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Re: Social Security website error message

Skizbo wrote:At 6:30 AM eastern, I was at the "official" Social Security website to view my online account and I chose the sign in link at the website. I received an error message that the page was not found.

Whoops. I guess the trust fund didn't last as long as they expected.
by jebmke
Sun Mar 01, 2015 5:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security website error message
Replies: 5
Views: 399

Re: rebalancing & purchasing when fear is present

I sold equity and rebalanced to food, wine and bonds in 2014. Fear had nothing to do with it.
by jebmke
Sun Mar 01, 2015 5:38 pm
 
Forum: Investing - Theory, News & General
Topic: rebalancing & purchasing when fear is present
Replies: 8
Views: 389

Re: rebalancing & purchasing when fear is present

Which (recent) fear episodes are you referring to?
by jebmke
Sun Mar 01, 2015 5:32 pm
 
Forum: Investing - Theory, News & General
Topic: rebalancing & purchasing when fear is present
Replies: 8
Views: 389

Re: Why Isn't Pension Distribution Taxable? (1099-R, Code G)

Also strange that were you are vested in a pension plan where you did not contribute and had a year of service credit. At least 5 years and usually 10 years was the norm back in 1980 I have a vague memory of closing a plan years ago (1980s) and I think everyone who was in the plan vested instantly ...
by jebmke
Sun Mar 01, 2015 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why Isn't Pension Distribution Taxable? (1099-R, Code G)`
Replies: 12
Views: 1070

Re: Avoiding the jump to the 25% tax bracket

Pay close attention to the marginal rate, not just the bracket. They aren't always the same. Try to find the 30% marginal rate in the tax tables.
by jebmke
Sun Mar 01, 2015 1:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoiding the jump to the 25% tax bracket
Replies: 12
Views: 1400

Re: Has anyone ever voluntarily downsized their job?

I think for 98% of employees, downsizing is not an option. I'm sure a higher percentage of people on this forum would be able to downsize, due to unique skills or qualifications. But for the population in general, it's just not an option, because they're commodities, and their employers will just r...
by jebmke
Sun Mar 01, 2015 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone ever voluntarily downsized their job?
Replies: 30
Views: 2370

Re: Has anyone ever voluntarily downsized their job?

Twice. Early in my career I was the Controller for a division that had been an acquisition. I spearheaded a project to transfer all the financial work of my entire department to a corporate shared service center and in the process, my job went away. After a brief period in an individual contributor ...
by jebmke
Sun Mar 01, 2015 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone ever voluntarily downsized their job?
Replies: 30
Views: 2370

Re: done so soon? Firecalc says so

I ended up with the same result. 45 years-40 in retirement, resulted in 100%. Whenever I look at Firecalc it seems that I should retire now but I just cant convince myself that is the case. Best of luck! PH I haven't looked at FC for a long time. Does it use historical returns or do you establish t...
by jebmke
Sun Mar 01, 2015 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: done so soon? Firecalc says so
Replies: 15
Views: 1802

Re: Avoiding the jump to the 25% tax bracket

This year we donated some appreciated stock to our Vanguard DAF.
by jebmke
Sun Mar 01, 2015 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoiding the jump to the 25% tax bracket
Replies: 12
Views: 1400

Re: Bond Funds vs Individual Bonds

Research rolling ladder vs. bond funds.
by jebmke
Sat Feb 28, 2015 5:29 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Funds vs Individual Bonds
Replies: 11
Views: 662

Re: Backdoor ROTH went wrong (2014)

Erhan wrote:There is no 8606 in Vanguard. Do I fill out one myself? If yes, how do I do that in Turbotax?

Yes, this is a tax form that you complete. It should be on the forms listing.
by jebmke
Sat Feb 28, 2015 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Backdoor ROTH went wrong (2014)
Replies: 8
Views: 576

Re: How to Figure Step-Up Basis for Traditional Mutual Fund

Here is the link with the missing "p" on the end http://www.investopedia.com/terms/s/stepupinbasis.asp Pubs 550 and 551 address this as well as special circumstances such as alternate valuation dates or property that was given to the descendant by the taxpayer during the 1 year prior to th...
by jebmke
Sat Feb 28, 2015 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Figure Step-Up Basis for Traditional Mutual Fund
Replies: 9
Views: 358

Re: tax dependent vs $3950 vs income

AOC can be refundable but not Lifetime Learning. Not sure I know what you mean ? The American Opportunity Credit can be refundable -- in other words, even if you don't owe taxes you can sometimes get money back. The Lifetime Learning Credit is non-refundable - it is only good when applied against y...
by jebmke
Sat Feb 28, 2015 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax dependent vs $3950 vs income
Replies: 18
Views: 1082

