Search found 460 matches

by Matahari
Mon Feb 22, 2021 9:39 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6380
Views: 1434816

Re: What Movie Have You Recently Watched?

Japanfan1986 wrote: Sat Feb 20, 2021 10:07 pm Anyone have any recommendations for good dramas/protagonists driven stories that deal with money as an important element in someway?
Arbitrage (2012) directed by Nicholas Jarecki and starring Richard Gere, Susan Sarandon and Tim Roth, among others.
by Matahari
Fri Feb 19, 2021 5:20 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2656
Views: 265703

Re: [What TV Show Have You Recently Watched?]

The Salisbury Poisonings at AMC: https://www.amc.com/shows/the-salisbury-poisonings--47636 What a incredibly frightening situation, of which I have only a vague recollection of news reports at the time. The city health and safety manager played by Anne Marie Duff is a incredible and dedicated public...
by Matahari
Wed Feb 17, 2021 1:31 pm
Forum: Personal Consumer Issues
Topic: What is your favorite non fiction book?
Replies: 142
Views: 8352

Re: What is your favorite non fiction book?

Great question and great suggestions. I have my next year's reading list! For me, there are just too many to choose from so I'll go with the best book I read in 2020 and that was Educated . Educated by Tara Westover. Agreed. Truly an incredible story and if only more would have the wherewithal to a...
by Matahari
Sun Feb 14, 2021 1:06 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6380
Views: 1434816

Re: What Movie Have You Recently Watched?

I just rewatched Whale Rider (2002) on Kanopy.com. I first saw the film in the theater and then watched the film again about 10 years ago with my then teen-aged child, who was simply entranced by the story of the Maori girl who aspired to lead her community. https://www.kanopy.com/product/whale-rider
by Matahari
Thu Feb 11, 2021 3:36 pm
Forum: Personal Consumer Issues
Topic: What is your favorite non fiction book?
Replies: 142
Views: 8352

Re: What is your favorite non fiction book?

In the last several years the most stimulating non-fiction work I have read is The Fifth Risk , which is both Michael Lewis's most ambitious and most important book IMO. BobK It's my understanding that Netflix has optioned the book for an upcoming series. I read parts of this book with great intere...
by Matahari
Tue Feb 09, 2021 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: How can I help my mother in retirement?
Replies: 46
Views: 3483

Re: How can I help my mother in retirement?

Whatever you do, you need to make sure that your spouse is on board. Whatever you do, do not let your mother know the full extent of your financial assets, lest there be some expectations regarding the level of financial assistance you can "afford." What you choose to give your mother is w...
by Matahari
Mon Feb 08, 2021 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Give electric wheelchair to veteran---liability
Replies: 39
Views: 3064

Re: Give electric wheelchair to veteran---liability

My wife’s father died. She is the only heir. He was a disabled Korean War veteran. The Veteran’s Administration took good care of him at home. Two-years ago the VA gave him a high-end electric wheelchair. The VA said they don’t want it back. Another Korean War veteran, who the father knows, has ask...
by Matahari
Thu Feb 04, 2021 3:40 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2656
Views: 265703

Re: [What TV Show Have You Recently Watched?]

We watched the first episode of "Resident Alien" on SyFy based on reviews and our love of Alan Tudyk's work. It is a dark sci-fi comedy. Tudyk is great and hilarious, as expected, and we are looking forward to subsequent episodes, of which 3 are currently available. (It's hard to go back t...
by Matahari
Tue Feb 02, 2021 8:27 pm
Forum: Personal Consumer Issues
Topic: Building our retirement home
Replies: 102
Views: 7093

Re: Building our retirement home

When we were designing and building, we considered one of these Endless Pools, but did not go far enough along to have priced it out fully. Also, it would have been 18+ years ago, so the information would be long outdated. https://www.endlesspools.com/ We ended up doing an outdoor pool, with Pebble ...
by Matahari
Tue Jan 26, 2021 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh Fidelity! May have to leave!
Replies: 92
Views: 8349

Re: Ugh Fidelity! May have to leave!

