Search found 4897 matches

by HueyLD
Sat Jun 24, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Treasury Direct - only one beneficiary allowed
Replies: 6
Views: 787

Re: Treasury Direct - only one beneficiary allowed

friar1610 wrote:If one of us dies they will obviously all end up in the name of the survivor. At that time can the survivor (who would then be primary owner of all of them) add a new beneficiary?

Yes, the survivor will just have to fill out a form.
by HueyLD
Sat Jun 24, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: How to fill out W4 so no taxes are withheld?
Replies: 7
Views: 453

Re: How to fill out W4 so no taxes are withheld?

Forces her? She may not be so inclined.

However, it is a good idea if it works.
by HueyLD
Sat Jun 24, 2017 8:10 am
Forum: Personal Finance (Not Investing)
Topic: How to fill out W4 so no taxes are withheld?
Replies: 7
Views: 453

Re: How to fill out W4 so no taxes are withheld?

Enter "exempt" on line 7 and give the form to her employer.
by HueyLD
Sat Jun 24, 2017 4:24 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX dividend error?
Replies: 21
Views: 1797

Re: VTSAX dividend error?

Vanguard has had such display errors for a while and their in-house IT department appears to be incapable of fixing the known issues.

I guess Vanguard needs to hire IT personnel from Fidelity or Schwab.

FWIW, those with mutual funds only accounts do not have such display problems.
by HueyLD
Thu Jun 22, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Sending money and confirming receipt?
Replies: 18
Views: 990

Re: Sending money and confirming receipt?

Wire transfer is the most secured method and the originating bank's record of sending is about as good as gold. The money gets to the recipient's account typically within the same day.

You can ask the recipients to send you an email or give you a call to confirm the receipt.
by HueyLD
Thu Jun 22, 2017 10:17 am
Forum: Personal Consumer Issues
Topic: Please explain how Medicare Billing works?
Replies: 62
Views: 3749

Re: Please explain how Medicare Billing works?

I called the billing department at my doctor's office and got a voicemail. I think that they don't work on a Wednesday. I left an irritated message for them to get the billing code correct! As I am frustrated, I decided to do a formal appeal. I am writing a letter telling them that the billing code...
by HueyLD
Tue Jun 20, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Reporter doing story on delaying sales of assets because of possible lower tax rates
Replies: 8
Views: 696

Re: Reporter doing story on delaying sales of assets because of possible lower tax rates

I think the BH forum's rule is better. I don't act on possible changes in tax law because there is virtually no way to predict the outcome.
by HueyLD
Tue Jun 20, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Ally no penalty 11 month CD rate increased to 1.50% this morning
Replies: 50
Views: 5537

Re: Ally no penalty 11 month CD rate increased to 1.50% this morning

nalor511 wrote:Anyone opened a new Ally membership and funded CD all in one swoop (if that's possible)? How long did it take?

Call Ally. It can be all taken care of over the phone.
by HueyLD
Tue Jun 20, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 37
Views: 4428

Re: Ally Bank No penalty CD for parking cash, is there a catch?

I asked if the higher rate would be applied automatically, and when I'd see it (still showing 1.35% as of now). He said the rate would be applied automatically, and I should see it updated by tomorrow. My impression is that their employee training is not that great and one may get different answers...
by HueyLD
Tue Jun 20, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Unable to Access POA in Revocable Trust
Replies: 30
Views: 1726

Re: Unable to Access POA in Revocable Trust

Couldn't the hospital have used the patient's credit card? (Obviously not, but I'm not sure why not.) My guess is that the patient was incapacitated and unable to sign. It is a well known issue that some patients disputed the credit card charges upon returning to their home countries. Some U.S. hos...
by HueyLD
Tue Jun 20, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 37
Views: 4428

Re: Ally Bank No penalty CD for parking cash, is there a catch?

robertmcd wrote:Do I need to contact them to get my rate bumped since I am in the 10 day window?

Yes, you should.
by HueyLD
Tue Jun 20, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 37
Views: 4428

Re: Ally Bank No penalty CD for parking cash, is there a catch?

marcopolo wrote:
MikeG62 wrote:Rate increased to 1.50% this morning on the no penalty CD!


Thanks for the update!

My procrastination in getting the money transferred to Ally seems to have paid off.

