Search found 381 matches

by harmony
Thu Nov 16, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing while on disability
Replies: 5
Views: 342

Re: Investing while on disability

ABLE is not an option due to age of onset, but there might be another option if your sister is on SSDI instead of SSI. If she has ever worked (which may be the case since the onset was in her forties), she may have earned enough work credits to qualify for SSDI in her own name. If she worked, but di...
by harmony
Thu Nov 02, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Legality of a proxy selling individual stock for an estate?
Replies: 1
Views: 157

Legality of a proxy selling individual stock for an estate?

An executor for an estate is not comfortable selling the deceased’s individual stock in a self-directed estate account, though this would result in the lowest trading fees. Phone-assisted trades cost 5 times as much, and an independent local discount broker who offered to make these sales would char...
by harmony
Fri Oct 13, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 2582

Re: Circumstances in which a freeze needs to be lifted

I had read somewhere (since the Equifax breach) that having frozen credit might cause insurance companies to not let you keep the customary discounts. I asked State Farm whether this was true. It took a week before I got this eye-opening response: If you have a security freeze in place at the time o...
by harmony
Thu Oct 12, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: What is the process for liquidating inherited individual stocks?
Replies: 17
Views: 1188

Re: What is the process for liquidating inherited individual stocks?

Thanks for helpful responses so far. The executor doesn’t want the beneficiaries to feel intimidated by the high-pressured sales talk from WF. Not all the beneficiaries want new accounts. The executor told me this morning there are no named beneficiaries on the stocks. My relative had it all go to h...
by harmony
Thu Oct 12, 2017 12:23 am
Forum: Personal Finance (Not Investing)
Topic: What is the process for liquidating inherited individual stocks?
Replies: 17
Views: 1188

What is the process for liquidating inherited individual stocks?

A Wells Fargo advisor at a brokerage firm holding an account owned by a recently-deceased relative called the executor of the estate and offered to “research” the deceased’s individual stocks (held for many decades) at no charge. He said if the probate lawyer were to do it, it would cost the estate ...
by harmony
Sat Sep 16, 2017 11:37 am
Forum: Personal Consumer Issues
Topic: Rimless Roll-Your-Own Online Eyeglasses Sources
Replies: 3
Views: 472

Re: Rimless Roll-Your-Own Online Eyeglasses Sources

Thank you for responding. EyeBuyDirect provides precise measurements in an easy-to-visualize format in mm and inches for its rimless glasses, but I didn’t find a possibility for selecting a particular lens size/shape to pair with a chosen bridge/temple style. We have a local eyeglass shop which carr...
by harmony
Fri Sep 15, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Rimless Roll-Your-Own Online Eyeglasses Sources
Replies: 3
Views: 472

Rimless Roll-Your-Own Online Eyeglasses Sources

Are there online eyeglass stores other than Zenni which offer rimless eyeglasses where you choose a bridge/temple combination that will fit you; then you select a lens shape/size HxW that you will put with that? Several years ago I could find other stores than just Zenni which offered this. Currentl...
by harmony
Tue Sep 05, 2017 6:09 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz: "Laboring Longer: What You Need to Know"
Replies: 4
Views: 1603

Re: Christine Benz: "Laboring Longer: What You Need to Know"

Self-employment can be a good work-around against age discrimination in a twilight career. However, the high minimum cost of professional or contractor’s liability insurance can be an issue particularly for a self-employed person who wants to slow down to some version of part time, yet needs to avoi...
by harmony
Mon Sep 04, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Maximum Medical Deduction
Replies: 8
Views: 760

Re: Maximum Medical Deduction

I'm paying for a private room so I can stay with her overnight and she won't be bothered by roommate's noisy visitors. I'm assuming the IRS won't allow me to deduct the private room cost, but will allow me to deduct the cost of the lowest priced double room in the same facility instead. Is this cor...
by harmony
Tue Aug 15, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule A Tax Modeling for 2017 >age65
Replies: 9
Views: 1080

