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Re: Semi-annual Furnace/AC Inspection

I live in middle Tennessee and have my two units inspected annually; a/c portion in spring and heating portion in fall. For the past 17 years the same company did it and the same highly qualified and thorough technician did all the inspections and any necessary repairs. The owner of the firm sold ou...
by tomd37
Sat Jan 31, 2015 5:32 pm
 
Forum: Personal Consumer Issues
Topic: Semi-annual Furnace/AC Inspection
Replies: 15
Views: 589

Re: Filed your 2014 Federal Taxes yet?

HIinvestor,
I thought I heard something a while back that some federal agencies were not mailing documents and they had to retrieved online. This is only a gut feeling I have right now and am trying to confirm it somewhere. Maybe someone else will provide thoughts.
by tomd37
Sat Jan 31, 2015 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Filed your 2014 Federal Taxes yet?
Replies: 48
Views: 2135

Re: Filed your 2014 Federal Taxes yet?

Leesbro63, Does that include taxable Vanguard mutual funds? This is the first year that I have invested excess cash in three Vanguard taxable funds and I already have my Form 1099-B for the sale of one and 1099-DIV for the dividends and capital gain distribution on the others. I have done my return ...
by tomd37
Sat Jan 31, 2015 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Filed your 2014 Federal Taxes yet?
Replies: 48
Views: 2135

Re: Tax: Filing Jointly or Single When one makes 3x More

Any unique circumstances involved including children and children's care expenses, adoption, education expenses, etc.? Do you itemize or take the standard deduction? Look at the special rules under the married filing separately filing status in chapter 2 of IRS Publication 17.
by tomd37
Fri Jan 30, 2015 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax: Filing Jointly or Single When one makes 3x More
Replies: 15
Views: 679

Re: Donating property & taxes - do I need form 8283?

Goodwill and other charities do not provide you with any value of the property donated. That is strictly your decision. And in my opinion 25% of an item's original value is way overstated. Look up the definition to "fair market value" in IRS publications and you will come up with a much lo...
by tomd37
Thu Jan 29, 2015 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating property & taxes - do I need form 8283?
Replies: 5
Views: 381

Re: Thinking of switching from Turbo-Tax

For those of you who use Tax Act, do any of you volunteer in the TCE or VITA programs which use the TaxWise program? If so, how does Tax Act compare with the TaxWise program? I have used the TaxWise program for the past eleven years and find it a very good program and easy to use in all the situatio...
by tomd37
Wed Jan 28, 2015 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thinking of switching from Turbo-Tax
Replies: 26
Views: 1759

Re: Donating property & taxes - do I need form 8283?

The form is very easy to you provided you follow the instructions for it.
by tomd37
Tue Jan 27, 2015 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating property & taxes - do I need form 8283?
Replies: 5
Views: 381

Re: Newer washing machine freaks out dog

High efficiency (HE) machines spin at a much higher rate (e.g. up to about 1100 rpm) than regular machines. Your front loader was a HE machine as is the new one without an agitator. I'll bet they had very close to the same spin speeds. Is your dog's issue only when it is spinning or with other cycle...
by tomd37
Tue Jan 27, 2015 3:54 pm
 
Forum: Personal Consumer Issues
Topic: Newer washing machine freaks out dog
Replies: 34
Views: 2184

Re: Prognosis On REIT Index Fund

Index Fan stated "I have a 10% real estate allocation because the long term profitability of real estate as an income generating asset makes sense to me (as opposed to commodities for example), and because of the relatively low correlation with other asset classes. I had it all through the last...
by tomd37
Sun Jan 25, 2015 9:38 pm
 
Forum: Investing - Theory, News & General
Topic: Prognosis On REIT Index Fund
Replies: 9
Views: 2142

Re: Marriage and taxes

Just an idea, but what about comparing the two filing statuses available to you once married; married filing jointly vs. married filing separately? Sometimes, although not too often, it can be better to use MFS filing status.
by tomd37
Sun Jan 25, 2015 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marriage and taxes
Replies: 7
Views: 1214

Re: Childcare and Taxes

Chip25, As mentioned by others you may be entitled to certain tax advantages: 1. An additional dependent exemption of $4,000 for 2015 which reduces your AGI and taxable income by that amount. 2. A child tax credit of $1,000 which reduces your federal tax liability dollar for dollar on page 2 of Form...
by tomd37
Thu Jan 22, 2015 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Childcare and Taxes
Replies: 7
Views: 696

Re: RTP, NC Chapter Meeting Noon Friday January 16, 2015

I too wish I was back living in Chapel Hill (Go Duke!) and I would definitely be part of this group. It has been a long 19 years away from there. :(
by tomd37
Wed Jan 21, 2015 8:23 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: RTP, NC Chapter Meeting Noon Friday January 16, 2015
Replies: 12
Views: 1085

Re: RMD withdrawals.

