Search found 243 matches

by GuyInFL
Tue Nov 12, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4174

Re: Will I be audited?

We got audited for the first time ever, because we put 5 yrs of charitable contributions into a donor advised fund in 2017. We're not rich (but nobody ever thinks they are, do they?) and the IRS guy said is was solely because of the large charitable contribution. Anticipating the audit was a bit st...
by GuyInFL
Thu Nov 07, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Does umbrella insurance premium change over time?
Replies: 13
Views: 874

Re: Does umbrella insurance premium change over time?

Barefoot wrote:
Wed Nov 06, 2019 6:03 pm
Mine went way down when my kids went out on their own and off my car insurance.
+1
by GuyInFL
Thu Nov 07, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Did my SIM card / cell phone get hacked?
Replies: 9
Views: 1030

Re: Did my SIM card / cell phone get hacked?

Call your cell service and watch your bank accounts
by GuyInFL
Sun Nov 03, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Best card to complement 2% cash back?
Replies: 27
Views: 3622

Re: Best card to complement 2% cash back?

UpperNwGuy wrote:
Sun Nov 03, 2019 10:48 pm
I use the Chase Sapphire Reserve for dining and travel and a 2% cash back card for everything else.
Me too!
by GuyInFL
Sat Nov 02, 2019 10:45 pm
Forum: Personal Consumer Issues
Topic: Cruises, where to book?
Replies: 17
Views: 1673

Re: Cruises, where to book?

I've been happy with www.crucon.com
Their prices were better than CostCo for my last cruise. They typically have 'bonus' credit of $100 around black friday.
by GuyInFL
Sat Nov 02, 2019 1:54 am
Forum: Personal Finance (Not Investing)
Topic: Interest from loans
Replies: 19
Views: 1126

Re: Interest from loans

Thanks
by GuyInFL
Sat Nov 02, 2019 1:32 am
Forum: Personal Investments
Topic: Maxing out 401k with percentage of income
Replies: 14
Views: 1120

Re: Maxing out 401k with percentage of income

regularguy455 wrote:
Fri Nov 01, 2019 7:30 am
From personal experience, I have seen two instances where they cut off contributions once you hit the limit. I want to believe this is a standard practice at most large firms.
My megacorp does this.
by GuyInFL
Sat Nov 02, 2019 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Interest from loans
Replies: 19
Views: 1126

Re: Interest from loans

I wouldn't think you'll get flagged, but you might. If so, I'm not sure you've done anything wrong. Be sure you're paying your taxes on the interest (which you seem to be doing), that you're compliant with any usury laws in your state. Here's a link that shows usury laws by state: https://www.cuna....
by GuyInFL
Wed Oct 30, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 112
Views: 8605

Re: HRBLOCK Pre-Order 2019 Software Offer

patrickscott wrote:
Wed Oct 30, 2019 5:45 pm
I just received an HRBlock pre-order 2019 offer. H&R Block 2019 Deluxe Federal for $19.95 Download

Did anybody else receive it?
Nope, but your link worked. That price is good enough for me!
by GuyInFL
Sun Oct 27, 2019 1:43 pm
Forum: Personal Investments
Topic: 401k-Roth conversions and taxes (check my math)
Replies: 8
Views: 302

Re: 401k-Roth conversions and taxes (check my math)

Looks about right to me. Those are the 2018 brackets and 2019 are a bit higher. Of course you can spend some of the conversions if your expenses exceed 54,982.
by GuyInFL
Sat Oct 26, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: TODD question
Replies: 6
Views: 862

Re: TODD question

RickBoglehead wrote:
Sat Oct 26, 2019 8:36 pm

Then if one doesn't want to sell, it gets ugly.
Use a trust with one successor trustee and three beneficiaries?
by GuyInFL
Fri Oct 25, 2019 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Discounts for 2019 version
Replies: 27
Views: 1904

Re: TaxAct Discounts for 2019 version

When does FreeTaxUSA release a 2019 version? I like the preliminary versions for tax planning.
by GuyInFL
Tue Oct 22, 2019 7:06 pm
Forum: Personal Investments
Topic: Big changes coming...how to efficiently shoot for "early retirement"?
Replies: 18
Views: 2907

Re: Big changes coming...how to efficiently shoot for "early retirement"?

Paying down the mortgage aggressively? Vanguard investments in taxable? A combination of the two? Congrats and thanks for your service! You didn't mention expenses, so defintely track that. You'll want a solid understanding by the time you hit 55. At 55, you will be able to withdraw from 401ks with...
by GuyInFL
Mon Oct 21, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Executor for parent in Florida seeking guidance
Replies: 46
Views: 3203

Re: Executor for parent in Florida seeking guidance

Great thread. Been reading the Nolo book on Estate Planning and they recommend placing the house in a Living Trust to avoid probate and expedite transfer of title.

