Search found 5133 matches

by HueyLD
Sat Dec 09, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2017 Tax Software $9.95 , State $14.95
Replies: 21
Views: 1893

Re: H&R Block 2017 Tax Software $9.95 , State $14.95

Do you not have another computer?
by HueyLD
Sat Dec 09, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5400

Re: Does this happen to you? Educating friends about personal finance

jojay wrote:
Sat Dec 09, 2017 8:31 am
I'm close to the point of just shutting up.
Good idea.

Virtually no one likes unsolicited advice.
by HueyLD
Thu Dec 07, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: SSN on job applications
Replies: 33
Views: 1687

Re: SSN on job applications

When I attempted to sign up for a new utility service, they asked for my SSN and I refused to provide it. They said: "No problem. We can get it some other way."

This is the new reality in life.
by HueyLD
Wed Dec 06, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Deluxe Online for 2017
Replies: 12
Views: 1649

Re: TurboTax Deluxe Online for 2017

You can use the Basic download version for Schedule D.

Or you can switch to another tax software.
by HueyLD
Tue Dec 05, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax bug with Medical Expenses
Replies: 7
Views: 540

Re: Turbo Tax bug with Medical Expenses

Have you reported this to TT?
by HueyLD
Tue Dec 05, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Medicare and retirement for high earner
Replies: 49
Views: 2287

Re: Medicare and retirement for high earner

$686/month isn't alot. Welcome to the world of health insurance, and consider yourself fortunate that you hadn't had to deal with this before now. I am not old enough to go on Medicare. I wish I could buy the policy you have for $686/month. Seriously. +1. A lot of younger people without mega corp i...
by HueyLD
Tue Dec 05, 2017 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Does this constitute a wash sale, and is Vanguard's cost basis accounting correct?
Replies: 20
Views: 985

Re: Does this constitute a wash sale, and is Vanguard's cost basis accounting correct?

I have a different opinion from that of our friend livesoft. Even though VTEAX and VTEB belong to the same class, I don’t think they are substantially identical because VTEAX charges a purchase fee of 0.25%. And in my mind, such a purchase fee is significant enough to render them not substantially i...
by HueyLD
Mon Dec 04, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Home Sale and New Tax Plan
Replies: 3
Views: 491

Re: Home Sale and New Tax Plan

The change will not exempt existing homeowners.

And the exceptions cited in Eric’s link will still apply, but you will have to do the pro ration over five years if done after 2017.
by HueyLD
Mon Dec 04, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: withdraw 457B 2017 or 2018
Replies: 2
Views: 178

Re: withdraw 457B 2017 or 2018

I retired this year at the age of 56 with the intention of using my 457B distribution to pay off my heloc and fund my travel plans for 2018. I read that the 457b was on the table for the proposed Senate tax bill to penalized early withdrawal prior to 59 1/2 . Presently, there is no 10% early withdr...
by HueyLD
Sun Dec 03, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3237

Re: Philanthropy and related issues

Yes, there are many many posts and threads about philanthropy. Many bogleheads are quite generous, but tend not to brag about it. FWIW, I worked many years for a non-profit and charitable contributions were important for my livelihood, so I often encourage folks to make charitable contributions. +1.
by HueyLD
Sat Dec 02, 2017 8:38 pm
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6532

Re: How to convince DW that high miles used car is OK

stan1 wrote:
Sat Dec 02, 2017 8:33 pm
dm200 wrote:
Sat Dec 02, 2017 5:01 pm
Any suggestions?
150K mile car for you
50K mile car for her
Make it 0 mile for her.
by HueyLD
Fri Dec 01, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 3469

Re: housing for in-laws

Stoptothink,

You have my sympathy.
by HueyLD
Fri Dec 01, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 3469

Re: housing for in-laws

In my neighborhood, the most popular new homes built in the last few years are those with an in-law suite. In other words, there is a one bed room apartment with its own garage, bedroom, living room, kitchen and laundry room. And there are separate entries to the apartment and the main part of the h...
by HueyLD
Wed Nov 29, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does Schwab ever offer transfer bonus into existing accounts
Replies: 10
Views: 915

Re: Does Schwab ever offer transfer bonus into existing accounts

Per Schwab website:”3 easy steps to earn your $500 Transfer cash or securities into an existing account, or open a new one. Call 866-855-9102 and mention offer code SchwabAward11. (For new accounts, you can also click the button below.) Make a qualifying net deposit within 45 days. Receive your cash...
by HueyLD
Wed Nov 29, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Fido broken?
Replies: 20
Views: 1154

Re: Fido broken?

