Search found 1027 matches

by Carl53
Thu Sep 03, 2015 5:24 am
Forum: Investing - Help with Personal Investments
Topic: Rewards checking accounts as investments
Replies: 11
Views: 529

Re: Rewards checking accounts as investments

Goal33 wrote:In my experience, the deals have never been worth the effort...


+1
by Carl53
Thu Sep 03, 2015 4:51 am
Forum: Investing - Help with Personal Investments
Topic: Is this retirement plan Boglehead approved?
Replies: 6
Views: 723

Re: Is this retirement plan Boglehead approved?

Emergency funds: six months of expenses Debt: none Tax Filing Status: Married filing jointly Tax Rate: 15% Federal, 2.8% State State of Residence: Arizona Age: 47 Desired Asset allocation: 60% stocks / 40% bonds 'ish Desired International allocation: None at this time (Bogle). Current retirement as...
by Carl53
Mon Aug 31, 2015 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion/recharacterization game or 0% cap gains tax rate
Replies: 7
Views: 580

Re: Roth conversion/recharacterization game

Multiple conversions of different asset classes has its advantages. I generally have done the recharacterizations in early to mid December since it seems like the paperwork from VG comes out a little cleaner w regard to taxes. You have the recharacterizations in the same year as the conversion. Last...
by Carl53
Thu Aug 27, 2015 9:05 am
Forum: Personal Finance (Not Investing)
Topic: PenFed offer to use their card
Replies: 5
Views: 1232

Re: PenFed offer to use their card

Carl53, I'm in the same boat with the PenFed card, but was unaware they discounted the rewards points on the new signature card. I really liked the old awards and thought it was one of the best around. What are some of the new cards that you find to be better? I'll take a look at switching as well;...
by Carl53
Thu Aug 27, 2015 5:22 am
Forum: Personal Finance (Not Investing)
Topic: PenFed offer to use their card
Replies: 5
Views: 1232

PenFed offer to use their card

We've had PenFed cards a few years. First the 5% gas card that I was enticed to give up in favor of their platinum rewards signature card that initially gave points equivalent to 5% on gas, 3% at the supermarket and 1% on everything else. About two years ago, they discounted the value of the points ...
by Carl53
Fri Aug 21, 2015 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: SSA: your estimated benefits (how to calculate)
Replies: 30
Views: 3198

Re: SSA: your estimated benefits (how to calculate)

I am 62 this year. The spreadsheet matched AnyPia which matched what I received from SS. Earnings last year were low so any forward projection by SS would be eliminated as not in the top 35. When I ran AnyPia I just entered zero for future earnings. That's interesting Carl , do you have any thought...
by Carl53
Fri Aug 21, 2015 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: SSA: your estimated benefits (how to calculate)
Replies: 30
Views: 3198

Re: SSA: your estimated benefits (how to calculate)

I am 62 this year. The spreadsheet matched AnyPia which matched what I received from SS. Earnings last year were low so any forward projection by SS would be eliminated as not in the top 35. When I ran AnyPia I just entered zero for future earnings.
by Carl53
Wed Aug 19, 2015 4:28 pm
Forum: Investing - Theory, News & General
Topic: Is a Roth dollar worth 1.525 times a taxable dollar?
Replies: 27
Views: 4475

Re: Is a Roth dollar worth 1.525 times a taxable dollar?

We have limited exposure to capital gains. For my long term tax plan, I've discounted the value of the TIRA holdings 25% when compared to post tax and Roths. The discount value certainly changes over the years given whatever else is going on in your situation. Social Security makes a major impact on...
by Carl53
Tue Aug 18, 2015 4:47 am
Forum: Investing - Help with Personal Investments
Topic: New Boglehead - looking for advice on first investments
Replies: 9
Views: 1048

Re: New Boglehead - looking for advice on first investments

Do you have any suggested starting points about high-interest savings accounts and CDs? The following site often is good for this info. https://www.depositaccounts.com/blog/ They have an early withdrawal penalty calculator that is decent for making comparisons. A word of caution, be sure to look at...
by Carl53
Sun Aug 16, 2015 11:00 am
Forum: Investing - Help with Personal Investments
Topic: New Boglehead - looking for advice on first investments
Replies: 9
Views: 1048

Re: New Boglehead - looking for advice on first investments

Questions 1. Fund recommendations, and how to achieve desired AA in simplest way? Where to buy the REIT? We were thinking of getting them from roth IRA funds. Use the excellent Vanguard funds offered in your 401ks. 2. Does it make sense to max her 401k too? Absolutely. 3. Given we have less in tax ...
by Carl53
Sat Aug 15, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 688

Re: Refinance Advice - Getting rid of PMI

JerLon wrote:My wife and I purchased a home for $127,000 in 11/2014. Current mortgage balance is $125,000. Home appraised for $137,000 when we purchased.


