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Re: When to take a HSA distribution for past medical costs

Others to consider: Medicare Part D premiums and copays Long term care insurance premiums Over the counter medicine purchases provided you have doctor's prescription for them. If you think your HSA balance is too big, you may want to do your best to dig out qualified medical expenses from previous y...
by HueyLD
Mon Jan 26, 2015 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to take a HSA distribution for past medical costs
Replies: 23
Views: 1483

Re: Fidelity Cent Invt Portfolios: what is it?

It is merely a centralized cash source for all fidelity funds, like a bank's central vault for all branches.

If you review portfolio holdings in the prospectus, you will see it shown in the CASH section.
by HueyLD
Sun Jan 25, 2015 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity Cent Invt Portfolios: what is it?
Replies: 6
Views: 631

Re: Can't access Turbotax Online from Vanguard site

On the job, we use the online version of a professional tax software and the system seems to slow to a trickle at about 4 p.m. eastern time on a fairly regular basis.

That's why I do not use the online software for my own taxes.
by HueyLD
Sun Jan 25, 2015 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can't access Turbotax Online from Vanguard site
Replies: 18
Views: 1237

Re: WHAT EXPERTS SAY

Dear Taylor,

生日快樂 (Happy Birthday)
有一個美好的一年 (Have a Wonderful Year)
by HueyLD
Sun Jan 25, 2015 3:23 pm
 
Forum: Investing - Theory, News & General
Topic: What Experts Say [about various investing topics]
Replies: 49
Views: 2721

Re: Can't access Turbotax Online from Vanguard site

John151 wrote:Vanguard's link to TurboTax is still down. Anyone know what the problem is?

Because it is Sunday and Vanguard's aging computer needs a day off each week. :shock:
by HueyLD
Sun Jan 25, 2015 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can't access Turbotax Online from Vanguard site
Replies: 18
Views: 1237

Re: Downside to eDelivery?

First, not everyone is. Second, not everyone stays that way. Third, you need to keep doing technology refreshes on the storage medium. And you need to do QA tests. In the case of CDs and/or DVDs it ain't worth a plugged nickel unless you have an annual exercise in which your prospective heirs actua...
by HueyLD
Sun Jan 25, 2015 8:40 am
 
Forum: Personal Consumer Issues
Topic: Downside to eDelivery?
Replies: 36
Views: 2105

Re: Should I declare foreign salary to avoid double taxation

Caduceus has given you good advice so far. Your situation is complicated and there are several options for you to choose from. Each situation may result in a different tax liability. In addition, you need to learn the difference between married filing jointly vs. married filing separately if you wer...
by HueyLD
Sun Jan 25, 2015 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I declare foreign salary to avoid double taxation?
Replies: 17
Views: 2211

Re: When to take a HSA distribution for past medical costs

The OP said: "3) Plan to phase out the fund after age 65: I could plan to take the money out after age 65, claim no qualified expenses, and pay the tax." Once you are 65 and on Medicare, you can withdraw an amount equal to Medicare premiums paid for you and your spouse (except for Medigap ...
by HueyLD
Sat Jan 24, 2015 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to take a HSA distribution for past medical costs
Replies: 23
Views: 1483

Re: Downside to eDelivery?

Probably not enough to matter for anyone under about 50. Older than that, given the higher potential for disability and the non-native-to computing status of the cohort now over 50, I'd be wary (in fact, I am). I saw my spouse, with masters in both physics and applied math, corrupt his own password...
by HueyLD
Sat Jan 24, 2015 5:39 pm
 
Forum: Personal Consumer Issues
Topic: Downside to eDelivery?
Replies: 36
Views: 2105

Re: Downside to eDelivery?

I am considering signing-up for eDelivery for my financial accounts. Although there's an old-fashioned side to me that is hesitant to give-up mailed statements, eDelivery seems to actually be safer because it eliminates the statements sitting in your mailbox. In addition, you avoid having to shred ...
by HueyLD
Sat Jan 24, 2015 1:47 pm
 
Forum: Personal Consumer Issues
Topic: Downside to eDelivery?
Replies: 36
Views: 2105

Re: Hedging home value risk

You've hit the nail on the head here. Almost all of our holdings are in retirement accounts, and I'd like to plan to default in this situation. In other words, I've been hopeful that the bank is holding this risk, not me.

