Search found 5333 matches

by pshonore
Tue Jul 25, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbours Land
Replies: 30
Views: 1758

Re: Driveway On Neighbours Land

Perhaps he can trade .02 acres of his land to his neighbor for the .02 of driveway. One of my neighbors built a shed on his property. When he went to sell his house, it was discovered he built over the property line. (He thought the side property line was at a right angle to the street,when in fact ...
by pshonore
Mon Jul 24, 2017 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Please explain Capital Gains tax after retirement
Replies: 49
Views: 4117

Re: Please explain Capital Gains tax after retirement

(Not to highjack the thread completely, but do you know if the cost basis that I will be taxed on -- a 1099R -- is taxed at a different rate than ordinary income. I don't think it is considered "earned income.") A "cost basis" is more commonly associated with a 1099-B. In most c...
by pshonore
Mon Jul 24, 2017 1:04 pm
Forum: Personal Consumer Issues
Topic: Patio furniture
Replies: 11
Views: 860

Re: Patio furniture

We bought Grosfillex 5 position white resin folding chairs over 30 years ago. They are still white (no yellowing, etc) and look very good. We also bought cushions to fit. Those lasted about 25 years , no fading etc. We do store chairs and cushions inside from Nov to April in Southern New England. To...
by pshonore
Mon Jul 24, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Manufactured Home Listing Agreement & Commission
Replies: 6
Views: 188

Re: Manufactured Home Listing Agreement & Commission

This should be an "exclusive right to sell" agreement. That allows sharing with other agents. I don't recall ever putting the "split" in the listing agreement. On the other hand, an "exclusive agency" agreement also allows the owner to sell on their own. That's not ver...
by pshonore
Mon Jul 24, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Manufactured Home Listing Agreement & Commission
Replies: 6
Views: 188

Re: Manufactured Home Listing Agreement & Commission

Big problem with an exclusive listing is that it won't be on MLS, which would significantly reduce the potential buyer pool. You want to understand how the listing agent is planning to market the property. I would look at how other similar places are sold for reference; have there been other sales ...
by pshonore
Mon Jul 24, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Manufactured Home Listing Agreement & Commission
Replies: 6
Views: 188

Re: Manufactured Home Listing Agreement & Commission

I'm helping an out of town relative get their manufactured home ready for sale. The listing agent they selected is asking for a 6% commission. Unlike real property sales arrangements that I've dealt with in the past, the exclusive listing agreement that this agent proposes does not specify a split ...
by pshonore
Mon Jul 24, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Please explain Capital Gains tax after retirement
Replies: 49
Views: 4117

Re: Please explain Capital Gains tax after retirement

So interesting to read the different interpretations by smart people -- no wonder it is confusing. So here is mine: I took stock out of my 401K using NUA option and thus must pay taxes on te $38K cost basis. I am single with no other 2017 income. I don't think I can sell any of that stock without i...
by pshonore
Mon Jul 24, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Selling Rental Property By Ourselves
Replies: 15
Views: 788

Re: Selling Rental Property By Ourselves

You may want to get a formal appraisal unless you are certain the agreed selling price is "valid".
by pshonore
Mon Jul 24, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Any way to avoid capital gains tax (from K-1) using married filing separately?
Replies: 21
Views: 1043

Re: Any way to avoid capital gains tax (from K-1) using married filing separately?

The final K1 produced by the Real Estate partnership should have a lot of information in conjunction with final 1041 Estate return. Deciphering that will not be easy unless you are familiar with partnership taxation.
by pshonore
Sun Jul 23, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Any way to avoid capital gains tax (from K-1) using married filing separately?
Replies: 21
Views: 1043

Re: Any way to avoid capital gains tax (from K-1) using married filing separately?

If this real estate was owned by a partnership (since dissolved after death) did anyone receive a K1 from the partnership, and what was passed through? Or was the only K1 from the estate? The partnership K-1 would have gone to the estate. Gill So thats where the cap gains showed up and were subseqe...
by pshonore
Sun Jul 23, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Any way to avoid capital gains tax (from K-1) using married filing separately?
Replies: 21
Views: 1043

Re: Any way to avoid capital gains tax (from K-1) using married filing separately?

If this real estate was owned by a partnership (since dissolved after death) did anyone receive a K1 from the partnership, and what was passed through? Or was the only K1 from the estate?
by pshonore
Sat Jul 22, 2017 8:59 am
Forum: Personal Consumer Issues
Topic: Why does State Farm have poor reviews?
Replies: 52
Views: 4522

Re: Why does State Farm have poor reviews?