I logged in about an hour ago with no issues.

Can phone calls get through?
by HueyLD
Wed Nov 29, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5437

Re: When to tell the SO about my financial situation?

You said she is much younger. How much younger? Are you old enough to be her daddy?
by HueyLD
Tue Nov 28, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: HSA withdrawal for old med bills affects current year med deduction
Replies: 9
Views: 838

Re: HSA withdrawal for old med bills affects current year med deduction

But HSA distributions are not treated the same way as state taxes or real estate taxes. The law clearly allows one to reimburse medical expenses incurred in prior years provided that one was covered by qualified HDHP and did not take medical expense deduction for the amount in question. It was a TT ...
by HueyLD
Tue Nov 28, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: HSA withdrawal for old med bills affects current year med deduction
Replies: 9
Views: 838

Re: HSA withdrawal for old med bills affects current year med deduction

I did this for a friend about three years ago. No problems so far. I guess the IRS is satisfied with the attached statement.
by HueyLD
Tue Nov 28, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: HSA withdrawal for old med bills affects current year med deduction
Replies: 9
Views: 838

Re: HSA withdrawal for old med bills affects current year med deduction

I encountered such a situation once and the work around was to increase the medical expenses on Sch. A by the amount of HSA withdrawal so that the end result came out correctly.

I attached a statement to indicate what I did. It is unfortunate that TT has not fixed this problem.
by HueyLD
Tue Nov 28, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B premium unchanged for 2018
Replies: 52
Views: 3644

Re: Medicare Part B premium unchanged for 2018

Have you considered moving to a country with a good and affordable healthcare system?

If you have a connection to such a country, it can be a very good move.
by HueyLD
Sun Nov 26, 2017 10:37 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: Paying for meals out & out of town guests
Replies: 79
Views: 5533

Re: Etiquette question: Paying for meals out & out of town guests

Isn't there some sort of fundamental etiquette that's taught during adolescence? When you're a guest, you bring a gift of some sort? Think this might be lost in the younger generation I am part of...live in NYC and we constantly have friends (some close some not so close) asking to stay. We have th...
by HueyLD
Sun Nov 26, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: The annoying insistence on frivolous credit checks/pulls
Replies: 35
Views: 3187

Re: The annoying insistence on frivolous credit checks/pulls

I bought car with cash (well, technically whatever amount they were willing to put on a credit card, and a personal check for the rest) a few years ago and the dealership still insisted on doing a hard pull on my credit. Personal check was the problem. They had no way of knowing if the check was an...
by HueyLD
Sun Nov 26, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Estimating Cost basis
Replies: 6
Views: 360

Re: Estimating Cost basis

As I have posted here before, and had my knuckles rapped by a few, assuming a basis of zero is crazy. Quite simply, as had been discussed above, you can do better than that. The IRS will accept a reasonable estimate whereas using zero is giving away too much. As I have done on many occasions with c...
by HueyLD
Sun Nov 26, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 51
Views: 4490

Re: medicare premium amount

Having worked for OPM way back when it was the CSC (Civil Service Commission) and having dealt with them as an federal HR Officer, their quality of advice is variable and sometimes not correct. I agree with your assessment of variable advice. However, here is the relevant section of the Social Secu...
by HueyLD
Sun Nov 26, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 51
Views: 4490

Re: medicare premium amount

I helped out a family member with his CSRS pension and SS premium deduction. The OPM sent him an email indicating that the SS premium must be deducted from his federal pension citing Sec 1839. In addition, the instruction to deduct SS premium from his pension had to come from the CMS, not from the a...
by HueyLD
Sun Nov 26, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Setting up a Vanguard account [Taiwan]
Replies: 6
Views: 431

Re: Setting up a Vanguard account [Taiwan]

You cannot open a Vanguard account as a Taiwanese resident. However, you may be able to do so in Hong Kong.