Why should others pay for your master plan?
by HueyLD
Sat Jan 24, 2015 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Hedging home value risk
Replies: 23
Views: 1084

Re: Intuit Turbo Tax Refund

Note they just acknowledge they messed up the communications, not the fundamental strategy... Yes, they still don't get it. Thank goodness for the competition. However, TT is certainly the dominant player in the retail tax software market and many customers will not switch unless Intuit's blunder g...
by HueyLD
Fri Jan 23, 2015 9:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Intuit Turbo Tax Refund
Replies: 23
Views: 2115

Re: Intuit Turbo Tax Refund

Thank you for posting.

Isn't it wonderful that the often ignored customers can get their fair shake! :D
by HueyLD
Fri Jan 23, 2015 7:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Intuit Turbo Tax Refund
Replies: 23
Views: 2115

Re: Retirement in Arizona - Seeking Advice

thenextguy wrote:
BigFoot48 wrote: Our electric bill is $600-$700/yr at $0.11kWh.


That's pretty good. Your place must be pretty energy efficient. My bills are quite a bit more in Las Vegas at about the same rate.

That's because Vegas is hotter in the summer and colder in the winter. And even gas heat requires electricity to run.
by HueyLD
Wed Jan 21, 2015 3:00 pm
 
Forum: Personal Consumer Issues
Topic: Retirement in Arizona - Seeking Advice
Replies: 67
Views: 4444

Re: Retirement in Arizona - Seeking Advice

For starters, you need to rent a place in PHX area during the summer months of "June 1 - Sep. 30" and see if you can stand the "dry" heat for a few months. The oven is unlike anywhere else in the country. That's the only way to test the water. Be ready to spend a lot of money on ...
by HueyLD
Wed Jan 21, 2015 10:53 am
 
Forum: Personal Consumer Issues
Topic: Retirement in Arizona - Seeking Advice
Replies: 67
Views: 4444

Re: Better to file taxes separately if married?

Married filing separately is seldom done for the purpose of saving tax dollars. It is usually done to protect privacy, either between the spouses, or, if one spouse is a politician, to protect the spouse from disclosure. Not if the politician lives in a community state. You can see a lot of spousal...
by HueyLD
Wed Jan 21, 2015 9:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Better to file taxes separately if married?
Replies: 20
Views: 1564

Re: Will we get a 1099-S on home sale?

In addition, they might have asked questions such as: "Was the house ever used for anything other than her principal residence?" If she said "yes" to that question, she will get a 1099-S.
by HueyLD
Mon Jan 19, 2015 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will we get a 1099-S on home sale?
Replies: 6
Views: 411

Re: Will we get a 1099-S on home sale?

With gross sale over $250k, it is possible that she will get a 1099-S, depending on how she answered the questions at closing. However, if she gets a 1099-S, she simply fills out Form 8949 and Schedule D with an appropriate code (e.g. Code H) to exclude some or all of the gain, depending on her situ...
by HueyLD
Mon Jan 19, 2015 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will we get a 1099-S on home sale?
Replies: 6
Views: 411

Re: Account disclosure requirements for refinance

Most banking regulations do not regulate how "strict" a financial institution's underwriting standards may be. The regulators are more concerned with minimum standards. I find many credit unions hard to deal with as they tend to be overly cautious. The solution is relatively straight forwa...
by HueyLD
Mon Jan 19, 2015 7:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Account disclosure requirements for refinance
Replies: 20
Views: 903

Re: Reporter doing story on Turbo Tax Fracas

I would do the interview if the media didn't need my real name, location, etc.

FWIW, I only use TT because of Vanguard offers. I would have used other tax software otherwise. The corporate culture at Intuit really bothers me.
by HueyLD
Fri Jan 16, 2015 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Reporter doing story on Turbo Tax Fracas
Replies: 52
Views: 7085

Re: New Home: All cash or mortgage?

We're thinking about selling our present home (around $600 k/no mortgage) and buying one for around $300k. The issue is do we pay for the new one with all cash or do we finance some of it (let's say $100k). Guess I'm looking for the financial positives/negatives/recommendations. I'm 65 and retired....
by HueyLD
Fri Jan 16, 2015 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: New Home: All cash or mortgage?
Replies: 21
Views: 1785

Re: rental property depreciation

. Also check with your tax advisor about whether placing your personal residence into rental service is going to force you to bifurcate your cap gains between personal residence and rental property. There was a rule change effective January 1, 2009. Related to the principal residence exclusion, pla...
by HueyLD
Wed Jan 14, 2015 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: rental property depreciation
Replies: 25
Views: 1857

Re: GE Capital Bank Online Savings Question

According to this GE link https://www.gecapitalbank.com/banking-w ... money.html ,
you can register up to four external accounts for electronic transfers.
by HueyLD
Tue Jan 13, 2015 7:45 am
 
Forum: Personal Finance (Not Investing)
Topic: GE Capital Bank Online Savings Question
Replies: 2
Views: 428

Re: How much in I bonds do you own?