Most State Insurance Departments maintain detailed stats on "complaints" which are available to the public. Stats are usually "per 1000 policies written" by line of insurance so you can compare large and small companies.
by pshonore
Sat Jul 22, 2017 8:44 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 202
Views: 23060

Re: Netflix, Your Current Favorite Show

If you like British history, The Crown is excellent. Season 2 coming in the fall.
by pshonore
Sat Jul 22, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Changing Health Insurance Around Child birth to reduce costs
Replies: 24
Views: 1489

Re: Changing Health Insurance Around Child birth to reduce costs

Where are you that it is so expensive! My obgyn charged 3100 for my unplanned c section in the middle of the night after hanging out at the hospital for 5 hours waiting. Haven't gotten the hospital bill yet, don't actually know if I will see one, expect it to be about 35k ish. I actually don't thin...
by pshonore
Fri Jul 21, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 62
Views: 5722

Re: Is it still worth buying a house in a state with insane property taxes

One thing to keep in mind is that you not only have to pay the property taxes now but also into retirement. Having an extra $10,000 a year in retirement will require something in the ballpark of $250,000 in extra retirement savings to generate the needed income using the 4% safe withdrawal rate gui...
by pshonore
Fri Jul 21, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 58
Views: 4998

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

I also have a suggestion that has nothing to do with the performance of the engine, but at the end of the season after you finish all the above maintenance get your mower blade sharpened. It will improve the cutting and mulching significantly. Having a sharp blade makes the engine work less and is ...
by pshonore
Fri Jul 21, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: the mechanics of ETF trading
Replies: 6
Views: 569

Re: the mechanics of ETF trading

Buying/Selling ETF shares is exactly the same as buying shares of individual stocks. There are commissions, settlement periods, dividend payouts, ex-dividend dates, just like regular stocks. If you've traded stocks, you understand trading ETF shares. And ETFs are index funds, just in ETF form where...
by pshonore
Thu Jul 20, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Please explain Capital Gains tax after retirement
Replies: 49
Views: 4117

Re: Please explain Capital Gains tax after retirement

Irrespective of the snarky comments, I gather the answer is; "LTCGs are considered earned income and are included in determining overall tax bracket" No, they are not considered earned income. They are considered unearned income. Your marginal tax bracket isn't determined by earned income...
by pshonore
Thu Jul 20, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Please explain Capital Gains tax after retirement
Replies: 49
Views: 4117

Re: Please explain Capital Gains tax after retirement

He's not having 145K in income - he's having 100K of which 55K is pension and 45K is cap gain. He should be right at the limit (approx 78K of taxable income MFJ status) for those cap gains to be taxed at 0%. Any more and the excess will be taxed at 15%
by pshonore
Tue Jul 18, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help me Optimize Daycare tax Efficiency
Replies: 9
Views: 802

Re: Help me Optimize Daycare tax Efficiency

I agree that you are treading on thin ice here. You don't describe what your spouse does but the income that it brings in is small ($1000 to $2000 revenue over a six month period, perhaps a couple hundred income). Clearly, you are not putting your child in daycare in order for her to make a couple ...
by pshonore
Tue Jul 18, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Help me Optimize Daycare tax Efficiency
Replies: 9
Views: 802

Re: Help me Optimize Daycare tax Efficiency

I think you are treading carefully here. You are only able to claim childcare that enables the parents to work. You seem to be talking about a spouse that isn't always working but this is a tuition based program. It sounds more akin to private school for an older child. When you claim reimbursement...
by pshonore
Tue Jul 18, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help me Optimize Daycare tax Efficiency
Replies: 9
Views: 802

Re: Help me Optimize Daycare tax Efficiency

I believe you still have to file Form 2441 Part III if you have a DC FSA. The same earned income limit is applicable
by pshonore
Sat Jul 15, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Worker's compensation insurance
Replies: 10
Views: 634

Re: Worker's compensation insurance

Thanks for all the advices. The company provides a copy of their liability insurance along with their proposals but the line for worker's compensation was not checked. Sounds like it is safer to go with a company with worker's compensation insurance. I think we'll see if other companies with all th...
by pshonore
Sat Jul 15, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Reduce MAGI
Replies: 8
Views: 1286

Re: Reduce MAGI

I believe the Student Loan interest deduction starts phasing out at 65K and is totally gone at 80K for a single filer. Getting your MAGI to 75K will allow a small deduction but might not be worth the trouble.
by pshonore
Sat Jul 15, 2017 8:08 am
Forum: Personal Consumer Issues
Topic: If i turn off central AC will it damage drywalls?
Replies: 38
Views: 3278

Re: If i turn off central AC will it damage drywalls?

