Search found 2630 matches

by travellight
Sat Oct 21, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Questions for Landlords - How clean is clean?
Replies: 37
Views: 2066

Re: Questions for Landlords - How clean is clean?

sport wrote:
Sat Oct 21, 2017 11:35 am
Offer her this deal: If she stops bothering you about cleanliness, you will not report her to the IRS for tax evasion.
hmmm, there may be something there, lol. Or, release you from the final month...
by travellight
Mon Oct 16, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 6859

Re: What are you driving? And would you buy your current ride again?

Riley15 wrote:
Mon Oct 16, 2017 1:38 pm
Talk about confirmation Bias! Have not seen one reply that they would not buy the same car again. Maybe it is about wanting what you have.. :happy
I posted on my Kia borrego, no.
by travellight
Mon Oct 16, 2017 8:04 am
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 6859

Re: What are you driving? And would you buy your current ride again?

What's the purpose of this thread? So far, it simply proves that people like vehicles that they have paid tens of thousands of dollars for, from a Civic to a Camry to a Wrangler to a BMW to a Hummer. Confirmation bias probably at work. Though I'll grant that most vehicles are quite nice these days....
by travellight
Sat Oct 14, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

Thanks Celia! I think I have it mostly okay now. For some reason, lines 8-12 are blank but lines 16-18 are just as you have outlined and the net result is satisfactory.... Several of the tax software programs produce no entries on lines 6 through 12. This is alarming at first, but OK. You get to th...
by travellight
Fri Oct 13, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

I had problems initially with TurboTax too. When I erased the previous forms and started over by reporting the contribution first, and then the 1099 conversion later, it filled in the 8606 correctly. But it was key to have worked through the 8606 on paper first, to see what TT did wrong. I knew I w...
by travellight
Thu Oct 12, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

For some reason, lines 8-12 are blank but lines 16-18 are just as you have outlined and the net result is satisfactory: I'm following along and finding this thread quite helpful. I just wanted to say that my old 8606s done with Turbotax are the same way. Interesting. Yes, I tried all 3 of the big p...
by travellight
Thu Oct 12, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

Thanks Celia, you are an angel!!! I really appreciate your help in this process.
by travellight
Thu Oct 12, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

Thanks a lot. Now I see what went wrong. When you answered "Enter the total of all nondeductible contributions that were made to XXXXs traditional IRAs in all years prior to 2016 less any withdrawals or distributions of nondeductible contributions in those years.", you should have answered 0 , inst...
by travellight
Wed Oct 11, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

Here are some instructions on how to enter the Backdoor Roth IRA information using TaxAct: https://thefinancebuff.com/how-to-backdoor-roth-taxact.html The taxable amount of the conversion ends up on line 15 of Form 8606, and is then carried over to line 15b on the Form 1040. But line 15b can includ...
by travellight
Wed Oct 11, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

We don't have enough information. Let's start with this: 0. Are you filing as Married Filing Jointly or as Single? If you are filing as MFJ, give all answers for both of you. 1. Were you 50 or older on 12/31/2016? Also, were you at least 59.5 on the date you withdraw the $21.54? Did you enter your ...
by travellight
Wed Oct 11, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

Print out your tax return (on paper or to a .pdf file) and write "draft" on each page so you don't get it confused with your real return. Note that some forms are double sided/2 pages. Then you can give us the rest of the numbers for Form 8606 and line 32 on the front of the Form 1040. Don't change...
by travellight
Wed Oct 11, 2017 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

This question/step is also confusing: "IRA Contributions - Traditional - Adjustment Entry Enter any adjustment to MAGI for the nontaxable portion of your traditional IRA distributions or conversions. This entry should be the total of the nontaxable amounts on the taxpayer and spouse (if applicable) ...
by travellight
Wed Oct 11, 2017 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

Also, for this question below, should the answer be zero since I always move all my money to roth ira so my tira basis is zero at the end of each year, or should the answer be the amount in my roth ira 12/31/xx? "Enter the total of all nondeductible contributions that were made to XXXXs traditional ...
by travellight
Wed Oct 11, 2017 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

