Search found 2390 matches

by tomd37
Wed Sep 28, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing status if divorce not finalized?
Replies: 14
Views: 472

Re: Tax filing status if divorce not finalized?

When using MFJ filing status each is signing, subject to the penalties of perjury, that the return is accurate. From what I read the OP is not so sure of that. Signing such a return I believe leaves him liable for any inaccuracies of such a return.
by tomd37
Wed Sep 28, 2016 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing status if divorce not finalized?
Replies: 14
Views: 472

Re: Tax filing status if divorce not finalized?

Are there any children involved?
by tomd37
Mon Sep 26, 2016 8:51 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 54
Views: 3041

Re: Replace car battery after X years or wait till it dies?

Yes, there is a reliable test that will tell you the condition of the battery today. But there is no reliable test that will tell you the condition of that battery tomorrow. With winter coming, and dependent on the garaging of your vehicle during the winter, I would recommend you consider replacing ...
by tomd37
Mon Sep 26, 2016 9:24 am
Forum: Investing - Theory, News & General
Topic: Christine's article today on RMD's...a question to bogleheads
Replies: 37
Views: 3165

Re: Christine's article today on RMD's...a question to bogleheads

Off the top of my head I would think the QCD distribution would be more beneficial to you regardless of whether or not you are itemizing deductions. As an example, if you are single, in the 33% marginal tax bracket, and donate $100,000 to a qualified charity via a QCD then that is $100,000 that does...
by tomd37
Sat Sep 24, 2016 6:30 pm
Forum: Personal Consumer Issues
Topic: New Garage Doors
Replies: 16
Views: 1655

Re: New Garage Doors

I would not be surprised if the garage doors marketed under the name Garaga with its various model names were not in fact "Coplay" doors. They seem so similar.
by tomd37
Fri Sep 23, 2016 3:57 pm
Forum: Personal Consumer Issues
Topic: New Garage Doors
Replies: 16
Views: 1655

Re: New Garage Doors

Ten days ago I placed an order with a local garage door installation and repair company (been using them since 2003) for a 16' x 7' double-door Clopay Classic Premium Series, Model 9203, 4 panel (no glass), almond color door for a total of $1,225. That includes 2-inch polyurethane insulation (18.4 R...
by tomd37
Thu Sep 22, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Morningstar portfolio gone
Replies: 4
Views: 357

Re: Morningstar portfolio gone

I only use the Morningstar X-Ray and when logging on this morning it says the service is unavailable.
by tomd37
Tue Sep 20, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Should we switch to Amica & increase our Homeowners/Umbrella coverage?
Replies: 11
Views: 816

Re: Should we switch to Amica & increase our Homeowners/Umbrella coverage?

My primary concern concerning insurers would be how well they respond to claims if needed. Cost would be secondary, but also of concern. Had a neighbor with homeowners insurance through Auto-Owners Insurance with a six-digit claim that took more than a year to resolve and even then it was not to the...
by tomd37
Sun Sep 18, 2016 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard Invite to a] "private event"
Replies: 28
Views: 3546

Re: [Vanguard Invite to a] "private event"

I'll never be a Flagship Select client unless I happen to win the upcoming October Publisher Clearing House drawing with the current award of $7,000 per week for the rest of my life. But at my age I probably might not get to that level even with the PCH prize money, especially after federal (no stat...
by tomd37
Sun Sep 18, 2016 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Definition of gambling winnings/losses
Replies: 20
Views: 804

Re: Definition of gambling winnings/losses

The casino issuing the tax document most likely knows best what document to issue to the taxpayer. That's part of their business model. What the taxpayer does with it is between the taxpayer and the IRS and should be in accordance with IRS tax guidelines/regulations. :moneybag
by tomd37
Sun Sep 18, 2016 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Definition of gambling winnings/losses
Replies: 20
Views: 804

Re: Definition of gambling winnings/losses

Without further investigation, I would question whether it is a gambling winning or a prize winning. Gambling winnings are normally covered by a W-2G issued by the casino and prizes are normally covered by a 1099-MISC with the amount in box 3. Gambling winnings go on line 21 of Form 1040 with the no...
by tomd37
Sat Sep 17, 2016 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: HVAC tax credit
Replies: 4
Views: 616

Re: HVAC tax credit

No, the cumulative tax credit for items of this nature for all years after 2006 is now a total of $500. Have you ever taken this credit since 2006?
by tomd37
Sat Sep 17, 2016 12:52 pm
Forum: Personal Consumer Issues
Topic: Windshield wiper chatter
Replies: 7
Views: 704

Re: Windshield wiper chatter

Am wondering if the rubber on the wiper has dried out and is no longer flexible. It should not be if it is a new blade, but then maybe it was not new or maybe in stock too long and subject to too much heat. I would go back and have them replace them free of any charge.
by tomd37
Wed Sep 14, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard QCD Checks [Qualified Charitable Distributions]
Replies: 38
Views: 2118