Was this loan an FHA loan? If so, the rules on getting rid of PMI have become more onerous in the last couple of years.
by Carl53
Fri Aug 14, 2015 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Why do certain employers make you wait a year to contribute to 401k?
Replies: 34
Views: 3082

Re: Why do certain employers make you wait a year to contribute to 401k?

Kevin M wrote:In calculating the additional $8K in taxes, did you factor in contributing the max to a traditional IRA? Since you won't be covered by an employer plan, the income limits on deductible IRA contributions don't apply.


If his current employer has a 401k, then this is not an option.
by Carl53
Tue Aug 11, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: SS withholding
Replies: 22
Views: 1680

Re: SS withholding

Livesoft suggested using direct pay in lieu of estimated quarterly payments in another thread. http://www.irs.gov/Payments Perhaps you could just make a payment in December via direct pay if it looks like you'll owe taxes. Possible problem with using direct pay for quarterly estimated taxes if not ...
by Carl53
Tue Aug 11, 2015 9:59 am
Forum: Personal Finance (Not Investing)
Topic: SS withholding
Replies: 22
Views: 1680

Re: SS withholding

Livesoft suggested using direct pay in lieu of estimated quarterly payments in another thread.

http://www.irs.gov/Payments

Perhaps you could just make a payment in December via direct pay if it looks like you'll owe taxes.
by Carl53
Mon Aug 10, 2015 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Question about deferred annuity payouts
Replies: 1
Views: 189

Question about deferred annuity payouts

Looking over my FIL's finance information I find he has a twenty-five year old flexible premium deferred annuity that has about 10 years left in the contract. He has made mostly the minimum payments to it, but apparently rolled several CDs into it in the 2003 or so time frame. The annuity says it pa...
by Carl53
Tue Aug 04, 2015 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance
Replies: 14
Views: 1232

Re: Inheritance

Hi all- My father recently passed away leaving a small inheritance for myself and my sister. When all is said and done, I should have around $115,000 to invest. About me, I am a single Mom of two teens, the first is off to college in 3 years. I am a teacher and I hate my job. I am vested in the Flo...
by Carl53
Mon Aug 03, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Benefits - so confusing
Replies: 17
Views: 1735

Re: Spousal Benefits - so confusing

MrTimeWise, I signed up for spousal benefits at my FRA last December. I told the SSA representative that I wanted to let my own ride until age 70 and collect the 8% extra per year. He said he understood and preceded to start my spousal which I am currently getting. The spousal is about one quarter ...
by Carl53
Sun Aug 02, 2015 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Maturing CDs -- Now What?
Replies: 15
Views: 1948

Re: Maturing CDs -- Now What?

You said the CDs are mostly in your IRA accounts. You will need to start taking RMDs from those accounts in four years, so make sure you don't have so much money tied up in long duration CDs that you are unable to liquidate and take RMDs without paying a penalty on a CD. Right...luckily I primarily...
by Carl53
Fri Jul 31, 2015 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - Water Softener and Drinking Water Problem
Replies: 5
Views: 395

Re: Need Help - Water Softener and Drinking Water Problem

We've had of their softeners for about fifteen years. No maintenance required other than bumping the wheel number form two to four when the delivered wate grew harder. Bag of mortons salt every two months or so. Also changed the prefilter myself a couple of times. The drinking water system is ten ye...
by Carl53
Fri Jul 31, 2015 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Will this cash back card work with hippie groceries?
Replies: 8
Views: 1078

Re: Will this cash back card work with hippie groceries?

