Search found 115 matches

by PennySaved
Wed Apr 19, 2023 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Logistics of Executing Wills and Getting Attorney's Help
Replies: 25
Views: 2255

Re: Logistics of Executing Wills and Getting Attorney's Help

"(Virginia, for example, does not allow named executors to serve if they are domiciled in another state)."

Oops. I live in Virginia and my named trustee for my revocable trust when I die and named executor for my will do not live in Virginia. Neither does the backup trustee or executor. I don't have any family members that live in Virginia. Not sure what to do about this.
by PennySaved
Wed Feb 24, 2021 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: What IRA distributions to report on Form 1040 line 4a
Replies: 3
Views: 571

Re: What IRA distributions to report on Form 1040 line 4a

Thanks FIREChief. I will report all the IRA distributions on line 4a. Seems like the safest thing to do.
by PennySaved
Wed Feb 24, 2021 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: What IRA distributions to report on Form 1040 line 4a
Replies: 3
Views: 571

What IRA distributions to report on Form 1040 line 4a

I do my own taxes myself, and am I confused about what IRA distributions get reported on Form 1040 line 4a. The IRS instructions seem to indicate that taxable distributions from a traditional IRA do NOT get reported on line 4a (unless they meet a long list of exceptions), but do get reported on line 4b. In 2020, I had distributions from: (1) an inherited IRA (fully taxable, assume no non-deductible contributions involved) distribution code 4 on 1099-R (2) taxable distributions from a traditional IRA (“rollover IRA”) I created by rolling over part of my TSP retirement account a few years ago and (3) conversions from this same non-inherited IRA (“rollover IRA”) to a Roth IRA. Total distributions for (2) and (3) were reported on one Form 100-R...
by PennySaved
Sun Feb 23, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI limit for passive loss deductions
Replies: 2
Views: 399

MAGI limit for passive loss deductions

Does MAGI limit of $150,000 for passive loss deductions include Roth conversion income? What about pension income? The IRS instructions for Form 8582, does not specifically exclude Roth conversion income or pension income as those are not specifically listed in on page 10 of the Form 8582 instructions. Looking for confirmation of my understanding of this issue or if I am wrong. I am trying out Credit Karma software and it seems to exclude my Roth conversion income and pension income, putting my MAGI under $150,000 and allowing a passive loss deduction from my rental activity. I thought I was not able to take this deduction.
by PennySaved
Fri Feb 21, 2020 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Karma Tax
Replies: 26
Views: 4008

Re: Credit Karma Tax

I have been doing my own taxes for years, the last few using Excel 1040, free product. I decided to check my numbers using the Credit Karma tax software. I had a number of small issues, but the two big ones are the following which I have sent to Credit Karma support to see what they say. I would appreciate is anyone can weigh in and tell me if my understanding of MAGI limits for Roth Contributions and Passive Activity Loss deductions is correct or not. 1. The tax software is saying my entire $7000 Roth IRA contribution is an excess contribution for 2019 and I owe a tax for that. I think it is including my Roth IRA conversion income as part of the Roth IRA income limit for contributions. This MAGI limits, starts at $122,000 and phases out at...
by PennySaved
Thu Feb 13, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting Virginia municipal bond funds dividends properly
Replies: 0
Views: 289

Reporting Virginia municipal bond funds dividends properly

I have a question about how to report dividends from a tax-exempt municipal bond fund on my state tax return (Virginia). The fund in question is the T.Rowe Price Virginia Tax-Free Bond fund. On my form 1099-DIV, Box 11 gives me the amount of exempt-interest dividends. Then instructions from T.Rowe Price say to multiply the amount in Box 11 by the percent of the fund’s dividend income that is exempt from state tax. So for 2018, the amount in Box 11 was $2,329.71 and the percent exempt from state tax for Virginia Tax-Free Bond fund was 99.80%. So that means that 0.2% is not exempt from Virginia state taxes, correct? And I should have reported (0.002 * $2329.71 = $4.66) as dividend income on my VA state income tax return Schedule ADJ as exempt...
by PennySaved
Wed Dec 11, 2019 1:30 am
Forum: Personal Finance (Not Investing)
Topic: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefits?
Replies: 83
Views: 19948

