Search found 55 matches

by goGators
Mon Feb 18, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: When to take SS
Replies: 16
Views: 1968

Re: When to take SS

I don't know if Mike Piper's calculator could help
https://opensocialsecurity.com/

In his calculator's advanced options, there is an item
Do you receive (or will you receive) a pension from employment that was not covered by Social Security taxes? Yes/No
by goGators
Mon Feb 18, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?
Replies: 12
Views: 466

Re: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?

There are many online services that will file a W-2 electronically to the IRS and mail a W-2 to the employee for about $5 -$10. Thank you. I googled for online services and found https://www.thebalancesmb.com/how-to-file-w-2-forms-with-w-3-forms-online-397970 ...You can e-file W-2 forms online at t...
by goGators
Mon Feb 18, 2019 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?
Replies: 12
Views: 466

Re: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?

I'm just curious about the $600 limit. If I were to pay my neighbor's kid more than $600 last year for doing yard works (mowing lawn, shoveling snow...) would I be required to give him a W-2 form?
by goGators
Mon Feb 18, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?
Replies: 12
Views: 466

Re: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?

From the final paragraph in the article you linked to... Hiring your child can be a tax-smart idea. Remember, however, that the child’s wages must be reasonable for the work performed. So the hire-the-kid strategy works best with teenage children who can be assigned meaningful tasks. Keep the same ...
by goGators
Mon Feb 18, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?
Replies: 12
Views: 466

Re: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?

... What you didn't mention that is also important, is your friend's son actually an employee or a contractor to his father? ... The son is an employee but also a minor (less than 18 of age). Based on the link I posted above, there is no FICA or FUTA required. He also made less than $12k/ year and ...
by goGators
Mon Feb 18, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?
Replies: 12
Views: 466

Re: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?

... That means you can hire your under-age-18 child (as a legitimate employee) and his or her wages will be exempt from Social Security tax, Medicare tax, and federal unemployment (FUTA) tax. In fact, the FUTA tax exemption lasts until your employee-child reaches age 21. ... https://www.marketwatch...
by goGators
Mon Feb 18, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?
Replies: 12
Views: 466

Is a Form W-2 required if there is no FICA, FUTA, and income tax owed?

Hi,
A friend has an LLC and his son working for him. Does he need to issue a W-2 form if his son's income was less than $12K (below the 2018 standard deduction)?
Thank you.
by goGators
Thu Feb 14, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: Refrigerator Issues
Replies: 19
Views: 1716

Re: Refrigerator Issues

... Do compressors die and then come back to life? ... Assume that the compressor died, would the entire unit become warm? But you stated ... Actually, only the top half of the freezer will not stay cold enough. All of the pull out drawers work well. .... You might also want to take a look at this ...
by goGators
Thu Feb 14, 2019 9:09 am
Forum: Personal Consumer Issues
Topic: Refrigerator Issues
Replies: 19
Views: 1716

Re: Refrigerator Issues

by goGators
Tue Feb 12, 2019 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 1000
Views: 317866

Re: Retiree Portfolio Model

... BigFoot has bent over backwards year after year, continually updating the tool, fixing bugs and adding features that meet most users needs and for that I'm very grateful. When you hit a situation that the tool does not address, be creative, you can find workarounds for your own personal situati...
by goGators
Fri Aug 31, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: Playing with Callan's periodic tables of investment returns
Replies: 81
Views: 10497

Re: Playing with Callan's periodic tables of investment returns

How do you calculate "relative premium over the returns of the US stock market"? An example using numbers from the above tables would be great. Thank you.
by goGators
Thu Jun 28, 2018 6:09 am
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 132
Views: 13353

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

Church Lady wrote: Wed Jun 27, 2018 9:48 pm Kiplinger or Money or one of those magazines ran a feature recently comparing Airbnb/vrbo to hotel costs in different markets. ...
I think this is the article http://time.com/money/5209426/travel-ai ... el-places/
by goGators
Sun Apr 15, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 1000
Views: 317866

Re: Retiree Portfolio Model

Hello,
I assume RPM account balances are nominal (inflated dollars). Is there an easy way to display them in real (non-inflated) dollars?
Thank you.
by goGators
Thu Jan 11, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 1000
Views: 317866

Re: Retiree Portfolio Model

Hi BigFoot,
When I change the portfolio values in section 2, I don't see them get updated in the cash flow diagram.
I have your latest version with the Special Event fix.
As mentioned in previous post, I'm using LibreOffice 5.3.7.2 and win10x64.
Thank you.
by goGators
Thu Jan 11, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 1000
Views: 317866

