Search found 709 matches

by theplayer11
Mon Apr 22, 2019 6:09 am
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 186
Views: 14457

Re: How much do you spend on food per month, per person?

$650 for 2 including household items, no meat, lots of fruits
by theplayer11
Sat Apr 13, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 106393

Re: How much money do you want to retire?

$1.5m by age 60. We can easily live on $60k a year until SS.
by theplayer11
Sat Apr 13, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid throwing money at problems?
Replies: 62
Views: 4173

Re: How to avoid throwing money at problems?

something has to give if you want to raise your child
by theplayer11
Sat Apr 13, 2019 6:14 am
Forum: Personal Consumer Issues
Topic: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...
Replies: 72
Views: 4250

Re: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...

I have a good friend who was having her first baby and wanted some advice on a family vehicle. I went with her and her husband to a few places looking at suitable cars. Her requirements were a newer car with under 80k miles and under 20K. I had mentioned a Volvo, Subaru, Honda CRV or Pilot, and a f...
by theplayer11
Thu Apr 11, 2019 5:34 pm
Forum: Personal Consumer Issues
Topic: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...
Replies: 72
Views: 4250

Re: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...

too bad the turbo option is only for the top 2 trims. The Touring Trim is all I need at about $28k. No way I would jump up to the Reserve trim to get the turbo at around $34K.
by theplayer11
Thu Apr 11, 2019 5:43 am
Forum: Personal Consumer Issues
Topic: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...
Replies: 72
Views: 4250

Re: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...

I just bought a 2017 GT fully optioned for my daughter in December. While it handles well and power is "good enough", I can't deny if it was mine I'd be disappointed. Then to my personal daddy cars are an 800hp challenger and Porsche GT3, so take that for what it is worth. Much more fun to drive th...
by theplayer11
Mon Apr 08, 2019 6:32 pm
Forum: Personal Consumer Issues
Topic: New 2019 RAV4 is now out - looks good
Replies: 128
Views: 13957

Re: New 2019 RAV4 is now out - looks good

I was particularly concerned about the noise concerns on the reviews of this 2019 RAV4, it is really the big thing I paid attention to. Coming from an older Toyota Highlander we found the engine to be quieter than that, but not as quiet as the CR-V. This seems to be an issue only when accelerating ...
by theplayer11
Wed Apr 03, 2019 6:01 pm
Forum: Personal Consumer Issues
Topic: 4 days in Munich, Germany
Replies: 28
Views: 1545

Re: 4 days in Munich, Germany

Hofbrauhaus...
by theplayer11
Wed Apr 03, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 665929

Re: What's Your Credit Card Rewards Strategy?

You can transfer Avios between Aer Lingus, BA and Iberia. We were flying Bos-Dub for 25k avios round trip, booking with BA flying Aer Lingus.
Last few years Bos-Mad is the sweet spot, 64k for business class round trip(off season)once in Mad, Cheap Ryan Air flights to final destination.
by theplayer11
Mon Apr 01, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: LLC Solo 401k - Accountant says can't be done
Replies: 15
Views: 731

Re: LLC Solo 401k - Accountant says can't be done

I told my brother in law he should start an HSA. His "adviser" didn't know what an HSA was..and googled it in front of him. Lots of incompetence out there..
by theplayer11
Fri Mar 29, 2019 5:57 pm
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 78
Views: 5706

Re: Shut off water before a vacation

One worries about a flood in one's house during a vacation. Is there any downside to shutting off the water at the main shut off valve before starting your vacation? This would be during a vacation of a week to a week and a half. No, there is no one that I know personally that worries about this. E...
by theplayer11
Fri Mar 29, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 78
Views: 5706

Re: Shut off water before a vacation

all well water in my area and I always turn the breaker off for the well pump.
by theplayer11
Fri Mar 29, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14007

Re: How often do you check your net worth?

I'm intrigued by the people that "don't care about net worth at all". Just seems odd within the Boglehead community. Would love to hear more if anyone wants to share. my properties are going to my kids so what would be the purpose of a net worth figure? I mean I know the approx value and that is go...
by theplayer11
Fri Mar 29, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14007

Re: How often do you check your net worth?

never, net worth is a meaningless figure to me
by theplayer11
Mon Mar 25, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 153
Views: 23132

Re: Is a million really the benchmark for retirement

a couple with no debt can easily retire with $1m in their early 60s. Live on 4% or $40K a year, ACA for healthcare until 65. Hit 67 and another $40k from SS. Might be a little tight until SS kicks in or 1 could start SS at 62.
by theplayer11
Sun Mar 24, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: How to juggle Roth conversions with staying under ACA cliff?
Replies: 22
Views: 1444

Re: How to juggle Roth conversions with staying under ACA cliff?

