Search found 665 matches

by CAsage
Fri Nov 17, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Electric Car (Nissan Leaf) for a teen driver?
Replies: 14
Views: 918

Re: Electric Car (Nissan Leaf) for a teen driver?

I really like the idea of most families' second (or third car) being all-electric! Sounds like a great plan for a HS student.
by CAsage
Wed Nov 15, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: New TV for Father
Replies: 22
Views: 1555

Re: New TV for Father

Check Consumer's Reports. That is always a much better guide to getting a good (anything) than random bloggers.....
by CAsage
Tue Nov 14, 2017 5:32 pm
Forum: Personal Consumer Issues
Topic: Paying for news?
Replies: 44
Views: 2312

Re: Paying for news?

Real Journalism costs money, and with print ad-supported journalists losing their jobs as newspapers close, there are fewer around. Most of what is on the internet is complete garbage - all "hot" junk to get you to click and read, with little credibility or depth ..... I subscribe to a couple good m...
by CAsage
Mon Nov 13, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed for parent's finances
Replies: 37
Views: 3058

Re: Advice needed for parent's finances

Lots of good advice already, adding some minor thoughts. You certainly can manage her accounts online, my brother did that for my Mom at Vanguard (get the form signed). Your Mom's last tax return folder should have statements or 1099 forms for those accounts, they will at least give you all the acco...
by CAsage
Sun Nov 12, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 161
Views: 12583

Re: Why pay cash for a car?

Before i paid off my car the interest rate was 1%. My online savings account is earning 1.3%. I do really like being debt free though. But am i missing out on cheap money? Like in most financial decisions, the numbers matter. Vanguard CA tax-free intermediate fund is paying 1.77%, and my new car lo...
by CAsage
Thu Nov 09, 2017 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: New member needs advice on portfolio
Replies: 9
Views: 698

Re: New member needs advice on portfolio

Gradually shifting your asset allocation by directing new funds towards the underweighted asset (stock, in this case) might be a gentle way of reallocating (given the peaky stock market...). Also, I would look at the plethora of bond funds in the 401K and see if you can consolidate them to fewer.......
by CAsage
Thu Nov 09, 2017 6:09 pm
Forum: Personal Consumer Issues
Topic: Best strategy for selling cell phone on Ebay?
Replies: 27
Views: 1413

Re: Best strategy for selling cell phone on Ebay?

I've been selling on eBay for nearly a decade now. It used to be pretty easy. Nowadays. Scams everywhere. I am seasoned so I can detect it but it still costs me money. For example, I sold a Samsung Galaxy S8+ for $500. The buyer is a scammer and tries to pay me with an account with funds pending. I...
by CAsage
Mon Nov 06, 2017 8:41 am
Forum: Investing - Theory, News & General
Topic: Dividends make up for high mutual fund fees
Replies: 31
Views: 2022

Re: Dividends make up for high mutual fund fees

Total return matters in the long run. Fees really do matter because they cut into return, but someone who doesn't want to understand the research doesn't want to hear that. Dividends can be like junk bond interest - looks good in the short term, but can be a real long term loser. You can really only...
by CAsage
Sat Nov 04, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 5633

Re: College student... Financial mess... Need advice...

I would NEVER suggest moving back in. This sets YoungBuck up for more manipulation, awkward situations, possibly more financial harm downstream.... Your second worst financial hit is you are liable for the full rent for 7 more months, plus damages (kiss off that security deposit). Your third worst i...
by CAsage
Sat Nov 04, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: "Re-Recharacterize" Traditional to Roth
Replies: 12
Views: 648

Re: "Re-Recharacterize" Traditional to Roth

My question: can i "re-characterize" the traditional IRA (that i created this year when this mess started) back into a roth? i.e. traditional --> roth --> traditional --> roth The steps in red are completed. i am wondering if i can convert the traditional back into a roth or if i need to create a n...
by CAsage
Sat Nov 04, 2017 8:13 am
Forum: Investing - Theory, News & General
Topic: Complaint Resolution
Replies: 21
Views: 1264

Re: Complaint Resolution

Procedures can change. The most productive approach might be to just ask - what is the new way to get what I need done? Escalating to complain that an old process was changed/cancelled without your approval won't fix it, takes up your time, and increases your stress level. It's unfortunate that the ...
by CAsage
Fri Nov 03, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: I can take $15k out of my trad IRA with no taxes - should I?
Replies: 37
Views: 3253

Re: I can take $15k out of my trad IRA with no taxes - should I?

