Search found 4093 matches

by jebmke
Thu Feb 11, 2016 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Gold on a tear
Replies: 10
Views: 1331

Re: Gold on a tear

cheese_breath wrote:
mickroark wrote:...Did you notice that CNBC had an analysis dude on TV just the other night that said, Walt Disney stock would be the best stock to own now until you die. I wonder if he has past away yet.

Yes he did a short time ago in 1966.

Maybe he meant the analysis dude. :P
by jebmke
Wed Feb 10, 2016 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating expenses in retirement
Replies: 31
Views: 1873

Re: Estimating expenses in retirement

I tracked expenses for a couple of years. 8-10 categories is all you need. Once I had a grip on it I reduced the categories to 3. Too much precision is a waste of time.
by jebmke
Wed Feb 10, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Dividend Appreciation Index
Replies: 3
Views: 609

Re: Vanguard Dividend Appreciation Index

I hold equity in taxable accounts so I try to minimized dividends. As for cushioning down markets, bonds do that quite well.
by jebmke
Tue Feb 09, 2016 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Tax Return Question
Replies: 10
Views: 888

Re: Tax Return Question

Every tax form one receives from a brokerage needs to be filed, in my experience, doesn't matter whether it is at a gain or a loss. I believe you would do good to wait and make sure your return is processed (you can check the social security benefits) and then file the amended return. There is no r...
by jebmke
Sun Feb 07, 2016 5:36 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb
Replies: 28
Views: 2123

Re: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb

I wrote to Vanguard last month about the timing of the brokerage statements, noting that taxpayers are being advised to file as early as possible in order to avoid ID theft issues with someone filing and claiming a refund with their SS#. I suggested they consider at least posting a preliminary vers...
by jebmke
Sun Feb 07, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Filing taxes: capital gains on investment property
Replies: 4
Views: 404

Re: Filing taxes: capital gains on investment property

I'd go back to the CPA. CPA is familiar with prior returns and can do the depreciation recapture etc.
by jebmke
Sun Feb 07, 2016 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8889 question - Wife & I both have HSA
Replies: 6
Views: 297

Re: IRS Form 8889 question - Wife & I both have HSA

The maximum for two people under age 55 is 6650 no matter how you cut it.
by jebmke
Sat Feb 06, 2016 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Problem e-filing return (deceased primary)
Replies: 19
Views: 1037

Re: Problem e-filing return (deceased primary)

Hi, Did you put your mother's name in the "In Care of Name" in the filer address? We have to do something like that in Taxwise to get the return to e-file "% Jane Doe" in the second line. We file the return in John Doe's name with "% Jane Doe" on the Name Line 2 of the...
by jebmke
Sat Feb 06, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple HSAs and Form 8889, Please Help
Replies: 10
Views: 467

Re: Multiple HSAs and Form 8889, Please Help

Right. Family max is the max. Those age 55 and over get an extra $1,000 each which cannot be split -- the extra amount has to go to your own HSA account - can't go to spouse (spouse 55+ get own extra $1,000). So, for example, both my wife and I are 55+ so our max is 8,650. We can split the 6,650 any...
by jebmke
Sat Feb 06, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple HSAs and Form 8889, Please Help
Replies: 10
Views: 467

Re: Multiple HSAs and Form 8889, Please Help

The maximum for two people with family coverage is 6,650 if both under age 55.
by jebmke
Sat Feb 06, 2016 3:11 pm
Forum: Personal Consumer Issues
Topic: Do you download software or use a DVD drive?
Replies: 24
Views: 978

Re: Do you download software or use a DVD drive?

Thanks. I've been thinking about upgrading to 2016 and putting it on two machines with the file stored on my NAS. Looks like it can be done legit.
by jebmke
Sat Feb 06, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple HSAs and Form 8889, Please Help
Replies: 10
Views: 467

Re: Multiple HSAs and Form 8889, Please Help

HR Block desktop software does have Forms view and you can select the 8889 and populate the form directly.
by jebmke
Sat Feb 06, 2016 11:07 am
Forum: Personal Consumer Issues
Topic: Do you download software or use a DVD drive?
Replies: 24
Views: 978

Re: Do you download software or use a DVD drive?

Toons wrote:
I purchased the software at Amazon.
I am able to download to all the computers.
No license for each. :happy

I know it is technically possible, I was wondering what the Terms and Conditions of the license allow you to do legally?
by jebmke
Sat Feb 06, 2016 10:26 am
Forum: Personal Consumer Issues
Topic: Do you download software or use a DVD drive?
Replies: 24
Views: 978

Re: Do you download software or use a DVD drive?