In Florida you wouldn't dare shut off your air conditioner in the summer. Gill What do the poor people do? I'm guessing they have the equivalent of air conditioning food stamps in Florida... I imagine people without Central Air open the windows. That should eliminate mold, mildew, etc but would sti...
by pshonore
Thu Jul 13, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of Oil/Gas Royalty
Replies: 21
Views: 945

Re: Sale of Oil/Gas Royalty

My question is what the Federal income tax implications of such a sale might be for us. We have managed through the taxes on other issues over the years with no problem, but the income from a oil/gas royalty sale is new territory. When you file your Schedule E, are you taking a depletion allowance?...
by pshonore
Thu Jul 13, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting MBA tuition as an allowable business expense
Replies: 15
Views: 1143

Re: Deducting MBA tuition as an allowable business expense

That education expense of 130K (even at 50K per year) is going to stick out like a sore thumb on your S-Corp return.
by pshonore
Thu Jul 13, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: Child Roth IRA advice: hiring your kids to model for your website
Replies: 14
Views: 1250

Re: Child Roth IRA advice: hiring your kids to model for your website

One other point - although no incomes taxes would be due on $500 of income, FICA would be due for a self employed person. And I firmly believe anyone making a Roth contribution should file a tax return whether required to or not, so the IRS can never challenge the income/Roth down the road.
by pshonore
Wed Jul 12, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of real estate agent for buying new construction?
Replies: 25
Views: 1268

Re: Benefits of real estate agent for buying new construction?

In my area, a builder only pays the real estate agent if (s)he accompanies the buyer on the very first visit. So, if you show up at a new construction site for the first time without an agent, the builder is under no obligation to pay the agent who shows up subsequent to the first visit. I had the ...
by pshonore
Wed Jul 12, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Benefits of real estate agent for buying new construction?
Replies: 25
Views: 1268

Re: Benefits of real estate agent for buying new construction?

New construction is different. Not all builders list their new homes in MLS or "co-operate" (i.e. split commission) with agents. Some employ their own salespeople who do the marketing. Also, when I was selling, new construction usually was listed at 4% commission and anything less than a f...
by pshonore
Tue Jul 11, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: what happened to new KO roses?
Replies: 20
Views: 1356

Re: what happened to new KO roses?

CT here. Found gypsy moth caterpillars on the roses. Sprayed with Sevin from a ready to use spray bottle. Problem solved for now. We also have lots of deer but they prefer my apple trees, hosta, etc.
by pshonore
Tue Jul 11, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Follies
Replies: 13
Views: 2687

Re: Social Security Follies

In July 2017 I received a "corrected" SSA-1099 for 2016. This is actually the first one we received. I did not receive any SS benefits in 2016, and neither did she. She was covered by Medicare for 8 months in 2016, and I was covered for 6 months. Thus we did pay $2227 in Medicare premiums...
by pshonore
Tue Jul 11, 2017 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Is Medicaid eligibility based only on income or are assets included too?
Replies: 21
Views: 1388

Re: Is Medicaid eligibility based only on income or are assets included too?

For elders moving to nursing homes for LTC, when the care will be provided by Medicaid, there are asset limitations - you have to spend down your assets before you qualify for Medicaid subsidies for custodial care. Typically Medicare still pays for your medical needs during that time - if you get a...
by pshonore
Tue Jul 11, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: SS and CSRS retiree
Replies: 8
Views: 765

Re: SS and CSRS retiree

Did he work outside of the federal government at any point and get 40 credits (10 years) towards social security? My father in law worked for US Army Procurement for 25 years from 1946-1971 and then left civil service (when the local office was shut down) and worked in private industry for many yea...
by pshonore
Sat Jul 08, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: A good VISA card for Gas & Groceries?
Replies: 66
Views: 3833

Re: A good VISA card for Gas & Groceries?

I want to clarify: the amex cards have 3% & 6% cash back at supermarkets, not grocery stores. I shop grocery at stores like Sprouts, Safeway & local grocery stores. I almost never do grocery shopping at supermarkets... So that card so not work for me, correct? I get 6% on groceries just abo...
by pshonore
Sat Jul 08, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 9586

Re: Long term care insurance - is it worth it?

In my experience, no one buys these policies without the lifetime rider. Can you give us an illustration of policy premiums with and without the rider? For the example, let's say it's a 65 year old female in good health. When you have the rider what is the maximum annual reimbursement rate after th...
by pshonore
Fri Jul 07, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 9586

Re: Long term care insurance - is it worth it?

Read this horrifying story in the New York Times today: https://www.nytimes.com/2017/07/07/your-money/one-womans-slide-from-the-upper-middle-class-to-medicaid.html?mabReward=CTS2&recp=0&action=click&pgtype=Homepage&region=CColumn&module=Recommendation&src=rechp&WT.nav=Re...
by pshonore
Fri Jul 07, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 9586

Re: Long term care insurance - is it worth it?

Read this horrifying story in the New York Times today: https://www.nytimes.com/2017/07/07/your-money/one-womans-slide-from-the-upper-middle-class-to-medicaid.html?mabReward=CTS2&recp=0&action=click&pgtype=Homepage&region=CColumn&module=Recommendation&src=rechp&WT.nav=Re...
by pshonore
Thu Jul 06, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: What is this cable device?
Replies: 53
Views: 3138

Re: What is this cable device?

