Search found 1420 matches

by earlyout
Sun Mar 04, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to recover 2016 income tax inappropriately withheld?
Replies: 7
Views: 507

Re: How to recover 2016 income tax inappropriately withheld?

Did your mother report the $5000 income and the $1000 income tax withheld on her income tax return for TY2016? If she did, there is no $1000 to recover since it was taken care of in that return. If she did not include them, she will need to file an amended return for 2016 and include the income and/...
by earlyout
Fri Feb 23, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 7387

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

Besides the POA for healthcare you might want to discuss and document how you would like to be taken care of as your dementia progresses. Guides for such end-of-life discussions are available -- "The Conversation Project" (use Google) and www.dementia-directive.org. I am not affiliated with either b...
by earlyout
Tue Feb 20, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Capital Gains for two states
Replies: 3
Views: 442

Re: Capital Gains for two states

You should also study the instructions for the state income tax returns. Different states may not treat capital gain the same.
by earlyout
Tue Feb 13, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Question for TaxAide Volunteers
Replies: 10
Views: 1296

Re: Question for TaxAide Volunteers

When I was preparing the return for a Tax-Aide client yesterday it was a pleasant surprise to have carryover data from his last year's Tax-Aide return. The return from last year had not been done at our site but was from a different district in the same state. I was also surprised when there was no ...
by earlyout
Sat Feb 10, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Playing with Excel Pie Charts: Asset Allocation Visualizer
Replies: 19
Views: 5646

Re: Playing with Excel Pie Charts: Asset Allocation Visualizer

[/quote] You might consider a slice for cash.. retired people can easily keep a meaningful slice of cash, money market & cash like CD's. [/quote] We often talk about AA as a simple ratio of fixed income and equities -- 60/40, 50/50 etc. Since there is an extra ring for the bond sector why not use "F...
by earlyout
Tue Jan 30, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone negotiated a medical bill to see a specialist?
Replies: 19
Views: 2018

Re: Has anyone negotiated a medical bill to see a specialist?

The op states the specialist will take insurance so the first thing to do is to check if the specialist will take the op's insurance. If so, the op should pay his copay at the time of the visit and have the specialist submit the remaining amount to the insurance company. After the op receives the EO...
by earlyout
Mon Jan 29, 2018 2:23 pm
Forum: Personal Investments
Topic: 1099R error?
Replies: 6
Views: 698

Re: 1099R error?

I completed a return yesterday with a code 2 1099R distribution for converting a Vanguard traditional IRA to Roth. TurboTax handled it correctly by including the distribution in taxable income and not including a penalty for early withdrawal.
by earlyout
Thu Jan 25, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: Bait-and-switch pricing. Where can I file complaint?
Replies: 17
Views: 2738

Re: Bait-and-switch pricing. Where can I file complaint?

You might want call Clark Howard's help line to get some advice with this problem. They handle a lot of travel questions. From Google: "Clark’s FREE call-in help line is here to provide you with personal consumer advice and problem resolution. Call the Consumer Action Center at 404-892-8227, Monday-...
by earlyout
Tue Jan 23, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Family dilemma involving wills/trusts
Replies: 24
Views: 3087

Re: Family dilemma involving wills/trusts

If you want to sever the relationship with your brother you will need to see an elder law attorney and ask about obtaining guardianship of your mother. It can be a messy process.
by earlyout
Thu Jan 18, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: CPA says home sale capital gains tax exclusion criteria changed for 2018?
Replies: 13
Views: 1896

Re: CPA says home sale capital gains tax exclusion criteria changed for 2018?

The 5 of 8 year idea was talked about but is not part of the new law. It is still 2 of 5. See -- https://www.washingtonpost.com/news/where-we-live/wp/2017/12/20/how-the-tax-bill-impacts-homeowners-buyers-and-sellers/?utm_term=.be958004dce0 or https://wtop.com/business-finance/2018/01/what-the-new-ta...
by earlyout
Mon Jan 08, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: Roth conversions after start of SS benefits for low expense couples [2018 version]
Replies: 18
Views: 3936

Re: Roth conversions after start of SS benefits for low expense couples [2018 version]

Will the Roth conversions increase the amount of SS that is taxed? You may have to adjust the size of the Roth conversion to avoid all taxes.
by earlyout
Tue Jan 02, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Switching power of attorney
Replies: 19
Views: 1257

Re: Switching power of attorney

Okay. Does your state require separate documents or can they be combined? Oftentimes the agent named in one's healthcare POA is not the same person as the agent named in the financial POA.
by earlyout
Tue Jan 02, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Switching power of attorney
Replies: 19
Views: 1257

Re: Switching power of attorney

Whichever you chose to do, he will have to sign it in front of a notary. So make sure your brother understands what is happening beforehand and has a photo ID. Another place you might want to check to see if you were already designated as a back-up is to call his primary care doctor who should have...
by earlyout
Sun Dec 31, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Making Roth Conversion Today - how will it be treated?
Replies: 30
Views: 2267

Re: Making Roth Conversion Today - how will it be treated?

