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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: 529

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: 786

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, scenios for low income
Replies: 7
Views: 913

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: 246

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: 4021

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: 17
Views: 2670

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: 891

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: 4021

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: 3870

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: 2540

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: 2602

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: 703

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: 343

Re: Helping my dad with his portfolio

TFinator,
The basis for those individual stocks your parents inherited is the price on the date of death of the original owner. That determination can play a huge part in the determination of the possible gain in value when they go to sell. :beer
by tomd37
Sat Dec 06, 2014 10:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his portfolio
Replies: 52
Views: 2508

Re: Helping my dad with his portfolio

Just curious - how many different funds does your Dad hold in this account? Far too complicated for me before and now after my retirement. :? I would strongly suggest simplification outside of Edward Jones, but they that EJ rep would not make money and your Dad would save money in my opinion.
by tomd37
Fri Dec 05, 2014 10:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his portfolio
Replies: 52
Views: 2508

Re: Where do I go to get my 3 credit reports?

Or you can call (which I do) 1-877-322-8228 whichever one(s) of the three you want to receive by mail. Takes about ten days to get it by mail.
by tomd37
Fri Dec 05, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where do I go to get my 3 credit reports?
Replies: 7
Views: 705

Re: 2012 Honda Pilot Tranny Fluid Change?

I would look in the owners manual (maintenance section) and see what the manufacturer's recommended change mileage is. I'll bet that it is many more miles than 27K. :annoyed
by tomd37
Thu Dec 04, 2014 3:54 pm
 
Forum: Personal Consumer Issues
Topic: 2012 Honda Pilot Tranny Fluid Change?
Replies: 23
Views: 1569

Re: [Poll] What's Your Tax Prep Strategy?

The OP did not include free tax preparation services available to many; the IRS Volunteer Income Tax Assistance (VITA) program and the AARP Foundation Tax Counseling for the Elderly (TCE). The latter is also referred to as Tax-Aide. Both programs can be searched on.
by tomd37
Tue Dec 02, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] What's Your Tax Prep Strategy?
Replies: 62
Views: 3290

Re: tipping rubbish pickup people and letter carriers

Speaking about tipping the newspaper carrier, which I do, most of them are considered as independent workers (self-employed) and as such they receive a Form 1099-MISC instead of a Form W-2. As a self-employed worker no federal tax is withheld (they have to make quarterly estimated tax payments), the...
by tomd37
Tue Dec 02, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: tipping rubbish pickup people and letter carriers
Replies: 56
Views: 3677

Re: tipping rubbish pickup people and letter carriers

I do tip the two men who provide my private trash collection service. They take a lot of extra items for me throughout the year and provide excellent service. And I do know they don't make a lot of money ($25K). A couple of years ago one of them asked if I knew anything about federal income taxes. H...
by tomd37
Tue Dec 02, 2014 10:01 am
 
Forum: Personal Consumer Issues
Topic: tipping rubbish pickup people and letter carriers
Replies: 56
Views: 3677

Terminix Termite Protection Plan

Do any of the forum readers have a termite protection plan with Terminix? I had an initial liquid injection treatment in 1998 when the home was five years old at a cost of $800. The plan called for an annual inspection and any necessary repairs for "new" subterranean termite damage at a co...
by tomd37
Mon Dec 01, 2014 10:26 pm
 
Forum: Personal Consumer Issues
Topic: Terminix Termite Protection Plan
Replies: 5
Views: 847

Re: How much to have Vanguard withhold on RMD

Eelwood, We are retired and taking the required RMDs near year end. Our income is very predictable (social security benefits, military pension, RMDs, interest, and this year taxable dividends and capital gain distributions). By this coming mid-January I will be able to very closely estimate our taxa...
by tomd37
Sat Nov 29, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to have Vanguard withhold on RMD
Replies: 36
Views: 2653

Re: Can I get tax credits for my brother college fees?

I don't know of any way "you" can get an educational tax credit for "him", but he might be able to get one for "himself". What is behind your thinking that you are entitled to any tax credit? Please enlighten us if you will. :idea:
by tomd37
Fri Nov 28, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I get tax credits for my brother college fees?
Replies: 13
Views: 1454

Need for Int'l Investing

I have read and reread many of the investment books often referenced on this site over the years, including those by Bernstein, Bogle, Ferri, Larimore, Lindauer, Leboeuf, Malkiel, Schultheis, Swedroe, et al. As investors in our late 70s I still seem to We have COLA’ed pensions (SS and military), and...
by tomd37
Tue Nov 25, 2014 8:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need for Int'l Investing
Replies: 12
Views: 1075

Re: How do you "un-fund" a revocable trust?

All the revocable trust is is a "suitcase" to hold your possessions. You can put things in and take things out as desired (done properly of course).
by tomd37
Sat Nov 22, 2014 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you "un-fund" a revocable trust?
Replies: 10
Views: 1258

Re: POLL: Do you personally own a cell phone?

