Search found 156 matches

by lstone19
Fri Sep 21, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 119
Views: 13025

Re: Fidelity Full View transition to eMoney

By any chance did you change your status to "retired"? The tool will no longer update your score if you do that. If you want to recalculate your score you must change you status back to still working. Yes I did. Seems like a dumb "feature" - I still want to know where we stand and if we need to mak...
by lstone19
Fri Sep 21, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 119
Views: 13025

Re: Fidelity Full View transition to eMoney

The new Full View impacted my Fidelity Retirement Score (+20 points). I can understand some movement, but that strikes me as a big jump. OTOH, I cannot get Fidelity to update my retirement score no matter what I do. It's stuck on "as of March 2017". By any chance did you change your status to "reti...
by lstone19
Fri Sep 21, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 119
Views: 13025

Re: Fidelity Full View transition to eMoney

TheClash wrote:
Fri Sep 21, 2018 4:04 pm
The new Full View impacted my Fidelity Retirement Score (+20 points). I can understand some movement, but that strikes me as a big jump.
OTOH, I cannot get Fidelity to update my retirement score no matter what I do. It's stuck on "as of March 2017".
by lstone19
Fri Sep 21, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 71
Views: 6387

Re: Hubby soon to be laid off

Do you know if your husband will receive a severance package as part of the layoff? I was laid off in 2012 at a company I had been at for over 22 years and the package was substantial - it definitely accelerated my retirement plans. If so, might it be enough to get you guys close enough? Yes- 6 wee...
by lstone19
Tue Sep 11, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Reimbursing old HSA expenses from new custodian
Replies: 9
Views: 667

Re: Reimbursing old HSA expenses from new custodian

Having steps in place to prevent you from making a mistake is fine. I recall a thread from a few months ago that implied (at least to me) that there was some custodian out there requiring documentation of every expense with no ability to just say "send me $1234.56". I forget the details of that post...
by lstone19
Tue Sep 11, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Reimbursing old HSA expenses from new custodian
Replies: 9
Views: 667

Re: Reimbursing old HSA expenses from new custodian

The responsibility for documenting the expenses lies with the HSA owner, not the custodian. While they might provide a place for you to indicate what a distribution is for, they should not be doing any validation or approval of it - if you ask for a distribution, they should just be sending it to yo...
by lstone19
Wed Sep 05, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: How to account for HSA in retirement planning?
Replies: 41
Views: 3143

Re: How to account for HSA in retirement planning?

What you are missing about the math in that thread is that they never account for substantial qualified medical expenses in retirement. They are assuming that the vast majority of HSA distributions will be non-qualified distributions >= age 65 taxed at ordinary income tax rates. That flips reality ...
by lstone19
Tue Sep 04, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How to account for HSA in retirement planning?
Replies: 41
Views: 3143

Re: How to account for HSA in retirement planning?

My view is that once the money is in and assuming you will have enough medical expenses to be fully covered by the HSA balance, it is the same moving forward as a Roth IRA. This is a good point but, just to clarify, if a person has a choice of paying for a qualified medical expense by taking a doll...
by lstone19
Tue Sep 04, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to account for HSA in retirement planning?
Replies: 41
Views: 3143

Re: How to account for HSA in retirement planning?

Yes I max my HSA and all tax deferred accounts, My dilemma is whether to pay out of pocket for expenses or use HSA. I read that long thread that I referenced above and people have done calculations that show little difference after many years. My view is that once the money is in and assuming you w...
by lstone19
Sun Sep 02, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Displeased with Fidelity Cash / BNY Mellon- debit card theft
Replies: 64
Views: 13264

Re: Displeased with Fidelity Cash / BNY Mellon- debit card theft

I recently received a letter from them telling me that they were going to revert me to paper statements because the emails they sent me bounced. Thing is, I have several emails from them in my Inbox on various subjects; and when I got them on the phone to quiz them about this, I had them send a tes...
by lstone19
Sat Sep 01, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: IRA/Roth withdrawal error
Replies: 5
Views: 280

