Search found 2093 matches

by Chip
Mon Apr 02, 2018 3:38 am
Forum: Personal Finance (Not Investing)
Topic: Withdrawing from a Roth Account for ACA Subsidy Reasons
Replies: 7
Views: 862

Re: Withdrawing from a Roth Account for ACA Subsidy Reasons

Ron Ronnerson wrote:
Sun Apr 01, 2018 4:16 pm
Edit: Deleted - Question has been sufficiently answered. Thanks to all who responded.
Ron, how are people who have never read this thread going to understand it if you delete the original question?

May I suggest this is not a good thing to do?
by Chip
Sun Apr 01, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2373

Re: 4% SWR - planning for worst, hoping for better

At some point don't you think you can increase it even more as your money when you are, say 70 years old, won't have to last as long? Unless you are wanting to leave a big inheritance. Leaving money behind isn't a big concern for me. Absolutely. I'd guess ~5% is probably quite reasonable as a "re-r...
by Chip
Sun Apr 01, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2373

Re: 4% SWR - planning for worst, hoping for better

I am curious when other people, particularly that retired early with no SS or pension, felt it was safe to spend more. Or maybe used a SWR that was more dynamic. I retired early (<50) more than 15 years ago (no SS or pension) and initially loosely "targeted" a 3.5% withdrawal rate. I say loosely be...
by Chip
Sun Apr 01, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Rewire Whole House Humidifier To Run With Fan
Replies: 6
Views: 611

Re: Rewire Whole House Humidifier To Run With Fan

Just guessing here, but I think it would depend on the particular type of humidifier and where it's located in your ductwork. For example, mine is a pad-type mounted on the furnace inlet ductwork. There is a bypass duct from the furnace outlet that runs hot air through the humidifier to evaporate th...
by Chip
Sun Apr 01, 2018 5:03 am
Forum: Investing - Help with Personal Investments
Topic: Questions on 1) Roth IRA, 2) ESPP, 3) 401K taxing, 4) Fidelity Auto-roll
Replies: 11
Views: 843

Re: Questions on 1) Roth IRA, 2) ESPP, 3) 401K taxing, 4) Fidelity Auto-roll

Is your income within the limits to make direct contributions to your Roth IRA? If your income is over the limit, you'd have to do a "backdoor Roth", which consists of a non-deductible contribution to a traditional IRA followed by a Roth conversion. The tax effects of that are significantly impacted...
by Chip
Sat Mar 31, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversion question
Replies: 8
Views: 633

Re: Roth Conversion question

I think I know the answer to this but: when you do a Roth conversion I assume the idea is not to spend that money since you want it to grow tax free and it can never be taxed? Correct? I see lots of discussions on why it makes sense to make a conversion, but not so much on what the ideal dispositio...
by Chip
Sat Mar 31, 2018 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Residential Energy Credits-Non owned property
Replies: 14
Views: 825

Re: Residential Energy Credits-Non owned property

Residential energy property costs appear to me to be a different credit. The fact that the Form 5695 instructions for it specifically state it must be installed in your main home that you owned in 2017, in my view reinforces, since ownership is not mentioned for the Residential Energy Efficiency Pr...
by Chip
Fri Mar 30, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Residential Energy Credits-Non owned property
Replies: 14
Views: 825

Re: Residential Energy Credits-Non owned property

You can't take the credit.

From the instructions for F5695, page 2:
IRS wrote:Residential energy property costs. Residential energy property costs are costs of new qualified energy property that is installed on or in connection with your main home that you owned during 2017 located in the United States.
by Chip
Wed Mar 28, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help Please
Replies: 11
Views: 1235

Re: Portfolio Help Please

b42 wrote:
Wed Mar 28, 2018 1:13 pm
Taxable
$6.1k Vanguard REIT ETF (0.12%)
REITs in a taxable account aren't a very good idea from a tax efficiency standpoint. I suggest Total Stock Market in taxable. See Tax-efficient fund placement in the wiki.
by Chip
Wed Mar 28, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help Please
Replies: 11
Views: 1235