I haven't used a cd for software installation in years. I download everything. The most recent download was Quicken 2016. 4 Windows based computers :happy I haven't used a CD in years either. Does the Quicken license allow use on multiple devices or did you have to buy a license for each computer?
by jebmke
Fri Feb 05, 2016 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: How do you invest your DAF? [Donor Advised Fund]
Replies: 16
Views: 1001

Re: How do you invest your DAF?

Total Bond. Ours is a short term instrument right now. We use it mainly for tax rate arb and to make donations anonymously. Once our tax rate spikes again there won't be as much value since it isn't going down after the next spike. You pay an extra load for a DAF so without the tax rate arb it might...
by jebmke
Thu Feb 04, 2016 2:18 pm
Forum: Personal Consumer Issues
Topic: Purchasing Business Class Tickets
Replies: 37
Views: 3329

Re: Purchasing Business Class Tickets

I have also found the premium economy product on Air France to be a very nice improvement over regular economy (or even economy plus type seats on US carriers). It usually comes with a 50% or so premium over Y fares. Back when I flew a lot for business, in order to save some travel budget money I w...
by jebmke
Tue Feb 02, 2016 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: First time doing taxes, need advice
Replies: 8
Views: 475

Re: First time doing taxes, need advice

insaneclownposse wrote: None of my savings and checking accounts earn interest > $10, so I assume that I do not have to report them (correct me if I'm wrong, but I have not receive any tax forms from those banks yet). You don't have to report them but I usually do if the bank sends be a 1099. Some ...
by jebmke
Sat Jan 30, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 1938

Re: Giving to vs. saving for charity

One (of many) aspects of charitable giving and whether "bunching" donations makes sense is whether (and to what degree) the organization can deal with this type of giving. One fine entity that my wife and I support financially, and have supported for decades, would not, in my opinion, be ...
by jebmke
Sat Jan 30, 2016 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Giving to vs. saving for charity
Replies: 39
Views: 1938

Re: Giving to vs. saving for charity

For most of our dollars we have made large donations to a donor advised fund in years when our tax rate peaked. I use that fund to do ongoing gifting while our tax rate is low.
by jebmke
Sat Jan 30, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: RMD (Required minimum distributions)
Replies: 17
Views: 1483

Re: RMD (Required minimum distributions)

littlebird wrote:https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf

I love that they have an entire form devoted to "divide by x"
by jebmke
Sat Jan 30, 2016 1:30 pm
Forum: Investing - Theory, News & General
Topic: Who else is holding in cash? [For future investing]
Replies: 66
Views: 4130

Re: Who else is holding in cash?

I'm holding cash at my target percentage within my tolerance bands. I just did my calculations for January and my portfolio is down less than 3%. This is a non-event to me. My IPS says to invest new money completely when I receive it. That's what I do. It works nicely for me. I don't have to guess ...
by jebmke
Sat Jan 30, 2016 11:37 am
Forum: Personal Consumer Issues
Topic: [Vanguard Online Access Problems]
Replies: 85
Views: 688

Re: VG Security Code not working?

I was in this morning without any problem.
by jebmke
Sat Jan 30, 2016 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Saturday VG phone support no more?
Replies: 10
Views: 733

Re: Saturday VG phone support no more?

There isn't a lot to gain by pre-loading - a buy order is only a couple clicks. After a question or two with my VG rep., it's time for annual rebalancing which I have not yet done. This is will involve shuffling into and out of 7 funds, so, multiple clicks per fund adds up. Would be nice to get it ...
by jebmke
Sat Jan 30, 2016 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Saturday VG phone support no more?
Replies: 10
Views: 733

Re: Saturday VG phone support no more?

I don't understand your question. One can submit buy orders at any time. They will be executed at the next available market close. One can schedule buys for the future with the automated periodic (even one-time) investing tool. I think OP is referring to the equivalent of a "draft" folder...
by jebmke
Thu Jan 28, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4068

Re: File taxes via mail or electronically

This can happen just as much with paper returns. When I filed a state estimated tax payment coupon (in CA) with a check attached, the state cashed the check but didn't credit it to my account. Then, when I filed my tax return, I didn't get most of my refund. The obvious next step is to move the pay...
by jebmke
Thu Jan 28, 2016 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Retired & Estimated tax payments ???
Replies: 27
Views: 1103

Re: Retired & Estimated tax payments ???

