Search found 994 matches

by Carl53
Sat Jul 04, 2015 7:53 am
Forum: Personal Consumer Issues
Topic: Replacing broken furniture drawer hardware.
Replies: 11
Views: 680

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: 47
Views: 3689

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: 7259

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: 7259

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: 416

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: 2402

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: 2402

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: 1200

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: 12839

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: 4105

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: 1824

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: 12617

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: 1498

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: 2842

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: 349

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: 1089

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: 494

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...
by Carl53
Sun Apr 19, 2015 7:57 am
Forum: Investing - Help with Personal Investments
Topic: ROTH conversion and RMD
Replies: 3
Views: 362

Re: ROTH conversion and RMD

Sorry, but no on Q1.

Conversion 5 year rules only apply prior to 59.5.
by Carl53
Sat Apr 18, 2015 10:10 am
Forum: Investing - Help with Personal Investments
Topic: long term capital gain tax vs. roth conversions
Replies: 41
Views: 2633

Re: long term capital gain tax vs. roth conversions

Tough call. Reducing your conversion by about 10k ought to make the capital gains and qualified dividends tax free. As Penquin points out you likely will have some SS to take at age 66 plus a couple months. You will have to look at those years more closely, but I suspect that you will want to take t...
by Carl53
Sat Apr 11, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS for tIRA conversions
Replies: 13
Views: 1628

Re: Delaying SS for tIRA conversions

Carl53, your memory is way better than mine! I can only wish that was the case. While your information seemed a little bit familiar, I did not realize I had previously commented on it until I did a search of my previous posts when looking for the Bigfoot and graphic links. I did get the estimates f...
by Carl53
Sat Apr 11, 2015 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Couple of Term Life Questions
Replies: 5
Views: 479

Re: Couple of Term Life Questions

I'd go with option 1. You can add insurance should you have children. Yes it will be more expensive later. Talk to each other. Think about whether your widowed spouse might likely remarry. You both work and presumably are saving towards retirement and are few years from being debt free. There is not...
by Carl53
Sat Apr 11, 2015 8:57 am
Forum: Personal Finance (Not Investing)
Topic: When to Retire?
Replies: 35
Views: 3533

Re: When to Retire?

Looks like you can live off of dividends and interest payments without touching principle. Since you have to wait till 59.5 to withdraw from tax advantaged accounts, you might want to work till then at least. Have you saved for college? OP does not need to wait until 59.5 if he uses one of two exce...
by Carl53
Sat Apr 11, 2015 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Delaying SS for tIRA conversions
Replies: 13
Views: 1628

Re: Delaying SS for tIRA conversions

Did you get your SS estimates from the mySS website? As you apparently noticed it assumes that you will continue working until retirement. If you download the AnyPIA calculator from the SS website you can manually enter earnings history and future earnings to obtain an estimate that would reflect no...
by Carl53
Wed Apr 08, 2015 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Should We Start Taking Social Security Out?
Replies: 10
Views: 1087

Re: Should We Start Taking Social Security Out?

You could file and suspend your benefits. This would allow your wife to obtain spousal benefits on your basis assuming they were larger than the benefits on her earnings. Her benefits would be permanently reduced. By file/suspending your benefits, you could allow yours to continue to grow until age ...
by Carl53
Wed Apr 01, 2015 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Freeze and NEW Credit Cards
Replies: 12
Views: 1019

Re: Credit Freeze and NEW Credit Cards

I had to pay $5 for a temporary unfreeze last fall for the Barclays Sallie Mae card. Got the initial denial letter. When I called they told me that they were using Transunion. I did the unfreeze thing, then notified SM. I soon got an email that I was approved.
by Carl53
Mon Mar 30, 2015 6:49 am
Forum: Personal Finance (Not Investing)
Topic: A Social Security question
Replies: 10
Views: 1497

Re: A Social Security question

She is not remarried, but she made considerably less than her late husband, especially when she cared for him while he had cancer. Her late husband would be 69 if he had survived and she is almost 59. She doesn’t want to start her own Social Security at age 62 if she retires early, because the amou...
by Carl53
Tue Mar 24, 2015 4:40 am
Forum: Investing - Help with Personal Investments
Topic: IRAs
Replies: 4
Views: 670

Re: IRAs

No 10% penalty, however your current custodian is likely to hit you with fees. When my employer had a poor investment choice simple IRA, I only contributed the minimum to get the match. When I sought to transfer it out I received some flak from the employer and ended up leaving it in. After a couple...
by Carl53
Mon Mar 23, 2015 5:55 pm
Forum: Personal Consumer Issues
Topic: Fish from Costco?
Replies: 44
Views: 6624

Re: Fish from Costco?

