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Re: Taxes on Kinder Morgan Stock sale

Thanks Alvin and Cuzz. I have decided to file a extension until October for my taxes this year. That will give me time over the spring and summer to research this issue in depth and figure out what to do in detail. I will talk to my accountant and get into the weeds with him on where and how to proc...
by btenny
Tue Feb 24, 2015 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes on Kinder Morgan Stock sale
Replies: 8
Views: 760

Re: Mom Asked Me For Help - I Need Your Help

Do you have any brothers or sisters or favorite cousins that your Mom may want to leave money to in the future? Besides you of course. My reason for this question is it looks to me like your Mom is trying to start a discussion with you about what she should do with her money now (what investments) a...
by btenny
Tue Feb 24, 2015 8:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mom Asked Me For Help - I Need Your Help
Replies: 7
Views: 891

Re: Taxes on Kinder Morgan Stock sale

Well.... Now that you point it out I see that good old Turbo Tax never ask me questions about my capital account since way back when. And I never knew to go to the forms version and enter that data manually. I was very careful and put in all the other K-1 data as required. I even talked to my accoun...
by btenny
Tue Feb 24, 2015 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes on Kinder Morgan Stock sale
Replies: 8
Views: 760

Re: Buy and Hold Forever Stocks

I would not be buying Exxon here and now for several reasons. Yes it is cheaper now than it has been in a while BUT it has serious issues. The company has not been performing very well for at least 5+ years and it shows in the annual reports and related data. That is why the company is rated a sell ...
by btenny
Tue Feb 24, 2015 12:24 pm
 
Forum: Investing - Theory, News & General
Topic: Buy and Hold Forever Stocks
Replies: 101
Views: 7457

Re: Scottrade Question

I'm curious. Why are you leaving Scottrade?
by btenny
Tue Feb 24, 2015 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Scottrade Question
Replies: 6
Views: 555

Re: Taxes on Kinder Morgan Stock sale

Cuzz, I did not report Cap Gains on anything but stuff I sold. So is this bad or ?
by btenny
Tue Feb 24, 2015 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes on Kinder Morgan Stock sale
Replies: 8
Views: 760

Re: Buy and Hold Forever Stocks

I hold a block of Exxon Mobil (XOM) and have held it for 30+ years, way before I became a Boglehead or even knew about mutual funds etc.. The stock has split 3-4 times over the years and way outpaced the SP500. That single stock paid my kids way through college and now pays me more in dividends annu...
by btenny
Mon Feb 23, 2015 8:59 pm
 
Forum: Investing - Theory, News & General
Topic: Buy and Hold Forever Stocks
Replies: 101
Views: 7457

Taxes on Kinder Morgan Stock sale

Has anyone actually completed their 2014 taxes that includes the KMP stock sale? Can you provide some directions for those of us who are trying to do the same thing? The issue is where to put in the various $$ and in which forms. I handled the K1 stuff before and did it again this year. That stuff i...
by btenny
Mon Feb 23, 2015 8:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes on Kinder Morgan Stock sale
Replies: 8
Views: 760

Re: Maintenance free landscaping a front yard

I have one each yellow, purple, red and orange Lantana plant all mixed up in my yard. I also have two big Jasmine out front and a whole row out back. Mine are the one with the big orange cone flowers. We also have some small and large purple flowering plants. Together with the bushes in the back and...
by btenny
Sat Feb 21, 2015 6:14 pm
 
Forum: Personal Consumer Issues
Topic: Maintenance free landscaping a front yard
Replies: 37
Views: 2456

Re: Maintenance free landscaping a front yard

I am not sure. We planted desert spring flowers from seeds a few times and they came up and bloomed wonderfully and covered an area of 30 sq ft or so the first spring but then died back to brown looking stubs and dead flowers by summer. I did not pull them as I wanted them to reseed the area. Well I...
by btenny
Sat Feb 21, 2015 12:40 pm
 
Forum: Personal Consumer Issues
Topic: Maintenance free landscaping a front yard
Replies: 37
Views: 2456

Re: Maintenance free landscaping a front yard

When you select someone to do the work make sure you go out and look at 2 or more of his jobs. Ask some neighbors who have nice looking stuff for who did their work. Try to understand what look you want. But be careful, many of the "licensed landscape architects" are not very good at actua...
by btenny
Fri Feb 20, 2015 10:43 pm
 
Forum: Personal Consumer Issues
Topic: Maintenance free landscaping a front yard
Replies: 37
Views: 2456

Re: Do you include an inflation estimate in your portfolio?

