Search found 3527 matches

Return to advanced search

Re: Who should pay for this meal?

may ... And at that age, most teenagers don't want to tag along with mom & dad which makes the entire affair a bit strange. Probably true in most American families, but there may still be some tightly bound family units that include teens in all the activities. Maybe more true in other cultures....
by cheese_breath
Mon Dec 22, 2014 1:55 pm
 
Forum: Personal Consumer Issues
Topic: Who should pay for this meal?
Replies: 65
Views: 3741

Re: How would 84 year old lady manage $400,000 from house so

Well, first of all have you considered possible taxes on gains from the sale of her home? Assuming she is unmarried and this has been her primary residence for two out of the last five years the first $250K gain is exempt from taxes. Anything above that is taxable. If she was married and owned the ...
by cheese_breath
Mon Dec 22, 2014 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: How would 84 year old lady manage $400,000 from house sold
Replies: 21
Views: 1421

Re: Poll: How important is rebalancing?

Going on the premise rebalancing is to reduce risk, I would think its importance increases the closer one gets to retirement.
by cheese_breath
Mon Dec 22, 2014 9:36 am
 
Forum: Investing - Theory, News & General
Topic: Poll: How important is rebalancing?
Replies: 21
Views: 752

Re: How would 84 year old lady manage $400,000 from house so

Well, first of all have you considered possible taxes on gains from the sale of her home? Assuming she is unmarried and this has been her primary residence for two out of the last five years the first $250K gain is exempt from taxes. Anything above that is taxable. If she was married and owned the ...
by cheese_breath
Mon Dec 22, 2014 9:14 am
 
Forum: Investing - Help with Personal Investments
Topic: How would 84 year old lady manage $400,000 from house sold
Replies: 21
Views: 1421

Re: Alternative to reverse mortgage for aging mother's new h

I am no reverse mortgage expert, but isn't the home equity decreasing with time as she receives these "payments? It all depends on location, location, location. The payments will eat into the equity, but if she is in an area of rapidly increasing home prices this could counteract that. In most...
by cheese_breath
Mon Dec 22, 2014 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Alternative to reverse mortgage for aging mother's new home
Replies: 15
Views: 1173

Re: How would 84 year old lady manage $400,000 from house so

Swampy wrote:...Realistically, what is the life expectancy? She has already surpassed the expected US female life expectancy....

But if she's just getting to the point at 84 where she can't take care of her home anymore it's possible she might just be one of the few who lives for a century.
by cheese_breath
Mon Dec 22, 2014 8:28 am
 
Forum: Investing - Help with Personal Investments
Topic: How would 84 year old lady manage $400,000 from house sold
Replies: 21
Views: 1421

Re: How would 84 year old lady manage $400,000 from house so

Well, first of all have you considered possible taxes on gains from the sale of her home? Assuming she is unmarried and this has been her primary residence for two out of the last five years the first $250K gain is exempt from taxes. Anything above that is taxable. I don’t see any considerations for...
by cheese_breath
Sun Dec 21, 2014 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: How would 84 year old lady manage $400,000 from house sold
Replies: 21
Views: 1421

Re: Who should pay for this meal?

Ask for separate checks. You pay for yours, they pay for theirs.
by cheese_breath
Sun Dec 21, 2014 7:47 pm
 
Forum: Personal Consumer Issues
Topic: Who should pay for this meal?
Replies: 65
Views: 3741

Re: What to do if someone is using your home address?

Write "Not at this address" on it, and drop it in the mail box.
by cheese_breath
Sat Dec 20, 2014 8:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do if someone is using your home address?
Replies: 25
Views: 2650

Re: How do you define "being rich"?

For me, not having to labor for pay to adequately meet one's needs and wants cover's the rich definition nicely. If one's wants are greater than one's means, then one should not consider oneself rich ( although others may do so ). In other words, to be( feel ) truly rich one must at a minimum be sa...
by cheese_breath
Sat Dec 20, 2014 8:29 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 119
Views: 6923

Re: What "actively" manged funds do you own?

Vanguard GNMA with Vanguard, it appears to be about 3% of portfolio or so. TIAA traditional annuity about 3% of portfolio or so. TIAA Real Estate Account, about 7% of portfolio The Vanguard Portfolio Watch tool gives a breakdown of this under the My accounts » Portfolio Watch » Costs, taxes & m...
by cheese_breath
Sat Dec 20, 2014 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: What "actively" managed funds do you own?
Replies: 77
Views: 3732

Re: Alternative to reverse mortgage for aging mother's new h

Whoa! Aging mother is 73? That's not aging. She's in her prime.

ps: I'll be 74 next month.
by cheese_breath
Sat Dec 20, 2014 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Alternative to reverse mortgage for aging mother's new home
Replies: 15
Views: 1173

Re: How do you define "being rich"?

