Search found 236 matches

by mrgeeze
Wed May 20, 2020 6:25 am
Forum: Personal Finance (Not Investing)
Topic: CARES Act Unemployment and Business Expenses
Replies: 1
Views: 156

CARES Act Unemployment and Business Expenses

My work in the tourism economy has all but evaporated due to the pandemic. I am a gig player receiving multiple 1099's every year for the work I do. I applied for and was granted unemployment benefits under CARES. Thank you all taxpayers! Its making a differenct I a normal year I keep track all busi...
by mrgeeze
Sat Jan 25, 2020 2:50 pm
Forum: Personal Consumer Issues
Topic: Learning to read music
Replies: 31
Views: 1800

Re: Learning to read music

These are my opinions. Some of them may be useful to you Don't bother learning to sightread. The payoff's just not that great. And its a real pain in the butt on a guitar. Playing with other musicians is probably the greatest joy a musician can have. Don't take my word for it, ask any musician. So, ...
by mrgeeze
Mon Jan 20, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: ACA - mid year withdrawal and clawback
Replies: 14
Views: 969

ACA - mid year withdrawal and clawback

Let us assume a person signs up for the ACA in December. When they apply Their anticipated MAGI for the year provides them with with a significant subsidy of which they take advantage. Mid year they realize their AGI will exceed the cliff. Significantly. So they withdraw (cancel)from the ACA . Assum...
by mrgeeze
Tue Jan 14, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: ACA ... Asset Allocation backed in a corner
Replies: 65
Views: 4259

Re: ACA ... Asset Allocation backed in a corner

File this under the "I never thought about this" category. Wife and I currently on ACA with zero monthly premium. Bronze catastrophic plan. This will be the 4th year of our participation. Every year we struggle to maintain our MAGI under the ceiling. So far so good. The stock market has been strong...
by mrgeeze
Mon Jan 13, 2020 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: ACA ... Asset Allocation backed in a corner
Replies: 65
Views: 4259

Re: ACA ... Asset Allocation backed in a corner

Thanks for the clarification. I understand what the "real" cliff is with the ACA- wasn't sure of the amounts for married, single, etc. A friend of mine is battling with keeping his income low to get the full amount of subsides. That seems kind of self defeating to me to a point- limiting income (wh...
by mrgeeze
Mon Jan 13, 2020 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: ACA ... Asset Allocation backed in a corner
Replies: 65
Views: 4259

Re: ACA ... Asset Allocation backed in a corner

to those posters unfamiliar with the ACA. the cliff means exceeding the ACA MAGI limits on your federal tax return. the penalty is 100% clawback on the subsidized premium for the year. in the business, we call this a bad thing. for a husband/wife the 2019 MAGI limit is approximately 66k. Exceed the ...
by mrgeeze
Mon Jan 13, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: ACA ... Asset Allocation backed in a corner
Replies: 65
Views: 4259

Re: ACA ... Asset Allocation backed in a corner

If you have an HSA option, that gives a bit more space under the cliff, but I'm presuming you've already done what you can there. Beyond that, you can rebalance in your tax-deferred space, to the extent possible. If we get a market crash, that will take care of it for you :twisted: I don't regard A...
by mrgeeze
Mon Jan 13, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: ACA ... Asset Allocation backed in a corner
Replies: 65
Views: 4259

ACA ... Asset Allocation backed in a corner

File this under the "I never thought about this" category. Wife and I currently on ACA with zero monthly premium. Bronze catastrophic plan. This will be the 4th year of our participation. Every year we struggle to maintain our MAGI under the ceiling. So far so good. The stock market has been strong ...
by mrgeeze
Mon Jan 13, 2020 2:45 pm
Forum: Investing - Theory, News & General
Topic: Too Much Apple [AAPL] Stock
Replies: 68
Views: 9063

Re: Too Much Apple [AAPL] Stock

I'm already overweight with aapl in my portfolio. but when the market opens on monday I'm buying 500 shares. I hope to sell it within a month or two, hopefully in tax year 2019. I think that's a pretty safe play foe hopefully a 5-10% return. of course, its a bit like gambling. and i have been wrong...
by mrgeeze
Wed Dec 18, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is any one uncomfortable with their wealth?
Replies: 152
Views: 12124

Re: Is any one uncomfortable with their wealth?

livesoft wrote:
Wed Dec 18, 2019 9:07 am
It's time to increase your charitable contributions. Better yet, at Christmas parties you tell everyone that you are increasing your charitable contributions.

