Search found 57 matches

by Polymorphic
Thu Jul 09, 2020 8:59 am
Forum: Personal Consumer Issues
Topic: Bradford White vs Rheem Gas Water Heater
Replies: 42
Views: 3159

Re: Bradford White vs Rheem Gas Water Heater

I had a Bradford White water heater that I believe was original to my home. It lasted a long time. I had to replace the heating elements about 15 years into its life. It developed a slow leak about 19 years into its life and I replaced it with a Rheem from Home Depot and I have had for it for about...
by Polymorphic
Wed Jul 01, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 369
Views: 27205

Re: Optimizing PPP Forgiveness

At this point, is there any reason a sole proprietor filing a Schedule C shouldn't simply write themselves a check for the lump sum of their PPP loan as owner compensation replacement? I've heard of sole proprietors setting up "payroll" for their PPP funds, but is that really necessary?
by Polymorphic
Thu Jun 25, 2020 4:20 pm
Forum: Personal Investments
Topic: Any reason to recharacterize instead of withdraw?
Replies: 5
Views: 260

Re: Any reason to recharacterize instead of withdraw?

Do you mean recharacterize it to traditional and then do the back door roth? Or do you want to recharacterize it for the tax deduction? I want the tax deduction. However, lakpr is probably right: I'm thinking about this wrong. I should just use some emergency fund cash to contribute to the SEP, and...
by Polymorphic
Thu Jun 25, 2020 1:00 pm
Forum: Personal Investments
Topic: Any reason to recharacterize instead of withdraw?
Replies: 5
Views: 260

Any reason to recharacterize instead of withdraw?

I'm about to file my 2019 federal tax return, and my tax liability is higher than I expected. I contributed the $6K maximum to my Roth IRA for 2019, but now I'm wishing I'd put it into my SEP-IRA instead. Is there any reason to recharacterize this Roth IRA contribution instead of just withdrawing th...
by Polymorphic
Mon May 18, 2020 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 35441

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

SBA announced yesterday that there's still over $100B available. Average loan size is down considerably. Those that didn't get their PPP application approved yet will probably still get it. Hang in there! https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/joint-statement-adm...
by Polymorphic
Tue May 12, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: PPP - Loss of Revenue
Replies: 20
Views: 1599

Re: PPP - Loss of Revenue

I was just approved for the PPP loan (more than 30 days after applying), but have decided not to accept it. While I still have a great deal uncertainty, invoices have been getting paid, so I can't prove material harm. And while "loss of revenue" isn't a test for PPP forgiveness (yet), it d...
by Polymorphic
Tue May 05, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 25648

Re: IRS Get My Payment up and running

My DD arrived today, although Treasury's site listed May 6th as the expected date.
by Polymorphic
Sun May 03, 2020 9:22 am
Forum: Personal Consumer Issues
Topic: Lawn mower recommendation
Replies: 91
Views: 6284

Re: Lawnmower recommendation

I’ve owned a Honda mower for nine years now, and the only winterization it needs IME is using STA-BIL in the gas tank. Starts up on the second or third pull every spring. I also use only ethanol-free gas in my power equipment.
by Polymorphic
Sat Apr 11, 2020 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 Self Employed - how to use PPP? (Paycheck Protection Program)
Replies: 15
Views: 1332

Re: 1099 Self Employed - how to use PPP? (Paycheck Protection Program)

The conclusion I came to after looking at this issue is: Take my Schedule C net profit for 2019 and divide it by 52 (weeks), then pay myself the result each week by check* for 8 weeks. That will take care of PPP loan for me. We're learning as we go here. * I suspect a weekly transfer between accoun...
by Polymorphic
Sat Apr 11, 2020 8:28 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 29822

Re: just got my $1200 stimulus payment

Just remember the stimulus is just a forward credit and will be taken out of your standard deduction next year. Regardless of your means to spend, save, donate, I would set aside some of it to pay a potentially higher tax bill next year or less of a refund than you typically expect. This is contrar...
by Polymorphic
Fri Apr 10, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Sole proprieter PPP loan
Replies: 27
Views: 2036