See global.vanguard.com.
by HueyLD
Fri Nov 24, 2017 6:36 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Screwed Up My Cost Basis - FIFO Instead of Spec ID
Replies: 12
Views: 1471

Re: Vanguard Screwed Up My Cost Basis - FIFO Instead of Spec ID

Noobvestor,

Is your account the old mutual fund only account or the "new and improved" brokerage account?
by HueyLD
Fri Nov 17, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 2803

Re: Risks of Non-ACA Compliant Health Insurance?

Do you have access to employer provided insurance in the near future?

If not, can you get a job that pays very little, but provides relatively good insurance coverage?

I feel your pain.
by HueyLD
Sun Nov 12, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Home mortgage, partner doubts?
Replies: 40
Views: 3001

Re: Paying off Home mortgage, partner doubts?

Kind of weird question.. Would a typical BH homeowner inform wife that you will be paying off mortgage? I do plan to inform her after few months .. Her reasons 1) everyone has a mortgage, 2) you can get more RoR on other investments (mortgage is 3% with 10 yrs remaining), 3) can save as down paymen...
by HueyLD
Sat Nov 11, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Risk of all eggs in one (brokerage) basket
Replies: 14
Views: 1773

Re: Risk of all eggs in one (brokerage) basket

At the same time, perhaps you should also take a look at this thread: https://www.bogleheads.org/forum/viewtopic.php?t=228799 It's always possible that something could go wrong with your specific account, either by fraud or perhaps just by an error. Even if you eventually manage to get it back, dep...
by HueyLD
Wed Nov 08, 2017 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 5510

Re: Eye Doctor $30 to get your Rx? Is this normal?

...Yes this is normal. Every single ophthalmologist that I'm aware of charges for refractions... I don't think you read the original post. The refraction had already been done. The $30 charge was assessed in the optical shop as the cost of giving her the prescription that the shop already had. That...
by HueyLD
Tue Nov 07, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1138

Re: Amortize Premium Munis to Call Date or Maturity Date?

I need to clarify the following. If a premium bond is sold before maturity or call date, the unamortized premium up to the date of sale is part of the basis (adjusted book value) before sale and the difference between the market value and the adjusted book value is the gain or loss. That's what I sh...
by HueyLD
Tue Nov 07, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1138

Re: Amortize Premium Munis to Call Date or Maturity Date?

You can try to look at Pub. 550, but I don't think it is obvious there. What I stated above is basically an accounting 202 subject. Sorry it is too advanced to be 101. As with almost everything, there are always exceptions. One exception is for a bond with a clearly stated redemption date ahead of t...
by HueyLD
Tue Nov 07, 2017 10:31 am
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1138

Re: Amortize Premium Munis to Call Date or Maturity Date?

When a bond is called, it is similar to when a bond is sold before maturity. At which time, you write off the unamortized premium.

This is not anything new.
by HueyLD
Tue Nov 07, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Any Big Fidelity Brokerage Bonuses?
Replies: 7
Views: 1222

Re: Any Big Fidelity Brokerage Bonuses?

euroswiss wrote:
Tue Nov 07, 2017 10:02 am
Update: just heard from Fidelity that their cash incentives are back ($2500 for $1000000 Transfer going up to $5000 for 5 mil)

https://rewards.fidelity.com/offers/cashdepositbonus
It is obvious that Fido wants millionaires. No more cash bonus for little Joe's.
by HueyLD
Tue Nov 07, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1138

Re: Amortize Premium Munis to Call Date or Maturity Date?

The IRS says: "For bonds issued after September 27, 1985, you must amortize bond premium using a constant yield method on the basis of the bond's yield to maturity, determined by using the bond's basis and compounding at the close of each accrual period." Fidelity does it according to the IRS guidan...
by HueyLD
Tue Nov 07, 2017 6:14 am
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1138

Re: Amortize Premium Munis to Call Date or Maturity Date?

In the year a bond is called, the remaining premium is amortized down to zero.

