Search found 792 matches

by cadreamer2015
Sun Jun 16, 2019 4:49 pm
Forum: Personal Consumer Issues
Topic: Is it a waste of money having your furnace checked every year?
Replies: 75
Views: 10558

Re: Is it a waste of money having your furnace checked every year?

In our area the local gas utility will do a safety check of your gas appliances for free. So every fall we schedule them to come out and check the furnace, gas water heater and gas clothes dryer. Even if it cost a few bucks I would have an annual safety check - the consequences of a furnace failure ...
by cadreamer2015
Sun Jun 16, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 93
Views: 6399

Re: With hindsight, what signs indicated you were about to lose your job?

Megacorp oil company retained McKinsey for a “strategic review” after oil price drop in the mid 1990s. Not surprisingly, McKinsey recommended a 30% cut in staff. Our new divisional VP wanted to show how tough they were, so our staff group was cut 50%. One proximal clue was that our manager was requi...
by cadreamer2015
Sun Jun 16, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Shortcomings on Estimated Taxes
Replies: 13
Views: 909

Re: Shortcomings on Estimated Taxes

As you probably know, California doesn’t require 25% of your estimated taxes paid each quarter. They want 30% by mid April, 40% in mid June, nothing in September and then 30% in mid January. If I were you I would add whatever I felt I had underpaid my 1st quarter 540 ES to what I was going to pay in...
by cadreamer2015
Wed Jun 12, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance tax question
Replies: 9
Views: 940

Re: Inheritance tax question

If the check is made out to your son, then I think the owner of the 529 account will have to be your son. You might look into how that might affect possible financial aid versus other ways of his holding the assets.
by cadreamer2015
Tue Jun 11, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: Tips for new pet owner [puppy]
Replies: 71
Views: 3715

Re: Tips for new pet owner

We have had multiple dogs and a cat for the past 35+ years. We have never gotten pet insurance. A couple of caveats and a story: Caveats: Spent ~$10,000 on 5 year old dog with bone cancer, unfortunately not successfully and had to euthanize him. This was about 5 years ago. Spent ~3,500 on a 2 year o...
by cadreamer2015
Thu Jun 06, 2019 3:39 pm
Forum: Personal Investments
Topic: How to protect your IRA, 401k, savings in Retirement??? - Trust Fund?
Replies: 5
Views: 941

Re: How to protect your IRA, 401k, savings in Retirement??? - Trust Fund?

Do you want to protect your assets from Medicaid, while getting Medicaid services? I believe there are strategies for that. I hope I have enough assets so that I don’t have to go on Medicaid. YMMV
by cadreamer2015
Thu Jun 06, 2019 10:23 am
Forum: Investing - Theory, News & General
Topic: Should REIT be in my taxable account or tax deferred account?
Replies: 2
Views: 246

Re: Should REIT be in my taxable account or tax deferred account?

I used to hold REIT mutual funds (Vanguard) in both taxable and tax deferred. The delayed/complicated tax reported was a PITA, at least for me. I now hold the REIT funds only in my tax deferred account.
by cadreamer2015
Tue Jun 04, 2019 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: New Sole Proprietor Questions
Replies: 8
Views: 507

Re: New Sole Proprietor Questions

I recommend “Working for Yourself” by Nolo Press. I found it useful when I started my consulting gig 3 1/2 years ago.
by cadreamer2015
Mon Jun 03, 2019 2:34 pm
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 6953

Re: Do you drive old cars for long distance travels?

Yes. Just driving back to Maine from Philadelphia in our 2004 Toyota Sienna with ~145k miles. Keep it well maintained and good quality cars should remain reliable for a very long time - 200k miles perhaps. At our current rate that should last us another 5 or 6 years.
by cadreamer2015
Thu May 30, 2019 4:46 pm
Forum: Personal Consumer Issues
Topic: Bad experience with moving company, what are my options?
Replies: 17
Views: 1713

Re: Bad experience with moving company, what are my options?

