Search found 19 matches

by NicB
Thu May 17, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: Hot food flavoring (sauces, spices and peppers)
Replies: 51
Views: 3667

Re: Hot food flavoring (sauces, spices and peppers)

+1 to Pajamas’ comments. My go-to hot sauces (in order of increasing heat) are Cholula, El Yucatco Black Label, and a couple of scotch bonnet-based ones. You might also find that your preference varies a lot based on how you’re using them or what you’re eating — like I’ll use one on eggs vs. what I’...
by NicB
Wed Dec 27, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Moonlighting Income - Convert from Sole Prop. to S-Corp or LLC for 2018?
Replies: 6
Views: 664

Re: Moonlighting Income - Convert from Sole Prop. to S-Corp or LLC for 2018?

Thanks all that have responded so far. I suspected that might be the case. But here's the thing I don't understand -- and I'm probably just missing something big but unknown/misunderstood by me: Looking ahead, I'd assume that I'd be in the 24% fed tax rate for 2018. Why wouldn't I want my moonlighti...
by NicB
Wed Dec 27, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Moonlighting Income - Convert from Sole Prop. to S-Corp or LLC for 2018?
Replies: 6
Views: 664

Moonlighting Income - Convert from Sole Prop. to S-Corp or LLC for 2018?

For a few years I've done some moonlighting (IT) in addition to full-time W2 employment. All of the moonlighting work has been as a sole proprietor. With the 2018 tax changes, I'm considering incorporating as either an S-Corp or LLC. Here are my details: Total taxable W2 income - between $150K-$180K...
by NicB
Fri Oct 27, 2017 5:49 am
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 6877

Re: Index investing is boring

That said, I do toy a very limited amount with choosing a few stocks of my own. It's play money, as people say, as in if I were to lose all of it, it would not have a serious effect on my financial goals. Also, I do find the aspect of index investing where I log in to my account from time to time a...
by NicB
Wed Sep 06, 2017 12:22 pm
Forum: Personal Consumer Issues
Topic: Locking hub nuts on a vehicle - worth having?
Replies: 24
Views: 1650

Re: Locking hub nuts on a vehicle - worth having?

We had them on one new car, and ultimately got rid of them. The key got lost/misplaced (possibly by a tech), and we wound up just switching back to standard lug nuts. AAA and most shops *should* have the keys, but fortunately we didn't have to test that theory the hard way. :) Vehicle was mainly in ...
by NicB
Wed Sep 06, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: 401K - Same Fund, Same Broker, Different Employer -> Different ER?
Replies: 6
Views: 575

401K - Same Fund, Same Broker, Different Employer -> Different ER?

Hi all- My wife recently changed employers and noticed something odd with her new 401K choices. The plan is administered by a large/legit brokerage, and one that we've both happily worked with before. However, when reviewing the index fund choices in the new plan, she saw that the ERs are high: more...
by NicB
Tue Aug 22, 2017 7:57 am
Forum: Personal Consumer Issues
Topic: Can you recommend a good mouse trap?
Replies: 49
Views: 3607

Re: Can you recommend a good mouse trap?

Following the general consensus of snap traps and peanut butter, I've used these: https://www.amazon.com/PMT2-Plastic-Mou ... B005V6BQMY
by NicB
Tue Aug 15, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Career Decision - HCOL area vs. LCOL area
Replies: 13
Views: 1980

Re: Career Decision - HCOL area vs. LCOL area

We moved from a HCOL -> M/LCOL living about 14 years ago (housing was much cheaper, everything else was about the same). Overall it was a great move personally and financially. The job that originally brought me to the new area paid well, significantly over the local market average. In additional to...
by NicB
Wed May 31, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer without an in person interview
Replies: 41
Views: 7477

Re: Job offer without an in person interview

I'd go with your gut, and it sounds like some kind of face-to-face meeting before accepting would be a good idea. You mention relocation. Are you moving to the area where you'd be interviewing? For one job, after a few rounds of phone interviews, the hiring manager was ready to make me an offer. How...
by NicB
Tue May 09, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America Preferred Rewards vs. Wealth Management
Replies: 26
Views: 15422

Re: Bank of America Preferred Rewards vs. Wealth Management

I was automatically converted to Wealth Management after my ME balance crossed the $250K mark. At various times (I honestly don't know if it coincided with the conversion), I've had $6.95 trading fees show up when placing a trade on ME. These would always show up in the fees/details during the proce...
by NicB
Thu Apr 13, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Any downside to a HELOC???
Replies: 7
Views: 1371

Re: Any downside to a HELOC???

