Search found 175 matches

by increment
Thu Oct 17, 2019 11:34 pm
Forum: Personal Investments
Topic: Sold for a Loss. What to expect, 1099 wise
Replies: 3
Views: 380

Re: Sold for a Loss. What to expect, 1099 wise

Have you ever sold for a gain ? The brokerage paperwork is just the same. Around late January 2020 your broker will issue a 1099-B, which says that you sold 600 GE on September XX. 2009 was a long time ago, before brokerages were required to keep track of basis (which represents the purchase price)....
by increment
Thu Oct 17, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Disbursing Funds From Account After Death of Grandparent
Replies: 6
Views: 961

Re: Disbursing Funds From Account After Death of Grandparent

You want her to grant Durable Power of Attorney over each account to you, instead of putting you in some role that might be interpreted as ownership. Then it will be completely clear that she, not you, is sole owner of the account. (1) Each bank/financial institution will have its own paperwork to a...
by increment
Tue Oct 15, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: I thought Pyrex glass food storage containers were supposed to be durable?
Replies: 35
Views: 3570

Re: I thought Pyrex glass food storage containers were supposed to be durable?

batpot wrote:
Tue Oct 15, 2019 10:59 am
Not true. Correlle plates from the 70s; still use these daily; expect to pass them on to our toddler children :D :
Corelle also is made from tempered glass, and so can shatter in surprising ways.
by increment
Mon Oct 14, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: I thought Pyrex glass food storage containers were supposed to be durable?
Replies: 35
Views: 3570

Re: I thought Pyrex glass food storage containers were supposed to be durable?

Trader Joe wrote:
Mon Oct 14, 2019 6:41 pm
I have never heard of anyone using any pyrex item for "food storage".
"Pyrex 18-Piece Simply Store Food Storage Set" is the top choice for glass food storage at Wirecutter, so it can't be too unusual. (Their article has a section "Why is my tempered glassware spontaneously shattering?")
by increment
Mon Oct 14, 2019 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Donating Home
Replies: 7
Views: 1019

Re: Donating Home

When itemizing is there a limit on how large your non-cash donations can be in 1 year. My research is turning up 60% of your AGI. IRS Publication 526 seems to say that the limit is 50% (or less). It looks like there is the possibility of carrying over any excess to future years (if you itemize then).
by increment
Sat Oct 12, 2019 7:21 pm
Forum: Personal Consumer Issues
Topic: Car renting
Replies: 29
Views: 2241

Re: Car renting

When my wife recently rented a car off airport in Phoenix, the rate was significantly low[er] than at the airport. More than paid for the Lyft RT to/from the airport. If you happen to be visiting friends or relatives, then transportation to an off-airport rental maybe very easy. Christopher Elliott...
by increment
Thu Oct 10, 2019 2:19 pm
Forum: Personal Investments
Topic: Capital Gains on Sale of Land
Replies: 9
Views: 723

Re: Capital Gains on Sale of Land

If you want to pay less tax, you want to reduce the taxable gain by increasing the basis, not subtracting from it. Certain improvements can increase the basis, but not if they are just "maintenance". (Your challenge is to tell the difference ...)
by increment
Wed Oct 09, 2019 10:17 am
Forum: Personal Investments
Topic: Where Does the Dividend Go?
Replies: 9
Views: 1318

Re: Where Does the Dividend Go?

bloom2708 wrote:
Wed Oct 09, 2019 10:14 am
If you sell, that means someone else bought the shares.

The new owner of the shares on the ex dividend date gets the dividend.
And presumably the new owner should have been willing to pay a little more for the shares on the expectation of that dividend.
by increment
Sat Oct 05, 2019 9:44 pm
Forum: Personal Consumer Issues
Topic: Document Storage: what format? (paper, fiche, scan,..?)
Replies: 43
Views: 3501

Re: Document Storage: what format? (paper, fiche, scan,..?)

