Search found 678 matches

by snowman
Thu Apr 19, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 4045

Re: Another discussion about private vs public schools?

See, this is the thing. Looking at the averages doesn't tell you how YOUR kid will do. The top 20% in most schools will get a good education, with AP classes, small classes (because less people take AP classes), and will be surrounded by other smart kids. You don't need a school 100% full of smart ...
by snowman
Wed Apr 18, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 10784

Re: Quitting job - what to do if getting walked to the door

If they can release you with no notice, you are under no obligation to give them an advance notice. This is a pretty good percentage of Corporate America - "employment at will" is pretty much the norm. However, expectation of 2 weeks notice is also still the norm. If you are sure you will never ret...
by snowman
Wed Apr 18, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 10784

Re: Quitting job - what to do if getting walked to the door

In many years as a manager at a large technology company I have never walked anyone the same day nor have I seen anyone getting walked to the door the same day even if they went to a direct competitor (which is very common). So it very much depends on the company. I have also never understood what ...
by snowman
Wed Apr 18, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 10784

Re: Quitting job - what to do if getting walked to the door

When I was still in corporate world, I was in both positions - being walked out, as well as walking out my employees. So speaking from experience. You already received good advice, right on target. I will just offer some additional pointers. First and foremost, your husband needs to understand compa...
by snowman
Mon Apr 16, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Deductible Medical Expenses....
Replies: 16
Views: 600

Re: Deductible Medical Expenses....

It is 7.5%. HRB is calculating it correctly, I would assume TT does the same. It's not going to be "closer" to one number or another. If you are on ACA, make sure you calculate insurance premiums correctly.
by snowman
Sun Apr 15, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Consultant leaning toward 1099 instead of W2 and looking for advice
Replies: 8
Views: 650

Re: Consultant leaning toward 1099 instead of W2 and looking for advice

The advise you received on mortgage is 100% correct! 2 years of your personal tax returns is the minimum requirement. Some lenders will ask for more paperwork and it may take 2-4 month to finally get approved. Or it may fall through, you just never know. Speaking from experience - been in the 1099 s...
by snowman
Tue Apr 10, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: Driver's permit before 18 - Any financial incentive
Replies: 52
Views: 1695

Re: Driver's permit before 18 - Any financial incentive

siamond, you need to do a mental switch in your head, this is not Europe where teenagers hop on a bus/trolley/tram/train any time they need to go anywhere. I had similar concerns with my kids, but my wife (American) assured me this is the right thing to do. Financially - your specific question - you...
by snowman
Fri Apr 06, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Undecided students and STEM majors
Replies: 51
Views: 3923

Re: Undecided students and STEM majors

I am not an engineer, but we went through the admissions cycle 3 years ago with my son, and this time around with my daughter. They both wanted to study engineering, they kind of knew what they would prefer but weren't really sure. I say that's typical for 17-18 year olds. So it was very important t...
by snowman
Tue Apr 03, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: ACA/tIRA question
Replies: 14
Views: 692

Re: ACA/tIRA question

A contribution to a tIRA reduces your income by that amount. Unless it is a non-deductible contribution because your income is too high. However, if your income is too high for a deductible tIRA contribution, then you don't qualify for ACA subsidies. No my income isn't to high now but I intend to d...
by snowman
Sat Mar 31, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Liability for 32 year old step son living home
Replies: 79
Views: 8307

Re: Liability for 32 year old step son living home

Under the new tax law, I don't think it's to your benefit to claim him as dependent on your taxes. The personal exemption is gone, and I don't believe you will get dependent care credit for able body 32-year old adult. That credit is designed for kids in college or parents being cared for by their a...
by snowman
Sat Mar 31, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5114

Re: Nice article on saving money and financial independence

"Her goal is to amass a portfolio that throws off $2,"000 a month for life..." Assuming she's looking at dividends ("throw off" rather than sell), and being the long term dividend rate is right around 2%, that means that she needs to have at least a portfolio valued at $1.2M. Not an impossible situ...
by snowman
Fri Mar 30, 2018 2:38 pm
Forum: Personal Consumer Issues
Topic: Amica Increase
Replies: 59
Views: 5712

Re: Amica Increase

Still, it really got us PO'd that State Farm made such a big deal over a lousy $2,000 repair! This reminds me of how Liberty Mutual handled our claim in similar circumstances about 20 years ago. They sent an adjuster, who immediately cut us a check of $2K on the spot. I was shocked and impressed - ...
by snowman
Wed Mar 28, 2018 12:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 17181

Re: A lot of heavy hitters this morning

Newbie444 wrote:
Wed Mar 28, 2018 12:13 pm
The windfall is actually from sale of a house that I happened to have bought at the bottom of the housing market which has undergone insane appreciation since then.

