Search found 6977 matches

by cheese_breath
Mon Feb 27, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: tax calculators don't agree!
Replies: 6
Views: 594

Re: tax calculators don't agree!

I've never used efile.com so I can't speak for it, but I've never had an accuracy problem with Taxcaster. I do my estimates with an Excel spreadsheet and verify them against Taxcaster, and there's never more than a few dollars difference. And that's due to rounding differences. But the one problem I...
by cheese_breath
Mon Feb 27, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: Sellers disclosure form has sections not marked
Replies: 18
Views: 1081

Re: Sellers disclosure form has sections not marked

I appreciate everyone's perspective who commented. I haven't made a formal offer yet because of the incomplete form and I am not going to proceed. Just didn't seem right to me but wasn't sure if I was being too overly cautious. It seems most concur with my initial thoughts...... Thanks again! Good ...
by cheese_breath
Sun Feb 26, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax breaks for 2016, by category totals
Replies: 2
Views: 431

Re: Tax breaks for 2016, by category totals

It's interesting how they call them tax breaks. The government(s) take our money, and because they don't take it all we call them tax breaks. :shock:
by cheese_breath
Sun Feb 26, 2017 7:35 pm
Forum: Personal Consumer Issues
Topic: Sellers disclosure form has sections not marked
Replies: 18
Views: 1081

Re: Sellers disclosure form has sections not marked

I'd be suspicious they're hiding something, and no you're not overreacting. Tell them you want every question on the form answered, or you're moving on. They shouldn't have any problem answering every question if they want to sell their house, unless they really are hiding something. You're in contr...
by cheese_breath
Sat Feb 25, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Delivering a Large Check
Replies: 37
Views: 2700

Re: Delivering a Large Check

I will never send a large bank check ($50,000) by 1st class mail again, even in a bank provided business envelope. This is the only check I have ever lost. I mailed it at a small PO substation in a mall. It took about two months to straighten out, where I closed one account and opened another at a ...
by cheese_breath
Sat Feb 25, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Delivering a Large Check
Replies: 37
Views: 2700

Re: Delivering a Large Check

HueyLD wrote:
cheese_breath wrote:I send things like this by certified mail so I can track it and have proof of delivery.

Yes, but you do not have proof that you actually sent a check.

That's when the check is cashed and you get the statement from the bank.
by cheese_breath
Sat Feb 25, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Delivering a Large Check
Replies: 37
Views: 2700

Re: Delivering a Large Check

I send things like this by certified mail so I can track it and have proof of delivery.
by cheese_breath
Sat Feb 25, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Flexible Premium Adjustable Life Insurance
Replies: 4
Views: 243

Re: Flexible Premium Adjustable Life Insurance

Hybrid insurance typically involves a 'real' insurance component, stock market component (which may go up or down), and a nice commission for the salesman. You want term insurance, and this is not term insurance.
by cheese_breath
Fri Feb 24, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Points After Death
Replies: 15
Views: 1030

Re: Credit Card Points After Death

At some point that becomes fraud, and the credit card company has recourse through the criminal justice system. Surviving spouse should notify the credit card company within a reasonable time. I doubt a card issuer would quibble about automatic payments made during, say, the month following a perso...
by cheese_breath
Fri Feb 24, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Points After Death
Replies: 15
Views: 1030

Re: Credit Card Points After Death

What happens if the card issuer is not informed of the death? I "pay" some bills by an automatic CC charge (Netflix, cable, insurance, etc.). The CC also gets paid via auto-payment from a joint checking account. As long as there's money going into the checking account, I would think that ...
by cheese_breath
Fri Feb 24, 2017 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Points After Death
Replies: 15
Views: 1030

Re: Credit Card Points After Death

I don't know the answer to this, but I wonder if it's legal for her to use the card after her husbands death since she isn't joint on the account.
by cheese_breath
Thu Feb 23, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: In a bit of a pickle as executor with individual stocks
Replies: 15
Views: 978

Re: In a bit of a pickle as executor with individual stocks

IMO as mom's fiduciary and executor your primary obligation should be to protect the money in the estate, not to risk it trying to get it back to where it was. Also as already mentioned, she gave him the money. That means it wasn't hers anymore, so whatever she gets back will be a net gain.
by cheese_breath
Thu Feb 23, 2017 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Points After Death
Replies: 15
Views: 1030

