Search found 4159 matches

by dodecahedron
Mon Apr 22, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 424
Views: 28729

Re: How did you feel about your 2018 tax returns?

In thinking about this, I realized I spent the most time dealing with QCDs from my IRA: * Had to write a letter to my FI listing the amounts and names on the checks. * The FI required a medallion guarantee, which I had to get from my credit union. * When the checks arrived, I had to mail them to th...
by dodecahedron
Mon Apr 22, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 424
Views: 28729

Re: How did you feel about your 2018 tax returns?

NYS changed their tax laws to ¨decouple¨ our state tax laws from TCJA changes at federal level. Also NY now allows taxpayers to itemize on state return even if they elected standard deduction at federal level. So complexity only increased for me this year due to discrepancies between federal and sta...
by dodecahedron
Sun Apr 21, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: State-Level Estate Taxes
Replies: 8
Views: 445

Re: State-Level Estate Taxes

So instead of a DNR directive I should have a “medevac me to Texas” directive? :shock: No. Estate tax liability does not stem from the geographic location where death happened to occur. It is determined by the domicile/residency status of the deceased at time of death. (E.g., I am a resident of NY....
by dodecahedron
Fri Apr 19, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: What percentage will I keep when I sell my home?
Replies: 20
Views: 1405

Re: What percentage will I keep when I sell my home?

If you sell in a hot market, with large capital gains, you could face a significant tax hit. If you have owned and lived in your home for at least two out of the five years prior to sale, then the first $250K ($500K if MFJ) of capital gains are excluded from taxable income, but in a HCOL hot sellerś...
by dodecahedron
Mon Apr 15, 2019 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Son is a college student still staying at home. How to file taxes?
Replies: 9
Views: 944

Re: Son is a college student still staying at home. How to file taxes?

Personal exemptions are gone. In the past a dependent added to the number of personal exemptions. How would a dependent affect taxes now? In addition to the tax provisions already noted above, if the OP itemizes and claims medical expense deductions, amounts paid for a dependent son´s medical expen...
by dodecahedron
Sat Apr 13, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: No need to file a tax extension form?
Replies: 27
Views: 1716

Re: No need to file a tax extension form?

For the first time I am unable to finish my tax return on time, so I spent some time to figure out how to file a tax extension form. But I found there is no benefit to file an extension form per se. Is the following reasoning correct? 1. If I am own a tax refund, IRS won't charge me a penalty simpl...
by dodecahedron
Sat Apr 13, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap pricing and Medicare generally
Replies: 21
Views: 1160

Re: Medigap pricing and Medicare generally

http://www.wnylc.com/health/entry/35/ google something like : new york state dept healthinsurance medigap rates I don't see age factors in the table so you may have to investigate that angle. I believe that NY has community rating no difference for different attained age TheGreyingDuke is correct. ...
by dodecahedron
Sat Apr 13, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap pricing and Medicare generally
Replies: 21
Views: 1160

Re: Medigap pricing and Medicare generally

1) Are there web sites which list the available Medigap plans, and their pricing, in a given area? We're in NYC if that helps. Try this site : https://www.dfs.ny.gov/consumers/health_insurance/supplement_plans_rates +1 to the above recommendation. It is an excellent and comprehensive source of info...
by dodecahedron
Fri Apr 12, 2019 8:15 am
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 89
Views: 7485

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION OPEN ANNOUNCEMENT

I hope Christine Benz and Rick Ferri can also get to attend, they always light up the room. And, yes, both Rick Ferri and Christine Benz will be attending again this year. See you in Philly in October! Mel Any chance that Jason Zweig will be able to attend this year? My one big regret about not sig...
by dodecahedron
Fri Apr 12, 2019 7:52 am
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 89
Views: 7485

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS OPEN ANNOUNCEMENT

I'm being adventurous. Found a B&B in the heart of the old city to stay in Friday & Saturday night after the conference. It is within walking distance of many historic sites (Liberty Bell, Independence Hall, etc). We've never toured these sites, so don't think we need a car. I'm told we can take a ...
by dodecahedron
Thu Apr 11, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Trust investment choices for a difficult beneficiary
Replies: 108
Views: 6105

