Search found 1104 matches

by Katietsu
Sat Feb 17, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Selling Timber
Replies: 28
Views: 1861

Re: Selling Timber

If you care about the land after the timbering, do not just go with the highest bid. You can be left behind barely realizing the property had been timbered. Or you can be left behind with a mess, for lack of a better term. They can dig up the ground with equipment, leave debris and damaged trees eve...
by Katietsu
Fri Feb 16, 2018 2:25 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6192

Re: How to get child's skin in the game for college?

You know your daughter best. I can only say that many 17 year olds are not going to experience any extra sense of responsibility or commitment because they have a loan. Working and saving might have a higher chance of accomplishing your stated goal depending on her level of motivation. On the other ...
by Katietsu
Thu Feb 15, 2018 4:03 am
Forum: Personal Consumer Issues
Topic: Dental chews for dogs....useful?
Replies: 36
Views: 1868

Re: Dental chews for dogs....useful?

Depends on the dog. If the dog slowly chews on them, then they are helpful. If you have a dog that just quickly turns it into large chunks and swallows, then you are wasting your money.
by Katietsu
Wed Feb 14, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter’s College & Grad School Expenses -Nurse Practitioner
Replies: 51
Views: 3211

Re: Daughter’s College & Grad School Expenses -Nurse Practitioner

Nephew just finished NP at a NE research university. Worked 25 hours a week and shared child caregiving duties of a toddler/preschooler. Finished with a 3.8 GPA. I know that NP’s are trending right now. But does this 21 year old with no clinical nursing experience have a true clear vision to commit ...
by Katietsu
Tue Feb 13, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Should I take a 401k loan or personal loan?
Replies: 4
Views: 436

Re: Should I take a 401k loan or personal loan?

All else being equal, you should use a personal loan over a 401k loan. Make sure that the personal loan does not have any other significant fees above and beyond the interest payments.
by Katietsu
Mon Feb 12, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statement & Receipt Clearing - Help!
Replies: 42
Views: 2197

Re: Credit Card Statement & Receipt Clearing - Help!

1) I don't think it's necessary, I did this for 3 years and never found a discrepancy. That being said, my dad has been doing this for 30+ years and has found numerous erroneous charges and swears by doing this. I would like to hear more specifics about the errors your father has found. Or more spe...
by Katietsu
Sun Feb 11, 2018 11:30 pm
Forum: Personal Consumer Issues
Topic: Home buying: how to send postcards to neighborhood we want to live in?
Replies: 38
Views: 3718

Re: Home buying: how to send postcards to neighborhood we want to live in?

I would be less likely to respond if the solicitation contained a photo. The photo would move me from thinking it was a lowball/flipper letter to thinking it was a scam. I guess we are all just on high alert these days. I like the suggestion about finding out if there is a Facebook group or newslett...
by Katietsu
Sun Feb 11, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 4690

Re: Family expecting “comps”

I agree with Atgard. I would not charge for a service or make a profit selling an item to an immediate family member. This is my family culture and I understand not all families are the same. Shortly after my brother married, his new wife tried to pay me for a professional service I provided to my s...
by Katietsu
Sun Feb 11, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statement & Receipt Clearing - Help!
Replies: 42
Views: 2197

Re: Credit Card Statement & Receipt Clearing - Help!

I remember a discussion here about saving and matching receipts with the credit card receipt. My recall is that it was pretty well split between those that do and those that don’t. Another option is to get sent an email or text for each transaction as it occurs. That also allows you to pick up on a ...
by Katietsu
Sun Feb 11, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: Do you think it is worth the money to travel to warm weather destinations during the winter?
Replies: 77
Views: 6245

Re: Do you think it is worth the money to travel to warm weather destinations during the winter?

