Search found 1251 matches

by Rainier
Mon Jan 08, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Child Care Credit - 2018
Replies: 6
Views: 732

Re: Child Care Credit - 2018

That fixed it...I had to enter a "2" in the children under 17 box as well as a "2" in the under 13 box.

Thanks, this spreadsheet is awesome, btw.
by Rainier
Sun Jan 07, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Child Care Credit - 2018
Replies: 6
Views: 732

Re: Child Care Credit - 2018

FiveK wrote:
Sun Jan 07, 2018 4:40 pm
Rainier wrote:
Sun Jan 07, 2018 4:39 pm
But when looking at the spreadsheet not sure why I am only getting $2000 for the Child Tax Credit instead of $4,000. I have two kids under 13 with AGI under $200k.
What number do you have in cell G5?
2 (and 2 in G3)
by Rainier
Sun Jan 07, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Child Care Credit - 2018
Replies: 6
Views: 732

Re: Child Care Credit - 2018

In 2017 I was getting a 20% credit for $6,000 in expenses (>1 kid) that exceeded our FSA deduction. For example in 2017, we had $6,000+ in qualified expenses. $4,000 was covered from our FSA. Our credit would be $400 ($2,000 x 20%). Don't know if it is correct, but that is what the personal finance...
by Rainier
Sun Jan 07, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Child Care Credit - 2018
Replies: 6
Views: 732

Child Care Credit - 2018

I've seen plenty of information about the child tax credit for 2018 (up from $1,000 prior to $2,000 per child with higher income limits) but I have not seen anything about changes to the child care credit. Are there any changes for 2018? In 2017 I was getting a 20% credit for $6,000 in expenses (>1 ...
by Rainier
Sun Dec 24, 2017 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Kiddie Tax 2018
Replies: 7
Views: 2465

Kiddie Tax 2018

I understand the tax on a child's investment income will be taxed more like a trust in 2018 with the new law.

Does anyone know if there is an exemption/deduction that will be available where a certain amount of income will not be taxed? In 2017, $2,100 was the amount i believe.
by Rainier
Fri Dec 22, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48469

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

Please note that we are merging duplicate threads here. If something looks out of place, check the post title, it may be from a merged thread. Another thing, we made an exception to our rule that laws must be enacted before they can be discussed in order to give people a chance to figure out if the...
by Rainier
Thu Dec 21, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 110
Views: 10985

Re: Confusion about prepaying property taxes

You can't take a deduction where there is no liability yet. Under old or new law.

If you prepay where there is no bill yet issued many towns will return your check as they cannot accept it.
by Rainier
Wed Dec 20, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48469

Re: Tax Bill Omnibus Thread

Does the estate tax provision expire in 10 years? If it does, then this temporary provision is quite meaningless, as most people don't plan to die within certain time window, and people would still have to assume that current limits return in 10 years. Incorrect, you can transfer the money to a tru...
by Rainier
Wed Dec 20, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48469

Re: Tax Bill Omnibus Thread

So my impression of the comments here is that property taxes are NOT part of "SALT". Is my understanding correct? It is only state and local INCOME taxes that are capped? SALT definitely includes property tax. Separate from that, the new law prohibits prepaying only state income taxes, but not prop...
by Rainier
Thu May 11, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Are bank test deposits taxable?
Replies: 22
Views: 2929

Re: Are bank test deposits taxable?

Seriously, is this a joke?
by Rainier
Fri May 05, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 7105

Re: Buffett/IBM

Can you say IRRELEVENT. Yep IBM is just another company with nothing special to offer and no great products to sell. Do you remember Compaq or Univac or Digital? They were great computer companies back when. Now they are gone. IBM is all set to go the same way. They are selling a little service and...
by Rainier
Fri May 05, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 7105

Re: Buffett/IBM

JoMoney wrote:Did the reason you bought the stock change? Is the reason you bought it to try and ride Buffett's coat tails?
Read the OP....
by Rainier
Fri May 05, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in Vanguard's Wellesley Income fund for 10 years to buy car
Replies: 22
Views: 3752

Re: Investing in Vanguard's Wellesley Income fund for 10 years to buy car

Where are the real answers?

Who plans to buy a car 10 years out? Who sticks to that plan?

