Search found 48 matches
- Thu Jul 09, 2020 4:48 am
- Forum: Personal Finance (Not Investing)
- Topic: Social Security extra earnings credit for military service
- Replies: 28
- Views: 2167
Re: Social Security extra earnings credit for military service
The additional amount is called Deemed Military Wages (DMW). My service was '67-'71. I did my own calculation of my benefit as a check and can confirm that my DMW was automatically included. I thought that it ended about the time the all volunteer service began (early '80's?) given the higher pay sc...
- Wed Sep 18, 2019 3:32 pm
- Forum: Personal Finance (Not Investing)
- Topic: How is IRMAA determined
- Replies: 11
- Views: 1447
Re: How is IRMAA determined
Your 2020 IRMAA MAGI will determine if you will need to pay any IRMAA in 2022. However, 2022 IRMAA rates will not be known until mid November 2021. What will be calculated at that time is the 2022 IRMAA threshold, the income brackets above the threshold, and the additional monthly premium per bracke...
- Thu Jan 17, 2019 6:10 am
- Forum: Investing - Theory, News & General
- Topic: John Bogle has died at age 89
- Replies: 856
- Views: 63143
Re: John Bogle has died at age 89
The best eulogy of Jack Bogle is the faithful history of his actions.
(borrowed from Robert Southey, "The Life of Horatio Lord Nelson" [1813], Admiral of the British fleet whose flagship was "Vanguard").
Rest in Peace.
(borrowed from Robert Southey, "The Life of Horatio Lord Nelson" [1813], Admiral of the British fleet whose flagship was "Vanguard").
Rest in Peace.
- Mon Dec 17, 2018 9:36 am
- Forum: Investing - Theory, News & General
- Topic: Updated Vanguard Estimated Year-End Distributions (Div & CG)
- Replies: 58
- Views: 5819
Re: Updated Vanguard Estimated Year-End Distributions (Div & CG)
Vanguards estimated year-end dividend for 500 Index Admiral (VFIAX) was $1.23.
The actual declared dividend on 12/13/2018 was $1.2811 or 4.15% higher.
The actual declared dividend on 12/13/2018 was $1.2811 or 4.15% higher.
- Thu Oct 25, 2018 5:07 pm
- Forum: Personal Investments
- Topic: Wash sale with TLH
- Replies: 9
- Views: 624
Re: Wash sale with TLH
You state that your spouse purchased shares in a taxable account, but you do not mention if your sale was in a taxable or non-taxable account. If the sale was in a non-taxable account, I believe that there is no wash sale as there is no loss to be claimed on your tax return.
- Sun Jun 10, 2018 2:34 pm
- Forum: Personal Finance (Not Investing)
- Topic: selling home fractionally twice with TIC to use capital gains exemption twice?
- Replies: 7
- Views: 764
Re: selling home fractionally twice with TIC to use capital gains exemption twice?
It doesn't sound right. You should research the IRS "Step Transaction Doctrine".
- Thu Apr 12, 2018 5:11 pm
- Forum: Personal Finance (Not Investing)
- Topic: How do I make sure IRS receives my manual tax return ?
- Replies: 89
- Views: 12307
Re: How do I make sure IRS receives my manual tax return ?
The IRS has no obligation to accept certified mail and return receipts as proof of filing. I worked for a company that mailed their return with such, but the IRS did not accept it and assessed late payment penalties and interest. After fighting it for about 3 years, the IRS prevailed. It cost the co...
- Fri Mar 16, 2018 4:18 pm
- Forum: Personal Consumer Issues
- Topic: The accounting of insurance increases
- Replies: 12
- Views: 927
Re: The accounting of insurance increases
Every year you are a year older with a higher probability of claims.
- Sat Mar 03, 2018 6:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: Do I really need Turbotax premier?
- Replies: 49
- Views: 28579
- Sat Feb 10, 2018 3:37 pm
- Forum: Personal Investments
- Topic: Questions for the self employed
- Replies: 5
- Views: 686
Re: Questions for the self employed
You may have deductible expenses you have not taken into account. For example: "Self-employed health insurance deduction. You may be able to deduct the amount you paid for medical and dental insurance and qualified long-term care insurance for you and your family." This is from p. 35 of IR...
