Search found 171 matches

by ENT Doc
Sun Apr 26, 2020 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2537

Re: File tax return electronically

I use T-Tax Deluxe so I e-file federal, but refuse to pay their exorbitant fees for state filing so I just use snail mail. I could care less how long the return sits in a mail bag unopened (as I usually don't have much of a refund coming, so I roll it over until next year). I refuse to pay to file ...
by ENT Doc
Sun Apr 26, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2537

Re: File tax return electronically

Extremely frustrating. What is perhaps more frustrating is that if you don’t qualify for free e-file you will likely have to pay to file your taxes electronically. As to the fraud aspect of it, you can mail your forms in early just as you can e-file. If a fraudster paper files for you and you later ...
by ENT Doc
Thu Apr 23, 2020 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9964

Re: physician/APC pay cuts

It is funny to me that in this whole discussion regarding healthcare pay dynamics, there is not one mention of insurance providers. In normal times, they are the driving force of fee schedule/reimbursement, yet at times when the system is clearly strained (one could argue from years of their reduct...
by ENT Doc
Thu Apr 23, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9964

Re: physician/APC pay cuts

It is funny to me that in this whole discussion regarding healthcare pay dynamics, there is not one mention of insurance providers. In normal times, they are the driving force of fee schedule/reimbursement, yet at times when the system is clearly strained (one could argue from years of their reduct...
by ENT Doc
Thu Apr 23, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Pending military PCS, sell townhouse or rent out from afar?
Replies: 26
Views: 877

Re: Pending military PCS, sell townhouse or rent out from afar?

Sell. If you want a little extra income, it would be better to pick up a simple second job, say... neurosurgery. Not sure I have the aptitude, time commitment, or capital to become a neurosurgeon. My thought process on keeping the house was to hold this asset in a high demand area for the long term...
by ENT Doc
Thu Apr 23, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Pending military PCS, sell townhouse or rent out from afar?
Replies: 26
Views: 877

Re: Pending military PCS, sell townhouse or rent out from afar?

After closing costs and realtor fees you’ll have about $24k in cash at time of sale. You have to account for the opportunity cost of that money, particularly at lower market valuations. You’ll get a 10 year military extension for the 2/5 year rule to offset gains if you sell later but you’ll still b...
by ENT Doc
Thu Apr 23, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 9964

Re: physician/APC pay cuts

Do NOT take a pay cut. You already have for the security of income during down times. Hospitals have and will continue to receive billions in stimulus money and have been overpaid for years. You have a contract. Bolster your negotiating position if needed via unionization, seeking alternative employ...
by ENT Doc
Thu Apr 23, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pending military PCS, sell townhouse or rent out from afar?
Replies: 26
Views: 877

Re: Pending military PCS, sell townhouse or rent out from afar?

Also, to counter the point about finding a property manager I toured several rental homes in the DC area. Property managers don’t care about the home as much as you do, and this has been apparent in every place I’ve lived in or toured for possible rent. They allow things to go into disarray on the m...
by ENT Doc
Thu Apr 23, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Pending military PCS, sell townhouse or rent out from afar?
Replies: 26
Views: 877

Re: Pending military PCS, sell townhouse or rent out from afar?

So many reasons this is a no. Remote landlording is painful. What you don’t factor into your monthly positive cash flow is the midnight phone call about the water leaking through the ceiling, heat going out, etc. Condo fees go one way, as do taxes. Then you have to deal with the tax filing every yea...
by ENT Doc
Mon Apr 13, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Military Move Deduction
Replies: 0
Views: 138

Military Move Deduction

Hey all. I have a question about Form 3903 (deduction of moving expenses as part of a military move). I needed to move my household goods over several trips in 2019 as part of a permanent change of station move. This was a costly move, having to transport my home items 6 times and racking up a lot o...
by ENT Doc
Sun Apr 12, 2020 8:40 am
Forum: Personal Investments
Topic: Sale of Home/Rental Property Question
Replies: 6
Views: 567

