Search found 7133 matches

by HueyLD
Sun Nov 17, 2019 12:14 pm
Forum: Personal Investments
Topic: Obamacare limits investing opportunities?
Replies: 28
Views: 1868

Re: Obamacare limits investing opportunities?

I still remember the old days when people lost their jobs and couldn't get insurance due to a combination of old age and pre-existing conditions. And medical bankruptcy inevitably wiped out their lifetime savings. The OP should be grateful for the ACA. It is not a handcuff because he can always volu...
by HueyLD
Sun Nov 17, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: New Tenant.... possibly
Replies: 28
Views: 1522

Re: New Tenant.... possibly

It appears that an employer of H1-B holders tends to transfer them all over the country frequently because it is easier to move them around.

Depending on how your lease reads, you may want to consult an expert to know how to handle such a situation with minimal financial impact.
by HueyLD
Sun Nov 17, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 83
Views: 5133

Re: More retirees have a mortgage

OK, here's a related question... I don't have a mortgage on my house; should I go out and get one? And invest the $$$? Mind you, I don't particularly want to do that, but if it's such a savvy idea, well, maybe I should. I'm 64, retired, and have enough assets to qualify for a mortgage. Hypothetical...
by HueyLD
Sun Nov 17, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Tax question?
Replies: 10
Views: 1086

Re: Tax question?

Cheese, Did you actually itemize on your 2018 tax return? Was your total deduction for taxes on Schedule A limited by SALT? SALT or not, you should fill out the worksheet on page 83 of the year 2019 general instructions for 1040 before reporting the refund as income. If you use a tax software, it sh...
by HueyLD
Sat Nov 16, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 9916

Re: Disturbing experience with Ally Bank

As a former auditor, I can tell you that wires are subject to a lot more scrutiny than ACH because liability for banks is much greater for wire transfers. Of course nothing is perfect, but banks typically give incoming wire transfers same day availability for very good reason.
by HueyLD
Sat Nov 16, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax question?
Replies: 10
Views: 1086

Re: Tax question?

In that case, you won’t have to report the amount in box 6 as income.

The year 2019 general instructions for 1040 is now available in draft format. You can fill out the worksheet on page 83 of the pdf file.
by HueyLD
Sat Nov 16, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 9916

Re: Disturbing experience with Ally Bank

Csm, Per Ally's website, there are ACH maximum transfer limits and the amounts vary depending on the frequency, and inbound or outbound. Inboubd to Ally: $250k limit per transfer, $250k limit per day, and $1M limit per month. Outbound from Ally: $150k limit per transfer, $150k limit per day, and $6...
by HueyLD
Sat Nov 16, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 83
Views: 5133

Re: More retirees have a mortgage

They want children and grandchildren to visit. But the young ones may lose interest after a couple of visits because they prefer to visit other places. I have seen retirees with big homes with just two oldies most of the time. Some decided to pay for for all expenses (airfare, room and board, transp...
by HueyLD
Sat Nov 16, 2019 3:34 am
Forum: Personal Finance (Not Investing)
Topic: Tax question?
Replies: 10
Views: 1086

Re: Tax question?

How are prop tax refunds dealt with if deducted the prior year? On a house I sold in Feb, a pro-rated portion of my pre-paid prop tax appears in form 1099-S Box 6 as “paid by buyer at closing.” Was the house sale in February 2018 or February 2019? For which year was form 1099-S for? Did you deduct ...
by HueyLD
Fri Nov 15, 2019 2:48 pm
Forum: Non-US Investing
Topic: Receiving an International Bank Wire Transfer Questions
Replies: 27
Views: 1211

Re: Receiving an International Bank Wire Transfer Questions

Do you have an account at Vanguard? Vanguard does not charge you intermediate bank fee. In other words, the sender pays whatever his bank charges for sending an international wire and you get $300 provided that he does not deduct his bank fees from $300. Also, Fidelity does not pass along intermedia...
by HueyLD
Fri Nov 15, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's Retirement book is #1 in WSJ listing
Replies: 13
Views: 2140