I'm expecting in the $1.3 - 1.5m range. Debt free and live on under $50k now.
by theplayer11
Sun Mar 24, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: How to juggle Roth conversions with staying under ACA cliff?
Replies: 22
Views: 1444

How to juggle Roth conversions with staying under ACA cliff?

I'm 54 self employed(with wife) thinking about retiring at 58-59. 37% of our retirement savings is in Roths and the rest in i401k and tIRAs. No taxable account retirement savings. So, I would like to convert as much of the i401k/tira to Roth between the age I retire and age 67 when I would start SS....
by theplayer11
Sat Mar 23, 2019 11:36 am
Forum: Personal Investments
Topic: Roth vs Traditional - Tax Bracket and 401K?
Replies: 27
Views: 1458

Re: Roth vs Traditional - Tax Bracket and 401K?

...and he ACA complicates things. I would like to take advantage of a Roth with tax brackets being lower, but need to do tIRA to keep under the ACA cliff.
by theplayer11
Fri Mar 22, 2019 12:55 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 66
Views: 6244

Re: Moving from Vanguard to Merrill Edge

moved my SEP from Schwab to ME as well as Roth from Vanguard to ME. $1,800 bonus(wife did same). I can buy Vanguard ETFs commission free. ME picked up all transfer out fees. I had checking at BOA, so it made sense. I'm liking the change, everything on 1 website.
by theplayer11
Fri Mar 22, 2019 8:49 am
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 66
Views: 6244

Re: Moving from Vanguard to Merrill Edge

Is the bonus going into an IRA account treated as a contribution for current year?
by theplayer11
Mon Mar 18, 2019 5:40 pm
Forum: Personal Investments
Topic: How to get over a $25K stock market loss?
Replies: 125
Views: 10115

Re: How to get over a $25K stock market loss?

times your loss by 10 and that’s what I loss in the dot com bubble....on top of another $250k paper profits. Just take it as a learning experience and move on.
by theplayer11
Mon Mar 18, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: What are the purposes of your travels?
Replies: 60
Views: 3276

Re: What are the purposes of your travels?

Not sure where you are from, but many European countries are not too cold in April. Heck, was mid 60's in Madrid in Feb when we visited.
by theplayer11
Thu Mar 14, 2019 7:04 am
Forum: Personal Consumer Issues
Topic: Tax return maybe lost in the mail
Replies: 12
Views: 982

Re: Tax return maybe lost in the mail

Certified mail should be taken more seriously. If it did reach the IRS and not signed for..major fail.
by theplayer11
Thu Mar 14, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: S-Corp Tax Return: Shareholder's Basis Computation?
Replies: 1
Views: 154

Re: S-Corp Tax Return: Shareholder's Basis Computation?

I think you will need it at some point down the line. Use basis at start of year, add income and subtract distributions. This is if you don't have any other complications such as loans.
by theplayer11
Wed Mar 13, 2019 6:51 am
Forum: Personal Consumer Issues
Topic: Tax return maybe lost in the mail
Replies: 12
Views: 982

Tax return maybe lost in the mail

I sent first class certified mail on 3/1, with expected arrival date of 3/4. It left Salt Lake City distribution(going to Ogden) center on 3/5 and then for the next 3 days tracking indicated "in transit, arriving late". From Match 8 to present, there has been no tracking updates. My question is, sho...
by theplayer11
Tue Mar 12, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: How many companies have you worked for?
Replies: 125
Views: 6232

Re: How many companies have you worked for?

1...myself. No one has an ever told me what to do(besides wifey). Love the freedom.
by theplayer11
Sat Mar 09, 2019 7:47 am
Forum: Personal Consumer Issues
Topic: Men & Women: What do you pack for travel inside 1 carry-on luggage only??
Replies: 160
Views: 9237

Re: Men & Women: What do you pack for travel inside 1 carry-on luggage only??

