Search found 1671 matches

by Kagord
Tue Mar 26, 2024 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Approaching parents about removing oneself from their estate
Replies: 35
Views: 3918

Re: Approaching parents about removing oneself from their estate

Mr. Rumples wrote: Tue Mar 26, 2024 5:11 am In VA a person can disclaim part or the entirety of an inheritance. Thus, one can wait for the inventory or later to notify the applicable folks/courts.
https://law.lis.virginia.gov/vacodefull ... 4.2%2D2610.

I did this in disclaiming property which was full of asbestos and lead. I just didn't want to deal with it.
+1 Speaking from experience, you may be conservative with your 10-20 year estimate, a lot can change, I would not bring this up, it's your parents wishes, let them do what they want. You can investigate the disclaiming process from a consult with an estate planning attorney just to get educated.
by Kagord
Mon Mar 25, 2024 9:56 pm
Forum: Personal Investments
Topic: Those complimentary dinners for retirees by investment advisors
Replies: 144
Views: 10606

Re: Those complimentary dinners for retirees by investment advisors

Utility wise, I don't think a "free" $200 dinner with the dw is worth the 45 minute spiel.
by Kagord
Sun Mar 24, 2024 3:43 pm
Forum: Personal Consumer Issues
Topic: When brand names matter and when they don't
Replies: 194
Views: 11918

Re: When brand names matter and when they don't

On the ice cream, I find Breyer's Natural Vanilla pretty good, hopefully it survives the spin off, cream is getting expensive, maybe not as expensive as cocoa though. Still waiting for 1.375 qt, surprised it hasn't come yet.
by Kagord
Sun Mar 24, 2024 6:13 am
Forum: Personal Consumer Issues
Topic: Pressure Washer
Replies: 20
Views: 1588

Re: Pressure Washer

I recommend a gas one to get the extra power. As far as buying, I recommend whatever is the current gas powered 3000 psi one at Costco when it is in the coupon book (maybe next month). This is just for the easy ability to return if there is a premature failure after the mfr warranty expires ( you have to empty out the oil and gas before returning). Maybe it's just me, but I've been through a lot of failures over the years of owning many different brands, mainly on the pump side of things, either the pump fails, or the casting cracks somewhere. The one I have now from Costco is going on 7 years with 15-20X use a year, so I'm on a good run with this one (Powerstroke with Subaru engine). Maintenance...I spray pump protector in after each use, ...
by Kagord
Sat Mar 23, 2024 5:32 am
Forum: Personal Finance (Not Investing)
Topic: HSA reimbursement for first 7.5% of AGI
Replies: 9
Views: 842

Re: HSA reimbursement for first 7.5% of AGI

^^^This, no free lunch
by Kagord
Sat Mar 23, 2024 5:22 am
Forum: Personal Consumer Issues
Topic: Paying Electric Bill With Checking
Replies: 49
Views: 3545

Re: Paying Electric Bill With Checking

I have have a bank account pretty much just for this (EFT payments where the convenience fees > credit card benefit/interest on credit card float). I link my bank account to my investing account, and manage transfers back and forth between the bank account and investing account. My target is to have just $500 of extra cash in the bank account, after outstanding deposits and withdrawals are accounted for. Fraud-wise, I've never had an issue, but if one of these companies I'm using EFT with get's hacked, and my bank account is somehow compromised and emptied, they are not getting much. The bigger benefit with this strategy, is that you don't have much idle cash in a bank account that doesn't pay very much interest (this assuming you are manag...
by Kagord
Mon Mar 18, 2024 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis for a trade to protect downside.
Replies: 7
Views: 515

Re: Analysis for a trade to protect downside.

I recommend "Options as a Strategic Investment" by McMillan, it's a textbook, your local library might have it. This book goes into detail how options work (including the greeks) with a plethora of strategies and the reasoning behind those strategies.

Then, I recommend starting a paper trading account before real money to test your understanding.
by Kagord
Mon Mar 18, 2024 9:56 am
Forum: Personal Consumer Issues
Topic: Oak kitchen/bath cabinet solutions?
Replies: 11
Views: 1009

Re: Oak kitchen/bath cabinet solutions?

