Search found 1248 matches

by spectec
Tue Jan 15, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 E-Filing Options [For a small company]
Replies: 7
Views: 431

Re: 1099 E-Filing Options [For a small company]

You can buy a package containing a small quantity of 1099 and 1096 at any Staples or Office Depot. Probably $30 or so for the set.
by spectec
Tue Jan 15, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Duffel Bag vs Wheeled Stand Up traveling
Replies: 78
Views: 3720

Re: Duffel Bag vs Wheeled Stand Up traveling

At 70+ I'm not risking my back when this is available. It's all I ever need when traveling domestically for a week or less. The removable day pack makes it easy to fit the wheeled backpack section into almost all overheads. If I MUST gate check the backpack , I still have all my in-flight stuff pre-...
by spectec
Tue Jan 01, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: Booking an international trip
Replies: 10
Views: 795

Re: Booking an international trip

If you're thinking of S/E Asia, you might also want to consider Myanmar for part of your trip.
by spectec
Tue Jan 01, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on Long Term Disability insurance for a Handyman
Replies: 5
Views: 327

Re: Looking for advice on Long Term Disability insurance for a Handyman

You should also consider buying workers compensation insurance. I hav always carried it even though I'm not required to do so. It isn't a substitute for a good disability policy - it's just extra supplemental insurance. In my case, the premium is fairly low because I'm in a low risk category. Your p...
by spectec
Thu Dec 27, 2018 10:20 pm
Forum: Personal Consumer Issues
Topic: Ticket for speeding
Replies: 66
Views: 5361

Re: Ticket for speeding

These are always so entertaining! I wonder how much the different opinions, knowledge, or lack there of actually helps the OP make a decision? :happy I think the OP has received an amazingly consistent amount of information from NC residents who have actual experience in this situation and legal en...
by spectec
Thu Dec 27, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Ticket for speeding
Replies: 66
Views: 5361

Re: Ticket for speeding

Agree completely with tadamsmar. I've used a lawyer for every speeding ticket my wife and I received over the years (except one occasion when my lawyer told me exactly what to do with a ticket I received in another jurisdiction). I think a lawyer who specializes in traffic cases is well worth their ...
by spectec
Tue Dec 25, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: When to invest 100000?
Replies: 40
Views: 4684

Re: When to invest 100000?

So far, the best time to invest it was Dec 24.
I just can't find where anyone knew to suggest that back in July.
There's a lesson here...
by spectec
Thu Dec 20, 2018 7:27 am
Forum: Investing - Theory, News & General
Topic: A case against buy and hold index investing
Replies: 39
Views: 4447

Re: A case against buy and hold index investing

Buy, hold and rebalance gets attacked as a failure every time stocks drop. Those doing the attacking never provide evidence they did any better. Rick Ferri I've always been of the opinion that buy, hold, and rebalance investors actually smooth out the drops precisely because they generally don't ru...
by spectec
Thu Dec 20, 2018 6:49 am
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 55
Views: 10882

Re: My son was scammed on Craigslist- how to get money back

One thing to always remember, if its too good to be true, it probably is. Doesn't always hold up. In OP's case, they could have been charging a fair amount for rent, which makes it look slightly more legit. Either way, my guess is it was less than $2k...so not the end of the world. And like others ...
by spectec
Wed Dec 19, 2018 7:26 am
Forum: Investing - Theory, News & General
Topic: Bull market is over, run for cover says Alan Greenspan
Replies: 41
Views: 6108

Re: Bull market is over, run for cover says Alan Greenspan

"I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant,"

most relevant Alan Greenspan quote, reportedly in an address to Congress. (Although some sources attribute it to Robert McCloskey)
by spectec
Tue Dec 18, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13132

Re: Is anyone's portfolio not tanking???

