Search found 132 matches

by kksmom
Wed Dec 12, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 100
Views: 10187

Re: Roth IRA for kids

Going above , re reading your posts I agree/believe with your posts and spirit riders re wage limits and w2 reporting .... That at $400 she'd have to report, and at $600 she'd generate a 1099 from her employer, at which she'd have to pay taxes. Self-employment business profit > $400 requires the com...
by kksmom
Wed Dec 12, 2018 2:36 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for kids
Replies: 100
Views: 10187

Re: ROTH Ira for kids

If the company is a sole proprietorship owned by you or a partnership of just you and your spouse, your children < 18 are not subject to FICA and < 21 are not subject to FICA. Combined with wages < $600 no W-2 reporting required. Hi Trying to clarify/confirm your statement, for our personal situati...
by kksmom
Wed Nov 14, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Can landlords take the QBI tax break?
Replies: 6
Views: 845

Re: Can landlords take the QBI tax break?

Not cpa/lawyer...

From what I have read, it doesnt matter if you hold the rental properties in your name /LLC with respect to the jobs act/QBI
We have personally found it beneficial in having a CPA well versed/experienced in real estate.
by kksmom
Sun Oct 28, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: When to get a new toilet?
Replies: 52
Views: 3906

Re: When to get a new toilet?

Is water paid for by the tenant or you?
if paid by you, may be the newer toilets would pay for itself
by kksmom
Mon Mar 12, 2018 6:40 am
Forum: Investing - Theory, News & General
Topic: jlcollinsnh - Stock Series
Replies: 14
Views: 2621

Re: jlcollinsnh - Stock Series

JL Collins: "The Simple Path to Wealth" | Talks at Google

https://www.youtube.com/watch?v=T71ibcZAX3I
by kksmom
Thu Jan 25, 2018 6:54 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 26746

Re: 401k millionaires

I recall when Mitt Romney had many millions in his 401K, some of us tried to figure out if it would be even possible to have vast amount in 401K account given the historical max limits on the annual contribution. I recall the conclusion was we needed to have FANG type equities purchased at pre-IPO ...
by kksmom
Mon Jan 22, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: jlcollinsnh - Stock Series
Replies: 14
Views: 2621

Re: jlcollinsnh - Stock Series

The simple path to wealth is great book

Here is a short video by the author re FU money
https://www.youtube.com/watch?v=eikbQPldhPY
by kksmom
Sun Jan 07, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Investing: Cash Purchase vs. Mortgage
Replies: 10
Views: 1304

Re: Real Estate Investing: Cash Purchase vs. Mortgage

The math for leverage is compelling. Consider the following: You have $200,000 to invest. There are two identical rental homes adjacent to each other that cost $200,000 each. You can buy one with cash, or both with 50% leverage.... Iam sure you were trying to make the math simple, but new investors...
by kksmom
Sat Jan 06, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: "Can I Really Retire at 40?" What to Tell Clients
Replies: 53
Views: 8654

Re: "Can I Really Retire at 40?" What to Tell Clients

I've been so pumped over the last month thinking that I could retire at 45 (10 years from now) w/ 25x spend. Back to the drawing board. https://www.madfientist.com/safe-withdrawal-rate/ "Kitces highlights some impressive stats to show how safe the SWR actually is: “the safe withdrawal rate actually...
by kksmom
Mon Oct 30, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: college savings: 529 or Roth IRA owned by child?
Replies: 6
Views: 1025

Re: college savings: 529 or Roth IRA owned by child?

Re paying Medicare/FICA/FUTA taxes , depends on how your business is "structured"

https://www.irs.gov/businesses/small-bu ... amily-help
by kksmom
Fri Sep 29, 2017 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 136
Views: 29569

Re: Becoming a Landlord: My Experiences

Even if you have good returns(which means profit after accounting for expenses besides PITI), its no where near passive as index investing(managing tenants or managing the property manager)- so we buy properties only when the Return aka cash on cash is worth the trouble(we buy only local , and never...
by kksmom
Tue Aug 29, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Starting a Roth IRA for a 9 year old
Replies: 20
Views: 2837

Re: Starting a Roth IRA for a 9 year old

http://irakids.com/
The above site provides some useful info.
by kksmom
Wed Feb 24, 2016 11:12 am
Forum: Investing - Theory, News & General
Topic: Rental Property Near University, Thoughts?
Replies: 50
Views: 3753

Re: Rental Property Near University, Thoughts?

