Search found 35 matches

by ClassySDLivin
Sat Dec 19, 2020 8:37 pm
Forum: Investing - Theory, News & General
Topic: ACAT Transfer from Merrill Edge-Basis Not Sent
Replies: 12
Views: 840

Re: ACAT Transfer from Merrill Edge-Basis Not Sent

Thanks for the replies. I plan to contact Interactive Brokers to request they work with Merrill Edge, but based on my previous experience with this tactic failing (when I transferred shares to ETrade) I'm not hopeful. The recent transfer were all with covered shares.
by ClassySDLivin
Fri Dec 18, 2020 11:49 pm
Forum: Investing - Theory, News & General
Topic: ACAT Transfer from Merrill Edge-Basis Not Sent
Replies: 12
Views: 840

ACAT Transfer from Merrill Edge-Basis Not Sent

Fool me once, shame on you, fool me twice... I requested a transfer of two of my Vanguard ETF's from one broker (Merrill Edge) to another (Interactive Brokers) using an ACAT transfer. I initiated the transfer from the receiving brokerage. The funds arrived and the transfer completed within 3 days, h...
by ClassySDLivin
Thu Oct 22, 2020 10:50 pm
Forum: Personal Investments
Topic: Ally for trading?
Replies: 21
Views: 1945

Re: Ally for trading?

I have made some routine purchases at Ally. Went easy. Nothing exceptional to mention, either good or bad. Are transfers from the Ally brokerage to Ally bank account (or the opposite way) instantaneous? (Like when transferring between Ally checking/savings. It's a quick transfer (seconds to minutes...
by ClassySDLivin
Mon Apr 20, 2020 12:09 pm
Forum: Personal Consumer Issues
Topic: Coffee Experts - Help with an online coffee order
Replies: 44
Views: 3853

Re: Coffee Experts - Help with an online coffee order

+1 on the recommendation to get a decent grinder. It may seem unimportant, but properly ground bean dust matters. Their are hundreds of choices - a good entry level grinder can be had from the fine folks who produce Baratza products - https://baratza.com/. For a selection of beans, try Redbird coffe...
by ClassySDLivin
Tue Mar 10, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: Why I hate ETFs
Replies: 82
Views: 5941

Re: Why I hate ETFs

I read the title but conclude that your example transaction is a reason to hate mutual funds or TLH. Far be it from me to argue your opinion is wrong or unfounded, but consider that if you had TLH from an ETF to another ETF you would avoid the issue that you experienced (and is hard to avoid doing w...
by ClassySDLivin
Thu Nov 28, 2019 11:09 pm
Forum: Forum Issues and Administration
Topic: Giving thanks to our moderators
Replies: 92
Views: 7026

Re: Giving thanks to our moderators

Moderators, have a happy and safe Thanksgiving.
by ClassySDLivin
Tue Nov 19, 2019 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Are extra principal payments for commercial mortgage a business expense?
Replies: 4
Views: 585

Re: Are extra principal payments for commercial mortgage a business expense?

Payments toward the principal of a loan are not directly expenses, but if the mortgage is secured against a commercial property you should be deducting depreciation expense which is based on the basis of commercial property.
by ClassySDLivin
Sat Nov 16, 2019 5:19 pm
Forum: Personal Investments
Topic: Paid in VISA gift card - contribute to ROTH?
Replies: 9
Views: 797

Re: Paid in VISA gift card - contribute to ROTH?

Without digging into your son's activity it is not possible to determine if the income is "earned" and qualifies to be considered as such for IRA contribution purposes. Issuing a W9 does not indicate the income is earned (although it is likely taxable, even if an exemption to taxability ap...
by ClassySDLivin
Mon Nov 04, 2019 2:08 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 2055

Re: Paying a contractor in cash

Besides the financial issues already raised (potential loss of a wad of cash, structuring issue, etc.) you should also be leary of automatically pay based on the projected completing timeline. If you agree to pay on the 5th, 10th, etc. and the workers don't show up for 5 days (which happens all the ...
by ClassySDLivin
Sat Nov 02, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Salary paid directly to daf
Replies: 8
Views: 1122

Re: Salary paid directly to daf

I'm not sure what a "daf" is (maybe a donor advised fund?) or how your plan (to assign your income to someone or something else) would be analyzed under health care rules, whoever it sounds like it would violate the assignment of income doctrine (trying to lower your Adjusted Gross Income ...
by ClassySDLivin
Sun Sep 22, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes for selling gold coins
Replies: 54
Views: 3586

Re: Paying taxes for selling gold coins

I'll let others chime in to explain if their is any exception to the requirement to report your gain. Beware, you appear to be attempting to structure your transaction(s) to avoid U.S. Bank Secrecy Act reporting - the act of structuring is illegal.
by ClassySDLivin
Wed Aug 07, 2019 11:09 am
Forum: Personal Investments
Topic: Roth or TDF for my 17 year old son? Why?
Replies: 16
Views: 742

Re: Roth or TDF for my 17 year old son? Why?

