Search found 1295 matches

by gasdoc
Tue Jan 16, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Self pay vs insurance
Replies: 10
Views: 779

Re: Self pay vs insurance

Hi, We currently have HSA insurance with $5685/11370 deductible plan. I was wondering if it would be cheaper to pay for most medical expense as self pay (without submitting to insurance) ? If so, can the expenses still be submitted to insurance so it counts toward the deducible? Thanks No, if you s...
by gasdoc
Mon Jan 08, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6331

Re: Hot Water Delay at faucet/shower far from water heater

We had this issue. I don't mind waiting for the shower to warm up because I turn it on while I get ready for it, and it only takes 90 seconds to warm up. The sinks were a different issue. Waiting 90 seconds to wash your hands or brush your teeth is a pain. We solved it by installing a small auxilla...
by gasdoc
Mon Jan 08, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: New 529 Plan Rules
Replies: 22
Views: 2111

Re: New 529 Plan Rules

Just curious, when our daughter was kindergarten age, we were still working on funding her 529b fund, with the idea of having full funding by college year. People are now talking about using the funds for elementary school and later. How are people managing their 529's? Are they being funded by gran...
by gasdoc
Mon Jan 08, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Roth or Taxable?
Replies: 13
Views: 1244

Re: Bonds in Roth or Taxable?

Thanks for the very interesting article link at WCI. Definitely some good info there that certainly makes me agree that Taxable seems to be a better location for Bonds rather than a Roth. I haven't read the WCI article, and I respect WCI immensely, but isn't that advice a bit short sighted? Doesn't...
by gasdoc
Sun Jan 07, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 3983

Re: Downsizing to one car in retirement...

We are planning to retire to "The Villages," in Florida. You can get anywhere in a golf cart. Our garage there holds two cars and a golf cart, but it's a tight squeeze. Our plan is to downsize to one car, with one golf cart as back up transportation, leaving room for storage in the garage.

gasdoc
by gasdoc
Sat Jan 06, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard: No more buy/sell transactions in writing?
Replies: 31
Views: 2515

Re: Vanguard: No more buy/sell transactions in writing?

I have never thought Vanguard was great as a “bank.” I use Capital One for mobile deposits, then transfer electronically to Vanguard. My LLC funds are direct deposited.

Gasdoc
by gasdoc
Wed Jan 03, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Consolidate to Single Financial Institution?
Replies: 30
Views: 2226

Re: Consolidate to Single Financial Institution?

For us, it is Vanguard for investments and an online bank and local credit union for banking. (Also an HSA at Saturna).

gasdoc
by gasdoc
Wed Jan 03, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Conversion Question
Replies: 6
Views: 421

Re: Backdoor Roth Conversion Question

retiredjg wrote:
Wed Jan 03, 2018 11:58 am
gasdoc wrote:
Wed Jan 03, 2018 11:41 am
He'll have to make sure the 401k accepts rollovers.
Fidelity might be a good choice. Vanguard does not.
Thanks. I just told him the same thing.

gasdoc
by gasdoc
Wed Jan 03, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Conversion Question
Replies: 6
Views: 421

Re: Backdoor Roth Conversion Question

Because of income limits, he does not qualify for a deductible IRA. gasdoc This does not mean he can't contribute to Roth IRA. Has he checked? Does he really need the back door? If yes, the SEP IRA is definitely in the way. A solo 401k would solve that, but it must be one that accepts an inbound ro...
by gasdoc
Wed Jan 03, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Conversion Question
Replies: 6
Views: 421

Re: Backdoor Roth Conversion Question

I had just read the Kitces article myself, and I appreciate your explanation as well. I was wondering if setting up a solo 401K would be the answer, and your response seems to confirm that it would be. (We are both self employeed, on 1099's.). Thank you.

gasdoc
by gasdoc
Wed Jan 03, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3422

Re: Retirement accounts and physician SCorps

...My understanding is the pass-through S-distributions have to be limited in order to not reduce reasonable W-2 wages of a physician. For example, if a physician has $500,000 of compensation, you cannot classify that compensation as $100,000 of W-2 and $400,000 of S-distributions... goodenyou, Ass...
by gasdoc
Wed Jan 03, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Conversion Question
Replies: 6
Views: 421

Backdoor Roth Conversion Question

Hi, folks. I have a younger colleague doing a Backdoor Roth Conversion at Vanguard for the first time. Because of income limits, he does not qualify for a deductible IRA. He also has a SEP plan (pretax) at another institution, and he is considering transferring that SEP to Vanguard. Will this transf...
by gasdoc
Wed Jan 03, 2018 7:42 am
Forum: Personal Consumer Issues
Topic: Convert drafty wood burning fireplace to more efficient
Replies: 21
Views: 1685

Re: Convert drafty wood burning fireplace to more efficient

I'll chip in here with a recommendation for a ventless insert although I know there will be many who say those are not safe. Advantages: Cost less than Direct Vent especially if considering install costs. Generally much better (more realistic) looking flames. Puts much, MUCH more heat into a space ...
by gasdoc
Wed Jan 03, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 131
Views: 10350

Re: Do you meditate?

