Search found 1164 matches

by Mitchell777
Thu Apr 01, 2021 6:08 pm
Forum: Personal Investments
Topic: I Bond Sell Strategy
Replies: 82
Views: 6998

Re: I Bond Sell Strategy

I wonder if some with large holdings still have paper bonds or have they been confident enough to converted to electronic at Treasury Direct? I have paper EE bonds maturing each month. My bank, along with some others in my area, have stopped redeeming them. Fortunately, some credit unions in my are...
by Mitchell777
Tue Mar 23, 2021 5:14 pm
Forum: Personal Investments
Topic: Inherited IRA
Replies: 9
Views: 934

Re: Inherited IRA

I thought that if a traditional IRA was inherited AND transferred into the name of the beneficiaries, then the money can be liquidated based on life expectancy and not based on 10 years max.
EDIT: or did this change in 2020 due to the Secure Act?
by Mitchell777
Fri Mar 19, 2021 6:29 am
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 366
Views: 26232

Re: Have All 3rd Stimulus Direct Deposits Been Made?

Nothing yet. I did not qualify based on 2019 tax return but did qualify based on 2020. 2020 federal taxes accepted 3/5. Would have been accepted a bit sooner if not for the TT issues with inherited IRA. Although both the 2020 state and federal tax refunds did arrive in my checking account.
by Mitchell777
Sun Mar 14, 2021 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: 3rd stimulus question
Replies: 4
Views: 794

Re: 3rd stimulus question

It's my understanding they look at 2019 and 2020 and if either qualifies you get the stimulus check. Of course, many have not yet submitted 2020 taxes.
by Mitchell777
Wed Mar 10, 2021 4:06 pm
Forum: Investing - Theory, News & General
Topic: real life markets education for 2nd grader
Replies: 10
Views: 527

Re: real life markets education for 2nd grader

As a child, probably several years after the age of 7, my family starting buying me a share or two of individual stocks (keep in mind buying stock in those days had a cost). In my case I was showing an interest in money and saving. Did not know about markets and investing. The one that got me most i...
by Mitchell777
Sun Mar 07, 2021 7:25 am
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7567

Re: FED_Taxable_Inherited_IRA rejection Turbotax

I wonder if this justifies a refund. I've spent around an hour researching this issue, going over my return to make sure that there was no inherited IRA mistakenly checked, and re-filing. It seems an obvious thing to have an integration test for, from the software perspective. Free federal filing t...
by Mitchell777
Thu Mar 04, 2021 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7567

Re: FED_Taxable_Inherited_IRA rejection Turbotax

Just a note to anyone using the online version. I rekeyed all my IRA info (which was just 1 inherited TIRA and 1 inherited ROTH) after deleting the "IRA Information Worksheet" - basically starting the IRA section over from scratch. The taxable amount now looks correct. However, in my case,...
by Mitchell777
Thu Mar 04, 2021 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7567

Re: FED_Taxable_Inherited_IRA rejection Turbotax

My message has now changed to: "Description of error: There is a potential issue with the calculation of your Taxable Inherited IRA. What needs to be done: There is a known issue with the federal return that has been addressed in a software update. Please update your software to the latest vers...
by Mitchell777
Thu Mar 04, 2021 8:56 am
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7567

Re: FED_Taxable_Inherited_IRA rejection Turbotax

I am still getting the same message: "Let's take a look at your return Description of error: There is a potential issue with the calculation of your Taxable Inherited IRA. What needs to be done: We are reviewing updates to Taxable Inherited IRA calculations. We expect to have these updates done...
by Mitchell777
Wed Mar 03, 2021 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7567

Re: FED_Taxable_Inherited_IRA rejection Turbotax

Yes, box 7 was "04" and that is what I keyed in TurboTax. Actually they only allow you to choose "4" but I assume it's the same. My concern at this point is the IRA Worksheet not showing the total cost basis for my NON-Inherited TIRA's which do have a basis much greater than zero...
by Mitchell777
Wed Mar 03, 2021 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7567

Re: FED_Taxable_Inherited_IRA rejection Turbotax

On the TT screen "Any Nondeductible Contributions to your IRA", I assumed they meant ALL my IRA's not just the inherited one so I answered "yes". When I changed that to "No", the correct $89 distribution shows and the 8606 form, which should not apply to me this year, d...
by Mitchell777
Wed Mar 03, 2021 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7567

