Search found 35 matches

by bhwabeck3533
Wed Nov 13, 2019 10:11 am
Forum: Forum Issues and Administration
Topic: Error Message while PMing
Replies: 5
Views: 322

Re: Error Message while PMing

OK. Got the PM to go through. I did erase my name for this one-time fix. I think it has something to do with my Kaspersky security software. Don't think it's a Windows or Google issue.
by bhwabeck3533
Wed Nov 13, 2019 7:58 am
Forum: Forum Issues and Administration
Topic: Error Message while PMing
Replies: 5
Views: 322

Re: Error Message while PMing

Thanks .... got it. I tried replying to your PM and got the same error message. I noticed my user name in the "add recipients" box, and your user name below. Is this normal? Maybe I have a setting on which is populating the recipient box??
by bhwabeck3533
Wed Nov 13, 2019 7:28 am
Forum: Forum Issues and Administration
Topic: Error Message while PMing
Replies: 5
Views: 322

Error Message while PMing

Trying to private message a user and getting this message:

"You tried to send a private message to too many recipients."

There's only one user shown. What's up?
by bhwabeck3533
Thu Nov 07, 2019 8:15 am
Forum: Investing - Theory, News & General
Topic: Theory on Sept 8, 2018?
Replies: 1
Views: 388

Theory on Sept 8, 2018?

Statement below appears at bottom of screen when I just logged on. Curious as to the timing of the record number of user on the board? Why 9/8/18? What was going on in the financial world? "In total there are 523 users online :: 59 registered, 14 hidden and 450 guests (based on users active over the...
by bhwabeck3533
Fri Nov 01, 2019 6:52 am
Forum: Investing - Theory, News & General
Topic: Re-Invested Capital Gain Distributions - Tax Implications
Replies: 19
Views: 1254

Re: Re-Invested Capital Gain Distributions - Tax Implications

Artsdoctor: You are incredibly insightful, in oh so many ways. I'm pretty sure you live near my father-in-law and must know him quite well. :-) The plot thickens, the suspicious ML account with the assumed dastardly advisor and high brokerage fees belongs to my FIL's wife (my MIL). He would love to ...
by bhwabeck3533
Thu Oct 31, 2019 6:46 am
Forum: Investing - Theory, News & General
Topic: Re-Invested Capital Gain Distributions - Tax Implications
Replies: 19
Views: 1254

Re: Re-Invested Capital Gain Distributions - Tax Implications

Many thanks to all who responded on this topic. I have passed along your collective wisdom to him in the hope he may invest in a more tax efficient manner.
by bhwabeck3533
Wed Oct 30, 2019 7:55 pm
Forum: Investing - Theory, News & General
Topic: Re-Invested Capital Gain Distributions - Tax Implications
Replies: 19
Views: 1254

Re: Re-Invested Capital Gain Distributions - Tax Implications

ArtsCDoctor:

I'll ask about the balance in the account that yielded the $42K in capital gains. I'm quite certain it was less than $500K. Why should he/we be furious in this scenario?
by bhwabeck3533
Wed Oct 30, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Re-Invested Capital Gain Distributions - Tax Implications
Replies: 19
Views: 1254

Re-Invested Capital Gain Distributions - Tax Implications

I reviewed my father-in-law's 2018 tax return. He's 84 years old, still practicing law, and quite competent in personal finance. One of the items I discussed with him is the significant number ($42K) shown for his IRS reported capital gains -- Schedule 1, line 13. He said all these gains are re-inve...
by bhwabeck3533
Wed Sep 11, 2019 4:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Flagship Services -- Another One Bites the Dust
Replies: 51
Views: 8735

Vanguard Flagship Services -- Another One Bites the Dust

We Flagship account holders at Vanguard were hit earlier this year with the demise of the Money Market service (disappeared in July). I may have "broke the news" on this forum before it happened, and unfortunately I may be breaking with more bad news now. I had a meeting (via phone of course) with a...
by bhwabeck3533
Tue Aug 13, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Credit Cards Rewards Strategies - AmEx vs AmEx
Replies: 7
Views: 1212

Credit Cards Rewards Strategies - AmEx vs AmEx

Currently my wife and I share a Delta Sky Miles American Express card. We try to put all daily expenses on the card; and pay-off the balance at the end of each billing cycle. The perks are rather limited: Delta Miles (approx 75,000 annually), free checked luggage, and one companion-ticket per year. ...
by bhwabeck3533
Wed Aug 07, 2019 1:36 pm
Forum: Personal Investments
Topic: New at This ... Using IRA to Meet Annual Expenses
Replies: 11
Views: 826

Re: New at This ... Using IRA to Meet Annual Expenses

Let's put a fork in this one -- it's done and I'm cooked. Yes, time to pay the piper (known as the IRS). As an aside, on the topic of getting a home loan -- without substantial income, I have done it twice. A total nightmare, I drove the loan underwriters crazy asking them to impute income from my h...
by bhwabeck3533
Wed Aug 07, 2019 1:22 pm
Forum: Personal Investments
Topic: New at This ... Using IRA to Meet Annual Expenses
Replies: 11
Views: 826

