Search found 871 matches

by cadreamer2015
Tue Oct 22, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Multiple fraudulent charges from Stamps.com
Replies: 5
Views: 476

Re: Multiple fraudulent charges from Stamps.com

I have no relationship or account with Stamps.com. I've notified Citibank.

Edited to add:

I've called Stamps.com. They confirmed that this was an account opened by someone else in a different state. They've flagged it as fraudulent. Hope this helps......
by cadreamer2015
Tue Oct 22, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Multiple fraudulent charges from Stamps.com
Replies: 5
Views: 476

Multiple fraudulent charges from Stamps.com

Just a FYI to keep an eye out for this. I recently noticed 3 identical fraudulent charges for $10 each on my Citibank MasterCard. These were 3 identical charges on the same day in late September. I disputed the charges and Citibank sent me a new card with a new number by FedEx. I just got a fraud wa...
by cadreamer2015
Wed Oct 16, 2019 11:11 am
Forum: Personal Consumer Issues
Topic: car battery change or not? 2 year old battery
Replies: 77
Views: 3980

Re: car battery change or not? 2 year old battery

I’d keep your battery until it fails. I’d also consider going to another service shop.
by cadreamer2015
Wed Oct 16, 2019 8:50 am
Forum: Personal Investments
Topic: Mechanics of Roth conversion at Vanguard
Replies: 11
Views: 998

Mechanics of Roth conversion at Vanguard

We will be doing our first Roth conversion this year and I'd like to make sure I understand the mechanics correctly. I've read the wiki, but still have a few questions. All of our IRAs are at Vanguard. There are no non-deductible contributions in the IRAs. We are over 60 and we have existing Roth IR...
by cadreamer2015
Thu Oct 10, 2019 7:24 am
Forum: Personal Investments
Topic: Question for Landlords re 199a as business
Replies: 6
Views: 534

Re: Question for Landlords re 199a as business

If it were me I would consider this 1 business (real estate rental). But I am not the IRS.
by cadreamer2015
Wed Oct 09, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 8797

Re: Do you carry your passport with you during international travel?

Some countries (Spain for one) require everyone to carry a national ID, and a U.S. state driver's license doesn't count. So probably good practice to always have your passport with you unless you know for sure it is not required.
by cadreamer2015
Wed Oct 09, 2019 10:08 am
Forum: Personal Consumer Issues
Topic: Solar without tax benefits?
Replies: 6
Views: 533

Re: Solar without tax benefits?

It all depends. What is your price for electricity? How many kWh of electricity do you use per year? How much sun hits your roof (influenced by potential shade trees, roof orientation, climate, latitude)? Do you have an electric car or will you be purchasing one? How long do you plan to stay in your...
by cadreamer2015
Wed Oct 09, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Finance or Accounting Degree?
Replies: 81
Views: 5279

Re: Finance or Accounting Degree?

Another possibility for those with a strong interest and talent in mathematics is actuarial science.
by cadreamer2015
Mon Oct 07, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Tax on selling home in California
Replies: 15
Views: 1850

Re: Tax on selling home in California

Yes I am the trustee and his house was put into a irrevocable trust.
Do you know if the house was put into an irrevocable trust while your brother was alive, or was it a revocable trust that became irrevocable upon his death? It might make a difference, but IANAL.
by cadreamer2015
Mon Oct 07, 2019 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Tax on selling home in California
Replies: 15
Views: 1850

Re: Tax on selling home in California

I think there are still some confusions here: Your brother does not owe any capital gains tax on the sale of his former house. Only if he sold the house before he passed away could he (or his estate) owe taxes on any capital gains. If your brother did not sell his house before he died, then the disp...
by cadreamer2015
Sun Oct 06, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on selling home in California
Replies: 15
Views: 1850

Re: Tax on selling home in California

Sorry for your loss. Your brother doesn’t have any capital gain unless he sold the house while he was still alive. If the house is sold after he passed away, the heir (the person who inherited the house) might have a capital gain to the extent that the net sales proceeds exceed the basis. My underst...
by cadreamer2015
Thu Oct 03, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 3509

Re: Retirees: How do you handle quarterly tax payments?

