Search found 7791 matches

by celia
Fri Jun 22, 2018 3:51 am
Forum: Personal Finance (Not Investing)
Topic: Trustee for mom's estate: large reserve recommended
Replies: 11
Views: 711

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: 1910

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: 2473

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: 16
Views: 1362

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: 28
Views: 1794

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: 1131

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: 16
Views: 1362

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: 16
Views: 1362

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: 11
Views: 1107

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: 33
Views: 2594

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: 4
Views: 221

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: 1858

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: 9702

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: 820

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: 820

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: 417

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: 9702

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: 820

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: 4128

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: 9702

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: 76
Views: 5802

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: 2039

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: 1011

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: 1960

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: 76
Views: 5802

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: 2039

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: 58
Views: 4636

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: 3463

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...
by celia
Sat Jun 16, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Good family portrait place
Replies: 5
Views: 328

Re: Good family portrait place

I know of a few good photographers in my area (but wish my kids were all here at the same time). I've seen their work at silent auctions where they donate their services (in exchange for the "publicity" that the event brings). It also occurs to me, that since the examples they displayed were of a fa...
by celia
Sat Jun 16, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA: Using it for kids college
Replies: 31
Views: 1841

Re: Inherited IRA: Using it for kids college

OP here. After maxing out my 401k and doing my backdoor Roth’s within the first couple months, I usually end up with a substantially larger amount going into my taxable account each year. In retirement, I don’t plan on having any type of debt and most of my withdrawals will be from a taxable accoun...
by celia
Sat Jun 16, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs based on 1986 life expectancy versus today?
Replies: 23
Views: 1960

Re: RMDs based on 1986 life expectancy versus today?

Just looking for a discussion here. 1. As we know, RMDs are mandated in the year after one turns 70.5. From what I know, this was included as part of the 1986 Tax Reform changes. 2. In 1986, the life expectancy for women was 78 and for men, 71. 3. In 2017, that life expectancy is now 81 and 79, res...
by celia
Sat Jun 16, 2018 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA: Using it for kids college
Replies: 31
Views: 1841

Re: Inherited IRA: Using it for kids college

The money for your kids' college should come from the taxable account, not the inherited IRA. Why raid a tax-advantaged account when you have a taxable account? ...because you may want to control future RMDs and the tax bracket they are taxed it. To me, that is primarily the point of this thread.
by celia
Fri Jun 15, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA: Using it for kids college
Replies: 31
Views: 1841

Re: Inherited IRA: Using it for kids college

He said himself that he thought the lump sum would be disadvantageous due to his current bracket. I can only assume that he is going to have lower taxable income in retirement. His tax bracket isn't getting any higher, that is for sure. Not true. We are currently at historically low tax brackets. T...
by celia
Fri Jun 15, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 43
Views: 3502

Re: Contractor - Threatening Lien/Lawsuit

This guy is not a licensed contractor. Contractors depend on good reviews/referrals and no complaints with the licensing board for their livelihood to continue. The fact that he does not have a professional credit line at the supply store is a red flag. Contractors often need to be bonded and insure...
by celia
Fri Jun 15, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Will Vanguard/Fidelity automatically deduct QCD from RMD?
Replies: 27
Views: 2427

Re: Will Vanguard/Fidelity automatically deduct QCD from RMD?

I thought that you had to withdraw the QCD before making any RMD withdrawal: $6K QCD $4K RMD Am I mistaken? By definition, the RMDs are the amount that is REQUIRED to be withdrawn each year. It cannot be converted. It is also the first dollars that are withdrawn each year. By definition, QCDs are t...
by celia
Fri Jun 15, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA: Using it for kids college
Replies: 31
Views: 1841

Re: Inherited IRA: Using it for kids college

Since the OP is in the highest tax bracket, then we can guess they will be in the highest tax bracket for quite some time. If that is true, then liquidating the inherited IRA to put some money into 529 plans may not be a supremely tax-inefficient move. Indeed, it may even make sense to take the hit...
by celia
Fri Jun 15, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16087

Re: Should I take possession of a certified mail?

He texted me a couple of weeks ago to see whether there was any more work, and kept asking us whether the work was large enough ($2K-5K). I could not commit until .... I showed him the projects and got estimates. He came over looked at the list of projects.... It is obvious he needs some money and ...
by celia
Fri Jun 15, 2018 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?
Replies: 23
Views: 2971

Re: Why is the cost of renting private rooms in San Francisco Bay Area so cheap?

