Search found 6449 matches

by Sidney
Mon Mar 20, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Early retirement: advice on timing, asset types and allocation
Replies: 7
Views: 1107

Re: Early retirement: advice on timing, asset types and allocation

Here are a couple of thoughts. One: Try to push to the back of your mind a focus on cash flow vs. return/risk. Mainly to make sure you don't make moves which might be sub-optimal from a return/risk standpoint just because they are "cash generating." Two: If you plan to do any charitable do...
by Sidney
Mon Mar 20, 2017 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Rental Property
Replies: 8
Views: 750

Re: Rental Property

Spend some time with other people who own rental property. Perhaps arrange for a few of your friends to call you for a favor in the middle of the night or just as you are about to sit down for Thanksgiving Dinner.
by Sidney
Mon Mar 20, 2017 7:22 am
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 190
Views: 46610

Re: [Why did my fund suddenly drop in value?]

Indeed. We are about to find out that when you break a loaf of bread in half, miraculously you have .... wait a minute ... still only one loaf.
by Sidney
Mon Mar 06, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Tracking Tools
Replies: 18
Views: 1008

Re: Portfolio Tracking Tools

rtorkin wrote:I totally agree that a low cost index approach works well, but would like to add some of my own stock ideas to the mix.

Seems to be a contradiction in one short sentence.
by Sidney
Wed Mar 01, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: State wages (box 16) blank on W-2
Replies: 12
Views: 755

Re: State wages (box 16) blank on W-2

In my case, the income is from another state, not my state of residence. You should be able to apportion the income to have it show up in the proper state return. I presume you are doing a non--resident return for the state where this income was earned, right? Also, if you are asking HR about a pay...
by Sidney
Wed Mar 01, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Store Important Documents Online?
Replies: 51
Views: 2369

Re: Store Important Documents Online?

Thanks, everyone, for jumping in with ideas and opinions. I scanned in the wills and "directives" this evening. I will add more documents as I have time. Hard copies of most things will be kept in a simple file cabinet, and the wills and "directives" will be kept in a "fire...
by Sidney
Wed Feb 01, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: If the stepped up basis at death is eliminated....
Replies: 22
Views: 1618

Re: If the stepped up basis at death is eliminated....

LiveSimple wrote:Was thinking about this...

So when the assets are inherited by the estate or heirs, do they not pay the capital gains taxes ?

Generally not if sold about the same time as death. There are exceptions but the basis is stepped up to FMV at time of death so if sold then, the gain is usually minimal.
by Sidney
Wed Feb 01, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: itemize? 2016 school tax paid in 2017, PA
Replies: 1
Views: 152

Re: itemize? 2016 school tax paid in 2017, PA

Most individuals are cash-basis taxpayers so qualified taxes for schedule A are deducted in the year paid.
by Sidney
Wed Feb 01, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: If the stepped up basis at death is eliminated....
Replies: 22
Views: 1618

Re: If the stepped up basis at death is eliminated....

I feel like the step up in basis was created because heirs (especially rich powerful ones) had trouble figuring out the basis of their relatives assets and therefore it was created to make life easier and more lucrative. Maybe once all shares are "covered" after a few generations then the...
by Sidney
Wed Feb 01, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Where does cash from odd jobs go on a 1040?
Replies: 11
Views: 1112

Re: Where does cash from odd jobs go on a 1040?

kate1234 wrote:So it sounds like the consensus is Schedule C and pay FICA on it, and not Line 21 "Other Income," which wouldn't be subject to FICA. Intuitively it makes sense to pay FICA on it since this was "labor."

Correct, it would not be Line 21 income
by Sidney
Wed Feb 01, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Where does cash from odd jobs go on a 1040?
Replies: 11
Views: 1112

Re: Where does cash from odd jobs go on a 1040?

It would be self-employment income subject to FICA, so by reporting it and paying tax he gets Social Security benefit credits right? Yes, I believe anyone with self-employment > $400 are required to file. Been a while since I looked at filing requirements. There are different rules for dependent ch...
by Sidney
Wed Feb 01, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Where does cash from odd jobs go on a 1040?
Replies: 11
Views: 1112

Re: Where does cash from odd jobs go on a 1040?

