Search found 935 matches

by Luckywon
Thu Apr 23, 2020 5:25 pm
Forum: Personal Consumer Issues
Topic: Sidewalk situation
Replies: 33
Views: 2247

Re: Sidewalk situation

I think I'd call the police and tell them the situation and that you are bothered mainly because it is a violation of the ADA. Hopefully they will take some action. If they didn't I'd notify the mayor's office or city council.
by Luckywon
Wed Apr 22, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 315
Views: 22338

Re: Optimizing PPP Forgiveness

The employER portion of FICA is excluded per the SBA's definition of payroll costs. The only employER taxes you can include are state and local unemployment premiums. I would assume the limit to 401k would be whatever the standard match is for the employee's salary. We match 3% so we can't give any...
by Luckywon
Wed Apr 22, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 315
Views: 22338

Re: Optimizing PPP Forgiveness

We're transferring the forgivable portion to our account that pays the entire amount. That way there's a paper trail for the transfer, and the amount is verified by the payroll reports and EFTPS confirmations. I'm thinking of opening up an account for my PPP funds as well. I wanted to be sure I abs...
by Luckywon
Wed Apr 22, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 315
Views: 22338

Re: Optimizing PPP Forgiveness

We're transferring the forgivable portion to our account that pays the entire amount. That way there's a paper trail for the transfer, and the amount is verified by the payroll reports and EFTPS confirmations. I'm thinking of opening up an account for my PPP funds as well. I wanted to be sure I abs...
by Luckywon
Tue Apr 21, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Withdraw EIDL application after getting PPP?
Replies: 6
Views: 476

Re: Withdraw EIDL application after getting PPP?

Davistax wrote:
Tue Apr 21, 2020 7:27 pm
The EIDL grant is taxable. The PPP loan, if forgiven, is not taxable.
My accountant seems to think this is not clear. Do you have a definitive source on this?
by Luckywon
Tue Apr 21, 2020 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Withdraw EIDL application after getting PPP?
Replies: 6
Views: 476

Re: Withdraw EIDL application after getting PPP?

You don't need to accept the EIDL, or sign the loan docs if offered the loan. Or are you worried about the EIDL advance? It seems that any EIDL advance ($1k/employee, $10k max) will reduce the forgivable amount of the PPP. Of course the advance is a grant too so that might even out. I haven't seen ...
by Luckywon
Tue Apr 21, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 315
Views: 22338

Re: Optimizing PPP Forgiveness

We were hoping or had read that benefits like retirement contributions and health insurance were over and above the 100k limit. Any other views on this out there? That's my understanding too. Based on this from the U.S. Treasury Department, it seems fairly explicit that retirement contributions and...
by Luckywon
Tue Apr 21, 2020 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Withdraw EIDL application after getting PPP?
Replies: 6
Views: 476

Withdraw EIDL application after getting PPP?

Does anyone know a mechanism to withdraw an EIDL application? With my PPP funded, receiving an EIDL would only complicate matters, I believe.
by Luckywon
Mon Apr 20, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Vehicle Insurance
Replies: 13
Views: 993

Re: Purchasing Vehicle Insurance

If you were to try to purchase a $5Million or $10Million umbrella, you would certainly get questions from the company underwriters about why you have a need for such high limits. These discussions would include wanting information on your net worth, and information about your activities to make sur...
by Luckywon
Mon Apr 20, 2020 11:27 pm
Forum: Personal Investments
Topic: Share your experience if you timed the market
Replies: 38
Views: 2386

Re: Share your experience if you timed the market

Unless it's real-time, never believe anyone on the Internet or your brother-in-law or your next-door neighbor how about how well they timed the market in the past, even the near past. Seriously... it's a complete waste of time to ask this question. This is so true. Even if one produced documents, m...
by Luckywon
Mon Apr 20, 2020 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Are we doing everything we could with personal finances?
Replies: 17
Views: 2466

Re: Are we doing everything we could with personal finances?

One thing you might do at this time and any time the markets dip significantly is to take a look within your non-retirement accounts to see if any of your positions are in the red, i.e. worth less than what you purchased them for. If this is the case, you may consider tax loss harvesting. Capital g...
by Luckywon
Mon Apr 20, 2020 1:35 pm
Forum: Investing - Theory, News & General
Topic: [Oil futures price plummets, Bogleheads react]
Replies: 154
Views: 8263

Re: Just ordered 10'000 barrels of oil for 1 USD - anyone else?

