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Re: Mailing tax returns

I'm getting all nostalgic here :D and wondering if tv news still has a story each April 15th with video of people driving by the post office and handing their tax envelopes to postal employees at midnight. I got rid of my tv a few years ago, so I have no way of knowing if this still goes on now tha...
by prudent
Sat Apr 18, 2015 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mailing tax returns
Replies: 53
Views: 3263

Re: Still having a hard time on retiring

The job I have is the only job I have ever had and started as a young man so I do have a lot of loyalty to this place. I want to retire when I still love my job, have to energy to be there, and have the passion for the job. I want to leave at my peak not when I hate the place. Everything I read is ...
by prudent
Sat Apr 18, 2015 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 31
Views: 3451

Re: Collecting: A Hobby First, Investment Second

What I've learned about collectibles is this: Collectors who are passionate about their field, study it, learn about it and make connections can do quite well (which I define as breakeven or better). If you can pursue any hobby and not only reap the benefits of enjoying that hobby, enjoying what you...
by prudent
Fri Apr 17, 2015 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: Collecting: A Hobby First, Investment Second
Replies: 27
Views: 2184

Re: Broker Fraud

I wonder if he targeted less-sophisticated clients - changing their address in the JPM system to an address he controlled, then sending out phony statements the clients wouldn't detect. Any client who would have checked their account online would immediately know something was up, so he must have be...
by prudent
Fri Apr 17, 2015 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: Broker Fraud
Replies: 6
Views: 718

Re: How to (diplomatically) challenge wife's active mgmt fun

If you save 1% in fees on the 2% of assets at W&R, that's $1 a year for every $5,000 of assets. I would let it go.
by prudent
Thu Apr 16, 2015 5:59 am
 
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 87
Views: 4542

Re: Different IRA Beneficiaries on Different Accounts Disall

I can see both sides of this. The owner wants all the flexibility allowed by law, and the custodian isn't willing to be in the middle of an conceivably arduous and painful settlement process.
by prudent
Wed Apr 15, 2015 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Different IRA Beneficiaries on Different Accounts Disallowed
Replies: 8
Views: 1029

Re: New member here, got some questions!

The problem with get rich quick is it requires taking on excessive risk. And excessive risk, more often than not, leads to losses and not huge gains. I doubt this is the forum to advise you how to become a millionaire in 6 years. And if you find someone who does hand you such a strategy (*cough* mul...
by prudent
Mon Apr 13, 2015 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: New member here, got some questions!
Replies: 14
Views: 967

Re: are investor advisor fee tax deductable?

Yes, to the extent they exceed 2% of your AGI, and possibly adjusted for how much tax-exempt income is related.
by prudent
Sun Apr 12, 2015 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: are investor advisor fee tax deductable?
Replies: 1
Views: 222

Re: Experience with Apple Pay?

Do you have to unlock the phone and navigate to/open a particular app to pay with Apple Pay? Or do you just pull out the phone and put it next to the sensor?
by prudent
Sat Apr 11, 2015 8:27 pm
 
Forum: Personal Consumer Issues
Topic: Experience with Apple Pay?
Replies: 32
Views: 2385

Re: Mailing tax returns

I would gladly e-file my state return but I won't pay a fee to do it.
by prudent
Sat Apr 11, 2015 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mailing tax returns
Replies: 53
Views: 3263

Re: Stop contributing, and cash out your 401

Sounds like something an insurance salesperson would recommend. "Take your money from the other guys and give it to me!"
by prudent
Sat Apr 11, 2015 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: Stop contributing, and cash out your 401
Replies: 16
Views: 2768

Re: VBTLX questions

Are you re-evaluating based on a couple of months?
by prudent
Sat Apr 11, 2015 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: VBTLX questions
Replies: 6
Views: 725

Re: regret and depression...how to deal with it

I agree with HoosierJim. You think you made one screw-up? You made THOUSANDS of wrong decisions, just like we all have . You didn't buy Apple, you didn't buy Tesla, you didn't buy put options on Lehman Brothers before they folded, and on and on. Heck, you didn't buy put options on Lehman Brothers an...
by prudent
Sat Apr 11, 2015 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 65
Views: 4949

Re: Another new two comma club member

Congratulations on your accomplishment!
by prudent
Sat Apr 11, 2015 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another new two comma club member
Replies: 13
Views: 1618

Re: HR error- Highly compensated employee status

Sorry it didn't work out. I really thought the company would step up in some way even if it wasn't to strictly correct the match.
by prudent
Sat Apr 11, 2015 9:58 am
 
Forum: Personal Finance (Not Investing)
Topic: HR error- Highly compensated employee status
Replies: 11
Views: 1266

Re: Two Comma Club

Congrats! It is a meaningful milestone. And I think it's great that people can share here because as was said, you can't (or maybe more accurate for Bogleheads, "won't") run out into the street and tell everyone. For anyone who didn't have money dumped in his/her lap, it's something you ca...
by prudent
Fri Apr 10, 2015 8:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 64
Views: 7972

Re: Poll: What is the credit limit of your credit card?

