Search found 1022 matches

by serbeer
Thu Jun 22, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 4012

Re: What do you say when you cancel an account that you only opened for bonus?

Simple evasion. You don't need to give a reason and if they ask for one they may not even care--they may just be asking to slow you down and impede you on the off chance you'll change your mind, or give them an opening for an "account retention talk." Just say, basically, "I'm closin...
by serbeer
Fri Jun 09, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: from solo proprietorship to ... what?
Replies: 11
Views: 768

Re: from solo proprietorship to ... what?

Thank you for all the feedback, it is quite eye opening to me. Yes, primary W-2 Box 5 > the Social Security (SS) Maximum Wage Base, so no SS taxes are paid on her 1099-MISC income, only Medicare taxes. I did not realize Spirit Rider that it is mandatory for an employer (including an S-Corp) to deduc...
by serbeer
Thu Jun 08, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: from solo proprietorship to ... what?
Replies: 11
Views: 768

Re: from solo proprietorship to ... what?

Well folks, I surely appreciate all the opinions. At the same time I cannot help by notice that little consensus is emerging :) physiorol: I totally agree about the fact that the person will not stay long once they learned the ropes. This is exactly what I told my wife. But she is just bored somewha...
by serbeer
Thu Jun 08, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: from solo proprietorship to ... what?
Replies: 11
Views: 768

from solo proprietorship to ... what?

Folks, my wife has a small part time business on the side (in addition to her full time job). She works for commissions in service-oriented industry earning commissions that she splits with the company she is employed by (the company provides infrastructure, support, credentials, etc while my wife f...
by serbeer
Mon Jun 05, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Maximizing Tax Advantaged Space
Replies: 1
Views: 226

Re: Maximizing Tax Advantaged Space

Most comprehensive list I've seen on this forum is in this locked thread:
viewtopic.php?t=105229
by serbeer
Mon Jun 05, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Benefits of waiting to convert $4,000,000 in IRAs into Roth
Replies: 41
Views: 4531

Re: Benefits of waiting to convert $4,000,000 in IRAs into Roth

BanditKing wrote:Also don't forget to take State taxes into account too. If you don't convert it, and then relocate to a state without income tax, or that doesn't tax retirement funds, (assuming you are in one that does now), you could save some more.

Per OP, "There is no state income tax."
by serbeer
Sat May 13, 2017 7:41 pm
Forum: Personal Consumer Issues
Topic: Tipping at All Inclusive Resort?
Replies: 67
Views: 5090

Re: Tipping at All Inclusive Resort?

When we are in all-inclusives, and are not assigned personal butler, we spend about $60 in tips per 7 night trip. I actually take 60 $1 bills with me for that. Leave tips for maids, always at sit-down dinner, and occasionally to barman when they are doing more than simply throwning liquids together....
by serbeer
Mon May 08, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Most Common Financial Mistakes
Replies: 108
Views: 14066

Re: Most Common Financial Mistakes

I don't think these have been mentioned: 1. Not making health a high enough priority. 2. Spending way too much in/on college, often for poor returning major. 3. Refinancing mortgage without big enough improvement. 4. Believing renting is most always bad. 5. Believing Roth > traditional. 6. Having l...
by serbeer
Tue May 02, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Side gig, 1099 strategy
Replies: 15
Views: 1298

Re: Side gig, 1099 strategy

Do #3, open Solo-401K and contribute just under 20% (need to calculate exact %) to it as Profi Sharing if you max out 401K at your first job. That minimizes taxes to the extent legal and is simple. Not so simple is using S-Corp and paying yourself a salary, avoiding payrol taxes on the rest. Not wor...
by serbeer
Tue May 02, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of purchasing a Kindle "Voyage"
Replies: 10
Views: 1082

Re: Thinking of purchasing a Kindle "Voyage"

I have both Paperwhite gen 3 (that I use myself) and Voyage (which I purchased for my wife as b-day gift). Both are great readers, you cannot go wrong with either one. Voyage is slightly more compact, and that IMO its the most significant advantage, the rest are mostly gimmics. Yes, if I wanted to t...
by serbeer
Tue Apr 25, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: Do you have a Billiards Table?
Replies: 5
Views: 896

Re: Do you have a Billiards Table?

