Search found 53 matches

by mbcruiser
Sat Feb 06, 2021 12:22 pm
Forum: Personal Investments
Topic: Vanguard website - link new bank account annoyance
Replies: 29
Views: 2030

Re: Vanguard website - link new bank account annoyance

No, Vanguard makes only the deposits. No reverse debit. I did this process last week and it worked perfectly. There was a reverse debit for the deposit total I recently helped a friend set up info on Vanguard to connect a credit union account. The CU lumped both Vanguard incoming deposits together ...
by mbcruiser
Mon Aug 17, 2020 12:22 pm
Forum: Personal Consumer Issues
Topic: RV Camping near DC
Replies: 6
Views: 634

Re: RV Camping near DC

While the campground in Greenbelt Park (National Park Service) is closed till some time in 2021, it might be another option as the College Park-U of MD Metro station is about three miles from the park entrance.
https://www.nps.gov/gree/index.htm
by mbcruiser
Sat Jul 04, 2020 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Need to Pay Estimated Taxes for Social Security?
Replies: 31
Views: 2651

Re: Need to Pay Estimated Taxes for Social Security?

My parents get only Social Security and interest income as they are retired and on Medicare. They have no other deductions so just take the standard deduction. Currently they do not withhold any taxes from their payment. I was looking if I can change it online for them, but it seems the only option...
by mbcruiser
Tue Jun 09, 2020 3:56 pm
Forum: Personal Consumer Issues
Topic: Trip to Alaska in August/Sep
Replies: 17
Views: 1775

Re: Trip to Alaska in August/Sep

Fly into Juneau. Mendenhall Glacier/tram to Mt. Roberts/charter boat fishing for salmon& halibut. You can take a helicopter tour that lands on the glacier. From Juneau fly/boat to Glacier Bay.......take boat tour of Glacier Bay/charter boat fishing for same. If thinking about this yr, consider ...
by mbcruiser
Wed May 06, 2020 8:32 am
Forum: Personal Consumer Issues
Topic: can't log on [to Vanguard website]
Replies: 70
Views: 3206

Re: can't log on [to Vanguard website]

With Chrome & Win 10, had the same problem last night consistent with previous posts, but I just successfully logged on from Vanguard home page after going through the 2 step authentication.
Hopefully last night's issue's been resolved.
by mbcruiser
Sat Apr 11, 2020 11:34 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 30310

Re: just got my $1200 stimulus payment

My son is 17 and will be turning 18 years old in November. Will we receive $500 for him or is he considered an adult at this point? Total household income of just under 100k.. The rules of dependency aren't always a simple yes or no proposition. IRS definition of a " dependent ": "To...
by mbcruiser
Sat Apr 04, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Do I owe fed taxes on my state tax refund?
Replies: 18
Views: 1589

Re: Do I owe fed taxes on my state tax refund?

IRS Publication 525 Taxable and Nontaxable Income https://www.irs.gov/pub/irs-pdf/p525.pdf is where instructions for how state tax refunds are determined to be taxable or not are found. See Worksheet 2. Recoveries of Itemized Deductions for how it's calculated if software help isn't available.
by mbcruiser
Tue Mar 24, 2020 11:00 am
Forum: Personal Investments
Topic: How do you keep of track of capitol loss carryover ??
Replies: 22
Views: 1801

Re: How do you keep of track of capitol loss carryover ??

