Search found 5741 matches

by Gill
Wed May 27, 2009 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: car insurance premiums - is a 12% yearly increase normal?
Replies: 36
Views: 7929

Amica

I've been with Amica for 45 years and always felt they were fair in their premiums and claims. There has to be some underwriting reason the premium jumped 12%, although possibly the premium from the earlier year was unusually low for some reason. They are usually rated number one in the country by C...
by Gill
Fri May 15, 2009 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buying physical gold
Replies: 18
Views: 3609

thekro wrote:My question is :
When you really are not profiting only staying even should there be a tax ?

Gold keeps you even
Yes, many capital gains are solely the result of inflation and, yes, there is a tax.
Bruce
by Gill
Thu May 14, 2009 3:22 pm
Forum: Personal Investments
Topic: Annuity within an IRA
Replies: 8
Views: 1953

Re: Qualified

Dan Kohn wrote:...all payments are fully taxable...
This would not be true if there was a basis in the IRA and a pro rata portion of that basis was deemed transferred to the SPIA.
Bruce
by Gill
Thu May 14, 2009 10:51 am
Forum: Non-US Investing
Topic: Moving gold from Canada to U.S.
Replies: 13
Views: 2784

Any way you like. There is no longer a prohibition on US citizens owning gold.
Bruce
by Gill
Wed May 13, 2009 2:31 pm
Forum: Personal Consumer Issues
Topic: Is this legit?
Replies: 22
Views: 3621

Definitely not true, contracts are struck down all the time for a variety of reasons by courts. You should read the documents you signed when you agreed to terms with Dish Network. Often times there is a clause that allows the consumer to terminate the contract without a penalty if the price increa...
by Gill
Tue May 12, 2009 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to Decide on a Life Insurance Policy
Replies: 37
Views: 5763

What about the idea that life insurance is income tax free but not estate tax free? I'll be getting either a half million dollar policy or a million dollar policy for each of us. So, to avoid estate tax issues, shouldn't I create an irrevocable life insurance trust for both me and my wife? By setti...
by Gill
Tue May 12, 2009 2:48 pm
Forum: Personal Consumer Issues
Topic: New Cell Phone Service
Replies: 51
Views: 11330

Re: New Cell Phone Service

Bruce, If I understand correctly, I think you could just sign up for the Tracfone Service Protection Plan for $5.99 a month. It doesn't come with any minutes, but for that price you're guaranteed to never lose your service or accumulated minutes. The best part is that you don't need to remember any...
by Gill
Tue May 12, 2009 1:50 pm
Forum: Personal Consumer Issues
Topic: New Cell Phone Service
Replies: 51
Views: 11330

Re: New Cell Phone Service

I haven't found any way to keep a cell phone active and working for less than about $100/year. I don't know how to get the cost down to (say) $10 a year for (say) someone who really only makes half-a-dozen short calls a year. I've gotten my Tracfone expense down to $75.28 a year ($6.28 a month). He...
by Gill
Sun May 10, 2009 2:04 pm
Forum: Personal Investments
Topic: Question for my Mom and Dad
Replies: 25
Views: 4446

One way you could help them is to determine whether municipals are appropriate at all. Perhaps their tax bracket is so low that they would be better in taxable bonds. Also, the Florida bond fund no longer serves a real purpose now that the Florida Intangibles Tax has been repealed. That was the reas...
by Gill
Fri May 08, 2009 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance
Replies: 82
Views: 13316

You can't tell much by what other people pay as a premium. Mine is considerably higher than most mentioned, but I have two homes, three cars, and two motorcycles. Your risk exposure will determine the premium.
Bruce
by Gill
Tue May 05, 2009 4:11 pm
Forum: Personal Investments
Topic: Private loans?
Replies: 6
Views: 1413

one of the benefits of living in canada i guess, just did some reading, we have no gift, estate or inheritance tax. so if you treat the loan as a gift, and the loan repayments as gifts then there's no tax to be paid for anyone. At least in the U.S., they are not gifts. Call it what you like, but it...
by Gill
Tue May 05, 2009 2:39 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Warranty for my 2006 Honda Pilot at Carmax?
Replies: 14
Views: 4012

