Search found 655 matches

by MP123
Sun Jul 22, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: Sail boat budget
Replies: 12
Views: 1622

Re: Sail boat budget

One of the cardinal rules of boat ownership is that you never add up all the associated costs. And if by some chance you do under no circumstances should you share info that with your spouse. :happy Having owned a 35' sailboat for many years I'd guess your annual expenses would be in the $10-15k/yr ...
by MP123
Wed Jun 20, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contributions - Clarifying Questions
Replies: 11
Views: 713

Re: HSA Contributions - Clarifying Questions

The HSA contribution ends up as a deduction on 1040 line 25 so they aren't taxed on it. The LLC wouldn't have to make an HSA contribution to the non-owner employee. In fact, the contribution wouldn't need to come from the LLC at all if there were funds available elsewhere. Thanks, I was under the a...
by MP123
Wed Jun 20, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contributions - Clarifying Questions
Replies: 11
Views: 713

Re: HSA Contributions - Clarifying Questions

The HSA contribution ends up as a deduction on 1040 line 25 so they aren't taxed on it.

The LLC wouldn't have to make an HSA contribution to the non-owner employee. In fact, the contribution wouldn't need to come from the LLC at all if there were funds available elsewhere.
by MP123
Wed Jun 20, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Considering adding VWALX; pros-cons
Replies: 14
Views: 1558

Re: Considering adding VWALX; pros-cons

I am ok with back testing in certain scenarios. Look and see how VWALX did during the 2007 to 2009/10 market swoons. Total return for VWALX in 2008 was -10.39% vs VTI (total stock market) at -36.97%. So certainly not as stable as a savings account but not really anywhere near as volatile as stocks ...
by MP123
Tue Jun 19, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 52
Views: 6387

Re: General Electric booted from Dow Jones Industrial Average

But why Walgreens and not say Amazon, a company with a larger footprint, which may well upend Walgreens in a few years if it decides to enter the pharmacy retail space. And perhaps DJIA should be rebranded as DJA since there are not a lot of industrial components left in the average. Companies chos...
by MP123
Tue Jun 19, 2018 9:55 pm
Forum: Personal Consumer Issues
Topic: Trip to the Steens Mountains in Oregon
Replies: 9
Views: 866

Re: Trip to the Steens Mountains in Oregon

TravelGeek wrote:
Tue Jun 19, 2018 9:27 pm
Oreamnos wrote:
Tue Jun 19, 2018 6:13 pm
Fantastic area, but do not underestimate how remote it is.
Trips like these are why I have AAA Plus with 100 mile towing. Not that I have needed it so far, but...
You might want the unlimited plan out there. :happy
by MP123
Tue Jun 19, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: I don't trust my own estimate of expenses
Replies: 29
Views: 2457

Re: I don't trust my own estimate of expenses

As mentioned above Quicken does this very well. After some initial setup you'll know exactly how much you spend on what to the cent. You can download from most banks and credit cards too so no need to rekey everything. This may open your eyes a bit too - I spend HOW much on that? Guestimates might b...
by MP123
Tue Jun 19, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12216

Re: Retire at 50: Should I?

If I aim for $64,000 of income through dividends, Roth conversions and capital gains, I think my federal taxes will be about $4500. How did you come up with this estimate? You should be able to manage your fed taxes down $0 at this income level That was from a the taxfoundation.org online calculato...
by MP123
Mon Jun 18, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12216

Re: Retire at 50: Should I?

With the usual caveats about unknown future health care expenses I'd say it looks good.

As I understand your plan you aren't including SS benefits or (eventual) Medicare or even ACA subsidies which makes it all the stronger. Likely you'll be getting at least some of that I think.
by MP123
Sun Jun 17, 2018 10:53 pm
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 96
Views: 8420

Re: how to make friends in new location?

I meet many people walking my dog. Great conversations of all kinds almost every single day. My advice -- wait for it -- Get a dog! Added: But if you get a dog, be a good citizen and clean up after it and don't let it pee on someone's grass unless they approve. ;) yep! Dog is already in the works G...
by MP123
Thu Jun 14, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Long Weekend in November - NOLA, Austin, Other
Replies: 26
Views: 1318

Re: Long Weekend in November - NOLA, Austin, Other

NOLA is a great time. Commanders, ACME oyster, Cafe du Monde, Garden district, and so on. If you're looking for food, beer, history, and culture it's for you. The Quarter at night is kind of like a frat party in Vegas, easily avoided if it's not your thing. I've never felt unsafe visiting NOLA, even...
by MP123
Thu Jun 14, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3849

Re: Non-alcoholic drinks for wedding

Is this an afternoon or evening reception? What food are you serving?

