Search found 169 matches

by capran
Sun Aug 30, 2020 10:59 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]
Replies: 178
Views: 19806

Re: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]

I have three Vanguard brokerage accounts and only the Federal MMF is linked, in each account, to my bank--not the stock or bond funds. Did some checking with my CU. They suggested a wire transfer from Vanguard for large amounts, but noted they only allow 10k and under of on line out-going transfers...
by capran
Sat Aug 29, 2020 6:38 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]
Replies: 178
Views: 19806

Re: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]

<snip> we do have the ability to transfer money to our credit union via electronic process. When we are required to be switched from Prime to the new Admiral Share, will we lose that feature? <snip> No, you will not lose your EFT/ACH capability. External banks (or credit unions) are linked to one o...
by capran
Sat Aug 29, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]
Replies: 178
Views: 19806

Re: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]

<snip> we do have the ability to transfer money to our credit union via electronic process. When we are required to be switched from Prime to the new Admiral Share, will we lose that feature? <snip> No, you will not lose your EFT/ACH capability. External banks (or credit unions) are linked to one o...
by capran
Fri Aug 28, 2020 11:59 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]
Replies: 178
Views: 19806

Re: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]

<snip> we do have the ability to transfer money to our credit union via electronic process. When we are required to be switched from Prime to the new Admiral Share, will we lose that feature? <snip> No, you will not lose your EFT/ACH capability. External banks (or credit unions) are linked to one o...
by capran
Fri Aug 28, 2020 11:06 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]
Replies: 178
Views: 19806

Re: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]

After reading through the entire thread I did not see anyone with my question. We don't use check writing in our prime account but we do have the ability to transfer money to our credit union via electronic process. When we are required to be switched from Prime to the new Admiral Share, will we los...
by capran
Fri Aug 21, 2020 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: IRS go2 app and refund question
Replies: 7
Views: 322

Re: IRS go2 app and refund question

Just for reference I filed my return in early-mid march. I checked 4 days later with the certified mail tracking number and it was marked received. The paper filing instructions with HR block specified this, so that was great advice on their part, and cost was less than 3 bucks if i recall correctl...
by capran
Fri Aug 21, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: IRS go2 app and refund question
Replies: 7
Views: 322

Re: IRS go2 app and refund question

unfortunately no, didn't send it certified, but sure will going forward.
by capran
Fri Aug 21, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: IRS go2 app and refund question
Replies: 7
Views: 322

IRS go2 app and refund question

We filed a joint paper return in early June (after receiving our stimulus check, (since 2019 income was higher than 2018). The IRS web site says do not call and expect delays. but installed the IRS go 2 app and entered my SS, filing status and expected refund, but it says info does not match. so car...
by capran
Thu Jul 09, 2020 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17631

Re: Which College degrees are worthwhile?

Is it worthwhile to obtain a degree to maximize the probability of acquiring a career that you may not even be interested in? Interesting is overrated. The purpose of a career is make money. When I taught career guidance, I used to say "You will likely work about 40 or so years. if you get two...
by capran
Sat Jul 04, 2020 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17631

Re: Which College degrees are worthwhile?

Is it worthwhile to obtain a degree to maximize the probability of acquiring a career that you may not even be interested in? Interesting is overrated. The purpose of a career is make money. When I taught career guidance, I used to say "You will likely work about 40 or so years. if you get two...
by capran
Fri Jul 03, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17631

Re: Which College degrees are worthwhile?

Is it worthwhile to obtain a degree to maximize the probability of acquiring a career that you may not even be interested in? I was a counselor, for almost 40 years, and the last 26 of it as a guidance counselor. Better to ask yourself what combination of interests and skills do you have and can dev...
by capran
Fri Jul 03, 2020 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 21423

Re: What to do with all this MONEY ?