Schedule C which transfers to Line 12 (I think, I don't have a 1040 in front of me so going from memory) on the 1040.
by Sidney
Mon Jan 23, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: HELP ! Letter from NY on State income tax
Replies: 22
Views: 2205

Re: HELP ! Letter from NY on State income tax

First thing tomorrow (Monday) morning, call the tax authorities. There should be a phone number on the letter, and probably a reference number (or just your SS number). Any conversation with tax authorities should be immediately followed by written correspondence with proof of delivery. Telephone c...
by Sidney
Sun Jan 15, 2017 8:20 am
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 62
Views: 5485

Re: Flafship Reps

sambb wrote:wow, unbelievable how bad it is getting at vanguard.

How often do you speak with your Flagship rep? Twice in last ten years for me.
by Sidney
Mon Jan 09, 2017 8:18 am
Forum: Personal Consumer Issues
Topic: Getting rid of mice
Replies: 94
Views: 5242

Re: Getting rid of mice

Teague wrote:We finally settled on poison. This was our last choice, but it works. We are careful to keep it away from our domestic animals.

Pets will avoid it, generally. The problem is one step removed in the food chain (mainly birds). Birds can't discriminate between a contaminated prey and a clean one.
by Sidney
Fri Jan 06, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: Getting rid of mice
Replies: 94
Views: 5242

Re: Getting rid of mice

We usually catch a few in the garage every winter with snap traps. In the summer, the snakes, hawks and owls pretty much contain them (ours are field mice coming in looking for warmth and food). Poison can end up back in the food chain if the mice eat it and then leave. If they eat it and then die t...
by Sidney
Fri Jan 06, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: Can someone explain Vanguard's higher turnover rates vs Index Funds?
Replies: 22
Views: 2037

Re: Can someone explain Vanguard's higher turnover rates vs Index Funds?

I am going to venture a guess on the Treasury fund: the fund is probably trying to keep a tight distribution of maturities around a median so when bonds held for a while drop below some threshold (say, 3 years), they sell them off and buy on the top end of the range. In essence they are running a ro...
by Sidney
Thu Jan 05, 2017 3:25 pm
Forum: Personal Consumer Issues
Topic: Wake up lights?
Replies: 11
Views: 1182

Re: Wake up lights?

mc2 wrote:I'm curious to know of your experience with wakeup lights. Do they really get you out of bed any earlier?

Alarm clock?
by Sidney
Tue Jan 03, 2017 8:05 am
Forum: Personal Consumer Issues
Topic: Domestic Overnight Letter
Replies: 13
Views: 1275

Re: Domestic Overnight Letter

Same reason you can buy a Chevrolet for less than a Lexus. Some of it is features and some of it is marketing.
by Sidney
Sun Jan 01, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1288
Views: 212286

Re: What are you up YTD? [Year To Date]

40/60 portfolio - up 6.6%
by Sidney
Sun Jan 01, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying (consolidating) IRA accounts
Replies: 1
Views: 141

Simplifying (consolidating) IRA accounts

Both my spouse and I each have a Traditional IRA and a Rollover (Traditional) IRA. We are in our mid 60s and will never have any need to roll the rollover back to a qualified plan. Are there any reasons why we each should not simply consolidate the TIRA and Rollover TIRA into a single account (one f...
by Sidney
Sun Dec 25, 2016 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Active Funds better than Index Funds for coming Bear Market?
Replies: 27
Views: 2299

Re: Active Funds better than Index Funds for coming Bear Market?

I didn't click through to the article. Did Forbes publish their track record over the last 50-60 years where they successfully predicted imminent bear markets?
by Sidney
Thu Dec 22, 2016 8:48 am
Forum: Investing - Help with Personal Investments
Topic: How to Go from Buy-and-Holder of Individual Stocks to a Boglehead?
Replies: 28
Views: 1672

Re: How to Go from Buy-and-Holder of Individual Stocks to a Boglehead?