Re: PIN + Signature card in Europe

I traveled a lot across all continents and never had a problem using ATM cards. There were only a few places where I used cash anyway. In a few places it sometimes pays to have a wad of USD -- sometimes the unofficial exchange rates are quite good. I was in Buenos Aires the week after they unpegged ...
by jebmke
Sat Feb 28, 2015 1:59 pm
 
Forum: Personal Consumer Issues
Topic: PIN + Signature card in Europe
Replies: 16
Views: 591

Re: Analysis Paralysis - Stock Options

Early in my career I just ignored options when looking at my holdings. They were too volatile and I sort of concluded that they were long term compensation for a reason and just left them out of the equation. Later I became an insider (very limited selling windows) and that plus the rise in value pu...
by jebmke
Sat Feb 28, 2015 1:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Stock Options
Replies: 13
Views: 578

Re: tax dependent vs $3950 vs income

AOC can be refundable but not Lifetime Learning.
by jebmke
Sat Feb 28, 2015 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax dependent vs $3950 vs income
Replies: 18
Views: 1082

Re: PIN + Signature card in Europe

I couldn't get it to work at an automated gas pump in Italy. There was no attendant. I think that was user error though. That's Italy. That's a country where cash is the way to go. That usually means finding an attended gas station. I nearly ran out of gas looking for an attended station in Brussel...
by jebmke
Sat Feb 28, 2015 12:54 pm
 
Forum: Personal Consumer Issues
Topic: PIN + Signature card in Europe
Replies: 16
Views: 591

Re: HSA: spend or invest?

I saved receipts for a few years but then changed my mind and decided to take the distributions. I don't want to deal with all the paperwork later -- or worse, have it hanging around after I croak for my wife to deal with. Plus, after three years I can probably toss all the receipts since I will be ...
by jebmke
Sat Feb 28, 2015 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA: spend or invest?
Replies: 20
Views: 1882

Re: Medical research study payment -- is it taxable?

Yes, I'd report it under miscellaneous income on Line 21. You may not receive any docs. It is still reportable income.
by jebmke
Sat Feb 28, 2015 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical research study payment -- is it taxable?
Replies: 2
Views: 173

Re: Vanguard Brokerage 1099 Available

Normally SSN rejects are fast. You should know shortly.
by jebmke
Sat Feb 28, 2015 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Brokerage 1099 Available
Replies: 38
Views: 2242

Re: Looking for good market dahsboard

I don't pay attention to past performance per se. Only if it triggers re-balance or TLH - that is the only thing actionable for me.
by jebmke
Sat Feb 28, 2015 11:14 am
 
Forum: Investing - Theory, News & General
Topic: Looking for good market dashboard
Replies: 6
Views: 573

Re: Estate planning - fate of retirement accts - confused!!!

I would suggest start with a reading of IRS Publication 590-B with special attention to the section on IRA beneficiaries.
by jebmke
Sat Feb 28, 2015 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Estate planning - fate of retirement accts - confused!!!
Replies: 5
Views: 529

Re: Favorite chocolate candy

FreeAtLast wrote:Regular M & M's! (just a dumb redneck compared to the rest of you fancy folk).

I like M&Ms too but they are too sweet to eat many.

We got hooked on Marcolini dark chocolate in Brussels but it isn't available in the US.
by jebmke
Sat Feb 28, 2015 10:07 am
 
Forum: Personal Consumer Issues
Topic: Favorite chocolate candy
Replies: 33
Views: 1861

Re: Saturday, Feb 28 and still UNABLE to import!

This is simply intolerable NOT having the ability to import my 10990's into TurboTax. Need this resolved ASAP as I have way too many Vanguard equity trades over the 12 months and simply cannot/will NOT manually finger in these trades. Vanguard is the remaining piece of my dilemma before I can eFile...
by jebmke
Sat Feb 28, 2015 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Brokerage 1099 Available
Replies: 38
Views: 2242

Re: Inheritance Tax Question

Thanks for clearing that up. I was under the impression we would have to claim the inheritance as income. I've never looked into this sort of thing before. I find it refreshing that the federal limits are relatively high and few states have any inheritance tax of any sort. My wife will save signifi...
by jebmke
Fri Feb 27, 2015 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance Tax Question
Replies: 8
Views: 419

Re: Is Vanguard understaffed?

I was on the phone with them this week about transferring accounts in to VG. They did say that the next couple months are very busy since they get a lot of new accounts for IRAs.
by jebmke
Fri Feb 27, 2015 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Is Vanguard understaffed?
Replies: 37
Views: 3291

Re: Beer sales in PA supermarkets? Is this allowed now?

