Search found 124 matches

by WhiskeyJ
Tue Apr 11, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: fraud or BoA mistake?
Replies: 14
Views: 1941

Re: fraud or BoA mistake?

I had a similar thing happen with BofA a couple years ago. They explained they withdraw the money from the account on the due date of the bill pay check, whether or not it had been cashed.
by WhiskeyJ
Tue Oct 25, 2016 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help me time the market one last time: South America
Replies: 27
Views: 3239

Re: Help me time the market one last time: South America

azanon wrote:There's no such thing as a paper loss (or gain, for that matter).
When the market had the unusual big negative blip a couple years ago that lasted a few minutes, I considered that a paper loss, not a 25% loss offset by a 33% gain. Is there a better term?
by WhiskeyJ
Tue Aug 23, 2016 10:19 pm
Forum: Personal Consumer Issues
Topic: Well Water - black residue
Replies: 31
Views: 15759

Re: Well Water - black residue

My sister had this problem at their place in CO. You could actually see a film on the water. It was a bacteria. They bypassed the filter and dumped bleach down the well and ran water into it to stir things up and then flushed it several times. It was pretty gross what came out, but it seemed to work...
by WhiskeyJ
Sun Apr 24, 2016 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: IRA to 401k Rollover - pretax and after tax question
Replies: 2
Views: 333

IRA to 401k Rollover - pretax and after tax question

My IRA has pretax and after-tax money. I'm looking to rollover the pretax into my current employer 401(k) plan. I understand how the 8606 helps determine the basis but I'm not sure how it works mid-year. For example, let's say my 2015 return says my after tax basis is $20K and the IRA had a total ba...
by WhiskeyJ
Fri Feb 12, 2016 12:42 am
Forum: Personal Finance (Not Investing)
Topic: What is your decline in Net Worth as of today?
Replies: 96
Views: 13115

Re: What is your decline in Net Worth as of today?

My bonus was deposited today (17% of 2015 wages). So today it went up a bit :happy
There's always a couple days until the 401k hits, so I'm hoping the market doesn't rebound quickly...
by WhiskeyJ
Fri Feb 20, 2015 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: HUGE Vodaphone 1099-Div!!
Replies: 5
Views: 1379

Re: HUGE Vodaphone 1099-Div!!

I don't know why you would be upset with your broker. Is the point that if your broker had informed you that a large dividend was coming you could I have replaced Vodafone with a comparable stock or telecommunications index, perhaps incurred a small capital gain, but been better off from an overall...
by WhiskeyJ
Sat Feb 07, 2015 10:35 am
Forum: Personal Finance (Not Investing)
Topic: How much was your Tax Refund (or amount DUE)
Replies: 110
Views: 12041

Re: How much was your Tax Refund (or amount DUE)

Ah is that how people get close to 0? Making additional quarterly payments? I do it by running taxcaster in October, then adding an extra fixed dollar amount to my withholding for the last several pay periods. It seems like the majority of my dividend income comes at year end so withholding more ta...
by WhiskeyJ
Thu Oct 16, 2014 8:03 pm
Forum: Personal Consumer Issues
Topic: Electric Razors
Replies: 26
Views: 3294

Re: Electric Razors

I've heard it takes a few days/weeks for your face to adjust from wet face, shaving cream, razor blade to using an electric razor on a dry face. Can anyone speak to that change or adjustment process?
by WhiskeyJ
Sat Apr 05, 2014 10:53 pm
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 10565

Re: How are you preparing for the coming bear market

I'm going to be prepared to finally pull the trigger on the last $5k of a $20k gift I got in January 2012 from my parents for our kids 529. Lump sum invested half right away, DCA for the other $5k, and been sitting on the last $5k for two years now. Couldn't stomach lump sum for the entire amount in...
by WhiskeyJ
Thu Feb 27, 2014 10:12 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin price plunges
Replies: 246
Views: 25959

Re: Bitcoin price plunges

When does the patent on the algorithm is expire? If the algorithm is unique and the only way create a good virtual currency, wouldn't the value plummet once the patent has expired?
by WhiskeyJ
Wed Feb 26, 2014 9:14 pm
Forum: Personal Consumer Issues
Topic: Where to buy polo shirts?
Replies: 63
Views: 15361

Re: Where to buy polo shirts?