Re: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefi

Fidelity rewards card benefits can be found here: https://www.fidelityrewards.com/credit/benefits.do Card Benefits for Better Living3  2 Points for every eligible net dollar spent  Every $2,500 spent equals a $50 deposit into your eligible Fidelity account1  No annual fee  No reward caps or limits, and your Points will not expire  Choose from Fidelity Rewards – cash deposits into up to five eligible Fidelity account(s), or redeem your Points toward travel, merchandise, gift cards, and statement credit.1  No preset spending limit4  24/7 cardmember support  24-hour Visa Signature® Concierge5 service  Signature privileges, including travel, dining, sporting, entertainment and shopping offers and savings  Auto rental collision damage ...
by PennySaved
Fri Jan 25, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Your Thoughts on Gov Shutdown for Gov Workers
Replies: 25
Views: 1806

Re: Your Thoughts on Gov Shutdown for Gov Workers

Loans require that one make PAYMENTS which is normally done from money received from a PAYCHECK.
by PennySaved
Wed Jan 23, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 510
Views: 78598

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

I am one four siblings (2nd oldest). Youngest sibling is more than a decade younger than me, had a slight physical disability, but did graduate college and had a job. He basically lived with my parents after college and lived with them rent free. After some years, he was no longer working but stayed with my parents and helped my elderly mother taken care of my father who had Alzheimer’s for three years and then died. He stayed with my Mom after that and drove her where she needs to go and did the grocery shopping and other things. After eight more years, Mom’s health goes downhill, and he takes over managing her affairs and taking care of her at home with assistance of hired caregiver. During her last year or two of life, Mom changed her w...
by PennySaved
Tue Jan 22, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 510
Views: 78598

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

I am one four siblings (2nd oldest). Youngest sibling is more than a decade younger than me, had a slight physical disability, but did graduate college and had a job. He basically lived with my parents after college and lived with them rent free. After some years, he was no longer working but stayed with my parents and helped my elderly mother taken care of my father who had Alzheimer’s for three years and then died. He stayed with my Mom after that and drove her where she needs to go and did the grocery shopping and other things. After eight more years, Mom’s health goes downhill, and he takes over managing her affairs and taking care of her at home with assistance of hired caregiver. During her last year or two of life, Mom changed her wi...
by PennySaved
Fri Sep 01, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 73
Views: 11742

Re: How many "investment" accounts do you have?

523HRR wrote: Thu Jul 07, 2016 7:51 pm 33 investment accounts, excluding 6 checking, savings and money market.

7 brokerage accounts
5 traditional/rollover IRAs
6 contributory pension accounts
4 Roth IRAs
2 401Ks
2 deferred compensation accounts
2 restricted stock accounts
2 direct purchase stock accounts
1 Health Savings Account (HSA)
1 529 Plan
1 Education Savings Account (ESA)
Your list made me think of singing it to the tune of a "Twelve Days of Christmas"
by PennySaved
Fri Sep 01, 2017 9:24 pm
Forum: Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 54
Views: 6564

Re: RMDs - so what?

What is the fundamental problem with having to take RMDs? Sorry to ask a probably ignorant question. For some folks, their RMDs will push their extra income up into a higher Federal tax bracket. Such as from 15% to 25%. Because the RMD is based on the account balance, taking more distributions than needed earlier before age 70.5 saves them 10% in federal tax payments. If you have a federal pension, like I will have, then my retirement tax bracket is going to be 25% with pension alone. I have run RMD calculators to project what my RMDs will be after age 70.5, and they will be high enough in some years that some of my income will be at the 28% tax rate (or even higher). So I would pay 3% higher tax on additional income, not as large as 10% m...
by PennySaved
Sun Aug 07, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: IRS IP PIN [Identity Protection PIN]
Replies: 7
Views: 4025

Re: IRS IP PIN [Identity Protection PIN]

Thanks for the alert. As a federal employee subject to the OPM data breach, I sent letters to the IRS last year explaining my risk for identity theft and seeking a way to get an IP PIN. I got written response back that I am approved to register for an IP PIN, but the IP PIN webpage was not working for months. So now that the webpage is working again, I have tried to register but it is failing me. It says you have to have a mobile phone registered in your name to which you will be sent a message. I had answered a question affirmatively that I had a mobile phone, but it does not ask for the number at that point. It wants a financial account numbers to verify with Equifax. The first one I gave them, my mortgage account number, did not work. So...
by PennySaved
Thu Jul 28, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Are there any dental insurance worthwhile?????
Replies: 31
Views: 6576

Re: Are there any dental insurance worthwhile?????

