Search found 6568 matches

by cherijoh
Sat Apr 18, 2020 9:27 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 26276

Re: IRS Get My Payment up and running

Thanks for your response. I am aware that the IRS will not process the return based on bank information from payouts. That's why I'm trying to go on the site and provide my banking info. It looks like my problem could be that I was using the street address used for my filing, rather than the USPS s...
by cherijoh
Sat Apr 18, 2020 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Please Help Us Get Our Stimulus Payment
Replies: 59
Views: 5502

Re: Please Help Us Get Our Stimulus Payment

I checked the IRS site (GET MY PAYMENT) for stimulus status and keep getting the message that they can't make a determination of my payment - I don't remember the exact words but something to that effect. Our 2018 joint return had an AGI of $40,000; we were keeping our AGI low to qualify for ObamaC...
by cherijoh
Fri Apr 17, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 26276

Re: IRS Get My Payment up and running

I didn't receive my payment and I'm getting the payment status not available message on the IRS website. - I filed 2018 and paid by withdrawal from my bank account - I have not filed for 2019 as I owe again - I definitely qualify under 2018 AGI - None of the other disqualifiers apply to me - I had ...
by cherijoh
Fri Apr 17, 2020 4:41 pm
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7829

Re: Retirees: what are you doing with all the home equity?

Sadly, my MIL has stated that much of her wealth is in her house. She's house rich, cash poor. Sadly, if there are no buyers, she's poor all the way around. This is a huge problem. This is exactly the predicament I am avoiding with my interest-only mortgage which I intend to roll over into perpetui...
by cherijoh
Thu Apr 16, 2020 8:12 pm
Forum: Personal Investments
Topic: Rollover from Work Plan to Vanguard or Fidelity
Replies: 4
Views: 312

Re: Rollover from Work Plan to Vanguard or Fidelity

Hello all, I am trying to help a family member roll over her 401k to Vanguard or Fidelity. I am curious if anyone knows whether she will be able to transfer JPMorgan and T. Rowe Price funds to Vanguard or Fidelity intact, or if she will have to liquidate them and move them as cash. I am trying to s...
by cherijoh
Thu Apr 16, 2020 7:51 pm
Forum: Investing - Theory, News & General
Topic: Stimulus payment reduced by previous Roth conversion
Replies: 28
Views: 1918

Re: Stimulus payment reduced by previous Roth conversion

......................................................................... We don't need to undo RMDs to keep our 2020 taxes below $150,000. I can just limit my Roth conversions to do that. .................................................................................. ?? Isn't a distribution (RM...
by cherijoh
Thu Apr 16, 2020 7:41 pm
Forum: Investing - Theory, News & General
Topic: Stimulus payment reduced by previous Roth conversion
Replies: 28
Views: 1918

Re: Stimulus payment reduced by previous Roth conversion

Do backdoor roths also count against this? On my 1040 it included the distribution but on 8708 it included them as nontaxable. Do you mean form 8606? I've never heard of an 8708. The 1040 has a line for total retirement plan distributions (i.e., what is showing up on line 1 of your 1099-R forms) an...
by cherijoh
Thu Apr 16, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 26276

Re: IRS Get My Payment up and running

I don't have my payment and site says: According to information that we have on file, we cannot determine your eligibility for a payment at this time. I filed 2018 and 2019 taxes and in both cases used direct deposit. No direct deposit has shown up yet of course. When did you file your 2019 taxes? ...
by cherijoh
Thu Apr 16, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 26276

Re: IRS Get My Payment up and running

Site is broken when I tried. “Payment status not available” Seems from comments above and on Reddit this is a widespread glitch. No deposit in my account either (have always used DirectPay for taxes owed). I see info in the FAQ about identity verification. It didn’t ask any questions. I have a cred...
by cherijoh
Thu Apr 16, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 26276

Re: IRS Get My Payment up and running

I don't have my payment and site says: According to information that we have on file, we cannot determine your eligibility for a payment at this time. I filed 2018 and 2019 taxes and in both cases used direct deposit. No direct deposit has shown up yet of course. When did you file your 2019 taxes? ...
by cherijoh
Thu Apr 16, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 26276

