Search found 2188 matches

by RudyS
Sat May 15, 2021 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2021 QCD at Vanguard
Replies: 56
Views: 3084

Re: 2021 QCD at Vanguard

Can I have Vanguard send the QCD check to me directly? Almost all of the qualified contributions we make are online. I can save the confirmations I get from the charities as back up along with a copy of the check. Anybody does this? See Stan1's post, above. That's the process, but you should consid...
by RudyS
Thu May 13, 2021 1:12 pm
Forum: Personal Consumer Issues
Topic: USPS Delivery issues
Replies: 38
Views: 3219

Re: USPS Delivery issues

Here's an update for those interested, I called TSP and they let me know that I will have to resubmit the package, the deadline has come and gone. My lesson is learned and I will never use certified mail for time sensitive material again, or the USPS if at all possible. I've never called TSP before...
by RudyS
Thu May 13, 2021 12:42 pm
Forum: Personal Consumer Issues
Topic: how to get rid of junk mail for my mother
Replies: 42
Views: 2511

Re: how to get rid of junk mail for my mother

sport wrote: Tue May 11, 2021 11:59 am
rich126 wrote: Tue May 11, 2021 11:34 am I'd prefer to give cash or give it anonymously...
This will not work if you make QCD donations.
True. But I find that the organizations I send QCDs to usually respond to an emailed request to limit mailings to once a year.
by RudyS
Mon May 10, 2021 4:02 pm
Forum: Personal Consumer Issues
Topic: Buying books online - Amazon alternative?
Replies: 31
Views: 2080

Re: Buying books online - Amazon alternative?

I second someone's comment about "of course eBay." Has worked very well for me. Be sure to check feedback rating of the seller.
by RudyS
Mon May 10, 2021 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: What prompted you to pull the plug and retire?
Replies: 126
Views: 12459

Re: What prompted you to pull the plug and retire?

Though I had the option to stay and I liked the job, they made me an offer I couldn't refuse. A buyout, good enough to be done with it all. Exactly! I was 64 and prepared to work a bit longer, but figured if I turned down the package, in another year they might decide they didn't need me, and no pa...
by RudyS
Sat May 08, 2021 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Please Weigh In, Can't Ask Anyone Else - Burial Planning
Replies: 52
Views: 4287

Re: Please Weigh In, Can't Ask Anyone Else - Burial Planning

I vote for option 1. Get a plot for you two. No way to know where the kids will wind up and what their preferences will be when the time comes. I have one set of grandparents in another country. The other set in a mid-Atlantic state. My parents are in Florida. My wife's parents and grandparents are ...
by RudyS
Thu May 06, 2021 12:23 pm
Forum: Personal Investments
Topic: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?
Replies: 60
Views: 8801

Re: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?

I'm currently also reading a thread about how much to leave to your kids (heirs.) So I am going to propose something derived from both topics. Shoot for a "final" age of at least 90. Or more based in family history. If you last that long, wonderful; if not let the kids enjoy the excess.
by RudyS
Wed May 05, 2021 8:46 pm
Forum: Personal Investments
Topic: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?
Replies: 60
Views: 8801

Re: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?

Biggest concern in my mind is the part about living to 85. Why such an early age? I know many people who get to their 90's and a few over 100.
by RudyS
Mon May 03, 2021 9:18 pm
Forum: Personal Consumer Issues
Topic: Tips for Carrying Food in Hot Climate?
Replies: 39
Views: 2795

Re: Tips for Carrying Food in Hot Climate?

RickBoglehead wrote: Sun May 02, 2021 7:41 am Cooler in trunk with frozen blue ice blocks. We do that regardless of climate.
Works well for us.
by RudyS
Sun May 02, 2021 9:24 pm
Forum: Personal Investments
Topic: Cold feet before dumping 25K into crowdfunding real estate?
Replies: 47
Views: 6217

Re: Cold feet before dumping 25K into crowdfunding real estate?

Reminds me of Master Limited Partnerships which were "a thing" about 40 years ago. Sounded great, but the hassle of dealing with the K-1s, etc., was a real pain. But the real problem was that by the time these were closed out, I was lucky to break even (had 3 of these). But the promoters m...
by RudyS
Sat May 01, 2021 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: What do you wish you knew before you retired you know now!
Replies: 98
Views: 15924

Re: What do you wish you knew before you retired you know now!