It is an amazing wonderful can't-go-wrong idea to convert it to a Roth. Just think - no taxes, ever. Make that your growth asset. I would convert as much as possible to a Roth (and I'm doing it at 25% ouch) before your RMD kick in, especially if you have a low income era. I would convert it at 15% i...
by CAsage
Fri Nov 03, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: "Re-Recharacterize" Traditional to Roth
Replies: 12
Views: 648

Re: "Re-Recharacterize" Traditional to Roth

Are you saying that your former 401k is now a Rollover IRA at Schwab? They don't call them 401k once you move them from your employer. If so, then you were wise to recharacterize that because you would certainly have to pay taxes due to the pro rata rules. You cannot make another Roth conversion in ...
by CAsage
Thu Nov 02, 2017 2:44 pm
Forum: Personal Consumer Issues
Topic: Bank accounts and minors
Replies: 11
Views: 488

Re: Bank accounts and minors

I would take her to the bank, and make a Big Deal out of cashing that check - count it out in 5's or something. And stick with the working-well jar bank account. I opened a 'teen' account when I felt my son was ready for a debit card (a high school and birthday present at 14) and use that to fund hi...
by CAsage
Thu Nov 02, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Post Tax Dollars
Replies: 2
Views: 281

Re: 401k Post Tax Dollars

One reason might be an awesome opportunity to roll those after tax dollars into a Roth IRA in the future.... an option several of my former coworkers who apparently had more cash than I did took advantage of! I believe it's an option, but you should verify....
by CAsage
Thu Nov 02, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: HR Block Taxcut Pre-sale
Replies: 7
Views: 571

Re: HR Block Taxcut Pre-sale

neilpilot wrote:
Thu Nov 02, 2017 11:20 am
Also got that email, on 10/29, except the price was $29.95.
Sigh, Nice! Well, I will eat beans for lunch to make up for it.... several days.... :shock:
by CAsage
Thu Nov 02, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: HR Block Taxcut Pre-sale
Replies: 7
Views: 571

HR Block Taxcut Pre-sale

I got an email couple days ago to pre-order HRBlock Taxcut Deluxe with State for $34.95. Not a bad price, so I did. The first downloads are planned for November 10, so those of us that like to obsessively play with our taxes can start soon. I note that all their 2017 tax software is available on the...
by CAsage
Thu Nov 02, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: Considering a LG 55" OLED TV
Replies: 44
Views: 3711

Re: Considering a LG 55" OLED TV

I bought the LG OLED65C7P for our family room last summer and liked it so much I just bought the 55" sibling for the front room. The picture is absolutely stunning - and the style/design of the unit is really beautiful. Practically frameless picture, and the top half of the unit is seriously 1/4" th...
by CAsage
Thu Nov 02, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: First RMD withdrawal - Now or next year?
Replies: 11
Views: 894

Re: First RMD withdrawal - Now or next year?

Taxes are due upon income that is received - so it's when you take it that the IRS expects it to match your taxes. Definitely run those tax scenarios!
by CAsage
Tue Oct 31, 2017 4:50 am
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6347

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

Concur with that one. Yes, the ACH routing and account numbers are nothing special. But I would be very leery about someone in case they are trying to link to your account. I am unclear about why he has no other options - bill pay where his bank mails you a check would certainly work if he does not...
by CAsage
Mon Oct 30, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6347

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

If the guy is financially savvy enough to do ACH transfers, you'd think he'd be savvy enough to have (or know how to use) online billpay. He could just set you up as a one-time recipient. Concur with that one. Yes, the ACH routing and account numbers are nothing special. But I would be very leery a...
by CAsage
Mon Oct 30, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with withholding taxes, help with W-4!!
Replies: 11
Views: 639

Re: Problem with withholding taxes, help with W-4!!