Did you purchase the extra insurance? As I recall the standard "insurance" against damaged goods only covers costs up to something like $0.60 per pound (of each item damaged). If you didn't purchase the extra insurance I expect they will say their liability is limited to that $0.60 per pound. We hav...
by cadreamer2015
Tue May 28, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Moving to a Continuing Care Retirement Community
Replies: 24
Views: 1799

Re: Moving to a Continuing Care Retirement Community

If you've already identified the CCRC you'll be moving to and know the kind of apartment/unit you'll be living in, try to visit some of those units to get a sense of how much stuff (furniture, books, home decorations etc.) will fit comfortably. Use that as a target for how much stuff you'll want to ...
by cadreamer2015
Mon May 27, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Determining how I rank relative to my Metro Area? (Net Worth, Income)
Replies: 8
Views: 1912

Re: Determining how I rank relative to my Metro Area? (Net Worth, Income)

The Bureau of the Census has some data on income distribution by metro area: https://www.census.gov/data/tables/time-series/demo/income-poverty/cps-hinc/hinc-01.html The data on net worth are harder to find. The Federal Reserve publishes data on income wealth and net worth: https://www.federalreserv...
by cadreamer2015
Fri May 24, 2019 10:25 pm
Forum: Personal Consumer Issues
Topic: Fly cross-country with a cat
Replies: 56
Views: 2123

Re: Fly cross-country with a cat

We travel on cross country flights with our cat twice a year and have been doing so for the past 3 years. We traveled with the cat several times in years past during cross country relocations. 1) Your cat carrier has to fit under the seat in front of you. We prefer the soft flexible carriers. 2) TSA...
by cadreamer2015
Sun May 19, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to help DW to manage the invested money ??
Replies: 36
Views: 2871

Re: How to help DW to manage the invested money ??

I have advised my DW (in my written plan for her if I make a early departure) that she should strongly consider Vanguard PAS.
by cadreamer2015
Thu May 16, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Vanguard Beacon Beta Test
Replies: 4
Views: 608

Re: Vanguard Beacon Beta Test

I have no interest in accessing my Vanguard account from any mobile device.

But perhaps this is a requirement of the younger generation.
by cadreamer2015
Mon May 13, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of becoming an independent contractor
Replies: 37
Views: 2904

Re: Benefits of becoming an independent contractor

If you have a home office that is your principal place of work you probably won’t have any commute expenses, deductible or not. If you travel to various client locations to perform services at various times I wouldn’t call those commuting expenses and they might well be deductible. The 20% QBI deduc...
by cadreamer2015
Mon May 13, 2019 6:54 pm
Forum: Personal Investments
Topic: Johnson Controls Dutch auction
Replies: 1
Views: 668

Johnson Controls Dutch auction

I own some shares in Johnson Controls that have large unrealized capital gains. I’ve gotten the proxy material about an upcoming Dutch auction for (I think) a share repurchase. I don’t want to realize any capital gains in this stock and my first instinct is to not participate. Is anyone here followi...
by cadreamer2015
Fri May 03, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11277

Re: Rarely used items that are worth having?

Fire extinguisher
by cadreamer2015
Mon Apr 22, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Form 709 woes, Assistance Requested
Replies: 16
Views: 678

Re: Form 709 woes, Assistance Requested

It looks blank to me too.
by cadreamer2015
Fri Apr 19, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Itemizarion of Non-Cash, Charitable Contributions
Replies: 11
Views: 640

Re: Itemizarion of Non-Cash, Charitable Contributions

We have donated many things over the years. In some years when we moved across country we donated lots of things (per TurboTax upwards of $3k) worth of items. I've always used their "It's Deductible" values, choosing the lower value for most items. We have never had any purchase receipts requested f...
by cadreamer2015
Sat Apr 13, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Missing Info on Social Security Website?
Replies: 4
Views: 389

Re: Possible Missing Info on Social Security Website?

In my experience the Social Security website does not show your own benefit or potential benefit once you start receiving spousal benefits. You can plug your earnings into an online calculator and get a very good estimate.
by cadreamer2015
Tue Apr 09, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Not much work at new megacorp job
Replies: 70
Views: 5614

Re: Not much work at new megacorp job

One possible career problem is if you get laid off at 45 after doing nothing for 5 years. Your job skills have probably atrophied. You don't have any accomplishments you can point to for the last 5 years, other than going in to the office, surfing the web and getting paid. Makes it hard to get anoth...
by cadreamer2015
Thu Apr 04, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with the California franchise tax rules for foreign entities?
Replies: 5
Views: 299

Re: Anyone familiar with the California franchise tax rules for foreign entities?

Does your LLC really provide liability protection? In my case my attorney said an LLC would provide no liability protection from any actions I personally take as a consultant. In general my understanding is that a single member LLC with no employees does not provide any significant liability protect...
by cadreamer2015
Thu Apr 04, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with the California franchise tax rules for foreign entities?
Replies: 5
Views: 299

Re: Anyone familiar with the California franchise tax rules for foreign entities?