No, but I do have ping-pong table :)
by serbeer
Fri Apr 21, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: Excel Solver for Portfolio Rebalancing across Multiple Accounts
Replies: 24
Views: 2753

Re: Excel Solver for Portfolio Rebalancing across Multiple Accounts

Take a look at http://www.flexibleretirementplanner.com/tools/PortfolioAssetAllocationTool.xls I used this spreasheet as starting point and pretty much quadrupled it in size through years adding a lot of custom features on top of its original main engine (tracking of securities on account-level, aut...
by serbeer
Fri Apr 21, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: Excel Solver for Portfolio Rebalancing across Multiple Accounts
Replies: 24
Views: 2753

Re: Excel Solver for Portfolio Rebalancing across Multiple Accounts

Adding $5500 to your Roth is unlikely to trigger your rebalancing bands in most cases. It's just not that important. Agreed. But in most cases the real question is what type of assets to invest these $5500 into in this Roth account. Good rebalancing spreasheet shows you what assets are below the ch...
by serbeer
Thu Apr 20, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 3010

Re: Dedicating your bonus to something

I put mine into kid's 529 account usually
by serbeer
Wed Apr 12, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Wife wants to start retirement investing- Suggestions please
Replies: 10
Views: 1021

Re: Wife wants to start retirement investing- Suggestions please

401K plan is always for an individual. No retirirement accounts can be joint, all of them--IRA, 40K, Roth IRA, etc--are for individual only. If you open Solo 401K for her, you can be designated "plan administrator" which gives you access to account information and ability to sign contribut...
by serbeer
Thu Mar 30, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: reduce workplace tax witholding to afford more retirement contributions
Replies: 10
Views: 532

Re: reduce workplace tax witholding to afford more retirement contributions

If you are W-2 emloyee, I do not think they will let you reduce federal/state witholdings to 0. The best you can do is to to increase number of allowences you claim on W-4 form, but not sure if it is legal to do even that--without proper calculation on the worksheet. Now, if you wanted to withold mo...
by serbeer
Thu Mar 16, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Switching to Vanguard
Replies: 7
Views: 702

Re: Switching to Vanguard

I always suggest multiplying the per-year fees by the number of years expected. It gets imprecise as numbers get larger (always better to do it with an exponent), but can't do that in your head. For a rough approximation, it gets the point across. For example, 2% fees in a "bad" 401(k), e...
by serbeer
Thu Mar 16, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads handle allowance?
Replies: 38
Views: 3171

Re: How do Bogleheads handle allowance?

gmc4h232 wrote:My mom pays kids a bounty for every housefly they kill. We don't have any kids, so she usually uses this technique with any kids that show up with her house party guests.

...and now I bet some of these kids bring extra flies with them when they go to her place...
by serbeer
Wed Mar 15, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: PayPal - Any Disadvantages?
Replies: 28
Views: 2534

Re: PayPal - Any Disadvantages?

I agree with all of the above. I unlinked my bank account from PayPal years ago, and only use it with my Amex where required. In my experience PayPal's dispute resolution process is useless to customers. The last time I had a dispute, PayPal took the seller's word with no proof and ignored the fact...
by serbeer
Tue Mar 14, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads handle allowance?
Replies: 38
Views: 3171

Re: How do Bogleheads handle allowance?

Mine 6 and 8 yo get no allowences. Tooth fairy occasionally drops them a quarter, and granparents give ocasional change and golden-colored metal dollars for some greater achivements--and they dutifully collect those in their coin banks and every once in a while I can see them re-counting their riche...
by serbeer
Wed Mar 08, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: Safest way to encrypt pdf tax documents to send via email?
Replies: 40
Views: 2691

Re: Safest way to encrypt pdf tax documents to send via email?

I password protected pdf and called on the phone to give password when I had to do that
by serbeer
Mon Mar 06, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 4127

Re: How much do you spend on "stuff" for kids?

I completely understand and like the fact that your kids read a lot. But I am really curios why you do not use libraries most of the time? Could it be that you don not have good libraries where you live? I have 4 or 5 libraries within 5 mi radious, and 5 more on my way home from work. I take my kids...
by serbeer
Wed Feb 22, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Help Please, My Identity is at Risk
Replies: 26
Views: 3308

Re: Help Please, My Identity is at Risk

Hm, well, I would immediately change all passwords since you say they were on the laptop, everything else would be done afterwards...
by serbeer
Tue Feb 21, 2017 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds bad in ROTH? Infographic:
Replies: 59
Views: 4608

Re: Bonds bad in ROTH? Infographic:

No, bonds are NOT bad in Roth. It is not easy to explain or to undestand but has to do with the fact that placement of assets in Roth vs tIRA impacts Risk in addition to after-tax return. By moving any assets from Roth to tIRA you unknowlingly impact your Risk, and therefore AA the primary purpose o...
by serbeer
Mon Feb 13, 2017 6:25 pm
Forum: Personal Consumer Issues
Topic: Windshield repair gone wrong....
Replies: 19
Views: 2413

Re: Windshield repair gone wrong....

replace
by serbeer
Fri Feb 10, 2017 11:41 pm
Forum: Personal Consumer Issues
Topic: iPhone SE 16GB - is memory adequate?
Replies: 44
Views: 2224

Re: iPhone SE 16GB - is memory adequate?