How about the studies where they take an experimental group and teach them meditation and have them meditate every day for a period of time, and they take a control group and have them simply sit quietly every day for the same period of time. Then, after a number of weeks, they check functional MRI'...
by gasdoc
Sat Dec 30, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1082

Re: How many years of deductions for a new DAF?

This is the OP. I just opened a DAF at Vanguard, and via online transaction donated 5-10 years worth of charitable donations. It puts me further from my financial independence number :( but will be good in the long run. Thanks, gasdoc I'm very impressed that Vanguard would be able to do this after ...
by gasdoc
Sat Dec 30, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1082

Re: How many years of deductions for a new DAF?

This is the OP. I just opened a DAF at Vanguard, and via online transaction donated 5-10 years worth of charitable donations. It puts me further from my financial independence number :( but will be good in the long run.

Thanks,
gasdoc
by gasdoc
Fri Dec 29, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1082

Re: How many years of deductions for a new DAF?

Iorek wrote:
Fri Dec 29, 2017 10:33 pm
Their website still indicates you can contribute Vanguard securities thru Vanguard.com (or a mailed check) until Dec 31
That is what I am hoping. I am on call tonight, in house. Tomorrow will be my next opportunity.

gasdoc
by gasdoc
Fri Dec 29, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1082

Re: How many years of deductions for a new DAF?

I am considering what will probably be 7-10 years of deductions, but only because I am considering donating one fund in its entirety that I no longer want to own, but have put off selling due to the capital gains I would incur. Other than the loss of liquidity that was mentioned above, is there a d...
by gasdoc
Fri Dec 29, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Donating shares from Vanguard
Replies: 17
Views: 1045

Re: Donating shares from Vanguard

For 2017, there is only time to open the DAF at the same institution where the shares are held. There is not enough time to transfer shares. gasdoc, did you notice in some of the other threads that you can open a Fidelity DAF and fund it via a grant from your Vanguard DAF? This would have no effect...
by gasdoc
Fri Dec 29, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Donating shares from Vanguard
Replies: 17
Views: 1045

Re: Donating shares from Vanguard

OP may still have time to open a donor advised fund with VG shares, but I think that has a $25k minimum (although once you open the account you wouldn't have to contribute the entire $25k in a single year or to a single organization). This is why many people, including me, opt to open a Fidelity DA...
by gasdoc
Fri Dec 29, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2769

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

And at POF and gasdoc, yes it is too late to start the DAFs, at least w/ appreciated holdings. When I browsed the FAQ section of the Vanguard Charitable website, it had a list of cut-off dates, and I think it was 12/21 to start it w/ a transfer of holdings. This was the same for Fidelity's DAF. The...
by gasdoc
Fri Dec 29, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Donating shares from Vanguard
Replies: 17
Views: 1045

Re: Donating shares from Vanguard

OP may still have time to open a donor advised fund with VG shares, but I think that has a $25k minimum (although once you open the account you wouldn't have to contribute the entire $25k in a single year or to a single organization). This can be done up until Dec 31, if it is done online at Vangua...
by gasdoc
Fri Dec 29, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1082

Re: How many years of deductions for a new DAF?

I am considering what will probably be 7-10 years of deductions, but only because I am considering donating one fund in its entirety that I no longer want to own, but have put off selling due to the capital gains I would incur. Other than the loss of liquidity that was mentioned above, is there a do...
by gasdoc
Fri Dec 29, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1082

How many years of deductions for a new DAF?

For those of us funding a new Donor Advised Fund for 2017, is there an optimum number of years one should fund? I have seen posts here that have been all over the place. Is there a way to think about this rationally? Thanks.

gasdoc
by gasdoc
Fri Dec 29, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2769

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

May I sneak in a quick question? I was looking over my 2016 1040, and noticed a line where $1K was added for the AMT. I assume this means I came under the AMT by about $1K. I am thinking there is therefore no reason to start a DAF because I would not really be able to deduct the contribution. Corre...
by gasdoc
Fri Dec 29, 2017 7:56 am
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4490

Re: Diamonds are forever.

