Search found 166 matches

by boomer_techie
Mon Nov 18, 2019 3:57 am
Forum: Personal Investments
Topic: Tax Gain Harvesting and Dividend Schedule
Replies: 36
Views: 1791

Re: Tax Gain Harvesting and Dividend Schedule

Since OP has 0% space to spare, he should maximize his LTCG and QDivs. Selling before the div maximizes his LTCG. He should also "buy the dividend" since he'll get that tax-free too (as long as it's qualified). That way his new shares have a higher basis (compared to buying post dividend and assumi...
by boomer_techie
Fri Nov 15, 2019 2:40 am
Forum: Personal Finance (Not Investing)
Topic: Estimated taxes, safe harbor question
Replies: 8
Views: 619

Re: Estimated taxes, safe harbor question

For FY 2019, we had a Great Taxable Event in July. My question is: do I need to pay the taxes on the Great Taxable Event by January 15? For the event in July, you needed to have made an estimated payment by September 15th, um, September 16th due to "reasons". If you make that payment now , you'll o...
by boomer_techie
Thu Nov 14, 2019 2:58 am
Forum: Personal Consumer Issues
Topic: Los Angeles to San Francisco Roadtrip
Replies: 29
Views: 1980

Re: Los Angeles to San Francisco Roadtrip

I'd just note that a number of the suggestions which might be great ones aren't on the PCH (as most people in the US know it, though people from CA seem to prefer to call it Hwy 1) Southern Californians call it PCH ("pea-sea-eitch"), while Northern Californians call it Highway 1. Keep this in mind ...
by boomer_techie
Tue Nov 12, 2019 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 63
Views: 4977

Re: Homebuying in Los Angeles - Advice Needed

Some form of earthquake insurance (with a high deductible) would be good. Single story wood framed homes do very well in earthquakes. In a good shaker there will be damage, but the house won't be wiped out. Perhaps avoid areas obviously threatened by fire? I don't know if you can insure for wildfir...
by boomer_techie
Tue Nov 12, 2019 6:15 am
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 49
Views: 6982

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

$1.25M in real estate generating $7k in monthly rent before taxes and expenses ($84k annually) Did your friend buy a four bedroom Silicon Valley house, is living in one bedroom, and is renting out the other three; or buy a pair of Midwest four-plexes, is living in one unit, and is renting the other...
by boomer_techie
Mon Nov 04, 2019 5:03 am
Forum: Investing - Theory, News & General
Topic: FORECAST function vs. fund dividends
Replies: 4
Views: 398

Re: FORECAST function vs. fund dividends

Update: Found a way to eliminate the impact of skipped dividend payments. First discovered that the FORECAST function ignores input samples that are blank. This made the following change easy. When a fund skips a payment, I now feed FORECAST a blank input sample for this payment. Then, I assume the ...
by boomer_techie
Sun Nov 03, 2019 5:43 am
Forum: Personal Finance (Not Investing)
Topic: Net Investment Income Tax and SALT deduction cap
Replies: 46
Views: 5707

Re: Net Investment Income Tax and SALT deduction cap

So, according to TT, only if one itemizes, one can deduct only up to the SALT cap even if state and local income taxes attributable to NII are greater than $10k. Quite possibly the makers of tax preparation software are taking the most conservative approach on unlitigated issues - they don't want t...
by boomer_techie
Thu Oct 31, 2019 3:55 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 7427

Re: Worried I am getting addicted to individual stocks.

At the end of the month, I still have some additional cash flow, and for the last year or so, I have been buying individual stocks. ... I am currently at approximately 30 stocks across many industries. My intent is to hold these stocks for the long term - 10+ years, and I am comfortable with the vo...
by boomer_techie
Thu Oct 31, 2019 3:21 pm
Forum: Personal Consumer Issues
Topic: Request for Site that Searches OEM Car Parts Lists With Superceded Parts and Substitutes (Alftermarket Parts)
Replies: 11
Views: 661

Re: Request for Site that Searches OEM Car Parts Lists With Superceded Parts and Substitutes (Alftermarket Parts)

Thank you very much!! Valuable input that makes sense. Certainly the OEM manufacturer would not want to expend $ to develop systems whereby consumers could buy save money by buying different versons of the same OEM part for less. For example, you gave the example of the Initial Part A, which was su...
by boomer_techie
Thu Oct 31, 2019 3:32 am
Forum: Personal Consumer Issues
Topic: Request for Site that Searches OEM Car Parts Lists With Superceded Parts and Substitutes (Alftermarket Parts)
Replies: 11
Views: 661

Re: Request for Site that Searches OEM Car Parts Lists With Superceded Parts and Substitutes (Alftermarket Parts)

My question is this: Can someone point me in a direction to a website or other method that will allow a laymen to trace OEM part numbers/names thru the maze of OEM superceded and aftermarket substitute parts? The problem is that anyone with such a database will consider it a proprietary trade secre...
by boomer_techie
Wed Sep 18, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Major home renovations and Recessions... Good or bad?
Replies: 11
Views: 1226

Re: Major home renovations and Recessions... Good or bad?

