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Re: Help - Am I being stupid?

If you max out your tax advantaged space in 2015, where will you be with respect to your liquid/emergency funds in taxable at the end of the year?
by jebmke
Sun Apr 26, 2015 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help - Am I being stupid?
Replies: 7
Views: 372

Re: HSA Receipt Documentation

Maybe the best way is to just throw everything medical related into a bucket and hope you are never audited - but if you are there's a reasonable amount of documentation to be had provided you have the patience to piece it all back together. I do one reimbursement per year. Simple spreadsheet that ...
by jebmke
Sun Apr 26, 2015 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA Receipt Documentation
Replies: 12
Views: 691

Re: Thinking about a new desktop PC.

I wouldn't let the Win 7 versus Win 8 issue be the primary determinant of which computer you purchase. Microsoft ended mainstream support for Win 7 in January. There are plenty of free software options that will port Win 7 start menu functionality to Win 8. Focus instead on finding the computer tha...
by jebmke
Sun Apr 26, 2015 11:30 am
 
Forum: Personal Consumer Issues
Topic: Thinking about a new desktop PC.
Replies: 13
Views: 511

Re: HSA Receipt Documentation

Spirit Rider wrote:I do not know of, or heard of anyone who was asked to justify HSA withdrawals for qualified medical expenses yet.


Me. I posted right before you.
by jebmke
Sun Apr 26, 2015 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Receipt Documentation
Replies: 12
Views: 691

Re: HSA Receipt Documentation

I'm not sure anyone actually knows for certain. You don't actually ever show the receipts to anyone unless you are audited. You just keep them in case you ever are. This is probably as close as it gets. I was audited (examined is probably the operative word) two years in a row. Once for Schedule A ...
by jebmke
Sun Apr 26, 2015 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: HSA Receipt Documentation
Replies: 12
Views: 691

Re: Your experiences of high inflation periods

I have a clearer memory of the impact on business practices than on my personal finances. During the higher inflation in the late 70s and early 80s I worked for a chemical company. We had to start pricing products based on the market price at the day we delivered (railcar arrived at customer site). ...
by jebmke
Sat Apr 25, 2015 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your experiences of high inflation periods
Replies: 58
Views: 2215

Re: My PC is driving me nuts.

How well do Chromebooks work with older peripherals? I manage a "fleet" of laptops and printers for TaxAide. Many of our printers are older but still quite functional and not about to be replaced. Our tax software is now completely online and this year they finally configured it to work wi...
by jebmke
Sat Apr 25, 2015 7:58 am
 
Forum: Personal Consumer Issues
Topic: My PC is driving me nuts.
Replies: 28
Views: 1743

Re: My PC is driving me nuts.

If I can't get something figured out in about an hour I just reinstall the OS and move along. It isn't a bad idea to reinstall once every year or so anyway. Cleans out a lot of problems.
by jebmke
Fri Apr 24, 2015 4:35 pm
 
Forum: Personal Consumer Issues
Topic: My PC is driving me nuts.
Replies: 28
Views: 1743

Re: A few things

IMHO windows 8.1 is the most awful piece of microsoft garbage since VISTA I use classic shell on 8.1 to get a decent reliable interface. http://www.classicshell.net/ I have 15 of 50 laptops running 8.1 with Classic Shell. Users prefer them to the Windows 7 machines. They boot and shut down much fas...
by jebmke
Fri Apr 24, 2015 3:43 pm
 
Forum: Personal Consumer Issues
Topic: My PC is driving me nuts.
Replies: 28
Views: 1743

Re: As Cogntivity Slips, Financial Skills Often the First to

nisiprius wrote:...no, there is no such word as "cognitivity." Yet.

My local library puts up a cognitivity scene every December.
by jebmke
Fri Apr 24, 2015 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: As Cognition Slips, Financial Skills Often the First to Go
Replies: 22
Views: 1573

Re: As Cogntivity Slips, Financial Skills Often the First to

Beth* wrote:He said he wishes all 65-year-olds would start by simplifying their financial lives, reducing the money clutter to just a few mutual funds at a reputable institution.


No reason to wait until 65 to do this.
by jebmke
Fri Apr 24, 2015 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: As Cognition Slips, Financial Skills Often the First to Go
Replies: 22
Views: 1573

Re: Is tax loss harvesting that powerful ?

Ok so where how is "Substantiality similar positions" defined. There has to be a definition somewhere. I don't think there is. There are a variety of funds that behave quite similar but are not. You can also split a fund like Total stock market and buy a position in S&P 500 and Extend...
by jebmke
Fri Apr 24, 2015 9:42 am
 
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 2870

Re: Vanaguard Account Activity Alerts

I followed the link in the notice and it said that my account was not eligible for alerts. Does it require 2FA?
by jebmke
Fri Apr 24, 2015 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanaguard Account Activity Alerts
Replies: 20
Views: 1512

Re: Anyone Manually Manage Quicken?

