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sadie wess

Yes,

I am concerned about that. I think I should call him on it and see if there is something I misunderstand.

Thanks for the help.

sadie wess

Gosh, Thank you all for your responses. I was off by over 5000 in payments and I am fully aware of "safe harbor" and it does not apply this year. My CPA did not think my penalty was going to change whether I paid now or the 4th quarter due date of 01/15/2021. I paid EST #4 taxes yesterday....

sadie wess

Okay, thank you, Random Walker.

I am mailing the checks today.

At least I will not have to do it during the cold of January.

Sadie

sadie wess

Thank you.

I will pay the underpayment of the first 3 quarters ASAP.

Your reply is a relief. Thank you again.

sadie wess

It appears my income will be higher than I forecasted, hence I underpaid 3 quarters of 2020 Estimated Taxes. I am worried. My accountant gave me the amount I should pay for EST #4 and it includes all the underpayments for the previous 3 quarters. (And Est. 4) He said I can pay it now or the due date...

sadie wess

sjt wrote: ↑Fri Sep 25, 2020 1:48 pm When there aren't kids going hungry in your country

+1 and a kiss.

sadie wess

TomatoTomahto wrote: ↑Wed May 13, 2020 4:37 pm Nah, I just prefer to set my money on fire.

sadie wess

Please help me understand how someone can "cash out" and not get a huge tax hit?

I am a long term investor and could not cash out much without a nasty tax bill.

Thank you for the help.

Sadie

sadie wess

What is the point of my having a HELOC? I use mine to help manage my taxable income to keep it low enough to get an affordable healthcare act subsidy. If you will be using ACA policies with a subsidy until you get on Medicare it would not hurt to have one set up just in case you need it if you have...

sadie wess

I have had HELOC for more than 20 years and have used it for remodeling, car purchases and other big ticket items. I am retired now and have the funds to pay cash for whatever we want or need. However, it is sometimes convenient to use HELOC on a temporary basis rather than sell investments: ETFs, ...

sadie wess

Why not? It doesn't cost anything unless you use it. Just one more tool to have in your financial arsenal. I've always had one, since I've owned a home and used it on occasion to good effect. I plan to have one in retirement as well. I don't see any downside to having an instantly available, low in...

sadie wess

I'm very happy that we got a HELOC right before I retired in late 2014. DH had retired several years prior. Our cash flow requirements are averaging around 4% of our portfolio, but our needs are lumpy. When we're right below a tax bracket bump, it's often cheaper to take a one-year fixed on the HEL...

sadie wess

I have no debt and use cash for big items like autos and a new roof. I have great credit, own my own home, and will retire at 62 years old by year end. I have most investments diversified with Vanguard and current balance is over 4 million. I do no trading and am a long term investor. I was at Wells...

sadie wess

I'll echo the comments that your withdrawal rate is very low. As long as that $80K includes taxes and you don't have any immediate plans for large purchases (in the $100K range - boats, RVs, cottage, etc) then you could really consider spending more. A 3% withdrawal would be $111K and 3.5% would be...

sadie wess

If you put all your money in MM you would have enough money to take out $80000 a year for 46 years. not counting SS. That's how I look at my retirement. I'm 93% in stocks--total and S&P cash 7%. I'm not a big spender about 40000 a years. I'm at 1.3m I'm 66. I'm up $150000 this year already. Wha...

sadie wess

I think the only worthwhile change to consider would be TIPS. I do look into that as an option. I have lots of ways to do things and TIPS are a consideration. Most of my money is with Vanguard for simplicity sake and I have attended Boglehead seminars in the past. I do in use this forum and my own ...

sadie wess

Whew...no "earned income" at the end of next year. Feels like a scary time. Also, I have a fair amount of tax-exempt MUNI bonds in my taxable account. What is your tax bracket? It sounds like you are dropping to a low tax bracket, so the munis should be replaced by taxable bonds of some k...

sadie wess

If you put all your money in MM you would have enough money to take out $80000 a year for 46 years. not counting SS. That's how I look at my retirement. I'm 93% in stocks--total and S&P cash 7%. I'm not a big spender about 40000 a years. I'm at 1.3m I'm 66. I'm up $150000 this year already. Wha...

sadie wess

abuss368 wrote: ↑Tue Aug 27, 2019 8:18 pm Any short or intermediate term investment grade bond fund will provide safety and income to a portfolio.