No necessarily. You can get the 10-day rate guarantee.
by HueyLD
Mon Jun 19, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: American Expat: Opt to pay 5,500 of tax to qualify for IRA?
Replies: 6
Views: 600

Re: American Expat: Opt to pay 5,500 of tax to qualify for IRA?

Will your foreign earned income for 2017 be greater than 102,100?
by HueyLD
Mon Jun 19, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on dividends for foreign investors
Replies: 1
Views: 141

Re: Taxes on dividends for foreign investors

No. Tax-exempt income is not subject to withholding requirement. The IRS says: Beginning on July 1, 2014, a withholding agent must withhold on a payment of U.S. source FDAP income that is a withholdable payment to which an exception does not apply. FDAP income is all income except: Gains from the sa...
by HueyLD
Sat Jun 17, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank No penalty CD for parking cash, is there a catch?
Replies: 37
Views: 4428

Re: Ally Bank No penalty CD for parking cash, is there a catch?

When you redeem a CD early, the balance (P&I) can be transferred to your online savings at Ally immediately. And you can turn around and open a new CD with the money. However, opening a new CD doesn't mean an account will be opened right away, especially if you have entity accounts such as a UTM...
by HueyLD
Thu Jun 15, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 108
Views: 16738

Re: Ally Bank - Is this a safe/best place to stash some cash?

Am I right to assume that if I specified the CDs' interest to go back into the CDs, I will not get taxable interest income until the CDs mature? Victoria Bad assumption, alas. Compounded interest is taxable in the year that it was paid. I get a 1099 INT every year for my Ally CDs. Do you mean that ...
by HueyLD
Thu Jun 15, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity IRA charging 5$/mo as fees
Replies: 10
Views: 992

Re: Fidelity IRA charging 5$/mo as fees

It appears that the OP has monthly automatic investments into non-NTF funds. Fidelity says: "Fidelity does not charge a fee for automatic investments in Fidelity funds or No Transaction Fee (NTF) FundsNetwork funds. After the initial investment, a $5 fee is charged per automatic investment into...
by HueyLD
Tue Jun 13, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4729

Re: Curious to odd estate question

What does this thread have anything to do with investing theory, news & general?
by HueyLD
Tue Jun 13, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Fisher says Mutual Funds are Risky
Replies: 32
Views: 2257

Re: Fisher says Mutual Funds are Risky

Help! I am being hounded by Fisher Investments. They are trying to convince me that mutual funds are risky since they don't take advantage of market highs. I am told they also trade a lot which raises costs. Fisher is advising me to buy a 100% stock portfolio managed by them which will return high ...
by HueyLD
Tue Jun 13, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: House softener system
Replies: 36
Views: 1972

Re: House softener system

In the garage, to the left of the hot water heater, we have a pipe coming out of the wall and going back into the wall (about 10.5" apart). And in between is another pipe coming out and the end is closed off. Water for our irrigation system is separate from the house water. Will contact a loca...
by HueyLD
Tue Jun 13, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 37
Views: 2202

Re: medicare premium amount

Here is what the IRS says: "Insurance premiums. You can’t treat insurance premiums as qualified medical expenses unless the premiums are for: Long-term care insurance. Health care continuation coverage (such as coverage under COBRA). Health care coverage while receiving unemployment compensatio...
by HueyLD
Tue Jun 13, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Tax question - Non-US citizen parent wants to gift wealth
Replies: 21
Views: 1739

Re: Tax question - Non-US citizen parent wants to gift wealth

No, you won't have tax liability on gifts from your NRA father. Yes, you may have to fill out a form, but there is no tax liability associated with filling out the form. I encourage you to read this relatively simple IRS guidance on gifts from foreign persons. https://www.irs.gov/businesses/gifts-fr...
by HueyLD
Tue Jun 13, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 37
Views: 2202

Re: medicare premium amount

I do receive a check from the OPM and thus I can't collect credit card bonuses. But can't I still get reimbursements from my HSA account even if the premiums are deducted from the OPM check? I suppose my medical expenses will rise in the future, but so far I had very little use of my HSA funds. Yes...
by HueyLD
Tue Jun 13, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 37
Views: 2202

Re: medicare premium amount

I also would like to confirm that Medicare premiums can be paid tax-free from an HSA account. I am planning to pay the Medicare bills with credit cards and then withdraw equivalent amounts from my HSA. I understand that when I start taking Medicare I won't be able to contribute new money to my HSA,...
by HueyLD
Tue Jun 13, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 37
Views: 2202

Re: medicare premium amount

spitty wrote:Do you pay a fee when paying via credit card?