Re: Vanguard QCD Checks [Qualified Charitable Distributions]

It "may" lessen, not necessarily "will" lessen, the amount of SS benefit subjected to income tax.
by tomd37
Wed Sep 14, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard QCD Checks [Qualified Charitable Distributions]
Replies: 38
Views: 2118

Re: Vanguard QCD Checks

When it comes to QCDs, other than knowing whether or not they received the check, I would not be too concerned about it since QCDs cannot be used as deductions if a taxpayer is itemizing deductions on Schedule A. Of course the better benefit of QCDs is that they do not count as income "above th...
by tomd37
Tue Sep 13, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Amending old tax return
Replies: 22
Views: 1179

Re: Amending old tax return

Kaneohe, I believe AARP Foundation only supports and provides one tax program; Tax Counseling for the Elderly (TCE). Some people refer to it as Tax-Aide. The IRS supports two tax programs; Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly. In our area of middle Tennessee The ...
by tomd37
Sun Sep 11, 2016 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Glass in Air Vents
Replies: 4
Views: 456

Re: Auto Glass in Air Vents

That is what I was thinking they should have automatically done. :oops:
by tomd37
Sun Sep 11, 2016 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Glass in Air Vents
Replies: 4
Views: 456

Re: Auto Glass in Air Vents

Not ever having had a windshield damaged/broken that way, I think this is something the firm replacing should have taken care of when they replaced the windshield. I suspect it is not something uncommon in their business. You might check with some other glass replacement companies and inquire as to ...
by tomd37
Thu Sep 08, 2016 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Is my financial adviser expensive? Can I improve my portfolio?
Replies: 37
Views: 3851

Re: Is my financial adviser expensive? Can I improve my portfolio?

All I can say is that "advisor" (read salesman) has got you hook, line, and sinker and the best way out is to cut the line.
by tomd37
Sun Sep 04, 2016 11:45 am
Forum: Personal Consumer Issues
Topic: water filter for a home
Replies: 10
Views: 1135

Re: water filter for a home

Selftalk, I have used a "whole house" water filter for the past 21 years in this home. The original one lasted 20 years before having to replace it. We had a sudden rise in water pressure and it ruptured the filter housing, thankfully without much damage to the area. I bought the original ...
by tomd37
Sat Sep 03, 2016 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: How do you stop yourself from checking your balances?
Replies: 66
Views: 3873

Re: How do you stop yourself from checking your balances?

I look at my retirement account each weekday, record it on a spreadsheet monthly, and make any required changes annually when taking my RMD. That method has worked well for me since retiring fourteen years ago. If there was a very major change during the year I would consider rebalancing, but as I r...
by tomd37
Tue Aug 30, 2016 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Best Way to Rebalance?
Replies: 1
Views: 288

Best Way to Rebalance?

I am nine years into RMDs and really have not given much consideration to rebalancing. I am now beginning to question if there is a “best” way to rebalance to my 40/60 asset allocation, if needed. Assuming rebalancing is needed in this tax-deferred account, should I rebalance to my desired AA prior ...
by tomd37
Mon Aug 29, 2016 10:03 am
Forum: Investing - Help with Personal Investments
Topic: What to do with 401K of deceased Dad?
Replies: 10
Views: 1749

Re: What to do with 401K of deceased Dad?

Wade,
The assistance provided on this site is "commonplace" here and I for one am very appreciative of the participants here. I have been reading this forum and it predecessor for what I think is about twenty years now. Thanks to all who participate here. :thumbsup
by tomd37
Sat Aug 27, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Best book on Taxes?
Replies: 9
Views: 1014

Re: Best book on Taxes?

Agree with Jim on 4491. Only wish it was still available in print as I don't like reading stuff like that online. But everything is going online and out of print these days. I just hope Pub 4012 remains in print as the primary document for TCE/VITA, but even that is being threatened these days. Got ...
by tomd37
Fri Aug 26, 2016 8:54 pm
Forum: Personal Consumer Issues
Topic: Surprised by Costco Citi VISA first statement
Replies: 28
Views: 3732

Re: Surprised by Costco Citi VISA first statement

Allocationist, As mentioned by a previous poster, it all depends on how the merchant is registered (i.e., merchant code). It took me almost two years working with my nearest Publix Supermarket to get them to change their merchant code to reflect they are a grocery store. All the other Publix stores ...
by tomd37
Wed Aug 24, 2016 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about VG PAS
Replies: 5
Views: 530

Re: Questions about VG PAS

Friar - Once again, as on other posts you have made or responded to mine, we seem to have very similar mindsets. I have subscribed to your post so I am alerted to responses to it as I have virtually the same thoughts as you posted. Maybe great minds thinking alike :?:
by tomd37
Wed Aug 24, 2016 10:18 am
Forum: Personal Consumer Issues
Topic: Buying a house from in laws...what steps?
Replies: 7
Views: 637

Re: Buying a house from in laws...what steps?

