Search found 4367 matches

by pshonore
Fri Jul 29, 2016 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Insure Home for less than replacement value
Replies: 14
Views: 629

Re: Insure Home for less than replacement value

Has anyone had any luck insuring your home for less than the replacement value the insurance companies calculate? I'm not sure if this is a common thing to want to do or if I am just crazy. In my case the replacement value for my home is coming in around 250k based on the insurance companies calcul...
by pshonore
Fri Jul 29, 2016 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Question on IRS filing status
Replies: 7
Views: 288

Re: Question on IRS filing status

Block usually stands behind their returns and will pay any penalties and interest resulting from their mistake . They will also pay the additional tax resulting (up to a certain limit) if she bought their additional guarantee. (Peace of Mind). I think the Single and MFS rates aren't very different s...
by pshonore
Fri Jul 29, 2016 6:21 pm
Forum: Personal Consumer Issues
Topic: Diminished Value Appraisal Recommendation
Replies: 8
Views: 526

Re: Diminished Value Appraisal Recommendation

I've heard some states are thinking of issuing updated DV Titles (Diminshed Value) when a diminished value claim is paid to prevent selling the car for full price down the road.
by pshonore
Fri Jul 29, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: What tax app can i use to prepare my scorp/personal taxes?
Replies: 15
Views: 523

Re: What tax app can i use to prepare my scorp/personal taxes?

Home and business will take an 1120 as input, but I doubt it will create one to file as part of the S-Corp return
by pshonore
Fri Jul 29, 2016 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Mechanical Breakdown Insurance - Yay or Nay?
Replies: 6
Views: 356

Re: Mechanical Breakdown Insurance - Yay or Nay?

$6 month sounds incredibly cheap if it covers anywhere what a Manufacturers extended warranty covers (which of course are overpriced). What is "mechanical breakdown" ? Does it include the AC system and all electrical components, sensors and switches?
by pshonore
Fri Jul 29, 2016 10:12 am
Forum: Personal Finance (Not Investing)
Topic: What tax app can i use to prepare my scorp/personal taxes?
Replies: 15
Views: 523

Re: What tax app can i use to prepare my scorp/personal taxes?

My wife has an ebay business we run as an S-corp, and we both have fulltime jobs. We have used Turbo Tax home and business for quite a few years. It's around $140, including state. The first year can be tricky, but once you figure out where everything goes, it gets easier. Importing from one year t...
by pshonore
Fri Jul 29, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: What tax app can i use to prepare my scorp/personal taxes?
Replies: 15
Views: 523

Re: What tax app can i use to prepare my scorp/personal taxes?

Ive been using an accountant for very long... I just figured my situation seems like it should be so easy, tax software can probably do it at a breeze... We do have a lot of expenses, but its categorized in quickbooks. I believe you just report it in a section in the tax right? i.e. "meals and...
by pshonore
Wed Jul 27, 2016 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Help with Social Security Survivor Benefits [How to locate]
Replies: 3
Views: 316

Re: Legal Help with Social Security Survivor Benefits [How to locate]

You may want start with her US Senator or Representative. Some of them can be quite helpful in this situation.
by pshonore
Wed Jul 27, 2016 11:03 am
Forum: Personal Consumer Issues
Topic: Converting from Oil heat to Gas or Electric
Replies: 40
Views: 1662

Re: Converting from Oil heat to Gas or Electric

I don't think its a huge deal. Straight electric heat is so expensive to operate that it would be a deal-breaker, or make me less interested. Oil was similar when it cost 2X what it does now. Look at what the comparable houses in the area have to offer. If there are many oil-fired houses around, th...
by pshonore
Wed Jul 27, 2016 7:39 am
Forum: Personal Consumer Issues
Topic: Converting from Oil heat to Gas or Electric
Replies: 40
Views: 1662

Re: Converting from Oil heat to Gas or Electric

Depending on your budget and lot size, ground source geothermal might be worth looking into too. How much would geothermal cost? We are still figuring out if NG is even available in the neighborhood, so we might have to stick with Oil unless there is another cheaper alternative. 40K but there subst...
by pshonore
Wed Jul 27, 2016 7:36 am
Forum: Personal Consumer Issues
Topic: Converting from Oil heat to Gas or Electric
Replies: 40
Views: 1662

Re: Converting from Oil heat to Gas or Electric

@jharkin I guess I wasn't clear. My 20% figure was for oil-fired domestic hot water efficiency in the summertime. For space heating the figure for units in the field has been found to be ~70% or so. AFUE does not equal system efficiency. The trends for oil usage in the US and different regions are ...
by pshonore
Tue Jul 26, 2016 4:08 pm
Forum: Personal Consumer Issues
Topic: Converting from Oil heat to Gas or Electric
Replies: 40
Views: 1662

Re: Converting from Oil heat to Gas or Electric

I ditched an oil boiler and oil fired hot water system several years ago, and decided to go all electric....heat pump for space heating and a heat pump water heater for HW. The house did not have central air, so I simply installed a larger duct system (required for heating) and got AC at the same t...
by pshonore
Tue Jul 26, 2016 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Liability insurance needed if renting apartment?
Replies: 14
Views: 684

Re: Liability insurance needed if renting apartment?

I don't have an umbrella policy because I own a house. I have an umbrella policy because I drive a car. Honestly, I can't think of any even remotely likely accident on my (pool-less) property that would exceed my primary homeowners policy limits. Conversely, I could quite easily cause a wreck at 60...
by pshonore
Mon Jul 25, 2016 9:54 am
Forum: Personal Consumer Issues
Topic: What is this strange piece of scientific glassware?
Replies: 46
Views: 4405

Re: What is this strange piece of scientific glassware?

...It's hard to overstate how casually people used to handle mercury. Kids would pour in onto a table and chase it around for amusement... Were you in tenth-grade chemistry with me, 1969? :D I recall having some fun with Sodium and Potassium which I think were kept under water? Its been over 50 yea...
by pshonore
Fri Jul 22, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: Forecasting Health Insurance
Replies: 12
Views: 1053

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: 1148

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: 53
Views: 3736

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: 1148

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: 404

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: 566

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: 1374

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: 2302

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: 1985

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: 1985

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: 1985

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: 971

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: 6087

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: 1462

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: 1462

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: 481

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: 1985

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: 575

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: 4907

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: 1022

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: 3074

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: 206

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: 3074

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: 875

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: 5169

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: 155703

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: 155703

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: 929

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: 2836

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: 2712

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: 1903

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: 517

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: 347

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: 518

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: 3436

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...

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