Search found 2915 matches

by tomd37
Mon Feb 18, 2019 5:58 pm
Forum: Personal Consumer Issues
Topic: Kitchen Faucet question
Replies: 14
Views: 1170

Re: Kitchen Faucet question

Not that this applies to the original post, but I just had an issue with my Kohler single-handle kitchen faucet. I was losing water pressure on the hot water side of the unit over the last month. Finally the flow virtually stopped on both sides. When the faucet was disassembled we found all sorts of...
by tomd37
Mon Feb 18, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Deducting Home Improvements:
Replies: 10
Views: 733

Re: Deducting Home Improvements:

There are two types of energy credits; The Non-Business Energy Property Tax Credit which has not been renewed for tax year 2018 and is now a cumulative tax credit limit since 2006 of $500. This was for HVAC, windows, doors, insulation, etc. Also, they would not apply to new construction and rentals ...
by tomd37
Sat Feb 16, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting Home Improvements:
Replies: 10
Views: 733

Re: Deducting Home Improvements:

Nowizard - Please explain what exactly you meant by your post.
by tomd37
Sat Feb 16, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal CU Special 6-Month Certificate
Replies: 3
Views: 472

Re: Navy Federal CU Special 6-Month Certificate

I agree with UpperNwGuy regarding NFCU needing some better savings rates. I too have a disclaimer in that I have been with NFCU for 58 years now and over the past couple of years have sought other places to invest my savings and certificates funds. I do maintain my free checking account at NFCU earn...
by tomd37
Sat Feb 16, 2019 2:59 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal CU Special 6-Month Certificate
Replies: 3
Views: 472

Navy Federal CU Special 6-Month Certificate

I just read where NFCU has a new "Celebration Special Rate 6-Month Certificate" (Share/IRA/ESA) at 3% APY with minimum purchase amounts of $1,000, $10,000, $20,000, $50,000 and $100,000. No maximum purchase amount. Additional deposits not allowed. Penalties apply for early withdrawals from certifica...
by tomd37
Fri Feb 15, 2019 4:12 pm
Forum: Personal Investments
Topic: Timing of QCDs and RMDs
Replies: 15
Views: 893

Timing of QCDs and RMDs

I normally take my annual QCDs in August and shortly after they are received and sent out I take my remaining RMD. Have been doing it this way for ten years. My questions pertains to the upbeat current market performance and the timing of the QCDs and RMD this year. In your opinion is it better to t...
by tomd37
Thu Feb 14, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Fast turnaround on Federal Tax
Replies: 40
Views: 3531

Re: Fast turnaround on Federal Tax

As a volunteer counselor in the AARP Foundation Tax Counseling for the Elderly program (also referred to as Tax-Aide) I have determined that many of the refunds are hitting the banks in one week, faster than last year. Was surprised to see that after the government shutdown. This does not include re...
by tomd37
Mon Feb 04, 2019 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Qualified Charitable Distributions from my IRA
Replies: 42
Views: 1862

Re: Qualified Charitable Distributions from my IRA

Cheese_breath - I have prepared my own 2018 tax return on TaxSlayer Pro software. The RMD that includes a QCD appears on the new 1040 lines 4a and 4b with 4a being the full amount and 4b being the reduced taxable amount. Further down on the return there is a notation 4b - QCD indicating the reductio...
by tomd37
Mon Feb 04, 2019 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Qualified Charitable Distributions from my IRA
Replies: 42
Views: 1862

Re: Qualified Charitable Distributions from my IRA

Most tax software programs have a field where you can indicate a portion for the RMD is for a non-taxable amount such as QCD. It will reduce the taxable amount when entering it on the 1040 form and indicate somewhere it is for a QCD.
by tomd37
Sat Feb 02, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: Need Objective Mattresses Ratings and Reviews
Replies: 41
Views: 1908

Re: Need Objective Mattresses Ratings and Reviews

Carolinaman - March 2019 issue of Consumer Reports which I received in mail yesterday.
by tomd37
Thu Jan 31, 2019 7:39 pm
Forum: Personal Consumer Issues
Topic: Regular Gas in a car requiring Premium Gas (Lexus LS)
Replies: 23
Views: 1752

Re: Regular Gas in a car requiring Premium Gas (Lexus LS)

My estimate is that there is no problem whatsoever. While the performance will not be as good, the system will take care of itself and make any adjustments as needed and next fill up just go back to premium gasoline. Don't sweat the small stuff and just be thankful he was not near a diesel gas pump!
by tomd37
Tue Jan 29, 2019 8:33 pm
Forum: Personal Consumer Issues
Topic: Kitchen Sink Faucet Problem
Replies: 1
Views: 278

Kitchen Sink Faucet Problem

I have two identical Kohler single-lever faucets installed in my home, one in the kitchen sink and the other in the laundry room sink. Both units were originally installed as part of a major renovation in 2011. The kitchen unit completely bound up two years ago and Kohler sent me a complete new unit...
by tomd37
Tue Jan 29, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 1874

Re: Credit Card in Auto-pay affecting Credit Score

One matter I have not seen addressed in this post is "when is the credit card balance reported to the credit agencies". When looking at my annual credit reports that I apply for and receive every two months (husband and wife alternating), I see the balance is reported as of the date the billing is c...
by tomd37
Mon Jan 28, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is health insurance still required at risk of penalty?
Replies: 22
Views: 1312

Re: Is health insurance still required at risk of penalty?

