Search found 4795 matches

by HueyLD
Sat Apr 22, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: IRA One-Rollover-Per-Year Rule
Replies: 6
Views: 310

Re: IRA One-Rollover-Per-Year Rule

Twice this year I did a trustee to trustee transfer from an old 401k to a Vanguard IRA. I still have money left in the old 401k and want to do a third transfer. I am confused on the IRA one-Rollover-Per-Year Rule. I think I am fine because it appears that trustee to trustee transfers do not apply b...
by HueyLD
Sat Apr 22, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Ally Bank Just Raised 5yr CD to 2.25%
Replies: 27
Views: 3267

Re: Ally Bank Just Raised 5yr CD to 2.25%

The big problem I have with TIPS is that the brokers can't seem to get the OID and ABP bookkeeping right. We've gotten five 1099 corrections from our brokers this year and all the corrections concerned TIPS.

Who is the broker? Vanguard?
by HueyLD
Sat Apr 22, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Taxation of Treasury Bills (Question)
Replies: 8
Views: 511

Re: Taxation of Treasury Bills (Question)

This question assumes a taxable account. Treasury bills are sold at a price less than face value and the investor (who owns the security) receives the face value at maturity. The investor may sell prior to maturity and receive more or less (usually less) than the face value. My question is how is t...
by HueyLD
Fri Apr 21, 2017 10:33 am
Forum: Investing - Theory, News & General
Topic: Tax Reform and Impact on 401(k) [Wall Street Journal article]
Replies: 11
Views: 980

Re: Tax Reform and Impact on 401(k)

fishmonger wrote:Trying to predict tax reform is a fool's errand..

+1 well said.
by HueyLD
Thu Apr 20, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Costco battery replacement possible after a year and half?
Replies: 11
Views: 927

Re: Costco battery replacement possible after a year and half?

Per Costco.com: Limited Warranty Costco Wholesale provides this limited warranty to the original purchaser. This battery, when used in a passenger vehicle corresponding to or smaller than the vehicle manufacturer's recommended size and capacity, is free of defects in material and workmanship. This l...
by HueyLD
Thu Apr 20, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 287
Views: 25187

Re: Larry Swedroe says "Goodby."

Thank you Larry. May you have a wonderful retirement. You earned it.
by HueyLD
Mon Apr 17, 2017 8:00 pm
Forum: Personal Consumer Issues
Topic: Is my electric bill high?
Replies: 56
Views: 4308

Re: Is my electric bill high?

I'm in Southern California, in a 2500 sq. ft. house. Just the electricity part of my utility bill averages 1500 kWh/month which is about $300. It's always seemed high to me but I have no basis for comparison. Would love to hear usage and charges/month from other members! Added detail: I have a pool...
by HueyLD
Mon Apr 17, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: Telephone Problem
Replies: 10
Views: 700

Re: Telephone Problem

What kind of "old" phone do you have? The old Ma Bell touch tone phone?
by HueyLD
Mon Apr 17, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: How Easy is an Obamacare Tax Penalty Exemption?
Replies: 18
Views: 913

Re: How Easy is an Obamacare Tax Penalty Exemption?

In this thread ( https://www.bogleheads.org/forum/viewtopic.php?f=2&t=205527 ), the OP said that he has excellent health insurance through a foreign insurer that fully covers me in the US. To the OP, the hardship application form requires you to sign and certify as follows: "I agree that: •...
by HueyLD
Sat Apr 15, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to purchase an i-Bond with a co-owner and a beneficiary?
Replies: 2
Views: 272

Re: Is it possible to purchase an i-Bond with a co-owner and a beneficiary?

If I had a TreasuryDirect account, will I be able to purchase i-bonds and specify my wife as co-owner and my child as beneficiary? I read that you can register an i-bond with a co-owner or with a beneficiary, but not with both. You cannot have a co-owner for TD savings bonds. Rather, you can have a...
by HueyLD
Sat Apr 15, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 10515

Re: My kids don't care about saving

Give your young adult children a break. Don't tell them what to do. Suggest instead.

And yes put Christmas money in their IRA ILO cash.

