Search found 4807 matches

by kaneohe
Thu May 31, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: I think I made an Traditional IRA mistake- Can it be fixed?
Replies: 60
Views: 3680

Re: I think I made an Traditional IRA mistake- Can it be fixed?

Your situation is not clear. You said you don't have a retirement plan at work. That would mean you could deduct your contributions (making them pretax)unless you were married and your spouse was enrolled in a retirement plan. https://www.irs.gov/retirement-plans/ira-deduction-limits Once you clarif...
by kaneohe
Thu May 31, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE My Medigap Plan G went from 115 to 251
Replies: 33
Views: 3676

Re: My Medigap Plan G went from 115 to 251

Do you have documentation that your initial premium was for issue age policy for first and perhaps some subsequent yrs? Seems like you should be able to hold them to the initial type policy that you got. No, I forgot that there was no discussion of issue age when I switched to G. My mistake...but s...
by kaneohe
Thu May 31, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Writing Checks on a Schwab IRA
Replies: 22
Views: 1205

Re: Writing Checks on a Schwab IRA

I don't know about Schwab but Vanguard limits the mutual funds that can use the check writing feature (usually only bond funds). ...................... Don't know for sure either about Schwab but if you ask them to write the QCD checks, they tell you it is better if you have cash in the IRA. If the...
by kaneohe
Wed May 30, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE My Medigap Plan G went from 115 to 251
Replies: 33
Views: 3676

Re: My Medigap Plan G went from 115 to 251

Could you clarify if this is an Attained-Age, Issue-Age, or Community Rated plan? Attained-Age plans are susceptible to larger increases, but I have not seen a jump this large. It would surprise me if this was an Issue-Age, or Community Rated plan Funny you should ask. I called and the increase was...
by kaneohe
Sat May 26, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Just wanted to clarify how taxation works on LTCG rate and Roth conversion
Replies: 20
Views: 1309

Re: Just wanted to clarify how taxation works on LTCG rate and Roth conversion

https://www.bogleheads.org/forum/viewtopic.php?t=86849 or perhaps seeing it in a picture might help.....see tfb's stacked bar chart (post from 12/11/11). If you have LTCG to the top of the 15% (ordinary) bracket, then the addition of ordinary income will displace a similar amount of LTCG into the n...
by kaneohe
Sat May 26, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Just wanted to clarify how taxation works on LTCG rate and Roth conversion
Replies: 20
Views: 1309

Re: Just wanted to clarify how taxation works on LTCG rate and Roth conversion

My question is, now every $1 more of Roth conversion will result in an additional 27 cent tax (the 12% ordinary tax for the $1 and as it pushes LTCG into 15%, a $1 of that will also be taxed at 15%). Aren't you assuming that the entire $1 coming for the Roth conversion is a long term capital gain? ...
by kaneohe
Sun May 20, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: child turning 18 - stop filing as dependent?
Replies: 23
Views: 2139

Re: child turning 18 - stop filing as dependent?

Even dependents get their standard deduction, they just aren't eligible for their personal exemption, and personal exemptions are worth $0 with the tax reform. Whether your child is your dependent will affect who is eligible to claim the AOTC for your college student, parents or child. I’m over the...
by kaneohe
Tue May 15, 2018 6:59 am
Forum: Investing - Theory, News & General
Topic: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?
Replies: 14
Views: 1578

Re: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?

Opened a savings acct plus credit card w/ HSBC for much smaller $ amount (15K) and lower bonus ($450). Similar time terms for account open. Everything went OK except I could never get a form for auto paying cc. Tried 5-6x but never got it until I finally talked to a particular rep who finally broke...
by kaneohe
Mon May 14, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?
Replies: 14
Views: 1578

Re: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?

Opened a savings acct plus credit card w/ HSBC for much smaller $ amount (15K) and lower bonus ($450). Similar time terms for account open. Everything went OK except I could never get a form for auto paying cc. Tried 5-6x but never got it until I finally talked to a particular rep who finally broke ...
by kaneohe
Thu May 10, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 34
Views: 2294

Re: Estimated Tax on Large Capital Gain

....................................................................... I anticipate that my withholding amount will be similar to last year and in 2017 I received a refund of 1.5k. My normal income is about 85k a year. ..................................................................................
by kaneohe
Wed May 09, 2018 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 34
Views: 2294

Re: Estimated Tax on Large Capital Gain

You can use the safe harbor of paying thru withholding at least 100% of the previous yrs taxes which suggest that your current status might be ok. http://www.fairmark.com/estimate/howmuch.htm
Of course, if you do this, that lump for the CG will be due in April next yr.
by kaneohe
Tue May 08, 2018 9:22 pm
Forum: Personal Consumer Issues
Topic: How to remove garden hose nozzle that is stuck on a hose
Replies: 41
Views: 6367

Re: How to remove garden hose nozzle that is stuck on a hose

As others have suggested, try muscle using 2 vise grip pliers,pipe wrench, etc. When/if you finally get them undone, check for cause. I thought it might be debris that was on the threads but instead, it was because there was no washer on one end causing threading to go further than it should have.
by kaneohe
Sun May 06, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax not allowed to consider Qualified Dividends?
Replies: 15
Views: 1191

Re: Estimated Tax not allowed to consider Qualified Dividends?

