Bogleheads.org

Scotttheking

Link there, but as others noted it's a bad link. I'm guessing it'll be fixed soon.

Scotttheking

To belabor the point about flying just a little more, the position of the FAA is that the safest place for a child is in an approved carseat. The reason lap children are allowed is quite simple: Air travel is safer than car travel. If a family needed to buy a seat for the little one, some percentage...

Scotttheking

No gifts means no gifts. People’s inability to respect other’s wishes is sad. For our next event, I’m tempted to put something to the effect of “no gifts. If you want to bring a gift, don’t come. If you bring a gift, you’ll be asked to leave”. But what we’ll end up doing is “any gifts will be for ch...

Scotttheking

If you are itchen to do a renovation and it will bring you happiness, do it!

Scotttheking

My advice, and path, is to fund retirement sufficient for a normal retirement age, such as 65, along with maxing out retirement accounts.
Next would be 529s.
Next would be taxable retirement for earlier retirement.
Next would be taxable fun money.

Scotttheking

Take 3 months off if at all possible.

Scotttheking

Can you confirm that your family is writing the mortgage, ie. not doing loans from both family and bank? That’ll make it easier, and let you skip over a chunk of the feedback above. Yes, only one source of funds (my parents). Thanks to all for the information, very helpful. This would / should allo...

Scotttheking

Thanks to all for the advice. Follow up questions: 1. How would you decide from a purely numbers perspective whether it makes sense to take a loan from the parents at a lower than market rate or get a mortgage from a lender and deduct the interest expense? 2. Is there any scenario where a loan from...

Scotttheking

Is the 401k plan a safe harbor plan? That would get rid of hce rules.

Scotttheking

When my car asks for it. Probably every 6-8 months,which is roughly 6k miles.

Scotttheking

The most cost effective miles redemption I ever got was for a domestic ticket purchased the night before for a family member that was able to travel at the last minute. The $ fare had gone sky high but the miles cost was still available at the standard rate. But that trip doesn't loom large in the ...

Scotttheking

Thanks for the replies. I will confirm with my payroll service. It seems strange to me that using the amounts provided, I owe $1.5k more in taxes even if I take credit for paying the FICA/FUTA. If I don't take credit in the "uncommon, paid SS/Medicare to state" prompt, then I owe $4k more...

Scotttheking

I also am doing the simple route (buying for family, not myself). Picked a dollar amount when first started, and buying that amount * the inflation index from that, so slightly increasing the buy most years. It’s a good enough portfolio for later years if inflation spikes. Not trying to be perfect.

Scotttheking

My goal is to save to cover undergrad and at least some of grad.

Scotttheking

Roth rollovers make more sense than wirhdrawals.

Scotttheking

Order is in.

Scotttheking

You canceled an itinerary with a reasonable connection time and didn't have a better backup plan. Sorry to say, but your pain is self-inflicted. I agree, OP overreacted. 50 min connections are reasonable in most cases. AA owes him nothing. This. You could have asked for a reasonable itinerary chang...

Scotttheking

Gets pretty cold here, and when it does (say single digit temps or lower) the heat pump unit gets more noisy outside. So, our HVAC person advises switching indoor thermostat to EM HEAT so the heat pump quits running. She tells us the heat pump just can't keep up (and we notice that it does take lon...

Scotttheking

No. You can fund a roth if you have earned income and meet the income limits, but you have to take the rmd and pay taxes on it.

Scotttheking

I find it hard to believe that this is given the time of day on this forum, full of intelligent people. Did you read the other responses? Most are telling the OP that the goal should be to cover your expected expenses, not to achieve a percent of pre-retirement income. Right but still 101 posts? Fo...

Scotttheking

First, enter what you paid to the nanny. This will generate schedule H and your tax software will tell you you owe lots of money. Then, enter what you paid as estimated taxes (1040-ES) during the year, which your provider should have listed out (mine did). This is the money that was withheld by the ...

Scotttheking

30-35% of gross income is current best estimate.

Scotttheking

NoHeat wrote: ↑Wed Jan 23, 2019 10:01 pm
H-Town wrote: ↑Wed Jan 23, 2019 9:59 pm Can you fund 529 if you haven't had your first kid yet?
Yes. Name yourself as the beneficiary. Or another qualified relative. After junior is born, change the beneficiary.

Yup. The wife and I captured another year of deduction using that method, too!

Scotttheking

No, because I am funding one.

