Search found 6480 matches

by Sidney
Wed May 17, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: What if I have enough money?
Replies: 22
Views: 4141

Re: What if I have enough money?

I agree with BL. I would rethink the decision to take SS at 62. You need to compile the numbers and evaluate how you'd fund the 8-year gap but it is a very compelling math for many people.
by Sidney
Wed May 17, 2017 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7172

Re: Article: "Our emergency fund is exactly $0.00"

I agree with most of the article. Keeping an emergency fund to me means that you're locking in a lower expected return. I don't see why someone with a sizable portfolio (enough to cover several years worth of expenses) would need one. If you have a large enough portfolio with a healthy stock/bond a...
by Sidney
Wed May 17, 2017 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7172

Re: Article: "Our emergency fund is exactly $0.00"

...portfolio line of credit (which is basically like a home equity line of credit but based on my taxable portfolio instead) with WellsFargo which allows me to borrow (approximately) 50% of my portfolio value without needing to liquidate anything. I have access to the money instantly so that's anot...
by Sidney
Sat May 13, 2017 4:49 pm
Forum: Personal Consumer Issues
Topic: Best UPF Comfortable Field Shirt
Replies: 15
Views: 871

Re: Best UPF Comfortable Field Shirt

I have found that cotton can hold moisture and become downright cold if the temp backs off. I like it for casual wear but not for anything active. A hat will help but is not a complete solution for the face and neck. There are some decent moisturizers that have pretty high SPF and don't feel like su...
by Sidney
Thu May 11, 2017 5:42 pm
Forum: Personal Consumer Issues
Topic: Trip to South Africa in November - Advice
Replies: 24
Views: 1349

Re: Trip to South Africa in November - Advice

Have you thought through how much time (percent of the entire trip) you are spending in planes, airports and layover? My sense is that it is a lot -- is that really what you want to do with your vacation time?
by Sidney
Tue May 09, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Question about re-gifting a gift for tax purposes
Replies: 13
Views: 596

Re: Question about re-gifting a gift for tax purposes

I think this would be considered a step transaction. Gill might come along and comment on this.
by Sidney
Tue May 09, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Moving and Taxes - [What Would You Do]?
Replies: 6
Views: 597

Re: Moving and Taxes - WWYD?

Dynasty90 wrote:What would you do?

Whatever is legally required for the situation.
by Sidney
Tue May 09, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Where to park my fat stacks [money]?
Replies: 20
Views: 2215

Re: Where to park my fat stacks [money]?

Taxable bonds in taxable account may not make sense for you.
by Sidney
Sun May 07, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Buying vacation home
Replies: 29
Views: 3328

Re: Buying vacation home

LarryAllen wrote:You can always rent a nice place and just walk out when you are done.

You are also not locked into one place.
by Sidney
Sun May 07, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Park cash
Replies: 4
Views: 526

Re: Park cash

Perhaps look at Vanguard's Limited Term Tax Exempt fund. Yield is running around 1.35% (after tax) and volatility is pretty low.
by Sidney
Wed May 03, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Treating Water with Chlorine or Iodine
Replies: 10
Views: 800

Re: Treating Water with Chlorine or Iodine

For centuries before water was safe to drink, people drank beer.
by Sidney
Wed May 03, 2017 8:05 pm
Forum: Investing - Theory, News & General
Topic: Morgan Stanley drops Vanguard funds
Replies: 26
Views: 7346

Re: Morgan Stanley drops Vanguard funds

This says it all

Morgan Stanley, the largest U.S. brokerage by salesforce
by Sidney
Tue May 02, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 3859

Re: Safe Retirement at 62?

732002 wrote:Her 403A,403B and frozen cash pension 33K
Him 403A, 403B and cash pension 25K
Him old frozen pension 13K

If these are non-COLA pensions, it seems like a very significant part of your future income stream is at risk to inflation.
by Sidney
Tue May 02, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are we (nearly) ready to retire?
Replies: 32
Views: 3170

Re: Are we (nearly) ready to retire?

Retiree medical benefits are normally not protected benefits. The employers can and do reduce or eliminate these at their discretion.
by Sidney
Tue May 02, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: 401k administrator requiring net worth
Replies: 40
Views: 2669

Re: 401k administrator requiring net worth

dantee3 wrote:Annual Incomevaries
Net Worth positive
Liquid Net Worthpositive
Federal Tax Bracketvaries
Annual Expensesvaries
Special Expensesvaries
Prior Investmentsyes
Time Horizonlong
Liquidity Needsvaries
Risk Tolerancecomfortable
Investment Objectionsthese questions
by Sidney
Mon May 01, 2017 12:13 am
Forum: Investing - Theory, News & General
Topic: Transferring ETF shares to charity
Replies: 17
Views: 896

Re: Transferring ETF shares to charity

Isn't the charity obligated to give you a statement valuing the donation?
by Sidney
Tue Apr 25, 2017 3:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 106
Views: 9608

