Search found 437 matches

by verbose
Thu Jan 19, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Never had a credit card, should I get one?
Replies: 71
Views: 2380

Re: Never had a credit card, should I get one?

I've been reading this thread with interest. I just thought I'd add my two cents about living without credit cards. We also found Dave Ramsey and have no credit cards. At that time, we had revolving credit card debt paid off every month. We had so little cash in the checking account that we relied o...
by verbose
Tue Jan 17, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect address on 1098 Mortgage Interest Statement
Replies: 3
Views: 435

Incorrect address on 1098 Mortgage Interest Statement

I just received my 2016 1098 from Chase (became available online yesterday). The mortgage is secured by our primary (only) residence. The 1098 for 2016 has more information on it than in previous years. https://www.eidebailly.com/industries/financial-institutions/form-1098-mortgage-interest-statemen...
by verbose
Tue Jan 10, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Time to break the analysis paralysis
Replies: 12
Views: 1536

Re: Time to break the analysis paralysis

Thanks so much to all the posters, especially Duckie. I have completely implemented the new allocation using Duckie's recommendations. (I just wanted to let you know that I actually made changes instead of just thinking about them.) I had to use Investor (not Admiral) shares in the Roth IRAs, but th...
by verbose
Tue Jan 10, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes with $0 income with a dependent?
Replies: 29
Views: 1981

Re: File taxes with $0 income with a dependent?

Your friend may be eligible for the additional child tax credit and receive a "refund" even though she paid no taxes. She should definitely file if this is the case.
by verbose
Mon Jan 09, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: kiddie tax
Replies: 15
Views: 1329

Re: kiddie tax

http://www.forbes.com/sites/troyonink/2015/11/30/2016-kiddie-tax-rates-rules-and-ways-around-it/#4c0d52423c31 This article from Forbes provides a bit of a summary. Key points: In 2016, the only way that college students under age 24 will be able to avoid the kiddie tax is if they provide over half ...
by verbose
Mon Jan 09, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA income questions
Replies: 4
Views: 478

Re: Roth IRA income questions

See IRS publication 590-A. You have to compute your modified AGI, which includes some foreign earned income.

https://www.irs.gov/pub/irs-pdf/p590a.pdf

Complete Worksheet 2-1 on page 42 of the above publication.
by verbose
Thu Jan 05, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime shipping to post office for pickup?
Replies: 18
Views: 1183

Re: Amazon Prime shipping to post office for pickup?

This is typical USPS behavior and you should complain to USPS for not leaving you a pick-up card, though I doubt it will do much good. Most of our packages are actually delivered, but we had one held at the post office recently. We didn't know it was there and didn't receive a card, but when we went...
by verbose
Sun Jan 01, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Time to break the analysis paralysis
Replies: 12
Views: 1536

Re: Time to break the analysis paralysis

ruralavalon wrote:Are either or both of you eligible for a significant pension?


No, we expect no pensions at all. Thank you for your detailed post. I now feel more confident about contributing to the pre-tax 401k.
by verbose
Sun Jan 01, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Time to break the analysis paralysis
Replies: 12
Views: 1536

Re: Time to break the analysis paralysis

Thanks for the replies. I will be reviewing the replies next to my portfolio and post an update of how I am going to implement this. Yes, I should move back to 70/30. Thanks for reminding me how aggressive 80/20 is. Year-end bonuses just showed up and that doubled the E-fund, but it still needs some...
by verbose
Thu Dec 29, 2016 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Time to break the analysis paralysis
Replies: 12
Views: 1536

Time to break the analysis paralysis

This has been on auto-pilot (or analysis paralysis, however you look at it) for years now. I want to simplify the portfolio and make sure that everything I'm doing is being done for a reason that I understand, rather than a half-baked idea I had several years ago. Emergency funds: $5k (about one mon...
by verbose
Wed Dec 28, 2016 11:48 am
Forum: Investing - Theory, News & General
Topic: Remember what it was like before the recession?
Replies: 81
Views: 8116

Re: Remember what it was like before the recession?

I remember re-financing my mortgage twice in one year. I don't even remember if there was an in-person closing on the second refi, it might have been all by mail? We had a home equity line of credit on a house bought with a 5% down payment in 1998 in an LCOL area. That's some crazy appreciation. Als...
by verbose
Wed Dec 21, 2016 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA: payment date or date of service?
Replies: 3
Views: 253

Re: Dependent Care FSA: payment date or date of service?

Prepaid expenses are treated as having been paid in the year the care is provided. So the 2016 payment would be included on Form 2441 for tax year 2017, when it's treated as it if were paid in 2017. I believe this applies to FSA's as well. The dependent care FSA has to be reported on Form 2441, wher...
by verbose
Tue Dec 13, 2016 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gain Harvest and Cost Basis Method
Replies: 0
Views: 240

Capital Gain Harvest and Cost Basis Method

I am going to capital-gain-harvest in my minor child's UTMA before the end of this year. Withdrawals for the minor will not be started for about three years, and the minor is six years from having access to the funds. The UTMA is entirely invested in Vanguard LifeStrategy Moderate Growth (VSMGX) and...
by verbose
Thu Dec 08, 2016 8:48 am
Forum: Personal Consumer Issues
Topic: Products to cope with other drivers' LED headlight
Replies: 50
Views: 5239

Re: Products to cope with other drivers' LED headlight

OP here, I had a new eye exam. I have the very beginnings of cataracts, but the optometrist said they shouldn't be affecting my vision yet. She felt the history of migraines was more relevant. But I did get new glasses, same prescription, with "blue-blocking" lenses. These are different fr...
by verbose
Wed Dec 07, 2016 2:08 pm
Forum: Personal Consumer Issues
Topic: Flying Across Atlantic with 98th Percentile 18-Month Child
Replies: 114
Views: 6673

Re: Flying Across Atlantic with 98th Percentile 18-Month Child

Child #2 was an airplane nightmare. We adopted him internationally, so his first flight was flying home . I don't know how the few weeks of "parenting" we had given him was supposed to work at controlling his behavior (it didn't). And we certainly couldn't "leave him at home ." ...
by verbose
Wed Dec 07, 2016 1:06 pm
Forum: Personal Consumer Issues
Topic: Flying Across Atlantic with 98th Percentile 18-Month Child
Replies: 114
Views: 6673

Re: Flying Across Atlantic with 98th Percentile 18-Month Child

Temperament is everything with flying toddlers. While parenting is important, I don't believe that the results of parenting are apparent during early toddlerhood. It's still "baking." My first child was a dream flyer. I don't remember a single incident of crying or seat-kicking. She starte...
by verbose
Mon Nov 14, 2016 9:19 pm
Forum: Personal Consumer Issues
Topic: Products to cope with other drivers' LED headlight
Replies: 50
Views: 5239

Re: Products to cope with other drivers' LED headlight

I will look into auto-dimming mirrors. My husband's car has those, I can drive it a bit to test it out, as long as I don't ruin the clutch. I am in my mid-40's and have a long history of light sensitivity and migraines. It's unlikely to be cataracts. My vision hasn't changed--headlights changed. Sev...
by verbose
Mon Nov 14, 2016 7:31 pm
Forum: Personal Consumer Issues
Topic: Products to cope with other drivers' LED headlight
Replies: 50
Views: 5239

Products to cope with other drivers' LED headlight

I'm having severe difficulty coping with LED headlights. The end of daylight saving time has made it clear how many more cars have LED lights than last winter. I am considering giving up night driving, except that I literally cannot do so. I have no alternative. There is no way that I am a safe driv...
by verbose
Tue Aug 30, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Bank is behind online, new bank?
Replies: 15
Views: 1203

Re: Bank is behind online, new bank?

One prior online-only bank's refusal to provide basic bank services delayed a mortgage refinance by two months and almost forced us to start over. The bank was asked for a "mid-month" statement to verify that money I had transferred in there was really there. They said "we don't do th...
by verbose
Tue Aug 30, 2016 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Bank is behind online, new bank?
Replies: 15
Views: 1203

Bank is behind online, new bank?