And yet another thing to think about, in addition to everything else already mentioned, is your cost basis that will be needed when you get ready to sell the home. That basis will be used to determine if you made a profit or loss on your sale of the home down the road.
by tomd37
Mon Aug 22, 2016 8:12 pm
Forum: Personal Consumer Issues
Topic: Donating to Habitat for Humanity
Replies: 3
Views: 357

Donating to Habitat for Humanity

It is the time of year for me to make my annual charitable contributions via the QCD method. I have regular charities to which I contribute annually but have thought about adding Habitat for Humanity (HFH) to the list this year. However when I look up their donation site it does not appear that I ca...
by tomd37
Mon Aug 22, 2016 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Parents' AA and advice--should they leave manager?
Replies: 18
Views: 1500

Re: Parents' AA and advice--should they leave manager?

Haymaker18, Being twenty years older than your parents, I personally would not have even considered a 80/20 asset allocation in my early sixties. I used a 60/40 allocation up to retirement at 65, then gradually took it down to a 50/50 until 75. Then, realizing I no longer had the "need" to...
by tomd37
Thu Aug 18, 2016 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: How do you handle ATM access with checking accounts?
Replies: 21
Views: 1126

Re: How do you handle ATM access with checking accounts?

I charge virtually everything to one cash rebate credit card (the original AMEX Blue Cash card) and have one other VISA credit card for the very few merchants, in our case, who do not accept AMEX. For any desired cash needs, I make an ATM withdrawal periodically from my NFCU checking account and kee...
by tomd37
Thu Aug 18, 2016 11:23 am
Forum: Personal Consumer Issues
Topic: Gutters and gutter guards
Replies: 40
Views: 3384

Re: Gutters and gutter guards

Yep, no gutters of any type are going to do any good for you if they are not sloped correctly and sized properly for your conditions. In addition the downspouts must also be sized properly. Good luck!
by tomd37
Wed Aug 17, 2016 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Correcting allocations towards 3-fund portfolio
Replies: 2
Views: 284

Re: Correcting allocations towards 3-fund portfolio

I will comment before someone else does; you need to identify your holdings with their name and symbol. Most people don't know them nor will they look them up.
by tomd37
Tue Aug 16, 2016 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Calculation of Annual Dividends & Interest
Replies: 1
Views: 224

Calculation of Annual Dividends & Interest

If I wanted to get an estimate the total annual dividends and interest received and reinvested last year (2015) from a full year $I00K investment in one fund (e.g. Wellesley Income VWIAX) to compare with the same income I received from the investment in funds I had last year, can that be done and ho...
by tomd37
Tue Aug 16, 2016 8:25 am
Forum: Personal Consumer Issues
Topic: AAA Car Batteries
Replies: 44
Views: 9316

Re: AAA Car Batteries

My first dealing with AAA car batteries was two years ago when I replaced the five-year old battery in my wife's 2001 Lexus ES300 with one from AAA. They came to the house, tested it, and replaced it for me for $131. My second dealing with AAA was three weeks ago when I preemptively replaced the six...
by tomd37
Mon Aug 15, 2016 8:54 am
Forum: Personal Finance (Not Investing)
Topic: USAA worth it?
Replies: 23
Views: 2940

Re: USAA worth it?

62caster,
You mention you bank with USAA and I wonder if you might qualify in any way to join the Navy Federal Credit Union whom in my opinion has much better rates. I've been with both USAA and NFCU since 1961 and NFCU various savings rates are much better in my opinion.
by tomd37
Sun Aug 14, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: HOA Ruling
Replies: 34
Views: 3808

Re: HOA Ruling

Ours require 3/4 to approve amendment.
by tomd37
Sun Aug 14, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: HOA Ruling
Replies: 34
Views: 3808

Re: HOA Ruling

It is my understanding that the CCRs cannot override some things. For example, I think the FCC rule change about twenty years ago or so overrules the old CCRs formed prior to that. Another example in our CCRs is that cars cannot be parked on our streets except for social activities. Well since our s...
by tomd37
Sun Aug 14, 2016 11:10 am
Forum: Personal Consumer Issues
Topic: bifiocals vs progressive lenses - value/cost
Replies: 20
Views: 1293