I used to. I only use it to keep the cost basis for my taxable investments so it isn't a big deal. As I simplify things I am considering dumping Quicken altogether and just us a spreadsheet.
by jebmke
Thu Apr 23, 2015 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone Manually Manage Quicken?
Replies: 44
Views: 1658

Re: Do you Bogleheads really follow the 3-4% SWR rule?

What are some of the though processes they use please ? I have said before, I know a lot of retirees and not one of them uses a mathematical method to draw from assets. Most use one of the following. Draw as needed using judgement (Taylor uses this method). Some spend their dividends only and have ...
by jebmke
Thu Apr 23, 2015 2:12 pm
 
Forum: Investing - Theory, News & General
Topic: Do you Bogleheads really follow the 3-4% SWR rule?
Replies: 46
Views: 3348

Re: Do you Bogleheads really follow the 3-4% SWR rule?

I have said before, I know a lot of retirees and not one of them uses a mathematical method to draw from assets.
by jebmke
Thu Apr 23, 2015 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: Do you Bogleheads really follow the 3-4% SWR rule?
Replies: 46
Views: 3348

Re: SWR rule and Social Security

SWR is what you are withdrawing from your assets. SS should be an offset to your expenses. Then you can tell if the 3.3% will cover the residual expenses.
by jebmke
Thu Apr 23, 2015 1:06 pm
 
Forum: Investing - Theory, News & General
Topic: SWR rule and Social Security
Replies: 13
Views: 1076

Re: Is tax loss harvesting that powerful ?

How do you guys keep track of the actual amounts to be tax loss harvested? I know VG will send you year end tax docs, but that is only for that year right? There isn't anything on them that is carried forward from the year(s) before is there? Unused realized losses will be on a worksheet that is pr...
by jebmke
Thu Apr 23, 2015 11:56 am
 
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 2870

Re: Is tax loss harvesting that powerful ?

I have been re-balancing tax-free as the market moved up due to heavy losses harvested in '08-09. I'm thinking most of us here are re-balancing in their tax deferred accounts. It lets us hoard that '08-09 loss carryover to use for $3000/year write offs for as long as possible. We didn't have big en...
by jebmke
Thu Apr 23, 2015 11:22 am
 
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 2870

Re: Is tax loss harvesting that powerful ?

So, using stay the course, if the market drops 25% or more do you sell your holdings, and buy back something else that allows you to take advantage of tax loss harvesting ? Yes, but I don't wait for a market level per se. When I had significant losses, I sold. When it went down more, I sold again. ...
by jebmke
Thu Apr 23, 2015 10:52 am
 
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 2870

Re: Is tax loss harvesting that powerful ?

TLHing makes really good sense for funds that in all likelihood will be donated to charity or left to your heirs upon your demise. If you have every intention of selling those funds for living expenses in future years, it makes less good sense. This is because you are lowering your basis in that as...
by jebmke
Thu Apr 23, 2015 10:37 am
 
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 2870

Re: Is tax loss harvesting that powerful ?

I have been re-balancing tax-free as the market moved up due to heavy losses harvested in '08-09.
by jebmke
Thu Apr 23, 2015 10:02 am
 
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 2870

Re: What rate of return do you use when planning for retirem

nisiprius wrote:I think we can hack it if we can just get at least 0% real.

I use 0% real for fixed income. Since our IRAs are all fixed income, it makes it easy to calculate what the RMDs will be (in today's dollars).
by jebmke
Thu Apr 23, 2015 7:27 am
 
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4420

Re: Vanguard Records to Keep

Toons wrote:Nothing,all documents are on their servers if you need them. :happy

Until their aren't.
by jebmke
Wed Apr 22, 2015 3:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Records to Keep
Replies: 8
Views: 967

Re: What rate of return do you use when planning for retirem

So, I understand that Real Return = Nominal Return - Inflation Rate. But how do I use that for projections? Dave's comment of using nominal rates and then using an inflation calculator to project future inflation makes sense to me. When using real return, do I then assume that my projected returns ...
by jebmke
Wed Apr 22, 2015 3:09 pm
 
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4420

Re: TX, MT, CO, and NM Comparative Tax Burden

myrrh wrote:Tax burden shouldn't be the only thing you compare.

