Search found 34 matches

by iWantToLearn
Fri Feb 28, 2020 6:35 am
Forum: Personal Investments
Topic: Gifting shares to individuals
Replies: 9
Views: 640

Re: Gifting shares to individuals

My spouse and I are considering gifting appreciated shares (long term capital gains) to another Couple and had a few questions. We're considering gifting up to $30k. The potential Recipients do not have a brokerage account and would obviously need to establish one. The gift wouldn't be held long an...
by iWantToLearn
Thu Feb 27, 2020 9:51 pm
Forum: Personal Investments
Topic: Gifting shares to individuals
Replies: 9
Views: 640

Re: Gifting shares to individuals

Thanks for the helpful response Gill. If $30k was gifted with an original purchase price of $20,500 what capital gains would they incur? Their annual income is $70k. Would they be taxed at the long term rate since the original basis exceeds 12 months or would it be considered short term since their ...
by iWantToLearn
Thu Feb 27, 2020 9:20 pm
Forum: Personal Investments
Topic: Gifting shares to individuals
Replies: 9
Views: 640

Gifting shares to individuals

My spouse and I are considering gifting appreciated shares (long term capital gains) to another Couple and had a few questions. We're considering gifting up to $30k. The potential Recipients do not have a brokerage account and would obviously need to establish one. The gift wouldn't be held long and...
by iWantToLearn
Sat May 19, 2018 8:08 pm
Forum: Personal Investments
Topic: Irrevocable Trust question
Replies: 2
Views: 839

Irrevocable Trust question

I have a few questions about assets that are held in an irrevocable trust. I realize that assets that are held in this type of trust are taxed for capital gains like taxable accounts, but at the trust level (separate EIN, but usually at a slightly higher rate). My question is, if funds are then dist...
by iWantToLearn
Mon Feb 26, 2018 10:22 am
Forum: US Chapters
Topic: Nisiprius at 35,000 posts
Replies: 60
Views: 9207

Re: Nisiprius at 35,000 posts

Tamalak wrote: Mon Feb 26, 2018 9:58 am Nisiprius is my favorite poster here. Always shocked me with the knowledge, clarity, and focus of his words!
Agreed! As a way to celebrate, maybe we should all post post some of the posts that we’ve found most insightful?
by iWantToLearn
Fri Mar 10, 2017 9:59 am
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 555
Views: 76470

Re: Your USER NAME...what does it mean?

I like learning about everything..... I often find it hard to narrowly discuss what my hobbies are as I have interest in everything so I realized my true hobby is aspiring towards excellence in all things. Weird, I know.
by iWantToLearn
Thu Mar 09, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 70
Views: 11410

Re: Zero-Turn Mowers

Wricha wrote:I have Scag and am very pleased with it. I paid more than twice what OP is wanting to spend.
Another vote for a Scag. They're a workhorse that will hold up for years. It's worth checking out what you can get one for.
by iWantToLearn
Fri Mar 18, 2016 1:47 pm
Forum: Investing - Theory, News & General
Topic: Recommended 529?
Replies: 33
Views: 5475

Re: Recommended 529?

I trust you've done some web research here - Kiplingers, Morningstar, etc. all have ratings of various plans. From what I recall - the Utah and NY Plans (which others have mentioned) are both typically at the top of rankings for good plans at good prices. I don't think you can go wrong with either....
by iWantToLearn
Thu Oct 08, 2015 1:17 pm
Forum: Personal Investments
Topic: 401k rollover questions
Replies: 7
Views: 769

Re: 401k rollover questions

goingup wrote: but sometimes it's the case that one is not eligible to contribute to a 401K until after 90 days employment.
Thanks for the reply. I asked about this (Sorry, I forgot to include this information) and she seemed to indicate that she will be able to contribute as soon as she begins the positions.
by iWantToLearn
Thu Oct 08, 2015 7:44 am
Forum: Personal Investments
Topic: 401k rollover questions
Replies: 7
Views: 769

Re: 401k rollover questions

My thought was that she could transfer her current 401k to a rollover IRA. Wouldn't this also enable her to contribute to the IRA (in addition her new 401k) and also be a potential landing spot for her to rollover all of her 401ks (since there are likely to be many) from all of her upcoming appoint...
by iWantToLearn
Wed Oct 07, 2015 5:55 am
Forum: Personal Investments
Topic: 401k rollover questions
Replies: 7
Views: 769

401k rollover questions

A friend asked what her options are for her current 401k. She's getting ready to transfer jobs and wanted to potentially move her 401k. Her situation seems unique to me, but I'm sure many others may have seen or experienced similar situations so I wanted to ask the boglehead community for their help...
by iWantToLearn
Wed Jul 29, 2015 5:37 am
Forum: Investing - Theory, News & General
Topic: TSP May Expand Options
Replies: 20
Views: 2202