3. I had Bank of America (BoA) transfer a low six digit amount via ACH to Fidelity. It arrived 1/21. Not only can I not trade with it, but I can’t even transfer the money to our brokerage accounts at Fidelity. The CSR told me that it was being held because it was “such a large amount” but that I co...
by Matahari
Sun Jan 17, 2021 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Form 709 [Gift tax] for gifting to child
Replies: 27
Views: 1921

Re: Form 709 [Gift tax] for gifting to child

Thanks a lot again. I have been claiming our son as my dependent, and like you rightly guessed, he is also claiming himself as my dependent on his tax return. These calculations are going above my head :-) Trying to figure out what's the best route... Helping our children with our own hard earned m...
by Matahari
Sun Jan 10, 2021 5:45 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6380
Views: 1434816

Re: What Movie Have You Recently Watched?

"Sylvie's Love" on Amazon Prime. Imagine a Douglas Sirk film except with Black leads, something that was not feasible during the era those films were being made. Great music and jazz. If interested in more information, here's a review in the NYT, where it's a Critic's Pick: https://www.nyt...
by Matahari
Sun Jan 10, 2021 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Any couples out there who retired at different times?
Replies: 26
Views: 2468

Re: Any couples out there who retired at different times?

Yes. I retired from a paying job several years ago but have been primarily responsible for managing family finances and investments, in addition to shepherding our young adult child and helping out elderly parents and other family, as needed. My husband continues to work at a very hard pace. In addi...
by Matahari
Sun Jan 03, 2021 5:51 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2656
Views: 265703

Re: [What TV Show Have You Recently Watched?]

"Unorthodox" -- 4 episode miniseries on Netflix. Amazing work by the lead actress, a young Israeli actress named Shira Haas. https://www.netflix.com/title/81019069 Based on a memoir Deborah Feldman, who herself fled her ultra-Orthodox life. If you liked it, I recommend Shtisel , same actr...
by Matahari
Wed Dec 30, 2020 5:21 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2656
Views: 265703

Re: [What TV Show Have You Recently Watched?]

"Unorthodox" -- 4 episode miniseries on Netflix.

Amazing work by the lead actress, a young Israeli actress named Shira Haas.
https://www.netflix.com/title/81019069
Based on a memoir Deborah Feldman, who herself fled her ultra-Orthodox life.
by Matahari
Sun Dec 20, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6380
Views: 1434816

Re: What Movie Have You Recently Watched?

Let Them All Talk 2020 Starring Meryl Streep, Candice Bergen and Dianne Wiest Only slightly formulaic as most American movies are, this is a nice change up...older women plumbing the depths of life in the later decades along with regrets and redemption? with big helpings of literary fun and beacoup...
by Matahari
Fri Dec 18, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to K-1 (Partnership) in 2021 (Tax Question)
Replies: 10
Views: 607

Re: Moving to K-1 (Partnership) in 2021 (Tax Question)

Assuming you are joining a partnership of professionals (no time to read thru your other postings), will you be incorporating as a professional corporation or professional association as a partner? If considering whether to do so, you should investigate the legal advantages, such as to avoid joint a...
by Matahari
Thu Dec 17, 2020 3:03 pm
Forum: Personal Consumer Issues
Topic: Who's keeping Netflix now? (price increased to $13.99)
Replies: 200
Views: 14169

Re: Who's keeping Netflix now? (price increased to $13.99)

I haven't gone thru all the posts but those who seek an alternative to the commercial streaming services should check with their libraries to see if they offer free streaming. Typically the service is metered (X views per month) but if both spouses have library cards, you can double your monthly vie...
by Matahari
Wed Dec 16, 2020 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: The pros and cons of gifting money to children early?
Replies: 162
Views: 11039

Re: The pros and cons of gifting money to children early?

This is neither a pro nor a con, but a wealthy relative of ours gifts enough to their children so that the kids can contribute the maximum to their Roth plans at work (~$19,500 per year I believe) so that their kids can load up their Roth accounts without concern about paying their bills. The notio...
by Matahari
Wed Dec 16, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: The pros and cons of gifting money to children early?
Replies: 162
Views: 11039

Re: The pros and cons of gifting money to children early?

I have personal experience with this situation. It can be good or it can be bad. My brother and I both inherited a six-figure amount in our late 20's. It wasn't my parents' plan from the outset, it was due to a divorce situation. For me, it was a tremendous help. I paid for grad school and invested...
by Matahari
Wed Dec 16, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: The pros and cons of gifting money to children early?
Replies: 162
Views: 11039

Re: The pros and cons of gifting money to children early?

