Search found 93 matches

by cashheavy18
Fri Jul 26, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: AirBnB asking for govt photo ID verification to book
Replies: 18
Views: 1656

Re: AirBnB asking for govt photo ID verification

blackcat allie wrote:
Fri Jul 26, 2019 10:53 am
runner540 wrote:
Fri Jul 26, 2019 10:39 am
A regular hotel or train booking in Europe will ask for an ID too...
I haven't experienced this, where they require upload of photo ID, prior to arrival.
Not prior, but at check-in.
by cashheavy18
Tue Jul 23, 2019 11:02 am
Forum: Personal Investments
Topic: 24 years old: How should I invest my extra money?
Replies: 17
Views: 1278

Re: 24 years old: How should I invest my extra money?

You're off to an amazing start - congratulations. I think this is a nice summary for in which order you should invest (for now and in the future): The order in which you should invest your money: https://forum.mrmoneymustache.com/investor-alley/investment-order/msg1333153/#msg1333153 If you have a M...
by cashheavy18
Tue Jul 23, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Thinking about buying late grandparents' house, proper boundaries with rest of family?
Replies: 27
Views: 2052

Re: Thinking about buying late grandparents' house, proper boundaries with rest of family?

We have gone through this process 6-7 years ago. Grandmother passed away and none of the 6 children wanted/or were able to afford buying the house. The children really wanted to keep the house in the family (has been in the family 100 + years). The house was offered to any of the grandchildren to pu...
by cashheavy18
Wed Jul 10, 2019 3:46 am
Forum: Personal Investments
Topic: Why don’t all employer 401k plans have the option of a mega-backdoor?
Replies: 4
Views: 809

Re: Why don’t all employer 401k plans have the option of a mega-backdoor?

Here's a thread with some discussion on this topic. Bottom line (in my opinion) is cost/benefit for the employer to implement and how many people are going to take advantage of it.

viewtopic.php?f=1&t=268204&p=4291203#p4291203
by cashheavy18
Tue Jun 25, 2019 7:46 am
Forum: Personal Investments
Topic: Donate stock
Replies: 13
Views: 898

Re: Donate stock

I'm also interested in donating appreciated stock to a favorite charity. My interest is not in the deductibility (we don't itemize), but rather to avoid the capital gains taxes that would accrue if we sold the stock and donated the money. Am I correct in thinking that if we directly donated the sto...
by cashheavy18
Fri May 31, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 14835

Re: Should I encourage my kids to work in high school/college?

I just asked this question to my 18 year old college aged child (whose first job at age 16 was in retail): Yes! Why? - Teaches you how to work with people. Some whom you may not always like - You learn what interviewing is all about, good to have some practice before a position that will really coun...
by cashheavy18
Mon May 13, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Leaving My CPA
Replies: 22
Views: 2602

Re: Leaving My CPA

I don't have answers to all of your questions, but do know that Lacerte and TurboTax are both owned by Intuit, but run on different tax engine platforms.

Good luck!
by cashheavy18
Wed May 08, 2019 4:19 pm
Forum: Investing - Theory, News & General
Topic: Happy Heavenly 90th Birthday, Jack Bogle
Replies: 11
Views: 1429

Re: Happy Heavenly 90th Birthday, Jack Bogle

Joined this forum a year ago, so a relative newbie. Happy to share the same birthday with him. Hoping for the same longevity and wisdom.
by cashheavy18
Sun May 05, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 8123

Re: How much do you donate?

50% of MY take home income (part of a dual income family).

Have been doing this for 9 years (up from 25%, which I started 15 years ago). Use appreciated assets to donate.

Best decision made.
by cashheavy18
Wed May 01, 2019 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: What Should We Do With Excess Cash Each Month?
Replies: 17
Views: 2833

Re: What Should We Do With Excess Cash Each Month?

I like the following list of how to prioritize the order of investing:

https://forum.mrmoneymustache.com/inves ... msg1333153
by cashheavy18
Fri Apr 26, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Colleague salary comparison
Replies: 54
Views: 6535

Re: Colleague salary comparison

Yes, it is public information. Not much to do (other than be aware), as each person is being paid their market value - based on their ability to produce in their specific field of expertise.
by cashheavy18
Tue Apr 23, 2019 7:36 am
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 112
Views: 5260

Re: At what age did you buy your first first class airplane ticket?

