Search found 672 matches

by lstone19
Wed May 27, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Double checking safe harbor tax rules...
Replies: 9
Views: 575

Re: Double checking safe harbor tax rules...

I agree with why would you pay more but as the year evolves, your estimate of income may change as well as your estimate of withholding. You can deal with a change in withholding by using the "actual date of withholding" exception on 2210 but if withholding unexpectedly changes, you then need to ad...
by lstone19
Wed May 27, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Double checking safe harbor tax rules...
Replies: 9
Views: 575

Re: Double checking safe harbor tax rules...

The need for equal payments is a myth that seems to be common here and while equal payments simplify completing Form 2210, there is no requirement for equal payments. No one said equal payments but they do need to be at least 25% of the safe harbor minimum. You are certainly welcome to pay in more ...
by lstone19
Wed May 27, 2020 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Double checking safe harbor tax rules...
Replies: 9
Views: 575

Re: Double checking safe harbor tax rules...

Your example is correct assuming the payments are through withholding or timely estimated payments. Gill Timely and equal estimated payments, right? Timely. No need for equal. Timely means at least 25% of the minimum by the end of the 1st quarter, 50% by the 2nd quarter, 75% by the 3rd quarter, and...
by lstone19
Tue May 26, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8394

Re: Investors: be aware of weakness in 2FA + strengthening

Yes they could but I'm going to get both a text message and an email if they do turn it off. Could they first turn off those alerts? Unfortunately, it appears that yes, at least text alerts can be turned off without any notice. Yep, I just confirmed that I can turn off text alerts and not receive a...
by lstone19
Tue May 26, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8394

Re: Investors: be aware of weakness in 2FA + strengthening

Thanks. I just looked into this. It appears that the only real protection it provides is from external pulls. If anybody is able to login to my account, then it looks like they could just toggle the lockdown off and proceed with their theft. Yes they could but I'm going to get both a text message a...
by lstone19
Tue May 26, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: For EF "months", are we including unemployment benefits & stated severance policies? And both parts of a couple?
Replies: 19
Views: 1076

Re: For EF "months", are we including unemployment benefits & stated severance policies? And both parts of a couple?

Back before I retired, I always put a lot more faith in an Emergency Plan as opposed to an Emergency Fund . I always started with the premise that in a dire enough emergency the entire financial resources of the family would ultimately be available to address the emergency. I would then rank our fi...
by lstone19
Tue May 26, 2020 9:28 am
Forum: Personal Consumer Issues
Topic: Cross country road trip from MA to Glacier NP and Yellowstone NP
Replies: 45
Views: 2154

Re: Cross country road trip from MA to Glacier NP and Yellowstone NP

2) Yellowstone (five full days), because Yellowstone, though wonderful, was crowded, stressful, and involved so much driving around within the park. More than once we had to go past an attraction and come back to it because the parking lot was full. A lot of the geothermal stuff involves boardwalks...
by lstone19
Tue May 26, 2020 9:03 am
Forum: Personal Consumer Issues
Topic: Cross country road trip from MA to Glacier NP and Yellowstone NP
Replies: 45
Views: 2154

Re: Cross country road trip from MA to Glacier NP and Yellowstone NP

I'd say three days from Chicago to/from Glacier or Yellowstone is aggressive. Four to five days is probably more reasonable. By the time you add-in meal stops, gas stops, restroom breaks, and any other stops (leg-stretching), you'd be pushing over 12 hours per day on the road. And that allows nothin...
by lstone19
Mon May 25, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to document and reconcile carry forward losses used to offset income with brokerage?
Replies: 6
Views: 371

Re: How to document and reconcile carry forward losses used to offset income with brokerage?

