Search found 1298 matches

by earlyout
Sat Oct 21, 2017 7:23 pm
Forum: Personal Consumer Issues
Topic: Water damage from upstairs neighbor - insurance, subrogation, other recourse?
Replies: 30
Views: 2014

Re: Water damage from upstairs neighbor - insurance, subrogation, other recourse?

Be aware that state condominium and insurance law governs who is responsible for your damage in cases like this. I live in Georgia and on three occasions I have had water damage from condo units above mine. In each case I would have had to prove negligence on the part of my upstairs neighbors or neg...
by earlyout
Tue Oct 17, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Toilet Woes
Replies: 46
Views: 5172

Re: Toilet Woes

The water valve in the tank opens immediately when you flush. The higher flow from the supply during the flushing cylcle causes more water to be used for each flush resulting in the improved performance.
by earlyout
Tue Oct 17, 2017 6:07 am
Forum: Investing - Theory, News & General
Topic: Roth as good as you think?
Replies: 29
Views: 3488

Re: Roth as good as you think?

The Wiki does the same calculation (and confirms your result) here: https://www.bogleheads.org/wiki/Traditional_versus_Roth So it really does come down to tax bracket at contribution versus tax bracket at withdrawal. The issue that is sometimes over-looked is that RMDs can easily push retirees into...
by earlyout
Sat Oct 14, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! 2016 taxes down to the wire: form 1116 help
Replies: 25
Views: 999

Re: HELP! 2016 taxes down to the wire: form 1116 help

Does taxact let you look at form 1040? Line 48 will be the amount of ftc. What is it? I would think taxact would include form 1116 if required. Line 48 says 308. Okay, so Taxact is completing the return giving you credit for the entire $308 you paid. I would trust Taxact to handle it correctly and ...
by earlyout
Sat Oct 14, 2017 1:50 pm
Forum: Personal Consumer Issues
Topic: Using recent Quicken versions standalone
Replies: 5
Views: 596

Re: Using recent Quicken versions standalone

I've used Quicken at least weekly for the past 12 years for tracking household expenses and reconciling credit card and bank accounts. I have never downloaded anything and do not store anything on their "cloud". About a year ago, for support reasons, I migrated from Quicken 2013 to 2016. Then sudden...
by earlyout
Sat Oct 14, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! 2016 taxes down to the wire: form 1116 help
Replies: 25
Views: 999

Re: HELP! 2016 taxes down to the wire: form 1116 help

Married Filing Joint allows $600 of foreign tax credit w/o 1116, single filing allows only $300. Since all of your foreign tax was reported on your 1099 from mutual funds/ETFs, there is no need for the F1116. I'm guessing you are filing a joint return so Taxact includes the total credit and does not...
by earlyout
Sat Oct 14, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! 2016 taxes down to the wire: form 1116 help
Replies: 25
Views: 999

Re: HELP! 2016 taxes down to the wire: form 1116 help

Does taxact let you look at form 1040? Line 48 will be the amount of ftc. What is it? I would think taxact would include form 1116 if required.
by earlyout
Fri Oct 13, 2017 4:14 pm
Forum: Personal Consumer Issues
Topic: Anyone Ever Jackhammered a Concrete Patio?
Replies: 27
Views: 1595

Re: Anyone Ever Jackhammered a Concrete Patio?

Does your $1500 include the cost of a permit, front loader, waste disposal and landfill fees for getting rid of the broken up concrete?
by earlyout
Fri Oct 13, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: IRMAA, MAGI and ROTH Conversion
Replies: 4
Views: 385

Re: IRMAA, MAGI and ROTH Conversion

Plus one on the recharacterization option to avoid IRMAA. I'll make a generous estimate on the amount and convert that to Roth this year. When I finalize my 2017 tax return next year, I'll recharacterize some of the conversion if necessary. Remember to make your conversion this year into an empty or...
by earlyout
Fri Oct 06, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 2465

Re: Circumstances in which a freeze needs to be lifted

Your current address is part of your identity so the credit agencies insist that you update your records with your current address. Your current address helps the agencies verify that a credit request is valid. If you apply for a new credit card after you move, would you put your old address or your...
by earlyout
Thu Oct 05, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Capital Gains - 0%
Replies: 6
Views: 676

Re: Long Term Capital Gains - 0%

My apologies, you are correct. LTCG rate is 15%.
by earlyout
Thu Oct 05, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Capital Gains - 0%
Replies: 6
Views: 676

Re: Long Term Capital Gains - 0%

You are essentially correct but lets try to avoid confusion with income tax terms. In this example, your AGI is W2 income + net capital gain (long term and short term) + interest less the adjustment for the amount contributed to your 401K ($52,000 + 2462 + 1000 -11,000 = $44,462). Your Taxable Incom...
by earlyout
Sat Sep 16, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: saving an edited pdf file?
Replies: 14
Views: 697

Re: saving an edited pdf file?

