Search found 409 matches

by Frisco Kid
Thu Jan 16, 2020 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to report estimated tax payments
Replies: 4
Views: 450

Re: How to report estimated tax payments

I see estimated tax payments now go on Schedule 3......
by Frisco Kid
Thu Jan 16, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to report estimated tax payments
Replies: 4
Views: 450

How to report estimated tax payments

2019 was first year paying estimated taxes. How are the payments reported on form 1040? internet search says use a Schedule 5 but cannot find on www.irs.gov website.
by Frisco Kid
Thu Jan 02, 2020 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Forms Availability
Replies: 4
Views: 612

Tax Forms Availability

Unable to find 2019 tax forms on the California Franchise Tax Board website, is anyone else having this problem? Also do not see 2019 iRS 1040 instructions on their website. Forms are there however latest instructions are 2018. Am i missing something? as alwaays appreciate all input/suggestions.
by Frisco Kid
Wed Nov 06, 2019 11:39 am
Forum: Personal Investments
Topic: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash
Replies: 38
Views: 2781

Re: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash

+1000 for Rick Bogleheads suggestion of reading a book. i suggest Simple Wealth, Inevitable Wealth 20th Anniversary Edition by Nick Murray. Google him, this book was suggested reading by Josh Brown on his blog.
by Frisco Kid
Thu Sep 12, 2019 8:39 am
Forum: Personal Investments
Topic: Determining cost basis of inherited shares of stock
Replies: 25
Views: 1663

Re: Determining cost basis of inherited shares of stock

Using Netbasis was able to obtain a cost basis per share as of the date of her death in 1990. They adjust for all stock splits as part of their calculation. On that date she had 353 shares at $73.62 per share. Those shares over the years through splits became 1412 shares ( no dividends reinvested) a...
by Frisco Kid
Wed Sep 11, 2019 4:13 pm
Forum: Personal Investments
Topic: Determining cost basis of inherited shares of stock
Replies: 25
Views: 1663

Re: Determining cost basis of inherited shares of stock

Delamer makes a good point. Let me re-word my question. I inherited jointly with my dad in 1990 all the shares upon my mothers death. The question is do I receive a stepped up basis on my dads shares upon his death in 2013 and if so how is it calculated? Sorry if I confused anyone.
by Frisco Kid
Wed Sep 11, 2019 2:11 pm
Forum: Personal Investments
Topic: Determining cost basis of inherited shares of stock
Replies: 25
Views: 1663

Re: Determining cost basis of inherited shares of stock

Want to be sure I understand..... upon my mom's death in 1990 I inherited jointly with my dad 1/2 the shares at market price the day of her death and the other half of the shares at market price the day of my fathers death in 2013? That would be significant as the share price difference is roughly $...
by Frisco Kid
Wed Sep 11, 2019 10:03 am
Forum: Personal Investments
Topic: Determining cost basis of inherited shares of stock
Replies: 25
Views: 1663

Re: Determining cost basis of inherited shares of stock

OP here, thanks for everyone's input. Shares were owned jointly as of 10/1990 so cost basis is as of that date. Was able to get that information from Netbasis so question is answered. In retrospect had shares been left entirely to Dad in 1990 then to me in 2013 stepped up basis would have been signi...
by Frisco Kid
Wed Sep 11, 2019 7:45 am
Forum: Personal Investments
Topic: Determining cost basis of inherited shares of stock
Replies: 25
Views: 1663

Determining cost basis of inherited shares of stock

Cost basis question, any information will be greatly appreciated...... My mother bought shares of CVX through her ESPP plan while employed there. When she passed away back in 1990 those shares were inherited jointly by myself and my father. He used the dividends for income during those years and no ...
by Frisco Kid
Sat Aug 24, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Bought a home a year back, thinking of selling now
Replies: 51
Views: 5620

Re: Bought a home a year back, thinking of selling now

I suspect OP is debt adverse and a worrier as many people are.
by Frisco Kid
Tue Jul 02, 2019 9:45 am
Forum: Personal Consumer Issues
Topic: 2019 Subaru Forester Eyesight System?
Replies: 101
Views: 6450

Re: 2019 Subaru Forester Eyesight System?

Find it interesting that so many posting here don't understand why OP would want to disable this feature. I also would as am quite content driving my vehicle without any electronic interventions. These things to me are not features but distractions and something else to break. Auto start/stop bother...
by Frisco Kid
Tue Jun 25, 2019 8:55 am
Forum: Personal Consumer Issues
Topic: Good Volvo dealership for warranty service in Orlando area? Parallel parking malfunction, etc.
Replies: 13
Views: 1042

Re: Good Volvo dealership for warranty service in Orlando area? Parallel parking malfunction, etc.