Nordstrom rack seems to have heavily discounted name brand polos
by WhiskeyJ
Wed Feb 26, 2014 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Filling in a backyard pool/input wanted on cost-benefit
Replies: 22
Views: 3603

Re: Filling in a backyard pool/input wanted on cost-benefit

Can you leave a pool covered and "winterized" through a summer? That might reduce many of the operating costs, but not sure what water temp would be too warm. What are the average summer temps where you live?
by WhiskeyJ
Sun Feb 23, 2014 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Payments
Replies: 44
Views: 4284

Re: Estimated Tax Payments

Estimating income quarterly will be tricky because the IRS does not have my quarterly trading income information. They only get annual information when I file my taxes (my broker is neither required nor inclined to report every trade I make, to the IRS). So, they take the annual number, divide it b...
by WhiskeyJ
Sun Feb 23, 2014 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Would you file a state tax return amendment for $300?
Replies: 20
Views: 2410

Re: Would you file a state tax return amendment for $300?

I forgot to include home property taxes ($6500) on my 2012 tax return, using turbotax. It doesn't affect my acutal federal return because I'm in AMT. It does impact my state return by $300 (4.6% - Colorado). I'm trying to decide whether it's worth the hassle for $300. Can I only amend the state ret...
by WhiskeyJ
Sun Feb 23, 2014 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Payments
Replies: 44
Views: 4284

Re: Estimated Tax Payments

There's a nice tax loophole you should be aware of. Anyone who has a regular job and can adjust employer withholding should not bother with estimated tax payments. Run a program like taxcaster in October or November. If you know you're going to be short just increase your withholding for your last f...
by WhiskeyJ
Sat Feb 22, 2014 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Would you file a state tax return amendment for $300?
Replies: 20
Views: 2410

Would you file a state tax return amendment for $300?

I forgot to include home property taxes ($6500) on my 2012 tax return, using turbotax. It doesn't affect my acutal federal return because I'm in AMT. It does impact my state return by $300 (4.6% - Colorado). I'm trying to decide whether it's worth the hassle for $300. Can I only amend the state retu...
by WhiskeyJ
Fri Feb 21, 2014 10:56 pm
Forum: Investing - Theory, News & General
Topic: Reporter doing story on Alternative Minimum Tax
Replies: 21
Views: 2126

Re: Reporter doing story on Alternative Minimum Tax

I realized I totally spaced and forgot to list my home property taxes on my return last year (turbotax). Then when I went and entered the info in turbotax, I was surprised when I watched all the numbers change but the bottom line was the same. My base tax dropped by $1100 but the AMT increased by th...
by WhiskeyJ
Thu Feb 06, 2014 11:35 pm
Forum: Investing - Theory, News & General
Topic: [POLL] Correlation between leverage and risk tolerance
Replies: 11
Views: 1283

[POLL] Correlation between leverage and risk tolerance

I've been surprised by the divided camps on leverage. Some who feel there's no issue with borrowing, particularly at low interest rates, and others who espouse paying cash for vehicles and paying off the mortgage early. I know risk tolerance is hard to measure for individuals and most assessment too...
by WhiskeyJ
Sun Feb 02, 2014 11:13 pm
Forum: Investing - Theory, News & General
Topic: Bought in, and then they start tumbling
Replies: 67
Views: 10748

Re: Bought in, and then they start tumbling

Is January a bad time to buy? The red days continue... Last January my parents gifted our kids (age 2 and 4), $10k each. In January 2013 I put $5k each in the 529s. In March, after a little dip, I put in an additional $2k. I've been waiting for another big dip to put the last $3k in. I would need t...
by WhiskeyJ
Sat Feb 01, 2014 10:35 pm
Forum: Personal Consumer Issues
Topic: Keurig vs normal coffeemaker?
Replies: 131
Views: 12196

Re: Keurig vs normal coffeemaker?

