Search found 94 matches

by Adam11
Tue Feb 23, 2021 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting IRA with projected salary increase over 10 years
Replies: 6
Views: 534

Re: Inheriting IRA with projected salary increase over 10 years

Agreed, have it 100% withdrawn by 2024. Invest what you don’t need of the proceeds straight into taxable. And sorry for your loss, but what a wonderful and thoughtful gift at a time of life when you really could use the funds. Side note: If someone expresses to you their intention to leave you a tra...
by Adam11
Tue Feb 23, 2021 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Tax filing tips
Replies: 29
Views: 3099

Re: 2020 Tax filing tips

If your 2020 AGI is higher than 2019 and you will be eligible for the (likely) third round of stimulus checks, you probably want to wait until you receive your stimulus payment before filling. Why? I was thinking about people in the cutoff region. If your AGI in both years is below the cutoff for r...
by Adam11
Mon Feb 08, 2021 9:11 pm
Forum: Investing - Theory, News & General
Topic: VTSAX Finally Cracked $100 Per Share Today
Replies: 34
Views: 3908

Re: VTSAX Finally Cracked $100 Per Share Today

I find it utterly ridiculous that the media reports market movements in terms of points of the Dow, rather than percentages (of a real total market index). This. But 500 points sounds a lot more exciting (or scarier) than 1.5% up or down. In regards to OP’s observation, I’ve been regularly investin...
by Adam11
Sat Feb 06, 2021 1:52 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3482
Views: 579046

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

Up exactly 5% from 01/01/2021 to Friday, 02/05/2021.
Very pleased so far.
by Adam11
Wed Feb 03, 2021 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it to get a CPA? What's the average cost for those that use one for taxes?
Replies: 25
Views: 2426

Re: Worth it to get a CPA? What's the average cost for those that use one for taxes?

Thanks for the responses. I'll have to look around some more in my town as I was just quoted $1,000+ which seems a little high. I learned the value of tax planning doing them on my own. The return you will file April 15th, 2022 for 2021’s taxes are planned for now...in early 2021. Adjustments to in...
by Adam11
Tue Jan 26, 2021 3:44 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4032
Views: 194064

Re: GameStop GME: anyone joining?

I went to the wallstreetbets sub-reddit once (it was yesterday) and my first question was that how do you sort through and keep up with 1000s of posts a day. I mean if you believe that there is some good information out there, how do you find it? Thanks Sort the subreddit by either Hot, Top, or Con...
by Adam11
Mon Jan 25, 2021 5:25 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4032
Views: 194064

Re: GameStop GME: anyone joining?

Here is something funny: I have some shares of Bed Bath Beyond in my fun portfolio (a small fraction of our NW). I bought them last Spring for under $10 when it was supposed to go out of business. This morning, I saw it jumped by 50%, to $45, then fell back again. I thought WTH is going on, I mean ...
by Adam11
Mon Jan 25, 2021 5:17 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4032
Views: 194064

Re: GameStop GME: anyone joining?

DFV sold $2.2M worth of calls, I wonder if that will lead to others locking in profits as well. Can you please share the link where you read this info. After Friday’s close: https://www.reddit.com/r/wallstreetbets/comments/l2x7he/gme_yolo_update_jan_22_2021/ After today’s close: https://www.reddit....
by Adam11
Wed Jan 20, 2021 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: IRS delays start of tax filing season to Friday, February 12, 2021
Replies: 75
Views: 7137

Re: IRS delays start of tax filing season to Feb. 12

Also announced on IRS official website: https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic IR-2021-16, January 15, 2021 WASHINGTON ― The Internal Revenue Service announced that the nation's tax season will start on Friday, February ...
by Adam11
Tue Jan 19, 2021 11:29 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring
Replies: 140
Views: 7802

Re: Engagement Ring

OP, you should watch Marcus Lemonis’ “Streets of Dreams” recent episode on diamonds, and then decide which direction you want to go.

Clark Howard is big on lab-made diamonds. If you absolutely insist on buying a mined diamond, he says to shop for it at Costco.
by Adam11
Fri Jan 01, 2021 4:24 pm
Forum: Personal Consumer Issues
Topic: Have I Been Overpaying Amazon?
Replies: 98
Views: 7233

Re: Have I Been Overpaying Amazon?

I buy everything from Amazon and when I say 'everything', I mean 'everything'. From a large garden arbor that costs thousands of dollars to a $3 tube of caulk, everything I need comes from Amazon. I don't even remember the last time I set foot in a brick and mortar store. What happened today has ca...
by Adam11
Fri Nov 13, 2020 4:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 13113
Views: 1012643

Re: U.S. stocks continue to soar!