McGilicutty wrote:
Mon Apr 20, 2020 1:09 pm
The price just went negative.
So if you just want the barrel without the oil it's more?
by Luckywon
Mon Apr 20, 2020 1:31 pm
Forum: Personal Consumer Issues
Topic: Eating out after lock-down is lifted
Replies: 112
Views: 10393

Re: Eating out after lock-down is lifted

mptfan wrote:
Mon Apr 20, 2020 9:55 am
michaeljc70 wrote:
Sun Apr 19, 2020 2:40 pm
I don't know of any major chain requiring shoppers to wear face masks though I know some cities have required that.
What cities require face masks?
Many counties and cities in California. In Beverly Hills, it's even required if you are walking by yourself outside.
by Luckywon
Mon Apr 20, 2020 12:29 am
Forum: Personal Investments
Topic: Freaked Out/Sold during Pandemic
Replies: 33
Views: 3695

Re: Freaked Out/Sold during Pandemic

I realize many of you wise Bogleheads will think I'm a numbskull for having freaked out and pulled my money out of stocks in the first place. There are a LOT of us out here who have done similar or worse, just not talking about it much. These forums tend to make one feel inadequate as there is a hu...
by Luckywon
Sun Apr 19, 2020 2:59 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 12048

Re: I'm out [of the market]

It makes a big difference whether you have $135,500 v. $1,355,000. If the former, than what you did is reasonable. If the latter, then much less so. After all, presumably you saved this money for some reason, and have a goal for it? If it is to 1) replace income for the survivor when one of you die...
by Luckywon
Sun Apr 19, 2020 2:57 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 12048

Re: I'm out [of the market]

How much is "$1,35500.00"? If you're missing a zero and that's 1.35 million, you're good. Do whatever you want. If the comma is misplaced and that's 135K, I'd do some thinking... :sharebeer OP stated that he can easily live on social security and pension. I don't think it makes any difference if it...
by Luckywon
Sun Apr 19, 2020 1:28 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 12048

Re: I'm out [of the market]

How much is "$1,35500.00"? If you're missing a zero and that's 1.35 million, you're good. Do whatever you want. If the comma is misplaced and that's 135K, I'd do some thinking... :sharebeer OP stated that he can easily live on social security and pension. I don't think it makes any difference if it...
by Luckywon
Sun Apr 19, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 36073

Re: Car Dealers not really wanting to make a deal

If I were a dealer, selling cars at a deep discount would be a terrible idea. I would be better off partly closing down, laying off workers and waiting for the crisis to end. I probably have a small margin on each new car sale. Why guarantee a loss by selling below my costs? When more people are ou...
by Luckywon
Sun Apr 19, 2020 11:20 am
Forum: Personal Investments
Topic: Tax Categories
Replies: 15
Views: 850

Re: Tax Categories

Generally, Roth conversions make sense when you expect to be at a higher marginal tax bracket in the future. This does not appear to be likely in your case (unless you are speculating income taxes may be legislatively increased in the future). If I were in your shoes, I would not spend much time thi...
by Luckywon
Sun Apr 19, 2020 10:22 am
Forum: Investing - Theory, News & General
Topic: Neiman Marcus to file for bankruptcy
Replies: 67
Views: 6899

Re: Neiman Marcus to file for bankruptcy

simplesimon wrote:
Sun Apr 19, 2020 9:37 am

Luxury brands will do better because the higher margins afford better cash flow. None of the names mentioned in this thread so far are luxury brands.
You don't consider Neiman Marcus a luxury brand?
by Luckywon
Sun Apr 19, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Are we doing everything we could with personal finances?
Replies: 17
Views: 2466

Re: Are we doing everything we could with personal finances?

