Search found 5721 matches

by jebmke
Tue May 23, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 24
Views: 2323

Re: IRS tax letter triggered by Turbotax's 8606

I find it takes me much longer to go thru the interview vs directly filling the forms, and I am blind on whether TurboTax has done things correctly until I can see the finalized forms late in the "approve and e-file" stage. You might take a look at HR Block software. Th forms can be viewe...
by jebmke
Mon May 22, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Amended taxes, still not showing in IRS website
Replies: 3
Views: 260

Re: Amended taxes, still not showing in IRS website

Also because I found a mistake in 2015 taxes and probably paid an extra $400-$500 and wanted to amend my 2015 taxes (For that refund) but wanted to see 2016 amended come in first. (Not sure that honestly matters so much) May not matter. Normally I would amend the oldest first. In some cases, the ch...
by jebmke
Mon May 22, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 24
Views: 2323

Re: IRS tax letter triggered by Turbotax's 8606

Don't know if this helps OP with the IRS letter, but there are two more earlier threads discussing the root of this problem or confusion (TT failing to input lines 6-12 on form 8606 for Roth conversions): The root of the confusion may be that the form 8606 instructions for lines 6-12 do not match P...
by jebmke
Mon May 22, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: Market News Feeds Worth Reading?
Replies: 9
Views: 538

Re: Market News Feeds Worth Reading?

I sometimes flip on Bloomberg radio when I am driving. It is a bit like watching the old Woody Allen movie "What's Up Tiger Lily?"
by jebmke
Mon May 22, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 24
Views: 2323

Re: IRS tax letter triggered by Turbotax's 8606

"I use tax software so that I don't have to understand any tax forms nor read any instructions. If I had to read iRS instructions and review my tax return, then that would defeat the whole purpose of using tax software." My sympathy for these people is less than zero. This isn't like a W-...
by jebmke
Mon May 22, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 24
Views: 2323

Re: IRS tax letter triggered by Turbotax's 8606

Chip, I'm impressed! That could be the elusive answer to the two or three posters this year who said "I DID report it and TT messed it up!" As for the others....not so much. :D Also reinforces the point that one needs to completely review a finished return (the forms) to make sure it is c...
by jebmke
Sun May 21, 2017 3:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: Average age of a Boglehead
Replies: 18
Views: 1080

Re: Average age of a Boglehead

My average age is 32 right now.
by jebmke
Sun May 21, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Firefox painfully slow
Replies: 17
Views: 1597

Re: Firefox painfully slow

I was having problems with Firefox late last year. But I had been using the same profile that I had migrated from XP -> Vista -> W7 -> W10.

I did a Firefox refresh and that cleared things up.

https://support.mozilla.org/en-US/kb/re ... d-settings
by jebmke
Sat May 20, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: What are your priorities for retirement?
Replies: 56
Views: 4744

Re: What are your priorities for retirement?

The financial writer, JL Collins, speaks about two kinds of people - roots people and wings people. He mentions there are phases or situations in life when the wings people, for various reasons, become rooted - but retirement offers them a chance to use their wings again. If all goes as planned, I'...
by jebmke
Sat May 20, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: HELP - IRS Mail [Mismatch between taxpayer and reported info]
Replies: 11
Views: 915

Re: HELP - IRS Mail

That would get the right answer on the 1040 without an 8606. Is there a way for me to verify that in 1040X that it indeed reflects ? or any other mechanism to check that ? Thanks in advance for your help What I described isn't what you want to do. I was merely postulating how the problem arose in t...
by jebmke
Sat May 20, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: HELP - IRS Mail [Mismatch between taxpayer and reported info]
Replies: 11
Views: 915

Re: HELP - IRS Mail

Chip: That seems all right. Perhaps people are shortcutting and putting zero in box 2a in the software because they "know" the amount isn't taxable. That would get the right answer on the 1040 without an 8606. I just don't see how one would get zero on the 1040 without the 8606. Maybe they...
by jebmke
Sat May 20, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: HELP - IRS Mail [Mismatch between taxpayer and reported info]
Replies: 11
Views: 915

Re: HELP - IRS Mail

1. Reead this: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=219330 2. Read this: https://www.bogleheads.org/forum/viewtopic.php?t=219184 If I wasn't so cheap I'd buy a copy of Turbotax just to see what the interview dialogs look like. So far, all these cases involve TT. Is it possible t...
by jebmke
Sat May 20, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R
Replies: 20
Views: 1624

Re: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R

Chip wrote:
jebmke wrote:It would appear that the IRS match-o-matic has finished its run.


