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Forum: FIRE and Money 12-31-2019, 05:58 PM
Replies: 27
Views: 1,464
Posted By VFK57
There are two actions at the time of Market...

There are two actions at the time of Market scare: 1. sell everything and wait till Market starts to recover, 2. stay put whatever (needs cash to wait over the turbulence). Personally I belong to 2nd...
Forum: Health and Early Retirement 12-31-2019, 05:44 PM
Replies: 46
Views: 1,509
Posted By VFK57
My wife had multiple basil skin spots removed and...

My wife had multiple basil skin spots removed and one melanoma surgery. However her younger sister (52) needs our prayers because she has only few month to live. Liver cancer quietly spread to lymph...
Forum: FIRE and Money 11-22-2019, 04:17 PM
Replies: 28
Views: 1,220
Posted By VFK57
Any currency in the world is attached to a...

Any currency in the world is attached to a country economy (GDP size, growth / recess, money supply etc.). Then what cryptocurrency tied to or backed with? If nothing then it is pure speculation. If...
Forum: FIRE and Money 11-16-2019, 10:27 AM
Replies: 46
Views: 4,944
Posted By VFK57
Agree. Also from my experience, watching many...

Agree. Also from my experience, watching many relatives and friends kids as well as our only son growing, I came to conclusion: spoiled kids are very seldom able to earn their living and support a...
Forum: FIRE and Money 11-14-2019, 04:30 PM
Replies: 21
Views: 1,232
Posted By VFK57
I red it in Mark Faber (Swiss economist and...

I red it in Mark Faber (Swiss economist and investor) and Jim Rickards (economist, former CIA advisor on economic warfare and main agitator for Gold standard) posts.
Forum: FIRE and Money 11-14-2019, 12:55 PM
Replies: 21
Views: 1,232
Posted By VFK57
2008 Financial melt down started from inability...

2008 Financial melt down started from inability to pay Debt, mostly from Real Estate but it quickly spread to all Bond and Stock Market. If we enter similar crises, according to Powell, the Feds have...
Forum: FIRE and Money 10-11-2019, 07:29 PM
Replies: 153
Views: 9,152
Posted By VFK57
Rent payment, minus my expenses, is part of our...

Rent payment, minus my expenses, is part of our income in retirement. If a renter delay or not paying the rent, it affects our ability to pay our bills. Of course there are people who can afford loss...
Forum: FIRE and Money 10-07-2019, 03:28 PM
Replies: 153
Views: 9,152
Posted By VFK57
I am a landlord and tell you from my experience...

I am a landlord and tell you from my experience as well as at least two more (a friend and a relative) who are also landlords and we do use a Lease agreement. If rental market is strong you put...
Forum: FIRE and Money 10-07-2019, 02:50 PM
Replies: 153
Views: 9,152
Posted By VFK57
Not sure if your state is different but in...

Not sure if your state is different but in California before you lease your property, you have a right to make a lease agreement where it is quite legal to set up rent (if it is higher then average,...
Forum: FIRE and Money 10-07-2019, 02:33 PM
Replies: 18
Views: 1,314
Posted By VFK57
Investing in Real Estate is not a bad idea...

Investing in Real Estate is not a bad idea instead of rent. On the long run it will pay off by rising equity. I remember 30 years ago houses (1,500 -2,000 sq ft), in area we live in, where around...
Forum: FIRE and Money 10-07-2019, 02:19 PM
Replies: 153
Views: 9,152
Posted By VFK57
I would suggest to make a new 1 year lease...

I would suggest to make a new 1 year lease agreement where you put a grace period of 3 to 5 days (your choice) then if rent is not received penalty of $300 - $500 on the top of the rent plus interest...
Forum: FIRE and Money 09-12-2019, 04:20 PM
Replies: 41
Views: 2,752
Posted By VFK57
Resolution: I hired H&R Block professional Tax...

