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Re: quick confirmation of last minute tax question, please?

Have you considered an extension (Form 4868) until the amended 1099 arrives?
by john94549
Mon Apr 14, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: quick confirmation of last minute tax question, please?
Replies: 4
Views: 276

Re: Tax audit poll

The funniest "audit" I ever had was back in the early 90's. For some reason, the IRS "re-calculated" our return and determined we had overpaid not by "X", but by "X+Y", and dutifully sent us an additional refund in the amount of "Y". Some months late...
by john94549
Fri Apr 11, 2014 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax audit poll
Replies: 19
Views: 958

Re: Partials vs implants

I have a lower partial that I wore once or twice, then relegated to a drawer in the guest bath. Expensive paper weight, as it were. When I lost two adjacent teeth on the upper right side within the space of two months, I vowed to go the implant route. Having the implant(s) done by my favorite tag-te...
by john94549
Thu Apr 10, 2014 7:30 pm
 
Forum: Personal Consumer Issues
Topic: Partials vs implants
Replies: 27
Views: 2492

Re: Life in the Bay Area and housing costs

Life is full of "ah, well, if only". That modest 1600 square foot house we bought in Sunnyvale in 1973 for $43K is now north of a million, if one believes Zillow. On the other hand, the house we bought in Lafayette in 1978 for $180K, well, add a zero. The irony is, although we'd be tempted...
by john94549
Thu Apr 10, 2014 7:09 pm
 
Forum: Personal Consumer Issues
Topic: Life in the Bay Area and housing costs
Replies: 51
Views: 3084

Re: California Taxes - Am I Missing Something?

Can anyone explain to me how someone with a 2nd quartile income (let's say $50-80K) can actually pay California real estate prices and actually save enough money to call themselves a Boglehead? It seems impossible to me. I see houses in California listed at $2 Million that would go for $200K in Ari...
by john94549
Wed Apr 09, 2014 1:05 am
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7750

Re: California Taxes - Am I Missing Something?

California is reasonable for retirees, so long as you have a home, have lived in it for quite some time, and have a goodly part of your retirement income coming from Social Security. Seriatim, Social Security is not subject to state income tax.* Prop 13 serves to cap retirees' property taxes at mode...
by john94549
Tue Apr 08, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 7750

Re: Buying first home in SF - gut check

In SF, it's clearly the Silicon Valley effect that is driving up property prices for 25-40 miles in a circumfrence of SF. Absolutely. Our daughter and son-in-law are looking to move from a smallish two BR in Alameda to something larger in Lafayette, suitable for a growing family. The prices aren't ...
by john94549
Wed Mar 26, 2014 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 87
Views: 7069

Re: What would a Bogleheads Variable Annuity Look Like?

It is possible to construct a 100% guaranteed (NCUA/FDIC) annuity for a time-certain with IRA CDs from PenFed and StateFarmBank. Here's how: Both PF and SFB allow partial withdrawals with no EWP from IRA CDs for those over 59 1/2. Say you plop $250K in each (IRA money) at 2% (roughly) in 5-year CDs....
by john94549
Wed Mar 12, 2014 9:36 am
 
Forum: Investing - Theory, News & General
Topic: What would a Bogleheads Variable Annuity Look Like?
Replies: 6
Views: 632

OMG, There Goes Coinstar?

I mean, I seriously need to cash in a few decades worth of dumping change in the change bucket. I always assumed Safeway and Coinstar would come to the rescue. Now, Safeway is being sold. Egad! Should I hurry on down to the local Safeway to run my coins through before they yank the machines?
by john94549
Sat Mar 08, 2014 6:06 pm
 
Forum: Personal Consumer Issues
Topic: OMG, There Goes Coinstar?
Replies: 38
Views: 3833

Re: Convenience of savings vs few extra $ of CD's?

Convenience is a factor, to be sure. I've kept our emergency fund in Alliant CU savings just for that reason. Rate's not so hot these days, but I can transfer money from savings to checking on-line, by pressing a button. Then, checks are free. No service charge. Convenience is also a factor with my ...
by john94549
Sat Mar 08, 2014 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convenience of savings vs few extra $ of CD's?
Replies: 11
Views: 842

Re: Air Crash Insurance

madbrain wrote:That's awfully specific insurance!
I believe there is AD&D insurance which fills this need.