Unfortunately for the end user as cars become more and more complex these kinds of issues will be commonplace. As a former tech experience tells me the challenge at the shop level whether dealer or independent is that of training. Looking forward beyond warranty coverage a lot of issues with technol...
by Frisco Kid
Sun May 12, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 6153

Re: Can we really afford $1.25M house?

California state income tax will hit you hard selling that amount of stocks to fund your down payment, don't forget to factor that in. Are kids in your future? You mentioned that you were newly married, makes sense to me to let her find employment, reduce your spending and concentrate on saving your...
by Frisco Kid
Thu May 09, 2019 8:49 am
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 7284

Re: I have a car problem - $100K+ Cars

Must consider transaction costs as well. A resident of a no sales tax state, Oregon for example on a $150k purchase would have a huge cost advantage over say a California resident like me. Registration costs alone would vary greatly as well. The CA owner would need to sell a year later for $16.5 k o...
by Frisco Kid
Sat Apr 27, 2019 7:49 am
Forum: Personal Consumer Issues
Topic: Wifi extenders vs Mesh network
Replies: 54
Views: 4618

Re: Wifi extenders vs Mesh network

Mesh worked best for us as well, set up by internet provider. Not the least expensive way long term but have no worries when there are issues. Tried an extender first with poor results. Our home is small was a bit surprised extender didn't get satisfactory results.
by Frisco Kid
Fri Apr 26, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: For those with years on me...Can I afford this home?
Replies: 70
Views: 5164

Re: For those with years on me...Can I afford this home?

As others have said, you can easily afford it. What are your property taxes and HOA fees for your current residence? New place looks about $900 monthly. Having no mortgage at your age is impressive, would stop and smell the roses on that. Am I correct in interpreting that your wife does not appear t...
by Frisco Kid
Wed Apr 17, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 15994

Re: In Laws Retirement Nest Egg

Well OP, you asked so here goes. Fortunately for you , you were raised with a silver spoon in your mouth that appears to still be in place. Count your blessings, I suggest you spend the time you are now using worrying about your in-laws to perhaps become an avid seeker of wisdom which is something y...
by Frisco Kid
Mon Apr 15, 2019 6:45 pm
Forum: Personal Investments
Topic: Itemized deduction for CA Taxes
Replies: 11
Views: 1264

Re: Itemized deduction for CA Taxes

If you do hard copy taxes you will use Form 540 Part II Adjustments page. California is non conforming on SALT so amounts over $10k Federal limit can be a California itemized deduction. Part II is a bit involved, easy to err unless you follow closely line by line instructions.
by Frisco Kid
Thu Apr 11, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Replacing Main car to get better safety features
Replies: 51
Views: 2392

Re: Replacing Main car to get better safety features

To me this is one of those perception is reality topics for many. Do newer cars have updated safety features...Yes. Are they nice to have...Yes. Are they a necessity given OP's mileage...probably not. So to me this is a want versus a need. If a persons goal is to always drive a car with the latest a...
by Frisco Kid
Thu Apr 11, 2019 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 10411

Re: Buying a house next year. Wife wants a big house. Thoughts?

+ 1000 on the OP and spouse wanting different things. IMHO that needs to be addressed and common ground found before doing anything. The cost of a larger home is just the beginning, taxes maintenance, additional furnishings, etc. Can be a one way ticket on the hedonistic treadmill.
by Frisco Kid
Thu Apr 04, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)
Replies: 54
Views: 4280

Re: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)

OP would suggest you stay put.............. Get your pension vesting and buy the townhouse. Many would envy your CURRENT situation.

zeal...... congrats as you are wise beyond your years IMHO.
by Frisco Kid
Fri Mar 29, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Retirement: What expenses did you reduce?
Replies: 63
Views: 4903

Re: Retirement: What expenses did you reduce?

