Search found 61 matches

by GuySmiley
Thu Oct 03, 2019 6:03 pm
Forum: Personal Investments
Topic: How Do I Get Out Of 61 Stock Positions?
Replies: 15
Views: 1493

Re: How Do I Get Out Of 61 Stock Positions?

Interesting situation -- in your shoes I'd probably sell the first wave in sectors you feel are overweighted. There is a decent chance you are somewhat diversified as another poster mentioned above. Timing of the rest would depend on your tax situation in the future. Some day you'll have the opportu...
by GuySmiley
Sat Sep 14, 2019 11:20 am
Forum: Personal Investments
Topic: Collectible sale and taxes
Replies: 4
Views: 354

Collectible sale and taxes

I sold a collectible through an auction house, with the gains to be taxed at 28% if I understand correctly. As we are getting later in the year, I'd like to know: are the taxes due in the year of the sale, the year of the check sent to me, or the year I cash the check? Assume no additional tax forms...
by GuySmiley
Tue Sep 03, 2019 7:29 pm
Forum: Investing - Theory, News & General
Topic: For those who have bonds in taxable, why and which ones?
Replies: 42
Views: 3544

Re: For those who have bonds in taxable, why and which ones?

Wife's brokerage account, BND for sleep well at night purposes, by which I mean protection from a knife to the gut while I sleep.
by GuySmiley
Sun Sep 01, 2019 7:39 pm
Forum: Personal Investments
Topic: Learnings/Regrets from last two recessions
Replies: 91
Views: 12110

Re: Learnings/Regrets from last two recessions

For Dot com bubble, my regret/lesson was that I shouldn't chase past performance. Too heavy in Nasdaq. 2008 I held up well, no regrets. Bought a few stocks at a low price even. The lesson from that is keep working hard, focus on staying employed to support the family. By far the biggest contributor ...
by GuySmiley
Mon Aug 19, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Chronic Conditions and Wellness Exams
Replies: 24
Views: 1772

Re: Question on Chronic Conditions and Wellness Exams

OP, are you me? I could have written this exact question. I'm going to test a theory at next year's visit to see if I still get hit for $100. Assuming yes, I'll have to decide if it's worth looking for a new provider (probably not).
by GuySmiley
Tue Aug 13, 2019 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128767

Re: Fidelity as a one stop shop

Is it normal that the Fidelity credit card usage email alerts arrive 2 days after the purchase is made? I'm new to this, still figuring out if I have it set up correctly. Under account alerts, I'm assuming you have it setup for "credit posted", which I typically receive that alert couple days after...
by GuySmiley
Tue Aug 13, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1093
Views: 128767

Re: Fidelity as a one stop shop

Is it normal that the Fidelity credit card usage email alerts arrive 2 days after the purchase is made? I'm new to this, still figuring out if I have it set up correctly.
by GuySmiley
Sat Aug 03, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 23
Views: 2592

Re: How much house can I afford (really)?

Morningside could be a good neighborhood if you want the Edina schools (which we enjoy) in the price range you mention and don't mind an old home. Quite near Linden Hills.
by GuySmiley
Mon Jul 29, 2019 12:16 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 941
Views: 126171

Re: Post your Financial Milestone Announcements Here

Last week eliminated all individual securities except for my employer stock, which I intend to keep below 5% of portfolio. The transformation to passive total market investor focusing on tax concerns and asset allocation over stock-picking is a welcome one!
by GuySmiley
Sat Jun 22, 2019 2:20 pm
Forum: Personal Investments
Topic: Low balance Roth IRA for kids
Replies: 6
Views: 523

Re: Low balance Roth IRA for kids

Fidelity it is, and the deed is done. Thanks all!
by GuySmiley
Sat Jun 22, 2019 9:38 am
Forum: Personal Investments
Topic: Low balance Roth IRA for kids
Replies: 6
Views: 523

Low balance Roth IRA for kids

I am looking to open a Roth IRA for my 12yr old daughter this year to get her started down the path, I anticipate her making around $60 of legit, documented 3rd party income, could be more, could be less. The family currently has accounts at WF and Vanguard but I am willing to look around. My questi...
by GuySmiley
Tue Jun 11, 2019 1:57 pm
Forum: Personal Consumer Issues
Topic: Cost of mini split installation? [Ductless Air Conditioning/ Heat]
Replies: 36
Views: 3257

Re: Cost of mini split installation?

