Search found 2890 matches

by Triple digit golfer
Sat Mar 17, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning/will for my wife and me
Replies: 21
Views: 2429

Re: Estate planning/will for my wife and me

I am trying to set my secondary beneficiary as the trust that would be created if both my wife and I died, and I am having some difficulty and getting confused. At Vanguard, the beneficiary options are: -Spouse -Individual -Trust -Charity -My estate I assume that I would select trust and not my esta...
by Triple digit golfer
Tue Mar 13, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning/will for my wife and me
Replies: 21
Views: 2429

Re: Estate planning/will for my wife and me

I am not an estate attorney, so keep that in mind. But in our wills, the secondary beneficiaries on our accounts are not our kids but the testamentary trusts that benefit them. Maybe that it what you mean? If you want the life insurance to benefit your daughter, then the proceeds should go to her i...
by Triple digit golfer
Tue Mar 13, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning/will for my wife and me
Replies: 21
Views: 2429

Re: Estate planning/will for my wife and me

OP here. I spoke with a lawyer who recommended a will with a testamentary trust. If I die, my wife gets everything. If she dies, I get everything. If we both die, our child gets everything. We named a guardian for our daughter. That person is also the trustee of our estate who will manage the money ...
by Triple digit golfer
Wed Feb 28, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Estate planning/will for my wife and me
Replies: 21
Views: 2429

Estate planning/will for my wife and me

Hi all. I know very little about wills and estate planning and am a bit overwhelmed by what is needed and what is not. Google searches and searches on this forum are only seeming to add to my confusion. Here is our situation: Both 33 years old I work a steady corporate job, wife stays at home with o...
by Triple digit golfer
Thu Jan 04, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 67
Views: 4694

Re: Two vastly different career considerations...Stability vs. Income

Job A:
Pros: 5 lines
Cons: 2 lines

Job B:
Pros: 3 lines
Cons: 5 lines
by Triple digit golfer
Wed Jan 03, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Basic IRA question - 2018 Roth vs. Traditional
Replies: 5
Views: 560

Re: Basic IRA question - 2018 Roth vs. Traditional

Thanks all. Probably not worth the trouble, as we are fine with Roth IRA contributions for tax diversification and the ability to pull contributions in an emergency (although HIGHLY unlikely). As for why she isn't contributing to her 403(b), her bi-weekly pay for a few months will only be around $50...
by Triple digit golfer
Wed Jan 03, 2018 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Basic IRA question - 2018 Roth vs. Traditional
Replies: 5
Views: 560

Re: Basic IRA question - 2018 Roth vs. Traditional

My wife can contribute to a Traditional IRA and it will be fully deductible. She can also contribute to a Roth IRA instead, or any mix of the two up to $5,500 total. Is this correct? Not contributing at all to her 403b is a necessary but not sufficient condition. If she gets a pension, or the emplo...
by Triple digit golfer
Wed Jan 03, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Basic IRA question - 2018 Roth vs. Traditional
Replies: 5
Views: 560

Basic IRA question - 2018 Roth vs. Traditional

I am trying to determine eligibility of my wife and I to contribute to Traditional vs. Roth IRAs in 2018. We only have Roths so far because we both always worked and had AGI above the deductibility limits. Our 2018 AGI will be at least $115k but more than likely around $125k. My wife is leaving her ...
by Triple digit golfer
Tue Jan 02, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid state income tax on Roth IRA contribution?
Replies: 16
Views: 1863

Re: Avoid state income tax on Roth IRA contribution?

My wife and I are in IL and both contribute to Roth IRAs. In 2018 she will be leaving her job and therefore not have a workplace plan. Our AGI will be somewhere around $115k, 22% federal tax bracket. I believe we will be eligible for her to do this since she won't have a workplace plan but I cannot ...
by Triple digit golfer
Tue Jan 02, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 68
Views: 5486

Re: State Farm vs Geico

I've had Geico for auto insurance for years. Love them. I had a claim and they handled it extremely well.

I also use them for umbrella as they were significantly cheaper than other carriers.

