Search found 5380 matches

by sport
Wed Mar 29, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: When do you plan to die?
Replies: 83
Views: 3743

Re: When do you plan to die?

Since you do not know how long you will live, you have to provide for a long retirement. It is acceptable to run out of life while you still have money. You don't want to run out of money while you still have life. The best way to answer your question, is to project how much money you will need to s...
by sport
Wed Mar 29, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help understanding index purchase and allocation
Replies: 5
Views: 313

Re: Help understanding index purchase and allocation

If you are opening your IRA at Vanguard, I suggest you use funds rather than ETFs. Investing in funds is easier and very straightforward. Since you are just starting out, there is no need to make things any more complex than they need to be. There are reasons to buy ETFs, but most of them do not app...
by sport
Wed Mar 29, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Laddering Employer Group Term Life Policy with Individual Policy
Replies: 9
Views: 393

Re: Laddering Employer Group Term Life Policy with Individual Policy

How much could you save with annual premiums rather than monthly?
by sport
Wed Mar 29, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Laddering Employer Group Term Life Policy with Individual Policy
Replies: 9
Views: 393

Re: Laddering Employer Group Term Life Policy with Individual Policy

When you calculate how much insurance you will need 15 years from now, be sure to consider some factor for inflation. A benefit amount of 500K will not buy as much 15 years from now as it will today. IMO, you want to err on the side of estimating too high a rate of inflation rather than too low. If ...
by sport
Tue Mar 28, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: RMD in 2018
Replies: 46
Views: 2419

Re: RMD in 2018

Take all of the RMD immediately except the part of the RMD I will donate to charity . That part went into a MM fund to be doled out as QCDs over the course of the year. I'd rather spread the QCDs over the entire year rather than have the charity receiving it all at once. Saving it in the MM fund pr...
by sport
Tue Mar 28, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Small tax error
Replies: 11
Views: 653

Re: Small tax error

Thanks to everyone for the information and suggestions. It seems that the best course of action is to wait for IRS to do something. If they ask for more money, I'll send it. I learned last year that if I amend the federal return, I also have to amend the Ohio return so that they match. This is true ...
by sport
Tue Mar 28, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: VXUS vs SCHF [Vanguard Total Int'l vs. Schwab International]
Replies: 10
Views: 419

Re: VXUS vs SCHF

What about liquidity, bid/ask spreads, etc?
by sport
Tue Mar 28, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Small tax error
Replies: 11
Views: 653

Re: Small tax error

...In the absence of an SSA-1099 from Social Security, we filed our MFJ tax return using a benefit amount for DW based on verbal information from SS on the size of her benefit... Hints for next time?? Rather than relying on verbal information she should have been able to print a SSA-1099 from the s...
by sport
Tue Mar 28, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Small tax error
Replies: 11
Views: 653

Re: Small tax error

Not sure what the IRS tolerance is. I'd amend it after waiting a few weeks. Assuming your wife collected for 12 months, wasn't her SS benefit identical to 2015? Mine was. It is the net payments that stayed the same, for some people. The taxable amount increased. We thought it would be the same and ...
by sport
Tue Mar 28, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Small tax error
Replies: 11
Views: 653

Small tax error

DW has a social security benefit that is less than her Medicare premium. So, her benefit is applied towards her Medicare premium and she never receives a monthly payment. In the absence of an SSA-1099 from Social Security, we filed our MFJ tax return using a benefit amount for DW based on verbal inf...
by sport
Tue Mar 28, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: RMD in 2018
Replies: 46
Views: 2419

Re: RMD in 2018

I believe you can direct VG to withdraw 0 or a higher rate e.g. 25% but not sure you can pick any percentage. They will also deduct for state withholding if that applies. You can direct Vanguard to withdraw 0 or any percentage 10% or more, no fractional percentages, for Federal taxes. They will ded...
by sport
Mon Mar 27, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: RMD in 2018
Replies: 46
Views: 2419

Re: RMD in 2018

When you take your RMD, you can have federal taxes (and income taxes for some, but not all states) withheld by Vanguard. If you have enough withheld, you will not need to file quarterly estimates.
by sport
Mon Mar 27, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Follies
Replies: 11
Views: 1999

