Search found 385 matches

by bnes
Tue Sep 27, 2016 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Resource for dealing with dependent adult children
Replies: 14
Views: 2475

Re: Resource for dealing with dependent adult children

Jill07 wrote:Please check online at nami.org for a support group.Jill
Trying. None close enough for my parents to visit unfortunately.
by bnes
Tue Sep 27, 2016 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Resource for dealing with dependent adult children
Replies: 14
Views: 2475

Re: Resource for dealing with dependent adult children

Anyone have ideas: where could I meet others, hear other stories, of families dealing with dependent adult children? If there is a named condition, perhaps there is a support group specific for that. RM The individual is not interested in seeking a diagnosis. Cash payments have kept her off the str...
by bnes
Mon Sep 26, 2016 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of primary residence to trust: but preserve California Prop 13 Tax Assessment
Replies: 0
Views: 319

Transfer of primary residence to trust: but preserve California Prop 13 Tax Assessment

My parents are over 80, and looking for various reasons to place and manage their primary residence in a trust. California has set of hereditary wealth transfer laws that give significant reductions in property tax if wealth is passed on to descendants. The laws in question are propositions 58 and 1...
by bnes
Fri Sep 23, 2016 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Resource for dealing with dependent adult children
Replies: 14
Views: 2475

Re: Resource for dealing with dependent adult children

Anyone have ideas: where could I meet others, hear other stories, of families dealing with dependent adult children?
by bnes
Thu Sep 22, 2016 1:29 am
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 85
Views: 14203

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

I use the EE's for my "emergency fund". Now, that's a fund I have very low risk of ever needing, due to ample other resources. As such, it works for me.
by bnes
Thu Sep 22, 2016 1:03 am
Forum: Personal Consumer Issues
Topic: Advice on Smoke Detectors
Replies: 14
Views: 1950

Re: Advice on Smoke Detectors

If it's a small condo, does the HOA take care of life safety? You really want to get this fixed. A simple voltmeter can tell you if the wires up there are hot. You want to test the detectors: press one, see if the others beep. Swap several units and see if the problem is the detector or the ceiling ...
by bnes
Thu Sep 22, 2016 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Threshold for pre-notifying credit card companies?
Replies: 40
Views: 4706

Re: Threshold for pre-notifying credit card companies?

It all seems pretty random these days. Usually though you can call directly from the register and get the thing unblocked with minimal delays. Also some banks text, and you can get it cleared up in a minute or two without speaking with anyone. Your 'profile' is a computer algorithm: no single thresh...
by bnes
Thu Sep 22, 2016 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Contribution to satisfy RMD
Replies: 43
Views: 4119

Re: Contribution to satisfy RMD

Hold on, what's the tax benefit of the QCD?

With it, the withdrawl of IRA funds goes on line 15a.
Without it, the withdrawal of IRA funds becomes part of gross income, but offset by the charitable deduction.

Is it all the same, for those itemizing anyway?
by bnes
Wed Sep 21, 2016 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Resource for dealing with dependent adult children
Replies: 14
Views: 2475

Re: Resource for dealing with dependent adult children

OP here: The real question here is what trust conditions have worked for others/might work here? For example: a subsidy for work, perhaps providing a fiscal incentive to gain outside income. Or an incentive/penalty related to medications or other interventions for the metal health issues. I know how...
by bnes
Wed Sep 21, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Resource for dealing with dependent adult children
Replies: 14
Views: 2475

Resource for dealing with dependent adult children

I'm seeking resources or just stories from others who have managed issues surrounding a fiscally dependent adult child, post the death of parents. In this case, she has a pile of related issues: Unpaid pills. Negative credit score. No credit. No bank account. A history of unpaid or late property tax...
by bnes
Wed Sep 21, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Parents over 80: End of life tax strategies?
Replies: 16
Views: 3260

Re: Parents over 80: End of life tax stragegies?