Priceline for the hotels. Do you have any flexibility with the dates? Airline prices are vastly different depending on the day of the week. Are you flexible with location? Maybe something besides AZ spring training. Is there more than one airport you can get to at the home end? Sometimes going a cou...
by Katietsu
Sun Feb 11, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Getting Rid of Comcast Modem
Replies: 21
Views: 1745

Re: Getting Rid of Comcast Modem

cancel your comcast phone service... and buy a normal docsis 3 cable modem then buy a obihai and use it with google voice phone number... https://www.amazon.com/OBi200-1-Port-Adapter-Support-Service/dp/B00BUV7C9A no monthly fee as it uses google voice. but there is a 15 dollar a year fee if you wan...
by Katietsu
Sat Feb 10, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Dropping comprehensive/collision auto insurance - implications with rentals?
Replies: 23
Views: 1212

Re: Dropping comprehensive/collision auto insurance - implications with rentals?

There is a lot of misinformation here. First of all, as far as the coverage by your personal auto policy, the coverage is extremely variable. I am not sure if there is a standard. For my insurer, I have coverage through the insurer for rentals as long as the rental is for 14 days or less and not for...
by Katietsu
Sat Feb 10, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Can’t decide if we’re getting close to FIRE without knowing health care costs
Replies: 30
Views: 2241

Re: Can’t decide if we’re getting close to FIRE without knowing health care costs

Thanks to all who are sharing their experience. It’s very helpful. I study the medical bills we receive carefully. Yet it is impossible to guess, after all the adjustments and corrections and splitting between multiple providers, what our final costs would be with lower-quality insurance or no insu...
by Katietsu
Sat Feb 10, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 8593

Re: Tenants want to break lease early and is pregnant

People don't seem to want to treat this as a business. I'm glad I'm not a landlord, as I'd probably be a softie....there is an expectation that this business relationship is all that different than other ones where there is a contractual arrangement. I think most of the responses are on solid busin...
by Katietsu
Sat Feb 10, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: [US Budget deal Revives Expired Individual Tax Breaks for 2017]
Replies: 25
Views: 3137

Re: In a hurry to file, Senate drops stink bomb

... and then you have the security experts telling you that the best way to avoid Identity Theft on tax filing is by filing as early as you can. Second choice option is to plan so that you do not get a refund. Then, if someone files with your social security number, there is only a tiny hassle. Mai...
by Katietsu
Sat Feb 10, 2018 2:29 am
Forum: Personal Finance (Not Investing)
Topic: [US Budget deal Revives Expired Individual Tax Breaks for 2017]
Replies: 25
Views: 3137

Re: In a hurry to file, Senate drops stink bomb

The 30% Credit for solar electric property and solar water heating property never went away.

Some of the other items on the form 5695 expired on Dec 31 but were renewed in the middle of the night last night.
by Katietsu
Sat Feb 10, 2018 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Tax program suggestions = W2, 1099-Div, -B. 8949
Replies: 3
Views: 315

Re: Tax program suggestions = W2, 1099-Div, -B. 8949

What is is AGI? If it is less than $66,000, he can use myfreetaxes.com to do both federal and state for free. This is H&R Block premium software.

TurboTax is expensive but it is also the easiest to use. And the easiest to get the right answer for the greatest number of situations for the novice.
by Katietsu
Sat Feb 10, 2018 1:12 am
Forum: Personal Finance (Not Investing)
Topic: [US Budget deal Revives Expired Individual Tax Breaks for 2017]
Replies: 25
Views: 3137

Re: In a hurry to file, Senate drops stink bomb

:oops: Doesn't affect me though. I have my taxes done but not submitted; better do that this weekend before they make me re-enter things. What did they change on the residential energy credit? It exists for 2017 taxes. https://www.irs.gov/pub/irs-pdf/i5695.pdf Please look at the link you posted. Th...
by Katietsu
Sat Feb 10, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: [US Budget deal Revives Expired Individual Tax Breaks for 2017]
Replies: 25
Views: 3137