I did not fully understand the advantage(s) of deferring social security. The potential advantage of Roth IRA vs t-IRA. Can you enlighten us on what advantages you refer to. It's something I have thought about. My situation (to simplify it is) as follows Claim $2270 at 62 = 490K (live till 80) Clai...
by RudyS
Sat May 01, 2021 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: What do you wish you knew before you retired you know now!
Replies: 98
Views: 15924

Re: What do you wish you knew before you retired you know now!

I did not fully understand the advantage(s) of deferring social security. The potential advantage of Roth IRA vs t-IRA.
by RudyS
Fri Apr 30, 2021 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 18003

Re: Discuss Net Worth with Adult Children

we are considering sharing with them the money we have in our portfolio which some day they will inherit. No, don't do that. Life is unpredictable. The market may crash, never to recover, leaving you broke. You may get sick and spend it all on medical expenses or nursing homes. You may decide you w...
by RudyS
Mon Apr 26, 2021 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Roadside Assistance Coverage
Replies: 11
Views: 881

Re: Auto Insurance Roadside Assistance Coverage

One time I had a flat driver's side tire that needed to be changed. On a busy interstate. I could have, and have actually, changed tires myself, but really felt a LOT safer having the big wrecker with flashing lights out there to protect the person who changed the tire.
by RudyS
Sat Apr 24, 2021 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Letter 6330c from IRS asking us to prove our identities
Replies: 9
Views: 1376

Re: Letter 6330c from IRS asking us to prove our identities

Looks like a valid request. You can search the phrase, Understanding Your Letter 4883C or 6330C, to find the irs.gov webpage explaining the need to validate your ID. Yeah, the process exists but that doesn't mean the REQUESTOR is valid. Googling the phone number in the OP leads to info about IRS.
by RudyS
Sat Apr 24, 2021 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 18003

Re: Discuss Net Worth with Adult Children

They both know that $30K per year has been going into gift trusts for their benefits, but don't know the details, including that they get the right to withdraw part of it at certain ages. Earning a large salary has never been a motivator for one child, who along with spouse has pursued a career in ...
by RudyS
Sat Apr 24, 2021 10:55 am
Forum: Personal Consumer Issues
Topic: IPhone Battery Replacement?
Replies: 84
Views: 5280

Re: IPhone Battery Replacement?

Apple no longer includes earbuds with any of the phones they sell. Bought the SE2020 a few months ago, came with earbuds and Lightning cord. It's not supposed to. The change was supposed to be retroactive to iPhone SEs, so yours might have been old stock unless they quietly changed the policy back....
by RudyS
Fri Apr 23, 2021 9:20 pm
Forum: Personal Consumer Issues
Topic: Where to travel with grandparents if they don’t like the beach and can’t walk too far
Replies: 54
Views: 5047

Re: Where to travel with grandparents if they don’t like the beach and can’t walk too far

National Parks could work. Most NPs are very scenic from the car. Also, there are usually a lot of pull offs for short walks are just sit and enjoy the scenary. I thought about this, but it would kill us a little bit not to hike further afield! I suppose we could split up for part of the day. p.s. ...
by RudyS
Fri Apr 23, 2021 9:15 pm
Forum: Personal Consumer Issues
Topic: IPhone Battery Replacement?
Replies: 84
Views: 5280

Re: IPhone Battery Replacement?

I personally would not care if apple store people snooped in my phone. I can't even think what anyone would have on their phone that they would care that the whole world would see (which hackers certainly can). Maybe I'm just boring with my mom's phone number and wife's email addresses stored. Meh....
by RudyS
Fri Apr 23, 2021 9:12 pm
Forum: Personal Consumer Issues
Topic: IPhone Battery Replacement?
Replies: 84
Views: 5280

Re: IPhone Battery Replacement?

starboi wrote: Fri Apr 23, 2021 3:09 pm Apple no longer includes earbuds with any of the phones they sell.
Bought the SE2020 a few months ago, came with earbuds and Lightning cord.

BTW, that phone is $399, but free from Verizon IF you have an unlimited plan.
by RudyS
Wed Apr 21, 2021 10:34 am
Forum: Personal Consumer Issues
Topic: OTC hearing aids: experiences, wisdom?
Replies: 12
Views: 1336

Re: OTC hearing aids: experiences, wisdom?

