Search found 6610 matches

by Sidney
Sat May 18, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Debt: Student loan or cabin
Replies: 27
Views: 1885

Re: Debt: Student loan or cabin

student loan. It has higher rate.
by Sidney
Wed May 15, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Bank called my business manager
Replies: 49
Views: 5300

Re: Bank called my business manager

Banks are increasingly under scrutiny regarding money laundering. This is normal.
by Sidney
Thu May 09, 2019 4:39 pm
Forum: Personal Consumer Issues
Topic: Best practices - Car radio/CD player replacement
Replies: 13
Views: 778

Re: Best practices - Car radio/CD player replacement

If it is only the CD mechanism and there is an AUX input jack, I'd consider just using a smartphone and a service like Spotify. My CD mechanism got jammed so that is what I do now. I can download as much as I need to my phone. Frankly, I was getting tired of my CDs anyway.
by Sidney
Wed May 01, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Hiring a contractor to cut down some trees....what should I be aware of?
Replies: 89
Views: 5007

Re: Hiring a contractor to cut down some trees....what should I be aware of?

Yes, you should check to see if you city/town requires any permit to remove trees. Good point. We have to get approval for basically anything bigger than your little finger. That includes dead trees as well unless the dead tree is deemed by a certified tree service as likely to cause imminent prope...
by Sidney
Mon Apr 29, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income for 9 year old
Replies: 52
Views: 3045

Re: Earned income for 9 year old

If I am paying an adult to look after my dog, I don't expect that adult to sub-contract to anyone - much less a 9 year old.
by Sidney
Mon Apr 29, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Is brokerage withholding treated as tax paid throughout the year, just like wage withholding?
Replies: 17
Views: 796

Re: Is brokerage withholding treated as tax paid throughout the year, just like wage withholding?

Would this strategy fly? Late December, do a distribution from an IRA that matches one's tax liability and specify 100% withholding. In January, use money in taxable to do an indirect rollover to another IRA account to put the funds back into an IRA. Thus the distribution would not generate any taxa...
by Sidney
Wed Apr 24, 2019 7:43 am
Forum: Personal Consumer Issues
Topic: Which WAP to replace Airport Extreme - please no mesh recommendations
Replies: 116
Views: 5029

Re: Which WAP to replace Airport Extreme - please no mesh recommendations

I got some Ethernet extension cables yesterday (the cables are in conduit, a bit short, and not easy to replace). I will try some configurations later. My current configuration has NAT coming from the Fios router and every Airport set to Bridge mode, with Sunroom and Office wired to the back of Dow...
by Sidney
Tue Apr 23, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: Marcus-13 month no penalty CD
Replies: 6
Views: 847

Re: Marcus-13 month no penalty CD

They may have data that shows that people who put money in CDs are less likely to withdraw than savings accounts.
by Sidney
Wed Apr 17, 2019 10:15 am
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9991

Re: seriously thinking about leaving S. CA but where to?

I am retired so I can move anywhere in the country. I have spent countless hours searching for a place to live. Originally , I was searching for a state free of taxes. But it doesn't matter anymore. I just want to leave CA but not sure where. Any suggestions based on the criteria Criteria: 1/ Good ...
by Sidney
Sun Feb 24, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Must foreign tax credit be applied before child tax credit?
Replies: 5
Views: 505

Re: Must foreign tax credit be applied before child tax credit?

according to the IRS 21.6.3.4.1 (10-01-2018) Nonrefundable Credits Procedures Nonrefundable credits are applied in the order that they appear in this section, unless stated otherwise in the specific credit section, form instructions, or publication: Form 1116, Foreign Tax Credit (Individual, Estate ...
by Sidney
Mon Feb 18, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: State Refund - reporting on 1040
Replies: 12
Views: 867

Re: State Refund - reporting on 1040

Yes, I understand the math but it seems to contradict the principle of no-benefit/no-tax which is stated in more than one IRS document. That statement is apparently not correct. You can have no benefit and still pay taxes on the refund.
by Sidney
Mon Feb 18, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: State Refund - reporting on 1040
Replies: 12
Views: 867

Re: State Refund - reporting on 1040

ofckrupke wrote:
Mon Feb 18, 2019 5:37 pm
It may be true that no (federal tax) benefit was derived, but you haven’t established this in the topic.
Had I paid $750 less with the extension, there would have been no refund. Doing so would have had no impact on my 2017 Federal taxes.
by Sidney
Mon Feb 18, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: State Refund - reporting on 1040
Replies: 12
Views: 867

