Search found 1306 matches

by AAA
Tue May 26, 2020 1:02 pm
Forum: Personal Investments
Topic: Air conditioner stocks
Replies: 27
Views: 1774

Re: Air conditioner stocks

While there might be increased demand this summer, on the other hand supply chains may be somewhat compromised so all that demand may not be met. Also, many people lost their jobs so they will not be planning to buy new A/C's, etc. But if you do go ahead with this, please post again later in the yea...
by AAA
Tue May 26, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8427

Re: Investors: be aware of weakness in 2FA + strengthening

Thought I’d share based on news I’ve been seeing. Please be aware that hackers are attacking 2FA through telecommunication carriers. Can someone explain to the non-initiated what the issue is here? So I go to Vanguard's website, enter my username and password and then wait for the text to my phone ...
by AAA
Mon May 25, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8427

Re: Investors: be aware of weakness in 2FA + strengthening

Thought I’d share based on news I’ve been seeing. Please be aware that hackers are attacking 2FA through telecommunication carriers. Can someone explain to the non-initiated what the issue is here? So I go to Vanguard's website, enter my username and password and then wait for the text to my phone ...
by AAA
Mon May 25, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8427

Re: Investors: be aware of weakness in 2FA + strengthening

Thought I’d share based on news I’ve been seeing. Please be aware that hackers are attacking 2FA through telecommunication carriers. Can someone explain to the non-initiated what the issue is here? So I go to Vanguard's website, enter my username and password and then wait for the text to my phone ...
by AAA
Wed May 20, 2020 10:49 am
Forum: Personal Investments
Topic: Individual stock for son's birthday
Replies: 54
Views: 2047

Re: Individual stock for son's birthday

Someone gave my son a share of stock in a company my son was familiar with and we ran into some inconvenience when it came time to sell it. Because of capital gains? Sounds like a good problem to have. No - now that I recall (it was several years ago) the main issue was that we had an actual paper ...
by AAA
Tue May 19, 2020 12:47 pm
Forum: Personal Investments
Topic: Individual stock for son's birthday
Replies: 54
Views: 2047

Re: Individual stock for son's birthday

Someone gave my son a share of stock in a company my son was familiar with and we ran into some inconvenience when it came time to sell it.
by AAA
Tue May 19, 2020 12:44 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 62
Views: 6069

Re: Where to park cash in Fidelity?

It is annoying to have to use Ally or Marcus to place cash savings, so I wonder why Fidelity or other big financial firms don't have a decent option. I've wondered about this myself. Why can't Vanguard, Fidelity, etc. match Ally, Marcus, etc. for decent cash yields? Does it have to do with the latt...
by AAA
Fri May 15, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Leave H&R Block for Turbo Tax or what other software
Replies: 27
Views: 1294

Re: Leave H&R Block for Turbo Tax or what other software

If you had your taxes done in person at an H&R Block office, and they're not particularly complicated, you should consider trying software. I used Turbo Tax for several years but left them a few years ago over a printing issue on Mac computers. I switched to H&R Block and it's been okay. I'm sure ei...
by AAA
Fri May 15, 2020 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Problems applying for IRS Identity Protection PIN
Replies: 7
Views: 476

Re: Problems applying for IRS Identity Protection PIN

I've read that they go by the caller ID name. Which effectively eliminates all prepaid cell plans, Google Voice, etc. Actually I discovered that the caller ID I checked in my home phone history was not from my phone but another family member's phone. My phone is showing "Name Unavailable." So I wil...
by AAA
Thu May 14, 2020 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Problems applying for IRS Identity Protection PIN
Replies: 7
Views: 476

Re: Problems applying for IRS Identity Protection PIN

Failed again to get past the mobile phone number verification. I give up.
by AAA
Thu May 14, 2020 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Problems applying for IRS Identity Protection PIN
Replies: 7
Views: 476

