Search found 762 matches

by MP123
Sun Nov 11, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should we open 1 or 2 HSAs?
Replies: 8
Views: 472

Re: Should we open 1 or 2 HSAs?

You could each have an HSA: contribute $7900 to one, and $1000 to the other. Or any combination totalling $8900 as long as one account gets at least $1000 for the catchup contribution. You can pay for each other's expenses (and any dependents that are on your health policy) from either account so no...
by MP123
Sat Nov 10, 2018 11:04 pm
Forum: Personal Consumer Issues
Topic: Quick Turnaround for Passport Applications (No Payment for Expedited Processing)
Replies: 17
Views: 1405

Re: Quick Turnaround for Passport Applications (No Payment for Expedited Processing)

I did my most recent renewal with FedEx and requested expedited service. I got my new passport back the same week, crazy fast.

Had I known I would have skipped the expedited.

I think they've made great improvements lately, in the past regular renewals could take months.
by MP123
Sat Nov 10, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pay capital gains taxes now or defer till 219?
Replies: 6
Views: 866

Re: Pay capital gains taxes now or defer till 219?

I'm not sure of the overall picture but would this additional sale put you into the 20% ltcg bracket for 2018? And/or put you in a range subject to the additional 3.8% NIIT tax on the sale?

Perhaps you're already there but it's something to consider. You might owe less tax if spread over two years.
by MP123
Wed Nov 07, 2018 11:46 pm
Forum: Investing - Theory, News & General
Topic: China Still An Emerging Market?
Replies: 24
Views: 1909

Re: China Still An Emerging Market?

Are there any Emerging Markets ex-China funds?

Most EM funds seem to be heavily concentrated in China.
by MP123
Wed Nov 07, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 29
Views: 2968

Re: Amazon says TurboTax 2018 will be released November 12

last year used home & business - tempted this year to just get deluxe. Receive income from S corp main job both W2 and K-1, also income via distribution from a partnership, small sole proprietorship (with a solo 401k). But most deductible expenses are handled on the S corp 1120S (which I don't comp...
by MP123
Wed Nov 07, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 7910

Re: 1/3 of Baby Boomers have no retirement savings...

dknightd wrote:
Wed Nov 07, 2018 8:57 pm
1/3 of baby boomers probably do not need to save for retirement
This recent thread suggests that's not far from the truth.

viewtopic.php?t=260050

Of course you might be in the other 2/3...
by MP123
Tue Nov 06, 2018 11:20 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3466

Re: Paper or Paperless? How and what financial records do you keep?

I found some 30 year old paper tax returns recently, good times remembering the day! Dot matrix printers anyone? But with Quicken, TurboTax, online banking, credit cards, and so on you probably don't need any printed paper records anymore. In fact your entire life's records could probably fit on a m...
by MP123
Mon Nov 05, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Need your guidance in selecting a medical insurance plan
Replies: 7
Views: 801

Re: Need your guidance in selecting a medical insurance plan

Thanks MP123 for your input. From your response it seems Kaiser does not have a provision for coverage in Texas. His original policy is through Kaiser as he lived in CA before coming for his studies to Austin. The impression given to his parents was that emergency coverage would be provided in Texa...
by MP123
Sun Nov 04, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting Health Insurance Obtained through PEO
Replies: 5
Views: 490

Re: Deducting Health Insurance Obtained through PEO

Yes, it sounds a little complicated. If you're paid on a K-1 you must be a partner or shareholder of the PEO. In general that would allow you to take the 1040 line 29 deduction for self employed health insurance assuming the insurance policy was in your name (and reimbursed by the business) or in th...
by MP123
Sun Nov 04, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting Health Insurance Obtained through PEO
Replies: 5
Views: 490

Re: Deducting Health Insurance Obtained through PEO

We'd need more information to say for sure but if you are an employee of record for the PEO (Professional Employer Organization) I wouldn't assume that you can take the self employed deduction. But you say you're paid on a K-1? Or do you mean a 1099? So you're not an employee? Is the policy in your ...
by MP123
Sun Nov 04, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Need your guidance in selecting a medical insurance plan
Replies: 7
Views: 801

Re: Need your guidance in selecting a medical insurance plan

Nationwide PPO plans are hard to find in the individual market in many states. You might call BCBS and ask them. I also have Kaiser and agree with Watty's summary above. Kaiser lets it's members go to Kaiser facilities in any of their service areas which includes WA and CA but not TX. So Kaiser migh...
by MP123
Sat Nov 03, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5860

Re: Deal fell through and didn't get escrow money.....

