Search found 380 matches

by annielouise
Fri Jan 25, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Inherited IRA: Is this surprising?
Replies: 17
Views: 1333

Re: 1099-R Inherited IRA: Is this surprising?

I'm pretty sure we treat this as a rollover, so no tax is due. But I was wondering if the 1099-R makes sense/ was done correctly. . You are fine. Just report it on your 2018 tax return as a 100% rollover to a new custodian (in the IRA distribution section of the software). Alan S. often warns that ...
by annielouise
Fri Jan 25, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: 1099-R Inherited IRA: Is this surprising?
Replies: 17
Views: 1333

Re: 1099-R Inherited IRA: Is this surprising?

I'm pretty sure we treat this as a rollover, so no tax is due. But I was wondering if the 1099-R makes sense/ was done correctly. . You are fine. Just report it on your 2018 tax return as a 100% rollover to a new custodian (in the IRA distribution section of the software). Alan S. often warns that ...
by annielouise
Wed Jan 23, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Inherited IRA: Is this surprising?
Replies: 17
Views: 1333

Re: 1099-R Inherited IRA: Is this surprising?

It sounds to me like the 1099-R described has nothing to do with the rollover; it reports a distribution from the decedent's IRA to a new account at the same institution for one of the three beneficiaries. If this happened in 2018 and there was no distribution to the beneficiary by the original cus...
by annielouise
Wed Jan 23, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Inherited IRA: Is this surprising?
Replies: 17
Views: 1333

Re: 1099-R Inherited IRA: Is this surprising?

Did you get a required minimum distribution last year as well as doing the transfer of the inherited IRA? I am in a similar situation and when I glanced at the recently received 1099 last week it was for the RMD amount. No. The decedent's POA took out much more than his RMD in 2018, so the benefici...
by annielouise
Wed Jan 23, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-R Inherited IRA: Is this surprising?
Replies: 17
Views: 1333

Re: 1099-R Inherited IRA: Is this surprising?

My husband was one of 3 beneficiaries of his dad's IRA. The original custodian split it into 3 individual inherited IRAs at their company (this was kinda behind the scenes and short term) and then sent checks to the new custodian of choice (Vanguard for my husband). The check was made out to Vangua...
by annielouise
Wed Jan 23, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: 1099-R Inherited IRA: Is this surprising?
Replies: 17
Views: 1333

1099-R Inherited IRA: Is this surprising?

My husband was one of 3 beneficiaries of his dad's IRA. The original custodian split it into 3 individual inherited IRAs at their company (this was kinda behind the scenes and short term) and then sent checks to the new custodian of choice (Vanguard for my husband). The check was made out to Vanguar...
by annielouise
Wed Jan 23, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Cell Phone Plans - Question Re Best Plan for Combining Husband & Wife
Replies: 65
Views: 2650

Re: Cell Phone Plans - Question Re Best Plan for Combining Husband & Wife

Spectrum internet also has a Verizon based plan that is cheaper. At T-Mobile, I believe you can get $120 for 2 people including all taxes and fees. It also includes basic Netflix. It's unlimited, although it might have a cap for 4G speed. It also allows text and data in a slew of other countries. Ve...
by annielouise
Tue Jan 22, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Verifying Vanguard 1099-DIV
Replies: 21
Views: 1338

Re: Verifying Vanguard 1099-DIV

Is there any chance you converted from a mutual fund account to a brokerage account in the fall? If yes, the dividends after the conversion would be reported on your February brokerage tax form.
by annielouise
Mon Jan 21, 2019 2:09 pm
Forum: Personal Investments
Topic: Employer offering HDHP but no HSA!
Replies: 12
Views: 1169

Re: Employer offering HDHP but no HSA!