Re: New at This ... Using IRA to Meet Annual Expenses

Thanks for replies and guidance. Most intriguing idea is obtaining a HELOC for covering living expenses. Anyone with experience using this strategy, please respond with tactical execution details. Example, will lending institutions challenge what the money will be used for? What are the interest ra...
by bhwabeck3533
Wed Aug 07, 2019 1:07 pm
Forum: Personal Investments
Topic: New at This ... Using IRA to Meet Annual Expenses
Replies: 11
Views: 826

Re: New at This ... Using IRA to Meet Annual Expenses

Thanks for replies and guidance. Most intriguing idea is obtaining a HELOC for covering living expenses. Anyone with experience using this strategy, please respond with tactical execution details. Example, will lending institutions challenge what the money will be used for? What are the interest rat...
by bhwabeck3533
Wed Aug 07, 2019 10:40 am
Forum: Personal Investments
Topic: New at This ... Using IRA to Meet Annual Expenses
Replies: 11
Views: 826

New at This ... Using IRA to Meet Annual Expenses

I am 63 years old, retired a few years ago -- and have been able to manage paying for living expenses with various taxable accounts and savings (and some 1099-MISC income) since retiring. That nice run will come to an end this year. In 2020 I will be required to make a significant withdrawal from my...
by bhwabeck3533
Thu May 16, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: New Home: Foam Insulation vs Termite Bonding
Replies: 0
Views: 459

New Home: Foam Insulation vs Termite Bonding

I recently discovered that owning a home with open-cell foam insulation could be a liability. We moved into this home located in coastal Alabama in 2017 (spec house, we are first owners). The builder provided a termite bond through Orkin. This year I asked Arrow for a quote, early in his on-site hom...
by bhwabeck3533
Thu Apr 18, 2019 6:23 am
Forum: Personal Investments
Topic: Roth IRA Withdrawal - Penalized or Not??
Replies: 7
Views: 694

Roth IRA Withdrawal - Penalized or Not??

I found the following statement on the internet while researching IRA and tax liabilities" "If you are under 59½, you may withdraw the exact amount of your Roth IRA contributions with no penalties." I have the following questions: 1) Is the statement above accurate? 2) If the answer to question #1 i...
by bhwabeck3533
Sun Apr 14, 2019 7:19 am
Forum: Personal Investments
Topic: Zero Fees: Fidelity Lower than Vanguard
Replies: 10
Views: 1124

Zero Fees: Fidelity Lower than Vanguard

In April's AARP Bulletin, in her column Jane Bryant Quinn states "Fidelity is now the lowest-cost provider of broad-market index funds, but the dollar difference with competitors such as Charles Schwab and Vanguard are small." Is anyone moving over to Fidelity's Zero Total Market Index Fund (or thei...
by bhwabeck3533
Thu Feb 28, 2019 11:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 64588

Re: Discontinuing VanguardAdvantage Accounts

As requested, official Vanguard language..... _________________________________________________________________________________________________________ Vanguard homepage Flagship Services® Important information about your VanguardAdvantage account We are writing to let you know that after careful co...
by bhwabeck3533
Thu Feb 28, 2019 10:45 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 64588

Re: Discontinuing VanguardAdvantage Accounts

You echo my every sentiment. I sent a note already to my Vanguard advisor predicting a huge backlash by current users/clients of the Advantage account. Up til now I have been a devoted and loyal disciple of Vanguard. Please provide names of investment firms you are considering as options. I'm pissed...
by bhwabeck3533
Thu Feb 28, 2019 10:30 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 64588

Vanguard is Discontinuing their VanguardAdvantage Accounts

I was disappointed to get a notice today that Vanguard is discontinuing their VanguardAdvantage Account. The "press release" provides guidance to transition, and there is no replacement product being offered. It's new info, but I'm looking for a recommended alternative when my account goes away on 7...
by bhwabeck3533
Sat Oct 13, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Source of Funds - HSA ?
Replies: 3
Views: 391

Re: Source of Funds - HSA ?

Rick: Thanks. No problems with meeting HSA requirements for all years prior to 2018 (not Medicare eligible yet, and had HDHP). Now on a "gap year" from HDHP with a low premium ACA plan (assume this is not considered HDHP). Probably can't manage finances through 2019 without taking a IRA withdrawal, ...
by bhwabeck3533
Sat Oct 13, 2018 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Source of Funds - HSA ?
Replies: 3
Views: 391

Source of Funds - HSA ?

