Search found 348 matches

by financial.freedom
Mon Sep 21, 2015 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I re-return money to IRS?
Replies: 25
Views: 2173

Re: Should I re-return money to IRS?

I thought the same, but CPA said 5-7 years can be amended. I'm pretty sure you can only amend 3 years but the IRS can AUDIT more if they expect fraud. (that's why you are told to keep 7 years worth of tax returns). I would hold onto the letters refusing your money, but not continue to try and get t...
by financial.freedom
Mon Sep 21, 2015 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I re-return money to IRS?
Replies: 25
Views: 2173

Re: Should I re-return money to IRS?

HR Block did our taxes incorrectly for the past 6 years, so we went to a CPA who amended them and we mailed in checks to Fed and CA state. However, now we are receiving money back from IRS (nothing back from State). The letters state: Thank you for the amended tax return received June [blank], 2015...
by financial.freedom
Mon Sep 21, 2015 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I re-return money to IRS?
Replies: 25
Views: 2173

Re: Should I re-return money to IRS?

I thought the same, but CPA said 5-7 years can be amended.
by financial.freedom
Mon Sep 21, 2015 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I re-return money to IRS?
Replies: 25
Views: 2173

Should I re-return money to IRS?

HR Block did our taxes incorrectly for the past 6 years, so we went to a CPA who amended them and we mailed in checks to Fed and CA state. However, now we are receiving money back from IRS (nothing back from State). The letters state: Thank you for the amended tax return received June [blank], 2015....
by financial.freedom
Fri Sep 18, 2015 3:19 pm
Forum: Investing - Theory, News & General
Topic: "Tax-Loss Harvesting vs Rebalancing vs Doing Nothing"
Replies: 43
Views: 3878

Re: "Tax-Loss Harvesting vs Rebalancing vs Doing Nothing"

Interesting read... probably holds true for majority of investors but NOT my situation. 1. High % of my portfolio is taxable. 2. I've been TLH-ing early in life, so the delay in paying cap gains taxes has longer to compound (longer for "loan" from the IRS to compound). 3. Most likely will be in a l...
by financial.freedom
Fri Sep 18, 2015 12:44 am
Forum: Investing - Theory, News & General
Topic: "Tax-Loss Harvesting vs Rebalancing vs Doing Nothing"
Replies: 43
Views: 3878

Re: "Tax-Loss Harvesting vs Rebalancing vs Doing Nothing"

Interesting read... probably holds true for majority of investors but NOT my situation. 1. High % of my portfolio is taxable. 2. I've been TLH-ing early in life, so the delay in paying cap gains taxes has longer to compound (longer for "loan" from the IRS to compound). 3. Most likely will be in a lo...
by financial.freedom
Tue Sep 15, 2015 10:42 am
Forum: Investing - Help with Personal Investments
Topic: How to buy VG funds via regular mail?
Replies: 8
Views: 904

Re: How to buy VG funds via regular mail?

Another option to work around the frequent trading restrictions would be to use an automatic transaction. Automatic transactions can be created to: 1) exchange funds 2) purchase funds using money from your bank (if you have a linked bank account) 3) selling funds and sending money to your bank. IMO...
by financial.freedom
Mon Sep 14, 2015 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: How to buy VG funds via regular mail?
Replies: 8
Views: 904

How to buy VG funds via regular mail?

I sold TSM and TISM in taxable online for TLH and to buy back 31 days later sounds as though it has to be done via regular US mail (due to the frequent trading policy online). How have others on the forum done this? Do you mail a check and quick statement of what you want to buy to: Vanguard P.O. Bo...
by financial.freedom
Tue Sep 08, 2015 9:46 am
Forum: Personal Consumer Issues
Topic: Should I change to artificial grass (in SoCal)?
Replies: 43
Views: 4556

Re: Should I change to artificial grass (in SoCal)?

You could try bucket baths rather than showers. It's surprising how much water can be used depending upon the method of showering. I use very little water, only shower 2-3x per week (other times I swim in the pool in the morning before work) and use a bucket to throw water into the pool that is not...
by financial.freedom
Tue Sep 08, 2015 9:41 am
Forum: Personal Consumer Issues
Topic: Should I change to artificial grass (in SoCal)?
Replies: 43
Views: 4556

Re: Should I change to artificial grass (in SoCal)?

