Search found 334 matches

by Billionaire
Sun Jan 21, 2018 12:06 pm
Forum: Personal Investments
Topic: Choosing 403(b) TIAA Investments
Replies: 22
Views: 2953

Re: Choosing 403(b) TIAA Investments

I have a decedent account at TIAA. All the money is invested in the Guaranteed Interest Fund. It's been paying 3% for the entire 5 years I've owned it. I consider it part of my bond allocation.
by Billionaire
Sun Jan 21, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: return expensive 3 year old's eye glasses?
Replies: 22
Views: 2293

Re: return expensive 3 year old's eye glasses?

I've been wearing glasses for about 55 years. Not to deviate too much from the OP's question, but years ago my co-workers were buying glasses on-line. To me, all the frames look like they came out of a Cracker Jacks box. Maybe things have improved. A couple of years ago I started using a new opticia...
by Billionaire
Sun Jan 21, 2018 9:35 am
Forum: US Chapters
Topic: My daughter got her dream job [Proud Papa]
Replies: 40
Views: 6542

Re: My daughter got her dream job

Congrats to you and your daughter. It's nice to hear these stories.
by Billionaire
Wed Jan 17, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 3505

Re: Take a 401k Loan?

That's a heck of a bad investment. You just didn't lose money, you are in debt over it. I would just pay it off by Jan 2019 and then reconsider refinancing.
by Billionaire
Wed Jan 17, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 3202

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

Now that is highway robbery. In my experience with two different decedent IRA's, there were no fees involved. One stayed put at TIAA-CREF. The other went from RBC to RBC and then onto TDAMERITRADE. There may have been an incidental amount ($25.00) in the later case.
by Billionaire
Mon Jan 15, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 4103

Re: PTO policy after international business travel

Could depend on your supervisor. A reasonable supervisor would let you either work from home for a day or give you a comp day. Five days is a bit much.
by Billionaire
Mon Jan 15, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 19204

Re: Stats on When People Take Social Security

As expected there are a lot of dogmatic opinions on the topic. Every person has their own unique perspective and opinion. In 2017, we had two friends die at the age of 55 and 60. I also had a couple of co-workers die at similar ages. They never had a chance to make the decision.
by Billionaire
Sat Jan 13, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 132
Views: 16002

Re: Best 401k Employer Match Structure

50% of 6%, plus (here is the kicker) a profit sharing match up to $5,000.00 of eligible earnings. To be eligible for the profit sharing you need to be on the payroll as of 12/31. In my case, it's been in the neighborhood of a total of $9,000.00 plus, as a match each year.
by Billionaire
Wed Jan 10, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 326
Views: 50743

Re: Anyone disenchanted with retirement?

Six days for me and I am bored out of my mind. HEEEELLLLPPPPPP!!!!!!!!
by Billionaire
Sat Jan 06, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: Effects of extreme cold weather
Replies: 107
Views: 12430

Re: Effects of extreme cold weather

I'd guess a lot of stores are seeing a big drop-off in business. We are going to the mall today, to get some walking exercise and maybe buy something. I need some more long johns, but I suspect the stores are all out.
by Billionaire
Sat Jan 06, 2018 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 6192

Re: Downsizing to one car in retirement...

My sister-in-law (age 58) and her husband (age 60) recently retired and now have one car. Money is not an issue. My wife and I get a big laugh out of it. To us, it's just an extension of their needy relationship and need to be around each other 24/7. It's disturbing. Who knows, maybe they are trying...
by Billionaire
Fri Jan 05, 2018 8:53 am
Forum: Personal Investments
Topic: Goodbye Capital One 360!!
Replies: 56
Views: 12900

Re: Goodbye Capital One 360!!

It's not out of the question that it's user error. I saw it a lot in my line of work.
by Billionaire
Wed Jan 03, 2018 8:46 pm
Forum: Personal Investments
Topic: Goodbye Capital One 360!!
Replies: 56
Views: 12900

Re: Goodbye Capital One 360!!

Question for the OP....What was so excruciatingly important that you needed access to the website and/or a representative ASAP? I have no complaints about Capital One 360. If I've ever had a problem it was probably because I was trying to logon at 3:00 am in the morning the the system is possibly be...
by Billionaire
Sat Dec 30, 2017 5:47 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2018!
Replies: 388
Views: 80765

Re: Roll Call for the Retirement Class of 2018!

