Search found 290 matches

by prd1982
Fri May 22, 2020 7:36 am
Forum: Personal Finance (Not Investing)
Topic: [Auto insurance companies issuing refunds due to coronavirus]
Replies: 101
Views: 6550

Re: [Auto insurance companies issuing refunds due to coronavirus]

I got a refund several weeks ago. But I just got my renewal, and up 5%. So people should not think rates are really going down.
by prd1982
Sun May 03, 2020 4:17 pm
Forum: Personal Consumer Issues
Topic: Lawnmower recommendation
Replies: 65
Views: 3919

Re: Lawnmower recommendation

I started to look for a new lawn mower before the lockdown started. Was comparing the new EGO dual-blade Select Cut to the Honda HRX217. Consumer Reports gives both of them great reviews, but lists the Honda as better at mulching. A 2nd battery is $350 bringing the price of the 2 mowers about the sa...
by prd1982
Sun May 03, 2020 2:40 pm
Forum: Personal Consumer Issues
Topic: Lawnmower recommendation
Replies: 65
Views: 3919

Re: Lawnmower recommendation

The conventional lawn mower pollutes as much in an hour as 40 late model cars for an hour. Source: EPA statistics for Replacing Gas Power Lawn Mowers I agree that replacing gas-powered lawn equipment with battery-powered ones reduces emissions. This is esp. true for 2-cycle engines (e.g., leaf blow...
by prd1982
Sun May 03, 2020 9:40 am
Forum: Personal Consumer Issues
Topic: Lawnmower recommendation
Replies: 65
Views: 3919

Re: Lawnmower recommendation

I also use only ethanol-free gas in my power equipment. Unfortunately, the only place I can find ethanol-free gas is the big box stores at $6 / quart. The only problem I've had with my Honda is the carb having to be replaced. I assume the problem was caused by the fuel over the winter. So I now use...
by prd1982
Fri May 01, 2020 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

This does not relate to your "how to split" topic, but another consideration is to reduce possible estate taxes and probate fees by converting some of the tIRA to Roth to reduce the size of your assets (as we've talked about in other threads). I'm 73 and the wife is 68, so not applicable to us. By ...
by prd1982
Fri May 01, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

This all sounds too complicated. We agree. But I don't think your plan is much easier. For your IRA approach, I would have to create a second IRA, and move money between them each year. In my plan, I keep 1 IRA and submit a paper beneficiary form each year. I don't see much difference in the worklo...
by prd1982
Fri May 01, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

bsteiner wrote:
Fri May 01, 2020 2:52 pm
I didn't suggest that you set up "a" trust.
I stand corrected. I really appreciate your's and Celia's comments and suggestions. They really helped me a lot.
by prd1982
Fri May 01, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

Thanks Celia. There are no charges if nothing needs to go through probate. You clearly don't live in CT. The probate fees are essentially a tax that applies to a person’s estate regardless of whether the probate court has any involvement in the transfer of the person’s assets at death. Unlike most s...
by prd1982
Fri May 01, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

Well, I think I have it now, and doesn't seem too hard to manage. I talked to the group holding our IRAs. They said to say "estate" where it asks for a name of the beneficiary. So I can give to the estate as well as a trust. So: * Every year determine the percentage of the IRAs that constitute 50% o...
by prd1982
Fri May 01, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

Yes, except I didn't suggest adding a trust to receive the IRA or naming beneficiaries for the taxable (non-IRA) account. Thanks as always. About this comment: * When I look at the forms for my IRA, it lets me specify secondary beneficiaries of spouse, non-spouse and trust. The form implies non-spo...
by prd1982
Fri May 01, 2020 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

Thanks Celia. Here are my comments about your suggestions. I have reordered your comments. First, anything that doesn’t have beneficiaries listed or belongs to a trust will have to go through probate. The state and lawyers will then get the first cut out of the assets. You need to account for that i...
by prd1982
Thu Apr 30, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

