Search found 384 matches

by MrBobcat
Mon Jul 06, 2020 4:58 pm
Forum: Personal Consumer Issues
Topic: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?
Replies: 79
Views: 2953

Re: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?

Depends on what the purpose of your purchase is. I carried traditional wallets for decades, my last purchase was a Ridge wallet, I will never go back to a traditional wallet again.
by MrBobcat
Sat Jul 04, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 158
Views: 15311

Re: What to do with all this MONEY ?

2) We do have a Revocable Trust, to work around the Probate & such issues, we will look into monthly/yearly payments to our son if he does not mend his ways. ( In many ways he is a good kid, he is 28, takes care of his own expenses, says he pays his CC bill monthly, does not ask us for money, earns...
by MrBobcat
Fri Jul 03, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 92
Views: 4506

Re: Share your budget

My budget: Save about $100,000 a year. Spend the rest. The simplest budgets are very often the best. +1 I've found "pay yourself" first, spend the rest works much better than trying to save what's left after spending. Unfortunately that's not always possible when one's income is lower and one is tr...
by MrBobcat
Fri Jul 03, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 92
Views: 4506

Re: Share your budget

My budget: Save about $100,000 a year. Spend the rest. The simplest budgets are very often the best. +1 I've found "pay yourself" first, spend the rest works much better than trying to save what's left after spending. Unfortunately that's not always possible when one's income is lower and one is tr...
by MrBobcat
Thu Jul 02, 2020 4:45 pm
Forum: Personal Consumer Issues
Topic: Spiked Seltzers?
Replies: 46
Views: 3187

Re: Spiked Seltzers?

Osterix wrote:
Thu Jul 02, 2020 4:41 pm
If you’re looking for low calorie alcoholic beverage, I recommend buying Spindrift (carbonated water with real fruit juice) and adding Kirkland Signature French vodka. 💥
I wish the Costco's around here were allowed to sell liquor.
by MrBobcat
Thu Jul 02, 2020 4:43 pm
Forum: Personal Consumer Issues
Topic: Spiked Seltzers?
Replies: 46
Views: 3187

Re: Spiked Seltzers?

I see many brands of spiked seltzers in the local groceries? Are any of these good tasting? good tasting as in not cloyingly sweet, or if they use alternative sweeteners, no aftertaste? flavor true to form, as in, mango tastes mango-like? Do you recommend any? Thanks You can always just put a shot ...
by MrBobcat
Thu Jul 02, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 92
Views: 4506

Re: Share your budget

OP, why do you ask the question? What are your goals? I think I might be spending more than I should. So was curious to compare with people who are more frugal and force myself to downsize You're not going to find too many comparables. If you want to live on my budget you can, about $21K in fixed e...
by MrBobcat
Thu Jul 02, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 92
Views: 4506

Re: Share your budget

Op, given your income I don't think you're spending too much it's only about 40% of your after tax income and you still have kid expense. To me it's more of a quality of life issue. What would make you happier, spending less now to retire earlier and have more free time on the back end or enjoy more...
by MrBobcat
Wed Jul 01, 2020 3:34 pm
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 78
Views: 4288

Re: Buying house without realtors

So, our family is growing by leaps and bounds and we've been slowly looking for a larger space. We learned that some individuals who live in our same neighborhood are planning on selling this fall/early next year. After touring the house, we're interested in purchasing, and we had a conversation wi...
by MrBobcat
Mon Jun 22, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Career advice for a burnt out CPA
Replies: 42
Views: 4585

Re: Career advice for a burnt out CPA

Hi all, I graduated from UW-Madison in 2015 with a BBA in accounting and management/human resources. I liked accounting my first two years of college then started hating it but was so close to a degree that I finished up after changing my major to management/HR. Fast forward...I’ve been working in ...
by MrBobcat
Sat Jun 20, 2020 10:05 am
Forum: Personal Finance (Not Investing)
Topic: IRS Expands eligibility for Corona Virus Related Distributions
Replies: 62
Views: 5766

Re: IRS Expands eligibility for Corona Virus Related Distributions

Yes and yes. I hope the IRS keeps expanding and changing the rules so I can have the right to put my money where I can keep more of it. I wish the withdrawal amount was unlimited. I would move a lot more out. I hope so too. I'm infuriated that my wife's 403(b) is stuck with horrible investment opti...
by MrBobcat
Thu Jun 18, 2020 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for future home - overextending?
Replies: 19
Views: 1486

Re: Planning for future home - overextending?