Re: Social Security Follies

We just checked the on-line SS account. It says DW is receiving no benefits this year. This is obviously wrong. That agency has no idea what they are doing.
by sport
Mon Mar 27, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Follies
Replies: 11
Views: 1999

Re: Social Security Follies

Well, after three months of not hearing anything from SS, and the SS web site showing a 1099 that says -0- for benefits paid, DW received a "corrected 1099" today. It shows the benefits she received last year. It is real nice that she gets these with only two weeks before income taxes are ...
by sport
Mon Mar 27, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Toyota vs. Honda
Replies: 58
Views: 4023

Re: Toyota vs. Honda

I have owned 8 Toyotas, starting in 1981. The first one was great, and each succeeding one has been better than the one before it.
by sport
Mon Mar 27, 2017 12:46 am
Forum: Investing - Help with Personal Investments
Topic: RMD in 2018
Replies: 46
Views: 2419

Re: RMD in 2018

Thank you everyone for your answers. I will turn 70 in April and perhaps start my withdrawals in January 2018. If you turn 70 in April, you will be required to take an RMD for 2017. If you wait until January 2018, you will be required to take two RMDs in 2018, the one for 2017 and the one for 2018....
by sport
Sun Mar 26, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: RMD in 2018
Replies: 46
Views: 2419

Re: RMD in 2018

Once you reach the age of 70.5, you can make Qualified Charitable Distributions (QCD's) to charities, and the QCDs can count towards your RMD. However, you must make the QCDs before you finish taking your RMD, if you want them to count towards your RMD. QCDs are not taxable. Also note: If your birth...
by sport
Sun Mar 26, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to find an independent insurance agent (disability)
Replies: 1
Views: 157

Re: How to find an independent insurance agent (disability)

You might ask for a referral from any small business owners you know or patronize. A small business most likely will use an insurance agent.
by sport
Sun Mar 26, 2017 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Retirements Accounts in Net Worth Calculation
Replies: 6
Views: 835

Re: Retirements Accounts in Net Worth Calculation

Another answer is that it is your calculation, so you get to do it any way you wish.
by sport
Sat Mar 25, 2017 5:24 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds Fixed Rate
Replies: 6
Views: 1112

Re: I-Bonds Fixed Rate

If you consider that people in those first ten years were perfectly happy with an average 1% differential, the last five years with a -0.8% - 0.8% differential (currently running < 0.5%) have been experiencing a veritable gold mine. That is something like saying it is good to work for free because ...
by sport
Sat Mar 25, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: How do Taxes work with Mutual funds.
Replies: 31
Views: 1840

Re: How do Taxes work with Mutual funds.

Dividends from bond interest is not qualified. So that means they will be taxed at the marginal rate and thus less tax efficient to a stock fund which has the potential of qualified funds? Do I have that correct? thanks Yes. Bond interest is taxed as ordinary income unless it is from municipal bond...
by sport
Sat Mar 25, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: How do Taxes work with Mutual funds.
Replies: 31
Views: 1840

Re: How do Taxes work with Mutual funds.

Dividends from bond interest is not qualified.
by sport
Sat Mar 25, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ever apply a competitor and have word get back to your employer?
Replies: 29
Views: 2895

Re: Ever apply a competitor and have word get back to your employer?

I once interviewed with a department manager in a similar industry to the one I worked for. It turned out that the HR manager was the wife of an HR manager at my present company. I was aware of this, and told the hiring manager that we needed to proceed so as not to jeopardize my current position. H...
by sport
Sat Mar 25, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds Fixed Rate
Replies: 6
Views: 1112

Re: I-Bonds Fixed Rate

The rate is determined by whatever the Treasury Dept. wants the rate to be. It is not predictable.
by sport
Sat Mar 25, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: How to Report Property Tax Refund on my 1040
Replies: 7
Views: 425

Re: How to Report Property Tax Refund on my 1040

For 2016, you report what you paid in 2016. If that reduces your taxes for 2016, and you get a refund in 2017, the refund is taxable in 2017.
by sport
Fri Mar 24, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 122
Views: 12833

Re: So someone drained $13k from my checking account...

