Bogleheads.org

jimcrawford01

3420.02

jimcrawford01

I stand corrected.
Seems so obvious now.
Thanks to all for the clarification.

Jim

jimcrawford01

I made a QCD. Checks cashed by the Charity. Then the CARES bill became law. Can I simply take an IRA w/d in the amount (or greater) of the QCD in order to protect the tax benefit of the QCD, as intended? Thanks. Jim No. The QCD is now just a tax-free distribution. If you take another distribution, ...

jimcrawford01

Are RMDs PROHIBITED?. I can still w/d as much or as little as I choose, subject to all the other rules.
The language I have seen used is SUSPENDED. Needlessly confusing.
Thanks for the BogleHeads.

jimcrawford01

I made a QCD. Checks cashed by the Charity. Then the CARES bill became law.
Can I simply take an IRA w/d in the amount (or greater) of the QCD in order to protect the tax benefit of the QCD, as intended?

Thanks.
Jim

jimcrawford01

3115.39

jimcrawford01

You have a number of posts mention Form 8606.
If you REALLY wish to understand this and related subjects, take a few practice trips through the Form 8606 and consult the Form 8606 Instructions.
A VERY valuable experience.

jimcrawford01

About 15% of my tIRA is post tax $$. So, I when I RMD and/or Roth CONVERT, I take the Total W/D and multiply by .85 and that is the Taxable amount that is added to my Income. Question: Is the 15% that is NOT taxable included in IRMAA calculation? TIA. OP here. Thank you to retiredjg and cas! Your p...

jimcrawford01

About 15% of my tIRA is post tax $$.
So, I when I RMD and/or Roth CONVERT, I take the Total W/D and multiply by .85 and that is the Taxable amount that is added to my Income.
Question:
Is the 15% that is NOT taxable included in IRMAA calculation?
TIA.

jimcrawford01

There is a SeaPlane base on the waterfront . If small airplanes don't bother you, ask about an aerial tour. Take a Flight Instructor. That way you can make requests as to how long and where you would like to fly. It is a bit costly but is a very efficient and enjoyable way to tour the area.

jimcrawford01

I'm not a pilot but my sister and brother-in-law both fly jets. BIL flew a chopper in first golf war. Neither of them will fly in a small plane, says far too dangerous. Dangerous? Really? I think not. Risky, of course. General Aviation flying is not a risk free activity. Driving your car to the sto...

jimcrawford01

I was able to take a different course. Each State will have its own rules, I imagine. In the Property Settlement Agreement that preceded the final Divorce Decree, we agreed to split the value (on a given date) of the Pension and 401k. I wrote a check for that amount and she wrote a letter waiving al...

jimcrawford01

$400 and the H&R Rep states that the Backdoor Roth is closed? Really?
Time to ask for your $$ back and follow the explanations and directions given here. Really!

jimcrawford01

I'll be calling Vanguard tomorrow and will give an earful.
The Advantage Account served my needs well.
I will now seek alternatives for my investing needs.
Been a good 43 years with Vanguard.

jimcrawford01

Vanguard's Advantage Account has worked well for me for many years as my primary checking account. Flagship benefits MAY have been eroded over time, but as a simple investor and Boglehead, I don't care. I have seen a growing number of complaints on this Board re customer service. However, my experie...

jimcrawford01

2463.47

jimcrawford01

Flying from PWM (Portland, ME) on JetBlue through JFK (New York) to HAV (ICAO - MUHA) first week of DEC for 10 days.
Any one been there recently?
Looking for any travel tips you folks might offer.
TIA.
Jim

jimcrawford01

I feel your pain re the 5 yr clock for CONVERSION. PUB 590 confused me as well, however, I am now a believer of the para re QUALIFIED Withdrawals. I have 3 Roth accounts at Vanguard. Roth 1 Opened with big CONVERSION in 2010. (Sure glad I did that! Great time to CONVERT). Roth 2 Opened in 2011 with ...

jimcrawford01

Not an expert here but just did QCD for first time after turning 70 1/2 in JUL 2018 and RMD due NLT end of 2018. Learned a lot. 1. Ensure that you are OVER 70 1/2 to the DAY for the QCD. 2. Take QCD FIRST, prior to RMD. Easy to do. Call Vanguard (easy to do online, if desired) and they can mail a ch...

jimcrawford01

OP here. Thanks for the replies and info. The language used in Pub 590 B can be confusing. No surprise there. It even uses the term " converted contribution ". Just when you think you have it figured out, something new is thrown out there. IF I accept the definition of "QUALIFIED DIST...

jimcrawford01

I would like to clarify this rule. Assuming over Age 59 1/2, it has been stated here, in many threads, that as long as your 1st Roth met the 5 yr rule, all Roth distributions are tax and penalty free. I do not believe that to be the case regarding CONVERSIONS. I have read Pub 590 B (2017). pp 30 see...

jimcrawford01

Beware AutoStar. The experience with AutoStar was so bad that I drove the car OR to ME this summer.

jimcrawford01

I will add my best wishes for the man who changed my life (for the better, much, much better)

Few can say that they have had such a profound effect on others!

I thank you, sir.