This post is geared mainly toward PA residents. Non-PA residents will probably find PA liquor laws bizarre and frankly laughable. If you stay with it, try to not laugh that hard. :happy I lived in PA back in the 70s. It was bizarre. If I recall correctly, you could buy a case at a distributor and a...
by jebmke
Thu Feb 26, 2015 5:40 pm
 
Forum: Personal Consumer Issues
Topic: Beer sales in PA supermarkets? Is this allowed now?
Replies: 10
Views: 670

Re: Box 3, 1099-DV REIT IX fund

It is not reportable this period. It does reduce your basis because it is a return of capital. But I believe it relates to the shares held at the time of distribution which may or may not include the shares sold.
by jebmke
Thu Feb 26, 2015 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Box 3, 1099-DV REIT IX fund
Replies: 2
Views: 171

Re: "The world's largest non-commercial financial forum".

Where else can you get good advice on kitchen knives, $5,000 watches and what to do with a $5 million windfall?
by jebmke
Thu Feb 26, 2015 11:43 am
 
Forum: Local Chapters and Bogleheads Community
Topic: "The world's largest non-commercial financial forum".
Replies: 29
Views: 2160

Re: Fidelity 1099

There was a wave of very bad reporting - it may have been triggered by the wave of consolidation in the industry and the subsequent business system rationalization. Merrill Lynch had some truly horrendous reporting problems after they merged with BofA. Coincidence? Sometimes the corrections can be a...
by jebmke
Thu Feb 26, 2015 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity 1099
Replies: 7
Views: 562

Re: Fidelity 1099

Next year arrange your tax payments so you owe a bit when you file -- then you won't be in such a hurry to file. :P
by jebmke
Thu Feb 26, 2015 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity 1099
Replies: 7
Views: 562

Re: Fidelity 1099

A lot of institutions get waivers for the deadline and trickle out in late February and early March. The later the better as far as I am concerned. Early brokerage statements are prone to errors. At my Taxaide site we encourage our clients to schedule their appointments for mid-March or later if the...
by jebmke
Thu Feb 26, 2015 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Fidelity 1099
Replies: 7
Views: 562

Re: College tax credit ?

I am resurrecting this thread after reviewing Publication 970 "Tax Benefits for Education" http://www.irs.gov/pub/irs-pdf/p970.pdf If you look at pages 14-16, they describe the un-bundling of scholarship and expenses and provide specific examples. There are criteria that need to be met -- ...
by jebmke
Thu Feb 26, 2015 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: College tax credit ?
Replies: 11
Views: 809

Re: [Protection against fraudulent IRS tax returns]

vitaflo wrote: Paying estimated taxes requires a pin.

No it doesn't. All you need to do is send them a check with your SSN on it and it gets credited to your account.
by jebmke
Wed Feb 25, 2015 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1640

Re: Vanguard brokerage tax forms changed to late Feb. questi

I got Scottrade two weeks ago. Super annoyed with Vanguard regarding this. My husband has a $4000 brokerage account, and that one form is holding up our entire filing - and the $7,000 tax refund we are owed. I've had everything else in TurboTax ready to hit "file" for weeks now. Just out ...
by jebmke
Wed Feb 25, 2015 5:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard brokerage tax forms changed to late Feb. question
Replies: 86
Views: 5747

Re: [Heads up: Lenovo PC security compromised, thanks to adw

I rarely did anything personal at work other than check the weather. When I traveled I had a USB stick with a Linux distro. It actually came in handy for work once when they nuked me out of the global active directory. The only way to get files off my laptop for a meeting was to boot to Linux and pu...
by jebmke
Wed Feb 25, 2015 4:39 pm
 
Forum: Personal Consumer Issues
Topic: [Heads up: Lenovo PC security compromised, thanks to adware]
Replies: 51
Views: 4697

Re: Preventing IRS Fraud

My preference would be to just move the entire filing date out to much later in the year after they have the data to do the matching. When most returns are filed now, the W2s etc are not in their system to validate.
by jebmke
Wed Feb 25, 2015 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1640

Re: Preventing IRS Fraud

the IRS would be crazy to give a filer a 4 (or more) figure estimated tax credit that was not reported on the return. Glenn Why do you believe the IRS would be crazy to correct estimated tax information on a tax return and adjust the amount of refund or taxes owed? What should the IRS do if they de...
by jebmke
Wed Feb 25, 2015 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1640