I would not buy a dumpy fixer upper that needs immediate remodeling but a solid older house that needs updating might be worth considering. My first house had an avocado green kitchen long after that was fashionable, but it was functional so I was able to live with it for about five years until I h...
by MrBobcat
Tue Jun 16, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Parents in a tough situation for retirement
Replies: 117
Views: 13317

Re: Parents in a tough situation for retirement

Sell the house to your brother. Give him a good deal and walk away.
by MrBobcat
Fri Jun 12, 2020 3:51 pm
Forum: Personal Consumer Issues
Topic: Buying blinds
Replies: 16
Views: 865

Re: Buying blinds

blinds.com bought a boat load of window coverings from them over the years.
by MrBobcat
Wed Jun 10, 2020 4:36 pm
Forum: Personal Investments
Topic: Rent or Sell Townhouse in Seattle
Replies: 42
Views: 2876

Re: Rent or Sell Townhouse in Seattle

Are you still within the window of the capital gains tax exemption for primary home (occupied two of last five years)? If you can manage to sell within that window, I would exit this accidental investment. If you want more real estate exposure, you can get it from REIT funds. Less hassle, less risk...
by MrBobcat
Wed Jun 10, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent Tax Return using our Dependent's SSN
Replies: 17
Views: 1587

Re: Fraudulent Tax Return using our Dependent's SSN

We have just been notified by our tax guy that our electronically filed tax return has been rejected by the IRS because the Dependent SSN on our tax return (ie. my 17 yr old step child) was "used as a Dependent SSN on a previously filed tax filing for the same period". Does anyone have any experien...
by MrBobcat
Tue Jun 09, 2020 2:32 pm
Forum: Personal Investments
Topic: percentage of portfolio in Roth?
Replies: 72
Views: 3534

Re: percentage of portfolio in Roth?

If I wasn't able to max out all my tax advantaged savings I'd shoot for 50/50 between traditional/roth types of accounts just because my crystal ball isn't good enough to tell me what tax rates will be nor what tax bracket I'll be in when I retire. I expect they will be higher, but I don't know that...
by MrBobcat
Mon Jun 08, 2020 1:21 pm
Forum: Investing - Theory, News & General
Topic: Yet another private equity question
Replies: 29
Views: 1293

Re: Yet another private equity question

TomatoTomahto wrote:
Mon Jun 08, 2020 12:44 pm
Why were you targeted selected for this opportunity?

How would I approach it? With a barge pole.
Exactly my first thought. Along with you're special not everyone is being given this opportunity and you need to act quickly before it's too late.
by MrBobcat
Sat Jun 06, 2020 3:08 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24535

Re: What fun car should I get in the $150k - $200k range?

bob60014 wrote:
Sat Jun 06, 2020 1:57 pm
69 Dodge Charger R/T!
Finally someone with some sense, lol.

I was thinking 1966 Shelby GT350.
by MrBobcat
Wed Jun 03, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Selling wife's 1-year old car?
Replies: 86
Views: 6113

Re: Selling wife's 1-year old car?

Your wife is an adult and able to make her own decisions even if you disagree with them. A $33,000 car (that she likes) is not unreasonable given her income and assets. In the scheme of things this is not a battle worth having. I agree she's an adult making her own money and can do whatever she wan...
by MrBobcat
Wed Jun 03, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Selling wife's 1-year old car?
Replies: 86
Views: 6113

Re: Selling wife's 1-year old car?

Your wife is an adult and able to make her own decisions even if you disagree with them. A $33,000 car (that she likes) is not unreasonable given her income and assets. In the scheme of things this is not a battle worth having.
by MrBobcat
Tue Jun 02, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Score: Moves back and forth every couple of months
Replies: 30
Views: 1592

Re: FICO Score: Moves back and forth every couple of months

Mine does the same thing. I suspect for you it may be the credit utilization percentage. Try paying your balance every two weeks and see what happens. Yep. I run a lot of business expense through my personal card, sometimes it can get quite high and as a result my utilization is very high. If I don...
by MrBobcat
Wed May 27, 2020 4:10 pm
Forum: Personal Consumer Issues
Topic: HBO Max
Replies: 38
Views: 2983

Re: HBO Max

Signed up for the $12 deal but discovered that HBO Max will not work on Roku devices yet--perhaps soon. A lot of irate Roku users out there as I see from some of the comments on news stories. DD streams it on her Macbook and to a TV via Apple TV so we will keep this for now but I can't access it on...
by MrBobcat
Sun May 17, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: SBA webinars regarding PPP loan forgiveness
Replies: 21
Views: 1221

Re: SBA webinars regarding PPP loan forgiveness

So... if you're a small business who hasn't been impacted and who doesn't "need" the money to keep the business open and pay employees, it's legal to go ahead and apply if your request is less than $2M? No. For the self-employed the concern has been how to interpret the "necessity" certification re...
by MrBobcat
Sun May 17, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: SBA webinars regarding PPP loan forgiveness
Replies: 21
Views: 1221

Re: SBA webinars regarding PPP loan forgiveness

Thanks for sharing. Impatiently waiting for further guidance from the SBA on the economic necessity self-certification... Guidance was issued today. "Any borrower that, together with its affiliates, received PPP loans with an original principal amount of less than $2 million will be deemed to have ...
by MrBobcat
Tue May 12, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Hang on to old car or buy new one?
Replies: 38
Views: 2208

Re: Hang on to old car or buy new one?

