Search found 2509 matches

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: 754

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: 754

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: 5
Views: 412

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: 1940

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: 2251

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: 946

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: 2815

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: 433

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: 1805

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: 1687

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: 2842

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: 2068

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: 2068

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: 8
Views: 976

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: 860

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: 860

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: 860

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: 4000

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: 4553

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: 10071

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: 3825

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: 3825

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: 1357

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: 2339

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: 886

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: 1555

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: 763

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: 3163

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: 3163

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: 3163

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: 3163

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: 746

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 ...
by tomd37
Fri Jan 27, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: QCD and H&R Block tax Software
Replies: 8
Views: 527

Re: QCD and H&R Block tax Software

Glad you got it straightened out Don. I've been doing volunteer tax preparation services for fourteen years in the AARP Foundation Tax Counseling for the Elderly (TCE) and the IRS Volunteer Income Tax Assistance (VITA) programs and it bugs the heck out of me when something does not come out the way ...
by tomd37
Fri Jan 27, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: QCD and H&R Block tax Software
Replies: 8
Views: 527

Re: QCD and H&R Block tax Software

Don - Never used HRB software but suspect there is probably some way to enter the taxable portion of the total distribution and some block to check indicating that the difference between the two amounts represents the QCD amount. I would go back over that particular entry from start to finish lookin...
by tomd37
Fri Jan 27, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: Speed Queen
Replies: 10
Views: 1544

Re: Speed Queen

:thumbsup therub
by tomd37
Fri Jan 27, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: MFJ vs. MFS
Replies: 5
Views: 804

Re: MFJ vs. MFS

My experience in doing volunteer tax preparation services for Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) programs for fourteen years is that in 98% of the cases taxpayers will pay more taxes filing separately than filing jointly. I suggest you go to http://www.ir...
by tomd37
Fri Jan 27, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: Speed Queen
Replies: 10
Views: 1544

Re: Speed Queen

Goodman60 Have had a washing machine in our home since we married 50 years ago. Have had personal experiences with the old Bendix tumbling drum washers starting back in mid 1940s, top-load with agitator, front-load high efficiency, top-load high efficiency, and now back to Speed Queen top-load with ...
by tomd37
Fri Jan 27, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Speed Queen
Replies: 10
Views: 1544

Re: Speed Queen

I just called their customer service number 800-552-5475 and they do not manufacture a top-loading machine without an agitator. As a side note, we recently replaced our six year old Whirlpool Cabrio HE (no agitator) top-loading washing machine with a Speed Queen top-loading machine with electronic c...
by tomd37
Thu Jan 26, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: are 1099's due to be filed 1/31/17 for 2016?
Replies: 8
Views: 557

Re: are 1099's due to be filed 1/31/17 for 2016?

Refunds will be held up if taxpayer is claiming the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). The Child Tax Credit (CTC) does not apply to the delay in sending refunds.
by tomd37
Sun Jan 22, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have to file 8606 for indirect rollover
Replies: 9
Views: 505

Re: Do I have to file 8606 for indirect rollover

Assuming it is distribution code G (rollover) it is non-taxable. On electronic filing it will show non-taxable automatically with rollover noted. On a paper filing you will have to annotate the 1040 line 15 properly as non-taxable as mentioned by sport and jebmke.
by tomd37
Sun Jan 22, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have to file 8606 for indirect rollover
Replies: 9
Views: 505

Re: Do I have to file 8606 for indirect rollover

What distribution code was shown in box 7 of the 1099-R and are you using a paper or electronically filed return?
by tomd37
Thu Jan 19, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Final Income Tax Return
Replies: 5
Views: 1020

Re: Final Income Tax Return

IRS Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer, is a one-page simple form that should be attached to the final federal tax return. In doing tax returns for the AARP Foundation Tax Counseling for the Elderly (TCE) I occasionally use this form. And yes, I agree it is best t...
by tomd37
Sun Jan 15, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 27
Views: 2169

Re: Help with taxes

And I have one or two new clients a year wanting to file MFS and when they tell me some specifics they usually come out better financially by filing MFJ and utilizing the 8379 Injured Spouse form. PS: Certified again yesterday using the L&L system. First time for that, but they finally convinced...
by tomd37
Sun Jan 15, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 27
Views: 2169

Re: Help with taxes

Drmoneytails Give very careful consideration to using a filing status of MFS. There are a number of special rules that apply when using that filing status, some of which may apply to you. The rules can be found of pages 21-22 of IRS Publication 17 which is available online at http://www.irs.gov. I r...
by tomd37
Thu Jan 12, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 10544

Re: How much do you typically spend in a restaurant?

Older couple in early 80's. Just went out last night to local good quality restaurant, but not upscale. Each had a glass of wine @ $9, shared one $8 appetizer, each had entrée for about $26. Total bill including 9.25% state and local sales tax and 20% tip was $100. Thinking back the last year we can...
by tomd37
Sat Jan 07, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Amex blue cash - when does the $6500 threshold "restart"?
Replies: 16
Views: 1486

Re: Amex blue cash - when does the $6500 threshold "restart"?

Blevine - Any indication from AMEX that your account number will remain the same with the new card? At 80 my memory is not as good as it used to be and hopefully I will not need to learn a new number. :wink: Just looked online at my 2016 year-to-date report to see specifically what I spend on grocer...
by tomd37
Sat Jan 07, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Amex blue cash - when does the $6500 threshold "restart"?
Replies: 16
Views: 1486

Re: Amex blue cash - when does the $6500 threshold "restart"?

Blevine, Was this a separate letter from AMEX or part of your monthly billing? Am trying to determine if the timing is related in any way to my anniversary date or if they have just selected one date to make the change effective. I have had this card for 16 years now and would consider changing over...
by tomd37
Sat Jan 07, 2017 8:36 am
Forum: Investing - Theory, News & General
Topic: How do I go about this? (selling VG fund and wanting to purchase shares of one VG fund I own and another is non VG fund)
Replies: 1
Views: 211

Re: How do I go about this? (selling VG fund and wanting to purchase shares of one VG fund I own and another is non VG f

Why not call your VG brokerage representative and get the answer directly from them. Maybe they will even do the total transaction for you while on the call. If they cannot do it for you in total they might be able to do part and then tell you how and when to accomplish the remainder.
by tomd37
Mon Jan 02, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal CU New Certificate Offering
Replies: 7
Views: 2062

Re: Navy Federal CU New Certificate Offering

I saw that 5 and 7 year offering from Pen Fed, but do not want to ties up funds for that length of time with those early withdrawal penalties. :thumbsdown

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