Retirement, yep. College savings, sure. A car? 10 years is a long time to think about a car.
by Rainier
Thu May 04, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Please poke holes in my tax strategy
Replies: 38
Views: 6502

Re: Please poke holes in my tax strategy

Sounds like what we do except for a couple of minor points: 1. We don't keep $4K in checking and 2. Our tax-advantaged accounts are not 100% fixed income, but have plenty of equities, too. Next week, I will have to sell some equities in my taxable account to pay a credit card bill. I just invested ...
by Rainier
Tue May 02, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Investment to Pay Down HELOC
Replies: 6
Views: 671

Sell Investment to Pay Down HELOC

Revisiting a common topic and looking for some thoughts. HELOC - $56,000 at prime minus 25bps Taxable Investments - $80,000 with roughly $50k in LTCG, concentrated in 8 positions. Emergency Fund - None, paid down HELOC previously and used taxable investments as an EF If I keep my Berkshire Hathaway ...
by Rainier
Fri Mar 24, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: Car Dealer Forgot to Charge Sales Tax - Ouch
Replies: 39
Views: 5480

Re: Car Dealer Forgot to Charge Sales Tax - Ouch

Duh....the dealer ended up paying the sales tax, out of their pocket . You don't get a registration in my state unless the sales tax has been paid. I have a registration this point. A dealer based in CT can't just skip withholding CT sales tax, like if they could if it was sold to an out of state re...
by Rainier
Fri Mar 24, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Car Dealer Forgot to Charge Sales Tax - Ouch
Replies: 39
Views: 5480

Car Dealer Forgot to Charge Sales Tax - Ouch

Big ouch for the car dealer it turns out. Last weekend my wife was tasked with trading in our two cars for two new cars at the same dealer. She had no restrictions other than to get to a "net" purchase price after the trade-ins. She wanted to wrap everything up on Saturday but I was out of state wit...
by Rainier
Sat Oct 22, 2016 6:59 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 36961

Re: Larry Swedroe's latest market returns forecast

Anyone who thinks valuation doesn't matter can buy my house. Price is $2m. 3 beds, 2.5 baths, great schools. Nothing else matters, cause you're never selling.
by Rainier
Sat Sep 17, 2016 5:08 am
Forum: Investing - Theory, News & General
Topic: Is Warren Buffett the ultimate free rider?
Replies: 23
Views: 4726

Re: Is Warren Buffett the ultimate free rider?

Shares were split long before 2010 when somebody attempted to form a sort of BRK mutual fund that would allow smaller investors to own a piece. I think that was 30 for 1. They split again in 2010 as part of the BNSF deal so he could pay with shares and not have so many fractional shares / cash outs....
by Rainier
Sun Sep 11, 2016 6:30 am
Forum: Personal Consumer Issues
Topic: Breaking the iPhone cycle - Any Macbook users with Android Phones?
Replies: 49
Views: 5118

Re: Breaking the iPhone cycle - Any Macbook users with Android Phones?

I'm breaking the cycle this year, but I am not going to Android. Google Fi and Nexus 5x were really tempting but I am going to stay with my iPhone 6 until the battery becomes unbearable then I will move the the 6s or if it lasts long enough the 7 (assuming the 7s is out). As of September 12th my fa...
by Rainier
Fri Sep 09, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: Breaking the iPhone cycle - Any Macbook users with Android Phones?
Replies: 49
Views: 5118

Re: Breaking the iPhone cycle - Any Macbook users with Android Phones?

I'm breaking the cycle this year, but I am not going to Android. Google Fi and Nexus 5x were really tempting but I am going to stay with my iPhone 6 until the battery becomes unbearable then I will move the the 6s or if it lasts long enough the 7 (assuming the 7s is out). As of September 12th my fam...
by Rainier
Fri Aug 26, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: Schwab now offering low cost Target Date funds
Replies: 28
Views: 6494

Re: Schwab now offering low cost Target Date funds

Is the 13bps or 8bps on top of the ETF fees?
by Rainier
Fri Aug 26, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 8269

Re: Homeowners should consider flood insurance

I live on a hill in San Francisco. I don't worry about too much rain. I worry about getting enough rain! I thought the same thing, my house is nice and high. My house took on 31" of water last week, my elevation certificate says I am several feet over the 100 year flood plain. The water didn't...
by Rainier
Fri Aug 19, 2016 2:14 pm
Forum: Personal Consumer Issues
Topic: DIY Invisible Dog Fence
Replies: 11
Views: 973

Re: DIY Invisible Dog Fence

Thanks, I know the setup for the wired systems. It does seem easy to do. We did our driveway two years ago and I laid down some 1" conduit in anticipation of installing a fence so I don't need to cut the driveway. I actually just bought all the stuff to do my two wireless "rocks" to b...
by Rainier
Fri Aug 19, 2016 9:47 am
Forum: Personal Consumer Issues
Topic: DIY Invisible Dog Fence
Replies: 11
Views: 973

DIY Invisible Dog Fence

We have a fully fenced in yard...except for a 12' driveway opening. There is a gate across the opening but we would like to get to the point where we can let the dog out (to pee at night) without closing the gate every time. It is not a huge deal to close the gate, but it is our active driveway and ...
by Rainier
Fri Jul 22, 2016 5:39 am
Forum: Personal Consumer Issues
Topic: Cinque terre in September....
Replies: 18
Views: 1801

Re: Cinque terre in September....

