Search found 768 matches

by CodeMaster
Sun Nov 22, 2020 1:02 am
Forum: Personal Investments
Topic: What's the process of using the CARES Act for withdrawing?
Replies: 15
Views: 1045

Re: What's the process of using the CARES Act for withdrawing?

This is interesting question, is there a way to sell $100k in 2020 and then start the technical tax receiving of it 2021 instead of 2020?
by CodeMaster
Sat Nov 21, 2020 5:54 pm
Forum: Personal Investments
Topic: What's the process of using the CARES Act for withdrawing?
Replies: 15
Views: 1045

Re: Whats process of using the CARES Act for withdrawling ?

FiveK wrote: Sat Nov 21, 2020 2:32 pm What do you mean by "traditional roth"?
Sorry meant IRA! Fixed now, thanks!
by CodeMaster
Sat Nov 21, 2020 1:24 pm
Forum: Personal Investments
Topic: What's the process of using the CARES Act for withdrawing?
Replies: 15
Views: 1045

What's the process of using the CARES Act for withdrawing?

I understand this year we can pull up to 100k by end of this year without penalty and split the taxable amount into next 3 years. So I was wondering say I had $100k in Fidelity traditional IRA, what exactly is the best and proper process? Do I just sell 100k and transfer to bank then use Turbotax to...
by CodeMaster
Tue Nov 03, 2020 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get tax deduction for donations to Goodwill?
Replies: 15
Views: 1679

Re: Can I get tax deduction for donations to Goodwill?

Charitable donations are one of several deduction possibilities that are entered on to Schedule A if appropriate. Schedule A is used for "itemizing your deductions". Turbotax will automatically fill this out for you IF the data you enter makes it financially better for you. Alternatively,...
by CodeMaster
Tue Nov 03, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Can I get tax deduction for donations to Goodwill?
Replies: 15
Views: 1679

Can I get tax deduction for donations to Goodwill?

So I am single and I have a s-corp for business. Every year I usually donate somethings to Goodwill, get a receipt and when I punch it in Turbotax it always deducts some taxes. Researching online Im really confused how it works, lot sites say your taxes have to be itemized but I dont believe I itemi...
by CodeMaster
Sat Oct 24, 2020 11:48 am
Forum: Personal Investments
Topic: Can I transfer ROTH or Traditional funds to parents to sell and avoid penalty tax?
Replies: 7
Views: 649

Re: Can I transfer ROTH or Traditional funds to parents to sell and avoid penalty tax?

Based on all of your comments and more research of my own as best I could find the data, I would conclude it appears everything said here is correct. I CAN actually GIFT it to parents, but it would count as a 100% normal taxable withdrawal with penalty. However interesting useful fact I just learned...
by CodeMaster
Sat Oct 24, 2020 12:46 am
Forum: Personal Investments
Topic: Can I transfer ROTH or Traditional funds to parents to sell and avoid penalty tax?
Replies: 7
Views: 649

Can I transfer ROTH or Traditional funds to parents to sell and avoid penalty tax?

I was wondering if I needed the cash, could I transfer my Roth or Traditional IRA to parents (they dont work and have any income except social security distributions) to sell and access the cash without 10% penalty for early withdrawals?

Truly appreciate any tips!! :beer :sharebeer
by CodeMaster
Mon Oct 12, 2020 1:27 pm
Forum: Personal Investments
Topic: Aunt wants help with finances, insists I get a middle name for added security?
Replies: 55
Views: 4403

Re: Aunt wants help with finances, insists I get a middle name for added security?

That is a really good idea! I will also do that on top of all. Thank you ALL for your replies. I truly appreciate the help. Based on the replies it doesnt sound like it helps with anything and after tad more research it does seem like I need to update my docs EVERYWHERE, every single of them using o...
by CodeMaster
Mon Oct 12, 2020 12:53 pm
Forum: Personal Investments
Topic: Aunt wants help with finances, insists I get a middle name for added security?
Replies: 55
Views: 4403

Re: Aunt wants help with finances, insists I get a middle name for added security?

