Search found 867 matches

by Allan
Mon Aug 24, 2020 5:35 pm
Forum: Personal Consumer Issues
Topic: Issues with Builder- New Construction
Replies: 25
Views: 1984

Re: Issues with Builder- New Construction

As a still very active and long time (45 yrs) home builder, I hate to hear these kinds of stories. As to your legal position and remedies, a lot of these types of laws are state-specific. And of course no matter what your governing laws are, I would not begin to give you legal advice. But I would do...
by Allan
Wed Aug 19, 2020 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Jitters Anyone ??
Replies: 87
Views: 6800

Re: Social Security Jitters Anyone ??

I will be 70 in 5 months, starting at age 66 I was able to draw 50% ($1,100) of my wife's Soc Sec. Waiting until 70 seemed to make sense, I have a strong self-employed work history and will continue working into my 70's. Waiting also gives my wife a nice income if I die. To answer the main question,...
by Allan
Mon Aug 10, 2020 3:59 pm
Forum: Personal Investments
Topic: Charitable Remainder Trust Question
Replies: 1
Views: 161

Charitable Remainder Trust Question

If an individual establishes a charitable remainder trust, is it assigned a new Federal Tax ID # or can you use the taxpayer's social security #.
by Allan
Sat Aug 08, 2020 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Estate planning; Charitable Remainder Unitrust (CRUT)
Replies: 23
Views: 1563

Re: Estate planning; Charitable Remainder Unitrust (CRUT)

The best use of a charitable remainder trust is where the asset will produce ordinary income, such as nonqualified deferred compensation that's payable in a lump sum upon death. Along the same lines, a charitable remainder trust works well for IRA benefits payable over 10 years where the beneficiar...
by Allan
Wed Jul 29, 2020 7:46 pm
Forum: Personal Consumer Issues
Topic: Anyone study math, physics or science for fun?
Replies: 54
Views: 4200

Re: Anyone study math, physics or science for fun?

I wouldn't call it "studying" but I like to read about astronomy, the formation of the universe, history of the earth, etc. Actually quite a lot of good videos on You Tube.
by Allan
Sun Jul 26, 2020 5:24 pm
Forum: Personal Investments
Topic: Should I start social security at 62 to invest it?
Replies: 74
Views: 8374

Re: Should I start social security at 62 to invest it?

I have 6 months until I reach 70 and Social Security. Waiting has not been easy, I'm close to max on benefits, but I'm glad I did delay. I might drop dead before I reach that point but if I live deep into my 80's or even if die before and my wife receives my benefits, it will have been a good move. ...
by Allan
Mon Jul 13, 2020 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing new build spec house. Question about allowances
Replies: 74
Views: 4634

Re: Purchasing new build spec house. Question about allowances

By the way, builders will often actually spend more on these items to complete a house, but when sold during construction there is a tendency to lower allowances.
by Allan
Mon Jul 13, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing new build spec house. Question about allowances
Replies: 74
Views: 4634

Re: Purchasing new build spec house. Question about allowances

Buying a 1.7 million dollar house. 5000 sqft. 6 baths. 5 beds. Started as a spec home, but was put on the market if there was interest. I am interested. Now it’s turned into presale home and we have allowances. What do you all think about these allowances? Appliances: 20k Lighting: 10k Tile: 8k Plu...
by Allan
Mon Jul 06, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuity Purchase Timing w/ Today's Rates
Replies: 19
Views: 1164

Re: Longevity Annuity Purchase Timing w/ Today's Rates

The best info I've seen on annuities is from Stan the Annuity Man. He has some really good and fairly easy to listen to YouTube videos you can access on Twitter..

https://twitter.com/StanAnnuityMan
by Allan
Sun Jul 05, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 572
Views: 149214

Re: Pull-ups and Push-ups

Has anyone read the book "Burn the Fat, Feed the Muscle"? The author emphasizes the need for strength training, even to the extent of being the most important type of workout you can do, even over cardio. However, he also recommends strength training, cardio, and stretching/flexibility as ...
by Allan
Sat Jul 04, 2020 4:59 pm
Forum: Personal Consumer Issues
Topic: Chevrolet Tahoe?
Replies: 22
Views: 1871

Chevrolet Tahoe?

I've been a Toyota/Lexus fan for many years, I just think they are great vehicles. Considering switching to a Chevrolet Tahoe, the new models are impressive. I haven't owned a Chevrolet in so many years, I've just always thought American made vehicles were inferior, but my point of reference goes ba...
by Allan
Sat Jul 04, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Filing for Social Security at 70 after spousal benefits
Replies: 20
Views: 2413

Re: Filing for Social Security at 70 after spousal benefits

I turn 70 on Nov 9 this year. I am currently getting spousal benefits. Looks like I can file for full benefits after August 1st, 4 months before by first monthly payment in December. Is that correct? I plan to file online. Don't want to go to an office during the pandemic. I previously filed online...
by Allan
Fri Jul 03, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Who has long term care insurance?
Replies: 119
Views: 6197

Re: Who has long term care insurance?

