Search found 1980 matches

by Katietsu
Tue Jun 18, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge and Preferred Rewards
Replies: 38
Views: 3347

Re: Merrill Edge and Preferred Rewards

Yes, was part of big account move. Called BofA, got it removed. Was in top tier. Do you recall how long from opening your ME and BoA checking account to being able to enroll in Preferred Rewards? I'm hoping it's not the full 3 months because then there may be a total of three checking account fees ...
by Katietsu
Tue Jun 18, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to get out of daycare 6 week notice?
Replies: 22
Views: 1352

Re: Any way to get out of daycare 6 week notice?

With no particular penalty listed, you might be in a better position to negotiate. If they do have a long waiting list, I would hope that a compromise of one or two weeks would be satisfactory.
by Katietsu
Mon Jun 17, 2019 11:25 am
Forum: Personal Investments
Topic: Questioning our portfolio
Replies: 54
Views: 2445

Re: Questioning our portfolio

I know it is a tiny piece, but what is the purpose of the 401K at Union Bank? Are you aware that your 401k limit of $19,000 is across all employers? So, you will need to monitor and adjust your contributions yourself is you are still actively contributing to both plans to make sure you do not exceed...
by Katietsu
Mon Jun 17, 2019 9:08 am
Forum: Personal Investments
Topic: TIRA to Roths? help Please
Replies: 87
Views: 2433

Re: TIRA to Roths? help Please

When you say total income was $94k, are you including the dividends? Because the dividends, if they are Qualified dividends are included in AGI but are then taken out before "tax bracket" income is calculated. If dividends are $30 to $35k, let's pick $32.5k So if my guesses are correct, your 2018 "...
by Katietsu
Sun Jun 16, 2019 7:06 pm
Forum: Personal Investments
Topic: Thinking of leaving Fidelity - where to go?
Replies: 12
Views: 1630

Re: Thinking of leaving Fidelity - where to go?

I have at least some experience with quite a few of the major choices. Fidelity has been one of the best run of the group. I have had some experiences that I have found pretty unsettling with others but not Fidelity. I would be careful about moving. Good chance of a lot of work to end up in a worse ...
by Katietsu
Sun Jun 16, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents and gift tax
Replies: 13
Views: 1182

Re: Parents as dependents and gift tax

OP, Are you concerned with how much you can gift your parents without tax consequences? You can give any person $15000 without tax consequences or using any of your lifetime exclusion. You can also pay medical and education expenses if you pay the provider/institution directly above and beyond. So t...
by Katietsu
Fri Jun 14, 2019 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Has an executor of an estate had difficulty receiving tax refund of deceased
Replies: 6
Views: 397

Re: Has an executor of an estate had difficulty receiving tax refund of deceased

You sent a lot of paperwork with the original submission, some of which was unnecessary. However, the Form 1310 was needed before any of the other stuff “counted”. So, they effectively received the submission in mid to late April right around the time that there is going to be the biggest queue of r...
by Katietsu
Fri Jun 14, 2019 12:54 am
Forum: Personal Consumer Issues
Topic: Alternatives to car rental for three months?
Replies: 53
Views: 3280

Re: Alternatives to car rental for three months?

If you don’t need a lot of miles, you might be able to rent for cheaper from a car dealership. I have got low rates this way while accepting (reasonable) mileage limitations.
by Katietsu
Thu Jun 13, 2019 2:40 am
Forum: Personal Investments
Topic: Am I being realistic?
Replies: 9
Views: 1778

Re: Am I being realistic?

You could use the allocation of the retirement target date 2030 funds from Vanguard and Fidelity which seems to be 70%-75% equities. Or you could go to a 60/40 allocation and just stay there as was often recommended for many years. But you could also reason that you are younger than the typical 2030...
by Katietsu
Tue Jun 11, 2019 1:16 pm
Forum: Personal Consumer Issues
Topic: Best Laptop/Surface Pro - $1,000 +/-
Replies: 14
Views: 767

Re: Best Laptop/Surface Pro - $1,000 +/-

Are all touch screens about the same level of reflection? I was considering a Microsoft Surface 2 Laptop but felt like I could use it like a mirror.