To suggest that never using debit cards as a solution however, is absolutely ludicrous. What is ludicrous about not using debit cards? I've never used one in my life. My credit cards give me rebates. Why would I want to use a debit card that pays no rebates, has lesser consumer protection, and puts...
by sport
Fri Mar 24, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard or Fidelity IRA ?
Replies: 9
Views: 505

Re: Vanguard or Fidelity IRA ?

Fidelity has some low cost funds. Vanguard has all low cost funds. If you choose Fidelity, make sure you get the low cost ones, and stay away from the others.
by sport
Fri Mar 24, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 122
Views: 12833

Re: So someone drained $13k from my checking account...

But I don't know if any of it really makes a difference. I have a client who had her business debit card hacked and duplicated - it was never lost - but it was mysteriously being used to purchase airplane tickets and hotel stays. She was using it for only a couple of transactions per month as her c...
by sport
Fri Mar 24, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 122
Views: 12833

Re: So someone drained $13k from my checking account...

So I think we're going to change to bill pay. I need to see if those bill pay checks have our account info on them. Most bill pay payments are done electronically, without any "checks". The only time bill pay uses paper checks is when the payee is not set up to receive electronic transfers.
by sport
Thu Mar 23, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Citi card Nightmare
Replies: 75
Views: 8031

Re: Citi card Nightmare

btw, Am I understanding the use of the terms "push" or "pull" correctly? "Pull" refers to when the customer sets up the payment thru the credit card website and they are authorized to pull the $ from the customer's bank account on the date the customer chooses. "P...
by sport
Thu Mar 23, 2017 8:09 pm
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 1313

Re: Small appliance electrical safety

DaftInvestor wrote:Not sure what the fuss is about with having 30 AMP fuses in a home - they are used in both of these cases.

You do not want to use a 30 Amp fuse or breaker on a line designed for 15 or 20 amps. It would not be safe.
by sport
Thu Mar 23, 2017 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard keeps saying my e-mail address doesn't work
Replies: 10
Views: 712

Re: Vanguard keeps saying my e-mail address doesn't work

We had that happen once recently. We had made a transaction, and I noted that the email confirmation for that transaction never arrived. The next time we logged on, we got the message that an email could not be delivered. However, other transactions were confirmed via email as usual.
by sport
Thu Mar 23, 2017 12:29 am
Forum: Personal Consumer Issues
Topic: Small appliance electrical safety
Replies: 37
Views: 1313

Re: Small appliance electrical safety

1000 Watts is about 8.4 Amps at 120 Volts Note that a '1000W' microwave probably draws more than 1000W. For example, I just checked our microwave. On the front it prominently says '1250 Watts', but if you find the nameplate amperage/voltage, it actually draws 1524 watts. I suspect the 1250 is what ...
by sport
Wed Mar 22, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Rate Schedule confusion
Replies: 10
Views: 435

Re: Tax Rate Schedule confusion

You need to subtract personal exemptions and at least the standard deduction before income becomes taxable.
by sport
Wed Mar 22, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Account with LPL - Issues
Replies: 6
Views: 407

Re: Retirement Account with LPL - Issues

Have you shared this information with the owner of your company?
by sport
Wed Mar 22, 2017 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 20
Views: 1176

Re: What criteria warrants a need for Living Revocable Trust?

Your estate would also include any life insurance proceeds. Let's say you have 1M of insurance to go with your 1.5M net worth. Now, if something happens to you, who will manage that money? When does the money become the unrestricted property of your children? Do you want them to control all that at ...
by sport
Wed Mar 22, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Turned 70 & SS Benefits Stuck as Suspended
Replies: 6
Views: 1050

Re: Turned 70 & SS Benefits Stuck as Suspended

You can call SS on their 800 number to inquire. You might find someone who can help. If you go to the office again, definitely ask for a supervisor. In my experience, the supervisors are clueless, but those who are not supervisors are worse. Good luck.
by sport
Wed Mar 22, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate Timing Problem
Replies: 20
Views: 1619

Re: Safe Withdrawal Rate Timing Problem

Doesn't that require knowing the future or at least being extremely wealthy? If your number is $1 million then does it mean that if you think your portfolio could decrease by 1/3 in one year then you really need $1.5 million? If you have a 40/60 allocation, it is most unlikely that your portfolio c...
by sport
Tue Mar 21, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRA conversion
Replies: 5
Views: 441

Re: IRA conversion

If all your contributions were post-tax, then everything else is earnings. Those earnings will be taxable as ordinary income.
by sport
Tue Mar 21, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: What building year I should seek when shopping for a house?
Replies: 33
Views: 2379

Re: What building year I should seek when shopping for a house?

