Search found 150 matches

by doss
Thu May 24, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Have a side biz: Should I transfer and then close my biz checking account?
Replies: 11
Views: 516

Re: Have a side biz: Should I transfer and then close my biz checking account?

OP mentioned that he has a EIN and a LLC and not file as S Corp. If you have an EIN, can you still do Sole Prop? If you have EIN, dont you always have a company name? I think what was confused about was that Sole Prop is not AN LLC. But, A single-member LLC may function similarly to a sole propriet...
by doss
Thu May 24, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Have a side biz: Should I transfer and then close my biz checking account?
Replies: 11
Views: 516

Re: Have a side biz: Should I transfer and then close my biz checking account?

You would know if it is taxed as a S-corp - because you would have to file a 1120s (usually one month before personal taxes are due). There are very big fines if you forget to file it. Also, you would need to run payroll, and file 940, 941, and a state unemployment tax forms for yourself as an empl...
by doss
Thu May 24, 2018 6:25 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 25
Views: 1606

Re: I've never budgeted sucessfully

I don't want to use Mint, as much as I like it, because it's just another vulnerability having all financial data out there. I have been using mint.com since I'd say 2009 or so. No problems or issues with security. I've spotted fraudulent charges on statements thanks to Mint because I probably woul...
by doss
Thu May 24, 2018 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Have a side biz: Should I transfer and then close my biz checking account?
Replies: 11
Views: 516

Re: Have a side biz: Should I transfer and then close my biz checking account?

niceguy7376 wrote:
Wed May 23, 2018 2:14 pm
Is this your first year with this side biz?
If not, how did you do the tax and filings for prev years.
No, been in biz for 10+ years. Did tax via a CPA but last couple of years did it myself via Turbotax.
by doss
Wed May 23, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Have a side biz: Should I transfer and then close my biz checking account?
Replies: 11
Views: 516

Re: Have a side biz: Should I transfer and then close my biz checking account?

niceguy7376 wrote:
Wed May 23, 2018 12:15 pm
Are you a sole prop or S Corp?
That makes some difference i suppose in terms of money handling
Not 100% sure. I know it's not a Sole Prop but not sure if S Corp? I know it says "disregarded entity" in entity type on my EIN app.
by doss
Wed May 23, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Have a side biz: Should I transfer and then close my biz checking account?
Replies: 11
Views: 516

Have a side biz: Should I transfer and then close my biz checking account?

I have a side hustle that is an LLC for work that I occasionally pick up throughout the year. There's not much money in my business checking account (I have Navy Federal CU) and there are no fees. But, I am trying to simply my finances and wondering if it's OK to close NFCU and just transfer the mon...
by doss
Fri May 18, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: How does the process work for getting back funds from a Roth?
Replies: 9
Views: 752

Re: How does the process work for getting back funds from a Roth?

plan to keep our emergency fund in various Roth accounts (401k, 403b, Roth IRA). The only accounts that you could withdraw the CONTRIBUTIONS (that too after a min 5 year rule) from the above, WITHOUT A PENALTY is a Roth IRA. You need to pay a penalty on a Roth 401k and I assume the same applies to ...
by doss
Fri May 18, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: How does the process work for getting back funds from a Roth?
Replies: 9
Views: 752

How does the process work for getting back funds from a Roth?

As posted elsewhere in this thread, I want to take a more aggressive approach for retirement planning and plan to keep our emergency fund in various Roth accounts (401k, 403b, Roth IRA). Lets say that I need to use some of that money (we use Vanguard) -- how do I get it disbursed to me? And, how fas...
by doss
Fri May 18, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Where to aggressively put 60k after 401k and Roth ? Family of 3
Replies: 2
Views: 257

Where to aggressively put 60k after 401k and Roth ? Family of 3

Hello, I am following this investments prioritization from the BH wiki and was wondering if I could get a consensus on where to put 60k in combined cash that is currently sitting in an Ally online savings account and a checking account. ---> I would like to retire around 58. I am 38, married with a ...
by doss
Thu May 17, 2018 6:36 am
Forum: Personal Finance (Not Investing)
Topic: I will be laid off but can not get unemployment benefits?
Replies: 26
Views: 3847

Re: I will be laid off but can not get unemployment benefits?