I would recommend xeriscaping with native Californian plants and/or drought tolerant plants over artificial turf. My employer has redone some areas with artificial grass and some with xeriscaping. The xeriscaped areas look much better. The state-wide rebate program through MWD to replace lawns with...
by financial.freedom
Mon Sep 07, 2015 4:40 pm
Forum: Personal Consumer Issues
Topic: Should I change to artificial grass (in SoCal)?
Replies: 43
Views: 4556

Re: Should I change to artificial grass (in SoCal)?

The pool doesn't seem to require as much water as the front/side/back lawns. I fill the pool manually with a hose, about 30-45 minutes of water per week. The sprinklers were using about 8-10 hours of water per week when we first moved in. With the changes in water restrictions, we are using 3 hours ...
by financial.freedom
Sun Sep 06, 2015 2:42 am
Forum: Personal Consumer Issues
Topic: Should I change to artificial grass (in SoCal)?
Replies: 43
Views: 4556

Re: Should I change to artificial grass (in SoCal)?

We use dymondia as a ground cover now along with native plants and a drip system. Dymondia is sold in flats at Home Depot and some nurseries with about 100 plugs to a flat, each plug planted about 18" apart. You can walk on it and when the edges curl up, you see the gray underside. That means it's ...
by financial.freedom
Sun Sep 06, 2015 2:37 am
Forum: Personal Consumer Issues
Topic: Should I change to artificial grass (in SoCal)?
Replies: 43
Views: 4556

Re: Should I change to artificial grass (in SoCal)?

Thank you for all of the great replies. I checked the sprinkler system for leaks and looks fine to me. Was able to cut our bill in half just by watering according to the City restrictions (3x per week, 5 mins per system x 12 for total of 60 mins). Evaporation from the pool is an area that can be imp...
by financial.freedom
Sat Sep 05, 2015 11:19 pm
Forum: Personal Consumer Issues
Topic: Should I change to artificial grass (in SoCal)?
Replies: 43
Views: 4556

Re: Should I change to artificial grass (in SoCal)?

There is no HOA, so no concern there. My wife doesn't like the look of artificial grass, but she hasn't seen many examples (and I haven't either). Our grass is turning brown too with the 5 min 3 x per week restrictions. Not entirely brown, but went from green to being about 30% brown. We could repla...
by financial.freedom
Sat Sep 05, 2015 10:15 pm
Forum: Personal Consumer Issues
Topic: Should I change to artificial grass (in SoCal)?
Replies: 43
Views: 4556

Should I change to artificial grass (in SoCal)?

We recently purchased a house, and between a pool and large lot size (by SoCal standards) our water bill is VERY high. I changed the sprinklers to water 3x per week and 5 mins for each set, according to the drought restrictions in our area. I've made other changes in lifestyle, but our monthly bill ...
by financial.freedom
Tue Aug 25, 2015 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should I TLH Total Stock Market?
Replies: 8
Views: 1232

Re: Should I TLH Total Stock Market?

This is good advice, in general I check on my funds from time-to-time using their similar ETF (such as VTI for TSM). I last checked around 3pm EST and decided to go for it. Monday ended up being a good day to TLH (was more than double the 6k stated above). Decided that I'll just stick with Large Cap...
by financial.freedom
Tue Aug 25, 2015 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: After TLH Reminder: Update cost basis etc.
Replies: 1
Views: 279

After TLH Reminder: Update cost basis etc.

Just a reminder for those who Tax Loss Harvested recently: 1. If it is a new fund that wasn't in your account before, the default setting is "reinvest" cap gains and dividends. For many (probably most), it is best to change the default. 2. For many, the cost basis should be changed to SpecID for the...
by financial.freedom
Tue Aug 25, 2015 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Which tax-exempt bond fund ??
Replies: 37
Views: 9465

Re: Which tax-exempt bond fund ??

