Search found 8057 matches

by Epsilon Delta
Thu Mar 28, 2019 1:28 am
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8935

Re: Tattoos and Bogleheads

Tattoos are the equivalent of graffiti. There are relatively few exceptions to that. The defining characteristic of graffiti is that it is done without permission. If tattoos are the equivalent of graffiti there is a lot of unreported battery going on. And if graffiti can be permissive: Get your <p...
by Epsilon Delta
Thu Mar 28, 2019 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Two factor authentication loophole?
Replies: 32
Views: 3287

Re: Two factor authentication loophole?

Some sites use cookies to recognize your computer and since I erase cookies upon browser quitting, I have to do the 2FA thing on every login. What a hassle. If it's a hassle then don't erase cookies. Or, better, put the site (or the single cookie) on the cookie whitelist so the helpful cookie is no...
by Epsilon Delta
Wed Mar 27, 2019 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Excess contribution
Replies: 6
Views: 540

Re: Excess contribution

You can do whatever you want, but make no mistake about it. Your CPA is advising tax evasion. Consulting a CPA in good faith and getting the wrong answer is not tax evasion. Being a clueless CPA is also not tax evasion. Both are bad, and can get you into quite a bit of trouble, but not quite as muc...
by Epsilon Delta
Wed Mar 27, 2019 7:53 pm
Forum: Personal Consumer Issues
Topic: Toilet Tanks
Replies: 18
Views: 1756

Re: Toilet Tanks

Some definitely aren't. There are some weird and wonderful designs for water conserving toilets that would require matching tanks and bowls. Some are, where the only difference in the tanks or bowls are cosmetic features, such as rounded corners. Somebody, somewhere, probably has a list of compatibl...
by Epsilon Delta
Wed Mar 27, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Paying tax on Roth conversions from an inherited IRA
Replies: 5
Views: 422

Re: Paying tax on Roth conversions from an inherited IRA

I think your question is "Should you use the top of the 22% bracket to do Roth conversions, paying the taxes from your taxable account; or should you withdraw from the inherited IRA, paying the taxes from your taxable account*?" This makes the question "is it better to have money in a taxable accoun...
by Epsilon Delta
Wed Mar 27, 2019 4:53 pm
Forum: Personal Investments
Topic: 2018 RMD snafu / on the hook for 5k
Replies: 13
Views: 809

Re: 2018 RMD snafu / on the hook for 5k

If the Vanguard Rep did the RMD over the phone, they would ask. Paper check? ACH? Or Settlement account? Those are the only 3 options for the funds with a brokerage account. Maybe that part of the conversation was unclear. But there is no option to put the money in the IRA settlement account and ma...
by Epsilon Delta
Wed Mar 27, 2019 4:24 pm
Forum: Personal Investments
Topic: 2018 RMD snafu / on the hook for 5k
Replies: 13
Views: 809

Re: 2018 RMD snafu / on the hook for 5k

You sell from the Mutual Funds, where does the funds go if you don't check/bank transfer? If I sell a mutual fund and don't tell Vanguard where to put the money they mail me a check. Go back to the original post. On Dec 20 he asked for a distribution. He gave no further commands. The distribution w...
by Epsilon Delta
Wed Mar 27, 2019 3:21 pm
Forum: Personal Investments
Topic: 2018 RMD snafu / on the hook for 5k
Replies: 13
Views: 809

Re: 2018 RMD snafu / on the hook for 5k

Each and every account at Vanguard has a Settlement account inside the wrapper. We have 3 taxable accounts, 2 Rollover IRAs and 2 Roth IRAs. Each has a Settlement account inside. Not true. Mutual fund accounts do not have a settlement account. But he converted to the Brokerage account. So would it ...
by Epsilon Delta
Wed Mar 27, 2019 3:07 pm
Forum: Personal Investments
Topic: 2018 RMD snafu / on the hook for 5k
Replies: 13
Views: 809

Re: 2018 RMD snafu / on the hook for 5k

Never pay the penalty up front, just file the 5329 requesting the waiver. No need to involve Vanguard further as it would be a waste of your time given that the IRS will waive the penalty. It could make a difference if the income is in 2018 or 2019. If it does it's worth talking to Vanguard. Given ...
by Epsilon Delta
Wed Mar 27, 2019 2:48 pm
Forum: Personal Investments
Topic: 2018 RMD snafu / on the hook for 5k
Replies: 13
Views: 809

Re: 2018 RMD snafu / on the hook for 5k

bloom2708 wrote:
Wed Mar 27, 2019 1:05 pm
Each and every account at Vanguard has a Settlement account inside the wrapper. We have 3 taxable accounts, 2 Rollover IRAs and 2 Roth IRAs. Each has a Settlement account inside.
Not true. Mutual fund accounts do not have a settlement account.
by Epsilon Delta
Wed Mar 27, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Can one make Roth IRA contributions without having earned income?
Replies: 24
Views: 2080

Re: Can one make Roth IRA contributions without having earned income?

