Search found 6795 matches

by jebmke
Fri Nov 17, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Replace TVs with Smart Tvs or not?
Replies: 22
Views: 760

Re: Replace TVs with Smart Tvs or not?

We have had ROKU for years now and been very happy with it. Now on a ROKU 3 I think. Connects to wireless WAP which backhauls via powerline to our router.
by jebmke
Thu Nov 16, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund to Fund Starting a 501c3
Replies: 10
Views: 824

Re: Donor Advised Fund to Fund Starting a 501c3

Say I use my car for obvious business related things, or if I lease office space, or bought something to help the business. Wouldn't those all be business expenses? If the expenses are for a legitimate profit oriented business and if they meet the IRS guidelines for expensing, you would be able to ...
by jebmke
Thu Nov 16, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund to Fund Starting a 501c3
Replies: 10
Views: 824

Re: Donor Advised Fund to Fund Starting a 501c3

I don't see how this would be anything other than a donation of property to a 501(c). I don't know the rules on deducting donations to your own 501(c) OK - now I see that there are, or may be, restrictions on donating to "your own" 501c3. I would think so but you never know. Like most sections, it ...
by jebmke
Thu Nov 16, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund to Fund Starting a 501c3
Replies: 10
Views: 824

Re: Donor Advised Fund to Fund Starting a 501c3

Ok, thanks all. I won't consider donating money other than my time and equipment to the non-profit. And if I need to buy things for it, I believe I'll at least be able to write them off as a business expense. I know it probably sounds sketchy because a lot of people probably try to take advantage, ...
by jebmke
Thu Nov 16, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's when changing broker?
Replies: 5
Views: 299

Re: RMD's when changing broker?

I have opened a new IRA at Merrill Edge, but have not moved assets from TDA. I must take my first RMD before 12/31/17. If I roll over first, how will ME know how much to take out based on 12/31/16 balance? (I do know the amount required.) Advice? You will tell them how much to take out. If they are...
by jebmke
Thu Nov 16, 2017 4:28 pm
Forum: Personal Consumer Issues
Topic: Mozilla Firefox Donations?
Replies: 19
Views: 1491

Re: Mozilla Firefox Donations?

So far I am underwhelmed. Some sites don't load at all. Scripts are still running around like rats. If they don't get this fixed, I'm dumping FF.
by jebmke
Thu Nov 16, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 61
Views: 2046

Re: Where did you first learn about investing?

When A Random Walk Down Wall Street was first published it was required reading in my economics class that year. 1972 or 1973 if I recall correctly.
by jebmke
Tue Nov 14, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Mozilla Firefox Donations?
Replies: 19
Views: 1491

Re: Mozilla Firefox Donations?

Scripts now bringing my browser to a crawl with the update. Hope they get this fixed soon.
by jebmke
Tue Nov 14, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Mozilla Firefox Donations?
Replies: 19
Views: 1491

Re: Mozilla Firefox Donations?

The new version just updated my browser. It appears to have dropped support for Noscript. Too early to tell on other add-ons but they appear gone.
by jebmke
Mon Nov 13, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 1619

Re: Form 5498 or 1099R (IRA to Roth Conversion)

Maybe I'm missing something: If somebody does a Roth conversion but fails to report it with F8606, why would they be surprised to have the IRS to come knocking later on? Unfortunately there are some who believe that the custodians keep track of all this. Even some of my TaxAide buddies are confused...
by jebmke
Mon Nov 13, 2017 8:46 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 6968

Re: GE and the myth of "safe blue-chip stocks"

There have been plenty of invulnerable companies knocked off the pedestal. I remember when IBM could do no wrong. They nearly didn't survive. (Reuters) - General Electric Co (GE.N) chopped its quarterly dividend in half on Monday, new Chief Executive John Flannery’s first move in an overhaul of the ...
by jebmke
Mon Nov 13, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 1619

Re: Form 5498 or 1099R (IRA to Roth Conversion)

In those cases it seemed as if they had correctly reported a non-taxable distribution But generally a ROTH conversion isn't a non-taxable distribution. You'd have to have basis to have an amount that wasn't taxable. This would require an 8606 but my experience is that if you stare long enough at th...
by jebmke
Mon Nov 13, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 1619

Re: Form 5498 or 1099R (IRA to Roth Conversion)

