Search found 558 matches

by need403bhelp
Fri Jul 06, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1292

Re: W-4 allowances: why not withhold the minimum to avoid penalty?

Thank you, all, for your responses. Just to be clear to everyone, I have already withheld from my job 110% of the taxes that both DW and I owed in 2017. Also, my random thoughts based on your responses: 1. I realize that the amount of money made from the interest of withholding less is small, but th...
by need403bhelp
Fri Jul 06, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1292

Re: W-4 allowances: why not withhold the minimum to avoid penalty?

Just as a follow up, I calculated using Notice 1036 ( https://www.irs.gov/pub/irs-pdf/n1036.pdf ) and, if I want to have NO income tax withheld from my paychecks going forward, I have to claim >50 allowances on my W-4. My question: if I claim >50 allowances on my W-4, will this, in itself, cause any...
by need403bhelp
Thu Jul 05, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1292

Re: W-4 allowances: why not withhold the minimum to avoid penalty?

I see, thank you all for your suggestions and Nate79 for the humor.
by need403bhelp
Thu Jul 05, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1292

W-4 allowances: why not withhold the minimum to avoid penalty?

As DW recently began a new job, I was redoing the IRS withholding allowance calculator and realized that I am now under-withholding by about ~$8000 for the year. As I have already withheld >110% of my taxes paid last year (rising income), I decided to keep my withholdings the same and just pay the ~...
by need403bhelp
Wed Jul 04, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"
Replies: 6
Views: 444

Re: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"

JBTX wrote:
Wed Jul 04, 2018 1:28 pm
I suspect it has to do with small businesses that don't use calendar tax year or change tax year or have a "short year". None of these seem to apply to your situation

https://www.irs.gov/businesses/small-bu ... /tax-years
Thank you so much for the helpful link!
by need403bhelp
Wed Jul 04, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"
Replies: 6
Views: 444

Re: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"

I am a W-2 employee. DW recently started a new job, and I realized that we are now under-withholding. I am debating increasing withholding versus simply paying more in April 2019 and staying in the 110% of prior year income safe harbor. However, reading carefully, I noticed the following ( bold add...
by need403bhelp
Wed Jul 04, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"
Replies: 6
Views: 444

Re: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"

I ask as I changed jobs in 2017, and so finished job #1 at the end of June but only started job #2 at the end of August. Does this mean my 2017 tax return didn't cover July and part of August, or am I misreading the statement? You are misreading the statement. Note that at the top of the 1040 form ...
by need403bhelp
Wed Jul 04, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: IRS safe harbor question re "Your 2017 tax return must cover all 12 months"
Replies: 6
Views: 444

IRS safe harbor question re "Your 2017 tax return must cover all 12 months"

I am a W-2 employee. DW recently started a new job, and I realized that we are now under-withholding. I am debating increasing withholding versus simply paying more in April 2019 and staying in the 110% of prior year income safe harbor. However, reading carefully, I noticed the following ( bold adde...
by need403bhelp
Mon Jun 25, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 10768

Re: I-bonds look pretty bad right now

My question: I am slowly moving my emergency fund to I bonds. Is this still reasonable, or has something changed? If something has changed, is there a better alternative for my emergency fund? I think I-bonds are reasonable for an emergency fund (as long as you have adequate funds outside I-bonds l...
by need403bhelp
Mon Jun 25, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 10768

Re: I-bonds look pretty bad right now

I’m not 100% sure I’m following the whole discussion.

My question: I am slowly moving my emergency fund to I bonds. Is this still reasonable, or has something changed? If something has changed, is there a better alternative for my emergency fund?

Thanks!
by need403bhelp
Sun Jun 24, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: What should I do with my taxable account?
Replies: 10
Views: 1840

Re: What should I do with my taxable account?

