Search found 294 matches

by Billionaire
Mon Apr 30, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?
Replies: 187
Views: 8967

Re: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?

Visit your local REI store and load up on supplies. If you are not already a member of the co-op, you should join and take advantage of the membership benefits.
by Billionaire
Thu Feb 01, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: WHY do wireless routers need periodic reboots?
Replies: 117
Views: 9454

Re: WHY do wireless routers need periodic reboots?

Well this is timely (I think). The last two days Turbo Tax has attempted to upload a software update and failed both times. I was doing this during daylight hours. I Googled the topic and there are threads on Turbo Taxes website about the trouble shooting steps that need to be followed. :twisted: T...
by Billionaire
Thu Feb 01, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: WHY do wireless routers need periodic reboots?
Replies: 117
Views: 9454

Re: WHY do wireless routers need periodic reboots?

Well this is timely (I think). The last two days Turbo Tax has attempted to upload a software update and failed both times. I was doing this during daylight hours. I Googled the topic and there are threads on Turbo Taxes website about the trouble shooting steps that need to be followed. :twisted: Th...
by Billionaire
Tue Jan 30, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I join Linkedin?
Replies: 48
Views: 3983

Re: Should I join Linkedin?

You mean the program that searches through your contacts so you can it can spam your friends in your name without your permission? Bingo!! I've told a friend of mine that I keep getting invites from him to join Linkedin. He still doesn't get it. I had an account and deleted it. Too many unwanted so...
by Billionaire
Tue Jan 30, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Opportunity to buy company stock at a discount
Replies: 30
Views: 1871

Re: Opportunity to buy company stock at a discount

It sounds like an ESPP plan. You use the word defer. I don't think you are deferring $6,000.00 of income per year. I'd guess you are using after tax payroll deduction to buy the stock. Additionally, you are actually buying $7,058.82 worth of stock at the 15% discount, which comes out to $6,000.00. S...
by Billionaire
Mon Jan 29, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 16
Views: 1525

Re: New job offer

That's a healthy bonus at the new job. What is it based on? Is it guaranteed? I suspect not.
by Billionaire
Mon Jan 29, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 3910

Re: Sanity check of SS with less than 35 years earnings

Yes, that tool is very cool.
Question - could somebody put into simple language the definition behind each of the three bend points that are discussed so frequently?
by Billionaire
Mon Jan 29, 2018 7:39 am
Forum: Personal Consumer Issues
Topic: Should I join my local Freemasons?
Replies: 31
Views: 5181

Re: Should I join my local Freemasons?

Here is a piece of absurd music trivia. John Entwistle, the Who's late bass player, was a Freemason. From his Wikipedia page.... "One aspect of Entwistle's life emerged after his death that came as a surprise even to those closest to him, including the members of the Who. "It wasn't until the day of...
by Billionaire
Sat Jan 27, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: I don't think my lady is very good at saving money, how do I handle?
Replies: 50
Views: 4092

Re: I don't think my lady is very good at saving money, how do I handle?

Well you aren't married and haven't negotiated the financial aspects of living together well. She is entitled to spend as she likes. If she was plowing money into a solo 401k or similar savings vehicle, her spending wouldn't bother me as much.
by Billionaire
Thu Jan 25, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2688

Re: Trip cancellation insurance

Trip cancellation insurance paid off once for me. That being said, I have not bought it for several years/trips now that my VISA card provides insurance up to $5,000.00 per person, per year. Edit to add, I suspect the $611.00 is the price if purchased through Road Scholar. You can probably do better...
by Billionaire
Sun Jan 21, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing 403(b) TIAA Investments
Replies: 22
Views: 1502

Re: Choosing 403(b) TIAA Investments

I have a decedent account at TIAA. All the money is invested in the Guaranteed Interest Fund. It's been paying 3% for the entire 5 years I've owned it. I consider it part of my bond allocation.
by Billionaire
Sun Jan 21, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: return expensive 3 year old's eye glasses?
Replies: 22
Views: 1947

Re: return expensive 3 year old's eye glasses?

