Search found 3583 matches

by tomd37
Tue May 11, 2021 9:56 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1886
Views: 182101

Re: Jack Bogle - Two Fund Portfolio

My equity percentage is 40%, but even in earlier years when it was 60% I still felt the same way as to international diversification. Each of us has their own feelings on the subject and some of us don't want to be "hounded" by others based on their personal feelings. Even Vanguard years a...
by tomd37
Tue May 11, 2021 9:24 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1886
Views: 182101

Re: Jack Bogle - Two Fund Portfolio

vineviz - As an older investor (at age 84) I get all the equity diversification I feel I need with the TSM fund and its overseas diversification through certain companies. Please stop trying to continually push your thoughts on this matter on everyone. :annoyed :annoyed To each his/her own.
by tomd37
Sun May 09, 2021 4:22 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1886
Views: 182101

Re: Jack Bogle - Two Fund Portfolio

My overall stock allocation is 40% based on my advanced age of 84. I do not have any allocation to international stock by choice and if I did it would be no more than 20%. 20% of a 40% allocation is only 8% and my position is anything less than 10% does not play any significant role in a portfolio. ...
by tomd37
Thu May 06, 2021 8:31 pm
Forum: Personal Investments
Topic: Are REIT's a good investment if inflation and interest rates go up?
Replies: 11
Views: 1092

Re: Are REIT's a good investment if inflation and interest rates go up?

Tony et al, I believe Rick Ferri has been a proponent of REITs in his Core 4 portfolio and has indicated that REITS are represented by about 3 to 4 percent of the total US stock market. I believe he also has indicated that commercial real estate represents about 13% of the US economy. Thus, if you d...
by tomd37
Wed May 05, 2021 2:07 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1886
Views: 182101

Re: Jack Bogle - Two Fund Portfolio

Thanks for posting that Taylor. Good illustration of the movement of various investments from year to year over an extended period of time.
by tomd37
Wed May 05, 2021 1:22 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1886
Views: 182101

Re: Jack Bogle - Two Fund Portfolio

Quite often when I view posts like this one where readers are going back and forth on the pros and cons of a certain part of the investment market, I wish I know how to post an attachment. If I could I would post The Callan Periodic Table of Investment Returns just to share that info. The current ta...
by tomd37
Wed May 05, 2021 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Free File Tax Program Availability
Replies: 9
Views: 507

Re: Free File Tax Program Availability

Thanks. State return is not of concern as there is no state income tax in my location. Looking forward to any other comments that might be offered.
by tomd37
Wed May 05, 2021 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Free File Tax Program Availability
Replies: 9
Views: 507

Re: Free File Tax Program Availability

I was not aware of "Free File Fillable Forms". Looking at the online IRS guidelines for this program the last paragraph indicates (to me) this is for taxpayers whose income (AGI) is greater than $72,000. Taxpayers whose income is $72,000 or less qualify for IRS Free File partner offers. If...
by tomd37
Wed May 05, 2021 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Free File Tax Program Availability
Replies: 9
Views: 507

Free File Tax Program Availability

Does anyone know how late in the year "free file" tax programs are available for use and submission online of 2020 tax returns? Are these programs turned off after a certain date and no longer available for use for a given tax year? I am specifically thinking of the use of these programs b...
by tomd37
Sat May 01, 2021 2:04 pm
Forum: Personal Consumer Issues
Topic: HVAC replacement when experts disagree
Replies: 96
Views: 6175

Re: HVAC simplicity vs efficiency choice

jco - My understanding is that the minimum SEER these days is 14. Could this Trane unit be an older one? Maybe someone else will chime in.
by tomd37
Thu Apr 29, 2021 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Married filing seperately questions - income disparity
Replies: 11
Views: 735

Re: Married filing seperately questions - income disparity

dred pirate - As my friend said above you could do your return both ways to see the difference. I too see very few cases where there is a benefit to MFS filing status. Be sure to look at chapter 2 of IRS Publication 17 to look at the Special Rules section when using MFS filing status, including item...
by tomd37
Sat Apr 24, 2021 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: RMD coming.....
Replies: 136
Views: 14318

Re: RMD coming.....