First, your sample size seems to be very small (especially if you self-select to look at properties under $700/mo). And you likely aren't familiar with the neighborhoods. So your comparisons are not comparing the same thing. The #1 reason why rent is less expensive in San Francisco is because they h...
by celia
Thu Jun 14, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3559

Re: Non-alcoholic drinks for wedding

I love the ideas above about the ice cream bar and floats. Sundaes would be less of a mess, though, where the ice cream is scooped for them but they put their own toppings on top. You could have 4 to 8 ice cream flavors (posted) and that many for drinks, too. But I think this should be served up by ...
by celia
Wed Jun 13, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Some questions about purchasing earthquake insurance in CA
Replies: 10
Views: 971

Re: Some questions about purchasing earthquake insurance in CA

My question is: if all earthquake insurance goes through the CEA, why did I get $341 and $566 quotes for the same level of coverage? I don't understand this question. I know of no other insurance that goes through or on top of the CEA. Are you referring to AllState, State Farm, etc. agencies that s...
by celia
Wed Jun 13, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Some questions about purchasing earthquake insurance in CA
Replies: 10
Views: 971

Re: Some questions about purchasing earthquake insurance in CA

You can buy earthquake insurance from companies other than CEA, but they probably have the largest pool of money to pay out the claims. We have been with them from the beginning (they are maybe 20 years old or so) and there hasn't been a major earthquake (reason for claims) during that time. The mon...
by celia
Tue Jun 12, 2018 11:21 pm
Forum: Investing - Theory, News & General
Topic: [favorite] Boglehead quotes
Replies: 103
Views: 14096

Re: [favorite] Boglehead quotes

This isn't a quote so much as a way of looking at past taxes due and the associated penalties. I never quite considered it this way before, but it is true: Since you're getting philosophical about the situation, here's some food for thought. I've often had this conversation with people over the yera...
by celia
Tue Jun 12, 2018 9:12 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 4738

Re: How do you celebrate (potty trained kid) milestone with your spouse?

#1 child is now potty trained. My wife did an incredible job with it and the kid is still happy. (My involvement was not insignificant but she carried the heaviest load) Without going into detail, the task was sufficiently arduous that I’d like to mark the milestone in a meaningful way. How do you ...
by celia
Tue Jun 12, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 5684

Re: Anyone with a paid off house drop homeowners insurance

And I basically I don't trust insurance companies, they are out to make money. I don't think I'd WANT to insure with a company that wasn't making money. I would be worried they wouldn't be able to pay all the claims after a large disaster took place, even though their reserves would normally cover ...
by celia
Tue Jun 12, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8625

Re: Getting killed on taxes - any ideas?

My question is - any advice on how to minimize our current tax burden? When I read the OP's original post here, a particular response popped into my head immediately. I'm surprised no one has pointed the OP to our wiki: Our wiki has a useful page called Tax-efficient Fund Placement . It is possible...
by celia
Tue Jun 12, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Imagine a 10 year, 0%, noncallable loan
Replies: 49
Views: 2989

Re: Imagine a 10 year, 0%, noncallable loan

if a banker offered you these terms today, how much would you pay him for the option to take the loan ? How did you arrive at that number? how does varying your gross income, up and down, affect your valuation? It seems you need to understand how to calculate the effective Annual Percentage Rate, i...
by celia
Mon Jun 11, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5386

Re: Strategy for a prolonged bear market

...It might give me the confidence to spend more on Roth conversion taxes while equities are discounted. We are currently planning on converting to the top of the 22% bracket, but could go into the 24 if equities get cheap. We would be in the 25% bracket later if current tax rates sunset as schedul...
by celia
Mon Jun 11, 2018 4:21 pm
Forum: Forum Issues and Administration
Topic: Contacting Administrators
Replies: 14
Views: 900

Re: Contacting Administrators

For the record, triceratop is also a moderator.

Alex hasn't posted since January so I wouldn't expect a reply very soon.
by celia
Mon Jun 11, 2018 4:12 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 4738

Re: How do you celebrate (potty trained kid) milestone with your spouse?

Kids will often regress too, if a new baby comes into the family. The baby gets all the attention, so it is natural to want to do something to get some of that attention. A couple of weeks ago I learned here about babymoons. Now I'm learning that I could have celebrated potty training. I think I'm a...
by celia
Mon Jun 11, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -- looking for advice
Replies: 56
Views: 6543

Re: Large inheritance -- looking for advice

Amy, I hope you aren't put off by those arguing above and who assume you are a "he". We have lots of gals here, but many use a neutral-sounding name. My suggestion is to think of your portfolio as all cash at the moment. Instead, think of what you want the final portfolio to look like. You start by ...