First and only time to fly International First Class was using points about 5 years ago. Personally, I didn't think the premium was worth it over business class. Our International business class strategy is one of the following: - to look for paid deals (which over the years we've found for ~$2,300-...
by cashheavy18
Sun Apr 21, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: 1st job as an MD- contract review
Replies: 16
Views: 2190

Re: 1st job as an MD- contract review

+1 to follow the discussion
by cashheavy18
Sat Apr 20, 2019 2:36 am
Forum: Personal Investments
Topic: Starting daughter's savings plan
Replies: 12
Views: 1035

Re: Starting daughter's savings plan

We have a child still in college and started this conversation as they finished high school (with money they received from graduation gifts plus part time employment). Your question and the ETF are both good, my only suggestion is if you haven't already done so, to bring your daughter along on the j...
by cashheavy18
Sat Apr 20, 2019 2:25 am
Forum: Personal Investments
Topic: Net Worth where it should be?
Replies: 49
Views: 7214

Re: Net Worth where it should be?

+1, I was just going to post this as well!
by cashheavy18
Sat Apr 20, 2019 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for College Freshman
Replies: 50
Views: 2359

Re: Best Credit Card for College Freshman

We also added our older child to our cc when they were 15.

Now as a college sophomore, our child applied for the Chase Freedom Unlimited card on their own and received it with a $900 credit limit. Also got the signup bonus.
by cashheavy18
Sat Apr 06, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2552

Re: TurboTax Error Re: Excess 401k Deferral

Update - I just tried going into the online version to file and it accepted the efile (where as a week ago, I was getting an error telling me to paper file). My return is currently marked in progress via an email receipt. Hoping it will go through smoothly. And how did you add the excess deferral a...
by cashheavy18
Fri Apr 05, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2552

Re: TurboTax Error Re: Excess 401k Deferral

Update - I just tried going into the online version to file and it accepted the efile (where as a week ago, I was getting an error telling me to paper file). My return is currently marked in progress via an email receipt.

Hoping it will go through smoothly.
by cashheavy18
Fri Apr 05, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Error Re: Excess 401k Deferral
Replies: 40
Views: 2552

Re: TurboTax Error Re: Excess 401k Deferral

I received this same error last week. This is the update that was sent by TTax today: Hi there, You are receiving this email because you signed up on a TurboTax support article regarding "Excess 401(k) Contribution Preventing e-File". While the interview has been significantly improved, customers se...
by cashheavy18
Sat Mar 30, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: 22YO...What More To Do? (Portfolio Advise)
Replies: 11
Views: 921

Re: 22YO...What More To Do? (Portfolio Advise)

You are in CA. My biggest concern would be housing expenses. Max for 401k is $19000 Max for Roth is $6000 Not sure you are hitting those right now. Living at home can be a gift especially at your salary and savings rate. Hoard as much money as you can now. There is A lot of life ahead of you yet. Y...
by cashheavy18
Sat Mar 30, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Renewal of global entry?
Replies: 10
Views: 1232

Re: Renewal of global entry?

Renewed late in 2018, both husband and I. Neither of us had an interview. New cards arrived within a few weeks. Used AMEX platinum to get the global entry credit for free (also added family members to get the AMEX Gold card and each of them received the global entry credit as well) - set for another...
by cashheavy18
Fri Mar 29, 2019 5:33 pm
Forum: Personal Investments
Topic: Help with wife and I's Retirement Plan
Replies: 21
Views: 1810

Re: Help with wife and I's Retirement Plan

My wife's work does offer the Dependent Care FSA. When I read up on it though, doesn't look like you can do more than $5k, even if you have multiple kiddos. Is there something I'm missing? Thanks again, VSS The limit is $5k, true. But that's $5K from my employer, and $5K from my wife's employer ......
by cashheavy18
Wed Mar 20, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Donating stock instead of cash to charities
Replies: 37
Views: 2015

Re: Donating stock instead of cash to charities

If the charities can all accept donations of stock shares, then I'm guessing there wouldn't be any advantage to us to make up for the extra work associated with a DAF? The DAF would be much less work for everyone involved, you and the charities. Gill I am in the same situation as the OP; have appre...
by cashheavy18
Tue Mar 19, 2019 9:16 am
Forum: Personal Consumer Issues
Topic: Better to Donate Time or Money To Charity?
Replies: 37
Views: 1637

Re: Better to Donate Time or Money To Charity?

Both.

We used to donate money exclusively and now have shifted to active involvement in the charities where we continue to donate. I have a much better understanding of what the need is and can be very specific in designating how our donations are allocated.
by cashheavy18
Sun Mar 17, 2019 5:25 pm
Forum: Personal Consumer Issues
Topic: Paris - Is It Safe?
Replies: 143
Views: 10140

Re: Paris - Is It Safe?

Husband and I are looking to go in May as well. I’m not too concerned about the protests. We went to Athens during the protests and we didn’t see any of them. Here’s my problem...we want to go to London, then take the train over to Paris. With all of the Brexit drama lately, it looks like there hav...
by cashheavy18
Fri Mar 15, 2019 9:38 pm
Forum: Personal Investments
Topic: How much is too much of one stock in portfolio?
Replies: 17
Views: 1694

Re: How much is too much of one stock in portfolio?

