Search found 2802 matches

by tomd37
Sun Aug 12, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 1944

Re: Comfortably Retired and charity giving?

I address these comments to those of us taking RMDs, who are over age 70.5, and have a desire to make charitable contributions whether small or large. Consider the tax benefits under the new federal tax laws that are in effect for tax year 2018. Many of us at this age no longer itemize deductions an...
by tomd37
Mon Aug 06, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Any Experience? - Vanguard Customer Service When Transferring Accounts from Large Brokerage Firm
Replies: 19
Views: 1011

Re: Any Experience? - Vanguard Customer Service When Transferring Accounts from Large Brokerage Firm

How does the role Northwestern Mutual come into play here? While Vanguard will "pull" the funds, Northwestern Mutual has to process that request and I would think their action (or inaction) could delay an otherwise quick transfer. Some people might think Vanguard was at fault if there is a delay.
by tomd37
Fri Aug 03, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Charitable giving strategy
Replies: 43
Views: 2221

Re: Charitable giving strategy

We have been making charitable contributions for many years, but for the past ten years we have been making those contributions through the QCD process in those years it was available under IRS rules. Now the QCD process has been made permanent under tax law. We contribute to nine different organiza...
by tomd37
Fri Aug 03, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Kiplinger tax letter opinions
Replies: 2
Views: 483

Re: Kiplinger tax letter opinions

I have subscribed to "The Kiplinger Tax Letter" for about six years now and really like it. I participate in a volunteer tax return preparation service for low to moderate income and older taxpayers and find some of the info in the tax letter very helpful. I like most of the other subjects discussed...
by tomd37
Thu Jul 26, 2018 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Struggles with 1st QCD and RMD
Replies: 5
Views: 509

Re: Struggles with 1st QCD and RMD

Speaking from a Vanguard point of view, I just mailed nine QCD checks to their charitable recipients yesterday. Last week I had a short conference call with my Flagship representative and, based on an email listing I had sent him of the nine recipients and their dollar amount, he had the checks issu...
by tomd37
Tue Jul 24, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Pay off highest APR or highest balance?
Replies: 20
Views: 1098

Re: Pay off highest APR or highest balance?

My recommendation would be pay off card #1 in full and put the remaining amount of the $10K immediately against card #2 as an additional amount above what you would have paid this month. You will have a good feeling having paid off one card completely and now know you can concentrate of the one rema...
by tomd37
Tue Jul 24, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: What investment/finance book to read next
Replies: 21
Views: 1208

Re: What investment/finance book to read next

Cop51 I am in the process of rereading "That Thing Rich People Do, required reading for investors" by Kaye A. Thomas. It's a short paperback book of about 140 pages. Kaye Thomas is known for his books on tax rules and strategies for investors. He also maintains a popular website at www.fairmark.com....
by tomd37
Sun Jul 22, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 1826

Re: Mock-Up IRS Forms for 2018 Tax Year

Kaneohe - I assume because capital gain distributions are taxed the same way as qualified dividends the amount of those distributions could be added to qualified dividends for entry in this calculator. I am accustomed to entering those two items separately in TCE software programs and was looking fo...
by tomd37
Sun Jul 22, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 1826

Re: Mock-Up IRS Forms for 2018 Tax Year

Kaneohe - I like the calculator but where is capital gain distributions entered?
by tomd37
Fri Jul 20, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Is my umbrella policy over priced?
Replies: 20
Views: 1671

Re: Is my umbrella policy over priced?

Agree with the comments about the son's age impacting the price significantly. OP also might get better price if the underlying insurances were with the same company.
by tomd37
Mon Jul 16, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Where to get a $100 bill?
Replies: 49
Views: 5113

Re: Where to get a $100 bill?

I have seen cash paying customers at both our local supermarkets pay with $100 bills. Have you checked with your local supermarkets?
by tomd37
Sun Jul 15, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 91
Views: 6778

Re: Are Credit Cards Actually Convenient?

Magister - Best I can remember I started using credit cards in 1975 when I came back in-country from an overseas tour of duty. I have never had a single rejection of a charge and only three months ago had my first fraudulent charge to one of my cards. The bank closed the account and overnighted me a...
by tomd37
Sun Jul 15, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: Change in Flagship Rep Service ?
Replies: 21
Views: 2327

Re: Change in Flagship Rep Service ?