January 2nd, as in this coming Tuesday. After taking a breather, I may look for part-time or full-time work. The only thing I was enjoying was the $$$ and maxing out my 401K and HSA accounts. The work got boring and stupid, plus the people were draining.
by Billionaire
Sat Dec 30, 2017 5:43 am
Forum: Personal Investments
Topic: Severance Pay and 401k contributions
Replies: 15
Views: 4179

Re: Severance Pay and 401k contributions

You have the right idea. Just make sure the 50% 401K deduction doesn't cause your net to be a negative number. If it does go negative, your 401K deduction may be ignored. We had somebody recently ask for 75% 401K deduction. That combined with HSA, 401K loan, medical deductions (pre and post tax), F...
by Billionaire
Fri Dec 29, 2017 6:43 pm
Forum: Personal Investments
Topic: Severance Pay and 401k contributions
Replies: 15
Views: 4179

Re: Severance Pay and 401k contributions

So I guess I will plan on having 50% (max) taken out of paycheck during January an February. I want to tax shelter as much as possible You have the right idea. Just make sure the 50% 401K deduction doesn't cause your net to be a negative number. If it does go negative, your 401K deduction may be ig...
by Billionaire
Fri Dec 29, 2017 12:04 pm
Forum: Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 6293

Re: Is it me or does everything seem expensive?

This seems like a good thread to post the lyrics to a song written in 1929 by BLIND ALFRED REED. "How Can A Poor Man Stand Such Times And Live?" There once was a time when everything was cheap, But now prices nearly puts a man to sleep. When we pay our grocery bill, We just feel like making our will...
by Billionaire
Wed Dec 27, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC quotes IRS on terms of deductibility of prepaid property taxes
Replies: 79
Views: 7419

Re: IRS clarifies 2018 property tax prepayment

A couple of months ago I created a 2017 estimate using Turbo Tax 2016 software. As a test, I added $8,000.00 to my real estate taxes paid and the result was that the federal tax liability was unchanged. My MD state liability improved. The culprit was AMT. I'm not prepaying.
by Billionaire
Wed Dec 27, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Schwab SIP rebalancing on December 26, 2017
Replies: 1
Views: 485

Schwab SIP rebalancing on December 26, 2017

I have four accounts at Schwab enrolled in the SIP program. The year-end distributions were made on December 22 and my accounts were re-balanced yesterday, December 26. The bulk of the money was put into a new fund for each of my accounts - HYLB, Xtrackers USD High Yield Corporate Bond ETF. There wa...
by Billionaire
Mon Dec 25, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 174272

Re: What frugal thing did you do today?

We entertained a small group at our house last night. We planned to to out for dinner tonight, but my wife is not feeling well. Cha-Ching I. She offered to give me some money to go to a movie. Cha-Ching II. Now I'll probably have left-overs for dinner. Cha-Ching III.
by Billionaire
Mon Dec 25, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 65
Views: 16933

Re: Do any of you follow Bob Brinker?

Back in the day, probably the early 90's or so, I used to listen to Adrienne Berg, Bill Bresnan, Bernard Meltzer and Bob Brinker. They were on WABC and WOR out of NYC. I took bits and pieces from each and came up with my own plan. Bresnan eventually came under fire, possibly sued, for some questiona...
by Billionaire
Wed Dec 20, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: NYC restaurant suggestion
Replies: 60
Views: 5906

Re: NYC restaurant suggestion

It may not meet all of your criteria, but this...
https://www.themeatballshop.com/...
afterwards, you can head over to......
http://www.manitobas.com/ for some cocktails......
by Billionaire
Sat Dec 16, 2017 10:21 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 30359

Re: 2nd million is easier!

LittleGreenSoldiers wrote: Fri Dec 15, 2017 11:43 pm
sambb wrote: Fri Dec 15, 2017 11:02 pm the first billion is the hardest
Hear, hear!
Here's to the BH 3 commas club.
Thanks for the shout out.
by Billionaire
Tue Dec 12, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: Concert Decision and Advice
Replies: 41
Views: 3194

Re: Concert Decision and Advice

I've been to hundreds of concerts going back to 1972 and have kept the ticket stubs to prove it. Growing up in Northern New Jersey, I had a wealth of opportunities to see live music in the area. I've seen incredible shows and some duds. Every venue size imaginable. Sometimes I went solo and sometime...
by Billionaire
Sat Dec 09, 2017 8:10 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 21800

Re: Save all this money, what do you splurge on?