Another option is mdhearingaid.com https://www.mdhearingaid.com/en/content/hearing-aid-comparisons?campaign_phone=8009356198&gclid=Cj0KCQjw9_mDBhCGARIsAN3PaFP_oEgxSxoW2P-qI9AbcebPgrXdcxrD27O4pCAJgiPS0dRh4uFC_N0aAnNVEALw_wcB They start at $499, have a 45 day money back guarantee, and are “FDA re...
by RudyS
Sat Apr 17, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should/Can I file an tax amendment for incorrectly reported capital gains
Replies: 5
Views: 470

Re: Should/Can I file an tax amendment for incorrectly reported capital gains

FiveK wrote: Sat Apr 17, 2021 2:18 am Yes, you may. Up to you to decide if the amount of the overpayment is worth your time to correct.

See filing 1040X to correct cost basis on 1099B for a similar situation.
and then you likely would have to amend the state return too.
by RudyS
Sat Apr 17, 2021 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I bother my insurance agent every renewal?
Replies: 6
Views: 819

Re: Should I bother my insurance agent every renewal?

Why not have him check rates on all the policies at renewal/annually? Skip checking at the 6 month auto renewal.
by RudyS
Sat Apr 17, 2021 10:29 am
Forum: Personal Consumer Issues
Topic: Do you tip your hibachi chef?
Replies: 22
Views: 2366

Re: Do you tip your hibachi chef?

Do you mean teppanyaki? https://en.wikipedia.org/wiki/Teppanyaki A hibachi is a little teensy portable charcoal BBQ grill. https://en.wikipedia.org/wiki/Hibachi From your Wikipedia link: "Teppanyaki (鉄板焼き, teppan-yaki), also known in some countries as Hibachi" I get it, but right or wrong...
by RudyS
Thu Apr 15, 2021 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Template for financial life for spouse if I’m dead?
Replies: 36
Views: 2380

Re: Template for financial life for spouse if I’m dead?

I am the financial spouse. We don't use bill pay but use auto pay (linked to joint checking account). Is there a reason to switch to bill pay? For a long time until this year I did manual payments through the various websites, but made a mistake (fortunately forgiven so no cost to me) a few months ...
by RudyS
Wed Apr 14, 2021 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: [Spouse recently passed away. Please help me handle his financial matters]
Replies: 162
Views: 14888

Re: [Spouse recently passed away. Please help me handle his financial matters]

On the minus side, I had to scan in a bunch of IRS forms. Expect to spend some time compiling and organizing the forms. Tip: Get a good desktop scanner. You'll need it throughout the year as you submit forms to a lot of places. Everyone wants a copy of something. Using a cellphone to take a photo i...
by RudyS
Fri Apr 09, 2021 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for 10+ year retirees
Replies: 21
Views: 2978

Re: Questions for 10+ year retirees

Retired just over 20 years now at 65. The BIGGEST difference in our expenses is housing. We lived in a paid-up house in a medium COL area for about 18 years. THEN we relocated into a CCRC (continuing care retirement community) in what is close to a HCOLA. The actual figures vary very much so you'd n...
by RudyS
Thu Apr 08, 2021 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Amending medical record...best financial decision?
Replies: 27
Views: 2911

Re: Amending medical record...best financial decision?

The OP is asking about a financial aspect. Please, let’s keep away from discussions of treatments for the son’s condition. With all due respect, I took Big Dogs suggestion as a way to provide another input to the insurance company rating son's alleged condition. Such a hospital etc might carry more...
by RudyS
Wed Apr 07, 2021 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Buy the Audit protection (story)
Replies: 4
Views: 984

Re: Buy the Audit protection (story)

Thanks for sharing this experience. I have "always" used TurboTax, and never till last year even considered the audit protection. But last year we changed states, and moved to a CCRC where part of the fee is deductible as prepaid medical expense. Although I three times in the past I have s...
by RudyS
Wed Apr 07, 2021 1:52 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7488

Re: How to lose the desire of outperforming the market?