What you've described is normal in every state I'm familiar with but it doesn't have anything to do with the mortgage crisis, it definitely pre-dates that. Your friend the seller may have been able to say that the earnest money would be non-refundable if the contingency wasn't satisfied in a counter...
by MP123
Fri Nov 02, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: New ACA 2018 Dependent Income Rules?
Replies: 13
Views: 825

Re: New ACA 2018 Dependent Income Rules?

You're certainly allowed to file even if you aren't required to. This might be advantageous in cases like yours or people that want to take education credits or other refundable tax situations. What I'm not sure of is whether your daughters income will be reduced to zero on your or her return (consi...
by MP123
Fri Nov 02, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: New ACA 2018 Dependent Income Rules?
Replies: 13
Views: 825

Re: New ACA 2018 Dependent Income Rules

This is an interesting question and the opposite of what is often asked on here. As I understand it you want to include your dependent daughter's income on your (or her, incuded in your household) 1040 to make sure you're over the lower ACA cliff that falls into Medicaid? Does your daughter have onl...
by MP123
Fri Nov 02, 2018 7:36 pm
Forum: Investing - Theory, News & General
Topic: When do YOU pull the trigger for TLH? [Tax Loss Harvesting]
Replies: 48
Views: 3086

Re: When do YOU pull the trigger for TLH? [Tax Loss Harvesting]

Rarely, if ever, do I recommend TLH. If you think about it, all you’re doing is reducing your basis. So you’re really just kicking the can down the road, because when you sell that asset in the future, you’ll have a higher gain, and wind up paying back all that money that you thought you saved. The...
by MP123
Thu Nov 01, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 4908

Re: Falling off the ACA subsidy cliff

Whoever voted for the cliff were insane (IMO). So you could earn $1 and lose $12,000+?? Most things in the tax code have phaseouts, e.g. a 4-1 ramp down would make more sense. You could earn one extra $1 and lose $25k+ if you go over the cliff and are older or have a family. To be fair though the s...
by MP123
Thu Nov 01, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: Do capital losses count against ACA MAGI?
Replies: 14
Views: 1571

Re: Do capital losses count against ACA MAGI?

I'm assuming the MAGI ACA calculation isn't capturing the capital gain gross of the carry forward. Make sense? That's correct. ACA looks at MAGI from your 1040 with any municipal bond income added back in. Capital loss carry forward, suspended losses, and similar don't factor in (except to the exte...
by MP123
Wed Oct 31, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: What does the BH community do with their pets when they travel?
Replies: 78
Views: 6340

Re: What does the BH community do with their pets when they travel?

BogleMelon wrote:
Wed Oct 31, 2018 9:47 pm
English is my second language. What do you guys mean by kennels? I tried googling it with no luck! :oops:
Like a stable for horses, but for dogs :wink:
by MP123
Wed Oct 31, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 4908

Re: Falling off the ACA subsidy cliff

Thanks for all the replies. My last IRA withdrawal was within the last 60 days, so I could return that and be a safe distance from the cliff. But I wouldn't have enough liquid assets to cover expenses through the end of the year. I do have a few options to cover that: 1) I have an existing HELOC (c...
by MP123
Wed Oct 31, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 4908

Re: Falling off the ACA subsidy cliff

Them contributing to their own IRA is an option. The downside (other than them feeling it is money taken out of their hand) is that it will be taxed at ordinary income rates when withdrawn, whereas it is at near zero rate now. You need to weigh the benefits. It is to the kids' benefit to contribute...
by MP123
Wed Oct 31, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 4908

