Search found 8501 matches

by jebmke
Mon Jan 21, 2019 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: 55yrs old 50/50 or 60/40 in this environment
Replies: 10
Views: 872

Re: 55yrs old 50/50 or 60/40 in this environment

the difference between the two is not material IMO.
by jebmke
Mon Jan 21, 2019 5:14 pm
Forum: Personal Consumer Issues
Topic: Help me understand Google Drive
Replies: 15
Views: 1085

Re: Help me understand Google Drive

As long as your desktop is also connected to the internet, it should update in the background once the newer version you have on the laptop has been uploaded to the cloud (also in the background). My own experience is that OneDrive is more reliable than Google Drive, which had a tendency of duplica...
by jebmke
Mon Jan 21, 2019 5:12 pm
Forum: Personal Consumer Issues
Topic: Help me understand Google Drive
Replies: 15
Views: 1085

Re: Help me understand Google Drive

I'm a teacher and now have 2 work computers, previously I've only had one. I want to make the desktop the primary and the laptop the one I use sometimes. I downloaded Google Drive today and set it to backup everything on the desktop. I come home with the laptop and can find a file using the web bro...
by jebmke
Mon Jan 21, 2019 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account - help invest wisely please!
Replies: 8
Views: 605

Re: Taxable account - help invest wisely please!

I live in MD. Whenever I have looked at MD muni funds, the rate difference made it essentially a wash. We ditched an emergency fund many years ago. We still hold muni funds but that is because our taxable account is larger than our desired equity holding. From time to time I have switched between mu...
by jebmke
Sun Jan 20, 2019 5:03 pm
Forum: Forum Issues and Administration
Topic: Why can't I post polls anymore?
Replies: 3
Views: 490

Re: Why can't I post polls anymore?

yes, a few years ago
by jebmke
Sun Jan 20, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: 2019 Camry vs RAV4
Replies: 39
Views: 3595

Re: 2019 Camry vs RAV4

I think the 2018 and 2019 are a little lower that the pre 2018 one's are. What year is yours? The Camry was lowed in 2018. It was lowered in 2018; we test drove 2017 and 2018 over a period of about 8 months. I find it a bit awkward getting in and out. Probably also a function of size of the person ...
by jebmke
Sun Jan 20, 2019 11:01 am
Forum: Investing - Help with Personal Investments
Topic: HSA Records: For the IRS, how much is enough?
Replies: 18
Views: 1115

Re: HSA Records: For the IRS, how much is enough?

Audits (individual) are rare in general.
by jebmke
Sun Jan 20, 2019 10:39 am
Forum: Investing - Help with Personal Investments
Topic: HSA Records: For the IRS, how much is enough?
Replies: 18
Views: 1115

Re: HSA Records: For the IRS, how much is enough?

neilpilot wrote:
Sun Jan 20, 2019 10:20 am
So feel free to continue to debate the validity of EOB records, but I would be most interested in hearing about actual IRS audit activity.
viewtopic.php?p=4330247#p4330247
by jebmke
Sun Jan 20, 2019 10:04 am
Forum: Investing - Help with Personal Investments
Topic: HSA Records: For the IRS, how much is enough?
Replies: 18
Views: 1115

Re: HSA Records: For the IRS, how much is enough?

As much as I'd like to protect the full amount in the HSA, I have to say, this seems pretty attractive, especially if my wife outlived me. This is the kind of mess I wouldn't want to leave to her. This was my conclusion. We have been through more than one family deaths with associated administrativ...
by jebmke
Sat Jan 19, 2019 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Records: For the IRS, how much is enough?
Replies: 18
Views: 1115

Re: HSA Records: For the IRS, how much is enough?

One thing that simplifies my record keeping is that I have asked my main providers (family physician, dentist) to provide me an annual statement at the end of the year. It shows amount paid by me, by insurance and amount written off. I also download full year records of prescription activity from ph...
by jebmke
Sat Jan 19, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings Contributions Credit
Replies: 3
Views: 235

Re: Retirement Savings Contributions Credit

the contributions made in 2018 for 2017 will count toward the savings credit calculation.
by jebmke
Sat Jan 19, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: IRS Form 8606
Replies: 14
Views: 1273

Re: IRS Form 8606

I filed it when I made deductible contributions and then later when I did ROTH conversions from the IRA. I did not file it in years I didn't make a contribution or distribution. When I purge my files I always keep the return and the F8606.
by jebmke
Sat Jan 19, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: Tell me your HSA strategy/advice
Replies: 27
Views: 2087

Re: Tell me your HSA strategy/advice

Has anyone ever reported actually being audited by the IRS over HSA expenses? I received a CP letter from the IRS two years in a row that included inquiries on my HSA. Both letters involved broader inquiries (mainly Schedule A) but they requested all documents supporting entries on Form 8889. I had...
by jebmke
Fri Jan 18, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring in NJ, no taxes?
Replies: 10
Views: 1055

Re: Retiring in NJ, no taxes?