For us we reduced retirement savings and watch what we buy (wants). 2019 is our gap year before we start SS. Other than that nothing else.
by Frisco Kid
Mon Mar 25, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: Family man who misses driving a fun car
Replies: 181
Views: 14378

Re: Family man who misses driving a fun car

Life is all about compromises. Have learned many times that if you wait for everything to be "right" many times that day never comes. While we have no kids, we do have 4 cars, two daily drivers and two fun cars. Single car garage for one fun car, driver car in the driveway, second fun collector car ...
by Frisco Kid
Wed Mar 13, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: Tax return maybe lost in the mail
Replies: 12
Views: 1361

Re: Tax return maybe lost in the mail

In the future consider mailing it certified adding proof of delivery using postal form 3811. This form will be mailed back to you with a date stamp confirming it was received. Have done this for both federal and state tax returns for many years with no issues.....
by Frisco Kid
Mon Feb 25, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Who does their own taxes?
Replies: 111
Views: 8445

Re: Who does their own taxes?

Continue to do our taxes the old fashioned way using a canary pad, pencil and calculator. Forms now online so print out but other than that no changes in doing them since 1970. Still mail certified return receipt requested. Tried software but found it actually took longer to type in all the informat...
by Frisco Kid
Thu Feb 07, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: $10,000 for a bed?
Replies: 36
Views: 2551

Re: $10,000 for a bed?

You aren't missing anything, you simply have a totally opposite view of the value of a $10,000 bed. Both of you are correct....to quote a BMW add..."Perception is Reality" Different strokes for different folks!
by Frisco Kid
Wed Feb 06, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 135
Views: 12272

Re: How much do you keep in checking?

Retired keeping a minimum of $2500 to a maximum of two months expenses $20k
by Frisco Kid
Sun Feb 03, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: Standby Generator Battery
Replies: 9
Views: 775

Re: Standby Generator Battery

Always good to keep in mind that a portable jump starters ability to jump start a discharged battery has many variables, primarily what is current voltage of battery to be charged and state of charge in jump starter. Short of the long the theory is correct but the end result can be jump starter cann...
by Frisco Kid
Tue Jan 29, 2019 9:51 am
Forum: Investing - Theory, News & General
Topic: What did you learn from 2018 in the markets?
Replies: 114
Views: 9093

Re: What did you learn from 2018 in the markets?

Interesting post. As I read the individual responses I try to determine what stage of life people are in. As a recent retiree now entering the distribution phase using investments as a gap to taking SS am very glad having re-balanced to 60/40 primarily from what have learned here. thank you for that!
by Frisco Kid
Thu Jan 17, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 129
Views: 9035

Re: How much house can I afford (really)?

A few red flags for me. If you only have mortgage debt your spending to me looks like a runaway train! You spent roughly $160k in the last year, that,s a LOT of $ (Discretionary only was 12.5% of the new house!) The equity you include in your net worth calculation is roughly 30%,look at your net wor...
by Frisco Kid
Sat Jan 12, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 69
Views: 4547

Re: Brake fluid replacement?

The shop that I use typically tests the moisture content of the brake fluid as part of their inspection, above 4% they recommend changing it. While I typically have this service done have not studied at what moisture % safety becomes an issue. Has anyone looked into this?
by Frisco Kid
Tue Jan 08, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 8691

Re: Safe withdrawal rate at 38 years old

How many years of current expenses would the sale price of your company represent? You could have a 60 year time horizon to cover.
by Frisco Kid
Tue Jan 08, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: When did tax planning become important for you?
Replies: 20
Views: 1608

Re: When did tax planning become important for you?

Same thoughts as Shallow Pockets. Recently retired and looking to defer SS until 1/2020 will start selling investments with long term capital gains up to top of 0% MFJ bracket. Tax efficiency is a top priority and always on my mind.
by Frisco Kid
Sun Jan 06, 2019 5:58 pm
Forum: Investing - Theory, News & General
Topic: How do you view a savings surplus in retirement?
Replies: 117
Views: 6808

Re: How do you view a savings surplus in retirement?

In the OP's example of having a 25% overage in the amount of 250K I would consider perhaps 20% of the overage (50K) as spendable, otherwise it is a cushion in my mind.
by Frisco Kid
Fri Jan 04, 2019 7:34 pm
Forum: Personal Consumer Issues
Topic: New marketing twist on Extended Warranties? Cost of replacing Sensors if you wreck your new SUV
Replies: 44
Views: 3014

Re: New marketing twist on Extended Warranties? Cost of replacing Sensors if you wreck your new SUV

Will not get into where/when of buying a manufacturers extended warranty however do believe they are now worth a look due to all the sensors, displays,computers, etc. Cost of ownership for whatever you choose to drive is only going to go up. My other future concern is parts availability for those of...
by Frisco Kid
Fri Jan 04, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 4122

Re: master suite features for addition

For us in addition to being adequately sized would be a walk in closet area with additional storage, large walk in shower and an 8 foot slider with a deck providing a view of our garden. Our small 5000 square foot lot and building codes would drastically limit our options.
by Frisco Kid
Sat Dec 29, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Affordability of SS Delay
Replies: 19
Views: 1716

Re: Affordability of SS Delay

It seems to me that covering your "gap years" while accelerating paying off your mortgage concurrently will result in a very high level of expense (burn rate) until SS kicks in. You mentioned the option of being able to have one spouse claim at FRA while the other files a restricted application for ...
by Frisco Kid
Sat Dec 29, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1484
Views: 388079

Re: What is your Year 2018 networth change?