I found also that the dental insurance was break even for the routine visits involve cleaning. But then I never know when I would need additional work done (replace fillings or crowns), and then having the insurance saved me some. I get the dental insurance through the Federal employee plans. I pay for it all myself through payroll deductions, but the amount I contribute to the insurance is not taxed, just like my payments for the health insurance. Thus I am saving 25% Federal and 5.75% state taxes on the income used for the dental insurance. So it is not exactly break-even, but I view it as getting a 30.75% discount on my routine dental work. So this is another reason I keep the insurance. Whatever insurance does not pay, I can get reimbur...
by PennySaved
Wed Aug 19, 2015 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

Now I wish I didn't get the visa's :/ How would I get money out other than via ATM? [ /b]Could I just shut the accounts down and have them send me a check? You can get money out by using the debit card to buy a money order at Post Office. Costs $1.25 for $0.01 to $500, costs $1.65 for $500.01 to $1000. May be a lot cheaper if you can get them at Walmart. I had never tried to buy one that was more than $500- I thought maybe there was a limit of $600 on a purchase with the debit card. Back when I was depositing $500 a month to one Mango account to avoid the fee, I would buy a $500 MO using the Mango card at PO. I did not deposit the MO to my bank (frequent deposits of MO to bank can raise suspicions). I used the MO to pay some of my monthly ...
by PennySaved
Fri Apr 24, 2015 10:01 am
Forum: Investing - Theory, News & General
Topic: Any of you folks pay mortgage with credit card?
Replies: 29
Views: 9603

Re: Any of you folks pay mortgage with credit card?

You can go to the Help section of Serve and it has a lot of FAQ that will explain things.

https://serve.com/help/?intlink=us-serv ... onse1-help
by PennySaved
Fri Apr 24, 2015 9:58 am
Forum: Investing - Theory, News & General
Topic: Any of you folks pay mortgage with credit card?
Replies: 29
Views: 9603

Re: Any of you folks pay mortgage with credit card?

Important for Serve- Note: Starting April 16, 2015 you will only be able to use an American Express® Card if you want to load your account with a credit card. Discover, MasterCard and Visa credit cards will no longer be supported after April 16. So yes, the terms of the game do change, but I stay on top of them by reading financial blogs and Serve did send out a message to folks regarding the change. I think the Amex cards issued by Amex don't get points, but the Fidelity Amex I use does earn points. You can schedule recurring money loads automatically in Serve. I had scheduled $200 per week and then was adding the 5th $200 manually. Except for April, I had loaded up the $1000 before April 16, because I was not sure what would happen after ...
by PennySaved
Wed Apr 22, 2015 10:37 pm
Forum: Investing - Theory, News & General
Topic: Any of you folks pay mortgage with credit card?
Replies: 29
Views: 9603

Re: Any of you folks pay mortgage with credit card?

$240 per year is worth it to me. May not be for others.
by PennySaved
Wed Apr 22, 2015 10:31 pm
Forum: Investing - Theory, News & General
Topic: Any of you folks pay mortgage with credit card?
Replies: 29
Views: 9603

Re: Any of you folks pay mortgage with credit card?

