Search found 805 matches

by SRenaeP
Wed Jan 23, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: HSBC Bonus offer $350 for $10000?
Replies: 6
Views: 517

Re: HSBC Bonus offer $350 for $10000?

wow. i just went to Doctor of Credit page/Reddit/ along w prior threads here etc. for these new bank and new CC bonus offers and THERE IS SO MUCH TO READ AND DIGEST. ACK!! I now feel paralyzed lol. How do you compare/contract/make best choice, etc., without devoting all your free time to this? I'm ...
by SRenaeP
Wed Jan 23, 2019 12:57 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: 1151

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

senex wrote:
Wed Jan 23, 2019 12:46 pm
I wish the law were more clear to layman on many things like this.
That makes two of us! :sharebeer
by SRenaeP
Wed Jan 23, 2019 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Reasons not to upgrade to a brokerage account?
Replies: 8
Views: 596

Re: Reasons not to upgrade to a brokerage account?

My reason is that brokerage account dividends can't be direct deposited to a bank account. Dividends would be posted to your sweep/MM account.
by SRenaeP
Wed Jan 23, 2019 12:37 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: 1151

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

I based on my statement on experience as a W-2 employee that travels to other states for meetings and such, meaning that my income doesn't have a source outside my home state. Your instincts are reasonable. I had the same instincts before encountering the eccentricities of the law. But I think you'...
by SRenaeP
Wed Jan 23, 2019 9:01 am
Forum: Investing - Help with Personal Investments
Topic: 401k Contribution question...
Replies: 11
Views: 738

Re: 401k Contribution question...

Since you wouldn't get to the maximum amount, I doubt you are a Highly Compensated Employee. Considering that, I don't see a benefit to the company capping your deferral rate at 50%. The only times I've really seen this is plans from over 20 years ago when it could've possibly mattered. Is there po...
by SRenaeP
Wed Jan 23, 2019 8:53 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: 1151

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

Hi Bogleheads- Not sure if anyone here will know this off the top of his/her head, but I am a partner in a two-person consulting firm and we physically worked in California on a project for one week in 2018, do I need to file a nonresident tax return with California? I haven't been able to find a c...
by SRenaeP
Tue Jan 22, 2019 1:47 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: 1151

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

Hi Bogleheads- Not sure if anyone here will know this off the top of his/her head, but I am a partner in a two-person consulting firm and we physically worked in California on a project for one week in 2018, do I need to file a nonresident tax return with California? I haven't been able to find a c...
by SRenaeP
Tue Jan 22, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Make SEP IRA contribution at beginning of year?
Replies: 5
Views: 277

Re: Make SEP IRA contribution at beginning of year?

You could certainly do so but odds are the amount wouldn't be correct. Your SEP IRA contributions are limited to 20% of your net income. Do you really know all your income and expenses for the whole year now??
by SRenaeP
Mon Jan 21, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: After-tax 401(k) to Roth IRA conversion - confused about tax treatment
Replies: 23
Views: 1167

Re: After-tax 401(k) to Roth IRA conversion - confused about tax treatment

That is, I cannot specifically invest my after-tax contributions, separate from pre-tax ones. This is the way that most plans we hear about work. Only a few people, maybe 2 or 3, have told us they can invest their different accounts in different ways. Interesting. I did not realize that. I have pre...
by SRenaeP
Mon Jan 21, 2019 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Rollover to IRA - Third Party Provider
Replies: 20
Views: 6064

Re: 401K Rollover to IRA - Third Party Provider

The need to do everything online is severely overrated. A 401K direct rollover to an IRA occurs only when switching jobs, so it is not a frequent event, nor requires ongoing maintenance. Because it is neither, the convenience of online is irrelevant. That may be the case for the population at large...
by SRenaeP
Mon Jan 21, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Help with Credit card debt planning - advice
Replies: 10
Views: 617

Re: Help with Credit card debt planning - advice

I would say more info is definitely needed. If you're saying you have $4500/mo to apply toward debt, your CC debt will be paid off in less than four months. So what's the question?
by SRenaeP
Mon Jan 21, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine
Replies: 24
Views: 2481

Re: The Section 199A Tax Benefits Of REITs Over Direct Real Estate Investments at Kitces.com by Jeffrey Levine

Well, this looks fairly authoritative and definitive. (Nareit testified regarding the rule making and has been closely involved with he process.) Today the Treasury Department released Proposed Regulations related to the 20% deduction for certain business income enacted in the 2017 tax reform bill....
by SRenaeP
Mon Jan 21, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Rentals and qualified business income 199a?
Replies: 5
Views: 388

Re: Rentals and qualified business income 199a?