Thank you ALL for your replies. I truly appreciate the help. Based on the replies it doesnt sound like it helps with anything and after tad more research it does seem like I need to update my docs EVERYWHERE, every single of them using old names from drivers license to social security to mortgage lo...
by CodeMaster
Sun Oct 11, 2020 1:18 pm
Forum: Personal Investments
Topic: Aunt wants help with finances, insists I get a middle name for added security?
Replies: 55
Views: 4403

Aunt wants help with finances, insists I get a middle name for added security?

Hi, My Aunt is getting really old and wants me to help out managing finances. She mentioned possible power of attorney. She REALLY insists I change my name and add a middle name so refer to me with a middle initial. I was wondering a few things... 1. Does it help with anything? I figured social and ...
by CodeMaster
Wed Oct 07, 2020 4:31 pm
Forum: Investing - Theory, News & General
Topic: Is investing through money sitting in s-corp a good idea?
Replies: 2
Views: 269

Is investing through money sitting in s-corp a good idea?

I have cash in a s-corp business bank account mainly sitting in there. I was wondering would it be ok to open Fidelity / Vanguard business account and invest it the same way I do personal accounts? I understand profits would be reported that year along with losses, Im guessing Fidleity/Vanguard will...
by CodeMaster
Fri Aug 21, 2020 8:28 pm
Forum: Personal Consumer Issues
Topic: Intermittent fasting: 2 meals to 1 meal a day?
Replies: 23
Views: 2223

Re: Intermittent fasting: 2 meals to 1 meal a day?

I've been experimenting with daily intermittent fasting for a few months and, after a few days of adjustment, find that I quite like it. My schedule has been: Black coffee in the morning Lunch around 11:30 Dinner usually done by 7 I'm pretty hungry by 11:30 and tend to eat a larger lunch, such that...
by CodeMaster
Wed Jul 29, 2020 9:18 pm
Forum: Personal Investments
Topic: Poor service at Vanguard making me re-think my decision
Replies: 98
Views: 8972

Re: Poor service at Vanguard making me re-think my decision

Hi All, New poster here, so thank you for the consideration. I did review previous posts that were similar so sorry for the duplication if any. My issue is this: lately (last 12-24 months) Vanguard's service has really deteriorated to the point of causing me to want to leave. I've been at Vanguard ...
by CodeMaster
Tue Jul 28, 2020 6:57 pm
Forum: Personal Investments
Topic: CARES act lets you take out retirement without penalty, when does it expire?
Replies: 12
Views: 1273

Re: CARES act lets you take out retirement without penalty, when does it expire?

Got it, some reason I couldnt see expiration anywhere for life of me! Thanks so much this helps a lot.
by CodeMaster
Tue Jul 28, 2020 6:20 pm
Forum: Personal Investments
Topic: CARES act lets you take out retirement without penalty, when does it expire?
Replies: 12
Views: 1273

Re: CARES act lets you take out retirement without penalty, when does it expire?

CARES act lets you take out retirement without penalty, I understand you have to pay tax like normal on it but it can be spread over 3 years... I was wondering 2 things.. 1. when does this "offer" expire? 2. do you get taxed the same as if you earned 100k that year and can simply just pay...
by CodeMaster
Tue Jul 28, 2020 12:50 pm
Forum: Personal Investments
Topic: CARES act lets you take out retirement without penalty, when does it expire?
Replies: 12
Views: 1273

Re: CARES act lets you take out retirement without penalty, when does it expire?

CARES act lets you take out retirement without penalty, I understand you have to pay tax like normal on it but it can be spread over 3 years... I was wondering 2 things.. 1. when does this "offer" expire? 2. do you get taxed the same as if you earned 100k that year and can simply just pay...
by CodeMaster
Tue Jul 28, 2020 12:26 pm
Forum: Personal Investments
Topic: CARES act lets you take out retirement without penalty, when does it expire?
Replies: 12
Views: 1273

CARES act lets you take out retirement without penalty, when does it expire?

