Search found 2198 matches

by Chip
Mon Oct 15, 2018 6:06 am
Forum: Personal Finance (Not Investing)
Topic: [Do I need to file IRS Form 1116?]
Replies: 9
Views: 603

Re: [Do I need to file IRS Form 1116?]

I believe you can have up to $600 in credits for MFJ without needing to file Form 1116. Given the way the OP described their situation, I don't believe that they are eligible for the special election to which you refer. Once one exceeds $600 in foreign tax paid, the calculations on 1116 are require...
by Chip
Sun Oct 14, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 97
Views: 4534

Re: Keep a backup hot water heater?

I don't disagree with you, it was just a question given that I don't see teflon tape on the factory install. Plumbers (or DIY videos) tend to put teflon tape in places where is not supposed to be (like in places with a rubber seal). Got it. I definitely agree that plumbers and DIY videos often get ...
by Chip
Sat Oct 13, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Lost Power for 24 hours - what food to toss?
Replies: 38
Views: 2441

Re: Lost Power for 24 hours - what food to toss?

I am talking about soil and raw meat. Not water from sewers and streams. Certain things we are adapted to. I didn't say everything. Way to straw man. Not a straw man at all; you said EXCREMENT in your post. Therefore you shouldn't have any problem drinking from that stream in China. After all, peop...
by Chip
Sat Oct 13, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 97
Views: 4534

Re: Keep a backup hot water heater?

In order to function as a protective device, the anode has to make electrical contact with the steel inner tank. If the anode is insulated from the tank, it will not prevent corrosion of the tank. You must have missed my earlier post. In my experience such tape is ALWAYS cut substantially by the pi...
by Chip
Sat Oct 13, 2018 3:39 am
Forum: Personal Consumer Issues
Topic: Lost Power for 24 hours - what food to toss?
Replies: 38
Views: 2441

Re: Lost Power for 24 hours - what food to toss?

We have been literally eating soil, mixed with excrement, raw muscle meat, raw organs, etc. for millions of years. People honestly think that a couple hundred years of refrigeration or 100 years of being overly sanitary has killed our genetic and evolutionary adaptation to eat raw and soiled food? ...
by Chip
Sat Oct 13, 2018 3:13 am
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 97
Views: 4534

Re: Keep a backup hot water heater?

Is the anode really meant to be installed with teflon tape? Standard installation of a water heater requires no teflon tape on water connection (it's optional on the pressure valve). Only on the gas connection requires teflon tape and even there only on one side. People - even plumbers - overuse th...
by Chip
Fri Oct 12, 2018 5:44 am
Forum: Personal Consumer Issues
Topic: What to do with Bose cube speakers left in rec room
Replies: 17
Views: 1712

Re: What to do with Bose cube speakers left in rec room

Interesting - the forum seems mixed. Thinking I'll try plugging them into my receiver and see what happens. Don't really care if I blow them out. But guessing I'll end up putting in my old speakers. I've read there is a big gap in then 150-280 hz range. I'm by no means an audiophile but do apprecia...
by Chip
Fri Oct 12, 2018 5:17 am
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 97
Views: 4534

Re: Keep a backup hot water heater?

Seems strange, unless the lower portion of the rod had poor continuity. Some installers use teflon tape on the top threads, which can insulate the rod and makes it ineffective unless the lower threads are left bare for continuity. Maybe the factory had an inexperienced or sloppy assembler who used ...
by Chip
Fri Oct 12, 2018 4:49 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on a large Roth conversion if we have a 30-40% correction.
Replies: 22
Views: 2273

Re: Opinions on a large Roth conversion if we have a 30-40% correction.

I did it in 2009 and am obviously happy with the results. However, I had the option of recharacterizing if the market kept going down. That option is no longer available. If you do it you need to understand ALL of the taxes you may be hit with. I'm thinking of the NIIT (Form 8960) in particular. AMT...
by Chip
Fri Oct 12, 2018 4:28 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Yubikey questions
Replies: 20
Views: 3070

Re: Fidelity Yubikey questions

Still using the Symantec VIP app and a long password. Me too. I thought that using the VIP app would be a pain, but it's not. By the time I've navigated to the Fido web site and had Keepass autotype my password, I've been able to find my phone, enter my PIN to unlock it, open the app and get the co...
by Chip
Thu Oct 11, 2018 5:52 am
Forum: Personal Consumer Issues
Topic: Anyone done a Hair Transplant?
Replies: 75
Views: 5020

Re: Anyone done a Hair Transplant?