My daughter Pebbles is driving a 2010 Acura MDX with 130,000 miles on it. She drives a fair amount. We are not handy, so we take the car to a mechanic for repairs. We are incurring repair expenses of about $1,500 per year for this and that. I drive a 2017 Honda CRV with about 50,000 miles on it. He...
by MrBobcat
Mon May 11, 2020 8:05 am
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 446
Views: 76928

Re: Good Modern Science Fiction

Iorek wrote:
Mon May 11, 2020 7:45 am

The murderbot novellas are very good (and short so you can easily decide if you like them) and the author just released a full length novel.
I loved the murderbot novellas and am very happy to hear about a new novel.
by MrBobcat
Sat May 09, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is my CPA overcharging me?
Replies: 24
Views: 3203

Re: Is my CPA overcharging me?

I’ll tell you what’s really tacky. I was using my mothers attorney to settle her estate. He made a material error which I caught. Then he billed me for the time to read my email regarding his error AND the time to fix it. When I first started working one of the partners found a mistake an attorney ...
by MrBobcat
Sat May 09, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is my CPA overcharging me?
Replies: 24
Views: 3203

Re: Is my CPA overcharging me?

When I was a practicing lawyer I would not bill for this type of request. It must have happened sometime during my 30 year career, but honestly I can’t remember any material fee issues. To my way of thinking billing you for the time to respond is a clear message… The CPA would like you to move on t...
by MrBobcat
Sat May 09, 2020 2:00 pm
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6246

Re: College age kid wrecked his car...

Hello Bogleheads. My college aged son hit a deer last night and totaled his car, he will need one to get to work/school. Fortunately he came through it unharmed. He graduates 2021. I figure I will need to pay $8,000 to $10,000 to replace the car. Not sure to finance or pay cash. I am 59 unemployed ...
by MrBobcat
Mon May 04, 2020 4:15 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Membership Question [Considering to drop membership]
Replies: 136
Views: 9606

Re: Amazon Prime Membership Question

Summit111 wrote:
Mon May 04, 2020 2:33 pm
We have Prime mainly for Prime Video, Music, Books, and photo storage...Shipping is secondary....

Summit
Been a Prime member since day one. Originally got it for the free shipping, kept it for all the other benefits.
by MrBobcat
Sun May 03, 2020 3:29 pm
Forum: Personal Consumer Issues
Topic: Powdered Soy Milk
Replies: 39
Views: 2222

Re: Powdered Soy Milk

Powdered milk is (or was once upon a time) an inexpensive alternative for milk. But now I’m looking for a similar alternative for soy milk. (I gave up most dairy several years ago when I discovered simply doing that rapidly dropped my cholesterol 200 points.) Locally in Seattle half gallons of soy ...
by MrBobcat
Wed Apr 29, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan ethics
Replies: 56
Views: 3826

Re: PPP Loan ethics

I am a physician, self employed, my LLC is contracted by a megacorp. My LLC is set up as S corp and i pay myself a w2 income along with distributions. I pay myself a 15k w2 salary, the rest is mostly distributions. I've applied for a 16.6k PPP loan. My hours in May decrease, my revenue usually is a...
by MrBobcat
Tue Apr 28, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Household budget advice please
Replies: 13
Views: 1096

Re: Household budget advice please

I've only have 3 broad budget items. Fixed expenses (Mortgage, utilities, etc.), Fixed savings and everything else. As long as "everything else" is not greater than Income minus fixed expenses and fixed savings I don't worry too much. If it is then I start analyzing everything else to see were cuts ...
by MrBobcat
Tue Apr 28, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7323

Re: How do you explain no COVID19 Stimulus Payment?

I would just tell the truth and not be evasive. Honesty is the best policy. So if less well off friends/relatives asked you exactly how much you make you'd be okay answering? For me, the answer is "depends" like it usually is. My closest friends I wouldn't have a problem telling them my income or m...
by MrBobcat
Mon Apr 27, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7323

Re: How do you explain no COVID19 Stimulus Payment?

Our income was/is too high for a COVID19 Stimulus payment, we don't mind not qualifying and we're in great financial shape (likely none of our friends or relatives are aware of that). We don't begrudge those that are eligible to receive them. That said we do get some inquiries and innuendo from fri...
by MrBobcat
Mon Apr 27, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7323

Re: How do you explain no COVID19 Stimulus Payment?

