Search found 1558 matches

by PaddyMac
Wed Apr 15, 2020 11:49 am
Forum: Personal Investments
Topic: Question on paying taxes online: How to pay for 2019 instead of paying estimated taxes for 2020?
Replies: 6
Views: 510

Re: Question on paying taxes online: How to pay for 2019 instead of paying estimated taxes for 2020?

If you are self-employed, try the IRS EFTPS service. Once you make an account, you can schedule payments in advance and it's very clear what it's for. It does take a little handshaking to get verified.

https://www.eftps.gov/eftps/index.jsp
by PaddyMac
Fri Apr 10, 2020 7:49 pm
Forum: Personal Consumer Issues
Topic: Bug help
Replies: 3
Views: 529

Re: Bug help

You need more birds.

https://xerces.org/pesticides
by PaddyMac
Wed Apr 01, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurers Waiving Treatment Covid Cost - Does this apply if you have a HDHP?
Replies: 15
Views: 870

Re: Health Insurers Waiving Treatment Covid Cost - Does this apply if you have a HDHP?

Another issue is Balance Billing if you go to an ER or hospital and get treated by out-of-network staff. The $6K deductible for two weeks in an ICU is a bargain, but not if you get hit with balance billing. That is what Congress needs to put a stop to. Especially since your family will not be allowe...
by PaddyMac
Wed Apr 01, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to "show" payroll as sole proprietor
Replies: 9
Views: 819

Re: How to "show" payroll as sole proprietor

Question for Ben Popken I would think. He's tracking all aspects of the "refund check" with Ali Velshi on Twitter

https://twitter.com/bpopken
by PaddyMac
Wed Apr 01, 2020 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Delay Quarterly Estimates
Replies: 9
Views: 529

Re: Delay Quarterly Estimates

Is the 2nd quarter due on June 15?
by PaddyMac
Mon Mar 30, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k - Do I have to decide contribution for 2020 NOW?
Replies: 4
Views: 250

Re: Solo 401k - Do I have to decide contribution for 2020 NOW?

Maybe 2019 contributions? Although I don't see where on my return I had to enter my Vanguard Solo Roth 401k contribution - I don't think the IRS cares. In fact, I transferred the money after I efiled. If she's talking about 2020, then that's insane. But just make up a number so you get your refund a...
by PaddyMac
Wed Mar 25, 2020 12:34 am
Forum: Personal Investments
Topic: sister's solo 401k
Replies: 3
Views: 261

Re: sister's solo 401k

She can only make contributions for 2019 to an account was OPEN before 12/31/2019. If the account had been opened last year, she could make contributions up until her tax filing deadline. Individual 401k deadlines are not as flexible as SEPs and others. Have her talk with Vanguard though. We have tw...
by PaddyMac
Mon Mar 23, 2020 5:23 pm
Forum: Personal Investments
Topic: My HSA investments of $58,000 disappeared during a transfer
Replies: 13
Views: 990

Re: My HSA investments of $58,000 disappeared during a transfer

With any HSA accounts we've had (and we were at Optum until we moved to Old National), there are two accounts: one for cash and one for investments. It's always surprised me that the two accounts are kept quite separate, often with completely separate log in and passwords. My gut says that they tran...
by PaddyMac
Mon Mar 23, 2020 10:55 am
Forum: Personal Investments
Topic: Really Need Advice: Helping a Friend
Replies: 15
Views: 760

Re: Really Need Advice: Helping a Friend

We were in the same boat after the Great Recession - too much stock (90%). But instead of selling, we just pivoted our savings to buy more bonds and more conservative funds like Wellesley and Wellington over the past ten years. Of course, now we will we had even more bonds, but 30% is better than no...
by PaddyMac
Sat Mar 21, 2020 11:30 pm
Forum: Personal Consumer Issues
Topic: Charity during COVID-19
Replies: 14
Views: 909

Re: Charity during COVID-19

+1 on the Foodbank. We are very afraid for our neighbors who will be losing jobs and small businesses. We live off royalties from online training videos, and so we are hoping our income is not affected too much. If that proves true in the next couple months, we plan to donate whatever :moneybag we g...
by PaddyMac
Sat Mar 21, 2020 11:20 pm
Forum: Personal Investments
Topic: How to turn off dividend re-investments on ETF for TLH in wellsfargo/fidelity
Replies: 3
Views: 214

Re: How to turn off dividend re-investments on ETF for TLH in wellsfargo/fidelity

At WellsTrade, we just gave them a call last week to turn off reinvestments.
by PaddyMac
Sat Mar 21, 2020 11:17 pm
Forum: Personal Investments
Topic: With tax filing deadline extended to July 15, does deadline for SEP contributions also extend?
Replies: 4
Views: 357

Re: With tax filing deadline extended to July 15, does deadline for SEP contributions also extend?

