Search found 2595 matches

by tomd37
Thu Oct 19, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: Revised Version The Little Book of Common Sense...
Replies: 11
Views: 1177

Re: Revised Version The Little Book of Common Sense...

Just received email update from Amazon yesterday. Estimated delivery date is now October 25th.
by tomd37
Wed Oct 18, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Credit scores fell this month a lot for no reason
Replies: 38
Views: 2014

Re: Credit scores fell this month a lot for no reason

I can see how a zero utilization rate is possible on credit cards. The amount of your monthly bill when issued is what is reported on credit reports. You can arrange to pay that amount on the same day as your bill is issued and you could then have a zero balance and utilization rate. I charge virtua...
by tomd37
Mon Oct 16, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Revised Version The Little Book of Common Sense...
Replies: 11
Views: 1177

Revised Version The Little Book of Common Sense...

According to an email just received from Amazon the release of the revised version of The Little Book of Common Sense Investing..... is delayed another month.
by tomd37
Fri Oct 13, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: Outback Vs Forester Vs CR-V ??
Replies: 37
Views: 3115

Re: Outback Vs Forester Vs CR-V ??

Concerning the two Subaru models, Planet Subaru in Hanover, MA has a great online comparison of the two 2018 models with many details and comments. I went to Google and entered 2018 Subaru Forester vs. Outback. I am considering both but then happened to hear about the new 2018 Buick Regal TourX whic...
by tomd37
Thu Oct 12, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Deducting State Sales Taxes
Replies: 11
Views: 4131

Re: Deducting State Sales Taxes

Scoobydo, I realize your post was made back in 2008, but it is referenced in a current post on deduction of state and local sales tax. The original post made mention of claiming tax paid on airline tickets. That is an excise tax and cannot be claimed as a state and local sales tax for deduction on S...
by tomd37
Thu Oct 12, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Standard Sales Tax Deduction is Miserly -- here's my way
Replies: 28
Views: 3793

Re: Standard Sales Tax Deduction is Miserly -- here's my way

The 2016 version of IRS Pub 17 (2017 version not yet released), pages 152-153 discusses state and local general sales taxes deductions. Included therein is a definition of motor vehicles. My interpretation of that section and the list therein indicates a motor vehicle is something that actually has ...
by tomd37
Wed Oct 11, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Standard Sales Tax Deduction is Miserly -- here's my way
Replies: 28
Views: 3793

Re: Standard Sales Tax Deduction is Miserly -- here's my way

When I checked with my state department of revenue I was told unless there was such a statement in your contract, you could not claim the sales tax paid by the contractor. I follow this guideline when doing when doing volunteer tax preparation services unless the contract states such as previously c...
by tomd37
Tue Oct 10, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Standard Sales Tax Deduction is Miserly -- here's my way
Replies: 28
Views: 3793

Re: Standard Sales Tax Deduction is Miserly -- here's my way

Just a reminder on sales tax deduction. It is my understanding that on a remodeling/renovation job you can take the sales tax deduction for the material purchased only if you purchased the items yourself. You cannot do so if the contractor bought the material and then invoiced you. In that case he p...
by tomd37
Sat Oct 07, 2017 10:41 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7442

Re: Do you want your receipt?

I live in a state where I can, under current federal tax law, deduct state and local sales tax on Schedule A in those years I choose to itemize deductions on my federal tax return. We purchased a new car in 2018 so that alone will add $2,700+ to my other state sales tax paid total. I charge virtuall...
by tomd37
Mon Oct 02, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6034

Re: Are credit cards rewards worth it?

I have seen numerous references in the past year to a sign-on bonus for getting new credit cards and it appears a number of people do this to get that additional free money. But I question the impact of such activity on their credit scores. Those credit scores impact many other ongoing life situatio...
by tomd37
Mon Oct 02, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6034

Re: Are credit cards rewards worth it?

