Search found 807 matches

by knightrider
Fri Jul 10, 2020 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Family Member Approached by Solar Company to Lease Land for Solar Panels
Replies: 18
Views: 1659

Re: Family Member Approached by Solar Company to Lease Land for Solar Panels

Seems a bit odd why they are offering ~ 7X the market rate ( 800/sf vs 125/sf ). Probably cheaper to just buy the land instead of lease from someone ?
by knightrider
Fri Jul 10, 2020 10:11 am
Forum: Personal Consumer Issues
Topic: Need advice for raspberry pi
Replies: 36
Views: 2285

Re: Need advice for raspberry pi

Raspberry pi is not for the faint of heart. It's a full blown linux machine that can do anything supercomputers today can do ( but slower ).

It's good if you are already familiar with linux and want to get more in-depth with it.
by knightrider
Thu Jul 09, 2020 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Basic eBay Questions - New to eBay
Replies: 63
Views: 2225

Re: Basic eBay Questions - New to eBay

I had one small value item (a collectible booklet) that the buyer said was creased when he received it. I don't know if it was or not, but gave him what he wanted (I think it was half off), and we were both satisfied. Buyers are a lot more astute than you realize. They are sophisticated and looking...
by knightrider
Thu Jul 09, 2020 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Basic eBay Questions - New to eBay
Replies: 63
Views: 2225

Re: Basic eBay Questions - New to eBay

There's a very good reason why Ebay sides more with the buyer and not the seller. It's because there are A LOT more shady sellers than they are buyers . Way too many sellers waiting for the greater fool to buy their poorly described overpriced junk. Sellers who describe their items well and price to...
by knightrider
Thu Jul 09, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Basic eBay Questions - New to eBay
Replies: 63
Views: 2225

Re: Basic eBay Questions - New to eBay

go_mets wrote:
Thu Jul 09, 2020 9:49 am

All together he is out not just the $54 but also the $40 because he no longer has the shoes to sell.
So he is out $94.

.
It's the cost of doing business. If this happens so much that it affects your bottom line then I would question how you are running your business.
by knightrider
Thu Jul 09, 2020 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Basic eBay Questions - New to eBay
Replies: 63
Views: 2225

Re: Basic eBay Questions - New to eBay

go_mets wrote:
Thu Jul 09, 2020 9:45 am
Nobody said free. But 10% fee for the chance of getting scammed.
NO.
And the alternative is what? Sell locally for much less and waste time dealing with tire-kickers and deadbeats?
by knightrider
Thu Jul 09, 2020 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Basic eBay Questions - New to eBay
Replies: 63
Views: 2225

Re: Basic eBay Questions - New to eBay

bob60014 wrote:
Thu Jul 09, 2020 5:55 am
One reason I stopped using eBay are the high fees for selling and for payments.
So access to a global market of buyers should be free?
by knightrider
Thu Jul 09, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Basic eBay Questions - New to eBay
Replies: 63
Views: 2225

Re: Basic eBay Questions - New to eBay

TomatoTomahto wrote:
Thu Jul 09, 2020 7:49 am
If you have Nextdoor, I’d try that.
Nobody uses Nextdoor in my area. The smaller the market, the less you will get for it and the longer it will take to sell.
by knightrider
Thu Jul 09, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Basic eBay Questions - New to eBay
Replies: 63
Views: 2225

Re: Basic eBay Questions - New to eBay

All it takes is a buyer like the one Watty describes to completely "bankrupt" you. By the way, the refund time with Paypal is 6 months! Absolutely ridiculous. Even Walmart and Target's refund time is only 3 months. How is $40 going to bankrupt anyone? And what's wrong with 6-month warranty? If you ...
by knightrider
Thu Jul 09, 2020 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Basic eBay Questions - New to eBay
Replies: 63
Views: 2225

Re: Basic eBay Questions - New to eBay

We were out; the shoes, the cost of shipping, the sales fees, and additional fees to process the refund. So a buyer is not allowed to leave the country if they buy stuff from you and want to return it? Your story makes no sense. So because you were out $40 you give up on using a platform that earne...
by knightrider
Tue Jul 07, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 20676

Re: What to do with all this MONEY ?

