Search found 2307 matches

by travellight
Sat Sep 24, 2016 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Citigold minimum increasing to $200,000
Replies: 39
Views: 6738

Re: Citigold minimum increasing to $200,000

Madbrain, I look forward to hearing what they do with you. I hope you find it an easy time. If not, I will be happy to observe the battle. I believe my offer actually only required $50,000 deposit for 30 days but one of the bankers told me was 90 and now it has been sitting there for about six months.
by travellight
Tue Sep 20, 2016 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Citigold minimum increasing to $200,000
Replies: 39
Views: 6738

Re: Citigold minimum increasing to $200,000

^also good luck on getting that bonus. I have gotten 3 different excuses for not paying up.
by travellight
Sun Sep 11, 2016 2:36 am
Forum: Personal Finance (Not Investing)
Topic: Banks not honoring bank bonuses on time
Replies: 30
Views: 2048

Re: Banks not honoring bank bonuses on time

I am fighting citigold right now and this is going back to April 17th. What's really annoying is that it is 50k sitting in their bank basically interest free while they come up with excuses. they have come up with 3 different reasons so far, each one different. First one was that I didn't deposit th...
by travellight
Sat Sep 10, 2016 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: How I circumvented Chase's 5/24 rule
Replies: 38
Views: 5236

Re: How I circumvented Chase's 5/24 rule

I was about to try the same. I opened a Chase savings account with 15k for $200 bonus a week ago. I already had done a checking account for a bonus a few years ago. I didn't have time that day as I was flying out but the local bank said I could come back and they would try to open the fancy credit c...
by travellight
Wed Sep 07, 2016 11:27 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1080
Views: 178504

Re: What are you up YTD? [Year To Date]

up 8.8%. about 26% bonds.
by travellight
Wed Sep 07, 2016 11:10 pm
Forum: Personal Consumer Issues
Topic: What makes people succeed?
Replies: 98
Views: 8326

Re: What makes people succeed?

Calvin Coolidge says it is perseverance.
by travellight
Tue Aug 30, 2016 9:02 pm
Forum: Personal Consumer Issues
Topic: How Does Your money Make Money?
Replies: 43
Views: 5066

Re: How Does Your money Make Money?

I first invested in my education which led to earning a high income. I then saved for about 20 years till I got to 2 million. I decided to try out real estate and got a million dollar home equity line of credit with which I bought 6 houses between 2007 and 2010 (most of them were 2009-2010). Net mon...
by travellight
Wed Aug 24, 2016 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Living Options
Replies: 37
Views: 2651

Re: NYC Living Options

I am also looking at NYC and generally feel it is great to be in Manhattan rather than too far out. I would consider nice areas just on the other side of the river in Brooklyn or even LIC.
by travellight
Wed Aug 24, 2016 4:04 am
Forum: Personal Finance (Not Investing)
Topic: Did you use Real Estate to build wealth?
Replies: 45
Views: 3589

Re: Did you use Real Estate to build wealth?

Yes. Real estate has been a huge contributor to my net worth. I spent about 76k to buy about 1.65 millions and gross rental income is 162k/year.
by travellight
Sat Aug 20, 2016 8:02 pm
Forum: Personal Consumer Issues
Topic: 2017 Chevy Volt - Buy vs Lease
Replies: 22
Views: 1728

Re: 2017 Chevy Volt - Buy vs Lease

I have never done a lease. It is outside my comfort range to buy a car where negotiating the price is not that important.
by travellight
Sat Aug 20, 2016 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Salt Lake City Housing Market
Replies: 7
Views: 969

Re: Salt Lake City Housing Market

I would also consider renting in the Avenues or the University district. That price for that description does not sound like a great buy to me. As an example, I rent out a house that is 3500 sf, historic but fully updated, for under 3k per month. The houses I have seen for sale in that price range a...
by travellight
Tue Aug 16, 2016 1:35 am
Forum: Personal Consumer Issues
Topic: Is Google Hangouts reliable replacement for voice phone calling?
Replies: 24
Views: 2574

Re: Is Google Hangouts reliable replacement for voice phone calling?

I gave up my landline after I found this and love it. I love the transcription service.
by travellight
Sun Aug 07, 2016 8:06 am
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead save for child's education?
Replies: 138
Views: 9791

Re: How does a Boglehead save for child's education?