Re: Problems applying for IRS Identity Protection PIN

Is the billing address for your cell phone the same as your home address (i.e. tax return address)? Yes, they are both the same. And it's been the same address for many years. I will try again later today based on the carrier changing my primary phone number to my mobile number. If that doesn't wor...
by AAA
Thu May 14, 2020 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Problems applying for IRS Identity Protection PIN
Replies: 7
Views: 476

Re: Problems applying for IRS Identity Protection PIN

yohac wrote:
Wed May 13, 2020 6:54 pm
I've read that they go by the caller ID name. Which effectively eliminates all prepaid cell plans, Google Voice, etc.
I checked - my caller ID is my name, although it's last name first. I assume they would account for things like that.
by AAA
Wed May 13, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Problems applying for IRS Identity Protection PIN
Replies: 7
Views: 476

Problems applying for IRS Identity Protection PIN

I got through every other step and then it asked for a mobile phone number, which it was going to verify with the carrier. There was no hint as to what format to use to enter the number, so I just put xxxxxxxxxx. It came back and said it couldn't verify it. So I tried xxx-xxx-xxxx, same result. Fina...
by AAA
Tue May 12, 2020 6:45 pm
Forum: Personal Consumer Issues
Topic: Buying a used Jaguar
Replies: 40
Views: 2514

Re: Buying a used Jaguar

Wasn't the old joke about Jaguars that you should buy two so you can drive one while the other is in the garage?
by AAA
Mon May 11, 2020 10:32 am
Forum: Personal Consumer Issues
Topic: Making backups in Windows 10 with File History
Replies: 17
Views: 1150

Re: Making backups in Windows 10 with File History

I use both a Mac and a PC (Windows 10). On the Mac, it's very simple. I use SuperDuper - basically a couple of mouse clicks and it creates a bootable backup on an external disk. When I recently bought a new Mac, I pointed Apple's Migration Assistant to the SuperDuper backup on the external disk and ...
by AAA
Mon May 04, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Membership Question
Replies: 84
Views: 6242

Re: Amazon Prime Membership Question

I did the one month trial. One of my main reasons for doing so was to get Whole Foods deliveries but despite several attempts there never seemed to be an available delivery window. I later learned WF was not accepting new delivery customers. Also, Amazon deliveries were > 2 days, understandable duri...
by AAA
Thu Apr 30, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2531

Re: File tax return electronically

If we have to temporarily lift the freeze at Experian, for how long should this be done? Does the IRS website immediately check with Experian or could there be a delay (hours? days?)? You cannot create an IRS account until you pass identity verification. Once you've created an account, you do not h...
by AAA
Thu Apr 30, 2020 9:04 am
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2531

Re: File tax return electronically

talzara wrote:
Wed Apr 29, 2020 12:06 pm
The IRS uses Experian.
If we have to temporarily lift the freeze at Experian, for how long should this be done? Does the IRS website immediately check with Experian or could there be a delay (hours? days?)?
by AAA
Tue Apr 28, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2531

Re: File tax return electronically

talzara wrote:
Tue Apr 28, 2020 11:36 am
The IRS is using your credit report for identity verification.
So what should those of us with security freezes do? Do they say which specific agency is used?
by AAA
Mon Apr 27, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2531

Re: File tax return electronically

You have no guarantee that what the IRS types into their system is what you put on your paper return. I've had that problem a few times in the past, including one year where they input my address wrong. True. no method is foolproof. Years ago when using one of the usual programs to do my state taxe...
by AAA
Sun Apr 26, 2020 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2531

Re: File tax return electronically

It is the data theft most seem to fear. In my case, I am reluctant to e-file because I cannot see exactly what is being filed as I can with paper filing. Yes, I can have the program print out the forms that would be submitted to the IRS with paper filing, but I can't verify that the electronically ...
by AAA
Wed Apr 22, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: [Fidelity - Responsibility to track down beneficiaries on death]
Replies: 71
Views: 4206