I know that touch screens are all glossy. But is there a best in class for reducing reflections when used in a brightly lit room?
by Katietsu
Tue Jun 11, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: Will Dollar Cost Averaging Result in a Tax Preparation Nightmare?
Replies: 23
Views: 2205

Re: Will Dollar Cost Averaging Result in a Tax Preparation Nightmare?

It may not be a nightmare now that brokerages must track your basis. But if you use any basis option besides average cost, it can be unwieldy. So, for taxable accounts, I typically make larger less frequent purchases rotating the Fund/ETF that I am buying. I did not use automatic dividend reinvestme...
by Katietsu
Mon Jun 10, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 3673

Re: Late Life/End of Life Expenses

I do think about later in life expenses when I read “Can I retire?” posts that plan for $40,000 a year in living expenses for a couple, for instance. There are many degrees of being unable to live fully independently. Having funds to hire help, may allow you to stay in your home longer. You may be a...
by Katietsu
Mon Jun 10, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Efficiently giving to an individual
Replies: 32
Views: 2519

Re: Efficiently giving to an individual

I agree that giving directly is the way to eliminate all fees. However, there may be a circle of people who would donate if you set up a Facebook personal fundraiser or GoFundMe page that would otherwise not be involved. In a similar situation, we raised about $5000 in a week or so using FaceBook. I...
by Katietsu
Mon Jun 10, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Checks without my account number
Replies: 39
Views: 3852

Re: Checks without my account number

Bill Pay for my primary checking account does not include my account number. Instead of my account number, there is a 16 digit transaction number. Every paper check issued has a unique one time use number on it. I have therefore used bill pay for things like embership dues for a club. Sometimes I ha...
by Katietsu
Sun Jun 09, 2019 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is POD the best designation for Mom’s checking account?
Replies: 38
Views: 2662

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

Anyone know if the checking account was changed to my being a joint owner, would those funds be available to me, as a joint owner, after her death but before my executor/PR paperwork comes through? Yes Edit: sorry, that’s if the account is outside of the trust. Pretty sure accounts with co-owners c...
by Katietsu
Fri Jun 07, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do I adjust capital gains/losses for short term trading fees?
Replies: 10
Views: 534

Re: Do I adjust capital gains/losses for short term trading fees?

To give a little more detail: On the trade confirmation, the gross proceed for a particular sale is reported. A few pennies, ie $0.31, is subtracted for FINRA fees for a net proceeds just 31 cents less the gross proceeds. This is the net proceeds reported on the 1099-B. The cost basis reported on th...
by Katietsu
Fri Jun 07, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Toaster ovens - safe? better alternative?
Replies: 50
Views: 3553

Re: Toaster ovens - safe? better alternative?

About 10 years ago, I upgraded from the $30 Black and Decker to a Krups and subsequently to a Breville Smart Oven. I have not used my built in oven for our personal meals in the decade since. I make everything in it. Last night we had halibut. Tomorrow, I will use it for a pie. I would spring for a ...
by Katietsu
Thu Jun 06, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Disbursement Question
Replies: 7
Views: 630

Re: Retirement Disbursement Question

I'm in Texas, so state tax is not an issue. This is also not my only retirement source. This is a very small portion of my overall portfolio. My company decided they didn't want to maintain the pension plan, hence it's dissolution. It has been frozen for 5+ years, so there has been no growth. I hav...
by Katietsu
Thu Jun 06, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do I adjust capital gains/losses for short term trading fees?
Replies: 10
Views: 534

Do I adjust capital gains/losses for short term trading fees?

