Search found 2285 matches

by travellight
Thu Jul 28, 2016 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: IRS questioning my backdoor roth?
Replies: 33
Views: 4016

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: 33
Views: 4016

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: 33
Views: 4016

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: 33
Views: 4016

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: 364
Views: 33664

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: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11442

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: 33
Views: 4016

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: 4708

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: 2054

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: 1747
Views: 390329

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: 1816

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: 364
Views: 33664

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: 364
Views: 33664

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: 8583

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: 13114

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: 5741

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: 1747
Views: 390329

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: 1816

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: 364
Views: 33664

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: 1004
Views: 155589

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: 1747
Views: 390329

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: 223
Views: 22487

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: 1747
Views: 390329

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: 4326

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: 4326

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: 2076

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: 364
Views: 33664

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: 8476

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...
by travellight
Tue Jun 14, 2016 12:27 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on insurance?
Replies: 25
Views: 2076

Re: How much do you spend on insurance?

About $9575/year, that covers two cars, umbrella, and 8 houses.
by travellight
Fri May 27, 2016 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Does the $5.45M exemption from estate taxes change your estate planning
Replies: 36
Views: 3302

Re: Does the $5.45M exemption from estate taxes change your estate planning

It does affect my estate planning... as in, I need to start learning this stuff as I have just passed the limit and may have 30+ more years to live and the estate may grow significantly.
by travellight
Thu May 26, 2016 8:11 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 4810

Re: What was your first investment?

Bought a house for 80,000$ when I was 21. I sold it at age 25 for $125,000. The neighbors were shocked it had gone up like that.
by travellight
Thu May 26, 2016 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 364
Views: 33664

Re: What's Your Credit Card Rewards Strategy?

^In my best year I generated 385,000 points but I don't know how many cards that involved. It was probably only about 7 to 8 cards if each card gave 50,000 points.
by travellight
Thu May 26, 2016 12:40 am
Forum: Personal Consumer Issues
Topic: How much do you spend on trips/vacations?
Replies: 74
Views: 4983

Re: How much do you spend on trips/vacations?

mint says that a little over 50% of my credit card spending is on travel. This doesn't even include food during travel. It covers hotels, air (mostly free on miles), uber.
by travellight
Thu May 26, 2016 12:32 am
Forum: Personal Consumer Issues
Topic: How much do you spend on trips/vacations?
Replies: 74
Views: 4983

Re: How much do you spend on trips/vacations?

I spend about $200/night for lodging and $200/day for food and fun. I work full time but do a small trip somewhere for fun monthly.
by travellight
Mon May 23, 2016 9:59 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1747
Views: 390329

Re: What Movie Have You Recently Watched?

I saw Sicario last night. I thought it was flawed but watchable. I tried to appreciate its strong points which were the scenes at the end with Benicio del toro. I found myself very irritated with the Emily Blunt character. I agreed with the NY Times review of this movie by A. O. Scott and the commen...
by travellight
Mon May 23, 2016 9:55 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1747
Views: 390329

Re: What Movie Have You Recently Watched?

^I saw Bryan Cranston on Broadway from the front row in All the way and it was riveting. Money well spent. Looking forward to seeing this HBO version.
by travellight
Mon May 23, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12214

Re: Evicting a tenant-Hire lawyer?

Good to hear the place looks fine. If the funds do show up, will you cancel the eviction? If you do cancel it, will you charge her fees for the process? I would charge late fees, any fees involved in the posting and eviction, plus a $200 administrative fee for my headaches (or I would at least take ...
by travellight
Sun May 22, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Buying land in West
Replies: 30
Views: 2963

Re: Buying land in West

I would also think if water issues. I read that thr guy in The Big Short is now focusing in buying land, for water.
by travellight
Sat May 21, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: IRS wants taxes for a backdoor Roth
Replies: 14
Views: 2666

Re: IRS wants taxes for a backdoor Roth

^thanks DSInvestor!!! I will run through that and give it a try.
by travellight
Sat May 21, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?
Replies: 56
Views: 4043

Re: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?

Back when my salary was 178k, I would only allow myself to buy a 400k house. That calculator to 750k seems off to me. That being said, I was in a position of secure income increases back then and ended up buying a house for 837k when my salary was in 300sK. I only had 5% saved but it was my rule to ...
by travellight
Fri May 20, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRS wants taxes for a backdoor Roth
Replies: 14
Views: 2666

Re: IRS wants taxes for a backdoor Roth

Yes, I tried it in Turbotax and HRB's program. It is not easy to do the backdoor Roth. I had to google it and got a step by step how to guide and did it all but there is no form 8606 generated and it still thinks I have a taxable event. I will keep working on it.
by travellight
Fri May 20, 2016 9:39 am
Forum: Personal Finance (Not Investing)
Topic: IRS wants taxes for a backdoor Roth
Replies: 14
Views: 2666

Re: IRS wants taxes for a backdoor Roth

Just wanted to say that I researched this and sat on sidelines for almost a year due to trepidation before I did the backdoor ROTH over two years ago. I found out in the process that my first CPA had never filed 8606s for any of my IRAs for 20 years. As part of the process, my new CPA had to file al...
by travellight
Mon May 16, 2016 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12214

Re: Evicting a tenant-Hire lawyer?

Let us know how it goes. Hope it us not too painful.
by travellight
Sun May 15, 2016 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12214

Re: Evicting a tenant-Hire lawyer?

I usually have them deposit a check in my account at their local Wells fargo bank. This is usually at least 3 weeks before move in. I think even with that, there is a risk with scammers. It can be tough and you can hope to have more winners than losers.
by travellight
Sat May 14, 2016 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 138
Views: 12214

Re: Evicting a tenant-Hire lawyer?

How did she get in the house without two mnths rent money received?
by travellight
Fri May 13, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 213
Views: 23875

Re: Physician Retirement Savings

I think generally high net worth is over 5 million; some would say over 10 million. I have exceeded my original net worth retirement goal but am still working. NW is at 10x annual income, roughly, and at about 80x annual spending. NW is not liquid though and I don't mind the work and pension is bett...
by travellight
Fri May 13, 2016 11:30 am
Forum: Personal Consumer Issues
Topic: National Universities rankings 25 to 75 - Highest priority
Replies: 65
Views: 4539

Re: Top 100 colleges - Highest priority

^while I don't think it is a mandate, one would have to have exceptional other factors when so many other competing students will have taken H/AP in all the core categories plus more.
by travellight
Fri May 13, 2016 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 284
Views: 41266

Re: Credit Card Rewards (Travel)

I agree with you, giesen. Requiring the call is redundant, inefficient, and not customer friendly.

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