I've been wearing glasses for about 55 years. Not to deviate too much from the OP's question, but years ago my co-workers were buying glasses on-line. To me, all the frames look like they came out of a Cracker Jacks box. Maybe things have improved. A couple of years ago I started using a new opticia...
by Billionaire
Sun Jan 21, 2018 9:35 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 40
Views: 4770

Re: My daughter got her dream job

Congrats to you and your daughter. It's nice to hear these stories.
by Billionaire
Wed Jan 17, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 2523

Re: Take a 401k Loan?

That's a heck of a bad investment. You just didn't lose money, you are in debt over it. I would just pay it off by Jan 2019 and then reconsider refinancing.
by Billionaire
Wed Jan 17, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2763

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

Now that is highway robbery. In my experience with two different decedent IRA's, there were no fees involved. One stayed put at TIAA-CREF. The other went from RBC to RBC and then onto TDAMERITRADE. There may have been an incidental amount ($25.00) in the later case.
by Billionaire
Mon Jan 15, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3551

Re: PTO policy after international business travel

Could depend on your supervisor. A reasonable supervisor would let you either work from home for a day or give you a comp day. Five days is a bit much.
by Billionaire
Mon Jan 15, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 16230

Re: Stats on When People Take Social Security

As expected there are a lot of dogmatic opinions on the topic. Every person has their own unique perspective and opinion. In 2017, we had two friends die at the age of 55 and 60. I also had a couple of co-workers die at similar ages. They never had a chance to make the decision.
by Billionaire
Sat Jan 13, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 10376

Re: Best 401k Employer Match Structure

50% of 6%, plus (here is the kicker) a profit sharing match up to $5,000.00 of eligible earnings. To be eligible for the profit sharing you need to be on the payroll as of 12/31. In my case, it's been in the neighborhood of a total of $9,000.00 plus, as a match each year.
by Billionaire
Wed Jan 10, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 184
Views: 21463

Re: Anyone disenchanted with retirement?

Six days for me and I am bored out of my mind. HEEEELLLLPPPPPP!!!!!!!!
by Billionaire
Sat Jan 06, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: Effects of extreme cold weather
Replies: 107
Views: 10608

Re: Effects of extreme cold weather

I'd guess a lot of stores are seeing a big drop-off in business. We are going to the mall today, to get some walking exercise and maybe buy something. I need some more long johns, but I suspect the stores are all out.
by Billionaire
Sat Jan 06, 2018 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 4556

Re: Downsizing to one car in retirement...

My sister-in-law (age 58) and her husband (age 60) recently retired and now have one car. Money is not an issue. My wife and I get a big laugh out of it. To us, it's just an extension of their needy relationship and need to be around each other 24/7. It's disturbing. Who knows, maybe they are trying...
by Billionaire
Fri Jan 05, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Goodbye Capital One 360!!
Replies: 56
Views: 9378

Re: Goodbye Capital One 360!!

It's not out of the question that it's user error. I saw it a lot in my line of work.
by Billionaire
Wed Jan 03, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Goodbye Capital One 360!!
Replies: 56
Views: 9378

Re: Goodbye Capital One 360!!

Question for the OP....What was so excruciatingly important that you needed access to the website and/or a representative ASAP? I have no complaints about Capital One 360. If I've ever had a problem it was probably because I was trying to logon at 3:00 am in the morning the the system is possibly be...
by Billionaire
Sat Dec 30, 2017 5:47 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 205
Views: 27598

Re: Roll Call for the Retirement Class of 2018!

January 2nd, as in this coming Tuesday. After taking a breather, I may look for part-time or full-time work. The only thing I was enjoying was the $$$ and maxing out my 401K and HSA accounts. The work got boring and stupid, plus the people were draining.
by Billionaire
Sat Dec 30, 2017 5:43 am
Forum: Investing - Help with Personal Investments
Topic: Severance Pay and 401k contributions
Replies: 15
Views: 1902

Re: Severance Pay and 401k contributions

You have the right idea. Just make sure the 50% 401K deduction doesn't cause your net to be a negative number. If it does go negative, your 401K deduction may be ignored. We had somebody recently ask for 75% 401K deduction. That combined with HSA, 401K loan, medical deductions (pre and post tax), F...
by Billionaire
Fri Dec 29, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Severance Pay and 401k contributions
Replies: 15
Views: 1902

Re: Severance Pay and 401k contributions

So I guess I will plan on having 50% (max) taken out of paycheck during January an February. I want to tax shelter as much as possible You have the right idea. Just make sure the 50% 401K deduction doesn't cause your net to be a negative number. If it does go negative, your 401K deduction may be ig...
by Billionaire
Fri Dec 29, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 5668

Re: Is it me or does everything seem expensive?