The rule was always the date that you filed for SEP-IRA (and Individual 401k).

So can't imagine why it would not be extended since you actually have until October 15 to contribute if you file an extension.
by PaddyMac
Sat Mar 21, 2020 11:14 pm
Forum: Investing - Theory, News & General
Topic: It's ok to do nothing
Replies: 20
Views: 2289

Re: It's ok to do nothing

We were going to do nothing, but then someone on Bogleheads mentioned tax loss harvesting (which we normally don't think about until December). So we did something. We're on the edge of retirement (withdrawing a little and have stopped saving). But we sold a bunch of VTI (that used to have 100% cap ...
by PaddyMac
Wed Feb 26, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed - personal loan or credit card balance transfer
Replies: 36
Views: 1511

Re: Advice needed - personal loan or credit card balance transfer

"The $200 for tv/internet is unfortunately one of our only options, in our area internet alone is about $130 and wife needs it when she works at home." Some great advice above. While you are budgeting, question every single expense. Even a small savings every month adds up. We switched from DirectTV...
by PaddyMac
Wed Feb 26, 2020 4:16 pm
Forum: Personal Investments
Topic: Opening SEP IRA while planning ahead for a Backdoor Roth
Replies: 3
Views: 294

Re: Opening SEP IRA while planning ahead for a Backdoor Roth

For 2020 taxes: I would open an Individual 401k plan well before the end of the year for your 2020 self-employment savings. Account must be opened by 12/31 but you can contribute up to your filing deadline including extn (so up to 10/15/2021). We opened ours at Vanguard, but Fidelity also makes it e...
by PaddyMac
Wed Feb 26, 2020 12:41 pm
Forum: Personal Investments
Topic: retirement portfolio help for my sister
Replies: 9
Views: 734

Re: retirement portfolio help for my sister

Agree with above. Stay clear of friends selling stuff. Before she meets anyone like that, make sure she understands about Expense Ratios and fees, and how awful variable annuities are. Whichever way she goes, that will be useful to her. I would recommend moving funds to Vanguard, then she will have ...
by PaddyMac
Wed Feb 26, 2020 12:27 pm
Forum: Personal Consumer Issues
Topic: Cancel flights due to coronavirus concerns?
Replies: 76
Views: 7827

Re: Cancel flights due to coronavirus concerns?

I do not think that there is any evidence that COVID19 is more deadly than influenza. The overwhelming majority of those that died in China from COVID 19 likely died due to a lack of adequate access to sufficient healthcare. Contrast that with influenza, where people are currently dying by the thou...
by PaddyMac
Tue Sep 24, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 10444

Re: Physical activity suggestions for a non athletic youth

I would suggest weight lifting at a gym, along with some walking. Muscles burn way more calories than fat. It will connect him to his body and make him feel stronger too. As he learns about muscles and feels them grow, he will wonder why he can't see them under the fat(!), which should get him inter...
by PaddyMac
Fri Sep 20, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Switching Use of Credit Card from Personal to Business
Replies: 2
Views: 233

Re: Switching Use of Credit Card from Personal to Business

No problem at all. I've done that a few times over the years. I'll get a card for a big business purchase to get the bonus points the first three months, pay it off, then move it over to a personal card for travel etc. The only card I mix personal & business with is the Amazon Store card, and I keep...
by PaddyMac
Sun Jul 28, 2019 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Why save HSA receipts?
Replies: 34
Views: 3280

Re: Why save HSA receipts?

