Search found 76 matches

by seymore92
Sun Jan 19, 2020 10:07 pm
Forum: Personal Consumer Issues
Topic: Time to get a bearded dragon?!
Replies: 34
Views: 2159

Time to get a bearded dragon?!

Mrs. Seymore92 wants to get a bearded dragon or other reptile as a family pet. She thinks it'd be great for the kids and an easy pet to have. I don't. We have 4 kids under 8. This would be our first foray into pet ownership. She told me to post on that Bogleheads site I always frequent because she t...
by seymore92
Sun Jan 19, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes
Replies: 1
Views: 277

Re: Estimated Taxes

FBN2014 wrote:
Sun Jan 19, 2020 6:58 pm
When is the first payment for estimated taxes for 2020 due?
For Federal IRS taxes? April 15 for payment period 1/1/20-3/31/20

https://www.irs.gov/faqs/estimated-tax/ ... ividuals-2

Check your state for their dates.
by seymore92
Tue Jan 14, 2020 6:45 pm
Forum: Personal Investments
Topic: Kiddie Tax Changes and UTMA Accounts
Replies: 31
Views: 1765

Re: Kiddie Tax Changes and UTMA Accounts

Has TurboTax or other tax software yet updated for the elective option of trust tax rates or parent tax rate for 2019?

I updated today and the amount due for one of my children's returns (only unearend income) decreased a little and I'm trying to track what caused it.
by seymore92
Tue Jan 14, 2020 5:52 pm
Forum: Personal Investments
Topic: Combining traditional and rollover IRAs?
Replies: 5
Views: 357

Re: Combining traditional and rollover IRAs?

Also you say in your title that you have rollover IRAs. Unless you are of retirement age the suggestion is to not combine a rollover IRA (ie one you rolled from a 401k to IRA upon leaving employment) with a traditional IRA that you created yourself. Or to add new yearly contributions to the rollove...
by seymore92
Sun Jan 12, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1412
Views: 364900

Re: Share your net worth progression

Here are our figures. Wish I had noted down the figures from earlier years from Mint before I removed the investment accounts from it. It took 20 years of saving to reach the 1 million mark. These figures are Jan 1 for each year. Year | Age | Net Worth 2016| 41 | 1,025,000 2017 | 42 | 1,190,000 201...
by seymore92
Thu Jan 09, 2020 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Donating $1M
Replies: 66
Views: 8646

Re: Donating $1M

gmc4h232 wrote:
Wed Jan 08, 2020 7:03 am
stan1 wrote:
Fri Dec 27, 2019 4:35 pm
- Donate appreciated securities from a taxable account
If you are donating appreciated securities from a taxable account, make sure you donate securities with long term gains and not short term gains if you want to maximize your tax deduction.
Why is that?
by seymore92
Wed Jan 08, 2020 9:18 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 352674

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I recently used the promo code TDB1500 to transfer my IRAs to TDA (this is one of the few unexpired promos that works for IRA transfers). The local rep was able to successfully apply the promo code, even though I am not a TD Bank client. YMMV. $10k : $50 bonus $50k : $200 bonus $100k : $500 bonus $...
by seymore92
Tue Dec 31, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Determining tax year for income
Replies: 1
Views: 219

Re: Determining tax year for income

I found this discussion on Cash in Transit for which different opinions were provided when it came to an incoming wire transfer dispatched end of year but received in account beginning of following year.

https://www.proformative.com/questions/ ... -treatment
by seymore92
Tue Dec 31, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Determining tax year for income
Replies: 1
Views: 219

Determining tax year for income

I sold some items to a wholesaler who issued an ACH payment to me today on their end. It won't appear in my account until tomorrow at the earliest because of the ACH process. Is it income for 2019 or 2020?
by seymore92
Fri Dec 27, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA MAGI calculation sanity check
Replies: 6
Views: 503

Re: Roth IRA MAGI calculation sanity check

Some reminders of other things that you may have that would contribute to MAGI: 1099-INT 1099-B capital gains *Roth conversions* Self-employment income Jury duty Miscellaneous income (Bold added by me) Strange but true fact: Roth conversions are not included in the version of MAGI that determines w...
by seymore92
Fri Dec 27, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA MAGI calculation sanity check
Replies: 6
Views: 503

Re: Roth IRA MAGI calculation sanity check

Some reminders of other things that you may have that would contribute to MAGI:

1099-INT
1099-B capital gains
Roth conversions (Edit: this is not part of MAGI for determina Roth IRA contribution limits)
Self-employment income
Jury duty
Miscellaneous income
by seymore92
Fri Dec 27, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA MAGI calculation sanity check
Replies: 6
Views: 503

