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Re: KeePass vs LastPass

As mentioned in my first post in this thread, I was disappointed with LastPass (LP) at first, running into some of the same issues recent posters have complained about. However, after working with it for a few hours, loading and changing passwords for many sites, I've been able to adapt to its idios...
by Kevin M
Mon Apr 14, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 96
Views: 4647

Re: less you need social security, earlier you should claim

It has crossed my mind that taxation of SS benefits could increase, which should be considered in the decision on when to take benefits. The other factor, that I don't see discussed much, is that RMDs start at about the same age that starting SS benefits generates the maximum pre-tax income. With la...
by Kevin M
Sun Apr 13, 2014 5:30 pm
 
Forum: Investing - Theory, News & General
Topic: less you need social security, earlier you should claim
Replies: 39
Views: 2705

Re: KeePass vs LastPass

Why are you using Chrome? I've tried that browser and have found it does not play well with many websites. Chrome is integral to Chromebook, and Chrome works fine with every website I've used. This was not the case in the past when Chrome was just getting going, but now it is a well established bro...
by Kevin M
Sat Apr 12, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 96
Views: 4647

heartbleed and Mint

Wondering how using Mint.com increases vulnerability to heartbleed. Specifically, one recommendation has been to minimize logging into sites for awhile until administrators have had a chance to patch any vulnerabilities and issued new certificates, then to change your password on sites that were vul...
by Kevin M
Sat Apr 12, 2014 2:52 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 166
Views: 14893

Re: KeePass vs LastPass

Kevin, I'm relatively new to both Chromebook and LastPass and I have experienced some of the same issues. What I've done, and it seems to work for me, is to set up a two stage process for some of the "problem" sites. It may be XYZ 1 and XYZ 2 wherein the first entry only has the site url ...
by Kevin M
Fri Apr 11, 2014 2:39 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 96
Views: 4647

Re: KeePass vs LastPass

K, you might make sure the URL for the first screen doesn't have a bunch of junk in it. Just something like: https://personal.vanguard.com/us/hnwnesc/PMLogin? We have a couple of logins so I don't have it set to auto-fill or auto-login. Yes, it shows https://personal.vanguard.com/us/PMLogin, userna...
by Kevin M
Fri Apr 11, 2014 2:37 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 96
Views: 4647

Re: KeePass vs LastPass

What do you LastPass users do for two-screen logins, specifically Vanguard? -Kevin See: https://lastpass.com/support_screencasts.php?feature=saveall&fromwebsite=1 (Webcast near the bottom called "Save All Entered Data".) This method worked for me on VG site. Yes, as I said I tried to ...
by Kevin M
Fri Apr 11, 2014 2:23 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 96
Views: 4647

Re: KeePass vs LastPass

Started experimenting with LastPass on Chromebook yesterday (browser plug-in only, no binary supported on CB). First two logins I tried to set up were Vanguard and Ally Bank, both requiring two screens. Followed the LastPass instructions for two-screen logins, but it did not work well or consistentl...
by Kevin M
Fri Apr 11, 2014 1:41 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 96
Views: 4647

Re: Always understand taxes do not trust software

^The desktop version also is available through Vanguard. That's where I got it.

Kevin
by Kevin M
Thu Apr 10, 2014 8:51 pm
 
Forum: Personal Consumer Issues
Topic: Always understand taxes do not trust software
Replies: 33
Views: 2574

Re: VTI vs VTSMX

And the price for the mutual funds is updated about 7pm Eastern time. The price of an ETF changes based on market supply/demand when the market is open, then stabilizes once trading stops at 4pm Eastern time. Also, the market price of the ETF will likely be a bit different than the Net Asset Value (...
by Kevin M
Wed Apr 09, 2014 5:33 pm
 
Forum: Investing - Theory, News & General
Topic: VTI vs VTSMX
Replies: 5
Views: 474