One thing you might do at this time and any time the markets dip significantly is to take a look within your non-retirement accounts to see if any of your positions are in the red, i.e. worth less than what you purchased them for. If this is the case, you may consider tax loss harvesting. Capital ga...
by Luckywon
Sat Apr 18, 2020 1:33 pm
Forum: Personal Consumer Issues
Topic: Computers - Solid State Drive vs. Hard Disk Drive
Replies: 75
Views: 4202

Re: Computers - Solid State Drive vs. Hard Disk Drive

An SSD is also silent (HDDs make at least some noise) and is generally more reliable than HDDs, and basically shock-proof. I know almost nothing about computers so take what I write with a grain of salt but I was shocked at how much noise an SSD laptop I recently purchased made. Turns out it has bo...
by Luckywon
Sat Apr 18, 2020 1:16 pm
Forum: Personal Investments
Topic: Any way to undo TLH?
Replies: 15
Views: 1052

Re: Any way to undo TLH?

There is one way this capital gains problem goes away, but you may not like it. (Hint-it will benefit your heirs, not you.) Another way it goes away doesn't benefit you directly; you can donate the replacement stock to charity. (This is what I have done with most of my replacement stock purchased a...
by Luckywon
Sat Apr 18, 2020 1:13 pm
Forum: Personal Consumer Issues
Topic: Computers - Solid State Drive vs. Hard Disk Drive
Replies: 75
Views: 4202

Re: Computers - Solid State Drive vs. Hard Disk Drive

An SSD is also silent (HDDs make at least some noise) and is generally more reliable than HDDs, and basically shock-proof. I know almost nothing about computers so take what I write with a grain of salt but I was shocked at how much noise an SSD laptop I recently purchased made. Turns out it has bo...
by Luckywon
Sat Apr 18, 2020 1:01 pm
Forum: Personal Investments
Topic: Any way to undo TLH?
Replies: 15
Views: 1052

Re: Any way to undo TLH?

No I sold the old position at a loss, but the loss was small compared to the gain that it now has. I.e. I bought SPY at about ~250 some years ago, sold it at ~230 to TLH, but now it is back up to ~280. So the loss doesn't fully offset the gain and the remaining gain will be taxed at higher rates. T...
by Luckywon
Sat Apr 18, 2020 12:19 pm
Forum: Personal Consumer Issues
Topic: Issues with face masks?
Replies: 92
Views: 6109

Re: Issues with face masks?

I have a 3M brand mask from Home Depot labeled N95. Pretty miserable to wear for more than a few minutes. Besides the two bands being so tight they pinch the back of your head, it's like breathing into your cupped hands. You're breathing in the carbon dioxide you exhale. That's probably why you're ...
by Luckywon
Sat Apr 18, 2020 11:30 am
Forum: Personal Consumer Issues
Topic: Passport Covers and Camouflage Passports
Replies: 13
Views: 1229

Re: Passport Covers and Camouflage Passports

I.e. you are in a casino in Morocco, and don’t want to attract attention as a rich American. You’d rather be seen as a (relatively) boring and non-valuable Brazilian, Austrian, or whatever, and you just want a drink. Maybe I'm not quite understanding, but I think presenting false ID is far more lik...
by Luckywon
Sat Apr 18, 2020 11:04 am
Forum: Personal Consumer Issues
Topic: Issues with face masks?
Replies: 92
Views: 6109

Re: Issues with face masks?

OK, then let's hope you don't need the secondary protection afforded by your mask. Since I rarely sneeze or cough, I wonder if I can simply carry my mask and only put it on when interacting with a clerk? If there is a directive in your jurisdiction to wear a mask in a given situation, I very strong...
by Luckywon
Sat Apr 18, 2020 10:34 am
Forum: Personal Consumer Issues
Topic: Eating out after lock-down is lifted
Replies: 112
Views: 10393

Re: Eating out after lock-down is lifted

If you say reduce seating by 50%, I don't see the business surviving by increasing prices by 50%. People enjoy going out but prices do matter and if that $15, 20, 30 meal becomes $22, 30, 45 that would make eating home much more likely. If seating is reduced by 50%, prices would have to go up 100% ...
by Luckywon
Sat Apr 18, 2020 10:09 am
Forum: Personal Consumer Issues
Topic: Eating out after lock-down is lifted
Replies: 112
Views: 10393

Re: Eating out after lock-down is lifted

If you say reduce seating by 50%, I don't see the business surviving by increasing prices by 50%. People enjoy going out but prices do matter and if that $15, 20, 30 meal becomes $22, 30, 45 that would make eating home much more likely. If seating is reduced by 50%, prices would have to go up 100% ...
by Luckywon
Fri Apr 17, 2020 10:22 pm
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7619

Re: Retirees: what are you doing with all the home equity?

