Search found 127 matches

by IngognitoUSA
Sun Feb 17, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 123
Views: 9874

Re: What net worth supersedes Bogleheads’s strategy

I was reading the thread on net worth 3 million and how did you get there. At that level it was largely: marry right, stay married, two good incomes, live below your means, index investing (classic Bogleheads stuff). My question is: At what net worth level does Bogleheads Philosophy fail to carry t...
by IngognitoUSA
Sat Feb 16, 2019 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Do you tell your beneficiaries?
Replies: 69
Views: 4227

Re: Do you tell your beneficiaries?

Wills should have a ‘common tragedy’ clause, who gets money in case entire immediate family perishes in an accident. That’s when extended family and charity comes in and can get complicated. Do you tell them they might get money?
by IngognitoUSA
Thu Feb 14, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: NYC area, buying first home- where to begin?
Replies: 22
Views: 2045

Re: NYC area, buying first home- where to begin?

Ridgewood, but commute to city not quick.
by IngognitoUSA
Wed Feb 13, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Car rental drop-off fees
Replies: 18
Views: 1746

Re: Car rental drop-off fees

Maybe U-haul is cheaper.
by IngognitoUSA
Wed Feb 06, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to volunteer for layoff?
Replies: 36
Views: 3364

Re: How to volunteer for layoff?

Sometimes the layoff require cutting specify dollar amounts, based on salary and company pension contribution. If you don’t meet the criteria, you won’t make the list and tipping your hand will work against you.
by IngognitoUSA
Mon Feb 04, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: How to give notice to unresponsive landlord without his address?
Replies: 47
Views: 2855

Re: How to give notice to unresponsive landlord without his address?

The landlord might be trying to keep the deposit,fully aware that renter may not have the time to goto court, no matter how long the paper trail is.
by IngognitoUSA
Mon Feb 04, 2019 1:47 pm
Forum: Personal Consumer Issues
Topic: How to give notice to unresponsive landlord without his address?
Replies: 47
Views: 2855

Re: How to give notice to unresponsive landlord without his address?

Tell him hot water faucet is leaking. That gets attention quickly if landlord is paying the heat and water bill
by IngognitoUSA
Sat Feb 02, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is a Backdoor Roth IRA worth it?
Replies: 44
Views: 2917

Re: Is a Backdoor Roth IRA worth it?

If you move your low cost Ira investments into 401k to avoid pro-rata rules, you end up paying 401k fees. These fees have hardly been transparent in most mega Corp plans. Interesting. In one of my megacorp plans I have access to institutional class shares at .02%. But I pay an annual admin fee of $...
by IngognitoUSA
Sat Feb 02, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Is a Backdoor Roth IRA worth it?
Replies: 44
Views: 2917

Re: Is a Backdoor Roth IRA worth it?

If you move your low cost Ira investments into 401k to avoid pro-rata rules, you end up paying 401k fees. These fees have hardly been transparent in most mega Corp plans.
by IngognitoUSA
Thu Jan 31, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: Hyatt Legal Plan for Will and Trust
Replies: 52
Views: 2683

Re: Hyatt Legal Plan for Will and Trust

Any referrals in NJ for a decent attorney? Prefer a larger firm rather than single attorney.
by IngognitoUSA
Mon Jan 28, 2019 8:54 pm
Forum: US Chapters
Topic: How Did You End Up Here?
Replies: 58
Views: 3672

Re: How Did You End Up Here?

Had signed up long time back but hardly came here, too dry. (Sorry). Finally migrated here after fatwallet finance shut down.
by IngognitoUSA
Thu Jan 24, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Safe to consider early retirement at 42 vs benefit of sticking it out?
Replies: 75
Views: 6131

Re: Safe to consider early retirement at 42 vs benefit of sticking it out?

I have learned not to leave jobs too early. Many things change in corporate America that bring opportunities that can’t be seen now.
by IngognitoUSA
Fri Jan 18, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring in NJ, no taxes?
Replies: 10
Views: 1102

Re: Retiring in NJ, no taxes?

And NJ no longer has Estate tax for close family.
by IngognitoUSA
Wed Jan 16, 2019 4:41 pm
Forum: Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16814

Re: Why are your NOT buying rental properties?

Almost sounds like being a property manager is good businesss to be in.
by IngognitoUSA
Tue Jan 15, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing
Replies: 12
Views: 663

Re: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing

Have been filing 5500 for years. Can I now switch to 5500-sf. Hate that 5500 is public.
by IngognitoUSA
Sat Jan 12, 2019 6:12 am
Forum: Personal Investments
Topic: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.
Replies: 29
Views: 5612

Re: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.

Since you are not planning on having kids I recommend providing charity in your old neighborhood, money and time. It will give you reason to keep working even after you have [(removed) --admin LadyGeek] and kindness is good for the soul. Purely a personal choice, you don’t owe anyone anything
by IngognitoUSA
Fri Jan 11, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 81
Views: 5764

Re: How did you solve the pre-medicare healthcare riddle?

