Search found 209 matches

by Swimmer
Mon Feb 19, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 9172

Re: Job is starting to suck the life out of me.

I’m very happily retired now, but looking back I see that I took things much too seriously and cared far too much. That’s my nature. I would have been much happier had I just lightened up and gone with the flow. I worked for Government and not-for-profits. So glad we saved and were able to retire ea...
by Swimmer
Sat Feb 17, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 20
Views: 1417

Re: what is marginal tax rate?

Thanks, all, for the explanations. :happy
by Swimmer
Fri Feb 16, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 20
Views: 1417

Re: what is marginal tax rate?

A person's marginal tax rate is the highest rate at which an individual's maximum earnings (the last dollar of taxable income that an individual earns) is taxed. Your first dollar of taxable income is taxed at the lowest rate. When your income hits the second tax bracket, THOSE dollars are taxed at...
by Swimmer
Fri Feb 16, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 20
Views: 1417

Re: what is marginal tax rate?

Just a thought...seems like it should be called MAXIMUM tax rate rather than MARGINAL. Why marginal?
Seems strange nomenclature.
by Swimmer
Fri Feb 16, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6092

Re: IRS Form 8606 (Nondeductible IRAs)

Got tired of waiting. I printed out my return using FFFF. I attached hand written 8606s and mailed it in a week ago. Easy peasy. :happy
by Swimmer
Sun Feb 11, 2018 12:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: [When will 2018 Bogleheads Conference Announcement be Made?]
Replies: 6
Views: 1123

Boglehead Conference

Where would I find info on this year’s conference? I did a search but didn’t find it. I was too late last year.
by Swimmer
Fri Feb 09, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 225
Views: 14012

Re: free dinner investing seminar

Listening to such a pitch would raise my blood pressure and defeat the whole point of a nice dinner out. I’d rather pay for the meal myself and actually enjoy it, or, more likely, cook a nice steak at home for $15 or so. +1. We attended one of these just to see what it was like. The guy in charge k...
by Swimmer
Thu Feb 08, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 problem TurboTax
Replies: 5
Views: 788

Re: 8606 problem TurboTax

Just MHO but if you know how to do your taxes, why not use FFFF and save yourself aggravation? I abandoned TT several years ago and haven’t looked back.
by Swimmer
Thu Feb 08, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6092

Re: IRS Form 8606 (Nondeductible IRAs)

Well it's 2/8/2018 and Form 8606 and the instructions are available as pdf forms on the IRS website but the online Free File Fillable Forms (FFFF) still won't let you add the form to your return. It is on the supported form list with an availability listed as today. Does anyone know if there is a d...
by Swimmer
Sun Feb 04, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6092

Re: IRS Form 8606 (Nondeductible IRAs)

It's now online!
by Swimmer
Fri Feb 02, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6092

Re: IRS Form 8606 (Nondeductible IRAs)

Why the rush? I usually hold off filing until at least March, lest I get "corrected" 1099s and have to file a 1040X. In my case, the "rush" is I've moved on to other more important projects now and want to slam the door on this still pending project which I began in December when preliminary tax so...
by Swimmer
Fri Feb 02, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6092

Re: IRS Form 8606 (Nondeductible IRAs)

Why the rush? I usually hold off filing until at least March, lest I get "corrected" 1099s and have to file a 1040X. The “rush” for me is the increase in the probability of someone filing a return FOR me to fraudulently claim a refund. This is a legitimate concern, especially for taxpayers in Flori...
by Swimmer
Tue Jan 30, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 53
Views: 6092

Re: IRS Form 8606 (Nondeductible IRAs)

Unless rules have changed, you can go ahead and file the Federal return and mail the 8606s separately. I used a 2016 8606 to do the calculations to determine the taxable amounts that are used on the 1040. That calculation doesn’t change even though the form might. That said, I’ll wait until 2/8 to g...
by Swimmer
Fri Jan 26, 2018 6:09 pm
Forum: Personal Consumer Issues
Topic: April in Paris - Your favorites or suggestions?
Replies: 48
Views: 1915

Re: April in Paris - Your favorites or suggestions?