We had an HSA eligible HDHP and our employer chose not to offer an HSA. We set up an HSA at our credit union. That worked fine. You DO need to verify that your plan is HSA eligible. It can be more complicated than just deductible and max out of pocket. For example, our current plan would fit those 2...
by annielouise
Sun Jan 20, 2019 11:00 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 146
Views: 8981

Re: Grocery shopping strategy

I have reduced our grocery spending from about $550 to about $450 by doing more comparison shopping. But, I have the time to do that and live in a fairly competitive market. I shop at Walmart, Target, Kroger, Trader Joe's, Sam's Club, and Sprouts. I also shop Amazon, Walmart.com, Target.com, and Kro...
by annielouise
Sun Jan 20, 2019 8:38 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 146
Views: 8981

Re: Grocery shopping strategy

Since you shop at Wal-Mart, use their phone app with the "savings catcher". It usually credits me with about 3% to be used on the next purchase. Maybe it's how I shop or the items I buy, but since I started using Savings Catcher, I have received money back one time (out of 5 shopping trips) of abou...
by annielouise
Sun Jan 20, 2019 7:39 am
Forum: Personal Investments
Topic: Is my 1099-r correct?
Replies: 12
Views: 1090

Re: Is my 1099-r correct?

Can I piggyback on this topic? Similar situation for my husband and me, except we (unknowingly) did make the October 15th deadline. Both of our 1099-Rs say J8. Mine says $0 in taxable, while my husband's says $48. Can anyone go over what we need form-wise? I know we owe a 10% penalty on the $48. Th...
by annielouise
Sat Jan 19, 2019 6:37 pm
Forum: Personal Investments
Topic: Is my 1099-r correct?
Replies: 12
Views: 1090

Re: Is my 1099-r correct?

Can I piggyback on this topic? Similar situation for my husband and me, except we (unknowingly) did make the October 15th deadline. Both of our 1099-Rs say J8. Mine says $0 in taxable, while my husband's says $48. Can anyone go over what we need form-wise? I know we owe a 10% penalty on the $48. Tha...
by annielouise
Sat Jan 19, 2019 11:38 am
Forum: Investing - Theory, News & General
Topic: So when do you sell?
Replies: 27
Views: 2702

Re: So when do you sell?

My thinking is inheritance only helps those who are responsible with money (and they won't need help!). Inheritance will only be wasted by those who are irresponsible with money. I hope this was meant in jest. If not, I have to say that there are plenty of people responsible with money who can bene...
by annielouise
Fri Jan 18, 2019 4:13 pm
Forum: Personal Investments
Topic: Capital One 360 MM for $500 bonus
Replies: 31
Views: 2932

Re: Capital One 360 MM for $500 bonus

I did this a couple of months ago and no hitches. I did have 2 C1 credit cards but no savings accounts. The bonus was paid out 3-4 weeks after I became eligible. I recall you only have to transfer $50K in there. You don't have to leave $50K in there for the period, you just have to leave whatever t...
by annielouise
Fri Jan 11, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Anyone received their IRS PIN?
Replies: 13
Views: 1389

Re: Anyone received their IRS PIN?

We haven't received 2018 tax year PINs. Was wondering if the shutdown will slow them down. This is our 5th year, and the longest we have waited.
by annielouise
Tue Jan 08, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: How did store know what exact coupons to mail me?
Replies: 23
Views: 2290

Re: How did store know what exact coupons to mail me?

And, yet, the algorithms can go wonky, too. We are in our 50s. Our only child is turning 30 soon. We have no grandchildren and never will. Yet, we regularly get coupons and ads for baby products and have for many years! The only guess we have is that we buy a lot of bananas and the algorithms link t...
by annielouise
Tue Jan 08, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Job Loss Checklist
Replies: 19
Views: 2217

Re: Job Loss Checklist

You are doing a great job at planning. High marks for making changes immediately instead of after severance runs out! Lots of great advice already. Hope these insights help, too. UI: This will depend on state law. Review what your state says about severance payment. Our state allowed applying immedi...
by annielouise
Sun Jan 06, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: How often do you deep clean?
Replies: 52
Views: 2425

Re: How often do you deep clean?