Re: Sole proprieter PPP loan

Do some research on kabbage - they recently pulled all their Lines with no notice for their clients. I realize they probably had to - but make sure you know what you are getting into. Another one I have heard of is Fountainhead. I have no direct experience with them - but one of the local CUs is fu...
by Polymorphic
Fri Apr 10, 2020 4:35 pm
Forum: Personal Consumer Issues
Topic: Home office monitor?
Replies: 39
Views: 1744

Re: Home office monitor?

I'm not sure what "break the bank" means in your situation, but I consider the Dell U3818DW to be one of the best tech investments I've ever made. It's a 38" ultra-wide with a resolution of 3840x1600, so horizontally, it's like having two 1080P displays, but with quite a bit more vert...
by Polymorphic
Thu Apr 09, 2020 12:36 pm
Forum: Investing - Theory, News & General
Topic: Impact of newest Fed 2.3 Trillion on corporate bonds
Replies: 56
Views: 3997

Re: Impact of newest Fed 2.3 Trillion on corporate bonds

Stocks paid off due to "risk premium" and poorly managed companies collapsing while better ones come in. With QE infinity, stocks no longer have risk premium. We should say goodbye to long term real returns. Stocks are looking less like "productive assets" and more like commodit...
by Polymorphic
Wed Apr 08, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9911

Re: Cares Act Payroll Protection Program

I still can't get a participating bank (even the ones I have a prior relationship with) to respond to my emails, answer the phone, or call me back. I'm beginning to operate under the assumption that I will not be able to get this relief.
by Polymorphic
Tue Apr 07, 2020 3:44 pm
Forum: Personal Investments
Topic: Opened An IRA- Torn Between VTSAX and VTWAX
Replies: 15
Views: 1511

Re: Opened An IRA- Torn Between VTSAX and VTWAX

I have posted this on other threads, but it represents the perspective of the Total World camp fairly well: Unless an investor feels confident they could have predicted any portion of this graph, or can extrapolate it in a meaningful way going forward, Total World should at least be strongly consid...
by Polymorphic
Mon Apr 06, 2020 3:48 pm
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 166
Views: 18205

Re: Marcus or Ally

This is going to sound silly to some, but Marcus' signup process really annoyed me in a couple of ways: (1) When trying to put my wife jointly on the account, there was no way to list her as "homemaker." The only option provided for her particular situation is "unemployed" with &...
by Polymorphic
Fri Apr 03, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 35441

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I still do not understand it - I am not incorporated sole proprietor with 63k in line 31 for Schedule C attached to my 2019 tax return. My income that went into those 63k was a bunch of 1099s from my clients. if I borrow money under PPP , how do I prove I spent it on 'payroll' for forgiveness purpo...
by Polymorphic
Thu Apr 02, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 35441

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Clarification on sole proprietor vs. self-employed individual:

https://www.youtube.com/watch?v=EQUZSsYyshU&t=132

I wonder if any money will actually be left by the time self-employed individuals are eligible to apply.
by Polymorphic
Wed Apr 01, 2020 7:25 pm
Forum: Personal Investments
Topic: Betterment Portfolio Help
Replies: 9
Views: 655

Re: Betterment Portfolio Help

Thanks for the responses. Now is an excellent time to sell everything in the taxable account. Because it looks like you own the same funds in the Roth IRA, to avoid a wash sale you should sell everything in the Roth IRA and the next day sell everything in the taxable account. Would selling the fund...
by Polymorphic
Wed Apr 01, 2020 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 35441

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

https://home.treasury.gov/system/files/136/PPP--Fact-Sheet.pdf https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/349-billion-emergency-small-business-capital-cleared-sba-and-treasury-begin-unprecedented-public Looks like small businesses and sole proprietors can apply for P...
by Polymorphic
Wed Apr 01, 2020 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 35441

