Search found 340 matches

by boomer_techie
Sun Jun 14, 2020 4:55 am
Forum: Personal Finance (Not Investing)
Topic: So Are Home Renovations Worth It (Financially) Or Not?
Replies: 105
Views: 7398

Re: So Are Home Renovations Worth It (Financially) Or Not?

A distressed property is in the category of "won't sell". Therefore, renovations will increase the value of the house more than the cost. Also, since renovations are mostly comprised of labor costs, since the flipper is doing the work themselves, their labor isn't added into the cost. A successful ...
by boomer_techie
Sat Jun 06, 2020 9:39 am
Forum: Personal Investments
Topic: SPY/VOO Qualified or Unqualified dividends?
Replies: 2
Views: 270

Re: SPY/VOO Qualified or Unqualified dividends?

anon_investor wrote:
Thu Jun 04, 2020 11:43 am
At least for the last few years VOO has paid out 100% qualified dividends.
SPY has also been 100% qualified. (At least for 2019.)
by boomer_techie
Sat Jun 06, 2020 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax Credit
Replies: 32
Views: 1921

Re: Foreign Tax Credit

Why not? It would seem logical that a fund selling a foreign stock on a foreign market would be foreign income, and may be taxed by that country. Lets say you sold some Nokia stock on some exchange someplace that handles it. The exchange between stock and cash itself is not income - it is just an e...
by boomer_techie
Thu Jun 04, 2020 5:59 am
Forum: Personal Investments
Topic: How to apply capital gains with W2 income
Replies: 18
Views: 1150

Re: How to apply capital gains with W2 income

Hi boomer_techie, please humor me as I am anything but a techie. Are you saying that the on-line calculator would also compute the "tax owed" figure of 8965 (rather than 8968) if the formulas were updated? My spreadsheet comes up with $8968. The $78000 gets bumped up to $78025 - the middle of that ...
by boomer_techie
Thu Jun 04, 2020 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Foreign Tax Credit
Replies: 32
Views: 1921

Re: Foreign Tax Credit

There was a capital gains distribution paid out. Would't there be foreign tax paid on that distribution? A capital gains distribution arises from transactions that a fund makes. These are not foreign income. For example, selling an Australian stock at a profit is not foreign income. One the other h...
by boomer_techie
Thu Jun 04, 2020 5:14 am
Forum: Personal Consumer Issues
Topic: Real estate/home sale commission fee question
Replies: 12
Views: 1045

Re: Real estate/home sale commission fee question

mogg wrote:
Tue Jun 02, 2020 8:28 pm
The buyer pays a lower price. Win for him/her.
If this is in an area where property taxes are set by the selling price:

The buyer will pay lower property taxes year after year. Win!

The buyer, in the future, may pay more capital gains when they sell the house. Lose.
by boomer_techie
Wed Jun 03, 2020 5:56 am
Forum: Personal Investments
Topic: How to apply capital gains with W2 income
Replies: 18
Views: 1150

Re: How to apply capital gains with W2 income

very close to mortgage calculator 1040 result of 8968. Don't know if the difference is that the calculator is using the tax table (discrete values) for income < 100K vs your tax rate schedule (analog formulas). Was not able to find the 2020 tax tables,only the tax rate schedule. It is possible to g...
by boomer_techie
Sat May 23, 2020 1:50 am
Forum: Personal Consumer Issues
Topic: Subaru Outback vs deer
Replies: 21
Views: 1897

Re: Subaru Outback vs deer

Since it seems like just door panels, do we take it to Subaru dealership, or can regular collision shops get new door panels, paint them match, etc. While dealerships often have collision shops, that's usually not their forte. Some might outsource most of the work to a nearby shop. Quite likely you...
by boomer_techie
Thu May 21, 2020 6:11 pm
Forum: Personal Consumer Issues
Topic: Frequency of bike overhaul or tune up
Replies: 29
Views: 1755

Re: Frequency of bike overhaul or tune up

I would advise buying a bike chain gauge, for about $11. Clean and lube your chain every couple hundred miles and use the gauge. If you cannot make it fit, your chain is fine. If it fits on one side, the chain needs to be replaced. If it fits on both sides you need to replace the chain and rear cas...
by boomer_techie
Thu May 21, 2020 7:31 am
Forum: Personal Consumer Issues
Topic: Ford F150 Engine long term reliability - V8 versus Turbo V6?
Replies: 62
Views: 3908

Re: Ford F150 Engine long term reliability - V8 versus Turbo V6?

