Search found 34 matches

by BlindPursuit
Thu Oct 29, 2020 4:53 pm
Forum: Personal Consumer Issues
Topic: Do I Need Norton Security (or similar)
Replies: 23
Views: 1091

Re: Do I Need Norton Security (or similar)

Yes this would be for the computer I do all my online banking/investing/finances on. Is Windows 10 not good enough?
by BlindPursuit
Thu Oct 29, 2020 4:07 pm
Forum: Personal Consumer Issues
Topic: Do I Need Norton Security (or similar)
Replies: 23
Views: 1091

Do I Need Norton Security (or similar)

My internet provider has been giving me Norton Online Security as part of my service for many years. They just announced they will be pulling it in a couple of months. Do I need it, or can I just get by on whatever built-in security Windows 10 provides? And if I do need some kind of third-party anti...
by BlindPursuit
Thu Oct 08, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Upsizing (House) in Retirement?
Replies: 24
Views: 2492

Re: Upsizing (House) in Retirement?

delamer wrote: Thu Oct 08, 2020 6:24 pm
Probably doesn’t make sense to withdraw $150,000 in one swoop and pay the income taxes.
This is kind of the rub for me and why I'm even considering getting a mortgage instead, much as that would pain me.
by BlindPursuit
Thu Oct 08, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Upsizing (House) in Retirement?
Replies: 24
Views: 2492

Re: Upsizing (House) in Retirement?

tibbitts wrote: Thu Oct 08, 2020 4:56 pm Just curious, how big is the house you have, the one you want, and what will you do with the extra space?
Current house is 900 sq.ft. We'd only be going up to 1200 sq.ft. It's not so much the size as the location that's making the difference in cost. Yes it's a high cost of living area!
by BlindPursuit
Thu Oct 08, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Upsizing (House) in Retirement?
Replies: 24
Views: 2492

Upsizing (House) in Retirement?

My wife and I are both retired, 65 yrs old, already taking Social Security. We own our home with no mortgage. We could probably clear $300k on the sale of our house. We have about $800k in our combined retirement accounts and another $75k in savings/investments (I can go into more detail if needed)....
by BlindPursuit
Thu Jul 23, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House with Elderly Parent: Many Questions...
Replies: 39
Views: 2356

Re: Buying a House with Elderly Parent: Many Questions...

Wow, I am overwhelmed by the thoughtfulness and generosity of all of your replies. Thank you all for your help. I personally feel that Dad already has the ideal situation, as many of you have noted: small, manageable place of his own; sister nearby for help as needed; and a good chunk of savings rea...
by BlindPursuit
Wed Jul 22, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House with Elderly Parent: Many Questions...
Replies: 39
Views: 2356

Re: Buying a House with Elderly Parent: Many Questions...

Very interesting and helpful replies so far, thanks. I am hearing clearly don't commingle finances or ownership, and keep Dad's savings for his own long-term-care needs. Estate planning obviously something we'll need to work on. Dad's will currently lists me, my sister, and our deceased brother as h...
by BlindPursuit
Wed Jul 22, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House with Elderly Parent: Many Questions...
Replies: 39
Views: 2356

Re: Buying a House with Elderly Parent: Many Questions...

A few questions: Do you live near him now? Does he want to move in with you? Could he live with you in current home as a test before you spurge on a larger home you won't need later? Could you find someone to live with him, perhaps to prepare meals, be company, etc. in exchange for room and board? ...
by BlindPursuit
Wed Jul 22, 2020 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House with Elderly Parent: Many Questions...
Replies: 39
Views: 2356

Buying a House with Elderly Parent: Many Questions...

I want to start by saying how much I appreciate this community and all that I have learned from so many of its wise, conscientious, and generous members. I have a situation that I hope you can help me with. Please bear with me as I lay out the details. My father is 91 years old, physically in good s...
by BlindPursuit
Thu Jul 09, 2020 7:02 pm
Forum: Personal Investments
Topic: What's My Basis in This Stock
Replies: 7
Views: 404

Re: What's My Basis in This Stock

Your cost basis is $6.67 on each of those shares. You're selling 1/3 of what you bought and you paid $2000 total. One-third of $2000 is $667. Ah, I see. That makes sense. So for tax purposes if I sold at 160 then I made $15,333 profit ($16,000 - $667) and I owe the capital gains tax on that amount,...
by BlindPursuit
Thu Jul 09, 2020 6:13 pm
Forum: Personal Investments
Topic: What's My Basis in This Stock
Replies: 7
Views: 404

Re: What's My Basis in This Stock

Flora wrote: Thu Jul 09, 2020 6:09 pm What basis did you report on Schedule D when you sold shares previously?
This is the first time I sold any of these shares.
by BlindPursuit
Thu Jul 09, 2020 6:03 pm
Forum: Personal Investments
Topic: What's My Basis in This Stock
Replies: 7
Views: 404

What's My Basis in This Stock

Decades ago I bought 100 shares of a stock for $20/share. Over time the stock grew nicely to around $80/share (woohoo!). Then the stock split 3-for-1, so I had 300 shares at 80. The stock continued to grow all the way up to 160/share (!), at which point I sold 100 shares to pay for a home reno proje...
by BlindPursuit
Tue Jun 30, 2020 11:06 am
Forum: Personal Consumer Issues
Topic: Buying a house - survey necessary?
Replies: 32
Views: 2545

Re: Buying a house - survey necessary?