Yeah, I should that. But i will talk first to my 401K plan administrator to get a more definitive understanding of my options for taking money out... while they provide the capability to do partial online transfers it is only to taxable accounts, so I have to determine how they allow partial rollov...
by Epsilon Delta
Wed Mar 27, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring land from parent to child
Replies: 14
Views: 1131

Re: Transferring land from parent to child

They purchased it in 2014 for $33k and I would assume the area has appreciated since then. It hasn't been appraised since then, so I am not sure of the current value. Your basis in the gift will be the donors basis. So you should also get documents that establish their basis. You might never need t...
by Epsilon Delta
Tue Mar 26, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8935

Re: Tattoos and Bogleheads

Seems some are a bit shaky on the difference between aesthetic opinion and character judgment. From the thread so far I would conclude that getting a visible tattoo is a good way to avoid an intolerable employer :) The people I know with tattoos say they do it to "express themselves". Judging peopl...
by Epsilon Delta
Tue Mar 26, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax error - Under reporting threshold changes
Replies: 9
Views: 811

Re: TurboTax error - Under reporting threshold changes

The 85%/80% exceptions do not change the math for calculating the penalty. If you meet the, now, 80% of this years taxes threshold there is no penalty. If you miss the 80% threshold the penalty is calculated the same way it always has been. The required payments are the lesser of 90% of this years o...
by Epsilon Delta
Tue Mar 26, 2019 5:34 pm
Forum: Investing - Theory, News & General
Topic: Zero federal tax. Will this cause an audit?
Replies: 43
Views: 4233

Re: Zero federal tax. Will this cause an audit?

I mean, I did some extensive tax planning for 2018, with the expectation to keep tax owed under $100. Never expected it to hit the bulls eye (zero owed). :D Zero tax usually means you missed the bullseye, on the low side. The way to tell is run a pro forma return with an extra dollars of income to ...
by Epsilon Delta
Tue Mar 26, 2019 1:22 pm
Forum: Personal Consumer Issues
Topic: Men's travel shoes. One pair for hiking/biking/walking/dining
Replies: 56
Views: 3990

Re: Men's travel shoes. One pair for hiking/biking/walking/dining

I will be hiking for two days (rocky terrain), bicycle 9 days (on mostly paved roads), walking around for 10 days and obviously want to go to decent places for dinner and such. There's a lot of fixation on the hiking but you will be spending more time biking. What type of pedals will you be using? ...
by Epsilon Delta
Tue Mar 26, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Q: Family Responsibility for Deceased Brother Auto Accident Prior to Death
Replies: 57
Views: 4515

Re: Q: Family Responsibility for Deceased Brother Auto Accident Prior to Death

The OP's problem may be that there is a clunker car that does not belong to him sitting in his driveway or otherwise in his physical custody. What can he do about that? Does he have any duty to protect the car as an asset of (presumably) the estate? Is there a distinction between giving it to somebo...
by Epsilon Delta
Tue Mar 26, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Two factor authentication loophole?
Replies: 32
Views: 3287

Re: Two factor authentication loophole?

There are two views of security. There is what could theoretically happen, which is determined by analyzing hardware, code, and protocols. There is what is actually happening, which is determined by real time monitoring and analyzing logs. Anybody who is serious about security needs to consider both...
by Epsilon Delta
Tue Mar 26, 2019 10:54 am
Forum: Personal Investments
Topic: How does the 60-day rollover rule work?
Replies: 8
Views: 511

Re: How does the 60-day rollover rule work?

The new tax law extends the 60 day rule. . The Tax Cuts and Jobs Act significantly extended the window to repay or roll over an outstanding balance on a 401(k) loan when a borrower leaves an employer. Effective for tax years beginning in 2018, the deadline is now the due date of the employee’s tax ...
by Epsilon Delta
Mon Mar 25, 2019 11:47 pm
Forum: Personal Investments
Topic: How does the 60-day rollover rule work?
Replies: 8
Views: 511

Re: How does the 60-day rollover rule work?

