Search found 56 matches

by itsf8
Mon Feb 17, 2020 11:48 pm
Forum: Personal Consumer Issues
Topic: Club Med
Replies: 11
Views: 1923

Re: Club Med

Years ago went twice to Club Met Turks and Caicos (adults only.) It's an older Club Med but was the most relaxing, casual vacation and great snorkeling, free paddle boards, e tc. Not sure if they hurricanes destroyed the place. Club Met has good pricing if you catch one of their deals. Others we met...
by itsf8
Mon Feb 17, 2020 11:34 pm
Forum: Personal Consumer Issues
Topic: Visiting NYC with a family - logistics?
Replies: 29
Views: 2053

Re: Visiting NYC with a family - logistics?

Yes, Newark is your best choice. You may want to also rent the car in NJ. Check out prices in Hoboken, Jersey City or anywhere on the Path train line--an quick and easy trip from Manhattan or from Ft Lee as you can take bus right over the Washington Bridge. Best to avoid drive over the river/thru tu...
by itsf8
Sun Feb 09, 2020 11:09 am
Forum: Personal Consumer Issues
Topic: Converting 16 mm home movies to DVD/digital.
Replies: 7
Views: 509

Re: Converting 16 mm home movies to DVD/digital.

I also have 16mm reels and am interested in any conversion recommendations.
by itsf8
Mon Nov 11, 2019 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: [Medicare & IRMAA]
Replies: 8
Views: 1119

Re: [Medicare & IRMAA]

Thank you cyclesafe and all.
by itsf8
Sun Nov 10, 2019 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: [Medicare & IRMAA]
Replies: 8
Views: 1119

Re: [Medicare & IRMAA]

Thank you all. Just to be sure I understand, a charitable distribution (in this case, to a charitable gift fund), will not benefit me in terms of MAGI/IMRAA, correct? I was thinking of a contribution higher than I normally would take in the hopes to reduce IMRAA my first year. By year two I'll have ...
by itsf8
Sat Nov 09, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: [Medicare & IRMAA]
Replies: 8
Views: 1119

[Medicare & IRMAA]

Neat year I become Medicare eligible. Regarding IMRAA, I know from this forum non-taxable dividends are adding back to the AGI. Is a charitable contribution deduction also added back?
Thank you
by itsf8
Sun Aug 25, 2019 5:42 pm
Forum: Investing - Theory, News & General
Topic: My Fido retirement meeting pushing me to SMA
Replies: 90
Views: 8942

Re: My Fido retirement meeting pushing me to SMA

Thanks All. SeekingaPlan, for tax purposes, even in retirement, I will keep munis, including NY munis. To be honest, I haven't considered the total but 500K in munis seems high. I spoke to the rep about this but, in view of my inheritance, personal smaller IRA and 403 accounts, when reaching 70 in s...
by itsf8
Tue Aug 20, 2019 1:58 pm
Forum: Investing - Theory, News & General
Topic: My Fido retirement meeting pushing me to SMA
Replies: 90
Views: 8942

Re: My Fido retirement meeting pushing me to SMA

I, too, recently met with my two Fido reps to see about readjusting my portfolio for tax efficiency and to address duplication. I expect to retire in a year (no pension but 403B and a comfortable inherited IRA so I don't need to have dividends for expenses.) With the market unstable, I currently hav...
by itsf8
Fri Aug 09, 2019 12:53 am
Forum: Personal Consumer Issues
Topic: Should college student major in environmental science?
Replies: 50
Views: 3477

Re: Should college student major in environmental science?

