Search found 320 matches

by PatrickA5
Thu Nov 15, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 76
Views: 8297

Re: Amazon says TurboTax 2018 will be released November 12

Downloaded my TT yesterday. I always buy it early so I can play around with the numbers and do the appropriate Roth conversions at the end of December. The main thing that I've noticed (about my tax situation) that is not ready is the $500 "other dependent credit". Oh, that and the education credits...
by PatrickA5
Thu Nov 15, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5150

Re: Oops! Edward Jones tops Vanguard in customer survey

When I get my oil changed for my Infiniti, I go to the dealership. They have free cookies, drinks and a really nice service department with very friendly people. When I get my Honda's oil change, I go to Jiffy Lube. Dumpy office, personnel aren't friendly, etc. I pay more at the dealership but it's ...
by PatrickA5
Mon Nov 12, 2018 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Financial Engines thru Vanguard
Replies: 14
Views: 836

Re: Financial Engines thru Vanguard

I use it as one of several retirement calculators. I like it, but I think it tends to skew the projected income a little higher than most. I haven't studied the methodology much, but seems to be using a fairly high withdrawal rate. For example, plugging in my numbers, Financial Engines gives me a pr...
by PatrickA5
Sat Nov 10, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Rearrange 3 fund portfolio or leave accounts mirrored
Replies: 16
Views: 1442

Re: Rearrange 3 fund portfolio or leave accounts mirrored

We have the same fund (VG Lifestyle Moderate) as the only holding in each of our retirement accounts (his/hers Roth and Traditional IRA's). This is basically a 4 fund portfolio and is super simple. No desire to make things more complicated by having different asset types in different accounts as I d...
by PatrickA5
Sat Nov 10, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard customer service
Replies: 12
Views: 1678

Re: Vanguard customer service

I've had problems with VG and Fidelity customer service in the past. It's always hit or miss. My Flagship rep seems pretty good, but haven't used her much. The worst lack of knowledge I've experienced was when a Fidelity rep told me there is no way to have after tax "basis" in a Traditional IRA. I t...
by PatrickA5
Thu Nov 08, 2018 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 76
Views: 8297

Re: Amazon says TurboTax 2018 will be released November 12

I pre-ordered a download last month. My CC was charged yesterday. When I log on to my Intuit account it says downloads will be available on the 7th (yesterday). I called Intuit and they said they were having problems making the downloads available. So, I guess I'll wait. Obviously, some forms will n...
by PatrickA5
Thu Nov 08, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax on TaxMarkDown.com
Replies: 37
Views: 3798

Re: TurboTax on TaxMarkDown.com

I pre-ordered directly from Intuit a month ago. Their website says it will be available on Nov 7th, but it still doesn't show up to be downloaded. I called Intuit and they said they were having problems making the downloads available - or something like that. I'll try again tomorrow.
by PatrickA5
Thu Nov 08, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Documents
Replies: 32
Views: 2640

Re: estate Documents

ITA with reading, learning, then hiring an attorney for consult and drawing up documents. I found these resources helpful. Most can be obtained from your library. They are popular, so request them rather than expect them to be available on the shelf. Books Making the Most of Your Money Now and How ...
by PatrickA5
Thu Nov 08, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8159

Re: 1/3 of Baby Boomers have no retirement savings...

I'm not following the logic of the chart.. why do the higher incomes need higher multiple of income saved? Are they discounting for the SS bend points offsetting more expenses for the lower income cohort? or something else? I would assume it has to do with lifestyle creep and the thought that the c...
by PatrickA5
Wed Nov 07, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7487

Re: Move savings to Prime Money Market Fund (VMMXX)

wesgreen wrote:
Wed Nov 07, 2018 4:41 pm
Vanguard's Prime Money Market Fund works well as a checking account, but you're only allowed to write checks for at least $250.00.
If interested in a Vanguard Checking account, you might look into the VG Advantage account. No minimum check writing.
by PatrickA5
Wed Nov 07, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7487