Re: Falling off the ACA subsidy cliff

I'm in a similar situation such as yourself, projected to fly right off that ACA cliff and if so, would have to pay back $10,000 in subsidies. Last year our MAGI was right below the cliff; this year both wife and myself made more income. I'm pulling every possible lever I can to get below the cliff...
by MP123
Tue Oct 30, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Self Employed Insurance deduction S Corp
Replies: 4
Views: 415

Re: Self Employed Insurance deduction S Corp

You might also consider making your spouse a 2% (or more) shareholder as a fix. Also be sure they aren't eligible for insurance from another employer. Line 29 is a much much better way to deduct health insurance premiums if you're eligible especially with the new $24k standard deduction and the inco...
by MP123
Mon Oct 29, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Driving with nanny riding along, insurance for worst case?
Replies: 8
Views: 1067

Re: Driving with nanny riding along, insurance for worst case?

Your finding #2 above is a little disturbing. The situation is murky since you're also the employer but if the umbrella won't cover a claim and you can't get workman's comp you may not have any coverage if the nanny sues because of injuries on the job. And (hypothetically) was she on the job or not?...
by MP123
Sat Oct 27, 2018 10:27 pm
Forum: Personal Consumer Issues
Topic: Experience with Uber?
Replies: 7
Views: 884

Re: Experience with Uber?

You or your helper will need to fiddle around with your cell phone to use it. Not sure if that's an issue with your particular circumstances and post-op abilities?

Other than that I've always been happy with Uber rides.
by MP123
Sat Oct 27, 2018 8:13 pm
Forum: Investing - Theory, News & General
Topic: Consequences of wash sale
Replies: 4
Views: 320

Re: Consequences of wash sale

You can't take the loss immediately but you do get to add it to your cost basis on the new shares (this is a good thing because it reduces your gain when you eventually sell them). Then once you're outside the wash sale period on the new shares you can finally take the loss. Assuming you still have ...
by MP123
Sat Oct 27, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Wash sale reporting by brokers
Replies: 9
Views: 613

Re: Wash sale reporting by brokers

Only for identical securities that have the same CUSIP.

Also (somewhat obviously) only when the brokerage in question holds both of the securities, they don't know what happens in other accounts.
by MP123
Fri Oct 26, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Buying an investment condo in Panama City Beach
Replies: 16
Views: 2483

Re: Buying an investment condo in Panama City Beach

So, you want to pick up a condo on the cheap in an area that was just devastated by a hurricane. Then you're hoping to make it through the recovery and avoid the next hurricane. Seems a little risky to me.

Your 7.5% roi on your current rental sounds way better!
by MP123
Fri Oct 26, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: Capital gain bracket question
Replies: 5
Views: 935

Re: Capital gain bracket question

There's an even smaller range for single tax payers from $38,601-$38,700 where the ltcg rate is higher (15%) than the regular income rate (12%)
by MP123
Fri Oct 26, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 ACA plans available for review
Replies: 30
Views: 2899

Re: 2019 ACA plans available for review

Conch55 wrote:
Fri Oct 26, 2018 3:33 pm
For those who purchase health insurance plans (ACA) on healthcare.gov, 2019 plans are available for preview.

https://www.healthcare.gov/see-plans/
Good to know, thanks!

It does just seem to be for states that don't run their own exchanges.
by MP123
Thu Oct 25, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance to cover catastrophe health situation?
Replies: 26
Views: 1573

Re: Insurance to cover catastrophe health situation?

