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IRS CP14: Dishonored Payment Penalty?

Hi Tax Expert Bogleheads, I have two questions about the IRS notice CP14 (Notification of balance due) that I just got. 1) There is a $25.00 "Dishonored payment penalty." However, they have received, and recognize having received, all the money I sent in - exactly, to the penny. There is n...
by Anon1234
Wed Nov 26, 2014 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS CP14: Dishonored Payment Penalty?
Replies: 3
Views: 400

Re: Investing in 100 Words

The comment on diversification, "Diversification can reduce risk without reducing growth," is a very interesting way to put it. Despite the customary disclaimer "Diversification does not necessarily ensure a profit or protect against a loss in a declining market," ... A "di...
by Anon1234
Tue Nov 25, 2014 10:38 am
 
Forum: Investing - Theory, News & General
Topic: Investing in 100 Words
Replies: 19
Views: 1764

Re: Life Insurance options

The wrinkle here is I have cancer in my family history, so I'm not sure whether I'll "pass" their form. ... Voya also offers a premium payback plan on 30 year plans. ... I'm also not sure whether we need 20 or 30 years at this point; given that the goal is house pay off, 10 might even suf...
by Anon1234
Sun Nov 23, 2014 10:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance options
Replies: 7
Views: 915

Re: NWM - Keep or cancel policy

I used to work as insurance analyst and .... Let's assume my answers are contribution to insurance understanding on this forum. I do not assume that. Why? Because the OP asked a practical question "keep or cancel." You launched into 1) stating the policies have a positive return, but skip...
by Anon1234
Fri Nov 21, 2014 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: NWM - Keep or cancel policy
Replies: 12
Views: 1306

Re: Boglehead' Guide to Investing, 2/E

you can get fund correlations at http://investorcraft.com/PortfolioTools/Correlation.aspx Or, you can download total return data from yahoo, and calculate correlations yourself. Wow, it is really easy now. just go to http://finance.yahoo.com/ type in the ticker, click historical prices then scroll t...
by Anon1234
Fri Nov 21, 2014 10:10 am
 
Forum: Investing - Theory, News & General
Topic: Boglehead' Guide to Investing, 2/E
Replies: 8
Views: 1462

Re: NWM - Keep or cancel policy

No mech-tower I was not referring to blend between whole life and term.These are 2 different policies.According to what you said your whole life is not a pure whole life but Adjusted Comp Life.Inside Adjust Comp Life you should have a blend of two policies pure whole life and term life where term l...
by Anon1234
Thu Nov 20, 2014 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: NWM - Keep or cancel policy
Replies: 12
Views: 1306

Re: NWM - Keep or cancel policy

The first and most important question is how much life insurance do you need, and for how long do you need it?
Don't waste your time doing investment analysis until you have that question answered.
by Anon1234
Thu Nov 20, 2014 12:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: NWM - Keep or cancel policy
Replies: 12
Views: 1306

Re: Suggested retirement reading for 60 year olds

Mike Piper's "Can I retire in 100 pages or less" http://www.amazon.com/Can-Retire-Retire ... mike+piper

He posts as Oblivious Investor here, and on his site. http://www.obliviousinvestor.com/
by Anon1234
Thu Nov 20, 2014 11:25 am
 
Forum: Investing - Theory, News & General
Topic: Suggested retirement reading for 60 year olds
Replies: 25
Views: 2771

Re: Advice on future direction

In regards to yield, both companies have high yields so I've gotten lucky with the cashflow. This is worrying as I move to the total market funds, dividends will be 1.9%... I just need to make sure I can cover living expenses and have some left over to still invest. I wouldn't worry about living of...
by Anon1234
Thu Nov 20, 2014 2:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on future direction
Replies: 6
Views: 535

Re: Advice on future direction

You remind me of an old friend. He was very smart and imaginative guy I looked up to who dropped out of college in mid '90s to work for Sprynet, then eventually Amazon in late '90s. Ended up with low millions ($2-3M was my understanding) from Amazon stock options. As Amazon got bigger he got bored/p...
by Anon1234
Thu Nov 20, 2014 1:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on future direction
Replies: 6
Views: 535

