Search found 5314 matches

by HueyLD
Tue Jan 16, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard account change
Replies: 14
Views: 1153

Re: Vanguard account change

OP here: Thank you all. So, even though it was a joint account WROS, there would be a step up in basis? Mom isn't inheriting the account, per se, she's the same owner she always was. Right? It would be nice to get a step up in basis, but would that happen in this case? There is a basis step-up or d...
by HueyLD
Tue Jan 16, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard account change
Replies: 14
Views: 1153

Re: Vanguard account change

That form is difficult for me and I handle our investments. I do not think I would be able to handle it in my late 70s/80s let alone my wife who has not been involved in asset basis concerns. How do they expect an elderly person without children to handle it when a spouse dies? I truly feel your pa...
by HueyLD
Tue Jan 16, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard account change
Replies: 14
Views: 1153

Re: Vanguard account change

Vanguard has a specific form to change the ownership of an account due to death. Here is the link http://www.vanguard.com/pdf/s224.pdf Read the explanations and instructions carefully. They tell you everything you need to know in writing, including how they do basis step-up (or down as basis could g...
by HueyLD
Mon Jan 15, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction in 2018
Replies: 10
Views: 1607

Re: Standard Deduction in 2018

Tom,

The 2018 adjustment for the aged and the blind was announced in 2017 in IRP 17-58.
by HueyLD
Mon Jan 15, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction in 2018
Replies: 10
Views: 1607

Re: Standard Deduction in 2018

24,000+1300+1300=26,600.

1,250 was the 2017 amount and 1,300 is the 2018 amount.
by HueyLD
Mon Jan 15, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 99
Views: 7530

Re: TaxAct and alternatives

What special handling of foreign income is it? Is HRB not capable of handling it?
by HueyLD
Mon Jan 15, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 2698

Re: PTO policy after international business travel

I have a lot of sympathy for OP's problem in adjusting to day/night time zone changes. It used to take me 2-3 days to recover from a trans-pacific flight. However, as I got older, the recovery time got longer and it takes 2-3 weeks nowadays. Not withstanding the longer recovery time, I always return...
by HueyLD
Mon Jan 15, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 2698

Re: PTO policy after international business travel

Only the OP's employer can answer his question. I used to work for an international company and it had a dedicated team of employees who traveled more than half way across the globe. I don't recall that they got more than a day or two off after each trip. The wear and tear was obvious as most of the...
by HueyLD
Mon Jan 15, 2018 11:48 am
Forum: Personal Consumer Issues
Topic: Any high-end skincare products worth it?
Replies: 37
Views: 2706

Re: Any high-end skincare products worth it?

linenfort wrote:
Mon Jan 15, 2018 6:08 am
My wife uses high end stuff ~~ Lancôme, Shiseido, something written in Hangul — and I won’t stop her, but I suspect she just has good DNA.
It appears that your wife shares a similar preference with a lot of Taiwanese and Japanese.

And she probably has very good genes.
by HueyLD
Mon Jan 15, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: Electronic delivery of forms
Replies: 6
Views: 333

Re: Electronic delivery of forms

Yes, my non-Vanguard brokerage accepts upload of images.

However, I have no objection over using fax.
by HueyLD
Mon Jan 15, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 93
Views: 5745

Re: Stats on When People Take Social Security

I think the vast vast majority of people took social security benefit before the age of 70 due to a combination of factors and not all of them are financial. (1). They needed the money for food. (2). They waited a long time for the money and they wanted to have it as soon as possible. Show me the mo...
by HueyLD
Sun Jan 14, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 153
Views: 17248

Re: TurboTax Prices

I dislike Intuit's confusing pricing schemes. I would have left had I not received major discount on TT.
by HueyLD
Sun Jan 14, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Jan 2018 TIPS Auction
Replies: 11
Views: 1055

Re: Jan 2018 TIPS Auction

antiqueman wrote:
Sat Jan 13, 2018 8:44 pm
Anyone considering buying at the 10 year tips auction next week?

Based on the yield of the current tips maturing in 2028, the yield next week should be between.50 and.60.
Fidelity's current YTW is 0.57% and that's usually a good estimate of the auction yield.
by HueyLD
Sat Jan 13, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Pub 590B [Uniform Lifetime Table update?]
Replies: 5
Views: 334

Re: Pub 590B

I have not heard or read anything about changes in IRS tables.