- Sun Dec 17, 2017 11:52 am
- Forum: Personal Finance (Not Investing)
- Topic: Paying Medicare Premiums Quarterly While Suspending SS
- Replies: 16
- Views: 1593
Re: Paying Medicare Premiums Quarterly While Suspending SS
I have sent in my coupon with as much as 6 months payment and have had no problem. Also, pay by credit card that rewards 2.5%.
- Sat Sep 23, 2017 4:28 pm
- Forum: Personal Consumer Issues
- Topic: Asking for no wedding gifts
- Replies: 72
- Views: 6541
Re: Asking for no wedding gifts
How about "The only gift we desire is that of your presence."
- Thu Aug 17, 2017 2:48 pm
- Forum: Personal Consumer Issues
- Topic: Sales Tax Calculation when Buying Online
- Replies: 10
- Views: 949
Re: Sales Tax Calculation when Buying Online
This company has stolen from you and most likely many other Amazon customers. No overseas company has authority to collect a state sales tax. The only place they are remitting it to is their own bank account.
You need to report this seller to Amazon!
You need to report this seller to Amazon!
- Thu Apr 20, 2017 4:03 am
- Forum: Investing - Theory, News & General
- Topic: Larry Swedroe says "Goodbye."
- Replies: 445
- Views: 70656
Re: Larry Swedroe says "Goodby."
Thank you for sharing your time, experience and knowledge. You have been most generous and will be missed.
- Wed Jan 25, 2017 12:39 pm
- Forum: Personal Finance (Not Investing)
- Topic: Saving on tax software
- Replies: 15
- Views: 2674
Re: Saving on tax software
Credit Karma requires a mobile phone number to register for the tax software. I have one, but decided not to register. I am concerned the phone will be used for sales calls.
- Sun Jan 01, 2017 12:20 pm
- Forum: Investing - Theory, News & General
- Topic: REGISTRATION FOR THE 2017 BOGLEHEAD CONTEST
- Replies: 711
- Views: 47893
- Fri Dec 16, 2016 3:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medicare IRMAA
- Replies: 7
- Views: 1343
Re: Medicare IRMAA
Sherlock,
I was not aware of taxation regarding inherited annuities. Good to know.
Thank you.
I was not aware of taxation regarding inherited annuities. Good to know.
Thank you.
- Fri Dec 16, 2016 11:05 am
- Forum: Personal Finance (Not Investing)
- Topic: Medicare IRMAA
- Replies: 7
- Views: 1343
Re: Medicare IRMAA
Sherlock wrote:
An inheritance is not taxable, why did it boost your taxable income?I recieved inheritance in 2014 which boosted income significantly.
- Wed Nov 30, 2016 2:39 pm
- Forum: Personal Investments
- Topic: Inherited IRA Trustee Change + to Roth Conversion
- Replies: 3
- Views: 438
Re: Inherited IRA Trustee Change + to Roth Conversion
I cannot comment as to the transfer process, but you cannot convert an Inherited IRA to a Roth.
- Tue Oct 25, 2016 11:30 am
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone have Medigap with Aetna Health &Life?
- Replies: 6
- Views: 1146
Re: Does anyone have Medigap with Aetna Health &Life?
I'm in IL and pay $154.19. Like you, I am considering changing to Plan G since F won't be offered after 2019. This means leaving USAA since they do not have G.
- Tue Oct 25, 2016 8:16 am
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone have Medigap with Aetna Health &Life?
- Replies: 6
- Views: 1146
Re: Does anyone have Medigap with Aetna Health &Life?
I also have USAA Plan F. I have not received any notice of an increase. If willing, can you share your old and new premium amounts?
- Sun Oct 02, 2016 1:19 pm
- Forum: Personal Investments
- Topic: Where Are My EOM Distributions?
- Replies: 5
- Views: 767
Re: Where Are My EOM Distributions?
I have funds in Short-Term Investment-Grade Fund Admiral Shares (VFSUX). The distribution was posted Saturday am even though the "Distributions" page shows it as payable 10/3. I have not yet upgraded to Brokerage. Could that be the difference? There'd be no financial difference as they hav...
- Wed May 18, 2016 11:07 am
- Forum: Personal Consumer Issues
- Topic: Higher condo fees on higher floor units?
- Replies: 25
- Views: 4017
Re: Higher condo fees on higher floor units?
This will be controlled by state law. The Illinois Condominium Property Act requires that a change in the allocation percentages can only be "changed by agreement of all unit owners". I would think this would be the same in every state. The time to determine if you like the allocation or n...
- Thu Aug 27, 2015 5:09 am
- Forum: Personal Consumer Issues
- Topic: Time to upgrade my HVAC?
- Replies: 22
- Views: 3314
Re: Time to upgrade my HVAC?
Gambler wrote ...what bugs me even more is the constant 10min on, 10min off. We had the opposite problem. Our system was cycling too infrequently in that it got too warm before starting and too cool before stopping. I found a copy of our thermostat manual online and discovered that we can adjust wh...
- Fri May 29, 2015 5:50 am
- Forum: Personal Finance (Not Investing)
- Topic: Long term capital gains tax question
- Replies: 7
- Views: 1248
Re: Long term capital gains tax question
You need to educate yourself about Cost Basis methods in general. A great place to start is the Wiki linked above by JimInIllinois.
Hope this helps.
Hope this helps.
- Thu Apr 16, 2015 3:20 pm
- Forum: Personal Consumer Issues
- Topic: IRS Tax: qualified joint venture income split reporting?
- Replies: 3
- Views: 1212
Re: IRS Tax: qualified joint venture income split reporting?
A qualified joint venture files 2 Schedule C's in lieu of a 1065. From the link you show above, "The provision generally permits a qualified joint venture whose only members are a husband and wife filing a joint return not to be treated as a partnership for Federal tax purposes ." (emphasi...
- Thu Apr 16, 2015 7:02 am
- Forum: Personal Consumer Issues
- Topic: IRS Tax: qualified joint venture income split reporting?
- Replies: 3
- Views: 1212
Re: IRS Tax: qualified joint venture income split reporting?
The 1099 income should be split between the spouses just like any other income or expense. It might be best to attach to your return a statement showing the allocation. To make this clearer for the future, you might consider getting an FEIN and giving that to your clients so that future 1099's are i...
- Tue Apr 14, 2015 5:47 am
- Forum: Personal Finance (Not Investing)
- Topic: Amending tax return
- Replies: 17
- Views: 2047
Re: Amending tax return
The additional tax you owe is dependent on your marginal tax rate and whether or not the dividend income is qualified. The tax may be as low as zero or as high as $17. The late payment penalty is no more than 25% of the additional tax due, or no more than $4. Interest would probably be about 7% per ...
- Tue Feb 03, 2015 11:02 am
- Forum: Personal Investments
- Topic: Problem importing Vanguard into Turbotax
- Replies: 13
- Views: 3085
Re: Problem importing Vanguard into Turbotax
I had the same problem and researched it on TurboTax Help. I found there that importing won't work if you use special characters in your Vanguard password. I changed my Vanguard password to one without special characters and it worked.
MarkS
MarkS
- Sun Nov 02, 2014 4:16 pm
- Forum: Personal Investments
- Topic: Is Vanguard a good place to invest?
- Replies: 59
- Views: 8483
Re: Is Vanguard a good place to invest?
My wife and I have been with Vanguard since 1984. Except for a solo 401(k), all of our investments are there. We have never had a problem of any kind.
That said, I agree with nisiprius, in that, if your wife is against Vanguard, go elsewhere.
That said, I agree with nisiprius, in that, if your wife is against Vanguard, go elsewhere.
- Sun Oct 26, 2014 10:25 am
- Forum: Personal Investments
- Topic: Calculating (IRA) RMD
- Replies: 7
- Views: 1295
Re: Calculating (IRA) RMD
Determining your starting divisor is a little confusing. Your starting year for RMD's is determined by the year in which you turn 70.5. However the divisor you use for calculating the RMD is based on your attained age in the starting year. If born in the 1st half of the year, the year in which you s...
- Fri Oct 17, 2014 8:18 am
- Forum: Personal Consumer Issues
- Topic: Is it possible to have a favorite movie
- Replies: 82
- Views: 7172
Re: Is it possible to have a favorite movie
The Best Years of Our Lives (1946)
- Sun Jun 15, 2014 10:21 am
- Forum: Personal Consumer Issues
- Topic: chicken marinade recipes
- Replies: 48
- Views: 4904
Re: chicken marinade recipes
Can you share it?triggerfish10 wrote:I have a fantastic smoked paprika chicken marinade recipe...

Thanks.
MarkS
- Sun Nov 17, 2013 10:25 am
- Forum: Personal Consumer Issues
- Topic: Help for cleaning my windshield, please!
- Replies: 29
- Views: 7762
Re: Help for cleaning my windshield, please!
Have you ever used a car wash? This is from the Chicago Tribune: Bob Weber Motormouth November 15, 2013 Q: I had my Honda Accord detailed, and when it was returned, I noticed significant water spots on my rear-view mirrors and the outside of the back window. I can only assume they were using hard wa...
- Mon Sep 30, 2013 8:43 am
- Forum: Personal Consumer Issues
- Topic: Elevator Maintenance Contract
- Replies: 3
- Views: 906
Re: Elevator Maintenance Contract
Saving$ and Bonnan, thank you for your responses.
The $408 is for 1 repairman for 1 hour. Therefore, overtime premium/hour is either $204 if time & 1/2 applies or $408 if double time applies (Sundays and holidays).
Mark
The $408 is for 1 repairman for 1 hour. Therefore, overtime premium/hour is either $204 if time & 1/2 applies or $408 if double time applies (Sundays and holidays).
Mark
- Sat Sep 28, 2013 1:15 pm
- Forum: Personal Consumer Issues
- Topic: Elevator Maintenance Contract
- Replies: 3
- Views: 906
Elevator Maintenance Contract
I live in a north suburban Chicago condo and serve on the Board. We have 2 elevators that are covered by a full maintenance contract. The contract covers parts and labor at straight time rates. So, service is free during regular hours. For service outside regular hours, we have to pay for any overti...
- Sat Feb 23, 2013 5:25 pm
- Forum: Personal Investments
- Topic: Including wife in solo 401k plan
- Replies: 4
- Views: 1314
Re: Including wife in solo 401k plan
Yes, you can. Go to irs.gov and search for "qualified joint venture". You'll need to file 2 Schedule C's to allocate the income & expenses.
- Fri Aug 31, 2012 4:55 pm
- Forum: Personal Consumer Issues
- Topic: Homeowners insurance replacement value
- Replies: 27
- Views: 3611
Re: Homeowners insurance replacement value
Get the square footage the inspector came up with from the insurance company and compare it to your own calculation. This happened to me about 10 years ago. My square footage calculated from a survey was about 1,600 when the inspector had about 1,900. I supported my calculation with the insurance co...
- Fri Jun 15, 2012 11:36 am
- Forum: Personal Consumer Issues
- Topic: Foreign film night recommendations.
- Replies: 124
- Views: 9769
Re: Foreign film night recommendations.
Trying not to repeat what others may have listed:
The Apu Trilogy
Pan's Labyrinth
Secret in Their Eyes
Mediterraneo
Like Water for Chocolate
Elling
For Kurosawa fans, try works by director Yoji Yamada. My favorite of his is "The Hidden Blade".
Mark
The Apu Trilogy
Pan's Labyrinth
Secret in Their Eyes
Mediterraneo
Like Water for Chocolate
Elling
For Kurosawa fans, try works by director Yoji Yamada. My favorite of his is "The Hidden Blade".