My checking and savings account are with a regional bank. We've been very happy with the bank locations, ATMs, branch services, and account features. The interest rate is peanuts, but that's typical today. I think I might make more money finding change on the ground than I do in interest these past ...
by verbose
Sun Aug 21, 2016 8:34 am
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 175
Views: 12885

Re: The True Cost of Owning a Dog

But I was tracking dog and cat expenses separately. Simply feeding our healthy Labrador retriever blew past the cat's medical expenses, not to mention the dog's preventive vet bills, boarding costs and grooming (about $40/month for the dog), training, and a succession of leash-like devices designed...
by verbose
Thu Aug 18, 2016 8:53 am
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 175
Views: 12885

Re: The True Cost of Owning a Dog

My husband complained once about how expensive our diabetic cat was. The cat required us to have a supply of insulin ($30/yr), syringes ($10/yr), and quarterly vet visits for blood sugar testing ($160/yr, just for blood sugar tests). Other than that, all we needed for the cat was dry cat food and an...
by verbose
Fri Jul 29, 2016 5:03 pm
Forum: Investing - Theory, News & General
Topic: Covered call scam
Replies: 10
Views: 1822

Re: Covered call scam

I don't see any scam here, except that your FA has you in investment options that you don't understand. You haven't disclosed commissions and fees, so we don't know if those are out of line either. The OCC (Options Clearing Commission) handles assigning exercised shares for the entire options market...
by verbose
Wed Jul 06, 2016 7:12 am
Forum: Personal Consumer Issues
Topic: When to proactively replace water heater
Replies: 39
Views: 2971

Re: When to proactively replace water heater

Thanks for the replies. Based on the advice above, I believe I should try to drain it first. It's in an unfinished part of the basement about one foot away from a floor drain. I'll need to buy a very short hose to drain it--all of mine are 50 foot garden hoses. There's a small chance it could damage...
by verbose
Tue Jul 05, 2016 6:40 pm
Forum: Personal Consumer Issues
Topic: When to proactively replace water heater
Replies: 39
Views: 2971

When to proactively replace water heater

I have a 2007 gas-powered tank-type water heater that was installed in a new-construction house. Since it was new construction, we became used to not doing any repairs because it was all new! Suddenly nine years have passed. (This must be part of "getting older"--not knowing where the time...
by verbose
Sat Jul 02, 2016 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage msg "insufficient balances or short positions that cannot be maintained" (Covered Call Assigned)
Replies: 5
Views: 610

Re: Brokerage msg "insufficient balances or short positions that cannot be maintained" (Covered Call Assigned)

This looks like a standard message that is not specific to covered calls. A covered call being assigned cannot result in a short position. That's pretty much the meaning of it being "covered." Other option scenarios can do that, however. As for the option buying power, options generally ca...
by verbose
Fri May 27, 2016 2:28 pm
Forum: Personal Consumer Issues
Topic: Experience with Honda airbag recall?
Replies: 152
Views: 31461

Re: Experience with Honda airbag recall?

Until recently, I thought my cars were unaffected by this recall. But Honda recently added more model years to its recall. VIN search is not yet available for my 2008 Civic, but 2008-2011 Civic were added. Since it's a 2008 model in "area B" the recall (if not the fix) must be done this ye...
by verbose
Thu May 26, 2016 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Forced use of automatic ACH withdrawals?
Replies: 18
Views: 1893

Re: Forced use of automatic ACH withdrawals?

This is not unusual for day care and private schooling, however, it takes control away from you. Some schools allow checks for longer payment-in-advance intervals (quarterly or longer) while requiring ACH for shorter periods. If there are any "mistakes" in the ACH, treat it as fraud if the...
by verbose
Thu May 05, 2016 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Gift stock to charity. No cost base data.
Replies: 10
Views: 698

Re: Gift stock to charity. No cost base data.

From the instructions for 8283 (column g is labeled "Donor's cost or adjusted basis") Column (g). Do not complete this column for property held at least 12 months or publicly traded securities. Keep records on cost or other basis. You don't need to report the cost basis to the IRS for dona...
by verbose
Wed Apr 06, 2016 9:01 am
Forum: Personal Consumer Issues
Topic: Anything to look for when buying a fridge?
Replies: 38
Views: 3540

Re: Anything to look for when buying a fridge?

