Search found 2893 matches

by tomd37
Wed Jan 09, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax form availability - draft status
Replies: 7
Views: 636

Re: Tax form availability - draft status

The type of credit I refer to is for homeowner items such as hvac, insulation, doors, windows, etc and that extender, along with four or five others, has definitely not yet been renewed for tax year 2018. Just came from training today that reemphasized the situation. Could you be referring to solar ...
by tomd37
Wed Jan 09, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Tax form availability - draft status
Replies: 7
Views: 636

Re: Tax form availability - draft status

To the best of my knowledge non-business energy credits of this type have not been renewed for tax year 2018. I believe the action taken in early 2018 was for the 2017 tax year.
by tomd37
Sun Jan 06, 2019 11:14 am
Forum: Investing - Help with Personal Investments
Topic: All the Vanguard funds I wanted are closed to new investors :(
Replies: 15
Views: 2526

Re: All the Vanguard funds I wanted are closed to new investors :(

rpk292, If you search the fund symbol you want on the Vanguard site you may be told the fund is closed. But if you look just under the fund name at the top you will probably see the name of its replacement fund. It will say something like "Also available as an ETF or lower cost Admiral Shares". Clic...
by tomd37
Fri Jan 04, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Help: IRS Notice CP22H
Replies: 2
Views: 518

Re: Help: IRS Notice CP22H

I am assuming the IRS thinks you were not covered by employer provided coverage for all twelve months of the year and you say you have Form 1095-C indicating coverage for all twelve months. Since you cannot communicate with the IRS, I think it would be appropriate for you to send a copy of each 1095...
by tomd37
Tue Jan 01, 2019 11:20 am
Forum: Personal Consumer Issues
Topic: Car purchase. Need to consider seat height.
Replies: 32
Views: 26245

Re: Car purchase. Need to consider seat height.

The April 2018 issue of Consumer Reports Magazine has a special article on page 34 titled "Best New Cars For Seniors". Included in that evaluation of cars is front-seat access, visibility, controls, and headlight performance as well as other safety features. For front-seat access they consider low d...
by tomd37
Sat Dec 29, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Return, MFJ + Adult Dependent, Foreign Pension, ACA
Replies: 9
Views: 580

Re: Tax Return, MFJ + Adult Dependent, Foreign Pension, ACA

Rudy - It sounds like the mother will be treated as an "other dependent" on A & B's joint return, but I also think the mother is going to have to file a return regardless of her age because she appears to have unearned income greater than the limits for her age (i.e. under or over age 65). I don't t...
by tomd37
Sat Dec 29, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Return, MFJ + Adult Dependent, Foreign Pension, ACA
Replies: 9
Views: 580

Re: Tax Return, MFJ + Adult Dependent, Foreign Pension, ACA

Pranav - I would be curious to know what type of document Person C receives at year end reflecting the income she receives and what is her age? She may not even have a filing requirement based on info provided at this time. Also sounds like the mother is a qualified "other dependent" right now for A...
by tomd37
Sat Dec 29, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Equifax - Free Annual Credit Report - Snail Mail Questions
Replies: 6
Views: 457

Re: Equifax - Free Annual Credit Report - Snail Mail Questions

URSnshn, I seem to remember one time years ago attempting to get the report online and had problems with a security issue. So since then and for years now I have just called in my request by telephone and have the paper results in ten to fourteen days. At age 81, I find it easier to read the report ...
by tomd37
Fri Dec 28, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Equifax - Free Annual Credit Report - Snail Mail Questions
Replies: 6
Views: 457

Re: Equifax - Free Annual Credit Report - Snail Mail Questions

OP - I bet you will not get a report based on your second request by telephone. Their records probably show you requested and got one online in early December and are not eligible for another report of any type until one year from the original telephone request. If you are married, and your spouse h...
by tomd37
Thu Dec 27, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tax donation question [lump vs serial]
Replies: 4
Views: 293

Re: Tax donation question [lump vs serial]

Autopeep,
Are you of RMD age? If so, qualified charitable distributions (QCD) might be beneficial in that the QCD amount reduces your AGI and therefore taxable income.
by tomd37
Thu Dec 27, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Rate of Return 10 years 12/01/2008 - 12/26/2018
Replies: 7
Views: 1500

Re: Vanguard Personal Rate of Return 10 years 12/01/2008 - 12/26/2018

I must be doing something wrong here. I have been retired since 2002, taking RMDs for the past ten years, and with a 40/60 stock/bond asset allocation for the last five years and a 50/50 allocation for the five years preceding that the system shows the following: 10 years 17.0% 5 years 9.3% 1 year 1...
by tomd37
Wed Dec 26, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to report my child's income ($1600)?
Replies: 31
Views: 2911

Re: Do I need to report my child's income ($1600)?