Re: Credit Card Points After Death

Does the credit card agreement speak to this point?
by cheese_breath
Wed Feb 22, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on Time shares
Replies: 112
Views: 6522

Re: BH thoughts on Time shares

If you don't mind sitting through hours of high pressure sales pitches in a remote desert location miles from civilization, well OK. But be prepared to leave with a timeshare deed along with your free tickets.
by cheese_breath
Wed Feb 22, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and LTCG help please
Replies: 14
Views: 781

Re: Retirement and LTCG help please

... In any case, there needs to be some threat of leaving the 15% bracket in the future, otherwise, you won't get any value out of harvesting gains. Omitting consideration of social security and possible state taxes for simplicity of the discussion, harvesting gains as they occur might lessen the p...
by cheese_breath
Wed Feb 22, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and LTCG help please
Replies: 14
Views: 781

Re: Retirement and LTCG help please

... In any case, there needs to be some threat of leaving the 15% bracket in the future, otherwise, you won't get any value out of harvesting gains. Omitting consideration of social security and possible state taxes for simplicity of the discussion, harvesting gains as they occur might lessen the p...
by cheese_breath
Wed Feb 22, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: The relation between stocks, bonds, and interest rates
Replies: 18
Views: 1127

Re: The relation between stocks, bonds, and interest rates

It's hard to gauge the effects of supply and demand in such a situation. But I will speculate that panic stock selling by some and fleeing to the relative safety of bonds would initially drive bond prices up. But as rebalancing bands of more rational investors and automatic rebalancing systems kick ...
by cheese_breath
Wed Feb 22, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 56
Views: 3671

Re: Does anyone own gold?

Not unless there's some gold stock in my TSM index fund.
by cheese_breath
Tue Feb 21, 2017 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on promotion opportunity
Replies: 5
Views: 756

Re: Advice on promotion opportunity

At the level you're shooting for forget the phrase "job creep". At that level the operative phrase is "whatever it takes". As noted above "you are the company".
by cheese_breath
Tue Feb 21, 2017 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and LTCG help please
Replies: 14
Views: 781

Re: Retirement and LTCG help please

15% of $50 = $7.50. I'm guessing the total value of these short term gain shares is less that $10K, in which case Vanguard will charge you a $20 service fee unless you enroll in E-delivery. (***) Personally I'd go ahead and do it anyway just to get rid of the extra record keeping for a 'measly' $7.5...
by cheese_breath
Tue Feb 21, 2017 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and LTCG help please
Replies: 14
Views: 781

Re: Retirement and LTCG help please

Can you quantify 'minimal'? You will pay 15% tax on any short term gains.
by cheese_breath
Tue Feb 21, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and LTCG help please
Replies: 14
Views: 781

Re: Retirement and LTCG help please

...why wouldn't I sell, take the 0% LTCG and then rebuy Total Stock after waiting 3 months for the frequent trading rule? ... Rather than waiting 3 months on the sidelines have you considered putting it in the S&P 500 Index? It's different enough to not be considered substantially identical, an...
by cheese_breath
Tue Feb 21, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated tax payments
Replies: 9
Views: 586

Re: Estimated tax payments

It's interesting how you find doing something three times easier than doing it once. :P (Or twelve times easier than four. :P ) But if you use EFTPS it's no problem. Just be sure you specify the correct quarter for each payment you submit.
by cheese_breath
Tue Feb 21, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Loss on Foreign Currency CD
Replies: 11
Views: 558

Re: Loss on Foreign Currency CD

I'm unfamiliar with this product, so forgive a dumb question. Was the interest paid to you. or was it reinvested in the CD. If it was reinvested then your basis should include the reinvested interest payments, and your loss would be greater than $2,250.
by cheese_breath
Mon Feb 20, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Taxes in a community property state
Replies: 5
Views: 287

Re: Taxes in a community property state

kaneohe wrote:...I don't know which is true but if you get married, you can file joint for the whole yr; you don't have to file single for part of the yr....

OP said she would be claimed by her parents for 2016.
by cheese_breath
Sat Feb 18, 2017 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Older parents advice.
Replies: 29
Views: 2609

Re: Older parents advice.

Did he ask for your help or are you doing this on your own initiative? Is he content with his lifestyle, and will his current portfolio enable him to live out his life that way? If so why try to fix what ain't broke? I think sometimes young people fail to appreciate the oldsters views and want to in...
by cheese_breath
Sat Feb 18, 2017 7:59 pm
Forum: Personal Consumer Issues
Topic: Is the free AAA identity theft protection a good idea, or is there a catch?
Replies: 7
Views: 794

Re: Is the free AAA identity theft protection a good idea, or is there a catch?