Professionally paint them (a warm white color, perhaps), and update the hardware. Oak has such a pronounced, busy, and contrasty grain, I don't think a whitewash would look good, my 2 cents, beauty is in the eye of the beholder.

Hope that this absolutely superb and practical hardwood loved in the 80s never becomes trendy again.
by Kagord
Sun Mar 17, 2024 4:54 am
Forum: Personal Finance (Not Investing)
Topic: Confused about 1099-Q and 1098-T
Replies: 19
Views: 1510

Re: Confused about 1099-Q and 1098-T

Just bringing up a lesson I learned the hard way, the 1098-T is cash based in the year paid, not academic year based. IE, if you paid in December 2022 for Spring 2023, that payment would show on the tax year 2022 1098-T. I recommend pre planning the cash timing for the 1098-T, 529 withdrawals, and AOTC to ensure everything lines up.

I've observed some private schools have earlier payment deadlines, sometimes it's worth it to take a late payment penalty (or work with their finance dept) to gain favorability in other areas.
by Kagord
Sat Mar 16, 2024 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab cannot overnight a replacement debit card
Replies: 87
Views: 6429

Re: Charles Schwab cannot overnight a replacement debit card

I'm not sure, but doesn't Schwab use an intermediary bank like BNY, I'm not really sure, is Schwab actually printing that card? Just saying there may be some complexities that take more time, versus previous expectations working directly with an issuing institution.

No doubt, it's a great card to use overseas, and I'd prefer to use it over my 2 backup cards.

edits: typos
by Kagord
Sat Mar 16, 2024 7:30 am
Forum: Personal Consumer Issues
Topic: Utilities cost?
Replies: 57
Views: 4395

Re: Utilities cost?

primetime wrote: Fri Mar 15, 2024 9:32 am Yes, I'm wondering how that compares to national average.
Location is a variable, add in sewer, cable/internet/phone, streaming (cable substitute, perhaps), waste, and see where you compare here:: https://www.rubyhome.com/blog/average-utility-bill/


I'm $80/month over where I live, looking at the whole year divided by 12 (I have a larger home).
by Kagord
Sat Mar 16, 2024 6:40 am
Forum: Personal Consumer Issues
Topic: Buying an Expensive Car
Replies: 101
Views: 8726

Re: Buying an Expensive Car

1'd lease to get it out of your system, for me, I'd be bored of a M/S/AMG..etc in 3 years anyways :sharebeer
by Kagord
Sat Mar 16, 2024 6:35 am
Forum: Personal Finance (Not Investing)
Topic: “Bellys” on sewer scope for new house
Replies: 41
Views: 2554

Re: HVAC 30 years old on house under contract

jebmke wrote: Sat Mar 16, 2024 6:32 am
bob60014 wrote: Sat Mar 16, 2024 6:28 am I didn't see it, was there actually a inspection contingency in place?
Even if there is, this is something easily discoverable by the buyer up front. I always have a list of simple questions, often I get my broker to get answers even before first walk through.

How old is the roof.
Age of heating and AC
Age of appliances
Known code violations.
Was there ever an underground oil tank on the property?

Home buying 101.
I'll add pulling all permits, can be very informative.
by Kagord
Sat Mar 16, 2024 6:27 am
Forum: Personal Finance (Not Investing)
Topic: “Bellys” on sewer scope for new house
Replies: 41
Views: 2554

Re: HVAC 30 years old on house under contract

That 30 year old AC may outlast the newer one. Maybe I've been lucky with old units lasting 40+ years, and unlucky with post 2005 units barely making it to 15 years, if that.
by Kagord
Thu Mar 14, 2024 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of roofing and siding as a percent of house value
Replies: 25
Views: 2045

