Search found 141 matches

by thefoggycity
Wed Jan 22, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: CPAs and confidentiality
Replies: 28
Views: 2212

Re: CPAs and confidentiality

Your parents could prepare their own taxes using tax preparation software like TurboTax. Or not disclose to the tax accountant the cause of the capital gains generated by their child’s thievery. I am not clear why your parents believe the tax accountant would need to know this. From your posts 6 mo...
by thefoggycity
Wed Jan 22, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: CPAs and confidentiality
Replies: 28
Views: 2212

Re: CPAs and confidentially

B. is correct. They’re concerned that an accountant code of ethics could require CPA having to report elder abuse. If that's the concern, then it is irrelevant. I could report that my neighbour's cousin stole their car. But unless my neighbours report a car stolen, there is nothing to discuss. This...
by thefoggycity
Tue Jan 21, 2020 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: CPAs and confidentiality
Replies: 28
Views: 2212

Re: CPAs and confidentially

B. is correct. They’re concerned that an accountant code of ethics could require CPA having to report elder abuse.
by thefoggycity
Tue Jan 21, 2020 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: CPAs and confidentiality
Replies: 28
Views: 2212

Re: CPAs and confidentially

Precisely!
by thefoggycity
Tue Jan 21, 2020 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: CPAs and confidentiality
Replies: 28
Views: 2212

Re: CPAs and confidentially

Thanks, the tax issue resulting from this is that because the sibling has stolen so much over the last few years it has placed my parents in a very high tax bracket which has resulted in them having to pay more taxes than they should have. In terms of laws being broken, yes, the sibling who stole fr...
by thefoggycity
Sun Jan 19, 2020 12:24 am
Forum: Personal Finance (Not Investing)
Topic: CPAs and confidentiality
Replies: 28
Views: 2212

CPAs and confidentiality

Dear bogleheads, I posted around six months ago that my parents had money stolen from them by one of my siblings, unfortunately. The sibling is paying them back and we are about to meet with their accountant as we head into tax season. One thing I am wondering is if my parents decide to tell their a...
by thefoggycity
Sun Jan 12, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: RMD and tax withholding
Replies: 7
Views: 423

Re: RMD and tax withholding

Just to clarify, if he wanted to take out the taxes now he would have Schwab default to taking 37% federal and 10% state, is that correct?
by thefoggycity
Sun Jan 12, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: RMD and tax withholding
Replies: 7
Views: 423

Re: RMD and tax withholding

Thank you, just figured out that his federal tax bracket is 37% and California is 10%.
by thefoggycity
Sun Jan 12, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: RMD and tax withholding
Replies: 7
Views: 423

RMD and tax withholding

Dear bogleheads, I am helping my dad sell shares from his IRA and was wondering if it’s recommended to have Schwab withhold taxes upfront or not. The account is set up such that federal taxes are set at 25% and the state taxes are set at 15%. He resides in California. Are those the accurate percenta...
by thefoggycity
Fri Dec 13, 2019 11:14 pm
Forum: Personal Investments
Topic: Did I mess up trade?
Replies: 2
Views: 319

Re: Did I mess up trade?

Thank you for shedding some light on this.
by thefoggycity
Fri Dec 13, 2019 10:38 pm
Forum: Personal Investments
Topic: Did I mess up trade?
Replies: 2
Views: 319

Did I mess up trade?

Bogleheads, My dad is suffering from Alzheimer’s and wanted me to help him sell some shares of his retirement and put into cash and then transfer to a money market Trust account that he can write checks from all within Schwab. We sold $30 k of his 2015 Schwab target fund from his Ira and then when i...
by thefoggycity
Thu Nov 28, 2019 5:42 pm
Forum: Personal Consumer Issues
Topic: 6 x 9 car speakers
Replies: 13
Views: 1094

Re: 6 x 9 car speakers

Thanks for the suggestions, everyone. It’s a 2011 Toyota Camry hybrid. I’m leaning towards the infinity primus three-way 6 x 9’s as they are $50 a pair and have pretty good reviews all around.

