Search found 758 matches

by SRenaeP
Tue Nov 13, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: Global Entry Turnaround Time ?
Replies: 28
Views: 2031

Re: Global Entry Turnaround Time ?

I applied two weeks ago and am still waiting. I thought mine would go through super quick but I was wrong. Our airport's next available appt is March so I very well may not get approved before my trip. So it's looking like a wasted $100 for me which I am really not happy about but if I can grab a c...
by SRenaeP
Tue Nov 13, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 6
Views: 824

Re: Can landlords take the QBI tax break?

Does anyone have a clear understanding of the IRS stance on whether landlords can take the 20% deduction in rental income? I have been reading up on it and the latest information suggests No. There is nothing clear but some case reports have denied landlords according to an article in Forbes. One h...
by SRenaeP
Tue Nov 13, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 6
Views: 824

Re: Can landlords take the QBI tax break?

I believe so. One of the businesses spelled out is "investing" and I also see that dividends from qualified REIT are elgible. Investing may be excluded depending on income. Q5. What is a qualified trade or business? A5. A qualified trade or business is any trade or business, with two exceptions: 1....
by SRenaeP
Mon Nov 12, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best free online tax return predictor?
Replies: 10
Views: 1179

Re: Best free online tax return predictor?

I use a home grown spreadsheet that I tweak from year to year as tax brackets and circumstances change.
by SRenaeP
Fri Nov 09, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Double-check your contributions to tax-advantaged accounts this time of year
Replies: 15
Views: 1722

Re: Double-check your contributions to tax-advantaged accounts this time of year

Thanks for the reminder. Double-checking prompted me to stop both my and DH's HSA contributions. Unfortunately the change won't take effect until the 1st of the month so we will still have excess contributions. However, I will request the excess funds be returned before the end of the year.
by SRenaeP
Mon Nov 05, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: Need New Phone?
Replies: 17
Views: 2169

Re: Need New Phone?

This is a lot of phone for the money, but there are plenty of financially attractive options out there. If you want iOS, for instance, with a number of deals an iPhone XR can be purchased for $300-$450 without any trade-ins. Keep hearing that the iPhone XR is a great choice but the most basic XR is...
by SRenaeP
Wed Oct 31, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: How hard to pull off this South Africa trip independently?
Replies: 13
Views: 559

Re: How hard to pull off this South Africa trip independently?

*I* don't think it would be hard but I'm super organized and love planning. If you can say the same, go for it. If not, you could still do it but it would probably make you miserable. Any particular reason you have so much safari time? I went to Kruger last year and maybe I'm a cynic but once I had ...
by SRenaeP
Tue Oct 30, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Roth in-plan conversion losses, what is the income?
Replies: 13
Views: 672

Re: 403(b) Roth in-plan conversion losses, what is the income?

On a somewhat related note, how would a loss work when converting *after-tax* contributions? I've been doing the mega back door. If I had $10k contributions/basis for this year but convert only $8k due to losses, does the $2k difference somehow carryover or is there no benefit to converting at a los...
by SRenaeP
Wed Oct 17, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Multiple Backdoor Roth Conversions each year for same tax year
Replies: 8
Views: 372

Re: Multiple Backdoor Roth Conversions each year for same tax year

Yes, you can but more moving pieces creates more possibilities for errors/confusion. Doing it your way *may* generate two 1099-Rs, for example. Why not just contribute however you can afford/like until you reach $5500, then do one conversion?
by SRenaeP
Tue Oct 16, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Pay CGs now to move into Index, or hold?
Replies: 8
Views: 565

Re: Pay CGs now to move into Index, or hold?

