Search found 914 matches

by RudyS
Fri Jan 19, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Ever Downgrade Home To Create Savings Fund
Replies: 3
Views: 287

Re: Ever Downgrade Home To Create Savings Fund

Conceptually, that sounds reasonable, but the devil is in the details. Can you actually find a home that is suitable (space AND location) that is less expensive than what you have now? Is there someone specific that you are thinking of marrying? You need their take on this!
by RudyS
Fri Jan 19, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Problems obtaining a free annual Equifax credit report online
Replies: 34
Views: 3668

Re: Problems obtaining a free annual Equifax credit report online

Those "nonsense" questions can be tricky. One of mine asked, "Which of the following people live in or own a home in Kansas: Bill Jones, John White, Mary Johnson, Peter Wright, none of the above?" Here's the hard part: my son, John White (all names made up) DID, 15 years ago, own an home in Kansas. ...
by RudyS
Thu Jan 18, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Why hold bond funds in tax advantaged accounts?
Replies: 6
Views: 587

Re: Why hold bond funds in tax advantaged accounts?

First of all the returns you are using are not indicative of long term returns. Most people expect nominal returns on stocks to be in the 4-6% range over next decade and 10 year bonds are between 2 and 3 percent. It is true that there is a trade off of lower tax rates on stocks vs potentially highe...
by RudyS
Thu Jan 18, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Paying semi-illiterate vendor via credit card who has no email or computer
Replies: 23
Views: 1636

Re: Paying semi-illiterate vendor via credit card who has no email or computer

Wouldn’t you also need to send the contractor a 1099? Wondering that too. What's the approximate dollar amount we're talking about? Hmmm, 1 hr/week for a year? Might be close. You are required to complete a 1099-MISC reporting form for an independent worker or unincorporated business if you paid th...
by RudyS
Thu Jan 18, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains 1 Day Short? Help?
Replies: 12
Views: 1131

Re: Capital Gains 1 Day Short? Help?

The IRS will likely go by the dates of acquisition and sale that appear on your 1099. If you think those dates are "wrong" you have the (theoretical) option to request a corrected 1099. Those happen all the time.
by RudyS
Tue Jan 16, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 83
Views: 5631

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

This would be a good time to confirm that your asset allocation is suitable. Especially be sure that you CAN (and will) stay the course if a big drop happens. And be sure you have sufficient (relatively) safe holdings that you will not HAVE to sell stocks in case of a huge drop. Then, just enjoy the...
by RudyS
Tue Jan 16, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3255

Re: Considering PhD...but so much to consider...

Looking for some help here, because I've been going back and forth on what to do for YEARS now and I feel the need to settle on a plan!!! ... Pro: can go for "free" through department funding, would be a satisfying thing to do, buffet pick of 100k+/yr jobs Con: wipes out 5 years of my earning lifet...
by RudyS
Tue Jan 16, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3255

Re: Considering PhD...but so much to consider...

Looking for some help here, because I've been going back and forth on what to do for YEARS now and I feel the need to settle on a plan!!! ... Pro: can go for "free" through department funding, would be a satisfying thing to do, buffet pick of 100k+/yr jobs Con: wipes out 5 years of my earning lifet...
by RudyS
Mon Jan 15, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: A "Home" cell phone?
Replies: 46
Views: 3781

Re: A "Home" cell phone?

Some of my friends still have a home number (land line) but I don't dial those numbers anymore. I dial their mobile numbers. I don't see a need for a home number. TravelforFun I see a need for a land line phone number just so that I don't have to give out my cellphone number to every business that ...
by RudyS
Mon Jan 15, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: florida vacation tips please
Replies: 31
Views: 8341

Re:

Try to visit Homosassa Springs State Park. http://www.homosassasprings.org That link doesn't work. Try these; https://www.floridastateparks.org/sites/default/files/Division%20of%20Recreation%20and%20Parks/documents/hsw-brochure-sm.pdf https://www.floridastateparks.org/park/Homosassa-Springs It's an...
by RudyS
Sun Jan 14, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: How long do you save tax returns?
Replies: 39
Views: 3117

Re: How long do you save tax returns?

cheese_breath wrote:
Sun Jan 14, 2018 4:58 pm
Gill wrote:
Sun Jan 14, 2018 2:44 pm
... Have my returns back to the first one I filed in 1963...
Mine go back ro 1959. Anyone earlier, or do I win the contest? :happy
1954! I only save the tax forms themselves after the 7 year limitation has passed.
by RudyS
Sun Jan 14, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: "EBATES" - For real, or scam ?
Replies: 14
Views: 1360

Re: "EBATES" - For real, or scam ?

