Search found 290 matches

by fourwheelcycle
Wed Feb 14, 2018 8:58 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 260
Views: 14046

Re: For BHs who actually like cars - [what car do you drive every day?]

2003 - 2008 Honda S2000

2008 - present BMW 135i (first year car, ordered sight unseen as soon as they were announced)
by fourwheelcycle
Mon Feb 12, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns
Replies: 41
Views: 4330

Re: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns

LL Bean is one of the few purveyors of decent clothes that come in tall sizes, so I've ordered from there a bit. I agree. LL Bean's Tall Med or Tall Large sizes often fit me better than their own or other store's regular Large or Extra Large shirts and coats. We vacation in Bar Harbor every summer ...
by fourwheelcycle
Sat Feb 10, 2018 11:56 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 57
Views: 4725

Re: What backup service to use?

You may be interested in this 2016 thread: Fidelity "FidSafe" Free online storage of documents - is this safe? Thanks for the note on FidSafe. I did learn of it when it began; probably from Fidelity. I explored the service, but I decided not to use it. As far as I can tell it is not Zero-Knowledge....
by fourwheelcycle
Sat Feb 10, 2018 8:08 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 57
Views: 4725

Re: What backup service to use?

My requirements for online storage [include]: - Zero-Knowledge I previously knew what Zero-Knowledge is, but I had never heard of the term. I went to the Cloudwards web site and found my way to Sync.com, which offers a free 6GB account that can be expanded to 2TB for $96 per year. Either account in...
by fourwheelcycle
Sat Feb 10, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Suggest coffee maker please
Replies: 98
Views: 5341

Re: Suggest coffee maker please

I suggest this https://www.amazon.com/Clever-Coffee-Dripper-CoastLine-Large/dp/B014JVOWB8/ref=sr_1_3?s=home-garden&ie=UTF8&qid=1518292096&sr=1-3&keywords=clever+coffee+dripper which will let you adjust the strength by using more or less coffee and letting it sit for more or less time before you open...
by fourwheelcycle
Wed Feb 07, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental Rollover of after tax contributions to a traditional IRA
Replies: 29
Views: 1528

Re: Accidental Rollover of after tax contributions to a traditional IRA

I am retired and am no longer working. All I have is some IRAs and some 401ks from some old employees. So it looks like my only choice is to keep the TIRA and file form 8606 and when I begin to take distributions from my TIRAs, to prorate the portion relating to the $59k to recoup that portion tax ...
by fourwheelcycle
Tue Feb 06, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 127
Views: 8500

Re: Torn between Vanguard, Fidelity and Schwab

My wife and I moved from Merrill Lynch to Vanguard about thirty-five years ago because we got tired of all the brokerage sales pressure from ML. We have always been very happy with Vanguard's fund offerings and their customer service. We have never had any experience with Schwab. However, we have ha...
by fourwheelcycle
Sun Feb 04, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: How can we find the occupancy rate of a Continuing Care Retirement Community
Replies: 6
Views: 807

There is a limit to how much we can advise you on your CCRC choice "at a distance". Most importantly, we do not know which CCRC you are considering. I looked at your initial post again and I did not see that you mentioned if it is for-profit or not-for-profit. Here is a link for a very reputable not...
by fourwheelcycle
Sat Feb 03, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Multiple bank accounts - am I crazy?
Replies: 46
Views: 3469

Re: Multiple bank accounts - am I crazy?

Five may be a bit much, but I understand why you would have more than one. For many years we only had one bank, the local BoA, for all of our checking, savings, and credit cards. Even our AAA credit card was, and still is, a BoA card. However, after 2008 BoA became increasingly cost-conscious (cheap...
by fourwheelcycle
Fri Feb 02, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: CCRC advice needed [Continuing Care Retirement Community]
Replies: 28
Views: 1636

Re: CCRC advice needed

Life insurance could help your children when it's all over, but it would not help them if they need assistance before you die. Also, I have never priced term life insurance that extends until its all over, but I imagine it could be costly. Most CCRCs don't say you can't give any money to your childr...
by fourwheelcycle
Thu Feb 01, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: "I Volunteered for the Hospital Board and was Sued for Millions."
Replies: 44
Views: 10307

Re: "I Volunteered for the Hospital Board and was Sued for Millions."