Re: Retiree Portfolio Model

I tested it in my copy of LibreOffice 5.3.7.2, win10x64 and the macros work (a few, like Clear, may not work due to the different code that LibreOffice uses). Check the setting at Tools > Options > Security > Macros Security. Mine is set to "Low". I downloaded the file again and this time most of t...
by goGators
Thu Jan 11, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 1000
Views: 317866

Re: Retiree Portfolio Model

I need a little help here. I cannot execute a macro in version 18.0. My mouse pointer does not change to a hand when I hover over a macro.
I'm using LibreOffice 5.3.7.2 and OS is win10x64. I have no problem with v17.0. Any idea? Thanks.
by goGators
Wed Dec 27, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2017 Tax Software $9.95 , State $14.95
Replies: 61
Views: 13019

Re: H&R Block 2017 Tax Software $9.95 , State $14.95

The deal is still good. Thanks.
by goGators
Mon Dec 11, 2017 1:44 pm
Forum: Personal Investments
Topic: Suggestions for setting up 401K retirement plans for medical practice
Replies: 14
Views: 1561

Re: Suggestions for setting up 401K retirement plans for medical practice

...this could allow a higher earning physician the ability to maximize their annual addition limit (2017 = $54K, 2018 = $55K. This would be with pre-tax contributions, which are of a far greater benefit at a physician's marginal tax rate. Spirit Rider, I would like to confirm that with a New Compar...
by goGators
Mon Dec 11, 2017 8:04 am
Forum: Personal Investments
Topic: Suggestions for setting up 401K retirement plans for medical practice
Replies: 14
Views: 1561

Re: Suggestions for setting up 401K retirement plans for medical practice

None of these companies directly hold your funds. All of them are third party administrators which partner with a financial institution to actually hold the funds. Thank you James for the explanation. What about after-tax contribution for the purpose of mega-Roth back door conversion? Do you know a...
by goGators
Sun Dec 10, 2017 5:52 am
Forum: Personal Investments
Topic: Suggestions for setting up 401K retirement plans for medical practice
Replies: 14
Views: 1561

Re: Suggestions for setting up 401K retirement plans for medical practice

Are these companies safe? What would happen to the investments if they go out of business?
by goGators
Wed Nov 22, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 1000
Views: 317866

Re: Retiree Portfolio Model

Hi BigFoot,
If my FRA age is 67, should the formula in cell R93 = R$98*$U93?
Currently, you have cell R93 = R$97*$U93
Same question for cells R94, R95, R96, R107, R108, R109 and corresponding cells for spouse whose FRA age is also 67.
I'm using V.17-Nov8, 2017
Thank you & Happy Thanksgiving
by goGators
Thu Nov 09, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Term Life - Time to cancel?
Replies: 33
Views: 4246

Re: Term Life - Time to cancel?

OP, We asked a similar question earlier this year, viewtopic.php?f=2&t=207463&p=3182595#p3181172
After reading the responses, we decided to keep them.
by goGators
Wed Nov 08, 2017 2:08 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 289
Views: 64731

Re: [Yahoo Finance no longer works - Alternatives to download securities quotes]

I had been using Harry Sit's quote.py (https://thefinancebuff.com/security-quote-script-for-microsoft-money.html) to download Yahoo quotes into MS Money. Like others, his script stopped working after Yahoo removed the service. When I saw libralibra's post on Yahoo json api, ... You can just delete t...
by goGators
Sun Nov 05, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 289
Views: 64731

Re: Yahoo! Quote Not Working

A couple of us did. It was discussed a few days ago in the other/older Yahoo Finance thread. It worked, but I had issues with the quality of the data on some securities. VSS (Vanguard FTSE All-World Ex-US Small Cap) in particular had very spotty data. Late morning, it was showing a price 90 minutes...
by goGators
Thu Nov 02, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 289
Views: 64731

Re: Yahoo! Quote Not Working

I tried http://download.finance.yahoo.com/d/quotes.csv?s=VZ and got It has come to our attention that this service is being used in violation of the Yahoo Terms of Service. As such, the service is being discontinued. For all future markets and equities data research, please refer to finance.yahoo.co...
by goGators
Thu Nov 02, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 289
Views: 64731

Yahoo! Quote Not Working

[Thread merged into here, see below (Page 3) --admin LadyGeek]

Hi,
I'm having problem downloading quotes from Yahoo to MS Money using Python scripts from Pocket Sense and The Finance Buff. Is it just me?
Thank you
by goGators
Sat Jan 07, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Do we need life insurance?
Replies: 18
Views: 2024

Re: Do we need life insurance?