I use the free AAA ProtectMyID, and it's fine for what it does. Like most free software it doesn't do everything the paid subscription version does, but what it does is it does fine. No catches.
by cheese_breath
Sat Feb 18, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 6855

Re: Need advice on girlfriend debt/finances

We have already agreed on not having kids. So, if you haven't had a vasectomy, better schedule one now. *You* are the only person who can make that agreement true. Actually she could too, but it's more complicated. Well, he cannot force her to use BC. Mybe I should have said "You are the only ...
by cheese_breath
Sat Feb 18, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 6855

Re: Need advice on girlfriend debt/finances

Sandi_k wrote:
cachemoney wrote:We have already agreed on not having kids.


So, if you haven't had a vasectomy, better schedule one now. *You* are the only person who can make that agreement true.

Actually she could too, but it's more complicated.
by cheese_breath
Sat Feb 18, 2017 6:12 pm
Forum: Personal Consumer Issues
Topic: Sears maintenance/extended service agreement?
Replies: 13
Views: 876

Re: Sears maintenance/extended service agreement?

I previously never bought those agreements, thinking that if it paid the manufacturer to sell it, it paid me not to buy it. BUT just bought a KitchenAid dishwasher from Lowes. $139 for a five year contract - bought that one! First year overlaps the mfgr warranty, then 4 more years. I figured one se...
by cheese_breath
Sat Feb 18, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 6855

Re: Need advice on girlfriend debt/finances

So my girlfriend and I live in my house I bought in 2010. She isn't much of a saver and never really has planned or budgeted. I have been trying to encourage her to payoff debt, but that hasn't gone well and is a stress/anxiety source for us both ..... She only works 25hrs/week which is concerning ...
by cheese_breath
Sat Feb 18, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: How important is 401k/403b's greater protection against creditors?
Replies: 15
Views: 894

Re: How important is 401k/403b's greater protection against creditors?

Not important at all if you don't default on your bills. ... And provided you also never have any financial setbacks such as accident, injury, illness, lawsuits or judgments or other claims against your assets that you cannot easily afford to pay out of petty cash. jimb Those would create more bill...
by cheese_breath
Sat Feb 18, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Ignorant question regarding delayed 1099
Replies: 7
Views: 463

Re: Ignorant question regarding delayed 1099

...From my ignorant point of view, once things were sold in April there was nothing new that happened that effected me directly, so the information should be available on time. However, I know there is a lot I don't understand about this situation..... Yes the information should be available on tim...
by cheese_breath
Sat Feb 18, 2017 1:06 am
Forum: Personal Consumer Issues
Topic: Long Day Trip: Drive Old Car or Rent Car?
Replies: 59
Views: 3411

Re: Long Day Trip: Drive Old Car or Rent Car?

Either way this isn't a big financial issue. Just do whichever you want and don't waste time overanalyzing minute details.
by cheese_breath
Sat Feb 18, 2017 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Ignorant question regarding delayed 1099
Replies: 7
Views: 463

Re: Ignorant question regarding delayed 1099

Sometimes companies just screw up. In that case it makes no difference if you would have sold in April or December. Sometimes there may be more serious problems diverting their attention. Either way I know of nothing you can do to speed up their processing.
by cheese_breath
Sat Feb 18, 2017 12:51 am
Forum: Investing - Help with Personal Investments
Topic: How important is 401k/403b's greater protection against creditors?
Replies: 15
Views: 894

Re: How important is 401k/403b's greater protection against creditors?

The thing you need to understand, and you probably already do, is reasonably confident is not a guarantee. Are you willing to take the risk of an unexpected financial surprise demolishing your finely laid plans? I don't know anybody who can answer that question but you. I'm reasonably confident, and...
by cheese_breath
Fri Feb 17, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Sears maintenance/extended service agreement?
Replies: 13
Views: 876

Re: Sears maintenance/extended service agreement?

That water softener could last longer than Sears does.
by cheese_breath
Fri Feb 17, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: What to ask puppy breeder?
Replies: 43
Views: 1582

Re: What to ask puppy breeder?

hypo allergenic dog....The haters on this forum assume things way too quickly. I've heard of hypoallergenic hand lotion and earrings but dogs? Really? What happens when the dog is out for a walk and various allergy producing critters attach themselves to its fur? . So are you suggesting a chipmunk ...
by cheese_breath
Fri Feb 17, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: What to ask puppy breeder?
Replies: 43
Views: 1582

Re: What to ask puppy breeder?

