Search found 818 matches

by KlingKlang
Wed Oct 16, 2019 9:56 am
Forum: Personal Investments
Topic: can you still buy and sell stocks after the age 70 in an IRA account?
Replies: 5
Views: 734

Re: can you still buy and sell stocks after the age 70 in an IRA account?

Yes. There is no age limit on exchanging assets inside of an IRA account.
by KlingKlang
Sun Oct 13, 2019 10:00 am
Forum: Personal Investments
Topic: Money Market Funds in Taxable?
Replies: 4
Views: 840

Re: Money Market Funds in Taxable?

3andOut wrote:
Sun Oct 13, 2019 8:36 am
Will I pay tax annually on the interest I earn (like a dividend)?
Yes. The earnings will be reported on Form 1099-DIV under Total ordinary dividends. None of them will be qualified.
by KlingKlang
Thu Oct 10, 2019 12:25 pm
Forum: Personal Investments
Topic: Savings
Replies: 21
Views: 1999

Re: Savings

I'm sorry but what is an I Bond? Can you point me to any specific bonds that I should buy right now? A.series I bond from the U.S. Treasury, which you can read more about at treasurydirect.gov. Very flexible, but mostly an inflation-protected government bond good for periods from 1 to 30 years. And...
by KlingKlang
Sat Sep 28, 2019 5:41 pm
Forum: Personal Consumer Issues
Topic: Going to a wedding party
Replies: 48
Views: 4137

Re: Going to a wedding party

Keep your fingers crossed for an open bar, and you will have a great time. Should probably mention that depending on the ethnic background of the participants (I'm German, Irish, Polish :sharebeer) and of course the individuals themselves some weddings involve a large consumption of alcohol by the ...
by KlingKlang
Sat Sep 28, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: COSTCO Citicard credit/discount question
Replies: 32
Views: 3585

Re: COSTCO Citicard credit/discount question

After we get our annual Costco rebate check we use it on our next trip to Costco (don't go through the self scan line). If the check is larger than our purchases they have given us the difference back in cash. This may be subject to local management policy.
by KlingKlang
Sat Sep 28, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 3677

Re: Employer is relocating - how to be allowed to work remotely

My employer is relocating to another state in about a year and all employees have been given the choice of accepting a generous relocation package or get severance pay. Now, I really like my job, and want to keep it, but moving isn't really an option, for my spouse in particular, in the next three ...
by KlingKlang
Tue Sep 17, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: "End of Life" Issues
Replies: 30
Views: 3132

Re: "End of Life" Issues

It sounds to me like many potential issues (e.g. medical staff not abiding by a healthcare directive) could be headed off if those who are terminally ill just stayed at home. We certainly plan to age in place, even if that means moving to a CCRC at some point. I thought that when you were at a CCRC...
by KlingKlang
Mon Sep 16, 2019 4:59 pm
Forum: Personal Investments
Topic: VOHIX income treatment at tax time
Replies: 2
Views: 272

Re: VOHIX income treatment at tax time

I have held VOHIX for over 27 years, but in a mutual fund account and not a brokerage account. For the first 25 years I reinvested all the dividends and capital gains plus made additional purchases monthly. After retirement I am taking the dividends and capital gains. I have never sold any shares in...
by KlingKlang
Sun Sep 15, 2019 7:40 pm
Forum: Personal Consumer Issues
Topic: Do You Tip At Counter Service Restaurants?
Replies: 145
Views: 8798

Re: Do You Tip At Counter Service Restaurants?

Occasionally we go to typical fast casual restaurants where you move past 3 or 4 people who stare blankly into space and throw random scoops of food into your bowl followed by a cashier who punches buttons which may or may not have anything to do with your order. No way am I going to tip for that ki...
by KlingKlang
Thu Sep 12, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Helping elderly parents manage finances - pros and cons
Replies: 62
Views: 4972

Re: Helping elderly parents manage finances - pros and cons

One of my favorite quotes from my 92 year old mother is: "I'm so happy to have you as my financial advisor. Except of course that I'm never going to change anything." I do her taxes and monitor her checking account to make sure that she's not writing any 5 figure checks to someone that I don't know....
by KlingKlang
Sat Aug 31, 2019 2:28 pm
Forum: Investing - Theory, News & General
Topic: Receiving $100K per year on a $2.5MM Portfolio
Replies: 35
Views: 7767

