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Re: Trying to learn about Brokered CD's

Brokered FDIC non-callable CD's generally have a 10 year term . You have little choice regarding interest payments (little or no choice of compound interest). Other than that and as long as they are held to maturity that would be it in my estimation. I was not aware of any costs to purchase from Van...
by OAG
Sun Apr 20, 2014 2:27 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to learn about Brokered CD's
Replies: 17
Views: 628

Re: paydown strategy for mortgage

Got our 1st mortgage at 35 yo in 1975 @ 9.25% killed it in 1977 & got 2d mortgage (in1977) @ 8% killed it in 1986 and will NEVER get another one. Have paid cash for 6 homes since then (1 @ a time). IMO there is NO GOOD debt.
by OAG
Sun Apr 20, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: paydown strategy for mortgage
Replies: 38
Views: 2167

Re: Windows Connectivity/Security Question

Turn Router Off. Log on. Restart Router. Can also Encrypt all data on all drives. I used to turn on/off the router instead of the computer, but I found that it seemed to lessen the life of the router. I needed frequent replacements. I lease my router from the ISP and they provide a new one whenever...
by OAG
Sat Apr 19, 2014 7:28 pm
 
Forum: Personal Consumer Issues
Topic: Windows Connectivity/Security Question
Replies: 17
Views: 810

Re: Windows Connectivity/Security Question

Turn Router Off. Log on. Restart Router. Can also Encrypt all data on all drives.
by OAG
Sat Apr 19, 2014 6:43 pm
 
Forum: Personal Consumer Issues
Topic: Windows Connectivity/Security Question
Replies: 17
Views: 810

Re: Quicken 2014 opinions wanted

13 -14 (I actually have both) is not much improvement EXCEPT the already mentioned mobile app which I used a bit but now use OneDrive (keeping the file updated on the "Cloud"; which can be done with the 13 version too). Another useful IMO upgrade in 14 is to show a projection for register...
by OAG
Sat Apr 19, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: Quicken 2014 opinions wanted
Replies: 47
Views: 1541

Re: Where to put RMDs in budget?

I put it in Q as income since it is mostly accrued interest. I do expense it as an offsetting living expense and plan to do that until we recover our cost (basis) which will take about 9 years. Budget = Income/Expanse (a wash for now).
by OAG
Sat Apr 19, 2014 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where to put RMDs in budget?
Replies: 16
Views: 769

Re: POLL - If Eligible For Social Security .....

Started at 62 repaid all at 67 and resumed at 67 and 6 months. DW started at 62 and had to repay spousal portion when I repaid and resumed again when I did. No longer can do this to the extent I did.
by OAG
Sat Apr 19, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 39
Views: 1600

Re: Quicken 2014 opinions wanted

13 -14 (I actually have both) is not much improvement EXCEPT the already mentioned mobile app which I used a bit but now use OneDrive (keeping the file updated on the "Cloud"; which can be done with the 13 version too). Another useful IMO upgrade in 14 is to show a projection for registers...
by OAG
Fri Apr 18, 2014 10:55 am
 
Forum: Personal Consumer Issues
Topic: Quicken 2014 opinions wanted
Replies: 47
Views: 1541

Re: Most solid small car

The 2015 C is going to be a upgrade over 2014 if you can wait it out. Additionally when the 2015 model hits the dealers they will be making relatively good deals on the left over 2014's if the E class is any indicator.
by OAG
Tue Apr 15, 2014 3:54 pm
 
Forum: Personal Consumer Issues
Topic: Most solid small car
Replies: 25
Views: 3105

Re: business tax

IRS Pub 334?
by OAG
Fri Apr 04, 2014 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: business tax
Replies: 10
Views: 506

Re: IRS letter claiming return is late - anyone experience t

I always owe and I usually send in paper returns with a check. My CU tells me (via email) when they post the check to my account and provides a picture of the front and back of the check with the recipients endorsement. Easy to print and attach to the return for a record. Have never saw a need to se...
by OAG
Fri Mar 28, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 34
Views: 3440

Re: Installing Win8.1 on an old PC - one successful data poi

I am furious about this. I have a relatively new Toshiba Satellite that came with 8.0. I want to go to 8.1. Everything says that the "store" should have upgrade to 8.1 "prominently shown". Well its not. i called support. this of course require the specialists. Guess what? They c...
by OAG
Tue Mar 25, 2014 7:49 am
 
Forum: Personal Consumer Issues
Topic: Installing Win8.1 on an old PC - one successful data point
Replies: 24
Views: 1585

Re: What to do with Traditional IRA's

livesoft wrote:Convert to Roth IRAs. Then your heirs will not need to pay taxes on them.


