Search found 7016 matches

by HueyLD
Sun Sep 22, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes for selling gold coins
Replies: 41
Views: 1896

Re: Paying taxes for selling gold coins

Hi, I was wondering if I have to pay taxes on selling gold bullion in the form of coins that I would receive from my parents residing in another country (continent Asia). So, get a few gold coins ( less than $10k, I know if it's more than 10k I need to declare it to customs) at US port of entry ) a...
by HueyLD
Sun Sep 22, 2019 4:13 pm
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 19
Views: 1123

Re: Should I buy I-bonds when I'm >30 years from retirement?

[OT comment removed by Moderator Misenplace.] My purpose of posting was to encourage the diversification aspect of investing. I never suggested that the OP put all his eggs in a savings bond basket. I only suggested that putting some of his portfolio in savings bonds may be a workable investment st...
by HueyLD
Sun Sep 22, 2019 3:48 pm
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 19
Views: 1123

Re: Should I buy I-bonds when I'm >30 years from retirement?

Hi Dr. Bucket, My wonderful former dentist was forced into early retirement at age 40 due to traffic accident. He was an absolutely fantastic dentist and I miss him dearly. He is now on social security disability and has scaled down his life due to a substantial reduction in income. One never knows ...
by HueyLD
Sun Sep 22, 2019 1:46 pm
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 19
Views: 1123

Re: Should I buy I-bonds when I'm >30 years from retirement?

I never said that the OP's concern was not valid. Stuff happens in life and may show up unexpectedly. When one suddenly loses his job, his income could drop so much that there is no income tax liability for up to certain amount of AGI. With the low annual purchase limit of $10k, the impact on taxabl...
by HueyLD
Sun Sep 22, 2019 12:25 pm
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 19
Views: 1123

Re: Should I buy I-bonds when I'm >30 years from retirement?

You may retire a lot earlier than you imagine.

And the decision to retire early may not be voluntary.

With that in mind, you may want to start investing in savings bonds.
by HueyLD
Sun Sep 22, 2019 12:19 pm
Forum: Personal Investments
Topic: Login to SSA.gov is a PAIN but ...
Replies: 9
Views: 848

Re: Login to SSA.gov is a PAIN but ...

It's called two factor verification and can be set-up at many organizations, Fidelity included. I believe i have the two Factor set up but just trying to figure out a way I would be notified if my MONEY was moving out of my accounts. If you account gets hacked they would be start enough to disable ...
by HueyLD
Sat Sep 21, 2019 12:39 pm
Forum: Personal Investments
Topic: Ally CD, funding it few days after opening it
Replies: 8
Views: 788

Re: Ally CD, funding it few days after opening it

I had an instance where the rate dropped after the CD opening date, but the CD was funded within the 10-day window.

Ally honored the higher rate without any intervention from me.
by HueyLD
Sat Sep 21, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: NCUA Insurance for joint ownership
Replies: 4
Views: 263

Re: NCUA Insurance for joint ownership

You need to click on the red X and read the instructions.

Yes, the insurance coverage is $400k after you read the instructions.
by HueyLD
Sat Sep 21, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: CMS direct debit hit twice [Medicare]
Replies: 18
Views: 1061

Re: CMS direct debit hit twice

Oh goodness, you are not alone. I just logged into my bank account and sure enough I got hit twice. Fortunately, I have enough money in my account to absorb the additional withdrawal. Hopefully the double whammy gets fixed very soon. Ahhh, me too! Double debits. Thx BHs for the heads up. Just so ha...
by HueyLD
Sat Sep 21, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: CMS direct debit hit twice [Medicare]
Replies: 18
Views: 1061

Re: CMS direct debit hit twice

Is this a debit for Medigap or Medicare Advantage you're talking about? (I have Plan B and Plan D taken out of my Social Security before the SS is deposited in my checking account, and pay Medigap once annually to get the discount and avoid hassle.) This is for those who have not started collecting...
by HueyLD
Sat Sep 21, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: CMS direct debit hit twice [Medicare]
Replies: 18
Views: 1061

Re: CMS direct debit hit twice

Oh goodness, you are not alone.

