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I don't; I just assume things will probably be about the same going forward (in real dollars) and if I believe I know of something significant that will change, I incorporate the change. The biggest factor that changes in the future is income taxes for me.

However, I'm really only thinking in terms of averages. If I look back at 15 years of history, our expenses were extremely variable year to year -- much more variable than I would have thought going in.

OP Why are you attracted to buying at this time? You could have bought any time before or could buy in future The prices are lowering now in the Bay Area and the mortgages are very high so all cash seems like a good idea. Also this house is fairly new in an area that has mostly older houses coming on the market, but let's say that's not going to be the only newer house. I can wait until the job situation becomes more clear though, house is not an urgent need - just wanted to check if I'm missing out big time by not taking advantage of the lowered prices. Obviously nobody knows how far things are going to unravel in tech but it isn't impossible that the major employers keep removing employees in layers of 5-10% at a time until they find out...

Doom&Gloom wrote: ↑Tue Mar 28, 2023 7:38 pm I have made no plans for myself.

I love a good surprise!

I'm thinking of having them roll me out into the marsh. I was going to go go with cremation but the older I get, I find I'm less tolerant of the heat.

Until this year I always paper filed because you can't know for sure that what gets e-filed is an accurate representation of what would be paper filed. But this year I finally relented due to the significant delays encountered with paper filing. It appears to have worked fine. For a paper return, you can't know what the low level clerk entered when they retype your entire return in their system. My worst nightmare return was my 2009 which I had to paper file due to residual ex-pat items. They eventually had to admit that they lost the entire file and I had to resubmit. My refund, which was substantial due to 1341 deduction, arrived the summer of 2012. My e-file was accepted three minutes after it was transmitted this year. A new record. My...

ps56k wrote: ↑Tue Mar 28, 2023 11:44 am After thinking about it … for way future RMD time
Guess just have to have the end of year balance.
then wonder if Fidelity will offer their auto RMD calculator for the 403b account like they have on their IRA accounts.
Just full RMD amount added as normal income without the potential hassle of any 8606 forms…
Where exactly does the 403b withdrawal amount get entered on the 1040

Line 5

and please edit the subject

f35phixer wrote: ↑Tue Mar 28, 2023 9:56 am this ones in TENN.

What Binoculars do you use JEB for birding? Struggling on whether to spend money on bridge camera or just use my 10x42 to at least see the bird and get as good as i can with my 200mm lens.

Right now I'm using Leupold 8*42 for bins but I am about to pull the trigger on 10*42 (probably Zeiss). For waterfowl and shorebirds a scope is the only alternative. We have a couple of scopes. One of our regular birding friends has a huge camera so I don't do any photography except very occasional jury-rigged digiscope through one of the spotting scopes; the digiscoping is often not very good.

btw., wood warblers area starting to arrive in MD which is very early.

9/23 is six months and the annual rate is consistent with similar CDs being sold today on VG.

f35phixer wrote: ↑Tue Mar 28, 2023 9:42 am Angel the Leucistic Red Tailed Hawk - What a beautiful Hawk !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

https://www.youtube.com/watch?v=WQ0mCowoEUI

I saw one of those about three years ago in Wicomico County. It was a long way off and perched in a tree; at first we thought it was an early Snowy Egret in an odd place but when we got binoculars on it it was a nearly snow-white red-tail. I think there are RSs that also have this trait.

goshenBogle wrote: ↑Tue Mar 28, 2023 7:59 am Let me clarify...

I am NOT talking about the January distribution which would be for tax year 2023. I know the total dividends for tax year 2022 at the end of Dec 2022 but this is not the problem.

I do NOT know the "qualified dividends" and these dividends impact the tax due and are declared at the END of January 2023. The total capital gains for 2022 are also declared at the END of January 2023 and both are declared too late for the Jan 15 estimated tax payment.

Hopefully this clarifies my original question.

Yes; that is highly unusual though. What fund is that?

gavinsiu wrote: ↑Mon Mar 27, 2023 11:20 pm So everyone knows if the fed raises interest rate, bond value falls because existing bonds with lower interest rate are worth less. The reverse happen if the feds lowers rate.

This isn’t always true. FED rate is an overnight rate and bonds respond to longer rates. Longer rates may or may not move in concert with short rates.

livesoft wrote: ↑Mon Mar 27, 2023 7:20 pm If you are using an accountant or other professional to prepare your tax return, then ask them. If you are preparing your own tax return, then do what the professional would do for you yourself: Fill out a dummy tax return with the current tax-prep software and away you go.