Re: Move savings to Prime Money Market Fund (VMMXX)

How do I find out how much of Federal MM is taxable in my state? I found the PDF that showed the taxable percentages for their municipal funds, but nothing on Federal MM. If you live in a state with state and local income taxes, don't overlook VMFXX either. The effective yield after tax might be ev...
by PatrickA5
Wed Nov 07, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7487

Re: Move savings to Prime Money Market Fund (VMMXX)

FYI, Vanguard Federal MM has a 2.13% compound yield, and is just 11 bp behind Prime MM's 2.24% yield. Federal MM has some advantages over Prime MM. For example, in many states Federal MM is tax advantaged for state tax (unlike Prime MM, which is taxed 100% as income for state taxes). So for many pe...
by PatrickA5
Wed Nov 07, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Move savings to Prime Money Market Fund (VMMXX)
Replies: 55
Views: 7487

Re: Move savings to Prime Money Market Fund (VMMXX)

I'm in the process of moving my savings out of Ally back to Vanguard. I have the Vanguard Advantage checking account that's tied to the Federal Money Market fund. I'll probably put some into Prime Money Market, too. I got tired of dealing with Ally CD's when the Prime Money Market is close to the be...
by PatrickA5
Tue Nov 06, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity-Very Negative Experience with Inheritance Services
Replies: 9
Views: 2816

Re: Fidelity-Very Negative Experience with Inheritance Services

I called the Inheritor Services number today to ask some background questions about the mechanics of Survivor Options on brokered CDs and payments to listed beneficiaries. Was on hold for 74 minutes before the Fido system abruptly hung up on me. Never did speak to anyone. Doesn't bode well for futu...
by PatrickA5
Sat Oct 06, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: Stress testing for those contemplating retirement in the next couple years
Replies: 28
Views: 2839

Re: Stress testing for those contemplating retirement in the next couple years

According to the BH Wiki, stock market prices “can stagnate or decline for decade-long periods”. This seems like a reasonable statement to me. No one knows when a decline may begin. Do you stress test your portfolio and spending plans for this scenario? Does a portfolio of 25X (25 X annual spend in...
by PatrickA5
Fri Sep 28, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Are social security (and Medicare) taxes affected by the standard deduction
Replies: 26
Views: 2845

Re: Are social security (and Medicare) taxes affected by the standard deduction

A different but related question: Standard deduction is $24K MFJ, and is indexed for CPI Taxability of Social Security starts at 32K MFJ, is not indexed for CPI What happens if/when St Deduction exceeds Taxability of Social Security lower limit (assume current law is made permanent in 2026 for disc...
by PatrickA5
Fri Sep 28, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Are social security (and Medicare) taxes affected by the standard deduction
Replies: 26
Views: 2845

Re: Are social security (and Medicare) taxes affected by the standard deduction

A different but related question: Standard deduction is $24K MFJ, and is indexed for CPI Taxability of Social Security starts at 32K MFJ, is not indexed for CPI What happens if/when St Deduction exceeds Taxability of Social Security lower limit (assume current law is made permanent in 2026 for disc...
by PatrickA5
Tue Sep 25, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: What do folks use for long-term forecasting of their personal finances?
Replies: 24
Views: 2546

Re: What do folks use for long-term forecasting of their personal finances?

Does anyone know of a planning software that you can download all of the results into a spreadsheet? I'm looking for something that would have beginning balance, expenses, earnings, contributions and ending balance for each of 20-30 years. A lot of the retirement planners will give me nice graphs sh...
by PatrickA5
Thu Sep 20, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 64
Views: 7028

Re: Don't trust Tripadvisor reviews

Use Trip Advisor for all of my hotel decisions. I give more weight to the users that have a lot of reviews on a bunch of different hotels. I don't think I can recall ever finding a hotel completely opposite of the majority of the reviews. They are usually right on. Normally, if the reviews say it's ...
by PatrickA5
Mon Aug 27, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: Sell highly-technical books or hold onto (somewhat unreal) fantasy that I'll read them
Replies: 16
Views: 1062

Re: Sell highly-technical books or hold onto (somewhat unreal) fantasy that I'll read them

I kept all of my old accounting and law textbooks because I just knew that someday I would use them to research some problem in my free time. Never happened. Decades later I packed up about a dozen boxes of books of all kinds (over 500) and took them to the library. Felt great just to get rid of the...
by PatrickA5
Mon Aug 27, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6794

Re: How do you calculate net worth with pensions?