CARES act lets you take out retirement without penalty, I understand you have to pay tax like normal on it but it can be spread over 3 years... I was wondering 2 things.. 1. when does this "offer" expire? 2. do you get taxed the same as if you earned 100k that year and can simply just pay ...
by CodeMaster
Thu Jun 18, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10624

Re: Disappointed in Fidelity 2% Cash Back credit card

Sorry hear about your confusions.... when I applied it was clear and thats why its a "Fidelity" card.
You can open an account with Fidelity easily, its not ridiculous to me for the 2% cashback.
Closing account will affect credit score minimally if at all.
by CodeMaster
Wed Jun 17, 2020 10:17 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 35116

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

I think DCA makes 0 sense in any circumstance and is an entirely a mental accounting bias. Let's say today you had 300k in an 80/20 portfolio. Would you ever think, now is the time to take less risk, pull 200k out, and slowly put it back in? That's equivalent to having a 100k 80/20 portfolio and ge...
by CodeMaster
Tue Jun 16, 2020 10:42 pm
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9834

Re: Vanguard vs. Fidelity

There both about same... Fidelity has amazing tech mutual funds that Im fan of.
by CodeMaster
Sun May 10, 2020 3:10 pm
Forum: Personal Investments
Topic: Best things to do with EIDL 3.75% loan?
Replies: 2
Views: 209

Re: Best things to do with EIDL 3.75% loan?

I do run small business...

I guess its useful for payroll and business rent.
by CodeMaster
Sun May 10, 2020 2:54 pm
Forum: Personal Investments
Topic: Best things to do with EIDL 3.75% loan?
Replies: 2
Views: 209

Best things to do with EIDL 3.75% loan?

So I understand PPP is forgiveable if used for business purpose. EIDL gives a grant up to 10k and then a normal LOAN at 3.75% interest first payment deferred 12 months later. Say its a 100k EIDL loan. It doesnt look like you can get that loan forgiven, at least not yet at the moment. So I was wonder...
by CodeMaster
Fri May 08, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: If you get EIDL and PPP then refinance to PPP, is it all forgiveable?
Replies: 5
Views: 375

Re: If you get EIDL and PPP then refinance to PPP, is it all forgiveable?

That's a good question. No one knows at this point. The interim final rule says you can include the EIDL in your request for PPP: iv. Step 4: Add the outstanding amount of any Economic Injury Disaster Loan (EIDL) made between January 31, 2020 and April 3, 2020 that you seek to refinance, less the a...
by CodeMaster
Fri May 08, 2020 11:21 am
Forum: Personal Finance (Not Investing)
Topic: If you get EIDL and PPP then refinance to PPP, is it all forgiveable?
Replies: 5
Views: 375

Re: If you get EIDL and PPP then refinance to PPP, is it all forgiveable?

That's a good question. No one knows at this point. The interim final rule says you can include the EIDL in your request for PPP: iv. Step 4: Add the outstanding amount of any Economic Injury Disaster Loan (EIDL) made between January 31, 2020 and April 3, 2020 that you seek to refinance, less the a...
by CodeMaster
Fri May 08, 2020 12:03 am
Forum: Personal Finance (Not Investing)
Topic: If you get EIDL and PPP then refinance to PPP, is it all forgiveable?
Replies: 5
Views: 375

If you get EIDL and PPP then refinance to PPP, is it all forgiveable?

So I understand there is EIDL loan which isnt forgivealbe, interest rate at 3.75% deferred payment first year. Then theres PPP, which is 2.5x your salary, forgiveable if you use it for business purposes like salary. However, in many areas and docs and news sties, they say you can refinance EIDL loan...
by CodeMaster
Mon May 04, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 5040

Re: Delay mortgage payments under CARES Act

Update - my PenFed "next payment" date has been changed to June 1 and I have not paid the May 1 payment yet. The principal balance is exactly the same as last month down to the penny, no interest added. They still have no formal guidance on the interest accrual, I have asked two of their ...
by CodeMaster
Sat May 02, 2020 5:22 pm
Forum: Investing - Theory, News & General
Topic: How are mutual funds fees calculated if the year is negative?
Replies: 18
Views: 1920

Re: How are mutual funds fees calculated if the year is negative?