Re: Sale of Home/Rental Property Question

You sold for $310K and your adjusted basis is $223K (270 + 20 - 67), so total gain is $87K. The portion of the gain attributable to depreciation is not eligible for the principal residence exclusion, so $67K is taxable, at a maximum rate of 25%. The remaining $20K gain is eligible for the exclusion...
by ENT Doc
Sat Apr 11, 2020 3:52 pm
Forum: Personal Investments
Topic: Sale of Home/Rental Property Question
Replies: 6
Views: 567

Re: Sale of Home/Rental Property Question

You sold for $310K and your adjusted basis is $223K (270 + 20 - 67), so total gain is $87K. The portion of the gain attributable to depreciation is not eligible for the principal residence exclusion, so $67K is taxable, at a maximum rate of 25%. The remaining $20K gain is eligible for the exclusion...
by ENT Doc
Sat Apr 11, 2020 1:30 pm
Forum: Personal Investments
Topic: Sale of Home/Rental Property Question
Replies: 6
Views: 567

Re: Sale of Home/Rental Property Question

You sold for $310K and your adjusted basis is $223K (270 + 20 - 67), so total gain is $87K. The portion of the gain attributable to depreciation is not eligible for the principal residence exclusion, so $67K is taxable, at a maximum rate of 25%. The remaining $20K gain is eligible for the exclusion...
by ENT Doc
Sat Apr 11, 2020 10:22 am
Forum: Personal Investments
Topic: Sale of Home/Rental Property Question
Replies: 6
Views: 567

Sale of Home/Rental Property Question

Hello all. I'll preface this by saying that I know this situation is more complicated than I'm used to dealing with and that I already approached a recommended CPA to handle this part of my tax return. I received his work on this matter yesterday (from his assistant who I assumed did most of the wor...
by ENT Doc
Sun Sep 29, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: HSA when switching from high-deductible plan mid-year?
Replies: 4
Views: 299

Re: HSA when switching from high-deductible plan mid-year?

If you were eligible from January through November you can make the monthly contribution amount for those months. You would not be able to make the monthly contribution for December. If you established employment with a high deductible plan with eligibility as of December 1 you would also be eligibl...
by ENT Doc
Sun Sep 29, 2019 7:12 am
Forum: Investing - Theory, News & General
Topic: How much cash do you keep in your HSA?
Replies: 63
Views: 5263

Re: How much cash do you keep in your HSA?

Zero. Out of pocket coming from would be taxable. So invest everything in the HSA. Fidelity.
by ENT Doc
Sun Sep 29, 2019 7:06 am
Forum: Investing - Theory, News & General
Topic: Excel Monte Carlo : Bond Modeling Question
Replies: 10
Views: 1015

Re: Excel Monte Carlo : Bond Modeling Question

Your answer will depend on the marginal investment of your bond coupon payments. And you may be wise to use a model that simulates returns given a similar interest rate environment rather than a historical rate or bonds that likely doesn’t match with our current situation.
by ENT Doc
Mon Sep 02, 2019 8:06 am
Forum: Personal Consumer Issues
Topic: How to clean baked on "carbon" from corners of old cookie sheets
Replies: 27
Views: 2349

Re: How to clean baked on "carbon" from corners of old cookie sheets

Agree that this staining problem is not one in need of fixing. I’ve done the vinegar/baking soda bit, and it didn’t work. Then I realized it still worked just fine and stopped caring.
by ENT Doc
Mon Sep 02, 2019 8:02 am
Forum: Personal Consumer Issues
Topic: How to repair drywall damaged by water leak
Replies: 17
Views: 1433

Re: How to repair drywall damaged by water leak

Sandtrap gave a great step by step there. If this was a one time mild leak with some staining but the drywall is firm I could see not doing a full replacement. Painters can do that. But if it’s not firm then I’d suggest mitigating it like Sandtrap says. While I know the steps and have watched a ton ...
by ENT Doc
Sun Sep 01, 2019 6:02 pm
Forum: Personal Consumer Issues
Topic: Seeking WiFi solution
Replies: 35
Views: 2904

