Search found 5433 matches

by pshonore
Sun Aug 20, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 167
Views: 11803

Re: Lost $7000 today in ONE DAY!

A few people mentioned/suggested the OP consider TLH due to this loss. I apologize if this is a thread hijack- moderators please feel free to move - but do people think this 1.5% percentage drop would be big enough to safely put in an order for a TLH mutual fund exchange? For example. Let's say OP ...
by pshonore
Sun Aug 20, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Contractor job - what type of entity?
Replies: 8
Views: 494

Re: Contractor job - what type of entity?

- wife has already maxed $18k of 401k for 2017 (plus employer match) from previous W2 employer. For remainder of 2017, can she start a solo 401k for her SP and contribute just the employer portion (25% of income). For 2018 and on she will max out her and employer contribution for the SP. thanks Emp...
by pshonore
Sat Aug 19, 2017 10:12 pm
Forum: Personal Consumer Issues
Topic: Frozen steaks ordered through the mail
Replies: 16
Views: 1586

Re: Frozen steaks ordered through the mail

http://www.lafrieda.com/ They sell Prime Dry Aged beef. Shipped fresh overnight in a cooler with ice packs but packaged individually ready for the freezer. Ordered via email about 8pm on Tuesday and UPS delivered Thursday late afternoon. Just had one for dinner tonight (boneless strip). Great flavor...
by pshonore
Sat Aug 19, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Did Chase Apply My "Additional Principal" Payment Legally?
Replies: 41
Views: 1885

Re: Did Chase Apply My "Additional Principal" Payment Legally?

I like to think I'm familiar to this stuff, but I bumped into a kind of similar issue a few months ago. My mortgage is serviced by Wells Fargo. A while back I used my bank's bill pay service to send a check to them (so, no special instructions on how to apply the payment). It arrived a couple days ...
by pshonore
Fri Aug 18, 2017 10:27 pm
Forum: Investing - Theory, News & General
Topic: HSA, Medicare retroactivity & SS File Restricted and Suspend
Replies: 14
Views: 1246

Re: HSA, Medicare retroactivity & SS File Restricted and Suspend

With all the SS changes, what's the reason to File and Suspend?
by pshonore
Fri Aug 18, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: RMD taxation taken in December
Replies: 12
Views: 924

Re: RMD taxation taken in December

If you take an RMD on or after Sept 1, you have until Jan 15 to settle up. Your question gives little clue as to how much you had withheld or what estimated payments you made. That determines if an additional payment is necessary. Its not related to the total RMD by itself.
by pshonore
Fri Aug 18, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Did Chase Apply My "Additional Principal" Payment Legally?
Replies: 41
Views: 1885

Re: Did Chase Apply My "Additional Principal" Payment Legally?

Once you make an additional payment of principal, the amortization table goes out the window. Simple to build an amortization table in Excel with outstanding balance, interest, principal and orig payment columns (all calculated except original payment) . In the principal column, add the additional p...
by pshonore
Fri Aug 18, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 85
Views: 6133

Re: DUI lawyer - need advice

It depends on the state where you live. In a lot of cases where there are no injuries, it usually involves a hefty fine and perhaps attendance at a class. Expect a major hike in insurance premiums. Suspension of license is also a possibility.
by pshonore
Fri Aug 18, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Did Chase Apply My "Additional Principal" Payment Legally?
Replies: 41
Views: 1885

Re: Did Chase Apply My "Additional Principal" Payment Legally?

If you paid your regular payment a few days early, they would still charge you a full months interest; just if you paid it a few days late (but within the grace period), they would not penalize you. (Unlike my HELOC where interest is figured to the penny each month on the day when payment is receive...
by pshonore
Fri Aug 18, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 167
Views: 11803

Re: Lost $7000 today in ONE DAY!

You want to talk about bad days?? How about 9/29/2008 - I think my holdings dropped around 10% in a single day. Don't remember for sure but it was probably 80/20 allocation. However, about 2 weeks later (10/13/08), holdings were up 11% for the day. Those were crazy times that I hope we don't see aga...
by pshonore
Fri Aug 18, 2017 7:48 am
Forum: Investing - Theory, News & General
Topic: Depositing checks by uploading image from computer?
Replies: 10
Views: 939

Re: Depositing checks by uploading image from computer?

I use a cheap prepaid smartphone to deposit checks via wifi using the BOA app.
by pshonore
Fri Aug 18, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Xmas bonus for Honorably discharged veterans
Replies: 9
Views: 1612

Re: Xmas bonus for Honorably discharged veterans

"Your information cannot be found. " I served in the Army between 1966 and 1969. Any idea why my records can't be found? I have a copy of my DD214. I'm in the same boat. Supposedly there was a fire in a Military Records center in the 1970's that destroyed a lot of records. There is a procedure at v...
by pshonore
Thu Aug 17, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Opening an HSA tomorrow...
Replies: 10
Views: 569

Re: Opening an HSA tomorrow...

