Search found 6742 matches

by Epsilon Delta
Sun Jan 21, 2018 12:23 am
Forum: Personal Consumer Issues
Topic: Rent (free at library) or buy books?
Replies: 27
Views: 1089

Re: Rent (free at library) or buy books?

I mostly use the library. But I buy a few books a year for travel, reading at the beach, in the bath etc.

The librarians give you very stern looks if you don't bring the books back in the same condition they started it.
by Epsilon Delta
Sat Jan 20, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: How do you adjust side mirrors in a car?
Replies: 59
Views: 3197

Re: How do you adjust side mirrors in a car?

What is IAM's reasoning for strongly disagreeing with setting the mirror wide? Thank you for the NHTSA reference. IIRC the objection is two fold. First even by the standard of setting the mirrors wide the head to the window method does not work. The NHTSA document suggests the mirrors be angled out...
by Epsilon Delta
Sat Jan 20, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 18
Views: 949

Re: New Brake Pads

Did you ask them to look at the brakes? It's not the sort of thing you'd just happen to notice when doing an oil change or just walking around the car. Unless the brakes are so bad they had trouble stopping or the wear indicators where squealing, in which case you should have already noticed. If not...
by Epsilon Delta
Sat Jan 20, 2018 3:32 pm
Forum: Personal Consumer Issues
Topic: How do you adjust side mirrors in a car?
Replies: 59
Views: 3197

Re: How do you adjust side mirrors in a car?

Similar to some previous suggestions, I used this to unlearn what was taught 45 years ago in Driver’s Ed. Very useful. https://internationalcenter.umich.edu/sites/default/files/event-handout/Enhanced_Mirror_Setting.pdf As far as I can tell Drivers Ed is still teaching the same technique as 45 years...
by Epsilon Delta
Sat Jan 20, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Finding Best USA-To-Europe FLIGHT When Dates Are Not Limiting Factor?
Replies: 27
Views: 1399

Re: Finding Best USA-To-Europe FLIGHT When Dates Are Not Limiting Factor?

Great deal. I’ve also read it takes five hours flying time from JFK to Gatwick. I may not need business class from LAX to London for that short of a fly. That's optimistic. It would require a very strong tail wind, a great circle route (no congestion) and no congestion at either end. About 7 hours ...
by Epsilon Delta
Sat Jan 20, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Age limit for TIRA contribution and Roth Conversion
Replies: 3
Views: 190

Re: Age limit for TIRA contribution and Roth Conversion

Spirit Rider wrote:
Sat Jan 20, 2018 2:00 pm
The wife can make a spousal non-deductible IRA contribution to a regular traditional IRA and do a Roth conversion.
... and it will not be taxable.
by Epsilon Delta
Sat Jan 20, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Do we need an emergency supplies kit (go bag)?
Replies: 44
Views: 2886

Re: Do we need an emergency supplies kit (go bag)?

I have an emergency 'go bag' in all our cars; dried food, nut and water to make it three days (assumes 48 Oz H2O daily) for 2 people; first aid kit; two pairs of good sneakers. The amount of food most people need to get through three days is zero. Weather appropriate clothing is usually much more i...
by Epsilon Delta
Sat Jan 20, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: consolidating ROTH IRAs?
Replies: 23
Views: 935

Re: consolidating ROTH IRAs?

Is there any sense to keeping Roths separate for the purpose of tracking them by dates so as to have 'proof' of the minimum 5 years before withdrawing w/o penalty? No. The IRS considers all your Roths to be a single account. Neither of the five year rules look at individual accounts. The only advan...
by Epsilon Delta
Sat Jan 20, 2018 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA with basis Form 8606 TaxAct
Replies: 5
Views: 354

Re: Inherited IRA with basis Form 8606 TaxAct

Can you? Probably. Should you? Read the jurat you sign when you file: Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and accurately list all amounts and sources of i...
by Epsilon Delta
Sat Jan 20, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Ireland domiciled ETF vs Unit Trust [Non-US]
Replies: 4
Views: 299

Re: Ireland domiciled ETF vs Unit Trust [Non-US]

A Unit Trust represent a fixed pool investment offered for sale on the open market. I don't believe that is the case here. A UIT (unit investment trust) is a closed ended fund in the US. In Ireland and the UK a Unit Trust can be an open ended investment vehicle that operates similarly to the open-e...
by Epsilon Delta
Fri Jan 19, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can I leave my IRA to son instead of spouse?
Replies: 13
Views: 1210

Re: Can I leave my IRA to son instead of spouse?