Re: Cost of roofing and siding as a percent of house value

I try to plan and accumulate, mentally, 1-1.5% of the current house market value annually for future repairs. This is kept in a contra account in my head. But that doesn't mean I enjoy writing checks for 10's of thousands of dollars. That number might be reasonable for a 200k house in the middle of Missouri but for 1mil+ in a HCOL area (i.e. no a Texas McMansion), definitely too much money to save for house repairs. If you want to do a 200k worth of kitchen and bath reno's in 10 years then yeah. FWIW, the roof on my current house was 20k/1.4mil = 1.4%. Previous house was 14k/500k = 2.8%. Yes - the % has nothing to do with the value of the home being 'sold'. It has to do with the construction and replacement costs for that home in that loca...
by Kagord
Wed Mar 13, 2024 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of roofing and siding as a percent of house value
Replies: 25
Views: 2045

Re: Cost of roofing and siding as a percent of house value

I try to plan and accumulate, mentally, 1-1.5% of the current house market value annually for future repairs. This is kept in a contra account in my head.

But that doesn't mean I enjoy writing checks for 10's of thousands of dollars.
by Kagord
Tue Mar 12, 2024 8:20 pm
Forum: Investing - Theory, News & General
Topic: what does the "11" mean in this video?
Replies: 8
Views: 1236

Re: what does the "11" mean in this video?

No, it's not based on a Marshall amplifier. The company issued 110 shares, it's implied. 110 shares divided by 10 investors is 11 shares, hence the 11.
by Kagord
Tue Mar 12, 2024 8:57 am
Forum: Personal Consumer Issues
Topic: Umbrella Policy & IRA
Replies: 9
Views: 1186

Re: Umbrella Policy & IRA

Even a $5M policy's premium is trivial at your net worth, I'd throw away a few hundred dollars a year extra for $5M for the increased coverage of an extremely rare catastrophic event.
by Kagord
Mon Mar 11, 2024 9:50 am
Forum: Personal Consumer Issues
Topic: Looking for upright piano in northern / central NJ
Replies: 17
Views: 1278

Re: Looking for upright piano in northern / central NJ

finite_difference wrote: Mon Mar 11, 2024 12:06 am For an upright to keep for decades, I would get a used Yamaha U1 in good condition.

See reviews of Yamaha pianos including the U1 at the bottom: https://scopereviews.com/piano.html
+1, the U1 will be the easiest to get rid of, at close to what you paid for it, should you wish to sell it.
by Kagord
Sun Mar 10, 2024 7:57 am
Forum: Personal Investments
Topic: Inherited IRA Rule Clarification
Replies: 10
Views: 1029

Re: Inherited IRA Rule Clarification

No expert, my guess is that the original intent of the Secure Act 1.0 was to continue the annual RMD as it was for non spouse IRAs, with full liquidation required by year 10. But then euphoria of timing RMDs to whenever/whatever you want within 10 years hit the media. Then the "whoops, wait, that's not what we meant" in the legal language, resulting in confusion that's ensued since, and waivers and what not.

So, I wouldn't say it's clear, but I would say it's a mess. Who knows when it will be sorted.
by Kagord
Sat Mar 09, 2024 6:22 am
Forum: Investing - Theory, News & General
Topic: Taxation of Treasury bills, notes and bonds
Replies: 1078
Views: 157340

Re: Report Gain from Selling T-Bill as Interest Income?

OP, you may find this reddit of interest: https://www.reddit.com/r/fidelityinvestments/comments/16hclev/treasury_bill_sold_before_maturity_is_it_income/ Regardless of how the broker reports, it sounds like a CPA/Tax Professional question. Not an expert, guessing, I think there's an interest component (accrued interest on the date of sale), and gain/loss component, which may net out as saleprice-purchaseprice-accruedinterestearned. I have no idea how to report on Schedule D (IE, in what column or letter code adjustment), or if the broker mis reported something, how to correct. If you bought it on the secondary market, there's accrued interest paid you'd have to account for as well. I think the gain/loss will be short term and taxed at the sa...
by Kagord
Sat Mar 09, 2024 5:00 am
Forum: Personal Investments
Topic: Section 1256 Contracts
Replies: 5
Views: 647