I love mine. I buy 80 count boxes of Newmans special blend. That's the best flavor I've tried and not at all weak.
by WhiskeyJ
Thu Jan 23, 2014 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for young investors: Beware of HCE implications
Replies: 35
Views: 3647

Advice for young investors: Beware of HCE implications

Noticing a lot of young investors asking for advice recently, I thought I would share one of the most valuable pieces of advice I was given several years ago. I was warned by a mentor that once you earn over $110k salary and bonus ($115k today) you become a highly compensated employee (HCE). Due to ...
by WhiskeyJ
Mon Jan 20, 2014 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider the Opportunity Cost of Owning a Home?
Replies: 54
Views: 6339

Re: Do You Consider the Opportunity Cost of Owning a Home?

Personally, I had rather own my home than rent, but you might find this interesting: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/renting-v-buying/v/renting-vs--buying-a-home?utm_source=Sailthru&utm_medium=email&utm_term=Stuff%20You%20Might%20Like%20Testing%20Send%2095&...
by WhiskeyJ
Mon Jan 20, 2014 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund - no brainer?
Replies: 27
Views: 5333

Re: Donor Advised Fund - no brainer?

I started using the vanguard DAF last year, and it's extremely simple, even when I had to add a charity. When I go to cost basis in Vanguard it lists realized, unrealized, and gifted. Easy to specify the share lots to gift. Very straight I forward and very simple with appreciated shares. Then I repu...
by WhiskeyJ
Sat Jan 18, 2014 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: POLL: Investing vs. pay down mortgage feelings
Replies: 79
Views: 6111

Re: POLL: Investing vs. pay down mortgage feelings

I did not pay down. Doing the math I averaged a 25% return on my taxible investments last year. So for the $150k mortgage balance my investment return was about $37,500 minus $6000 in mortgage interest plus $2000 interest deduction. Or about $33k better off than if I paid it off...now I'm thinking o...
by WhiskeyJ
Sat Jan 18, 2014 9:50 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 613
Views: 99447

Re: High Earners - What's Your Profession?

The assisted living and senior housing industry continues to grow. Most of the major US cities will have 30-50 communities. Executive director salaries are 70-80k for the small ones (80 to 100 apartments) and twice that for larger continuing care retirement communities CCRCs (even non profit). Doesn...
by WhiskeyJ
Sat Jan 04, 2014 9:59 pm
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 22340

Re: The Funniest Movie Ever

Spaceballs!
by WhiskeyJ
Mon Dec 23, 2013 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Did not withdraw enough taxes for 2013
Replies: 35
Views: 3318

Re: Did not withdraw enough taxes for 2013

There is a nice loophole that allows the average person to never really need to pay estimated taxes. Probably too late for this year, but next year run your estimates in November. If you're behind, increase your withholding in the last few paychecks of the year by adding $1k, etc in additional withh...
by WhiskeyJ
Sat Dec 14, 2013 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 203
Views: 46656

Re: Family member renting 2nd house. Ok to ignore on tax ret

If petitioner had actually charged their mother FMV rent, and gifted her the difference. Would the deductions be back on the table? I don't think it should, but is that the simple solution or am I tired and missing some clear clause that disallows this? I have the same question. And does the gift n...
by WhiskeyJ
Fri Dec 13, 2013 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to respond to request for current salary in an interview
Replies: 113
Views: 10803

Re: How to respond to request for current salary in an inter

This is just the art of negotiation, and often a sign of a good business person. If you're running a division of a company and have a target margin, saving $10k in salary for a new position may leave you $10k extra to reward 2 or three other top performers, improving your retention, your results, wi...
by WhiskeyJ
Thu Dec 12, 2013 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 203
Views: 46656

Re: Family member renting 2nd house. Ok to ignore on tax ret

I see you are using Turbotax. Here's an answer to essentially the same question on the Turbotax website: https://ttlc.intuit.com/questions/1221834-my-mom-is-living-in-my-second-home-and-pays-the-mortgage-though-the-house-is-still-owned-by-me-is-she-considered-a-renter You're welcome! Unfortunately ...
by WhiskeyJ
Mon Dec 09, 2013 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 203
Views: 46656

Re: Family member renting 2nd house. Ok to ignore on tax ret

Can gifts be implied or do they have to be a separate transaction? Or is it if in the IRS favor than they can be implied but if its in the taxpayers favor, it has to be a separate transaction? Ultimately the ability to make gifts tax-free on one hand combined with a separate treatment for "below fai...
by WhiskeyJ
Sun Dec 08, 2013 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 203
Views: 46656