During recessions, the demand for home renovations goes down because fewer people can afford them. In a prolonged downturn, the demand for renovations may actually go up: There may be people who would like to move up to a bigger/fancier house, but can't afford to switch houses. What they can afford...
by boomer_techie
Tue Sep 17, 2019 2:28 am
Forum: Personal Finance (Not Investing)
Topic: Why does my mom need a home appraisal?
Replies: 26
Views: 2425

Re: Why does my mom need a home appraisal?

One big question would revolve around whether your dad had a will when he passed. If he did not, it can get complicated very quickly. In many states a surviving spouse gets 50% of an estate and children split the other 50 equally if there is no will. I do not know about CA specifically. This thread...
by boomer_techie
Tue Sep 17, 2019 1:21 am
Forum: Personal Finance (Not Investing)
Topic: IRS Direct Pay down?
Replies: 11
Views: 1188

Re: IRS Direct Pay down?

Although probably not helpful, I typically schedule my payments in advance. So for the Q3 payment, I logged in on Fri Sept 6th and scheduled the payment for Fri the 13th. ... I typically don't like to wait to the last moment to send the payment. I schedule these sorts of payments to happen several ...
by boomer_techie
Sat Sep 07, 2019 4:21 am
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 111
Views: 8084

Re: BofA ShopSafe going away

BofA ShopSafe going away Another regular user of ShopSafe here... Once upon a time I made a purchase from a small web merchant. The order arrived just fine. However... my card number and shipping information was apparently stolen. Within weeks it was used to "purchase" some sort of custom web site....
by boomer_techie
Wed Aug 21, 2019 4:29 am
Forum: Personal Finance (Not Investing)
Topic: Foreign tax credit / Form 1116
Replies: 9
Views: 536

Re: Foreign tax credit / Form 1116

I have no other foreign income/investments other than this account and did not pay foreign tax so I am puzzled. Just because you didn't actively pay foreign income tax doesn't mean that foreign tax wasn't paid. I have had more than one ETF that earns foreign income. The ETF's pay dividends. The ETF...
by boomer_techie
Sat Aug 17, 2019 8:18 am
Forum: Personal Consumer Issues
Topic: Neighbor's FIOS cable running over my yard
Replies: 52
Views: 7026

Re: Neighbor's FIOS cable running over my yard

The same thing happened to me, and i was able to force the cable company (Time Warner) to move the cable to another pole. The service drop does not need to come from a pole. It can come from the middle of a span. My neighborhood has numerous phone lines connected that way: Individual lines come out...
by boomer_techie
Sat Aug 17, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: first round ticket to US Open Tennis 2019
Replies: 19
Views: 2103

Re: first round ticket to US Open Tennis 2019

Resurrecting this thread. I'm curious as to whether the OP intends to still try and see Serena at the US Open as it starts in just 10 days or so. I've been a volunteer seat usher for a number of years at a different tournament - and consequently have seen Serena (and Venus) play/win/lose. I wonder ...
by boomer_techie
Sat Aug 17, 2019 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Niece divorce - house questions
Replies: 44
Views: 3928

Re: Niece divorce and house

Flyer24 wrote:
Thu Aug 15, 2019 10:38 pm
Which is it? Jpohio or Johio
I think this answers the "which state" question in regards to community property or not: I presume the OP is in Ohio.
by boomer_techie
Sat Aug 17, 2019 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Need Creative Solutions for Billing Expenses to Renter
Replies: 27
Views: 2462

Re: Need Creative Solutions for Billing Expenses to Renter

You're going to need to call an electrician. Where the power enters your property and where it branches off to the outbuilding will determine the complexity of installing a second meter. In most locales your electrician will prep everything and then the electric utility will come out and install th...
by boomer_techie
Thu Aug 15, 2019 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Need Creative Solutions for Billing Expenses to Renter
Replies: 27
Views: 2462

Re: Need Creative Solutions for Billing Expenses to Renter

1) The most straightforward approach is to see if the electric company (and other utilities) can install separate meters. There's no reason to involve the utility. It is possible to buy one's own private meter. Then all that's (officially) needed is a building permit and a licensed electrician. Not...
by boomer_techie
Fri Aug 09, 2019 4:01 am
Forum: Personal Investments
Topic: Estimated taxes due to capital gains/losses across periods
Replies: 12
Views: 1050