Re: FED_Taxable_Inherited_IRA rejection Turbotax

I believe you pointed out the issue Alan. The inherited TIRA has a cost basis of $0.00. It was never taxed. For some reason, this year TT took me through the 8606 form (Non deductible IRA's) which required me to calculate the 12/31/2020 value of ALL my TIRA's. 22% of that total is my cost basis and ...
by Mitchell777
Wed Mar 03, 2021 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7567

Re: FED_Taxable_Inherited_IRA rejection Turbotax

Mine was rejected today. I had an inherited ROTH distribution of $282 and an inherited Traditional IRA of $89. Other years it just used the $89 as the taxable amount. This year TT had me calculate ALL my total non-ROTH IRA's and went through calculations coming up with $69 being the taxable amount o...
by Mitchell777
Tue Feb 23, 2021 8:23 am
Forum: Personal Consumer Issues
Topic: which snow blower ?
Replies: 103
Views: 7575

Re: which snow blower ?

I have a Toro 721E single stage as well as an older Toro. Last year I did not need the snow blower at all. We get a single storm of 16" or above once every nine years, on average. Of course several weeks ago we had 23.5" at one time. A week ago 6" of light snow and the blower got thro...
by Mitchell777
Wed Feb 10, 2021 2:45 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 452
Views: 33164

Re: Another telephone SCAM

It's common I believe. I've had them re Amazon. Just had one today but not Amazon. Left message saying a charge was made on my Visa card, which I do not have. Call a number if it's not my charge. The call came in as a city and state on caller ID. I get these calls daily coming in as city and state a...
by Mitchell777
Thu Feb 04, 2021 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Taking Social Security early to pay for IRMAA?
Replies: 65
Views: 3347

Re: Taking Social Security early to pay for IRMAA?

I have also been considering taking SS early, not to pay for IRMAA, but in an attempt to possible reduce IRMAA. I don't understand this. If you take SS early, that leaves less room for you to do Roth conversions, and that means future IRMAA won't be reduced as much! I do not do ROTH conversions. Al...
by Mitchell777
Mon Feb 01, 2021 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Quest Labs and Medicare-require credit card before drawing blood?
Replies: 26
Views: 1544

Re: Quest Labs and Medicare-require credit card before drawing blood?

I've had the same situation the past two years on traditional Medicare at the same lab. However they did not ask me to pay or show a cc. Just sign off that I would be responsible if Medicare and/or my AARP gap insurance did not pay. She mentioned the limit on lipid testing as I recall. I do recall t...
by Mitchell777
Mon Feb 01, 2021 7:34 am
Forum: Personal Finance (Not Investing)
Topic: New to TurboTax
Replies: 11
Views: 1181

Re: New to TurboTax

I've read several articles re 1040SR being easier to use than the 1040 I use now. One said it's easier to enter your SS income. It's keying a number so I'm not sure how it was made easier. I do see the larger font possibly being an advantage but I'm struggling to see the other benefits.
by Mitchell777
Sat Jan 30, 2021 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Taking Social Security early to pay for IRMAA?
Replies: 65
Views: 3347

Re: Taking Social Security early to pay for IRMAA?

I have also been considering taking SS early, not to pay for IRMAA, but in an attempt to possible reduce IRMAA. I've tried to estimate my MAGI each year from 68 through my 70's taking SS at 68 to 70 . It's a guess because you do not know what may happen to the IRMAA thresholds or to interest rates g...
by Mitchell777
Mon Jan 25, 2021 6:59 pm
Forum: US Chapters
Topic: Happy 97th Birthday, Taylor Larimore
Replies: 146
Views: 6390

Re: Happy 97th Birthday, Taylor Larimore

Happy Birthday Taylor! I've been a Boglehead since the Morningstar days. It's funny how you can feel you know someone you have never met. Thank you for all you've done. I wish you the best.
by Mitchell777
Sun Jan 24, 2021 4:45 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1078
Views: 49079

Re: Bird watchers – what birds are you seeing?