Bob - I have the same type account as you and I see his name and number, but not a photo on the overview page. I do not have an active brokerage account. Had one 16 years ago but got out of those funds.
by tomd37
Sat Jul 14, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: are you able to find what you are looking for in the wiki?
Replies: 10
Views: 329

Re: are you able to find what you are looking for in the wiki?

I too am interested in seeing responses to the initial inquiry with hopes of understanding how to better use the wiki. Thanks for posting the question and I look forward to reading the responses.
by tomd37
Sat Jul 14, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Single Investment Fund
Replies: 13
Views: 1770

Re: Single Investment Fund

Since the Tax-Managed Balanced fund (VTMFX) comes closer to my desired asset allocation of 50/50, I still am asking whether or not this could be an appropriate fund for my tax deferred IRA account. I am not a higher-income individual that is referred to in their fund description, but just looking fo...
by tomd37
Sat Jul 14, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Change in Flagship Rep Service ?
Replies: 21
Views: 2327

Re: Change in Flagship Rep Service ?

Sorry for the inaccurate initial post. I had my zoom set to a higher level and did not scroll down properly the that section of the page. The info I need is right there.
by tomd37
Sat Jul 14, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: Change in Flagship Rep Service ?
Replies: 21
Views: 2327

Re: Change in Flagship Rep Service ?

Thanks. There is no telephone service for matters like this on the weekend so I will call on Monday at 8am EDT.
by tomd37
Sat Jul 14, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Change in Flagship Rep Service ?
Replies: 21
Views: 2327

Change in Flagship Rep Service ?

Has there been a change that anyone is aware of in Flagship Rep services. A year ago this time I could sign on to my account and schedule a call from my Flagship Rep at a mutually agreed to time. I want to do the same now but cannot even find the name of my rep online let alone schedule an call appo...
by tomd37
Thu Jul 12, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Like Lifestrategy Funds but???
Replies: 32
Views: 3413

Re: Like Lifestrategy Funds but???

Cody - LifeStrategy Moderate is 60/40, not 40/60 stocks/bonds. Don't know if that changes your thinking.
by tomd37
Wed Jul 11, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Single Investment Fund
Replies: 13
Views: 1770

Re: Single Investment Fund

I just came across Vanguard's Tax-Managed Balanced fund (VTMFX) that is about a 50/50 split which is okay with me. However the bond portion is state municipal bonds and I don't know if they are appropriate in a traditional IRA or a small taxable investment situation. The investment ratio of the fund...
by tomd37
Tue Jul 10, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: PenFed or Navy Federal?
Replies: 30
Views: 2243

Re: PenFed or Navy Federal?

Traveler - A month or two ago I temporarily had trouble with maturity instructions for NFCU certificates maturing. I called and brought the matter to their attention and they apparently fixed the issue. I've had five certificates maturing since then and the online maturity instructions have been han...
by tomd37
Mon Jul 09, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed or Navy Federal?
Replies: 30
Views: 2243

Re: PenFed or Navy Federal?

Austintatious - I have been a member of NFCU since 1961 and have always been very pleased with their services both online and by telephone when desired. Back in the early days I had car loans from them but "loan days" are far gone for me. Cash only since 1995 :moneybag . They have an excellent onlin...
by tomd37
Mon Jul 09, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Single Investment Fund
Replies: 13
Views: 1770

Single Investment Fund

Is there a good single balanced fund that could be used in both a traditional IRA investment and taxable investment account environment? As we both enter our 80's I am beginning to think about my ability to handle my accounts in the future as I age and my wife's ability to handle the accounts should...
by tomd37
Sun Jul 08, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Checkbook balancing software?
Replies: 31
Views: 1732

Re: Checkbook balancing software?

Teague - At age 80 I have had a checking account since 1955 and have faithfully reconciled such accounts each month. These days I can understand some people not wanting to reconcile their accounts and would not argue with them. I personally find reconciliation helpful when I make a posting or mathem...
by tomd37
Thu Jul 05, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Is there a current car without a console between the front seats?
Replies: 52
Views: 4217

Re: Is there a current car without a console between the front seats?

Mouses, It seems as you have received enough replies indicating no newer cars with bench seats. Maybe a used car with bench seats (from another little old lady!) :wink: might be a solution. Now I am 81 (not ancient) and I take the cat to the vet monthly. I put her in her carrier and using the seat b...
by tomd37
Tue Jul 03, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4363

Re: Will I ever be able to itemize?