Looking over IRS Form 1040-ES Estimated Tax Worksheet for payment amounts due, it considers AGI as all ordinary income without factoring any qualified dividends. ...................................................... you missed this in the wksht: 4 Tax. Figure your tax on the amount on line 3 by us...
by kaneohe
Wed May 02, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Incorrect nondeductible IRA cost basis on Form 8606
Replies: 10
Views: 872

Re: Incorrect nondeductible IRA cost basis on Form 8606

Glasgow wrote:
Wed May 02, 2018 10:52 am
Can I send all years in one package or they have to be in separate envelope?
I also have another’s amendment for 2017 due to unaccounted interest from a CD account.
send them all together w/ explanatory note.
by kaneohe
Wed May 02, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Incorrect nondeductible IRA cost basis on Form 8606
Replies: 10
Views: 872

Re: Incorrect nondeductible IRA cost basis on Form 8606

Just fix it........start w/the earliest and fix each subsequent yr. Send all the 8606s in w/ an explanatory note. Is 1040-X for corresponding year needed to be sent in as well? Looks like all you did was add more non-deductible contributions each yr so you didn't affect taxes? No distributions take...
by kaneohe
Tue May 01, 2018 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Incorrect nondeductible IRA cost basis on Form 8606
Replies: 10
Views: 872

Re: Incorrect nondeductible IRA cost basis on Form 8606

Just fix it........start w/the earliest and fix each subsequent yr. Send all the 8606s in w/ an explanatory note.
by kaneohe
Tue May 01, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 41
Views: 5755

Re: Questions about RMDs

From numerous discussion on RMDs on this forum, taking Qualified Charitable Distributions (QCD) are identified and substantial. However, QCD must be part of the RMD and can only be taken after you actually turn 70.5 in November. If you attempt to take QCDs after you have withdrawn the entire requir...
by kaneohe
Tue May 01, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Help deciding if I can withdraw from Roth IRA
Replies: 2
Views: 351

Re: Help deciding if I can withdraw from Roth IRA

Here is a table created by kawill of the fairmark.com site: As noted below and as listed in the table, the ordering rules say that contributions come out first, followed by conversions (oldest first), and finally earnings. In your case being < 59.5 and with no conversions.......................contr...
by kaneohe
Sat Apr 28, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Allowances - Tax
Replies: 50
Views: 2892

Re: Allowances - Tax

This calculation can only be as accurate as your knowledge of what your tax will be for the year. If you don't know,it is a rather hopeless situation. If you do know , either from tax software (beware 2018 has new rules) or from a tax calculator like HR Block or Taxcaster, then there is hope. Rathe...
by kaneohe
Sat Apr 28, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Allowances - Tax
Replies: 50
Views: 2892

Re: Allowances - Tax

This calculation can only be as accurate as your knowledge of what your tax will be for the year. If you don't know,it is a rather hopeless situation. If you do know , either from tax software (beware 2018 has new rules) or from a tax calculator like HR Block or Taxcaster, then there is hope. Rathe...
by kaneohe
Sat Apr 28, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Allowances - Tax
Replies: 50
Views: 2892

Re: Allowances - Tax

This calculation can only be as accurate as your knowledge of what your tax will be for the year. If you don't know,it is a rather hopeless situation. If you do know , either from tax software (beware 2018 has new rules) or from a tax calculator like HR Block or Taxcaster, then there is hope. Rather...
by kaneohe
Thu Apr 26, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Denial- How to Proceed?
Replies: 12
Views: 1849

Re: Medicare Denial- How to Proceed?

likegarden wrote:
Thu Apr 26, 2018 1:38 pm
........................................ Perhaps something was not coded correctly.
Often denials are because the doctor's office coded something incorrectly.
by kaneohe
Wed Apr 25, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Customer Service with Vanguard
Replies: 50
Views: 5238

Re: Customer Service with Vanguard

ruralavalon wrote:
Sat Mar 31, 2018 2:08 pm
......................................................................
Schwab does not have a total international stock index fund. ................................
SWISX?
by kaneohe
Thu Apr 19, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 89
Views: 6823

Re: How do I make sure IRS receives my manual tax return ?