In 2018, I bought a couple of ETFs that were on the NTF list for the broker. A few days later the price dropped and I sold to tax loss harvest. I was charged a "short term trading fee" for each transaction. I received a 1099-B that listed these transactions as covered securities, naturally. The shor...
by Katietsu
Thu Jun 06, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 315
Views: 21574

Re: Selling home- Demanding Buyer (Repairs)

I would not be showing it now. And I do not think the buyer is being unreasonable about wanting to be involved with the septic issue fix. But I am just an average person with an average amount of real estate experience so maybe you should listen to the BH experts. From my perspective, I think the se...
by Katietsu
Thu Jun 06, 2019 9:26 am
Forum: Personal Consumer Issues
Topic: Help:Finally cutting the cord with U-verse...
Replies: 14
Views: 975

Re: Help:Finally cutting the cord with U-verse...

First, I would not cancel your current service yet unless you are OK losing your current landline number and going without any services temporarily. It may take longer than the week you have to get things switched around. Switching a landline number does not happen instantly like a cellphone and may...
by Katietsu
Thu Jun 06, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6070

Re: Suggestions on fraudulent medical bill

I got ticked off some years ago when an internist I had just become a patient of showed up out of the blue in my hospital room, talked about nothing for five minutes, then sent me a bill. I was done with him by the time I got the bill, so I just assumed he was a crook and paid the bill to avoid has...
by Katietsu
Wed Jun 05, 2019 2:46 pm
Forum: Personal Consumer Issues
Topic: Refrigerator Advice
Replies: 46
Views: 3092

Re: Refrigerator Advice

My wife's criteria are: French door style, bottom freezer, in-door ice machine/water dispenser, stainless steel, and stylish. Have you used a bottom freezer before? I know it is all the rage, but we hate it. Our current house came with a brand new one and we are considering moving it to the basemen...
by Katietsu
Tue Jun 04, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a grace period for canceling a whole life policy?
Replies: 7
Views: 418

Re: Is there a grace period for canceling a whole life policy?

Could it be just a smallish policy, eg $10,000, to cover burial expenses? I could see this being reasonable.
by Katietsu
Tue Jun 04, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Can I backdoor a recharacterized IRA?
Replies: 14
Views: 865

Re: Can I backdoor a recharacterized IRA?

Starting the ROTH was a mistake on my part (I now know I have other ways I can use this money more wisely), and my goal is to just convert it back to ROTH, take out my contributions and let what little earnings I have had in this period just sit there forever (i.e. swipe the problem under the rug)....
by Katietsu
Mon Jun 03, 2019 9:23 pm
Forum: Personal Consumer Issues
Topic: New refrigerator noise is driving us nuts
Replies: 32
Views: 2516

Re: New refrigerator noise is driving us nuts

Here is one of the previous threads similar to your issue:

viewtopic.php?t=251858
by Katietsu
Sun Jun 02, 2019 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do realtors show prospective re locators around
Replies: 6
Views: 682

Re: Do realtors show prospective re locators around

If I understood correctly, your company has a presence in Charlotte. It is quite possible they have a firm that they use regularly to do this for prospective hires.
by Katietsu
Sat Jun 01, 2019 10:21 pm
Forum: Personal Consumer Issues
Topic: What to do with a 24" analog CRT TV?
Replies: 56
Views: 2955

Re: What to do with a 24" analog CRT TV?

Wow. You never know what you will learn here. I decided last week to get rid of my Sony Wega from my office that gets used about once every two years these days. Probably used less than 200 hours total. Expected just to put it in tomorrow’s trash. (Waste company is required to pick up recycle one el...
by Katietsu
Sat Jun 01, 2019 3:51 pm
Forum: Personal Consumer Issues
Topic: Apple - Old Product Boxes - Keep or Dispose?
Replies: 48
Views: 6091

Re: Apple - Old Product Boxes - Keep or Dispose?

Middle of the road...my choice would be to keep the boxes only if you still have the matching phone.
by Katietsu
Fri May 31, 2019 9:05 am
Forum: Personal Consumer Issues
Topic: SiriusXM Free Trial [on my new car] Ends Today
Replies: 27
Views: 1909

Re: SiriusXM Free Trial Ends Today

What do you get for $99? I got the All Access package for that price which includes streaming from computers and smartphones. That was the best offer for All Access and I went without the radio for an extended time. ( I also got a free Echo Dot but that was a special promotion.) Also know that the a...
by Katietsu
Thu May 30, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21459

Re: Can I afford this 2.3 million dollar home?

