Search found 525 matches

by AQ
Sat Jul 31, 2021 12:11 am
Forum: Investing - Theory, News & General
Topic: VG Removing Message Center [Vanguard]
Replies: 340
Views: 20087

Re: Why is Vanguard no longer allowing customers to contact them by secure email starting August 1?

I haven't run into any issues yet but I haven't done anything with my account. But these regular complaints about Vanguard customer services got me concerned. So much so I'm still holding out to convert to the new brokerage platform, since I don't want to make endless calls should something come up....
by AQ
Wed Jul 21, 2021 11:48 am
Forum: Personal Finance (Not Investing)
Topic: No delay for refunds if e-file?
Replies: 5
Views: 411

No delay for refunds if e-file?

Is it fair to assume I can expect no delay to get my tax refunds, if I e-file my 2020 tax? Multiply threads about backlogs but they seem related to amended taxes, or paper tax filing, etc. Still working on my tax for 2020 and hope to file it in the near future. Expect a refund based on my current ca...
by AQ
Mon Jul 19, 2021 5:44 pm
Forum: Investing - Theory, News & General
Topic: 10% drop of dividend income
Replies: 14
Views: 2450

10% drop of dividend income

I'm still working on my 2020 tax, and made an observation to share. Like many, my portfolio consists of a fixed income portion w/ cash, CD, various bonds (muni, Treasury, corporates, etc.) According to the tax software, my dividend income (including bank interests as well) decreased approximately 10...
by AQ
Sun Jun 13, 2021 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should I look for a new job or call it done?
Replies: 56
Views: 7546

Re: Should I look for a new job or call it done?

Thank you for all the valuable feedback. I have budgeted 25K for health care related cost and 25K for traveling. Are these numbers reasonable? I'm also interested in the answers. What I read is that if you don't get any subsidy, and if you go after a most expensive plan (PPO, low deductible, etc.),...
by AQ
Sat Jun 05, 2021 4:42 pm
Forum: Personal Investments
Topic: What do you do if brokerage misses interest or dividend payment?
Replies: 21
Views: 996

Re: What do you do if brokerage misses interest or dividend payment?

Honestly I never took the time to verify all dividends have been paid properly over the years. I suspect that is the case for most people? So should a payment is missing, I wouldn't know it.
by AQ
Wed Jun 02, 2021 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: IRA One-Rollover-Per-Year Rule - Clarification
Replies: 8
Views: 820

Re: IRA One-Rollover-Per-Year Rule - Clarification

I believe if OP transfers fund from IRA1 to IRA2, both of which are in Vanguard, then no 1099-R would be issued, and no tax reporting is required. Could someone either confirm or correct? Thanks.
by AQ
Fri May 14, 2021 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: What tax form for sale of LLC interests?
Replies: 12
Views: 755

Re: What tax form for sale of LLC interests?

Thanks to all. Based on your advice, I'm filing for extension and will retain a CPA. For extension, I need to figure out an estimate for my liabilities now before a CPA reviews it. Realized that figuring out the basis is complicated. But what is the gross proceeds? I couldn't find it anywhere on the...
by AQ
Thu May 13, 2021 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: What tax form for sale of LLC interests?
Replies: 12
Views: 755

Re: What tax form for sale of LLC interests?

Thanks for the comments so far. I realized it's a complex issue but tried to have a quick estimate of the tax liabilities to file an extension. For now, let me forget about 'basis' for the moment. It's a sale of LLC interest. Basically the LLC firm was sold to a mega corp. My biggest puzzle is that:...
by AQ
Thu May 13, 2021 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: What tax form for sale of LLC interests?
Replies: 12
Views: 755

Re: What tax form for sale of LLC interests?

Did the LLC sell its assets and distribute the proceeds? If so, the gain or loss on the sale of the assets will be shown on the members’ Schedules K-1. The members may have gain or loss on the liquidation of the LLC which they’ll report on their returns. Yes, the LLC sold the entire assets and dist...
by AQ
Thu May 13, 2021 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: What tax form for sale of LLC interests?
Replies: 12
Views: 755

What tax form for sale of LLC interests?