Therefore, initial contribution will be $3,400 for myself in 2017 with an additional $3,400 in 2018. And then a $3,400 contribution to a separate HSA for my wife in 2018. Not sure if you have had the same eligible plan all of 2017, or are just starting it now.... August. But, you have to pro-rate t...
by pshonore
Thu Aug 17, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: quick estate question
Replies: 54
Views: 2335

Re: quick estate question

the sister in whose name the house was oddly titled is going to owe taxes. everyone needs to account for this Why do you say she is going to owe taxes? Gill If the house was retitled several years ago, would the daughter get a step on the entire house or only the half owned by Mom? Assuming she did...
by pshonore
Thu Aug 17, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: Why do brokerage transactions take 2 business days to settle?
Replies: 9
Views: 1237

Re: Why do brokerage transactions take 2 business days to settle?

I thought they took three days, but that will be going to two days sometime in October.
by pshonore
Tue Aug 15, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Audit 2015 1099 MISC
Replies: 11
Views: 1387

Re: IRS Audit 2015 1099 MISC

I am being audited for 2015 taxes because I didn't include my 1099 misc form. The 1099 is from coaching volleyball. The $1500 that I made pushed me to the next tax bracket so I am not able to claim my student loan interest resulting in me owing $1400. What type of write offs can I include with the ...
by pshonore
Tue Aug 15, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on I-Bonds Transfer
Replies: 14
Views: 790

Re: Tax on I-Bonds Transfer

Not sure thats how the program works: from http://www.kiplinger.com/article/taxes/T055-C001-S000-using-savings-bonds-for-college-tuition.html I bonds and EE bonds issued after 1989 are eligible for the tax break. To qualify, you -- the bond owner -- must have been at least 24 years old when the bond...
by pshonore
Tue Aug 15, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 6454

Re: Is $9000 too much for a sectional sofa ?

Check out the Comfort Square line at Pottery Barn. Roughly 3K depending on fabric chosen and on sale every 90 days or so.
https://www.potterybarn.com/products/pb ... lipcovers/
We bought one about 5 years ago and are happy with it
by pshonore
Tue Aug 15, 2017 11:33 am
Forum: Personal Consumer Issues
Topic: Big family, small house dilemma -- kid bedrooms in basement?
Replies: 23
Views: 2472

Re: Big family, small house dilemma -- kid bedrooms in basement?

Depending on your lot size, do you have room for a 500-600 sq ft addition? That would probably run $100K+, but plenty of room for two more bedrooms and a full bath or a master suite, etc. I'll doubt you'll ever get your money back if you put 100K into redoing the basement.
by pshonore
Tue Aug 15, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: ETFs for Roth account?
Replies: 6
Views: 460

Re: ETFs for Roth account?

Hi, I am about 6 years from retirement. I have a pension, a 401k and some taxable mutual funds. Net worth is ~1.25 million. Sadly, I never opened a Roth IRA. I would like to start putting money in, I can do the max of 6500 each year. I plan on working after retirement part time and will still like ...
by pshonore
Tue Aug 15, 2017 8:15 am
Forum: Investing - Theory, News & General
Topic: REITs a disappointment, yet still useful
Replies: 19
Views: 2509

Re: REITs a disappointment, yet still useful

On the other hand, VNQI (Vanguard Global RE ETF) is up 17% YTD. 5 yr returns for VNQ and VNQI are are in the 8-9% range
by pshonore
Tue Aug 15, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: Car Rental on Current Car Insurance Policy?
Replies: 16
Views: 1159

Re: Car Rental on Current Car Insurance Policy?

I pay for the coverage. It only costs $20-30/year, and I've used it twice. My family has two cars, but we also have kids. Not having one of our cars more than a couple of days would not work for us as we all travel in different directions each morning. Depends on the carrier - I recently switched t...
by pshonore
Mon Aug 14, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 7859

Re: Are we house poor? [Property Tax Madness]

Yes, do appeal the increase. I did this year after recieving an initial notification of 40% increase!! I had a very pleasant experience. I called the tax office up and said "listen, I think the increase is out of line because I haven't renovated my home" and the guy told me exactly what to write on...
by pshonore
Mon Aug 14, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 7859

Re: Are we house poor? [Property Tax Madness]

Yes, do appeal the increase. I did this year after recieving an initial notification of 40% increase!! I had a very pleasant experience. I called the tax office up and said "listen, I think the increase is out of line because I haven't renovated my home" and the guy told me exactly what to write on...
by pshonore
Mon Aug 14, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: When to report 1031 exchange?
Replies: 11
Views: 585

Re: When to report 1031 exchange?