Re: Section 1256 Contracts

For me, Schwab seems to do very well with derivatives tax reporting. It sounds like you are just dealing with transition issues. A CPA should be able to work through broker provided tax statement errors, and be able to easily document with supporting working papers/schedules to make any adjustments needed. I don't think equity options contracts should be under sec 1276. Personally, I wouldn't bother trying to have the broker fix it, it may make it worse. I would wait to file, maybe file an extension, in case revised tax forms are issued (that is, unless you like to file 1040X returns). As far as a broker, I'm not sure if you are trading sec 1256 things like futures, currency pairs....etc., if you are, you may want to check out Interactive B...
by Kagord
Thu Mar 07, 2024 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Transfer Car ownership to daughter or not?
Replies: 41
Views: 5178

Re: Transfer Car ownership to daughter or not?

If the car is intended to be a gift to your adult child, then I would complete the transfer. I understand young folks these days may need economic assistance from their parents after graduation but owning a 6-7 year old car and paying the tax and insurance is a great way to start to adult. Under very, very few circumstances would I carry an adult college graduate on my own auto insurance. Old thread, I know, but I did transfer ownership of the cars to my college senior daughter, but our insurance policy has me as primary and she and rest of family as other insured. My understanding is that liability follows car ownership, not the insurance policy.... I suggest asking your insurance agent if that arrangement is acceptable. I did this, trans...
by Kagord
Thu Mar 07, 2024 6:43 am
Forum: Personal Consumer Issues
Topic: Alaska trip without taking a cruise - help
Replies: 53
Views: 4885

Re: Alaska trip without taking a cruise - help

If you're up for a driving adventure, "The MILEPOST 2023" is a great road atlas on routes to take from the US to Alaska, your library might have it.

Many do RV trips, It's not cheap to rent an RV, but it's usually way more expensive, not to mention the hassle factor, to own one.

A highlight might be going to the most expensive grocery store: https://youtu.be/0pWs5g1jUfw?t=180
by Kagord
Sun Mar 03, 2024 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Not understanding taxes and why I owe money
Replies: 50
Views: 4918

Re: Not understanding taxes and why I owe money

It takes some effort, but what I do is plan what my taxes will be at year end at the beginning of the year. This involves: 1. A spreadsheet tab with a row for each anticipated paycheck (reg pay, raise, and bonus), and a column for every item on the paycheck stub/detail, which I use to get to the federally taxable wage for the year, and how much is withheld 2. A spreadsheet tab for all income streams (interest, dividends, antcipated sales...etc) 3. A spreadsheet tab computing the pro forma tax return using 1. and 2. and the other income and credits (RMD, IRA...etc). With the tax bracket logic I compute my expected tax, and I try to account for any phase out/cliff things like the AOTC with this logic using formulas. I use last year's return t...
by Kagord
Sun Mar 03, 2024 5:36 am
Forum: Personal Investments
Topic: Invest cash when interest goes down
Replies: 52
Views: 5395

Re: Invest cash when interest goes down

Personally, I've been following the barbell approach for the emergency fund invested in treasuries (no state tax). I got the idea from my broker's fixed income presentations, which basically make a point if you're heavy in MM/short term, you are at risk if interest rates drop. So this is what I'm doing:

50% 1 year treasuries
50% 5 year treasuries

Not really optimized if interest rates rise (not really concerned about this if it happens), but reasonably liquidity for emergency fund needs with some mid term income protection for a stagnant/lowering interest rate environment.
by Kagord
Sun Mar 03, 2024 5:15 am
Forum: Personal Consumer Issues
Topic: Best way to pay for a car in cash with Schwab
Replies: 20
Views: 1643

Re: Best way to pay for a car in cash with Schwab

Some dealers will take a personal check. I've never had a problem buying a new car with a personal check. If you have Schwab checking and the dealer will accept a personal check, I would do that over a wire. If the personal check isn't an option, wiring, to me seems the most direct and easy. Wiring money, assuming you have a settled/cleared cash balance, is very easy to set up on the web site (triple check the numbers, make sure it's a wire). If you set up a wire in the morning, Schwab clears by 2-3pm EST in the afternoon. Occasionally, as a fraud/safety measure, I have had Schwab call to confirm a wire, and Schwab will cancel the wire if you don't verbally confirm (I've had this happen), so have your contact phone available and be sure to ...
by Kagord
Sat Mar 02, 2024 10:04 am
Forum: Investing - Theory, News & General
Topic: Research on primary residence vs stock market+renting?
Replies: 51
Views: 5226

Re: Research on primary residence vs stock market+renting?

