Search found 177 matches

by fnmix
Sun Dec 10, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Fed Income and Social security taxes with two jobs
Replies: 3
Views: 396

Re: Fed Income and Social security taxes with two jobs

Do the TT and H&RB forms have the correct amount on line 71? Building on FiveK's response, did you put your expected 2017 numbers in an one employer or two? Hi FiveK and istone19 I had input information into TT as two different employers. However I was overwriting information from my 2016 returns t...
by fnmix
Sun Dec 10, 2017 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Fed Income and Social security taxes with two jobs
Replies: 3
Views: 396

Fed Income and Social security taxes with two jobs

Hello, I am hoping that someone can help me with a tax withholding question. Background: I had two jobs in 2017. The nature of my compensation for the two jobs was such that I was just above the social security cut-off of $127,200 in both jobs I am married and file taxes jointly with my wife My wife...
by fnmix
Wed Nov 01, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 help; 529 super-funding mistake
Replies: 11
Views: 800

Re: IRS Form 709 help; 529 super-funding mistake

There may be a difference between community and non-community states since the IRS form instructions only mention community property states which I believe you are (were) in. Your link talks about separate checks for H/W which I'm hoping you don't have to do in community property states. btw..........
by fnmix
Wed Nov 01, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 help; 529 super-funding mistake
Replies: 11
Views: 800

Re: IRS Form 709 help; 529 super-funding mistake

Hi fnmix, I believe that if you file a 709 for the 2016 gift to DS2 you will also have to include 2016 gifts to DS1. The 709 reports all gifts from you (and/or wife) to all recipients even though they may have been below the limits. I think I would just file a 2016 709 reporting all gifts to DS1 an...
by fnmix
Wed Nov 01, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 help; 529 super-funding mistake
Replies: 11
Views: 800

Re: IRS Form 709 help; 529 super-funding mistake

Google "Obama Form 709" and download the former president's professionally prepared Form 709 as an exemplar. This helped me tremendously. Thank you very much for this Buffetologist. I found a copy of the former president's 2008 700 (filed in 2009) at http://i2.cdn.turner.com/cnn/2009/images/04/15/o...
by fnmix
Wed Nov 01, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 help; 529 super-funding mistake
Replies: 11
Views: 800

Re: IRS Form 709 help; 529 super-funding mistake

From the instruction for F709: If a gift is of community property, it is considered made one-half by each spouse. For example, a gift of $100,000 of community property is considered a gift of $50,000 made by each spouse, and each spouse must file a gift tax return **********************************...
by fnmix
Tue Oct 31, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 help; 529 super-funding mistake
Replies: 11
Views: 800

Re: IRS Form 709 help; 529 super-funding mistake

This might be a good time to consult with a CPA. However, I don't think a 709 is required for 2013. It looks to me like you and your wife each gave DS1 $9,625 each. Possible in the form of one check for convenience. You may need to file a 709 for 2016. LL Hi Lucky Lemon Thanks for taking a look. I ...
by fnmix
Tue Oct 31, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 help; 529 super-funding mistake
Replies: 11
Views: 800

Re: IRS Form 709 help; 529 super-funding mistake

Hello, Perhaps my original question was too long-winded. Let me ask a simpler Form 709 question: If all I am doing is putting away between $14K and $28K in a 529 for a single beneficiary, what sections of Form 709 do I need to fill out in order to record this "gift" as a "gift split" between myself ...
by fnmix
Fri Oct 27, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 help; 529 super-funding mistake
Replies: 11
Views: 800

IRS Form 709 help; 529 super-funding mistake

Hello All, Due to forgetfulness, lack of proper attention and variable income through the past few years, I have messed up super-funding 529s for my sons :oops: . I would appreciate your review of my mitigation plan below Situation: DS1 529 contributions: 2011 - $12,000, 2012 - $13,000, 2013 - $19,2...
by fnmix
Wed Oct 25, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA at Vanguard throwing an error
Replies: 5
Views: 378

Re: Backdoor Roth IRA at Vanguard throwing an error

When you first add a bank account to an investment account at Vanguard, the funds take longer to settle. You can buy with the new funds from a new bank account within the investment account right away, but you cannot transfer money or funds to a different account until the funds have settled. Expla...
by fnmix
Wed Oct 25, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA at Vanguard throwing an error
Replies: 5
Views: 378

Re: Backdoor Roth IRA at Vanguard throwing an error

Cherijoh, Celia - thanks for your responses.

