Search found 68 matches

by GTBuzz
Sat Dec 07, 2019 12:24 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1996
Views: 340886

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For a recent Schwab bonus I did in a taxable brokerage account, the terms stated: "For taxable accounts, excluding accounts pledged to Charles Schwab Bank, you must maintain the net deposit amount (less any market losses) at Schwab for at least one year or Schwab may charge back the cash bonus."
by GTBuzz
Tue Nov 19, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Rental property sell or rent?
Replies: 21
Views: 1836

Re: Rental property sell or rent?

Started renting it from: 2015 Nov You're aware your capital gains taxes will be based off the difference between the FMV at the time you started renting it and what you sell it for, right? There's depreciation recapture and basis adjustments and all as well. But, it felt like you were thinking taxe...
by GTBuzz
Mon Nov 11, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: BOA card - Preferred platinum and property taxes
Replies: 10
Views: 1677

Re: BOA card - Preferred platinum and property taxes

While property taxes should not count as online shopping, they still may qualify. If possible, do a small test payment, and you should be able to tell in your account a few days later if it was coded with the bonus. This is what I did for my HOA dues that I pay online, and I am now able to get 5.25%...
by GTBuzz
Fri Sep 27, 2019 11:15 pm
Forum: Personal Investments
Topic: Lending Club issue with 9 states
Replies: 2
Views: 720

Re: Lending Club issue with 9 states

Bumping as I just discovered I was impacted as well (also in Florida). I have ~$10,000 in a LendingClub Roth IRA. Returns were initially decent, I got a $300 bonus, and there have been no fees outside of LC's typical fees for each note. I've been essentially reinvesting only in enough new notes to m...
by GTBuzz
Sat Sep 14, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 85
Views: 12433

Re: Primer on Paying Taxes With a Credit Card

Hello, I am attempting to make a 2019-ES Estimated Tax Payment through Plastiq under a 1% fee promo with my 2.625% cash back BoA Premium Rewards card. When I go through Plastiq's https://www.plastiq.com/us-taxes/ link, the payment recipient address pre-populates as the Austin, TX IRS service center ...
by GTBuzz
Mon Jul 29, 2019 9:38 am
Forum: Personal Investments
Topic: 401k, IRA and Roth IRA contribution limits
Replies: 10
Views: 556

Re: 401k, IRA and Roth IRA contribution limits

Yes, you can contribute $25,000 towards your 401k AND $7,000 toward all of your IRA's. The IRS basically considers all of your IRA accounts as a single IRA, so you can't use multiple IRA's to increase your contribution limit. Also of note is that any employer matching or profit sharing contributions...
by GTBuzz
Mon May 20, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 15817

Re: FIRE - What am I missing in the News Stories

If a FIRE proponent retires to the woods and no one is around to read his blog, is he really FIRE'ed?
by GTBuzz
Thu Apr 25, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Premium Tax Credit for ACA
Replies: 8
Views: 647

Re: Premium Tax Credit for ACA

Yes, the ACA's Premium Tax Credits stop at 400% of the Federal Poverty Level. At 400%, you can get substantial tax credits if you are older and have expensive insurance. But if you earn an additional dollar and you go above 400% FPL, all those tax credits go away (and you have to pay back the amount...
by GTBuzz
Sun Feb 10, 2019 9:37 pm
Forum: Personal Consumer Issues
Topic: Can solar be worth it??
Replies: 78
Views: 8642

Re: Can solar be worth it??

