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Re: Help - my IRA got distributed without my instructions

Thanks for the replies, all. This is truly a great community. I have the savings to make up the 4k, so here is my understanding of next steps: 1. deposit the 36k check from the old ira into my account; will they send me some tax document for the withholding? 2. send a 40k check to the new IRA accou...
by jsl11
Sat Aug 23, 2014 2:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help - my IRA got distributed without my instructions
Replies: 5
Views: 337

Re: Help - my IRA got distributed without my instructions

You can, and should do a rollover within 60 days to a new IRA account. However, the old account was 40K, so the new account must also be 40k to avoid taxes and penalties. Accordingly, you need to use the 36K distribution and an additional 4K in other money when you open your new IRA. You can get the...
by jsl11
Sat Aug 23, 2014 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Help - my IRA got distributed without my instructions
Replies: 5
Views: 337

Re: Good place to buy eyeglasses without insurance?

Costco is an excellent place to get good glasses inexpensively. My glasses are bifocals with UV and scratch coatings in titanium frames. The total cost was about $190. My family has bought several pairs over the years and we have always been happy with them.
Jeff
by jsl11
Thu Aug 21, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Good place to buy eyeglasses without insurance?
Replies: 32
Views: 1593

Re: Lipitor at Costco with Membership

Wow I had no idea some meds are free! Why would any co give an Rx for free? It gets you into their store. They will also make you wait for the prescription on the hope that you will do some shopping while you are there waiting. They figure to make more profit on your other purchases than the medici...
by jsl11
Thu Aug 14, 2014 1:25 am
 
Forum: Personal Consumer Issues
Topic: [Low cost] Lipitor
Replies: 13
Views: 1556

Re: 3.3% Vanguard 10 year CD

When comparing a 10-year CD with a 5-year CD, the only question to consider is what would the rate be 5 years from now on a second 5-year CD. If the rate 5 years from now is higher by an amount such that the two 5-year CDs in series is higher than the 10-year CD you can buy now, then the 5-year is b...
by jsl11
Sat Aug 09, 2014 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.3% Vanguard 10 year CD
Replies: 90
Views: 8086

Re: Question re- EE Bonds

Some banks (most?) will redeem them if you have an account. If you do not have an account, the limit is $1000 IIRC. If you cannot find a bank to redeem them, they can be redeemed by mail to the Treasury Dept. The forms and instructions are on http://www.savingsbonds.gov. However, if they are earning...
by jsl11
Fri Aug 08, 2014 2:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Question re- EE Bonds
Replies: 18
Views: 1621

Re: What Used Car Should I Get for <10K

The current new Camry is a 14.5 model. It is the same as the 14, except they made the backup camera standard. For 20K, you should be able to find a new 14 if they are still around. Also, if you can wait a few months, the 15's will be out, and you should be able to get a good price on a 14.5.
Jeff
by jsl11
Thu Aug 07, 2014 10:41 am
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2452

Re: What Used Car Should I Get for <10K

dickenjb wrote:Spend 16K and get a low mileage 2011 Camry. That gets you the latest safety features including Electronic Stability Control (estimated to save more lives than seatbelts!) and side curtain airbags.

The 2010 Camry is almost indistinguishable from the 2011 model.
Jeff
by jsl11
Wed Aug 06, 2014 4:55 pm
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2452

Re: What Used Car Should I Get for <10K

Pick up a Consumer's Reports car buying guide at the mag stand. Reliability is compiled from an annual survey (I participate each year). A quick summary: late model Accord or Camry as mentioned above. They are the leaders in the mid-sized sedans for good reason, but the CR guide provides year speci...
by jsl11
Wed Aug 06, 2014 2:06 pm
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2452

Re: NE Ohio (Cleveland Area) Master Thread

The meetings run from 10:00 AM to roughly noon.
Jeff
by jsl11
Tue Aug 05, 2014 11:21 am
 
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 18
Views: 2212

Re: Planning for Minimum Required Distributions

Also please do not plan to withdraw 3.6%, but rather take the sum of the 12/31/2014 FMV's of your two IRA's and divide by 27.4 It is actually more like 3.65% but the only approved method is to divide by the divisor. Any amounts not distributed will be penalized at 50%. Amen to that. The rules say t...
by jsl11
Tue Aug 05, 2014 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Planning for Minimum Required Distributions
Replies: 12
Views: 572

Re: High School Reunions--Have you attended?