Thanks for the comments everyone! They are all helpful.

gasdoc
by gasdoc
Fri Dec 29, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2769

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

May I sneak in a quick question? I was looking over my 2016 1040, and noticed a line where $1K was added for the AMT. I assume this means I came under the AMT by about $1K. I am thinking there is therefore no reason to start a DAF because I would not really be able to deduct the contribution. Corre...
by gasdoc
Thu Dec 28, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2769

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

livesoft wrote:
Thu Dec 28, 2017 8:13 pm
Incorrect. Charitable contributions are not an AMT preference item like property taxes. You can check this yourself with tax software.
Thanks, livesoft, so perhaps I should reconsider.

gasdoc
by gasdoc
Thu Dec 28, 2017 8:20 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4490

Re: Diamonds are forever.

This is the OP. We went together to the local store, and decided to go with just adding two smaller diamonds to the solitary diamond she already has. The two diamonds were priced at $4.1K each. The sales lady said she could give us a good deal, and dropped the price to $2.1K each. I got the "stats" ...
by gasdoc
Thu Dec 28, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2769

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

May I sneak in a quick question? I was looking over my 2016 1040, and noticed a line where $1K was added for the AMT. I assume this means I came under the AMT by about $1K. I am thinking there is therefore no reason to start a DAF because I would not really be able to deduct the contribution. Correc...
by gasdoc
Thu Dec 28, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3422

Re: Retirement accounts and physician SCorps and Tax Reform

This is the OP. I appreciate all of the clarifying comments. My situation is interesting. I am an SCorp. My "reasonable salary" was $265K in 2016. Due to a rich retirement plan and various deductions, my "taxable income" was $215K. I wonder where this leaves me with the new pass thru tax laws. gasd...
by gasdoc
Thu Dec 28, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3422

Re: Retirement accounts and physician SCorps and Tax Reform

This is the OP. I appreciate all of the clarifying comments. My situation is interesting. I am an SCorp. My "reasonable salary" was $265K in 2016. Due to a rich retirement plan and various deductions, my "taxable income" was $215K. I wonder where this leaves me with the new pass thru tax laws. gasdoc
by gasdoc
Wed Dec 27, 2017 1:07 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4490

Re: Diamonds are forever.

I generally read all posts before replying. But the hating was icky. I think centrifuge probably gave the best advise. My guy upgraded on the cut/clarity but did not upgrade on the size. We picked the band out together. I get tons of complements on my ring. And I did not need a big ring. Blood diam...
by gasdoc
Wed Dec 27, 2017 1:05 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4490

Re: Diamonds are forever.

One of the best resources out there on the jewelry front are the pricescope forums - this one in particular has a ton of great info on diamond buying (and to a lesser extent finding a good jeweler): https://www.pricescope.com/community/forums/rockytalky.3/ There are a number of good internet vendor...
by gasdoc
Wed Dec 27, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4490

Re: Diamonds are forever.

De Beers still controls a sizable percentage of diamonds, but it's not as big of a percent as in years past. So, diamond prices are becoming a little bit more market-driven (e.g. demand from other countries is part of the reason for the high price). Of course, there's still a huge markup. Stores ca...
by gasdoc
Wed Dec 27, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4490

Re: Diamonds are forever.

One of the most fun things my wife and I did was to have rings designed and custom made by a local jeweler. They were actually less expensive than buying similar rings “off the rack” at the mall. And now we get to look at them every day and remember the experience. Just sayin’. All you haters. Shee...
by gasdoc
Wed Dec 27, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4490

Re: Diamonds are forever.

From a personal finance perspective diamonds are a waste of money. +1. OP, I think an important consideration is if you do spend a lot of money on a new diamond ring, how comfortable would she be with wearing it on a regular basis? This sort of discussion has come up before on this forum when membe...
by gasdoc
Wed Dec 27, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4490

Re: Diamonds are forever.

One of the most fun things my wife and I did was to have rings designed and custom made by a local jeweler. They were actually less expensive than buying similar rings “off the rack” at the mall. And now we get to look at them every day and remember the experience. Just sayin’. All you haters. Shee...
by gasdoc
Wed Dec 27, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4490

Diamonds are forever.