Re: Estimated taxes due to capital gains/losses across periods

Got twisted around between https://www.irs.gov/pub/irs-prior/i2210--2018.pdf and https://www.irs.gov/pub/irs-pdf/p505.pdf, looking for something that specified how much of a capital loss is allowed for each period in Schedule AI. It's probably there somewhere - one could assume $3000/365*(number of...
by boomer_techie
Thu Aug 08, 2019 3:42 am
Forum: Personal Finance (Not Investing)
Topic: San Jose (CA) cost of living
Replies: 36
Views: 4108

Re: San Jose (CA) cost of living

No particular neighborhood in San Jose selected yet...would prefer being within 5 miles of downtown. There's no "downtown" in downtown San Jose. There's transit connections, homeless people, and a few random shops. And towers - office and recently residential - existing, under construction, and/or ...
by boomer_techie
Tue Jul 23, 2019 4:39 pm
Forum: Personal Investments
Topic: Update from when you helped this physician newbie
Replies: 72
Views: 9014

Re: Update from when you helped this physician newbie

You've allocated $1500 for the education of someone elses kid (which in theory is a genuinely benevolent gesture) but it's out of line to prioritize paying for your own education? Not just $1500 once. Instead, $1500 now and $600/year for who knows how long. Instead of shackling themselves with annu...
by boomer_techie
Tue Jul 23, 2019 4:24 pm
Forum: Personal Investments
Topic: Parking cash: Money market or 1 month CD's?
Replies: 15
Views: 1552

Re: Parking cash: Money market or 1 month CD's?

Does Schwab not automatically take funds from MMF for settlements as needed?[...] Also, have you tried calling them up to see if they can change your settlement account back to a Money Market Fund? They did for years. I think they were doing it years ago when I first signed up. Wherever they parked...
by boomer_techie
Tue Jul 23, 2019 11:41 am
Forum: Personal Investments
Topic: Parking cash: Money market or 1 month CD's?
Replies: 15
Views: 1552

Re: Parking cash: Money market or 1 month CD's?

Where are the funds you intend to sweep into the MMF? Just the cash component of a brokerage account. For many years it was automatically swept into an MMF. No actions were required to use the funds. It was possible to buy securities, or transfer to checking with no advance preparation. Now with no...
by boomer_techie
Tue Jul 23, 2019 8:55 am
Forum: Personal Investments
Topic: Parking cash: Money market or 1 month CD's?
Replies: 15
Views: 1552

Re: Parking cash: Money market or 1 month CD's?

Based upon what you said in the first paragraph, I would do what you suggest in the 2nd one - leave the money in a MMF. OK. So when I get out my manual broom to move funds into the MMF, how much should I leave behind? I have an interesting sequence coming up: Tomorrow a sizeable dividend will arriv...
by boomer_techie
Tue Jul 23, 2019 8:21 am
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 101
Views: 6289

Re: From ex-dividend to distrubution where is my money?

As for why it takes three weeks to get my money is another story. :confused I have a stock that (according to historical data) goes ex-dividend in mid April. This dividend is paid at the start of June. That means there are 6 to 7 weeks for a shareholder to sell the stock and realize a capital gain ...
by boomer_techie
Tue Jul 23, 2019 7:22 am
Forum: Personal Investments
Topic: Parking cash: Money market or 1 month CD's?
Replies: 15
Views: 1552

Re: Parking cash: Money market or 1 month CD's?

remomnyc wrote:
Tue Jul 23, 2019 6:50 am
Is the 1-mo CD rate significantly better than SWVXX?
Just checked: SWVXX is 2.15% APY. 1 month CD's at up to 2.069% APY (2.050% coupon rate)

I presume SWVXX will drop if the fed drops, while the CD of course locks in the rate for a month.
by boomer_techie
Tue Jul 23, 2019 6:23 am
Forum: Personal Consumer Issues
Topic: New house... need to buy fridge and washer & dryer
Replies: 44
Views: 3655

Re: New house... need to buy fridge and washer & dryer

I vowed to myself to never buy another Maytag appliance again. Maytag has been a Whirlpool owned brand for several years. Thus Whirlpool, Kitchen Aid, Maytag, and Amana are all Whirlpool. Kenmore was too, but now is a mix of manufacturers. FYI, the big domestic appliance makers consolidated down to...
by boomer_techie
Tue Jul 23, 2019 6:05 am
Forum: Personal Investments
Topic: Parking cash: Money market or 1 month CD's?
Replies: 15
Views: 1552

Parking cash: Money market or 1 month CD's?