I am 99.99% sure that the tables won't change.
by HueyLD
Sat Jan 13, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: New 529 rules -- One state plan's response
Replies: 12
Views: 984

Re: New 529 rules -- One state plan's response

States are under no obligation to follow the federal tax law and it has been this way for decades.

I have always lived in a state with various adjustments between the federal and state returns due to differences in tax laws.
by HueyLD
Sat Jan 13, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: Variable annuity and ACA subsidy
Replies: 12
Views: 587

Re: Variable annuity and ACA subsidy

For a relatively short time horizon and $30k a year, I think VVA is a fine choice.

Depending on your parents risk tolerance level, you may want to pick the funds carefully to minimize the risk of substantial decline when they are ready to take the money out.
by HueyLD
Sat Jan 13, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction in 2018
Replies: 10
Views: 1607

Re: Standard Deduction in 2018

I read somewhere that the standard deduction for 2018, for tax returns filed in 2019, for individuals over 65 is actually $26,600 instead of $24,000. Does anyone know if this is true? Thanks :sharebeer The TCJA did not eliminate the additional standard deduction for the aged and the blind. Accordin...
by HueyLD
Sat Jan 13, 2018 2:40 pm
Forum: Investing - Theory, News & General
Topic: Variable annuity and ACA subsidy
Replies: 12
Views: 587

Re: Variable annuity and ACA subsidy

Surrender charge is one thing to pay attention to. “If the investor withdraws money from a variable annuity within a certain period after a purchase payment (typically within six to eight years, but sometimes as long as 10 years), the insurance company will usually assess a type of sales charge know...
by HueyLD
Sat Jan 13, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: New 529 rules -- One state plan's response
Replies: 12
Views: 984

Re: New 529 rules -- One state plan's response

Rudy,

The TCJA did not change the rules for qualified post secondary education.
by HueyLD
Sat Jan 13, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Will never not upgrade Business travel again
Replies: 21
Views: 2834

Re: Will never not upgrade Business travel again

International airlines/flights, totally different though. Would I pay the extra $5K between economy and business class? I'd probably have to travel economy first on a international flight, but most likely I would probably shell out the extra money. 15-18 hours on a plane not comfortable can drive a...
by HueyLD
Sat Jan 13, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 33
Views: 2103

Re: Vanguard Personal Advisory Services Fees

I am near retirement and have been fortunate to have a seven figure portfolio mostly of index funds and etf. I want to pass these assets on to VPA Services but it seems their charges are outrageous at least in my situation. There asset allocation is mostly computer driven so their costs are no diff...
by HueyLD
Fri Jan 12, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 153
Views: 17248

Re: TurboTax Prices

Alan S. wrote:
Fri Jan 12, 2018 6:18 pm
Anyone know whether Deluxe or on line deluxe handles 1099MISC income Box 3 - for brokerage bonus?
Yes. See this product comparison from Intuit.

https://turbotax.intuit.com/personal-ta ... deluxe.jsp
by HueyLD
Fri Jan 12, 2018 6:15 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 41
Views: 3815

Re: Tax Reform - Revised Kiddie Tax

Andy,

What is your understanding of the changes?

There is standard deduction for dependents, and there are standard deductions for kiddie tax. There are two separate issues even though a dependent can also be subject to the kiddie tax.

Yes, it is complicated.
by HueyLD
Fri Jan 12, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance, spousal income?
Replies: 7
Views: 397

Re: Health insurance, spousal income?

Interesting new approach to the ever rising health care cost. I guess the OP has options. He can (1) drop out of his spouse's employer insurance to avoid having to provide them with his salary information, (2) continue to be on his spouse's insurance if he is unable to get his own insurance at a bet...
by HueyLD
Fri Jan 12, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: "Medical payments" premium on Auto insurance, necessary if you have medical insurance?
Replies: 6
Views: 380

Re: "Medical payments" premium on Auto insurance, necessary if you have medical insurance?

I carry that insurance for passengers not covered under my health insurance.