Is this a rental property? If it was strictly used as your personal residence, its not a 1031 exchange.
by pshonore
Mon Aug 14, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: XIRR - Non-reinvested dividends
Replies: 39
Views: 3025

Re: XIRR - Non-reinvested dividends

Depends on circumstances. If you're working with a single stock or fund, then yes, it's a withdrawal.

If you're working with a total portfolio balance and the dividends go to a Money market fund, etc which is included in the total portfolio balance, then no it is not a withdrawal.
by pshonore
Sun Aug 13, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 7859

Re: Property Tax Madness

A tax appraisal should not effect the market value of your house. The other part of the process is the mill rate. My tax appraisal recently dropped, but the mill rate increased by a greater %, so my taxes are higher.
by pshonore
Sun Aug 13, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up a LLC for side gig: 401(k)/IRA & Tax Management Question
Replies: 10
Views: 939

Re: Setting up a LLC for side gig: 401(k)/IRA & Tax Management Question

You certainly can elect to be taxed as an S-Corp. That means you'll have to run payroll and get paid on a W2, file 941 forms, remit tax witholding to the Govt, etc. unless you pay someone else to do that. You can pay yourself less than the total profit and take the rest as dividend/distribution whic...
by pshonore
Sun Aug 13, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implications
Replies: 13
Views: 1102

Re: IRA withdrawal tax aConsider couple on Medicare and over 70.5 years of age. They must take RMDsnd Medicare implicat

I have had good luck with tax caster, but when it comes to income impacts on medicare premiums I make my own spreadsheet and calculate how much I can convert from my IRA to Roth in late December after my cap gain distributions and dividends are actual numbers instead of estimates. A small error can...
by pshonore
Sun Aug 13, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: Where to buy glasses for eclipse viewing ?
Replies: 64
Views: 4909

Re: Where to buy glasses for eclipse viewing ?

Be careful to note the "shipping dates" on Amazon when ordering.
by pshonore
Sun Aug 13, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Starting an HSA as I begin retirement
Replies: 3
Views: 430

Re: Starting an HSA as I begin retirement

You need to covered by a qualified High Deductible health plan to contribute to an HSA. Once you're enrolled in Medicare, you cannot contribute to an HSA.
by pshonore
Sat Aug 12, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Window replacement - any advice? Lessons learned?
Replies: 43
Views: 4663

Re: Window replacement - any advice? Lessons learned?

One thing to consider is with replacement windows, you will have less glass area when compared to new construction windows. The replacement window has it's own frame and it fits in the original window's frame, this results in a double frame and therefore less glass. Depending on window sizes and fr...
by pshonore
Thu Aug 10, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Group Universal Life
Replies: 23
Views: 1452

Re: Group Universal Life

After a few years, you should have a handle on where the policy is going and make reasonable estimates of what premium to pay to keep it in force for whatever period you desire. Circumstances change. It is not a matter of "having a handle" on where the policy is going, that you develop after holdin...
by pshonore
Thu Aug 10, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Group Universal Life
Replies: 23
Views: 1452

Re: Group Universal Life

The flexibility of the premiums only applies if you are willing to accept the possibility of the policy lapsing. If you want to ensure it is permanent, the presumed reason for cash value insurance, then you have to pay premiums high enough to keep the policy in force. UL can be a better deal than w...
by pshonore
Thu Aug 10, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds and Taxes.
Replies: 24
Views: 1506

Re: Muni Bonds and Taxes.

As I recall, a cap loss on muni bond funds held less than 6 months is non-deductible so be careful if you TLH.
by pshonore
Thu Aug 10, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Group Universal Life
Replies: 23
Views: 1452

Re: Group Universal Life

Assuming you need Permanent Life coverage, is UL really a bad way to go? You have quite a bit of flexibility with premiums. You know what the annual guaranteed cost of insurance is and you know what interest rate you're getting on any cash value. You know the annual expenses, if any. Sure, the older...
by pshonore
Thu Aug 10, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Munis at Fidelity: FTABX or VTEB?
Replies: 41
Views: 2930

Re: Munis at Fidelity: FTABX or VTEB?

Yes, that's the benefit these days for investors with the big low cost investment firms. It didn't used to be that way, and DRIPs were - or could be - expensive to set up, and you would get hit with commission fees along the way every quarter to reinvest the dividends. That's all gone away and it i...
by pshonore
Wed Aug 09, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Recently Married - should we file jointly or separately?
Replies: 18
Views: 1250

Re: Recently Married - should we file jointly or separately?