Consider an undergraduate Environmental & Occupational health major, sometimes under public health. There's also a grad level MS where partial tuition grant funding is sometime available through NIOSH, assuming federal funds continue this support. The major is broad and one can eventually get an ind...
by itsf8
Sat Jun 29, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 132
Views: 8099

Re: Relocate to Seattle or NYC

I wanted to add, if you end up in NY and like nature and less population, you may want to consider Westchester and taking Metro North. Another college, returned to NY with her midwest husband two years ago after long away. Lived in Manhattan. Easy commute but rent was excessive & they disliked it. T...
by itsf8
Sat Jun 29, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 132
Views: 8099

Re: Relocate to Seattle or NYC

While I've lived elsewhere, I was born in and currently live in NYC (Queens area known as the most ethnically diverse in the U.S.) I visited Seattle twice many years ago and I'm sure it's different today. That said, I utterly agree with the majority sentiment, including those born and who live here ...
by itsf8
Sat Mar 02, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: 2018 1099-R code P and code 8 tax reporting question
Replies: 2
Views: 421

Re: 2018 1099-R code P and code 8 tax reporting question

Thank you Kaneohe. TIAA and my employer were in communication. There figures mis-match and, despite all efforts, I cannot get this mis-match corrected. From my perspective, I received correct W-2's in 2017 and 2018 from my employer. If a Boglehead is knowledgeable in this area, I remain interested i...
by itsf8
Tue Feb 12, 2019 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 1099-R code P and code 8 tax reporting question
Replies: 2
Views: 421

2018 1099-R code P and code 8 tax reporting question

Due to a combined employer HR and TIAA error, I had a relatively small 403B Roth 2017 excess contribution which was refunded to me early 2018. For 2018 taxes, TIAA sent a Form 1099-R with Code P representing the refund of excess contribution and a Form 1099-R with Code 8 for the $36.95 in earnings o...
by itsf8
Tue Feb 12, 2019 10:44 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4591
Views: 1279349

Re: What Book Are You Currently Reading? Part VI

The Water is Wide by Pat Conroy
The Cigar Factory by Michelle Moore
by itsf8
Sat Jan 12, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Should I Keep Financial Records of Deceased Relatives
Replies: 20
Views: 1676

Re: How Long Should I Keep Financial Records of Deceased Relatives

Thank you. Yes, we still have the holdings so I'll preserve the basis info.
by itsf8
Sat Jan 12, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Should I Keep Financial Records of Deceased Relatives
Replies: 20
Views: 1676

Re: How Long Should I Keep Financial Records of Deceased Relatives

My accountant said to hold estate returns forever (I have a binder w/the backups.) So this isn't the case?
by itsf8
Sun Nov 25, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Question in qualifying for an itemized return in 2018
Replies: 4
Views: 622

Re: Question in qualifying for an itemized return in 2018

Thank you. As I'm in the 25% tax bracket and in a high tax state (NY), it appears to me it would still be tax beneficial as, I presume, I could deduct the full $3K charitable deduction from the NY return (or, even, just 1K if that would be all that's allowed.) For those in NY or a high tax state, do...
by itsf8
Sun Nov 25, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Question in qualifying for an itemized return in 2018
Replies: 4
Views: 622

Question in qualifying for an itemized return in 2018

Hello, I'm trying to get clarification on how I may qualify for an itemized return in order to deduct State/Local taxes and charitable contributions. File single. If I have 10K State/Local deduction and make a 3K charitable contribution, does the combined total count as exceeding the now 12K or must...
by itsf8
Sun Nov 04, 2018 3:53 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5788
Views: 1380904

Re: What Movie Have You Recently Watched?

The Man Who Knew Infinity - available on DVD
by itsf8
Wed Apr 11, 2018 11:11 pm
Forum: Personal Investments
Topic: Where should I put 10K that is gifted to me?
Replies: 9
Views: 976

Re: Where should I put 25K that is gifted to me?

