Search found 1757 matches

by guitarguy
Tue Jun 26, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Basic Business Liability Policy
Replies: 3
Views: 369

Re: Basic Business Liability Policy

I've been reading on this, would general liability be appropriate for this situation? As opposed to Professional Liability? EDIT: I'm thinking a general liability policy will be appropriate...but now I'm at a loss. I found this site: https://www.hiscox.com/ and obtained a quote for a general liabili...
by guitarguy
Tue Jun 26, 2018 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Basic Business Liability Policy
Replies: 3
Views: 369

Basic Business Liability Policy

Hi All, I'm in the market to obtain a basic liability policy for my business. We are a cover band that plays maybe 50 shows a year at various locations...weddings/corporate events/festivals/etc. I was referred to an agent that (via email) gave me a quote of $1700 annually for what looks like $1MM of...
by guitarguy
Mon Jun 11, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: How to find a tax adviser?
Replies: 4
Views: 589

How to find a tax adviser?

Looking to find a proper tax adviser for my mom’s finances. Her tax “preparation” lady didn’t file paperwork for her capital gains taxes and now we need to file an amendment. In addition to that, I’d like to find someone that can not only help with the preparation but also with advising questions. F...
by guitarguy
Fri May 11, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Dog as Running Companion - Advice, Equipment, Training, Etc.
Replies: 23
Views: 1725

Re: Dog as Running Companion - Advice, Equipment, Training, Etc.

I run with my black lab a couple times a week, with longer distances in the winter and sometimes not at all during peak summer heat. Harnesses are silly, dogs' necks aren't people necks. I use a bungy cord leash, but I never strap it around my waist. I would not wait until the dog is a year old. Th...
by guitarguy
Fri May 11, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Dog as Running Companion - Advice, Equipment, Training, Etc.
Replies: 23
Views: 1725

Re: Dog as Running Companion - Advice, Equipment, Training, Etc.

Re: heeling on the left... I think it’s quite preferable to the right when running with my dog. Or walking. Usually I walk both dogs together and they both heel next to each other on the left. I’m out and about in a typical residential neighborhood with sidewalks mostly. I find it’s very easy to mov...
by guitarguy
Fri May 11, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: AT&T tv and internet bondle
Replies: 8
Views: 871

Re: AT&T tv and internet bondle

We’ve had at&t for several years and have been happy.

Price goes up when promo runs out, I call and they usually lower the price without too much fuss...either back to where it was or very close...and in a rare case even lower than it was.
by guitarguy
Thu May 10, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Custom suit needed for a wedding. Help me shop around!!
Replies: 30
Views: 2422

Re: Custom suit needed for a wedding. Help me shop around!!

If you're looking at men's Warehouse prices, check out Indochino. Online made to measure company. They have reasonably decent fabrics and styles, and that will help you and buddy match up well without needing to have you in a less than ideal cut for your body type. I have two suits from them that a...
by guitarguy
Wed May 09, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Custom suit needed for a wedding. Help me shop around!!
Replies: 30
Views: 2422

Re: Custom suit needed for a wedding. Help me shop around!!

He wants us buy matching suits for his wedding instead of renting... He told me his experience has never really landed him a great fitting suit...so he understandably wants to go this route for his wedding... I kinda *think* he wants me to go custom as well so we match and we can get buy one get on...
by guitarguy
Wed May 09, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Custom suit needed for a wedding. Help me shop around!!
Replies: 30
Views: 2422

Custom suit needed for a wedding. Help me shop around!!

Title pretty much says it...but here's some backstory... My best friend of 20+ years is getting married and I'm the best man, and the only guy member of his bridal party. He is...well...what you'd call a real challenge for any tailor or any off the rack suit: bodybuilder with huge chest and shoulder...
by guitarguy
Wed Apr 04, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: new mattress/bed - king size upstairs
Replies: 16
Views: 2618

Re: new mattress/bed - king size upstairs

Beds come in a box and inflate on opening. Just carry upstairs. Then inflate. I have two Leesas and have ordered and returned Tuft and Needle. T&N is very firm and not comfortable. You have 100 day return with both and it works fine to return it. As far as foundations, you can use any box spring. I...
by guitarguy
Wed Apr 04, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: new mattress/bed - king size upstairs
Replies: 16
Views: 2618

new mattress/bed - king size upstairs

Hi All, I've done a search and read a thread or 2 on new mattresses here...we're looking at purchasing soon...and Mrs. Guitarguy has demanded we go from Queen to King. Little does she know I'm still going to hog the bed and sleep on top of her...but that's another story. We've settled on the idea of...
by guitarguy
Wed Mar 28, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: Getting Furniture into a Basement
Replies: 41
Views: 3686

Re: Getting Furniture into a Basement

1. Take the door off.
2. Disassemble the furniture.
3. Don't buy large furniture.
by guitarguy
Fri Mar 23, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Furniture Protection Plan worth it?
Replies: 18
Views: 1845

Re: Furniture Protection Plan worth it?

