Search found 1737 matches

by Tamarind
Thu Nov 14, 2019 7:16 am
Forum: Personal Investments
Topic: New financial responsibilities - a young couple seeking advice
Replies: 18
Views: 1227

Re: New financial responsibilities - a young couple seeking advice

Given your income and the fact that you can now max your 401ks, it's time to expand your definition of "retirement" account beyond your 401ks. Noted - I think the issue here in my understanding of the liquidity of the different account types. ie. 401k is penalized if taken before retirement, while ...
by Tamarind
Thu Nov 14, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: What are the best jobs to downshift into?
Replies: 16
Views: 1637

Re: What are the best jobs to downshift into?

Part time office admin? I'm thinking about front-desk kinds of jobs here.
by Tamarind
Wed Nov 13, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11042

Re: Saving seats on Southwest

The open seating policy is the primary reason that I also stay away from Southwest. I don't know any business travelers who fly Southwest either, as the open seating policy requires them to get to the gate earlier than they would otherwise, there are no upgrades, it's a pretty limited network, in c...
by Tamarind
Wed Nov 13, 2019 1:07 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11042

Re: Saving seats on Southwest

I don't get the thread, I was under the impression that the check-in agent/machine is the one/thing that decides your seat number and it is printed on the boarding pass! Is SW following a different protocol? Sorry for the stupid question. Yes, there are no assigned seats with SW. BogleMelon, with S...
by Tamarind
Wed Nov 13, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Question on personal accounting costs for tax preparation
Replies: 10
Views: 535

Re: Question on personal accounting costs for tax preparation

K-1 is no big deal. I used to have a little LLC and I got to issue myself my own K-1 and then report on it. ;)

Give it a try comparing to previous years results from the tax preparer. I bet you can do it yourself with or without software.
by Tamarind
Wed Nov 13, 2019 10:56 am
Forum: Personal Investments
Topic: New financial responsibilities - a young couple seeking advice
Replies: 18
Views: 1227

Re: New financial responsibilities - a young couple seeking advice

Welcome, OP. You draw a distinction in your post between your brokerage account and "retirement". Given your income and the fact that you can now max your 401ks, it's time to expand your definition of "retirement" account beyond your 401ks. You should both be maxing out Roth IRAs ($6k each). It won'...
by Tamarind
Wed Nov 13, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Timing on self-employment and income tax
Replies: 12
Views: 438

Re: Timing on self-employment and income tax

So nothing in the business is taxed? The only tax action is going to be the SE and income taxes based upon partner 1 and partner 2's profit taken from the business, which in this case is $75K/$25K. Yes, unincorporated businesses (sole proprietorships, partnerships, LLCs) are "pass-through entities"...
by Tamarind
Wed Nov 13, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: HSA questions
Replies: 9
Views: 687

Re: HSA questions

Assuming you don't actually use either insurance plan, you can only come out ahead if the difference between your unsubsidized HDHP premiums and your company-provided premiums is less than $2485/year. That's the tax benefit to you of getting $7100 into a HSAs at 35% marginal rate. I guess you could ...
by Tamarind
Tue Nov 12, 2019 4:14 pm
Forum: Personal Investments
Topic: FIRE Roth Ladder Tax Question
Replies: 13
Views: 1141

Re: FIRE Roth Ladder Tax Question

You don't owe income tax on the whole amount of your taxable withdrawals, only on the capital gains in the lots you sell. So the size of the tax bill is highly dependent on how much you are converting and how much gain and loss you have available to harvest in the taxable account. This version of t...
by Tamarind
Tue Nov 12, 2019 5:20 am
Forum: Personal Investments
Topic: FIRE Roth Ladder Tax Question
Replies: 13
Views: 1141

Re: FIRE Roth Ladder Tax Question

You don't owe income tax on the whole amount of your taxable withdrawals, only on the capital gains in the lots you sell. So the size of the tax bill is highly dependent on how much you are converting and how much gain and loss you have available to harvest in the taxable account. This version of th...
by Tamarind
Mon Nov 11, 2019 8:22 am
Forum: Personal Investments
Topic: Backdoor Roth Gone Wrong
Replies: 12
Views: 1228

Re: Backdoor Roth Gone Wrong

@retiredjg - thanks for your guidance. I have been doing my taxes (via TurboTax), which I'm realizing is probably not the smartest idea. I'm probably going to enlist an accountant's help in the future... Your plan looks right to me. The reason I asked about how you do your taxes is that it is somet...
by Tamarind
Sun Nov 10, 2019 3:28 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 11042

Re: Saving seats on Southwest

I highly enjoy Southwest and choose it for my work travel, in part because of the seating setup. The flights I am taking are also mostly "business" - ie early morning or late evening flights on Sunday and Friday, so there are few couples and families. I can get much better seats on SW (never paid fo...
by Tamarind
Sun Nov 10, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Retire or work again?
Replies: 23
Views: 2834

Re: Retire or work again?