A taxable distribution occurs if you leave federal service with an outstanding loan balance. This distribution is rollover eligible The rollover can be completed by making a rollover contribution to another tax deferred plan within 60 days. The 60 days starts on the date of the distribution, which s...
by Epsilon Delta
Mon Mar 25, 2019 10:18 pm
Forum: Investing - Theory, News & General
Topic: Zero federal tax. Will this cause an audit?
Replies: 43
Views: 4233

Re: Zero federal tax. Will this cause an audit?

I mean, I did some extensive tax planning for 2018, with the expectation to keep tax owed under $100. Never expected it to hit the bulls eye (zero owed). :D Zero tax usually means you missed the bullseye, on the low side. The way to tell is run a pro forma return with an extra dollars of income to ...
by Epsilon Delta
Mon Mar 25, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance of Trad IRA
Replies: 40
Views: 2205

Re: Inheritance of Trad IRA

Most of us are conditioned that we want to pay no tax until we have to as well as hold down income each year so as to keep the tax in check. BUT...your case may be different if you would lose a tax benefit by not acting this year. If the IRA is rolled to an inherited IRA you must take RMDs every ye...
by Epsilon Delta
Mon Mar 25, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance of Trad IRA
Replies: 40
Views: 2205

Re: Inheritance of Trad IRA

You are welcome, my father farmed, I wanted to make sure you were aware that you need thirty five years of numbers. You do not need 35 years. You need 40 quarters (in most cases that's 10 years) to qualify. After that extra earnings lead to higher benefits, but you can end up with fairly high SS be...
by Epsilon Delta
Mon Mar 25, 2019 9:13 pm
Forum: Personal Consumer Issues
Topic: Ireland & Scotland Do I Need Cash?
Replies: 24
Views: 1766

Re: Ireland & Scotland Do I Need Cash?

There are two types of banknotes circulating in Scotland. Notes issued by the Bank of England (The UK's central bank) and notes issued by three private Scottish banks. All the notes are denominated in Pounds Sterling and have the same value, but Scottish notes are less generally accepted outside of ...
by Epsilon Delta
Mon Mar 25, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA contributions withdrawal tax reporting
Replies: 3
Views: 323

Re: Roth IRA contributions withdrawal tax reporting

You are making a non-qualified withdrawal. The part of the withdrawal that is allocated to conversions will go on 8606 line 23. The instructions for that will lead you to Part I of form 5329 to calculate the 10% early withdrawal penalty. The 10% penalty will only apply to the amount of each conversi...
by Epsilon Delta
Mon Mar 25, 2019 2:27 am
Forum: Personal Consumer Issues
Topic: Lock Strategy for New House
Replies: 40
Views: 2749

Re: Lock Strategy for New House

I have found that a small coded lockbox secured somewhere on the property with a spare key invaluable for the day my toddler merrily slammed the door while getting the mail (hee hee!), or when I accidentally walk out without a key. Or when I lock myself in the back yard because I thought the back d...
by Epsilon Delta
Sat Mar 23, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Pay 1/4 taxes to avoid $75 fee?
Replies: 21
Views: 1566

Re: Pay 1/4 taxes to avoid $75 fee?

Double check that your software is fully updated. According to this thread , the IRS just reduced the amount of withholding/estimated tax required to avoid penalties for 2018 to 80% of the tax liability. (In a normal year, 90% is required. Some months ago the IRS announced it would lower the requir...
by Epsilon Delta
Sat Mar 23, 2019 2:38 pm
Forum: Non-US Investing
Topic: [Wiki] Cash equivalents for EU investors - seeking feedback and contributions
Replies: 19
Views: 1216

Re: [Wiki] Cash equivalents for EU investors - seeking feedback and contributions

For an EU investor considering a dollar investing short term bond fund as a "cash equivalent" is a bit of a stretch. It at least needs some discussion. It may also be worth discussing EU countries that do not use the euro. IMHO at least for retail investors the situation is still too fragmented gene...
by Epsilon Delta
Sat Mar 23, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: State Tax Return - Muni Bond Interest minus Related "Expenses"
Replies: 4
Views: 251

Re: State Tax Return - Muni Bond Interest minus Related "Expenses"

It does not seem that you could deduct the ER of a mutual fund. That ER was already deducted from the funds earnings before the dividend was paid to you. You cannot deduct it twice. +1 You should not do anything with the ER, but If the law was written differently logically you would add it to the d...
by Epsilon Delta
Fri Mar 22, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606 help
Replies: 10
Views: 1103

