Search found 264 matches

by mister_sparkle
Fri Nov 08, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Settling a disputed estate, cannot locate one survivor
Replies: 20
Views: 1890

Re: Settling a disputed estate, cannot locate one survivor

A friend was talking about a friend of his who recently passed away and named him as the sole heir of his assets. The person who died did have 2 children, who he become estranged from, and he specifically included language in his will that neither of his children should receive anything. One of the...
by mister_sparkle
Fri Nov 08, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Settling a disputed estate, cannot locate one survivor
Replies: 20
Views: 1890

Re: Settling a disputed estate, cannot locate one survivor

This link provides a good read specifically to Tennessee regard contesting a will Since the children are excluded by name it is going to be a tough road for them to prevail. Q: What are the grounds for contesting a will? The plaintiff must have grounds, or a specific concern validated by the law, t...
by mister_sparkle
Fri Nov 08, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Settling a disputed estate, cannot locate one survivor
Replies: 20
Views: 1890

Settling a disputed estate, cannot locate one survivor

A friend was talking about a friend of his who recently passed away and named him as the sole heir of his assets. The person who died did have 2 children, who he become estranged from, and he specifically included language in his will that neither of his children should receive anything. One of the ...
by mister_sparkle
Sun Nov 03, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Moved to a new state, purchasing house -- should I amend my will and living trust?
Replies: 6
Views: 644

Moved to a new state, purchasing house -- should I amend my will and living trust?

I currently have a will and established a living trust several years ago. I moved to another state in September and am going to be closing on a house in December. Given all these changes, should I hire an attorney to re-do all of these documents (along with Power of Attorney, Power of Medical, etc.)...
by mister_sparkle
Mon Oct 28, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone have a 2019 Schedule D worksheet?
Replies: 1
Views: 204

Does anyone have a 2019 Schedule D worksheet?

I switched jobs this year and would like to model my projected 2019 income/total tax vs. 2020, as I have the option of taking my first year bonus with my new employer entirely in 2020 or splitting it between 2019 and 2020. I made my own Excel version of the 2018 Schedule D worksheet but don't trust ...
by mister_sparkle
Fri Oct 18, 2019 11:08 am
Forum: Personal Investments
Topic: Do I pay taxes on capital gains for mutual fund transfers within Vanguard?
Replies: 8
Views: 790

Re: Do I pay taxes on capital gains for mutual fund transfers within Vanguard?

Any exchanges in a taxable account incur capital gains if there has been price appreciation of the funds being sold; whether this is all within Vanguard funds does not matter.

However, if there is a capital loss, then obviously you would not have to pay capital gains tax since there was no gain.
by mister_sparkle
Wed Jul 31, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Considerations for sudden income increase + hiring bonus
Replies: 2
Views: 453

Considerations for sudden income increase + hiring bonus

I am very close to signing a contract with a new employer that is going to result in, for me, a much higher salary and a very large bonus in my first year. I have some flexibility on being paid some or all of the bonus earlier (i.e. in 2019) instead of when it's due in March 2020, so I'm trying to f...
by mister_sparkle
Fri May 24, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs, SECURE Act]
Replies: 89
Views: 4687

Re: House votes to change RMDs to 72

Another proposed change would be a shorter 10-year timeframe for RMDs on inherited IRAs except for certain beneficiaries -- minor children, etc.

I wonder if that change would affect people currently taking RMDs of inherited IRAs or if they would be grandfathered.
by mister_sparkle
Fri Apr 12, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Best online banking accounts?
Replies: 53
Views: 7365

Re: Best online banking accounts?

Useful thread. I just returned from a trip to France and Italy and after dealing with some mega-b.s. from Capital One I am switching banks ASAP. The Capital One 360 website practically brags that you no longer need to notify them in advance of travel to another country thanks to the chip technology ...
by mister_sparkle
Mon Apr 01, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: ACA and Moving - Questions
Replies: 13
Views: 526

Re: ACA and Moving - Questions

Texas has not expanded Medicaid. So, she will have to have almost zero assets in addition to very low income in order to qualify for Medicaid in TX. Alternatively, your employer may provide coverage for an unmarried partner? We have to be officially living with each other for 12 months before she c...
by mister_sparkle
Mon Apr 01, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: ACA and Moving - Questions
Replies: 13
Views: 526