Hi Bogleheads, I have losses in my taxable brokerage account which might not be offset with gains for several years. I would like to use the losses to offset the IRS max of $3,000 per year of income, in addition to offsetting future gains as they may occur. My taxable brokerage is a single account ...
by lstone19
Sat May 23, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Servicer Changing from Cenlar to Ally Bank
Replies: 8
Views: 635

Re: Mortgage Servicer Changing from Cenlar to Ally Bank

1. I personally would make the June payment in the next couple days to the old processor. Just in case the new processor has any issues with getting transferred accounts set up online quickly. OTOH, I'd wait and make the payment to the new processor on or after 6/1. The new processor is expecting y...
by lstone19
Sat May 23, 2020 12:31 pm
Forum: Personal Consumer Issues
Topic: Warning: Virginia State Inspection
Replies: 38
Views: 3727

Re: Warning: Virginia State Inspection

Virginia law specifies what must be inspected in a safety inspection and as to each inspected item, the Administrative Code provides detailed standards for approval or rejection. So I'm not sure how a vehicle that failed a safety inspection could be approved on a subsequent safety inspection unless...
by lstone19
Thu May 21, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: When are taxes due on a Roth Conversion?
Replies: 15
Views: 912

Re: When are taxes due on a Roth Conversion?

Thanks for all the help. Checked out Sch 2210 - doesn't look too onerous if I need to fill it out (I do take the std deduction). My current plan is to do quarterly payments for conversions as they occur. No idea where I heard of the 30-day rule, but I will erase it from my memory. :happy looking at...
by lstone19
Thu May 21, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: When are taxes due on a Roth Conversion?
Replies: 15
Views: 912

Re: When are taxes due on a Roth Conversion?

Equal quarterly payments vs Sch AI F2210 is basically a tradeoff in simplicity vs some complexity in filling out Sch AI...in which you need to know the timing of all income and then calculate your tax 4x. You might want to take a look at that form and try filling it out. If you are using the std de...
by lstone19
Thu May 21, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: When are taxes due on a Roth Conversion?
Replies: 15
Views: 912

Re: When are taxes due on a Roth Conversion?

Are you saying that if, e.g., I converted a large amount in December and paid estimated taxes only for Q4, the IRS will penalize me since they want payment throughout the year? If true, would this only be the case if audited, or do I somewhere enter tax payment dates on my 1040 and potentially calc...
by lstone19
Thu May 21, 2020 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion impact on future years' estimated taxes
Replies: 8
Views: 617

Re: Roth conversion impact on future years' estimated taxes

No, you don't want to use the Safe Harbor rules for 2020. Your best bet is to aim for paying in at least 90% of your projected tax. If you decide to do another Roth conversion at year end simply make an estimated payment on January 15th and then settle up with the balance in April. Better to say yo...
by lstone19
Wed May 20, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple Roth IRAs for rollovers
Replies: 4
Views: 318

Re: Multiple Roth IRAs for rollovers

Thank You, I'll call Fidelity to ask about multiple rollovers a year. I'm not to worried about fund minimums as I plan on rolling over a good amount and Fidelity has no-commission ETF trades anyways if I go that route. I've been doing multiple traditional to Roth conversions each year with Fidelity...
by lstone19
Wed May 20, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off job 1 and have to quit job 2 - How to File for UI
Replies: 12
Views: 1017

Re: Laid off job 1 and have to quit job 2 - How to File for UI

I agree with the above replies. If you quit, you will not get UI. They can tell you all they want that they want you to resign but if you don't do so, all they can do is pay you or terminate you. And if they terminate you, you then file for UI regardless of what they say the reason is (for instance,...
by lstone19
Tue May 19, 2020 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year Term Life insurance—keep or renew?
Replies: 21
Views: 1299

Re: 20 year Term Life insurance—keep or renew?

What is the logic of cancelling a current level term policy to buy a new one? A level term policy should be averaging each year's insurance cost (which goes up each year) to get the annual premium. So you overpay in the early years and make up for it in the later years. Cancelling a 20 year level te...
by lstone19
Mon May 18, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Oregon income tax on severance from Texas?
Replies: 6
Views: 559

Re: Oregon income tax on severance from Texas?

