Search found 431 matches

by KATNYC
Mon Jun 11, 2018 4:28 pm
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3061

Re: Can we discuss whisk?

We have a Matfer whisk. All others would rust easily.
by KATNYC
Mon Apr 09, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: How much money can a CPA save you?
Replies: 52
Views: 6191

Re: How much money can a CPA save you?

We used a CPA after being audited a few years ago. We had to pay the IRS a substantial amount, but not nearly as much as they initially said we owed during the audit. We had several rental properties at the time, which have long since been sold. We are changing CPA's for 2018 or doing the taxes on o...
by KATNYC
Mon Apr 09, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 11257

Re: Cash flow problems - best way to handle?

I agree that a single mom with two kids needs a reliable car so keeping the car is probably a good idea if you plan to keep it for 10-15 years. For others though: the car ship has not sailed. Not sure why so many people say that. I know someone who had a $900 luxury car payment. His girlfriend (now ...
by KATNYC
Mon Apr 09, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Should I Do My Own Taxes Or Pay A CPA $500?
Replies: 65
Views: 6720

Re: Should I Do My Own Taxes Or Pay A CPA $500?

We used a CPA after being audited a few years ago. We had to pay the IRS a substantial amount, but not nearly as much as they initially said we owed during the audit. We had several rental properties at the time, which have long since been sold. We are changing CPA's for 2018 or doing the taxes on o...
by KATNYC
Mon Apr 09, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 11257

Re: Cash flow problems - best way to handle?

I am posting my monthly budget. I currently have about 100K in home equity, 350K in retirement accounts, and about 20 years until retirement. At this time, my monthly SSN payment (at 66) would be about $2244. I also get a substantial amount back in taxes - this year about $6500. Unfortunately I spe...
by KATNYC
Mon Apr 09, 2018 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Investment in a corporation goes belly up. How to file
Replies: 5
Views: 684

Re: Investment in a corporation goes belly up. How to file

Our CPA just uploaded our completed taxes this morning. Our partnership (K-1s issued) is reported on line 17 of the 1040 and also on schedule E.
by KATNYC
Thu Feb 08, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9919

Re: Tenants want to break lease early and is pregnant

Our great tenants are having their first child and suddenly want to leave 2 months early of their second 1 year lease. Just wondering if I should take any actions such as keeping part of the deposit, pet deposit or something or just let it go and wish the young kids well. I know some might say you ...
by KATNYC
Wed Feb 07, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice with Lively HSA Investment Options - TDA
Replies: 8
Views: 1506

Re: Need Advice with Lively HSA Investment Options - TDA

We had a similar issue with TDAM removing all the fee free Vanguard options.
We ended up buying DGS WisdomTree Emerging Markets Small Cap Dividend Fund
Our ROTHs are with Vanguard and 401K is in CITs.
It makes rebalancing more work but those are the options we had.
by KATNYC
Wed Feb 07, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: House renovation financing
Replies: 17
Views: 1466

Re: House renovation financing

We did a gut renovation (had to move out for months) and used a HELOC. At the time we had no mortgage.
We refinanced the HELOC into a 10/1 ARM mortgage. It was the fastest way for us given the timeframe for the contractor and sublet.
by KATNYC
Wed Feb 07, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Save on taxes by putting bonus in 401k?
Replies: 18
Views: 2610

Re: Save on taxes by putting bonus in 401k?

Every March my company gives a once per year bonus that is based on the company's performance in the previous calendar year and a percentage of my annual salary. This particular piece of income is taxed at a higher rate than my normal income. I'm not really sure why. Maybe someone can shed some lig...
by KATNYC
Tue Feb 06, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 16985

Re: Vanguard site is crashed now?

I heard a commentator mention today that the market would be busy between 3 pm - 4pm due to computer generated trades. I caught the end of it so I'm not sure if she meant this is a daily issue. I know some robo advisors trade at a specific time of day. I thought about selling VFSVX yesterday to buy ...
by KATNYC
Tue Feb 06, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 6368

Re: Still waiting to invest?