The AMT-free feature sounded appealing to me, then I looked up the prospectus for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX): https://personal.vanguard.com/us/funds/snapshot?FundId=0542&FundIntExt=INT#tab=2 It has 0% listed for AMT -- so that is ALSO an AMT-free fund right now...
by financial.freedom
Mon Aug 24, 2015 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Can I TLH when there are "unavailable" shares?
Replies: 1
Views: 361

Re: Can I TLH when there are "unavailable" shares?

Nevermind, it shows up when I try to do the exchange online. Think I answered my own question.
by financial.freedom
Mon Aug 24, 2015 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Can I TLH when there are "unavailable" shares?
Replies: 1
Views: 361

Can I TLH when there are "unavailable" shares?

I purchased shares of Total Stock Market on 8/20 and they are "unavailable" when I log in to Vanguard until 8/27. If I TLH, I think that I need to exchange ALL shares to avoid a wash sale since these were purchased less than 30 days ago, correct? Does that mean I can't exchange today without a wash ...
by financial.freedom
Sat Aug 22, 2015 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should I TLH Total Stock Market?
Replies: 8
Views: 1232

Re: Should I TLH Total Stock Market?

Is this at Vanguard, and are any of these covered shares? If so, do you have separate tax lots, and perhaps losses in some lots and gains in others? The idea is that you may be able to sell just the tax lots with losses instead of selling all shares. If at Vanguard, you can set your tax basis metho...
by financial.freedom
Sat Aug 22, 2015 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I TLH Total Stock Market?
Replies: 8
Views: 1232

Re: Should I TLH Total Stock Market?

Thank you for the reply. I don't hold any small cap funds (just 3-fund with munis in taxable). Would it make much of a difference?
by financial.freedom
Sat Aug 22, 2015 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Should I TLH Total Stock Market?
Replies: 8
Views: 1232

Should I TLH Total Stock Market?

I have 200k Total Stock Market in Taxable and could sell it for a loss of about 6k. Already have a loss from harvesting Total International in taxable (exchanged it for VG FTSE All World-Ex US) for a loss of 4k. 1. Is it worth it to exchange 200k worth of funds for a 6k loss or should I wait for a h...
by financial.freedom
Fri Aug 07, 2015 5:40 pm
Forum: Personal Consumer Issues
Topic: Home security system and land line
Replies: 15
Views: 1686

Re: Home security system and land line

FWIW:

Power outages and burglars can prevent a landline from working, right?

Don't think I'd ever pay for a security system unless it operates wirelessly, such as from a cell tower.
by financial.freedom
Thu Aug 06, 2015 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: High income earners (300k) without employee retirement options (401k/403b)
Replies: 15
Views: 2588

Re: High income earners (300k) without employee retirement options (401k/403b)

1. Backdoor Roth IRA for you and spouse each year (11k) the first week of January. 2. Max out 401k for spouse (18k+ -- does she have employer match?) 3. Get 1099 at your current job or find a side job and max out solo 401k 4. In the meantime d/w your employer setting up 401k 5. Look into HSA 6. LBYM...
by financial.freedom
Fri Jul 31, 2015 10:24 am
Forum: Personal Finance (Not Investing)
Topic: CA State Refund Intercepted by DMV
Replies: 12
Views: 2613

Re: CA State Refund Intercepted by DMV

See: https://www.ftb.ca.gov/individuals/dmv/billing.shtml , #7. Yes, I read that already. We moved around the time the car was turned back in, so maybe DMV sent it to the old address. Some of our mail is being forwarded and some not (for reasons that are unclear). Regardless, the dealership should ...
by financial.freedom
Fri Jul 31, 2015 10:13 am
Forum: Personal Finance (Not Investing)
Topic: CA State Refund Intercepted by DMV
Replies: 12
Views: 2613

CA State Refund Intercepted by DMV

The DMV intercepted my CA state refund check and took away money equal to the amount of my prior vehicle registration fee. However, the lease was over on the vehicle and I had already turned the car back in before the registration was due. Is there any way to get the money back? I feel as though cal...
by financial.freedom
Sat Jul 11, 2015 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 10278

Re: In-laws not saving for retirement -- help!

What should I do? Is there anything I can do? Save yourself (selves, if your wife is on the same page with you). Do the in-laws live in a different state? If not, do you know what the filial support laws are like in your state? Even people in the middle to well off/responsible end of the financial ...
by financial.freedom
Sat Jul 11, 2015 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 10278

Re: In-laws not saving for retirement -- help!