I just logged into my bank account and sure enough I got hit twice.

Fortunately, I have enough money in my account to absorb the additional withdrawal.

Hopefully the double whammy gets fixed very soon.
by HueyLD
Fri Sep 20, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone converted paper I-Bonds to electronic?
Replies: 36
Views: 3485

Re: Has anyone converted paper I-Bonds to electronic?

In TD, the second named owner is NOT a co-owner. Rather, (s)he is a secondary owner and has no rights unless the primary owner specifically grants transaction rights to the secondary owner. And keep in mind that having transaction rights is not the same as being a co-owner because the secondary has ...
by HueyLD
Fri Sep 20, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Form Required?
Replies: 6
Views: 349

Re: Gift Tax Form Required?

In that case, have our wife sign the check to give half of the $60k. It is better to make the intention clear upfront.

It may not be a taxable event, but filing form 709 is not exactly easy for most people.
by HueyLD
Fri Sep 20, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Take out HELOC or sell bonds for private investment?
Replies: 20
Views: 600

Re: Take out HELOC or sell bonds for private investment?

The 3.76% is YTD total return, not the yield. To be comparable to the HELOC rate of 4%, you need to use the yield (TTM) of 1.96% or the SEC yield of 1.36%. I think it is a good compromise to use both low yielding debt and HELOC in your situation. I think a lot of people are uncomfortable using their...
by HueyLD
Fri Sep 20, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Form Required?
Replies: 6
Views: 349

Re: Gift Tax Form Required?

Van,

Do you live in a community property state? If so, gifts made from community funds are automatically split between the spouses and ther is no need to file the form to declare gift split.
by HueyLD
Fri Sep 20, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Take out HELOC or sell bonds for private investment?
Replies: 20
Views: 600

Re: Take out HELOC or sell bonds for private investment?

Cherijoh, Investment interest expense (IIE) is still allowed as an itemized deduction even though the calculation is different after 2017. See IRS form 4952 and instructions for detail. And investment expenses (IE) are no longer deductible because of the elimination of the misc. itemized deductions ...
by HueyLD
Fri Sep 20, 2019 12:49 pm
Forum: Personal Investments
Topic: Ally CD, funding it few days after opening it
Replies: 8
Views: 788

Re: Ally CD, funding it few days after opening it

Ally bank says:

“With Ally Bank’s Ten Day Best Rate Guarantee, you automatically get the best rate we offer for your CD during the first 10 days, starting with your open or renewal date, if you fund your CD within that time.”

https://www.ally.com/help/bank/cd-ladders.html
by HueyLD
Fri Sep 20, 2019 10:37 am
Forum: Personal Investments
Topic: How to Interpret a Zero Coupon Municipal Bond
Replies: 44
Views: 2273

Re: How to Interpret a Zero Coupon Municipal Bond

Your interpretation is different from mine. And let’s agree to disagree. The end!
by HueyLD
Fri Sep 20, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Take out HELOC or sell bonds for private investment?
Replies: 20
Views: 600

Re: Take out HELOC or sell bonds for private investment?

My medical group is expanding and there's a new investment opportunity in a new medical center. The last time this occurred, I was able to invest and overall value doubled in the first year with yields 20-30% thereafter. This time around, I do not have a lot of cash to invest but would like to inve...
by HueyLD
Fri Sep 20, 2019 9:42 am
Forum: Personal Investments
Topic: How to Interpret a Zero Coupon Municipal Bond
Replies: 44
Views: 2273

Re: How to Interpret a Zero Coupon Municipal Bond

I still remember the dramatic bankruptcy in 1994 by Orange County, CA and the major jolts to the muni market. The zero munis issued by OC were among the hardest hit and wire houses in my area were screaming “bargain hunting” to their customers. For those who sold amid the crisis suffered major losse...
by HueyLD
Fri Sep 20, 2019 9:19 am
Forum: Personal Investments
Topic: How to Interpret a Zero Coupon Municipal Bond
Replies: 44
Views: 2273

Re: How to Interpret a Zero Coupon Municipal Bond

+1 for Artsdoctor’s comments.
by HueyLD
Fri Sep 20, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone converted paper I-Bonds to electronic?
Replies: 36
Views: 3485

Re: Has anyone converted paper I-Bonds to electronic?