Jim

jimcrawford01

When Fido calls, I ask them about Jeff Vinik and the Magellan Fund. The response is typically, "but we didn't do anything illegal." Perhaps, but it still cost $10 million to settle the class action lawsuit. Not likely that Abigail or Ned reached into their own pockets to pay that. Mr Bogle...

jimcrawford01

Thanks for the responses.

jimcrawford01

I moved from NH to OR in 2017. I sold NH residence in JUL17 and closed on OR residence in AUG. I assumed that since I was a NH resident for a majority of the year, I would file only in NH for 2017. After researching the documents for both states, it appears that both states require me to file. I am ...

jimcrawford01

I recall a few years ago, much confusion over the TT offer from Vanguard. The free offer did not include Sched D, something that Vanguard folks are likely to need. You had to upgrade to the Deluxe version to get Sched D. Worse, this was poorly explained, by both TT and V. I learned to dislike TT and...

jimcrawford01

I downloaded it the day it became available on my 5s and everything works great.... Hmmm... I had read that iOS11 would no longer support any Phone 5, period. I have an iPhone 5c and I have concerns. What is the understanding of other folks here? It will only work on the 5s not the 5 or 5c. It won'...

jimcrawford01

harrington wrote: ↑Sat Sep 23, 2017 2:15 pm I downloaded it the day it became available on my 5s and everything works great....

Hmmm...
I had read that iOS11 would no longer support any Phone 5, period.
I have an iPhone 5c and I have concerns.
What is the understanding of other folks here?

jimcrawford01

I live in Madras, OR and got to fly my small General Aviation airplane through the whole Eclipse. Priceless! The traffic inbound to Madras was not as bad as predicted, but then, the predictions were dire. The traffic outbound, post Eclipse, was OK Northbound, but Southbound was a parking lot. If you...

jimcrawford01

I was considering this bonus offer. I went to a Fido Store and spoke with an advisor there to ask my questions. One that I asked that has not been addressed in this thread: Is the bonus delivered as interest or some other thing which will generate a 1099 and will be taxable for Tax Year 2017? The an...

jimcrawford01

Taxslayer sounds similar to the free FreeTaxUSA program that I use and can recommend. I partially recharacterized in FEB 2017, a 2016 Roth Conversion (Tira to ROTH). When I hit a roadblock (my lack of understanding and knowledge), FreeTaxUSA Customer Support stated that they did not support written ...

jimcrawford01

Thank you all for your replies. My Amica Car Policy covers only US & Canada plus PR & Possessions. Collision Damage is mostly covered by Credit Card. My Amica Umbrella Policy covers the same WORLDWIDE (except auto)! Accident Liability for personal injury is covered for everybody by the NZ Ac...

jimcrawford01

I have reserved a car rental in New Zealand for next month.
My car insurance with Amica will not cover me outside the US, Canada.
The insurance offered by Enterprise is a rip off.
What do other folks do for liability and auto coverage?
Thanks

jimcrawford01

I am uncertain that I can complete my taxes prior to APR for Tax year 2016. If I file for an extension and subsequently succeed in being able to file normally, can I go ahead and file normally, even though I filed for the extension? Also, I paid estimated tax in the amount of 2015 tax for the safe h...

jimcrawford01

The man just keeps on ticking.

He certainly has justified why he deserved a second chance!

Good for you, Mr Bogle.

jimcrawford01

Alan S

Thanks for the info.

Just to be clear:

You are saying that we can take just a partial RMD in the year we turn 70 1/2?

Then, the next year make up for the partial plus a full RMD for that following year?

I was not aware that we could make a partial.

Jim

jimcrawford01

Highly Recommend

"Getting to Yes Negotiating Agreement Without Giving In"

by Roger Fisher & William Ury

Cheap if in paperback.

Jim

jimcrawford01

2260.38

jimcrawford01

Where on the Form 1040 is the penalty for underpayment exacted? Is there an additional Form that you must do and input somewhere on the Form 040? BTW, great idea from a previous poster : if in doubt, pay 110% of last year's tax by 15JAN17. Is Direct Pay and EFPTS the same program? Sorry, didn't mean...

jimcrawford01

Used it for 2 years now with no problems.

Very user friendly and CHAT function is reliable and helpful!

jimcrawford01

I am a believer in the health value of Omega-3. I much prefer to get the Omega-3 from a plant source such as Flaxseed. I wish to avoid the fish issues. So, I simply take a daily supplement.

jimcrawford01

OP here. I have learned a lot from the responses here and research via the internet and visits to RV and truck shops, as well as conversations with current users. The Truck will be one of the following, in no particular order: Ford F-250 HD Chevy Silverado 2500 SD Dodge Ram 2500 SD I know I MIGHT be...

jimcrawford01

Thanks to all for the responses. You have convinced me of the virtues of a "test drive" prior to purchase. I have the TRUCK figured out. Next is the TRAILER decision. I was not aware of the rental possibilities. It turns out that there are many. In fact, you can rent a Trailer on site at s...

jimcrawford01

First time buyer with no experience with RV travel.
They seem to come in all sizes but around 29-30 ft looks about right for me.
Used or New? One Manufacturer stand out?
Which truck to buy? Same questions.
Experience counts. Any help would be appreciated.
Jim

jimcrawford01

Is it just a fad that we will look back on in x years and question? I doubt that many BHs invest via fads. I view Mr Bogle as the only honest person on Wall St. His philosophy makes sense and has withstood the test of time, especially when compared to alternatives. His honesty has allowed myself an...

jimcrawford01

2025.54

jimcrawford01

Nice Trip.
Nice Blog.
I read EVERY word and looked at EVERY picture.
Thanks for the report. I really enjoyed it.
Jim

jimcrawford01

For tax year 2014 I filed and had a $3500 refund (as a result of Est Tax paid) and received the refund. Then, I filed an amended return that had me owing $8500. So, I wish to calculate the quarterly Est Tax I should pay for tax year 2015 to reach the safe haven of 100% of the previous year. $3500 + ...

jimcrawford01

You've got it right. Capital assets receive a stepped up basis, but ordinary income assets still retain their ordinary income characteristics and remain taxable following death. The mistake may have been to pull all the incoome out at one time. Gill Thanks for the response. Trusts, Annuities, Life ...

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