It is virtually impossible to be employed from 21 to 65 without interruption. Is there a wiki that provides list of employers for p/t work and health benefits. Or other strategies such as enrolling in college or moving to healthcare friendly states? This is assuming that you can’t get subsidies for ...
by IngognitoUSA
Thu Jan 10, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5139

Re: Diagnosing Knee Problems over the Phone - Medicare

The way I see it, there is an artificial shortage of Orthopedic surgeons. Since when do we ration in America, we always find a solution. What do you mean by "artificial" shortage? And of course we ration in America. Google Narrow Networks. Insurance companies ration by limiting the number of in-net...
by IngognitoUSA
Thu Jan 10, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Diagnosing Knee Problems over the Phone - Medicare
Replies: 119
Views: 5139

Re: Diagnosing Knee Problems over the Phone - Medicare

The way I see it, there is an artificial shortage of Orthopedic surgeons. Since when do we ration in America, we always find a solution.
by IngognitoUSA
Sat Jan 05, 2019 8:25 am
Forum: Personal Consumer Issues
Topic: How old is too old to buy a house?
Replies: 50
Views: 4123

Re: How old is too old to buy a house?

Remember, you are the Super of your house. House maintenance takes a lot of time and money.
by IngognitoUSA
Fri Dec 28, 2018 9:03 am
Forum: Personal Consumer Issues
Topic: Shoes to wear with jeans to the office?
Replies: 87
Views: 5698

Re: Shoes to wear with jeans to the office?

Original Penguin.
by IngognitoUSA
Sat Nov 24, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Furniture for first adult apartment
Replies: 29
Views: 2599

Re: Affordable Furniture for first adult apartment

wayfair.com

Careful about used furniture, you don't want bed bugs.
by IngognitoUSA
Fri Nov 02, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Roth in a high tax bracket
Replies: 14
Views: 1565

Re: Roth in a high tax bracket

Employer 401k tends to have higher fees than iras. You should take that into consideration before moving Ira money to 401k.
by IngognitoUSA
Wed Oct 31, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life from $1MM to $2MM questions
Replies: 8
Views: 724

Re: Term Life from $1MM to $2MM questions

Thanks for your responses, have something to think about.
by IngognitoUSA
Wed Oct 31, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life from $1MM to $2MM questions
Replies: 8
Views: 724

Re: Term Life from $1MM to $2MM questions

Thanks for the responses. Is setup of ITIL expensive. The purpose is to ensure cash infusion in case inheritance tax is due in the next 30 years. Does cholesterol medication increase quote significantly. Is your estate valued over $11.2M or projected to be? Very few people are subject to the estate...
by IngognitoUSA
Wed Oct 31, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life from $1MM to $2MM questions
Replies: 8
Views: 724

Re: Term Life from $1MM to $2MM questions

Thanks for the responses. Is setup of ILIT expensive.
The purpose is to ensure cash infusion in case inheritance tax is due in the next 30 years.
Does cholesterol medication increase quote significantly.
by IngognitoUSA
Wed Oct 31, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life from $1MM to $2MM questions
Replies: 8
Views: 724

Term Life from $1MM to $2MM questions

Hi, Have a Term Life of $1MM purchased 16 years back, 30 year flat premium. Premium $975 Wish to get coverage for another $1MM for 30 year flat premium. Getting quote $2500. 1 Is getting a second policy the best way to go about it? 2. Any benefit on trying to get the 1st policy to double and extend ...
by IngognitoUSA
Fri Oct 26, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Working in NYC: Live in NY or NJ for tax optimization?
Replies: 25
Views: 1896

Re: Working in NYC: Live in NY or NJ for tax optimization?

Eventually you may have to think about Inheritance tax. NJ did away with most inheritance tax while NY has it over estate of $5mm and change.
by IngognitoUSA
Wed Oct 24, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: How often does Costco have the deals on 4 Michelin tires?
Replies: 36
Views: 3490

Re: How often does Costco have the deals on 4 Michelin tires?

If you want to take chances, Sears gives back $300 in points for auto services over $300. The points are $25 per month for a year. If sears survives you can get tires for next to nothing.
by IngognitoUSA
Tue Oct 23, 2018 6:24 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 26236

Re: PSA: Don't buy a big house

Best to buy a home that is 5 years old, all the major kinks have been worked out and finishing touches put in place. We learned that window treatment would cost about $15k on our house had we bought it new.
by IngognitoUSA
Mon Oct 15, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: British Airways AVIOS Points
Replies: 9
Views: 612

Re: British Airways AVIOS Points

Use it for experiences. Will keep the miles alive for 3 more years after activity.
by IngognitoUSA
Fri Sep 28, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: Counterfeits benefit Amazon
Replies: 14
Views: 1489

Re: Counterfeits benefit Amazon

Lots of fake Gillette shaving blades, not gray market, just fakes.
by IngognitoUSA
Tue Sep 25, 2018 9:19 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 26212

Re: What is your single most expensive mistake?