I realize most of the people reading and responding to this thread are probably below the normal retirement age. But there is apt to be a number of people reading the thread that may be of the "Qualified Charitable Distribution" (QCD) age of greater than 70.5. Most of these people no longer itemize ...
by tomd37
Tue Jul 03, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Large ACH from NavyFed to PenFed?
Replies: 19
Views: 1071

Re: Large ACH from NavyFed to PenFed?

I knew there was a recent post about this subject recently and it probably was CarlZ's.
by tomd37
Tue Jul 03, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Large ACH from NavyFed to PenFed?
Replies: 19
Views: 1071

Re: Large ACH from NavyFed to PenFed?

Victoria - I don't have an answer to your question but are you aware of the two new regular certificate rates at NFCU that went in effect on July 2nd? Their 12-month is now 2.0% APY and their 18-month is now 2.35% APY. There is an uptick in the 3-year variable rate certificate to 2.57% APY but I am ...
by tomd37
Mon Jul 02, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Computer/reading classes
Replies: 4
Views: 312

Re: Computer/reading classes

I am eighty years old and have worn bifocals for forty years. Until a couple of years ago I was not aware of "computer" glasses to be used when on the computer. The good people at Costco mentioned computer glasses to me when I was having my last change in reading glasses filled. They said I did not ...
by tomd37
Sat Jun 30, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Missed June estimated tax payment deadline. Now what?
Replies: 17
Views: 2104

Re: Missed June estimated tax payment deadline. Now what?

Does anyone have any factual experience or knowledge that the IRS contacts taxpayers and assesses/collects penalties when the tax owed at the end of they year is more than $1,000? I have been doing volunteer tax preparation services for fourteen years and no taxpayer in such a situation has ever tol...
by tomd37
Wed Jun 27, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: Home AC filters - does MPR matter ? [Microparticle Performance Rating]
Replies: 16
Views: 1537

Re: Home AC filters - does MPR matter ?

I buy my filters at Lowes. As a retired military person I qualify for a 10% discount on all purchases. Also Lowes offers my 20x25x1 filter in a two-pack and if I buy two or more two-packs at that same time it is an additional $2 off each package. Last purchase price with discount was $16.17 for a pa...
by tomd37
Wed Jun 27, 2018 6:49 am
Forum: Personal Consumer Issues
Topic: Home AC filters - does MPR matter ? [Microparticle Performance Rating]
Replies: 16
Views: 1537

Re: Home AC filters - does MPR matter ?

I use the mid-grade 20x25x1 Filtrete 1085 filters from Lowes in my two systems. My HVAC technician has suggested not to use the higher rated filters in the systems as they restrict the flow of air to the system and place and undue strain on the units. I don't need the greater filtration of the highe...
by tomd37
Mon Jun 25, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Settling Consumer Debt
Replies: 30
Views: 1698

Re: Settling Consumer Debt

I have done volunteer free tax preparation services through the AARP Foundation for the past 14 years and have come across cancellation of debt a number of times. Many times people do not realize that they are going to get a 1099-C (cancellation of debt) taxable income form for the amount of the can...
by tomd37
Mon Jun 25, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Settling Consumer Debt
Replies: 30
Views: 1698

Re: Settling Consumer Debt

docjoc, Don't forget that you will probably receive an IRS Form 1099-C from the credit card company for the amount of debt that was cancelled. The IRS will also receive a copy of this 1099-C and will expect to see that amount reported on line 21 of your Form 1040 as taxable income in the tax year th...
by tomd37
Sat Jun 23, 2018 7:13 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 202
Views: 32981

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

My post on the 21st indicated I ordered the book on Amazon Prime and I just now received an email indicating it should be delivered on the 28th. Great service and looking forward to reading it. Thank you Taylor!
by tomd37
Sat Jun 23, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: 2.7 13-Month CD
Replies: 7
Views: 969

Re: 2.7 13-Month CD

What bank please? :moneybag
by tomd37
Sat Jun 23, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: CD Maturity notice
Replies: 13
Views: 1234

Re: CD Maturity notice

Mickeyd - Do you have any type of account (savings or checking) with NFCU? If so you could probably put the proceeds in one of those accounts and then electronically send it to USAA. I have two certificates maturing at NFCU next week but am having them deposited to my NFCU checking account and then ...
by tomd37
Thu Jun 21, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 202
Views: 32981