Nothing has changed for us. We invest automatically every payday into 401K & ROTH (Vanguard).
We added HSA direct deposits last month which requires a transfer to TDAM to invest.
by KATNYC
Tue Feb 06, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: "Bitcoin is my potential pension"
Replies: 54
Views: 8702

Re: "Bitcoin is my potential pension"

Bitcoin is all the rage but some people don't seem to understand it despite their investment. And therein lies some of the problem. People are conditioned to move ahead on things they don't understand. People don't understand how their car works, they still drive. They don't understand stocks vs. b...
by KATNYC
Mon Feb 05, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficiency of ETF's
Replies: 19
Views: 1637

Re: Tax Efficiency of ETF's

We are swapping out VFSVX for VSS - mutual fund for ETF. It's not due to tax efficiency but because we prefer VSS or Small Cap Value. This makes no sense; what does "we prefer VSS or SCV" mean? The only reason to prefer VSS over VFSVX is expense ratio as they are the same fund. Yes, need to edit. T...
by KATNYC
Mon Feb 05, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: "Bitcoin is my potential pension"
Replies: 54
Views: 8702

Re: "Bitcoin is my potential pension"

Bitcoin is all the rage but some people don't seem to understand it despite their investment. There are bitcoin machines (like ATMs) in NYC and the convenience store owner when asked about it couldn't explain. It seems he is just being paid to have the machine in the store. A couple of people did co...
by KATNYC
Mon Feb 05, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficiency of ETF's
Replies: 19
Views: 1637

Re: Tax Efficiency of ETF's

We are swapping out VFSVX for VSS - mutual fund for ETF. It's not due to tax efficiency but because we prefer VSS or Small Cap Value. This makes no sense; what does "we prefer VSS or SCV" mean? The only reason to prefer VSS over VFSVX is expense ratio as they are the same fund. Yes, need to edit. T...
by KATNYC
Mon Feb 05, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficiency of ETF's
Replies: 19
Views: 1637

Re: Tax Efficiency of ETF's

We are swapping out VFSVX .27 ER for VSS .13 ER - mutual fund for ETF.
by KATNYC
Mon Feb 05, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Maxed, Have More To Invest
Replies: 5
Views: 754

Re: Roth IRA Maxed, Have More To Invest

Setting up an HSA is quick, presuming you qualify.
We went with Lively for our HSA since it's strictly for investment purposes.
by KATNYC
Sun Feb 04, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Understanding new tax table withholding rates
Replies: 18
Views: 1715

Re: Understanding new tax table withholding rates

If withholding rates are being lowered so folks have more money right now in their pockets, but solid middle class people - 100K to 200K - are not expected to see overall decreases in their taxes, then is this change in rates simply eyewash for most of us? Will it in result in a need to pay more at...
by KATNYC
Sat Feb 03, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: Understanding new tax table withholding rates
Replies: 18
Views: 1715

Re: Understanding new tax table withholding rates

If withholding rates are being lowered so folks have more money right now in their pockets, but solid middle class people - 100K to 200K - are not expected to see overall decreases in their taxes, then is this change in rates simply eyewash for most of us? Will it in result in a need to pay more at...
by KATNYC
Fri Feb 02, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 261
Views: 38578

Re: New HSA provider Lively offers investments for $30/yr fee

Transfer of cash posted with TDAM this morning around 2 am per the time stamp. The Lively fee for January was .48 prorated. I loved that they prorated the investment fee for the first month. Who does that? Lively charged me $1.05 on November 1, for my October investment fee. My former custodian cer...
by KATNYC
Fri Feb 02, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 261
Views: 38578

Re: New HSA provider Lively offers investments for $30/yr fee

Direct deposit hit today at my bank. I got an email from Lively that my HSA contribution posted. I logged in and do not see it posted but it may take a bit to fully process. It showed up by the time I logged in this morning and shows as contributed 1/31. I transferred the funds to TDAM. Interesting...
by KATNYC
Thu Feb 01, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 261
Views: 38578

Re: New HSA provider Lively offers investments for $30/yr fee

Direct deposit hit today at my bank. I got an email from Lively that my HSA contribution posted. I logged in and do not see it posted but it may take a bit to fully process. It showed up by the time I logged in this morning and shows as contributed 1/31. I transferred the funds to TDAM. Interesting...
by KATNYC
Thu Feb 01, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Changing my w4
Replies: 9
Views: 1008

Re: Changing my w4

We are getting a state refund but have to pay federal. I used this calculator to determine how much we will owe for 2018: http://www.moneychimp.com/features/tax_calculator.htm If you check this calculator, it will let you see what changing the allowances will do your paycheck. I should up it to 24 a...
by KATNYC
Thu Feb 01, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 9065

Re: What advice would you give yourself if you were 27 again?

Hi All! I've been looking around for awhile, and finally decided to get some insight for myself. Finished reading The Bogleheads' Guide to Investing not too long ago. Hoping to start the new year off on the right track. Long story short, my goal is to check in and see if my approach makes sense. Ag...
by KATNYC
Thu Feb 01, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 9065

Re: What advice would you give yourself if you were 27 again?

Buy and hold Facebook and Amazon.
Pay off student loans ASAP.
by KATNYC
Thu Feb 01, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 9625

Re: How much have kids added to your personal finance/expenses?

