Search found 7330 matches

by jebmke
Sun Feb 18, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make a horrible mistake with my 401a rollover?
Replies: 8
Views: 493

Re: Did I make a horrible mistake with my 401a rollover?

Hmm, not sure what that says about TT. I just put in the same data in HR Block - it took me 1 minute and it got it right the first time - one 1099-R.
by jebmke
Sun Feb 18, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: Old 401k Statements
Replies: 8
Views: 395

Re: Old 401k Statements

I kept my final statement which shows the rollover out of the 401(k) with zero balance. Mine had some AT amount so I also wanted to have a record of the account split. Only a couple of pages so I decided to keep. Just last month I ditched the entire file except this statement. New Year resolution to...
by jebmke
Sun Feb 18, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make a horrible mistake with my 401a rollover?
Replies: 8
Views: 493

Re: Did I make a horrible mistake with my 401a rollover?

The 1099-R appears correct. This is exactly what I did in 2013. My guess is that there is a check box or other flag that you need to make in the tax software to make the taxable amount zero on your 1040. What is showing in Box 2a - should be blank?
by jebmke
Sat Feb 17, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Issue - "Foreign source amount included in dividends"
Replies: 11
Views: 1098

Re: TurboTax Issue - "Foreign source amount included in dividends"

Zero for foreign source income says you had no foreign source income and thus no foreign taxes. And unless one is using the simplified method, wouldn't form 1116 result in no FTC being carried over to the 1040? I've never entered zero in the form so I don't know what would happen. If I have no fore...
by jebmke
Sat Feb 17, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: Windows 10 > task manager > App history > photos--what is it?
Replies: 3
Views: 291

Re: Windows 10 > task manager > App history > photos--what is it?

I've probably given too much information for an average user, but for those who are serious about taking control of their systems, it's nice to know what tools are available. Thanks for these links. I have a couple W10 systems running and this summer will be building a customized W10 image for my T...
by jebmke
Sat Feb 17, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 82
Views: 6603

Re: Retirees: The common sense withdrawal method

My point in starting this thread was that before computers or sophisticated models, my suspicion is that some people financially navigated their way through retirement. Was wondering if some, like me, are doing that. My mom did. I'm not implying that I spend whatever I want, whenever. This was how ...
by jebmke
Fri Feb 16, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Quick Tax Question
Replies: 4
Views: 359

Re: Quick Tax Question

I you think you are over withholding then I would adjust one of them to get to the desired amount (approx) to avoid a large refund. I have read a couple of articles that seem to imply that the withholding tables are not very accurate and might leave people owing signiticant amounts when they file in...
by jebmke
Fri Feb 16, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Quick Tax Question
Replies: 4
Views: 359

Re: Quick Tax Question

I'm not sure I understand. Why do you think that different rates apply to different portions of the year?
by jebmke
Fri Feb 16, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Bonus and Tax reporting
Replies: 6
Views: 387

Re: Bank Bonus and Tax reporting

I think some people are reporting this on Line 8a
by jebmke
Fri Feb 16, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 82
Views: 6603

Re: Retirees: The common sense withdrawal method

We haven't explicitly added the comment that life is very different when a substantial fraction of one's "withdrawal" is actually income streams from pensions, annuities, and Social Security (or even other sources). Whether or not it should be part of the withdrawal method that a person lacking ann...
by jebmke
Fri Feb 16, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 82
Views: 6603

Re: Retirees: The common sense withdrawal method

for those trying to figure out if they have enough to retire. Figuring out whether you have enough and actually managing the withdrawal are two different problems. Obviously, the closer to the edge one is, the more scrutiny is required. However, keep in mind that over the years millions of people h...
by jebmke
Fri Feb 16, 2018 8:35 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 82
Views: 6603

Re: Retirees: The common sense withdrawal method

This is also called "the Taylor Larimore method." It is what I follow. I know a lot of retirees since I work along side many of them in TaxAide centers. I don't know any who use a mathematical method for managing their cash flow. Most use the Taylor method. Many have some pension, social security an...
by jebmke
Thu Feb 15, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: When can a married person file Single or Head of Household? [temporary absence question]
Replies: 28
Views: 999

