Search found 143 matches

by ahmadcpa
Thu Jan 23, 2020 2:25 pm
Forum: Investing - Theory, News & General
Topic: Are interest rates ever going back up?
Replies: 95
Views: 6282

Re: Are interest rates ever going back up?

Interest is an economic tool used by governments for the following: 1- Boost the economy 2- Control inflation The two goals above conflict conflict with each other because raising interest will lower the inflation and lowering the interest will boost the economy. Therefore, the answer to your questi...
by ahmadcpa
Mon Jul 08, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce and pension/401k/IRA split
Replies: 31
Views: 2933

Re: Divorce and pension/401k/IRA split

No need for experts. The value of her retirement is as follows: Input: 1- Current salary is $70,000 2- Current vested years: 15 3- Vesting per year: 2.5% Therefore, the annual retirement she's entitled to today is: $70,000 X 15 X 2.5% Annual retirement amount she would be receiving at time of divorc...
by ahmadcpa
Sun Jun 16, 2019 12:24 pm
Forum: Personal Investments
Topic: CDARS - Can anyone share experience?
Replies: 7
Views: 1207

Re: CDARS - Can anyone share experience?

I look at CDARS for agencies with temporary money that they need to hold on to for a period of 2 to 10 yea It's not a good option for the individual investors! CDARS are federally insured without regards to the $250,000 limit for individual accounts and therefore, you see governments buying this pro...
by ahmadcpa
Sat Mar 02, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: State taxes owed: How do you know if you owe a penalty?
Replies: 7
Views: 462

Re: State taxes owed: How do you know if you owe a penalty?

Most peopole let the state/feds bill for under payment penalties. Many states will send you a bill if penalties are over $50 and sometimes let it go. There is no hard rule.
by ahmadcpa
Fri Jun 01, 2018 11:42 pm
Forum: Personal Investments
Topic: If I began investing at 22 by maxing my 401K, how much would I have today?
Replies: 17
Views: 2355

If I began investing at 22 by maxing my 401K, how much would I have today?

Hello all, I know the numbers can be mathematically derived but I was hoping to find a website than gives that sort of data. What I am looking for is how much money would I have by now had I been maxing my 401K since I began working which is age 22. I am 45 now. I guess the returns would differ base...
by ahmadcpa
Sat Nov 11, 2017 11:53 pm
Forum: Personal Consumer Issues
Topic: Unnecessary Corporate Meetings
Replies: 25
Views: 2778

Re: Unnecessary Corporate Meetings

These meetings are necessary. Yes, necessary! Unfortunately, to get one point across the board,there will be one that is eager to hear himself/herself talk. Sometimes there are more than one. Most of the time, almost everyone in the meeting wants to hear himself/herself speak. However, to get the po...
by ahmadcpa
Wed May 17, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 9274

Re: What Will Burst the Next Bubble?

If you look at the most recent three or four stock market crashes, you can see a that for every crash, there was that one thing that went wrong that caused all to bottom down. In the early 2000s, it was the dot com burst. In the late 2000s, it was caused by the subprime mortgages. There were a few m...
by ahmadcpa
Tue May 02, 2017 5:49 am
Forum: Personal Consumer Issues
Topic: water softener for whole house?
Replies: 35
Views: 6258

Re: water softener for whole house?

I have very very hard water in my house, without a softner, I'd get a divorce. Fridge water dispenser, coffee machines, shower doors and washing dishes are a nightmare. I had to do research and here is what I came up with 1- Do not buy Non-Salt water softners. These simply don't do the job 2- Two ta...
by ahmadcpa
Fri Apr 07, 2017 2:25 am
Forum: Personal Finance (Not Investing)
Topic: CPA misplaced tax information
Replies: 12
Views: 2223

Re: CPA misplaced tax information

If you live in one of the beta zipcode, you may be able to see you historical mail. I can't recall how many days it goes back

Try it out

https://informeddelivery.usps.com/box/p ... art.action
by ahmadcpa
Mon Apr 03, 2017 5:58 am
Forum: Investing - Theory, News & General
Topic: Peer-to-peer lending as an investment?
Replies: 67
Views: 9455

Re: Peer-to-peer lending as an investment?