Don't forget to see how long term carryover relates to your state tax returns (assuming you're in a state with income tax requirements). In Wisconsin, for example, capital loss carryover is limited to $500 per year (vs. Federal $3,000 limitation), a significant difference.
by mbcruiser
Thu Mar 05, 2020 4:25 pm
Forum: Personal Consumer Issues
Topic: Yet another mysterious unsolved problem with the Honda CRV [Infotainment Screen]
Replies: 41
Views: 5493

Re: Yet another mysterious unsolved problem with the Honda CRV [Infotainment Screen]

2017 CRV-EX here... I had the same problem (random and annoying like previous posts), took it in where the dealer claimed that Honda had a software update (though no specifics except "recall performed" cited on the work order). [less than 2 years into the warranty period & with 19,000 ...
by mbcruiser
Mon Mar 02, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Worth using a CPA for my taxes this year?
Replies: 39
Views: 2779

Re: Worth using a CPA for my taxes this year?

seawolf21 is right. CPA designation doesn't necessarily mean he/she is a tax expert/professional. Some are, some aren't. An Enrolled Agent (EA - the IRS designation) is the more accurate tax professional suited for your question. Check out https://www.irs.gov/tax-professionals/enrolled-agents/enroll...
by mbcruiser
Fri Jan 24, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best tax software for estimating taxes
Replies: 21
Views: 2324

Re: Best tax software for estimating taxes

a quick online calculator: It's easy to use using various what if scenarios; https://cotaxaide.org/tools/Estimated%2 ... sheet.html
by mbcruiser
Sat Jan 11, 2020 5:11 pm
Forum: Personal Investments
Topic: Roth IRA Conversion tax free?
Replies: 16
Views: 1739

Re: Roth IRA Conversion tax free?

a quick online calculator since entire amount converted would be taxable. It's easy to use using various what if scenarios;
https://cotaxaide.org/tools/Estimated%2 ... t.html[url][/url]
It automatically computes SS portion (if any) that would be taxable.
by mbcruiser
Mon Nov 25, 2019 4:24 pm
Forum: Personal Investments
Topic: tax software to testing future scenarios?
Replies: 6
Views: 518

Re: tax software to testing future scenarios?

A 1040 exel spreadsheet that you can download is at https://sites.google.com/site/excel1040/home/ I downloaded this last year, and it worked pretty well for playing with different scenarios. However, it's a 2018 version. 2019 is still pending, but there is an estimator for helping getting started. I...
by mbcruiser
Mon Sep 23, 2019 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Calculate my 2020 federal taxes
Replies: 9
Views: 2001

Re: Calculate my 2020 federal taxes

another option to calculate estimated 2019 Federal tax return numbers -- http://cotaxaide.org/tools/Estimated%20Tax%20Worksheet.html For estimating purposes, the QCD amount is not taxable. See https://www.irs.gov/pub/irs-pdf/p590b.pdf A qualified charitable distribution can satisfy all or part the a...
by mbcruiser
Mon Jul 29, 2019 9:45 am
Forum: Personal Investments
Topic: Drawing from Portfolio to Delay Social Security
Replies: 16
Views: 2152

Re: Drawing from Portfolio to Delay Social Security

There are lots of moving parts to your decision on SS and drawing from taxable accounts. I would consider pulling the funds from the tax sheltered accounts to reduce the RMDs at 70 1/2 as it will be 100% taxable. SS if drawn at 70 will be at the most 85% taxable which makes it more valuable than th...
by mbcruiser
Mon Jul 01, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated SS and Windfall Elimination Provision
Replies: 17
Views: 1670

Re: Estimated SS and Windfall Elimination Provision

The maximum amount of the reduction may be overstated. I have circumstances similar to yours with similar numbers, and I'd suspect that your Online Calculator estimate is more likely what you can expect. There will be some benefit albeit reduced even with a pension from non-SS employment. I my case,...
by mbcruiser
Wed Jun 19, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Which version of tax software do I need?
Replies: 4
Views: 305

Re: Which version of tax software do I need?

Your situation [CSRS, SS, etc.] sounds like it might be perfect opportunity to use AARP's free tax service https://www.aarp.org/money/taxes/aarp_taxaide/. AARP membership is not required, and the program is found in many communities around the country: https://www.irs.gov/individuals/find-a-location...
by mbcruiser
Fri May 17, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit union for mortgage?
Replies: 26
Views: 2101

Re: Best credit union for mortgage?