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

https://home.treasury.gov/system/files/136/PPP--Fact-Sheet.pdf https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/349-billion-emergency-small-business-capital-cleared-sba-and-treasury-begin-unprecedented-public Looks like small businesses and sole proprietors can apply for P...
by Polymorphic
Tue Mar 31, 2020 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Taking SBA Loan When Not Absolutely Needed - Moral Considerations
Replies: 18
Views: 1554

Re: Taking SBA Loan When Not Absolutely Needed - Moral Considerations

I might be applying for the PPP, but I’m not sure yet how that works as a sole proprietor (my “payroll” is whatever I happen to earn minus expenses). My most important client has already hinted that they might not be able to pay me next month, so I’m not wrestling with the moral aspect.
by Polymorphic
Thu Aug 29, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: Maui Honeymoon Daily Spending Budget
Replies: 39
Views: 2925

Re: Maui Honeymoon Daily Spending Budget

Coming up on my 15th anniversary, I can't say I wish I'd spent less on my honeymoon. In fact, I wish I could have spent more (we were poor).
by Polymorphic
Mon Aug 26, 2019 8:27 pm
Forum: Personal Consumer Issues
Topic: Desk: Where can I found one like this?
Replies: 16
Views: 2011

Re: Desk: Where can I found one like this?

That’s a “Mission” style desk. Many places sell them. I think I bought one in this style at Target back in the day.
by Polymorphic
Thu Aug 22, 2019 6:20 pm
Forum: Personal Investments
Topic: 1 etf for 4
Replies: 15
Views: 2768

Re: 1 etf for 4

I realize this is an old thread, but since it came up at the top of my search for “fidelity AOA”, I’d like to add that iShares AOA is now commission-free at Fidelity.
by Polymorphic
Mon Aug 19, 2019 5:03 pm
Forum: Personal Consumer Issues
Topic: Poll: Beater or Luxury car for long daily commute
Replies: 33
Views: 1439

Re: Poll: Beater or Luxury car for long daily commute

For a long commute, safety would be my first consideration, and "beater" IMO implies below-average safety.
by Polymorphic
Thu Aug 15, 2019 10:51 pm
Forum: Personal Consumer Issues
Topic: Headache buying new minivan
Replies: 37
Views: 4438

Re: Headache buying new minivan

The Odyssey is the better vehicle to drive IMO. But most people don’t buy minivans for the driving dynamics. Contrary to a prior post, 2014 Odysseys aren’t known for transmission problems. It was an older generation that had transmission problems. I owned a 2011 Odyssey for 90,000 flawless miles. On...
by Polymorphic
Wed Aug 14, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Lawn mower
Replies: 25
Views: 2703

Re: Lawn mower

I'll join the "Honda" chorus. Mine is seven summers old now and has been trouble-free, aside from routine maintenance.
by Polymorphic
Wed Aug 14, 2019 9:15 am
Forum: Personal Consumer Issues
Topic: Geekbench Scores: Single vs Mult-Core Scores?
Replies: 16
Views: 1232

Re: Geekbench Scores: Single vs Mult-Core Scores?

Add me to the group of nerds who thinks that multi-core performance is increasingly important. For a modern operating system running modern software, I no longer recommend less than four cores, even for general-purpose use. That said, all the Mac Minis will probably suit your needs. If you create me...
by Polymorphic
Fri Jun 28, 2019 9:42 am
Forum: Personal Consumer Issues
Topic: Trex decking or alternatives?
Replies: 44
Views: 5447

Re: Trex decking or alternatives?