What would you do if you found out you had 18 months to live? Do that! If COVID has reminded us of one thing, is that there are no guarantees.
by capran
Fri Jun 19, 2020 4:24 pm
Forum: Personal Investments
Topic: double checking what Vanguard told me re"treasuries" both return and volatility
Replies: 8
Views: 718

Re: double checking what Vanguard told me re"treasuries" both return and volatility

Well, thank you all for those comments. They make more sense than the Vanguard person I spoke with. And we had him on speaker phone with permission since we each have an account, and no way we miss heard. He was very specific about a 2% yield, which didn't make any sense given the little bit I know....
by capran
Fri Jun 19, 2020 11:26 am
Forum: Personal Investments
Topic: double checking what Vanguard told me re"treasuries" both return and volatility
Replies: 8
Views: 718

double checking what Vanguard told me re"treasuries" both return and volatility

I was one the phone yesterday with Vanguard asking about a different issue (an recent bond that has an involuntary call/redemption and asked him if there was something I should be looking at since the Prime money market has fallen off a cliff. He said I should consider short term treasuries which wo...
by capran
Tue Jun 16, 2020 4:03 pm
Forum: Personal Investments
Topic: LEO BYN Mellon Muni bond fund
Replies: 2
Views: 174

Re: LEO BYN Mellon Muni bond fund

Thank you. Had not seen that article that mentions LEO. "Where to Find the Best Municipal-Bond Fund Buys" By Randall W. Forsyth June 10, 2020 11:28 am ET . And thank you for your explanation as to why yields will likely continue to go down, as older bonds expire and are replaced with lower...
by capran
Tue Jun 16, 2020 2:14 pm
Forum: Personal Investments
Topic: LEO BYN Mellon Muni bond fund
Replies: 2
Views: 174

LEO BYN Mellon Muni bond fund

About 1 1/2 years ago we inherited a small position in LEO, about 5200 shares. It used to be 5 star (morningstar rating). I remember a cut in 2018 in the payout, but the monthly dividend has been steady ever since. But recently it went from 4 to 3 to now 2 star ratings. from Stockopedia: "FINAN...
by capran
Sun Jun 14, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: working longer for free health care? is it worth it?
Replies: 27
Views: 3861

Re: working longer for free health care? is it worth it?

We quit work at 62(Me) and 59.5 (her). She had 30 years with the district and so got her pension right away. I had to wait until 65, but neither pension was even close to yours, (1666 and 1750) so Medical Insurance was our greatest concern and expenditure by far. As retirees we were eligible for the...
by capran
Sat Jun 13, 2020 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 blues
Replies: 64
Views: 3776

Re: form 8606 blues

Whew! Thought I was a goner, as every bit of our IRA's were deductible and we have been doing the 8606 as we convert our IRA to roth every year. We just pay income tax on what ever we withdraw. Someday we might dip into roths but probably not. Hope there's no complicated form to go with that one!
by capran
Sat Jun 13, 2020 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 blues
Replies: 64
Views: 3776

Re: form 8606 blues

Hello All. I was educating myself regarding IRA contributions- and learnt about the form 8606- needed for reporting non -deductible IRA contributions to IRS. me/wife had had 401ks all these years and exceed the income limit for deductible IRA contribution. I went back through my tax returns all the...
by capran
Wed Jun 03, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 70
Views: 11297

Re: IRMAA Thresholds in 2020

Thanks for the confirmation. Makes sense on my end to go ahead and continue to convert as much as possible now, both to reduce future RMD's when they start which might trigger unwanted IRMAA as well as my belief that taxes will go up, so take advantage of the lower tax rates while I can.
by capran
Tue Jun 02, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 70
Views: 11297

Re: IRMAA Thresholds in 2020

Sawdust, As I read your original response and follow up, I am still curious about the interaction between 2018 income and 2020. Are you suggesting that since you had a higher income in 2018, if you keep your 2020 income below the 150k threshold, you will get some additional tax credit/stimulus? But ...
by capran
Sun May 24, 2020 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 70
Views: 11297