Last year Schwab changed cash sweeps away from money market and into "bank" savings. I somewhat belatedly noticed and started parking cash in 1 month CD's, each month evaluating how much ready cash I might need in the following month. Reading the forums here I learned where Schwab is "hiding" their ...
by boomer_techie
Tue Jul 23, 2019 3:47 am
Forum: Personal Finance (Not Investing)
Topic: Help figuring out how to enter SALT (state tax) deduction data in Turbotax
Replies: 20
Views: 875

Re: Help figuring out how to enter SALT (state tax) deduction data in Turbotax

[...] So my state/local taxes could be as high as $20k to $30k this year.[...] That puts my combined property tax and state/local tax paid for 2019 at around $5250, or $4750 short of the $10k limit. Should I make sure I pay an extra $4750k of my estimated DC taxes in 2019 to ensure that I get the f...
by boomer_techie
Thu Jun 27, 2019 6:47 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25467

Re: Crypto bulls are back. Are you getting in?

What is to stop someone from creating fake blocks for the first three years and then linking the senior grade block back through the chain of old fake blocks? In the case of bitcoin itself, retroactive changes are made impractical by the large aggregate hash rate. But if this is on some other block...
by boomer_techie
Wed Jun 26, 2019 6:32 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25467

Re: Crypto bulls are back. Are you getting in?

Until then, I stand by what I said. Blockchain is a slow, cumbersome and expensive solution in search of problems that have already been solved. In its simplest form, a blockchain is simply a set of blocks where each block has a hash of the previous block. There's no requirement to be slow, cumbers...
by boomer_techie
Wed Jun 26, 2019 6:14 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25467

Re: Crypto bulls are back. Are you getting in?

How is it recovered? Does that mean you have your information online somewhere as well? No longer safe. It is recovered via a set of words you've chiseled into a rock that you've buried in the garden. Or written on a piece of paper in your safe. These words are an encoding of a 256 (or 128) bit num...
by boomer_techie
Wed Jun 26, 2019 5:57 am
Forum: Investing - Theory, News & General
Topic: Why is the risk of loss greater in a concentrated portfolio?
Replies: 27
Views: 1901

Re: Why is the risk of loss greater in a concentrated portfolio?

nisiprius wrote:
Tue Jun 25, 2019 9:27 am
Which is better? A concentrated bet, putting all $38,000 on #5? Or diversifying, betting $100 each on all 38 numbers?
If you're betting on all 38 with every spin, you better be tipping the croupier. In other words, funds have expenses that won't apply to someone having a selection of securities.
by boomer_techie
Fri May 31, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home and renting out the extra bedrooms
Replies: 22
Views: 2519

Re: Buying a home and renting out the extra bedrooms

Happy to be proved wrong but I don't agree that I wouldn't be better off if my share of the rent is the same 1/N in either case. In the case of buying and renting out rooms, I'd also be building up home equity. Of course neither of side of this argument factors in additional maintenance costs, oppo...
by boomer_techie
Fri May 31, 2019 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home and renting out the extra bedrooms
Replies: 22
Views: 2519

Re: Buying a home and renting out the extra bedrooms

Assuming I could rent out two of the bedrooms for $800/mo a piece, that leaves my personal monthly cost at ~$900/mo. My gut feel is that the rent you collect from roommates should cover the entire mortgage payment*. Your contribution to the finances should be limited to taxes, repairs, and so on. A...
by boomer_techie
Wed May 29, 2019 2:26 am
Forum: Personal Consumer Issues
Topic: Donating my 2002 Toyota Corolla
Replies: 12
Views: 1323

Re: Donating my 2002 Toyota Corolla

The front portion was damaged from a fender bender accident. The hood is bent and not able to close and we taped one of the head lights. [...] so I just want to donate it. [...] When I hand over my title, what proof do I need to get from them, so it releases my responsibility in case of incidents o...
by boomer_techie
Mon May 27, 2019 2:57 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Billing
Replies: 6
Views: 1154

Re: State Farm Billing

mstone3 wrote:
Sun May 26, 2019 9:43 pm
It only cost about six bucks - is this worth checking with State Farm about or just let it go?
I once owed State Farm a tiny amount* - it was rolled into the next policy renewal.