BTW, I'm increasing my charitable contributions. That's actionable.
I too am increasing my charitable contributions.
by mrgeeze
Sat Dec 14, 2019 7:00 pm
Forum: Personal Investments
Topic: Managing Investment Income Vanguard
Replies: 4
Views: 343

Re: Managing Investment Income Vanguard

Cheez it Guy, your superpower is not cloaked by your orange color
Very helpful
Thanks.

Geeze
by mrgeeze
Sat Dec 14, 2019 6:40 pm
Forum: Personal Investments
Topic: Managing Investment Income Vanguard
Replies: 4
Views: 343

Managing Investment Income Vanguard

I manage my taxable income pretty carefully to stay under the ACA cliff. One thing I've noticed is some Vanguard funds distribute a lot of $$$ near the end of the year. Dividend funds seem to be an example In past years it would normally be posted by now. I don't yet see it. I have to do some stock ...
by mrgeeze
Mon Nov 25, 2019 3:43 pm
Forum: Personal Investments
Topic: Selling Rental Property: Best Dec. 30 or Jan. 3?
Replies: 4
Views: 719

Re: Selling Rental Property: Best Dec. 30 or Jan. 3?

+1 on sell it next year.
Never pay taxes till you have to.
Then pay what you owe.

Congratulations.
by mrgeeze
Mon Nov 25, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: House considered retirement?
Replies: 33
Views: 2840

Re: House considered retirement?

Also, I read an article saying when baby boomers die, or move to assisted living, there will be a housing glut. Something to consider? I believe there will be some changing dynamics in the future for the housing market. Personally, I can easily envision a glut of McMansions. Seems to be something o...
by mrgeeze
Wed Nov 20, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Rental payments electronic transfer alternatives
Replies: 14
Views: 1125

Re: Rental payments electronic transfer alternatives

and the winner is .......

Zelle!
by mrgeeze
Tue Nov 19, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Rental payments electronic transfer alternatives
Replies: 14
Views: 1125

Rental payments electronic transfer alternatives

Have a new tenant moving in. Specified electronic transfer for rent in the lease. Previously I have used a simple ACH transfer to my bank account. I've been using Zelle lately for some other things and I like it. I do realize it may require 2 transfers each month to pay the rent with Zelle. Any pros...
by mrgeeze
Sun Nov 17, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: New Tenant.... possibly
Replies: 28
Views: 2087

Re: New Tenant.... possibly

Recently arrived in US. no credit history in the US and little or no audit trail Any alarms going off. You don't hear any alarms? Are you new to the landlord business? Do you regularly rent to folks with no credit history? Yes I do hear some alarms. That's why I posted. I tend to be a little less t...
by mrgeeze
Sun Nov 17, 2019 3:19 pm
Forum: Personal Investments
Topic: When do you take it off the table?
Replies: 23
Views: 4386

Re: When do you take it off the table?

hold the course.
by mrgeeze
Sun Nov 17, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: New Tenant.... possibly
Replies: 28
Views: 2087

Re: New Tenant.... possibly

A call to his employer and some proof of the H1-B are probably next on the list.
His letter of reference is from the CEO of the company and cites the H1-B visa.
He seems to have very gainful employment.
by mrgeeze
Sun Nov 17, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: New Tenant.... possibly
Replies: 28
Views: 2087

New Tenant.... possibly

Just put the townhouse out for a new renter. Suburban Va DC Metro area. Got an applicant who looks good on paper. Recently arrived in US. He has an H1-B visa and employment as a senior software developer. According to his app his income makes the rent about 20% of gross pay. Not a financial stretch....
by mrgeeze
Thu Nov 14, 2019 6:58 am
Forum: Personal Finance (Not Investing)
Topic: What are the best jobs to downshift into?
Replies: 51
Views: 7842

Re: What are the best jobs to downshift into?