Re: When To Buy Index Funds

Most people here would recommend to first develop an investment policy, which will include your target asset allocation (AA), your rebalancing approach, etc. If you have 50% in cash and some in bond funds, then you have less than 50% currently allocated to stocks (including stock funds). I would not...
by Kevin M
Wed Apr 09, 2014 5:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: When To Buy Index Funds
Replies: 4
Views: 490

Re: Turbotax question

If you follow the link to form 8814 from the first link provided by lifesoft, you will see that you may be able to elect to report child's income on your return. However, normally I would not do this because it's likely that tax will be lower if a return is filed for the child, as you have discovere...
by Kevin M
Wed Apr 09, 2014 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax question
Replies: 3
Views: 260

Re: Always understand taxes do not trust software

sarahjane wrote:TT Deluxe this year wouldn't handle CGs. Necessary to upgrade to Premiere.

Only true for online version, not desktop version. Desktop version includes all forms it has included in the past (e.g., C, D, E). There's a long, long thread about this.

Kevin
by Kevin M
Wed Apr 09, 2014 4:56 pm
 
Forum: Personal Consumer Issues
Topic: Always understand taxes do not trust software
Replies: 33
Views: 2574

Re: Always understand taxes do not trust software

Guess is Turbo tax Deluxe even down load version did not have Schedule D with lower capital gains tax Not correct. TT Deluxe desktop has all the forms, and handles Schedule D fine if you enter data correctly. I did several 2013 returns with Schedule D using TT Deluxe Desktop. Although I enter the d...
by Kevin M
Wed Apr 09, 2014 3:26 pm
 
Forum: Personal Consumer Issues
Topic: Always understand taxes do not trust software
Replies: 33
Views: 2574

Re: Roth IRA - tax free - totally ?

Contrary to a few statements above, distributions from traditional IRAs are not necessarily taxed. Although they are included in gross income, it's possible that taxable income is $0, in which case tIRA distributions after age 59 1/2 would not be taxed. I have family members for whom this has been ...
by Kevin M
Tue Apr 08, 2014 6:34 pm
 
Forum: Investing - Theory, News & General
Topic: Roth IRA - tax free - totally ?
Replies: 67
Views: 2619

Re: Roth IRA - tax free - totally ?

Correct, it's always federally taxable income, but if your tax-bracket is 0%, then bingo, you win. Sort of. (But perhaps no European cruise this year...) Funny you mention that. The family member I was talking about took a Europe river cruise last year. They actually did pay a small amount of Feder...
by Kevin M
Tue Apr 08, 2014 6:24 pm
 
Forum: Investing - Theory, News & General
Topic: Roth IRA - tax free - totally ?
Replies: 67
Views: 2619

Re: California Taxes - Am I Missing Something?

I am considering a move to CA and housing seems to be the big ticket item to factor in for cost of living. Back to the OP ^, from my perspective you nailed it. Although the state income tax is relatively high, the cost of housing in many areas is the big issue. My daughter was just remarking the ot...
by Kevin M
Tue Apr 08, 2014 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7435

Re: Roth IRA - tax free - totally ?

Contrary to a few statements above, distributions from traditional IRAs are not necessarily taxed. Although they are included in gross income, it's possible that taxable income is $0, in which case tIRA distributions after age 59 1/2 would not be taxed. I have family members for whom this has been t...
by Kevin M
Tue Apr 08, 2014 5:59 pm
 
Forum: Investing - Theory, News & General
Topic: Roth IRA - tax free - totally ?
Replies: 67
Views: 2619

Re: California Taxes - Am I Missing Something?

3. Property tax about 30% less for same market value home (WA uses an "assessed" value which is much less than market value, CA uses "market value"). CA also uses assessed value as the basis for property tax. Due to prop 13, the difference between assessed value and market value...
by Kevin M
Tue Apr 08, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7435

Re: Vanguard REIT Index (VGSIX): a Good Investment, Now?

Most of us don't think we know if REITs are a good investment "at this time". Most of us who own the VG REIT fund, including me, probably do so because we decided at some point that it seemed like a good portfolio diversifier. I have simply rebalanced my REIT holding back to its target val...
by Kevin M
Tue Apr 08, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard REIT Index (VGSIX): a Good Investment, Now?
Replies: 7
Views: 1142

Re: How is social security calculated?