Nice. But I liked WOPR even more. :D


Eventually we should expect this from Turbotax:

Just what do you think you're doing, Dave? Dave, I really think I'm entitled to an answer to that question.
by jebmke
Sat May 20, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R
Replies: 20
Views: 1624

Re: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R

The 1099-R would have the full amount in box 1 and 2a. I guess I am not exactly sure how it didn't end up on the 1040 as a taxable distribution without the 8606. Again, it may come down to the questions. I agree, there is no reason why the questions (IRA box checked) etc. could not force the 8606 in...
by jebmke
Sat May 20, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R
Replies: 20
Views: 1624

Re: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R

I'm not familiar with TT dialogs on the conversion side. It certainly isn't tricky with HR Block. This paragraph in 590-B is pretty straightforward in stating that Form 8606 is required so the lack of this form should have been a red flag before filing the return. If your traditional IRA includes no...
by jebmke
Sat May 20, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting
Replies: 9
Views: 774

Re: Tax Loss Harvesting

I agree that you should always TLH to a holding you are willing to hold more or less forever. You may not get a chance to go back without negating most/all of the loss on the latest transaction. During 2008-09 I was swapping between TSM and 500+ext every 3-4 weeks on average. I would have been OK en...
by jebmke
Sat May 20, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R
Replies: 20
Views: 1624

Re: IRS asking me to pay the tax on full Traditional to Roth Conversion : 1099-R

livesoft wrote:There are two other threads.


It would appear that the IRS match-o-matic has finished its run.
by jebmke
Fri May 19, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 81
Views: 9051

Re: My dad is taking Social Security at 62, why would anyone not?

They're not screwed, they're dead, and therefore it makes no difference to them. There are probably no regrets after death, but YMMV of course. Exactly. I hope there are no regrets after death, that would be awful! So that old saying about "not being caught dead in that suit" is a red her...
by jebmke
Fri May 19, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: How long do I really need to keep tax returns?
Replies: 18
Views: 1392

Re: How long do I really need to keep tax returns?

soccerdad12 wrote:Obviously the PDF files would be pretty sensitive info. Where is everyone keeping these docs? I assume nobody is backing them up with a cloud service. Are you using a hard drive and putting them in a fireproof safe?

I keep them in an encrypted file backed up on Google Drive (Cloud).
by jebmke
Fri May 19, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: How to pick up good tires for the car?
Replies: 22
Views: 1340

Re: How to pick up good tires for the car?

Tire Rack is a good site to get information on tires. I have purchased from them in the past.
by jebmke
Fri May 19, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe..I don't
Replies: 29
Views: 3518

Re: IRS says I owe..I don't

I prefer to have POD. Also, my responses have been on the large side (all docs supporting Schedule A and Form 8889) so faxing is cumbersome.
by jebmke
Fri May 19, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Where to get oil change?
Replies: 35
Views: 2252

Re: Where to get oil change?

$30 for oil change and rotation seems reasonable. We have a number of local tire and service companies that run specials from time to time.

I think I paid around $50 for my RAV4 - synthetic oil.
by jebmke
Fri May 19, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3060

Re: I am a huge believer in Passive Indexing.. but.....

Guys, before we go crazy with this "insider trading thing", trust me, I had no inside information. I was not consulting for the CEO or anything and my day to day contacts were not even officers of the company. Further, I can show I never "traded". I made one buy and let it ride....
by jebmke
Fri May 19, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting
Replies: 9
Views: 774

Re: Tax Loss Harvesting

I take losses when I have them. No formal materiality threshold but I leave small losses behind. TLH is virtually costless and it has allowed me to rebalance without paying taxes and preserved headroom to do ROTH conversions after I retired. IMO there is no compelling reason not to TLH significant l...
by jebmke
Fri May 19, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: How long do I really need to keep tax returns?
Replies: 18
Views: 1392

Re: How long do I really need to keep tax returns?