I saw something a few days ago I see every 2 or 3 years. Robins are not normally in my area during the winter. Too cold. Last week hundreds of them were here. They were flying around aimlessly. Bumping into each other. Other years I've seen them flying into the windows. Then they disappear after a d...
by Mitchell777
Wed Jan 20, 2021 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Phone Scammer: "Read Letter Out Loud"???
Replies: 27
Views: 3536

Re: Phone Scammer: "Read Letter Out Loud"???

Sorry to hear this. I would freeze credit with all five agencies, change all passwords, and call financial institutions to see if they have any ideas that may help. I have not had this experience but have had someone call Verizon and try to have my landline calls transferred to another number. I set...
by Mitchell777
Wed Jan 13, 2021 3:18 pm
Forum: Personal Consumer Issues
Topic: Power is Out - Do you Know How Long Food Lasts in Fridge?
Replies: 39
Views: 2176

Re: Power is Out - Do you Know How Long Food Lasts in Fridge?

I went through this during the summer. Power went out. Power company kept giving me estimates and did not show up, then another estimate and did not show. For over three days. I lost the food. If you can quickly take the food to a friend or relative it may be fine. I've been w/o power for eight hour...
by Mitchell777
Thu Jan 07, 2021 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: How long does it take for Estimated Tax payment check to clear
Replies: 25
Views: 1317

Re: How long does it take for Estimated Tax payment check to clear

I mailed mine on Dec 9th. The state check cleared on Dec 15. The IRS check still has not cleared. I know they say they are behind but I am concerned the check is lost. I tried calling them but rec'd a message telling me to call another number. The other number gave a message to call the exact same n...
by Mitchell777
Tue Jan 05, 2021 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Living trust?
Replies: 33
Views: 2433

Re: Will or Living trust?

Thanks everyone for your rapid-fire responses. I'll have to investigate the testamentary trusts. Don't know much about trusts. Is this one of great benefit? Also, I can understand POD, etc, but wouldn't it be more useful in the second to die situation or am I mistaken here? ... No matter how good y...
by Mitchell777
Mon Jan 04, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Got my stimulus check, how about you?
Replies: 212
Views: 16339

Re: Got my stimulus check, how about you?

55% of the total due to the change in the phase-out calculation. Last time it was almost 80% of the total.
by Mitchell777
Fri Dec 25, 2020 9:07 am
Forum: Personal Finance (Not Investing)
Topic: For those who receive monthly bills for Medicare
Replies: 16
Views: 1410

Re: For those who receive monthly bills for Medicare

Thanks to all. I got an explanation why I have not been billed. I had a complicated IRMAA situation. A SSA-44 form was submitted along with a lot of paperwork. but this was more complex than when I did it in the past. When I did this in the past it was simple and the SSA-44 was approved quickly. Med...
by Mitchell777
Thu Dec 24, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: For those who receive monthly bills for Medicare
Replies: 16
Views: 1410

Re: For those who receive monthly bills for Medicare

I'm aware the bills can be handled electronically. I'm wondering if anyone who receives a bill by US mail has gotten one for Jan 2021
by Mitchell777
Thu Dec 24, 2020 11:55 am
Forum: Personal Finance (Not Investing)
Topic: For those who receive monthly bills for Medicare
Replies: 16
Views: 1410

For those who receive monthly bills for Medicare

I am not yet collecting SS and I receive monthly bills for Medicare Part B and IRMAA. Usually they arrive early in the month for the next month (e.g. arrive early in Nov for Dec). I have not yet received a bill for Jan 2021. I know they are often a bit slow at the end of year but this seems really s...
by Mitchell777
Tue Dec 08, 2020 12:55 pm
Forum: Personal Consumer Issues
Topic: $100 Cash for Teachers - Issues?
Replies: 92
Views: 5279

Re: $100 Cash for Teachers - Issues?

