Search found 6461 matches

by pshonore
Wed Jan 23, 2019 5:08 pm
Forum: Personal Consumer Issues
Topic: P-Trap and plumber woes
Replies: 27
Views: 1170

Re: P-Trap and plumber woes

Had this exact issue after a remodel actually, about two years ago. If i recall correctly, we found out that the leak wasn't actually coming from the downward connection where the tube hits the P-trap, but was actually coming from ABOVE where the tube was connecting to the sink (does that make sens...
by pshonore
Wed Jan 23, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: If you work in several states as a mngmt consultant, where do you file your taxes?
Replies: 18
Views: 1146

Re: If you work in several states as a mngmt consultant, where do you file your taxes?

Alright, I'll bite. Let's say I am a freelance consultant (1099, not W-2). I work for two weeks on a project in California at an office in California. I receive a check for that work a month later from that office's parent company based in New York. I live in, let's say, South Carolina. Let's say m...
by pshonore
Wed Jan 23, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Dishwasher Supply Hose Replacement
Replies: 9
Views: 381

Re: Dishwasher Supply Hose Replacement

Due to a mouse gnawing through the original rubber hose a few years ago, (flooded the kitchen) I replaced it with a metal braid hose, though in hindsight I probably should have replaced the supply line with copper. Last time I bought a dishwasher (about 10 yrs ago) which included free installation,...
by pshonore
Wed Jan 23, 2019 12:22 pm
Forum: Personal Consumer Issues
Topic: Constellation offer (electricity and gas) in MA
Replies: 12
Views: 627

Re: Constellation offer (electricity and gas) in MA

I've never quite understood how that whole business works. I assume operators like Town Square and Clear Choice who likely are not generating power buy kWs in the wholesale market and there's some sort of "clearing house" where there $ paid to TownSquare get transferred to the distribution company o...
by pshonore
Wed Jan 23, 2019 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 81
Views: 13416

Re: Merrill Edge best choice for higher net worth accounts?

I will probably have to ask Merrill Edge this question, but maybe someone here knows. My IRA is currently at Fidelity and is 100% invested in some AQR funds. I can't tell from the tools available on ME without opening an account whether I can continue to hold them at ME. I have QSPIX, QSMLX, QICLX,...
by pshonore
Wed Jan 23, 2019 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 81
Views: 13416

Re: Merrill Edge best choice for higher net worth accounts?

Currently the ME/BOA reward structure is maximized at $100k. So depending on your definition of “higher NW accounts,” you likely don’t need to transfer all your assets to ME to qualify. If you have a local BOA branch and/or find the credit card booster worthwhile, I think it is worth using. Car loa...
by pshonore
Wed Jan 23, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Dishwasher Supply Hose Replacement
Replies: 9
Views: 381

Re: Dishwasher Supply Hose Replacement

Doing this on a washing machine is not a bad idea either.
by pshonore
Wed Jan 23, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: If you work in several states as a mngmt consultant, where do you file your taxes?
Replies: 18
Views: 1146

Re: If you work in several states as a mngmt consultant, where do you file your taxes?

OP, this isn't your firms first rodeo. They should be able, no, they BETTER, help you navigate accordingly to include issuing you W2's for each state based on that states rules. Some are time based, some are amount based, etc as already mentioned. Short of that, hire a tax professional this year an...
by pshonore
Wed Jan 23, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Home insurance going up every year...
Replies: 17
Views: 1112

Re: Home insurance going up every year...