Harry, Paper bonds may be very difficult to redeem at local banks as I found out the hard way myself. As more and more banks choose to either not redeem them or put up ridiculously low redemption limits to make it impossible redeem, it is only going to get more difficult in the future. Of course som...
by HueyLD
Fri Sep 20, 2019 12:25 am
Forum: Personal Investments
Topic: How to Interpret a Zero Coupon Municipal Bond
Replies: 44
Views: 2273

Re: How to Interpret a Zero Coupon Municipal Bond

I think the only zero product that's investment worthy is Treasury zero. Of course Uncle Sam can also default on the payments, but the probability is much lower because it can print money. I have a fair number of nits to pick with that. I will start off with the fact that the Treasury has not issue...
by HueyLD
Fri Sep 20, 2019 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone converted paper I-Bonds to electronic?
Replies: 36
Views: 3485

Re: Has anyone converted paper I-Bonds to electronic?

It looks my conversion account lists my I bonds that were converted as "A OR B." My primary TD account lists my I bonds that I purchased electronically as "A WITH B." If I move my conversion account I bonds to my primary account, will they retain the "OR" registration? Also, what is the difference ...
by HueyLD
Thu Sep 19, 2019 5:56 pm
Forum: Personal Investments
Topic: How to Interpret a Zero Coupon Municipal Bond
Replies: 44
Views: 2273

Re: How to Interpret a Zero Coupon Municipal Bond

Not too long ago, I read in a business publication about zero munis. It appears that distressed municipalities discovered the beauty of zero munis because they don't have to deal with ongoing cashflow problems until the bond maturities years later. Not a pretty picture for sure. I think the only zer...
by HueyLD
Thu Sep 19, 2019 2:45 pm
Forum: Personal Consumer Issues
Topic: 2 Year-Old Trane HVAC, 0 Refrigerant
Replies: 11
Views: 1008

Re: 2 Year-Old Trane HVAC, 0 Refrigerant

I replaced my HVAC with a brand new system less than two years ago. Last week the AC stopped. I had it serviced (by a different company than who installed it). They said my refrigerant was completely empty, and that it would cost on the order of ~$50/lb to fill for 8 lbs and advised me to contact t...
by HueyLD
Thu Sep 19, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone converted paper I-Bonds to electronic?
Replies: 36
Views: 3485

Re: Has anyone converted paper I-Bonds to electronic?

I did not write that. The TD did.

If all you want to do is to merge the conversion account into your primary TD account, you essentially make a gift to yourself. No problems whatsoever.
by HueyLD
Thu Sep 19, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone converted paper I-Bonds to electronic?
Replies: 36
Views: 3485

Re: Has anyone converted paper I-Bonds to electronic?

“There is this note on the confirmation page: "By clicking the SUBMIT button below: I understand these securities will be removed from my account and transferred to the recipient's TreasuryDirect account. I further understand that this transfer may result in a tax liability. I also certify that this...
by HueyLD
Thu Sep 19, 2019 8:08 am
Forum: Personal Investments
Topic: Should We Roll Over Our TSP Accounts?
Replies: 9
Views: 748

Re: Should We Roll Over Our TSP Accounts?

I believe the non-spouse can also have the TSP account transferred to their inherited IRA without paying taxes. Per https://www.tsp.gov/PDF/formspubs/tspbk31.pdf “Non-spouse Beneficiary. A beneficiary who is not a surviving spouse cannot retain a TSP account. The death benefit payment will be made ...
by HueyLD
Thu Sep 19, 2019 7:55 am
Forum: Investing - Theory, News & General
Topic: Management Fees [for an over-]55 Community Reserve Fund
Replies: 32
Views: 1659