Re: Trust investment choices for a difficult beneficiary

The annuity seems pretty bad to me. Impossible to say whether the annuity is bad or not without knowing the age and health status of the beneficiary. Also, your proposed annuity would leave the secondary beneficiaries with nothing if the primary lives to his life expectancy or beyond. Is that in ke...
by dodecahedron
Thu Apr 11, 2019 2:12 pm
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 89
Views: 7485

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION OPEN ANNOUNCEMENT

Can't make it this year. The rest of you have a good time with it... Sorry you won´t be there this year. I went in 2015 and 2016, but decided to sit out a couple years to let others attend in 2017 and 2018. Glad that I did, since I already had the very special privilege of meeting and hearing Jack ...
by dodecahedron
Thu Apr 11, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Torment from the IRS
Replies: 16
Views: 2319

Re: Torment from the IRS

I wonder if that's an IRS-specific thing or some kind of bank thing. I suppose one of us can test it. Who wants to write me a $100,000.001 check and see if it clears? I am pretty sure it is an IRS issue, not a bank issue. IRS does not have funds appropriated to keep its software as updated as would...
by dodecahedron
Thu Apr 11, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 89
Views: 7485

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION OPEN ANNOUNCEMENT

Once your payment is received, you will be advised on the procedure for reserving a room as well as airport to hotel transportation options. The link Paypal sends us to after paying instructed us that we should ¨email BogleheadsConference@gmail.com¨ for hotel info after getting Paypal confirmation....
by dodecahedron
Thu Apr 11, 2019 8:57 am
Forum: Investing - Theory, News & General
Topic: 2019 BOGLEHEADS CONFERENCE REGISTRATION IS CLOSED. WAIT LIST IS AVAILABLE.
Replies: 89
Views: 7485

Re: 2019 BOGLEHEADS CONFERENCE REGISTRATION OPEN ANNOUNCEMENT

After registering and paying via Paypal, I was taken to a webpage with the schedule info for Bogleheads 2018 (Oct 3-5), but I hope I am actually registered for 2019, is that correct?
by dodecahedron
Mon Apr 08, 2019 8:41 am
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

... there is the new-fangled alternative of the company buying back shares. Not that new, just more of it. Buybacks certainly are a way to return value to shareholders. Yep an intentional exaggeration, but this was illegal and considered to be stock price manipulation until sometime in the 1980s. S...
by dodecahedron
Mon Apr 08, 2019 7:23 am
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

And for purposes of what basically amounts to tax evasion avoidance , there is the new-fangled alternative of the company buying back shares. Important to distinguish between evasion (illegal) and avoidance (legal). Stock buybacks are entirely legal and therefore constitute avoidance rather than ev...
by dodecahedron
Mon Apr 08, 2019 5:58 am
Forum: Personal Finance (Not Investing)
Topic: e-file directly into IRS.gov website
Replies: 12
Views: 819

Re: e-file directly into IRS.gov website

Is it possible to e-file your federal tax data directly to IRS.gov without having to go through a third party server? Unfortunately, no. It seems one e-files their federal taxes using a third party software e-filed to the IRS through a third party server, e.g through Turbotax, HR Block software, et...
by dodecahedron
Mon Apr 08, 2019 5:38 am
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 8322

Re: The "dividend preference anomaly"

In other words, if company management can't use revenue to grow business aggressively, give it back to shareholders. We can find better uses for the $. Agree that if company can´t use cash productively for internal projects, it should give excess cash back to shareholders BUT it is more tax efficie...
by dodecahedron
Sat Apr 06, 2019 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly vs. retainer for a financial planner
Replies: 64
Views: 3376

Re: Hourly vs. retainer for a financial planner

Two things: 1. I am not an attorney. I do not devise such things. The attorneys do that—I just interpret it for the client and help them decide if it still makes sense. This wasn’t intended to be an estate planning thread. It was just an example of how a “real” financial planner might add value. 2....
by dodecahedron
Sat Apr 06, 2019 9:14 pm
Forum: Investing - Theory, News & General
Topic: New York Times--A Price War Has Driven Fund Fees to Zero. They May Be Set to Drop Further.
Replies: 10
Views: 2788

Re: New York Times--A Price War Has Driven Fund Fees to Zero. They May Be Set to Drop Further.

