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Divorce and SS delay

Another ongoing thread talks about high earners and SS. http://www.bogleheads.org/forum/viewtopic.php?f=2&t=142366 Reading it lead me to think about a hypothetical SS situation that would not apply directly to my spouse and I. If a couple with similar earnings were divorced the required two year...
by Carl53
Sun Jul 06, 2014 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Divorce and SS delay
Replies: 6
Views: 618

Re: Auto Accident/Insurance/Repair Question

My son just the bad news that the insurance company is only offering about 2/3 of replacement cost for his recent 'totaled'. I looked at my policy and apparently they effectively can pay trade in value. Most policies are on an ACV (actual cash value) basis. Did the carrier at least do a market surv...
by Carl53
Sat Jul 05, 2014 8:34 pm
 
Forum: Personal Consumer Issues
Topic: Auto Accident/Insurance/Repair Question
Replies: 37
Views: 1902

Re: Auto Accident/Insurance/Repair Question

My son just the bad news that the insurance company is only offering about 2/3 of replacement cost for his recent 'totaled'. I looked at my policy and apparently they effectively can pay trade in value.
by Carl53
Sat Jul 05, 2014 7:36 am
 
Forum: Personal Consumer Issues
Topic: Auto Accident/Insurance/Repair Question
Replies: 37
Views: 1902

Re: Moving Money to V. Total Stock Market Index Fund

I would use TurboTax for 2014 in December to see how much to move. I would need to know the cost basis, so that I could figure out the long-term cap gains at that time. I would try to keep the taxes on any move close to zero. You can look up "tax-gain harvesting", too. You might have $300...
by Carl53
Mon Jun 30, 2014 4:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Moving Money to V. Total Stock Market Index Fund
Replies: 13
Views: 1505

Re: VISA Signature? MasterCard World

20% off movie tickets at Fandango with $25 gift cards for $20 at Fandango. Even factoring in Fandango fees, cheaper than paying the theater directly. Also have Buy 1 - Get 1 Free movie tickets on Friday. https://tickets.fandango.com/visasignature/ From their faqs page: https://a248.e.akamai.net/f/2...
by Carl53
Wed Jun 25, 2014 12:23 pm
 
Forum: Personal Consumer Issues
Topic: VISA Signature? MasterCard World
Replies: 8
Views: 957

Re: How much $$ to change jobs?

I forgot to add that I can't start a family unless I earn more income. I live with and am currently supporting my mum and two siblings and there isn't very much left over. Before a family I would need the extra money to move out and to ensure that I had enough to feed another mouth. So I'm in a lit...
by Carl53
Thu Jun 19, 2014 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: How much $$ to change jobs?
Replies: 52
Views: 4145

Re: Another water heater query - hybrid water heaters

Ground loop heat pumps have a range of hot water supply options. They all use desuperheaters but one that we had also would heat water as a primary load even during winter when the unit was otherwise heating the house. Many supply supplemental heat to the hot water tank but the one we had had its ow...
by Carl53
Thu Jun 19, 2014 6:00 am
 
Forum: Personal Consumer Issues
Topic: Another water heater query - hybrid water heaters
Replies: 36
Views: 3353

Re: Bringing Money to Australia - moving help!

My daughter has lived in Oz for about 4 years. I posed your question to her. Her response follows. Get a cc with no foreign transaction fees. This will help for the first few months while the wife is making purchases in Australia but paying for them from the US account. Within AU, the easiest way to...
by Carl53
Mon Jun 16, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bringing Money to Australia - moving help!
Replies: 14
Views: 626

Re: Will adding [air duct] returns cool the upstairs bedroom

At this point I'm thinking my best options are ceiling fans and possibly the inline duct fans. I know nothing about the inline duct fans though...can someone tell me how this works and if it's really effective? I don't think the duct fans are your solution but ceiling fans ought to provide relief. ...
by Carl53
Sat Jun 14, 2014 10:13 pm
 
Forum: Personal Consumer Issues
Topic: Will adding [air duct] returns cool the upstairs bedrooms?
Replies: 60
Views: 4869

Re: Will adding [air duct] returns cool the upstairs bedroom

At this point I'm thinking my best options are ceiling fans and possibly the inline duct fans. I know nothing about the inline duct fans though...can someone tell me how this works and if it's really effective? I don't think the duct fans are your solution but ceiling fans ought to provide relief. ...
by Carl53
Sat Jun 14, 2014 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Will adding [air duct] returns cool the upstairs bedrooms?
Replies: 60
Views: 4869

Re: 401K employer match. Do you have that?