That is good news because most of my bonds are in Intermediate term investment grade funds and a small holding in high-yield corporate (less than 4 percent).

sadie wess

What do your expected retirement expenditures look like? Have you calculated the money needed for yearly retirement expenditures as a percentage withdrawal rate to see how much of a margin of safety you have? Have you take social security into the equation? How long do you expect retirement to last...

sadie wess

DBR,

Reason to purchase Treasuries?

More safety in a down market and that they are super safe, though the yield may suck.

Thank you for responding.

Sadie

sadie wess

Whew...no "earned income" at the end of next year. Feels like a scary time. I am planning ahead. I have a fair amount of VIBLX and VBTLX between my taxable and IRA accounts. Also, I have a fair amount of tax-exempt MUNI bonds in my taxable account. I know VBTLX and VBILX contain a fair amo...

sadie wess

Interesting and helpful.
Thank you to Taylor and David.

sadie wess

market timer wrote: ↑Sat Mar 02, 2019 4:15 am Pour some Scotch
Play a few games of blitz chess
Take a klonopin
Start watching a TV show until it's a struggle to keep my eyes open

Funny guy.

Sense of humor and honesty is some of the best medicine in the history of mankind.
+!

sadie wess

I don't think about money and don't have to play The Game anymore so I suppose I "won it". Not having to waste my precious life obsessed with money frees up opportunity cost to engage in the effort to expand satisfaction, fulfillment, and contentment. A big part of "winning the game&...

sadie wess

I have become a proselytizer among my friends of a certain age for QCD’s. Have enjoyed donating to local and national 501(c)(3) organizations past six months since turned 70.5. If don’t need the RMD for income and don’t need for heirs it is great way to contribute to society and avoid taxes on RMD ...

sadie wess

I have major losses for the year in both VTSAX and VFIAX. (Taxable accounts)

Do I still have time to TLH today?

Sadie

sadie wess

When we met with a PAS rep last year he used the 100 yr life expectancy number for us also. He commented it was a recent change for Vanguard. If you asked I would expect your PAS would run the model based on 90 vs 100. It is a Monte Carlo analysis so your results are already a range of possible out...

sadie wess

I've also heard him tell people (who would likely qualify for significant premium subsidies) to buy individual health insurance directly from insurance companies instead of through the ACA exchange because the latter is "too much government". Also told a "top student" seeking an...

sadie wess

Jack FFR1846 wrote: ↑Fri Jul 06, 2018 8:06 am For Detroit housing, research the very real possibility that overnight, your investment house may be broken in to and all copper pipes and copper electrical wiring ripped out.

Good point.

sadie wess

Three things come to mind when I think of Nisiprius. First, I love his informative graphs. Second, I like that he doesn't just accept opinions even those from distinguished contributors like Larry Swedroe. He will test the assertions from experts using actual funds available to investors. I like th...

sadie wess

100 percent in agreement with Taylor.

Excellent Tax Attorneys and experienced CPAs both comprise "money well spent".

sadie wess

Really, where are you seeing that? To me, it looked like benefits all across the board, except in a few personal circumstances based on living in HCOL areas and how certain business structures are set up. There should be a minimal effect ora tax break for basically all taxpapers speaking in general...

sadie wess

Thanks Nis!

sadie wess

Precisely!

I know my taxes and *almost* every line of the the tax return. I got screwed to the wall because 95 percent of my FED deductions are from the high property taxes that I pay to NJ and the NJ income taxes that also

I pay.