It doesn’t answer your question, but do you really need the LLC? I did not set up an LLC for my consulting practice in CA, in part to avoid the hassle and $800 fee to the Franchise Tax Board.
by cadreamer2015
Tue Apr 02, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: California income tax filing
Replies: 10
Views: 943

Re: California income tax filing

Professional athletes and musicians who appear in multiple states earning income in those states almost always owe those states nonresident income taxes on the income earned there (for states which have a personal income tax). So while it may be surprising that your employer shows W2 income earned i...
by cadreamer2015
Tue Apr 02, 2019 2:06 pm
Forum: Personal Investments
Topic: BofA / Merrill Edge is [Tempting me to] Switch from Vanguard
Replies: 49
Views: 4539

Re: BofA / Merrill Edge is Making Me Switch from Vanguard

I did something similar to get a 25 bps reduction in our mortgage and $1200 in incentive payment in 2015. I closed the Merrill Edge account after 9 months and moved all the assets back to Vanguard.
by cadreamer2015
Fri Mar 29, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14670

Re: How often do you check your net worth?

Net worth: I hardly ever calculate it. I don't know what I'd do or what decision I'd make based on the answer. I do periodically review our financial assets and make sure we will have enough to fund our retirement, which hasn't completely arrived yet (I'm still working part time). I no longer reconc...
by cadreamer2015
Wed Mar 27, 2019 12:48 pm
Forum: Personal Investments
Topic: Advice needed for offloading some old stocks
Replies: 11
Views: 612

Re: Advice needed for offloading some old stocks

Donating (to a charity) shares of stock with complicated or unknown cost bases can make life and taxes a lot simpler.

I suggest doing it to a Donor Advised Fund (DAF)
+100
by cadreamer2015
Tue Mar 19, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Medicare advice needed for snowbirds / travelers
Replies: 7
Views: 569

Re: Medicare advice needed for snowbirds / travelers

This is why we chose traditional Medicare with Plan G Medigap policies: so that we'd have unconstrained access to covered medical care when we travel/spend months away from home. If it comes a time when we no longer travel or spend significant time away from home I'll consider Medicare Advantage, bu...
by cadreamer2015
Tue Mar 19, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: Musicians... do you play more than one instrument?
Replies: 11
Views: 401

Re: Musicians... do you play more than one instrument?

I've played piano / keyboards for ~55 years. I've played competently in classic rock and blues bands for the past 45 years, though it's not my day job. Took up the viola for two years in middle school, then went back to piano. Took up the guitar in high school and college. I discovered in college th...
by cadreamer2015
Mon Mar 18, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: Visiting Tucson, AZ for 3 days - what to see?
Replies: 46
Views: 1746

Re: Visiting Tucson, AZ for 3 days - what to see?

Sedona is a 3 1/2 hour drive one way from Tucson. I wouldn’t spend 7 hours in the car to make a day trip to Sedona from Tucson.
by cadreamer2015
Mon Mar 18, 2019 12:03 pm
Forum: Personal Consumer Issues
Topic: Visiting Tucson, AZ for 3 days - what to see?
Replies: 46
Views: 1746

Re: Visiting Tucson, AZ for 3 days - what to see?

I second the recommendation for the Arizona-Sonora Desert Museum. You might take a drive up Mount Lemmon. I'd recommend Seis Kitchen in the Mercado San Augustin for some great Mexican food (your choice of six different Mexican types of cuisine) - great tacos. And the day trip to Tombstone is a lot o...
by cadreamer2015
Sat Mar 09, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: Yet another solar panel bid
Replies: 10
Views: 1503

Re: Yet another solar panel bid

I wrote a guide to financial analysis of home solar, and a worksheet to compare bids.
That's a fantastic guide! Thanks for putting that together and sending the link. Looks very thorough and unbiased.
by cadreamer2015
Fri Mar 01, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: House Cost Basis Questions
Replies: 30
Views: 1480

Re: House Cost Basis Questions

All the discussion of whether or not Electrical heavy-up adds to cost basis may be moot for the OP. Nearly A Moose wrote: ↑ Thu Feb 28, 2019 9:22 pm I live in a HCOL area and expect to eventually consume the exclusion limit ( although not on this transaction ), so I'm trying to catch what I can. I ...
by cadreamer2015
Thu Feb 28, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: Interior Paint that is easy to clean
Replies: 15
Views: 928

Re: Interior Paint that is easy to clean

Easiest to clean is usually gloss paint. Not sure that brand of paint matters as much as finish (you don't want flat or eggshell in the bathroom).
by cadreamer2015
Wed Feb 27, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: turbotax & 199A deduction
Replies: 2
Views: 249