I'm looking to dig a bit deeper this year -- looking for the formulas instead of just an estimator :sharebeer You can find everything you need on the social security site. You've already been given a number of links. There is a calculator that uses your actual earnings to calculate your benefit. If...
by Kevin M
Tue Apr 08, 2014 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How is social security calculated?
Replies: 21
Views: 1147

Re: Market falling emotions

The market has been falling pretty rough for the small sector the last few days. This actually makes me happy, because I thought it was overvalued. No emotion, but a couple of down days got me to look to see if it made sense to add to any funds (rebalancing if you will), and then I saw that most fu...
by Kevin M
Tue Apr 08, 2014 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: Market falling emotions
Replies: 31
Views: 2062

Re: California Taxes - Am I Missing Something?

island wrote:And unless something has changed in the past few years. HSA contributions are not deductible either.

Nothing has changed--both employee and employer HSA contributions are taxed by CA. A few years ago a bill was introduced to allow HSA deductions in CA, but it didn't go anywhere.

Kevin
by Kevin M
Mon Apr 07, 2014 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7435

Re: California Taxes - Am I Missing Something?

@island, unless your situation is complex, consider using the NOLO Press book on living trusts and doing it yourself. Even if you end up hiring an attorney, reading the book helps you think through your choices.

Kevin
by Kevin M
Mon Apr 07, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7435

Re: California Taxes - Am I Missing Something?

Yes, as with any progressive income tax, the effective rate will be lower than the marginal rate. As with Federal income tax, phaseouts of exemptions and deductions will result in higher marginal and effective tax rates. Here you can see the 2013 rates and phaseouts: 2013 California Tax Rates and Ex...
by Kevin M
Mon Apr 07, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7435

Re: California Taxes - Am I Missing Something?

island wrote:<snip> ... probate costs will have many rolling over in their graves

Easily avoided with a living trust.

Kevin
by Kevin M
Mon Apr 07, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7435

Re: Best option for high interest earning no fee checking?

Also recommend www.depositaccounts.com to see alternatives.

I'm earning 3% on up to $20K in a reward checking account that requires 15 POS transactions per month. Other than that, I use Ally savings and checking accounts, although you probably can find slightly higher rates elsewhere.

Kevin
by Kevin M
Sun Apr 06, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best option for high interest earning no fee checking?
Replies: 19
Views: 1588

Re: Why does Vanguard use average return iso compound annual

It is a bit confusing, but I think it is standard terminology--not specific to Vanguard. You can also do the math to verify that it's an annualized compound return. For the 500 Index fund, admiral shares, Vanguard says the 10-year growth of $10,000 is $20,434 and the 10 year "average return&quo...
by Kevin M
Tue Apr 01, 2014 8:06 pm
 
Forum: Investing - Theory, News & General
Topic: Why does Vanguard use average return iso compound annual?
Replies: 85
Views: 3589

Re: Poll: how did you decide on stock/bond allocation?

Other: Ability, willingness and need to take risk ("sleep well" is only willingness). Lower need dominates higher ability, and based on experience in 2008/2009, willingness is in the same ballpark as need.

Kevin
by Kevin M
Sun Mar 30, 2014 11:14 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: how did you decide on stock/bond allocation?
Replies: 35
Views: 1839

Re: 2013 TurboTax: Which Product? New Rules?

So I spoke to the bond issuer today on the phone. Contra Kevin's statement above, the bond issuer claimed that they do not send 1099-Bs to the bondholder if the bond was both bought and redeemed at par. That is why I didn't get a 1099-B from them in past years. It sounds like what you're talking ab...
by Kevin M
Thu Mar 27, 2014 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 300
Views: 28541

Re: When does depreciating a rental property save on taxes?

That is so out of my league. That is why I have an accountant. All I know is that it was possible to amend my returns for the past 20 years when my prior accountant failed to file form 8606s for my IRAs. You can file 8606 for prior years without amending your return. Generally you can only amend a ...
by Kevin M
Mon Mar 24, 2014 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4182

Re: When does depreciating a rental property save on taxes?