You know that they make profits with these kinds of 'protection', so it's better of for us not to buy it. This thought is definitely on my mind haha. They're selling it for a reason after all. I would just spray it with Scotchguard and then clean it myself if it needed it. I've never really used Sc...
by guitarguy
Fri Mar 23, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Furniture Protection Plan worth it?
Replies: 18
Views: 1845

Re: Furniture Protection Plan worth it?

> we have 2 dogs, a cat, Would it really cover pet damage? Considering that dogs have been known to eat sofas, and cats use them as scratching posts, this sounds like a big loser for the insurer, unless appropriate exclusions are in the policy. It expressly states that it does...but it's not that b...
by guitarguy
Fri Mar 23, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Furniture Protection Plan worth it?
Replies: 18
Views: 1845

Re: Furniture Protection Plan worth it?

I would carefully examine the terms of the "protection plan" and determine if there are any limits or hidden costs involved in cleaning or replacing the furniture. You might even ask a friendly employee at the store about it in a discreet way if it is really as great of a deal as it seems to be or ...
by guitarguy
Fri Mar 23, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Furniture Protection Plan worth it?
Replies: 18
Views: 1845

Furniture Protection Plan worth it?

Hi all, So we just bit the bullet and purchased new furniture for our family room. We shopped around, found something we liked, and of course "the sale of the century" was going on so we went for it. Anyhow, this store offers a 4-year protection plan at a cost of $250, that covers everything about t...
by guitarguy
Fri Dec 08, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Help with automating all month-to-month bills
Replies: 10
Views: 1220

Re: Help with automating all month-to-month bills

Thanks for the responses everyone...I think I'm on the right track! I think that most of her accounts will be fine paying via credit card...there might be a couple still that will need to utilize bill pay which Chase is great for from my experience. So if they don't accept credit card online and/or ...
by guitarguy
Thu Dec 07, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help with automating all month-to-month bills
Replies: 10
Views: 1220

Help with automating all month-to-month bills

Hi all, For those that automate paying regular monthly bills...I would like to know how you go about it...and if you have anything to add on my plan below. I’m helping my mother set this up for herself so she can avoid the stress of having to even deal with paying her regular bills on a monthly basi...
by guitarguy
Tue Dec 05, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA 2018 Contribution
Replies: 15
Views: 2671

Re: ROTH IRA 2018 Contribution

RRAAYY3 wrote:
Mon Dec 04, 2017 6:51 pm
.. is it always better to put the rest in 401K vs taxable?
Always is sort of a dangerous word...

But generally, yes it is better to maximize your tax advantaged space before investing in a taxable account.
by guitarguy
Thu Nov 30, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Decision Needed - How to Invest Rental Income?
Replies: 16
Views: 829

Re: Decision Needed - How to Invest Rental Income?

Although, if they get to take all deductions, unlike a primary home they get to deduct all the mortgage interest on the rental. So, effectively they're borrowing at a lower rate and someone else is paying the interest anyway. Side question for someone who eventually might become a landlord: Mortgag...
by guitarguy
Thu Nov 30, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Please help with this cost basis nightmare!
Replies: 22
Views: 2285

Re: Please help with this cost basis nightmare!

Either way, since she'll basically be paying zero tax on the majority of this anyway, I think any of these approaches as long as they're somewhat logical that we made an attempt, I would think should be just fine. The biggest side effect I see of a really low-ball estimate on the cost basis is that...
by guitarguy
Thu Nov 30, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my mom -- moving taxable account from Raymond James to Vanguard
Replies: 7
Views: 990

Re: Help me help my mom -- moving taxable account from Raymond James to Vanguard

Thanks, Watty, delamer, and cas. This is all very helpful. I'll read guitarguy's posts too. Skimmed a couple and certainly seem pertinent. I didn't consider that social security may be relevant, and it turns out she is on it. Thank you for the tip. Yes, I've been going through many similar issues s...
by guitarguy
Thu Nov 30, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Please help with this cost basis nightmare!
Replies: 22
Views: 2285

Re: Please help with this cost basis nightmare!

