Search found 2526 matches

by tomd37
Tue Jun 20, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: Want to downsize, see "to do" list. What to tackle first?
Replies: 37
Views: 3091

Re: Want to downsize, see "to do" list. What to tackle first?

Jackson12,
Based on what you just posted the bathroom appears to be a "must do" and I agree with your thinking. My understanding is that bathrooms and kitchens play the most significant roles in the sale of a home when it comes to renovations. Thanks for the updated info.
by tomd37
Tue Jun 20, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: Want to downsize, see "to do" list. What to tackle first?
Replies: 37
Views: 3091

Re: Want to downsize, see "to do" list. What to tackle first?

I totally agree with many of the other comments to contact several realtors and get their consensus of what your best options are. However, my opinion of what you should consider doing is going to vary greatly. In my opinion you are not going to recover anywhere near the investment cost of the repai...
by tomd37
Thu Jun 15, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4715

Re: Do You Take Your Credit Card Receipts?

I have seen people write "left tip on table" in the tip section of the charge slip and their copy when they do that.
by tomd37
Wed Jun 14, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4715

Re: Do You Take Your Credit Card Receipts?

I cross-cut shred my receipts before disposing of them, but are not aware of the matter that they cannot be recycled. Will check with my Metro Nashville recycle center.
by tomd37
Wed Jun 14, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4715

Re: Do You Take Your Credit Card Receipts?

All my purchases are via credit card and I keep all my credit card receipts for two reasons; 1) I live in a state where we do not have an income tax and have the election ability to use state and local sales tax paid as an itemized deduction on Form 1040 Schedule A "if" I itemize deduction...
by tomd37
Mon Jun 12, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Name Change After Getting Married
Replies: 17
Views: 1887

Re: Name Change After Getting Married

Your wife should not forget about changing her name with the Social Security Administration (SSA). When you and she file your federal tax return this year the IRS goes through a name matching procedure where the names on the tax return, whether electronically or paper filed, are compared with the SS...
by tomd37
Sat Jun 10, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Fence Dilemma
Replies: 31
Views: 2560

Re: Fence Dilemma

From what has been said thus far, it sounds like things might be different in California and possibly other places also. Everywhere I have ever lived in my 80 years fences are on one side or the other of the property line, thus defining ownership. But then there are many places I have not lived so I...
by tomd37
Tue Jun 06, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Anti virus protection
Replies: 27
Views: 2047

Re: Anti virus protection

Several respondents mentioned Norton security software available through their Comcast service. I too have Comcast but am wondering about adding it to the free Malwarebytes program I already have. Seems I read years ago that multiple programs can slow things down considerably. Any comments?
by tomd37
Sun Jun 04, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Exchange Fund within Roth IRA
Replies: 3
Views: 175

Exchange Fund within Roth IRA

Can I "exchange" one Vanguard fund held in a Roth IRA at Vanguard for another Vanguard fund without any implications?
by tomd37
Sun Jun 04, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: Black and white laser printers
Replies: 43
Views: 2156

Re: Black and white laser printers

Don't have any of those particular models but I have a Brother model HL-2280DW that will do all you list and I am very happy with it. I get my extended-life cartridges on-line from Costco or WalMart.
by tomd37
Tue May 30, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Real Estate Percentage in VG Major Index Funds
Replies: 4
Views: 458

Re: Real Estate Percentage in VG Major Index Funds

Thanks for the M* reference. I had forgotten about that and it shows about 1% less for SP 500 and that's probably due to the mid and small companies that reflect in the TSM.
by tomd37
Mon May 29, 2017 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Real Estate Percentage in VG Major Index Funds
Replies: 4
Views: 458

Real Estate Percentage in VG Major Index Funds

Interesting to note that Vanguard portfolio composition reflects 2.90% real estate in 500 Index Fund VFIAX but no longer reflects any real estate percentage in Total Stock Market Index VTSAX. I am wondering if that is an unintentional omission or if something has changed in the last couple of years....
by tomd37
Fri May 26, 2017 9:24 pm
Forum: Investing - Theory, News & General
Topic: DFA Retirement Income Strategies
Replies: 78
Views: 7436

Re: DFA Retirement Income Strategies

Thanks very much.
by tomd37
Fri May 26, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 59
Views: 6679

