Search found 73 matches

by edvest
Tue Jul 21, 2020 7:08 pm
Forum: Personal Investments
Topic: Condo sale in 2019.
Replies: 4
Views: 750

Re: Condo sale in 2019.

Thanks all for the great responses!!
by edvest
Tue Jul 07, 2020 6:16 am
Forum: Personal Investments
Topic: Condo sale in 2019.
Replies: 4
Views: 750

Re: Condo sale in 2019.

Thank you, so I can understand..

What your saying is the IRS may ignore our written agreement that she was never the owner, and that we payed taxes, mortgage and all other associated costs, and just say she owned it?
by edvest
Mon Jul 06, 2020 12:41 pm
Forum: Personal Investments
Topic: Condo sale in 2019.
Replies: 4
Views: 750

Condo sale in 2019.

We purchased a Florida condo below my Father-in-Laws on 4/29/05 for $112,500. At the time we were under the allowable age of 55 and the association would not budge on the rule. (Even though they did for others.) Because the market was hot and we wanted to be close to her parents we made an agreement...
by edvest
Mon Jun 22, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Leave H&R Block for Turbo Tax or what other software
Replies: 32
Views: 1760

Re: Leave H&R Block for Turbo Tax or what other software

Okay, I'm going to download H&R Block, Deluxe + State Tax Software, $54.95 from their site. As I previously mentioned we sold a Florida condo for a loss in May 2019. We purchased the condo in 2005 for $112k, rented/treated it as a business until 2015. Would I need to file a second state return with ...
by edvest
Thu Jun 04, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Should my Wife start collecting SS?
Replies: 12
Views: 1287

Re: Should my Wife start collecting SS?

Thanks everyone, sorry for "leaving the room"..., appliance issues always stop my world in it's tracks. LoL Her pension is small, under $1k/month. (For privacy reasons I can't be too specific on all stated numbers.) My job, while good for a long time has been sporadically paying. I still need it til...
by edvest
Tue Jun 02, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Should my Wife start collecting SS?
Replies: 12
Views: 1287

Re: Should my Wife start collecting SS?

You haven't given the expert gurus here enough information to make a guess as to what might be your best options. Some numbers might help. No debt, $300k house, approximate $1.6 mil cash/401, $30k misc monies, kids grown and on own, frugal, enjoy simple things in life, travel only in us, maybe one ...
by edvest
Tue Jun 02, 2020 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Should my Wife start collecting SS?
Replies: 12
Views: 1287

Should my Wife start collecting SS?

Hi, Before I start, thank you/everyone who has helped me! BHs is one of those good things that happen every day! I'm going on 65, still work and enjoy it. My wife, 64, retired from a public job two years ago. She hated it. She has been thinking of getting another job, but hasn't done so yet, and may...
by edvest
Fri May 15, 2020 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Leave H&R Block for Turbo Tax or what other software
Replies: 32
Views: 1760

Re: Leave H&R Block for Turbo Tax or what other software

Thank you for all your great replies!
by edvest
Wed May 13, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Leave H&R Block for Turbo Tax or what other software
Replies: 32
Views: 1760

Re: Leave H&R Block for Turbo Tax or what other software

Maybe you're single? ^^

I went to their site and answered just three questions: job, home owner, and I have investments... buttons and went right up to $80 dollars.
by edvest
Wed May 13, 2020 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Leave H&R Block for Turbo Tax or what other software
Replies: 32
Views: 1760

Re: Leave H&R Block for Turbo Tax or what other software

We used the local store, not software.

We itemize, own house, only wife and I, as hobby, buy and sell a small amount of stocks each year, and also sold a small FL condo in 2019 for $100k
by edvest
Wed May 13, 2020 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Leave H&R Block for Turbo Tax or what other software
Replies: 32
Views: 1760

Leave H&R Block for Turbo Tax or what other software

I'm sure this must have been asked before, but couldn't find with search. I used H&R Block for first time for our 2018 taxes. Needless to say, they made simple mistakes that required revisions. They also doubled their estimated cost to $260 dollars. Anyway, according to my son, our taxes should be s...
by edvest
Thu Mar 19, 2020 2:58 pm
Forum: Personal Investments
Topic: Researching stock with free online sites like yahoo, morningstar etc.
Replies: 3
Views: 185

Researching stock with free online sites like yahoo, morningstar etc.