It's certainly extreme compared to most people and, perhaps, some of it is counterproductive. It's probably not actually OCD since it happens only once a year. If I had to guess, I would say he grew up (1) in a dirty home because I did and it is hard to find a good balance when you grow up without a...
by annielouise
Sun Jan 06, 2019 10:22 am
Forum: Personal Consumer Issues
Topic: Phone concierge service for seniors?
Replies: 17
Views: 1617

Re: Phone concierge service for seniors?

My Dad was scammed by a call with caller ID: “AppleCare.” While AppleCare May never actually call you, other companies, including banks, sometimes do. Any suggestion for handling these calls? While this may not work for your dad, this is what I do. I always start with saying that it is a bad time a...
by annielouise
Sat Jan 05, 2019 8:39 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 98
Views: 8989

Re: Shingrix [Vaccine availability]

I was lucky. I walked into Walgreens in July and asked if they had it and they did. Went back in October and asked if they had the second and they did. I did have a bad reaction to the 2nd shot (flu-like). I am one of those rare people who got shingles when I was young (about 11). It was a fairly mi...
by annielouise
Sat Jan 05, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Cards - Transaction Activity
Replies: 17
Views: 2136

Re: Chase Credit Cards - Transaction Activity

You can do 5 months in the custom date range, but that seems to be the most possible.

I download about once a month to add the transactions to my Excel "checkbook" and reconcile them with my budget. I had no idea that it had such a short window.

Another mark against Chase in my book.
by annielouise
Wed Jan 02, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 903
Views: 233964

Re: Share your networth progression

Update: I only have records back to 2006, January 1st amts. 2006: $482,000 2007: $609,000 2008: $687,000 2009: $567,000 2010: $750,000 2011: $873,000 2012: $952,000 2013: $1,087,000 2014: $1,286,000 2015: $1,440,000 2016: $1,562,000 2017: $1,767,000 2018: $2,029,000 2019: $2,106,000 2018 was a year ...
by annielouise
Tue Jan 01, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Can frozen credit cause problems opening an HSA?
Replies: 9
Views: 647

Re: Can frozen credit cause problems opening an HSA?

Of course every plan is different, but we had one open last fall with frozen credit. It is possible today that your wife could create/ logon to the account and see what it says, so she should attempt that. There are considerable issues with mail theft and loss. Your wife may want to contact the prov...
by annielouise
Thu Dec 27, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: New House Construction: Licensed Inspection
Replies: 10
Views: 950

Re: New House Construction: Licensed Inspection

It never occurred to me to bring an inspector to these appointments, but we did hire an inspector at the end before purchase, just like before purchasing a pre-owned home. We also visited the site many other times since a home is essentially open for much of the construction time. I would be more in...
by annielouise
Tue Dec 25, 2018 10:42 pm
Forum: Investing - Theory, News & General
Topic: What have you learned this year
Replies: 90
Views: 6969

Re: What have your learned this year

We learned that no matter how many layoffs you get through unscathed, you can still be blindsided by the one that hits you.

We also learned that it is possible to get a new software job, even at age 53. Whew!
by annielouise
Mon Dec 24, 2018 5:33 pm
Forum: Personal Investments
Topic: What do you do with your down payment money?
Replies: 36
Views: 2653

Re: What do you do with your down payment money?

I would see if I could do better than my savings account with a no penalty CD, offered by Ally and Marcus (and possibly others).

Ally: 11 mo, 2.30% for >$25k
Marcus: 13 mo, 2.25% for >$500
by annielouise
Thu Dec 20, 2018 7:47 am
Forum: Personal Investments
Topic: Will you contribute all $6,000 to IRA in Jan or DCA?
Replies: 32
Views: 1974

Re: Will you contribute all $6,000 to IRA in Jan or DCA?

Until a few years ago, we did the lunp sun in January. Then our cash flow changed and we now DCA.

It would be cool for a young couple to test this. Invest both accounts identically. Lump sum one and DCA the other. Let us know the results in 5, 10, 20, and 30 years. :wink:
by annielouise
Fri Dec 14, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 19726

Re: Favorite Purchase of 2018?