I'm thinking about getting this American Express "Blue Cash Preferred Card." The terms include... 6% Cash Back at US supermarkets up to $6,000 per year in purchases (then 1%). 3% Cash Back at US gas stations and select U.S. department stores. 1% Cash Back on other purchases. The problem i...
by Carl53
Wed Jul 29, 2015 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Refinance a few years before sale?
Replies: 9
Views: 822

Re: Refinance a few years before sale?

One other question: what do I consider when calculating the break even point? Any money I save in the reduced payments would simply be applied to the balance of the loan; the amount I'm going to pay each month isn't going to change. All that changes is the required amount and possibly the amount ap...
by Carl53
Wed Jul 29, 2015 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Fiber company wants to offer $ for new line
Replies: 7
Views: 904

Re: Fiber company wants to offer $ for new line

It might be interesting to talk about the offer with neighbors who may also be involved to get their insights/perspectives. You also might want to look up any web references to the project to see if there's an approval involved from the city, state, or public utilities commission. Is there an alter...
by Carl53
Tue Jul 28, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Fiber company wants to offer $ for new line
Replies: 7
Views: 904

Fiber company wants to offer $ for new line

I received the following email today after having an individual show up at the house two days in a row when we were not home. I sent an email inquiry to the address on a note left at the house. Thank you for responding. XXXXXXXX is wanting to place a new fiber telephone line at the edge of your priv...
by Carl53
Tue Jul 28, 2015 5:16 am
Forum: Investing - Help with Personal Investments
Topic: Refinance a few years before sale?
Replies: 9
Views: 822

Re: Refinance a few years before sale?

If you are going to move in 3 years, plus or minus a year, I think I would be sure that all of my closing costs would be paid off in well less than two years. My son refinanced his home 13 months ago, and was ahead after about 8 months. Shop around, some institutions may be offering specials on low ...
by Carl53
Sun Jul 26, 2015 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Unequal estimated tax payments
Replies: 27
Views: 2221

Re: Unequal estimated tax payments

You can do anything you want to do. You can even ditch EFTPS and use Direct Pay which is easier. When you use "Direct Pay", do you receive a 1099 or other document to reflect the taxes paid? I see there are options to have funds taken from your bank account or from a cc. Am I correct in a...
by Carl53
Wed Jul 22, 2015 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone had experience with missingmoney.com?
Replies: 14
Views: 1550

Re: Has anyone had experience with missingmoney.com?

OP here. As I stated in my original post, when I went to my state website and did a search of unclaimed funds, it then sent me to a 3rd party website to fill out a claim form. I looked at the FAQs section on the state website and it claimed that I could mail a form directly to the state but I could ...
by Carl53
Tue Jul 21, 2015 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Savings Contributions Credit (Saver’s Credit)
Replies: 3
Views: 404

Re: Retirement Savings Contributions Credit (Saver’s Credit)

Check out form 8880 instructions. If you were a full time student for parts of five months, you are ineligible.
by Carl53
Tue Jul 21, 2015 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Social Security estimated benefits accuracy with 'spotty' earnings
Replies: 27
Views: 2282

Re: Social Security estimated benefits accuracy with 'spotty' earnings

I'm doing the crash course in Social Security benefits, with 62 just around the corner. There were a few things I didn't know, such as the best 35 years of the last 40 being used to calculate benefits. In my case I actually have well under 35 years of SS covered earnings and not a penny since 1997,...
by Carl53
Mon Jul 20, 2015 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone had experience with missingmoney.com?
Replies: 14
Views: 1550

Has anyone had experience with missingmoney.com?

My sister called while I was composing a post on another topic informing me that I had several supposed unclaimed funds if I checked my state's unclaimed funds site. I did check it out but end up getting moved to a non-government site, missingmoney.com asking for personal information to validate the...
by Carl53
Mon Jul 20, 2015 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: What is an acceptable CD EWP?
Replies: 1
Views: 276

What is an acceptable CD EWP?