I am too old (77 today) and too unsure of myself to learn everything about what people call a "smartphone" these days. :confused I am very happy with our fliptop/clamshell phones and have no need or desire to change. We use them primarily for emergency purposes or to call others on our Ver...
by tomd37
Sat Nov 22, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Do you personally own a cell phone?
Replies: 52
Views: 2937

Re: Can Non-Tax Filers Contribute to IRA?

When doing a free tax return in either the AARP Tax-Aide or the IRS Volunteer Income Tax Assistance (VITA) programs I am always on the lookout for a dependent that might have income and the need to file a federal tax return possibly for a refund of withholding taxes. I caution the parents to ensure ...
by tomd37
Sat Nov 22, 2014 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can Non-Tax Filers Contribute to IRA?
Replies: 12
Views: 1256

Re: RMD taxes

Shawcroft - The IRS is pretty lenient in forgiving the 50% penalty for what they call "excess contributions" but it is failure to take RMDs on the part of the taxpayer. If you can present a valid reason the RMD was not taken and show proof that it has been subsequently taken, they will in ...
by tomd37
Fri Nov 21, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD taxes
Replies: 17
Views: 1730

Re: RMD taxes

Shawcroft - Simply put the answer is no. When you do start taking the RMD you will receive a Form 1099-R for the tax year in which you took the distribution. Since you turned 70.5 in August of 2014 your required beginning date (RBD) is April 1, 2015. You must take your first required minimum distrib...
by tomd37
Fri Nov 21, 2014 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD taxes
Replies: 17
Views: 1730

Re: Donating for a specific family

Just wondering if the church was sponsoring this family in any way, that is making announcements seeking support for this family. If so, maybe the funds should have been donated to and in the name of the church for transfer to the family. The way the donation was made to a qualified charitable organ...
by tomd37
Fri Nov 21, 2014 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 43
Views: 2958

Re: Any Bird Experts?

I have wrens that constantly come to my windows and screens to eat the various small bugs and gnats on the window sills and frames. Just yesterday a cedar waxwing flew into a large window over my front door and broke its neck. :( Fortunately it died instantly and did not suffer long. I love all my b...
by tomd37
Wed Nov 19, 2014 9:29 pm
 
Forum: Personal Consumer Issues
Topic: Any Bird Experts?
Replies: 23
Views: 1618

Re: Humidifier: How much condensation is too much?

Darin, Where do you live and what are the temperature swings you see in the winter? Are your windows single, double, or possibly triple-paned? From what I read the best humidity level in a home in the winter is between 30 and 40 percent. You can search in the subject online and come up with some goo...
by tomd37
Wed Nov 19, 2014 10:39 am
 
Forum: Personal Consumer Issues
Topic: Humidifier: How much condensation is too much?
Replies: 35
Views: 2446

Re: Daughter Owes 2013 Taxes-Any Advice?

MarkNYC,
Please note my comment near the top of the posts that the IRS does not normally send CP2000 letters until late spring of the year following the due date of the return.
by tomd37
Tue Nov 18, 2014 1:13 pm
 
Forum: Personal Consumer Issues
Topic: Daughter Owes 2013 Taxes-Any Advice?
Replies: 21
Views: 3460

Re: Daughter Owes 2013 Taxes-Any Advice?

The IRS normally does not send out CP2000 letters to taxpayers until summer of the YEAR following the April 15th due date. In her case the 2013 return was due April 15, 2014 and she probably will not hear from the IRS until late Spring of 2015. When she does hear she will be told how much she owes w...
by tomd37
Mon Nov 17, 2014 3:27 pm
 
Forum: Personal Consumer Issues
Topic: Daughter Owes 2013 Taxes-Any Advice?
Replies: 21
Views: 3460

Re: 401K catch-up if >70.5

I acknowledge the OP did not ask about traditional or Roth IRA contributions, but I just make note that one cannot contribute to a traditional IRA in or after the year they attain age 70.5 as per IRS Publication 590. Contributions to a Roth IRA can be made at any age provided the taxpayer meets the ...
by tomd37
Mon Nov 17, 2014 10:38 am
 
Forum: Investing - Theory, News & General
Topic: 401K catch-up if >70.5
Replies: 5
Views: 450

Re: car sensor showing TPMS sign

The TMPS light may come on when there is a significant change in temperature. I was visiting Asheville, NC several years ago when the temperature overnight dropped to 12 degrees. When I started the car the TMPS light came on so I went to a local gas station and, using my tire pressure gauge, checked...
by tomd37
Mon Nov 17, 2014 10:04 am
 
Forum: Personal Consumer Issues
Topic: car sensor showing TPMS sign
Replies: 26
Views: 1864

Re: Hoa resurrection

Steelersfan,
By the way, our Tennessee Titans are hosting the Steelers tomorrow here in Nashville on Monday Night Football. I won't discuss the probable results......
by tomd37
Sun Nov 16, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: HOA resurrection
Replies: 35
Views: 4120