This is neither a pro nor a con, but a wealthy relative of ours gifts enough to their children so that the kids can contribute the maximum to their Roth plans at work (~$19,500 per year I believe) so that their kids can load up their Roth accounts without concern about paying their bills. The notion...
by Matahari
Mon Dec 14, 2020 10:34 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6380
Views: 1434816

Re: What Movie Have You Recently Watched?

Uncorked (2020) on Netflix -- about a young man who aspires to be a master sommelier. I had no idea that this is a designation and what goes into the training and certification to become one. The lead actor, Mamoudou Athie, is excellent, as is Courtney B. Vance. (Another film starring Athie is "...
by Matahari
Fri Dec 11, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth were the following amounts, how much real estate would you own?
Replies: 142
Views: 9899

Re: If your net worth were the following amounts, how much real estate would you own?

Having recently done financial housekeeping and figured out that we have spent quite a great deal on our housing over the past ~20 years, I would prefer to have the luxury of adapting our housing to our needs as they evolve now that we are getting older. When we were younger and raising a young chil...
by Matahari
Wed Dec 09, 2020 2:47 pm
Forum: Personal Consumer Issues
Topic: $100 Cash for Teachers - Issues?
Replies: 92
Views: 5267

Re: $100 Cash for Teachers - Issues?

Another vote for gift cards. Cash just looks tacky. Teachers are called upon to do so much and often purchase supplies out of pocket. Any help in that direction would be a plus for your child(ren)'s education. "Cash" gift cards that can be used at any vendor would be a good alternative to ...
by Matahari
Tue Dec 08, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Post-death financial plan for Mom - Really need some advice
Replies: 18
Views: 2020

Re: Post-death financial plan for Mom - Really need some advice

Hi all - thank you for so many responses. I don't understand "step up" along with some of the tax items to consider and will re-review and research this advice later this evening. Here is some basic reading on "step-in in basis": https://www.investopedia.com/terms/s/stepupinbasi...
by Matahari
Mon Dec 07, 2020 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Post-death financial plan for Mom - Really need some advice
Replies: 18
Views: 2020

Re: Post-death financial plan for Mom - Really need some advice

My condolences to you and your family on your loss. Following up on the information about the step-up in basis for your mother's inherited securities, here's the general rule: IRC section 1014(b)(6) provides that community property assets step up 100% in basis at the death of one spouse (even though...
by Matahari
Fri Dec 04, 2020 4:42 pm
Forum: Personal Investments
Topic: Is there any advantage to using wealth management or private banking?
Replies: 33
Views: 3302

Re: Is there any advantage to using wealth management or private banking?

What professionals would you use to set up and trust with doing bill pay, taxes, etc. if you should become incapacitated and without trusted and/or available relatives /friends? Is it the (non-solo) practice with estate attorney and CPA/accountant? I know some set up with a bank's financial arm to ...
by Matahari
Fri Nov 20, 2020 4:43 pm
Forum: Personal Investments
Topic: When do you stop contributing to mutual funds at year end?
Replies: 15
Views: 2006

Re: When do you stop contributing to mutual funds at year end?

Use this schedule. https://advisors.vanguard.com/iwe/pdf/taxcenter/FADECDIV.pdf Thanks for the link. I do look that up each year to know when to resume. Now I'm confused. If you already use this schedule, why did you ask your question? Not sure why you persist in your questioning? But my question o...
by Matahari
Thu Nov 19, 2020 9:33 pm
Forum: Personal Investments
Topic: When do you stop contributing to mutual funds at year end?
Replies: 15
Views: 2006

Re: When do you stop contributing to mutual funds at year end?

Use this schedule. https://advisors.vanguard.com/iwe/pdf/taxcenter/FADECDIV.pdf Thanks for the link. I do look that up each year to know when to resume. Now I'm confused. If you already use this schedule, why did you ask your question? Not sure why you persist in your questioning? But my question o...
by Matahari
Thu Nov 19, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Disclaiming an inheritance
Replies: 25
Views: 3377

Re: Disclaiming an inheritance

Hello, ye wise ones! Here's the situation. Dear MIL passed away with financial assets/securities valued at about 500K. Both her sons, named as heirs in her will, are financially secure and do not need any inheritance. One son has no children, the other has two children. Brothers have agreed to both...
by Matahari
Thu Nov 19, 2020 5:03 pm
Forum: Personal Investments
Topic: When do you stop contributing to mutual funds at year end?
Replies: 15
Views: 2006

Re: When do you stop contributing to mutual funds at year end?