Re: Seeking WiFi solution

I don’t know what bridge mode is or how to do this. The setup instructions would show how to do this. Pick a router and download the instructions from the manufacturer's web site before you buy it and see if you can follow their instructions. Essentially bridge mode turns the router into a wireless...
by ENT Doc
Sun Sep 01, 2019 5:16 pm
Forum: Personal Consumer Issues
Topic: Seeking WiFi solution
Replies: 35
Views: 2904

Re: Seeking WiFi solution

To be clear, I don’t rent the modem/router from the ISP. So buying two units for a mesh network is going to be more expensive. I’d like to just connect one but have it work seamlessly for devices. I don’t know what bridge mode is or how to do this. Also not sure what Ethernet backhaul is. Not the mo...
by ENT Doc
Sun Sep 01, 2019 4:39 pm
Forum: Personal Consumer Issues
Topic: Seeking WiFi solution
Replies: 35
Views: 2904

Re: Seeking WiFi solution

It is not FIOS. The ISP sells something like this but it’s a $10+/mo rental.
by ENT Doc
Sun Sep 01, 2019 4:29 pm
Forum: Personal Consumer Issues
Topic: Seeking WiFi solution
Replies: 35
Views: 2904

Seeking WiFi solution

We have a centrally placed WiFi/router that we got from our ISP, no additional monthly charge, and covers all but the basement where coverage is mostly lost. I have an Ethernet cord that runs from the modem/router down to the basement in the exact location where I want a strong signal. I don’t want ...
by ENT Doc
Sat Aug 24, 2019 6:32 am
Forum: Personal Finance (Not Investing)
Topic: HSA and Health Insurance with VA Coverage
Replies: 6
Views: 494

Re: HSA and Health Insurance with VA Coverage

Thank you everyone. Very helpful.
by ENT Doc
Wed Aug 21, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: HSA and Health Insurance with VA Coverage
Replies: 6
Views: 494

HSA and Health Insurance with VA Coverage

I just found out that I might be eligible for care at the VA. I have to apply for benefits to find out. My company offers health insurance, and I am on a HDHP with an HSA. Premiums are treated as an expense to the employee since we are also the employers/owners, so the lower the premium the better, ...
by ENT Doc
Sat Aug 10, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 10840

Re: Received a $17,000 medical bill! Can we negotiate?

As has been mentioned, the ACA and NJ law seem to be in your favor here. Pay nothing without an EOB, and frankly, at that amount, a consult with an attorney who does this stuff. While you are doing that, name the doctor and/or call your local TV station’s consumer issues reporter. The “professional...
by ENT Doc
Sat Aug 10, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 10840

Re: Received a $17,000 medical bill! Can we negotiate?

Legislation is going through Congress to address this issue. Hopefully a reasonable compromise can be found and it passes. This isn’t as simple as “make a hospital employ all its doctors”. Some don’t find it advantageous to have an employed service line. Some specialties are notoriously not employed...
by ENT Doc
Sat Aug 10, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: NP degree worth the investment?
Replies: 62
Views: 5945

Re: NP degree worth the investment?

I would echo what southerndoc said. She needs to be cautious about were she is going to school for her degree. What is the pipeline to post-graduate employment? Are the clinical rotations locked down, and where are they? School reputation? The market is awash with new NP grads, many of whom having g...
by ENT Doc
Fri Aug 09, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Paperwork to keep after selling your home
Replies: 8
Views: 534

Re: Paperwork to keep after selling your home

I’d suggest keeping anything related to the tax effects of selling your home and all your closing documents. Look over the IRS Pub on selling your home. Helpful hints for improvements vs expenses, capital gains exemption, cost basis adjustments, etc.
by ENT Doc
Mon Aug 05, 2019 3:59 am
Forum: Personal Finance (Not Investing)
Topic: Medicare vs Eye Docs
Replies: 34
Views: 3406

Re: Medicare vs Eye Docs

First, you need to go to someone who will put their thinking cap on and determine why you have droopy eyelids. Excluding medical problems and it being strictly an anatomical issue, the specific anatomy responsible will need to be addressed. The brow needs to be analyzed as well as the lids. Medicare...
by ENT Doc
Sun Jul 21, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I deduct the loss from a rental property from gains from dividends from index funds?
Replies: 10
Views: 1038

Re: Can I deduct the loss from a rental property from gains from dividends from index funds?