Typical portfolio of peer to peer lending tax consequence on a $100,000 investment with a 20% interest rate and 10% default rate: $100,000 X 20% interest rate = $20,000 Taxable 1099 Interest $100,000 X 10% default rate = $10,000 Deductible CAPITAL LOSS subject to the $3,000 limit That's why I pulled...
by ahmadcpa
Wed Mar 29, 2017 10:29 am
Forum: Personal Investments
Topic: Contribute to Roth IRA or 401K after tax
Replies: 4
Views: 574

Re: Contribute to Roth IRA or 401K after tax

I prioritize my contributions as follows:

1- 401K until I max
2- HSA until I max
3- ROTH IRA until I max
4- 529 until I think I have have just about enough
5- After Tax 401K which I never hit after I max (contribute enough) as per above
by ahmadcpa
Sun Feb 19, 2017 1:13 pm
Forum: Personal Investments
Topic: P2P Lending - Anyone try it?
Replies: 93
Views: 13183

Re: P2P Lending - Anyone try it?

First hand experience with Lending Club. Be CAREFUL about taxes! Here is how it works Interest is reported as ordinary income Notes written off are reported as CAPITAL LOSS The write off is typically huge. For example if you make $5,000 in net income from P2P lending, the amount can be sometimes $20...
by ahmadcpa
Fri Feb 17, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 250
Views: 45721

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

Looks like the early withdrawal penalty is only 3 months on the Texas Gulf Share Accounts. This is much better than six months imposed on many others! Sorry...I am not so good in reading those disclosures...can someone confirm: https://www.texasgulffcu.org/files/texasgulf/1/file/Disclosures/TIS%20di...
by ahmadcpa
Sun Jan 08, 2017 1:55 am
Forum: Personal Consumer Issues
Topic: CA state sales tax rate reduced 0.25% to 7.25% as of 1/1/17
Replies: 6
Views: 1421

Re: CA state sales tax rate reduced 0.25% to 7.25% as of 1/1/17

We keep adding more and more sales tax which are mainly directed towards transportation projects. We spend billions on [(removed) --admin LadyGeek] high speed rails/transit centers, rail extensions and adding more lanes to the highways. The solution is to divert those funds nationwide to autonomous ...
by ahmadcpa
Fri Jan 06, 2017 11:29 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 18825

Re: Bogle worried Vanguard is getting too big

When Vanguard gets too big, the stock prices gets inflated and therefore, the rate of return would drop? The flip side is more equity would be invested in autonomous vehicles, efficient solar panels and Space X like companies and therefore the rate of return would rise? Who knows!
by ahmadcpa
Sun Dec 18, 2016 6:12 am
Forum: Personal Finance (Not Investing)
Topic: When will savings account rates rise?
Replies: 16
Views: 5260

Re: When will savings account rates rise?

The main reason why interest rates are rising is not because the feds raised interest rates (hmm, my statement is contradictory, isn't it?) but instead because in the meeting they had last Wednesday, they said that they anticipate raising the interest rates by at least 3 (or more) times during the 2...
by ahmadcpa
Thu Dec 15, 2016 2:50 am
Forum: Personal Finance (Not Investing)
Topic: Any New 3% CD offerings other than Andrews FCU??
Replies: 7
Views: 2356

Re: Any New 3% CD offerings other than Andrews FCU??

The very short term CDs are experiencing rising rates. The 5 and up remain as is. The fed fund increase today has minuscule impact on CDs. I think the biggest impact is Trump's agenda of wanting to retrofit the infrastructure which would cause local governments to borrow more and hence, higher inter...
by ahmadcpa
Wed Dec 07, 2016 1:21 am
Forum: Investing - Theory, News & General
Topic: Great CD Promo! Andrews FCU 84 mo 3.01%
Replies: 250
Views: 45721

Re: Great CD Promo! Andrews FCU 84 mo 3.01%

Does anyone know if I can have multiple CD's in my name instead of only having one. I have about $300K and I want to put them in multiple CDs instead of one. Is this allowable?
by ahmadcpa
Wed Nov 23, 2016 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Checking IRS refund applied to next year's return
Replies: 11
Views: 4395

