Search found 353 matches

by MP123
Mon Feb 19, 2018 11:31 pm
Forum: Personal Consumer Issues
Topic: Seeking Cruise Suggestions
Replies: 20
Views: 863

Re: Seeking Cruise Suggestions

A roll-your-own cruise on the Alaska Marine Highway ferries might be fun for you if you aren't looking for luxury. You can get private rooms and you'll go places not many have been. Not super cheap but no lounge acts either...
by MP123
Mon Feb 19, 2018 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Adviser said I made a big mistake switching 403b to Aspire??
Replies: 9
Views: 544

Re: Adviser said I made a big mistake switching 403b to Aspire??

The 5% "deferred load" sounds like it was charged when you moved the funds? Maybe that's what he's talking about?

Those loads and ERs sound horrible...
by MP123
Mon Feb 19, 2018 5:21 pm
Forum: Personal Consumer Issues
Topic: Is window replacement this expensive?
Replies: 27
Views: 2035

Re: Is window replacement this expensive?

To be clear: are you talking about replacing the entire window including frame? Or just the glass in an existing window?

That quote sounds incredibly high to me.
by MP123
Mon Feb 19, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I payoff my Mortgage?
Replies: 25
Views: 1225

Re: Should I payoff my Mortgage?

Pretend it's paid off. Would you take out a home equity line at 2.75% to invest?

The peace of mind is well worth paying it off IMHO.
by MP123
Mon Feb 19, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: For munis: state specific or non-state specific funds best?
Replies: 6
Views: 457

Re: For munis: state specific or non-state specific funds best?

To really answer the question you'd need to know your Federal and State tax rates and the yields on the state specific and nationwide muni funds. The yield on an equivalent risk non-muni fund too would be good for comparison. This will give you a mathematical answer. But the part that's hard to quan...
by MP123
Mon Feb 19, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Email from IRS this morning- is my information compromised?
Replies: 18
Views: 1292

Re: Email from IRS this morning- is my information compromised?

It certainly smells a little phishy. Don't click through any links in the message, just go to the site directly.
by MP123
Sun Feb 18, 2018 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Question regarding tax rate in retirement
Replies: 11
Views: 1093

Re: Question regarding tax rate in retirement

Capital gains tax is zero up to $38k and double that for MFJ status. Not sure how much you need but I would think you could easily keep under that if that was your only income. The tax is on the capital gains not the total amount you take out so if you need $100k that's gone up $30k since you invest...
by MP123
Sun Feb 18, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1297

Re: Emergency costs

There really isn't any upper limit to the nightmarish possibilities one can come up with.

For example: your scenario 2 and 3 could happen at the same time and perhaps scenario 2 was your fault with a huge judgement against you.. on top of the job loss...and the cancer.
by MP123
Sun Feb 18, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to qualify wife for ACA subsidy in 2018
Replies: 18
Views: 1321

Re: How to qualify wife for ACA subsidy in 2018

Be sure you know exactly where the "cliff" is. You don't want to go over even by $1. Also, shifting income to 2019 will likely just make it harder to qualify then although it sounds like your RMDs will do that anyway? You also may need to refund any premium credits you received if you go over the cl...
by MP123
Sat Feb 17, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Issue - "Foreign source amount included in dividends"
Replies: 11
Views: 1394

Re: TurboTax Issue - "Foreign source amount included in dividends"

My layperson's understanding of Form 1116 and the foreign tax credit is that the basic idea is to 1) Split foreign earnings into various 'buckets'. For mutual funds that invest abroad, it's all in the passive income 'bucket' 2) Then check that the amount of tax credit is not greater than the amount...
by MP123
Sat Feb 17, 2018 6:14 pm
Forum: Personal Consumer Issues
Topic: Good store for roller shades?
Replies: 12
Views: 794

Re: Good store for roller shades?

I've bought several roller shades from http://www.blinds.com and been happy with them. They were blackout material so not paper like at all. They have a huge range of custom fabrics and styles, worth checking them out if you're ok with getting shades on the web rather than in person.
by MP123
Sat Feb 17, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Issue - "Foreign source amount included in dividends"
Replies: 11
Views: 1394

Re: TurboTax Issue - "Foreign source amount included in dividends"

It's the amount of foreign income on which you paid the foreign tax.

Vanguard usually reports it along with the 1099 but on a separate page in that report. You can also calculate it if you know the foreign source percentage for VTIAX which I would guess is close to 100%.
by MP123
Fri Feb 16, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Hopefully SImple Question on Real Estate Taxation
Replies: 12
Views: 477

Re: Hopefully SImple Question on Real Estate Taxation

Was the property depreciated for the two years it was a rental? You'll need to recapture that (even if you didn't take it).

We probably need more info.