I had an interest in a multi-member LLC. In 2020 the entire LLC business was sold to a mega corp, and I ended with a small windfall. I would presume the now expired LLC would issue me a tax form similar to a 1099-B? Otherwise how should I prepare my tax returns, i.e. figure out basis/expense/sale pr...
by AQ
Wed May 12, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: The Biggest Mistakes People Make With Social Security
Replies: 169
Views: 17098

Re: The Biggest Mistakes People Make With Social Security

A trivial question but hope to get a direct answer: Suppose my own SS payment would be $2K monthly, and my spouse is a homemaker and doesn't have own SS benefit. For my planning purpose, can I assume together we'll get $3K?
by AQ
Mon May 10, 2021 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Annualized Income for tax filing: Form 2210
Replies: 5
Views: 300

Annualized Income for tax filing: Form 2210

I was lucky to receive an unexpected taxable windfall late in 2020. I rushed to make an estimated tax payment. On the face of it, I appeared to make a balloon tax payment at the end of year. TurboTax indicated I'd be due a fairly big amount for underpayment penalty. So I'm trying to use the annualiz...
by AQ
Fri May 07, 2021 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: EFTPS re-sign-up, and DirectPay
Replies: 3
Views: 399

EFTPS re-sign-up, and DirectPay

I used to have an EFTPS account, but didn't use it for years and couldn't log in. IRS told me I had to re-sign up since a dormant account was wiped out (so after I re-open the account all previous records are gone?) Of course I could simply go straight to use DirectPay. My question is: if I re-sign ...
by AQ
Mon May 03, 2021 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: What if filing taxes late
Replies: 3
Views: 530

Re: What if filing taxes late

So the late tax penalty is 9% annualized. In this low rate environment, 9% is a bit stiff :(
by AQ
Mon May 03, 2021 11:13 am
Forum: Personal Finance (Not Investing)
Topic: What if filing taxes late
Replies: 3
Views: 530

What if filing taxes late

Always having filed tax on time until this year. I'm still waiting for some tax forms (K-1) and it looks likely I may not be able to get it done by the deadline only two weeks away. So want to plan it now. I could file a tax extension form for Fed (and for State as well?), but my understanding is th...
by AQ
Fri Apr 23, 2021 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Small residual balance at an old 401K
Replies: 1
Views: 148

Small residual balance at an old 401K

Recently I did a direct IRA rollover from a 401K of a former employer plan. The funny thing is after everything is done, my 401K account still has a small balance. This is the situation: I had a money market fund in the 401K, say, with a balance of 20K. Once this 20K balance moved out in the middle ...
by AQ
Mon Mar 29, 2021 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Should I quit/retire? Not a financial matter
Replies: 35
Views: 3659

Re: Should I quit/retire? Not a financial matter

Thanks for many insightful comments! For some questions asked, it's an at-will employment just like most people, and no formal contract was written about specific targets. It's just some mutual understanding in early days between hiring manager and me about the role, and some vague but ambitious goa...
by AQ
Sun Mar 28, 2021 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I quit/retire? Not a financial matter
Replies: 35
Views: 3659

Should I quit/retire? Not a financial matter

Thoughts on quitting came up more and more often in my mind these days. While financial numbers are an element in my consideration, there is really something else I'm struggling with. Here is my story: I was hired for my current position prior to pandemic to build up a new team and lead a new projec...
by AQ
Wed Mar 10, 2021 11:24 am
Forum: Personal Investments
Topic: VLGSX - A Short or Long Term Mistake?
Replies: 27
Views: 2793

Re: VLGSX - A Short or Long Term Mistake?