Former long term employer matched first 2% at 100% and next 4% at 50% for 4% match total. We had a pension also. About 10 years ago they did away with the pension for new hires and tried to get those with future pension benefits to accept a freeze and go with a total of 7% match. It did not make sen...
by Carl53
Sun Jun 08, 2014 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K employer match. Do you have that?
Replies: 42
Views: 2275

Re: Future PenFed CD rates

Using the link provided by Sheepdog here is an interesting account of FenFed 4th quarter CD values; Total of all cd’s Quarter Amount 1 ...$5.8 billion 2 ...$5.7 billion 3 ...$5.6 billion 4....$6.5 billion (16% increase from 3rd qtr) Pentagon Federal CU Fourth Quarter Growth Jerry The 5300 report fo...
by Carl53
Thu Jun 05, 2014 6:34 pm
 
Forum: Investing - Theory, News & General
Topic: Future PenFed CD rates
Replies: 9
Views: 1490

Re: Credit card to pay mortgage

You have to pay a fee but charge smart appears to be one of the largest sites that lets you put bills on credit cards. https://www.chargesmart.com/ Would you provide the fee structure, as their website does not? I've been too cheap to use it. I had the same thought for airline miles and points but ...
by Carl53
Tue Jun 03, 2014 9:25 am
 
Forum: Personal Consumer Issues
Topic: Credit card to pay mortgage
Replies: 29
Views: 3279

Re: Credit card to pay mortgage

tecmage wrote:You have to pay a fee but charge smart appears to be one of the largest sites that lets you put bills on credit cards.

https://www.chargesmart.com/


Would you provide the fee structure, as their website does not?
by Carl53
Tue Jun 03, 2014 7:14 am
 
Forum: Personal Consumer Issues
Topic: Credit card to pay mortgage
Replies: 29
Views: 3279

Re: American Made Wind Up Alarm Clock

Thanks, I am currently using one that looks just like that; it is made in China. Of course I have a couple of Very early Little Ben Westclox but they are antique and don't work, despite repeated efforts to get them to work. I personally find it fascinating that we can send men to the Moon and beyon...
by Carl53
Sat May 31, 2014 9:55 pm
 
Forum: Personal Consumer Issues
Topic: American Made Wind Up Alarm Clock
Replies: 9
Views: 841

Re: American Made Wind Up Alarm Clock

Look to EBAY. Its where I buy many of my made in USA items that are otherwise unavailable. http://www.ebay.com/itm/Vintage-Westclox-Baby-Ben-Wind-Up-Alarm-Clock-Metal-Works-Great-99-NR-/321415432584?pt=LH_DefaultDomain_0&hash=item4ad5da4988 You have 22 hours for this auction to end and the clock...
by Carl53
Sat May 31, 2014 9:36 pm
 
Forum: Personal Consumer Issues
Topic: American Made Wind Up Alarm Clock
Replies: 9
Views: 841

Re: Maxed Roth, got a new job, may exceed AGI limit.

Are you already maxing your 401k or are you eligible to participate in an FSA? If not these may allow you to reduce your AGI.
by Carl53
Sat May 31, 2014 9:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Maxed Roth, got a new job, may exceed AGI limit.
Replies: 6
Views: 673

Re: Beginning Investor with Unique Situation

Don't overlook the retirements saver's credit if your income bumps up slightly. See IRS Form 8880 for details, but up to 50% of contributions to retirement accounts such as a Roth for each of you, up to $2000 in contributions could reduce your federal taxes. This is a nonrefundable credit, so as lon...
by Carl53
Tue May 27, 2014 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beginning Investor with Unique Situation
Replies: 39
Views: 2634

