Search found 3579 matches

by pshonore
Sat Aug 01, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 7
Views: 736

Re: SS Question

No, its your earned income that counts. However, her income will figure into how much of your SS is subject to income tax. The max would be 85% subject to income tax.
by pshonore
Sat Aug 01, 2015 2:34 pm
Forum: Personal Consumer Issues
Topic: Crab Grass
Replies: 15
Views: 898

Re: Crab Grass

You just have to be consistant with working on killing, pulling, and removing unwanted growth on a regular basis. I moved into this home in June, and the previous owner hadn't done anything for some time. I treated with Bayor product to kill crabgrass twice, two weeks apart, then used spot treatmen...
by pshonore
Sat Aug 01, 2015 10:43 am
Forum: Personal Consumer Issues
Topic: Crab Grass
Replies: 15
Views: 898

Re: Crab Grass

I wouldn't use Roundup because it will kill everything including the existing "good" grass. I'd keep I mowed, and you could overseed in the Fall and put down crabgrass preventer next Spring as another poster suggested. You might consider using a re-seeder in the Fall as just scattering see...
by pshonore
Sat Aug 01, 2015 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Wait... What? [IRA and taxation]
Replies: 32
Views: 3953

Re: Wait... What?

There are different situations if you buy your companies stock inside a 401k, other than that... not much to clarify. Can you elaborate on this? I own my own companies stock(ESOP) through bonuses as well as straight purchases within my 401k. It's all vested. Does this have any different tax treatme...
by pshonore
Fri Jul 31, 2015 3:08 pm
Forum: Personal Consumer Issues
Topic: Food safety - broken refrigerator
Replies: 18
Views: 837

Re: Food safety - broken refrigerator

Most experts recommend NOT keeping whole onions, potatoes and bread in the frig. Apples should be fine as would be most fresh fruit. What is supposed to happen if you keep whole potatoes and onions in the frig? I have done that for years. The onions sprout eventually and if they do that I plant the...
by pshonore
Fri Jul 31, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Hit with $10k tax bill from 2013, given 3 weeks to pay
Replies: 23
Views: 3123

Re: Hit with $10k tax bill from 2013, given 3 weeks to pay

The IRS matches all 1099B forms with Sched D. If you did not fill out a Sched D, they will do it for you and assume your basis is $0 (assuming non-covered shares). Do the gross proceeds from all 1099B forms you received equal the gross proceeds on Sched D?
by pshonore
Fri Jul 31, 2015 12:44 pm
Forum: Personal Consumer Issues
Topic: Food safety - broken refrigerator
Replies: 18
Views: 837

Re: Food safety - broken refrigerator

Most experts recommend NOT keeping whole onions, potatoes and bread in the frig. Apples should be fine as would be most fresh fruit.
by pshonore
Fri Jul 31, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: CA State Refund Intercepted by DMV
Replies: 11
Views: 1034

Re: CA State Refund Intercepted by DMV

Not sure how things work in CA, but in CT when you sell, return, junk, etc. a vehicle, you're supposed to turn in the plates to DMV (and always get a receipt) unless you're transferring them to another vehicle. That cancels the registration, notifies the tax collector, etc.
by pshonore
Fri Jul 31, 2015 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Social security
Replies: 7
Views: 628

Re: Social security

One advantage of the File and Suspend approach is you can at anytime file for benefits back to age 66. If say at age 69, your long term health outlook doesn't look so good, you could file for those 3 years of benefits retroactively. Of course they would be paid at your age 66 "rate" + any ...
by pshonore
Thu Jul 30, 2015 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Investing $3,000 for a 1-year old
Replies: 16
Views: 1833

Re: Investing $3,000 for a 1-year old

Your best bet is to open a 529 college savings plan as it can grow tax-deferred and ultimately be tax-free if spent on college expenses. If your state has income tax, there likely is a tax credit available. Most plans have age-based funds that start out aggressively allocated, and gradually pullbac...
by pshonore
Wed Jul 29, 2015 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA $150 bonus for their new Checking product
Replies: 6
Views: 687

Re: TIAA $150 bonus for their new Checking product

And TD Bank has a new Visa - $200 back when you charge $500 in the first 90 days as well as 5% back on up to $1500 on purchases each month for the first 6 billing cycles (another $450). 1% after that.
by pshonore
Wed Jul 29, 2015 7:21 pm
Forum: Personal Consumer Issues
Topic: Actual car leasing experiences ? (esp Volvo?)
Replies: 5
Views: 625

Re: Actual car leasing experiences ? (esp Volvo?)

