misc.invest.financial-plan Google Group

how to deal with K-1 in TurboTax?

2010-03-11T03:29:59Z

I traded an ETF in 2009 and received a K-1 Form 1065. The gain on
those shares was also reported through my brokerage statement (which I
downloaded into turbotax directly from the brokerage site).
So, do I need to go in and delete that specific sale from Schedule D
after entering the K-1 information? On the screen for "Enter Sales

Re: The American dream

2010-03-11T02:11:47Z

Elle, I liked the statistics in the other one, but values are very
important, including "saving" as opposed to "consuming." The title to
the article linked below is
43% have less than 10k for retirement
[link]
Paraphrasing from it: Apparently 60% of retirement costs will be

Re: Do rich people need health insurance?

2010-03-11T01:32:19Z

On Mar 10, 10:58 am, "HW \"Skip\" Weldon"
[snip]
I'm not disposed to the insurance notion insofar as medical services
goes, and certainly opposed to government mandated insurance.
Some things in man remain constant through thousands of years of
cultures, and I do not see the wisdom of compromising those in order

Re: Do rich people need health insurance?

2010-03-11T01:24:59Z

Why, thank you so much for your timely correction! I assure you I had
no intent of disparging Mr. Strauss or his wife in any manner. The
first link below contains greater specificty.
The second link addresses a summary time line of the sinking of the
Titanic, and the unfortunate problems.the crew encountered.

Re: Do rich people need health insurance?

2010-03-10T16:32:41Z

(snipped- much right wing-nut hated!)
Wow, where is THAT documented by reliable sources? BTW, if the people
were locked in steerage, how could they mess up the lifeboats and take
the seats of "Gentlemen"?
If this is a moderated list, I suggest the moderators start reading for
such diatribe as in this message.

Re: Do rich people need health insurance?

2010-03-10T15:52:24Z

If its not $2K a month now, it will be so soon enough.
Rates have been doubling every five years when you add in
the age-related increases. A $1000 a month now
will be $4000 in 2020, $16000 in 2030. Dont laugh.
Private insurance in the 1990s was "almost free" compared to now.

Re: Do rich people need health insurance?

2010-03-10T15:58:26Z

On Tue, 9 Mar 2010 19:43:23 -0600, dapperdobbs <George...@hotmail.com>
wrote:
While I might express it more softly <g>, I agree with your premise.
Unfortunately, from a political perspective I think we'll have to give
a little to those who feel everyone should have insurance.
To get what we want (liability limits, less government interference

Re: Do rich people need health insurance?

2010-03-10T15:52:32Z

Most of these are teaser rates for perfect health the previous five
years.
If you have any current condition, prescription or a hospitalization
in the past years expect to be offered 50%-100% higher if they
accept you at all.

Re: Do rich people need health insurance?

2010-03-10T10:08:16Z

Correct. And the purpose of the current health care efforts in congress is
to shift financial risk to someone else.

Re: Do rich people need health insurance?

2010-03-10T01:56:38Z

[snip]
I think most people recognize all the very valid points you made. Some
vocal few squeal loudly, and it appears that those are the majority.
One wag on CNBC quipped about "health care reform," he said,
presumably to the remaining fanatical proponents, "What part of the
word "NO" do you not understand?

Re: Do rich people need health insurance?

2010-03-10T01:43:23Z

On Mar 9, 2:11 pm, "Gene E. Utterback, EA, RFC, ABA"
[snip]
[snip]
The artificial demand pull created by insurance raises the price to
everyone.
The real cost drivers are avaricious lawyers, bureacuracy, and
insurance. So the current plan is to do nothing about the lawyers (as
idiot juries continue to award hundreds of millions to people who "did

Re: Return of Capital from ETF -- Tax Treatment?

2010-03-10T00:07:18Z

Oh rats, a commodity etf (as a publicly traded partnership) has sent
me a K-1 form against my traditional IRA declaring "adjustments to
basis". I assume this is not normally of relevance because you
typically will treat the whole shebang with basis of zero. Hopefully
it is only for folks doing fancy transactions - this IRA of mine is in

Re: Do rich people need health insurance?

2010-03-10T00:08:00Z

More accurately, the purpose of insurance is to evenly distribute the
financial burden over the the members of the group that participate in
the plan. Those who sustain little or no loss will subsidize the few
who sustain large losses.

Re: Do rich people need health insurance?

2010-03-09T22:35:41Z

On Mar 9, 12:11ï¿½pm, "Gene E. Utterback, EA, RFC, ABA"
I would have said, to be maybe a bit more clear, "to distribute
financial risk over a group."
Every few years I check what HD health insurance would cost me. Since
about 2003, the overwhelming majority of HD plans offer deductibles
that are $5k or less. Many free online comparators attest to this. I

Re: Fidelity IRA funds for 2010

2010-03-09T21:39:13Z

I was just laying low since the 2007 collapse.... and haven't picked
anything new since then.
Have had FSEAX and FEMKX - and still seems to be the "sector" to have,
but can't figure out why these are in the lower half of the perf group.
At this point - just looking for something to keep ahead of inflation...