My 2 cents is spend the money on environmentally friendly activities. Taking unnecessary airplane flights is not good for the environment and does not set a good example. As for giving money away, I would not give money to people less frugally minded than myself. Unfortunately that means most people...
by knightrider
Fri Jul 03, 2020 4:48 pm
Forum: Personal Investments
Topic: Where to start with mega backdoor Roth IRA?
Replies: 31
Views: 2082

Re: Where to start with mega backdoor Roth IRA?

That money will sit in an after tax sub account in your 401k until you move it some place. You can move it to any Roth IRA, but it will be easiest to do so at Fidelity. When you move the money, you will have to decide between moving the gains to a traditional IRA or moving them to the Roth IRA and ...
by knightrider
Fri Jul 03, 2020 4:30 pm
Forum: Personal Investments
Topic: Where to start with mega backdoor Roth IRA?
Replies: 31
Views: 2082

Re: Where to start with mega backdoor Roth IRA?

Thanks for all the replies. I know I need to call Fidelity, but want to understand everything before doing so. Let's say I change the "After-tax contribution" to 50%. Where will that money go? Do I need to first open a ROTH to put it into? Or can I use an existing ROTH I already have opened many yea...
by knightrider
Wed Jul 01, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: OK to max out 2020 solo 401k now?
Replies: 12
Views: 651

Re: OK to max out 2020 solo 401k now?

The danger here is that the $60k she's "earned" to date will shrink if revenue goes to zero and expenses continue for the rest of the year. Then at the end of the year it turns out she's only earned $30k on which to base her contribution, for example. You'd know best how possible that scenario is. ...
by knightrider
Wed Jul 01, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: OK to max out 2020 solo 401k now?
Replies: 12
Views: 651

Re: OK to max out 2020 solo 401k now?

Your OP mentioned net income so I'm assuming she is a sole proprietor filing Schedules C and SE. Yes, that is correct. She has earned around $60k to date. So I assume she can make an employER contribution now based on that net income? Then in December or January contribute the rest? And is $60k eno...
by knightrider
Wed Jul 01, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: OK to max out 2020 solo 401k now?
Replies: 12
Views: 651

Re: OK to max out 2020 solo 401k now?

You could do the employee deferral now ($19k), but I'd wait until December or even January to do the employer contribution once you know what her total year end compensation will be. It can be difficult to remove excess employer contributions. Ok. But can I do an employER contribution now based on ...
by knightrider
Wed Jul 01, 2020 9:01 am
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

And when I try and sell this 0.927 share it says, "Quantity must be whole number" Because it's an ETF, and normally you can't buy/sell fractions of shares of ETFs and stocks. Call Fidelity, preferably during market hours, and they'll be able to sell for you. It's also possible it will be automatica...
by knightrider
Tue Jun 30, 2020 4:53 pm
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

I was able to buy the FPIFX index fund but am now left with some "fractional shares" of the old funds. See below:

Image

And when I try and sell this 0.927 share it says, "Quantity must be whole number"

Image
by knightrider
Mon Jun 29, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k - elective deferral agreement question
Replies: 18
Views: 748

Re: Solo 401k - elective deferral agreement question

As has also been pointed out the elective deferral agreement (AKA salary reduction agreement) is used in the vast majority of cases for W-2 employees (including an S-Corp 2% shareholder-employee). In that case, the salary reduction agreement must be completed before any elective deferral. So for a ...
by knightrider
Mon Jun 29, 2020 3:07 pm
Forum: Personal Investments
Topic: Where to start with mega backdoor Roth IRA?
Replies: 31
Views: 2082

Re: Where to start with mega backdoor Roth IRA?

Roth is Roth - no taxes on gains. In this case, it is an alternative to traditional and the combined traditional + Roth contributions cannot exceed $19500 Cool, thanks! Under what circumstances would I want to consider this option? I assume when you say "traditional", you are referring to tradition...
by knightrider
Mon Jun 29, 2020 3:05 pm
Forum: Personal Investments
Topic: Where to start with mega backdoor Roth IRA?
Replies: 31
Views: 2082

Re: Where to start with mega backdoor Roth IRA?

sailaway wrote:
Mon Jun 29, 2020 2:46 pm
Check on the details of your company match. In some plans, they match a % per paycheck, so you may not want to frontload your traditional contributions.
They actually do a year-end "true-up". So this way I can front-load it up :-)
by knightrider
Mon Jun 29, 2020 1:38 pm
Forum: Personal Investments
Topic: Where to start with mega backdoor Roth IRA?
Replies: 31
Views: 2082

Where to start with mega backdoor Roth IRA?