Clear this one up for me please. I have been retired for four years and carried my company-sponsored HSA into retirement. I have been funding it with after-tax monies, assuming it was all taken care of when I filed my tax return (to get the pre-tax benefits). Now we have a new tax code for 2018. Whe...
by bhwabeck3533
Sun Apr 22, 2018 7:17 am
Forum: Personal Consumer Issues
Topic: Remedy for Post-Purchase Problem (House)
Replies: 10
Views: 1863

Re: Remedy for Post-Purchase Problem (House)

Thanks ... thought I posted on wrong board, so re-posted. Sorry!
by bhwabeck3533
Sun Apr 22, 2018 6:32 am
Forum: Personal Consumer Issues
Topic: Remedy for Post-Purchase Problem (House)
Replies: 10
Views: 1863

Liability - Home Inspector & Real Estate Agent?

My son and daughter-in-law recently bought their first home in Pennsylvania. Beyond the typical "surprises" found after moving in, they have discovered and validated major installation flaws with their metal roof. Installed by previous owner less than four years ago, it leaks at various places into ...
by bhwabeck3533
Wed Apr 04, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Executor Dilemma - Disposition of Gold Assets
Replies: 10
Views: 1606

Executor Dilemma - Disposition of Gold Assets

As executor, my sister-in-law will be faced with distributing significant assets of her father in the form of gold coins. She initially thought she would divvy out the coins in equal amounts to her sibling (and possibly grandchildren). Lots of questions popped into my head: 1. Are all these coins of...
by bhwabeck3533
Wed Mar 21, 2018 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Travel Nurse - Assistance with Tax Preparation
Replies: 2
Views: 435

Travel Nurse - Assistance with Tax Preparation

My step-son is a travel nurse (typically night shift as an Emergency Room RN). He used a professional tax preparer for filing his 2016 return (his first year as a "traveler"). I am considering doing his 2017 return with the help of my fellow AARP Tax-Aide volunteers. I would like to know the level o...
by bhwabeck3533
Sun Feb 04, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: All In Vanguard, Or Not?
Replies: 18
Views: 2675

Re: All In Vanguard, Or Not?

Thanks to all who weighed in on my recent post; especially nisiprius who expended significant effort to provide a thoughtful response. Without your support I may have fallen for a greedy, fee-based approached to managing my hard earned money. Alas, I am through forever of considering such a fool-har...
by bhwabeck3533
Fri Feb 02, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: All In Vanguard, Or Not?
Replies: 18
Views: 2675

All In Vanguard, Or Not?

2.5 years ago, I moved all my retirement assets from a managed program at Edward Jones into Vanguard index funds -- a bond and equity portfolio recommended by my Vanguard adviser. I closed my eyes and watched my balance increase quite nicely. Now, I have allowed the local CFP at Wells Fargo to recom...
by bhwabeck3533
Wed Dec 27, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: What tax year is income treated?
Replies: 5
Views: 599

Re: What tax year is income treated?

Please define "cash basis taxpayer". And, what are examples of other types of taxxpayers?
by bhwabeck3533
Wed Dec 27, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: What tax year is income treated?
Replies: 5
Views: 599

What tax year is income treated?

I will need to manage my income quite closely in 2018; as I have signed up for healthcare insurance through healthcare.gov (ACA/Obamacare) and will receive a subsidy. I am hopeful that consulting work I performed in December (self-employment) will be included as 2017 income, even though my client wi...
by bhwabeck3533
Thu Dec 07, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - Is Monthly Insurance Premium Eligible Expense?
Replies: 10
Views: 1346

HSA - Is Monthly Insurance Premium Eligible Expense?

I have never used my HSA funds to pay my monthly insurance premiums for Healthcare and Dental -- are these expenses eligible under the HSA guidelines?
by bhwabeck3533
Mon Dec 04, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Is This How the ACA Can Help Me?
Replies: 10
Views: 1429

Is This How the ACA Can Help Me?

I am 62 years old, my wife, age 53, and I are retired (I do some part-time consulting). Since retiring in 2014, I have purchased a bronze health care plan (outside of ACA/Obamacare) ... my annual premium has increased from $8500 in 2014 to $15,600 (2018 BCBS estimate in Alabama). I am prepared to li...
by bhwabeck3533
Mon Dec 04, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance question (get subsidy for a private insurance, not Medicaid)
Replies: 8
Views: 1029

Re: Health Insurance question (get subsidy for a private insurance, not Medicaid)

I am 62 years old, my wife, age 53, and I are retired (I do some part-time consulting). Since retiring in 2014, I have purchased a bronze health care plan (outside of ACA/Obamacare) ... my annual premium has increased from $8500 in 2014 to $15,600 (2018 BCBS estimate in Alabama). I am prepared to li...
by bhwabeck3533
Thu Sep 21, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: "The Simple Path to Wealth" -- A Gem
Replies: 46
Views: 21836

Re: "The Simple Path to Wealth" -- A Gem

I'm not quite finished with the book -- and I do like it, speaks to my investing philosophy (and yes, JL Collins is a little folksy with his style). That said, I have two actions I may take (I am retired and in "wealth preservation" stage): 1. Revising my stock:bond ratio to 80:20 (now 60:40) 2. Yan...