Search found 855 matches

by donall
Fri Aug 23, 2019 9:36 pm
Forum: Personal Investments
Topic: How should I teach Max my 27 year old son about mutual funds?
Replies: 9
Views: 987

Re: How should I teach Max my 27 year old son about mutual funds?

Work with your son in setting up retirement and taxable accounts by gifting him seed money. You can explain a simple investment strategy using index funds or ETFs and set him up to start reading books and blogs most relevant to his age group. Start him on a budgeting app. You can guide him through ...
by donall
Fri Aug 23, 2019 8:46 pm
Forum: Personal Investments
Topic: How should I teach Max my 27 year old son about mutual funds?
Replies: 9
Views: 987

Re: How should I teach Max my 27 year old son about mutual funds?

Work with your son in setting up retirement and taxable accounts by gifting him seed money. You can explain a simple investment strategy using index funds or ETFs and set him up to start reading books and blogs most relevant to his age group. Start him on a budgeting app. You can guide him through w...
by donall
Sat Aug 17, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Uber Driving
Replies: 30
Views: 2239

Re: Uber Driving

Generally not worthwhile! When you do your taxes the first year you will see how little you have made.
by donall
Thu Aug 15, 2019 3:00 pm
Forum: Personal Investments
Topic: Investing Father's Assets Who Is In Nursing Home (POA)
Replies: 60
Views: 3508

Re: Investing Father's Assets Who Is In Nursing Home (POA)

Because of pensions and Social security there is a gap of about $10,000 per year that needs to be paid with other funds for your dad’s care. Since the total assets are $1.4 million, even if all assets were in a money market fund earning 1%, that would be more than enough to pay for your fathers care...
by donall
Sat Aug 10, 2019 3:46 pm
Forum: Personal Consumer Issues
Topic: Overflowing/leaking gutters
Replies: 18
Views: 1163

Re: Overflowing/leaking gutters

We have large gutters and when there are overflows, I always check for blockages. I usually notice this when there is basement leakage in a particular area. Any suspected areas should have hoses run in downspouts until you see water running out. This should be done whenever the gutters are cleaned. ...
by donall
Mon Aug 05, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Appealing property tax assessment
Replies: 19
Views: 1322

Re: Appealing property tax assessment

We’ve done this numerous times. Best situation is when you have bought a house and can decrease assessment by showing the sales contract price is lower than assessed valuation to the assessors office. That is usually a few minutes time and has an immediate effect. Otherwise it can get interesting an...
by donall
Tue Jul 30, 2019 7:56 am
Forum: Investing - Theory, News & General
Topic: Selling coin collection?
Replies: 34
Views: 2780

Re: Selling coin collection?

I hope you do find some interesting coins. We inherited a bunch of coins and bills. Some were worth a bit more than face value, but most was fun money. We used the dollar coins to buy lemonade from the kids on the block. Most had never seen dollar coins, but one child was familiar with dollar coins ...
by donall
Fri Jul 26, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3449

Re: First Home Purchase - Disagreement on Appraisal Contingency

Loan is based on appraisal and is part of bank procedures. I would not mess with that. Unless you really want this house and are prepared to hand over more money for a down payment if necessary.... As a seller, I would try to get this contingency, but would not scrap the deal because of it. Not sure...
by donall
Wed Jul 24, 2019 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: How do you deal with looking bad compared to others?
Replies: 77
Views: 5179

Re: How do you deal with looking bad compared to others?

I’d feel lucky because they will not ask you for money.
by donall
Tue Jul 23, 2019 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Applying for EIN after becoming trustee: SS-4 and online
Replies: 6
Views: 509

Re: Applying for EIN after becoming trustee: SS-4 and online

After death, Trust becomes irrevocable. You should talk to accountant who will file taxes about 645 election. Not sure why you would send in a SS-4 form that can take 4 weeks if you can get an EIN number immediately online.
by donall
Sat Jul 20, 2019 6:08 pm
Forum: Personal Consumer Issues
Topic: issues with roofer
Replies: 15
Views: 1758

Re: issues with roofer

Yes, those long nails can be problematic. One of those nails pierced the AC line resulting in $900 repair.
by donall
Wed Jul 10, 2019 6:09 pm
Forum: Personal Investments
Topic: Drawing down Inherited IRA vs. Roth Conversions
Replies: 13
Views: 954

Re: Drawing down Inherited IRA vs. Roth Conversions

The distribution from the inherited IRA Becomes taxable. The IRA converted to Roth becomes nontaxable. So I would take minimum distribution from inherited IRA and convert traditional IRA to Roth using whatever criteria determined to be best (taxes, financial plan, etc.) to determine amount.
by donall
Tue Jul 09, 2019 11:03 pm
Forum: Personal Consumer Issues
Topic: Best Practices for longer-term house guests?
Replies: 35
Views: 3414

Re: Best Practices for longer-term house guests?

If I stay overnight at someone’s house I usually have a good idea how to fit in. And if I don’t my family or friends will guide me. One of my memories is when I stayed over a weekend at a friends house. She came from a large military family. Guests were expected to help with chores, so one afternoon...
by donall
Sun Jun 30, 2019 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings and Inherited Property
Replies: 53
Views: 6643

Re: Siblings and Inherited Property

You are thinking of renting out an out of state house that you are sentimental about. Sell this house if you can.
by donall
Thu Jun 13, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2819

Re: Is POD the best designation for Mom’s checking account?

POA ends at death. If you have a joint account with your mom that works well for paying immediate bills and automated deposits and payments. You should open a checking account for the estate or trust using a new EIN. This account is useful for refunds (health insurance premiums, utilities, deposits,...
by donall
Mon May 27, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 4864

Re: Teaching jobs

I am assuming you are talking about a high school position. Does your wife have any coaching experience? Does she have experience with coding or robotics? These are areas that make a candidate stand out in the math and science areas. Being eligible or certified to teach Physics is also valuable. Com...
by donall
Fri May 17, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Cost to regrade/flatten a backyard
Replies: 26
Views: 1770

Re: Cost to regrade/flatten a backyard

If you have a conservation area with mature trees, check codes and authorizing area about building wall. Some trees such as White Oaks are very sensitive to grade changes and in three years you can have dozens of dead trees.
by donall
Tue Apr 23, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Paying taxes late (mailing state/fed tomorrow) CPA messed up....
Replies: 13
Views: 1389

Re: Paying taxes late (mailing state/fed tomorrow) CPA messed up....

I am a VITA volunteer and wrote a letter to the state department of revenue on behalf off a client that had the same thing happen to her. We only found out that taxes were not paid when she filed taxes in February and received a letter from the state revenue department. The client received a letter ...
by donall
Mon Apr 22, 2019 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbors sump pump pipe on my property
Replies: 25
Views: 3163

Re: Neighbors sump pump pipe on my property

Your neighbor should Check with your local authorities such as the building or planning departments. In our area, fences cannot impede the natural flow of water. Your neighbor should be working with the local authorities to solve his problem.
by donall
Sun Apr 14, 2019 8:42 am
Forum: Personal Investments
Topic: When does IRS payment post to my account? [Pay1040.com, EFTPS]
Replies: 15
Views: 1184

Re: When does IRS payment post to my account? [Pay1040.com, EFTPS]

I did this one year. The Ibonds were purchased in May. Pretty sure that taxes were paid the first or second week in April.
by donall
Mon Apr 01, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate question: lower the asking price or spend to repair
Replies: 26
Views: 1392

Re: Real Estate question: lower the asking price or spend to repair

Coming in to spring market now, lower price a bit and see what happens. Listing in December or January can result in a stale listing.
by donall
Mon Apr 01, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: CA tax - Can parent pay using their check
Replies: 21
Views: 1089

Re: CA tax - Can parent pay using their check

Yes you should be able to write a check as you described. I’ve done this for one of our kids, but for a different state. Usually tax collectors don’t care how taxes are paid. But Bank should be able to give daughter temporary paper checks. If your daughter has not already learned, her bank is not th...
by donall
Mon Apr 01, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Received offer on house with contingency for prior sale
Replies: 18
Views: 1642

Re: Received offer on house with contingency for prior sale

Yes, downside is that RE agents do not like to show a house that is under contract. Also if buyers do not sell their house then your “under contract” house that then goes back on the market will be harder to sell, as the house was “rejected.”
by donall
Sun Mar 31, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Does a federal estate tax return need to be filed?
Replies: 5
Views: 510

Re: Does a federal estate tax return need to be filed?

I would still file a return to document the lifetime exemption. No harm in that and better prepared if there are changes with the lifetime exemption.
by donall
Sun Mar 24, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Silvercar [Car Rental Service]
Replies: 12
Views: 1502

Re: Silvercar [Car Rental Service]

Great experience in LA last year. Very reasonable and convenient. Would do it again.
by donall
Sun Mar 24, 2019 10:17 am
Forum: Investing - Theory, News & General
Topic: Timing a first-time home purchase
Replies: 16
Views: 1043

Re: Timing a first-time home purchase

You won’t know if it was a good or bad time until 5-10 years have passed.
by donall
Sat Mar 23, 2019 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when client doesn't pay and ignores you?
Replies: 29
Views: 3677

Re: What to do when client doesn't pay and ignores you?

If you have time, then small claims court is a good idea. Best to stand up to people like this. If you don’t have time, then the guitar can be taken as a loss. When you talk to others you will probably learn that there are a lot more small businesses that are owed money.
by donall
Wed Mar 20, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: First Job Offer Out Of College - No Medical Insurance
Replies: 16
Views: 1504

Re: First Job Offer Out Of College - No Medical Insurance

Both positions do not offer health insurance. Not sure what the advantage is staying as an intern with promises. You can still be hired back in a full time position at the first company.
by donall
Thu Mar 14, 2019 1:10 am
Forum: Personal Consumer Issues
Topic: lawn care cost
Replies: 70
Views: 6157

Re: lawn care cost

$35/week for half acre.
by donall
Wed Mar 13, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Joint/Individual Accounts with Spouse
Replies: 27
Views: 2131

Re: Setting up Joint/Individual Accounts with Spouse

Why do all three accounts have to be at BOA?
Nowadays it is pretty easy to transfer money between banks
by donall
Mon Mar 04, 2019 3:00 pm
Forum: Personal Investments
Topic: rolling over i-bonds for a minor
Replies: 5
Views: 264

Re: rolling over i-bonds for a minor

Redeeming and then buying new ibonds (I think you are talking about Ibonds) makes a lot of sense under the circumstances.
by donall
Mon Mar 04, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Convince aging parents to pay for snow removal
Replies: 64
Views: 3747

Re: Convince aging parents to pay for snow removal

So shoveling the driveway seems to be an issue of pride with your parents. You will not be successful today but it would be good to start planting seeds every opportunity. Make sure you call them after shoveling and when they are sore to ask them if they would accept a gift of a shoveling service th...
by donall
Thu Feb 28, 2019 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Designating I Bond beneficiaries on TreasuryDirect.gov
Replies: 8
Views: 789

Re: Designating I Bond beneficiaries on TreasuryDirect.gov

Two years ago, I redeemed an I bond where I was a beneficiary and the owner died. It was a paper bond and so the redemption was done at a bank. The bank sent a 1099-int for the full interest earned. Since the previous owner paid taxes on the interest, I only paid a small amount of the interest for t...
by donall
Mon Feb 25, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Medicare has not cashed my check can I pay electronically
Replies: 3
Views: 321

Re: Medicare has not cashed my check can I pay electronically

From experience with three relatives, that first check takes a long time to clear. If you setup auto deduct, then you may overpay, but you will be reimbursed. It takes 6-8 weeks to set up autopay. The link is the Medicare form to fill out for auto deductions: https://www.cms.gov/medicare/cms-forms/c...
by donall
Mon Feb 25, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Return rejected by IRS (anyone seen "processing issues" from HR Block?)
Replies: 22
Views: 3306

Re: Return rejected by IRS (anyone seen "processing issues" from HR Block?)

H&R Blick had an update on Friday for QBI for the desktop version. It caused problems (don’t ask), so I would extrapolate that there were problems with the online version. I am not using H&R Block, I was assisting an older relative. Her decision was to wait a week before filing hoping that there wou...
by donall
Fri Feb 15, 2019 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 106
Views: 8879

Re: Being content with your finances

So I find myself always searching how to make more and not being content with current income. How do bogleheads find satisfaction with their income. By giving it away. I also prepare taxes for people who have practically nothing. edit: also, attend a few funerals of close friends. +1. One way to be...
by donall
Sun Feb 10, 2019 9:17 pm
Forum: Personal Investments
Topic: FIRE? Need second pair of Bogle-eyes for retirement plan
Replies: 22
Views: 2722

Re: FIRE? Need second pair of Bogle-eyes for retirement plan

In theory: (3,600,000 X 0.04) + ((1500+500) X 12) + ((2000+1000) X 12) = 204,000
- wife should qualify for 1/2 of your Social Security
- with 25% cash, the multiplier may be lower than 4%
- investigate treaty with US and foreign county, as there may be Social Security offsets
by donall
Sun Feb 03, 2019 12:14 am
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 94
Views: 5418

Re: Mazda Miata as Daily Commute Fun Car?