The 1099R is not delayed, only the 5498. And all custodians file their 5498 in May, not just Vanguard. You report your contributions as usual based on what you have contributed for the tax year We make no contributions, only conversions as we have no income.... but the principle is the same with co...
by jebmke
Sun Nov 12, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tell me I'm not a total fool about my choice of a Medigap policy
Replies: 26
Views: 2287

Re: Tell me I'm not a total fool about my choice of a Medigap policy

I believe the deductible that you would pay on a G plan is $183. The math is simple. I am signing up later this month and I am going with a G plan.
by jebmke
Sun Nov 12, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 30
Views: 2813

Re: H&R Block Software

CULater wrote:
Sun Nov 12, 2017 5:56 pm
What is the extended download service?
Allows you to re-download the software over some long period of time in case you need to reinstall. Amazon keeps it out there for a long time (I think I still can download my TaxCut 2008 software if I needed it.)
by jebmke
Sun Nov 12, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4045

Re: How do you project the amount you will have to spend annually in retirement?

Not missing anything. It just seems an odd statement as there is only one check. However the spouse will get SS as a survivor which would presumably be the larger of the two checks previously received. The point, however, is that people do have to anticipate how much trouble the survivor might be i...
by jebmke
Sun Nov 12, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1651

Re: Donor Advised funds

Then last year I wanted to apply for a special double match from my former employer for Homes for Our Troops and needed to get an acknowledgement from them. So I called and explained that I needed an acknowledgement but did not want to get mailings from them. They told me that was not a problem and...
by jebmke
Sun Nov 12, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of Non qualified plan distribution on Medicare premium
Replies: 2
Views: 233

Re: Impact of Non qualified plan distribution on Medicare premium

I think the answer is yes. It is included in your AGI which is the starting point for MAGI.
by jebmke
Sun Nov 12, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 3879

Re: Draft a will with legalzoom or other online legal help

Amy2017 wrote:
Sun Nov 12, 2017 4:53 pm
So you think our situation is complicated enough that requires an attorney's expertise?
My theory on wills is that you only get one chance to get it right. After you are dead it is too late. With your assets and minor children I think you would benefit from professional advice.
by jebmke
Sun Nov 12, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 3879

Re: Draft a will with legalzoom or other online legal help

In my opinion, you should consult an qualified estate lawyer.
by jebmke
Sun Nov 12, 2017 4:13 pm
Forum: Personal Consumer Issues
Topic: Windows 10 System image on USB flash drive
Replies: 27
Views: 1613

Re: Windows 10 System image on USB flash drive

Finding the proper BIOS settings to get it to boot from USB was a bit tricky. For those who care (that would be those with Samsung laptops or ultra books) I needed to set the BIOS to: Pressing F2 at the very beginning of the boot gets you to the BIOS settings. Disable fast BIOS mode. Otherwise it w...
by jebmke
Sun Nov 12, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4045

Re: How do you project the amount of income you will have in retirement?

In agreement with other posters one should consider that the process is to project desired retirement spending and see if one will have the resources to support that spending. While some resources such as SS or a pension are income, a portfolio is not directly a source of income. It is a reservoir ...
by jebmke
Sun Nov 12, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4045

Re: How do you project the amount of income you will have in retirement?

And how that isn't projecting the income you are expecting to be available in retirement? Best I can tell everyone is saying I don't project retirement income I project if my retirement income will be sufficient which I assume requires projecting your expected retirement income. Not at all. In fact...
by jebmke
Sun Nov 12, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4045

Re: How do you project the amount of income you will have in retirement?

I should add that I do a rolling cash flow plan for 12 months out. Beyond a couple of months the spend numbers are pretty squishy except for known large items like quarterly tax payments and our real estate tax bill (July). This gives me a little visibility on when I might need to sell something in ...
by jebmke
Sun Nov 12, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4045

Re: How do you project the amount of income you will have in retirement?

The only reason I make any assumptions about income in the future is for preparing pro-forma tax returns and making sure my estimated taxes will be sufficient to avoid a significant penalty. I do proforma returns for Next year - for this, I can estimate dividend income pretty well - close enough for...
by jebmke
Sun Nov 12, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 1619

Re: Form 5498 or 1099R (IRA to Roth Conversion)

Many people file their returns with an IRA (or HSA) contribution without supporting forms.