Re: IRMAA Thresholds in 2020

-- consider the CARES act when working on your 2020 AGI: Depending on your income level and whether you received the full stimulus payment, the 22% marginal tax rate may be 5% higher for some income above 150k MFJ. I will do less Roth conversions in 2020, to capture the full tax credit by limiting ...
by capran
Sat May 23, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 70
Views: 11297

Re: IRMAA Thresholds in 2020

It looks like the base income threshold for MFJ for IRMMA for 2020 (thus 2018 MAGI) is $174k or less per Medicare website. https://www.medicare.gov/your-medicare-costs/medicare-costs-at-a-glance That seems pretty clear from your link on the Medicare site that the threshold on 2018 income for the 20...
by capran
Fri May 22, 2020 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 70
Views: 11297

Re: IRMAA Thresholds in 2020

just for clarification of this rook: MAGI for IRMAA purposes is Line 11 of the new tax form 1040 + the add-backs (such as tax-exempt interest). In other words, MAGI+exempt interest is net of the new standard or itemized deductions, correct? (Only asking since 'MAGI' does not appear to be a tax form...
by capran
Fri May 22, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 70
Views: 11297

Re: IRMAA Thresholds in 2020

I was looking at that same question yesterday and found this. https://www.fool.com/retirement/2019/11/17/heres-what-higher-earners-will-pay-for-medicare-pa.aspx If I am reading it right, for 2020 based on 2018 income the max MAGI is $174,000. But then I spent time trying to find that same info on an...
by capran
Wed May 20, 2020 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 5962

Re: Thinking of buying a boat during pandemic – am I CRAZY?

At that income and asset base, why would you not buy a boat? We live on a boat every summer full time (to avoid the expensive waterfront property) and have done so since 1986. My only regret is not buying a nicer boat earlier, and we only made a tiny fraction of what you do. Life is too short to not...
by capran
Tue May 19, 2020 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 71
Views: 5287

Re: Turning 65, Medicaire questions

SHIBA is a non profit, non sales organization that can help in the decision making and know the local offerings. I attended one meeting in Spokane and found it very helpful. Depending on your plan, unless it's an all inclusive one, you need a Plan D. We have delta dental offered through our state re...
by capran
Mon Apr 27, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 36538

Re: Car Dealers not really wanting to make a deal

Does your local dealer offer the Costco deal? For our last three cars over the last 15 years we called the dealer and asked if they will match or do better than the Costco program. We are shown the invoice and pay no more than 500 over invoice, which is usually substantially lower than the MSRP. No ...
by capran
Sat Apr 25, 2020 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 173
Views: 19209

Re: Anyone planning on never retiring?

Kinda like that financial commercial where the guy talks about all the things he's done and says "what if I don't want to retire?" and the guy says develop a plan for what's next. If you love working, nothing wrong with that. I loved work until I got the principal from hell and pulled the ...
by capran
Sat Apr 25, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: I need financial/general advice
Replies: 47
Views: 3055

Re: I need financial/general advice

I spent 37 years as a counselor, and the last 26 of that as a guidance counselor. The very short summary of a career guidance class I used to teach is this. Work life is often a compromise of many factors: what you love/like to do (passion), your interests, what you absolutely must have, what you wa...
by capran
Sat Apr 11, 2020 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: your experience with Vanguard re: revised 1099's
Replies: 5
Views: 352

Re: your experience with Vanguard re: revised 1099's

Thanks for that idea. It hadn't occurred to me. I wonder if my OCD nature would let me. I've spent several hours printing up new forms and finished several. Just amazes me they can do that with so few days left of the regular filing period, especially since the security that was revised was sold 7 m...
by capran
Sat Apr 11, 2020 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: your experience with Vanguard re: revised 1099's
Replies: 5
Views: 352

your experience with Vanguard re: revised 1099's

I don't mind saying, I am more than a bit ticked off! I did my taxes and because there were quite a few new to me forms (passive activity, Captial Gains, schedule E etc) I completed everything but hired a CPA ($250) to review everything. He recommended a few changes (like being able to fully deduct ...
by capran
Fri Mar 27, 2020 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: corona checks as a rebate on 2020 taxes?
Replies: 54
Views: 5192

Re: corona checks as a rebate on 2020 taxes?