I skipped getting the survey when I bought my current house and ended up having to get one anyway. Cash sale, rectangular lot, old suburban street, obvious property lines, so I figured, why bother? Well, a couple of years down the line, we wanted to do some renovations that required a permit, and wh...
by BlindPursuit
Mon Jun 22, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Signature strip on credit card
Replies: 73
Views: 5672

Re: Signature strip on credit card

I can't believe no one has brought up the the classic story of the guy tried to see just how far he could go before a merchant asked to verify his signature on a credit card purchase. He started out doing things like drawing pictures, signing obviously fake names ("Kris P. Kreme"), little ...
by BlindPursuit
Tue Mar 24, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: "Tax-exempt OID not reported to IRS" - What to Do?
Replies: 4
Views: 235

Re: "Tax-exempt OID not reported to IRS" - What to Do?

Thanks for your help. Most of the language on that IRS page is over my head, but I will do my best to puzzle it out.
by BlindPursuit
Tue Mar 24, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: "Tax-exempt OID not reported to IRS" - What to Do?
Replies: 4
Views: 235

Re: "Tax-exempt OID not reported to IRS" - What to Do?

I'm using H&R Block Deluxe. There is an option to enter 1099-OID interest which I used for the box 11 amounts that were listed as reported to the IRS. I just don't know if I should use the same option to enter the amounts that are listed as "not reported." I see an option to report &qu...
by BlindPursuit
Tue Mar 24, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: "Tax-exempt OID not reported to IRS" - What to Do?
Replies: 4
Views: 235

"Tax-exempt OID not reported to IRS" - What to Do?

I am trying to help a family member with his taxes. He has a couple dozen individual muni bonds. His broker sent him a consolidated 1099. About half of the bonds have amounts listed under a column labeled "Tax-exempt OID not reported to IRS" (the rest have amounts listed in a column labele...
by BlindPursuit
Thu Feb 20, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Missing 1099-R, Can I Just Report Income?
Replies: 13
Views: 762

Re: Missing 1099-R, Can I Just Report Income?

Thanks for all the replies and good suggestions. Yes, the EIN is the hangup; you can't e-file without it (as I learned when I tried anyway), and of course I would still need the paper 1099 if I filed by mail, so . . . back to square one.
by BlindPursuit
Wed Feb 19, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Missing 1099-R, Can I Just Report Income?
Replies: 13
Views: 762

Re: Missing 1099-R, Can I Just Report Income?

I should clarify, due to various mental health/substance abuse issues, suggestions such as "just have him call X" or "ask him Y" sadly won't work. Tried that too many times already.
by BlindPursuit
Wed Feb 19, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Missing 1099-R, Can I Just Report Income?
Replies: 13
Views: 762

Missing 1099-R, Can I Just Report Income?

I am helping someone do his taxes. He has income from an IRA withdrawal but has not received a 1099-R. He does have a statement from the IRA company showing the amount withdrawn and the taxes withheld. Since he is due a refund which he really needs now, I would like to file ASAP without waiting for ...
by BlindPursuit
Tue Feb 04, 2020 10:53 am
Forum: Personal Consumer Issues
Topic: Excel Suddenly Giving #FIELD Errors?
Replies: 5
Views: 714

Excel Suddenly Giving #FIELD Errors?

I recently started using Office 365 and notice a quirk in Excel. For decades I have been entering field ranges in formulas with a "." instead of a ":" and lowercase cell references. Excel always accepted it. So type: =sum(a1.a3) always worked fine. Excel would "autocorrect&q...
by BlindPursuit
Thu Jan 09, 2020 2:06 pm
Forum: Personal Investments
Topic: Sell and Then Buy Back Right Away?
Replies: 17
Views: 2175

Re: Sell and Then Buy Back Right Away?

But now if I just put the money back, I'll be paying taxes I didn't need to, won't I? You will be paying taxes even if you don't put the money back, so putting the money back as nothing to do with the taxes you would pay. Consider this: If you had originally put the money in a savings account would...
by BlindPursuit
Thu Jan 09, 2020 1:57 pm
Forum: Personal Investments
Topic: Sell and Then Buy Back Right Away?
Replies: 17
Views: 2175

Re: Sell and Then Buy Back Right Away?

