Search found 7813 matches

by celia
Mon Jun 25, 2018 12:16 am
Forum: Personal Consumer Issues
Topic: Q on appealling Medicare surcharge
Replies: 6
Views: 645

Re: Q on appealling Medicare surcharge

Appealing the surcharge is not an area I am very familiar with. But based on what you've written, here are my comments: Going into Medicare and seems my "torpedo" will be a fairly large one for the first couple of years. However, I believe I experienced "life-changing events" that permit me to appea...
by celia
Sun Jun 24, 2018 11:25 pm
Forum: Personal Consumer Issues
Topic: House seller fudging disclosure re: buried oil tank?
Replies: 23
Views: 1887

Re: House seller fudging disclosure re: buried oil tank?

Now the seller’s disclosure states “I don’t know” next to the question about a buried oil tank. We are running far, far away from this listing. If I knew what you previously knew about this house, if the seller said "no", THEN I would bring it to the seller's agent's attention. The "I don't know" t...
by celia
Sun Jun 24, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Fixing My Cost Basis [on inherited stocks]
Replies: 13
Views: 756

Re: Fixing My Cost Basis [on inherited stocks]

When I was a trustee settling an estate, since stocks change price all day long, my lawyer said to use the average of the lowest and highest selling price on the date of death. If the markets were not open that day, you can use the previous closing price. As far as reporting a different basis than w...
by celia
Sun Jun 24, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: How does a guaranteed income stream affect stock/bond ratio?
Replies: 7
Views: 704

Re: How does a guaranteed income stream affect stock/bond ratio?

The standard rule is that your income stream(s) reduce how much you have to take out of your accounts for living expenses in retirement. In your friend's case, he/she doesn't have to take anything out. In fact, he/she may end up putting some of the income INTO his savings. He will still have to deci...
by celia
Sun Jun 24, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Are you smarter than my CPA? (IRA issue)
Replies: 17
Views: 1713

Re: Are you smarter than my CPA? (IRA issue)

My understanding is that I should have ONLY paid FY 2016 taxes on the two weeks of interest that may have accrued between recharacterizing the contributions as traditional IRAs in early February 2017 and the backdoor Roth move in late February 2017. Nothing to do with the main questions, but this i...
by celia
Sun Jun 24, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Done Correctly?
Replies: 13
Views: 736

Re: Social Security Calculation Done Correctly?

For someone who averaged $110000 dollars a year would have a pia of 9166.67. This should translate to $2811.59 a month or $33739.08 a year by my calculations. No-one retiring today is going to have an inflation-adjusted 35-year average of $110,000 because the maximum that was taxed each year had no...
by celia
Sun Jun 24, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Trust Help From Cruel Stepmother
Replies: 35
Views: 4499

Re: Trust Help From Cruel Stepmother

OP, if one of you lives in the area, he should drive by the neighborhood occasionally, especially on Saturday mornings to see if there is a garage sale going on. That should be one way to get "mementos" at a bargain. Monitor Craigslist. If you have anything stored at the house or your dad had a copy...
by celia
Sun Jun 24, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Are Better in the Morning
Replies: 8
Views: 1742

Re: Bogleheads Are Better in the Morning

AlohaJoe wrote:
Sat Jun 23, 2018 9:52 pm
If you're on the west coast then 10am for you is 1pm for 47% of Americans who live in the Eastern Standard Time Zone.
Interesting... What time is it for the other 53% of Americans who live in the Eastern Standard Time Zone?
by celia
Sun Jun 24, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Are Better in the Morning
Replies: 8
Views: 1742

Re: Bogleheads Are Better in the Morning

I usually login to Bogleheads around ten in the morning, and then again around ten in the evening. In the morning, I usually find ten or twelve posts that I want to read, but only two or three in the evening. I see no difference dependent on time of day. I think your perception is based on during t...
by celia
Sun Jun 24, 2018 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Trust Help From Cruel Stepmother
Replies: 35
Views: 4499

Re: Trust Help From Cruel Stepmother

My father has been widowed twice and married for the third time in his 80s. We children are not interested in financially supporting the third wife if he pre-deceases her but have helped take care of her as we look in on him from time to time. We would rather our father's assets be used for her care...
by celia
Sat Jun 23, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Compliments for Vanguard?
Replies: 40
Views: 2754

Compliments for Vanguard?