Re: Portfolio Help Please

Hi Ryan, and welcome! 1. The Vanguard funds that are usually recommended are VTSAX (total stock market admiral), VTIAX (total international) and VBTLX (total bond admiral). Since you have VTIAX in your 403b you might want to buy it there, along with all of your allocation to VBLTX. Buy VTSAX in your...
by Chip
Wed Mar 28, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Tax estimate with no earned income
Replies: 10
Views: 729

Re: Tax estimate with no earned income

I come up with zero federal tax. Your ordinary income of 5k is cancelled out by the standard deduction. Your taxable income of 71k consists entirely of qualified dividends and capital gains. Since 71k is below the 77.2k breakpoint for cap gain/QDI taxation, the federal tax on the 71k is zero. You wi...
by Chip
Wed Mar 28, 2018 7:36 am
Forum: Investing - Theory, News & General
Topic: Retirees: Do you spend all your "income"?
Replies: 46
Views: 4520

Re: Retirees: Do you spend all your "income"?

I didn't even look at my tax return to determine my 104%. I divided my spending by the sum of all investment distributions (i.e. dividends and interest) I received, including those in IRAs. Even though I am not withdrawing from IRAs and won't for a while. But if you want it based on tax return numbe...
by Chip
Tue Mar 27, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Do you spend all your "income"?
Replies: 46
Views: 4520

Re: Retirees: Do you spend all your "income"?

104% last year. Normally more than that. Too lazy to run the numbers right now but I'd WAG 120%. Retired under age 50 more than a decade ago. No pension and still waiting to take SSA.
by Chip
Tue Mar 27, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Incorrect W-2, still waiting (March 27)
Replies: 4
Views: 354

Re: Incorrect W-2, still waiting (March 27)

Here's the IRS answer to your question, from here . Question I received an incorrect Form W-2. My former employer won’t issue me a corrected Form W-2. What should I do? Answer If by the end of February, your attempts to have the Form W-2, Wage and Tax Statement, corrected by your employer are unsucc...
by Chip
Tue Mar 27, 2018 7:53 am
Forum: Investing - Help with Personal Investments
Topic: How to set rebalancing bands ?
Replies: 9
Views: 727

Re: How to set rebalancing bands ?

Here's a previous discussion on 5/25 bands, which is ONE method.

viewtopic.php?t=185596
by Chip
Sun Mar 25, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5683

Re: When to Take Social Security (again...)

Here's a thread from a few years ago, arguing you can spend MORE in your 60s if you delay:

Delay Social Security to age 70 and Spend more money at 62
by Chip
Sun Mar 25, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 316
Views: 49199

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I wonder if you have bad or plugged PCV valve.
by Chip
Sun Mar 25, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: How to Endorse a Check Made out to an Estate
Replies: 16
Views: 2427

Re: How to Endorse a Check Made out to an Estate

I think it will depend on the state where your father lived. I did what you are doing with an estate in California, using the small estate provisions under CA law. In each case where I received a check made out to the decedent I returned the check and requested it be reissued in the names of the two...
by Chip
Sat Mar 24, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: eBay seller mails hard drive in paper envelope
Replies: 32
Views: 2603

Re: eBay seller mails hard drive in paper envelope

How do I check for bad blocks? Could there be latent failures that will appear later? Download and run the Seagate diagnostic tool set. I believe it's called SeaTools. I don't have any factual basis for thinking this but I would suspect that if it passes those diagnostics that "latent damage" is un...
by Chip
Sat Mar 24, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Low cost repair of CD players in older Camrys?
Replies: 27
Views: 1644

Re: Low cost repair of CD players in older Camrys?

