Search found 1129 matches

by CAsage
Thu Jan 17, 2019 3:15 pm
Forum: Personal Investments
Topic: Help needed escaping from Ameriprise [Denmark]
Replies: 6
Views: 626

Re: Help needed escaping from Ameriprise [Denmark]

First - I know nothing about the specifics but have some thoughts to look into. Your situation is massively complicated by your living in Denmark, which has a very different social tax and support structure. You really need to consult with a local tax expert or accountant to see what taxes you would...
by CAsage
Thu Jan 17, 2019 2:49 pm
Forum: Personal Consumer Issues
Topic: Audio book options
Replies: 28
Views: 1127

Re: Audio book options

Totally your library! I would expand that thought... to include every library in your state that you can get to. I have found several excellent options in small local city libraries and county - they serve smaller areas, but all are available to anyone within (your) state. Widen the net, and you are...
by CAsage
Sat Jan 12, 2019 1:07 pm
Forum: Personal Consumer Issues
Topic: Discounted Postage Stamps
Replies: 25
Views: 2125

Re: Discounted Postage Stamps

At the Post office, supposedly they will accept sheets of postage stamps as payment. Sending a package or an express mail thing can potentially use up a lot of stamps that way. :happy I do not believe the USPS accepts returns - which is kind of what that is. But you can certainly stick them on all ...
by CAsage
Wed Jan 09, 2019 5:51 pm
Forum: Personal Consumer Issues
Topic: Discounted Postage Stamps
Replies: 25
Views: 2125

Re: Discounted Postage Stamps

I read about this sometime ago here, and could not resist hopping over to ebay to buy a lot (or two...) of 30% discounted unused U.S. postage stamps. Then I amused myself for a rainy afternoon gluing them all to envelopes in 50 Cent increments.... and used a bunch of the 25 cent stamps on some small...
by CAsage
Mon Jan 07, 2019 9:35 pm
Forum: Personal Consumer Issues
Topic: Buying Fabric for Drapes: How to Order Cuts Online
Replies: 4
Views: 199

Re: Buying Fabric for Drapes: How to Order Cuts Online

So, your panels are 12'. You definitely want those panels in single cuts of fabric, as drapes really would look awful with a horizontal seam. If the bolts are about 9 yards, then you can get 2 panels per bolt. I would order the fabric in 8 yard increments - so that you can guarantee a single uncut s...
by CAsage
Mon Jan 07, 2019 9:23 pm
Forum: Personal Investments
Topic: In Need of (Real) Financial Advice
Replies: 14
Views: 1577

Re: In Need of (Real) Financial Advice

The reality is that I don’t even pay attention to it because I’ve just been focusing on living a comfortable stress-free (financial) life. It might be useful for you to carefully track every penny for a couple months. Don't necessarily budget or sacrifice - just hone those numbers. You may find it ...
by CAsage
Mon Jan 07, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Is it appropriate to take deduction for donating items belonging to deceased?
Replies: 8
Views: 1027

Re: Is it appropriate to take deduction for donating items belonging to deceased?

Completely proper and very common. Do watch the $ value of individual donations - I believe you can value the goods yourself for any single donation under $250. So don't do it all in one day or one trip. When my mom passed, it took weeks to clean out her home, and I made multiple trips to the local ...
by CAsage
Wed Jan 02, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 160
Views: 8382

Re: Should I fully fund IRA each January?

Funding your IRA every January is dollar cost averaging across years, and in most cases the best bet - more years the market goes up than down. There is no single right answer - if you have the money, it's not a bad plan. Quibbling about the frequency of the investing is probably the least important...
by CAsage
Mon Dec 31, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: Low maintenance yard - new home and HOA
Replies: 27
Views: 2209

Re: Low maintenance yard - new home and HOA

Get a decent landscape architect, and be clear about what your goals are (interview them to ensure they have done your type of plan before). I think that if you get a decent mix of lots of groundcover shrubs, hardscape, with some grassy areas for the children, maybe a mulch play area under the swing...
by CAsage
Mon Dec 31, 2018 3:57 pm
Forum: Personal Investments
Topic: Opinions sought re: age-related investing issue
Replies: 39
Views: 2132