What special tools or spreadsheets or sites do you use to help do the math as pertains to estimated payments? I normally just do the safe harbor (100% of last year) but you can also use form 1040ES https://www.irs.gov/pub/irs-pdf/f1040es.pdf I think it would be available in the 2015 tax software if...
by jebmke
Thu Jan 28, 2016 1:50 pm
Forum: Investing - Theory, News & General
Topic: how often to rebalance
Replies: 11
Views: 1201

Re: how often to rebalance

I do some rebalancing every month. Since I am retired, I spend the dividends from equity in taxable which reduces my equity holdings (ie, I have an automatic rebalance out of equity amounting to ~2% per year). If I need more than that for the next month's bills, I sell from whichever is higher - bon...
by jebmke
Thu Jan 28, 2016 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retired & Estimated tax payments ???
Replies: 27
Views: 1103

Re: Retired & Estimated tax payments ???

So, it looks like the answer is Yes!, you do make the estimated payments. Thank you for the EFTPS: The Electronic Federal Tax Payment System site. I just bookmarked that. Anything to make this easier will be great. And, I didn't realize you could have withholding taken from your social security che...
by jebmke
Thu Jan 28, 2016 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Retired & Estimated tax payments ???
Replies: 27
Views: 1103

Re: Retired & Estimated tax payments ???

I pay quarterly estimated taxes. I set it up on EFTPS and schedule the entire year at once. IRS Pub 17 explains how the penalties work if you underpay. Generally, if you make estimated payments equal to your last year's tax liability you are OK. But I encourage you to read the section in the IRS pub...
by jebmke
Wed Jan 27, 2016 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Two-state (MD and VA) income tax question
Replies: 5
Views: 478

Re: Two-state (MD and VA) income tax question

Have you asked the pension administrators if they can correct this by withholding for VA and reversing the WH for MD? They would need to issue a corrected 1099R. I have done this with employers on incorrect W2s but I don't know if it works with pension processors.
by jebmke
Wed Jan 27, 2016 10:03 am
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4068

Re: File taxes via mail or electronically

However, I feel like I'm kind of being lazy, and I'm not thrilled with the $29.99 fee to file Fed. I have always been a bit puzzled by the fee for e-filing vs. paper. I guess it is whatever the software houses can get from taxpayers. In a different world, the IRS would charge a fee for paper filers...
by jebmke
Tue Jan 26, 2016 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: TaxCut missing features
Replies: 12
Views: 1249

Re: TaxCut missing features

Here is a link to the worksheet from Taxwise. The calculation is not complicated.

https://drive.google.com/open?id=0B4wa8 ... lVlSzlpMFk
by jebmke
Mon Jan 25, 2016 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: TaxCut missing features
Replies: 12
Views: 1249

Re: TaxCut missing features

My issue is that TurboTax in prior years had no problem in determining how much of the state income tax refund is taxable vs. TaxCut's not being able to do so. I know what the form (line 10 of 2040) looks like, it is the manner in which the entry is derived. I can arrive at the correct amount on my...
by jebmke
Mon Jan 25, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: TaxCut missing features
Replies: 12
Views: 1249

Re: TaxCut missing features

I think you are conflating knowledge of the tax law and how the program works. No matter how the program works, it is your return and ultimately your responsibility to know how things get reported. If it were me, I'd go to the forms view and find the appropriate form and report the tax payment as ne...
by jebmke
Mon Jan 25, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Do you use the service of a CPA or you do your tax yourself?
Replies: 82
Views: 4871

Re: Do you use the service of a CPA or you do your tax yourself?

I make most of my software entries directly on the forms, I always use the forms. For simple items like W2s, 1099Rs it is much faster. For more complicated, like 1116 the questions in interview mode are often confusing. When in doubt I resort to the instructions first, then pub 17 or other pubs. Mo...
by jebmke
Sun Jan 24, 2016 12:31 pm
Forum: Personal Consumer Issues
Topic: Internet addiction
Replies: 15
Views: 1904

Re: Internet addiction

Read books. Find a hobby that gets you outdoors.
by jebmke
Sat Jan 23, 2016 3:52 pm
Forum: Investing - Theory, News & General
Topic: What was the 2000 crash like in real time?
Replies: 65
Views: 5387

Re: What was the 2000 crash like in real time?

Dirghatamas wrote: Don't know why you think passive investing wasn't available then.

