Search found 176 matches

by feehater
Sat Oct 12, 2019 10:25 am
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 113
Views: 5345

Re: Taxable investment account for college?

Don't think this has been emphasized yet, but if you're in the 12% bracket you should learn about how capital gains are taxed and make sure that when you do cash out some or all of this taxable account, you don't accidentally bump yourself up into the 15% cap gains bracket. As in, better to split th...
by feehater
Sat Sep 07, 2019 7:59 am
Forum: Personal Consumer Issues
Topic: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?
Replies: 39
Views: 2782

Re: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?

Verizon requires a Verizon specific modem for their services. You can rent it or buy it (don't know about buying it used). I'm not sure this is true if you only have Internet. Verizon has some equipment outside our house, and they have updated it once when we got higher bandwidth. I'm not sure if i...
by feehater
Sat Sep 07, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: How to title a car
Replies: 42
Views: 2721

Re: How to title a car

One argument against titling it solely in your name: a few people have said that you can simply switch it to her name later, or sell it to her for $1. But in some states, sales of cars are taxed based on the value of the car, not the sale price. I'd want to make sure that whatever scheme you choose ...
by feehater
Sun Aug 18, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Moving from Bay area, CA to Knoxville, TN
Replies: 98
Views: 7151

Re: Moving from Bay area, CA to Knoxville, TN

Since you are asking from a strictly financial standpoint, I don't think it's crazy. You'll have a paid off mansion and no state income tax will mostly make up the salary difference. The only financial downside I can think of is that you will no longer have any elite public universities to send your...
by feehater
Tue Aug 13, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: Is this 25% savings?
Replies: 67
Views: 5054

Re: Is this 25% savings?

I think you are correct. Discounts are typically calculated off the full price.
by feehater
Sat Aug 03, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Where to find rates for no-cost refi?
Replies: 57
Views: 4209

Re: Where to find rates for no-cost refi?

If you do a quote on aimloan, and then click on 'see more loan options,' you can pick one a few pct points higher with a larger rebate. When you click on the arrow for the full disclosure, you can see the total costs and whether the lender rebate covers them. I am currently in the process of getting...
by feehater
Sat Jul 27, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 9234

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

So circling back to the disability question. Sounds like short term is a decent idea. Should we go through employer for this or set it up independently (if that’s even possible)? Any need to consider long term disability? So you've said giving birth is covered under the school's STD policy. The onl...
by feehater
Wed Jul 24, 2019 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Dealer provided lifetime powertrain warranty worthwhile?
Replies: 15
Views: 955

Re: Dealer provided lifetime powertrain warranty worthwhile?

My Toyota came with a lifetime power train warranty included by the dealership, but it was through a third party insurer and only required the regular maintenance to be performed at a certified shop (or possibly just needed receipts for the oil if you DIY?). The fine print also included something to...
by feehater
Sun Jul 21, 2019 4:51 pm
Forum: Personal Investments
Topic: Continue 403b or start roth ira
Replies: 65
Views: 1977

Re: Continue 403b or start roth ira

last thing, if i fund both roth ira and stop with my personal 403b will i get screwed by moving into the 22% bracket next year if filing single? i am right at $50k +- a few $100 based on stipends and with the $12k standard deduction that puts me VERY close to the $39k that is the top of the 12% bra...
by feehater
Fri Jul 12, 2019 11:01 pm
Forum: Personal Consumer Issues
Topic: Car DIY, NYC.
Replies: 33
Views: 1541

Re: Car DIY, NYC.

Another example, my check engine light came on. I read the code with a $15 code reader and googled it. Discovered that I needed a new oxygen sensor and the code even identified which one. Bought the sensor. Paid a mechanic to do the actual change. No physical labor. Probably saved 2/3 of the cost h...
by feehater
Fri Jun 28, 2019 1:43 pm
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3406

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

Yes, he pays $1,900 less in tax but that amount is not available for him to invest elsewhere as that money is actually in his TSP account. No, the TSP account has $19k in it either way. That variable is being held constant. Think of it this way. You have $20,900 in extra income.* You are going to m...
by feehater
Sat Jun 22, 2019 11:05 am
Forum: Personal Investments
Topic: My first post ... how am I doing?
Replies: 20
Views: 3137

Re: My first post ... how am I doing?