No.

However, once you start collecting SS benefit, the Medicare premium must be withheld from the SS payment.
by HueyLD
Mon Jun 12, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect - death of account holder
Replies: 20
Views: 2038

Re: TreasuryDirect - death of account holder

I guess the lesson learned is that the account owner should maintain a printout of his/her savings bond inventory on a regular basis and make sure the heirs/PR can find them.
by HueyLD
Mon Jun 12, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect - death of account holder
Replies: 20
Views: 2038

Re: TreasuryDirect - death of account holder

Do you have a credit union that can help?

How about Fidelity, Schwab, etc.?
by HueyLD
Mon Jun 12, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-Debit May Not Be Such a Good Idea
Replies: 25
Views: 3075

Re: Auto-Debit May Not Be Such a Good Idea

I have used auto pay for many years and the system has worked very well 99% of the time. The 1% had problems and I learned not to allow certain companies the right to debit my account. My experience is that auto pay is great for paying recurring bills to companies that I will be doing business with ...
by HueyLD
Sun Jun 11, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to fix several years of excess contributions to Roth IRA?
Replies: 26
Views: 2210

Re: How to fix several years of excess contributions to Roth IRA?

How does the IRS not catch such things? In a given tax year, shouldn't form 5498 jibe with the income particulars reported on form 1040 vis-à-vis Roth IRA contribution limits? My guess is that their monitoring system is not as good as it should be. The OP should still true up his taxes to prevent f...
by HueyLD
Sun Jun 11, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Tax gain harvesting for kids' UTMA accts
Replies: 17
Views: 1226

Re: Tax gain harvesting for kids' UTMA accts

If I tax gain harvest $1050 or less for each of my children, then I do not need to file a separate tax return for each of them; Correct provided that they don't have earned income to push their gross income over the thresholds (see below). whereas if I tax gain harvest $1051-$2100 they will not owe...
by HueyLD
Sun Jun 11, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 37
Views: 2202

Re: medicare premium amount

Let's say you make a large Roth conversion in year N, and two years later in year N+2 you apply for Medicare. The conversion will put your into a higher IRMAA tier for several remaining months in year N+2. Do the Medicare premiums reset to normal in January of the year N+3, if your MAGI in year N+1...
by HueyLD
Sun Jun 11, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: How to fix several years of excess contributions to Roth IRA?
Replies: 26
Views: 2210

Re: How to fix several years of excess contributions to Roth IRA?

How does the IRS not catch such things? In a given tax year, shouldn't form 5498 jibe with the income particulars reported on form 1040 vis-à-vis Roth IRA contribution limits? My guess is that their monitoring system is not as good as it should be. The OP should still true up his taxes to prevent f...
by HueyLD
Sun Jun 11, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 37
Views: 2202

Re: medicare premium amount

Let's say you make a large Roth conversion in year N, and two years later in year N+2 you apply for Medicare. The conversion will put your into a higher IRMAA tier for several remaining months in year N+2. Do the Medicare premiums reset to normal in January of the year N+3, if your MAGI in year N+1...
by HueyLD
Sun Jun 11, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: What to do with WGL Holdings stock?
Replies: 5
Views: 337

Re: What to do with WGL Holdings stock?

Did the company not send you additional detail regarding the potential sale? The verbiage you quoted appears to indicate an "all cash" acquisition which means you need to sell your shares to AltaGas. The good news is that your husband inherited those shares a few years ago and received a s...
by HueyLD
Sun Jun 11, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 37
Views: 2202

Re: medicare premium amount

by HueyLD
Sat Jun 10, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 108
Views: 16738

Re: Ally Bank - Is this a safe/best place to stash some cash?

No partial withdrawals except for RMD in an IRA.
by HueyLD
Mon Jun 05, 2017 10:27 am
Forum: Personal Consumer Issues
Topic: Medi-Cal (for CA) equivalent in Texas
Replies: 5
Views: 588

Re: Medi-Cal (for CA) equivalent in Texas

General Program Requirements In order to qualify for this benefit program, you must be a resident of the state of Texas, a U.S. national, citizen, permanent resident, or legal alien, in need of health care/insurance assistance, whose financial situation would be characterized as low income or very ...
by HueyLD
Wed May 31, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: "Effective July 20, 2017, Vanguard will impose a $10 wire fee on outgoing wire redemptions from nonretirement accounts."
Replies: 28
Views: 2647