Re: Avoiding Taxes with RMD

Based on the replies I see here, I guess we all have our individual ways on handling federal and state tax withholding and payment based on individual circumstances. I retired from the US Navy back in 1981 and set up my federal withholding amounts back then. My wife started taking social security be...
by tomd37
Thu May 25, 2017 8:41 pm
Forum: Investing - Theory, News & General
Topic: DFA Retirement Income Strategies
Replies: 78
Views: 7436

Re: DFA Retirement Income Strategies

FriarJohn,
If you have access to the Rick Ferri paper you cite I would be interested in reading it. Regards,
by tomd37
Thu May 25, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 59
Views: 6679

Re: Avoiding Taxes with RMD

My name, If you will be itemizing deductions in 2017 don't forget the threshold for itemizing medical deductions rises from 7.5% to 10% starting in tax year 2017. Also, if you are into charitable contributions, once you attain the age of 70.5 (and not a day before) you are eligible for qualified cha...
by tomd37
Mon May 22, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Amended taxes, still not showing in IRS website
Replies: 8
Views: 671

Re: Amended taxes, still not showing in IRS website

I have always been under the impression the IRS says allow 8 to 12 weeks for the processing of an amended return and I would think at this time of year it is an appropriate time frame.
by tomd37
Sun May 21, 2017 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Int'l Investing as % of Total Equity Side
Replies: 7
Views: 836

Re: Int'l Investing as % of Total Equity Side

Thanks to all who responded and I apologize for the delay in responding. While I am willing and have the ability to take risk, I no longer have the need to take risk. As Bill B. and Larry S. say, if you have won the game there is no need to continue playing. The utility of worth curve has flattened ...
by tomd37
Fri May 19, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Int'l Investing as % of Total Equity Side
Replies: 7
Views: 836

Int'l Investing as % of Total Equity Side

As an 80 year-old, I basically have a 3-fund portfolio consisting of Total Stock Market Index (VTSAX), Intermediate-Term Bond Index (VBILX) and REIT Index (VGSLX) and those funds are invested in a 40/60 stock/bond ratio. I have opted not to follow Vanguard's general guidance of 40% of equities in in...
by tomd37
Fri May 19, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: How handle home sale proceeds?
Replies: 7
Views: 795

Re: How handle home sale proceeds?

Although you did not clearly state, I assume your federal filing status is single. Therefore, if your net profit is less than $250,000 you will not owe any federal tax on the profit. If you end up receiving a Form 1099-S reporting the sale of the home you WILL have to report the sale on Form 1040, S...
by tomd37
Mon May 15, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: My SS Deposit Keeps Getting Earlier and Earlier Every Month
Replies: 16
Views: 2046

Re: My SS Deposit Keeps Getting Earlier and Earlier Every Month

My wife has been drawing SS benefits for almost twenty years now. Her benefits are to be available to her in our bank on the third Wednesday of every month. Our bank (Navy Federal CU) posted a note on our account during the day last Friday that the deposit would be available in the account on May 17...
by tomd37
Sat May 06, 2017 8:10 pm
Forum: Personal Consumer Issues
Topic: HOA & renting rules
Replies: 27
Views: 2417

Re: HOA & renting rules

BFGal Our subdivision HOA CCRs strictly forbid the short-term rental of any portion of your home. The home can be leased for a minimum of six months provided the HOA is advised and a copy of the lease is provided to the HOA Board and property manager. City regulations allow short-term rentals but HO...
by tomd37
Sat May 06, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Need help with tree
Replies: 20
Views: 1035

Re: Need help with tree

Every one of the dozen or so oak trees pictured in my copy of "Hutchinson's Tree Book" show an oak tree growing from one main trunk. My suggestion would be similar to many of those already offered, that is replace the tree. It looks as if removing it with its root ball might not be a probl...
by tomd37
Thu May 04, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Consumer Reports
Replies: 41
Views: 3042

Re: Consumer Reports

I have subscribed to the printed version of Consumer Reports since January 1965. Like some older folks, I prefer not to read detailed things online. I always subscribe at the five-year rate which is now $99.
by tomd37
Wed May 03, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Federal Allowances and Nonrefundable credits
Replies: 5
Views: 455

Re: Federal Allowances and Nonrefundable credits

Referring to the tax credits portion of your inquiry, it is my understanding there are two types to federal tax credits; a non-refundable tax credit and a refundable tax credit. Assuming you have a total tax liability of $800 before applying any tax credit for which you might be eligible. If you are...
by tomd37
Mon Apr 17, 2017 8:57 pm
Forum: Personal Consumer Issues
Topic: Anyone have sod installed?
Replies: 16
Views: 1863

Re: Anyone have sod installed?