According to Forbes, $100k of "retirement income" will be excludable from New Jersey tax returns, but this does not include investment income from taxable accounts. https://www.forbes.com/sites/ashleaebeling/2016/10/13/new-jersey-retirement-income-break-to-quintuple/#75cb19d39446 Always have to rea...
by jebmke
Fri Jan 18, 2019 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: CD ladder vs Treasury ladder for short-term "backup" EF
Replies: 8
Views: 967

Re: CD ladder vs Treasury ladder for short-term "backup" EF

Last time I looked -- which was 2-3 weeks ago -- CDs were yielding a bit more than Treasuries. If this is a taxable account you'd have to adjust for state income taxes if you have them. If the CD is materially better, the only question left in my mind is whether you have sufficient liquidity to get ...
by jebmke
Fri Jan 18, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: IRS and fed shutdown and balance due
Replies: 8
Views: 1348

Re: IRS and fed shutdown and balance due

They would have officially declined her waiver, not just sent a bill. You should have her go ahead and pay the money. If her appeal to waive the penalty is granted, then they will refund the money. Usually if this is her first violation of any of these and she wasn't too late and there aren't any o...
by jebmke
Fri Jan 18, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Rolled Over 401k to IRA - Tax Documentation?
Replies: 5
Views: 261

Re: Rolled Over 401k to IRA - Tax Documentation?

I rolled my 401K over to an IRA and received a tax form showing I took the distribution. What documentation do I need to include with my tax statement to prove this was rolled over to an IRA? Was this a direct rollover or an indirect rollover? The latter requires a minor bit of data entry in tax so...
by jebmke
Fri Jan 18, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Rolled Over 401k to IRA - Tax Documentation?
Replies: 5
Views: 261

Re: Rolled Over 401k to IRA - Tax Documentation?

I rolled my 401K over to an IRA and received a tax form showing I took the distribution. What documentation do I need to include with my tax statement to prove this was rolled over to an IRA? Was this a direct rollover or an indirect rollover? The latter requires a minor bit of data entry in tax so...
by jebmke
Wed Jan 16, 2019 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 15996

Re: Why are your NOT buying rental properties?

mak1277 wrote:
Wed Jan 16, 2019 2:31 pm
I would say I'm not interested in hustling.
Exactly. No matter how good a property manager is, there is still a time sink. We had some rental property for a few years. The happiest day of that period was when we sold it.
by jebmke
Wed Jan 16, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: How to set android phone to send phone solicitors directly to voice mail.
Replies: 27
Views: 1720

Re: How to set android phone to send phone solicitors directly to voice mail.

Only my spouse has my cell phone number. I simply don't answer any calls that aren't her.
by jebmke
Wed Jan 16, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Is IRS mailing W2 and W3 forms?
Replies: 5
Views: 610

Re: Is IRS mailing W2 and W3 forms?

I have only skimmed the IRS contingency plan for the shutdown. It defines all the roles that are being recalled to volunteer for the IRS.

It isn't a good sign that the first page of the "Lapsed Appropriation Contingency Plan" says

"This page intentionally left blank."
by jebmke
Tue Jan 15, 2019 6:24 pm
Forum: Personal Consumer Issues
Topic: 2019 Camry vs RAV4
Replies: 39
Views: 3595

Re: 2019 Camry vs RAV4

If you are older than 50, I would recommend Rav4. Camry is more difficult to enter and exit when older. It is lower to the ground. My wife bought a 2018 Camry. I have had the same experience - it is very low and getting in and out is a bit of work. I prefer my 2008 RAV4 even though it doesn't have ...
by jebmke
Tue Jan 15, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2110

Re: Can I afford a 50k car? If so, whats the best way to do it?

I thought 60 was the new 50. What happened?

edit: if you have to ask anonymous people on the internet if you can afford a car, good chance the answer is no.

edit #2: or yes.
by jebmke
Tue Jan 15, 2019 5:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Roth Tax Accounts Distribution Code Errors
Replies: 16
Views: 613

Re: Vanguard Roth Tax Accounts Distribution Code Errors

They can figure your RMD based on what they know. Whether you comply with the statute is not their concern - it is just another code 7. They would never defend you in tax court. This does raise the question about code 1 vs. 7 though - they are representing your age there.
by jebmke
Tue Jan 15, 2019 5:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Roth Tax Accounts Distribution Code Errors
Replies: 16
Views: 613

Re: Vanguard Roth Tax Accounts Distribution Code Errors

Does Vanguard know your age from some verification process or do they simply know what your told them?