I use TurboTax to make an estimate of my tax liability for the current year. I schedule quarterly payments with EFTPS. Just need to make sure there is enough money in our checking account on payment date. I do the same thing for California state taxes with the Franchise Tax Board's on-line payment s...
by cadreamer2015
Wed Oct 02, 2019 9:20 am
Forum: Investing - Theory, News & General
Topic: If you use Vanguard (Brokerage), why do you stay?
Replies: 58
Views: 6379

Re: If you use Vanguard (Brokerage), why do you stay?

We have essentially all our assets with Vanguard. I see no reason to switch. Of course we rarely trade.
by cadreamer2015
Wed Oct 02, 2019 4:43 am
Forum: Personal Investments
Topic: Trust Asset Conversion to ETF/MF's - New Member Dilemma.
Replies: 7
Views: 586

Re: Trust Asset Conversion to ETF/MF's - New Member Dilemma.

Full disclosure: I am trustee of a couple of trusts for family members, but I am not a professional trust officer. Some thoughts: Are you pretty familiar with the tax situation of the beneficiary? It's not clear to me that a mix of total bond and muni bonds is optimal. Either total bond or muni bond...
by cadreamer2015
Fri Sep 27, 2019 10:03 am
Forum: Personal Consumer Issues
Topic: Where to live in NYC?[Updated with more details]
Replies: 17
Views: 1637

Re: Where to live in NYC?

Where will your work be located? East side, West side, Midtown, Downtown? This makes an important difference in commute times. If your work location is Midtown near Penn Station, then NJ or Long Island might be attractive, for example. You might not live in New York City at all, depending on your pr...
by cadreamer2015
Tue Sep 24, 2019 7:23 am
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4338

Re: Elite liberal art colleges or bigger selective universities?

Full disclosure: all 3 of our kids went to top 10 LACs. None studied premed. But you can see how we answered this question. Elite (or perhaps a less value laden adjective like highly selective) colleges and universities are not a typical Boglehead choice. With low student to faculty ratios these are...
by cadreamer2015
Fri Sep 20, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Sold my S Corp Business - Should I File Unemployment?
Replies: 9
Views: 899

Re: Sold my S Corp Business - Should I File Unemployment?

Was the S corp paying unemployment taxes? If so, and if the layoff was done by the new business owners and OP is actively looking for work, then it seems to me that they might be eligible. Your local unemployment office can most probably provide more accurate answers than this board.
by cadreamer2015
Mon Sep 16, 2019 3:45 pm
Forum: Personal Investments
Topic: solo 401(k)
Replies: 5
Views: 432

Re: solo 401(k)

I use Vanguard for my i401k. No problems. Easy to contribute. I like the fact that I can do a Roth i401k. I didn't need the rollover capability.
by cadreamer2015
Sat Sep 14, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: 3rd Quarter Federal Estimate Early
Replies: 8
Views: 501

Re: 3rd Quarter Federal Estimate Early

I schedule my own EFTPS payments and selected 9/13 as the payment date. Sure enough, my checking account on-line shows a payment to the IRS yesterday, 9/13. I suggest that possibly TaxAct or you selected 9/13 as the payment date when setting up the automated payment. I get an email from EFTPS a coup...
by cadreamer2015
Sat Sep 14, 2019 6:33 am
Forum: Investing - Theory, News & General
Topic: "Retirement Risk Solutions"
Replies: 34
Views: 2295

Re: "Retirement Risk Solutions"

I found it interesting that several times in the linked document they refer to 4 - 4.5% as being the sustainable withdrawal rate for a 30 year retirement. I see the document is dated 2014; I wonder if the American College’s view on SWR has changed since publication, since there has been a lot of dis...
by cadreamer2015
Thu Sep 12, 2019 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: self employment tax question
Replies: 14
Views: 764

Re: self employment tax question

I have used TurboTax for several years with my self employment income and I think it handles it quite well. Of course I understand the basics of self employment income taxation and even the new QBI deduction, so I can follow what TurboTax is doing. I see no reason to go to a paid tax preparer but YM...
by cadreamer2015
Mon Sep 09, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Equifax breach settlement update?
Replies: 49
Views: 4249

Equifax breach settlement update?