Livesoft: Missed that in my original post. We have IMO enough in ROTH now but that is a logical thing to do. Thanks.
by OAG
Mon Mar 24, 2014 8:15 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do with Traditional IRA's
Replies: 10
Views: 712

What to do with Traditional IRA's

We have tIRA's totaling about $235K that we intended to leave behind for children to distributed to their children (our grand children). Now we see that may not be best as all the children are in the 30-40%+ tax range. We are in the 15% area with about a $10K cushion. We are 73 and 78 years old. So ...
by OAG
Mon Mar 24, 2014 7:14 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do with Traditional IRA's
Replies: 10
Views: 712

Re: Installing Win8.1 on an old PC - one successful data poi

What OP did is basically what I did back when 8 Pro came out, then updated to 8.1 Pro when it was released an I am currently using 8.1 Pro Spring update (or whatever MS is calling it; official release date is April 9) on three machines. One is a Surface Pro 2 an one is a Dell XPS and one is a pretty...
by OAG
Sun Mar 23, 2014 11:47 am
 
Forum: Personal Consumer Issues
Topic: Installing Win8.1 on an old PC - one successful data point
Replies: 24
Views: 1585

Re: well off living paycheck to paycheck

I/We have always lived paycheck to paycheck income-wise. All money above subsistence gets saved. What is unique about this?
by OAG
Sun Mar 23, 2014 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: well off living paycheck to paycheck
Replies: 16
Views: 2558

Re: Did you retire in your 30s?

I retired at 38 years & 8 m0nths. DW was SAHP (stay at home parent). After kids all finished school (2 BS in Nursing) 1 - Military AD Enlisted and 1 - Service Academy Commissioned Officer we 2 just decided to enjoy life - 35 years later we are still doing just that.
by OAG
Fri Mar 14, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Did you retire in your 30s?
Replies: 55
Views: 5304

Re: Reporting RMD on Turbo Tax

As has already been stated by Alan S: "It is OK to lie to Ttax to generate a correct tax return. These questions are not IRS questions and the answers do not go directly on an IRS form. In this case Ttax question logic neglected to properly address RMDs for a person reaching 70.5, so you need t...
by OAG
Sun Mar 09, 2014 6:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Reporting RMD on Turbo Tax
Replies: 26
Views: 1530

Re: Reporting RMD on Turbo Tax

I think the correct response is C. She was not required to take an RMD in 2013. However she took a withdrawal (as OP said; confirm this by reading the 1099 provided by the custodian (which IMO is key to the discussion)) not an RMD. For 2014 she will be required to take 2 RMD's - the one based on IRA...
by OAG
Sat Mar 08, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reporting RMD on Turbo Tax
Replies: 26
Views: 1530

Re: Social Security Cards

Still have the original card. I laminated it a long time ago. It sits in a firebox with all of the unused Credit and Debit Cards. Can't remember the last time I was asked to produce the thing.
by OAG
Wed Feb 26, 2014 11:41 am
 
Forum: Personal Consumer Issues
Topic: Social Security Cards
Replies: 33
Views: 1678

Re: Inheriting money, then leaving it to your kids

I selected spend it. We did not and will not get one; never expected one either. Guess I should have selected "it depends". I am sometimes amazed on how many actually expect to and get them and plan on them.
by OAG
Wed Feb 26, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Inheriting money, then leaving it to your kids
Replies: 23
Views: 1929

Re: Can my grandfather take out his IRA and buy a house to r

Who came up with this idea the first time? Was it GP, DD, or DGS? I am 73 years old have an accounting degree, have held RE licenses in two states and even a broker's license in one of those states and have been a RE property manager. I have 2 DD's and more than a few DGS's and if any of them made t...
by OAG
Tue Feb 25, 2014 5:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can my grandfather take out his IRA and buy a house to rent?
Replies: 42
Views: 2443

Re: Forgot to report 1099-R ?

Like OH that uses OH no need to amend OH either (what would you amend?).
by OAG
Sat Feb 22, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Forgot to report 1099-R ?
Replies: 13
Views: 811

Re: Raising Auto Insurance Deductibles - Should I Do It?