Most all companies constantly raise rates, the only difference being larger increases less frequently or smaller increases just about every renewal. What further aggravates the increases is switching to the lowest cost carrier. The lower the premium, generally the closer you are to larger increases...
by pshonore
Tue Jan 22, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: Constellation offer (electricity and gas) in MA
Replies: 12
Views: 627

Re: Constellation offer (electricity and gas) in MA

Does the 12 cents include the fees and taxes and charges and taxes on fees and fees on the charges? I know I'm at 19 point something all in with eversource and that only half of that is for electricity. If all the same BS is applied to 12, I'd expect to see 24/kWHr all in. I don't see any extra fee...
by pshonore
Tue Jan 22, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendation Tax Software --- LLC and Joint Filing
Replies: 6
Views: 221

Re: Recommendation Tax Software --- LLC and Joint Filing

LLCs are disregarded entities for Federal tax. That means depending on your business structure, you'll either prepare Schedule C of Form 1040 if you're a sole proprietor , or you get a K1 form from a partnership or S-Corp. The latter two will require a separate return which would be a real challenge...
by pshonore
Tue Jan 22, 2019 2:20 pm
Forum: Personal Consumer Issues
Topic: Hotels in New Haven, CT and Philadelphia
Replies: 11
Views: 653

Re: Hotels in New Haven, CT and Philadelphia

You might have more options if you take a MetroNorth train to NYC (Grand Central station) and then go to Penn Station and hop on Amtrak to Philly. MetroNorth is the major commuter line to NYC from New Haven with many daily trains and stops in a lot of towns along the CT shore (including West Haven) ...
by pshonore
Tue Jan 22, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 471
Views: 107756

Re: Bank of America/Merrill Edge - Preferred Rewards

I think Bank of America / Merrill Edge is the best mortar banking/investing combo out there. It sure does beat Chase or Wells Fargo. Bank of America Checking and Savings aren't anything special but do get the job done. At the platinum honors level ($100k+) you get a lot of perks like waived ATM fee...
by pshonore
Sun Jan 20, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax Forms Now Online
Replies: 67
Views: 6882

Re: Vanguard Tax Forms Now Online

Longdog wrote:
Sun Jan 20, 2019 4:07 pm
TravelGeek wrote:
Sun Jan 20, 2019 12:56 am
Oh, and the IRS, who sent me a letter today telling me that I received interest from them and need to report it. :shock:
U.S. Treasury interest? Or something else?
Perhaps interest on a delayed refund?
by pshonore
Sun Jan 20, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Buy house without agent
Replies: 55
Views: 4355

Re: Buy house without agent

... I've always thought title insurance here is a rip off. I mean, they do all these title searches so the chances of something being missed is quite small. I wonder what the actual pay out rate is. ... Much of what you're paying is for the search. They have to search the chain of title, and for an...
by pshonore
Sun Jan 20, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax Forms Now Online
Replies: 67
Views: 6882

Re: Vanguard Tax Forms Now Online

My 1099R for 2018 Roth conversions is available at both VG and Fido.
by pshonore
Sun Jan 20, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Taxable social security and medicare payments
Replies: 7
Views: 636

Re: Taxable social security and medicare payments

No, SS amount SUBJECT to tax is not reduced by Medicare premiums. Up to 85% of your SS may be taxed depending on your total income. Tons of threads on this if you do a search ("ss taxability"). There are also online calculators for that ("ss taxability calculator")
by pshonore
Sun Jan 20, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: Buy house without agent
Replies: 55
Views: 4355

Re: Buy house without agent

... I've always thought title insurance here is a rip off. I mean, they do all these title searches so the chances of something being missed is quite small. I wonder what the actual pay out rate is. ... Much of what you're paying is for the search. They have to search the chain of title, and for an...
by pshonore
Fri Jan 18, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gains on house sale
Replies: 16
Views: 1218

Re: Capital gains on house sale

Closing costs are generally deductible for basis purposes (technically they increase basis and reduce gain) including the original closing when they purchased the house as well as refinances . Things like attorney fees, deed fees,etc certainly qualify for deductions if they were not taken in the yea...
by pshonore
Fri Jan 18, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains on house sale
Replies: 16
Views: 1218

Re: Capital gains on house sale

There is an IRS booklet (publication 523) on "selling your home" which will provide some basic guidance on the tax situation. Essentially all the costs of selling (real estate commissions, transfer taxes, other fees) get deducted from the sales price in establishing the gains. Similarly, improvemen...
by pshonore
Fri Jan 18, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains on house sale
Replies: 16
Views: 1218