I don't think it will ever make financial sense for me to sell my home, because of capital gains taxes that would be due. My heirs will appreciate the step up in basis.
by Luckywon
Fri Apr 17, 2020 10:18 pm
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7619

Re: Retirees: what are you doing with all the home equity?

Up until DW's stoke nothing. Since then I sold the house and added the equity to the balance to pay for her care. How big of a hassle was it for you to get the house ready, sell it, move to a new place, and adjust to the community and neighbors? I may need to do this a few years from now. Travelfor...
by Luckywon
Fri Apr 17, 2020 3:55 pm
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 226
Views: 27471

Re: Please share some lifestyle creep you regret.

Any recommendations on best places to buy used lenses? I like the idea though have concerns the lens may be damaged. Sure, I like KEH, but some of the big name places have more “official” refurbs, e.g. Adriana, BH Photo/Video. There is a private seller place where I bought my 70-200, but that was a...
by Luckywon
Thu Apr 16, 2020 6:58 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 32017

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

A 2.4% withdrawal rate tells me that there would need to be wholesale societal changes in order for folks to be able to retire with any sort of comfort. How many folks are able to save 41x expenses? Next to none. We need an acronym for this since there are so many topics on FIRE. Maybe WILT: Work i...
by Luckywon
Wed Apr 15, 2020 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Father's Lawsuit Settlement
Replies: 21
Views: 1906

Re: Father's Lawsuit Settlement

My opinion is there is too much unclear and relevant information absent in your post to get meaningful advice here. If you have not done so already, I think certainly you should get second, third and fourth legal opinions . Isn't that a little premature..... and expensive? For right now just say no...
by Luckywon
Wed Apr 15, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Father's Lawsuit Settlement
Replies: 21
Views: 1906

Re: Father's Lawsuit Settlement

My opinion is there is too much unclear and relevant information absent in your post to get meaningful advice here. If you have not done so already, I think certainly you should get second, third and fourth legal opinions.
by Luckywon
Wed Apr 15, 2020 11:18 am
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 226
Views: 27471

Re: Please share some lifestyle creep you regret.

Expensive camera lenses — I’ve found that I’m happy and well-engaged using my 35mm lens and don’t use the other focal lengths I purchased. Andy. My nifty fifty on the full frame has delighted me for the past several years. I used to have a solid armory, with a 16-35 L, a 24-70L and a 70-200L. I sol...
by Luckywon
Sun Apr 12, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Reason not to buy car at end of lease?
Replies: 28
Views: 2355

Re: Reason not to buy car at end of lease?

I think I'm gonna have her call the dealer tomorrow, have her tell them she is leaning towards buying out the lease Those are the words that are going to strike terror into the dealer's ears. Repeat them often. The original lease, in a sense, was not a good deal for you, because they overestimated ...
by Luckywon
Sun Apr 12, 2020 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Reason not to buy car at end of lease?
Replies: 28
Views: 2355

Re: Reason not to buy car at end of lease?

I agree that buying the vehicle if you like it is an excellent option considering it is worth more than its residual value. I want to mention though that whichever Mazda dealer you return your current vehicle to may have the option of selling the Mazda at their lot, turning a tidy profit. They may t...
by Luckywon
Sun Apr 12, 2020 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Reason not to buy car at end of lease?
Replies: 28
Views: 2355

Re: Reason not to buy car at end of lease?