Re: turbotax & 199A deduction

I don’t know about K-1 income but TurboTax handled the QBI from my self employment Schedule C just fine. After you finish entering revenues and expenses the program asks if it is Qualified Business Income. If you answer yes it takes the 199a deduction for you.
by cadreamer2015
Wed Feb 27, 2019 10:14 am
Forum: Personal Consumer Issues
Topic: Lease renewal: Complex raised rent by 6.5%
Replies: 62
Views: 3131

Re: Lease renewal: Complex raised rent by 6.5%

My son was recently able to negotiate a zero rent increase after being sent notice that their rent was going up with the renewal of the lease. But they were able to do that by shopping around and finding competitive apartments that were renting for a little less than they were currently paying. They...
by cadreamer2015
Wed Feb 27, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Turbo tax fixed Form 2210, no more IRS rejection
Replies: 2
Views: 456

Re: Turbo tax fixed Form 2210, no more IRS rejection

Thanks for the update. I ended up mailing my return in and just saw the check to the United States Treasury clear our checking account yesterday.
by cadreamer2015
Mon Feb 25, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Underpayment penalty or not? please help me figure
Replies: 40
Views: 1555

Re: Underpayment penalty or not? please help me figure

As reported above, this is a fairly well known TurboTax problem. TurboTax also filled in a form 2210 for our return, even though we only owe $460 and made timely estimated and withholding payments. TurboTax correctly calculated that I didn't owe a penalty, but checked the box for the 85% safe harbor...
by cadreamer2015
Mon Feb 25, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Best Side Businesses for Investor with Large Portfolio
Replies: 8
Views: 1258

Re: Best Side Businesses for Investor with Large Portfolio

I don't think we have enough information to give you useful advice, but for an investor with a very large portfolio I'd recommend a side business with limited potential liability - the size of your portfolio could make you an attractive target.
by cadreamer2015
Sun Feb 24, 2019 5:54 pm
Forum: Personal Consumer Issues
Topic: Death Records in Europe
Replies: 2
Views: 357

Re: Death Records in Europe

Get a subscription to Ancestry.com. They have data on many if not most European countries. It is not free, but you might be able to get an introductory price (there’s a deal for AARP members I think) that would give you enough time to do the research you want.
by cadreamer2015
Fri Feb 22, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 1065 K-1 flop
Replies: 5
Views: 419

Re: Turbo Tax 1065 K-1 flop

If you need to issue a K-1 I believe you need TurboTax Business, which is a completely different product than TurboTax Home & Business.
by cadreamer2015
Fri Feb 22, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Annual Social Security Statement: Earnings Rounded DOWN?
Replies: 11
Views: 858

Re: Annual Social Security Statement: Earnings Rounded DOWN?

Perhaps your earnings were $0.80 over the Social Security maximum for that year?
by cadreamer2015
Fri Feb 22, 2019 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Can we appeal IRMAA?
Replies: 4
Views: 585

Re: Can we appeal IRMAA?

Form SSA-44. You must have a qualifying Life Changing Event.
by cadreamer2015
Thu Feb 21, 2019 11:30 pm
Forum: Personal Consumer Issues
Topic: Costco Concierge Services.....
Replies: 12
Views: 6904

Re: Costco Concierge Services.....

Have you tried returning the TV to Costco?
by cadreamer2015
Wed Feb 20, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct state of CT K-1
Replies: 4
Views: 222

Re: TaxAct state of CT K-1

You may need to purchase the TaxAct program for estates and trusts, both for Federal and CT, to produce K-1s. I know in the TurboTax world that is TurboTax Business and I needed to purchase the state version also.
by cadreamer2015
Wed Feb 20, 2019 1:53 pm
Forum: Personal Consumer Issues
Topic: purchasing new furnace tips
Replies: 35
Views: 1760

Re: purchasing new furnace tips

Removal of Asbestos would cost $850.
At that price I would do it in a flash, after making sure the folks doing the removal were appropriately qualified (not just folks picked up outside Home Depot with no protective gear).
by cadreamer2015
Wed Feb 20, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - how confident are you?
Replies: 117
Views: 8215

Re: 4% SWR - how confident are you?

I'm very confident that the 4% SWR for a 30 year retirement is a good starting place for determining if you are financially ready for retirement. I don't think anyone slavishly uses the 4% + inflation strategy over an entire retirement. If you are able/willing to adjust spending down or not take inf...
by cadreamer2015
Wed Feb 20, 2019 10:56 am
Forum: Personal Consumer Issues
Topic: purchasing new furnace tips
Replies: 35
Views: 1760

Re: purchasing new furnace tips

I don't have any specific advice on the furnace. If it were me I would deal with the asbestos sooner rather than later. If/when you sell you will certainly have to disclose that there is asbestos and the buyer might very well require it to be removed and remediated. Much better to get it taken care ...