VictoriaF wrote:
cheese_breath wrote:Rich is like pornography. You can't define it, but you'll know it when you see it.


That makes the Bogleheads a red-light district.

Victoria

So all the yield discussions are naughty?
by cheese_breath
Sat Dec 20, 2014 5:38 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 119
Views: 6923

Re: Alternative to reverse mortgage for aging mother's new h

I think her reverse mortgage is set up to make her house payment for her...not sure...and she's not able to fully explain the reverse mortgage to me. We expect she will get $30 to $40k out of her modest house when she sells it.... There is no house payment on a reverse mortgage except when she sell...
by cheese_breath
Sat Dec 20, 2014 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Alternative to reverse mortgage for aging mother's new home
Replies: 15
Views: 1173

Re: How do you define "being rich"?

Rich is like pornography. You can't define it, but you'll know it when you see it.
by cheese_breath
Sat Dec 20, 2014 4:57 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 119
Views: 6923

Re: How do you define "being rich"?

More than I have...
by cheese_breath
Sat Dec 20, 2014 11:29 am
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 119
Views: 6923

Re: Stop contributing to 401k to pay off CC

Erwin007 wrote:Yes.

Nothing else to say.

Something else to say... Once you get the CC paid off, cut it up and get back into the 401K.
by cheese_breath
Sat Dec 20, 2014 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Stop contributing to 401k to pay off CC
Replies: 21
Views: 1169

Re: Charitable Contribution from IRA

pshonore: I don't think you can have check writing privileges on an IRA account. Maybe someone else will comment more authoritatively........Gordon I'm surprised too, but apparently you can. See below from Vanguard and TD Ameritrade. I would guess others too. https://personal.vanguard.com/us/whatwe...
by cheese_breath
Fri Dec 19, 2014 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 39
Views: 1372

Re: Charitable Contribution from IRA

placeholder wrote:
cheese_breath wrote:Thanks guys. Too late for me this year, but at least I'll know better in 2105.

An optimist!

Never can plan too far ahead. :wink:
by cheese_breath
Fri Dec 19, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 39
Views: 1372

Re: Charitable Contribution from IRA

We may also do as last year and wait to have checks made out at the end of December for some of the charities we planned to give to in the next year, since we don't know if QCD will be available next year. This also lowers the RMD for next year. So let's say I give $100 per month to some charity. C...
by cheese_breath
Fri Dec 19, 2014 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 39
Views: 1372

Re: Charitable Contribution from IRA

We may also do as last year and wait to have checks made out at the end of December for some of the charities we planned to give to in the next year, since we don't know if QCD will be available next year. This also lowers the RMD for next year. So let's say I give $100 per month to some charity. C...
by cheese_breath
Fri Dec 19, 2014 10:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 39
Views: 1372

Re: Charitable Contribution from IRA

Thanks guys. Too late for me this year, but at least I'll know better in 2105.
by cheese_breath
Fri Dec 19, 2014 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 39
Views: 1372

Re: Charitable Contribution from IRA

AFAIK, the one year tax extension bill passed the House and Senate and is now waiting on the President's signature. That would extend QCD for 2014 only.... And it's not retroactive so any contributions you made before the passage don't count. That's absolutely false. The extender applies to QCDs ma...
by cheese_breath
Fri Dec 19, 2014 9:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 39
Views: 1372

Re: Real Estate property vs index funds for kids

Real estate also has the disadvantage of being a tangible asset. Something that requires you pay taxes and insurance on every year, and something the kids may have problems unloading if they don't want to live in it or can't because their first job is in another city. A couple houses are a lot less ...
by cheese_breath
Thu Dec 18, 2014 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Real Estate property vs index funds for kids
Replies: 10
Views: 983

Re: Charitable Contribution from IRA

BL wrote:AFAIK, the one year tax extension bill passed the House and Senate and is now waiting on the President's signature. That would extend QCD for 2014 only....

And it's not retroactive so any contributions you made before the passage don't count.
by cheese_breath
Wed Dec 17, 2014 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Charitable Contribution from IRA
Replies: 39
Views: 1372

Re: Comcast Performance 25 Mbps vs Blast 105 MBps

Unless you intend to do some real intensive online gaming the 25 mbps is more than adequate. That's what I have. Often my wife will be streaming a movie while I'm streaming a sporting event at the same time without any problems.
by cheese_breath
Wed Dec 17, 2014 5:40 pm
 
Forum: Personal Consumer Issues
Topic: Comcast Performance 25 Mbps vs Blast 105 MBps
Replies: 17
Views: 1989

Re: What's your withdrawal rate for 2014?