Re: IRS Get My Payment up and running

If you're already receiving SS payments through direct deposit to your checking account, isn't this supposed to happened automatically? Do I have to fill out and submit that form with bank routing number, AGI, etc? Yes, you will get your payment automatically, but apparently not in the first wave o...
by cherijoh
Thu Apr 16, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 26276

Re: IRS Get My Payment up and running

I couldn't get it to work. I planned everything so we neither owed nor got a refund for 2019 and the page errs out. Will not allow neither refund nor balance due! So I used my 2018 info, had my return right in front me, but the IRS doesn't agree with the AGI or refund. Sheesh.. :confused See my oth...
by cherijoh
Thu Apr 16, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 26276

Re: IRS Get My Payment up and running

I just provided the IRS with my bank information at https://www.irs.gov/coronavirus/get-my-payment. I received a refund in 2018, but owed in 2019, so they should have had my bank information from 2018, but they didn't. Just needed SSN, DOB, and address to get in, and then AGI and payment/refund inf...
by cherijoh
Thu Apr 16, 2020 9:50 am
Forum: Personal Investments
Topic: I'm 20 and started a job, questions about savings
Replies: 9
Views: 865

Re: I'm 20 and started a job, questions about savings

I set up 50% of my paycheck to go into my Fidelity pre-tax 401k (in a TD 2065 fund) so that I can reach $19.5k ASAP (my expenses are extremely low since I'm living with parents and am single). One thing to check on is how your company calculates the match. At some companies this will be by paycheck...
by cherijoh
Wed Apr 15, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: When Does a Trust Become Worth It?
Replies: 71
Views: 6878

Re: When Does a Trust Become Worth It?

If a family is simply distributing assets upon death to family members in an uncomplicated fashion, then avoidance of probate is enough reason for a Revocable Trust. It dramatically simplifies settlement of any estate. For those who have complicated inheritance patterns or want to control distribut...
by cherijoh
Wed Apr 15, 2020 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Advice - Anesthesiologist threatening collections
Replies: 59
Views: 6125

Re: Advice - Anesthesiologist threatening collections

Need some advice. I had an endoscopy performed February 2019 at my local Gastroenterology office. My insurance was billed for the doctor's procedure and separately for the anesthesia. I started getting letters from the anesthesia company in June (3-4 a week, but we moved overseas to Europe and took...
by cherijoh
Tue Apr 14, 2020 11:23 am
Forum: Investing - Theory, News & General
Topic: What in the world is propping up this market?
Replies: 214
Views: 22319

Re: What in the world is propping up this market?

I know we Bogleheads aren't supposed to pay attention to market movements but I really am fascinated by the resiliency of this market. I mean, the economy is all but shut down folks. The market is supposed to price companies based on book value and projected earnings, so what does the market see in...
by cherijoh
Tue Apr 14, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: Is my hair dresser getting paid?
Replies: 13
Views: 1696

Re: Is my hair dresser getting paid?

I'm usually good for 50 bucks a month including tip to my hair dresser. I haven't had a chance to understand all the stimulus / unemployment insurance issues that have come up given Covid-19 because I've been in my own bubble of chaos. Before I give her a few hundred to prepay haircuts for the rest...
by cherijoh
Sun Apr 12, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: turbotax - first timer
Replies: 5
Views: 316

Re: turbotax - first timer

I always have used an accountant, but I have a simple tax situation, and was going to switch to turbotax. i have all my statements and tax forms. is turbotax updated for all the covid things, and, for the most part, is it ok to use it to file now, or do i wait until july? I file early if I am getti...
by cherijoh
Sun Apr 12, 2020 4:40 pm
Forum: Personal Investments
Topic: Early Pension is tempting me...
Replies: 28
Views: 3391

Re: Early Pension is tempting me...