4. Then the only other thing I'd need to manage outside of my 401k and her SoloK is our taxable account Almost. ..but, if you do the backdoor Roth you will also each have a Roth IRA to manage. The backdoor Roth process can be a little tricky, especially the tax reporting part of it, so I'd recommen...
by feehater
Sat Jun 22, 2019 8:30 am
Forum: Personal Investments
Topic: My first post ... how am I doing?
Replies: 20
Views: 3137

Re: My first post ... how am I doing?

3/7: Having any traditional IRA anywhere is what messes up the backdoor Roth process. To get rid of a traditional IRA, you either have to roll it into a 401k (no tax implications), or you have to convert it into a Roth IRA and pay income taxes on it in the process. Most people obviously prefer the f...
by feehater
Wed Jun 19, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?
Replies: 39
Views: 2782

Re: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?

I'm thinking of going to Verizon Fios since they offer some deals I think in the $40-50 range. Question is, I bought a modem for Spectrum. Would I need and could I use that same modem (made by Zoom) for Verizon Fios as well, or would i need to buy another for Verizon? Does a service person come ove...
by feehater
Sun Jun 16, 2019 10:49 am
Forum: Personal Investments
Topic: Questioning our portfolio
Replies: 75
Views: 4473

Re: Questioning our portfolio

For #3... There is mostly no harm in having so many old retirement accounts, except that some might have annual fees in addition to expense ratios. If your new 401k allows transfers in, you could certainly roll all of them into that and cut down on the number of passwords to keep track of. What you ...
by feehater
Sat Jun 15, 2019 9:09 am
Forum: Personal Investments
Topic: FIRST POST - Portfolio Review - Please
Replies: 37
Views: 4101

Re: FIRST POST - Portfolio Review - Please

oh, you are right. We are right on the edge of that 22%/24%. should be 22% this year. possibly 24% next year but I guess this makes it even more important to get as much into the 401K as possible. Stay at 22% as long as I can. I edited my original post, sorry about that. Well if the good news is yo...
by feehater
Tue Jun 11, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in Nova/DC area?
Replies: 23
Views: 2273

Re: Should I buy a house in Nova/DC area?

4). If you do rent out don't do any longer term leases. My father was recalled from his last posting to be promoted to a political appointee position at State after serving only 11 months on a three year rotation. Luckily they had only done month to month or a one year lease (I forget which) and we...
by feehater
Tue Jun 04, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Relocating to Ft Belvoir, VA
Replies: 15
Views: 1394

Re: Relocating to Ft Belvoir, VA

If you're planning on using the CDCs, you might want to call around and get on their waitlists now. And possibly pick your housing based on which one you think you might use.
by feehater
Sat Jun 01, 2019 10:13 pm
Forum: Personal Investments
Topic: Pre-Military Seeking Investment Planning
Replies: 49
Views: 2624

Re: Pre-Military Seeking Investment Planning

Unless something has changed since I was in, there are no matching contributions. OP will be forced to enter under the Blended Retirement System, so s/he will have a small match, but in exchange, the defined benefit pension will only be 40% instead of 50%. Contributing up to the match should obviou...
by feehater
Thu May 30, 2019 7:37 am
Forum: Investing - Theory, News & General
Topic: G fund
Replies: 19
Views: 3231

Re: G fund

One thing you can do to somewhat avoid those withdrawal income taxes and still use the G fund: If you have any money in stocks in a taxable or Roth account, you can sell those stocks and spend that money. Then, inside the TSP you can sell the equal amount of G fund and buy stocks with it. Your total...
by feehater
Tue May 21, 2019 7:05 pm
Forum: Personal Investments
Topic: Case Study: 27. How to invest? No 401k or healthcare offered
Replies: 14
Views: 1349