I paid $24,000 ($16,800 after Federal Tax Credit) in Florida at the end of 2017 for a 10kW system. Definitely get lots of quotes, as different installers are all over the board. I'd recommend getting quotes on EnergySage to get an idea of what you should be paying.
by GTBuzz
Mon Dec 03, 2018 7:13 pm
Forum: Personal Investments
Topic: .28 cents in my IRA account after backdoor Roth
Replies: 14
Views: 1737

Re: .28 cents in my IRA account after backdoor Roth

You are permitted to round to the nearest dollar on your tax forms, so it is fine to just state $0.00 as your IRA balance. Even if you do report your $0.28 IRA balance, you will still calculate 100% (or perhaps 0.9999) as being tax-free. Next year, just convert the entire amount, and only any excess...
by GTBuzz
Sun Dec 02, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 11667

Re: Why is Costco gas so much cheaper

When I was in Maui, Hawaii last month, Costco was $3.199 while the prevailing price on most of the other stations I passed by was ~$4.19. But I would be surprised if the difference is that extreme anywhere in the mainland.
by GTBuzz
Mon Oct 22, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 72960

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I got the same “Mark your calendar, (Last Name)” e-mail. I chuckled because that's how my wife addresses me when she means business. :D
by GTBuzz
Wed May 30, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Help Me Negotiate My Residential Solar System
Replies: 8
Views: 872

Re: Help Me Negotiate My Residential Solar System

If you have not already done so, create a listing on EnergySage and see what kind of quotes you get. They are very detailed and should give you a good idea of whether or not your current quote is reasonable.
by GTBuzz
Wed Apr 04, 2018 9:01 am
Forum: Personal Investments
Topic: VYM—SPY trade question [Vanguard High Dividend Yield - SPDR S&P 500]
Replies: 9
Views: 752

Re: VYM—SPY trade question

Those two ETF's are so highly correlated (roughly 0.98), that there is absolutely no reason to try to time different movements between the two. They always move up and down almost perfectly in tandem. If you'd rather be in SPY, just make the exchange and be done with it.
by GTBuzz
Thu Mar 08, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Dental plans
Replies: 21
Views: 2671

Re: Dental plans

rvflyer wrote:
Wed Mar 07, 2018 10:52 pm
Dental plans
Lisa needs braces.
by GTBuzz
Tue Feb 27, 2018 7:23 am
Forum: Personal Investments
Topic: Small portion of traditional IRA contribution was non-deductible - is it worth fixing?
Replies: 3
Views: 384

Re: Small portion of traditional IRA contribution was non-deductible - is it worth fixing?

I'm not sure I follow. Did you: a) File your return with a MAGI that allowed you to take a full IRA deduction, and then later found out you had additional income that caused your IRA deduction limit to be reduced? If so, you need to amend to correct your income. or b) File your return with your corr...
by GTBuzz
Wed Feb 07, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: 1040-ES estimated quarterly taxes vs. extra pension witholding
Replies: 9
Views: 1013

Re: 1040-ES estimated quarterly taxes vs. extra pension witholding

Another benefit of quarterly 1040-ES payments is the ability to pay taxes with a credit card. I get 2.625% cash back on all payments, which is a net discount of about 0.8% on my taxes after the 1.87% processing fee is accounted for.
by GTBuzz
Tue Feb 06, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: MS Money replacement
Replies: 16
Views: 2282

Re: MS Money replacement

MS Money Tip: If your online bank no longer provides Microsoft Money downloads (.ofx), they almost certainly still offer Quicken downloads (.qfx). Just download the Quicken file, change the file extension from .qfx to .ofx, and voila, your transactions will be imported into Money!
by GTBuzz
Sat Jan 27, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house, 15yr vs 30yr loan?
Replies: 29
Views: 4397

Re: Buying a house, 15yr vs 30yr loan?

The Finance Buff has a popular post in regards to this exact question. It even contains a link to a spreadsheet where you can enter your own interest rate, tax rate and investment return assumptions: https://thefinancebuff.com/borrow-30-year-and-invest-the-difference.html Several months ago, I would...
by GTBuzz
Sun Jan 21, 2018 8:33 am
Forum: Personal Investments
Topic: Rollover IRA to Rollover IRA to Employer 401k in one year for Backdoor Roth?
Replies: 5
Views: 462

Re: Rollover IRA to Rollover IRA to Employer 401k in one year for Backdoor Roth?