If you have Direct TV, that sounds like a "SWIM", but that's usually part of the original install. I believe that allows sharing of DVR stuff but I've stopped trying to figure that stuff out.
by pshonore
Thu Jul 06, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Museum Membership - tax deductible?
Replies: 13
Views: 946

Re: Museum Membership - tax deductible?

Thanks all. It does include unlimited uses so doesn't seem like it is tax deductible. I've never heard of unlimited uses disqualifying a membership for tax deductibility. We are zoo members (unlimited admission for the whole family), and our zoo is not free. However, the membership is still deducti...
by pshonore
Wed Jul 05, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: John Deere series 100 lawn tractors
Replies: 28
Views: 2228

Re: John Deere series 100 lawn tractors

Here's another alternative - these are walk-behind (no riding) and will also cut rough brush, high grass, saplings, etc. They also take optional attachments (except for the "entry level" model) such as wood chippers, snow blades, snow throwers and a 42" finish mower for regular lawns....
by pshonore
Wed Jul 05, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: How to Educate Myself on Home Addition Costs - Preliminary Stages
Replies: 4
Views: 457

Re: How to Educate Myself on Home Addition Costs - Preliminary Stages

The project you've described is pretty huge, and I bet you're going to find that it's much cheaper to just buy a new house. Adding a third floor and basement to an existing historic structure in an urban area like D.C.? If possible, it's gonna be very expensive. I'd certainly agree with those thoug...
by pshonore
Wed Jul 05, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard is getting sloppy again
Replies: 5
Views: 2177

Vanguard is getting sloppy again

According to Vanguards ETF performance page (https://investor.vanguard.com/etf/list#/etf/name/month-end-returns), VSS was up 43% on Monday giving a YTD performance of 65%. I sure wish I bought it last Friday :D . Don't they check these numbers for "reasonableness" before putting them out t...
by pshonore
Wed Jul 05, 2017 8:09 am
Forum: Investing - Theory, News & General
Topic: Fairholme-FAIRX
Replies: 22
Views: 4713

Re: Fairholme-FAIRX

It is good to dig these up. Shows that persistent outperformance is a search for unicorns. Yet as bad as its done lately, it has beaten the S&P 500 over the life of the fund. From a WSJ article on 7/1/17: Since the Fairholme Fund was started in 1999, it has delivered an annualized total return ...
by pshonore
Tue Jul 04, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: Please explain how Medicare Billing works?
Replies: 90
Views: 6255

Re: Please explain how Medicare Billing works?

The sad part is that when Medicare and insurance companies make getting paid so burdensome, frustrating, and expensive....many private docs just drop the plan. That's what I did in my office. Are there some primary care Physicians who, legitimately, are able to have profitable Medicare practices? I...
by pshonore
Tue Jul 04, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 9586

Re: Long term care insurance - is it worth it?

Regarding nursing home care and payments I found a pretty good link regarding cost https://www.payingforseniorcare.com/longtermcare/paying-for-nursing-homes.html http://news.morningstar.com/articlenet/article.aspx?id=564139 This could be a good resource of people who plan on retiring and want to ma...
by pshonore
Tue Jul 04, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: John Deere series 100 lawn tractors
Replies: 28
Views: 2228

Re: John Deere series 100 lawn tractors

My Gravely friends tell me that balance gears do not really serve much of a purpose and can be removed. (I'm not sure what that entails). My Gravely walk-behind has a Kohler 301 12HP engine that is still running after 35 years. Here's a link with more info than you probably want to know about single...
by pshonore
Mon Jul 03, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Best tool/technique for grill cleaning?
Replies: 24
Views: 2032

Re: Best tool/technique for grill cleaning?

I use little copper colored scrubbing pads called Brillo Basics (no soap and much coarser than a regular Brillo pad) from the dollar store (3 for a $1). They seem to hold together ok and I probably get ten or so cleanings out of each before I toss it.
by pshonore
Mon Jul 03, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 13027

Re: Sam's Club vs. Costco

Like almost everything involving opinion on this forum, this discussion has devolved into an argument of anecdotes. There's no accounting for personal taste/preference. Tomorrow, after work, I'm heading to Costco to purchase a couple of USDA Prime briskets, which they've had for over a year now pri...
by pshonore
Mon Jul 03, 2017 10:07 am
Forum: Investing - Theory, News & General
Topic: Case Study: Broker speed of dividend payments
Replies: 81
Views: 13790

Re: Case Study: Broker speed of dividend payments

Would you say that an investor holding IJS (any ETF?) at TDAm and wanting to reinvest dividends, should reinvest manually (in order to aim for a good price) rather than automatically? thanks It is a personal thing. I want to take my dividends and invest them, but I don't necessarily want them reinv...

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