I have two part time jobs. I play music, both in a group and as a solo act. I started gigging out at restaurants this past summer. Lots of fun. Meet people. Make some money. Definitely keeps the brain active. I also work as a part time captain/mate on a charter fishing boat. Also a good bit of fun, ...
by mrgeeze
Fri Nov 01, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: ACA over the MAGI cliff! does it really matter?
Replies: 10
Views: 1929

ACA over the MAGI cliff! does it really matter?

Assume I'm over the MAGI cliff in 2020, due to some investment returns I may not be able to control. Some possibility it wont happen, in which case I'll be fine (like the last 2 years). I am exploring alternate health insurance policies on the open market. Nothing compelling as of yet. Don't really ...
by mrgeeze
Fri Nov 01, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: November 1 Health Insurance Time again
Replies: 4
Views: 489

November 1 Health Insurance Time again

Looks like spouse and I will exceed the ACA MAGI limit next year (2020). So, no more subsidy for us I visited Healthcare.Gov The cheapest bronze policy is over $2,000 per month with lots of co-pays and out of pockets should I actually need healthcare. Not exactly encouraging. I could see a policy li...
by mrgeeze
Tue Oct 08, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: What are the essential and discretionary expenses in a retirement budget?
Replies: 110
Views: 7489

Re: What are the essential and discretionary expenses in a retirement budget?

20% of the annual budget on Healthcare.
The price of a new car every year.
by mrgeeze
Wed Aug 21, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: property management problem
Replies: 6
Views: 574

property management problem

I own a rental property. One and a half baths. Apparently long term leak from bathtub/commode area in lone full bath has caused some problems. Plumber believes cause is careless bathing/wet floors over long period of time. Sub floor wet/rotting. A major renovation may be in order. Pull tub, subfloor...
by mrgeeze
Wed Aug 14, 2019 8:39 am
Forum: Personal Consumer Issues
Topic: Any Western CO Folks Here (Durango?)? - Would you Rec?
Replies: 41
Views: 3713

Re: Any Western CO Folks Here (Durango?)? - Would you Rec?

Salida and even Buena Vista (BV)are very nice indeed. They seem a bit overpriced to my liking. A barely habitable 500 square foot trailer on a 1000 sf lot will cost you north of $200k in downtown Salida. A 1200 sf home you might like downtown is 500K+. BV pricing is catching up quickly. It is a grea...
by mrgeeze
Sat Aug 03, 2019 12:06 pm
Forum: Personal Investments
Topic: Dollar Cost Averaging for bonds?
Replies: 5
Views: 510

Dollar Cost Averaging for bonds?

I have a some cash I would like to invest. My target asset allocation says it should be 100% bonds. VBTLX will likely be my choice. Normally when I invest in stock funds I dollar cost average over a time period (6months-2years). Is there a good reason to do the same for bonds Is there a good reason ...
by mrgeeze
Sun Jul 28, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: I gotta get me some Bonds!
Replies: 9
Views: 1766

I gotta get me some Bonds!

60.Retired. Married. No Kids. Asset allocation heavily weighted toward equities. Would like to move to a 50/50 AA over the next few years. Wondering which Vanguard bond funds I might consider. Have a chunk in IRA/401 K as well as taxable accounts. Any issues (taxation obviously) to consider in the t...
by mrgeeze
Sat Jul 27, 2019 6:45 am
Forum: Personal Investments
Topic: $$$ on the sideline and other thoughts
Replies: 19
Views: 2020

Re: $$$ on the sideline and other thoughts

i hear you loud and clear.

'nuff said.
by mrgeeze
Fri Jul 26, 2019 3:54 pm
Forum: Personal Investments
Topic: $$$ on the sideline and other thoughts
Replies: 19
Views: 2020

$$$ on the sideline and other thoughts

I feel within the next 5 years we will see a major pullback in the market. I feel the next 10-15 years will be rocky for both the US and world economy. I am both a trained economist and a licensed charter boat captain. Neither qualifies me as a seer of the future. Its not important that you agree/di...
by mrgeeze
Fri Jul 26, 2019 7:20 am
Forum: Investing - Theory, News & General
Topic: [Schwab acquires USAA's Investment Management Company]
Replies: 6
Views: 904

USAA Victory Capital Now Schwab

Just read USAA is selling off the remaining investment accounts.

