Search found 35 matches
- 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.
- 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...
- 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...
- 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...
- 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...
- 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.
- 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.
- 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...
- 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 ...
- 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 ...
- 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.
- 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 ...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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)
- 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...
- 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.
- 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...
- 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...
- 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.
- 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...
- 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.
- 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...
- 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.
- 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...
- 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...
- 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’...
- 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...