I just got an email purporting from the Equifax breach settlement folks, asking me to confirm that I do have credit monitoring in place as I said in my initial claim for $125. Does anyone know if this email is indeed legitimate? I am always wary about clicking on embedded links in emails I get as th...
by cadreamer2015
Sun Sep 08, 2019 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Stand alone personal umbrella
Replies: 7
Views: 1034

Re: Stand alone personal umbrella

Since we do not have all our home and auto insurance with USAA (which has most of our coverage), USAA will not write an umbrella policy for us. Their insurance brokerage, however, did get us an umbrella policy with RLI. If you purchase your insurance through a broker, ask the broker if RLI or anothe...
by cadreamer2015
Sun Sep 08, 2019 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Surviving Parent Remarrying - What To Do?
Replies: 40
Views: 5317

Re: Surviving Parent Remarrying - What To Do?

IANAL, but as a California resident have some exposure to Family Trusts as commonly used in California these days. My understanding is that the Family Trust is not an AB Trust and that the Trust survives as a revocable trust after the death of one spouse.
by cadreamer2015
Wed Sep 04, 2019 6:05 am
Forum: Personal Consumer Issues
Topic: Do I need a business license? (California)
Replies: 11
Views: 864

Re: Do I need a business license? (California)

If I may ask - do you use a business name other than your own name for the business license? Trying to figure out if the name matters to large corporations... I was going to just use my full name as the name of the business so that any checks (or direct deposits) are easy to handle. I just use my f...
by cadreamer2015
Tue Sep 03, 2019 6:44 pm
Forum: Personal Consumer Issues
Topic: Do I need a business license? (California)
Replies: 11
Views: 864

Re: Do I need a business license? (California)

I work in California as a consultant for a large corporation. I operate as a sole proprietor. I pay for a business license from my city; it used to be about $50 per year but now will be about $75 based on my revenue. Cost of doing business. At least it’s deductible against my business income.
by cadreamer2015
Mon Sep 02, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: LLC question
Replies: 6
Views: 404

Re: LLC question

IIRC one person LLCs are disregarded entities for tax purposes. Everything goes on Schedule C for sole proprietorship income. So I don’t think you necessarily have to have a business credit card to pay for your course. There are rules about deducting start up expenses for a business in the year befo...
by cadreamer2015
Mon Sep 02, 2019 8:05 am
Forum: Personal Consumer Issues
Topic: Best college towns in the Southeastern US for retirees?
Replies: 80
Views: 8685

Re: Best college towns in the Southeastern US for retirees?

I've never been there but I hear good things about Asheville, NC. There's a campus of UNC there.
by cadreamer2015
Fri Aug 30, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3179

Re: Minimum to keep in checking account?

I used to say $1,000 was my minimum balance but these days I've bumped it up to $2,000. YMMV
by cadreamer2015
Wed Aug 28, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Can an employee join back as a Consultant?
Replies: 14
Views: 1108

Re: Can an employee join back as a Consultant?

