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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?

Scotttheking

Perfect, thanks.
Goal is to contribute enough annually for the state tax deduction, while using the 5 year rule to a second 529 with lower fees. I don't want to 5 year load the state one due to recapture rules and potential of relocation.

Scotttheking

I'm pretty sure the answer is this is fine, but confirming:
Can one put an amount, hypothetically $50k, into a 529 using the 5 year rule, while continuing to put another amount, $5k per year, into a different 529 plan in order to capture a tax benefit?

Thanks,

Scott

Scotttheking

I’m using vanguard’s muni money market fund.

Scotttheking

I guess they are going to lag for a while. Vanguard Muni Money Market SEC yield is 1.48%. It's an easy decision to go for tax free yield over the same taxable yield. Is this a free lunch compared to VMMXX even for those in the 22% federal tax bracket? 1.48%/0.78 = 1.89% vs VMMXX's current 1.78% yie...

Scotttheking

I guess they are going to lag for a while.
Vanguard Muni Money Market SEC yield is 1.48%. It's an easy decision to go for tax free yield over the same taxable yield.

Scotttheking

Thank you for clarification andy to be specific my brother turned 71 on July 13th. But again I am asking for clarity. . . it was a ROTH. . . not a traditional IRA. Why would he be obligated to have taken an RMD in the year he turned 71? Non-spouse beneficiaries of a Roth are subject to RMD. Travelf...

Scotttheking

I would ask the OP: "What does it mean for an institution to roll out the red carpet?". I'm a Fidelity private client. This means that whenever I call, they ask if I'd like to speak with my specific private client manager, which I always say "no" because I have no desire to go right to voicemail. I...

Scotttheking

Simplified. ... Since you are living in D.C., open D.C. 529 plan. Once you move, open a 529 plan in new location if you get a tax benefit, otherwise find lowest cost plan offered. For simplicity, roll D.C. 529 into new plan if cost are lower. When going to school, use any and all 529 funds to pay fo...

Scotttheking

You are fine, go for it and enjoy it.

Scotttheking

Save the same % we could save in a LCOL area, and have a larger bucket as a result.

Scotttheking

For purchases small enough to fit in normal cashflow, no issues, just a decision of either happiness gained or frustration relieved. For moderate purchases which require touching savings, I use a metric of additional months of work required. In other words, I don't consider the cost in dollars, but ...

Scotttheking

I did that. As you said, I considered it a cost of moving. Could have looked into getting out of the lease early, but it gave time to do some work and have it done before moving in without pressure.

Scotttheking

Contributions in excess of the annual exclusion(s) are still not subject to any gift tax unless and until the lifetime exclusion is exceeded. I don't understand the lifetime exclusion. Does this mean that I needed to have kept track of all previous gifts from my parents, or only those in excess of ...

Scotttheking

I am in the Municipal Money Market. In my tax bracket it beats Ally's Savings acct at 1.15. I am not even bothering with the short-term tax-exempt fund anymore. For an extra 15bp, it isn't worth the interest rate risk. The money market has replaced my short term bond holding for the time being. It ...

Scotttheking

30? Two of us.

Scotttheking

Credit is a tool and it can be a valuable one under the right conditions. That said, what is the advantage of the new Amex card compared to the Fidelity Elan, other than the 20K bonus? are there any advantages? both pay 2% in all categories... One can get more than 1c of value per AMEX MR point by ...

Scotttheking

I wish I had cashed mine out when in low(er) tax brackets.

Scotttheking

I pay.

Scotttheking

I wouldn't at that pay differential. But it depends on the specifics of the role.

Scotttheking

One of the great mysteries to me ar4e the Great Debates over Safe Withdrawal Rates (SWR). I put Safe Withdrawal Rates into Google and it came up with more than 15 million hits. One wonders how people managed to retire without knowing their "SWR." Mathematicians love numbers. Fortunately for them, t...

Scotttheking

Donate the lowest cost basis shares to a donor advised fund.

Scotttheking

I don't know the answer to your question, but was disappointed to hear last year that the FICA income limit was going from $118,500 to $127,200. [OT comment removed by admin LadyGeek] It's indexed to average wages. See https://www.ssa.gov/policy/docs/policybriefs/pb2011-02.html for more information.

Scotttheking

Any thoughts on the best use of Thank you miles? Redemption on American airlines is going down from 1.6 to 1.33 on 7/23/17 but I am finding that it is an expensive redemption even at 1.6. Looking at RT air to Europe, it consumes almost 50k points RT PLUS about $600-700 in fees. I can find full pay ...

Scotttheking

Fidelity is estimating a 0.875 coupon.

Corrected a mistake to match with #Cruncher's post below.

Scotttheking

Lerner wrote:
Scotttheking wrote:Putting in usual annual buy.
I'm also planning to make my regular buy.

Could Scotttheking please elaborate on your schedule for purchasing TIPS?

Annual real dollar amount pegged to the 2010 TIPS inflation factor, bought each February.

Scotttheking

andreiz wrote:
Scotttheking wrote: Being an early employee this may not be relevant, but in case you weren't aware, last I heard they weren't accelerating vesting of options.
Correct, but vast majority (90%) of my options/RSUs are already vested.

Enjoy!

I didn't mention before, but I'm a user of your product.

Scotttheking

andreiz wrote:
Scotttheking wrote:AppD?
Good guess.

Being an early employee this may not be relevant, but in case you weren't aware, last I heard they weren't accelerating vesting of options.

Scotttheking

AppD?

Scotttheking

Putting in usual annual buy.

Scotttheking

HELOC

Scotttheking

1/25 for turbotax download of the forms.

Scotttheking

10-20k for two.

Scotttheking

You have already subtracted your personal exemptions and usual itemized deductions from your wages, right? Be sure you understand what you were told here about how to go about it. Yep AGI is 110K ded is 23k exemp is 12.5K = about 75k before these funds do their dividends and gains distributions. So...

Scotttheking

If you choose to save for college, and even if not, look into refinance options. Any no fee option will save you money, and as mentioned above a 7 year arm is in the realm of possible.

Scotttheking

This is really easy:

Step 1: Write check to child
Step 2: Send check to child
Step 3: Sign letter saying money was a gift
...
---------------
unrelated
...
Child decides to gift parent money/trip/something at some later date

Scotttheking

That depends on the definition of worth it. For myself, $100 off the Prestige card annual fee, 11,700 thank you points from banking activities, and a 15% bonus on earned thank you points with the Prestige card for parking an IRA with them is worth it. Do those perks still remain if someone drops ou...

Scotttheking

Citi pays fairly low interest rates. I wonder if this is part of a larger effort to shift their product focus away from retail banking. That's why I got out of Citibank. They kept trying to entice me to sign up for the Citigold package for the past year or more and wham now they've upped the requir...

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