Some good comments thus far. Check with your State or County Agricultural Agent for guidance and suggestions. IMO proper soil preparation and installation of the sod is critical as is the ability to provide adequate and constant watering over a long period of time. I suspect if you are going to use ...
by tomd37
Sat Apr 15, 2017 9:18 pm
Forum: Personal Consumer Issues
Topic: Hearing aids: has anyone used a CROS hearing aid?
Replies: 18
Views: 1759

Re: Hearing aids: has anyone used a CROS hearing aid?

And as we approach the last three days for filing an on-time federal tax return, don't forget that hearing aids and their batteries are a valid qualified medical expense on the federal tax return if you are itemizing deductions and meet the percentage of AGI requirement. Speaking of meeting the perc...
by tomd37
Sat Apr 15, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Grass is always greener!
Replies: 16
Views: 2876

Re: Grass is always greener!

Op - Where do you live in TN? I'm in middle TN and a cool season fescue seed is best in this area with only a fall planting time. :beer
by tomd37
Fri Apr 14, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Washer/dryer suggestions?
Replies: 31
Views: 2143

Re: Washer/dryer suggestions?

I have heard, and have no way of confirming, that Consumer Reports does not evaluate Speed Queen washers and dryers because they consider them commercial grade products. Can anyone confirm my understanding? I believe they have evaluated their repair records though.
by tomd37
Fri Apr 14, 2017 2:29 pm
Forum: Personal Consumer Issues
Topic: Washer/dryer suggestions?
Replies: 31
Views: 2143

Re: Washer/dryer suggestions?

Leaving the door open might help, but it is not going to cure the problem which is excessive moisture in the door seal. It was a problem when front loaders recently became popular (although I remember Bendix front loaders back in the 1940's) and will always continue to be a problem. :annoyed We have...
by tomd37
Fri Mar 31, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Caluclating Fed taxes after age 70
Replies: 9
Views: 1364

Re: Caluclating Fed taxes after age 70

As ubermax stated, you just need to get the 2016 Social Security Benefits Worksheet. I just googled that item and a PDF came right up and I printed it. Just follow the directions for each line carefully and you will get the correct answer as to what percentage (up to 85%) of your SS benefits are tax...
by tomd37
Tue Mar 28, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Send check for quickly amended return?
Replies: 18
Views: 916

Re: Send check for quickly amended return?

Once again I will say let the IRS process the original return that was mailed by your parents, see how they handle it and what action the IRS takes on it. You have plenty of time to handle the unreported RRB 1099-R. Don't make a mountain out of a mole hill! I've been doing my own tax returns for ove...
by tomd37
Mon Mar 27, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Send check for quickly amended return?
Replies: 18
Views: 916

Re: Send check for quickly amended return?

It does not mean any penalty and very doubtful any interest unless you are talking thousands of dollars.
by tomd37
Mon Mar 27, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Send check for quickly amended return?
Replies: 18
Views: 916

Re: Send check for quickly amended return?

Michael - It is not uncommon for me to do amended returns as a volunteer in the free AARP Foundation Tax-Aide program. My recommendation would be for you to wait to file a 1040X until the refund has been received. You may even hear from the IRS that some income was not accounted for. Then prepare th...
by tomd37
Sat Mar 25, 2017 5:08 pm
Forum: Personal Consumer Issues
Topic: The Sweet Spot for Yearly Car Costs
Replies: 54
Views: 4174

Re: The Sweet Spot for Yearly Car Costs

We just traded our 2001 Lexus ES300 with 75,000 miles for a new ES350. I had all the service records and gasoline and insurance costs for the entire period (anal I know) and the total cost per mile turned out to be $0.3355. From what I understand that is about average cost per mile. At average age o...
by tomd37
Thu Mar 23, 2017 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 96
Views: 4917

Re: How did you do your income taxes?