Re: Schedule A Tax Modeling for 2017 >age65

Thank you for many and varied ideas to explore. The “what-if-worksheet” is especially intriguing. We switched away from Turbo Tax a couple of years ago and have been using TaxAct ever since. So I wondered if TaxAct had anything similar. It didn't take me very long to find it. I clicked on the “Tools...
by harmony
Mon Aug 14, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Schedule A Tax Modeling for 2017 >age65
Replies: 9
Views: 1080

Schedule A Tax Modeling for 2017 >age65

Often we give/take advice to do tax planning using the previous year's tax software. I want to model the effects of some much larger than usual 2017 potential deductions on Schedule A. This presents a challenge since there will be a significant change in the 2017 Schedule A calculation compared to 2...
by harmony
Fri Aug 11, 2017 11:47 pm
Forum: Investing - Theory, News & General
Topic: "When's the Right Time to Take RMDs?" – (Christine Benz's Latest Column)
Replies: 34
Views: 4700

Re: "When's the Right Time to Take RMDs?" – (Christine Benz's Latest Column)

She doesn't mention one advantage of waiting till year end, eliminate the need for estimated taxes by paying your tax bill via the rmd. However, one could take partial withdrawals earlier in the year and pay taxes with one later in the year. Another variation of this would be to take a mid-year sin...
by harmony
Fri Jul 21, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Kicking the net worth habit
Replies: 47
Views: 5726

Re: Kicking the net worth habit

There is an unknown future expenditure which may be nearly impossible to predict at any stage of retirement. That is the cost of long-term care. Instead of changing a lifetime of frugal habits, consider saving as before for this possibility. Then when the time comes, you can select the kind of care ...
by harmony
Thu Jul 20, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should we bird dog our probate lawyer?
Replies: 15
Views: 2163

Re: Should we bird dog our probate lawyer?

I told the executor I couldn't sign a waiver until we check over all of the tax returns submitted for the estate and in our names for inheritance tax. He called the legal staff and asked for them. They said they thought the lawyer had given them to the executor. They will be mailing copies to him. T...
by harmony
Wed Jul 19, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should we bird dog our probate lawyer?
Replies: 15
Views: 2163

Re: Should we bird dog our probate lawyer?

How can a tax return be filed in your name without you seeing it? Doesn't the Executor have to sign it? Executors in our state sign the inheritance tax forms for heirs. Yes, he perused it at the time and thought it looked OK, but now that we see other documents that report on the same facts for the...
by harmony
Wed Jul 19, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should we bird dog our probate lawyer?
Replies: 15
Views: 2163

Re: Should we bird dog our probate lawyer?

The executor signed a state inheritance tax return, after perusing it. He received no copy for his file. He signed and was given copies of state and federal 1040s. The federal 1040 was the one with the gross error which was corrected. He signed the 1041 (state and federal) but did not receive a copy...
by harmony
Wed Jul 19, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should we bird dog our probate lawyer?
Replies: 15
Views: 2163

Re: Should we bird dog our probate lawyer?

bird dog

verb: search out or pursue with dogged determination.

P.S. I could have written a longer title, but I hoped to get the title to fit on just one line. Sorry, and thanks for pointing that out.
by harmony
Wed Jul 19, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should we bird dog our probate lawyer?
Replies: 15
Views: 2163

Should we bird dog our probate lawyer?

A mutual heir whom I am a confidante of is the executor of an estate. The probate lawyer made a biggish error several months ago which we caught before some tax returns were filed. When the executor pointed it out to him, the lawyer quickly corrected it and seemed to imply his office staff was the c...
by harmony
Tue Jun 27, 2017 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Relative Reluctant to give POA
Replies: 30
Views: 2719

Re: Elderly Relative Reluctant to give POA

I am busy tonight preparing for my own minor surgery tomorrow morning so I won't be following comments if there are any more tomorrow. I will read and respond again as soon as I am able. Thank you very much to everyone who has continued to respond. I am not sure, but isn't there a type of POA that t...
by harmony
Tue Jun 27, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Relative Reluctant to give POA
Replies: 30
Views: 2719