Re: the tax hump...this was incredibly interesting to learn about. To put it somewhat correct and simplified, there is a huge marginal tax rate introduced (up to 40-50%) as capital gains income exceeds the top of the 15% bracket because each additional dollar generates $1.85 in additional taxable i...
by guitarguy
Thu Nov 30, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Please help with this cost basis nightmare!
Replies: 22
Views: 2285

Re: Please help with this cost basis nightmare!

No idea what to do beyond that [pre-2002 when availablity of tax return records ceases], hoping to figure out a way to estimate, or will be stuck using $0 as the cost basis I think you can do better than $0. At the very worst, you can determine the very lowest price paid for DTE stock between 1/1/1...
by guitarguy
Thu Nov 30, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: How to invest our extra income?
Replies: 12
Views: 1154

Re: How to invest our extra income?

Invest in TSM in a taxable account and adjust your AA for more bonds in the tax deferred accounts to realign things.

Or, if you have debt, paying that down would be an option too.

:beer
by guitarguy
Thu Nov 30, 2017 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Please help with this cost basis nightmare!
Replies: 22
Views: 2285

Re: Please help with this cost basis nightmare!

I believe the "covered" date is Jan 2011 for stocks, not 2012 as for mutual funds. An investment is considered covered if it is: Shares of corporate stock acquired on or after January 1, 2011. Shares of stock in mutual funds and stock acquired in connection with a dividend reinvestment plan are gen...
by guitarguy
Thu Nov 30, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Please help with this cost basis nightmare!
Replies: 22
Views: 2285

Re: Please help with this cost basis nightmare!

Here is a look at what I came up with as a way to estimate the cost basis on the shares that I can find records for. Basically I researched the median share price for the day that her dividend payment was made, and calculated based on that share price and the dividend amount, the number of shares t...
by guitarguy
Thu Nov 30, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Please help with this cost basis nightmare!
Replies: 22
Views: 2285

Re: Please help with this cost basis nightmare!

I agree with your strategy of first selling the shares where you can fairly easily determine the cost basis. And I agree with "cas" that it is very important to indicate to the broker that you want to use "specific identification" of the tax lots when selling. I agree that the screen shot seems to ...
by guitarguy
Wed Nov 29, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with this cost basis nightmare!
Replies: 22
Views: 2285

Re: Please help with this cost basis nightmare!

But then, like you, I'm confused that that screen isn't even showing the covered share lots broken out as separate lots for you to select. (I kind of get that they might show all non-covered shares as one big lump, then put the burden on you to keep records of which lots you actually sold. But the ...
by guitarguy
Wed Nov 29, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with this cost basis nightmare!
Replies: 22
Views: 2285

Re: Please help with this cost basis nightmare!

She has copies of her tax returns dating back to 2002, so if this methodology makes sense I could probably continue it back through 2002 based on her statements <skip> What should I do when the records run out prior to 2006? Is there a mathematical way to extrapolate, or another means of making a r...
by guitarguy
Wed Nov 29, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with this cost basis nightmare!
Replies: 22
Views: 2285

Please help with this cost basis nightmare!

Hi all - I've been discussing this topic as part of a separate thread, but I thought this issue might do better on its own by eliminating all of the other surrounding issues that are now figured out / unrelated. Big nod to user cas who has been an amazing help thus far for me! :D Short background: M...
by guitarguy
Wed Nov 29, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

I wonder if starting another thread called "cost basis nightmare" or something like that would get others to chime in!

Perhaps my original topic and all the rest of the clutter we've reduced throughout this thread is unappealing to the rest of the onlookers! :wink:
by guitarguy
Wed Nov 29, 2017 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

I goofed...it only goes back to 2006 :( But at least there's 5 years of info there...better than nothing. BTW ... print off that screen (especially the earliest 2006 entry) now. I'm guessing they are keeping something like a constant 10 years of back data available online, and the earliest line(s) ...
by guitarguy
Wed Nov 29, 2017 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

I need to go somewhere, but 2 quick notes: First... That "Dividend Proceeds" table that goes back to 1996 is PURE GOLD! That "Gross Amount" (see note) column shows the cost basis for every tax lot back to 1996! And, because this a compounding situation - every quarterly dividend payout buys you mor...
by guitarguy
Wed Nov 29, 2017 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 9270

Re: Invest or pay off mortgage?