I'll add, renting, along with not dealing directly with property tax, insurance, maintenance, and replacement of things that are expensive (roof, HVAC, deck...etc), you're also not tempted into doing things like upgrading the kitchen and master bath.

So I think there's a case that renting, under certain scenarios, optimizes wealth and allows for more flexibility.
by Kagord
Sat Mar 02, 2024 9:52 am
Forum: Personal Consumer Issues
Topic: Credit Monitoring
Replies: 7
Views: 524

Re: Credit Monitoring

I don't bother with a monitoring service, I just put a security freeze on the seven credit/bank/cu companies that everyone else does this on:

Equifax
Experian
Transunion
ChexSystems
Innovis
SageStream
ARS

And then I have a CreditKarma account for the dw and I that I monitor every 1 or 2 months just to double check there's not something out there I don't know about.
by Kagord
Sat Mar 02, 2024 8:06 am
Forum: Personal Consumer Issues
Topic: Raspberry Pi Security
Replies: 36
Views: 3784

Re: Raspberry Pi Security

Just mentioning, if you like to tinker and want to try something next level, and maybe want to have a little fun with IO and electronics as well...For under $50 or so on Amazon, you can pick up a starter programming kit for your Pi to make use of those pins, instead of wondering what that GPIO 24 pin thingy is.

Example: https://www.amazon.com/FREENOVE-Ultimat ... B06W54L7B5
by Kagord
Fri Mar 01, 2024 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Mid-career change to law?
Replies: 127
Views: 11966

Re: Mid-career change to law?

pilotmath wrote: Thu Feb 29, 2024 7:52 pm ... and increase my total income and net worth beyond what’s possible in my current job. I plan to retire at 60-65—no plan to FIRE.
Is the grass greener on the other side, maybe. But I don't think the statistics are in your favor here where you'd be better off financially at 60-65 starting a new career in law in your mid forties (after the LSAT prep and 3 years of law school). I'd challenge you'd likely be far worse off, should the income streams you already have today continue.

As other's have said, you could toy around with taking the LSAT and night school to scratch an itch.
by Kagord
Fri Mar 01, 2024 7:10 am
Forum: Personal Consumer Issues
Topic: Best way to sync files between multiple computers and external drives?
Replies: 47
Views: 4925

Re: Best way to sync files between multiple computers and external drives?

Personally, I used to do this, "I want everything always available anywhere wherever I am" but have since re-assessed a few years ago. I am now, very minimalist, for what is synced to my devices. Mainly, just to keep the threat footprint small at home, and, more of a concern for me, while travelling. The other Terrabytes of stuff I have that I care about that I might need time to time, is encrypted and backed up in the cloud. It's accessible, but not immediately available on a whim. It's a tradeoff, you may want to assess too if it fits your use case. Of note, I think it's important to note that syncing is not what I'd consider a backup/DR strategy (even with the history/recoverability capabilities present in Dropbox, GDrive...etc...
by Kagord
Wed Feb 28, 2024 12:37 pm
Forum: Personal Consumer Issues
Topic: Pressure Treated Decking Lumber
Replies: 26
Views: 2388

Re: Pressure Treated Decking Lumber

With pressure treated lumber, it's going to be warped, completely normal, do not be discouraged.

This solves the problem, "CAMO Lever Deck Board Bending and Locking Tool", watch YT videos how to use and not mark your wood up.
by Kagord
Mon Feb 26, 2024 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: umbrella insurance tiered pricing choices
Replies: 7
Views: 983

Re: umbrella insurance tiered pricing choices

There is no right answer, only your comfort level.

Personally, at that net worth, $1.8K/year seems kind of immaterial to protect your asset position against an extreme rainy day occurrence. Yes, you probably won't ever use it, but maybe you'll sleep better not thinking about being underinsured, perhaps, that's how I see it.

