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Re: Did not have fun this year doing my taxes- TT

I'm generally pleased with TT at the federal level. At the state level not so much. This year was the first time I wanted to file the state form electronically through TT. Since it was the first time they wanted my license number, then my weight listed on my license, then more and more information. ...
by donall
Wed Apr 16, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did not have fun this year doing my taxes- TT
Replies: 41
Views: 3795

Re: Switching Banks

Keep the BOA credit card. You don't need to have an account at BOC to have a credit card from BOC. You can pay the credit card bill electronically from most bank or credit union accounts. I agree with another poster that it would be good to have more than one credit card.
by donall
Wed Apr 16, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 20
Views: 1520

Re: Newly Widowed, what to do with the life insurance money.

Aren't you receiving Social Security survivor benefits (widow and 2 children)?
by donall
Wed Apr 16, 2014 9:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3212

Re: Lump Sum vs Annuity: A New Question?

Are you able to split into a lump sum and a pension? If you had a $60,000 a year pension plus a lump sum, then you would have a very secure pension, insured by the federal government.
by donall
Tue Apr 08, 2014 12:19 am
 
Forum: Investing - Theory, News & General
Topic: Lump Sum vs Annuity: A New Question?
Replies: 62
Views: 3186

Re: Edward Jones Advisory Solutions account

I have a feeling we won't be hearing back from "ed". This is better than listening to Kramer or Suzie! I'm not going anywhere. Obviously everyone on this post loves to make money. Can we all agree that investing in an index fund is a great investment? I agree with that. There are some gre...
by donall
Mon Apr 07, 2014 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 58
Views: 10189

Re: tearing my hair out with multiple state tax return

I've found that TurboTax does not do a good job with multistate returns. As another poster found, it may be easier to just do the state returns by hand.
by donall
Sun Apr 06, 2014 10:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: tearing my hair out with multiple state tax return
Replies: 11
Views: 708

Re: Charities selling or sharing our data?

If you donate a lot of money to a charity, that charity will not share your name. If you are in the little to medium range your name will get sold to other charities.
by donall
Tue Apr 01, 2014 5:33 pm
 
Forum: Personal Consumer Issues
Topic: Charities selling or sharing our data?
Replies: 15
Views: 727

Re: Help with Estimated Taxes

- Estimate the taxes due (include SS and Medicare tax of employer and employee)and then revise the W-2 withholding to reflect that amount. Divide the remaining pay periods into the total amount that is due. - Estimate the taxes due and pay the amount with a quarterly tax payment. - Ignore the taxes ...
by donall
Sun Mar 30, 2014 9:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Estimated Taxes
Replies: 7
Views: 443

Re: Redrawn flood zone map puts portion of property in FZ

I think the suggestions for pursuing a LOMA are excellent. A few more ideas: - I seem to recall that if FEMA's changed flood boundaries that affect you, then there are a couple of years that premiums can be reduced. - Also you may be able to de-annex your land that is in the flood zone. - If you are...
by donall
Sun Mar 30, 2014 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Redrawn flood zone map puts portion of property in FZ
Replies: 22
Views: 1044

Re: How much to build a small house from scratch?

hicabob wrote:From a strictly financial point of view - hiring an architect and builder for a 500 sq ft house would almost certainly not be prudent.
I would think 1k feet absolute minimum, probably more.


House is designed, no need for an architect. Builder should be able to work through site issues.
by donall
Sun Mar 30, 2014 8:47 pm
 
Forum: Personal Consumer Issues
Topic: How much to build a small house from scratch?
Replies: 28
Views: 1582

Re: Lawyer, Small Claims Court, or ?