Reviews online say these are very comparable to the reference series speakers which are double the price.
by thefoggycity
Tue Nov 26, 2019 9:02 pm
Forum: Personal Consumer Issues
Topic: 6 x 9 car speakers
Replies: 13
Views: 1094

6 x 9 car speakers

Bogleheads, Does anyone have recommendations for some really nice 6 x 9 speakers for car audio? Currently looking at Infinity, Rockford Fosgate, Kicker, and others. Also, is it recommended to get the same 6 x 9‘s in the front and rear or different for front and rear? Any recommendations and consider...
by thefoggycity
Sat Oct 26, 2019 8:04 am
Forum: Personal Consumer Issues
Topic: How to get my iTunes music from my iPhone to my computer
Replies: 2
Views: 379

How to get my iTunes music from my iPhone to my computer

Somehow I inadvertently deleted all of my iTunes music through the iTunes app on my laptop. Fortunately all of the music remains on my iPhone but as I search it seems trying to get that back onto the laptop involve third-party software and it’s a bit of a headache. The bulk of my music was not purch...
by thefoggycity
Sat Oct 26, 2019 8:01 am
Forum: Personal Consumer Issues
Topic: Tattoos in the workplace
Replies: 5
Views: 1043

Tattoos in the workplace

Dear bogleheads,

What are folks thoughts on visible tattoos in the workplace?

I work at a school and was curious about peoples opinions.

Anybody work for an employer who has policies regarding this?

Thanks!
by thefoggycity
Sat Oct 26, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: HVAC check ups?
Replies: 46
Views: 3153

HVAC check ups?

Dear Bogleheads,

How many folks get their furnaces, etc. checked annually?

I’ve always been advised of this but it sure is expensive.

Necessary in your opinion, or is it as simple as reporting anything hazardous and swapping filters yourself?

Thanks!
by thefoggycity
Sat Oct 19, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord Question
Replies: 16
Views: 2372

Landlord Question

Boglehead Landlords:

What is your criteria for raising rent for tenants? Would be interested to hear folks’ justification for raising it or not and then how you determine how much to raise and when, if at all?

Thanks for your thoughts.
by thefoggycity
Sat Oct 05, 2019 11:23 am
Forum: Personal Consumer Issues
Topic: Painting exterior stucco
Replies: 6
Views: 548

Painting exterior stucco

Hello, Got a proposal from a highly recommended and highly reviewed painter for my parents home. Their exterior stucco home has not been painted in over 10 or 15 years. Painter told me that primer is not needed. As far as I know the paint he is using does not include primer. Can I get others thought...
by thefoggycity
Sun Sep 01, 2019 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Family as estate lawyer?
Replies: 7
Views: 648

Re: Family as estate lawyer?

Thanks for the response. Saw this and wasn’t sure..

https://www.nwitimes.com/business/colum ... 6893e.html
by thefoggycity
Sun Sep 01, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Family as estate lawyer?
Replies: 7
Views: 648

Re: Family as estate lawyer?

Wasn’t sure if the new lawyer and old had to communicate at all? If it’s as simple as bringing the docs to a new lawyer that would be easy and great information for them. I honestly didn’t know the process.
by thefoggycity
Sun Sep 01, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Family as estate lawyer?
Replies: 7
Views: 648

Family as estate lawyer?

Dear Bogleheads, About a month ago I posted a thread after discovering that one of my siblings has been stealing from my parents consistently over the last several years. My parents have since decided to amend their trust and leave said sibling out in some way shape or form but the tricky thing is i...
by thefoggycity
Thu Jul 25, 2019 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Family Fraud
Replies: 45
Views: 5217

Re: Family Fraud

That’s great advice, thanks so much!
by thefoggycity
Thu Jul 25, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Family Fraud
Replies: 45
Views: 5217

Re: Family Fraud

Hello, everyone: I can’t thank you enough for the advice and support. I took some time off and spent twelve hours with my parents in person going through all of their finances and helped them get rid of all credit cards except for one they like best. We changed all user/passwords, put everything on ...
by thefoggycity
Tue Jul 23, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Family Fraud
Replies: 45
Views: 5217

Family Fraud

Dear Bogleheads, My dad has been suffering from dementia for a few years now and my mom has always relied on him for their finances. A few weeks ago, my mom asked me to look at their finances and start helping her take control as my dad was becoming increasingly “confused” with ATM withdrawals. To m...
by thefoggycity
Mon Jul 22, 2019 2:23 pm
Forum: Personal Investments
Topic: 529 for Kindergarten
Replies: 9
Views: 1139