May I ask who the carrier is and any other details you would be comfortable in sharing? Unfortunately it is irrelevant - the insurance that was available years back is no longer what they sell. Exactly. But, for your information, we bought ours in 2002 from John Hancock--which has changed its exact...
by Allan
Sun Jun 14, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Buying a new house during construction
Replies: 12
Views: 1021

Re: Buying a new house during construction

[quote=eagleeyes post_id=5312559 time=<a href="tel:1592100322">1592100322</a> user_id=49939] Additional information Demolition permit issued: Feb 20, 2020 Architect finalized plans: March 30. Addended april 15 Building permit issued: May 29 2020. Not sure if that is accurate. Because the ...
by Allan
Sun Jun 14, 2020 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Buying a new house during construction
Replies: 12
Views: 1021

Re: Buying a new house during construction

Additional information Demolition permit issued: Feb 20, 2020 Architect finalized plans: March 30. Addended april 15 Building permit issued: May 29 2020. Not sure if that is accurate. Because the foundation has been poured, framing, roofing, rough window cut out all done. Seems very fast for all th...
by Allan
Sat Jun 13, 2020 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a new house during construction
Replies: 12
Views: 1021

Re: Buying a new house during construction

Is this house at or close to the $2 million you mentioned? If so, I would consider this more or a custom home rather than a tract home. The builder most likely has a list of specs and finishes they can furnish you.
by Allan
Thu Jun 11, 2020 7:14 pm
Forum: Personal Consumer Issues
Topic: Noisy return/intake in new HVAC
Replies: 63
Views: 3241

Re: Noisy return/intake in new HVAC

If the noise is from rushing air, rather than mechanical noise from the unit, that usually means the return(s) grille/filter size and associated ducting are too small. I'd check into what size returns the HVAC manufacturer calls for with this model unit. Hard to believe that new construction would ...
by Allan
Thu Jun 11, 2020 7:00 pm
Forum: Personal Consumer Issues
Topic: Noisy return/intake in new HVAC
Replies: 63
Views: 3241

Re: Noisy return/intake in new HVAC

If the noise is from rushing air, rather than mechanical noise from the unit, that usually means the return(s) grille/filter size and associated ducting are too small. I'd check into what size returns the HVAC manufacturer calls for with this model unit. Hard to believe that new construction would ...
by Allan
Thu Jun 11, 2020 6:13 pm
Forum: Personal Consumer Issues
Topic: Noisy return/intake in new HVAC
Replies: 63
Views: 3241

Re: Noisy return/intake in new HVAC

Is the noise from the equipment running (fan motor) or from the airflow (like a swooshing sound)?
by Allan
Thu May 21, 2020 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: EIDL - Economic Injury Disaster Loan
Replies: 26
Views: 2679

Re: EIDL - Economic Injury Disaster Loan

Try a webinar or two. Here’s the link. Just put in EIDL in the search box and it will bring up a bunch. https://www.sba.gov/events/find/?dateRange=all&distance=200&field_event_affiliation_tid%5B0%5D=22083&field_event_affiliation_tid%5B1%5D=22323&field_event_affiliation_tid%5B2%5D=22...
by Allan
Thu May 21, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: EIDL - Economic Injury Disaster Loan
Replies: 26
Views: 2679

Re: EIDL - Economic Injury Disaster Loan

I have a small 7 person S-Corp company, we received PPP almost 100k, pretty sure we will be able to get 80%-85% forgiven, the unforgiven balance I will just pay back at the 1% rate. When all of this 1st started, I applied for EIDL loan and frankly forget I had made application. A few days ago I got ...
by Allan
Thu May 21, 2020 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: SBA webinars regarding PPP loan forgiveness
Replies: 21
Views: 1291

Re: SBA webinars regarding PPP loan forgiveness

Anyone know if SBA is doing more of these webinars? Webinar schedule for the coming week. https://www.sba.gov/sites/default/files/resource_files/SBA_Houston_Webinar_Schedule_May_18-22.pdf Thanks for posting Allan. Just listened to today’s webinar. Mostly focused on applying but good info on forgive...
by Allan
Mon May 18, 2020 7:38 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5911