The RMDs pushing to 25% Federal tax bracket may materially change advice you have already been given. I suggest you edit your original post to reflect this important fact. If I understand you correctly, they are likely in the 25% Federal tax bracket due to RMDs. They are at the margin: just a bit m...
by bnes
Wed Sep 21, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 1526

Re: Do I go for 0% down, no PMI, on a mortgage in SF?

I'd say run, don't walk, to an Independent mortgage broker. Shop around. That sure sounds like a sucker loan, don't be a sucker.
With your timeframe in mind some up front fees are probably worth it. Be sure to calculate all the fees: taxes, HOA fees, parking spot lease, etc.
by bnes
Wed Sep 21, 2016 11:50 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2718
Views: 532926

Re: What's Your Credit Card Rewards Strategy?

My primary goal is simplicity, so I use the Amazon card for Amazon and maybe a restaurant or two, and Citi Double Cash for everything else.
I maintain separate cards for general, work and homowner expenses ( a percentage of which are home office deductible).
by bnes
Thu Aug 18, 2016 2:18 am
Forum: Investing - Help with Personal Investments
Topic: AA - Knowing the answer but reluctant to get there
Replies: 9
Views: 1317

Re: AA - Knowing the answer but reluctant to get there

Are you better at market timing than professional full time investors?
I doubt it. As long as your time horizon is 10+ years, get things in balance and be happy.
by bnes
Thu Aug 18, 2016 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Gifting whole estate in life
Replies: 77
Views: 5732

Re: Gifting whole estate in life

Claw back. To the extent VA/Medical benefits are received, this could be a classic case for the state clawing back the funds spent.
Overall: you've described the need for a trust.
by bnes
Thu Aug 18, 2016 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Parents over 80: End of life tax strategies?
Replies: 16
Views: 3260

Re: Parents over 80: End of life tax stragegies?

Bob's not my name wrote:Survivor gets full pension?
Yes, survivor gets full pension. Only an annuity or two drops out. RMD's will likely push marginal to the 25% Federal bracket.
by bnes
Mon Aug 15, 2016 1:08 pm
Forum: Personal Consumer Issues
Topic: Try to Fix Old LED TV or Buy New
Replies: 57
Views: 4942

Re: Try to Fix Old LED TV or Buy New

Yes, some things can't be repaired. But many things can. See http://ifixit.org/pledge
by bnes
Mon Aug 15, 2016 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Parents over 80: End of life tax strategies?
Replies: 16
Views: 3260

Re: Parents over 80: End of life tax stragegies?

OP here: I'm working on taking a messy set of documents and scribbled notes into a proper will. Current pension is enough for living expenses, so the risk of the stock component is not great. Good point that the tax headroom with drop when a joint filing becomes a single filing. Is there an online c...
by bnes
Fri Aug 12, 2016 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Parents over 80: End of life tax strategies?
Replies: 16
Views: 3260

Re: Parents over 80: End of life tax stragegies?

OP here: I'm thinking definitely don't touch the appreciated stocks, because of the "opposite of death tax" that basis step up provides. And perhaps withdraw from the TIRA up to the 10% or even 15% income limit. A little bit (few hundred) could I think even be put back into a Roth, as there is taxab...
by bnes
Thu Aug 11, 2016 1:12 pm
Forum: Personal Consumer Issues
Topic: Try to Fix Old LED TV or Buy New
Replies: 57
Views: 4942

Re: Try to Fix Old LED TV or Buy New

You can give your old TV to a local repair shop. They can likely fix it and resell it at (barely) enough profit. You can support iFixit and take the repair pledge at http://ifixit.org/pledge Or watch this video https://www.youtube.com/watch?v=dMwLUnd_ydI#action=share Your TV likely died due to one o...
by bnes
Thu Aug 11, 2016 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Going short to negate going long [socially responsible investing]
Replies: 59
Views: 4082

Re: Going short to negate going long [socially responsible investing]

Let's just pretend for a moment that a lot of investors started shunning "window cleaner" stocks. What would happen? The stocks would become really cheap, but someone would buy them and keep the excess returns. Nothing in the world would get better (or worse). Venture capital is somewhat different, ...
by bnes
Thu Aug 11, 2016 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Additional 10k - Roth, 529 or Mortgage
Replies: 9
Views: 1010

Re: Additional 10k - Roth, 529 or Mortgage

Your marginal tax bracket? do you itemize? The mortgage interest tax subsidy shifts these numbers.
by bnes
Thu Aug 11, 2016 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Is there any way to cash out or unwind a non-deductible traditional IRA (Form 8606)?
Replies: 4
Views: 603

Re: Is there any way to cash out or unwind a non-deductible traditional IRA (Form 8606)?