Yes, it does sound like you need to move your traditional Rollover IRA funds to a 401(k) in order for them to avoid pro-rata taxation when you convert your new traditional IRA to a Roth IRA. BUT, it does not necessarily need to be done before you perform your Backdoor Roth conversion, it only needs ...
by GTBuzz
Thu Jan 18, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 119
Views: 15218

Re: TaxAct and alternatives

I'm not yet ready to file, but I've run through FreeTaxUSA and could not find any info about using your refund to buy paper Series I Savings Bonds (Form 8888). Does anyone know if this is available with FreeTaxUSA? If not, I will probably just go with IRS Free Fillable Forms.
by GTBuzz
Fri Nov 17, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Renting a car from Atlanta GA to Austin TX: $$$
Replies: 33
Views: 2173

Re: Renting a car from Atlanta GA to Austin TX: $$$

Have you looked at doing a one-way truck rental (I'd recommend Penske or Budget and avoid U-haul)? You may be able to get a decent one-way rental through them, since their business model is based on one-way rentals, and then get a local car rental for the remainder of the trip.
by GTBuzz
Fri Nov 17, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: St. Petersburg, FL visit: Rental car, tolls, SunPass questions
Replies: 23
Views: 2118

Re: St. Petersburg, FL visit: Rental car, tolls, SunPass questions

It’s impossible for the SunPass to save you enough in two weeks to warrant the trouble and expense. Gill It will if, and only if, he needs to drive on a toll booth-less, SunPass only road (either the Selmon or Veterans Expressway). But if he is just going from TPA to St. Pete and back, there should...
by GTBuzz
Mon Oct 09, 2017 8:15 am
Forum: Personal Investments
Topic: 2018 IRA Limits Question
Replies: 3
Views: 630

Re: 2018 IRA Limits Question

While the amounts won't officially be announced until later this month after September CPI metrics are published, the nature of the calculations (average of the last 12 months, of which 11 are now known, and then rounded) mean the amounts can now be predicted with an extremely high level of certaint...
by GTBuzz
Sun Oct 08, 2017 8:00 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 10218

Re: Do you want your receipt?

I do only when the cashier uses a separate mini-terminal in which they have to manually type in the charge amount. It just takes an extra button press or a fat finger for you to get charged 10 times what you are supposed to. In those cases, I just check that the receipt prints the correct amount and...
by GTBuzz
Thu Jun 29, 2017 1:01 pm
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 98
Views: 9706

Re: Where to View Total Eclipse? - Kansas City

My family and I are flying up from Florida and Atlanta into Kansas City. I got a parking pass for eclipse day for the event at St. Joseph's Rosecrans Memorial Airport (although if it looks like there is any chance of cloudcover, we're willing to relocate the morning of to a place where odds might be...
by GTBuzz
Thu Jun 01, 2017 5:04 pm
Forum: Personal Consumer Issues
Topic: Fidelity 2000 'bonus points'
Replies: 32
Views: 6019

Re: Fidelity 2000 'bonus points'

I got the offer for up to $2,000 in spend over $1,750. Not bad for a 2% on everything card.
by GTBuzz
Thu Jun 01, 2017 9:15 am
Forum: Personal Consumer Issues
Topic: What Do You Pay for an Oil Change?
Replies: 129
Views: 14591

Re: What Do You Pay for an Oil Change?

$0. I drive an electric car. :happy
by GTBuzz
Thu May 25, 2017 6:16 pm
Forum: Personal Investments
Topic: Treasury Direct delay in crediting interest?
Replies: 4
Views: 631

Re: Treasury Direct delay in crediting interest?

There is a three month interest penalty for any redemptions before 5 years. In practice, TD essentially delays paying interest for three months so you will only see your I Bonds start to increase in value in month four.
by GTBuzz
Mon May 22, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Roth contributions and form 8606
Replies: 7
Views: 938

Re: Roth contributions and form 8606

If you withdraw from the Roth, IRS may use that total contribution number to determine whether you are taking contributions or earnings. But not from anything you file with your taxes. They use the form the custodian sends. Yes, a Form 8606 does matter to the IRS for how a Roth IRA distribution is ...
by GTBuzz
Tue May 02, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: Buying a diamond ring
Replies: 57
Views: 6661