Re: ACA and Moving - Questions

If she has assets in traditional IRA or other retirement accounts, Roth conversions may be effective as a way to boost AGI to be eligible for ACA. It can work the other way too. Convert too much to cause AGI to be too big and one can lose the ACA premium subsidy. She has no retirement assets. Do yo...
by mister_sparkle
Mon Apr 01, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: ACA and Moving - Questions
Replies: 13
Views: 526

ACA and Moving - Questions

My girlfriend and I are planning on moving to Texas later this year or early next year. Currently I have health insurance through my job and will continue to do so after the move. GF purchases insurance on the ACA exchange and absolutely hates the entire process -- the proving of income, etc. So she...
by mister_sparkle
Wed Mar 20, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding I-orp Logic
Replies: 27
Views: 4303

Re: Understanding I-orp Logic

You are correct, all early tax-deferred account withdrawals are to be of substantially the same magnitude. Your evidence shows that there is no enforcement of this rule built into ORP. Normally, the economics of the model will cause this to happen. In your case, for one year ORP found it economical...
by mister_sparkle
Wed Mar 20, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding I-orp Logic
Replies: 27
Views: 4303

Re: Understanding I-orp Logic

I ran a basic I-Orp scenario today where I am retiring at age 55 in a few years, and I'm trying to make sense of the withdrawals from tax-deferred accounts starting at age 55. I believe the logic here is that I start withdrawing from my tax-deferred accounts at age 55 using 72t/SEPP IRS rules. Howev...
by mister_sparkle
Mon Jan 28, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4792
Views: 1246638

Re: What Movie Have You Recently Watched?

Invictus - documentary from a few years ago about the Russian Olympic doping scandal. Pretty solid -- 7/10

Vice - not very compelling, though Christian Bale did nail his mannerisms. 5/10
by mister_sparkle
Sat Jan 26, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign tax credit question in TurboTax
Replies: 9
Views: 1042

Re: Foreign tax credit question in TurboTax

HueyLD wrote:
Sat Jan 26, 2019 8:23 pm
The foreign tax paid schedule should be in your tax center by now.
Thanks -- I just checked and the form was in there. For 2018, all of the dividends for both VTIAX and VFWAX were foreign-source.
by mister_sparkle
Sat Jan 26, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign tax credit question in TurboTax
Replies: 9
Views: 1042

Re: Foreign tax credit question in TurboTax

I'm running into an issue with entering my "foreign-source income" in the questionnaire, as it relates to 2 Vanguard international stock funds, VTIAX and VFWAX. So far I have only received a 1099-DIV from Vanguard showing the total dividends paid by these 2 funds. I couldn't find anything on Vangua...
by mister_sparkle
Sat Jan 26, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign tax credit question in TurboTax
Replies: 9
Views: 1042

Foreign tax credit question in TurboTax

I'm running into an issue with entering my "foreign-source income" in the questionnaire, as it relates to 2 Vanguard international stock funds, VTIAX and VFWAX. So far I have only received a 1099-DIV from Vanguard showing the total dividends paid by these 2 funds. I couldn't find anything on Vanguar...
by mister_sparkle
Tue Jan 22, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax 2018 Forms Now Online
Replies: 65
Views: 5302

Re: Vanguard Tax Forms Now Online

1099-B and 1099-DIV were available for me today.

Of course my computer completely crashed over the weekend, so I had to restore it to an older version, losing all the TurboTax data I had already entered.

:sharebeer
by mister_sparkle
Sun Jan 20, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax 2018 Forms Now Online
Replies: 65
Views: 5302

Re: Vanguard Tax Forms Now Online

Pacific wrote:
Sun Jan 20, 2019 4:16 pm
None of mine for 2018 have been posted as of this morning. I do not have a brokerage account either. S\

So, why were some posted 4 days ago and others not at all?
This thread was started one year ago, so those are 2017 forms.
by mister_sparkle
Sun Jan 20, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax 2018 Forms Now Online
Replies: 65
Views: 5302

Re: Vanguard Tax Forms Now Online

So far only my 1099-R for my Inherited IRA RMD has been posted. Non-brokerage account.
by mister_sparkle
Wed Jan 16, 2019 6:40 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 57451

Re: John Bogle is dead at 89

A great man who made the financial world a better place for so many people. RIP.
by mister_sparkle
Tue Jan 15, 2019 10:40 pm
Forum: Personal Consumer Issues
Topic: End of an era - Boeing 727
Replies: 35
Views: 2604