This is a very interesting thread! My wife and I are both on community boards. I thought we had asked all the right D&O insurance questions, but based on this thread we are going to ask further about coverage for bankruptcy and ERISA claims.
by fourwheelcycle
Thu Feb 01, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 8161

Re: How much have kids added to your personal finance/expenses?

More than expected. ....childcare costs ($2000+ monthly in North Carolina). Right, it's shocking. We had our kids in the early 1980's. We never considered extra costs as a factor in deciding to have children. We just wanted to have kids and we figured we'd deal with the costs. Even then, infant day...
by fourwheelcycle
Wed Jan 31, 2018 5:50 pm
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 75
Views: 7691

Re: New mattress

Start by reading the forums and the articles here https://www.themattressunderground.com/mattress-forum.html the user Phoenix is the most knowledgeable owner/member on a subject on any forum I've seen he knows more about mattresses than any one person should know, he breaks down the memory foam den...
by fourwheelcycle
Tue Jan 30, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I join Linkedin?
Replies: 48
Views: 3521

Re: Should I join Linkedin?

My son is on LinkedIn. After completing some extensive homework and attending two study conferences he passed an exam which let him add an upgraded professional qualification to his LinkedIn profile. He had hoped his new credential might help him advance at his current employer, but within a month a...
by fourwheelcycle
Sun Jan 28, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 10244

Re: The biggest problem in retirement is spending (not)

My personal experience with retirees is that they are interested in having a good time and having nice things, but the cost of the things that satisfy them is not that high. And they don't seem interested in some of the higher cost luxuries, especially travel, after a certain age. Kalo This is abso...
by fourwheelcycle
Fri Jan 26, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Estate and Gift Tax under new tax law
Replies: 7
Views: 665

Re: Estate and Gift Tax under new tax law

I also find the new estate tax situation difficult to understand. For example, why should the OP limit themselves to $15K per person per year? Why not give $7M to their favorite nephew all at once? If they made a $7M gift in 2017 and reported it on a Form 709 the IRS would presumably have charged a ...
by fourwheelcycle
Fri Jan 26, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Tax withholding for newly married couple with semi-disparate incomes?
Replies: 6
Views: 533

Re: Tax withholding for newly married couple with semi-disparate incomes?

The bottom line rule is: If your Adjusted Gross Income (AGI) last year was $150,000 or less, and your total withholding this year is on track to equal or exceed your total income tax liability last year, you don't need to adjust your withholding or make any estimated tax payments, no matter how high...
by fourwheelcycle
Thu Jan 25, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: QCD Mechanics [Qualified Charitable Distribution]
Replies: 40
Views: 2840

Re: QCD Mechanics [Qualified Charitable Distribution]

A QCD is an ordinary withdrawal as far as Vanguard is concerned. So, if you have V write the check in 2017, it becomes part of your 2017 RMD regardless of when the charity receives or cashes the check. The charity is obligated to send you a letter of acknowledgement. However, the money was withdraw...
by fourwheelcycle
Thu Jan 25, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: QCD Mechanics [Qualified Charitable Distribution]
Replies: 40
Views: 2840

Re: QCD Mechanics [Qualified Charitable Distribution]

What happens if you write a check late in the year and it is not cashed by the charity before year end? How does Vanguard know of this IRA distribution in order to have your 1099R correct, or possibly your RMD correct? Or even your year end balance for next year's RMD calculation correct? If there ...
by fourwheelcycle
Thu Jan 25, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: QCD Mechanics [Qualified Charitable Distribution]
Replies: 40
Views: 2840

Re: QCD Mechanics [Qualified Charitable Distribution]

Please note that the required age is 70.5 , not 70, and that you can't do a QCD until you actually are "officially" 70.5. In other words, if you attempt a QCD in June, but you don't turn 70.5 until August, it isn't a bona fide QCD. I am aware of the IRS' age rule for a first QCD. In my post I shoul...
by fourwheelcycle
Wed Jan 24, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: QCD Mechanics [Qualified Charitable Distribution]
Replies: 40
Views: 2840