Re: Buying a diamond ring

I got my wife an artificial/synthetic/lab-grown diamond from Brilliant Earth. Searching similar spec'd stones on BlueNile, Brilliant Earth was about 25% cheaper for the stone only, although it appears they make up some of that in the setting. Overall, I was happy with them.
by GTBuzz
Mon Apr 17, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: Best cruise
Replies: 50
Views: 5788

Re: Best cruise

My wife and I did a Disney cruise without kids, and it was much preferable to a cheaper Carnival cruise without kids. For example, both cruise lines have adult-only relaxation areas. On Carnival, they're filled with noisy, drinking college kids. On Disney, they're essentially empty (since most are t...
by GTBuzz
Wed Apr 12, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: Week in San Diego - What to do?
Replies: 35
Views: 3689

Re: Week in San Diego - What to do?

I would spend an afternoon at the USS Midway.
by GTBuzz
Wed Mar 22, 2017 4:18 am
Forum: Personal Consumer Issues
Topic: Short visit to Hong Kong - "must do/see"?
Replies: 16
Views: 2108

Re: Short visit to Hong Kong - "must do/see"?

I actually liked Hong Kong Disneyland. Don't shoot me! The lines for HK Disneyland are way shorter than in other Disneylands around the world. There were a bunch of rides where we got off and immediately ran back in and got back on. Agree Hong Kong Disneyland is fun and a unique contrast to the Ame...
by GTBuzz
Thu Mar 16, 2017 12:21 pm
Forum: Personal Investments
Topic: What investments do you invest in a Taxable account for Retirement
Replies: 10
Views: 2124

Re: What investments do you invest in a Taxable account for Retirement

I also wouldn't count out using Savings Bonds for retirement: - Up to $10,000 in Series I bonds can be purchased per year. The current yield is 2.76%, which will go up or down every six months with inflation (but never below 0%). There is no income tax reporting or liability until the bond is redeem...
by GTBuzz
Mon Mar 13, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Increase W4 withholdings or make estimated tax payments
Replies: 18
Views: 2558

Re: Increase W4 withholdings or make estimated tax payments

If you have a 2% cash back credit card, you can make a slight amount of money by paying estimated taxes by credit card. It is also a good way to meet a minimum spend requirement for a new credit card bonus.
by GTBuzz
Sat Mar 11, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: HSA: Is there a monthly maximum limit?
Replies: 10
Views: 1182

Re: HSA: Is there a monthly maximum limit?

You can contribute the full amount now, just be sure that any employer contributions you may get later in the year would not put you over the limit. Also be sure you are able to maintain your family HDHP coverage throughout the entire year, otherwise your limit will end up being less.
by GTBuzz
Sat Mar 11, 2017 3:04 pm
Forum: Personal Investments
Topic: Are we in the clear with brokerage tax forms?
Replies: 5
Views: 774

Re: Are we in the clear with brokerage tax forms?

If you hold any individual stocks, check if any of them are LP's (Limited Partnerships). If so, the Form K-1's that they issue are incredibly complex, and usually get revised after April 15th in my experience.
by GTBuzz
Tue Mar 07, 2017 3:32 pm
Forum: Personal Investments
Topic: I-Bonds vs CD
Replies: 24
Views: 3333

Re: I-Bonds vs CD

I would buy as much in I-Bonds as the limit allows. You can buy up to $5,000 in paper I-Bonds with your tax refund (your tax refund must be enough to cover the purchase, and you must purchase them on Form 8888 when submitting your return). But you can also buy up to $10,000 in electronic I-Bonds per...
by GTBuzz
Thu Mar 02, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: I bond ladder
Replies: 22
Views: 4516

Re: I bond ladder

Yup - these rules of thumb are good to know but do the math before going out of your way to do something based upon a rule of thumb to see if it's worth it to you - only takes a minute. Even if you were to put a full 10,000 in from your 1% account you are only talking about 10000*.01/12 = $8.33 fro...
by GTBuzz
Thu Mar 02, 2017 12:07 pm
Forum: Personal Investments
Topic: Ibonds
Replies: 12
Views: 2364