Thanks for the response! A few follow up questions. 1. What makes you prefer VXUS over VEA? 2. How do you feel about me doing 10% into VWO? 3. Why do you prefer funds over ETFs? 4. Why do you suggest avoiding bonds? 5. Think I should cost average in over the next twelve months or just do lump sum? ...
by need403bhelp
Sat Jun 16, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Houston Safety
Replies: 13
Views: 1290

Re: Houston Safety

Never been to Houston before. Will be staying near S Main Street & McNee Road. Is it a safe area? I'd just as soon leave my bazooka at home. Generally quite safe area. Most of the time people drive around but I've walked to the Fiesta near there many times without any problems during the day. There...
by need403bhelp
Wed Jun 06, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance for Young Couple
Replies: 28
Views: 2248

Re: Term Life Insurance for Young Couple

Hi everyone, My wife and I are in our mid to late twenties and we're planning to start a family soon. With that in mind, I want to begin looking into life insurance. Would you all recommend using a website that compares rates or using an independent life insurance agent? I like the idea of going th...
by need403bhelp
Wed May 23, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 406

Re: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

Per account. See 12 CFR 204.2(d)(2) https://www.law.cornell.edu/cfr/text/12/204.2 (d) (1)Savings deposit means a deposit or account with respect to which the depositor is not required by the deposit contract but may at any time be required by the depository institution to give written notice of an ...
by need403bhelp
Wed May 23, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 406

Re: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

I imagine it is per account. I see. Those were my thoughts. However, my bank (Synchrony) doesn't seem to show my wife's transfers in my online portal and vice versa. Further, I have alerts turned on to notify me when I am reaching the limit (I should technically be at 6 now if it is per account), a...
by need403bhelp
Wed May 23, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 406

Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

I thought that Google would quickly give me an answer but I'm stumped. For a JOINT savings account, can EACH owner withdraw 6 times per month (i.e., 12 times per month per account) or can BOTH owners only withdraw 6 times per month total (i.e., 6 times per month per account)? Any references much app...
by need403bhelp
Thu May 17, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 652

Re: Titling of joint taxable account w/spouse in community property state?

One more thing to consider -- we were told that joint taxable accounts at Vanguard can't designate beneficiaries. Thanks! That is definitely good to know. It is good to know, but it is not a good restriction. Most other brokerages allow a CPWROS to name a TOD beneficiary who will inherit directly u...
by need403bhelp
Wed May 16, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 652

Re: Titling of joint taxable account w/spouse in community property state?

chestnut wrote:
Wed May 16, 2018 6:57 pm
One more thing to consider -- we were told that joint taxable accounts at Vanguard can't designate beneficiaries.
Thanks! That is definitely good to know.
by need403bhelp
Wed May 16, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 652

Re: Titling of joint taxable account w/spouse in community property state?

This breaks it down for you: https://info.legalzoom.com/difference-between-community-property-rights-survivorship-vs-joint-tenancy-21133.html Thank you for the helpful article. I am still somewhat confused after reading and re-reading it. For example, it states: When a married couple owns property ...
by need403bhelp
Wed May 16, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 652

Re: Titling of joint taxable account w/spouse in community property state?

I am no expert, but live in same state. I believe ours is option A. I went and looked at the account and both our names are listed and then JT Ten WROS. Assume Joint Tenants with right of survivorship. Maybe an attorney will come along and help us if that is the best option. :beer I see. Thanks so ...
by need403bhelp
Wed May 16, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Titling of joint taxable account w/spouse in community property state?
Replies: 9
Views: 652

Titling of joint taxable account w/spouse in community property state?

Thank you all for your past help! I was opening a joint taxable account w/spouse at Vanguard and got stuck on the screen asking me to select: A. Joint tenants with right of survivorship B. Tenants in common C. Community property D. Community property with right of survivorship I live in a community ...
by need403bhelp
Mon May 14, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal beneficiaries for POD accounts to maximize FDIC at Ally.
Replies: 24
Views: 1318

Re: Unequal beneficiaries for POD accounts to maximize FDIC at Ally.

We’re saying the same thing. The beneficiaries must be designated in the account name as in a Totten Trust. My checking account is in my name alone but my wife is designated as a POD beneficiary. That account would only be insured for $250K. Gill Yes, because you only have one beneficiary, so no di...
by need403bhelp
Mon May 14, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 130
Views: 14027

Re: 2018 Forester vs CRV vs RAV4

One thing to keep in mind is don't be too hung up on MSRP. In my experience, Nissan dealers are going to a lot more dealing on a Rogue than Honda dealers will with the CRV. Just a wild guess but I bet you can get $4k off the price of a loaded Rogue. Not saying the Rogue is the one to buy. As much a...
by need403bhelp
Sun May 13, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 130
Views: 14027

Re: 2018 Forester vs CRV vs RAV4

We are still processing, but one idea is to wait until the 2019 Forester comes out, and then to simultaneously do the email dealership pricing/price negotiation for TWO vehicles: * 2018 Outback Limited with Eyesight (MSRP $35,695) * 2019 Outback Forester (MSRP ???) Interestingly the Outback on the ...
by need403bhelp
Wed May 09, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to unfreeze my credit before applying for a new card?
Replies: 50
Views: 3422

Re: Do I need to unfreeze my credit before applying for a new card?