Over time the hair on my scalp is naturally transplanting itself to my ears, nose and eyebrows. :P
by Chip
Thu Oct 11, 2018 3:56 am
Forum: Personal Consumer Issues
Topic: What to do with Bose cube speakers left in rec room
Replies: 17
Views: 1712

Re: What to do with Bose cube speakers left in rec room

Apparently I don't have the refined musical ear of others, but the Acoustimass-10 system I have sounds just fine to me. From my reading online, Bose seems to be generally hated by those who consider themselves audiophiles. My system was given to me 20 years ago. It is a 5.1 system and has the speake...
by Chip
Tue Oct 09, 2018 5:50 am
Forum: Personal Finance (Not Investing)
Topic: IRS letter on my 2016 return - taxes on backdoor Roth??
Replies: 12
Views: 2786

Re: IRS letter on my 2016 return - taxes on backdoor Roth??

Congrats. Thanks for closing the loop on this one.
by Chip
Mon Oct 08, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Meat Grinder recommendation?
Replies: 11
Views: 1004

Re: Meat Grinder recommendation?

I have both a meat grinder and a Cuisinart food processor. I almost never use the meat grinder any more. Only for large batches. It's a pain to clean! Same here. I usually cut the meat up into 3/4" chunks, then partially freeze it before running it through the food processor in fairly small batches...
by Chip
Tue Oct 02, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: how difficult is Form 1116 (foreign tax credit)
Replies: 12
Views: 609

Re: how difficult is Form 1116 (foreign tax credit)

It's like most things, not too hard once you've done it a few times. :) If you are taking the standard deduction and your qualified foreign dividends are less than 20k it ends up being pretty simple. But it looks complex because the form itself is used for much more than just foreign dividend report...
by Chip
Mon Oct 01, 2018 1:37 am
Forum: Personal Consumer Issues
Topic: how to determine the maintenance schedule for newer cars?
Replies: 18
Views: 1257

Re: how to determine the maintenance schedule for newer cars?

As someone who likes to plan ahead for scheduled maintenance I understand your frustration. With our 2013 Accord I'm using the Maintenance Minder, but have observed the following over the first 90k: Oil change intervals (I change ASAP after hitting 15% oil life), based on our particular driving styl...
by Chip
Mon Sep 24, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: My Very First Smartphone [Samsung Galaxy S9+] — Please Critique This Plan
Replies: 123
Views: 6412

Re: My Very First Smartphone — Please Critique This Plan

You don't have to view this as a decision you'll have to live with for all time. Since you are used to Tracfone, consider what an earlier poster suggested: buy a mid range phone like the Moto G6 or G5+, buy a $10 Tracfone BYOP (bring your own phone) SIM kit, then port your number to the new phone. T...
by Chip
Fri Sep 21, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 43
Views: 4767

Re: Yet another CP2000 for Roth IRA conversion thread

OP here. I just wanted to circle back and close the loop. I called the IRS, and finally got to a human in their AUR department, and he confirmed that my 2016 return is now accepted as originally filed and that no additional taxes are due. I'm very glad to hear that it's resolved. Thanks for closing...
by Chip
Sun Sep 16, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: SEC Settlement Distribution - Tax Implications?
Replies: 9
Views: 488

Re: SEC Settlement Distribution - Tax Implications?

Gill wrote:
Sun Sep 16, 2018 4:04 pm
Which way?
Gill
The way you suggested, as a LT capital gain in the year received. The ^^ was supposed to be a pointer to your message, right above mine. :beer
by Chip
Sun Sep 16, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: SEC Settlement Distribution - Tax Implications?
Replies: 9
Views: 488

Re: SEC Settlement Distribution - Tax Implications?