Have you considered worst case scenarios that could come into play that would put your family at financial risk should you die unexpectedly after the worst case scenario plays out... Thank you very much for your advice. It makes us think about our worst case scenario in which both of us die and all...
by goGators
Fri Jan 06, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need life insurance?
Replies: 18
Views: 2024

Re: Do we need life insurance?

how much is the payout? I'm guessing you cancel today and ask for it next year, it will cost more than 1K a year 1M each Household expenses today, what about in inflated dollars tomorrow? What about health insurance, college, general well-being of child and that is posed with the same question - in...
by goGators
Fri Jan 06, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need life insurance?
Replies: 18
Views: 2024

Re: Do we need life insurance?

mcraepat9 wrote:What about your other expenses? If one of you were to die, would the other be able to pay all household expenses for the rest of their life without working?
yes
by goGators
Fri Jan 06, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need life insurance?
Replies: 18
Views: 2024

Do we need life insurance?

Hi,
My wife and I plan to retire soon and wonder if we should cancel our term life policies to save ~$1K/year.
We have two kids. Youngest is 8. If we both die today, our saving alone can support them until they finish college.
Your advice please. Thank you.
by goGators
Wed Oct 26, 2016 8:25 am
Forum: Personal Investments
Topic: Lowest HSA Fees
Replies: 25
Views: 5836

Re: Lowest HSA Fees

by goGators
Sat Oct 22, 2016 9:00 am
Forum: Personal Consumer Issues
Topic: Preferred "disk cloning" software?
Replies: 43
Views: 5012

Re: Preferred "disk cloning" software?

genjix wrote:Clonezilla open source
+1
by goGators
Sat Oct 22, 2016 7:44 am
Forum: Personal Investments
Topic: Better understanding early retirement withdrawals
Replies: 11
Views: 2347

Re: Better understanding early retirement withdrawals

.... Even if the Roth distributions came out of conversions under 5 years, the SEPP penalty exception would waive the recapture tax..... Alan, is this the only reason to include a Roth component in the SEPP plan? ... There is no penalty for withdrawing funds from an 401K if unemployed... David, I d...
by goGators
Fri Oct 21, 2016 4:14 pm
Forum: Personal Investments
Topic: Better understanding early retirement withdrawals
Replies: 11
Views: 2347

Re: Better understanding early retirement withdrawals

... 2. Do a SEPP for 10 years with the remaining $500,000 in the IRAs (50K/yr) ... David, how do you get $50k/yr? Using http://www.bankrate.com/calculators/retirement/72-t-distribution-calculator.aspx, I only got about $20.5K/yr for a 50 year old with a $500K balance. OP, have you tried https://www...
by goGators
Mon May 16, 2016 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Is there an HSA account without monthly fee
Replies: 28
Views: 7476

Re: Is there an HSA account without monthly fee

Fidelity's $48 annual fee is waived if you have $250K or more in assets with them. See section "Retirement Accounts and HSAs" in https://www.fidelity.com/bin-public/060 ... hedule.pdf
by goGators
Thu Dec 31, 2015 3:27 pm
Forum: Personal Consumer Issues
Topic: Securing Emails / Identity
Replies: 12
Views: 1358

Re: Securing Emails / Identity

I have 3 email accounts: 1) General use (family, friends) 2) Online purchases and 3) Financial accts. I have experienced spams in 1 & 2 but not 3. So I think it's a good idea to have a unique email address for financial accounts. However, I don't use a specific device to access my financial informat...
by goGators
Sun Dec 20, 2015 11:12 am
Forum: Personal Finance (Not Investing)
Topic: FIRECalc - Take Social Security Benefits Early is Better?
Replies: 53
Views: 8513

Re: FIRECalc - Take Social Security Benefits Early is Better?

YES! as jeff1949, Aptenodytes, and randomguy correctly pointed out, delaying SS works with longer lifespan. Below are FIRECal results for 30, 40,45, and 50 year lifespans: INPUTS OUTPUTS (Portfolio Balance) ====================================== ==================================== Age SS#1 Year SS#...
by goGators
Sat Dec 19, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: FIRECalc - Take Social Security Benefits Early is Better?
Replies: 53
Views: 8513

Re: FIRECalc - Take Social Security Benefits Early is Better?