It was much harder way back then. Had to saddle up the horse, ride into town to see the broker, then ride all the way home.
by jebmke
Sat Jan 23, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: What was the 2000 crash like in real time?
Replies: 65
Views: 5387

Re: What was the 2000 crash like in real time?

Valuethinker wrote:Then it was a long grinding bear market which only bottomed in March 2003 from memory.

That is what I recall. Psychologically a longer grind than '08-09.
by jebmke
Sat Jan 23, 2016 1:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hope everyone is well [Preparing for Eastern US blizzard]
Replies: 102
Views: 5001

Re: Hope everyone is well [Preparing for Eastern US blizzard]

Snow is light now but wind has really picked up. Full wind restrictions on the bridge (tractor trailers have to roll > 64,000 lbs).

Can't feel too bad. Sister texted me from CO yesterday - they have had 3.5 feet since Saturday.
by jebmke
Sat Jan 23, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: 1099 R for Backdoor Roth - Box 2b "total distribution"
Replies: 3
Views: 319

Re: 1099 R for Backdoor Roth - Box 2b "total distribution"

I suspect that this is just a difference of interpretation of the 1099R instructions by the two institutions. The 1099R is a multi-purpose form. It is one of the forms I see the most errors when preparing returns. It shouldn't affect the tax treatment of the distributions.
by jebmke
Sat Jan 23, 2016 9:14 am
Forum: Personal Consumer Issues
Topic: TurboTax / Tax Audit.com <<<WARNING>>>
Replies: 9
Views: 1690

Re: TurboTax / Tax Audit.com <<<WARNING>>>

Well, they won't be at your table. They would likely ask for a complete set of docs on Schedule D entries. I doubt audit insurance can help you if your investment choices are sketchy.
by jebmke
Sat Jan 23, 2016 8:35 am
Forum: Personal Consumer Issues
Topic: TurboTax / Tax Audit.com <<<WARNING>>>
Replies: 9
Views: 1690

Re: TurboTax / Tax Audit.com <<<WARNING>>>

Have you ever met with the IRS? You might be surprised. Unless they suspect fraud, they really are not that assertive. Most items on most people's tax return aren't grey. They either qualify and can document the item or they don't. If the latter, they shouldn't be putting it on the return, period. T...
by jebmke
Sat Jan 23, 2016 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Recevied debt collection letter for old state taxes
Replies: 7
Views: 1181

Re: Recevied debt collection letter for old state taxes

I would start with the MD Comptroller. You first have to confirm that an outstanding tax liability exists and that this isn't just a scam.
by jebmke
Sat Jan 23, 2016 8:23 am
Forum: Local Chapters and Bogleheads Community
Topic: Hope everyone is well [Preparing for Eastern US blizzard]
Replies: 102
Views: 5001

Re: Hope everyone is well [Preparing for Eastern US blizzard]

MD Eastern Shore. We have ~ 1 foot I'd guess. Power holding - not even winks yet. Power company has been working for a few years clearing trees around lines. Keeping fingers crossed it doesn't start sleeting.

Birds gorging on seed keeping the cat entertained.
by jebmke
Sat Jan 23, 2016 8:20 am
Forum: Personal Consumer Issues
Topic: TurboTax / Tax Audit.com <<<WARNING>>>
Replies: 9
Views: 1690

Re: TurboTax / Tax Audit.com <<<WARNING>>>

Because you do not have to ever meet with the IRS agent. Why? I know a couple of agents. They are normal people. They only want to confirm that your return is correct. If your documentation is in order, an audit is not scary (it can take some time) -- I've had two. If your documentation isn't in or...
by jebmke
Fri Jan 22, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Forgot to file 8606 last year
Replies: 6
Views: 768

Re: Forgot to file 8606 last year

I filed 10 years' worth of 8606 last year when I had forgotten and learnt on this board what needed to be done. I never got back an acknowledgment from IRS that they received and processed. Should I assume they did and just put the numbers in my return this year and moving forward? Yes. The IRS doe...
by jebmke
Fri Jan 22, 2016 12:25 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hope everyone is well [Preparing for Eastern US blizzard]
Replies: 102
Views: 5001

Re: Hope everyone is well

People in the south love stocking up on bread, milk, and eggs for some reason. Why someone would want to buy three of the most perishable items in existence during a snow storm and potential power outage is beyond my understanding. An irresistible urge to make French toast maybe. Agree it doesn't n...

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