I leased a couple of cars awhile back. No problem returning them. No charge for wear and tear, etc. I actually bought new cars from the dealers where I returned both of them (not the leasing dealer although they sold the brand I was returning) so they had a reason to keep me happy. Currently have a ...
by pshonore
Tue Jul 28, 2015 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Taxable income computation by Vanguard
Replies: 25
Views: 1157

Re: Taxable income computation by Vanguard

I checked Form 8949 with which I was not familiar. Page-2 of the form (long term gains) asks to list all purchases of the fund with the corresponding costs. If I don't want to go through all purchases, is there a way to aggregate them and use the average cost? Form 8949 includes a note: Note. You m...
by pshonore
Tue Jul 28, 2015 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Can I reject a medical exam during insurance application without consequences?
Replies: 48
Views: 2692

Re: Can I reject a medical exam during insurance application without consequences?

Why not get a physical to check your health. Then based on the result of the physical, you apply for insurance. Because once you know something, you have to disclose it if they ask. Right now they will only learn about what they test for. Exactly. You do know that not disclosing a known medical con...
by pshonore
Tue Jul 28, 2015 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Taxable income computation by Vanguard
Replies: 25
Views: 1157

Re: Taxable income computation by Vanguard

Since these are non-covered shares, VG will only report the gross proceeds to the IRS. You're responsible for the rest (which VG will probably report to you).
by pshonore
Tue Jul 28, 2015 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Closing Costs with No Bank Loan
Replies: 9
Views: 1197

Re: Closing Costs with No Bank Loan

...you'll have to prepay a year's hazard insurance (you usually pay that prior to closing). Thanks for the comments, especially for clarifying the hazard insurance cost. Certainly true if you have a mortgage. Not always true if you don't. Lots of insurance carriers allow periodic payments for a sli...
by pshonore
Mon Jul 27, 2015 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting For 2016 Medicare Part B Increase
Replies: 14
Views: 1504

Re: Budgeting For 2016 Medicare Part B Increase

Considering that we're now paying less than we were in 2010 and not much more than 2008, premiums are probably going to increase substantially one of these days. But no one knows the timetable for that.
by pshonore
Mon Jul 27, 2015 8:48 am
Forum: Personal Finance (Not Investing)
Topic: HSA Bank reporting income in 2013 that is not income, need help
Replies: 9
Views: 688

Re: HSA Bank reporting income in 2013 that is not income, need help

If you take a distribution, you have to let the IRS know that you had qualified medical expenses for that. Line 15 of form 8889 is where you do that. Otherwise the IRS assumes the withdrawal is taxable income to you.
by pshonore
Mon Jul 27, 2015 8:32 am
Forum: Personal Consumer Issues
Topic: Is your home owner insurance going up 27% this year?
Replies: 35
Views: 3706

Re: Is your home owner insurance going up 27% this year?

My renewal time was in May so it had nothing to do with recent flooding. Mine also went up about 25% and had been with them 10 years. I called and they said they couldn't do anything about it, it was a statewide adjustment. I was really mad because we have home/car/life ins with them and they would...
by pshonore
Sun Jul 26, 2015 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much does Property Tax factor in home purchase?
Replies: 36
Views: 2568

Re: How much does Property Tax factor in home purchase?

Property taxes are important because if you cannot afford to pay them, then your life will be miserable in the new house. And sometimes property taxes may seem to be "unfair". I know in my neighborhood, we pay about 10% to 20% less than comparable neighbors because we protest the tax auth...
by pshonore
Sun Jul 26, 2015 9:43 am
Forum: Personal Finance (Not Investing)
Topic: How much does Property Tax factor in home purchase?
Replies: 36
Views: 2568

Re: How much does Property Tax factor in home purchase?