Newbie Global Traveler needs advice and suggestions and your examples. DW and I. so. . male and female. Various International Travel Vacations (europe, asia, etc) International flights, 3-5 star hotels. 2 - 3 week trips. "One" Carry on max 25 pounds plus 20 L small backpack. (no check in) 1. How ma...
by theplayer11
Fri Mar 08, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I start an S corp?
Replies: 16
Views: 700

Re: Should I start an S corp?

lots of variables, but for some it makes sense. I do my own payroll with Quickbooks and pay an accountant $525 for my 1120s, fed and state. LLC tax is $400 in my state, I do my own personal return. With about $100k in compensation and 50K in distributions, even with the new QBI deduction, I'm still ...
by theplayer11
Fri Mar 08, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: 1120S return... is it advisable to fill it out myself instead of using TaxAct?
Replies: 5
Views: 317

Re: 1120S return... is it advisable to fill it out myself instead of using TaxAct?

how about shareholder basis, schedule M, balance sheet...and your state 1120s?
by theplayer11
Fri Mar 08, 2019 7:12 am
Forum: Personal Consumer Issues
Topic: attacked by off-leash dog
Replies: 220
Views: 7052

Re: attacked by off-leash dog

We have a never ending problem with off leash dogs at our neighborhood park. The topic is discussed ad nauseum on our on line forum and it never gets any better. It is neighbor against neighbor and the dog folks simply believe that the leash law doesn't apply to them. And their classic answer is al...
by theplayer11
Mon Mar 04, 2019 8:36 am
Forum: Personal Consumer Issues
Topic: Men & Women: What do you pack for travel inside 1 carry-on luggage only??
Replies: 160
Views: 9237

Re: Men & Women: What do you pack for travel inside 1 carry-on luggage only??

Iphone is the only device I need. I do bring a very small portable charger to charge iphone if needed during the day. Wear backpack on plane with snacks, passports, ect. For 2 week Europe vacation I can fit the below in a carry on(on wheels), about 20 lbs -2 pairs jeans -5 shirts -14 pairs socks -14...
by theplayer11
Mon Mar 04, 2019 7:38 am
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 909
Views: 164146

Re: Boglehead Beer

Beer is best left on the shelf--the store shelf. And the money you would spend on it is best saved or invested. Alcohol, in any quantity, is very bad for your health. The best way to live a long life in order to enjoy the fruits of savings and investments is to eliminate any habit that is known to ...
by theplayer11
Sun Mar 03, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Wow, my paycheck is now at 2015 levels after the "tax cut"
Replies: 19
Views: 3048

Re: Wow, my paycheck is now at 2015 levels after the "tax cut"

No, you are not alone..but the vast majority of Americans received a tax cut.
by theplayer11
Fri Mar 01, 2019 9:39 pm
Forum: Personal Consumer Issues
Topic: Priority boarding - Why?
Replies: 147
Views: 8098

Re: Priority boarding - Why?

I just about always check my bags no matter what. We are in no rush to grab our luggage. Many times we stop at the lounge, grab a small snack and by the time we get to baggage claim our luggage is enjoying the carousel ride around. We rarely have to wait to pick it up. People are always so stressed...
by theplayer11
Thu Feb 28, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Retirement in Switzerland
Replies: 53
Views: 4737

Re: Retirement in Switzerland

I've vacationed often in Switzerland and the exchange rate to the $ is not just bad, it's really really bad. It would take a great deal more money than I have to retire in Switzerland. A couple questions: What's the health care story? Have you considered Austria? exchange rate is 1-1....everything ...
by theplayer11
Thu Feb 28, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: Priority boarding - Why?
Replies: 147
Views: 8098

Re: Priority boarding - Why?

Just get back from trip to Europe and there was a long ling at the gate to board and the plane wasn't even at the terminal. Once a few people start a line, the herd follows.
by theplayer11
Thu Feb 28, 2019 7:12 pm
Forum: Personal Consumer Issues
Topic: What vacation travel "extras" do you find worthwhile? (and why?)
Replies: 43
Views: 4512

Re: What vacation travel "extras" do you find worthwhile? (and why?)