I have been helping my in-laws with some of their financial dealings. Mostly pretty simple taxes, setting up auto pay for bills and the like. I was looking at one of their CD renewal notices and found some eye-popping early withdrawal penalties. "Current early withdrawal penalties are: 31 day t...
by Carl53
Wed Jul 15, 2015 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Roth to Traditional
Replies: 10
Views: 844

Re: Roth to Traditional

You might want to read the wiki post on traditional vs Roth IRAs: https://www.bogleheads.org/wiki/Traditional_versus_Roth Unless you have outside income or are married and your spouse has substantial income it is not likely that your marginal federal income tax bracket is >15%. IMHO, most bogleheads...
by Carl53
Wed Jul 15, 2015 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Need to Refi 1st Mortgage but under water $110k
Replies: 27
Views: 2367

Re: Need to Refi 1st Mortgage but under water $110k

You might check out Dave Ramsey. There are many that talk positively about his brand of tough love (Eat beans and rice) regarding debt repayment. I suspect that you need to sell the house and stop spending so much money on life. You likely will need to liquidate the stock, but I would try to avoid t...
by Carl53
Thu Jul 09, 2015 4:18 am
Forum: Personal Finance (Not Investing)
Topic: New Graduate with New Job....Need advice with debt plan!!!
Replies: 10
Views: 1050

Re: New Graduate with New Job....Need advice with debt plan!!!

Since you just graduated you probably have not earned much yet this year. The Roths may be best for this year as long as you end up in the 15% marginal bracket on your federal taxes. You can use tax prep software to test out your status or an excellent learning exercise would be to build your own ta...
by Carl53
Sat Jul 04, 2015 7:53 am
Forum: Personal Consumer Issues
Topic: Replacing broken furniture drawer hardware.
Replies: 11
Views: 898

Re: Replacing broken furniture drawer hardware.

I had several pulls on an old bedroom set similarly fail. Years ago, pre-googling for replacements that I highly doubt would have been available, I used pieces of bare #12 copper wire to loop around the broken ends. My pulls are a little more brass colored but you might be able to get copper wire to...
by Carl53
Sun Jun 28, 2015 7:00 pm
Forum: Personal Consumer Issues
Topic: can you recommend comfortable walking shoes?
Replies: 48
Views: 5180

Re: can you recommend comfortable walking shoes?

Another vote for New Balance. I have 3 pair of 812s in various colors, all made in the USA. The black ones even serve me for when I ought to have a dressier black shoe. Well I also have some beat up ones that I wear around the yard too. For when its nasty outside I have a pair of MW1569s.
by Carl53
Sat Jun 13, 2015 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: tIRA's RMDs causing increasing tax concerns
Replies: 62
Views: 7788

Re: tIRA's RMDs causing increasing tax concerns

I might take another look at Roth Conversions. I really appreciate you all's input. I'm not picking on Electron. It's just he offered one of the first ideas I might have a chance of understanding and calculating. But, I'm probably doing this wrong - so please chime in with corrections. If I do a Ro...
by Carl53
Fri Jun 12, 2015 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: tIRA's RMDs causing increasing tax concerns
Replies: 62
Views: 7788

Re: tIRA's RMDs causing increasing tax concerns

As others have suggested QCDs may be available in addition to the standard deduction. I would presume so until otherwise proven. At worst, if it is money that you would otherwise have donated, you are only looking at the 25% tax savings that might be lost if they do not renew it. Use a tax program t...
by Carl53
Thu Jun 11, 2015 4:44 am
Forum: Personal Finance (Not Investing)
Topic: Individual bonds in IRA of deceased
Replies: 4
Views: 462

Individual bonds in IRA of deceased

I have held some individual TIPS in my IRAs. While I might live to their complete term, I wonder if I am complicating the lives of those that will inherit the IRAs should my death precede the maturity of the bond. I have multiple beneficiaries. If this is an issue would it be better to split the IRA...
by Carl53
Wed Jun 10, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Parents - Putting Home into Life Estate?
Replies: 18
Views: 2515

Re: Elderly Parents - Putting Home into Life Estate?

I added to this thread instead of starting a new one as it is one that had several relevant comments and I hoped that one or more of the original responders might jump in.
by Carl53
Wed Jun 10, 2015 5:17 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Parents - Putting Home into Life Estate?
Replies: 18
Views: 2515

Re: Elderly Parents - Putting Home into Life Estate?