At near $1000 per month I would say they absolutely matter. As far as budgeting, what possible reason would they not matter in deciding whether to purchase? That money has to come from the same place your mortgage does. I have family in the chicago area and I know they pay a lot for PT. We are some...
by pshonore
Sun Jul 26, 2015 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 27
Views: 2017

Re: Unequal estimated tax payments

As has been suggested, the underpayment penalties are often small enough that it is more expensive in time and headache to try to figure out the rules than to just pay it. I believe my penalty two years ago was around $45 because I did not meet safe harbors and did not bother to pay any estimated t...
by pshonore
Sun Jul 26, 2015 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Tax question- One time Consulting 1099 payment
Replies: 10
Views: 580

Re: Tax question- One time Consulting 1099 payment

desiderium wrote:You can also put 25% of your business income (after expenses) into a SEP-IRA.
Actually for a Sole Prop, the contribution is limited to 20% of net profit after deducting 1/2 of any SE taxes paid.
by pshonore
Sun Jul 26, 2015 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Beneficiaries for taxable and non-taxable accounts
Replies: 12
Views: 1196

Re: Beneficiaries for taxable and non-taxable accounts

Typically there is no benefit to naming a living trust as beneficiary of a tax-advantaged account--it just complicates things. It still may be possible to stretch distributions for the inherited IRA(s), but there are restrictions, and it has to be set up correctly. Some attorneys recommend naming a...
by pshonore
Sat Jul 25, 2015 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 27
Views: 2017

Re: Unequal estimated tax payments

This is surprisingly complex. A full answer requires detailed knowledge of the rules or details of your situation you did not give. There are at least some circumstances where making a small payment immediately will reduce the penalty. First of all check which safe harbor you used to calculate your...
by pshonore
Fri Jul 24, 2015 12:43 pm
Forum: Personal Consumer Issues
Topic: OTR Microwave [Over The Range]
Replies: 19
Views: 1277

Re: OTR Microwave

There are some few OTR microwaves that vent outside. Most are not real vents, that is they only have a small cheap filter for odors, recycling the "vented" air back into the kitchen. I think the whole idea of OTR microwaves is flawed. Powerful electronic devices prefer cool, dry condition...
by pshonore
Fri Jul 24, 2015 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for children?
Replies: 23
Views: 1899

Re: Roth IRA for children?

You also want to avoid the child paying SS taxes on the "earnings". The IRS website states that's ok as long as you run a business organized as a Sole Prop or husband and wife partnership. No S-Corps, no C-Corps. But just paying "wages" for household chores wouldn't make the cut.
by pshonore
Thu Jul 23, 2015 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help Parents set up Investments
Replies: 6
Views: 477

Re: Help Parents set up Investments

You can contribute to a Roth after 70, but only with earned income.
by pshonore
Thu Jul 23, 2015 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for children?
Replies: 23
Views: 1899

Re: Roth IRA for children?

I pay my teenage grandson about $50 a week to mow my yard and work around the house. I also deposit into his Roth IRA account an amount that matches his earning (about $2K a year). He would receive a Form 1099-Misc from me every year and he has to pay taxes on his earning. Pretty simple process. Yo...
by pshonore
Thu Jul 23, 2015 8:18 am
Forum: Personal Consumer Issues
Topic: Ground cover alternatives for large, sloping areas
Replies: 5
Views: 767

Re: Ground cover alternatives for large, sloping areas

Whats the sun/shade situation? In New England, Pachysandra makes a great cover in a shady area and spreads like wildfire. English Ivy is good for a sunny spot, as well as several varieties of low growing Juniper, Catoneaster, etc. Most of those will not tolerate heavy foot traffic though but should ...
by pshonore
Wed Jul 22, 2015 2:44 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3731

Re: How to pay taxes on blog income?