Thanks. I always thought LTT is a ticker for an ETF. Initially I thought it's a typo and people really referred to TLT, but then LTT keeps popoing up, so I would ask :D
by AQ
Wed Mar 10, 2021 11:03 am
Forum: Personal Investments
Topic: VLGSX - A Short or Long Term Mistake?
Replies: 27
Views: 2793

Re: VLGSX - A Short or Long Term Mistake?

What is LTT? This fund has been mentioned often in bond discussion, but somehow I couldn't find it. Is it TLT?

Also, any recommendation for long-term TIP funds/ETF? Most TIPs has duration below 10 years.
by AQ
Tue Mar 09, 2021 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: How to report Exempt Interest Dividends on 1099-div?
Replies: 6
Views: 401

Re: How to report Exempt Interest Dividends on 1099-div?

After you enter exempt interest TT asks you how much comes from each state. Report however much is exempt from CA tax as CA and the rest as More Than One State. Or break it into two entries, one for the state fund and the other for the national fund. My 1099-div actually covers quite a few other fu...
by AQ
Tue Mar 09, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to report Exempt Interest Dividends on 1099-div?
Replies: 6
Views: 401

How to report Exempt Interest Dividends on 1099-div?

I have a brokerage account which provided a consolidated 1099-DIV. In this account, I held a state muni fund and a national muni fund. Let's say I received 1K dividend from the state fund, and 2K from the national fund, for a total of 3K in Box 11. I'm using TurboTax. Now the issue is: in order to g...
by AQ
Mon Mar 08, 2021 11:50 am
Forum: Personal Finance (Not Investing)
Topic: How to determine capital loss carryover?
Replies: 15
Views: 676

Re: How to determine capital loss carryover?

I used TurboTax as well. TurboTax would automatically get the information from your 2019 file for your 2020 tax filing. I believe other tax software would do it as well
by AQ
Mon Mar 08, 2021 11:35 am
Forum: Personal Investments
Topic: VG is nagging about transitioning account
Replies: 199
Views: 18897

Re: VG is nagging about transitioning account

Some follow-up questions about the process of transitions: 1) I have multiple accounts on the mutual funds platform: IRA, Roth IRA, Sep IRA, etc. I plan to convert only one account to test water. So during the transition, I'll get to see both Brokerage account and those old accounts information on t...
by AQ
Mon Mar 08, 2021 12:50 am
Forum: Personal Investments
Topic: VG is nagging about transitioning account
Replies: 199
Views: 18897

Re: VG is nagging about transitioning account

About to take the plunge. Have an operational question: Once I start these transition, I'm going to have a brokerage account. Do I still use the same log-in credentials for this new brokerage account, i.e., when I'm in, I just get to see brokerage account info, along with the old mutual fund account...
by AQ
Thu Feb 25, 2021 11:55 pm
Forum: Personal Investments
Topic: Vanguard asks for employer/income during account transition
Replies: 50
Views: 6564

Re: Vanguard asks for employer/income during account transition

Last time I tried to open a new account and got asked 'net worth', etc. I found it intrusive, and walked away without a new account. alas guess nowadays no way to avoid this type of questions... So what is the right answer? on this forum didn't we debate tirelessly about what net worth should or sho...
by AQ
Tue Feb 23, 2021 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 221
Views: 27215

Re: Disturbing experience with Ally Bank

Always interesting read about people's experiences. This thread talked about moving funds across banks and low limits banks set. But even on this forum there are many multi millionaires. Curious how they would move their millions around? For example, when coming to investment, people often say eithe...
by AQ
Sat Feb 20, 2021 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 1099 Form reconcilation
Replies: 4
Views: 436

Re: Vanguard 1099 Form reconcilation

Hyperchicken wrote: Fri Feb 19, 2021 10:59 pm Check primary layout spreadsheet - it has everything.
Where is this spreadsheet? Thanks!
by AQ
Fri Feb 19, 2021 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 1099 Form reconcilation
Replies: 4
Views: 436