Re: Advice on future direction

You have won the game. If you diversify, go low cost, and stay the course you can live off your $3.2M indefinitely. The highest federal long term capital gains tax rate is 23.8%. And that is only applied to the gains, not the basis. And that is only if your taxable income is above about $400k. You c...
by Anon1234
Thu Nov 20, 2014 12:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on future direction
Replies: 6
Views: 535

Re: Minimizing Taxes on Year End Bonus

You are thinking the amount your employer withholds from your bonus as your "tax." But, the actual tax liability you accrue could be more or less than that depending on your marginal tax bracket (federal, state, local, social security, phase outs, etc). My marginal tax bracket is higher th...
by Anon1234
Wed Nov 19, 2014 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Minimizing Taxes on Year End Bonus
Replies: 8
Views: 1253

Re: Child's Education Savings (529) and life insurance plan

I have a cash value life insurance policy through northwestern mutual. I am almost 10 years and sitting at -5% cumulative annual returns (CAGR). Specifically, I have contributed $17,100 dollars, and my current cash value is $12,000, about 30% loss. If I follow the company projections I will reach 0 ...
by Anon1234
Wed Nov 19, 2014 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Child's Education Savings (529) and life insurance plan
Replies: 18
Views: 1630

Re: AT&T Upgrades Data Allowance

Upgraded. Thanks for posting.
by Anon1234
Tue Nov 18, 2014 10:55 pm
 
Forum: Personal Consumer Issues
Topic: AT&T Upgrades Data Allowance
Replies: 5
Views: 900

Re: Buick regal/chevy impala

It seems a little early to make any judgments on 2013/2014 models long term reliability. All I can say is I'm satisfied with my 2009 Impala, but even five years is too soon to evaluate it's long term reliability. For people who work on quality, "reliablity" refers to the period between th...
by Anon1234
Tue Nov 18, 2014 10:19 pm
 
Forum: Personal Consumer Issues
Topic: Buick regal/chevy impala
Replies: 12
Views: 893

Re: Buick regal/chevy impala

Consumer reports gives the '13 regal the worst reliability rating (5th of 5). '14 regal is the next to best (2nd of 5).
chevy impala V6 gets average (3rd of 5) for both '13 and '14.
Both are "recommended"
by Anon1234
Tue Nov 18, 2014 9:38 pm
 
Forum: Personal Consumer Issues
Topic: Buick regal/chevy impala
Replies: 12
Views: 893

Re: Toyota Class Action Settlement Check, Cash or Not

Cash the check. If you are worried about unintended acceleration you should fix or replace the vehicle, you don't wait for a catastrophic event then sue Toyota. No amount of money can compensate for the death / dismemberment of your passenger, who would presumably be your friend or relative.
by Anon1234
Sun Nov 16, 2014 10:33 pm
 
Forum: Personal Consumer Issues
Topic: Toyota Class Action Settlement Check, Cash or Not
Replies: 16
Views: 2381

Re: Whole Life Insurance vs. 401k Contributions

I recently calculated the past and projected returns of one of my cash value life insurance policies. It's really bad. Have a look for yourself.
viewtopic.php?f=10&t=150643
by Anon1234
Sun Nov 16, 2014 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance vs. 401k Contributions
Replies: 59
Views: 3744

Re: Local bank without any checking account fees?

I'm currently using wells fargo, and seems like all the big main banks have fees for holding cash in checking accounts. I have $500 sitting in my wells fargo, but if it goes any lower I would get charged a fee so it's money that I can't utilize. I'd like it to go to my ally emergency fund. I just n...
by Anon1234
Fri Nov 14, 2014 11:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Local bank without any checking account fees?
Replies: 31
Views: 2374

Re: Life insurance coverage if you leave employer

Even if the employer insurance premiums go up, I can't imagine they would surpass individual premiums. You're wrong. It will go up and it will go up much more than 3X in 30 years. Here is a table for the Veterans. It is in 5 year chunks. The premiums are more than what you pay (today), but look at ...
by Anon1234
Wed Nov 12, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance coverage if you leave employer
Replies: 15
Views: 1027

Re: Life insurance coverage if you leave employer

Two problems with the cost comparison you did. 1)The employer based life insurance cost likely goes up each year (presumably in relation to mortality). The term premium is fixed for the entire term. 2)The employer based life insurance rates can be changed by the insurance company over time, at their...
by Anon1234
Wed Nov 12, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance coverage if you leave employer
Replies: 15
Views: 1027

Re: How do you track the value of your illiquid assets ?

madbrain wrote:
Anon1234 wrote:What are you using the number for?