Interesting, so it has nothing to do with gains or losses but total balance. Wow thats quite a fee! lol
Thanks for that clarity :sharebeer
by CodeMaster
Sat May 02, 2020 5:09 pm
Forum: Investing - Theory, News & General
Topic: How are mutual funds fees calculated if the year is negative?
Replies: 18
Views: 1920

Re: How are mutual funds fees calculated if the year is negative?

so your saying if you have a balance of 100k in there, they take 0.10% of it every year done on a daily basis spread out ? 0.10% / 365 days for daily fee calculation?
by CodeMaster
Sat May 02, 2020 5:03 pm
Forum: Investing - Theory, News & General
Topic: How are mutual funds fees calculated if the year is negative?
Replies: 18
Views: 1920

How are mutual funds fees calculated if the year is negative?

How are mutual funds fees calculated if the year is negative?

For example if VITAX came back negative this year gains wise, how is the 0.10% fee applied? Is there any fees? :sharebeer :beer
by CodeMaster
Wed Apr 22, 2020 3:06 am
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 5040

Re: Delay mortgage payments under CARES Act

FlyingMoose wrote: Wed Apr 22, 2020 2:58 am I’ve heard that they don’t report it late but put a note on your credit report that you’re in forbearance, which has been causing people a 25-50 point hit on your credit score, and also makes it impossible to Refi at lower rates.
why is it not possible refinance during forbearance?
by CodeMaster
Wed Apr 22, 2020 2:07 am
Forum: Personal Finance (Not Investing)
Topic: Delay mortgage payments under CARES Act
Replies: 73
Views: 5040

Re: Delay mortgage payments under CARES Act

So Ive been studying this and it seems to operate differently from bank to bank and the entire CARES act bill is vague with loop holes that may cause mortgage CRASH instead of HELP at the moment. For example, they do allow banks to ask for ENTIRE MISSED PAYMENT to be paid in one ballooon lump sum. T...
by CodeMaster
Wed Apr 22, 2020 1:01 am
Forum: Personal Finance (Not Investing)
Topic: CARES Act Mortgage Forbearance Risks need help on understanding
Replies: 2
Views: 366

Re: CARES Act Mortgage Forbearance Risks need help on understanding

I see some risks if anyone could address Everyone understands during forbearece you don't have to pay... but How do you find out if you have to pay interest on top of the deferred interest? I've read they cant mark you late, however they CAN note you are under forbearance, which will hit your credi...
by CodeMaster
Mon Apr 20, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act Mortgage Forbearance Risks need help on understanding
Replies: 2
Views: 366

CARES Act Mortgage Forbearance Risks need help on understanding

I see some risks if anyone could address Everyone understands during forbeanrace you dont have to pay... but How do you find out if you have to pay interest on top of the deferred interest? Ive read they cant mark you late, however they CAN note you are under forbearance, which will hit your credit ...
by CodeMaster
Mon Mar 30, 2020 12:58 am
Forum: Investing - Theory, News & General
Topic: Was wondering willl anything support BBBY (Bed Bath Beyond)? Like stimulus or anything?
Replies: 2
Views: 405

Re: Was wondering willl anything support BBBY (Bed Bath Beyond)? Like stimulus or anything?

I would have thought it was a pretty good bankruptcy candidate before COVID-19 happened. A bailout might drag things out a bit, but it’s ringing around the drain. I was in one for the first time in several years five days before Christmas, and there was hardly anyone there. That’s not normal retail...
by CodeMaster
Mon Mar 30, 2020 12:35 am
Forum: Investing - Theory, News & General
Topic: Was wondering willl anything support BBBY (Bed Bath Beyond)? Like stimulus or anything?
Replies: 2
Views: 405

Was wondering willl anything support BBBY (Bed Bath Beyond)? Like stimulus or anything?

Was wondering willl anything support BBBY (Bed Bath Beyond)? Like stimulus or anything?

Just wondering how serious are there chances of going bankrupt is right now? :sharebeer :beer
by CodeMaster
Fri Mar 20, 2020 11:03 pm
Forum: Investing - Theory, News & General
Topic: I cant "Stay the Course" - Rebalance/IPS
Replies: 56
Views: 4670

Re: I cant "Stay the Course" - Rebalance/IPS

Folks, Is there anyone who is NOT Rebalancing per their IPS Rebalance Band % and/or Time ? What is the reason you are Rebalancing or NOT Rebalancing ? eg: I'm 45 yrs, 12 yrs away from retirement, I'm 75:25 today with 1M portfolio and, today, I'm 68:32 but I'm having a hard time sell 7% bond and buy...
by CodeMaster
Wed Mar 18, 2020 1:38 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 57846

Re: How to get Toilet Paper ? seriously.