I only taught briefly in the public schools and it was a long time ago. Adjusting for inflation I would have been very uncomfortable receiving a gift of that size, or even $50. A small non cash gift would have made me happy. But, every teacher is different and it is your money to give in appreciatio...
by Mitchell777
Tue Dec 01, 2020 9:19 pm
Forum: Personal Investments
Topic: EE Bonds after 20 years
Replies: 42
Views: 3749

Re: EE Bonds after 20 years

At the 20 year mark, my bonds (each bought for $5K from 12/2003 through 01/2005) will probably be worth less than $7.5K. So, doubling the purchase price would make them worth $10K. So, if the int rate after 20 years is based on the $10K I would keep them. If the int rate is based on the $7.5K I'd re...
by Mitchell777
Tue Dec 01, 2020 11:38 am
Forum: Personal Investments
Topic: EE Bonds after 20 years
Replies: 42
Views: 3749

EE Bonds after 20 years

I have 14 EE bonds that will double in value after 20 years (starting in three years). So, they were purchased for $5K each and will double at $10K after 20 years. They will be worth no where near $10K at 20 years absent the doubling unless interest rates hit double digits so I planned to redeem the...
by Mitchell777
Mon Nov 23, 2020 7:42 pm
Forum: Personal Consumer Issues
Topic: Car will fit in garage with one inch to spare - thoughts?
Replies: 111
Views: 9155

Re: Car will fit in garage with one inch to spare - thoughts?

I had this problem with a Park Avenue I owned years ago. Fit so tightly, in a garage probably built in 1938, I had to watch the garage door go down to assure it would not hit the bumper, yet it only did once. I guess I got good at getting it through the door just right. Recently passed on a nice car...
by Mitchell777
Sun Nov 22, 2020 2:40 pm
Forum: Personal Consumer Issues
Topic: Killed grass with too much fertilizer
Replies: 51
Views: 3279

Re: Killed grass with too much fertilizer

tomd37 wrote: Sun Nov 22, 2020 10:40 am Mitchell777 - May I ask where you purchased "lawn soil" as that is exactly what I need for the use you indicated.
Bought at Lowes as I recall. It's a Scotts product
by Mitchell777
Sun Nov 22, 2020 10:35 am
Forum: Personal Consumer Issues
Topic: Killed grass with too much fertilizer
Replies: 51
Views: 3279

Re: Killed grass with too much fertilizer

I can't speak for sod but for planting grass seed I used lawn soil (I think that was the term on the bag) over the dirt and had much better luck that I usually have planting small areas with new grass seed.
by Mitchell777
Wed Nov 11, 2020 6:23 pm
Forum: Investing - Theory, News & General
Topic: Taylor Sends His Best to Fellow Bogleheads
Replies: 334
Views: 26750

Re: Taylor Sends His Best to Fellow Bogleheads

Best to you Taylor. I'm glad you're out of the hospital. You sure look great for a man in his 90's. I'll be happy if I look that good at 70.
by Mitchell777
Sun Nov 08, 2020 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for a Funeral
Replies: 61
Views: 5166

Re: Paying for a Funeral

I'm sorry for your loss. You seem to be OK with the funeral decisions you made. That is all that matters. It's better than going in a different direction and then rethinking your decision for months or years to come.
by Mitchell777
Sun Nov 08, 2020 8:37 am
Forum: Investing - Theory, News & General
Topic: improving the 4% rule and solving the starting point paradox
Replies: 103
Views: 11941

Re: improving the 4% rule and solving the starting point paradox

I think these analyses, going back to the Trinity Study and others, are interesting and useful in deciding what one is comfortable with. That comfort level is different for different people. Before I retired, I estimated what level of withdrawal I would be comfortable with as I aged. For me that was...
by Mitchell777
Mon Nov 02, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D 2021
Replies: 13
Views: 1368

Re: Medicare Part D 2021

I am also seeing SilverScript being less expensive than Elixir which I have now. I only take generics. The unknown in always the one or two time med you need that always seems to be a high tier and little or nothing is covered, but you can't plan for that unknown easily. Can you switch Part D insure...
by Mitchell777
Fri Oct 30, 2020 6:09 am
Forum: Personal Investments
Topic: IRMAA and qualified dividends
Replies: 10
Views: 1057

Re: IRMAA and qualified dividends

The qualified dividends are included in the ordinary dividends. They are split out on the tax form for tax purposes only. Line 8b on your tax form does not include line 3a (qualified div) because it includes line 3b (ordinary div) and ordinary div include the qualified div.
by Mitchell777
Sat Oct 24, 2020 11:54 am
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1518

Re: which listing agent should I hire?