I used the money I might have put in 529 plans to invest in real estate and am using rental income to pay for college. I am lucky this worked out but I had a backup plan of just covering it with my income.
by travellight
Sun Jul 31, 2016 10:35 am
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

I want to state for anyone reading this later that I don't think my problems are due to doing the backdoor roth ira.... I have done the backdoor roth ira since 2013 and filed taxes for two years now with no issues from the IRS regarding the backdoor roth. My current problems are due to trying to lea...
by travellight
Sun Jul 31, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

Ah, that may be why, retiredjg..... I got the online version, not the downloaded one.
by travellight
Sun Jul 31, 2016 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Roth 401k for high earners
Replies: 21
Views: 2316

Re: Roth 401k for high earners

^Isn't tira limited to $6500? Also, Op stated they will never be in a lower tax bracket.
by travellight
Sat Jul 30, 2016 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

thanks Duckie....I couldn't find the forms mode and I had checked all those things appropriately as you had outlined. I think I solved it though. I went to the 1099r again and rechecked everything. I changed one item which is again when they asked how much was in my traditional ira; I changed this t...
by travellight
Sat Jul 30, 2016 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

Thanks retiredjg and duckie .... I tried it as suggested with the inputs below, checking both boxes (tira and roth ira): How much of the $6,500 you contributed to a traditional IRA for 2015 did you switch, or "recharacterize" (this does not include conversions or rollovers), to a Roth IRA?...
by travellight
Fri Jul 29, 2016 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

Thanks duckIe!!! I will try it with the different answer question 1. I did prior conversions cleanly and they've been reported in my past tax returns correctly. I would have not invoked the pro rata rule.

I will report back. Thanks so much for the help.
by travellight
Fri Jul 29, 2016 11:21 am
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

So, to walk through the steps (hoping this exercise may be helpful to others in the same boat doing the back door roth ira and using turbotax): Start the process by clicking on this box: (click the box for traditional and roth ira contributions) Retirement and Investments IRAs, investment interest e...
by travellight
Thu Jul 28, 2016 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

^I did answer no to that.
by travellight
Thu Jul 28, 2016 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

It still says this:
Because you made an excess contribution of $6,500 to your Roth IRA, you will owe a 6% penalty ($390) each year that excess money remains in the IRA.
by travellight
Thu Jul 28, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

IRA contributions (other than amounts in boxes 2-4 and 8-10) $0.00
2 Rollover contributions $0.00
3 Roth IRA conversion amount $6,474.88
4 Recharacterized contributions $0.00

My bank form sees it as a conversion, not a recharacterization. These terms are confusing.
by travellight
Thu Jul 28, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

still showing taxation:

IRA Distributions - taxable $983
IRA Distributions - nontaxable $5,492

trying to figure it out... this time it even took me to form 8606 and asked how much I had tracked as of 12/31/14 which I answered.
by travellight
Thu Jul 28, 2016 1:38 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 766
Views: 73830

Re: What's Your Credit Card Rewards Strategy?

Citi prestige just announced no more AA Admirals club access. :(

May not be in effect till 7/23/17 though
by travellight
Mon Jul 25, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 15338

Re: Early retirees, how much did you leave on the table?

my best rough estimate is about 4 million left on the table if I retire at 58 rather than 65. I do also struggle with the idea of retire at 58 but not just because of the money. I don't feel I am compromising or sacrificing much while I work.... currently on a train from Boston to Portland, Maine to...
by travellight
Sun Jul 24, 2016 1:26 am
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 46
Views: 5743

Re: IRS questioning my backdoor roth?

I am having the same problem with turbotax. Have to figure out how to answer correctly to invoke 8606.
by travellight
Fri Jul 22, 2016 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Put out-of-state rental property in LLC's name?
Replies: 27
Views: 5396

Re: Put out-of-state rental property in LLC's name?

^ mine are in Utah. There are many websites that charge about $100-200 but I did it directly on the state government website for the minimum fee. I think it was like $70. In California, that would be $800.
by travellight
Sat Jul 16, 2016 3:30 pm
Forum: Personal Consumer Issues
Topic: How do you find a tenant for rental house?
Replies: 37
Views: 2241

Re: How do you find a tenant for rental house?

I found Zillow to be very effective. It ends up being posted on many different sites such as hot pads and Rentler.
by travellight
Sat Jul 09, 2016 10:18 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1904
Views: 447675

Re: What Movie Have You Recently Watched?

Woman in Gold. It's about suing the Austrian government to get back the Klimt painting. I really enjoyed it.
by travellight
Sat Jul 09, 2016 10:14 am
Forum: Personal Consumer Issues
Topic: Hotel in Honolulu?
Replies: 26
Views: 1878

Re: Hotel in Honolulu?

I recommend a restaurant called Fete in downtown Honolulu. The desserts are great.... I had the pineapple crostata which was sublime.
by travellight
Wed Jul 06, 2016 12:38 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 766
Views: 73830

Re: What's Your Credit Card Rewards Strategy?

Thanks for the thoughts on global entry, bfwolf and chiefilini.... I will likely do something with that feature.
by travellight
Mon Jul 04, 2016 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 766
Views: 73830

Re: What's Your Credit Card Rewards Strategy?

re Citi Prestige: I am in love with this card. I am normally frugal and don't get cards with AF. Exception was Southwest to get the companion pass, very much worth it and the best deal out there imo. This is second best. Annual fee is $450 (or $350 with citigold account). I managed to get the $350. ...
by travellight
Sun Jul 03, 2016 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a million dollar house?
Replies: 85
Views: 8809

Re: Can I afford a million dollar house?