Dave C. We are in our mid-80s and in looking back now we made a few big mistakes when it came to retirement. DW is two years older and we made a joint decision for her to take reduced SS benefits at age 62 (23 years ago) based on her earnings. She worked eight years before marrying and then for abou...
by tomd37
Thu Apr 22, 2021 6:16 pm
Forum: Forum Issues and Administration
Topic: Question for Administrators [Total number of a member's posts]
Replies: 2
Views: 419

Question for Administrators [Total number of a member's posts]

I notice that each member has a number of posts attached to his/her registration. Does that number reflect the number of posts started or does it also include the number of responses also. I ask because I note that some members will have literally dozens and dozens of responses on the same post of n...
by tomd37
Wed Apr 21, 2021 12:13 pm
Forum: Investing - Theory, News & General
Topic: REITs for diversification
Replies: 53
Views: 3647

Re: REITs for diversification

I was just looking at The Callan Periodic Table of Investment Returns. Annual returns for key indices ranked in order of performance 2001-2020. Real estate was ranked as follows: 4 times #1, 2 times #2, 3 times #3, 2 times #4, #5, #6, #7, 1 time #8, and 2 times #9 (last place). Markets rated - Shown...
by tomd37
Tue Apr 20, 2021 4:47 pm
Forum: Personal Consumer Issues
Topic: Air filter @ Furnace/AC or only @ Intake Air Vent?
Replies: 13
Views: 1048

Re: Air filter @ Furnace/AC or only @ Intake Air Vent?

I own a two-story home and have a gas-pack unit outside that services the first floor and a split system in the attic that services the second floor. Both units have a filter in their air return system in either the wall downstairs or the ceiling upstairs. Neither unit has a place for a filter in th...
by tomd37
Sat Apr 17, 2021 9:56 pm
Forum: Personal Investments
Topic: Need Help with Investment Plan - Close to Retirement
Replies: 12
Views: 1728

Re: Need Help with Investment Plan - Close to Retirement

I've been on this forum and its predecessor for twenty-five years now and I've always seen comments about making your investment portfolio as simple as possible. Have also seen many comments over the years that allocations of less than ten percent really don't have much of an impact overall. I would...
by tomd37
Wed Apr 07, 2021 4:17 pm
Forum: Personal Consumer Issues
Topic: Gmail asking for birthdate
Replies: 14
Views: 1974

Re: Gmail asking for birthdate

Give them February 29th of a non leap year. :twisted:
by tomd37
Wed Apr 07, 2021 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: EIP1 & EIP2 Payment Reconciliation
Replies: 2
Views: 187

Re: EIP1 & EIP2 Payment Reconciliation

Thank you HueyLD. There is nothing like getting the wording straight from the proper source. 8-)
by tomd37
Wed Apr 07, 2021 11:18 am
Forum: Personal Finance (Not Investing)
Topic: EIP1 & EIP2 Payment Reconciliation
Replies: 2
Views: 187

EIP1 & EIP2 Payment Reconciliation

Had a question posed to me by a neighbor this morning to which I could not answer definitively. Neighbor is filing 2020 federal tax return using MFJ filing status. Her husband passed away in October 2020. They had received EIP1 in amount of $1200 per person. She received EIP2 in amount of $600 and n...
by tomd37
Mon Apr 05, 2021 9:42 am
Forum: Investing - Theory, News & General
Topic: Monthly or Yearly Withdrawals in Retirement
Replies: 39
Views: 4095

Re: Monthly or Yearly Withdrawals in Retirement

For those of us/you of RMD and QCD age and who want to donate to qualified charitable organizations while at the same time want to reduce their taxable income, you might want to consider the timing of your RMD in relation to the timing of your QCD. With the relatively new higher standard deduction m...
by tomd37
Fri Apr 02, 2021 3:53 pm
Forum: Personal Investments
Topic: Help me help my parents
Replies: 12
Views: 1388