Re: Surprised that there is no esponsibility to track down beneficiaries on death

cheese_breath wrote:
Wed Apr 22, 2020 3:57 pm
This whole thing is just an example of people sloughing their responsibilities off onto someone else. Another is relying on Vanguard to keep accurate records of their transactions when they should be doing it themselves.
But it is Vanguard's fiduciary responsibility to keep accurate records.
by AAA
Tue Apr 21, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity - Responsibility to track down beneficiaries on death]
Replies: 71
Views: 4206

Re: Surprised that there is no esponsibility to track down beneficiaries on death

I am assuming there are different beneficiaries named by each joint owner and it is unclear as to who was the survivor. Gill That would be a difficulty. However, where we have been allowed to name beneficiaries for joint accounts (which is everywhere else that we have such accounts) only one set of...
by AAA
Tue Apr 21, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity - Responsibility to track down beneficiaries on death]
Replies: 71
Views: 4206

Re: Surprised that there is no esponsibility to track down beneficiaries on death

With this situation Vanguard would have the added responsibility to determine the order of deaths - a role they don’t wish to assume. Gill I'm not sure I follow you. If one of the two joint owners passes, the other owner would notify Vanguard to retitle the account (and make cost basis adjustments)...
by AAA
Tue Apr 21, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity - Responsibility to track down beneficiaries on death]
Replies: 71
Views: 4206

Re: Surprised that there is no esponsibility to track down beneficiaries on death

I'm okay with Vanguard not having responsibility to track down the beneficiaries of one's retirement account (I don't remember if their addresses are even included with their other information) but I don't understand why Vanguard does not allow naming of secondary beneficiaries on joint non-retireme...
by AAA
Sat Apr 11, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you login and review your investment accounts?
Replies: 68
Views: 2404

Re: How often do you login and review your investment accounts?

Related to this - how often do you check in and download statements or account snapshots? And if you do this, is it in part to have some kind of record should there be a serious systems foulup at your financial institution? I've often wonder if these would be of any actual value given that they coul...
by AAA
Fri Apr 10, 2020 3:36 pm
Forum: Personal Investments
Topic: Do firms automatically adjust stepped-up cost basis?
Replies: 2
Views: 188

Do firms automatically adjust stepped-up cost basis?

If the single owner of a taxable account at Vanguard or Fidelity passes to his/her beneficiaries and they want the items to remain at the firm, I assume that new accounts would be set up in those beneficiaries' names. Does the firm automatically adjust the cost basis of the funds to their stepped-up...
by AAA
Thu Apr 09, 2020 2:15 pm
Forum: Personal Investments
Topic: Another Tax Loss Harvesting Thread
Replies: 1
Views: 128

Another Tax Loss Harvesting Thread

I know about the Wiki and the many threads here, but some of that goes over my head and I am new to this and just want to make absolute sure... So let's say on 3/1/2020 I exchanged stock fund A for sufficiently different stock fund B as fund A had a significant loss. The last reinvestment or purchas...
by AAA
Fri Apr 03, 2020 12:53 pm
Forum: Personal Consumer Issues
Topic: Bathroom / Shower Mold
Replies: 5
Views: 670

Re: Bathroom / Shower Mold

I've tried cleaners, bleach with water... How did you use the bleach? I have a spray bottle with 50/50 bleach/water. If I spray it on the shower walls and let it sit for about 15 minutes (with bathroom door closed and window open) and then rinse it off it usually does the trick. Since the last appl...
by AAA
Thu Mar 12, 2020 1:08 pm
Forum: Personal Investments
Topic: TLH and buying low
Replies: 19
Views: 961

Re: TLH and buying low

lakpr wrote:
Thu Mar 12, 2020 10:14 am
Of course, you should also refrain from buying the same security, even through inadvertent auto-dividend-reinvesting, for the next 30 days.
And I believe that holds if you also have the same security in a separate tax-sheltered account (IRA, 401K, etc.).
by AAA
Thu Mar 12, 2020 10:01 am
Forum: Personal Investments
Topic: TLH and buying low
Replies: 19
Views: 961