I am looking to upgrade the wedding rings for DW. Aside from the convenience of walking into the local jewelry store, what is the best way to buy jewelry with diamonds? Online? New York? The Caribbean? Your "Friend in the Diamond Business?" I am not sure how to actually compare prices on jewelry. Wh...
by gasdoc
Wed Dec 27, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund if your tax circumstances will change in the future
Replies: 75
Views: 4984

Re: Donor Advised Fund if your tax circumstances will change in the future

Artsdoctor wrote:
Wed Dec 27, 2017 9:55 am
If you're interested in using Vanguard Charitable, these are the dates/deadlines they are posting on their website:

https://www.vanguardcharitable.org/indi ... bution/FAQ
Yes- that is where my info came from as well. But December 31 is a Sunday this year....

gasdoc
by gasdoc
Wed Dec 27, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund if your tax circumstances will change in the future
Replies: 75
Views: 4984

Re: Donor Advised Fund if your tax circumstances will change in the future

Must the DAF be set up in 2017, or can it be set up in 2018, and used in 2018 to pay charities for 2017? The main thing to remember is that the DAF is a charity. So if you want to deduct contributions to it in 2017 it has to be set up and funded in 2017. You can then make grant recommendations to y...
by gasdoc
Wed Dec 27, 2017 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund if your tax circumstances will change in the future
Replies: 75
Views: 4984

Re: Donor Advised Fund if your tax circumstances will change in the future

Must the DAF be set up in 2017, or can it be set up in 2018, and used in 2018 to pay charities for 2017?

gasdoc
by gasdoc
Tue Dec 26, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3422

Re: Retirement accounts and physician SCorps

https://www.physicianonfire.com/tax-reform-physicians/ https://www.whitecoatinvestor.com/forums/topic/pass-thru-deduction-explained/ Thanks for linking these, Concernedkid. I think we all owe PhysicianOnFire and WhiteCoatInvestor a shoutout for the work they are doing in their blogs. Even where the...
by gasdoc
Sun Dec 24, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3422

Re: Retirement accounts and physician SCorps

So, I think a normal retirement contribution is deductible for the phaseout. If one has a large retirement contribution, for example with a defined benefit plan, would the entire contribution still be deductible?

Gasdoc
by gasdoc
Sun Dec 24, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3422

Re: Retirement accounts and physician SCorps

My understanding is that physicians will not be eligible for the favored pass-through rates (physicians, lawyers, accountants, financial advisors, etc.). There's a list which you can search for. From Forbes: "Separately, the income deduction is not available to what the law calls a 'specified servi...
by gasdoc
Sun Dec 24, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement accounts and physician SCorps and Tax Reform
Replies: 48
Views: 3422

Retirement accounts and physician SCorps and Tax Reform

I am reading that tax treatment of SCorps for physicians is phasing out the more favorable corporate rates at total incomes of $315-$415K. For these purposes, what counts as “total income? Do retirement plan contributions affect total income? Are these phase out levels before or after deduction of b...
by gasdoc
Tue Dec 12, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: HDHP with HSA vs PPO breakeven point
Replies: 21
Views: 1203

Re: HDHP with HSA vs PPO breakeven point

Many of us here on Bogleheads use our HSA's as an investment vehicle. Money goes in tax free, grows tax free, and is taken out tax free many years later when it is used for medical expenses. No other investment vehicle has these advantages. To make this work, you must have the financial resources to...
by gasdoc
Mon Dec 11, 2017 8:20 am
Forum: Personal Consumer Issues
Topic: December 22 - Jan 1 vacation
Replies: 21
Views: 2165

Re: December 22 - Jan 1 vacation

A very challenging problem. We have often travelled to cold places over Christmas break. Most of our travels to Canada have been during this time period. Expect plenty of snow and cold, but no crowds. Since we live in the southeast, we don't feel the need to travel to a warm place in the winter. Als...
by gasdoc
Sun Dec 10, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 242
Views: 15645

Re: Do people still use AAA?

We use AAA for the hotel discounts, which are significant. It also keeps me from belonging to AARP (similar discounts) which I don't like because of their politics. We've used them for emergency tire blows and battery jumps (DD actually had them replace her battery one time).

gasdoc
by gasdoc
Wed Nov 29, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5745

Re: When to tell the SO about my financial situation?

Rule 1: The only reliable way to keep all your friends & relatives from knowing all about your financial situation is not to tell anybody about it. If you are married you have to tell your wife and hope she will get on board with Rule 1. IMO, very risky to tell your SO until you are married, or at ...