Search found 662 matches

by SRenaeP
Tue Feb 20, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: Paying for expedited credit card replacements?
Replies: 16
Views: 578

Re: Paying for expedited credit card replacements?

AmEx has overnighted replacement cards to me for no cost. I also had Chase to expedite a card to me overseas at no cost. Of course the card arrived mere minutes before I checked out of the hotel but at least they tried.

-Steph
by SRenaeP
Fri Feb 16, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Travel Insurance...Is it worth it?
Replies: 16
Views: 1325

Re: Travel Insurance...Is it worth it?

Check your credit card. The Chase Sapphire Reserve has trip delay, baggage delay, trip cancellation, trip interruption, and emergency medical up to $2,500 if you purchase your fare with the card. When I travel to remote locations, I typically purchase medical evacuation insurance separately from th...
by SRenaeP
Fri Feb 16, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Should I get travel insurance?
Replies: 5
Views: 465

Re: Should I get travel insurance?

I don't ever bother with travel insurance. The one or two times I've had to cancel or change plans due to an emergency, I've found most, if not all, of the travel providers were willing to work with me and provide a credit for future travel, waive change fees, etc. That said, I do carry travel *medi...
by SRenaeP
Fri Feb 16, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 261
Views: 14432

Re: For BHs who actually like cars - [what car do you drive every day?]

2004 BMW Z4, 6 speed manual

I was thinking about replacing it with a newer model in a few years. However, with talk of impending nieces or nephews, I'm considering getting something with a backseat.

-Steph
by SRenaeP
Mon Jan 29, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: $300 Cash Card - Can I Sell It, or Should I Use It for a Large Purchase?
Replies: 13
Views: 1020

Re: $300 Cash Card - Can I Sell It, or Should I Use It for a Large Purchase?

I would *not* use it for a large purchase. I would rather have the protections (e.g. extended warranty, etc.) that a CC provides. Just use it for day to day purchases such as groceries.

-Steph
by SRenaeP
Wed Jan 24, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking through Paying Down the Mortgage
Replies: 58
Views: 4275

Re: Thinking through Paying Down the Mortgage

Don’t pay it off if you will be moving in less than 10 years. You want to have cash readily available to you rather than having it tied up in a house. I just went through this when we unexpectedly moved and I had a paid off house (over 200k cash). All that money sitting in the house and I was kind ...
by SRenaeP
Wed Jan 24, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: How Long For Mortgage Term?
Replies: 36
Views: 3410

Re: How Long For Mortgage Term?

askerdu wrote:
Tue Jan 23, 2018 11:03 pm
chevca wrote:
Tue Jan 23, 2018 6:38 pm
What's your mortgage rate now? A refi still may not be worth it if you move soon. It would depend on costs and break even point.
4.37%.
Check out the 5/1 ARM at Third Federal. It should be at least 1% lower than your current rate.

-Steph
by SRenaeP
Tue Jan 23, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How Long For Mortgage Term?
Replies: 36
Views: 3410

Re: How Long For Mortgage Term?

If you're planning on selling within five years, why buy at all? Renting may be the better choice financially. Transaction costs on both ends will eat up a lot of any possible gains.

-Steph
by SRenaeP
Tue Jan 23, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Thinking through Paying Down the Mortgage
Replies: 58
Views: 4275

Re: Thinking through Paying Down the Mortgage

with 10 years to go With only ten years left the situation is a lot different than if you had a 30 year mortgage since you would not have the low interest rate for a long time anyway. Five years from now it will be about halfway paid off anyway. Two things I would look at are; 1) Are you maxing out...
by SRenaeP
Mon Jan 22, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K, 401a Limits
Replies: 15
Views: 1278

Re: After Tax 401K, 401a Limits

Just read through example 1 in the linked publication: Example 1: Greg, 46, is employed by an employer with a 401(k) plan, and he also works as an independent contractor for an unrelated business. Greg sets up a solo 401(k) plan for his independent contracting business. Greg contributes the maximum...
by SRenaeP
Mon Jan 22, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: After Tax 401K, 401a Limits
Replies: 15
Views: 1278