I wouldn't pay the price for Business class, but do use points for it. After flying business class to Europe the last few yeas, it will be really hard to go back to economy. Not worth while to me is fancy restaurants, no matter where I travel. Why go to a foreign country and eat with other upper cla...
by theplayer11
Thu Feb 28, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: QBI deduction and FreeTaxUSA
Replies: 1
Views: 319

QBI deduction and FreeTaxUSA

Looks like they updated their software from last time I checked. This is for scorp. After entering my K-1 info, this page comes up: Qualified Business Income Deduction You'll need to reduce your QBI by (my company's name) share of the following deductions: Self-Employment Tax Deduction: $0 Self-Empl...
by theplayer11
Sat Feb 16, 2019 4:40 pm
Forum: Personal Investments
Topic: Partially recharacterize Roth IRA contribution for 2018
Replies: 14
Views: 568

Re: Partially recharacterize Roth IRA contribution for 2018

I don’t believe freetax usa handles the statement
The software also doesn’t handle a recharacterization in 2019 for a 2018 contribution. You will need to print out, attach statement, then mail
by theplayer11
Sat Feb 09, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Recharacterization of Roth to TIRA
Replies: 20
Views: 517

Re: Help with Recharacterization of Roth to TIRA

Please answer the following: 1) Was the original contribution made to an existing account? 2) Did you transfer that entire account to ME? 3) Was the ME account a new account with 0 balance when you transferred from VG? 4) Did you make any other transactions (contributions or distributions) from 7/2...
by theplayer11
Sat Feb 09, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Recharacterization of Roth to TIRA
Replies: 20
Views: 517

Re: Help with Recharacterization of Roth to TIRA

I think I can deduct the full $6,500 no mater what gets recharacterized. It's like I contributed the full $6,500 to a TIRA from the start. I believe I read that in a few places. Yes you can. If you recharacterized exactly $6500 plus earnings. But as you say the earnings are a moving target. At some...
by theplayer11
Sat Feb 09, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Recharacterization of Roth to TIRA
Replies: 20
Views: 517

Re: Help with Recharacterization of Roth to TIRA

actually it's for the deduction. Good to know, in that case any small error that leaves something in the Roth does not need to be corrected. You just end up with a slightly smaller deduction. I think I can deduct the full $6,500 no mater what gets recharacterized. It's like I contributed the full $...
by theplayer11
Sat Feb 09, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Recharacterization of Roth to TIRA
Replies: 20
Views: 517

Re: Help with Recharacterization of Roth to TIRA

Assuming the recharacterization is because of an excess Roth contribution and not simply because a deduction is wanted. One of the other options for correcting an excess contribution is to withdraw the exact amount of the excess (no earning included or need to be calculated) after October of the fo...
by theplayer11
Sat Feb 09, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Recharacterization of Roth to TIRA
Replies: 20
Views: 517

Re: Help with Recharacterization of Roth to TIRA

Please answer the following: 1) Was the original contribution made to an existing account? 2) Did you transfer that entire account to ME? 3) Was the ME account a new account with 0 balance when you transferred from VG? 4) Did you make any other transactions (contributions or distributions) from 7/2...
by theplayer11
Sat Feb 09, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Recharacterization of Roth to TIRA
Replies: 20
Views: 517

Re: Help with Recharacterization of Roth to TIRA

has anyone done this? I transferred Roth account from Vanguard in late Dec to Merrill Edge, original contribution of $6,500 on 7/27. If I am reading this correctly the original contribution was made at Vanguard and then transferred top Merrill, and now he wants to recharacterize at Merrill I believ...
by theplayer11
Sat Feb 09, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Help with Recharacterization of Roth to TIRA
Replies: 20
Views: 517

Re: Help with Recharacterization of Roth to TIRA

Call them and tell them you made a $6,500 contribution on 7/27 and you want to re-characterize it. Let them know this was before you transferred the Roth IRA to them. Let them figure it out. That's their job. I think. :happy will try, but I'm responsible for filling out the form. The math isn't har...
by theplayer11
Sat Feb 09, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Help with Recharacterization of Roth to TIRA
Replies: 20
Views: 517

Re: Help with Recharacterization of Roth to TIRA

My impression was that your loss was based on your total account , not just on the one contribution. So for example if your 6.5K contribution went down xxx, but the rest of your account went up the same amount xxx, you would be considered to have no gain/loss on that single contribution. If you don...
by theplayer11
Sat Feb 09, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Help with Recharacterization of Roth to TIRA
Replies: 20
Views: 517

Re: Help with Recharacterization of Roth to TIRA

kaneohe wrote:
Sat Feb 09, 2019 11:14 am
If your only contribution to this account was the one, isn't there a way to recharacterize "all"? Otherwise you will be left w/ pennies short or in excess.
I made my Roth contribution to an existing account so the balance is much higher.