There have been several threads recently complaining about Vanguard. I agree with someone who recently commented in an ongoing “complaint” thread that maybe it’s time to say what we like about them instead. So here is the “compliments” thread. ...you don't know how many people have had good experien...
by celia
Sat Jun 23, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on an Inherited IRA / Beneficiaries Explanation
Replies: 7
Views: 561

Re: Advice on an Inherited IRA / Beneficiaries Explanation

It looks like there are 3 IRAs based on what you wrote. You told us how the beneficiaries are listed on one (or 2?) IRAs, but not on all of them. (Each IRA can have different beneficiaries or have "per stirpes" or not.) I understand you to say that the traditional IRAs have 3 primary beneficiaries, ...
by celia
Sat Jun 23, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited house turning into a money pit
Replies: 17
Views: 2845

Re: Inherited house turning into a money pit

I am amazed at all the work you had done for $46,000, moongazer . Although we can't see the house, I'm sure it looks a lot better already. But since we can't walk through the house with you, the real estate agents will give you a good idea of what you can expect going forward. Don't try to do it you...
by celia
Sat Jun 23, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 67
Views: 2993

Re: This is ridiculously expensive LTCi, right? Or maybe not?

Agree with AlwaysWannaLearn that you must review the policy. I would call the carrier also. They may not speak to you without your mother being present and/or authorizing you to ask questions on her behalf. I think they WILL talk to you since someone needing the care may not be able to speak for th...
by celia
Sat Jun 23, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 67
Views: 2993

Re: This is ridiculously expensive LTCi, right? Or maybe not?

She has a current monthly benefit of $7,665 that increases at 4% year. Her benefit period is lifetime. $7,665*12 = $91,980 per year benefit That would be able to support a VERY nice LTC facility. How much do the nice facilities in her area cost? It may be that she will be eligible for better care t...
by celia
Sat Jun 23, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Are you smarter than my CPA? (IRA issue)
Replies: 17
Views: 1713

Re: Are you smarter than my CPA? (IRA issue)

We should clarify a few things so you are aware of the correct terminology. When you discuss this, you are likely confusing the CPA and Bogleheads when you say things that are not compatible with each other. First, in 2016, you did not do a backdoor Roth conversion , since there is no such thing. Wh...
by celia
Sat Jun 23, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: 1st Vanguard Complaint in 30 years
Replies: 16
Views: 2940

Re: 1st Vanguard Complaint in 30 years

You may not realize what happens behind the scenes. The original custodian has to confirm the RMD, if any, was taken then spilt the account into new accounts for each beneficiary. If anyone changes custodians then, it depends on the 2 custodians working in tandem. It also depends if you are having V...
by celia
Sat Jun 23, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited house turning into a money pit
Replies: 17
Views: 2845

Re: Inherited house turning into a money pit

I don’t know what to do. The realization that I am going to lose a lot of money is causing emotional and mental anguish, I have been very angry lately,... I think the first thing you need to do if you are living in the house is get away for a few days to help you focus on the bigger picture. Do you...
by celia
Sat Jun 23, 2018 12:20 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Taxes paid from Foreign Index fund in 401K
Replies: 5
Views: 453

Re: Foreign Taxes paid from Foreign Index fund in 401K

There is no U.S. tax benefit on foreign taxes paid when the asset paying those taxes is in a tax-sheltered account. But if you withdraw shares of that fund in-kind (meaning you withdraw the shares themselves instead of selling them and withdrawing the cash), after those shares (of an international f...
by celia
Fri Jun 22, 2018 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: How to help my teen (14) grow their savings faster?
Replies: 18
Views: 1532

Re: How to help my teen (14) grow their savings faster?