Re: Family member renting 2nd house. Ok to ignore on tax ret

How do you determine that you're charging below market rent? Are there comparables or actual rental listings? Yeah it's 1000 sqft in a new building with 40 units, and 3 other similar buildings nearby. So Craig's List and other sites show a pretty tight sqft range. Thanks for all the input, I apprec...
by WhiskeyJ
Sat Dec 07, 2013 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 203
Views: 46656

Re: Family member renting 2nd house. Ok to ignore on tax ret

Yes, everything I've researched is if it's below fair market and to a family member it's a personal property, I.e. second home (no depreciation/ maintenance expense deduction), and I'm not claiming any. If I paid everything and charge her zero rent, It could be considered a gift over $13,000 a year....
by WhiskeyJ
Sat Dec 07, 2013 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 203
Views: 46656

Re: Family member renting 2nd house. Ok to ignore on tax ret

There's really no grey area here. If there's a quid pro quo, it's rental income and failure to pay income taxes is tax fraud. From your post, it's obvious there is a quid pro quo: she wouldn't be paying you $650/month if you didn't provide her a place to live. So maybe this is more of an ethical qu...
by WhiskeyJ
Sat Dec 07, 2013 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 203
Views: 46656

Re: Family member renting 2nd house. Ok to ignore on tax ret

I'm learning there are a lot of grey areas with our tax code. Just so I understand, if I let her live in the condo with no rent (market value $1,250/month) and she pays the HOA ($250/month), I'm essentially gifting her $1,000 per month, which would be totally fine from a tax standpoint (under $13k),...
by WhiskeyJ
Tue Dec 03, 2013 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 203
Views: 46656

Family member renting 2nd house. Ok to ignore on tax return?

Started doing my own taxes in turbotax a few years ago and still learning: My wife and I bought a nearby condo for her mom who helps with our kids quite a bit. Market rate would be about $1200 with landlord typically paying $250 monthly HOA fee. Instead, she pays us $650/month, and pays the HOA hers...
by WhiskeyJ
Mon Dec 02, 2013 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: RMDS withholding for entire tax liabilty at year end?
Replies: 32
Views: 5179

Re: RMDS withholding for entire tax liabilty at year end?

Unrelated to RMDs but the same concept applies to younger folks still working. I ran my numbers through intuit taxcaster nov 1 and realized I was going to be short by $4,000 in tax payments. If I had done it as a Q4 estimate I would have owed a timing penalty. Instead I increased my payroll withhold...
by WhiskeyJ
Mon Dec 02, 2013 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should Shiller CAPE effect loan payoff decision?
Replies: 2
Views: 361

Re: Should Shiller CAPE effect loan payoff decision?

I came to this very conclusion this weekend, though more due to the large recent run-up in my taxible account than purely the Shiller CAPE/PE10. I'm still maxing out my tax deferred options. A couple of specifics that led me to this: If a mortgage is like a negative bond, paying down a mortgage is l...
by WhiskeyJ
Sun Dec 01, 2013 11:07 pm
Forum: Forum Issues and Administration
Topic: Thank you moderators, site administrators
Replies: 35
Views: 3878

Re: Thank you moderators, site administrators

Years ago when I was running a retirement community, we were about to get the results of our first resident satisfaction survey. My experienced boss warned me, "before reading the verbatim comments put on a thick skin, don't take it personal, remember 5% of your residents have unreal expectations of...
by WhiskeyJ
Sat Nov 30, 2013 11:48 pm
Forum: Investing - Theory, News & General
Topic: Did gaining knowledge alter your risk tolerance?
Replies: 79
Views: 4422

Re: Did gaining knowledge alter your risk tolerance?

Absolutely for me. Took a lot of finance and portfolio theory classes during an MBA program 2002-2004. The statistics knowledge, understanding historical market trends and milestones, learning how risk tolerance factors into emotions and decisions, and some of the basics of the CAPM dramatically inc...
by WhiskeyJ
Wed Nov 27, 2013 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: I'd like to buy a house but I'm not sure how big
Replies: 32
Views: 3021

Re: I'd like to buy a house but I'm not sure how big

I've heard a rule of thumb to divide a house value by the annual rent payments. 15 or higher and you're better to rent. Lower and you're better to own. Using that math (280,000/15)/12 = 1555. If you can rent a similar house for less than $1555 I'd do that. Bought a house 2 years ago that I plan to l...
by WhiskeyJ
Sat Nov 23, 2013 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Poll: House value as % of assets when mortgage paid off.
Replies: 41
Views: 3957

Poll: House value as % of assets when mortgage paid off.

