Search found 105 matches

by Pete3
Tue Mar 31, 2020 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Paying estimated self-employed income
Replies: 17
Views: 738

Re: Paying estimated self-employed income

Correct, you can't delay but you can front-load and then reduce when you know you're paying too much. Unfortunately, there are a few Bogleheads who, based on their posts, believe if you don't make four equal payments, you lose all safe-harbor protections* or believe that 2210-AI is then required. A...
by Pete3
Tue Mar 31, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Paying estimated self-employed income
Replies: 17
Views: 738

Re: Paying estimated self-employed income

IRS might gripe about uneven payments, but then you have the numbers to show them that your unequal payments were based on profit. (While their demand for equal payments is based on some world where business make exactly the same amount each quarter, even when the quarters had uneven number of mont...
by Pete3
Sun Dec 29, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37446

Re: Turbotax 2019 on Amazon

FI4LIFE wrote:
Sun Dec 29, 2019 7:22 pm
What additional fees are paid when you file using the downloaded deluxe version? Does $40 cover everything?
Fed efile is included in the price, you pay for state if you want to state efile via TurboTax
by Pete3
Sun Dec 29, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37446

Re: Turbotax 2019 on Amazon

I installed it this A.M. & see that they're using activation codes again. If I recall, that became a disaster for them a number of years ago. I hope this time is better... The last time it was part of a draconian DRM that involved modifying a hard drive boot sector, no sign of anything like that th...
by Pete3
Sat Dec 28, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37446

Re: Turbotax 2019 on Amazon

I just downloaded it for $29.88 - the no gift card version. New this year, I believe, is a registration code good for 5 computers. Thank you Bogleheads for the alert! Did you get the one with a state download or just Federal? Stupidly got the non-state one. Will try to return it or just have a $31....
by Pete3
Fri Dec 27, 2019 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37446

Re: Turbotax 2019 on Amazon

I installed the Deluxe desktop version purchased from Amazon today, the same financial info import interface is there as previous years. I couldn't actually import anything to test it since the data isn't ready yet but there is no indication that it will not work. You should be alright, but I think...
by Pete3
Thu Dec 26, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37446

Re: Turbotax 2019 on Amazon

Based on one reviewer from costco.com, the 2019 deluxe PC version does not import transactions electronically for schedule D. Does anyone here have first hand experience with 2019 version regarding this? https://www.costco.com/turbotax-deluxe-federal-2019-pc-(e-delivery).product.100521872.html My r...
by Pete3
Thu Dec 26, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Wages Incorrectly Garnished
Replies: 10
Views: 1542

Re: Wages Incorrectly Garnished

You mention concern that this could show up on your credit report. I cannot imagine any way that would happen, if that's any reassurance. I was incorrectly garnished and it DID show up on my credit report even though my credit monitoring service said it would not. Luckily it was easy to solve by ha...
by Pete3
Sun Dec 22, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37446

Re: Turbotax 2019 on Amazon

It's amazing how many people think they need to get Turbotax Premier when Deluxe has everything they need - Intuits misleading advertising causes the confusion that some people must use premier https://ttlc.intuit.com/community/taxes/discussion/exactly-which-forms-are-included-in-turbotax-deluxe-and...
by Pete3
Fri Dec 20, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Amica - Auto Policy, only 6 months
Replies: 57
Views: 4454

Re: Amica - Auto Policy, only 6 months

An insurance company that offers non-standard policies does not make the company non-standard - that is completely mis-using the term. There are non-standard customers and companies that offer non-standard policies to them but the same company (Geico) can also serve standard customers with standard ...
by Pete3
Wed Dec 04, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance?
Replies: 11
Views: 907

Re: How much umbrella insurance?

So, without going into detail about how much money I have in the various accounts, how much umbrella insurance should I have per million dollars spread out as above? The amount of umbrella insurance you get should have nothing to do with your net worth. You aren't insuring your assets, you are insu...
by Pete3
Sat Nov 23, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: "negotiating" new pay rate 1099
Replies: 18
Views: 1489

Re: "negotiating" new pay rate 1099

What is it exactly that makes you a 1099 contractor rather that an employee? Are you paid directly by the company, or by an outside company that provides your services to the company that uses you? If you are paid by the company that uses your services, it sounds like the company may be trying to s...
by Pete3
Sat Nov 09, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37446

Re: Turbotax 2019 on Amazon

BTW if you have Prime slow shipping credits, they can be used for the digital download version. Wow, that is useful information. I've never found anything that I could apply those credits for so I stopped bothering. This page doesn't mention digital software downloads as the type of item that you c...
by Pete3
Fri Oct 25, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 6048

Re: Who does your tax returns?

