Search found 103 matches

by IngognitoUSA
Fri Nov 02, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Roth in a high tax bracket
Replies: 14
Views: 1511

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: 702

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: 702

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: 702

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: 702

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: 1793

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: 2844

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: 25678

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: 593

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: 1462

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: 25532

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: 2618

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: 2826

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: 431

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: 431

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: 431

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: 44870

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: Investing - Help with Personal Investments
Topic: I messed up I bonds questions please help
Replies: 9
Views: 1101

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: Investing - Help with Personal Investments
Topic: I messed up I bonds questions please help
Replies: 9
Views: 1101

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: 5651

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: 1906

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: Investing - Help with Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 4041

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: 345
Views: 35829

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: 52
Views: 6668

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.
by IngognitoUSA
Sun Jun 17, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 55
Views: 5959

Re: Do you cancel old credit cards?

I close them all the time. Simply because I use them extensively online and expect numbers to be compromised. Also, some of the bonus reset every 2 years since the last statement of the card, so closing helps reset the clock. My fico has always been above 800.
by IngognitoUSA
Thu Jun 14, 2018 10:41 am
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 29
Views: 3260

Re: Suggestions for the Wiki

In any thread, can the original poster be highlighted in all replies. Makes it easier to know who op is.
by IngognitoUSA
Sat Jun 02, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 83027

Re: How much money do you want to retire?

At some point it is no longer about the money. Some of us enjoy playing the game, sort of real life monopoly. After decades of aggressive accumulation, how does one just turn off the switch and take on retirement full time.
by IngognitoUSA
Tue May 22, 2018 5:29 pm
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 30
Views: 5445

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

Any claim for tow, gas, battery jump or tire change shows up on CLUE report as a insurance claim if you use geico.
by IngognitoUSA
Thu May 10, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Recommendation For Shirts
Replies: 36
Views: 2962

Re: Recommendation For Shirts

Ctshirt, by far the best in fit, colors, style and look over the years. They do not look worn out even after a few years. They have details that are neat on cuffs, collars and buttons that are only obvious to someone paying attention to details. And as I get older, I don’t want logos on my shirt, un...
by IngognitoUSA
Sun May 06, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Real estate agents - claim thousands of ready buyers??
Replies: 19
Views: 1896

Re: Real estate agents - claim thousands of ready buyers??

We know one family (2 children) bought a small 2 BR side by side (very small) for $375,000. That's crazy, depending on the area. I know there are outliers, but for much of the country that would be unattainable. My wife and I are degreed middle class full timers and would be unable to afford that s...
by IngognitoUSA
Thu May 03, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Need advice on $5M property sale
Replies: 39
Views: 4424

Re: Need advice on $5M property sale

If I were you, I would sell half and see if the area takes off even more. This is assuming it can be sold in parcels.
by IngognitoUSA
Sat Apr 28, 2018 7:41 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 11986

Re: Wedding - financial burden on couple and attendees

wrongfunds wrote:
Sat Apr 28, 2018 6:45 am
It's usually the case that the gifts will cover the cost of the reception. Similar goes for funerals there.
WHAT? That is shocking and sad at the same time.
Korean and Filipino weddings are a cash gift affair as well.
by IngognitoUSA
Fri Apr 27, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 11986

Re: Wedding - financial burden on couple and attendees

Since this is a finance forum, it would be interesting to know how much cash gift is lost due to a destination wedding, both from reduced number of attendees and less cash given due to money spend out of pocket by attending guests. It is gauche to even expect any presents at destination wedding. I ...
by IngognitoUSA
Fri Apr 27, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 11986

Re: Wedding - financial burden on couple and attendees

Since this is a finance forum, it would be interesting to know how much cash gift is lost due to a destination wedding, both from reduced number of attendees and less cash given due to money spend out of pocket by attending guests.
by IngognitoUSA
Tue Apr 24, 2018 9:11 pm
Forum: Personal Consumer Issues
Topic: Kitchen Faucet & Sink recommendations?
Replies: 55
Views: 6005

Re: Kitchen Faucet & Sink recommendations?

Moen Arbor Motionsense Two-Sensor Touchless One-Handle High Arc Pulldown Kitchen Faucet Featuring Reflex, Spot Resist Stainless (7594ESRS)

Once you use touch less you will not go back.
by IngognitoUSA
Fri Mar 23, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Coffee maker recommendations
Replies: 41
Views: 3278

Re: Coffee maker recommendations

I agree. The future can not get here fast enough. I just want to say ‘Alexa start my day’. It should include starting coffee, turn on WiFi plugs where it can start TVs, change thermostat settings etc and a lot more.
by IngognitoUSA
Sun Mar 18, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to convert s-corp to llc?
Replies: 9
Views: 1066

Re: Does it make sense to convert s-corp to llc?

Depends on your field. Some companies only do contracts with Corporations and not LLC.
by IngognitoUSA
Sun Mar 04, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 87
Views: 10409

Re: AmEx Delta Gold Not Honoring Bonus

They have been in cost saving phase for a few years. Eventually management will move back to customer growth and start handing out sign on bonus. I think they recoup their sign on bonus cost with the fees from minimum spend.
by IngognitoUSA
Sat Mar 03, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 87
Views: 10409

Re: AmEx Delta Gold Not Honoring Bonus

Treating customers this way is guaranteed to cost more in customer acquisition in the future.
by IngognitoUSA
Mon Feb 05, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Too much Cash on side & equities out of whack: advice needed
Replies: 5
Views: 798

Re: Too much Cash on side & equities out of whack: advice needed

One tax scenario to run is contributing to NYS 529. It is deductible up to $10k for NYS income. Really depends on how much NY and NJ income you have.
by IngognitoUSA
Fri Feb 02, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to see the 1099s the IRS received
Replies: 3
Views: 720

Re: How to see the 1099s the IRS received

Do they allow review of 1099 for businesses?
by IngognitoUSA
Wed Jan 31, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to park cash
Replies: 32
Views: 3741

Re: Best place to park cash

Purepoint is 1.6
Gs Bank is 1.5
by IngognitoUSA
Tue Jan 30, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: American saving rate
Replies: 28
Views: 5530

Re: American saving rate

Does the savings rate take into consideration that a lot of income is not reported, the underground economy is about $1 Trillion. I imagine the consumption portion is closer to actual.
by IngognitoUSA
Fri Jan 26, 2018 4:13 pm
Forum: Investing - Theory, News & General
Topic: Starting to feel like the late 1990s?
Replies: 145
Views: 14457

Re: Starting to feel like the late 1990s?

Shiller called Housing in Bubble in 2003. Shiller called Stock market bubble July 2015. Shiller is supposed to be source of 'Irrational exuberance' by Greenspan in 1996. Listening to armchair economists can be injurous to your wealth. Is it different this time, who knows, but we have not had such lo...
by IngognitoUSA
Wed Jan 24, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 80
Views: 16413

Re: I-Bonds?

I purchased bonds for self and spouse for many years. I believe joint ownership but not sure. How can I tell is the same bond is appearing in my login and her login, or are they separate bonds purchased on same day, which I usually do.
by IngognitoUSA
Fri Dec 29, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning for green card parents who are citizens of India
Replies: 29
Views: 2617

Re: Estate planning for green card parents who are citizens of India

Green card holders do not have the same level of Estate tax exemption as US citizens.

How are they planning to move assets from
India to here?