Do you make any significant charitable contributions? If so, donate the appreciated shares to avoid CG taxes then use the cash to buy into the desired index funds.
by SRenaeP
Mon Oct 15, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Rental Application Form Ideas
Replies: 9
Views: 571

Re: Rental Application Form Ideas

HEDGEFUNDIE wrote:
Sun Oct 14, 2018 10:37 pm
I use cozy.co as a landlord and like it a lot.
+1 for Cozy. I put the rental criteria in the listing and only provide the application link once people have viewed in person.
by SRenaeP
Fri Oct 12, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Query - Rolling after-tax 401(k) funds to a Roth IRA
Replies: 4
Views: 310

Re: Query - Rolling after-tax 401(k) funds to a Roth IRA

dbk wrote:
Fri Oct 12, 2018 12:57 am
Is there a limit on number of times we can do roll over of after-tax 401(k) funds to a Roth IRA in a given year?
Can it be done for every paycheck's After-Tax 401k contribution? (our paycheck is Biweekly).
Thanks.
Different firms/plans enact different limits. Check your plan documents.
by SRenaeP
Fri Oct 12, 2018 7:25 am
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contri's vs Trad 401k vs Roth 401k
Replies: 23
Views: 925

Re: After Tax 401k Contri's vs Trad 401k vs Roth 401k

jbsmith05 wrote:
Thu Oct 11, 2018 8:35 pm
So anyway - what can you tell me about this, I searched the forums but not many relevant results, mostly because as soon as you put "401k" as a search parameter you get thousands of results
If you search for mega backdoor Roth, you will likely find numerous threads on the topic.
by SRenaeP
Thu Oct 11, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA, backdoor roth IRA for 1099 income?
Replies: 1
Views: 157

Re: SEP IRA, backdoor roth IRA for 1099 income?

If you have self-employment income (which you do, received via 1099), you are eligible to contribute to a SEP IRA. Yes, you can convert the SEP to a Roth IRA if you desire. However, at your income level, it may not be the best course of action. Many more details of your situation would have to be ta...
by SRenaeP
Thu Oct 11, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: tablet or small laptop for general and travel computer?
Replies: 41
Views: 2324

Re: tablet or small laptop for general and travel computer?

I use a Kindle Fire. I have a keyboard for it but never use it. I found it more burdensome/clunky than typing on a touchscreen.
by SRenaeP
Tue Oct 09, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Postponing the bonus to next year. Is it a good idea?
Replies: 30
Views: 1994

Re: Postponing the bonus to next year. Is it a good idea?

Do not know the answer - BUT there may or might be some IRS (or other applicable) rules requiring taxable income be reported in the period/year when the work is done. This certainly isn't the case. We don't all get paid Dec 31 to account for the work done that day. For the vast majority of people, ...
by SRenaeP
Tue Oct 09, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Planning - one spouse with one state income, other spouse with multi states income
Replies: 7
Views: 548

Re: 2018 Tax Planning - one spouse with one state income, other spouse with multi states income

Our situation for tax year 2018: We are a couple residing together in MA (full year resident living in MA for last several years) I work in two states. MA (80% time) and VA (20% time). This is my first year when I have income from two states. Previously I had income only from one state (MA). My spo...
by SRenaeP
Mon Oct 08, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Depreciated rental property expenses
Replies: 6
Views: 792

Re: Depreciated rental property expenses

Also, I have a follow up question regarding depreciation, how do you determine building value? Do you look at property tax document for the building value or do you go by purchase price? Or homeowner insurance estimate to rebuild? Some of the land estimate in places like bay area must be sky high v...
by SRenaeP
Mon Oct 08, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Depreciated rental property expenses
Replies: 6
Views: 792

Re: Depreciated rental property expenses

Also, I have a follow up question regarding depreciation, how do you determine building value? Do you look at property tax document for the building value or do you go by purchase price? Or homeowner insurance estimate to rebuild? Some of the land estimate in places like bay area must be sky high v...
by SRenaeP
Mon Oct 08, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Planning - one spouse with one state income, other spouse with multi states income
Replies: 7
Views: 548

Re: 2018 Tax Planning - one spouse with one state income, other spouse with multi states income

