Search found 38 matches

by Ruger
Wed Aug 16, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Accountant liable for penalties?
Replies: 23
Views: 1820

Re: Accountant liable for penalties?

If he had said "I can file an extension to give you more time to file but the estimated taxes are still due on April 15", what would you have said? In fact, it is possible he said that but you didn't think about the last part very much, especially if you've never had to pay estimated taxes. I would...
by Ruger
Wed Aug 16, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: HGTV beach front bargain hunter
Replies: 14
Views: 1467

Re: HGTV beach front bargain hunter

A good friend was on HGTV House Hunters. Most of the show was filmed after they had already purchased the home. The two other homes they "considered" were not actual homes they were looking at when making the decision to make an offer on their house. The other homes were just units available at the...
by Ruger
Tue Aug 15, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Accountant liable for penalties?
Replies: 23
Views: 1820

Re: Accountant liable for penalties?

My understanding is that the late payment penalty is 0.5% per month (https://www.irs.gov/uac/newsroom/eight-facts-on-late-filing-and-late-payment-penalties). Assuming 4 months have passed since the filing deadline, that's 2%, and makes the original amount due [edit: due upon filing] $70,000. Is tha...
by Ruger
Tue Aug 15, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Accountant liable for penalties?
Replies: 23
Views: 1820

Re: Accountant liable for penalties?

Does the $1,400 include any tax which was due, or is is only the penalties & interest? There are several levels of penalty and interest which might be affecting the outcome. There may be an estimated tax penalty which would have already existed at the time the return was initially due. Then there m...
by Ruger
Tue Aug 15, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Accountant liable for penalties?
Replies: 23
Views: 1820

Re: Accountant liable for penalties?

Separate from any "liability" issues here, you might want to contact the IRS, explain the taxpayer had passed (this was for 2016 taxes?), and request that the penalties be forgiven. (Any interest will typically not be waived.) Second... speak to the accountant about what is going on and why they di...
by Ruger
Tue Aug 15, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Accountant liable for penalties?
Replies: 23
Views: 1820

Re: Accountant liable for penalties?

How can you hold the accountant liable? He already told you last February that he wouldn't have time to look at it for several months. Now that he's looked at it and run the numbers, there is more money due. We were fine with him filing the extension, where the problem is is that he did not tell us...
by Ruger
Mon Aug 14, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant liable for penalties?
Replies: 23
Views: 1820

Accountant liable for penalties?

My mother passed away in February and the accountant we went to (on recommendation of a family member) said he wouldn't get the taxes done on time and that he was going to file an extension. He told us there might be a "small amount" due in interest. That small amount has ballooned up to $1400 becau...
by Ruger
Fri Aug 11, 2017 11:31 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 369
Views: 28746

Re: Your USER NAME...what does it mean?

Mine is the name of my cat. When I signed up for the forum, I couldn't think of a name but my cat was sitting next to me and I thought, why not?
by Ruger
Wed Aug 09, 2017 10:57 pm
Forum: Personal Consumer Issues
Topic: Oregon road trip help
Replies: 52
Views: 2484

Re: Oregon road trip help

I don't think the state fair is that great. I've gone a couple of times but wasn't impressed and doubt I'll go back.
I would much rather spend that time on the coast.
by Ruger
Fri Aug 04, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Beach condo investing
Replies: 32
Views: 4301

Re: Beach condo investing

My point is not all real estate is bad and I am now thinking I should buy more properties and do the same thing. +1 I bought a rental condo four years ago (not at the beach, but in an area now that is a hot market for both renting and selling) for $95,000 and put in $15,000 renovating it. It was ap...
by Ruger
Thu Aug 03, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: "National Parks senior passes in short supply."
Replies: 34
Views: 3591

Re: "National Parks senior passes in short supply."

Got mine last year, still waiting to use it. Big time bargain even at $80.
by Ruger
Wed Aug 02, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help: Fidelity or Vanguard
Replies: 33
Views: 2399

Re: Help: Fidelity or Vanguard

I went with Fidelity because they have offices in my area where as Vanguard does not. I transferred my Vanguard and T. Rowe Price funds to Fidelity so everything is under one roof.....it's just easier for me. They also gave me a cash "incentive" to transfer the funds, although I had alread...
by Ruger
Wed Aug 02, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21059

Re: A poll: How much money do you need to retire?

carolinaman wrote:Retire at age 66, would need $1.4M for annual spend after subtracting SS.


You're spending $1.4M annually? :mrgreen:
by Ruger
Wed Aug 02, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21059

Re: A poll: How much money do you need to retire?