MnD's suggestion is a good one. Another option is to just buy a new CD/receiver. You can probably get something pretty decent for $100 plus installation. If you want to DIY or just see what will fit your car, check out crutchfield.com. They sell at full retail but they're unmatched in getting you so...
by Chip
Sat Mar 24, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire hathaway purchase prices stocks
Replies: 6
Views: 929

Re: Berkshire hathaway purchase prices stocks

As others have said, check public filings on sec.gov. Keep in mind that Buffett didn't just buy Kraft-Heinz shares on the open market, he first joined with 3G capital to acquire Heinz in a leveraged buyout as both a common stock and preferred stock that paid a 9% dividend but was subject to certain...
by Chip
Sat Mar 24, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: What car should I get
Replies: 35
Views: 2771

Re: What car should I get

I dont trust cvt bc nissan has issues with it. Just because Nissan has had issues doesn't mean all CVTs are problematic. You will limit your vehicle choices if you refuse all cars with CVTs. It's just one data point but I have the Accord CVT with 5 years and 80k miles on it. No problems at all. If ...
by Chip
Wed Mar 21, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Spousal Social Security
Replies: 14
Views: 1726

Re: Spousal Social Security

It's a good plan on its face. I'm assuming you have a plan to manage cashflow to age 70. There have been some discussions here about potential/actual problems in getting SSA to properly execute the restricted filing. It may be safest to actually go to a social security office in person (both of you)...
by Chip
Mon Mar 19, 2018 5:35 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Recharacterization for 2017 Conversion - either TurboTax has a bug or I'm confused
Replies: 4
Views: 539

Re: 2018 Recharacterization for 2017 Conversion - either TurboTax has a bug or I'm confused

Chip, This was exactly what I needed. Thanks very much. Bogleheads +1, TurboTax EasyStep 0. You're welcome. Be sure to check your Form 8606 to make sure it is correct. Lines 16-18 should be filled in. The reason I bring this up is that the TT interview seems to have confused quite a few people in t...
by Chip
Mon Mar 19, 2018 5:29 am
Forum: Investing - Help with Personal Investments
Topic: Is putting my money mostly in retirement accounts and little in savings risky for potential before retirement purchases?
Replies: 21
Views: 3742

Re: Is putting my money mostly in retirement accounts and little in savings risky for potential before retirement purcha

General question for all: If I put bonds into my taxable account that, what bonds should I invest in? I have read that the Vanguard Total Bond Index is bad for taxable accounts, so should I invest in the Vanguard Intermediate Tax Exempt Bond or VMATX, for Massachusetts tax exempt bonds since I live...
by Chip
Mon Mar 19, 2018 4:42 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 35617

Re: What if you only live off dividends?

gd wrote:The one I've been looking at most closely got 4.8% income last year, with 8.8% capital appreciation.
So that's 13.6% total return. The S&P 500 returned 21.8% last year. A 60/40 portfolio with Vanguard Admiral Total Bond would have returned 14.5%.

He's claiming he "beat the market"?
by Chip
Mon Mar 19, 2018 4:12 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity IT Issues and Poor Customer Service.
Replies: 9
Views: 1276

Re: Fidelity IT Issues and Poor Customer Service.

Call up Fidelity, they don't know and need me to call back when a specialist is available (only Eastern times business hours on Weekdays and I'm on Pacific time.) To me this is disgraceful compared to the service I usually get with Vanguard where the rep (and yes I'm flagship at Vanguard and a nobo...
by Chip
Fri Mar 16, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Should I join Mensa?
Replies: 39
Views: 2308

Re: Should I join Mensa?

Don't join their investment club. From the Bogleheads Guide p. 227: Mensa is an exclusive society whose membership is restricted to persons scoring in the top 2 percent on IQ tests. During a 15-year period when the S&P 500 had average annual returns of 15.3 percent, the Mensa Investment Club's perfo...
by Chip
Fri Mar 16, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 316
Views: 49199

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I know cars and have never heard any manufacturer NOT requiring premium fuel for a turbo charged engine. News release about the 2017 Civic, direct from Honda : In LX, EX and EX-L Navi models which are designed to operate on regular unleaded fuel , the 1.5-liter 16-valve DOHC direct-injected turboch...
by Chip
Thu Mar 15, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Recharacterization for 2017 Conversion - either TurboTax has a bug or I'm confused
Replies: 4
Views: 539

Re: 2018 Recharacterization for 2017 Conversion - either TurboTax has a bug or I'm confused

I think you understand the recharacterization process but think you're a little confused on how to use TT. I also am using TT Premiere, and am recharacterizing 2017 Roth conversions in both 2017 and 2018. I haven't looked carefully, but I don't see a field labeled "Outstanding Recharacterizations" o...
by Chip
Thu Mar 15, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with how to respond to CP2000.
Replies: 28
Views: 3357

Re: Help with how to respond to CP2000.