We don't have enough information. Let's start with this: 0. Are you filing as Married Filing Jointly or as Single? If you are filing as MFJ, give all answers for both of you. 1. Were you 50 or older on 12/31/2016? Also, were you at least 59.5 on the date you withdraw the $21.54? Did you enter your ...
by travellight
Wed Oct 11, 2017 1:32 am
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

We don't have enough information. Let's start with this: 0. Are you filing as Married Filing Jointly or as Single? If you are filing as MFJ, give all answers for both of you. 1. Were you 50 or older on 12/31/2016? Also, were you at least 59.5 on the date you withdraw the $21.54? Did you enter your ...
by travellight
Wed Oct 11, 2017 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

We don't have enough information. Let's start with this: 0. Are you filing as Married Filing Jointly or as Single? If you are filing as MFJ, give all answers for both of you. 1. Were you 50 or older on 12/31/2016? Also, were you at least 59.5 on the date you withdraw the $21.54? Did you enter your ...
by travellight
Wed Oct 11, 2017 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Re: Problem with back door roth ira on taxact

Here is what happened: I contributed $6500 to Tira around 1/19/16 (I am over 50). About a week later, I converted the contribution to a roth ira. Unfortunately, I had made the conversion in kind and I think I had bought a Vanguard fund like Wellesley or Wellington. In the week that elapsed, the $65...
by travellight
Tue Oct 10, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with back door roth ira on taxact
Replies: 24
Views: 1400

Problem with back door roth ira on taxact

I am having a hard time doing my taxes with taxact for my back door roth ira. This is what it currently says: "You have just completed a copy of Form 1099-R. You have total taxable pension and IRA income of $840 (not including RRB pensions and amounts reported as Wages on line 7 of Form 1040)." Here...
by travellight
Mon Oct 09, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Sonoma in October
Replies: 56
Views: 4743

Re: Sonoma in October

Armstrong woods is awesome! Also check out the napa sonoma marsh if you like bird watching but careful of hunters. The Girl and the Fig is the best food in Sonoma County. +1, get the french toast at brunch, sublime! There was a great ramen place called Gaijin near Petaluma. Bistro Jeanty near Napa ...
by travellight
Sun Oct 08, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 464
Views: 42343

Re: Picking College and College Scholarships

Admissions officers at top school are definitely not trying to pick only one “type” these days, they are interested in building - purposefully constructing - classes of diverse talents and backgrounds that can serve as a synergistic whole and learning resource for one another. This may account for ...
by travellight
Fri Oct 06, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2270
Views: 395850

Re: What's Your Credit Card Rewards Strategy?

to those with recent denials:


There is a new rule from Bank of America whereby they’ll only approve you for at most two cards per rolling 2 months, three cards per rolling 12 months, and four cards per rolling 24 months. Let’s call this the ‘2/3/4 rule‘.
by travellight
Thu Oct 05, 2017 10:18 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 50
Views: 6310

Re: MoviePass-Too good to be true, but it's legit.

I've been using this service for the last couple of weeks and I wanted to pass this along to Bogleheads who like to go to the theatres. It's pretty simple. You pay $10 a month and get a MoviePass debit card in the mail. You can see an unlimited number of 2d Film but no more than once a day at any t...
by travellight
Thu Oct 05, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 16550

Re: Becoming a Landlord: My Experiences

Excellent post. I am considering owning some rental property, however, I always wonder what the returns are compared to putting it in a simple index fund. How has your investment done, till today right from inception, compared to a simple index fund during the exact same time period? Here is some m...
by travellight
Thu Oct 05, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 4162

Re: How much worth house should one buy?

I understand that many factors such as income, debt, expenses, market, family size play a role in how much worth house one should buy but is there a general rule or a common sense rule that monthly house payment shouldn't exceed certain % of the gross house hold income? What is the safest margin to...
by travellight
Wed Oct 04, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1554
Views: 274285

Re: What are you up YTD? [Year To Date]

Portfolio is up 16% ytd, 90/10.