Nostalgia. Think DC-3's, the mid-50's, airports with no security, and crash insurance.
by john94549
Sat Mar 08, 2014 2:40 am
 
Forum: Personal Consumer Issues
Topic: Air Crash Insurance
Replies: 15
Views: 1134

Air Crash Insurance

Whatever happened to the air crash insurance industry? When I was a lad, I remember flying on a DC-3 to Omaha from KC, and we bought flight crash insurance from Mutual of Omaha for a buck. The irony was not lost on me. As in, "flying to Omaha?" All those old kiosks. Just a buck. Fill in yo...
by john94549
Sat Mar 08, 2014 2:27 am
 
Forum: Personal Consumer Issues
Topic: Air Crash Insurance
Replies: 15
Views: 1134

Re: Retirees: About your retirement

I grew up loving the study of law. I cannot remember when, in life, I did not want to become a lawyer. I punched all the buttons, then, after thirty years, I discovered the practice of law had become merely a business. I got out when the getting out was good, as it turned out. But, I still pay those...
by john94549
Fri Mar 07, 2014 8:58 pm
 
Forum: Investing - Theory, News & General
Topic: Retirees: About your retirement
Replies: 55
Views: 5493

Re: Two commas...

As sscritic implied, it's the quality of what's "inside" the commas. As in after-tax.

Just a thought.

My mom always kept cash therein. As in greenbacks.
by john94549
Fri Mar 07, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two commas...
Replies: 32
Views: 3199

Gagging on Health Care Stocks?

Mind you, I sold a tad (as in a whole ten shares) of VHT at 110.71, but I am amazed that health care has stumbled the past couple of days. Is this a result of political issues, exogenous events, etc? Just curious.
by john94549
Fri Mar 07, 2014 2:46 pm
 
Forum: Investing - Theory, News & General
Topic: Gagging on Health Care Stocks?
Replies: 12
Views: 1711

Re: 2 Comma Club

Once I hit the "1" two comma club, I realized how much more important the "2" two comma club was. I can't finance the rest of my life on $1M in financial assets, but I can on $2M. Haven't joined that club yet though. Indeed, the two comma club starting with "two". Excl...
by john94549
Fri Mar 07, 2014 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2 Comma Club
Replies: 24
Views: 2816

Re: Dwelling Coverage

Ironically enough, USAA's "computer-driven" cost-of-replacement varied dramatically with what a bank-appointed appraiser concluded, during a re-finance. The appraiser came up with a figure well above what USAA calculated*. The bank required that our insurance be equal to or above the appra...
by john94549
Fri Mar 07, 2014 1:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dwelling Coverage
Replies: 4
Views: 240

Re: Estate Sales

I was a tad disappointed in both the list price and sales price of certain items I regarded as "high-value". I would suggest a "reserve" as a solution. A reserve gives both the seller and the estate sales company a floor on what the seller might regard as true heritage item. The ...
by john94549
Fri Mar 07, 2014 3:46 am
 
Forum: Personal Consumer Issues
Topic: Estate Sales
Replies: 23
Views: 2290

Re: Take SS now or spend down saving & Delay Benefit

You can, of course, take your benefit now. Then in roughly 11 years, your spouse can take a "spousal benefit" on your earnings, while allowing her S/S to click right along. This option, to say the least, is well-known to Bogleheads but a tad arcane to the public-at-large. FWIW, my wife ref...
by john94549
Fri Mar 07, 2014 3:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Take SS now or spend down saving & Delay Benefit
Replies: 12
Views: 1124

Re: Potentially Moving - Sell or Rent current house?

Our kids are "buying new" while holding onto current. No intent to rent. Being the proud owner of two homes (while selling the former abode) seems to be a proud tradition in our family. We (Mom and Dad) did it when buying our current home in Lafayette (back in 1978), our Son did it (twice)...
by john94549
Fri Mar 07, 2014 3:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Potentially Moving - Sell or Rent current house?
Replies: 7
Views: 686

Re: What was your dumbest financial decision?