They then tore it down in front of a live audience and found it was in remarkably good shape for an engine that had been abused far beyond what any owner would ever do, for 163,000 miles. That's one type of torture test. Now imagine a different situation: A truck driven only 5000 miles a year. It w...
by boomer_techie
Wed May 20, 2020 5:03 am
Forum: Investing - Theory, News & General
Topic: Math question about plotting rolling averages
Replies: 8
Views: 617

Re: Math question about plotting rolling averages

Incidentally 2, a computer algorithm for computing the moving average doesn’t need to calculate the full average at each point. Once you have calculated one average point, you can simply add one number and subtract one number from the prior average to get the next average. Here is a weighted averag...
by boomer_techie
Tue May 19, 2020 5:12 am
Forum: Personal Investments
Topic: Help me correct my Dad's Retirement Portfolio
Replies: 14
Views: 1500

Re: Help me correct my Dad's Retirement Portfolio

Anyway...I was shocked to find out he has only invested in his individual company stock in his 401k and of coarse its in the dumps right now during this COVID recession. I told him not to touch it right now and wait for it to regain some of its value...he could potentially hold onto it for maybe 5-...
by boomer_techie
Mon May 18, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Oregon income tax on severance from Texas?
Replies: 6
Views: 567

Re: Oregon income tax on severance from Texas?

So $50,000 income from Texas and $50,000 income from Orgeon, compute the Oregon income tax on $100,000 and pay half. Note that, because of progressive tax rates, this is more than the tax on $50,000 if that were your total income. The progressive rates make it important to time the income: (Receive...
by boomer_techie
Mon May 18, 2020 4:08 am
Forum: Personal Consumer Issues
Topic: Importing an almost new car into CA
Replies: 23
Views: 1481

Re: Importing an almost new car into CA

1) You are wrong about CA smog testing. If the car is NOT outfitted with the actual under-the-hood smog equipment as part of the "50 state compliant" equipment, CA will not allow it to be registered. Way back in '88 I moved to California with my Federal emissions rated '87 model car. No problems. I...
by boomer_techie
Sun May 17, 2020 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Mountain cabin?
Replies: 24
Views: 3788

Re: Mountain cabin?

My options are to renovate a small 750 sq cabin, currently a mess. Or a 2200 sq ft house, also a mess. We need more information. Is it a cabin built in 1900 where nothing is square nor standard sized, and a house from 1960? Or vice versa? What does "mess" mean: Are there holes in the roof and floor...
by boomer_techie
Sun May 17, 2020 12:12 am
Forum: Personal Consumer Issues
Topic: Alternatives to Craftsman Tools
Replies: 98
Views: 6484

Re: Alternatives to Craftsman Tools

I know a lot of their manufacturing has gradually moved abroad and hadn’t noticed the quality drop off until this tool. Look on the tool for markings of the form D-AI. The code before the dash will identify the subcontractor who made the tool. There are lists online where people have figured out th...
by boomer_techie
Thu May 14, 2020 7:07 am
Forum: Personal Investments
Topic: Tax Loss Harvesting Questions
Replies: 8
Views: 600

Re: Tax Loss Harvesting Questions

only sell Stock B at a loss, that means that loss of up to $3000 can be used to offset my ordinary income of my day job, right? Not "can be used", but instead " must be used". Does IRS/Turbotax just know, and will deduct it for me? The tax programs should all handle it automatically. Even if you ar...
by boomer_techie
Thu May 14, 2020 6:59 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 355
Views: 28136

Re: [Government stimulus payments]

I thought the stimulus payment was just based on 2018 or 2019 income (2018 in my case since I haven't filed the 2019 return yet). It is actually based on your 2020 income - i.e. the return you'll file in April 2021. The payment now is an "advance" based on the latest tax return (2019 or 2018) that ...
by boomer_techie
Wed May 13, 2020 8:59 pm
Forum: Personal Investments
Topic: Vnqi dividend date
Replies: 3
Views: 274

Re: Vnqi dividend date

retired@50 wrote:
Wed May 13, 2020 6:50 pm
Last year the fund didn't distribute in March either... June, Sep, Dec of 2019.
It has paid no Q1 distributions in 2013, 2014, 2017, and 2019. And, um, 2020. Also, it looks like the fund paid only once a year before mid-2012.
by boomer_techie
Wed May 13, 2020 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Recast: Anyone recently completed?
Replies: 12
Views: 1580

Re: Wells Fargo Recast: Anyone recently completed?