I personally use the software programs utilized by the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) free volunteer income tax preparation services where I have been volunteering for the past fourteen years. I also have access to the Turbo Tax program and understand...
by tomd37
Thu Mar 16, 2017 10:29 pm
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 10338

Re: Anyone else taking less risk

For the fifteen year period prior to retirement in 2002 I had a 60/40 stock/bond ratio, then I dropped it to 50/50, and now just two years ago I dropped it to (and will most likely stay there) a 40/60 ratio. Main reason for the last move; I have what I feel I need for another fifteen to twenty years...
by tomd37
Fri Mar 03, 2017 10:55 pm
Forum: Personal Consumer Issues
Topic: Giving my lawn the TLC it needs
Replies: 69
Views: 4081

Re: Giving my lawn the TLC it needs

Golfer - If you are going to use Scotts products, just as a check on your plan for the products you mention, I would recommend you call the Scott's customer service hot line and specifically discuss the products and the sequence you intend to use them in. Some of they products MAY contain material t...
by tomd37
Fri Mar 03, 2017 10:03 pm
Forum: Personal Consumer Issues
Topic: Giving my lawn the TLC it needs
Replies: 69
Views: 4081

Re: Giving my lawn the TLC it needs

Finally the last post mentioned an essential ingredient to the whole process - - - - irrigation. Soil testing, proper preparation of the area including aeration, a quality seed type for your area (a cool season seed in your case) are all needed. But if you cannot provide a minimum of one inch of wat...
by tomd37
Mon Feb 27, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Assisting Parent with Dementia
Replies: 14
Views: 1393

Re: Assisting Parent with Dementia

Sounds like a situation for the establishment of a durable power of attorney as soon as possible just as a starting point.
by tomd37
Sun Feb 26, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Trip to Savannah GA
Replies: 33
Views: 2467

Re: Trip to Savannah GA

About a year and a half ago Leopold's Ice Cream started an overnight and two-day delivery program for their ice cream products. As great as the ice cream is, I cannot give them an arm and a leg! :(
by tomd37
Thu Feb 23, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: IRS share federal tax information with states?
Replies: 7
Views: 931

Re: IRS share federal tax information with states?

In my state I am aware of the fact that for the past three or four years the state has been playing catch-up on the comparison of federal tax returns to state tax returns at the rate of two or three years at a time. I bet there are quite a few surprised state residents out there by now! :x
by tomd37
Mon Feb 06, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Magazine or Online
Replies: 15
Views: 1624

Re: Consumer Reports Magazine or Online

Confirming what RudyS said. I called CR this morning and an online subscription without paper subscription is $35 for a single year. With a paper subscription it is $20 for a single year. Was not thinking fast enough and did not inquire about multi-year online subscription prices. I have had a conti...
by tomd37
Sun Feb 05, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule C Question
Replies: 8
Views: 802

Re: Schedule C Question

I don't understand why you would continue to file Schedules C and SE each if your actual net earnings are not $400 or more annually. If net earnings do not meet that threshold then I see no need to report under Schedule C and SE. Why pay self-employment tax when not required? I think any such net in...
by tomd37
Sun Jan 29, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents on tax return
Replies: 54
Views: 3230

Re: Parents as dependents on tax return

This year, as dependents on your return, you must include their income when calculating your modified adjusted gross income (MAGI). Also as dependents on your return you are responsible for their MEC and have to acknowledge as to whether or not they are covered by some type of insurance. The MEC ins...
by tomd37
Sun Jan 29, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents on tax return
Replies: 54
Views: 3230

Re: Parents as dependents on tax return

Another subject and question, as mentioned earlier by a poster. Do they have healthcare minimum essential coverage (MEC) and what is its source? If listed as dependents on your return that subject will arise and you may or may not have a penalty for not having MEC depending on your individual circum...
by tomd37
Sun Jan 29, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents on tax return
Replies: 54
Views: 3230

Re: Parents as dependents on tax return

Never mentioned filing status of MFS. From the details you provided you appear to be entitled to claim a dependency exemption for each your parents as your qualifying relative dependent. If they happen to file a return to get the $10 back just make sure they don't claim a personal exemption for eith...
by tomd37
Sun Jan 29, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents on tax return
Replies: 54
Views: 3230

Re: Parents as dependents on tax return

Yurusa, More info might be helpful. How old are your parents, do you even need them as dependent exemptions on your tax return, that is what is your taxable income with and without them as dependents after your own deductions and family exemptions? It is age dependent, but he might be eligible for E...
by tomd37
Sun Jan 29, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Income tax deductible - Part B & D Medicare Premiums?
Replies: 8
Views: 774

Re: Income tax deductible - Part B & D Medicare Premiums?

The cost of parts B & D may be conidered as itemized medical deductions on your 2016 Schedule A to the extent they and other qualified medical expenses exceed either 10% of AGI for those under age 65 or 7.5% for those 65 or older. If one person of a couple using filing status MFJ is 65 or older ...

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