Search found 1310 matches

by earlyout
Mon Jan 08, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: Roth conversions after start of SS benefits for low expense couples [2018 version]
Replies: 14
Views: 972

Re: Roth conversions after start of SS benefits for low expense couples [2018 version]

Will the Roth conversions increase the amount of SS that is taxed? You may have to adjust the size of the Roth conversion to avoid all taxes.
by earlyout
Tue Jan 02, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Switching power of attorney
Replies: 19
Views: 715

Re: Switching power of attorney

Okay. Does your state require separate documents or can they be combined? Oftentimes the agent named in one's healthcare POA is not the same person as the agent named in the financial POA.
by earlyout
Tue Jan 02, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Switching power of attorney
Replies: 19
Views: 715

Re: Switching power of attorney

Whichever you chose to do, he will have to sign it in front of a notary. So make sure your brother understands what is happening beforehand and has a photo ID. Another place you might want to check to see if you were already designated as a back-up is to call his primary care doctor who should have...
by earlyout
Sun Dec 31, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Making Roth Conversion Today - how will it be treated?
Replies: 30
Views: 1554

Re: Making Roth Conversion Today - how will it be treated?

Given that the recharacterization is going away, any thoughts on a strategy to better predict what the year end distributions will be, given that some will be declared on the last day of trading? Estimate as close as you can as late in the year as possible. Then don't worry about a $1,000 shortfall...
by earlyout
Sat Dec 30, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should those who prepaid property tax, get a refund?
Replies: 5
Views: 793

Re: Should those who prepaid property tax, get a refund?

Did the assessment have a date on it? The assessment you found online is probably the 2017 assessment which was used to create this years tax bill. As the lady implied, your property will be reassessed in 2018 and that will be the basis of you tax bill for 2018. Just because you see an assessment on...
by earlyout
Sun Dec 24, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Cliff dwellers: Don't forget to increase taxable dividend income by foreign taxes paid
Replies: 22
Views: 2255

Re: Cliff dwellers: Don't forget to increase taxable dividend income by foreign taxes paid

In this regard, how can I get a good estimate of the capital gain distributions that will be paid by VTI and IJS? Also, is there a date associated with payment of capital gain distributions or can I assume it is a fixed percentage of the quarterly dividends? Since it has been a boom year for equitie...
by earlyout
Tue Dec 12, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Relo Expenses Tax Question for remote
Replies: 3
Views: 366

Re: Relo Expenses Tax Question for remote

Life is all about choices.

Suggest you post your question on the Fairmark forum at fairmark.com. Fairmark is a tax forum and you can usually get good answers fairly quickly.
by earlyout
Tue Dec 12, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare coverage process for new and rare treatment
Replies: 7
Views: 693

Re: Medicare coverage process for new and rare treatment

Suggest you first call Medicare and talk to them about whether or not they pay for the procedure and how much they pay. If they do, your second call is to the provider for this procedure to find out if they accept Medicare assignment for the procedure. Also ask if the auxiliary providers -- hospital...
by earlyout
Tue Dec 12, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Relo Expenses Tax Question for remote
Replies: 3
Views: 366

Re: Relo Expenses Tax Question for remote

Get married by the end of the year and the problem goes away.
by earlyout
Sat Nov 25, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: bitcoin mining profits tax treatment?
Replies: 6
Views: 846

Re: bitcoin mining profits tax treatment?

Have you converted the bitcoin to dollars or is this a "paper" profit? If you haven't converted the bitcoin there may be no tax consequences (yet).
by earlyout
Sun Nov 05, 2017 8:07 am
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 263
Views: 31578

Re: Excel Macro using Yahoo Finance- not working

I've used Excel to pull prices of my portfolio holdings for several years. When Yahoo changed their calling sequence last spring I modified my portfolio program based on Gummy's calling sequence to use the Excel routines for Yahoo data provided by XLAutomation. (Please read past the first page since...
by earlyout
Fri Nov 03, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: Withdrawing cash from ATM in Ireland this morning
Replies: 13
Views: 1404

Re: Withdrawing cash from ATM in Ireland this morning

Thanks all for the feedback! I just called Wells Fargo and they said that they had observed the cash withdrawal attempt earlier and flagged it because it was over the limit. I am all set now. Thanks! You might want turn on alerts in your Wells Fargo account. Wells Fargo is pretty good at sending em...
by earlyout
Sat Oct 21, 2017 7:23 pm
Forum: Personal Consumer Issues
Topic: Water damage from upstairs neighbor - insurance, subrogation, other recourse?
Replies: 36
Views: 3101

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: 5751

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: 3782

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: 1174

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: 816

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: 1174

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: 1174

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: 1829

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: 462

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: 2864

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: 779

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: 779

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: 825

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: 645

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: 822

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: 1675

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: 1675

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: 2382

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: 2328

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: 5171

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: 2842

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: 1909

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: 2420

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: 3826

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: 4315

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: 1726

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: 3012

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: 5097

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: 473

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: 4696

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: 4696

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: 4696

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: 126
Views: 36378

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: 970

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: 705

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: 1885

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: 1885

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: 4970

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.