Re: Elderly Relative Reluctant to give POA

His nieces and nephews (he has no children) all want him to be cared for near the end of his life of frugality and selective avoidance of some medical care. We have seen the pain that his mistrust of medicine, postponing care, and hoarding of financial assets have caused him. We are worried that his...
by harmony
Mon Jun 26, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Relative Reluctant to give POA
Replies: 30
Views: 2719

Elderly Relative Reluctant to give POA

A relative is helping an elderly uncle who has been a nursing-home resident for three months now. To his doctor he appears to have a good mind yet, so Power of Attorney has not been authorized so far. Some of his sizable vulnerable assets were sold at his direction at the beginning of his most recen...
by harmony
Mon Jun 12, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Any advice on buying headstone for a grave?
Replies: 22
Views: 2091

Re: Any advice on buying headstone for a grave?

For some kinds of cheaper gray granite there are holes in the stone which can harbor moisture. Wherever the stone is engraved, the roughened surface collects dust that is blown around by the wind. Surface dust is irrigated by moisture collecting in the holes and further encouraged by sunlight. Event...
by harmony
Fri Jun 09, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a calculator that solves for optimal Roth conversion
Replies: 54
Views: 5134

Re: Is there a calculator that solves for optimal Roth conversion

We also searched for a calculator that would cover multiple variables but didn't find one, so on a year-by-year basis we used the prior year's tax software to predict how much to convert to a Roth IRA. We could not have anticipated all that happened anyway. Several years into RMD distributions we ca...
by harmony
Sun Jun 04, 2017 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to create an account for foster kids?
Replies: 10
Views: 1121

Re: How to create an account for foster kids?

We waited until the emancipated (over age 18) foster child came to us with an obvious need. This was before 529 plans existed and he had already qualified for financial aid which funded his vocational training. His wife was pregnant and he was traveling between jobs on a cross-country trip. He tried...
by harmony
Sat Apr 08, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Impact on SSDI for disabled child and delay in parents SS
Replies: 13
Views: 1179

Re: Impact on SSDI for disabled child and delay in parents SS

If your spouse has the right number of work credits, your son might be eligible for higher SSDI benefits based on a “combined family maximum”. Your spouse would have to ask if she has the appropriate range of work credits for your son to receive this benefit. Often a spouse who has had to limit work...
by harmony
Sun Feb 19, 2017 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax credit for disabled child
Replies: 6
Views: 705

Re: Tax credit for disabled child

OP, the way you phrased your question made me think of a similar question we came across in our TaxAct software. It's part of the interview. Without knowing which form that question pertains to, it can throw one off. I could be mistaken, but I'm guessing that question is being asked specifically for...
by harmony
Sun Feb 19, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to very part time self-employment/issues
Replies: 2
Views: 509

Re: Moving to very part time self-employment/issues

There's more to it than just paying income taxes. There are business structures, state sales/use taxes, and liability exposures. You need to understand Sales and Use Tax as it applies to the states that you will be doing business in. In one state that I am familiar with, personal property is subject...
by harmony
Mon Feb 06, 2017 11:51 am
Forum: Personal Consumer Issues
Topic: Amazon phantom RMA label & UPS driver?
Replies: 23
Views: 2201

Re: Amazon phantom RMA label & UPS driver?

TravelGeek, we contacted our college student as stated upthread. He doesn't use our Amazon account. The person the package was addressed to actually lives at the address here where the package was delivered. We checked with him and he insisted several times that he had not ordered anything from Amaz...
by harmony
Sun Feb 05, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule C Question
Replies: 8
Views: 953

Re: Schedule C Question

I don't think you even need to show a profit to file Schedule C. It is a tax form which documents your business's annual profit motive for the IRS and serves to distinguish it from hobby income / expenses. Thus if you incurred business expenses, but did not clear a profit, you should document your q...
by harmony
Sun Feb 05, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: Amazon phantom RMA label & UPS driver?
Replies: 23
Views: 2201

Re: Amazon phantom RMA label & UPS driver?

