Search found 12486 matches

by jebmke
Sat Apr 17, 2021 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Federal Federal Tax Return Accepted - Payment not processed?
Replies: 4
Views: 254

Re: Federal Federal Tax Return Accepted - Payment not processed?

I would wait. Payment isn't due for a few weeks. In the future, consider using Direct Pay or EFTPS. I've used EFTPS for both estimated payments and tax return amount due for years and they have never missed a date.
by jebmke
Sat Apr 17, 2021 11:26 am
Forum: Personal Investments
Topic: withdrawal strategy after market decline
Replies: 21
Views: 886

Re: withdrawal strategy after market decline

The issue I am trying to explore is not necessarily how much money could be withdrawn but rather what would you do given the hypothetical case, how much money would you withdraw, how much would you cut back, when would you be comfortable increasing your spending again. We actually increased our spe...
by jebmke
Sat Apr 17, 2021 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Tax implications for child filing as an indendant
Replies: 12
Views: 552

Re: Tax implications for child filing as an indendant

^^^THIS^^^ Being a full time student means that the student is still dependent on their parents. If they have their own place (12 month apartment) , paying all their bills, etc the discussion can go another way. He has his own place during school year (pays own utility, food etc) and does internshi...
by jebmke
Sat Apr 17, 2021 10:07 am
Forum: Investing - Theory, News & General
Topic: Creating A Comprehensive Retirement Witdrawal Plan
Replies: 5
Views: 319

Re: Creating A Comprehensive Retirement Witdrawal Plan

The only thing I look at is the next month's bills. Whatever isn't covered by my pension and social security I take out of our Vanguard account. Net month, rinse and repeat.
by jebmke
Sat Apr 17, 2021 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Selling a new house with a defective roof - how to proceed?
Replies: 16
Views: 965

Re: Selling a new house with a defective roof - how to proceed?

What does the construction contract say about his warranty?
by jebmke
Fri Apr 16, 2021 5:18 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1067
Views: 48408

Re: Bird watchers – what birds are you seeing?

Green Heron arrived today in the creek. They nest here so should hang around. Bluebird nest in progress in back BB box. Evicted a Chickadee nest from front box. Cardinals starting the mating ritual; male feeding seeds to the female. Cool! You have lots of spring activity going on! Migration is just...
by jebmke
Fri Apr 16, 2021 5:07 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1067
Views: 48408

Re: Bird watchers – what birds are you seeing?

Green Heron arrived today in the creek. They nest here so should hang around. Bluebird nest in progress in back BB box. Evicted a Chickadee nest from front box. Cardinals starting the mating ritual; male feeding seeds to the female.
by jebmke
Fri Apr 16, 2021 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Confirmation of scheduled tax payments
Replies: 8
Views: 721

Re: Confirmation of scheduled tax payments

jac wrote: Fri Apr 16, 2021 10:31 am I checked with my bank this morning and the IRS withdrawal is scheduled for today, 4 days later than the scheduled date. A lot of people seem to be concerned about the delay but need to be patient.
FYI - I have been using EFTPS for these payments for a while now and they have never missed a date.
by jebmke
Fri Apr 16, 2021 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Tax implications for child filing as an indendant
Replies: 12
Views: 552

Re: Tax implications for child filing as an indendant

NYGiantsFan wrote: Fri Apr 16, 2021 9:50 am The child must have lived with you for more than half of the year.
Generally, being away at college is still considered living with you.
by jebmke
Fri Apr 16, 2021 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Fixing a simple tax error from 4 years ago
Replies: 13
Views: 1149

Re: Fixing a simple tax error from 4 years ago

Thanks to everyone for your advice so far! I wasn't aware of the 3-year limit on amending tax returns so am hoping the filing extension this year means I still have a chance to amend my 2017 return. Based on what I'm seeing here I believe I will simply print paper amendments of the relevant forms a...
by jebmke
Fri Apr 16, 2021 8:43 am
Forum: Personal Consumer Issues
Topic: Wi-Fi router recommendations
Replies: 25
Views: 1778