What’s recasting? I too recently did a refi with Lenderfi and now have wellsfargo. Lets say you inherit some money. You wish to use it to pay down your mortgage. You could just make a large principle payment. Doing so will reduce the remaining duration of your loan, but your payments stay the same....
by boomer_techie
Tue May 12, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America unauthorized ATM withdrawal
Replies: 47
Views: 2319

Re: Bank of America unauthorized ATM withdrawal

So I had a 92.50 ATM withdrawal back in January that I dont think was me. Per my bank statements, the withdrawal occurred in Massachusetts on a Monday, however I had taken a train from MA to NY on a sunday. Could you have bought a train ticket for $90 or $92.50 using this card? Perhaps you intended...
by boomer_techie
Thu May 07, 2020 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Pay off car?
Replies: 26
Views: 1368

Re: Pay off car?

Especially in uncertain times like now, I would much rather have $14k in cash and $14k in debt at 0%, than not having either. In really uncertain times (i.e. Great Depression level) I'd rather have neither: The $14K cash could be in a bank account from which you can't withdraw (because the bank is ...
by boomer_techie
Wed May 06, 2020 1:02 am
Forum: Personal Investments
Topic: Death Benefit -Annuity Inheritance
Replies: 38
Views: 2028

Re: Death Benefit -Annuity Inheritance

So do my wife and I just need to be under $168,400 for our AGI to stay in the 22% tax bracket? I looked at my tax records last year and it shows my AGI was $96,000 because we both contribute alot to your retirement accounts. For 2020, the 22% bracket for MFJ is $80,250 to $171,050. Your standard de...
by boomer_techie
Tue May 05, 2020 9:49 am
Forum: Personal Investments
Topic: Death Benefit -Annuity Inheritance
Replies: 38
Views: 2028

Re: Death Benefit -Annuity Inheritance

3. Option 2 - take lump some payment of $43,751 and of that $9900 is not taxable. I could get this payment within 3 weeks. So here is some info on my wife and I. We are late 30’s and combined income is $145,000 but $20,000 of that is put into tax deferred each year so in paper it’s less. $145,000 -...
by boomer_techie
Tue May 05, 2020 6:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 65
Views: 5121

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

The app does not connect you to anything, it just produces a random code. It is useful if it is connected or not. If you are worried, connect with your home encrypted wifi, and then turn off the wifi (or put it in airplane mode) You can occasionally reconnect to set the time again. Presumably Googl...
by boomer_techie
Mon May 04, 2020 10:38 pm
Forum: Personal Consumer Issues
Topic: Is a locking mailbox necessary or helpful, or more hassle than it's worth?
Replies: 43
Views: 2291

Re: Is a locking mailbox necessary or helpful, or more hassle than it's worth?

I understand mail theft and associated identity theft is a real issue and a problem in many areas, however I also read that these locking mailboxes can be a minor pain in that they are harder to insert mail and don't allow small packages to be deposited which happens a lot for us. Bigger packages a...
by boomer_techie
Mon May 04, 2020 2:30 am
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 65
Views: 5121

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

Google Authenticator or Authy are two types of (free) One-Time Time-Based Passcodes (OTTP) . You can download these on your phone from the Apple App Store or the Google Play store. Do these work on a phone that does not get cell service, i.e. my "old" phone? I presume these apps need the device clo...
by boomer_techie
Mon May 04, 2020 1:51 am
Forum: Personal Consumer Issues
Topic: Toilet lid suddenly popped up?
Replies: 30
Views: 3602

Re: Toilet lid suddenly popped up?

Finally I head up and see my decorative tray that I have filled with rocks on the floor all over and the entire toilet lid off centered. I opened it up and it looked like some black pump was sticking up. I pushed the lid back on and the water stopped running and no more running water noise. When I ...
by boomer_techie
Sun May 03, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Closing Chase Bank Account
Replies: 11
Views: 1535

Re: Closing Chase Bank Account

1. Should I withdraw/transfer all money first? Years ago I closed a checking/savings account pair at BofA: Pulling all the money out of the savings account caused it to auto-close. I then pulled all the money out of the checking account. (Don't remember how - maybe wrote a check to myself?) Balance...
by boomer_techie
Sun May 03, 2020 7:02 pm
Forum: Personal Consumer Issues
Topic: Does Hyundai Elantra Defect Cause Real Danger?
Replies: 11
Views: 840

Re: Does Hyundai Elantra Defect Cause Real Danger?