I believe I answered that in my original post.


Sorry about that. I read the OP and didn't understand what you wrote. Still don't.
by Anon1234
Wed Nov 12, 2014 12:46 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2588

Re: How do you track the value of your illiquid assets ?

What are you using the number for? If it doesn't really matter, just pick a reasonable model curve and use it until you have a reason to update. For cars I use a depreciation model. -15% at purchase(reduction from purchase price, not including taxes, plates, etc), then -1.465% per month. This deprec...
by Anon1234
Wed Nov 12, 2014 12:12 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you track the value of your illiquid assets ?
Replies: 50
Views: 2588

Re: restarting overwhelmed

Why are you investing? Is it for retirement, or something sooner like a new car or college?
by Anon1234
Tue Nov 11, 2014 11:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: restarting overwhelmed
Replies: 24
Views: 3792

Re: Insurance is a bad investment - My policy as example

In your graph you say that you ignore the value of the insurance. That really isn't reasonable you should subtract out what the cost of a similar term policy would have been. No, this is an investment analysis. The purpose was to show that permanent life insurance is a very bad investment for colle...
by Anon1234
Tue Nov 11, 2014 11:23 pm
 
Forum: Investing - Theory, News & General
Topic: Insurance is a bad investment for college saving - My policy
Replies: 14
Views: 1146

Re: Insurance is a bad investment - My policy as example

In your graph you say that you ignore the value of the insurance. That really isn't reasonable you should subtract out what the cost of a similar term policy would have been. No, this is an investment analysis. The purpose was to show that permanent life insurance is a very bad investment for colle...
by Anon1234
Tue Nov 11, 2014 10:15 pm
 
Forum: Investing - Theory, News & General
Topic: Insurance is a bad investment for college saving - My policy
Replies: 14
Views: 1146

Re: Insurance is a bad investment - My policy as example

Unfortunately, agents will try to convince folks that your experience is atypical or that a policy can be crafted such that you will be happy. As long as they guarantee it one will know if it is good. And when they won't guarantee good returns, one should buy term and invest the rest. Well as you n...
by Anon1234
Tue Nov 11, 2014 9:26 pm
 
Forum: Investing - Theory, News & General
Topic: Insurance is a bad investment for college saving - My policy
Replies: 14
Views: 1146

Re: Insurance is a bad investment - My policy as example

dhodson wrote:Unfortunately, agents will try to convince folks that your experience is atypical or that a policy can be crafted such that you will be happy.


As long as they guarantee the return one will know if it is good. And when they won't guarantee good returns, one should buy term and invest the rest.
by Anon1234
Tue Nov 11, 2014 8:51 pm
 
Forum: Investing - Theory, News & General
Topic: Insurance is a bad investment for college saving - My policy
Replies: 14
Views: 1146

Insurance is a bad investment for college saving - My policy

A recent post explained that a grandparent (poster's parent) wanted to buy a permanent life insurance policy as a way to save for grandchildren's college education (3 kids ages 3-7). I said that life insurence is one of the most clear examples of bad investment decision. In order to back up that cla...
by Anon1234
Tue Nov 11, 2014 5:56 pm
 
Forum: Investing - Theory, News & General
Topic: Insurance is a bad investment for college saving - My policy
Replies: 14
Views: 1146

Re: dad wants to get univ life policy for grandkids

I'm in a similar situation, but I've learned to not look a gift horse in the mouth. Maybe try to have the conversation, but it's Grandpa's money and he wants to give his grandchildren something. What's so terrible about that? Sometimes perfect is the enemy of good, IMO. I agree with that sentiment,...
by Anon1234
Mon Nov 10, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: dad wants to get univ life policy for grandkids
Replies: 21
Views: 2170

