3,762 reputation
819
bio website ndssl.vbi.vt.edu
location Blacksburg, VA
age 45
visits member for 4 years, 5 months
seen 6 hours ago

Jan
10
comment How do taxes work when your only income is from capital gains?
One way to answer questions like these if you use tax prep software (TurboTax etc), is to create a new return and put in your hypothetical numbers. That should take into account all of the factors, and let you see exactly how different scenarios affect the total tax bill.
Dec
26
comment Would there be issues with giving someone a gift out of a joint account if the total is over the annual limit per person?
Would the IRS see it as a gift-tax avoidance scheme if each person wrote a check to themselves from the joint account, them turned around and wrote a check to the relative from their own account. Logically this seems equivalent to two checks from the joint account, but tax laws (and IRS interpretations) seem to have their own logic.
Dec
26
answered How do you enter details of spending in a department store?
Dec
16
comment What to bear in mind when considering a rental home as an investment?
Another thing to keep in mind is the mortgage interest rate on an investment property will be higher than your home mortgage, and require a larger down payment (20%-25%), and are generally harder to qualify for.
Oct
9
awarded  Popular Question
Oct
6
comment Why are bank transactions not instant?
I don't have time to relisten and make this into an answer, but NPR's planet money did an episode about this just about a year ago: Episode 489
Aug
12
awarded  Yearling
May
21
awarded  Nice Answer
Apr
9
revised Should I really pay off my entire credit card balance each month or should I maintain some balance?
fixed typo (rate->limit)
Apr
1
awarded  Caucus
Apr
1
awarded  Constituent
Aug
12
awarded  Yearling
Jul
27
awarded  Citizen Patrol
Jul
9
comment How do you maintain your personal financial account #s and passwords?
@John Bensin and mhoran_psprep That is an important point that I clarified.
Jul
9
revised How do you maintain your personal financial account #s and passwords?
Clarify the importance of having both names on the box.
Jul
9
comment How do you maintain your personal financial account #s and passwords?
I agree with the general idea, and it is basically what I do wit 1Password and Dropbox. One quibble, I don't see a need to change your password if it is strong (throw a few numbers and special characters in there). This doesn't really protect against someone obtaining the password and using it immediately. It guards against someone obtaining your password, and then monitoring things but not doing anything overt, a much less likely scenario (at least in my opinion).
Jul
9
answered How do you maintain your personal financial account #s and passwords?
Jun
10
comment Is it normal to hold and pay for two apartments at once when moving?
Your welcome. FYI, it is advisable to wait a couple of days to see if you can get some more responses before accepting. Giving others a chance to post an answer might get you some extra good info.
Jun
10
answered Is it normal to hold and pay for two apartments at once when moving?
Jun
9
reviewed Reject Is there a fee if you used your debit card as credit card?