Re: After Tax 401K, 401a Limits

What does your inclusion of 401k and 401a in the title mean. Are the two plans both 401k plans or a 401k and a 401a plan? 401a pre-tax contributions are considered mandatory contributions and are not included in the employee deferral limit. There is a separate annual addition limit (2018 = $55K) fo...
by SRenaeP
Tue Jan 16, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: W2 Vs Last Pay Stub
Replies: 6
Views: 1170

Re: W2 Vs Last Pay Stub

Hi We usually get our W2's during the end of January from our employer. That is when we key in our numbers in some online tax service providers and get an estimate as how much refund/owe from IRS. Wondering instead of waiting for the W2, can we use our last pay stub from 2017 and use that as well t...
by SRenaeP
Tue Jan 16, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: State tax credits that can be bought/traded
Replies: 11
Views: 1561

Re: State tax credits that can be bought/traded

Unfortunately I do not psteinx. I've only on my 4th year and the firm has been doing it his way for a long time. I'm sure there is some sort of authority for the position, I just do not know it. Most of our clients purchase credits and have been audited and to my knowledge, this treatment has not b...
by SRenaeP
Wed Jan 03, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any real estate lawyers here?
Replies: 13
Views: 880

Re: Any real estate lawyers here?

Thanks Steph. This is helpful. Would you think I'm best served to try to negotiate buying the land with the buyer, or to buy the lien and wait things out? I imagine it depends. Now that this has been filed with the courts, does everything have to go though the courts now, or can the court mess be a...
by SRenaeP
Wed Jan 03, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Any real estate lawyers here?
Replies: 13
Views: 880

Re: Any real estate lawyers here?

Disclaimer that I'm not a real estate lawyer. That said, I suspect the court is notifying you so that you can purchase the tax lien if you'd like. The timelines/process vary per jurisdiction but in general, purchasing the lien means that you pay all the back taxes. The current owner has a certain am...
by SRenaeP
Wed Jan 03, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Pay extra on Mortgage or save for car? Need Advice, Please!!
Replies: 29
Views: 1312

Re: Pay extra on Mortgage or save for car? Need Advice, Please!!

will the dealer even agree to a measly 5k loan? Probably not. We were in a similar situation when we purchased our last vehicle. The dealer's loan minimum was $15k. Therefore, we put down less of a down payment to hit the $15k. Once the loan was official/set up online, we made a lump sum payment of...
by SRenaeP
Fri Dec 29, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Donating shares from Vanguard
Replies: 17
Views: 1081

Re: Donating shares from Vanguard

OP may still have time to open a donor advised fund with VG shares, but I think that has a $25k minimum (although once you open the account you wouldn't have to contribute the entire $25k in a single year or to a single organization). This is why many people, including me, opt to open a Fidelity DA...
by SRenaeP
Wed Dec 27, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off Mortgage as a Gift
Replies: 11
Views: 1172

Re: Paying off Mortgage as a Gift

Could you use middlemen (friends/family) to gift to that gift the money to the parents? I think you're looking at tax evasion charges if you get too creative. https://www.bogleheads.org/forum/viewtopic.php?t=218481 To be clear I was asking for legal ways to minimize the tax. Please keep responses f...
by SRenaeP
Thu Dec 21, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 136
Views: 25120

Re: Becoming a Landlord: My Experiences

It's my preliminary understanding that we, as small business landlords, are in the category of passthroughs and that the tax in this category is capped at 25%. Can anyone confirm? I have not seen anything definitive but my understanding is the opposite. As a landlords (Schedule E income), we are *n...
by SRenaeP
Wed Dec 20, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 424
Views: 150237

Re: The Mega Backdoor Roth IRA

Oscarguy, do not put this 401k money into tIRA followed by a conversion - that will require pro-rating with any other IRAs. The caveat is to this is you can do it *if* your 401k plan will then allow you to roll the tIRA money back into the pre-tax 401k. That way, you will have $0 basis in the tIRA ...
by SRenaeP
Wed Dec 20, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: LLC - accounting and taxes for 2017
Replies: 10
Views: 774