The allocation (saying that the charity's bequest comes first out of the IRA) only works if it has substantial economic effect independent of tax consequences. Treas. Reg. § 1.642-3(b)(2): https://www.law.cornell.edu/cfr/text/26/1.642(c)-3. Thanks. I looked at the article you mentioned, plus others...
by prd1982
Thu Apr 30, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

You don't want the IRA to flow through the estate. It will make it difficult to get a charitable deduction for the bequest to charity. Thank you very much for your answer. Could you please explain the statement above. If the will has 50% going to charity, with the money coming from the IRA first, w...
by prd1982
Thu Apr 30, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Estate plan: Passing IRA & investment accounts to people & charity

A remainder trust doesn't address our desire to leave 50% of our estate to people and 50% to charity. So I'm trying to determine if what I'm suggesting is allowed by the IRS. I'm proposing that: * Our joint investment account (non-tax advantaged) doesn't have a beneficiary, so it goes to the estate....
by prd1982
Thu Apr 30, 2020 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Passing IRA & investment accounts to people & charity

I don’t know that much about it, but was reading about charitable remainder trusts the other day. You leave the ira to a charity, they get 10% right away, and the beneficiary receives income throughout their lifetime and then the charity gets the money when they die. This gets rid of the 10 year di...
by prd1982
Wed Apr 29, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Re: Passing IRA & investment accounts to people & charity

When we had our wills done originally we had some what I would call "non standard" distribution objectives for our estate. What I did was simply describe my objective to the lawyer and he developed the strategy to accomplish the objective. That's really what I pay for. What does your attorney say? ...
by prd1982
Wed Apr 29, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Estate plan: Passing IRA & investment accounts to people & charity
Replies: 29
Views: 1269

Estate plan: Passing IRA & investment accounts to people & charity

We have 1/3 of our money in a non-tax advantaged investment account, and 2/3 in IRAs. We have the primary beneficiary on the IRA accounts as the spouse. We are updating our wills. We want 1/2 to go people and 1/2 to charity when we both die. What we would like to happen is that the people get their ...
by prd1982
Wed Mar 18, 2020 9:47 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1169
Views: 185883

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

What does it say? Gives you 4 options: 1. Submit claim for reimbursement for Towing Expenses, Oil Change Expenses and Past Diagnostic Costs. Also get warranty extension and product update. 2. Get out of lawsuit, but no warranty extension or reimbursement. Can sue yourself. 3. Comment in writing abo...
by prd1982
Tue Mar 17, 2020 9:03 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1169
Views: 185883

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Joel wrote:
Tue Mar 17, 2020 12:08 am
Did anyone else get a notice in the mail about the class action lawsuit against Honda in the State of Minnesota?
Yes. I'm in CT. I'm taking the default choice: extended warranty plus software fix, and giving up opportunity to sue. No noticeable problems with my CRV so far.
by prd1982
Sat Mar 14, 2020 7:50 am
Forum: Personal Investments
Topic: Why would TRPJX be down 3.07% today?
Replies: 2
Views: 226

Re: Why would TRPJX be down 3.07% today?

Morningstar is showing that the stock was up 5.8% yesterday.

I have a different TRP fund and it was messed up yesterday as well. It showed a negative return last evening on the TRP site, but a positive one on Morningstar. The TRP site is correct today.

So I would suggest checking again
by prd1982
Tue Mar 10, 2020 10:28 am
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower recommendation
Replies: 71
Views: 2471

Re: Battery powered lawn mower recommendation

I'm not the original author, but could we please get this thread back on track. I think a lot of us are looking for what people having recent battery powered lawn mowers like or don't like about their mowers. This thread should not be able why you should use gas mowers.
by prd1982
Tue Mar 10, 2020 7:48 am
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower recommendation
Replies: 71
Views: 2471

Re: Battery powered lawn mower recommendation

Has anyone bought the new EGO Select Cut lawn mower, which has 2 blades for better cutting and mulching? Wonder how it compares to the Honda lawn mower which gets the best mulching rating in Consumer Reports.
by prd1982
Mon Mar 02, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 8995-A delayed until March 2020
Replies: 21
Views: 2834

Re: H&R Block 8995-A delayed until March 2020

Just got the 3/2 update to H&R Block, and 8995-A working for me. The form shows that it is the final version.
by prd1982
Mon Mar 02, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: Are we in correction territory yet or not?
Replies: 20
Views: 2326

Re: Are we in correction territory yet or not?