Re: TLH and buying low

So you do the tax loss harvesting on VTSAX (sell all lots that have loss, and make sure all lots bought within the last 30 days are sold) Do not buy any more VTSAX for at least the next 30 days. Can you explain the selling of lots bought within the last 30 days. I thought that such lots could not b...
by AAA
Tue Mar 10, 2020 7:02 pm
Forum: Personal Consumer Issues
Topic: Annual Maintenance on my Audi with little mileage
Replies: 13
Views: 1131

Re: Annual Maintenance on my Audi with little mileage

I was in a similar situation with my six year old Volvo as it only has about 24,000 miles. I had been going in just once a year and all they basically did each time was a state inspection and oil change. This recent visit they gave me a choice and I went with a more thorough servicing, something lik...
by AAA
Tue Mar 10, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Have to file amended return?
Replies: 1
Views: 148

Have to file amended return?

So I just mailed off my taxes last week and today I get an email from a brokerage that there is an amended 1099-R available for the RMD I took last year. None of the numbers have changed. The only change is that Box 2B, Total Distribution, previously had an X in it and now does not. Is that somethin...
by AAA
Mon Mar 09, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Should federal tax return forms be stapled to each other? Or not?
Replies: 47
Views: 3024

Re: Should federal tax return forms be stapled to each other? Or not?

The instructions for the 1040-V payment voucher specifically say to leave it and the payment loose in the envelope. Do the 1040 instructions anywhere specifically say to leave it and the associated forms loose?
by AAA
Sun Mar 08, 2020 9:15 am
Forum: Personal Consumer Issues
Topic: Question on Turbotax Question
Replies: 5
Views: 589

Re: Question on Turbotax Question

I would think it's asking if you "stopped when 2019 came" to know whether to continue the interview to input your contracting income in 2019. I don't know why it would care to know the other alternative - that you worked as a contractor in 2019 and then stopped - as that would not affect how your 20...
by AAA
Fri Feb 28, 2020 4:15 pm
Forum: Personal Consumer Issues
Topic: Compatibility of Catalina with Microsoft Office 2011
Replies: 7
Views: 433

Re: Compatibility of Catalina with Microsoft Office 2011

As security issues are a concern for you, are you aware that Microsoft is no longer providing updates for Office for Mac 2011? As a result, I recently uninstalled it and have been using Apple's Pages and Numbers for my relatively light document and spreadsheet needs. I also use the free Libre Office...
by AAA
Wed Feb 26, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Earned Income Credit
Replies: 8
Views: 674

Re: Earned Income Credit

IRS Pub 970 covers Tax Benefits for Education. It explains Scholarships, Fellowship Grants, etc., and how to file it. Of course it doesn't explain how to enter in H & R Block tax software. I just checked the 1040 that the Block program produced and it did write SCH and the amount on the scholarship...
by AAA
Tue Feb 25, 2020 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Earned Income Credit
Replies: 8
Views: 674

Re: Earned Income Credit

The stipend used for living expenses, if that means nontaxable scholarship, is reported on line 1, wages, with SCH notation on the line to the left. If using commercial tax SW , it takes some fishing to find the screen to enter this. For my son using TurboTax, it was under credits and deductions, I...
by AAA
Tue Feb 25, 2020 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Earned Income Credit
Replies: 8
Views: 674

Re: Earned Income Credit

Let me see if I have parsed this right. He received $20k, $9k treated as wages and $11k treated as scholarship income. Did the $11k scholarship income cover tuition, or living expenses? He got the $11k stipend plus a tuition scholarship so the stipend was used for living expenses. If tuition, it's ...
by AAA
Tue Feb 25, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Earned Income Credit
Replies: 8
Views: 674

Re: Earned Income Credit

Did he get a 1098T? Are you saying 2018 he made 20k which was reported in Box 1, and in 2019 something changed about the way he was paid/funded? I don't believe there was a 1098-T as the school covers his tuition. Usually he teaches for this support, and the full amount of what they pay him is ente...
by AAA
Tue Feb 25, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Earned Income Credit
Replies: 8
Views: 674