Re: dad wants to get univ life policy for grandkids

If your dad is really old-school and refuses to consider a 529, suggest that he buy them savings bonds. Either I Bonds or EE Bonds would be a better option than what he's considering. I agree. A bank CD would be better, even a savings account paying 0.01% would be better. In case you are wondering ...
by Anon1234
Mon Nov 10, 2014 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: dad wants to get univ life policy for grandkids
Replies: 21
Views: 2170

Re: International Stock Diversification — A New Look

So 100% US has 60% revenue exposure to the US, but 50/50 has 28% revenue exposure to the US? International would need to have negative revenue exposure to the US for that to be true. Not exactly. The U.S. is certainly a big market for U.S. companies (60% of revenue), but it's not such a big market ...
by Anon1234
Mon Nov 10, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: International Stock Diversification — A New Look
Replies: 51
Views: 5525

Re: Messy baby restaurant etiquette

I was excited to read about your etiquette questions regarding a restaurant for messy babies. That woulda been fun.
by Anon1234
Mon Nov 10, 2014 12:44 pm
 
Forum: Personal Consumer Issues
Topic: Messy baby restaurant etiquette
Replies: 75
Views: 4536

Re: dad wants to get univ life policy for grandkids

Look at my UL policy, which was bought by a well-intentioned parent... a terrible investment. Policy is 21 years old. $50,000 death benefit $240 annual premium 4% guaranteed minimum return (which you cannot get today because rates are so low) Total premiums paid to date: $5040 Current Cash surrender...
by Anon1234
Mon Nov 10, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: dad wants to get univ life policy for grandkids
Replies: 21
Views: 2170

Re: How often do you change your car's oil?

After following this thread, and especially after reading jimb's excellent & thorough explanation, I'm more than ever convinced that my 3,000 miles / 3 months policy is money well spent. An extra $150/year is good insurance for something this critical. It also helps me to recall that each of my...
by Anon1234
Fri Nov 07, 2014 11:55 am
 
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 168
Views: 11293

Re: War on Debt

Rent the house out (at breakeven or better) and moving in with family for 5 years. That would give you another $1500*12*5=$90K to put towards debt payoff. I love this idea for so many reasons. FYI, rent below breakeven is OK . Every dollar of rent is extra income that can pay off debt. Also FYI, $9...
by Anon1234
Fri Nov 07, 2014 9:47 am
 
Forum: Personal Finance (Not Investing)
Topic: War on Debt
Replies: 247
Views: 27993

Re: War on Debt

My observation from reading your post and followups: You have a good attitude and are going the right way. You will be successful. Best of luck.
by Anon1234
Fri Nov 07, 2014 9:05 am
 
Forum: Personal Finance (Not Investing)
Topic: War on Debt
Replies: 247
Views: 27993

Re: Wrong state tax withheld, over $1000 extra tax!

Getting the problem fixed will require that you contact payroll and check the procedures, which may include a corrected W-4. Your employer may also have a form for you to certify that you are a resident of a no-tax state (or of a state which has no special withholding form). You need to get this co...
by Anon1234
Thu Nov 06, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wrong state tax withheld, over $1000 extra tax
Replies: 10
Views: 891

Re: Draw down taxable saving first?

I plan to retire in 2 years. I will have to start using savings to fund retirement. Does it make sense to draw down taxable savings first? Most of mine in in TSM and Vanguard International. Have you seen the "Optimal Retirement Planner" website and calculator? If you take the time to put ...
by Anon1234
Thu Nov 06, 2014 11:42 pm
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 43
Views: 3723

Re: I'm Scared! Vanguard Target Retirement 2015 - What to d

Another alternative to consider is to not take SS immediately and instead to use your retirement money for a few years so you lock in a higher social security payment for life. That could make a lot of sense in your case I believe. Laura Dear Luannb, Please investigate this idea from Laura. Social ...
by Anon1234
Thu Nov 06, 2014 11:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: I'm Scared! Vanguard Target Retirement 2015 - What to do!
Replies: 39
Views: 7369

Re: How can I stop feeling depressed about my finances?