Thanks for the advice, I went ahead and made the change. I also raised my Other Perils deductible on my homeowners policy from $500 to $1000, which only saved me about $25/year. I couldn't go any higher since I have a condo. I currently have coverage through USAA. I got a quote with Amica last year...
by OAG
Fri Feb 21, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Raising Auto Insurance Deductibles - Should I Do It?
Replies: 10
Views: 572

Re: It it a good investment to repair a leaking faucet?

jsl11 wrote:I had a similar problem with a Delta faucet. All it needed was some new O-rings.
Jeff

+1 Cost under $5 to repair a couple of them (both 8 years old). However OP's Mom may not be able to do it herself. Generally, knowing the make, parts can be found on-line or at Lowe's/Home Depot.
by OAG
Thu Feb 20, 2014 9:03 am
 
Forum: Personal Consumer Issues
Topic: It it a good investment to repair a leaking faucet?
Replies: 9
Views: 807

Re: Quick Pen Fed CD question [Account balance]

FYI: They pay interest daily and post it monthly. The day they post it will be the anniversary date of your joining the CU. Example joined the CU 39 years ago on the 7th of a month. Regardless of when I purchase a CD they will post the interest on the 7th day of the month But that it makes a differ...
by OAG
Wed Feb 19, 2014 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick Pen Fed CD question [Account balance]
Replies: 8
Views: 703

Re: Please Help Me Find A Doctor

OP: Not sure if this will work but I have seen "School Physicals Here" advertised in some local Pharmacies (usually in the Jul-Aug timeframe).May be worth a try in your area as it seems the school only needs an up-to-date shot record. They (the pharmacy people)should be able to point you i...
by OAG
Wed Feb 19, 2014 3:55 pm
 
Forum: Personal Consumer Issues
Topic: Please Help Me Find A Doctor
Replies: 23
Views: 1864

Re: Quick Pen Fed CD question [Account balance]

FYI: They pay interest daily and post it monthly. The day they post it will be the anniversary date of your joining the CU. Example joined the CU 39 years ago on the 7th of a month. Regardless of when I purchase a CD they will post the interest on the 7th day of the month (and if that is a holiday o...
by OAG
Wed Feb 19, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick Pen Fed CD question [Account balance]
Replies: 8
Views: 703

Re: Wanting to know if this financial situation is feasible

Just to pile on (I really do not mean that) but to continue on the monetary theme of the preceding post. If you then set aside $150K for the 3 children's college funds the $1.9 gets reduced by $225K (I assume you and ex will split the $450K cost), then you spend the $500K for the new home etc., you ...
by OAG
Tue Feb 18, 2014 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wanting to know if this financial situation is feasible
Replies: 73
Views: 4943

Re: People Search - paying for data?

I'm surprised there isn't a simple way to do that, but privacy concerns get in the way. I would assume there is little harm in disclosing someone as deceased, but it doesn't look like anyone is keeping the specific records of deceased service personnel. There's always the Social Security Death Inde...
by OAG
Tue Feb 18, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: People Search - paying for data?
Replies: 21
Views: 1628

Re: USAA Auto Insurance?

Regarding USAA I just got my notice of increse to my SA (Subscriber's Account). The amount deposited will offset my cost of car insurance by over 35% this year. I can never beat USAA's rate. The above is part of my reply in another Auto Insurance Thread. I have been with them for over 30 years. They...
by OAG
Tue Feb 11, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Insurance?
Replies: 53
Views: 2998

Re: Microsoft Updates - New laptop problem

I would just go to a Windows 8.1 upgrade , it should take care of everything related (updates), and here alot of people like the 8.1. I think going directly for 8.1 upgrade is a good idea. I did the 50+ Windows updates without a problem then the 8.1 upgrade without a problem, but think the 50+ coul...
by OAG
Sun Feb 09, 2014 12:25 pm
 
Forum: Personal Consumer Issues
Topic: Microsoft Updates - New laptop problem
Replies: 14
Views: 872

Re: The Gecko cost me a lot of $. How often to switch car in

MEVERTSEN: Just courious what type of "insurance policy" were you sold or did you buy for wour wife? Did you get it from this Agent and was it term or whole life? Regarding USAA I just got my notice of increse to my SA (Subscriber's Account). The amount deposited will offset my cost of car...
by OAG
Sun Feb 09, 2014 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: The Gecko cost me a lot of $. How often to switch car ins?
Replies: 78
Views: 7691

Re: Question about PenFed Certificate Opening

FWIW the message below is from the Account Page in a PFCU account. If one has CD's maturing at PFCU in Feb 2014 are they going to apply a different interest rate to 5 & 7 rollovers versus new money? If not one can get 3% on 7 Year CD's at NFCU (Navy Federal CU). From PFCU Account Page: "Imp...
by OAG
Sat Feb 01, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about PenFed Certificate Opening
Replies: 17
Views: 1589

Re: Pledged Asset Line (PAL) for home purchase

Maybe I can't see the forest for the trees but... Get a Equity Loan on House 1, buy House 2, sell House 1, Payoff Equity Loan on House 1, All done. I have been "retired" and have been offered mortgages several times (never used one other than a HELOC in the past 25 years or so).
by OAG
Fri Jan 24, 2014 7:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Pledged Asset Line (PAL) for home purchase
Replies: 4
Views: 371

Navy Fed CU follows the lead of PenFed CU [CD rates]

Navy Federal Credit Union follows the lead of Pentagon Federal Credit Union with 3%+ CD's. Now some will have a choice of where to put some Cash. Rates increased as of 0001 of today (1/20/2014).