Edit:clarifying this is depreciation on schedule e
by MP123
Fri Feb 16, 2018 8:57 pm
Forum: Investing - Theory, News & General
Topic: Which book for an 18 year old who is asking about investing?
Replies: 37
Views: 2130

Re: Which book for an 18 year old who is asking about investing?

Bob-a-job wrote:
Fri Feb 16, 2018 8:31 pm
Peter Foley wrote:
Fri Feb 16, 2018 7:58 pm
The Only Investment Guide You'll Ever Need by Andrew Tobias. Solid, broad ranging financial advice and an easy read.
+1 A classic down to earth book.
+2 it covers a lot of financial information in a fun way. Great for college kids or anyone really.
by MP123
Fri Feb 16, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting MUB
Replies: 11
Views: 914

Re: Tax loss harvesting MUB

VTEB and MUB tracks the same index: S&P National AMT-Free Municipal Bond Index. You might be subject to "substantially identical" rule if you cross-over into this gray area. There's never been a reported case that anyone has found of the IRS declaring a wash in a case like this. Has there been a re...
by MP123
Thu Feb 15, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Will Turbotax automatically figure out my wash sale?
Replies: 6
Views: 786

Re: Will Turbotax automatically figure out my wash sale?

MUB vs VEA doesn't sound like a wash sale in the first place but I may not understand your situation.

Anyway TurboTax doesn't determine wash sales that's up to you unless your broker indicates it as a wash sale.
by MP123
Sun Feb 11, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Yes, one is required to use the tax tables. So plan wisely to save a few dollars
Replies: 23
Views: 3466

Re: Yes, one is required to use the tax tables. So plan wisely to save a few dollars

RRAAYY3 wrote:
Sun Feb 11, 2018 10:39 pm
You do this ... for $25 ?
Sounds like much less but hats off anyway!
by MP123
Sun Feb 11, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: Home buying: how to send postcards to neighborhood we want to live in?
Replies: 38
Views: 3737

Re: Home buying: how to send postcards to neighborhood we want to live in?

Not sure this is really the best approach to buying your new house.

But leaving that aside I'd use Zillow as mentioned above. Cross reference with assessors records for names.

Agents do have value, maybe you need a new one?
by MP123
Sun Feb 11, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Can’t decide if we’re getting close to FIRE without knowing health care costs
Replies: 30
Views: 2246

Re: Can’t decide if we’re getting close to FIRE without knowing health care costs

For those with many years to plan should consider this. I have been able to use capital loss carryovers and tax-free distributions from Roth accounts to stay under the ACA subsidy limits. I am saving $18K/year on premiums and OOP costs with MAGI managemnt. For a couple, the ACA Federal Poverty Leve...
by MP123
Sat Feb 10, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: Andew Tobias on Meb Faber Podcast
Replies: 6
Views: 812

Re: Andew Tobias on Meb Faber Podcast

Didn’t know who he was until listening to the podcast, but once he made it clear he was heavily involved in pushing politics it ensured I’d never read or purchase any of his books. Don’t care what side of the political spectrum you’re on, I don’t read finance books or podcasts to learn your politic...
by MP123
Sat Feb 10, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: has anyone here tried to engineer a low-income-generating portfolio?
Replies: 18
Views: 1352

Re: has anyone here tried to engineer a low-income-generating portfolio?

I tend to agree with Klangfool on the $5M portfolio too. It gets more interesting right around the ACA subsidy cutoff. For a couple that's about $65k MAGI. Over that no subsidy at all, under that your premiums are subsidized. ACA subsidies work by capping your premium to a max of 9.5% of your income...
by MP123
Sat Feb 10, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: has anyone here tried to engineer a low-income-generating portfolio?
Replies: 18
Views: 1352

Re: has anyone here tried to engineer a low-income-generating portfolio?

Note that $7,500 a year would be too low for ACA, in most states you'd end up on Medicaid expansion. Presumably you could generate some capital gains to keep your income high enough though. Also note that muni bond interest counts towards ACA eligibility even if it's not taxed so that's not a help. ...
by MP123
Sat Feb 10, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Can’t decide if we’re getting close to FIRE without knowing health care costs
Replies: 30
Views: 2246

Re: Can’t decide if we’re getting close to FIRE without knowing health care costs

You should be able to figure out what insurance will cost by visiting your state's healthcare marketplace online. If you're both 50-ish your policy will likely cost $10-15K/yr with a high ($14k) deductible if you don't qualify for subsidies. If you do qualify and subsidies are still around you would...
by MP123
Fri Feb 09, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing muni bond funds
Replies: 52
Views: 4421

Re: Choosing muni bond funds

Looks like both have front load fees as well as high ER.