Basis is likely under-reported. Recent years are consistent.
How is an IRA with non-deductible amounts handled after inheritance? Does form 8606 just keep getting filed each year until the IRA is zeroed out?
by bnes
Thu Aug 11, 2016 1:21 am
Forum: Personal Consumer Issues
Topic: Try to Fix Old LED TV or Buy New
Replies: 57
Views: 4942

Re: Try to Fix Old LED TV or Buy New

Here's a guide to identifying bulged (failed) capacitors: http://www.crovean.net/how-to-identify-bad-capacitors Repair is an almost dead art. Almost. But places do exist: https://www.yelp.com/biz/alpha-tv-and-electronics-oakland?osq=Alpha+TV+and+Electronics+in+Oakland Bulged capacitors are an easy f...
by bnes
Thu Aug 11, 2016 1:10 am
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 105
Views: 31486

Re: HSAs in California

The main bummer I've found is that the HSA custodians are not California aware, so they don't report out the gains that California filers need :annoyed It's not that big of a deal to keep track of this on your software. I've been doing this for many years and the hassle-factor is very small in the ...
by bnes
Thu Aug 11, 2016 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Parents over 80: End of life tax strategies?
Replies: 16
Views: 3260

Parents over 80: End of life tax strategies?

Background: Parents both over 80, one with cancer that is likely terminal. Long term care insurance in place. Full pension in place. Full health insurance in place and paying 100% of costs. TIRA. Roth. Taxable stock investments with substantial unrealized gains. Home, fully paid off, with substanti...
by bnes
Wed Aug 10, 2016 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Is there any way to cash out or unwind a non-deductible traditional IRA (Form 8606)?
Replies: 4
Views: 603

Is there any way to cash out or unwind a non-deductible traditional IRA (Form 8606)?

My parents are both long retired, and receiving required minimum distributions from a hodgepodge of retirement vehicles. They each have a mix of deductible non-deductible contributions in a Traditional TIRA. Record keeping is shaky: in recent years form 8606 has been filed, and the non-deductible ba...
by bnes
Wed Aug 10, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 105
Views: 31486

Re: HSAs in California

The main bummer I've found is that the HSA custodians are not California aware, so they don't report out the gains that California filers need :annoyed
by bnes
Wed Aug 10, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Parents TOO frugal - leave it be???
Replies: 34
Views: 4825

Re: Parents TOO frugal - leave it be???

Maybe they can offer to pay for a new roof for the building. Less chance of opening a can of worms, than asking for the owners to do it.

My parents want to stay in the home they've been in. Place is a powerful concept: they could easily wither after moving.
by bnes
Mon Jul 25, 2016 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Depreciation re-capture on death of owner? Home office/partial rental property.
Replies: 1
Views: 237

Depreciation re-capture on death of owner? Home office/partial rental property.

What happens to re-capture of deprecation of real property, on the death of the owner? I'm speaking of the potential re-capture of depreciation due to the home office deduction, or use of part of the property as income producing rental property. In the case of the home office deduction, IRS rules re...
by bnes
Fri Apr 22, 2016 3:18 am
Forum: Investing - Help with Personal Investments
Topic: Please help a Bogle Newbie Make Final Selections & Ratios
Replies: 37
Views: 2744

Re: Please help a Bogle Newbie Make Final Selections & Ratios

"Sigfig" among other websites, can help you tabulate all your investments over time, and see what your real mix in stocks/bonds/non-use is....
by bnes
Wed Apr 20, 2016 11:08 am
Forum: Personal Consumer Issues
Topic: Want to buy a home safe - advice?
Replies: 37
Views: 4578

Re: Want to buy a home safe - advice?