I retired a year and a half ago, currently 63 y.o. Single, live inexpensively, I need $30,000 a year for all expenses, my income from SS widow's benefits and rental income is slightly above that so I haven't had to touch any investments. Investments total $1.75 million and I own close to another $1 ...
by Ruger
Tue Aug 01, 2017 2:29 pm
Forum: Personal Consumer Issues
Topic: Opticians: is there any difference in quality of Costco glasses?
Replies: 51
Views: 9913

Re: Opticians: is there any difference in quality of Costco glasses?

...there was no Segment Height requested or on my prescription, same for my Costco lenses. I had my prescription done elsewhere but at Costco the person behind the counter had me put the frames on when I bought them and seemed to use a pen to mark something on them. Yes, that's how they measure the...
by Ruger
Mon Jul 31, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Filling bookshelves cheaply
Replies: 56
Views: 2583

Re: Filling bookshelves cheaply

Library sales......you can buy lots and lots of books for cheap at them. You can also find all kinds of things at yard/garage sales. You don't necessarily have to fill the book shelves with books! Decorative items mixed with books, photos, and empty space looks great. I think the rule of thumb I rea...
by Ruger
Mon Jul 31, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: Bad kitchen cabinet install in condo. Need help improving.
Replies: 34
Views: 2722

Re: Bad kitchen cabinet install in condo. Need help improving.

I would call my drywall man and have him cover the gap between bottom of soffit and top of cabinet. On the right hand side where the gap is slight, caulk will do the job. Paint to match soffit. Easy job. This.....it's a cheap and easy fix and will look just fine. I had this same problem when I put ...
by Ruger
Mon Jul 24, 2017 7:15 am
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 8283

Re: Anyone else extremely frugal?

I am in most things, because they are not important to me. I will buy a car and drive it until it falls apart. I buy my clothes at super marked down prices, or I get them at places like the Goodwill. I only need two or three pairs of shoes and I'll wear them until they fall apart...you get the pictu...
by Ruger
Mon Jul 10, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - increase in compensation but also much longer commute
Replies: 25
Views: 1954

Re: Job opportunity - increase in compensation but also much longer commute

I commuted an hour each way until I retired. I used the time to listen to talk radio, although I know many people who are more productive than me and listen to books on tape. I didn't mind the commute because while it involve distance, there was no traffic. I have a 1999 Camry with 325,000 miles on ...
by Ruger
Sat Jul 01, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 1968

Re: When to start taking Social Security for 64 year old

I'm certainly no expert, but doesn't social security have a cap of how much it pays per month? I thought it was $2,687 max per month, and that is a full retirement age. If that is true, your fathers calculations about how much he would receive is off. Yes, maximum benefit at FRA is $2,639 in 2016. ...
by Ruger
Sat Jul 01, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Buying a dishwasher
Replies: 46
Views: 2561

Re: Buying a dishwasher

Avoid Samsung. It does a terrible job washing, I frequently have to wash things again after they've been through the machine.It also does a terrible job drying plastic items. I've had to replace the parts that support the upper rack, and frequently it won't run until I flip the breaker (something th...
by Ruger
Fri Jun 30, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 1968

Re: When to start taking Social Security for 64 year old

I'm certainly no expert, but doesn't social security have a cap of how much it pays per month?
I thought it was $2,687 max per month, and that is at full retirement age. If that is true,
your fathers calculations about how much he would receive is off.
by Ruger
Fri Jun 30, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chances of delaying Social Security to age 70. Realistic?
Replies: 54
Views: 4071

Re: Chances of delaying Social Security to age 70. Realistic?

I retired at 61 (two years ago) and have been living comfortably off of survivors SS benefits and rental income.
Unless some unforeseen catastrophe happens, I'm not planning to take my own benefit until I turn 70. Waiting
until then makes a big difference on how much that SS check is going to be for.
by Ruger
Fri Jun 30, 2017 7:17 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2521
Views: 796173

Re: What Book Are You Currently Reading? Part VI

Destination Truth: Memoirs of a Monster Hunter by Josh Gates.
Hilarious and entertaining; gives background of the series, how it came to be, and the adventures that happen during filming that you don't get to see on TV.
by Ruger
Mon Jun 26, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Tax break for house improvements
Replies: 3
Views: 451

Re: Tax break for house improvements

You can either deduct or depreciate money spent on rentals, depending if it's a repair or an improvement. If I patch a bad area in a deck, it's a repair and deductible. If I replace the deck, it's an improvement and depreciated. Unfortunately it doesn't work like that with your house, although as me...
by Ruger
Mon Jun 26, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 517
Views: 202913

Re: TV show recommendations?