What's the best free online site that offers stock numbers, comparisons and advice?
by edvest
Wed Jan 08, 2020 9:20 am
Forum: Personal Consumer Issues
Topic: Home Security Systems
Replies: 8
Views: 725

Re: Home Security Systems

Thank you all!
Ed
by edvest
Mon Jan 06, 2020 10:33 am
Forum: Personal Consumer Issues
Topic: Home Security Systems
Replies: 8
Views: 725

Home Security Systems

Hi BH, I've had ADT home security for five years now. We payed $40 a month until I ran into trouble with my job/income. I called to cancel but the convinced me to stay by lowering my monthly to $14.99, which I could justify in my budget. Since that time, every three months, they increase my monthly ...
by edvest
Thu Jan 02, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Online utility bill pay
Replies: 24
Views: 1376

Re: Online utility bill pay

Wow... !
I'm always astounded by how many great responses I get here on BH.

My wife and I decided to use our bank and skip the hassle of proofing the credit card statements. (I should say she decided.. LoL)

Thanks again!
by edvest
Thu Jan 02, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Online utility bill pay
Replies: 24
Views: 1376

Online utility bill pay

We've been paying our Gas, Electric and water bill by check and mail forever. According to the back side of each bill, we can save stamps/time and trouble paying automatically. To earn points, I would like to pay with a credit card. How would you suggest I do it. Have my credit card company pay? Or ...
by edvest
Thu Jan 02, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy [Personal Liability as Part Owner]
Replies: 31
Views: 2400

Re: Bankruptcy [Personal Liability as Part Owner]

Thank you !!!

Very informative and helpful. Thanks again!
by edvest
Mon Dec 16, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy [Personal Liability as Part Owner]
Replies: 31
Views: 2400

Re: Bankruptcy [Personal Liability as Part Owner]

Smitcat,
The buy back agreement set the price with fair-market and other accounting gauges, but you do have a good point.

To ease the transition maybe the price could be negotiated.
by edvest
Mon Dec 16, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy [Personal Liability as Part Owner]
Replies: 31
Views: 2400

Re: Bankruptcy [Personal Liability as Part Owner]

J295,
I never saw or signed any guarantees with venders.
If they ever happened I would assume they would want to refreshes at some point in the past twenty years?
by edvest
Mon Dec 16, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy [Personal Liability as Part Owner]
Replies: 31
Views: 2400

Re: Bankruptcy [Personal Liability as Part Owner]

Jack
I discussed selling but the "sales" cousin doesn't think that's possible, and won't try.
by edvest
Mon Dec 16, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy [Personal Liability as Part Owner]
Replies: 31
Views: 2400

Re: Bankruptcy [Personal Liability as Part Owner]

Dm200
We're a Corp C company.
1. Will be talking to Attorney but think we're up to date on everything.
2. I/we've never signed personal guarantee for anything.
by edvest
Mon Dec 16, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy [Personal Liability as Part Owner]
Replies: 31
Views: 2400

Re: Bankruptcy

Are there any possibilities of these? - product liability complaints - product returns/unsold inventory - leases property - leases equipment - current or future personal damage suits We're wholesale. Our product is a very basic item that is combined with/reworked to create varied final products. We...
by edvest
Sun Dec 15, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy [Personal Liability as Part Owner]
Replies: 31
Views: 2400

Re: Bankruptcy

It is a corporation, there is only one debt owed to the Father of a cousin. This approximate $75k debt is paid interest yearly. Otherwise there are no personally guaranteed loans or loans to banks/others. I believe all sales, payroll and excise taxes are current with no other hidden debts. We just w...
by edvest
Sun Dec 15, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy [Personal Liability as Part Owner]
Replies: 31
Views: 2400

Re: Bankruptcy

I'll look at Reddit, but in the meantime can answer any questions you/others may have.

Maybe someone here has actually been in a similar situation?
by edvest
Sun Dec 15, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy [Personal Liability as Part Owner]
Replies: 31
Views: 2400

Bankruptcy [Personal Liability as Part Owner]

I’m fast approaching retirement, and with two younger female cousins are part owner in a small manufacturing business in southern NJ. In recent years the company has been struggling with not only normal competition, but also nj, and an unwillingness of the cousins to accept any changes. They only un...
by edvest
Thu Oct 10, 2019 11:14 am
Forum: Personal Investments
Topic: Registered Investment Advisers typical fees
Replies: 10
Views: 1255

Re: Registered Investment Advisers typical fees

Wow ^ thanks Paul! :happy
by edvest
Thu Oct 10, 2019 9:09 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 173129

Re: What frugal thing did you do today?