I guess it is a six of one and a half dozen of another choice. I personally wait until the end of the year to take my RMD so that I can see where the law stands on qualified charitable distributions. If QCD is available in a given year I make the QCD, then take the remaining RMD, and then invest wha...
by tomd37
Sun Jan 18, 2015 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 43
Views: 3307

Re: IRS Publication 590

Just ordered my personal copies two days ago. Also it is interesting to note that Publication 17 is no longer available at the IRS website to order a personal copy by mail. We now have to use and read the online version. Those of us in the VITA and TCE programs will still receive a personal copy of ...
by tomd37
Sat Jan 17, 2015 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS Publication 590 [Revised to 590-A and 590-B]
Replies: 7
Views: 979

Re: Poll: Your Max. REIT Allocation

As an older (78) retiree I hold the VG REIT Index fund to an amount of 10% of my total portfolio value. Have held this for the past fifteen years. I also hold the VG Total Stock Market Index fund which holds about 3%.
by tomd37
Sat Jan 17, 2015 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Your Max. REIT Allocation
Replies: 54
Views: 4051

Re: Taxable investing - initial account setup questions

Kaneohe is absolutely correct in that when using MFS filing status the deduction for student loan interest cannot be taken. There are a bunch of other special rules when using this filing status and they can be found on page 22 of the 2014 version of IRS Publication 17 available online at http://www...
by tomd37
Fri Jan 16, 2015 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable investing - initial account setup questions
Replies: 10
Views: 474

Re: Doing my taxes by hand

I am an somewhat "older timer" at 78 and a volunteer in both the IRS sponsored AARP Foundation Tax Counseling for the Elderly (TCE) and the Volunteer Income Tax Assistance (VITA) programs. I would encourage the OP to learn more about taxes by doing his own return by paper. Then, if desired...
by tomd37
Wed Jan 14, 2015 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Doing my taxes by hand
Replies: 64
Views: 4735

Re: Wait, contributions to an IRA are tax deductible?

Maybe any amounts shown on lines 23 through 36 should be referred to as adjustments to income resulting in AGI for purposes of these discussions.
by tomd37
Sun Jan 11, 2015 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wait, contributions to an IRA are tax deductible?
Replies: 19
Views: 1986

Re: Wait, contributions to an IRA are tax deductible?

And while tax credits were mentioned in way of explanation in some of the replies, keep in mind that some tax credits are refundable and some are non-refundable and some are dependent on income. :moneybag
by tomd37
Sun Jan 11, 2015 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wait, contributions to an IRA are tax deductible?
Replies: 19
Views: 1986

Re: Garage door openers - recommended brand, model?

Chamberlain Lift Master, and depending on where the garage is located you can make the choice between a belt and screw drive. I suspect the belt drive would be quieter (and screw drive noisier) if the garage is attached to the home such as under a room or in the basement under some room. You might t...
by tomd37
Sat Jan 10, 2015 10:39 pm
 
Forum: Personal Consumer Issues
Topic: Garage door openers - recommended brand, model?
Replies: 13
Views: 1198

Re: What's in your car emergency kit?

A 750ml bottle of Chivas Regal 18 year-old Gold Signature :beer
by tomd37
Thu Jan 08, 2015 5:44 pm
 
Forum: Personal Consumer Issues
Topic: What's in your car emergency kit?
Replies: 52
Views: 4019

Re: Cancel Homeowner's Insurance?

[OT comment removed by admin LadyGeek]
by tomd37
Tue Jan 06, 2015 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 6613

Re: New vanguard Rep

To the best of my recollection I have had four or five Flagship representatives in the last ten years. It does not concern me that much as I have always received a proper response or information from them when I needed it. To the best of my knowledge you can always request another rep if you feel un...
by tomd37
Tue Jan 06, 2015 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: New vanguard Rep
Replies: 25
Views: 2741

Re: Question on IRS standard mileage for new self employed p

I was referring to the fact there is a difference between the miles driven for business purposes and commuting purposes. I see a number of returns each year where people think they can count miles driven from home to a main job and home again when those are actually commuting miles which cannot be c...
by tomd37
Sun Jan 04, 2015 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question on IRS standard mileage for new self employed perso
Replies: 7
Views: 789

Re: Do you keep manuals/packaging for products you buy?