Advantages according to the attorney: 1. Simplicity and Low Cost to Establish 2. Avoids Probate 3. Simplicity of Clearing title to Real Estate 4. Life Tenant's Right to Occupancy is Protected Regardless of Debts or Actions of Remainder Owners 5. Income Tax Advantage to Heirs upon Death of Life Tena...
by Carl53
Tue Jun 09, 2015 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: 401k with no matching
Replies: 13
Views: 1304

Re: 401k with no matching

What are the Expense Ratios on your fund options? If there are no good options, it may be questionable as to whether you ought to use it prior to getting the match. Once you get a match, depending on how good it is, it is likely that you should put enough in to at least get the entire match. Your re...
by Carl53
Mon Jun 08, 2015 8:24 pm
Forum: Personal Consumer Issues
Topic: Car dealer wants me to compensate for underpayment
Replies: 182
Views: 13950

Re: Car dealer wants me to compensate for underpayment

Just curious - why did you sign a contract to buy a car? Is that how it's done these days? My last car purchase (admittedly some years ago) I just went in, negotiated the price, and bought it. Preapproved with my credit union. No contract. You say no "contract - but you forget there had to be ...
by Carl53
Wed Jun 03, 2015 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategies
Replies: 43
Views: 4386

Re: Social Security Strategies

Check to see if your wife's PIA came with the assumption that she continue to work to 66. If so, her retiring at 62 may result in it actually being somewhat lower. If it is correct you would get half of that after withdrawing your application and filing a restricted application as a spouse or 678. S...
by Carl53
Mon May 25, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Divorced spouse filing for Social Security
Replies: 10
Views: 1925

Re: Divorced spouse filing for Social Security

I wonder if at 66 you might be able to choose to file for spousal benefits on your X assuming your current spouse is not yet collecting and a spousal on her record would not be better.
by Carl53
Wed May 20, 2015 8:29 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 13587

Re: How much does social security factor into your retirement income?

Early 60s now. If I was taking SS now it might be one third of our income. Instead we are leveraging it by delaying it until 70 except for a small spousal at 66. At 70 it will be about 50%. Prior to 70 we are drawing down taxable and converting TIRAs.
by Carl53
Wed May 20, 2015 8:14 am
Forum: Personal Consumer Issues
Topic: Rough cost to replace central A/C unit?
Replies: 9
Views: 1572

Re: Rough cost to replace central A/C unit?

Our a/c unit acted similarly over the weekend. Being the weekend I turned off the breaker for a few hours and then tried it again and the ac fired up ok. Repairman coming today. Am I wasting this repair call? Will the repairman be able to determine if the capacitor is bad or going bad since I got it...
by Carl53
Sun May 10, 2015 4:58 am
Forum: Personal Finance (Not Investing)
Topic: Less than 2 years from retirement, finalizing plan and hoping for input
Replies: 16
Views: 2962

Re: Less than 2 years from retirement, finalizing plan and hoping for input

As others have mentioned, when the second spouse achieves FRA have the higher earning spouse file and suspend and the lower earning spouse file a restricted application for spousal allowing their individual benefits to grow to the maximum. Tax rates should be 10/15/25 not 10/20/25. The 15% bracket t...
by Carl53
Wed May 06, 2015 5:40 pm
Forum: Personal Consumer Issues
Topic: Time Warner WIFI guest password possible?
Replies: 1
Views: 430

Time Warner WIFI guest password possible?

We are about to relocate to a temporary home for a year. New location offers time warner Internet 50/5 speeds. We have had DSL at less than 3/0.6 at our current location. We will likely rent the twc modem-router since we will not be there long term. I have not found any online reference verifying th...
by Carl53
Thu Apr 23, 2015 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Opening Online Savings Account with Credit Freeze
Replies: 10
Views: 1194

Re: Opening Online Savings Account with Credit Freeze

In 2013, when I called Ally about the new account reject email I was informed about the need to check credit. I told the agent I did not want to pay for three credit thaws. They had me do experian only.
by Carl53
Mon Apr 20, 2015 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you Roth conversion experts!
Replies: 3
Views: 529

Re: Question for you Roth conversion experts!

It very well may be that you have even lower income now between 62 and 65. Are you funding your expenses during that period out of already taxed savings? If so, you may be well below the top of the 15% bracket (74,900 taxable or 95,500 AGI for a couple taking the standard deduction). In this case an...

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