Good thing you are looking at this now! One approach is to do a simulated or predicted tax return, and then make estimated payments for the W-4 shortfall based on that. Nominally the IRS wants them quarterly, and the CA wants them .... see below. You can easily find the due dates online, and the 104...
by CAsage
Mon Oct 30, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Medical payment gifting when above the annual exclusion gift amount
Replies: 3
Views: 371

Re: Medical payment gifting when above the annual exclusion gift amount

Credit impact can go both ways (and if it was my parents, I would be so happy for the cash help....): https://www.creditkarma.com/credit-cards/i/authorized-user-credit-card/ If the primary account holder has a strong history of on-time payments, this can have a positive impact on your credit. Additi...
by CAsage
Mon Oct 30, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Medical payment gifting when above the annual exclusion gift amount
Replies: 3
Views: 371

Re: Medical payment gifting when above the annual exclusion gift amount

You certainly can add your children as authorized users to your credit card; I believe they get cards in their own names. And a quick search of the IRS indicates that medical expenses are permitted above $14,000 per year. See instructions for Form 709. https://www.irs.gov/instructions/i709 Medical e...
by CAsage
Sun Oct 29, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Projecting Tax Liability - Assistance Required
Replies: 26
Views: 1444

Re: Projecting Tax Liability - Assistance Required

Focus on the total tax due, not the payment in April! That's a moving target, and getting a refund is not a good thing. My personal goal is to owe about $100, or as close as I can get to that.... Read the wiki on this website on tax considerations. There are lots of things to consider, but mostly th...
by CAsage
Sun Oct 29, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Projecting Tax Liability - Assistance Required
Replies: 26
Views: 1444

Re: Projecting Tax Liability - Assistance Required

- Based upon my research, Car Registration is deductible so long that it is annual. For California, we must register our car every year and that is why it was part of the itemized deduction. Anything else I am missing here? Also, if I purchased a vehicle this year and paid $3.6K in registration/tax...
by CAsage
Sun Oct 29, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: 15 months for ROTH IRA
Replies: 6
Views: 555

Re: 15 months for ROTH IRA

Historically, the optimal way is to invest the annual $5500 in January as soon as possible, because the long term investment trend Is up and the sooner you get the money in the better. But monthly is just fine. Your account holder should keep track of the total to date for you, look online for the s...
by CAsage
Sun Oct 29, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Pay off the car or not?
Replies: 25
Views: 1985

Re: Pay off the car or not?

This might be one of the rare places where those interest-free cash advance checks could be used. I get offers from BofA or my CU for "free" advances which of course actually only cost you the 3% fee. Well, 3% is less than 4.6% and you could then pay off the car in one year. Just a thought - only fo...
by CAsage
Sat Oct 28, 2017 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: we're going to get hit with taxes next year, help please
Replies: 21
Views: 2216

Re: we're going to get hit with taxes next year, help please

What exactly is the problem here? You have a good income and owe taxes on that and the problem is ????? Unclear from post. If the problem is how to pay them - look into estimated taxes. My problems are terrible, too, I have to pay lots of taxes. Most ideas I have found on paying less taxes require y...
by CAsage
Sat Oct 28, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Capital gain tax
Replies: 3
Views: 520

Re: Capital gain tax

The date of the transfer is the key point. If it was in his name when he died, you inherited it in June 2017 and sold it fairly promptly.... I would assume the "sale price" was a fair value assessment and you might be able to deduct 1/5 of the sales costs each.... If it was transferred to you before...
by CAsage
Sat Oct 28, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: Amazon kindle paperwhite
Replies: 69
Views: 3480

Re: Amazon kindle paperwhite

Overdrive will show you eligible libraries near You. https://www.overdrive.com/ Bingo! I think mhalley just found the jackpot for everyone! Libraries are local things, since they are funded by local or state taxes, I have found that they tend to require state residency. This Overdrive site shows me...
by CAsage
Fri Oct 27, 2017 7:41 pm
Forum: Personal Consumer Issues
Topic: Amazon kindle paperwhite
Replies: 69
Views: 3480

