Search found 396 matches

by bnes
Wed Oct 19, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Deductions On My Father's Estate?
Replies: 22
Views: 3556

Re: Tax Deductions On My Father's Estate?

Will there be a problem if the estate reimburses me? For properly documented expenses, there is no problem with the estate reimbursing. It just like a plumber who did work but did not get around to billing you for some months: the bill is due when presented. The estate files form 1041, you file you...
by bnes
Wed Oct 19, 2016 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Super low ETF expenses from Schwab now.
Replies: 4
Views: 805

Re: Super low ETF expenses from Schwab now.

Kind of amazing they are reducing ER for everyone, rather than creating new share classes for new purchasers. Good for the lazy.
by bnes
Tue Oct 18, 2016 11:45 pm
Forum: Personal Consumer Issues
Topic: Anyone ordered a tuff shed from Home Depot?
Replies: 4
Views: 1062

Re: Anyone ordered a tuff shed from Home Depot?

batpot wrote:Can anyone confirm that this is the case?
Confirmed, it's the case. They build it on site, paint it on site. But why not order directly from Tufff Shed?
The one I ordered has been a champ: well built, no problems.
by bnes
Tue Oct 18, 2016 11:37 pm
Forum: Personal Consumer Issues
Topic: New phone and Verizon Wireless contract pricing
Replies: 14
Views: 1942

Re: New phone and Verizon Wireless contract pricing

Or, a way that seems really bogglehead compatible: Purchase a one generation back smartphone (the Nexus 5X for example dipped to $250 for a while). Get pay as you go service from a reseller like Ting ( https://z26qaj3liq9.ting.com/ ). $6 line fee, shareable buckets of voice/text/data. Replace the ba...
by bnes
Tue Oct 18, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Deductions On My Father's Estate?
Replies: 22
Views: 3556

Re: Tax Deductions On My Father's Estate?

The right way to handle this was for the estate to directly pay those expenses.
The correction is to have the estate reimburse the individuals who made the expenses.
by bnes
Tue Oct 18, 2016 3:16 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Premium Increase
Replies: 29
Views: 3935

Re: Long Term Care Insurance Premium Increase

The CalPers LTC rate increases are the subject of a class action claim:

http://www.calpersclassactionlawsuit.co ... pdate.html
by bnes
Tue Oct 18, 2016 3:14 am
Forum: Personal Consumer Issues
Topic: Seeking others denied by CalPERS LTC to compare notes with
Replies: 0
Views: 1876

Seeking others denied by CalPERS LTC to compare notes with

My terminally ill cancer stricken parent was denied coverage under a CalPERS Long Term Care coverage plan. Based on others in a cancer support group, this is now common procedure: the stories came out of others denied at first regardless of circumstance. This is unfortunate, as it happens right when...
by bnes
Tue Sep 27, 2016 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Comcast incorrectly told us there was an internet line - now what? - solved
Replies: 47
Views: 4088

Re: Comcast incorrectly told us there was an internet line - now what?

Had same thing happen. Bait... and switch. In my case nothing ever was done about it.
by bnes
Tue Sep 27, 2016 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Resource for dealing with dependent adult children
Replies: 14
Views: 2541

Re: Resource for dealing with dependent adult children

ResearchMed wrote:It was a support group for the relative(s) that I was suggesting.
Right. That's what's not close enough for the relatives to attend. There's a group an hour away I found because of your link.
by bnes
Tue Sep 27, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Cancelling Credit Card After Switch?
Replies: 10
Views: 1362

Re: Cancelling Credit Card After Switch?

In general, for financially responsible people:
Keep your oldest card, for credit history reasons.
Always keep a backup card, from a different company. I keep two backups: one in the wallet, the other says at home.
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: 2541

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: 2541

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: 339

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: 2541

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: 14607

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: 2019

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: 5337

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: 4294

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: 2541

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: 2541

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: 3288

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: 1651

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: 3005
Views: 589789

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: 1347

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: 5881

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: 3288

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: 5235

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: 3288

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: 3288

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: 5235

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: 4308

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: 1049

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: 620

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: 5235

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: 108
Views: 32837

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: 3288

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: 620

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: 108
Views: 32837

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: 4924

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: 249

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: 2780

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: 4714

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: 2810

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: 1732

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: 1732

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: 13920

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: 80651

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: 623

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: 623

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...