I've incurred $2,000.00 of auto repair bills in the last two weeks. I decided to buy myself a new Shinola watch.

https://www.shinola.com/mens/watches/al ... -s039.html
by Billionaire
Fri Dec 08, 2017 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 34
Views: 3083

Re: Worth it to Amend incorrect CPA prepared tax returns?

I work for the IRS. Thanks for the heads-up. I'll be looking for your amended 2016 return.
by Billionaire
Thu Dec 07, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 34
Views: 3083

Re: Worth it to Amend incorrect CPA prepared tax returns?

There was a similar topic on the forum recently. I always suggest amending all the returns. Otherwise, your sleep will be impacted. Yes, I'm either going to do this or do nothing. I'll decide after speaking to my CPA. Never again. I'm with you, from now on, I'm going to do my own taxes. I would get...
by Billionaire
Thu Dec 07, 2017 6:57 am
Forum: Personal Consumer Issues
Topic: I received a speeding ticket via mail from IA - should I pay it?
Replies: 72
Views: 22978

Re: I received a speeding ticket via mail from IA - should I pay it?

No, don't pay it. In fact, don't pay any of your bills or debts.
by Billionaire
Wed Dec 06, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Worth it to Amend incorrect CPA prepared tax returns?
Replies: 34
Views: 3083

Re: Worth it to Amend incorrect CPA prepared tax returns?

There was a similar topic on the forum recently. I always suggest amending all the returns. Otherwise, your sleep will be impacted. Last year, the CPA firm that prepared my mother's trust botched it. I had to point out errors to them before and after the return was filed. The 2015 return was perfect...
by Billionaire
Mon Dec 04, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of going "back" to school nearing 40?
Replies: 24
Views: 3522

Re: Thinking of going "back" to school nearing 40?

In 1989, I was 34 years old at the time and decided to get out of the real estate business. I took 6 months off from work to attend a technical school for computer programming. Best decision I ever made in my life.
by Billionaire
Sun Dec 03, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Amend 2015 taxes based on a new K-1 two years later?
Replies: 35
Views: 2791

Re: Amend 2015 taxes based on a new K-1 two years later?

File the amended tax return and free your mind of the burden. Otherwise, your wife and you will be looking over your shoulders for years. I know a person who has won Pulitzer Prizes and other presigious awards for major US newspapers and owes old state taxes. All their real estate transactions (and ...
by Billionaire
Sun Dec 03, 2017 8:45 pm
Forum: Personal Investments
Topic: Moving inheritance taxable account to retirement accounts?
Replies: 21
Views: 2088

Re: Moving inheritance taxable account to retirement accounts?

I would make the move in 2017. When did you inherit the money and what was it worth at that time? If you sell in 2017, I would take a look at the capital gains/losses in the account and attempt to minimize 2017 capital gains.
by Billionaire
Mon Nov 27, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Amend 2015 taxes based on a new K-1 two years later?
Replies: 35
Views: 2791

Re: Amend 2015 taxes based on a new K-1 two years later?

The executor should be communicating with the beneficiaries as to the reason for the amended K-1's. The OP should not have to come on a internet chat forum for guesses and assumptions as to why the amended K-1 was issued. Unbelievable.
by Billionaire
Fri Nov 24, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to negotiate a layoff?
Replies: 22
Views: 3192

Re: Is it possible to negotiate a layoff?

Thanks for the responses. We had a layoff last year and I almost went into the bosses office to ask if one of the people marked for layoff could be replaced by me. I really wanted to work all of 2017. The company doesn't offer much to laid off staff, but it would suite my needs. Maybe I should just ...
by Billionaire
Thu Nov 23, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to negotiate a layoff?
Replies: 22
Views: 3192

Is it possible to negotiate a layoff?

I was wondering if anybody has ever negotiated their own layoff?
by Billionaire
Thu Nov 23, 2017 7:23 am
Forum: Personal Investments
Topic: Finding a direction - What next?
Replies: 15
Views: 2250

Re: Finding a direction - What next?

You are laying a good foundation, which at your age is huge. Ditch the aviation hobby (sorry) and you improve things drastically.
by Billionaire
Wed Nov 22, 2017 11:43 am
Forum: Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 2797

Re: How do you define success in your life?

