Search found 711 matches

by exoilman
Tue Jan 14, 2020 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Form 709 record keeping
Replies: 3
Views: 307

Re: Form 709 record keeping

The estate and gift tax exemption is currently $11.58 million. Will your estate plus what has previously been gifted exceed that number or be anywhere close? If not, there won't be any concerns. However, just in case there is any question I would keep your 709s with your other estate documents. Che...
by exoilman
Mon Jan 13, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Form 709 record keeping
Replies: 3
Views: 307

Form 709 record keeping

We have had to file Form 709 for gifts we gave to our children. This was many years ago. When we pass and the children will receive our estate how will they have to be handled?

Thanks
Sam
by exoilman
Thu Jan 09, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tax treatment of stock or mutual funds moved to a donor advised fund
Replies: 10
Views: 431

Re: Tax treatment of stock or mutual funds moved to a donor advised fund

Does the wash rule apply for buying back the same security?

Sam
by exoilman
Tue Dec 03, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Best Ways to Help Poor Families at the Holiday Season?
Replies: 43
Views: 2841

Re: Best Ways to Help Poor Families at the Holiday Season?

Suggestions? Experiences? Besides a few of the normal charities, I continue a tradition my mom started and after her death, I carry on in her honor. She carried a crisp 100 dollar bill with her and leaves it as a tip at a restaurant sometime during the holiday season. She always picked someone who ...
by exoilman
Tue Dec 03, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Best Ways to Help Poor Families at the Holiday Season?
Replies: 43
Views: 2841

Re: Best Ways to Help Poor Families at the Holiday Season?

DW was discussing with several friends how frequently they encounter homeless at stoplights with signs. Some people ignore them because they guess their money will go to liquor or drugs. They all felt sorry for the people. They had heard about an alternative idea and so drove to a dollar store and ...
by exoilman
Fri Nov 29, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 397
Views: 26564

Re: Retirement Friendly States

Jack FFR1846 wrote:
Mon Nov 25, 2019 10:19 am
Depends.

There are states that are very tax friendly that you couldn't pay me to live in.

I'll be staying in Massachusetts.
+1, staying in N.J. :D
by exoilman
Mon Nov 11, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Understand Safe Harbor rules correctly?
Replies: 27
Views: 2723

Re: Do I Understand Safe Harbor rules correctly?

I do not pay any tax till Dec. and will have a large tax bill due to RMD's and large annuity cash out. Will the safe harbor apply for us in spite of no taxes taken out?

Thanks
sam
by exoilman
Tue Nov 05, 2019 6:51 pm
Forum: Personal Consumer Issues
Topic: For those who fly often
Replies: 14
Views: 3458

For those who fly often

We get away twice per year regularly. We are looking for recommendations for neck pillows and lower back supports also.

Thanks
Sam
by exoilman
Sun Nov 03, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 517
Views: 60384

Re: Best CD rates thread

reference :sharebeer
by exoilman
Fri Oct 18, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity DAF--how to minimize fees
Replies: 27
Views: 2667

Re: Fidelity DAF--how to minimize fees

I have a Fidelity DAF. In order to get me over the standard deduction, I bundle my contributions to the DAF by contributing to it every other year. The Fidelity DAF fees are $100 or 0.6%, whichever is higher. In order to minimize my DAF fees, should I keep the balance in the DAF at or near zero--i....
by exoilman
Thu Oct 03, 2019 5:49 pm
Forum: Investing - Theory, News & General
Topic: Ally No-Penalty CD Rate Increase Alert Thread
Replies: 27
Views: 5622

Re: Ally No-Penalty CD Rate Increase Alert Thread

Is there a limit to purchases? I assume they are FDIC insured.

Thanks
sam
by exoilman
Thu Aug 15, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Ponder this, BH's... is Ben & Jerry's worth it?
Replies: 142
Views: 11701

Re: Ponder this, BH's... is Ben & Jerry's worth it?

Dottie57 wrote:
Fri Aug 09, 2019 9:39 pm
Jags4186 wrote:
Fri Aug 09, 2019 7:45 pm
https://www.talentigelato.com/

You’ll never go back.
I like both. But they are very different. B&J. Have great combos. Talenti is smooth with deep flavor.
+1
by exoilman
Wed Aug 07, 2019 4:09 pm
Forum: Personal Investments
Topic: New Jersey taxes
Replies: 58
Views: 3673

Re: New Jersey taxes

RNJ wrote:
Wed Aug 07, 2019 2:19 pm
Ani wrote:
Wed Aug 07, 2019 1:50 pm
Hello, all thank you for all these replies.

Yes , we're looking to buy a home in the 800 to 990k range and yes were are doctors.

Live where you think you can be happiest. Seriously.
+1
by exoilman
Wed Aug 07, 2019 4:05 pm
Forum: Personal Investments
Topic: New Jersey taxes
Replies: 58
Views: 3673

Re: New Jersey taxes

You could move to PA and buy PA bonds so I don’t see this closing the gap. Also, muni’s are way overbought so don’t expect much in the way of yield. If you have no reason to live in NJ I’d seriously consider moving. FWIW, I live in NJ myself. If not for the fact that our daughters live in the state...
by exoilman
Wed Aug 07, 2019 6:08 am
Forum: Personal Consumer Issues
Topic: Extreme Anxiety with Time/Money
Replies: 95
Views: 9348

Re: Extreme Anxiety with Time/Money

swordandscales wrote:
Fri Aug 02, 2019 10:10 am
I’d recommend you talk to a therapist, and not bogleheads.

