 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Tax Liability on Selling Former Residence (Now Rental)
Replies: 14
Views: 764

Re: Tax Liability on Selling Former Residence (Now Rental)

In a lot of cases, depreciation will be "recaptured" as ordinary income not to exceed 25%, so that part of the "gain" is not eligible for cap gain rates.
by pshonore
Mon Jun 26, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Won an ATV in a raffle...now what?
Replies: 39
Views: 2925

Re: Won an ATV in a raffle...now what?

The rules state "winner will be responsible for tax, title, registration, license and transportation." Tax in that case probably refers to State Sales tax assuming your state imposes one. Of courses that becomes an itemized deduction assuming you have enough other deductions to exceed the...
by pshonore
Mon Jun 26, 2017 12:04 pm
Forum: Personal Consumer Issues
Topic: Home insurance post-payoff?
Replies: 10
Views: 940

Re: Home insurance post-payoff?

Note you should insure to the "replacement cost" value. That can be substantially more (and sometimes even less) than the "market/appraised" value
by pshonore
Fri Jun 23, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp and withholding tax
Replies: 2
Views: 244

Re: S Corp and withholding tax

But won't he have 12 months of business income on his personal return? (9 months on a W2 , and 3 months of business income which will end up on a K1, assuming there is no year end payroll) Ignoring expenses of course.
by pshonore
Wed Jun 21, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Help with Guns in Estate [how to sell]
Replies: 56
Views: 4353

Re: Help with Guns in Estate [how to sell]

Note that depending on where you live, it may be illegal to transport firearms in your vehicle, unless you have a permit "to carry" or have a hunting license. Perhaps the gun dealers can come to you or friend with a permit can transport for you. Not in Oregon. What state does this? Its ce...
by pshonore
Wed Jun 21, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: Help with Guns in Estate [how to sell]
Replies: 56
Views: 4353

Re: Help with Guns in Estate [how to sell]

Note that depending on where you live, it may be illegal to transport firearms in your vehicle, unless you have a permit "to carry" or have a hunting license. Perhaps the gun dealers can come to you or friend with a permit can transport for you.
by pshonore
Tue Jun 20, 2017 8:20 am
Forum: Personal Consumer Issues
Topic: For Sale By Owner HOUSE- Advice Please
Replies: 26
Views: 2890

Re: For Sale By Owner HOUSE- Advice Please

I sold a house FSBO in NH, all we needed was a title company. Agree above, no point in giving away money to a realtor if they did no work. You listed, have an offer. Move forward. Just make sure the buyer can prove assets (or proof of lending) before getting under contract , otherwise you lose out ...
by pshonore
Sat Jun 17, 2017 4:17 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 31
Views: 3941

Re: Contractor took deposit but never did any work. What next?

In CT, all licensed home improvement contractors contribute to a "guarantee" fund which is used to reimburse consumers in this kind of situation and similar ones. However, it only covers licensed contractors. If you use an unlicensed contractor, don't plan on getting reimbursement from the...
by pshonore
Sat Jun 17, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid Capital Gain Tax
Replies: 4
Views: 955

Re: How to avoid Capital Gain Tax

Also be aware that selling rental property usually results in recapture of some depreciation which is taxed as ordinary income to a max of 25%
by pshonore
Mon Jun 12, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decide how to get [paid: W-2 or 1099?]
Replies: 15
Views: 1301

Re: Can't decide how to get pay.

twins2012 wrote: I am thinking about 1099 because I can contribute all 52K to SEP-IRA. What would you do? Thanks.

Max contribution for a SEP-IRA is 20% of net profit adjusted by 1/2 of SE tax. For a sole proprietor, that would be just under 10K
by pshonore
Thu Apr 27, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 4562

Re: USAA 2.5% unlimited Cash back Card - Weird...

I just got approved in about 90 seconds. Been a member for several years but this is my "first" product through USAA. Will probably switch my Auto to them next month. Now I have 90 days to arrange a Direct Deposit or the rewards drop to 1.5%. I'm doing an ACH from my Vanguard Money Market...
by pshonore
Thu Apr 27, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 4562

Re: USAA 2.5% unlimited Cash back Card - Weird...

I just got approved in about 90 seconds. Been a member for several years but this is my "first" product through USAA. Will probably switch my Auto to them next month. Now I have 90 days to arrange a Direct Deposit or the rewards drop to 1.5%.
by pshonore
Thu Apr 27, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to report Box 10. Net Section 1231 Gain (Loss) from schedule K-1 to Form 4797?
Replies: 6
Views: 630

Re: How to report Box 10. Net Section 1231 Gain (Loss) from schedule K-1 to Form 4797?