Re: bifiocals vs progressive lenses - value/cost

Just curious. I have used bifocals with the line for forty years now. Some years ago I attempted the use of progressive trifocals but could not easily adapt to them so I went back to the usual bifocals. Recently I learned through Costco that they could take my bifocal prescription and make an automa...
by tomd37
Sun Aug 14, 2016 9:11 am
Forum: Personal Finance (Not Investing)
Topic: HOA Ruling
Replies: 34
Views: 3808

Re: HOA Ruling

And new neighbors moving in sometime in the future might change things.....
by tomd37
Sun Aug 14, 2016 8:27 am
Forum: Personal Finance (Not Investing)
Topic: HOA Ruling
Replies: 34
Views: 3808

Re: HOA Ruling

In my community, the CCRs were originally imposed back in 1988 and have been amended several times. But those amendments had to follow certain procedures as stated in the CCRs and properly voted upon by a certain percentage of the homeowners for either approval or disapproval. I suggest you research...
by tomd37
Sat Aug 13, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 5842

Re: Joint Accounts - How do you use it?

I have to agree with the way Toons states it. For the fifty years of marriage (in November) there has only been one joint account and neither of us has ever questioned a purchase the other has made. We do talk about and agree to major purchases affecting both of us. I personally did make a poor deci...
by tomd37
Fri Aug 12, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones did not withhold Inherited IRA taxes
Replies: 5
Views: 396

Re: Edward Jones did not withhold Inherited IRA taxes

Crow Hunter
Maybe if you give more specifics about the inherited IRA you might get some better responses. For example, what type of IRA, from whom inherited, etc..
by tomd37
Thu Aug 11, 2016 2:55 pm
Forum: Personal Consumer Issues
Topic: air conditioning filters
Replies: 36
Views: 2662

Re: air conditioning filters

I have a good friend who owned and operated a HVAC business all his life until retirement a couple of years ago. He always recommended the Filtrete one-inch filters, but also told me not to use the filters with the higher MERV ratings as they can reduce the air flow to the unit and cause issues. He ...
by tomd37
Wed Aug 10, 2016 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Life Strategy Funds
Replies: 32
Views: 3694

Re: Vanguard Life Strategy Funds

As we enter our 80's I am thinking about the possibility that I might no longer be able to manage our 40/60 stock/bond Vanguard tax-deferred portfolio that is basically the 3 fund plus REIT Index. Also thinking about the management of the portfolio after my demise, assuming that I pass first. The Li...
by tomd37
Sat Aug 06, 2016 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Decline & Investing
Replies: 12
Views: 1959

Re: Personal Decline & Investing

I had just posted a few hours ago on the Investing-Help with Personal Investments forum about basically the same situation in which I am thinking about simplifying our AA to make things easier on my spouse should I start to decline. I have all the necessary documents established within our joint rev...
by tomd37
Sat Aug 06, 2016 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying Portfolio As We Age
Replies: 1
Views: 400

Simplifying Portfolio As We Age

Retired couple (80) here with a fairly simple 40/60 stock/bond tax-deferred account asset allocation consisting of four funds: VBILX – Intermediate-Term Bond Index – 60% VTSAX – Total Stock Market Index – 20% VTIAX – Total International Stock Index – 10% VGSLX – REIT Index – 10% VBILX has been provi...
by tomd37
Tue Aug 02, 2016 11:11 am
Forum: Personal Consumer Issues
Topic: Are these home [insulation] items worth it?
Replies: 19
Views: 2203

Re: Are these home installation items worth it?

TYJack, I can speak from experience about insulating the area around pull-down stairs leading to the attic. AtticTent has excellent products that I use and highly recommend. You can find them listed at http://www.attictent.com. Research them on their website then search for the product desired at ot...
by tomd37
Sun Jul 31, 2016 3:51 pm
Forum: Personal Consumer Issues
Topic: Hazardous Tree
Replies: 7
Views: 785

Re: Hazardous Tree

Does your HOA have a management company under contract? If so send them a letter also as sometimes they have more power over a non-responsive HOA President or Board. I speak from experience dealing with a poor HOA President.
by tomd37
Sun Jul 31, 2016 1:56 pm
Forum: Personal Consumer Issues
Topic: Hazardous Tree
Replies: 7
Views: 785

Re: Hazardous Tree

Philip - I have been through your particular situation. There was a sixty-foot diseased and dying tree in the common area behind our home that was dropping large limbs onto my property. Insurance companies state that if the tree or parts of it fall onto my property it is my financial responsibility ...
by tomd37
Sun Jul 31, 2016 11:39 am
Forum: Personal Consumer Issues
Topic: Sink Hole in Yard
Replies: 9
Views: 1187

Re: Sink Hole in Yard

Neilpilot, My homeowner insurance in Tennessee with USAA used to automatically include sinkhole coverage, but about four years ago it was excluded from the basic policy and became subject to an additional coverage premium, I think $108 off the top of my head. Well worth it in my opinion for middle TN.

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