My megacorp offers ability to do mega backdoor ROTH and they allow in-service withdrawals. I've read through the bogleheads wiki but am still confused on where to start. Here's what I see when I login to my company's 401k portal ( through Fidelity ): I am confused on what is the difference among ROT...
by knightrider
Mon Jun 29, 2020 12:40 pm
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

Suggest you go ahead and sell BND today. Wait a minute for the sale to go through (if you use a market order it'll happen right away) and then try to buy the new fund in the same account. Fidelity may allow you to request a purchase because they'll see you have money pending from the settlement of ...
by knightrider
Mon Jun 29, 2020 12:38 pm
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

Suggest you go ahead and sell BND today. Wait a minute for the sale to go through (if you use a market order it'll happen right away) and then try to buy the new fund in the same account. Fidelity may allow you to request a purchase because they'll see you have money pending from the settlement of ...
by knightrider
Mon Jun 29, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: OK to max out 2020 solo 401k now?
Replies: 12
Views: 651

Re: OK to max out 2020 solo 401k now?

fabdog wrote:
Mon Jun 29, 2020 12:18 pm
There's nothing to prevent it... but then she is on the hook to withdraw if something changes during the year... you could put in monthly or quarterly as she has income/expenses

Mike
Is withdrawing a straightforward process? Or does it create some taxable-event mess?
by knightrider
Mon Jun 29, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: OK to max out 2020 solo 401k now?
Replies: 12
Views: 651

OK to max out 2020 solo 401k now?

My wife opened a solo 401k last year. Last year she had $130k net profit. She contributed $19k employee contribution and $24k employer contribution in December 2019. We had a CD mature so have a bunch of cash sitting around. Can we use it to max out her 2020 solo 401k even though we are not sure wha...
by knightrider
Mon Jun 29, 2020 11:23 am
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

If you already have the monies invested with Fidelity, and you want to move from other Fidelity funds to the Fidelity Index 2020 Fund, then you would do what's called an exchange or exchanging shares. Some of my funds are not by Fidelity. For example my SEP IRA is all the Vanguard fund BND . Do I h...
by knightrider
Mon Jun 29, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Stuck on applying for Pandemic UA - glitch?
Replies: 6
Views: 550

Re: Stuck on applying for Pandemic UA - glitch?

Try applying with the state where the work as an employee was performed. You would be likely be filing an "out-of-state" claim with them. Perhaps there has to be a connection between the state of filing (D.C.) and the state(D.C.) where employment occurred. I suppose will have to try that. Though I ...
by knightrider
Mon Jun 29, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Stuck on applying for Pandemic UA - glitch?
Replies: 6
Views: 550

Re: Stuck on applying for Pandemic UA - glitch?

go_mets wrote:
Wed Jun 24, 2020 8:49 pm
You need to file.
Be rejected.
Then file again.

That's how it was for me.
It won't let me even file. It just says I am not eligible to establish a claim..
by knightrider
Mon Jun 29, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 147
Views: 12425

Re: Hopeless Civil Engineer

I did Civil but ended up working for manufacturing industry doing FEA structural analysis. So you may want to explore that industry. Even companies like Microsoft/Amazon hire structural engineering types for analyzing their products. It also helps to learn more about software and coding since those ...
by knightrider
Thu Jun 25, 2020 12:41 pm
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

Then not much is stopping you from moving everything in your tax-advantaged accounts to FF Index 2020. I imagine that Fidelity has an exchange button like Vanguard does. You would want to select “all shares” or the equivalent. Sounds good. In a year or so I might switch to the 2030 or 2025 target r...
by knightrider
Thu Jun 25, 2020 10:59 am
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

rkhusky wrote:
Thu Jun 25, 2020 10:24 am
OP, where do you currently hold your non-401k accounts?
Everything is in Fidelity.
by knightrider
Wed Jun 24, 2020 5:51 pm
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