Re: Hoa resurrection

Steelersfan, Our HOA (private homes) CCRs and Bylaws clearly state that a special assessment requires the vote and approval of 75% of the 162 homeowners. Please note that I used the term "special assessment". About five years ago we needed to fund and initiate a 20-year capital improvement...
by tomd37
Sun Nov 16, 2014 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: HOA resurrection
Replies: 35
Views: 4120

Re: Harry's razors

Leonard - Do you have a recommendation and source for a double-edge razor and blades? I have looked for a DE razor and blades in drugstores and the like around here, but none carry them. :annoyed
by tomd37
Fri Nov 14, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: Harry's razors
Replies: 53
Views: 5705

Re: Minimum required Distributions Question

Ralph, Regardless of when you take your RMD and have federal tax withheld, that tax withheld is considered paid throughout the year. For example, if you take your RMD in December and have federal tax withheld, that tax is considered withheld throughout the year and no penalty is assessed. I know of ...
by tomd37
Thu Nov 13, 2014 3:17 pm
 
Forum: Investing - Theory, News & General
Topic: Minimum required Distributions Question
Replies: 8
Views: 1026

Re: Your favorite classic toys for kids

Nisiprius, No, they are not made any longer. My staff at my last job before retirement bought one off the internet and it was exactly like the one I had as a young child of about seven. Same exact color of light green and in its original box although the bottom portion of the box was damaged. I reme...
by tomd37
Tue Nov 11, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 5151

Re: Your favorite classic toys for kids

Hoot-Nanny No. 1 Google it if you don't know what it was. It was a favorite toy of this 77 year old.
by tomd37
Tue Nov 11, 2014 8:11 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 5151

Re: Tax Withholding assistance

She, with your help if needed, should follow the instructions carefully for form W-4 when she fills it out for her new employer. It might help to look at the form and its instructions online (or print it out) ahead of time. :dollar
by tomd37
Tue Nov 11, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Withholding assistance
Replies: 4
Views: 342

Re: Jack bogle's common sense on mutual funds

Stemikger, Thanks for reminding me of the three chapters in those two books. I pulled both off my library shelf above my computer and read all three chapters again . I am in my late 70s with a 50/50 ratio and am contemplating the further simplification of my already simplified Vanguard portfolio. Th...
by tomd37
Sun Nov 09, 2014 9:14 pm
 
Forum: Investing - Theory, News & General
Topic: Jack bogle's common sense on mutual funds
Replies: 15
Views: 3027

Re: Attend new car "launch event" for free meal?

The heck with it all; just go enjoy yourself with the free wine and buffet and enjoy looking at the new model(s). You are not under any obligation other than to give a proper RSVP! :sharebeer
by tomd37
Sat Nov 08, 2014 2:53 pm
 
Forum: Personal Consumer Issues
Topic: Attend new car "launch event" for free meal?
Replies: 10
Views: 878

Re: Vanguard site percentage info

Am not sure if this is what you are looking for. Once your account is open go to the Investment Prices & Return tab, then to Personal Performance tab. The personal rate of return is shown at the top.
by tomd37
Sat Nov 08, 2014 8:18 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard site percentage info
Replies: 6
Views: 900

Re: Question re Bogle interview with Benz

Nisiprius, Can you post a similar chart for the past ten years ? Looking online at the Vanguard site I see different results that show VFICX moving more significantly ahead in about mid-2009 and as it approaches 2014. By the way, I looked at the two Admiral funds (VBTLX and VFIDX) when looking on th...
by tomd37
Fri Nov 07, 2014 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: Question re Bogle interview with Benz
Replies: 8
Views: 919

Re: I-T Bond Funds in IRA

Ojd,
Thanks for the link. Have been out of the loop all day long and missed seeing it.
by tomd37
Thu Nov 06, 2014 9:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: I-T Bond Funds in IRA
Replies: 3
Views: 435

Re: Pension lump sum offer - am I thinking clearly?

Jimb, The firm was Nortel Networks Inc the U.S. subsidiary of Nortel Networks Corp headquartered in Toronto. I see now that PBGC did pick up responsibility for the US employees sometime after the bankruptcy with certain limits. Sorry if I misled anyone. I lost some of my retirement benefits that cou...
by tomd37
Thu Nov 06, 2014 8:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension lump sum offer - am I thinking clearly?
Replies: 32
Views: 2458

Re: Pension lump sum offer - am I thinking clearly?

Twelve years ago in 2002,upon reaching retirement age of 65, I had the option to take a pension plan payment option or a lump sum payment option. I had a "gut" feeling at the time about the financial stability of the company (a very large telecommunications company) and opted to take the l...
by tomd37
Wed Nov 05, 2014 11:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension lump sum offer - am I thinking clearly?
Replies: 32
Views: 2458
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