* Wrote a check for $123 for a bill of $123.45 or something like that.
by boomer_techie
Sun May 26, 2019 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Life happens, now what?
Replies: 19
Views: 4563

Re: Life happens, now what?

findingourway wrote:
Sat May 25, 2019 8:31 pm
We hope to travel over the next 2 to 5 years then settle some place (maybe).
Travel with the three children? I assume that means they are preschool age. Hotels, or an RV?
by boomer_techie
Fri May 24, 2019 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage almost paid off
Replies: 31
Views: 3593

Re: Mortgage almost paid off

In the UK, you are generally advised to leave a small amount outstanding on the mortgage (say £100). The bank then continues holding the deeds because you haven't paid off the mortgage. Secure storage for a tiny amount of interest. Is that not something followed in the US? In the US, the deed will ...
by boomer_techie
Fri May 24, 2019 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage almost paid off
Replies: 31
Views: 3593

Re: Mortgage almost paid off

I figured out to the penny what I owed on my final payment and rounded up to the next dollar. The bank sent me a check for 67 cents which I kept and keep it displayed in my den. I too had it figured out to the penny. However, I asked the bank and they specified a number about $1 higher. Doing the m...
by boomer_techie
Mon May 20, 2019 12:34 pm
Forum: Personal Investments
Topic: why buy any bonds in your portfolio?
Replies: 24
Views: 3254

Re: why buy any bonds in your portfolio?

Apologies for the inflammatory title of the post. I can put my money in an online savings account and get a 2-2.5% APY which is backed by FDIC. Why take the risk and invest my money in bonds so I can potentially get an 2.8% APY. Savings accounts and CD's generally do not keep up with inflation. The...
by boomer_techie
Mon May 20, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: Compound miter saw recommendation
Replies: 42
Views: 2574

Re: Compound miter saw recommendation

I have never heard of that brand. One problem with buying some off brand is that you if you need a part five or ten years from now it may be difficult, impossible, or expensive to find a repair part. Ignore the name on the tool. It is simply "Harbor Freight" brand. Do not expect to get repair parts...
by boomer_techie
Mon May 20, 2019 2:35 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 9310

Re: Amazon....we all have seen this before :)

Amazon offers shipping and warehousing services to third party sellers. Your only real protection is buying from Amazon. Not just getting it shipped by Amazon. As I wrote above: Amazon allows small time sellers to procure their own product, and send it to Amazon for the "fulfilled by Amazon" servic...
by boomer_techie
Thu May 16, 2019 5:12 pm
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 9310

Re: Amazon....we all have seen this before :)

Even buying from Amazon direct is no guarantee of quality. Yes, you will get your money back, but Amazon's own warehouses are filled with counterfeit and damaged product. (All of the items we'd purchased were shipped direct from Amazon). Amazon allows small time sellers to procure their own product...
by boomer_techie
Tue May 14, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Going Over Estimated MAGI for ACA and Underpayment Penalty
Replies: 4
Views: 570

Re: Going Over Estimated MAGI for ACA and Underpayment Penalty

Thanks Mike. I thought it was 90% of liability and then I heard something they lowered it to 85% for 2019. It is 90% of the tax due on the return you are filing, or 100%/110% of the return you filed the previous tax year. (It seems that Mike has already switched to thinking about the taxes due Apri...
by boomer_techie
Tue May 14, 2019 7:27 pm
Forum: Investing - Theory, News & General
Topic: Will a financial pro be WILLING to run your SWR plan after cognitive decline?
Replies: 67
Views: 4522

Re: Will a financial pro be WILLING to run your SWR plan after cognitive decline?

So is there really any option but to buy an SPIA when there's nobody left to run your SWR system? Note that by the time you realize (or are told) that you can't handle it yourself anymore, you are no longer competent to legally decide which professional SWR system is best for you -- which amounts t...
by boomer_techie
Tue May 07, 2019 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Capital Loss Carryover - Trying to Understand it
Replies: 17
Views: 1431

Re: Capital Loss Carryover - Trying to Understand it

"Applied" and lost are not the same thing. You don't just lose $3k carryover a year if you have no income. I looked through some of my old tax returns and/or their spreadsheet equivalents: One year a part of the carryover fell into the Personal Exemption(s) pit. Several years, the carryover fell in...
by boomer_techie
Mon May 06, 2019 10:10 pm
Forum: Personal Consumer Issues
Topic: Buying an Enclosed Utility Trailer - Advice?
Replies: 15
Views: 1090

Re: Buying an Enclosed Utility Trailer - Advice?

You have a 1/2 ton truck with a small motor. I would not be getting a very big trailer, you will easily blow your motor up. The EcoBoost 3.5 may have a small displacement, but it has far from small performance. Recently some auto industry vloggers tested several newish F150's on a drag strip. Some ...