Re: Opinions sought re: age-related investing issue

...-someone who will take defensive measures if needed to mitigate the effects of market losses, someone whose job it is to watch the markets and react quickly or anticipate what changes might be necessary. ... Assuming a portfolio of $500,000, you'd be paying $5000 to your advisor, but your adviso...
by CAsage
Sun Dec 30, 2018 3:32 pm
Forum: Personal Investments
Topic: no tax benefit to bunching charitable gifts if itemizing deductions?
Replies: 3
Views: 481

Re: no tax benefit to bunching charitable gifts if itemizing deductions?

You appear to be right on the edge! I tend to compulsively over analyze my personal taxes just for fun. If it were at all possible for you to swing your property taxes between years (in CA, I can pay .5 one year, then 1.5 alternately due to Dec & Feb due dates), pay your estimated state taxes in big...
by CAsage
Sun Dec 30, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: Etiquette of selling used items
Replies: 20
Views: 1715

Re: Etiquette of selling used items

I find it helpful to post the price and description up front, so you don't have to respond to people on details. Our local facebook swap rules specify that "interested" isn't a commitment. I have found (after no shows and multiple "interested" flags) to be clear up front in the listing - set whateve...
by CAsage
Fri Dec 28, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Paying Taxes with IRA?
Replies: 16
Views: 912

Re: Roth Conversion Paying Taxes with IRA?

I think a lot of people advise paying the taxes due with non-IRA funds to preserve the maximum amount in the IRA and Roth. I am in the same position as OP; darn near every penny I have is in my 401k/IRA. Due to my belief that taxes will only go up in the future, the coming RMD/IRMAA issues, and my d...
by CAsage
Thu Dec 27, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Removing Russian Labels [from painted wood]
Replies: 5
Views: 809

Re: Removing Russian Labels

Hopefully the labels were underneath or in a sheltered spot? If I were you, I would start from "most gentle" and move up. Try water first, a tiny bit on a washcloth. Move to Murphy's oil soap for wood, then Goof-off. That gets anything off, but I would not use it on the front of a painted item. Cons...
by CAsage
Thu Dec 27, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tax donation question [lump vs serial]
Replies: 4
Views: 301

Re: Tax donation question [lump vs serial]

I have one slightly nutty friend who insists on writing actual monthly checks (really, paper, with stamped envelopes) to every single charity he supports because they need money all year. Okay, I get that.... but there are lots of people donating and I think it smooths out. The real question is... c...
by CAsage
Thu Dec 27, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Payment Question
Replies: 18
Views: 1456

Re: Estimated Tax Payment Question

Even with withholding covering the rest? I thought if his withholding covers the safe harbor rules, he would be fine. From the IRS: The United States income tax system is a pay-as-you-go tax system, which means that you must pay income tax as you earn or receive your income during the year. You can ...
by CAsage
Thu Dec 27, 2018 9:42 pm
Forum: Personal Investments
Topic: 401k advice
Replies: 13
Views: 888

Re: 401k advice

The past performance is irrelevant. And one cannot determine the allocation of a 401k in a vacuum - gotta look at your total portfolio. If I was you... I would split that entire 401K into three funds (the current balance plus new deposits) in accordance with your overall plan, just to lower the expe...
by CAsage
Thu Dec 27, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Payment Question
Replies: 18
Views: 1456

Re: Estimated Tax Payment Question

You should check out the safe harbor rules; any payment would be due Jan 15. I think you could skip both forms if you meet these rules. I tend to pay my bills sooner rather than later, so I would pay the darn thing In January and skip the forms as not needed. Generally, an underpayment penalty can b...
by CAsage
Wed Dec 26, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan, Inheritance Situation
Replies: 16
Views: 1471