I have attended several reunions over the years, and they were fun and interesting, but nothing really special. However, while I was in high school, I played in the band and orchestra. A few years ago, my classmates organized an instrumental music department reunion. Although this included roughly 1...
by jsl11
Mon Aug 04, 2014 2:10 am
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5059

Re: Do I need umbrella insurance?

This seems illogical. Why wouldn't they sell to someone with little exposure to liability? Because it doesn't sound like the OP has primary liability insurance in his name which is generally how umbrella works. It would seem that he would need to also have renter's insurance on his belongings. That...
by jsl11
Sat Aug 02, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 24
Views: 2673

Re: Sam's Club Mastercard Deal

I have Costco but got the sam's groupon deal last week.. since I needed tire repair in the tires I bought from Sam's a few years ago. Thinking about this card as well. Does anyone know if Costco amex will be matched to something similar? 5% back on gas is hard to say no to, especially at Sams. I ge...
by jsl11
Fri Aug 01, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: Sam's Club Mastercard Deal
Replies: 7
Views: 728

Re: Quick question on Credit Card Interest

Thx for the replies. I called them and figured it out. Essentially I'm paying off the prior months purchases so buying stuff in august won't incur me interest This true only if your previous month balance was also paid in full. Once you have an unpaid balance, they calculate interest on an the aver...
by jsl11
Thu Jul 31, 2014 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quick question on Credit Card Interest
Replies: 10
Views: 921

Re: state income tax withheld from IRA distribution?

I do not believe it is that expensive when the mechanism is already in place. All Vanguard would need is an account number to transfer into for each state, and the taxpayer ID number to credit the proper account. Vanguard already has our taxpayer ID numbers. Accordingly, it would be just a simple ch...
by jsl11
Wed Jul 30, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 1886

Re: Wise to split $$ between Vanguard and advisor?

It seems that you are mixing investment management and financial planning. These are two different things. Why not consider Vanguard for investment management, and get financial planning from a financial planner who does not invest the money. The financial planner could be on retainer, or could be p...
by jsl11
Wed Jul 30, 2014 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Wise to split $$ between Vanguard and advisor?
Replies: 38
Views: 2293

Re: state income tax withheld from IRA distribution?

Vanguard will not withhold income tax for Ohio. If I make an IRA withdrawal, I must make other arrangements to pay the tax. It is an inconvenience, and I have asked them to change the policy. So far, they have not. Jeff Yes, Ohio is one of the states subject to the fifth rule, i.e., it is not liste...
by jsl11
Wed Jul 30, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 1886

Re: state income tax withheld from IRA distribution?

Vanguard will not withhold income tax for Ohio. If I make an IRA withdrawal, I must make other arrangements to pay the tax. It is an inconvenience, and I have asked them to change the policy. So far, they have not.
Jeff
by jsl11
Wed Jul 30, 2014 1:04 am
 
Forum: Personal Finance (Not Investing)
Topic: state income tax withheld from IRA distribution?
Replies: 44
Views: 1886

Re: Which is King: Income Stream or $ Invested

I would suggest that the answer is "some of each". Having a guaranteed income stream is important, but it is not the only thing. Having total return on investments is important as well (inflation hedge, etc.). As in most investing considerations, diversification is a good thing.
Jeff
by jsl11
Tue Jul 29, 2014 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: Which is King: Income Stream or $ Invested
Replies: 52
Views: 4577

Re: How does car trade-in works?