As I understand things, as a cash-based taxpayer, if you're a resident of Oregon on the day you receive the non-Oregon source money, it's Oregon income. If you're not, it's not. While I've never been an Oregon resident, every state I've had to file with as a part-year or non- resident has a schedule...
by lstone19
Sat May 16, 2020 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Rolling over into an IRA Question
Replies: 3
Views: 227

Re: Rolling over into an IRA Question

Do you have other retirement funds you can move into other funds? When my wife retires in year or less, we intend to roll her 401k over to an existing IRA. As that will be in cash for some period, out intent is to do same-day offsetting exchanges in her IRA and 401k to maintain our AA while getting ...
by lstone19
Sat May 16, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Form 5500-EZ Privacy Questions
Replies: 11
Views: 489

Re: Form 5500-EZ Privacy Questions

Not available on the DOL website is not the same as not open to public inspection. Historically, public inspection meant going to an office where documents could be viewed. Presumably, they will not be on the website but could still be inspected by going to the appropriate office.
by lstone19
Sat May 16, 2020 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 56
Views: 4428

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

My solution to the hassle of updating recurring charges is to have one card used only for recurring charges with the card never being used in the wild. It seems to be effective; card compromises seem to be directly proportional to how much the card is used in the field.
by lstone19
Wed May 13, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2648

Re: Deferred Compensation Money Gets Taxed

Ok, so then my total effective tax (fed, state & local combined) amounts to 39.7% ($65.70 is 39.7% of $165.32). That's pretty high. You appear to not understand the difference between withholding and the actual tax you're paying on that income that cannot and will not be determined until you prepar...
by lstone19
Wed May 13, 2020 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2648

Re: Deferred Compensation Money Gets Taxed

Lvk5 and gclancer I think have it pretty well figured out. By reverse engineering the income tax withholding amounts, we can conclude that the federal taxable amount of this is $165.32 (22% of which is the federal withholding of $36.37) and the state and city taxable amount is $211.47 (9.62% is the ...
by lstone19
Tue May 12, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Dental Insurance - To but or not to buy
Replies: 17
Views: 1037

Re: Dental Insurance - To but or not to buy

One plus I see for dental insurance is access to preferred rates at the dental office. I do three cleanings per year and while the insurance only pays for two, I get the insurance rate for the third which is less than their standard rate. I concur about the plans that have an assigned dentist you ne...
by lstone19
Tue May 12, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paying estimated taxes using EFTPS using Mac computer
Replies: 5
Views: 307

Re: Paying estimated taxes using EFTPS using Mac computer

Never had a problem with Safari. Keep in mind that many times when a site says only certain browsers are supported, that just means that if you have a problem with another browser, they'll just tell you to go pound sand. Rarely does it mean it doesn't work. Sometimes the reason for this is that they...
by lstone19
Tue May 12, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America unauthorized ATM withdrawal
Replies: 47
Views: 2269

Re: Bank of America unauthorized ATM withdrawal

Speaking of BoA and evil empire: I was a local credit union customer for about 10 years (UT Austin's UFCU) because everyone was saying CUs are much better than banks etc. Until I asked for a mortgage from them: I saw that their rates/closing costs etc. were actually much worse than banks. Not all c...
by lstone19
Tue May 12, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Problem filing estimated taxes using EFTPS
Replies: 4
Views: 203

Re: Problem filing estimated taxes using EFTPS

The IRS will not care whether you make 1 payment or 100 payments so long as the amount received through 7/15 meets your estimated tax payment requirements for the combined first two quarters. There is no need for separate payments nor a need to designate what quarter a payment is for. Payments are a...
by lstone19
Tue May 12, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America unauthorized ATM withdrawal
Replies: 47
Views: 2269

Re: Bank of America unauthorized ATM withdrawal

Where was the ATM? Your statement or the bank should be able to tell you where it was. If it was an ATM you use, it was probably you. If it was somewhere you’ve never been, then it probably wasn’t you.
by lstone19
Tue May 12, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Money Gets Taxed
Replies: 46
Views: 2648