Would just add that “earned income” must be reported on the W-2 (or possibly on a 1099 if he were an independent contractor). If he made some money cutting the neighbors’ grass, no that doesn’t count. [/quote] I respectfully disagree. I am not aware of any requirement that a W-2, Form 1099, etc. be ...
by ClassySDLivin
Tue Jul 30, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Storing documents--- trust, will, etc.
Replies: 22
Views: 2282

Re: Storing documents--- trust, will, etc.

A fireproof safe may be best, however most safes are not going to last for very long in a whole house fire. A "cheap" alternative to buying a low-to-mid range fire box that will not work when needed - put the documents in your freezer (in a zip lock bag). Heirs can quickly access and it wi...
by ClassySDLivin
Wed Jun 12, 2019 10:32 pm
Forum: Personal Consumer Issues
Topic: Which shaving cream / oil?
Replies: 58
Views: 4855

Re: Which shaving cream / oil?

This one is a largely dependent on personal preference. For me, I avoid oils and shaving creams (out of a can) and stick with shave sticks and soaps and creams out of a tube - all are essentially soap, but the shave stick can be applied directly to the face and then lathered (as can the creams but t...
by ClassySDLivin
Thu May 30, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Brokerage for small HOA
Replies: 17
Views: 890

Re: Brokerage for small HOA

I have heard of several brokerages that offer CD shopping services for small HOA's - for e.g. Merrill Lynch has a service. A search for Certificate of Deposit Account Registry Service (CDARS) providers may find some in the HOA's area. They typically don't do anything more than find the best availabl...
by ClassySDLivin
Fri May 17, 2019 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC on rental single family home ? List of Lenders?
Replies: 3
Views: 460

Re: HELOC on rental single family home ? List of Lenders?

I'm not sure if all of these financial institutions lend in the state where your investment property is located, but the following generally offer HELOC's on investment properties (some of these have been mentioned): Hanscom Federal Credit Union, Navy Fed CU, Keybank, East West Bank, Lafayette Ambas...
by ClassySDLivin
Mon May 13, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: FERS-Military Buyback and Early Retirement
Replies: 8
Views: 734

Re: FERS-Military Buyback and Early Retirement

I did not "do the math" to calculate the difference between retiring with 10 years (no-buy back) or 18 years (with buy back), but one additional consideration. You can buy back your time later than the first three years of civilian service - but you will also be charged an accrued interest...
by ClassySDLivin
Mon May 06, 2019 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Pledged Asset Credit Line
Replies: 6
Views: 3466

Schwab Pledged Asset Credit Line

I am considering doing some short term real estate investments (both fix and flip and potentially wholesaling deals if the opportunity comes up) and will need access to credit. Their are various ways to borrow money, but the Schwab Pledged Asset Line (low rates, no fees, secured by assets held at Sc...
by ClassySDLivin
Mon Apr 08, 2019 10:32 pm
Forum: Personal Investments
Topic: Resident Doctor... trying to maximize income
Replies: 27
Views: 2880

Re: Resident Doctor... trying to maximize income

You'll find a lot of good info on this site, however I recommend you check out the White Coat Investor (WCI) website (https://www.whitecoatinvestor.com/the-other-guys-a-review-of-physician-financial-blogs/). Those are your people for career specific financial advice - bonus, the link takes you to th...
by ClassySDLivin
Mon Jan 28, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Post-9/11 GI Bill for college questions
Replies: 29
Views: 1758

Re: Post-9/11 GI Bill for college questions

My experience: I entered active service before the Post 9/11 GI Bill was available. I chose not to buy into the Montgomery GI Bill when I started. When the Post 9/11 plan was created I became eligible and have used a small portion to attend graduate school. I elected to transfer the rest of the bene...
by ClassySDLivin
Fri Jan 04, 2019 1:06 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Retirement Plan Contribution Calculator Broken?
Replies: 2
Views: 462

Vanguard's Retirement Plan Contribution Calculator Broken?

I have tried using the Retirement Plan Contribution Calculator from Vanguard (https://personal.vanguard.com/us/SbsCalculatorController?FW_Event=calculate&NavStep=1) over the past few days and it returns "This calculator is unavailable. Please try again later." I use it to check my math...
by ClassySDLivin
Tue Jan 01, 2019 10:34 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]
Replies: 701
Views: 22804

Re: REGISTRATION FOR 2019 BOGLEHEAD CONTEST

2019 S&P 500 Index YE close = 2607.12 (4% rise from 2018 YE close)
by ClassySDLivin
Sun Dec 16, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Received letter from IRS saying I owe penalty charges from a foreign gift
Replies: 24
Views: 3321

Re: Received letter from IRS saying I owe penalty charges from a foreign gift

OP, Sorry to hear of your troubles. I practice in this area of law, however I am not taking on new clients and nothing I write should be construed as advice or a legal opinion. I suggest you speak with several tax lawyers with deep experience in international tax matters (to figure out which one you...
by ClassySDLivin
Tue Dec 04, 2018 6:13 pm
Forum: Personal Consumer Issues
Topic: Looking for a nice travel watch... recommendations?
Replies: 41
Views: 2879

Re: Looking for a nice travel watch... recommendations?