^^ I have always reported settlements this way in similar situations.
by Chip
Sat Sep 15, 2018 6:03 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 98
Views: 16175

Re: 2017 Relative Tax Efficiency

Sounds like a good theory to explain this anomaly. If it is true, the Fidelity zero funds being brand new may have similar tax efficient beginnings for the next few years. If they don't have any unexpected tracking problems they may be the most efficient funds for awhile. That sounds like a reasona...
by Chip
Fri Sep 14, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Updated Asset Allocation and Fund Placement
Replies: 9
Views: 929

Re: Updated Asset Allocation and Fund Placement

1. Any suggestions/changes on my updated asset allocation for a mid-30's investor? 2. Is my fund placement optimized within my accounts? 3. I was planning to divide international funds into 65% MSCI EAFE, 20% emerging, 15% small cap. Is this reasonable? I agree that AA and placement look good. Your...
by Chip
Fri Sep 14, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7544

Re: Leasing Cars in Retirement

Frisco Kid wrote:
Fri Sep 14, 2018 10:05 am
All purchases in our case would trigger a large taxable event, looking at how leasing might offset that or not......
Not if you take out a loan.
by Chip
Fri Sep 14, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Traditional to Roth conversion
Replies: 9
Views: 734

Re: Traditional to Roth conversion

Thanks. I haven't been keeping records up to this point but I guess I should at least be downloading a copy of the year end statement once a year. Look on your broker's web site to see if you have access to your prior year Forms 5498. These have records of your contributions and conversions. My bro...
by Chip
Fri Sep 14, 2018 7:27 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 98
Views: 16175

Re: 2017 Relative Tax Efficiency

this is a very interesting thread, for my 3 fund taxable portfolio I've was deciding between FTIPX and IXUS. Most of what I read on this forum and the Wiki pointed me towards IXUS in my taxable account because of the tax benefit of ETF vs regular Mutual Fund (not counting Vanguard). This sheet calc...
by Chip
Mon Sep 10, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: What performance to expect from central AC?
Replies: 35
Views: 2391

Re: What performance to expect from central AC?

I'm not sure what the answer is but having the basement open to the main floor significantly changes the calculations and they need to be aware of it. Very true. We had friends with a ranch/finished basement with a huge opening to the basement (6 ft wide open stairway). The upstairs got a lot of af...
by Chip
Sun Sep 09, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: Run Air Conditioner even if not needed?
Replies: 30
Views: 3039

Re: Run Air Conditioner even if not needed?

You must have an electricity guzzling fan! My blower uses about 40 watts when in the Fan On setting, and nothing else is running. That’s less than a lot of cable tv boxes on standby. I do. As I mentioned earlier, my system is 30 years old so the fan motor is a permanent split capacitor (PSC) design...
by Chip
Sun Sep 09, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Run Air Conditioner even if not needed?
Replies: 30
Views: 3039

Re: Run Air Conditioner even if not needed?

My comment about $/kwh was strictly directed at your absurd statement about it was costing me $20/month. Running the fan during the summer helps circulate the cool air and make my home more comfortable at the temperature setting I chose for my A/C. Let's let it at that shall we? I'll be happy to le...
by Chip
Sun Sep 09, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: Run Air Conditioner even if not needed?
Replies: 30
Views: 3039

Re: Run Air Conditioner even if not needed?

I guess you must be paying a lot more per KW hour than me. My entire electric bill for Jun 29 - July 31 (32 days) was $101.66 in Charlotte NC with the A/C running the entire month - no way my A/C fan contributed 20% of the cost. Hot water and furnace are gas but all my appliances are electric. This...
by Chip
Sun Sep 09, 2018 6:49 am
Forum: Personal Consumer Issues
Topic: Cell phone tip: block callers
Replies: 50
Views: 6870

Re: Cell phone tip: block callers

I'd hate to give up on lots of things my smartphone can do: Take a picture and text it to someone. Google something. Read/send email. Deposit a check. Look at bank account. Look at and add to appointment calendar. Lots of other things... I know nothing about Tracfones. Can they do those things? Tra...
by Chip
Sat Sep 08, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Attic Insulation Over Plywood Floor?
Replies: 10
Views: 1174

Re: Attic Insulation Over Plywood Floor?