4 years ago I left my former employer with last day as an employee on October 15 and started working for them as a consultant on the 16th. This was a small privately held company. I’m still working as a consultant for the successor company today. So AFAIK there is no IRS rule preventing this, only a...
by cadreamer2015
Tue Aug 27, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee questions
Replies: 25
Views: 1747

Re: Trustee questions

I like the reference to gifts to miners [sic] on page 11.
by cadreamer2015
Mon Aug 26, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: [Please Review] Retirement Expenses in California and safe withdrawl rate of 3.5%
Replies: 25
Views: 2038

Re: [Please Review] Retirement Expenses in California and safe withdrawl rate of 3.5%

I like the simple budget worksheet and have used it to do our retirement spending budget. We also live in California, but in the coastal San Diego area so no significant use of A/C and relatively little gas for heating in the winter. Here are our budget line items compared with yours: Monthly Costs ...
by cadreamer2015
Fri Aug 23, 2019 5:48 am
Forum: Personal Consumer Issues
Topic: Getting Rental Security Deposit Back with On Time Rent Payments
Replies: 10
Views: 686

Re: Getting Rental Security Deposit Back with On Time Rent Payments

Not saying it’s never been done, but as a landlord I would never make a partial refund of the security deposit before the tenant moved out. One month’s rent is potentially very inadequate for repairing damage a tenant might do, and suing a former tenant for damages is not likely to be satisfactory f...
by cadreamer2015
Fri Aug 23, 2019 5:39 am
Forum: Personal Investments
Topic: Question on withdrawing/investing before/in recession
Replies: 15
Views: 1799

Re: Question on withdrawing/investing before/in recession

Refinancing the mortgage might be difficult without employment income. One important first step is to understand your expenses. I agree that in your situation having perhaps a year’s worth of expenses in a cash emergency fund would be a good idea. It will also be prudent to calculate your necessary ...
by cadreamer2015
Fri Aug 16, 2019 9:29 am
Forum: Personal Investments
Topic: Plan for my mom
Replies: 30
Views: 2364

Re: Plan for my mom

Your mom will very likely need financial help sooner or later, or she will have to cut her living expenses. Should could annuitize her $55,000, but that would produce only about $375 per month per immediateannuities.com, which is a shortfall from her current spending versus other income, and would l...
by cadreamer2015
Tue Aug 13, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: Portable gas tank
Replies: 7
Views: 607

Re: Portable gas tank

I picked up a 5 gallon gasoline container at WalMart yesterday. Not Gott brand but seems OK. They also had 2 smaller sizes on the shelf.
by cadreamer2015
Fri Aug 09, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2447

Re: Mortgage for Retirees

As mentioned in other threads, we got an asset depletion mortgage from Bank of America in October, 2016. After moving $500,000 to Merrill Edge temporarily we got a 30 year fixed at 3.25%. Also got a $1,200 bonus in the Merrill Edge account after 9 months. Then moved it all back to Vanguard.
by cadreamer2015
Fri Aug 09, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2447

Re: Mortgage for seniors

It is slightly more difficult than for someone who has adequate W2 income, but not really difficult in the scheme of things. You can talk to a mortgage broker or any number of banks.
by cadreamer2015
Fri Aug 09, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2447

Re: Mortgage for Retirees

I got an asset depletion mortgage from Bank of America. Just had to show enough assets in retirement accounts - did not have to be withdrawing anything from the retirement accounts. Not all financial institutions do asset depletion mortgages - my local credit union did not. Try a mortgage broker or ...
by cadreamer2015
Thu Aug 01, 2019 4:56 am
Forum: Personal Finance (Not Investing)
Topic: How do you decide what car to buy for your kid
Replies: 91
Views: 4109

Re: How do you decide what car to buy for your kid

We didn't buy a car for any of our 3 kids. They eventually bought a car with their own money after graduating. They each went away to college that was anywhere from 100 to 2500 miles away from home. They didn't need a car at college. For the one who was 100 miles away, we picked him up and dropped h...
by cadreamer2015
Wed Jul 31, 2019 10:17 am
Forum: Personal Investments
Topic: Passing assets to our children
Replies: 9
Views: 740