I just mailed mine today from my local post office. They gave me tracking numbers. I can check the tracking numbers and find out when it arrived at its destination. They, state and federal, were postmarked April 16th. Perhaps you may have as I have quite often that you do not get a final delivery n...
by kaneohe
Tue Apr 17, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Record Keeping for Pretax Accounts
Replies: 2
Views: 438

Re: Record Keeping for Pretax Accounts

On occasion they can be useful. You may want to be able to demonstrate the age of the first Roth IRA you opened, or the age of each Roth conversion and whether the conversion was taxable or not, the amounts of each contribution and conversion, and any recharacterizations. These relate to whether Rot...
by kaneohe
Tue Apr 17, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 19
Views: 2731

Re: Relative Never Took RMDs on Inherited IRA From 2004

................................................ You can only put w2/earned income into an IRA (trad or Roth) As long as you have the earned income to support the IRA contribution, the cash for the contribution can come from anywhere....your earnings, your savings, cash from selling stock, and even...
by kaneohe
Tue Apr 17, 2018 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Roth contribution for someone who didn't file a return
Replies: 4
Views: 405

Re: Roth contribution for someone who didn't file a return

Agree w/Pajamas and tomd37 and FiveK from Chart C, pg A-3 of Pub 4012: https://www.irs.gov/pub/irs-pdf/p4012.pdf "Chart C – Other Situations When You Must File You must file a return if any of the conditions below apply for 2017. 1. You owe any special taxes, including any of the following. ...........
by kaneohe
Tue Apr 17, 2018 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Specific Identification - Very Old Transaction
Replies: 7
Views: 510

Re: Specific Identification - Very Old Transaction

One thing that might help.......keep a record of all your transactions.....you can make a spreadsheet w/ purchase dates/NAV/#shares purchased; when you sell , put the corresponding sell info on the same line so you won't sell the same shares again; you can also reconstruct the VAR from the sell date...
by kaneohe
Tue Apr 17, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Specific Identification - Very Old Transaction
Replies: 7
Views: 510

Re: Specific Identification - Very Old Transaction

Thesaints wrote:
Tue Apr 17, 2018 4:53 pm
Actually, I entered "various" and a total cost basis. They were not identified on Sched.D.
Sounds like a fun project for a rainy day.......there can only be a finite number of combinations that yield the same number of shares for VAR. Good luck....hope you didn't combine too many lots at once.
by kaneohe
Tue Apr 17, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: early withdraw of Roth IRA - Tax form questions
Replies: 8
Views: 783

Re: early withdraw of Roth IRA - Tax form questions

If your only Roth contribution was the conversion, and you never made a regular Roth contribution, then you have nothing to enter on line 22 of Form 8606. On line 24 enter the total amount you converted to your Roth IRA. Perhaps there was just the one. Of course, you will enter your distribution on...
by kaneohe
Tue Apr 17, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Specific Identification - Very Old Transaction
Replies: 7
Views: 510

Re: Specific Identification - Very Old Transaction

When you filed Sch D using specific lots,didn't you have to input the specific dates,no.shares, cost basis for those shares for each of the lots? Isn't that the info you are looking for?
by kaneohe
Tue Apr 17, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: Why is the SEC yield the one that Vanguard displays?
Replies: 39
Views: 4444

Re: Why is the SEC yield the one that Vanguard displays?

Meg77 wrote:
Tue Apr 17, 2018 11:04 am
Also, the SEC yield nets out the expense ratio which also makes it easier to compare between funds.
Are you saying distribution yield does not net out expense ratio?
by kaneohe
Tue Apr 17, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Specific Identification - Very Old Transaction
Replies: 7
Views: 510

Re: Specific Identification - Very Old Transaction

Can you find your tax returns from that period? Don't know if IRS transcripts would have that detailed info.
by kaneohe
Tue Apr 17, 2018 4:01 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 26441

Re: Muni Money Market funds starting to look good!

........................................................ I am not sure if I am still understanding this correctly. If you are in the 12% tax bracket for ordinary income, any amount of QDIV/LTCP should be taxed at the 0% rate correct. Whether it is 20k or 200k. If you add another $100 to your ordina...
by kaneohe
Sun Apr 15, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 89
Views: 6823

Re: How do I make sure IRS receives my manual tax return ?