Your fundamental mistake was choosing to pursue an English degree. Try pursuing another field more aligned with the compensation you desire. Let's be more positive. OP, presumably you like English, but need to find a way to leverage that skill set for increased financial returns. It maybe as simple...
by Anon1234
Fri Oct 10, 2014 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: How can I stop feeling depressed about my finances?
Replies: 130
Views: 14581

Re: Draw down taxable saving first?

I know capital gains are not ordinary income for federal tax purposes. But do they count as income for the purpose of determining your federal tax bracket? Short term gains count as ordinary income and do affect federal tax bracket. Long term gains count as long term gains and do not affect the fed...
by Anon1234
Fri Oct 10, 2014 10:56 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 43
Views: 3723

Re: Draw down taxable saving first?

I plan to retire in 2 years. I will have to start using savings to fund retirement. Does it make sense to draw down taxable savings first? Most of mine in in TSM and Vanguard International. Have you seen the "Optimal Retirement Planner" website and calculator? If you take the time to put ...
by Anon1234
Fri Oct 10, 2014 9:19 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 43
Views: 3723

Re: Adj Complife (whole life ins) advice

You are with Northwestern Mutual. Those guys are salesmen. They sold my spouse that same insurance before I learned better. I do not trust all three NWM agents I have known. Based on your assets you are not in high tax bracket and that policy is costing you more in fees than it saves in taxes. After...
by Anon1234
Wed Sep 17, 2014 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Adj Complife (whole life ins) advice
Replies: 10
Views: 612

Re: An anecdotal case for indexing

I'm glad to see the case law supports my application of the golden rule.

I also appreciate that the reporting BH did so privately instead of making a public accusation.
by Anon1234
Sun Aug 31, 2014 11:59 pm
 
Forum: Investing - Theory, News & General
Topic: An anecdotal case for indexing
Replies: 3
Views: 794

An anecdotal case for indexing

As a long term renter I regularly get mail for previous tenants, likely because the USPS mail forwarding expires. When I get mutual fund reports that aren't sealed I flip through them (ie not sealed by the sender, I don't mean a ripped open package). Mutual fund annual reports have arrived in 3 of t...
by Anon1234
Sat Aug 30, 2014 2:35 pm
 
Forum: Investing - Theory, News & General
Topic: An anecdotal case for indexing
Replies: 3
Views: 794

Re: Wrong state tax withheld, over $1000 extra tax

One question came to my mind. If this signing bonus was considered earned before you moved and began working at the new location, it might actually be taxable In the prior state. That made me blush. But fortunately my contract is clear, it is earned as part of first paycheck. Sorry, just trying to ...
by Anon1234
Sat Aug 30, 2014 12:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Wrong state tax withheld, over $1000 extra tax
Replies: 10
Views: 891

Re: Should elderly play it safe & risk not having enough or

Again, I'll post the details of my parents situation in a few weeks, and perhaps a discussion like this can't work in the abstract, and can only be decided looking at the particulars of any given situation. It requires looking, and personal judgment. There are few guarantees, and taking risk is a p...
by Anon1234
Fri Aug 29, 2014 11:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should elderly play it safe & risk not having enough or no?
Replies: 17
Views: 2086

Re: Question for Mac Excel 2011 users

I didn't know about this function in Mac Office. Is there a way to display only the quote and not all the other data? https://farm4.staticflickr.com/3905/14884885750_ea6df9a907_z.jpg I don't know if your macro will work. but it is very easy to pull in security prices in excel for mac 2011. I didn't...
by Anon1234
Fri Aug 29, 2014 11:16 pm
 
Forum: Personal Consumer Issues
Topic: Question for Mac Excel 2011 users
Replies: 14
Views: 1182

Re: Wrong state tax withheld, over $1000 extra tax

spectec wrote:One question came to my mind. If this signing bonus was considered earned before you moved and began working at the new location, it might actually be taxable In the prior state.


That made me blush. But fortunately my contract is clear, it is earned as part of first paycheck.
by Anon1234
Fri Aug 29, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wrong state tax withheld, over $1000 extra tax
Replies: 10
Views: 891
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