Re: Checking IRS refund applied to next year's return

The IRS takes forevvvver to process a paper filed tax return. Last year, I filed around December (yes, I was late) and until the return was processed, it was around APRIL. Similar to you, I had a refund applying to the tax year after. As you did, I asked for transcripts and nothing would show on the...
by ahmadcpa
Sun Nov 13, 2016 1:45 am
Forum: Personal Investments
Topic: Mortgage Interest Rates In 3-5 Years
Replies: 11
Views: 2131

Re: Mortgage Interest Rates In 3-5 Years

Many here will tell you that no one has a crystal ball to project what interest rates will be. However, regardless of anyone else tells you, inflation is eminent. When inflation hits, the mortgage rates will climb up along with all kinds of other interest rates. Trust me, no one is predicting this b...
by ahmadcpa
Sat Nov 05, 2016 1:13 pm
Forum: Personal Investments
Topic: Bonds --- Risk Factor -- Appreciate Insights
Replies: 12
Views: 1606

Re: Bonds --- Risk Factor -- Appreciate Insights

The going theory here is that bonds will not be impacted because they've already been priced factoring in the fed's interest rate adjustments. However, the feds themselves don't know what they're going to do with interest rates so one would be naive to say that bonds are factored for interest rate f...
by ahmadcpa
Wed Oct 05, 2016 1:09 am
Forum: Personal Investments
Topic: Help - Question
Replies: 2
Views: 406

Help - Question

Hello, These are the funds in my 401K. Which one is the closet to the Vanguard S&P 500 fund? The Standard Stable Asset A % Dodge & Cox Income % Vanguard Tot BdMktIdx Adm % Vanguard L S Cons Grwth Inv % Vanguard L S Mod Growth Inv % Vanguard Wellington Adm % Amer Beacon LC Value I % Vanguard 500 Inde...
by ahmadcpa
Mon Oct 03, 2016 5:29 pm
Forum: Investing - Theory, News & General
Topic: Rate of return - Bogle
Replies: 9
Views: 1999

Rate of return - Bogle

There was a recent interview with Mr. Bogle where describes the rate of returns as being abysmal. If I am understanding him correctly, is he projecting that the low rate of return will be here for decades?

https://finance.yahoo.com/video/bogle-f ... 08717.html
by ahmadcpa
Mon Oct 03, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Staying at same company for years and years….bad idea?
Replies: 41
Views: 6398

Re: Staying at same company for years and years….bad idea?

I've been at my job for almost 20 years now. Can't believe it myself.
by ahmadcpa
Wed Sep 28, 2016 9:10 am
Forum: Investing - Theory, News & General
Topic: A look at Peer to Peer Lending, and the research
Replies: 3
Views: 903

Re: A look at Peer to Peer Lending, and the research

The question I always had about the peer to peer lending companies is who owns the notes. Based on my research, the owner of the notes is the P2P company and not the investors who are loaning the money out. Yes, it shows on your portfolio that you own the notes but legally speaking, it is highly unl...
by ahmadcpa
Fri Sep 23, 2016 12:18 am
Forum: Personal Consumer Issues
Topic: How is your experience about buying home in SF bay area?
Replies: 18
Views: 3731

Re: How is your experience about buying home in SF bay area?

No one knows. I get this question all the time (I work in the financial industry). No one knows, not even Buffet or Bogle. There is one thing I can tell you which is if you're going to live in the bay area for long, buy a house because even they crash, they'll go back up. Just make sure you can affo...
by ahmadcpa
Thu Sep 22, 2016 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Threshold for pre-notifying credit card companies?
Replies: 40
Views: 7113

Re: Threshold for pre-notifying credit card companies?

The rejection is done by an algorithm as opposed to a human. The computer looks at you spending pattern such as amount, distance from your billing address and type of purchase and rejects the charge accordingly. Calling prior to charing will typically let the charge go through.
by ahmadcpa
Thu Sep 22, 2016 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Big 4 Partners - Salary/Risk Worth it?
Replies: 21
Views: 14419

Re: Big 4 Partners - Salary/Risk Worth it?