Fees have already been below zero for some time, given the large brokerage custodian bonuses that started several years ago. Merrill Edge paid me $1,000 to move $250K of Vanguard ETFs and hold them there for six months minimum. It really does seem analogous to the classic classroom exercise dollar a...
by dodecahedron
Sat Apr 06, 2019 6:16 pm
Forum: Personal Investments
Topic: What is my 2018 Roth contribution eligibility
Replies: 14
Views: 704

Re: What is my 2018 Roth contribution eligibility

Time to get a new accountant, I think. If you are MFJ and MAGI was under $189K, which seems likely given your AGI, and if you had earned income (between the two of you) of at least $13K, you can fully fund Roth IRA for each of you at $6,500 for 2018. The contribution to the 401k has nothing to do wi...
by dodecahedron
Sat Apr 06, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly vs. retainer for a financial planner
Replies: 64
Views: 3376

Re: Hourly vs. retainer for a financial planner

What a mess. All because they didn't want to pay for somebody to check their estate plan every year and say, "Yep--we can tear up this will and get a new one that says 'all to wife'." (because that's all you'd have to do to have a legally binding will in the state of Texas.) So why wasn't the first...
by dodecahedron
Sat Apr 06, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting Fees Redirected to Charity
Replies: 17
Views: 1043

Re: Consulting Fees Redirected to Charity

Posting to follow. I'm coming into a similar situation....the benefit is I'd be working directly for the business owner. I'll probably make my fees something high enough to not run afoul of minimum wage and have an understanding that I want contributions of similar amount to my Fidelity Charitable ...
by dodecahedron
Sat Apr 06, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting Fees Redirected to Charity
Replies: 17
Views: 1043

Re: Consulting Fees Redirected to Charity

dodecahedron, thanks for the detailed, authoritative response! My issue is that I manage my MAGI to stay under the family limit for the PTC. Charity deductions reduce AGI, but not MAGI, so the added income (over my already-booked income) would inflate my MAGI beyond the limit and result in the loss...
by dodecahedron
Sat Apr 06, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting Fees Redirected to Charity
Replies: 17
Views: 1043

Re: Consulting Fees Redirected to Charity

Can't you just have an agreement with the company? Perhaps it could even be an informal verbal agreement. You will do the work if they make the donation you want. You would never see the money, so it would not be income to you. In the opinion of tax law professors whose scholarship I respect, it wo...
by dodecahedron
Sat Apr 06, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard versus Fidelity: Multidimensional Comparison
Replies: 3
Views: 581

Re: Vanguard versus Fidelity: Multidimensional Comparison

Interesting. So it seems Vanguard is the clear choice in a taxable account, which is not surprising given their patented ETF technique for disposing of capital gains. But in tax advantaged accounts, no big difference.
by dodecahedron
Sat Apr 06, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting Fees Redirected to Charity
Replies: 17
Views: 1043

Re: Consulting Fees Redirected to Charity

Hi, I have opportunity to do some limited consulting work for a company, but I don't need nor want the income. I would like to do the work, but let them donate to one of my favored charities in lieu of my fees. I.e., I don't want the fees to go thru my LLC at all. If I can't do this, then I'll pass...
by dodecahedron
Sat Apr 06, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: The high cost of sound financial advice
Replies: 45
Views: 4898

Re: The high cost of sound financial advice

I'm still wondering if the OP listened to that podcast. Yes I listened to episode 8 today on my morning walk, and subscribed to the series. Lots of great information. It explained what I need (and want) is an "advice only" adviser who charges by the hour (or some kind of set fee) and does not take ...
by dodecahedron
Sat Apr 06, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly vs. retainer for a financial planner
Replies: 64
Views: 3376

Re: Hourly vs. retainer for a financial planner

Not shabby savings for money-grubbing AUM hog. But remember--there are some people who refuse to talk to me. (BTW--these are real clients. Not hypotheticals. These are real conversation I had with people last year who DIDN'T take my advice.) So they did not take your advice even when you offered it...
by dodecahedron
Sat Apr 06, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Hourly vs. retainer for a financial planner
Replies: 64
Views: 3376