Re: Help me help my parents

OP - Are your parents really receiving Supplemental Security Income (SSI) or are they receiving regular Social Security payments based on their work history? They are two separate programs and I suspect they are receiving the latter. It might be worthwhile for you to look into SS benefits and find o...
by tomd37
Thu Apr 01, 2021 8:20 pm
Forum: Personal Consumer Issues
Topic: Storage Unit Rent Increase
Replies: 32
Views: 2938

Re: Storage Unit Rent Increase

Keep renting those storage units! Those type companies are a major part of my Vanguard REIT Index Fund investment over and above that in the Total Stock Market Index Fund. :moneybag
by tomd37
Thu Apr 01, 2021 9:03 am
Forum: Personal Consumer Issues
Topic: What to do with 26 year old central AC unit?
Replies: 40
Views: 2784

Re: What to do with 26 year old central AC unit?

Designairohio - Well said and good advice in my opinion!
by tomd37
Wed Mar 31, 2021 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: $1M / $5M Geico Umbrella Policy in Florida: Are These Numbers Insane?
Replies: 40
Views: 3555

Re: $1M / $5M Geico Umbrella Policy in Florida: Are These Numbers Insane?

I pay $359 per year for a 2 million dollar policy with USAA where I hold my auto and homeowners policy. :D Two older adults only and no other unusual items that might add more exposure.
by tomd37
Wed Mar 31, 2021 2:02 pm
Forum: Personal Consumer Issues
Topic: What to do with 26 year old central AC unit?
Replies: 40
Views: 2784

Re: What to do with 26 year old central AC unit?

I believe in HVAC system annual maintenance. I pay $75 in spring and again in fall for the servicing of two units; a gas pack unit for the first floor and a split system for the second floor. At age 84 I am not tackling that type work myself as I value my life too much. :wink: I do replace the air r...
by tomd37
Wed Mar 31, 2021 10:10 am
Forum: Personal Finance (Not Investing)
Topic: When are my 2017 taxes actually due?
Replies: 19
Views: 1840

Re: When are my 2017 taxes actually due?

Sorry, I misread the original post as to refund vs. owing.
by tomd37
Wed Mar 31, 2021 9:42 am
Forum: Personal Finance (Not Investing)
Topic: When are my 2017 taxes actually due?
Replies: 19
Views: 1840

Re: When are my 2017 taxes actually due?

Retiredjg - The question I would be concerned about, federal taxwise, is what penalty is the OP facing for not filing a 2017 return up until now and for filing a late return at this time. Is there more than one penalty and at what rate?
by tomd37
Wed Mar 31, 2021 8:55 am
Forum: Personal Finance (Not Investing)
Topic: When are my 2017 taxes actually due?
Replies: 19
Views: 1840

Re: When are my 2017 taxes actually due?

OP - Are you inquiring about federal or state taxes?
by tomd37
Thu Mar 25, 2021 12:04 pm
Forum: Personal Investments
Topic: Any place better than Marcus (.5%) to park money?
Replies: 25
Views: 2725

Re: Any place better than Marcus (.5%) to park money?

elliott1234
Live Oak Bank (an online bank) in Wilmington, NC is paying 0.60% APY on high-yield savings accounts and 0.65% APY on their 12-month CD. I have both types of accounts there, but my 12-month CD maturing next month was at 1.60% APY.
by tomd37
Sun Mar 21, 2021 7:45 pm
Forum: Personal Consumer Issues
Topic: REAL ID now set to be effective May 3 2023 UPDATE
Replies: 130
Views: 10041

Re: REAL ID still set to be effective Oct 1 2021

7eight9, Thank you for posting the TSA reference link. We are a couple in our mid-80s and getting a new license would not be easy for us. We might expire before the current ones do. :wink: However, I am a US Navy retiree and we both have military identification cards which appear to be fine for the ...
by tomd37
Fri Mar 19, 2021 4:31 pm
Forum: Personal Investments
Topic: RMD & Estimated Taxes
Replies: 40
Views: 2784

Re: RMD & Estimated Taxes

Framus - I assume you are asking if you take your RMD later in the year and have federal tax withheld at that time, will that tax withheld be considered as paid throughout the year. The answer to that is yes.
by tomd37
Wed Mar 17, 2021 11:26 am
Forum: Personal Consumer Issues
Topic: Toyota Sienna - Which Years Were Best?
Replies: 18
Views: 1379

Re: Toyota Sienna - Which Years Were Best?