How about folks who want to maximize a retirement plan contribution so they don't report expenses and increase their profit. Might pay a little more SS is the downside or perhaps that's what they want so they get SS quarters they need. There are lots of angles. That's why filing a Sched C with no e...
by pshonore
Wed Jul 22, 2015 1:30 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3731

Re: How to pay taxes on blog income?

How about folks who want to maximize a retirement plan contribution so they don't report expenses and increase their profit. Might pay a little more SS is the downside or perhaps that's what they want so they get SS quarters they need. There are lots of angles. That's why filing a Sched C with no ex...
by pshonore
Wed Jul 22, 2015 12:46 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3731

Re: How to pay taxes on blog income?

Not reporting all your expenses is tax fraud just as much as not reporting all your income.
by pshonore
Wed Jul 22, 2015 12:14 pm
Forum: Investing - Theory, News & General
Topic: Stock Tax Reporting?
Replies: 8
Views: 693

Re: Stock Tax Reporting?

You can also use high level summary totals from a Brokers 1099B statement under certain conditions. You can still efile and send in a copy of the statement using a document transmittal form.
by pshonore
Wed Jul 22, 2015 9:27 am
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3731

Re: How to pay taxes on blog income?

I'm self employed and some of my clients send a 1099, and some don't. I report it all. The IRS doesn't care about proving you have income (who would over report after all) -- the problems would arise if you under report what you were 1099'd for. Just track and report it all, fill out schedule c, an...
by pshonore
Wed Jul 22, 2015 9:17 am
Forum: Personal Consumer Issues
Topic: Recommendations for gas grill
Replies: 63
Views: 4943

Re: Recommendations for gas grill

My Weber recently died after more than 20 years of 52 week a year use in New England. (Bottom 6 inches of one of the legs rusted and fell off). Bought a Char-Broil to replace it. No comparison on quality. I was in HD last week and noted the lid on the Weber E330 probably weighs more than the entire ...
by pshonore
Wed Jul 22, 2015 6:47 am
Forum: Personal Consumer Issues
Topic: Deregulated New Jersey PSEG Region: Reputable Methods for Purchasing Eletricity?
Replies: 2
Views: 349

Re: Deregulated New Jersey PSEG Region: Reputable Methods for Purchasing Eletricity?

Good evening. Today, I reviewed the energy bill for my parents, and noticed rates of approximately 19.9 cents per kWh from Energy Plus Holdings. Per the other side of the document, had they been purchasing from PSE&G, they would have paid 12.5 cents per kWh. I checked a couple surviving bills f...
by pshonore
Tue Jul 21, 2015 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating [funds in UTMA account]
Replies: 15
Views: 1177

Re: Liquidating [funds in UTMA account]

VTI is considered a long term core holding by most people on this web site. It has a rock bottom expense ratio and is a broad index fund. If you have any earned income you might consider a sale of one of the other two holdings and starting a Roth IRA. If your other income is low enough you might qu...
by pshonore
Tue Jul 21, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Liquidating [funds in UTMA account]
Replies: 15
Views: 1177

Re: Liquidating [funds in UTMA account]

VTI is considered a long term core holding by most people on this web site. It has a rock bottom expense ratio and is a broad index fund. If you have any earned income you might consider a sale of one of the other two holdings and starting a Roth IRA. If your other income is low enough you might qu...
by pshonore
Mon Jul 20, 2015 9:43 am
Forum: Personal Consumer Issues
Topic: How do I fix a hole in this wooden door?
Replies: 42
Views: 2337

Re: How do I fix a hole in this wooden door?

You can buy just a plain door but routing out the hinge mortises and drilling for a new handle is not a beginner's job if you've never done it and also requires tools you'll never use again. Funny, I did not find this difficult. I used a cheap set of wood chisel hand tools ($10) and just scraped ou...
by pshonore
Mon Jul 20, 2015 6:52 am
Forum: Personal Consumer Issues
Topic: How do I fix a hole in this wooden door?
Replies: 42
Views: 2337

Re: How do I fix a hole in this wooden door?