Qualified dividends are treated as qualified dividends. Passive income flows to your 1040 and is included in your taxable income without a carve out for special treatment like qualified dividends get.
by ENT Doc
Sun Jul 21, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I deduct the loss from a rental property from gains from dividends from index funds?
Replies: 10
Views: 1038

Re: Can I deduct the loss from a rental property from gains from dividends from index funds?

At your income I would say likely no. Look at schedule E instructions. You’ll still record the passive activity losses on Form 8582, which will mount up year to year. At the disposition of the asset you are allowed to claim all current and past losses. But you’ll also have to add back depreciation a...
by ENT Doc
Fri May 31, 2019 7:34 am
Forum: Personal Consumer Issues
Topic: Home buying
Replies: 50
Views: 2789

Re: Home buying

Don’t get advice from the realtor. Do your own research. Perhaps consider getting recs from them but that’s about it. If the purchase price would strain your budget already I’d do an actual tally of the problem items (you list others I’d be concerned about too) and rank things from urgent/safety/imp...
by ENT Doc
Wed May 29, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 14769

Re: 2% withdrawal rate

Disagree. First, it depends on how you define success. Also depends on years lived, social security, pension benefit, asset allocation, sequence of returns risk, inheritance, flexibility with other income, account diversification, family support, variable vs fixed expenses, etc. 2% is very conservat...
by ENT Doc
Fri May 24, 2019 5:06 am
Forum: Personal Investments
Topic: I need HSA advice!
Replies: 14
Views: 1827

Re: I need HSA advice!

If you have an HSA that requires some type of cash balance then consider switching to Fidelity to avoid the opportunity cost of the cash just sitting there (and higher fees). The Bogleheads Wiki on HSAs does a good job of reviewing whether you should use those funds for medical expenses or just let ...
by ENT Doc
Wed May 08, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Title search and insurance
Replies: 14
Views: 1242

Re: Title search and insurance

Do a Google search of title companies in your area. Ask them for an cost estimate breakdown. Compare. You shouldn’t find a ton of price variation, as much of this is set by law. The $50-200 fees here or there are where you’ll find the biggest difference, if any. Standards in the area will determine ...
by ENT Doc
Sun May 05, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: How can I learn to use Excel for retirement planning?
Replies: 14
Views: 1698

Re: How can I learn to use Excel for retirement planning?

I second Excel is Fun. But there are PLENTY of free YouTube videos and online videos starting with the basics and building from there.

While Excel is useful and powerful the more important part of your modeling is making sure you are setting things up correctly. Excel won’t fix human error.
by ENT Doc
Mon Apr 22, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits Strategy
Replies: 35
Views: 4241

Re: Social Security Benefits Strategy

runner26 wrote:
Mon Apr 22, 2019 10:42 am
Jack FFR1846 wrote:
Mon Apr 22, 2019 10:02 am
Do any of these calculations take into account the expected drop of 25% in benefits expected in 2034?
CNBC just reported that the Gov has announced a change in it's estimate from 2034 to 2035 when the trust fund will be depleted.
Phew! :D
by ENT Doc
Mon Apr 22, 2019 4:47 am
Forum: Personal Finance (Not Investing)
Topic: Is a medical expense still HSA-eligible if incurred at a time when you're not covered by an HDHP?
Replies: 4
Views: 648

Re: Is a medical expense still HSA-eligible if incurred at a time when you're not covered by an HDHP?