Have parents be cosigners to the lease...Make sure the parents are credit worthy and would pay up for the antics/damages of their offspring's.
by kksmom
Sat Feb 13, 2016 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Bizarre lease problem
Replies: 33
Views: 3650

Re: Bizarre lease problem

Couldn't find the official California(i guessed from your post) state law website re landlord tenant law, on quick search. As others have noted it depends on local laws .. Here is a link that might help.. http://californialandlordtenantlaw.blogspot.com/2012/02/what-to-do-with-tenants-abandoned.html ...
by kksmom
Mon Jan 04, 2016 4:33 pm
Forum: Personal Consumer Issues
Topic: How do you keep your young kids busy/occupied?
Replies: 37
Views: 4187

Re: How do you keep your young kids busy/occupied?

Jozxyqk wrote:
It sure is tough to ignore when my 3yo just comes up and says "Daddy! Play with me!"

Every time I say "sorry kid, not right now" I can't help but think that it won't be too long before these days are completely gone.

I usually relent.
Cats in the cradle...they grow up so fast...
by kksmom
Sun Jan 03, 2016 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Can I invest in two 401ks the same year?
Replies: 8
Views: 848

Re: Can I invest in two 401ks the same year?

http://whitecoatinvestor.com/beating-the-51k-limit-friday-qa-series/ Q. Is the $51K limit per person or per job? A. In 2013, the total of employee and employer contributions to retirement plans such as 401Ks, 403Bs, 457Bs, Solo 401Ks, SEP-IRAs, Profit-Sharing Plans, Keoghs etc is $51,000. (Add $550...
by kksmom
Sun Jan 03, 2016 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Can I invest in two 401ks the same year?
Replies: 8
Views: 848

Re: Can I invest in two 401ks the same year?

http://whitecoatinvestor.com/beating-the-51k-limit-friday-qa-series/ Q. Is the $51K limit per person or per job? A. In 2013, the total of employee and employer contributions to retirement plans such as 401Ks, 403Bs, 457Bs, Solo 401Ks, SEP-IRAs, Profit-Sharing Plans, Keoghs etc is $51,000. (Add $5500...
by kksmom
Fri Jan 01, 2016 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance- Northwestern Mutal
Replies: 42
Views: 3738

Re: Permanent Life Insurance- Northwestern Mutal

For some reason, its almost always a NWM salesperson, that every medical student knows as a financial advisor, in our area.
Catch them young...
by kksmom
Fri Nov 20, 2015 10:33 am
Forum: Investing - Theory, News & General
Topic: How Do You Ignore the Noise?
Replies: 51
Views: 5957

Re: How Do You Ignore the Noise?

livesoft wrote:Years ago I became One with the Noise. I Embrace the Noise. I am the Noise.

Then Anything Else is the Signal. Pay attention to the Signal.
"tat tvam asi"
by kksmom
Fri Oct 30, 2015 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Upper Bound On 2016 Tax-Advantaged Account Contributions?
Replies: 13
Views: 1000

Re: Upper Bound On 2016 Tax-Advantaged Account Contributions?

I have seen this advice on other forums pretty regularly for sequencing of funding accounts/projects: .... -Item 3 - $6,750 total for family (my employer covers $1,500 of this) ... For 2015; hsa contribution limit ( employer+employee) for family is 6650....assuming you are not eligible for catch up...
by kksmom
Mon Aug 24, 2015 9:48 am
Forum: Investing - Theory, News & General
Topic: "FEAR" Is Here,...
Replies: 53
Views: 8787

Re: "FEAR" Is Here,...

nisiprius wrote: Maybe not, but it can go to zero. It has happened 2 out of 23 times between 1900 and today, in the study of 23 national stock markets conducted by Dimson & al.

...
Interesting will look up those 2 times/places, thanks.
by kksmom
Mon Aug 24, 2015 8:05 am
Forum: Investing - Theory, News & General
Topic: "FEAR" Is Here,...
Replies: 53
Views: 8787

Re: "FEAR" Is Here,...

Does the falling knives analogy apply when buying the whole market (total stock ) versus buying individual stocks?
by kksmom
Thu Jul 02, 2015 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k for real estate llc?
Replies: 9
Views: 1645

Re: Solo 401k for real estate llc?

pshonore wrote:Does the rental LLC income count as "earned income"?
rodmcgregor wrote:No it is passive
With the exception for a "real estate professional"..
by kksmom
Tue May 19, 2015 12:28 am
Forum: Investing - Theory, News & General
Topic: Supreme Court to hear fiduciary duty/high cost funds case
Replies: 51
Views: 8937