I'm inclined to go forward with the Fiberglas batts given that 75% of the cost is being picked up by the utility company unless folks here think the Fiberglas install is grossly inferior to the blown in insulation. The energy audit is estimating a cost savings in heating costs of about $250/year ba...
by Chip
Sat Sep 08, 2018 12:56 pm
Forum: Personal Consumer Issues
Topic: Run Air Conditioner even if not needed?
Replies: 30
Views: 3039

Re: Run Air Conditioner even if not needed?

Can you turn the fan on separately from the A/C? If so, I would leave the fan running to keep air circulating. My HVAC contractor recommends keeing the fan on all the time during the summer months. Your HVAC contractor doesn't have to pay your electric bill. That fan uses a fair amount of energy --...
by Chip
Sat Sep 08, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Run Air Conditioner even if not needed?
Replies: 30
Views: 3039

Re: Run Air Conditioner even if not needed?

But yep, run it every other day for an hour to keep the coolant flowing and the motors from atrophying. It's like a whole house generator that needs to go into exercise mode each week. I strongly disagree. Do you run yours every other day year round? I certainly don't and mine has lasted 30 years a...
by Chip
Sat Sep 08, 2018 8:21 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1738

Re: Buy a house that needs full renovation?

If I was the seller and you did that to me, I'd terminate the house sale process and seek financial damages. It isn't reasonable to offer >$250K, then get cold feet and demand a 20% price concession! Based on the results of the inspection, and assuming there was an inspection contingency, it doesn'...
by Chip
Wed Sep 05, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: PDN and FNDC Huge Volumes today [RAFI Dev Mkts ex-U.S. small-mid, Schwab Fundamental Int'l small]
Replies: 6
Views: 632

Re: PDN and FNDC Huge Volumes today

Good question. FNDF is also at about 10x average volume.
by Chip
Mon Sep 03, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 5763

Re: Does it make sense to invest in individual stocks if you stick to what you know?

I mean suppose you're a doctor or a surgeon. The guy actively managing the big Fidelity fund will know much less than you about drugs and stuff like that; he will hold 50 or perhaps 100 stocks in his portfolio in all sorts of fields and he's an expert in none of them. Thanks to your specialised pro...
by Chip
Mon Sep 03, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 5763

Re: Does it make sense to invest in individual stocks if you stick to what you know?

It's a bad idea. The question you should ask is what do you know that the professionals in the market don't.

The answer is NOTHING.

You seem to be looking for a magic bullet. There isn't one unless you can somehow make yourself very lucky. If that's the case, then just buy a lottery ticket.
by Chip
Mon Sep 03, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Commentary? (Mid-7 figures.)
Replies: 18
Views: 1628

Re: Portfolio Review and Commentary? (Mid-7 figures.)

As you know, there are no obvious problems with what you've done so far. Nothing is broken. You've shown you can handle the downside without coming close to blinking. :beer If it makes you feel any better, there are many here with similar small value tilts. So I think it's a question only you can an...
by Chip
Sun Sep 02, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Wet & Forget for roof algae?
Replies: 13
Views: 1853

Re: Wet & Forget for roof algae?

I haven't used it on a roof, but it is a recommended use on the label. I would do it. I personally wouldn't worry about the yard. When I used it on my driveway (after learning about W&F here) there was no effect on the grass adjacent to the driveway. There were some plants next to the driveway that ...
by Chip
Sun Sep 02, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?
Replies: 31
Views: 1969

Re: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?

After having the experience of having something mailed in the same envelope "get lost" by state tax authorities, my inclination would be to go with your 3. Each separate tax year gets mailed in its own envelope with its own cover letter. Yes, it's a little more hassle and a little more expense, but ...
by Chip
Sat Sep 01, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?
Replies: 31
Views: 1969

Re: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?

jacoavlu wrote:
Sat Sep 01, 2018 11:52 am
Do people actually use the term “backdoor Roth” in communications with the IRS? For all of us of course this term clearly and concisely communicates the specific transaction.
No. To the IRS it is a non-deductible traditional IRA contribution followed by a conversion of that tIRA to a Roth IRA.
by Chip
Sat Sep 01, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?
Replies: 31
Views: 1969

Re: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?

