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I had a retinal detachment in my left eye 20+ years ago. Had full buckle retinal repair. A year later, had cataract surgery in that eye. Another year later had cataract surgery in my right eye, only needed reading glasses. Another year later, had a retinal tear in the right eye. Had full...

New I bond rate effective May 1 will be 4.26% which includes a fixed component of 1.3% https://www.treasurydirect.gov/savings-bonds/i-bonds/

Possibly this would work? https://www.thespreadsheetguru.com/add-real-time-stock-prices-and-metrics-to-excel/

For a moment I was concerned about this Vanguard change. However, upon further reading, it appears that this change will not apply to a single participant SEP-IRA, which is what I have.

Two pair of running shoes per year. Maybe $150 per year. One pair of hiking boots every other year. Maybe $75 per year. Maintenance/repairs on hybrid bicycle maybe $100 per year. Charitable gift to local Nature preserve where I regularly run or shoe shoe the trails. About $250 per...

There is a chance that the standard deductions will be cut in half when the Trump tax cut expires in 2026

Retired from career job at age 50 with an early pension. Stopped working sesonal job in 2018 at age 68. Took WEP reduced SS at age 63 as my minor aged sons could collect a dependence share. Earned my 40th quarter to insure SS benefits at age 51. Wife has not started SS yet, her benefit is...

Sorry PB, I wasn't precise in my terminology. I considered the use of a credit card as a form of electronic payment. He does earn 2% cashback on many purchases.

My 27 year old son purchased a "new" car (actually two year old used vehicle) last November and I was with him. During the negotiations, they offered to take $2K off the price if he financed it, even though he was looking for a cash deal with trade-in. He took the offer, paid off the loan in...

You should have had a 1099R for the withdrawal from the tIRA

Cathy63 has the answer. Essentially some any dividend moved out of zero tax bracket into your ordinary income tax bracket. Study the worksheet. NIIT could also comes into play at higher income levels.

I remember back in Jan 2000, I was trying to decide if I could take an early retirement offer from my employer at age 50, a nice COLA'd government pension. I had a bit short of 1 million in savings at the time but also had 18 month old and 4 year old sons. Decided that with the pension and a...

IRS Pub 550, page 25: U.S. savings bond interest previously reported. If you received a Form 1099-INT for U.S. savings bond interest, the form may show interest you do not have to report. See Form 1099-INT for U.S. savings bond interest, earlier. On Schedule B (Form 1040), Part I, line 1...

I retired 23 years ago and due to the pro-rating of the basis on the Form 8606, I have yet to roll over my 401k to a tIRA so I more quickly regain my basis. The only way to get rid of the 8606 is to completely emty out my tIRA. Taking RMDs so each year I file an updated 8606. I don't...

For a tax return to be e-filed, the IRS compares you name and SSN # with it's files from the SSA. It will accept a return as long as the SSN and the first 4 letters of your last name match the SSA records. See this note from Taxslayer, the software the the IRS provides under their VITA program...

If you obtained a mortgage on the second home, interest paid is deductible as it is on a primary home. Same goes for property taxes that you made have paid at the closing to the seller.

Being lactose intolarant as I got older (past 50), I never have milk. Occasionally will have granola with soy based milk.

See IRS tax topic: https://www.irs.gov/taxtopics/tc403. Read the paragraph labeled Nominee recipient. Maybe her CPA can guide you folks. Regarding the cap gains. See instructions for Schedule D...

I must agree that the calculator is extremely misleading for PA retirees. For example, I'm retired and PA resident. Federal AGI $170K, PA state tax was $1.3K, local tax was $130 from my wife's part time job. Very much depends on what type of income you have.

To me, it is all part of the stash for enjoying life in retirement. Always save it all

This morning, it took me 5 attempts to log into Fidelity. Received some message that said they could not accommodate my request at this time, try again later. I suspect they have a capacity issue. This has happened many times in the past. Since bashing Vanguard seems to be common on this...

Some states require the DL information to efile a state return, some don't. It is not an IRS requirement. See: https://www.marcumllp.com/insights/states-require-drivers-license-for-e-filing-tax-returns Being in PA, I just skip over that page in TT

Remember that if one chose to report the interest of I or EE bonds on an annual basis, you must use this method for ALL I and EE bonds held by that SSN. You can't select the annual interst reporting on only some of your savings bonds...

I think you meant : eyebonds.info Info on determining the interest earned each year is also disccussed at: https://tipswatch.com/2023/02/21/i-bonds-heres-a-simple-way-to-track-current-value/

Simplification is always a good idea, especially as you get older. While I see attractive rates being offered at many banks, especially on -line, these days I'm very mindful of keeping our finances as simple as possible in case something happens to me and it can be very unexpected, such as the...