Re: Receiving $100K per year on a $2.5MM Portfolio

Thanks to everyone! My goal would be to generate the income (I'm already close) without having to sell capital. Every time I would sell capital the income portion generated from that particular investment would go down a little. I've been doing CDs for some time but not all generate a monthly incom...
by KlingKlang
Sat Aug 31, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds - How Your Spouse can Quickly Cash in I Bonds
Replies: 53
Views: 4192

Re: I Bonds - How Your Spouse can Quickly Cash in I Bonds

My wife died last year. We had I-bonds registered in her name only on the assumption that I will die first. I was her sole heir and was able to cash the I-bonds thru my bank which also helped me with all the paperwork in dealing with the Feds. What I neglected to do was to have a federal withhold o...
by KlingKlang
Thu Aug 29, 2019 11:01 am
Forum: Investing - Theory, News & General
Topic: Rebalancing with EE Bonds
Replies: 23
Views: 1304

Re: Rebalancing with EE Bonds

Looks good to me. The only minor detail is that after a year the EE bonds will have begun to accrue a little interest and thus be worth more than $20K, so you would have to transfer a little more from BND to VTWAX to keep your 80/20 split.
by KlingKlang
Tue Aug 27, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Tax Aid Volunteering for AARP or VITA
Replies: 52
Views: 2785

Re: Tax Aid Volunteering for AARP or VITA

If I was to volunteer it would probably be with AARP Tax-Aide since they operate out of the senior center in my city. I read through this thread and looked at the AARP Tax-Aide site. I know this sounds selfish, but do the volunteers get any kind of appreciation dinner or party or is it just 'don't l...
by KlingKlang
Tue Aug 27, 2019 10:25 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 306
Views: 44716

Re: Anyone disenchanted with retirement?

mptfan wrote:
Sun Aug 25, 2019 1:56 pm
MathIsMyWayr wrote:
Sun Aug 25, 2019 1:16 pm
What is the difference between doing your own lawn and paying someone to do your lawn from the earnings from doing your friend's lawn?
In the former case you are not working for money, whereas in the latter case you are.
In the latter case the IRS will get involved.
by KlingKlang
Tue Aug 20, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: Chicago - What to see, do & eat in two days
Replies: 71
Views: 3816

Re: Chicago - What to see, do & eat in two days

Our family stayed for two nights in the same area a few years ago. On arrival day we did the Magnificent Mile and Navy Pier (Ferris wheel). Day 2 we walked over the river, through Millennium Park, over to Willis Tower, and took the water taxi down the river back to Navy Pier. Ate at Bubba Gump. Day ...
by KlingKlang
Fri Aug 16, 2019 2:18 pm
Forum: Investing - Theory, News & General
Topic: Any retired person have stocks and cash I was thinking about a 70/30
Replies: 61
Views: 4661

Re: Any retired person have stocks and cash I was thinking about a 70/30

At your asset level you could just stuff the money in your mattress (don't actually do that) and be good. Realistically speaking any well diversified asset allocation between 80/20 and 20/80 will turn out fine. I would spend some time looking at your projected tax situation. What percentage of your ...
by KlingKlang
Sat Aug 10, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Buy historic, walkable home or stay in blah subdivision with short commute?
Replies: 56
Views: 5976

Re: Buy historic, walkable home or stay in blah subdivision with short commute?

We are thinking about moving from a subdivision on the edge of town (small college town, pop = 70k) to an older home in the historic district of the "downtown" area. - Family of four. Ages 37/36/5/2 - Our current home has needed minimal maintenance (but will need some soon?). Will this "historic" (...
by KlingKlang
Sun Aug 04, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Annual review was disappointing, what should I do next?
Replies: 45
Views: 5466

Re: Annual review was disappointing, what should I do next?