Re: End of an era - Boeing 727

No U.S. passenger carriers operate the 747 anymore, but several foreign carriers still do. Plus it's a popular variant for cargo operations. New 747s are actually being made, to this date!
by mister_sparkle
Tue Jan 15, 2019 9:27 pm
Forum: Personal Consumer Issues
Topic: Gillette Mach 3 alternatives
Replies: 81
Views: 8443

Re: Gillette Mach 3 alternatives

I am very loyal to Gillette and have never found a cheaper alternative that was anywhere near the same quality. I stock up with the 24-pack at Costco that lasts me close to 2 years.
by mister_sparkle
Wed Jan 02, 2019 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: self employed tax question
Replies: 81
Views: 4844

Re: self employed tax question

Self-employment tax is the employer and employee portion of FICA (Social Security and Medicare). It is separate from and in addition to Federal (and state) income tax. So if you're in the 22% tax bracket, you'll pay somewhere south of 15.3% + 22% in Federal tax, taking into account the tax brackets ...
by mister_sparkle
Wed Jan 02, 2019 10:24 pm
Forum: Investing - Theory, News & General
Topic: What are you buying today and will you stick to your 2019 New Years IPS resolution?
Replies: 5
Views: 732

Re: What are you buying today and will you stick to your 2019 New Years IPS resolution?

I took my Inherited IRA RMD today, selling bonds and buying international stock in my taxable. I also swept the balance in my taxable Money Market account (consisting of November/December dividends/CGs) and contributed almost $4K to my Roth IRA, again buying international stock, which I am most unde...
by mister_sparkle
Tue Jan 01, 2019 1:37 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2516
Views: 463384

Re: What are you up YTD? [Year To Date]

-5.17% with a 70/30 allocation.

Hoping for a better 2019! :sharebeer
by mister_sparkle
Sat Dec 29, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 307464

Re: What is your Year 2018 networth change?

Down about 3% in a year where my contributions/employer 401k match/dividends were close to $85K. OUCH.
by mister_sparkle
Thu Dec 27, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 302
Views: 42547

Re: TurboTax Prices

A warning, of sorts, for those of you (like me) that had not updated your Mac OS lately -- TT Deluxe requires High Sierra to work; I am still using El Capitan, the version before High Sierra, as my banking software (Banktivity 5) does not work for High Sierra. So, in order to get my taxes done, I ne...
by mister_sparkle
Wed Dec 26, 2018 10:48 pm
Forum: Investing - Theory, News & General
Topic: QE, massive crash, Dow 3000?
Replies: 39
Views: 6168

Re: QE, massive crash, Dow 3000?

Do you normally find random people on the Internet and then just believe everything they write? Here's what you do: take the author's name and Google it. See what they wrote in 2016 or 2015 or 2010. Does it seem like they consistently make good predictions? Or does it seem like they have a track re...
by mister_sparkle
Tue Dec 25, 2018 3:04 pm
Forum: Personal Investments
Topic: TLH with Same Fund in ROTH
Replies: 11
Views: 892

Re: TLH with Same Fund in ROTH

Wash sale rules say you can't buy the same fund that you sold to get a tax loss +/- 30 days of the sale date, and that includes the same fund held in a tax-deferred account like a Roth IRA, so you would need to turn off reinvestment of dividends in your Roth to avoid a wash sale. Or at least that's ...
by mister_sparkle
Wed Dec 19, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 form 1040 released
Replies: 26
Views: 3787

Re: 2018 form 1040 released

I've clicked through on the link to see the new 1040 form and schedules. Some of the new schedules are rather bizarre, because they are so short and contain so little information. For example, Form 1040 Schedule 2 has two lines to fill in (Alt Min Tax and Premium Tax Credit Repayment) and a total. ...
by mister_sparkle
Mon Dec 10, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Recommendations on Wire-Free Security Camera System
Replies: 5
Views: 957

Re: Recommendations on Wire-Free Security Camera System

I have a 2-camera Arlo system for my apartment. Batteries usually last 3-4 months from my experience. It does the job, as far as monitoring movement, but it isn't hooked up to any sort of alarm system.
by mister_sparkle
Mon Dec 03, 2018 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 145
Views: 16012

Re: Retirement itch- when did you get it?