I have a Lumox steelcase that cost around $100 15 years ago - it is my "daily driver" and is very durable (before that watch I broke a series of Ironman, G-shock, etc. watches about once every 3 months due to an active fitness regime). I'd recommend the brand as an entry level durable watch.
by ClassySDLivin
Tue Dec 04, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Reuqesting Help With Managing of Winnings
Replies: 37
Views: 4173

Re: Reuqesting Help With Managing of Winnings

I don't have any specific knowledge or advice; other than consider using a small % of your winnings to engage a competent tax advisor/preparer that can help you fulfill the reporting and paying requirements. One issue that sprung to my mind - if your online gambling platform is located "offshor...
by ClassySDLivin
Mon Nov 12, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 111
Views: 10819

Re: Granddaughter needs $ help for university

What type of school is she attending where the bill is $65K for the year? ($15K loan plus $50K scholarships?) A state university depending on where you live would be much more affordable... maybe $25K total for a year? If the issue is getting her a good education... there have to be more affordable...
by ClassySDLivin
Sat Nov 10, 2018 9:04 am
Forum: US Chapters
Topic: U. S. Marine Corps Birthday
Replies: 50
Views: 4641

Re: U. S. Marine Corps Birthday

Happy Birthday Devil Dogs.
by ClassySDLivin
Sat Oct 06, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell my rental properties?
Replies: 6
Views: 896

Re: Should I sell my rental properties?

You appear to be missing depreciation capture when considering the reportable amounts if the properties were sold. I have seen a few good posts on this subject and the calculation on BH - I recommend starting with the Wiki and searching the site. As a previous poster pointed out, it looks like you a...
by ClassySDLivin
Tue Sep 04, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Selecting HSA custodian
Replies: 14
Views: 1487

Re: Selecting HSA custodian

Another option - I use Bank Of America's HSA service - fee free if you are a Platinum Preferred customer. I have all of the investable amount (anything over $1k) in a low expense S&P 500 fund. For me, it's easy and cheap.
by ClassySDLivin
Sun Jul 29, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 5898

Re: Air Conditioning? [How to finance?]

I had air conditioning put in twice and heat once (different places) in the last 5 years. Most of the installation companies that provided a quote also offered some form of financing. I usually passed because I could get a lower price paying out of pocket or financing a different way, but did take o...
by ClassySDLivin
Fri Jun 22, 2018 11:13 pm
Forum: Personal Consumer Issues
Topic: Complain or Negative Review for Rip-off Plumber?
Replies: 29
Views: 3514

Re: Complain or Negative Review for Rip-off Plumber?

All, thanks for the input. I will post a fact based review on Yelp and update if I contacted by the company.
by ClassySDLivin
Thu Jun 21, 2018 11:42 pm
Forum: Personal Consumer Issues
Topic: Complain or Negative Review for Rip-off Plumber?
Replies: 29
Views: 3514

Complain or Negative Review for Rip-off Plumber?

Curious what others would do. My story: I had a leaky pipe, engaged a local plumbing company that advertises heavily to do the repair. They charged $1,300 (mid range of the other estimates I received). However after the job was done they said the pipe had a second leak and gave an estimate of $1,800...
by ClassySDLivin
Sun Jun 11, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Repairs - Whose to Pay?
Replies: 32
Views: 4744

Rental Property Repairs - Whose to Pay?

I appreciate any opinions shared - I self-manage a rental (condo) in San Diego, CA. The long term tenant (lived there 4 years) is getting ready to move. A few items will need to be cleaned or repaired and I am unsure if I should bear the cost, charge it to the tenant or share the cost between the tw...
by ClassySDLivin
Tue Jan 31, 2017 1:26 am
Forum: Personal Investments
Topic: Tax Reporting & Step Up in Basis for Account Owned with Parent?
Replies: 8
Views: 2051

Re: Tax Reporting & Step Up in Basis for Account Owned with Parent?

Original OP here: Thanks all for the input. As several of the posters indicated, my parent reports the income and the amount is included in their gross estate which results in a step up in basis. I did some digging and came up with some authority if it is ever questioned. The case of Taylor v. Comm’...
by ClassySDLivin
Sat Jan 28, 2017 8:41 pm
Forum: Personal Investments
Topic: Tax Reporting & Step Up in Basis for Account Owned with Parent?
Replies: 8
Views: 2051

Tax Reporting & Step Up in Basis for Account Owned with Parent?

I am the joint owner of an brokerage account, held at Vanguard that contains several Vanguard mutual funds. My elderly parent is the other co-owner. All of the contributions to the account come from my parent and they are they only one to receive distributions from the account. Two questions: 1) Wha...