I sometimes question some of the responses I read about cash rebate cards. If one receives an annual cash rebate of $2,500 using a 2% cash-back card that means charging $125,000 annually that card. Under what conditions would a person make personal charges of $125,000 to a credit card to obtain such...
by tomd37
Thu Sep 21, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 45
Views: 5511

Re: 2018 Subaru Outback

Friar1610, Contacted Buick online this evening and the 2018 Buick Regal TourX should starting hitting the showrooms in 4th quarter 2017. I saw your reference to it in another post, looked at it then, and then forgot about it. Looked at it again based on this post and really like the looks of it. I s...
by tomd37
Wed Sep 20, 2017 8:02 am
Forum: Personal Consumer Issues
Topic: 2018 Subaru Outback
Replies: 45
Views: 5511

Re: 2018 Subaru Outback

TxAg - Can the automatic headlight function be turned off to stop the problem to which you refer? I know it can be turned off on some vehicles.
by tomd37
Fri Sep 15, 2017 6:28 pm
Forum: Personal Consumer Issues
Topic: 2017-18 Outback MPG
Replies: 19
Views: 1091

Re: 2017-18 Outback MPG

I was just researching the 2018 Subaru Outback vs. Forester online a couple of hours ago. I had read a recent article about the best vehicles for seniors (I am 80) and very interested in returning to a station wagon vs. a SUV. The Forester and Outback rate #1 and #2 on the Consumer Reports list. I m...
by tomd37
Thu Sep 07, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Married, owning two homes, file as HOH?
Replies: 43
Views: 2226

Re: Married, owning two homes, file as HOH?

OP Doc - You really need to take a look at the "Special Rules" for MFS filing status shown on page 22 of IRS Pub 17. I can think of nothing worse than getting into trouble with the IRS as a result of a self-inflicted digital exam! :thumbsup This is a "proper" site and does not contain other more des...
by tomd37
Thu Sep 07, 2017 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Married, owning two homes, file as HOH?
Replies: 43
Views: 2226

Re: Married, owning two homes, file as HOH?

It is my understanding that as a married couple living together your only filing status choices are married filing jointly (MFJ) and married filing separately (MFS). I think if you look at pages 20 - 24 of IRS Publication 17 you will see that you do not qualify for MFS filing status and probably wou...
by tomd37
Sun Sep 03, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard - How to combine spouse accounts
Replies: 28
Views: 2895

Re: Vanguard - How to combine spouse accounts

The OP (Frisbee) needs to be more specific in his/her post as to what specific types of accounts are being discussed. As mentioned by others, IRAs are just what they are, individual retirement accounts, and as such are not and cannot be jointly owned. In our family we each own a traditional IRA, I o...
by tomd37
Wed Aug 30, 2017 8:15 pm
Forum: Investing - Theory, News & General
Topic: Bogle's Book
Replies: 13
Views: 1701

Re: Bogle's Book

Thank you for the pre-order site. :moneybag
by tomd37
Wed Aug 30, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Bogle's Book
Replies: 13
Views: 1701

Bogle's Book

Cannot find any reference but did I read somewhere on one of these forums that Mr. Bogle's book "The Little Book of Common Sense Investing..." is undergoing a revision? If so does anyone have any idea as to when it will be available on the market? I do have the original and revised 10th anniversary ...
by tomd37
Wed Aug 30, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from Vanguard
Replies: 38
Views: 2445

Re: QCDs from Vanguard

Minot - In the Vanguard system can you set up check writing authority from a specific traditional IRA account (e.g. Total Stock Market Index fund) or must the check writing authority be set up on a money market account and have a dollar amount transfer made to that account before desiring to write Q...
by tomd37
Tue Aug 29, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: QCDs from Vanguard
Replies: 38
Views: 2445

Re: QCDs from Vanguard

Good point Puck! That fact is often overlooked.
by tomd37
Mon Aug 28, 2017 9:39 am
Forum: Forum Issues and Administration
Topic: Delete All Board Cookies
Replies: 3
Views: 780

Delete All Board Cookies

I am not "computer literate" (in fact just the opposite) so I ask the question what does the icon at the bottom of the page "delete all board cookies" mean? What happens if I click on it or if I do not click on it? :?
by tomd37
Sat Aug 26, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 Tax Bill Letter - Please Help
Replies: 32
Views: 2066

Re: IRS CP2000 Tax Bill Letter - Please Help

After reading the original post and associated comments thereafter, I've arrived at the conclusion that if one does not know where they are going (especially with tax related items) they are best not going there on their own without some idea of the consequences they might face. :oops:
by tomd37
Sat Aug 26, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Windows 10 WIFI keeps randomly disconnecting - help!
Replies: 17
Views: 1461

Re: Windows 10 WIFI keeps randomly disconnecting - help!

I "rent" my modem from Comcast. :moneybag I had one more than six years old and it began to disconnect eight to ten times a day. Took it back to Comcast and exchanged for a new one last month. No problems whatsoever since. :D Am running Windows 7 on desktop and laptop.
by tomd37
Sat Aug 26, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Insurance Increase
Replies: 13
Views: 1343

Re: USAA Auto Insurance Increase

My United Services Automobile Association semi-annual auto renewal policy just came yesterday and the price did not increase. Have been with USAA for all insurances since 1961 and had excellent claim payments for the two no-fault accidents in those 57 years. :D
by tomd37
Fri Aug 25, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Older Couple?
Replies: 6
Views: 852

Re: Roth Conversion for Older Couple?