Re: LLC - accounting and taxes for 2017

From some windfall in this year - 2017 , I have formed an LLC and funded with some capital. LLC has a broad charter from commercial real estate to angle investing. However at this point, I am still not actively operating the LLC as I am in a research phase. I have a few questions. 1. Do I need to h...
by SRenaeP
Thu Dec 14, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Questions about donating appreciated fund shares
Replies: 8
Views: 693

Re: Questions about donating appreciated fund shares

So, our taxable fund has more than doubled, and I really want to give some of these fund shares to charity instead of using cash, but it seems like such a pain! I am trying to use VG's form for donating securities, but apparently I must have a brokerage account to pull this off. I have filled out t...
by SRenaeP
Thu Dec 14, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage as part of a pay down strategy
Replies: 60
Views: 3144

Re: Recast mortgage as part of a pay down strategy

Given that you're committed to paying the original amount of the mortgage payment or more, I see little benefit to recast every year. If your financial situation changes and you need a lower payment to make ends meet, you can recast as needed for no fee. +1 I am in a similar situation and actually ...
by SRenaeP
Wed Dec 13, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Rental properties, legal structure
Replies: 4
Views: 475

Re: Rental properties, legal structure

My wife and I have w2 wages about 200k, we max 401k, we max Roth as allowed by income, and I have sep-ira from a small/part time side company I own. We have 15yr @3% mortgage. We own 3 rental properties all with modest mortgages. Right now all 3 are owned only be me(deeded my name only) and reporte...
by SRenaeP
Fri Dec 08, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: QUESTION ANSWERED NO HELP NEEDED - mortgage escrow payment added to principal balance and charged interest each month
Replies: 18
Views: 787

Re: mortgage escrow payment added to principal balance and charged interest each month

My statements work like this: November principal balance is 100,000 and my interest rate is 3.875% monthly payment total: 2000 monthly interest: 322.92 escrow: 450 principal reduction: 1,227.08 principal balance after payment: 98,772.92 (you see here they add the interest AND the escrow amount to g...
by SRenaeP
Fri Dec 08, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2406
Views: 452352

Re: What's Your Credit Card Rewards Strategy?

Anyone have suggestions for a good sign-on bonus? The flights I want are $1500 in May on either Delta or Air France. For whatever reason, Delta doesn't have any award tickets so I need a card with points vs SkyMiles. I was thinking about the Amex Platinum but it would only save me ~$500 on the airfa...
by SRenaeP
Wed Dec 06, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Taxes
Replies: 18
Views: 2405

Re: Side Hustle Taxes

I don't think the business aspect makes any changes to taxes. One would still file Schedule C as a Sole Proprietary whether one had called it a business or not, right? For instance, a solo 401(k) can be used by that sole proprietorship without registering the business anywhere. Anecdotal data says ...
by SRenaeP
Wed Dec 06, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2406
Views: 452352

Re: What's Your Credit Card Rewards Strategy?

I write a big rent check every month. My apartment management accepts credit cards @ 2.25% for Visa, 3% for Amex. I'm not angling for any bonuses right now, but trying to think of a scenario where it might be a net gain to pay by credit card. I have Amex Blue Business, but that would a loss I think...
by SRenaeP
Wed Dec 06, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 1815

Re: In-plan rollover of after-tax 401k contributions

Compared to many plans, limiting IRRs to one per year is restrictive. Adding a $100 fee is also not participant friendly. Don't know why they would need both restrictions, but the added level of plan accounting necessary with IRR adoption does come with a cost. It is not clear how the plan defines ...
by SRenaeP
Tue Dec 05, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 1815

Re: In-plan rollover of after-tax 401k contributions

Compared to many plans, limiting IRRs to one per year is restrictive. Adding a $100 fee is also not participant friendly. Don't know why they would need both restrictions, but the added level of plan accounting necessary with IRR adoption does come with a cost. It is not clear how the plan defines ...
by SRenaeP
Tue Dec 05, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: In-plan rollover of after-tax 401k contributions
Replies: 18
Views: 1815