Thanks for replying, makes sense. Good luck to you!
by snowman
Wed Mar 28, 2018 12:06 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 17181

Re: A lot of heavy hitters this morning

I'm the $600k windfall poster, and if it makes you feel any better, I grew up extremely poor in the projects living on public assistance. Due to that background, I made financial success a number one priority in my life and was able to achieve it with a lot of hard work, major sacrifices, and some ...
by snowman
Wed Mar 28, 2018 10:59 am
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 17181

Re: A lot of heavy hitters this morning

There have been many threads about this topic in the past. I watched the forum for several years before I decided to join 5 years ago. It definitely had a feel of rich people discussing their first world problems, and it still feels that way to me. However, there is a ton of useful information here,...
by snowman
Wed Mar 28, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Hyundai Kona
Replies: 20
Views: 2371

Re: Hyundai Kona

I'm a little hesitant about buying a brand new model... I would never buy the first model year of a brand new vehicle. Yes. Did that once. Never again. 2nd....always wait until year 2 to work out the problems. Agreed, but I would make it MY 3 instead of MY 2. Some major issues don't surface until M...
by snowman
Tue Mar 27, 2018 5:31 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 6113

Re: Concerns with Vanguard

I got the same email this morning too, sure raised my blood pressure instantly! Not enough money in my money market account - either transfer funds in immediately, or Vanguard will sell some of my securities. I called right away, pressed the number to be called back due to high call volume. When the...
by snowman
Tue Mar 27, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 936
Views: 161199

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Earl Lemongrab wrote:
Tue Mar 27, 2018 12:02 am
You could get $200 at FirstTrade. Includes IRAs.

https://www.firstrade.com/landing/en-us ... conditions
Thank you!
by snowman
Mon Mar 26, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 936
Views: 161199

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

So I finally decided to move from TDA to ME. All I have are retirement accounts - big IRA for each of us, and small Roth for myself. I spoke with ME and was told that only one IRA per account holder qualifies for any of their bonus offer, even if the bonus offers are different. So both traditional I...
by snowman
Thu Mar 08, 2018 3:26 pm
Forum: Personal Consumer Issues
Topic: 0W-20 Synthetic Motor Oil
Replies: 58
Views: 7228

Re: 0W-20 Synthetic Motor Oil

I will take advantage though the rebate is limited to participating retailers and Costco isn't one of them, and neither is Walmart. Those stores have the cheapest Mobil1 in my area. But with the rebate I still come out ahead. This promo has been going on for many year. Walmart is not listed, but yo...
by snowman
Wed Mar 07, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 ACH speed?
Replies: 10
Views: 909

Re: Capital One 360 ACH speed?

OP, I understand your concern. I just learned the other day from my son that his Schwab account takes 4-5 business days to process incoming ACHs! I found that incredible in this day and age. I don't have Capital One MM, but I have had 360 checking account for many, many years (since early orange ING...
by snowman
Wed Mar 07, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 936
Views: 161199

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I've done a few transfer outs from TDA, including two this past year. APEX was still active as of late last year, so not ACATS out fee for my accounts. If the transfer out fee is assessed without sufficient balance, it shows as a negative balance in the account and persists during the transfer. I h...
by snowman
Tue Mar 06, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Are you ready for Amazon checking?
Replies: 42
Views: 6024

Re: Are you ready for Amazon checking?

MnD wrote:
Tue Mar 06, 2018 4:35 pm

They haven't mentioned anything about excessive delays. They aren't transferring funds in from another linked bank account though.
Thanks for replying. I told my son to also open online savings account, so that's where his deposits are coming from.
by snowman
Tue Mar 06, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Are you ready for Amazon checking?
Replies: 42
Views: 6024

Re: Are you ready for Amazon checking?

Schwab banking in principle is very good (I have an account), but in practice it has slow processing times for deposits, and banking alerts are non-existent (two critical features of a checking account in my opinion). If you want to know what your balance is or our worried about fraud, you must man...
by snowman
Tue Mar 06, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Are you ready for Amazon checking?
Replies: 42
Views: 6024

Re: Are you ready for Amazon checking?