Rudy - As indicated in the OP the taxable investment account represents only ~4% of total investments and it is in VG High Dividend Yield Index. My bond investments are in the tax-deferred traditional IRA account and represent ~60% of total investments.
by tomd37
Thu Aug 24, 2017 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Older Couple?
Replies: 6
Views: 852

Roth Conversion for Older Couple?

Older couple in excellent health and in early 80s with RMD in excess of budget needs. 40/60 stock/bond asset allocation in Vanguard Total Stock Market Index fund (VTSAX) and Vanguard Intermediate-Term Bond Index fund (VBILX). Also hold small taxable account in Vanguard High Dividend Yield Index fund...
by tomd37
Thu Aug 24, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: Exhaust Fan for the bathroom
Replies: 59
Views: 4407

Re: Exhaust Fan for the bathroom

mrc & Rupert I agree permit is not required, but I know when I replaced the combination light/fan in two upstairs bathrooms five years ago as part of a major renovation, the contractor said the new installation would have to be in accordance with the newer codes and they would have to be vented dire...
by tomd37
Thu Aug 24, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: Exhaust Fan for the bathroom
Replies: 59
Views: 4407

Re: Exhaust Fan for the bathroom

When it comes time for replacement, do building codes come into play? Local codes could have changed since the original installation and I think new codes, if any, would have to be followed. Anyone familiar with such requirement? Surely an electrician installing a new fan would be.
by tomd37
Tue Aug 22, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal CU New Certificate Offering
Replies: 9
Views: 2717

Re: Navy Federal CU New Certificate Offering

Thanks - This subject has been the subject of a couple of other posts since the offering was announced at the end of July. :moneybag
by tomd37
Tue Aug 22, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Widow's Social Security Benefit
Replies: 8
Views: 986

Re: Widow's Social Security Benefit

Her benefit is 44% of my benefit.
by tomd37
Tue Aug 22, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Widow's Social Security Benefit
Replies: 8
Views: 986

Widow's Social Security Benefit

If I remember correctly we used to have a very knowledgeable person on this site who had a good understanding of social security (SS) benefits. Until recently I thought I had a clear understanding of what my wife's SS benefit would be if I were to pass before her. She is 82 and I am 80. She started ...
by tomd37
Mon Aug 21, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should my grandfather liquidate?
Replies: 22
Views: 1732

Re: Should my grandfather liquidate?

If the OP does not understand capital gain tax now he should not be advising anyone about a possible sale containing such versus waiting. :(
by tomd37
Fri Aug 18, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: RMD taxation taken in December
Replies: 12
Views: 1156

Re: RMD taxation taken in December

Taylor - When you take your RMDs does the Vanguard system ask you the amount you want withheld or does it ask you the percentage you want withheld? I seem to remember it asks the percentage, but I may be incorrect. Regards,
by tomd37
Wed Aug 16, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: IRS Audit 2015 1099 MISC
Replies: 11
Views: 1527

Re: IRS Audit 2015 1099 MISC

Agreed Jim. Especially in this situation sometimes I have to convince the T-A client of what is correct and not correct. For the past twenty years I have always ordered a paper copy of Pub 17 and kept it for a number of years. Have five years on the shelf above me right now. Now that we only get one...
by tomd37
Tue Aug 15, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Audit 2015 1099 MISC
Replies: 11
Views: 1527

Re: IRS Audit 2015 1099 MISC

You are exactly right Rudy and it is the position I always present and take when preparing tax returns. Very clearly spelled out in Pub 17, page 186 and supporting referenced sections and pages.
by tomd37
Tue Aug 15, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Audit 2015 1099 MISC
Replies: 11
Views: 1527

Re: IRS Audit 2015 1099 MISC

I respectfully disagree with the statement you can claim mileage for going to and from your coaching job (1099-MISC). I believe the IRS considers that as commuting to your job and commuting miles are not deductible.
by tomd37
Tue Aug 15, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Planning for my Wife - Introductory Post & First Question
Replies: 23
Views: 3145