Re: Roth IRA MAGI calculation sanity check

Are any of those dividends from funds that have Foreign Tax payments that will be included on your 1099-DIV in addition to the dividends but whose amounts aren't usually available until beginning of 2020? (e.g. https://advisors.vanguard.com/VGApp/iip/advisor/csa/investments/taxcenter/foreigntaxcredi...
by seymore92
Fri Dec 20, 2019 11:49 am
Forum: Personal Investments
Topic: Calculating taxes on the sale of some shares of VTSAX
Replies: 5
Views: 252

Re: Calculating taxes on the sale of some shares of VTSAX

This tool that many use may be helpful for a quick simulation of your return given different scenarios

https://www.mortgagecalculator.org/calc ... ulator.php
by seymore92
Fri Dec 20, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1315
Views: 148585

Re: What frugal thing did you do today?

I downgraded by password manager subscription from Premium to Free because: 1) they increased the annual price by another 50% after increasing it by 100% 2 years ago (3x increase in 3 years) 2) they didn't agree to keep me on the current rate after I asked 3) I'm not actually using any of the added ...
by seymore92
Fri Dec 20, 2019 11:24 am
Forum: Personal Investments
Topic: Calculating dividend income from VTI
Replies: 14
Views: 1108

Re: Calculating dividend income from VTI

Yes, maybe. Vanguard is not very responsible when it comes to this. Since Friday is the last workday of the week, who knows when the information will appear on Vanguard.com? I noticed for VEA which declared on 12/19 (yesterday), I couldn't view it on Vanguard's site until 12/20 FWIW, unless someone...
by seymore92
Fri Dec 20, 2019 11:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8162

Re: Vanguard Estimated Year-End Distributions

For one comparison of the estimate vs the actual declared dividend, the estimate for VEA - Vanguard FTSE Developed Markets ETF was estimated at $0.42/share and declared at $0.4399/share (4.7% higher)
by seymore92
Fri Dec 20, 2019 11:18 am
Forum: Personal Investments
Topic: Calculating dividend income from VTI
Replies: 14
Views: 1108

Re: Calculating dividend income from VTI

Take the number of shares you have and multiply by the dividend per share which is looked up on Vanguard.com. Just use the last 4 quarters of published dividends to get the dividend per share for a year. Tomorrow Vanguard will tell everyone what the dividend for December 2019 will be, but you can j...
by seymore92
Tue Dec 17, 2019 12:41 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 352674

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I recently used the promo code TDB1500 to transfer my IRAs to TDA (this is one of the few unexpired promos that works for IRA transfers). The local rep was able to successfully apply the promo code, even though I am not a TD Bank client. YMMV. $10k : $50 bonus $50k : $200 bonus $100k : $500 bonus $...
by seymore92
Tue Dec 17, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 352674

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I recently used the promo code TDB1500 to transfer my IRAs to TDA (this is one of the few unexpired promos that works for IRA transfers). The local rep was able to successfully apply the promo code, even though I am not a TD Bank client. YMMV. $10k : $50 bonus $50k : $200 bonus $100k : $500 bonus $...
by seymore92
Thu Dec 12, 2019 12:37 pm
Forum: Personal Investments
Topic: Does it matter if I add to a taxable brokerage account in December or January?
Replies: 17
Views: 840

Re: Does it matter if I add to a taxable brokerage account in December or January?

By investing this year, you allow yourself the possibility to realize long-term capital gains in December 2020 (after 1 year from the investment date), if that becomes a need or advantageous for you.
by seymore92
Wed Dec 11, 2019 2:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8162

Re: Vanguard Estimated Year-End Distributions

5% of Total Stock Market's divided is not qualified. Am I remembering wrong or has that percent gone up this year? Last year (2018) 94.01% of VTI was qualified (5.99% not qualified) Vanguard Total Stock Market ETF 94.01% 0.00% https://personal.vanguard.com/us/insights/taxcenter/yearend-qualified-di...
by seymore92
Tue Dec 10, 2019 7:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8162

Re: Vanguard Estimated Year-End Distributions

5% of Total Stock Market's divided is not qualified. Am I remembering wrong or has that percent gone up this year? Last year (2018) 94.01% of VTI was qualified (5.99% not qualified) Vanguard Total Stock Market ETF 94.01% 0.00% https://personal.vanguard.com/us/insights/taxcenter/yearend-qualified-di...
by seymore92
Tue Dec 10, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8162