This is why I love BH. Gotta say, this was an interesting and eye-opening topic!
by doss
Tue May 15, 2018 1:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 8999

Re: Yes, I'm 89 all right!

Thanks for everything, Jack!
by doss
Tue May 15, 2018 6:07 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30821

Re: KF's simple rules to achieve FI [Financial Independence]

KF's idea about cash flowing his kid's college tuition vs saving in 529s is an interesting one. I got a 2 year old and probably 1 more on the way in the next year. So, 15+ years from now, will one be able to cash flow college tuition then? Will tuition double? Does that mean savings rate could also ...
by doss
Thu May 03, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Receiving house after parents pass away - legal issues with siblings?
Replies: 35
Views: 3385

Receiving house after parents pass away - legal issues with siblings?

I recently assisted my parents with a home purchase. I provided the down payment and they have taken over the mortgage. The plan is that when they pass, it will be given to me. My siblings were OK with all this as they will be getting other assets as stated in our parents will. Is it a good idea to ...
by doss
Thu Apr 26, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Employer X vs Employer Y - which is better?
Replies: 4
Views: 384

Employer X vs Employer Y - which is better?

Lets say two jobs pay a $170k salary. Job X has a pretax medical insurance deduction from payroll each month at $339.50 (family plan) Job Y has a pretax medical insurance deduction from payroll biweekly at $295.15 (family plan) The Job X employee can contribute up to 16% of salary after 1 year of se...
by doss
Mon Apr 23, 2018 6:32 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30821

Re: KF's simple rules to achieve FI

This has been an interesting thread. I never thought about the idea of funding college via cash flow once my retirement goals have been met -- always thought you had to do it through 529s from the start. KF's method makes sense, I am just not sure yet if it's the best method for me (still searching)...
by doss
Mon Apr 23, 2018 6:11 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12279

Re: Work Commute: How far is too far?

My commute has me in my car for over 3 hours each day. Been doing it for 10 months now. Sucks I've been doing 3.5 hours daily for 15 months. "Sucks" is an understatement. This is affecting my health and will prematurely kill me unless I find the cajones to pull the ripcord. If I suddenly go dark on...
by doss
Wed Apr 04, 2018 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6688

Re: Grass is always greener, federal edition

I retired in 2007 at 55 from the federal government under the old cadillac CSRS. They have religiously direct deposited $9000+ in my bank account every month since I left. Additionally I was also able to participate in the TSP (no matching) and will be covered by Federal Health Benefit Plan (FEHB) ...
by doss
Wed Mar 28, 2018 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6688

Re: Grass is always greener, federal edition

Why don't you just take the federal contracting route? Here's why: 1.) You get to stay with your employer, same job duties, same boss, same people, etc. 2.) You get same govie-like schedules, 40hr work week (often illegal to work more than your govie counterparts), same holidays, etc 3.) Agencies li...
by doss
Tue Mar 27, 2018 6:53 am
Forum: Investing - Help with Personal Investments
Topic: My wife's 403b has high managment fees?
Replies: 3
Views: 323

My wife's 403b has high managment fees?

My wife (currently a SAHM) has a 403b with only the following fund: Vanguard Inst. Index Plus (VIIIX) --- $20k Balance , 100% invested Quarterly, she is hit with an administrative fee of $15.00 That seems pretty high. Is this normal? According to the prospectus: Annual Fund Operating Expenses (Expen...
by doss
Mon Mar 26, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Any hand written letter services out there that write and mail on your behalf?
Replies: 25
Views: 2419

Re: Any hand written letter services out there that write and mail on your behalf?

I am finding in this day and age that a personal hand written letter goes much furthe r than emails...especially when corresponding with banks, hospitals, warranty claims, shopping quotes, etc. So you want a personal hand written letter that isn't really personal? :beer I do. I'm too lazy to be per...
by doss
Mon Mar 26, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: Any hand written letter services out there that write and mail on your behalf?
Replies: 25
Views: 2419

Re: Any hand written letter services out there that write and mail on your behalf?