Re: In-plan rollover of after-tax 401k contributions

I'm also interested in this topic as my employer has just started allowing in-plan Roth conversions. I already have a balance in my after-tax 401k but am considering upping my contributions as much as possible to take advantage. There are penalties for doing an in-service withdrawal so that's not an...
by SRenaeP
Mon Nov 27, 2017 8:51 am
Forum: Personal Consumer Issues
Topic: Google Project Fi - "Device Protection" problem
Replies: 41
Views: 3323

Re: Google Project Fi - "Device Protection" problem

If any of you who are having phone issues purchased via CC, consider making a claim through the CC company. My 1.5 year old Nexus 5x died on me about two weeks ago. Neither Google nor LG were very responsive so I filed a claim with AmEx (they automatically double the warranty on purchases). I got a ...
by SRenaeP
Wed Nov 22, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 11283

Re: What are the things you want to do between 55 and 65?

Ms G. and I retired in 2006 ages 50 and 54, I am now 66 bought a rancho 30 miles from Mexico. We are both active, hiking, running, walking, have lots of critters to keep us busy. Currently we only take active trips, cruising on small ships, kayaking, snorkeling, hiking. We are also starting walking...
by SRenaeP
Mon Nov 20, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Do I have to report a thank-you dinner as income to the IRS?
Replies: 15
Views: 2497

Re: Do I have to report a thank-you dinner as income to the IRS?

You are legally allowed to gift an individual $14k a year. So you can gift them your service and they can gift you their appreciation. You can't do this if you are doing the service for their business. It's called personal not business gift. There is a business gift exception of only $25.00. I'm pr...
by SRenaeP
Mon Nov 20, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: Best places to stay/visit in Panama
Replies: 6
Views: 733

Re: Best places to stay/visit in Panama

I have heard they have a canal that goes between the Pacific Ocean and the Atlantic Ocean (more or less). That would be something to see. Meh. I found the Panama Canal mildly interesting but not particularly enthralling. I second the recommendations for Boquete and Bocas del Toro. I wouldn't spend ...
by SRenaeP
Mon Nov 20, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 6370

Re: How much do you budget for vacation?

We don't budget for anything except saving/investing. We spend 6-7% of gross income annually on travel. For reference, we're early 40s DINKs who love to travel. We typically do (per year) one international trip, one long weekend skiing, one weeklong ski trip, one weeklong beach trip and a couple of ...
by SRenaeP
Thu Nov 16, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: Upgrading a flight - what are your rules?
Replies: 40
Views: 3963

Re: Upgrading a flight - what are your rules?

My rule of thumb is asking myself what I could do with the cost of the upgrade when I arrive at my destination and if that is worth more to me than a few hours of discomfort. $1000 in Hawaii could make a lot of memories for a family. I've seen a few posters make similar statements. Are you saying t...
by SRenaeP
Wed Nov 15, 2017 4:33 pm
Forum: Personal Consumer Issues
Topic: Upgrading a flight - what are your rules?
Replies: 40
Views: 3963

Re: Upgrading a flight - what are your rules?

BV3273 wrote:
Mon Nov 13, 2017 9:48 pm
Personal preference. For me anything over 3-4 hours is worth the upgrade. I find it miserable having someone's seat reclined and in my face.
Ditto. I upgrade to economy plus for anything more than ~3 hours unless I am able to book the exit row or bulkhead when making my reservation.

-Steph
by SRenaeP
Wed Nov 15, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: Another Smart Phone Thread, Low/Mid priced phones and carriers
Replies: 53
Views: 3981

Re: Another Smart Phone Thread, Low/Mid priced phones and carriers

Try Google Fi with a Google Nexus 5x phone (by LG). Great phone, great service, and it works in 135+ countries or so. Pay as you go: my bill is usually am under $30/ month; of course I'm not streaming videos all day. I was with Verizon for over 25 years (it was Airtouch back then), and have had man...
by SRenaeP
Fri Nov 10, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13861

Re: Why make more money?