Check out online Purepoint Financial (bank.) They offer high interest. I've found their site simple, and they are very nice to engage with via phone. If you are in NYC and visit the bank, the interest rate on a regular account is 1.75% with CDs higher.
by itsf8
Sat Apr 07, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Taxes IRD & annuity question [Income in Respect of a Decedent]
Replies: 1
Views: 237

Taxes IRD & annuity question [Income in Respect of a Decedent]

Hoping someone can advise on the tax treatment of an inherited annuity. In 2017 I took a lump sum distribution of a 2012 inherited annuity- I was both the contingent owner and sole annuitant. At the time of death, the gain over the cost basis was apx 22K. I have a K-1 (1041) which lists $22,515 unde...
by itsf8
Sun Apr 01, 2018 1:38 am
Forum: Personal Finance (Not Investing)
Topic: HR Block & NY tax questions
Replies: 0
Views: 1190

HR Block & NY tax questions

Having previously used a CPA, I'm experimenting with HR Block (CD) for 2017 taxes and have a few questions: 1. I made a large charitable donation in 2017. On the NY state return, HRBlock is reducing the deduction by about $3200, For unusual reason, my State AGI this year exceed 100K, but the NY tax ...
by itsf8
Wed Aug 24, 2016 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Living Options
Replies: 52
Views: 6087

Re: NYC Living Options

While NYC is expensive, you can definitely find places less costly, and more interesting, outside Manhattan. Some have mentioned Brooklyn which is the 'hip' borough and long ago also become expensive. Astoria is great, especially for someone young, as is Sunnyside (not as known by super convenient a...
by itsf8
Sat Dec 28, 2013 12:15 am
Forum: Personal Investments
Topic: Fidelity Tax Free Bond question
Replies: 3
Views: 559

Re: Fidelity Tax Free Bond question

Thanks to you both. It was recommended by my Fidelity rep about two years ago. I was seeking a to lost harvest and, instead, sold part of a Fido GNMA holding I obtained the fund via an inheritance. Once I get the current portfolio together in the bogle manner, I plan to post on bogleheads for help w...
by itsf8
Thu Dec 26, 2013 11:16 pm
Forum: Personal Investments
Topic: Fidelity Tax Free Bond question
Replies: 3
Views: 559

Fidelity Tax Free Bond question

Hello,
As it is long term, would anyone have thoughts about Fidelity Tax Free Bond (FTABX). It's in a Fido brokerage acount, and wondering if I should sell at a loss.
by itsf8
Wed Dec 25, 2013 1:52 am
Forum: Personal Investments
Topic: 69 year old would like retirement planning help!
Replies: 35
Views: 2594

Re: 69 year old would like retirement planning help!

Hello, An related question on the inherited IRA described below... If the second beneficiary receives a non-taxed NYS pension, can the pension be considered as part of their 10K exemption so that I can take the full deduction on my inherited IRA distribution (not close to 20K but more than 10K.) Ear...
by itsf8
Thu Jun 06, 2013 3:24 am
Forum: US Chapters
Topic: New York City Local Chapter established
Replies: 279
Views: 110190

Re: New York City Local Chapter established

I'm also in for the NYC chapter. Sony Plaza sounds ideal or the NYPL. If nothing crops up for the first meeting, I may be able to get a room at work @ 119th St & 3rd Avenue.
by itsf8
Sat Mar 02, 2013 9:40 am
Forum: Personal Finance (Not Investing)
Topic: 1041 return prep cost
Replies: 3
Views: 1108

Re: 1041 return prep cost

Thanks Bertilak. I may have misrepresented a bit. There's are few assets involved (SS, about $500 in pension, Fidelity dividends, bank interest, apx $12,00o after expenses from a kind of coop, but then a $65K costs basis to an annuity which had no beneficiaries and which went to the deceased.) I'm t...
by itsf8
Fri Mar 01, 2013 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: 1041 return prep cost
Replies: 3
Views: 1108

1041 return prep cost

Hi Bogleheads,
A CPA of a family member quoted $225 as his hourly charge to prepare a 1041 (NYC). Can anyone say a fair rate? It is not a complex 1041, but we would not want to do this via TT or other software program.
by itsf8
Tue Jan 08, 2013 3:13 am
Forum: Personal Finance (Not Investing)
Topic: seeking advice selecting a tax accountant
Replies: 9
Views: 1132

