Bogleheads.org

jebmke

People who are selling and moving. The increase may be increment and not that big a deal for someone with a lot of equity in their existing home.

jebmke

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.

jebmke

The issue I am trying to explore is not necessarily how much money could be withdrawn but rather what would you do given the hypothetical case, how much money would you withdraw, how much would you cut back, when would you be comfortable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...

jebmke

^^^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...

jebmke

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.

jebmke

What does the construction contract say about his warranty?

jebmke

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...

jebmke

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.

jebmke

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.

jebmke

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.

jebmke

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...

jebmke

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...

jebmke

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.

jebmke

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'...

jebmke

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.

jebmke

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...

jebmke

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...

jebmke

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...

jebmke

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...

jebmke

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...

jebmke

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.

jebmke

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...

jebmke

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

jebmke

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...

jebmke

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...

jebmke

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.

jebmke

Have you reviewed the condo association balance sheet? The biggest risk could be lack of reserves for common expenses.

jebmke

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...

jebmke

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.

jebmke

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 ...

jebmke

^^ 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 ...

jebmke

I retired in 2007 at age 55 with almost no cash in portfolio. Never was an issue.

jebmke

Should be all spelled out in IRS Pub 590a.

jebmke

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...

jebmke

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

jebmke

Maybe a cat?

jebmke

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...

jebmke

They have a mountain of paper to process.

jebmke

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...

jebmke

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...

jebmke

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 (...

jebmke

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...

jebmke

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.

jebmke

I solved this whole problem by not trying to predict investment returns.

jebmke

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.

jebmke

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.

jebmke

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 ...

jebmke

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.

jebmke

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 ...

jebmke

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.

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