Nicolas wrote:
Mon Apr 27, 2020 11:53 am
I would just tell the truth and not be evasive. Honesty is the best policy.
So if less well off friends/relatives asked you exactly how much you make you'd be okay answering?
by MrBobcat
Sun Apr 26, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: IRS mistakenly refunded my nanny's 2019 estimated tax payment
Replies: 13
Views: 1047

Re: IRS mistakenly refunded my nanny's 2019 estimated tax payment

Does the $578 appear on line 7 of Schedule H of your tax return? Thank you for your response. The CPA did not file Schedule H- surepayroll ( the nanny payroll company filed it) On Line 7 schedule H- its federal income tax witheld of 193$. On Line 8- its approx 578$.(before FUTA) Was your CPA aware ...
by MrBobcat
Sat Apr 18, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 14053

Re: How many paid for kids' college?

Our kids (3) all got out of college debt free. All went to in state public universities. It was a combination of them working summers and saving their money for schools, scholarships (2 of them got fantastic scholarships) and mom and dad picking up the balance. We did not ever have enough money to f...
by MrBobcat
Wed Feb 19, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: Fidelity landing page - accounts randomly missing
Replies: 37
Views: 2109

Re: Fidelity landing page - accounts randomly missing

Website wasn't showing anything for me but was able to look at all balances on phone app.
by MrBobcat
Sun Feb 16, 2020 8:38 pm
Forum: Personal Investments
Topic: Fidelity Business Brokerage Account
Replies: 6
Views: 505

Re: Fidelity Business Brokerage Account

Following
by MrBobcat
Mon Feb 10, 2020 11:25 am
Forum: Investing - Theory, News & General
Topic: Fidelity lets clients now trade fractional shares of stocks and ETFs
Replies: 180
Views: 17241

Re: Fidelity lets clients now trade fractional shares of stocks and ETFs

yay, it got turned on in my android app today. Cleaned up my uninvested cash except for 3 - 7 cents per account. Of course not having that last 23 cents invested will still probably bother me. :P
by MrBobcat
Sun Feb 09, 2020 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to consider quitting my job?
Replies: 128
Views: 14135

Re: Am I crazy to consider quitting my job?

It's always nice to use this forum to gain a better perspective, which I could use right now. I have a good job. It's a stable job that pays well (read: Federal govt). I work 3 days a week and have been doing this for over 8 years. I've been with the gov't for a little over 10 years. I work in the ...
by MrBobcat
Sat Feb 08, 2020 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 12177

Re: Couples w/ kids: What is/was the most expensive time period of your life?

Our kid is still young. We will pay for in-state tuition. If our kids think it makes sense to spend 4-5x for the same piece of paper they are on their own. It is possible we will retire before they are in NYS colleges and we will be under the (current) 125k income threshold for free tuition. Kind o...
by MrBobcat
Sat Feb 08, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 12177

Re: Couples w/ kids: What is/was the most expensive time period of your life?

We had/spent no extra money beyond basic living expenses till the kids got out of college.
by MrBobcat
Tue Jan 28, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Social Security and S-Corp Income
Replies: 11
Views: 442

Re: Social Security and S-Corp Income

Diver4242 wrote:
Tue Jan 28, 2020 10:41 am
How is that "reasonable compensation" usually paid out for small S-corps? By dividends or the owner-shareholders taking draws? Or does it have to be salary/payroll?
Payroll.
by MrBobcat
Tue Jan 21, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: What are you doing differently this year?
Replies: 41
Views: 3654

Re: What are you doing differently this year?

1. Opening my wallet and letting out some moths for long overdue property and home upgrades. Big bucks. DW happy. :happy This. Just going to bite the bullet and finish up the rest of our house maintenance/improvements to do lists. Residing the house & garage (built in 1961, original siding, looking...
by MrBobcat
Mon Jan 20, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: CPA Question
Replies: 21
Views: 1494

Re: CPA Question

I was thinking the same thing $300 for quarterlies is a ripoff. Without knowing the nature, amount, and timing of the taxpayer's income, you really don't have enough information to make a judgment. For some high-income taxpayers, in some parts of the country, $300 per quarter could be a bargain. Re...
by MrBobcat
Sat Jan 11, 2020 11:36 am
Forum: Personal Consumer Issues
Topic: New Sewer Line 2 weeks after Home Purchase. Any Legal Recourse?
Replies: 75
Views: 6360

Re: New Sewer Line 2 weeks after Home Purchase. Any Legal Recourse?

We recently purchased a home. We did not get the sewer inspected. Within 8 days of being in the home, the basement flooded because of a backup in the sewer pipe. A plumbing company cleaned out the sewer pipe, and then 2 weeks later were able to send a camera through the sewer line to see roots dest...