Sorry if this has been mentioned but benefits of purchasing the vehicle would also include waiver of disposition fee (at least this has been my experience) and of course you wouldn't be subject to excess wear and tear charges.
by Luckywon
Fri Apr 10, 2020 1:00 am
Forum: Investing - Theory, News & General
Topic: If you have a sizable portfolio, you don't need an emergency fund
Replies: 140
Views: 10564

Re: If you have a sizable portfolio, you don't need an emergency fund

watchnerd could you expand a bit on what you are referring to here? Selling at a loss isn't the only problem to address. Selling at an unwanted gain, and paying taxes on the gain, is another. You can still be sitting on gains if the market goes down. Selling stocks to pay bills forces you to realiz...
by Luckywon
Fri Apr 10, 2020 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance in the age of Corona
Replies: 18
Views: 1573

Re: Life Insurance in the age of Corona

I morbidly wonder about some actuarial issues during this period. With the stay at home orders will there be a change in death rates: Less automobile accidents with the greatly reduced driving. less other accidents (work related, leisure activities, etc... More or less homicides, suicides and whate...
by Luckywon
Thu Apr 09, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth asking car insurer to decrease premium during pandemic?
Replies: 32
Views: 1636

Re: Is it worth asking car insurer to decrease premium during pandemic?

cheese_breath wrote:
Thu Apr 09, 2020 1:43 pm

That's a zero, not an Oh. See the following link, and you'll see it's an oval and the Oh at number 6 is a circle.

https://www.pinterest.com/pin/460704236 ... JEDTSWrgpF
A very elegant pr00f. I l0ve B0gleheads :)
by Luckywon
Thu Apr 09, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth asking car insurer to decrease premium during pandemic?
Replies: 32
Views: 1636

Re: Is it worth asking car insurer to decrease premium during pandemic?

When they set the system up, area codes had to have a "1" or "0" as the middle digit. Big cities like Los Angeles and New York got 213 and 212 respectively. Sparsely populated areas like the central coast of California got 805. Why, because if you had to use the operator they could spin the dial fa...
by Luckywon
Thu Apr 09, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth asking car insurer to decrease premium during pandemic?
Replies: 32
Views: 1636

Re: Is it worth asking car insurer to decrease premium during pandemic?

California Geico customer here. Geico's website said to call for COVID-related questions so I tried that but was on hold for over 30 min and gave up. I messaged them through their site saying what my mileage was for the past 4 weeks and the next day I received a response that they were refunding ab...
by Luckywon
Thu Apr 09, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth asking car insurer to decrease premium during pandemic?
Replies: 32
Views: 1636

Re: Is it worth asking car insurer to decrease premium during pandemic?

... I'm wondering if it's worth the trouble ... How much trouble is it to call the number, ask the question, and get a yes or no? If you think that's trouble you should have lived in the days of the rotary phones. We had to move that little wheel around a circle until it stopped for every number. A...
by Luckywon
Thu Apr 09, 2020 11:39 am
Forum: Investing - Theory, News & General
Topic: If you have a sizable portfolio, you don't need an emergency fund
Replies: 140
Views: 10564

Re: If you have a sizable portfolio, you don't need an emergency fund

This amount must be available for you to withdraw without penalty. Just a note that in the recent drop in equities valuation I found it very easy to raise needed cash without capital gains (especially in my international funds in the red all the way back to 2011). I abandoned having an EF a few yea...
by Luckywon
Thu Apr 09, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth asking car insurer to decrease premium during pandemic?
Replies: 32
Views: 1636

Is it worth asking car insurer to decrease premium during pandemic?

In California and have two vehicles insured by AAA based on annual mileage 7500-10,000 each. I'm now driving very little. I heard some insurers are giving premium refunds due to reduced driving and claims. Has anyone had success asking for this from AAA or other insurers? I'm wondering if it's worth...
by Luckywon
Thu Apr 09, 2020 11:27 am
Forum: Investing - Theory, News & General
Topic: Inherited IRA
Replies: 8
Views: 502

Re: Inherited IRA

Yes, the way the withdrawal over 10 years is implemented is through yearly RMDs. My understanding is that if the original owner is a nonspouse and died after 12/31/19, the inherited IRA must be depleted within 10 years. Within those 10 years, there are no yearly RMD's-funds can be withdrawn on any ...
by Luckywon
Thu Apr 09, 2020 11:00 am
Forum: Investing - Theory, News & General
Topic: If you have a sizable portfolio, you don't need an emergency fund
Replies: 140
Views: 10564

Re: If you have a sizable portfolio, you don't need an emergency fund

This amount must be available for you to withdraw without penalty. Just a note that in the recent drop in equities valuation I found it very easy to raise needed cash without capital gains (especially in my international funds in the red all the way back to 2011). I abandoned having an EF a few yea...