Re: Larry Swedroe's Retirement book is #1 in WSJ listing

Larry is a very good author and this book is going to be a best seller for a long time.
by HueyLD
Fri Nov 15, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 9916

Re: Disturbing experience with Ally Bank

Csm, Per Ally's website, there are ACH maximum transfer limits and the amounts vary depending on the frequency, and inbound or outbound. Inboubd to Ally: $250k limit per transfer, $250k limit per day, and $1M limit per month. Outbound from Ally: $150k limit per transfer, $150k limit per day, and $60...
by HueyLD
Thu Nov 14, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Gift to granddaughter
Replies: 11
Views: 983

Re: Gift to granddaughter

My granddaughter is in college and still owes about $10,000. If I pay the debt off for her, can I take the payment off my federal income taxes? This would not be a deal breaker, just want to know in advance before sending the check to the college. You are such a generous and wonderful granny. Can y...
by HueyLD
Thu Nov 14, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 9916

Re: Disturbing experience with Ally Bank

Ally standard transfers take three business days.

Is the money there today, Thursday, three days from Monday?
by HueyLD
Thu Nov 14, 2019 7:19 am
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4801

Re: (Sigh) "Wasting" year-old smoke detector batteries...

I have a VERY OLD AM only radio (a family heirloom) that uses 9-V battery. Problem solved. :D
by HueyLD
Thu Nov 14, 2019 7:14 am
Forum: Personal Consumer Issues
Topic: Windows 10 Version 1909
Replies: 9
Views: 1064

Re: Windows 10 Version 1909

I wait as long as possible because update problems tend to be fixed after early adopters report their problems to the MSFT.

In the meantime, iPads work very well.
by HueyLD
Wed Nov 13, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4801

Re: (Sigh) "Wasting" year-old smoke detector batteries...

Since wired detectors are all connected, I found that it is best to replace batteries in all detectors at the same time. That way, they are good for another year and beyond. In addition, our local fire department will send staff out to replace batteries. Thank goodness because I don't like to tackle...
by HueyLD
Tue Nov 12, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary Settings in brokerage accounts
Replies: 13
Views: 781

Re: Beneficiary Settings in brokerage accounts

The OP asked if he could have Fidelity lock up online beneficiary changes.

Well, Fido is open now and the best way to find out is to call them directly.
by HueyLD
Tue Nov 12, 2019 4:16 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4801

Re: (Sigh) "Wasting" year-old smoke detector batteries...

I read a reason WHY they always indicate low battery at 2 AM. 'cause batteries know... :shock: According to smoke alarm makers: When you have a battery that is near the end of its life, it may produce just enough power during the warmth of the day to satisfy the detector. However, when the evening ...
by HueyLD
Tue Nov 12, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: Carbon Monoxide Alarms
Replies: 16
Views: 1218

Re: Carbon Monoxide Alarms

Not a good idea. Your car can produce carbon monoxide when they are running in the garage.
by HueyLD
Tue Nov 12, 2019 12:50 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4801

Re: (Sigh) "Wasting" year-old smoke detector batteries...

One problem with waiting to replace smoke detectors batteries until they give the low battery "chirp" is that if you are out of town for a long time then they may be totally dead and not chirping when you get home. I don't know how long they will chirp for but we frequently travel for several weeks...
by HueyLD
Tue Nov 12, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: $10K wire transfer - loan to son - tax implications?
Replies: 11
Views: 1051

Re: $10K wire transfer - loan to son - tax implications?

The bank will file a CTR with the Treasury Department for amounts in excess of $10k.

No big deal as long as everything is above board.
by HueyLD
Tue Nov 12, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4801

Re: (Sigh) "Wasting" year-old smoke detector batteries...