I'd be sure to have coffee, tea (iced), and sparking/flavored water. Probably don't need to go much beyond that if it's dry anyway.
by MP123
Thu Jun 14, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: 401k & account with 1 Robo-advisor: Wash sale chance?
Replies: 22
Views: 1122

Re: 401k & account with 1 Robo-advisor: Wash sale chance?

Three would make it even worse. If Firm 1 and Firm 2 TLH a security and then Firm 3 buys it within 30 days you'd have two wash sales to keep track of. The problem here is that none of the brokers know what's going on in your accounts at other brokers and so that won't get factored into their "Robo" ...
by MP123
Thu Jun 14, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Drive from Phoenix to San Diego
Replies: 42
Views: 2703

Re: Drive from Phoenix to San Diego

HOT means 110-120 by the way.

I'm with the others, just go to San Diego.
by MP123
Wed Jun 13, 2018 10:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 49
Views: 8610

Re: Vaguard - You'll need to sign up for security codes soon

Vanguard needs to really add TOTP software security tokens instead of just SMS. +1 Vanguard needs to support TOTP, and they need to disallow bypassing a security key with SMS. YES! YES! YES! PLEASE Vanguard! I've written to Vanguard months ago requesting they move to using TOTP and removing SMS. I ...
by MP123
Wed Jun 13, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Convert Taxable account to Roth IRA to avoid wash sale?
Replies: 14
Views: 625

Re: Convert Taxable account to Roth IRA to avoid wash sale?

Be aware that you can have a wash sale in your IRA too and that's bad because there's no way for you to increase the basis of the replacement shares . In a taxable account you can eventually get to take the disallowed loss from the wash sale, not so in an IRA. Could you please elaborate on the abov...
by MP123
Wed Jun 13, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7271

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

It's worth mentioning that Millennials are projected to inherit something like $30 trillion dollars in assets from aging Boomers.

I wonder if that might change some of their plans for housing, kids, and so on?
by MP123
Wed Jun 13, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Convert Taxable account to Roth IRA to avoid wash sale?
Replies: 14
Views: 625

Re: Convert Taxable account to Roth IRA to avoid wash sale?

It seems to me that having two different parties doing robo-TLH for you would be likely to generate a wash sale. I'm not a customer at either Betterment or Wealthfront but I assume each can avoid wash sales on their own trades so it would be good to consolidate to one or the other. Be aware that you...
by MP123
Tue Jun 12, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to reduce MAGI with s-corp
Replies: 6
Views: 422

Re: Ways to reduce MAGI with s-corp

skor99 wrote:
Tue Jun 12, 2018 3:07 pm
Yes I am.
Well, there's also the new Section 199a deduction potentially but we'll have to see how that works out later in the year.
by MP123
Tue Jun 12, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11677

Re: Are you including SS in your planning model? Are the benefits really that high?

I'm under the impression that it won't be that easy to check. I don't think I can check it with my credit being frozen, which I froze after the Experian leak. Can I get the information at my local SS office? Frozen credit has no impact on checking SS benefits. Go to this link and create an account ...
by MP123
Tue Jun 12, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to reduce MAGI with s-corp
Replies: 6
Views: 422

Re: Ways to reduce MAGI with s-corp

I assume you're taking your self employed health insurance deduction and (hopefully) an HSA deduction?
by MP123
Tue Jun 12, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: For Sale By Owner (FSBO) purchase - how much discount can I expect?
Replies: 22
Views: 1692

Re: For Sale By Owner (FSBO) purchase - how much discount can I expect?

Not sure I understand how realtor's commission works. If there is a seller's agent and a buyer's agent they would split the commission (eg. 6%)? But if there is only a seller's agent, would there just be the commission to the seller's agent of half (e.g. 3%) or does the whole commission go to the s...
by MP123
Tue Jun 12, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Recommendation for High Deductible Health Care Plan - Ages 61/56
Replies: 17
Views: 1282

Re: Recommendation for High Deductible Health Care Plan - Ages 61/56

5) Healthcare Sharing Ministries. Might be appropriate for some but be aware of the low lifetime maximums (often $150k or so), exclusions, qualifications, and the fact that it's not a binding insurance contract. I'm still waiting to hear back from someone who joined one of these plans and then was ...
by MP123
Tue Jun 12, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Recommendation for High Deductible Health Care Plan - Ages 61/56
Replies: 17
Views: 1282

Re: Recommendation for High Deductible Health Care Plan - Ages 61/56

1) Try to stay on COBRA for up to 18 months after departure from work to extend your employers health care coverage as long as you can since my large company has good plans. Check cost of course. Then after 18 months on COBRA: 2) The ACA plans from healthcare.gov are recommended since they will cov...
by MP123
Mon Jun 11, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Chipmunk Repellent?
Replies: 36
Views: 2699

Re: Chipmunk Repellent?