OP - According to the April 2021 issue of Consumer Reports, the 2014 Toyota Sienna followed by the 2013 version have the best records.
by tomd37
Mon Mar 15, 2021 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 372
Views: 27440

Re: Received 3rd stimulus check 3/12/21

I have not been able to figure out why we, who filed MFJ for 55 years, only get one-half of our economic incentive payment on each of the three payments. We had to file for the recovery rebate credit on our 2020 tax return and will have to do the same next year when we file our 2021 tax return. :co...
by tomd37
Mon Mar 15, 2021 11:37 am
Forum: Personal Consumer Issues
Topic: Car suggestion for 70+ year-old mom
Replies: 160
Views: 9035

Re: Car suggestion for 70+ year-old mom

Calico - The April 2018 issue of Consumer Reports magazine, page 34 had a very interesting article "Best New Cars for Seniors". Being a senior at age 83 I found the article very informative when I purchased my next car in 2019. The article rated twenty-five cars of various sizes and types ...
by tomd37
Mon Mar 15, 2021 8:47 am
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 372
Views: 27440

Re: Received 3rd stimulus check 3/12/21

I have not been able to figure out why we, who filed MFJ for 55 years, only get one-half of our economic incentive payment on each of the three payments. We had to file for the recovery rebate credit on our 2020 tax return and will have to do the same next year when we file our 2021 tax return. :con...
by tomd37
Fri Mar 12, 2021 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 372
Views: 27440

Re: Received 3rd stimulus check 3/12/21

I have no idea now of how the federal govt machinery is calculating EIP3. As a MFJ couple my deposit notification from the bank this evening indicates we are getting about one-half of what we are due and expected. That's odd because our 2020 tax return was accepted February 14th and refund received ...
by tomd37
Fri Mar 12, 2021 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 372
Views: 27440

Re: Received 3rd stimulus check 3/12/21

I did not get the first economic impact payment initially. I think it was the fact that it was based on my 2018 tax return AGI and that year I did not have a refund coming so the return did not include banking info on that 1040. I had not filed my 2019 return therefore they used the 2018 return data...
by tomd37
Fri Mar 12, 2021 2:09 pm
Forum: Personal Consumer Issues
Topic: 3 days in Asheville NC -- end of march weekend
Replies: 39
Views: 3182

Re: 3 days in Asheville NC -- end of march weekend

Our son passed away while living in Asheville. We had to wait until late April/early May to ensure access to the Blue Ridge Pkwy to spread his ashes. Don't count on access to the parkway in late March.
by tomd37
Thu Mar 11, 2021 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to deposit a check without endorsing it in the back?
Replies: 31
Views: 3767

Re: How to deposit a check without endorsing it in the back?

Recently I discovered that I can deposit a check into my account by just writing For Deposit Only along with my account number and not have to sign the payee's name. I have been with NFCU for 60 years now and never knew or noticed this. :D
by tomd37
Wed Mar 10, 2021 11:46 am
Forum: Personal Finance (Not Investing)
Topic: EIP & Recovery Rebate Credit Worksheet
Replies: 6
Views: 356

Re: EIP & Recovery Rebate Credit Worksheet

OP here again and last time. Taxpayer called me this morning and found bank deposit of EIP1 in amount of $1200. EIP2 was $600 so he is not due any recovery rebate credit. I did a pen and paper return for him and he is now ready to mail his tax return and the small amount he owes. For those of you fo...
by tomd37
Wed Mar 10, 2021 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Income tax refund
Replies: 5
Views: 526