In the spirit of not creating more trash than necessary, maybe Nisiprius can entertain the idea of buying 10-year batteries?
by HueyLD
Tue Nov 12, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4801

Re: (Sigh) "Wasting" year-old smoke detector batteries...

Here's my approach: - Don't worry about it (especially the 'environmental impact', LOL) - When woken at 3AM to beeping, put in ear plugs - Next day, remove the beeping fire alarm and put it into a box in the garage. Remove old battery and throw it in the trash. YEARS later: - When selling the house...
by HueyLD
Mon Nov 11, 2019 6:11 pm
Forum: Personal Investments
Topic: New Construction Home Purchase
Replies: 17
Views: 1180

Re: New Construction Home Purchase

Unless you know the San Antonio area very well, it is risky to buy in an unfamiliar neighborhood. There is a big difference between visiting an area as a tourist and living in an area as a permanent resident. Having to move twice is not a lot of fun, but having to move out of a neighborhood shortly ...
by HueyLD
Mon Nov 11, 2019 3:58 pm
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 264
Views: 16544

Re: Customer Service with Vanguard

Neilpilot said: “When I retired, I decided to consolidate 7 accounts held at 4 different brokers (including Vanguard). One of my criteria was to select a broker with local office access. Given the customer service issues mentioned by the 9 or so Vanguard customers, it seems that many of the issues t...
by HueyLD
Sun Nov 10, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Cashing EE bonds
Replies: 12
Views: 590

Re: Cashing EE bonds

The interest portion will be shown in box 3 of form 1099-INT.
by HueyLD
Sun Nov 10, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Cashing EE bonds
Replies: 12
Views: 590

Re: Cashing EE bonds

Call or visit your CU or bank first and get as much info as possible.

If you have a bunch of small denomination bonds, you can cash them in batches to save time.

I would avoid converting them to electronic bonds if local financial institutions will cash them.
by HueyLD
Sun Nov 10, 2019 8:07 am
Forum: Personal Investments
Topic: Second home
Replies: 9
Views: 1159

Re: Second home

Affordability won't be a concern as long as you don't spend BIG on the second home. However, you may want to start your snow bird or rain bird residence by renting first. Unless you are so positive that you will love the second home location, it is costly to own a second home and sell within a short...
by HueyLD
Sun Nov 10, 2019 6:39 am
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 39
Views: 2877

Re: Advantages for US persons abroad

The OP said: "Depending on the local taxation, you can slowly roll-over pre-tax IRA/401(k) to Roth, paying little or no income taxes (no state taxes, little federal taxes if foreign income is excluded using the FTC or FEIE." Your understanding is wrong. Here is what the IRS says: "Figuring the tax: ...
by HueyLD
Sat Nov 09, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Basic Medicare Part B 2020 Premium $144.30 ??
Replies: 39
Views: 3025

Re: Basic Medicare Part B 2020 Premium $144.30 ??

$144.60 per Medicare.gov. What a bargain!!!
by HueyLD
Sat Nov 09, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Over 65 Standard deduction MFJ
Replies: 2
Views: 313

Re: Over 65 Standard deduction MFJ

$27,400 (= 24,800 + 1,300 x 2) assuming that both spouses are at least 65.
by HueyLD
Fri Nov 08, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 122
Views: 9394

Re: TurboTax- Always Popular

Does that include a state?
by HueyLD
Fri Nov 08, 2019 11:22 am
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 264
Views: 16544

Re: Customer Service with Vanguard

Gosh, it is so dreadful to read such bad customer service experiences. It appears that Vanguard operates on the "don't call me nor will I call you back" principle. I rarely call them, but if I call and receive such bad services, I will definitely send a letter to the CEO. Where is Jack Bogle's Vangu...
by HueyLD
Fri Nov 08, 2019 11:08 am
Forum: Personal Investments
Topic: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience
Replies: 12
Views: 748

Re: I'd like to buy individual bonds, bills, CDs, etc. simply as a learning experience

I wonder how good Vanguard's tax reporting is for individual fixed income securities.