Fidelity Freedom Index 20XX is the low-cost, index-fund-based series of target retirement date funds. Fidelity Freedom 20XX is active and has a higher cost. The one you linked is fine; I just wanted to point out the difference because it's easy to overlook (e.g., this thread title doesn't have the ...
by knightrider
Wed Jun 24, 2020 5:35 pm
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

Broken Man 1999 wrote:
Wed Jun 24, 2020 5:20 pm
If you use this fund, does it match what you desire for YOUR AA?
I haven't given much thought to AA. My goal is to "sit and forget".. Doesn't the target retirement fund take care of all the AA for you? If not, what else should I be looking at and asking myself?
by knightrider
Wed Jun 24, 2020 5:33 pm
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

The fund you linked is the Fidelity Freedom Index 2020 Fund. That's an important distinction - Fidelity also offers the Freedom series of target retirement date funds, actively managed and with much higher expense ratios (e.g., Fidelity Freedom 2020: https://fundresearch.fidelity.com/mutual-funds/s...
by knightrider
Wed Jun 24, 2020 4:22 pm
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Re: Should I move everything to Fidelity Freedom target retirement fund?

zie wrote:
Wed Jun 24, 2020 3:41 pm
Assuming you want to hold 50% equities, go for it.
I am not sure my target is any % in equity. I am mostly after a risk tolerance that matches someone who will retire in 2020.
by knightrider
Wed Jun 24, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Stuck on applying for Pandemic UA - glitch?
Replies: 6
Views: 550

Re: Stuck on applying for Pandemic UA - glitch?

Just bumping if anyone has an idea. Does it seem like a website glitch or am I not understanding their question?
by knightrider
Wed Jun 24, 2020 3:26 pm
Forum: Personal Investments
Topic: Should I move everything to Fidelity Freedom target retirement fund?
Replies: 33
Views: 2262

Should I move everything to Fidelity Freedom target retirement fund?

My 401k ( 700k ) is all invested in Vanguard 2020 target retirement fund ( 0.05% expense ratio ). I now want to do the same for my ROTH, SEP IRA, TIRA and HSA account. The total of all those are 250k. Seems like FPIFX is what I am looking for. The expense ratio is 0.12 %. If that is ok, do I just se...
by knightrider
Tue Jun 23, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Stuck on applying for Pandemic UA - glitch?
Replies: 6
Views: 550

Stuck on applying for Pandemic UA - glitch?

Trying to help my Dad apply for PUA but he keeps getting stuck on the message: https://i.ibb.co/M9q1PsD/Capture2.png He is a sole-proprietor doing consulting work but also has a part-time job in DC. Is this a glitch in the website? Here is what he is inputting on the previous page: https://i.ibb.co/...
by knightrider
Mon Jun 22, 2020 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Do [we] need life insurance?
Replies: 28
Views: 2229

Re: Do [we] need life insurance?

My philosophy is only insure what you absolutely can not afford to lose. It sounds like you have high incomes and assets. Should anything happen to either of you there is still plenty to live a very comfortable life. Insurance makes sense if you live paycheck to paycheck. Or if you are one of those ...
by knightrider
Tue Jun 16, 2020 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Am I filling out Form 8889 - HSA tax form correctly?
Replies: 10
Views: 289

Re: Am I filling out Form 8889 - HSA tax form correctly?

If in 2018, you only made employee contributions by salary reduction, reported the full amount of W-2 Box 12 Code W and your employee contributions in Line 2. You most definitely reported excess contributions. If you manually split the W-2 Box 12w amount between Lines 2 and 9, it would not show exc...
by knightrider
Tue Jun 16, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Am I filling out Form 8889 - HSA tax form correctly?
Replies: 10
Views: 289

Re: Am I filling out Form 8889 - HSA tax form correctly?