According to IRS Pub 527, you do not treat property as a rental until it is available to rent. I think it would be hard to justify that residential real property was available to rent but not rented for several years, unless you had records showing that you had been advertising it for rent.

Kevin
by Kevin M
Mon Mar 24, 2014 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4182

Re: Tax Court strikes a blow to IRA Rollovers

Alan S. wrote:A disproportionate share of indirect IRA rollovers occur when IRA CDs mature.

Why? Don't most banks and credit unions have savings accounts or money market accounts available within the IRA (that maturing CD proceeds can be deposited into)?

Kevin
by Kevin M
Mon Mar 24, 2014 9:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Court strikes a blow to IRA Rollovers
Replies: 98
Views: 11334

Re: When does depreciating a rental property save on taxes?

"depreciation recapture"? I don't want to be a landlord at all. But the property, that was appraised at about $250K when I inherited it in 2005, would now likely not even bring $100K after expenses if I sold it, despite that I have put about $20K into it, and the cash flow is, for now, po...
by Kevin M
Sun Mar 23, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4182

Re: When does depreciating a rental property save on taxes?

If the gain in excess of $250k/$500k Sec. 121 exclusion is large, it may be better to let the basis step up for the heir(s). However, depreciation will always be recaptured . And your heirs' tax bracket may be higher than yours. Could you link to any IRS Pub sections that support that depreciation ...
by Kevin M
Sun Mar 23, 2014 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4182

Re: Tax Court strikes a blow to IRA Rollovers

My earlier post that you cite was in response to another posters comment he was not allowed to make a trustee to trustee transfer of a CD. I don't know if a bank refusal to make a trustee to trustee transfer from a CD is a bank regulatory issue or bank operations/business issue. Thanks for clarifyi...
by Kevin M
Sun Mar 23, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Court strikes a blow to IRA Rollovers
Replies: 98
Views: 11334

Re: Tax Court strikes a blow to IRA Rollovers

IRAs that are likely to be subject to the restriction are transfers from CDs in an IRA to an IRA at another financial institution which can only be accomplished by a check. Do you mean a check issued to the account owner? A check may used for trustee-to-trustee transfers, but it is written to the n...
by Kevin M
Sun Mar 23, 2014 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Court strikes a blow to IRA Rollovers
Replies: 98
Views: 11334

Re: When does depreciating a rental property save on taxes?

For example, assume you assigned half of the value to the building and half to the land, made no capital improvements, had no other basis adjustments (other than depreciation), and sold the property for $400K. You would have depreciated $100K for the building, which is recaptured and taxed according...
by Kevin M
Sat Mar 22, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4182

Re: When does depreciating a rental property save on taxes?

ppro, to clarify, does that mean that if you bought a place for 200k and kept it for 30 years, you would pay taxes on 200k plus whatever gain/profit occurred with sale of the house (after subtracting costs basis)? You only depreciate the building and capital improvements, so no, you wouldn't have d...
by Kevin M
Sat Mar 22, 2014 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4182

Re: When does depreciating a rental property save on taxes?

Since i file using TurboTax, I am not sure what the formula is for calculating this. I suppose I could just as easily find that out by checking on the IRS webpage. How depreciation is calculated is the main factor here. I never thought that reporting positive cash flow via rental income would actua...
by Kevin M
Sat Mar 22, 2014 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4182

Re: 2013 TurboTax: Which Product? New Rules?

I just filed via TT Online, but was really annoyed at the attempt to force me over to Premier in a year when Intuit knows a lot more 1099-Bs are being sent due to changes in the law requiring more detailed sale reporting. <snip> Coupled with the fact that I actually made $0 on the sale (the securit...
by Kevin M
Fri Mar 21, 2014 11:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 300
Views: 28541

Re: William Bernstein-When you've won the game, why keep pla

Started out 75% equity, but the thing is the amount in stocks now is far more than the amount we had in stocks at 75%. What's riskier having 75% of $100,000 in stocks or having 40% of $500,000 in stocks? I'd say having $200K in stocks is riskier than having $75,000 no matter how many dollars are in...
by Kevin M
Fri Mar 21, 2014 9:55 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 241
Views: 24358

Re: Updated opinions about Ally Bank?