They were not competitive for homeowners so I use another company.
by Triple digit golfer
Tue Jan 02, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Check-up for 2018
Replies: 1
Views: 543

Re: Check-up for 2018

One bump for the weekday regulars. :happy
by Triple digit golfer
Mon Jan 01, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Check-up for 2018
Replies: 1
Views: 543

Check-up for 2018

Hi all, In 2017 and into 2018 my wife and I had and are having a lot of positive changes in our lives. A new house (well, end of 2016), new baby, my wife leaving her job this month, and me starting a new one this month. That said, I'd like to get a general portfolio check-up to see that there's noth...
by Triple digit golfer
Fri Dec 29, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 4504

Re: Turbotax Online vs. Download

The Basic does not include a state return. And you can get the Deluxe version inlcuding one state for about the same price as the Basic version plus extra for a state. I think the Deluxe version gets the best value as it also includes pretty good instructions. One minor downside is that you will ha...
by Triple digit golfer
Fri Dec 29, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 4504

Re: Turbotax Online vs. Download

Looks like the download or CD versions all include all the forms but online do not.

If I do the download or CD version is there any good reason to not just use Basic? The most complex part of our taxes is Schedule D with some capital gains and losses. Everything else is pretty straightforward.
by Triple digit golfer
Fri Dec 29, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 4504

Re: Turbotax Online vs. Download

jebmke wrote:
Fri Dec 29, 2017 5:32 pm
Basic has Schedule D according to their web site.
I looked again and I think you are incorrect. It shows schedule D only with Deluxe and above for online and Premier and above for download or CD.
by Triple digit golfer
Fri Dec 29, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 4504

Re: Turbotax Online vs. Download

HueyLD wrote:
Fri Dec 29, 2017 2:08 pm
You don't need Premier. In fact, Basic will do. But getting Deluxe may be a good compromise.
Basic doesn't have Schedule D though, right? So that wouldn't work.
by Triple digit golfer
Fri Dec 29, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 4504

Re: Turbotax Online vs. Download

HueyLD wrote:
Fri Dec 29, 2017 10:49 am
Yes. See https://turbotax.intuit.com/personal-ta ... deluxe.jsp
Thanks! I couldn't locate a good chart like the one on that page! Much appreciated.
by Triple digit golfer
Fri Dec 29, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 4504

Re: Turbotax Online vs. Download

I have a general TurboTax question. Would the Deluxe or Premier make more sense for me? We itemize, have a child, and have capital gains and losses and will need Schedule D. Would Premier be necessary for capital gains and losses or can the Deluxe handle it? No, Deluxe will handle it just fine (cd/...
by Triple digit golfer
Fri Dec 29, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 4504

Re: Turbotax Online vs. Download

I have a general TurboTax question. Would the Deluxe or Premier make more sense for me? We itemize, have a child, and have capital gains and losses and will need Schedule D.

Would Premier be necessary for capital gains and losses or can the Deluxe handle it?
by Triple digit golfer
Fri Dec 29, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

Re: General question on college savings

Thank you all for your insightful comments and personal experiences. I decided to put $20k in a 529. My goal is to evaluate a couple times a year and see if we want to contribute more to it. I understand KlangFool's concerns, but I don't think $20k is going to make or break a period of unemployment...
by Triple digit golfer
Fri Dec 29, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

Re: General question on college savings

Thank you all for your insightful comments and personal experiences. I decided to put $20k in a 529. My goal is to evaluate a couple times a year and see if we want to contribute more to it. I understand KlangFool's concerns, but I don't think $20k is going to make or break a period of unemployment ...
by Triple digit golfer
Thu Dec 28, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

Re: General question on college savings

KlangFool, What do you mean when you say, regarding dividends and capital gains tax, "With your combination of money in all 3 pools, it could be 0%." Surely the $1,000 tax credit has to be worth something in the analysis, no? As for the 529 being counted for financial aid, isn't it only counted at 5...
by Triple digit golfer
Thu Dec 28, 2017 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

Re: General question on college savings

OP, 1) I think folks overestimated the tax burden of your taxable account investment. And, as a result, overestimated the tax benefits of 529. 2) You have the actual numbers. Look at your 2016 tax return. How much tax did you pay on your 200K taxable account investment for 2016? 3) If you are at 28...
by Triple digit golfer
Thu Dec 28, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

Re: General question on college savings

Thank you all.