Net worth is up 3.8% ytd.
by travellight
Mon Oct 02, 2017 3:00 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8449

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

One small way to assess your primary care physician: next time you see that person and have a cold, tell them about your symptoms and ask for antibiotics. If they try to educate you on viral causes and why antibiotics are not likely to help but to keep them informed if it doesn't clear up, that is ...
by travellight
Mon Oct 02, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8449

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

"Patients in the study who demonstrated the highest level of satisfaction were more likely to have an inpatient admission (adjusted odds ratio 1.12) than those with the lowest levels of satisfaction. They also accounted for 8.8% more health care expenditures, including greater prescription drug expe...
by travellight
Mon Oct 02, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8449

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

One small way to assess your primary care physician: next time you see that person and have a cold, tell them about your symptoms and ask for antibiotics. If they try to educate you on viral causes and why antibiotics are not likely to help but to keep them informed if it doesn't clear up, that is a...
by travellight
Mon Oct 02, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16328

Re: $10 million+ - Still Working and LBYM

I think I am at the 8 digit level (or pretty close) and I am still working and LBYM. If it makes you feel even better, OP, 81% of my net worth is in real estate which is part of why I live a little bit poor. I am also paying expensive college tuition at 70k plus per year with no college money saved...
by travellight
Mon Oct 02, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8449

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

In accordance with the forum guidelines, I am not seeking medical advice. Rather, I am seeking actionable ideas for how I can choose which practice/practitioner to perform an upcoming procedure. Does anyone, especially any MDs on the board, know how I can go about finding out who to use for a given...
by travellight
Sun Oct 01, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 16550

Re: Becoming a Landlord: My Experiences

Excellent post. I am considering owning some rental property, however, I always wonder what the returns are compared to putting it in a simple index fund. How has your investment done, till today right from inception, compared to a simple index fund during the exact same time period? Here is some m...
by travellight
Sun Oct 01, 2017 9:43 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16328

Re: $10 million+ - Still Working and LBYM

I think I am at the 8 digit level (or pretty close) and I am still working and LBYM. If it makes you feel even better, OP, 81% of my net worth is in real estate which is part of why I live a little bit poor. I am also paying expensive college tuition at 70k plus per year with no college money saved ...
by travellight
Sat Sep 30, 2017 3:45 pm
Forum: Investing - Theory, News & General
Topic: Chase Private Client brokerage account
Replies: 11
Views: 2735

Re: Chase Private Client brokerage account

I am not sure, it may be that my banker did it for me... But he didn't tell me that. You would think it they were giving special treatment that they would let you know.
by travellight
Fri Sep 29, 2017 7:23 pm
Forum: Investing - Theory, News & General
Topic: Chase Private Client brokerage account
Replies: 11
Views: 2735

Re: Chase Private Client brokerage account

I have free trades in my CPC as of April 2017. Before that, it was $24.95 per trade.
by travellight
Thu Sep 28, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 16550

Re: Becoming a Landlord: My Experiences

Anybody placed their rentals into a LLC? We do have Umbrella Ins. We have just 1 rental. +1 I'm also wondering what the benefits of using an LLC for rental property is. As I understand it, it's very cumbersome to do so in CA. The Llc is for asset protection. I have each house in it's own llc. If I ...
by travellight
Mon Sep 25, 2017 9:36 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3025
Views: 885767

Re: What Movie Have You Recently Watched?

Their Finest. A different kind of story about Dunkirk. I really enjoyed it. If you enjoyed the series Foyle's War, you would like this. +1 I really enjoyed this, too. As did I. I was 7 years old when the Dunkirk retreat happened. I remember it vividly from radio and movie newsreels at the time. Yes...
by travellight
Mon Sep 25, 2017 9:30 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3025
Views: 885767

Re: What Movie Have You Recently Watched?