Re: Student Loan, Inheritance Situation

what is your mortgage rate and balance? Id be tempted to tax the post-tax money and throw it at the loans to take out a big chunk of them. I do not believe you can withdraw just the post-tax money; IRA withdrawals must be prorated. With your future income, this won't rock the boat either way. But y...
by CAsage
Mon Dec 24, 2018 8:11 pm
Forum: Personal Investments
Topic: Advice for "Little Old Lady" revised
Replies: 21
Views: 2674

Re: Advice for "Little Old Lady" revised

One should always check the total fees/expenses of what you are invested in. If your broker charges you any more just to hold those funds, then, yes, you should transfer. You can check Vanguards expense ratios online. You might separately consider just a simple three-fund portfolio of Total Bond, To...
by CAsage
Fri Dec 21, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Tax Loss Harvesting..
Replies: 1
Views: 139

Re: Help with Tax Loss Harvesting..

Your question doesn't really have enough details to answer. If you borrowed the money from someone or you need it now, then, yes, you are in trouble! If you have a long time (years) before you need it, no, it will come back - always has so far. But I suspect your question is more - can I tax harvest...
by CAsage
Thu Dec 20, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Credit For The Elderly Or Disabled.
Replies: 10
Views: 837

Re: Tax Credit For The Elderly Or Disabled.

There is a comprehensive tax form based free spreadsheet you can download and play with below (or google Excel 1040 to find on your own...). I believe it has almost everything but have never looked for that credit!

https://sites.google.com/site/excel1040/
by CAsage
Thu Dec 20, 2018 1:38 pm
Forum: Personal Investments
Topic: Paying taxes on Roth conversion made in 2019
Replies: 21
Views: 1542

Re: Paying taxes on Roth conversion made in 2019

You are supposed to pay estimated taxes in accordance with the earnings. However... withholding can be any time. For example, some people who underestimate their taxes early in the year make it up with extra payroll withholding later in the year - messy, but legal. Some retired people who are old en...
by CAsage
Thu Dec 20, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Tax Planner - Google Sheet
Replies: 6
Views: 945

Re: 2019 Tax Planner - Google Sheet

You can google on "Excel 1040" to find the link below, and it does not appear to be updated for 2019. I sure appreciated using it for 2018 predictions....

https://sites.google.com/site/excel1040/
by CAsage
Wed Dec 19, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Settlement issues and inherited IRAs
Replies: 37
Views: 1580

Re: Estate Settlement issues and inherited IRAs

So, the taxes due are the Illinois estate tax and deceased Dad's 2018 tax return. You can leave some money in the trust to cover that expense, as well as paying off his credit cards (the sooner the better, no reason to hold off). So your sister the executor definitely needs to plan to get that done,...
by CAsage
Wed Dec 19, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Settlement issues and inherited IRAs
Replies: 37
Views: 1580

Re: Estate Settlement issues and inherited IRAs

He was also getting RMDs, and I assume the last one would be before the year ends. If another RMD is taken next year, and the estate is revalued in 6 months, wouldn't that push the distributions back an entire year, as new tax filings have to be made? We then have even more market risk. I also thin...
by CAsage
Wed Dec 19, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Settlement issues and inherited IRAs
Replies: 37
Views: 1580

Re: Estate Settlement issues and inherited IRAs

If your sister is the trustee, she has the power to direct any of these financial bozos to sell any of the assets. Of course, they are not interested in what's best for you and the other heirs, they are trying to retain control and fee$$ on the funds. Putting a trust through probate is (in my consum...
by CAsage
Tue Dec 18, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Kitchen refresh/remodel ideas
Replies: 36
Views: 2576

Re: Kitchen refresh/remodel ideas

Your kitchen is around 30 years old, and has probably reached the end of it's life. My former kitchen was done in 1985, lots of classic oak... and when I was able to enumerate 12 things wrong/broken/annoying/ugly with it, I decided it was time to gut and redo. No point in refacing poor quality cabin...
by CAsage
Sat Dec 08, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 7128

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

I have found it advantageous to pack deductions into alternate odd years - first big pack year was 2017, and I'm pushing everything I can into 2019 so as to take standard deduction in 2018. You might calculate it and see; there is no net benefit to just advancing it one year every year... That tact...
by CAsage
Sat Dec 08, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: TaxCaster for 2018 estimated taxes
Replies: 10
Views: 1190