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Is there definitive info yet as to when it will be available on Amazon for ordering?
by tomd37
Wed Jun 20, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Surprise - Costco sells - but does not install vehicle batteries
Replies: 85
Views: 5887

Re: Surprise - Costco sells - but does not install vehicle batteries

With all the new electronic systems on cars these days are there special precautions or procedures that must be taken when changing out a battery if self-changed? I would assume (hopefully properly) that any shop would know how to handle all the various issues that could arise if there are any.
by tomd37
Thu Jun 14, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Will Vanguard/Fidelity automatically deduct QCD from RMD?
Replies: 27
Views: 2578

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

Almost there, Definitely do not do a QCD any earlier than the day you attain age 70.5, preferably after that date. A QCD is part of the RMD but the Form 1099-R does not differentiate between the two. It will report the total distribution for a given year and it is incumbent upon the taxpayer to make...
by tomd37
Wed Jun 13, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Will Vanguard/Fidelity automatically deduct QCD from RMD?
Replies: 27
Views: 2578

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

Almost there, I believe you can find the name of your Vanguard representative on your financial statement, either online or the paper copy if you receive that. I do the QCD around September and then the remaining RMD not later than early November. Doing the QCD in September gives me at least three m...
by tomd37
Wed Jun 13, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Investment Account
Replies: 4
Views: 461

Re: Taxable Investment Account

Yes, we do live in Tennessee. While we do not have an income tax per se, we do currently have the Hall Tax which in a tax on limited interest income items plus taxes on dividends, capital gain distributions, and non-dividend distributions. The Hall Tax is 3% this year and decreases 1% per year for e...
by tomd37
Wed Jun 13, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Investment Account
Replies: 4
Views: 461

Taxable Investment Account

Based on reading some recent posts I have a question about ownership of a small taxable (non-IRA) investment account representing about 5% of our total investments with Vanguard. The Vanguard account is established as John Doe & Jane Doe, JT TEN WROS. We are both in early 80's and I am beginning to ...
by tomd37
Tue Jun 12, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Int. Growth vs. Vanguard Total Int.
Replies: 9
Views: 727

Re: Vanguard Int. Growth vs. Vanguard Total Int.

What are the symbols involved please PFinterest? :?:
by tomd37
Tue Jun 12, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Estimated Tax Penalty - Safe Haven
Replies: 7
Views: 961

Re: Avoiding Estimated Tax Penalty - Safe Haven

Shagger - I have been told several times by my Flagship Rep that federal tax withholding from a RMD has to be a percentage amount and it cannot be less than 10%. It cannot be a specific dollar amount according to him. I take my RMD in September and by then have already figured out how much I need to...
by tomd37
Fri Jun 08, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Best banks for checking accounts?
Replies: 33
Views: 3486

Re: Best banks for checking accounts?

tj-longterm, Do you or your extended family have any military affiliations the might qualify you for membership in the Navy Federal Credit Union. I have been a member at NFCU since 1961 and they meet all your requirements. Check out their website to see if you qualify for their now extended membersh...
by tomd37
Tue Jun 05, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Should I replace my water heater?
Replies: 50
Views: 3139

Re: Should I replace my water heater?

In my opinion if you have a 15 year-old water heater that you do not know how it was maintained I would most definitely replace it now without waiting for it to fail and possibly cause damage. When replacing it make sure to take all the precautions mentioned and ensure it is installed totally in acc...
by tomd37
Mon Jun 04, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: [what to sell for] RMD
Replies: 21
Views: 1506

Re: [what to sell for] RMD

GerryL I have been taking RMDs for ten years now and in those tax years that QCDs were available for use I took my QCD from one account in September and then took the remaining QCD in November withholding a specific percentage for federal tax. The remaining RMD amount can be split between funds as n...
by tomd37
Sun Jun 03, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: What have you tapped your emergency fund for?
Replies: 15
Views: 1785

Re: What have you tapped your emergency fund for?

Used it to purchase a replacement vehicle for my wife when her one year old 3,900 mile car was totaled four weeks ago in accident caused by another driver. Thankfully no injury to either driver and upon settlement of the claim my insurance paid literally the entire cost of a new similarly equipped c...