Search found 168 matches

by Spedward
Tue May 26, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Worst House on the best block?
Replies: 52
Views: 4341

Re: Worst House on the best block?

We bought the worst house on a great block and it turned out great. That being said, it is a ton of work, though I enjoy that kind of stuff. If you do not doing that type of thing yourself, it can get expensive very quick. Actually the other day my wife was sorting through old pictures and found som...
by Spedward
Sat May 23, 2020 12:00 am
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 92
Views: 7184

Re: Has anyone ever used their Emergency Fund?

No - but it serves its purpose consistently. Especially in times like now. I know it is there if needed - comfort.
by Spedward
Tue May 19, 2020 8:19 pm
Forum: Personal Consumer Issues
Topic: Composite AND wood deck?
Replies: 15
Views: 996

Re: Composite AND wood deck?

We have a compost deck that was put in around the 2005/2006 time frame. When we bought the place, it was a mess, mainly from the original owners not cleaning it regularly, etc. One of the first things I did was buy a pressure washer and spent a Saturday afternoon cleaning it. Still looks brand new a...
by Spedward
Fri Feb 28, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 284
Views: 42181

Re: 30 year mortgage under 3%

unclescrooge wrote:
Thu Feb 27, 2020 12:57 am
Spedward wrote:
Wed Feb 26, 2020 9:11 pm
I got a 5/1 at 2.65 over the summer.
From whom? Please share deets.
Wells actually. It is a jumbo so perhaps it equals to the 2.75-ish that others have seen here and there.
by Spedward
Wed Feb 26, 2020 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 284
Views: 42181

Re: 30 year mortgage under 3%

I got a 5/1 at 2.65 over the summer.
by Spedward
Wed Feb 26, 2020 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: What should we do next?
Replies: 5
Views: 584

Re: What should we do next?

Personally I am a fan of just piling up money. Before you know it you will have a down payment for a rental property (if that is what you really want to do). Personally I owned a couple of properties and to me it just was not worth the hassle.
by Spedward
Wed Jan 08, 2020 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 20556

Re: Living in a HCOL and making a middle class salary is a struggle

I live in Westchester as well. We recently purchased a home in Northern Westchester. There are a number of towns up here that have “reasonably” priced homes (for Westchester standards) that have wonderful schools and reasonable taxes (again, by Westchester standards). You did not say where you work ...
by Spedward
Sun Dec 22, 2019 1:56 am
Forum: Personal Finance (Not Investing)
Topic: Missed estimated tax payment deadline for multiple quarters
Replies: 19
Views: 1934

Re: Missed estimated tax payment deadline for multiple quarters

Since tax withholding is considered paid evenly throughout the year, you could take a $53K (or slightly more) IRA distribution and request 100% (or slightly less) federal tax withholding, then within 60 days rollover the full $53K back to the IRA using the funds you would have used for a 4th quarte...
by Spedward
Sat Dec 21, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Missed estimated tax payment deadline for multiple quarters
Replies: 19
Views: 1934

Re: Missed estimated tax payment deadline for multiple quarters

I did not pay attention to the fact that Turbotax had pre-calculated estimated tax payment when I filed 2018 return PLUS I made ill-informed assumptions around w-2 withholding :oops: . Now I am catching up & I will be receiving around 40K-50k federal tax bill. Turbotax had predicted quarterly payme...
by Spedward
Fri Dec 20, 2019 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Missed estimated tax payment deadline for multiple quarters
Replies: 19
Views: 1934

Re: Missed estimated tax payment deadline for multiple quarters

I did not pay attention to the fact that Turbotax had pre-calculated estimated tax payment when I filed 2018 return PLUS I made ill-informed assumptions around w-2 withholding :oops: . Now I am catching up & I will be receiving around 40K-50k federal tax bill. Turbotax had predicted quarterly payme...
by Spedward
Fri Dec 20, 2019 6:45 pm
Forum: Personal Investments
Topic: Considering lump sum Roth IRAs on Jan 2
Replies: 14
Views: 1124

Re: Considering lump sum Roth IRAs on Jan 2

For the past few year, I have just done backdoor Roths in early January for the full amounts, but have monthly purchases fund purchases set up. I set up the monthly purchases a number of years ago, and by the time December 31 rolls around, the cash balance is next to zero, but for the small interest...
by Spedward
Thu Nov 14, 2019 9:53 pm
Forum: Personal Investments
Topic: After Vanguard what’s the best place to open a solo 401k?
Replies: 9
Views: 500

Re: After Vanguard what’s the best place to open a solo 401k?