If you made a complete disposition, thats fine. Don't forget you also deduct any losses carried over from prior years in Box 1 and Box 10 as long as you didn't apply then against income in those years.
by pshonore
Thu Apr 27, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Question on realized cap gain / estimated taxes
Replies: 16
Views: 728

Re: Question on realized cap gain / estimated taxes

Maybe it's more complicated than I thought! A little clarifying information -- the $4,100 is what Turbo Tax spit out. My total federal tax liability last year was around $55k and I had a few income events for which withholding wasn't done. I owed about 11k paid in April of this year. So, if I make ...
by pshonore
Thu Apr 27, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spreadsheet help (excel)
Replies: 11
Views: 705

Re: Retirement spreadsheet help (excel)

I am using Excel to do a retirement spread sheet and I really like the 'retirement planner' template that Microsoft has here https://templates.office.com/en-us/Retirement-financial-planner-TM04022385 The problem is I am not really knowledgeable about excel and I can't seem to modify it to have a di...
by pshonore
Thu Apr 27, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: Hourly rate for carpenter?
Replies: 15
Views: 1770

Re: Hourly rate for carpenter?

are you paying them to do work for you as a homeowner or are you hiring them as employees? for a homeowner, the going rates in my city are about 2x what Saving$ posted As a homeowner. Need dry rot replaced. That can be a tough one as the extent of the job may not be known until "demo" is ...
by pshonore
Wed Apr 26, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: grandparent college loan options
Replies: 16
Views: 977

Re: grandparent college loan options

great ideas. I just remembered I have some 25 year old ee saving bonds. if used for education they are tax free. what websites can lead me to find unclaimed scholarships? book? I'm not positive but I don't think a grandparent can exclude ee bond interest (unless the student is the grandparent's dep...
by pshonore
Wed Apr 26, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple acct Roth conversion/recharacterization strategy
Replies: 4
Views: 258

Re: Multiple acct Roth conversion/recharacterization strategy

Amended returns are not particularly difficult. And you can avoid them by asking for an extension until October for your return which coincides with the recharacterization deadline. Of course you must still pay any balance due by 4/15.
by pshonore
Wed Apr 26, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: grandparent college loan options
Replies: 16
Views: 977

Re: grandparent college loan options

great ideas. I just remembered I have some 25 year old ee saving bonds. if used for education they are tax free. what websites can lead me to find unclaimed scholarships? book? I'm not positive but I don't think a grandparent can exclude ee bond interest (unless the student is the grandparent's dep...
by pshonore
Tue Apr 25, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good long term care policy?
Replies: 11
Views: 766

Re: Is this a good long term care policy?

It depends on where you are. Typical nursing home is around $150K/yr in greater NY/NJ/CT. Will probably be $350-$400K in 2041. Other areas could be a little as half that. How long the policy pays can make a big difference as well.
by pshonore
Tue Apr 25, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: House sale to cover long term care expense
Replies: 5
Views: 828

Re: House sale to cover long term care expense

My neighbor across the street had to move to assisted living last year. Her kids then tried to sell the house. They could not get their asking price. So they decided to fix it up and now one of the kids lives there. I wonder how the mother is paying for the assisted living? I am glad your sale work...
by pshonore
Tue Apr 25, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 56
Views: 5213

Re: Issue With Real Estate Agent (Seller)

I hate to be blunt, but I think you're trying to justify your price to yourself rather than accept market feedback. As others have mentioned you need to reset your market expectations and if you think you have the yeild curve perfect consider renting it out for a period. When my wife and I purchase...
by pshonore
Tue Apr 25, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 56
Views: 5213

Re: Issue With Real Estate Agent (Seller)

You can negotiate the commission, but I would stick to offering full commission to the buyer's agent and only negotiating on the listing agent's commission. I am a first time home seller and I just listed my home, so take this with a grain of salt, but I was able to negotiate a 1.5% commission to t...
by pshonore
Mon Apr 24, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 3842

Re: Zero-Turn Mowers

Thank you all for the responses! I ended up purchasing a Cub Cadet RZT L 46 inch mower. I went with this mower for a couple reasons. First, I was able to get a fabricated deck which was almost impossible to find at the price I wanted. The second is I liked the look and feel of the mower compared to...
by pshonore
Mon Apr 24, 2017 10:27 am
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 3842

Re: Zero-Turn Mowers

I've never had a ZT but I do have a big old Gravely Kohler walk behind 2 wheeler with a 50" mower deck out front. It has an optional steering brake which allows you to turn on a dime and makes handling a big machine much easier. However using the steering brake while backing up is not advised. ...
by pshonore
Mon Apr 24, 2017 8:51 am
Forum: Personal Consumer Issues
Topic: Buying weekend home: suburbs or rural? (yard privacy important)
Replies: 24
Views: 2219