They will come around someday.
by HueyLD
Tue Apr 11, 2017 10:49 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 83
Views: 11361

Re: You can never go "home" - retirement

Brad,

What's wrong with renting?
by HueyLD
Tue Apr 11, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 37
Views: 2363

Re: Breaking up with my Financial Investor

I contacted Vanguard first, signed the papers, and got the transfer under way. That meant the decision was already done and there was nothing to discuss with the FA. I then did contact the FA, not so much out of courtesy but because I wanted to ensure their cooperation in the transfers. Here is wha...
by HueyLD
Tue Apr 11, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard RMD Service
Replies: 9
Views: 1095

Re: Vanguard RMD Service

Page 14 under "distribution options."
by HueyLD
Tue Apr 11, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard RMD Service
Replies: 9
Views: 1095

Re: Vanguard RMD Service

If the OP has lots of ETFs in his IRA account and does not want to sell those positions, he may want to skip the RMD service and ask for "in-kind transfer" instead. I remember reading a while back that one could ask for an in-kind transfer and Vanguard would move an investment (e.g. indivi...
by HueyLD
Tue Apr 11, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 83
Views: 11361

Re: You can never go "home" - retirement

Kitty Telltales wrote:One problem aboutgoing back at this point is that my not-so-nice sister has also moved back to town and she would make for a bad neighbor.

LOL!!
by HueyLD
Tue Apr 11, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 83
Views: 11361

Re: You can never go "home" - retirement

Going "home" is easier said than done. You were a child then, but you are an adult now. You may not know anyone back "home" and your home town may not be suitable for your adult self. If you really want to fulfill your dream, rent a place there for the coldest six months of the y...
by HueyLD
Tue Apr 11, 2017 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard RMD Service
Replies: 9
Views: 1095

Re: Vanguard RMD Service

You can take your RMD amount only from Vanguard mutual funds.

See https://personal.vanguard.com/pdf/s316.pdf?2210068614
by HueyLD
Tue Apr 11, 2017 8:47 am
Forum: Personal Consumer Issues
Topic: Combatting mosquitoes traveling in S. America
Replies: 37
Views: 1781

Re: Combatting mosquitoes traveling in S. America

(btw, Honduras is in North America). You ought to meet halfway on this. Honduras is actually in Central America. Here is a map of Central America. https://www.google.com/search?q=map+of+central+america&ie=utf-8&oe=utf-8 I agree with the suggestion of a mosquito net for the bed and plenty of...
by HueyLD
Sun Apr 09, 2017 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Telling Family About Daughters 529 For Gifts
Replies: 52
Views: 3379

Re: Telling Family About Daughters 529 For Gifts

Your kids having received too many toys is definitely a first world problem. There may not be much you can do about it. However, you can start by being the leader of your family's "go fund my 529" movement. In other words, don't give your family members' kids toys. Instead, set up or contr...
by HueyLD
Sat Apr 08, 2017 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust.....Listing of Assets
Replies: 7
Views: 848

Re: Revocable Living Trust.....Listing of Assets

The purpose of a list is for yourself (when you get older), your spouse, your successor trustee and your beneficiaries to track down assets when the time comes. So, you should keep it updated regularly. Pick a date in a year (such as your birthday) and update the list as needed. It will help everyon...
by HueyLD
Tue Apr 04, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: Beneficiaries/TOD for Vanguard Joint Account
Replies: 15
Views: 659

Re: Beneficiaries/TOD for Vanguard Joint Account

I just checked our joint taxable account, and I have "primary" beneficiary (wife), and "secondary" beneficiaies ( our daughters). Not sure why you can't set it up. Vanguard does state you don't need beneficiaries for joint account, but I have them. Very interesting. Is your acco...
by HueyLD
Tue Apr 04, 2017 10:13 am
Forum: Investing - Theory, News & General
Topic: Beneficiaries/TOD for Vanguard Joint Account
Replies: 15
Views: 659

Re: Beneficiaries/TOD for Vanguard Joint Account

letsgobobby wrote:This is not a taxable event, correct?

Correct provided that the owners of the joint account are the same as the trustors of the trust.
by HueyLD
Tue Apr 04, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Beneficiaries/TOD for Vanguard Joint Account
Replies: 15
Views: 659

Re: Beneficiaries/TOD for Vanguard Joint Account

what is involved in moving jointly held taxable assets at VG to a trust? It will be a slow process. First, you need to have a trust set up. Second, call vanguard and ask which form(s) you need to fill out. There are different forms for brokerage vs. MF only accounts. Medallion sig. gty. may be requ...
by HueyLD
Mon Apr 03, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: Beneficiaries/TOD for Vanguard Joint Account
Replies: 15
Views: 659

Re: Beneficiaries/TOD for Vanguard Joint Account

I tried to add beneficiaries or assign TOD to our Vanguard joint account, but was told that they don't allow beneficiaries with joint accounts, and that the account defaults to the survivor if one of the account owners dies. But my question is what happens if both owners die; I assume that it has t...
by HueyLD
Sat Apr 01, 2017 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 18
Views: 1460