This sounds like a valuable property. Can't you just sell it?
by donall
Wed Mar 26, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lawyer, Small Claims Court, or ?
Replies: 27
Views: 1255

Re: "Spinning Off" my 20 Year Old Son

As a parent, emotional support should be forever. Be gradual with the independence. This is best done after child receives a degree, unless child has independent source of funds and should be done in 6 month increments. -Let child pay cell phone -Put car in child's name (but buy car if one's budget ...
by donall
Wed Mar 26, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Spinning Off" my 20 Year Old Son
Replies: 71
Views: 5986

Re: Less money exchange for pension benefits

How many years to you plan to work? Does the state job contribute to Social Security? There is a $6,000 difference between the jobs, what are the salaries, $100,000 and $1006,000 or $20,000 and $26,000? How long do you have to work to become vested in the pension system? What are the health insuranc...
by donall
Tue Mar 25, 2014 11:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Less money exchange for pension benefits
Replies: 3
Views: 405

Re: Health Insurance Marketplace

I think I would play around with different income figures using the www.valuepenguin.com website to get an estimate and an idea of how the premium subsidies are affected by changes in income.
by donall
Tue Mar 25, 2014 12:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Marketplace
Replies: 11
Views: 893

Re: Creating a "secondary" retirement account

OP, this state is in a fiscal mess and pensions are a huge cause of that. Even if pensions stay funded (and that's a big if!) I would still expect cuts to the final pay formula and discontinued COL raises. I don't understand how some retirees in this state make more in their pension than they ever ...
by donall
Tue Mar 25, 2014 12:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Creating a "secondary" retirement account
Replies: 18
Views: 1611

Re: Do you work part time in retirement?

Are you speaking of being a substitute in a public school system? If so, substitutes are part-time employees of the school district. I don't know exactly how it works in private settings, but I can't imagine it is not something along the same lines. If you would like to set up a small business, som...
by donall
Mon Mar 24, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you work part time in retirement?
Replies: 59
Views: 3900

Re: Creating a "secondary" retirement account

Tibbits, Illinois teachers do not pay into Social Security. Corysold, Illinois has a new law that governs teacher pensions. Was the $85,000 estimated based on the new or old law? Assuming your wife is a K-12 teacher, It looks like your wife plans to retire at the age of 56 with a full pension and 34...
by donall
Mon Mar 24, 2014 11:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Creating a "secondary" retirement account
Replies: 18
Views: 1611

Re: Any experience pricing yourself out of a neighborhood?

Why not buy one of the large homes in your neighborhood now?
by donall
Sat Mar 22, 2014 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any experience pricing yourself out of a neighborhood?
Replies: 15
Views: 2642

Re: State taxes and out of state rental property

Taken from https://turbotax.intuit.com/tax-tools/tax-tips/Tax-Planning-and-Checklists/Taxes-and-Moving-to-a-New-State/INF12057.html Consideration 3: Renting property in the state you leave Even if you establish permanent residency in the new state, if you rent out your house in your old state, you w...
by donall
Sat Mar 22, 2014 12:58 am
 
Forum: Investing - Theory, News & General
Topic: State taxes and out of state rental property
Replies: 25
Views: 1227

Re: Health Insurance Marketplace

Excellent advice Flobes. Taking the subsidy is usually the better option. If income is variable, I recommend that the money saved with the subsidy be saved each month. Then when tax time comes, one will have the funds to pay taxes if the income was more than estimated and have extra money if the inc...
by donall
Sat Mar 22, 2014 12:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Marketplace
Replies: 11
Views: 893

Re: TreasuryDirect entity accounts

It is fine to have TD accounts for individuals, trusts, and also businesses. The only entity that cannot have a TD account is a non/not for profit organization. Not sure why this is the case. So you can have an account in your name with your SS#, your living trust, and your small business. TD will l...
by donall
Fri Mar 21, 2014 11:59 pm
 
Forum: Investing - Theory, News & General
Topic: TreasuryDirect entity accounts
Replies: 6
Views: 598

Re: Is this Retirement plan doable?

"When DW is 62 she will file for SS – 15K. I will be at FRA & will file for spousal benefit of 10k."

Not an expert here, but doesn't your DW have to be 66 for you to file for a spousal benefit?
by donall
Fri Mar 21, 2014 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this Retirement plan doable?
Replies: 10
Views: 1144

Re: Tax software not working on my old mac

Good to see that TaxAct also supports Macs. No they don't. They support your web browser,* nothing more. Here are their system requirements. Note that they do not supports Windows ME. Operating System: Windows XP, Vista, Windows 7, Windows 8 Macintosh and other users - Check out TaxACT Online, the ...
by donall
Thu Mar 20, 2014 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax software not working on my old mac
Replies: 11
Views: 439