Re: Wi-Fi router recommendations

The Wirecutter has reviews and recommendations for various people with different needs: https://www.nytimes.com/wirecutter/reviews/best-wi-fi-router/ After testing and evaluating 30 routers over 250 hours, we’ve determined that the best router for wirelessly connecting your laptops, your smart devi...
by jebmke
Fri Apr 16, 2021 7:23 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5189

Re: can I get boglehead approval for a 70K truck?

dukeblue219 wrote: Fri Apr 16, 2021 7:20 am You can't take it with you when you go. Buy the truck.
I’ve never understood why people feel they need permission from random internet people to spend their own money.
by jebmke
Thu Apr 15, 2021 11:10 pm
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 202
Views: 10390

Re: What’s the problem with dividends?

Well, then, I believe that not receiving dividends has a sort of psychological component that gives people's subconscious the illusion of money somehow invariably invested wisely and super tax efficiently by clairvoyant CEOs The way I see it, either you trust the management or you probably shouldn'...
by jebmke
Thu Apr 15, 2021 11:01 pm
Forum: Personal Consumer Issues
Topic: Wi-Fi router recommendations
Replies: 25
Views: 1778

Re: Wi-Fi router recommendations

Without knowing how big the space is and how you use the network it is hard to give a good recommendation. In some applications a $40-50 router might be more than enough. In others, mesh might make sense.
by jebmke
Thu Apr 15, 2021 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax preparer add value for 7 figure W2 income
Replies: 32
Views: 1881

Re: Do tax preparer add value for 7 figure W2 income

My experience tells me that you should always sell your employers shares when you can. Agree; I skipped the DC plan for bonuses. But the bigger nut was NQ options and because I was an insider it was frowned on to move too much and we only had brief windows when we could peel off a small layer. I ro...
by jebmke
Thu Apr 15, 2021 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax preparer add value for 7 figure W2 income
Replies: 32
Views: 1881

Re: Do tax preparer add value for 7 figure W2 income

Probably the easiest way to manage income in a W2 situation is to shift taxable income into future years by bringing forward deductions from future years Thanks. As it stands now, both me and husband plan to work for foreseeable future. So unless there are some extraneous circumstances (health disa...
by jebmke
Thu Apr 15, 2021 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax preparer add value for 7 figure W2 income
Replies: 32
Views: 1881

Re: Do tax preparer add value for 7 figure W2 income

jebmke wrote: ↑Thu Apr 15, 2021 2:27 pm Depending on assets and family situation , better source of advice for high earner on tax planning may be with an attorney specializing in taxation. Thanks. I probably need to do that at some point. However, this specific post question was about annual tax bu...
by jebmke
Thu Apr 15, 2021 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Fixing a simple tax error from 4 years ago
Replies: 13
Views: 1149

Re: Fixing a simple tax error from 4 years ago

If you filed by the Apr15 deadline in 2018, then today is the deadline to amend your 2017 taxes. OP - Note Well! Make tracks! Gill Does this notice provide relief on this until May 17? https://www.irs.gov/pub/irs-drop/n-21-21.pdf The Secretary has also determined that any individual with a period o...
by jebmke
Thu Apr 15, 2021 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax preparer add value for 7 figure W2 income
Replies: 32
Views: 1881

Re: Do tax preparer add value for 7 figure W2 income

I agree that your simple tax situation does not offer many places for you to make a mistake or for a paid preparer to help. On the other hand, you may want to talk to a CPA who gives tax advice. They may be able to help you think of how investments, for example, can lower your overall tax bill. Rea...
by jebmke
Thu Apr 15, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax preparer add value for 7 figure W2 income
Replies: 32
Views: 1881