Re: When can a married person file Single or Head of Household? [temporary absence question]

HueyLD wrote:
Thu Feb 15, 2018 11:26 am
I suggest that Neuro stay out of their tax affairs.
This is a good suggestion.
by jebmke
Thu Feb 15, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: When can a married person file Single or Head of Household? [temporary absence question]
Replies: 28
Views: 999

Re: When can a married person file Single or Head of Household? [temporary absence question]

But would a married separated person file "married" (joint or separate), while a spouse files HOH? I'm not sure how that works. If one files HOH, then the other must file MFS for Federal purposes. Some states require the same status as Federal but others allow different status. One needs to consult...
by jebmke
Thu Feb 15, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: When can a married person file Single or Head of Household? [temporary absence question]
Replies: 28
Views: 999

Re: When can a married person file Single or Head of Household? [temporary absence question]

I'm no expert in this at all, but I don't understand at all how the husband could file as single if he was not considered unmarried, per Pub. 501. I am not aware of any circumstances where someone who is legally married can file as Single. As far as I know there are only two options - Married Filin...
by jebmke
Thu Feb 15, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: How Inflation Works (NYT)
Replies: 21
Views: 2112

Re: How Inflation Works (NYT)

As a retiree, I am currently a creditor. Inflation is bad, bad, bad. For me. I just started a non-COLA DB pension this year. The low inflation over the last 10 years since I retired have put me slightly ahead of where I expected to be at this point. An uptick in inflation is very bad for retirees w...
by jebmke
Thu Feb 15, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Employer Seems Clueless About HSAs and Taxes
Replies: 4
Views: 445

Re: Employer Seems Clueless About HSAs and Taxes

Your main mistake here is going to HR about a payroll issue. My rule has always been to avoid asking HR about anything involving numbers. The people who have to produce correct payroll records and W2s are typically in the payroll department (which in some companies is outsourced). Talk to them first...
by jebmke
Wed Feb 14, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: No 1099-MISC yet
Replies: 9
Views: 635

Re: No 1099-MISC yet

You can complete Schedule C without the 1099-Misc. As long as you have your own documentation of the income received you should be fine. I can't imagine the IRS complaining that you added unsupported income and paid more in taxes. But perhaps there is a special form that you have to fill out? I've a...
by jebmke
Tue Feb 13, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Question for TaxAide Volunteers
Replies: 10
Views: 762

Re: Question for TaxAide Volunteers

Thanks everyone. I worked at a different site today and had a carryover from yet a different site pop for me. It appears that global carryover is active - intentionally or not.
by jebmke
Mon Feb 12, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Question for TaxAide Volunteers
Replies: 10
Views: 762

Question for TaxAide Volunteers

I was working at one of our sites on Saturday and was surprised to be able to get carryover data on taxpayers who had been to another site (different SIDN and EFIN) last year. This happened for at least two taxpayers and another counselor at the site reported that he had noticed similar results on T...
by jebmke
Mon Feb 12, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 3843

Re: Going Paperless Issues

We try to put most things on credit cards or direct debit. The number of paper bills we receive is small. With everything aggregated it is easy to manage cash flow. 90%+ of the outflow occurs either at the beginning of the month (DDs) or mid-month (CCs). A few bills come by email - our lawn service,...
by jebmke
Mon Feb 12, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: 1099-DIV does not equal income dividends?
Replies: 8
Views: 1129

Re: 1099-DIV does not equal income dividends?

House Blend wrote:
Mon Feb 12, 2018 12:43 pm
and all cases involving less than $300/$600 in foreign tax (Single/MFJ)
Except to the extent that there is no tax liability. FTC is a non-refundable credit.
by jebmke
Mon Feb 12, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Do I pay my dentist bill with HSA card?
Replies: 13
Views: 1219

Re: Do I pay my dentist bill with HSA card?

You owe the $320. The difference ($320-280) can be reimbursed from the HSA. Do not use the HSA debit card to pay the bill or the result potentially is that you have a non-qualified distribution from the HSA.
by jebmke
Mon Feb 12, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Birding binoculars under $500?
Replies: 21
Views: 986

Re: Birding binoculars under $500?