Nope, in my experience you need 32Gb or else you'll be constantly in the process of deleting one thing to download another
by serbeer
Fri Feb 10, 2017 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle overcontributing to Solo 401K?
Replies: 17
Views: 1088

Re: How to handle overcontributing to Solo 401K?

I see. Yes, I noticed the lines 4-7 in Schedule A, the only place that makes reference to previous years. The Schedule is where most actions take place. Only single line is transfered to Part I of 5330 itself, line 1 in my case, and part II is just tax due amount. So, if I understand you correctly, ...
by serbeer
Fri Feb 10, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle overcontributing to Solo 401K?
Replies: 17
Views: 1088

Re: How to handle overcontributing to Solo 401K?

Spirit Rider, I spent some time today going over Form 5330 and its instructions, and have pretty good understanding what I have to file this year, as "an employer liable for the tax under section 4972 for nondeductible contributions to qualified plans." However, nowhere have I found even m...
by serbeer
Thu Feb 09, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle overcontributing to Solo 401K?
Replies: 17
Views: 1088

Re: How to handle overcontributing to Solo 401K?

Ah, so Schedule A of 5330 is not that of 1040. Got it. I think now it is all crystal clear.

Thank you to everyone who responded with helpful suggestions, and special thanks to Spirit Rider for his expertise and very detailed indeed driving lesson! Time to buckle up I guess :)
by serbeer
Thu Feb 09, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle overcontributing to Solo 401K?
Replies: 17
Views: 1088

Re: How to handle overcontributing to Solo 401K?

Thank you very much guys, that really helps. And thank you Spirit Rider for my first advanced solo 401K driving lesson, yes, I am pretty rookie plan manager :) So, if I understood you correctly, I should go ahead and send in 5330 at the same time I finish my 2016 tax return (because only then Schedu...
by serbeer
Thu Feb 09, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle overcontributing to Solo 401K?
Replies: 17
Views: 1088

Re: How to handle overcontributing to Solo 401K?

Well, thank you folks, this really helps. I will know for the future that I can wait till I get 1099-MISC form in the next year to finish up on Profit Share contribution! DTSC, thank you for the tip, I'll call Fidelity and see if they are equally accomodating with my situation. Yes, I'd appreciate i...
by serbeer
Thu Feb 09, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle overcontributing to Solo 401K?
Replies: 17
Views: 1088

How to handle overcontributing to Solo 401K?

Folks, I am wondering how to handle overcontributing Profit Sharing contribution portion of Solo 401K? Basic facts: My wife is W-2 emploee that contributes full $18K into her 401K plan at work. But she is also running solo proprietorship business part time that gives us some extra income. I opened S...
by serbeer
Thu Feb 02, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Should you stop using your antivirus software?
Replies: 36
Views: 2916

Re: Should you stop using your antivirus software?

Depends on what you are doing on your PC: If you are browsing mainstream sites, you don't need AV. If you are downloading torrent/warez/xxx sites, I'd say get not only AV but also Malwarebytes Premium, Malwarebytes Enti-Exploit, and Zemana Antilogger to boot--and you will not be safe anyway btw but ...
by serbeer
Thu Feb 02, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 1703

Re: Solo 401(k) purely to receive rollovers?

Nothing wrong with it. I pretty much did the same thing with Fidelity Solo401K, using the same thinking and did roth conversion from my NDIRA, as soon as I had a few dollars of self-employment income and got EIN from IRS. Now, in my case business actually took off and brings steady income, so I now ...
by serbeer
Thu Feb 02, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Natural Gas detector alarm
Replies: 2
Views: 365

Re: Natural Gas detector alarm

For what it worth, I now have had Kidde Plug-In Combination Explosive Gas/Carbon Monoxide Alarm for nearly 15 years (on my 2nd one now) plugged in into kitchen outlet at the countertop level and it is definately NOT too sensitive. In fact, on several occasions we smelled gas from stove that was not ...
by serbeer
Wed Feb 01, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: Most of College Endowments Lost Money in 2016
Replies: 10
Views: 1884

Most of College Endowments Lost Money in 2016

"A brand-new study of 815 college endowments finds they had an average investment return in fiscal year 2016 of negative 1.9%—the lowest since the 2008-09 financial crisis."
http://time.com/money/4653978/college-e ... 3-billion/
by serbeer
Wed Jan 25, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Independent contractor solo 401k
Replies: 8
Views: 484

Re: Independent contractor solo 401k

Good article and calculator to answer all your questions
https://thefinancebuff.com/solo-401k-fo ... yment.html
by serbeer
Wed Oct 12, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Using Swipe Readers
Replies: 5
Views: 826