Is your monthly income reliably over 15k per month? Your mortgage should be roughly a third of your net income. I would tend to go for buying less house.... I would base it just on the stable job and consider the side business a way to pay down your mortgage quickly if you want to. Based on just you...
by travellight
Sun Jul 03, 2016 10:40 am
Forum: Personal Consumer Issues
Topic: What do you spend your money on???
Replies: 149
Views: 13715

Re: What do you spend your money on???

Taxes
Fancy college tuition
Travel and eating out
Real estate

No other indulgences, really.
by travellight
Sat Jul 02, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 61
Views: 5900

Re: Handling "drive-by" doctoring bills following surgery?

I had my baby by C-section at Kaiser. Net cost was zero. That baby years later fell while skiing and had a bad arm fracture incurring outside medical care and costs, thousands of dollars. Net cost to me through Kaiser was zero. They paid it all for me. Op's situation would never have happened at Kai...
by travellight
Sat Jul 02, 2016 4:18 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1904
Views: 447675

Re: What Movie Have You Recently Watched?

Carol. I saw it as a beautiful love story and illustrated the oppressive challenges of being gay in the 50s.
by travellight
Fri Jul 01, 2016 8:09 pm
Forum: Personal Consumer Issues
Topic: Hotel in Honolulu?
Replies: 26
Views: 1878

Re: Hotel in Honolulu?

I just enjoyed a budget place, the Aqua aloha surf waikiki hotel. It's about 3 to 4 blocks to the beach and delivered everything I needed for about $135 per night plus tax. This included complimentary buffet breakfast and free Wi-Fi.
by travellight
Wed Jun 29, 2016 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 766
Views: 73830

Re: What's Your Credit Card Rewards Strategy?

Woohooo, I just got approved for ihg card by chase... Just when you think you have exhausted the churning.
by travellight
Wed Jun 29, 2016 5:52 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1080
Views: 178504

Re: What are you up YTD? [Year To Date]

About 5.3%, 80/20 aa
by travellight
Wed Jun 29, 2016 5:44 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1904
Views: 447675

Re: What Movie Have You Recently Watched?

^ I loved Paul Dano in that.
by travellight
Wed Jun 29, 2016 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 24519

Re: Where were you financially when you were at 30?

I was 2 years into working and had paid off 25k in student loans within the first year. I made about 140-178k per year.
by travellight
Sat Jun 18, 2016 5:12 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1904
Views: 447675

Re: What Movie Have You Recently Watched?

Zootopia.... Loved it, especially the DMV scene and the mafia big guy.
by travellight
Sat Jun 18, 2016 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: cost of raising kids. BHs experience through college
Replies: 76
Views: 4579

Re: cost of raising kids. BHs experience through college

One can be frugal and spendy at the same time.... it's all about what you prioritize. I cut my own hair, don't do nail salons, never buy bottled water at the airport, etc., but I spent for Hamilton tickets on Broadway and send my kid to a 70k per year school. I'm not paying for the wedding though; I...
by travellight
Sat Jun 18, 2016 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: cost of raising kids. BHs experience through college
Replies: 76
Views: 4579

Re: cost of raising kids. BHs experience through college

[quote]One of my professors during residency used to say "the first 30 years (raising children) are the hardest". I am now seeing the wisdom is this statement./quote]

Ah, only 11 years left to go...
by travellight
Thu Jun 16, 2016 9:58 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on insurance?
Replies: 25
Views: 2133

Re: How much do you spend on insurance?

[quote]jeffyscott » Thu Jun 16, 2016 3:08 am

travellight wrote:
8 houses/quote]

6 of them are investment rental homes. I'm no Mitt Romney, lol.
by travellight
Thu Jun 16, 2016 9:56 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 766
Views: 73830

Re: What's Your Credit Card Rewards Strategy?

Is Freedom the only card that gives 5x on Costco and is that always the case? Is there ever a bonus for getting Freedom? I haven't seen it and I would think not because it is a free card, right? I am also running out of churning options. I recently got the citi prestige which I had to pay for. Waiti...
by travellight
Thu Jun 16, 2016 1:25 am
Forum: Personal Consumer Issues
Topic: Would you pay 6x face value to see Hamilton on Broadway?
Replies: 139
Views: 9041

Re: Would you pay 6x face value to see Hamilton on Broadway?

flip side of the coin happened for me last month.... I had orchestra seats at face value bought 8 months ago and could have sold for 8x but I didn't. I attended, and it was so worth it. I was on my cell phone trying to buy more seats for 8 months from now but nothing is available at all now. So glad...

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