Search found 166 matches

by doss
Fri Jun 22, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 36
Views: 2650

Re: How to calculate "fun money" per year?

I possibly made a mistake in my original calculations.

Does my original $125k AGI account for my 401k contributions (non Roth)?

So, hypothetically, if I deferred 18k (not Roth) to my 401k and I make 150k, my AGI would be $132,000 ?
by doss
Sun Jun 17, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 36
Views: 2650

Re: How to calculate "fun money" per year?

OP, I know I'm not ansewring your question but you stated you're not funding the HSA. Why? If you're eligible for an HSA account which is the best saving and investing instrument available, fund it. If you have to, reduce the 401K contribution enough to get the maximum match and use the difference ...
by doss
Sun Jun 17, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 36
Views: 2650

Re: How to calculate "fun money" per year?

I do have a monthly budget that we aim for in expenses. SO, here's a quick calculation I did to determine some kind of estimate for "left over money/fun money" to use for vacation: AGI = 125000 (last year's) 52800 = expenses (4400/mo) (on high side for us) 32500 = retirement contributions 24000 = (...
by doss
Sun Jun 17, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 36
Views: 2650

Re: How to calculate "fun money" per year?

I do have a monthly budget that we aim for in expenses. SO, here's a quick calculation I did to determine some kind of estimate for "left over money/fun money" to use for vacation: AGI = 125000 (last year's) 52800 = expenses (4400/mo) (on high side for us) 32500 = retirement contributions 24000 = (2...
by doss
Sun Jun 17, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 36
Views: 2650

Re: How to calculate "fun money" per year?

Do I use my prior year's adjusted gross income (AGI) as a starting point and then subtract my yearly retirement contributions from that, subtract expected monthly expenses, and then subtract monthly savings to get an estimated number for fun money ?
by doss
Sun Jun 17, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 36
Views: 2650

Re: How to calculate "fun money" per year?

The Wizard wrote:
Sun Jun 17, 2018 9:06 am
Use leftover money for Fun Money.
Leftover after pay yourself first for retirement investments...
What about savings and monthly expenses? If i use leftover after retirement....I could splurge and have nothing left over for monthly savings and expenses :mrgreen:
by doss
Sun Jun 17, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 36
Views: 2650

How to calculate "fun money" per year?

Hello BHs, can someone give me some advice on how to determine how much "fun money" we have, if any ? We want to take more vacations each year (this is the goal of the fun money), but I want to also be sure that we are saving up for retirement and big ticket items in the future. Here's what I have p...
by doss
Sun Jun 17, 2018 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Business tax ID number and Proof of current address - how to show?
Replies: 6
Views: 612

Re: Business tax ID number and Proof of current address - how to show?

Jablean wrote:
Tue Jun 12, 2018 2:27 pm
Were you able to call and see what they needed?
Yes, they just wanted me to send in my EIN letter from IRS.
by doss
Mon Jun 11, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Business tax ID number and Proof of current address - how to show?
Replies: 6
Views: 612

Re: Business tax ID number and Proof of current address - how to show?

Jablean wrote:
Sat Jun 09, 2018 3:33 pm
Did you apply with your SS number or with a business EIN? Read https://www.fundera.com/blog/business-c ... g-ein-only
I applied with a biz EIN.

I don't have a utility bill to show because I use a home office and the utility is in my personal name.
by doss
Sat Jun 09, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Business tax ID number and Proof of current address - how to show?
Replies: 6
Views: 612

Business tax ID number and Proof of current address - how to show?

I recently applied for a business credit card that went to "under review". I got a letter a week later asking for proof (documents dated from within the last 3 months) for the following: 1.) Federal tax ID number 2.) Proof of current business physical address I have 14 days to send those documents. ...
by doss
Fri Jun 01, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Financial setback stories
Replies: 21
Views: 3463

Re: Financial setback stories

I guess "low 6 figures" has a wide range. I was thinking $120,000. Congratulations to you!!!!! Dang, I did it again. I always say "low 6 figures" when I actually mean "low 100k" figures, lol. Specifically I'm at $150k. So, after taxes, that's not far off from 120k! And I live in a city where I have...
by doss
Fri Jun 01, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Financial setback stories
Replies: 21
Views: 3463

Re: Financial setback stories

In the mid 2000's (in my early 20's) I made mid 6-figures in real estate development and then subsequently lost it all when the market crashed. Good thing I had no debt of any kind, RE development was just a side hustle, and I already had an undergrad and MS degree. Towards the tail end of that exp...
by doss
Tue May 29, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: Please help with grocery budget
Replies: 51
Views: 4234

Re: Please help with grocery budget

Make sure that you are not counting non-food items such as diapers, baking pans, etc in your "food" bill. That scan skew it up pretty drastically. You may find that without those items, your grocery list may not be bad after all. Here's something I thought of...what if you just pick up the sales fly...
by doss
Sun May 27, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: Please help with grocery budget
Replies: 51
Views: 4234

Re: Please help with grocery budget

$69/week to feed a family of 4 dinner 3x a week via hellofresh.com. Fantastic restaurant quality meals. Now their algorithm is efficient and can design meals with leftovers for next days lunch, too!

Coupon.cancel. coupon. Cancel.
by doss
Fri May 25, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Expenses now are 50k a year...can I plan that for retirement?
Replies: 12
Views: 1213

Expenses now are 50k a year...can I plan that for retirement?

Hello Bogleheads! I'm using the Vanguard Retirement Income Calculator and trying to get an idea of how much income I'll need in retirement with a retirement age goal of 55-57. Currently, we have a toddler but plan to have another in the coming years, so I expect our expenses to increase. Right now o...
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: 764

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: 764

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: 59
Views: 4936

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: 764

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: 764

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: 764

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: 811

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: 811

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: 287

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: 3981

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: 9894

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: 32189

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: 3470

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: 402

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: 32189

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: 12890

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: 6778

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: 6778

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: 325

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: 2453

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: 2453

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: 2453

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: 1599

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: 2453

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: 313

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: 1599

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: 1116

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: 1116

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: 1116

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: 1596

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: 1596

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: 1596

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: 954

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: 954

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...