Earl Lemongrab wrote:
Mon Mar 26, 2018 7:20 am
At least one that I saw online offered a free note. That one at least uses "robots" to produce the written page.
Robots are fine. Unfortunately, it's looking like average is about $5-6 to send a single letter with postage, etc. Price point not quite there ...if it was $2, yes.
by doss
Mon Mar 26, 2018 7:14 am
Forum: Personal Consumer Issues
Topic: Any hand written letter services out there that write and mail on your behalf?
Replies: 25
Views: 2419

Re: Any hand written letter services out there that write and mail on your behalf?

AlohaJoe wrote:
Mon Mar 26, 2018 7:12 am
I googled "hand written letter services" and found a few options.
I should've been more clear...anyone have any experiences using one? :oops:
by doss
Mon Mar 26, 2018 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Question on Ally Savings Account vs Capital One 360 MMA?
Replies: 8
Views: 1461

Re: Question on Ally Savings Account vs Capital One 360 MMA?

I have both accounts. I am pretty sure that you cannot write checks on Capitol One's 360. Ally pairs their savings account with a checking account and you can transfer funds to the checking account. I established a checking account with $100 at Ally when I established the savings account. I have ne...
by doss
Mon Mar 26, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: Any hand written letter services out there that write and mail on your behalf?
Replies: 25
Views: 2419

Any hand written letter services out there that write and mail on your behalf?

Does anyone know if there's a service out there that will write and mail a letter on your behalf? In other words, you type up a message and email to the service and they will copy that and mail it (stamp and all) to the recipient for you. Better yet, any that will hand write for you and then just at...
by doss
Sun Mar 25, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone with Capital One's old High Yield Checking Account AND 360 Money Market Savings Account?
Replies: 0
Views: 294

Anyone with Capital One's old High Yield Checking Account AND 360 Money Market Savings Account?

To anyone with the old Capital One "High Yield Checking" and the newer 360 Money Market Savings Account.... 1.) Are you able to link your 360 Money Market Savings Account to your High Yield checking and have the 360 act as overdraft protection? 2.) Not related to the above, but is there reimbursemen...
by doss
Sat Mar 24, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Question on Ally Savings Account vs Capital One 360 MMA?
Replies: 8
Views: 1461

Question on Ally Savings Account vs Capital One 360 MMA?

I want to open an online savings account, but I was wondering why people recommend Ally bank when other banks such as Capital One 360 Money Market account not only provide a higher interest rate (1.50 vs Ally's 1.45) , but also check writing capability? I'd need to write about 1 check a week, so won...
by doss
Fri Mar 23, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a home in 3-4 years -- willing to take risks? Where to keep $$?
Replies: 18
Views: 1083

Re: Saving for a home in 3-4 years -- willing to take risks? Where to keep $$?

If I sell my current home, I have to live somewhere, no? Also, I like the idea of having an empty home to sell with nothing but new paint and carpeting in it. Will you qualify for both mortgages at once? Your bank may not give you another mortgage unless your purchase is contingent on the sale of y...
by doss
Fri Mar 23, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a home in 3-4 years -- willing to take risks? Where to keep $$?
Replies: 18
Views: 1083

Re: Saving for a home in 3-4 years -- willing to take risks? Where to keep $$?

will you make a little profit on selling the current home ? or are you thinking of keeping for rental ? If you plan to sell current home you should have some equity to transfer over (no?), thus reducing your need for the full $56K to hit 20% ? If I sell my current home, I have to live somewhere, no...
by doss
Fri Mar 23, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a home in 3-4 years -- willing to take risks? Where to keep $$?
Replies: 18
Views: 1083

Saving for a home in 3-4 years -- willing to take risks? Where to keep $$?

I'd like to save money somewhere for a down payment on a home. I need to save around $56,000 for 20% down (the houses I'm looking at average around $280k asking price) and I plan to save $2,000 a month towards the down payment. We don't need to buy the house until 3-4 years, but due to the scarcity ...
by doss
Fri Mar 23, 2018 6:48 am
Forum: Personal Consumer Issues
Topic: Possible 1 month of unemployment -- how to maximize time off? (non job related)
Replies: 22
Views: 1551

Re: Possible 1 month of unemployment -- how to maximize time off? (non job related)