I can't recall ever giving any proof of my birth date or any similar information to VG (I don't even know if I told them my birth date when I started with them - it was a long time ago).
by jebmke
Sun Jan 13, 2019 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Fund and Brokerage cannot use same sweep account?
Replies: 9
Views: 652

Re: Vanguard Fund and Brokerage cannot use same sweep account?

To me the most significant lost feature is the ability to direct dividends from one fund into another. I haven't checked my annual statements yet but at one point, another disadvantage was that the December brokerage statement did not include a full year of transaction history, only the current mon...
by jebmke
Sun Jan 13, 2019 6:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard accounts
Replies: 18
Views: 1294

Re: Vanguard accounts

Russianbear wrote:
Sun Jan 13, 2019 6:17 pm
How do taxes and stuff work as far as investments go?
Income realized in taxable accounts is reportable on your tax return. Whether it results in a tax liability depends on many factors including what the investment is and other entries on your return.
by jebmke
Sun Jan 13, 2019 6:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard accounts
Replies: 18
Views: 1294

Re: Vanguard accounts

Yes, you can open up as many accounts as you like.
by jebmke
Sun Jan 13, 2019 8:52 am
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 69
Views: 3975

Re: Brake fluid replacement?

2009 corolla currently has 167k miles on it. Just replaced brakes/rotors for a 3rd time...never once changed brake fluid. Never had to, levels have never been low. When I look at the Toyota maintenance manual for my 2008 RAV4 there is no mention of brake fluid. The schedule goes out to 120,000 miles.
by jebmke
Sat Jan 12, 2019 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover - why checks instead of wiring funds?
Replies: 42
Views: 2469

Re: Rollover - why checks instead of wiring funds?

Make sure you approach this from the receiving company's vantage point, not the current 401k provider. Vanguard can tell you the process to be followed. This is why, when it came time to rollover my 401(k) at Fidelity I opened an IRA at Fidelity . The rollover (some to Tira and some to ROTH) took 1...
by jebmke
Sat Jan 12, 2019 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Rollover - why checks instead of wiring funds?
Replies: 42
Views: 2469

Re: Rollover - why checks instead of wiring funds?

Make sure you approach this from the receiving company's vantage point, not the current 401k provider. Vanguard can tell you the process to be followed. This is why, when it came time to rollover my 401(k) at Fidelity I opened an IRA at Fidelity . The rollover (some to Tira and some to ROTH) took 1...
by jebmke
Fri Jan 11, 2019 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: RMD Withdrawal Plans
Replies: 6
Views: 714

Re: RMD Withdrawal Plans

401(k) accounts are heavily governed by the plan rules setup between the 401(k) plan's sponsoring employer and its custodian. Have you considered rolling the Schwab 401(k) into a Schwab IRA where you aren't bound by the employer agreement? I am surprised that so many people do not transfer their 40...
by jebmke
Fri Jan 11, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10240

Re: Millionaire by 40 and How you Did it?

Married well + stock options (company bought out).
by jebmke
Fri Jan 11, 2019 11:35 am
Forum: Personal Consumer Issues
Topic: What is an appropriate retirement gift?
Replies: 23
Views: 1350

Re: What is an appropriate retirement gift?

This is one of the best retirement gifts I have received. I have given a couple as well.

https://dayclocks.com/
by jebmke
Thu Jan 10, 2019 3:38 pm
Forum: Personal Consumer Issues
Topic: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?
Replies: 82
Views: 5533

Re: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?

When I was growing up there were four of us kids. Somehow we fit in a station wagon (all six of us). We even took a vacation in that wagon with an Irish Setter in the back end. Cars were pretty big back then, I guess.
by jebmke
Thu Jan 10, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: Your Vanguard Page
Replies: 32
Views: 2864

Re: Your Vanguard Page

Once monthly timed when doing bills. Never to check performance, just to ensure all is security secure in 2015Land. Pretty much the same here unless I have something specific I need. Most of our spending is either credit cards or direct debit. Near the end of the month, the CCs close and I know the...
by jebmke
Wed Jan 09, 2019 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Question rolling after-tax 401k contributions to Roth IRA
Replies: 3
Views: 179

Re: Question rolling after-tax 401k contributions to Roth IRA

I believe the ability to do an in-service rollover is a question that needs to be answered by looking at the 401(k) plan document and/or talking to the plan administrators. Normally, the plan would have to allow it. Some do not.
by jebmke
Tue Jan 08, 2019 8:58 pm
Forum: Investing - Theory, News & General
Topic: It was a dip. Did you notice? The December drop is over.
Replies: 51
Views: 6864

Re: It was a dip. Did you notice? The December drop is over.

livesoft wrote:
Tue Jan 08, 2019 8:56 pm
^Isn't it nice that your bond funds made a lot of money in December?