Mark
- Sat May 19, 2012 6:41 am
- Forum: Investing - Theory, News & General
- Topic: Battle-Royale: Rent-Generating Investments vs. Stock Market
- Replies: 57
- Views: 5663
Re: Battle-Royale: Rent-Generating Investments vs. Stock Mar
One factor I see is inflation. It seems to me that the "historical annual 6.5% increase" you used for the stock market is the historic real return. However, you adjust the real estate return for 2.5% inflation. You should adjust either both or neither investments for inflation in order to ...
- Tue Feb 14, 2012 2:08 pm
- Forum: Personal Consumer Issues
- Topic: What's the cheapest cell phone if you don't need minutes?
- Replies: 82
- Views: 12541
Re: What's the cheapest cell phone if you don't need minutes
For an emergency phone, I use Page Plus Cellular. Their most basic plan is $10 for 120 days and includes 100 minutes.
- Wed Jan 25, 2012 1:26 pm
- Forum: Personal Finance (Not Investing)
- Topic: Taxes and Cash Basis
- Replies: 9
- Views: 1506
Re: Taxes and Cash Basis
The 12/31/11 bank balance per books does not need to be equal to the bank 12/31/11 statement. Most all accounts have activity to the extent that there are always some items in-transit and outstanding. If these checks are properly 2011 expenses, then your books are fine as they are. Simply prepare a ...
- Tue Jan 24, 2012 1:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Taxes and Cash Basis
- Replies: 9
- Views: 1506
Re: Taxes and Cash Basis
I am not familiar with Quickbooks, but I don't see that you need to do anything other than prepare a reconciliation between the bank statement at 12/31 and the books at 12/31 showing the payroll check as an outstanding item.
I hope that answers your question.
I hope that answers your question.
- Tue Jan 24, 2012 7:28 am
- Forum: Personal Finance (Not Investing)
- Topic: Taxes and Cash Basis
- Replies: 9
- Views: 1506
Re: Taxes and Cash Basis
My opinion is that the payroll is expense to the S Corp and income to you in 2011. Be sure the S Corp files it's payroll tax returns (W-2, 941). The building expense is a 2011 expense assuming it does not cover a period beyond 2012. See IRS Publication 538 "Accounting Periods and Methods" ...
- Fri Nov 04, 2011 4:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Best HSA custodian
- Replies: 54
- Views: 26036
Re: Best HSA custodian
I use Health Savings Administrators.
http://www.hsaadministrators.info
They have very reasonable fees and a good selection of Vanguard funds.
http://www.hsaadministrators.info
They have very reasonable fees and a good selection of Vanguard funds.
- Tue Nov 01, 2011 4:56 pm
- Forum: Personal Finance (Not Investing)
- Topic: HSA question
- Replies: 6
- Views: 790
Re: HSA question
Self-employed health insurance premiums are deducted above the line, not as itemized on Schedule A.
See Form 1040 line 29 and instructions.
See Form 1040 line 29 and instructions.
- Tue Oct 25, 2011 4:52 pm
- Forum: Personal Investments
- Topic: I-Bonds form for Trust Purchase
- Replies: 6
- Views: 552
Re: I-Bonds form for Trust Purchase
The form number is 5374-1. It is blue in color. I've never been able to find a download-able one online and have always had to get them them by mail.
Try phoning the Federal Reserve Bank for your area. They may be able to help. Mine is FRB Minneapolis 800-553-2663 but they close at 5:00 central.
Try phoning the Federal Reserve Bank for your area. They may be able to help. Mine is FRB Minneapolis 800-553-2663 but they close at 5:00 central.
- Thu Oct 20, 2011 6:27 am
- Forum: Personal Finance (Not Investing)
- Topic: Checking out an insurance company and/or agent
- Replies: 12
- Views: 1395
Re: Checking out an insurance company and/or agent
Jerilynn,
I have found the following site helpful ( I am a new poster, so can not post a link):
badfaithinsurance dot org
and go to the Good-Bad Faith Ranking page.
I have found the following site helpful ( I am a new poster, so can not post a link):
badfaithinsurance dot org
and go to the Good-Bad Faith Ranking page.