I have kept a copy of the 1040 and schedules going back to the 70s. All are also scanned. After about 5 years or so I pitch all the supporting docs (W2, 1099s. etc).
by jebmke
Fri May 19, 2017 7:31 am
Forum: Personal Consumer Issues
Topic: f.lux software/blue light reduction for devices
Replies: 11
Views: 412

Re: f.lux software/blue light reduction for devices

I use it. I seem to recall reading that the new upgrade to W10 will have its own version built in.
by jebmke
Fri May 19, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: IRS says I owe..I don't
Replies: 29
Views: 3518

Re: IRS says I owe..I don't

Sounds like a plan folks..documentation and a letter. I have the former and can write the latter...with that, I'm sure they'll say, "never mind.." 20+ degrees cooler here than yesterday..that makes today a good time to dig into this. Thanks to all for the help! Make sure you send your doc...
by jebmke
Thu May 18, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Annual house maintenance costs
Replies: 25
Views: 1500

Re: Annual house maintenance costs

I just have the maintenance done when needed and pay the bills.

Hard to generalize about how much to allow. A lot depends on the property, not the value.
by jebmke
Thu May 18, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: Paying balance of costly ambulance ride
Replies: 18
Views: 1016

Re: Paying balance of costly ambulance ride

My guess is that you will get dunned and your credit score will take a hit.
by jebmke
Thu May 18, 2017 6:59 am
Forum: Personal Consumer Issues
Topic: Upcoming travel plans with electronics
Replies: 22
Views: 1552

Re: Upcoming travel plans with electronics

Whatever you chose regarding the laptop make sure it has full disk encryption enabled.
by jebmke
Thu May 18, 2017 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Ticklish Tax Puzzle
Replies: 4
Views: 775

Re: Ticklish Tax Puzzle

I don't have any suggestions but this is exactly why people should already have a pro-forma tax return for 2017 and be thinking now of what options they have to manage 2017 and beyond. I have a pro-forma for 2017, 2018 (pension starts) and 2023 (RMD starts) yet I haven't even filed my 2016 return ye...
by jebmke
Thu May 18, 2017 12:08 am
Forum: Personal Consumer Issues
Topic: Upcoming travel plans with electronics
Replies: 22
Views: 1552

Re: Upcoming travel plans with electronics

How about buying a used chromebook, and if worse comes to worse and you can't bring it home just leave it? I see some sub 100 dollar ones on Amazon. Used paperwhites for 50, cheaper ones if you can live without the light. Or a used fire to fulfill both roles. That's sort of what I'd do - used/low-e...
by jebmke
Wed May 17, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: What are the powers of HR in a company?
Replies: 40
Views: 2983

Re: What are the powers of HR in a company?

Oh and I forgot to mention that labor law in Europe and England is much different than the US. Workers are sort of contract workers in Europe with all sorts of work condition regulations and rules so the HR department has lots more power than in the US. And women in general are not treated as equal...
by jebmke
Tue May 16, 2017 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7213

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

When you are retired and hopefully have a large portfolio, the EF is really either about convenience or peace of mind. If you can't sleep at night because you may have to sell stocks in a down market, even though you still have $1 million in investments, what good is that? this only makes sense if ...
by jebmke
Tue May 16, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7213

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

I've been retired for a while. Ditched my emergency fund a long time ago -- even before retiring.
by jebmke
Tue May 16, 2017 11:46 am
Forum: Personal Consumer Issues
Topic: Amazone prime - took over a month to receive, so check the arrival date!
Replies: 6
Views: 1213

Re: Amazone prime - took over a month to receive, so check the arrival date!

I have noticed this as well but I always check the expected ship dates so I can determine if we will be around when delivery is made (if not exactly when the delivery is made, soon enough thereafter to avoid having something sit on the doorstep too long).
by jebmke
Tue May 16, 2017 7:06 am
Forum: Personal Consumer Issues
Topic: Searching For A Walking Shoe Without Inside Seams
Replies: 5
Views: 590

Re: Searching For A Walking Shoe Without Inside Seams

I really like my Saucony Guide 10s. I don't see or feel any seams. They are extremely comfortable and stable and I have very sensitive feet and I have difficulty finding good shoes that fit right. (I have pronation where my feet turn out. And my feet are big; size 13+/Wide) I have Saucony Hurricane...
by jebmke
Tue May 16, 2017 6:28 am
Forum: Personal Consumer Issues
Topic: Home cordless phone recommendation, which takes AA or AAA batteries
Replies: 30
Views: 1239

Re: Home cordless phone recommendation, which takes AA or AAA batteries

We have Panasonic. Not sure how old. Never changed the batteries.
by jebmke
Mon May 15, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: mirror or clone my windows 10 HD?
Replies: 10
Views: 723

Re: mirror or clone my windows 10 HD?