Tibble et al. v. Edison - supreme court ruling 401k fees

[Thread merged into here, see below. --admin LadyGeek] http://www.latimes.com/business/la-fi-court-edison-401k-fees-20150519-story.html#page=2 " In a move that could brighten retirement prospects for millions of Americans, the U.S. Supreme Court ruled that employers have a duty to keep watch over 4...
by kksmom
Thu Apr 09, 2015 11:33 pm
Forum: Personal Consumer Issues
Topic: Rental flooring decision
Replies: 36
Views: 5787

Re: Rental flooring decision

You have the click-lock or the glue down Allure? The glue one is going to warp in the bathroom.... Ours is the glue strip ; ie traffic master allure regular , currently---but have heard that the interlocking variety of traffic master allure ultra is waterproof. http://community.homedepot.com/howto/...
by kksmom
Thu Apr 09, 2015 10:39 pm
Forum: Personal Consumer Issues
Topic: Rental flooring decision
Replies: 36
Views: 5787

Re: Rental flooring decision

Thanks for the info. I have always thought Vinyl was very cheap and the cheapest flooring you could get. But, so many positive comments about vinyl here, I will have to look up this Allure Vinyl that looks like wood at Home Depot. Especially, If I can use it throughout the house and not have to wor...
by kksmom
Wed Apr 01, 2015 2:48 am
Forum: Personal Finance (Not Investing)
Topic: Bamboo vs Engineered Hardwood floor?
Replies: 12
Views: 4385

Re: Bamboo vs Engineered Hardwood floor?

Bamboo scratches and dents easier. Also tends to crack in dry climates - Doesnt seem to be ideal for a rental.
Google bamboo floor reviews for more details.

Could try something like traffic master allure interlocking free floating planks- durable, looks like hardwood, waterproof.
by kksmom
Fri Mar 27, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Graduating Medical Student- Rent vs. Buy in Residency
Replies: 45
Views: 7190

Re: Graduating Medical Student- Rent vs. Buy in Residency

It's also hard on the spouse to see all the other residents' spouses in nicer homes. You can rent very nice homes. Too many people have this idea of a crappy apartment when they think "rental" and this idea of an awesome brand new mansion when they think "own." I had neighbors 3 doors down who rent...
by kksmom
Wed Mar 18, 2015 7:14 am
Forum: Personal Consumer Issues
Topic: House Foundation Cracks, No big deal or RUN!
Replies: 24
Views: 4890

Re: House Foundation Cracks, No big deal or RUN!

If you require a contractor to do any work (related to inspection) , it may fall under EPA lead RRP laws(being pre 1978 structure) based on the surface area that is involved and activities it may involve. It applies to even owner occupied homes, if there's a contractor involved. Lead? In a foundati...
by kksmom
Tue Mar 17, 2015 2:19 pm
Forum: Personal Consumer Issues
Topic: House Foundation Cracks, No big deal or RUN!
Replies: 24
Views: 4890

Re: House Foundation Cracks, No big deal or RUN!

Hello All, The home inspection for a house we are buying just came through. It's an older (1929) single family house downtown. Everything looks good with the exception of some cracking in the foundation. This is not unique to the area, the house next door required extensive foundation work per the ...
by kksmom
Mon Mar 16, 2015 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Rental offer on house for sale
Replies: 8
Views: 1314

Re: Rental offer on house for sale

Hi, If a house is on sale to buy for $400,000, what would be the range of monthly rents that would be a fair deal? What if the house has been on the market for 2 years without any significant price cuts and possibly worth $360,000-$370,000? Thank you. As others mentioned, the rental price has often...
by kksmom
Sun Mar 15, 2015 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Sell gas station for one dollar
Replies: 48
Views: 8287

Re: Sell gas station for one dollar

Off tangent ... this is something that can also affect homeowners with underground oil tanks. the cost of remediation are crazy. Buyers need to be aware if they have any current tanks, re old tanks -what you dont know cant be revealed in sales disclosure like lead paint etc. Also dont believe these ...
by kksmom
Sat Mar 14, 2015 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Protect rollover IRA from potential lawsuit
Replies: 41
Views: 8029

Re: Protect rollover IRA from potential lawsuit

If you have a good current 401k acct, could you not rollover these?
If not consolidate all in one of the better 401 k?

Added benefit of opening up space for any backdoor roths.
by kksmom
Thu Mar 12, 2015 6:32 am
Forum: Personal Consumer Issues
Topic: Board certification alternative (medicine)
Replies: 10
Views: 1752

Re: Board certification alternative (medicine)

thanks for the link
So true, hope it succeeds.