Neighborhood kid with a Red Ryder? Pay a bounty.
by MP123
Mon Jun 11, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard -Data Concerns
Replies: 29
Views: 2324

Re: Vanguard -Data Concerns

It does make me wonder about what NAV they used for purchases or redemptions on that date. Although that may be handled in a different system.
by MP123
Mon Jun 11, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pre 65 Retirees - Healthcare
Replies: 21
Views: 2103

Re: Pre 65 Retirees - Healthcare

I should add that, depending on what state you live in, some states offer very little in the way of ACA plans. I think we have four or five to choose from. We have two, both of whom just filed for approval of 30% rate increases for 2019. :annoyed Availability goes by county, so even within a state ...
by MP123
Mon Jun 11, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Pre 65 Retirees - Healthcare
Replies: 21
Views: 2103

Re: Pre 65 Retirees - Healthcare

$1500-$2200 for premiums is about right for two people in their 50s or 60s. That's been increasing at 10-30% a year too depending on the insurer and your location. Also, you need to consider the maximum out of pocket (OOP) which is probably in $14k range for two people. Hopefully you won't hit that ...
by MP123
Mon Jun 11, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Recommendation for High Deductible Health Care Plan - Ages 61/56
Replies: 17
Views: 1282

Re: Recommendation for High Deductible Health Care Plan - Ages 61/56

Your best bet is to start here: https://www.healthcare.gov/ You can see all the plans available on the exchange in your state. Be aware that there are some High Deductible plans that aren't HSA compatible so if you want an HSA (and you should) pick one that has "HSA" in the plan name. In general you...
by MP123
Sun Jun 10, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3726

Re: Retire in 2 years at 55 - Can I do it

That's a nice pension even without the COLA. I'd say your health care estimate is about right considering the state of ACA. Housing costs, kid's college (or boomerang), aging parents needing support? Looks good to me and I'm more glass half empty. The breakdown by Hornedtoad above is a good way to a...
by MP123
Sun Jun 10, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: What does "tap into" the Social Security trust fund mean?
Replies: 29
Views: 2386

Re: What does "tap into" the Social Security trust fund mean?

I understand that social security receipts are all spent as they are received. Then treasury bonds for this money are placed in the “trust fund. “ That means there is no money actually in the trust fund. There is actual money in the trust fund. Historically there have been times when receipts excee...
by MP123
Sat Jun 09, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - fidelity vs. vanguard
Replies: 20
Views: 1373

Re: Solo 401k - fidelity vs. vanguard

I think Schwab has the most flexible i401k, followed closely by Fidelity, with Vanguard a distant third. Does schwab allow e-transfers into your i401K? If so, I'm switching tomorrow. I'm not sure, I've always sent in their contribution form which requires a wet signature so I'm guessing maybe not? ...
by MP123
Sat Jun 09, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculator for before age 62
Replies: 3
Views: 547

Re: Social Security Calculator for before age 62

This one is nice because you can cut/paste your earnings record from the SSA site instead of having to type it all in:

https://socialsecurity.tools/app.html
by MP123
Sat Jun 09, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11677

Re: Are you including SS in your planning model? Are the benefits really that high?

The result was a monthly benefit of $1600 in today's dollars starting at 62. Yes, and remember that Social Security has an annual cost of living adjustment. So by the time you're 62 that benefit will likely be much higher and continue to increase as you age. Of course prices will be higher too but ...
by MP123
Fri Jun 08, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: FIREcalc vs Delayed SS
Replies: 16
Views: 760

Re: FIREcalc vs Delayed SS

Have you tried running your scenario in http://www.cfiresim.com/ ?

It can be interesting to compare the results to FIRECalc.
by MP123
Fri Jun 08, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: Anyone else cheap like me and have to put new $s into the asset class that's down the most?
Replies: 23
Views: 2702

Re: Anyone else cheap like me and have to put new $s into the asset class that's down the most?

Investing new funds in such a way as to return to your desired AA seems pretty normal. That would involve buying asset classes that are down, right? I guess I don't see the controversy.