Resolution: I hired H&R Block professional Tax preparer to review the problem. After reviewing the CP2000 Form and my 2017 Tax Return, she said that everything was filed as it should, ISO proceeds...
Forum: FIRE and Money 09-10-2019, 04:56 PM
Replies: 41
Views: 2,752
Posted By VFK57
They report $20K

They report $20K
Forum: FIRE and Money 09-10-2019, 04:55 PM
Replies: 41
Views: 2,752
Posted By VFK57
Well, I decided to visit professional Tax...

Well, I decided to visit professional Tax preparer.
Forum: FIRE and Money 09-10-2019, 04:36 PM
Replies: 41
Views: 2,752
Posted By VFK57
@kaneohe...

@kaneohe (http://www.early-retirement.org/forums/members/kaneohe-5906.html) Thanks.
Forum: FIRE and Money 09-10-2019, 04:28 PM
Replies: 41
Views: 2,752
Posted By VFK57
Filing schedule D will put me in a position that...

Filing schedule D will put me in a position that I pay the Tax twice. Lets say the difference of grant and actual cost at the time of exercise was $50K, it was added to our W2 and our Tax increased...
Forum: FIRE and Money 09-10-2019, 04:08 PM
Replies: 41
Views: 2,752
Posted By VFK57
SecondCor521...

SecondCor521 (http://www.early-retirement.org/forums/members/secondcor521-6334.html) It is not first time we file ISO exercise, it has always been via W2. It is not reported by schedule D. Company...
Forum: FIRE and Money 09-10-2019, 03:45 PM
Replies: 41
Views: 2,752
Posted By VFK57
@Michael, their note shows them as securities...

@Michael, their note shows them as securities sold so I have to pay the Capital Gain Tax. But I have a statement from my wife company about this amount is included it W2. This is second year I...
Forum: FIRE and Money 09-10-2019, 02:56 PM
Replies: 41
Views: 2,752
Posted By VFK57
No any shares, other then exercised ISO, were...

No any shares, other then exercised ISO, were sold that date. Calling to IRS is useless waste of time as there are hours to wait and they still will tell you to contact the office from which the...
Forum: FIRE and Money 09-10-2019, 02:33 PM
Replies: 41
Views: 2,752
Posted By VFK57
IRS wants to Tax twice same income.

I need advise. In 2017 my wife and I exercised Intensive Stock Options (ISO) from her company. ISO exercised amount minus what we owed her company was included in her W2, we paid 1040ES to cover...
Forum: Hi, I am... 02-11-2019, 03:58 PM
Replies: 21
Views: 2,302
Posted By VFK57
There are people who like and enjoy their work...

There are people who like and enjoy their work and there are people who do not like, hate or no longer can do physically(due to health issues or injury) their work. On the other hand being in 50s or...
Forum: FIRE and Money 02-03-2019, 08:30 AM
Replies: 21
Views: 1,467
Posted By VFK57
Stress at work and, in some cases, at home is a...

Stress at work and, in some cases, at home is a slow killer. The older we are we become less tolerant to stress and like many doctors point out most deceases are directly relating to prolonged...
Forum: FIRE and Money 12-24-2018, 05:54 PM
Replies: 210
Views: 14,852
Posted By VFK57
That is what keeps me from selling. YTD drop of...

That is what keeps me from selling. YTD drop of almost 13%
Forum: FIRE and Money 11-11-2018, 09:07 AM
Replies: 85
Views: 4,946
Posted By VFK57
About 5 years ago I switched from the TurboTax to...

About 5 years ago I switched from the TurboTax to H&R Block because I could never get help - advise from the TurboTax reps. However this year I decided to switch back to the TurboTax despite superior...
Forum: FIRE and Money 11-10-2018, 11:23 AM
Replies: 97
Views: 7,949
Posted By VFK57
"Economy is booming" - sure all mass media...

"Economy is booming" - sure all mass media confirms it but our National Debt continue to grow even faster, what most reasonable people cannot connect with the "booming economy". The higher interest...
Showing results 1 to 25 of 372

 
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