As you probably know, minors can't open accounts or sign contracts or sign legal papers. This is for their protection as they usually don't have enough life experience, knowledge, and maturity. She has no need for an emergency fund as that is the responsibility of the adults in her life, as mentione...
by celia
Fri Jun 22, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 95
Views: 7683

Re: how to make friends in new location?

In his original post, the OP wrote that he was "worried about making friends for wife". Like Celia, I wondered what sort of adult would need someone to make friends on their behalf, and my first thought was someone who was not fluent in English. After reading the rest of his post, I thought it was ...
by celia
Fri Jun 22, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee for mom's estate: large reserve recommended
Replies: 21
Views: 1489

Re: Trustee for mom's estate: large reserve recommended

Also, if we do hold back such a large sum, any suggestions where it ought to be getting the best yield -- a CD, or ST bond fund? Near the end of the year, I would put the holdback in cash if it looks like the estate could be closed out in 2019. If the estate gets interest or dividends in 2019, then...
by celia
Fri Jun 22, 2018 3:51 am
Forum: Personal Finance (Not Investing)
Topic: Trustee for mom's estate: large reserve recommended
Replies: 21
Views: 1489

Re: Trustee for mom's estate: large reserve recommended

Hi there. My mom recently passed away. She left an estate worth $1m. The estate is expecting to pay about $58k in taxes on annuity disbursements in tax year 2018. I'm having a hard time understanding the tax consequences here and how taxes can be $58K for this year. It seems the worst case would be...
by celia
Thu Jun 21, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paper tax return filed at deadline - still no refund 7 weeks later
Replies: 25
Views: 1938

Re: Paper tax return filed at deadline - still no refund 7 weeks later

Do you remember on the filing deadline, the IRS computers crashed and extended the filing deadline an extra day for everyone? Supposedly it was because of too many people waiting until the deadline to file. (I'm in that group, too.). So instead of having their work more spread out, they were overloa...
by celia
Thu Jun 21, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 22
Views: 2560

Re: MIL passed- question about her Social Security

Really! Both getting the same full SS amount! Really??? Theoretically it is possible to have more than 2 spouses claim on your work history: You are married to your first spouse from age 20 to 30. You are married to your second spouse from age 31 to 41. You are married to your third spouse from age...
by celia
Thu Jun 21, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS: Great customer service?
Replies: 20
Views: 1845

Re: IRS: Great customer service?

I'd always advise sending certified mail with return request. It gets their attention because they know to a certainty that you have proof that will hold up in Tax Court if it reaches that point. As a poster in another thread once wrote, certified mail is proof that something was sent on a particul...
by celia
Thu Jun 21, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 43
Views: 3313

Re: Feel like I'm sinking money into international

Maybe you'll want to change your mindset to be that you are buying something at a better price than the other holdings you have (sort of like being "on sale"). If the US markets took a nose dive, would you avoid buying domestic since they are not keeping up with the rest of the world? For me, THAT i...
by celia
Thu Jun 21, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: How to evaluate charities to donate to?
Replies: 36
Views: 1171

Re: How to evaluate charities to donate to?

The problem with most of the above websites is that they do not take small, local charities into effect. A charity does not have to file a 990 unless they have income of $50k or more. So it would fail the threshold needed to be listed on the big websites. And the above-referenced criteria for "effec...
by celia
Thu Jun 21, 2018 5:11 am
Forum: Personal Finance (Not Investing)
Topic: IRS: Great customer service?
Replies: 20
Views: 1845

Re: IRS: Great customer service?

The IRS is my friend. They respond to CP-2000 letters that I send them. Livesoft, do you really mark letters that originate with you as "CP-2000"? If so, they probably pass it around the office and have a good laugh. :D :D :D They probably say "This Livesoft guy provides great customer service! He ...
by celia
Thu Jun 21, 2018 5:05 am
Forum: Personal Finance (Not Investing)
Topic: IRS: Great customer service?
Replies: 20
Views: 1845

Re: IRS: Great customer service?