Re: Hourly vs. retainer for a financial planner

I tend to think a fairly priced subscription would be reasonable. I would want to know that my questions are answered in a reasonable time with depth and actionable follow-up. I would also expect some proactive notice based on changing tax laws etc. I have yet to hear about financial professionals ...
by dodecahedron
Sat Apr 06, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction vs Itemizing - Experience this year
Replies: 52
Views: 5155

Re: Standard Deduction vs Itemizing - Experience this year

No mortgage here, but since my filing status is single, and I had $10K in real estate taxes, significant charitable giving, and medical expenses in 2018, itemizing is definitely worth it on both federal & state. Medical is hopefully way down in 2019 (thanks to being on Medicare with zero premium MA ...
by dodecahedron
Thu Apr 04, 2019 3:29 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10148

Re: Are annuities the best way to fund one's retirement?

If that person blindly followed the 4% rule, he would have a less spending money each year through retirement than if he used the SPIA. But you can't know that when you start. Personally, I think a mix of a SPIA, Social Security, and a normal stock/bond portfolio is the "best" way to fund one's ret...
by dodecahedron
Wed Apr 03, 2019 10:44 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10148

Re: Are annuities the best way to fund one's retirement?

Variable annuities do not pay more than a SPIA. They do NOT accurately reflect the performance of the underlying investment. I know you don't believe anything most of us say, but believe that. Variable annuities are TERRIBLE. Many variable annuities (VAs) are indeed terrible (complicated, high cost...
by dodecahedron
Wed Apr 03, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Advice for finding a Tax Attorney (Who isn't a scam artist?)
Replies: 3
Views: 427

Re: Advice for finding a Tax Attorney (Who isn't a scam artist?)

Your income and household size appear to qualify you for free assistance from a free Low Income Taxpayer Clinic located at a law school near you. These clinics enjoy respect in the academic community. The supervising faculty are knowledgeable and ethical and the students who staff the program are mo...
by dodecahedron
Wed Apr 03, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 116
Views: 8445

Re: Just Bought an Annuity

Had he bought a $250k VA, he could have gotten $14,000 per year, still be 100% invested in the market, still maintain reasonable control over his money, have the ability to take additional withdrawals, and still have a death benefit at his death. Yes, each of these comes with a tradeoff. The $14k c...
by dodecahedron
Tue Apr 02, 2019 8:03 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10148

Re: Are annuities the best way to fund one's retirement?

The tontine would still need to employ actuaries to make sure that the mortality credits get distributed fairly based on the risk of death each participant had over the time elapsed. Otherwise you run into the classic problems that plagued earlier tontines (eg, people would sign up their grandchild...
by dodecahedron
Tue Apr 02, 2019 4:21 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10148

Re: Are annuities the best way to fund one's retirement?

... However, as someone personally familiar with how TIAA-CREF annuities work, he is a reliable source for the statement that TIAA-CREF annuities do include tontine-like mortality credits... I'm pretty sure that all immediate annuities include mortality credits in their actuarial computations for l...
by dodecahedron
Tue Apr 02, 2019 3:38 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 129
Views: 24665

Re: Study: The Rate of Return on Everything

steve roy wrote:
Tue Apr 02, 2019 12:44 am
The Finnish have the secret sauce.
The discrepancy between the ranking of Finland´s arithmetic averages vs. their geometric averages tells us that Finland has had a much higher volatility roller coast ride than the other high ranked countries.
by dodecahedron
Tue Apr 02, 2019 3:19 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10148

Re: Are annuities the best way to fund one's retirement?

And why do so many assuming mortality credits are passed on to the holders of the "policy". I actually assume that's the real profit that they keep, then they pass on CD-like returns to you except they keep your principle when you "mature". TIAA-CREF annuities do pass along some of the mortality cr...
by dodecahedron
Tue Apr 02, 2019 1:43 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10148

Re: Are annuities the best way to fund one's retirement?