I do my own with TurboTax. I've learned so much by seeing how each entry impacts the tax refund (or tax due) and running my own what-if scenarios. This is a good way to understand your taxes, which helps you make more tax-efficient decisions in the future. Each year the software remains pretty much...
by Pete3
Tue Oct 15, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Harbor through Withholding
Replies: 22
Views: 1117

Re: Safe Harbor through Withholding

Not sure if this goes without saying but if you earn the money evenly throughout the year that is taxable you cannot just send a bunch of money to the IRS at the end of the year, even if you over-withhold or meet the safe harbor limits. The IRS expects you to make even payments in such a case otherw...
by Pete3
Mon Sep 16, 2019 6:36 am
Forum: Investing - Theory, News & General
Topic: Brokerages for Futures Trading in IRA?
Replies: 20
Views: 1910

Re: Brokerages for Futures Trading in IRA?

Both IB & TDA have features that make rolling over futures easy (and less risky) at quarterly expiration Edit: One more CON for IB, you have to pay a monthly fee for data unless you exceed some commission thresholds, so if your "trading" is more like buy and hold (swing) you will likely have to pay...
by Pete3
Wed Sep 11, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella coverage a no brainer?
Replies: 13
Views: 1872

Re: Umbrella coverage a no brainer?

Many people base their umbrella coverage on the net worth of non-protected assets. Others base it on the idea of being large enough to handle typical settlement. Still others say so long as you have at least 1-2 million, you will have the insurance company’s attorneys working for you and that’s eno...
by Pete3
Tue Sep 10, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Equifax breach settlement update?
Replies: 49
Views: 4714

Re: Equifax breach settlement update?

If the service offered by Equifax is better, I think I will change my answer and take the free monitoring. Free multi-year monitoring is worth more to me than the small $ amounts being talked about. I agree that the Equifax service is probably going to end up being worth much more than the mere pit...
by Pete3
Tue Sep 10, 2019 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Equifax breach settlement update?
Replies: 49
Views: 4714

Re: Equifax breach settlement update?

I have credit monitoring from Experian (free), they have additional premium monitoring services that are extra but the base service doesn't cost anything. I think I ended up with an Experian account from another breach-related free "premium" credit monitoring service offer years ago, once that expir...
by Pete3
Thu Sep 05, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard/Yodlee for Aggregation
Replies: 52
Views: 3381

Re: Vanguard/Yodlee for Aggregation

Are there any alternative products/services that you recommend over Yodlee that would suit my purposes? Not that I would necessarily recommend but there is https://home.personalcapital.com which uses Yodlee on the backend. If you give them your real phone number expect to get phone calls. If you ca...
by Pete3
Thu Sep 05, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Changing password, necessary on private network?
Replies: 8
Views: 566

Re: Changing password, necessary on private network?

It takes a while for changes to become widely adopted, NIST changed their password guidelines recently, hopefully others follow:

https://www.alvaka.net/new-password-gui ... -via-nist/
by Pete3
Fri Aug 30, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: Brokerages for Futures Trading in IRA?
Replies: 20
Views: 1910

Re: Brokerages for Futures Trading in IRA?

Sorry I didn't see this thread earlier, I "trade" futures in both IB and TDAmeritrade (aka ThinkOrSwim) IRA accounts and have for a while. You pretty much nailed the pros and cons, overall I prefer IB but their inflated margin requirements for futures in IRA are painful and yea, they will liquidate ...
by Pete3
Wed Aug 28, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: When to have an Umbrella insurance policy
Replies: 39
Views: 4498

Re: When to have an Umbrella insurance policy

Do you recommend having an Umbrella policy at all times? Or only once you get to a certain level of assets/net worth? If so, at what level (dollar amount wise) is it advisable to take out an Umbrella policy, and how big of a policy (dollar wise) should you take out? e.g. if you have $500,000 in ass...
by Pete3
Tue Aug 13, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Cashier's check with husband and wife's name
Replies: 12
Views: 1438

Re: Cashier's check with husband and wife's name

You can deposit checks without signature by endorsing "For Deposit Only" and the account number written on the back of the check. I do this all the time. I don't even both with that when electronically depositing checks at USAA (via SmartPhone app) - I noticed they don't seem to care so I no longer...
by Pete3
Thu Aug 08, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: New independent contractor
Replies: 4
Views: 681

Re: New independent contractor

You didn't mention your expected annual gross but in general a solo 401k will allow you to contribute a higher amount than a SEP-IRA.

Fidelity offers a solo 401k with zero setup or maintenance costs, I highly recommend it.
by Pete3
Thu Aug 01, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 156
Views: 15501

Re: Equifax settlement: how to file claim?

