Search found 48 matches

by Cpadave
Tue Sep 25, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 245
Views: 16949

Re: What is your single most expensive mistake?

Putting most of my money in to leveraged REITs fund before the crash. Lost $1.5M.
Buying a house about 6 years ago in a good school town for benefit of my kids, down about 400K
by Cpadave
Fri Sep 21, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: IRS Late payment interest
Replies: 2
Views: 323

Re: IRS Late payment interest

Thanks for the reply. Yes, I tried to do that, however my tax program (HR Block) didn't allow me to do that. I will wait for assessment. I would think since I have paid the balance due, the amount of additional interest on interest should be small. And hopefully it won't work against me when I reque...
by Cpadave
Fri Sep 21, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: IRS Late payment interest
Replies: 2
Views: 323

IRS Late payment interest

So I got my K1 yesterday which showed a higher income that I had estimated. Distribution received was lower than income by a significant amount. As a result I owed $27K balance on my 1040. I filed and paid that amount with e-filing. I want to ask IRS to waive the late payment penalty under first tim...
by Cpadave
Fri Jul 13, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: How much does your accountant cost?
Replies: 21
Views: 2177

Re: How much does your accountant cost?

Based on what you guys have posted so far, you are getting a good deal. I am retired now, but used to charge 500 for an average 1040 and over 1200 for more complicated many years ago. Yes, most might not need an accountant to do their returns. But those who do with benefit a lot by using a skilled p...
by Cpadave
Tue Jul 10, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Couple Early Retirement
Replies: 29
Views: 2563

Re: Health Insurance for Couple Early Retirement

We are almost in same situation. We went with connticare HSA plan. This way we get at least some tax benefit. For next year I anticipate the premiums will be even higher. We have to look at all options at that time. So sad that there are not too many good options for those who want to retire a littl...
by Cpadave
Sun Jul 01, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 359403

Re: What are you up YTD? [Year To Date]

I think the total return is a much better measure of performance. I get my number from quicken which I have verified to be correct. Please share your asset allocation and what you are up (or down) YTD in the format below. Here are my stats: Stocks: 100% Bonds: - Up: 10% This is the original point to...
by Cpadave
Sun Jul 01, 2018 7:58 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 359403

Re: What are you up YTD? [Year To Date]

Total return (includes Income) is 2.79% ytd. About 60% equity and 40% FI. I manage my own fixed income portfolio which has done better than market however my stock portfolio under performed because of some allocation to SPLV ans Vanguard High Div
by Cpadave
Fri Jun 22, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: VTI - 2nd qtr dividend
Replies: 3
Views: 463

VTI - 2nd qtr dividend

For some reason I expected the 2018 2nd qtr dividend for VTI to be nicely higher over the 2017 amount. Given the reduction of corporate tax rate and many corporations increasing dividend as result. However, the announced dividend for 2nd qtr is only 2.8c higher than 2017. That increase is actually s...
by Cpadave
Sun Jun 03, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed: $800,000 in cash, 2-year time horizon
Replies: 25
Views: 3692

Re: Advice needed: $800,000 in cash, 2-year time horizon

You can buy new issued treasury bills and individual bonds and CD from brokerage accounts like Fidelity. I have not actually purchased t-bill myself, but I have seen it on brokerage websites. The actual train ride from Darien to NYC is about 50min. You can live walking distance to train (maybe 5-7 w...
by Cpadave
Sun Jun 03, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Advice needed: $800,000 in cash, 2-year time horizon
Replies: 25
Views: 3692

Re: Advice needed: $800,000 in cash, 2-year time horizon

I would say either CD or 2yrs Tres bills for you. I would most likely buy some individual investment grade bonds as well, if it was me. You should look into Darien CT as option to buy house in the future. They have great schools and relatively low RE taxes. The home prices are within what you mentio...
by Cpadave
Sat Jun 02, 2018 12:38 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 359403

Re: What are you up YTD? [Year To Date]

+1.3% total return( include interest and Div). Portfolio is about 60% equity and 40% fixed income. Had few bad etf like Vanguard High Div in the mixed that lowered the performance. Plan to go to VTI when my tax situation allows.
by Cpadave
Fri Jun 01, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 2210 annualized
Replies: 5
Views: 459

Re: IRS Form 2210 annualized

Thanks. I did it that way and then entered the amount into this website to get my tax for 2018.

https://www.mortgagecalculator.org/calc ... ulator.php
by Cpadave
Fri Jun 01, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: IRS Form 2210 annualized
Replies: 5
Views: 459

IRS Form 2210 annualized

Hi,

Is there a excel worksheet or online site that I can enter my income to annualized for the form 2210? I don't need it to calculate the tax or the penalty, just to annualized the income and itemized deductions. Thanks
by Cpadave
Tue May 29, 2018 8:43 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 795

Re: US Tres bill on Fidelity

I was holding excess cash in one of the online saving accounts as part of emergency funds. I realized the amount I was holding was too much and it was making 1.6% interest. So I figured to reallocated to my investment portfolio at 60-40. However, since interest rates are going up. I wanted short ter...
by Cpadave
Tue May 29, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 795