Re: IRA/Roth withdrawal error

Just take it from the Roth. You will get a 1099-R for both the conversion (code 7 - Normal distribution) and another for the Roth withdrawal (code Q - qualified distribution from a Roth IRA) and both go on your 1040 - $80,000 (total amount) on line 15a but only $40,000 on line 15b (taxable). And tha...
by lstone19
Sat Sep 01, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: IRA/Roth withdrawal error
Replies: 5
Views: 280

Re: IRA/Roth withdrawal error

Adding to my answer (but keeping it separate), I believe (and hopefully someone will confirm): If you mistakenly converted it, you can then just withdraw from the Roth. Since you're over 59-1/2, I don't believe there are any penalties although the five minimum since you first opened a Roth may still...
by lstone19
Sat Sep 01, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: IRA/Roth withdrawal error
Replies: 5
Views: 280

Re: IRA/Roth withdrawal error

It's unclear what you actually did. Did you mistakenly CONVERT the money to the Roth or did you WITHDRAW it from the IRA and then mistakenly deposit it to the Roth? You used the word "exchange" but that term normally means taking money out of one mutual fund and putting it in another within the same...
by lstone19
Tue Aug 28, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: CP2000 Response Help
Replies: 5
Views: 503

Re: CP2000 Response Help

For a response, I plan submit the interest worksheet generated by H&R Block with the two missing accounts highlighted and explain that the total interest originally reported on 1040 8a (taxable interest) adds up correctly with those included. For the 1099-R, I will do a similar thing and submit an ...
by lstone19
Mon Aug 27, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Tax Underpayment - When and how should I pay?
Replies: 23
Views: 1618

Re: Unexpected Tax Underpayment - When and how should I pay?

I'll have to delve into F2210 so see how much of a headache it really is and determine if it's worth saving on penalties. Not as complicated as you think, particularly if you use tax software since a lot of it is just calculations. The main thing that will help you is annualized income and the key ...
by lstone19
Mon Aug 27, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 119
Views: 13025

Re: Fidelity Full View transition to eMoney

I'm still having an issue with multi-factor authentication. FullView recognizes that the site it's linking to requires multi-factor authentication (such as a challenge question or a code from a text message) and shows a box for the answer but I am unable to type the answer in (nothing can be typed i...
by lstone19
Mon Aug 27, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Switching my HDHP To Spouses, Keep HSA
Replies: 6
Views: 348

Re: Switching my HDHP To Spouses, Keep HSA

Another consideration is deductibles. Switching mid-year probably means starting deductibles over. If you've already paid all or a substantial part of your plan's deductible, it may make sense to wait until year-end open enrollment to switch (or have both until year-end since the cost of hers is zer...
by lstone19
Mon Aug 27, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected Tax Underpayment - When and how should I pay?
Replies: 23
Views: 1618

Re: Unexpected Tax Underpayment - When and how should I pay?

Its just not a big deal. Really. We had an unexpected inherited annuity payout a few years back and were short $123,000 to the IRS. The penalty was a whopping $73. If you would feel better make a payment but folks get a little bent out of shape on these penalties. Your penalty was almost certainly ...
by lstone19
Mon Aug 27, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected Tax Underpayment - When and how should I pay?
Replies: 23
Views: 1618

Re: Unexpected Tax Underpayment - When and how should I pay?

The IRS quarters are a bit wonky. June through August is the 3rd quarter with 9/15 the due date for a 3rd quarter estimated payment (so don't wait until the end of September thinking that's the end of the quarter). To answer your other questions, there is no form to be completed other than the payme...
by lstone19
Mon Aug 27, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: 401k Contributions/ Catch-up: Companies Bucket Them, Does IRS Care?
Replies: 3
Views: 390

Re: 401k Contributions/ Catch-up: Companies Bucket Them, Does IRS Care?