I don't understand what a person would need for financial accounts. Any legit bank, brokerage, credit card issuer, etc. makes a number of years worth of statements available on line and I don't know why I would ever need an older one. Schwab and Fidelity have only ten years' worth of statements ava...
by increment
Sat Oct 05, 2019 9:24 pm
Forum: Personal Investments
Topic: Non IRA and 529 Account transfers
Replies: 3
Views: 200

Re: Non IRA and 529 Account transfers

one is a non IRA (just a normal taxable account all in the New Perspective Fund-A) [...]. Is it possible to transfer over the individual account to my Roth IRA? You can transfer investment assets into a Roth IRA only from other tax-advantaged accounts , not from a normal "taxable" account. Otherwis...
by increment
Fri Oct 04, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: gifting
Replies: 30
Views: 1955

Re: gifting

Just a question, if you gift the full amount of 11 million, what happens when the estate amount decreases and then you die? If you are asking "what happens if the $11 million asset that you gave away is no longer worth $11 million?", the answer is "nothing". It is not part of your estate (presumabl...
by increment
Fri Oct 04, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 3508

Re: Retirees: How do you handle quarterly tax payments?

This year I plan on using EFTPS with money from a non-retirement account. What kind of documentation will I receive to input taxes paid when I do my taxes? I believe that you don't get anything, but you can sign in to your EFTPS account and look at the transaction history to see what you should ent...
by increment
Tue Oct 01, 2019 10:31 am
Forum: Personal Investments
Topic: Vanguard Funds not Held in Brokerage Account--SIPC
Replies: 3
Views: 314

Re: Vanguard Funds not Held in Brokerage Account--SIPC

A brokerage functions as a third party between the investor and the investment. As I understand it, the SIPC is protecting you against one particular risk: the brokerage has credited you with some asset, but for whatever reason they failed to actually buy and hold it for you. In the case of mutual f...
by increment
Fri Sep 27, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: Fidelity - No fiduciary policy?
Replies: 16
Views: 1085

Re: Fidelity - No fiduciary policy?

The[re] are issues with acting like a fiduciary. Once you announce that you are acting like a fiduciary you have to act like a fiduciary. If you are a fiduciary and you call saying you want to purchase fund X, you just can't let the client purchase fund X. You have to figure out how that purchase f...
by increment
Thu Sep 26, 2019 2:36 pm
Forum: Personal Investments
Topic: Easiest way to split inherited stock with two siblings
Replies: 38
Views: 2075

Re: Easiest way to split inherited stock with two siblings

If the shares are transferred from you rather than the executor, then your siblings will also be responsible for paying the gift tax if the gifts are in excess of $15000 each (they would be considered gifts from you because you are not the executor). Isn't gift tax always the responsibility of the ...
by increment
Fri Sep 20, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents in assisted living with new high costs; seeking advice
Replies: 27
Views: 3417

Re: Elderly parents in assisted living with new high costs; seeking advice

can her need of personal aides (not medical professionals) be considered a medical expense/deduction? The facility would not allow her to stay without them and maybe her doctor would sign off on it. Not sure. We have done it for my father's income taxes, but there are Rules. You need to have an app...
by increment
Thu Sep 19, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents in assisted living with new high costs; seeking advice
Replies: 27
Views: 3417

Re: Elderly parents in assisted living with new high costs; seeking advice

Hospice will be approved by the doctor if the life expectancy is around 6 months, but once approved people can remain in hospice indefinitely. Approval comes from the hospice's staff, not your own doctor. And then remaining in hospice requires periodic recertification from the staff that life expec...
by increment
Tue Sep 17, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: "End of Life" Issues
Replies: 30
Views: 3128

Re: "End of Life" Issues

For my father, "assisted living" is primarily a residential institution, not a medical one. So any time a medical situation threatens to exceed their limited capabilities, their unbending procedure is to send residents to the emergency room. Even if, in some cases, they are under the care of hospice...
by increment
Fri Sep 13, 2019 8:24 pm
Forum: Personal Consumer Issues
Topic: Laptop for aging parents
Replies: 43
Views: 2627

Re: Laptop for aging parents

The amount of transfer is determined by how much they use it and what content they consume. The right question is “is 5 to 10 gb enough for the way they will use it?” Some transfer will be required for system updates. When I had a chromebook, these downloads were automatic and not optional. (Is tha...
by increment
Fri Sep 13, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis for Inherited Shares
Replies: 11
Views: 856

Re: Cost Basis for Inherited Shares

First, although one hopes that the basis will be stepped up , the law actually says that the basis is changed at the date of death, even if that results in a step down . Second, for tax-reporting purposes, I believe that the basis adjustment is not optional. It takes effect whether or not you ask yo...
by increment
Tue Sep 10, 2019 2:26 pm
Forum: Personal Investments
Topic: Giving stock shares to daughters, stock not traded.
Replies: 24
Views: 1283

Re: Giving stock shares to daughters, stock not traded.