I would have sworn the whole process went faster back when I did it in 2013 - 2014. Perhaps my memory is failing :|
by fnmix
Wed Oct 25, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA at Vanguard throwing an error
Replies: 5
Views: 378

Backdoor Roth IRA at Vanguard throwing an error

Hi All, Anybody see the error “ The amount you entered exceeds the fund’s balance ” on Vanguard? Background: It’s been three years since (DW and) I did a Backdoor Roth IRA and admittedly I am out of practice. In the meantime, some of Vanguard’s screens and processes may have changed. To do a backdoo...
by fnmix
Sat Oct 14, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Pay-off Car Loan or Pay-down Mortgage?
Replies: 21
Views: 3048

Re: Pay-off Car Loan or Pay-down Mortgage?

Thanks for the follow-up report, and congrats! :sharebeer Thank you again JuipterJones You wiped out $180K of debt in 2 years. Kudos to you and thanks for the update, very inspiring. :sharebeer Thank you ze233. I found that the combination of LBYM while shooting for a goal is very powerful. Strange...
by fnmix
Thu Oct 12, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Pay-off Car Loan or Pay-down Mortgage?
Replies: 21
Views: 3048

Re: Pay-off Car Loan or Pay-down Mortgage?

It's been ~2 years since the original post on this thread and ~1 years since I paid off the car - based on the discussion on this thread. I am happy to report that I have now paid off the house as well. I am debt free, with the exception of credit cards that I pay off at the end of each month. It is...
by fnmix
Sun Oct 08, 2017 7:29 pm
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2556

Re: What to do with unused paint?

Tim - is it legal to do this where (State, county) you live? States/Counties have various guidelines for paint. In California, putting paint in household trash is illegal - at least as I understand the rule (http://www.calrecycle.ca.gov/homehazwaste/info/). In Maryland, at least in some counties, th...
by fnmix
Fri Oct 06, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

<SNIP> The Bay Area is home to a high % of cutting edge tech jobs & companies, but a lower % of super-smart 18 or 22 year olds. For discussion's sake, let's say the first number is 30%, and the second number is 3%. So for the Bay Area to maintain its dominance, long term, then a lot of those ~97% o...
by fnmix
Fri Oct 06, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

Yeah people rationalize. But that is not unique to the bay area. Back when I worked on the east coast more than a decade ago, my colleagues and friends rationalized that they should stay in the area and not pursue a (seemingly) more exciting career in silicon valley because California was expensive ...
by fnmix
Fri Oct 06, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

No Bentonville was not an obvious center. But Sam Walton was from the area and started with a single store after the second world war. Over time, with grit and luck his enterprise (now Walmart) beat out other general merchandise companies such as Sears (Chicago) and Kmart (Memphis). That Walmart wou...
by fnmix
Fri Oct 06, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

The post below understates the underpinnings of technology centers. If anybody wants to go back and understand the history of silicon valley, check out some of the material put out by Steve Blank. The east coast tech powerhouses like IBM and ATT/Lucent/Bell-Labs date to before the second world war. ...
by fnmix
Thu Oct 05, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

Yeah - hard to put full faith in these numbers without running the numbers oneself. That said, NYTimes reports something very similar about NYC: “Someone puts in an all-cash offer and takes their liquid assets to buy the property for all cash, and then gets preapproval for a loan,” said Bradley Waym...
by fnmix
Thu Oct 05, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

And really the return on real estate is just icing on the cake. The real return of buying in the Bay Area is to be able to live and work here. It is investing in the return on your own talent and work. Sure, you can rent but the cost of owning over a 10-20 year period has been cheaper than renting....
by fnmix
Thu Oct 05, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

Comparing San Francisco (http://www.jackandpatty.com/2016/03/03/how-common-are-all-cash-sales-in-san-francisco/) to New York City (https://www.nytimes.com/2016/07/24/realestate/buy-it-with-cash-mortgage-it-later.html): San Fransico all cash offers ~37%, NYC All cash offers ~44%. Different, but not d...
by fnmix
Wed Oct 04, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

Interest rates going up is not exactly a black swan event. As prices go up, and higher interest rates make mortgages more expensive, the demand part of the equation will decrease. <SNIP> In the context of this thread, there is nothing special about the Bay Area wrt interest rates. Sure the interest...
by fnmix
Wed Oct 04, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

I don't think the emphasis here is on "always" for appreciation. Practically nobody can look ahead 200 years. it is very unlikely that a single country's stock index is guaranteed (or even has a high likelhood) to perform well over that period. Just like it is very unlikely that a single geo is goin...
by fnmix
Wed Oct 04, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Helping friend with 401k rollover to Vanguard
Replies: 9
Views: 777