That said, given the nature of this flaw, your personal danger might be low if the car is kept in a garage, carport, or dry climate where it isn't exposed to much moisture. Without being a Hyundai engineer, we can really only speculate. Given the results of a short circuit, the OP should now never ...
by boomer_techie
Sun May 03, 2020 6:53 pm
Forum: Personal Consumer Issues
Topic: Car rolled backwards in drive. Operator error
Replies: 23
Views: 2582

Re: Car roll-backwards in drive.

till it stopped, made a clicking sound as it rolled. If a car with automatic transmission is in any non-trivial motion with the engine off, the pawl will struggle to engage (the clicking sound). they did the run along with the truck behind the door trying to stop it type deal. Sounds like the chasi...
by boomer_techie
Fri May 01, 2020 12:31 am
Forum: Investing - Theory, News & General
Topic: How to I invest in the self-driving car industry?
Replies: 64
Views: 3398

Re: How to I invest in the self-driving car industry?

Self-driving cars are never ever going to happen. As in never be able to get in your car and drive you to work. Never ever as in not in your lifetime. Agreed! Technology usually shows up in little steps. We still haven't started taking steps needed for self driving. Example: There exist navigation ...
by boomer_techie
Wed Apr 29, 2020 4:45 am
Forum: Personal Finance (Not Investing)
Topic: IRS get my payment difficulties [non-residents/expats specific]
Replies: 3
Views: 278

Re: IRS get my payment difficulties [non-residents/expats specific]

I just don't understand how the system can be so uninformative in the sense that it doesn't provide you with any useful feedback as to what exactly the problem. It is uninformative for security reasons. Imagine if you entered an SSN and address and it came back asking if you meant #1234 instead of ...
by boomer_techie
Tue Apr 28, 2020 8:31 am
Forum: Personal Investments
Topic: Help me understand brokered CDs
Replies: 17
Views: 709

Re: Help me understand brokered CDs

So I'm looking at Schwab OneSource CD marketplace right now. It has a 0.25% CD from Mizuho Bank (USA), CUSPID 60688ML77. It's a new issue, non-callable, FDIC insured, with a settlement date of 5/6/20 and a maturity date of 6/8/20. This formula has worked so far for me to calculate the exact interes...
by boomer_techie
Tue Apr 28, 2020 12:23 am
Forum: Personal Consumer Issues
Topic: "certifying" a laptop to be sold
Replies: 56
Views: 2033

Re: "certifying" a laptop to be sold

There are numerous ways to overwrite a hard drive with all zeros. If you don't have software to zero the drive: Delete / trash / recycle-bin all your files. Then fill the drive with multiple copies of some large nonpersonal files. For example, ten copies of your ripped CD collection, or fifty copie...
by boomer_techie
Tue Apr 28, 2020 12:01 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24995

Re: IRS Get My Payment up and running

Q: For AGI, do they want dollars only, or dollars and cents? As I file on paper, I always include cents on all IRS forms. For 2018, my AGI was $xxxxx.10 . Should I include the 10 cents, or truncate it? And stop filing returns showing cents - it makes no sense. :oops: Hey, the IRS page worked for me...
by boomer_techie
Mon Apr 27, 2020 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on home purchase?
Replies: 4
Views: 385

Re: Advice on home purchase?

2) If I put 20% down, I have to dip into my stocks for a portion of the downpayment. Doesn’t this seem completely backwards to do this right now seeing I have had quite a bit of losses among my index funds? If one needs cash, and if raising it requires selling investments, then the current price is...
by boomer_techie
Mon Apr 27, 2020 2:25 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24995

Re: IRS Get My Payment up and running

When I last tried a week or so ago, I was in the "can't determine" group upon entering SSN and address. It can't have been an address problem as all parts of my address are super short leaving no variations possible. I presume they hadn't loaded my 2018 data as I filed for an extension and only mail...
by boomer_techie
Mon Apr 27, 2020 2:08 am
Forum: Personal Finance (Not Investing)
Topic: Another 15 vs. 30 year mortgage toss up
Replies: 59
Views: 3956

Re: Another 15 vs. 30 year mortgage toss up

I do finance 2 duplexes, and so while the additional mo/payment doesn't appear to put me under if I lose 50% of that income, it does take a bit of pressure off in that scenario. According to real estate investor bloggers/vloggers, they automatically go for 30 year mortgages. These mortgages are ult...
by boomer_techie
Sun Apr 26, 2020 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Tax return lost in mail (during weird pandemic times...)
Replies: 20
Views: 1414

Re: Tax return lost in mail (during weird pandemic times...)

As additional data points, I mailed a federal paper return on 3/30 by certified mail. It was "in transit" on 4/4 and was just reported as "delivered" on 4/22. I mailed a federal amended return on 4/14 and tracking shows it was delivered 4/17. I mailed the matching state return on 4/15 and tracking ...
by boomer_techie
Wed Apr 22, 2020 2:01 am
Forum: Personal Consumer Issues
Topic: Is it cheaper to ship to/from a UPS/Fedex access point?
Replies: 9
Views: 722

Re: Is it cheaper to ship to/from a UPS/Fedex access point?