Or are you just buying whatever is down for the day without regard to AA?
by MP123
Fri Jun 08, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - fidelity vs. vanguard
Replies: 20
Views: 1373

Re: Solo 401k - fidelity vs. vanguard

I think Schwab has the most flexible i401k, followed closely by Fidelity, with Vanguard a distant third. Do you have a SEP or regular IRA that you might want to consolidate into the i401k so you can do a Backdoor Roth? Vanguard's i401k doesn't accept incoming rollovers. My understanding is that you ...
by MP123
Fri Jun 08, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 96
Views: 9442

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thanks for this calculator! One thing that might be interesting (and easy) to show would be the worst case since presumably it's in your dataset already. That would give us some idea of how much variance there is depending on what claiming dates are selected. For example, if there's only a $20 diff...
by MP123
Fri Jun 08, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 96
Views: 9442

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thanks for this calculator! One thing that might be interesting (and easy) to show would be the worst case since presumably it's in your dataset already. That would give us some idea of how much variance there is depending on what claiming dates are selected. For example, if there's only a $20 diffe...
by MP123
Thu Jun 07, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidies and single LLC
Replies: 14
Views: 1296

Re: ACA subsidies and single LLC

evonboeck wrote:
Thu Jun 07, 2018 9:49 pm

One of us is missing something. I hope isn't me.
You could do the i401k employer contribution without the LLC as a sole proprietor if you wanted and your clients would accept.
by MP123
Thu Jun 07, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidies and single LLC
Replies: 14
Views: 1296

Re: ACA subsidies and single LLC

Yes, the individual 401k employer contribution is just you wearing another "hat" so to speak for both self employed and S-corp businesses.
by MP123
Thu Jun 07, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidies and single LLC
Replies: 14
Views: 1296

Re: ACA subsidies and single LLC

In addition to your 401k contribution you can also deduct your self employed health insurance premiums (but not the subsidies) and hopefully you have an HSA compatible plan and can deduct your HSA contribution also to arrive at your AGI. ACA uses MAGI which is basically AGI with municipal bond inter...
by MP123
Thu Jun 07, 2018 4:22 pm
Forum: Personal Consumer Issues
Topic: Where to buy Health Insurance?
Replies: 13
Views: 1271

Re: Where to buy Health Insurance?

If their income is too high for subsidies then their premiums will be very high. $2500/month is probably about right but maybe a little on the high side. Assuming they are both in their 60s (pre-Medicare) that may be for a Gold level plan, you might price a Bronze level for the lowest premiums but ...
by MP123
Thu Jun 07, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Adjusting Positions from UTMA
Replies: 8
Views: 455

Re: Adjusting Positions from UTMA

$155k in stocks with an $18k cost basis is a little unusual but certainly not impossible. You might double check that but if correct they've certainly done very well although they may also be very volatile. Or perhaps they were already highly appreciated when gifted into the UTMA a long time ago? Sw...
by MP123
Thu Jun 07, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: Where to buy Health Insurance?
Replies: 13
Views: 1271

Re: Where to buy Health Insurance?

If their income is too high for subsidies then their premiums will be very high. $2500/month is probably about right but maybe a little on the high side. Assuming they are both in their 60s (pre-Medicare) that may be for a Gold level plan, you might price a Bronze level for the lowest premiums but h...
by MP123
Tue Jun 05, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: First time Segway tour question
Replies: 14
Views: 984

Re: First time Segway tour question

It's not very hard to figure it out but much more pleasant in an area with paths and no cars. Much like riding a bike. In a dense urban setting I'd say 2.5 hours of dodging pedestrians, crossing streets, cars pulling into garages right in front of you and so on would be a bit mentally taxing but you...
by MP123
Mon Jun 04, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Employer-subsidized retiree health insurance questions
Replies: 19
Views: 1227

Re: Employer-subsidized retiree health insurance questions

From 55 to 65 at today's rates health insurance will likely cost you $700-1000 per person per month. And that's been increasing at double digit rates every year. You may qualify for substantial government subsidies if your income is low enough but if not it's a major expense. So 60% paid is a good d...
by MP123
Mon Jun 04, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Tax software for 2018
Replies: 20
Views: 1684

Re: Tax software for 2018

Try https://ttlc.intuit.com/questions/44090 ... -worksheet. : Thanks much, FiveK. I had some issues opening that link, but eventually got it. So here is that answer in case anyone else is interested: "If you have the Desktop program you can do a What-If worksheet. Go to Forms Mode, click Forms in t...
by MP123
Sun Jun 03, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k Employer Profit sharing contribution question
Replies: 1
Views: 186

Re: Solo 401k Employer Profit sharing contribution question

Schwab has a "Contribution Transmittal Form" that you can download and fill out. It has both the employee deferral and employer contribution on it so you may have already used it if you did the deferral part of the i401k contributions. Very simple and straightforward. I'm not sure if you can do it b...
by MP123
Sun Jun 03, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Tax software for 2018
Replies: 20
Views: 1684

Re: Tax software for 2018

Turbo Tax 2017 (desktop version) has a "What If" form that lets you model your taxes with 2018 rates, new deduction amount, and so on. It doesn't do anything with the new Section 199a deduction for qualified business income yet though. If you already have Turbo Tax 2017 just update it to get this, i...