Allowing the "tax" tail wag the "gains" dog is NOT my investment strategy...but to each his/her own. What he is describing is a variation on tax loss harvesting. Obviously there is a slight risk doing it with one side being un-diversified but if it is a group of stocks, the effe...
by Sidney
Thu Dec 22, 2016 8:15 am
Forum: Personal Consumer Issues
Topic: Afraid of retirement??
Replies: 55
Views: 4370

Re: Afraid of retirement??

No ...
by Sidney
Tue Dec 20, 2016 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: mechanics of donor advised fund
Replies: 23
Views: 1129

Re: mechanics of donor advised fund

A DAF is also useful for making donations anonymously. We live in a smallish city and this keeps us off the whisper lists when donating to local charities. The large national charities will normally honor your request to not share your name but you can't stop people from talking around town.
by Sidney
Fri Dec 16, 2016 11:24 am
Forum: Personal Consumer Issues
Topic: Yahoo email advice
Replies: 17
Views: 2889

Re: Yahoo email advice

Change your password. Use a longer, nonsensical password that includes special characters, upper and lower case letters and numbers. Problem solved. If the Yahoo email is used for anything important or risky (bank PW resets, Amazon username ....) I would consider getting a different (new) email add...
by Sidney
Fri Dec 16, 2016 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Good Time To Rebalance a Tad?
Replies: 14
Views: 1436

Re: Good Time To Rebalance a Tad?

This may well be the right move for you but most people would not call a shift of allocation due to changing life circumstances (or even market conditions) "re-balancing." Re-balancing is typically adjusting an allocation that has drifted from the target allocation back to or closer to the...
by Sidney
Thu Dec 15, 2016 9:12 am
Forum: Forum Issues and Administration
Topic: What happens when you speak in TICKER language.
Replies: 44
Views: 7517

Re: What happens when you speak in TICKER language.

If the admins were so inclined, they could install a ticker translation tool on the forum server so that this feature is automatically & easily accessible to everyone. I think the admins want to keep the system as generic as possible. I don't blame them; they don't get paid to operate this foru...
by Sidney
Sun Dec 11, 2016 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Best/ safest way to access Vanguard account online?
Replies: 16
Views: 2129

Re: Best/ safest way to access Vanguard account online?

Use a dedicated computer or dual boot. I suppose a non-persistent bootable flash drive or DVD would also do the job.
by Sidney
Sun Dec 11, 2016 1:02 pm
Forum: Personal Consumer Issues
Topic: Netflix Question
Replies: 30
Views: 3976

Re: Netflix Question

So Netflix was okay with this? It would seem to me to be theft. If not, I might split an account with a friend or sibling. JT That was my first reaction but I skimmed their TsandCs and didn't see any prohibition. If they limit the account to a fixed number of devices I suppose they have effective c...
by Sidney
Sun Dec 11, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: gas cooktop question
Replies: 12
Views: 1219

Re: gas cooktop question

Sounds like the burner might not be getting enough oxygen to generate the normal blue flame. Could be a minor adjustment or cleaning required.
by Sidney
Sun Dec 11, 2016 10:39 am
Forum: Investing - Help with Personal Investments
Topic: What's an Account Valuation Report for?
Replies: 6
Views: 383

Re: What's an Account Valuation Report for?

Maybe country clubs require certification that you are wealthy enough to play golf with them. :P
by Sidney
Sat Dec 10, 2016 12:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year End Distributions
Replies: 37
Views: 3896

Re: Vanguard Estimated Year End Distributions

IOW, your $200 dividend means $200 in cash (or $200 worth of new shares), but your 1099 will show $212 in dividends, 70% of which are qualified, 30% of which are not, and after computing the US tax on that, you may be entitled to a tax credit of $12. This is often overlooked and pops out when you r...
by Sidney
Sat Dec 10, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Tax headache: 3rd party reimbursement of work-related travel
Replies: 1
Views: 169