There is no rational reason, logic, or model to DCA. The Oracle seems to disagree with that statement: You want to spread the risk as far as the specific companies you're in by owning a diversified group, and you diversify over time by buying this month, next month, the year after, the year after, ...
by prd1982
Tue Feb 25, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Anonymous QCD??
Replies: 20
Views: 1609

Re: Anonymous QCD??

Short answer: NO In order to be a QCD, you need a letter from the charity saying they got the gift, and that you got nothing of value in return. You cannot do this anonymously. The suggestion to use a DAF will not work. You cannot do a QCD to the DAF. Yes, you can give money from your IRA to a DAF, ...
by prd1982
Fri Feb 21, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Underreported taxable income
Replies: 5
Views: 500

Re: Underreported taxable income

I would suggest asking the IRS for a list of all the income amounts (1099s) they have received for the last several years. Go to https://www.irs.gov/individuals/get-transcript to see how to get the information online. You want the "Wage and Income Transcript". If you cannot provide the required info...
by prd1982
Tue Feb 18, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8995-A
Replies: 8
Views: 741

Re: Form 8995-A

I'm assuming you have 199A (Box 5) values in one or more of your 1099-DIVs. The 8995-A will allow high-income earners to reduce your income by up to 20% of the 199A values. This is all part of the QBI (Qualified Business Income) changes. The 8995 form is used for non high income earners. If you want...
by prd1982
Sat Feb 15, 2020 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Still haven’t received my Consolidated 1099 for Vanguard Brokerage Account
Replies: 53
Views: 3644

Re: Still haven’t received my Consolidated 1099 for Vanguard Brokerage Account

Longdog wrote:
Sat Feb 15, 2020 8:06 pm
What is the date on the form?
Page with the download link says 2/15/2020. Is brokerage account with TR Price + Vanguard mutual funds.

I haven't tried to import the data yet. That is for tomorrow. The form contains 1099-DIV and 1099-B data.
by prd1982
Sat Feb 15, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Still haven’t received my Consolidated 1099 for Vanguard Brokerage Account
Replies: 53
Views: 3644

Re: Still haven’t received my Consolidated 1099 for Vanguard Brokerage Account

i just logged on and my 1099-DIV for my brokerage account having non-Vanguard funds is available.
by prd1982
Sat Feb 15, 2020 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare vs IRMAA vs health care coverage
Replies: 37
Views: 2018

Re: Medicare vs IRMAA vs health care coverage

CAS,

Thanks for the explanation.
by prd1982
Sat Feb 15, 2020 5:07 pm
Forum: Personal Investments
Topic: Affordable Health Care Subsidy Not Elegible if I realize Gains - What to do?
Replies: 14
Views: 1566

Re: Affordable Health Care Subsidy Not Elegible if I realize Gains - What to do?

I'm assuming the stocks were bought with your money. Can't your parents transfer the stocks to you, and then you sell them? I don't know how the subsidies are calculated, but I assume this would not affect your parents. If you end up selling the stocks and causing your parents to lose their subsidy ...
by prd1982
Fri Feb 14, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: Total Stock Market Index - Section 199A dividends this year
Replies: 169
Views: 21174

Re: Total Stock Market Index - Section 199A dividends this year

Just got a new software update from H&R Block. The 8995 problem of not correctly reporting the deduction was fixed. Line 10 on 1040 is now being populated. Note that if you need to use 8995-A (e.g. high income), H&R Block is still not fixed. It is scheduled for March 5. The 199A dividends is all pa...
by prd1982
Fri Feb 14, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare vs IRMAA vs health care coverage
Replies: 37
Views: 2018

Re: Medicare vs IRMAA vs health care coverage

With the highest additional amount, the Medicare Part B premium covers 85% of what the government pays in benefits. The standard premium covers 25%. I have the impression that Medicare reimbursement rates are lower than private insurance. So I still believe you cannot find cheaper equivalent insura...
by prd1982
Fri Feb 14, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare vs IRMAA vs health care coverage
Replies: 37
Views: 2018

Re: Medicare vs IRMAA vs health care coverage

There isn't any ACA subsidy available either. Might be able to find insurance off the exchange.