RetiredArtist wrote:
Tue Sep 10, 2019 2:20 pm
It seems illogical that in the case of a gift, capital gain travels with the gift, but capital loss goes away.
You may find it illogical, but it is trivial to ensure that the capital loss does not go away. (Giver realizes capital loss, then gives cash with instructions to repurchase the asset.)
by increment
Tue Sep 10, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to talk my elderly parents into seeing an elder lawyer.
Replies: 17
Views: 2088

Re: Trying to talk my elderly parents into seeing an elder lawyer.

I believe that typically trusts, etc., of this type are specifically intended to prevent people from being able to spend their money on their own care. That is how people get the taxpayers to contribute. If your parents don't have other estate-planning documents, particularly power of attorney for p...
by increment
Fri Sep 06, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dimishing value help!
Replies: 21
Views: 1277

Re: Dimishing value help!

The issue of who is at fault at the accident will be difficult to sort out. If the driver entered the intersection before the light turned red, your wife would be at fault. Even if your wife has a green light, she is required to not enter the intersection until all other vehicles have cleared. If t...
by increment
Fri Sep 06, 2019 11:45 am
Forum: Personal Consumer Issues
Topic: First-hand experiences with United Basic Economy for families?
Replies: 180
Views: 7299

Re: First-hand experiences with United Basic Economy for families?

Or there is a plane emergency? Etc. A young child is not equipped to effectively deal with these situations we often read about. In case of an emergency evacuation, please do not endanger other passengers by heading backwards against the flow of evacuees in order to reach your small children who ha...
by increment
Fri Sep 06, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Are you thinking about having a home healthcare aide instead of moving to a retirement home?
Replies: 33
Views: 2475

Re: Are you thinking about having a home healthcare aide instead of moving to a retirement home?

Note also a common scenario -- somebody is pretty independent, then they fall and need extra help for a few weeks. A good facility can generally turn on/off the extra help. Or you move in, don't need help for a year or two, then have to start paying for extra help. It is understandable (from their ...
by increment
Thu Sep 05, 2019 9:08 am
Forum: Personal Investments
Topic: Capital gains and a will question.
Replies: 3
Views: 291

Re: Capital gains and a will question.

In the case of receiving a gift from a living person (that is, not an inheritance), tax will be due on the capital gain when the asset is sold (and not when the gift merely happens). Note that individual companies might be acquired or undergo other corporate transactions, and you may not be able to ...
by increment
Wed Sep 04, 2019 7:54 pm
Forum: Personal Consumer Issues
Topic: First-hand experiences with United Basic Economy for families?
Replies: 180
Views: 7299

Re: First-hand experiences with United Basic Economy for families?

Perhaps, but there will be some procedures that the crew and gate personal are supposed to follow in this situations. Once you're at the airport, though, if you are too insistent that you know company procedures better than they do, they may just demand that you follow flight crew orders as a matte...
by increment
Sat Aug 24, 2019 1:30 pm
Forum: Investing - Theory, News & General
Topic: Help me understand stock dividend yield
Replies: 19
Views: 1315

Re: Help me understand stock dividend yield

What was ATT’s stock price in Jan 2002? what was the annual dividend between 2002 and 2019? (it went up every single year). For the telecom companies, you can't just compare the per-share price from year to year. In late 2002 the company called "AT&T" (stock symbol T) spun off broadband assets (63%...
by increment
Wed Aug 21, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Have you ever used a Power of Attorney for Health Care or Property (Financial) ? Tell me about it!
Replies: 23
Views: 1303

Re: Have you ever used a Power of Attorney for Health Care or Property (Financial) ? Tell me about it!

