Search found 2827 matches

by tomd37
Sat Sep 22, 2018 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Pay taxes on EE bonds now or later?
Replies: 10
Views: 903

Re: Pay taxes on EE bonds now or later?

In my opinion the owner should look closely at his particular tax situation. The interest must be reported in the year of maturity even though he may not cash them in. What impact might that have on his taxes in the year of maturity compared to start reporting the interest in prior years and continu...
by tomd37
Sat Sep 15, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Synchrony Bank Issues
Replies: 15
Views: 1681

Re: Synchrony Bank Issues

Kevin - Using Synchrony I have pulled more than $5K at a time from NFCU so that remains a viable option. Why I cannot push from NFCU I don't understand. Thanks for your comments. Your 'Pork Chop' friends will take good care of you 'fly boys'. Had two older brothers as pilots; USAF and USMC. I initia...
by tomd37
Sat Sep 15, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Documentation for IRS
Replies: 7
Views: 480

Re: Documentation for IRS

Sounds to me that you have covered all your bases. What you did not indicate is what your actual tax return shows on the applicable 1040 line number. Were there any other entries for that line number? Still sounds like you are correct though.
by tomd37
Sat Sep 15, 2018 12:59 pm
Forum: Investing - Theory, News & General
Topic: Synchrony Bank Issues
Replies: 15
Views: 1681

Re: Synchrony Bank Issues

Kevin - What I am not enamored with is NFCU's limit of $5K per day per ACH. :annoyed Heck, investment companies send large amounts of distributions each day to their clients via ACH, even my RMD each year goes via ACH to NFCU and it is much more than $5K
by tomd37
Sat Sep 15, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Synchrony Bank Issues
Replies: 15
Views: 1681

Synchrony Bank Issues

I have been banking at the Navy Federal Credit Union (NFCU) since 1961. I recently saw advertisements for Synchrony Bank high yield savings (HYS) account and CDs. Their HYS account has an APY of 1.85% which is 1.40% higher than my NFCU Flagship checking account so I opened the account at Synchrony. ...
by tomd37
Fri Sep 14, 2018 2:37 pm
Forum: Personal Consumer Issues
Topic: Subaru Forester - ready to buy
Replies: 43
Views: 4159

Re: Subaru Forester - ready to buy

I look forward to a reply to theplayer11 question just above as I have the same question and am interested in the new Outback.
by tomd37
Thu Sep 13, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversions when we will be in 22% bracket for indefinite future
Replies: 16
Views: 1810

Re: Roth conversions when we will be in 22% bracket for indefinite future

retiredjg - The current limit is $170K Modified AGI. At age 81 I am looking ahead to see what the tax rate for either of us might be when filing single as a result of the death of one of us. I am considering a Roth conversion up to Modified AGI of $170K. Combined with previous (years ago) conversion...
by tomd37
Wed Sep 12, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Utility usage way up
Replies: 45
Views: 2599

Re: Utility usage way up

psteinx - I think you are confusing me with the original poster. I was just giving an example of our monthly billing to the original poster.
by tomd37
Wed Sep 12, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: Utility usage way up
Replies: 45
Views: 2599

Re: Utility usage way up

Jehova - I pulled out my last bill from my electric company. There is a section on it where they show me the detailed usage by month. It shows a graph showing kWh usage for the past thirteen months for comparisons. There is another section that shows more detail for this month, last month, and last ...
by tomd37
Tue Sep 11, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: RMD will turn 70 in Nov. 2018
Replies: 22
Views: 1740

Re: RMD will turn 70 in Nov. 2018

Dewey - Looking at a calendar for 2019 you have only two days on which you could complete a QCD for 2019; Monday and Tuesday, December 30th and 31st. I believe It could be done with close coordination with your investment company and I speak from experience with my investment company (Vanguard).
by tomd37
Tue Sep 11, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: RMD will turn 70 in Nov. 2018
Replies: 22
Views: 1740

Re: RMD will turn 70 in Nov. 2018

SeaShelleys - Just remember that if you delay the first RMD until the second year you will have two distributions to report on your tax return for the second year. That could result, dependent on your particular financial situation, in more of your Social Security being taxable than normally would b...
by tomd37
Sun Sep 09, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: What performance to expect from central AC?
Replies: 35
Views: 2368

Re: What performance to expect from central AC?