We don't order much from Amazon and don't use Prime. When we order from Amazon it has to be enough $$ to get free shipping. There are quite a few things on Ebay which have free shipping and this was one of them. A package from Amazon was unexpected.
by harmony
Sun Feb 05, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: Amazon phantom RMA label & UPS driver?
Replies: 23
Views: 2201

Re: Amazon phantom RMA label & UPS driver?

I was out yesterday so I hadn't realized this post was collecting so much speculation. (We appreciate all the light humor, except that which throws shade on the character of a family member. Forgiven.) We don't have 100% proof, but this is looking more like a scam in which a seller used both Ebay an...
by harmony
Thu Feb 02, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: ABLE Account - no longer disabled?
Replies: 2
Views: 491

Re: ABLE Account - no longer disabled?

According to this link m, the distributions would become taxable, and any funds she had received from Medicaid would need to be repaid to her state. You might want to check further to see if there is any provision for relapse of the disabling condition. If it is based on the SSI and SSDI protocols, ...
by harmony
Thu Feb 02, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Amazon phantom RMA label & UPS driver?
Replies: 23
Views: 2201

Re: Amazon phantom RMA label & UPS driver?

We already checked with our college student and he said he hasn't been using our account for quite a few years. Thanks though.
by harmony
Thu Feb 02, 2017 2:05 pm
Forum: Personal Consumer Issues
Topic: Amazon phantom RMA label & UPS driver?
Replies: 23
Views: 2201

Re: Amazon phantom RMA label & UPS driver?

Thanks for the quick and helpful responses. There was apple crisp in the oven already, but I was too busy talking by phone with an Amazon customer service representative to mix up batch of muffins to go in with the apple crisp. The polite lady in the Philippines who answered Amazon's telephone custo...
by harmony
Thu Feb 02, 2017 12:11 pm
Forum: Personal Consumer Issues
Topic: Amazon phantom RMA label & UPS driver?
Replies: 23
Views: 2201

Amazon phantom RMA label & UPS driver?

Has anyone ever had a UPS driver show up at your door with an Amazon Return Merchandise Authorization pre-addressed mailing label (to Lexington, KY, Amazon Fulfillment Center) saying they have come to pick up a package, without you having asked Amazon to return any merchandise? A UPS driver came by ...
by harmony
Sun Jan 15, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating to Berlin upon retiring. Please critique my plan.
Replies: 17
Views: 2168

Re: Relocating to Berlin upon retiring. Please critique my plan.

You will no doubt quickly learn some basic German if you use every shopping experience as an opportunity to refine your pronunciation and sentence-forming skills. There are most likely several German language classes for non-native speakers in a city like Berlin. Enroll in these classes as often as ...
by harmony
Sat Jan 07, 2017 7:35 pm
Forum: Personal Consumer Issues
Topic: Bedroom is colder than rest of house. Radiator heating question.
Replies: 70
Views: 4410

Re: Bedroom is colder than rest of house. Radiator heating question.

Is one of the walls of your master bedroom on the north side of your house? If so, does that north wall have closets along it? If both answers are yes, then you probably don't have a radiator on the north wall. You could try putting some storage boxes filled with insulating materials such as blanket...
by harmony
Tue Jan 03, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Allowable expenses for Sched C jobs, when expenses "overlap" with W2 job requirements?
Replies: 15
Views: 857

Re: Allowable expenses for Sched C jobs, when expenses "overlap" with W2 job requirements?

There may be some helpful information here about activities not engaged in for profit. Take note of the “9 Factors” in Appendix A. m The two quotes below from earier portions of the infomation linked above provide some hints that an overlap won't be an issue. Multiple undertakings may be treated as ...
by harmony
Tue Jan 03, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Estates and Trusts only prepares one return
Replies: 5
Views: 416

Re: TaxAct Estates and Trusts only prepares one return

If I were wanting this software, I'd get the download version. TaxAct charges $60, so that would be $120 for two; but I'd have to go back and double check if the download version allows for more than one return as their 1040 software does. Turbotax was asking well over $120 for their download which ...
by harmony
Tue Jan 03, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Why Mix Asset Classes in a Single Fund?
Replies: 20
Views: 1831

Re: Why Mix Asset Classes in a Single Fund?