Board certified though.
by kksmom
Fri Mar 06, 2015 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Which 529 plan are you using?
Replies: 61
Views: 8660

Re: Which 529 plan are you using?

erdoc0919 wrote:http://www.hcplive.com/physicians-money ... ntry-Dahle

There is a chart mid way down the article showing which plan you should use based on where you live. Typically Utah (which I use) is the best. I live in PA.

great table, thanks
by kksmom
Wed Feb 25, 2015 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 16053

Re: physicians [Frustrated, considering early retirement]

Working with acutely sick inpatients, Weirdly enjoy the stress of diagnosing and managing these patients. Of course dont care for the rude pts/families, but this is mostly ignorance on their part. stupid G laws/ regulations, that compromise pt care. Other professionals who prefer to shunt/not take r...
by kksmom
Mon Feb 16, 2015 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I raise my tenants rent?
Replies: 35
Views: 3496

Re: Should I raise my tenants rent?

- unless you are an accidental LL, one should have a plan as why one is in this business/investment- ? cash flow, appreciation etc. - almost always bad idea to rent to family/friends. What happens if he losses his job and cant afford rent - you prepared to evict? - one needs a well thought criteria/...
by kksmom
Sat Feb 07, 2015 11:36 am
Forum: Personal Finance (Not Investing)
Topic: How to raise kids who aren't spoiled
Replies: 11
Views: 1511

Re: How to raise kids who aren't spoiled

Being a parent, not their buddy.
by kksmom
Wed Feb 04, 2015 12:47 pm
Forum: Personal Consumer Issues
Topic: Approaching 50...What to expect?
Replies: 113
Views: 18878

Re: Approaching 50...What to expect?

I don't know if it has been said yet but it is time for your colonoscopy. Very important test. The prep is the worst part of the exam. Also if you haven't had it before it is time for a PSA (prostate specific antigen )blood test. Don't let your MD talk you out of getting it . Also you need at the s...
by kksmom
Mon Feb 02, 2015 7:18 am
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 208
Views: 18374

Re: Wiki comments requested: The importance of asset allocat

And you can't have a savings rate if your don't handle the first step, and that's living below your means. So the order is: 1. Learn to live below your means. 2. Develop a plan (the rest of the following steps would be included in the plan). 3. Maximize your savings rate. 4. Establish an emergency ...
by kksmom
Sun Feb 01, 2015 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: 36 yo looking for early retirement
Replies: 28
Views: 6275

Re: 36 yo looking for early retirement

didn't read the whole thread, but things that I may have missed being mentioned

529 - since you plan to have kids

I bonds as part of your fixed income?
by kksmom
Fri Jan 30, 2015 5:22 am
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 208
Views: 18374

Re: Wiki comments requested: The importance of asset allocat

As someone who considers myself as not an expert, the below reflect my thoughts/understanding of investing. > Savings/Expenses is more important than asset allocation, particularly for a newbie/accumulation phase. > Always keep an emergency fund available, based on your life situation. > Knowing you...
by kksmom
Wed Jan 28, 2015 8:49 pm
Forum: Personal Consumer Issues
Topic: Perspectives on house with a pool
Replies: 34
Views: 4534

Re: Perspectives on house with a pool

Swimming pools are usually money pits for most folks. However instead of tearing it up or filling it up , another option may be modifying to a natural pond. http://en.wikipedia.org/wiki/Natural_pool Even if the idea of swimming in a natural pond terrifies one(tadpole monsters/microscopic brain eatin...
by kksmom
Wed Jan 28, 2015 10:32 am
Forum: Personal Finance (Not Investing)
Topic: .
Replies: 37
Views: 5354

Re: US citizen vs green card

Can be debatable re adv/disadv: No jury duty for non citizens
by kksmom
Wed Jan 28, 2015 9:25 am
Forum: Personal Consumer Issues
Topic: Is there a name for this kind of toilet ?
Replies: 13
Views: 1773

Re: Is there a name for this kind of toilet ?

Dont know what the Korean Model is.
In US, to improve flushing, look for a toilet with high MaP score ( 1000), one with larger flapper, dual flush, good glazing. :sharebeer
by kksmom
Tue Jan 27, 2015 9:27 am
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade HSA Options
Replies: 18
Views: 3240

Re: TD Ameritrade HSA Options

Thanks
Looking up the transaction history, seems no commission was charged. So must have blundered my way right. :) :oops:

Edit: yeah it shows up on profile - whether one is enrolled in commission free etfs.
by kksmom
Tue Jan 27, 2015 9:13 am
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade HSA Options
Replies: 18
Views: 3240

Re: TD Ameritrade HSA Options

If one is already buying only the "commission free ETFs"; do we still have to "sign up" for this? Thanks This is a bit scary that apparently people are not looking to see if they are charged commissions. The answer to your question is "Yes, if you do not wish to pay a commission." However, there ar...