S&P500 Index closed today at a record-high 3,585.15 and there was hardly even a whiff of a headline. Is there disillusionment with this roaring market? Why the blasé attitude all of the sudden about investing when the financial news (good & bad) has been incessant since February? So happy to...
by Adam11
Fri Oct 23, 2020 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Tenant modified property and subletting on AirBnB
Replies: 96
Views: 10885

Re: Tenant modified property and subletting on AirBnB

OP, if I were you, I’d rent the AirBnB for one night (or hire your most contentious friend) and then squat in it. As they say, turnabout is fair play and then your landlord problems become his faux-landlord problems. Depending on your jurisdiction’s laws and the current eviction moratoriums due to C...
by Adam11
Thu Jul 09, 2020 3:51 pm
Forum: Personal Investments
Topic: investing for the election
Replies: 15
Views: 1384

Re: investing for the election

... I'm hoping to be FI in 8 years so my time line is shorter now and not really interested in taking such a big risk. I'm a buy every paycheck guy hopeing that the dollar cost averaging strategy pays off. It’s hard to predict the future. And since you’re here, you already know the answer you’re se...
by Adam11
Tue Jun 02, 2020 11:19 am
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 521
Views: 22254

Re: Why the heck is the market up?!?!

Today the market is up for the second straight day. There is rioting across the country. There is no relief from C19, and the protests will certainly make it worse. Recent development with China are bad. No good news anywhere. So why is the market up? I highly doubt that the folks you’re seeing hig...
by Adam11
Thu May 14, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 36253

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I applied for EIDL back in the beginning of April, got a confirmation number and have yet to receive my $1k. Is anyone else in the same boat? yup. I've given up on that one. gasdoc I applied for EIDL in the first few hours of applications being accepted and just today received the email from SBA be...
by Adam11
Thu Apr 30, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Keepsake items for new baby?
Replies: 25
Views: 1336

Re: Keepsake items for new baby?

1oz silver American Eagles dated 2020 from the US Mint.
by Adam11
Tue Apr 28, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle - delivery
Replies: 19
Views: 1814

Re: Side Hustle - delivery

If I cant make more than $25 an hour minimum, it isn't worth it. This is not going to happen. Over a 40+ hour workweek you are correct, it’s definitely not going to happen. I can pull $40/hr over a total of 6 hours on DoorDash when demand skyrockets (5-8pm on Friday & Saturday). All other times...
by Adam11
Wed Apr 22, 2020 12:58 am
Forum: Personal Consumer Issues
Topic: How much to tip on DoorDash?
Replies: 60
Views: 5263

Re: How much to tip on DoorDash?

How much do you generally tip on DoorDash for food delivered? I tip Doordash (and all other food delivery services) $0.00. Their employer pays them. Driver here. (I’ve posted extensively on driving uber here, but smoothly transitioned to DoorDash in the past month to keep the side-gig pocket money ...
by Adam11
Sun Mar 22, 2020 10:44 pm
Forum: Investing - Theory, News & General
Topic: Young investors, how do you feel about your 1st market crash?
Replies: 132
Views: 9422

Re: Young investors, how do you feel about your 1st market crash?

I've realized that my emergency fund is not nearly as large as it should be. I should not have lump summed in 2020's contributions. That's my biggest takeaway. As for the rest, it has been very mentally stressful. I think I'm finally past the acceptance stage and I can start moving on and accepting...
by Adam11
Sun Mar 22, 2020 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Paying estimated tax with credit card... how to come out ahead
Replies: 12
Views: 1024

Re: Paying estimated tax with credit card... how to come out ahead

I understand that quarterly estimated tax payments and tax return payments via EFTPS can be paid by credit card (CC), but the IRS charges a processing fee. Depending on the amount or % of the processing fee, and the % cashback earned with the CC used for the payments, one could come out ahead with ...
by Adam11
Mon Mar 16, 2020 3:50 pm
Forum: Personal Investments
Topic: Buying Silver for apocalypse
Replies: 63
Views: 3998

Re: Buying Silver for apocalypse

Hopefully not the apocalypse...yet. But I am looking for some guidance from an experienced silver investor in order to buy some silver that can be traded in the even that paper currency becomes useless. Yes, we have some canned goods, provisions for filtering water, shelter and loaded guns/ammo/etc...
by Adam11
Mon Mar 16, 2020 3:36 pm
Forum: Personal Investments
Topic: Anyone Rebalancing Today, 3/16/20?
Replies: 36
Views: 2219

Re: Anyone Rebalancing Today, 3/16/20?