I took inflation into account when I first retired and really tried to figure out my budgeting and long term plan. I retired young and was not sure if I could support my needs long term without going back to work for a few more years. I used a calculator tool from Intuit called Investment Advisor. I...
by btenny
Fri Feb 20, 2015 5:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you include an inflation estimate in your portfolio?
Replies: 17
Views: 1334

Re: Maintenance free landscaping a front yard

Live and others. Xeriscaping is not cactus landscaping. It is putting in low water use plants and minimum or no turf/grass or high water use plants that are compatible with the local fauna and climate. It is just as applicable in Northern California or Texas where it rains a ton many times a years a...
by btenny
Fri Feb 20, 2015 3:33 pm
 
Forum: Personal Consumer Issues
Topic: Maintenance free landscaping a front yard
Replies: 37
Views: 2456

Re: Maintenance free landscaping a front yard

By the way some of you talk about putting down plastic ground cover to stop plant growth. That is not a good idea IMO. The stuff ages and cracks into pieces and then sticks up thru the rock ground cover after a while. Who likes black plastic sticking up like dead grocery bags every where. It just lo...
by btenny
Fri Feb 20, 2015 3:08 pm
 
Forum: Personal Consumer Issues
Topic: Maintenance free landscaping a front yard
Replies: 37
Views: 2456

Re: Maintenance free landscaping a front yard

I xeriscaped my yards each time when I moved into a new home in Phoenix. Lots of yards there are covered with rock landscaping and it looks nice if done correctly with some boulders and lots of color and texture and some elevation variation. But my plant selection needs to be watered a little year r...
by btenny
Fri Feb 20, 2015 3:07 pm
 
Forum: Personal Consumer Issues
Topic: Maintenance free landscaping a front yard
Replies: 37
Views: 2456

Re: Doing Taxes on Real Estate in Multiple States

Lots of accountants and tax people do returns for multiple states. It costs extra but is no big deal. I have found the costs varies widely from accountant to a book keeper to tax preparer, etc.. You might shop around for people that cover your needed states and ask for cost forecast.
by btenny
Fri Feb 20, 2015 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doing Taxes on Real Estate in Multiple States
Replies: 6
Views: 266

Re: electric toothbrush

The best thing that ever happened to my teeth was my dentist giving me a big 5 inch long floss holder way back when. It is a breeze to floss with that thing. You just wrap the floss around the holder/handle and use it like a tooth brush. Anyone else use them? I also have a Sonic Care toothbrush from...
by btenny
Fri Feb 20, 2015 1:00 pm
 
Forum: Personal Consumer Issues
Topic: electric toothbrush
Replies: 38
Views: 2170

Re: Credit Score got hit hard

Live and others. Yes I use auto pay on most of my bills and have for years. I know my paper system is old school but it WORKS and solves tons of issues and no one has offered any real modern alternative. Putting it in Quicken would help some but then I would have to log every bill and receipt into t...
by btenny
Thu Feb 19, 2015 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Score got hit hard
Replies: 41
Views: 3857

Re: Credit Score got hit hard

Quickfoot, Can Mint or some software like that be programed to your laptop or phone to give you a list each month that you can check or auto check to see if things have been paid or billed correctly? I ask because I am not aware of any software that will auto check receipts (or autopays for that mat...
by btenny
Wed Feb 18, 2015 10:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Score got hit hard
Replies: 41
Views: 3857

Re: Credit Score got hit hard

I have a paper log that I use to pay bills every month. I dedicate a full steno page to a month of bills. I log every bill due that month at the start of the month by looking back to last years bills and last months bills to make sure I got every bill that is due that month logged into my paper list...
by btenny
Wed Feb 18, 2015 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Score got hit hard
Replies: 41
Views: 3857

Re: Renting out might be the only choice for me...