Re: In a hurry to file, Senate drops stink bomb

:oops: Doesn't affect me though. I have my taxes done but not submitted; better do that this weekend before they make me re-enter things. What did they change on the residential energy credit? It exists for 2017 taxes. https://www.irs.gov/pub/irs-pdf/i5695.pdf Please look at the link you posted. Th...
by Katietsu
Thu Feb 08, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-S Question
Replies: 6
Views: 435

Re: 1099-S Question

It is going to be hard to get a good answer here because the details really matter. You need to know exactly what the deed said. There are multiple ways to “be on the deed”. The state might even make a difference. You said the house was in the family for 60 years. Was it bought and owned just by gra...
by Katietsu
Thu Feb 08, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Would You Recommend Living Revocable Trusts? Married, Retired, No Kids.
Replies: 10
Views: 1251

Re: Would You Recommend Living Revocable Trusts? Married, Retired, No Kids.

OP here. Thanks everyone for your comments. Our reasons for wanting to create separate living revocable trusts is if I pass first, DW should be set financially for the remainder of her life (i.e. paid for home, $1.4M in financial assets, ongoing SS and pension income). Likewise, if I survive DW, I ...
by Katietsu
Wed Feb 07, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: moving RMDs to taxable
Replies: 9
Views: 1046

Re: moving RMDs to taxable

No. You can not do an in kind transfer with an RMD. But there is no problem with “selling low” when you are also buying low. Think of it as more of an exchange.
by Katietsu
Tue Feb 06, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1051

Re: Questions about reporting an internship with a 1099-MISC

snowman, I found this: The standard deduction for an individual who can be claimed as a dependent on another person's tax return is generally limited to the larger of: $1,050, or The individual's earned income plus $350, but not more than the regular standard deduction (generally $6,350). If the st...
by Katietsu
Tue Feb 06, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1051

Re: Questions about reporting an internship with a 1099-MISC

I don't see this as a stipend since it is basically unrelated to any academic endeavor. NASA does not award degrees nor teach classes. What if this was a summer internship with an engineering firm or with Google? There are benefits to declaring this as income SS income/credits, Roth eligibility. Lo...
by Katietsu
Tue Feb 06, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1051

Re: Questions about reporting an internship with a 1099-MISC

Is his standard deduction $6350 even if I claim him as a dependent? Turbo Tax is putting it in as $1050. You must be making a mistake somewhere. Try HRB online to see where you are making mistake. Or try new TT return - sometimes TT keeps the numbers even after you thought you deleted them. As a de...
by Katietsu
Tue Feb 06, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1051

Re: Questions about reporting an internship with a 1099-MISC

It belongs on line 21 of the 1040. It does not belong on a Sch C. There is no self employment taxes. And if this is his only income, there is also no federal taxes since it is less than $6350. I do not know how to answer the Turbo Tax questions to get this right. Your suggestion if answering No to t...
by Katietsu
Tue Feb 06, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about reporting an internship with a 1099-MISC
Replies: 36
Views: 1051

Re: Questions about reporting an internship with a 1099-MISC

Is the income reported in box 3 or box 7? Generally, stipends for internships are not provided for the purpose of compensation of specific job duties and are treated differently. There is likely no self employment tax due.
by Katietsu
Tue Feb 06, 2018 2:34 am
Forum: Investing - Help with Personal Investments
Topic: 457 Question
Replies: 5
Views: 358

Re: 457 Question

There are reasons to have money in taxable accounts rather than in retirement accounts -- mainly your retirement is on track and you'd like the option of withdrawing funds prior to 59 1/2 without taking a penalty. This can be due to life requiring the funds, being able to take advantage of other op...
by Katietsu
Tue Feb 06, 2018 12:54 am
Forum: Investing - Help with Personal Investments
Topic: 457 Question
Replies: 5
Views: 358

Re: 457 Question

The 457 is another option for tax advantaged savings that works in a very similar way as the 403b while you are working. I am not sure what you mean by salary limits other than the fact that you will need to have wages left after all the other deductions to direct to the 457. The contribution limits...
by Katietsu
Mon Feb 05, 2018 2:56 pm
Forum: Personal Consumer Issues
Topic: Comcast vs DirecTV
Replies: 9
Views: 923