We have saved in our HSA for a few years while we were earning good money, and it's about $50K now. Now that we are semi-retired, we use it as an emergency medical fund. So I "budget" what I think our normal medical needs are, and then any surprises comes out of the HSA. Last year we dipped into it ...
by PaddyMac
Sun Jul 21, 2019 6:25 pm
Forum: Personal Consumer Issues
Topic: CD music to iMac MojaveOS no CD drive
Replies: 14
Views: 1037

Re: CD music to iMac MojaveOS no CD drive

Another vote for the Apple DVD/CD player. I ripped all my audio CDs and plenty of DVDs as well. Never had an issue.
by PaddyMac
Sun Jul 21, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Banks for Higher Savings Rate
Replies: 9
Views: 874

Re: Switching Banks for Higher Savings Rate

We keep our emergency fund at Ally Bank; transfers in and out are plenty fast enough. Can't imagine any time when large purchase (emergency repair) etc. isn't on a credit card anyway, so lots of time to tranfer.
by PaddyMac
Thu Jul 11, 2019 12:19 am
Forum: Personal Consumer Issues
Topic: Scrubber machine to clean tile floors?
Replies: 8
Views: 961

Re: Scrubber machine to clean tile floors?

We have mostly tiles (12" sq). We got the Mopnado a couple of years ago and it's worked out great. https://smile.amazon.com/Mopnado-Stainless-Deluxe-Rolling-Microfiber/dp/B00I5ZCPU0/ You might have to watch a YouTube video to figure it out the first time you use it. I also added a stream cleaner for...
by PaddyMac
Thu Jul 11, 2019 12:04 am
Forum: Personal Consumer Issues
Topic: WaPo: "Mobile Passport" is the best-kept secret in air travel
Replies: 47
Views: 9076

Re: WaPo: "Mobile Passport" is the best-kept secret in air travel

We got global entry this year, and it comes with Pre-Check.

Check your credit card. Some of the Travel ones reimburse you for the $100 fee.

https://thepointsguy.com/guide/top-card ... -precheck/

Trish
by PaddyMac
Mon Jun 17, 2019 5:08 pm
Forum: Personal Consumer Issues
Topic: My Cost of Progressive Lenses/glasses - did I pay too much?
Replies: 69
Views: 5332

Re: My Cost of Progressive Lenses/glasses - did I pay too much?

I pay the same price, about $800, for progressives every couple of years from our local, semi-rural optician. Why? Because the glasses are the best I've ever had. Like you, I add on ALL the options to get thin lenses, choose the best glass, etc etc. The reason is that I was shocked the first time I ...
by PaddyMac
Tue Jun 04, 2019 10:21 am
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4848

Re: Amazon free shipping, bait-and-switch?

I'm a Prime member so always get free shipping. I also regularly get the "accept standard free shipping and we'll credit you $1 for digital items" (ebooks, videos etc.) I try to order pantry items and office supplies etc. a little ahead of when I run out, so that I take advantage of the offers. I al...
by PaddyMac
Thu Apr 18, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Filing Steps - Please help/confirm
Replies: 5
Views: 475

Re: Estimated Tax Filing Steps - Please help/confirm

I used EFTPS. Not sure if directpay has this option, but with EFTPS you can set up 4 payments all at once, in advance. (I find it handy to at least set up April and June, and maybe September in advance, then do an end-of-year rough tax return to see how much we owe in January with more accurate esti...
by PaddyMac
Thu Apr 11, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Sec 179 Deduction or De Minimis Safe Harbor Election?
Replies: 3
Views: 419

Re: Sec 179 Deduction or De Minimis Safe Harbor Election?

Yes, I had missed this new safe harbor until recently. We used to expense items under $500, but now the limit is $2500. It means no more S179 elections for most laptops and tablets and furniture etc. Just check the safe harbor box and you are good to expense up to $2500. Love it!
by PaddyMac
Thu Apr 11, 2019 10:26 am
Forum: Personal Consumer Issues
Topic: YouTube TV is increasing their price - will you cancel it?
Replies: 63
Views: 5880

Re: YouTube TV is increasing their price - will you cancel it?

We were paying $44 anyway, plus $5 for Motortrend app. So $50 including Motortrend is about the same. But I'm worried that every time they add a few channels they'll sneak up the price. I don't want 200 channels for $150...
by PaddyMac
Thu Apr 11, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: TaxAcT - PSA on gouging
Replies: 14
Views: 1561

Re: TaxAcT - PSA on gouging

I've been getting notices from TaxAct to lock in discounts for next year, by clicking the Auto-Enroll button.

One thing I will do next year is pay for the business "bundle" in one go, rather than check out four times (business Fed & State, personal Fed & State). It's the same price, but less hassle.
by PaddyMac
Fri Mar 29, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Marriott Bonvoy Brilliant & Chase Reserve..?
Replies: 7
Views: 904

Re: Marriott Bonvoy Brilliant & Chase Reserve..?