Re: HOA lawyer sends threatening letter, need advice

Best to pay this and promise yourself you will do a better job of communication with HOA and management company in the future. The lawyer you hire may also cause you trouble and then you can have more trouble.
by donall
Thu Mar 20, 2014 10:08 am
 
Forum: Personal Consumer Issues
Topic: HOA lawyer sends threatening letter, need advice
Replies: 46
Views: 4227

Re: Friend possibly victim of real estate dual agency

Real estate agents make money when a property is sold. NY coops often have strict guidelines for accepting new owners. Perhaps the two factors were the source of the pressure from the real estate agent.
by donall
Thu Mar 20, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Friend possibly victim of real estate dual agency
Replies: 27
Views: 2554

Re: Tax software not working on my old mac

Yes, this happened to me last year. I went to the Apple store and had them upgrade my system to 10.6.8. There was no cost. I would try to stay away from Mavericks as it seems to still have a few bugs. I was going to try another tax software this year, but thought that TurboTax was the only software ...
by donall
Wed Mar 19, 2014 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax software not working on my old mac
Replies: 11
Views: 439

Re: GNMA

GNMAs are different than Fannie and Freddie.
by donall
Tue Mar 11, 2014 11:39 pm
 
Forum: Investing - Theory, News & General
Topic: GNMA
Replies: 6
Views: 890

Re: Suggestions for Mom's portfolio

Mom should be fine for 25 years if she continues to withdraw $800/month, even with conservative investments such as CDs. I agree with BL that a bigger concern is possible long term care costs that could wipe out $250,000 in three years. Doesn't mom have minimum distributions with the IRA? Is the IRA...
by donall
Tue Mar 11, 2014 11:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Mom's portfolio
Replies: 13
Views: 827

Re: Need help buying health insurance

Assuming you have no other dependents, see if you can stay on your dad's health insurance policy (there should be another policy if the current one is cancelled) until you turn 26. If your income is between about $16K to $45K then explore the Marketplace plans to see what type of subsidy is availabl...
by donall
Thu Mar 06, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help buying health insurance
Replies: 30
Views: 1326

Re: Help with Paychex 401k funds

I'd take the match.
by donall
Thu Mar 06, 2014 10:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Paychex 401k funds
Replies: 5
Views: 299

Re: 2013/2014 Honda accord - any better values?

I have a 4 cylinder 2013 Honda Accord and it is a nice car, that has good gas mileage. The only flaw that I can find is that the shock absorbers are stiff.
by donall
Thu Mar 06, 2014 9:47 pm
 
Forum: Personal Consumer Issues
Topic: 2013/2014 Honda accord - any better values?
Replies: 66
Views: 10715

Re: Would you retire like this?

Perhaps it would make sense to spend extended vacations on the island, 1-2 months instead of moving there.
by donall
Mon Mar 03, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you retire like this?
Replies: 72
Views: 6722

Re: Tax Consequences of closing out a UTMA account

It sounds like your fiance will have to reconstruct the basis for PREIX and GDF. If she is getting dividends then the task is much easier to do as there is an assumption that dividends were not reinvested. It also sounds as for most of the time the dividends were not more than $5,000, so if not work...
by donall
Mon Mar 03, 2014 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Consequences of closing out a UTMA account
Replies: 14
Views: 709

Re: 1099-B Mishap Question (Fun Fund Strikes Back)

It's easy to do a TT amended return. You don't need to buy another version or upgrade of TT. I always have to do an amended return as I get corrected returns from a large investment firm about a month after I file.
by donall
Fri Feb 28, 2014 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1099-B Mishap Question (Fun Fund Strikes Back)
Replies: 22
Views: 1087

Re: Car Seats: Leather or Cloth with Kids?