Earned Income Credit

I'm helping a graduate student with his income taxes. He typically has had teaching assistantships for which his W-2 showed a Box 1 amount of about $20,000. Last year he had a fellowship of about $11,000 for one term - no teaching duties - and his 2019 W-2 Box 1 amount was about $9,000, so it wasn't...
by AAA
Mon Feb 24, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pennsylvania - question about credit for tax paid to another state
Replies: 7
Views: 477

Re: Pennsylvania - question about credit for tax paid to another state

ivk5 wrote:
Sun Feb 23, 2020 3:07 pm
Isn’t it moot anyway, since NYS tax alone surely exceeds PA tax on same income?
Actually, you are correct. It's the same income that is used for NYS and NYC so if I redo Schedule G just claiming credit for NYS taxes paid, there is still no PA tax due.
by AAA
Mon Feb 24, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Pennsylvania - question about credit for tax paid to another state
Replies: 7
Views: 477

Re: Pennsylvania - question about credit for tax paid to another state

NY City income tax only applies to a NY State statutory resident if the individual is also a NY City statutory resident. A NY statutory resident pays tax to NY on all income from all sources, but PA will likely only allow a credit (up to the amount of PA tax) on earnings in NY or income derived fro...
by AAA
Mon Feb 24, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Pennsylvania - question about credit for tax paid to another state
Replies: 7
Views: 477

Re: Pennsylvania - question about credit for tax paid to another state

No first hand experience. But I took a look out of curiosity- it seems the instructions explicitly say “PA income tax law does not allow a resident credit for taxes paid to political subdivisions of other states“ so I would think that answers it. Isn’t it moot anyway, since NYS tax alone surely exc...
by AAA
Sun Feb 23, 2020 12:04 pm
Forum: Personal Consumer Issues
Topic: Do You Avoid Advertisements & Commercials?
Replies: 84
Views: 4764

Re: Do You Avoid Advertisements & Commercials?

except for Yankees games, I pretty much exclusively watch DVR, saves me 15 minutes per hour of TV watching plus avoids an unnecessary wanting to spend money on something I may see. Just curious, why not also baseball games to skip through the commercials between innings, the relief pitcher warming ...
by AAA
Sun Feb 23, 2020 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Pennsylvania - question about credit for tax paid to another state
Replies: 7
Views: 477

Pennsylvania - question about credit for tax paid to another state

A PA resident has earnings from work in New York City. The person is considered a statutory resident of NY state for tax purposes while maintaining a domicile in PA (in NY for school). The NY state form also calculates the tax due for NYC and the sum of the two is the tax due on the return. When doi...
by AAA
Fri Feb 21, 2020 9:46 pm
Forum: Personal Consumer Issues
Topic: Do You Avoid Advertisements & Commercials?
Replies: 84
Views: 4764

Re: Do You Avoid Advertisements & Commercials?

except for Yankees games, I pretty much exclusively watch DVR, saves me 15 minutes per hour of TV watching plus avoids an unnecessary wanting to spend money on something I may see. Just curious, why not also baseball games to skip through the commercials between innings, the relief pitcher warming ...
by AAA
Thu Feb 20, 2020 6:55 pm
Forum: Personal Investments
Topic: Everything in Vanguard
Replies: 26
Views: 3162

Re: Everything in Vanguard

In other words, print off a statement once in a while to prove your assets to Vanguard/Government in case the sky fell. I've wondered about the value of doing this (other than for one's own informational purposes). Do you really think that if you presented Vanguard with a printout they would just a...
by AAA
Mon Feb 10, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: missing tax docs questions
Replies: 17
Views: 1433

Re: missing tax docs questions

I'd wait a few days before assuming the W-2 is missing. We're waiting on one ourselves. The employer says they have to be sent out by January 31 and to give it a couple of weeks.