Brown bagging lunch. It's awesome and i feel good afterwards!
by edvest
Thu Oct 10, 2019 8:08 am
Forum: Personal Investments
Topic: Registered Investment Advisers typical fees
Replies: 10
Views: 1255

Re: Registered Investment Advisers typical fees

Thank you Usagi and friends!
by edvest
Thu Oct 03, 2019 5:24 am
Forum: Personal Investments
Topic: Registered Investment Advisers typical fees
Replies: 10
Views: 1255

Re: Registered Investment Advisers typical fees

Thank Usagi! I'm entertaining two different advisors. The one is independent CFA who charges an upfront fee of 3500. for the first year and a touch-up hourly fee each year afterwards. The other owns his own investment company, charges no fee's at all and has no RIA, CFA or other designations. He was...
by edvest
Mon Sep 23, 2019 10:37 am
Forum: Personal Investments
Topic: Registered Investment Advisers typical fees
Replies: 10
Views: 1255

Registered Investment Advisers typical fees

What fee's can I expect to pay to RIA located in the New Jersey area?
by edvest
Fri Apr 12, 2019 6:48 pm
Forum: Personal Investments
Topic: Opening a IRA at ages 64
Replies: 20
Views: 1585

Re: Opening a IRA at ages 64

Thanks guys for all the info and reminders! I bailed. My reasoning: Cramming, as in must act by 14th, older with less of of hope of outdistancing expenses, lengthy corrections, poor portfolio choices that I may make, limited (6.5k 7.0k/year...) funding allowances and questionable finish line tax vin...
by edvest
Fri Apr 12, 2019 12:15 pm
Forum: Personal Investments
Topic: Opening a IRA at ages 64
Replies: 20
Views: 1585

Re: Opening a IRA at ages 64

CFM300 wrote:
Fri Apr 12, 2019 11:13 am
So your current marginal tax rate is probably either 22% or 24%. Any guess as to what your marginal tax rate will be in retirement?
2018 was a bad year for me. I expect to be in the same 22% when i retire.
by edvest
Fri Apr 12, 2019 10:45 am
Forum: Personal Investments
Topic: Opening a IRA at ages 64
Replies: 20
Views: 1585

Re: Opening a IRA at ages 64

CFM300 wrote:
Fri Apr 12, 2019 10:43 am
How much would you save in taxes in 2018 by contributing to an IRA (assuming you are in fact eligible)?

Unless you know that, I don't see how you're going to make a decision.
Maybe $1500 if i only do 6500
by edvest
Fri Apr 12, 2019 9:19 am
Forum: Personal Investments
Topic: Opening a IRA at ages 64
Replies: 20
Views: 1585

Re: Opening a IRA at ages 64

This is like an onion and has me now thinking... Because of my age and the possibility of the forever predicted recession, there's a likelihood I would be very conservative in my ira. In other words most of the money would sit in their cash fund which is paying??? Or bonds or other conservative prod...
by edvest
Fri Apr 12, 2019 8:40 am
Forum: Personal Investments
Topic: Opening a IRA at ages 64
Replies: 20
Views: 1585

Re: Opening a IRA at ages 64

I owe almost $4000.00 to fed and the H&R rep said I could open IRA's for me and my wife and reduce that amount for 2018. The money would come from low paying savings. Do you think this is an advantage at our ages? I assume that since the H&R Block rep was doing your taxes, they're aware that you're...
by edvest
Fri Apr 12, 2019 8:37 am
Forum: Personal Investments
Topic: Opening a IRA at ages 64
Replies: 20
Views: 1585

Re: Opening a IRA at ages 64

I owe almost $4000.00 to fed and the H&R rep said I could open IRA's for me and my wife and reduce that amount for 2018. The money would come from low paying savings. Do you think this is an advantage at our ages? Why not. Tax savings in hand is hard to beat especially if you can keep your AA the s...
by edvest
Fri Apr 12, 2019 7:54 am
Forum: Personal Investments
Topic: Opening a IRA at ages 64
Replies: 20
Views: 1585

Opening a IRA at ages 64

I owe almost $4000.00 to fed and the H&R rep said I could open IRA's for me and my wife and reduce that amount for 2018. The money would come from low paying savings.
Do you think this is an advantage at our ages?
by edvest
Thu Dec 20, 2018 6:21 am
Forum: Personal Consumer Issues
Topic: Fax without a telephone line
Replies: 23
Views: 2599

Re: Fax without a telephone line

Thinking about it, I average about two pages every two years.
The UPS/other fax locations does make the most sense.