Everyone has a lane. Find a real expert to help you with your anxiety.
+1
by exoilman
Tue Aug 06, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Child with cancer
Replies: 10
Views: 2349

Re: Child with cancer

Heartfelt feelings for you and your wife. There are some very smart folks here that can help.

Sam
by exoilman
Sat Jul 20, 2019 7:21 am
Forum: Investing - Theory, News & General
Topic: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?
Replies: 201
Views: 23127

Re: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?

Rick's recommendation isn't all that bad, although applying a blanket AA to any group of investors is not really appropriate. He points this out at the end of the post. Of course, I’m speaking about the average investor and everyone is different. Some people will decide 30/70 is too conservative an...
by exoilman
Mon Jun 24, 2019 1:32 pm
Forum: Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 41
Views: 6352

Re: Am I understanding this right about DAFs? If so...wow

If the amount of your DAF transfer is greater than 30% AGI, does it carry over to to the next year for another tax deduction?

Thanks
Sam
by exoilman
Thu Jun 20, 2019 1:27 pm
Forum: Personal Investments
Topic: Walton 4 Land Investment
Replies: 12
Views: 3026

Re: Walton 4 Land Investment

And a Big THANK YOU to all Bogleheads who kept me from this.

Sam :sharebeer
by exoilman
Wed Jun 19, 2019 10:46 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 171
Views: 15479

Re: Why do large personal portfolios include bonds?

At ages 75 and DW 69 our thinking is to guarantee live in help if necessary. If not needed children and grandchildren will benefit.

Sam
by exoilman
Mon Jun 17, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: Full Upper Needed
Replies: 2
Views: 884

Re: Full Upper Needed

My thoughts were more about the expense (value).

My apologies,
Sam
by exoilman
Sun Jun 16, 2019 5:17 pm
Forum: Personal Consumer Issues
Topic: Full Upper Needed
Replies: 2
Views: 884

Full Upper Needed

Hello all,

I am thinking of Clear Choice for this work. Any other recommendations or opinions for this? I live in NJ.

Thanks,
Sam
by exoilman
Mon May 27, 2019 9:16 am
Forum: Personal Consumer Issues
Topic: No more print Money magazine
Replies: 109
Views: 16247

Re: No more print Money magazine

Oh, MONEY MAGAZINE! That's a blast from the past! MONEY was my first financial magazine, along with FORBES and FORTUNE. I read them avidly for years before I began to take my own investments seriously. As I became a little savvier, I learned all that MONEY had to teach and saw how MONEY's perspecti...
by exoilman
Fri May 17, 2019 5:17 am
Forum: Personal Finance (Not Investing)
Topic: non qualified non spouse annuity
Replies: 3
Views: 338

Re: non qualified non spouse annuity

Thank you Alan S and HueyLD for your help with this matter. At least I will have time to discuss with a tax planner for the 2020 tax year. The distribution will put us at the highest tax bracket in 2020. Any ideas from Bogleheads will help to get me started. PM me will work if necessary. We live in ...
by exoilman
Thu May 16, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: non qualified non spouse annuity
Replies: 3
Views: 338

non qualified non spouse annuity

My wife has this annuity from her aunt who passed 4 years ago. She has 1 year left to do a 1035 exchange. AIG says she will get a check for the full amount and the necessary taxes will need to be paid. If she does the exchange how much longer can it be taxed deferred? We got one answer that it can b...
by exoilman
Tue Apr 23, 2019 11:40 am
Forum: Personal Investments
Topic: 1035 exchange
Replies: 7
Views: 879

Re: 1035 exchange

I contacted Fidelity about my wife's AIG annuity. They said that it can be exchanged into Fidelity Personal Retirement Annuity (all tax deferred with many choices). Has anyone had experience with this transfer. Also I read here on the BH's that they will offer some incentives for the transfer. Thank...
by exoilman
Tue Apr 09, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 7340

Re: How Much Do You Pay For Haircut?

$12 (senior) + $10 tip, same barber ~ 40 years.