While I have little investment business with USAA, my widowed mother has the majority of her wealth in 3 USAA funds

Can't help but feel a little abandoned by USAA on these recent moves

Any insight?
by mrgeeze
Sun Jul 07, 2019 1:24 pm
Forum: Personal Consumer Issues
Topic: Best deals on MiFi devices / Hot spot - 4th of July hardware sales?
Replies: 20
Views: 1295

Re: Best deals on MiFi devices / Hot spot - 4th of July hardware sales?

Sell your iPad and buy one with LTE and GPS. Adding a hotspot is extra expense/complexity for a solution that won't actually work. And a tablet with built-in cellular is a game changer in lots of ways. So much so that I've literally never bought one without it. +1 I have owned a few tablets that we...
by mrgeeze
Mon May 27, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: tankless water heater?
Replies: 37
Views: 3961

Re: tankless water heater?

I've owned gas tankless water heaters in 2 different homes. I've used electric tankless water heaters in europe and latin america. I would opt for gas over electricity. I hope they last longer than a tank as tank heaters typically fail from corrosion. I would replace my existing tankless with anothe...
by mrgeeze
Fri Apr 19, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage will I keep when I sell my home?
Replies: 20
Views: 1621

Re: What percentage will I keep when I sell my home?

I think expecting 95% of sale price, even in a sellers market may be optimistic. A good norm, as suggested previously, is expect to spend about 10% out of proceeds to get the deal done. That being said, the ONLY person who cares about the 5% difference is YOU. Realtors have no interest in haggling o...
by mrgeeze
Sat Apr 13, 2019 10:00 am
Forum: Personal Investments
Topic: How to categorize rental property as an asset?
Replies: 10
Views: 802

Re: How to categorize rental property as an asset?

I treat rental property like bonds. I calculate my overall AA on current market value (not purchase price) I calculate investment ROI on current market value. I would only own rental property in a historically strong geographical rental area. For me that has been the Virginia suburbs around Washingt...
by mrgeeze
Mon Apr 08, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages Pro's and Cons
Replies: 23
Views: 1697

Reverse Mortgages Pro's and Cons

Just wondering whether someone could point me to a good place to assess whether a reverse mortgage would be good for me. I've seen a few threads on this forum but not an exhaustive look at it. Google mostly provides me with lots of folks who want to sell me one. I'm a little skeptical going in, but ...
by mrgeeze
Wed Apr 03, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Credit Cards Debt and Illness
Replies: 6
Views: 859

Credit Cards Debt and Illness

Working with a friend with severe credit card problems.
No real income to pay them off.

Has health problems - early onset Alzheimers.

Any ideas as to how to negotiate with banks to lower balance
Possibilities of interest forgiveness?
Principal forgiveness?

Any help appreciated
by mrgeeze
Mon Apr 01, 2019 8:31 am
Forum: Personal Investments
Topic: ACA- Cliff Don't forget the HSA
Replies: 4
Views: 895

Re: ACA- Cliff Don't forget the HSA

Funny how absolutes are rarely so... except for that whole absolute zero thing. The responder assumes that one has the cash lying around for the contribution. Easy to do if its sitting in a money market account waiting for opportunity. However, selling investments to generate cash for HSA could make...
by mrgeeze
Sun Mar 31, 2019 7:22 am
Forum: Personal Investments
Topic: ACA- Cliff Don't forget the HSA
Replies: 4
Views: 895

ACA- Cliff Don't forget the HSA

A reminder to any Bogleheads approaching the cliff putting the finishing touches on 2018 tax returns. If your plan an HSA, a contribution can provide yet another above the line (MAGI) deduction to keep you safe. That contribution can be made up to 15-Apr so its one of the few we can do after the 201...
by mrgeeze
Tue Mar 26, 2019 9:19 am
Forum: Personal Investments
Topic: Retired- Target Retirement Funds Pros and Cons
Replies: 11
Views: 1028