Re: QCD Mechanics [Qualified Charitable Distribution]

My wife and I have a family joke about the answer to a question being "horizontal and unclear in the relevant range", which is an actual (and nonsensical) quote from a published econometrics article. I would say our family expression applies perfectly to this thread. I will be turning 70 this year. ...
by fourwheelcycle
Sat Jan 20, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Which tax software for 2017?
Replies: 20
Views: 1275

Re: Which tax software for 2017?

I did my taxes by hand, with my trusty calculator, from around 1970 until 2003, when I first noticed I could get TurboTax for free from Vanguard. Now that Vanguard has stopped giving me TurboTax for free I agonize every year about whether to buy the Deluxe or Premier download versions. I am amazed h...
by fourwheelcycle
Fri Jan 19, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Recommend an A.C. powered auto tire inflator
Replies: 43
Views: 2544

Re: Recommend an A.C. powered auto tire inflator

I have one of these in each of our cars. They work great. https://www.amazon.com/Slime-40026-Heavy-Direct-Inflator/dp/B005Z8HAUK/ref=sr_1_5?ie=UTF8&qid=1516397470&sr=8-5&keywords=slime+tire+pump The dial is analog, but it is consistent, so if it says 38 on the first tire when my tire gauge says 36 I...
by fourwheelcycle
Fri Jan 19, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing real estate in Philly
Replies: 13
Views: 1337

Re: Purchasing real estate in Philly

Why not consider buying a row home? Not much more than one of these condos (if at all, factoring in HOA), and you feel much more a part of the neighborhood I second magi-crat, or magic rat (!), on a row home. You would be part of a neighborhood and you would have more control over your own maintena...
by fourwheelcycle
Wed Jan 17, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Your favorite non-investing, non-financial websites?
Replies: 47
Views: 16540

Re: Your favorite non-investing, non-financial websites?

This is a great thread. I have added a bookmark in my browser. One suggestion I would add is to go online and look for any recordings by Dr. Murray Banks, a humorist from the 1950s and 60s. Some of them are on YouTube. Start with "How to Live with Yourself" (seven ten minute parts). An example quote...
by fourwheelcycle
Wed Jan 17, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: [How to reserve funds for final expenses]
Replies: 10
Views: 566

Re: [How to reserve funds for final expenses]

I'm sorry to hear about your husband. People may need more info to give you good suggestions. Is your husband competent to make decisions? If yes, is he able to communicate on the telephone? Is the $350K savings the only potential source for the $50K you would like to reserve for final expenses? If ...
by fourwheelcycle
Tue Jan 16, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4540

Re: Budgeting Vs Savings Rate

I just came across this thread and I see most of the posters, and perhaps most BHs, are heavily inclined to budgeting. I also see the OP, having read all the pro-budgeting posts, has agreed with his wife to do some budgeting. I'd like to voice a contrary perspective. My wife and I were both raised b...
by fourwheelcycle
Fri Jan 12, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10550

Re: Trusts for adult Children

Yes, living trust needs a TIN. It generally takes time to wind up a trust/estate, so taxable income/changes come under the TIN (and get reflected to beneficiaries with K1s). I did not know that. Our joint revocable trust does not have a separate TIN. Vanguard sends all trust 1099 DIVs to me, since ...
by fourwheelcycle
Fri Jan 12, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fund order within Vanguard Brokerage Account
Replies: 9
Views: 586

Re: Fund order within Vanguard Brokerage Account

I would like to order my Excel information I periodically update in the same row order. I use Excel to track total assets (not all at Vanguard), and manage rebalancing/net sales/purchases. As we all figured out when we looked, the funds are ordered alphabetically by name, after the common first wor...
by fourwheelcycle
Tue Jan 09, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does a UGMA do for me what I want?
Replies: 23
Views: 1009

Re: Does a UGMA do for me what I want?