Re: Management Fees 55 Community

The title of this thread is not clear at all. My initial impression was that the OP made a grammatical error by using singular form ILO plural form for 55 communities. And my second impression was that some management was trying to charge fees to 55 communities. OP, please edit your title for clarity.
by HueyLD
Wed Sep 18, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: How is IRMAA determined
Replies: 11
Views: 1017

Re: How is IRMAA determined

The rules for calculating IRMAA brackets can be found in this law. https://www.ssa.gov/OP_Home/ssact/title18/1839.htm The law: "If any dollar amount after being increased under subparagraph (A) is not a multiple of $1,000, such dollar amount shall be rounded to the nearest multiple of $1,000.” "In t...
by HueyLD
Sat Sep 14, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 32
Views: 2558

Re: social security benefit - confused about choosing start date

The story is unbelievable, vested1.

Maybe he should have contacted his congressperson to help with a resolution. It is also,possible he got the days mixed up.
by HueyLD
Sat Sep 14, 2019 6:44 am
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 32
Views: 2558

Re: social security benefit - confused about choosing start date

Vested1 said: "For example, the relatives of someone who dies at the end of July have to pay back the June benefit to SS that was paid on the second or third Wednesday of July. This always struck me as unnecessarily cruel at a time of grieving." That's not true. Here is what the SSA says in https://...
by HueyLD
Sat Sep 14, 2019 6:31 am
Forum: Personal Investments
Topic: How to get 10 year cumulative return on TSP account
Replies: 14
Views: 1166

Re: How to get 10 year cumulative return on TSP account

https://www.tsp.gov/PDF/formspubs/oc05-16w.pdf This TSP publication shows you how to calculate multi-year cumulative return. Thanks for your reply . Looks complicated And I am not good at Math 🙁 But will give it a try with my high school kids help ! You don't need to be good at math. You just need ...
by HueyLD
Fri Sep 13, 2019 9:39 pm
Forum: Personal Investments
Topic: How to get 10 year cumulative return on TSP account
Replies: 14
Views: 1166

Re: How to get 10 year cumulative return on TSP account

https://www.tsp.gov/PDF/formspubs/oc05-16w.pdf

This TSP publication shows you how to calculate multi-year cumulative return.
by HueyLD
Fri Sep 13, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: FDIC Insurance
Replies: 3
Views: 468

Re: FDIC Insurance

Yes, it is correct. "When calculating coverage for revocable trust accounts, keep in mind that: Coverage is based on the number of beneficiaries (and, if the account has six or more beneficiaries, the interests of the beneficiaries) named by each owner. Additional coverage is not provided for the tr...
by HueyLD
Sun Sep 08, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Banks requiring fingerprint on a check for non-customers to receive cash
Replies: 87
Views: 5637

Re: Banks requiring fingerprint on a check for non-customers to receive cash

According to the Federal Reserve https://www.federalreserveconsumerhelp.gov/findananswer/can-a-bank-really “There is no federal law that requires a bank to cash a check, even a government check. Some banks only cash checks if you have an account at the bank. Other banks will cash checks for non-cust...
by HueyLD
Tue Sep 03, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: $10,000 Safe Harbor on Family Loan?
Replies: 4
Views: 571

Re: $10,000 Safe Harbor on Family Loan?

Read this https://www.law.cornell.edu/uscode/text/26/7872 and it should answer your questions. Make sure you read it from top to bottom.
by HueyLD
Mon Sep 02, 2019 9:55 am
Forum: Personal Investments
Topic: Bank Financial Planner Suggests Market Linked CD
Replies: 11
Views: 858

Re: Bank Financial Planner Suggests Market Linked CD

OP said: "Family believes that the bank will guarantee a minimum 3% interest rate (I'm not sure they heard that correctly) on 5 year market linked CD." "Belief" is not something to rely upon for investments. The family needs to ask for such guarantee in WRITING signed by both the sales(con)man and b...
by HueyLD
Mon Sep 02, 2019 5:55 am
Forum: Personal Consumer Issues
Topic: Not gaining weight on vacation?
Replies: 115
Views: 5490

Re: Not gaining weight on vacation?