I was there in mid September and the weather was great. Warm days, comfortable evenings.....Take me back.
by Rainier
Wed Jul 13, 2016 8:54 pm
Forum: Investing - Theory, News & General
Topic: What if the fed never raises rates?
Replies: 23
Views: 3851

Re: What if the fed never raises rates?

The fed doesn't have to raise rates!

The market could stop buying bonds and rates will rise.

Stop thinking the fed is in control, the market rules, not the fed.

Just remember the market can remain irrational longer than you can stay solvent.
by Rainier
Wed Jul 13, 2016 8:50 pm
Forum: Personal Consumer Issues
Topic: Car totaled, no collision insurance
Replies: 78
Views: 11791

Re: Car totaled, no collision insurance

"I figured if the insurance company was making money, I was better off insuring myself." Not to be too hard on you, BusySnevi, but I don't think understand this way of thinking. What does the insurance company making money have to do with anything? They spread their risk over lots of poli...
by Rainier
Fri Jul 08, 2016 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: FUSEX daily return 7/8
Replies: 5
Views: 461

Re: FUSEX daily return 7/8

Ex dividend date?
by Rainier
Fri Jul 08, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to give money to people and get a tax deduction?
Replies: 12
Views: 1503

Re: How to give money to people and get a tax deduction?

You can't give money to individuals and get a tax deduction....those are called gifts.

You can give to a charity that helps people and get a deduction.

How large is your estate? if over $10m then giving away tax free gifts is like getting a deduction as you avoid estate taxes when you die.
by Rainier
Fri Jul 08, 2016 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Selling municipal bonds before maturity
Replies: 21
Views: 1840

Re: Selling municipal bonds before maturity

I would hold them, the coupons are likely far above the market rate.

Very likely you will get a poor price if you sell them.
by Rainier
Fri Jul 08, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: International Stock has hurt me
Replies: 15
Views: 3006

Re: International Stock has hurt me

International is the only place to find any value these days. I'm buying more.
by Rainier
Mon Jul 04, 2016 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Reducing cash reserves and restructuring emergency funds
Replies: 10
Views: 1749

Re: Reducing cash reserves and restructuring emergency funds

You could go from 1 bps to 100 bps just by moving the cash from checking/vg money market to a high yield savings account.

At the very least, why not do that?
by Rainier
Mon Jul 04, 2016 6:31 am
Forum: Personal Finance (Not Investing)
Topic: TDBank promo just started easy $600
Replies: 109
Views: 18294

Re: TDBank promo just started easy $600

My wife and I had an account there many years ago under joint name. I wonder if we can do this individually.
by Rainier
Mon Jul 04, 2016 6:29 am
Forum: Personal Consumer Issues
Topic: Anyone fly drones?
Replies: 10
Views: 1351

Re: Anyone fly drones?

I have a Yuneec Q500+. I bought a couple cheaper ones first to learn how to fly (a $35 one and a $95 one). The Yuneec is obviously much easier to fly being gps controlled and gyroscopically stabilized. The cheaper ones don't need to be registered as they are well under the FAA weight limit (obviousl...
by Rainier
Thu Jun 30, 2016 7:00 pm
Forum: Investing - Theory, News & General
Topic: Equities = musical chairs?
Replies: 93
Views: 5366

Re: Equities = musical chairs?

It is not pessimism, sounds more like ignorance, particularly in math and business. A total misunderstanding of what stocks actually are.