Most advisors recommend not to purchase any extended warranty on any product at any time. They are basically a way for the retailer to pad its profit.
Bruce
by Gill
Mon May 04, 2009 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Rmd Funds
Replies: 4
Views: 1371

chaz wrote:My RMD has fed witholding, and the balance is mailed to me for deposit in my checking account.
Chaz - Why do you have a check mailed when Vanguard will credit your checking direct?
Bruce
by Gill
Sun May 03, 2009 4:49 pm
Forum: Personal Consumer Issues
Topic: Idaho resident buying a car in Calif.
Replies: 9
Views: 4309

Yes, this has been the case with the states I've dealt with as long as you are not a resident of the state where you purchase the car. The dealer or seller will not collect the tax from you when you indicate your are from out of state.
Bruce
by Gill
Sat May 02, 2009 10:43 am
Forum: Personal Consumer Issues
Topic: Using dealer for oil change or not?
Replies: 81
Views: 14011

adave wrote:is use the dealer, but i drive a 70k lexus - worth the piece (sic) of mind to me.
You must be doing very well at age 32 to drive such wheels. Tell us your secret.
Bruce
by Gill
Thu Apr 30, 2009 8:42 pm
Forum: Personal Investments
Topic: Breakdown of income sources in muni funds?
Replies: 4
Views: 989

If it is held in a trust, the trustee should have broken this information out for you on the K-1
Bruce
by Gill
Thu Apr 30, 2009 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule K-1 Question
Replies: 4
Views: 1436

Sure do. It was income allocated to your share.
Bruce
by Gill
Thu Apr 30, 2009 8:09 pm
Forum: Personal Investments
Topic: Breakdown of income sources in muni funds?
Replies: 4
Views: 989

You should have received a mailing from Vanguard showing this information. It is also available online.
Bruce
by Gill
Thu Apr 30, 2009 9:19 am
Forum: Personal Investments
Topic: Wash sales and short term cap gains/losses
Replies: 6
Views: 1189

I think the OP is suggesting he bought all shares less than 30 days prior to selling the last lot. I believe that his loss on the first 5 shares would be a wash. Applied to basis of the second 5 shares, the net as he describes is no gain/loss for the year. Had he instead retained the last lot of 5 ...
by Gill
Mon Apr 27, 2009 3:32 pm
Forum: Personal Consumer Issues
Topic: To go or not to go: Law School
Replies: 54
Views: 7915

A look back to 1960...

A a lawyer myself, I have enjoyed this discussion immensely, and only regret that I did not have the benefit of it years ago. My experience may come from a little different perspective. In 1960 I graduated from the Wharton School of Finance at Penn and decided to attend an Ivy League Law School, not...
by Gill
Sat Apr 25, 2009 8:56 pm
Forum: Personal Investments
Topic: Capital Gains Loss
Replies: 7
Views: 1808

Just to clarify, your money market fund normally does not have capital gains but rather ordinary income. Also, it is not a "capital gains loss" but rather a capital loss. They'll teach you that when you go to law school.
Bruce
by Gill
Sat Apr 25, 2009 4:47 pm
Forum: Investing - Theory, News & General
Topic: Personal fortunes riding on the fate of GM's debt
Replies: 20
Views: 3355

Of course, if they are paid at maturity in seven years he'll be fine.
Bruce
by Gill
Tue Apr 21, 2009 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Immediate Annuity - Should we wait for lower interest rates?
Replies: 9
Views: 2362

bluemarlin08 wrote:Under NO circumstance would I use AIG.
Please explain. As I was advised by a Vanguard representative, the annuities are issued by subsidiaries of AIG, not by the holding company which has had the problems.
Bruce
by Gill
Tue Apr 21, 2009 9:36 am
Forum: Investing - Theory, News & General
Topic: Annuity vs lump sum
Replies: 16
Views: 2588

Reply to above Nenu post withdrawn per request of moderators.
by Gill
Tue Apr 21, 2009 7:42 am
Forum: Investing - Theory, News & General
Topic: Annuity vs lump sum
Replies: 16
Views: 2588

