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samsoes

I did the same thing for my (20's) niece, matching in an annual lump sum. I told her that if she ever removed any amount, even $1, all future matching funds from me will permanently cease. I verified the lack of withdrawals by annually inspecting the transaction history in her brokerage account, wit...

samsoes

I know John Bogle commented on cryptocurrency before he passed. If I recall correctly, he said “ avoid Bitcoin like the plague. Did I make myself clear?” What do you think he would say if he were alive today, with Bitcoin trading at $55,000 and Dogecoin market cap at more than $51 Billion. This is ...

samsoes

Hello All, I pre-ordered a cyber truck (70K) but probably wont be able to get it until the next 2-3 years (huge back log). What the heck is a cyber truck? Sounds like something not real. Tesla truck, google it! Thanks. OP should have said as much in the first place, or at least capitalize the first...

samsoes

sjl333 wrote: ↑Fri Apr 16, 2021 2:37 am Hello All,

I pre-ordered a cyber truck (70K) but probably wont be able to get it until the next 2-3 years (huge back log).

What the heck is a cyber truck?

Sounds like something not real.

samsoes

No, afraid not. You will have to wait.

IRS' backlog of processing paper returns has been the subject of many, many threads on this site for at least the past year...

samsoes

barliss2 wrote: ↑Thu Apr 08, 2021 5:27 pm So far a bunch of non-answers. Holy moly, people. I thought I trusted yous

"...yous...?"

Doncha mean y'all...?

samsoes

Actionable?

samsoes

One can go over the 400% threshold and will have to repay some APTC. The payback amount is capped at 8.5% of income.

Update: the above is for 2021 and 2022 only. Thanks for correcting me!

samsoes

johnny wrote: ↑Sat Apr 03, 2021 11:52 am I saw this article today in the Wall Street journal and finally took the bait and clicked and read it.

...

https://www.wsj.com/articles/how-to-kno ... hp_jr_pos1

Crashed into the paywall.

samsoes

File as early as possible to prevent identity theft by someone fraudulently filing for you first.

In addition: if you file before you croak, someone won't have to file on your behalf.

samsoes

Deleted

samsoes

GraduateStudent wrote: ↑Sat Mar 27, 2021 2:16 am This article got me thinking: https://www.wsj.com/articles/gao-calls- ... 1615816805

Crashed into the paywall.

samsoes

For the 10 or so years I owned VNQ in taxable, the "Return of Capital" distribution -- more often than not -- was incorrectly calculated on each year's initial 1099, and an updated 1099 was issued causing the need to amend both my Federal and State returns. So, I ditched REITS from my taxa...

samsoes

Tough crowd!

Come on, fellas, why the snark?

samsoes

Jack FFR1846 wrote: ↑Tue Mar 23, 2021 6:41 pm The ultimate goal is to have on the order of 25 times your annual spending in liquid assets at retirement. Average would not help unless your spending is indeed average.

What does a/c mean?

Air conditioner?
Alternating current?
Access code?
???

samsoes

Hello, I received a quote for solar installation of $49,493 (without tax credit) for a 12.87 kW system (39 panels [330W modules]). After tax credit system cost is $36,625. This would account for my systems utility offset of 101%. Cost per KW is approx. $3.87 and $2.84 before tax credit and after ta...

samsoes

While we're on the subject, has anyone been able to find a list of Vanguard distribution dates for 2021? Never mind distribution amounts, just the scheduled dates. I've scoured various websites and can't find such information. It's puzzling why they keep even the schedule so elusive. :confused (Sch...

samsoes

While we're on the subject, has anyone been able to find a list of Vanguard distribution dates for 2021? Never mind distribution amounts, just the scheduled dates. I've scoured various websites and can't find such information. It's puzzling why they keep even the schedule so elusive. :confused (Schw...

samsoes

Any word on how to handle the situation if one has already filed for 2020 (including > $11,000 in unemployment income)? Am in the same boat The instructions talk about doing stuff to 1040 so I guess amendment is the only way. So now we wait for tax software products to revise Schedule 1 Line 8 as p...