Yes. States determine when the HSA is “established” such that the medical expenses being paid for with those funds are considered qualified medical expenses. But that generally means that you have opened and contributed to the HSA and that contributions were eligible. Seems to be the case in your ex...
by ENT Doc
Thu Apr 18, 2019 8:26 pm
Forum: Personal Consumer Issues
Topic: Cape Cod to Colonial
Replies: 6
Views: 972

Re: Cape Cod to Colonial

Thank you. I’ve read about the foundation issue. That seemed like the biggest variable in terms of viability or not, or maybe just outright cost. Not sure how the builder assesses this ahead of time but I appreciate the heads up, especially with the garage.
by ENT Doc
Thu Apr 18, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Cape Cod to Colonial
Replies: 6
Views: 972

Cape Cod to Colonial

Looking to “raise the roof” and also add on to a cape cod 2nd floor and make it a colonial style. We have not bought the home and are planning on looking at it with a builder to look at viability and costs. Time away from the home is a non-issue as we can live with family nearby. Trying to ultimatel...
by ENT Doc
Thu Feb 21, 2019 7:05 am
Forum: Personal Consumer Issues
Topic: Home Buying Timeline Questions
Replies: 4
Views: 591

Home Buying Timeline Questions

We are gearing up to buy a home, about 3 weeks out from potentially making a serious offer. We’ve checked our credit reports and have an idea of what our scores are from Credit Karma (820/790). We will have a down payment that will be around 20% (could be higher or lower depending on the home), and ...
by ENT Doc
Wed Feb 20, 2019 4:20 am
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 8096

Re: High earners: thoughts on college and aid

I have zero expectations of financial aid. I do not think it’s a good thing that we are subsidizing other people. We already paid more in taxes and then go through the first degree price discrimination gauntlet so we can pay more of that after-tax money for the same product. This is not only de-fact...
by ENT Doc
Sun Feb 10, 2019 7:43 pm
Forum: Personal Investments
Topic: 529 withdrawal what comes out first -what comes out first principle or gains
Replies: 11
Views: 821

Re: 529 withdrawal what comes out first -what comes out first principle or gains

Read your plan document re: withdrawals. As others have stated, the funds are distributed based on the % contributions/growth on the date the withdrawal request settles. You get a 1099-Q at end of year breaking this down.
by ENT Doc
Fri Feb 08, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 11693

Re: Money saving move you regret the most?

Or you could just not use Q-Tips, as they are unnecessary and on the average do more harm than good.

Single blade Bic razors for me. Was gifted a Gillette razor by my in-laws with replacement blades. Much better, and with stropping I haven’t needed replacement blades in over a year.
by ENT Doc
Fri Feb 01, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 27882

Re: Cost of college and 529

OP, Why do these matters? A) When your kid goes to college, you pay whatever amount that you can afford and make sense for you. Just make sure that your kids do not need to support you in retirement because you overpay for college. B) Planning for college payment 10 to 20 years ahead of time only m...
by ENT Doc
Fri Feb 01, 2019 4:17 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 27882

Re: Cost of college and 529

OP, Why do these matters? A) When your kid goes to college, you pay whatever amount that you can afford and make sense for you. Just make sure that your kids do not need to support you in retirement because you overpay for college. B) Planning for college payment 10 to 20 years ahead of time only m...
by ENT Doc
Thu Jan 31, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 27882

Re: Cost of college and 529

OP, Why do these matters? A) When your kid goes to college, you pay whatever amount that you can afford and make sense for you. Just make sure that your kids do not need to support you in retirement because you overpay for college. B) Planning for college payment 10 to 20 years ahead of time only m...
by ENT Doc
Thu Jan 31, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: Netflix Recommendations
Replies: 53
Views: 6418

Re: Netflix Recommendations

Black Mirror
-San Junipero was mind-blowing, USS Callister and Hang the DJ were pretty amazing too

Black Mirror Bandersnatch

Narcos

Many others already mentioned