BolderBoy wrote:
financial.freedom wrote:What should I do? Is there anything I can do?
Save yourself (selves, if your wife is on the same page with you). Do the in-laws live in a different state? If not, do you know what the filial support laws are like in your state?
They live in a different state.
by financial.freedom
Sat Jul 11, 2015 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 10278

Re: In-laws not saving for retirement -- help!

... is there any way your wife can make them realize that they have a problem? That's the first step... ... I'm also astonished they would ask you to sign a loan for that amount. How do they think you're going to be able to afford it with an interest rate that is surely pretty high given their hist...
by financial.freedom
Sat Jul 11, 2015 2:19 pm
Forum: Personal Consumer Issues
Topic: Curtains vs. Shutters?
Replies: 7
Views: 2029

Curtains vs. Shutters?

We received a quote from Home Depot for $7k for shutters for 6 windows (two of the windows are pretty large, about 105" across). The quote is more expensive that what we were expecting. I think shutters look nice, but I'm concerned they will obstruct the view and not let in as much sunlight. What ar...
by financial.freedom
Fri Jul 10, 2015 6:20 pm
Forum: Personal Consumer Issues
Topic: Roof done: call company to pay or wait from them to call?
Replies: 10
Views: 1867

Re: Roof done: call company to pay or wait from them to call?

Don't pay until: 1. You are satisfied with the job. Walk the roof yourself if it is walkable. Have the contractor do a walk-through with you. 2. Make sure there is no damage. We found damage inside our house. They told us it wasn't their fault. I told them I wouldn't pay until they had someone from ...
by financial.freedom
Fri Jul 10, 2015 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 10278

Re: In-laws not saving for retirement -- help!

You didn't co-sign the loan? I would second the suggestion NOT to start enabling, it will just delay the their making hard choices. Our family is not the sort to get into each other's business, maybe your family is? Correct, we did not co-sign the loan (it was for 2M yikes). We know their business ...
by financial.freedom
Fri Jul 10, 2015 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 10278

Re: In-laws not saving for retirement -- help!

sawhorse wrote:By the way, how did you and your wife find out their financial information?
They asked us to co-sign a loan, so we inquired.
by financial.freedom
Fri Jul 10, 2015 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 10278

Re: In-laws not saving for retirement -- help!

livesoft wrote:Self-employed people are supposed to pay FICA/medicare taxes just like everybody else -- at least if they have any profits.
When I last inquired, my father-in-law told me his accountant shows losses every year.
by financial.freedom
Fri Jul 10, 2015 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 10278

Re: In-laws not saving for retirement -- help!

Thank you for the advice. Yes, I think they have not been paying much into the system for SS since they have mainly been self-employed over the years. They've had other businesses go bankrupt in the past and survived. But they seem to be slowing down as they get older (mid 60s), don't know how much ...
by financial.freedom
Fri Jul 10, 2015 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 10278

In-laws not saving for retirement -- help!

I'm really concerned about my in-laws. They are in their 60s, not saving for retirement, accumulating a lot of debt, and I'm concerned that at some point in time it will have a major impact upon my spouse and I. My father-in-law at one point had 400k in his work 401k, but he recently took out all of...
by financial.freedom
Fri Jul 10, 2015 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CD @ 2.4% - a good deal?
Replies: 32
Views: 5683

Re: 5 year CD @ 2.4% - a good deal?

Don't see this mentioned above, but have to take your tax bracket into consideration. For my tax rate, 2.4% CDs is ~1.2% muni bond so make more sense for me to go munis for 5-year horizon right now.
by financial.freedom
Sun Jun 28, 2015 4:04 pm
Forum: Personal Consumer Issues
Topic: What is best attic fan thermostat setting?
Replies: 2
Views: 1437

What is best attic fan thermostat setting?