I got here too late and everyone stole my ideas! So very much to see. Be sure to learn a bit of “French for tourists. “ The locals appreciate the effort. Have a wonderful time.
by Swimmer
Fri Jan 26, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: What steps should my sister and I go through to claim our inheritance?
Replies: 21
Views: 2721

Re: What steps should my sister and I go through to claim our inheritance?

I know nothing about real estate in AL. Here in FL it’s easy to check title and changes of ownership. Just go to the appropriate county tax collector and property Appraiser’s sites. With very little effort you can find what you’re looking for. They even post the legal documents where a change of own...
by Swimmer
Fri Jan 26, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2323

Re: Trip cancellation insurance

Thanks, everyone, for sharing your experiences and advice. This insurance is strictly trip cancellation and the reasons for such cancellation. I am fully covered for anything medically related. Based on your comments, I have decided not to purchase. As at least one poster said, if I can afford to ta...
by Swimmer
Fri Jan 26, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2323

Re: Trip cancellation insurance

OP here. Thank you all for your thoughts and ideas. One thing I hadn’t considered was credit card. I booked it on my Costco VISA. So, since I have no unusual circumstances that might increase my odds of needing the insurance, I decided to skip it. Thanks to y’all I’m at peace with this decision!
by Swimmer
Thu Jan 25, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2323

Re: Trip cancellation insurance

What are the reasons allowed for cancellation? At that price it sounds like you can for many reasons. Somewhat complex. They have what they term “covered” and “non covered” reasons. Covered includes illness, an injury that would require cancellation, a death in family—same for your traveling compan...
by Swimmer
Thu Jan 25, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2323

Re: Trip cancellation insurance

Skip it. If a situation comes up in your life where you have to cancel a trip and eat the cost, you will still more than likely come out ahead financially by not paying for trip cancellation insurance every time you go on vacation. The other thing to consider is if something happens to you before y...
by Swimmer
Thu Jan 25, 2018 6:52 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat the urge to spend?
Replies: 68
Views: 3662

Re: Strategies to combat the urge to spend?

It is such a pain in the butt to spend money I don't see how anyone has the urge to spend it. A new car? You gotta go to the internet to research, then communicate with dealers, talk to your friends, go into the dealer, test drives, negotiate, and all the other crap that goes with it. I hate it. Th...
by Swimmer
Thu Jan 25, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2323

Re: Trip cancellation insurance

Meant to add...no, I haven’t gotten any other quotes. Not sure who to check with?
by Swimmer
Thu Jan 25, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2323

Re: Trip cancellation insurance

Have you gotten other trip insurance quotes? $611 sound a bit expensive. What kind of tour is it? Are you going with anyone? I have paid for trip insurance but most of my trips involve biking, skiing, etc. So if I lose my gear it pays for rentals. The last was around $300 I think for insurance on a...
by Swimmer
Thu Jan 25, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2323

Trip cancellation insurance

I booked a tour to the tune of about $5600 through Road Scholar. Trip cancellation insurance is $611. I have 5 days to decide whether or not to purchase it. On most of my travel, I decline it and have been lucky so far. OTOH this is a pricey trip. I’d love to hear some opinions. To me, $611 sounds e...
by Swimmer
Mon Jan 15, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1460

Re: Will IRS make paper tax forms available?

Forgot to add: they will begin accepting returns January 23. What’s up with that? Why not as soon as the taxpayer has his return ready? Why would they begin accepting returns when they know that their forms are not all updated yet? I know. Right? If I ran the IRS I’d have all forms available immedi...
by Swimmer
Mon Jan 15, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1460

Re: Will IRS make paper tax forms available?

Forgot to add: they will begin accepting returns January 23. What’s up with that? Why not as soon as the taxpayer has his return ready?
by Swimmer
Mon Jan 15, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1460

Re: Will IRS make paper tax forms available?

From irs.gov I was able to get 2017 Form 1040, Sch. A, Sch. D. Still no 2017 Forms 8606 online. Sch. A and D were available about a week before 1040. Maybe it’s me but it seems weird that they are being posted piecemeal. I’ve not seen this in previous years. There’s no explanation/apology on the site.
by Swimmer
Tue Jan 09, 2018 4:53 pm
Forum: Personal Consumer Issues
Topic: Fertilize dormant plants in winter?
Replies: 13
Views: 955

Re: Fertilize dormant plants in winter?