Thanks, guys. Appreciate all the commentary! Today was supposed to be my last day -- I got a call late yesterday stating that I can return to work next week and wait a couple of weeks or so until my new gig is funded! So, I don't have to worry about using paid time off. This is awesome news! :beer O...
by doss
Wed Mar 21, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Possible 1 month of unemployment -- how to maximize time off? (non job related)
Replies: 22
Views: 1551

Re: Possible 1 month of unemployment -- how to maximize time off? (non job related)

Start looking for jobs anyway. Maybe you will find a better one. Maybe the potential one they offered you doesn't come through. If you have any extra time, clean and organize your house or apartment and complete all those tasks you have put off such as painting and fixing the crooked blind. Practic...
by doss
Wed Mar 21, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Possible 1 month of unemployment -- how to maximize time off? (non job related)
Replies: 22
Views: 1551

Possible 1 month of unemployment -- how to maximize time off? (non job related)

I was just given a two week's notice almost two weeks ago. This is the first time I've been in this position. I am 37 and am married with 1 toddler and a non-working spouse and it has been a bit unnerving at night. Luckily, my company called me last evening and stated that they have a new position f...
by doss
Fri Mar 09, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Anyone with Citi bank? Frustrating trying to close my account
Replies: 10
Views: 931

Re: Anyone with Citi bank? Frustrating trying to close my account

:annoyed I am now trying to close my account but Citi no longer allows chat or secure messaging for banking services! While i don't have a checking account with them so can't see your login screen for that part, this isn't true for their credit card side. My Secure Message Center is found by scroll...
by doss
Fri Mar 09, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Anyone with Citi bank? Frustrating trying to close my account
Replies: 10
Views: 931

Re: Anyone with Citi bank? Frustrating trying to close my account

Just use snail mail. Write a letter to close the account. US mail is a safe way to have a check mailed. We've dealt with mailed checks up to about $500,000. Sometimes using the mail and paper checks is the easiest and most expedient way of getting things done with the fewest be procedural obstacles...
by doss
Fri Mar 09, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Anyone with Citi bank? Frustrating trying to close my account
Replies: 10
Views: 931

Anyone with Citi bank? Frustrating trying to close my account

I was one of the suckers that fell for the Citigold promotion a while back where you could use a credit card to fund your bank account (for miles) and also get $100 knocked off your $450 annual fee (Citi Prestige card). Last year or so Citi changed their Citigold requirements and now you have to kee...
by doss
Fri Mar 02, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: New construction woes
Replies: 30
Views: 3005

Re: New construction woes

Dear fellow bogleheads, Maybe you’re able to give me some thought on my problem. We built a custom home , moved in and continue to find faults such as drafty fireplace, unoperable windows , showers that run cold water only , leaks in the hot air ducts etc etc. This is a 600 k custom home and the bu...
by doss
Fri Mar 02, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Why child care tax credit for double income families, but not single?
Replies: 32
Views: 3582

Re: Why child care tax credit for double income families, but not single?

Single income families do very well under the tax code all things considered. But yes, it is true that DW's years out of the labor force may reduce her Average Indexed Monthly Earnings (AIME) and SS benefits down the road. On the other hand, spousal and survivor benefit formulae ultimately work to ...
by doss
Thu Mar 01, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Expanding current house vs buying your ideal house?
Replies: 14
Views: 975

Re: Expanding current house vs buying your ideal house?

The house clearly ticks major necessary parameters - there are some points which bother you but nothing can be perfect. Overall, dont put money in expensive repairs or upgrade the house - rather put it towards life's necessities. +1 No house will ever be perfect. Enjoy current house and location. W...
by doss
Thu Mar 01, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Expanding current house vs buying your ideal house?
Replies: 14
Views: 975

Re: Expanding current house vs buying your ideal house?

Thoughts. Upstairs. . . thick noise absorbing carpet padding (get the best, it works). Bose Noise Cancellation Headphones. Deal breaker is planning to move in 15 years and pouring funds into the home instead of the future home. DW is happy. Children are happy. Lifestyle intrusion and financial stre...
by doss
Wed Feb 28, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Why child care tax credit for double income families, but not single?
Replies: 32
Views: 3582

Re: Why child care tax credit for double income families, but not single?