I have the basic Marriott (now Bonvoy) rewards card and even if you don't do a lot of travel (we might stay 1 to 3 times a year) we found it's worth the $95 fee. You get a free night (35,000 pts) after each anniversary (you have to wait a year, you pay the fee first). Just having Elite status automa...
by PaddyMac
Fri Mar 29, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 17662

Re: How often do you check your net worth?

I have a spreadsheet that I update at the end of each quarter, which started as an Apple Numbers template. I calculate all saving accounts in the Assets tab, which is my main interest. In Assets, I had to build a more complex spreadsheet so I would track growth/loss over the year, and then another t...
by PaddyMac
Sat Mar 23, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: DirecTv Now changes
Replies: 32
Views: 2829

Re: DirecTv Now changes

We ditched DTV for YouTubeTV recently and love it. You have unlimited DVR space and it includes the Golf channel. Each user has their own set of favorite shows, and it's easy to pull up the other account on an iPad and cast it to the TV. We have a Roku on one TV and an Apple TV on the other, and pre...
by PaddyMac
Fri Mar 22, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: solo 401K, backdoor Roth
Replies: 11
Views: 1016

Re: solo 401K, backdoor Roth

If I get paid, I have to pay taxes on all of it or not (I know I have to pay taxes)? So, if not all of it, that portion I don't pay taxes on and goes into a "tax-deferred account?" Yes. The deduction goes on Form 1040 (in 2019, this is on Schedule 1, Adjustments to Income, line 29, "Self-employed S...
by PaddyMac
Fri Mar 22, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Do you treat inheritance as a singular or shared asset?
Replies: 113
Views: 6401

Re: Do you treat inheritance as a singular or shared asset?

A bit of both. We have been married for 30 years and it didn't make sense not to merge our inheritances. What we did was to take a chunk of our inheritance ($10K) and buy something we always wanted. I bought a new piano for instance; the rest I just pooled into our Savings.
by PaddyMac
Fri Mar 22, 2019 11:05 am
Forum: Personal Investments
Topic: Vanguard no longer commission free, how do I fix this?
Replies: 20
Views: 3237

Re: Vanguard no longer commission free, how do I fix this?

First off, Vanguard DOES offer Admiral shares in a solo 401k, starting at the end of last year! I just learned that on this forum recently (thanks Bogleheads!). You have to call them, and give them permission on the phone to transfer the shares to the equivalent Admiral fund. Note that they are roll...
by PaddyMac
Fri Mar 22, 2019 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing 4.125% 30-year fixed mortgage
Replies: 25
Views: 3262

Re: Refinancing 4.125% 30-year fixed mortgage

Look at the "end dates" on both mortgages. Are you getting a 29 year mortgage (same term as your existing one)? Sounds like you are resetting the clock to 30 years and paying another year in payments. Have you worked out how much that's all going to cost in total (there should be calculators online ...
by PaddyMac
Thu Mar 21, 2019 1:10 pm
Forum: Personal Consumer Issues
Topic: Slow cooker vs Instant pot........
Replies: 62
Views: 4978

Re: Slow cooker vs Instant pot........

By the way, there are lots of great Facebook groups for the Instant Pot,

https://www.facebook.com/search/top/?q= ... SEARCH_BOX

including one focused just on IP Indian Food.

https://www.facebook.com/groups/Instant ... Communtiy/
by PaddyMac
Thu Mar 21, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: solo 401K, backdoor Roth
Replies: 11
Views: 1016

Re: solo 401K, backdoor Roth

OP, I'm a bit confused why you are so focused on saving to a Roth when your first question is "I would like to get an opinion about what to do about tax sheltering." Roth contributions do NOT reduce your taxes, it just means your growth is tax free inside the account. Is this what you mean by "shelt...
by PaddyMac
Thu Mar 21, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time on ACA
Replies: 35
Views: 3494

Re: 1st time on ACA

"If I understand your view on the subject, based on your idea; I would have to pay the full health care premium and recoupe the expense at tax time next year. This would be paying Uncle Sam through the year 2019, essentially giving him a loan and waiting for a refund next year." It comes down to con...
by PaddyMac
Wed Mar 20, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Do I have an old HSA? Searching for if I have a dormant account
Replies: 3
Views: 184

Re: Do I have an old HSA? Searching for if I have a dormant account

Was the employer opening HSA Accounts for everyone on Jan 1 with a bank? In order to get they money, I believe you would have to open an actual HSA bank account (not just put your name on a list with a health insurance company). Did you remember signing any paperwork? Did you ask your employer?
by PaddyMac
Wed Mar 20, 2019 11:08 am
Forum: Personal Investments
Topic: Roth vs Traditional - Tax Bracket and 401K?
Replies: 27
Views: 1710

Re: Roth vs Traditional - Tax Bracket and 401K?