For those of who have the tinkering urge, I like the idea of doing the boring index thing with the vast majority of one's account (401k, etc), and having your own "play money" side account with a small portion of your portfolio, like 5% or less. Do robinhood, leverage, individual stocks, ...
by RudyS
Tue Apr 06, 2021 3:32 pm
Forum: Personal Investments
Topic: Mom's Legacy
Replies: 19
Views: 2880

Re: Mom's Legacy

We lost our Mom in August from natural causes, and we miss her a lot, Mom left us a 5 figure cash amount, among other assets, the cash is in a bank account earning 0 interest, we don't need the money, but would like to see it grow to keep Mom's fund from dwindling down, what advise and which , Vang...
by RudyS
Sun Apr 04, 2021 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Odd -(probably boneheaded) Tax question
Replies: 22
Views: 2236

Re: Odd -(probably boneheaded) Tax question

This discussion reminds me of the time where I got an IRS CP2000 letter indicating I had understated my tax due to the capital gains calculation. I asked TurboTax for help, but while waiting on the phone I kept looking at my return and found the problem. TT had used the Qualified Dividends and Capit...
by RudyS
Thu Apr 01, 2021 3:14 pm
Forum: Personal Consumer Issues
Topic: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)
Replies: 60
Views: 4910

Re: Planning a long backpacking trip w/ 2 nights in Vegas, recommendations? (Zion Nat'l Park, Yosemite, Grand Canyon)

Something to keep in mind is that rental car agreements usually specify that you cannot take the rental car off of paved roads. A concern is that if you are in an accident when you are on a dirt or gravel road that no car insurance would cover you since you were in violation of the rental agreement...
by RudyS
Thu Apr 01, 2021 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Moving: app or software to plan furniture in rooms
Replies: 2
Views: 228

Re: Moving: app or software to plan furniture in rooms

I've used excel for quick floor plans. Change the format so each cell is square and use borders for boundaries. Works great. Jordan Furniture (Massachusetts) has such a program, free, online, but you need to register. Also lets you put the furniture (from their site) into the rooms. Fairly easy to ...
by RudyS
Mon Mar 29, 2021 8:56 pm
Forum: Personal Investments
Topic: Leaving paid advisor with a large balance and gains
Replies: 26
Views: 3875

Re: Leaving paid advisor with a large balance and gains

I never could understand the concept of waiting for a pull-back to sell so that the tax is lower. The gain is also lower. Unless there is a timing issue that puts you into a lower bracket after a pull-back. What am I missing? If you're trading between different funds that are quite similar (ex: sp5...
by RudyS
Mon Mar 29, 2021 4:35 pm
Forum: Personal Investments
Topic: Leaving paid advisor with a large balance and gains
Replies: 26
Views: 3875

Re: Leaving paid advisor with a large balance and gains

I never could understand the concept of waiting for a pull-back to sell so that the tax is lower. The gain is also lower. Unless there is a timing issue that puts you into a lower bracket after a pull-back. What am I missing?
by RudyS
Mon Mar 29, 2021 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Cancer, Heart Attack & Stroke Insurance
Replies: 9
Views: 823

Re: Cancer, Heart Attack & Stroke Insurance

It seems kind of like narrowly focused long-term care insurance. I'm a bit skeptical mostly because the rates seem low and aren't age-based. Given how prevalent cardiovascular disease and cancer are, it's not clear how this is worth it to the company, unless their payouts are highly constrained. Yo...
by RudyS
Mon Mar 29, 2021 9:29 am
Forum: Personal Finance (Not Investing)
Topic: CP2000 Need help
Replies: 15
Views: 600

Re: CP2000 Need help

Does not the second (and/or first) CP2000 explain how to appeal their decision? I seem to recall that there is such info. Did you call the number shown on the CP2000?
by RudyS
Sat Mar 27, 2021 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Should I stay or should I go?
Replies: 48
Views: 5174

Re: Should I stay or should I go?

When I was in a similar position once, I asked a trusted friend for advice. He wisely said: "There isn't any decision to be made here. Accept the job. Then, every Monday morning when you wake up, ask yourself if you want to go back to work that week. If the answer is 'no', quit." Worked f...
by RudyS
Fri Mar 26, 2021 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Account - Checking
Replies: 38
Views: 3565

Re: Bank Account - Checking

I think people may be getting mixed up. When I read your post, you are looking for a bank that has a checking account that has a low minimum balance. That way, you can keep the bulk of your money in a separate higher yielding savings account. Most banks have some sort of no-fee low minimum balance ...
by RudyS
Wed Mar 24, 2021 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Transferring assets to siblings
Replies: 6
Views: 665

Re: Transferring assets to siblings

bearwithbear wrote: Wed Mar 24, 2021 11:25 am OP,

Doesn't the cost basis stay with a gift?
Stepped up basis if inherited.
So how do your siblings sell highly appreciated shares for little or no gain?