This could be very misleading if I am still working and answer 0% or negative if you are still saving. Or retired and pensions and SS covered yearly expenses. My point is that my guess is that most people here are still working. Let's say they are making $100000 and are withdrawing anything, is tha...
by cheese_breath
Wed Dec 17, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your withdrawal rate for 2014?
Replies: 26
Views: 2627

Re: What's your withdrawal rate for 2014?

Sidney wrote:
tennisplyr wrote:This could be very misleading if I am still working and answer 0%

or negative if you are still saving.

Or retired and pensions and SS covered yearly expenses.
by cheese_breath
Wed Dec 17, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your withdrawal rate for 2014?
Replies: 26
Views: 2627

Re: Gift to Yourself

Boonedog wrote:
cheese_breath wrote:
Boonedog wrote:Remington 12 Gauge Model 870 Express for Home and Bear defense.

What kind of wimpy bear needs a shot gun to defend himself? :twisted:


The Bears are wimpy round these parts so thats why I reserve the right to Arm Bears. :D

Good one. :thumbsup
by cheese_breath
Tue Dec 16, 2014 9:57 pm
 
Forum: Personal Consumer Issues
Topic: Gift to Yourself
Replies: 36
Views: 4374

Re: ROTH Conversion and RMD Sequence

vineman93 wrote:I do not know why it would matter as long as the required RMD was done before the end of the year but logic does not always apply to the IRS rules.

You got it! :D
by cheese_breath
Tue Dec 16, 2014 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion and RMD Sequence
Replies: 4
Views: 514

Re: Over witholding in Roth Conversion

There are two basic ways to do a Traditional IRA to Roth IRA Conversion. You can pay the taxes from the TIRA which results in a smaller balance transferring to the Roth IRA. The second option is to pay the conversion taxes from separate taxable assets. In this case all assets transfer from the TIRA...
by cheese_breath
Tue Dec 16, 2014 12:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Over witholding in Roth Conversion
Replies: 14
Views: 683

Re: Should I buy house with a crack?

Thank you for the replies. I think we will look for another home. This home has a great view and is in an excellent location, but I also "am chicken" as Calm Man mentioned above. So best not to spend my life worrying all the time about the foundation. Thanks! It's a very risk-averse crowd...
by cheese_breath
Tue Dec 16, 2014 12:43 am
 
Forum: Personal Consumer Issues
Topic: Should I buy house with a crack?
Replies: 29
Views: 3211

Re: Over witholding in Roth Conversion

What is your age? If < 59.5 years old, won't you get penalized for the amount withdrawn from TIRA but not converted to Roth.....in your case, the amount withheld at 10% penalty. That means in your initial example, even the $1,800 you do owe would incur the extra 10% penalty if you're less than 59 1...
by cheese_breath
Tue Dec 16, 2014 12:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Over witholding in Roth Conversion
Replies: 14
Views: 683

Re: Over witholding in Roth Conversion

I can't think of any situation where the government would penalize you for loaning it your money interest free.
by cheese_breath
Mon Dec 15, 2014 11:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Over witholding in Roth Conversion
Replies: 14
Views: 683

Re: Roth IRA Clarification

Have you seen this yet?

viewtopic.php?f=2&t=153033
by cheese_breath
Mon Dec 15, 2014 10:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Clarification
Replies: 6
Views: 592

Re: Helping out family members

flyingaway wrote:...If I were you, I would need to know what caused their financial problem(s)....

Me too. I'd be a lot more sympathetic if it was something beyond their control than if they had mismanaged or squandered their money.
by cheese_breath
Mon Dec 15, 2014 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping out family members
Replies: 64
Views: 4450

Re: Gift to Yourself

Boonedog wrote:Remington 12 Gauge Model 870 Express for Home and Bear defense.

What kind of wimpy bear needs a shot gun to defend himself? :twisted:
by cheese_breath
Mon Dec 15, 2014 8:10 pm
 
Forum: Personal Consumer Issues
Topic: Gift to Yourself
Replies: 36
Views: 4374

Re: Dealer Regular Sched. Maintenance Question

For the most part just make sure fluids (oil, transmission, anti-freeze) are changed regularly and wait until anything else needs it. For example you should be able to tell on your own if brakes need looking-at or tires need replacement. If it ain't broke don't fix it.
by cheese_breath
Mon Dec 15, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: Dealer Regular Sched. Maintenance Question
Replies: 15
Views: 788

Re: Are all computer printers now wireless?