Has your real estate broker told you why your house is not getting sales traffic? Is it priced right for that market? Is it fixed up nice so it shows good? Is it staged with furniture or naked? Or is there just no one buying homes in that area of Chicago? Have you talked to other RE agents about sel...
by btenny
Wed Feb 18, 2015 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is renting the only choice for me?
Replies: 4
Views: 682

Re: Whole Life Insurance Assessment

Get the latest in force policy illustrations and find out the following. 1. See if the policy will pay for itself from here on and maybe slightly increase in value by taking loans on the policy to pay for future years insurance. With the $7K in the policy and at her young age it might go forever. 2....
by btenny
Sat Feb 14, 2015 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life Insurance Assessment
Replies: 5
Views: 507

Re: Wells Fargo Brokerage

I am also a very long term happy WellsTrade customer. I was one of their first customers. So I am part of that 100 free trades group. But everything about Wells is good IMO. But it is NOT a people interface, I do everything via computer, money transfers to my checking account, printing out statement...
by btenny
Wed Feb 11, 2015 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Brokerage
Replies: 15
Views: 1458

Re: This is a Doozy! [allocation with land and business]

Unlike others on this board I think real estate should be included in your asset allocation. So this is how I see your situation. $300K in real estate, not my preferred brand of real estate as it does not generate income and is not diversified but RE none the less. $500K in business which is the sam...
by btenny
Wed Feb 11, 2015 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: This is a Doozy! [allocation with land and business]
Replies: 6
Views: 869

Re: Are Bond Closed End Funds A Good Deal? If not then, whe

I would avoid CEFs completely. IMO they are just too complex for the average investor. Plus many of them are just bad funds. Go look at what happened to CEFs during the 2006-9 money crisis. You will see many CEFs crashed to 40-60% of value and their preferred shares were halted and not traded at all...
by btenny
Mon Feb 09, 2015 9:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are Bond Closed End Funds A Good Deal? If not then, when?
Replies: 6
Views: 429

Re: Best artificial plants?

I bought a couple of big tree size silk/plastic plants at Lowes for my house in Arizona. I basically took what they had and gave up on having nice plants. But I was not going to have more live plants to worry about while I was out of town. So we only had two fake plants. Then when we were shopping f...
by btenny
Mon Feb 09, 2015 7:43 pm
 
Forum: Personal Consumer Issues
Topic: Best artificial plants?
Replies: 13
Views: 1022

Re: 2-3 Extra Days in San Diego next week

There are tons of great things to see in San Diego IMO. Way more fun stuff than you could see in week so pick and choose carefully. 1. The San Diego zoo is great. Lots of fun to spend a day or two seeing all the animals and the weather there will make walking around in shorts and t-shirt fun and rel...
by btenny
Mon Feb 09, 2015 4:36 pm
 
Forum: Personal Consumer Issues
Topic: 2-3 Extra Days in San Diego next week
Replies: 20
Views: 1303

Re: Car issues. [2009 Cadillac CTS - fix or sell]

Trade that car on something from Ford or another car maker soon. Consider it a lesson learned. Then never buy another GM car again. Many of us older guys/gals have quit buying GM cars in the last 20 years just for this reason. I know I will never again own a GM car for this reason. GM may have been ...
by btenny
Mon Feb 09, 2015 3:03 pm
 
Forum: Personal Consumer Issues
Topic: Car issues. [2009 Cadillac CTS - fix or sell]
Replies: 56
Views: 3512

Re: This CPA is advocating snail-mail over e-file for taxes

E-filing also has lots of issues IMO. My father in law sent his 1040 in via e-file 3+ years ago. Well it bounced because he used the wrong $ total for a password to verify the E-filing. He had done a 1040X revision the year before and forgot the $ was different between the two returns. Well the IRS ...
by btenny
Sun Feb 08, 2015 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: This CPA is advocating snail-mail over e-file for taxes
Replies: 55
Views: 3961

Re: This CPA is advocating snail-mail over e-file for taxes

Victoria What are you doing that causes the IRS to audit you so often? Are you not using their PDF forms for you tax return? Getting audited is hard in my experience. I got audited 3-4 times in row back in the 1970's when I did complex real estate stuff with major league tax schemes and they found a...
by btenny
Sat Feb 07, 2015 8:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: This CPA is advocating snail-mail over e-file for taxes
Replies: 55
Views: 3961