Shop around. I've had a credit union mortgage that never was serviced by any other institution. That one even made refi's simple when rates fell. From beginning to payoff, it was always in the same credit union. But then I've had another mortgage (after moving to another state) where the best rate w...
by mbcruiser
Sat Apr 06, 2019 1:41 pm
Forum: Personal Investments
Topic: Filing Form 8606 after 2018 taxes are done
Replies: 19
Views: 1664

Re: Filing Form 8606 after 2018 taxes are done

If the contribution to the Traditional IRA was designated for 2018 (eligible till April 15, 2019), and the conversion to the ROTH IRA was done now (2019), then you should amend the 2018 tax return to reflect the contribution. The amount converted will appear as a distribution on your 1099-R for 2019...
by mbcruiser
Mon Mar 25, 2019 8:25 am
Forum: Personal Consumer Issues
Topic: East coast road trip with young kids, any stops?
Replies: 27
Views: 1703

Re: East coast road trip with young kids, any stops?

A fun stop along the CT Turnpike in Orange, CT (near New Haven) is the Pez Museum https://us.pez.com/pages/visitor-center-faqs
by mbcruiser
Mon Feb 18, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Question re Taxes on Dividends
Replies: 22
Views: 1220

Re: Question re Taxes on Dividends

a free excel spreadsheet that would allow you to do the "what if's" for 2018 .
https://sites.google.com/site/excel1040/home/
by mbcruiser
Sat Feb 16, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Charities approved to receive QCDs
Replies: 11
Views: 473

Re: Charities approved to receive QCDs

See page 13,IRS Publication 590b at https://www.irs.gov/pub/irs-pdf/p590b.pdf.
You must be at least age 70&1/2 when the distribution was made.
A Qualified Charitable Distribution will count towards your required minimum distribution,
by mbcruiser
Sat Jan 12, 2019 12:01 pm
Forum: Personal Investments
Topic: Tax software for filing state returns
Replies: 12
Views: 697

Re: Tax software for filing state returns

Check your state tax/revenue department website as some states let you e-file their returns [free] directly on their website (e.g Utah at https://incometax.utah.gov/; Wisconsin at https://www.revenue.wi.gov/Pages/WI-efile/home.aspx, etc.) assuming Federal is completed. Conditions and criteria vary, ...
by mbcruiser
Sat Nov 17, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Navigating Venice Italy Transportation System
Replies: 19
Views: 1630

Re: Navigating Venice Italy Transportation System

We were in Venice a couple of months ago.... did a lot of walking (multiple times around the city because it's a great way to easily escape the touristy places though San Marcos Square wasn't too busy). We spent some time finding the traghetto for a €2 gondola ride across the Grand Canal, but 2 of u...
by mbcruiser
Wed Nov 14, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Interested in filing my own taxes
Replies: 9
Views: 1195

Re: Interested in filing my own taxes

irs.gov offers alternative ways to file electronically. Depending on your circumstances you may qualify for free e-filing. For less complex returns most alternative e-file options are reasonably simple to navigate. (https://www.irs.gov/filing/e-file-options).
by mbcruiser
Thu Mar 22, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Which state to file taxes in?
Replies: 14
Views: 1226

Re: Which state to file taxes in?

Like most tax related questions, the answer is 'it depends'.
Here is link to help you sort it out for California:
https://www.ftb.ca.gov/forms/2015/15_1031.pdf
by mbcruiser
Fri Jan 19, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Learning Swimming @ 40+
Replies: 37
Views: 3292

Re: Learning Swimming @ 40+

I had similar fears when it came to downhill skiing... but when my teenage son (similarly cautious) took a lesson or two, it was a "team" thing with him (me well after age 40). Instructor was very smart...she told me to only do what is 'comfortable' (i.e. without having to prove anything t...
by mbcruiser
Tue Sep 05, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Deductibility of LTC premiums
Replies: 7
Views: 1208

Re: Deductibility of LTC premiums

On Schedule A (Itemized deductions) LTC premiums can be deducted as a medical expense, subject to limitations based on age. See https://www.irs.gov/pub/irs-pdf/i1040sca.pdf and https://www.irs.gov/pub/irs-pdf/p535.pdf As you paid a lump sum, little if any of the premiums will get much of a deduction...
by mbcruiser
Thu Aug 03, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: Buy EZ Pass transponder for road trip?
Replies: 45
Views: 11308

Re: Buy EZ Pass transponder for road trip?