Also note that typically the right of election applies across the entire estate rather than to individual assets. So even if the election applies to an IRA it would be fine to leave a small IRA to your son if your spouse gets your large taxable account.
by Epsilon Delta
Fri Jan 19, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Stocks, Dividends, and Taxes
Replies: 10
Views: 474

Re: Inherited Stocks, Dividends, and Taxes

1000 shares of ABC at a value of $9/share on date of death for total value of $9k. Date of Death was November 1st, 2016. Dividend pays on December 1st, 2016, for $90 total, buying 9 shares at $10 each. That $90 dividend should be on some 2016 tax return. Could be the estates income tax return or it...
by Epsilon Delta
Fri Jan 19, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Question
Replies: 11
Views: 1078

Re: Backdoor Roth IRA Question

Nothing in the backdoor IRA process involves making a distribution. Rules governing distributions do not apply here. If you use that word in providing instructions to your custodian, there is a risk that they will do exactly what you ask, and cause a world of tax/reporting pain for you. A conversio...
by Epsilon Delta
Fri Jan 19, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: US stock market vs USD
Replies: 9
Views: 1249

Re: US stock market vs USD

But when you chart the USD against the EUR we see pretty much the opposite picture (similar graphs if you chart against GBP or CAD): You need to plot those graphs on the same scale. The stock market graph shows a ~30% gain. The currency graph shows ~8% loss. Not really opposite pictures. Recently I...
by Epsilon Delta
Fri Jan 19, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: MiFID II [European Union - Markets in Financial Instruments Directive]
Replies: 24
Views: 1342

Re: MiFID II [European Union - Markets in Financial Instruments Directive]

The relative tax drag on Ireland domiciled funds will vary depending on the proportion of US stocks it holds. The worst case is probably 85% of 15% of a 3% or so dividend, so perhaps 0.38% or so a year. The best case will be nothing, where a fund holds no US stocks at all. A withholding tax on divi...
by Epsilon Delta
Fri Jan 19, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Year for Return of Ineligible Roth Contribution Earnings?
Replies: 5
Views: 305

Re: Tax Year for Return of Ineligible Roth Contribution Earnings?

Thank you! I got confused with the Fidelity letter saying that they'd send me the tax document next year. Fidelity will report the withdrawal on a 1099-R for next year (2018). It should be shown as code P —Excess contributions plus earnings/excess deferrals (and/or earnings) taxable in 2017. You sh...
by Epsilon Delta
Thu Jan 18, 2018 2:27 am
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6347

Re: Hot Water Delay at faucet/shower far from water heater

If you have ever removed the bottom heating element of a water heater and seen how savagely disgusting the deposit buildup can be you would not drink your hot water. I'd hardly call mineral deposits savagely disgusting, but look at it the other way around. If those deposits were removed from the ho...
by Epsilon Delta
Thu Jan 18, 2018 2:11 am
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth
Replies: 7
Views: 602

Re: Back Door Roth

Surely you mean 26 U.S. Code § 408A - Roth IRAs Specifically 408A(c)(3) and 408A(d)(3) Those do indeed play a part. Namely, that limits based on MAGI exist. It's in § 219 that the dollar value of the limits are defined. :sharebeer Read them again, the dollar values for Roth income limits are all in...
by Epsilon Delta
Thu Jan 18, 2018 1:13 am
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth
Replies: 7
Views: 602

Re: Back Door Roth

Don't blame the IRs - they are merely following the law. You could contact your congressional reps regarding subparagraphs (B) and (C) of US Code section 219(g)(2), and 219(g)(3)(B)(iii). See 26 U.S. Code § 219 - Retirement savings . Surely you mean 26 U.S. Code § 408A - Roth IRAs Specifically 408A...
by Epsilon Delta
Wed Jan 17, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: [How to reserve funds for final expenses]
Replies: 10
Views: 529

Re: [How to reserve funds for final expenses]