It would be nice if someone with VBS and individual bonds can provide some insight on how good or bad Vanguard's tax reporting is.
by HueyLD
Thu Nov 07, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: New tables for required distributions
Replies: 12
Views: 939

Re: New tables for required distributions

The IRS has proposed new tables for required distributions from retirement plans and IRAs, effective in 2021: https://s3.amazonaws.com/public-inspection.federalregister.gov/2019-24065.pdf. The new tables reflect the increase in life expectancy since the current tables were issued. Have not read all...
by HueyLD
Thu Nov 07, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2847

Re: Cost basis step up on death of spouse?

I would like to thank Eric for his very insightful and helpful posts. He emphasized one very important point: each state has its unique sets of law even among community property states. Folks need to seek competent legal advice from attorneys in their own state especially when large amounts of asset...
by HueyLD
Thu Nov 07, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Free Turbotax 2019
Replies: 19
Views: 2928

Re: Fidelity Free Turbotax 2019

That is always one of the more entertaining threads of the year--everybody trying to figure out the formula for who gets free Turbotax from Fidelity. :happy I know what you mean, I tried a few times and gave up as the offer didnt show up for me. Did you call your a fidelity rep to ask for it? A fri...
by HueyLD
Thu Nov 07, 2019 7:07 am
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2374

Re: Question on refilling prescriptions

If you live in a hot climate, mail order is a very bad idea because your prescription meds will likely melt in your hot mailbox. And high temps during mail transit can also cause the medicine to degenerate. A bit alarmist. Mail-order in high heat MIGHT impact a few drugs. Most are fine. https://www...
by HueyLD
Thu Nov 07, 2019 5:28 am
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2374

Re: Question on refilling prescriptions

If you live in a hot climate, mail order is a very bad idea because your prescription meds will likely melt in your hot mailbox. And high temps during mail transit can also cause the medicine to degenerate.
by HueyLD
Thu Nov 07, 2019 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Free Turbotax 2019
Replies: 19
Views: 2928

Re: Fidelity Free Turbotax 2019

I have an educated guess on the availability of free 2019 TT from Fido. Due to substantial reduction in revenues from all the zeros, Fido may curtail the free TT offer for year 2019. My guess is that only those with $5M+ or those who have generated certain revenue levels are likely to get such an of...
by HueyLD
Wed Nov 06, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: Smart Garage Door Openers
Replies: 34
Views: 2206

Re: Smart Garage Door Openers

My only concern about smart openers is that the wifi could be hacked.
by HueyLD
Wed Nov 06, 2019 2:44 am
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2847

Re: Cost basis step up on death of spouse?

This is not true in Texas. Here, all property is presumed to be community property unless proven otherwise by clear and convincing evidence. Doesn't matter whether the phrase "community property" appears anywhere in the documentation. Even property titled in one spouse's name only is presumed to be...
by HueyLD
Mon Nov 04, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should Chinese wife keep her China Citizenship?
Replies: 15
Views: 1727

Re: Should Chinese wife keep her China Citizenship?

I think they need to consult an immigration lawyer who is knowledgeable in both Americana and Chinese laws. Those attorneys tend to practice in major coastal cities.

The inheritance law could be a concern if she should lose her PRC citizenship.
by HueyLD
Sun Nov 03, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: My Social Security not sending verification code
Replies: 20
Views: 1157

Re: My Social Security not sending verification code

It worked for me on my iPadOS 13.2 about one minute ago.
by HueyLD
Sun Nov 03, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Fell below ACA eligibility in Medicaid non-expansion state
Replies: 6
Views: 572

Re: Fell below ACA eligibility in Medicaid non-expansion state

Per Form 8962 Instructions: “Estimated household income at least 100% of the federal poverty line. You may qualify for the PTC if your household income is less than 100% of the federal poverty line and you meet all of the following requirements. • You or an individual in your tax family enrolled in ...