Are any of their fresh or frozen fish selections not from China?
by Carl53
Sun Mar 22, 2015 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Old 401k provider overpaid my match, need tax help
Replies: 1
Views: 319

Re: Old 401k provider overpaid my match, need tax help

Not sure what you should do now, but I'd have been inclined to ignore the letter. This will cause you more than $250 worth of headaches. I had an instance a few years ago when I received a modest overpayment on my match in one pay period. I brought it to the employer's attention. I just raised the i...
by Carl53
Sun Mar 15, 2015 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Yet Another Roth/Trad 401K Thread
Replies: 15
Views: 1535

Re: Yet Another Roth/Trad 401K Thread

You mention leaving something for heirs. In your case they may not be in as high as tax bracket as you. This would favor traditional. Also, should you ultimately decide to donate some of your accumulated wealth, having it in traditional would be better as you would not have paid the tax on it yet an...
by Carl53
Sun Mar 15, 2015 4:08 am
Forum: Investing - Help with Personal Investments
Topic: 27 yr old Starting from $0, Paid off CC
Replies: 27
Views: 3259

Re: 27 yr old Starting from $0, Paid off CC

You should definitely contribute to the 401k at least as much as is required to get the entire employer match but might go higher. You have 3 acceptable low ER stock fund options. Split up your contributions between them. Consider contributing $5500 to a Roth IRA with VG or Fidelity, as your tax rat...
by Carl53
Sat Mar 14, 2015 6:32 am
Forum: Personal Consumer Issues
Topic: Cleaning my back yard?
Replies: 41
Views: 5779

Re: Cleaning my back yard?

Be careful that the pressure washer spray not be directed towards your wood decking. You will not like the results.
by Carl53
Sat Mar 14, 2015 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 244
Views: 28469

Re: Kotlikoff: When Should you Take Social Security?

I scanned through this thread and did not find much information about the OP's personal situation except that he is almost 65 with his wife about three years younger. Our age situation will not be a lot different and with a spouse that had low earnings that her taking at 62 and me restricting mine t...
by Carl53
Sat Mar 14, 2015 4:25 am
Forum: Investing - Help with Personal Investments
Topic: 25YO Newlyweds -- Too Much Cash?
Replies: 10
Views: 1904

Re: 25YO Newlyweds -- Too Much Cash?

You have a great start. 1. We are sitting on $70k in our savings accounts. Should we pursue a taxable account since we are so heavy cash? My thought would be to leave the cash for now but possibly max out her 401k to limit the cash inflow, boost retirement savings, and lessen our tax burden Your nee...
by Carl53
Thu Mar 12, 2015 3:45 am
Forum: Investing - Help with Personal Investments
Topic: 401K - Hitting Contribution Limit w/o Equivalent Salary
Replies: 6
Views: 984

Re: 401K - Hitting Contribution Limit w/o Equivalent Salary

Wouldn't making the after tax employee contributions into the 401K defeat the purpose of the tax advantage? Some of the folks on this forum use the after tax 401k contribution to accrue funds that can be converted to Roths (either 401k if available or IRA). This is more useful if they are otherwise...
by Carl53
Mon Mar 09, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 13796

Re: When will / did you claim Social Security benefits?

I plan for 70, but will take spousal at 66, FRA, with my spouse taking at 62.
by Carl53
Mon Mar 09, 2015 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Understanding Roth conversions and question
Replies: 16
Views: 603

Re: Understanding Roth conversions and question

You may also owe state taxes on your conversion. Your federal standard deduction and exemptions for 2015 total $20600, $23100 if you both are over 65. Conversions of TIRA with no basis ought to be considered up to the top of a bracket of your choosing. $20600 would be the top of the 0% bracket. The ...
by Carl53
Sun Mar 08, 2015 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pension vs. Lump
Replies: 58
Views: 3716

Re: Pension vs. Lump

We plan on waiting as long as possible before we take social security which would be age 70 for both of us since we really don't need the money and expect to live long. That would add a considerable amt to our income and we would probably never need to touch our savings at all if we took the pensio...
by Carl53
Fri Mar 06, 2015 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up online Social Security account
Replies: 1
Views: 363

Re: Setting up online Social Security account

For how many days does one have to lift an Experian security freeze to set up an online Social Security account? Also, can an online account be set up while visiting a local social security office if one does not want to lift the freeze? Thank you. You are supposed to be able to do it at the local ...
by Carl53
Thu Feb 19, 2015 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: $25 cash back for returning TurboTax Deluxe CD/download cus
Replies: 5
Views: 616