Given that the recharacterization is going away, any thoughts on a strategy to better predict what the year end distributions will be, given that some will be declared on the last day of trading? Estimate as close as you can as late in the year as possible. Then don't worry about a $1,000 shortfall...
by earlyout
Sat Dec 30, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should those who prepaid property tax, get a refund?
Replies: 5
Views: 1016

Re: Should those who prepaid property tax, get a refund?

Did the assessment have a date on it? The assessment you found online is probably the 2017 assessment which was used to create this years tax bill. As the lady implied, your property will be reassessed in 2018 and that will be the basis of you tax bill for 2018. Just because you see an assessment on...
by earlyout
Sun Dec 24, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Cliff dwellers: Don't forget to increase taxable dividend income by foreign taxes paid
Replies: 22
Views: 2780

Re: Cliff dwellers: Don't forget to increase taxable dividend income by foreign taxes paid

In this regard, how can I get a good estimate of the capital gain distributions that will be paid by VTI and IJS? Also, is there a date associated with payment of capital gain distributions or can I assume it is a fixed percentage of the quarterly dividends? Since it has been a boom year for equitie...
by earlyout
Tue Dec 12, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Relo Expenses Tax Question for remote
Replies: 3
Views: 575

Re: Relo Expenses Tax Question for remote

Life is all about choices.

Suggest you post your question on the Fairmark forum at fairmark.com. Fairmark is a tax forum and you can usually get good answers fairly quickly.
by earlyout
Tue Dec 12, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare coverage process for new and rare treatment
Replies: 7
Views: 923

Re: Medicare coverage process for new and rare treatment

Suggest you first call Medicare and talk to them about whether or not they pay for the procedure and how much they pay. If they do, your second call is to the provider for this procedure to find out if they accept Medicare assignment for the procedure. Also ask if the auxiliary providers -- hospital...
by earlyout
Tue Dec 12, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Relo Expenses Tax Question for remote
Replies: 3
Views: 575

Re: Relo Expenses Tax Question for remote

Get married by the end of the year and the problem goes away.
by earlyout
Sat Nov 25, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: bitcoin mining profits tax treatment?
Replies: 6
Views: 1055

Re: bitcoin mining profits tax treatment?

Have you converted the bitcoin to dollars or is this a "paper" profit? If you haven't converted the bitcoin there may be no tax consequences (yet).
by earlyout
Sun Nov 05, 2017 8:07 am
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 289
Views: 64724

Re: Excel Macro using Yahoo Finance- not working

I've used Excel to pull prices of my portfolio holdings for several years. When Yahoo changed their calling sequence last spring I modified my portfolio program based on Gummy's calling sequence to use the Excel routines for Yahoo data provided by XLAutomation. (Please read past the first page since...
by earlyout
Fri Nov 03, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: Withdrawing cash from ATM in Ireland this morning
Replies: 13
Views: 1729

Re: Withdrawing cash from ATM in Ireland this morning

Thanks all for the feedback! I just called Wells Fargo and they said that they had observed the cash withdrawal attempt earlier and flagged it because it was over the limit. I am all set now. Thanks! You might want turn on alerts in your Wells Fargo account. Wells Fargo is pretty good at sending em...
by earlyout
Sat Oct 21, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Water damage from upstairs neighbor - insurance, subrogation, other recourse?
Replies: 53
Views: 17526

Re: Water damage from upstairs neighbor - insurance, subrogation, other recourse?

Be aware that state condominium and insurance law governs who is responsible for your damage in cases like this. I live in Georgia and on three occasions I have had water damage from condo units above mine. In each case I would have had to prove negligence on the part of my upstairs neighbors or neg...
by earlyout
Tue Oct 17, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Toilet Woes
Replies: 46
Views: 6771

Re: Toilet Woes

The water valve in the tank opens immediately when you flush. The higher flow from the supply during the flushing cylcle causes more water to be used for each flush resulting in the improved performance.
by earlyout
Tue Oct 17, 2017 6:07 am
Forum: Investing - Theory, News & General
Topic: Roth as good as you think?
Replies: 29
Views: 4417

Re: Roth as good as you think?