As for conversions (or other distributions), custodians will send you a 1099-R, usually by the end of January which is plenty of time to file a tax return.
by jebmke
Sun Nov 12, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Growth of Medicare Advantage enrollment
Replies: 68
Views: 3795

Re: Growth of Medicare Advantage enrollment

I live in a rural area with no Advantage options. I am hearing the same trend (PCPs and other docs) dropping out of Medicare from a sibling who lives in an urban area. That trend hasn't hit here yet. What has hit here is closing of hospitals and fewer providers generally. An Advantage system isn't ...
by jebmke
Sun Nov 12, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 30
Views: 2813

Re: H&R Block Software

Last year Amazon had a special around $29 -- in December I think -- and they automatically give you the extended download service since they deliver it through their digital download service.
by jebmke
Sun Nov 12, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Growth of Medicare Advantage enrollment
Replies: 68
Views: 3795

Re: Growth of Medicare Advantage enrollment

I also continue to hear from friends and acquaintances that, in this area, a significant majority of Primary Care Physicians (Internal medicine, Family Practice) will not accept new patients on Medicare. They will, however, usually continue to see existing patients who go on Medicare. One friend wa...
by jebmke
Sun Nov 12, 2017 9:00 am
Forum: Personal Consumer Issues
Topic: Windows 10 System image on USB flash drive
Replies: 27
Views: 1613

Re: Windows 10 System image on USB flash drive

I used to use free Clonezilla to image hard to replace PCs. I think that's what you want...an image that you could restore that includes everything. There's a learning curve, but it worked well. We eventually got where we could run it remotely and image a number of PCs overnight...over the network....
by jebmke
Sat Nov 11, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1651

Re: Donor Advised funds

Over the years, I've come to appreciate donating appreciated shares as a rebalancing method. During prolonged bull markets, I'll make relatively large contributions to my DAFs; during bear markets, I'll make few to none. My decision to make grant recommendations will then be based on "my" DAF balan...
by jebmke
Sat Nov 11, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 6109

Re: Isn't it safer to NOT sign Credit card?

Checkbook? :shock: I know we have one around here somewhere.
by jebmke
Sat Nov 11, 2017 5:23 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 75
Views: 8402

Re: Retirees: I got this!!

I didn't retire until after I was comfortable that our money would last a lifetime. Same here. Actually, I didn't pay much attention to the numbers until other factors entered into the decision. It wasn't a financial decision for me. But I did have to verify that the pile was enough before planning...
by jebmke
Sat Nov 11, 2017 5:20 pm
Forum: Personal Consumer Issues
Topic: Liquid egg whites in a carton - shelf life
Replies: 2
Views: 369

Re: Liquid egg whites in a carton - shelf life

We have kept them in the fridge for a few weeks (more than two).
by jebmke
Sat Nov 11, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 28
Views: 2038

Re: What backup service to use?

iCloud is not really backup, because (i) everything in iCloud is also on your Mac and (ii) it only has the most recent version. Delete something on your Mac and it will be deleted from iCloud. Probably better than nothing but you are correct, it isn't a proper backup. The few times I have had to re...
by jebmke
Sat Nov 11, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1651

Re: Donor Advised funds

You've got it backwards. It doesn't expand your tax deferred space, but the charity's. It's not your tax deferred space, but the charity's. For exactly that reason, not to mention the costs, you proposal is inferior. Right. Absent administrative or other reasons such as those DM200 elaborated on, b...
by jebmke
Sat Nov 11, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1651

Re: Donor Advised funds

There are also some "niche" DAFs - often associated with particular religious denominations. An entity associated with my denomination has one, but I do not participate. Community Foundations also have a niche here. They are a good way to make endowments to community organizations that do not have ...
by jebmke
Sat Nov 11, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1651

Re: Donor Advised funds

It allows you to donate appreciated shares and not pay taxes. You don't need a DAF to do this but it can make the process simpler once the DAF is set up. Donor Advised Funds also have value for making donations (grants) anonymously. I've not understood the argument to not use a DAF because the expe...
by jebmke
Sat Nov 11, 2017 10:42 am
Forum: Investing - Theory, News & General
Topic: What percentage in state municipal bonds?
Replies: 9
Views: 831

Re: What percentage in state municipal bonds?