The wills I've seen direct the executor to pay for the funeral, (including travel for out of the country children) and any outstanding debts. Not entirely sure but I think the executor is supposed to do most of that anyway. So it may be a matter of writing a will and choosing a trusted executor. Oth...
by Epsilon Delta
Wed Jan 17, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6347

Re: Hot Water Delay at faucet/shower far from water heater

It is plumbed so that the hot water line feeds into the aux heater. The small amount of cold water in the line goes into the tank and mixes with the already hot water in it. The water will get slightly cooler as the 6 gallons is used and replaced with new water. The internal arrangements of a water...
by Epsilon Delta
Wed Jan 17, 2018 2:31 am
Forum: Investing - Help with Personal Investments
Topic: Accidentally made direct Roth IRA contribution
Replies: 7
Views: 683

Re: Accidentally made direct Roth IRA contribution

Is it appreciation across all Roth IRAs in this timeframe, or only the account I contributed to? I would've assumed all, but Fairmark (http://fairmark.com/retirement/roth-accounts/recharacterizations/recharacterization-blues/) seems to suggest that it's only the particular account? Just the account...
by Epsilon Delta
Tue Jan 16, 2018 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Accidentally made direct Roth IRA contribution
Replies: 7
Views: 683

Re: Accidentally made direct Roth IRA contribution

What does it mean that the earnings are calculated using the Roth IRA? Say my Roth IRA is up 50% overall. Does that mean that $5500 comes out and gets put in the nondeductible traditional IRA as basis, and $2750 comes out and put in there as earnings? That seems crazy / inequitable. What Kaneohe sa...
by Epsilon Delta
Tue Jan 16, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: best flooring for a basement wood shop?
Replies: 27
Views: 1416

Re: best flooring for a basement wood shop?

Bengineer wrote:
Tue Jan 16, 2018 4:28 pm
Air-seal the ceiling and ventilate separately so you don't run the rest of the family out of the house when you use solvents!
A friend of mine sealed the interior door to his workshop so the only access is from the outside (Bilko doors). His wife would rather deal with snow than sawdust.
by Epsilon Delta
Tue Jan 16, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Accidentally made direct Roth IRA contribution
Replies: 7
Views: 683

Re: Accidentally made direct Roth IRA contribution

There are three ways to fix this excess Roth IRA contribution. Given your facts the best way appears to be recharacterize the Roth contribution to be a non-deductible traditional IRA contribution. You ask Vanguard to do this and they will move the contributions plus earnings from the Roth to the tIR...
by Epsilon Delta
Mon Jan 15, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6347

Re: Hot Water Delay at faucet/shower far from water heater

But aren't you talking about adding brand new extra pipe from one end to another? May be I am missing the fundamentals here. Yes, adding brand new pipe. I am not aware of any recirc water system that would work without adding the pipe. I added about 75 ft of 1/2" copper to run from the original 3/4...
by Epsilon Delta
Mon Jan 15, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1368

Re: Will IRS make paper tax forms available?

I dread having to go to the Library and asking the library staff to help me print out the forms from the online .pdf files. My local library still (well as of 2017, have not checked in 2018) keeps a binder with master copies of most forms that can be photocopied. Might be worth asking at the refere...
by Epsilon Delta
Mon Jan 15, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Recommend an A.C. powered auto tire inflator
Replies: 41
Views: 2193

Re: Recommend an A.C. powered auto tire inflator

Whoever suggested using a bicycle pump... really? Have you actually tried it? I did once just to see and it could literally take an hour of pumping to fill up one of my SUV tires..... I suggested a foot pump designed to inflate car tires. For topping up perhaps five PSI it is significantly faster t...
by Epsilon Delta
Mon Jan 15, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Are land line phones still being supported?
Replies: 60
Views: 3630

Re: Are land line phones still being supported?