My experience with CP2000 letters is that they instruct you that you DO NOT need to submit a 1040X to correct the return if you agree with their proposed changes. Submitting one would then just gum up the works. And of course if you do not agree with their changes and just need to document the cost...
by Chip
Thu Mar 15, 2018 6:53 am
Forum: Personal Consumer Issues
Topic: Tires on a 15 year old car....Replace or not?
Replies: 79
Views: 5556

Re: Tires on a 15 year old car....Replace or not?

The rubber hardens with age so they won't have the traction of new tires. I suspect they are at more risk of sudden failure as well.

If you were planning on highway driving or more mileage I think it would be a no-brainer.
by Chip
Thu Mar 15, 2018 4:10 am
Forum: Investing - Help with Personal Investments
Topic: Help with how to respond to CP2000.
Replies: 28
Views: 3357

Re: Help with how to respond to CP2000.

Thank you everyone for the response. I tried to call today and gave up after 30 minutes wait (I have to run to a meeting). I decided to mail all the required papers along with a $60 check and see what will happen from there. As others have mentioned, please don't send in a $60 check unless you are ...
by Chip
Thu Mar 15, 2018 3:57 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 316
Views: 49199

Re: My 2017 CRV is a victim of the dreaded oil gas dilution issue

OP, does your driving pattern include a lot of short trips in cold weather? Just curious.
by Chip
Wed Mar 14, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: Schwab CORRECTED 1099 DIV for - 2016 AND 2017
Replies: 8
Views: 811

Re: Schwab CORRECTED 1099 DIV for - 2016 AND 2017

For SCHE the reclassification is about 1/7th of the distribution (unshown in the early notice was division between qualified and non); for me this holding is in a tax-advantaged account, so zero impact. For SCHO the reclassification is borderline de minimis , about six hundredths of a penny per sha...
by Chip
Wed Mar 14, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Schwab CORRECTED 1099 DIV for - 2016 AND 2017
Replies: 8
Views: 811

Re: Schwab CORRECTED 1099 DIV for - 2016 AND 2017

edited orig posting - it was for the 1099-DIV portion As MP123 requested, please let us know the names/tickers of the securities that were affected. I own FNDF and SCHF and have been expecting an amended 1099-DIV based on a Section 19(a) notice I received from Schwab, noting that some of the divide...
by Chip
Mon Mar 12, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction for 2018 Revisited
Replies: 3
Views: 802

Re: Standard Deduction for 2018 Revisited

My recollection is that the 26,600 number was specifically enumerated in the new tax law via the 24k standard deduction plus 1,300 each for 65 or over. Then subsequent years are subject to the chained CPI adjustment. So I don't believe that there was ever any IRS thinking about it. This year's numbe...
by Chip
Mon Mar 12, 2018 6:41 am
Forum: Personal Consumer Issues
Topic: Cookware Brands - Demeyere?
Replies: 43
Views: 3853

Re: Cookware Brands - Demeyere?

I have a Demeyere 4.5 qt saute pan that is probably 20 years old. It has a disk sandwich bottom vs. the fully clad construction that they seem to be using now. I guess mine is a bit lighter than the fully clad equivalent. I like it a lot and have zero complaints. It looks brand new, though it doesn'...
by Chip
Sun Mar 11, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Restricted SS Application - Language Check
Replies: 40
Views: 3528

Re: Filing Restricted SS Application - Language Check

For those who might be wondering how the transition to Medicare Part B premium payments are handled. In Feb., I received and paid a quarterly bill to cover March, April and May. My first SS payment will occur in April with the premium deducted. I just received a refund check in the mail from the US...
by Chip
Sat Mar 10, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: What are your auto insurance limits?
Replies: 59
Views: 5326

Re: What are your auto insurance limits?