...we have their it’s.gov receipt showing they acknowledged it AND the bank statement showing transfer from our acct to IRS . A relative had a case like this. The IRS claimed they didn't receive the payment, yet the check was cashed. To show them proof, we went to the bank to get a copy of the canc...
by celia
Thu Jun 21, 2018 12:22 am
Forum: Investing - Help with Personal Investments
Topic: Helping mom with inheritance. Help!
Replies: 13
Views: 1430

Re: Helping mom with inheritance. Help!

First, find out how more income will impact her housing costs. If going the annuity route, don't put more than 2/3 of it into the annuity since she needs to have some cash ready for an emergency. If she was able to get another $400 a month in annuity income, I would have her save AT LEAST $100 of it...
by celia
Thu Jun 21, 2018 12:06 am
Forum: Personal Consumer Issues
Topic: Marriott hotels using Alexa/Echo in guest rooms?
Replies: 34
Views: 2914

Re: Marriott hotels using Alexa/Echo in guest rooms?

^^ Well, I've never had to pay for a light bulb or toilet paper to be brought to my room.
by celia
Wed Jun 20, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Noncovered shares, switch cost basis to specific id
Replies: 6
Views: 453

Re: Noncovered shares, switch cost basis to specific id

We have noncovered shares of several Vanguard mutual funds. If we have never sold any shares of the pertinent mutual fund can we switch our cost basis to specific identification? If at a later date we want to switch the cost basis back to average cost is that allowable? Yes and Yes (maybe). I assum...
by celia
Wed Jun 20, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Storing Sustenance for Disasters
Replies: 28
Views: 1929

Re: Storing Sustenance for Disasters

For those of you who do store food, do you have a recommendation for a quality mail-order supplier who packages all the essentials in easily-stored boxes that last a long time? I have ordered most of my stored earthquake food and supplies from BePrepared.com (LDS, I believe). When I buy a lot of on...
by celia
Tue Jun 19, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9794

Re: Messy Divorce -- Forensic Accounting Help....

I hope you have a sense of justice, OP. I hope you go after her, aggressively, and the best of luck to you. You don't deserve this, and she deserves consequences. The justice here is in standing up for what is fair, no more, no less. Usually that is 50%, give or take for children's expenses. She ha...
by celia
Tue Jun 19, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Arrangements for spouse to manage investments on death
Replies: 15
Views: 833

Re: Arrangements for spouse to manage investments on death

...And, she knows (very well) about the bank accounts, credit union accounts and credit cards. (Although, the CU just sent her a note saying they hadn't seen her in five years.) I hope you are aware that if a bank or CU account doesn't have any activity for several years, it gets turned over to the...
by celia
Tue Jun 19, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Arrangements for spouse to manage investments on death
Replies: 15
Views: 833

Re: Arrangements for spouse to manage investments on death

I suggest that you keep written recommendations in a form (enough detail) that your adult kids or others can also follow it. If your spouse has cognitive decline later on, the next person to manage your assets won't be able to follow your wishes if they aren't known. The order that accounts should b...
by celia
Tue Jun 19, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to Amend a 2016 tax return?
Replies: 8
Views: 425

Re: How to Amend a 2016 tax return?

And if you file state taxes, that could also impact your state 2016 and 2017 taxes.

Hopefully you used tax software for both years, in which case it won't be too hard.
All amended returns need to be mailed in, not filed electronically.
by celia
Tue Jun 19, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9794

Re: Messy Divorce -- Forensic Accounting Help....

But she was still running up CC debt and asking me to bail her out from time to time ( our CC and mortgage are our only joint accounts , BTW). If you still have any joint credit cards, you need to cancel them ASAP, as she is still accumulating debt that you are jointly responsible for. Open a new a...
by celia
Tue Jun 19, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Arrangements for spouse to manage investments on death
Replies: 15
Views: 833

Re: Arrangements for spouse to manage investments on death

So it appears you are 52. You likely aren't going to die for 20, 30, or 40 years, yet you want to be prepared as if anything were to happen now. Even if you find your ideal team, are they still going to be working in 20, 30, or 40 years? Why not take the approach of working with your wife to see wha...
by celia
Tue Jun 19, 2018 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Do you think it is smart to disclose that you have passive investments to other people?
Replies: 43
Views: 4178

Re: Do you think it is smart to disclose that you have passive investments to other people?

