Search found 1332 matches

by earlyout
Thu Apr 19, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Master Bath remodel price?
Replies: 27
Views: 2415

Re: Master Bath remodel price?

Price is on the high side IMO for 130 sf bath but a lot depends on the quality of the tile, cabinetry and fixtures you plan to use. Moving the toilet is a major expense and may involve taking down (and later repairing) the ceiling below the bathroom to rearrange the plumbing.
by earlyout
Mon Apr 16, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Can I *not* claim all the state tax in my itemized deduction?
Replies: 39
Views: 4036

Re: Can I *not* claim all the state tax in my itemized deduction?

Okay so you don't include the excess on Schedule A. The state already has the money and your state return will include the amount w/h for state taxes which is more than the tax owed. You will get a refund and a 1099-G. It is the 1099-G that makes it reportable income.
by earlyout
Sat Apr 14, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: What percentage of you 2017 income can you account for?
Replies: 49
Views: 3273

Re: What percentage of you 2017 income can you account for?

Also track expenditures with Quicken. Cash, credit card and check outlay is all entered and categorized. Less than 0.5% in a misc. category.
by earlyout
Fri Apr 13, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 382

Re: Federal Tax Credit If Filing After Apr 17

I googled this situation and TurboTax indicates it is applied to your first quarter estimate. Entering it on Form 2210 as being paid in the first quarter should be the correct thing to do. IIRC that is the earliest date that can be used on Form 2210. https://ttlc.intuit.com/questions/1901277-how-do-...
by earlyout
Fri Apr 13, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Credit If Filing After Apr 17
Replies: 10
Views: 382

Re: Federal Tax Credit If Filimg After Apr 17

I'm not certain what you are asking. Do you want the IRS to hold your refund and apply it your taxes for 2018 income? If so, I think the IRS would consider it paid on the date you file your taxes. Until you actually file, the IRS does not know the exact amount of your refund.
by earlyout
Fri Mar 30, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Medicare - now or later?
Replies: 20
Views: 1605

Re: Applying for Medicare - now or later?

Suggest you talk to your benefits people in HR and make certain that your employee health plan does not require you to start Medicare Parts A & B at age 65. Many corporate health insurance plans require this and the employee plan is then your secondary/supplemental health insurer.
by earlyout
Sun Mar 25, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage and nursing home expenses
Replies: 15
Views: 1061

Re: Reverse Mortgage and nursing home expenses

I would strongly encourage you and your mother to meet with a competent elder law attorney to discuss her finances and to start planning on how to pay for her future care if and when needed. He should be able to answer your questions regarding qualifying for Medicaid assistance and provide informati...
by earlyout
Mon Mar 19, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Advance on Credit Card for $3K Car
Replies: 43
Views: 2492

Re: Cash Advance on Credit Car for $3K Car

I spoke with a local banker about small car loans / personal loans with a low monthly payment. I am in the process of buying my first car for under 3K. He advised me to go with a a 0%APR for 12 months credit card with no cash advance fees (he was not selling this-- they did not offer one). I have f...
by earlyout
Fri Mar 16, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Need for Medicare supplemental plan?
Replies: 150
Views: 7735

Re: Need for Medicare supplemental plan?

Isn't it obvious that supplemental health insurance has to be losing proposition for the average individual? (Unless you need it of course.) Supplemental insurance is a commercial product and the insurance companies would not sell it unless they could make a profit. I can't self insure for a catastr...
by earlyout
Sun Mar 11, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Huge special assessment on Condo?
Replies: 60
Views: 5944

Re: Huge special assessment on Condo?

Having lived in condominiums for 30 of the past 40 years, I would walk away from any building that was 40% rental. The goals of absentee owners and resident owners are usually not the same and any repairs or improvements would become a major issue. With 40% of the units rented, 85% of the resident o...
by earlyout
Sat Mar 10, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Rent Vs. Buy Spreadsheet
Replies: 1
Views: 359

Re: Rent Vs. Buy Spreadsheet

Have you checked the NY TImes Rent vs. Buy calculator at their website? It is usually revised as needed to reflect current law but I do not know if it has been updated for the recent changes in federal income tax rules.
by earlyout
Sat Mar 10, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question on IRA deduction.
Replies: 5
Views: 391

Re: Tax question on IRA deduction.