Re: Cash Advance on a credit card

Be sure you understand your cards rules before you use one in this fashion. We used a PenFed credit card successfully overseas for cash advances. PF has no foreign transaction fees and pretty good currency exchange rates. I found several banks that no extra fees on their end but others that did. So...
by Carl53
Sun May 11, 2014 5:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash Advance on a credit card
Replies: 21
Views: 1468

Re: Portfolio Comments/Recommendations

Ugly list of ERs. I'd probably just go with the lower cost 500 and midcap funds for now. One plus of changing jobs is that you could roll the 401k over to an IRA. My guess is that your plan will have a substantial charge(s) for doing that. If you decide to do that be sure to have a plan to convert i...
by Carl53
Sun May 11, 2014 5:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Comments/Recommendations
Replies: 5
Views: 789

Re: Obligations to help parents financially?

The stories I hear around town of parents who "suspend family financial reality just because it's college" surprise me. Though I have never run into anything to rival the OP's story. A good friend of mine who believes parents are not responsible for college costs is co-signing a ton of pr...
by Carl53
Sat May 10, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7025

Re: RETIRING May 31! Any advice .....?

I too will retire this month on May 23. Financially, I plan to do the same as you. Rollover my 401k to TIRA, Roth Conversion, etc. I do keep a To Do list of things I want to do after retired. Exercises, places I want to visit, volunteer works I interested to do, etc. I retired just before the end o...
by Carl53
Sat May 10, 2014 7:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: RETIRING May 31! Any advice .....?
Replies: 87
Views: 8630

Re: Cash Advance on a credit card

Be sure you understand your cards rules before you use one in this fashion. We used a PenFed credit card successfully overseas for cash advances. PF has no foreign transaction fees and pretty good currency exchange rates. I found several banks that no extra fees on their end but others that did. Som...
by Carl53
Sat May 10, 2014 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash Advance on a credit card
Replies: 21
Views: 1468

Re: Obligations to help parents financially?

I've got mixed feelings on this but when I read " They are insistent that we make the payments for the life of the loan, not for a short/fixed amount of time. The family dynamics are incredibly complicated and relationships are already strained. " I wonder if they do not want you paying ah...
by Carl53
Thu May 08, 2014 6:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7025

Re: RETIRING May 31! Any advice .....?

I too will retire this month on May 23. Financially, I plan to do the same as you. Rollover my 401k to TIRA, Roth Conversion, etc. I do keep a To Do list of things I want to do after retired. Exercises, places I want to visit, volunteer works I interested to do, etc. I retired just before the end o...
by Carl53
Tue May 06, 2014 5:33 am
 
Forum: Personal Finance (Not Investing)
Topic: RETIRING May 31! Any advice .....?
Replies: 87
Views: 8630

Re: Paying down high interest debt

Great job thus far. I would suggest looking into transferring your CC balance to a zero interest teaser rate CC. Penfed often offers them but I see currently they only offer one at 4.99% with a 3% upfront fee. Still this would be better than 14%. Once transferred, the new card should not be used for...
by Carl53
Sat May 03, 2014 6:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Paying down high interest debt
Replies: 6
Views: 735

Re: Roth conversion strategy

Take a look at the wiki link.
http://www.bogleheads.org/wiki/Taxation ... y_benefits

There may be some small benefit from paying 25% now as to 1.85X 15% (27.75%) later.
by Carl53
Thu May 01, 2014 6:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth conversion strategy
Replies: 24
Views: 1826

Re: [part time job effect on Social Sec. Disability benefits

Before you sign up for that position, be sure to question as to the terms of your employment. My sister-in-law worked part-time at a post office for a few years and recently quit. She was only paid a flat fee (so many hours per day) and found that she had to work through her lunch when the PO was cl...
by Carl53
Wed Apr 30, 2014 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: [part time job effect on Social Sec. Disability benefits]
Replies: 8
Views: 384

Re: A 22 year mess

You are both eligible as oldsters to contribute $23,000 a year to your 401(k) plans. I have definitely thought about that, livesoft, but the only way we could do that is if I decreased or eliminated our after tax contributions. I like having the extra as a bumper if something unexpected came up or ...
by Carl53
Tue Apr 29, 2014 6:11 am
 
Forum: Investing - Help with Personal Investments
Topic: A 22 year mess
Replies: 29
Views: 5400