We live in coastal SoCal and do not have AC. We have a new roof with one attic fan installed. The default setting was 110 degrees F, but when the electrician hooked it up he put the thermostat at 90 degrees. It runs all day long, starting at 730am even when the house is relatively cool. Should we ch...
by financial.freedom
Sun Jun 07, 2015 6:16 pm
Forum: Personal Consumer Issues
Topic: Best way to re-key locks on new house?
Replies: 36
Views: 11995

Re: Best way to re-key locks on new house?

Thanks for all of the suggestions! Just wanted to follow-up: I called a few locksmiths and cheapest for drilling/installing deadbolt was $150. Lowes and a few other places only re-keyed locks specifically purchased from their store. I removed the locks, took them to a local Ace HW store and they re-...
by financial.freedom
Tue May 26, 2015 10:57 pm
Forum: Personal Consumer Issues
Topic: Best way to re-key locks on new house?
Replies: 36
Views: 11995

Re: Best way to re-key locks on new house?

Thank you for the replies!

I will take out the cylinders and have them re-keyed at the local hardware store, great advice.

Will look into the drill attachment for the deadbolt installation.
by financial.freedom
Mon May 25, 2015 7:15 pm
Forum: Personal Consumer Issues
Topic: Best way to re-key locks on new house?
Replies: 36
Views: 11995

Re: Best way to re-key locks on new house?

If you do not have deadbolts now, then re-keying will not make them appear magically. I don't quite understand what this deadbolt discussion is about because if you have deadbolts now, new deadbolts will very likely fit in the same holes. There is one door to the outside that does not have a deadbo...
by financial.freedom
Mon May 25, 2015 6:49 pm
Forum: Personal Consumer Issues
Topic: Best way to re-key locks on new house?
Replies: 36
Views: 11995

Re: Best way to re-key locks on new house?

I meant the tools to install a new deadbolt.
by financial.freedom
Mon May 25, 2015 6:36 pm
Forum: Personal Consumer Issues
Topic: Advice Re: roof replacement South Bay LA County?
Replies: 1
Views: 360

Advice Re: roof replacement South Bay LA County?

Any advice from BHs regarding roof replacement? We need to replace the entire roof on a new purchase ASAP. We have one quote for 40k, using lightweight concrete tiles. Plan is to get 2-3 more quotes and get it replaced in the next 2-3 weeks. When looking for a roofing company, we want a company that...
by financial.freedom
Mon May 25, 2015 6:28 pm
Forum: Personal Consumer Issues
Topic: Best way to re-key locks on new house?
Replies: 36
Views: 11995

Re: Best way to re-key locks on new house?

Great, thanks!

I can probably buy and replace the locks, but drilling/installing a deadbolt on one of the doors is probably beyond my scope.
by financial.freedom
Mon May 25, 2015 4:42 pm
Forum: Personal Consumer Issues
Topic: Best way to re-key locks on new house?
Replies: 36
Views: 11995

Best way to re-key locks on new house?

The last time I paid to re-key locks on a house I called a few locksmiths and it was very expensive, about $450 for 5 locks. I called Lowe's and they will re-key locks for free, but I have to buy all new locks from Lowe's (about $50-100 per lock depending on the type) and install them myself. Howeve...
by financial.freedom
Sun May 17, 2015 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should we purchase home without permits?
Replies: 70
Views: 7351

Re: Should we purchase home without permits?

PS - If they do not have the time or equity to bring it up to code, another option is asking them to come down on the purchase price so that we can pay to have it done. If that happens, how much would you ask for -- 20k? 30k? The only thing I don't like about this approach is our homeowner's insuran...
by financial.freedom
Sun May 17, 2015 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should we purchase home without permits?
Replies: 70
Views: 7351

Re: Should we purchase home without permits?

That's about the age of my home. How's the electrical look? My first concern is that you're seriously lacking on grounded outlets, especially GFI (Ground Fault Interrupters) for the bathrooms. If grounded outlets are required to bring it up to code, you're looking at a major overhaul. If anything h...
by financial.freedom
Sun May 17, 2015 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should we purchase home without permits?
Replies: 70
Views: 7351

Re: Should we purchase home without permits?

I think that entering into a large financial commitment in which you will lack liquidity will result in you having to change your name sake from financial freedom to something less desirable. According the NYT rent vs. buy calculator, we'd have to live there about 8-10 years for it to make financia...