So let me get this straight. A person that has no investments, no money, no real estate, owns 2 pair of socks and a couple of shirts, has a net worth in the millions because someday (or currently) they will get a pension and SS? That's great news! All of those articles I've read lately about how lit...
by PatrickA5
Tue Aug 21, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12186

Re: Is a million really the benchmark for retirement

OP, it sounds like to me that you'll be fine in retirement. The vast majority of people have nowhere near $1 million and most do fine. All I have to do is look at my parents. My dad retired at 64 and died at 97, so 33 years of retirement. He had a small pension of $12K and SS of $12K. They easily li...
by PatrickA5
Thu Jul 26, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Preliminary Version of Revised Form 1040 Released by IRS
Replies: 10
Views: 1188

Re: Preliminary Version of Revised Form 1040 Released by IRS

What is the point of having two half sheets for the 1040? Why not just put both half sheets on one page? I mean, if I have to print out and use 2 full sheets of paper to print out a form that only takes up half of each page, what savings is really being accomplished? It wouldn't be "post card size"...
by PatrickA5
Thu Jul 26, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Preliminary Version of Revised Form 1040 Released by IRS
Replies: 10
Views: 1188

Re: Preliminary Version of Revised Form 1040 Released by IRS

Pretty much just a stunt to try and prove they could get the tax return on a postcard size of paper. Why stop there? Just make it 4 or 5 lines with most of it heading information and then have just one line with "tax refund" or "tax due". Then attach the 10 or 15 "schedules" that figure the tax. Wha...
by PatrickA5
Thu Jul 19, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Giving up career growth for more time outside of work
Replies: 38
Views: 2954

Re: Giving up career growth for more time outside of work

My guess is the people that did what it takes to move up the ladder will say that it's worth it. To me, it wasn't. I'm now 60 and retired at 55. I was the guy that would (normally) leave work on time, pick up my kids and spend quality family time. I almost never worked on a weekend, took every minut...
by PatrickA5
Thu Jul 19, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: I ran out of credit card signups bonus...
Replies: 106
Views: 16905

Re: I ran out of credit card signups bonus...

According to my spreadsheet, between DW and I, we've had 120 credit cards over the last 10 years. We currently have 4 open, meaning we've closed 116 credit cards. Our FICO scores have consistently been between 790 and 820 throughout that time. So, I guess, at least in our case, there hasn't been muc...
by PatrickA5
Mon Jul 16, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 91
Views: 7387

Re: Are Credit Cards Actually Convenient?

We use CC's probably 99% of the time. According to my spreadsheet, DW and I have had over 120 credit cards over the last 15 years and I bet we've only been declined 5-10 times in that time frame (usually while on vacation). We're currently down to 4 open cards mainly due to the miles/points hobby be...
by PatrickA5
Thu Jul 12, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 3175

Re: Grandpa's 88 and has term life insurance

Edited to add: I have helped elderly relatives with their finances and found that they are very reluctant to cash in even small (whole) life insurance policies that they have had for 30 years or more when there really isn't any advantage to keeping them in force. They seem to consider canceling ins...
by PatrickA5
Thu Jun 14, 2018 10:03 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 39184

Re: Bogleheads, tell me about your 40's?