IMO, you can find both good quality and poor quality from any year you choose. One thing we did, was look at developments under construction. Even though neither of us is experienced in building houses, just walking through a partially built house was very instructional concerning quality. By lookin...
by sport
Tue Mar 21, 2017 6:44 pm
Forum: Investing - Theory, News & General
Topic: Sitting down with Fidelity advisor next week
Replies: 22
Views: 2486

Re: Sitting down with Fidelity advisor next week

When I met with the "advisor" for my 401k plan, she thanked me for the education.
by sport
Tue Mar 21, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate Timing Problem
Replies: 20
Views: 1619

Re: Safe Withdrawal Rate Timing Problem

siamond is exactly correct. Some years, things will happen and you will need more than 4%. Therefore, you must plan on using less than 4% in other years.
by sport
Tue Mar 21, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's financial advisor or DIY financial management
Replies: 8
Views: 609

Re: Vanguard's financial advisor or DIY financial management

You can good advice from the Bogleheads for free.
by sport
Tue Mar 21, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Child Planning Checklist
Replies: 42
Views: 2413

Re: Child Planning Checklist

For life insurance, buy term. If in doubt concerning how much to buy, err on the side of too much. Term insurance is inexpensive for young healthy people. Extra insurance will also provide a buffer against inflation. If we ever return to high inflation, your life insurance could become inadequate. S...
by sport
Tue Mar 21, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Child Planning Checklist
Replies: 42
Views: 2413

Re: Child Planning Checklist

Here is a tip I received a long time ago. You want to get a crib, of course. However, if you have a girl, get a full size ladies dresser. If you have a boy, get a man's chest of drawers. If you do not know if it will be a boy or a girl, wait until the baby is born. By doing this, you eliminate the n...
by sport
Tue Mar 21, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Use single fund for monthly RMD draws?
Replies: 6
Views: 568

Re: Use single fund for monthly RMD draws?

If you wish to make Qualified Charitable Distributions (QCDs), and have them count as part of your RMD, you must make the QCDs before you finish taking your RMD. QCDs are not taxable, and if you have not already taken your RMD, they can count towards your RMD. Otherwise, your RMD is fully taxable as...
by sport
Tue Mar 21, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 21
Views: 1019

Re: Series 65 Volunteer Advising?

Just because you do not get paid, someone could still sue you if your advice turns out badly. Since you would be an RIA, your advice would be professional advice and you could be accused of malpractice. I would think liability insurance would be a good idea. However, IANAL.
by sport
Sun Mar 19, 2017 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Short Vs. Intermediate Corp. Bonds
Replies: 6
Views: 589

Re: Short Vs. Intermediate Corp. Bonds

Short term bonds are safer than intermediate term bonds due to less interest rate risk. They also yield less. I am not sure what you mean by "more bang for your buck".
by sport
Sun Mar 19, 2017 10:59 pm
Forum: Personal Consumer Issues
Topic: carpet beetles (varied carpet beetle)
Replies: 11
Views: 892

Re: carpet beetles (varied carpet beetle)

We had those in the house when I was a child. They lived in the wool wall-to-wall carpet. Mom killed them off with aerosol insecticides. When it was time to replace the carpet, they bought polyester carpet.
by sport
Sun Mar 19, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm
Replies: 34
Views: 2169

Re: State Farm

Blueskies123 wrote:Just wait until you move and try and get coverage on your new home ...

We moved into our new home before we sold the old one. We had coverage on both houses. There were no problems. IIRC, there was a small extra charge because the old house was not occupied.

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