Re: Capital gains on house sale

Hi, I’m trying to understand the new tax rules on capital gains. If you make less than a certain amount of income, I saw the capital gains is 0%? Does that income count the profit in the capital gains itself? For instance, my parents are retired- mom collects 1100 monthly and dad $600 monthly (he’s...
by pshonore
Fri Jan 18, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"
Replies: 159
Views: 16466

Re: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"

Anyone know how tell (ahead of time) how a merchant is coded? I'd love to get 5.25% on my fuel oil delivery. Sounds like that is considered to be "gas"
by pshonore
Mon Jan 14, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mowing Business
Replies: 11
Views: 1796

Re: Mowing Business

Hiring an employee may just eat up a large portion of his profits. He'll have to get Workers Comp insurance, match the guy's FICA, and possibly other benefits as well.etc. And good help can be tough to find. A friend of mine is finding that out right now. I think what he might be most worried about...
by pshonore
Sun Jan 13, 2019 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: What is right place for MLPs in portfolios?
Replies: 20
Views: 1352

Re: What is right place for MLPs in portfolios?

Definitely in a tax-advantaged account. Do not hold in a brokerage/taxable account. Made that mistake and though not difficult to file the taxes, you have to wait forever for the K1. Dumped the MLP I had in 2017. This will be the first tax filing season without it! Some quality MLPs have a good tra...
by pshonore
Sun Jan 13, 2019 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: What is right place for MLPs in portfolios?
Replies: 20
Views: 1352

Re: What is right place for MLPs in portfolios?

Thanks for your replies. There are many points shared in this thread. What is the place, we can find about k1 or 1099 , and kind MLP and its UBTI component ? If UBTI is below $1000, then there isn't a filing requirement for holding MLPs in an IRA. Is it for Per MLP or all MLPs in Portfolio? It is p...
by pshonore
Thu Jan 10, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mowing Business
Replies: 11
Views: 1796

Re: Mowing Business

Hiring an employee may just eat up a large portion of his profits. He'll have to get Workers Comp insurance, match the guy's FICA, and possibly other benefits as well.etc. And good help can be tough to find. A friend of mine is finding that out right now.
by pshonore
Mon Jan 07, 2019 8:20 pm
Forum: Personal Consumer Issues
Topic: Best town I've never heard of [for relocating]
Replies: 137
Views: 20427

Re: Best town I've never heard of [for relocating]

Two phrases that have always rung true to me: 1. Life is full of little compromises. 2. You can't always get what you want, but if you try...you might get what you need (paraphrased, but with full credit to Mick Jagger). Perfect climate, great schools, near a city, airport, not too expensive? OP di...
by pshonore
Mon Jan 07, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: How to save on prescription drug costs?
Replies: 43
Views: 2662

Re: How to save on prescription drug costs?

I have used GoodRx for my last 2 prescriptions. Celebrex from $205.- down to $38.- for 3 month supply Cancer meds from $86.- down to $40.- also for 3 month (You can get the meds even cheaper if you join their monthly membership, around 10.- or so) Go on-line, type in the name to find out which phar...
by pshonore
Mon Jan 07, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Filing 2 Member LLC Taxes for First Time - TurboTax, TaxAct, or Paper?
Replies: 15
Views: 433

Re: Filing 2 Member LLC Taxes for First Time - TurboTax, TaxAct, or Paper?

Formed an 2 member LLC late last year (Q4) for online business my wife and I run. We don't earn enough (yet!) to justify having an accountant charge us 4 figures to do our taxes, but since we are just starting out I want to make sure I do it correctly. Looks like I need something like TurboTax Busi...
by pshonore
Sun Jan 06, 2019 12:14 am
Forum: Personal Finance (Not Investing)
Topic: FSA plus child care tax credit?
Replies: 1
Views: 202

Re: FSA plus child care tax credit?