For index funds paying quarterly dividends, the gain is trivial, and you lose any benefit if you wait more than a week. Typically, the dividend is about 0.5%, and is mostly qualified, so the tax cost is 0.08%. If your mutual fund outperforms cash by 5.2% annually, you lose 0.10% by waiting a week (...
by Matahari
Thu Nov 19, 2020 4:56 pm
Forum: Personal Investments
Topic: When do you stop contributing to mutual funds at year end?
Replies: 15
Views: 2006

Re: When do you stop contributing to mutual funds at year end?

UpperNwGuy wrote: Wed Nov 18, 2020 9:34 pm Use this schedule.

https://advisors.vanguard.com/iwe/pdf/t ... DECDIV.pdf
Thanks for the link. I do look that up each year to know when to resume.
by Matahari
Wed Nov 18, 2020 10:21 pm
Forum: Personal Investments
Topic: When do you stop contributing to mutual funds at year end?
Replies: 15
Views: 2006

Re: When do you stop contributing to mutual funds at year end?

retired@50 wrote: Wed Nov 18, 2020 9:00 pm
Matahari wrote: Wed Nov 18, 2020 8:00 pm I am actually hoping to time the buy with any potential dip in the S&P 500 index that might, unfortunately, occur in upcoming days.
Do you know something we don't? :shock:

Regards,
No, it is just my own individual thinking.
by Matahari
Wed Nov 18, 2020 8:00 pm
Forum: Personal Investments
Topic: When do you stop contributing to mutual funds at year end?
Replies: 15
Views: 2006

Re: When do you stop contributing to mutual funds at year end?

I would be unconcerned about buying the dividend, but if you are, then buy after the dividend is paid which leaves at least a couple of week in late December to contribute to the fund. I think the buying the dividend warning applies to actively-managed mutual funds that may distribute large dividen...
by Matahari
Wed Nov 18, 2020 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Basic estate planning vs. Advanced estate planning
Replies: 9
Views: 937

Re: Basic estate planning vs. Advanced estate planning

I recently contacted a few local estate attorneys in CA because I was interested in more advanced estate planning such as SLATs or DAPTs or IDGT or GRATs etc. Two of them told me that they did not do that kind of work but they strongly suggested that I do Basic estate planning first. This involved ...
by Matahari
Wed Nov 18, 2020 4:33 pm
Forum: Personal Investments
Topic: When do you stop contributing to mutual funds at year end?
Replies: 15
Views: 2006

When do you stop contributing to mutual funds at year end?

Fellow Bogleheads, I have a significant sum (high 5 figures) that I'd like to invest into my Vanguard 500 Index (VFIAX) taxable account; this would not be a new investment, but is part of periodic additional investments. But because we are nearing December year-end distribution dates, is it too clos...
by Matahari
Wed Nov 18, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Young Adult "finished" with Kiddie Tax status
Replies: 7
Views: 1206

Re: Young Adult "finished" with Kiddie Tax status

If the IRS actually were to insist that the adult child were a dependent of the parents, the parents taxes would, if anything, go down, not up. The child's taxes would go up from loss of standard deduction and the use of a tax rate schedule with higher rates. Even if a child were to be classified a...
by Matahari
Mon Nov 16, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Young Adult "finished" with Kiddie Tax status
Replies: 7
Views: 1206

Re: Young Adult "finished" with Kiddie Tax status

I am concerned about any potential tax audit/liability exposure for her, and for my husband and me as her parents, resulting from a change to "non-Kiddie Tax" status for 2020. She has filed tax returns since 2014. Is this type change -- essentially a change in a taxpayer's (her) tax rate ...
by Matahari
Mon Nov 16, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Young Adult "finished" with Kiddie Tax status
Replies: 7
Views: 1206

Re: Young Adult "finished" with Kiddie Tax status

The IRS has a form https://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf which they encourage taxpayers to use to document the "support" issue. The calculation of an individual "support" amount can be complex. The thing that seems m...
by Matahari
Sun Nov 15, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Record Keeping and Financial Statements - what to keep and how
Replies: 49
Views: 3203