Our situation for tax year 2018: We are a couple residing together in MA (full year resident living in MA for last several years) I work in two states. MA (80% time) and VA (20% time). This is my first year when I have income from two states. Previously I had income only from one state (MA). My spo...
by SRenaeP
Mon Oct 08, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Tax question: Bought a rental property on 12/31/2017...
Replies: 4
Views: 642

Re: Tax question: Bought a rental property on 12/31/2017...

togb wrote:
Sun Oct 07, 2018 10:48 pm
I'm pretty sure you can deduct some of your closing costs. Check with your tax advisor to be sure.
The OP should read IRS Pub 527. Some closing costs should be included as part of the basis (therefore, able to be depreciated) and others are considered expenses.
by SRenaeP
Mon Oct 08, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy this insurance policy?
Replies: 9
Views: 460

Re: Would you buy this insurance policy?

Are you relatively sure you'll be hospitalized in the next year? If so, definitely buy it. If not, well who knows? For myself, I don't bother because I'm in good health and would rather self-insure. However, for coworkers who were pregnant at the time of enrollment, it was a no brainer to obtain the...
by SRenaeP
Mon Sep 17, 2018 4:13 am
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 50
Views: 2631

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

Glad everything worked out for your daughter. Just a note for others who may be reading re the AT&T phone that wasn't unlocked. If you're not under contract/owe on your phone, you can do an online request to unlock your phone. They will send you a code and instructions on how to do so. I suspect the...
by SRenaeP
Tue Aug 28, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Getting out of vacation club contract
Replies: 10
Views: 1876

Re: Getting out of vacation club contract

I second the recommendation to go to the TUG website. You may be able to arrange to return the timeshare to the developer. Any money already paid will be gone but they won't owe anything further.
by SRenaeP
Thu Aug 16, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Marriage Name Change Logistics
Replies: 14
Views: 1581

Re: Marriage Name Change Logistics

Contrarian view - unless your wife just really really wants to take your last name (I'm assuming that's the case here), don't bother. She can use your last name socially without changing it legally. I've found that changing my name has created ongoing issues even 12 years later with my names not 'ma...
by SRenaeP
Mon Aug 13, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 50
Views: 2631

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

If you don't still owe Verizon for your phone, you should be able to get it unlocked. If that's the case, a local sim is probably the cheapest option. Your daughter can then call home using Skype very cheaply.
by SRenaeP
Tue Aug 07, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Another 401k question
Replies: 11
Views: 483

Re: Another 401k question

Check your plan rules. My plan allows me to specify a percentage to each type of account - pre-tax, Roth and after-tax. Therefore, you'd contribute 14% to pre-tax and 6% to after-tax. Yup, I can do that. When I looked over the plan (and called) it seemed fairly hazy on whether or not that after-tax...
by SRenaeP
Tue Aug 07, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Another 401k question
Replies: 11
Views: 483

Re: Another 401k question

If allowed to contribute above the $18,500 level, then normally you would need to fill the pre-tax bucket before contributing any after-tax. In this scenario I would favor the guaranteed 6% match at the cost of not being able to contribute more to the after-tax portion. Look into if you can do a on...
by SRenaeP
Tue Aug 07, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Another 401k question
Replies: 11
Views: 483

Re: Another 401k question

Hi all, I'm not going to lie, anytime I post a question, y'all have been very helpful. I've tried this question on a couple other forums, but I'm not convinced on any feedback I was given. Anyway, now that I paid off my student debt. I will def max out my 401k. With my plan you are also allowed to ...
by SRenaeP
Tue Aug 07, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Another 401k question
Replies: 11
Views: 483

Re: Another 401k question

I'm not sure I understand 100% about the situation you're describing. But a few things: 2) Both Pre-tax and Post-tax (Roth) 401K contributions count toward the same $18,500 limit. They are not separate buckets. Some plans allow for a third, after-tax, subaccount. This is what the OP seems to be ref...
by SRenaeP
Fri Aug 03, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 176
Views: 10112