Re: State Refund - reporting on 1040

IRS Publication 525 page 22 under "Recovery for 2 or more years" shows how to handle this. Essentially, the $750 refund is considered to come evenly from the entire $14000 in payments. $643 (86%) from payments made in 2017 and $107 (14%) from the extension payment made in 2018. If you itemized in 2...
by Sidney
Mon Feb 18, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: State Refund - reporting on 1040
Replies: 12
Views: 867

Re: State Refund - reporting on 1040

It depends. What State and Local Taxes (SALT), if any, are you reporting on your 2018 taxes? Since the $750 wasn't paid in 2017 and thus didn't affect your 2017 taxes, then you don't have to report based on that factor. Also... If you don't itemize, then no, you don't have to report this refund as ...
by Sidney
Mon Feb 18, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: State Refund - reporting on 1040
Replies: 12
Views: 867

State Refund - reporting on 1040

Here is a rounded example similar to mine. Combined estimated state tax payments and withholding remitted in 2017: $12,000 Payment for 2017 remitted with Extension filed 4/15/18: $2,000 State return filed in October. Refund of $750. Is it correct to conclude that because I could have filed an extens...
by Sidney
Wed Feb 06, 2019 1:37 pm
Forum: Personal Investments
Topic: Roth IRA tax question.
Replies: 19
Views: 835

Re: Roth IRA tax question.

The IRS publications are very difficult to understand. https://www.irs.gov/publications/p590b Is it true that any and all Roth IRA distributions, from a 5 year or older Roth, taken after age 59 1/2 are tax free? This is my understanding. Contributions were taxed at entry, so should not be taxed at ...
by Sidney
Sat Feb 02, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 163
Views: 10215

Re: Were you 100% debt free at retirement

I've been debt free for my entire life except for a brief time when they loaned me money to pay for college tuition. My parents grew up in the depression-era and were extremely anti-debt.
by Sidney
Sat Feb 02, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Interest Deductibility on Vacation home in LLC
Replies: 4
Views: 379

Re: Interest Deductibility on Vacation home in LLC

As best I can recall, in recent years it has never been possible to deduct mortgage interest on a second home (that is for personal use, not a rental) nor is it possible to do it under the new law. The use of a LLC would not change that. Hopefully one of the tax "experts" here will chime in as well...
by Sidney
Sat Feb 02, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Interest Deductibility on Vacation home in LLC
Replies: 4
Views: 379

Re: Interest Deductibility on Vacation home in LLC

As best I can recall, in recent years it has never been possible to deduct mortgage interest on a second home (that is for personal use, not a rental) nor is it possible to do it under the new law. The use of a LLC would not change that.

Hopefully one of the tax "experts" here will chime in as well.
by Sidney
Tue Jan 29, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Can you put interest income in a SEP IRA?
Replies: 3
Views: 167

Re: Can you put interest income in a SEP IRA?

I can't find any information on what qualifies to be put in a SEP IRA account. Last year I opened several checking accounts to get the sign-up bonuses. This income is reported on a 1099-INT. Can I contribute the money (up to the contribution maximum, 20% of self-employment earnings) into a SEP IRA?...
by Sidney
Mon Jan 28, 2019 11:18 pm
Forum: Personal Consumer Issues
Topic: Need help with computer crash!
Replies: 90
Views: 4179

Re: Need help with computer crash!

I had a noisy "crash" a couple of computers ago. The screen went blank. It turned out that it was the video card. The fan died noisily ( a loud screech) and then the video card overheated and died. I replace the video card and it started up normally. I don't know if they still have fans on video car...
by Sidney
Mon Jan 28, 2019 11:14 pm
Forum: Investing - Theory, News & General
Topic: Why do companies rarely issue new stock?
Replies: 45
Views: 2929

Re: Why do companies rarely issue new stock?

Debt has been extremely cheap for quite a while so it is a cost effective way to raise capital.
by Sidney
Thu Jan 24, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Gift
Replies: 26
Views: 1465

Re: Cash Gift

My wife and I are being gifted a large amount of cash (over $150K) to purchase a home by an older relative and are worried how this will be looked upon by the IRS and the government. This relative is not very trusting of banks and therefore stored a lot money in Cash. Can anyone tell me how this wi...
by Sidney
Mon Jan 21, 2019 2:57 pm
Forum: Personal Consumer Issues
Topic: Android App for ICE meds, emergency contacts, etc.
Replies: 5
Views: 402

Re: Android App for ICE meds, emergency contacts, etc.