Re: Amazon kindle paperwhite

Throw a wide net here - check with the largest city library in your state, or region. For example, in Los Angeles, they have a very deep selection of ebooks, and a library card is free to anyone in the state. I agree with this. I have accounts on 5 library systems here in Silicon Valley and I am lo...
by CAsage
Thu Oct 26, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Living trust and beneficiary
Replies: 12
Views: 1228

Re: Living trust and beneficiary

Beneficiary for all IRA/401k/403 etc tax-advantaged plans. You can put your other assets in the trust, but you can also avoid probate and pass them to your son with a simple "Transfer on Death" TOD designation, which most accounts support. You can also do that for your car. Just make a good list of ...
by CAsage
Wed Oct 25, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Amazon kindle paperwhite
Replies: 69
Views: 3480

Re: Amazon kindle paperwhite

I have one, and love it. Awesome for travel, backlit for reading at night or anywhere. Classics (aka old stuff) is free or very cheap, and many libraries are growing their e-book catalogs. Throw a wide net here - check with the largest city library in your state, or region. For example, in Los Angel...
by CAsage
Wed Oct 25, 2017 11:57 am
Forum: Personal Consumer Issues
Topic: Teenagers, debit cards, etc.
Replies: 16
Views: 1127

Re: Teenagers, debit cards, etc.

Real life is the best teacher here. Teen counselors have advised us in the past, let the school/bank/whatever teach the lesson. I would look for a debit/credit account with no overdraft access to savings or your money. When the account runs dry, things are rejected, and your daughter will learn. Sug...
by CAsage
Wed Oct 25, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Moved to Vanguard this year. Set target allocation. Now significantly outside target range. Now what?
Replies: 30
Views: 1882

Re: Moved to Vanguard this year. Set target allocation. Now significantly outside target range. Now what?

Also note that you can direct new funds to under-weighted assets. And there is no reason you have to wait a year to rebalance, I take great joy in rebalancing a few bucks here and there just for fun. As others have noted, rebalance in your pre-tax accounts, or pay taxes on the after-tax gains (thoug...
by CAsage
Wed Oct 25, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: How to Start Tutoring Service
Replies: 12
Views: 939

Re: How to Start Tutoring Service

I cannot speak to the business/tax side of things. But, for tutoring, start by contacting the local schools. Most schools keep lists of tutors to provide parents, or have study groups. If you are active in any PTA/parenting networks or neighborhood facebook groups, post and start networking. in my e...
by CAsage
Tue Oct 24, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: New TV, what's important?
Replies: 42
Views: 2907

Re: New TV, what's important?

The new LG OLED TVs are incredible - check out the ratings on consumer reports, go see one. The 55" is currently about $2,000, and may drop over the next two months (black Friday etc - think Citi price rewind if you buy now). I have the 65" and it's breathtaking - and the sound is much better than o...
by CAsage
Tue Oct 24, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Attempted theft of bank funds via identity theft
Replies: 19
Views: 2511

Re: Attempted theft of bank funds via identity theft

Did OP also freeze his identity at Chexsystems? I was hoping that doing so would prevent these sort of illegal accounts from being opened in my name with my SS #. Green Dot is a nightmare. My neighbor is dealing right now with a massive elder fraud issue - someone redirected her confused uncle's SS ...
by CAsage
Tue Oct 24, 2017 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Wife has 403(b)'s with multiple ex employers what to do?
Replies: 6
Views: 522

Re: Wife has 403(b)'s with multiple ex employers what to do?

Can you ever foresee doing Roth conversions? Or Backdoor Roth Contributions? The IRS determines the amount taxable for a Roth conversion on the TOTAL balance of all IRAs. So, if you want to leave that option open, transferring them to the 401k would be better (leaving the door open for future Roth b...
by CAsage
Mon Oct 23, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2018 for Mac [and PC Released]
Replies: 37
Views: 3417

Re: Quicken 2018 for Mac and PC Released

Hmm. Fortunately I held onto my Quicken 2010 disk which I installed on my last new computer, and just reinstalled on my new Windows 10 PC (way overdue for an upgrade; Equifax pushed me to update hardware/security). I am sorry to see software trending towards the "rent" at a higher cost rather than t...
by CAsage
Mon Oct 23, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for part-time care for grandfather?
Replies: 14
Views: 1035

Re: Best way to pay for part-time care for grandfather?