If you have kids on your policy, a boat, a business, all the more reason.
by Kagord
Mon Feb 26, 2024 8:07 am
Forum: Personal Finance (Not Investing)
Topic: FIRE-ing In, Quitting versus Getting FIRE-d - Talking to Boss Tomorrow
Replies: 148
Views: 23017

Re: FIRE-ing In, Quitting versus Getting FIRE-d - Talking to Boss Tomorrow

I have been quiet quitting for some time now and that's probably what she's trying to suss out. Your company is cognizant of this. Your new manager has been given the task of encouraging you to leave in the most beneficial way for the company. Don't say anything. Just be patient and comfort in the fact that you have the high ground. They'll eventually have to play their hand. Yes, more of my 2 cents... Your manager is not going to make a career limiting move by going to HR and saying, "Hey, great news, we can get this employee out if we pay 16 weeks of severance". HR is going to take the position that the manager needs to do the job they are paid to do, if an employee isn't performing to whatever expectation, it's PIP to fire or ...
by Kagord
Mon Feb 26, 2024 6:47 am
Forum: Personal Finance (Not Investing)
Topic: "Accrued Market Discount" using TurboTax
Replies: 7
Views: 1290

Re: "Accrued Market Discount" using TurboTax

Just noting my experience. I auto imported. TurboTax for me, when I have a code D adjustment that imported, the gain is reduced by that amount, and the adjustment automatically flows to schedule B. If you have other adjustments, like ABP, Turbotax will print a supporting schedule with the details that match the summary of the below the line schedule B adjustments. I didn't need to make any adjustments. In forms mode, under the Cap Asset Sales section under the 1099-B Wks, are you seeing this? There is one more check you should be running, which is the de minimis check, if the accrued market discount is less than 0.25% x(times) years owned by you x(times) face value of the bond, it can stay as a capital gain and get the more favorable tax tr...
by Kagord
Sun Feb 25, 2024 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: How do people go bankrupt?
Replies: 39
Views: 3234

Re: How do people go bankrupt?

Before credit cards were invented, this guy understood why: https://en.wikipedia.org/wiki/Something ... ing_(book)
by Kagord
Sun Feb 25, 2024 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Print "all worksheets" does not include all forms..
Replies: 14
Views: 1236

Re: Turbotax Print "all worksheets" does not include all forms..

Apparently, I have the same problem, I didn't even know about this. I had always assumed the print all was complete with all calculations needed to support what you are filing. Yes, minimally, I think it's important as well that the 2210 worksheet should be printed, and ideally page 1 of the form 2210. To the OP, now you know, it's easy to pull up the form and worksheet in form mode and save both as PDFs along with your full final return print out, and move on. To the others posting as to why when it's in the program. Well, you might uninstall the program, buy another computer. The "print tax return, all calculation worksheets" output should have everything you need to answer any question as to what you filed, IMHO. You shouldn't ...
by Kagord
Sun Feb 25, 2024 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE-ing In, Quitting versus Getting FIRE-d - Talking to Boss Tomorrow
Replies: 148
Views: 23017

Re: FIRE-ing In, Quitting versus Getting FIRE-d - Talking to Boss Tomorrow

My 2 cents, I would not communicate you wish to leave with a severance package, this destroys leverage for yourself. See what happens at the meeting, don't say anything, and assess after.
by Kagord
Sat Feb 24, 2024 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Company division is being "Carved-Out"
Replies: 17
Views: 2544

Re: Company division is being "Carved-Out"

Normally, with acquisitions, it's best to be on the buying side, not the selling side.

That's not to say it won't work out, but I'd be sharpening the resume and have a plan B. If staying, the best advice I can give is to keep your head down low during the transition period.
by Kagord
Fri Feb 23, 2024 10:11 am
Forum: Personal Consumer Issues
Topic: College cheating, what would you do?
Replies: 64
Views: 4453

Re: College cheating, what would you do?