Re: seeking advice selecting a tax accountant

Hello bsteiner. Pardons to tap into this thread, but I am in NY and we would welcome recommendations for an accountant to do a what I don't believe is a complicated fiduciary return which is due in March. I am also a recipient of an inheritance and am considering speaking to an estate planner if you...
by itsf8
Wed May 16, 2012 8:17 am
Forum: Personal Investments
Topic: annuity help
Replies: 4
Views: 1004

Re: annuity help

Thanks John. We will look for a CPA or attorney experienced in this area.
by itsf8
Mon May 14, 2012 11:50 pm
Forum: US Chapters
Topic: Any interest in forming Local Chapter on Long Island NY?
Replies: 39
Views: 8825

Re: Any interest in forming Local Chapter on Long Island NY?

I'm in Queens and would love to participate if on LI near some form of public transit (bus, LIRR or if NYC folks might be interested in a ride share.)
by itsf8
Mon May 14, 2012 11:46 pm
Forum: Personal Investments
Topic: annuity help
Replies: 4
Views: 1004

Re: annuity help

Thanks Johnm. Regarding the annuity which has the estate as beneficiary, would you or a fellow Boglehead know who pays the "income" taxes on the gain -- the estate of the beneficiaries to the estate account? Knowing who pays taxes on this distribution should help us figure out how to handle the othe...
by itsf8
Fri May 11, 2012 12:18 am
Forum: Personal Investments
Topic: annuity help
Replies: 4
Views: 1004

annuity help

I am a beneficiary on three annuities and have questions re how to best take the distributions. I do not need the income in the near future and am considering the tax consequences of any required distribution (live in NY.) First question, unfortunately the beneficiary of one annuity is the estate. T...
by itsf8
Sun Mar 04, 2012 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question about deductability of at home caregivers
Replies: 6
Views: 1402

Re: Tax Question about deductability of at home caregivers

Hello, I have a similar question. My Aunt is 97 and in an assisted living which requires we pay for a 24/7 aide @ apx $3300 per month. We are charged through the assisted living which charges an additional apx $4300 for the room/board. Together or individually, both annual costs exceed AGI 7.5%. Can...
by itsf8
Sat Feb 04, 2012 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Social Security permanent address question
Replies: 6
Views: 1232

Re: Social Security permanent address question

Bongleur, Thanks again. I will check into the locality help sites. We have a long existing POA which the SS administration doesn't accept. The address was change on us when I went to file their particular form. I checked their website for the question on elsewhere living for medical reasons and for ...
by itsf8
Sun Jan 29, 2012 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security permanent address question
Replies: 6
Views: 1232

Re: Social Security permanent address question

Thanks Bongleur. We don't have an accountant. What occurred is I went to the SS office to submit their form required so I can speak to them about the recipient's SS. She had been in rehab and was moved to the assisted living for a second time following rehab. The SS rep said that must be input as he...
by itsf8
Sat Jan 28, 2012 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security permanent address question
Replies: 6
Views: 1232

Social Security permanent address question

If someone receiving SS has the last year been living in assisted living due to current health reasons but the permanent home address is still the old address, does SS have the right to force a change of address (this also impacts the Medicare advantage monthly cost and may result in the recipients ...
by itsf8
Sat Dec 25, 2010 2:07 pm
Forum: Personal Investments
Topic: taxes-BDA ira tax credit
Replies: 1
Views: 565

taxes-BDA ira tax credit

Hello,
I'm thinking of doing my own taxes this year. I've taken a BDA IRA distribution the last years and received a tax credit for estate taxes paid. Can anyone say how I calculate this credit (done the last year by my accountant who will not share this information.)
Thanks
by itsf8
Sun Feb 21, 2010 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Employement and vacation question
Replies: 9
Views: 1169