Thanks everyone. I now see that what I thought was the ethernet port is really the USB port. This model only has USB port, not ethernet, and I was confused because it is square. The big problem is that they don't send an instruction manual any more, and I could not find the online manual. I feel ki...
by cheese_breath
Mon Dec 15, 2014 10:22 am
 
Forum: Personal Consumer Issues
Topic: Are all computer printers now wireless?
Replies: 33
Views: 2038

Re: Roth conversion tax question

There are two different 5 year rules. See this: https://www.kitces.com/blog/understanding-the-two-5-year-rules-for-roth-ira-contributions-and-conversions/ Of particular note is, "Thus, for those who are already over age 59 1/2 (or totally disabled), the Roth conversion 5-year rule is essential...
by cheese_breath
Mon Dec 15, 2014 12:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth conversion tax question
Replies: 23
Views: 1269

Re: Humidifiers?

Sinuses are one thing, but how's your furniture doing? Might want to check. We had a dining room table surface crack after a few winters of low humidity. We decided it was cheaper to install a whole house humidifier than risk cracking it's replacement and possibly other furniture too.
by cheese_breath
Mon Dec 15, 2014 12:40 am
 
Forum: Personal Consumer Issues
Topic: Humidifiers?
Replies: 14
Views: 966

Re: Should I buy house with a crack?

rob wrote:Don't guess... pay a structural engeneer to make a determination.

+1 Yes, do that.
by cheese_breath
Mon Dec 15, 2014 12:15 am
 
Forum: Personal Consumer Issues
Topic: Should I buy house with a crack?
Replies: 29
Views: 3211

Re: Roth, 401k, or Taxable?

I would add a choice D)... pay off car loan. But since we don't know what her interest rate is we can't comment on that anyway. Of A, B, and C I would rule out C for now, but possibly reconsider it when she becomes employed. There's no reason to postpone investing for her retirement. The sooner she ...
by cheese_breath
Mon Dec 15, 2014 12:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth, 401k, or Taxable?
Replies: 8
Views: 670

Re: Comcast's XFINITIWIFI

thanks for posting this. i just checked and i have it too! didn't opt in either. looks like a call to comcast will need to be made on monday. if ya got comcast -- check your available connections! actually...i've procrastinated getting my own modem (about $100) and stopping the $9 monthly rental fe...
by cheese_breath
Sat Dec 13, 2014 5:51 pm
 
Forum: Personal Consumer Issues
Topic: Comcast's XFINITIWIFI
Replies: 29
Views: 2302

Re: At what age did you find dream job?

Age 56, when I retired. Retirement was always my career goal, and I reached it at 56. I have no desire to ever quit this job.
by cheese_breath
Sat Dec 13, 2014 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: At what age did you find dream job?
Replies: 32
Views: 2698

Re: Roth conversion, re-characterization, taxes

I would think you would want to file an amended return. When you convert to the Roth you have to pay taxes on the conversion. I have never recharacterized myself, but I imagine you should be able to recoup the taxes you paid on the recharacterized amount. Please some else interject if I have this wr...
by cheese_breath
Sat Dec 13, 2014 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth conversion, re-characterization, taxes
Replies: 12
Views: 627

Re: year end tax loss harvesting strategy

I will be selling shares BEFORE the dividend is paid. I do not want my AGI to go up by the amount of the dividend. I intend buy the replacement shares after they have paid their dividend, so that I do not receive their dividend as well. But won't the basis per share go down after the dividend there...
by cheese_breath
Sat Dec 13, 2014 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: year end tax loss harvesting strategy
Replies: 13
Views: 760

Re: Gift to Yourself

cfs wrote:Satisfaction.

Satisfaction will be the gift to myself after I send/deliver all the checks/donations to those persons and organizations I care about.

Good answer.
by cheese_breath
Sat Dec 13, 2014 11:29 am
 
Forum: Personal Consumer Issues
Topic: Gift to Yourself
Replies: 36
Views: 4374

Re: year end tax loss harvesting strategy

I will be selling shares BEFORE the dividend is paid. I do not want my AGI to go up by the amount of the dividend. I intend buy the replacement shares after they have paid their dividend, so that I do not receive their dividend as well. But won't the basis per share go down after the dividend there...
by cheese_breath
Sat Dec 13, 2014 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: year end tax loss harvesting strategy
Replies: 13
Views: 760

Re: Gift to Yourself

Nothing. Same with birthday. If I happen to find something I want later, then that will be my Christmas or birthday gift. But I don't like having to choose something by any certain day.
by cheese_breath
Sat Dec 13, 2014 11:21 am
 
Forum: Personal Consumer Issues
Topic: Gift to Yourself
Replies: 36
Views: 4374
Next

Return to advanced search