Sam
by exoilman
Sun Apr 07, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 56495

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I never have. I have an extensive financial background (degrees and certifications) and have never met any financial adviser that I had enough respect for to pay for the advice. I'm sure they're out there I just haven't met one. The good ones are probably dealing with very high net worth clients. I...
by exoilman
Sat Apr 06, 2019 2:55 pm
Forum: Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 41
Views: 6352

Re: Am I understanding this right about DAFs? If so...wow

Thanks for the all the good information. We are 32% fed + 6.3% NJ so looking for some tax efficiencies. Is there a limit to the DAF initial transfer that would't be allowed because of income? We were only able to take the std. deduction for 2018. I assume all medicare + AARP + rx + copays + dental c...
by exoilman
Thu Apr 04, 2019 12:55 pm
Forum: Personal Investments
Topic: Clean up of 100+ stocks in taxable
Replies: 32
Views: 2853

Re: Clean up of 100+ stocks in taxable

So I finally took over my taxable account from an active manager—it’s a large account with over 100 stocks, along with a handful of etfs. I can probably keep several of the etfs and match them for future TLH with corresponding index fund. Regarding the stock selling, would the following be a reason...
by exoilman
Fri Mar 22, 2019 2:25 pm
Forum: Personal Investments
Topic: 1035 exchange
Replies: 7
Views: 879

1035 exchange

DW has an inherited annuity that is all cash earning 3.25%. She had a five year window to do the exchange. She has ~ 1 year before the window closes. My question is can it be exchanged into other than cash only? And can it be switched to another firm like Vanguard or Fidelity?

Thanks
Sam
by exoilman
Sun Feb 17, 2019 1:34 pm
Forum: Personal Investments
Topic: Municipal Bond Questions
Replies: 6
Views: 1119

Municipal Bond Questions

We live in NJ and are looking into municipal bonds. The Fidelity site has many choices in all states. I will assume all are federally tax free? If you purchase out of your state, is it still tax free in your own state? We see some rates in Florida and Texas appealing. In NJ does the AMT still prevai...
by exoilman
Mon Feb 04, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax efficiency for NJ resident
Replies: 2
Views: 237

Re: Tax efficiency for NJ resident

The two funds are FMPXX & FSIXX. They are one million requirement. I help manage a relatives (age 85) account. She has a good accountant and at this point don't think she needs much equity investments.

Thanks
Sam
by exoilman
Mon Feb 04, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tax efficiency for NJ resident
Replies: 2
Views: 237

Tax efficiency for NJ resident

Fidelity has a fully taxable MM that is currently 2.51%. They also have a U.S. treasury fund that is 2.25%(state tax free?). My question is if federal bracket is 32% and NJ 6.7% which has the greater savings? Does Vanguard have competitive funds as well? I realize that all the other nuances for tax ...
by exoilman
Fri Jan 18, 2019 3:15 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 58627

Re: John Bogle has died at age 89

Rest in peace

Sam
by exoilman
Mon Dec 24, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Do I need Norton Virus Protection?
Replies: 30
Views: 3092

Re: Do I need Norton Virus Protection?

SrGrumpy wrote:
Sun Dec 23, 2018 11:57 pm
OP asked the same question 8 months ago, btw:
exoilman wrote:
Fri Apr 20, 2018 1:00 pm
We recently replaced our HP with an IMAC computer. The salesperson said we no longer needed Norton. Do I need any anti virus protection for the IMAC?

Thanks
Sam
Your point?
by exoilman
Fri Dec 21, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Do I need Norton Virus Protection?
Replies: 30
Views: 3092

Re: Do I need Norton Virus Protection?

Grt2bOutdoors wrote:
Wed Dec 19, 2018 5:54 pm
I just scrapped my subscription, they were insisting I keep it, Told then to give me back my money. No problem, here is the credit.
No problem, very courteous operator.
by exoilman
Wed Dec 19, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Do I need Norton Virus Protection?
Replies: 30
Views: 3092

Do I need Norton Virus Protection?

We have all Apple devices and was wondering if we should subscribe? The reason I ask is I was just billed today for $95.00. I had an HPQ which was covered but scrapped this year.

The Apple folks say we don't need.

Any opinions whether I should have?

Thanks
Sam
by exoilman
Sun Dec 02, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 112
Views: 18088

Re: Too Much Savings Regret

Our peace of mind is that we can have live in help if necessary. We currently enjoy a moderate lifestyle of travel, dining etc. What's left goes to children and grandchildren.

Sam 74 DW 68
by exoilman
Mon Sep 24, 2018 6:23 am
Forum: Personal Investments
Topic: Investing my first million
Replies: 46
Views: 8191

Re: Investing my first million

Congrats. A liquidity event is a sweet path to success and the actual sell should be cheered once and never looked back on. A couple comments: 1. Luck will not automatically keep following you and developing conservative investing strategies is recommended. Forget ML. They will look to sell you stu...
by exoilman
Sun Sep 09, 2018 7:17 am
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 22846

Re: Why Bull Markets Are Dangerous

I've faced bear markets in the past with confidence, never selling. During the last bear market go rounds I've rebalanced cash into stock as the market tanked and was happy to be buying low. The difference between now and then is that I'm now retired, and while I don't think I would panic if there ...
by exoilman
Sat Sep 01, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 2987
Views: 287694

Re: U.S. stocks continue to soar!

For anyone taking RMD's for the last 9 years VTASX has proven worthwhile. This is my 4th in December and my account was worth more each year. My wife starts in 2 years so moving some to VMFXX for her withdrawals. I am also doing same. Perhaps someone here can calculate growth with dividend and capit...
by exoilman
Sun Aug 19, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 16381

Re: As an American, where are some great places in the world to retire?

livesoft wrote:
Tue Aug 14, 2018 3:19 pm
Near the grandchildren seems to be a top choice for many people I know.
+1