Seems like a no brainer for the lump sum. Did you mean that? It seems like a no-brainer for the annuity to me. Vanguard's Website also indicates such an annuity would cost more than $500,000. If you're correct on the alternatives I'd grab the annuity assuming your wife is in normal health with an a...
by Gill
Mon Apr 20, 2009 8:00 am
Forum: Personal Finance (Not Investing)
Topic: New Car Now or Wait
Replies: 29
Views: 4533

Amen
by Gill
Sun Apr 19, 2009 4:46 pm
Forum: Personal Investments
Topic: Does wash sale rule apply with a capital gain?
Replies: 5
Views: 5306

Yup, sure do! The purchase in the IRA is irrelevant
Bruce
by Gill
Sun Apr 19, 2009 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Is it important to escrow taxes and home insurance
Replies: 34
Views: 6081

I have been bunching my real estate taxes (and other deductable expenses) for the last 30 years. This has saved me a lot of money on my income tax bills over that time. You cannot do that if you pay them into escrow each month. Jeff Jeff, Can you elaborate on this. The tax statement from my mortgag...
by Gill
Sat Apr 18, 2009 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is it important to escrow taxes and home insurance
Replies: 34
Views: 6081

giacolet wrote:...a subsiderary (sic) of the lender.
Huh?
by Gill
Tue Apr 14, 2009 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: pension fund overpayment
Replies: 1
Views: 745

Unfortunately, it appears you are liable to the insurance company for the overpayment and should not be unjustly enriched by their error. If a substantial amount is involved you should probably be represented by counsel and see if a compromise can be worked out.
Bruce
by Gill
Tue Apr 14, 2009 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: made a mistake on a paper check
Replies: 17
Views: 4262

You said you did not write out the amount, but did you enter the amount numerically? If so, you should be fine. There is no requirement to write it out.
Bruce
by Gill
Sun Apr 12, 2009 8:01 pm
Forum: Personal Investments
Topic: What is the outlook on Harley Davidson stock?
Replies: 51
Views: 7364

Re: What is the outlook on Harley Davidson stock?

In my opinion, once a Harley owner, always a Harley owner. It doesn't matter that Boomers are getting older. What matters if that gas prices go higher from here. Everyone will then be thinking how to cut transportation costs (again) and while hybrids get the "news", Motorcycles are great for the ga...
by Gill
Sat Mar 14, 2009 12:01 pm
Forum: Personal Consumer Issues
Topic: Florida Residents?!
Replies: 44
Views: 7278

I kind of follow the philisophy that if a place is a great place to live, don't ruin it by publishing the fact. Money Magazine and others have destroyed a few great places that way. Accordingly, you won't find out where I live in Florida.
Bruce
by Gill
Thu Mar 12, 2009 8:53 am
Forum: Personal Consumer Issues
Topic: Jim Cramer gets bad press
Replies: 50
Views: 8854

Diablo-D3 wrote:He also is also a lawyer, in the sense that he has a JD law degree and he passed the NY bar.
Why do you qualify this by saying "in the sense...". He IS a lawyer, just not a practicing lawyer.
Bruce
by Gill
Wed Mar 11, 2009 4:39 pm
Forum: Forum Issues and Administration
Topic: degrading posts not good for us
Replies: 30
Views: 5599

Christine_NM wrote:...removed - inflammatory - and sexist - jeff mc
You who were complaining about "sexist commentary" proceed to make this comment. I guess it's OK if it's about men but not women. -nope, it's not - jeff mc
Bruce
by Gill
Wed Mar 11, 2009 4:32 pm
Forum: Forum Issues and Administration
Topic: degrading posts not good for us
Replies: 30
Views: 5599

Pole??

