Search found 146 matches

by Spedward
Fri Nov 16, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Max contribution limit of $55,000 with First Year of Fiscal Year Partnership
Replies: 0
Views: 140

Max contribution limit of $55,000 with First Year of Fiscal Year Partnership

All - In 2019, I will be a W-2 employee for 6-months out of the year - so until 6/30. On 7/1, I will then become a partner in a partnership. The partnership has a fiscal YE of 9/30. I am trying to figure out the impact on my 2019 contribution limitations (I know it is early, but I would like to figu...
by Spedward
Mon Nov 12, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: The Disaster That Is General Electric Company Stock
Replies: 25
Views: 6032

Re: The Disaster That Is General Electric Company Stock

I bought GE in 2009 for 6.66 because the world was going to hell. How the world is not, only GE is.
by Spedward
Wed Oct 17, 2018 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Amended return required when error only impacts capital loss carryforward?
Replies: 4
Views: 429

Re: Amended return required when error only impacts capital loss carryforward?

Though I do not have the authority handy, there is some out there regarding errors when that result in an adjustment to an NOL carryforward. That authority states instead of amending a taxpayer is permitted to adjust the NOL carryforward to account for the difference in taxable income assuming it do...
by Spedward
Fri Sep 14, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 8621

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

I have acquired 8 pairs of Allen Edmonds over the last 15 years. All different styles and/or colors. Although no shoes last forever, having them resolved through Allen Edmonds is pretty economical - like 100 for full resole and reconditioning - after that like brand new. I have to wear professional...
by Spedward
Thu Sep 13, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 8621

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

I have acquired 8 pairs of Allen Edmonds over the last 15 years. All different styles and/or colors. Although no shoes last forever, having them resolved through Allen Edmonds is pretty economical - like 100 for full resole and reconditioning - after that like brand new. I have to wear professional ...
by Spedward
Fri Aug 24, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Best way to get Skype or Facetime on a TV?
Replies: 16
Views: 1096

Re: Best way to get Skype or Facetime on a TV?

We have an Apple TV, and mirror the phone, iPad, or Mac on to the TV. Super easy to do, and the kids love it. We also have a camera that sites on top of the TV. FaceTime makes it all very easy, but you have to have a bunch of Mac products.
by Spedward
Thu Aug 16, 2018 8:43 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 63
Views: 5713

Re: Bullish/bearish on GE? Make your case here - new lows today

I bought 666 shares of GE for 6.66 intraday in 2008 and sold it for 20-something a share a number of years later. It was the last single share of stock I have bought, and likely will by.
by Spedward
Thu Aug 16, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion due to first year in Fiscal Year End? end
Replies: 1
Views: 204

Roth Conversion due to first year in Fiscal Year End? end

All - I am in a position whereby my income will be increasing substantially in the next few years. However in 2018 I will fortunately be in a position whereby I will only have 9 months of taxable income due to the first year in a business with a fiscal year end of 9/30 that I will receive a k-1 from...
by Spedward
Wed Aug 15, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Men’s Underwear recommendation
Replies: 67
Views: 6964

Re: Men’s Underwear recommendation

VoG2206 wrote:
Wed Aug 15, 2018 4:29 pm
Saxx and it’s not even close. They are worth every penny.
So how do Saxx feel? I like underarrmor because of the compression. Are these compression?
by Spedward
Wed Aug 15, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Men’s Underwear recommendation
Replies: 67
Views: 6964

Re: Men’s Underwear recommendation

Underarmor.

Super expensive but last forever and the most comfortable out there
by Spedward
Thu Aug 02, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 75691

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Forgive me if someone else already raised this point, and forgive me if I am wrong - but I feel like I need to call BS. These are fund of funds - aka its a feeder fund that simply invest in underlying fidelity funds, funds that carry an expense ratio. So although the fund you are investing in may no...
by Spedward
Sat Jul 28, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: [S-Corps] Accountant advice on handling profit
Replies: 22
Views: 1467

Re: [S-Corps] Accountant advice on handling profit

Well you owe taxes on it even if you leave it in the business so I’d say it’s sound advice. If you leave it in the business make sure you account for the fact it’s now post-tax money so you don’t pay taxes on it twice. If it is paid out by W2, you owe payroll taxes and medicare on it. If you do it ...
by Spedward
Thu Jul 05, 2018 7:15 am
Forum: Personal Consumer Issues
Topic: Any Boglehead powerlifters?
Replies: 115
Views: 8910

Re: Any Boglehead powerlifters?