I do not have to practice and I can definitely live without it. I just do not want to feel like I am being lazy and retiring early. My family is fine with whatever I want and it is hard to get unbiased opinion from friends or colleagues. Thanks :) Take option #1 and if make it a goal to find a hobb...
by Tamarind
Sat Nov 09, 2019 8:36 am
Forum: Non-US Investing
Topic: S&P500 52 week high, Hold, DCA, or Invest lump sums
Replies: 13
Views: 1005

Re: S&P500 52 week high, Hold, DCA, or Invest lump sums

I would say that all times in the stock market are similarly risky. Most of the known risk is priced in. What's missing and could affect you is the events that are not yet known - i.e business fraud, liquidity crisis, surprise geopolitical conflict, discovery of incoming asteroid. But remember any p...
by Tamarind
Sat Nov 09, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7523

Re: Do you charge your employer for the time that you spend working on your off days?

Some companies expect a quick response to every communication including outside business hours. This drives me nuts and I would about working for those places. I prefer those that recognize email and text as asynchronous communication tools. I read email once or twice on off-days, but there is no ex...
by Tamarind
Fri Nov 08, 2019 2:59 pm
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 61
Views: 4670

Re: How bad business travel is?

10% and a short flight seems reasonable. I currently do up to 25% cross country and I need the occasional "no fly" month to recover.
by Tamarind
Thu Nov 07, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Need to separate biz transactions from personal -- do we need a biz checking account?
Replies: 18
Views: 853

Re: Need to separate biz transactions from personal -- do we need a biz checking account?

BeTheMatch wrote:
Thu Nov 07, 2019 5:18 pm
If she has an LLC, she can get a business account at Azlo. And everything is free. ACH payments, bill pay, deposits. Everything. No minimum balance. Nothing.
+1. This is what I use for my side hustle.
by Tamarind
Thu Nov 07, 2019 1:38 pm
Forum: Personal Investments
Topic: Long-term disability insurance attorney to review policy
Replies: 12
Views: 580

Re: Long-term disability insurance attorney to review policy

-Policy should be true own-occupation  What does this mean? It means that the policy should pay out if you are unable to perform your own job (broadly defined), rather than requiring that you be unable to perform any work at all. The classic example is, if you are a surgeon, you would want a policy...
by Tamarind
Thu Nov 07, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage to prepay or not prepay
Replies: 80
Views: 5619

Re: Mortgage to prepay or not prepay

I have a belief, probably not supported by the math, that folks who refinance to get a lower interest rate should prepay enough to pay off the mortgage by the end of their original term. I.e I bought with a 15-year fixed mortgage at 4.375%. In year 8 I refinanced to a 5/1 ARM with a 10-year term at ...
by Tamarind
Thu Nov 07, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: When to buy Car extended warranty ?
Replies: 55
Views: 2635

Re: When to buy Car extended warranty ?

I got a fairly good deal on a Hyundai extended warranty that covered all non-drivetrain items through 10yrs/100k mi. Drivetrain was covered by manufacturer's warranty for the same period. I paid $1000 for the warranty because it was my first new car and a new model design so the reliability was not ...
by Tamarind
Thu Nov 07, 2019 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability and Financial Independence - Drop Coverage?
Replies: 25
Views: 1137

Re: Long Term Disability and Financial Independence - Drop Coverage?

I think I would drop it. Group policies tend to be so restricted that I wouldn't normally recommend someone do more than accept a "free" policy unless they thought they couldn't ever qualify for individual LTD. Who's the provider? Is there a level of coverage that is fully subsidized by the employer...
by Tamarind
Wed Nov 06, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: Do wool dryer balls work?
Replies: 14
Views: 1314

Re: Do wool dryer balls work?

They seem to reduce wrinkles somewhat. I can't say whether they cause the clothes to dry faster as some claim.
by Tamarind
Wed Nov 06, 2019 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Disability vs Term Life?
Replies: 19
Views: 978

Re: Disability vs Term Life?

I have LTD only right now as no kids. My wife works and could easily support herself if I died, but could not also afford care for me if I were disabled for a long time. At the point when/if we had a child I would add 20-yr term. It's a tough decision when one already has a potentially disabling con...
by Tamarind
Tue Nov 05, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dormant sole proprietorship checking balance - uses?
Replies: 2
Views: 209

Dormant sole proprietorship checking balance - uses?

I briefly operated a sole proprietorship this year in my legal name (no DBA). I wanted to try out a new role before seeking full time employment in the field. I got an EIN and set up a business checking account. Performed one job for which I should receive a 1099. I liked it so much I went out and g...
by Tamarind
Tue Nov 05, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: Weddings - The good? The bad?
Replies: 47
Views: 4265

Re: Weddings - The good? The bad?