I used to think using a calculator over a slide rule was cheating.
by Kagord
Fri Feb 23, 2024 7:04 am
Forum: Personal Consumer Issues
Topic: Best Value Portable GPS Navigator
Replies: 23
Views: 1698

Re: Best Value Portable GPS Navigator

I still have my 15 year old Garmins with lifetime map updates, I haven't used them in at least 8 years. I don't use the car nav either in our cars.

Google maps and Waze are so much better and have great voice integration. Things like showing gas station prices on the maps, restaurants en route, traffic delay re-routing, speed trap notification...etc, all way better than a dedicated GPS, IMHO.
by Kagord
Wed Feb 21, 2024 9:57 am
Forum: Personal Investments
Topic: Inherited IRA account requirement?
Replies: 14
Views: 881

Re: Inherited IRA account requirement?

I've had this, they split the IRA to each of the beneficiaries, gave us each our own access, then we could have another custodian transfer. Wasn't a big deal, IMHO, I moved a month or two later. I think they did it this way to cleanly divide the assets on a specific date, and deal with any odd lot sale and post income residuals. Anyways, sounds like a big mess if they didn't do it this way.

Note I mentioned to have the company you want it to end up initiate a transfer (as custodian on your behalf, custodian to custodian transfer), I think this minimizes the risk of it being mis-classified as a taxable distribution.
by Kagord
Wed Feb 21, 2024 8:15 am
Forum: Personal Consumer Issues
Topic: DC Mall - where to stay for AirBnB
Replies: 15
Views: 1431

Re: DC Mall - where to stay for AirBnB

It's farther than what you probably want, but the Dunn Loring Marriott Courtyard is a block or so from the Dunn Loring metro station, maybe it's an hour ride to the mall from what I remember. We've stayed there, I don't stay and airbnbs/VRBOs anymore.

Closer, and what might work for you, North Rosslyn probably has a lot of short term rental offerings, it's closer, and you can walk to Georgetown over the Key bridge.
by Kagord
Tue Feb 20, 2024 7:00 am
Forum: Investing - Theory, News & General
Topic: Investing in bitcoin
Replies: 7
Views: 1220

Re: Investing in bitcoin

OP, have you considered Tulip Bulbs?
by Kagord
Mon Feb 19, 2024 2:02 pm
Forum: Investing - Theory, News & General
Topic: Taxation of Treasury bills, notes and bonds
Replies: 1078
Views: 157340

Re: Taxation of Treasury bills, notes and bonds

OK, just confirming, bought 2 treasury notes on the secondary market that matured this year, Schwab auto import to TT, somehow I think it was done right. Treasury Note A: $800 accrued market discount gain adj and transferred to Schedule B (de minimis does not apply, $800 was more than .25% face value of note purchase) Treasury Note B: $200 accrued market discount left as long term gain (de minimis applied, $200 was less than .25% face value of note purchase) Both of these amounts are taxable for state, correct? Or which states that charge income tax would they not be taxed? In perusing IRS Pub 550, the de minimis exception is only mentioned with respect to OID, not to market discount. Can you share anything from an IRS pub or the actual re...
by Kagord
Mon Feb 19, 2024 1:26 pm
Forum: Investing - Theory, News & General
Topic: Taxation of Treasury bills, notes and bonds
Replies: 1078
Views: 157340

Re: Taxation of Treasury bills, notes and bonds

OK, just confirming, bought 2 treasury notes on the secondary market that matured this year, Schwab auto import to TT.

Treasury Note A: $800 accrued market discount gain adj and transferred to Schedule B
Treasury Note B: $200 accrued market discount left as long term gain

Edit: I actually have no idea why these were reported differently
by Kagord
Mon Feb 19, 2024 10:45 am
Forum: Personal Consumer Issues
Topic: Older, clean title vehicle or newer rebuilt vehicle?
Replies: 26
Views: 2455

Re: Older, clean title vehicle or newer rebuilt vehicle?

jco wrote: Mon Feb 19, 2024 10:29 am
We mainly care about two things (after affordability): reliability and safety.
Those two things are what I consider to be the most at risk with a REBUILT title.