One issue I didn't see mentioned is that each bank has its own criteria and methods of giving credit limits. Some are stingy, others are generous. It's a waste of time to chase a large limit from a stingy issuer. Also, once you get a large limit, other issuers are more likely to give you large limit...
by prudent
Thu Apr 09, 2015 6:52 pm
 
Forum: Personal Consumer Issues
Topic: Poll: What is the credit limit of your credit card?
Replies: 56
Views: 3399

Re: EmergDoc on the James Lange Program

I guess Lange's show is syndicated? He's local to me and I didn't know it had a wider audience than our local radio station that broadcasts it. It was cool tuning in when I heard that show a couple weeks ago and hearing that EmergDoc was the guest.
by prudent
Tue Apr 07, 2015 8:35 pm
 
Forum: Investing - Theory, News & General
Topic: EmergDoc on the James Lange Program
Replies: 17
Views: 3314

Re: An Easter/tax season thank you

I remember your earlier discussion. Very happy for you that things are better.
by prudent
Sun Apr 05, 2015 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: An Easter/tax season thank you
Replies: 4
Views: 727

Re: Is CitiBank a Good Company to Do Business With?

The only relationship I have with Citi is through multiple credit cards and I've never had a problem. I love their Virtual Account Number feature and use it for every online purchase. I make purchases, pay the bill when due, it works.
by prudent
Sun Apr 05, 2015 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is CitiBank a Good Company to Do Business With?
Replies: 12
Views: 1156

Re: HR error- Highly compensated employee status

I would write a letter to the head of HR that cites their erroneous information about her not being an HCE and clearly demonstrates how you would have been able to earn an additional $1200 match. And I would ask for them to contribute that additional matching to her 401k since you believed you could...
by prudent
Sat Apr 04, 2015 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: HR error- Highly compensated employee status
Replies: 11
Views: 1266

Re: Tax Question

Don't know what state you're in, but see this link https://www.optumhealthfinancial.com/in ... formation/

and it lists what states with income taxes either tax or don't tax HSA contributions.
by prudent
Thu Apr 02, 2015 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question
Replies: 5
Views: 512

Re: Best Way to Visualize Compounding

I tell our new hires the story in this link (early vs late saver) and it usually gets the point across (even if they don't take appropriate action). http://www.sherwood-investments.com/newsletter/Power%20of%20Saving%20Early.pdf Synopsis: Person A saves from ages 20-30 and stops. Person B starts at 3...
by prudent
Mon Mar 30, 2015 6:50 am
 
Forum: Investing - Theory, News & General
Topic: Best Way to Visualize Compounding
Replies: 40
Views: 3318

Re: Economics of climbing the ladder - experiences requested

Earlier in my career, I gave some serious thought to next steps. I didn't want to relocate and I didn't want to travel more than a couple times a year as I'm involved in a lot of non-work activities that are important to me. I didn't want to be in a high-stress position, need to answer email at 10PM...
by prudent
Sat Mar 28, 2015 8:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Economics of climbing the ladder - experiences requested!
Replies: 29
Views: 3712

Re: What do you think of storage sheds as an investment?

Around this part of Central Texas there are a bazillion self-storage businesses. Mostly they are self-serve fenced operations where the renters get a gate code to get into the complex. I expect vacancy rates are pretty high, at least seemed to be when I used one temporarily during a move. What seem...
by prudent
Wed Mar 25, 2015 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do you think of storage sheds as an investment?
Replies: 38
Views: 3450

Re: Vanguard HealthCare Fund

Mrs.Feeley wrote:
jay22 wrote:I am guessing this won't be a good fund to hold in your taxable?


Last year the fund threw off capital gains of approx. 9 percent of one's holdings in the fund.


Whoa, that's pretty big.
by prudent
Wed Mar 25, 2015 6:24 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard HealthCare Fund
Replies: 68
Views: 6090

Re: New washing machine won't fit down basement steps.