I was at 30/70, but noticed that I have dropped to 28/72 recently. So I added a little BRK-B to get back to 30/70. But nothing I've seen resembles "tanking" as I understand it. I definitely have more shares - this is the only way I can get them aside from adding new money.
by spectec
Tue Dec 18, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Question for IRS workers or Accountants [IRS did not process Form 8606]
Replies: 12
Views: 899

Re: Question for IRS workers or Accountants

Make a second call. See if the person you speak with this time tells you the same thing. If they tell you that their notes say the previous person already told you to send it all in again, ask for the employee ID of the previous person and the person you're speaking with. Then when you send it all i...
by spectec
Sat Dec 15, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Tempting
Replies: 38
Views: 5806

Re: Berkshire Tempting

Hmmm...I don't see the benefit of BRK/B over an index i.e. SPX-like fund. In this bear market, BRK/B has got all the downsides of the price action without the benefits of a dividend that you'd would get in an spx fund/etf. This assumes you want to be purchasing equities right now. A dividend isn't ...
by spectec
Sat Dec 15, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Berkshire Tempting
Replies: 38
Views: 5806

Re: Berkshire Tempting

Hmmm...I don't see the benefit of BRK/B over an index i.e. SPX-like fund. In this bear market, BRK/B has got all the downsides of the price action without the benefits of a dividend that you'd would get in an spx fund/etf. This assumes you want to be purchasing equities right now. A dividend isn't ...
by spectec
Sat Dec 15, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 153
Views: 19425

Re: I made a mistake by not selling when the market was high this year

I made another big mistake. I should have taken some gains earlier this year when I had the chance. It seems to me that 10 months of great growth for 2018 has been wiped out in the past few weeks. I don’t have a good question. Just wondering if anyone else is in the same boat. Is this the beginning...
by spectec
Sat Dec 15, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: Berkshire Tempting
Replies: 38
Views: 5806

Re: Berkshire Tempting

Hmmm...I don't see the benefit of BRK/B over an index i.e. SPX-like fund. In this bear market, BRK/B has got all the downsides of the price action without the benefits of a dividend that you'd would get in an spx fund/etf. This assumes you want to be purchasing equities right now. A dividend isn't ...
by spectec
Thu Dec 13, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Received IRS letter - be proactive or sit back?
Replies: 25
Views: 3039

Re: Received IRS letter - be proactive or sit back?

I'd follow the instructions in the letter. I would think that an "investigation" will take place soon, because ex-husband will probably not respond either. At that point, you can make your case that you should be able to claim both children. There's no reason to ignore explicit guidance from the IR...
by spectec
Mon Dec 10, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 62
Views: 7343

Re: Article: Your love of index funds is terrible for our economy

"It is difficult to get a man to understand something when his salary depends upon his not understanding it" - Upton Sinclair I think he means "Your love of index funds is terrible for my economy" +1. Subscriber: "I bought your newsletter because you promised your advice would help build the colleg...
by spectec
Sun Dec 09, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Skipping last COBRA payment
Replies: 25
Views: 2590

Re: Skipping last cobra payment

Insurance companies know very well the risks they are taking. I'm confident the insurance company already knows about the potential for this billing anomaly and they have factored into their premium structure the cost associated with the number of people who will actually notice and take advantage o...
by spectec
Sat Dec 01, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: Do I need to pay for a clean title to sell my car privately?
Replies: 28
Views: 2143

Re: Do I need to pay for a clean title to sell my car privately?

I recommend getting a clean title. Otherwise, you materially diminish your pool of prospective purchasers. For example, if I'm looking at a used vehicle and the seller hasn't gone to the effort to get a clear title I will wonder what else he/she may have been less than thorough on in terms of vehic...
by spectec
Sat Dec 01, 2018 8:19 am
Forum: Personal Consumer Issues
Topic: Underpayment Penalty - Tax Notice Already Paid
Replies: 1
Views: 463

Re: Underpayment Penalty - Tax Notice Already Paid

You can probably ignore the CP-2000 notices, since it's a matter of the collections system lagging behind reality. But to be safe, you could print out a copy of the online info showing the payment date and -0- balance, write "See attached printout" in bold letters on the CP-2000, and mail to the rem...
by spectec
Thu Nov 29, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Standalone Apple Watch any use?
Replies: 5
Views: 860

Re: Standalone Apple Watch any use?

How much for the watch? What series, color, condition?
by spectec
Thu Nov 29, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with $6,000 in gold and silver?
Replies: 40
Views: 3442

Re: What would you do with $6,000 in gold and silver?

If you bought it as an investment, would you buy $6,000 again today? If not, selling it makes sense. But if you bought it for your scenario #2, a doomsday type scenario where physical silver might be a benefit, you may want to keep it regardless of value. If you bought it for your scenario #2, you ...
by spectec
Thu Nov 29, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: Guy's Western US Ski Trip - suggestions?
Replies: 44
Views: 2479

Re: Guy's Western US Ski Trip - suggestions?

