Search found 2562 matches

by tomd37
Fri Aug 18, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: RMD taxation taken in December
Replies: 8
Views: 455

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: 1360

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: 1360

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: 1360

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: 2928

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: 1438

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: 992

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: 604

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: 2119

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: 726

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: 2119

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: 4293

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: 2119

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 s...
by tomd37
Thu Jul 27, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard QCD Process
Replies: 6
Views: 467

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: 467

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: 1569

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: 4376

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...
by tomd37
Fri Jul 21, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: AnnualCreditReport Equifax
Replies: 31
Views: 1857

Re: AnnualCreditReport Equifax

I am pretty "religious" about seeking an annual credit report from all three agencies. I try to remember to ask for one every two months, rotating between me and my wife and between agencies. I always call the 1-877-322-8228 and it takes me five minutes to complete the request and within t...
by tomd37
Tue Jul 18, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Good Service for Flagship Investors
Replies: 35
Views: 4293

Re: Good Service for Flagship Investors

1210, I do about 8 QCDs each year. My flagship rep has been very helpful in completing these. I make an online appointment for him to call me. A couple of days ahead of the call I send him an email with a list with the name of the charitable organizations and their QCD amount and the name and fund n...
by tomd37
Sun Jul 16, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2514

Re: 2017 RMD Timing

OP here - We are getting some informative and thoughtful responses to the original post and I'm glad I at least brought up the subject. :idea:
by tomd37
Sat Jul 15, 2017 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2514

Re: 2017 RMD Timing

My income is quite predictable and therefore I use the RMD to withhold the remaining amount of federal tax that will be needed to bring my balance due to as near zero as possible. I have not touched my federal withholding amounts on my pension and social security since RMDs started. Have come as clo...
by tomd37
Sat Jul 15, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2514

2017 RMD Timing

For the past ten years I have taken our RMDs later in the year around October or November after having taken my QCDs, when available, and have never given the RMD timing too much thought. As we continue through this extended bull market I am thinking about and questioning the timing of the RMDs this...
by tomd37
Sat Jul 15, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 95
Views: 8837

Re: Personal Finance Milestone: 20 Times Annual Expense

Congratulations on your success! Was the telecom bust you refer to Nortel? :annoyed
by tomd37
Wed Jul 12, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 13600

Re: Costco with a "gentle" bump for membership

Bottlecap - Not a full moon, but maybe because we are coming close to the full eclipse of the sun in August here in middle TN! :wink:
by tomd37
Tue Jul 11, 2017 10:04 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 13600

Re: Costco with a "gentle" bump for memebership

Our local Costco is offering regular grade gasoline for $1.92 per gallon this week while the local chain gas stations are offering it for $2.36. The Tennessee state tax on gasoline increased $0.04 per gallon effective July 1st with an additional increase of $0.01 per gallon due on July 1st of the ne...
by tomd37
Tue Jul 11, 2017 9:54 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 13600

Re: Costco with a "gentle" bump for memebership

S&L1940 - I'd be willing to bet that if you had just one prescription for new eyeglass or contact lenses filled at Costco you would save the total cost of one year's membership. And if you purchased eyeglass frames you would probably save a couple of years membership costs. :moneybag
by tomd37
Tue Jul 11, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: Donation to Church for wedding?
Replies: 28
Views: 2027

Re: Donation to Church for wedding?

It's been so long :wink: (51 years) since we were married in the church I cannot remember how much we gave the church and priest. Must have been okay since the marriage lasted this long! :happy
by tomd37
Sun Jul 09, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's Update on Guru's Predictions
Replies: 21
Views: 2539

Re: Larry Swedroe's Update on Guru's Predictions

Nedsaid & Top99%,
Yep! Nortel $88.00+ >>>>>> $0.43 in not too long a time. Knew some co-workers who had everything invested in Nortel. :(
by tomd37
Sun Jul 02, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: LED Flood Light Question (CREE/FEIT/Etc)
Replies: 39
Views: 8318

Re: LED Flood Light Question (CREE/FEIT/Etc)

While we are on the topic of LEDs, is anyone having any issues with LEDs flickering very slightly? I started replacing older Cree LEDs in my master bath and noticed the newer bulbs from Costco started flickering very slightly (barely noticeable but there) if the dimmer switch was anywhere other than...
by tomd37
Fri Jun 30, 2017 8:41 pm
Forum: Investing - Theory, News & General
Topic: "Filling Your 401k with Company Stock"
Replies: 41
Views: 4305

Re: "Filling Your 401k with Company Stock"

How well I remember Northern Telecom Inc. (aka Nortel Networks) in just a few years going from $88.00+ to $0.43 per share before declaring bankruptcy. I knew a couple of co-workers who were totally invested in Nortel and went broke. :(
by tomd37
Thu Jun 29, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard and other "portfolio tester" tools for asset allocation
Replies: 14
Views: 1475

Re: Vanguard and other "portfolio tester" tools for asset allocation

Like Friar1610 above, I used it extensively over the last 14 years or so since retiring as I adjusted my basic portfolio asset allocation from four to two funds and wanted to see the impact. Also use it each year when making my RMDs and rebalancing.
by tomd37
Tue Jun 27, 2017 10:45 pm
Forum: Personal Consumer Issues
Topic: Cat teeth cleaning costs
Replies: 36
Views: 2962

Re: Cat teeth cleaning costs

Two weeks ago today paid a total of $175 for teeth cleaning for our four year-old cat. That included antibiotic injection, Dexdomitor sedation, Butorphanol injection, Telazol anesthesia (small), and ultrasonic cleaning and polishing.
by tomd37
Mon Jun 26, 2017 8:20 pm
Forum: Personal Consumer Issues
Topic: NC Resident buying Truck in VA
Replies: 1
Views: 197

Re: NC Resident buying Truck in VA

I recommend you check with the NC Dept of Motor Vehicles and any other NC agency that might be involved in titling or licensing of the vehicle in NC. It has been some time (7 years now) since I sold my vehicle to my daughter living in NC. I live in TN. There are several forms that are required and y...
by tomd37
Mon Jun 26, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Anyone else getting priced out of Volvo market?
Replies: 19
Views: 1863

Re: Anyone else getting priced out of Volvo market?

I agree with FriarJ. Volvo is pricing themselves out of the market for many of us when it comes to pure station wagons. I previously owned a 2001 VW Passat wagon and a 2008 Passat wagon. Offered to give up the 2008 to my daughter in 2010 when someone ran a red light and totaled the 2001 she got from...
by tomd37
Mon Jun 26, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Won an ATV in a raffle...now what?
Replies: 39
Views: 3375

Re: Won an ATV in a raffle...now what?

Yes, the value of the prize is to be entered on line 21 of Form 1040 with a notation of "prizes". You might possibly receive a Form 1099-MISC with an amount in box 3. Hopefully the issuer will not indicate the prize amount in box 7, but the prize amount should still be reflected on line 21...
by tomd37
Mon Jun 26, 2017 7:55 am
Forum: Personal Consumer Issues
Topic: Slide rule anyone?
Replies: 88
Views: 7835

Re: Slide rule anyone?

I still have my father's K&E ivory slide rule that he (a 1920 chemical engineering graduate) and my brother (a 1952 industrial engineering graduate) used at Lehigh University.
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: 39
Views: 4060

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: 39
Views: 4060

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: 85
Views: 6346

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: 85
Views: 6346

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: 85
Views: 6346

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: 2089

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: 2799

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: 2377

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: 230

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: 2510

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: 530

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: 530

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: 83
Views: 9235

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: 7263

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...