You will also want either Medicare Advantage or a Medicare supplemental.

However, if you have to pay a MAGI, you can afford Medicare. It is still cheap compared to private insurance.
by prd1982
Fri Feb 14, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 8995-A delayed until March 2020
Replies: 21
Views: 2834

Re: H&R Block 8995-A delayed until March 2020

H&R Block just updated their desktop software, and the QBI deduction is now working for folks who can use the 8995 form. Those needing the 8995-A form have to wait until March 5. Wonder if H&R Block will notify folks you submitted their forms via eFiling, and did not get the QBI deduction because H&...
by prd1982
Wed Feb 12, 2020 8:33 am
Forum: Investing - Theory, News & General
Topic: Total Stock Market Index - Section 199A dividends this year
Replies: 169
Views: 21174

Re: Total Stock Market Index - Section 199A dividends this year

So I did a little experiment with the H&R Block tax software as of today. ... I think that H&R Block has some more work to do on the QBI deduction. Anyone else have any ideas? I think a number of folks on this forum think passive investors also get this credit. Personally, I don't have a clue. But ...
by prd1982
Wed Feb 12, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 8995-A delayed until March 2020
Replies: 21
Views: 2834

Re: H&R Block 8995-A delayed until March 2020

It's slightly frustrating that I had to switch software in order to file earlier, though I was able to get the refund amounts to match exactly with the H&R Block software. When I use H&R desktop, the 8995-A form doesn't indicate any QBI deduction. Since TaxAct got the same refund as H&R Block, are ...
by prd1982
Sun Feb 09, 2020 9:25 pm
Forum: Personal Investments
Topic: Help me make the switch away from Edward Jones (Portfolio Review)
Replies: 12
Views: 791

Re: Help me make the switch away from Edward Jones (Portfolio Review)

Actually, I think most if not all of this was invested prior to 2012 For covered shares, the 1099-B you get will show the sale price and the price you paid for the stocks. If the shares are not covered, the 1099-B will only show the sale price. You will have to provide the price you paid for the sh...
by prd1982
Sun Feb 09, 2020 6:54 pm
Forum: Personal Investments
Topic: Help me make the switch away from Edward Jones (Portfolio Review)
Replies: 12
Views: 791

Re: Help me make the switch away from Edward Jones (Portfolio Review)

You should look up your current unrealized capital gain or loss at EJ and copy or download any cost basis information. I agree he should do this. However, I'm assuming these are purchases made since 2012, and are therefore "covered shares". This means VG, assuming you sell there, will report the co...
by prd1982
Sun Feb 09, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Finished taxes. First time ever owing on Federal Tax
Replies: 38
Views: 3759

Re: Finished taxes. First time ever owing on Federal Tax

My wife and I (without children) claim 0 allowances. Assume you make 70K and she makes 70K. Unless you make additional withholdings, you will each be taxed as if your household income is 70K. With our progressive tax system, twice the tax on 70K is less than the tax on 140K. So you both should fill...
by prd1982
Sun Feb 09, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: W-2 using pay period instead of check date
Replies: 11
Views: 709

Re: W-2 using pay period instead of check date

I just want to point out that you will be asking the temp agency to cut new W2s for all the contractors. And many of the contractors will have to file amended returns.
by prd1982
Sun Feb 09, 2020 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: W-2 using pay period instead of check date
Replies: 11
Views: 709

Re: W-2 using pay period instead of check date

I would not say anything. I assume this is also how it was reported to the IRS. Whether technically correct or not, I cannot imagine the IRS caring. Save complaining to the agency for something worth risking being considered a pain.
by prd1982
Sat Feb 08, 2020 7:09 pm
Forum: Personal Consumer Issues
Topic: I bought Consumer Reports lowest rated car...
Replies: 76
Views: 9347

Re: I bought Consumer Reports lowest rated car...