At this point Ally cannot provide me with a form that meets their requirements for Medallion Signature Guarantee (MSG) and/or notary. Ally insists that I use the receiving institutions form (a credit union) but that form doesn't meet Ally's requirements. So we're at loggerheads. <snip> At this poin...
by Kevin M
Mon Mar 17, 2014 6:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Updated opinions about Ally Bank?
Replies: 61
Views: 6106

Re: Updated opinions about Ally Bank?

runner9 wrote:How quickly would this work to move money from a checking account outside Ally to an Ally savings account, at least in terms of being credited for interest.
sooner.

Typically 2 business days if you do the transaction from the Ally side.

Kevin
by Kevin M
Sun Mar 16, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Updated opinions about Ally Bank?
Replies: 61
Views: 6106

Re: Is 529 plans that bad? [White Coat Investor article]

I never used 529 plans in the past, but after learning that the CO plan offers a stable value fund earning 2.6% (3% last year), I jumped on it. I would have used this plan before if I'd known about it. Can't find a safe (no term risk, minimal credit risk) 2.6% return anywhere else, unless you have a...
by Kevin M
Mon Mar 10, 2014 11:38 pm
 
Forum: Investing - Theory, News & General
Topic: Is 529 plans that bad? [White Coat Investor article]
Replies: 35
Views: 2170

Re: William Bernstein-When you've won the game, why keep pla

It's a tough call. I'm pretty conservative, so I think I'd probably go something like 30/70 in your case. If still unsure, you could split the difference and go 40/60. I think you're in the gray zone where annuitizing is worth considering, but personally I'd wait for higher interest rates. With infl...
by Kevin M
Mon Mar 10, 2014 9:50 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 241
Views: 24358

Re: Staying the Course has never been harder

If I were going to increase my stock allocation, I'd prefer to do it after a major market decline. That would help verify that I was up to it psychologically. At a minimum, I would value average into the higher allocation over a period of years, which would force me to add even more to stocks after ...
by Kevin M
Sat Mar 08, 2014 4:56 pm
 
Forum: Investing - Theory, News & General
Topic: Staying the Course has never been harder
Replies: 45
Views: 4630

Re: Trading Authorization on Wife's Account?

"ERISA 403(b)(7) accounts" are ONLY able to have "OPTION A, Limited agent" authorizations. This is on the first page of the link you sent. Yes, I know, as is the case with many other types of accounts, such as trust accounts. This still enables the agent to do key things, such a...
by Kevin M
Fri Mar 07, 2014 10:10 pm
 
Forum: Investing - Theory, News & General
Topic: Trading Authorization on Wife's Account?
Replies: 40
Views: 1369

Re: Trading Authorization on Wife's Account?

Not going to help if only the "owner" can transfer/redeem/etc. assets, when the owner is incapacitated. Still don't know what you're talking about. Did you read the parts of the agreement I quoted above that specifically state that the agreement continues upon incapacity? The actions allo...
by Kevin M
Fri Mar 07, 2014 9:25 pm
 
Forum: Investing - Theory, News & General
Topic: Trading Authorization on Wife's Account?
Replies: 40
Views: 1369

Re: Trading Authorization on Wife's Account?

Agent authorization at Vanguard <snip> ... does allow granting POA on 401k/403b accounts, but the plan administrator must also sign the agreement. I have to correct myself. Vanguard's POA only allows agent authorization on Individual 401(k) plans and 403(b)(7) plans (set up directly with mutual fun...
by Kevin M
Fri Mar 07, 2014 9:04 pm
 
Forum: Investing - Theory, News & General
Topic: Trading Authorization on Wife's Account?
Replies: 40
Views: 1369
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