If you take the pension, doesn’t your employer handover the 1.781m to an insurance company to give you your pension amount? If so, don’t you need to find out the stability/financial strength of the provider? No I don't think so. I am collecting a pension from a former employer and my pension checks...
by cherijoh
Sun Apr 12, 2020 3:10 pm
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 461
Views: 36631

Re: So what are you cooking

I discovered you can make a steak dinner in a slow cooker. This is great for me, because I don't have a grill. I put some olive oil in my slow cooker, then garlic and salt and pepper. Put the steak in. Wrap some chopped potatoes and carrots in aluminum foil, and put them on top. Cook for 3 hours on...
by cherijoh
Sun Apr 12, 2020 3:02 pm
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 461
Views: 36631

Re: So what are you cooking

Since we're on lock down, some things are in short supply. Pancetta being one of them, apparently. So I made SPAM spaghetti carbonara. :D I was in Hawaii about 10 years ago and it was Spam Week in Honolulu. I thought it was a joke, but apparently Spam is really popular in Hawaii. Personally, I pref...
by cherijoh
Sun Apr 12, 2020 2:36 pm
Forum: Personal Investments
Topic: Early Pension is tempting me...
Replies: 28
Views: 3391

Re: Early Pension is tempting me...

If you take the pension, doesn’t your employer handover the 1.781m to an insurance company to give you your pension amount? If so, don’t you need to find out the stability/financial strength of the provider? No I don't think so. I am collecting a pension from a former employer and my pension checks...
by cherijoh
Sun Apr 12, 2020 2:26 pm
Forum: Personal Investments
Topic: Early Pension is tempting me...
Replies: 28
Views: 3391

Re: Early Pension is tempting me...

What would be your savings in healthcare if you wait until age 65? What would be the total benefit $$$ gain if you wait until 65? How difficult would it be to wait until age 65? j :happy I think you missed this in the original post: -Full pension is distributed at age 60, but I can elect to receive...
by cherijoh
Sun Apr 12, 2020 2:01 pm
Forum: Personal Investments
Topic: Fidelity In Kind Rollover Issue
Replies: 31
Views: 1923

Re: Fidelity In Kind Rollover Issue

Last week I helped my wife rollover her old Fidelity 401k into a Fidelity IRA. Due to high market volatility, I confirmed multiple times that the transfer would be done in kind and received a yes. Today I noticed a large amount of cash in her IRA rather than the mutual funds owned in the 401k. Afte...
by cherijoh
Sat Apr 11, 2020 2:17 pm
Forum: Personal Investments
Topic: Fidelity In Kind Rollover Issue
Replies: 31
Views: 1923

Re: Fidelity In Kind Rollover Issue

Last week I helped my wife rollover her old Fidelity 401k into a Fidelity IRA. Due to high market volatility, I confirmed multiple times that the transfer would be done in kind and received a yes. Today I noticed a large amount of cash in her IRA rather than the mutual funds owned in the 401k. Afte...
by cherijoh
Sat Apr 11, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff - Am I crazy?
Replies: 81
Views: 6421

Re: Mortgage payoff - Am I crazy?

Do you (cherijoh) seriously think that both are going to be unemployed when both children are in college 1.5+ years from now?! It would be an absolutely absurd assumption to believe both would be unemployed, and there's zero reason to suspect even one will be unemployed 1.5+ year from now, other th...
by cherijoh
Sat Apr 11, 2020 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Tax deadline extended also for [amended returns]
Replies: 11
Views: 457

Re: Tax deadline extended also for [amended returns]

I tried to send a 2016 ammendment 2 weeks ago. Tracking shows not received. IRS doesn't answer calls Am I out of luck? Honestly, I have given up on tracking tax returns - it ALWAYS shows "not received". (Full disclosure - I efile Federal and mail in state). I spoke with a guy in the post ...
by cherijoh
Fri Apr 10, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff - Am I crazy?
Replies: 81
Views: 6421

Re: Mortgage payoff - Am I crazy?

I have zero qualms about OP taking that into consideration. Being employed is an incredibly reasonable assumption. Especially when one child is a high school junior. You're being ridiculously conservative. Seriously? The OP stated: My wife recently had her hours cut due to COVID-19 and my job is no...
by cherijoh
Fri Apr 10, 2020 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff - Am I crazy?
Replies: 81
Views: 6421

Re: Mortgage payoff - Am I crazy?

We have approx. $70k principal left in our mortgage (68 payments), with total interest remaining of $7500. Interest rate is 3.75%. We recently received an inheritance from my FIL, with approx. $120k of it being cash. He also left IRA’s & stocks that we’ll keep in the market for now and hope for...
by cherijoh
Fri Apr 10, 2020 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff - Am I crazy?
Replies: 81
Views: 6421

Re: Mortgage payoff - Am I crazy?