It depends. The HSA would be my first choice (tax free both directions). How much do you already have saved tax-deferred vs. Roth? Remember that you have a Standard Deduction that you can fill up with tax-deferred withdrawals in the future, making that money tax-free in both directions. Another way ...
by PaddyMac
Tue Mar 19, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question for Solo 401k
Replies: 6
Views: 410

Re: Tax question for Solo 401k

You use your "earned income" to determine your EmployER contribution, but as noted it goes on the 1040 itself. (The implication of this is that your contributions do not reduce your SE income.) If you're using a tax program, it should tell you the maximum tax deferred amount you can contribute. Don'...
by PaddyMac
Tue Mar 19, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: solo 401K, backdoor Roth
Replies: 11
Views: 1016

Re: solo 401K, backdoor Roth

It's never too late to learn, but it does sound like you have a lot to learn. For 2018 Tax Year, you can open a SEP-IRA and shelter @ 20% of your SE income. You won't be able to use it again, but you'll have the writeoff. It's quick and easy to open a SEP. Your accountant can help you figure out how...
by PaddyMac
Tue Mar 19, 2019 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Marginal tax rates, Roth vs LT capital gains
Replies: 19
Views: 1016

Re: Marginal tax rates, Roth vs LT capital gains

Some light reading might help: http://www.moneychimp.com/features/tax_brackets.htm https://www.kitces.com/blog/understanding-the-mechanics-of-the-0-long-term-capital-gains-tax-rate-how-to-harvest-capital-gains-for-a-free-step-up-in-basis/ For 2017 TY I found that a portion of LTCG was being taxed at...
by PaddyMac
Mon Mar 18, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time on ACA
Replies: 35
Views: 3494

Re: 1st time on ACA

We were right on the cliff for 2018 and managed to duck under it with 401k contributions. It is well worth the extra math... Note that Obamacare-MAGI is your AGI plus any tax-exempt interest from munis from a brokerage account, just in case that's applicable (see links). Also, if you are on the ACA ...
by PaddyMac
Mon Mar 18, 2019 5:59 pm
Forum: Personal Consumer Issues
Topic: iPhone - message alerts
Replies: 12
Views: 925

Re: iPhone - message alerts

FYI, consider adding iWatch. I did so I would get a buzz when a new message came in. (I don't hear the phone in my bag in a noisy place, and I often have it on Mute anyway.)
by PaddyMac
Mon Mar 18, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k and new W2 status
Replies: 7
Views: 411

Re: Solo 401k and new W2 status

primetime5 wrote:
Mon Mar 18, 2019 2:36 pm
Does this mean firm A is effectively paying my payroll taxes (SE portion) even on commissions? Or am I missing something?
Is it not possible to look at your W-2 and figure out how much payroll tax they paid? (Been years since I got one...)
by PaddyMac
Mon Mar 18, 2019 5:46 pm
Forum: Personal Consumer Issues
Topic: Visiting Tucson, AZ for 3 days - what to see?
Replies: 46
Views: 2185

Re: Visiting Tucson, AZ for 3 days - what to see?

We just did a short trip to Tucson and flew in/out from Phoenix. If you have a later flight, recommend spending a few hours in Phoenix. The art museum is great (lovely cafe too), and the Heard Museum is also nearby. Both are quite near the airport. Personally we always stop in for an hour at Nordstr...
by PaddyMac
Mon Mar 18, 2019 5:42 pm
Forum: Personal Consumer Issues
Topic: popup blockers on Mac computers
Replies: 14
Views: 962

Re: popup blockers on Mac computers

Search also for "coupon ware" - some annoying popups attach to words in a News article etc. and these can be added by browser. Think if these popups happened after you clicked on a dodgy link etc.