As criteria, taxes don't even make my top 5.
by jebmke
Wed Apr 22, 2015 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: TX, MT, CO, and NM Comparative Tax Burden
Replies: 37
Views: 1858

Re: What rate of return do you use when planning for retirem

Only use real rates (~0 for bonds and 4% for equity).
by jebmke
Wed Apr 22, 2015 10:31 am
 
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4420

Re: Budgeting for a Move

Been a while since I moved but when I was working we moved a lot. One thing I learned is to budget something like 5-10% of the cost of the new house for various mods/upgrades/redecorating etc. There is always a surge of spending right after you move into a newly purchased home.
by jebmke
Mon Apr 20, 2015 3:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Budgeting for a Move
Replies: 1
Views: 180

Re: Preparing for the Minimum Required Distribution

I'd be interested in a source as well. My understanding was that the 2014 fix was just a short term patch. That appears to be what the IRS thinks. http://www.irs.gov/uac/New-Law-Renews-IRA-Transfers-to-Charity-for-2014-Owners-Must-Act-by-Dec-31 The Tax Increase Prevention Act extends the provision t...
by jebmke
Mon Apr 20, 2015 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for the Minimum Required Distribution
Replies: 38
Views: 2560

Re: What Guaranteed Return Would You Require to Move All Ass

ResearchMed wrote:At that time, my first mortgage rate was about 17.5%; my money market account was getting about 18%.

I got in at 14%; small bank, held the mortgage. My employer borrowed 15 year debt at 16.75% and we thought it was a good deal at the time.
by jebmke
Sun Apr 19, 2015 4:51 pm
 
Forum: Investing - Theory, News & General
Topic: What Guaranteed Return Would You Require to Move All Assets
Replies: 54
Views: 3143

Re: All-into SCHH?

My thoughts are that many (most?) don't know what SCHH is.
by jebmke
Sun Apr 19, 2015 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: All-into Reit ETF in Roth IRA (SCHH)?
Replies: 17
Views: 739

Re: Work adjustment options

I'd lean toward #4. You can revisit along the way. If you jump to $5, you might not be able to get back to #4. Batch some vacation time to bridge some weeks off, refine your budget (note, health insurance is not the only health care cost), get the debt paid off. If you took this option, what would b...
by jebmke
Sun Apr 19, 2015 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Work adjustment options
Replies: 19
Views: 1405

Re: Coming to terms with low risk tolerance

A period like 2000-2002 I would have had a much harder time handling. There were three straight years of increasingly negative returns (-9.03 in 2000, -11.85 in 2001, -21.97 in 2002 for the S&P 500). To see the stock market drop 22% after previous year drops of 9% and 12% would make me feel hop...
by jebmke
Sun Apr 19, 2015 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Coming to terms with low risk tolerance
Replies: 46
Views: 3447

Re: Mailing tax returns

So do the returns just get scanned and digitized? Mostly scanned. I always assumed it was easier to make a decision at the first pass. The first pass involves checks on SSNs, EINs and a few other things (for example, if a dependent or spouse appears on another return already filed). If it doesn't g...
by jebmke
Sat Apr 18, 2015 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mailing tax returns
Replies: 56
Views: 3761

Re: Mailing tax returns

I know eventually all the information gets stored in computer systems inside the IRS but I hope those machines are not connected to the open internet. They are connected to the internet because that is where they obtain the e-file records. I had to paper file for a few years because of my expatirat...
by jebmke
Sat Apr 18, 2015 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mailing tax returns
Replies: 56
Views: 3761

Re: Stocks are on sale, should I buy?

Long-term investors should remember that stocks are still very close to their all-time highs. Even at it lowest point Friday, the Dow was less than 3% from the record peak it hit in early March. The S&P 500 is under 2% from its high. So it's hardly time for panic button yet. The fundamentals re...
by jebmke
Sat Apr 18, 2015 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 5844

Re: What Is The Worst Car You Have Ever Owned?

Worst was my 1997 Jeep Cherokee. Reliable enough but loud and not very comfortable.

Runner-up - my current 2008 RAV4. Lots of road noise, most uncomfortable driver's seat I've ever had; six recalls so far.
by jebmke
Sat Apr 18, 2015 11:33 am
 
Forum: Personal Consumer Issues
Topic: What Is The Worst Car You Have Ever Owned?
Replies: 39
Views: 1765

Re: Stocks are on sale, should I buy?