Custom Build in a HCOL neighborhood in a MCOL area. I agree with considering your options should you wish to move. These kind of houses in my area can take over a year to sell. Not enough people who can afford a house in that price range and too many options still available for those who can to do t...
by Katietsu
Thu May 30, 2019 9:42 am
Forum: Personal Investments
Topic: Am I playing a losing game?
Replies: 33
Views: 3200

Re: Am I playing a losing game?

This board has a lot of fans of simplicity and hence the recommendations for the three fund portfolio. You have a good suggestion for that approach. If you want to do a bit more research and add real estate, emerging markets or smaller company stocks, you have some great options in your plan. The ke...
by Katietsu
Wed May 29, 2019 3:17 pm
Forum: Personal Investments
Topic: Stuck with IRA balance
Replies: 7
Views: 726

Re: Stuck with IRA balance

As already pointed out, the easiest move is just to convert it all to a Roth and pay regular income taxes on the earnings. This would probably be my choice given the small amount of taxable dollars, presumably. The second option would be to roll the earnings into one of the 401k plans. You would nee...
by Katietsu
Mon May 27, 2019 12:53 am
Forum: Personal Consumer Issues
Topic: Need help with landline service
Replies: 8
Views: 769

Re: Need help with landline service

There are two ways to have people leave messages. One is to have messages left on the Comcast Voicemail service. If this is set up, you should be able to have no equipment in your house and a message would be taken by the Comcast system. You can go to settings for this and select various options suc...
by Katietsu
Sun May 26, 2019 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents and gift tax
Replies: 13
Views: 1182

Re: Parents as dependents and gift tax

You can also pay for their medical expenses and medical insurance without limit. Yes, but as I understand it, the payment must be direct to the medical provider, and not "to your parents" for them to make the payment. RM Yes, the payment would need to go to the medical provider or the insurer direc...
by Katietsu
Sun May 26, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents and gift tax
Replies: 13
Views: 1182

Re: Parents as dependents and gift tax

You can also pay for their medical expenses and medical insurance without limit.
by Katietsu
Sun May 26, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Car dealer 1.9% financing vs Ally CD ladder
Replies: 4
Views: 667

Re: Car dealer 1.9% financing vs Ally CD ladder

I think this is the same debate as chasing credit rewards. I am regularly trying to balance simplification with optimization of bonuses, rewards, higher interest and lower fees. I tend to think in terms of how much am I making on an hourly basis and how much mental drain is involved. I actually deci...
by Katietsu
Sun May 26, 2019 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Billing
Replies: 6
Views: 1095

Re: State Farm Billing

I agree with checking on it. My experience has been that billing lags new cards and new declarations. So, good chance the billing just hasn’t happened yet.
by Katietsu
Sun May 26, 2019 8:58 pm
Forum: Personal Consumer Issues
Topic: Extended auto warranty - who to buy from, if you want to
Replies: 40
Views: 2084

Re: Extended auto warranty - who to buy from, if you want to

You say you want to keep the car for 15 years. Can you name a single aftermarket warranty company who was around 15 years ago and is still in business. It's possible there may be one somewhere, but I've found zero. When looking into a factory extended warranty I found a page (either Ford or Subaru)...
by Katietsu
Sun May 26, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5216

Re: Close to making an offer on a home

Then , if you sell, the rule of thumb I have seen is to expect costs of 10% - 15% of the property value for the selling process. Having just sold our house a few months ago, I think this is far too high. This is indeed far too high. 6% to realtor, plus local taxes. In our case taxes were 1.7%. If y...
by Katietsu
Sun May 26, 2019 7:00 pm
Forum: Personal Investments
Topic: Help with Parents financial planning
Replies: 30
Views: 2609