Putting money for the OP's grandchildren in Nevada Vanguard 529 accounts, with the OP as account owner and the grandchildren as beneficiaries, would provide the same investment management control and tax benefits to the OP as UGMA accounts and would avoid the need for kiddie taxes on unearned income...
by fourwheelcycle
Tue Jan 09, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: When the rubber hits the road [Progressive Dementia thread with merged updates]
Replies: 106
Views: 8067

Re: The reality hits - my dementia update

From: The reality hits. My overall reading ability is still there, but I am rarely interested in reading newspaper or magazines anymore. I can still read and understand long books, but for the most part stick to short stories. My short term memory still continues to deteriorate and I am starting to...
by fourwheelcycle
Thu Jan 04, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: [How much should I give to charity?]
Replies: 17
Views: 1587

Re: [How much should I give to charity?]

When I was working my employer encouraged community service and I was able to devote significant time to charitable area agencies, including serving on the board and as chair for our local United Way. One earlier poster said UW does not give to final charities, but our UW gave 83% of all donated fun...
by fourwheelcycle
Tue Jan 02, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: Did everyone in the early 80s have their money in CDs?
Replies: 77
Views: 6287

Re: Did everyone in the early 80s have their money in CDs?

Not in CDs, but in individual tax-exempt bonds and Vanguard tax exempt bond funds. My wife and I started working in the mid- to late-1970s. Being unaware of BH principles, we somehow had the idea we should not invest in equities until we had our core nest egg established. We had/have a very high per...
by fourwheelcycle
Sun Dec 31, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Who should we appoint as executor?
Replies: 33
Views: 2787

Re: Who should we appoint as executor?

If you are moving to a good CCRC the health care staff of the CCRC will help you arrange for supportive care in your residential unit or in assisted living, memory care, or long term care facilities provided by the CCRC, should the need arise. Nonetheless, you should have a complete set of estate do...
by fourwheelcycle
Sun Dec 31, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Using Vanguard’s advisors
Replies: 50
Views: 4706

Re: Using Vanguard’s advisors

It makes one wonder what is the point then of using them. I agree that Vanguard's PAS is probably not the right match for anyone who is very knowledgable and concerned about personal investment management. I think Vangaurd's PAS is a better match for someone who recognizes they are not experienced ...
by fourwheelcycle
Sat Dec 30, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: What is the best current account aggregator online?
Replies: 22
Views: 1470

Re: What is the best current account aggregator online?

I have used Vanguard's outside account aggregator for many years with no problems so far*. Vanguard currently contracts with Yodlee for financial aggregation services. I have my Excel savings spreadsheet set up with a "Vanguard sort order" option so I can easily transpose Vanguard's line item info w...
by fourwheelcycle
Fri Dec 29, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9445

Re: Plow Guy Raised Rates

The "elephant in the room" is if you have alternatives if you refuse to give in to his demands. If can find someone cheaper, or do it yourself, then great. If not. . .. Standard Economics joke - Customer to store owner "Your price is too high; this item is priced lower at the store down the street....
by fourwheelcycle
Thu Dec 28, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: What computer should I get?
Replies: 36
Views: 3311

Re: What computer should I get?

If it has to be a Windows computer I vote for the Lenovo Thinkpad X1 Carbon 5th Generation. However, after many years of encouragement my wife recently agreed to try a 13.3" MacBook Pro Mid 2017. I can help her with the Mac but I am pretty much helpless on her X1 Carbon. If you have access to good t...
by fourwheelcycle
Thu Dec 28, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax Online vs. Download
Replies: 34
Views: 2865

Re: Turbotax Online vs. Download

Two considerations - I do my taxes and also my father's, as his POA, so I benefit from the download version which allows multiple returns. Many years ago, when I was using the online version, I had to do an amended return for a previous year. I checked with TurboTax and learned that, at that time, p...
by fourwheelcycle
Thu Dec 28, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Need to shop insurance: curious what you have?
Replies: 22
Views: 1333

Re: Need to shop insurance: curious what you have?