Unless you never allows others in your car, it is just another form of insurance.
by HueyLD
Fri Jan 12, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 41
Views: 3815

Re: Tax Reform - Revised Kiddie Tax

Nothing has changed except that "unearned" income over $2100 will be taxed at trust rates. Read your own quote again. It is the greater of .... So, a kiddie without "earned" income can have a maximum standard deduction of $1050. But a kiddie with "earned" income can have a maximum standard deduction...
by HueyLD
Fri Jan 12, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4586

Re: why do banks bother offering lousy CD rates?

Some banks also have secret rates that are only available to their “preferred” customers.

I think those banks use such a strategy to make their preferred customers feel special and loyal.

Of course banks can always raise money as needed by offering higher rates on targeted products to the public.
by HueyLD
Thu Jan 11, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Coverdell to 529: Is this a rollover thus subject to once-per-12-month rule?
Replies: 3
Views: 260

Re: Coverdell to 529: Is this a rollover thus subject to once-per-12-month rule?

As in the subject. Say I did a Coverdell withdrawal and then sent the check to a 529 account (both for the same beneficiary) last June, can I do another Coverdell withdrawal and contribute to the same 529 account (still for the same beneficiary) right now, or do I have to wait for 12-month? My unde...
by HueyLD
Thu Jan 11, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for a new kitchen and dining room
Replies: 26
Views: 1531

Re: How to pay for a new kitchen and dining room

My son called me last night and said he and his wife decided to remodel their kitchen and dinning room. It will cost about $100,000. His question to me what is the best way to finance the remodeling? His current house will be payed off in one year. House is worth about $400,000 He does not have $10...
by HueyLD
Thu Jan 11, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax issues
Replies: 14
Views: 1138

Re: Equifax issues

I seemed to have trouble with Experian every year when I tried to pull an online free credit report. And I have absolutely no idea why! Maybe I got blacklisted by them because I asked them to correct an erroneous birthday from mmdd1901 to my real birthday. Geez, how many people born in 1901 are stil...
by HueyLD
Thu Jan 11, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct "Entity" Account
Replies: 3
Views: 340

Re: Treasury Direct "Entity" Account

Wife and I are considering I Bonds as part of the fixed income portion of our portfolio. We understand the $10k purchase limit per year per individual (or per social security number). Question here is: if we want to have ownership be within our Living Trust, can we still purchase a total of $20k pe...
by HueyLD
Thu Jan 11, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 41
Views: 3815

Re: Tax Reform - Revised Kiddie Tax

I continue to believe that it is best to wait for the IRS instructions and guidelines. And we all know that the IRS is severely understaffed and it will take at least six months for them to be published. So, let's take a shot at this again. But it is preliminary based on my reading of the final bill...
by HueyLD
Thu Jan 11, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: WSJ: Discount Brokers Win Bonuses to Push Costlier Products
Replies: 38
Views: 3070

Re: WSJ: Discount Brokers Win Bonuses to Push Costlier Products

HueyLD: I am surprised you do not know. Vanguard does not want to make money. Vanguard is the only mutual, mutual fund company. Any "profit" goes right back to fund shareholders--not to company stockholders because Vanguard doesn't have any stockholders like Schwab and Fidelity. I have nothing but ...
by HueyLD
Wed Jan 10, 2018 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: WSJ: Discount Brokers Win Bonuses to Push Costlier Products
Replies: 38
Views: 3070

Re: WSJ: Discount Brokers Win Bonuses to Push Costlier Products

Even Vanguard is not completely innocent. It appears that Vanguard has been promoting Vanguard PAS especially for their Flagship customers. Their CFPs have also highly recommended international bond funds and international stock funds even though some of their customers previously indicated that the...
by HueyLD
Wed Jan 10, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 43
Views: 3196

Re: Letter from Social Security re Fraudulent Claim

I think the only way to resolve this mystery is to show up at the local SSA office and ask for clarification.

No time for online or phone tags.

The SSA does take walk-in’s.
by HueyLD
Wed Jan 10, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds and New Tax Law -- any changes?
Replies: 19
Views: 1769

Re: I Bonds and New Tax Law -- any changes?