You said you're ruling out Utah, but I'll post this anyhow. We've done Snowbird, Alta, Park City over the years. But our best trip overall was to Snowbasin (near Ogden). This was several years ago though, and I don't know if things are still the same there. Utah is hard to beat for short trips, sinc...
by spectec
Wed Nov 28, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Charity in the accumulation phase- Now vs. Later
Replies: 24
Views: 978

Re: Charity in the accumulation phase- Now vs. Later

I agree with the general trend of the answers you are receiving. Responsible charitable causes have needs now, and they depend upon people who are good stewards of all that comes into their possession. If you can't bring yourself to part with time, talent, or treasure for charitable purposes now, yo...
by spectec
Wed Nov 28, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: So that's why 2-day shipping isn't what I expected!
Replies: 41
Views: 5012

Re: So that's why 2-day shipping isn't what I expected!

Our shipping experience with Prime has been fine. Not perfect, but very reliable. I'd say it is much better than most other online retail purchases, although ebay sellers also do very well. Do others on this forum follow the practice of frequently putting online purchases in their shopping cart, fil...
by spectec
Tue Nov 27, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: 2017 Tax Return Help!
Replies: 11
Views: 983

Re: 2017 Tax Return Help!

If they go to a CPA, this return is still going to be paper filed. This isn't a complicated issue at all. Just print the return, sign it, and mail it in. The only issue is whether to use Express Mail or regular First Class. (I'd use Express Mail since there's the FAFSA issue present)
by spectec
Sun Nov 25, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 Tax Return Help!
Replies: 11
Views: 983

Re: 2017 Tax Return Help!

IRS isn't accepting e-filed returns right now, as they are gearing up for 2019. They stopped accepting e-filed returns on Nov 17, 2018. You could have corrected the return and resubmitted electronically between Oct 15 and Nov 17, but that train has now left the station. So you'll need to paper file....
by spectec
Sat Nov 24, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Networth to buy a dual turboprop aircraft?
Replies: 72
Views: 9253

Re: Networth to buy a dual turboprop aircraft?

This thread reminds me somewhat of a task I was assigned when working as controller for a privately-owned manufacturing company many years ago. The owner was a licensed pilot and had become convinced by an airplane salesman that the net cost of owning his own twin engine aircraft would be cheaper th...
by spectec
Sat Nov 17, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: Home sale etiquette: wall repair
Replies: 53
Views: 3680

Re: Home sale etiquette: wall repair

Regarding matching paint - I've never found this very difficult. Just remove an electrical switch plate cover or outlet cover and cut a small piece of painted drywall from the area hidden by the cover. Reinstall the cover and take the cut-out piece to Lowe's. They will produce an exact match at a re...
by spectec
Wed Nov 14, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6884

Re: Wait, do I need a prenup?

I suppose everybody's different. For the past 48 years, my wife and I have viewed marriage as a 100% partnership. Two partners, each giving 100%.
by spectec
Mon Nov 05, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5976

Re: Deal fell through and didn't get escrow money.....

Legally I don't think the amount is important. The only issue is that "consideration" be present in order to make it an enforceable contract, so a check for $1.00 would be sufficient to satisfy that element. But people get hung up on what constitutes a "reasonable" deposit in order to show good fait...
by spectec
Sun Nov 04, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to buy house out of blue but wants us to come up with offer
Replies: 31
Views: 5378

Re: Neighbor wants to buy house out of blue but wants us to come up with offer

Next person to speak loses.
He approached you - he needs to put forth a number, with terms and conditions.
Anything you say other than "Make me an offer" tips your hand.
by spectec
Sun Nov 04, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5976

Re: Deal fell through and didn't get escrow money.....

Well then, the percentage is 100% - in your case.
I'm sticking with an estimate of less than 20% overall.
by spectec
Sun Nov 04, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5976

Re: Deal fell through and didn't get escrow money.....

I'd venture to guess that the earnest money is forfeited in less than 20% of the cases when a deal falls through. Even that figure may be a little high. Earnest money helps honest people act ethically, and is just a speed bump for unethical people.
by spectec
Sat Nov 03, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5976

Re: Deal fell through and didn't get escrow money.....