Thanks everyone, much appreciated!
by edvest
Tue Dec 11, 2018 7:41 am
Forum: Personal Consumer Issues
Topic: Fax without a telephone line
Replies: 23
Views: 2599

Fax without a telephone line

Is it possible to use my multi function wireless fax machine without a telephone line? Is there a device that can plug into the MFM and transmit directly to a recipient's phone number?

Tu
by edvest
Mon Nov 05, 2018 5:59 am
Forum: Personal Investments
Topic: Bond prices drop but their yields go up??
Replies: 22
Views: 2832

Re: Bond prices drop but their yields go up??

I thought this was my post, not scrapr's?

I'm still not sure if anyone answered my 524% questions.
While maybe not normal for Vanguard, do bond funds really turn over this much, and if so, how is that even possible?

tu
by edvest
Sun Nov 04, 2018 8:58 am
Forum: Personal Investments
Topic: Bond prices drop but their yields go up??
Replies: 22
Views: 2832

Re: Bond prices drop but their yields go up??

Thanks for all the help, and I will be getting Swedroe's book.

Another question:
My 401K offers two bond funds. VTBLX, Vanguard Total Bond Market, and WTRIX Wells Fargo Core Bond.

The first has a turnover rate of 55% while the later is 542%!

Can anyone explain this?

Thanks again!
by edvest
Thu Nov 01, 2018 6:52 am
Forum: Personal Investments
Topic: Bond prices drop but their yields go up??
Replies: 22
Views: 2832

Re: Bond prices drop but their yields go up??

Thanks guys, it seems embarrassingly simple now.
I spent most of life thinking about my industry/job..., maybe not the biggest mistake but a mistake nevertheless.

Thanks again! :happy
by edvest
Thu Nov 01, 2018 6:14 am
Forum: Personal Investments
Topic: Bond prices drop but their yields go up??
Replies: 22
Views: 2832

Bond prices drop but their yields go up??

"Adding to the stock market's anxieties has been a rare simultaneous drop in bond prices that pushed yields near their highest levels in years ." Excerpt page one, today's WSJ 11/1/18, "October's Wild Ride Jolts Investors" Excerpt same story page A10 "Concern that the U.S. economy is on the verge of...
by edvest
Mon Oct 29, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Tire rotation - low mileage car
Replies: 36
Views: 2186

Re: Tire rotation - low mileage car

I only rotate them every 10K miles, regardless of how many months or years it takes to accumulate that many miles (although, if the tire rotation comes up near an oil change interval, I'll delay or move up one or the other so I can do both on the same day). If you're only putting 5-6K miles/yr on y...
by edvest
Thu Oct 25, 2018 7:23 pm
Forum: Personal Investments
Topic: Sale of Stock-Pfizer
Replies: 9
Views: 626

Re: Sale of Stock-Pfizer

Not enough information given to make an actual valuation call. Sure, one patent is expiring but you fail to mention all of the positive news on new products. Pharma traditionally has long development cycles before coming to market. What about the 20 some-odd trials currently in phase 2 and 3? You a...
by edvest
Thu Oct 25, 2018 7:01 pm
Forum: Personal Investments
Topic: Sale of Stock-Pfizer
Replies: 9
Views: 626

Re: Sale of Stock-Pfizer

1. Lyrica "Last year, Pfizer’s blockbuster medication for nerve and muscle pain netted the company $3.46 billion in sales. Patent protection is scheduled to expire in December, but Pfizer is reportedly working on getting an extension for pediatric exclusivity.." https://www.pharmamanufacturing.com/a...
by edvest
Thu Oct 25, 2018 6:29 am
Forum: Personal Investments
Topic: PNC Stable value fund class z
Replies: 10
Views: 1316

Re: PNC Stable value fund class z

Anyone?
by edvest
Thu Oct 25, 2018 5:52 am
Forum: Personal Investments
Topic: PNC Stable value fund class z
Replies: 10
Views: 1316

Re: PNC Stable value fund class z

Do you think I should move my bond balances into my stable fund?