I'll echo much of the above. When companies make a distinction, it's usually about matching. My wife's employer matches regular contributions but not catch-up (as indicated in your elections). Worse yet, company match is by quarters which don't align with calendar quarters (December is the first mon...
by lstone19
Thu Aug 23, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: 3 and 6 month tbills with the same CUSIP---same maturity
Replies: 4
Views: 491

Re: 3 and 6 month tbills with the same CUSIP---same maturity

It appears that are scheduled reopenings and unscheduled reopenings. I subscribe to the treasury announcement emails and get alerts about possible unscheduled reopenings. For T-Bills, which are always zero coupon, I assume all T-Bills for which there is already a bill with the scheduled maturity dat...
by lstone19
Thu Aug 23, 2018 8:51 am
Forum: Investing - Theory, News & General
Topic: Why aren't distribution estimates available year-round
Replies: 4
Views: 457

Re: Why aren't distribution estimates available year-round

Seems pretty much impossible as the mutual fund providers have zero ability to know what the underlying stocks will do over a day, much less over the course of a year. Of course they don't know what the future is going to bring nor do they now when they put out estimates with 2 to 3 months to go be...
by lstone19
Thu Aug 23, 2018 8:36 am
Forum: Investing - Theory, News & General
Topic: Why aren't distribution estimates available year-round
Replies: 4
Views: 457

Why aren't distribution estimates available year-round

Why is is so difficult for mutual fund companies to calculate distribution estimates that they only do it once per year? It would seem with today's computers it should be no more difficult to calculate a daily estimate of distributions than it is to calculate a daily NAV (which, of course, they do e...
by lstone19
Thu Aug 23, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Help Me Understand income Taxes
Replies: 9
Views: 1440

Re: Help Me Understand income Taxes

NBKCF wrote:
Wed Aug 22, 2018 8:30 pm
This should yield us a return of: $1,016

Is my return calculated accurately?
Refund, not return. Your tax "return" is the data you send (paper or electronic) to the IRS. Any money you get back from them is a "refund" of overpaid taxes.
by lstone19
Wed Aug 22, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 119
Views: 13025

Re: Fidelity Full View transition to eMoney

I am unable to link any accounts that use multi-factor authentication. I enter the user ID and password and it recognizes that there is a challenge question and has a box for typing in the answer but I am not able to actually type anything in the box (all input is ignored) - same result on two diffe...
by lstone19
Tue Aug 21, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Unequal tax treatment of HSAs and 529s
Replies: 13
Views: 1386

Re: Unequal tax treatment of HSAs and 529s

Then there is the practical reality. From personal experience and anecdotal reports on BH. If your 1099-Q is significantly higher than the beneficiary's 1098-T. You will receive a CP-2000 letter from the IRS assessing income tax and penalties on the difference. The IRS then requires you to prove th...
by lstone19
Mon Aug 20, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Full View
Replies: 6
Views: 1073

Re: Fidelity Full View

They want you to "relink" accounts which basically means re-enter everything (the old account data just acts as reminder of what accounts you had in there before). For one of my banks, which uses a challenge question on every login, the new FullView asks me the question and has a box for typing in t...
by lstone19
Thu Jun 28, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is this correct? 5-6 Days Sell VTEB to Checking Account
Replies: 21
Views: 1816

Re: Is this correct? 5-6 Days Sell VTEB to Checking Account

Fidelity has the option that one can setup that anything in the cash sweep account gets automatically swept to one's external bank account. I think stlutz told me about that, so I have the dividends in my Fido account sent automatically this way to my external checking account. Thanks! I wasn't awa...
by lstone19
Thu Jun 28, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is this correct? 5-6 Days Sell VTEB to Checking Account
Replies: 21
Views: 1816

Re: Is this correct? 5-6 Days Sell VTEB to Checking Account

I have an iShares ETF at Fidelity; I'll consider doing a 1 share sale and see how long it takes to get to my bank. I’m sensing, although I might well be wrong, that you’re thinking that when you sell, the proceeds will be automatically transferred to your bank account. With every brokerage account ...
by lstone19
Wed Jun 27, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is this correct? 5-6 Days Sell VTEB to Checking Account
Replies: 21
Views: 1816