Not sure why they gave an actual figure of $125. They made it appear to be a firm price...choose $125 or free monitoring I think that is why the FTC felt the need to clarify and give everyone another chance to change their mind about cash vs credit monitoring. The original never mentioned it was $1...
by Pete3
Wed Jul 31, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 156
Views: 15501

Re: Equifax settlement: how to file claim?

Update on the FTC site about how no one who opt'd out of the free credit monitoring will be getting anywhere near $125 https://www.ftc.gov/enforcement/cases-proceedings/refunds/equifax-data-breach-settlement#FAQ5 5. I thought I could choose $125 instead of free credit monitoring. What happened? The ...
by Pete3
Thu Jul 25, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 156
Views: 15501

Re: Equifax settlement: how to file claim?

is the 10 hour "self certification" of $250 in addition to the $125 given if refusing credit monitoring? If consumers in the class action already have credit monitoring, they can be paid $125. Cash payments Every person can receive up to $500 for the time they spent “taking preventative measure or ...
by Pete3
Thu Jul 25, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 156
Views: 15501

Re: Equifax settlement: how to file claim?

Here's the link to file your claim : https://www.equifaxbreachsettlement.com/ I don't expect anyone to trust a random domain like this so please feel free to go to Equifax's site (https://www.equifax.com), there is a link to this other site right at the top If you opt out of the credit monitoring s...
by Pete3
Wed Jul 24, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 156
Views: 15501

Re: Equifax settlement: how to file claim?

Here's the link to file your claim : https://www.equifaxbreachsettlement.com/ I don't expect anyone to trust a random domain like this so please feel free to go to Equifax's site (https://www.equifax.com), there is a link to this other site right at the top If you opt out of the credit monitoring se...
by Pete3
Tue Jul 23, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Article: Safe Deposit Boxes Aren't Safe
Replies: 96
Views: 9609

Re: NYT Article: Safe Deposit Boxes Aren't Safe

I'm amazed that the bank had items disappear between when the sdb was opened and the contents placed in a bank storage facility. Were bank employees able to rifle through the contents and pick the expensive looking items to keep? What kind of shoddy procedures would have been in place to allow this ...
by Pete3
Tue Jul 23, 2019 10:58 am
Forum: Personal Investments
Topic: Betterment Everyday Savings and Checking Launches - 2.69% interest, FDIC insured
Replies: 21
Views: 1835

Re: Betterment savings 2.69%

Its a promo rate, the real current rate is still a decent 2.43% though: "The Betterment Everyday Savings ("Savings") annual percentage yield ("APY") is based on commitments from program banks if the program was available as of 07-10-2019. 2.69% APY is a promotional offer for individuals who sign up ...
by Pete3
Tue Jun 18, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 101
Views: 21575

Re: Do not use Personal Capital

This thread cracks me up....here's a good primer on security at PC....and why you are less safe logging into your own accounts from your browser than you are using PC to monitor them: https://wallethacks.com/personal-capital-security-safe/ So if one is really concerned with hacking they shouldn't b...
by Pete3
Mon Jun 17, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 101
Views: 21575

Re: Do not use Personal Capital

If you think each bank has developed its own systems then you know nothing about modern IT and systems integrations. Most of the banks lease systems. It is either SaaS or PaaS and IaaS. This is done for liability, security, and connectivity. Nobody will developed their own Fair Isaac system because...
by Pete3
Mon Jun 17, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 101
Views: 21575

Re: Do not use Personal Capital

You guys do understand that they are not storing your passwords in clear text. I bet they are not storing them at all. Your credentials are used to initiate to connection to other financial institutions then a token gets generated between 2 of them, that gets stored in their system and it is used t...
by Pete3
Mon Jun 10, 2019 2:03 pm
Forum: Personal Investments
Topic: HSA investment advice
Replies: 25
Views: 3096

Re: HSA investment advice

I have about 30K balance in my HSA. HSA is with the Health Equity. I need help with the investment selection in my HSA account. This HSA balance is a very small part of my assets so I am not worried about the asset allocation. My primary goals for my HSA investment: 1. Take minimum risk 2. Preserve...
by Pete3
Mon Jun 10, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 10987

Re: Do you carry Umbrella Insurance?

