Search found 1258 matches

by furwut
Sun Jan 21, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Bankruptcy questions
Replies: 16
Views: 1286

Re: Bankruptcy questions

Retirement accounts are exempted. Kids are not responsible for their parents debts - so if the bank accounts are in their name they should be okay as well.

What if the bank accounts are held jointly?
by furwut
Sun Jan 21, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Insurance - Replacement Cost
Replies: 7
Views: 387

Re: Insurance - Replacement Cost

Typically home insurance policies don’t insure the land on which the house sits as it is assumed to be indestructible. So yeah, you maybe over insured. On the other hand replacement cost is the cost to rebuild new. For example a new 3 bedroom 2 bath house is going to be worth more (and cost to build...
by furwut
Wed Jan 17, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Make me feel good about my bond allocation
Replies: 37
Views: 3445

Re: Make me feel good about my bond allocation

WAY TO GO! :beer








There, do you feel better?
by furwut
Sun Dec 31, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 124
Views: 12244

Re: Confusion about prepaying property taxes

Don't understand how the mill rate can be constant from year to year. Doesn't the budget/expenditures change annually? Perhaps it helps that I’m re-assessed every year and property values have steadily increased. Also I live in D.C., so income and sales taxes can be directly added to the income sid...
by furwut
Sun Dec 31, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 124
Views: 12244

Re: Confusion about prepaying property taxes

P.S.: yesterday (Saturday at 5 p.m.), the post office delivered the Assessment Notice (This is Not A Tax Bill) for our property in Montgomery County MD. The notice date is December 28th for the tax year beginning 7/1/2018. (On Thursday we had decided not to pre-pay). Where I live, an assessment not...
by furwut
Thu Dec 28, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 124
Views: 12244

Re: Confusion about prepaying property taxes

The rules are no different than always - you can prepay property tax installments that have already been assessed, and you can make 4th quarter estimated state income tax payments now. Except that, according to the reporting, one can’t deduct 2018 estimated state income tax payments on their 2017 r...
by furwut
Thu Dec 28, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 124
Views: 12244

Re: Confusion about prepaying property taxes

The rules are no different than always - you can prepay property tax installments that have already been assessed, and you can make 4th quarter estimated state income tax payments now. Except that, according to the reporting, one can’t deduct 2018 estimated state income tax payments on their 2017 r...
by furwut
Thu Dec 28, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 124
Views: 12244

Re: Confusion about prepaying property taxes

Gray wrote:
Wed Dec 27, 2017 10:53 pm
I believe you have interpreted the IRS notice as they would have you.
by furwut
Wed Dec 27, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 124
Views: 12244

Re: Confusion about prepaying property taxes

I think the “hard line” comes from the feeling that in years past the IRS allowed, or at least didn’t challenge, people making an estimated payment.

Montgomery County in Maryland just told their residents to do exactly that.
by furwut
Wed Dec 27, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 124
Views: 12244

Re: Confusion about prepaying property taxes

Looks like the IRS may be taking the hard line in allowing prepayment. The IRS said that taxpayers can claim an additional property tax deduction when paying their 2017 taxes if they pay the tax this year and if the local tax authority has notified homeowners prior to 2018 of how much they owe in pr...
by furwut
Thu Dec 21, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 124
Views: 12244

Re: Confusion about prepaying property taxes

A secondary issue is the language in the TC case which says, "taxpayer failed to establish that the prepayment represented assessed, rather than estimated, taxes..." My locality assesses every March for the following year. The couple of times I prepaid I took the position that, with the assessment ...
by furwut
Tue Dec 12, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 6404

Re: State Farm Insurance, Time to Leave

Geico gives discounts for membership in a number of organizations beyond owning BRK.

https://www.geico.com/save/discounts/or ... on-member/
by furwut
Wed Nov 29, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Moved But Which State to File In?
Replies: 6
Views: 502

Re: Moved But Which State to File In?