Re: 529 for Kindergarten

Thank you for the clarifications, everyone.
by thefoggycity
Fri Jul 19, 2019 8:30 am
Forum: Personal Investments
Topic: 529 for Kindergarten
Replies: 9
Views: 1139

529 for Kindergarten

Hello everyone, Our daughter is starting kindergarten this fall at a public school but will be attending a before and after school program that partners with the school but is privately owned. We live in California and are wondering if we are permitted to withdraw funds from her 529 to pay for those...
by thefoggycity
Wed May 22, 2019 11:16 pm
Forum: Personal Consumer Issues
Topic: Legal Advice Needed: Immigration and employment question
Replies: 13
Views: 1315

Re: Legal Advice Needed: Immigration and employment question

Thanks so much, everyone. This has been very helpful.
by thefoggycity
Tue May 21, 2019 7:32 pm
Forum: Personal Consumer Issues
Topic: Legal Advice Needed: Immigration and employment question
Replies: 13
Views: 1315

Legal Advice Needed: Immigration and employment question

Bogleheads I am an educator working at a school that serves families who are extremely low income, many of whom are recent immigrants. One of our wonderful family volunteers is losing her “job” (where she gets paid under the table next week), a restaurant that is shutting down. We’d like to hire her...
by thefoggycity
Fri Apr 05, 2019 7:56 am
Forum: Personal Investments
Topic: Home Sale-where to park proceeds?
Replies: 8
Views: 782

Re: Home Sale-where to park proceeds?

They don’t need the money in the short term at all. Their current practice is to sell shares intermittently from their target fund to refill their bank account. Is this the best practice for them?
by thefoggycity
Thu Apr 04, 2019 10:27 pm
Forum: Personal Investments
Topic: Home Sale-where to park proceeds?
Replies: 8
Views: 782

Home Sale-where to park proceeds?

Dear Bogleheads, My parents who are in their mid-70s and who have a Schwab target retirement fund for all of their assets recently sold their home and would like advice about where to put the money rather than having it sit in a money market account. What is recommended if that money is not needed i...
by thefoggycity
Mon Jan 21, 2019 10:22 am
Forum: Personal Investments
Topic: Emergency Savings
Replies: 24
Views: 2416

Re: Emergency Savings

Thanks for your reply.
by thefoggycity
Mon Jan 21, 2019 10:02 am
Forum: Personal Investments
Topic: Emergency Savings
Replies: 24
Views: 2416

Emergency Savings

What would you recommend for parking emergency savings, CDs, iBonds, Prime Money Market, other?

Thank you!
by thefoggycity
Sat Jan 05, 2019 10:55 pm
Forum: Personal Investments
Topic: Money Market Vs. Bonds?
Replies: 3
Views: 765

Re: Money Market Vs. Bonds?

Thanks for taking the time to explain this.
by thefoggycity
Sat Jan 05, 2019 7:26 pm
Forum: Personal Investments
Topic: Money Market Vs. Bonds?
Replies: 3
Views: 765

Money Market Vs. Bonds?

Has anyone ever considered (or gone forward with) moving bonds portion of portfolio in a prime money market account?

What would be the pros vs. cons?

Thanks!
by thefoggycity
Thu Jan 03, 2019 6:19 pm
Forum: Personal Consumer Issues
Topic: HE Washer/Dryers - What do you have..are you pleased?
Replies: 33
Views: 2649

Re: HE Washer/Dryers - What do you have..are you pleased?

Thank you for the replies, everyone!
by thefoggycity
Wed Jan 02, 2019 4:57 pm
Forum: Personal Consumer Issues
Topic: HE Washer/Dryers - What do you have..are you pleased?
Replies: 33
Views: 2649

HE Washer/Dryers - What do you have..are you pleased?

Bogleheads,

The search for an he washer/dryer combo has me weary. Do any of you have good gas model suggestions or ones you've had good luck with?