PS: I suspect I put this in the wrong forum; hope a mod moves if appropriate.
by OAG
Mon Jan 20, 2014 8:21 am
 
Forum: Investing - Theory, News & General
Topic: Navy Fed CU follows the lead of PenFed CU [CD rates]
Replies: 9
Views: 1403

Re: Seems odd that tax documents aren't available sooner

PenFed data: 1099's for IRA's & Taxable Interest bearing accounts are available for download as of this morning (1/19/2014). All 4 of ours were correct to the penny an paper taxes are complete and will be mailed this week. I will know when they got them when the check clears (IMO a good failsafe).
by OAG
Sun Jan 19, 2014 10:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Seems odd that tax documents aren't available sooner
Replies: 39
Views: 2870

Re: Is living without credit cards a dangerous idea?

It is not the cards that cause the problems it is the user. Exactly the same with so many other things in life.
by OAG
Fri Jan 17, 2014 7:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Is living without credit cards a dangerous idea?
Replies: 66
Views: 2887

Re: Who taught you about financial responsibility?

Learned by trial and error (lots of errors). Back in the day I had little money and lots of time. The opposite now. Greatest financial lesson learned and taught: no debt single fugal spouse (over 50 years now) and 4 self-reliant kids (that did not boomerang). :D
by OAG
Fri Jan 17, 2014 7:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 57
Views: 2146

Re: New Cement Porch Steps - A Problem?

OP said this was a TH which means a HOA of some type - governed by an elected board of some type. Individual owner's can't make exterior changes without approval - Good Luck on that! BTW our Ranch Style (4 Units per building) has concrete entry with an immediate 7" step down - all 80 units are ...
by OAG
Thu Jan 16, 2014 4:54 pm
 
Forum: Personal Consumer Issues
Topic: New Cement Porch Steps - A Problem?
Replies: 23
Views: 1026

Re: Below Fair Market Value Rent vs Splitting Household Cost

Agree with everyone thus far. Life only needs to be as complicated as we want it to be (or not)!
by OAG
Wed Jan 15, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Below Fair Market Value Rent vs Splitting Household Costs
Replies: 7
Views: 376

Re: Help with Form 1096

It is a transmittal document. Used to send in (to the IRS) copies of the 1099's you issued to your contractors.
by OAG
Wed Jan 15, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Form 1099
Replies: 3
Views: 214

Re: IRA Required minimum distribution question

PenFed does annual calculations and will (at your option) make the transfer of funds monthly, quarterly or annually.
by OAG
Mon Jan 06, 2014 1:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA Required minimum distribution question
Replies: 25
Views: 1365

Re: What states offer online tax preparation?

Carl53 wrote:Ohio has an online system. I've used it in the past. Not great but acceptable and free.


+1

Additionally the OH (sign-in site) has past return filed for reference. I believe this is a recent addition.
by OAG
Sun Jan 05, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: What states offer online tax preparation?
Replies: 15
Views: 794

Re: Updated opinions about Ally Bank?

Old but interesting story:

http://usatoday30.usatoday.com/money/in ... bank_N.htm

Can't seem to get rid of the GMAC/General Motors taste.
by OAG
Sun Jan 05, 2014 9:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Updated opinions about Ally Bank?
Replies: 61
Views: 6129

Re: Questions about filling out PenFed IRA CD forms

Interesting tread. No input except to say DW & I have had IRA's (T & R) since 1976 (for T, later for R). Just rolled all from 7 year 6.25% CD's to these 3.04% 7 year ones. Been buying 7 (and 10) year CD's at PENFED for 38 years now IMO and limited experience it is a very good financial insti...
by OAG
Sat Jan 04, 2014 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Questions about filling out PenFed IRA CD forms
Replies: 118
Views: 5924

Re: Why can't you take a loan from a SEP but can from 401K?

Actually you can borrow from your IRA - BUT can only do so for a limited period (60 days seems to be the limit). (Short Term Bridge Loan). Not sure about the SEP.
by OAG
Tue Dec 31, 2013 7:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Why can't you take a loan from a SEP but can from 401K?
Replies: 13
Views: 805
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