Re: Helping friend with 401k rollover to Vanguard

Apologies for a delayed followup. If choosing a target retirement (life strategy fund), your friend should start with thinking about the year that he is going to retire and investigate the appropriate fund (e.g. https://personal.vanguard.com/us/funds/snapshot?FundId=0305&FundIntExt=INT if the retire...
by fnmix
Wed Oct 04, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

While Stanford and Berkeley are major contributors (I have an affiliation with one of these), there are other educational institutions that have contributed over the years: UC Davis (Agg technology), UCSF (Medical advances), UC Hastings (Law), Santa Clara University (oldest operating institute in Ca...
by fnmix
Wed Oct 04, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

Here is some color from a local paper: http://www.mercurynews.com/2017/06/16/san-jose-area-job-market-bounces-back-bay-area-slumps/ My $.02 on this: the bay area is at (or close to full employment). Statistically there are atleast some layoffs, shutdowns and voluntary resignations all the time. With...
by fnmix
Wed Oct 04, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

From the chart in one of the links earlier (https://www.paragon-re.com/trend/3-recessions-2-bubbles-and-a-baby), the 1988 price index was 52. The Price index in 2017 is 226. That is 4.3x over 30 years. So it is not quite doubling over 7-10 years. While one can not expect the same performance from re...
by fnmix
Wed Oct 04, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

Sure - I overstated to make a point. That said, home prices in the bay area are not about the structure. They are about the land/location. A 1000 Sq ft structure varies significantly less between locations in a country than the underlying value of the land/location. Buying a house in the bay area is...
by fnmix
Wed Oct 04, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

You nailed it FrugalProfessor. I started out 6.5 years ago at ~1.25% tax rate. My house price has close to doubled and my effective tax rate is now ~0.65%. The actual dollar cost to me still feels high but as the years go by and the property tax each year (flow) is a smaller and smaller portion of m...
by fnmix
Wed Oct 04, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

Ofcourse a black swan like event can happen in the bay area. It can also happen anywhere in the world. No geography is 100% safe. There is a difference between a large metro having a concentration of one large sector with notable amounts of other sectors vs the large metro area being a one industry ...
by fnmix
Sun Oct 01, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Helping friend with 401k rollover to Vanguard
Replies: 9
Views: 777

Re: Helping friend with 401k rollover to Vanguard

(1) Your friend should look at a target retirement (aka lifestrategy) fund. He/She should also consider a three-fund-portfolio (see https://www.bogleheads.org/wiki/Three-fund_portfolio). The choice depends on what other assets he has (e.g. taxable brokerage account) (2) Rollover should have no tax c...
by fnmix
Fri Sep 29, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

Hardly a one industry town. There is plenty of Healthcare and SLED (State and Local Govt's and Education in the area). Have a look at top employers in various counties: Santa Clara http://www.labormarketinfo.edd.ca.gov/majorer/countymajorer.asp?CountyCode=000085 San Mateo http://www.labormarketinfo....
by fnmix
Fri Sep 29, 2017 1:34 pm
Forum: Investing - Theory, News & General
Topic: The Four Pillars of Investing – today’s Kindle daily deal
Replies: 10
Views: 1557

Re: The Four Pillars of Investing – today’s Kindle daily deal

For those who don’t have William Bernstein’s book “The Four Pillars of Investing”, you can get a Kindle copy today for $1.99. One of my favorite investing books. Thank you. Bought it. I have the older "The Intelligent Asset Allocator" from many years ago. Plan to read this one on a plane or similar...
by fnmix
Fri Sep 29, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7982

Re: 3 stages of Financial Independence

Good descriptions indeed. I think I am on the verge of (1) below. If I were to sell my house off and move to a HCOL or LCOL from my VHCOL, I expect that I would be close to (3). Current plan is to continue with my job for as long as I like it (and right now I do like it), which will put me in (2) af...
by fnmix
Thu Sep 28, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 15365

Re: Bay Area Real Estate

I live in the East Bay (Oakland), and in spite of whatever the problem-of-the-day is (construction noise, homelessness, earthquakes, problems with public schools, protests, we're gonna fall into the San Francisco Bay), I love it here. :sharebeer I lived in Oakland for several years before a changed...
by fnmix
Sat Sep 23, 2017 11:02 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 12507

Re: Account security - Hackers gain access to mobile and then break havoc

Or one can have one well defended account for each major financial use case. For example: - Bank account with large bank for CDs/savings/checking; with enough funds to go 6mos - 1yr (2fa, strong passwords etc) - Account with major brokerage firm for all retirement savings (2fa, strong passwords etc)...
by fnmix
Tue Sep 19, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Is there any lower-cost alternative to Irish-domiciled equity funds? [+ asset allocation advice for Singapore]
Replies: 9
Views: 600