Vanguard has several muni funds worth checking out...
by MP123
Fri Feb 09, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Another 8606 thread - IRS transcript shows all zeros
Replies: 15
Views: 1504

Re: Another 8606 thread - IRS transcript shows all zeros

I efile with TurboTax and show the following: Form 8606--Nondeductible IRAs (Occurrence #: 1) SPOUSE INDICATOR:............................................................5 TAXABLE NONDEDUCTIBLE CONTRIBUTIONS:.....................................$0.00 TOTL AMT IRA CNVRTD TO ROTH IRA:..................
by MP123
Thu Feb 08, 2018 11:43 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 13138

Re: "The stock market is officially in a correction... here's what usually happens next"

I have a pile of cash (about 200k remaining) that I was DCA'ing into my robo-advisor taxable account, first week of each month - so I just did that (50k) Monday. I'm trying to decide if I should not wait until the first week of March for the next tranche and instead dump another 50k in now. Could b...
by MP123
Thu Feb 08, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 8605

Re: Tenants want to break lease early and is pregnant

Let them go, give back deposits assuming it's in good shape, and raise the rent. Win/win.

Trying to claw two months rent out of them isn't worth the headaches.
by MP123
Thu Feb 08, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Help with understanding what should be in a Roth IRA vs traditional IRA
Replies: 7
Views: 568

Re: Help with understanding what should be in a Roth IRA vs traditional IRA

Put your highest expected growth assets in the Roth. This assumes of course that you have developed some sort of asset allocation plan and can identify which class of asset is likely to grow the most. Think forward 30 years: Whatever you take out of the Roth won't be taxed at all (great!). Whatever ...
by MP123
Wed Feb 07, 2018 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to sell gold krugerrands?
Replies: 12
Views: 1287

Re: Best way to sell gold krugerrands?

Coin/jewelry dealers (not mall jewelers) will buy them. I'm sure there's some in LA.
by MP123
Wed Feb 07, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Why does my wife have this portfolio?
Replies: 32
Views: 3752

Re: Why does my wife have this portfolio?

It's certainly not boggleheaded but not terrible either. Conspicuously lacking in bonds. Way too many individual stocks. Doesn't look like a whole lot of front load or ER on the funds but better check that. Is there AUM? She could have done much worse just look at some E. J. threads... I'd say happy...
by MP123
Wed Feb 07, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving HCOL state for financial reasons
Replies: 48
Views: 4834

Re: Leaving HCOL state for financial reasons

Allow me to piggyback on this question. Would not your increase in equity in HCOL home offset any savings by moving to a LCOL area? But what if your $1.5m house went to $1m in an extended downturn? The $500k you lost would pay cash for a pretty nice house in a LCOL. Markets don't always go up, home...
by MP123
Tue Feb 06, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: Air Source Heat Pump as hedge against future expenses
Replies: 13
Views: 936

Re: Air Source Heat Pump as hedge against future expenses

What climate do you live in? What are the costs of the available energy sources? Our heat pump works great in a mild (really cold nights in the teens, most in 30s) climate. The AC in summer is a big plus. I would think anything would be better than fuel oil but maybe you have some crazy electric pri...
by MP123
Tue Feb 06, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving HCOL state for financial reasons
Replies: 48
Views: 4834

Re: Leaving HCOL state for financial reasons

It seems to me that when an area becomes so expensive that even Lawyers can't buy a decent house and afford to have kids there must be an adjustment coming... I would certainly consider relocating for a better quality of life which includes being able to afford the above. It might be hard to leave f...
by MP123
Tue Feb 06, 2018 12:33 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 162
Views: 16629

Re: Bitcoin in Freefall

Went to Subway to buy a sub with bitcoin. By the time I got there all I could afford was a bag of chips.... Haha. Just kidding. Real businesses don't take bitcoin. You mean like Overstock.com, Microsoft, Expedia.com, Whole Foods, and Dish Network? I'm not a Bitcoin proponent, but let's get the fact...
by MP123
Mon Feb 05, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Planning to semi-retire in 2-3 years
Replies: 6
Views: 1077

Re: Planning to semi-retire in 2-3 years

OR income tax is terrible for retirement, look north of the river. I'd also take a long hard look at your projected health insurance costs. Without ACA you could be paying $8-12k as an individual. And that's only going up. Employer subsidized insurance would be good if you can get it but wouldn't be...
by MP123
Mon Feb 05, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Another 8606 thread - IRS transcript shows all zeros
Replies: 15
Views: 1504

Re: Another 8606 thread - IRS transcript shows all zeros

You could always call them too. The issue (if there is one) may be on their end. Hard to say what's scanned vs direct entry.
by MP123
Sun Feb 04, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Coverage in Rural Areas
Replies: 31
Views: 1100