This seems like a good thread to post the lyrics to a song written in 1929 by BLIND ALFRED REED. "How Can A Poor Man Stand Such Times And Live?" There once was a time when everything was cheap, But now prices nearly puts a man to sleep. When we pay our grocery bill, We just feel like making our will...
by Billionaire
Wed Dec 27, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC quotes IRS on terms of deductibility of prepaid property taxes
Replies: 79
Views: 6213

Re: IRS clarifies 2018 property tax prepayment

A couple of months ago I created a 2017 estimate using Turbo Tax 2016 software. As a test, I added $8,000.00 to my real estate taxes paid and the result was that the federal tax liability was unchanged. My MD state liability improved. The culprit was AMT. I'm not prepaying.
by Billionaire
Wed Dec 27, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Schwab SIP rebalancing on December 26, 2017
Replies: 1
Views: 290

Schwab SIP rebalancing on December 26, 2017

I have four accounts at Schwab enrolled in the SIP program. The year-end distributions were made on December 22 and my accounts were re-balanced yesterday, December 26. The bulk of the money was put into a new fund for each of my accounts - HYLB, Xtrackers USD High Yield Corporate Bond ETF. There wa...
by Billionaire
Mon Dec 25, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 43159

Re: What frugal thing did you do today?

We entertained a small group at our house last night. We planned to to out for dinner tonight, but my wife is not feeling well. Cha-Ching I. She offered to give me some money to go to a movie. Cha-Ching II. Now I'll probably have left-overs for dinner. Cha-Ching III.
by Billionaire
Mon Dec 25, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 65
Views: 9111

Re: Do any of you follow Bob Brinker?

Back in the day, probably the early 90's or so, I used to listen to Adrienne Berg, Bill Bresnan, Bernard Meltzer and Bob Brinker. They were on WABC and WOR out of NYC. I took bits and pieces from each and came up with my own plan. Bresnan eventually came under fire, possibly sued, for some questiona...
by Billionaire
Wed Dec 20, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: NYC restaurant suggestion
Replies: 52
Views: 4029

Re: NYC restaurant suggestion

It may not meet all of your criteria, but this...
https://www.themeatballshop.com/...
afterwards, you can head over to......
http://www.manitobas.com/ for some cocktails......
by Billionaire
Sat Dec 16, 2017 10:21 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 25220

Re: 2nd million is easier!

LittleGreenSoldiers wrote:
Fri Dec 15, 2017 11:43 pm
sambb wrote:
Fri Dec 15, 2017 11:02 pm
the first billion is the hardest
Hear, hear!
Here's to the BH 3 commas club.
Thanks for the shout out.
by Billionaire
Tue Dec 12, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: Concert Decision and Advice
Replies: 41
Views: 2769

Re: Concert Decision and Advice

I've been to hundreds of concerts going back to 1972 and have kept the ticket stubs to prove it. Growing up in Northern New Jersey, I had a wealth of opportunities to see live music in the area. I've seen incredible shows and some duds. Every venue size imaginable. Sometimes I went solo and sometime...
by Billionaire
Sat Dec 09, 2017 8:10 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 18941

Re: Save all this money, what do you splurge on?

I've incurred $2,000.00 of auto repair bills in the last two weeks. I decided to buy myself a new Shinola watch.

https://www.shinola.com/mens/watches/al ... -s039.html
by Billionaire
Fri Dec 08, 2017 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 34
Views: 2432

Re: Worth it to Amend incorrect CPA prepared tax returns?

I work for the IRS. Thanks for the heads-up. I'll be looking for your amended 2016 return.
by Billionaire
Thu Dec 07, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 34
Views: 2432

Re: Worth it to Amend incorrect CPA prepared tax returns?