TravelGeek wrote:
Sun Jan 20, 2019 11:19 am
Perhaps this helps?

https://support.google.com/nexus/answer/7055029?hl=en

I should probably do this myself. Added to Todoist ;)
Thanks; will have to rummage around. This references Android 9 and I am at 6. Could be that it is in another part of the settings.
by Sidney
Sun Jan 20, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: Android App for ICE meds, emergency contacts, etc.
Replies: 5
Views: 402

Re: Android App for ICE meds, emergency contacts, etc.

My Samsung S9 allows me to do this all without using a third party app. Three emergency contact numbers can be added along any medical info I want to provide like medical conditions, allergies, meds, blood type or other pertinent info. How would someone get this if you were incapable of unlocking y...
by Sidney
Sat Jan 12, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Should I Keep Financial Records of Deceased Relatives
Replies: 20
Views: 1477

Re: How Long Should I Keep Financial Records of Deceased Relatives

I keep the valuation reports as of the date of death for the securities transferred to the beneficiaries of the estate in case one of them needs information for stepped up basis. They received this when the transfers were made but these reports are small so not a big deal to retain in case they misp...
by Sidney
Fri Jan 04, 2019 3:04 pm
Forum: Personal Consumer Issues
Topic: Which iPhone: 8 or XR?
Replies: 45
Views: 3263

Re: Which iPhone: 8 or XR?

Given the big miss on volume, won't Apple be under pressure to bring prices down? If so, it would seem like it makes sense to wait a while on shopping for iPhones.
by Sidney
Sat Dec 29, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: Receiving shares in payment for a sell
Replies: 3
Views: 200

Re: Receiving shares in payment for a sell

Often the stock portions are structured to be not taxable for the shareholder. I'd suggest looking at the proxy statement that was issued about the transaction. Normally they spell it out.
by Sidney
Wed Dec 19, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: Pesticides for residence
Replies: 26
Views: 1740

Re: Pesticides for residence

Terro is good for ants. We use DE for some crawly things that hang around the foundation.
by Sidney
Mon Dec 03, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: Pixel 3 early adopters: any feedback?
Replies: 42
Views: 3469

Re: Pixel 3 early adopters: any feedback?

On a more serious note, this is the best way I've found of making sure the screen on my phone doesn't get scratched. Reserve a pocket for it. Put all the other crap in other available pockets. I used screen protectors until I realized they hadn't done anything for me a couple of years ago. Haven't ...
by Sidney
Sun Dec 02, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Pixel 3 early adopters: any feedback?
Replies: 42
Views: 3469

Pixel 3 early adopters: any feedback?

I'm interested in feedback from anyone who has been using the Google Pixel 3 (not the XL) since it came out.

Thanks in advance.

Sid
by Sidney
Mon Nov 05, 2018 11:18 pm
Forum: Personal Investments
Topic: 3.75% - 5-year CD
Replies: 13
Views: 3892

Re: 3.75% - 5-year CD

Very odd looking yield curve. Most of the yield is at 30 months. Not sure the second 30 months is worth the risk.
by Sidney
Fri Oct 05, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: A little blip - and the media goes crazy
Replies: 16
Views: 2381

Re: A little blip - and the media goes crazy

This was some news article that my iphone in it's infinite wisdom decided to show me in the first page. Didn't realize that Cramer is still at it with his Mad Money. Spouting the same 'knowledge' when I last watched his TV shows in 2007.. The key is to not let your phone dictate your source of info...
by Sidney
Wed Sep 26, 2018 7:26 am
Forum: Investing - Theory, News & General
Topic: Dividend "Seasonality" (VTIAX)
Replies: 6
Views: 934

Re: Dividend "Seasonality" (VTIAX)

Just a guess - some stocks may not pay dividends on a quarterly schedule.
by Sidney
Mon Sep 17, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another SS question - filing sequence
Replies: 3
Views: 521

Re: Yet another SS question - filing sequence

Do I need to do anything else with respect to delaying my benefit until 2023 except wait and file again for my own benefit then? I don't think you need to do anything. Your benefit would be delayed by the very fact that you have not filed for your benefit. Perhaps others will chime in on the other ...
by Sidney
Thu Aug 30, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: How do you store financial account information with your estate plan?
Replies: 51
Views: 3577

Re: How do you store financial account information with your estate plan?