I understand that I can buy a maximum of $10K/year using one social security number. Do the bonds need to be titled just to that social security number, or can I specify joint ownership? And, if I die with uncashed bonds, does the POD recipient pay taxes on the bond income just as I would have? (Th...
by HueyLD
Wed Jan 10, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with a 25 million windfall?
Replies: 47
Views: 2728

Re: What would you do with a 25 million windfall?

investing1012 wrote:
Wed Jan 10, 2018 3:17 pm
What would you do with a 25 million windfall? Btw I’ve read the wiki for it and appeeciate the input.
Is this a hypothetical question?
by HueyLD
Wed Jan 10, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use a CPA for my taxes this year?
Replies: 9
Views: 702

Re: Should I use a CPA for my taxes this year?

IRS tax tip on adoption - this just in! https://www.irs.gov/newsroom/nine-facts-about-the-adoption-credit IRS Tax Tip 2018-05, January 10, 2017 Adoptive parents around the country may qualify for a tax credit. Parents who either adopted a child or tried to adopt a child may claim the adoption credit...
by HueyLD
Wed Jan 10, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: antivirus for windows 7
Replies: 10
Views: 493

Re: antivirus for windows 7

Try Microsoft Security Essentials (MSE). You can download it from Microsoft website and it is free.
by HueyLD
Wed Jan 10, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Can't move online $$ from Trust to JTROS at VG
Replies: 13
Views: 497

Re: Can't move online $$ from Trust to JTROS at VG

Here is my guess.

I think Vanguard did not verify the ownership of your external joint account as closely as they should have.

Maybe you should just keep that joint bank account.
by HueyLD
Wed Jan 10, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: I Bonds and New Tax Law -- any changes?
Replies: 19
Views: 1769

Re: I Bonds and New Tax Law -- any changes?

There are some minor issues. The tax deferral becomes less valuable under the new tax law if you move to a lower marginal tax rate for the next eight years and then move back up when you cash in the bonds. If you expect to cash in the bonds within eight years, the tax deferral has about the same be...
by HueyLD
Wed Jan 10, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Can't move online $$ from Trust to JTROS at VG
Replies: 13
Views: 497

Re: Can't move online $$ from Trust to JTROS at VG

So, is your external bank account a joint account? If so, why would Vanguard transfer money from an individual trust to a joint external account but not a joint Vanguard account?
by HueyLD
Wed Jan 10, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: "State Resricted" CDs
Replies: 5
Views: 593

Re: "State Resricted" CDs

I don't think it has anything to do with the quality of such CDs.

With complicated banking regulations, it is expensive to register to do business in every state. So, it may not be cost effective to offer CDs in small states with few potential customers.

And that's my "educated" guess.
by HueyLD
Tue Jan 09, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: "State Resricted" CDs
Replies: 5
Views: 593

Re: "State Resricted" CDs

Per Fidelity: What are restrictions on new issue CD offerings? Not all CDs are available in every state. Each state has its own set of laws to offer securities for sale in its state, and those laws are referred to as Blue Sky laws. As a result, a state restriction is known as a Blue Sky restriction ...
by HueyLD
Tue Jan 09, 2018 10:40 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8414

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I pay no attention to those 2 comma threads.

How about 3 comma threads? That is something to "aspire" to.
by HueyLD
Mon Jan 08, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6879

Re: Lowball offer on a home

The OP indicated that it is a hot hot market and the owner is a real estate agent . His low ball offer will likely be ignored and he may not get a second chance to up the offer. It is his opinion that the house needs a lot of work and the real estate agent seller appears to think otherwise. I think ...
by HueyLD
Mon Jan 08, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: New 529 Plan Rules
Replies: 22
Views: 2090

Re: New 529 Plan Rules

SEC. 11032. 529 ACCOUNT FUNDING FOR ELEMENTARY AND SECONDARY EDUCATION. (a) IN GENERAL.— (1) IN GENERAL.—Section 529(c) is amended by adding at the end the following new paragraph: ‘‘(7) TREATMENT OF ELEMENTARY AND SECONDARY TUITION.—Any reference in this subsection to the term ‘qualified higher ed...
by HueyLD
Mon Jan 08, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: MA Short Term Capital Gains Rate (12%) and Stock Options
Replies: 7
Views: 384

Re: MA Short Term Capital Gains Rate (12%) and Stock Options

According to mass.gov, the individual income tax rate is generally 5.1%, but for STCG and capital gain on collectibles, the rate is 12%. In addition, there are not a lot of deductions available to taxpayers there. I guess you can generate STCL and use the carryover loss to offset future STCG. Click ...