I load Serve with $1000 per month (max allowed) charged to my Fidelity Amex and use that to pay my part of my mortgage. This gets me $20 cashback on my Fidelity Amex. I get the remaining $168 mortgage payment using my debit card to load to Serve. Then I have Serve pay my Wells Fargo mortgage payment. No fees involved. The $1 per month Serve fee is waived because I load more than $500 per month.
by PennySaved
Tue Apr 21, 2015 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I see. Does this have to be a payroll based direct deposit, or if I set up a monthly automatic transfer from another online account will that suffice? Thanks. You can read back through the Bogleheads thread to see that some people are able to transfer money in to Mango from another online account for their deposits. Banks that work are Ally Savings, USAA and Alliant, to name a few. This webapge talks about accounts that allow you to ACH money to Mango http://thefinancebuff.com/mango-prepaid-card-6-apy-savings-account-a-hidden-gem.html Also read through the comments on the posting at thefinancebuff to see people's experiences with which banks allow transfers in to Mango to meet deposit requirements. Also you can look at the Fat Wallet threa...
by PennySaved
Tue Apr 21, 2015 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

Can you use mango debit to load serve online or at walmart? That may be an easier way to get money out. This is from the Wiki for the Serve thread at flyertalk http://www.flyertalk.com/forum/manufactured-spending/1644834-serve-another-paypal-amazon-payments-2015-a.html Loads at Walmart have been confirmed with debit cards. Self checkout does not work for loading Serve. Many Walmart stores are enforcing a rule against the use of prepaid debit cards when loading, even though the register and the MCE do not enforce. Do not make your prepaid debit cards visible. Show them a bank debit card if asked, then discreetly use your prepaid card when asked to swipe. Otherwise, you may be asked by management to never visit the MC (Walmart Money Center) ...
by PennySaved
Tue Apr 21, 2015 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

... Checked my Mango savings account for March and I received the higher interest rate paid (5.89%). So I can confirm you don't need the $50 per month DD to get the higher interest rate on savings. Is there some place on the Mango website that states your interest rate? I looked, but didn't see it anywhere. It's my understanding that banks are required to provide that information on their statements. Go to this webpage for Mango Savings Account Customer Agreement https://www.mangomoney.com/customer-agreements/savings-account-customer-agreement Scroll down about halfway down the page, you will see Rate Information Promotional Rate For Card Accounts With Direct Deposit Balance: $5,000 or less Promotional Interest Rate- 5.85% on entire balanc...
by PennySaved
Thu Apr 16, 2015 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

achen9291 wrote:Can I have 3 mango accounts? Or do I need to have at least 1 Credit Union? out of the 3. Total?
Somebody over at the Mr Money Moustache forum says they have 3 Mango debit card accounts and 1 UnionPlus debit card account. Poster "BlueBeard" that posted on 4/16/15
http://forum.mrmoneymustache.com/reader ... -5-on-$5k/
by PennySaved
Thu Apr 16, 2015 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

FYI, Fat Wallet has a new thread going talking about other prepaid debit cards with high interest savings accounts:


5%/6% Interest Savings Accounts at 5K (or less): NetSpend, Mango, Union Plus, Control Card, Others?
http://www.fatwallet.com/forums/finance/1434408/

You need to read all the fees and conditions for each card on the card website to determine if they are appropriate for you. I am have been pushing my extra money into other things like Lending Club and I want to buy some more I-bonds this year, so I don't have any extra cash right now to open another debit card account with high interest savings, but others may be interested in checking out the possibilities.
by PennySaved
Thu Apr 16, 2015 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I read on the Mango postings over at Fat Wallet that a few folks had their account shutdown for pulling money out via ACH to their bank, but many others say they do it successfully. But it does not work with all banks. I did not want to experiment with that.

http://www.fatwallet.com/forums/finance ... 1/?start=0


Now that I have DD amount down to a minimum, I will just let the interest in the savings build up and if I get close to $500 in interest total in my three accounts that exceeds the $15,000 total savings I have in all three, I can transfer that interest from the two accounts to one account and use the debit card to spend it or go and get a money order. PO is right downstairs from me in my building.
by PennySaved
Thu Apr 16, 2015 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

My direct deposit from my Federal employee salary shows up as this: EFT Load - 3423880:FED SAL@COM2 TREAS 310 Thanks, PennySaved for confirming that we don't need $50 direct deposit per month. But, do we need direct deposit each month? It seems that we only need two direct deposit totaling $50 to enroll in DD but there is nothing about having to continue it to get the 6% APY. Also, I have a strange question. My husband was very suspicious in doing internet banking. He asked me how do we know that Mango is not a scam. Anyone knows? I saw that several people have posted that they received 1099, that should mean they are legit, correct? I wonder about unionplus as well. Well, here is what it says on the Mango website. Actually kind of confusi...
by PennySaved
Wed Apr 15, 2015 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