After having a big breakfast, you can either skip the lunch or eat some fruits for lunch to give your digestive system a break. And never eat a big meal for dinner except maybe once per week. And of course do a lot of walking and other exercise routine to get in shape and burn some fat off.
by HueyLD
Sun Sep 01, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds - How Your Spouse can Quickly Cash in I Bonds
Replies: 51
Views: 3837

Re: I Bonds - How Your Spouse can Quickly Cash in I Bonds

Mel, It is unfortunate, but banks in my area no longer want to redeem paper bonds. They make it difficult by either limiting the amount per day to a low amount (such as $1,000), refusing to do so for non-customers, or outright not doing it. The major CU in town fortunately still performs redemptions...
by HueyLD
Sun Sep 01, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds - How Your Spouse can Quickly Cash in I Bonds
Replies: 51
Views: 3837

Re: I Bonds - How Your Spouse can Quickly Cash in I Bonds

"What is the minimum amount allowable for a redemption? Only an account owner, or a grantee with Transact rights, can redeem an EE or I Bond. If you are partially redeeming an EE or I Bond, you must redeem at least $25, and may not leave less than $25 of redemption value as the remainder of the held...
by HueyLD
Sat Aug 31, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: How to make SWIFT payment inexpensively
Replies: 10
Views: 677

Re: How to make SWIFT payment inexpensively

I assume that free international wires are only available to Private Access clients, right?
by HueyLD
Fri Aug 30, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Co-sponsoring an immigrant's sick family member [Updated]
Replies: 47
Views: 4520

Re: Co-sponsoring an immigrant's sick family member

Why would anyone volunteer to take on unlimited potential liability under such a circumstance? Think about your own financial security first because you do not have enough resources to fight the USCIS that has unlimited budget. Good gosh, have you ever heard of this expression "no good deed goes unp...
by HueyLD
Fri Aug 30, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Banks requiring fingerprint on a check for non-customers to receive cash
Replies: 87
Views: 5637

Re: Banks requiring fingerprint on a check for non-customers to receive cash

At least the BofA cashed a check submitted by a non-customer. My bank will not cash anything for a non-customer.
by HueyLD
Thu Aug 29, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance shopping - good alternative to State Farm for auto, home, umbrella
Replies: 20
Views: 1295

Re: Insurance shopping - good alternative to State Farm for auto, home, umbrella

Find a highly rated independent agent and give the agent your search criteria.
by HueyLD
Wed Aug 28, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax Aid Volunteering for AARP or VITA
Replies: 52
Views: 2663

Re: Tax Aid Volunteering for AARP or VITA

One thing that bothers me every year is how most of our clients who have a portfolio have a financial "guy" who has put them in high expense funds. Sometimes those accounts are churned. I think in my 12 years of volunteering I've had 3 clients who owned Vanguard funds. We are not allowed to give fi...
by HueyLD
Tue Aug 27, 2019 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Tax Aid Volunteering for AARP or VITA
Replies: 52
Views: 2663

Re: Tax Aid Volunteering for AARP or VITA

I have to disagree with one of the posters below who talked about country club buddies.. Sure, feel free to disagree but I did say that it was location specific. I will not mention the specific location, but we have Tax-Aide locations within very posh country club based retirement communities and t...
by HueyLD
Mon Aug 26, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Aid Volunteering for AARP or VITA
Replies: 52
Views: 2663

Re: Tax Aid Volunteering for AARP or VITA

VITA has a upper income limit, but AARP Tax-Aide does not have any limit on income. It is obviously location dependent, but you could be preparing free tax returns for multi-millionaires as a tax aide in some locations. Some volunteers quit in disgust because they were forced to do freebies for thos...
by HueyLD
Fri Aug 23, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Foundation Repair Questions
Replies: 11
Views: 993

Re: Foundation Repair Questions

Walk around the garage with the door open and look carefully for a small box imprint on the perimeter of the garage. If it says something like “POST TENSION SLAP DO NOT CUT OR GORE” then you know you have a floor that cannot be drilled into. The engineer should be fully aware of this peculiar floor....