With my H&R Block desktop version it is pretty easy. copy the 2022 file, rename, go in and jam in adjusting entries; I just pick a place that is either ordinary income or cap gain/div income to trigger the right tax calc. Close enough is good enough. Interest on small error is peanuts.

tenkuky wrote: ↑Mon Mar 27, 2023 6:53 pm Is it OK to file via paper due to this, and pay online to ensure confirmation of payment? No refund due, tax owed.

Yes; this is how I do it. File but pay via EFTPS (Direct Pay would work as well).

michaeljc70 wrote: ↑Mon Mar 27, 2023 5:21 pm I think cooking them on a grill make a big difference. Particularly over charcoal. I like bacon on my burgers. I usually make my own sauce which is usually a Smashburger type sauce or BBQ sauce but sometimes an aioli. I like my burgers fairly thick and not cooked passed medium. Toast the buns. Brioche buns are great. Sometimes I make my own buns, but not usually. If I make my own buns I make a bunch of them and freeze the extra.

I wouldn't use any beef with less than 20% fat. Too dry.

I’ve had no problem with dryness with as low as 10%. The key is to make them thick, don’t cook too long (pink, bordering on red) and never compact or smash which forces out all the moisture.

Hello I discovered that I probably made a mistake with a backdoor roth. My wife has a Rollover IRA in her account from an old 403b plan. That rollover has about $85,000 in it. She did not have a Traditional IRA otherwise, and the word "rollover" for some reason just borked my brain and I did not account for it as an IRA when I decided to do a backdoor roth. As such, in both 2021 and 2022 tax years I made a contribution ($6,000 each time) to an empty "Traditional IRA" and did a backdoor roth, completely forgetting and ignoring the old ira rollover sitting in an adjacent account. I have no clue what next steps are to resolve this. Any pointers would be greatly appreciated. OP, you need to clean this up. Your post is a mix...

I usually do a pro-forma tax return for the year and then adjust my ES payments. Most years I set up automatic payments based on the safe harbor. Half way through the year I assess my trajectory and might dial down Q3 and Q4. Certainly by January of 2024 I'll know 2023 with near certainty so I can adjust or even eliminate the Q4 payment.

I think this shortage of people to do home repairs is nation wide. I suspect it isn't so much a shortage of handyman rather than a shortage of what people are willing to pay a handyman more or the same as what they could earn doing something else. So many small projects take a lot of time to plan out, complete, and clean up after but from what I see, most people balk at paying very much over what materials cost. There are so many jobs needing people that pay better and are probably easier too, that in order to secure a handyman, one needs to shell out more money. The handful of people I know with handymen, all pay on a weekly basis regardless if needed or not. Just like a house cleaner or lawnmower service. Generally the handyman comes ove...

Also on cheeseburgers I don't care for American cheese. If they don't have Swiss, cheddar, pepper jack etc. I just order a hamburger. Imo, American is easily the best for a grilled cheese sandwich. For burgers, it's okay, but not my favorite. Blue cheese is my go to for a burger - add some extra peper - melt on some blue cheese - best flavor in my opinion. My wife doesn't agree - she prefers chedar and then topped with guacamole. She bought 5 cheese choices for our last cookout - everyone had a different preference on cheese mixed with rare/medium and I almost went mad trying to keep track of them all. Never again. 2 cheese choices max going forward. I rarely use cheese but blue is my first choice. Well sautéed mushrooms and then cheese ov...

Make your projects BIG, way BIGGER than you ever thought such as remodeling the entire home. Or sell "as is" and buy something more suitable. We just had our roof replaced and the exterior of our home repainted. Since the paint crews were on site, we convinced them to do a few additional things on the interior. OTOH, I just repaired myself the garage door opener and the lawn irrigation system. Neither were particularly hard to do. My friends who are your age do even more than me and lend me tools and sometimes help out. Of course, I reciprocate by lending out tools and helping them as well. I try to do the same. We have a pretty good contractor for remodels who is more than happy to address small fix-it stuff when I tack it on to...

This is also why we nixed the idea of ever owning a boat [same applies to second home]. Even if you have the skills, eventually the physical requirements will interfere as well.

The problem is widespread. My plan (I'm 70) is to get our house in shape to sell in the coming years and down size - perhaps to a condo or townhouse with minimal outside support needed and access to public transportation. Driving is also on my radar. I will not be one of those older drivers who should not be driving but is anyway.

pshonore wrote: ↑Mon Mar 27, 2023 12:29 pm Usually buy 90/10 Ground sirloin. Occasionally 85/15 ground chuck. Cooked on a hot Weber. Both fresh ground at a small local grocer. There's usually enough left over for one burger the next day. I've been noticing lately that the day old "aged" burger seems to taste better although I'm not sure why.