My direct deposit from my Federal employee salary shows up as this:

EFT Load - 3423880:FED SAL@COM2 TREAS 310
by PennySaved
Sat Apr 11, 2015 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I changed my Mango direct deposit in mid-March from $50 per month to $6 per month. I get paid biweekly. I had one $25 deposit and one $3 deposit in March for a total of $28 (<$50). Checked my Mango savings account for March and I received the higher interest rate paid (5.89%). So I can confirm you don't need the $50 per month DD to get the higher interest rate on savings.
by PennySaved
Mon Mar 16, 2015 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I've been trying to open a mango account for awhile but keeps giving me errors telling me my info is wrong... but i've tried many times. :( are you guys entering social security with straight numbers or with dashes? xxx-xx-xxx? or xxxxxxxx? I don't have an official address right now but i use the one im staying at, i don't think it should affect anything. I tried calling them but it was no help. I went and looked on some other blogs where folks reported problems trying to open an account with Mango and were getting verification errors. One guy who was using Safari browser changed to using Chrome and then was successful. Another who switched to Chrome still had problems. One person said he got it to work only after he entered his SS number ...
by PennySaved
Mon Mar 09, 2015 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: MangoMoney account: 6% APY for Emergency Funds

I am reading some of the other blogs' threads about Mango and how to get the money out. Some folks have had some success pulling back Mango money to their bank using ACH, but success varies with the different banks and some people experience glitches or their bank will not recognize the Mango account routing number. Others has said they were able to get money out by paying their credit card bills on the credit card website using Mango (I guess using its routing number as checking account number?). I may try this now. Also I realize now I don't need to Direct Deposit $50 per month per account, I only need to direct deposit, say $5 to make sure monthly fee is covered. I know that I have used Mango at the grocery before for purchases and gotte...
by PennySaved
Mon Mar 09, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: MangoMoney account: 6% APY for Emergency Funds

It looks like they kick in an extra $20 if you have 2 direct deposits $50 or more within the first 3 months. For those of you who have this with the 6%/direct deposit, what do you do? Continue to let the balance build and earn .1% on the remainder? I try and keep the savings account balances no more than $5000. You can just spend the money on the debit card for small items or lunches, although I don't do that because it is too hard for me to keep track of the balance. I am putting $50 in direct deposit on each of three different accounts (2 Mango and 1 UnionPlus), plus I have about $25 in interest per month from each savings account, so I have about a total of $225 every month that I need to get off the debit account. So every few months, ...
by PennySaved
Mon Mar 09, 2015 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: MangoMoney account: 6% APY for Emergency Funds

I have had one Mango account for two years now and I set up a 2nd account about a year ago. How do you set up more than one account? Does this mean you can get 6% (minus fee) on $5k per account , and have multiple accounts? Yes you can have more than one account. You need to have a different mobile (cell) phone number for each account. I believe this is so you can use the Mango phone apps, although I only access my account using my personal computer. Each savings account attached to a prepaid debit account can qualify for the 6%. I also have a UnionPlus prepaid debit account that offers 5.1% APY on savings account up to $5,000 with direct deposit to the debit account. Monthly service fee is $2 with direct deposit. You can transfer money be...
by PennySaved
Sun Mar 08, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: MangoMoney account: 6% APY for Emergency Funds

there is also an older Mango thread

viewtopic.php?f=2&t=94135&hilit=mango

I have had one Mango account for two years now and I set up a 2nd account about a year ago. It used to be one could avoid the monthly service fee by direct depositing $500 per month, but now that option has gone away and the service charge is $3 but you still need to direct deposit something. Still not a bad return on one's money for a savings account.
by PennySaved
Fri Feb 27, 2015 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: List of favorite accounts
Replies: 44
Views: 26800

Re: List of favorite accounts

And now Serve has an auto load feature. I have it set to load $200 per week and I do the fifth load of the month manually to make the maximum of $1000 per month for my credit card.
by PennySaved
Fri Feb 27, 2015 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: List of favorite accounts
Replies: 44
Views: 26800