Yes, of course. Don't take credit freezing lightly, as it's a pretty drastic step for identity theft prevention (IMO), and really it would have been best to realize the ramifications of having done so prior to freezing. I wouldn't call a 5 minute on-line action a "drastic step" - it can save you 1 ...
by need403bhelp
Sat May 05, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

I haven't read all the responses. You don't pay for the agent, so you are not gaining much by not using one. Yes, some people think they are going to get that money back off the sales price, but it generally doesn't work that way. The seller's agent will just make more money. I would use a rebate a...
by need403bhelp
Sat May 05, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

I haven't read all the responses. You don't pay for the agent, so you are not gaining much by not using one. Yes, some people think they are going to get that money back off the sales price, but it generally doesn't work that way. The seller's agent will just make more money. I would use a rebate a...
by need403bhelp
Fri May 04, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

Have you checked to see if this is legal in your state? It is not legal for an agent to rebate any of their commission in my state. The buyer's agent is already splitting their commission with their brokerage (commissions get split 4 ways), so if they split it with you they might be looking at a ve...
by need403bhelp
Thu May 03, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

Just wanted to update with two points: (i) Although most of the houses in our area still seem to sit on the market for a bit, it seems like it is picking up a little and likely this is more of the buying "season" that wintertime (despite the relatively mild winters we have here). We did, however, no...
by need403bhelp
Tue May 01, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: [Muni-bond Money Market Account for Mortgage Down Payment?]
Replies: 2
Views: 349

Re: [Muni-bond Money Market Account for Mortgage Down Payment?]

I can’t speak to seasoning, however, if I have a short time horizon, I’d go as risk-free as possible. Vanguard Federal Money Market should be ok. The municipal bond market was nearly hollowed out by tax reform legislation that would have kiboshed “private activity” municipal bonds. Said legislation...
by need403bhelp
Mon Apr 30, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: [Muni-bond Money Market Account for Mortgage Down Payment?]
Replies: 2
Views: 349

[Muni-bond Money Market Account for Mortgage Down Payment?]

[Split into a new thread from: Money Market Account or Online Savings for Emergency Fund --admin LadyGeek] If you already have a non-retirement brokerage account at Schwab, Vanguard, Fidelity etc. putting the funds in the Prime (or muni-bond) money market fund in that account may be advantageous fo...
by need403bhelp
Wed Apr 25, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

In light of our circumstances, do Bogleheads think that (i) a rebating agent is good as we are quite motivated and capable of finding houses ourselves and are already doing a lot of the "homework" for our future purchase, or (ii) a regular 3% commission buyer's agent is better as this is our first ...
by need403bhelp
Tue Apr 24, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 103
Views: 19542

Re: Ally Bank No penalty CD for parking cash, is there a catch?

And switching to Popular Direct would get you 2% APY. A few minutes of your time and it's done. True. That would earn me about $39 per year more on every $10K in the bank. Yesterday my sweetie and I spent exactly $39 on sandwiches and a couple of beers. SPGI has been near the top in interest rates ...
by need403bhelp
Tue Apr 24, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

Thank you so much for your helpful suggestion re when to use a 3% agent vs a rebating agent. Regarding "buying older house," of the open houses we have seen so far (17, we pick based on schools, beds/baths, etc.), the median year built is 1963 & mean is 1969. How old would you consider an "older ho...
by need403bhelp
Mon Apr 23, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

I think you have it right about the "use no agent" debate. If the sellers largely have already committed to an 6% commission, you might as well use an agent. The question is then: discount/rebate agent or "regular" agent. Lets assume that the regular is more knowledgeable (a leap of faith, but I th...
by need403bhelp
Mon Apr 23, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 63
Views: 6748

Re: Insight Card (APY 5%) full personal review

So I applied and received 4 insight cards total for two of us. However, I do not see any information about linking my regular account to insight card. Only way to deposit money is via direct deposit from employer. I am hesitant to activate the card until I am sure ach transfer is still possible. An...
by need403bhelp
Mon Apr 23, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