IMO with only 68 payments to go, you're going to have to pay this off one way or the other in less than six years. These are scary times, but it looks like you have enough liquidity (and keeping the rest as emergency fund sounds right). Could you borrow against the house if this doesn't work out? I...
by cherijoh
Fri Apr 10, 2020 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff - Am I crazy?
Replies: 81
Views: 6421

Re: Mortgage payoff - Am I crazy?

Not crazy at all. The 3.75% mortgage is roughly a tax-equivalent return of 4.75%. That alone is darn good when the stock market predictions for a decade have been 7%. It is also guaranteed return. That guarantee is worth some amount mathematically. I don't think 2% is an unreasonable amount for tha...
by cherijoh
Thu Apr 09, 2020 10:52 am
Forum: Personal Investments
Topic: Another Lump Sum vs Monthly Pension Question
Replies: 26
Views: 1485

Re: Another Lump Sum vs Monthly Pension Question

If there is no reason to assume that you and the joint survivor will lead shorter than average lifespans, I would approach this more like an asset allocation (or even bucketing) type exercise. If your goal for this portion of the portfolio is for safety and thus you would otherwise invest it in fix...
by cherijoh
Wed Apr 08, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 13461

Re: How are you going to use your stimulus money?

If I get money, I plan to give it away. There are people in true need so all I need to do is figure out where it will doo the most good. I'm with you Dottie. Since the only things I'm spending money on these days are insurance, utilities, medications and food, my spending is way down. I have alread...
by cherijoh
Wed Apr 08, 2020 5:08 pm
Forum: Personal Consumer Issues
Topic: Should I cancel my travel in France and Belgium in mid May?
Replies: 75
Views: 5853

Re: Should I cancel my travel in France and Belgium in mid May?

Cancel. I'm not even willing to go to game night in mid-May, so travel to another country is definitely off the table. +1 Right now our state's "stay at home" order runs through Apr 29, but I fully expect it to be extended until Memorial Day. If I do any travel at all this summer (which i...
by cherijoh
Sun Apr 05, 2020 3:47 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 80530

Re: Bogleheads community discussion - Coronavirus

How many people are going to cover their face when they go out for necessities? I hope everyone does. My son works in a necessary business that is open to the public. He was told he could wear a mask if he wants to, that protects the public more than it protects him. So far people entering the stor...
by cherijoh
Sun Apr 05, 2020 11:05 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 80530

Re: Has Covid-19 changed you?

Work however, has been a pretty decent change. I never used to do work from home days unless I was sick or had to be here if I wanted to be around when someone from my building's maintenance came in. I didn't think I was as productive, and part of that was technology enablers. The other part is I d...
by cherijoh
Sun Apr 05, 2020 10:31 am
Forum: Personal Investments
Topic: Quick question about contributing to IRA after filing taxes.
Replies: 8
Views: 552

Re: Quick question about contributing to IRA after filing taxes.

Yes the form is required since the IRS will want to know how the money got in the Roth (if you earn too much) and why you’re not paying taxes on the entire Roth conversion. (Your IRA year-end balances are reported to them each year. So are the contributions, recharacterization of contributions, con...
by cherijoh
Sat Apr 04, 2020 5:58 pm
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 258
Views: 22852

Re: What are you doing for haircuts due to coronavirus shutdown?

I've also ordered clippers from Amazon. Sounds like they'll arrive in a few weeks. My printer was on its last legs, so I ordered one last week on Amazon. The delivery date was listed as Apr 21st. I figured it was either people working from home buying all the printers or that Amazon was really behi...
by cherijoh
Wed Apr 01, 2020 4:30 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 58275

Re: How to get Toilet Paper ? seriously.

I would keep trying Lowes and Home Depot most people don't go there for toilet paper. I just looked ebay is loaded with it. Keep us updated on your hunt. I hope the scalpers reselling it on eBay at huge markups get stuck with a garageful of TP when the crisis is over. The stores where I shop have p...
by cherijoh
Wed Apr 01, 2020 4:06 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 58275

Re: How to get Toilet Paper ? seriously.