Re: TaxCaster for 2018 estimated taxes

There were many changes to the 2018 taxes, such as dependents, exemptions (gone), limits on State and Local tax deductions, standard deductions, .... so it's simply not possible to answer your question without knowing a lot more details in what was in your tax return - it's not just a lower tax brac...
by CAsage
Tue Dec 04, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: County not accepting 2018 property taxes in 2018 - need help with ideas.
Replies: 138
Views: 7128

Re: County not accepting 2018 property taxes in 2018 - need help with ideas.

I have found it advantageous to pack deductions into alternate odd years - first big pack year was 2017, and I'm pushing everything I can into 2019 so as to take standard deduction in 2018. You might calculate it and see; there is no net benefit to just advancing it one year every year...
by CAsage
Tue Dec 04, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: credit cards
Replies: 13
Views: 1232

Re: credit cards

One can shop for the latest good deals on Nerdwallet.com. What is "best" depends a whole lot on what category you spend money in. There is no one answer..... Some cards are better for travel vs dining vs gas vs ….
by CAsage
Sun Dec 02, 2018 2:55 pm
Forum: Personal Investments
Topic: [Deleted]
Replies: 7
Views: 846

Re: Please Help: Receiving Farm Land

One quick observation - one generally isn't stuck with multiple generations of capital gains because the basis is reset when the owner dies - unless you have some complex group ownership or trust thing about which I know nothing that would negate that. I plan to have my kids inherit my house, just t...
by CAsage
Sun Dec 02, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Support for non-dependent Child in College
Replies: 6
Views: 833

Re: Support for non-dependent Child in College

Look into whether your son now counts as a "qualifying relative". I think that might be applicable if he lives in a residence for school and returns home for summer/vacations. Similar question for those eternal students in my family.... not quite sure how it works.
by CAsage
Tue Nov 27, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Private mortgage and estate planning
Replies: 9
Views: 676

Re: Private mortgage and estate planning

Well, I certainly muddied those waters - inadvertently! I thought that distributing the mortgage to the beneficiary(ies) implied that the original loanee would then owe fractions of the note to each sibling..... Messy. Did not mean to muck this up. Hope that whoever executes this type of estate woul...
by CAsage
Mon Nov 26, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Private mortgage and estate planning
Replies: 9
Views: 676

Re: Private mortgage and estate planning

I read the question a bit differently than the prior two responses. I read it as, can the note be forgiven entirely in favor of the one Adult Child (which I concluded from the … "home left free and clear" statement). If that is the desired outcome, it might be advisable for the Parent to specify in ...
by CAsage
Sun Nov 25, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting accounts as a beneficiary - potential issues and practical tips?
Replies: 33
Views: 2388

Re: Inheriting accounts as a beneficiary - potential issues and practical tips?

... My parents wanted to be cremated (we did) and ashes "combined and buried or scattered." My parents were longtime devoted Lutherans and probably did not know that the church discourages combining ashes and also suggests to not scatter. Sometime in the future, someone is going to have to decide w...
by CAsage
Sat Nov 24, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance questions.
Replies: 17
Views: 2143

Re: Inheritance questions.

More thoughts. The CPA should be a great source. Trace all the sources of income on last tax return - for IRAs (1099-R), bank accounts (1099-int), any pensions or SS? The SS payments should automatically stop upon death, most funeral services notify them promptly. If there are any IRAs, you will nee...
by CAsage
Sat Nov 24, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying state property taxes
Replies: 8
Views: 841

Re: Prepaying state property taxes

Generally, you will only be able to do this every other year, as your analysis correctly shows. If you pulled deductions forward to take them last year, then you might consider pushing them all out to 2019, or if you do prepay now, also see what other deductions you can pull to maximize 2018, As a m...
by CAsage
Sat Nov 24, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance questions.
Replies: 17
Views: 2143

Re: Inheritance questions.