Catastrophic plans are basically the same thing as a bronze plan, and some cat plans are actually better because they include 3 office visits with a copay while the bronze plans usually don't. HC.gov plans are no longer required to be listed in "metal" tiers. I'm not sure if insurance companies sti...
by MP123
Thu Oct 25, 2018 8:13 pm
Forum: Personal Consumer Issues
Topic: Seeking temporary health insurance in Chicago
Replies: 17
Views: 944

Re: Seeking temporary health insurance in Chicago

I remember one tactic brought up on this forum was to enroll in a class at your local community college and use the student insurance. It's usually comparatively cheap, since the risk pool is better, I imagine. I've never used this idea, but always thought it might be useful if I found myself witho...
by MP123
Wed Oct 24, 2018 11:17 pm
Forum: Investing - Theory, News & General
Topic: TLH -> Non-qualified Dividend
Replies: 18
Views: 1175

Re: TLH -> Non-qualified Dividend

Qualified dividends are taxed at lower rates (0%,15%,20%) than non-qualified which are taxed at your regular income tax rate. If you hold a fund less than 61 days a dividend paid from the fund that would otherwise be qualified becomes non-qualified to you. It isn't directly related to capital loses ...
by MP123
Wed Oct 24, 2018 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7562

Re: Reaction to Market

Difficult to follow the Philosophy aspired by the Organization after today's dumpster dive even with the appropriate risk reward ratio. $100,000 paper loss today. Market isn't even down ten percent. Are you sure your risk reward ratio is appropriate? Not to mention most indexes are still up for the...
by MP123
Wed Oct 24, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7562

Re: Reaction to Market

Difficult to follow the Philosophy aspired by the Organization after today's dumpster dive even with the appropriate risk reward ratio. $100,000 paper loss today. Market isn't even down ten percent. Are you sure your risk reward ratio is appropriate? Not to mention most indexes are still up for the...
by MP123
Wed Oct 24, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Wellesley alternative for taxable acct?
Replies: 7
Views: 1468

Re: Vanguard Wellesley alternative for taxable acct?

Not really. You could try your own special blend of a muni bond fund and a high dividend yield fund. That would save you from Wellesley's bond income (non-qualified) which is the least tax efficient part of it. Not much you can do about the stock dividend part but at least that's at preferential rat...
by MP123
Mon Oct 22, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: How to open a sealed up fireplace?
Replies: 13
Views: 1206

Re: How to open a sealed up fireplace?

Cut the caulk with a knife, simple as that. Unfortunately I have had no luck using a box cutter blade. Perhaps I need to use a pointed craft knife. I am beginning to wonder if there is more than just caulk holding it shut? Perhaps some nails? It might be glued on with construction adhesive, who kno...
by MP123
Sun Oct 21, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: Avoiding Wash Sale: FSTVX -> ITOT
Replies: 7
Views: 977

Re: Avoiding Wash Sale: FSTVX -> ITOT

Different number of stocks held, different expense ratios, different companies. Not substantially identical IMHO. It's up to you though and opinions vary. I draw the line at Vanguard's etf/fund/admiral /investor pairs and similar. In all of the wash sale threads on here (and there are many) I don't ...
by MP123
Thu Oct 18, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Bitcoin after death...some thoughts to consider
Replies: 10
Views: 2384

Re: Bitcoin after death...some thoughts to consider

If the encryption that bitcoin is based on is brute force cracked by this mythical soon-to-come computing power, the cracking of bitcoin will be dwarfed in significance to the cracking of encryption protecting US Dollar and Euro based financial systems. It's not mythical, it's called Quantum Comput...
by MP123
Wed Oct 17, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 79
Views: 4922

Re: Personal Adventure - recommendations

This is a great thread. No one has mentioned the wild and crazy events coordinated by the Adventurists so I will: https://www.theadventurists.com/home/ These are way too out there for me and probably for most bogleheads, but I admire the spirit motivating them. I think that spirit can be used to in...
by MP123
Wed Oct 17, 2018 9:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 193
Views: 59477

Re: Vanguard's Wellesley Income fund is incredible

IMO, not meaningful, but I though about finding companies that may have beat it (since 1970 data on Morningstar), and I wasn't able to come up with one until about my 10th try. I tried Berkshire first, but the data for A shares only started in the 90's and later for the B shares (and it does handil...
by MP123
Tue Oct 16, 2018 10:52 pm
Forum: Personal Consumer Issues
Topic: Pet Insurance company recommendation
Replies: 23
Views: 2028