...Makes perfect sense to me if you plan on only living until you are 70.... No, we plan to live longer than 70 :happy. 62, 67, and 70 were the ages to start social security benefits. We used FIRECalc's default 30 years for the simulations. We also tried 40 years (when we would be 86 and 89) and go...
by goGators
Sat Dec 19, 2015 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: FIRECalc - Take Social Security Benefits Early is Better?
Replies: 53
Views: 8513

FIRECalc - Take Social Security Benefits Early is Better?

Hello Bogleheads, If my spouse (46) and I (49) were to retire this year (2015), FIRECalc seemed to indicate that it was better to take SS benefits early. INPUTS OUTPUTS (Portfolio Balance) ====================================== ==================================== Age SS#1 Year SS#2 Year Minimum Max...
by goGators
Wed Dec 16, 2015 7:05 am
Forum: Investing - Theory, News & General
Topic: Retire at 55 [Which funds to use between 55 and 59.5?]
Replies: 21
Views: 4207

Re: Retire at 55

Keystone - How would you withdrawal a Roth IRA contribution free of penalty prior to 59.5? I plan to retire at 49 and will use my taxable account to fund my expenses from 49 to 59.5. Besides that, one can withdraw Roth IRA contributions free of penalty or they could withdraw per IRS 72(t). Roth IRA...
by goGators
Sun Nov 29, 2015 7:56 am
Forum: Personal Investments
Topic: Understanding Taxable account in layman terms
Replies: 18
Views: 2777

Re: Understanding Taxable account in layman terms

4. This year I am in 15% bracket, but I expect to be in 25% bracket starting in 2016. Is it a good idea to open a taxable account in December or is it wiser to wait until January? Purchase mutual funds in January to avoid tax on distributions: https://personal.vanguard.com/us/insights/taxcenter/buy...
by goGators
Sat Oct 31, 2015 10:29 am
Forum: Personal Finance (Not Investing)
Topic: How much of your total income are you worth?
Replies: 51
Views: 9316

Re: How much of your total income are you worth?

85% - against 100% Medicare Earnings(from My Social Security site)
by goGators
Tue May 26, 2015 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: 1st year HSA questions
Replies: 0
Views: 870

1st year HSA questions

Background: Before quitting her job last month, my wife had an HSA and a health insurance that covered her and our kids. I had my own HSA and health insurance. It was cheaper that way. Now my insurance covers the whole family. For 2015, my HSA contribution is $1100 so far and hers is $1500. Question...
by goGators
Sat Apr 25, 2015 10:26 am
Forum: Personal Investments
Topic: Bond allocation-retire in 2 yrs
Replies: 14
Views: 1640

Re: Bond allocation-retire in 2 yrs

but it's prudent to keep a few/several years spending in cash/bonds I agree with keeping at least several years worth of fixed expenses in less volatile assets, though. Sometimes stocks do decline and stay down for a long time. If 10 years worth of fixed expenses is 13% of your assets, you're not l...
by goGators
Sat Apr 25, 2015 5:51 am
Forum: Personal Investments
Topic: Bond allocation-retire in 2 yrs
Replies: 14
Views: 1640

Re: Bond allocation-retire in 2 yrs

...what kind of spending you'll require in the future (also education expenses too?), how much assets you have now, any pensions if available, how much Social Security would provide, how much you value having more money past a certain point vs. how painful having to cut back might be What does (Tot...
by goGators
Fri Apr 24, 2015 9:44 pm
Forum: Personal Investments
Topic: Bond allocation-retire in 2 yrs
Replies: 14
Views: 1640

Re: Bond allocation-retire in 2 yrs

What are the bond options in the 401k?
We should have FSITX. Our 401ks are in Fidelity BROKERAGELINK.
by goGators
Fri Apr 24, 2015 8:39 pm
Forum: Personal Investments
Topic: Bond allocation-retire in 2 yrs
Replies: 14
Views: 1640

Bond allocation-retire in 2 yrs

I would like your advice on bond allocation. Background: I'm 49 and planning to retire in 2 years, wife 46 retired, 2 kids 14 and 6. We own a home and have no debt. For the past 20 years our allocation has been 100% stocks and emergency cash for 1 year. Currently, we have 31% of our savings in Roths...