Search found 6406 matches

by tibbitts
Mon Mar 27, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: 1040 tax reporting for referral income
Replies: 7
Views: 390

Re: 1040 tax reporting for referral income

HueyLD wrote:May I suggest "Awards?" It is a term used by the IRS in describing line 21 income items.

I applaud your honesty. Many taxpayers may not even bother to report it.

Excellent idea - thanks!
by tibbitts
Mon Mar 27, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 103
Views: 4802

Re: Weathering sell-off days like today

Ok, so a couple of weeks ago, I finally made the decision to stop hoarding cash and opened up a Vanguard account with a split between VTSAX and VBILX. I was always told to not time the market, so I didn't, and we're having a correction day. For those of you that invest, how do you keep a cool head ...
by tibbitts
Sun Mar 26, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: 1040 tax reporting for referral income
Replies: 7
Views: 390

Re: 1040 tax reporting for referral income

At some point penny ante just doesn't matter unless you want it to. Not really true if reporting in a certain way triggers an audit. Probably the vast majority of reported referral income would be mischaracterized if reported as "other" income. That's the issue - the use of the word "...
by tibbitts
Sun Mar 26, 2017 8:24 pm
Forum: Personal Consumer Issues
Topic: Versatile economical RV recommendations for a frugal retiree?
Replies: 37
Views: 1767

Re: Versatile economical RV recommendations for a frugal retiree?

You might want to describe your physical dimensions, as that will dramatically affect your choice in a smaller RV. It's a significant luxury to have an RV you can stand up and walk in.
by tibbitts
Sun Mar 26, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: 1040 tax reporting for referral income
Replies: 7
Views: 390

1040 tax reporting for referral income

I need to report a referral income of $200 on my personal income tax 1040. I received it for referring two neighbors to the company that installed HVAC in my house. This is not related to my business so my understanding is I don't need to file a schedule C for it. There is no related paperwork (no 1...
by tibbitts
Sun Mar 26, 2017 7:02 pm
Forum: Personal Consumer Issues
Topic: Versatile economical RV recommendations for a frugal retiree?
Replies: 37
Views: 1767

Re: Versatile economical RV recommendations for a frugal retiree?

I loved that book too - it had a big influence on me. If you're even considering putting a hardside camper on a Tundra, I don't understand even giving a second thought to a single-axle trailer. Did you mean Lance 825? Any hardside camper will have orders of magnitude less stability than anything 14-...
by tibbitts
Sun Mar 26, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Texas Teachers Retirement too good to be true?
Replies: 39
Views: 4410

Re: Texas Teachers Retirement too good to be true?

And there is absolutely no interest paid on those contributions - you just get back what you put in. The TRS does pay interest, the 2% rate mentioned in the OP. Though I'm not certain if interest applies throughout one's entire service time or only since they separated service. I didn't know this, ...
by tibbitts
Sun Mar 26, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 62
Views: 9204

Re: Do you have enough? How I realized yeah I do.

I don't think I'll ever quit enjoying an update to my spreadsheets, but it's slowly dawning on me that I probably don't have to worry much about money (whether I will or not is to be determined). I compulsively update my net worth spreadsheet much more often than monthly, and it's been very depress...
by tibbitts
Fri Mar 24, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

Regarding the hitch, it's another area where bigger isn't always better. Sometimes heavier-rated weight distribution hitches are less expensive - 1000lbs is the most common size - but you really don't want spring bars that are too stiff. Stiff bars can damage the trailer tongue, the receiver, or both.
by tibbitts
Thu Mar 23, 2017 10:17 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

The points about GVWR are very important, and it's true that mid-sized SUVs vary considerably in carrying capacity, so that would be a selection consideration. I'm not sure it was addressed but when I think of a 17ft Escape I think two people and that would work with the higher-GVWR mid-sized SUVs.
by tibbitts
Thu Mar 23, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

A mid-sized SUV with a 5,000 lbs towing capacity and actually being a good idea are two different things... and if you have to stop suddenly, the pucker factor would be high. If you live in a place like Florida where the roads are flat and in good shape you might be OK. Also, are you sure the trail...
by tibbitts
Wed Mar 22, 2017 10:04 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

+1. I would only consider the 4Runner with the V8 for towing, the new V6 ones are only rated to 5,000 lbs and I wouldn't feel comfortable towing over 3k lbs with that. You could look at a Tundra or Sequoia also. The OP intends to pull a 3,000lb fiberglass travel trailer with trailer brakes... This ...
by tibbitts
Wed Mar 22, 2017 9:56 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

Luke Duke wrote:
hudson wrote:I've had riders that wanted me to go ahead and drive 70-75 miles an hour with a trailer.