Before this post, I interpreted the rules as such that I don't qualify (small investor with only two properties). After reading the post above, I still don't believe I qualify. 250 hours/yr = avg 4.8 hrs/wk. Even if I include the spent by people I hired to do maintenance and repairs, I don't think i...
by SRenaeP
Mon Jan 21, 2019 9:09 am
Forum: Investing - Help with Personal Investments
Topic: 401k + aftertax 401k -> roth methodology
Replies: 20
Views: 1463

Re: 401k + aftertax 401k -> roth methodology

3) I'm not sure what the threshold is for highly compensated in your terms. I am towards the top but not top 10. The 2019 HCE compensation limit is $125K or optionally the plan can use the top 20% of participants by compensation. Spirit rider, Can you please explain what this means? I have a hard t...
by SRenaeP
Sun Jan 20, 2019 11:46 am
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 80
Views: 9389

Re: Who's flying?

I haven't flown since the current debacle started, but friends have told me no issues, apologies to those that had problems in Atlanta. I believe most of the media is just over-hyping any bad news they can for their ratings. With regard to the overall picture, you could be right. With regard to Atl...
by SRenaeP
Wed Jan 16, 2019 6:12 pm
Forum: Personal Consumer Issues
Topic: Anyone ever buy Hilton's Timeshares (HGVC)?
Replies: 51
Views: 9353

Re: Anyone ever buy Hilton's Timeshares (HGVC)?

I'm an HGVC owner. My experience hasn't been bad but I still wouldn't recommend buying new or resale. IMO, there are too many units for rent on TUG, Redweek, etc. to actually justify buying one of your own. Mostly agree. Where do you own? I would only consider buying resale if I wanted to being a h...
by SRenaeP
Wed Jan 16, 2019 4:05 pm
Forum: Personal Consumer Issues
Topic: Anyone ever buy Hilton's Timeshares (HGVC)?
Replies: 51
Views: 9353

Re: Anyone ever buy Hilton's Timeshares (HGVC)?

I'm an HGVC owner. My experience hasn't been bad but I still wouldn't recommend buying new or resale. IMO, there are too many units for rent on TUG, Redweek, etc. to actually justify buying one of your own.
by SRenaeP
Wed Jan 16, 2019 3:58 pm
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 80
Views: 9389

Re: Who's flying?

I flew out of ATL Monday morning. This is typically one of the worst times but it was pure pandemonium this week. One coworker was in line for two hours despite arriving before 8am and had to literally run to make our flight. The gate agents were doing last boarding for her by name when she got ther...
by SRenaeP
Wed Jan 09, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 28
Views: 2763

Re: Recast mortgage?

I did not phrase this well and flubbed a cell in my analysis. But the bottom line is that if your recast is small, you could potentially end up with a higher mortgage balance than you otherwise would if you choose to sell the home before the mortgage pays off entirely. In our case that recast amoun...
by SRenaeP
Wed Jan 09, 2019 12:16 pm
Forum: Personal Consumer Issues
Topic: Expensive DSLR through airport security
Replies: 45
Views: 3035

Re: Expensive DSLR through airport security

One time my bag full of lenses, flashes, camera body, etc. in a roll-on really caught the TSA's attention. Not sure why, there was no rocket blower in there. They opened it, swabbed it for explosive residue, sniffed it, asked me some questions, and generally made me feel like a junior terrorist by ...
by SRenaeP
Wed Jan 09, 2019 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Trying to figure out what my Roth IRA contribution is for 2018
Replies: 8
Views: 740

Re: Trying to figure out what my Roth IRA contribution is for 2018

From https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2018 If the amount you can contribute must be reduced, figure your reduced contribution limit as follows. 1.Start with your modified AGI. 2.Subtract from the amount in (1): ◦$18...
by SRenaeP
Tue Jan 08, 2019 9:28 am
Forum: Investing - Help with Personal Investments
Topic: 8-month windfall check-in
Replies: 36
Views: 7529

Re: 8-month windfall check-in

Makes sense, maybe you'll have the opportunity to slowly sell them off or take a loss :) Just sold off the VBR and VOE since they had minimal long-term gains. I put the proceeds into VTI. I still have the SCHF and VTV. I'm looking at long-term gains of ~$3,600 for SCHF and ~$3,900 for VTV. Is it wo...
by SRenaeP
Tue Jan 08, 2019 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Where do I start? I can’t do a Roth IRA?
Replies: 12
Views: 685

Re: Where do I start? I can’t do a Roth IRA?