I'm going to move $20k into funds that match my current allocation, then adjust my non-529 money to adjust for it so that overall allocation including 529 remains the same. The 529 and non-529 money will both be approximately 75/25.
by Triple digit golfer
Thu Dec 28, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

Re: General question on college savings

Livesoft, would you consider 529 money part of overall allocation or as its own separate fund? I am torn on what to invest in and if I want to make other changes. The easy route is to invest in bonds. Therefore I'm simply exchanging savings cash for bonds. The other route is to invest it 75/25, in ...
by Triple digit golfer
Thu Dec 28, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

Re: General question on college savings

I don't consider us wealthy! You fully fund all retirement accounts, have $210k in taxable accounts, and have at least $20k/year left over for college savings. You are very wealthy. Congrats! Thanks, but we don't have $20k/year left over for college savings. We will have very little left over becau...
by Triple digit golfer
Thu Dec 28, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

Re: General question on college savings

We put some money in 529 plans, but not enough to fund the full cost of college. I suggest if you are wealthy that you take advantage of the tax break early and often for at least some of your money. 529 plans are really for wealthy folks, so go for it! I don't consider us wealthy! Livesoft, would ...
by Triple digit golfer
Thu Dec 28, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

Re: General question on college savings

Thanks for the input, everybody! What is typically recommended for 529 savings? Equities or bonds? I intend to view it as part of our overall asset allocation (which is 75/25), but was curious if it really mattered. I'm inclined to take $20k out of savings, invest in a bond fund in the 529 and call ...
by Triple digit golfer
Thu Dec 28, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2760

General question on college savings

My wife and I have a 3 month old daughter. I've read a lot of threads on paying for college and it seems that there are four major options: 1. 529 accounts 2. Roth IRAs 3. Taxable accounts 4. Cash flow (or stopping contributions to retirement accounts during child's college years) Right now, my wife...
by Triple digit golfer
Tue Dec 26, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying 2017 real estate taxes
Replies: 4
Views: 573

Prepaying 2017 real estate taxes

I am considering prepaying my 2017 real estate taxes, which will allow me to add an additional $8,400 to my 2017 itemized deductions and thus save me $2,100 in tax this year. I pay my taxes through my mortgage escrow account. I contacted my bank and they said they don't care if I prepay, that when t...
by Triple digit golfer
Thu Dec 21, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

Update: I have passed background screening and the job is officially mine. Apparently the convictions, etc. either didn't come up or they didn't care. Probably the most anxious few days I've had in a long time. It's a job I really wanted and one that is a great fit for both sides. Things at my curr...
by Triple digit golfer
Thu Dec 21, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

Update: I have passed background screening and the job is officially mine. Apparently the convictions, etc. either didn't come up or they didn't care. Probably the most anxious few days I've had in a long time. It's a job I really wanted and one that is a great fit for both sides. Things at my curr...
by Triple digit golfer
Thu Dec 21, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

Update: I have passed background screening and the job is officially mine. Apparently the convictions, etc. either didn't come up or they didn't care. Probably the most anxious few days I've had in a long time. It's a job I really wanted and one that is a great fit for both sides. Things at my curre...
by Triple digit golfer
Thu Dec 21, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

TravelforFun wrote:
Thu Dec 21, 2017 11:15 am
How did you answer the question regarding past offenses on the application?

TravelforFun
It was not asked on the application. Nothing about criminal record, arrests, etc. was asked. It has not come up in any discussions. Therefore, I haven't said a word about it.
by Triple digit golfer
Thu Dec 21, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

Triple digit golfer, So? You do not know that their background will take a while. You need to do whatever necessary to protect yourself. It is perfectly understandable to renegotiate start date. KlangFool I have a feeling, like my previous jobs, that nobody is going to reach out to tell me that che...
by Triple digit golfer
Thu Dec 21, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

I never told them I needed a new formal written offer after getting the first written offer, just confirmation that onboarding checks were complete. Triple digit golfer, So? You do not know that their background will take a while. You need to do whatever necessary to protect yourself. It is perfect...
by Triple digit golfer
Thu Dec 21, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