Re: Vanguard has switched to brokerage only accounts

I converted mine to brokerage last year. No problems.
by Sidney
Tue Apr 25, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring DAF funds from VG to Fidelity
Replies: 9
Views: 521

Re: Transferring DAF funds from VG to Fidelity

Just curious, why would either of you have multiple DAF's? And why would it matter to switch between one or the other? VG has a minimum grant size of $500. Most of our donations are large but from time to time there are donations we make under $500 and having an alternative DAF would be a minor con...
by Sidney
Tue Apr 25, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Transferring DAF funds from VG to Fidelity
Replies: 9
Views: 521

Transferring DAF funds from VG to Fidelity

I'm thinking of transferring a small portion of our VG DAF to Fidelity -- assuming I can do this. Is it as simple as creating a DAF at Fidelity and making a grant from VG to Fidelity? How does VG (in my grant) specify that the funds go to my account at Fidelity - presumably they operate under a sing...
by Sidney
Sun Apr 23, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is this tax deductible?
Replies: 19
Views: 1320

Re: Is this tax deductible?

I would say no. First, you can't deduct gifts to individuals. Second, even if it were gifts to the AL Home, that organization is probably not a 501(c)(3) org.
by Sidney
Fri Apr 21, 2017 5:25 pm
Forum: Investing - Theory, News & General
Topic: White Gold ??? [question about newletter claim]
Replies: 21
Views: 2016

Re: White Gold ???

This kind of thing pops up all the time. People swear they've found the answer to (fill in the blank), and nothing ever materializes. Are you telling me that magnet I strapped to my fuel line isn't helping my gas mileage? It's probably helping your perception of good gas mileage. :wink: It's really...
by Sidney
Fri Apr 21, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: White Gold ??? [question about newletter claim]
Replies: 21
Views: 2016

Re: White Gold ???

willthrill81 wrote:This kind of thing pops up all the time. People swear they've found the answer to (fill in the blank), and nothing ever materializes.

Are you telling me that magnet I strapped to my fuel line isn't helping my gas mileage?
by Sidney
Fri Apr 21, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3472

Re: IRS refund today!

I usually file in early October.
by Sidney
Fri Apr 21, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: White Gold ??? [question about newletter claim]
Replies: 21
Views: 2016

Re: White Gold ???

Jack FFR1846 wrote:Coal?

:beer
by Sidney
Fri Apr 21, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3472

Re: IRS refund today!

No, I mean Jan 15. That is when my fourth quarter estimated tax payment is due. I try to make sure I know my tax liability before I make the last payment. That way I can make sure I pay only what is needed to come very close to zero refund/zero owed. Sometimes I miss.
by Sidney
Fri Apr 21, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3472

Re: IRS refund today!

Most years I get mine before January 15th.
by Sidney
Wed Apr 19, 2017 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Need Urgent help in Capital Gains Calculations
Replies: 11
Views: 957

Re: Need Urgent help in Capital Gains Calculations

I haven't looked at the numbers carefully -- but, is it possible that the OP has found the infamous and unpublished 30% bracket?
by Sidney
Tue Apr 18, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - How to declare in TaxAct? No 1099-R is not available?
Replies: 2
Views: 219

Re: Backdoor Roth - How to declare in TaxAct? No 1099-R is available?

I believe the conversion to the ROTH is a 2017 tax event and does not affect your 2016 tax return. You should get a 1099-R from the custodian for the conversion around the end of January, 2018.

For 2016 you would reflect the non-deductible contribution to the TIRA on form 8606
by Sidney
Wed Apr 12, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Car Breaks Down on Long Road Trip
Replies: 55
Views: 4593

Re: Car Breaks Down on Long Road Trip

Why not rent a car to begin with? If car breaks down, rental company brings you a replacement and deals with the problem.
by Sidney
Fri Apr 07, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10819

Re: High Income earners, whats your Tax Strategy?

Charitable donations that provide 50% state tax credits I've never heard of these, what key words should I be searching with to find out more? I'm guessing it's state dependent, as well as donation-recipient-type dependent? I'd start with the state income tax forms. Often there is a specific form f...
by Sidney
Fri Mar 31, 2017 6:56 am
Forum: Investing - Theory, News & General
Topic: Is there any difference between a Rollover IRA and a Traditional IRA?
Replies: 21
Views: 2007

Re: Is there any difference between a Rollover IRA and a Traditional IRA?

Are there any significant reasons to keep these accounts separated other than the possibility to roll back to a qualified retirement plan? I am thinking of consolidating my Traditional and Rollover IRAs. There is virtually zero chance I will need or want to roll the rollover back to a qualified plan...
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: 1185

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: 9
Views: 1076

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: 192
Views: 51242

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: 41
Views: 3146

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: 958

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: 2599

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: 1732

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: 169

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: 1732

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: 1169

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: 1169

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: 1169

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: 2307

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: 5665

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: 5711

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: 5711

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...

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