Re: Pet Insurance company recommendation

The few policies I looked at a while ago had very low maximum payouts. Like a few thousand dollars maximum. But you'd pay that in premiums in a year or two. Basically you're pre-paying your benefit which isn't really a good idea. This might be an area to consider self insuring. At the very least you...
by MP123
Tue Oct 16, 2018 9:53 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 79
Views: 4922

Re: Personal Adventure - recommendations

As a fellow old sailor how about a "Great Loop tour"? Down the Mississippi river, up the ICW, through the Great Lakes. Lots of water, and shore time (or not) depending on your mood. Not as isolated as a solo ocean race but that might be good. You could probably do it in anything that floats and stri...
by MP123
Tue Oct 16, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: Why buy thicker hardwood?
Replies: 16
Views: 2244

Re: Why buy thicker hardwood?

The thicker the hardwood, the more times it can be refinished. You have a better chance of buffing out any scratches and gouges. This. Even if it's not you the next buyer might pay a little more for it too. Plus it sounds better when you walk on it. More solid, less hollow. Hard to describe and it ...
by MP123
Sun Oct 14, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: Maui - Ka'anapali Beach Hotel
Replies: 15
Views: 2044

Re: Maui - Ka'anapali Beach Hotel

We've stayed at several Ka'anapali resorts including the Ka'anapali Beach Hotel. Compared to the others it's a very low key property, older, family oriented, friendly, very old school Hawaiian with a lot of Aloha spirit. It's a comfy rather than glitzy. The restaurants are OK but not super great. It...
by MP123
Sat Oct 13, 2018 10:23 pm
Forum: Personal Consumer Issues
Topic: Pacific Northwest trip
Replies: 39
Views: 3014

Re: Pacific Northwest trip

Has OP said if they want an urban trip or more nature? Good question. We'd obviously like to experience the city, but definitely want to do other things (whitewater rafting, boat trip, maybe fishing charter). Now I'm thinking that we might just spend the whole time in Oregon using Portland as a bas...
by MP123
Thu Oct 11, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: Can a Person Under 21 Rent a Hotel Room?
Replies: 15
Views: 1558

Re: Can a Person Under 21 Rent a Hotel Room?

Often they'll want to swipe a card at check-in but booking in your name with them on the reservation may work if they don't have their own card.

Don't be shy about calling and asking though, it's the hospitality business after all.
by MP123
Thu Oct 11, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare premiums will be down an average of 1.5 percent next year
Replies: 39
Views: 4064

Re: Obamacare premiums will be down an average of 1.5 percent next year

Kaiser in WA just got approved for a 18% increase, they asked for 29%.

Someone must be getting a heck of a deal if the so called "average" is down 1.5%
by MP123
Thu Oct 11, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7475

Re: If I retire to a State that has no State taxes...

It depends on the state(s). You will likely owe some to your previous state prorated for the part of the year you lived there. It won't be prorated. If you are a part-year resident of a state, you owe tax to that state on all income you earned while a resident, and not at all on income earned while...
by MP123
Wed Oct 10, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7475

Re: If I retire to a State that has no State taxes...

It depends on the state(s). You will likely owe some to your previous state prorated for the part of the year you lived there.

Which states are we talking about?

Some tax investment income but not wages for example.
by MP123
Wed Oct 10, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Google's Titan Key for 2fa
Replies: 23
Views: 2138

Re: Google's Titan Key for 2fa

aqan wrote:
Wed Oct 10, 2018 7:56 pm
MP123 wrote:
Wed Oct 10, 2018 7:47 pm
If you leave the key plugged in all the time and someone steals your computer they have your 2fa too, right?
I'm guessing they still have to know your password to get in.
But they could likely recover the password via the attached 2FA key. Depending on the site I guess.