Wal-mart and Target were not selling it online when I checked. None in stores that I have been in lately. My local Wal-mart has grocery pick-up available. Usually you can schedule for the next day. A couple of days ago I checked and no pick-ups were available for several days out. Now website says ...
by cherijoh
Mon Mar 30, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 142
Views: 10223

Re: RMDs May Not Be Required for 2020

I don't think it's confusing at all. In the specific example I gave, if I take the RMD now and sell the shares in 2023, I'll have $9000 - $1899 = $7101 in my pocket in 2023. If I wait and take the IRA distribution in 2023, I will have $9000 - $2160 = $6840 in my pocket in 2023. This works because c...
by cherijoh
Mon Mar 30, 2020 7:58 am
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 142
Views: 10223

Re: IRS Suspends RMD

Bit of mess being too quick! In January I took QCDs, RMDs and had tax withheld. I do not want to reverse the RMDs. I did this early to simplify my taxes. Oh well. I think you are missing a key point. You took your QCDs and RMDs when the valuation was still high, so you withdrew a lot fewer shares t...
by cherijoh
Fri Mar 27, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 142
Views: 10223

Re: RMDs May Not Be Required for 2020

There was a question raised in the last hour or so... It asked if inherited IRAs are included in the exemption from taking an RMD this year. I found an opinion in Kiplingers' 3/27/20 issue which I quote below: "Distributions from inherited IRAs are not included in the waiver and will still nee...
by cherijoh
Fri Mar 27, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 142
Views: 10223

Re: RMDs May Not Be Required for 2020

There was a question raised in the last hour or so... It asked if inherited IRAs are included in the exemption from taking an RMD this year. I found an opinion in Kiplingers' 3/27/20 issue which I quote below: "Distributions from inherited IRAs are not included in the waiver and will still nee...
by cherijoh
Fri Mar 27, 2020 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: corona checks as a rebate on 2020 taxes?
Replies: 54
Views: 5203

Re: corona checks as a rebate on 2020 taxes?

I believe your understanding is correct. Here is a link and quote from a Washington Post article on this subject: What happens to people who earned too much in 2018 and 2019 but now lost their job? This is a really tough situation. Unfortunately, these workers are not eligible for $1,200 checks rig...
by cherijoh
Thu Mar 26, 2020 5:18 pm
Forum: Personal Consumer Issues
Topic: What is with the printer paper delivery times on Amazon?
Replies: 39
Views: 2459

Re: What is with the printer paper delivery times on Amazon?

Yesterday I discovered we are running very low on printer paper. Normally we don't use much, but guess what, homeschooling involves printing some assignments. To my great surprise I couldn't find any paper, any brand on Amazon that could be delivered earlier than 1 month from now. I ordered for Apr...
by cherijoh
Thu Mar 26, 2020 4:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15158
Views: 1168615

Re: New Bull Market!

This is somewhat funny, but the DOW just hit a bull market. Today's close is up 21.3% from Monday's close. S&P still a couple % away. If the doomsdayers are right, maybe it'll be the shortest bull market ever, which we could facetiously dub The Great Coronavirus Bull Market of March 2020. Or it...
by cherijoh
Wed Mar 25, 2020 8:06 pm
Forum: Personal Consumer Issues
Topic: Costco Senior hour Tue and Thur
Replies: 70
Views: 5989

Re: Costco Senior hour Tue and Thur

we have that at our local giant (and it's for anyone who's immuno compromised). I just heard today that costco is also (in some states) allowing only 25 people in the store at a given time. Brilliant. They will just stand 6 inches apart in a line outside. The Trader Joes is also limiting how many p...
by cherijoh
Wed Mar 25, 2020 8:01 pm
Forum: Personal Consumer Issues
Topic: Costco Senior hour Tue and Thur
Replies: 70
Views: 5989

Re: Costco Senior hour Tue and Thur

I had been planning to go to Costco this week after 10 days since last going out for groceries. As I approached the store around 7:45AM, I could see that the parking lot was as crowded at a Saturday during holiday shopping season. Turned around and came home. I intend to venture out shortly after n...