Like poster "island" we, over 48 years of marriage, have always kept instruction manuals for significant items we have purchased. They have come in very handy in many instances when they had to be referenced for maintenance/repair or when we sold them. Also handy when we sold two homes and...
by tomd37
Sun Jan 04, 2015 2:10 pm
 
Forum: Personal Consumer Issues
Topic: Do you keep manuals/packaging for products you buy?
Replies: 34
Views: 2053

Re: Question on IRS standard mileage for new self employed p

Be careful claiming mileage expenses for self-employment. Depending on individual circumstances mileage may not be a proper claim. If you care to provide details as to what miles you want to claim, you might get better responses to your inquiry.
by tomd37
Sun Jan 04, 2015 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question on IRS standard mileage for new self employed perso
Replies: 7
Views: 789

Re: Required Minimum Distribution (RMD)

Vanguard calculates my RMD for me annually in January. I verify their calculations. I wait until December of each year to take my RMD in hopes that the qualified charitable distribution (QCD) portion of the tax law has been passed for that given year. I take my QCD by having the check made payable t...
by tomd37
Sat Jan 03, 2015 4:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Required Minimum Distribution (RMD)
Replies: 6
Views: 872

Re: Withhold Taxes from Pension?

I have federal tax withheld from my military and our social security pensions. I also direct Vanguard to withhold a specific percentage of federal tax when I take my RMD at the end of each year. That way I do not have to be concerned about estimated tax payments quarterly. I already have a close app...
by tomd37
Sat Jan 03, 2015 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Withhold Taxes from Pension?
Replies: 19
Views: 1194

Re: Rick Ferri looking to internationalize his portfolio

When you are staying the course you set as 000 and ultimately find that your course has really ended up as 315 over a long period of time, you will never reach 000 and now have to make an alteration of course to the right to get back to your original destination when you set a course of 000. :oops:
by tomd37
Thu Jan 01, 2015 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: Rick Ferri looking to internationalize his portfolio
Replies: 231
Views: 26661

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

tomd37 "guesstimates" 2211.37
by tomd37
Thu Jan 01, 2015 1:06 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 556
Views: 19746

Re: 2014 IRS FORMS

That is the Instructions for Form 1040, not the form itself. The form itself has been on the IRS website for a while.
by tomd37
Wed Dec 31, 2014 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2014 IRS FORMS
Replies: 1
Views: 402

Re: question about 1099 salary

Assuming you mean your income is being reported to you on a Form 1099-MISC, you are considered a sub-contactor/self-employed individual by the company you work for. As such they do not withhold any federal or state tax nor do they pay their (the employer) share of Medicare or Social Security taxes. ...
by tomd37
Tue Dec 30, 2014 9:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: question about 1099 salary
Replies: 18
Views: 1307

Re: Withdrawel

Y, I think everybody's situation can be different. I'm retired twelve years now, but I don't have a certain percentage I want to take out. I do have to take a certain percentage out each year in the form of my RMD. However, I don't need all that money to meet my budgetary requirement, so some of it ...
by tomd37
Tue Dec 30, 2014 4:41 pm
 
Forum: Investing - Theory, News & General
Topic: Withdrawal
Replies: 12
Views: 1257

Re: Water heater

Funny water heater overflow story - We are second owners of this 20-year old home. Natural gas water heater is located in a ventilated closet in garage. Happened to walk out into garage one day and heard noise not normally heard. Opened closet door to discover water heater had just started to leak a...
by tomd37
Mon Dec 29, 2014 8:32 am
 
Forum: Personal Consumer Issues
Topic: Water heater
Replies: 16
Views: 2136

Re: Appalachian Trail thru-hike in retirement?

I am retired, not a walker at all, and would not even consider hiking the entire AT. However, I just finished reading "A Walk in the Woods" and thoroughly enjoyed it. I have no doubt in my mind that walking the AT was one thing my son wanted to do in his lifetime. But unfortunately that ne...
by tomd37
Sun Dec 28, 2014 3:03 pm
 
Forum: Personal Consumer Issues
Topic: Appalachian Trail thru-hike in retirement?
Replies: 49
Views: 4336

Re: Have you used VITA or TCE?

I have been working in the TCE and VITA programs for twelve years now, predominately in the TCE program. The last three years using the Online program and the Desktop program prior to that. Love the online program. In our state all TCE volunteers must test, qualify, and certify at the "advanced...
by tomd37
Thu Dec 25, 2014 10:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you used VITA or TCE?
Replies: 10
Views: 744

Re: Car & Car Loan in both names or just one?