We are a relatively high earner family, and both my wife and I are employed and we have 1 child. This is the first year (2018) we are doing taxes having a dependent. I know the typical FSA max for childcare is $5,000 and the childcare tax credit is only $3,000 per child up to a max of $6000. We too...
by pshonore
Sun Jan 06, 2019 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Brokerage Tax Information and Estimated Taxes
Replies: 9
Views: 773

Re: Brokerage Tax Information and Estimated Taxes

I'm estimating my tax payment for q4 2018. Vanguard funds distributed a large sum in capital gains distributions,, so some taxes are due. I have several online brokerage accounts (including VG). Unfortunately, while almost all give an estimate of income, they just show dividends without indicating ...
by pshonore
Sat Jan 05, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: New marketing twist on Extended Warranties? Cost of replacing Sensors if you wreck your new SUV
Replies: 44
Views: 2684

Re: New marketing twist on Extended Warranties? Cost of replacing Sensors if you wreck your new SUV

Accident related costs would be covered by auto insurance not the warranty. An extended warranty is not worth it in general, and I find it funny they’re trying to sell it on the basis of a greater number of chips. Silicon boards don’t normally wear out unless exposed to water and elements. Unless t...
by pshonore
Fri Jan 04, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tax implications of long term care services paid from IRA
Replies: 4
Views: 452

Re: Tax implications of long term care services paid from IRA

If you live in an income tax state, be aware that the treatment may be different for State purposes. As an example, in CT state taxes start with Federal AGI and there are no itemized deductions so any Tradtional IRA withdrawals increase your state income. (QCDs excepted)
by pshonore
Mon Dec 31, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Taxes incorrectly withheld - avoiding penalties
Replies: 9
Views: 652

Re: Taxes incorrectly withheld - avoiding penalties

Timing matters. According to Safe Harbor rules, when making estimated payments, your required total payment is due in roughly quarterly installments (4/15, 6/15, 9/15, 1/15). If the bonus was received after Sep 15, you can use the very complicated "AI" method of calculating the penalty which takes ...
by pshonore
Sun Dec 30, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 5696

Re: Home Heating Advice

What's a "leaky envelope"? Some folks think building a house with a fireplace is thing of the past although I don't see that happening in central CT. Too many Colonials. Not sure how they feel about wood stove flues though. TOH is currently redoing a house to be "net zero" in Jamestown RI. They seld...
by pshonore
Sun Dec 30, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Sale of fractional oil rights property
Replies: 2
Views: 218

Re: Sale of fractional oil rights property

Did you claim depletion over the years? That sometimes gets recaptured upon sale (to the extent of net profit)
by pshonore
Sat Dec 29, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2299
Views: 400191

Re: What are you up YTD? [Year To Date]

Down 4.8% across my investment accounts with a 55/45 (stock/bond) allocation. My spouse is down 0.1%, which is 100% VTINX (Vanguard Target Retirement Income Fund). VG Fund page shows VTINX as -2.3% YTD as of 12/28. The 1 yr avg annual return is -0.09% as of 11/30/18 (which will update Monday of cou...
by pshonore
Sat Dec 29, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Question regarding Roth IRA and State Pension
Replies: 4
Views: 396

Re: Question regarding Roth IRA and State Pension

No issues opening and investing in a Roth IRA. Make sure you have "earned" income that exceeds the amount you are investing. This would be from a W-2 position or a 1099 position (see the definitions on the IRS site about earned income). Roth IRA rules could change in the future, but as it stand, yo...
by pshonore
Fri Dec 28, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1204

Re: QCD, RMD, and Roth conversions

Multiple QCDs are simple at Fido. Would imagine Schwab is similar but can't say for sure
by pshonore
Fri Dec 28, 2018 8:56 pm
Forum: Investing - Theory, News & General
Topic: Social security deferral and COLA's
Replies: 17
Views: 1354

Re: Social security deferral and COLA's

Here's a simple example. Lets say your PIA at 66 (FRA ) is $2600. There are 2 colas (1.8% and 3.2% - made up numbers) in two of the years between FRA and age 70. At age 70, your benefit will be 2600*1.32*1.018*1.032 = 3605.58 . In other words the COLAs will "compound"; and the order of the COLAs doe...
by pshonore
Fri Dec 28, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you lose the state capital loss carryover if you move?
Replies: 1
Views: 231

Re: Do you lose the state capital loss carryover if you move?