Well I’m a little more proud of myself this morning, I thought I had previously checked my 2017 8606 with it being the same as the rest (6-12 blank, part II not completed) but checking just now I managed to stumble through the TurboTax questions correctly because part II is completed. All the prior...
by Chip
Sat Sep 01, 2018 5:02 am
Forum: Personal Finance (Not Investing)
Topic: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?
Replies: 31
Views: 1969

Re: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?

yeah I have considered that exact question... and I don’t know the answer. Hence, this thread. Which of course yields two different answers. I don't know if you've read this thread (since it doesn't have CP2000 in the title), but it covers much of what you're questioning in great detail. Plus there...
by Chip
Fri Aug 31, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Construction: Total World Stock + TIPS or Treasuries
Replies: 40
Views: 3342

Re: Portfolio Construction: Total World Stock + TIPS or Treasuries

I prefer B. One of the main reasons is that TIPS haven't had the liquidity of nominal Treasuries in financial panics. My experience in 2008/9 was that stocks were crashing but so were TIPS. I needed nominal Treasuries (which I didn't have) to buy both for rebalancing purposes. Before that event I wa...
by Chip
Fri Aug 31, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?
Replies: 31
Views: 1969

Re: Responding to IRS CP2000 notice for backdoor Roth - new 8606 or not?

I had a CPA do my tax return. He completed the 8606 seemingly the same way turbotax often does, with lines 6-12 blank, part II beyond line 15 not completed, and an asterisk included on lines 13 and 15 and "*From worksheet in Publication 590-B" added at the bottom of the form. As an aside, form 8606...
by Chip
Fri Aug 31, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with individual stocks?
Replies: 8
Views: 1128

Re: What to do with individual stocks?

I will try to dig up as much info as possible and get back. The biggest issue that I foresee is that we don't have much documentation of cost basis. The stocks are held at Ameriprise and the website doesn't show a cost basis for probably 90% of the holdings. In terms of the 401K I see what you are ...
by Chip
Fri Aug 31, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: What to do with individual stocks?
Replies: 8
Views: 1128

Re: What to do with individual stocks?

Hi, and welcome! It looks like you are off to a great start. Consider switching your contributions from the Roth 401k to traditional 401k. If you do that, and max out the contribution (18.5k less Roth 401k contributions already made), you will probably drop yourself well down into the 12% tax bracke...
by Chip
Thu Aug 30, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: Expense ratios and fees - Fidelity and flip flopping advice
Replies: 61
Views: 4371

Re: Expense ratios and fees - Fidelity and flip flopping advice

So how does it all work out in comparison to say an effective boost of the ER? I will owe the cap gains+state+AMT?+NIT? tax on the Fido 0.6%, but if I'm re-investing earnings the cost basis of the FTSVX will grow and that of VTSAX doesn't. I can see that happening in the statements. If I ever sell ...
by Chip
Thu Aug 30, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 98
Views: 16175

Re: 2017 Relative Tax Efficiency

QDI and Distributions information is found on individual fund providers pages. This varies from fund provider to fund provider, of course. I looked at the spreadsheet this morning and noticed that the numbers for FSTVX are still marked as estimated. Here are the numbers from my 1099-DIV: .00369/sha...
by Chip
Thu Aug 30, 2018 6:26 am
Forum: Investing - Theory, News & General
Topic: Expense ratios and fees - Fidelity and flip flopping advice
Replies: 61
Views: 4371

Re: Expense ratios and fees - Fidelity and flip flopping advice

What are the reasons they aren't ideal for taxable? I have seen some speculation in other posts that they "may" have more tax drag, vanguard has a magical patent that might give them less tax drag than these funds, etc - but nothing yet that has proven this. Since they are starting with zero assets...