You might want to try to save it with a different name. It may be that you can't overwrite the file sent by Schwab. After you save it you can send it back to Schwab.
by earlyout
Tue Sep 05, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Installing Recessed lighting? Suggestions and cost?
Replies: 7
Views: 598

Re: Installing Recessed lighting? Suggestions and cost?

If there are no ceiling lights now then the electrician will have to add the wiring for the light fixtures and wall switche(s) needed. This may may require cutting considerably more drywall than just the 4 holes in the ceiling. The drywall will then have to be repaired and the walls and ceiling repa...
by earlyout
Fri Sep 01, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Maximum Medical Deduction
Replies: 8
Views: 728

Re: Maximum Medical Deduction

You may also want to do what I've been doing and use the the large LTC expense deduction to convert more of your traditional IRA to Roth. You should be able to convert a fairly large amount at 15% and still stay under the IRMAA threshold. This will reduce my RMDs when I will be filing as a single ta...
by earlyout
Thu Aug 31, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Best practices for moving a family/stuff long distance. Any warnings?
Replies: 29
Views: 1547

Re: Best practices for moving a family/stuff long distance. Any warnings?

It is probably less expensive to move something than it is to replace it. Not if you are ok buying on Craiglist, OfferUp, et al. Bring the essentials, sell the rest. So if we can replace our used stuff with other used stuff, this is probably more cost effective than either a. moving our stuff or b....
by earlyout
Thu Aug 31, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: Best practices for moving a family/stuff long distance. Any warnings?
Replies: 29
Views: 1547

Re: Best practices for moving a family/stuff long distance. Any warnings?

Apparently this is not a corporate move but I would still hire a national moving company and let them pack and unpack for you. Purchase full replacement insurance and have the movers pack and unpack your goods to eliminate the arguments you can't win about who is responsible for damage and the repai...
by earlyout
Fri Aug 25, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 Tax Bill Letter - Please Help
Replies: 32
Views: 2068

Re: IRS CP2000 Tax Bill Letter - Please Help

Any taxes would have been withheld by the firm making the distribution of the 401K which in this case was not Vanguard. It sounds like you instructed Vanguard to add the money to a Roth account and that is what they did.
by earlyout
Thu Aug 03, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow Benefit Question (urgent)
Replies: 27
Views: 2136

Re: Social Security Widow Benefit Question (urgent)

Could this be the result of their respective payment schedules being a couple of weeks apart? Perhaps the first payment was on the surviving spouse's regular Wednesday and the second payment on the deceased spouse's Wednesday?
by earlyout
Mon Jul 31, 2017 5:12 pm
Forum: Personal Consumer Issues
Topic: Dinner plates that do not get so hot after microwaving?
Replies: 37
Views: 3322

Re: Dinner plates that do not get so hot after microwaving?

Paper plates work quite well, they only get hot where the food is. And you don't have to clean them.
by earlyout
Sun Jul 09, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody retired and relocated + bought a new house?
Replies: 26
Views: 2710

Re: Anybody retired and relocated + bought a new house?

The capital gain exclusion for a married couple filing a joint return is $500K ($250 per person) so you should be okay on this. After we retired in 2001 we bought a house in our new retirement city with cash from selling our then current home. Five ears later I was offered a no cost HELOC at a minim...
by earlyout
Sun Jul 02, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to dispute/correct IRS bill
Replies: 18
Views: 1812

Re: Best way to dispute/correct IRS bill

Look at lines 9a and 9b of your 2015 return. Line 9b should be the total of your qualified dividends (based on your comments the IRS accepts that entry). The entry on line 9a should be the total of your qualified dividends (line 9b) and any other dividends you received. Details of dividends received...
by earlyout
Sat Jul 01, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: A plan for retirement withdrawal--opinions, please
Replies: 20
Views: 2247

Re: A plan for retirement withdrawal--opinions, please

Before you get too emotionally invested in a plan for 3 year smoothing of a 5% annual withdrawal you should read about the Variable Percentage Withdrawal scheme developed by a Boglehead. It is explained in the BH Wiki. Go there and search for VPW.
by earlyout
Wed Jun 21, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 31
Views: 3458

Re: Insurance snafu with sewer line break at condo

Your best source of information is your insurance agent. As suggested, ask which insurance company would cover this type of damage and if there are any other coverage gaps between your homeowner's policy and the association's master insurance policy. Also be aware that insurance coverage for this ty...
by earlyout
Tue Jun 20, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Liability with dogs, hypothetical
Replies: 67
Views: 3852

Re: Liability with dogs, hypothetical

We had a relevant incident with our pit mix. A neighbor was on our property after asking permission to join our yardsale. His kid entered our house without permission and came out crying claiming our dog bit him. No witnesses, no history of aggression but there was a small scrape. The father threat...
by earlyout
Thu Jun 15, 2017 3:45 pm
Forum: Forum Issues and Administration
Topic: How do you get this Bogleheads page to go all the way across the screen
Replies: 11
Views: 1474