I know a few who made it up there. It's typically a seven digit figure (yes seven). You will accumulate a lot of airline miles, eat Kobe and Wagyu and have a sexy secretary during work hours (and cough cough scort in after hours). You will sip expensive wines and meet and dine with the business elit...
by ahmadcpa
Wed Sep 21, 2016 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Federal fund rate and retirees
Replies: 7
Views: 1027

Federal fund rate and retirees

I keep asking myself this question everyday, which is, aren't retirees heavily dependent on bonds and if the rates are low, retirees are getting hurt really bad by keeping the rates so low. Everyone has this 4% withdrawal rate from their retirement account but the returns these days are a lot lower ...
by ahmadcpa
Mon Sep 19, 2016 1:24 am
Forum: Investing - Theory, News & General
Topic: The coming municipal bond crisis
Replies: 51
Views: 10193

Re: The coming municipal bond crisis

I work in an industry that deals with CalPERS actuarial calculations pretty much everyday. Ignore what's being stated in this article as it will have no impact on municipal bonds. While I run the numbers every day for about 100 local California governments everyday, the only risk I see is the return...
by ahmadcpa
Fri Sep 16, 2016 11:41 pm
Forum: Personal Investments
Topic: Travel to Europe, buy new cars, expensive iPads and Louis Vuittons
Replies: 5
Views: 1642

Travel to Europe, buy new cars, expensive iPads and Louis Vuittons

Hello all, Well...that's not exactly what I did but trust me I am tempted. The reason I am tempted is because of all the equity that showed up in my house now that it doubled in price since I last purchased it. My question is how come the cars, the airline tickets, the Looowees didn't go up in price...
by ahmadcpa
Thu Sep 15, 2016 9:00 am
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 13322

Re: Disappointing News Wells Fargo

Many people are now using online banks to service their needs. While this may work for some, you still need a "neighborhood" bank to do the following: 1- Deposit cash 2- Withdraw large amounts of cash 3- Obtain a certified check 4- Safe deposit box Had it not been for the above, I'd be all over inte...
by ahmadcpa
Sun Sep 11, 2016 2:12 am
Forum: Personal Finance (Not Investing)
Topic: Why are 5/1 ARM rates high?
Replies: 6
Views: 1455

Why are 5/1 ARM rates high?

The rates for 5/1 ARMs are almost as high as the 30 year fixed. Are bankers projecting that long-term rates will be low for a long long period of time and hence, short or long-term, it won't make a difference?
by ahmadcpa
Fri Sep 02, 2016 11:33 pm
Forum: Personal Investments
Topic: Is there an investment with a FIXED rate of 3.5% or higher?
Replies: 32
Views: 5806

Is there an investment with a FIXED rate of 3.5% or higher?

I am wondering if there is an instrument out there that yields 3.5% or more? I am asking about this because I can pay off my 30 mortgage which currently have a rate of 3.5% and maturity of 29 years. Instead of paying it off, is there anything that I can buy with a guaranteed rate of return of 3.5% o...
by ahmadcpa
Fri Sep 02, 2016 9:46 am
Forum: Personal Consumer Issues
Topic: Frustrated Losing Weight!
Replies: 131
Views: 12716

Re: Frustrated Losing Weight!

On too many medications fighting my type 2 diabetes...weight loss would help a lot I know. Trend diet work in the beginning but it's not something you can live with. Anyone have any suggestions for low carb breakfast...I know what to do, I just need to find the right motivation...perhaps the threat...
by ahmadcpa
Wed Aug 31, 2016 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Good School District or Private School?
Replies: 77
Views: 7483

Re: Good School District or Private School?

My two cents after way much research Private schools: Pros: 1- The curriculum is stronger than public schools 2- More attention from teachers and constant feedback about performance 3- Peer pressure is massive and therefore encouraging the parents/students to put more time and effort into learning. ...
by ahmadcpa
Sat Jul 09, 2016 1:17 am
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 14
Views: 1782

Re: 1031 exchange - tax reduction or elimination?

Wow,

You are right. OP's scenario is reflected in example 2d in the link you provided. May get some exclusions but would have to go through the math depending on when the property was acquired.
by ahmadcpa
Fri Jul 08, 2016 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 14
Views: 1782

Re: 1031 exchange - tax reduction or elimination?