Today's worst car would have been a top-10 car in the 60s. So I do treat the Consumer Reports reliability rating with less importance than I used to. I also look at what they say are the problems. I consider CR and Edmunds as the 2 sources I can rely on for cars.
by prd1982
Sat Feb 08, 2020 2:50 pm
Forum: Personal Consumer Issues
Topic: Dangerous to allow Windows 10 desktop PC to have public/real IP address? No NAT/firewall
Replies: 20
Views: 1108

Re: Dangerous to allow Windows 10 desktop PC to have public/real IP address? No NAT/firewall

While I think you need a router, can you even use FIOS without a Verizon supplied router? I would assume the VZ would provide a box to interface with the FIOS cable having a built-in router.
by prd1982
Sat Feb 08, 2020 9:26 am
Forum: Personal Consumer Issues
Topic: Do you think I should get a dedicated Chromebook for my financial accounts?
Replies: 60
Views: 4766

Re: Do you think I should get a dedicated Chromebook for my financial accounts?

I haven't used a Chromebook for a couple of years, but found it too limiting. I think a Windows/Mac with anti-virus protection and a password manager is just as good. To me, a key security measure is to ensure your FI sends you alerts when ever something changes, and that you pay attention to them. ...
by prd1982
Sat Feb 08, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 8995-A delayed until March 2020
Replies: 21
Views: 2834

Re: H&R Block 8995-A delayed until March 2020

What is QBI? As jj said, QBI is Qualified Business Income. But this year it affects a lot of people who don't think of themselves as having Business Income. Many funds invest in REITS (real estate). This year the 1099-DIV has box 5 for Section 199A dividends. This is QBI. Forms 8995 and 8995-A are ...
by prd1982
Fri Feb 07, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 8995-A delayed until March 2020
Replies: 21
Views: 2834

H&R Block 8995-A delayed until March 2020

Just saw that H&R Block delayed the final 8995-A (QBI) forms until 3/5/2020 on Windows, and 3/12/2020 on Mac. Also, as others have reported, H&R Block doesn't handle the QBI on 1099-DIVs using the 8995 Simplified Computation, even though it says the form is final. Obviously H&R Block is having probl...
by prd1982
Fri Feb 07, 2020 2:32 pm
Forum: Personal Consumer Issues
Topic: TurboTax Crashing - updated still no joy
Replies: 29
Views: 2029

Re: TurboTax Crashing - updated still no joy

Another thing to try -- 1. Start and save a TT file on the working machine. Then exit TT. 2. Copy the TT file from the working machine to the failing machine. 3. Double click on the TT file on the failing machine. This should launch TT to work on the file. The idea is to bypass the startup code that...
by prd1982
Fri Feb 07, 2020 11:13 am
Forum: Personal Consumer Issues
Topic: TurboTax Crashing - updated still no joy
Replies: 29
Views: 2029

Re: TurboTax Crashing - updated still no joy

Can you find the 2019 tax file that TT was using, and rename to a non-TT extension. Wondering if the problem is the tax file itself. Also, are you running Windows or Mac? I didn't see where you indicated that.
by prd1982
Thu Feb 06, 2020 4:56 pm
Forum: Personal Consumer Issues
Topic: Medicare 99490 & 99491 monthly charging. Are others getting these charges?
Replies: 8
Views: 632

Re: Medicare 99490 & 99491 monthly charging. Are others getting these charges?

great question -- see p.2. https://www.cms.gov/Outreach-and-Education/Medicare-Learning-Network-MLN/MLNProducts/Downloads/ChronicCareManagement.pdf Thanks. I read the document and I can only say that everyone on traditional medicare having 2 or more conditions can be charged this code every month. ...