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I see that the cost for 2 persons per one year is around $600! Is that everyone here paying for that kind of coverage? :shock: The cost of travel insurance usually depends upon the cost of the trip, and sometimes the age of the traveler (not always). And it certainly depends upon the *type(s)* of c...
by SRenaeP
Fri Aug 03, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 176
Views: 10112

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

Does anyone have any actual experience having to be "medically evacuated"? My former boss's wife (due to illness) had to be flown back from a winter vacation in Colorado to the Washington DC area - by air ambulance. In his case, his employer insurance covered it - but I recall the cot was huge (can...
by SRenaeP
Fri Aug 03, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Phone Rental for South America?
Replies: 15
Views: 846

Re: Phone Rental for South America?

Most of the time the standard advice is "get a local SIM when you arrive." Problem is that depending on where you are going it's not that simple, especially if you want to have service immediately upon arrival. Presumably, the OP is flying there. In my experiences, most international airports will ...
by SRenaeP
Tue Jul 24, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: Europe travel Qs [Questions]
Replies: 63
Views: 3907

Re: Europe travel Qs [Questions]

One more: We're flying out of St. Louis, via Detroit (Delta. I assume there's a plane change, but am not 100% certain), to Paris. Return is out of Munich, through Atlanta I think, then to St. Louis. So, departing St. Louis, it's domestic to Detroit, then onward. From Munich, it's direct to the USA ...
by SRenaeP
Mon Jul 23, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: I ran out of credit card signups bonus...
Replies: 106
Views: 16900

Re: I ran out of credit card signups bonus...

Really? Thanks. I do have a "small business" (1 rental unit), but I though the tin had to be for the business. If this works, I'm back in churning business. Yup. Wife and I did this one with a rental unit using our names and social. https://www.capitalone.com/small-business/credit-cards/spark-cash/...
by SRenaeP
Mon Jul 23, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3976

Re: Buying home, how to head off a bidding war.

Last time we bid on a house, we made an offer with an escalation clause, e.g., we will match any documented cash offer or come within $5k of a documented mortgaged offer, but not to exceed $XXX,XXX. Took the emotions out of it and made it so that we weren't bidding against ourselves. We've done thi...
by SRenaeP
Thu Jul 19, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth IRA Withdrawal Pro-Rata?
Replies: 19
Views: 1459

Re: Mega Backdoor Roth IRA Withdrawal Pro-Rata?

This isn't a pro rata rule. It simply means that you must take cost basis plus gains when you do a rollover from after-tax 401k contributions to a Roth IRA, and you will pay marginal income tax rate on the gains. *You will pay marginal income tax on the gains if you can't/don't opt to have them rol...
by SRenaeP
Wed Jul 18, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 7835

Re: Anyone not have a Budget?

Maybe it’s my nature, but I find it hard to comprehend how anyone could not at least estimate what they can safely spend and compare that to what they in fact spend. It seems that regardless of one’s income or wealth there are still limits to what one can safely spend. I wouldn’t sleep nights if I ...
by SRenaeP
Wed Jul 18, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: How much did your braces/invisalign braces cost?
Replies: 32
Views: 2952

Re: How much did your braces/invisalign braces cost?

Depending on the complexity of the issues that need to be resolved, you may want to consider Smile Direct or a similar service. Smile Direct is to Invisalign as Zenni Optical is to LensCrafters. You go to a SmileCenter to get the imaging done then they mail you all the appliances and are half the pr...
by SRenaeP
Wed Jul 18, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Booking Intl flight through costco --> Too early/late?
Replies: 5
Views: 1006

Re: Booking Intl flight through costco --> Too early/late?

We will be going to Europe in November and I will be booking through costcotravel. Right now I am getting what I believe is a pretty good price, 4 months out. I think for international flights this is a good timeframe to book and I should not wait longer. Does that sound about right? (costco travel...
by SRenaeP
Mon Jul 09, 2018 8:21 am
Forum: Personal Consumer Issues
Topic: Anyone use Gate 1 Travel?
Replies: 15
Views: 1609

Re: Anyone use Gate 1 Travel?