I'd suggest you postpone your decision until you have a chance to talk to more people knowledgeable about with the breed. Not all 'breeders' are as knowledgeable as others, nor as honest. Some are nothing more than amateurs or small scale puppy mills. When I had St. Benards I belonged to the St. Ber...
by cheese_breath
Wed Feb 15, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Enroll employer insurance and then resigning
Replies: 7
Views: 877

Re: Enroll employer insurance and then resigning

IMO while you're still employed there and paying the premiums there's nothing wrong with using the insurance. Not unethical at all. I remember when I transitioned from GM to EDS. The GM dental insurance covered wisdom tooth extractions. The EDS insurance didn't. I had all 4 pulled just before the tr...
by cheese_breath
Wed Feb 15, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tax gain harvesting
Replies: 21
Views: 1578

Re: Tax gain harvesting

When harvesting capital gains, one does not need to buy a similar investment. One can buy exactly the same investment immediately after selling it. I'm currently in the 15% bracket due to retirement, but there's a possibility that RMDs in a few years could push me out, so I'm considering tax gain h...
by cheese_breath
Mon Feb 13, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Small Retirement Distribution Without 1099-R
Replies: 9
Views: 285

Re: Small Retirement Distribution Without 1099-R

Since the MIL died in July and the check was paid in December, the income does not belong on your MIL's final year individual income tax return. It should be "other income" on her estate income tax return Form 1041, assuming such a tax return is required to be filed. Even though it was ac...
by cheese_breath
Mon Feb 13, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Small Retirement Distribution Without 1099-R
Replies: 9
Views: 285

Re: Small Retirement Distribution Without 1099-R

Since the MIL died in July and the check was paid in December, the income does not belong on your MIL's final year individual income tax return. It should be "other income" on her estate income tax return Form 1041, assuming such a tax return is required to be filed. Even though it was ac...
by cheese_breath
Mon Feb 13, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Small Retirement Distribution Without 1099-R
Replies: 9
Views: 285

Re: Small Retirement Distribution Without 1099-R

clydewolf wrote:MIL is over age 59-1/2? There would be no early redemption penalty....

Oh Yes. Waaaay over. She was 92 when she passed.
by cheese_breath
Mon Feb 13, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Small Retirement Distribution Without 1099-R
Replies: 9
Views: 285

Re: Small Retirement Distribution Without 1099-R

Epsilon Delta wrote:Add it directly to line 15b or 16b. If your software won't allow this use different software.

I'll use TurboTax. It gets the info from the 1099-R, but maybe it will let me get by with a Skeleton 1099-R (?) I'll check
by cheese_breath
Mon Feb 13, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Small Retirement Distribution Without 1099-R
Replies: 9
Views: 285

Small Retirement Distribution Without 1099-R

Late last December Chase Bank sent my deceased MIL a small check to correct an error in calculating the interest on a CD within her IRA. They sent the check because the IRA was closed by the time they discovered their error. (DW inherited the IRA upon MIL’s death in July and closed it shortly therea...
by cheese_breath
Mon Feb 13, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: When to Convert T-IRA to Roth and Pay Estimated Tax?
Replies: 8
Views: 494

Re: When to Convert T-IRA to Roth and Pay Estimated Tax?

Do you have a penalty even when using the Annualized Income Installment Method? Using that approach might eliminate the penalty in your situation (large income chunk at the end of the year)... You're referring to form 2210 right? I used that when I did a large 4th quarter conversion in 2012, and it...
by cheese_breath
Mon Feb 13, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Power of attorney question
Replies: 13
Views: 775

Re: Power of attorney question

Your brother is not executor of your aunt's estate. Her will nominates him for the position. Although the nomination carries a lot of weight weight with the court, the court is not compelled to approve it. If the court judges your brother unfit to perform the executorship duties it may choose someon...
by cheese_breath
Mon Feb 13, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Need quick advice: Pay full year's rent or large security deposit?
Replies: 47
Views: 2401

Re: Need quick advice: Pay full year's rent or large security deposit?

Eagle4Life wrote:Find a more affordable apartment with reasonable deposit requirements.

Or a roommate to share expenses.

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