Re: Deferred Compensation Money Gets Taxed

Thanks, guys. I just knew that someone had made a mistake, and it wasn't me. But, I dread calling (is it the "payroll" dept?) lest they give me a hard time and make me actually work to recover this meager $65.60 that shouldn't have been deducted from my check. They have a reputation for being diffi...
by lstone19
Tue May 12, 2020 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Check Endorsement Problem-Question
Replies: 20
Views: 1303

Re: Check Endorsement Problem-Question

As a practical matter, the banks not look at endorsements any more unless the item is REALLY large. Wrong. I've dragged myself out of the 18th century and got my credit union app so I could photo deposit a check I received for $12. I signed and put my account number but being the first time I've do...
by lstone19
Tue May 12, 2020 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Check Endorsement Problem-Question
Replies: 20
Views: 1303

Re: Check Endorsement Problem-Question

About the reason for the mobile endorsement — it’s because some miscreants will sometimes try to deposit on mobile and then deposit over the counter a second time or cash it over the counter. I've decided the real reason banks suggest endorsing it that way is as a reminder to YOU that you mobile de...
by lstone19
Mon May 11, 2020 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a wash sale?
Replies: 7
Views: 504

Re: Is this a wash sale?

I think a good shortcut way to look at this if you close out your position in a stock and don't own it at all for the next 30 days, there is not a wash sale no matter how soon before the sale you bought it or any other trades you made involving the stock. Closing out a position lets you claim both t...
by lstone19
Sat May 09, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Partial Unemployment Question
Replies: 5
Views: 504

Re: Partial Unemployment Question

As I understand the Pandemic Unemployed Assistance (PUA), 1) Yes, she has to file each week. On the weeks she receives income, they will deduct what she makes from her PUA benefits. If she earns more than the $978 that week, she will receive $0 in benefits. BTW, this seems to be based on when the i...
by lstone19
Sat May 09, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Kids Sports Turned Into Donation
Replies: 7
Views: 1437

Re: Kids Sports Turned Into Donation

Get your money back, then make a donation. Problem solved. Easier said than done. My experience is that even many large charitable organizations with professional giving ("development") staff (and almost certainly your local youth sports league doesn't have one) are still clueless as to the impact ...
by lstone19
Sat May 09, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Partial Unemployment Question
Replies: 5
Views: 504

Re: Partial Unemployment Question

I can't speak regarding WV but in my state (Illinois), what you received is normal. When you file a claim, they look at ALL (ALL will be a key word in this) employers in the base period. And then when you certify each week (or every two weeks in IL), you report your earnings from ALL employers. And ...
by lstone19
Wed May 06, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Problems obtaining a free annual Equifax credit report online
Replies: 56
Views: 33780

Re: Problems obtaining a free annual Equifax credit report online

Yes, one of the choices is “none of the above” but if you’re answering none of the above to every question, pretty much guaranteed you won’t pass the check. I think "none of the above" is part of the test. I get them fairly often and don't recall ever having had a problem passing. I forget any of t...
by lstone19
Wed May 06, 2020 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Title insurance policy
Replies: 17
Views: 901

Re: Title insurance policy

The lender is smart enough to protect their interest in the property with a lender's title insurance policy. Maybe you should be at least as smart as they are. Note that they are also smart enough to make someone else pay for the policy... You pay for it (and everything else) one way or another. Wh...
by lstone19
Tue May 05, 2020 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Title insurance policy
Replies: 17
Views: 901

Re: Title insurance policy

No attorney in this area is willing to work without a title insurance company they want to work with. Obviously they get a big commission from the title insurance company. I find this line of thinking that so many people have to be interesting. They think they must be getting a commission or a kick...
by lstone19
Tue May 05, 2020 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Problems obtaining a free annual Equifax credit report online
Replies: 56
Views: 33780

Re: Problems obtaining a free annual Equifax credit report online

Not only did I get bogus questions online from Equifax, I got bogus questions from Social Security (which uses Equifax) when I tried to create an online SS account. After 3 lockouts, SS cannot restore your access. So I won’t be able to create a “My SS” account until SS offices reopen in some way po...
by lstone19
Tue May 05, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Title guy when buying a house
Replies: 17
Views: 1407

Re: Title guy when buying a house

In most places, the seller provides the title insurance policy for the buyer, giving the buyer no choice in who their "title guy" is. However, the terms of the title insurance policy are what matter, not how good the guy or gal is. I suppose if you want to have a good "guy" in your court, the perso...
by lstone19
Tue May 05, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax witholding without a penalty?
Replies: 16
Views: 972

Re: How to minimize tax witholding without a penalty?