With all due respect to the Washington Post (to which I subscribe), I'm basing my interpretation on the wording in the bill. The checks are "advance refunds" of a tax credit on 2020 returns. The credit is based on 2020 income. I'm not seeing anywhere in the bill where it says a taxpayer i...
by capran
Mon Mar 16, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Just a couple of tax form questions
Replies: 28
Views: 1044

Re: Just a couple of tax form questions

..................................... unfortunately, we are at 167k before using the standard deduction, so still not able to use the tables. ..................................... Are you receiving SS ? If you are your income sounds high enough that your SS taxation is "saturated" at the ...
by capran
Sun Mar 15, 2020 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Just a couple of tax form questions
Replies: 28
Views: 1044

Re: Just a couple of tax form questions

If your taxable income is less than $100,00, you use the tax table, which bases tax on $50 increments, such as "at least $72,000, but less than $72,050". A $2 increase in taxable income in the 12% tax bracket incurs either no additional tax or $6 tax increase. Fortunately, or unfortunatel...
by capran
Sun Mar 15, 2020 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Just a couple of tax form questions
Replies: 28
Views: 1044

Re: Just a couple of tax form questions

They we bought on the original issue offering but passed on to us as an inheritance. Both hers and ours are in a box titled "Summary of original issue Discount". Since these are all new tax forms for us, I was comparing what was on the family owners 1099 and their Tax forms. Interesting ab...
by capran
Sun Mar 15, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Just a couple of tax form questions
Replies: 28
Views: 1044

Re: Just a couple of tax form questions

:oops: Ok, I now agree with Duckie's numbers. I ran it through TT and got the same thing that Duckie got. Line 16 and 18 are $70,200 and lines 4a and 4b are $83,500. On line 18, "taxable amount" does not refer to the taxable amount of the distribution. It refers to the amount that ended u...
by capran
Sun Mar 15, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Just a couple of tax form questions
Replies: 28
Views: 1044

Re: Just a couple of tax form questions

And I wanted to follow up on an earlier question re: 8606. I took an IRA distribution of 83500, but had taxes withheld of 13,300, so I am putting 70,200 on the 8606 form. In my opinion, line 8 should be $83,500. And it says the same number goes on line 16. Again, I'm stumped by the use of "net...
by capran
Sun Mar 15, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Just a couple of tax form questions
Replies: 28
Views: 1044

Re: Just a couple of tax form questions

I was stumped so I checked it in TurboTax. You were right. When I entered that you withdrew $83,500, withheld $13,300, and converted $70,200 I got: Form 8606 Part II Line 16 -- 70,200 Line 17 -- 0 Line 18 -- 70,200 Form 1040 Line 4a -- 83,500 Line 4b -- 83,500 Line 17 -- 13,300 Duckie, not sure wha...
by capran
Sat Mar 14, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Just a couple of tax form questions
Replies: 28
Views: 1044

Re: Just a couple of tax form questions

Thanks for the clarification. Not adding that it was a Roth Conversion is a major omission on my part. So sorry. My line 17 includes the withholding from my IRA to Roth conversion as well as other tax I had withheld from my SS and pensions, so it is 21130. No way to break out the underlying source. ...
by capran
Sat Mar 14, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Just a couple of tax form questions
Replies: 28
Views: 1044

Re: Just a couple of tax form questions

And I wanted to follow up on an earlier question re: 8606. I took an IRA distribution of 83500, but had taxes withheld of 13,300, so I am putting 70,200 on the 8606 form . But putting 83,500 on line 4b, as that was the taxable amount. Even though for most people, the amounts would be the same. I kn...
by capran
Sat Mar 14, 2020 6:03 pm
Forum: Personal Investments
Topic: My dad says I should pull out of the market before "they" steal it all
Replies: 113
Views: 8369