Re: Buying weekend home: suburbs or rural? (yard privacy important)

We purchased along the CT shoreline. A lot of New Yorkers have weekend places up here. Initially we rented a place in the same town for several summer vacations. Eventually we bought a weekend place that backs up to a state beach and has unobstructed views of the Sound. There are also a lot of lake...
by pshonore
Mon Apr 24, 2017 8:20 am
Forum: Personal Consumer Issues
Topic: Comcast negotiations
Replies: 58
Views: 6397

Re: Comcast negotiations

Not Comcast, but Direct TV called a few weeks ago and offered to upgrade all my equipment for free AND a $25/month credit for 12 months if I agreed to a 12 month contract. I think lots of people are cutting the cable.
by pshonore
Sun Apr 23, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 4562

Re: USAA 2.5% unlimited Cash back Card - Weird...

I've several USAA ads where relatives of members were allowed to join. Not sure how close the relative has to be but children of members, siblings, parents etc. probably qualify. Much simpler than Navy FCU. NFCU's requirements are much more flexible than USAA's. USAA membership is passed to spouses...
by pshonore
Sun Apr 23, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Considering Non-tangible Assets as Part of an Estate
Replies: 6
Views: 602

Re: Considering Non-tangible Assets as Part of an Estate

Gift cards squireled away in some drawer. Or e-gift cards. Can be registered in your name sometimes but likely not for a physical card.
by pshonore
Sun Apr 23, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 4562

Re: USAA 2.5% unlimited Cash back Card - Weird...

Credit card companies do weird things at times. About a year or so ago I was refreshing the wardrobe at TJ Maxx and since the purchase was going to be in the few hundred range decided I would take the additional 10% new card applicant discount beside my senior Monday discount. Did the appropriate p...
by pshonore
Sat Apr 22, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does mom need estate planning?
Replies: 12
Views: 1067

Re: Does mom need estate planning?

And by making you co-owner of assets, she may have eliminated 1/2 of the step-up in basis you would have gotten on some of those assets (residence, rental property, etc)
by pshonore
Sat Apr 22, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 56
Views: 5213

Re: Issue With Real Estate Agent (Seller)

If your agent knows the property, can answer questions from a buyer, and can get feedback form other agents showing the property, then I see no compelling reason why she has to be present at showings. Has she done an Open House? That usually does not result in a sale but can sometime provide meaning...
by pshonore
Sat Apr 22, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: IRA One-Rollover-Per-Year Rule
Replies: 6
Views: 463

Re: IRA One-Rollover-Per-Year Rule

Twice this year I did a trustee to trustee transfer from an old 401k to a Vanguard IRA. I still have money left in the old 401k and want to do a third transfer. I am confused on the IRA one-Rollover-Per-Year Rule. I think I am fine because it appears that trustee to trustee transfers do not apply b...
by pshonore
Sat Apr 22, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Mom's Universal Life Insurance – Keep or not?
Replies: 8
Views: 968

Re: Mom's Universal Life Insurance – Keep or not?

Is that the guaranteed premium or a projected premium. Those underfunded UL policies are notorious for huge increasing premiums. Ask for the guaranteed premium to age 100. Good point; it might be 1K this year and increase 10-15% every year. Best to get an in-force illustration from the company/agent.
by pshonore
Sat Apr 22, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 991

Re: K-1 Distributions of Dividends

Dividends count toward gross income but as I said previously, you have to look at the Qual Dividends and Cap Gains worksheets to see how they're taxed
by pshonore
Fri Apr 21, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 991

Re: K-1 Distributions of Dividends

What kind of a K1?? Trust, Partnership, S-Corp? Partnership dividends (the normal investment type) usually show up in 6a and 6b so its probably not one of those. Generally, dividends passed through are taxed at your rate and if you're in the 15% bracket, there should be no tax if they're qualiifed....
by pshonore
Fri Apr 21, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 991

Re: K-1 Distributions of Dividends

Probably because all the ordinary dividends were considered to be qualified. Qualified dividends are a subset. Normally a small percentage is not due to holding period, foreign origin, etc. Your tax software will figure it out If that is the case, why would I have to pay income tax on it since I am...
by pshonore
Fri Apr 21, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 Distributions of Dividends
Replies: 13
Views: 991

Re: K-1 Distributions of Dividends

Probably because all the ordinary dividends were considered to be qualified. Qualified dividends are a subset. Normally a small percentage is not due to holding period, foreign origin, etc. Your tax software will figure it out
by pshonore
Fri Apr 21, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Quick Dividend Automatic Reinvesting Question
Replies: 6
Views: 757

Re: Quick Dividend Automatic Reinvesting Question

tchasteen wrote:Thanks Bertilak and Alex,

I hadn't realized that dividends were not included in total value of the market.