If the car is titled in only the husband's name and he passes, either with or without a will, what happens? If titled in both names she automatically owns it. I say title all major purchases like this in both names.
by tomd37
Tue Dec 23, 2014 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car & Car Loan in both names or just one?
Replies: 12
Views: 927

Re: HOA Townhouse Reserve Amount

Seems to me that professional help is required in the form of a professional engineering firm to come up with a reserve study and plan. We had the initial study and plan done five years ago for our 162 homeowner association at a cost of $1,800. It was very thorough and proved very helpful in establi...
by tomd37
Thu Dec 18, 2014 11:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: HOA Townhouse Reserve Amount
Replies: 9
Views: 805

Re: Dealer Regular Sched. Maintenance Question

Lots of cars, according to the maintenance schedule in the owner manual, call for an oil change at 7,500 miles. Stick with the owner manual maintenance schedule and you will not have any issues nor will you be paying too much. Find yourself a good local mechanic trusted by people you know and stick ...
by tomd37
Mon Dec 15, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: Dealer Regular Sched. Maintenance Question
Replies: 15
Views: 806

Re: Help with seeing tax consequences, scenios for low incom

Yoshald,
How old are you as of 12/31/2014? EIC is age dependent.
by tomd37
Sun Dec 14, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with seeing tax consequences, scenerios for low income
Replies: 7
Views: 943

Re: Possible revival of charitable IRA rule

I am quite sure it will be approved now. Keep a close eye out (rather open your eyes) this week for its approval and signature by the President along with other extenders. It will only be approved for 2014 and will have to be approved again next year for 2015 and possibly later years.
by tomd37
Sun Dec 14, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible revival of charitable IRA rule
Replies: 1
Views: 247

Re: What is a move-up car after mid-size sedan?

I cannot reply to your question about the comparison of the European and US versions. I never had any issues with either of my two Passat wagons with the V6 2001 or the 2.0 Turbo 2008. The latter is still running very well in my daughter's hands and the 2001 was totaled in 2008, also in my daughter'...
by tomd37
Sun Dec 14, 2014 12:02 am
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4174

Re: Supporting the Operating Costs of the Forum

Lady Geek,
Am I correct in my assumption that we can click on Amazon.com at the top right corner of these pages and credit will be applied?
by tomd37
Sat Dec 13, 2014 11:55 pm
 
Forum: Forum Issues and Administration
Topic: Supporting the Operating Costs of the Forum
Replies: 35
Views: 4422

Re: How to help Grandchild with tuition

For you parents of college children whose parents paid tuition for your children (the grandchildren) who got to take the American Opportunity Credit (tax credit on federal return) assuming someone was qualified to take it?
by tomd37
Sat Dec 13, 2014 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to help Grandchild with tuition
Replies: 7
Views: 915

Re: What is a move-up car after mid-size sedan?

Carson, Having had two VW Passat wagons (2001 and 2008) in the past, I would love to go back to one, but they were phased out here in the United States after the 2010 model. :annoyed They are still offered in Europe and the 2015 version is absolutely beautiful in my opinion. I ended up with a 2010 T...
by tomd37
Sat Dec 13, 2014 11:47 pm
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4174

Re: Don't Peek [at Your Portfolio Balance]

I look at the stock and bond market results every day, but I don't take any action. One poster in the past two months made a comment "what did you do in 2008?". I did not know the answer so I looked back at all retirement years starting in 2002 at age 65 and found that I did absolutely not...
by tomd37
Sat Dec 13, 2014 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: Don't Peek [at Your Portfolio Balance]
Replies: 33
Views: 3959

Re: Deductions!

Bertilak,
That's 560 miles @ $0.235 which equates to $131.60 for mileage deduction.
by tomd37
Sat Dec 13, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deductions!
Replies: 31
Views: 2633

Re: Ad hoc travel to Antarctica

I had the fortunate experience of visiting Antarctica 50 years ago this winter compliments of the United States Navy. I was the Supply Officer of a Navy Mobile Construction Battalion (MCB-6) out of Davisville, Rhode Island. Our unit was sent to McMurdo Station in October 1964 to do base construction...
by tomd37
Mon Dec 08, 2014 10:44 pm
 
Forum: Personal Consumer Issues
Topic: Ad hoc travel to Antarctica
Replies: 51
Views: 2669

Re: My First Monthly Budget: Please Review/Advise

Acejack, The following is a list of individual items that I budgeted for before and after my retirement. Some might not be applicable to you but at least gets you to thinking about them as expenses against your gross income. There may be more, but these budget items have served me well in fifty year...
by tomd37
Sun Dec 07, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: My First Monthly Budget: Please Review/Advise - Updated
Replies: 5
Views: 745

IRS Form 5498 - IRA Contribution Info

Does anyone know why Vanguard does not issue an annual IRS Form 5498 reflecting the required RMD information in blocks 12a (RMD required date) and 12b (RMD amount)? The last time I received such form was for tax year 2005 when I did a Roth conversion. I started taking RMDs in 2008 and in that and su...
by tomd37
Sun Dec 07, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRS Form 5498 - IRA Contribution Info
Replies: 3
Views: 360
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