We choose to have our reception at a restaurant, and it was the most convenient thing in our otherwise very DIY wedding. Would do it again in a heartbeat. The restaurant space is responsible for ADA compliance, restrooms, etc. They cater and serve and clean up. Ours provided wait staff to help set u...
by Tamarind
Tue Nov 05, 2019 6:10 am
Forum: Investing - Theory, News & General
Topic: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?
Replies: 63
Views: 5432

Re: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?

OP, given the larger context you are making decisions in (the trust), there is only one thing in your control that will affect your outcome. Can you set a budget that is less than your income and (just as importantly) stick to it? Live below your means. This is predictive of your ability to handle t...
by Tamarind
Mon Nov 04, 2019 1:58 pm
Forum: Personal Investments
Topic: At the halfway mark, need help with 2 big decisions
Replies: 30
Views: 3164

Re: At the halfway mark, need help with 2 big decisions

I'd take the new job, but first roll your 401k over to current employer if you can.
by Tamarind
Mon Nov 04, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Legally employing a personal assistant?
Replies: 44
Views: 2691

Re: Legally employing a personal assistant?

3. maybe give her the first "task" of figuring out the details, paperwork, etc. of hiring her. Then, you can finalize things. Not sure, but there might be some kind of service that could take care of all the financial aspects and reporting. This is a pretty good idea. Offer her either a flat fee or...
by Tamarind
Mon Nov 04, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: New Job, Depressed, Money issues
Replies: 89
Views: 11617

Re: New Job, Depressed, Money issues

I recently started a new job (a career move I've been working towards for several years) and I knew I would have a steep learning curve. There have definitely been days when I felt like my task was not possible. It really helped me to speak with a colleague with a couple more years experience in the...
by Tamarind
Mon Nov 04, 2019 6:54 am
Forum: Investing - Theory, News & General
Topic: Mega-backdoor roth ira conversion with one check
Replies: 33
Views: 2109

Re: Mega-backdoor roth ira conversion with one check

(BUMP) This year I want to receive 2 checks from Fidelity 401k after-tax, one with earnings, one with contributions When I send them to Vanguard, can I send the two checks with one letter of instructions in the same envelope? Or shoud I separate them in 2 envelopes each with one instruction letter?...
by Tamarind
Mon Nov 04, 2019 5:48 am
Forum: Personal Finance (Not Investing)
Topic: ACA Marketplace
Replies: 14
Views: 1770

Re: ACA Marketplace

You can try calling up a couple of insurance companies directly and asking about catastrophic policies. Seems all you are needing to cover is a fast-moving major issue like an accident. $200/month would pay for itself fast in the event of any hospital visit, but you can likely find something a littl...
by Tamarind
Sat Nov 02, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6407

Re: [Just got married] Looking for ways to cut down on my budget

While it's not the budget question asked, I do agree with those above suggesting that if husband's income remains flat, it might be better for him to be primary caregiver. It would be much less risky than OP taking significant time away from work, and even if he doesn't want to be a SAHD he might fi...
by Tamarind
Fri Nov 01, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: PPO or HSA
Replies: 4
Views: 435

Re: PPO or HSA

Yes, you're right.

Most HDHPs are also better at the very high claims end because of difference in premiums, but yours is not due to the large employer subsidy. Given how low the OOP max is, I think I'd choose the HDHP.
by Tamarind
Fri Nov 01, 2019 12:59 pm
Forum: Personal Investments
Topic: Options to Lively for HSA
Replies: 5
Views: 447

Re: Options to Lively for HSA

I hold SPTM at Lively.
by Tamarind
Fri Nov 01, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6407

Re: [Just got married] Looking for ways to cut down on my budget

I recently got married and just sat down with my DH to look over the budget post marriage for the first time. The numbers surprised us, not that we are living way above our means, but we were under the impression that we were doing so well and had much more room than the numbers suggest. We are thi...
by Tamarind
Fri Nov 01, 2019 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12458

Re: Possible Layoff: Need Assurance That We Will Be Okay

I would suggest the OP read this one again for some perspective. It's not that the anxiety is not real, it's that by not adressing the anxiety as the problem OP risks a very particular kind of failure that's not on their list of feared scenarios. OP, what if you waste years of your life worrying abo...
by Tamarind
Thu Oct 31, 2019 8:24 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8790

Re: How much do you plan to spend on your children's weddings?

Nothing on the wedding. I would likely give a gift to the couple which they could use for the wedding if they liked, of a size dependent on my free cash flow.

Between both sets of parents my wife and I received about $2000 in cash which was an unexpected but welcome addition to our budget.
by Tamarind
Thu Oct 31, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12458

Re: Possible Layoff: Need Assurance That We Will Be Okay

OP, if I were you I'd have retired about $1.5M ago, and my family has similar target spending to yours.