I appreciate the link Derby!
They are however included in the performance figures of "market" ETFs like IVV and VOO which track the S&P 500 and Mutual funds as well (VFIAX)
by pshonore
Thu Apr 20, 2017 5:20 pm
Forum: Personal Consumer Issues
Topic: Costco battery replacement possible after a year and half?
Replies: 11
Views: 1099

Re: Costco battery replacement possible after a year and half?

Funny, I just bought a battery today and was told to photocopy the receipt. If the original receipt fades (normal these days), the start date will be the date of manufacture (which could by 6 or 7 months ago depending on where you buy it.)
by pshonore
Thu Apr 20, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Keep Mortgaged Home For Rental Property - Equity In ROI?
Replies: 14
Views: 1196

Re: Keep Mortgaged Home For Rental Property - Equity In ROI?

David Jay wrote:No capital gains on a primary residence.
Sure there are but only if you have a net gain of more than 500K (MFJ status) including any gains "postponed" when that was allowed.
by pshonore
Thu Apr 20, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: How to Handle Taxes on One Time Windfall (sale)
Replies: 13
Views: 1036

Re: How to Handle Taxes on One Time Windfall (sale)

I own a share of a limited partnership that is selling its major asset. In about a week I will be receiving funds and will incur about a $220K long term gain. Any suggestions on how to deal with the taxes to avoid penalties? I have read about the "safe harbor" provision for estimating tax...
by pshonore
Thu Apr 20, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: Fidelity card 2% but NOT as statement credit
Replies: 27
Views: 2686

Re: Fidelity card 2% but NOT as statement credit

I also get periodic offers from Fido CC of an extra 1% for up to 2K of purchase during a certain period (60 days before XMAS, from March 1 to May 1, etc. Its getting difficult to remember all that stuff.
by pshonore
Thu Apr 20, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Fidelity card 2% but NOT as statement credit
Replies: 27
Views: 2686

Re: Fidelity card 2% but NOT as statement credit

Believe USAA has a new 2.5% rewards (on all purchases) credit card . Only requirement is a free USAA checking account with 1 direct deposit of 1K each /month (SS, payroll, pension, etc)
by pshonore
Thu Apr 20, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: Return Fraud at Big Box and "The Retail Equation"
Replies: 19
Views: 2514

Re: Return Fraud at Big Box and "The Retail Equation"

HD has a new policy; if you get a store credit you must show driver's license. When using that store credit you must show the same license. Should not be a problem for honest folks but will not allow the bad guys to "sell" the store credit.
by pshonore
Thu Apr 20, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: Visualizing the devastating impact of fees
Replies: 54
Views: 5144

Re: Visualizing the devastating impact of fees

There is one major distortion in the way this data is presented and labeled in the graph. In a case where 10K was invested at 10% with no advisor, the investor winds up with approx 452K after 40 years. If the advisor got 2%, the investor winds up with 239K and the advisor nets 56K. Still outrageous...
by pshonore
Thu Apr 20, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: Visualizing the devastating impact of fees
Replies: 54
Views: 5144

Re: Visualizing the devastating impact of fees

There is one major distortion in the way this data is presented and labeled in the graph. In a case where 10K was invested at 10% with no advisor, the investor winds up with approx 452K after 40 years. If the advisor got 2%, the investor winds up with 239K and the advisor nets 56K. Still outrageous ...
by pshonore
Thu Apr 20, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Does Insurance Have to Pay an Out-of-Network Ambulance Bill in Full?
Replies: 46
Views: 3138

Re: Does Insurance Have to Pay an Out-of-Network Ambulance Bill in Full?

None of this would be an issue if insurance companies paid reasonable rates to begin with. Everyone would want to be in-network. I'm sure insurance companies would love to pay "reasonable rates". However they're really just passing through premium dollars. A significant increase in payout...
by pshonore
Wed Apr 19, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: Mens Blue Jeans - What are we buying now?!
Replies: 86
Views: 8408

Re: Mens Blue Jeans - What are we buying now?!

I wear a no name brand because I bought a few hundred pair on closeout for $1.05 a pair. Triple stitched heavy duty denim from when a hardware supplier stupidly thought they'd make a splash into clothing, and they got burned badly. At least I came out smelling like a rose :D Other than that, Carhar...

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