Upon advise I took it to the UPS store that I had been doing business with for a while. AFAIK, "UPS Stores" are still a franchise. In other words, an independent shopkeeper is running the location - making their money selling supplies, packaging items for the lazy, and so on. Accepting package drop...
by boomer_techie
Fri Apr 17, 2020 11:33 pm
Forum: Personal Investments
Topic: Accidental wash sale
Replies: 3
Views: 335

Re: Accidental wash sale

Hey all, I had SCHB in my taxable holding account with ML and I had dividend reinvestment set...I wanted to move a few thousand out to purchase somethimg else so I did, not realizing that I just received a divident reinvest thus wash selling my entire hold. Slow down! The wash sale likely did not i...
by boomer_techie
Tue Apr 14, 2020 11:49 pm
Forum: Personal Consumer Issues
Topic: At what point is it necessary to cut down dead trees?
Replies: 46
Views: 2536

Re: At what point is it necessary to cut down dead trees?

Is it necessary to get these trees cut down ASAP? Or is it too much of a risk by putting this off longer? The longer you wait, the more expensive it can be to cut down a dead tree. It depends on the species. Some stay "safe" for years. Others decay really fast and become unsafe for the tree service...
by boomer_techie
Wed Apr 08, 2020 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - education for kids
Replies: 11
Views: 502

Re: Taxes - education for kids

https://i.postimg.cc/MG43zSj5/Investments-Taxes.jpg Make three "What you live on" boxes, separated by piles of calendars to signify the passage of many years: The first one as you have it drawn. The second one has a picture of a youngish couple holding a baby standing in front of a starter home. Th...
by boomer_techie
Wed Apr 08, 2020 1:27 am
Forum: Personal Finance (Not Investing)
Topic: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)
Replies: 40
Views: 2399

Re: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)

I don't plan to stay in new York long term btw,. 1-3 years max. One to three years max - and Covid may knock off one of those years? At that point I'd say it isn't worth the job upheaval. Have you considered staying put, and using the new higher salary to fund weekends in some large Midwest city, l...
by boomer_techie
Sun Apr 05, 2020 12:08 am
Forum: Personal Consumer Issues
Topic: is a $1000+ herman miller office chair worth the investment?
Replies: 37
Views: 2924

Re: is a $1000+ herman miller office chair worth the investment?

In terms of my finances, I can afford a +$1000+ chair, but the boglehead side of me does not want to spend that kind of money. However, if its worth the investment, I would highly consider it. In 1986 I bought a $600 Steelcase chair. Because everybody was tired of sitting in plastic patio chairs, o...
by boomer_techie
Sat Apr 04, 2020 4:49 pm
Forum: Investing - Theory, News & General
Topic: Newbie question about Selling and ST/LT Capital Gains tax
Replies: 3
Views: 211

Re: Newbie question about Selling and ST/LT Capital Gains tax

Hypothetically, lets say I own 100k of VOO. I've been buying religiously each month like clockwork for several years. Now I want to sell half, or any amount. How is it determined whether I pay ST or LT capital gains tax. You don't have just one big blog of VOO. Lets say you were buying for four yea...
by boomer_techie
Sun Mar 29, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on one-time special dividend
Replies: 28
Views: 1361

Re: Taxes on one-time special dividend

2) Federal tax rate - Is the relevant federal tax rate 15%? Based on my research, since this is a qualified dividend, it's taxed like long-term capital gains. While our gross HH income with the dividends will be around $540K, per the below we're planning to have around $70K in donations this year a...
by boomer_techie
Fri Mar 27, 2020 6:41 pm
Forum: Personal Consumer Issues
Topic: Rent a van from U Haul or Home Depot?
Replies: 11
Views: 871

Re: Rent a van from U Haul or Home Depot?

Make sure you don't get a Uhaul box truck, they aren't covered under your auto policy and you would need to purchase their coverage.. which honestly is terrible, overpriced, and really doesn't cover much. And if you intend to rely on your credit card's rental coverage, that also won't cover trucks....
by boomer_techie
Wed Mar 25, 2020 10:31 pm
Forum: Investing - Theory, News & General
Topic: Planning for capital loss carryover with this market
Replies: 26
Views: 1382

Re: Planning for capital loss carryover with this market

That didnt answer my questions. QDIV are not included in Sched D I would like to use the $3k capital gain losses to offset income taxed at my 24% tax bracket. I read that $3k offsets regular income, but I cannot find any place to tell me if QDIVs are included on regular income or not The -$3000 off...