Search found 1268 matches

by Rainier
Sat Feb 17, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 77
Views: 3885

Re: Best plants to grow to save money for food costs

Marijuana.

Assuming it's legal in your state.
by Rainier
Tue Feb 13, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 21
Views: 2124

Re: Accountant not doing taxes while you are there

It takes us 8 months to do some tax returns.
by Rainier
Sat Feb 10, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Bank mailed individual 1099-INT and Combined 1099-INT
Replies: 6
Views: 432

Re: Bank mailed individual 1099-INT and Combined 1099-INT

Or file with the correct interest and if you get a notice send the IRS back a response explaining the difference. The IRS will believe you and reverse the notice.

Then fire your bank.
by Rainier
Fri Feb 09, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a way to figure 2018 taxes?
Replies: 18
Views: 2165

Re: Is there a way to figure 2018 taxes?

dbr wrote:
Fri Feb 09, 2018 9:53 am
I know a tax accountant who is still working 12 hour days to get answers to his clients for 2108. "Working on it" is not an exaggeration.
That's really sad. He should invest in some tax planning software. CS Planner is updated for 2018 tax laws.
by Rainier
Fri Feb 09, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Sell taxable investments to pay off loan?
Replies: 17
Views: 873

Re: Sell taxable investments to pay off loan?

If there is no tax this is a no brainer. It was an even bigger no brainer two weeks ago....where were you? I've been contemplating this for about a year, but the market kept going up and up and up... :oops: I recently liquidated most of my taxable portfolio to pay off my HELOC that had a floating r...
by Rainier
Fri Feb 09, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: CD Ladder or Treasuries ?
Replies: 17
Views: 1390

Re: CD Ladder or Treasuries ?

Look into TIPS (Treasury Inflation-Protected Securities). The inflation protection is important if your primary focus is to reduce risk. Re: CDs versus nominal treasuries, this is largely a yield question for me. I leaned toward CDs for a long time, but treasuries are starting to get comparably att...
by Rainier
Fri Feb 09, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Sell taxable investments to pay off loan?
Replies: 17
Views: 873

Re: Sell taxable investments to pay off loan?

If there is no tax this is a no brainer.

It was an even bigger no brainer two weeks ago....where were you?
by Rainier
Wed Feb 07, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: How to short TSLA?
Replies: 50
Views: 2638

Re: How to short TSLA?

Safest way is to buy puts.

That gives you the right to sell Tesla at a given price before a given date.
by Rainier
Wed Feb 07, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: Jogging in the cold.
Replies: 50
Views: 3494

Re: Jogging in the cold.

You lost me at "jogging,"

Didn't know people still use that term.
by Rainier
Wed Feb 07, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Amex Bluebird or request a second/third card
Replies: 8
Views: 525

Re: Amex Bluebird or request a second/third card

Number of times in my life I have driven away from home without my wallet.......4!

I'm 38, been driving since I was 16.

Don't leave home without your wallet.
by Rainier
Wed Feb 07, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1054

Re: Questions about reporting an internship with a 1099-MISC

If he ends up paying tax on this you are doing it wrong.

No way this $6,000 exceeded the expenses he incurred.

This is a not a W-2 job.
by Rainier
Wed Feb 07, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Two Foreign Currency Questions
Replies: 11
Views: 526

Re: Two Foreign Currency Questions

You may be right, actually. I think forex losses (not involving straddles and the like) are entered as negative numbers on line 21 of 1040. That's where I put it, and it seems to match with what I have read. In my case the loss was actually $50 and I may pass on taking it. Not sure it is worth the ...
by Rainier
Wed Feb 07, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Two Foreign Currency Questions
Replies: 11
Views: 526

Re: Two Foreign Currency Questions

Losses on 'personal' foreign currency transactions cannot be deducted. Foreign exchange transactions for a visit/stay abroad, or in preparation for a visit abroad, are personal transactions'. Not sure I agree, I am not taking a loss on the CHF that I spent. The CHF that I took out at the ATM and sp...
by Rainier
Wed Feb 07, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Two Foreign Currency Questions
Replies: 11
Views: 526

Re: Two Foreign Currency Questions

I should call Fidelity to fully understand. They do not charge to hold the CHF, I have held a very small amount there the past 3 years and have never been charged. Which makes me wonder if I am really holding CHF. I would be covered by SIPC insurance for my holdings I believe, no different from my o...
by Rainier
Wed Feb 07, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Investment ideas for my Saturna HSA
Replies: 3
Views: 177

Re: Investment ideas for my Saturna HSA

I bought a Vanguard balanced fund at Saturna. I reinvest the dividends once a year to cut down on costs.
by Rainier
Wed Feb 07, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Two Foreign Currency Questions
Replies: 11
Views: 526

Re: Two Foreign Currency Questions

Thank you. I will read through these links.

iShares has an SMI 25 index ETF, EWL. I own a small amount of this.

Why Everbank over a holding Swiss Francs at Fidelity? I supposed I get the FDIC at Everbank and maybe a slightly better exchange rate...maybe. But I already have a Fidelity account.
by Rainier
Wed Feb 07, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Two Foreign Currency Questions
Replies: 11
Views: 526

Two Foreign Currency Questions

I have two questions about foreign currency (foreign accounts): First - Using simple rounded numbers. In anticipation of a trip to Switzerland I purchased 1,000 CHF in my Fidelity account for $1,050 to lock in the cost of the trip. When I arrive in Switzerland 6 months later I withdraw 1,000 CHF fro...
by Rainier
Mon Jan 08, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Child Care Credit - 2018
Replies: 6
Views: 773

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: 773

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: 773

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: 773

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: 3889

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: 886
Views: 51031

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: 124
Views: 12680

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: 886
Views: 51031

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: 886
Views: 51031

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: 3027

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: 7192

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: 7192

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: 3841

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: 6573

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: 689

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: 5706

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: 5706

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: 37336

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: 4750

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: 5150

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: 5150

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: 6752

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: 8344

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 get ...
by Rainier
Fri Aug 19, 2016 2:14 pm
Forum: Personal Consumer Issues
Topic: DIY Invisible Dog Fence
Replies: 11
Views: 992

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 block the drivew...
by Rainier
Fri Aug 19, 2016 9:47 am
Forum: Personal Consumer Issues
Topic: DIY Invisible Dog Fence
Replies: 11
Views: 992

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: 1829

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: 3872

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: 12254

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 policies so th...
by Rainier
Fri Jul 08, 2016 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: FUSEX daily return 7/8
Replies: 5
Views: 468

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: 1518

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: 1924

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: 3014

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: 1756

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?