Vanguard 1099 Form reconcilation

I'm still on Vanguard mutual fund only platform, and downloaded its 1099-DIV form today. The funny thing is on the tax page it still has a warning that the new form will be released on Feb 18th even it's already pass it. Also the actual form is labelled as 20210209. Anyway, just make sure I got the ...
by AQ
Sat Jan 30, 2021 1:39 am
Forum: Personal Finance (Not Investing)
Topic: How to move funds between banks
Replies: 13
Views: 1137

Re: How to move funds between banks

Thanks to all. Believe I got enough tips to try a few things :happy Thanks!
by AQ
Fri Jan 29, 2021 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to move funds between banks
Replies: 13
Views: 1137

How to move funds between banks

During this pandemic time I try to avoid crowds and thus don't want to go to bank offices to deposit checks as in good old times. So I studied Mobile banking, and was surprised to find daily limits for deposits are $2K or similar scale. My question is: if I'd like to move $100K from one bank to anot...
by AQ
Wed Jan 06, 2021 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Tax payment limit by ACH?
Replies: 6
Views: 671

Re: Tax payment limit by ACH?

Thanks much for sharing your experiences and advice. I guess I'll just give it a single payment try when the time comes. I used to use EFTPS, but stopped in last couple of years due to being a W2 earner again. When I tried to log into the account, I wasn't able to. IRS agent on the phone told me no ...
by AQ
Tue Jan 05, 2021 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Tax payment limit by ACH?
Replies: 6
Views: 671

Tax payment limit by ACH?

When filing with Fed tax, I put in my checking account number, and IRS pulled the fund later (by ACH I assume). Last year I got an unexpected windfall. While I don't own any penalty due to 110% safe harbor rule, I probably own a six-figure tax. I never had this good problem before. Is there a limit ...
by AQ
Sat Dec 19, 2020 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRS underpayment safe harbor re: prior year tax
Replies: 5
Views: 484

Re: IRS underpayment safe harbor re: prior year tax

OP didn't ask, but state taxes safe harbor rules can be different.
by AQ
Sat Dec 19, 2020 4:15 pm
Forum: Personal Investments
Topic: VG is nagging about transitioning account
Replies: 199
Views: 18897

Re: VG is nagging about transitioning account

I have multiple accounts with the old platform. Can I move one account at one time, say, an account with a small balance IRA first to get a feel with the new platform and iron out wrinkles. Better yet, anyone has a link to step-by-step instructions, and FAQ, say what happens to old funds, whether I ...
by AQ
Mon Nov 23, 2020 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Safety of ACH, or alternative ways?
Replies: 29
Views: 2092

Re: Safety of ACH, or alternative ways?

Thanks for all the comments. Just realized that banks have ACH limits on amounts up to 20K. And the monthly limits are not much higher either. This limit sounds low for a typical flagship client? What if one needs to move 100K or more? If one initiates ACH from Fidelity (i.e., doing a pull), is it s...
by AQ
Sun Nov 22, 2020 11:49 pm
Forum: Personal Investments
Topic: Where to park 2-3million temporarily?
Replies: 26
Views: 3751

Re: Where to park 2-3million temporarily?

Generally, I think amounts like this are wired and not ACH transferred nor carried around in bags. The above statement appears suggesting if an amount exceeds a limit, one shouldn't use ACH, but wire? What is such a limit, and what is the reason behind such a rule? Is it because wire is safer than ...
by AQ
Sat Nov 21, 2020 11:01 pm
Forum: Personal Investments
Topic: Where to park 2-3million temporarily?
Replies: 26
Views: 3751

Re: Where to park 2-3million temporarily?

I'm also interested in this question. Presume everyone who has an investment account with Fidelity already has a settlement fund account. How does it practically work to move fund for OP to Fidelity? Does Fidelity have a route number and an account number to ACH to like a traditional bank account?
by AQ
Wed Nov 18, 2020 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Safety of ACH, or alternative ways?
Replies: 29
Views: 2092

Re: Safety of ACH, or alternative ways?

