Search found 748 matches

by SRenaeP
Mon Oct 15, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Rental Application Form Ideas
Replies: 9
Views: 482

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: 272

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: 839

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: 129

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: 35
Views: 1807

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: 1909

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: 499

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: 753

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: 753

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: 499

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: 615

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: 416

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: 2496

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: 1872

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: 1565

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: 2496

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: 462

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: 462

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: 462

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: 462

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: 9900

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: 9900

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: 780

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: 3768

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: 16196

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: 3918

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: 1379

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: 7606

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: 2831

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: 983

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: 1570

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: 4455

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: 1146

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: 2475

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: 747

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: 1516

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: 38987

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: 9394

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: 361

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: 9394

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...
by SRenaeP
Wed Jun 13, 2018 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 2028

Re: Taxation for free-lancers

Two contractor family here, always done MFJ with TurboTax. At 10K a year just go with IRA or Roth, you can only save 20% on SEP, maybe more on solo, so likely not a help in saving more. As a contractor your wife has the liability but she's not working with kids or building things that may collapse....
by SRenaeP
Wed Jun 13, 2018 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 2028

Re: Taxation for free-lancers

1. Yes, you can continue to file MFJ. I would still run the numbers both ways to see which way (MFJ or MFS) is optimal. 2. I would say it depends on the type of work she'll be doing. If she's doing provide services where liability may be an issue, it's probably better to create a business entity an...
by SRenaeP
Tue Jun 12, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 2028

Re: Taxation for free-lancers

1. Yes, you can continue to file MFJ. I would still run the numbers both ways to see which way (MFJ or MFS) is optimal. 2. I would say it depends on the type of work she'll be doing. If she's doing provide services where liability may be an issue, it's probably better to create a business entity and...
by SRenaeP
Tue Jun 12, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Paying off a mortgage: Incentivized by new tax law?
Replies: 17
Views: 1765

Re: Paying off a mortgage: Incentivized by new tax law?

AtlasShrugged? wrote:
Tue Jun 12, 2018 8:23 am
The mortgage runs to April 2045 if I do nothing (27 years); and I would be 79 years old at payoff.
This alone would incentivize me to accelerate payoff. In your shoes, I would plan to have the mortgage paid off by the time I retire.
by SRenaeP
Mon Jun 11, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?
Replies: 27
Views: 2443

Re: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?

I checked out the Sprint deal over the weekend. Their website said my phone isn't eligible even though it's unlocked. I suspect an AT&T phone won't work on their network. Oh well.
by SRenaeP
Wed Jun 06, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my HELOC, Refinance or Invest
Replies: 18
Views: 1559

Re: Should I pay off my HELOC, Refinance or Invest

At 7%, yes, pay off the HELOC. Where is the $247k coming from though? If taxable, perhaps spread it out between this year and next to avoid a huge cap gains hit all at once.
by SRenaeP
Fri May 25, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for new home
Replies: 28
Views: 1810

Re: Mortgage for new home

Run your numbers through the rate finder on AimLoan and see what comes back. They are an internet bank so their origination fees will be a little lower than a B&M lender but it will put you in the ballpark.
by SRenaeP
Fri May 25, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Selling ‘Gifted’ property
Replies: 7
Views: 1326

Re: Selling ‘Gifted’ property

bsteiner wrote:
Thu May 24, 2018 9:17 pm
If it's within 9 months from the first transfer, the child might be able to disclaim it, thus avoiding two taxable gifts.
In this instance, I doubt there are any taxable gifts. For 2017, the gift tax exemption was $5.5M (IIRC) and has increased to $11M (IIRC) for 2018.
by SRenaeP
Fri May 25, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 5597

Re: I've never budgeted sucessfully

This will probably come off as arrogant, even though its not meant to, but it baffles me that anyone thinks its a lot of work or hard to do, or you need some fancy program. I have an excel spreadsheet that works the same every month (copy and paste), a checking account that pays all the bills on au...
by SRenaeP
Fri May 25, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Do I need to reduce monthly debt payments? Auto + House
Replies: 10
Views: 1388

Re: Do I need to reduce monthly debt payments? Auto + House

$3500/mo free cash = $42k in a year. Buy one Honda for cash within the next 12 month. 170k miles isn't typically end of life for a Honda so drive that one until you have cash to pay for its replacement. Use the 'plenty of savings' for your down payment and quickly replenish with the $3500/mo free ca...