Success to me is being locked in the bar after closing time.
by Billionaire
Wed Nov 22, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 17691

Re: Help DW gets fired, but then next day her boss offers her job back

Yikes, her place of employment sounds like a real nightmare. They deserve no professional courtesies. I'm not sure I would accept a pay cut. Is everybody getting their salary reduced?
by Billionaire
Wed Nov 22, 2017 11:05 am
Forum: Personal Investments
Topic: Inheriting 4 stocks
Replies: 15
Views: 1696

Re: Inheriting 4 stocks

Don't expect pinpoint accuracy on an internet chat forum, especially in the area of federal and state taxes. I think you have enough to get more detailed information from a tax professional, IRS publication or any other available resources.
by Billionaire
Wed Nov 22, 2017 6:33 am
Forum: Personal Investments
Topic: Inheriting 4 stocks
Replies: 15
Views: 1696

Re: Inheriting 4 stocks

You need to educate yourself about stepped up basis for an inherited stock. The cost basis is based on the date of death of the deceased. Sorry for your loss.
by Billionaire
Tue Nov 21, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 22691

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I was gonna buy a bunch of books and stuff off of his website using my credit card. I just saved a bunch of money.
by Billionaire
Sun Nov 19, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 16073

Re: The valet smashed my Tesla into a brick wall!

Wow that is beat. Yes to getting your insurance company involved. Maybe the valet should have said, "why don't you park it". The valet should know what driving the car entails.
by Billionaire
Sat Nov 18, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 8074

Re: Where did you first learn about investing?

Back in the early 80's my grandfather starting giving me and my sisters shares of stocks. Wasn't the best way for him to give away his money, but I did not complain. Around the same time I started working for a large brokerage company on Wall Street in the accounting area. Those events, plus my back...
by Billionaire
Fri Nov 17, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: Is dent repair service worth it?
Replies: 17
Views: 2162

Re: Is dent repair service worth it?

I had it done to my Cadillac. The car was parked in the garage and my bike was leaning against the wall, fell over and put a dime size dent on the body right above the wheel. I think it cost $80.00. The procedure was called PDR (Paintless dent removal). The car was only 3-4 years old. Best money I e...
by Billionaire
Wed Nov 15, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Scooter insurance for a 20 year old college student
Replies: 22
Views: 2007

Re: Scooter insurance for a 20 year old college student

I can walk 1 mile in about 15 to 20 minutes. If the distance is two miles or less, they should just walk. I assume the student will be transporting books, etc, in a backpack, making the scooter travel a tad more precarious.
by Billionaire
Tue Nov 07, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Poll-How much do you have in your HSA?
Replies: 50
Views: 6767

Re: Poll-How much do you have in your HSA?

Up to 2015 we were covered by my wife's health care program that did not offer an HSA. She retired and we join my medical plan in 2016. Contributed $5,750.00 and received a $2,000.00 ER match in 2016 for a total of $7,750.00. That was all spend in 2016 covering my wife's medical problems. In 2017, I...
by Billionaire
Mon Nov 06, 2017 5:58 pm
Forum: Personal Consumer Issues
Topic: How do I select a good employment law attorney?
Replies: 46
Views: 3592

Re: How do I select a good employment law attorney?

Good luck, I'm on your side. In other words, get a good attorney and sue them for all you can.
by Billionaire
Mon Nov 06, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 15784

Re: Why make more money?

Yeah, I'm going through a lot of this stuff now. I'm sick of my job, sick of working, sick of sitting at a desk, sick of all the people I have to look at on a daily basis. I make great money. We aren't that busy now. I want to retire in early 2018, but am starting to think about continuing to work t...
by Billionaire
Sat Nov 04, 2017 7:21 pm
Forum: Personal Consumer Issues
Topic: How do I select a good employment law attorney?
Replies: 46
Views: 3592

Re: How do I select a good labor-law attorney?

Despite, or perhaps because of, the multi-billion-dollar size of this outfit, I don't think the left hand knows what the right hand has been up to. At least so far. I would think a multi-billion dollar company would have an employee hotline to report this type of stuff or better yet, Employee Assis...
by Billionaire
Fri Nov 03, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Max HSA?
Replies: 12
Views: 1913

Re: Max HSA?

If I felt my job was stable, I would move "emergency savings to 6 months" to #4.