NHRATA01 wrote: Fri Jun 28, 2019 9:20 am Trex I believe has changed a bit in the past 10 years, my in laws did a deck in '08 and it has not held up well. But I believe that was the bare composite they made back then, and I think have since moved to a capped composite like others.
I believe this is correct.
by Polymorphic
Thu Jun 27, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else unable to afford a home/have six figure income?
Replies: 60
Views: 7743

Re: Anybody else unable to afford a home/have six figure income?

mcraepat9 wrote: Thu Jun 27, 2019 10:53 am
livesoft wrote: Wed Jun 26, 2019 3:45 pm I must admit that I never understood why anybody would be anxious to buy a home, but I'm weird in more ways than that.
I never understood this either.
I look back fondly on my years of being a renter. But my wife wanted to own a home, so we compromised and bought a house. :D
by Polymorphic
Tue Jun 25, 2019 1:24 pm
Forum: Personal Consumer Issues
Topic: Used Minivan - Recommendations?
Replies: 34
Views: 2003

Re: Used Minivan - Recommendations?

I'm in the same scenario. I really struggle when prices for a used (approx. 2016) Honda Odyssey seems to be more expensive than a new Dodge Grand Caravan. Does anyone have any experience (good or bad) with the Grand Caravan? I'll add that after our 2019 Odyssey was totaled, our interim rental vehic...
by Polymorphic
Tue Jun 25, 2019 12:59 pm
Forum: Personal Consumer Issues
Topic: Used Minivan - Recommendations?
Replies: 34
Views: 2003

Re: Used Minivan - Recommendations?

I think the Odyssey and Sienna are both great choices. Only downside to the buyer is that they command a premium even when used. I've owned three Odysseys, and I'm rather partial to them. The second one (a 2019) sacrificed itself to save my entire family from serious bodily injury or worse. The cops...
by Polymorphic
Mon Jun 24, 2019 7:51 pm
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica - Yes or No
Replies: 29
Views: 2582

Re: Chrysler Pacifica - Yes or No

I wanted to pull the trigger on a Pacifica, but couldn't make the leap due to expected reliability and depreciation.
by Polymorphic
Mon Jun 10, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 19882

Re: Are You Dumping Netflix?

We will drop Netflix when Disney's new streaming service goes live. Maybe sooner. It's obvious that Netflix is spending a fortune on new content, but not obvious that any of that new content is actually any good. I've been pretty disappointed by the last few "original" shows I've watched o...
by Polymorphic
Mon Jun 10, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Visa credit limit
Replies: 48
Views: 6680

Re: Costco Visa credit limit

Strange.

I have both these cards. Combined credit limit is $25.5K, and neither card has a credit limit below $10K.

I've never asked for a limit increase. Credit score is around 830.
by Polymorphic
Mon Jun 10, 2019 1:47 pm
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 8657

Re: Do you drive old cars for long distance travels?

If I had the choice, I would not. For the past 15 years or so I have had a choice, and therefore I haven't driven old cars over long distances. However, mechanical reliability is no longer my primary consideration when evaluating transportation. Very recently, myself, my wife, and our four young chi...
by Polymorphic
Fri Apr 19, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 37369

Re: [2018 tax return - How does it compare to previous years?]

I earned more in 2018 than any prior year (low six figures), but had the lowest effective income tax rate I’ve ever had (-1.5%, and yes, that’s *negative*). Still paid about $15K in self-employment taxes, but I don’t think that’s particularly relevant to what’s being asked here. The child tax credit...
by Polymorphic
Wed Feb 06, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes and avoiding ACA cliff
Replies: 10
Views: 977

Re: Doing taxes and avoiding ACA cliff

Silk McCue wrote: Wed Feb 06, 2019 9:15 pm
No idea what PTC is.

Cheers
Presumably “premium tax credit.”
by Polymorphic
Thu Feb 12, 2015 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Costco/AmEx relationship ending. New Costco MasterCard?
Replies: 85
Views: 1117595

Re: Costco/AmEx relationship ending. New Costco MasterCard?