I have been lifting for about 20 years, but have gotten to the point whereby it takes months for me to increase the Wright on the bar - but still pushing. PRs are below Squat - 495 Dead - 475 Bench - 335 Press - 205 That bench PR is from years ago and do not really do it much due to shoulder issues,...
by Spedward
Thu Jun 21, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 35827

Re: What is/ was your career and would you recommend it now?

I was a managing partner of a Big 4 audit firm and would highly recommend auditing for a Big 4 firm for anyone that likes accounting. The con is the working hours for sure as there are many late nights but there is ample down time too. The pros are the money is typically quite good, most of your co...
by Spedward
Mon Jun 11, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5803

Re: Rowing machine motivation

I have a concept 2. Had the same problem initially. I was however getting on the thing and giving it everything I had - I would get to 500M and be destroyed. I then started on focusing on maintaining an even Strokes/Min. And I did it all kinds of ways. Like 500M for 26 s/m. Then then next 24, then 2...
by Spedward
Mon Jun 04, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Ed Slott Report "How Having Multiple IRAs Can Help Bequest Planning"
Replies: 4
Views: 784

Re: Ed Slott Report "How Having Multiple IRAs Can Help Bequest Planning"

These are all very great points, and as someone who recently utilized the qualified disclaimer process, I can certainly speak to the validity of the lack of flexibility that may exist with one IRA.
by Spedward
Fri Jun 01, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: Home elevator
Replies: 23
Views: 2297

Re: Home elevator

We live in a 5 story condo and we are on the top floor. We have a elevator that opens directly to the unit and the only ones in the building with access, so we pay for all of it. We Not too sure of the installation cost in a single family setting, etc. but in general annual maintenance is pretty che...
by Spedward
Fri May 25, 2018 11:31 pm
Forum: Investing - Theory, News & General
Topic: I'm an indexer... but...
Replies: 37
Views: 4832

Re: I'm an indexer... but...

I veiw an investment philosophy as a core to a portfolio. That being said, it is the core, and I certainly do no think there is anything wrong with taking additionally risk where ever one sees fit. The questions is where does is it stand in ones overall portfolio. For example, my core business is my...
by Spedward
Thu May 24, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick
Replies: 37
Views: 3298

Re: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick

Okay - silly Buick story to add. Have a very close friend discovered there was a market for Low mileage early 80s Buick’s overseas. This was In the very early 2000s. We were in college at the time. So my buddy came across a guy (outside of the DC area) that had a business whereby he simply acquired ...
by Spedward
Wed May 23, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 59
Views: 4154

Re: Quicken - Do you use it?

Been using quicken since the early 2000s; perhaps sophomore year of college. Worked with a guy I viewed a financial savant at the time - he literally graduated college at 19 and had is own business but worked 25 hours a week doing computer tech support in order to get cheap health insurance. He intr...
by Spedward
Tue May 22, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Pregnant wife - HDHP
Replies: 9
Views: 1075

Re: Pregnant wife - HDHP

I ran these numbers for both kids. In both situations, the high deductible plan came out ahead. Couple of things drove that. (1) under both plans, certain costs were covered 100-percent. These costs included the periodic visits to the OB. (2) the employer HSA match we received. I will say it was pre...
by Spedward
Tue May 22, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Pregnant wife - HDHP
Replies: 9
Views: 1075

Re: Pregnant wife - HDHP

I ran these numbers for both kids. In both situations, the high deductible plan came out ahead. Couple of things drove that. (1) under both plans, certain costs were covered 100-percent. These costs included the periodic visits to the OB. (2) the employer HSA match we received. I will say it was pre...
by Spedward
Tue May 22, 2018 7:05 am
Forum: Personal Consumer Issues
Topic: Time For New Car?
Replies: 34
Views: 2849

Re: Time For New Car?

This is all typical “routine” maintenance on a car this old. Have a 2004, and pretty much deal with the same type of stuff every 6 month or so. It is par for the course, and from my perspective it is just a question of whether or not you mind it. Personally I am totally fine with it. Mechanically my...
by Spedward
Fri May 18, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2018 for Mac [and PC Released]
Replies: 47
Views: 8121

Re: Quicken 2018 for Mac [and PC Released]

Ruprecht wrote:
Fri May 18, 2018 6:02 pm
Does Quicken allow more than one user (completely separate financial data) on the same computer?
Yes. I have a quicken file for our family and a separate one that I maintain for my mother’s (she is in her 80s) finances.
by Spedward
Wed May 16, 2018 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Certified Financial Planner
Replies: 21
Views: 2406

Re: Becoming a Certified Financial Planner

Got a cousin who did/does this. Worked as a executive in a Fortune 500 till he was about 50 or so, had more than enough money, and got burned out. Now he just helps folks just shy of retirement age and retired. Lots of SS optimization type stuff and alike. Also seems like he helps a lot of folks tha...
by Spedward
Sun May 13, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange- Complex question
Replies: 9
Views: 1032

Re: 1031 Exchange- Complex question

The dream house would not qualify as replacement property for 1031 exchange purposes. It would have to be 1231 property (property used in a trade or business).