I’m a Master Gardener. We discourage fertilizing in the winter. The reason is it stimulates new growth. New growth is very tender and vulnerable to the cold. Ultimately, it is very possible the health of the plant will be at risk. Wait until early Spring.
by Swimmer
Mon Jan 08, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help with giving inheritance money to mother
Replies: 16
Views: 1776

Re: Help with giving inheritance money to mother

Money is fungible. If you give money to your mother in some restricted way or even pay some of her bills directly, it will free up her own money so that more of it is available to give to your brother. You would indirectly be giving money to your brother, in a way. Sticky situation there. If you bu...
by Swimmer
Mon Jan 08, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance
Replies: 6
Views: 583

Re: Investing Inheritance

Thank you. It feels surreal to know there is that much money right now in our bank account. I am very grateful and do not want to take this "gift" lightly. "GeGe" was a wonderful woman and we want to make her proud. <3 It has definitely been an eye-opening experience though, because we have definit...
by Swimmer
Sun Jan 07, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1424

Re: POA and Legal liability

I just want to add that I’m sorry you are in this unfortunate and stressful position. You’ve received some thoughtful comments and opinions but, in the end, only you can make the decisions. Your caring for your brother is commendable and it’s obvious you have his best interests at heart. You will ma...
by Swimmer
Sun Jan 07, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1424

Re: POA and Legal liability

The caregivers feel that if he is in a home they will medicate him to the point where he sleeps all the time and he will lose himself. Here is another question that just developed last night.The father of the caregiver is a realtor and they are now talking about buying his home and having him live ...
by Swimmer
Sun Jan 07, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1424

Re: POA and Legal liability

Wow. That’s interesting. Sounds like if they own the home, they take on any liability. They would now be operating a business out of their home and would likely need to jump through legal hoops (license? Etc.) that entails. One thought, and I hate to bring it up, is what if they decide they no longe...
by Swimmer
Sun Jan 07, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1424

Re: POA and Legal liability

Umbrella insurance is your best financial friend-in my opinion. We all worry about getting sued and you are stepping into a situation in which you could have legal liability-I'm not an attorney-that's whom you need to consult. You want to do right by your brother and have inherited a complicated si...
by Swimmer
Thu Jan 04, 2018 6:52 am
Forum: Personal Consumer Issues
Topic: Anyone been to Corsica?
Replies: 5
Views: 559

Re: Anyone been to Corsica?

Thanks, all, for your posts. Very helpful!
by Swimmer
Wed Jan 03, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: Anyone been to Corsica?
Replies: 5
Views: 559

Anyone been to Corsica?

I’m contemplating a 14 day Road Scholar trip. We fly to Paris, spend a couple days there, then fly to Corsica. The photos on the internet look beautiful but I don’t know anyone who’s been there. Any comments, suggestions welcome.
by Swimmer
Wed Jan 03, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2845

Re: Taxes [Do it yourself or use tax software?]

mouses wrote:
Wed Jan 03, 2018 6:30 pm
Esq123 wrote:
Tue Jan 02, 2018 3:03 pm
Do you do your own taxes or use tax software? If you do your own taxes then what company do you use? If you use tax software then what do you use?

Thanks all.
I do my own taxes. I use the company of me.
+1
by Swimmer
Wed Jan 03, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2845

Re: Taxes

I can't imagine wasting my time studying the tax code any more than absolutely necessary or doing taxes by hand. There are entirely too many other higher value activities to engage in. Reading non-friction business books outside the fields of finance, economics, and personal investing is one of tho...
by Swimmer
Wed Jan 03, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2845

Re: Taxes

I can't imagine wasting my time studying the tax code any more than absolutely necessary or doing taxes by hand. There are entirely too many other higher value activities to engage in. Reading non-friction business books outside the fields of finance, economics, and personal investing is one of tho...
by Swimmer
Wed Jan 03, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2845

Re: Taxes

I quit TT a few years ago and enjoy doing them by hand. I’m ready to go but it seems the IRS hasn’t yet posted 2017 1040 and 8606 on line. I’ve searched their site. Has anyone found them? I did find the 2017 Sch. A and D. It seems strange that the tax software companies have them but taxpayers still...
by Swimmer
Sat Dec 30, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)
Replies: 44
Views: 2908

Re: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)

Whew! That is a scary way to start the morning.