Use the proceeds to buy other investments in real estate in a 1031 setting. Rent it over two tax years (one rental year where you claim rental income over two tax years), move in after, live there for two years, sell the house and claim the $500,000 exclusion for principal residence.
by ahmadcpa
Tue Jul 05, 2016 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Mortgage or invest
Replies: 6
Views: 870

Re: Pay off Mortgage or invest

I am no expert but that fund would be a fund where someone would just leave it and presumably it'll earn 7% (average).
by ahmadcpa
Tue Jul 05, 2016 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Mortgage or invest
Replies: 6
Views: 870

Pay off Mortgage or invest

Hello all, As you may all know, today marks the lowest interest rate in history for 30 year mortgages. I have a $600K loan 5/1 ARM on the house and I also have about $600K in investments. What would you do, refinance and lock at 3.375 interest rate and invest the cash or pay off the mortgage? The ca...
by ahmadcpa
Sat Jul 02, 2016 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Another Mortgage Refi question
Replies: 16
Views: 1499

Re: Another Mortgage Refi question

Zillow is the best to find mortgage rates. The brokers are mom and pops brokers coordinating with the larger banks. They have no "One Bank" loyalty and therefore, you get the best rates. If however, you're shopping for a nonconventional loan (15/15 or 10/10, etc), your best bet would be a bank that ...
by ahmadcpa
Thu Jun 23, 2016 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: AMT + Disallowed Property Tax = Home Basis?
Replies: 9
Views: 1079

Re: AMT + Disallowed Property Tax = Home Basis?

That's a very good idea but will be very expensive to defend too! You can claim the amounts in your basis and if audited, you'll have to challenge that at the tax court. That obviously would be very expensive. I typically see cases advocated at a tax court when the audit is resulting in over $100 in...
by ahmadcpa
Fri Apr 22, 2016 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: State Estimated Taxes, Can I lump pay ? Anyone else do this?
Replies: 23
Views: 2323

Re: State Estimated Taxes, Can I lump pay ? Anyone else do this?

I've been late all over. I've been late paying estimated taxes, paying actual taxes or even filing the return. There was a time when I filed my tax return three months late beyond the extension. Never had to pay a penalty. I always overpaid though, so that may have been the reason why I wasn't penal...
by ahmadcpa
Sun Apr 03, 2016 10:19 pm
Forum: Personal Investments
Topic: What to do with excess income after retirement!
Replies: 7
Views: 1825

Re: What to do with excess income after retirement!

I say time to reward yourself with a Lamborghini. You worked hard for it, enjoy it!
by ahmadcpa
Mon Mar 28, 2016 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: CD Rates dropping?
Replies: 24
Views: 4096

Re: CD Rates dropping?

I am also noticing a drop in mortgage rates as well. At least in my local market
by ahmadcpa
Thu Mar 24, 2016 11:23 am
Forum: Personal Consumer Issues
Topic: Synthetic Grass in Yard
Replies: 14
Views: 1323

Re: Synthetic Grass in Yard

I have synthetic in the backyard. The grass looks great as long as no one steps on it. High traffic areas makes the yarn go flat. I had to replace it two years after I installed it. It's been now two years since and I am now thinking about getting rid of it and replace it with real sod.
by ahmadcpa
Sun Mar 13, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need an accountant this year?
Replies: 5
Views: 822

Re: Do I need an accountant this year?

The miracles described by your friends are merely being aware of standard tax deductions. Your taxes do not appear complicated and therefore, do'em yourself. Come back here or other tax forums and you'll find your answers. I work miracles when it comes to taxes but it's a thought process that takes ...
by ahmadcpa
Sat Mar 05, 2016 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Does home office deduction increase risk of audit?
Replies: 14
Views: 1895

Re: Does home office deduction increase risk of audit?

How an audit is selected is unknown. I work for a CPA firm and we do taxes (I don't even know how to do mine). I see the IRS auditors visiting at least two or three times a month to audit clients since we keep the accounting records. I will tell you the majority are Schedule C filers. Most are high ...