I have used 10x and 8x for birdwatching. If you are going to look at small birds that flit around, 10x is not helpful. It is too difficult to find the target and stay on it. They are OK for shore birds and waders but frankly, for those, you really need a spotting scope. We looked at several manufact...
by jebmke
Sun Feb 11, 2018 9:20 pm
Forum: Investing - Theory, News & General
Topic: Soul searching on interest rates
Replies: 15
Views: 1285

Re: Soul searching on interest rates

Good Listener wrote:
Sun Feb 11, 2018 9:12 pm
It was really interest rate risk only.
Then duration is the main lever here. I try to keep my average duration for all fixed income in the 3-4 range. The only holdings on the long end are individual TIPS held in an IRA.
by jebmke
Sun Feb 11, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: Soul searching on interest rates
Replies: 15
Views: 1285

Re: Soul searching on interest rates

Your first post was focused on duration risk -- assuming away the default risk doesn't change that.
by jebmke
Sun Feb 11, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: HSA section in Turbotax online version & Form-8889
Replies: 19
Views: 1014

Re: HSA section in Turbotax online version & Form-8889

GKSD wrote:
Sun Feb 11, 2018 6:04 pm
nps wrote:
Sun Feb 11, 2018 6:02 pm
Code W is considered the employer contribution even if some or all of it is your own payroll allotment.
Thanks, then what goes on Form 8889 line 2? Contributions made outside of payroll deductions?
Yes, if you (or someone else other than the employer) paid funds to the HSA.
by jebmke
Sun Feb 11, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: Soul searching on interest rates
Replies: 15
Views: 1285

Re: Soul searching on interest rates

You don't say what the alternative is. I have looked at state specific funds for my state and every time I conclude that the spread with national funds makes them a wash at best. That may be the case with NJ. You might consider simply shifting your funds to a national fund with lower duration risk l...
by jebmke
Sat Feb 10, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to enter tax information for forms that I don't have?
Replies: 20
Views: 1294

Re: How to enter tax information for forms that I don't have?

The IRS does not care if you report too much income. This is probably true for interest (any unearned income) but not for earned income. Earned income may have an impact on the Earned Income Tax Credit so "fabricated" income could generate a refundable tax credit that is not justified. I have had t...
by jebmke
Sat Feb 10, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 57
Views: 4732

Re: What backup service to use?

Does the free trial required a credit card and then canceling or no payment method until going permanent?
by jebmke
Fri Feb 09, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Tables
Replies: 10
Views: 1574

Re: 2018 Tax Tables

At the highest income of 100K, the 2017 MFJ table varies $14 for $50 increments in income. In principle the formula runs a curve thru the middle of those points of the table so you should be off by no more than $7 by using the formula for 2018. You don't really need the table until over a yr from n...
by jebmke
Fri Feb 09, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Tables
Replies: 10
Views: 1574

Re: 2018 Tax Tables

As far as I know, the structure published in this Kitces article are still accurate

https://www.kitces.com/blog/final-gop-t ... trategies/
by jebmke
Fri Feb 09, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Tax 2017 Residential Energy Credit Available?
Replies: 19
Views: 1047

Re: Tax 2017 Residential Energy Credit Available?

Dodecahedron, Outstanding, Thanks for this heads up. I’ve been waiting on today’s Tax software updates. I may have missed this without your post. I have my return looking pretty good and all to code but sure will check for energy equipment credit. Sorry about your need for revising all those return...
by jebmke
Fri Feb 09, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tax 2017 Residential Energy Credit Available?
Replies: 19
Views: 1047

Re: Tax 2017 Residential Energy Credit Available?

This is the kind of tipping point change that will drive more TaxAide volunteers to quit. We had record dropout this year in my district. One site closed and two others are marginal and may not make it the rest of the season. One of our largest sites is already fully booked through April 15.
by jebmke
Fri Feb 09, 2018 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Prime MM returns
Replies: 6
Views: 649

Re: Prime MM returns

No - 1/12 of that as long as the rate holds.
by jebmke
Fri Feb 09, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 54
Views: 6217

Re: Financially secure, horrible workplace but just can't FIRE

If you are reluctant to stop working for various reasons why not look for another job?
by jebmke
Fri Feb 09, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: I didn't tax-loss harvest this month, did you?
Replies: 86
Views: 4835

Re: I didn't tax-loss harvest this month, did you?