The dependability of POTS had nothing to do with the copper. It is due to the expensive redundancy engineered into the system. If regulators require the providers to spend the money wireless or fiber could be engineered to the same degree of reliability. Things like VOIP even have some advantages, s...
by Epsilon Delta
Mon Jan 15, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Best way to sell ETF in one account, buy it in another
Replies: 10
Views: 835

Re: Best way to sell ETF in one account, buy it in another

saltycaper wrote:
Mon Jan 15, 2018 7:52 am
In this case, there are two accounts (Roth and taxable) with the same broker.
Just in case.
If you sell at a loss in taxable this would be a wash sale and you would lose the deduction. If there is a gain or the sale i in the Roth there is no issue.
by Epsilon Delta
Mon Jan 15, 2018 1:04 am
Forum: Investing - Theory, News & General
Topic: ROTH IRA question - Income > 186,000 and < $196,000
Replies: 8
Views: 629

Re: ROTH IRA question - Income > 186,000 and < $196,000

dbk wrote:
Mon Jan 15, 2018 12:25 am
If you do the way you suggested, can we claim tax deduction on 2x$5,500 backdoor contribution?
Again, thanks for your response.
I may be misunderstanding you but you can't deduct any Roth contribution. Back door, front door, side door or garage door; Roths are not deductible.
by Epsilon Delta
Sun Jan 14, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Recommend an A.C. powered auto tire inflator
Replies: 41
Views: 2193

Re: Recommend an A.C. powered auto tire inflator

Get a low pressure foot pump. The hassle in pressing the pedal is less than the hassle in handling a cord, they last forever, and the analog gauge is calibrated for the range of pressures needed. Not exactly what I was looking for. :o I actually had one of these years ago but don't remember much (e...
by Epsilon Delta
Sun Jan 14, 2018 7:04 pm
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 107
Views: 6300

Re: Looking for a reasonably priced, safe international destination

FWIW the US Dept. of State has a new system of travel advisory. It is a four point scale from 1 most safe to 4 dangerous. It is posted country by country here: https://travel.state.gov/content/dam/NEWTravelAssets/pdfs/Travel%20Advisory%20Country%20List%20Alphabetical%201-10-18%20VERT.PDF Note Nethe...
by Epsilon Delta
Sun Jan 14, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Recommend an A.C. powered auto tire inflator
Replies: 41
Views: 2193

Re: Recommend an A.C. powered auto tire inflator

Get a low pressure foot pump. The hassle in pressing the pedal is less than the hassle in handling a cord, they last forever, and the analog gauge is calibrated for the range of pressures needed.

The total energy in an inflated car tire is less than 1 Calorie, you won't even work up a sweat.
by Epsilon Delta
Sun Jan 14, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: How long do you save tax returns?
Replies: 39
Views: 3160

Re: How long do you save tax returns?

... Have my returns back to the first one I filed in 1963... Mine go back ro 1959. Anyone earlier, or do I win the contest? :happy I have my mother-in-laws going back to WWII (1943 IIRC). The whole file is less than an inch thick. It is in a box that will be shredded if I move or run out of space. ...
by Epsilon Delta
Sun Jan 14, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6347

Re: Hot Water Delay at faucet/shower far from water heater

If the house is old enough that the plumbing contains lead then hot (or formerly hot) water should not be consumed since hot water dissolves more lead. If you live in the UK the cold kitchen tap is supplied directly from the mains and the rest of the water comes from an open storage tank in the lof...
by Epsilon Delta
Sun Jan 14, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?
Replies: 39
Views: 4301

Re: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?

I would love to see, but have never seen and don't know an objective way to go about finding out, a comparison of two situations: a) An investor who makes a single, irrevocable decision to adopt some sound, sensible plan according to the best consensus wisdom of 1980 and stays the course, never tak...
by Epsilon Delta
Sun Jan 14, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6347

Re: Hot Water Delay at faucet/shower far from water heater

Water from your circulation loop is potable water. Where do you get the idea that it's non-potable? The potability of hot water is debatable. It is at least a function of the details of the house's plumbing. There are certainly places you should not drink from the hot water supply. If the house is ...
by Epsilon Delta
Sun Jan 14, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: where does one buy "health insurance" in the USA?
Replies: 17
Views: 1116

Re: where does one buy "health insurance" in the USA?

Nothing bad happening is always a good approach. I'm just not sure how I can arrange that. The system is setup so that some folks are best served by not buying insurance until they need it. If something bad happens, emergency rooms can't turn your away, and the no pre-existing condition clause mean...
by Epsilon Delta
Sun Jan 14, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: where does one buy "health insurance" in the USA?
Replies: 17
Views: 1116

Re: where does one buy "health insurance" in the USA?