If the market presented an opportunity to buy all of Apple's stock for $1,000 wouldn't that be a good deal?
by Rainier
Thu Jun 30, 2016 6:44 pm
Forum: Personal Consumer Issues
Topic: Favorite ski resort
Replies: 61
Views: 4790

Re: Favorite ski resort

Nonstop flight to SLC. Airport rarely has winter weather issues. 35 minute drive to Park City. No altitude issues, easy for everyone and consistently good snow.
by Rainier
Wed Jun 29, 2016 8:21 pm
Forum: Personal Consumer Issues
Topic: Favorite ski resort
Replies: 61
Views: 4790

Re: Favorite ski resort

Where is the OP? honestly, this is a loaded question,like what is the best beer. Bridget Bowl? Hardly a resort, great skiing,but not a resort. Poconos? Comparing skiing in the west to the poconos is criminal. Keystone? Really? It's like Vermont skiing in CO What are you looking for? Deep snow? Chall...
by Rainier
Fri Jun 24, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Credit card transaction treated as a cash advance
Replies: 20
Views: 3703

Re: Credit card transaction treated as a cash advance

So some people pay this in person and others pay through their airline ticket? How does the passport control agent know?
by Rainier
Fri Jun 24, 2016 4:59 am
Forum: Personal Finance (Not Investing)
Topic: Credit card transaction treated as a cash advance
Replies: 20
Views: 3703

Re: Credit card transaction treated as a cash advance

Like you, I am astonished this would be a cash advance, and I would also be upset. Under what possible logic would this be a cash advance? Cash advances are for charging cash equivalents like money orders. I don't get this at all. Try complaining to your state attorney general's office of consumer ...
by Rainier
Fri Jun 24, 2016 4:45 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 13197

Re: International stocks in free fall

munemaker wrote:Ignore the noise.


Are you suggesting that buying at inflated prices is better?

Do you insist on paying full price for goods or do you prefer sales?
by Rainier
Fri Jun 24, 2016 4:43 am
Forum: Investing - Theory, News & General
Topic: don't deal in GBP pound sterling today (June 23 2016)
Replies: 46
Views: 4503

Re: don't deal in GBP pound sterling today (June 23 2016)

Valuethinker, I frequently hear that trade will be disrupted as a result of Brexit. Is there any reason the UK can't continue to trade with the rest of the EU and others, even in the absence of formal trade agreements? Can't they just trade? The EU required free migration. What restrictions are the...
by Rainier
Fri Jun 24, 2016 4:36 am
Forum: Personal Finance (Not Investing)
Topic: Credit card transaction treated as a cash advance
Replies: 20
Views: 3703

Re: Credit card transaction treated as a cash advance

You are going to give up credit cards for maybe $12 in fees and interest because you didn't read about the departure tax? First, has nothing to do with your particular card. Second, go complain to the Costan Rican government for your $12 back, report back on how that goes please. Third, next time yo...
by Rainier
Fri Jun 24, 2016 4:27 am
Forum: Investing - Theory, News & General
Topic: don't deal in GBP pound sterling today (June 23 2016)
Replies: 46
Views: 4503

Re: don't deal in GBP pound sterling today (June 23 2016)

Great day to be on vacation in London for an American.

Horrible day to be on vacation in New York for a Briton.
by Rainier
Fri Jun 24, 2016 4:04 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 13197

Re: International stocks in free fall

denovo wrote:Stocks are on sale!


Today maybe, but for the week most are flat
by Rainier
Sun May 15, 2016 5:47 pm
Forum: Investing - Theory, News & General
Topic: "Can Anything Stop Vanguard?"
Replies: 50
Views: 8852

Re: "Can Anything Stop Vanguard?"

Nothing can stop vanguard!

The Titanic is unsinkable!

Housing never goes down!
by Rainier
Sun May 15, 2016 5:38 pm
Forum: Investing - Theory, News & General
Topic: I Bond rates for May 1 announced
Replies: 69
Views: 13202

Re: I Bond rates for May 1 announced

Mel Lindauer said: Many folks also worry about how their heirs will be able to deal with TD. Why is that people worry about how heirs will be able to deal with TD? What's the issue? Many investors have spouses and offspring who are not into investing; consequently, they would not be familiar with t...
by Rainier
Thu May 12, 2016 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 9642

Re: Should I hold on to my Apple stock?

How soon until Google becomes the largest portion of VTI?
by Rainier
Thu May 12, 2016 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 4793

Re: selling classic car - tax?

I seriously doubt your sale will exceed the cost of storing and improving this investment.

The purchaser will not be sending you a1099-b
by Rainier
Mon May 09, 2016 11:49 am
Forum: Personal Consumer Issues
Topic: 4 Days in Iceland - May 2016
Replies: 44
Views: 5247

Re: 4 Days in Iceland - May 2016

Would I get any deals by bringing USD and using to pay at small B&Bs or farm-stays? Wouldn't they rather have USD in cash versus ISK in their bank accounts? Even if they did, would the discount be big enough to matter? Risks on my end are low, other than physically losing it. If they don't take ...