My understanding of the tax rules for 2018 are as follows. If your parent (or any other taxpayer) may claim you as a dependent, the following rule applies: As a single dependent, if you are under 65 and not blind, you must file a return if any of the following apply: 1. Your unearned income was over...
by tomd37
Fri Dec 21, 2018 9:43 pm
Forum: Personal Consumer Issues
Topic: easy-to-clean bird feeder
Replies: 4
Views: 783

Re: easy-to-clean bird feeder

Go_mets, I have five feeders of various types out year-round and feed about 400 pounds of various types of seed including hulled sunflower hearts (coarse and fine), peanuts, nyjer seed, etc. I have two tube feeders with ports for either fine sunflower hearts or nyjer seed, two hopper feeders for hul...
by tomd37
Thu Dec 20, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: USAA apology letter?
Replies: 42
Views: 6050

Re: USAA apology letter?

I have been with USAA since 1961 for various types of insurance. In those fifty-seven years I have had three no-fault claims , all for auto insurance. The most recent claim was in March of this year when my 13-month old 2017 Lexus ES350, with only 3,900 miles on it, was declared a total loss as a re...
by tomd37
Sat Dec 15, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard RMD tax withholding
Replies: 11
Views: 801

Re: Vanguard RMD tax withholding

Indianrock - Only 5% of my investments are in taxable accounts so the last quarter dividends do not impact my estimation of taxes. I use last year's data in my income estimates in February. Does not vary that much from prior year.
by tomd37
Sat Dec 15, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Amica Auto Insurance Increase In CA
Replies: 4
Views: 450

Re: Amica Auto Insurance Increase In CA

With all the catastrophes the have hit California in the past twelve months I would expect insurance costs in all lines and from all companies to increase significantly. Unfortunately California in particular has been hit very hard. :(
by tomd37
Sat Dec 15, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard RMD tax withholding
Replies: 11
Views: 801

Re: Vanguard RMD tax withholding

Indianrock - A an older retiree my income is pretty consistent; social security, pension, and RMD. The variables such as interest, dividends, capital gain distributions, and others are fairly easy to make a good estimate of. By February of each year I have completed a fairly accurate estimate of my ...
by tomd37
Fri Dec 14, 2018 7:50 am
Forum: Investing - Theory, News & General
Topic: Navy Federal CD 40 month 3.75%
Replies: 4
Views: 907

Re: Navy Federal CD 40 month 3.75%

The certificate appears to be for IRA/ESA investments only and thanks for posting.
by tomd37
Wed Dec 12, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Volkswagen Reliability
Replies: 102
Views: 5343

Re: Volkswagen Reliability

I originally owned a 2008 VW Passat station wagon and in 2010 gave it to my daughter when someone ran into her and totaled her 2001.5 VW Passat wagon. The 2008 now has a bit over 100K miles on it and she has had all sorts of problems with it such that she is ready to get rid of it. I never had such ...
by tomd37
Wed Dec 12, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Received IRS letter - be proactive or sit back?
Replies: 25
Views: 3035

Re: Received IRS letter - be proactive or sit back?

I would suggest you look into the dependency rules for children of divorced or separated parents. I can't refer you to a specific document or reference, but try that route to see if you can find rules.
by tomd37
Tue Dec 11, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Need recommendation for new washing machine
Replies: 45
Views: 2465

Re: Need recommendation for new washing machine

I too am an owner of a Speed Queen (SQ) washer and dryer set for the past two years and love the set. But it appears, from articles online, that SQ has drastically changed their construction of the new lines starting in 2018. And virtually all of the articles indicate the new models are not nearly a...
by tomd37
Mon Dec 10, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: New NFCU Certificate Offering
Replies: 6
Views: 793

Re: New NFCU Certificate Offering

EddieGee - I tend to agree with your statement. NFCU has had some better offerings such as in December 2017 they were offering a 15-month, 2.75% APY add-on certificate up to a $50K limit. I have been with NFCU for 57 years now and in the past many of their offerings were very good. However, in recen...
by tomd37
Mon Dec 10, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: New NFCU Certificate Offering
Replies: 6
Views: 793

New NFCU Certificate Offering

Navy Federal Credit Union has a new certificate offering effective 12/10/2018. Their Special EasyStart Certificate is a 12-month certificate with a 3.50% APY and a minimum of $50 and maximum of $3,000 deposit. One of the restrictions is that a member cannot have more than one Special EasyStart Certi...
by tomd37
Mon Dec 03, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Proper way to retire
Replies: 57
Views: 6500