Opening the yellow pages and just calling insurance companies is not stupid as buying a private plan may indeed by her option. Gathering information now is a good idea. I am not personally familiar with the criteria for ACA eligibility, but surely that information is out there. It is a fact that th...
by Epsilon Delta
Sun Jan 14, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: where does one buy "health insurance" in the USA?
Replies: 17
Views: 1116

Re: where does one buy "health insurance" in the USA?

bogglizer wrote:
Sun Jan 14, 2018 1:04 pm
When ACA started, my whole family just went commando. Nothing bad happened. Now that there are no fines, that's a doubly-advantaged approach.
Nothing bad happening is always a good approach. I'm just not sure how I can arrange that.
by Epsilon Delta
Sun Jan 14, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2145

Re: Do you correct cashier mistakes?

In common law the prices on the shelves are only an offer to treat, and not part of a contract. You walk up to the proprietor or their agent and say (or imply) "how much for this basket of food?"* They quote a price and you accept, or you make a counter offer. The only errors are if they don't see s...
by Epsilon Delta
Sun Jan 14, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any situations where you don’t max retirement opportunities?
Replies: 16
Views: 1974

Re: Are there any situations where you don’t max retirement opportunities?

Agree, we won't be doing a Roth 401k contribution this year, and probably won't do individual Roth contribution - we are usually right on the border of being able to do that anyway. So the question is how much, if anything, to put in employer contribution. If you're eligible for a direct Roth IRA c...
by Epsilon Delta
Sun Jan 14, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should Pass-Thru's Now Increase Salaries vs. Distributions?
Replies: 9
Views: 1190

Re: Should Pass-Thru's Now Increase Salaries vs. Distributions?

Your proposed additional wages are quite a bit above the second bend point for SS though so you won't realize much advantage when it comes to collecting SS because you'll only get a small percentage of them back. That depends on how long he works at the high wages. A few years of high wages earns t...
by Epsilon Delta
Fri Jan 12, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Contributed to Roth, meant to do IRA
Replies: 7
Views: 467

Re: Contributed to Roth, meant to do IRA

This is actually a bigger issue if you'd done a tIRA and meant to do a Roth since unexpected income could put you over the Roth income limit. Is this not backwards? A tIRA -> Roth conversion is what I plan to do after recharacterizing this, and my understanding is that gains (I won't have any) are ...
by Epsilon Delta
Fri Jan 12, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Contributed to Roth, meant to do IRA
Replies: 7
Views: 467

Re: Contributed to Roth, meant to do IRA

You only get to recharacterize each contribution once. So if you are not certain you want a tIRA wait until you are. You have until the tax return is due (plus extension in most cases) to do the recharacterization. The recharacterization is essentially retroactive to the date of the contribution so ...
by Epsilon Delta
Fri Jan 12, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: Kodakcoin
Replies: 101
Views: 8050

Re: Kodakcoin

If you look at my post, I am a strong Advocate for "Crypto Assets" and their potential to: Bank the un-bankable world I'd strongly disagree with this one. That's not to say crypto can't serve the unbanked, but at best it can serve the unbanked the way a dollar bill serves the unbanked, not the way ...
by Epsilon Delta
Fri Jan 12, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 2492

Re: House water detection and alert system?

Would one want a shutoff valve both on the incoming house supply and on the output of the hot water tank? If the shutoff valve is only on the incoming supply, then a leak in a hot water line could still result in the 50+ gallons of the water from the hot water tank leaking and the water heater burn...
by Epsilon Delta
Fri Jan 12, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Early RMDs to Roth or Taxable?
Replies: 15
Views: 1092

Re: Early RMDs to Roth or Taxable?

But delaying SS will reduce the pile of money that goes to the OP and their siblings. Depends when the mother dies. If she dies soon it makes little difference. If she dies at 70 the heirs lose. Somewhere near life expectancy it's a wash. If she becomes a centenarian the heirs win, but it's probabl...
by Epsilon Delta
Fri Jan 12, 2018 12:33 am
Forum: Investing - Theory, News & General
Topic: Zimbabwe stock market acting strangely again
Replies: 15
Views: 1891

Re: Zimbabwe stock market acting strangely again

david1082b wrote:
Fri Jan 12, 2018 12:26 am
Given enough time, it becomes inevitable that a thread will mention cryptocurrency. More and more threads mention it in the opening post despite the threads having nothing to do with them.
Could you change your user name? "David1082b's Law" just isn't catchy.