If you generalize an image you can load it to almost any PC but if you leave the license key in the image it can cause problems. I normally delete the key, generalize the image, then load it to another piece of hardware. The generalized image will load all the drivers (mostly) that it needs to work ...
by jebmke
Mon May 15, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance & New Roofs
Replies: 44
Views: 3064

Re: Homeowner's Insurance & New Roofs

Are there any signs of damage to your roof?
by jebmke
Mon May 15, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: mirror or clone my windows 10 HD?
Replies: 10
Views: 723

Re: mirror or clone my windows 10 HD?

That should be all you need. I use Macrium and make periodic images of my machine -- especially prior to installing new software. Make sure you have created a rescue disk with Macrium on it so you can boot Macrium to restore the image if needed. Macrium will usually prompt you to do this - it is a p...
by jebmke
Mon May 15, 2017 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Has anyone sold TIPS prior to maturity
Replies: 21
Views: 1180

Re: Has anyone sold TIPS prior to maturity

Absolutely yes. We bought a slug of Tips in October 2008. The real rate was around 3%. At some point, the rate dropped below 1% and I sold about half the holding for a large gain.

I don't recall having any issue immediately selling the lots we sold off.
by jebmke
Sun May 14, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: Donor-Advised Fund and Portfolio
Replies: 5
Views: 414

Re: Donor-Advised Fund and Portfolio

retire57 wrote:Do you consider your DAF investments as part of your asset allocation?

If you include the DAF in your allocation then you need to include the distributions to charities in your expense budget.
by jebmke
Sat May 13, 2017 5:31 pm
Forum: Personal Consumer Issues
Topic: Best UPF Comfortable Field Shirt
Replies: 15
Views: 872

Re: Best UPF Comfortable Field Shirt

retiredjg wrote:blue long sleeve

Some flies (deer flies for sure, I know from experience) are attracted to the color blue.
by jebmke
Sat May 13, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: how to turn off gmail spam filtering?
Replies: 19
Views: 841

Re: how to turn off gmail spam filtering?

yes, I was thinking more generically about tagging vs folders (location). I don't use tags much on emails. I do use Thunderbird but it is set to delete my local copy of a message after 30 days if I have not deleted it myself (originals are still on GMail server if I need to find them). I tag a mail ...
by jebmke
Sat May 13, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: how to turn off gmail spam filtering?
Replies: 19
Views: 841

Re: how to turn off gmail spam filtering?

Tagging (labels) is much more efficient and flexible.

Windows (sort of) uses this same idea with libraries.

Evernote is almost unusable without tags.

A "folder" system is really nothing more than a one-dimensional tag system.
by jebmke
Sat May 13, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 33
Views: 2861

Re: Retirees, what is your marginal tax rate?

Once you have retired, of course each year you'd look at circumstances and try to reduce your tax bill where possible. Or, in some cases like mine, I look at circumstances late in the year and try to increase my tax bill with a ROTH conversion. Most tax software is released with an early release on...
by jebmke
Fri May 12, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: Buying Major Appliances Online
Replies: 20
Views: 1783

Re: Buying Major Appliances Online

Michigan "requires" you pay use tax if you bought something out of state and did not pay sales tax. Maryland too. We bought a refrigerator online. The truck delivered it "to the door" but for $20 the driver and his helper unpacked it and brought it into the house. We paid the us...
by jebmke
Fri May 12, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Interested in lake property
Replies: 36
Views: 3759

Re: Interested in lake property

I've had friends go down this road. They get tied financially and psychologically (we can't go to XYZ, we have this lake house/mountain house ...). Then later the kids get a little older and don't want to go (little league, gymnastics, summer swim team .....), then teenagers ...
by jebmke
Fri May 12, 2017 3:12 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 33
Views: 2861

Re: Retirees, what is your marginal tax rate?

I manage my rate by doing ROTH conversions up to but just short of the 30% marginal rate.

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