From a practical standpoint, a contract contingent on the sale of the buyer's house is only half a contract anyhow.
by spectec
Sat Nov 03, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5976

Re: Deal fell through and didn't get escrow money.....

Seems to me the deposit should go back to the buyer in this situation. Absent some provision to the contrary in the contract, the known contingency was simply not fulfilled, so the buyer did not act in bad faith. If the seller wanted all or part of the deposit to become nonrefundable at some point, ...
by spectec
Sat Nov 03, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Buy or Lease New Car (Small Business Tax Question)
Replies: 5
Views: 464

Re: Buy or Lease New Car (Small Business Tax Question)

How much will the car be legitimately driven for business purposes? I would drive it to work daily. In addition, it would be used to transport employees and business related material approximately once per week to different marketing events. Also, the occasional conference would be the only long di...
by spectec
Fri Nov 02, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: Buy or Lease New Car (Small Business Tax Question)
Replies: 5
Views: 464

Re: Buy or Lease New Car (Small Business Tax Question)

How much will the car be legitimately driven for business purposes?
by spectec
Wed Oct 31, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 36
Views: 2373

Re: Travelers Checks

I'd never travel anywhere without cash on hand, generally $200 - $300 domestically and $500 - $800 internationally. Have rarely needed to hit the emergency stash, but it was certainly valuable on those rare occasions when necessary. It's also wise to have some of the local currency on hand before de...
by spectec
Sun Oct 28, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Double taxation
Replies: 6
Views: 1354

Re: Double taxation

+++1 - very through response, and right on target on all points.
by spectec
Fri Oct 19, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 4171

Re: Approach to rescinding a job acceptance

I say make the phone call and move on. If the prospective employer is so petty as to black list you in this situation, then you're probably better off not working for them anyhow. Do what's in your best interests - you can be sure they would. If circumstances called for rescinding the offer after yo...
by spectec
Fri Oct 19, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: SCHEDULE B: Forgot attaching banks list
Replies: 4
Views: 621

Re: SCHEDULE B: Forgot attaching banks list

I filed my 2017 tax (before extension deadline and filed paper forms) but in SCHEDULE B (Interest and Ordinary Dividends), where I correctly reported the total interest from all other banks, I forgot to attach the list although the total amount was reported correctly. The reason I forgot was that t...
by spectec
Thu Oct 18, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 127
Views: 15692

Re: Sears, a 125 year old company is now a penny stock.

They're declaring bankruptcy, yet I'm still getting emails from them asking me to purchase appliance service contracts. :oops:
by spectec
Tue Oct 09, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: New Corp Questions
Replies: 11
Views: 929

Re: New Corp Questions

Well, at least we've given it a couple of bumps.
Maybe someone from NYC will jump in yet.
by spectec
Tue Oct 09, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: New Corp Questions
Replies: 11
Views: 929

Re: New Corp Questions

I wondered about it too.
Maybe "Corporation to Corporation", similar to B2B being "Business to Business ?
by spectec
Tue Oct 09, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: New Corp Questions
Replies: 11
Views: 929

Re: New Corp Questions

Based on your own comments, seems like #4 is the best place for you to start. It isn't going to be cheap, but if your projections are correct you may find professional guidance to be a wise investment.
by spectec
Mon Oct 08, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: New Car: No Collision/Comprehensive?
Replies: 52
Views: 4522

Re: New Car: No Collision/Comprehensive?

Seems like the same reasoning could be used for not insuring one's home if you can afford losing it. In either situation, the premiums are roughly proportional to the risk of loss and value of the asset.
by spectec
Sat Oct 06, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 13224

Re: What purchase saved you the most money?

Long term. Buying good used cars, taking good care of them mechanically, and driving them for many years & miles. We are both in our 70's and I think we have each owned about 5 or 6 cars over the past 48 years of marriage. Recently, a $50 Costco membership. It enabled me to buy a set of top-quality ...
by spectec
Sat Oct 06, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12218

Re: Age in Bonds - Still Recommended?

I'm OK with age in bonds, but I will let mine drift upward about 5%, so I guess I'm really "age+5 in bonds". Also, I don't draw much of a distinction between bonds and fixed-income accounts in the current environment.