The answer is probably yes. Since a lot states start the tax calculation with Federal AGI (which includes any loss carryovers) it may be a moot point
by pshonore
Mon Dec 24, 2018 5:07 pm
Forum: Investing - Theory, News & General
Topic: How Fidelity Determines ETF Reinvestment Price
Replies: 7
Views: 901

Re: How Fidelity Determines ETF Reinvestment Price

I've been wondering how Fidelity determines the reinvestment price on dividend and capital gain distributions on ETF's. Here's what the Fidelity CS rep had to say: Dividend reinvestments are priced at the average price that the security is purchased by Fidelity. Fidelity identifies all customers th...
by pshonore
Sun Dec 23, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Are some insurance polcies philosophically similar to gambling?
Replies: 57
Views: 2894

Re: Are some insurance polcies philosophically similar to gambling?

Recommended reading on this topic is: The Vice of Gambling and The Virtue of Insurance by George Bernard Shaw. Discussion of gambling is not allowed on this board (It is a vice!), even though it is mathematically the same endeavor considered in the purchase of insurance (It is a virtue) which is al...
by pshonore
Wed Dec 19, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2018 offerings question
Replies: 2
Views: 302

Re: Turbo Tax 2018 offerings question

All CD/download versions of TT handle the same forms, including self employment income and the 20% QBI deduction. There may be more "guidance" in the more expensive versions but probably not better than what you'll get by asking here.
by pshonore
Mon Dec 17, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 22371

Re: What are your property taxes?

I am not sure I understand the question, but a $40k pick up truck for personal use would incur the car tax. The amount of the property tax in Virginia depends on where you live: what "locality" you live in. So cars are taxed depending where one lives? Are the tax rates with names published as they ...
by pshonore
Fri Dec 14, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: MLP's [Master Limited Partnership]
Replies: 26
Views: 1644

Re: MLP's

A lot of K-1 forms can be handled pretty easily with tax software but there are cases where there are complexities. Can't speak for MLPs issued from the Oil Industry in Texas. So I am in the middle on this, somewhere between the CPA here and the guy who says that he just uploads into TurboTax. It i...
by pshonore
Thu Dec 13, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: MLP's [Master Limited Partnership]
Replies: 26
Views: 1644

Re: MLP's

Some MLP's fire off K1 statements. Been there, done that. What a hassle. tay away, just put your money in low cost index funds. 2) When you sell, your cost basis is not what you paid; it is what you paid minus untaxed distributions. Thus you need to track the yearly distributions for as long as you...
by pshonore
Thu Dec 13, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Apple Store For Vets & Active Military
Replies: 9
Views: 1408

Re: Apple Store For Vets & Active Military

Can anyone explain to me the verification process? I’m just wondering how strict they are in enforcing. Seems like a rare opportunity to score 10 percent off normally full-price apple kit. You'll be clicking the following statement I agree and certify that I am of at least 18 years of age and a cur...
by pshonore
Thu Dec 13, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Homeowner Insurance Deductible Amount?
Replies: 19
Views: 1221

Re: Homeowner Insurance Deductible Amount?

Insure only what you can't afford to lose. If an extra $2,500 deductable ($5,000 in total) wouldn't be a hardship in the case of a disaster take advantage of the $600 / premium reduction. In all liklihood, you'll break even in just over 4 years by choosing the higher deductable and lower premium. W...
by pshonore
Thu Dec 13, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Which Turbotax
Replies: 16
Views: 1438

Re: Which Turbotax

You need Premiere for schedule E. Can't speak for the online versions but the CD/Download versions (Deluxe, Premiere, Home and Office) all support the same forms. If they support the same forms, why are there different versions? Supposedly the interview questions are more detailed in the more advan...