[OT comment removed --moderator triceratop]

Sadie

sadie wess

Favorites Wall Street Journal Bloomberg Radio Yahoo Financials Bogleheads.org Places I don't get my Financial News /Advice Brother-in-law Next Door Neighbor Friends at Christmas Parties I mostly agree. NYTs Business Section maintains high standards and has good writers. And, if you wish to spend th...

sadie wess

I agree most do not know what an emergency is. The concept of "personal business" has evolved with smart phones. I am an employer and we require employees to leave their phones in their locker because of prior abuse and immaturity. Constant texting and looking at that facetalk thing like ...

sadie wess

:sharebeer :sharebeer If people are relying on AAA to change a tire...you screwed up in life. THat should be a requirement for a drivers license. And if you're a guy a cant change a tire...pfffttt...nuff said. I'm a firm believer in efficient division of labor. I don't expect the tow truck driver to...

sadie wess

My honest advice is to do some reading. Then after doing the basic reading of investing then come on here and ask questions. Without a foundation to ANYTHING it is impossible to be successful. Here are some recs. Easy books: Jack Bogle's edition to the Little Book series (I believe new edition is o...

sadie wess

Hmm, some excellent questions and answers here. I am facing the will/trust/executor issue. I have taken care of my assets held with the brokerage arm of Vanguard, as well my ROTH and t-IRAs, bank CDS, etc. However, I have NO family or savvy financial friends within thousands of miles of where I cur...

sadie wess

Hmm, some excellent questions and answers here. I am facing the will/trust/executor issue. I have taken care of my assets held with the brokerage arm of Vanguard, as well my ROTH and t-IRAs, bank CDS, etc. However, I have NO family or savvy financial friends within thousands of miles of where I curr...

sadie wess

The size of the septic system is usually determined by the number of bedrooms in the house. So you cannot undersize for a larger house just because your parents may not be using all the bedrooms. Usually you need a stamped drawing of the system to present to the township. The stamp is from a licens...

sadie wess

Absolutely.

See bsteiner's remark.

sadie wess

Those employees make virtually nothing compared to what we all make. I tip at all inclusives. Bartenders, maid service, bell hops, the mini fridge guy, and a few bucks for service at each meal. I always get the feeling that it is very much appreciated. More than tips in the US are, that's for sure....

sadie wess

Thanks fishmonger. I agree that the Jeep Grand Cherokee Laredos are overpriced, though I will still be happy if I could find one that is Certified Pre-owned with no more than 25K miles on it. I am trying to stay within a tight budget now and am not hopeful that I can find a Jeep. I do like the Subur...

sadie wess

Trying to replace my 2004 Grand Cherokee Laredo for new or lightly used SUV. I have to have something excellent in snow. I am tired of the process already. I have test driven and ruled out a Toyota Rav4. I have test driven and liked the Suburu Forrester but nothing compares to the Jeep Grand Cheroke...

sadie wess

Obligatory comment about how the Frost poem is actually about how it doesn't matter which road you take, but it's easy to imagine it did, after the fact. Indeed, came here to make this same comment. :D In this case in particular the difference is significant, because I'm not sure there would be a s...

sadie wess

We could spend more on vacations but we have difficulty getting away for long because of elderly relatives that need minding. I don't wash them often because they get dirty just going down the driveway. I would think for general health and hygiene reasons you should wash them daily - even if they d...

sadie wess

There may be some good content in the course, but expect a sales pitch later. From http://www.financialeducatorsnetwork.com/instructors.html : Industry practitioners teach these courses as a way to create awareness, expand their networks in local communities, and grow their advisory practices by de...

sadie wess

How do you explain that? Probably, taking more risk than the S&P 500 and making investments that are less liquid than the S&P 500. You would expect to be compensated for both. Investments that are appropriate for Harvard are probably not appropriate for me. Harvard does not plan to retire a...

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