My daughter has used it for years. No problems. Maybe I should start too.
by RudyS
Sat Jan 13, 2018 4:14 pm
Forum: Personal Consumer Issues
Topic: Yahoo Mail: Only auto-suggest from Address Book?
Replies: 2
Views: 141

Re: Yahoo Mail: Only auto-suggest from Address Book?

It's a lot of work, but I think you can get to the contacts list, and delete any that aren't valid. You'd need to work from an actual current list.
by RudyS
Sat Jan 13, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: New 529 rules -- One state plan's response
Replies: 12
Views: 998

Re: New 529 rules -- One state plan's response

IANAL, but this reads, and I have read elsewhere, that the limitation to payment for TUITION applies only to the new elementary or secondary provision. Not aware that the policy for post-secondary expenses has changed.
by RudyS
Sat Jan 13, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Simple estate planning question regarding basis step-up on jointly titled account
Replies: 4
Views: 325

Re: Simple estate planning question regarding basis step-up on jointly titled account

Gill wrote:
Sat Jan 13, 2018 7:46 am
The surviving spouse would own the account outright and therefore a full step up at the subsequent death.
Gill
And, this may be obvious, the account should then be retitled to just the surviving spouse.
by RudyS
Fri Jan 12, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 26
Views: 1612

Re: mlp's Master Limited Partnerships

I had four of these many years ago (80's? 90's?). Real estate, films, oil. All lost money (except for the issuers). Luckily, not a lot of money involved. All were a big pain at tax time. There must be better investments out there. BTW, the person who sold me these, is now at Edward Jones!
by RudyS
Thu Jan 11, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Who should claim dependent?
Replies: 5
Views: 419

Re: Who should claim dependent?

According to Publication 501 (section: qualifying child of more than one taxpayer), the IRS has rules for this situation. Based on the facts given in your post and assuming all three of you lived together all year, the parent with the higher AGI can claim the child. While your incomes may be very c...
by RudyS
Thu Jan 11, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 5461

Re: Trying to downsize but still too much stuff

Looks like remarkable progreess so far. Suggestion about the "sentimental" things: If they are actual items, I can't help. If they are papers, photos, souvenir pamphlets etc, here's an idea. I had such things from my school years, summer jobs, etc. I condensed a bankers box of papers down to one scr...
by RudyS
Wed Jan 10, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: anything to buy to save on taxes
Replies: 9
Views: 986

Re: anything to buy to save on taxes

Is there a professional meeting, course, or convention that makes sense for you to take (as a business expense)? If so, is it in a location you'd like to visit? There are tax rules on split purpose trips, which you can find on the irs web site. You won't recoup all the cost, but this could be a nice...
by RudyS
Wed Jan 10, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6885

Re: Lowball offer on a home

LarryAllen wrote:
Wed Jan 10, 2018 9:55 am
I'd wait a month or two and offer $400k cash 10 day close.
with an inspection contingency?
by RudyS
Tue Jan 09, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage account and IRS question
Replies: 13
Views: 1112

Re: Brokerage account and IRS question

Sorry. Let me clarify this. The money that she makes from the business is deposited into a joint bank account. She only deposits checks that people pay with into my account. No cash deposits. Nothing gets unreported. I'm not sure what is clarified. What money is deposited into a joint bank account?...
by RudyS
Tue Jan 09, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: When the rubber hits the road [Progressive Dementia thread with merged updates]
Replies: 106
Views: 7885

Re: The reality hits - my dementia update

Thanks for sharing with us. Best wishes for the future.
by RudyS
Mon Jan 08, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Stopped reinvesting dividends - which bonds to use instead?
Replies: 3
Views: 489

Re: Stopped reinvesting dividends - which bonds to use instead?

Thanks for the comments. Good thoughts, will consider your suggestions.
by RudyS
Mon Jan 08, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help with giving inheritance money to mother
Replies: 16
Views: 1733

Re: Help with giving inheritance money to mother

You are a good son. Seems best you hold onto the money till she, or you, think she needs it.
by RudyS
Mon Jan 08, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Stopped reinvesting dividends - which bonds to use instead?
Replies: 3
Views: 489

Stopped reinvesting dividends - which bonds to use instead?

Getting ready to turn off reinvesting dividends from my stock funds, and instead using that money to buy "bonds". Currently AA is 67/33 and creeping higher by the day. I know there are many (thousands?) of posts on the merits of various bond funds, but I still would appreciate a succinct answer (or ...
by RudyS
Mon Jan 08, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 222
Views: 24479

Re: Hitting The Sell Button

deleted - wrong topic, sorry
by RudyS
Mon Jan 08, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: Muir Woods (California) requires reservations.
Replies: 16
Views: 1940

Re: Muir Woods (California) requires reservations.