A lot of home safes end up going unused: they're too much trouble. So perhaps "pretotype" the safe: get a generic lockable cabinet and pretend it's your safe for a while. You may figure out there's actually a better spot, or that you need two smaller safes rather than one big one. -- Also keep in mi...
by bnes
Wed Apr 20, 2016 2:42 am
Forum: Personal Consumer Issues
Topic: Verizon Made A Mistake, Now My Plan Is Gone Forever.
Replies: 9
Views: 2778

Re: Verizon Made A Mistake, Now My Plan Is Gone Forever.

Ok, do you NEED Verizon's network?
Some people really do, nothing else works.
Others can hit the $10/month with a different carrier or MVNO carrier.
by bnes
Wed Apr 20, 2016 2:18 am
Forum: Investing - Theory, News & General
Topic: Series EE bonds as holder for emergency funds
Replies: 9
Views: 1717

Re: Series EE bonds as holder for emergency funds

Reponses [*] On short term bonds vs. inflation, see http://www.marketwatch.com/story/dont-expect-short-term-bond-funds-to-keep-up-with-inflation-2015-05-27 [*] Good points on I-Bonds, relative to lower withdrawal penalty [*] EE-Bond liquidity does not seem like much of an issue to me. Though I live ...
by bnes
Mon Apr 18, 2016 2:08 pm
Forum: Investing - Theory, News & General
Topic: Series EE bonds as holder for emergency funds
Replies: 9
Views: 1717

Series EE bonds as holder for emergency funds

The wiki mentions various places to keep emergency funds: https://www.bogleheads.org/wiki/Emergency_fund But not Series EE bonds. I'm considering adding the EE choice to the wiki page and am seeking comments. Now it's not for everyone. Basically I have a low chance of ever needing to draw from my em...
by bnes
Mon Apr 18, 2016 2:01 pm
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 13738

Re: What are Pros and Cons to the "Four Hour Workweek?"

To be specific, how on earth can a business of selling yoga mats on Amazon "run itself?" Somebody's got to write up the product descriptions, take the pictures of the mats and put them in the descriptions, take the orders, pack the mats, ship them, handle the returns and the complaints and the char...
by bnes
Thu Sep 24, 2015 11:57 am
Forum: Personal Consumer Issues
Topic: Free Windows 10 Upgrade, Yes or No?
Replies: 533
Views: 78592

Re: upgrade to Windows 10?

As a surface tablet user, I found Windows 10 was a clear win over Windows 8.
It resolves the awkward stress between tablet operation and desktop operation, and restores a version of the "start" menu.
Everything just worked under Windows 10, it was a very smooth transition.
by bnes
Thu Sep 24, 2015 4:19 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for Transfer/Rollover of HSA, for California Residents
Replies: 4
Views: 610

Re: Strategy for Transfer/Rollover of HSA, for California Residents

"Fortunately" California treats capital gains the same as ordinary income. The new custodian does not offer the same funds, so I can't make a true in-kind transfer. The original custodian will liquidate (they charge $75 for trustee transfers, $0 for account closure). For California do I: 1) Realize ...
by bnes
Thu Sep 24, 2015 3:11 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for Transfer/Rollover of HSA, for California Residents
Replies: 4
Views: 610

Strategy for Transfer/Rollover of HSA, for California Residents

How do I treat taxes and cost basis, when switching HSA custodians, for a California resident? In this case moving from Saturna Capital to an existing Optum Bank account (Saturna offers low hassle "non-bogglish" mutual funds, plus a more hassle brokerage account. Optum offers Admiral Shares of the V...
by bnes
Thu Sep 24, 2015 2:45 am
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 105
Views: 31486

Re: HSAs in California

For a California resident HSA, if the mutual fund I bought in the HSA has DRIP, do I realize the dividend gain right away, or when the fund is eventually sold?
by bnes
Fri Aug 21, 2015 2:48 am
Forum: Personal Finance (Not Investing)
Topic: Comparison Shopping Homeowner's Insurance
Replies: 8
Views: 1589