I tried to call VG. It rang and then disconnected.
by Swimmer
Mon Dec 25, 2017 8:04 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 403
Views: 31356

Re: What frugal thing did you do today?

Cant think of a single thing... Even drove two cars yesterday to some relatives for Christmas - couldnt fit all the gifts and overnight bags plus the family in one. The wrapped gifts include all kinds of frivolous things that my wife and kids do not need. I made an extra egg at breakfast and gave i...
by Swimmer
Sat Dec 16, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Gifting
Replies: 8
Views: 994

Re: Annual Gifting

Gil, is it your understanding the IRS' key date rule for gifts is different than their rule for QCDs, or has Vanguard given me the wrong advice? The rule has always been different for gifts to individuals and gifts to charity. A gift to charity is complete when it is dropped in the mailbox or other...
by Swimmer
Sat Dec 16, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with H&R Block Tax Software Download
Replies: 10
Views: 710

Re: Problem with H&R Block Tax Software Download

Hi, I saw the post from 12/9 regarding the $15 deal for H&R Block Taxcut Deluxe + State for $15 and just purchased it this morning. When I click on the link the download the software, I get a blank page and nothing gets downloaded. I will contact them on Monday, but in the meantime I'd like to know...
by Swimmer
Wed Dec 13, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring a 529 account opened in grandparent’s name
Replies: 1
Views: 196

Transferring a 529 account opened in grandparent’s name

I opened a 529 Account in my name (I’m beneficiary) in anticipation of another grandchild. (I had accounts for the other 3 grandchildren and wanted to try to keep things fair.) Prior to doing this, I consulted with VG 529 group and they suggested this approach never indicating there might be a disad...
by Swimmer
Tue Dec 12, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Gift Card From Employer
Replies: 13
Views: 1456

Re: Gift Card From Employer

I worked for a not-for-profit who frequently gave staff members $100 gift cards. It was always included in compensation and fully taxable.
by Swimmer
Mon Nov 13, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 8699

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

You, sir, are an inspiration. Thank you for sharing your experience and for your thoughtful post. Sorry you and your family are dealing with this disease.
by Swimmer
Tue Oct 24, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: What's the purpose of having a child's name on a deed?
Replies: 43
Views: 3873

Re: What's the purpose of having a child's name on a deed?

Just now catching up to my original thread. So let's say my parents pass away and their house is worth 100k. If the will states my brother and I are to split the property, would he pay 4.5% each (on 50k) or on the 100k amount? Now in our case we have a mortgage on our home and we have life insuranc...
by Swimmer
Mon Oct 02, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: What's the purpose of having a child's name on a deed?
Replies: 43
Views: 3873

Re: What's the purpose of having a child's name on a deed?

Pennsylvania is not a community property state, so the step up basis on death only applies to the portion of the asset owned by the deceased party. For a married couple, the assumption is a 50/50 split absent a prenup, so on the death of one spouse, the survivor receives a step up basis on 50% of t...
by Swimmer
Wed Sep 20, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 17896

Re: Who has needed to use their umbrella insurance?

Having recently inherited an IRA that is in the high six figures, I just upped my umbrella to $2 million, precisely because of this, though admittedly I could have actually done the research first to determine whether my state protects inherited IRAs the same as "regular" retirement accounts. Depen...
by Swimmer
Thu Sep 14, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Use IRS Direct Pay for estimated tax payments on irregular Roth conversions?
Replies: 19
Views: 1452

Re: Use IRS Direct Pay for estimated tax payments on irregular Roth conversions?

I guess ignorance is bliss. Until last year, I simply filed a 4th Q ES to cover a late year conversion. I probably did this 8 times, feeling like I was acting in good faith. Never a single objection from the IRS. Shhh :shock: