Search found 7494 matches

by sport
Tue Dec 18, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: IRA RMDs
Replies: 7
Views: 306

Re: IRA RMDs

RMDs for IRA accounts and 401k accounts are completely separate requirements. One has no effect on the other. While you can combine RMD requirements for multiple IRA accounts, 401k RMDs are separate and follow a different set of rules.
by sport
Mon Dec 17, 2018 6:57 pm
Forum: Personal Consumer Issues
Topic: Low flow shower head
Replies: 35
Views: 1646

Re: Low flow shower head

SquawkIdent wrote:
Mon Dec 17, 2018 6:02 pm
sport wrote:
Sun Dec 16, 2018 8:48 pm
The last time I bought one, I bought one of these:

https://speakman.com/shower-and-bath/shower-heads
What is your opinion of the one you bought?
Well, we moved from that house 12 years ago. However, as best as I can recall, we were happy with it. The adjustable spray feature was nice.
by sport
Sun Dec 16, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: Low flow shower head
Replies: 35
Views: 1646

Re: Low flow shower head

Saving$ wrote:
Sun Dec 16, 2018 9:05 pm
People seriously pay only $11/ccf? In my area it is more than twice that. And about 3 times that for some relatives on the other side of the country.
We pay $6/ccf. Of course, we live near a very big lake.
by sport
Sun Dec 16, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Any advice for buying a used car?
Replies: 64
Views: 2163

Re: Any advice for buying a used car?

For cars with good reputations, like Toyota and Honda, a slightly used car will cost almost as much (and perhaps more) than a new one. If you want to get a meaningful discount for buying used, you need to look at makes/models that have much lower demand. Personally, I would suggest a new Toyota or ...
by sport
Sun Dec 16, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: Any advice for buying a used car?
Replies: 64
Views: 2163

Re: Any advice for buying a used car?

For cars with good reputations, like Toyota and Honda, a slightly used car will cost almost as much (and perhaps more) than a new one. If you want to get a meaningful discount for buying used, you need to look at makes/models that have much lower demand. Personally, I would suggest a new Toyota or H...
by sport
Sun Dec 16, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Low flow shower head
Replies: 35
Views: 1646

Re: Low flow shower head

The last time I bought one, I bought one of these:

https://speakman.com/shower-and-bath/shower-heads
by sport
Sun Dec 16, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Take losses even if you don't need them this year?
Replies: 5
Views: 576

Re: Take losses even if you don't need them this year?

Wrapping up my trading this week for '18 I'm showing significant losses. I've already finished my TLH. Should I still take these losses now as they might not be available next year? Thanks so much for any actionable insights. Be Well, fmhealth Sure. You can take 3K against ordinary earnings. If you...
by sport
Sun Dec 16, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Your Cost for Homeowners Insurance?
Replies: 6
Views: 556

Re: Your Cost for Homeowners Insurance?

It is not meaningful to compare policies due to the extra cost options that may or may not be included: Scheduled personal articles Sewer/Water backup coverage Higher limits on contents Higher limits on electronics Extra coverage for silverware Extra coverage for furs Coverage for HOA liability High...
by sport
Sun Dec 16, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: 2018 Nissan Altima: $6,000 in dealer and Mfg incentives, can you still haggle?
Replies: 2
Views: 377

Re: 2018 Nissan Altima: $6,000 in dealer and Mfg incentives, can you still haggle?

If you are ready to buy one, you can always offer less. The worst thing that can happen is that they say "no".
by sport
Sat Dec 15, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard RMD tax withholding
Replies: 11
Views: 765

Re: Vanguard RMD tax withholding

I have enough withheld, along with any other withholding, to equal last years tax liability. This gives me safe harbor status. I'll settle up any difference in March of next year.
by sport
Sat Dec 15, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: [How do I send my Qualified Charitable Distribution to a charity]?
Replies: 26
Views: 1321

Re: [How do I send my Qualified Charitable Distribution to a charity]?

I sent a check written by Vanguard to one charity. After a month or two, I had not received an acknowledgment. So, I asked the charity about it. They claimed no knowledge of the donation. So, I contacted Vanguard and they told me the check was never cashed. So, they stopped payment on that one and i...
by sport
Sat Dec 15, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 58
Views: 4001

Re: portable jump starters

I have one. It was less than $50 from costco. It is awesome and has saved me a lot of trouble. https://www.costco.com/Lithium-Jump-Starter-Portable-Power-Bank-with-Brush-Metal-Finish.product.100383979.html Edit: i used the cables/clips directly on the battery terminals (not the cigarette port) I us...
by sport
Fri Dec 14, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Grandma's Money
Replies: 8
Views: 1360

Re: Grandma's Money

Since your father does not want to manage the account himself, and it is unlikely he would want you to manage it, you can tell him that Vanguard will manage it for 0.30%. You can calculate the difference in the management fees. That might get him interested.
by sport
Fri Dec 14, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Critique my SS/RMD Tax Plan
Replies: 18
Views: 1336

Re: Critique my SS/RMD Tax Plan

sawdust60 wrote:
Fri Dec 14, 2018 4:23 pm
Since RMD is required even in the year of death, one strategy is to do it in January so that heirs cannot overlook the requirement. You can still withhold tax the same as if you did it in December.
That gives up the opportunity for QCDs throughout the year.
by sport
Fri Dec 14, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 58
Views: 4001

Re: portable jump starters

I have one. It was less than $50 from costco. It is awesome and has saved me a lot of trouble. https://www.costco.com/Lithium-Jump-Starter-Portable-Power-Bank-with-Brush-Metal-Finish.product.100383979.html Edit: i used the cables/clips directly on the battery terminals (not the cigarette port) I us...
by sport
Fri Dec 14, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Withdrawals at age 70
Replies: 24
Views: 1451

Re: IRA Withdrawals at age 70

Note: In a year an RMD is required, the first distributions up to the RMD amount are considered the RMD. In order for the distributions to be considered a QCD in the year you turn 70.5. The first distributions of the year must be the QCD after your birthday. My understanding is that the first withd...
by sport
Fri Dec 14, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?
Replies: 76
Views: 4832

Re: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?

So many consumer products and grocery items are shrinking in size. I find this very disappointing. Grocery store (including Aldi) Orange juice recently decreased again to 52 ounces. We buy the Kirkland (Costco) brand of TP and we trust Costco enough to ensure that we are getting a good value. Costc...
by sport
Fri Dec 14, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: IRA Withdrawals at age 70
Replies: 24
Views: 1451

Re: IRA Withdrawals at age 70

The divisors quoted above are for: 1. Unmarried Owners 2. Married Owners whose spouses are not more than 10 years younger 3. Married Owners whose spouses are not the sole beneficiaries of their IRAs What is the difference if a spouse and, say, a sibling/child are both beneficiaries of an IRA? I quo...
by sport
Fri Dec 14, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 35
Views: 2678

Re: My PenFed 5 yr CDs are maturing

Called Penfed and the 2% savings account is only available with NEW (outside) money. My bank also has offers for "new money". The rates they pay on "old money" are terrible. So, I responded by withdrawing the "old money" and took it elsewhere. It seems that banks try to take advantage of their cust...
by sport
Fri Dec 14, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: IRA Withdrawals at age 70
Replies: 24
Views: 1451

Re: IRA Withdrawals at age 70

There is another detail to note: When you calculate your RMD, it is based on your account balance at the end of the previous year, but you use the divisor for your age at the end of the year. So, if you become 70.5 in the last half of the year, your divisor for your first RMD is the one for age 70,...
by sport
Fri Dec 14, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: IRA Withdrawals at age 70
Replies: 24
Views: 1451

Re: IRA Withdrawals at age 70

There is another detail to note: When you calculate your RMD, it is based on your account balance at the end of the previous year, but you use the divisor for your age at the end of the year. So, if you become 70.5 in the last half of the year, your divisor for your first RMD is the one for age 70, ...
by sport
Fri Dec 14, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: IRA Withdrawals at age 70
Replies: 24
Views: 1451

Re: IRA Withdrawals at age 70

From Bankrate.com: Eventually, you have to take out at least minimum amounts, known as required minimum distributions, or RMDs, from your account once you reach age 70 1/2. Technically, that means the IRA money must start coming out in specific increments no later than April 1 following the year yo...
by sport
Thu Dec 13, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Critique my SS/RMD Tax Plan
Replies: 18
Views: 1336

Re: Critique my SS/RMD Tax Plan

I also understand that taxes can be withheld at any time during the year, not like estimated payments that must be current on a quarterly basis. The problem with taking the entire RMD in a lump sum near the end of the year is that you will miss out on the opportunity to make QCD donations. If you ma...
by sport
Thu Dec 13, 2018 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Reporting for Brokered CDs
Replies: 15
Views: 742

Re: Tax Reporting for Brokered CDs

Many thanks to everyone for the comprehensive answers to my questions. I think taxes are more complicated than investing.
by sport
Thu Dec 13, 2018 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Reporting for Brokered CDs
Replies: 15
Views: 742

Re: Tax Reporting for Brokered CDs

Thanks for the info on market discounts.
If instead of a market discount, I pay a market premium, say 105. How is that handled?
by sport
Thu Dec 13, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Tax Reporting for Brokered CDs
Replies: 15
Views: 742