Re: T-Mobile Coverage in Rural Areas

For indoor, T-mobile provided us with a cell phone booster, which didn't work very well because the strength of the signal even at the window varied widely. More recently, they gave us a booster that works off Internet. That has been much more reliable. But it requires having a separate internet co...
by MP123
Sun Feb 04, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Applying for a passport with a credit freeze
Replies: 7
Views: 676

Re: Applying for a passport with a credit freeze

I renewed mine just fine with a freeze in place. Not positive about a new issue but I'd be very surprised if they check anything in your credit file. And they gave you the SSN after all...
by MP123
Sun Feb 04, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Another 8606 thread - IRS transcript shows all zeros
Replies: 15
Views: 1504

Re: Another 8606 thread - IRS transcript shows all zeros

oslocal wrote:
Sun Feb 04, 2018 5:02 pm


Shouldn't the TAXABLE NONDEDUCTIBLE CONTRIBUTIONS line show 5500?
Wouldn't that be line 15 for taxable contributions? I think yours are nondeductible but not taxable.

Seems odd that the $5500 doesn't show on the transcript at all though...
by MP123
Sun Feb 04, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Coverage in Rural Areas
Replies: 31
Views: 1100

Re: T-Mobile Coverage in Rural Areas

Not sure where you're planning to go but in the rural Western US Verizon has the best network by far. It's still spotty or even non-existent once you're away from towns or off major highways. As mentioned above you can download a map section in Google Maps so you can use it offline if you don't have...
by MP123
Sat Feb 03, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: Tips on Buying a Class-B RV
Replies: 104
Views: 7497

Re: Tips on Buying a Class-B RV

Is there much real life difference between a class b and a conversion van?

Let's say for a week long trip with motels as a possibility too.
by MP123
Sat Feb 03, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Wash Sale
Replies: 11
Views: 775

Re: Wash Sale

I think different share classes of the same fund would need to be washes. After all, you can convert from VTSAX->VTI without it being a sale. You probably could go the other way if Vanguard wanted to provide it. Good point. I guess that would apply to investor class to admiral class wash sales too.
by MP123
Sat Feb 03, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help calculating 2018 kiddie tax
Replies: 32
Views: 1214

Re: Help calculating 2018 kiddie tax

I have seen full time student defined as you have it above in some IRS pubs. But there is some ambiguity. Here's what Publication 17 says: "Student defined. To qualify as a student, your child must be, during some part of each of any 5 calendar months of the year: 1. A full-time student at a school ...
by MP123
Sat Feb 03, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Wash Sale
Replies: 11
Views: 775

Re: Wash Sale

One's an ETF, the other's a Mutual Fund. Doesn't sound substantially identical to me... Really? They have identical holdings and expenses, and pay identical dividends. I think that covers "substantially identical" pretty well. I think we're in agreement that VTSAX/VTI would be on or over the line a...
by MP123
Sat Feb 03, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Help calculating 2018 kiddie tax
Replies: 32
Views: 1214

Re: Help calculating 2018 kiddie tax

It's certainly possible that he is no one's dependent but is still subject to kiddie tax. The test for kiddie tax is on earned income only. Absolutely correct! There are students under 24 who are completely financially independent of their parents and not even on speaking terms with them (let alone...
by MP123
Sat Feb 03, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Wash Sale
Replies: 11
Views: 775

Re: Wash Sale

How about if you sold VTSAX at a loss (in taxable), and had dividends automatically reinvested in VTI (in a Roth) within 30 days? I think that is pushing it even though the CUSIP numbers are different. One's an ETF, the other's a Mutual Fund. Doesn't sound substantially identical to me... With that...
by MP123
Sat Feb 03, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help calculating 2018 kiddie tax
Replies: 32
Views: 1214

Re: Help calculating 2018 kiddie tax

It's certainly possible that he is no one's dependent but is still subject to kiddie tax. The test for kiddie tax is on earned income only.
by MP123
Sat Feb 03, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question - Roth conversion and total basis question - did I get bad advice?
Replies: 6
Views: 359

Re: Tax question - Roth conversion and total basis question - did I get bad advice?

It sounds like you're doing it right. If the $100 you left in the tIRA has grown to $100.01 you'll likely owe tax on the one cent since that portion was never taxed. :happy Edit to add: you have a basis because your previous contributions were non-deductible. It's a good thing in this context becaus...
by MP123
Sat Feb 03, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: SEP for a single member C corp?
Replies: 1
Views: 117

Re: SEP for a single member C corp?

Rather than a SEP you might consider an individual 401k if you're the sole owner/employee. You can put away 25% of salary like the SEP and also up to $18,500 (or $24,500 if you're over 50) of deferred salary. Those numbers are for 2018.