Not mine but family. In the 1960s, Grandfather sold the two adjacent houses he built on Malibu beach because he couldn't get good TV reception. Of course Sat and Cable TV came along to take care of that problem. I wince every time I drive by. Surprisingly, the two houses have not yet been torn down...
by john94549
Fri Mar 07, 2014 2:04 am
 
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 106
Views: 8339

Re: Your stock/bond mix for those ~20 yrs from retirement

My wife and I are 66. We were comfortably at 60/40 until about age 50, when we began to gradually lighten up to where we wanted to be in retirement (age-in-bonds). I'm retired, wife is still working, but we're happy now with roughly 40/60.* Point being, if you start to shift your AA gradually at age...
by john94549
Thu Mar 06, 2014 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Your stock/bond mix for those ~20 yrs from retirement
Replies: 42
Views: 2791

Re: Replace less than 80% of income in retirement?

Despite the common wisdom, expenses in retirement can well exceed pre-retirement income. The culprit is usually health care expenses not covered by Medicare/Medigap. Long-term care (either in-home or in a facility), assisted living, or just multiple Medicare/Medigap deductibles for "frequent fl...
by john94549
Thu Mar 06, 2014 11:10 pm
 
Forum: Investing - Theory, News & General
Topic: Replace less than 80% of income in retirement?
Replies: 52
Views: 3305

Re: Best funds in my 401k for "dry powder"?

If interest rates spike and stock funds tank, then you'd look like a hero with a chunk in MMF, for re-balancing. Now, if you can predict "whether" and "when" the two events might occur, let us know.
by john94549
Thu Mar 06, 2014 10:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best funds in my 401k for "dry powder"?
Replies: 12
Views: 1034

Re: Bridging from Early Retirement to SS

I saved as much as possible in my practice in the years just before retiring. After maxing out tax-deferred, I bit the bullet, paid the taxes, and had a goodly amount in after-tax cash at age 59 1/2. Then, I retired.
by john94549
Thu Mar 06, 2014 10:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bridging from Early Retirement to SS
Replies: 9
Views: 1482

Re: Insurance for Unoccupied Home

I would suspect that an unoccupied house represents a much different risk to an underwriter, for reasons others have noted. Honesty is always the best policy.
by john94549
Wed Mar 05, 2014 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance for Unoccupied Home
Replies: 13
Views: 542

Re: Duration of CDs

This thread illustrates why I will never understand CDs "101". Hint: I transferred from Econ to Poli Sci many, many, years ago. Bottom line: The wife suggested it would be foolish to cash in a maturing IRA CD. I took her advice. Got the best rate I could, at StateFarmBank. I assume the mon...
by john94549
Mon Mar 03, 2014 9:48 pm
 
Forum: Investing - Theory, News & General
Topic: Duration of CDs
Replies: 40
Views: 1904

Re: reached "my number", struggling with asset allocation

We all appreciate that CDs (especially these days) run a huge risk of losing to inflation. That said, having hit my own "2X" some time ago, inflation risk is somewhat of a lesser evil. So, I keep "age-in-fixed income" with a decided tilt to CDs. As they say "if you've won th...
by john94549
Mon Mar 03, 2014 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: reached "my number", struggling with asset allocation
Replies: 11
Views: 1399

Re: Amtrak across the US?

Reading these posts reminds me of how much fun I had as a kid riding trains. My absolute best experience was with my Boy Scout Troop, circa 1960, going from KC to Taos, New Mexico (for a trek at Philmont). We had so much fun. Less fun: riding the train from KC to Rockford, Illinois. I forget the exa...
by john94549
Mon Mar 03, 2014 2:26 pm
 
Forum: Personal Consumer Issues
Topic: Amtrak across the US?
Replies: 38
Views: 2616

The "Deceased" Stamp

OMG, they finally seemed to have given up. Should have used it immediately.

