Search found 2878 matches

by tomd37
Sat Dec 15, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard RMD tax withholding
Replies: 11
Views: 753

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: 409

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: 753

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: 859

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: 4861

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: 2981

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: 2361

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: 759

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: 759

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: 6371

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: 1580

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: 10466

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: 10466

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: 52
Views: 3979

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: 10466

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: 10466

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: 10466

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: 693

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: 1342

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: 3907

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: 3907

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: 553

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: 553

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: 2510

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: 32
Views: 5838

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: 380

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: 564

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: 770

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: 770

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: 2258

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: 2501

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: 1342

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: 1342

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: 92
Views: 19385

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: 1250

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...
by tomd37
Thu Nov 01, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: 2019 Subaru Outback 2.5 vs 3.6
Replies: 43
Views: 4911

Re: 2019 Subaru Outback 2.5 vs 3.6

Ponyboy - How many miles do you have on your 2006 Forester that required a timing belt replacement? Normally I would expect to replace a timing belt on a twelve year old car, unless the mileage was extremely low. On the other hand one might replace it at lower mileage due to possible drying out of t...
by tomd37
Wed Oct 31, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5754

Re: Tax refunds expected to be 26% more in 2019

As a volunteer in a free tax preparation and submission service I follow tax law a bit more closely than the average person. I have signed up for email posts from the IRS and it seems they send out a monthly post encouraging people to look at and recalculate their withholding status and indicate tha...
by tomd37
Wed Oct 31, 2018 7:54 am
Forum: Personal Consumer Issues
Topic: USPS - Informed delivery - complain on missing items?
Replies: 53
Views: 3330

Re: USPS - Informed delivery - complain on missing items?

Michaeljc70 - I have had similar issues with non-delivery or incorrect delivery. There is another subdivision backing up to our subdivision and the house numbers on the parallel street are identical in many cases. There have been cases where my mail was delivered there and their mail delivered to me...
by tomd37
Tue Oct 30, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: Tire rotation - low mileage car
Replies: 36
Views: 1935

Re: Tire rotation - low mileage car

I have to step in and ask about our particular situation. 2018 Lexus ES-350, purchased in February 2018 as a result of the totaling of wife's 2017 ES-350, only has 1,200 miles and will be about 1,600 when it hits the one-year mark and is due for oil change and tire rotation according to Lexus. Any c...
by tomd37
Sun Oct 28, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Washing machine/dryer shopping
Replies: 38
Views: 2882

Re: Washing machine/dryer shopping

Based on current personal experience with Speed Queen washer and dryer, and based on fifty-one years of experience with top and front loading and agitator and non-agitator top loaders, I can vouch for Speed Queen. More expensive than some top loaders (and less than others) it is the best top loader ...
by tomd37
Sun Oct 28, 2018 8:50 pm
Forum: Personal Consumer Issues
Topic: Washing machine/dryer shopping
Replies: 38
Views: 2882

Re: Washing machine/dryer shopping

Catscadia - Side by side units or stacked units?
by tomd37
Sat Oct 20, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1767

Re: Fairmark Forum (Tax Forum)

Sent a personal message to Kaye Thomas through his website and had a response from him indicating he had fixed the sign on issues. Looks like it is working again. Thanks very much Kaye!
by tomd37
Fri Oct 19, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1767

Re: Fairmark Forum (Tax Forum)

Sent Kaye an email.
by tomd37
Fri Oct 19, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1767

Re: Fairmark Forum (Tax Forum)

Electron - As you were posting I was attempting to register again using a different user name but using my current and only email address. Fairmark's system replied I was not allowed to register because someone else was using my email address, which is not possible. Kaye has a mess on his hands and ...
by tomd37
Fri Oct 19, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1767

Re: Fairmark Forum (Tax Forum)

Kaneohe - I just attempted to register with the link you provided. I entered my former user name and my current email address and two errors came up:
user name already registered
email address already registered
by tomd37
Fri Oct 19, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Fairmark Forum (Tax Forum)
Replies: 19
Views: 1767

Re: Fairmark Forum (Tax Forum)

Apparently you cannot use your former user name to re-register. That's horrible and find it hard to believe. I would like my former user name and then be able to change my password to a new one. If anyone has luck re-registering please post here how you accomplished it. Thanks.
by tomd37
Wed Oct 17, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: Denied credit card with great credit
Replies: 17
Views: 1805

Re: Denied credit card with great credit

Great credit score in your mind. But lots of potential for negatives in the mind of the credit card company. And you see who won! But maybe there are other fish in the ocean you can go for.
by tomd37
Fri Oct 12, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is $4000 Tuition Deduction still available for 2018 tax year?
Replies: 12
Views: 1332

Re: Is $4000 Tuition Deduction still available for 2018 tax year?

A deduction reduces your AGI and therefore taxable income. A tax credit reduces your tax dollar for dollar and is more valuable in most, but not all cases.
by tomd37
Fri Oct 12, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: How are RMD's handled if you have more than one IRA account?
Replies: 3
Views: 544

Re: How are RMD's handled if you have more than one IRA account?

Not the question asked, but just for additional info to readers, don't forget that RMDs from a 401k or similar program are calculated and must be disbursed separately from traditional IRAs.
by tomd37
Wed Oct 03, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: CD strategy
Replies: 15
Views: 2064

Re: CD strategy

I have personal reasons for maintaining a larger than normal "cash" allocation over and above my normal 40/60 asset allocation deep into retirement. I am in the process of establishing a monthly CD on a one-year basis so that I have easy access to the amount monthly should it be needed. If not I'll ...