Comparison Shopping Homeowner's Insurance

Are there tools or websites available to help comparison shop for Homeowner's Insurance? Note: comparison sites are common in Auto insurance.
Or independent brokers? I've searched for same and not found them.
by bnes
Fri Aug 14, 2015 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Selling older home with old knob and tube wiring
Replies: 39
Views: 32517

Re: Selling older home with old knob and tube wiring

I live in an area where virtually every house still has knob & tube. It's no big deal here: there's a special city rule about inspection prior to insulation, but that's it. The local fire people are pro knob & tube. The real secret of K&T is that the insulation is not even needed, because of the tub...
by bnes
Fri Aug 14, 2015 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Selling older home with old knob and tube wiring
Replies: 39
Views: 32517

Re: Selling older home with old knob and tube wiring

There has to be an explanation that does not involve actuarial calculations. I think it's because the insurance companies need a simple rule, and don't want to distinguish between knob & tube and knob & tube that's been badly retrofitted. I wrote about that here http://diy.stackexchange.com/a/20279...
by bnes
Thu Aug 06, 2015 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of receipts should be saved for HSA account?
Replies: 20
Views: 3079

Re: What kind of receipts should be saved for HSA account?

I save each receipt, showing the eligible item. For example a register receipt showing the specific item (e.g. Aspirin). The list of what is and is not eligible is very detailed and specific. What I don't know how to do is report a mistaken purchase. For example I bought sunscreen with an HSA debit ...
by bnes
Thu Aug 06, 2015 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tax questions when selling a rental property
Replies: 24
Views: 2149

Re: Tax questions when selling a rental property

There's always a trust.
Put all the stuff she does not want into a trust, that is then managed (professionally or not) for the benefit of the heirs.
by bnes
Thu Aug 06, 2015 7:27 pm
Forum: Investing - Theory, News & General
Topic: So do the uber wealthy invest money the same way we do?
Replies: 95
Views: 13158

Re: So do the uber wealthy invest money the same way we do?

The ultra wealthy can use outsized life insurance policies to transfer wealth to the next generation.
Many uber wealthy are in fact focused on avoidance of taxes at death: attempting to transfer wealth beyond normal estate tax limits.
by bnes
Thu Aug 06, 2015 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Comparison Shopping Homeowner's Insurance - Seeking a Good Broker
Replies: 1
Views: 360

Comparison Shopping Homeowner's Insurance - Seeking a Good Broker

I have a feeling I'm paying to much for Homeowner's insurance. I've tried shopping around but find it's too complex. The online forms ask a lot of information, and the terms don't seem the same (for example Geico apparently excludes theft for personal computers unless I select 'Extended' coverage fo...
by bnes
Thu Aug 06, 2015 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Browsers and Security - a question
Replies: 12
Views: 2164

Re: Browsers and Security - a question

You've done the right thing by pressuring your bank to upgrade. For now, go ahead and keep using Chrome. If you don't want to see the warning, use Firefox (it's no safer with Firefox, it just might make you feel better). Hopefully your bank will start to feel the pressure and make changes before it'...
by bnes
Mon Jun 01, 2015 1:54 am
Forum: Personal Consumer Issues
Topic: How to furnish a new residence, completely from scratch
Replies: 35
Views: 4358

Re: How to furnish a new residence, completely from scratch

I'll echo the "use the right credit card" theme. You'll be making big purchases, and can nab significant signup bonuses and cash back. That said rental may well be your best option: just watch out as too many of the rental places cater abusively to those renting because they can't afford it (as oppo...
by bnes
Thu Apr 16, 2015 2:39 pm
Forum: Personal Consumer Issues
Topic: IRS Tax: qualified joint venture income split reporting?
Replies: 3
Views: 970

Re: IRS Tax: qualified joint venture income split reporting?

Thanks. Is it best to file one 1065 plus two Schedule C's, or just the two Schedule C's?