With the right tow vehicle you can do that. :mrgreen:

No, most trailer tires are only rated for 65mph.
by tibbitts
Tue Mar 21, 2017 10:59 pm
Forum: Personal Consumer Issues
Topic: Car Vandalism During Cross-Country Drive
Replies: 41
Views: 3270

Re: Car Vandalism During Cross-Country Drive

I've thought about this when I've traveled, too, and can't (practically) empty the vehicle. I think you just have to be careful about where you park and take your chances - the odds are nothing bad will happen. I suppose in theory you could research crime reports for the locations, and select ones t...
by tibbitts
Tue Mar 21, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

Here's some perspective for towing ease and safety. I live in high mountain cattle country. The most common tow vehicle whether for 5th wheel, RV, cattle trailer, and everything else, is a 1 ton dually pickup diesel with a Cummins or Duramax engine. Why? Weight, power, stability, safety, reliabilit...
by tibbitts
Tue Mar 21, 2017 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund
Replies: 8
Views: 369

Re: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund

I don't think the difference, particularly under $50k, is worth worrying about. Fidelity probably manages their fund a little more aggressively, partly in an attempt to make up for the higher expenses, but it has pretty consistently performed as well or better than the Vanguard fund. I'd prefer low...
by tibbitts
Mon Mar 20, 2017 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund
Replies: 8
Views: 369

Re: Fidelity Fund Comparable to VFIIX Vanguard GNMA Fund

I don't think the difference, particularly under $50k, is worth worrying about. Fidelity probably manages their fund a little more aggressively, partly in an attempt to make up for the higher expenses, but it has pretty consistently performed very similarly to the Vanguard fund. I'd prefer lower exp...
by tibbitts
Mon Mar 20, 2017 11:29 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

You don't want to tow 3k plus pounds with a unibody vehicle. Get the 4Runner. Reliable, good on and off-road. Will run forever if properly maintained. What was your (bad, I assume) towing with a unibody vehicle? I towed several trailers with unibody vehicles, and while I wouldn't have towed the rat...
by tibbitts
Mon Mar 20, 2017 9:48 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

A lot of the replies you received weren't applicable to a 17ft Escape, which is much less demanding to tow than many other trailers. I think the OP is looking at an appropriate vehicle. I suggest asking on the rv.net forums, although beware the weight police over there, who would have you heading of...
by tibbitts
Sun Mar 19, 2017 11:05 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

lostinjersey wrote:Our Chevy Traverse tows up to 5,200 lbs.

The Traverse is even longer than the Explorer though, but if it fits it apparently has retained the towing capacity that its former twin, the Acadia, lost.
by tibbitts
Sun Mar 19, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 69
Views: 3698

Re: A SUV for towing a Travel Trailer

I am getting prepared to buy a SUV for towing a 3200 lb loaded Travel Trailer with Brakes due in May 2017. I have read up on many automobile reviews, write ups..etc but I am looking for your take on one and reasons for suggesting that particular SUV from a Towing & vehicle reliability are conce...
by tibbitts
Sun Mar 19, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2151

Re: Creating a Will

I think a will and living trusts are important enough to make sure they are done right and should be left to a lawyer to do instead of risking it with a software program. We also set up a "letter of intent", to help guide the executor of our will in case they had any questions about distr...
by tibbitts
Sun Mar 19, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2151

Re: Creating a Will

You also have to get all your usernames and passwords to someone... I disagree with this. This should not be needed to access accounts upon death. It will often take quite a while to obtain proof-of-death and then have the various entities process that proof. During that time you'll need to check o...
by tibbitts
Sun Mar 19, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Expense Ratio question
Replies: 13
Views: 737

Re: Expense Ratio question

PRIDX is neither an index fund nor does it invest in a broad range of international investments. It's a small-cap-growth international index fund. Expenses aren't 1.7% either.
by tibbitts
Sun Mar 19, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: At 66, how much is continued earned income helping my Social Security?
Replies: 13
Views: 1620

Re: At 66, how much is continued earned income helping my Social Security?