With oil prices collapsing, I think that the composite rate will be zero soon. Sigh............
by HueyLD
Mon Jan 12, 2015 9:37 am
 
Forum: Investing - Theory, News & General
Topic: How much in I bonds do you own?
Replies: 29
Views: 3107

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

joe8d wrote:About time for the IRS to offer a Free Complete Tax Program online.

But Intuit et al will not allow the IRS to do so. How can we take revenues away from mega corps?
by HueyLD
Thu Jan 08, 2015 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 198
Views: 27251

Re: Who reports TOD dividend income between death and retitl

It will be reported on a 1099 for the original owner but the beneficiary will be responsible for paying tax on the income. The property legally passes at moment of death. The decedent's estate is not involved. Gill Doesn't someone familiar with the transfer need to send a 1099-DIV to the IRS and to...
by HueyLD
Thu Jan 08, 2015 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who reports TOD dividend income between death and retitling?
Replies: 10
Views: 757

Re: Estimated tax - Virginia

No, you won't get a receipt.

However, no need to worry. Your cancelled check (or an image of it on your statement) will suffice.
by HueyLD
Thu Jan 08, 2015 11:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Estimated tax - Virginia
Replies: 13
Views: 846

Re: IRS reporting requirements for family mortgage

Gill wrote:No reporting required other than your mother reporting the income and you taking the deduction.
Gill

+1
by HueyLD
Thu Jan 08, 2015 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: IRS reporting requirements for family mortgage
Replies: 6
Views: 426

Re: IRS reporting requirements for family mortgage

Monk, I assume that your mother is not engaged in a trade or business, nor is she in the money lending business. This link http://www.irs.gov/pub/irs-pdf/i1098.pdf for Form 1098 has official IRS guidelines. Basically, you will report interest expense on your Schedule A of Form 1040 and your mother w...
by HueyLD
Thu Jan 08, 2015 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: IRS reporting requirements for family mortgage
Replies: 6
Views: 426

Re: Estimated tax - Virginia

Victoria, If you feel more comfortable making an estimated tax payment, you will need to mail in your voucher #4 along with a check by Jan. 15. In term of making estimated tax payment using their online system, did you try to enter "zero" for prior year tax liability? If not, give it a try...
by HueyLD
Thu Jan 08, 2015 7:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Estimated tax - Virginia
Replies: 13
Views: 846

Re: Vanguard TLH - Check your confirmations!

Are there issues with covered vs not covered shares involved? All shares for each fund I selected to sell were covered shares, however due to Vanguard incorrectly selecting FIFO the shares Vanguard selected to sell were not covered. Which method did you select for the mutual fund shares you sold be...
by HueyLD
Mon Jan 05, 2015 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard TLH - Check your confirmations!
Replies: 12
Views: 1325

Re: I think I just got a $5,000 watch for Christmas

For next year, may I suggest Lamborghini Veneno Roadster?
by HueyLD
Fri Dec 26, 2014 3:03 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 172802

Re: Downloading historical ETF data to Openoffice Calc

What's so cumbersome about it? After you download the file to a text csv file, do the following in Open Office: (1) Click on File -> Open ->type the file name and select the file type of text.csv (2) The text file is now shown as a text file. Change the text to columns as follows: (A) Highlight the ...
by HueyLD
Fri Dec 26, 2014 2:34 pm
 
Forum: Investing - Theory, News & General
Topic: Downloading historical ETF data to Openoffice Calc
Replies: 9
Views: 873

Re: Social Security Number on Dental Policy – Legal?

I used to have a Delta Dental plan and my insurance ID was not my SSN.

It may be plan specific and you may want to escalate the issue to your employer or other sponsor of the plan.
by HueyLD
Fri Dec 26, 2014 12:47 pm
 
Forum: Personal Consumer Issues
Topic: Social Security Number on Dental Policy – Legal?
Replies: 8
Views: 1100

Re: I think I just got a $5,000 watch for Christmas

Petro,

Are you sure that this watch is not a fake? :oops:
by HueyLD
Thu Dec 25, 2014 5:38 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 172802

Re: Botched Recharacterization?

I am actually surprised that Vanguard didn't calculate the recharacterization correctly. I had one done a few years ago and Vanguard calculated the amount correctly and in total agreement with what the IRS worksheet calculated. You should keep calling your rep until they provide you with a correct a...
by HueyLD
Tue Dec 23, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Botched Recharacterization?
Replies: 22
Views: 2162

Re: Botched Recharacterization?