No, you can only get credit for what you contribute to your IRA.
by earlyout
Sun Mar 04, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to recover 2016 income tax inappropriately withheld?
Replies: 7
Views: 354

Re: How to recover 2016 income tax inappropriately withheld?

Did your mother report the $5000 income and the $1000 income tax withheld on her income tax return for TY2016? If she did, there is no $1000 to recover since it was taken care of in that return. If she did not include them, she will need to file an amended return for 2016 and include the income and/...
by earlyout
Fri Feb 23, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 5657

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

Besides the POA for healthcare you might want to discuss and document how you would like to be taken care of as your dementia progresses. Guides for such end-of-life discussions are available -- "The Conversation Project" (use Google) and www.dementia-directive.org. I am not affiliated with either b...
by earlyout
Tue Feb 20, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Capital Gains for two states
Replies: 3
Views: 313

Re: Capital Gains for two states

You should also study the instructions for the state income tax returns. Different states may not treat capital gain the same.
by earlyout
Tue Feb 13, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Question for TaxAide Volunteers
Replies: 10
Views: 864

Re: Question for TaxAide Volunteers

When I was preparing the return for a Tax-Aide client yesterday it was a pleasant surprise to have carryover data from his last year's Tax-Aide return. The return from last year had not been done at our site but was from a different district in the same state. I was also surprised when there was no ...
by earlyout
Sat Feb 10, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Playing with Excel Pie Charts: Asset Allocation Visualizer
Replies: 19
Views: 2422

Re: Playing with Excel Pie Charts: Asset Allocation Visualizer

[/quote] You might consider a slice for cash.. retired people can easily keep a meaningful slice of cash, money market & cash like CD's. [/quote] We often talk about AA as a simple ratio of fixed income and equities -- 60/40, 50/50 etc. Since there is an extra ring for the bond sector why not use "F...
by earlyout
Tue Jan 30, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone negotiated a medical bill to see a specialist?
Replies: 19
Views: 1601

Re: Has anyone negotiated a medical bill to see a specialist?

The op states the specialist will take insurance so the first thing to do is to check if the specialist will take the op's insurance. If so, the op should pay his copay at the time of the visit and have the specialist submit the remaining amount to the insurance company. After the op receives the EO...
by earlyout
Mon Jan 29, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: 1099R error?
Replies: 6
Views: 486

Re: 1099R error?

I completed a return yesterday with a code 2 1099R distribution for converting a Vanguard traditional IRA to Roth. TurboTax handled it correctly by including the distribution in taxable income and not including a penalty for early withdrawal.
by earlyout
Thu Jan 25, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: Bait-and-switch pricing. Where can I file complaint?
Replies: 17
Views: 2265

Re: Bait-and-switch pricing. Where can I file complaint?

You might want call Clark Howard's help line to get some advice with this problem. They handle a lot of travel questions. From Google: "Clark’s FREE call-in help line is here to provide you with personal consumer advice and problem resolution. Call the Consumer Action Center at 404-892-8227, Monday-...
by earlyout
Tue Jan 23, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Family dilemma involving wills/trusts
Replies: 24
Views: 2629

Re: Family dilemma involving wills/trusts

If you want to sever the relationship with your brother you will need to see an elder law attorney and ask about obtaining guardianship of your mother. It can be a messy process.
by earlyout
Thu Jan 18, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: CPA says home sale capital gains tax exclusion criteria changed for 2018?
Replies: 13
Views: 1533

Re: CPA says home sale capital gains tax exclusion criteria changed for 2018?

The 5 of 8 year idea was talked about but is not part of the new law. It is still 2 of 5. See -- https://www.washingtonpost.com/news/where-we-live/wp/2017/12/20/how-the-tax-bill-impacts-homeowners-buyers-and-sellers/?utm_term=.be958004dce0 or https://wtop.com/business-finance/2018/01/what-the-new-ta...
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: 1235

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: 821

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: 821

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: 1688

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: 871

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: 2397

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: 411

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: 749

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: 411

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: 910

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: 283
Views: 41736

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: 1479

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: 3617

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: 5950

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: 3932

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: 1288

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: 968

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: 1288

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: 1288

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: 1946

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: 506

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: 3190

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: 862

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: 862

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: 889

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: 710

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: 919

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: 1875

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....