Got it this year @ 52. Talked to my wife and we decided 2021 was the year. 55 gives me access to my 401k. I might be right there with you. At 55 I qualify for retiree health care thru my employer, which, while not inexpensive by any stretch, would at least give me cost certainty until I qualify for...
by mister_sparkle
Mon Dec 03, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: Google Sheet investment spreadsheet
Replies: 5
Views: 1170

Re: Google Sheet investment spreadsheet

My 401k is 100% in Vanguard Wellington (VWENX), which is a 60/40 stock/bond fund, so what I do is once or twice a year, go onto Vanguard or Morningstar to see what the current split is between U.S. stocks, foreign stocks and bonds/cash, and split up the fund allocation via a calculation on my invest...
by mister_sparkle
Mon Dec 03, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do you get a year end bonus?
Replies: 78
Views: 5706

Re: Do you get a year end bonus?

I was given a decent salary boost (almost $10K) in October so I'm not expecting much if any bonus when they're paid out early in 2019. I'd be satisfied with a $2500 one.
by mister_sparkle
Fri Nov 23, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Renting car in Chicago - Christmas - what to expect?
Replies: 14
Views: 1393

Re: Renting car in Chicago - Christmas - what to expect?

I've lived in Chicago for 30 years and have never used chains on my tires. Typically the highways get taken care of first, then the main arterial streets, and then the side streets. As long as you drive slowly for the conditions, you should be fine, and if we get socked with a foot or more of snow, ...
by mister_sparkle
Fri Nov 16, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 85
Views: 10865

Re: Amazon says TurboTax 2018 will be released November 12

I got a camelcamelcamel alert today showing that TurboTax Deluxe 2018 Fed Efile PC/Mac CD version was on sale for $39.99, $10 off list.
by mister_sparkle
Sat Jun 23, 2018 11:44 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 130
Views: 10345

Re: gray hair

I'm about 60% gray now at age 52 and have resigned myself to this. I see way too many older dudes (especially those in the media) coloring their hair when it obviously doesn't 'match' their overall appearance, and I think it's just a bad look. Maybe if they mixed in some gray with their former color...
by mister_sparkle
Tue Mar 27, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Alternative to Google Finance? [Portfolios feature deprecated]
Replies: 97
Views: 26542

Re: Alternative to Google Finance? [Portfolios feature deprecated]

As a temporary workaround, I just typed in "1" for the unit value of VMMXX. I figure close enough until they fix the lookup error.
by mister_sparkle
Fri Mar 23, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Going Sideways/Weird Shipment Problems
Replies: 66
Views: 7515

Re: Amazon Prime Going Sideways/Weird Shipment Problems

I recently bought a Prime membership, and soon thereafter ordered a bunch of LPs that were priced low enough to make it a no-brainer. Only 1 or 2 of them actually shipped out on time, the others I was offered a credit for if I accepted a later delivery date, and those ended up coming 2-3 weeks late...
by mister_sparkle
Wed Mar 21, 2018 11:19 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Going Sideways/Weird Shipment Problems
Replies: 66
Views: 7515

Re: Amazon Prime Going Sideways/Weird Shipment Problems

I recently bought a Prime membership, and soon thereafter ordered a bunch of LPs that were priced low enough to make it a no-brainer. Only 1 or 2 of them actually shipped out on time, the others I was offered a credit for if I accepted a later delivery date, and those ended up coming 2-3 weeks later...
by mister_sparkle
Wed Mar 21, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Alternative to Google Finance? [Portfolios feature deprecated]
Replies: 97
Views: 26542

Re: Alternative to Google Finance? [Portfolios feature deprecated]

The new Google Finance page is pretty close to being useless for me now. It has that annoying new trend in modern web layout to have everything in giant text with tons of whitespace, so that the My Stocks view shows only 3 stocks (need to click on View All Your Stocks to see the rest), and the inter...
by mister_sparkle
Thu Mar 15, 2018 1:07 pm
Forum: Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 8620

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

Thanks for all the reasoned thoughts. For the time being, I'll stick with the job for at least another year. The issue that's giving me the most pause is the health insurance issue. If I can hold onto working 'til 55, then that gives me 10 years of price stability 'til Medicare. Without that I'm loo...
by mister_sparkle
Wed Mar 14, 2018 1:41 pm
Forum: Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 8620

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

I haven't yet. I have a bunch of different calculators etc. that I've got downloaded so I'll try to find FIRECalc tonight.
by mister_sparkle
Wed Mar 14, 2018 1:30 pm
Forum: Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 8620

Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

I have begun to hone in on a date where I say goodbye to working and begin to relax and enjoy free time and all that comes with it. And for me the most logical date would be in a little over 3 years when I turn 55, as a) I believe I will have sufficient assets to tide me over until I receive a (smal...