Re: "Effective July 20, 2017, Vanguard will impose a $10 wire fee on outgoing wire redemptions from nonretirement accoun

However, this is a dynamic fee in response to a specific service. Isn't it fairer to charge the fee to the Individual using the service rather than have everyone paying for it collectively. I view this in a positive light, that Vanguard is maintaining it's commitment to the lowest fees for all cust...
by HueyLD
Sun May 28, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: Retiring in southern college town
Replies: 78
Views: 5586

Re: Retiring in southern college town

Slinky wrote:Aside from the "palmetto bugs" our only real concern would be assimilating into a community of born and bred southerners. Of course I jest about the first issue but the second one is a concern.

What are your concerns?
by HueyLD
Thu May 25, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity customer protection guarantee-void if you use Mint?
Replies: 39
Views: 3030

Re: Fidelity customer protection guarantee-void if you use Mint?

The Fidelity representative pointed me to their "Fidelity customer protection guarantee" here: https://www.fidelity.com/security/customer-protection-guarantee which basically says that they will reimburse you if any fraud occurs and you lose your money. Sounds good, right? Until you get t...
by HueyLD
Wed May 24, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity customer protection guarantee-void if you use Mint?
Replies: 39
Views: 3030

Re: Fidelity customer protection guarantee-void if you use Mint?

And yes, I hypocritically do enter my VG and Fid credentials into Turbotax (desktop version) every year to download my tax data. I sure hope Intuit doesn't store those credentials on their servers. I should probably read the T&C on that. Or... temporarily change the passwords before loading the...
by HueyLD
Wed May 24, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity customer protection guarantee-void if you use Mint?
Replies: 39
Views: 3030

Re: Fidelity customer protection guarantee-void if you use Mint?

I have no way of knowing if Fidelity enforces that policy. I suspect Fidelity would only enforce it--and would only be allowed to enforce it--if sharing the password with the aggregator lead to the Fidelity account being compromised (i.e. if the aggregator was compromised first). Either way, count ...
by HueyLD
Wed May 24, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity customer protection guarantee-void if you use Mint?
Replies: 39
Views: 3030

Re: Fidelity customer protection guarantee-void if you use Mint?

The Fidelity representative pointed me to their "Fidelity customer protection guarantee" here: https://www.fidelity.com/security/customer-protection-guarantee which basically says that they will reimburse you if any fraud occurs and you lose your money. Sounds good, right? Until you get t...
by HueyLD
Mon May 22, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my non-US citizen fiancée
Replies: 9
Views: 1054

Re: Help me help my non-US citizen fiancée

2. Does Vanguard allow non-US citizens to open accounts with them? Yes, it does. See this application kit https://www.vanguard.com/pdf/0015.pdf Under "owner's citizenship and tax residency," check "non-resident alien" under citizenship if she is neither a U.S. citizen nor a gree...
by HueyLD
Mon May 22, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 38
Views: 4282

Re: IRS tax letter triggered by Turbotax's 8606

Almost every time the errors are operator error. That still leaves a big challenge for the developers to improve their interfaces ("interviews" for retail packages since you can't practically use the forms in most retail packages). Yes indeed. I raised the issue of "operatoe error&qu...
by HueyLD
Sun May 21, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: treasurydirect conversion account transfer question
Replies: 17
Views: 1659

Re: treasurydirect conversion account transfer question

llama wrote:Can anyone who's done this confirm that transferring bonds from my conversion account to my primary account will not count against the $10k annual purchase limit?

I can confirm that.
by HueyLD
Sun May 21, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: How long does TreasuryDirect take to convert paper I bonds?
Replies: 52
Views: 12121

Re: How long does TreasuryDirect take to convert paper I bonds?

Earlier this year I mailed in some paper I bonds. It took eight days for them to be converted from the time that the USPS tracking showing they had arrived in TD's hands. Thanks for the update. It appears that the Treasury Retail Division finally has adequate staff to handle workloads associated wi...
by HueyLD
Sun May 21, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Please check my SS spousal benefit calculations
Replies: 12
Views: 1078

Re: Please check my SS spousal benefit calculations

I learned something new today by reading this thread. The claiming strategy as outlined by Chip seems to be optimal for married couples where one spouse's PIA is less than 1/2 of the other spouse's PIA. For those who can only claim based on his/her own record (no spousal benefit involved), what is t...

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