I was in San Francisco about 6 weeks ago. I no longer go to Muir Woods (as magnificent as it is). Instead, I prefer Big Basin. Big Basin has a 1/2 hour short walk through an incredible grove of old growth redwoods as well as longer walks through both old growth and second generation redwoods. About...
by RudyS
Mon Jan 08, 2018 9:11 am
Forum: Personal Consumer Issues
Topic: Availability of parking at Shade Grove Metro Station (D.C) around 9am tomorrow?
Replies: 20
Views: 1355

Re: Availability of parking at Shade Grove Metro Station (D.C) around 9am tomorrow?

why do you park in a driveway, drive on the parkway and pay on the freeway? Driveway: meant for driving a vehicle onto it for storage (long or short term) Parkway: a road with park-like surroundings (trees and other assorted greenery) Freeway: free of stoplights and stop signs. There you go. Been s...
by RudyS
Sat Jan 06, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: Muir Woods (California) requires reservations.
Replies: 16
Views: 1940

Muir Woods (California) requires reservations.

I'm posting this because there have been several threads asking about places to visit on trips, and the coast redwoods at Muir Woods National Monument near San Francisco have been mentioned. Effective Jan 16, 2018, you need reservations to either park there or ride the shuttle. Planning ahead is ess...
by RudyS
Sat Jan 06, 2018 1:28 pm
Forum: Local Chapters and Bogleheads Community
Topic: DD just got married !
Replies: 39
Views: 3984

Re: DD just got married !

Jack FFR1846 wrote:
Sat Jan 06, 2018 11:56 am
They will do well. I've read studies that found that marriage longevity is inversely proportional to spend on the wedding.
True for me and DW of 56 years! Small family wedding only. Where is there some wood to knock on?
by RudyS
Sat Jan 06, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Charitable Deduction Question
Replies: 21
Views: 1747

Re: Charitable Deduction Question

Time of making contribution.Usually, you make a contribution at the time of its uncondi­tional delivery. .... Credit card. Contributions charged on your bank credit card are deductible in the year you make the charge. https://www.irs.gov/pub/irs-pdf/p526.pdf meaning a credit card contribution made ...
by RudyS
Fri Jan 05, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable Deduction Question
Replies: 21
Views: 1747

Re: Charitable Deduction Question

Time of making contribution.Usually, you make a contribution at the time of its uncondi­tional delivery. .... Credit card. Contributions charged on your bank credit card are deductible in the year you make the charge. https://www.irs.gov/pub/irs-pdf/p526.pdf meaning a credit card contribution made ...
by RudyS
Fri Jan 05, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Limit Owner Use of Rental Home to Two Weeks?
Replies: 22
Views: 3465

Re: Limit Owner Use of Rental Home to Two Weeks?

This is a great debate, but I would check out the official info from IRS.gov - Start with Pub 17, which is invaluable for almost all questions. It will lead you to other pubs specific to individual topics.
by RudyS
Fri Jan 05, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 3974

Re: Downsizing to one car in retirement...

My wife only drives her car about 150 miles/ month compared to about 15,000 miles/month on my car. But there is no way we would want to give up one car at this stage. Maybe later on. I have been thinking about buying a sports car, which would be a third car. I don't see how you can maintain an aver...
by RudyS
Thu Jan 04, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: 1098 from B of A, box 7 not checked
Replies: 4
Views: 391

Re: 1098 from B of A, box 7 not checked

Form 1098 serves to identify the amount of mortgage interest, which can be claimed as a deduction. I don't know how this form would provide any information needed to file schedule D to deal with any capital gain. You would have other documents to prove purchase date and cost, and again sale and proc...
by RudyS
Tue Jan 02, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: [How much should I give to charity?]
Replies: 17
Views: 1533

Re: Generosity

Timmy. On my iPad the 2nd colored font is almost unreadable. I would suggest you edit the post and remove all colored fonts as they make reading difficult. A sparing use of bold can be effective if you have a specific need to highlight a section of text. For the past 30 years my wife and I have giv...
by RudyS
Tue Jan 02, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 95
Views: 5728

Re: Keeping a checkbook register

I am in my early 80s and have had a checking account since age 15. Always reconcile my account monthly and check off reconciled checks in the check register. Two days ago received and reconciled December's statement and found three $100 personal gift checks dating back to mid-October that recipient...
by RudyS
Tue Jan 02, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: Oregon and N California trip, need advice
Replies: 20
Views: 1559

Re: Oregon and N California trip, need advice

Thanks all for the advice so far. Texasdiver, didn't know you were actually a Beaver state guy! I had discovered the Medford airport, and am musing that as a possibility to cut down on some driving, the tickets aren't much higher than PDX ones. The route I mapped so far included about 17 hours of d...
by RudyS
Tue Jan 02, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 128
Views: 11354

Re: Embarrassment Preventing Retirement Work: A factor for you?