Re: Vanguard Estimated Year-End Distributions

I'm a bit slow, If I have 1000 shares of Wellington Admiral in Taxable, can anyone tell me what the Cap Gains distro is? Thank you Which ticker? VWENX for example is showing 0.52 Net income (i.e. dividend) and 1.68 estimated capital gains total (all long-term) per share. So for 1000 shares, $520 of...
by seymore92
Tue Dec 10, 2019 6:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8162

Re: Vanguard Estimated Year-End Distributions

Direct PDF link: https://advisors.vanguard.com/iwe/pdf/FA117420.pdf [2019 Q4 Vanguard Year End distribution projections]
by seymore92
Tue Dec 10, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8162

Vanguard Q4 2019 Estimated Year-End distributions posted

[Merged into the ongoing discussion -- moderator oldcomputerguy]

https://advisors.vanguard.com/iwe/pdf/FA117420.pdf

Includes Mutual Funds and ETFs

Posted 12/10/2019
by seymore92
Mon Dec 02, 2019 11:40 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 352674

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Can someone please provide information about the tax implications of transfer bonuses? In my case, this year, I've had money added by brokerage firms to a Roth IRA, a tIRA, and a taxable brokerage account. I'm retired and have no earned income this year. Thank you, MichDad It is taxable income if t...
by seymore92
Sun Dec 01, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Q4 category - how to use? [2019]
Replies: 55
Views: 5696

Re: Chase Freedom Q4 category - how to use?

whodidntante wrote:
Mon Sep 23, 2019 3:10 pm
I plan to use it to pay estimated tax as I mentioned in this thread.
viewtopic.php?t=276677
Are you referring to using Paypal on https://payusatax.com/ or some other site?
by seymore92
Wed Nov 27, 2019 12:48 pm
Forum: Personal Investments
Topic: UTMA Strategy, Benefits, and Alternatives
Replies: 29
Views: 1754

Re: UTMA Strategy, Benefits, and Alternatives

The UTMA is for my nephew, who I do not claim as a dependent on my taxes. Will that cause any complications? No, it just means that you will need to be sure that the person doing his taxes each year has a copy of the 1099-DIV in a timely fashion. There are no limits like there are for things like 5...
by seymore92
Tue Nov 26, 2019 2:24 pm
Forum: Personal Investments
Topic: Roth IRA conversion between brokerages
Replies: 3
Views: 246

Re: Roth IRA conversion between brokerages

^ Sure. I was hoping to leave IRA at Wells for PMA/Portfolio privileges qualifying amounts, and move my existing Roth IRA in-kind from Wells to TDA for a promo bonus. But I have plans for some Roth IRA conversions. I could leave a minimal Roth IRA at Wells for the purpose of the conversions if doing...
by seymore92
Tue Nov 26, 2019 1:56 pm
Forum: Personal Investments
Topic: Roth IRA conversion between brokerages
Replies: 3
Views: 246

Roth IRA conversion between brokerages

This is probably asked before but I couldn't find it in the search. How do you do a Roth IRA conversion between brokerages, e.g. IRA is at WellsTrade and RothIRA is at TDA? The WellsTrade IRA conversion form asks for account numbers for IRA and Roth IRA assuming both are at WellsTrade. Roth IRA Conv...
by seymore92
Mon Nov 25, 2019 9:35 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 85881

Re: Found hidden safe, should we crack?

What kind of 'safe' is it? The kind they sell at big box stores will come apart very easily with the tools in your garage. I wouldn't even bother 'cracking' it or doing any other gentle opening/drilling, just break it open. To give you an idea: https://i.ytimg.com/vi/2guvwQvElA8/hqdefault.jpg That ...
by seymore92
Mon Nov 25, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Child tax return or not?
Replies: 11
Views: 1210

Re: Child tax return or not?

But not filing anything seems weird to me. For instance, the IRS will still get a 1099B showing the mutual fund sale, etc. matched to the kids SS number. I guess I'm questioning the mechanics of it --with nothing filed, does the IRS just see that it's under the $1100 threshold, and require no furth...
by seymore92
Sun Nov 24, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Child tax return or not?
Replies: 11
Views: 1210

Re: Child tax return or not?