Both my kids have Schwab checking - free everything including photo check deposit, reimbursement of all ATM fees and it pays some interest. One asked me why anyone would not have a Schwab checking account - they said all their friends checking accounts were much inferior deals. But if Amazon has a ...
by snowman
Tue Mar 06, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 936
Views: 161199

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have 3 questions, and a little rant. Appreciate all responses. If you move out of TDA completely and close your accounts, and it's all in ETFs with maybe $10 in cash, how does TDA assess $75 transfer fee? If you decide to leave the account open, does the ACAT form allow to specify amount of cash t...
by snowman
Tue Mar 06, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Just out of college, new job w/ 401k
Replies: 18
Views: 1484

Re: Just out of college, new job w/ 401k

Roth, not traditional.

Zero bonds. Re-evaluate after 20 years.

International - pick any number between 20 and 40, and stick with it. The number you pick doesn't matter, sticking with the picked number is what matters.

Don't stress over debt, but make a plan to get rid of it over time.

Good luck!
by snowman
Wed Feb 28, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Costco 'Goodyear' wiper blades
Replies: 43
Views: 4789

Re: Costco 'Goodyear' wiper blades

It's the only item Costco carries I returned twice. They are not worth it no matter what the price. I agree with Bosch wipers - worth the money, owned them for 20+ years, not once a bad blade. The last pair I bought is Michelin from Walmart - I wanted to see how they compare to Bosch Excel+. It's ro...
by snowman
Wed Feb 07, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1780

Re: Questions about reporting an internship with a 1099-MISC

These are all new tax situations for me. My son also got some scholarships. How do you know if they are taxable? The software will calculate it for you based on 1098-T your son gets from his school. However, before blindly putting the numbers into TT, verify that they are correct. Taxable scholarsh...
by snowman
Wed Feb 07, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1780

Re: Questions about reporting an internship with a 1099-MISC

Is his standard deduction $6350 even if I claim him as a dependent? Turbo Tax is putting it in as $1050. You must be making a mistake somewhere. Try HRB online to see where you are making mistake. Or try new TT return - sometimes TT keeps the numbers even after you thought you deleted them. As a de...
by snowman
Tue Feb 06, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1780

Re: Questions about reporting an internship with a 1099-MISC

Is his standard deduction $6350 even if I claim him as a dependent? Turbo Tax is putting it in as $1050. You must be making a mistake somewhere. Try HRB online to see where you are making mistake. Or try new TT return - sometimes TT keeps the numbers even after you thought you deleted them. As a de...
by snowman
Tue Feb 06, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1780

Re: Questions about reporting an internship with a 1099-MISC

His standard deduction is $6,350, not 1,050, so his taxable income is 647, his FIC likely being 65.
by snowman
Tue Feb 06, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1780

Re: Questions about reporting an internship with a 1099-MISC

It belongs on line 21 of the 1040. It does not belong on a Sch C. There is no self employment taxes. And if this is his only income, there is also no federal taxes since it is less than $6350. I do not know how to answer the Turbo Tax questions to get this right. Your suggestion if answering No to ...
by snowman
Tue Feb 06, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1780

Re: Questions about reporting an internship with a 1099-MISC

Hmm. Does he need to file a CA return as well? The NASA center he interned at in was in CA, but he was paid by USRA in MD. We live in neither. I don't think you need to do that if no income tax was withheld (but again, I am no CPA). The issue our son has every year is that state B withholds state t...
by snowman
Tue Feb 06, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1780

Re: Questions about reporting an internship with a 1099-MISC

Got it. We are in similar situation, my son is 2 years ahead of yours. I cannot help you with your specific problem (seems like FICA to me), but I do have 2 suggestions that might help you. One is to do a search or post a question on collegeconfidential.com. Lots and lots of people dealing with simi...
by snowman
Tue Feb 06, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1780

Re: Questions about reporting an internship with a 1099-MISC

I may be missing something, but if this is your kid, currently in college, that means he is your dependent, right? Which means he will take standard deduction, and his taxable income is going to be zero (since you said he has no other income).

So why bother with deductions? What am I missing?
by snowman
Tue Feb 06, 2018 9:52 am
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 15224

Re: Vanguard site is crashed now?

I logged in multiple times throughout the day into Fidelity and TDA. No issues whatsoever. After seeing this thread, I tried to log in to Vanguard just to see if true - yep, no access. No need to trade for me, but I though other BHs might find this info useful. I logged in successfully just a few m...
by snowman
Mon Feb 05, 2018 6:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 15224

Re: Vanguard site is crashed now?