My 40's saw 2 market crashes, so our net worth went up, then down, then up, then down. I think we ended up with probably double what we started with, but that was probably all contributions. Our 50's is where we really socked away the money (almost 60 now). I don't remember much about my 40's other ...
by PatrickA5
Thu Jun 14, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 49
Views: 3598

Re: Question for those who used 529 plans

We put a ton of money in my DS's plan in 2012 when he was in 9th grade. Since we were getting close to high school, we just put it in the "guaranteed fund" and it has made maybe 2% per year. Wasn't willing to risk losing his college fund during a short time period. If you select a similar plan, you ...
by PatrickA5
Thu Jun 07, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 19300

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

DS had good HS grades (around 4.0), but only above average ACT. Top private school in area was giving $15K "scholarships" to anybody that qualified to get into the school (which he would have), bringing the cost down to around $40K per year. He ended up going to state university ($20K per year). Fro...
by PatrickA5
Thu Jun 07, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help me pick my vanguard investment
Replies: 39
Views: 2026

Re: Help me pick my vanguard investment

If you are looking for the absolute highest return over the next 20 years, you'd want to pick the single fund that does the best. Having more than one fund will result in a lower performance. Having said that, there's not a single person in the Bogleheads community that can tell you for certain whic...
by PatrickA5
Sat Apr 21, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Medical alert "button"
Replies: 34
Views: 2508

Re: Medical alert "button"

I bought my dad one when he was 90 (and living alone). He basically wouldn't wear it - no matter how much I encourage it. Over the course of the next several years, he had numerous falls but always managed to eventually get to a phone. Until his last fall. I found him the next day laying on the floo...
by PatrickA5
Fri Apr 20, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Will question
Replies: 28
Views: 2979

Re: Will question

bsteiner, Thanks for the comments about tax vs estate planning attorneys. I know that some estate planning attorneys get masters degrees in tax. I realize that an estates and trusts lawyer has to know enough tax to account for the tax implications of the estate plan. I have imagined that there are ...
by PatrickA5
Thu Apr 19, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 4158

Re: Good Dad, Bad Dad

Each of my 3 kids got their license on the day they turned 16. We had already bought them a "throw away" car to use while they had their permits and learning to drive. The cars were good enough to be safe and reliable, but nothing we'd carry collision on and nothing we'd fix if it was wrecked (which...
by PatrickA5
Thu Apr 19, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Will question
Replies: 28
Views: 2979

Re: Will question

There is nothing in the facts presented that would suggest that a revocable trust would be appropriate in the original poster's situation. [/quote] After months of studying, reading books, going to seminars, etc I still don't know if we really need a Trust. Probably, the only reason I would go for ...
by PatrickA5
Tue Apr 03, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 169
Views: 24527

Re: Retire at 55, what's the magic number

“I think that since the OP is postulating retiring at 55, they wouldn't want to plan on 25x, that will only carry them to age 80, which probably is significantly below their life expectancy.“ How do you figure 25x expenses only gets you to 80? Even if you spend 1/25 of your savings per year you are...
by PatrickA5
Mon Apr 02, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Checklist for Parents of Incoming Freshmen/To-Be Adult
Replies: 67
Views: 5225

Re: Checklist for Parents of Incoming Freshmen/To-Be Adult

BHs - Any suggestions about dos and donts on college shopping? Or leave it up to her completely ? This may be different at other schools, but my advice is DON'T buy all the required books prior to class. My first semester I ordered all my books that were on the syllabus, all marked required texts, ...
by PatrickA5
Wed Mar 28, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 11371

Re: How Do You Value Your Home for Net Worth Purposes?

I use Zillow. It's low, but good enough. The only reason I calculate Net Worth is to keep track of where I stand financially over the years. Having 20 years of Net Worth is interesting (at least to me). No other reason.
by PatrickA5
Wed Mar 28, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 9636

Re: How old were you when you started spending your “principal”?