Bear
Since we were given no details about the siblings, the more or less obvious answer is, it depends on their tax brackets.
by RudyS
Mon Mar 22, 2021 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to Deal with Worry of job loss and providing for family?
Replies: 127
Views: 10447

Re: How to Deal with Worry of job loss and providing for family?

To be honest, it was way too stressful for us. We had a four month period where I wasn't working, and it was too stressful for my husband, and it was too stressful for me. But I have many dear friends who are SAHMs, and it works really well for their families. I agree with all the above suggestions...
by RudyS
Sun Mar 21, 2021 4:57 pm
Forum: Personal Consumer Issues
Topic: REAL ID now set to be effective May 3 2023 UPDATE
Replies: 130
Views: 10041

Re: REAL ID still set to be effective Oct 1 2021

Social Security cards must NOT be laminated in Massachusetts. Even a piece of Scotch tape across the numbers was ground for rejection. So I just got a regular DL and will use my passport where needed. Why was there scotch tape? To protect the number from the wear of it being in my wallet. Did that ...
by RudyS
Sun Mar 21, 2021 4:32 pm
Forum: Personal Consumer Issues
Topic: REAL ID now set to be effective May 3 2023 UPDATE
Replies: 130
Views: 10041

Re: REAL ID still set to be effective Oct 1 2021

Social Security cards must NOT be laminated in Massachusetts. Even a piece of Scotch tape across the numbers was ground for rejection. So I just got a regular DL and will use my passport where needed.
by RudyS
Wed Mar 17, 2021 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to report selling expenses when 1099-B reports gross proceeds and no basis
Replies: 2
Views: 399

Re: How to report selling expenses when 1099-B reports gross proceeds and no basis

I have a 1099-B. In the "Proceeds", it has the gross proceeds from the sale of the stock, and the "gross proceeds" checkbox is checked in box 6. The "basis reported to IRS" checkbox in box 12 is not checked, and box 1e (cost or other basis) is blank. Various things wer...
by RudyS
Wed Mar 17, 2021 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable deduction carryover. How to extend it beyond 5 years.
Replies: 4
Views: 347

Re: Charitable deduction carryover. How to extend it beyond 5 years.

IRS Pub 526 shows some exceptions to the general rule that partial interest of property are not deductible. I have not been in this situation, but just put Google to work. It is certainly worth your while to pursue this. Another possibility is a charitable gift annuity, but I have no knowledge of de...
by RudyS
Wed Mar 17, 2021 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Q? for Tax Guru's: Minor Correction to 1099
Replies: 5
Views: 342

Re: Q? for Tax Guru's: Minor Correction to 1099

If you are on the cash basis, like the majority of us, then if it was "paid in 2021" that means it goes on your 2021 return. No idea why Schwab would see this as 2020 income.
by RudyS
Wed Mar 17, 2021 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 407
Views: 47088

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Here is a case I worked on some time ago. Family patriarch starts a successful business in the 1960's. The business grows into a national manufacturer that employs a couple of hundred people. He leaves the business to the son who took over running it. The daughter, who had no day to day connection ...
by RudyS
Tue Mar 16, 2021 8:37 pm
Forum: Personal Consumer Issues
Topic: interstate movers recommendation
Replies: 19
Views: 1022

Re: interstate movers recommendation

My post from a few months ago [and again a bit ago] in response to a similar question, might be useful depending on size of your load: First, take the documents and irreplaceable mementos with you, do not give them to the movers. Then, consider doing what United Van Lines calls a "snap move.&qu...
by RudyS
Tue Mar 16, 2021 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust account keeps sending paper statements
Replies: 13
Views: 1006

Re: Vanguard Trust account keeps sending paper statements

My trust account (my name only) at Vanguard is paperless, my husband's trust account there (his name only) sends paper statements and we can't seem to change it to paperless. One of life's mysteries we've given up on solving. So the trust is in one name. But are there 2 trustees for each trust? In ...