Re: Do tax preparer add value for 7 figure W2 income

TheTimeLord wrote: Thu Apr 15, 2021 12:40 pm Yes, because if you are making 7 figures your time is worth more than you would pay a tax preparer or CPA.
On the other hand, you should be able to bang out a W-2 tax return in 30-45 minutes. The time it takes to deliver the docs, return and sign the 8879 etc might not be less.
by jebmke
Thu Apr 15, 2021 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax preparer add value for 7 figure W2 income
Replies: 32
Views: 1881

Re: Do tax preparer add value for 7 figure W2 income

Probably the easiest way to manage income in a W2 situation is to shift taxable income into future years by bringing forward deductions from future years when you might expect to have lower income (and lower tax rate). One of the most flexible means to do this is to make large donations to a Donor A...
by jebmke
Thu Apr 15, 2021 12:00 pm
Forum: Investing - Theory, News & General
Topic: Bonds as ballast and a rising Glide path
Replies: 29
Views: 2059

Re: Bonds as ballast and a rising Glide path

Sandi_k wrote: Thu Apr 15, 2021 11:39 am I see a "rising equity glide path" as a fancy way of saying "bucket strategy."
or it can mean a rising ability to take risk due to decreasing remaining lifespan
by jebmke
Thu Apr 15, 2021 9:31 am
Forum: Investing - Theory, News & General
Topic: Bonds as ballast and a rising Glide path
Replies: 29
Views: 2059

Re: Bonds as ballast and a rising Glide path

If bonds are ballast doesn't there come a point where you have enough ballast and couldn't that lead to a rising glide path as one approaches retirement and even into retirement if your assets grow beyond 25X? This seems logical to me but wondering how others see it. This is essentially what we are...
by jebmke
Thu Apr 15, 2021 9:18 am
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 47
Views: 2358

Re: DIY recessed lighting installation?

When we lived in Milwaukee, my wife installed a dropped ceiling (she framed and installed the lighting, including connection to the J-Box). Then she had the city come in and inspect. Then we had a sheet-rock hanger come in and finish this ceiling as well as do some other work. Some jurisdictions may...
by jebmke
Wed Apr 14, 2021 3:03 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1067
Views: 48408

Re: Bird watchers – what birds are you seeing?

First Snowy Egret of the season showed up in the creek today. Great Egrets have been here for a while. Green Herons should be here soon as well -- we normally have a nesting pair each year.
by jebmke
Wed Apr 14, 2021 11:33 am
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 84
Views: 7397

Re: How foolish is this?

Have you reviewed the condo association balance sheet? The biggest risk could be lack of reserves for common expenses.
by jebmke
Wed Apr 14, 2021 7:58 am
Forum: Personal Consumer Issues
Topic: Any arborists or people with green thumbs?
Replies: 15
Views: 1180

Re: Any arborists or people with green thumbs?

I wouldn't water more than twice a week for trees. As someone said already, watering too much is worse than watering too little. A good soak twice a week is fine. A lot of people plant at the wrong time of year, also. Can't speak for the northeast but in mid-Atlantic, planting trees and shrubs othe...
by jebmke
Wed Apr 14, 2021 7:23 am
Forum: Personal Consumer Issues
Topic: Any arborists or people with green thumbs?
Replies: 15
Views: 1180

Re: Any arborists or people with green thumbs?

I don’t fertilize new shrubs or trees until second year. Then only a single dose of something like milorganite around the base in mid winter. Once established I cut back frequency, not every year. Some plants like boxwood I rarely feed because they don’t need it.
by jebmke
Tue Apr 13, 2021 5:19 pm
Forum: Personal Consumer Issues
Topic: Hoarding and Decluttering
Replies: 15
Views: 1405

Re: Hoarding and Decluttering

I have a rule now. If I acquire something (unless it is something that is deemed "emergency" as in a medical emergency, or similar) then two things have to go. I do the same with my files. If I file something, I have to remove two and shred/recycle. We also adopted a policy with immediate ...
by jebmke
Tue Apr 13, 2021 3:05 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1067
Views: 48408

Re: Bird watchers – what birds are you seeing?