I have a notebook in my desk with a lot of these details.

My siblings have the name, address and phone number of my attorney. The attorney keeps an updated list of all of our assets which I send him annually so he can decide if anything in the will is affected.
by Sidney
Thu Jul 26, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford it"?
Replies: 42
Views: 4245

Re: Yet another "can I afford it"?

If you buy the car, and your equity drops 50% in the next 12-18 months, will you still feel good about it?
by Sidney
Sat Jul 21, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable Family Foundation - Best way forward
Replies: 25
Views: 1963

Re: Charitable Family Foundation - Best way forward

I believe doing this will entail considerable work and expense. Why not just use a Donor Advised Fund for the accumulation of the money aspect - THEN seek out qualified charities that have the low overhead yu desire. Like a lot of life, there are trade-offs on DAFs vs. Foundations. Here is a good t...
by Sidney
Sat Jul 21, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card - Keep Getting Denied
Replies: 27
Views: 2286

Re: Credit Card - Keep Getting Denied

Has he applied for a card with his own bank?
by Sidney
Wed Jul 18, 2018 9:28 am
Forum: Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 8078

Re: How do you handle the urge to DO something?

Hmmm? I don't know. Will have to think about that.
by Sidney
Wed Jul 04, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 6151

Re: How to tip

Generally 20-25% on the total bill. 30-50% on very small checks (breakfast at the diner).
by Sidney
Wed Jul 04, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: yield curve inversion
Replies: 48
Views: 5399

Re: yield curve inversion

I have no idea whether an inverted curve has any predictive value but your OP mixes in "recession" and "the market." Which were you most concerned about?
by Sidney
Thu Jun 28, 2018 7:00 am
Forum: Investing - Theory, News & General
Topic: Financial Newspapers & Publications
Replies: 36
Views: 3246

Re: Financial Newspapers & Publications

02nz wrote:
Wed Jun 27, 2018 8:58 pm
The Financial Times, IMHO the best newspaper out there.
I agree; but I read it for news, not investing/financial information.
by Sidney
Mon Jun 25, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10846
Views: 1893045

Re: U.S. stocks in freefall

kaeltor wrote:
Mon Jun 25, 2018 1:30 pm
Kompass wrote:
Mon Jun 25, 2018 12:24 pm
When VTSAX hits a 20% discount (real bear for me) I'll jump in the buying pool. Until then I'll just enjoy being one of the folks in the peanut gallery with "too much" in ca$h.

:beer
Isn't that timing the market?
Not if it triggers a re-balance plan.
by Sidney
Sat Jun 23, 2018 5:23 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 13464

Re: When did you start flying business class?

I'm assuming two of the four are your children. Without knowing their age, I will relate a scenario I have seen before when I was flying biz for business. Two parents in business class with two children in coach. The kids were not extremely young - the parents explained that the kids didn't care one...
by Sidney
Sat Jun 23, 2018 10:35 am
Forum: Personal Investments
Topic: Fixing My Cost Basis [on inherited stocks]
Replies: 13
Views: 1002

Re: Fixing My Cost Basis [on inherited stocks]

My Fidelity statement is reporting the incorrect cost basis currently. If I sell these stocks, won’t Fidelity send me and the IRS 1099s with the wrong cost basis? I am concerned that if I just override the cost basis with correct lower amounts in my tax return, that I will have a problem with the I...
by Sidney
Sat Jun 23, 2018 9:37 am
Forum: Personal Investments
Topic: What am I overlooking?
Replies: 16
Views: 1559

Re: What am I overlooking?

If your pension does not have COLA then you need to understand the impact inflation is going to have on the value of that benefit.
by Sidney
Tue Jun 12, 2018 6:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard -Data Concerns
Replies: 29
Views: 2551

Re: Vanguard -Data Concerns

It may well be that Vanguard is not the place for your investments. It is my impression that posters on this forum who tend to be more active traders don't use Vanguard much. Many of the ones who are predominantly VG platform users tend to be passive investors. I think this shows up in reactions to ...
by Sidney
Thu May 31, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: Vanguard from a consumer standpoint. Question [as a personal investor]
Replies: 16
Views: 1659

Re: Vanguard from a consumer standpoint. Question

Are you pulling the funds using Vanguard or pushing from your external source (presumably a bank)? I think it matters based on some prior posts I've seen.