I'm adding to this thread instead of starting a new one. We have a 2007 Maytag French-door that is failing to cool intermittently. An independent technician whose expertise we trust has diagnosed it as a failure in the "sealed system." The cost to repair is at least $900, but he didn't giv...
by verbose
Thu Mar 17, 2016 2:11 pm
Forum: Personal Consumer Issues
Topic: Tub Cleaning Issue - Soap Scum
Replies: 23
Views: 3296

Re: Tub Cleaning Issue - Soap Scum

Is this tub porcelain-coated cast iron, fiberglass or another material? That's very important. Some of the suggested cleaning methods, including Comet, can damage certain finishes. If you fill the tub with water, the Comet on the bottom will rinse out easily. Therefore what's in the bottom is not Co...
by verbose
Mon Mar 07, 2016 9:10 pm
Forum: Personal Consumer Issues
Topic: Honda Care Extended Warranty experience?
Replies: 26
Views: 5145

Re: Honda Care Extended Warranty experience?

Honda also does a good job of retroactively covering "stuff that shouldn't break." My 2008 Civic with 100k miles has had exactly two problems (so far) that were not expected maintenance, accident damage or damage caused by incompetent mechanics. First, the sun visor split. Honda covered it...
by verbose
Mon Feb 29, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: 501c3 letter- need to obtain one on behalf of an organization.
Replies: 23
Views: 1247

Re: 501c3 letter- need to obtain one on behalf of an organization.

Let's just say that when I agreed to accept this board position last summer, there were certain representations made to me regarding what my duties would be, what the time commitment would be, what other people would be doing, and the general state of the paperwork organization. When I actually got...
by verbose
Mon Feb 29, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: 501c3 letter- need to obtain one on behalf of an organization.
Replies: 23
Views: 1247

Re: 501c3 letter- need to obtain one on behalf of an organization.

Since you can't even find the 501c3 letter, I assume no one has been filing the 990-N e-postcard annually? For most non-profits (I think churches are exempted), the IRS will revoke the organization's non-profit recognition. This doesn't mean your organization is a for-profit, but it does mean you ne...
by verbose
Fri Sep 11, 2015 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Car Insurance Claim : do I take it?
Replies: 24
Views: 2164

Re: Car Insurance Claim : do I take it?

Many people assume that collision covers damage you cause to your car by your own fault. That's not entirely true. Collision covers property damage that is anyone's fault. I discovered that the hard way when my van was damaged by a school bus and the bus company stonewalled my attempts to claim. My ...
by verbose
Wed Sep 09, 2015 6:51 pm
Forum: Personal Consumer Issues
Topic: Renter Security Deposit - Damage Cost Documentation
Replies: 22
Views: 1744

Re: Renter Security Deposit - Damage Cost Documentation

Our glass shower door broke like this. The door slid off its track while I was in the shower. I couldn't get either door to move so I could get out of the shower. In retrospect, panic wasn't warranted, but I did panic a little bit. I tried to force the door open and it shattered completely. Shower d...
by verbose
Wed Sep 09, 2015 6:37 pm
Forum: Personal Consumer Issues
Topic: How much is reasonable to pay for medical tests
Replies: 30
Views: 2416

How much is reasonable to pay for medical tests

Since medical questions are prohibited, I will not describe the actual condition or recommended tests. My concern is primarily financial. I've been having a condition for about a decade and after courses of various medications with various degrees of success, my primary care physician apparently was...
by verbose
Wed Sep 09, 2015 6:14 pm
Forum: Personal Consumer Issues
Topic: Replacing tires. Should I also replace Tire Pressure Sensors? (2008 model year Honda)
Replies: 25
Views: 8586

Re: Replacing tires. Should I also replace Tire Pressure Sensors? (2008 model year Honda)

I don't buy it. I'm guessing the Costco tire salespeople have practiced this pitch in team meetings. You are a person who is so scrupulous about maintenance that you replace tires with sufficient tread due to age (which is not wrong, but it's different than the person who is there because she had a ...
by verbose
Wed Jul 29, 2015 8:38 am
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 8875

Re: wife got in wreck with Honda CRV - no collison coverage

Two people have described rear-ending other cars in unexpected scenarios (a yellow light and a roundabout). I wonder if stopping distance is the entire issue here. There's a cognitive delay involved in which the unexpected stoppage has to be brought to conscious attention. I call it "autopilot ...
by verbose
Thu Jul 23, 2015 7:54 am
Forum: Personal Consumer Issues
Topic: Problem w/ vehicle, dealership shrugs shoulders
Replies: 24
Views: 2746