The Wiki does the same calculation (and confirms your result) here: https://www.bogleheads.org/wiki/Traditional_versus_Roth So it really does come down to tax bracket at contribution versus tax bracket at withdrawal. The issue that is sometimes over-looked is that RMDs can easily push retirees into...
by earlyout
Sat Oct 14, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! 2016 taxes down to the wire: form 1116 help
Replies: 25
Views: 1723

Re: HELP! 2016 taxes down to the wire: form 1116 help

Does taxact let you look at form 1040? Line 48 will be the amount of ftc. What is it? I would think taxact would include form 1116 if required. Line 48 says 308. Okay, so Taxact is completing the return giving you credit for the entire $308 you paid. I would trust Taxact to handle it correctly and ...
by earlyout
Sat Oct 14, 2017 1:50 pm
Forum: Personal Consumer Issues
Topic: Using recent Quicken versions standalone
Replies: 5
Views: 1374

Re: Using recent Quicken versions standalone

I've used Quicken at least weekly for the past 12 years for tracking household expenses and reconciling credit card and bank accounts. I have never downloaded anything and do not store anything on their "cloud". About a year ago, for support reasons, I migrated from Quicken 2013 to 2016. Then sudden...
by earlyout
Sat Oct 14, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! 2016 taxes down to the wire: form 1116 help
Replies: 25
Views: 1723

Re: HELP! 2016 taxes down to the wire: form 1116 help

Married Filing Joint allows $600 of foreign tax credit w/o 1116, single filing allows only $300. Since all of your foreign tax was reported on your 1099 from mutual funds/ETFs, there is no need for the F1116. I'm guessing you are filing a joint return so Taxact includes the total credit and does not...
by earlyout
Sat Oct 14, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! 2016 taxes down to the wire: form 1116 help
Replies: 25
Views: 1723

Re: HELP! 2016 taxes down to the wire: form 1116 help

Does taxact let you look at form 1040? Line 48 will be the amount of ftc. What is it? I would think taxact would include form 1116 if required.
by earlyout
Fri Oct 13, 2017 4:14 pm
Forum: Personal Consumer Issues
Topic: Anyone Ever Jackhammered a Concrete Patio?
Replies: 27
Views: 2325

Re: Anyone Ever Jackhammered a Concrete Patio?

Does your $1500 include the cost of a permit, front loader, waste disposal and landfill fees for getting rid of the broken up concrete?
by earlyout
Fri Oct 13, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: IRMAA, MAGI and ROTH Conversion
Replies: 4
Views: 715

Re: IRMAA, MAGI and ROTH Conversion

Plus one on the recharacterization option to avoid IRMAA. I'll make a generous estimate on the amount and convert that to Roth this year. When I finalize my 2017 tax return next year, I'll recharacterize some of the conversion if necessary. Remember to make your conversion this year into an empty or...
by earlyout
Fri Oct 06, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 4292

Re: Circumstances in which a freeze needs to be lifted

Your current address is part of your identity so the credit agencies insist that you update your records with your current address. Your current address helps the agencies verify that a credit request is valid. If you apply for a new credit card after you move, would you put your old address or your...
by earlyout
Thu Oct 05, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Capital Gains - 0%
Replies: 6
Views: 1060

Re: Long Term Capital Gains - 0%

My apologies, you are correct. LTCG rate is 15%.
by earlyout
Thu Oct 05, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Capital Gains - 0%
Replies: 6
Views: 1060

Re: Long Term Capital Gains - 0%

You are essentially correct but lets try to avoid confusion with income tax terms. In this example, your AGI is W2 income + net capital gain (long term and short term) + interest less the adjustment for the amount contributed to your 401K ($52,000 + 2462 + 1000 -11,000 = $44,462). Your Taxable Incom...
by earlyout
Sat Sep 16, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: saving an edited pdf file?
Replies: 14
Views: 1119

Re: saving an edited pdf file?

You might want to try to save it with a different name. It may be that you can't overwrite the file sent by Schwab. After you save it you can send it back to Schwab.
by earlyout
Tue Sep 05, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Installing Recessed lighting? Suggestions and cost?
Replies: 7
Views: 998

Re: Installing Recessed lighting? Suggestions and cost?

If there are no ceiling lights now then the electrician will have to add the wiring for the light fixtures and wall switche(s) needed. This may may require cutting considerably more drywall than just the 4 holes in the ceiling. The drywall will then have to be repaired and the walls and ceiling repa...
by earlyout
Fri Sep 01, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Maximum Medical Deduction
Replies: 9
Views: 1549

Re: Maximum Medical Deduction

You may also want to do what I've been doing and use the the large LTC expense deduction to convert more of your traditional IRA to Roth. You should be able to convert a fairly large amount at 15% and still stay under the IRMAA threshold. This will reduce my RMDs when I will be filing as a single ta...
by earlyout
Thu Aug 31, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Best practices for moving a family/stuff long distance. Any warnings?
Replies: 29
Views: 2502

Re: Best practices for moving a family/stuff long distance. Any warnings?