Anyone rebalancing bonds to stocks today 3/16/20? My IPS calls for it as I am outside of my 5% band, but I have never had to do it in a down market. I am thinking of going in easy and rebalancing 2% or 3% only. Thoughts? Yes, both rebalanced and TLH’d today. I was on a plane Thursday afternoon so d...
by Adam11
Wed Feb 26, 2020 12:53 am
Forum: Personal Investments
Topic: Help w Fed Employee TSP C Fund
Replies: 33
Views: 2441

Re: Help w Fed Employee TSP C Fund

Any Federal employees in here? My 401k is all TSP C Fund and I'd like to temporarily switch to something with less risk until the coronavirus threat passes. I know you're supposed to just ride the wave here - and usually that's what I've always done - but I feel like this time I'd like to move forw...
by Adam11
Fri Jan 03, 2020 2:55 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3482
Views: 579046

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

What a ride! Might not ever top 2019 in my lifetime, but I’ve been wrong before.
Image
by Adam11
Thu Oct 03, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: TSP Participant Account Balances
Replies: 72
Views: 19548

Re: TSP millionaires club explodes

https://federalnewsnetwork.com/mike-causey-federal-report/2019/10/tsp-millionaires-club-explodes/ Yearly update from Mike Causey on TSP balance stats. 100,000+ participants are over or very near the $1M mark. “-At the end of September there were 39,399 individuals with Thrift Savings Plan accounts w...
by Adam11
Fri Sep 27, 2019 3:32 am
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 111
Views: 12860

Re: Anyonw driving Uber for fun and pocket money in retirement?

Suppose you buy that used 2017 Focus Sedan for $11,856. Let's say it has 50K miles on it when you buy it used, and the life of the car is 200K miles. After that, you will replace it. So it has 150K miles left on it. In one case you use it only for personal use at 15,000 miles per year. The car will...
by Adam11
Tue Sep 24, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: What Benefits to Expect for new Fed employee?
Replies: 72
Views: 5928

Re: What Benefits to Expect for new Fed employee?

OP is enrolled in FERS-FRAE (Further Revised Annuity). Not much different than the original FERS that ran from 1984 to 2012, except the employee contribution is now 4.4%, whereas original FERS employees contribute only 0.8%. https://www.fedsmith.com/2014/04/07/fers-fers-rae-fers-frae-what-does-all-t...
by Adam11
Thu Sep 19, 2019 1:00 pm
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 111
Views: 12860

Re: Anyonw driving Uber for fun and pocket money in retirement?

I sure hope that's not a dual clutch auto Focus. If it is, you do understand that Ford has no fix for the problems that will occur. If a manual, it's an awesome car that you can buy for a song because the dual clutch auto has dragged the values of these things into the toilet. Of course it’s the ma...
by Adam11
Thu Sep 19, 2019 11:01 am
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 111
Views: 12860

Re: Anyon[e] driving Uber for fun and pocket money in retirement?

Doing this about 10 hrs/wk enables me to max out an SEP-IRA with a ~$1500 contribution, so the yearly paper profit after taxes is ~$8000. There’s also about $4,000 in free untaxed income as I operate at half of the IRS’s suggested 58¢ standard mileage deduction, making the take-home net $22/hr...no...
by Adam11
Thu Sep 19, 2019 1:42 am
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 111
Views: 12860

Re: Anyon[e] driving Uber for fun and pocket money in retirement?

Ok... What if someone who couldn’t max his/her §401(k) space at work threw every penny beyond operating costs into a solo §401(k), paid for everything related to the business using travel rewards credit cards with appropriate churning? For the sake of discussion, let’s say that person was $10,000 s...
by Adam11
Wed Sep 18, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 111
Views: 12860

Re: Anyonw driving Uber for fun and pocket money in retirement?

When making a request for an Uber, you give your pickup point as well as your desired destination. So the driver knows in advance before accepting the task. Least of the issues driving for the ride share folks Mike Doesnt work that way, if that was the case short trips wouldn't occur as drivers wou...
by Adam11
Tue Jul 30, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: What's your Uber passenger rating?
Replies: 118
Views: 7806

Re: What's your Uber passenger rating?

. . . The rider’s rating and pick-up spot is the only info a driver has to go on before accepting a ride. Adam11 - what about destinations far from the pick-up spot? By far, I mean 50-100 miles away? If the driver accepts the ride, then when he arrives at the pick-up, he learns the passenger is goi...
by Adam11
Tue Jul 30, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: What's your Uber passenger rating?
Replies: 118
Views: 7806

Re: What's your Uber passenger rating?

Do Uber drivers really have time to go around rating all these passengers? I wonder which driver is saying, ok 5 stars, 5 stars... On a related note, does anyone else get the impression that Uber service is deteriorating? In NY, at least, I detect a distinct trend of Uber cars being dirtier, driver...
by Adam11
Tue Jul 30, 2019 9:04 am
Forum: Personal Consumer Issues
Topic: What's your Uber passenger rating?
Replies: 118
Views: 7806

Re: What's your Uber passenger rating?

4.91 as a passenger. 4.98 as a driver. https://i.imgur.com/SMN5SHQ_d.jpg?maxwidth=640&shape=thumb&fidelity=medium Riders with a rating of 4.80 and above will have no trouble getting rides. Picky drivers will hesistate accepting passengers with ratings in the 4.7 range and below, especially w...
by Adam11
Wed Jul 03, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 7129

Re: Adult son has not controlled credit card overuse!