Portfolio down about 6% @ 60/40. Primary residence up 11% in a VHCOL area. To answer OP's question am up about 5% overall but all it really represents is a number on a net worth statement.
by Frisco Kid
Fri Dec 28, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Why do people buy- performance cars?
Replies: 67
Views: 2769

Re: Why do people buy- performance cars?

OP, may I respectfully say that if you have to ask you just don't get it...........................
by Frisco Kid
Tue Dec 18, 2018 8:21 am
Forum: Personal Consumer Issues
Topic: Worx 20v battery leaf blower
Replies: 12
Views: 1146

Re: Worx 20v battery leaf blower

Presently using Green Works 80V garden tools. The hand held blower has sufficient run time and power for the average home owner and the battery recharges quickly.
by Frisco Kid
Tue Nov 06, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: 401K distributions before age 70 1/2 RMD's
Replies: 3
Views: 290

401K distributions before age 70 1/2 RMD's

How much flexibility at age 65 do we have in taking 401k distributions? Can we choose what we sell and when or do we need to rollover to an IRA?
by Frisco Kid
Thu Oct 25, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: Who profits from day to day market swings?
Replies: 13
Views: 1531

Who profits from day to day market swings?

Can't help but wonder given this years crazy market swings that somebody has got to be profiting almost on a daily basis buying the dips then selling immediately on the upswing? Thought it might make for an interesting discussion so please respond with your thoughts. The big swings this year seem so...
by Frisco Kid
Wed Oct 24, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: Car Gurus ... Air Filter Recommendations
Replies: 29
Views: 2775

Re: Car Gurus ... Air Filter Recommendations

Former technician here +1 for OEM
by Frisco Kid
Wed Oct 24, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Cat's dental work costs
Replies: 31
Views: 2636

Re: Cat's dental work costs

Op's quote includes oral surgery which tells me teeth are being extracted? If so quote is within reason. If this is cleaning ONLY quote does seem high.
by Frisco Kid
Mon Oct 22, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Implications of a (very) Appreciated House
Replies: 19
Views: 2290

Re: Tax Implications of a (very) Appreciated House

California is a community property state, have been told that would mean your MIL receives a step up in basis upon her husbands death. Can others verify?
by Frisco Kid
Wed Oct 17, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application
Replies: 3
Views: 431

Social Security Restricted Application

DW was born prior to 1/1/1954. Is she eligible to file a restricted application on my benefit after/if I claim at FRA in 1/2020? She then would take her full benefit at age 70 which is larger than mine. Is it correct that she would receive 1/2 my benefit until she files for her full benefit in 2023?
by Frisco Kid
Mon Oct 15, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Entering distribution phase of retirement
Replies: 2
Views: 630

Entering distribution phase of retirement

DH and I both retired now at age 65...thinking of strategies to defer SS as long as possible using available investments as sole income source. Monthly after tax expenses are $7000. Looking for BH wisdom and suggestions on whether to first liquidate stock holdings subject to long term capital gain r...
by Frisco Kid
Mon Oct 15, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 4680

Re: How Much Is Your Sewer Bill?

Old infrastructure here on SF Peninsula with large expenditures budgeted for maintenance/upgrades over the next few years. We pay flat rate sewer per parcel via property taxes, water is separate based on usage. Last year sewer only was $443 with an increase to $816 for this year. Future increases th...
by Frisco Kid
Thu Sep 27, 2018 6:33 pm
Forum: Personal Consumer Issues
Topic: Miele Dishwasher Installation
Replies: 3
Views: 917

Re: Miele Dishwasher Installation

We replaced a Miele with another Miele. The new one was very sensitive to the angle of the drain hose (our goes UNDER the floor) for it to drain properly. 4 years later all is fine
by Frisco Kid
Tue Sep 25, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 28196

Re: What is your single most expensive mistake?

Choosing to buy new cars for primary transportation (two drivers) owned 10 over the last 40 years.