Without knowing the interest rates of your debt or the details of your budget, I would say. Max out hubby's 457 Create a solo 401k for yourself and max that out as well Max out two Roth IRAs using the 'backdoor' method If you have access to an HSA, max that out as well Then throw any extra to the st...
by SRenaeP
Thu Jan 03, 2019 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 8919

Re: Opinions sought $3.5 M Net Worth

I am going to follow the advice of so many people who responded to my question. In 2019, my wife and I will see if we can comfortably live on $100k after tax. (As was pointed out, I erroneously thought I would need $160k pre-tax to get to $100k after tax). I know $100k after tax is way more money t...
by SRenaeP
Thu Jan 03, 2019 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Delaying retirement just to help adult children
Replies: 66
Views: 6149

Re: Delaying retirement just to help adult children

I think this is an individual choice and I see many positives in what they are doing. I would do the same in their shoes unless health or other factors prohibited it. What is so wrong about putting their children first, especially since their children are not relying on them for anything? The longe...
by SRenaeP
Thu Jan 03, 2019 11:00 am
Forum: Investing - Help with Personal Investments
Topic: New 401k options that I am not clear on. Help?
Replies: 8
Views: 428

Re: New 401k options that I am not clear on. Help?

The post tax 401k option allows you to do the Mega Backdoor Roth. I would only make post-tax contributions IF you are allowed to do in-plan Roth conversions or in-service withdrawals (to a Roth IRA). Almost every 401K plan that features post-tax subaccounts allows one or the other. It is more work ...
by SRenaeP
Thu Jan 03, 2019 8:40 am
Forum: Investing - Help with Personal Investments
Topic: New 401k options that I am not clear on. Help?
Replies: 8
Views: 428

Re: New 401k options that I am not clear on. Help?

HEDGEFUNDIE wrote:
Wed Jan 02, 2019 8:21 pm
The post tax 401k option allows you to do the Mega Backdoor Roth.
I would only make post-tax contributions IF you are allowed to do in-plan Roth conversions or in-service withdrawals (to a Roth IRA).
by SRenaeP
Wed Jan 02, 2019 8:51 am
Forum: Personal Consumer Issues
Topic: keeping warm in outside windy, freezing temperature and also inside office
Replies: 35
Views: 2172

Re: keeping warm in outside windy, freezing temperature and also inside office

I can't tell if the OP is a man or woman. That said, here is what I do (woman). I wear tights (as in thick, opaque stockings) under my pants. I find this keeps me plenty warm on cold days but not too warm in the office. On days that are cool but not cold, I wear tall 'boot socks' which go to the kne...
by SRenaeP
Fri Dec 21, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17078

Re: Mr. Money Mustache, SWR, and equity allocation

... MMM says that a 5% withdrawal rate will last 50+ years. Recall the permanent SWR is reported to be 2.5%-3%. At this rate, withdrawals are offset by distributions + growth. Were I planning for 50+ years of withdrawals, I'd use 2.5%... just to be safe. Better to have it (money in reserve) and not...
by SRenaeP
Fri Dec 21, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Struggling to accurately calculate if taking cash advance was worth it
Replies: 28
Views: 1834

Re: Struggling to accurately calculate if taking cash advance was worth it

If the student loan rate stays at 4.55%, you will have saved $90 between now and May 2020. If the rate increases, you will save even more. If the rate decreases, the cash advance will actually cost you more money. Calculations - Total paid by May 2020 for cash advance is $20,806 For $20,200 at 4.55%...
by SRenaeP
Wed Dec 19, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up a LLC
Replies: 5
Views: 528

Re: Setting up a LLC

First, determine if you actually need an LLC.
Then check the rules for your state which depends on the type of LLC - sole proprietorship, partnership, etc.
by SRenaeP
Wed Dec 19, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 125
Views: 14520

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

Given this info, should I max out to the $56k limit for 2019? Note that it would require dropping the taxable investing to practically nothing. Note existing taxable account is only low five figures (I've sold off a lot over the last couple of years to buy some property as well as donated appreciat...
by SRenaeP
Tue Dec 18, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 125
Views: 14520

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

Reviving this somewhat old thread since I'm trying to determine my approach for 2019. Background - prior to 2017, my 401k plan did not allow for in-plan conversions or in-service withdrawals. So only residual amounts went into my after-tax subaccount when I hit the pre-tax limit for the year. For 20...
by SRenaeP
Wed Dec 12, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7945

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

I have a friend who traveled a lot in his youth. Busuness took him there and also he went places on his own. Now, so much later in life, he is married. Although his wife would like to travel, he does not have that desire anymore, saying he had been there, done this or that. So he effectively has ta...
by SRenaeP
Tue Dec 11, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: 401k Match for Highly compensated employee
Replies: 4
Views: 517

Re: 401k Match for Highly compensated employee

Hello, DW is a highly compensated employee making ~225 K / year. Her 401k match from employer is 50% on 9% of contribution. If she contributes 9% to maximize the match, she maxes out on IRS limit of $19 K in 2019. She does have a Roth 401k option - but the IRS limit combines pre-tax and Roth contri...
by SRenaeP
Tue Dec 11, 2018 8:24 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7945