Re: Case Study: 27. How to invest? No 401k or healthcare offered

OP should be able to deduct his individual health insurance plan as a business expense as long as it's not being offered from his W2 job right?
by feehater
Thu May 16, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Auto and home insurance
Replies: 10
Views: 915

Re: Auto and home insurance

In HCOL areas where the land is actually what is valuable, that might actually be the full replacement cost of the structures. How does one figure that out?
by feehater
Thu May 16, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Bank called my business manager
Replies: 49
Views: 5503

Re: Bank called my business manager

The solution would have been to get a cashier's check from the other bank, which you could have deposited at the new bank without any issue. I'm not sure this is always true either? When I went to grad school in a different part of the country I switched banks to one that existed both at home and w...
by feehater
Sun May 12, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: How much is a 0% 5 year loan worth?
Replies: 16
Views: 2187

Re: How much is a 0% 5 year loan worth?

I'm trying to figure out how much a 5 year 0% loan is worth vs what car loans for extremely good credit or paying cash for a newer used vehicle. Any help on the present value of say a 500 a month loan for 5 years and investing the difference vs 30,000 lump sum? It sounds like you are assuming that ...
by feehater
Mon Apr 22, 2019 9:26 pm
Forum: Personal Investments
Topic: Taxable Brokerage Fund Question
Replies: 23
Views: 1838

Re: Taxable Brokerage Fund Question

Sounds like you are an active duty officer (O-2 or O-3, I'm guessing). Would you be PCS ing soon? Be sure to pick a nice place like Alaska or Texas or Florida so you can claim home of residence and pay no state tax! It's definitely an advantage to be taken while you've got the chance! Also, save, s...
by feehater
Mon Apr 22, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: First post - mortgage recast vs. Roth IRA, vs taxable investing
Replies: 19
Views: 1235

Re: First post - mortgage recast vs. Roth IRA, vs taxable investing

Yes, exactly. In the meantime you can invest in taxable, pay down your mortgage, or even save up all of your 2019 Roth money in a high yield savings account for when you finally do contribute. You are, of course, welcome to go ahead and make your 2019 Roth contributions now, but every year in March ...
by feehater
Mon Apr 22, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes late (mailing state/fed tomorrow) CPA messed up....
Replies: 13
Views: 1416

Re: Paying taxes late (mailing state/fed tomorrow) CPA messed up....

So in each of the previous years, when you signed the form giving her permission to efile your taxes, you probably also signed the form with your bank account info that authorized the IRS to autodebit the correct amount? And this year you didn't realize this form was missing? That's how my ex-cpa we...
by feehater
Mon Apr 22, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: First post - mortgage recast vs. Roth IRA, vs taxable investing
Replies: 19
Views: 1235

Re: First post - mortgage recast vs. Roth IRA, vs taxable investing

If your MAGI is under the limit like you say, I would each contribute the full amount to Roth IRAs. No sense in starting a taxable account if you have Roth space available. Note that since you are near the cutoff, I would suggest waiting until tax time to do the previous year's contributions, just t...
by feehater
Thu Apr 18, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and Student Loans
Replies: 62
Views: 4439

Re: Marriage and Student Loans

I'm confused how your fiancee has 50k in salary but only take-home pay of 24k. Are you subtracting student loan payments and even rent before you get that number? Also, how is she living on $500 a month? That is incredibly impressive! I'd also add to what someone else said, be incredibly sure you're...
by feehater
Thu Apr 18, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2846

Re: Young Couple Seeking Financial Advice From Bogleheads

People keep mentioning transaction costs of buying and selling houses, and I just wanted to put a commonly seen number on it...up to 10% the value of the house, round-trip. 2-3% to buy, and 6-7% to sell. You can do your best to keep some of these down (like selling with Redfin or another discount re...
by feehater
Wed Apr 10, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Any benefits to low salary job with high income spouse?
Replies: 32
Views: 7130

Re: Any benefits to low salary job with high income spouse?

