Bogleheads.org

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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.

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

My wife!

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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

ahmadcpa

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...

ahmadcpa

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

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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 ...

ahmadcpa

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!

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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?

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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

ahmadcpa

I've been at my job for almost 20 years now. Can't believe it myself.

ahmadcpa

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...

ahmadcpa

If you can maybe find a way to connect to the internet from a location close by, then you try this
https://www.youtube.com/watch?v=KwsnZ9TC5eA

https://www.amazon.com/Ideaworks-Distan ... tance+wifi

ahmadcpa

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...

ahmadcpa

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.

ahmadcpa

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...

ahmadcpa

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 ...

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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?

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

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. ...

ahmadcpa

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.

ahmadcpa

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.

ahmadcpa

I am no expert but that fund would be a fund where someone would just leave it and presumably it'll earn 7% (average).

ahmadcpa

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...

ahmadcpa

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 ...

ahmadcpa

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...

ahmadcpa

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...

ahmadcpa

I say time to reward yourself with a Lamborghini. You worked hard for it, enjoy it!

ahmadcpa

I am also noticing a drop in mortgage rates as well. At least in my local market

ahmadcpa

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.

ahmadcpa

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 ...

ahmadcpa

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 ...

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