How long does that take before you can make use of it? Does it take a day, a week, same day? Share your experiences with me. My retired father worked for county and state government. It took around five minutes for the county retirement office to decide that I could use the financial Power. The sta...
by increment
Wed Aug 14, 2019 10:45 pm
Forum: Personal Investments
Topic: Investing Father's Assets Who Is In Nursing Home (POA)
Replies: 68
Views: 4548

Re: Investing Father's Assets Who Is In Nursing Home (POA)

I guess I need to learn more about this irrevocable trust because I don't understand how I don't truly inherit the assets. At the beginning you wrote, "After the 5 years are up and my sister and I inherited the trust money ...", presumably with your father still alive. This seems more like "receivi...
by increment
Wed Aug 14, 2019 9:44 pm
Forum: Personal Investments
Topic: Investing Father's Assets Who Is In Nursing Home (POA)
Replies: 68
Views: 4548

Re: Investing Father's Assets Who Is In Nursing Home (POA)

For example, he doesn't even know he is in an alzheimer's facility even though there are brochures and signs saying that's where he is at. He has pretty severe memory issues. If he is so impaired, is he today capable of choosing to irrevocably give away a large amount of assets? If you are doing it...
by increment
Mon Aug 12, 2019 1:21 pm
Forum: Personal Investments
Topic: does my dad need bonds as part of drawdown allocation?
Replies: 8
Views: 470

Re: does my dad need bonds as part of drawdown allocation?

RadAudit wrote:
Mon Aug 12, 2019 12:13 pm
BeerTooth wrote:
Mon Aug 12, 2019 11:47 am
C. next bear market will be no worse than 1929, which lasted 2.8 years
Perhaps technically true. When did the price of stocks recover to pre-crash levels?
Around 20 years later.
by increment
Fri Aug 02, 2019 8:02 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8685

Re: Does it bug anyone else that Vanguard only has money market for cash?

I would not be at all concerned about this with Vanguard's Federal MM fund since it ultimately has the same backing as the FDIC: the full faith and credit of the US Government. If the Treasury is defaulting on T-Bills there's no reason to believe FDIC-insured deposits are any safer If you want a Tr...
by increment
Tue Jul 23, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid home nursing coverage at end of life
Replies: 24
Views: 1761

Re: Medicaid home nursing coverage at end of life

delamer wrote:
Tue Jul 23, 2019 6:32 pm
Here is some information on hospice care under Medicare: https://www.medicare.gov/coverage/hospice-care
Hospice is not going to provide full-time caregiving.
by increment
Thu Jul 18, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Step up basis / joint property questions...
Replies: 7
Views: 994

Re: Step up basis / joint property questions...

dcdowden wrote:
Thu Jul 18, 2019 4:34 pm
Did I screw up by not insisting on that at the time
Can't you just keep your own basis records (as the taxpayer is responsible for submitting the correct figures anyway), and enter the appropriate adjustment when filling out Form 8949?
by increment
Thu Jul 18, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Step up basis / joint property questions...
Replies: 7
Views: 994

Re: Step up basis / joint property questions...

what if they (in-kind) transfer the entire account to him with the wife as the primary beneficiary? Spouses have an unlimited exemption for the federal unified gift/estate tax – so it’s not a taxable event. Then when the husband dies the entire $2 million goes to the wife with a stepped up basis. T...
by increment
Sun Jul 14, 2019 3:30 pm
Forum: Personal Investments
Topic: Passive vs active for parent's retirement
Replies: 19
Views: 1603

Re: Passive vs active for parent's retirement

I am meeting with a financial advisor with Edward Jones on Wednesday. He's actually a family friend who can offer a friends/family discount for his services (0.15% for passive and 1.08% for active). This forum seems to follow the belief that active fund managers rarely outperform low cost index fun...
by increment
Sun Jul 07, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial for future son-in-law - RESOLVED
Replies: 46
Views: 2706

Re: Prenuptial for future son-in-law

Everything is perfect but we don’t want to be stupid about the $300,000 debt gorilla. It sounds like your problem is that you don't want to feel stupid. To me this sounds like what (in tech only?) they call " the XY Problem ": "The XY problem is asking about your attempted solution rather than your...
by increment
Tue Jul 02, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7733

Re: Healthcare Nightmare after wife's surgery

The New York Times had an article about this phenomenon that stuck in my mind. (It looks like it was from five years ago!)
He was blindsided, though, by a bill of about $117,000 from an “assistant surgeon,” a Queens-based neurosurgeon whom Mr. Drier did not recall meeting.
by increment
Mon Jun 24, 2019 11:13 pm
Forum: Personal Investments
Topic: Donate stock
Replies: 13
Views: 880

Re: Donate stock

mchampse wrote:
Mon Jun 24, 2019 10:57 pm
Does it matter if the shares qualify for short or long term gain?
Yes, it matters. In the short-term case, typically you can deduct the basis but not the gain.
by increment
Sun Jun 23, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Card - Binding arbitration opt-out?
Replies: 43
Views: 4019