In regards to Speed Queen - all of my washer/dryer research, much of it on GardenWeb, places Miele as the #1 brand, with Speed Queen coming in 2nd. If you can afford either of them (and can deal with the utilitarian look/functions of SpeedQueen). That said, look at what Bosch is offering (sold at L...
by prudent
Tue Mar 24, 2015 2:22 pm
 
Forum: Personal Consumer Issues
Topic: New washing machine won't fit down basement steps.
Replies: 32
Views: 2956

Re: What do you think of storage sheds as an investment?

I'm good at thinking up ways things can go wrong, although not as good at evaluating the odds of them happening. Units being vandalized due to lack of controlled access Non-paying renters mean lots of legal crap to repo their unit and auction the contents. Units infested by rodents Competing storage...
by prudent
Tue Mar 24, 2015 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do you think of storage sheds as an investment?
Replies: 38
Views: 3450

Re: Choosing an accountant

I would not expect you'll be able to do any interviewing now, this close to Tax Day. Nobody is going to have time to spare. Like NOVACPA said.
by prudent
Tue Mar 24, 2015 8:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Choosing an accountant
Replies: 5
Views: 486

Re: 403b taxes due after death

Agree with Gronnie. Spend it all. If the estate has no money left to pay taxes or any other debts, then those obligations don't get paid. They can't go after anyone else.
by prudent
Mon Mar 23, 2015 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: 403b taxes due after death
Replies: 5
Views: 456

Re: Sell farmland or keep?

The land is netting you about 1.4% of an assumed $217K value. Even at wheat's all-time high, it would be only about double that. You mentioned a lot of detail about the farming economics but it doesn't amount to that much return it seems to me. Is an appraisal of farmland the same as estimating the ...
by prudent
Mon Mar 23, 2015 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sell farmland or keep?
Replies: 16
Views: 1402

Re: Bypass High Yield Checking/Savings Monthly Transactions

Is it possible to set up multiple small payments to various utilities?
by prudent
Mon Mar 23, 2015 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bypass High Yield Checking/Savings Monthly Transactions
Replies: 5
Views: 717

Re: Best Bank for Checking Account

"Best" for you is probably not best for me. It depends on what you want from a bank. I belong to a credit union that has no minimum, no service charge, and no catch. But there are lots of other things I want that they don't have (like mobile check deposit), so they aren't my main bank. I c...
by prudent
Mon Mar 23, 2015 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2641

Re: Urgent Care Centers - When should they be used?

The urgent care place near me is staffed by MDs. Have been there 3 times - to have something removed from my eye, to have a cyst drained after it started to bleed, and to see if I had broken my finger or if it was just a sprain. I was very pleased. I was seen in under a half-hour each time vs. what ...
by prudent
Sun Mar 22, 2015 3:49 pm
 
Forum: Personal Consumer Issues
Topic: Urgent Care Centers - When should they be used?
Replies: 45
Views: 3721

Re: Restaurant tipping

I make adjustments for the type of restaurant. If it's an upscale place and service is downright poor (i.e. the server is the problem), then 10% at most. At a casual place, I still leave generally 20% for so-so service as my expectations aren't as high. There have been times I've had slow service in...
by prudent
Sat Mar 21, 2015 8:43 am
 
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 12122

Re: Filed my 2014 taxes in February - then I bought a house.

I can't think of any situation where your 2014 taxes would be affected by buying a home in 2015.

You may want to look into whether the mortgage interest deduction you will be claiming next year might indicate a change in your withholding rate through the rest of this year.
by prudent
Thu Mar 19, 2015 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Filed my 2014 taxes in February - then I bought a house...
Replies: 5
Views: 542

Re: Advice for good friend

IMHO step number one is to verify that they receive all statements directly from the custodians/banks who hold the money. Not from the advisor, who would have the opportunity to manipulate them. I can't even believe someone who is capable of holding a job, driving a car, and managing a home would al...
by prudent
Thu Mar 19, 2015 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for good friend
Replies: 38
Views: 3391

Re: Observations from a first time poster, long time reader.

Welcome, Sharpematt! I agree with previous comments that it's valuable to have financial pros participate here. The covered call strategy is not something I do, but I don't disagree that it might make sense for certain individuals. For me it would take more time than I care to spend, for others not ...
by prudent
Wed Mar 18, 2015 5:34 am
 
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 16894

Re: Credit Report Very Low For No Reason? Fixing it?