I think it is foolish for a high net worth person to talk about his/her assets. It can be seen as an opportunity to sue them.
by celia
Tue Jun 19, 2018 1:37 am
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9794

Re: Messy Divorce -- Forensic Accounting Help....

This is quite a mess for you and it may be hard to see the big picture at the moment. So my ideas may or may not seem worthwhile. But maybe they will give you another approach to consider. After our revelations, I took steps to obtain her bank statements....and obtained about 15 years of monthly sta...
by celia
Mon Jun 18, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 95
Views: 7683

Re: how to make friends in new location?

jayk, Why do you feel you have to find friends for your wife? ... This is a very rude post. Passive aggressive, condescending, where to begin? I'm not going to dignify it with a proper response. I'm sorry but the original post came across to me as if you needed to make all the decisions for your wi...
by celia
Mon Jun 18, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard email about transition fund accounts to new brokerage platform
Replies: 37
Views: 2072

Re: Vanguard Brokerage Acct. WHY ?

...Before I "upgraded" a few accounts, I was told the old (empty) accounts would stay around for a while. I no longer own a couple things for which I want to check my history. I also didn't finish backing up my history of all accounts. Vanguard may not close your accounts. They appear to be mixing ...
by celia
Mon Jun 18, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with a trust in Florida
Replies: 27
Views: 1031

Re: Dealing with a trust in Florida

One of the nice things about a trust is that if the grantor (person who set up the trust and put assets in it) becomes incapacitated or loses some cognitive abilities, the successor trustee can step right in and take over and take care of assets while the grantor is alive all the way through to disp...
by celia
Mon Jun 18, 2018 2:54 am
Forum: Personal Finance (Not Investing)
Topic: RMDs based on 1986 life expectancy versus today?
Replies: 23
Views: 1971

Re: RMDs based on 1986 life expectancy versus today?

But our lifespans obviously have no such smart gauge. If you were to give me the good news that the average lifespan for someone my age has increased from the former value of 86 years all the way up to 89 years, what am I going to do about it? Absolutely nothing. That's what I meant about it being ...
by celia
Mon Jun 18, 2018 2:36 am
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 95
Views: 7683

Re: how to make friends in new location?

jayk, Why do you feel you have to find friends for your wife? (This sounds like you are looking for playdates for her.) Is there some reason she can't find friends on her own? Does she speak English? Is she allowed to leave the house? Can she read? Can't she find out who organizes classes/meetings i...
by celia
Sat Jun 16, 2018 10:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard email about transition fund accounts to new brokerage platform
Replies: 37
Views: 2072

Re: Vanguard email about transition fund accounts to new brokerage platform

* Eliminating zero balance accounts automatically when there are multiple zero balance positions. This is terrible. Before I "upgraded" a few accounts, I was told the old (empty) accounts would stay around for a while. I no longer own a couple things for which I want to check my history. I also did...
by celia
Sat Jun 16, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: What are your hobbies?
Replies: 59
Views: 5051

Re: What are your hobbies?

Genealogy Travel to ancestral villages and meet more relatives each time Volunteer to work at our church carnival Go to Bible study group Collect old wooden jigsaw puzzles Native plant enthusiast-propagate and plant in the front (no lawn) Volunteer at plant sales Trying to make a Japanese garden in ...
by celia
Sat Jun 16, 2018 6:01 pm
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3497

Re: Standard buyer's remorse or poorly timed enlightenment?

Buyer's remorse is common in situations like this. Commonly you've just spent all your available money and realize you can't go out to eat or the movies. You need to get new (curtains, paint, fix the faucets, build shelving in the garage, whatever) and can barely afford that. Welcome to home ownersh...