Re: $25 cash back for returning TurboTax Deluxe CD/download

Do folks that purchased through Vanguard qualify? I ended up purchasing the $9.99 premier download via Vanguard rather than the Deluxe download which had been free. Also, can the link shared by VA be gotten to from the official turbotax or intuit websites? Not to be paranoid, but they start you off ...
by Carl53
Thu Feb 19, 2015 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - collecting portion of husband's
Replies: 11
Views: 973

Re: Social Security - collecting portion of husband's

My wife is older than I am and started to receive SS at 62. I filed a restricted application at my FRA and received 1/2 of her FRA benefit, not 1/2 of her reduced benefit, until I was 70. Her FRA benefit was just a little more than 1/2 of my FRA benefit so file and suspend was not necessary. At 70 ...
by Carl53
Wed Feb 18, 2015 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Ironic Downside to Retirement Planning
Replies: 17
Views: 3071

Re: Ironic Downside to Retirement Planning

Early in married life we talked about being able to retire by 55. While I occasionally looked at our assets/income ratio over the years I seldom focused on how many more years it might actually be. Life happened, kids, college expenses, medical conditions that prevented my spouse from performing reg...
by Carl53
Wed Feb 18, 2015 6:02 am
Forum: Personal Consumer Issues
Topic: Has anyone restored windows?
Replies: 25
Views: 2200

Re: Has anyone restored windows?

Thank you all! You have definitely confirmed some of my suspicions that they are worth saving- or at least investigating. Also, these windows pre-date those with weights and pulleys. There is no hardware on these at all, one reason I think they've lasted so long- they are so simple. If they get sti...
by Carl53
Mon Feb 16, 2015 4:57 am
Forum: Investing - Help with Personal Investments
Topic: Where would YOU place 50k for intermediate term savings?
Replies: 24
Views: 2572

Re: Where would YOU place 50k for intermediate term savings?

A year plus ago when I was looking at a similar situation I went with seven 10k 5 year CDs expecting that there was a high likelihood that an uncertain number of them would need to be redeemed early. Glad I did given today's rates. PenFed had the 3% CDs at the time with one year EWP. I did purchase ...
by Carl53
Sat Feb 14, 2015 7:12 am
Forum: Personal Finance (Not Investing)
Topic: freeze kids' accounts with the 3 bureaus?
Replies: 9
Views: 1189

Re: freeze kids' accounts with the 3 bureaus?

Sounds like a good idea to me.
by Carl53
Sat Feb 14, 2015 7:09 am
Forum: Investing - Help with Personal Investments
Topic: New Roth 401(k) available from employer - should I switch?
Replies: 15
Views: 1052

Re: New Roth 401(k) available from employer - should I switc

We're currently in the upper-middle of the 15% bracket. Given the average salary of an experienced electrical engineer in my industry and location, it's safe to say we'll be in the 25% bracket within the next 10 years. If I convert the traditional 401(k) into a roth, I'd have to pay taxes on that n...
by Carl53
Thu Feb 12, 2015 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 25
Views: 2053

Re: Attempting to increase retirement contributions by 5%.

Thank you guys all for the advice. I am going to take the following actions: 1. Drop my personal cell phone and use the work full time - $100 savings 2. Drop cable - $50 savings 3. Cut Travel to $50/month for the time being - $100 savings 4. Cut electronics - $50 savings 5. Cut durable goods - $60 ...
by Carl53
Mon Feb 09, 2015 9:10 pm
Forum: Personal Consumer Issues
Topic: What has been your experience with IP-PIN?
Replies: 2
Views: 428

Re: What has been your experience with IP-PIN?

bump 1: Any BH with experience with this?
by Carl53
Mon Feb 09, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax calculation for recharacterization of Roth conversion
Replies: 31
Views: 2591

Re: Tax calculation for recharacterization of Roth conversio

My problem with several recharacterizations in December ( https://www.bogleheads.org/forum/viewtopic.php?f=2&t=153605 ) was in part due to market fluctuations and using the day prior close of business values. Additional complications were related to prorated dividend payments and the timing of d...
by Carl53
Mon Feb 09, 2015 9:52 am
Forum: Personal Consumer Issues
Topic: Health Insurer, Anthem, Hacked
Replies: 100
Views: 9593

Re: Health Insurer, Anthem, Hacked

Ugghhh...so annoying. I attempted to freeze my credit with Equifax yesterday and got the "your request could not be processed" error as well...and of course my credit card was charged. Now I'm just praying my credit isn't truly frozen. Dreading trying to get this sorted out with them. We ...

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