Buy software and run it both ways. (MFJ and MFS). And don't forget if you're in an income tax state, be sure to include state tax returns as well.
by pshonore
Wed Aug 09, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: A fair price for accountant and a simplified tax return?
Replies: 7
Views: 878

Re: A fair price for accountant and a simplified tax return?

A couple of points. Once a rental is set up properly in the software, its fairly simple to just put in yearly numbers - rental income, expenses, etc. However, moving to different software means the rental has to setup again and all those numbers like depreciation taken since you've owned the propert...
by pshonore
Wed Aug 09, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: Metal vs Vinyl sheds
Replies: 25
Views: 1743

Re: Metal vs Vinyl sheds

Is your 5' clearance house to fence? If so it will be difficult to move items and walk past the shed. Also have a small home and totally understand the quest for additional space. My office/man cave is in the back of the garage with the washer/dryer and hot water heater...... Excellent point - it w...
by pshonore
Wed Aug 09, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Roth, Taxes and Mistakes
Replies: 41
Views: 4007

Re: Roth, Taxes and Mistakes

I would not use a CPA for this UNLESS they specialized in personal tax returns. I would try to find an Enrolled Agent. From the IRS website: An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part compreh...
by pshonore
Wed Aug 09, 2017 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Donor advised fund at Vanguard or elsewhere?
Replies: 42
Views: 2935

Re: Donor advised fund at Vanguard or elsewhere?

Speaking of a Fido DAF, has anyone gotten an "administrative adjustment" reducing their balance? I got notice of one last week. Not a large amount (approx $50) but I will be calling them shortly for an explanation. It doesn't calculate for the annual fee.
by pshonore
Tue Aug 08, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Boston to Maine road trip
Replies: 64
Views: 3697

Re: Boston to Maine road trip

How about Campobello Island (right on the coast at the Maine/Canadian border). FDR's Summer "cottage".
by pshonore
Tue Aug 08, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Making a Direct Offer to Purchase a Home
Replies: 28
Views: 2366

Re: Making a Direct Offer to Purchase a Home

The key thing with residential appraisals is the selection of comparable sales. - arms length transactions (no sales to related buyers, etc), similar styles, same approx. size, etc. Sometimes that can be difficult. Otherwise you get into "adjustments" which are subjective. How much is that 3rd bathr...
by pshonore
Mon Aug 07, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Roth, Taxes and Mistakes
Replies: 41
Views: 4007

Re: Roth, Taxes and Mistakes

I believe good tax software will also flag this. Most preparers don't bother putting in Roth contributions even though recording them as part of one's annual return makes it easier to track contributions over the years and would probably have caught this error.
by pshonore
Mon Aug 07, 2017 11:33 am
Forum: Personal Consumer Issues
Topic: Making a Direct Offer to Purchase a Home
Replies: 28
Views: 2366

Re: Making a Direct Offer to Purchase a Home

Tell them you would like to have a formal appraisal done (and encourage them to get one was well). It might be a reality check for both parties. I agree an offer 27% below their price will probably not help the situation (unless that's what the appraisal comes in at.)
by pshonore
Mon Aug 07, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Trip to Maine
Replies: 30
Views: 1862

Re: Trip to Maine

We were in Maine in April last year and lots of sites were not yet open for the summer. I suggest you find out if the top three attractions will be open on the dates you have in mind before you book. (It also snowed on the day we were leaving and we were not prepared for snow at all, especially whe...
by pshonore
Sun Aug 06, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: Trip to Maine
Replies: 30
Views: 1862

Re: Trip to Maine

Best route if you're driving would be 80 to 81 to 84 to 90 (Mass Pike) to 495 to 95. Long ride. Tons of stuff to see in Maine - LLBean in Freeport along with many factory outlets if you like shopping and a lot of cute little towns with seafood north of Portland up Route 1. Acadia National Park is in...
by pshonore
Sat Aug 05, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Roth, Taxes and Mistakes
Replies: 41
Views: 4007

Re: Roth, Taxes and Mistakes

First, its very unusual for a couple filing MFJ to get a bigger refund by filing separately. You should have a knowledgeable person go over all returns from those years and make sure they are correct. As an example, one taxpayer cannot take the standard deduction while the other itemizes. Cap loss c...
by pshonore
Sat Aug 05, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Why no federal income tax obligation?
Replies: 31
Views: 2734

Re: Why no federal income tax obligation?

A married couple can have approx 96K of QDs and LTCG and owe no tax if that's their sole income (a few thousand more if both are over 65).