Employment and vacation question

Thanks all. I already work lots of overtime and from home on weekends for which I'll never see compensation. Tricky thing about discussing with the union is the grant position is not within a union so the time earned was will be pre-union participation. Before the new appointment, the union told me ...
by itsf8
Sun Feb 21, 2010 3:35 am
Forum: Personal Finance (Not Investing)
Topic: Employement and vacation question
Replies: 9
Views: 1169

Employement and vacation question

I'm hoping to get some advice on how to approach a labor question. I've been working 7+years for a large NY State educational institution where I've been paid through a grant but receive traditional vacation, 403b and health benefits. As a result of my years, I accrue apx 2 vacation days per month. ...
by itsf8
Sat Jan 23, 2010 1:35 am
Forum: US Chapters
Topic: Any interest in forming Local Chapter on Long Island NY?
Replies: 39
Views: 8825

LI local chapter -is there a NYC chapter

Someone referenced an NYC chapter. Is there one in any of the five boros?
by itsf8
Thu Jan 21, 2010 2:05 am
Forum: Personal Consumer Issues
Topic: Laptop or Desktop?
Replies: 78
Views: 9852

desktop or laptop

I bought a Compaq CQ5210F desktop from Staples two months ago on sale for $300 and I'm quite satisfied (already had a monitor.) As I also plan to get a netbook or small laptop for portability, didn't want to pay too much for the desktop. If going a desktop route, you may want to also check out Lenov...
by itsf8
Tue Jan 19, 2010 12:35 am
Forum: Personal Investments
Topic: consolidation advice for 94 year old
Replies: 24
Views: 3101

94 yr old-POA

She has a living will and advance directive (guess the will suffices?) but this is the first I've heard of a medical POA. We as a family did have to make such life support decisions for one parent. As I am not the child of this relation, is a medical POA needed? I'm also unfamiliar with the concept ...
by itsf8
Mon Jan 18, 2010 12:11 am
Forum: Personal Investments
Topic: consolidation advice for 94 year old
Replies: 24
Views: 3101

94 yr old-POA

Hi Kenbrumy, In the case of my relation, though she can sign documents, she wants me to deal with all financial questions via phone, email or in person. For this, all the firms require the POA. Also, since they are so inconsistent with who will or will not accept the legally signed POA from some yea...
by itsf8
Sun Jan 17, 2010 3:28 am
Forum: Personal Investments
Topic: 94 yr old 2+
Replies: 2
Views: 666

94 yr old 2+

Wanted to add, re the POA, I already had problems with one annuity firm who said they accept POA's not older than six months! In NYC, seems banks are inconsistent with their rule. TD, for example are fine a POA signed of any age while others also quote anywhere from six months to one year. As my rel...
by itsf8
Sun Jan 17, 2010 3:23 am
Forum: Personal Investments
Topic: 94 year old #2
Replies: 17
Views: 1619

94 year old #2

Thanks to everyone. This is very helpful and a confirmation of my thinking. My relation was reluctant to consolidate some years ago but I think she senses a decline (shaky hands, unstable walk) and now seems willing to open to the suggestion. She only did a will three years ago with me and my sister...
by itsf8
Sat Jan 16, 2010 1:54 am
Forum: Personal Investments
Topic: consolidation advice for 94 year old
Replies: 24
Views: 3101

consolidation advice for 94 year old

Love reading the forum. I'd like some advice on whether or not to consolidate stock/bank holdings for my 94 relation for whom I'm power of attorney. She has paper and electronic individual stocks held in a number of places including Mellon, BNY, individual company accounts and then cash in three sep...
by itsf8
Tue Dec 29, 2009 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity annuitant question
Replies: 9
Views: 1816

Thanks Mephistophles. Can you tell me how I would locate a recommended CLU? Doing a websearch didn't yield clear results. In the interim, I did speak to a rep of the firm who accepted the POA and provided me much information. He also agreed to send me a copy of the contract. It's a fixed annuity wit...