samsoes

Bylo Selhi wrote: ↑Sun Mar 14, 2021 3:02 pm
samsoes wrote: ↑Sun Mar 14, 2021 1:53 pm Pi day occurred at 3/14/15 9:26:54. Won't happen again for a hundred years.
According to International Standard ISO 8601 today is 2021-03-14. So π day can't ever happen

Sorry, I never bought into that whole Y2K compliance nonsense.

samsoes

Pull out the hard drives, place them in old pillowcases and smash them to smithereens, using a rock, hammer, etc. Then bring the PC's (less the hard drives) to Staples for recycling without any worries. Put the pieces of the hard drives in the trash, spread across several trash pickups.

samsoes

Happy Pi Day! 🍷 🍷 ... and what special pie are you cooking today? Anything especially relevant to pi itself? I'm starting with a pumpkin pie. Those tasty spices deserve to be enjoyed more often than at the traditional Thanksgiving time. Thanks, and Cheers! RM Pi day occurred at 3/14/15 9:26:54. Won...

samsoes

Any word on how to handle the situation if one has already filed for 2020 (including > $11,000 in unemployment income)? Am in the same boat The instructions talk about doing stuff to 1040 so I guess amendment is the only way. So now we wait for tax software products to revise Schedule 1 Line 8 as p...

samsoes

What is "MYGA?" multi year guaranteed annuity: https://www.google.com/search?sitesearch=bogleheads.org&q=myga What is "MYGA?" Check here too. https://www.bogleheads.org/wiki/Fixed_annuity Thank you both, but having to cross-reference non-intuitive acronyms -- especially whil...

samsoes

Any word on how to handle the situation if one has already filed for 2020 (including > $11,000 in unemployment income)?

samsoes

What is "MYGA?"

samsoes

Easier said than done, and without the joy of a large tax refund, but this makes the point of owing instead of getting a refund.

samsoes

The latest Covid relief bill has been signed into law . The thing I find most interesting about this law is the cap of 8.5% of income for health insurance premiums. As someone who is nearing possible early retirement, that goes a long way towards removing the specter of unaffordable health insuranc...

samsoes

A friend of mine plans to retire this summer and wants to use COBRA as long as possible before his Medicare eligibility in March 2024. Does the COVID Relief Legislation change any COBRA options that may help him? Possibly. There are 30 references to COBRA in the text of the bill: https://www.congre...

samsoes

LadyGeek wrote: ↑Thu Mar 11, 2021 2:12 pm The president has signed the bill into law. This thread is unlocked to continue the discussion.

This thread is now in the Personal Finance (Not Investing) forum (ACA subsidy).

Can this one be unlocked now? viewtopic.php?f=2&t=342727

samsoes

Peaceful wrote: ↑Fri Mar 05, 2021 11:39 am I'm 60/40 stocks/bonds right now and I'm going to try to hold it there. Since the GFC I've fluctuated ...

What's a GFC?

samsoes

Kookaburra wrote: ↑Tue Mar 02, 2021 11:13 pm In the past, I’ve always filled out my tax forms by hand and snail-mailed them in. This includes attaching W-2s and 1099s (if tax is withheld).

If one were to e-file their return, how do they transmit the W-2 and 1099s?

Welcome to the 1990's!

samsoes

A few days ago I went for a 50,000 mile service, on my 2016 Toyota Corolla le. The service guy at the dealership said 50,000 miles, is time for new tires. I had been thinking of waiting to 60,000. Tire depth is 4/32. Should I wait? Or dump my coffee and rush to get tires? Rule #1: Never, ever purch...

samsoes

I agree with 4/32nds tread depth along with age and condition of tires. The penny is not an adequate test based on data I've read. The new test is using a quarter. I guess it all depends on the distance from the rim of the coin to the deceased president's head, and the condition of the coin. (I sus...