Re: List of favorite accounts

I have a Serve account so that I can get cash back from charging part of my mortgage payment to my Fidelity Amex credit card which gives 2% back. Serve allow me to load up to $1000 per month (max $200 per day) to the account using my Fidelity Amex. Then I load to Serve another $140 using a debit card from my checking account. Then I use billpay feature of Serve to pay my ~$1140 monthly mortgage to Wells Fargo. This nets me $20 per month in Fido Amex cash back which goes to my Fidelity Cash Management Account. Serve monthly fee of $1 is waived because I load more than $500 per month.
by PennySaved
Fri Feb 27, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax’s Anti-Fraud Efforts Under Scrutiny
Replies: 2
Views: 719

TurboTax’s Anti-Fraud Efforts Under Scrutiny

TurboTax’s Anti-Fraud Efforts Under Scrutiny

http://krebsonsecurity.com/2015/02/turb ... -scrutiny/

Two former security employees at Intuit — the makers of the popular tax preparation software and service TurboTax – allege that the company has made millions of dollars knowingly processing state and federal tax refunds filed by cybercriminals.
by PennySaved
Fri Feb 27, 2015 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

PennySaved wrote:I also got corrected 1099-INT forms from Mango on Feb 20. Although I did request them. I am still waiting for the corrected 1099-INT from UnionPlus. It has been two weeks since I called them.

I did finally receive my corrected 1099-INT form for my UnionPlus debit prepaid savings account.
by PennySaved
Sat Feb 21, 2015 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I also got corrected 1099-INT forms from Mango on Feb 20. Although I did request them. I am still waiting for the corrected 1099-INT from UnionPlus. It has been two weeks since I called them.
by PennySaved
Mon Feb 16, 2015 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I got my 1099-INT forms from Mango, both had interest incorrectly reported in Box 3, rather than in Box 1. I called them to request corrected 1099-INTs. So I am waiting on those and a corrected 1099-INT from UnionPlus. I do have to file a Schedule B and I also have I-bonds that are tax deferred. I am still waiting on other tax forms, such as my 1099 for my Virginia tax free municipal fund from T Rowe Price (through Vanguard).
by PennySaved
Thu Feb 05, 2015 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

For those who are using Quicken, do Mango accounts download properly in there ? I'm thinking of signing up for Mango, but only if I can track the balances/fees easily in Quicken. I have never downloaded Mango Money transactions into Quicken. I did a Google search and found that Mango Money is one of the new financial institutions added to Quicken 2015 version. See https://quicken.intuit.com/support/help/list-of-new-financial-institutions-added-to-quicken-2015-for-windows/GEN86563.html But I am using the Quicken 2013 version. When I attempted to try a Mango account setup using Quicken 2013, it could not find the bank online (neither using search for Mango or Rev) and Quicken said I would have to enter transactions manually. I don't have muc...
by PennySaved
Wed Feb 04, 2015 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I called UnionPlus about the 1099-INT error. The customer service rep already was aware about the Box 3 (US bonds interest) error and told me to just enter the amount in Box 3 as regular interest on my tax forms and it would be OK. I explained that the IRS gets copies of these 1099s and that this information would not match what I had put on my tax form. She again just told me to enter it correctly on the tax form. I told her that then the govt would think I had govt bond interest when I did not have any. She then told me that UnionPlus would send me a corrected 1099-INT. I had to verify a bunch of personal information such as address and computer user ID and date of birth. So I will have to see if they actually send me a corrected tax form...
by PennySaved
Tue Feb 03, 2015 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I got a reply email from UnionPlus about the email I sent them regarding Form 1099-INT error and apparently I have to call them instead of handling the issue by email: For your account security, we cannot discuss any specific details of your account over email. If your question has to do with specific account information, please call customer service at 1-888-232-3260 for assistance. You can also respond to this email with your name, a callback number, and an ideal time to reach you, and a representative will call to assist you as soon as possible. I will have to call them later when I have my card number handy. I am hoping that maybe they have already been alerted to the error and are working to correct it, but I will definitely call anyway.
by PennySaved
Mon Feb 02, 2015 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I got my UnionPlus account 1099-INT today. Interest is incorrectly reported in Box 3 (Interest on US Bonds, Treasuries) instead of Box 1 (Interest Income). I guess the same will happen for my Mango accounts. I logged onto my UnionPlus account and clicked on the "help" tab to send them an email about the error. I asked them to send me a corrected 1099-INT. I will see what happens and report back.
by PennySaved
Sun Feb 01, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I am still maintaining my second Mango account on the disconnected Tracfone number with no problems. I may try to get a 3rd Mango account using Google Voice. I guess I just sign up for a Google Voice number and have it forwarded to my landline? Mango requires a mobile phone number to have an account. I guess I have nothing to lose but try. Have you received your 1099-INTs yet, and did they have interest paid in box 1 or box 3? I don't have my Mango or UnionPlus 1099-INTs yet, but a few posters on the Mango thread on the FatWallet finance forum said their interest was mistakenly reported in Box 3 for US Savings Bonds and Treas obligations. http://www.fatwallet.com/forums/finance/1235341/?start=400 So I am expecting same error on mine. I gue...
by PennySaved
Sat Jan 31, 2015 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