Trade in prices can vary considerably. The last time I traded in a car, I traded in a Toyota. The Toyota dealer gave me a much better price than the Honda dealer. It all depends on how much they like your car. My car was an older one in nice shape. The Toyota dealer could put it on his lot. The Hond...
by jsl11
Tue Jul 29, 2014 1:51 pm
 
Forum: Personal Consumer Issues
Topic: How does car trade-in work?
Replies: 71
Views: 4381

Re: Cell phone control devices for teen drivers?

Unfortunately my daughter is one of those scatter-brained kids who lives with her cell phone surgically attached. If this is the case, she should not be driving a car. One solution would be that you keep her cell phone when she drives. Trade the car keys for the phone. When she gets back, and gives...
by jsl11
Tue Jul 29, 2014 2:34 am
 
Forum: Personal Consumer Issues
Topic: Cell phone control devices for teen drivers?
Replies: 36
Views: 1691

Re: Can this be done? Does it make sense?

TIRA withdrawals are taxable for the year they are withdrawn. You cannot withdraw in one year and pay tax on it for some other year.
Jeff
by jsl11
Mon Jul 28, 2014 8:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can this be done? Does it make sense?
Replies: 4
Views: 875

Re: Paycheck division/saving for yearly expenses & contribut

Here is a simple system that I have used based on 24 pay checks per year: 1. All pay checks on direct deposit into checking account. 2. Add up all annual and semiannual amounts, divide by 24, and put this amount into a separate account each payday. This could be automated. 3. The remaining money in ...
by jsl11
Sat Jul 26, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paycheck division/saving for yearly expenses & contributions
Replies: 10
Views: 1243

Re: Mileage Reimbursement or Company Car?

Make sure your insurance covers you for business driving in either case. Without additional coverage, your insurance may not cover that much business driving.
Jeff
by jsl11
Sat Jul 26, 2014 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Mileage Reimbursement or Company Car?
Replies: 17
Views: 1015

Re: Whats a Better Lot in a Tract Home Neighborhood?

In my development, the houses with walkout basements were categorized as being on "premium lots" and the developer priced them higher than the others.
Jeff
by jsl11
Fri Jul 25, 2014 9:15 pm
 
Forum: Personal Consumer Issues
Topic: Whats a Better Lot in a Tract Home Neighborhood?
Replies: 31
Views: 2229

Re: Can I buy insurance against bank failure?

IIRC, the FDIC insurance provides 250K coverage to each POD beneficiary listed on an account. Accordingly, if you named 3 POD beneficiaries, you would have 750K at that bank. Similarly, 4 beneficiaries would give you 1MM coverage, etc. Check the FDIC rules to make sure this is correct. If it is, tha...
by jsl11
Thu Jul 24, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I buy insurance against bank failure?
Replies: 12
Views: 994

Re: Vanguard Portfolio Watch issue

Portfolio Watch is inaccurate on the holdings of Vanguard funds. They cannot blame Morningstar or anyone else. It is a problem that Vanguard just does not care to address. It has been this way for a long time.
Jeff
by jsl11
Thu Jul 24, 2014 1:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio Watch issue
Replies: 8
Views: 794

Re: Vanguard Portfolio Watch issue

You need to be careful using the analysis in Portfolio Watch. It is not accurate. For example, it will show foreign stocks only if they are in an international fund. If a nominally domestic fund has international holdings, those holdings do not show up in Portfolio Watch, even if they are a substant...
by jsl11
Wed Jul 23, 2014 2:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Portfolio Watch issue
Replies: 8
Views: 794

Re: Need advice re hearing aid for small child

Try contacting your local public school district. They may (should?) have an educational audiologist on staff. That person would be able to refer you to someone who is good for working with children.
Jeff
by jsl11
Mon Jul 21, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Need advice re hearing aid for small child
Replies: 22
Views: 1342

Re: If interest rates would ever reach double digits again

The really crummy thing about being in a high interest rate/high inflation environment is that you pay taxes on the nominal gains. Better to make 6% with 3% inflation than 15% with 12% inflation. If your tax rate is 33%, you're making 1% real in a low interest rate environment but -2% real in a hig...
by jsl11
Sat Jul 19, 2014 12:46 am
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3055

Re: retirement fund or college fund?