Fleece lined jeans. I've considered getting some for years and finally did. They are wonderful. I wish I had 3 pairs!
by annielouise
Wed Dec 12, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: Where does one purchase correctly-sized petite trousers?
Replies: 28
Views: 1512

Re: Where does one purchase correctly-sized petite trousers?

When I was a size 4 petite, I bought my work slacks and blazers from Talbot's. I'm not sure what percent wool the pants were, but they were fully lined and warm. They had very good sales, which is when I did my buying. Nowadays, I find that petite inseams have become much longer and I generally have...
by annielouise
Fri Dec 07, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: DW has 39 credits of SS. Easiest way to get 40?
Replies: 15
Views: 3049

Re: DW has 39 credits of SS. Easiest way to get 40?

Is there much for her to gain by your trying to get that last credit? Medicare Part A is free with 40+ quarters of coverage. With 39 it costs $240/mo in 2019 . If you’re married and haven’t worked in a paying job: If your spouse is at least 62 years old, and has worked at least 10 years paying Medi...
by annielouise
Sun Dec 02, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Price vs. Gross Income
Replies: 59
Views: 4427

Re: Home Purchase Price vs. Gross Income

In 2015 when purchased about 230% off our gross yearly income. Now it is worth about 300% of our gross income, but that has more to do with lower income rather than increase in value.
by annielouise
Fri Nov 30, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have both CapOne 360 and CapOne brick & mortar accounts?
Replies: 4
Views: 231

Re: Anyone have both CapOne 360 and CapOne brick & mortar accounts?

I have a CapitalOne 360 account for checking and savings. I've had it since before it was CapitalOne when it was called INGDirect. I LOVED ING, but CapitalOne's customer service isn't as good. I also have a brick and mortar capitalone business account. The two will not interact under any circumstan...
by annielouise
Fri Nov 30, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have both CapOne 360 and CapOne brick & mortar accounts?
Replies: 4
Views: 231

Anyone have both CapOne 360 and CapOne brick & mortar accounts?

I want to know how they work together: Do they both appear on the same online account? Does money transfer immediately between them? We currently have brick and mortar CapOne checking and savings. In the past 3 years, the savings account has not increased interest rates while online savings has. We ...
by annielouise
Fri Nov 30, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting strategies
Replies: 21
Views: 1910

Re: Budgeting strategies

If spending has increased in certain flexible categories, you may want to simply budget those categories, at least to start. For example, you can say $200/ month for eating out and then STOP eating out when you hit the limit. Another good strategy is to look at regular bills and focus on lowering th...
by annielouise
Thu Nov 29, 2018 8:28 am
Forum: Personal Consumer Issues
Topic: Warm Sleepwear
Replies: 21
Views: 2547

Re: Warm Sleepwear

I can't help with warm sleepwear. For years though I have used a heated mattress pad and love it. Mine has dual controls (queen size) for each side and goes from 1 to 10. It is nice to be able to adjust the heat in just the bed depending on conditions. The heat also comes from below which I much pr...
by annielouise
Wed Nov 28, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: Electricity bill should be 7% per month of home sq footage.
Replies: 66
Views: 4029

Re: Electricity bill should be 7% per month of home sq footage.

The 7% might be what they see in your area. Sealing a home and insulating well can make a big difference, so can increasing/decreasing temperature, using LED bulbs, using plugs/outlet strips that reduce vampire drain, developing good habits, finding a good deal if your electricity is deregulated, et...
by annielouise
Fri Nov 16, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: What convenience fees does your city charge for credit card use?
Replies: 40
Views: 1979

Re: What convenience fees does your city charge for credit card use?

So far my city hasn't started charging for using a credit card. The city provides water, sewer, two garbage pickups/week, and another pickup of yard waste/recyclables. I actually get rewarded 2% to charge my utility bill. Broken Man 1999 This is just like my city. The only time I pay a convenience ...
by annielouise
Thu Nov 15, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Dumb question about bedding and comforters
Replies: 20
Views: 1746

Re: Dumb question about bedding and comforters

You may want to look at IKEA if you decide on buying a cover. Prices may be more reasonable.
by annielouise
Tue Nov 13, 2018 11:13 am
Forum: Personal Investments
Topic: 401K Retirement Catch Up Year, Maybe???
Replies: 6
Views: 563

Re: 401K Retirement Catch Up Year, Maybe???