Scotttheking

The next meeting of DC Bogleheads will be this coming Sunday, January 20, from 2:30-4:30 in meeting room #2 of the Silver Spring library. David Grabiner will be making a presentation on charitable giving and I will be giving a short presentation on one of my favorite reports about the personal fina...

Scotttheking

Sounds perfect, and is how I would tackle it.

Scotttheking

Welp. Just got my email from Ally: At Ally Bank, we're all about delivering on better, and what's better than a little payback? As a thanks for taking advantage of our Payback Time promotion, a cash bonus of $1,000 will be deposited into your account ending in XXXX on or around February 5, 2019. Go...

Scotttheking

Good plan. Do the roth at your age and income level. As others noted, you need wage income to do this plan, but I am guessing you have that.

Scotttheking

Childcare

Scotttheking

No because I do not want to deal with nondeductible IRAs. Otherwise, most definitely.

Scotttheking

Same balances between the wife’s accounts and yours?

Scotttheking

Kid due this calendar year? Wait until they are born and you have a SS #.

Scotttheking

Thanks to everyone that posted. I learned a lot from this forum (as always). This is a new chapter in my life. So, as long as his earned income is less than $12000 and he is my dependent I will not include his earnings in my tax return. He does not have to file either as long as no taxes were withh...

Scotttheking

Childcare and housing are very regional. I would jump for joy at 20k for even a nanny share - my nanny is abour 50k/year for one child (different rate to watch 2 kids). As others said, the big items are espp - if it is a good deal then it should be sold as soon as bought, thus not being an expense a...

Scotttheking

The basic version includes the 5 federal for free, but does charge for state. You have to get at least the deluxe to get the free state filing. As for the discount, there seems to be a long discussion each year as to who is eligible. Not quite. The Deluxe includes includes one free state, i.e. the ...

Scotttheking

Is everyone getting $20 off? I recall last year it was free. That is the norm... some frequent traders and high balance/private client members get offered "free". I'm somewhat surprised that I qualified for "free" this year... I went back under the $1M dividing line due to marke...

Scotttheking

Got it, thanks!

Scotttheking

First house was and is 3.25

Scotttheking

Sometime in my 20s. Was going for 35, but having a kid derailed that. Now shooting for 40.

Scotttheking

I have a full time nanny, happy to answer any questions. 3. You’ll need to buy a workers comp policy. Is the workers comp because she is full time? Workers comp insurance is based on if they are your employee, not number of hours worked. It is not required in every state, but if always a good idea....

Scotttheking

I have a full time nanny, happy to answer any questions. 3. You’ll need to buy a workers comp policy. Is the workers comp because she is full time? Workers comp insurance is based on if they are your employee, not number of hours worked. It is not required in every state, but if always a good idea.

Scotttheking

I have a full time nanny, happy to answer any questions. 1. No deduction for nanny wages. Can use dependent care FSA for a little bit. 2. No benefit to hours above/below 40, but you do pay time and a half over 40 hours. 3. You’ll need to buy a workers comp policy. We use a payroll service, they han...

Scotttheking

I have a full time nanny, happy to answer any questions. 1. No deduction for nanny wages. Can use dependent care FSA for a little bit. 2. No benefit to hours above/below 40, but you do pay time and a half over 40 hours. 3. You’ll need to buy a workers comp policy. We use a payroll service, they hand...

Scotttheking

Grt2bOutdoors wrote: ↑Thu Oct 18, 2018 9:32 pm Btw, the Secret Service is a branch of the Treasury department.

Until 2003. Now it is department of homeland security.

Scotttheking

Open a second brokerage account. I have 2, one for stocks, one holding my cash supply in money markets. The second is linked to cma for overdrafts.

Scotttheking

I plan to.

Scotttheking

My wife recently decided to transfer her Roth IRA account from Fidelity to Vanguard. Since she has a Vanguard Roth IRA mutual fund account, she tried to do the transfer via the internet. Transfers via the internet required establishing a new brokerage account which she did not want to do. Consequen...

Scotttheking

No. Wife’s parents had her as an authorized user when she was in school and never took her off. It was an issue when it came up during our mortgage process with some problem and it was a scramble (and money) to get it removed and fixed. Also, if there’s really an emergency, we would pay and then get...

Scotttheking

All my produce and much of my meat comes from my neighborhood farmers markets. I occasionally go to Whole Foods, Giant Food, and Safeway for things I can't get at the farmers markets. I like my food to be very fresh, and pesticide free. I like my meat and eggs to come from pastured animals. I disli...

Scotttheking

How much do you spend each year?

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