Cut the cord and MYOB...this is his own behavior problem. I once was your son and getting told NO was the thing that finally put spending more than I earned behind me. (...) I asked my dad to loan me that $5k and I promised to pay him back $500/month for the next 11 months (in my mind a great deal ...
by Adam11
Wed Jul 03, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 7129

Re: Adult son has not controlled credit card overuse!

Cut the cord and MYOB...this is his own behavior problem. I once was your son and getting told NO was the thing that finally put spending more than I earned behind me. In my early to mid-20s I did a lot of borrowing from Peter to pay Paul. Most of it was completely my fault (overspending), while a l...
by Adam11
Sat Apr 27, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: Uber IPO
Replies: 38
Views: 3537

Re: Uber IPO

Uber doesn't make its own cars. It's prices will be undercut by driverless car companies. The "Uber" brand will be aquired for pennies on the dollar. My reading of the economic press, not hot stocks but what's going on more broadly and over time, suggests Uber and its competitors are aggr...
by Adam11
Sat Apr 27, 2019 1:05 pm
Forum: Investing - Theory, News & General
Topic: Uber IPO
Replies: 38
Views: 3537

Re: Uber IPO

My main concern with Uber is their lack of a moat. Following the various Uber scandals it seemed too easy for people to just switch to another service. I’d call the ~$23B of VC that’s been dumped into uber to build the brand a pretty big moat. It takes massive amounts of capital to create a worldwi...
by Adam11
Tue Mar 26, 2019 9:31 am
Forum: Investing - Theory, News & General
Topic: Zero federal tax. Will this cause an audit?
Replies: 43
Views: 4869

Re: Zero federal tax. Will this cause an audit?

I'm 36 and I've already received a number of "correspondence audits", maybe 3 or 4 in my lifetime. In the most recent example, I make a large fourth quarter estimated tax payment with the intent of intentionally overpaying my federal income taxes and generating a refund and using that ref...
by Adam11
Wed Jan 02, 2019 5:09 pm
Forum: Personal Consumer Issues
Topic: Uber/Lyft where do you sit?
Replies: 42
Views: 4414

Re: Uber/Lyft where do you sit?

Sit in the back.
The reason is that most experienced drivers already have the front passenger seat pulled forward to make the backseat a little more roomy. Also, sitting up front can be a little too much in the driver’s “space”.
by Adam11
Fri Nov 02, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: UberEats insurance & liability
Replies: 8
Views: 1524

Re: UberEats insurance & liability

Don’t blow your top just yet...Uber allows you to deliver uberEATS on a bicycle, and thousands of college kids all across the country do just that for flexible, steady part-time income.
by Adam11
Mon Aug 20, 2018 8:46 am
Forum: Personal Investments
Topic: VTSAX minimum vs IRA maximum
Replies: 9
Views: 1096

Re: VTSAX minimum vs IRA maximum

Buy $11k of VTSAX on January 2nd, 2019 (2018 & 2019 contribution).
by Adam11
Tue Aug 07, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 8067

Re: Best way to lose $200 in taxable income?

Looks like I need to figure out a way to reduce my income for 2018 so that I'm not kicked into a higher Medicare Premium rate. Looks like I'd have to pay an additional $600 or so in premiums, and if I can lose about $200 I'll be back under the threshold, for a net savings of $400. What are some qui...
by Adam11
Tue May 08, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Can you recommend a good mouse trap?
Replies: 49
Views: 4507

Re: Can you recommend a good mouse trap?

I do hope OP caught their mouse in the house (it's been almost a year!) But I saw this humane mouse-catching video a while back and thought it was pretty ingenious: https://youtu.be/BxxFNkNf6q8
by Adam11
Mon Feb 05, 2018 2:21 am
Forum: Personal Consumer Issues
Topic: 3rd Shifters, Seeking Advice.
Replies: 11
Views: 1267

Re: 3rd Shifters, Seeking Advice.

Thanks for the input, however it's pretty alarming the feedback on actually switching back to a normal shift. From what I'm reading it has actually turned out more difficult than acclimating to 3rd shift in itself? That alone worries me more than what I'm tackling now. Having something to do (like ...
by Adam11
Mon Feb 05, 2018 2:05 am
Forum: Personal Consumer Issues
Topic: 3rd Shifters, Seeking Advice.
Replies: 11
Views: 1267

Re: 3rd Shifters, Seeking Advice.

I last worked a graveyard shift (11pm-7am) about a decade ago and am likely still recovering from it. I did it for four years and can definitely say it's not for everyone. I've always been a night owl and acclimated quickly to the overnite work hours. What worked best for me was to immediately come ...