Re: Social Security is an asset....yet again

Of course Social Security is an asset, but I'm tired of restating the obvious for the Xth time. So instead I will quote from Mike Piper's blog where he answers this question for the Xth time. Here Piper answers an email from someone who got into a heated argument about this at a local Bogleheads me...
by Allan
Sun May 17, 2020 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: SBA webinars regarding PPP loan forgiveness
Replies: 21
Views: 1291

Re: SBA webinars regarding PPP loan forgiveness

h82goslw wrote: Sun May 17, 2020 10:47 am Anyone know if SBA is doing more of these webinars?
Webinar schedule for the coming week.


https://www.sba.gov/sites/default/files ... _18-22.pdf
by Allan
Sun May 17, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: SBA webinars regarding PPP loan forgiveness
Replies: 21
Views: 1291

Re: SBA webinars regarding PPP loan forgiveness

I follow a CPA from Seattle who regularly posts articles about the PPP loans. This is his latest post: https://evergreensmallbusiness.com/paycheck-protection-program-loan-forgiveness-application-tips-tricks-and-traps/ In the latest, he describes a ruling made by the SBA just a couple of days ago abo...
by Allan
Tue May 12, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: SBA webinars regarding PPP loan forgiveness
Replies: 21
Views: 1291

Re: SBA webinars regarding PPP loan forgiveness

go_mets wrote: Tue May 12, 2020 7:22 pm
Allan wrote: Tue May 12, 2020 6:43 pm I "attended" one of the webinars today, very informative and available to anyone who wants to sit in.


https://content.govdelivery.com/account ... ns/28a9fe2
Anything not already mentioned here before that was a surprise?
Yes.
by Allan
Tue May 12, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: SBA webinars regarding PPP loan forgiveness
Replies: 21
Views: 1291

SBA webinars regarding PPP loan forgiveness

I "attended" one of the webinars today, very informative and available to anyone who wants to sit in.


https://content.govdelivery.com/account ... ns/28a9fe2
by Allan
Sat May 09, 2020 7:41 am
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13876

Re: Will "work from home" destroy the commercial real estate market?

Any studies or analyses showing the efficiency of employees working from home versus an office?
by Allan
Sat May 09, 2020 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Choosing not to correct all billing/financial errors
Replies: 68
Views: 4850

Re: Choosing not to correct all billing/financial errors

My wife drove thru Whataburger, got her order and a mile or so down the road realized they left out her cheeseburger! She was on a busy freeway, upset, hungry, decided it wasn't worth the hassle. Came home mad!
by Allan
Thu May 07, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy this annuity?
Replies: 18
Views: 1315

Re: Should I buy this annuity?

At your age, looks like a no-brainer to me. I would give strong consideration to doing it.

Allan
by Allan
Sun May 03, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: PPP Loan Forgiveness Question
Replies: 1
Views: 502

PPP Loan Forgiveness Question

I received my PPP loan, my payroll will be about 80% of the loan. I will have a modest amount of office rent and utilities to pay, probably about 5% of the PPP. I am a home builder and I have loan interest I pay on spec homes I am building, could the remaining 15% of the PPP be used (and forgiven) f...
by Allan
Sat May 02, 2020 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan Accounting Tips
Replies: 3
Views: 709

Re: PPP Loan Accounting Tips

Here is another recent post by Stephen Nelson, a great resource for PPP advice. The Q&A at the end is full of good information too.

https://evergreensmallbusiness.com/losi ... rgiveness/
by Allan
Mon Apr 20, 2020 5:34 pm
Forum: Investing - Theory, News & General
Topic: [Oil futures price plummets, Bogleheads react]
Replies: 154
Views: 8420

Re: [Oil futures price plummets, Bogleheads react]

Houston, we have a problem. Literally (the City). I'm also worried about the banks.
by Allan
Fri Apr 10, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan Accounting Tips
Replies: 3
Views: 709

PPP Loan Accounting Tips

I've been following this accountant's blogs for a while, I find them to be very informative. Here is the most recent on how you should do accounting for any PPP money you receive, especially for forgiveness purposes.

https://evergreensmallbusiness.com/ppp- ... mment-8402

Allan
by Allan
Tue Mar 31, 2020 5:59 am
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9904

Re: Cares Act Payroll Protection Program

You apply for the Payroll Protection Plan thru a lender who makes SBA loans. The loan actually comes from a lender, guaranteed by SBA, then under certain conditions a portion of the loan can be forgiven. Another little benefit I found is the amount forgiven does not count as income for taxable purpo...
by Allan
Tue Mar 31, 2020 5:31 am
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9904

Re: Cares Act Payroll Protection Program

Pretty sure your accountant is mistaken about 1099-Misc contractors.
by Allan
Tue Mar 31, 2020 5:17 am
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9904