Ironically, the worst were all the end-of-life MD bills, who (duh?) knew or should have known she was dead. Such bills were, or should have been, to the attention of Medicare or AARP/Medigap.
by john94549
Sun Mar 02, 2014 10:32 pm
 
Forum: Personal Consumer Issues
Topic: The "Deceased" Stamp
Replies: 10
Views: 1079

Re: Amtrak across the US?

My mother-in-law, well before she died, tried Amtrak from San Francisco to Minneapolis. Not saying Amtrak killed her, but close. First off, the train to Seattle was about a day late (she chose not to go via LA, KC, and Chicago, perhaps a bad choice). Then, Amtrak was stalled somewhere in North Whate...
by john94549
Sun Mar 02, 2014 10:22 pm
 
Forum: Personal Consumer Issues
Topic: Amtrak across the US?
Replies: 38
Views: 2616

Re: Duration of CDs

OP, just proves there are certain questions you must never, never, ask. As you'll get more information than any human (other than an Econ grad student) can digest.
by john94549
Sun Mar 02, 2014 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: Duration of CDs
Replies: 40
Views: 1904

Re: Smart way to transfer current mortgage to new house?

Two roadblocks. One, the mortgage is most likely not "assumable." Two, the mortgage applies only to the existing collateral.

Goshamighty, we have a 3.4% mortgage, and are about to pay it off, and I'd love to sell it to the highest bidder.
by john94549
Sun Mar 02, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Smart way to transfer current mortgage to new house?
Replies: 4
Views: 321

Re: Time for a new car?

The agony of choice. Were there but three or four autos from which to choose, I would be a happy camper. Sometimes, I wonder if it were be easier to use a dartboard. My wife assures me I need something "cushy", with nice seats, and a big trunk. Regrettably, such variables don't do well in ...
by john94549
Sun Mar 02, 2014 5:34 pm
 
Forum: Personal Consumer Issues
Topic: Time for a new car?
Replies: 26
Views: 1263

Re: CPA does Trust tax return - can I do the K-1s?

bsteiner, scratching my head as to why you disagree. Got (theoretical) quotes from an estate attorney in Kansas, and the difference was, to put it mildly, shocking. To go through probate, low six figures, for the whole estate.* Since all was in the Trust, the cost was in the low four figures. For mo...
by john94549
Sun Mar 02, 2014 12:31 am
 
Forum: Personal Finance (Not Investing)
Topic: CPA does Trust tax return - can I do the K-1s?
Replies: 15
Views: 617

Re: Best way to safely increase expected returns

Save more, spend less. Works like a charm.
by john94549
Sun Mar 02, 2014 12:08 am
 
Forum: Investing - Theory, News & General
Topic: Best way to safely increase expected returns
Replies: 28
Views: 2133

Re: Duration of CDs

A CD is not affected by fluctuations in interest rates. Brokered CDs aside. If "duration" is defined as the impact of changing interest rates on a fixed-income indebtedness, then, by definition, the duration of a non-brokered CD is zero. But, as you noted, the specter of the EWP looms. Thu...
by john94549
Sun Mar 02, 2014 12:01 am
 
Forum: Investing - Theory, News & General
Topic: Duration of CDs
Replies: 40
Views: 1904

Re: investment property income

Real property transactions involving family members should always be run by your CPA.
by john94549
Sat Mar 01, 2014 11:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: investment property income
Replies: 7
Views: 867

Re: CPA does Trust tax return - can I do the K-1s?

I suspect we can all agree trusts are a fine way to avoid probate expenses, but a major pain when it comes to tax filings.

I'm leaving it all to the CPA.
by john94549
Sat Mar 01, 2014 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPA does Trust tax return - can I do the K-1s?
Replies: 15
Views: 617

Re: What was your dumbest financial decision?

When I was but a lad of eight years or so, back in 1955, I thought stamp collecting would project me into the upper strata of wealthy folks. Wrong. All those stamps I collected, try to use them on envelopes. As they are worth face, or less. My baseball card collection, now, that would have been wort...
by john94549
Sat Mar 01, 2014 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 106
Views: 8339

Re: PenFed 5 yr CD @ 1.75%

Just bought a new issue brokered 10 year CD from Vanguard at 3.4......at first I thought this is crazy but feel pretty good now....peace of mind. I also felt certifiably crazy buying 7-yr and 10-yr CDs some years back. Turns out, the only folks who were crazy were the ones offering the CDs. I still...
by john94549
Sat Mar 01, 2014 7:03 pm
 
Forum: Investing - Theory, News & General
Topic: PenFed 5 yr CD @ 1.75%
Replies: 5
Views: 1178

Re: PenFed 5 yr CD @ 1.75%

Which is why it pays to shop around. The rate leader one month turns into the rate laggard the next.
by john94549
Sat Mar 01, 2014 6:56 pm
 
Forum: Investing - Theory, News & General
Topic: PenFed 5 yr CD @ 1.75%
Replies: 5
Views: 1178

Re: Buying a new house while selling current one

In a fairly-priced market, it is better to own two (at least for a short period) than none. Avail yourself of a modest bridge.

I suspect the "worst-case-scenario" is selling yours, becoming "homeless", as it were, then rushing to buy "whatever".
by john94549
Sat Mar 01, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a new house while selling current one
Replies: 5
Views: 728

Re: AARP Medicare Supplement Ins (United Healthcare

Both before and after my Mom died, I had absolutely no issues with AARP/UNH. I would recommend them totally.

The lady from UNH in Atlanta educated me on "cross-overs", and why I should not pay those pesky doctors' bills.
by john94549
Fri Feb 28, 2014 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: AARP Medicare Supplement Ins (United Healthcare
Replies: 34
Views: 2170

Re: Estate Sales

Stoptothink, you must give the estate sale folks a bit of leeway when it comes to descriptions. A "throwaway" base metal Navy pin given when we were Boy Scouts was listed as "sterling", which, most assuredly, it was not. The folks at the Submarine facility in New London (CT) basi...
by john94549
Fri Feb 28, 2014 10:13 pm
 
Forum: Personal Consumer Issues
Topic: Estate Sales
Replies: 23
Views: 2290

Re: Rental Property Analysis

As an aside, I should elaborate on how one could possibly make money on a rental (i.e., be cash-flow positive) and still be having "losses" to take as against ordinary income. For starters, many rental properties (as ours) don't come anywhere close to being cash-flow positive early on. You...
by john94549
Fri Feb 28, 2014 9:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rental Property Analysis
Replies: 17
Views: 1235

Re: Estate Sales

Abe, the "bottom line" for me was the "clean-out" service, as I absolutely, positively, needed to turn the house over to the buyer by a certain date. Neither he (nor I) could accommodate a two or three month lag-time, while I tried to sell off the "stuff". I did the mat...
by john94549
Fri Feb 28, 2014 4:28 pm
 
Forum: Personal Consumer Issues
Topic: Estate Sales
Replies: 23
Views: 2290

Re: Allan Roth on "Richest Guy in the Graveyard"

Most Bogleheads are going to die with a lot of money, because we plan for 95-98% success rates and 2-4% SWRs My Mom (a true Boglehead, although unaware of it), had a negative SWR until the day she died, at 98 1/2. We kept saying "what are you saving it for?" Even with major in-home health...
by john94549
Fri Feb 28, 2014 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allan Roth on "Richest Guy in the Graveyard"
Replies: 53
Views: 6464

Re: Estate Sales

Freebeer, I had never thought of that, totally weird. But it falls within my paranoia and ultimate distrust of anyone selling anything that does not belong to them.

So, basically, the estate sale folks cart our stuff from location to location, until they sell it?
by john94549
Fri Feb 28, 2014 1:37 am
 
Forum: Personal Consumer Issues
Topic: Estate Sales
Replies: 23
Views: 2290

Re: Do we have enough to retire?

Seriously, this post ranks right up there. Anyone with $3.5 million would not be asking questions.

Troll, anyone?

Last I checked, I had upwards of $5M. And, no, I would not ask for advice herein.
by john94549
Fri Feb 28, 2014 1:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Do we have enough to retire?
Replies: 106
Views: 11949
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