I logged in multiple times throughout the day into Fidelity and TDA. No issues whatsoever. After seeing this thread, I tried to log in to Vanguard just to see if true - yep, no access. No need to trade for me, but I though other BHs might find this info useful. I logged in successfully just a few m...
by snowman
Mon Feb 05, 2018 6:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 15224

Re: Vanguard site is crashed now?

I logged in multiple times throughout the day into Fidelity and TDA. No issues whatsoever. After seeing this thread, I tried to log in to Vanguard just to see if true - yep, no access.

No need to trade for me, but I though other BHs might find this info useful.
by snowman
Thu Feb 01, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: (Refundable) Child Tax Credit in 2018
Replies: 5
Views: 709

Re: (Refundable) Child Tax Credit in 2018

Look here, pages 564-566 out of the 1097 page document:

http://docs.house.gov/billsthisweek/201 ... PT-466.pdf
by snowman
Thu Feb 01, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Doubling of Standard Deduction--Really??
Replies: 56
Views: 7176

Re: Doubling of Standard Deduction--Really??

I ran the spreadsheet with our scenario - 2 parents plus 2 kids in college. We - the parents – lose, but assuming $500 dependent credit (not sure how it’s calculated), not by much. For the kids and their incomes, I assumed new standard deduction of $12K. Since they are not losing exemption (they don...
by snowman
Wed Jan 31, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab Checking Account (Hard Credit Check)
Replies: 7
Views: 1134

Re: Charles Schwab Checking Account (Hard Credit Check)

Yes, Schwab does a hard pull, but you will be OK, the score may go down a few points. I think they do it because you automatically get brokerage account as well, whether you like it or not. They will even deposit $100 into your account if you open it from here (no affiliation with the site): https:/...
by snowman
Tue Jan 30, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Denver Metro Real Estate market
Replies: 17
Views: 1409

Re: Denver Metro Real Estate market

You pay the price to live in Colorado. Yet, there are many, many people here making much less than you, and doing just fine. I would absolutely recommend renting first - the areas/neighborhoods are quite different all around metro area. So are the schools. So is access to the mountains. Plus, your e...
by snowman
Sat Jan 27, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Ira for kids
Replies: 41
Views: 3799

Re: ROTH Ira for kids

I think so, but I am not an accountant and don't want to give bad advice. I am sure Spirit Rider will provide correct answer. At a time, I had a CPA doing my business taxes (S-Corp), and I did our personal taxes. I remember asking him about the rules when it came to kid's income, and I followed his ...
by snowman
Sat Jan 27, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?
Replies: 48
Views: 6048

Re: Leaving Edward Jones...Why is Vanguard and Fidelity Always the Recommendation?

I have accounts with TDA (over 20 years), Fidelity, and Vanguard. All my investments are Vanguard ETFs. Until last November, I used to recommend TDA. I no longer do after TDA pulled the plug on Vanguard commission-free ETFs. Vanguard is OK and does the job, though their website is years behind compe...
by snowman
Sat Jan 27, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Starting to feel like the late 1990s?
Replies: 145
Views: 12956

Re: Starting to feel like the late 1990s?

The whole crypto thing feels very much like the late 90’s. The rest of the market, not so much. In the 90’s all a company had to do is put “.com” after their name to get a billion dollar valuation. The company I worked for during that time had a billion dollar valuation and a product with no custom...
by snowman
Sat Jan 27, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12975

Re: When did the bad news start in 2008?

Piling on to what other BHs already said - there was no writing on the wall, no clear signal to sell, no loud horn to get back in in March of 2009. There never is. The only thing I was 99% sure of (I am never at 100% as I remind myself I don't have a crystal ball) was housing. From about 2001-2002 I...
by snowman
Sat Jan 27, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 111
Views: 9145

Re: Quit jobs to gain lower EFC [Expected Family Contribution]

OP, First, I would head to collegeconfidential forum, financial aid section. You will find answers to 99% questions you might have just by browsing and searching the forum. In case you don't find answer, you can post your own question and knowledgeable people will point you in the right direction. I...
by snowman
Sat Jan 27, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: ROTH Ira for kids
Replies: 41
Views: 3799

Re: ROTH Ira for kids

Just a thought, why not take the kids money, let them pick a stock or fund to buy and you buy it in your IRA while keeping a record of the purchase as theirs and make them the beneficiary of the IRA? Or track and give them the equivalent $ of what was earned or lost while in your account to open th...
by snowman
Fri Jan 26, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Ira for kids
Replies: 41
Views: 3799

Re: ROTH Ira for kids

We were never charged any fees. I believe that fee is waived if you elect to receive statements and documents electronically. I would call Vanguard to confirm.