Re: Help with Parents financial planning

I am guessing that Mom was a teacher in NY and the return would be real. I thought I heard somewhere that it could be reduced to 7% but never lower. Fidelity is fine for Dad’s 401k. You just need to be a bit more careful with your selection because they will have low expense index funds that have ve...
by Katietsu
Sun May 26, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5216

Re: Close to making an offer on a home

Please try not to get caught up with “house fever” and put yourself in a financially stressful situation. When deciding how much you can afford to buy, remember that comparing a mortgage payment to rent is not a direct comparison. If you purchase a home, you will have guaranteed costs of taxes and i...
by Katietsu
Sat May 25, 2019 10:32 am
Forum: Personal Investments
Topic: wondering if I would be better served by etf's or should I stay put with MF's
Replies: 12
Views: 1665

Re: wondering if I would be better served by etf's or should I stay put with MF's

I use ETF’s in my taxable accounts. The mental accounting is easier for me. I can tax loss harvest without worrying that the price is going to go up before the end of the day. I can transfer between brokerages and not worry about large fees to sell or add to positions. For the couple of non Vanguard...
by Katietsu
Fri May 24, 2019 9:47 pm
Forum: Personal Investments
Topic: Help with my wife's 1099 Retirement and Backdoor Roth
Replies: 7
Views: 313

Re: Help with my wife's 1099 Retirement and Backdoor Roth

You are confusing a couple of things. For the back door Roth, you start by opening a traditional IRA. You then make a non deductible contribution to that traditional IRA. The next step is to complete a conversion to a Roth IRA. This is basically a way for high income earners to make a Roth contribut...
by Katietsu
Fri May 24, 2019 9:25 pm
Forum: Personal Investments
Topic: Do I need retirement accounts if my deductions are already high?
Replies: 11
Views: 1153

Re: Do I need retirement accounts if my deductions are already high?

Consider a Roth IRA. Contributions can be withdrawn at any time without a tax consequence or penalty. Only earnings need to stay until 59.5 to avoid taxes. If you use a Roth for part of your savings, just keep really good track of your contributions since you might pull money out before 59.5z
by Katietsu
Thu May 23, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning question risk of DNA services with half brother relatives filing against estate
Replies: 48
Views: 3850

Re: Estate Planning question risk of DNA services with half brother relatives filing against estate

-I have not use a DNA Ancestry service but I have relatives who have. It is my understanding that you can choose to allow family matches and communication or not. If this is a concern, contact the organization and see if you can set your profile to private or whatever it is to turn those features of...
by Katietsu
Thu May 23, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs]
Replies: 67
Views: 2785

Re: Looks like the Stretch IRA is about to be killed

First, this is about law not yet passed. So, thread will be locked. Second, google end of the stretch IRA and you will see why any speculation is very much speculation.
by Katietsu
Thu May 23, 2019 1:24 pm
Forum: Personal Investments
Topic: Is there a way to successfully ask a benefits office for a Roth option on their 457 plan?
Replies: 7
Views: 508

Re: Is there a way to successfully ask a benefits office for a Roth option on their 457 plan?

Don’t they have a Roth 403b? I suspect that might be where they would point you.
by Katietsu
Wed May 22, 2019 3:30 pm
Forum: Personal Investments
Topic: $400,000 gift to stepdaughter
Replies: 76
Views: 8687

Re: $400,000 gift to stepdaughter

I don’t understand the Roth part of the plan. If she is irresponsible or financial inexperienced such that the money needs given in small annual pieces then I would not trust her to leave the money in the Roth for 30+ years. Even though the tax benefits of the Roth are clear, I would just give her $...
by Katietsu
Wed May 22, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Inexpensive way to gain weight
Replies: 54
Views: 2322

Re: Inexpensive way to gain weight

When my Dad was in a similar situation, he did well with one or two shakes a day. These were actual shakes made with real fruit, whole milk ice cream and whole milk. Loaded up on the ice cream when it was half off. I think it is important to find things you like so that you will keep it up. As anoth...