Childcare $4,000? Where do you live? The cheapest we've seen in our area is $250/week for infants for in-home daycare providers. Daycare centers we looked at range from $16K - $24K per year. We don't have kids but have been talking about it. We know a couple of families who decided dad staying home...
by KATNYC
Thu Feb 01, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 261
Views: 38578

Re: New HSA provider Lively offers investments for $30/yr fee

KATNYC wrote:
Wed Jan 31, 2018 11:58 pm
Direct deposit hit today at my bank. I got an email from Lively that my HSA contribution posted.
I logged in and do not see it posted but it may take a bit to fully process.
It showed up by the time I logged in this morning and shows as contributed 1/31. I transferred the funds to TDAM.
by KATNYC
Wed Jan 31, 2018 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 261
Views: 38578

Re: New HSA provider Lively offers investments for $30/yr fee

Direct deposit hit today at my bank. I got an email from Lively that my HSA contribution posted.
I logged in and do not see it posted but it may take a bit to fully process.
by KATNYC
Wed Jan 31, 2018 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: MFJ 2 allowances underpayment penalty
Replies: 16
Views: 1206

Re: MFJ 2 allowances underpayment penalty

I was married in 2016 and that's the first year I had to pay taxes. We were married mid-year and had to pay about $1700. This year, however, after being married all of 2017 our initial taxes owed were around $3k federal after I entered income and before I entered itemized deductions (charitable con...
by KATNYC
Wed Jan 31, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: MFJ 2 allowances underpayment penalty
Replies: 16
Views: 1206

Re: MFJ 2 allowances underpayment penalty

I was married in 2016 and that's the first year I had to pay taxes. We were married mid-year and had to pay about $1700. This year, however, after being married all of 2017 our initial taxes owed were around $3k federal after I entered income and before I entered itemized deductions (charitable con...
by KATNYC
Wed Jan 31, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 9625

Re: How much have kids added to your personal finance/expenses?

Childcare $4,000? Where do you live? The cheapest we've seen in our area is $250/week for infants for in-home daycare providers. Daycare centers we looked at range from $16K - $24K per year. We don't have kids but have been talking about it. We know a couple of families who decided dad staying home...
by KATNYC
Tue Jan 30, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 9625

Re: How much have kids added to your personal finance/expenses?

Childcare $4,000? Where do you live? The cheapest we've seen in our area is $250/week for infants for in-home daycare providers. Daycare centers we looked at range from $16K - $24K per year. We don't have kids but have been talking about it. We know a couple of families who decided dad staying home ...
by KATNYC
Tue Jan 30, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Personal Capital, Mint, Tiller, or You Need a Budget?
Replies: 38
Views: 5161

Re: Does anyone use Personal Capital, Mint, Tiller, or You Need a Budget?

We used Mint for well over a year but it was not really helpful since there was no active budgeting, just looking overspending after the fact. We use YNAB, have for about 2 years. We use Personal Capital off and on. 401K uses CITs not mutual funds so we had to find comparable tickers to make Persona...
by KATNYC
Sun Jan 28, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 261
Views: 38578

Re: New HSA provider Lively offers investments for $30/yr fee

indexfundfan wrote:
Fri Jan 26, 2018 7:15 am
I noticed Lively provides a set of ABA/Acc numbers. Has anyone tried pushing money into Lively through ACH?
I set up a direct deposit from my paycheck to Lively. The first deposit is next week. I will update here on how long it takes.
by KATNYC
Sat Jan 27, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R and 5498 - 2016 tIRA conversion to ROTH 2016
Replies: 5
Views: 389

Re: 1099-R and 5498 - 2016 tIRA conversion to ROTH 2016

Note that even though the 5498 forms are issued in May, they will not report your Roth conversion contribution either because it was done in 2018. The conversion will appear on your 2018 5498 that you will receive in May, 2019. Thanks! I did make a note of it. The accountant says he won't need the ...
by KATNYC
Sat Jan 27, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: I don't think my lady is very good at saving money, how do I handle?
Replies: 50
Views: 4158

Re: I don't think my lady is very good at saving money, how do I handle?