Looks like a standard Luan interior door. Go to the big box store and buy a pre-hung replacement which includes the jambs and sometimes even with a new handle/lockset installed. Probably less than $75. If you're lucky, the hinge placement will be identical and you can simply unscrew the door from th...
by pshonore
Thu Jul 16, 2015 9:37 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 477
Views: 67092

Re: What are you up YTD? [Year To Date]

Now at 2.14% YTD. This is total return on entire 7 figure portfolio. I have significant holding in EMs and Total international. But also a big chunk in Stable value to smooth things up. As of today, VWO is my only holding with negative total return YTD -0.42%. But my VEMAX stands at +1.04% YTD. I d...
by pshonore
Wed Jul 15, 2015 4:17 pm
Forum: Personal Consumer Issues
Topic: Getting rid of moles & voles (rodents)
Replies: 28
Views: 1700

Re: Getting rid of moles & voles (rodents)

When I was in undergrad we rigged up a simple motion sensor in one of the tunnels that would detonate a shaped charge, annihilating the critters in their tunnels. Might look into if you can use shaped charges in your area, and if so, what licenses are required. Perhaps that's what caused the beach ...
by pshonore
Wed Jul 15, 2015 2:55 pm
Forum: Personal Consumer Issues
Topic: Fed up with ATT
Replies: 66
Views: 6717

Re: Fed up with ATT

I don't really need a land line but I like having it so I have a number to give out to people I don't really want to talk to (banks, insurance people, etc.). I just have an answering machine hooked up to it and return legitimate (non-marketing) calls. That keeps most of the irritation calls segrega...
by pshonore
Wed Jul 15, 2015 2:44 pm
Forum: Personal Consumer Issues
Topic: Getting rid of moles & voles (rodents)
Replies: 28
Views: 1700

Re: Getting rid of moles & voles (rodents)

So are my dogs. But that's almost worse. Imagine a little trench about 4" wide , 3" deep and 2 feet long. And you can never get the dirt back into it or the grass on top. I've also tried the solar powered things that beep without much success. And then there was the time I was trying to te...
by pshonore
Wed Jul 15, 2015 11:28 am
Forum: Personal Consumer Issues
Topic: Updated - Propane Oven Makes Me Sick - Repair or Buy New?
Replies: 35
Views: 2150

Re: Updated - Propane Oven Makes Me Sick - Repair or Buy New?

CO detectors are a good addition to a house burning any type of fuel (NG, propane, fuel oil, kerosene and even wood) be it in a stove, furnace water heater, etc.
by pshonore
Wed Jul 15, 2015 11:23 am
Forum: Personal Consumer Issues
Topic: HomeDepot hardwood flooring issue
Replies: 9
Views: 1096

Re: HomeDepot hardwood flooring issue

I think you have to read the Warranty to answer those questions. What are the problems and what was the brand? I've bought a fair amount of Bruce flooring from HD and never had a problem. (I installed it myself)
by pshonore
Wed Jul 15, 2015 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Leasing vs buying
Replies: 10
Views: 990

Re: Leasing vs buying

Or if you're not sure a given vehicle is right for you, a lease is a way to find out. If you don't like it, you can give it back. Obviously you would want a lease where the total cost to purchase at lease termination is not much different than an outright purchase. Take the lease down payment, sum o...
by pshonore
Wed Jul 15, 2015 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Renegotiating Contract, selling our house
Replies: 18
Views: 1516

Re: Renegotiating Contract, selling our house

I've never dealt with obtaining a selling agent. (I've always FSBO'ed my homes.) But, I am an owner of a website development firm and we use sales agreements with clients. My agreement states that if either party is not living up to expectations, that the offended party can communicate in writing a...
by pshonore
Wed Jul 15, 2015 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Renegotiating Contract, selling our house
Replies: 18
Views: 1516

Re: Renegotiating Contract, selling our house

You'll never know if you don't bring it up with the agent. If you do, be sure to tell the whole story; otherwise you may be looking at a lawsuit when the agent becomes aware the property was sold.

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