Might be drying. When I do burgers I try to make them up mid-afternoon and put them on a wire rack in the fridge - then take them out and let them warm up for a while before cooking.

"Teen" is a pretty wide range. At 19, required reading in my economics course was Random Walk (Malkiel) along with several early papers by Gene Fama.

50% ground beef/50% ground lamb also a good combination. Ground lamb tends to be lean but butcher can grind some lamb fat to blend in.

From time to time I will use 50% ground pork/50% country sausage mixed with ground toasted fennel seed; served with apples sauteed with chopped shallot.

Neither are technically burgers but cooked the same as a beef burger and a break from plain beef.

I'm not a fan of generalizations. So, I'm not sure what it means.

I use ground sirloin that I get from a local Amish meat market. Generally it is ground that morning or at the very least, late in the prior day. I use salt and pepper. No buns, no cheese. Medium rare to medium on a 400-degree gas grill generally takes 13-13.5 minutes.

Valuethinker wrote: ↑Mon Mar 27, 2023 9:10 am

Grt2bOutdoors wrote: ↑Sun Mar 26, 2023 9:58 pm You should not look at the cash flow statement in isolation. It’s best to read the income statement and balance sheet in conjunction with the cash flow statement to understand what the year over year changes were and how it affects the cash flow of the company. Reading the notes would be helpful to you as well.

As to your question if the company is unprofitable, the income statement shows the company is profitable.

Are you looking at this particular company for your schooling or for some other reason?

Cash flow on banks is a difficult measure in any case.

Movements in deposits & borrowings can be huge and dwarf any operational number.

That was my thought. A bit like measuring water "flow" in a reservoir.

I would follow the instructions that the Comptroller provides

https://www.marylandtaxes.gov/individua ... _Forms.php

I've filed hundreds of returns by e-file in recent years but the only paper ones I've filed have been 502-X which is a special case (Amended return).

I agree with others that the Key Bank folks are mainly looking for a way to tap into YOUR money.

45/55 at your age does not strike me as excessive risk but without knowing what your overall income and expenses are aside from the investments (e.g. social security and/or pension income, annual expenses) it is only a guess.

We are 70 this year and are about 45/55 and have no plans to reduce equity percent -- especially if it meant incurring additional taxes to make the change.

I pre-load AMEX HYSA around April 1 to cover four quarters of estimated taxes. EFTPS is set to debit my checking account when they are due so AMEX is set to push the exact amount due into my checking account a couple of days in advance.

Thanks for the reminder, I need to set up ES payments next week.

How does the rate compare to, say, Vanguard's Federal Money Market Fund which is currently paying 4.65% ? Keep an eye on the total picture and not just the bonus.

If isn't a simple formula.

Just as an example, my spreadsheet feeds off a tax table (note - this formula will be useless for you)

=IF(G97>$D$8,$G$8+$I$8*(G97-$D$8),IF(G97>$D$7,$G$7+$I$7*(G97-$D$7),IF(G97>$D$6,$G$6+$I$6*(G97-$D$6),IF(G97>$D$5,$G$5+$I$5*(G97-$D$5),IF(G97>$D$4,$G$4+$I$4*(G97-$D$4),G97*$I$3)))))

G97 is the taxable
Column D is the income threshold for the bracket (MFJ)
Column G is the tax on income under the bracket
Column I is the tax rate on income over the threshold.

Birdforum. A lot of British posters so you have to get used to the lingo.

stan1 wrote: ↑Sat Mar 25, 2023 5:25 pm I would use the day it leaves your account (end of day valuation which should be on your Vanguard statement).

If this is millions of dollars at stake I'd be working with your CPA.

That would be a lot of carryover for most here given the 30% limitation.

I have used E-Z Ink for my Canon. So far, so good.

Artsdoctor wrote: ↑Sat Mar 25, 2023 5:07 pm

jebmke wrote: ↑Sat Mar 25, 2023 4:57 pm I believe the valuation is the average of the low and high on the date the shares transfer out of your control.

Yes, you can do this with a stock or ETF but I don't think it applies to mutual funds since it would be the NAV for the date you're using.

Correct for stocks. Would probably be the last NAV while still in your possession. I've never done funds, only individual shares. Do they transfer after 4pm on that biz day?

I believe the valuation is the average of the low and high on the date the shares transfer out of your control.