CurlyDave wrote:
Tue Jan 02, 2018 2:12 am
If you don't need the money, taking a paid position may prevent someone who does need the money from working in that job.

Do volunteer work instead.
+1
by RudyS
Mon Jan 01, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 95
Views: 5728

Re: Keeping a checkbook register

So how many Bogleheads actually reconcile their checkbooks? I don't know how many, but I do every month. And, if it's off a penny, I search for it until I find it :) I reconcile monthly,and have done so for 60 years, but if I am off a small amount, I no longer always hunt it down, but just make ano...
by RudyS
Mon Jan 01, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Would you sell these individual stocks?
Replies: 6
Views: 544

Re: Would you sell these individual stocks?

Agree. Also ask yourself if you would BUY those at the current price. If not, then the logical thing is to sell them and buy something better. What you paid is irrelevant (except to evaluate tax implications of a sale).
by RudyS
Mon Jan 01, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is best tax software for free filing - low income retirees?
Replies: 16
Views: 712

Re: What is best tax software for free filing - low income retirees?

To locate one of the free TCE or VITA sites:

https://www.irs.gov/individuals/free-ta ... volunteers

It may be just a tad early to use the locator.
by RudyS
Mon Jan 01, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs
Replies: 43
Views: 3585

Re: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs

We have money withheld from a pension. When I make my RMDs, I look at how much will be withheld and also at last year's taxes. I then have enough withheld from the RMD to equal last year's taxes and thus qualify for the safe harbor. For example, If my last year's tax was $5000 and the withholding w...
by RudyS
Sun Dec 31, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is best tax software for free filing - low income retirees?
Replies: 16
Views: 712

Re: What is best tax software for free filing - low income retirees?

They sound like typical clients we see at TaxAide. You might look into sites near them where they can make an appointment and have their taxes done for free by trained volunteers. Amen. There is analogous program for lower income folks called VITA which is also supported by the IRS, but is not spon...
by RudyS
Sun Dec 31, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: Car headlights or Daytime Running Lights - what do you do?
Replies: 62
Views: 3701

Re: Car headlights or Daytime Running Lights - what do you do?

My car has DRL always on - cannot turn them off. If there is any question on visibility I turn on the headlights since this also turns on the taillights. I believe full headlights are required when it rains in my state. edit: found this on the state website Maryland law now requires headlights to b...
by RudyS
Sun Dec 31, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Self made index fund results in buying high and selling low?
Replies: 20
Views: 1117

Re: Self made index fund results in buying high and selling low?

Let me suggest that you have a plan for taking some money OFF the table IF/when there are substantial gains. "Bulls can make money, bears can make money, pigs never make money." On the rare occasions I go to a casino, and the even more rare occasion when at some point I am ahead, I take off the tabl...
by RudyS
Sat Dec 30, 2017 10:29 pm
Forum: Personal Consumer Issues
Topic: Appliance Install Issues
Replies: 40
Views: 2020

Re: Appliance Install Issues

I like to say "try the simplest remedy first." I would do the detective work as you said, and figure out whether any other counter outlets will work out for the micro, and maybe move other stuff like coffee makers.
by RudyS
Sat Dec 30, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: 4000% gain utility stock possible?
Replies: 12
Views: 1094

Re: 4000% gain utility stock possible?

A long time ago, several utility stocks went down to about $3, most recovered to $20 or still more. Long Island Lighting, Consumers Power for ex. PG&E did not recover. Lots of such wonderful gains exist. Akamai, now around $65, was $3 a few years ago. But that isn't a utility.
by RudyS
Sat Dec 30, 2017 11:38 am
Forum: Personal Consumer Issues
Topic: We bought a house in June, and the ac & furnace system do not work. What should we do?
Replies: 49
Views: 3459

Re: We bought a house in June, and the ac & furnace system do not work. What should we do?

Maybe I missed it, but I don't see where OP actually made a request of the seller to pay for the repair. That's the first thing I'd do. If seller refuses, then the above comments have said about all there is to say. Probably too much time has passed.
by RudyS
Fri Dec 29, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: gift cards - caveats
Replies: 41
Views: 1935

Re: gift cards - caveats

My wife buys gift cards at the local grocery store when they offer double points on their rewards program. She usually buys cards for restaurants that we frequent. Sometimes they are a pita to use because the strip doesn't work or because the waitress doesn't know how to use them. She also buys the...