Except one project early in the year when I messed up and help was needed to shore things up, I pretty much delivered end-to-end or co-delivered every other project I worked on. There is a famous engineering axiom that states that "One 'Aw shit!' wipes out all of your hundreds of 'Atta boys!'" You ...
by KlingKlang
Sun Aug 04, 2019 11:03 am
Forum: Personal Investments
Topic: Trying to understand taxes on stock and bond funds
Replies: 5
Views: 585

Re: Trying to understand taxed on stock and bond funds

I know from reading this forum that it’s best to put stock funds in a taxable account and bond funds in a tax advantaged account That is correct. it is because taxes on qualified dividends from stock funds are typically taxed at a lower rate than interest from bond funds. Bond funds increase in val...
by KlingKlang
Sat Aug 03, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: Clements, HumbleDollar, viewing Vanguard with unease: "Whither Vanguard?"
Replies: 54
Views: 7631

Re: Clements, HumbleDollar, viewing Vanguard with unease: "Whither Vanguard?"

I guess that I don't have too much to complain about. My biggest difficulty occurred when they eliminated the Ohio Tax-Except Money Market Fund which I had been using as my initial deposit and brokerage settlement account. The message was basically 'the fund is going away, deal with it'. I missed ch...
by KlingKlang
Fri Aug 02, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: "Earth First" Brand Toilet Paper @ Costco
Replies: 24
Views: 1754

Re: "Earth First" Brand Toilet Paper @ Costco

I also used Kirkland but switched to Earth First. True, It's not Charmin but it's ok. If it was truly bad, I would have switched back (or to something else). Here is a Chart I was sent about the good, the bad and the ugly. https://www.nrdc.org/stories/shoppers-guide-home-tissue-products The article...
by KlingKlang
Thu Aug 01, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: How do you decide what car to buy for your kid
Replies: 91
Views: 4104

Re: How do you decide what car to buy for your kid

We purchased a new 2013 Hyundai Accent for my daughter when she needed a car to commute to her summer internship job after her junior year. Low cost, compact, great gas mileage, four door with a surprising amount of interior room. Still using it today. She actually suggested that I give her my 2004 ...
by KlingKlang
Mon Jul 29, 2019 6:20 pm
Forum: Personal Consumer Issues
Topic: [Niagara Falls in September]
Replies: 12
Views: 541

Re: Niagra Falls Sept

Canadian law requires that all persons entering Canada carry both proof of citizenship and proof of identity. A valid U.S. passport, passport card, or NEXUS card satisfies these requirements for U.S. citizens. Children under 16 need only present proof of U.S. citizenship, such as a certified copy of...
by KlingKlang
Thu Jul 25, 2019 9:12 pm
Forum: Personal Investments
Topic: How should I invest my Roth IRA and additional cash?
Replies: 5
Views: 562

Re: How should I invest my Roth IRA and additional cash?

Emergency funds: >6 month expenses in traditional savings account (with a pretty poor interest rate). Interest rates have dropped slightly recently, but you can still find online savings accounts paying over 2% (PurePoint is currently 2.15%). These accounts can be opened with minimal effort and hav...
by KlingKlang
Sat Jul 20, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 107
Views: 6684

Re: Should relative incomes be a factor in wedding gift?

Just put whatever you would normally gift at a wedding in the envelope, smile, and give the couple your sincere best wishes. Under no circumstances make any remarks to anyone that the couple really doesn't need your money. These kind of comments will always eventually get repeated back to the pair.
by KlingKlang
Sat Jul 20, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Income below100% FPL-danger of ACA subsidy?
Replies: 41
Views: 2963

Re: Income below100% FPL-danger of ACA subsidy?

A couple of random suggestions:

If you have any US Savings Bonds stashed away you can redeem them and declare the accrued interest as income for this year.

Can you withdraw enough money from your Roth IRAs to put into taxable investments and generate some income?
by KlingKlang
Fri Jul 19, 2019 10:45 am
Forum: Personal Investments
Topic: Starting Roth IRA
Replies: 20
Views: 889

Re: Starting Roth IRA

The initial deposit for opening this account came from selling shares of Tesla i had in individual brokerage in which i picked up for about 180ish and sold in the 230s not a bad return for holding for maybe 2 months. Im well aware hand selecting stocks can be risky but with enough actual research a...
by KlingKlang
Fri Jul 19, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Harrassed at work, what steps to take to protect her future employment
Replies: 93
Views: 8524

Re: Harrassed at work, what steps to take to protect her future employment

Unfortunately she’s in a small office of a larger corporation. Been there done that at least twice. Everyone there is probably vulnerable. More than likely some C-level executive who's never even visited the place has taken note of a less profitable office hanging off of the organization chart in a...
by KlingKlang
Sun Jul 14, 2019 9:54 pm
Forum: Personal Consumer Issues
Topic: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]
Replies: 31
Views: 2598

Re: Gold Coin for fun, not for investment or numismatics

Pure gold is completely corrosion resistant, so your Maple Leaf will not weather or tarnish. It can get dirty but you can clean it with anything. As Blue456 points out, pure gold is very soft (for a metal) so it can be easily scratched, dented, or bent. Gold coins meant for circulation usually have ...
by KlingKlang
Wed Jul 10, 2019 3:59 pm
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 9552

Re: Who cuts your hair? And for how much?