Do you and your spouse have a strategy for charitable giving? Moving some % of this stock to a DAF or straight out donating shares to a charity will solve your exposure and tax problems (no capital gains hit + tax deduction) & more importantly provide funds to a cause you support. We have been using...
by cashheavy18
Mon Mar 11, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Filing 8606 - Complex case
Replies: 16
Views: 1296

Re: Filing 8606 - Complex case

If you are using TurboTax to file, I found this step by step, extremely helpful:

https://thefinancebuff.com/how-to-repor ... botax.html
by cashheavy18
Mon Mar 11, 2019 11:39 am
Forum: Personal Investments
Topic: Excel function to project retirement
Replies: 8
Views: 1020

Re: Excel function to project retirement

Give this a try and see if it works for you: Enter your own numbers for the starting net worth field, growth rate & any additional monthly savings. The formula in the Accumulation field in C8 =C8*(1+$B$4)+$B$5 Starting net worth $- Projected rate of monthly growth (%); this example has an annualized...
by cashheavy18
Mon Mar 11, 2019 8:29 am
Forum: Personal Consumer Issues
Topic: Not allowed to reserve multiple United flights departing at different times from same destination on same day?
Replies: 40
Views: 2763

Re: Not allowed to reserve multiple United flights departing at different times from same destination on same day?

Sorry for your frustration! What I have learned about Basic Economy so far: - You have 24 hours after you BOOKED a ticket to CANCEL it. - You are very limited in your rights with this fare, a ticketing agent told me that if a flight is cancelled - they have 48 hours to get you back to your destinati...
by cashheavy18
Mon Mar 04, 2019 6:43 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 18958

Re: Lots of cash .. Scared to put it to work now

I would immediately max out your cash if you haven't already. My best is 3% 18 month CDs at Rockland... hopefully you can do the same or better! Nice work. I'm holding massive amounts of cash and am not doing as good you are. 3% is solid. I'm not doing horribly, but need to improve. Take a look at ...
by cashheavy18
Mon Mar 04, 2019 2:41 pm
Forum: Investing - Theory, News & General
Topic: Follow up question about stock donation to charity
Replies: 11
Views: 428

Re: Follow up question about stock donation to charity

According to my understanding and a Kiplinger article I found, if you donate stock that has increased in value since you bought it -- more than a year ago -- and you itemize deductions, you can take a charitable contribution for the stock's fair market value on the day you gave it away. You'll avoi...
by cashheavy18
Mon Mar 04, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: Follow up question about stock donation to charity
Replies: 11
Views: 428

Re: Follow up question about stock donation to charity

I believe the TurboTax program needs this information in order to determine the amount of your charitable deduction. I'm not sure this is true. The charity provide an acknowledgement for the cash value proceeds of the stock donation and that is the amount used to enter into TurboTax for the deducti...
by cashheavy18
Wed Feb 27, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 15687

Re: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?

Travel can be a great "swing cost" in your budget. It can be $0, or if you have space, it can be unlimited. First class roundtrip to Paris - $10K/head. x2 = $20K. Ten days at the Four Seasons Paris = $12K Ten Michelin lunches and dinners = $10K Return via London and the Queen Mary to NYC - $15K for...
by cashheavy18
Wed Feb 20, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Generational Wealth Transfer
Replies: 19
Views: 2250

Re: Generational Wealth Transfer

Someone on this forum suggested reading this book about generational wealth transfer: Fortune's Children: The Fall of the House of Vanderbilt I found it fascinating. We may not have the same dollars as Commodore did, but it is eye opening to see real life scenarios of what can happen when trying to ...
by cashheavy18
Tue Feb 19, 2019 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting for new immigrant dad health care
Replies: 22
Views: 1551

Re: Budgeting for new immigrant dad health care

How will he be eligible for ACA? He will need to have income in the right range to be eligible for subsidized plans. What sort of income will he have? ACA, medicaid, and even medicare are subject to potential future changes depending on what the government (congress, etc) does in the future. We are...
by cashheavy18
Tue Feb 19, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting for new immigrant dad health care
Replies: 22
Views: 1551

Re: Budgeting for new immigrant dad health care

How will he be eligible for ACA? He will need to have income in the right range to be eligible for subsidized plans. What sort of income will he have? ACA, medicaid, and even medicare are subject to potential future changes depending on what the government (congress, etc) does in the future. We are...
by cashheavy18
Tue Feb 19, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting for new immigrant dad health care
Replies: 22
Views: 1551

Re: Budgeting for new immigrant dad health care

We have the same situation for a family member who came to the US age early 90s, and thankfully ACA was/is available. This will be the 5th year. Costs have ranged from $600-$1000/month with very high deductibles for the bronze option. Relative has NEVER been hospitalized. We still get all medication...
by cashheavy18
Mon Feb 18, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 62
Views: 5449