Cobra Commander wrote:
Wed Feb 28, 2018 4:25 pm


The deduction is meant to provide an incentive/subsidy for dual-income households to offset the costs of daycare. You, as a single income household, do not need the offset because your spouse is not working and is available to watch the children.
Seems this is backwards.....
by doss
Wed Feb 28, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Why child care tax credit for double income families, but not single?
Replies: 32
Views: 3582

Why child care tax credit for double income families, but not single?

With a soon to be 2 year old, we are looking at enrolling him at a preschool this year. My wife is currently a stay at home mom but doesn't make enough to really make it worth while to go back to work. I was curious if we are eligible to deduct daycare credit next year? Qualifications for the child ...
by doss
Wed Feb 28, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Expanding current house vs buying your ideal house?
Replies: 14
Views: 975

Expanding current house vs buying your ideal house?

Profile: Age 38, wife is 32 and SAHM. We have 1 child that is going to be 2yrs old. Plan to have one more in the next year or two. We live in the Midwest in a low cost of living area within walking distance of all the major landmarks: hospital, main street, blue-ribbon school, shops, church, cafes, ...
by doss
Wed Feb 28, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: Dealership oil change worth it?
Replies: 69
Views: 5197

Re: Dealership oil change worth it?

With Ford, you can take your car in to the dealership and do an oil change, fluid top offs, tire rotation, checks, for $39 every time. Just go to ford.com and look up your dealership and grab service coupons there. Normal price I believe is 60-70. The above price point is reasonable, imho. Plus, the...
by doss
Tue Feb 27, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Am I too heavy with Target Date funds? Age 38
Replies: 16
Views: 1884

Re: Am I too heavy with Target Date funds? Age 38

Agree with above, the Vanguard Target Date funds are quite good and are essentially fire and forget. You should be getting the institutional version of the TD which would drop the expense ratio around .10 to .08? Re your emergency funds, are you using a high yield savings account, e.g. Ally, AMEX, ...
by doss
Tue Feb 27, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Am I too heavy with Target Date funds? Age 38
Replies: 16
Views: 1884

Am I too heavy with Target Date funds? Age 38

Hi all, I am 38 and was wondering if we are too heavy on Target Date retirement funds? Wife age 32 and is a SAHM Here's my portfolio: Current retirement accounts: $85k his 401k -- Vanguard Target Retirement 2045 Fund (Company match: 100% of salary to 6% + annual profit share 1% = 7%) $70k his Roth I...
by doss
Tue Feb 27, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12279

Re: How Far is too Far, Commuting?

Yep, self-driving cars will change this, imho. Just think of all the services that will spring up.....you can probably catch a "gym van" where you can work out while the car drives you home or at least to a drop-off point where you can grab your car for the short drive home. Or, how about catch a 30...
by doss
Mon Feb 26, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 12279

Re: How Far is too Far, Commuting?

Is it possible for the OP to change his schedule so he can leave around 430am in the morning? I try to get on the road by 5am and that makes a huge difference in terms of stress and relaxation. It's pretty relaxing when there are no cars on the road and you can listen to some smooth jazz :sharebeer ...
by doss
Tue Dec 19, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Question on 529 plan as a Missouri resident?
Replies: 1
Views: 162

Question on 529 plan as a Missouri resident?

Hello, I have a 18month year old and want to start investing for some of his college expenses. I've been reading the wiki here and elsewhere about 529 plans. Originally, I have started to save some cash into a Roth IRA but wondering if that's the best way to save for his college. Since I live in Mis...
by doss
Thu Nov 30, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor fee in a 403b plan with Fidelity - is that required?
Replies: 2
Views: 205

Re: Advisor fee in a 403b plan with Fidelity - is that required?

I told them I didn't want to have them manage the funds, so they said OK...but we have to have your wife confirm on the phone. So we went through the whole confirmation process and they said that they have confirmed that they have removed the management service. Probably not verbatim, but that's the...
by doss
Thu Nov 30, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor fee in a 403b plan with Fidelity - is that required?
Replies: 2
Views: 205

Advisor fee in a 403b plan with Fidelity - is that required?

Half a year ago I was looking at my wife's 403B Plan (Fidelity) and noticed that it was being "managed". So, I called in and told the broker to remove that service. They confirmed that they did. However, a few months later I'm looking at the plan STATEMENT for Quarter 3 of 2017 and noticed there's s...