Re: Credit Card and forced Arbitration

Write a letter to JP Morgan Chase denying the arbitration clause, after which, my card will be terminated I don't believe that they are obligated to offer an opt-out provision. Apparently some companies do, because then after the opt-out period they have grounds to argue that you willingly consente...
by increment
Sat Jun 22, 2019 12:26 pm
Forum: Personal Investments
Topic: Tax planning: implications of Muni Fund (VWITX)
Replies: 7
Views: 1046

Re: Tax planning: implications of Muni Fund (VWITX)

CoastalWinds wrote:
Sat Jun 22, 2019 10:51 am
3. Are there any AMT implications of VWITX?
Some municipal bonds are AMT-free and some ("private activity") are AMT taxable. You might like to consult the Vanguard page titled Your Vanguard tax-exempt investments and AMT.
by increment
Sat Jun 22, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Estimating long term capital gains for mutual fund
Replies: 10
Views: 1061

Re: Estimating long term capital gains for mutual fund

sperry8 wrote:
Fri Jun 21, 2019 12:26 pm
2- I realize the #'s shown are a moving target... but we must assume they can only go up from here, correct?
No, some of the holdings could have gone down, and those capital losses can become realized to offset capital gains.
by increment
Fri Jun 21, 2019 11:59 am
Forum: Personal Investments
Topic: Extremely Basic Questions for Temporary Investment (VUSXX)
Replies: 9
Views: 738

Re: Extremely Basic Questions for Temporary Investment (VUSXX)

sport wrote:
Fri Jun 21, 2019 11:48 am
I hope Chase doesn't charge you a fee for making that purchase.
And again for placing the sell order in the future.
by increment
Wed Jun 19, 2019 7:12 pm
Forum: Personal Investments
Topic: What are you suppose to do with money earned from dividends?
Replies: 10
Views: 1802

Re: What are you suppose to do with money earned from dividends?

("Sweep in" means that it's an automatic purchase of something. Otherwise the money would just be left as cash.) The $42.31 is already in your Roth IRA. So (1) you are allowed to use it to purchase more stuff inside the IRA without consideration of how much you have contributed earlier this year, an...
by increment
Wed Jun 19, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: Recent Brokered CDs In Vanguard Account List Value Below Par
Replies: 7
Views: 750

Re: Recent Brokered CDs In Vanguard Account List Value Below Par

Possibly the market for brokered CDs is not very large, except for new issues, and so sellers have to put their wares out at a discount. (After all, why did you choose to buy at issue instead of on the secondary market?)
by increment
Sun Jun 16, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: calculating capital gains on child asset
Replies: 8
Views: 689

Re: calculating capital gains on child asset

I will likely sell the stock in three events. [...] I think that I have two choices: 1. Use an average cost basis as (initial investment + sum of dividends)/number of existing shares. Sell in three lots with this same average basis. I believe that you are not allowed to use an average basis for sto...
by increment
Sun Jun 16, 2019 9:31 am
Forum: Personal Consumer Issues
Topic: Alternative to US Postal (USPS) for Mail Delivery of Checks
Replies: 7
Views: 549

Re: Alternative to US Postal (USPS) for Mail Delivery of Checks

Not sure how or why the USPS misdelivers this mail. Most of this misdelivered mail is NOT handwritten. It is typed in clearly legible print and includes the proper address down to the 5 digit zip code with the 4 digit extention for delivery route (total of 9 digits)? [...] Other people, who have pr...
by increment
Sat Jun 15, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: calculating capital gains on child asset
Replies: 8
Views: 689

Re: calculating capital gains on child asset

My attempt to calculate total gain breaks out each event (dividend and split) separately. I used the closing quote for the day to calculate the capital gain to today's quote, multiplied by the number of shares in the lot, for each new stock lot. I come up with $10365 capital gain for the original s...
by increment
Fri Jun 07, 2019 4:22 pm
Forum: Personal Consumer Issues
Topic: Alternative to USPS
Replies: 22
Views: 1890

Re: Alternative to USPS

Neither does FedEx, but what they do is use something called SmartPost, in which USPS does the final mile delivery. I believe that SmartPost is separate service from FedEx's regular services. UPS has a similar program called Mail innovations ; it may not be available to regular consumers. Note that...