Re: US Tres bill on Fidelity

Thanks. But would a 1.8% 3 moths CD be better than cash?
by Cpadave
Tue May 29, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 795

US Tres bill on Fidelity

Hi, I see under new issues on Fixed income on Fidelity a 3 months US Tres 3 months zero coupon with expected yield of 1.9% and settlement of 5/31/2018. Will that mean if I put an order to buy, I will get 1.9% on that? Would I be better off to buy 3 moths CD at 1.8% if it is guaranteed rate vs expect...
by Cpadave
Tue May 22, 2018 8:28 am
Forum: Investing - Theory, News & General
Topic: Best site to see stock performance
Replies: 1
Views: 255

Re: Best site to see stock performance

never mind. The other sites are as of 4/30
by Cpadave
Tue May 22, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: Best site to see stock performance
Replies: 1
Views: 255

Best site to see stock performance

What is the best site to see YTD stock performance ? CNN money shows 2.36% for Vanguard S&P 500(VOO), morningstar, yahoo show -.53%. I looked at the 1/1/2018 price and it was 267.84 and now is 273.37. Why does those site show a minus number? Thanks
by Cpadave
Sun May 20, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help me streamline to a 3 or 4 fund strategy
Replies: 11
Views: 1176

Re: Help me streamline to a 3 or 4 fund strategy

I see. learn something new everyday. :) How are you putting $6850 into hsa as single person? My company considers my GF as a domestic partner on most of my benefits. This extends to including her on my health insurance plan. I pay family coverage rates, but after multiple inquiries it seems this all...
by Cpadave
Sun May 20, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help me streamline to a 3 or 4 fund strategy
Replies: 11
Views: 1176

Re: Help me streamline to a 3 or 4 fund strategy

How are you putting $6850 into hsa as single person?
by Cpadave
Sat May 19, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6706

Re: What’s your phone/internet bill?

Phone $4.92 (ooma), Internet only 100GB $64.95 (optimum). I think the internet should be regulated just like electric. It is not considered essential and we don't have any other provider. Pretty much a monopoly. The reason that have raised the monthly amount so much in just the few years. And $30 f...
by Cpadave
Sat May 19, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6706

Re: What’s your phone/internet bill?

Phone $4.92 (ooma), Internet only 100GB $64.95 (optimum). I think the internet should be regulated just like electric. It is not considered essential and we don't have any other provider. Pretty much a monopoly. The reason that have raised the monthly amount so much in just the few years.
by Cpadave
Thu May 17, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 443

Re: Allocation help

Thank You all for very informative comments as always.
by Cpadave
Thu May 17, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 443

Re: Allocation help

I'm starting with the assumption that VYM and SPLV are the only two assets you are worried about, that you own them in roughly equal amounts, and that you aren't going to sell either of them. If those assumptions are wrong, what I'm about to say probably is wrong too. That said, here's how I would ...
by Cpadave
Thu May 17, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 443

Re: Allocation help

Yes. 120K all unrealized gains. I don't do dividend reinvestment as I use most of the income to pay expenses. My wife who was investment banker thinks I should leave it alone and just put the new money into VTI. She thinks some of is timing and it is too much work to do what I had planned. I am just...
by Cpadave
Thu May 17, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 443

Re: Allocation help

Thanks. The thing is that I have over 120K gain in them. Paying that much tax would be hard to do and will reduce the amount going back in. What if I just allocate more to healthcare and tech sector going forward to make my total allocation in line with VTI. Would I not achieve almost the same resul...
by Cpadave
Thu May 17, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Allocation help
Replies: 10
Views: 443

Allocation help

Few years ago when I was worried that market was overpriced, I tried to select ETF that I felt was less risky. Such as powershare s&P low vol (SPLV) and Vanguard high div (VYM). Now after reading many of the posts here and realizing that my investments are for long term, I wished I was just in VTI. ...
by Cpadave
Wed May 16, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund different than amount on tax refund
Replies: 3
Views: 428

Re: IRS refund different than amount on tax refund

They will sent you a letter for sure.
by Cpadave
Wed May 16, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6911

Re: Would you send your children to private school in my situation?