I'm debating on the limit I should carry for Umbrella Insurance. What percentage of your net worth do you carry as umbrella insurance? Several people have already explicitly stated this but do you understand why your net worth should have nothing to do with how much umbrella insurance you carry? Ma...
by Pete3
Sun Jun 09, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Checks without my account number
Replies: 39
Views: 4563

Re: Checks without my account number

When I do bill pay from my bank, my bank deducts the money immediately and the check that is mailed is a bank check, not a check drawn from my account. Thus it doesn't need to have my account number, just like a bank check that you would get from the bank in person.
by Pete3
Thu Jun 06, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 10255

Re: Failed land investments and what to do with it?

jminv wrote:
Wed Jun 05, 2019 7:06 pm
You're paying 100/lot/year in tax on pointless land.
OP (emphasis mine) "I pay about 100 dollars in property tax annually for all 5 pieces of properties combined."
by Pete3
Thu Apr 25, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2
Replies: 13
Views: 728

Re: 1099 vs W2

Thanks for all the valuable advise. Hourly rate being offered is exactly same for 1099 vs. W2. They are not offering any premium for extra SS and medicare taxes on 1099. In that case, should we take W2 or 1099? If I were you I would run the 2 different scenarios through TurboTax (or whatever tax pr...
by Pete3
Thu Apr 25, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: 1099 vs W2
Replies: 13
Views: 728

Re: 1099 vs W2

I would ignore the meta-discussion about employee versus contractor classification, it doesn't address the question you asked and it is irrelevant, if the EMPLOYER misclassifies your wife she has no liability, the EMPLOYER has the liability. I have the same situation where I can work as 1099 or W2 w...
by Pete3
Sun Mar 03, 2019 6:04 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Income Tax State of maryland
Replies: 16
Views: 1318

Re: 2018 Income Tax State of maryland

Maryland's legislators realized this problem in 2018 after the new tax law passed and considered de-coupling the state tax return from the federal so that you could itemize on state even if you took the standard deduction on the federal but they did not end up doing anything - this gives Maryland a ...
by Pete3
Sat Mar 02, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Income Tax State of maryland
Replies: 16
Views: 1318

Re: 2018 Income Tax State of maryland

For me, $23400 if itemize versus $24000 for std deduction (Fed)

For MD state, std deduction is $4500 versus $14700 itemized

So paying taxing on $600 more on the fed gives $10000 higher deduction on state.

Home mortgage interest is what made it close since SALT was capped at $10k
by Pete3
Sat Mar 02, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Income Tax State of maryland
Replies: 16
Views: 1318

Re: 2018 Income Tax State of maryland

Just did income taxes. Surprise. Did both ways. Itemizing and taking standard deduction. In Maryland you have to take standard deduction on state if you take it on federal. net result FOR ME: I pay less taxes between the two if I itemize, even though I have to pay considerably more to federal. Me t...
by Pete3
Sun Feb 10, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: COBRA deductible as Self Employed Health Insurance?
Replies: 11
Views: 1275

Re: COBRA deductible as Self Employed Health Insurance?

First, it is not correct that the policy must be in the name of the business. Here is a direct quote from Form 1040 Instructiions; "If you are filing Schedule C, C-EZ, or F, the policy can be either in your name or in the name of the business." It is really a gray area as to whether COBRA can be co...
by Pete3
Fri Jan 25, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax on TaxMarkDown.com
Replies: 42
Views: 5434

Re: TurboTax on TaxMarkDown.com

I usually buy the download version from Amazon but I have purchased from fly-by-night sites in the past and here are some things to keep in mind. These downloads are digitally signed by Intuit - you can right-click on the file and see that it is digitally signed using a Symantec certificate. There i...
by Pete3
Fri Jan 25, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Unpleasant surprise 2018 Federal Tax - high level overview?
Replies: 114
Views: 16946

Re: Unpleasant surprise 2018 Federal Tax - high level overview?

Sorry, but it's politics. My taxes went up as well this year. Withholding tables were adjusted incorrectly so that taxpayers thought they got a tax break up until the November elections, but then the truth came out. Politics have nothing to do with - the withholding tables are not created by politi...
by Pete3
Tue Jan 15, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing
Replies: 16
Views: 1142

Re: Solo 401(k) - Separate EIN Should Be Used for 5500EZ Filing

I got my first and only EIN for my solo 401(k) plan when it was established and it is the only thing I have ever used for 5500-SF filings
by Pete3
Fri Nov 02, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: final January estimated quarterly tax payment- can it be paid in April with return?
Replies: 7
Views: 809

Re: final January estimated quarterly tax payment- can it be paid in April with return?

I've made my first 3 estimated tax payments for 2018. I have a big sec 179 tax deduction which I am sure will make my final January estimated payment unnecessary. Can I skip it? I read somewhere here that there is no penalty for missing the January estimated federal payment if you pay due taxes in ...
by Pete3
Tue Oct 23, 2018 5:21 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 80561

Re: Talk me out of buying a Tesla Model 3

Your 70A subpanel will work fine depending on the other big loads in your house and how often they're used (electric heat, AC, dryer, electric oven). The good news is my condo has no other large electrical loads other than central A/C (240V/30A breaker). All the appliances are gas. The bad news is ...