Re: Form 8606 help

3. 11000 ... 13. 11003 14. 0 (no remaining basis to be carried over to next year) What is the reason for 0 on line 14? 11000 - 11003 = (3). As far as I can see there is nothing that prevents a negative carry forward. If you are going to follow the instructions literally then follow all the instruct...
by Epsilon Delta
Fri Mar 22, 2019 12:03 am
Forum: Personal Consumer Issues
Topic: OBD GPS tracker for new teen driver
Replies: 20
Views: 1248

OBD GPS tracke for a new teen driver

The video itself is sufficient to determine your speed. The frame rate is known and it is almost always possible to figure out where the camera was when each image was taken. Not having GPS coordinates or speed directly available just makes anybody whose interested work harder. That might be useful ...
by Epsilon Delta
Thu Mar 21, 2019 3:04 am
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 167
Views: 16941

Re: Are RMDs that bad if you're not an over-saver?

Question: Does anyone know why Table II in IRS Publication 590-B (page 46 in the .pdf file) starts before age 70 since RMDs are not required until the older spouse is 70.5? IIRC you can use them for calculating SEPP distributions starting before age 59.5. In the US Code the details of RMDs are not ...
by Epsilon Delta
Thu Mar 21, 2019 2:13 am
Forum: Personal Investments
Topic: Treasury Bill ETFs
Replies: 4
Views: 628

Re: Treasury Bill ETFs

Synthetic ETFs will have counter party risk. Some people will say these are not ETFs but ETNs. It can be hard to tell the difference unless you read the prospectus.
by Epsilon Delta
Thu Mar 21, 2019 1:56 am
Forum: Personal Consumer Issues
Topic: OBD GPS tracker for new teen driver
Replies: 20
Views: 1248

Re: OBD GPS tracker for new teen driver

Based on this thread GPS trackers have no effect on older drivers, and I'd guess they will have even less effect on teenagers.
by Epsilon Delta
Thu Mar 21, 2019 1:23 am
Forum: Personal Finance (Not Investing)
Topic: Worth claiming life insurance death benefit?
Replies: 31
Views: 3460

Re: Worth claiming life insurance death benefit?

If the beneficiary died first, it goes to the insured’s estate, not the beneficiary’s estate (except in the unlikely event the beneficiary designation provides otherwise). It's not that rare for a beneficiary to be something like "<Father> and his descendants, per stripes". In which case it's benef...
by Epsilon Delta
Thu Mar 21, 2019 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Verifying basis in Roth, and 5-yr rule
Replies: 18
Views: 1124

Re: Verifying basis in Roth, and 5-yr rule

And the sum of withdrawals is first taken from the basis on Line 22. Once that is brought down to zero, the remaining withdrawals then carry over to Line 24. This assumes the total of withdrawals does not exceed the contributions + 5-yr rule "contributions". Assuming you mean 5-year rule " conversi...
by Epsilon Delta
Wed Mar 20, 2019 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Verifying basis in Roth, and 5-yr rule
Replies: 18
Views: 1124

Re: Verifying basis in Roth, and 5-yr rule

Yes, while I did state that conversions go on line 24, I overlooked that the OP proposed including conversions on line 22 and conversions go on 24, not 22. Copied from that same post: Conversions and Roth rollovers from qualified plans can always be distributed tax free and penalty free if over 5 y...
by Epsilon Delta
Wed Mar 20, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Verifying basis in Roth, and 5-yr rule
Replies: 18
Views: 1124

Re: Verifying basis in Roth, and 5-yr rule

Two, hopefully, simple questions: First, I want to verify the number that goes on 8606 line 22. Is this just simply the sum of all contributions/ conversions /rollovers minus withdrawals before the current tax year? Yes , that is what goes on line 22, adjusted for any excess contributions returned ...
by Epsilon Delta
Fri Mar 15, 2019 1:58 pm
Forum: Investing - Theory, News & General
Topic: Are Vanguard Mutual Funds dying?
Replies: 152
Views: 16398

Re: Are Vanguard Mutual Funds dying?

And is is clear that the customer service costs are hidden. They have been pointed out several times and you still deny they exist. Perfect camouflage. I really don't understand why this is so hard to grasp: ETFs are not hiding customer service costs . To the extent an ETF manager even HAS any cust...
by Epsilon Delta
Fri Mar 15, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refund if taxes withheld but no return filed (under threshold)?
Replies: 8
Views: 451

Re: Tax refund if taxes withheld but no return filed (under threshold)?