Homicide Hunter on ID.
by Ruger
Mon Jun 26, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?
Replies: 55
Views: 3817

Re: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?

I would leave it and find something like that a benefit.
The only thing I would consider would be painting it, preferably white. Oak is out of style now and people prefer a fresh coat of paint.
If that's too much work, leave it and let the new owner paint it.
by Ruger
Wed Jun 21, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 25656

Re: Early Retirement - what to do about healthcare?

I retired "early", at age 60. I get my insurance through the ACA at a cost of $200 a month for a Silver Plan. My income is derived from rental property and survivor's SS benefits. After depreciation etc, my income on paper is low and I easily qualify. What amazes me about the ACA is they d...
by Ruger
Wed Jun 21, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Help with Guns in Estate [how to sell]
Replies: 56
Views: 4770

Re: Help with Guns in Estate [how to sell]

If you are required to use an FFL, check with pawn shops. That is where I normally do my transfers because they are less expensive than gun stores. Also, if you are up for selling them yourself, try either Armslist.com or NorthWest Firearms forum. I've sold and bought through both and never had an i...
by Ruger
Tue Jun 20, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: Trying to save money on prescription drug
Replies: 28
Views: 1537

Re: Trying to save money on prescription drug

I have ordered from both Canadian and Israeli pharmacies. The prices were much less, and service was good.
by Ruger
Tue Jun 20, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: For Sale By Owner HOUSE- Advice Please
Replies: 26
Views: 3115

Re: For Sale By Owner HOUSE- Advice Please

When we sold our home FSBO, we purchased the contract from a place that sold legal forms and took it to a title company. No problems what so ever. However, are you sure you have your home priced appropriately? How did you come up with a valuation? And is it possible you have listed it for less than ...
by Ruger
Mon Jun 19, 2017 11:36 am
Forum: Personal Consumer Issues
Topic: Lg refrigerator vs Samsung refrigerator.
Replies: 19
Views: 2024

Re: Lg refrigerator vs Samsung refrigerator.

I have had Samsung appliances for about 6 years. The range and the refridgerator have been wonderful.....no problems at all. The dishwasher doesn't seem to clean well, but I hear that is a common complaint with newer "water saver" appliances. That particular model is prone to electrical is...
by Ruger
Mon Jun 19, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: social security benefits from deceased spouse?
Replies: 5
Views: 503

Re: social security benefits from deceased spouse?

I was in this position. I opted to take survivor's benefits and to let mine grow until I reach age 70, at which time I will switch to mine. You cannot take both benefits at once, you have to choose which ever is the greater amount. He may have to pay taxes on the social security, depending on what h...
by Ruger
Mon Jun 19, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: Want to downsize, see "to do" list. What to tackle first?
Replies: 39
Views: 4058

Re: Want to downsize, see "to do" list. What to tackle first?

Are you planning to do much of the work yourself, or are you going to hire it out? I would definitely put in double sinks in the master bath, buyers look for that. Remove the popcorn ceiling, it's an easy but messy job and buyers probably don't want to mess with it. I would not replace the carpeting...
by Ruger
Mon Jun 19, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: Cancelled Cable TV Service Today... [Downsized cable service
Replies: 26
Views: 2938

Re: Cancelled Cable TV Service Today... [Downsized cable service

I'm surprised they weren't willing to work with you to keep you as a cable customer. I have Direct TV and after getting tired of their constant rate hikes ($125 a month with no extras) I called up to cancel. Simply told them it was not longer in my budget. Because I was a long term customer, I "...
by Ruger
Mon Jun 19, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred
Replies: 17
Views: 2079

Re: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred

My 1999 Camry has 325,000 miles on it and is still running strong. I take it in to a local mechanic at the recommended intervals and have the routine maintenance done. I change the oil every 3,000 miles, replace the tires and have the brakes done as needed. Very little else has been done to it. Main...
by Ruger
Fri Jun 16, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 38792

Re: Regret early retirement/downsizing

I retired 2 years ago at age 61. I have not regretted it at all.
While I do miss the people I worked with, I don't miss the commute, long hours, or anything else about it!
I enjoy being able to do what I want when I want. I wouldn't trade going back to work for anything!
by Ruger
Fri Jun 09, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 4786

Re: (Very) Early Retirement vs Parenthood

I would forget the job and the money and ask yourself, how badly do you want children? If you are not sure, or ambivalent, I wouldn't have them. I never wanted children, I am not the maternal type. I have never regretted the decision, although everyone told me I would. Only you know yourself well en...