Every time you hear about the market dropping (or spiking) go look it up on yahoo finance. Click on the graph of the DOW. Admire the sharp decline. Then click on the 6 month view. Then click on the 1 year view. Then go back to what you were doing prior. 8-) or look at a graph for October, 1987 and ...
by jebmke
Fri Apr 17, 2015 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 5844

Re: Federal Tax Bracket Question

TwoByFour wrote: People often use "tax bracket" as a proxy for income rage

Especially this time of year.
by jebmke
Fri Apr 17, 2015 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Bracket Question
Replies: 27
Views: 2216

Re: Federal Tax Bracket Question

Hello People, Now that april 15 has passed, I was able to get to the IRS website, find the instructions and worksheets for line 44, and do the tax calculation myself. It was reassuring to see that my # matched what our tax preparer came up with! Thanks for shedding some light on the mystery of tax ...
by jebmke
Fri Apr 17, 2015 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Bracket Question
Replies: 27
Views: 2216

Re: HSA in retirement

1. Normally not. You can pay for medicare premiums.
2. As long as you are enrolled in an HSA-qualified HDHP you can continue to contribute (assumes you are not on medicare; if on medicare, cannot contribute).
by jebmke
Thu Apr 16, 2015 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA in retirement
Replies: 10
Views: 636

Re: Friend not filed taxes for years but owes no money

If he meets the minimum filing requirements he needs to file. That may trigger an investigation of his prior years. Whether he files prior or not, he should maintain good records in case he needs to dispute an IRS letter.
by jebmke
Thu Apr 16, 2015 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Friend not filed taxes for years but owes no money
Replies: 15
Views: 1646

Re: Continual Changes to Cost Basis

These are non-covered securities. You can ignore whatever Vanguard shows as the cost basis.
by jebmke
Tue Apr 14, 2015 9:27 am
 
Forum: Investing - Theory, News & General
Topic: Continual Changes to Cost Basis
Replies: 5
Views: 558

Re: Is 2007 Accord 60K mile service worth $300?

Unless your owner's manual states otherwise (or your car has a maintenance minder that throws off a different code): Change the brake fluid every 3 years or 36,000 miles, whichever comes first. Do a 1-time drain and fill of the transmission fluid at 60,000 miles, and then every 30,000 thereafter. O...
by jebmke
Tue Apr 14, 2015 9:11 am
 
Forum: Personal Consumer Issues
Topic: Is 2007 Accord 60K mile service worth $300?
Replies: 54
Views: 4392

Re: Maryland prepares for $200M hit from Supreme Court tax c

runner9 wrote:May this be off topic, against board rules, or unactionable?

Not really actionable. This case has been kicking around for a while. I live in MD also. I think there were several articles in places like WSJ on this -- maybe even my local newspaper. I'm sure it popped on scotusblog.
by jebmke
Tue Apr 14, 2015 8:36 am
 
Forum: Investing - Theory, News & General
Topic: Maryland prepares for $200M hit from Supreme Court tax case
Replies: 4
Views: 787

Re: Prior year HSA question

The software should complete form 8889. You do not need to submit anything to prove you made the contribution unless you get audited.
by jebmke
Mon Apr 13, 2015 8:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prior year HSA question
Replies: 5
Views: 373

Re: Wall Street Banks’ Mutual Funds Can Lag on Returns

I read the article this morning in my print edition. I loved this word salad: “There are many ways to determine the performance of mutual funds, but we choose to consistently focus on figures that we believe most accurately reflect the investment performance that our clients experience,” said David ...
by jebmke
Mon Apr 13, 2015 10:59 am
 
Forum: Investing - Theory, News & General
Topic: Wall Street Banks’ Mutual Funds Can Lag on Returns
Replies: 4
Views: 457

Re: Password manager recommendations?

I use Keepass. The db is in a cloud drive and I can use the andoid version from my phone.
by jebmke
Mon Apr 13, 2015 10:56 am
 
Forum: Personal Consumer Issues
Topic: Password manager recommendations?
Replies: 45
Views: 2557

Re: Record keeping with Excel

I am planning to port my Quicken taxable account detail to Excel this year. The only thing I have used it for lately is maintaining cost basis info for my taxable accounts. My goal has been to simplify things to the point where Quicken is overkill. The only things I need to keep track of now is Equi...
by jebmke
Mon Apr 13, 2015 10:35 am
 
Forum: Investing - Theory, News & General
Topic: Record keeping with Excel
Replies: 19
Views: 1556

Re: How should I name my home Wi-Fi network?

Tell My Wifi Love Her Reminds me of this old joke A man received the following text from his neighbor: I am so sorry Bob...... I've been riddled with guilt and I have to confess. I have been helping myself to your wife, day and night when you're not around...... In fact, probably more than you. I d...
by jebmke
Mon Apr 13, 2015 10:24 am
 
Forum: Personal Consumer Issues
Topic: How should I name my home Wi-Fi network?
Replies: 55
Views: 4517
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