Re: Tax headache: 3rd party reimbursement of work-related travel

I think the form you need is form 2106. Most tax software should be able to handle this quite easily, I think.
by Sidney
Tue Dec 06, 2016 9:50 am
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 114
Views: 15427

Re: A suggestion

This has come up several times before and been rejected by the forum owners.
by Sidney
Wed Nov 30, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: Naive question about laptop repair
Replies: 13
Views: 1185

Re: Naive question about laptop repair

I thought you just bought a Thinkpad.
by Sidney
Mon Nov 28, 2016 12:41 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 223
Views: 24003

Re: Retreat to cash

itstoomuch wrote:What many responders didn't seem to understand is that; You don't care. You have enough retirement funds.

Which would suggest that the original post was a troll.
by Sidney
Sat Nov 26, 2016 5:24 pm
Forum: Personal Consumer Issues
Topic: Black Friday - is this overdone?
Replies: 77
Views: 7634

Re: Black Friday - is this overdone?

The reality is that in many areas of the U.S., Walmart is often the only employer with openings . In a perfect model, potential employees would have choices, in this case, the other alternative is often public assistance. That's interesting. Walmart only opens stores in area where they are assured ...
by Sidney
Fri Nov 25, 2016 4:45 pm
Forum: Personal Consumer Issues
Topic: Black Friday - is this overdone?
Replies: 77
Views: 7634

Re: Black Friday - is this overdone?

I wouldn't set foot in a store on Black Friday. It's obscene consumerism run amok. The opposite trend is Friday is Buy Nothing Day, often accompanied by donate coats or get a free coat events. I was sorry to see a post on facebook today that Black Friday had spread to the Scandinavian countries. Al...
by Sidney
Fri Nov 25, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: "Bonds And The Good News About Rising Rates"
Replies: 15
Views: 2488

Re: "Bonds And The Good News About Rising Rates"

One piece of good news from higher interest rates is that it will help retirees and savers in general. I for one don't like needing a microscope to see the interest rates paid on my bank deposits. The very low interest rates helped the banks but penalized savers. Higher interest rates will also hel...
by Sidney
Fri Nov 25, 2016 2:50 pm
Forum: Investing - Theory, News & General
Topic: "Bonds And The Good News About Rising Rates"
Replies: 15
Views: 2488

Re: "Bonds And The Good News About Rising Rates"

So, in my particular case I am currently having bond fund dividends redirected to my checking account as income. Without reinvesting will I still eventually benefit from higher rate payouts? Yes, but not as quickly as you would if you reinvested dividends. The fund will purchase new bonds with high...
by Sidney
Mon Nov 21, 2016 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of retiring
Replies: 22
Views: 3531

Re: Thinking of retiring

How secure is the pension?
by Sidney
Mon Nov 21, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 8691

Re: Do you track your net worth? How long have you done so?

Once per year, unless there is a major event, I send a balance sheet to our attorney to include in the files with our wills. I use the latest assessed value on the house and do a wet-finger estimate of personal property.
by Sidney
Wed Nov 16, 2016 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 8682

Re: Cannot get myself to spend my savings

Having said that, for me, charitable giving has become a rewarding way to ease into spending. Turns out, the more I give the more I want to give. This is an excellent way to "loosen up" so to speak. On a smaller scale, but similar, tipping very well at restaurants is also a good way to ge...
by Sidney
Wed Nov 16, 2016 5:05 pm
Forum: Personal Consumer Issues
Topic: Snail Mail Address / IRS / SS question
Replies: 8
Views: 840

Re: Snail Mail Address / IRS / SS question

I don't know for sure, but I doubt the IRS will notify SS of an address change. Communications between government agencies is not their strong suit. :D Based on some discussions I have had with an agent who is a neighbor of mine, some IRS communications to other agencies are restricted. They will n...
by Sidney
Wed Nov 16, 2016 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Tax credit question
Replies: 6
Views: 634

Re: Tax credit question

There is a form for this that will tell you the answer.
https://www.irs.gov/pub/irs-pdf/f5695.pdf

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