Re: Ibonds

Buy in May because of a possible increase in the fixed portion of the rate. It is currently 0%. Somewhere about april 15 the 6 month inflation rate is known It will probably be mentioned on this site. At that point you can buy before or after May 1. To clarify, only the variable portion of the new ...
by GTBuzz
Sun Nov 13, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: Reinvest dividends or sweep to settlement account
Replies: 38
Views: 6265

Re: Reinvest dividends or sweep to settlement account

Typically, I reinvest dividends in retirement accounts while letting them accumulate in taxable accounts. Reinvesting too many dividends throughout the year can be a small hassle at tax time in taxable accounts, since each dividend reinvestment is a new purchase of shares.
by GTBuzz
Thu Oct 27, 2016 1:48 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16674

Re: HSA Family $6,750 limit questions

Joel, That's an excellent point in regards to the increased deductible on the family plan if you are planning on having a child this year, which changes everything. If the child is going to be added to her HDHP plan anyways during the year, then there's no need for you to be on there to make it a fa...
by GTBuzz
Thu Oct 27, 2016 12:57 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16674

Re: HSA Family $6,750 limit questions

OP only asked about the contribution limit. The only thing that determines OP's wife's contribution limit is whether or not her HDHP is self-only or family (and her age, if making a catch-up contribution). In this case, it's family coverage so the higher limit applies. Whether or not OP can pay for...
by GTBuzz
Thu Oct 27, 2016 12:26 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16674

Re: HSA Family $6,750 limit questions

OP only asked about the contribution limit. The only thing that determines OP's wife's contribution limit is whether or not her HDHP is self-only or family (and her age, if making a catch-up contribution). In this case, it's family coverage so the higher limit applies. Whether or not OP can pay for ...
by GTBuzz
Thu Oct 27, 2016 12:06 pm
Forum: Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 16674

Re: HSA Family $6,750 limit questions

Your wife can actually contribute the full $6,750 to her HSA. Here's a good post from TheFinanceBuff with several examples in the post as well as the comments:

https://thefinancebuff.com/hsa-contribu ... anges.html
by GTBuzz
Wed Oct 19, 2016 11:53 am
Forum: Personal Investments
Topic: Did Backdoor Roth IRA - now Income not going to exceed the limit
Replies: 3
Views: 640

Re: Did Backdoor Roth IRA - now Income not going to exceed the limit

No difference...you'll just file your taxes for a Backdoor Roth IRA regardless of whether you exceeded the limit or not. There are no income restrictions on any of the steps required for the Backdoor Roth IRA.
by GTBuzz
Mon Oct 17, 2016 7:24 am
Forum: Personal Investments
Topic: One Penny In IRA--Back Door Roth Possible?
Replies: 6
Views: 1427

Re: One Penny In IRA--Back Door Roth Possible?

Yes, there's nothing that precludes you from doing a backdoor Roth IRA if you have funds in a traditional IRA, you just have to spread the conversion proportionally over your non-deductible and traditional IRA balances. So even if you have a small tIRA balance, you can still do the Roth conversion m...
by GTBuzz
Mon Oct 10, 2016 8:59 am
Forum: Personal Finance (Not Investing)
Topic: ACA for grad student
Replies: 11
Views: 1291

Re: ACA for grad student

The answer will depend strongly on whether or not she lives in a state which expanded Medicaid eligibility. This link should answer that question: http://kff.org/health-reform/state-indicator/state-activity-around-expanding-medicaid-under-the-affordable-care-act/ The Federal Poverty Level (FPL) defi...
by GTBuzz
Tue Sep 13, 2016 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Key Bank screwed up my HSA now IRS is after me - Advice needed
Replies: 6
Views: 1941

Re: Key Bank screwed up my HSA now IRS is after me - Advice needed

The weird thing about 5498-SA is that it is not sent until after the tax deadline of April 15, so that it can report contributions for a year that are actually contributed in the following calendar year. I usually get mine in May. If you did file before April 15th, you probably did so without receiv...