I never told them I needed a new formal written offer after getting the first written offer, just confirmation that onboarding checks were complete. Triple digit golfer, So? You do not know that their background will take a while. You need to do whatever necessary to protect yourself. It is perfect...
by Triple digit golfer
Thu Dec 21, 2017 9:18 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

I never told them I needed a new formal written offer after getting the first written offer, just confirmation that onboarding checks were complete.
by Triple digit golfer
Thu Dec 21, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

A background check usually only takes 24 hours once it is started. It can take longer if you have lived in multiple states or counties over the last 7-10 years. Some HR departments are a little slower in actually submitting the paperwork, so you have to take that into account as well. I think it is...
by Triple digit golfer
Thu Dec 21, 2017 7:54 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

Update: It's been three days since I turned in the signed forms for the background check. I haven't heard anything yet. In order to begin on the agreed upon start date, I have to give notice at my current job tomorrow. Would it be too forward to call the HR Manager and ask if the onboarding checks a...
by Triple digit golfer
Tue Dec 19, 2017 3:25 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

I'm not even sure they're doing a background check. It's a $50 million privately held company, private equity backed. They were a mom and pop until about 2010. The CEO and CFO both emailed me separately to say they were thrilled that I accepted and they will see me on January 8. The CFO said that t...
by Triple digit golfer
Tue Dec 19, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

OP - relax, you have nothing to worry about... this won't come up on a background check today and in the very slim chance it did I do not think it'd effect your candidacy/offer in the slightest. Congrats on the new role. I'm in the talent space and have a decent idea on this. Shoot, one of my best ...
by Triple digit golfer
Mon Dec 18, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

"Yes, I was 17 years old, my friends and I made a bad decision one night to break a bunch of windows on parked cars, got caught, convicted, did a bunch of community service and I learned my lesson. I'm surprised that even came up, being so long ago and from my youth." Sorry, but I'm going to seem l...
by Triple digit golfer
Mon Dec 18, 2017 4:50 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

Thanks all! I will provide an update, good or bad. Hope to know within a few days. I think I am probably worrying over nothing. Odds are they'll go back 7 or maybe even 10 years. If they go back further and find it, I doubt they'll care that I damaged property in 2003. They can't accuse me of being ...
by Triple digit golfer
Mon Dec 18, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

The recruiter (third party agency) asked me if I received the offer letter yet. I told her yes and that once the background check comes back complete, I will give notice to my current employer. She replied, "I'm sure you'll pass the background test with flying colors!" I don't know if the colors wil...
by Triple digit golfer
Mon Dec 18, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

It's all about the optics of the situation. It sounds like you have been honest with your interactions up to this point. If you filled out a job application I'd be shocked if one of the questions on there did not inquire whether you have a criminal history. If you answered "No" and now the history ...
by Triple digit golfer
Mon Dec 18, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

I don't mind coming clean when the time is right, but I don't know that it's the best idea to bring up something from 14 years ago that I feel is not relevant to the job at all. If I was applying for a driving job and had a DUI or had my license previously suspended, I would probably bring that up. ...
by Triple digit golfer
Mon Dec 18, 2017 12:42 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

Update: I received the offer letter and it is contingent upon a background check (criminal, etc. but not credit) and a drug test. I signed and sent them back with the following message: Hi (HR person), Thank you for sending the documents this morning. I attached the signed versions. Please let me kn...
by Triple digit golfer
Sun Dec 17, 2017 5:08 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

TomatoTomahto wrote:
Sun Dec 17, 2017 4:55 pm
OP, I PMed you.
Thanks, I appreciate it. I sent you a reply.
by Triple digit golfer
Sun Dec 17, 2017 3:21 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8047

Re: New job offer - background check

TIAX wrote:
Sun Dec 17, 2017 3:16 pm
delamer wrote:
Sun Dec 17, 2017 12:53 pm
You could be right, since you used the word “may prevent” but I don’t believe that ban-the-box would stop an employer from withdrawing an offer.
It does in some jurisdictions. It would be helpful if OP told us the jurisdiction.
Illinois, Cook County.