My guess is if your recent history only contains credit cards and you have a lot of available credit, it's a bad combination. Income and net-worth are not factored into credit scores so all they see is plenty of existing unsecured credit which at anytime you could decide to charge it all at once an...
by prudent
Tue Mar 17, 2015 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Credit Report Very Low For No Reason? Fixing it?
Replies: 60
Views: 3299

Re: [Poll] How long did you hold primary residence mortgage?

21 years. Started paying extra from the start, but then my wife wanted to retire from her job so we had to cut the amount of the extra payments.
by prudent
Tue Mar 17, 2015 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] How long did you hold primary residence mortgage?
Replies: 34
Views: 2791

Re: Credit Report Very Low For No Reason? Fixing it?

Ideally here are the things you need to do to get a perfect credit score: 4. You want to have over 25 different credit accounts (past and present count). Dang!... Really?! :shock: I am not doubting it... just that one really surprised me. Giving a quick thought to my own history, I suppose I may be...
by prudent
Mon Mar 16, 2015 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Credit Report Very Low For No Reason? Fixing it?
Replies: 60
Views: 3299

Re: Credit Report Very Low For No Reason? Fixing it?

Look, your 550 score isn't because of utilization. And you're not going to get a big rebound in 1-2 months IF the reason your score is low is because of negative information on your reports. I don't think even two late payments can drag a score down that low. A large amount of unused credit isn't t...
by prudent
Mon Mar 16, 2015 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Credit Report Very Low For No Reason? Fixing it?
Replies: 60
Views: 3299

Re: Steering family away from costly Financial Adviser or MY

Boy, this reminded me of a situation from a couple years ago. My wife's close friend inherited an IRA. She turned it over to an advisor who was a friend of hers. Later she asked me to review her holdings and let her know what I thought, and I asked for all 8 months of statements so I could see thing...
by prudent
Mon Mar 16, 2015 11:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Steering family away from costly Financial Adviser or MYOB?
Replies: 28
Views: 2312

Re: Credit Report Very Low For No Reason? Fixing it?

After re-reading this, am I right in concluding your score dropped from 650 to 550 ? OK, 550 is in the range of "deadbeat". That's serious, to the point where your other creditors may start cancelling credit lines proactively. Urgent that you get all three reports from annualcreditreport.c...
by prudent
Mon Mar 16, 2015 7:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Credit Report Very Low For No Reason? Fixing it?
Replies: 60
Views: 3299

Re: Best source for US mint silver proof sets from 2000?

APMEX is fine for stuff like that. You might want to give your local dealer a shot to see if they will match APMEX's prices with shipping factored in. A lot of dealers are swimming in proof sets and might cut a bit of a deal for a sale like yours. I like buying stuff like that local so I can inspect...
by prudent
Mon Mar 16, 2015 7:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Best source for US mint silver proof sets from 2000?
Replies: 7
Views: 1018

Re: Credit Report Very Low For No Reason? Fixing it?

Get reports from annualcreditreport.com (reports do not include scores) and make sure there is no incorrect information on your report. If your score dropped 100 points in a month (assuming a legit source for the scores), you definitely have some recent negative info on your report. Nothing else can...
by prudent
Mon Mar 16, 2015 7:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Credit Report Very Low For No Reason? Fixing it?
Replies: 60
Views: 3299

Re: Can I use credit card history for sales tax deduction?

I don't know how you handle receipts where the vendor sells both taxable and tax-exempt items.
by prudent
Sat Mar 14, 2015 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I use credit card history for sales tax deduction?
Replies: 5
Views: 734

Re: Best Business Start-up?

I don't have a dog but my coworker who does is all excited about hiring a poop scooper to clean up the yard. Weather has just gotten nicer after a miserable 2 months of cold and snow, and she hasn't picked up in her own yard in all that time. If you're in a cold weather area, maybe this is the perfe...
by prudent
Sat Mar 14, 2015 8:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Business Start-up?
Replies: 16
Views: 1207

Re: New 2% cash back Mastercard from Citi

Thanks to BH's, I got this card last Sept. Just noticed that Citibank has a $0 line item charge for Annual Membership Fee. Anybody else notice that? I wonder if they plan on introducing an annual fee once they have a critical mass of users? I have had some Citi cards for 10 years and all of them sh...
by prudent
Sat Mar 14, 2015 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 240
Views: 92259

Re: Dad buys house for child, later complications

I tend to lean towards the least messy resolution, and for me that would be gifting it back to the parents. I would be free of the complicated tax situation, liability, and everything else. The dent in the lifetime gift exclusion would be negligible to me and well worth it.
by prudent
Tue Mar 10, 2015 7:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Dad buys house for child, later complications
Replies: 14
Views: 2347
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