You can draw down a HELOC over time, so you only pay interest on the outstanding loan, and fees tend to be modest. Reverse mortgages are more expensive. HELOC would be my first choice (in your shoes), followed by a secured loan from family members to be paid out of the house proceeds, then a reverse...
by CAsage
Wed Oct 18, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help me convince my folks to leave their advisor
Replies: 11
Views: 1357

Re: Help me convince my parents to leave their Edward Jones advisor

I have found it useful to project the asset value 20 years from now at a compounded 8% (pick your number) vs a compounded (8-EJ fees) ... People tend to think advisors are only taking 1% or so, and that's hardly anything, but if project what % of your future net worth that is.... it's scary. And, yo...
by CAsage
Wed Oct 18, 2017 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Need Some Advice [changing advisors]
Replies: 22
Views: 1563

Re: Need Some Advice [changing advisors]

Dear Yodi2, The last 10 years would make anyone happy in the stock market. You provided no information about what investments you have, or how comfortable with risk you are. Yes, we all want things to increase at low risk and to be taken care of, but that's not real life. EJ cannot protect you from ...
by CAsage
Wed Oct 18, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: gas furnace
Replies: 6
Views: 399

Re: gas furnace

HVAC contractors are probably your best source of installation recommendations, based on where the ducts run in your house. I had my furnace moved from a closet (with a ghastly intake facing my family room which sucked in the ashes from the fireplace across the room and drowned out the TV every time...
by CAsage
Wed Oct 18, 2017 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Transferring IRA account from Etrade to Credit Union
Replies: 5
Views: 340

Re: Transferring IRA account from Etrade to Credit Union

I have a small IRA at my credit union, and I'm perfectly happy with it. I recall that I opened the account first (online), and then put in the paperwork for the transfer (needed to sign a form). Pretty straight forward; the CU should be able to help if you have any questions.
by CAsage
Wed Oct 18, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Mechanics of rebalancing a four fund portfolio
Replies: 14
Views: 1287

Re: Mechanics of rebalancing a four fund portfolio

It used to be that Vanguard would only allow multiple fund -> single and single fund -> multiple transactions. Perhaps they now allow multiple fund -> multiple fund transactions? I've done the former, but haven't tried the latter. I just checked, you can only do Multiple>Single (and presumably vice...
by CAsage
Wed Oct 18, 2017 7:50 am
Forum: Personal Consumer Issues
Topic: Trash dumped on curb (need advice)
Replies: 60
Views: 6260

Re: Trash dumped on curb (need advice)

In my neighborhood, anything usable disappears within hours, or certainly overnight. Curb alerts on craigslist or local garage sale facebook helps. Old electronics are not usable, and normal trash pickup won't take them. If you want to clear them out and are not getting help from an HOA or the city,...
by CAsage
Tue Oct 17, 2017 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics of rebalancing a four fund portfolio
Replies: 14
Views: 1287

Re: Mechanics of rebalancing a four fund portfolio

At Vanguard, you can choose the 'exchange" menu, and accomplish this all at once. Select all the funds you want to sell and the funds you want to buy, type in the dollars, and when it's equal hit submit. Easy Peasy. I'd be more worried about the phrase "one of my IRAs" - fewer accounts is better, an...
by CAsage
Tue Oct 17, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: HSA taxation in Calif
Replies: 21
Views: 1739

Re: HSA taxation in Calif

I think any interest is also taxable annually, whether or not you withdraw it. Your custodian will send any needed 1099-Int or B or Div (I only ever got the first one...). Are you sure? Have you received such a form for an HSA account? I'm not sure how that would be possible. Forms 1099-INT, 1099-B...