Re: Tax question

I moved from the west to east coast early last year for a job. My husband used a relocation company to plan my move. They directly paid the relocation company and then added their cost to my income in my W2 . They told me that they paid tax for that amount so it is a benefit for me tax-free. Howeve...
by HueyLD
Fri Mar 31, 2017 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: AB Trust - Post American Taxpayer Relief Act of 2012
Replies: 7
Views: 431

Re: AB Trust - Post American Taxpayer Relief Act of 2012

By including some assets of the B trust in the wife's estate (let's assume that she is the second to die), the basis can be steped up without having to transfer it to the A trust. Typically one would pick those with the most capital gains (lowest cost basis). The AB Disclaimer trust does look very i...
by HueyLD
Fri Mar 31, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Familiar w/ Uber/Lyft Taxation?
Replies: 7
Views: 839

Re: Anyone Familiar w/ Uber/Lyft Taxation?

Sounds like a good plan.

I think that $2,300 appears to be the commission taken by Uber and $1,500 consists of other fees paid by Uber on drivers' behalf. They should both be deductible IMO.
by HueyLD
Fri Mar 31, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: AB Trust - Post American Taxpayer Relief Act of 2012
Replies: 7
Views: 431

Re: AB Trust - Post American Taxpayer Relief Act of 2012

CaliJim, California state law may or may not allow this, and you need to ask your estate planning attorney for CA specific issues. In my state, the surviving trustor (your wife, as an example) can have a "general power of appointment" exercisable only by her will which specifically refers ...
by HueyLD
Fri Mar 31, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Familiar w/ Uber/Lyft Taxation?
Replies: 7
Views: 839

Re: Anyone Familiar w/ Uber/Lyft Taxation?

I found this guidance to be quite useful https://www.hrblock.com/pdf/Partner-Facing-Guide-FAQ-Combined.pdf Form 1099-K is used to report payments you received from riders. This includes gross fares in addition to the expenses that Uber paid for on the your behalf , which is broken down on the Tax Su...
by HueyLD
Fri Mar 31, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 18
Views: 1460

Re: Tax question

wrongfunds wrote:How can they be deductible if they were paid by the employer? It seems rather obvious to me!

Because the reimbursement was added to the W-2. If the reimbursement was not added to his W-2, the amount would be nondeductible.

Read the IRS instructions please.
by HueyLD
Fri Mar 31, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 18
Views: 1460

Re: Tax question

I moved from the west to east coast early last year for a job. My husband used a relocation company to plan my move. They directly paid the relocation company and then added their cost to my income in my W2. They told me that they paid tax for that amount so it is a benefit for me tax-free. However...
by HueyLD
Fri Mar 31, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Filing for Tax Deductions & Credits for Tuition/Grad School
Replies: 19
Views: 627

Re: Filing for Tax Deductions & Credits for Tuition/Grad School

Makes sense; I'll try each form independently and see. What comes out and measure for the best. Thanks again! My recommendations: Do not just "try" each form. Rather, read the IRS form instructions and pub 970. Thre are very different conditions that must be met before a credit or deducti...
by HueyLD
Thu Mar 30, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Filing for Tax Deductions & Credits for Tuition/Grad School
Replies: 19
Views: 627

Re: Filing for Tax Deductions & Credits for Tuition/Grad School

Using 2106-EZ is the least desirable option because it will be included as misc. itemized deduction and subject to the 2% AGI floor.

The requirement for education related deduction for 2106-EZ is different from (2) and (3). And the general rule of "no double dipping" still applies.
by HueyLD
Thu Mar 30, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Filing for Tax Deductions & Credits for Tuition/Grad School
Replies: 19
Views: 627

Re: Filing for Tax Deductions & Credits for Tuition/Grad School

I assume that the OP meant 1040-EZ, not 2106-EZ.

Item (2) and Item (3) are mutually exclusive. You have to choose one or the other. (2) is usually better than (3) unless you are in a high tax bracket.
by HueyLD
Thu Mar 30, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 143
Views: 7948

Re: When do you plan to die?