If so, wouldn't it make more sense to do that as a regular 401k rather than a roth so we get more money in there now tax free when we are taxed higher than in retirement? Thanks again! Yes, I would do a traditional solo 401k and not a Roth. Either way, the employer contribution will be traditional....
by feehater
Tue Apr 09, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Notice to vacate/late rent
Replies: 59
Views: 6008

Re: Eviction notice

You said you are a student, do you perhaps go to a large University like UNT? Some universities have legal offices to help students with landlord issues like this.
by feehater
Mon Apr 08, 2019 9:37 am
Forum: Personal Investments
Topic: Got a large tax bill, is it worth paying TurboTax etc. for tax break research?
Replies: 8
Views: 1248

Re: Got a large tax bill, is it worth paying TurboTax etc. for tax break research?

If you've already put the numbers into turbotax and gone through all the "interviews" in its software, then I think you are pretty close to your final number. Are you thinking that paying extra for their "talk to a live cpa" product will turn up new and significant savings?
by feehater
Sun Apr 07, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: "Worried about being pushed into 'higher tax bracket' "
Replies: 25
Views: 2231

Re: "Worried about being pushed into 'higher tax bracket' "

I know someone who took this a step further and tried to spread out the sporadic work he did have into as many pay periods as possible, because then the payroll systems took out less taxes per paycheck. I.e. better to make $500 this week and $500 in two weeks than make $1000 all at once. He was conv...
by feehater
Tue Apr 02, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Home refinancing question (recent first time homeowner)
Replies: 20
Views: 982

Re: Home refinancing question (recent first time homeowner)

Yes, your math looks correct. The only downside to paying closing costs is if rates keep dropping and you want to refinance again before you've broken even on this one. One of the articles you get if you Google "no fee refinance" addresses how theoretically you should choose the no-fee option every ...
by feehater
Sun Mar 31, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Putting savings on automatic
Replies: 1
Views: 407

Re: Putting savings on automatic

It's unclear to me exactly what you're asking. If you're asking if your solo 401k provider will automatically take money out of your checking account on a regular schedule, I have no idea. What I would do if I were you is try to get a better idea of what your tax situation is going to be like for 20...
by feehater
Fri Mar 29, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Income from two states for 2018, looking for tax software that can handle that
Replies: 4
Views: 233

Re: Income from two states for 2018, looking for tax software that can handle that

Having just done this myself (I moved midyear) I would not recommend TurboTax for ease of use. The online version will charge you $40 per state, and the state interfaces are next to useless. I had to look up part-year resident instructions for both states just to figure out what numbers TurboTax was...
by feehater
Thu Mar 28, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Need clarification on foreign transaction fees for international CC use
Replies: 19
Views: 1225

Re: Need clarification on foreign transaction fees for international CC use

In western Europe (France, Switzerland, Italy, Germany), I've never seen a terminal where the merchant does everything for you. The terminal always asks which currency I want to use (or if it doesn't ask, then it's EUR). Yep. The PIN primary cards mean that there is generally an interface for you t...
by feehater
Wed Mar 27, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: First Homebuyer Needs Advice
Replies: 8
Views: 963

Re: First Homebuyer Needs Advice

Well I certainly wouldn't pay much of anything, let alone 1% interest for 15 years, just to avoid an escrow account. One requirement you might want to be aware of and see if it applies to you...when I got a slightly larger 30-yr conventional mortgage last year, our lender decided to tell us a week b...
by feehater
Wed Mar 20, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Still possible to open a SEP IRA for 2018?
Replies: 7
Views: 546

Re: Still possible to open a SEP IRA for 2018?