Re: Proper way to retire

I retired sixteen years ago at the age of sixty-five. I advised my employer two months in advance that I intended to retire. Due to circumstances going on in the company at the time, they asked if I would consider staying one more month which I did. They were happy and I was happy. It has been a gre...
by tomd37
Sun Dec 02, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: The new tax law and charitable giving
Replies: 15
Views: 1618

Re: The new tax law and charitable giving

RadAudit, Accounting for your QCD portion of the RMD is quite easy whether you are doing your tax return by hand or on a computerized program. I am a volunteer in the free Tax Counseling for the Elderly (TCE) program sponsored by the IRS and AARP Foundation where we prepare and electronically file t...
by tomd37
Sun Dec 02, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10789

Re: Why is Costco gas so much cheaper

My local Costco gas station opens at 7am on Saturdays and I get there shortly thereafter as part of my run to the local recycling center. I only have to visit Costco once a month for my wife's car and twice for my car. The local Costco can handle twelve cars at a time so my wait, if any at that hour...
by tomd37
Sun Dec 02, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10789

Re: Why is Costco gas so much cheaper

Rocket354 - I simply turn off my engine whenever I have to wait in line for more than a minute. :oops:
by tomd37
Sun Dec 02, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Please Recommend a New Car for Me
Replies: 53
Views: 4452

Re: Please Recommend a New Car for Me

Limoncello - Not saying you are a senior, but the April 2018 annual car issue of Consumer Reports magazine had an article on page 34 on best new cars for seniors. It gave their opinion on the senior features of front-seat access, visibility, controls, and headlight performance. The article also gave...
by tomd37
Sun Dec 02, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10789

Re: Why is Costco gas so much cheaper

RickBoglehead - I Googled "Costco Brentwood TN Gas Prices" and their pump prices came up there and it included five or six major brand gas station prices in the immediate vicinity.
by tomd37
Sat Dec 01, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10789

Re: Why is Costco gas so much cheaper

I just checked my nearest Costco (Brentwood, TN) gas prices online. They are $2.07 for regular and $2.45 for premium. The Costco website also lists the prices at six nearby major brand gas stations with their price for regular being $2.75. I did not realize there is such a differential.
by tomd37
Sat Dec 01, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10789

Re: Why is Costco gas so much cheaper

Elysium - I'm not sure your choice of premium Shell gasoline is a good choice for comparison. I say that because here in middle TN shell premium is always 90 cents higher per gallon than their regular grade. The difference between grades of other major brands is not nearly that much, no more than 50...
by tomd37
Fri Nov 30, 2018 10:59 pm
Forum: Investing - Theory, News & General
Topic: Wellington Management Company LLP
Replies: 2
Views: 717

Wellington Management Company LLP

Was searching info on both Wellesley Income and Wellington funds tonight and found something that stated John Keogh, Senior Managing Director of Wellington Management Company will be retiring in Spring 2019 after about ten years at the helm. I skipped past it and now cannot find the source again. An...
by tomd37
Fri Nov 30, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Lost in Trees on Roth conversion and IRMMA
Replies: 16
Views: 1390

Re: Lost in Trees on Roth conversion and IRMMA

Troutslayer - I am not sure what you mean when you refer to "single filer". I assume you mean filing when one spouse has passed since a married couple does not have the option to use the single filing status. They do have the option to use the married filing separately filing status.
by tomd37
Wed Nov 28, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Electricity bill should be 7% per month of home sq footage.
Replies: 66
Views: 3985

Re: Electricity bill should be 7% per month of home sq footage.

We also live in Tennessee (middle) and have a 2200 square foot two-story home with electric and natural gas for heating, water heating, and cooking. The issue with our home is that about one-third of the downstairs area is open all the way up to the top of the second floor (18 feet) so that affects ...
by tomd37
Tue Nov 27, 2018 11:23 pm
Forum: Personal Consumer Issues
Topic: Electricity bill should be 7% per month of home sq footage.
Replies: 66
Views: 3985

Re: Electricity bill should be 7% per month of home sq footage.

Scrapr - What can be done to insulate those can lights. Just last week I had to replace a bulb in the can light over the kitchen sink and was amazed how much cold air was there. I was reluctant to do anything at the time and concerned about stuffing anything up in there for fear of fire or something...
by tomd37
Tue Nov 27, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs and RMDs
Replies: 7
Views: 563

Re: QCDs and RMDs

And if you want another source of information you might refer to IRS Publication 590-B, Distributions from Individual Retirement Arrangements (2017 version), Chapter 1, page 13. The publication is available online at www.irs.gov.
by tomd37
Tue Nov 27, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs and RMDs
Replies: 7
Views: 563

Re: QCDs and RMDs

It is my understanding that QCDs are only available from a traditional IRA and not from a 401(k). Sounds like the Schwab rep should be a bit better informed and have some idea what is going on outside his immediate world.
by tomd37
Sun Nov 25, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: YTD 15% capital loss. What is next?
Replies: 27
Views: 2607

Re: YTD 15% capital loss. What is next?