I am careful to fulfill the "reasonable salary" requirement, I always run this by CPA. But I am still paying max Soc Sec and based on my age and prior year contributions it seems the payback in benefits is going to be minimal, especially since I pay both sides (employee & employer). R...
by tibbitts
Sun Mar 19, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: At 66, how much is continued earned income helping my Social Security?
Replies: 13
Views: 1620

Re: At 66, how much is continued earned income helping my Social Security?

So again, the OP is asking what he can get by with and be able to defend in an audit. I think the experts here (not me!) will need more details on the nature of the business and the dollars involved to answer that question.
by tibbitts
Sun Mar 19, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2151

Re: Creating a Will

Having gone through this recently I don't think it's as complicated as you're trying to make it. You can do some of the free download legal forms or Legalzoom. Lawyers might not charge that much - you could investigate pricing. From what you say there will be nobody to contest your will and it won't...
by tibbitts
Sun Mar 19, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: At 66, how much is continued earned income helping my Social Security?
Replies: 13
Views: 1620

Re: At 66, how much is continued earned income helping my Social Security?

The OP isn't asking about his potential SS benefit increase. He already knows it's essentially nothing. He's asking to what extent he can pay himself through non-SS taxable methods (dividends, benefits that wouldn't be taxable, etc.) I'm not an expert but I believe that regardless of the entity cond...
by tibbitts
Sun Mar 19, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9293

Re: Anyone else taking less risk

I guess I haven't been paying attention, but the last time I heard, we were only now supposed to be nearing the end of what was virtually guaranteed(?) to be a 17-20 year "secular" bear market that began in 2000, so what's with taking less risk now?
by tibbitts
Sat Mar 18, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: moving from landscaper/snow plower to diy in retirement
Replies: 44
Views: 2867

Re: moving from landscaper/snow plower to diy in retirement

I would continue to outsource depending on how significant the money is to you. My guess is not really very significant and you're just being... a Boglehead.

For snow in the driveway, get a plow for your 4x4 truck if you must.
by tibbitts
Sat Mar 18, 2017 8:05 pm
Forum: Investing - Theory, News & General
Topic: 15% International Small-Cap vs 30% Total International
Replies: 47
Views: 3333

Re: 15% International Small-Cap vs 30% Total International

Yes 50% VSIAX 50% VFSVX My profession disallows me to own brokerage accounts, so I have mutual fund accounts with VG. Once Vanguard rolls out an ISV fund, I will swap out into that. It may be years though. They don't even have a large-cap international value fund that is an index fund (get rid of V...
by tibbitts
Sat Mar 18, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

Has anyone had an attorney point out the pitfalls of POAs while creating an estate plan? It seems from this thread that problems are widespread, yet I'd never heard of them before reading about them here. I guess part of fully establishing a POA has to be tracking down all the provider-specific for...
by tibbitts
Sat Mar 18, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4130

Re: Divesting to heirs. When and how quickly.

Apparently you enjoyed being frugal for some reason. Probably the kids do too, so there's no reason to give them money and have them sit on it they way you did. Buy them stuff, so they don't have a chance to do nothing with the cash - experiences like the vacations, or assets that plunge in value im...
by tibbitts
Sat Mar 18, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: VWELX [Vanguard Wellington]
Replies: 40
Views: 3175

Re: VWELX [Vanguard Wellington]

Wellington is a slippery slope away from the index world. Why go there and not, for example, TRP Capital Appreciation (assuming we ignore the respective open/closed situations)?
by tibbitts
Sat Mar 18, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Can TIAA Traditional be my whole "bond" allocation?
Replies: 15
Views: 709

Re: Can TIAA Traditional be my whole "bond" allocation?

If I assume 8% annual return from Wellesley, how can I calculate whether I am better off investing in Traditional now vs staying in Wellesley in the accumulation phase and shifting to Traditional in the payout phase? You can't know what TIAA will give you at the time. It would be more helpful to di...
by tibbitts
Fri Mar 17, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: CPA misplaced tax information
Replies: 8
Views: 1008

Re: CPA misplaced tax information

I am really upset about the CPA who did my company taxes this year. This is the first time I am using them and came as referral from someone else I knew. The issue is not with tax filing or getting numbers incorrect, but he put my tax information to me in USPS mail without any tracking and without ...
by tibbitts
Fri Mar 17, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA 403b bond choice.
Replies: 7
Views: 371

Re: TIAA 403b bond choice.