KlingKlang wrote:
Fri Mar 15, 2019 12:11 pm
Also some states have a minimum refund amount that must be be claimed before they will send it.
So do the feds, but it's $1 :twisted: -- see 1040 instructions for line 19. Actually you can get less than a dollar if you are sufficiently persistent, but it will cost you a stamp.
by Epsilon Delta
Fri Mar 15, 2019 1:17 pm
Forum: Personal Consumer Issues
Topic: 3 Keys Not Working on Laptop. Fix Recommendations
Replies: 14
Views: 773

Re: 3 Keys Not Working on Laptop. Fix Recommendations

One of the more common causes of failure is crumbs or other debris in the keyboard. Nearby keys stopping working is a common symptom. If you have not done so already try vacuums, brushes or compressed air while holding the key board at various angles (upside down, vertical etc.) Sometimes you can re...
by Epsilon Delta
Fri Mar 15, 2019 12:48 pm
Forum: Investing - Theory, News & General
Topic: Are Vanguard Mutual Funds dying?
Replies: 152
Views: 16398

Re: Are Vanguard Mutual Funds dying?

[quote=vineviz post_id=4436533 time=1552650393 user_id=134698 Again, there's nothing to be gained by conflating two different things. [/quote] Fix your quotes. Exactly, you are conflating the cost ownership of a mutual fund the cost of running a ETF. Two different things. And is is clear that the cu...
by Epsilon Delta
Fri Mar 15, 2019 3:30 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis date to use for inherited stock
Replies: 16
Views: 1422

Re: Cost basis date to use for inherited stock

Note that there are many types of trust, used for many different purposes. Credit shelter by-pass trusts, living trusts, Totten trusts, IRAs, ... . The nature of the trust the inheritance came from matters a great deal.
by Epsilon Delta
Fri Mar 15, 2019 2:37 am
Forum: Investing - Theory, News & General
Topic: Are Vanguard Mutual Funds dying?
Replies: 152
Views: 16398

Re: Are Vanguard Mutual Funds dying?

Ironically ETFs do hide costs. They hide the cost of customer service such as statements and web sites. These are included in the ER of mutual funds but not in that of ETFs. And people say ETFs are cheaper because they hide those costs. The ER of ETFs is what pays for whatever costs the manger has,...
by Epsilon Delta
Fri Mar 15, 2019 1:32 am
Forum: Personal Investments
Topic: How do I characterize an IRA from Roth to Traditional due to my mistake
Replies: 13
Views: 823

Re: How do I characterize an IRA from Roth to Traditional due to my mistake

You might want to go to Vanguard's recharacterization page and have a look at the "IRA Recharacterization Form" (I can't deep link directly so you'll have to find the link on that page). There is some useful information you can digest at leisure. Even if you do this by phone the form gives some idea...
by Epsilon Delta
Thu Mar 14, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: Are Vanguard Mutual Funds dying?
Replies: 152
Views: 16398

Re: Are Vanguard Mutual Funds dying?

Ironically ETFs do hide costs. They hide the cost of customer service such as statements and web sites. These are included in the ER of mutual funds but not in that of ETFs. And people say ETFs are cheaper because they hide those costs.
by Epsilon Delta
Thu Mar 14, 2019 4:47 pm
Forum: Non-US Investing
Topic: Help to build a three fund portfolio with non-US ETF
Replies: 21
Views: 4255

Re: Help to build a three fund portfolio with non-US ETF

Sorry but i can't help to ask, is there a good reason to not choose accumulating ETF? I think accumulated ETF is better in any situation than distributing ETF? In countries that tax dividends as they accrue*, accumulating funds have no advantage and can make tax reporting more difficult. * Which is...
by Epsilon Delta
Thu Mar 14, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Basis - Need to track?
Replies: 40
Views: 3877

Re: Roth IRA Basis - Need to track?

There are two requirements for a qualified distribution (which is tax and penalty free). You are 59.5 years old (or disabled, or dead) Your Roth is more than 5 years old. [more or less]. Silly question but do those rules also apply to inherited Roths? A distribution from an inherited Roth has to me...
by Epsilon Delta
Wed Mar 13, 2019 11:19 pm
Forum: Personal Consumer Issues
Topic: Secondary sump pump needed?
Replies: 39
Views: 1739

Re: Secondary sump pump needed?

Another issue with pumps cycling too quickly is pumps that are too big.* Ideally the pump drains not only the pit but also the water in the gravel surrounding the pit. If the pump is too big it drains the pit and cuts off before much of the surrounding water can enter the pit. If you watch the pit y...