AerialWombat wrote: Mon Mar 16, 2020 6:14 pm Do you have a broad leafed tree in your yard? Snow on the ground? Old t-shirts or wash rags?

Get creative. :beer
lolllllllllll
by CodeMaster
Sun Mar 15, 2020 5:00 pm
Forum: Personal Investments
Topic: Refinance home now with rates at zero?
Replies: 6
Views: 886

Refinance home now with rates at zero?

I have 30 year mortgage with HELOC, its half way through already (15 years more to go) with Wells Fargo. I was wondering with rate of zero does it make sense to refinance? I didnt fully study what that means to my mortgage, i.e. does it restart all the interest Ive already paid and is a rip off? Or ...
by CodeMaster
Sun Mar 15, 2020 4:57 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12766

Re: Are you still going to the gym ...

during the epidemic? The front counter person told me there has been a drop-off and I was wondering if it's a good place to avoid for now? I would miss it if I stopped going. They have lots of hand sanitizer stations and sick folk tend not to go work out but .... over here in SF its just slightly l...
by CodeMaster
Sun Mar 15, 2020 4:35 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 20820

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

JAZZISCOOL wrote: Sun Mar 15, 2020 4:18 pm Global stock futures are up across the board 3:17 pm MT. SP500 E-mini +8%
what site do you use to see that? :sharebeer
by CodeMaster
Sun Mar 15, 2020 4:10 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 20820

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

May I ask what this means when rates are slashed? What does it generally affect? Sorry for my noob question... :beer
by CodeMaster
Thu Feb 27, 2020 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon / Costco seems have best Turbotax prices possible?
Replies: 8
Views: 844

Re: Amazon / Costco seems have best Turbotax prices possible?

bob60014 wrote: Thu Feb 27, 2020 5:07 pm Market timing $30 software, I dont get it. :oops:
LOLL
by CodeMaster
Thu Feb 27, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon / Costco seems have best Turbotax prices possible?
Replies: 8
Views: 844

Re: Amazon / Costco seems have best Turbotax prices possible?

rightdecisions wrote: Thu Feb 27, 2020 3:18 pm Seems like the best deals were 15 days ago. And now prices went back up.

I am looking for premier.

Check walmart.
how much did it go down to before?
by CodeMaster
Thu Feb 27, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon / Costco seems have best Turbotax prices possible?
Replies: 8
Views: 844

Amazon / Costco seems have best Turbotax prices possible?

Based on all my search, seems Amazon / Costco has best Turbotax prices possible?
Anyone find anything better or a way to stack on deals cheaper? :beer
by CodeMaster
Wed Feb 26, 2020 12:36 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4076
Views: 320701

Re: Coronavirus and the market

An "expert" on TV said they expected peak infection at 70k.. not sure where they got that number. Hopefully the fatalities start reducing.. daily deaths are still increasing, 73 -- 73-- 86 on Friday.. Nytimes reported that many of the initial deaths were not categorized as being related t...
by CodeMaster
Sat Feb 22, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5737

Re: San Francisco with a Family

Nice numbers! May I ask what you do? :) Commute sucks... live in rich people area inside the city, youll not deal with bums unless your around Moscone center or Tenderloin. You wouldnt want your kids near them, but as far as walking past them, its totally fine they dont bother you and city supports ...
by CodeMaster
Fri Feb 21, 2020 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5737

Re: San Francisco with a Family

I have been to SF many times in early 2000s. It was a nice city. We went there last year for a vacation. I must say I was extremely disappointed. Too many homeless people and so many druggies and needles on the streets in some sections. But I am sure not all sections are like that. I would never mo...
by CodeMaster
Fri Feb 21, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5737

Re: San Francisco with a Family

I am considering a move to SF for a job opportunity. Currently, we have a home that is around 1.25m in a HCOL. We could spend more, but I’m not sure what area of SF are nice for families, good schools, not crazy commutes. Would really appreciate a few leads on zip codes to explore. I’m not sure fin...