And why do so many assuming mortality credits are passed on to the holders of the "policy". I actually assume that's the real profit that they keep, then they pass on CD-like returns to you except they keep your principle when you "mature". TIAA-CREF annuities do pass along some of the mortality cr...
by dodecahedron
Tue Apr 02, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10148

Re: Are annuities the best way to fund one's retirement?

...someone who wants to spend as much of their money as they can while they are alive is EXACTLY the person for whom a SPIA is appropriate. I received an email from Fidelity recently about a webcast on annuities. I clicked the link to see what it was about and there was a link to get a quote on ann...
by dodecahedron
Tue Apr 02, 2019 9:17 am
Forum: Personal Investments
Topic: Fixed-income strategy; various goals
Replies: 16
Views: 1757

Re: Fixed-income strategy; various goals

If we were to move in, say, five years, then is there any disadvantage to paying down the mortgage over the 5-year CDs at Mountain America? If you move in five years, the funds on the CD´s will be easily available for transition expenses before you close on the sale of your home. It could give you ...
by dodecahedron
Tue Apr 02, 2019 9:08 am
Forum: Personal Investments
Topic: Fixed-income strategy; various goals
Replies: 16
Views: 1757

Re: Fixed-income strategy; various goals

My hesitation in the past has been that we don't know when we'll get that money back. Retirement in our current house seems unlikely, but it's possible we'll stay in it quite some time. When we're already planning to need some supplement to my income for day-to-day expenses, I'm wary of locking up ...
by dodecahedron
Tue Apr 02, 2019 6:38 am
Forum: Personal Investments
Topic: Inheritance IRA - In-Kind Transfer...What now?
Replies: 6
Views: 388

Re: Inheritance IRA - In-Kind Transfer...What now?

I just received an in-kind inheritance Roth IRA that is spread over ~15 different funds held at different companies. Now it is all in my Vanguard account I want to consolidate to match the rest of my portfolio. What's the best way to go about this? I've only had them about 3 days at Vanguard; do I ...
by dodecahedron
Tue Apr 02, 2019 3:29 am
Forum: Personal Investments
Topic: Fixed-income strategy; various goals
Replies: 16
Views: 1757

Re: Fixed-income strategy; various goals

Paying down some of the balance on your mortgage gets you a safe 4% return, which looks very good compared to the other fixed income investments available to you. That return is totally tax free. You said you have 25 years left to go on the 30 year mortgage. It would certainly be nice to be done wit...
by dodecahedron
Mon Apr 01, 2019 10:03 am
Forum: Personal Investments
Topic: High Tax bracket strategies
Replies: 49
Views: 4626

Re: High Tax bracket strategies

Agree 100%. You can give lowest basis equity mutual fund shares and repurchase the same fund to reset your basis higher. Hmm. Can this be exploited? Can you, for example, gift your low cost basis funds to your kids (or other people you know) that have no income, have them sell it with 0% long term ...
by dodecahedron
Mon Apr 01, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Planned Gifts: What to Tell the Recipients
Replies: 9
Views: 784

Re: Planned Gifts: What to Tell the Recipients

I am planning to leave a bequest to my DAF and designating my daughters as my successor advisors to the DAF. I will leave them an informal nonbinding letter of guidance and suggestions but I trust their judgment and discretion to direct DAF grants in keeping with our shared values after my death.
by dodecahedron
Mon Apr 01, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Taxes (NY) - Non Resident
Replies: 8
Views: 577

Re: Taxes (NY) - Non Resident

I am not an accountant, but in your situation I would file a NY state non-resident return just to see how it works and to get that refund of $20. :) Agreed. To the OP: don't let NY keep a nickel of your money. Take the $20 bill and burn it if you'd like, but don't let them keep it. (Note: I paid NY...
by dodecahedron
Sun Mar 31, 2019 8:40 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 737
Views: 64196

Re: That's enough for me in 2019

Even the house can lose in the short-term. As well as in the long run. Long-run risk is not ignorable. But as this forum's namesake said, "Invest we must." - John Bogle The use of the pronoun ¨we¨ is curious. By all accounts, Mr. Bogle lived quite modestly and in his final decades had far more weal...