Re: Problem w/ vehicle, dealership shrugs shoulders

I had a 2004 Ford Freestar minivan. The check engine light came on when I drove it over 65 mph for at least 15 minutes. However, there was no code registered. Apparently internal transmission issues can cause the light to come on without registering a code. If Ford hasn't changed this, then this cou...
by verbose
Wed Jul 15, 2015 7:02 am
Forum: Investing - Theory, News & General
Topic: What 2008/09 has done to me
Replies: 158
Views: 22265

Re: What 2008/09 has done to me

Every personal item I keep at work fits in one shopping bag and that shopping bag is also at work. No plants, no pictures, no books. If I have to walk out in a moment's notice, I won't have the indignity of packing up a cardboard box and staggering out the door loaded with my possessions. My employe...
by verbose
Tue Jul 07, 2015 8:59 am
Forum: Personal Finance (Not Investing)
Topic: If you wouldn't buy it, then you should sell it
Replies: 35
Views: 4577

Re: If you wouldn't buy it, then you should sell it

There's a place for this philosophy, but it's more emotional than financial. Some people end up surrounded by possessions that inspire negative emotions, especially regret. They are overwhelmed by the stuff they own, unable to store it, organize it, or even use it (that top that doesn't match anythi...
by verbose
Tue Jun 09, 2015 12:11 pm
Forum: Personal Consumer Issues
Topic: Car dealer wants me to compensate for underpayment
Replies: 182
Views: 16552

Re: Car dealer wants me to compensate for underpayment

This sounds familiar to me. I've only bought a brand-new car once, I and have a vague memory of the dealer calling me back asking for more money because they forgot some fee. I think I paid it because when it comes to car buying, I apparently have SUCKER written on my forehead in ink that only car s...
by verbose
Fri May 22, 2015 1:08 pm
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 79
Views: 17423

Re: Let's hear your Dave Ramsey success stories

Apparently, even people of above-average intelligence sometimes need to be told how to manage money. It's not so much that we haven't heard it, but that the message didn't sink in the first thousand times we heard it. In our society, temperance is not encouraged and has to be embraced and internaliz...
by verbose
Wed May 20, 2015 3:42 pm
Forum: Personal Consumer Issues
Topic: How should drivers react to bicycle riders on one lane roads?
Replies: 68
Views: 4429

Re: How should drivers react to bicycle riders on one lane roads?

There are several roads in my local area that are two-lane roads with medians (and tall concrete curbs) and my area is very popular with cyclists because it's a flat flood-plain near scenic rivers and country roads. A broken-down car can completely block the lane (sometimes it can be passed but it's...
by verbose
Tue May 19, 2015 11:14 am
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads (in general) plan to finance their healthcare for later life?
Replies: 34
Views: 4555

Re: How do Bogleheads (in general) plan to finance their healthcare for later life?

HSAs IIRC are not available if you are covered by any non HDHP health insurance or medicare. I keep hearing about the HSA on this board. But apparently I can't have one. My small employer offers a single health insurance choice, which is not HDHP. Since the employer pays 80% of family premium and t...
by verbose
Fri May 15, 2015 9:41 am
Forum: Personal Finance (Not Investing)
Topic: My Home: Renovate or get out?
Replies: 13
Views: 1988

Re: My Home: Renovate or get out?

1. Fix-as-it-breaks and leave everything alone. If you are not moving in and continue to rent it, then this. 2. Spend the money and do the repairs+upgrades (Doing everything, its close to 100k. Doing only repairs + minor upgrades: ~30k) If you are going to move in by yourself. But don't underestima...
by verbose
Wed May 13, 2015 4:15 pm
Forum: Personal Consumer Issues
Topic: Brand Loyalty
Replies: 60
Views: 5566

Re: Brand Loyalty

There seem to be different levels of brand loyalty. In some cases, brand loyalty is so high that a consumer won't even look at a competitor's product. In that category, I have Apple and Vanguard. There are probably more than that, but they're not coming to mind. Then there are brands that I will buy...
by verbose
Wed May 13, 2015 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Credit Cards are Good
Replies: 46
Views: 5405

Re: Credit Cards are Good

Several years ago I cancelled all my credit cards, which were all in good standing and not carrying balances. I will admit that Dave Ramsey was a major influence here, though I don't follow all of his advice. I had been attempting to budget around the credit cards, but found it nearly impossible. On...

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