Basically if you do this it would be treated as if you did not replace the property and would have to pay tax on the gain in full.
by Spedward
Sat May 12, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Need help with Excel Spreadsheet formula
Replies: 8
Views: 661

Re: Need help with Excel Spreadsheet formula

Friends, I have a spreadsheet that I am setting up for tracking monthly vital signs. What I want to do is display the YTD Avg which means I need to calculate the current month and divide the running total by that. Example is if we were looking at the total in March I would want divide the Total by ...
by Spedward
Fri May 11, 2018 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 467
Views: 44861

Re: Lucrative careers?

Accounting. It can never hurt to learn the laungage of Business.
by Spedward
Thu May 10, 2018 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Can I fund my solo 401k with mutual fund shares I already own?
Replies: 31
Views: 1490

Re: Can I fund my solo 401k with mutual fund shares I already own?

jacoavlu wrote:
Wed May 09, 2018 9:45 pm
what do IRA contributions have to do with a discussion about 401k contributions?
Who knows. Someone asked about it, but the only way one can fund an ira with non-cash is in a rollover context.
by Spedward
Wed May 09, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Can I fund my solo 401k with mutual fund shares I already own?
Replies: 31
Views: 1490

Re: Can I fund my solo 401k with mutual fund shares I already own?

Section 408(a)(1) governs IRA contributions and states they can only be made in cash. Rollover however can be in-kind. Also section 408. Section 401(k)(2)(A) States..... (2) qualified cash or deferred arrangement is any arrangement which is part of a profit-sharing or stock bonus plan, a pre-ERISA m...
by Spedward
Fri Apr 27, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 15608

Re: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]

Unfortunately, I believe on a go forward basis, the downward inflationary adjustment applies going forward. They effectively slowed down the increase in contributions going forward.
by Spedward
Sun Apr 22, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Visiting Chicago - Foodie suggestions?
Replies: 28
Views: 2111

Re: Visiting Chicago - Foodie suggestions?

Swift & Sons - pretty step price tag, but if you get upstairs, it feels like you are eating at the Hogwarts School of Witchcraft and Wizardry when it gets all crowded and the candles are going on every table. Kind of n Is Swift and Sons superexpensive? I booked a work function there for dinner with...
by Spedward
Sun Apr 22, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: Visiting Chicago - Foodie suggestions?
Replies: 28
Views: 2111

Re: Visiting Chicago - Foodie suggestions?

Most of the above suggestions are great. (Most because pizza is a personal preference) Couple of recent places I have been to and enjoyed: Swift & Sons - pretty step price tag, but if you get upstairs, it feels like you are eating at the Hogwarts School of Witchcraft and Wizardry when it gets all cr...
by Spedward
Fri Apr 13, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Benefits of using CPA for taxes
Replies: 31
Views: 4304

Re: Benefits of using CPA for taxes

I have a CPA (and even work in tax) but I am the last guy you would want preparing your tax return (or any for that matter).

Point being, a CPA does not equate to the right person for the job.
by Spedward
Wed Mar 28, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Do I really need Turbotax premier?
Replies: 48
Views: 11961

Re: Do I really need Turbotax premier?

I have pretty complicated taxes (nasty K-1, investments, rental properties, Backdoor ROTHs, mult state, etc) and I never get the premier. That being said, I don’t think the walk through or webbest version would work, but if you understand and can navigate the forms (and you should), the cheap versio...
by Spedward
Tue Mar 27, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: Need wireless earbuds recommendations
Replies: 19
Views: 2050

Re: Need wireless earbuds recommendations

Try Sure. Best I have ever had.
by Spedward
Thu Mar 15, 2018 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 529 Accounts - Son got full scholarship!
Replies: 54
Views: 6113

Re: Help with 529 Accounts - Son got full scholarship!