I've had mini-split installations on two homes. Work done in 2011 and 2015. LG but let's say that doesn't matter. Pardon my imprecise terminology below. Each system is an outdoor unit and either one or two "heads" (indoor wall units). $6000 for a one-head system, and $7500 for a two-head system. I d...
by GuySmiley
Sat Jun 01, 2019 11:35 am
Forum: Personal Investments
Topic: 8606 - Pro Rata Rule for IRA to Roth IRA Conversions
Replies: 17
Views: 685

Re: 8606 - Pro Rata Rule for IRA to Roth IRA Conversions

Not your question, but I don't believe a 2016 contribution can be made in June 2017. I thought the deadline for any given year is April 15 of the following year.
by GuySmiley
Thu May 30, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife and I cancel our Whole Life Insurance policies?
Replies: 31
Views: 2397

Re: Should my wife and I cancel our Whole Life Insurance policies?

I remember the weird feeling of my term life guy, immediately (within seconds) upon signature of that policy, pitching that I convert it to whole life for college-related purposes, something about sheltering for financial aid. Made no sense to me, fortunately I passed as I knew term was what I was s...
by GuySmiley
Sun May 26, 2019 11:41 am
Forum: Personal Investments
Topic: Debt Free! Need Help to Develop New Game Plan
Replies: 6
Views: 835

Re: Debt Free! Need Help to Develop New Game Plan

Congrats! In your shoes I'd fund a Roth IRA before 529 but be advised children are expensive -- I'm not talking about college savings, I'm talking about the first 18 years.
by GuySmiley
Mon May 06, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: "Shopping for Healthcare" - How Use an HSA Effectively
Replies: 30
Views: 2326

Re: "Shopping for Healthcare" - How Use an HSA Effectively

This is less about the HSA than the HDHP itself. I have two things to contribute here: 1) Sick visits are cheaper at a Target clinic or place like that vs. normal doctor visit 2) For my plan, annual physical (well check) is free BUT I was recently charged "split billing" since I added a non-routine ...
by GuySmiley
Fri Apr 26, 2019 10:40 am
Forum: Personal Finance (Not Investing)
Topic: umbrella insurance negative cost?
Replies: 16
Views: 1941

Re: umbrella insurance negative cost?

Spoke with my insurance agent, he called Travelers and they confirmed it was legit and the likely key factor was that I paid off the mortgage after my most recent premium payment, which lowered the risk factor. I must be missing something. Why would your risk of a large loss decrease after paying o...
by GuySmiley
Tue Apr 23, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Underassessment by County Assessor
Replies: 29
Views: 2008

Re: Underassessment by County Assessor

Years ago, prior to selling my first home, I went in to the county assessor office and provided documentation that my home was larger than they had on record. I wanted the true details of the house to be public (even at the cost of higher taxes) so that the value was estimated higher on Zillow. Tha...
by GuySmiley
Tue Apr 23, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Underassessment by County Assessor
Replies: 29
Views: 2008

Re: Underassessment by County Assessor

Years ago, prior to selling my first home, I went in to the county assessor office and provided documentation that my home was larger than they had on record. I wanted the true details of the house to be public (even at the cost of higher taxes) so that the value was estimated higher on Zillow. Tha...
by GuySmiley
Tue Apr 23, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Underassessment by County Assessor
Replies: 29
Views: 2008

Re: Underassessment by County Assessor

Years ago, prior to selling my first home, I went in to the county assessor office and provided documentation that my home was larger than they had on record. I wanted the true details of the house to be public (even at the cost of higher taxes) so that the value was estimated higher on Zillow. That...
by GuySmiley
Thu Apr 18, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: umbrella insurance negative cost?
Replies: 16
Views: 1941

Re: umbrella insurance negative cost?

Spoke with my insurance agent, he called Travelers and they confirmed it was legit and the likely key factor was that I paid off the mortgage after my most recent premium payment, which lowered the risk factor.
by GuySmiley
Wed Apr 17, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: umbrella insurance negative cost?
Replies: 16
Views: 1941

umbrella insurance negative cost?

I recently added umbrella coverage after reading recommendations here. This is through Travelers, where I also have home and auto policies. I was expecting a bill, and instead received a small refund check. The prorated cost for the next few months was negative. I take it with a smile of course, but...
by GuySmiley
Mon Apr 01, 2019 3:19 pm
Forum: Personal Investments
Topic: 401k limit and true-up question
Replies: 3
Views: 442

Re: 401k limit and true-up question

Thanks for the reply megabad. I checked with Vanguard, and they said the true-up applies toward the 2018 limit even though it was paid in 2019. I agree with your point about the accounting nightmare IF one doesn't know the rules. In any case, my plan moving forward is to reduce the true-up by stretc...
by GuySmiley
Sun Mar 31, 2019 10:48 am
Forum: Personal Investments
Topic: 401k limit and true-up question
Replies: 3
Views: 442