Can someone explain the "pole" problem please. My search turns up such things as "ten foot pole", "cable TV pole" & "totem pole". Where exactly is the problem? Are we getting a little too sensitive?
Bruce
by Gill
Mon Mar 09, 2009 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: E-Filing Form 8606 (Nondeductible IRAs) Taxcut Error
Replies: 2
Views: 1377

Yes, I e-filed it just the other day with TaxCut. Are you sure you have it filled out correctly? Did you enter the market vlaue of your IRA as of 12/31/08?
Bruce
by Gill
Wed Feb 04, 2009 8:12 pm
Forum: Investing - Theory, News & General
Topic: "Do you need an annuity?"
Replies: 37
Views: 5785

abceater wrote:I just get tired of reading articles written by people who clearly don't have a firm grasp of their subject matter.
I felt he lost his credibility when he spelled principal as "principle"!
Bruce
by Gill
Wed Feb 04, 2009 9:12 am
Forum: Personal Finance (Not Investing)
Topic: SS and medicare tax
Replies: 20
Views: 2988

Did she receive a W-2 or 1099-MISC?
by Gill
Tue Feb 03, 2009 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: CPA Review Materials
Replies: 10
Views: 2310

My self-study in 1984 was with tapes & workbooks, although I don't remember who put it out. It was a great way to study and I went over and over the material for about ten months. Passed the entire exam first time - it was 2-1/2 days then. Don't know the present arrangement.
Bruce
by Gill
Sat Jan 31, 2009 12:08 pm
Forum: Personal Investments
Topic: Vanguard Site
Replies: 11
Views: 2088

I'm retired. It really doesn't matter.
Bruce
by Gill
Fri Jan 30, 2009 10:31 am
Forum: Personal Investments
Topic: I Bonds; Reporting Interest
Replies: 8
Views: 2375

Fron the "Journal of Accountancy"

FOR FEDERAL INCOME TAX PURPOSES, both series EE and series I bondholders may recognize the interest income on an accrual or cash basis.
Bruce
by Gill
Thu Jan 29, 2009 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Mother: Better Life Now or Save for Nursing Care?
Replies: 32
Views: 5241

We have no desire to transfer or preserve her assets. The perfect outcome would be if she gets the care she needs even if she uses all her assets. In that case, could she buy an immediate annuity? At age 92, she should be able to get a very good rate, and it might well be enough to pay for nursing ...
by Gill
Mon Jan 26, 2009 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to buy a house now?
Replies: 16
Views: 3554

mptfan wrote:I think home prices in Florida will continue to decline. I don't know when they will reach a bottom (no one does), but I suspect it won't be in 2009.
Most helpful. Thanks. And what is your forecast for the stock market?
Bruce
by Gill
Sat Jan 24, 2009 5:14 pm
Forum: Personal Investments
Topic: Investment holdings and revocable trusts
Replies: 4
Views: 1112

I'm curious why the lawyer didn't suggest moving all your assets to the revocable trust which is the normal practice followed. With a RLT in your estate planning, you normally want to remove most of your assets from your individual name and place them in the name of the trust.
Bruce
by Gill
Sat Jan 24, 2009 9:28 am
Forum: Personal Finance (Not Investing)
Topic: High Yield Bonds
Replies: 8
Views: 2024

mpt follower wrote:Chez..Why??
That's what I was wondering. Didn't add much to the discussion!
Bruce
by Gill
Mon Jan 19, 2009 11:48 am
Forum: Investing - Theory, News & General
Topic: Do TIPs exacerbate inflation?
Replies: 6
Views: 1813

Agreed

At one time it was considered very risky to be indexing anything to inflation. Over time, however, we have seen pensions, long term contracts, tax rates, government securities and many other things indexed to the rate of inflation. I don't think there is much question that this tends to exacerbate i...
by Gill
Fri Jan 16, 2009 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you look for a good refinance?
Replies: 25
Views: 4189

Is it possible to refinance a first mortgage and leave the second in place? or vice versa? You can't refinance a first leaving the second in place. You must have the consent of the second mortgagee. You can refinance the second without consulting the first mortgagee because its rights are not affec...
by Gill
Fri Jan 16, 2009 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Where would you look for a good refinance?
Replies: 25
Views: 4189

I didn't mean the Website was out of order. Eloan no longer seems to be in business. The site shoots you over to Lendingtree which was not the case previously. They no longer seem to be making their own loans.
Bruce
by Gill
Fri Jan 16, 2009 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Where would you look for a good refinance?
Replies: 25
Views: 4189

My last refinance was with www.eloan.com I compared them to a broker I had used twice previously. e-loan was a couple thousand dollars cheaper and from time of contact to closing was 18 days. My experience with them was outstanding. All done by phone, fedex and folks (appraiser, notary) who came to...