Thoughts on that? How difficult is it to sell a house in probate?
by GuyInFL
Mon Oct 21, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Executor for parent in Florida seeking guidance
Replies: 46
Views: 3203

Re: Executor for parent in Florida seeking guidance

TOD amounts pass outside of probate and don’t count toward value of estate
by GuyInFL
Thu Oct 17, 2019 10:12 pm
Forum: Personal Investments
Topic: Getting up in age, too stock heavy
Replies: 33
Views: 4288

Re: Getting up in age, too stock heavy

Definitely look at her tax returns. She could be in a 0% bracket for capital gains.
by GuyInFL
Wed Oct 16, 2019 6:41 am
Forum: Personal Investments
Topic: A friend was offered an annuity by Chase
Replies: 31
Views: 2464

Re: A friend was offered an annuity by Chase

If he's not interested in research but is interested in options, I'd just enter his info at www.immediateannuities.com and print it out. This will provide an apples-to-apples comparison. Assuming the Chase option is an SPIA.

Too much info will likely cause analysis paralysis.
by GuyInFL
Mon Oct 14, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: X Country Driving Trip across the US, solo
Replies: 25
Views: 2093

Re: X Country Driving Trip across the US, solo

Did a week cross country trip from NYC to Niagara Falls. Used Hotwire.com to pick a hotel each day for that night and it worked out great.
by GuyInFL
Sun Oct 06, 2019 6:20 pm
Forum: Personal Investments
Topic: Employer switching to higher fee 401k admin. What would you do?
Replies: 46
Views: 3398

Re: Employer switching to higher fee 401k admin. What would you do?

I have Voya for my 401K and have very reasonable fees at megacorp.
by GuyInFL
Sun Oct 06, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 82
Views: 8193

Re: Psychologically adverse to start drawing down in retirement

I wonder whether a system that would slowly siphon off one's desired withdrawals every trading day, like an expense ratio, would make those in the withdrawal phase feel better about it rather than seeing their account drop in one fail swoop every month, quarter, year, etc. The amount could be depos...
by GuyInFL
Thu Oct 03, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: E-Trade joins the party $0 commission
Replies: 37
Views: 3472

Re: E-Trade joins the party $0 commission

genjix wrote:
Wed Oct 02, 2019 5:15 pm
Hector wrote:
Wed Oct 02, 2019 4:39 pm
We are going to see a lot more people going with ETFs over mutual funds.
ETFs would still have ER fees though right?
My vanguard ETFs have very low fees.
by GuyInFL
Wed Oct 02, 2019 10:24 pm
Forum: Personal Consumer Issues
Topic: Solar Installation - 0.75 Year Later
Replies: 72
Views: 9750

Re: Solar Installation - 0.75 Year Later

My electric utility is starting a program where you can purchase up to 36 panels that they will install on a carport around town and maintain for 25 years. I’ve never been interested in having panels on my roof, but was a bit intrigued by this program since they also maintain the panels. That said,...
by GuyInFL
Tue Oct 01, 2019 9:23 pm
Forum: Personal Investments
Topic: Considering switch from Vanguard to eTrade...pros, cons and other input?
Replies: 57
Views: 4556

Re: Considering switch from Vanguard to eTrade...pros, cons and other input?

Have you used the desktop platform, Power E*Trade, on your E*Trade account? I wonder how well that works compared to your experience with the web platform.... I've used E*Trade for 25 years and have been satisfied. It works well with Quicken. I downloaded Power Etrade once but don't trade enough to...
by GuyInFL
Tue Oct 01, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tax: Roth conv implications of NQ wdrawal from 529
Replies: 7
Views: 275

Re: Tax: Roth conv implications of NQ wdrawal from 529

Only the earnings are taxed and subject to 10% penalty.
You can have the funds distributed to you or your sons, so consider the tax brackets.
Scholarships can offset distributions to reduce penalties/taxes.
by GuyInFL
Sun Sep 29, 2019 10:38 pm
Forum: Personal Consumer Issues
Topic: Midtown NYC Hotel w/ Kids?
Replies: 17
Views: 1877

Re: Midtown NYC Hotel w/ Kids?