Re: Record Keeping and Financial Statements - what to keep and how

We are in the process of doing some estate planning which has me thinking about record keeping. I remember back before online account access, you kept a check register and balanced/reconciled your accounts by reviewing the statement each month. Now, all of our accounts are paperless, and I don't do...
by Matahari
Sun Nov 15, 2020 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Young Adult "finished" with Kiddie Tax status
Replies: 7
Views: 1206

Young Adult "finished" with Kiddie Tax status

Fellow Bogleheads, My child will turn 24 in 2021 and definitely will not be subject to Kiddie Tax in 2021. However, as a result of various circumstances and an increase in W-2 Earned Income, she is arguably no longer subject to kiddie tax in 2020 under the "support" test -- meaning that he...
by Matahari
Mon Nov 02, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning questions - young family
Replies: 23
Views: 2840

Re: Estate planning questions - young family

Couple in mid-30's with a one year old child. We're working with an estate planning attorney and am not sure who to pick as executor and co-trustee/successor trustee. We don't have any family that are particularly savvy with finances and taxes. The guardian will be a cousin who lives in another sta...
by Matahari
Sat Oct 17, 2020 5:39 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6380
Views: 1434816

Re: What Movie Have You Recently Watched?

I was browsing the last few pages of this tread for ideas.... We recently watched "Black Box" (2020) on Amazon Prime. The work by the lead actor, Mamoudou Athie, is fantastic. The movie is not a horror film; it's more in the nature of a sci-fi thriller. Also watched "The Vast of Night...
by Matahari
Tue Oct 06, 2020 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with Kiddie Tax Form 8615 - Line 7 Tax
Replies: 0
Views: 227

Need help with Kiddie Tax Form 8615 - Line 7 Tax

Hello fellow Bogleheads, I'm helping my kiddo with Form 8615 (Tax for Certain Children Who Have Unearned Income) and one line from the Form 8615 Instructions has me stumped. I'm looking at Page 3 of the Instructions relating to Form 8615, Part II, Line 7. Kiddo uses the Qualified Dividends and Capit...
by Matahari
Thu Aug 20, 2020 9:51 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13486

Re: When should one share financials with their children?

Parents who prefer to hold their financial information close to their vest should consider, at least, having this conversation with their adult children so that their children can plan for their own retirement and children's college expenses without this added concern. I have assured my daughters t...
by Matahari
Thu Aug 20, 2020 5:53 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13486

Re: When should one share financials with their children?

I am in communication with cousins who are "interested" in their parents' financial condition because the cousins want to be prepared in the event that they need to step in and help with assisted living, long-term nursing care or final expenses. These cousins are younger and are still savi...
by Matahari
Tue Aug 18, 2020 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Downsides of converting from a Joint Account to an Individual Account - re: Beneficiaries
Replies: 10
Views: 529

Re: Downsides of converting from a Joint Account to an Individual Account - re: Beneficiaries

If you live in a community-property state, community property gets a full step-up in basis for the surviving spouse. If you do live in a community-property state, you may wish to review your decision with regard to this particular issue, separate from the matter of designating beneficiaries, in case...
by Matahari
Mon Aug 17, 2020 4:43 pm
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13486

Re: When should one share financials with their children?

Now. Cognitive decline and dementia starting in your 70s is not uncommon. At some point, it can be valuable to have a second set of eyes on your finances. I agree with this, especially for those whose spouses are not heavily involved. Normally one's spouse would be the co-pilot, but that is not alw...
by Matahari
Mon Aug 17, 2020 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Did any inheritance make positive effect on your life?
Replies: 229
Views: 19618

Re: Did any inheritance make positive effect on your life?

OP, yes. But not in the monetary sense. When the occasion arose, it prompted me to learn in earnest the estate tax system so that I could make better plans for ourselves. Also, I saw firsthand what an ungodly mess of records and possessions people can leave behind for their survivors to clean out. T...
by Matahari
Sun Jul 26, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of buying a big house
Replies: 60
Views: 5399

Re: Pros and cons of buying a big house

OP, We built a large (5600 sq. ft) house (4 BR, 5 BA + office + 3 living spaces + media room) 15+ years ago to provide ample office space, large bedroom + bath for our child while growing up, space for family and social gatherings, and anticipating the potential need to house elderly parents in thei...