Costs should not be that high at a public university. Keep in mind that there are no scholarships for retirement.
Jeff
by jsl11
Thu Jul 17, 2014 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: retirement fund or college fund?
Replies: 15
Views: 885

Re: If interest rates would ever reach double digits again

When interest rates were that high, stock prices were very low. Thus, it was not a good time to sell stocks. In addition, the gains in stocks since that time have been higher (I believe) than if the money was invested in bonds.
Jeff
by jsl11
Thu Jul 17, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3055

Re: Unique situation

Since you have a dependent, you should buy some term life insurance, if you do not already have it. Since you are young, it probably will be inexpensive. You should also buy disability insurance, if they will sell it to you. You want to provide for your child if you are disabled or if you should die...
by jsl11
Mon Jul 14, 2014 1:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Unique situation
Replies: 17
Views: 2781

Re: Money Purchase to 401k

If 19K per year does not sound significant, ask them to think about 10 years of such charges. That would be 190K plus the growth of those annual amounts. You can choose an estimated return and run a quick spread sheet to see how it comes out. After only 10 years, it should be somewhere around a quar...
by jsl11
Sat Jul 12, 2014 6:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Money Purchase to 401k
Replies: 5
Views: 736

Re: Car did not start: To dispose? How?

A few words about auto batteries: 1. They normally last 3 to 6 years (more or less) depending on the quality of the battery, the way it is used, and the number of miles it sees. It is a good idea to replace it before it causes problems, because you will need to replace it anyway. If you do it before...
by jsl11
Sat Jul 12, 2014 1:19 am
 
Forum: Personal Consumer Issues
Topic: Car did not start: To dispose? How?
Replies: 70
Views: 5603

Re: Who to contact for RMD strategy?

I have been using 26.5 years at age 70 or 3.8% RMD for a couple. Both age 70. I like your number better but all the data I find shows 26.5 or 3.8% Can comment on where your number comes from . Thanks Dan Whether you use the divisor for 70 or 71 depends on your age at the end of the year you turn 70...
by jsl11
Fri Jun 27, 2014 10:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who to contact for RMD strategy?
Replies: 18
Views: 1430

Re: Best Road Trip Vehicle

We are experienced road travelers. We have travelled all over the US in 4-cylinder Toyota Camrys. They are comfortable, quiet, reliable, large enough, and economical. Normal highway gas mileage is about 35 mpg. If you drive a little slower, you can approach 40 mpg.
Jeff
by jsl11
Thu Jun 26, 2014 12:35 pm
 
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 2786

Re: Keeping mold out of bath/shower

I would clean the tiles with bleach, and replace the sealant. Once it is mold free, you should be able to keep it that way by drying the area after each shower or bath.
Jeff
by jsl11
Wed Jun 25, 2014 4:36 pm
 
Forum: Personal Consumer Issues
Topic: Keeping mold out of bath/shower
Replies: 27
Views: 2292

Re: I Bonds 5.27% interest

At current fixed rates of 0.1%, I do not understand the love I bonds receive today. Can someone enlighten? If the the idea is these are cash replacement/savings account with inflation protection, I can understand. Is it purely to counter 1980's style inflation risk? On the returns side, I don't see...
by jsl11
Sun Jun 22, 2014 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: I Bonds 5.27% interest
Replies: 33
Views: 3695

Re: Riding a bicycle east from Cleveland

Aha, I just had an idea! The hotels that I'm thinking of are all on the west side of I-271, along a sort of frontage drive. From there, ride north a short distance along Enterprise Place and Science Park Drive (you'll see them on Google Maps) to South Woodland Road, then turn east. South Woodland i...
by jsl11
Sun Jun 22, 2014 3:12 pm
 
Forum: Personal Consumer Issues
Topic: Riding a bicycle east from Cleveland
Replies: 26
Views: 1316

Re: S&P 500 increased... my daily balance decreased?

This is a great and knowledgeable community, thank you for your time and patience. For further clarification, I received a dividend for 1.697 500 Index Fund Adm at $181.01... this dividend increases the total amount of stock i own by 1.679, however doesn't appear to increase my overall balance? I w...
by jsl11
Sat Jun 21, 2014 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: S&P 500 increased... my daily balance decreased?
Replies: 28
Views: 2565

Re: Riding a bicycle east from Cleveland

You should be aware that the Cleveland airport is located southwest of the city. This means that you will be riding through a large busy metropolitan area, before you get to anything rural. Within the city, all you have are busy streets and freeways. Neither would seem to be ideal for bike riding. Y...
by jsl11
Sat Jun 21, 2014 5:28 pm
 
Forum: Personal Consumer Issues
Topic: Riding a bicycle east from Cleveland
Replies: 26
Views: 1316

Re: water bottles and road trip

For road trips, we take a small cooler in the car. In addition to drinks, we take sandwiches for lunches. It saves time and we don't need to worry about finding a place to eat. For dinner, we stop in cities and have a nice meal at a decent restaurant.
Jeff
by jsl11
Sat Jun 21, 2014 1:21 pm
 
Forum: Personal Consumer Issues
Topic: water bottles and road trip
Replies: 32
Views: 1838

Re: New water heater needed - local plumber or Home Depot, L

My gas water heater stopped working. I relit the pilot light after several attempts. It went out by the next morning. I went to Home Depot, but they do not have an installation agreement with a plumber at present. So I drove to Lowe's, and purchased a Whirlpool. I am waiting to hear from the instal...
by jsl11
Fri Jun 20, 2014 10:59 am
 
Forum: Personal Consumer Issues
Topic: New water heater needed - local plumber or Home Depot, Lowes
Replies: 43
Views: 4331

Re: is it normal to have more in your taxable accounts

There is no "normal". What is right for you depends on your situation, and the retirement vehicles available to you. The largest retirement account for most people would be their 401k account. If you do not have access to one, your ability to have tax deferred retirement money may be restr...
by jsl11
Thu Jun 19, 2014 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: is it normal to have more in your taxable accounts
Replies: 25
Views: 1710

Contributions

I want to make some charitable contributions this year. My preferred method, would be to use a QCD from my IRA account. However, that law has not been reinstated for this year. My second choice method would be to donate appreciated securities. I will use one of these two methods. However, since the ...
by jsl11
Wed Jun 18, 2014 6:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Contributions
Replies: 3
Views: 316

Re: The Death of Savings Bonds

Phineas J. Whoopee wrote:But no back door, stealthy attempt to kill them is necessary to end the program.

There might be political reasons not to actually kill it off, but to let it die by itself.
Jeff
by jsl11
Tue Jun 17, 2014 3:52 pm
 
Forum: Investing - Theory, News & General
Topic: The Death of Savings Bonds
Replies: 33
Views: 3529

Re: USBank/IBonds/medallion Stamp

Perhaps the medallion is the only signature guarantee they have.
Jeff
by jsl11
Tue Jun 17, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: USBank/IBonds/medallion Stamp
Replies: 9
Views: 674

Re: How to notify Local Chapter members?

The leader of our local group collects the email addresses of those who are interested. These are used for group notices.
Jeff
by jsl11
Tue Jun 17, 2014 3:39 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: How to notify Local Chapter members?
Replies: 3
Views: 409
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