Re: Using Swipe Readers

Looks like there are 2 types available from Paypal: free "Mobil Card Reader" and "Chip Card reader" which can also be inexpensive with enough charging volume: "$149 with $100 rebate to your PayPal account after $3,000 processed within 3 months." https://www.paypal.com/u...
by serbeer
Thu Oct 06, 2016 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: New study suggest human lifespan is limited to 115 years
Replies: 27
Views: 2267

Re: New study suggest human lifespan is limited to 115 years

OK, I guess I'll have to settle for 115. Sigh.
by serbeer
Sun Oct 02, 2016 9:28 am
Forum: Personal Finance (Not Investing)
Topic: How much Umbrella Insurance coverage needed?
Replies: 50
Views: 5947

Re: How much Umbrella Insurance coverage needed?

Question: Even if 401(k) is protected from lawsuits, if there is a judgement against your future income, will the withdraws from 401(k) be subject to the judgement? Ah, this is indeed a very good question I have not considered previously. And the answer, alas, appears to be that yes, it is possible...
by serbeer
Fri Sep 30, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much Umbrella Insurance coverage needed?
Replies: 50
Views: 5947

Re: How much Umbrella Insurance coverage needed?

Just to point out, some type of assets are judment-proof per state-specific law. For example, in IL where I live: - 401Ks,Rollover IRA/Roth, and 529 plans are protected 100% (which is good reason btw to avoid comingling rollover IRA funds with new contributions) - IRA/ROTH are protected up to $1M -...
by serbeer
Wed Sep 28, 2016 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: College Savings Calculator with Adjustable AA
Replies: 2
Views: 399

Re: College Savings Calculator with Adjustable AA

You want certain level of customization, and the particular one you are thinking about may not be offered. You pretty much have to choose between standard fixed-rate calculators and 100% flexible year-by-year ones that require a little more work to get going and are not limited to college savings on...
by serbeer
Tue Sep 27, 2016 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much Umbrella Insurance coverage needed?
Replies: 50
Views: 5947

Re: How much Umbrella Insurance coverage needed?

Just to point out, some type of assets are judment-proof per state-specific law. For example, in IL where I live: - 401Ks,Rollover IRA/Roth, and 529 plans are protected 100% (which is good reason btw to avoid comingling rollover IRA funds with new contributions) - IRA/ROTH are protected up to $1M - ...
by serbeer
Fri Sep 23, 2016 4:37 pm
Forum: Personal Consumer Issues
Topic: [500 million Yahoo accounts hacked, what should you do?]
Replies: 86
Views: 7075

Re: What are you YAHOOERS doing?? [due to security breach]

Can only affect those who did not change password in the past 2 years, since the breach occurred in 2014.
by serbeer
Tue Sep 20, 2016 6:08 pm
Forum: Personal Consumer Issues
Topic: New e-readers?
Replies: 22
Views: 1711

Re: New e-readers?

The Aura One just came out. I almost bought one despite already owning a Paperwhite. The features I think I'd really appreciate are a larger screen and the ability to change backlight hue. I find that Amazon uses a very blue backlight which is quite annoying at night. I have my eye on that one. I'm...
by serbeer
Wed Sep 07, 2016 4:17 pm
Forum: Personal Consumer Issues
Topic: Should I upgrade my 6 year old plasma TV?
Replies: 81
Views: 9561

Re: Should I upgrade my 6 year old plasma TV?

Gotta start a new thread to check if I should upgrade my 13 year old 57'' projection TV
Haven't so far since I watched it probably no more than 150 hours total, so it is still going strong :)
by serbeer
Wed Aug 17, 2016 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 3523

Re: High Net Worth Life Insurance Questions

To give you an example, let's assume you and spouse are both in great health and qualify for the best health rating on your life insurance. A $10M second-to-die policy guaranteed for life would be around $23,000 per year in premiums. If you both live for 50 years, you've paid a little over $1M in p...
by serbeer
Wed Aug 17, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 3523

Re: High Net Worth Life Insurance Questions

To give you an example, let's assume you and spouse are both in great health and qualify for the best health rating on your life insurance. A $10M second-to-die policy guaranteed for life would be around $23,000 per year in premiums. If you both live for 50 years, you've paid a little over $1M in p...
by serbeer
Fri Jul 29, 2016 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: MRI Price [Magnetic Resonance Imaging]
Replies: 38
Views: 3107

Re: MRI Price

Check this referral service out: http://cheapimaging.com/ They connect you to imaging facilities in your area with prices already pre-negotiated. Some areas charge as little as $200 for MRI itself, including reading by radiologist, but with contrast you may be looking closer to $400 I am guessing, s...

Go to advanced search