Re: How do you get this Bogleheads page to go all the way across the screen

Are you asking about changing the font size or changing the location of the line breaks? Ctrl + / Ctrl - change the font size but do not change the line breaks. I do not know of a way to keep the same size font and make each line longer so that you take advantage of a wider screen and have much more...
by earlyout
Thu Jun 15, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: Cataracts & reading glasses
Replies: 31
Views: 2626

Re: Cataracts & reading glasses

It is perfectly reasonable to expect to read without glasses after cataract surgery. I had my second cataract surgery a month ago and the first surgery 6 months ago. After discussion with my ophthalmologist we decided to use the standard (Medicare pays) lenses optimized for an intermediate distance....
by earlyout
Thu Jun 08, 2017 8:05 am
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 4687

Re: Retirees: What are you doing about withdrawing?

For the past 15 years, since I have been retired, my practice has been to replenish the checking account 2-3 times a year as the need arises. One of these times is when I take the RMD from my IRA and all occasions are accompanied by rebalancing to our desired asset allocation. Our expenses vary cons...
by earlyout
Thu Jun 08, 2017 7:48 am
Forum: Personal Consumer Issues
Topic: Medicare Bills
Replies: 2
Views: 378

Re: Medicare Bills

It all depends. Did your start Medicare Part B or just A? Are you receiving Social Security benefits? Medicare Part A is automatic and does not require a premium. It has been paid for with FICA. If you have started Medicare Part B and are receiving Social Security benefits, the premiums will be dedu...
by earlyout
Mon May 29, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Firefox painfully slow
Replies: 34
Views: 4298

Re: Firefox painfully slow

I closed Firefox and restarted but there was no option to revert to old profile. How do I get to the old profile? Open Firefox and type about:profiles in the address bar. That should list both profiles and allow you to switch between them. Using the (normally hidden) Profile Manager used to be much...
by earlyout
Sun May 28, 2017 8:44 pm
Forum: Personal Consumer Issues
Topic: Firefox painfully slow
Replies: 34
Views: 4298

Re: Firefox painfully slow

I closed Firefox and restarted but there was no option to revert to old profile. How do I get to the old profile?
by earlyout
Sun May 28, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: Firefox painfully slow
Replies: 34
Views: 4298

Re: Firefox painfully slow

^ What he said. If you have a lot of extensions, probably best to start FF in Safe Mode first. That temporarily takes all extensions off. Go to Help menu, select Troubleshooting Information and select Try Safe Mode. If that doesn't work, create a new profile. In your address bar, type "about:profil...
by earlyout
Thu May 25, 2017 12:17 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Portland, Oregon
Replies: 125
Views: 35046

Re: Master Thread for Portland, Oregon / Feedback on Advisors

Portland BHs - A friend recently moved to Portland and is looking for an advisor to help him rearrange his investments. I'm trying to help him and I was able to find two firms in Portland listed in Garrett. What feedback/experiences can you provide regarding New Outlook Financial and/or Koch financi...
by earlyout
Wed May 10, 2017 4:16 pm
Forum: Investing - Theory, News & General
Topic: Filling Tax Buckets In Retirement
Replies: 5
Views: 931

Re: Filling Tax Buckets In Retirement

Bogleheads, I am curious about filling tax buckets in retirement and wondering if anyone has any insight. I understand that your taxable income dictates the amount/percentage that you pay in capital gains tax on qualified dividends and sales of shares. However, I am a little unclear on what happens...
by earlyout
Mon May 01, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Missing SS earnings: Royalty
Replies: 6
Views: 645

Re: Missing SS earnings: Royalty

Note that you can only amend returns filed in the last 3 years. If you did not file an extension for 2013, as of April 18 you can only amend your returns for tax years 2014, 2015 and 2016.
by earlyout
Mon Apr 24, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can Power of Attorney override POD designations?
Replies: 12
Views: 1747

Re: Can Power of Attorney override POD designations?

You best do it before you health deteriorates too far or it may be too late. With that said, it's my understanding that most durable POAs give the agent power to do whatever you could do. If you can change the POD clause of your CDs, agents with POA powers could do the same. If you don't trust them...
by earlyout
Thu Apr 20, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can Power of Attorney override POD designations?
Replies: 12
Views: 1747

Re: Can Power of Attorney override POD designations?

You best do it before you health deteriorates too far or it may be too late. With that said, it's my understanding that most durable POAs give the agent power to do whatever you could do. If you can change the POD clause of your CDs, agents with POA powers could do the same. If you don't trust them ...
by earlyout
Tue Apr 18, 2017 9:02 am
Forum: Investing - Theory, News & General
Topic: What is the max SS income you could receive this year?
Replies: 38
Views: 4709

Re: What is the max SS income you could receive this year?