A taxpayer pays a penalty "if they paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year , whichever is smaller." So, on which line of 1040 is the tax shown? Line 16? Line 16 is your "total tax". If so, then this...
by lstone19
Thu Apr 30, 2020 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance under COBRA - Will returning to work disqualify me?
Replies: 53
Views: 3051

Re: Insurance under COBRA - Will returning to work disqualify me?

My employer provides group life insurance at no cost to me (imputed income if > $50,000 per IRS). Coverage was terminated the day I started COBRA. To the best of my knowledge, COBRA has nothing to do with any employer provided life insurance. Your employer life insurance was terminated the day you ...
by lstone19
Tue Apr 28, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes--Overpaid a CP2000-how to get a refund?
Replies: 6
Views: 377

Re: Taxes--Overpaid a CP2000-how to get a refund?

The IRS might send it automatically. A couple of years ago, I had to submit a 1040X and paid the added amount by EFTPS. Four months later, I received a check for a dollar and change. It turns out they decided the additional amount I owed was $2 less than I had paid (have never figured out why) and o...
by lstone19
Tue Apr 28, 2020 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: best use of $0.13?
Replies: 20
Views: 3809

Re: best use of $0.13?

$0.13 is 13 times what I had to deal with. Retired in early 2017. At the time I had an HDHP with HSA. After retirement, moved the money to another custodian as the old one would start charging fees since I was no longer an active employee. A year or so after I retired, the company changed HSA admini...
by lstone19
Sun Apr 26, 2020 1:36 pm
Forum: Personal Investments
Topic: Question about the mechanics of a margin account at Fidelity
Replies: 2
Views: 301

Re: Question about the mechanics of a margin account at Fidelity

Now let's say the owner wants to buy some more, new, ETFs. Is margin used for this purpose? Is it a choice given at the time of the purchase where an owner can choose whether to use the core cash or margin? Or does it use core cash until that is used up and then switch to margin? Core cash will be ...
by lstone19
Sun Apr 26, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Deduct PTO donated to YOUR non-profit, state-owned employer?
Replies: 16
Views: 751

Re: Deduct PTO donated to YOUR non-profit, state-owned employer?

The "deduction" comes from the income you never recognize. If your employer owes you 8 hours of PTO and you say "don't pay me for it", then that's eight hours of income that never makes it to your W-2.
by lstone19
Sat Apr 25, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Baffling TurboTax request for partnership info. Related to VTSAX?
Replies: 11
Views: 629

Re: Baffling TurboTax request for partnership info. Related to VTSAX?

I appreciate that. I hadn't noticed that particular result in my googling explorations. "Phantom K-1" sure sounds like my situation. Unless a real explanation for what happened shows up in the near future I'll back up the current TT file, delete the K-1, and see what follows. Will TT correctly diag...
by lstone19
Sat Apr 25, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Baffling TurboTax request for partnership info. Related to VTSAX?
Replies: 11
Views: 629

Re: Baffling TurboTax request for partnership info. Related to VTSAX?

My guess is at some point you inadvertently told TT you had a K-1 to enter, it created the almost blank K-1, and then you backed out. That it has no information other than your personal information tells me it wasn't created due to some other form you entered. A K-1 is a document you receive from a ...
by lstone19
Sat Apr 25, 2020 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 4965

Re: Take Social Security now, at 66, during Corona-virus?

I think the main reason to question when to file is what impact COVID-19 has had on mortality. SS is supposed to be actuarily neutral but if mortality has changed, then it no longer is. Currently, both my wife and I, with near equal expected PIAs and both in our early 60s, planned to wait until 70. ...