I suggest you take the loss of the job as a needed kick to remind you that you are financially independent and don't need to work. Now go find something interesting to do with yourself!
by Tamarind
Wed Oct 30, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: HSA String Along
Replies: 2
Views: 526

Re: HSA String Along

No, not really. It took a good 8 weeks for HealthEquity to process my trustee-to-trustee transfer. You just have to keep bugging them.
by Tamarind
Wed Oct 30, 2019 10:55 am
Forum: Personal Investments
Topic: Should I convert my wife's 401k to IRA?
Replies: 32
Views: 1012

Re: Should I convert my wife's 401k to IRA?

retiredjg wrote:
Wed Oct 30, 2019 10:54 am
I think you may not understand what she actually holds - it has all the diversification it needs and is very low cost. There is no reason to move this money.

https://www.blackrock.com/us/individual ... st-cl-fund
+1
by Tamarind
Wed Oct 30, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?
Replies: 52
Views: 4687

Re: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?

Can also search for "meal prep your city" and you may find multiple local options. Seconded. The fully prepared services (as opposed to kits that you still need to cook) tend to be much more local. You could also try searching for "personal chef" but I suspect your budget is low for that. Sometimes...
by Tamarind
Tue Oct 29, 2019 6:11 am
Forum: Personal Consumer Issues
Topic: Anyone have an issue with Corelle plates?
Replies: 38
Views: 3592

Re: Anyone have an issue with Corelle plates?

I had no idea my Corelle winter white was the Bogleheads Dishware of Choice TM! Wife and I settled on it when we were ready to donate our mismatched and banged up collections of dishes that survived college. So far, the only issue I've had is that it can acquire rust stains from my elderly dishwashe...
by Tamarind
Mon Oct 28, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: How long is too long to receive an order from an online merchant?
Replies: 9
Views: 544

Re: How long is too long to receive an order from an online merchant?

I agree with UpperNwGuy that this sounds like a drop ship snafu. The vendor you bought from my show the item as in stock online but never carry it in store. Instead when an order is placed they immediate raise a purchase order to their vendor. Very common these days for lower volume items of all sor...
by Tamarind
Sun Oct 27, 2019 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed on interesting PSLF situation - should we change course?
Replies: 25
Views: 1319

Re: Advice needed on interesting PSLF situation - should we change course?

ASpenderInRecovery wrote:
Sun Oct 27, 2019 5:36 am
Assuming we choose to just pay off the loans, any suggestions as to how aggressively to pay it off?
Given the interest rate, immediately after maxing tax-deferred (401k/403b/etc, HSAs, backdoor Roth IRA). I'd pay that loan over any other kind of taxable savings.
by Tamarind
Sat Oct 26, 2019 3:00 pm
Forum: Personal Investments
Topic: Widowed and scared to let go of investment advisor
Replies: 27
Views: 3005

Re: Widowed and scared to let go of investment advisor

Ladyaero wrote:
Sat Oct 26, 2019 2:25 pm
Duckie wrote:
Fri Oct 25, 2019 9:49 pm

Also find out what interest rate the Key Guaranteed Portfolio Fund is paying.
Finally found the right tab that had the info- it is currently paying 1.7%
Eh, that's less than a savings account.
by Tamarind
Fri Oct 25, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15105

Re: I no longer plan on retiring early

I find myself going back and forth on this a lot. My spouse wants to continue working forever (well, until health issues stop her from doing so). I always envisioned early retirement. I haven't been really tracking 'my number', but if we both continue working til we are 67 (30 years from now), we w...
by Tamarind
Fri Oct 25, 2019 1:10 pm
Forum: Personal Investments
Topic: need your wise advice about what to do next in my life
Replies: 24
Views: 3154

Re: need your wise advice about what to do next in my life

A HELOC to fund a rental is a bad idea. Use the cash flow to pay for your next rental in cash. Making more than 12k a month on rentals, I'd quit my day job and start running my rental empire. :beer The reason why i kind of need the HELOC is because housing is really expensive where i live and unles...
by Tamarind
Fri Oct 25, 2019 11:15 am
Forum: Personal Investments
Topic: need your wise advice about what to do next in my life
Replies: 24
Views: 3154

Re: need your wise advice about what to do next in my life

You have focused on income and clearly doing well at the real estate game so far. What's your net worth? I'm 33 and if I were you I'd consider diversifying my investments by adding extra to my 401k, IRA, or taxable account if all tax advantaged are maxed. My net-worth is somewhere between 2-3 milli...
by Tamarind
Fri Oct 25, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5167

Re: Who does your tax returns?

Do it myself by hand. Then I know what affects my taxes to what degree, and no software program is screwing it up. Also, zero cost. Exactly! Then I run it thru TurboTax to efile. I would love to use the free fillable forms, but my state insists that if you efile federal, you must efile state, too, ...