Re: This CPA is advocating snail-mail over e-file for taxes

If you file in October I guess you are also filing in February/April and asking for an extension, correct? When you file your taxes and ask for an extension in February, how do you guess the correct tax owed amount to send in with your extension request? Please expand on your process and what you pa...
by btenny
Sat Feb 07, 2015 2:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: This CPA is advocating snail-mail over e-file for taxes
Replies: 55
Views: 3961

Re: Perspectives on house with a pool

The last time I moved to my retirement house it took us almost 2 years to find a house with no pool that we really liked etc.. We probably rejected 10-20 really nice houses because they had pools. Since then I have learned about pool "retiring". See here ( http://deckover.com/index.html). ...
by btenny
Wed Jan 28, 2015 2:52 pm
 
Forum: Personal Consumer Issues
Topic: Perspectives on house with a pool
Replies: 34
Views: 2807

Re: Retirement in Arizona - Seeking Advice

See here (http://suncitygolfing.com/rcsc-golf-fees/) for the homeowners fees for golf in Sun City proper. $755 plus $5 per round or $1475 plus zero are two options. There are other choices depending on your needs. There is also a annual Homeowners Recreation fee of $456 per home. See here (http://su...
by btenny
Sun Jan 25, 2015 3:14 pm
 
Forum: Personal Consumer Issues
Topic: Retirement in Arizona - Seeking Advice
Replies: 67
Views: 4687

Re: HOA lawyer sends threatening letter, need advice

Op, This is nuts. [OT comments removed by admin LadyGeek] Now you solved it by paying off that bill but you still have not learned how to deal with your HOA. When you have issues you talk to people!! Now you need to call someone and ask what the $225 trash can fee is for. I suspect your HOA hired a ...
by btenny
Wed Mar 19, 2014 8:57 pm
 
Forum: Personal Consumer Issues
Topic: HOA lawyer sends threatening letter, need advice
Replies: 46
Views: 4663

Re: Diff between prev HC, health care and workers comp?

Everyone needs some sort of regular medical insurance that covers them for accidents and medical issues should they occur. You and or your employer should pay for it. Here is what happened to two of my friends this winter. One guy was skiing along a trail and a snow boarder turned and ran him over a...
by btenny
Wed Mar 19, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Diff between prev HC, health care and workers comp?
Replies: 5
Views: 291

Re: retire early AA and SWR plan

I suggest you change your portfolio as follows. 1. Change Cal Muni fund to Intermediate Term Muni fund (VWIUX) as it offers more diversification at a small increase in state taxes and dramatic decrease in risk. 2. Change all your cash from VMMXX to VMLUX for better return with almost no increase in ...
by btenny
Tue Mar 18, 2014 4:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: retire early AA and SWR plan
Replies: 2
Views: 495

Re: Your thoughts on vacation home or second home

I have always had a second home/condo. I think they are great but there are issues. Two homes are expensive. They need repairs, sometimes a lot. They need upkeep and you can never keep up so something is always in need of repair or updating. This can be bothersome if you are a Type A person. Today i...
by btenny
Tue Mar 18, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your thoughts on vacation home or second home
Replies: 61
Views: 4463

Re: Using Life Expectancy Tables for RMD

My wife understands percentages while dividing by some factor leaves here asking questions. So to save time and not spend hours in explanation I did the division for her and told her she had to take out 5.38% or slightly more. And yes I know they are not the same because of rounding but I suspect lo...
by btenny
Tue Mar 18, 2014 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using Life Expectancy Tables for RMD
Replies: 22
Views: 1532

Re: New 2013 Ford Edge Sport Should I Buy?

Yep maybe the Sport version that is being offered has all those extras and toys that run the price up to crazy heights. Come on, does anyone really want 22 inch wheels on a car if they are not a RAP musician? Can you even imagine what it will cost to replace a tire for one of those? Yes I am sure so...
by btenny
Tue Mar 18, 2014 12:34 pm
 
Forum: Personal Consumer Issues
Topic: Final Dealer Offer Good Enough?
Replies: 19
Views: 1208

Re: Using Life Expectancy Tables for RMD

SScritic

I guess that confounded rounding error I made might get me if we did not take out slightly more than needed. So I guess the absolutely correct factor is 1/18.6 or 5.38% (rounded properly this time) for those that want a percentage.
by btenny
Tue Mar 18, 2014 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using Life Expectancy Tables for RMD
Replies: 22
Views: 1532

Re: New 2013 Ford Edge Sport Should I Buy?