My concern is about the commission. The first realtor who I like will charge me 4 1/2 percent with 2 1/4 percent to the buyer's agent. The other 2 realtors will give 2 1/2 percent to the buyer's agent. Will giving 2 1/4 percent as opposed to 2 1/2 percent to the buyer's agent result in less showing...
by Mitchell777
Sat Oct 24, 2020 4:19 am
Forum: Personal Consumer Issues
Topic: which listing agent should I hire?
Replies: 30
Views: 1518

Re: which listing agent should I hire?

It sounds like staging is what you feel you need the most. If it is a sellers market, $54K to $60K seems like a lot of money for mostly staging. I understand not wanting the hassle of selling yourself. I decided if I sell I would use an agent to lessen the hassle even though I've sold a house myself...
by Mitchell777
Mon Oct 19, 2020 11:08 am
Forum: Investing - Theory, News & General
Topic: VWO (emerg markets) very disappointing performance
Replies: 59
Views: 5622

Re: VWO (emerg markets) very disappointing performance

My asset allocation is calling for more VWO which comprises less than 3% of my portfolio. However, according to portfoliovisualizer this ETF has been underperfoming for almost 13 yrs! The SP500 has beaten it by close to 100% during this time and, even worse, it has been a very rough ride with VWO. ...
by Mitchell777
Sun Oct 04, 2020 6:08 pm
Forum: Personal Consumer Issues
Topic: PSA: don't be stranded by a dead key fob battery
Replies: 50
Views: 5434

Re: PSA: don't be stranded by a dead key fob battery

Thanks for bringing this up. I never thought about it. I buy used cars and keep them at least five years but have never replaced a fob battery.
by Mitchell777
Mon Sep 28, 2020 7:11 pm
Forum: Personal Consumer Issues
Topic: How do YOU find a good doctor these days...
Replies: 83
Views: 5906

Re: How do YOU find a good doctor these days...

When it comes to specialists I try to find out who the local doctors go to, or send their family to, when they need that specialty. I recall many years ago trying to get an oral surgeon to give me a referral. I asked the question three times about the ENT surgeon he would recommend and was not getti...
by Mitchell777
Fri Sep 18, 2020 3:25 pm
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4189

Re: Brokered CDs from Vanguard.

Just to complete the discussion. Regarding the $70K CD (3% Matures 06/28/21) I discussed earlier, I sold that today at 102.088, yield to worst of .263. I can invest the proceeds locally at 0.9% for one year. I did not buy these brokerage CD's with the intent to sell early. I buy most of my CD's loca...
by Mitchell777
Thu Sep 17, 2020 1:47 pm
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4189

Re: Brokered CDs from Vanguard.

I did call Vanguard Brokerage and rec'd a bid at the high range that I saw on the screen. Thanks for that suggestion. It was a learning experience for me. I sold a different CD than discussed above. I came out a few hundred dollars ahead as long as i invest the money at min 0.7%. I also exchanged so...
by Mitchell777
Wed Sep 16, 2020 5:00 pm
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4189

Re: Brokered CDs from Vanguard.

Thanks Mike and Kevin. Normally I would not look at this sort of sell but at today's interest rates every little bit helps. My marginal tax rate will be 22 or 24% so when I can exchange that for 15% CG rate it is a little edge. But at the numbers Kevin notes it does not look good.
by Mitchell777
Tue Sep 15, 2020 7:31 pm
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4189

Re: Brokered CDs from Vanguard.

Never sold a CD. How does this work? If I have $70K of this particular brokerage CD, does this mean it would probably sell for at least $71,287 ($70K * 1.01839)? I know I'd only come out a little ahead by maturity. Thanks Qty. bid/ask Min. qty. bid/ask CUSIP Issue Maturity Price bid/ask Yield to wo...
by Mitchell777
Mon Sep 14, 2020 1:47 pm
Forum: Personal Investments
Topic: Brokered CDs from Vanguard.
Replies: 42
Views: 4189

Re: Brokered CDs from Vanguard.

Never sold a CD. How does this work? If I have $70K of this particular brokerage CD, does this mean it would probably sell for at least $71,287 ($70K * 1.01839)? I know I'd only come out a little ahead by maturity. Thanks Qty. bid/ask Min. qty. bid/ask CUSIP Issue Maturity Price bid/ask Yield to wor...