Re: Comcast vs DirecTV

My brother switches back and forth every two years. Need to decide if the savings is worth the hassle. As others have mentioned, you will have a dish attached to your house. The dish installation will depend on your geographical location relative to the satellite.
by Katietsu
Mon Feb 05, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Car Purchase and Sale Scams
Replies: 10
Views: 1044

Re: Car Purchase and Sale Scams

If number 2 and number 3 are scams then I am a scammer. When I was looking for a used car I discovered that there are a lot of beaters that people describe as in excellent condition on Craigslist. Getting a time set up for both my husband and I to meet with an agreeable time for the car seller in ad...
by Katietsu
Mon Feb 05, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Form 8606 not available according to Turbotax, but Taxact has no issues!
Replies: 10
Views: 2940

Re: Form 8606 not available according to Turbotax, but Taxact has no issues!

Last I heard, the 8606 was one of the forms delayed because of Hurricane Disaster provisions. It was scheduled to be finalized Feb. 8. My past experience with software is that some software programs tell you about the delayed form while you are preparing your taxes and some do not tell you until you...
by Katietsu
Mon Feb 05, 2018 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Virginia/Maryland Car Dealers vs. Others
Replies: 13
Views: 1163

Re: Virginia/Maryland Car Dealers vs. Others

Look at online reviews to help pick the dealership. You will probably find half a dozen to quote you a similar price. For me, coming in from out of town, I don’t want the hassle that the deal falls apart. So I would go with a more highly rated dealership that won’t tank the deal instead of worrying ...
by Katietsu
Sun Feb 04, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Coverage in Rural Areas
Replies: 31
Views: 1098

Re: T-Mobile Coverage in Rural Areas

I was wondering if you have encountered any areas where Verizon Prepaid doesn't work (due to the absence of roaming on prepaid), but Verizon Postpaid does work. Not yet. It's a good question... Yes. Very much so. You can look at the coverage maps and see the difference. Really depends on where you ...
by Katietsu
Sun Feb 04, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: 457b or Taxable Acct? Unsure about options.
Replies: 16
Views: 746

Re: 457b or Taxable Acct? Unsure about options.

I would give paying off the private student loans another look. Sure, last year you would have missed out on 13% growth. Maybe next year you would miss out on a 25% loss. There is a lot wrong with private student loans. And you are getting 2-2.5 % on your bonds while paying 3.5% on your student loan...
by Katietsu
Sun Feb 04, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Coverage in Rural Areas
Replies: 31
Views: 1098

Re: T-Mobile Coverage in Rural Areas

When traveling in rural areas, I also still use my Garmin GPS whenever I remember to bring it.
by Katietsu
Sun Feb 04, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this house?
Replies: 50
Views: 4310

Re: Can I afford this house?

My concern is the private school costs on top of the $2 million house. I would be renting at $5500 or buying for $2 million in a place where I was comfortable with public schools.
by Katietsu
Sun Feb 04, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Coverage in Rural Areas
Replies: 31
Views: 1098

Re: T-Mobile Coverage in Rural Areas

Make sure you realize that Tmobile has some plans that only give you service on the Tmobile network and others that also give you coverage on roaming partners. Also understand that some phones do not work with all roaming partners. So, given your travel plans, if you decide to use Tmobile, I would w...
by Katietsu
Sun Feb 04, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 13473

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

jjface wrote:
Sun Feb 04, 2018 10:18 am
Easy to recommend anything when all your living expenses are met already.