...................................................... Sending via certified mail only added $3.45 to the cost of sending my 2017 tax forms. Is a return receipt of any more value than simply printing the on-line USPS record of delivery? I used to do both. Sometimes the green card didn't come back. ...
by kaneohe
Sun Apr 15, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: IRA help
Replies: 3
Views: 274

Re: IRA help

Income too high for Roth or deductible TIRA. Can only contribute for non-deductible TIRA for both. Covered 1 day by retirement plan........as disqualifying as being covered whole yr.
by kaneohe
Sat Apr 14, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes - Unclear as to how much
Replies: 11
Views: 830

Re: Estimated Taxes - Unclear as to how much

Thanks for the correction on the years. I thought you left job this yr. I'm thinking your 2017 tax liability was line 63 = $470 reduced by Any refundable credit amounts on lines 66a, 67, 68,
69, and 72 . Since line 68 = 1K , 2017 tax was zero so sounds like you are right.
by kaneohe
Sat Apr 14, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes - Unclear as to how much
Replies: 11
Views: 830

Re: Estimated Taxes - Unclear as to how much

I couldn't get yours numbers exactly but close enough............so agree w/ Gill. Too bad you have to wait a year to get your w/h back.
by kaneohe
Sat Apr 14, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes - Unclear as to how much
Replies: 11
Views: 830

Re: Estimated Taxes - Unclear as to how much

what's line 63 (total tax)? Where does withholding come from?
by kaneohe
Sat Apr 14, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Making quarterly estimated payments w/ deductions?
Replies: 11
Views: 503

Re: Making quarterly estimated payments w/ deductions?

One difference between quarterly payments and deductions is that deductions any time of the year all count the same, while underpayment of quarterly payments could subject you to a penalty - even if the totals were fine for the year. There may be some confusion about the term deductions which OP us...
by kaneohe
Sat Apr 14, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Making quarterly estimated payments w/ deductions?
Replies: 11
Views: 503

Re: Making quarterly estimated payments w/ deductions?

Are you talking about Federal or state tax? If Federal, a large state deduction for 529 plan won't affect Federal?
by kaneohe
Sat Apr 14, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Use of Loss Carry Forward for New California Resident?
Replies: 3
Views: 342

Re: Use of Loss Carry Forward for New California Resident?

Instructions from CA Sch D: https://www.ftb.ca.gov/forms/2017/17_540dins.pdf "Line 6 – 2016 California Capital Loss Carryover. If you were a resident of California for all prior years, enter your California capital loss carryover from 2016. However, if you were a nonresident of California during any...
by kaneohe
Sat Apr 14, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Tax Consequences of Rolling a Traditional 401k to Roth IRA
Replies: 7
Views: 706

Re: Tax Consequences of Rolling a Traditional 401k to Roth IRA

The usual advice is to compare the marginal rate at which you would be withdrawing these funds later if you didn't convert. If, for example, you would be withdrawing in retirement at 15%, it may not make sense to pay 26% now. Or if you could convert later in retirement at 15%,it may make more sense ...
by kaneohe
Sat Apr 14, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Tax Consequences of Rolling a Traditional 401k to Roth IRA
Replies: 7
Views: 706

Re: Tax Consequences of Rolling a Traditional 401k to Roth IRA

Why not input your info into a tax calculator like HR Block tax calculator or Taxcaster.....might be more accurate......I got 800 and 3380 from HRB. Absolute #'s quite different from yours but the delta similar. This is the old doubling of marginal rate from 15% to 30% w/ the old tax law. QDIV shelt...
by kaneohe
Fri Apr 13, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 3963

Re: Crazy to start 529 without kids??

.......................................................... what would be the downside of investing a small amount in a 529? Very worst case is I never go back to school, never have kids, and my brothers never have kids..so I suffer a penalty on withdrawing my contributions (but not on the earnings)...
by kaneohe
Thu Apr 12, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 89
Views: 6823

Re: How do I make sure IRS receives my manual tax return ?

misterno wrote:
Thu Apr 12, 2018 10:03 am
In some forums it says IRS does not recognize certified or express or priority mail as proof

So what is the best way to make sure IRS receives it?
which forums? maybe you should find another
by kaneohe
Thu Apr 12, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis question
Replies: 2
Views: 247

Re: Cost basis question

you got good advice from cas on how to divide your original cost basis on A between A and B.
Also good advice to check for other events which may also have affected cost basis.

Your original cost basis is that when you inherited A on date of death.
by kaneohe
Wed Apr 11, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Microfocus tax implications
Replies: 22
Views: 1363

Re: Microfocus tax implications

Apparently there is some leeway here: http://www.costbasis.com/stkchanges/spinoffs.html "You are allowed by the IRS to use the opening price, the average price, the closing price, or the trade-volume-weighted average price on the first day of separate trading to compute the cost allocation factors. ...
by kaneohe
Wed Apr 11, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Microfocus tax implications
Replies: 22
Views: 1363

Re: Microfocus tax implications

doesn't exactly help you since I joined via the HP/Agilent branch but might be similar: 1)HP/A spinoff.......HP took 80.5% of basis 2)HPQ/HPE spinoff......HPE took 52.9% of the basis in 1) 3)HPE/DXC spinoff.......HPE took 75.1% of the basis in 2) 4)HPE/Seattle Spin spinoff.....MicroFocus.......Micr...