I was about to take advantage of the Fidelity Amex offer I just received in the mail. Now, I think I'll just stick with the Citi Double Cash MasterCard.
by Polymorphic
Sat Jul 26, 2014 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 6580

Re: Treasury Direct--just blowing off steam

I'm a web developer and I use similar techniques when coding web forms. Trust me when I say spam is an ongoing battle on popular web forms. I'm a developer, too, and in this case I don't think it's spam or SQL injection they're trying to protect against, but rather cross-site scripting (XSS) attack...
by Polymorphic
Fri Jun 20, 2014 8:40 am
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 138
Views: 17443

Re: Cost of car compared to Gross Income

How much was your last car compared to your gross income?
About 43% on a new Honda. In hindsight that was way too much. I'm paying it off in a couple of weeks. I don't plan to take out another car loan ever again. I blame Bogleheads. :D
by Polymorphic
Thu Jun 19, 2014 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Late starters: what age did you start investing?
Replies: 94
Views: 16388

Re: Late starters: what age did you start investing?

I began investing at age 31. Like some others here, starting earlier wasn't really possible due to life circumstances.
by Polymorphic
Tue Jun 17, 2014 5:00 pm
Forum: Personal Investments
Topic: My Roth is also my emergency fund. How to invest it?
Replies: 17
Views: 1800

My Roth is also my emergency fund. How to invest it?

It takes a lot of scrimping and saving to make the maximum annual contribution to Roth IRAs for my wife and myself. Given the choice between contributing to a traditional savings account and our Roth IRAs, we've chosen the latter. However, since the Roths also need to serve as our emergency fund, I'...
by Polymorphic
Tue Jun 17, 2014 10:31 am
Forum: Investing - Theory, News & General
Topic: No bonds at all.
Replies: 176
Views: 16004

Re: No bonds at all.

The reason I asked the question, what do people do if started late in investing like mid 30/s. What do people who are looking at retirement do? Was thinking about annuilites for a sure thing for people looking at retirement, and still investing the rest for future plans, kids, whatnot. I fall in th...
by Polymorphic
Mon Jun 16, 2014 9:17 am
Forum: Personal Consumer Issues
Topic: What octane gas do you use to fill your car?
Replies: 77
Views: 11181

Re: What octane gas do you use to fill your car?

My car runs fine on regular, though Honda has acknowledged that their V6 will produce a bit more horsepower using premium. I personally run 93 octane because at the nearby fuel station, it is ethanol-free, while the 87 and 89 octanes are not.
by Polymorphic
Fri Jun 06, 2014 2:12 pm
Forum: Personal Investments
Topic: 401K employer match. Do you have that?
Replies: 42
Views: 4036

Re: 401K employer match. Do you have that?

Not only does my employer not match, they don't offer a tax-advantaged retirement account at all. I've been thinking about asking fellow Bogleheads if I should be looking for an employer with better benefits, since I'm not sure what the norm is for 401K matching and I got a late start on investing.
by Polymorphic
Wed May 28, 2014 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Letter from CC company (Discover) re: current income
Replies: 31
Views: 7004

Re: Letter from CC company (Discover) re: current income

American Express has asked me to update my income information a couple of times, so Discover doing the same doesn't sound unusual.
by Polymorphic
Fri May 23, 2014 12:27 pm
Forum: Personal Consumer Issues
Topic: [Visiting] Destin, FL
Replies: 21
Views: 2691

Re: [Visiting] Destin, FL

When are you going? Destin can indeed be crowded, which is why my family likes to go in the off-season (typically September). It's still very warm, there aren't any crowds, and rates are quite a bit lower. I agree with other posters that the main attraction in Destin is the beaches (and maybe golf)....
by Polymorphic
Wed Mar 26, 2014 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: young sports stars.. or programmers
Replies: 26
Views: 3570

Re: young sports stars.. or programmers

These salaries you mention just aren't the norm outside of silicon valley. I live in the southeast and you have to be a senior programmer/engineer to even sniff 100k. And even the Silicon Valley salaries don't necessarily make you rich, if you have to pay Silicon Valley cost of living. A senior eng...