Thanks!
by thefoggycity
Fri Dec 07, 2018 3:26 pm
Forum: Personal Investments
Topic: Lump Sum in 529 plan
Replies: 10
Views: 909

Re: Lump Sum in 529 plan

Thanks, everyone. Much appreciated!
by thefoggycity
Fri Dec 07, 2018 12:21 am
Forum: Personal Investments
Topic: Lump Sum in 529 plan
Replies: 10
Views: 909

Re: Lump Sum in 529 plan

Thank you, makes sense. And with new 529 rules the $ can be used for K-12 too which relieves some of the burden of wondering about post-secondary. Preschool is not cheap.
by thefoggycity
Thu Dec 06, 2018 10:57 pm
Forum: Personal Investments
Topic: Lump Sum in 529 plan
Replies: 10
Views: 909

Lump Sum in 529 plan

BHs,

My wife and I were recently gifted 60K from our families to put into our 1 year old child's 529. Pretty huge gift and we are wondering what the pros and cons to investing all in a 529 age-based option now or in chunks over time.

Thoughts?
by thefoggycity
Fri Nov 23, 2018 6:32 pm
Forum: Personal Investments
Topic: Stock and Bond Placement
Replies: 6
Views: 970

Stock and Bond Placement

Hello, I have two funds across three retirement accounts, VTSAX, (Vanguard Total Stock Market Index Fund Admiral Shares), and VBTLX, (Vanguard Total Bond Market Index Fund Admiral Shares). Accounts are Traditional Ira, 403B, Taxable, and Roth Ira. What is the Boglehead rule of thumb on where to plac...
by thefoggycity
Sun Nov 11, 2018 12:37 pm
Forum: Personal Investments
Topic: Holding Title to Property
Replies: 2
Views: 388

Re: Holding Title to Property

Thank you. Could you please explain the difference of holding title as joint tenants for example and NAMING it in the trust versus holding title in the trust?
by thefoggycity
Sun Nov 11, 2018 11:40 am
Forum: Personal Investments
Topic: Holding Title to Property
Replies: 2
Views: 388

Holding Title to Property

Hello,

I'm curious about who holds title to property as joint tenants vs holding title in a trust.

Why did you choose to do what you did? Pros vs. cons?

Last, what would be the difference of holding title as joint tenants and naming it in a trust, versus holding title in a trust?

Thanks!
by thefoggycity
Sun Nov 11, 2018 10:03 am
Forum: Personal Investments
Topic: Where to place stocks and bonds
Replies: 2
Views: 276

Where to place stocks and bonds

Hello, Bogleheads: My wife and I each have a 403B and a Roth Ira. We both hold VTSAX (Vanguard Total Stock Market Index Fund) and VBMFX (Vanguard Total Bond Market Index Fund). We're currently mirroring accounts to hold both stocks and bonds in each account according to our desired asset allocation....
by thefoggycity
Sun Oct 21, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: New Home Buying Docs
Replies: 2
Views: 296

New Home Buying Docs

Bogleheads,

When purchasing a home, how do you organize ALL of the documents involved in the process from beginning to end? Specifically, what documents to you keep in hard copy, and what do you keep in soft copy?

Thanks!
by thefoggycity
Sat Oct 20, 2018 8:58 am
Forum: Personal Investments
Topic: HSA contributions
Replies: 3
Views: 397

Re: HSA contributions

Thanks for your replies, that helps!
by thefoggycity
Sat Oct 20, 2018 8:34 am
Forum: Personal Investments
Topic: HSA contributions
Replies: 3
Views: 397

HSA contributions

Does anyone make monthly recurring contributions to their HSA? If so, how do you decide how much to invest vs. keep in cash?
by thefoggycity
Sun Oct 14, 2018 7:12 pm
Forum: Personal Investments
Topic: Determining capital gains?
Replies: 16
Views: 513

Re: Determining capital gains?

Thanks, everyone.
by thefoggycity
Sun Oct 14, 2018 6:55 pm
Forum: Personal Investments
Topic: Determining capital gains?
Replies: 16
Views: 513

Re: Determining capital gains?

Started the account in January 2011.
by thefoggycity
Sun Oct 14, 2018 6:51 pm
Forum: Personal Investments
Topic: Determining capital gains?
Replies: 16
Views: 513

Re: Determining capital gains?

Would a call to Vanguard be best to prepare for what I will owe?
by thefoggycity
Sun Oct 14, 2018 6:46 pm
Forum: Personal Investments
Topic: Determining capital gains?
Replies: 16
Views: 513

Re: Determining capital gains?

Yes reinvested.