The FRA went up this year so there are fewer months to collect DRCs. This decreases the difference between benefits at FRA and at age 70.
by earlyout
Sun Apr 16, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Amended Return - Late 1099int from hsbc - which forms?
Replies: 5
Views: 266

Re: Amended Return - Late 1099int from hsbc - which forms?

You only need to send the 1040X and the revised Sched B (w/ attachment). No need to send the 1099.
by earlyout
Sat Apr 15, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Cost of Medicare Cataract surgery?
Replies: 20
Views: 2049

Re: Cost of Medicare Cataract surgery?

Almost without exception, Medicare Part B pays 80% of the cost they have negotiated for a medical service. The patient is responsible for the other 20% and this can be covered by supplemental insurance. Cataract surgery provides a good example. Last fall I had cataract surgery on my left eye. The en...
by earlyout
Mon Apr 10, 2017 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Zero-income-year - Roth Conversion or Capital Gains?
Replies: 22
Views: 1289

Re: Zero-income-year - Roth Conversion or Capital Gains?

Sooner or later someone will pay tax on the 401K money and they may pay more than 15%. On the other hand, tax on the capital gain can be avoided by donating the appreciated shares to a charity or via your estate with a stepped up basis. It could also be taken care of with tax loss harvesting in the ...
by earlyout
Sun Mar 26, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: 1040 tax reporting for referral income
Replies: 7
Views: 959

Re: 1040 tax reporting for referral income

Note the last phrase "if from your self-employment activity." This certainly is not a "self employment activity" so this does not apply in the op's case. Have you considered calling it a gift?
by earlyout
Thu Mar 23, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains on real estate?
Replies: 9
Views: 769

Re: Capital Gains on real estate?

They will have closing costs which will increase their basis but then they should try to document how much they spent on capital improvements. Maintenance of the property is just maintenance so money spent on things like a new roof and plumbing repairs do not increase the basis. If they filed for bu...
by earlyout
Mon Mar 20, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Want to buy a used Mini Cooper-> Talk me into it?
Replies: 45
Views: 6180

Re: Want to buy a used Mini Cooper-> Talk me into it?

I bought a 2 year old base model Mini in 2013 and drove it 3 years. No maintenance except a few oil changes at my independent BMW/Mini shop. Got pushed off the road by a garbage truck and the Mini was totaled but no injuries. The Mini was a wonderful car for around the city. A lot of fun to drive, r...
by earlyout
Sun Feb 12, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: When to Convert Multiple IRA to Roths? Before or after retiring?
Replies: 21
Views: 1522

Re: When to Convert Multiple IRA to Roths? Before or after retiring?

Each exemption is $4050... More if 65 or over. I think it is an extra $1050 or something. Actually, it's not anymore. They changed the rules to increase the Standard Deduction for age 65+. But those of us who itemize get nothing extra. So another crude means testing... Don't forget that the thresho...
by earlyout
Sun Feb 12, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Recharacterizing Roth to tIRA...how accurate do you need to be?
Replies: 12
Views: 880

Re: Recharacterizing Roth to tIRA...how accurate do you need to be?

The amount you recharacterize can be less than the amount of the conversion. Partial recharacterizations are very common. Since you apparently converted into an existing Roth leaving a little of the conversion behind in your Roth won't make any difference.
by earlyout
Sun Jan 15, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: wisdom of converting most TIRA to Roth
Replies: 19
Views: 2504

Re: wisdom of converting most TIRA to Roth

Converting everything to a Roth may not be a good idea. LTC expenses, should they be needed by you or by a dependent, are often a tax deductible expense. This expense can be used to offset the taxable income from traditional IRA distributions.
by earlyout
Sat Jan 14, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Value of Traditional to Roth Conversion
Replies: 6
Views: 880

Re: Value of Traditional to Roth Conversion

If you are concerned about taxes, capital gains inside an IRA are not taxed. As mentioned above you can sell inside your IRA, roll over the IRA, and buy the same funds.
by earlyout
Wed Jan 11, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Denied Checking Account by Citibank
Replies: 15
Views: 2734

Re: Denied Checking Account by Citibank

Do you have a credit freeze on your Equifax info? If so, I suggest a temporary lift of that freeze and reapply.
by earlyout
Wed Jan 11, 2017 7:09 am
Forum: Personal Consumer Issues
Topic: VW Diesel Buyback -- how fast?
Replies: 13
Views: 1624

Re: VW Diesel Buyback -- how fast?

I'm just curious, but why is everyone in a hurry to sell their diesel back to VW? If it's for environmental reasons you should be congratulated. I drive very little and like the idea of driving a non-depreciating asset for as long as I can before I turn it in. The offer is good for another 18 months...