Re: TSP May Expand Options

So the logic is that people are leaving the TSP for high-cost IRA's, which is bad for them, so let's let them invest in the same high-cost funds through the TSP? Huh? My sense is that a lot of the outgoing transfers are by people who have been encouraged to do so by a financial advisor and/or who b...
by iWantToLearn
Tue Jul 21, 2015 6:46 am
Forum: Personal Consumer Issues
Topic: Update on Brooks Saddle
Replies: 3
Views: 1066

Re: Update on Brooks Saddle

I'm sorry to hear that. My brooks saddle was a complete game changer. I've never been as comfortable on a bike as I am now. I'm glad you've gotten your comfort back though. It's paramount when riding. Which brooks did you have? Where did you purchase it? Some stores have return policies of up to a y...
by iWantToLearn
Thu May 28, 2015 5:51 am
Forum: Personal Consumer Issues
Topic: Heat pump estimate
Replies: 2
Views: 546

Heat pump estimate

Does anyone know what a fair estimate would be to have an American Standard Platinum 20 Heat Pump ( Model: 4A6V0060A1000A, R-410a refrigerant Variable Speed Compressor – 19 SEER 12.7 EER 10 HSPF) installed? They would remove the old unit, include a thermostat, etc. Also, does anyone have any experie...
by iWantToLearn
Sun Apr 26, 2015 6:51 pm
Forum: Personal Investments
Topic: Schwab 529 Plan
Replies: 5
Views: 1102

Re: Schwab 529 Plan

Anyone have any experience/utilize the 529 plan with Schwab? I live in Texas, so I don't get any kind of state tax deduction since there isn't one, but since I hold the majority of my assets at Schwab, I figured it may easier to just have a 529 account there. Their 100% index aggressive allocation ...
by iWantToLearn
Mon Apr 20, 2015 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Policy - $1mil or $1.5mil
Replies: 3
Views: 744

Term Life Policy - $1mil or $1.5mil

The difference between the two policies is fixed to $365 per year. Does anyone have any recommendations on which would be the better investment? Should I stick with the lower amount and save the $365 or should I proceed with the higher amount? We contribute to retirement accounts, etc. and wouldn't ...
by iWantToLearn
Mon Feb 16, 2015 11:30 am
Forum: Personal Finance (Not Investing)
Topic: LLC Tax question
Replies: 9
Views: 660

Re: LLC Tax question

Normally you pay your state taxes in the same way you do your fed taxes, meaning quarterly. If your LLC made $10k in Q1 you'd file estimated taxes in Q1 for fed and state. If it happened in Q4, you'd do it then. If $5k came in Q1 and $5k came in Q4, you'd file estimates in Q1 and Q4 on the $5k each...
by iWantToLearn
Mon Feb 16, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: LLC Tax question
Replies: 9
Views: 660

Re: LLC Tax question

Hayden wrote:Every State is different. What State are you in?

Maryland
by iWantToLearn
Mon Feb 16, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: LLC Tax question
Replies: 9
Views: 660

LLC Tax question

Forgive my ignorance, but I have a question about the appropriate way to file taxes for an LLC that my spouse established this year. If an individual established/has a LLC (sole member) are they required to pay any specific taxes to the state? For example, if the business had $10,000 in sales of the...
by iWantToLearn
Fri Jan 23, 2015 12:50 pm
Forum: Personal Consumer Issues
Topic: anyone here been to the Super Bowl?
Replies: 23
Views: 3546

Re: anyone here been to the Super Bowl?

AZAttorney11 wrote: even head up north to Sedona and Flagstaff.
I second this. These are two fantastic places.
by iWantToLearn
Fri Jan 23, 2015 7:17 am
Forum: Investing - Theory, News & General
Topic: [Lack of] Auto-rebalancing tool at Vanguard
Replies: 70
Views: 20171

Re: Auto-rebalancing tool at Vanguard

There is the option of automatic rebalancing if one utilizes Vanguard's VPAS services. I realize that some may not meet the minimum fund requirement (currently 100k, but rumored to be coming down to 50k), others may not want to pay the fee (.3 percent), while others may not want help or recommendati...
by iWantToLearn
Wed Jan 21, 2015 9:00 am
Forum: Personal Investments
Topic: Likelihood of Admiral shares for the Target Retirement Funds
Replies: 20
Views: 3869

Re: Likelihood of Admiral shares for the Target Retirement F

Call Vanguard. For admiral shares now, use Balanced Index fund. +1 Balanced Index,,superb choice :happy What are your thoughts on using the balanced index in a taxable account? Do you think it's too bond heavy for tax purposes? This account may play a large role as overall savings for our family
by iWantToLearn
Wed Jan 21, 2015 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Where to open a free business checking account?
Replies: 16
Views: 2486

Re: Where to open a free business checking account?