^^ I think the Arctic Tern migrates from the Arctic to Antarctica and back every year. One of the longest migration paths. A lot of shorebirds also migrate pretty far. They fly up to the arctic/northern latitudes, breed and leave right after the chicks hatch. Chicks are left pretty much to fend for ...
by jebmke
Tue Apr 13, 2021 2:35 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 91
Views: 6205

Re: Multiple years of expenses in cash when starting retirement

I retired in 2007 at age 55 with almost no cash in portfolio. Never was an issue.
by jebmke
Mon Apr 12, 2021 3:33 pm
Forum: Personal Investments
Topic: Wells Fargo giving bad IRA contribution/tax advice?
Replies: 4
Views: 428

Re: Wells Fargo giving bad IRA contribution/tax advice?

Should be all spelled out in IRS Pub 590a.
by jebmke
Mon Apr 12, 2021 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Pre-retirement checklist, what is on yours?
Replies: 77
Views: 9172

Re: Pre-retirement checklist, what is on yours?

One surprise for me was dental expenses. I have good retirement health coverage from employer and Medicare but oh those dental expenses are on me. I had 3 crowns in the first few years and my wife has major dental issues - the latest will cost about 20k. Make sure to get a dental checkup and tell t...
by jebmke
Mon Apr 12, 2021 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Gross Income Definition
Replies: 22
Views: 1778

Re: Gross Income Definition

H-Town wrote: Mon Apr 12, 2021 10:47 am Other benefits of filing: stimulus check, Roth IRA contribution, ACA premium tax credit, saver credit, etc.
Also blocks someone else from filing (successfully) with same SSN
by jebmke
Mon Apr 12, 2021 6:17 am
Forum: Personal Consumer Issues
Topic: Bird Repellent Methods
Replies: 15
Views: 1109

Re: Bird Repellent Methods

Maybe a cat?
by jebmke
Sun Apr 11, 2021 7:52 pm
Forum: Personal Consumer Issues
Topic: Anyone keep a separate phone for 2FA?
Replies: 13
Views: 1432

Re: Anyone keep a separate phone for 2FA?

Are you willing to keep paying for phone service for a phone that is rarely used? Do you really want everyone in your address book to have to change their records of what your phone number is? not that familiar with authenticator apps but perhaps it only needs home WiFi. I have an old phone that st...
by jebmke
Sun Apr 11, 2021 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking your reactions to tax situation.
Replies: 6
Views: 760

Re: Seeking your reactions to tax situation.

They have a mountain of paper to process.
by jebmke
Sun Apr 11, 2021 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Gross Income Definition
Replies: 22
Views: 1778

Re: Gross Income Definition

That is correct. Gross proceeds is counted as income for purposes of "need to file" Correction. Gains are counted but not losses. I'm not sure what the IRS WOPR would do it it had a 1099-B with a large gross proceeds on non-covered shares that exceeded the filing amount. It doesn't know t...
by jebmke
Sat Apr 10, 2021 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawal Frequency in Retirement
Replies: 22
Views: 1735

Re: Withdrawal Frequency in Retirement

I kept a fairly steady allocation for the first 10 years; Once I started my pension I have shifted my plan to only withdraw dividends (this is a micro sale of equity) and sell bonds, if necessary to raise cash. In other words, I have no plans to ever sell equity again. I will re-balance on the downs...
by jebmke
Sat Apr 10, 2021 11:46 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend in retirement compared to before? Did you budget enough?
Replies: 13
Views: 1784

Re: How much do you spend in retirement compared to before? Did you budget enough?

I don't know the exact amount - I didn't retain my analysis of spending prior to retiring. If I had to guess, I am spending less. Major differences would be taxes (income and property tax) with other minor differences like travel (we travel much less than we did when I was working) and health care (...
by jebmke
Sat Apr 10, 2021 9:22 am
Forum: Personal Investments
Topic: Is Tax slayer tax software correctly dealing with ACA tax credits yet?
Replies: 4
Views: 201

Re: Is Tax slayer tax software correctly dealing with ACA tax credits yet?