Re: Easiest Way to Give $100k Cash to Non-Family Member

Both you and your wife should walk through what your personal reaction would be if a very close friend made this type of offer to you out of the blue? My first thought would be for myself, unless I'm in dire financial need, this type of offer would just be odd and make me feel uncomfortable (wonderi...
by cashheavy18
Tue Feb 12, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Shifting approach to account access as kids are grown
Replies: 12
Views: 936

Re: Shifting approach to account access as kids are grown

Our kids maintain their "high school" checking account that is still linked to us for transfer of money like you mention. We are currently gifting money to use for Roth contributions (up to money earned from part-time jobs). When the kids have full time employment we are considering gifting the annu...
by cashheavy18
Mon Feb 11, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: When You Realized You Don't Need 401k in Retirement...
Replies: 34
Views: 3863

Re: When You Realized You Don't Need 401k in Retirement...

Hello all, I am in my late 30s and will have another 15-20 years until retirement. My plan is to use 4 funding sources for my retirement: (1) Pension (2) Social Security (3) 401k and (4) Personal Investment Account. I was crunching the numbers over the weekend, it looks like I can retired comfortab...
by cashheavy18
Fri Feb 08, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 72641

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Where are folks moving their funds after the payout? Ally has a 2.85/14 month CD available until the end of the month. (https://www.ally.com/learn/selectcd-14m/) Anything else out there thats better? Yes, NASA Federal Credit Union 15 month CD @ 3.20% https://www.depositaccounts.com/banks/nasa-feder...
by cashheavy18
Tue Feb 05, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 72641

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Where are folks moving their funds after the payout? Ally has a 2.85/14 month CD available until the end of the month. (https://www.ally.com/learn/selectcd-14m/) Anything else out there thats better? Yes, NASA Federal Credit Union 15 month CD @ 3.20% https://www.depositaccounts.com/banks/nasa-feder...
by cashheavy18
Tue Feb 05, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 72641

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Apparently, people were quick to withdraw their balances out of Ally once Jan 15 came, and Ally obliged and raised the rate from 2.00% to 2.20%. Capitalism and market efficiency at work in the age of internet and click-away transfers! First, as far as I'm concerned, 2.5% is the new 2.0%, so 2.2% do...
by cashheavy18
Tue Feb 05, 2019 9:22 am
Forum: Non-US Investing
Topic: Best way to invest $100k for HSBC premier account? [Europe]
Replies: 29
Views: 2740

Re: Best way to invest $100k for HSBC premier account?

We despise HSBC. :twisted: We got ourselves roped into opening a "Premier account" 3 years ago. Started off back late 2015 with a horrible account set up process in San Diego, right as they were closing shop. We got the most PITA run around we have EVER dealt with, leaving us so frustrated each tim...
by cashheavy18
Tue Feb 05, 2019 8:19 am
Forum: Non-US Investing
Topic: Best way to invest $100k for HSBC premier account? [Europe]
Replies: 29
Views: 2740

Re: Best way to invest $100k for HSBC premier account?

Their no fee money transfers are not free. They get you on the currency spread. Last time I checked it was about 2.9%. This is correct. It varies between 2% and 3% in general. Might be even higher for Advance customers (I wouldn't be surprised). However, it's true that it's hard to beat the conveni...
by cashheavy18
Mon Feb 04, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Those who do not fly coach, where do you buy your tickets?
Replies: 30
Views: 5236

Re: Those who do not fly coach, where do you buy your tickets?

Can anybody give a rough estimate of what premium they consider a good deal for trans-Atlantic and trans-Pacific flights? Seems I often see business is typically 2-4x and first class is 5-10x. I'd maybe consider something 2-3x the cost of coach but honestly I'm not sure I'm interested unless I can ...
by cashheavy18
Mon Feb 04, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Those who do not fly coach, where do you buy your tickets?
Replies: 30
Views: 5236

Re: Those who do not fly coach, where do you buy your tickets?

https://www.flyertalk.com/forum/premium-fare-deals-740/

Learn the acronyms (airport codes, airline codes, etc) - it's an active forum and deals are posted as they are found!
by cashheavy18
Fri Feb 01, 2019 3:12 pm
Forum: Personal Investments
Topic: 30 YO 2 Million to Invest
Replies: 60
Views: 8054

Re: 30 YO 2 Million to Invest

Another person with a similar post today, https://www.bogleheads.org/forum/viewtopic.php?f=1&t=271536&newpost=4356412 Look for the reply by Sandtrap » Fri Feb 01, 2019 12:53 pm - I thought it was very thorough. The OP's accountant cautioned correctly to set aside money for taxes as well, worthwhile ...