Re: Preventing IRS Fraud

Every once in a while we get taxpayers come into our TaxAide site and their records/memory is sketchy on estimated payments (especially the 4th quarter for some reason -- I think they get confused about the year). If we file with ES short due to their omission they normally get an adjusted refund by...
by jebmke
Wed Feb 25, 2015 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1640

Re: Form 1116 country of origin

I think the correct answer is RIC, although I don't know the block software specifically. Any chance you don't need to fill out the 1116 at all? If it's dividends below a certain amount, you can skip it. You can only skip 1116 if the foreign tax is < 300 (or 600 MFJ). Form 1116 isn't as complicated...
by jebmke
Wed Feb 25, 2015 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Form 1116 country of origin
Replies: 11
Views: 362

Re: Preventing IRS Fraud

If you paid estimated taxes and forget to include them, the IRS will add those to your return (and increase your refund or lower your balance due) Really! Do you have any personal experience in this regard? I seriously doubt that the IRS would do this for a large estimated tax balance, especially i...
by jebmke
Wed Feb 25, 2015 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1640

Re: Someone Else Filed My Tax Return

I guess the best way to prevent this kind of frauds is for Uncle Sam not to withhold too much tax. Every year we should file a tax form and pay the additional taxes due. That does not help - as in, they are not getting 'your' tax refund, they are simply just creating new numbers and getting a tax r...
by jebmke
Tue Feb 24, 2015 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Someone Else Filed My Tax Return
Replies: 29
Views: 2661

Re: Someone Else Filed My Tax Return

This problem has been discussed on other threads. The root of it is that the IRS does NOT cross-reference and verify your W-2 and/or 1099 income data, even though it would be child's play to design a computer system to do exactly that. When the powers that be MANDATE the IRS to do this before proce...
by jebmke
Tue Feb 24, 2015 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Someone Else Filed My Tax Return
Replies: 29
Views: 2661

Re: Vanguard brokerage tax forms changed to late Feb. questi

Gnirk wrote:I just checked, and our brokerage account 1099 statements are still not available :annoyed

I'm reasonably confident that you will have them by October 15.
by jebmke
Tue Feb 24, 2015 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard brokerage tax forms changed to late Feb. question
Replies: 86
Views: 5747

Re: Please help a recovering paper-statement horder.

.I see no need to save paper confirmations as Vanguard keeps them stored on their servers. The whole idea of a confirmation is to have a document independent of the institutions records. Once time elapses, their records may or may not agree with yours --- if you have any. I keep a screenshot (actua...
by jebmke
Tue Feb 24, 2015 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help a recovering paper-statement horder.
Replies: 21
Views: 1161

Re: Breaking up with USAA--banking alternatives welcomed

I use USAA but only for transactions processing. I've never had a problem with them but I the reason I use them was to get away from B&M and having to deal with humans in a bank. Hold little cash there. I can move money from AMEX Savings to USAA in 24-48 hours so no need to keep cash in a checki...
by jebmke
Tue Feb 24, 2015 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Breaking up with USAA--banking alternatives welcomed
Replies: 15
Views: 1817

Re: Vanguard brokerage tax forms changed to late Feb. questi

Glomar wrote:FYI for those still waiting on Vanguard 1099's: mine finally appeared this afternoon for downloading when I logged into my account.

Mailed ones should be along any day then.
by jebmke
Tue Feb 24, 2015 4:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard brokerage tax forms changed to late Feb. question
Replies: 86
Views: 5747

Re: Moving to Cash?

I'm not a big fan of cash nor of going much less than 35% equity -- obviously depends on your circumstances. I retired in December of 2007 at 55 and have been more or less at 40% equity with little or no cash on hand.
by jebmke
Tue Feb 24, 2015 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: Moving to Cash?
Replies: 24
Views: 1953

Re: Please help a recovering paper-statement horder.

Due to laziness, I have accumulated many years of Vanguard statements. The file cabinet is now bursting at the seams and I need to take action. My thought was to retain copies of confirmations for positions I still hold and throw everything out. Is there anything else I should consider keeping? One...
by jebmke
Tue Feb 24, 2015 3:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help a recovering paper-statement horder.
Replies: 21
Views: 1161

Re: [Heads up: Lenovo PC security compromised, thanks to adw

I was quite pleased with my ThinkPads after several HP laptops that regularly had broken hinges or bad USB ports. I was planning on staying with ThinkPads forever. About the only thing that would get me to buy another Lenovo product is the question of is there anyone out there not contaminated by g...
by jebmke
Tue Feb 24, 2015 2:43 pm
 
Forum: Personal Consumer Issues
Topic: [Heads up: Lenovo PC security compromised, thanks to adware]
Replies: 51
Views: 4697
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