Has anyone heard of or used Gate 1 Travel? A BH retiree in his mid 50s strongly recommended them and said they were an affordable way to see the world. They do seem cheaper by far than most escorted travel options. I know its probably cheaper to book things separately, but for certain parts of the ...
by SRenaeP
Mon Jul 09, 2018 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Pitfalls of real estate investing
Replies: 39
Views: 4559

Re: Pitfalls of real estate investing

For Detroit housing, research the very real possibility that overnight, your investment house may be broken in to and all copper pipes and copper electrical wiring ripped out. I have a landlord friend in Detroit who was shot when visiting one of his properties. I have had to evict drug dealers. Of ...
by SRenaeP
Thu Jul 05, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: legal document with hyphen/non hyphen middle name
Replies: 11
Views: 1181

Re: legal document with hyphen/non hyphen middle name

I’ve heard that this can be a problem that can be time consuming to fix in two different circumstances: 1) When applying for social security / Medicare if your names don’t match up 2) For flying, especially internationally, if the name on your photo ID (e.g. drivers license) doesn’t exactly match t...
by SRenaeP
Tue Jul 03, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Closing Thursday but new house wall damaged by seller’s mover
Replies: 16
Views: 2518

Re: Closing Thursday but new house wall damaged by seller’s mover

You have no leverage and it is minor damage. I would let this one go. The OP absolutely has leverage. S/he can opt not to close until the issue is resolved. I would have the realtor send an amendment to the purchase contract stating the damages will be repaired before closing or consideration (~$10...
by SRenaeP
Tue Jul 03, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Child Roth Ira Question
Replies: 7
Views: 772

Re: Child Roth Ira Question

It doesn't sound like the children were employees. Therefore, they won't get W-2s. OP, did you sign any contracts/paperwork on their behalf? If so, they were probably considered contractors. While the company *could* provide 1099s, they probably won't for such a low amount. Therefore, I wouldn't bot...
by SRenaeP
Mon Jun 25, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Garrett Planning Network experiences
Replies: 14
Views: 1576

Re: Garrett Planning Network experiences

I went to a Garrett FP so my spouse could hear an opinion other than my own as to whether we could retire or not. The FP was an attorney who had passed the bar exam and had recently passed the CFP on the first attempt. The plan we received was so full of errors that we were given a full refund. Eve...
by SRenaeP
Thu Jun 14, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 39183

Re: Bogleheads, tell me about your 40's?

I love this thread. I have a strange feeling of melancholy while reading it though. Enjoyed my 20s and 30s. I'm 42 and just had our 2nd and final kid (other kid is 2.5). I had no problems "turning" 40. Financially the family is in great shape. I am in the same shape I've been in for most of my life...
by SRenaeP
Wed Jun 13, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 9441

Re: Getting killed on taxes - any ideas?

That said, I believe livesoft has provided a succinct list of action items for OP to reduce taxes. Yup. Great list. I've abbreviated the list below to items that I think are most relevant to this discussion. I think item 12 is also impacted by 2018 changes and needs re-evaluation. 10. Poke your eye...
by SRenaeP
Wed Jun 13, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: SEP Contributions for Sole Proprietorship
Replies: 5
Views: 366

Re: SEP Contributions for Sole Proprietorship

Background, Annual income 200k from employment Business Income 50k -1099 Maxed employer 401k - 37k (spouse and I) Maxed backdoor Roth - 11k(spouse and I) Maxed HSA -$6,900 Questions 1. From my business income i can contribute 20% of that 50k= 10k to the SEP and convert to Roth? 2. Is my SEP contrib...
by SRenaeP
Wed Jun 13, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 9441

Re: Getting killed on taxes - any ideas?

You are getting absolutely destroyed by people here, but I will say, I understand your point of view. With a high income, seeing the raw numbers come out somehow hurts worse than if you figure the actual tax rate which actually isn't that terrible, but to folks not making this sort of cash, its rea...