I'd pay it off if I were you. I'd love to pay off my mortgage which is only $78k on a $150k house and 15-yr fixed at 2.875%. But we're not to the point where it makes sense yet. Our plan is 1. 401k (X2) to max employer match 2. Roth IRA (X2) to max 3. Add more to 401k (X2) until both are maxed out 4...
by guitarguy
Wed Nov 29, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

Third ... the distinction between "covered" and "non covered" shares is important. "Non-covered shares": Prior to 2011, individuals were expected to track their own tax lots and cost basis for stock. Once the computer age hit, if a person had a brokerage account, the brokerage would often do it for...
by guitarguy
Wed Nov 29, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

my interpretation is that for some amount of time (probably a long, long time because 1252+ shares were accumulated in this dividend reinvestment plan prior to 2011) someone in your family somehow acquired (bought? employee benefit?) some DTE stock and then was reinvesting all the dividends via a D...
by guitarguy
Wed Nov 29, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

Tamarind wrote:
Tue Nov 28, 2017 3:07 pm
What do you get if you add up the "Adjusted Cost Basis" column for both pages? That would be a good and supportable minimum guess at your mom's cost basis.
3699.14

The vast majority of the shares have 0.00.
by guitarguy
Tue Nov 28, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

On the trust date: the date I'm looking for is in the WF account name. You told us the whole WF account title at some point ... I think in your first thread where we were trying to figure out the nature of the trust. It is something like "My_mom revocable trust by my_mom DTD some_date" What is in t...
by guitarguy
Tue Nov 28, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

You've probably noticed this already, but your screen shot didn't post right. (It is complaining about a third party hosting service and not showing the screen shot.) I don't know how to post a screen shot on bogleheads, but I think I've seen other people discussing which third party host sites wor...
by guitarguy
Tue Nov 28, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

Something seems odd here (lucky you): all stock shares purchased after 1/1/2011 are considered "covered shares" and, upon sale, the brokerage is required to report the cost basis on the 1099-B to the IRS. (Before then, brokers were not required to report cost basis to the IRS.) (e.g. see https://tt...
by guitarguy
Mon Nov 27, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

Hi all, little update on this. I finally have access to her WF online account to look at the DTE stock. Actually it's up to $150k in value now. I see it's all in a single lot, purchased in 2012. I'll have to talk to her about if she remembers investing in this or what. 2012 is MUCH more recent than ...
by guitarguy
Wed Nov 22, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

2. Set her DTE account to reinvest the QDIs starting in 2018 since the amounts vary...this way for 2018 projection we don't have to worry about including them when deciding how much DTE stock to sell. This is a new thought...but seems like a good idea as I'm typing this... When you say "we don't ha...
by guitarguy
Wed Nov 22, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

3. Sell the $25k or whatever of the stock (calculate the proper amount minus the DTE QDIs she's received for 2017 YTD. 4. Deposit $1k or so into her savings account to "replace" the Q4 dividend she now won't be receiving from Vanguard IRA 5. Open a taxable account at Vanguard and invest all of the ...
by guitarguy
Wed Nov 22, 2017 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

I just want to make sure I direct her towards the smartest decision. Put on your hindsight glasses and you'll know what that is was. In your situation I'd likely decide to split the sales at least into two pieces, one for 2017 and one for 2018, based on the short time between now and 2018. That mig...
by guitarguy
Wed Nov 22, 2017 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

Sell the DTE ASAP, looks like it's at an all-time high. Not sure if your comment comes with a hint of sarcasm or not...but part of me thought of this. Since the topic of selling all the DTE has been raised, let me throw out this little tidbit: If your mother's Adjusted Gross Income (line 37 on the ...
by guitarguy
Tue Nov 21, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

Sell the DTE ASAP, looks like it's at an all-time high. Not sure if your comment comes with a hint of sarcasm or not...but part of me thought of this. She’d have to endure some high taxation for the amounts that fall within that hump, but because of the safe harbor it would be a one time deal this ...
by guitarguy
Tue Nov 21, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

The impact on federal income tax of increased LTCG and QDI is quite complicated when the taxpayer also receives Social Security benefits. Sure is. Compare the previous chart, which included the $5710 tIRA distribution, with the one below that assumes $0 tIRA distribution: https://s8.postimg.org/uc6...
by guitarguy
Tue Nov 21, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

Re: State taxes, yes we are in MI. I don’t have her return to look at, but she says she got a $1,200 property tax credit last year. I don’t know if there’s an income phase out of some sort for this credit or not. Need to look into this. I contacted her accountant and I’m having her advise on both th...
by guitarguy
Tue Nov 21, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]
Replies: 53
Views: 3410

Re: Help with mom's portfolio plan [taxes, SS, & selling $100k of single stock]

Based on a quick spreadsheet I made up, she would've been able to net about $16-17k in capital gains before she crossed that 85% SS tax threshold(s) ... Given $22,499 of SS and $2,675 of non-SS ordinary income your mother could incur $20,076 of long term capital gains (LTCG) plus qualified dividend...