Re: Cares Act Payroll Protection Program

Basically the loan amount is 2.5 times the average monthly payroll costs your small business incurred over the twelve months that precede you getting the loan. You can include employees who made over $100,000 up to $100,000 in doing your calculation. 1099-Misc independent contractors also can count ...
by Allan
Sun Mar 29, 2020 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 35427

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I meet all requirements for a PPP loan. However, I am reading in the bill the following: "Small businesses and other eligible entities will be able to apply if they were harmed by COVID-19 between February 15, 2020 and June 30, 2020." I am in a business that has gone completely dark (home ...
by Allan
Sat Mar 28, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 35427

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I found this to be fairly in depth but an easy ready explaining the bill. https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf?fbclid=IwAR3mJ9t5k9oGmN9gxYrefLPRUMbR6P20vS6FRja...
by Allan
Sun Mar 22, 2020 3:26 pm
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 372
Views: 38830

Re: It's Not Different This Time

I'm sure someone has mentioned this but I wonder if one reason it might "feel" different is all of the media at our fingertips and eyeballs. Conventional media, cable news networks, podcasts, Facebook, Twitter, other social media, forums like Boglehead, inboxes being overrun with investing...
by Allan
Tue Feb 11, 2020 8:14 pm
Forum: Personal Consumer Issues
Topic: Houston for a day, July, with 15 year old daughter
Replies: 17
Views: 1228

Re: Houston for a day, July, with 15 year old daughter

As a long time Houston resident, don't do anything outside in July. You'll sweat your life away :) As suggested visit some of the museums in the Rice U area. And have Mexican food at El Tiempo on Washington Ave.

Allan
by Allan
Sat Feb 01, 2020 7:21 am
Forum: Personal Consumer Issues
Topic: How to decide a job change from Chicago to Houston?
Replies: 52
Views: 2977

Re: How to decide a job change from Chicago to Houston?

Hello Bogleheads, This is my first post. But, I have been following this forum for a while and has learnt a lot. Currently, I live in Chicago suburb and work in city, about 1hr 20 minute away (mostly take public transport). My DW works part-time near where we live. We both are doctors. Overall happ...
by Allan
Wed Jan 01, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Income decreased-What about Medicare Premiums?
Replies: 2
Views: 277

Re: Income decreased-What about Medicare Premiums?

They should decrease in 2021 after your 2019 tax return is filed and Medicare has some time to digest the results. If you experienced one of the life changing events on p.5 https://www.ssa.gov/forms/ssa-44-ext.pdf you could fill in that form and try to get a more timely adjustment. Well that makes ...
by Allan
Wed Jan 01, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Income decreased-What about Medicare Premiums?
Replies: 2
Views: 277

Income decreased-What about Medicare Premiums?

I am 68, and have been paying the maximum Medicare premiums since age 65. For 2019 my income decreased substantially, but I still paid the maximum. Will my Medicare premiums decrease for 2020, will I receive a refund or credit for over paying in 2019?
by Allan
Sat Dec 07, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: New passport how long to obtain?
Replies: 37
Views: 2503

Re: New passport how long to obtain?

Here in Houston there are a lot of oil industry workers who are sent overseas and must get passports quickly. There is a local company who can expedite a passport in 48 hours. I'm not in that industry but I was able to get a passport in 2 days.
by Allan
Thu Nov 28, 2019 6:44 am
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 62
Views: 6056

Re: Vanguard vs. Fidelity

We have accounts at both, I will say that I like being able to walk into a retail place (Fidelity) and talk face to face with someone. It doesn't happen very often but when I do need/want to it is nice to have that option.
by Allan
Thu Nov 28, 2019 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 237
Views: 27389

Re: Just Bought an Annuity

My wife filed at 62 last year and she gets $750 a month. I filed for spousal benefits a few months later at my age 66 and get $525 a month. In three years, I will file for my own benefits at age 70 and get $3,600 a month; then my wife would file for her spousal benefits and get $1,000 a month. Trav...
by Allan
Mon Nov 11, 2019 7:18 pm
Forum: Personal Investments
Topic: New Construction Home Purchase
Replies: 17
Views: 1345

Re: New Construction Home Purchase

renue74 wrote: Mon Nov 11, 2019 4:00 pm New homes have traditionally had a very large markup.
I wish! As a long time home builder I find markups to be quite a bit lower than what people think they are.
by Allan
Fri Oct 25, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Heightened risk of adverse financial outcomes as one ages
Replies: 6
Views: 896

Re: Heightened risk of adverse financial outcomes as one ages

OP, take look at the book What to Do When I Get Stupid . I have to say it was a shocking read about cognitive decline. The book offers ways to mitigate the risk. Broken Man 1999 ETA: As our ability declines, we are also subject to becoming more confident in our abilities to manage financial things....