Line 2 should be $0 and Line 9 $7000. Are you sure Line 2 should be $0? The wording says, " HSA contributions you made.... Do not include employer contributions...." . This tells me I should put my employee contribution here. I did the same thing for my 2018 return and don't recall being taxed for ...
by knightrider
Tue Jun 16, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Am I filling out Form 8889 - HSA tax form correctly?
Replies: 10
Views: 289

Am I filling out Form 8889 - HSA tax form correctly?

Shouldn't box 9 on Form 8889 be $1500 instead of $7000? See the pictures below for where I am getting my numbers from. I am using tax software which automatically is putting in $7000 for box 9. Does any of these even matter??! https://i.ibb.co/GPcCHM0/Untitled.png https://i.ibb.co/BNrzzPt/Capture.png
by knightrider
Tue Jun 16, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: Thinking beyond mainstream investing?
Replies: 8
Views: 519

Thinking beyond mainstream investing?

The older I get the more I realize mainstream is for uninformed amateurs. Savvy people generally do things very differently. I know there is the "Three index fund" approach. That is certainly better than mainstream but it is using the same tools that everyone has access to. So are there different in...
by knightrider
Fri Jun 12, 2020 6:36 pm
Forum: Personal Consumer Issues
Topic: Neighbours with a Large German shepard in condo
Replies: 21
Views: 1568

Re: Neighbours with a Large German shepard in condo

I'd want to actually see the "lunge" to know if it might be menacing. Some leashed dogs will run over to a passerby and jump up toward them, but it's usually more of a friendly greeting and not at all menacing or threatening. I feel the lunging/barking is very aggressive. Another condo owner has a ...
by knightrider
Fri Jun 12, 2020 6:17 pm
Forum: Personal Consumer Issues
Topic: Neighbours with a Large German shepard in condo
Replies: 21
Views: 1568

Re: Neighbours with a Large German shepard in condo

adamthesmythe wrote:
Fri Jun 12, 2020 6:11 pm
Consider carrying pepper spray (and be prepared to use it). Or maybe a stout walking stick.
I am not sure either of those would do much given how quickly it would run towards us. Also the stick would probably just get it more excited if I were to hit it with that.
by knightrider
Fri Jun 12, 2020 6:14 pm
Forum: Personal Consumer Issues
Topic: Neighbours with a Large German shepard in condo
Replies: 21
Views: 1568

Re: Neighbours with a Large German shepard in condo

I don't have an answer for the OP. But, I suspect this dog's owner/caretaker/pet parent could use some training on how to care for their dog and how to be a good owner/caretaker/pet parent. Unfortunately, I doubt they will do any training. They are not well regarded in the condo association. Can't ...
by knightrider
Fri Jun 12, 2020 6:13 pm
Forum: Personal Consumer Issues
Topic: Neighbours with a Large German shepard in condo
Replies: 21
Views: 1568

Re: Neighbours with a Large German shepard in condo

LittleMaggieMae wrote:
Fri Jun 12, 2020 5:54 pm
Is the lunging dog also barking? or worse growling? or is the dog all wiggly and "slurpy" -- looking to "slime" you with a big ole dog kiss? Not that a friendly lunging dog is appropriate.
It's lunging and barking. Not sure about the growling. Will play closer attention to that next time.
by knightrider
Fri Jun 12, 2020 5:39 pm
Forum: Personal Consumer Issues
Topic: Neighbours with a Large German shepard in condo
Replies: 21
Views: 1568

Re: Neighbours with a Large German shepard in condo

livesoft wrote:
Fri Jun 12, 2020 5:35 pm
I love German Shepard Dogs. I myself would directly talk to the owner about their GSD. If he doesn't train the dog, then he is in for a heap of trouble. I might even offer to train the GSD for him.
I doubt the owner is doing any training. He just takes it out when it has to do its business.
by knightrider
Fri Jun 12, 2020 5:33 pm
Forum: Personal Consumer Issues
Topic: Neighbours with a Large German shepard in condo
Replies: 21
Views: 1568

Neighbours with a Large German shepard in condo

We live in a 50 unit townhouse style condo complex. One resident got a baby German Shepard a year or so ago. Initially it seemed cute and harmless. But now it will lunge aggressively at anyone who walks by it. I feel if the chain/collar were to break then for sure it would attack me. To make matters...