Yes, she can still open a SEP for 2018. Later this year, when she opens a solo-401k, it would be simplest if she opens one with a company that allows her to roll the SEP into it.
by feehater
Wed Mar 20, 2019 8:58 am
Forum: Personal Investments
Topic: Question about Roth IRA income limit
Replies: 9
Views: 451

Re: Question about Roth IRA income limit

Well, for starters, when you say you "made" $203k last year, is that taking into account any pre-tax deductions like 401k and health insurance contributions? What matters is your AGI after you subtract those.
by feehater
Tue Mar 19, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question for Solo 401k
Replies: 6
Views: 350

Re: Tax question for Solo 401k

I just did the research for the sole proprietor side over the last two weeks. If you are a sole proprietor filing schedule C and schedule SE, then your employer AND employee contributions to a pre-tax solo 401k are summed and go on Schedule 1, line 28. Neither of these amounts is a deductible busin...
by feehater
Mon Mar 18, 2019 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Military Spouses Residency Relief Act
Replies: 9
Views: 711

Re: Military Spouses Residency Relief Act

The idea was to give spouses the same protection as service members in this regard. Actually, doesn't a maximalist reading of the new amendment give spouses MORE protection than the service member? Currently, a service member must still pay non resident state income tax on their non-military income...
by feehater
Sun Mar 17, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Homebuyer | Recently Engaged
Replies: 72
Views: 4989

Re: First Time Homebuyer | Recently Engaged

In re: home prices feeling like they only go up here. I was in the market for a house in the DC area last year and I made a habit of scrolling down through the redfin listing to the "previous sales" part of it. While there are a lot of homes that have appreciated, it was also not hard to find a hous...
by feehater
Wed Mar 13, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 8546

Re: Bright daughter wants to work for nonprofit

ellink wrote:
Wed Mar 13, 2019 9:22 am
" Working for a non profit" is pretty broad.
Maybe she's going to work for Vanguard!
by feehater
Tue Mar 12, 2019 8:52 pm
Forum: Personal Investments
Topic: Retirement planning tips for a freelancer
Replies: 10
Views: 603

Re: Retirement planning tips for a freelancer

Just because no one said it, a reminder that the limit for traditional and Roth IRA is the same for one person...$6k this year total between the two. So, if you were maxing out the Roth, you will have to contribute less if you want to do traditional contributions. Is there any chance, depending on t...
by feehater
Sun Mar 10, 2019 6:45 pm
Forum: Personal Consumer Issues
Topic: Three Days in DC
Replies: 83
Views: 4113

Re: Three Days in DC

Just FYI, the spy museum is closed right now until it moves and reopens in May.
by feehater
Sun Mar 10, 2019 1:10 pm
Forum: Personal Consumer Issues
Topic: Three Days in DC
Replies: 83
Views: 4113

Re: Three Days in DC

You can't just say "museums" you have to downselect. Air and Space at the mall is usually a madhouse. The one out of town (Udvar-Hazy Center) is not as bad. Natural History and American History might appeal most to the young. There are others you may consider a duty. Check for closures. Parking and...
by feehater
Wed Feb 27, 2019 6:28 pm
Forum: Personal Investments
Topic: Military Family- AA HELP!! Restructure HELP to GOALs
Replies: 9
Views: 669

Re: Military Family- AA HELP!! Restructure HELP to GOALs

You are not eligible for an HSA. Assuming your whole family is on Tricare prime, you are in the fortunate situation of having no deductibles (or premiums) at all, so in this case you don't get to use this type of account. Even the other types of Tricare have deductibles that civilians would find lau...
by feehater
Wed Feb 20, 2019 3:15 pm
Forum: Personal Investments
Topic: solo 401k question
Replies: 3
Views: 259

Re: solo 401k question

As long as you make above about $26k it won't matter, but if there's a risk you won't make that much, then yes, you should put at least some of your 19k employee contribution into your normal 401k. The employee contribution won't change the amount of the employer contribution allowed, but there is o...