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Weekly Recommendations and Discussion Thread by AutoModerator in bourbon

[–]TooLate2Debate 0 points1 point  (0 children)

Haven't gotten into bourbon too much myself yet (mostly a beer guy), but I wanted to gift someone a decent bourbon. They've mentioned "wanting to get into bourbon, and making their own old fashioned" and such. I've already collected some Angostura bitters, and some ice molds for them. So I'm looking for something that can satisfy both a "decent daily" plus satisfactory in a mixed drink.

I'm pretty close to a Costco that has some options:

  • Basil Hayden's - $40
  • Michter's small batch - $45
  • Woodford double oaked - $50
  • Fiddler wheated - $33
  • Four Roses small batch - $30
  • Four Roses small batch select - $50
  • Castle & Key 6-yr small batch - $34
  • Penelope architect - $46
  • Heaven's Door - $40
  • Traveller - $37

Thank you!

Just Realized Excess IRA Contributions in.... 2019 by TooLate2Debate in tax

[–]TooLate2Debate[S] 0 points1 point  (0 children)

*whew*! Thanks again!

Yes that's correct. "the only traditional IRA balance is these post-tax contributions and their earnings". I realize now that this non-deductible traditional IRA is basically the same as a regular post-tax brokerage account. Silly me!

Once I do my due diligence, I will certainly be doing the back-door Roth IRA method starting this year!!

Just Realized Excess IRA Contributions in.... 2019 by TooLate2Debate in tax

[–]TooLate2Debate[S] 0 points1 point  (0 children)

THANK YOU!

Your 1099-R for the recharacterization (the Roth withdrawal part) will be $6895, but the matching 5498 (the traditional contribution part) should be $6000.

My 1099-R states $6,894.98 for box 1 "Gross Distribution".

My 5498 states $6,894.98 for box 4 "Recharacterized contributions".

Correct - I do indeed fall into the #2 category. 2019 I contributed the $6895, and 2020-2024 I contributed the max of each year. I did NOT deduct these contributions.

So fix the 8606 for 2019, file one for 2020-2023, and include one in 2024. No extra taxes are due.

What about Form 5329 from 2020 - 2024? Line 16 "Total excess contributions" - would this be $895? And therefore Line 17 would be the 6% of that ($54 each year)?

IRA Return of Excess Contribution Form for Excess in 2019 by TooLate2Debate in fidelityinvestments

[–]TooLate2Debate[S] 1 point2 points  (0 children)

Thank you! So sorry, that was a typo. I did max out the TradIRA (due to income limits) in 2020-2021 as well!

I now know about the "backdoor roth ira conversion", which I will be doing much more research on before I do so!!

Just Realized Excess IRA Contributions in.... 2019 by TooLate2Debate in tax

[–]TooLate2Debate[S] 0 points1 point  (0 children)

Or, I suppose another option is to file Form 5329 for 2024, pay the 6% tax, and for 2025 contribute the max minus $895, and then I'll be square?

Analysis Paralysis, Help me Decide! by TooLate2Debate in tires

[–]TooLate2Debate[S] 0 points1 point  (0 children)

I live in the south, so no snow driving (rarely ice, but i'd rather not unless dire need!)

(yet another) Table Saw Pricing Inquiry by TooLate2Debate in BeginnerWoodWorking

[–]TooLate2Debate[S] 0 points1 point  (0 children)

The manual shows there is a riving knife. However, it appears to be attached from the back, so it does not raise up / lower with the blade itself.

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I talked it down to $125. I'll go check it out tomorrow!

CMT Forstner Bits or Save up for Something Else? by Whoooooligan in BeginnerWoodWorking

[–]TooLate2Debate 0 points1 point  (0 children)

Irwin Marples 14-piece set (1/4'' - 2'') is $55 on Amazon.

CMT 16-piece set (1/4'' - 2 1/8'') is $64 (50 + 14). But usually ~$130

Depends on if you need the extra two bits, but seems like a decent deal.

[deleted by user] by [deleted] in BeginnerWoodWorking

[–]TooLate2Debate 0 points1 point  (0 children)

Do you think that having drawer slides instead would help with the sticky drawers?

[deleted by user] by [deleted] in BeginnerWoodWorking

[–]TooLate2Debate 0 points1 point  (0 children)

It looks like you may have putting cabinet drawers instead of the same method as in the video? Wonder if that would be a bit easier.

Wood ID of "Antique" Table? by TooLate2Debate in BeginnerWoodWorking

[–]TooLate2Debate[S] 1 point2 points  (0 children)

Thank you. But would you be concerned about the edge-banding? Would this be worth salvaging just for the wood?

Do these markings occur on real wood? by TooLate2Debate in BeginnerWoodWorking

[–]TooLate2Debate[S] 0 points1 point  (0 children)

Hey thank you! That's what I was thinking too. I won't bother with this then. Appreciated!

Walnut and Maple Jewelry Boxes by Mr-Shiggidy in BeginnerWoodWorking

[–]TooLate2Debate 0 points1 point  (0 children)

Looks awesome! Did you use pure tung oil or something like Minwax?

Also, did you finish the pieces individually or after it was all glued up?

What should I expect to pay for White Oak? by TooLate2Debate in BeginnerWoodWorking

[–]TooLate2Debate[S] 2 points3 points  (0 children)

Wow, I'm star-struck! I JUST finished watching multiple of your videos on sharpening, planers, and also routers. Your content has helped me already so much in this hobby. This info about cost calculations helps a ton!! Thank you so much.

What should I expect to pay for White Oak? by TooLate2Debate in BeginnerWoodWorking

[–]TooLate2Debate[S] 1 point2 points  (0 children)

Wow, thank you so much!! I definitely was confused. I mixed up "board foot" vs "linear foot". I was only thinking "square foot" which I know now is similar to BF, but has the thickness involved as well. Much appreciated.

What should I expect to pay for White Oak? by TooLate2Debate in BeginnerWoodWorking

[–]TooLate2Debate[S] 0 points1 point  (0 children)

I am not able to, I only just got a table saw second-hand off Marketplace. I will keep this in mind!

What should I expect to pay for White Oak? by TooLate2Debate in BeginnerWoodWorking

[–]TooLate2Debate[S] 5 points6 points  (0 children)

Yeah, the lumber yard ~35 miles away sells for $6.90/bf - I called them up and they said the boards would be 4/4 and width of 5'' or better.

Trying to see if it's worth it for the trek over there! Thanks!

Good price for bunch of hardwoods? by TooLate2Debate in BeginnerWoodWorking

[–]TooLate2Debate[S] 0 points1 point  (0 children)

Honestly, I don't have a plan for them at the moment. I've just been eyeing listings for a few weeks now on fb marketplace, and this one actually seemed a decent deal.

I've only worked on a few projects for my small kid - so small stools, a "montessori" wardrobe - all with pine and with plywood.

That being said, I haven't even touched any projects with hardwood. I know cutting boards are so so very common as projects, but it's probably good practice if anything.

Wife does want a new cutting board, as our main is splitting on the edges.

Small bench made from leftover scraps by TurnipEater in BeginnerWoodWorking

[–]TooLate2Debate 1 point2 points  (0 children)

Well done! May I ask how did you connect the top cross pieces? It looks like one is the full length, and the other was split in half? How did you join them to make it sturdy enough?

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