For a few years I had the perfect commute for a Miata. 25 miles round trip with the majority on a winding 2-lane road with a speed of 35 miles. A few stop signs and lights on the way. Miata works well, even if you are 6 feet. Extremely reliable too. But with your commute, I would look into the other...
by donall
Thu Jan 31, 2019 2:16 am
Forum: Personal Finance (Not Investing)
Topic: Appropriate age to communicate your will/wishes to your kids
Replies: 57
Views: 4324

Re: Appropriate age to communicate your will/wishes to your kids

I would suggest keeping the will somewhere besides the safe deposit box. In a fire-proof box in your bedroom or basement, maybe. If you want to keep jewelry and other items in the box at the bank, fine. But not the will. Maybe a small or small-town bank will do things differently, but the big banks...
by donall
Thu Jan 31, 2019 1:29 am
Forum: Personal Consumer Issues
Topic: Best weather sites
Replies: 28
Views: 2209

Re: Best weather sites

Another vote for forecast.weather.gov
I especially like the detailed hour by hour graph with termperature, dew point, wind speed, gust speed, precipitation etc. amazingly accurate.
by donall
Wed Jan 30, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 52
Views: 7968

Re: Zelle Fraud? But how? What now?

Zella seems to work well if you just keep payments to family and close friends. Zella does have hiccups, so it is best to be able to verify that money arrived. Once I had my account debited twice while the recipient only got the initial amount. The bank corrected this within two days.
by donall
Wed Jan 30, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a nondeductible IRA?
Replies: 20
Views: 972

Re: Is this a nondeductible IRA?

Having hybrid IRA accounts is not an ideal situation. If you are losing cognitive abilities or your kids inherit, hybrid distributions can get complex. The basis may also get misplaced and one can pay double taxes. As a previous poster said, file 8606 forms for all the years one made non-deductible ...
by donall
Wed Jan 30, 2019 12:50 pm
Forum: Personal Consumer Issues
Topic: Is Cirque du Soleil worth it?
Replies: 33
Views: 2610

Re: Is Cirque du Soleil worth it?

It is very difficult to predict what a 6 year old will like. I took two kids to the zoo and one was wild about the animals, while the other was wild about......hoses.
by donall
Wed Jan 30, 2019 12:09 pm
Forum: Personal Consumer Issues
Topic: $120 per month for sewer charge? Seems high to me.
Replies: 23
Views: 1563

Re: $120 per month for sewer charge? Seems high to me.

Seems reasonable to me considering the circumstances. In an area near us, public water and sewer were installed and a water tower was built. Previously the properties had septic fields and a community well. An EPA loan was taken out to fund the improvements. Each homeowner was assessed a special ass...
by donall
Sun Jan 06, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 274
Views: 24213

Re: $40,000 in debt, bankruptcy seems to be the best option right now

OP, it is good you are looking to correct this situation. Spending more than you take home each month can quickly balloon in tens of thousands. Don’t sell the house, as renting seems to be the same as your monthly payments and the costs of selling and moving make this a nonstarter. Housing costs are...
by donall
Sat Dec 29, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Social Security question.....
Replies: 12
Views: 760

Re: Spousal Social Security question.....

Even if spouse has never worked, can collect spousal benefit.
https://www.ssa.gov/planners/retire/applying6.html
by donall
Sat Dec 29, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1024
Views: 279313

Re: What is your Year 2018 networth change?

Two weddings, down $60K.
by donall
Mon Dec 10, 2018 11:15 am
Forum: Personal Investments
Topic: Advice for older and younger person saving for retirement?
Replies: 33
Views: 3022

Re: Advice for older and younger person saving for retirement?

Grandmother is a qualifying relative because her income is only SS. See IRS table: https://apps.irs.gov/app/vita/content/globalmedia/table_2_dependency_exemption_relative_4012.pdf Mom should file as head of household, get family credit and pay no taxes in 2018. It is also worthwhile to go back 3 yea...
by donall
Sun Dec 02, 2018 9:51 pm
Forum: Personal Investments
Topic: Buying service years in pension
Replies: 18
Views: 1682

Re: Buying service years in pension

I would buy extra service years. What makes this such a good idea is that the pension can start when your wife is 60.
by donall
Sun Dec 02, 2018 8:31 pm
Forum: Personal Investments
Topic: Simple Person Needs Simple Advice Regarding Retirement
Replies: 26
Views: 2438

Re: Simple Person Needs Simple Advice Regarding Retirement

Have you applied for disability (SSI) from Social Security? Your wife needs to take over the finances and should start taking baby steps now. Please look into meeting with an elder attorney to prepare legal papers such as POA, will/trust, living will, etc.