$1100 for tax year 2019.
by seymore92
Thu Nov 21, 2019 8:56 am
Forum: Investing - Theory, News & General
Topic: Schwab acquiring TD Ameritrade
Replies: 131
Views: 13524

Re: Schwab acquiring TD Ameritrade

How is TD Bank affected? Is that included in the acquisition?
by seymore92
Sun Nov 17, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income as defined for Roth IRA and Self-Employment income
Replies: 5
Views: 385

Re: Earned income as defined for Roth IRA and Self-Employment income

Also, perhaps counterintuitively, I believe Jury Duty Pay is Other Taxable Income but not Compensation (and therefore also not Earned Income). This is deduced from entering in the Jury Duty Pay section in TurboTax and also a close reading of the What is Compensation section of Pub 590-A (pg. 6).
by seymore92
Sun Nov 17, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income as defined for Roth IRA and Self-Employment income
Replies: 5
Views: 385

Re: Earned income as defined for Roth IRA and Self-Employment income

Spirit Rider wrote:
Sun Nov 17, 2019 4:40 pm
As @retiredjg is wont to point out, it is compensation and not earned income that is the basis for IRA contributions. Compensation is always earned income, but earned income is not always compensation.
Thank you for this helpful insight. I like to be precise and now I’m better informed.
by seymore92
Sun Nov 17, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income as defined for Roth IRA and Self-Employment income
Replies: 5
Views: 385

Re: Earned income as defined for Roth IRA and Self-Employment income

I couldn't figure out where the IRS defines Earned Income as excluding the one-half of self-employment tax. Can any of the tax gurus enlighten me? The definition you're seeking can be found in the "What is Compensation" section of IRS Publication 590-A. Finding the definition with the tax code itse...
by seymore92
Sun Nov 17, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income as defined for Roth IRA and Self-Employment income
Replies: 5
Views: 385

Earned income as defined for Roth IRA and Self-Employment income

I am trying to keep my earned income to as close as possible to $12000 this year to permit my spouse & I to contribute $6000 to each of our Roth IRAs. Our W2 Box-1 Wages are $11430 and we have self-employment income gross receipts of $570 (no expenses). I thought since these values total $12000 =$11...
by seymore92
Thu Nov 14, 2019 7:00 pm
Forum: Personal Consumer Issues
Topic: B&H Photo will pay your sales tax [payboo]
Replies: 25
Views: 3374

Re: B&H Photo will pay your sales tax [payboo]

OP and all Crains New York just reported that NYS Attorney General Letisa James is charging B&H failed to collect sales tax https://www.crainsnewyork.com/retail-apparel/bh-accused-cheating-state-out-least-73m? It's a bit more complex - NYS alleges they should have collected sales tax on manufacture...
by seymore92
Wed Nov 13, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 346
Views: 35216

Re: Turbotax 2019 on Amazon

The reality is IRS released most updates months ago such as tax brackets, etc. huh? The IRS released official tax brackets just last week: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2020 What they released last week is for tax year 2020. This quote above though...
by seymore92
Wed Nov 13, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 346
Views: 35216

Re: Turbotax 2019 on Amazon

Today TurboTax 2019 desktop (at least for mac) has an update available under Check for Updates. It seems to have enabled 1099-R I think.
by seymore92
Mon Nov 11, 2019 7:21 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 352674

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

TDA has some pretty good transfer incentives for the taxable account, but expiring soon. $50k transfer : bonus $300 $100k transfer : bonus $700 $250k transfer : bonus $1,300 $500k transfer : bonus $1,900 $1m transfer : bonus $3,500 $2m transfer : bonus $6,600 $5m transfer : bonus $12,700 https://ww...
by seymore92
Mon Nov 11, 2019 7:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2043
Views: 352674

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

TDA has some pretty good transfer incentives for the taxable account, but expiring soon. $50k transfer : bonus $300 $100k transfer : bonus $700 $250k transfer : bonus $1,300 $500k transfer : bonus $1,900 $1m transfer : bonus $3,500 $2m transfer : bonus $6,600 $5m transfer : bonus $12,700 https://ww...
by seymore92
Thu Nov 07, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 346
Views: 35216

Re: Turbotax 2019 on Amazon

So it's TurboTax's fault that the IRS doesn't release forms in time (to any software publisher)? I do my 2019 retirement planning on the 2018 software just fine. You could be correct, but even so, this still makes Turbotax no longer useable for year ending tax planning. The reality is IRS released ...
by seymore92
Thu Sep 19, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone converted paper I-Bonds to electronic?
Replies: 36
Views: 3798

Re: Has anyone converted paper I-Bonds to electronic?

If and when you convert your savings bonds, be aware that your Treasury Direct login will now have two separate accounts in it - One for online purchases and one for converted bonds. This is very relevant come tax time. If you redeemed any converted bonds within the tax year, you'll need to be awar...
by seymore92
Thu Sep 19, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone converted paper I-Bonds to electronic?
Replies: 36
Views: 3798

Re: Has anyone converted paper I-Bonds to electronic?

Does anyone know if you can move/consolidate the converted paper-to-electronic I-Bonds from the My Converted Bonds account to the main online account at TreasuryDirect? Also I mailed paper bonds on 9/3 and they finished converting by 9/19 (~2 weeks), for setting future expectations of turnaround time.