My wife usually buys me a Great Clips gift card with 4 cuts for $9.99 each for Christmas and that is expected to last me the entire year. Just saw a bottom of the screen TV ad that they are having a $6.99 special July 11 - 14. $2.00 cash tip either way.
by KlingKlang
Mon Jul 08, 2019 6:15 pm
Forum: Personal Consumer Issues
Topic: Best Practices for longer-term house guests?
Replies: 35
Views: 3487

Re: Best Practices for longer-term house guests?

dm200 wrote:
Mon Jul 08, 2019 3:58 pm
Has anyone encountered to opposite situation? Where guests you would like very much to host - decline such an invitation because they do not want to inconvenience the hosts?
I would suspect that the majority of the time this would be a polite way of stating 'We're just not into hanging with you'.
by KlingKlang
Mon Jul 08, 2019 10:16 am
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 4982

Re: How warm to set thermostat while away

I live in a humid place that is not very hot. Hate to do it, but I left mine at 71 degrees last time I left town so that the A/C will actually run enough to keep mildew from growing. In this case you might consider getting a stand alone dehumidifier to reduce the humidity without having to cool the...
by KlingKlang
Tue Jul 02, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 18584

Re: How much should I have saved for retirement by age 40?

We had only $333,500 back in 1995, but that was with a paid off house and no other debt.
by KlingKlang
Tue Jun 25, 2019 9:34 am
Forum: Personal Investments
Topic: Retired: Don't want to outlive my funds
Replies: 65
Views: 8167

Re: Retired: Don't want to outlive my funds

Now we get down to what to do with the 1 million 401k money. I am thinking of putting it in CD's. Please don't cringe. Ok, so it's only 2%, but it is SAFE and 2% of a million dollars isn't chump change. However, the RMD is going to chew up most of that. RMD just means that you have to withdraw a ce...
by KlingKlang
Fri Jun 21, 2019 9:27 am
Forum: Investing - Theory, News & General
Topic: Purpose of Stocks?
Replies: 29
Views: 5757

Re: Purpose of Stocks?

Knowing these things - specifically, that the price of a given stock is tied to future earnings, and that history tells us the future is non-existent for most (if not all) companies, then why is it wise to invest in stocks? The argument that there is intrinsic value in a stock is predicated that th...
by KlingKlang
Thu Jun 20, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: HR telling my wife not to contribute 100% of her salary to 401k
Replies: 24
Views: 4537

Re: HR telling my wife not to contribute 100% of her salary to 401k

Just wanted to note that in our city we have to pay local income taxes on all earnings (no 401(k) deduction), so that's another 4% that you have to have available to be withheld from your paycheck.
by KlingKlang
Mon Jun 17, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 35
Views: 3152

Re: Looking for help with my parents' finances - dad's death, RMDs, social security

In this situation your first priority should be making sure that your mother has adequate medical insurance coverage. She is not eligible for Medicare until she turns 65, so options to examine include coverage from her current job and her husband's previous employers. If these are not available she ...
by KlingKlang
Sun Jun 16, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1437

Re: User reviews - How do you use them?

The problems that you list are pretty typical for sites such as Amazon and Yelp. I don't rely on the numeric ratings much, since as you point out they are not consistent between users and many people don't understand numbers anyway. Your best bet is to actually read the reviews. Look for detailed in...
by KlingKlang
Mon Jun 10, 2019 5:58 pm
Forum: Personal Investments
Topic: Tax-managed Vanguard Funds
Replies: 10
Views: 1269

Re: Tax-managed Vanguard Funds

I currently own VTCLX, VTMSX (Tax-Managed Small-Cap Admiral Shares), and VOHIX in after tax accounts and VIGAX and VTSAX in my traditional IRA account. The important thing to know about the Vanguard Tax-Managed funds is that they were introduced before the Tax Act of 2003 reduced the tax rates on bo...
by KlingKlang
Fri Jun 07, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: Toaster ovens - safe? better alternative?
Replies: 50
Views: 3919

Re: Toaster ovens - safe? better alternative?