Re: Asset Allocation advice [Singapore]

hello head boggled, what I am saying is that it is probably worth figuring out your long-term simplest-possible asset allocation first and once you have done that optimize for ER. if the asset allocation that you have in your original post is the simplest you can do, then by all means get the lowest...
by fnmix
Mon Sep 18, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Is there any lower-cost alternative to Irish-domiciled equity funds? [+ asset allocation advice for Singapore]
Replies: 9
Views: 600

Re: Asset Allocation advice [Singapore]

Understood. I would still recommend using a smaller number of funds than in your original post to help with long-term maintenance of your portfolio. Just to highlight: ~6 years ago I started with ~8 funds (due to various adhoc historical decisions I had taken). As my investing philosophy became clea...
by fnmix
Mon Sep 18, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Is there any lower-cost alternative to Irish-domiciled equity funds? [+ asset allocation advice for Singapore]
Replies: 9
Views: 600

Re: Asset Allocation advice [Singapore]

headboggled, I assume that you are a Canadian citizen. Can you confirm? I recommend that you simply your stock portfolio to 1 or 2 ETFs. I also recommend that you simplify your bond portfolio to a single ETF. The final portfolio could be something like 80% VWRD and 20% SAAA. Thus portfolio mimics th...
by fnmix
Thu Sep 14, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good idea?
Replies: 26
Views: 2173

Re: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good ide

Hi in_reality Thank you for taking the time to reply. I am note sure what is wrong with PM. I look at all the settings and they appear fine. I am not a heavy PM user so can't quite say what is "normal" for PM to work. Anyways, your remarks are right on and match what I found pretty closely. Between ...
by fnmix
Thu Sep 14, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good idea?
Replies: 26
Views: 2173

Re: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good ide

Hi Jamismo, Just curious if you were able to get this to a conclusion. I.e. did you go with Schwab One International or with Interactive brokers? And were you able to set up your account to buy Ireland domiciled ETFs? Would love to hear your experience with either entity. Aaa, sorry. I can see it wh...
by fnmix
Thu Jul 06, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 192
Views: 14264

Re: Seeking advice on 1.2m house purchase

Company is located at the triangle intersection of 85, 101, and 237 (Sunnyvale). I currently am renting in Sunnyvale (near Apple). Since there's nothing under 1M in my area, I've been looking at longer commutes (Campbell, San Jose, Fremont, East Palo Alto, etc.). No work from home options officiall...
by fnmix
Mon May 15, 2017 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1496

Re: Negotiating job responsibilities

In my 50 years experience at two Megacorps, I think that they will use you in whatever position they think that they need you. I don't know that you can control this as most corporations go through frequent reorganizations. I remember one colleague who told me that he was hired for a particular rol...
by fnmix
Sun May 14, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1496

Re: Negotiating job responsibilities

Aside from setting expectations upfront as much as possible (which is not complicated, just standard interview stuff) I'd just try to add as much value as possible in strategy once you join and make yourself so indispensable in that role that they wouldn't dream of taking you away from it. Great po...
by fnmix
Sat May 13, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1496

Re: Negotiating job responsibilities

https://www.youtube.com/watch?v=de_P2aUZJyA Hilarious! Pajamas - your post did make me refocus my attention on what I found attractive about the company and the role in the first place. Thanks to this thread, I have a small plan in place: Reconfirm the job responsibilities Reaffirm my interest and ...
by fnmix
Sat May 13, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1496

Re: Negotiating job responsibilities

I would assume that this was talked about in detail in the interview process. Just have a frank discussion with them to reconfirm the situation that you expect to be in. Hi Watty. Always good to hear your thoughts. The interview process was a bit complicated by the fact that the employer's requirem...
by fnmix
Sat May 13, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1496

Re: Negotiating job responsibilities

8foot7 wrote:I hate it when I interview for things and my excellence just oozes out involuntarily.
My apologies if you found my note offensive 8foot7. I have replaced some business jargon in my original post to plainer english - in the hope that it expresses the actual situation a bit better.
by fnmix
Sat May 13, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1496

Re: Negotiating job responsibilities

If you have already been through a rigorous hiring and interview process and don't know what they need and want you to do, that is a danger signal. Thanks for the note Pajamas. I think the caution is appropriate. I do think that the company knows what it wants from me at the beginning - lets say th...
by fnmix
Fri May 12, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1496

Negotiating job responsibilities

Hello All, Hoping for your input on a tricky topic as I head into final negotiations on a new job. Key question: What do I need to do to set the new employer's expectations wrt the type of work (strategy, over operations) that I want to focus on? Background: I am a business person in the tech indust...