$543 per year? That is only about $45 per month? Seems quite low for two cars and 20k miles per year total? Yes, $543 is accurate. It was $478 last year before I added UM/UIM. We both have good driving records. It was only $275/year in 2010 when I didn't have collision, comprehensive, nor UM/UIM. L...
by Chip
Sat Mar 10, 2018 6:54 am
Forum: Personal Finance (Not Investing)
Topic: What are your auto insurance limits?
Replies: 59
Views: 5326

Re: What are your auto insurance limits?

Bodily injury: 300k/500k Property damage: 100k/incident Uninsured / underinsured: 300k/500k injury. No property damage coverage. Collision - $1000 deductible (one vehicle) Comprehensive - $1000 deductible (one vehicle) Two vehicles. Drive 20k/year. Premium is $543/year. Also have a 4M umbrella that ...
by Chip
Sat Mar 10, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: What are your auto insurance limits?
Replies: 59
Views: 5326

Re: What are your auto insurance limits?

Property Damage Liability: $50,000 each accident Bodily Injury Liability: $25,000 each person / $50,000 each accident Comprehensive: $250 deductible Collision: $500 deductible Your bodily injury and property damage coverage seem really low. Unless you're ready to file for bankruptcy after any sort ...
by Chip
Fri Mar 09, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: Sump Pump Issues - What can I do, if anything?
Replies: 27
Views: 3192

Re: Sump Pump Issues - What can I do, if anything?

Raising the pump may help so long as you keep the highest point below the floor. I have a high water table and at times when the table is high I had to do that to reduce nuisance runs. In my case LOWERING the pump was the right thing to do. When I moved in to my house the pump would activate and ru...
by Chip
Fri Mar 02, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Properly calculating "work mileage"
Replies: 2
Views: 325

Re: Properly calculating "work mileage"

You deduct the six miles from work to the bank. See IRS Pub 17 for a good diagram for determining mileage deductibility. I guess, technically, business mileage.
by Chip
Sun Feb 18, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Is a Brokerage "Redemption Fee" tax deductible?
Replies: 14
Views: 895

Re: Is a Brokerage "Redemption Fee" tax deductible?

I see. Thanks, Andy.

I suspect part of the reason I've never seen anything like that at TaxAide is that, as you know, few of our clients keep records at that level of detail.
by Chip
Sat Feb 17, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly person’s muni bonds when moving to new state
Replies: 6
Views: 642

Re: Elderly person’s muni bonds when moving to new state

Thanks. I'd never seen that before. Based on some quick Googling it appears that Utah is the only state with such a reciprocity law. Do you know of any others?
by Chip
Sat Feb 17, 2018 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Is a Brokerage "Redemption Fee" tax deductible?
Replies: 14
Views: 895

Re: Is a Brokerage "Redemption Fee" tax deductible?

The Scottrade 1099 statement had two "miscellaneous fees" of $20 each for two stocks that my brother owns. One was sold in 2017 and I applied the $20 adjustment just exactly as you mentioned. That sale was a short-term "covered" sale, with cost basis reported to the IRS. The other stock wasn't sold...
by Chip
Sat Feb 17, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Is a Brokerage "Redemption Fee" tax deductible?
Replies: 14
Views: 895

Re: Is a Brokerage "Redemption Fee" tax deductible?

welderwannabe is correct, depending on the circumstances. The important issue is that the total sale proceeds reported to the IRS by the broker match what the taxpayer reports to the IRS. If the broker reports GROSS proceeds and doesn't include the redemption fee in cost basis, taxpayer should repor...
by Chip
Sat Feb 17, 2018 6:35 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 5677

Re: Best plants to grow to save money for food costs

Herbs are a very good idea for the reason you cite. Plus they don't seem to have as many pests as vegetable crops. I'm not much of a gardener. My forays into gardening have always produced extremely expensive vegetables. And that was valuing my time at my regular retirement rate of $.02/hr. I just b...