Re: Planning for my Wife - Introductory Post & First Question

ForMyWife - If there are any concerns about your wife doing tax returns, it sounds like your types of income and expenses fit very well into the free Tax-Aide program sponsored by the AARP Foundation and IRS. There are 36,000 volunteer tax preparers across the country at many sites preparing federal...
by tomd37
Fri Aug 11, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Navy Fed CU 5-month 3% $10k CDs
Replies: 7
Views: 1555

Re: Navy Fed CU 5-month 3% $10k CDs

I'm hoping NFCU continues to offer higher rate certificates even if for short maturity periods. I have a low six-figure amount of their certificates maturing in a three month period next year that currently have APYs ranging from 1.55% to 3.00%. It would be nice to be able to renew them at a higher ...
by tomd37
Wed Aug 09, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: Navy FCU Special 5-Month Certificate 3.00% APY
Replies: 3
Views: 1092

Re: Navy FCU Special 5-Month Certificate 3.00% APY

This was posted about ten days ago on another post, but not by itself so thanks for bringing it up as a separate item. Each NFCU member can have one certificate of this offering :moneybag
by tomd37
Sun Aug 06, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: NWM insurance policy
Replies: 7
Views: 652

Re: NWM insurance policy

From a different point of view, at age 25 I purchased a whole-life policy paid up at age 55. During those thirty years I paid in a total of $4,161 and my death benefit now at age 80 is $46,387. I have two similar policies purchased at age 45 and paid up at age 55 with similar dollar amount benefits....
by tomd37
Sat Aug 05, 2017 7:12 am
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2207

Re: Possible NFCU CD Special?

Rose - There is a limit of one $10,000 certificate per member. It is an add-on situation up to the limit.
by tomd37
Fri Aug 04, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Glassware care
Replies: 12
Views: 802

Re: Glassware care

Over the past 51 years of marriage we have always hand washed and dried the numerous pieces of Waterford we have accumulated. Would never put them in the dishwasher.
by tomd37
Mon Jul 31, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2207

Re: Possible NFCU CD Special?

Thanks FriarJ, Just called NFCU because could not see remarks for footnote 1 online. It is one per member offer with add-on capability up to the $10K limit. Opened up one for myself and my wife. Great short-term rate so we will have to keep watching watch in January 2018 for any replacement offer. :...
by tomd37
Sun Jul 30, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Good Service for Flagship Investors
Replies: 35
Views: 4456

Re: Good Service for Flagship Investors

Rudy - After reading all the IRS instructions and guidelines I have to agree with you. My QCDs are done for 2017 and maybe Vanguard will come up with something when they finish the review of the subject as I was recently told. In the meantime I have another year to wait and I will also look into che...
by tomd37
Fri Jul 28, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: Possible NFCU CD Special?
Replies: 11
Views: 2207

Re: Possible NFCU CD Special?

Thanks for the reminder John. I too have August maturing 15-month CDs. I believe they are designating August as the new "military appreciation month". It used to be May with one-year CDs, but last year they extended it to 15-month CDs and made August the new maturing month. As a reminder spouses qua...
by tomd37
Thu Jul 27, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard QCD Process
Replies: 6
Views: 574

Re: Vanguard QCD Process

Thanks to everyone for the responses posted thus far. After reading all the links posted here and any links in those posts, let's hope what my Vanguard rep said today about Vanguard looking into this whole matter will result in a much easier method of doing QCDs. In the meantime I am going to look i...
by tomd37
Thu Jul 27, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard QCD Process
Replies: 6
Views: 574

Vanguard QCD Process

I have been taking QCDs each tax year they have been available to me. I have worked out a procedure in the past with my Flagship representative in which I make an appointment in advance for him to call me at a certain time. Two days or so before the call I email him a listing of the donation recipie...
by tomd37
Thu Jul 27, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Lazy Investor Seeks Lazy Grass Watering System
Replies: 18
Views: 1695

Re: Lazy Investor Seeks Lazy Grass Watering System

I have a neighbor down the street who uses the traveling sprinkler and it works great for him. I think its proper operation is very dependent upon the placement of the hose system and the ability of the unit to follow the hose and not get caught up on anything. I don't know how the unit handles the ...
by tomd37
Sat Jul 22, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: How much electricity are you using and how expensive it is?
Replies: 93
Views: 4781

Re: How much electricity are you using and how expensive it is?

We (2 of us) live in Middle Tennessee and electricity for the entire region comes via TVA at a basic charge of $11.83 per month and an energy charge of $0.10506 per kwh as per the last billing. We have a two-story 2200 sq ft home with 18 foot ceilings on one-third of the home. We have natural gas fo...