I know these polls are somewhat silly, but...For those who paid off your mortgage, I'm curious what percent of your total assets/net worth was your house value when you made the final payment (I'm assuming most people in this situation have few liabilities, thus Assets = NW). Feel free to comment wh...
by WhiskeyJ
Fri Nov 22, 2013 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Did i just make a big tax mistake?
Replies: 47
Views: 4359

Re: Did i just make a big tax mistake?

this may be a dumb question, if i make similar fund exchanges in a Roth, 401k or SEP IRA retirement accounts, there should be no tax consequences, at least until i withdraw, right? One exception I can think of. If you sold Vanguard 500 in taxable account at a loss, then purchase Vanguard 500 in you...
by WhiskeyJ
Wed Oct 16, 2013 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for young investors
Replies: 12
Views: 1692

Re: Advice for young investors

Max your 401k early. If your earnings grow you might be limited by your company's HCE discrimination testing.
by WhiskeyJ
Sun Oct 13, 2013 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is my wife paying 2% fee on her 401k?
Replies: 6
Views: 2598

Is my wife paying 2% fee on her 401k?

My wife has a 401k through ADP (mykplan.com is the website). Balance is $86,000 and it's all in S&P 500 Index (0.71% fee) and S&P Mid Cap Index (0.72% fee). Starting in June, her account is showing every month about a $98 charge labeled "Fees-Allocation" that fee alone probably comes to 1.3% of her ...
by WhiskeyJ
Thu Sep 26, 2013 11:08 pm
Forum: Personal Consumer Issues
Topic: Skilled Nursing Per Diem
Replies: 7
Views: 1483

Re: Skilled Nursing Per Diem

Her Medicare insurance will cover "up to" 100 days. The typical medicare reimbursed stay is about 20-30 days. As soon as she starts to plateau with her rehab and is no longer showing improvement, she will be "discharged" from Medicare and you will be faced with either private pay options or moving h...
by WhiskeyJ
Sat Aug 31, 2013 8:50 pm
Forum: Personal Consumer Issues
Topic: Denver - where to stay, what to do and see?
Replies: 39
Views: 3460

Re: Denver - where to stay, what to do and see?

Red Rocks is always worth a visit and only 20-25 minues from downtown. Hard to believe since it's been 90 in Denver every day for the past few weeks, but the Aspens will start turning in mid-september. The drive over Kenosha pass (about an hour from denver out 285) is pretty breathtaking and there's...
by WhiskeyJ
Sat Aug 24, 2013 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Buying an MLS listed property without an agent
Replies: 30
Views: 2999

Re: Buying an MLS listed property without an agent

After a few rounds of back and forth with the seller, both of us using agents we were 2% apart on the price. I wrote a long email to my agent explaining why I wasn't comfortable increasing the offer. The seller had already dropped 10%from his initial asking price and apparently wasn't willing to bud...
by WhiskeyJ
Sat Jun 15, 2013 2:47 pm
Forum: Investing - Theory, News & General
Topic: Do you overweight emerging markets?
Replies: 83
Views: 8751

Re: Do you overweight emerging markets?

if you only held 2 international ETFs (VWO-emerging markets, and VXUS-international), and you held a 50/50 split, does that mean you're 62.5% EM and 37.5% developed, since vxus has 25% EM? In other words if you wanted to overweight emerging markets to get to a 50/50 split, what would be the percenta...
by WhiskeyJ
Mon Jun 03, 2013 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 218
Views: 33542

Re: What to do when a parent's money runs out?

In virtually the same situation with my MIL. She moved to be closer to us. $1,200 in SS/pension, early 70s, zero savings (moved to central Florida right before the three hurricanes crisscrossed, panicked, sold, bought a house back home in IN in 2005...so basically lost the little savings she had in ...