Forty years ago when I was single and microwave ovens were still a curiosity I used a (probably cheap) toaster oven as my primary cooking tool. As I remember it didn't heat evenly and didn't have the power to cook something like a steak. Easy to burn your hands getting that thin tray in and out. Now...
by KlingKlang
Sun May 19, 2019 7:13 pm
Forum: Personal Consumer Issues
Topic: Yellowstone Family Resort/Glamping Rec's
Replies: 11
Views: 1839

Re: Yellowstone Family Resort/Glamping Rec's

One of our best family vacations was flying into Calgary, Alberta, CA and visiting the Royal Tyrrell dinosaur museum in Drumheller followed by several nights in the Canadian Rockies including Banff and Lake Louise.
by KlingKlang
Sat May 18, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Social security when lower earner is older
Replies: 3
Views: 369

Re: Social security when lower earner is older

Whether wife draws at 62 or full retirement age doesn't seem to make an enormous difference. And that answers my questions that wife can switch to the spousal benefit once the husband files. I believe that if the wife draws on her account before her full retirement age it results in a permanent red...
by KlingKlang
Sun May 12, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know of anyone who has used this tax saving strategy?
Replies: 28
Views: 3695

Re: Do you know of anyone who has used this tax saving strategy?

So if your last parent lives to be 105 and you're 84, how much fun can you have with the money? If it hasn't been used up providing them with nursing home care? This is a sore point for me because when I was a child anytime that I asked for anything like 10 cents for a comic book (that would be wort...
by KlingKlang
Wed May 08, 2019 9:04 am
Forum: Personal Investments
Topic: Stopped an IRA transfer because being forced into brokerage account
Replies: 31
Views: 2678

Re: Stopped an IRA transfer because being forced into brokerage account

A year ago I did a direct rollover from an old 401(k) at Fidelity to my Vanguard old-style mutual fund tIRA account. Like the OP when I tried to do it through the Vanguard website I kept running into the open a new brokerage account dialog. Finally I called Vanguard and they told me that there isn't...
by KlingKlang
Tue May 07, 2019 7:57 pm
Forum: Personal Consumer Issues
Topic: wedding gift value
Replies: 80
Views: 4843

Re: wedding gift value

Wow. Have never spent >$25 on a wedding gift. At our wedding in 1984 the largest gift that we received was $50 from one of my friends. Everyone else gave us $5 to $10 to get back at my parents for going to dozens of their kids weddings, eating like pigs, getting puking drunk, and giving $5 to $10.
by KlingKlang
Tue May 07, 2019 2:52 pm
Forum: Personal Consumer Issues
Topic: wedding gift value
Replies: 80
Views: 4843

Re: wedding gift value

How much did your wife's friend give the two of you at your wedding?

(Yes, there are people who keep track of this) :shock:
by KlingKlang
Sun May 05, 2019 9:49 am
Forum: Personal Investments
Topic: 76 year old widowed mother needs investment advice
Replies: 19
Views: 1981

Re: 76 year old widowed mother needs investment advice

KlingKlang's statement about LTCG taxation (previously bolded) is either a typo or wrong. (What he actually wrote is a common misunderstanding. But it could also just be a typo where he meant to say "taxable income" rather than "gains".) Sorry about that. That's what I get for copying text from ano...
by KlingKlang
Fri May 03, 2019 10:07 am
Forum: Personal Investments
Topic: 76 year old widowed mother needs investment advice
Replies: 19
Views: 1981

Re: 76 year old widowed mother needs investment advice

My mom continues to worry about the money. It sounds like your mother needs another $26,000 in annual investment income to make up the difference between her SS and pension and her $60,000 expenses. One way to accomplish this is to purchase a SPIA (Single Premium Immediate Annuity). This would guar...
by KlingKlang
Sat Apr 27, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 9072

Re: What are the cons of always being a one parent working household?

The entire family is vulnerable to the complete loss of their income in the event that the 42 year old loses their job due to layoff, disability, or death. The difficulties from the latter two can be mitigated with sufficient insurance.