Stewarthotelnyc.com
Very nice and near Penn Station / Madison Square Garden. Under $200 per night for 2 adults + 2 kids in March 2020.
by GuyInFL
Thu Sep 26, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20160

Re: financially clueless senior MIL who thinks she’s rich

One thing to consider is if a Single Premium Immediate Annuity would make sense for her. I just took a quick look at immediate annuntie.com and it looks like $250K would buy an annuity that would pay her about $30K a year. It would not be adjusted for inflation but she would also have another $140K...
by GuyInFL
Thu Sep 26, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20160

Re: financially clueless senior MIL who thinks she’s rich

One thing to consider is if a Single Premium Immediate Annuity would make sense for her. I just took a quick look at immediate annuntie.com and it looks like $250K would buy an annuity that would pay her about $30K a year. It would not be adjusted for inflation but she would also have another $140K...
by GuyInFL
Tue Sep 24, 2019 8:56 pm
Forum: Personal Consumer Issues
Topic: Quicken Subscription Renewal
Replies: 31
Views: 2090

Re: Quicken Subscription Renewal

Sam's club is $40
by GuyInFL
Sun Sep 22, 2019 3:40 pm
Forum: Personal Investments
Topic: My plan to sell taxable investments and increase 401(k)
Replies: 17
Views: 999

Re: My plan to sell taxable investments and increase 401(k)

With an income of 90K, they are nearing the top of the 12% tax bracket. I doubt they will be in a lower bracket in retirement. I'd do all roth now. If your income pushes you over the limit of the 12% bracket, the use enough pretax 401k to keep you under the limit. +1 With a 12% marginal tax bbracke...
by GuyInFL
Sun Sep 22, 2019 3:24 pm
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10580

Re: I am being asked to retire. Am I ready?

GuyNearRetirement wrote:
Sun Sep 22, 2019 1:06 pm
I guess that's a good lesson learned. Over-prepare for retirement because you may not be the one that decides when it starts.
Excellent takeaway for the rest of us.

I think you are ready. Two items for consideration.
Consider delaying SS till 70.
Consider employer pension to the lump sum.
by GuyInFL
Thu Sep 19, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Median employee compensation challenge
Replies: 13
Views: 1813

Re: Median employee compensation challenge

HEDGEFUNDIE wrote:
Thu Sep 19, 2019 12:26 pm
Only the official numbers from the DEF 14A filings (https://www.sec.gov/edgar/searchedgar/c ... earch.html) will count.
I found it easier to search at
https://aflcio.org/paywatch/company-pay-ratios

I looked up Workday and it reported the same median salary you found at Edgar.
by GuyInFL
Thu Sep 19, 2019 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Never assume the banks calculate balances correctly
Replies: 12
Views: 1753

Re: Never assume the banks calculate balances correctly

I had a bank apply my additional principal payments toward future mortgage payments. When I asked about it they said I could skip a payment. I said no and they retroactively changed the payments to principal correctly.
by GuyInFL
Wed Sep 18, 2019 10:30 pm
Forum: Personal Investments
Topic: Retirement Planning
Replies: 8
Views: 1299

Re: Retirement Planning

You also have other options for being self employed. https://www.nerdwallet.com/blog/investing/retirement-plans-self-employed/ Believe me it was a hard decision to end up I king the Roth. I liked the idea of being able to take out what I put in if need be and only the gains would be taxed. As I don...
by GuyInFL
Wed Sep 18, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8730

Re: Long Term FAFSA/College Strategy

Before college, I kind of regretted the Coverdells. I thought a 529 would be better. I don’t think so anymore. People are always trying to SELL 529 plans, it’s a bad sign. If people are making money on 529s, it’s costing you. More on this later…. There are quite a few varieties of 529 plans. Some a...
by GuyInFL
Mon Sep 16, 2019 7:29 pm
Forum: Personal Investments
Topic: Emp Stock Purchase vs 401k increase
Replies: 33
Views: 2233

Re: Emp Stock Purchase vs 401k increase

I emailed my tax accountant to ask the question "If I sell immediately, what is the tax penalty?" but haven't heard back yet. I didn't realize it could be so little. Any suggestions on how to calculate myself instead of waiting? Check out https://sites.google.com/site/excel1040/ to estimate the tax...
by GuyInFL
Fri Sep 13, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: About to close on home and discovered Lien on home??
Replies: 25
Views: 3454

Re: About to close on home and discovered Lien on home??

I once moved in to a house and rented for 10 days prior to closing. Obviously a risk, but it worked out fine. How long will the asbestos work take? If they can complete it before closing, perhaps the sellers would agree to that. Is there risk in this? Yes. Is the risk acceptable? Largely depends on ...
by GuyInFL
Fri Sep 13, 2019 9:19 pm
Forum: Personal Consumer Issues
Topic: Visible Wireless (Verizon Subsidiary)
Replies: 12
Views: 1051

Re: Visible Wireless (Verizon Subsidiary)

Consumerist Clark Howard recommends it.
by GuyInFL
Fri Sep 13, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Prulife life insurance
Replies: 41
Views: 2181