I got an Illinois I-Pass (as a nonresident) a few years ago - they're good for 7 years. No charge, except to pre-load $20 in the account and set up auto reload feature with a credit card. Fine print said that when the transmitter is returned, balance of account will be refunded (but it costs nothing...
by mbcruiser
Sat Mar 25, 2017 8:12 am
Forum: Personal Consumer Issues
Topic: Credit cards in Iceland
Replies: 8
Views: 2823

Re: Credit cards in Iceland

Like previous post, also just returned from Iceland last Wed. Spent 2.5 days there, never took out any Iceland cash, and managed just fine. VISA & MC worked like anywhere else... but for some reason my VISA PIN was required at the gas pumps, and since I can never remember it, I ended up pulling ...
by mbcruiser
Tue Dec 13, 2016 5:42 pm
Forum: Personal Consumer Issues
Topic: How old is your vehicle?
Replies: 200
Views: 20961

Re: How old is your vehicle?

1992 Honda Accord (yes 25 years old)
bought it 5 years ago with 102,000 mi.; (replaced fluids, timing belt, muffler, master cylinder, and distributor).
now has 121k.
Runs like a top .
Wanting a new one, but it still beats 0% interest, $0 down, $0 payments, blah, blah!.
What can I say, it's a Honda.
by mbcruiser
Sun Dec 04, 2016 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: American Opp Tax Credit - 4 year rule?
Replies: 14
Views: 6983

Re: American Opp Tax Credit - 4 year rule?

See IRS.GOV (it's a wealth of information) { https://www.irs.gov/individuals/aotc } and IRS Publication 970 To be eligible for AOTC, the student must: -Be pursuing a degree or other recognized education credential -Be enrolled at least half time for at least one academic period* beginning in the tax...
by mbcruiser
Tue Jul 12, 2016 6:50 am
Forum: Personal Consumer Issues
Topic: Passwords
Replies: 72
Views: 9839

Re: Passwords

I've used https://sourceforge.net/projects/passwordsafe/ for years. It's simple, secure, and syncs readily with my pc, android phone, and tablet. It's free as well.
by mbcruiser
Thu Jun 16, 2016 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of home 1099-S
Replies: 7
Views: 1060

Re: Sale of home 1099-S

See IRS https://www.irs.gov/pub/irs-pdf/i8949.pdf (IRS Form 8949 Instructions). It has to be reported if 1099-S is issued. Form 8949 Part II will need Code "H" in column "f" to indicate the exclusion for the sale. The rest of Part II Line 1 Form 8949 should also be completed and ...
by mbcruiser
Wed May 25, 2016 4:29 pm
Forum: Personal Consumer Issues
Topic: Zenni Optical
Replies: 39
Views: 10595

Re: Zenni Optical

I am too am an advocate for Zenni.... we've purchased at least a half a dozen pairs of glasses (including Rx sunglasses) and have been totally satisfied. My current pair, progressive lenses with mid-level lens material, and the usual anti-scratch, etc. coatings, cost less than $70 (vs. $200 at Sams ...
by mbcruiser
Wed Apr 20, 2016 4:00 pm
Forum: Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 11053

Re: What do you wish you had known in your early 20's?