401k limit and true-up question

Good morning -- I have a question about the 401k limit of $56000 this year. I am under age 50, not eligible for catch up contributions, and seeking to maximize contributions. The contribution sources are broken down into 3 buckets: pre-tax, after tax, and employer contribution (50% of first 6%), whi...
by GuySmiley
Mon Feb 18, 2019 9:04 pm
Forum: Personal Consumer Issues
Topic: Wife filled our gas engine car with diesel fuel
Replies: 111
Views: 11849

Re: Wife filled our gas engine car with diesel fuel

BTW, it's not "my wife did it", it's "we did it". It's only "my wife did it" when there is a good outcome. :D
by GuySmiley
Sun Feb 17, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Life As A Negative Asset
Replies: 30
Views: 2714

Re: Life As A Negative Asset

Excellent thread to start a Sunday morning with a smile. Cheers!
by GuySmiley
Sat Feb 16, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 431
Views: 60460

Re: Losing a job in your 50's...

Excellent post OP. I am early 40s but always looking to be prepared for the future, good lessons in here.
by GuySmiley
Tue Feb 12, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: ESPP and income tax in a FIRE situation
Replies: 8
Views: 669

Re: ESPP and income tax in a FIRE situation

Thanks guys. I'm not sure about the W2 since it's future. TBD if I ever test this out but it's one more knob to turn, should I choose to do so. I could see a scenario where selling shares from taxable and having incidental income along the way could be useful if retired early.
by GuySmiley
Mon Feb 11, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP and income tax in a FIRE situation
Replies: 8
Views: 669

Re: ESPP and income tax in a FIRE situation

Let's try this: my hypothetical scenario is exactly as documented here in example 10: https://www.irs.gov/publications/p525#en_US_2018_publink1000229228 "In the year of sale, you must report as wages the difference between the option price ($20) and the value at the time the option was granted ($22)...
by GuySmiley
Mon Feb 11, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP and income tax in a FIRE situation
Replies: 8
Views: 669

Re: ESPP and income tax in a FIRE situation

My Form 3922 says "no income is recognized when you exercise an option under an employee stock purchase plan". It refers me to Pub 525, which I guess I'll have to read next.
by GuySmiley
Mon Feb 11, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP and income tax in a FIRE situation
Replies: 8
Views: 669

ESPP and income tax in a FIRE situation

I'm aware of the Boglehead philosophy to sell shares purchased in an ESPP at the soonest possible time to diversify risk. Without regard to whether or not it is a good idea to hold those shares long-term, I was wondering about this: In my plan (all plans?) the difference between the purchase price a...
by GuySmiley
Thu Feb 07, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Alternatives for free trades?
Replies: 6
Views: 553

Re: Wells Fargo Alternatives for free trades?

wellsfargo.com showed me the outage.

wellsfargoadvisors.com worked fine, and once logged in continued to work fine with the normal wellsfargo.com experience.
by GuySmiley
Tue Feb 05, 2019 6:07 pm
Forum: Personal Investments
Topic: Don't File Too Early
Replies: 47
Views: 6390

Re: Don't File Too Early

My state return was rejected since some line item didn't match from the federal return. I logged back in to TurboTax and they said a fix is pending this week, check back later. So yes -- perhaps best to not file too early!
by GuySmiley
Sun Jan 27, 2019 8:46 am
Forum: Investing - Theory, News & General
Topic: What did you learn from 2018 in the markets?
Replies: 114
Views: 8624

Re: What did you learn from 2018 in the markets?

My main lesson in 2018 was learning about Bogleheads! I learned that my wife is more risk-averse than I realized, and I learned a little about bonds and asset allocation. All good things to know.
by GuySmiley
Sat Jan 19, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: 401k - withdraw all at once? check my math
Replies: 11
Views: 801

Re: 401k - withdraw all at once? check my math

Thanks all, the interim step of rollover IRA was indeed easy, all online, no "paperwork". Should allow her to withdraw across multiple years to avoid the tax hit. Tax-deferred going in, tax free going out :beer
by GuySmiley
Sat Jan 19, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: 401k - withdraw all at once? check my math
Replies: 11
Views: 801

401k - withdraw all at once? check my math

I'm looking for advice about reducing taxes for this situation. My 67 year-old mother-in-law has about $16000 in a 401k from her former employer. She has no income except for social security. Resides in MN, married filing separately. She is looking to get that money into a standard savings account, ...
by GuySmiley
Sat Jan 12, 2019 3:10 pm
Forum: Personal Investments
Topic: 4 cents left in traditional IRA after Backdoor Roth
Replies: 19
Views: 1983

Re: 4 cents left in traditional IRA after Backdoor Roth

Don't wait too long, or the 4 cents might earn interest too. :D I have the same issue. I decided to just leave it be, maybe the timing in future years will improve the situation, or worst case eventually I plan to roll it into Vanguard so will deal with it at that time. I consider doing nothing a go...
by GuySmiley
Sun Jan 06, 2019 9:45 pm
Forum: Personal Investments
Topic: High income earner with high debt.
Replies: 20
Views: 2074

Re: High income earner with high debt.