Re: Income tax refund

Jackoak Did your return contain items for which the IRS had previously announced that returns would be delayed? For example under the PATH Act the IRS cannot issue a refund for returns involving Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) before mid-February. The law provi...
by tomd37
Tue Mar 09, 2021 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: EIP & Recovery Rebate Credit Worksheet
Replies: 6
Views: 356

Re: EIP & Recovery Rebate Credit Worksheet

OP here again with an update. Friend is in mid-70s and I've done his return for years in the Tax-Aide program. He cannot get it done this year there due to lack of appointments with the pandemic. I'm 83 and temporarily out of program this year but willing to help him. Have worked out his 1040 and it...
by tomd37
Tue Mar 09, 2021 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: EIP & Recovery Rebate Credit Worksheet
Replies: 6
Views: 356

EIP & Recovery Rebate Credit Worksheet

Taxpayer filing single received $600 for each of the two economic impact payments (EIPs) and is entitled to $1,200 for first and $600 for second. Therefore has to use the recovery rebate credit worksheet to justify the additional $600 credit. Question is, since taxpayer is filing via paper return, d...
by tomd37
Mon Mar 08, 2021 9:54 pm
Forum: Personal Investments
Topic: Re: Transitioning
Replies: 6
Views: 762

Re: Transitioning

For personal reasons I don't want to go into here and now, I don't want to transition my account at this time. What I would like to know though is whether I have to transition if I want to open a new taxable investment account at Vanguard in my name only. I do have a joint taxable account in my and ...
by tomd37
Sat Mar 06, 2021 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of teen's 1st tax return
Replies: 35
Views: 2033

Re: Mechanics of teen's 1st tax return

I am no expert on this matter, but I would suspect your teen daughter is claimed as a qualified dependent on your tax return. I would then go on to assume that the two EIPs were made to you and if you received an EIP that included a payment for her, that all those payments would be reported on your ...
by tomd37
Fri Mar 05, 2021 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Loss Carryover
Replies: 1
Views: 202

Capital Loss Carryover

I was asked a tax question today that I was not "absolutely sure" of my response, but my tentative answer was yes. Taxpayer in 2016 had a capital loss carryover of $19,000. Taxpayer did not have income for next three years. Taxpayer now has income and filing requirement for 2020. Question ...
by tomd37
Thu Mar 04, 2021 11:58 am
Forum: Personal Investments
Topic: ally bank takes 10 minutes per CD
Replies: 24
Views: 2152

Re: ally bank takes 10 minutes per CD

Agree with the comment concerning Live Oak Bank in Wilmington, NC. They are at 0.60% APY for online savings and 0.65% APY for a 12-month CD right now. Have a 1.60% APY 12-month CD maturing there the end of April.
by tomd37
Thu Mar 04, 2021 11:48 am
Forum: Personal Investments
Topic: ally bank takes 10 minutes per CD
Replies: 24
Views: 2152

Re: ally bank takes 10 minutes per CD

Three or four years ago I established a monthly ladder of 12-month CDs at Navy Federal CU and/or Synchrony Bank depending on where the best rate was. Sometimes one of them would have a better rate offer for a longer period of time which I would take advantage of thus extending my ladder. As rates dr...
by tomd37
Wed Mar 03, 2021 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of teen's 1st tax return
Replies: 35
Views: 2033

Re: Mechanics of teen's 1st tax return

SimonJester - It's like they say, "Garbage in, garbage out!" :wink:
by tomd37
Wed Mar 03, 2021 6:00 pm
Forum: Personal Consumer Issues
Topic: Car suggestion for 70+ year-old mom
Replies: 160
Views: 9035

Re: Car suggestion for 70+ year-old mom

Some people have a liking for certain car manufacturers - My father-in-law passed in 2000. His favorite manufacturer was the Ford Motor Company and its associated products. He had a Ford, Mercury, or Lincoln product manufactured in '29, '39, '49, '59, '69, '79, and '89. He was still driving the '89 ...