My wife has her solo 401(k) at fidelity. Agreed it is most defiantly a pain, but I only complain about it once a year when we make the deposit. Other than that super easy. The main reason we went with fidelity is because our brokerage a Roth IRAs are there and have been for 15+ years. For me, switch...
by Spedward
Fri Aug 23, 2019 6:36 am
Forum: Personal Consumer Issues
Topic: one month apartment rental in NYC
Replies: 12
Views: 1563

Re: one month apartment rental in NYC

Just do an Airbnb or alike.

Recently move to NY and while we were waiting for our house to close I just got an AirBNB. Ended up in for for 24 days total.
by Spedward
Fri Jul 19, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 23946

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

As someone that spend the first 15 years of my career in a MCOL city, and then recently moved to a HCOL city, I can say the biggest hurtle is young folks making headway on any material savings goals in their early 20/30s. Although I know a lot of folks my age in the HCOL area that make the same or m...
by Spedward
Wed Jul 17, 2019 9:00 pm
Forum: Personal Consumer Issues
Topic: Your pick for a lawn edger
Replies: 30
Views: 2620

Re: Your pick for a lawn edger

I was in the market as well, and I actually went with the Ryobe 40 volt cordless. My father-in-law is a maniac about his lawn and he sweats by it, and he have some commercial grade stuff. He tends to wipe out the gas powered stuff when he does his whole property - maybe once a month. But uses the Ry...
by Spedward
Wed Jul 17, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 4136

Re: How unpleasant is the home buying/selling experience??

We were in that situation years ago. My wife and were young and dumb (mid 20s) and chose option 1. Then later in life, we chose 2 after we rented. In 2004 we bought a townhome; what we viewed, and I would think most would, as a starter home. A couple of years go by and the thing doubles in value. We...
by Spedward
Fri May 10, 2019 3:43 am
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 129
Views: 28955

Re: How and when did you do it - to get to 1 Million

Late last week....

Pretty sure the market likely took it away from me. Oh well. It shall return.
by Spedward
Thu Apr 04, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)
Replies: 54
Views: 4280

Re: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)

Oh, and we grew to love the winters.

Super cold but it builds character like nothing else. It is also funny to see folks running around in shorts in late March because it is suppose to hit the low 50s.
by Spedward
Thu Apr 04, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)
Replies: 54
Views: 4280

Re: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)

My two cents; as someone that moved from a LCOL area (southern state, mid-size city) to Chicago. My wife and I moved here @ 29. One thing I will say is the only real difference we noticed in costs was housing and taxes, and the pay differential more than offset that for us. Additionally, other expen...
by Spedward
Wed Mar 13, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: How many companies have you worked for?
Replies: 125
Views: 8304

Re: How many companies have you worked for?

HEDGEFUNDIE wrote:
Tue Mar 12, 2019 7:29 pm
#6, age 33

Over 11 years have increased total comp from $75k to $250k. Job hopping pays off!
Same employer since grad school. 15 years. Staying put can pay off more sometimes!
by Spedward
Wed Mar 13, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Flaw in Oregon’s formula for taxing part-year residents?
Replies: 20
Views: 1827

Re: Flaw in Oregon’s formula for taxing part-year residents?

I have to file a good many non-resident state returns in different states. Travel a good bit for work. There are a significant number of states that do this. They effectively pull in investment income, etc and tax it in the non-resident state based on some formula. State apportionment - it sucks. An...
by Spedward
Thu Jan 24, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 22897

Re: Why doesn't a lot of money feel like a lot of money?

The feeling is very real. In connection with year end planning, I went back and looked at my earning history since my college days. I remember when I got my first bonus (which was tiny) and how proud I felt. Now however for me it isn’t the kill but the thrill of the chase the excites me..... I also ...
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: 232

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: Personal Investments
Topic: The Disaster That Is General Electric Company Stock
Replies: 53
Views: 10524

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: 541

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: 10887

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: 10887

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: 26
Views: 25898

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: 74
Views: 8172

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: 252

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: 7803

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: 7803

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: 814
Views: 97187

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: 1596

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: 9606

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: 501
Views: 60344

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: 6702

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: 910

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: 2599

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: 5594

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: 4260

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: 5693

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: 1460

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: 1460

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: 3143

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: 10349

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: 2848

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: 1285

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: 782

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: 52800

Re: Lucrative careers?

Accounting. It can never hurt to learn the laungage of Business.