No I would not. We also have very good public schools. This was the reason we moved here. I see no reason to waste money on private when our public school is rated in top 5 in state.
by Cpadave
Wed May 16, 2018 9:30 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2521

Re: Why this problem never gets fixed

I'm not understanding why someone would think that insurance companies are paying inflated rates. They get a discount, sometimes a very hefty discount. You can see this on your explanation of benefits. My most recent EOB was for oral surgery. The bill was over $2,000, the insurance paid about $300....
by Cpadave
Wed May 16, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2521

Re: Why this problem never gets fixed

Well. Thank You for all the replies. I learned to try to stay healthy. And try to purchase medical supplies from outside of hospitals or clinics. I understand there are various reasons from the cost of those items to be high. And not much can be done from my side. I understand this can be sensitive ...
by Cpadave
Wed May 16, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2521

Re: Why this problem never gets fixed

Have you ever run your own business? Every.single.time that an item is thought about or touched, it costs money. The more people that think about the item and the more people that touch the item, then the more it costs. Stop people from thinking about the item and stop people from touching the item...
by Cpadave
Wed May 16, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2521

Re: Why this problem never gets fixed

Here is how you can solve the problem: Save and invest so you can become richer so you can afford the insurance premiums, your deductibles, your coinsurance..etc Up to the out of pocket maximum Just because one can afford to pay, doesn't mean I should pay whatever price for the same item I can buy ...
by Cpadave
Wed May 16, 2018 8:28 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2521

Re: Why this problem never gets fixed

This problem has been going on for many years. We have all heard about how hospitals and clinics charge a very high price for items that are sold on market at much lower price ( i.e. wrist support, pills, etc). My understanding is that insurance companies are responsible to negotiate a discounted r...
by Cpadave
Wed May 16, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2521

Re: Why this problem never gets fixed

The Wizard wrote:
Wed May 16, 2018 8:04 am
Looks like a rant to me.
The mods don't look kindly on rants.
Nonetheless, I have no answer to your question...
I am not ranting at doctors or hospitals. I am just question the negotiated price by insurance companies. Trying to get better pricing going forward.
by Cpadave
Wed May 16, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2521

Re: Why this problem never gets fixed

Yes. I know doctors try to be helpful. The problem is the negotiated price set by insurance company.
by Cpadave
Wed May 16, 2018 8:07 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2521

Re: Why this problem never gets fixed

If I am a CEO of hospital, I would not want to change anything as I am profiting from this. Maybe a CEO of health insurance company is more like it. Neither of those is likely. So I am hoping media will raise the issue and maybe insurance companies are force to change.
by Cpadave
Wed May 16, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Certified Financial Planner
Replies: 21
Views: 2346

Re: Becoming a Certified Financial Planner

I am a CFP and had a similar idea years back. However, I stopped doing any work in the area as there was more regulations and worry about liability and lawsuits. I understand you can buy professional liability insurance. Just was not worth it for me. Another important skill you would need is to be v...
by Cpadave
Wed May 16, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2521

Why this problem never gets fixed [Inflated medical product prices]

This problem has been going on for many years. We have all heard about how hospitals and clinics charge a very high price for items that are sold on market at much lower price ( i.e. wrist support, pills, etc). My understanding is that insurance companies are responsible to negotiate a discounted ra...
by Cpadave
Mon Apr 23, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: One of the many reasons healthcare cost is so high
Replies: 4
Views: 1052

One of the many reasons healthcare cost is so high

My son hurt his hand from falling off his chair. To be safe we took him to doctor. We have a very high deductible HSA plan. After taking a x-ray, it turns out nothing was broken. At the end of the visit the nurse/doctor recommended he wears a wristband but was optional. We asked for the price and th...
by Cpadave
Wed Apr 18, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 11462

Re: Got hit with a $2800 Medical bill. Can I negotiate?

I called the hospital and ask for discount since the amount was substantial. they offered none and said I had to pay all of it. I guess it depends.
by Cpadave
Wed Apr 11, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Underpayment Penalty and Exception
Replies: 11
Views: 885

Re: Tax Underpayment Penalty and Exception

Yes. that is correct. No underpayment penalty since you paid 100% of 2016 tax in 2017.
by Cpadave
Mon Mar 12, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Married Couple, one works and lives in CA and the other in Washington
Replies: 0
Views: 391

Married Couple, one works and lives in CA and the other in Washington

Both CA and Washington are community states. In this case, would the one in CA be forced to pick up half of the income from Washington state and pay tax? Can they file MFJ on Fed and MFS on CA? Thank you for your help.
by Cpadave
Mon Jan 15, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Self pay vs insurance
Replies: 10
Views: 1083

Re: Self pay vs insurance

Thank You. Very Helpful.
by Cpadave
Mon Jan 15, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Self pay vs insurance
Replies: 10
Views: 1083

Self pay vs insurance

Hi, We currently have HSA insurance with $5685/11370 deductible plan. I was wondering if it would be cheaper to pay for most medical expense as self pay (without submitting to insurance) ? If so, can the expenses still be submitted to insurance so it counts toward the deducible? Thanks Wish we had m...
by Cpadave
Sun Jan 14, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 98
Views: 14731

Re: REIT or No REIT

I would not but any private reits. Don't trust them. I own AIV, MAA, EQR, IRT atm. Might consider avalon after more research.
by Cpadave
Sun Jan 14, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 98
Views: 14731

Re: REIT or No REIT

Reits are always misunderstood. I have about 6% of my assets in REITs. I hold them as long term investment for income and asset diversification. They are not like bonds (IMO they are better). I hold them in my taxable account as they provide some tax free income (depreciation and the new tax act). I...