Maybe we can also ask: why NOT make more money? Because after a certain level of need is met, many people value their time more than money. If that were not the case, many many people would have one or two part-time jobs in addition to their full-time jobs. For a lot of people, the goal is not to m...
by SRenaeP
Fri Nov 10, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: PayPal alternative?
Replies: 47
Views: 2833

Re: PayPal alternative?

But after finding out about the terrible PP customer service, I'm wondering if there's a good alternative. This is an issue for eBayers -- your family members aren't likely to claim that they never got the cash, are they? :happy Not sure where customer service would even factor in here. My kids swe...
by SRenaeP
Fri Nov 10, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: PayPal alternative?
Replies: 47
Views: 2833

Re: PayPal alternative?

But after finding out about the terrible PP customer service, I'm wondering if there's a good alternative. This is an issue for eBayers -- your family members aren't likely to claim that they never got the cash, are they? :happy Not sure where customer service would even factor in here. My kids swe...
by SRenaeP
Fri Nov 10, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13861

Re: Why make more money?

Reading from this thread, there are folks that wouldn't want to be at their job if not for money. They rather spent time at home and/or other leisure activities. It's sad that this group cannot find purpose and fulfillment with their career. It's horrible if you spend your entire working life witho...
by SRenaeP
Thu Nov 09, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Declaring Tutoring Income
Replies: 16
Views: 2670

Re: Declaring Tutoring Income

there are several ways to avoid income tax on tutoring. ... 2. If she has a dedicated area such as a room that she uses to tutor students she can deduct up to $5 x the square feet of the room (up to $1500) as a home office deduction under IRS safe harbor. ... Note that dedicated really means dedica...
by SRenaeP
Wed Nov 08, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Another Smart Phone Thread, Low/Mid priced phones and carriers
Replies: 53
Views: 3981

Re: Another Smart Phone Thread, Low/Mid priced phones and carriers

I see the G5 Plus 64GB/4GB is on newegg for $225 as well, with a free Bluetooth speaker. https://www.newegg.com/Product/Product.aspx?Item=N82E16875209506&cm_re=g5_plus-_-75-209-506-_-Product Good point on the updates and security. I am probably oblivious to these, as I am on Android 4.something wit...
by SRenaeP
Wed Nov 08, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13861

Re: Why make more money?

Didn't Keynes predict that we would all be working 15 hours a week due to productivity gains? Perhaps that is exactly what we are seeing? However, instead of working their entire lives work 1/3rd the hours each week, we are seeing people choosing to work the full 40-45 hours, but do it for only 1/3...
by SRenaeP
Tue Nov 07, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13861

Re: Why make more money?

"Thou Shall Prosper" by Rabbi Lapin has an interesting non-Boglehead take, recommending never retiring. He says getting paid shows someone values your work, you are adding value, so you should continue adding value to society by working. I recently finished this book (it took a couple of years to r...
by SRenaeP
Wed Oct 25, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA vs backdoor
Replies: 7
Views: 637

Re: SEP-IRA vs backdoor

Thanks for your responses! A couple of follow-up questions: 1) I understand now that the effective max contribution for a SEP IRA is 20%. 2) Can I do a SOLO 401K if I already have a 401K through my W2 earnings? 3) It sounds like it's not a good idea to do both a SEP-IRA and a backdoor conversion ("...
by SRenaeP
Wed Oct 25, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 219
Views: 27087

Re: Does anyone here with net worths north of $1 mil use financial advisors?

The few times I've ever entertained using an FA, I always leave the meeting disgusted. I always know more than they do and they seem rather useless. However, I plan to meet with a fee-only CFP once the mortgage is paid off in order to get a sanity check as to if DH and I can semi-retire at that poin...
by SRenaeP
Mon Oct 16, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1460

Re: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

A while ago I asked a question about Mega Backdoor Roth, and long story short I was told that I could open a Roth 401k account within my company, and contribute a maximum of 10% of my income to my 401(k) as after-tax contributions, then roll over the after-tax contributions to my Roth 401k along wi...