Amica, since 1970s, for car, house and umbrella. Several excellent claims experiences.
by fourwheelcycle
Wed Dec 27, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do 2018-2025 Form 709 amounts count only toward 2018-2025, or higher, lifetime exclusion amounts?
Replies: 0
Views: 106

Do 2018-2025 Form 709 amounts count only toward 2018-2025, or higher, lifetime exclusion amounts?

I want to word this question carefully to avoid asking about possible future changes in the federal tax law. Does the recently signed federal tax law contain any provision that assures 2018-2025 Form 709 amounts will count only toward the federal lifetime exclusion amounts in effect during 2015-2025...
by fourwheelcycle
Fri Dec 22, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: What is or was your target multiplier (_ x annual expenses) for retirement?
Replies: 41
Views: 5180

Re: What is or was your target multiplier (_ x annual expenses) for retirement?

1. 50 times estimated maximum net need to cover all expenses, after SS (at 70) and pension. I think this is called 50 times net liability. 2. Yes. I retired at age 60 in 2008; wife is still working. 3. 40 years, from 2008. 4. 75%/23%/2% 5. No withdrawals yet. Wife will retire about the time SS and R...
by fourwheelcycle
Wed Dec 20, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: 5 yr forward max for 529 plan
Replies: 10
Views: 1236

Re: 5 yr forward max for 529 plan

That was good thinking on you part. The NV plan and the NY plan use Vanguard funds. Why did you choose the NV plan? Timing the market was a random outcome - I was trying to add humor to my post. However, I did want to get maximum funds in the market this year, rather than over five years. If you go...
by fourwheelcycle
Wed Dec 20, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: 5 yr forward max for 529 plan
Replies: 10
Views: 1236

Re: 5 yr forward max for 529 plan

We superfunded a 529 for our first grandchild in January, 2017, using the Nevada Vanguard program, which shows up right on our Vanguard account page. Our state does not offer any tax incentives for 529s, so one year vs. five years made no difference. We superfunded the 529 instead of doing it one ye...
by fourwheelcycle
Sat Dec 16, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Gifting
Replies: 8
Views: 994

Re: Annual Gifting

Thanks to HueyLD and Gill for your clarifications. I constantly pick up valuable info on this forum, like the IRS' qualifying date criteria for gifts of money and gifts to charity. In an earlier thread I was alerted that QCDs cannot be done until age 70 1/2, even though a first RMD may be taken earl...
by fourwheelcycle
Sat Dec 16, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Annual Gifting
Replies: 8
Views: 994

Re: Annual Gifting

It is treated as a 2018 gift. The donee must deposit the check to be treated as a 2017 gift. Gill I have no problem with this info because we generally make our money gifts in January each year. However, this info is different than what Vanguard recently told me about QCD checks. They told me my QC...
by fourwheelcycle
Fri Dec 15, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: States with tax-friendly policies for dividends/LTCG
Replies: 13
Views: 1716

Re: States with tax-friendly policies for dividends/LTCG

New Hampshire has no state income tax and no tax on short or long term capital gains. We do have a 5% Interest and Dividends Tax. There is a $2,400 exclusion per person and also, I think, another $1,200 per person exclusion for people over age 65. I ought to know for sure about the over 65 exclusion...
by fourwheelcycle
Thu Dec 14, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: can you deduct a leased car as biz expense if you have only 1 car?
Replies: 4
Views: 575

Re: can you deduct a leased car as biz expense if you have only 1 car?

When I was working my employer reimbursed me adequately for my personal car mileage. When I retired at 60 I kept working part-time for my employer as a consultant and all my income became 1099 MISC. My state has a required business tax for this type of income. I kept track of my total car expenses, ...
by fourwheelcycle
Wed Dec 13, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Multiple TOD beneficiaries for individual stock
Replies: 4
Views: 317

Re: Multiple TOD beneficiaries for individual stock

My father has multiple TOD beneficiaries designated for his stock holdings at Vanguard. I am his POA and executor. I set up his TOD designations on the web w/o using a representative and I had no problems. After the designations were all set up I did talk to Vanguard's Transition Team and they said ...