Do you have access to where they were living? Any clue as to who might be cleaning that out? If you have the will, get it filed at the (right) courthouse in your state/area to be properly appointed executor. Get their mail forwarded to you. Buy a Nolo Press book on estate and probate; whether you hi...
by CAsage
Fri Nov 16, 2018 8:37 pm
Forum: Personal Investments
Topic: problem using federal income tax calculator spreadsheet
Replies: 3
Views: 434

Re: problem using fedederal income tax calculator spreadsheet

Suggest you email the Spreadsheet creator with any issues. I found a nit once, and he (?) was super fast in responding, and certainly is the expert in answering questions on his creation.
by CAsage
Fri Nov 16, 2018 4:53 pm
Forum: Personal Consumer Issues
Topic: Cremation seminar – with complimentary lunch
Replies: 86
Views: 6551

Re: Cremation seminar – with complimentary lunch

We all need to dispose of our earthly remains, but we do not all need funerals. I recall our family spent a fortune (maybe $10k) when my Dad passed in 1989, but we had a Catholic second wife to negotiate with. When my Mom passed a few years ago, her much older, wiser, and cheaper children price shop...
by CAsage
Tue Oct 30, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: why split property tax payment with SALT limit; why itemize?
Replies: 19
Views: 2424

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

I used to pay all the CA property taxes each year when I got the bill. From now on .... I will pay the first payment on time in November, then pay the 2nd payment in February AND both 2019 payments next fall. Repeat every other year. I also super-funded a DAF in 2017 so I could deduct it... but shou...
by CAsage
Fri Oct 19, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Property Tax - Deliquency date
Replies: 11
Views: 913

Re: Property Tax - Deliquency date

You are penalty free until December 10, 2018. Give yourself a little grace period; I plan to try the online payment system to directly debit my checking account around 12/1/2018.
by CAsage
Wed Oct 17, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion - getting conflicting info about taxes
Replies: 7
Views: 729

Re: Roth conversion - getting conflicting info about taxes

I have done Roth conversions for many years. Never did they tax or refer to the residual IRA balance - the 1099-R reports only the amount you converted. Read through Pub 590 to see confirm and verify. I am assuming that your IRA is all pretax, or it gets messier having to convert a mixed pre/post ta...
by CAsage
Tue Oct 16, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: de-balling down comforter?
Replies: 7
Views: 638

Re: de-balling down comforter?

If you do rewash it (try no soap this time), consider taking it to a laundromat with those clean tennis balls, and put it in a LARGE dryer so it can really tumble freely. Bring a kindle.
by CAsage
Sun Oct 14, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 federal income tax
Replies: 9
Views: 1062

Re: 2018 federal income tax (low income)

Reliable 2018 tax planning tools are available now. For example, excel1040.com.
by CAsage
Sun Oct 14, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: RMD considering After tax contributions to 401K
Replies: 2
Views: 393

Re: RMD considering After tax contributions to 401K

Several of my better-compensated friends had big after-tax balances in their 401K (I too closely managed it to only put in the pretax max, to my current regret). I believe if you roll it all over, you can separate the pretax portion into a new Rollover IRA and the aftertax portion into a new Roth IR...
by CAsage
Sun Oct 14, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Home Owners - Property Tax and Mortgage Deductions
Replies: 9
Views: 1080

Re: Joint Home Owners - Property Tax and Mortgage Deductions

Example: House worth $100, current mortgage $50. Look into Mom recording a grant deed from herself to Mom and Random as Tenants in Common, each owning 50%. Note the Tenants in common designation should reflect how much, approximately, of the current house Mom actually has paid off currently.... roug...
by CAsage
Sun Oct 14, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: 1950s home. Replace drywall and insulation or repair it
Replies: 19
Views: 1806

Re: 1950s home. Replace drywall and insulation or repair it

Ripping out the old drywall and insulating is buckets of fun - I did it myself in two perfectly fine bedrooms because the prior owners replaced old 1946 windows … and rather than match the old lath/plaster they double drywalled the whole room. The doors no longer lined up (oddly recessed) … so I rip...