Anyone know the rules when a 529 account owner dies? As in can you make say a child the account owner at death? Then they can use for their kids?
by Spedward
Tue Mar 06, 2018 9:22 am
Forum: Investing - Help with Personal Investments
Topic: 14yr old son wants to invest
Replies: 20
Views: 1724

Re: 14yr old son wants to invest

The only advice I know in this situation is that he can not legally invest at that age. He has to be 18 yrs at least. This is not true. Why would you think that? The account may need to have guardian, but he can have an account... Just open a UTMA account. No laws are broken if the child invests hi...
by Spedward
Fri Mar 02, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion 5 year hold
Replies: 10
Views: 1685

Re: Roth conversion 5 year hold

krow36 wrote:
Thu Mar 01, 2018 3:46 pm
Check out the Roth Distribution Table in this thread: http://fairmark.com/forum/read.php?2,63970
It's a bit complicated.
Great table. Thanks
by Spedward
Fri Mar 02, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion - Application of 5 years rule.
Replies: 4
Views: 539

Re: Roth Conversion - Application of 5 years rule.

Also as a follow up. We certainly do not need the money and money mother knows that, so the thought is to make my young children the beneficiaries of the Roth in an effort to stretch the RMDs out over their life expectancy. Certainly not enough money to create a GST issue.
by Spedward
Fri Mar 02, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion - Application of 5 years rule.
Replies: 4
Views: 539

Roth Conversion - Application of 5 years rule.

My father passed away in early 2018 and in addition to taxable funds, had a traditional IRA. On death, the IRAs reverted to my mother. We have since taken the RMDs for 2018 for my father and set up the IRA in my mother’s name. My thought was I would just convert the traditional to A Roth to the exte...
by Spedward
Wed Feb 28, 2018 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Any downside to large number of tax lots?
Replies: 17
Views: 1506

Re: Any downside to large number of tax lots?

I have tons of lots acquired over the last 20-ish years. As everyone said, now a days not a big deal. Tax software imports it. That being said. I have to file non-resident state income tax returns in about 5-10 different states every year. Now that is a pain in a butt!!!! Seems like no single state ...
by Spedward
Tue Feb 27, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: "Bogleheads.org" by Kristine Hayes"
Replies: 60
Views: 9727

Re: "Bogleheads.org" by Kristine Hayes"

Technically I believe it is INITIALISM and not acronyms.

C
by Spedward
Fri Feb 23, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 12049

Re: Do you rent even if you can afford to buy?

I rent because it allows me to rightsize my living situation. If I bought, I'd have to think well ahead and purchase something larger than I currently need in order to accommodate a (potentially) larger family in the future. I'd also feel the need to get something forever home-like. Renting doesn't...
by Spedward
Tue Feb 20, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization Analysis -- Should I or Shouldn't I
Replies: 6
Views: 391

Re: Re-characterization Analysis -- Should I or Shouldn't I

Church Lady wrote:
Tue Feb 20, 2018 10:14 pm
We can recharacterize 2017 conversions. Starting with 2018 conversions, we won't be able to recharacterize.
Yep - you are correct! Got my years messed up, or perhaps provisions, I guess. Thanks.
by Spedward
Tue Feb 20, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Re-characterization Analysis -- Should I or Shouldn't I
Replies: 6
Views: 391

Re: Re-characterization Analysis -- Should I or Shouldn't I

I thought the ability to recharacterize is now a thing of the past without grandfather, no?
by Spedward
Fri Feb 16, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: 1031 exchange to DST, anybody?
Replies: 3
Views: 418

Re: 1031 exchange to DST, anybody?

Works fine if there is a valid reason to use a DST. Also TIC interest work. My opinion is it is a pain however. Unless there is a reason you cannot do a straight forward or reverse exchange, I would personally avoid just due to the complexity.
by Spedward
Fri Feb 16, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: 529 vs. student loans vs. taxable account
Replies: 13
Views: 1421

Re: 529 vs. student loans vs. taxable account

Agreed that there are really no gymnastics to the backdoor Roth. At Vanguard the conversion happens with a click of a button, and then you just tell your tax software what you did at the end of the year and it fills out the right form. You might have the tiniest bit of uncertainty the first time yo...
by Spedward
Thu Feb 15, 2018 10:59 pm
Forum: Investing - Theory, News & General
Topic: New reduced rate on REIT Dividends
Replies: 19
Views: 4008

Re: New reduced rate on REIT Dividends

Another PM from Larry: People miss the lack of migration leading to low turnover and especially when yields are low, it's not very tax inefficient With the development of ETFs, turnover does not have much effect on tax efficiency. (However, REIT ETF is the only Vanguard stock ETF that distributed c...
by Spedward
Thu Feb 15, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: New reduced rate on REIT Dividends
Replies: 19
Views: 4008

Re: New reduced rate on REIT Dividends

People miss the lack of migration leading to low turnover and especially when yields are low, it's not very tax inefficient Isn't that true of other investments as well, such as fixed income? I feel like it's all relative. It certainly is relative. Vanguard's REIT Index fund (investor shares) retur...