Yosh - I cannot find it now, but I just recently read a post on this site where a new hvac unit was installed and was not running properly. After many tests, and including getting another company to check things out, it was determined that the newly installed unit was over-charged with refrigerant. ...
by tomd37
Sat Sep 08, 2018 10:02 pm
Forum: Personal Consumer Issues
Topic: Older Toyota/Honda/Similar owners: How often do you clean your car?
Replies: 36
Views: 2123

Re: Older Toyota/Honda/Similar owners: How often do you clean your car?

2010 Toyota Venza 4-cylinder getting ready to turn 40K miles this month. This 80- year-old has never taken this car to any type of car wash. Only one time has my repair shop washed it, otherwise I do it myself.
by tomd37
Thu Aug 30, 2018 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1745

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

I have used the same method as jdb mentioned for the past ten years with my Flagship rep and they have all mentioned how easy it is for them when I email the list the day before our scheduled call.
by tomd37
Thu Aug 30, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: I.R.S. form 5498 - IRA Contribution Information
Replies: 5
Views: 564

Re: I.R.S. form 5498 - IRA Contribution Information

You never know when you might need the Form 5498 so I would recommend you keep each one. When our son passed away those forms came in very handy for our daughter, who inherited his Roth IRAs, to prove when the IRAs were funded. I am sure there are other reasons to keep them also.
by tomd37
Thu Aug 30, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1745

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

I agree with both jdb and Kaneohe. The investment companies have no positive knowledge nor the responsibility to determine if the payee is a qualified charitable organization. I've personally been doing QCDs for the past ten years (in those years it was available) and reporting the 1099-R info corre...
by tomd37
Wed Aug 29, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: EINs when filing separately
Replies: 5
Views: 467

Re: EINs when filing separately

MJR84,
Are you going to lose any married filing jointly tax benefits when and if you file with married filing separately status? IRS Publication 17, page 22 contains special rules that apply to MFS filing status if you are not already familiar with this filing status.
by tomd37
Mon Aug 27, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: How often do you change your HVAC filters?
Replies: 57
Views: 3143

Re: How often do you change your HVAC filters?

Kenkat & LMBFlorida,
Are you referring to 4-inch or 1-inch 3M filters? OP is referring to 4-inch filters.
by tomd37
Sun Aug 26, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Former Kaspersky user, PCMATIC?? or what as a replacement?
Replies: 23
Views: 1448

Re: Former Kaspersky user, PCMATIC?? or what as a replacement?

I am a Comcast user. If I choose to use their Norton should I or do I have to remove other systems such as free Avast and Malwarebytes?
by tomd37
Tue Aug 21, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: VG PAS Recommendations - Surprised/Disappointed?
Replies: 14
Views: 1654

Re: VG PAS Recommendations - Surprised/Disappointed?

BigJohn - I get the overall impression that VG PAS is just making a too complicated recommendation. We are in our early 80's and I feel "we have won the game" in our 40/60 stock/bond asset allocation. If I went to the three-fund allocation with 20% of the stock side being international, that is only...
by tomd37
Sun Aug 19, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 40
Views: 3712

Re: Retirees: Timing your withdrawals

We have been doing RMDs for thirteen years now. With SS and military pension covering two-thirds of our budget needs, we wait until August, then take our QCDs first and after they are received and mailed to the charities we take our remaining RMDs for the year. Prior to the final RMD I review our fe...
by tomd37
Sun Aug 19, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: [Thinking about a two-fund portfolio]
Replies: 5
Views: 581

Re: The Three-Fund Portfolio

Thank you for the reply Taylor. Maybe one of the moderators will move it to that forum.
by tomd37
Sun Aug 19, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: [Thinking about a two-fund portfolio]
Replies: 5
Views: 581

[Thinking about a two-fund portfolio]

Moved into a stand-alone thread from: The Three-Fund Portfolio --admin LadyGeek] Question for Taylor et al regarding international investing. Based on a ratio of 20% of equity allocation to the Total International Stock Index Fund (VTIAX), does it really have much of an impact if your total allocat...
by tomd37
Sun Aug 19, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 89
Views: 14919

Re: The Fall of Consumer Reports

I have had a continuous subscription to the CR print edition since the January 1965 issue. I also now subscribe to the online version for ease of access to information in older issues. While I don't like the current format implemented a couple of years ago, I still find the publication very useful. ...
by tomd37
Sun Aug 12, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 2115

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: 1099

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: 2379

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: 493

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: 540

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: 1160

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: 1272

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: 1911

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: 1911

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: 1729

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: 5319

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: 7150

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: 2377

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: 346

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: 1863

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: 2377

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: 2377

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: 2377

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: 3664

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: 1863

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: 2404

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: 2404

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: 1863

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: 1887

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: 4460

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...