You probably will file a part time return for both states.
by furwut
Sun Nov 26, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to avoid ACA Subsidy failure!
Replies: 18
Views: 1775

Re: Trying to avoid ACA Subsidy failure!

Insurance carriers will label their plans as HSA eligible. FWIW In 2016, reportedly only 19% of HDHPs were HSA-eligible. And there may not be a requirement (though this may vary by state?) that an insurer include an HSA eligible plan among their offerings. Last year my insurer dropped the HSA plan ...
by furwut
Wed Nov 15, 2017 3:17 pm
Forum: Personal Consumer Issues
Topic: Tipping in living wage state. Redux.
Replies: 118
Views: 7206

Re: Tipping in living wage state. Redux.

I don’t know if this has been mentioned yet or not but there is both a minimum wage AND a tipped wage. Unless they are doing away with tipped wage rates, which is much lower than minimum wage, the expectation is that customers are voluntarily making up the difference.
by furwut
Tue Nov 14, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Help
Replies: 7
Views: 731

Re: HSA Help

There are spreadsheets around to help you make a choice but, as a general rule, I like to break it down to into 3 scenarios: Low medical expenditure - A HDHP saves you money due to lower premiums and increased tax savings. Medium medical expenditure - a fuller insurance policy becomes better due to ...
by furwut
Sun Nov 12, 2017 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Questions about free tax filing
Replies: 9
Views: 958

Re: Questions about free tax filing

Last year I was able to use Turbo Tax deluxe (or premium, can’t keep them straight anymore) version for free. It handled capital gains.

Free File Software Offer
by furwut
Mon Nov 06, 2017 7:49 pm
Forum: Personal Consumer Issues
Topic: I Cut the Cord yesterday!
Replies: 51
Views: 4702

Re: I Cut the Cord yesterday!

The cable companies must be in trouble and I wonder if they are going to start raising the price of internet services? In many places they already have and have been doing so for some time. Comcast is also rolling out data caps so, in the near future, all that streaming is still going to cost you p...
by furwut
Tue Oct 31, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 22
Views: 2129

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

If anything Mint/PC helps you prevent fraud. I can see all of my accounts in 1 spot and transactions as they happen. If anything pops up I don’t know about I know about it immediately...not in 3 weeks when my statement shows up. This is especially important if you are into credit card/bank account/...
by furwut
Tue Oct 31, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 22
Views: 2129

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

You're at far greater risk of fraud logging in via your browser every time you want to check. Account theft happens via key loggers, so logging in to an App is better than typing in your credentials on your banks website. That's a great consideration but if my $3m account is stolen and it's shown t...
by furwut
Tue Oct 31, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 22
Views: 2129

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

Banks can easily mitigate the risk by providing read-only passcodes for account holders to share. One reason they don't, though, is they would rather you come to their site or use their app rather than a 3rd party service - all the better to sell you other products. I think some of the reason banks ...
by furwut
Mon Oct 30, 2017 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Basic money management s/w for a mac-based millennial English major?
Replies: 21
Views: 1462

Re: Basic money management s/w for a mac-based millennial English major?

She's not disciplined enough to build her own budget and track everything via spreadsheet. Dad uses Quicken, but that looks like too much complexity and cost for her. What's a better match for her relatively simple needs? YNAB requires, I believe, that one manually record all expenses. If so that’s...
by furwut
Wed Oct 25, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3311

Re: FIL Stage 4 Cancer - Next steps

CHM pays as agreed and has for years. Just because you don't believe it's not good doesn't mean it isn't.
A simple google search puts that seriously in doubt.
by furwut
Wed Oct 25, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Switching health insurance mid-year?
Replies: 6
Views: 603

Re: Switching health insurance mid-year?

but will turn 26 in August 2018, upon which point I will no longer be able to be on his plan.
Also verify this with your father’s HR department. In some cases ( varies by state?) you remain covered to Dec 31st of the year you turn 26.
by furwut
Wed Oct 25, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3311

Re: FIL Stage 4 Cancer - Next steps

Health Insurance Update: Plan: Christian Healthcare Ministries, Gold Plan, Brothers Keeper So, it looks like there is a $500 cap per incident (I am assuming an occurrence of cancer is an incident). No annual cap per incident (would be capped at $125,000 w/out Brother's Keeper). Given this, is the r...
by furwut
Sun Oct 22, 2017 8:33 pm
Forum: Investing - Theory, News & General
Topic: Are all Vanguard Funds an Index Fund?
Replies: 15
Views: 1178

Re: Are all Vanguard Funds an Index Funds?

I recommend reading Bogle on Mutual Funds. It completely changed my investing life.
by furwut
Sun Oct 22, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: 3-fund of SPDRs is better than of Vanguard ETF (lower ER)?
Replies: 24
Views: 3299

Re: 3-fund of SPDRs is better than of Vanguard ETF (lower ER)?

Vanguard has the experience, economy of scale and ethos to offer low cost index funds. If someone is undercutting them I naturally wonder how they are able to do so and how long might they remain committed to operating at, possibly, a loss. Once State Street has demonstrated 5 years of out competing...
by furwut
Thu Oct 19, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Need ACA help due to underestimated income
Replies: 8
Views: 984

Re: Need ACA help due to underestimated income

See https://ttlc.intuit.com/questions/29356 ... deductions

My understanding is you pay back when you file and not sooner.
The extra premium paid is deductible in the year paid. So it will be deductible on your 2018 return.
by furwut
Mon Oct 16, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 2878

Re: Circumstances in which a freeze needs to be lifted

This last time I tried to get one of my reports, however, I was told I could not get it online and would have to apply for it through snail mail. Now I'm wondering if the companies are tightening up. (Or maybe figure they have found a way to make a few bucks from the free credit report requirement ...
by furwut
Sun Oct 15, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: ACA stay below 250% FPL for 2017?
Replies: 16
Views: 1525

Re: ACA stay below 250% FPL for 2017?

If your income changes you are supposed to inform the Exchange as soon as possible. I don’t know of any penalty for failing to do so however. If you’re enrolled in a Marketplace plan and your income or household change, you should report the changes as soon as possible. These changes — like higher o...
by furwut
Sun Oct 15, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 8035

Re: What are you driving? And would you buy your current ride again?

2010 Surly Long Haul Trucker. Yes I would buy again but get the disc brakes perhaps. Haven’t owned an automobile since 2003.
by furwut
Sun Oct 15, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 157
Views: 13532

Re: How does everyone keep track of your portfolio?

jebmke wrote:
Sun Oct 15, 2017 2:35 pm
We moved everything to Vanguard. It is all there when I log in.
Same. I have a few outside accounts that I entered into Vanguard. All I really need is the 50,000 ft view.
by furwut
Sun Oct 15, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Help with Individual 401k
Replies: 9
Views: 811

Re: Help with Individual 401k

Undoing the conversion is more properly known as recharacterization. Yes your wife can do this. If she does then the pro-rata issue with the tIRA becomes moot.
by furwut
Sat Oct 14, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Happy Consumer Story (Backpacking Tent)
Replies: 16
Views: 1446

Re: Happy Consumer Story (Backpacking Tent)

REI has a very liberal return policy. Makes me wonder how they stay in business. :shock:
by furwut
Sat Oct 14, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4432

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

I think it is clear there is a liability risk when conducting business over the phone with a person who is driving. I recall a case, some years ago, when a lawyer was driving while participating on a call for his/her law firm and caused an accident. The claimant(s) sued the lawyer AND the law firm. ...
by furwut
Sat Oct 14, 2017 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Help with Individual 401k
Replies: 9
Views: 811

Re: Help with Individual 401k

Sometimes the best policy is KISS. Keep it simple ... Why not delay the backdoor conversion (just park the money in a separate tIRA) until your wife has her new job and tIRA rolled into new job’s 401k? She already did her backdoor Roth IRA conversion in Jan 2017 for this year. Have you considered u...
by furwut
Fri Oct 13, 2017 5:09 pm
Forum: Investing - Theory, News & General
Topic: New investment account vs. credit freeze?
Replies: 7
Views: 963

Re: New investment account vs. credit freeze?

Ask if they will run a credit check, I think by law they are required to disclose anyway, and with what agency. Request a thaw at that agency.
by furwut
Fri Oct 13, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Individual 401k
Replies: 9
Views: 811

Re: Help with Individual 401k

Sometimes the best policy is KISS. Keep it simple ...

Why not delay the backdoor conversion (just park the money in a separate tIRA) until your wife has her new job and tIRA rolled into new job’s 401k?
by furwut
Fri Oct 13, 2017 12:43 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA costs arrived
Replies: 88
Views: 11111

Re: 2018 ACA costs arrived

Back to ‘2018 ACA costs arrived’

The breaking news that this administration will no longer make CSR payments to insurers, coming just 3 weeks before open enrollment, throws everything back into uncertainty.
by furwut
Thu Oct 12, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Does IRS have equivalent of credit freeze?
Replies: 20
Views: 1656

Re: Does IRS have equivalent of credit freeze?

Curious how tax-filing fraud is ever possible? The impostor not only needs your identify info, but also W-2, dividend, capital gain/loss, mortgage payment, etc., etc? It could be the IRS doesn’t have the correlating data from reporters ready early in the tax season to cross-check. But they are unde...
by furwut
Thu Oct 12, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone used Zelle?
Replies: 44
Views: 5582

Re: Anyone used Zelle?

Zelle is pretty new having only rolled out this Summer. It may be that the banks are doing a soft start before heavily advertising it. I’m using it for small personal payments from my Capital One 360 account. Capital One has the Zelle Service baked into their P2P payment interface. The issue with as...
by furwut
Thu Oct 12, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Washington DC Trip
Replies: 25
Views: 1917

Re: Washington DC Trip

I’d advocate using Capital Bikeshare over a bus, weather permitting.
More flexible, more fun.
by furwut
Wed Oct 11, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA costs arrived
Replies: 88
Views: 11111

Re: 2018 ACA costs arrived

I’m curious to know what 2018 rates will be in my location as well. Haven’t received my renewal letter yet. In any event I’ll have a subsidized policy so I expect I’ll pay pretty much the same as last year. I vaguely recall language in the ACA that, starting in 2019, a ceiling comes into effect limi...
by furwut
Thu Oct 05, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 58408

Re: Retirement Account Stolen by Identity theft

So what happened to the money - $52,000 - that was fraudulently transferred to the bank? Was the account cashed out?
by furwut
Mon Oct 02, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: On the video games path - how to set it up with younger kids
Replies: 36
Views: 2267

Re: On the video games path - how to set it up with younger kids

I think you’d be better off keeping your house video game free. These games are designed to be addictive and turn out highly addictive to some. In return I don’t see any redeeming social value.

I think occasional play dates with friends is enough exposure.
by furwut
Tue Sep 26, 2017 9:35 pm
Forum: Personal Consumer Issues
Topic: Unbelievable AT & T
Replies: 29
Views: 3860

Re: Unbelievable AT & T

Here’s my AT&T story. Some years ago I decided to switch from AT&T to an MVNO. While doing some preliminary research I ran across several threads of former customers all warning that if you had auto payment AT&T would collect the final bill at the full monthly amount and refuse to give a prorated re...
by furwut
Fri Sep 22, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: How Often Do you make a Back-Door Roth Conversion
Replies: 29
Views: 2693

Re: How Often Do you make a Back-Door Roth Conversion

This recharacterization strategy isn't really relevant to the backdoor Roth procedure. It's more relevant to doing a straight Roth conversion of pre-tax tIRA funds. If I Roth convert $20,000 and it falls to $18,000 then I might do this... Yeah I have to agree. Its for the obsessives. The best time ...