Search found 59 matches

by GTBuzz
Mon Dec 03, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: .28 cents in my IRA account after backdoor Roth
Replies: 14
Views: 1563

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: 10449

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: 493
Views: 49575

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: 820

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: Investing - Help with Personal Investments
Topic: VYM—SPY trade question [Vanguard High Dividend Yield - SPDR S&P 500]
Replies: 9
Views: 579

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: 2306

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: Investing - Help with Personal Investments
Topic: Small portion of traditional IRA contribution was non-deductible - is it worth fixing?
Replies: 3
Views: 311

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: 919

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: 1875

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: 3740

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: Investing - Help with Personal Investments
Topic: Rollover IRA to Rollover IRA to Employer 401k in one year for Backdoor Roth?
Replies: 5
Views: 416

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: 12897

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: 2113

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: 1867

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: Investing - Help with Personal Investments
Topic: 2018 IRA Limits Question
Replies: 3
Views: 553

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: 9485

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: 8928

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: 5307

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: 13363

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: Investing - Help with Personal Investments
Topic: Treasury Direct delay in crediting interest?
Replies: 4
Views: 587

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: 887

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: 5842

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: 5389

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: 3456

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: 1967

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: Investing - Help with Personal Investments
Topic: What investments do you invest in a Taxable account for Retirement
Replies: 10
Views: 1995

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: 2255

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: 1161

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: Investing - Help with Personal Investments
Topic: Are we in the clear with brokerage tax forms?
Replies: 5
Views: 729

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: Investing - Help with Personal Investments
Topic: I-Bonds vs CD
Replies: 24
Views: 3127

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: 4135

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: Investing - Help with Personal Investments
Topic: Ibonds
Replies: 12
Views: 2306

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: 5457

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: Investing - Help with Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 9746

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: Investing - Help with Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 9746

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: Investing - Help with Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 9746

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: Investing - Help with Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 9746

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: Investing - Help with Personal Investments
Topic: Did Backdoor Roth IRA - now Income not going to exceed the limit
Replies: 3
Views: 585

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: Investing - Help with Personal Investments
Topic: One Penny In IRA--Back Door Roth Possible?
Replies: 6
Views: 1339

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: 1213

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: 1781

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...
by GTBuzz
Sun Jul 17, 2016 2:55 pm
Forum: Personal Consumer Issues
Topic: Where to buy Disneyland tickets
Replies: 11
Views: 1555

Re: Where to buy Disneyland tickets

The best resource for saving money on anything Disney is MouseSavers: http://www.mousesavers.com/disneyland-california-vacation-discounts-and-deals/disneyland-ticket-pass-discounts/ You can likely save a few dollars if you buy through aRes (I've used them before...they are legit): http://arestravel....
by GTBuzz
Mon Jun 27, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Unique Health Savings Account Question
Replies: 8
Views: 1214

Re: Unique Health Savings Account Question

You may be able to add her to your policy prior to the end of this year, while she keeps her current coverage through the end of the year. She will get primary coverage through hers and secondary coverage through yours, which may cover out-of-pocket expenses not covered by her insurance (google "coo...
by GTBuzz
Tue Jun 21, 2016 12:12 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 433
Views: 57813

Re: Flaunt Your High-Mileage Car

2013 Tesla Model S w/ 72,000 miles. Not a Boglehead-type purchase, but enjoyed every mile of it. Gotta be considered high mileage for an EV, given that they are not ideal for long road trips.
by GTBuzz
Thu May 19, 2016 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants Moving Out - Sell or Keep Renting (Still in Capital Gain Exclusion)
Replies: 9
Views: 1107

Re: Tenants Moving Out - Sell or Keep Renting (Still in Capital Gain Exclusion)

Thanks--after reviewing Pub 523 I think I better understand my situation. Before any maximum exclusion is calculated, I'd also have to allocate the gains proportionally between the time I owned the house after 2008 but did not live in it, and the total time I've owned the home. And that is after any...
by GTBuzz
Thu May 19, 2016 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants Moving Out - Sell or Keep Renting (Still in Capital Gain Exclusion)
Replies: 9
Views: 1107

Re: Tenants Moving Out - Sell or Keep Renting (Still in Capital Gain Exclusion)

Thanks for the posts, everyone. My move was based on taking a new job so I qualify for that. And my understanding of the 5-year rule was my own--IANAL and I have not talked to an accountant. What I'm hearing is that if you live in a place in Year 1 and move for a job and rent in Years 2, 3, 4 and 5 ...
by GTBuzz
Thu May 19, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Tenants Moving Out - Sell or Keep Renting (Still in Capital Gain Exclusion)
Replies: 9
Views: 1107

Tenants Moving Out - Sell or Keep Renting (Still in Capital Gain Exclusion)

Fellow Bogleheads: A home which I previously lived in and converted to a rental property ~3 years ago has the tenants moving out at the end of July, and I need some advice on whether it is better to find new tenants or sell. I'm leaning toward selling as I am still able to exclude capital gains (whi...
by GTBuzz
Thu Apr 28, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Tampa Airport Long Term parking ?
Replies: 3
Views: 393

Re: Tampa Airport Long Term parking ?

I work right by TPA, and I would definitely avoid any of the random third-party park and ride lots that surround the airport. Many of them look shady, and are actually quite a long shuttle drive to and from the airport given the route in and out of airport property. I think the official Economy deck...
by GTBuzz
Fri Apr 15, 2016 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected K-1 Tax Distribution for 2016 Tax Year
Replies: 3
Views: 450

Re: Unexpected K-1 Tax Distribution for 2016 Tax Year

But estimated payments have to be spread throughout the year consistent to income, correct? While W-2 withholding is assumed to be spread throughout the year, you can't just make a 4th quarter estimated payment that gets you to 90%/100%, I believe. If the income was earned in first quarter, the esti...