No doubt - "leather" is easier to clean and is hardier than cloth seats. I use quotes because most "leather" out there is faux leather such as Mercedes' MB-Tex and BMW's Leatherette. True leather is much, much more expensive, harder to care for and more fragile than the fake stu...
by donall
Thu Feb 27, 2014 11:09 am
 
Forum: Personal Consumer Issues
Topic: Car Seats: Leather or Cloth with Kids?
Replies: 46
Views: 2241

Re: how to find an architect

I would say that if you or your significant other can't see the difference between an architect designed house and a spec house, forget about an architect and use a design-build firm. An architect will give you a complete design with all parts harmonious and balanced. A design-build firm will start ...
by donall
Thu Feb 27, 2014 10:58 am
 
Forum: Personal Consumer Issues
Topic: how to find an architect
Replies: 17
Views: 868

Re: Real estate rental w Magi >150k

Live in the condo for 6 more months then sell. Take out your profit and buy a house with the profit (it sounds like you need these funds for the down payment). The $80K will not be taxed if you sell your primary residence. If you make more than $150K then being a passive landlord is not worth it, as...
by donall
Thu Feb 27, 2014 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Real estate rental w Magi >150k
Replies: 20
Views: 1841

Re: Setting Up a Roth

Roth conversions 1/1 to 12/31
Roth contributions 1/1 to 4/15 of next year
So if you want to open a Roth today it must be new money for a 2013 contribution before 4/14/14
Have you looked into the rules of Roth conversions? There is a pro-ratio rule that can affect amount of taxes paid.
by donall
Wed Feb 26, 2014 8:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Setting Up a Roth
Replies: 10
Views: 650

Re: Advice on Dealing with Underwater Rental Property

Thanks. I should have said that I have 4 credit cards -- one for my small business (balance paid off each month) that I opened in 2013, another with Chase that I opened in 1990 that I don't use due to the lack of rewards. The two I currently use for personal purchases give me cash back or American ...
by donall
Sun Feb 23, 2014 6:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice on Dealing with Underwater Rental Property
Replies: 33
Views: 2664

Re: Skip IRA for 1 year to buy engagement ring

This is just a wonderful Bogelhead question. I enjoy reading the responses.
by donall
Thu Feb 20, 2014 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7251

Re: POLL: What Percentage of Your Retirement Portfolio is Ro

While I am happy to answer to poll, the premise is not a reasonable one. Michdad wrote: I would like to gauge the level of commitment Bogleheads have made to investing in either Roth 401(k)s or in Roth IRAs. We have about 10% in our Roths, but this does not reflect our "commitment" to the...
by donall
Fri Jan 24, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: What Percentage of Your Retirement Portfolio is Roth?
Replies: 42
Views: 3024

Re: Finance/Accounting outlook

Time to do Google research on terms such as "felony accountant," as well as speaking to professional organizations. Organizations I worked for always did a background check and I would think this is common for most positions that involve money and trust. I think there is a movement to not ...
by donall
Fri Jan 24, 2014 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Finance/Accounting outlook
Replies: 15
Views: 1023

Re: Term life - for how long?

curmudgeon wrote:20-year term sounds like the right approach. It's good to have coverage until the kids are launched, but I don't see much reason to go beyond that point in your case.


Totally agree with this.
by donall
Thu Jan 23, 2014 11:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life - for how long?
Replies: 36
Views: 2332

Re: Former Employer Over Payment

I had this happen to me years ago. I sent in a letter (registered mail) a month before my date of resignation as well as directly informing co-workers and supervisors. My last day I checked my work mailbox and got a memo indicating that the organization was not approving resignations at this time. H...
by donall
Thu Jan 23, 2014 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Former Employer Over Payment
Replies: 11
Views: 916

Re: Multi state tax filing

Not a fan or TT for multiple states. It is easy to input the wrong figures or answer the questions incorrectly.
by donall
Sun Jan 19, 2014 10:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multi state tax filing
Replies: 9
Views: 473

Re: New 2014 Car - Should I Put Anything On The Finish?

Stay away from car washes. Hand wash with clean rags and wash as little as possible. Keep in a garage. Wax if you want to.
by donall
Sun Jan 19, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: New 2014 Car - Should I Put Anything On The Finish?
Replies: 24
Views: 1802

Re: Poll: Experience with personal lending

Lent $$$$ to sister multiple times and was paid back within a year. Would do it again if asked.
by donall
Sat Jan 18, 2014 9:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Experience with personal lending
Replies: 52
Views: 2196

Re: Time for a new dentist?

I'm not sure that I would change dentists on the basis of you were asked if you wanted your teeth to be lightened.
by donall
Thu Jan 09, 2014 7:39 pm
 
Forum: Personal Consumer Issues
Topic: Time for a new dentist?
Replies: 8
Views: 883
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