And Schwab should provide that information on their tax reporting forms.
by HueyLD
Mon Nov 06, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple direct 401(k) rollovers in same calendar year?
Replies: 8
Views: 550

Re: Multiple direct 401(k) rollovers in same calendar year?

According to the IRS: Beginning in 2015, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own (Announcement 2014-15 and Announcement 2014-32). The limit will apply by aggregating all of an individual’s IRAs, includin...
by HueyLD
Mon Nov 06, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: Amortize Premium Munis to Call Date or Maturity Date?
Replies: 18
Views: 1138

Re: Amortize Premium Munis to Call Date or Maturity Date?

The correct method is to amortize the premium to the maturity date because a callable bond may or may not be called. Even when they are called, they may not be called on the first callable date.

Just take the numbers provided to you by Schwab.
by HueyLD
Sun Nov 05, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Is 15,000 new gift tax limit=Higher 529 contribution?
Replies: 6
Views: 882

Re: Is 15,000 new gift tax limit=Higher 529 contribution?

Unlike IRAs or 401(k)s, there are no annual contribution limits for 529 plans. However, there are maximum aggregate limits, which vary by plan. Under federal law, 529 plan balances cannot exceed the expected cost of the beneficiary's qualified higher educatiributionon expenses. Limits vary by state...
by HueyLD
Sun Nov 05, 2017 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Lets talk emergency funds and I-bonds
Replies: 23
Views: 2116

Re: Lets talk emergency funds and I-bonds

To me the whole idea of "emergency funds" is accessibility/liquidity. Thus, for "First tier": cash, high yield accts, CD's, money market, etc. Anywhere from 3-5X. Huge sleep factor :D You can get cash in hand at my bank in less than half hour with paper savings bond That's interesting. I did not kn...
by HueyLD
Sat Nov 04, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: 529 question: Are stipends given for MD-PhDs considered as scholarships ?
Replies: 17
Views: 1558

Re: 529 question: Are stipends given for MD-PhDs considered as scholarships ?

Stipends can mean scholarships. The usual rule is that if the student is required to perform services such as teaching, research or other services as a condition of receiving such payments, the stipends will be taxed as wages. If your DD's stipends are taxable, then the stipends will not reduce your...
by HueyLD
Sat Nov 04, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Out of network care
Replies: 86
Views: 5268

Re: Out of network care

If you are in good health and only need preventative care a HMO is great. If you are sick, it may be a completely different story/ nightmare. While I like the Kaiser model, I have been underwhelmed by their care. Our experience differs greatly. This thread clearly shows how true the YMMV is!! My ex...
by HueyLD
Fri Nov 03, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Accidentally bought $20,000 worth of I Bonds
Replies: 17
Views: 4668

Re: Accidentally bought $20,000 worth of I Bonds

On a serious note, here is a quick update after contacting them on the website: Hello, TreasuryDirect accounts are monitored for excess purchases. A report is generated regarding this issue and the account is reviewed. If, after review, it is determined that the purchase was a first offense the pur...
by HueyLD
Fri Nov 03, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Foreign beneficiary on IRA options
Replies: 5
Views: 312

Re: Foreign beneficiary on IRA options

2) Removing aunt from the ira beneficiary list totally, distribute the roth ira between the siblings without taxes and then gifting 14k yearly each to the aunt until we reach the correct split, factoring in some level of interest from a short term bond investment or something similar. siblings go d...
by HueyLD
Fri Nov 03, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Buying/Selling I-Bonds and taxes
Replies: 10
Views: 1313

Re: Buying/Selling I-Bonds and taxes

I still don't see an answer to this question, about whether it would be MAGI. I've also wondered whether it would count as income for college financial aid forms, like the FAFSA. I know nothing about NY taxes. But the excluded interest is not included in federal AGI or MAGI for your purpose. As to ...
by HueyLD
Fri Nov 03, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Thank you LadyGeek for this very useful spreadsheet!
Replies: 8
Views: 2428

Re: Thank you LadyGeek for this very useful spreadsheet!

KSActuary wrote:
Fri Nov 03, 2017 10:03 am
Where did you find the original spreadsheet. The image is a jpg.
Same question here. Will either the OP or LadyGeek please provide a link to the spreadsheet?