No, you will not receive a 1099-r on the IRA. Eventually (May/June) you will receive a 5498 which is purely informational.

CC1E wrote: ↑Fri Mar 24, 2023 3:01 pm Depending on your drinking habits you may get by with Level-1 charging (120v outlet), especially if it’s a 20 amp circuit.

Is charging faster or slower for those who drink?

whodidntante wrote: ↑Fri Mar 24, 2023 5:13 pm

Pu239 wrote: ↑Sun Mar 19, 2023 8:01 pm What's a bingo board?

Banks that are located on high-traffic roads tend to have electronic signs that flash numbers and short messages. When I find a sweet enough deal, I shout "bingo!" and make a mental note to stop in. You can take it from there.

all I've ever seen is the temperature

The issue I have with muni bonds is they are often compared to treasuries (and perhaps brokered CDs) on the basis of tax-equivalent yield alone. But this is not really a valid comparison (IMO) because the munis are not as safe, and do not hold-up nearly as well in the face of market turmoil. So you need to decide if the slight effective tax advantage is worth it to you. I usually throw in extra basis points to try to adjust for this when comparing. Not scientific but unless there is a clear advantage, I typically go with Treasuries. edit: also, because my marginal tax rate can move around a bit, I normally don't even look seriously at munis unless the B/E tax rate gets above 27% for Federal; and starting this year I also have to roll NIIT ...

The SEC yield on Wellesley is a lot higher than Wellington.

DAFs are also a good place do dump remnants in a portfolio or other misfits that have unrealized gains. I had a legacy stock holding get acquired so I dumped it in the DAF before having the gain forced on me.

billfromct wrote: ↑Fri Mar 24, 2023 2:38 pm Did you talk someone in the NJ SHIP (State Health Insurance <Assistance> Program) office? I guess they leave out the “A” in the acronym so it’s easier to recognize. I guess SHIAP wouldn’t be too easy to remember.

I believe every state provides this unbiased advice concerning Medicare programs, usually via a phone call.

bill

right; also, in many states, the insurance regulators have a lot of information on their web sites.

123 wrote: ↑Fri Mar 24, 2023 2:45 pm Perhaps the biggest advantage of DAFs is the ability to donate appreciated securities. You don't pay the capital gains tax on the securities you transfer to the DAF account and the full current value of the securities counts as the amount donated for tax purposes.

You can also donate appreciated securities directly to a charity. The value deducted depends on whether the gain was long term or short term and there is a maximum amount that can be deducted based on income. Running it through a DAF can be administratively much easier, particularly for smaller charities that aren't set up to handle non-cash asset donations.

CAsage wrote: ↑Fri Mar 24, 2023 2:13 pm Using a DAF is really only worthwhile if you plan to donate a big chunk on an infrequent (i.e. more than yearly) basis and then dole out grants for a fraction of that annually.

That is a major benefit but there are other good reasons for using a DAF. One is to fund multiple charities with a single donation of securities. This is mainly for administrative ease to avoid having to donate slices of shares at a time. Two, and important to some, DAFs are a good vehicle for making anonymous donations.

anoop wrote: ↑Fri Mar 24, 2023 1:57 pm

jebmke wrote: ↑Fri Mar 24, 2023 1:55 pm

anoop wrote: ↑Fri Mar 24, 2023 1:53 pm Thanks. A related question -- are the capital gains/losses from selling of treasuries subject to state income tax?

Depends on the state. In MD, gains are not taxed.

It's CA. Is there an easy way to check this?

CA probably has an instruction book for preparing a CA resident return.

anoop wrote: ↑Fri Mar 24, 2023 1:53 pm Thanks. A related question -- are the capital gains/losses from selling of treasuries subject to state income tax?

Depends on the state. In MD, gains are not taxed.

sure; normally I like to apply losses to either ordinary income or gains that I need to take strategically (e.g. re-balance or withdrawal for spending).

Per SSA, a 60 year-old woman can expect to live about 25 years, and a 60 year-old man about 21 years (if I'm reading the tables correctly). You do realize that your hypothetical 60 year-old woman/man each have a 50% chance of surviving longer? That makes those values just about useless for any sort of retirement planning ... unless you want to plan for a 50% chance of failure. They are from the Social Security administration (citation link in my post), you can direct any complaints to them. 😀 I have no question about the accuracy of the numbers and thus have no bone to pick with the SSA. I was questioning if you understood what life expectancy means. IDpilot is correct. Social Security Actuarial Life table, used for 2022 does show life exp...