Would be nice to start a thread on what mistake People are currently making and how people can give sound advice, instead of a new thread each time. For ex. I have money in bank earning 2%, would love to know if I can do better without putting in stock.
by IngognitoUSA
Mon Sep 24, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: Is "earn and burn" the right travel rewards strategy?
Replies: 24
Views: 2664

Re: Is "earn and burn" the right travel rewards strategy?

It’s very easy to keep points alive. Just shop through shopping portals. For current list, use evreward. For tracking miles and expiration use AwardWallet
by IngognitoUSA
Mon Sep 24, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: NYC weekend house: your experiences?
Replies: 18
Views: 2885

Re: NYC weekend house: your experiences?

Remember, NJ no longer has Estate tax. NY has a cliff estate tax plan.
by IngognitoUSA
Sun Sep 23, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question - NY K1
Replies: 5
Views: 455

Re: Tax Question - NY K1

Thank you. So if the Federal K-1 is let's say $100K, with no income from NJ, line 21 on NJ Tax form will be closer to $100K than $0k. Sorry to sound so basic, I really am not good with forms and need to ensure my accountant is doing it correct. The $100K is on the NYS Non resident tax form as well a...
by IngognitoUSA
Sun Sep 23, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question - NY K1
Replies: 5
Views: 455

Re: Tax Question - NY K1

Thank you for the clarification. I guess the Business income reported on K1 is reported on NYS non-resident Tax Form and NJ Resident Tax Form. Tax amount is calculated and taxes paid is credited on the state tax form. I was not sure if NYS K-1 Business Income amount needs to be added to NJ Resident ...
by IngognitoUSA
Sun Sep 23, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question - NY K1
Replies: 5
Views: 455

Tax Question - NY K1

Hi,

I received a NY K1 with all income attributable to NY. A NY non-resident tax return will include that amount.
However, do I include that amount in NJ 1040R, line 21? Or is that amount not reported on that line.
I am a NJ resident.

Thank you
by IngognitoUSA
Fri Sep 07, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 46635

Re: Lucrative careers?

In software you only make money if you are a revenue generator, otherwise you are a cost center and will be replaced with the lowest salary the company can get away with. That confines it to tech companies while most back office is relatively underpaid.
by IngognitoUSA
Tue Sep 04, 2018 6:15 pm
Forum: Personal Investments
Topic: I messed up I bonds questions please help
Replies: 9
Views: 1156

Re: I messed up I bonds questions please help

HueyLD wrote:
Tue Sep 04, 2018 5:11 pm
No. There is only one primary owner and only bonds registered to the primary owner will show up with his/her login.

As I said previously, the secondary owner is treated like a beneficiary for practical purposes.
Thanks
by IngognitoUSA
Tue Sep 04, 2018 5:08 pm
Forum: Personal Investments
Topic: I messed up I bonds questions please help
Replies: 9
Views: 1156

Re: I messed up I bonds questions please help

Silly question, but do the same bonds show up on both accounts in the balance if there are 2 registered people on the bonds and each had their own logon to Treasury Direct?
by IngognitoUSA
Mon Aug 27, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: Planning for an Indian wedding In NY/ NH area.
Replies: 96
Views: 5811

Re: Planning for an Indian wedding In NY/ NH area.

A NH destination wedding will cut the number of attendees. Not everyone wants to pay for hotels unless you are close enough. As for red flag, could not disagree more. Wedding are important to Indians and if they are planning a $100k wedding, there is family wealth that you will get in the future.
by IngognitoUSA
Thu Jul 26, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Help Please!! Contract payments not being paid
Replies: 16
Views: 1921

Re: Help Please!! Contract payments not being paid

Depends how big the prime vendor is, if it is a smallish shop they might be collecting payment from Client and stiffing you before they declare bankruptcy. Or, some of them sell their invoices and bail out. If the prime vendor is large, then ask the Client what to do, this can be very disruptive to ...
by IngognitoUSA
Sat Jun 23, 2018 7:51 am
Forum: Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 4090

Re: Is this all investing is?

Youth is wasted on the young.

You will never be young again, remember to have a good time and make memories.
by IngognitoUSA
Thu Jun 21, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 408
Views: 42235

Re: What is/ was your career and would you recommend it now?

Very few jobs these days seem immune from ageism, IT being the worst.
by IngognitoUSA
Wed Jun 20, 2018 6:04 am
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 53
Views: 7200

Re: General Electric booted from Dow Jones Industrial Average

Does it make sense to buy WBA. What is the history when stock gets added to DOW.