It will also show up as an option on your account websites on 1/1. They know how old you are.
by annielouise
Wed Nov 07, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: How much to donate to local police and fire department?
Replies: 23
Views: 1850

Re: How much to donate to local police and fire department?

I would donate to a volunteer fire department. Probably would donate our minimum amount ($100) unless I had more information about where the money goes.
by annielouise
Tue Nov 06, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15296

Re: How much money are you leaving your kids after you die?

Our estate plan leaves everything to our son (only child, will not have grandchildren). It could be anything from $0 to $8M based on projections. Unfortunately, because of his health, there is a greater than usual chance that at least one of us will outlive him. We need to update our trust to make t...
by annielouise
Wed Oct 31, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Need New Phone?
Replies: 17
Views: 2255

Re: Need New Phone?

I just purchased a Motorola G6 Play. $216 with tax. Pretty sure it will meet my needs for as long as it lasts. My last phone committed suicide before it was 3 years old.
by annielouise
Tue Oct 30, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5893

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

Hmm, ours will be about 50% less. Ended up donating 5 years worth of donations to our DAF after the new tax law was passed, so our 2017 refund was larger than usual. 2018 would have been even smaller, but my husband is overpaying SS (2 jobs this year) and that will be refunded. Guess I am too lazy t...
by annielouise
Mon Oct 29, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 5078

Re: Should I co-sign for relative?

I cosigned on my son's first car loan. He could get the loan himself, but not the 0% financing. He is responsible and trustworthy. We could've afforded to pay the loan ourselves if we had to. If your situation is similar, I would say yes. Although the fact that it is a lease and quite a large one wo...
by annielouise
Mon Oct 29, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12990

Re: Am I doing well financially?

Is probably close to $112k/yr. Around ~$1k/mo in ongoing healthcare expenses. Around $1500/mo in groceries/eating out. $2600/mo mortgage payment. Avg. $400/mo travel expenses (spreading out travel costs over 12 mos); will probably go down once we have children obviously Avg. $600/mo in misc. BS the...
by annielouise
Mon Oct 29, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: Getting depressed with all this saving. :-(
Replies: 38
Views: 6515

Re: Getting depressed with all this saving. :-(

How about some perspective: In 2019 we will save $55k towards retirement. Our gross income (salary) will be $135k. We feel incredibly fortunate to have an income in the fifth quintile when so many people struggle for basic necessities. We get virtually everything we want (except medical care because...
by annielouise
Sat Oct 27, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: why split property tax payment with SALT limit; why itemize?
Replies: 19
Views: 2399

Re: why split property tax payment with SALT limit; why itemize?

1) You may want to split the payments so you can keep your money longer and collect the interest. 2) Single people also have the $10k SALT limit, but a much lower standard deduction, so many of them will still itemize. (About 45% of American adults are single.). Another reason to itemize would be po...
by annielouise
Wed Oct 24, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: "consultation fee": standard for preventative colonoscopy?
Replies: 81
Views: 5743

Re: "consultation fee": standard for preventative colonoscopy?

Our doctor required this. Insurance said in advance that it was not covered. We paid ($40 copay each). When it was billed to the insurance, they covered it 100% as part of the colonoscopy. We had our $80 refunded. I spend way more time making calls about charges, coverage, refunds etc then I spend g...
by annielouise
Wed Oct 24, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: 401(k) Provider Change - 25 days in cash?!
Replies: 29
Views: 2016

Re: 401(k) Provider Change - 25 days in cash?!

Don't worry about it. I can tell you, from personal experience, that you will forget it even happened until you see someone asking a question on BH about their own 401k changing providers a few years later. :D Just be sure to move to the funds you really want after the dust settles. Maybe set a cale...