Re: less you need social security, earlier you should claim

Im not sure one can even say that since what could happen is that going forward they pay those who took early even less to be "actuarially fair" to those who delayed or give those who delayed some sort of credit to "even the score". SS i believe is designed to be fair from an ac...
by Carl53
Sun Apr 13, 2014 5:05 pm
 
Forum: Investing - Theory, News & General
Topic: less you need social security, earlier you should claim
Replies: 39
Views: 3384

Re: If Social Security wasn't mandatory, would you contribut

It's going to depend upon your level of earnings. If you make less than what is required for the first bend point, I suspect your return would be fantastic. Also to consider is whether or not you would get the benefit of the portion that your employer contributed unless you were self employed.
by Carl53
Sun Apr 13, 2014 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: If Social Security wasn't mandatory, would you contribute?
Replies: 9
Views: 806

Re: Savers credit question

The $1000 potential credit is a bit of a come on. Keeping your income below the 17750, means your taxes would be at most be $775 I believe. So once you place $1550 in a retirement account, you have maxed your tax credit. Of course if your income is somewhat above $17750, you can gain a larger savers...
by Carl53
Sun Apr 13, 2014 7:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Savers credit question
Replies: 3
Views: 565

Re: I accidentally discovered a coworkers salary... now what

Decades ago, I came across a 1022 file that had virtually all employee data in it. Kept my mouth shut. It was there for better than five years. Quite enlightening!
by Carl53
Fri Apr 04, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 5943

Re: Lump Sum vs Annuity: A New Question?

A number of recent threads have asked about lump sum vs pension. Generally it seems better to take the pension. In your case, if there is any thought that the pension fund might be underfunded or has any chance of getting flipped to the PBGC in the next 20 years, you might want to take the lump sum ...
by Carl53
Thu Apr 03, 2014 6:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum vs Annuity: A New Question?
Replies: 63
Views: 4557

Re: Death of co-worker

I had a coworker that had a severe stroke, age 54, just a few months before he was going to retire. He had started with the company a few months later than I had. It made me reflect on my situation. Did I really need another million in assets that working another 10 years might bring? Hadn't we talk...
by Carl53
Wed Apr 02, 2014 6:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 10038

Re: How much should we put in our 2013 Roths?

Lowering your income in 2013 via TIRA and then converting in 2014 might be advantageous if your income otherwise is very low so as to take advantage of the Retirement Savings Credit. AlanS indicates that conversions of TIRAs should be OK. See this thread. http://www.bogleheads.org/forum/viewtopic.ph...
by Carl53
Sun Mar 30, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much should we put in our 2013 Roths?
Replies: 15
Views: 1628

Roth Conversion Question regarding Retirement Savings Credit

A recent thread centered around Retirement Savings Credits, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=136038 Publication 590 lists a number of items that should be excluded from the determination. Reducing eligible contributions. Reduce your eligible contributions (but not below zero) ...
by Carl53
Sun Mar 30, 2014 9:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Question regarding Retirement Savings Credit
Replies: 5
Views: 405

Re: Lump sum vs addtl payments on Student Loans for my situa

You apparently are already saving $600/month outside of your retirement funds. Take your Harley money and your taxable e savings and knock out your 8% loan. You then can bump up your savings to $1000/month. You might delay a bit on the ring if your are going to live at home until your are married, a...
by Carl53
Sat Mar 29, 2014 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump sum vs addtl payments on Student Loans for my situation
Replies: 2
Views: 255

Re: Bogleheads 2014 Hedge fund contest

This contest shows the heartbreak of stock picking. Check out the last place entry by Dr. Monkey CureAll Dart Health Fund (paper200). Currently they have a -79.2% return. But if only they had chosen one of their shorts to be a winner instead. ICPT is up 365%. Swapping this for their poorer performin...
by Carl53
Sat Mar 29, 2014 1:57 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 153
Views: 12378

Re: Widow's Social Security Benefits

One or more of the numbers does not seem right to me. Each month past her FRA should gain 2/3%. So, 46 months should be 1.3067 X her PIA. If the PIA is 1668, then age 70 should have been about 2179 depending on how the rounding is done.
by Carl53
Fri Mar 28, 2014 2:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Widow's Social Security Benefits
Replies: 22
Views: 1544

Re: How much should we put in our 2013 Roths?

I'm not quite clear on the rules as to whether you could convert some of your TIRA in 2014 while at a very low tax rate. If your income remains very low you might have head room to convert some and stay below the number for 2014, somewhat higher than 35500. Be sure to understand the rules to make su...
by Carl53
Thu Mar 27, 2014 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much should we put in our 2013 Roths?
Replies: 15
Views: 1628

Re: Gardening - asparagus in particular

We've had a patch for perhaps 15 years. I'll take cut the dead tops off when I see the first new growth in the spring. Most years I have not fertilized, just harvested typically 80% of new stalks. Seems that a 2X5 patch always generates more than we can eat and we end up freezing some. I suspect it ...
by Carl53
Thu Mar 27, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Gardening - asparagus in particular
Replies: 25
Views: 2133

Re: How much should we put in our 2013 Roths?

Your spouse can put $2434 into a Traditional IRA instead; this both reduces your AGI (moving you into the lower-income category) and qualifies you for the higher tier of the credit. OP, this solution may fit you better than the one I offered. This will get you to the $35500 target and allow you a 5...
by Carl53
Wed Mar 26, 2014 10:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much should we put in our 2013 Roths?
Replies: 15
Views: 1628

Re: How much should we put in our 2013 Roths?

(who, for some reason, everyone is assuming is female) I thought I had avoided this assumption, but no, I see I slipped up once. Our combined income in 2013 was exactly $37,932.52, so we'd have to put just over $2400 into a TIRA to get our income below the $35,500 threshold, though I'm not clear on...
by Carl53
Wed Mar 26, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much should we put in our 2013 Roths?
Replies: 15
Views: 1628

Re: Property Taxes - Doubling Up

I have been looking into "bunching" for the last few years since I retired (early) about 5 years ago. The main tool I have to do this is the timing of my 4th quarter estimated state income tax payment. It is due Jan 15 but if I pay it in December I can "bunch" an extra payment i...
by Carl53
Wed Mar 26, 2014 5:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Property Taxes - Doubling Up
Replies: 20
Views: 1390

Re: How much should we put in our 2013 Roths?

Sounds like you are talking about using the Retirement Savings Credit. If you were a full time student in 2013, you are ineligible. http://www.irs.gov/publications/p590/ch04.html You are not a full-time student (explained next). Full-time student. You are a full-time student if, during some part of ...
by Carl53
Wed Mar 26, 2014 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much should we put in our 2013 Roths?
Replies: 15
Views: 1628

Re: Buy Term Life Now or Wait

You are probably too late to get your policy prior to your birthday. Sounds like that you have been playing with the online term insurance websites. The two times I bought term insurance, it took several months for the policy to be finalized. The policy was dated considerably later than the date I a...
by Carl53
Wed Mar 26, 2014 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy Term Life Now or Wait
Replies: 17
Views: 1267

Re: Multiple Pensions - PBGC Question

What was the scheduled reduction at age 62 for? I can guess 2 reasons off the top of my head: (1) you elected a "social security level income option". This is an adjustment to your regular pension such that it coordinates with your earliest SS age. The plan made the benefit larger for the...
by Carl53
Wed Mar 26, 2014 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Pensions - PBGC Question
Replies: 5
Views: 634

Re: Multiple Pensions - PBGC Question

Have you checked to see whether your pensions are large enough to be reduced if they are taken over by the PBGC and combined? Don't borrow trouble if you don't have to. As of now, one of the two would be over the current limit for my age and of course the combined ones would be. Once I turn 62, the...
by Carl53
Sun Mar 23, 2014 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Multiple Pensions - PBGC Question
Replies: 5
Views: 634

Re: Need advice! Retirement Plan offers Lump-Sum Payout

Now, why on earth would the company offer you a lump sum if the pension/annuity is cheaper for them? In other words, unless it is a bad deal for you? One reason could be that it might be better for a group of top management that otherwise might lose out if it got turned over to PBGC. They would be ...
by Carl53
Sun Mar 23, 2014 9:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice! Retirement Plan offers Lump-Sum Payout
Replies: 31
Views: 2450
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