I keep one multi-asset fund in a retirement account to use as the funnel fund from which I take Roth rollovers. The rollover goes into the same fund in the Roth side of my retirement account. This allows me to keep re-allocation decisions separate from the timing of the Roth rollover. The multi-asse...
by harmony
Tue Jan 03, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 6689

Re: I-bonds

Thank you, Phineas, for the better explanation about taxation of I-bond interest and for linking us to Publication 550. I can imagine how handy this tax flexibility would be in the years between retirement and taking required minimum distributions. I-bonds don't get stepped-up basis, so if you don't...
by harmony
Tue Jan 03, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Is this asset allocation correct?
Replies: 23
Views: 1753

Re: Is this asset allocation correct?

There were some political theories given for the performance in muni bonds around the election of 2016. You can find several articles by googling. I won't link to any of them here because politics is off topic, but it might help you understand it all better. You provide a good idea for using munis t...
by harmony
Mon Jan 02, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 6689

Re: I-bonds

Tax-deferred interest could be taken from I-bonds in a year in which you have large enough medical expenses that you could deduct them on Schedule A. For younger families, think of the cost of braces for several children in the same year. For older couples, think of the Schedule A deduction on long-...
by harmony
Mon Jan 02, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Thoughts on this inverse living floor plan and building a home in general
Replies: 30
Views: 2895

Re: Thoughts on this inverse living floor plan and building a home in general

Is that a fireplace at the top of the stairs between the kitchen and the dining room facing the stairwell? If so, the only angle from which to view it is from the stairwell and going up. Aren't fireplaces supposed to be for sitting around to watch the fire and enjoy? Edit: OK, I clicked on the link ...
by harmony
Sun Jan 01, 2017 4:34 pm
Forum: Personal Consumer Issues
Topic: Scenic train trip?
Replies: 21
Views: 2041

Re: Scenic train trip?

It seems trains would avoid the pitfalls of air travel when traveling with small children. When traveling with little ones on Amtrak, you might want to consider how you would manage if one of them came down with a condition which affects his/her bodily functions. We had to make such a decision: Boa...
by harmony
Sun Jan 01, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Thoughts on this inverse living floor plan and building a home in general
Replies: 30
Views: 2895

Re: Thoughts on this inverse living floor plan and building a home in general

If the doorbell rings, would you be able to see who is there from the second floor dining room; or would the roof of the covered porch obscure the view? If you have to go all the way down to the garage level to see who is there, it would seem less secure to me, because an intruder could overcome one...
by harmony
Sat Dec 31, 2016 1:37 am
Forum: Investing - Help with Personal Investments
Topic: Being paid by husband for care & IRA investment?
Replies: 4
Views: 1107

Re: Being paid by husband for care & IRA investment?

Yours is a very intriguing question which may also affect me some day. I googled for more clarity and found this: m Typically, the senior for whom the caregiver works is considered their employer. In some cases, however, that might not be the case. Seniors with Alzheimer’s, for example, might not be...
by harmony
Fri Dec 30, 2016 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Being paid by husband for care & IRA investment?
Replies: 4
Views: 1107

Re: Being paid by husband for care & IRA investment?

Here are a couple of links on taxation for a Household Employee: m m With his condition your husband isn't capable of hiring someone, except through you as his POA. The question would be whether you would be classified as his household employee or as an independent contractor. Either way, it should ...
by harmony
Fri Dec 30, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 TOD beneficiary / disclaim to estate?
Replies: 3
Views: 505

Re: 1099 TOD beneficiary / disclaim to estate?

Longdog, thank you very much for your question. It has certainly helped us to think this through from several different angles. This account will go into the estate because these funds may be needed in part (along with proceeds from personal property sales and a real estate sale) to pay a fairly lar...