Re: My dad says I should pull out of the market before "they" steal it all

..... and complained that Reagan did away with pensions .... Huh? That’s news to me. I'm not sure he meant Reagan himself did away with the pensions. That's around the time pensions started going away, and replaced by 401s. Actually I think late 70s was when it started but someone feel free to corr...
by capran
Sat Mar 14, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Just a couple of tax form questions
Replies: 28
Views: 1044

Just a couple of tax form questions

I got all my tax forms done, or so I thought. (I'm old school- on paper, even though our wonderful IRS has never sent me the forms I requested in January), As I am double checking what I thought was all done, ready for the mail, I notice two items on a "summary of 2019 Original Issue Discount&q...
by capran
Wed Mar 04, 2020 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Where to enter Roth distribution in TurboTax
Replies: 21
Views: 1799

Re: Where to enter Roth distribution in TurboTax

My mom took a qualified Roth distribution in 2019 (she is retired). It is code Q. She doesn’t know how/where to enter it in TurboTax. Where does this information get entered? On TurboTax under Federal Taxes >> Wages & Income she needs to enter her Roth IRA 1099-R information and answer some que...
by capran
Mon Feb 17, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI For IRMAA
Replies: 6
Views: 709

Re: MAGI For IRMAA

As usual I must be misreading or misunderstanding what the turbo/intuit link is saying. I am thinking about it in simple terms. MAGI, in my mind, is all my income- pension, my full SS (NOT just the taxable amount), all interest and dividends INCLUDING tax free interest, any IRA distributions. But ma...
by capran
Mon Feb 17, 2020 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should you always use a 529?
Replies: 106
Views: 16381

Re: Should you always use a 529?

It's been a long time since we used one for our son, but I seem to remember there were some limits on some kind of opportunity tax credit or something like that if you were paying with 529 plan proceeds. I think it affected the first 2 years, so we went ahead and paid out of pocket at a community co...
by capran
Fri Feb 14, 2020 12:44 pm
Forum: Investing - Theory, News & General
Topic: assessing risk of involuntary bond redemptions
Replies: 5
Views: 384

Re: assessing risk of involuntary bond redemptions

I don't have that info as I'm traveling, but will check what it was. It wasn't a huge bond, but it was paying 2400 a year, and when it was redeemed it incurred about 2900 in capital gains, which is what I'm more concerned about with the remaining bonds potential for being redeemed. I thought it had ...
by capran
Wed Feb 12, 2020 9:08 am
Forum: Investing - Theory, News & General
Topic: assessing risk of involuntary bond redemptions
Replies: 5
Views: 384

assessing risk of involuntary bond redemptions

How does one assess the probability of getting a late in the year involuntary bond redemptions? In December I received notice that US West Comm was redeeming a bond in early January. I understand why they would, given that corporations are flush with cash due to the tax breaks, and they can borrow m...
by capran
Wed Feb 12, 2020 8:52 am
Forum: Investing - Theory, News & General
Topic: The 1986-2000 Stock Market Run Up
Replies: 19
Views: 1844

Re: The 1986-2000 Stock Market Run Up

I appreciate that it is prudent to assume a conservative rate of return going forward. But, why, in light of the Boglehead philosophy not to predict what will happen in the future, do so many people predict that future returns will be lower? For all we know, the next 15 years will look exactly like...
by capran
Sun Feb 09, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax-Exempt Interest % by State for 2019
Replies: 11
Views: 1586

Re: Vanguard Tax-Exempt Interest % by State for 2019

Here is the form I believe he was looking for. It is out already too. Tax-exempt interest dividends by state for Vanguard municipal bond funds and Vanguard Tax-Managed Balanced Fund https://personal.vanguard.com/pdf/INBST_012020.pdf And as a bonus. US government obligations information https://pers...