Every time I look at state specific funds for Maryland, the spread makes it pretty close to a wash vs. national funds.
by jebmke
Fri Nov 10, 2017 12:38 pm
Forum: Personal Consumer Issues
Topic: Septic tank - deal killer?
Replies: 47
Views: 3959

Re: Septic tank - deal killer?

Anyone else own septic tanks who can give us an idea of how much it costs to maintain them? How often do they need to be emptied and what does that cost? It is really function of size and usage. Ours is two 1,500 gallon tanks. We are only two adults and we don't send anything down the drain that ha...
by jebmke
Thu Nov 09, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Medigap policy cost
Replies: 68
Views: 34770

Re: Medicare Medigap policy cost

A few agents may be like that but they rarely last a long time. Premiums are the same whether you buy direct from an insurer versus from an agent. A good agent will certainly be more objective than an insurance employee don't you think? Probably. I found that the best information came from the stat...
by jebmke
Thu Nov 09, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Medigap policy cost
Replies: 68
Views: 34770

Re: Medicare Medigap policy cost

pintail07 wrote:
Thu Nov 09, 2017 6:08 pm
My wife and I have been with MOO for 3 years, no rate increases, paid lots of benefits, couldn't be happier.
Benefits are defined and the same for all policies of the same type. Rates are state specific. Many states publish the rates for all insurers licensed to sell Medigap in the state.
by jebmke
Thu Nov 09, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for a surviving spouse's income
Replies: 16
Views: 1627

Re: Planning for a surviving spouse's income

Another thing to factor into your consideration is that starting in the year after the year of your death , her tax rate may well be higher than the rate you now experience. The only way to confirm this is to experiment with tax software to see what the taxes would be on the lower income when she no...
by jebmke
Thu Nov 09, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Having second thoughts about building up hsa
Replies: 17
Views: 1474

Re: Having second thoughts about building up hsa

When mine was audited they only asked for Receipts for current year reimbursements. Verification that the deposit went to an HSA (I sent the 5498) for the contributions made in the year under examination. Proof of qualification for HSA for the year of examination. Despite the fact that my reimbursem...
by jebmke
Thu Nov 09, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Are all Payroll-->HSA contributions pre-tax?
Replies: 11
Views: 631

Re: Are all Payroll-->HSA contributions pre-tax?

Trying to figure out if my (employee) 2016 HSA contributions should have reduced my AGI on 2016 tax return. My W2 shows $1200 of employer contributions to my HSA (box 12), but it doesn't show my employee contributions (~$5550) anywhere on the W2. All of my contributions to the HSA come direct from ...
by jebmke
Wed Nov 08, 2017 2:42 pm
Forum: Personal Consumer Issues
Topic: Time to recover vision from cataract lens replacement
Replies: 13
Views: 662

Re: Time to recover vision from cataract lens replacement

I was 20/20 at test day after replacement. Astigmatism reduced just a bit more (to negligible) after a couple weeks when swelling went down.
by jebmke
Wed Nov 08, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: anyone else have trouble logging in to SSA or IRS sites?
Replies: 7
Views: 558

Re: anyone else have trouble logging in to SSA or IRS sites?

When I tried to create a new My SSA account it got bounced. When I called them they said that if I had a credit freeze on, that was probably it - they ping your data against one of the credit bureaus. I have to go into the SS office to get the account created.
by jebmke
Tue Nov 07, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Donor advised fund at Vanguard or elsewhere?
Replies: 49
Views: 4006

Re: Donor advised fund at Vanguard or elsewhere?

Your DAF would be considered at "50% charity." If you make a cash contribution to your DAF, the maximum you'd be able to deduct on Schedule A is 50% of your AGI; if you make a contribution of appreciated assets, then you would be limited to deducting 30% of your AGI for the year of your donation. H...
by jebmke
Tue Nov 07, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?
Replies: 39
Views: 3889

Re: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?

IlliniDave wrote:
Tue Nov 07, 2017 9:11 am
Just like living in Chicago back in the day!
Boston: "Vote often and early for James Michael Curley.'
by jebmke
Tue Nov 07, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Does Our Chimney Need a Liner?
Replies: 8
Views: 817

Re: Does Our Chimney Need a Liner?

If you have gas, then switch to it. Or Use only wood stove pellets and you won’t burn the house down. We converted to a gas insert in a 1909 house in Wisconsin and never looked back. No smoke, no wood mess. Provided a good back up in case the power went out (gas boilers but circulating hot water re...