I didn't tax-loss harvest so far this month nor in January, did you? I had no positions with losses in my taxable accounts to tax-loss harvest. I did, but not by intention. TLHed in December, IntermTerm Tax-Exempt -> Limited Term TE and on January 31 exchanged back to ITTE. Small loss accumulated i...
by jebmke
Fri Feb 09, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: I didn't tax-loss harvest this month, did you?
Replies: 86
Views: 4835

Re: I didn't tax-loss harvest this month, did you?

I did not. I have no losses in taxable.

edit: I may have some losses on muni funds but the six-month look back makes those not worth looking at generally.
by jebmke
Thu Feb 08, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 4082

Re: Who has had a pool?

88-90 in the summer Wow! When ours gets that hot we stop using it. Then we leave the covers off at night and it drops a few degrees. But, yes, we do keep it pretty warm because we swim at night. Yeah, with cooler nights you can shed some heat. Our problem comes when we get a stretch where the night...
by jebmke
Thu Feb 08, 2018 4:14 pm
Forum: Personal Consumer Issues
Topic: Scrapping old computer parts
Replies: 24
Views: 1339

Re: Scraping old computer parts

Check to see if your area has a recycling program. The surrounding counties where I live have a twice yearly date when you can bring in chemicals, electronics and a few other things to be recycled.
by jebmke
Thu Feb 08, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 87
Views: 7282

Re: How to deal with regret

Once I have unrealized losses in my taxable account I harvest them. It provides some sense of "doing something" without impacting our investment strategy.
by jebmke
Thu Feb 08, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 4082

Re: Who has had a pool?

SocalLiving wrote:
Thu Feb 08, 2018 2:22 pm
88-90 in the summer
Wow! When ours gets that hot we stop using it.
by jebmke
Thu Feb 08, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 4082

Re: Who has had a pool?

Replace old power hungry 2HP pump with a variable speed pump ($1,600) Were you happy with this replacement? I have thought about changing ours out. Our pump motor is very near the side of our sunroom and can be quite noisy. Does a variable speed pump run longer but slower than a typical single spee...
by jebmke
Thu Feb 08, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: 30 yr tips auction 2/15: 1.0% yield?
Replies: 72
Views: 5794

Re: 30 yr tips auction 2/15: 1.0% yield?

Still can't fathom purchasing a 30-year bond unless I was confident both the return and cash flow offered by the bond is all I would need. Looking back 30 years and seeing where rates were, and looking back 30 years before that, I just think it's crazy for individuals to do it otherwise. I bought a...
by jebmke
Thu Feb 08, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 3744

Re: HSA...let me get this straight

I will take a stab at this using the "reasonable man" theory based on my personal interactions with the IRS on my own behalf and on behalf of my TaxAide clients. This is also based on discussions with a former agent who works at one of my sites. When the IRS makes a query, unless the amounts are qui...
by jebmke
Thu Feb 08, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 3744

Re: HSA...let me get this straight

Do I need to keep cancelled checks made to the provider, or will just the EOB suffice? I keep the bills. But I am not sure what the IRS will accept. My HSA forms were examined by the IRS one year. They requested all documents supporting the entries on Form 8889. I had copies of receipts; for prescr...
by jebmke
Thu Feb 08, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: 30 yr tips auction 2/15: 1.0% yield?
Replies: 72
Views: 5794

Re: 30 yr tips auction 2/15: 1.0% yield?

I'll get interested again when the 10-year gets up in the 2% range.
by jebmke
Thu Feb 08, 2018 8:23 am
Forum: Personal Consumer Issues
Topic: Smart TVs and privacy
Replies: 4
Views: 548

Re: Smart TVs and privacy

Clicker works for me. Our "smarts" are in the ROKU and the ROKU is not attached to our primary network so it is completely isolated from my computing environment.