I don't think this will apply in Texas, but some states (including mine) charge a mortgage recording tax on the total amount of the HELOC, even before you use any of the money.
by NicB
Wed Apr 12, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Question (buying a new home before selling current one)
Replies: 21
Views: 2673

Re: Mortgage Question (buying a new home before selling current one)

After looking into this further and talking to a couple of lenders, it seems like bottom line for the options aren't that much different -- at least in New York. With a HELOC, I'd still be paying a 1% New York Mortgage Tax (recording fee) on the total value of the loan, and by paying it off quickly ...
by NicB
Tue Apr 11, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Question (buying a new home before selling current one)
Replies: 21
Views: 2673

Re: Mortgage Question (buying a new home before selling current one)

Thanks all for all the great suggestions. If I wind up moving forward, I think I'll look at the numbers for a SBLOC or HELOC. My 401K loan had a maximum of 50K, and I'd be looking for more than that vs. the equity in my current house.
by NicB
Tue Apr 11, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Question (buying a new home before selling current one)
Replies: 21
Views: 2673

Re: Mortgage Question (buying a new home before selling current one)

What is unclear to me from your post is whether you ultimately want a 400k loan (20% down), or whether you want a 100k loan (20% down, and then 300k from the sale of your current home). Ultimately I'm looking to do around a ~100K loan (or less) when everything settles. I'd be able to cover mortgage...
by NicB
Mon Apr 10, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Question (buying a new home before selling current one)
Replies: 21
Views: 2673

Mortgage Question (buying a new home before selling current one)

I'm considering buying a new primary home, before selling my current one, and had some questions about my best option for a mortgage. Current home is ~$300K, no mortgage. New home would be ~$500K. I have enough for a 20% down payment. I plan to buy the new house before selling my current house, alth...
by NicB
Thu Mar 24, 2016 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: How much does a CFP earn from IRA/Mutual Fund Fees?
Replies: 13
Views: 1417

Re: How much does a CFP earn from IRA/Mutual Fund Fees?

pkcrafter wrote: Ok, then they are not C shares, but are they A shares or B shares?
Yep. All A shares.
by NicB
Thu Mar 24, 2016 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: How much does a CFP earn from IRA/Mutual Fund Fees?
Replies: 13
Views: 1417

Re: How much does a CFP earn from IRA/Mutual Fund Fees?

@pkcrafter - agreed re: her bottom line, which is why we're looking to resolve it. Thanks for the info all. She has a mix of several American Funds mutual funds; it looks like they all have .24% 12(b)-1 fees. Her uncle is the independent broker for the funds. Like I kind of suspected from the get-go...
by NicB
Thu Mar 24, 2016 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: How much does a CFP earn from IRA/Mutual Fund Fees?
Replies: 13
Views: 1417

How much does a CFP earn from IRA/Mutual Fund Fees?

My wife has a ~$50K portfolio from a 401K rollover in an IRA her uncle set up for her several years ago. Her uncle is a certified financial planner, great guy, does a lot for the family, etc. The money is invested in American Funds (who her uncle deals with), and I'm not really thrilled with the fun...
by NicB
Fri Nov 20, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Question re: receiving a very 1099-MISC
Replies: 13
Views: 1665

Question re: receiving a very 1099-MISC

I earn both 1099-MISC and W-2 income. I just received a 2014 1099-MISC (in November 2015) from a client. I reported the income on my 2014 tax return, even though I didn't receive a 1099-MISC from that client. Do I need to do anything proactively (update, amend, document, etc.) other than keep my rec...