Not sure what "principal" means. It sounds like most people are saying whatever their retirement savings balance was on the date they retired was their "principal". Of course, even that beginning balance contained money actually contributed (Principal) and money gained over the many years of pre-ret...
by PatrickA5
Wed Mar 28, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Any reason to not file significant other as dependent
Replies: 7
Views: 1416

Re: Any reason to not file significant other as dependent

I suppose if your SO truly qualify as a qualifying relative, why not? I can't really think of anything that would come back to haunt you. It would get you an extra exemption (at least for 2017). Not relative, but apparently they don't need to be a relative. Who's the "they"? Do you have more than O...
by PatrickA5
Tue Mar 27, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 127
Views: 8708

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

khh wrote:
Mon Mar 26, 2018 10:42 pm
Call the IRS and ask.
Bad idea. The IRS person on the phone can tell anything they want, but it might not be right and it won't get you off the hook if the IRS later say's differently. I guess you could pay some bucks for a Private Letter Ruling.
by PatrickA5
Tue Mar 27, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to not file significant other as dependent
Replies: 7
Views: 1416

Re: Any reason to not file significant other as dependent

I suppose if your SO truly qualify as a qualifying relative, why not? I can't really think of anything that would come back to haunt you. It would get you an extra exemption (at least for 2017).
by PatrickA5
Tue Mar 27, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Kiplingers Retirement Report
Replies: 17
Views: 3787

Re: Kiplingers Retirement Report

I've taken Kiplingers magazine for years - back when it was Changing Times magazine. I've been taking the Retirement Report for probably the last 5 years. I can't say that I really can recommend either. I read so much of this financial stuff, that I rarely read anything that could change my financia...
by PatrickA5
Tue Mar 27, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: How to Endorse a Check Made out to an Estate
Replies: 16
Views: 5005

Re: How to Endorse a Check Made out to an Estate

You shouldn't have any trouble. Endorse it as written and deposit it in the joint account. The bank will probably accept it, although I wouldn't raise the question with them. Gill Good idea. I went ahead and endorsed as suggested and deposited it using my mobile phone app. Hopefully, it will go thr...
by PatrickA5
Sun Mar 25, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: How to Endorse a Check Made out to an Estate
Replies: 16
Views: 5005

Re: How to Endorse a Check Made out to an Estate

You shouldn't have any trouble. Endorse it as written and deposit it in the joint account. The bank will probably accept it, although I wouldn't raise the question with them. Gill Good idea. I went ahead and endorsed as suggested and deposited it using my mobile phone app. Hopefully, it will go thr...
by PatrickA5
Sun Mar 25, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: How to Endorse a Check Made out to an Estate
Replies: 16
Views: 5005

Re: How to Endorse a Check Made out to an Estate

It is probably a matter of state law, but if there was no probate, were you ever appointed executor? When I settled an estate I did get letters of administration and opened a bank account for the estate. Before I had the bank account I did get hassles with checks made out to the deceased or to the ...
by PatrickA5
Sun Mar 25, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: How to Endorse a Check Made out to an Estate
Replies: 16
Views: 5005

How to Endorse a Check Made out to an Estate

I've been handling my fathers estate over the last couple of months. There was no probate. Everything (including house) was either TOD or jointly owned. We're down to the final few utility bills before the house closes this week. Anyway, I received a check made out to "The estate of Dad". How would ...
by PatrickA5
Thu Mar 15, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: simplifying my financial life -- should i get rid of treasury direct?
Replies: 47
Views: 5265

Re: simplifying my financial life -- should i get rid of treasury direct?

Closed our TD accounts a couple of years ago as part of a major simplification plan.

We're down to one B&M Bank, Ally, Vanguard and a 529 plan. I don't think I can get it any simpler than that.
by PatrickA5
Thu Mar 15, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: If you were to fully fund 2 Roths 22k tommorow.
Replies: 20
Views: 1652

Re: If you were to fully fund 2 Roths 22k tommorow.

cfs wrote:
Thu Mar 15, 2018 7:31 pm
Another vote for Vanguard LifeStrategy Moderate Growth.

https://personal.vanguard.com/us/funds/ ... true#tab=0

Good luck, y gracias por leer ~cfs~
Did you notice the ER went down to .13% Yee haw!