Also, I am posting about the 1-month return and not the December return.
I thought everyone knew that interest rates had nowhere to go but up.
by jebmke
Tue Jan 08, 2019 6:52 pm
Forum: Local Chapters and Bogleheads Community
Topic: The quest is the quest – the emotional letdown of winning the game.
Replies: 24
Views: 2458

Re: The quest is the quest – the emotional letdown of winning the game.

I'm not sure I understand. By "leave the table", do you mean that you will no longer invest/manage your portfolio, quit working, or something else? I was confused as well. Unclear whether OP means stopping financial management or quitting his/her job. I never viewed either (investing or working) as...
by jebmke
Mon Jan 07, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: How Does MD Tax Qualified Dividends & Capital Gains?
Replies: 4
Views: 405

Re: How Does MD Tax Qualified Dividends & Capital Gains?

Maryland treats dividends and capital gains as ordinary income with very little exception. One can exclude capital gains and exempt interest/dividend income on certain municipal bonds/bond funds that are tax exempt in MD but to my knowledge, there are no other exceptions for investment income.
by jebmke
Sun Jan 06, 2019 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Clark Howard looks at new 1040 tax form for 2018
Replies: 28
Views: 3760

Re: Draft 8606 for 2018 taxes

...I hate to mention it for those who suffered angst last year, but there doesn’t appear to be a Form 8606... And the IRS is one of the agencies affected by the shutdown. I've read that if you use home tax-prep software to file, it won't really be filed--the tax prep company will just hold your fil...
by jebmke
Sun Jan 06, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Tax liability question
Replies: 8
Views: 723

Re: Tax liability question

I agree with Alan - really need to know what it was for.
by jebmke
Sun Jan 06, 2019 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Clark Howard looks at new 1040 tax form for 2018
Replies: 28
Views: 3760

Re: Clark Howard looks at new 1040 tax form for 2018

I hate to mention it for those who suffered angst last year, but there doesn’t appear to be a Form 8606. I suspect that there are numerous forms and publications still in process. I haven't seen Pub 17 yet. Only one of the Pub 590s was out last time I checked (A I think). But Form 1116 is out so yo...
by jebmke
Sun Jan 06, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Clark Howard looks at new 1040 tax form for 2018
Replies: 28
Views: 3760

Re: Clark Howard looks at new 1040 tax form for 2018

To anyone who has already downloaded (or completed online) preliminary vendor tax software I don't see how this is new news. I can't wait for the final version to get this filing over with. I already know I'm going to be doing my fair share to reduce the deficit as a result of deliberate shifts in ...
by jebmke
Sun Jan 06, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 5977

Re: How do you view a savings surplus in retirement?

TheTimeLord wrote:
Sun Jan 06, 2019 11:20 am
So nobody would view it as a lump sum spendable pool of money to be dipped into at will?
Once we reach 70.5 we will be starting a program to give much of it away.
by jebmke
Sun Jan 06, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: DNS internet site filtering
Replies: 8
Views: 635

Re: DNS internet site filtering

I use this portable app for making quick changes to the DNS server settings https://www.nirsoft.net/utils/quick_set_dns.html sometimes when it appears that "the internet is down" at some location, it is actually the case that the default DNS server (usually the one provided by the ISP) is offline. I...
by jebmke
Sun Jan 06, 2019 5:17 pm
Forum: Personal Consumer Issues
Topic: Who pays for apps?
Replies: 42
Views: 2475

Re: Who pays for apps?

I paid for iBird and The Warbler Guide.
by jebmke
Fri Jan 04, 2019 6:26 pm
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 3760

Re: Paying (paper) cash for daily transactions

Where I live many of the businesses are actually cash only businesses. I had never seen this before until I moved here. One of these places is a barbecue restaurant that is fairly well known and has been in several magazines. There's several more restaurants in my area that accept cash only. We hav...
by jebmke
Fri Jan 04, 2019 6:01 pm
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 3760

Re: Paying (paper) cash for daily transactions

Aside from counterfeiting and fraud issues, these shops try to minimize the amount of cash on hand—particularly if the average transaction is under $20 (e.g., a sandwich shop). If a store has 50’s and 100’s around (or even the extra 20’s for making change), that’s a lot of extra cash in the till. T...