Thanks for the replies so far. I definitely sold at a profit, so I guess there will be capital gains tax to pay, which would have been fine or at least expected if I was going to use the money as originally intended. But now if I just put the money back, I'll be paying taxes I didn't need to, won't ...
by BlindPursuit
Thu Jan 09, 2020 11:58 am
Forum: Personal Investments
Topic: Sell and Then Buy Back Right Away?
Replies: 17
Views: 2175

Sell and Then Buy Back Right Away?

I sold some shares to finance an anticipated purchase, but it turned out I won't need the money after all. So now I just want to put things back the way they were, i.e. just buy back the same stock. I've never done this before; is there anything I should know that can bite me (taxes, rules for how s...
by BlindPursuit
Wed Oct 09, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: lastpass noob question
Replies: 40
Views: 3717

Re: lastpass noob question

Thank you everyone for all your help. As I said, my concern was not that lastpass would be hacked; it was that anyone with access to my computer can now log in to any website I visit. So if someone steals my laptop, or say my deadbeat brother-in-law tries to get into my bank account while I'm in the...
by BlindPursuit
Wed Oct 09, 2019 10:03 am
Forum: Personal Consumer Issues
Topic: lastpass noob question
Replies: 40
Views: 3717

Re: lastpass noob question

From Lastpass.com: ''Local-only encryption. Your data is encrypted and decrypted at the device level. Data stored in your vault is kept secret, even from LastPass. Your master password, and the keys used to encrypt and decrypt data, are never sent to LastPass’ servers, and are never accessible by L...
by BlindPursuit
Wed Oct 09, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: lastpass noob question
Replies: 40
Views: 3717

lastpass noob question

I finally signed up for a password manager (lastpass). I made my bogleheads login my first test case just so I could get used to how lastpass works. Well, first thing, I go to login at bogleheads. I click login and see my username and password are filled in (password is ***starred out***). How is th...
by BlindPursuit
Wed Sep 25, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: transfer between capital one 360 and fidelity
Replies: 10
Views: 1437

Re: transfer between capital one 360 and fidelity

Update one day later . . . as soon as I successfully set the Fidelity account to push-to/pull-from Capital One, two "micro deposit test amounts" from Capital One appeared in the Fidelity account (Capital One uses these test deposits to confirm the linked account). Previously these transact...
by BlindPursuit
Tue Sep 24, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: transfer between capital one 360 and fidelity
Replies: 10
Views: 1437

Re: transfer between capital one 360 and fidelity

It turns out my problem was trying to set up the transfer on the Capital One side (i.e., push money from Capital One to Fidelity or pull money from Fidelity to Capital One). That never worked. What did work was setting up the transfer from the Fidelity side . Using my Capital One 360 routing & a...
by BlindPursuit
Mon Sep 23, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: transfer between capital one 360 and fidelity
Replies: 10
Views: 1437

Re: transfer between capital one 360 and fidelity

Yes, your Fidelity brokerage account can act as a "checking account" for inbound and outbound transfers. Login to Fidelity, click your preferred account, and click Routing Number at the top of the screen. You will get a pop up showing a routing and account number (make sure you use the en...
by BlindPursuit
Mon Sep 23, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: transfer between capital one 360 and fidelity
Replies: 10
Views: 1437

transfer between capital one 360 and fidelity

I'm sorry if this has been asked and answered 1000 times already (seems likely but I can't find) Is it possible to transfer money from a Capital One 360 account to my Fidelity brokerage account (and/or vice versa) without having a bank checking account as intermediary? It seems that Cap1 specificall...
by BlindPursuit
Fri Mar 29, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Not understanding how TurboTax handles 1099-OID
Replies: 0
Views: 349

Not understanding how TurboTax handles 1099-OID

I have a bunch of 1099-OIDs (for various individual state muni bonds). Some show tax-exempt OID reported to the IRS in box 11, some show tax-exempt interest NOT reported to the IRS (who knows why), and some have an acquisition premium shown in box 6. If the tax-exempt OID in box 11 is greater than t...
by BlindPursuit
Wed Jan 23, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Roth "Transfer on Death" - Taxable Distribution?
Replies: 6
Views: 781

Re: Roth "Transfer on Death" - Taxable Distribution?

My non-expert understanding is that your father is the surviving spouse and beneficiary of your mother's Roth IRA. He selected the option to retitle the account into his name at your mother's passing. Since the 5 year rule was satisfied by your mother, any withdrawals from the Roth account should b...
by BlindPursuit
Tue Jan 22, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Roth "Transfer on Death" - Taxable Distribution?
Replies: 6
Views: 781

Roth "Transfer on Death" - Taxable Distribution?

My mother had a Roth IRA at Fidelity listing my father as beneficiary. When Mom passed away at the end of 2017, Fidelity had my father open a new Roth in his name and transferred the funds from Mom's old Roth into this new Roth with a "Transfer on Death" designation. At the beginning of 20...