I also think the same applies if you have a secure job and good disability income.
by Katietsu
Sun Feb 04, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 13473

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

Easy to recommend anything when all your living expenses are met already. +1 Think if some of the words associated with owning bonds - such as lower volatility and safety. That describes your state pension. I have often thought that conversations and articles about asset allocation and net worth ar...
by Katietsu
Sun Feb 04, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: 1099-R error: wrong state
Replies: 1
Views: 237

Re: 1099-R error: wrong state

Sounds Ike the bank really sent the money to California. So you shouldn’t tell TurboTax that they didn’t. I am not aware of a mechanism for the bank to get the money back. To the best of my knowledge, you will need to file a nonresident return with California to claim the refund yourself. I have hea...
by Katietsu
Sat Feb 03, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Short Sale Tax Filing 1099C Help
Replies: 1
Views: 142

Re: Short Sale Tax Filing 1099C Help

Amended returns are a hassle when you are not the one who did the original return. It sounds like you found someone who knows what he is doing. And the price may also involve correcting or advising you on the state return if applicable. I would also have the CPA write the explanation to be included ...
by Katietsu
Sat Feb 03, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question - Roth conversion and total basis question - did I get bad advice?
Replies: 6
Views: 359

Re: Tax question - Roth conversion and total basis question - did I get bad advice?

Whether you should do a Roth conversion of the entire balance, or slightly less than the entire balance, of the traditional IRA depends on which you dislike less: Opening a new traditional IRA each year. Reporting on your tax return taxable income due to a $0.01 increase in the value of the IRA whe...
by Katietsu
Sat Feb 03, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software Recommendations
Replies: 28
Views: 1777

Re: Tax Software Recommendations

I think I would recommend TurboTax. It is easier and more complete. It is more expensive. But for a group of people who have been used to paying for a preparer, the ease of use would likely trump the cost savings.
by Katietsu
Sat Feb 03, 2018 1:52 am
Forum: Personal Consumer Issues
Topic: Anyone experience this bizarre Verizon behavior?
Replies: 8
Views: 1354

Re: Anyone experience this bizarre Verizon behavior?

Verizon cell service in my area is terrible, and one their recommendation I moved to a different provider. I signed up with Google Fi, and asked Fi to move my number. After Fi was activated, I tried to log in to my Verizon account online to make sure my service had been canceled, but I was unable t...
by Katietsu
Fri Feb 02, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: Substitute for taking a shower?
Replies: 64
Views: 6537

Re: Substitute for taking a shower?

You can purchase packets of wipes that are used in the medical / elder care communities. They are bath substitutes. Some of them can be microwaved for warmth. I purchased a case for my mom to use when recovering post-surgery (could not shower). They came with very specific instructions about which ...
by Katietsu
Fri Feb 02, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: Substitute for taking a shower?
Replies: 64
Views: 6537

Re: Substitute for taking a shower?

You can purchase packets of wipes that are used in the medical / elder care communities. They are bath substitutes. Some of them can be microwaved for warmth. I purchased a case for my mom to use when recovering post-surgery (could not shower). They came with very specific instructions about which ...
by Katietsu
Fri Feb 02, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: 1099-G Turbotax Question
Replies: 11
Views: 655

Re: 1099-G Turbotax Question

In a 1099-G, the G stands for government. So it can be issued to taxpayers who are in receipt of unemployment compensation paid by the government; state or local income tax refunds, credits, or offsets; reemployment trade adjustment assistance (RTAA) payments; taxable grants; or agricultural payment...
by Katietsu
Thu Feb 01, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Change in "career", PA or Optometry?
Replies: 79
Views: 6230

Re: Change in "career", PA or Optometry?

To be honest I have not considered anything else. But after doing some research, PA is something I am really liking, on paper at least. Thank you all for shedding light on me. Now, my question regarding preparedness to become a PA is this one. What is the best "career" I can consider to gain the ha...
by Katietsu
Thu Feb 01, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: shall I buy Toyota prepaid maintenance service for 2018 Camry
Replies: 37
Views: 3074

Re: shall I buy Toyota prepaid maintenance service for 2018 Camry

I do not like these maintainence plans because they tie you to a particular garage or chain of garages. However, for the person who plans to take the car to the dealer and have the dealer charge for everything recommended at what I believe they call flat rate book pricing, I am not sure the maintena...