Re: Prulife life insurance

Just as a comparison, I checked out Zander Insurance (www.zanderins.com) to see what a 100K level term policy for a 61 year-old female in excellent health would be. The longest level term policy was for 25 years and was $952 per year. That means less than $952 per month for 25 years. No change in po...
by GuyInFL
Sun Sep 08, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: I'm gonna need a bigger TV...
Replies: 36
Views: 4496

Re: I'm gonna need a bigger TV...

mhalley wrote:
Sun Sep 08, 2019 3:14 pm
Supposedly the ideal viewing distance for a 75” 4K tv is 6.5 to 9.5 ft . 60” it’s 5 to 7.5 ft.
https://www.avu.ca/video/perfecting-pro ... -distance/
My 75" 4K looks good at about 10 feet. Signal quality varies on different channels.
by GuyInFL
Sun Sep 08, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: 3.875% fixed rate, 30-year mortgage: are you paying it off early?
Replies: 93
Views: 4010

Re: 3.875% fixed rate, 30-year mortgage: are you paying it off early?

... conceivable that safe cash equivalents will be paying more than your interest rate during your payoff period, making your mortgage a great inflation hedge. I maxed the 401K and 2 Roth IRAs and then paid additional principal toward the mortgage. My rate was higher 5%ish. Why? I liked the balance...
by GuyInFL
Sun Aug 25, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: [Please Review] Retirement Expenses in California and safe withdrawl rate of 3.5%
Replies: 25
Views: 2103

Re: [Please Review] Retirement Expenses in California and safe withdrawl rate of 3.5%

PD71 wrote:
Sun Aug 25, 2019 7:49 pm
Federal and State taxes - I should figure out a way to add these in for my model. Though I plan to use my post tax money first.
I'd atleast plan to max the 12% bracket.
7 years seems short for a water heater.
by GuyInFL
Sat Aug 24, 2019 12:11 am
Forum: Personal Consumer Issues
Topic: Best time to purchase airline tickets to London
Replies: 26
Views: 1719

Re: Best time to purchase airline tickets to London

Another way to do open jaw is to purchase two one-way tickets. Check the discounters, like Norwegian, as well on google flights. You never know when the deals will show up but be ready to purchase quickly. I recently purchase round trip tickets from Orlando to London on Delta for $350 almost a year ...
by GuyInFL
Thu Aug 22, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: advice for new grad daughter getting first apartment
Replies: 33
Views: 2322

Re: advice for new grad daughter getting first apartment

Might want to rent an airBNB for a month. Gives her time to look at the areas and drive times. Worked well for my kids.
by GuyInFL
Wed Aug 14, 2019 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to make sense out of this refinance
Replies: 10
Views: 1178

Re: Trying to make sense out of this refinance

PenFed 15 yr is 3.125% so keep shopping. You should receive a good faith cost estimate that allows you to compare fees Apple to Apple.
by GuyInFL
Sat Aug 10, 2019 10:30 pm
Forum: Personal Consumer Issues
Topic: Santa Fe lane centering vs. Ford Co-Pilot
Replies: 25
Views: 1631

Re: Santa Fe lane centering vs. Ford Co-Pilot

Take a look at the 2020 Palisade if you want to see where Hyundai is going with their "smartsense"
https://www.extremetech.com/extreme/293 ... dsize-suvs
by GuyInFL
Tue Jul 30, 2019 10:57 pm
Forum: Personal Consumer Issues
Topic: is there best time to book for a hotel to achieve lowest rate
Replies: 6
Views: 722

Re: is there best time to book for a hotel to achieve lowest rate

1. Book in advance that you can cancel without paying. The vast majority of bookings will let you do this. 2. Watch prices. If they drop, cancel your previous booking and make a new one. And if you aren't too picky, check hotwire.com before your cancelation rights expire, and select a 4* hotel. I'v...
by GuyInFL
Sun Jul 28, 2019 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do I include taxes when calculating a retirement number?
Replies: 63
Views: 5398

Re: Do I include taxes when calculating a retirement number?

Definitely agree that you should make your retirement number estimates based on you your expenses, not general estimates. Fidelity does provide insight into the 12x salary generalizations (and other multipliers) at https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire 12x is co...
by GuyInFL
Sat Jul 27, 2019 1:19 am
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 10304

Re: DAF for church offering?

Why not just do a single donation a year and let the church manage the monthly budgeting out of the cash flow? Way less admin for you. Agree with this. Once a year should be easier for everyone, unless the church is really struggling with cash flow. I do this quarterly with a Schwab DAF and it work...
by GuyInFL
Fri Jul 19, 2019 8:55 pm
Forum: Personal Consumer Issues
Topic: How much data do you have? [data backup issues]
Replies: 20
Views: 1385

Re: How much data do you have? [data backup issues]

3G NAS in a raid configuration. Keep 'critical' data like photos and finacial records on bluray stored off-site.