Another thing I found out recently: You can transfer money from your Union Plus prepaid debit card account to your Mango prepaid debit account, just like you can transfer money between two Mango accounts.
by PennySaved
Sat Jan 31, 2015 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

Don't see any savings account that comes with Pronto prepaid debit card. https://yourmoneypronto.com/
by PennySaved
Sat Jan 31, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

pradador wrote:Has anyone successfully opened three mango money accounts as well as an Union Plus Prepaid accounts or a Pronto Prepaid account? I understand there's a three account limit and since they're all managed by Rev and share the same underlying bank, I wonder if the limit crosses these products?
I thought I read somewhere that one could have up to four Mango accounts. This was a while back. I have a UnionPlus account and two Mango accounts. I have not heard of Pronto Prepaid- will look into it. I would love to open up another 5% savings account.
by PennySaved
Sat Jan 31, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 557
Views: 387637

Re: Mango prepaid card - 4.8% (effective) APY

I am still maintaining my second Mango account on the disconnected Tracfone number with no problems. I may try to get a 3rd Mango account using Google Voice. I guess I just sign up for a Google Voice number and have it forwarded to my landline? Mango requires a mobile phone number to have an account. I guess I have nothing to lose but try.
by PennySaved
Thu Jan 15, 2015 4:37 pm
Forum: Personal Consumer Issues
Topic: make mortgage payment with a credit card?
Replies: 33
Views: 54299

Re: make mortgage payment with a credit card?

I have a Serve account and a Fidelity Amex (serviced by FIA). I load $1000/month from my Amex (5x$200 loads) onto my Serve Account. Then I withdraw the $1000 from Serve into my bank account. Serve does not require the use of bill pay or sending the payment anywhere to get the cash out. FIA credits $20 worth of points to my rewards account every month. THere is no benefit to paying a mortgage via a Serve account. Any rewards can be obtained without that hassle. If you log into your FIA Fidelity rewards account and check your "rewards" tab, do you see the Serve loads receiving the 2%? I recently checked and I don't even see the Serve transactions appearing, which leads me to believe loads are not being credited :( You should see th...
by PennySaved
Thu Jan 15, 2015 4:33 pm
Forum: Personal Consumer Issues
Topic: make mortgage payment with a credit card?
Replies: 33
Views: 54299

Re: make mortgage payment with a credit card?

I have a Serve account and a Fidelity Amex (serviced by FIA). I load $1000/month from my Amex (5x$200 loads) onto my Serve Account. Then I withdraw the $1000 from Serve into my bank account. Serve does not require the use of bill pay or sending the payment anywhere to get the cash out. FIA credits $20 worth of points to my rewards account every month. THere is no benefit to paying a mortgage via a Serve account. Any rewards can be obtained without that hassle. If you log into your FIA Fidelity rewards account and check your "rewards" tab, do you see the Serve loads receiving the 2%? I recently checked and I don't even see the Serve transactions appearing, which leads me to believe loads are not being credited :( Yep, just verifie...