Re: Is this correct? 5-6 Days Sell VTEB to Checking Account

Thanks Istone19! It sounds like, if you are interested in speed, you should sell a mutual fund and not an ETF. The advantage of selling a Vanguard ETF is that the ETF isn't "locked down" for 30 days....but ETF's appear to be slow to get to a checking account. By "locked down", you mean a restrictio...
by lstone19
Wed Jun 27, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is this correct? 5-6 Days Sell VTEB to Checking Account
Replies: 21
Views: 1816

Re: Is this correct? 5-6 Days Sell VTEB to Checking Account

I think the real answer is "it depends". It depends on what type of account you have, what else you have in it, and how fast the recipient bank posts. I have no experience with Vanguard but in my Fidelity brokerage account (margin), I can sell a security and have the money in my credit union checkin...
by lstone19
Sun Jun 17, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 11351

Re: Timeshare ever worth it? Please share details

[I can't speak to timeshare condos because I've never been in those and my friends own shares in properties that are actual resorts. Most, if not all, timeshares are resorts. I think you're using the term "condos" to mean units that are in a standalone building without any "resort" facilities (keep...
by lstone19
Fri Jun 15, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 17381

Re: Should I take possession of a certified mail?

I remember 35+ years ago when I was living in California getting the note that the P.O. had certified mail for me. Getting it required a special trip on the way home from work so a pain in the butt. Turned out to be a state-mandated notice from my home insurance company that I had a special 30-day ...
by lstone19
Fri Jun 15, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 17381

Re: Should I take possession of a certified mail?

I remember 35+ years ago when I was living in California getting the note that the P.O. had certified mail for me. Getting it required a special trip on the way home from work so a pain in the butt. Turned out to be a state-mandated notice from my home insurance company that I had a special 30-day p...
by lstone19
Fri Jun 15, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 937

Re: add to DW 401k while withdrawing from (self) 403b?

In some states (such as Illinois where I live), retirement income (anything reported on a 1099-R) is not subject to state income tax. So moving money through a retirement account saves on state income tax. Illinois' income tax is just shy of 5% (for all income levels) so if you put $10,000 in wife's...
by lstone19
Thu Jun 14, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 11351

Re: Timeshare ever worth it? Please share details

Deeded weeks have been out of vogue for quite some time. Indeed they have been but that doesn't mean they aren't the superior vehicle, at least for what we want. Points lets developers make the sales pitch a lot about the flexibility, which appeals to many, but that flexibility comes at the expense...
by lstone19
Thu Jun 14, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 11351

Re: Timeshare ever worth it? Please share details

One thing to keep in mind: when you buy a point based timeshare you are also subject to "currency risks". That is you are essentially buying a currency, that is controlled by the hotel company, that can be exchanged for hotel rooms. At any time they can devaluate that currency. When you purchase pe...
by lstone19
Thu Jun 14, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 11351

Re: Timeshare ever worth it? Please share details

I'm glad you have fun with your timeshare, but lets do some math. The OP said it was 44,000 + 1500 yearly. Over 20 years that is $74,000. You get to use the condo one week a year, so that is 140 nights. Actually might only be 120 nights, but lets use the full week of 140. $74,000 / 140 =$528 a nigh...
by lstone19
Thu Jun 14, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 11351

Re: Timeshare ever worth it? Please share details

Only buy resale. Strongly suggest you only buy a branded hotel in Marriott, Starwood, HGVC, etc. I agree with only buy resale. I disagree with buying a brand. For the branded time-shares, their interest seems to be more in enriching themselves through their name. Once such a project is fully-sold, ...
by lstone19
Thu Jun 14, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 11351

Re: Timeshare ever worth it? Please share details

I could never understand how these could in any way be a better deal or otherwise more favorable than just renting a hotel room for a week in the location you want to vacation at. There is a huge quality of life difference between time-share apartments and hotel rooms. Most time-shares are full apa...
by lstone19
Tue Jun 12, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Estimated Tax Penalty - Safe Haven
Replies: 7
Views: 1006