If you like the Ford Edge why not look around and buy a slightly used one. See below for some used Edges out by me that are around $21K for a 1-2 year old car with 24K miles. Since there are so many for sale I expect you can pick and choose what model and color you want and even negotiate a lower pr...
by btenny
Tue Mar 18, 2014 11:54 am
 
Forum: Personal Consumer Issues
Topic: Final Dealer Offer Good Enough?
Replies: 19
Views: 1208

Re: What premium items are least worth it?

Trophy wives....
by btenny
Mon Mar 17, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: What premium items are least worth it?
Replies: 105
Views: 7130

Re: The Intelligent Investor

I think you will find most people here stick close to a fixed Asset Allocation of their age in bonds or their age -10% and never change it much over time. So if you are about 40 you would have asset allocation of 60% stocks/40% bonds for your age in bonds and 70% stocks/30% bonds for your age in bon...
by btenny
Mon Mar 17, 2014 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 3844

Re: fixed fee advisers

There are tons of them. Larry Swedloe on this site is one fixed fee advisor. See below for discussion of others. http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=2&cad=rja&uact=8&ved=0CCwQFjAB&url=http%3A%2F%2Fwww.bogleheads.org%2Fforum%2Fvie...
by btenny
Mon Mar 17, 2014 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: fixed fee advisers
Replies: 7
Views: 513

Re: Using Life Expectancy Tables for RMD

For your math issues 5.37% is the same as 1/18.6. So yes the numbers are the same. My wife is going to take $2000 out of the account this week for the 2014 RMD. This is more than the minimun by a $140ish. She is going to spend it I guess. She is putting the money in her checking account. Thanks..
by btenny
Mon Mar 17, 2014 1:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using Life Expectancy Tables for RMD
Replies: 22
Views: 1532

Re: Could I retire…. next week?

I am sorry for your loss. I hope you have healed enough to start looking around and see there is a lot more life left to live and enjoy. As far as money stuff. Have you really moved all your money and accounts to Vanguard with all those various mutual funds? Is your wifes' friend and advisor still h...
by btenny
Mon Mar 17, 2014 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Could I retire…. next week?
Replies: 13
Views: 2946

Re: What "annual" retirement income are you hoping to achiev

I am pretty sure the question and pole are set up wrong. I suspect most people answered it as "household income". I know I did. So a Boglehead who answered $130K was saying he and his wife are living on $65K each. This is not that much money for two people living in retirement and paying t...
by btenny
Mon Mar 17, 2014 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: What "annual" retirement income are you hoping to achieve?
Replies: 70
Views: 4609

Re: "Getting Real About Retirement"

Quite a few people retire early due to illness or layoff or family issues etc.. All these people did not have 1-3 years leading up to retirement to figure out how much they were going to spend in retirement or if they had enough saved. They just had to retire. Thus a lot of people need to really do ...
by btenny
Sun Mar 16, 2014 8:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Getting Real About Retirement"
Replies: 27
Views: 3302

Re: Using Life Expectancy Tables for RMD

Thanks guys.

From your answer I guess the RMD for 2014 is 5.37% of the 2013 year end balance and IRS life expectency is 18.6 years. So I will take out that amount and put a note for my taxes accordingly.
by btenny
Sun Mar 16, 2014 7:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using Life Expectancy Tables for RMD
Replies: 22
Views: 1532

Using Life Expectancy Tables for RMD

My wife needs to take a RMD from a Inherited IRA from her Dad. He passed away last year at age 88. We moved the IRA to her name last year and now she needs to take her first RMD this year (2014) from this IRA. So I was trying to figure out the right amount and had a question. She is 67 now but will ...
by btenny
Sun Mar 16, 2014 2:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using Life Expectancy Tables for RMD
Replies: 22
Views: 1532
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