samsoes

A few days ago I went for a 50,000 mile service, on my 2016 Toyota Corolla le. The service guy at the dealership said 50,000 miles, is time for new tires. I had been thinking of waiting to 60,000. Tire depth is 4/32. Should I wait? Or dump my coffee and rush to get tires? Rule #1 about purchasing n...

samsoes

Do you like high state taxes? If not, stay away from Vermont. Making broad generalizations about state taxes really does not accurately illustrate real costs of living in any state. It does in this case. Can you tell me what knowledge and experiences you have had in Vermont to have this opinion tha...

samsoes

TT wrote: ↑Sat Feb 20, 2021 10:54 am
samsoes wrote: ↑Sat Feb 20, 2021 10:15 am Do you like high state taxes? If not, stay away from Vermont.
Making broad generalizations about state taxes really does not accurately illustrate real costs of living in any state.

It does in this case.

samsoes

Do you like high state taxes? If not, stay away from Vermont.

samsoes

We want to escape the California desert heat this summer and spend a month or longer in Colorado. Our interests are Pickleball, electric cycling, kayaking, hiking and general exploring. We need pet friendly accommodations and are planning to stay in a VRBO . So far, Boulder seems like a great place...

samsoes

Since I must carefully engineer my income to qualify for ACA subsidies, and since foreign taxes are a hidden distribution that aren't known until the 1099 is issued (dividend income increases beyond what was actually paid by the same amount of the foreign tax), I made the decision to divest myself o...

samsoes

Just finished my taxes yesterday.
For the first time since I was a teenager, I paid -0- in Federal income tax and have officially joined the 47% club of folks who don't pay any!

What a country!

samsoes

I think this is a very fair and simple way to do it. I wouldn’t call it “fair” really. It is hugely advantageous to you! Typically utility generation runs 2-4 cents per KWh. 4 cents???! Where? I pay 19 cents last I checked, and I’ve never seen or heard of anywhere in the northeast that’s below 15. ...

samsoes

No, but I'm certain someone here has. Some BHers have way too much time on their hands :D Some of us diligently research and track upcoming dividends ahead of the actual payouts because we need to carefully control our income in order to receive/maximize ACA subsidies. Some dividends don't pay unti...

samsoes

You may wish to check Tax Center on their website. My consolidated 1099 was there this morning. When I read this, I became excited ... for nothing. The Tax Center has a message holding fast to the 2/19 date. I have only Schwab and VG index funds in the account. :confused My reply was to the poster ...

samsoes

galawdawg wrote: ↑Sat Feb 13, 2021 6:00 am You may wish to check Tax Center on their website. My consolidated 1099 was there this morning.

When I read this, I became excited ... for nothing. The Tax Center has a message holding fast to the 2/19 date.
I have only Schwab and VG index funds in the account.

samsoes

BionicBillWalsh wrote: ↑Sun Feb 07, 2021 8:32 pm The dreaded Y21K prophecy that has long been foretold is upon us...

Wow, that's unexpected, since it's 18,979 years early!
Who wouldda thunk!

(Y21K = year 21,000.)

samsoes

Since the pandemic, I have not been returning empty bottles and cans back to the supermarket for the 5c deposit, something I was always diligent about. Instead, I've been bringing them to the local Catholic school once a month when they collect them as a fundraiser. I will continue that practice pos...

samsoes

hi_there wrote: ↑Wed Feb 03, 2021 12:43 pm I read that if you go to a dangerous country, you should wear a Rolex as it can be used to bargain for your life in an emergency.

You may be followed from the airport and have to negotiate for your life quicker than you otherwise would have were you not wearing a Rolex.

samsoes

I am recently self employed and moved to an HDHP for January and funded an HSA. I just secured a job where they are going to give me healthcare. So effectively I may only be on the HDHP for one month. Do I need to worry about my HSA or am I fine? Worry? You can only fund your HSA 1/12 of the annual...

samsoes

Who cares if we are in a bubble or not!
We stay the course and follow our IPS, correct?

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