A few specific questions after done some homework: 1. should a fraud happen, if one reports it to the bank within 60 days, all liability goes to the bank? That'd be a great assurance if true. 2. Is there an option with Vanguard or Fidelity accounts to receive money only through ACH only? i.e, don't ...
by AQ
Wed Nov 18, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Safety of ACH, or alternative ways?
Replies: 29
Views: 2092

Safety of ACH, or alternative ways?

I'm an old man and old-fashioned. Deposit money at a bank branch; snail mail a check to Vanguard for investment, etc. Now with the pandemic I tried to avoid crowd. So it pushed me to think again about using ACH or other approaches to move money around without physically going outside. For example, g...
by AQ
Tue Aug 25, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life renewal mechnism?
Replies: 13
Views: 620

Re: Term Life renewal mechnism?

This is OP. Don't insurance companies at least have the courtesy to let me know what the new premium is, before they simply pull money out of my account? I am certainly going to give them a call. But call me overly concerned: if they say they wouldn't renew my policy on the phone but pull the money ...
by AQ
Tue Aug 25, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life renewal mechnism?
Replies: 13
Views: 620

Term Life renewal mechnism?

I have a term life policy expiring soon. Received a letter from the insurance company and advise me to speak to my agent and also mention the renewal premium will be substantially higher. I don't plan to renew it since the need is no longer there. I would suppose if I don't do anything, the policy w...
by AQ
Sat Jul 04, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: Risk with a malfunctioned fuel gauge
Replies: 51
Views: 2245

Re: Risk with a malfunctioned fuel gauge

This is OP. Many thanks! Will give the Cleaner a try. Some asked about engine codes. I haven't seen any warning signs or codes yet so far. As I mentioned, I don't mind paying to get it fixed but going to a dealership concerns me for health risk. So I'm torn to decide which risks to take at this poin...
by AQ
Fri Jul 03, 2020 11:58 pm
Forum: Personal Consumer Issues
Topic: Risk with a malfunctioned fuel gauge
Replies: 51
Views: 2245

Re: Risk with a malfunctioned fuel gauge

Most replies seem suggesting managing to make sure "don't run out of gas". Many thanks for various tips. I consider myself a careful person. So I believe I can do well without a functioning gauge, in particular now with your good tips. But one reply quoted below concern me. Does it say if ...
by AQ
Fri Jul 03, 2020 6:29 pm
Forum: Personal Consumer Issues
Topic: Risk with a malfunctioned fuel gauge
Replies: 51
Views: 2245

Risk with a malfunctioned fuel gauge

This morning the fuel gauge suddenly malfunctioned. The gas tank should be close to full. But when I turn on the engine, it showed only 1/3 left, and then it started to climb back all the way to about 2/3 full when the car was moving! If relevant, it's a Sonata about 7 year old. I'm hesitating to go...
by AQ
Wed Jun 10, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 blues
Replies: 64
Views: 3927

Re: form 8606 blues

A related but separate question: I filed 8606 forms every year. Do I really need to keep all of them, or simply keep the latest one since the latest one would have the cumulative basis?
by AQ
Wed Jun 10, 2020 12:54 pm
Forum: Personal Investments
Topic: Fidelity new account page not functional?
Replies: 7
Views: 561

Re: Fidelity new account page not functional?

Thanks to all. I finally figured it out. I"m using an older version of browser. Once updating it, all is back to work. Fidelity is apparently testing a beta version on my account and now I disable it now. In the older version of browser, the warning window didn't show up but simply made everyth...
by AQ
Tue Jun 09, 2020 12:26 pm
Forum: Personal Investments
Topic: Fidelity new account page not functional?
Replies: 7
Views: 561

Fidelity new account page not functional?

Last couple of weeks my online account with Fidelity didn't function properly. Once I logged in, there is a warning saying a web page is slowing down: if I choose to wait, it takes forever and nothing moves. If I select 'stop', then no other clicks would respond. Basically I couldn't do anything onl...