I can't imagine investing in any of those bonds funds if I had Traditional available in the 3% guarantee format, regardless of restrictions.
by tibbitts
Fri Mar 17, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Texas Teachers Retirement too good to be true?
Replies: 39
Views: 4410

Re: Texas Teachers Retirement too good to be true?

I don't have statistics to back this up, but anecdotally the vast majority of youngish employees who leave withdraw their contributions from the pensions I'm familiar with, and for the most part that's an irrevocable decision. There may be arcane rules that allow someone to reverse that within a lim...
by tibbitts
Fri Mar 17, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

Has anyone had an attorney point out the pitfalls of POAs while creating an estate plan? It seems from this thread that problems are widespread, yet I'd never heard of them before reading about them here. I guess part of fully establishing a POA has to be tracking down all the provider-specific form...
by tibbitts
Fri Mar 17, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

Although it seems you have done what you can, I would not be so certain that any disability will be brief. There is a lot of room between being no longer fully independent and lying in a hospital being kept alive only with artificial means. Plenty of people decline, lose capacity to manage those af...
by tibbitts
Fri Mar 17, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

After death the personal representative has letters of administration appointing her/him the authority to manage the accounts. The companies then rely on the court appointment to say they should let that person act. We never went this route but I suspect being a court appointed conservator might ha...
by tibbitts
Fri Mar 17, 2017 12:11 am
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 53
Views: 4710

Re: Issue With Contractor. What to do?

the bedroom was 60 degrees when I realized what happened.

This is Bogleheads, where 60 is probably warmer than anybody else sets their thermostats in winter.
by tibbitts
Thu Mar 16, 2017 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Texas Teachers Retirement too good to be true?
Replies: 39
Views: 4410

Re: Texas Teachers Retirement too good to be true?

I don't understand what the surprise is - this sounds like a standard teacher retirement system. There will probably be an explanation somewhere on the TRS website that will tell you what you need to know about separating from the system and what your choices are if any, which is what you care about...
by tibbitts
Thu Mar 16, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

Having been an attorney in fact, credit card and insurance companies were a nightmare. They would not so much as talk to me. Tried telling them to cancel the cards, ignored. Cut them up and never used them. Eventually was able to close them when functioning as personal representative of the estate....
by tibbitts
Thu Mar 16, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

A. Update your docs more than once every 15 years. That is your responsibility. Alternative is to pay attorney to monitor you docs every year. You won't like getting even a small bill every year, though. B. POA is not hundreds of dollars. It's something the lawyer does when preparing other docs for...
by tibbitts
Thu Mar 16, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

Has anyone gone through the exercise of forcing a financial institution to accept a valid DPOA? What did it cost in time and attorney fees? Anyone? Bsteiner? Why would anyone do that? It's not a very practical approach if you know ahead of time that the institution has its own form that it will acc...
by tibbitts
Thu Mar 16, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

My general DPOA has much more detail about identities of attorneys in fact, succession and powers than the standard forms permit. Having the financial institutions accept the DPOA also ensures that each company has the same one. This seems far preferable to having a collection of different provisio...
by tibbitts
Wed Mar 15, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9594

Re: Early Retirement - what to do about healthcare?

Just my personal experience but a high percentage of current early retirees have private employer-paid healthcare (might have been offered it as part of a buyout package in many cases) or have military or other types of government-provided retirement healthcare. In the future the number of people qu...
by tibbitts
Wed Mar 15, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

Has anyone gone through the exercise of forcing a financial institution to accept a valid DPOA? What did it cost in time and attorney fees? Anyone? Bsteiner? Why would anyone do that? It's not a very practical approach if you know ahead of time that the institution has its own form that it will acc...
by tibbitts
Tue Mar 14, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney Issue/Question
Replies: 62
Views: 3578

Re: Power of Attorney Issue/Question

I asked Vanguard and they seem to not want to accept a POA except in the case of someone being incapacitated - even if the POA doesn't have that requirement. They want you to use one of their agency agreements.

I also asked Chase, and sent them my POA to see if it meets their requirements.

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