Re: Passing assets to our children

One thing to consider is that it is beneficial to inherit appreciated securities (as opposed to receiving them as a gift during an individual's lifetime) because there will be a step-up in basis to the beneficiary, lowering the tax obligation if/when they are sold. This is also true of real propert...
by cadreamer2015
Wed Jul 31, 2019 7:39 am
Forum: Personal Consumer Issues
Topic: Southern California Family Vacation Recommendations
Replies: 11
Views: 900

Re: Southern California Family Vacation Recommendations

To get into the desert, Joshua Tree NP is about 2-3hrs outside LA as well
This is true, but I'd avoid the desert in the summer, especially with little kids.
by cadreamer2015
Sat Jul 27, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Estmated Tax in year of retirement
Replies: 21
Views: 1696

Re: Estmated Tax in year of retirement

Well you learn something new every day, especially on Bogleheads. I wonder how the IRS determines that your underpayment was due to reasonable cause and not willful neglect?
by cadreamer2015
Fri Jul 26, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Estmated Tax in year of retirement
Replies: 21
Views: 1696

Re: Estmated Tax in year of retirement

I know of no IRS regulation that exempts you from an underwithholding penalty in the first year of retirement. If I were you I would make sure I qualified for one of the safe-harbor exemptions from the penalty.
by cadreamer2015
Fri Jul 26, 2019 5:48 am
Forum: Personal Finance (Not Investing)
Topic: How do you move past old financial mistakes?
Replies: 57
Views: 5000

Re: How do you move past old financial mistakes?

I have a very similar experience. I lost my job in the Los Angeles area in 1994 and we moved out of state so that I could take a new job. We sold our house finally in 1995 after 6 months on the market for not much more than we had invested in the house. Over the next few years the house increased in...
by cadreamer2015
Thu Jul 25, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Do I include taxes when calculating a retirement number?
Replies: 63
Views: 5276

Re: Do I include taxes when calculating a retirement number?

As mentioned earlier, expenses are a much better measure than income on which to base retirement plans. If your expenses are $50,000 per year and your income is $100,000 per year it is a very different matter than if your expenses are $95,000 per year and your income is $100,000 per year. I think th...
by cadreamer2015
Thu Jul 25, 2019 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Handling Emergency to Emergency Fund
Replies: 54
Views: 4017

Re: Handling Emergency to Emergency Fund

Sounds like you may have a high deductible health insurance plan, and that these extra medical expenses not covered by your plan are what depleted your emergency fund. My budget always assumes I spend the deductible, whatever it is. Then at the end of the year if I haven't done so, I have a bonus th...
by cadreamer2015
Tue Jul 23, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Alternatives to named non-owner auto, or umbrella?
Replies: 4
Views: 368

Re: Alternatives to named non-owner auto, or umbrella?

I haven’t checked recently, but I doubt that car rental “insurance” purchased through the car rental company would provide the liability limits and protection that I would want - at least $300,000 or whatever was required by my umbrella policy or $1,000,000 if I don’t have an umbrella policy. Plus t...
by cadreamer2015
Mon Jul 22, 2019 6:25 am
Forum: Personal Consumer Issues
Topic: Solar Panel worth it 2019? SoCal region
Replies: 31
Views: 3353

Re: Solar Panel worth it 2019? SoCal region

I think the NEM policies are set by the California PUC rather than by the individual utilities like SCE. Here's a link to the CA PUC website that explains the current NEM program: https://www.cpuc.ca.gov/General.aspx?id=3800 It says that homeowners who installed systems before the switch to the new ...
by cadreamer2015
Sun Jul 21, 2019 3:22 pm
Forum: Personal Consumer Issues
Topic: Solar Panel worth it 2019? SoCal region
Replies: 31
Views: 3353

Re: Solar Panel worth it 2019? SoCal region

We had a solar system put on our roof in SDG&E territory in March. Turned on April 1. Our bills were lower than yours. Our annual usage was about 4200 kWh. We ended up with a cost (before rebate) of $3.25 per watt. With SunPower modules (but 327 w not 360 w) and a SolarEdge string inverter with opti...