The Big Sick - Charming rom com with Pakistani lead from Silicon Valley and strong supporting roles by Holly Hunter and Ray Ramano, produced by Judd Apatow. How to Be a Latin Lover - Despite being panned at Rotten Tomatoes, for me this was slightly guilty, silly pleasure, also with fun supporting r...
by travellight
Sun Sep 24, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15459

Re: Let's talk about your FI # and family income

market timer wrote:
Sun Sep 17, 2017 7:33 pm
HH income: $400K
Annual expenses: $100K
FI number: $2mn

Our expenses could easily be cut in half. Rather than aiming for retirement, I'm aiming for a good work/life balance, which I think I have right now.
:beer :thumbsup
by travellight
Sun Sep 24, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15459

Re: Let's talk about your FI # and family income

It was shown in another thread that folks who keep saving to reach $5MM may end up with less to spend and less time to spend it than folks who stopped saving earlier and started spending / traveling. I did start traveling a lot more with less saved, so I think it works. An even better idea is to tr...
by travellight
Wed Sep 06, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 78
Views: 7265

Re: To take or not to take delivery of Tesla 3

I had reserved Tesla 3 when it was announced. I did it because $35K-$7.5K price was too attractive to NOT put my name on the list. According to the web site I can get the delivery by Dec-Feb time frame if I select the $49K car. This is with 310 miles + premium options package. That price still does...
by travellight
Sat Aug 12, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling guilty about travel expenses
Replies: 25
Views: 3174

Re: Feeling guilty about travel expenses

I once spent half my net worth and took a 6 week trip around the world solo. There are occasions for splurges and having made the decision to do it, get the most out of your money and enjoy it to the hilt. Plan to save up the next year or so to refill the tank. There's no use crying over spilt milk....
by travellight
Mon Jul 10, 2017 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 162
Views: 20711

Re: Which Med school?

Great to hear, ram. Congratulations on her success!
by travellight
Fri Jun 16, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 574
Views: 151570

Re: Share your networth progression

Just the last few years or so of good records measured at year end, or YTD for 2015 2006 $425 2007 $500 2008 $345 2009 $592 2010 $796 2011 $918 2012 $1,129 2013 $1,435 2014 $1,622 2015 $1,861 (projected $2M+ by end of year) Actually, back in late 2007/early 2008 I had a bunch of stock options vest ...
by travellight
Thu Jun 15, 2017 9:05 pm
Forum: Local Chapters and Bogleheads Community
Topic: Salt Lake City Bogleheads
Replies: 27
Views: 4313

Re: Salt Lake City Bogleheads

Is anyone interested in meeting 6/28/17, Saturday, in SLC?
by travellight
Thu Jun 15, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 33944

Re: Tesla Model 3 or Chevy Bolt?

I charge to the max at superchargers prior to or on a long trip. Otherwise, I may go several days without plugging in if my charge is between 50-90% and then do a full charge to 90% twice a week. Mine is new with about 1000 miles so far and I am hoping this is okay. I got to 20% on a recent trip 2 d...
by travellight
Thu Jun 08, 2017 1:18 am
Forum: Personal Consumer Issues
Topic: Home siding thoughts
Replies: 32
Views: 3304

Re: Home siding thoughts

I recently got a bid and thought LP Smartside seemed like the best choice but still very pricey.... it was in the 60k range. Re-staining the house will be $5500.
by travellight
Wed Jun 07, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: Pimp my DW's ride.
Replies: 96
Views: 7742

Re: Pimp my DW's ride.

I'm just coming along for the ride.... learning about wraps. I just bought the model S and didn't know about wraps before. The RR in matte black in your picture looks super sharp imo. I hope she enjoys whatever she gets!
by travellight
Tue May 30, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 6290

Re: New to the forum and retiring this fall

As someone with a pension when I retire, I will just share my thoughts and personal philosophies and hope it helps. I consider myself moderate risk tolerant and that informs my personal choices. With a sizable pension coming, I figure I can afford to be not conservative in my asset allocation. At th...