According to a notice I received yesterday, TaxSlayer Pro is doing this correctly. I don't know if the retail version has been updated yet. Is the TaxSlayer Pro what some paid tax preparers use? We use it for AARP TaxAide. Not sure but I think Vita uses it. Don't know how widely it is used in the p...
by jebmke
Sat Apr 10, 2021 9:15 am
Forum: Personal Investments
Topic: Is Tax slayer tax software correctly dealing with ACA tax credits yet?
Replies: 4
Views: 201

Re: Is Tax slayer tax software correctly dealing with ACA tax credits yet?

According to a notice I received yesterday, TaxSlayer Pro is doing this correctly. I don't know if the retail version has been updated yet.
by jebmke
Fri Apr 09, 2021 5:02 pm
Forum: Investing - Theory, News & General
Topic: Real Return Fakers & Quitting Investing For Good
Replies: 51
Views: 5263

Re: Real Return Fakers & Quitting Investing For Good

I solved this whole problem by not trying to predict investment returns.
by jebmke
Fri Apr 09, 2021 2:55 pm
Forum: Personal Consumer Issues
Topic: People with Covid-19 vaccination record cards: where are you keeping them?
Replies: 163
Views: 13967

Re: People with Covid-19 vaccination record cards: where are you keeping them?

H-Town wrote: Fri Apr 09, 2021 2:48 pm The card is too easy to fake and should hold no water as far as a "passport to travel".
I’d really be surprised if other countries accepted it.
by jebmke
Fri Apr 09, 2021 2:33 pm
Forum: Investing - Theory, News & General
Topic: How is it not QE when the Fed buys treasury bills?
Replies: 23
Views: 2576

Re: How is it not QE when the Fed buys treasury bills?

They might be shortening their maturities in order to have the flexibility to roll off their balance sheet later if the economy continues to improve and inflation picks up.
by jebmke
Fri Apr 09, 2021 9:01 am
Forum: Investing - Theory, News & General
Topic: Vanguard Portfolio Watch has a new look
Replies: 99
Views: 7864

Re: Vanguard Portfolio Watch has a new look

Just happened to look at Portfolio Watch this morning (curiosity). It reports that I have 16% in international bonds but the only funds I hold that have any non-US bonds is Investment Grade (short and intermediate) and the fund report shows that international is < 5% for those funds alone; my total ...
by jebmke
Fri Apr 09, 2021 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Questions for 10+ year retirees
Replies: 21
Views: 2934

Re: Questions for 10+ year retirees

retired since 2007. (1) no; expenses jump around mainly due to "capital" items (home improvement/replacement) and income taxes but no discernible downward trend (2) pension is about 45% of expenses but didn't start until 2018 so too early to tell.
by jebmke
Fri Apr 09, 2021 8:10 am
Forum: Personal Finance (Not Investing)
Topic: CPA Saying I Have Excess HSA Contribution
Replies: 32
Views: 2096

Re: CPA Saying I Have Excess HSA Contribution

The CPA has entered the information into the software and is just going with what the software says. I would do not consider it an unforgivable mistake to assume the software default is correct. I do consider it unacceptable that when you explained the problem and the solution, he did not research ...
by jebmke
Fri Apr 09, 2021 7:25 am
Forum: Personal Finance (Not Investing)
Topic: CPA Saying I Have Excess HSA Contribution
Replies: 32
Views: 2096

Re: CPA Saying I Have Excess HSA Contribution

BD w/ Kung-Fu Grip wrote: Fri Apr 09, 2021 7:03 am Option C, drop the CPA now and don't pay him for a job not done?
This. I train non-professional volunteers with no accounting background to prepare taxes and this is standard stuff.
by jebmke
Thu Apr 08, 2021 1:29 pm
Forum: Personal Consumer Issues
Topic: COVID airline travel
Replies: 9
Views: 903

Re: COVID airline travel

No plans any time soon. Even before the pandemic we avoided flying.