Minimum Essential Coverage is required for tax year 2018 and not required for tax year 2019 under current law. Taxpayers may qualify for certain exceptions for tax year 2018. Otherwise a penalty may apply. Seek competent advice as needed.
by tomd37
Mon Jan 28, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card in Auto-pay affecting Credit Score
Replies: 31
Views: 1874

Re: Credit Card in Auto-pay affecting Credit Score

Carofe - I don't know what the correct answer is to your particular situation. Virtually all my purchases are made with credit cards. I have an AMEX Blue Cash card that I use in all cases other than when it is not accepted by the vendor and then I use a VISA card. Each of the cards had a large credi...
by tomd37
Sun Jan 27, 2019 4:45 pm
Forum: Personal Investments
Topic: One Fund Portfolio
Replies: 20
Views: 3426

Re: One Fund Portfolio

Radiowave - Thanks for your comments. Regarding the RMDs, we receive a VG letter in January each year advising what the RMD is for each of us for the current year. By the time we are ready to take QCDs and RMDs in mid-summer I already have calculated my federal tax liability for the year and have VG...
by tomd37
Sat Jan 26, 2019 11:00 pm
Forum: Personal Investments
Topic: One Fund Portfolio
Replies: 20
Views: 3426

Re: One Fund Portfolio

BB76 - I have not made any changes yet to the allocation I mentioned in my original post here. In a recent response to another post on this site on a similar subject I made mention of the fact that possibly my wife, with the once a year assistance of a VG rep, could maintain the desired allocation w...
by tomd37
Fri Jan 25, 2019 9:19 pm
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 16
Views: 1706

Re: Balanced (VBIAX) vs Wellington (VWENX) math question

megabad - Might your aunt be of the proper age to take advantage of qualified charitable distributions (QCDs) from her traditional IRA required minimum distributions (RMDs)? The amount of such QCDs would not be taxable on her federal tax return. Something to consider if donations are made to qualifi...
by tomd37
Thu Jan 24, 2019 6:00 pm
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 16
Views: 1706

Re: Balanced (VBIAX) vs Wellington (VWENX) math question

One Ping Yes, I have considered that particular fund in the near past. And yes, I do hold what many here might consider a higher than normal amount of cash in the form of CDs that represent about 10% of my other investments. That might bring me closer to the asset allocation I seek. My only concern ...
by tomd37
Thu Jan 24, 2019 2:55 pm
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 16
Views: 1706

Re: Balanced (VBIAX) vs Wellington (VWENX) math question

Oak&Elm I understand your thought process on this matter. I am 81 and wife is 83 and she has no interest in financials. 95% of our investments are in two funds, VTSAX (TSM) & VTBLX (TBM), in a traditional IRA and 5% is in a simple taxable account VTSAX. My asset allocation for our age is 40/60 stock...
by tomd37
Mon Jan 21, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-MISC for moving expenses, help!
Replies: 9
Views: 1034

Re: 1099-MISC for moving expenses, help!

8foot7,
That is where I was heading when I asked the question. Twenty-three years ago I was involved in a similar situation, but unfortunately I cannot remember how it was handled. I do know that I was "grossed up".
by tomd37
Mon Jan 21, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: 1099-MISC for moving expenses, help!
Replies: 9
Views: 1034

Re: 1099-MISC for moving expenses, help!

Dunder - What type of income reporting document did/will you receive at year end reporting your 2018 income? Also, what block of the 1099-MISC were the moving expenses reported in?
by tomd37
Wed Jan 09, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax form availability - draft status
Replies: 7
Views: 663

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: 663

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: Personal Investments
Topic: All the Vanguard funds I wanted are closed to new investors :(
Replies: 15
Views: 2743

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: 528

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: 26716

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: 593

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: 593

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: 465

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: 465

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: 299

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: Personal Investments
Topic: Vanguard Personal Rate of Return 10 years 12/01/2008 - 12/26/2018
Replies: 7
Views: 1526

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: 2956

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: 791

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: 6208

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: 831

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: 456

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: 831

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: 937

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: 5442

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: 3059

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: 2517

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: 817

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: 817

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: 6547

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: 1643

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: 10914

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: 10914

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: