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My son is a Resident Assistant for the 2023-2024 school year. For this position he had to go on campus two weeks before the fall and spring session started, night duties through out semester, staying on campus during holidays, event management and making sure everyone is safe. In return for his...

Posted on BH and posting here for more clarity.. My daughter is graduating from medical school this May and will soon start her residency in June. So far, for last nine years she was dependent on my tax return but will be filing her taxes as independent for the first time next year for the year...

I just logged into my Schwab account and found out that one of the stocks(AVANTAX INC) I've been holding over 25 years was sold due to mandatory merger. As a result I've over 125K capital loss. I hardly have any income but my capital gain distribution from other equities at year end would be...

I just filed taxes for free for my brother and I recommend them. If your agi > 73K then you will pay $9.95 for state but federal would still be free. Also they are most up-to-date with all the forms like 1116 Sch B which big names like TT and HRB are punting away and may not support at all -...

My daughter is in Medical School and I have about 250K(80K my contribution and 170K in gain) in 529 plan. I am the owner of 529 and she is the beneficiary. By filling out the FAFSA she automatically qualifies and receives 40.5K of un-subsidized Stafford loan. Her yearly expense would be about...

MFJ Family of 5 - 3 Kids(21 and in College, 13, 13) 1040 Line 8b Tax Exempt Interest $7277 1040 Line 22 Total Income $121,328 Dependent DD's W2 Income $291.20 Deducations as follow: 1040 Line 25 HSA Deduction $6750 1040 Line 27 Deductible part of Self Employment Tax $742 1040 Line 29 Self...

I have taken several courses from Certstaff training center last year and paid a total of $2500. Can I claim them as LLC? I have all the receipts and certifications. I spoke with my accountant and he said I need 1098-T. Called training company and I am getting bumped around and not getting...

I just got a letter from my insurance company with their intent to increase premium. It is going up from 1495 per month to 2126. My current premium is $857 after $638 subsidy. Now it’ll be $1488 after subsidy. Also coinsurance in tier 1 will increase from 10% to 30%. This almost...

As part of my layoff package, I was offered $2500 for retraining assistance. Which meant I can take any course/s worth $2500, pay first and then submit paper work to get that amount reimbursed. My company will then pay me and issue me 1099 for that $2500. Now questions are: 1) Do I need to...

I retired last year and enrolled into ACA plan from June of this year. Since I do not have any income coming in this year, I will be converting some amount from 401K to Roth IRA and want to estimate how much to convert and stay below 400% FPL. We're family of five so magic number to stay below...

http://www.early-retirement.org/forums/f26/48-loooking-to-er-in-2017-2020-is-my-plan-real-or-i-am-dreaming-64516.html Updates: I tried to reply to original post pasted above but it did not allow me. This was my first email to this forum exactly four years ago today. At the time, I had no...

I know that you can not contribute more than your earned income in Roth IRA. But what happens for following situation: - Marrried, DH-53 DW-47 - DW's earned Income: About 6000/year - DH's earned Income: 0 (Retired) I think DW will be able to contribute full 5500 in her Roth IRA. But...

I just resigned. We had several re-orgs at my MegaCorp in past three months and my role from global was changed to local customer base. Worst of all was last Friday when I got paid for end of July and found out by surprise that my base salary was cut by 8% and that too was retroactive from...

My portfolio(65/35) took a hit of 101K...about 3.5% loss. What was yours? I am planning to ride this out as usual. Will rebalance next month if AA is off by 5%. Sent from my iPhone using Early Retirement Forum

My wife is a Speech Pathologist and started consulting this year. She'll earn about 25K of income paid to her by consulting company on 1099 this year. My daughter is in 2nd year of college and has been helping my wife with billing and scheduling patients. We've been paying her $150/month in...

My 11 years old twin boys want to learn about investing. I tried to explain them but I think It'll be more beneficial for them if there is a kid friendly book which can explain them basics. Please let me know how you started with your kids, any tips and suggestions on the books. My daughter...

My megacorp provides free financial planning through Ayco. Has anyone used them? Is it worth the time or a trap to suck you into investing for their benefits. I've ignored all their attempts to contact me for past six years. I've never had any financial planning done but lately thinking...

How/Where do I find mutual funds dividend and capital gain distribution dates in advance? I can see historical dates at morningstar.com but it does not tell me next distribution date.

Is this legal and possible? A Roth IRA for your kids? Yes, you can. If yes, I would like to have a jumpstart for my 10 years old boys….Here is the content posted at above link so folks do not have to go to external link to read it….. Please let me know your thoughts. I asked my CPA but...

I've about 50K cash in my account earning almost nothing. My friend keeps telling me to buy PHK as it has almost 12% yield and made up of different bonds so lesser risk than stocks. My idea is to use this cash incase of emergency only or when market dips and I need cash. I'm willing to take...

I read at so many places including this forum that there is a HUGE difference in premium if your MAGI goes above 400% FPL. I'm about five years away from ER and was planning to keep MAGI below 400% FPL but afraid that it may go above as I'll have lot to convert from IRA-->Roth IRA. I ran...

Everyone I know including family and friends think I'm crazy when there is a conversation about retirement, 529 plan, IRA, Roth IRA, paid off house, paying cash to buy new car and not having any credit card or any kind of debt. Most of them have no long term view and think saving couple of...

I just sold 1.683M of various MFs from all accounts(Brokerage/IRA/Roth IRA) yesterday. Why? I just want to start fresh.....I'm going through portfolio makeover(first time ever in my life) and don't know why but I just felt yesterday to sell most of them. Was it a good(lucky) move? Who knows...

I've been trying to understand SS system and would like you to verify if I understood it correctly and if my assumptions below are correct. I can then plug in correct info. in FireCalc to run my scenario. I've been working since 1984 and SS estimates at age 70 will be around 30K DW has...

It's strange what I see with Firecalc... Two identical scenario with different years(40 vs 50 years of payout) analyzed for 100% success rate to withdraw 120K/year. 50 years period require less portfolio amount, 3.194M vs 3.318M for 40 years...Would not 50 yrs payout period require higher...