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

The cost and hassle of travel keeps most people from doing it. Airports, security, long flights, hotels, restaurants, transportation can turn the most curious person into a home body. So I'd say take one or two max short trips a year and make it somewhere fun. Or just kick back and watch the travel...
by SRenaeP
Mon Dec 10, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Priority
Replies: 12
Views: 1030

Re: Mega Backdoor Roth Priority

See also Investment Order for a similar but more detailed set of suggestions. In short, only you can decide the amount of your savings/investments needed for short vs. long term spending. The longer term your outlook, the more a mega backdoor Roth is likely preferable to taxable accounts. This is a...
by SRenaeP
Mon Dec 10, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Priority
Replies: 12
Views: 1030

Re: Mega Backdoor Roth Priority

I generally follow advice from https://www.bogleheads.org/wiki/Prioritizing_investments in choosing where to invest my money. See also Investment Order for a similar but more detailed set of suggestions. In short, only you can decide the amount of your savings/investments needed for short vs. long ...
by SRenaeP
Fri Dec 07, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Priority
Replies: 12
Views: 1030

Re: Mega Backdoor Roth Priority

Thanks everyone for the advice. I don't have all of the details from my employer yet but it sounds like it might be in-plan Roth rollover only. I was also under the impression that you paid a lot more in taxes when converting after-tax 401k contributions to Roth, but it sounds like you pay only on ...
by SRenaeP
Fri Dec 07, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth Priority
Replies: 12
Views: 1030

Re: Mega Backdoor Roth Priority

I split contributions between taxable and the mega backdoor. My 401k only allows for in-plan Roth conversions without penalty, not in service withdrawals. I like the flexibility of being able to access the taxable funds when/if I want.
by SRenaeP
Fri Dec 07, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Savings Plan for a Sole Proprietor - Backdoor SEP?
Replies: 12
Views: 792

Re: Savings Plan for a Sole Proprietor - Backdoor SEP?

The 'problem' with a SEP IRA is that if you have pre-tax funds in any IRA on December 31 of the year in which you do a backdoor Roth, you will be subject to pro rata taxation.
by SRenaeP
Tue Dec 04, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Minimizing capital gains taxes when moving to low-cost funds?
Replies: 26
Views: 3072

Re: Minimizing capital gains taxes when moving to low-cost funds?

If you regularly make charitable contributions, start donating appreciated shares instead of cash. This will allow you to forgo any taxes on the gains.
by SRenaeP
Mon Dec 03, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Where to put "left over" money
Replies: 18
Views: 1873

Re: Where to put "left over" money

For us, 'left over' money goes to the following, not necessarily in this order -

taxable brokerage account
after tax 401k (mega backdoor Roth)
extra principal payments to mortgage
purchasing rental property
creature comforts (flying premium coach vs regular coach, etc.)
upcoming - 529 for nephew
by SRenaeP
Wed Nov 28, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Using equity in my current home to help buy my next one?
Replies: 7
Views: 1134

Re: Using equity in my current home to help buy my next one?

Check with your "new" lender to see if "Recasting" is an option. This is a process whereby you get your new mortgage and at some future point in time you can make a substantial principle pay-down on the loan and the mortgage will be re-amortized using the new mortgage balance. Interest rate and ter...
by SRenaeP
Tue Nov 27, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: another "Help with my money" questions
Replies: 10
Views: 1160

Re: another "Help with my money" questions

You're doing well. I would stop the extra payments to the student loan since the interest rate is so low. I would allocate those and any other extra funds to some combination of the following - dependent care spending account, if childcare will be necessary after the baby is born 529 plan, if tax-de...
by SRenaeP
Tue Nov 27, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard email : Conversions to Roth IRAs can no longer be reversed
Replies: 10
Views: 1013

Re: Vanguard email : Conversions to Roth IRAs can no longer be reversed

Hi, I generally do the recharacterization to Roth IRA as my income is above limit. I put the money in Traditional IRA at the beginning for the year and then move the money to Roth IRA account in Vanguard. However, I received below email. Just want to confirm if I can still do the above going forwar...
by SRenaeP
Mon Nov 26, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax or use an accountant
Replies: 14
Views: 1504

Re: Turbo Tax or use an accountant

As 2018 draws to a close I'm thinking ahead about how to handle making my 2018 tax filings. My wife and I have historically used Turbo Tax to do our returns as we have had a simple tax situation (both W2, no property most investments in tax deferred vehicles). This year our tax situation has grown ...
by SRenaeP
Tue Nov 13, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: Global Entry Turnaround Time ?
Replies: 28
Views: 2155

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: 867

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: 867

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....