Re: Avoiding Estimated Tax Penalty - Safe Haven

While as someone else has claimed elsewhere on this site, the description of the safe haven requires equal estimated payments, the actual penalty calculation on Form 2210 does not. So if later in the year you find withholding is higher than you first expected, you can reduce the estimated payments. ...
by lstone19
Thu May 10, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Estimated tax question
Replies: 21
Views: 1837

Re: Estimated tax question

Conventionally, the three "safe harbors" are the ones in #1, #2a, and #2b at safe harbor rules . These mention withholding, not estimated tax payments. As both you and Epsilon Delta noted, one may still avoid the penalty in ways other than described by the specific safe harbors. Good point. So tech...
by lstone19
Thu May 10, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Estimated tax question
Replies: 21
Views: 1837

Re: Estimated tax question

Technically the single large payment does not meet the exact specifications of the safe harbor, but it does avoid any penalty when the full rules are applied. And fortunately the full rules are applied by the IRS's computers so it's no extra work for you. I'm curious why you believe that a single l...
by lstone19
Sun May 06, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax not allowed to consider Qualified Dividends?
Replies: 15
Views: 1228

Re: Estimated Tax not allowed to consider Qualified Dividends?

After looking over the Form 1040-ES estimated tax instructions (not just the worksheet), I now see that a tax penalty can be avoided by paying 100% of the previous year's tax, so long as it covered all twelve months. If dividends are steady from year-to-year, which they are never guaranteed, then p...
by lstone19
Sun May 06, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax not allowed to consider Qualified Dividends?
Replies: 15
Views: 1228

Re: Estimated Tax not allowed to consider Qualified Dividends?

As said above, it’s just a worksheet to help you. The IRS is never going to see it. If you have an additional information that the worksheet does not consider, you are free to adjust your estimated payments (either up or down). Come 4/15 of next year, all the IRS cares about is how much you paid, no...
by lstone19
Fri May 04, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Tax Return/Schedule C
Replies: 3
Views: 331

Re: Personal Tax Return/Schedule C

Schedule C has spaces for both numbers. It bears your SocSec# just like all other Schedules and Forms attached to the 1040. However, Box D on the Schedule C will display your FEI# if you enter it. But even when you do enter the FEI#, the SocSec# is still required on Schedule C. So it does (I use TT...
by lstone19
Fri May 04, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Tax Return/Schedule C
Replies: 3
Views: 331

Re: Personal Tax Return/Schedule C

As I understand it, on your tax return you always use your SSN. When an EIN is used for a sole proprietorship (or a disregarded entity such as an LLC for a sole proprietorship), it’s essentially just an alias for your SSN. Any information returns (e.g. 1099s) filed by a payor using the EIN will be m...
by lstone19
Fri Mar 30, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: 1040 ES/V - why did my wife receive one?
Replies: 6
Views: 654

Re: 1040 ES/V - why did my wife receive one?

As I recall from the past, if you have to pay with your 1040, the IRS automatically sends you vouchers to use. Since they’re printed with your information, it probably prevents errors that might occur on hand-written vouchers. They’re merely for convenience. It's true that on one occasion I had Tur...
by lstone19
Fri Mar 30, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: 1040 ES/V - why did my wife receive one?
Replies: 6
Views: 654

Re: 1040 ES/V - why did my wife receive one?

As I recall from the past, if you have to pay with your 1040, the IRS automatically sends you vouchers to use. Since they’re printed with your information, it probably prevents errors that might occur on hand-written vouchers. They’re merely for convenience.
by lstone19
Tue Mar 20, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Question on closing/rolling over 401k accounts prior to large dividend payments
Replies: 1
Views: 179

Re: Question on closing/rolling over 401k accounts prior to large dividend payments

You didn’t lose anything. Mutual funds (with the exception of most bond funds which do things differently) accrue the dividends they are going to pay in the daily net asset value. On the ex-div date, the net asset value drops by the amount of the dividend (plus or minus that day’s market gains/losse...