It's all been said already......Pay self first., ..forego that $3 coffee and pocket it in ROTH....etc. Be suspicious of "financial planners" that are really sales reps for load funds that will take up to 7.5% of your initial investment and then the institution takes a heavy admin "fee...
by mbcruiser
Tue Apr 05, 2016 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Question about Paying Medicare Part B Premium
Replies: 5
Views: 877

Re: Question about Paying Medicare Part B Premium

As one who was in the same boat, the paper billing from Medicare (that let's you charge to a credit card) is for a quarterly amount (i.e. every three months payment is due).
by mbcruiser
Mon Mar 07, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: 2015 Federal taxes due and amending return
Replies: 8
Views: 1056

Re: 2015 Federal taxes due and amending return

If it were me, I would file the 1040-X now, include payment for the correct amount of balance due :moneybag, and be done with it. Why? Because the 1040-X date will probably be date stamped as having been received "on time" (i.e. BEFORE the 2015 filing deadline of April 18, 2016) and your p...
by mbcruiser
Tue Jan 26, 2016 11:24 pm
Forum: Personal Consumer Issues
Topic: Anyone driven Oregon to Chicago in Jan-Feb?
Replies: 25
Views: 3531

Re: Anyone driven Oregon to Chicago in Jan-Feb?

Much has been said, so here's my $.02 --- I-84 Portland to Utah, then I-80 all the way to Chicago Made the trip in Jan many times...... just watch forecast for each section. Generally a 3-4 day weather forecast is a sufficient window to make the go/no go decision. Google "I-80 weather", an...
by mbcruiser
Thu Jan 14, 2016 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employees Group Life Insurance After Retirement
Replies: 15
Views: 3715

Re: Federal Employees Group Life Insurance After Retirement

I think the basic coverage is nothing more than burial insurance after age 65.... so I kept it if for no other reason
by mbcruiser
Wed Apr 15, 2015 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Tax Preparer Guarantees
Replies: 11
Views: 1709

Re: Tax Preparer Guarantees

HRBlock's POMG is actually $35 above their prep charges, and also covers audit representation (HRB Enrolled Agent who will go to any IRS/state audit if required) and the $5,500 of additional tax if HRB made the error. The POWG covers the 3 years that returns are normally open to review and amending,...
by mbcruiser
Thu Apr 09, 2015 3:06 pm
Forum: Personal Consumer Issues
Topic: Should I buy extended warranty for our new Toyota Sienna
Replies: 50
Views: 36164

Re: Should I buy extended warranty for our new Toyota Sienna

Anytime I get offered the "opportunity" to buy an extended warranty on ANYTHING, I just ask the salesperson ( :greedy ) why are they selling me a product that needs it anyway? I tell them, "are you telling me that you are selling me an inferior product such that the regular warranty i...
by mbcruiser
Wed Mar 18, 2015 10:25 am
Forum: Personal Consumer Issues
Topic: What's a good digital antenna?
Replies: 28
Views: 6315

Re: What's a good digital antenna?

With a few coat hangers and less than $3 in hardware and a 75-300 ohm transformer, you can make your own.... http://www.tvantennaplans.com/ or http://www.how-to-diy.org/wzMTJFiXmlhQWE/Coat-Hanger-HDTV-Antenna!.html I have made several for self and friends and one works perfectly some 45 miles from t...
by mbcruiser
Wed Jan 14, 2015 11:52 am
Forum: Personal Finance (Not Investing)
Topic: 401k Rollover to IRA to Roth Conversion
Replies: 5
Views: 644

Re: 401k Rollover to IRA to Roth Conversion

Vanguard has already posted 2014 1099-R for my accounts online. For the Rollover IRA to ROTH conversion, the only distribution code is 07 (Normal distribution - I'm over 59 & 1/2 yrs old). I don't believe there is a code for RIRA conversion to ROTH. Instead, the annual statement for your ROTH ac...
by mbcruiser
Mon Dec 15, 2014 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Insurance and Medicare
Replies: 8
Views: 1342

Re: Federal Retiree Insurance and Medicare

FEHBP is still your primary if retired but not yet on Medicare (age 65 for most folks). After Medicare Parts A & B start, then FEHBP is secondary.

Also note previous comment re: GEHA STANDARD vs. HIGH OPTION with Medicare.