KlangFool - Could that telecom stock have been Nortel Networks (Northern Telecom) back in the early 2000's?
by tomd37
Sat Nov 24, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: "Stay The Course" by John Bogle
Replies: 36
Views: 6779

Re: "Stay The Course" by John Bogle

Just received an email today stating expected delivery date is December 6th. :D
by tomd37
Wed Nov 21, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard External Portfolio Tracking Broken?
Replies: 4
Views: 387

Re: Vanguard External Portfolio Tracking Broken?

For the past fifteen years or so I have been keeping track on my wife's one traditional IRA account on my Vanguard portfolio view. All of a sudden it disappeared about two months ago and now I have had to add it back in as an outside investment. I just wanted to see in one place the values of our co...
by tomd37
Wed Nov 21, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Question about qualified charitable distribution (QCD)
Replies: 11
Views: 586

Re: Question about qualified charitable distribution (QCD)

I am with Vanguard and have been taking QCDs for the past ten years in those years that the QCDs were available. I totally agree with the comment about taking your QCD in advance of the RMD. I make QCD contributions to nine organizations each year. Although I can complete the QCD request online at t...
by tomd37
Tue Nov 20, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: NFCU offering free $2K in AD&D insurance, does it make sense?
Replies: 7
Views: 782

Re: NFCU offering free $2K in AD&D insurance, does it make sense?

Schrute - Yes, I have signed up for it and have a certificate issued in October 2003 from the CUNA Mutual Insurance Society, PO Box 61, Waverly, IA 50677-0061 for myself and my wife as members of the Navy Federal Credit Union. I should note that the Group Accidental Death and Dismemberment Policy co...
by tomd37
Sun Nov 18, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: NFCU offering free $2K in AD&D insurance, does it make sense?
Replies: 7
Views: 782

Re: NFCU offering free $2K in AD&D insurance, does it make sense?

This AD&D offer from NFCU is nothing new. It is automatic with a membership at NFCU. It has been around for many, many years. At least 18 according to my insurance records.
by tomd37
Wed Nov 14, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: 2019 Subaru Forester Vs. 2019 Rav 4
Replies: 21
Views: 2367

Re: 2019 Subaru Forester Vs. 2019 Rav 4

It is my understanding the start/stop function on Subaru vehicles can be turned off once the vehicle is started, but will revert back when the vehicle is turned off. Then it can be turned off again when restarted. I am in the market for a new vehicle and looking at the Subaru Outback with six cylind...
by tomd37
Mon Nov 05, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Son has job offer in Nashville, can he survive on base of 33K
Replies: 16
Views: 2517

Re: Son has job offer in Nashville, can he survive on base of 33K

I have lived in the metro Nashville area for the past 23 years. I think one-bedroom rentals are running $1,100 per month average right now so a roommate or two appears to be needed. Traffic has grown a lot worse in the past fifteen years and commuting can be a real challenge. Lots of activities for ...
by tomd37
Mon Nov 05, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund Portfolio
Replies: 8
Views: 1431

Re: One Fund Portfolio

Thanks for all the responses. For those that inquired, we are in the 22% marginal tax bracket.
by tomd37
Sun Nov 04, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund Portfolio
Replies: 8
Views: 1431

One Fund Portfolio

This post deals with my thinking about going to a one fund portfolio and in particular the Tax-Managed Balanced fund (VTMFX). In December 2016 I posted here about my concerns about my wife being able to handle our VG account if I were to pass first. We are now in our early 80s. Our portfolio is 95% ...
by tomd37
Sun Nov 04, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 106
Views: 21599

Re: Jack Bogle - Two Fund Portfolio

abuss368 - We are in our early 80s and have simplified our portfolio to those two funds over the years. At our age I have no interest in having any international stock allocation as part of our current 40/60 stock bond allocation. Twenty percent of forty percent is only eight percent and I don't see...
by tomd37
Sat Nov 03, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for EOY 2018 Taxes
Replies: 7
Views: 1258

Re: Preparing for EOY 2018 Taxes

Are you aware of the new tax law changes regarding standard deduction and exemption changes? Standard deduction for MFJ under age 65 is now $24,000. No personal or dependent exemptions starting in 2018. Also $10,000 limit for "SALT", state and local taxes (state income tax or sales tax for those sta...