Depending on if one is available in your location, M&T bank has a good business account that would likely meet your needs.
by iWantToLearn
Tue Jan 20, 2015 6:10 pm
Forum: Personal Investments
Topic: Likelihood of Admiral shares for the Target Retirement Funds
Replies: 20
Views: 3869

Likelihood of Admiral shares for the Target Retirement Funds

I believe (I may be mistaken) I read that one of Vanguard's Target Retirement Funds will begin offering Admiral shares. What's the likelihood that Vanguard will begin offering Admiral shares for some of the later retirement dates? I'd Iike to keep the Target Retirement fund due to its simplicity, bu...
by iWantToLearn
Thu Jan 15, 2015 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 46
Views: 4944

Re: Taxact ultimate version $6

From my understanding the $6 ultimate would allow you to also file the schedule C form for business gains or losses. Does anyone know whether this is correct? If so, what a deal. The ultimate version includes every individual tax form that can be filed electronically. :beer What a deal! Hopefully i...
by iWantToLearn
Thu Jan 15, 2015 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Taxact ultimate version $6 - DEAL OVER
Replies: 46
Views: 4944

Re: Taxact ultimate version $6

From my understanding the $6 ultimate would allow you to also file the schedule C form for business gains or losses. Does anyone know whether this is correct? If so, what a deal. Has anyone had much experience with TaxAct. I've never used TaxAct before (previously a Turbo Tax user). Does this price ...
by iWantToLearn
Sun Dec 21, 2014 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2014 and Sched C vs. C-EZ
Replies: 2
Views: 648

Re: Turbo Tax 2014 and Sched C vs. C-EZ

The Turbo Tax Home and Business version provides you the Schedule C. If I'm understanding your inquiry, using this version should allow you to e-file.
by iWantToLearn
Thu Dec 18, 2014 10:42 pm
Forum: Personal Investments
Topic: Value Question VVIAX or VASVX
Replies: 5
Views: 1895

Value Question VVIAX or VASVX

Does anyone have a strong preference over the more expensive Vanguard Selected Value Inv VASVX (ER .43) or the Vanguard Value Index Adm VVIAX (ER .09)? After some thought and review I realize that some (Morningstar included) rate the Selected Value higher, but is it worth the extra fees? If it's any...
by iWantToLearn
Thu Dec 18, 2014 9:03 pm
Forum: Personal Consumer Issues
Topic: Your Favorite Cookbook?
Replies: 68
Views: 8539

Re: Your Favorite Cookbook?

I reccomend "The Feed Zone." Most items are fast and easy to prepare and they'll provide lots of natural energy. It's not just for athletes. The food will make you more full and less apt to snack. However, I wouldn't recommend using this for every meal if you're more sedentary. http://www....
by iWantToLearn
Thu Dec 18, 2014 7:09 am
Forum: US Chapters
Topic: Master Thread for Baltimore/Southern PA Bogleheads
Replies: 64
Views: 30382

Re: Any interest in a Baltimore/Southern PA Chapter?

I'm closer to Frederick and may be interested in joining/attending when I can since I believe this would be the closest group (I'm new and still learning my way around).

Forgive my ignorance, but are meetings just an opportunity to get together to discuss and learn from one another?
by iWantToLearn
Mon Dec 15, 2014 10:58 am
Forum: Personal Consumer Issues
Topic: [Purchasing a Bolt-Action] Rifle
Replies: 31
Views: 4518

Re: [Purchasing a Bolt-Action] Rifle

Traveller wrote:I own a Ruger M77 Hawkeye which I highly recommend. As quickfoot said, save up your nickels for good optics.
I agree with those recommending 270's, especially a Hawkeye (or any Ruger for that matter).
by iWantToLearn
Sun Dec 14, 2014 10:04 pm
Forum: Personal Investments
Topic: Investment Help
Replies: 7
Views: 655

Re: Investment Help

The general rule of thumb for investing priority is: 1. 401k up to the match (TSP up to the match in your case) 2. Max out roth 3. Max out TSP 4. Taxable investing You seem to have skipped step 3 and jumped ahead to step 4. In addition, the funds in your taxable account are not suitable because the...
by iWantToLearn
Sun Dec 14, 2014 9:35 pm
Forum: Personal Investments
Topic: Investment Help
Replies: 7
Views: 655

Re: Investment Help

Welcome! Your taxable savings really need to be considered within your overall portfolio which includes your retirement accounts. Consider posting everything you have here like this https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 What is your desired asset allocation? What are the exp...
by iWantToLearn
Sun Dec 14, 2014 8:17 pm
Forum: Personal Investments
Topic: Investment Help
Replies: 7
Views: 655

Investment Help

Hello all! Desired Asset allocation: 90% stocks/10% bonds Current retirement assets Taxable Cash (Trying to determine whether to purchase something at this point or wait for further possible correction) 12% of portfolio VDIGX Vanguard Dividend Growth Fund 0.31% 23% of portfolio VGHCX Vanguard Health...