So we've been together for 2.5 years and live together. I basically cover rent, pay insurances, etc. and I don't mind this part. But sometimes she gets particular about buying things, that she needs them. For some of her work she needs it and perhaps I'm just too thrifty/stingy with money. She boug...
by KATNYC
Sat Jan 27, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R and 5498 - 2016 tIRA conversion to ROTH 2016
Replies: 5
Views: 389

Re: 1099-R and 5498 - 2016 tIRA conversion to ROTH 2016

Thanks! Good to know we don't need to wait on Vanguard documents.
Taxes are 93% done. Still waiting on 1099-INT & 1099-DIV.
by KATNYC
Sat Jan 27, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R and 5498 - 2016 tIRA conversion to ROTH 2016
Replies: 5
Views: 389

1099-R and 5498 - 2016 tIRA conversion to ROTH 2016

We made tax-deductible contributions to tIRA's in 2016 that were converted to ROTH's this month. I see on the Vanguard site that the 1099-R's issued in mid-January (before we did the conversion). Should we expect 1099-R forms? Or file taxes without them? I see that the 5498 forms are not issued unti...
by KATNYC
Fri Jan 26, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: New withholding effective?
Replies: 13
Views: 1160

Re: New withholding effective?

Spirit Rider wrote:
Fri Jan 26, 2018 9:17 pm
02/15/2018.
+1
Megacorp Finance Manager said 2018 withholding needs to be updated by 2/15/18 payroll.
by KATNYC
Fri Jan 26, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a condo in NYC?
Replies: 18
Views: 2244

Re: Buying a condo in NYC?

This reads like an investment property since you will be living with a roommate while your sister & her BF live in the condo & rent out the second bedroom. I would never invest $800K into an apartment if I only plan to be in for 3-5 years in NYC only to rent it out. Is your approval for a primary re...
by KATNYC
Fri Jan 26, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 69
Views: 6834

Re: Ways to Protect Assets Without a Prenup

I am not a divorce lawyer. Even with a prenuptial agreement, a judge doesn't have to honor it. If sharing assets is a concern, you should probably just have a commitment ceremony and get a domestic partnership agreement. Marriage conveys rights that it appears you want to avoid. You need to divide m...
by KATNYC
Fri Jan 26, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: I got $3 federal refund from my 2017 tax return.
Replies: 10
Views: 2048

Re: I got $3 federal refund from my 2017 tax return.

You won! I wish I could duplicate that.
We have been trying to avoid refunds for years. It's generally a wash with paying federal with a refund from state that covers that payment or vice versa. Last year we had a bit of a refund after the payment.
by KATNYC
Fri Jan 26, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Warning on "free" Morningstar trial
Replies: 37
Views: 7912

Re: Warning on "free" Morningstar trial

... I used a disposable credit card number with $1 limit and one-time use just in case they attempt to charge it. Is there any reason to think that Morningstar will charge your card after you’ve cancelled the account? Or that your bank will not reverse the charges if Morningstar do make that charge...
by KATNYC
Fri Jan 26, 2018 12:56 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX vs VTI [Vanguard Total Stock Market - Mutual fund vs. ETF]
Replies: 30
Views: 39064

Re: VTSAX vs VTI [Vanguard Total Stock Market - Mutual fund vs. ETF]

We want to swap out VISVX for VSMVX Vanguard S&P Small-Cap 600 Value Index Fund but that requires $5,000,000 so we have to buy the ETF: VIOV Yeah, I know sometimes you can be so close but you just can't make the minimum. I've often fantasized about getting VSMPX (An alternative institutional Plus c...
by KATNYC
Fri Jan 26, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 97
Views: 7179

Re: ID theft and check cashing fraud

This is insanity! A thief from the gym bought Verizon phones, Kohl's goods, Lowe's goods & now possibly financed 2 cars in addition to bounced checks. This cannot be one person. It's just not possible since they didn't steal enough info at the gym to do all of this. It's very likely not one person,...
by KATNYC
Thu Jan 25, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 97
Views: 7179

Re: ID theft and check cashing fraud

This happens a few thousand times a day in the USA. If you think you are going to ask the local police department to assign an investigator to something this small you are mistaken. At which point and in which amount does it become worthy of investigation, in your estimation, and who should make th...
by KATNYC
Thu Jan 25, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Blooom Robo Advisor for 401k asset allocation
Replies: 5
Views: 714

Blooom Robo Advisor for 401k asset allocation

Anyone using Bloom for asset allocation? Yes, it has 3 o's. :confused I tested it out with the free trial but am not convinced it's worthwhile since it's not accurate. It only analyzes 401k accounts and analyze CIT's. The 401K has CITs with 91% of holdings. Similar funds/ticker are noted: Large Cap ...
by KATNYC
Thu Jan 25, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: High Yield Savings Account Recommendations?
Replies: 48
Views: 5068

Re: High Yield Savings Account Recommendations?

We have 2 Max Checking accounts with Lake Michigan Credit Union 3% on balances up to $15,000 Easy monthly usage requirements: Direct deposit into any LMCU account (transfer $10 minimum from another account, automated) Minimum of 10 posted debit card purchases per month (add .50 to Amazon gift card ...