It is probably less expensive to move something than it is to replace it. Not if you are ok buying on Craiglist, OfferUp, et al. Bring the essentials, sell the rest. So if we can replace our used stuff with other used stuff, this is probably more cost effective than either a. moving our stuff or b....
by earlyout
Thu Aug 31, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: Best practices for moving a family/stuff long distance. Any warnings?
Replies: 29
Views: 2502

Re: Best practices for moving a family/stuff long distance. Any warnings?

Apparently this is not a corporate move but I would still hire a national moving company and let them pack and unpack for you. Purchase full replacement insurance and have the movers pack and unpack your goods to eliminate the arguments you can't win about who is responsible for damage and the repai...
by earlyout
Fri Aug 25, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: IRS CP2000 Tax Bill Letter - Please Help
Replies: 32
Views: 3275

Re: IRS CP2000 Tax Bill Letter - Please Help

Any taxes would have been withheld by the firm making the distribution of the 401K which in this case was not Vanguard. It sounds like you instructed Vanguard to add the money to a Roth account and that is what they did.
by earlyout
Thu Aug 03, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow Benefit Question (urgent)
Replies: 27
Views: 2799

Re: Social Security Widow Benefit Question (urgent)

Could this be the result of their respective payment schedules being a couple of weeks apart? Perhaps the first payment was on the surviving spouse's regular Wednesday and the second payment on the deceased spouse's Wednesday?
by earlyout
Mon Jul 31, 2017 5:12 pm
Forum: Personal Consumer Issues
Topic: Dinner plates that do not get so hot after microwaving?
Replies: 44
Views: 26248

Re: Dinner plates that do not get so hot after microwaving?

Paper plates work quite well, they only get hot where the food is. And you don't have to clean them.
by earlyout
Sun Jul 09, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody retired and relocated + bought a new house?
Replies: 26
Views: 3244

Re: Anybody retired and relocated + bought a new house?

The capital gain exclusion for a married couple filing a joint return is $500K ($250 per person) so you should be okay on this. After we retired in 2001 we bought a house in our new retirement city with cash from selling our then current home. Five ears later I was offered a no cost HELOC at a minim...
by earlyout
Sun Jul 02, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to dispute/correct IRS bill
Replies: 18
Views: 2365

Re: Best way to dispute/correct IRS bill

Look at lines 9a and 9b of your 2015 return. Line 9b should be the total of your qualified dividends (based on your comments the IRS accepts that entry). The entry on line 9a should be the total of your qualified dividends (line 9b) and any other dividends you received. Details of dividends received...
by earlyout
Sat Jul 01, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: A plan for retirement withdrawal--opinions, please
Replies: 20
Views: 3325

Re: A plan for retirement withdrawal--opinions, please

Before you get too emotionally invested in a plan for 3 year smoothing of a 5% annual withdrawal you should read about the Variable Percentage Withdrawal scheme developed by a Boglehead. It is explained in the BH Wiki. Go there and search for VPW.
by earlyout
Wed Jun 21, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: Insurance snafu with sewer line break at condo
Replies: 31
Views: 8038

Re: Insurance snafu with sewer line break at condo

Your best source of information is your insurance agent. As suggested, ask which insurance company would cover this type of damage and if there are any other coverage gaps between your homeowner's policy and the association's master insurance policy. Also be aware that insurance coverage for this ty...
by earlyout
Tue Jun 20, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Liability with dogs, hypothetical
Replies: 67
Views: 7086

Re: Liability with dogs, hypothetical

We had a relevant incident with our pit mix. A neighbor was on our property after asking permission to join our yardsale. His kid entered our house without permission and came out crying claiming our dog bit him. No witnesses, no history of aggression but there was a small scrape. The father threat...
by earlyout
Thu Jun 15, 2017 3:45 pm
Forum: Forum Issues and Administration
Topic: How do you get this Bogleheads page to go all the way across the screen
Replies: 11
Views: 5039

Re: How do you get this Bogleheads page to go all the way across the screen

Are you asking about changing the font size or changing the location of the line breaks? Ctrl + / Ctrl - change the font size but do not change the line breaks. I do not know of a way to keep the same size font and make each line longer so that you take advantage of a wider screen and have much more...
by earlyout
Thu Jun 15, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: Cataracts & reading glasses
Replies: 31
Views: 4584

Re: Cataracts & reading glasses

It is perfectly reasonable to expect to read without glasses after cataract surgery. I had my second cataract surgery a month ago and the first surgery 6 months ago. After discussion with my ophthalmologist we decided to use the standard (Medicare pays) lenses optimized for an intermediate distance....
by earlyout
Thu Jun 08, 2017 8:05 am
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 6291

Re: Retirees: What are you doing about withdrawing?

For the past 15 years, since I have been retired, my practice has been to replenish the checking account 2-3 times a year as the need arises. One of these times is when I take the RMD from my IRA and all occasions are accompanied by rebalancing to our desired asset allocation. Our expenses vary cons...