1) If you skip contributing to those accounts, you will lose that opportunity forever. Since you're asking about timing, there is no reason you have be 90/10 immediately if you are concerned about that, but in your shoes I would at least make the contribution. 2) I've read here that S&P 500 is about...
by GuySmiley
Sat Dec 15, 2018 1:12 pm
Forum: Personal Consumer Issues
Topic: Polyurethane- House STINKS
Replies: 19
Views: 2147

Re: Polyurethane- House STINKS

Good memories. Family and I camped outside on the porch when we did this years ago, we had no idea it would smell so strong and was a spur of the moment decision, but really there was no other option except for getting a hotel. By the 2nd night it was tolerable to stay inside at the opposite end of ...
by GuySmiley
Sat Dec 15, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 22297

Re: What Happened to you during the Financial crisis of 2007–2008

I was a traveling consultant at the time, and had bought a home in December 2007. Being on the road I had a large exposure to watching news in hotel rooms in the evening, and the whole situation was strange to me but at the same time not that scary since I figured these were just media types playing...
by GuySmiley
Tue Dec 04, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Highly Compensated Employees/Deferred Compensation Plans
Replies: 26
Views: 2659

Re: Highly Compensated Employees/Deferred Compensation Plans

I should rephrase -- I CHOSE to file an amended return based on my assumption. I don't know if I HAD to or could have done as you suggest.
by GuySmiley
Tue Dec 04, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Highly Compensated Employees/Deferred Compensation Plans
Replies: 26
Views: 2659

Re: Highly Compensated Employees/Deferred Compensation Plans

Yes to the first. Annoying process since the limit was determined after the end of the year based on whatever contribution math is used, a "refund" was issued after I filed my taxes and before I had ever heard of this rule, and I had to file an amended return.
by GuySmiley
Mon Dec 03, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Crawl Space Fixin's - Do you really need it?
Replies: 20
Views: 2395

Re: Crawl Space Fixin's - Do you really need it?

I used to live in a house with a crawl space, built in 1948 in TX. I had two specific water issues related to broken plumbing, which I took care of to help keep the critters away, as they appreciated the standing water. I also had a generic drainage issue, and evidence of a high water mark in the pa...
by GuySmiley
Sun Dec 02, 2018 9:56 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 941
Views: 126171

Re: Post your Financial Milestone Announcements Here

I achieved a very minor milestone last night -- I created a spreadsheet and figured out my AA across 7 accounts including equity/bond and US/intl equities. Now that I know it, I can work toward adjustments and proper tax-efficient placement, which I plan to do after the new year. :sharebeer
by GuySmiley
Sat Dec 01, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Manager suddenly passed away - New manager ethical dilemma
Replies: 24
Views: 4864

Re: Manager suddenly passed away - New manager ethical dilemma

Being a horrible person is probably not enough to be considered unethical. In your shoes, I'd probably wait until you had something more tangible to report it via hotline.
by GuySmiley
Wed Nov 28, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Leveling basement floor
Replies: 15
Views: 1204

Re: Leveling basement floor

My experience with this is that the material is not cheap. We ended up using over 20 bags at maybe $25/per in order to correct a floor which previously had a slope into a floor drain. In retrospect, I could have used cheaper filler for the lower parts and the more expensive leveler once we were fair...
by GuySmiley
Wed Nov 28, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: How did YOU choose your career?
Replies: 149
Views: 10362

Re: How did YOU choose your career?

I did a little programming in middle school, and told myself I didn't want to be a programmer. Then nearing the end of university, I decided I wasn't really interested in a high-level of travel. Upon graduation, I promptly took a consulting job as a traveling programmer. Did it for 18 years, it ende...
by GuySmiley
Sat Oct 13, 2018 12:18 pm
Forum: Personal Investments
Topic: ESPP vs. Mega Backdoor Roth
Replies: 19
Views: 715

Re: ESPP vs. Mega Backdoor Roth

I believe the typical Boglehead response is to sell the ESPP immediately, and just pay the likely minimal tax in order to be diversified. If you do that, then you should have the capacity to do the mega backdoor Roth IRA. This will likely net you a few thousand dollars on top of only doing the mega ...
by GuySmiley
Sun Sep 23, 2018 8:59 am
Forum: Personal Investments
Topic: RSU, ESPP, trading restriction window, wash sale
Replies: 0
Views: 278

RSU, ESPP, trading restriction window, wash sale

I have a block of RSUs vesting in mid-November. The normal Boglehead recommendation is to sell immediately (which I'd like to do), however the company trading window will be closed from about a week beforehand until about a month afterward due to quarterly results and rules designed to prevent insid...