Retired- Target Retirement Funds Pros and Cons

Retired 3 years Age 60 Working on consolidating investments. I'm interested in Target Retirement Funds At first glance I like them because they are simple. They do the asset allocation and rebalancing (where appropriate) However the fees seem to be higher. Can some folks provide the pro's and cons o...
by mrgeeze
Sun Dec 23, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: End of Year IRA Withdrawal
Replies: 11
Views: 583

End of Year IRA Withdrawal

I have an IRA account (at Fidelity) I have never made a withdraw on the account. I need to do so BEFORE 12/31/2018 in order to claim it as income in 2018. This is very important for a number of reasons. How do I do it? Do I set up a regular investment account at Fidelity and transfer money? or Do I ...
by mrgeeze
Wed Dec 19, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: How do I draw on my IRA or 401k?
Replies: 3
Views: 377

How do I draw on my IRA or 401k?

I have a number of retirement accounts. Some at Vanguard, Some at fidelity. I also have non-retirement accounts at both places How do I actually access the funds so I can buy myself something nice? After all, I'm worth it. Do I simply transfer from a retirement account to a non-retirement account. I...
by mrgeeze
Fri Dec 14, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 91
Views: 8315

Re: Is a New Car Okay if Driven 15+ Years?

I buy new and run into the ground whenever I can. My 2003 Honda Element has 272,000. I'm racing the rust to try to get to 300k. The beach is a tough place for a car to live. Anyway, re-think the 4wd. Normally it takes a few mpg off fuel efficiency. Over 300k thats some dough. Not much but enough for...
by mrgeeze
Fri Dec 14, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: Receiver for klipsch bookcase speakers
Replies: 50
Views: 2887

Re: Receiver for klipsch bookcase speakers

You don't need much. The solid state amps built today are the way to go. Suggest you get bluetooth and perhaps a usb port on it It just makes it easier with a phone or tablet. I've used a couple of the Pyle Amps for similar purpose on high quality speakers (ADS/JBL/Polk) I've been pretty happy and t...
by mrgeeze
Sun Dec 09, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated / manufactured homes a bad investment?
Replies: 101
Views: 9744

Re: are pre-fabricated homes a bad investment?

OP, it is more about the location of the land than the condition of the buildings. The land is forever, buildings are not. My 112 year old house needs work. My 4 billion year old land is doing just fine. You clearly don't live at the beach. This "land" you speak of is far from forever. The shifting...
by mrgeeze
Sun Dec 09, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated / manufactured homes a bad investment?
Replies: 101
Views: 9744

Re: are pre-fabricated homes a bad investment?

any investment can be good, bad, or in between. If you pay a lot less for a pre-fab home than you sell it for, possibly it will be a good investment. but the crux of the biscuit is indeed, the apostrophe. how do you do that? Here's some stuff you may use Historically manufactured homes were often in...
by mrgeeze
Fri Dec 07, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: IRA deduction - Tax planning
Replies: 4
Views: 388

Re: IRA deduction - Tax planning

Contribute.

I would like to use the IRA contribution to reduce my MAGI for 2018.

Just not sure what the max is if I have no w-2 income and only a small amount of business net income.
by mrgeeze
Fri Dec 07, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: IRA deduction - Tax planning
Replies: 4
Views: 388

IRA deduction - Tax planning

Doing some eoy tax planning for 2018 married, both of us are 60 Retired Life primarily on investments income About 7k net from a small business my wife owns. We could use any and all need deductions to stave off the ACA Cliff. Plan on funding HSA to about $6400. Wondering how much can I take for IRA...
by mrgeeze
Tue Dec 04, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Best new Mac/features for 2000-3000
Replies: 60
Views: 4662

Re: Best new Mac/features for 2000-3000

I would stick with Dell. Macs are overrated (pretty but limited software) and overpriced. You can get much better specs with a Dell XPS desktop custom built for half the price. You can get a much better monitor and speakers as well. Overrated... I love that word. Overpriced... Even more. Purchasers...