Unfortunately, VBS and Vanguard mutual fund accounts are not combined for the purpose of calculating the income (loss) on the amount recharacterized. See https://personal.vanguard.com/pdf/s220.pdf . In addition, did you by any chance use multiple Roth accounts in order to not be forced into pro-rata...
by HueyLD
Tue Dec 23, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Botched Recharacterization?
Replies: 22
Views: 2162

Re: Self employment - health ins deductible

My husband is now self employed since May - we have insurance thru ACA we are both covered but the policy shows in my name - will this be a problem when it's time to write off as a deductible? Yes, you may deduct it on your F1040 page one as an adjustment to the income provided that the business ge...
by HueyLD
Tue Dec 23, 2014 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Self employment - health ins deductible
Replies: 18
Views: 1692

Re: Are turbo tax state programs available yet

My state is not yet available and it is nothing new.

Moreover, my state return starts with the federal AGI. So, yes, we must go thru Washington, D.C. in order to get to our state capital.
by HueyLD
Mon Dec 22, 2014 3:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are turbo tax state programs available yet
Replies: 5
Views: 419

Re: Snow blower maintenance and repair

A permanent solution:

Move to an area where there is not even a remote chance to need a snow blower. :)
by HueyLD
Mon Dec 22, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Snow blower maintenance and repair
Replies: 26
Views: 2376

Re: Getting dual health insurance

What happens if the husband, whose own insurance is primary, goes to a doctor out of plan on his insurance but in plan on the secondary insurance. Would the second insurance company reject the claim on grounds he could have used his plan if he had stayed inside their network? This is just an educat...
by HueyLD
Mon Dec 22, 2014 1:00 pm
 
Forum: Personal Consumer Issues
Topic: Getting dual health insurance
Replies: 13
Views: 765

Re: Getting dual health insurance

Dual coverage usually works fine if no dependents are involved. As an example, H has family coverage for him and W, and W has family coverage for her and H. H's insurance will be primary and W's insurance will be secondary for HIS covered medical expenses. Conversely, W's insurance will be primary a...
by HueyLD
Mon Dec 22, 2014 11:42 am
 
Forum: Personal Consumer Issues
Topic: Getting dual health insurance
Replies: 13
Views: 765

Re: Savers Credit while Spouse is a Student

Andy, The software shows all the information and it knows the FT student spouse is not eligible for the credit. I checked the "FT student" box for husband only and wife only and it knew which spouse's contribution was not eligible. I am glad that I read this thread because I always assumed...
by HueyLD
Mon Dec 22, 2014 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Savers Credit while Spouse is a Student
Replies: 9
Views: 844

Re: Savers Credit while Spouse is a Student

I just wanted to get a quick gut check from the board to see if my interpretation of the Saver's Credit makes sense to you all. I am a part-time graduate student with a full-time job and my SO is a full-time graduate student employed by the university. Our AGI is somewhere around 50-55k. We max out...
by HueyLD
Mon Dec 22, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Savers Credit while Spouse is a Student
Replies: 9
Views: 844

Re: Who should pay for this meal?

In the past, we paid about 90% of the time because we didn't have kids and with 2 incomes. I don't think it's your obligation to pay simply because you have more income and less expenses. They are not poor but hard to live in San Francisco with 1 income. In that case, they should pick a restaurant ...
by HueyLD
Sun Dec 21, 2014 3:24 pm
 
Forum: Personal Consumer Issues
Topic: Who should pay for this meal?
Replies: 79
Views: 7919

Re: How do you define "being rich"?

Novine wrote:I would say we're fortunate in many ways that have nothing to do with how much money we make or have in the bank or stashed away for retirement. It's all about perspective.

+100!
by HueyLD
Sat Dec 20, 2014 11:41 am
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 9462

Re: Charitable Contribution from IRA

I don't know how Fidelity arrived at the conclusion that the charity had to cash the QCD check by 12/31. I cannot find any evidence of that requirement in the technical explanation of the PPA (2006) which initiated QCDs. It is also not a requirement in Sec 170 for a check donation to a charity. It ...
by HueyLD
Fri Dec 19, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 41
Views: 1768

Re: Charitable Contribution from IRA

pshonore: I don't think you can have check writing privileges on an IRA account. Maybe someone else will comment more authoritatively. Fidelity allows check writing on certain funds for IRAs as long as you are at least 59 1/2. They even have a form for that. https://scs.fidelity.com/accounts/pdf/ir...
by HueyLD
Fri Dec 19, 2014 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 41
Views: 1768
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