Re: Tax Reporting for Brokered CDs

I know that is how it works for stocks. I thought for bonds, there is imputed interest each year, if bought at a discount. CDs would be the same as bonds.
by sport
Thu Dec 13, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: IRA Withdrawals at age 70
Replies: 24
Views: 1451

Re: IRA Withdrawals at age 70

Question: I am 70, and I will be 70 1/2 next year . If I take money from my IRA now, will it count to my first RMD? What I mean is if I can substruct what I take now from next year's RMD? No, that will not work. You have no RMD this year. Your RMD next year will be based on the account balance on 1...
by sport
Thu Dec 13, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Tax Reporting for Brokered CDs
Replies: 15
Views: 742

Tax Reporting for Brokered CDs

If I buy a brokered CD in the secondary market, the price will be different from 100. How do I report the difference between the purchase price and the return of principle at maturity for a taxable account. Is this something I have to calculate each year, or will it just be included as part of the i...
by sport
Wed Dec 12, 2018 4:55 pm
Forum: Personal Consumer Issues
Topic: NEW CAR anyone w/ experience buying police, SSV or taxi package?
Replies: 19
Views: 2055

Re: NEW CAR anyone w/ experience buying police, SSV or tax package?

Many years ago, I knew of a used car dealer that specialized in selling former police and highway patrol cars. The cars sat on the lot with the police markings scratched off. If you bought one, they would have it repainted the color of your choice. They would also fill in the holes where the police ...
by sport
Wed Dec 12, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: RMD Question
Replies: 11
Views: 636

Re: RMD Question

Thanks Alan, unfortunately the RMD was already taken for 2018, even if I could I don't want to take a second distribution this year. For the purpose of clarity only - you can make as many withdrawals per year as you want so long as you at least take enough to satisfy the RMD before end of year. Che...
by sport
Wed Dec 12, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 35
Views: 2678

Re: My PenFed 5 yr CDs are maturing

I prefer having my CDs mature at staggered dates, aka a CD ladder. That way, they all do not mature at a time when the rates are low, and if rates increase, I will not have to wait a long time to take advantage of the increase. The price for this "insurance" is a lower yield on the shorter CDs you ...
by sport
Tue Dec 11, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: CD's safer than Bond Funds?
Replies: 15
Views: 1748

Re: CD's safer than Bond Funds?

Mike,
There are different types of bond funds. You can get tax exempt bond funds, and you can get inflation adjusted bond funds. It depends on your situation and needs.
by sport
Tue Dec 11, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Non-brokered CD's available at Vanguard (for retirement accounts)?
Replies: 6
Views: 509

Re: Non-brokered CD's available at Vanguard (for retirement accounts)?

I'm guessing that brokered CD's don't pay as much. In my experience, brokered CDs usually pay a higher rate than direct CDs. Another advantage, is that you can get CDs from different banks all in one place, rather than chasing rates every time one matures. Another problem I have encountered with di...
by sport
Tue Dec 11, 2018 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: CD's safer than Bond Funds?
Replies: 15
Views: 1748

Re: CD's safer than Bond Funds?

Doesn't a CD (brokered or not) have a defined value: the face value plus the sum of all the interest payments? In contrast, doesn't the value of shares in a Bond fund fluctuate every day? -Mike No, a brokered CD changes in value while you hold it. If you want to sell it, you may get more or less th...
by sport
Tue Dec 11, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: CD's safer than Bond Funds?
Replies: 15
Views: 1748

Re: CD's safer than Bond Funds?

If the CD is a brokered CD, then yes, it acts just like a bond. However, unlike a bond fund, the CD has a maturity date so the duration keeps getting smaller. At maturity, you get all the principle back. If it is a direct CD, they cannot be traded, and therefore are not marked to market value. The v...
by sport
Tue Dec 11, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Keepsake Savings Bonds?
Replies: 9
Views: 587

Re: Keepsake Savings Bonds?

I had some given to me when I was born. They were printed on the same kind of paper used for currency. They were approximately 8X10 inches in size, and were beautifully engraved. I wish there were scanners when I had to surrender them for payment.
by sport
Tue Dec 11, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: IRS on making QCD by check from IRA
Replies: 14
Views: 860

Re: IRS on making QCD by check from IRA

There is one other consideration. I use Vanguard Prime MM fund in my IRA for writing QCD checks. There is a $3K minimum to open the fund. I keep just enough in that fund to cover the checks I expect to write. So, if there is some kind of fraud, or mistake, the bulk of my IRA is not exposed to the ch...
by sport
Tue Dec 11, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 35
Views: 2678

Re: My PenFed 5 yr CDs are maturing

I prefer having my CDs mature at staggered dates, aka a CD ladder. That way, they all do not mature at a time when the rates are low, and if rates increase, I will not have to wait a long time to take advantage of the increase. The price for this "insurance" is a lower yield on the shorter CDs you n...
by sport
Tue Dec 11, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: Fidelity Rep: Don't use target date because you can't time the market.
Replies: 19
Views: 2585

Re: Fidelity Rep: Don't use target date because you can't time the market.

In a phone call this afternoon, a Fidelity rep recommended not using target date funds because they automatically adjust and I wouldn't be able to time the market and rebalance during a dip. Thoughts??? You are smart to ask about this! My thought is he wants to put you in a fund where Fidelity make...
by sport
Mon Dec 10, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Rep: Don't use target date because you can't time the market.
Replies: 19
Views: 2585

Re: Fidelity Rep: Don't use target date because you can't time the market.

willthrill81 wrote:
Mon Dec 10, 2018 11:05 pm
If this rep is saying that he can effectively time the market, ask him for (1) his specific, rules-based strategy for doing so and (2) his specific track record. He won't give you either most likely.
If (s)he can effectively time the market, (s)he would not have to work for a living. :mrgreen:
by sport
Mon Dec 10, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: Where are the Brokered CDs?
Replies: 11
Views: 1116

Re: Where are the Brokered CDs?

There are only two for each term of 2-5 years: 2-year: Citibank and Ally 3-year: Ally and Goldman Sachs 4-year: Citibank and Goldman Sachs 5-year: Citibank and Goldman Sachs In past months, there were usually at least 4 to 6 offerings at each term. Even Wells Fargo has no offerings and they are usua...
by sport
Mon Dec 10, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: Where are the Brokered CDs?
Replies: 11
Views: 1116

Re: Where are the Brokered CDs?

I was looking at original issue only.
by sport
Mon Dec 10, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: Where are the Brokered CDs?
Replies: 11
Views: 1116

Where are the Brokered CDs?

I have been looking at the brokered CD offerings at Vanguard. Almost all the 2-year, 3-year, 4-year, and 5-year offerings have disappeared. What is the explanation for this? Can we expect the usual number of offerings to return? If so, when? Is something unusual going on?
by sport
Sat Dec 08, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Attic insulation-R30 to R60 worth it?
Replies: 33
Views: 3168

Re: Attic insulation-R30 to R60 worth it?

In summer with A/c it is actually better "not" to run a ceiling fan for comfort as heat in that kind of ceiling will rise to the top of the room out of the living space, if the a/c is on and you run a ceiling fan it will mix up the air with the top of the room actually making it warmer. Ceiling fan...
by sport
Fri Dec 07, 2018 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: VMMXX over.... CD, Bonds, HYS?
Replies: 17
Views: 1661

Re: what is VMMXX?????

Socrates28 wrote:
Fri Dec 07, 2018 10:20 pm
:confused
Vanguard Prime Money Market Fund
by sport
Fri Dec 07, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: VMMXX over.... CD, Bonds, HYS?
Replies: 17
Views: 1661

Re: VMMXX over.... CD, Bonds, HYS?

Banks have "money market accounts" which are FDIC insured. They should not be confused with "money market funds" which are not bank accounts and therefore, not FDIC insured. MM Funds yield the market rate less expenses. MM Accounts yield whatever the bank chooses to pay.
by sport
Fri Dec 07, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: VMMXX over.... CD, Bonds, HYS?
Replies: 17
Views: 1661

Re: VMMXX over.... CD, Bonds, HYS?

The yield reported for MM funds is after expenses.
by sport
Fri Dec 07, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 182
Views: 19778

Re: Best values at Costco? Honestly, a little disappointed...

Starfish wrote:
Fri Dec 07, 2018 4:18 pm
We are happy because we don't have to cook lung
You eat lung raw?
by sport
Fri Dec 07, 2018 4:26 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 58
Views: 4001

Re: portable jump starters

A word of caution: Although it seems to be routine, jump starting an auto battery can be dangerous. Be sure to follow the instructions and wear eye protection. This applies to jump starting devices and ordinary jumper cables. sport (a former battery engineer) I am a little concerned that no one has...
by sport
Fri Dec 07, 2018 2:38 pm
Forum: Personal Consumer Issues
Topic: Root Canal - dentist or endodontist
Replies: 47
Views: 3567

Re: Root Canal - dentist or endodontist

I once needed a root canal due to some sloppy work done by the dentist. He offered to do the root canal. Yeah, right... :!:
That was about the same time I found another (much better) dentist.