There was a similar topic on the forum recently. I always suggest amending all the returns. Otherwise, your sleep will be impacted. Yes, I'm either going to do this or do nothing. I'll decide after speaking to my CPA. Never again. I'm with you, from now on, I'm going to do my own taxes. I would get...
by Billionaire
Thu Dec 07, 2017 6:57 am
Forum: Personal Consumer Issues
Topic: I received a speeding ticket via mail from IA - should I pay it?
Replies: 72
Views: 5881

Re: I received a speeding ticket via mail from IA - should I pay it?

No, don't pay it. In fact, don't pay any of your bills or debts.
by Billionaire
Wed Dec 06, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 34
Views: 2432

Re: Worth it to Amend incorrect CPA prepared tax returns?

There was a similar topic on the forum recently. I always suggest amending all the returns. Otherwise, your sleep will be impacted. Last year, the CPA firm that prepared my mother's trust botched it. I had to point out errors to them before and after the return was filed. The 2015 return was perfect...
by Billionaire
Mon Dec 04, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of going "back" to school nearing 40?
Replies: 24
Views: 3098

Re: Thinking of going "back" to school nearing 40?

In 1989, I was 34 years old at the time and decided to get out of the real estate business. I took 6 months off from work to attend a technical school for computer programming. Best decision I ever made in my life.
by Billionaire
Sun Dec 03, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Amend 2015 taxes based on a new K-1 two years later?
Replies: 35
Views: 2129

Re: Amend 2015 taxes based on a new K-1 two years later?

File the amended tax return and free your mind of the burden. Otherwise, your wife and you will be looking over your shoulders for years. I know a person who has won Pulitzer Prizes and other presigious awards for major US newspapers and owes old state taxes. All their real estate transactions (and ...
by Billionaire
Sun Dec 03, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Moving inheritance taxable account to retirement accounts?
Replies: 21
Views: 1832

Re: Moving inheritance taxable account to retirement accounts?

I would make the move in 2017. When did you inherit the money and what was it worth at that time? If you sell in 2017, I would take a look at the capital gains/losses in the account and attempt to minimize 2017 capital gains.
by Billionaire
Mon Nov 27, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Amend 2015 taxes based on a new K-1 two years later?
Replies: 35
Views: 2129

Re: Amend 2015 taxes based on a new K-1 two years later?

The executor should be communicating with the beneficiaries as to the reason for the amended K-1's. The OP should not have to come on a internet chat forum for guesses and assumptions as to why the amended K-1 was issued. Unbelievable.
by Billionaire
Fri Nov 24, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to negotiate a layoff?
Replies: 22
Views: 2678

Re: Is it possible to negotiate a layoff?

Thanks for the responses. We had a layoff last year and I almost went into the bosses office to ask if one of the people marked for layoff could be replaced by me. I really wanted to work all of 2017. The company doesn't offer much to laid off staff, but it would suite my needs. Maybe I should just ...
by Billionaire
Thu Nov 23, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to negotiate a layoff?
Replies: 22
Views: 2678

Is it possible to negotiate a layoff?

I was wondering if anybody has ever negotiated their own layoff?
by Billionaire
Thu Nov 23, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Finding a direction - What next?
Replies: 15
Views: 1918

Re: Finding a direction - What next?

You are laying a good foundation, which at your age is huge. Ditch the aviation hobby (sorry) and you improve things drastically.
by Billionaire
Wed Nov 22, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 2364

Re: How do you define success in your life?

Success to me is being locked in the bar after closing time.
by Billionaire
Wed Nov 22, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 14102

Re: Help DW gets fired, but then next day her boss offers her job back

Yikes, her place of employment sounds like a real nightmare. They deserve no professional courtesies. I'm not sure I would accept a pay cut. Is everybody getting their salary reduced?
by Billionaire
Wed Nov 22, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Inheriting 4 stocks
Replies: 15
Views: 1408

Re: Inheriting 4 stocks

Don't expect pinpoint accuracy on an internet chat forum, especially in the area of federal and state taxes. I think you have enough to get more detailed information from a tax professional, IRS publication or any other available resources.
by Billionaire
Wed Nov 22, 2017 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Inheriting 4 stocks
Replies: 15
Views: 1408

Re: Inheriting 4 stocks

You need to educate yourself about stepped up basis for an inherited stock. The cost basis is based on the date of death of the deceased. Sorry for your loss.