I plan to die after I spend the last million dollars of borrowed money.
by HueyLD
Tue Mar 28, 2017 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it
Replies: 22
Views: 2153

Re: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it

Good luck. Hope your issue is resolved before year end. In the meantime, just file your tax return using the 1042-S and attach an explanation to your return indicating your unsuccessful efforts in trying to get Fidelity to issue a correct tax form. Does your tax liability change if it's on the 1042...
by HueyLD
Tue Mar 28, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it
Replies: 22
Views: 2153

Re: Fidelity issued 1042-S Instead of 1099R. They Refuse to Change it

A few suggestions for you. (1). Send Fidelity a completed form W-9 indicating that you are a U.S. Citizen and not subject to the 30% withholding. (2). If necessary, contact one of the executives Below: EXECUTIVE CONTACTS Primary Contact Hank Kucinski Director of Operations Excellence 245 Summer Stre...
by HueyLD
Mon Mar 27, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: Can a cell phone get hacked?
Replies: 20
Views: 1984

Re: Can a cell phone get hacked?

Can a dumb phone (the old flip phone) be hacked? General rule of thumb: If it has software, it can be hacked. It's just a matter of if someone's bothered to look. It's nearly impossible to make a large software project that is devoid of bugs. The space shuttle software might have come close, but ev...
by HueyLD
Mon Mar 27, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: NYS medicaid Pre 65 - no asset test?
Replies: 17
Views: 991

Re: NYS medicaid Pre 65 - no asset test?

Googling leads me to various NYS websites that seem to back this up, that this was part of the medicaid expansion act. Despite NYS telling us this, as well as various websites it just seems impossible. Can someone with almost 2 million dollars in assets really qualify for medicaid in this situation...
by HueyLD
Sun Mar 26, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: 1040 tax reporting for referral income
Replies: 7
Views: 655

Re: 1040 tax reporting for referral income

May I suggest "Awards?" It is a term used by the IRS in describing line 21 income items.

I applaud your honesty. Many taxpayers may not even bother to report it.
by HueyLD
Sun Mar 26, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Any tax deductions from vacant second home?
Replies: 24
Views: 1156

Re: Any tax deductions from vacant second home?

Property taxes could be deducted against rental income, but there is no credit for expenses higher than the rental income. The OP said that there was no rental income. I do not think you can deduct the property taxes as this is not your full time residence. All property taxes are deductible includi...
by HueyLD
Sun Mar 26, 2017 10:37 am
Forum: Personal Consumer Issues
Topic: Can a cell phone get hacked?
Replies: 20
Views: 1984

Re: Can a cell phone get hacked?

Can a dumb phone (the old flip phone) be hacked?
by HueyLD
Sun Mar 26, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Social Security earnings record
Replies: 5
Views: 628

Re: Social Security earnings record

SE taxes can only be obtained from tax returns. The SSA updates its MEF weekly from various sources. Due to the volume involved, it is likely to be near the end of 2017 before your 2016 earnings records are updated.

Be patient.
by HueyLD
Sun Mar 26, 2017 7:54 am
Forum: Investing - Help with Personal Investments
Topic: how to get a certified translation of bank statement
Replies: 8
Views: 425

Re: how to get a certified translation of bank statement

First, ask the brokerage what is acceptable to them and go from there.

Depending on the dollar amount, you may or may not be able to get it done cheaply.

The AIT can also certify documents, but they must be translated into English first.
by HueyLD
Sun Mar 26, 2017 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K: 1099 income reported as 'Other Income'
Replies: 5
Views: 373

Re: Solo 401K: 1099 income reported as 'Other Income'

Hi Bogleheads, Today I went to do our taxes with my CPA and he raised an issue with the way my wife's income is reported on her 1099. She started working as a consultant in 2016 and this is her first year filing taxes and doing Solo 401K. Her income is reported in Box 3 'Other Income ' and my CPA b...
by HueyLD
Sat Mar 25, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: CaIn We File 1040 MFS if We Didn't Receive Premium Tax Credit as MFJ?
Replies: 7
Views: 226

Re: CaIn We File 1040 MFS if We Didn't Receive Premium Tax Credit as MFJ?

You do not qualify for any PTC and must pay back all APTC if you do MFS and do not meet one of the exceptions. The exceptions only apply if undesirable relationships existed between you and your wife such as you abused and/or abandoned her. From the IRS: Even if you are considered married for federa...
by HueyLD
Sat Mar 25, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Question about Medicare Easy Pay Form (SF-5510)
Replies: 1
Views: 189

Re: Question about Medicare Easy Pay Form (SF-5510)

Yes, any bank employee can sign.
by HueyLD
Sat Mar 11, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Form
Replies: 12
Views: 924

Re: Turbo Tax Form

The CD version also allows you to install the software in both Windows and Mac computers and that's a real good feature if you have both types of gadgets.

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