About 10 years ago we found a house we liked but at that moment did not have a buyer's agent. A colleague suggested an agent that he had used. We called her and she was happy to negotiate a rebate since we had already found a house. She was incredibly helpful in negotiating and closing the deal (it...
by need403bhelp
Mon Apr 23, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

I guess I am also worried that the house we pick has some "fatal flaw" that we don't recognize simply because we are not experience single family home shoppers (or, at least, we haven't learned from owning past single family homes). A house having a "fatal flaw" would be really rare and even if it ...
by need403bhelp
Mon Apr 23, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

I did my first home purchase almost 10 years ago with Redfin, probably the best known of the "rebating" agents. I've since sold the same home, also with Redfin. My experiences were good, and generally so were those of family and friends who've used them. These days you should do most of the researc...
by need403bhelp
Mon Apr 23, 2018 1:18 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

It sounds like your willing to do a lot of the work yourself so why not? Most of the Buying agent value comes in helping you find the house. The paperwork is the easy part. Thanks for your suggestion and support. I guess I am also worried that the house we pick has some "fatal flaw" that we don't r...
by need403bhelp
Mon Apr 23, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Re: Rebating buyer's agent for 1st time single-family home purchase

Do you need a real estate agent at all? How are closings usually handled in your state? Where I live, lawyers are required for closing but no real estate agents at all were involved at any point when I bought my apartment. (It was a FSBO listing.) In other states, the title company might be heavily...
by need403bhelp
Mon Apr 23, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 40
Views: 3026

Rebating buyer's agent for 1st time single-family home purchase

We are interested in purchasing our 1st single family home (currently own condo) within the next year or so. I've read the "Home Buying Kit for Dummies" book from cover to cover and we are trying to "learn the market" by visiting open houses every weekend in our target area of interest, taking copio...
by need403bhelp
Wed Apr 18, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 10823

Re: Got hit with a $2800 Medical bill. Can I negotiate?

While the various types/models of HMOs differ, such HMOs (in my experience) do much better at telling you what something will cost. In my current plan (Kaiser) a great many types of surgery are done outpatient or only an overnight stay - at their facility. No matter what the type done at their faci...
by need403bhelp
Wed Apr 18, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Parents' joint EF - PurePoint Financial vs Synchrony vs other
Replies: 0
Views: 512

Parents' joint EF - PurePoint Financial vs Synchrony vs other

Thank you all for your past help! My parents' asked me to help them move their EF/investigate options as they are earning ~0.15% APY at their credit union. My current plan is an FDIC insured high-yield savings (HYS) account for now, with $25k/year going to I-bonds at Treasury Direct until HYS is dep...
by need403bhelp
Mon Apr 16, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA as emergency fund [unique situation, for parents]
Replies: 8
Views: 675

Re: Backdoor Roth IRA as emergency fund [unique situation, for parents]

The Kitces article will give you all the information you need. However, it makes it easier if you get the terminology straightened out. Your parents are over 59-1/2 so the terminology is relatively moot; but for you, use the term "backdoor Roth conversion" and not "backdoor Roth contribution." In r...
by need403bhelp
Mon Apr 16, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA as emergency fund [unique situation, for parents]
Replies: 8
Views: 675

Re: Backdoor Roth IRA as emergency fund [unique situation, for parents]

...there would be NEITHER tax NOR penalty for converted pre-tax assets that are withdrawn prior to 5 years for my mother who is >59.5 years old. Is the fairmark interpretation the correct one? Yes. See also Two 5-Year Rules For Roth IRA Contributions & Conversions : Thus, for those who are already ...
by need403bhelp
Sun Apr 15, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA as emergency fund [unique situation, for parents]
Replies: 8
Views: 675

Re: Backdoor Roth IRA as emergency fund [unique situation, for parents]

Re 2Bi), I had another question. With my own backdoor Roths via Vanguard, there is usually a few cent balance that accrues in my traditional IRA before Vanguard allows me to convert it to Roth. It seems that this would go under the "Taxable Conversion Dollars" category in the chart above, and would...
by need403bhelp
Sat Apr 14, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 63
Views: 6748

Re: Insight Card (APY 5%) full personal review

In case it is helpful to anyone, I've had an Insight card or more for more than a year now. I think the issue with mailing the cards is that the apartment number somehow gets dropped off the address by the system automatically (it may actually be the entire 2nd address line). This happened on my las...