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Re: Estimated Tax

Thanks for the faster than fast replies..
by cliff
Fri Feb 14, 2014 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax
Replies: 20
Views: 1406

Estimated Tax

Paid estimated tax in January for 2013. Will i receive a form from the IRS indicating payment?

Thanks
by cliff
Fri Feb 14, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax
Replies: 20
Views: 1406

Re: Retirement 4 percent withdrawal - mortgage principal

Please explain to me why selling I Bonds returning 5% plus would make sense to pay a mortgage at 3%? I should add that I always sell equities and bonds to retain the allocation that I desire.
by cliff
Fri Apr 05, 2013 8:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement 4 percent withdrawal - mortgage principal
Replies: 10
Views: 968

Re: Retirement 4 percent withdrawal - mortgage principal

The reason to have mortgage debt is because of the low rates and tax deduction of mortgage interest. With interest at 3% or so and I bonds at 5 plus % for those bought back when they were great should I sell the I bonds to pay the mortgage? The stock market - I am betting that I can get more than 3%...
by cliff
Fri Apr 05, 2013 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement 4 percent withdrawal - mortgage principal
Replies: 10
Views: 968

Retirement 4 percent withdrawal - mortgage principal

I am retired and have been using the tried-and-true 4% limit on withdrawals. I have a mortgage and have been counting principal payments against the 4%. However, in reality this is just a different asset. It is not unlike buying gold, artwork, or for that matter a mutual fund. Should I really count ...
by cliff
Fri Apr 05, 2013 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement 4 percent withdrawal - mortgage principal
Replies: 10
Views: 968

Health Care vs Health Index

I am a very long time holder of Health Care in an IRA and am very happy with the returns, until recently. Now when I compare it with the Vanguard Health Index I am questioning if it is not time for a change. Health Care (Health Care index) 1, 3 and five year returns as compared with category: 84 (54...
by cliff
Fri Jan 04, 2013 10:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Health Care vs Health Index
Replies: 2
Views: 272

Quicken will not download transactions

Since November 18 I am getting an error code of ol-292-b on Quicken. It indicates that my download request has been rejected by the server. I have used Quicken for well over ten years and never a problem. Prices are downloaded but no transactions. I am not sure if this corresponds with the new websi...
by cliff
Sat Nov 24, 2012 5:20 pm
 
Forum: Personal Consumer Issues
Topic: Quicken will not download transactions
Replies: 4
Views: 363

Re: Anyone using Quicken 2013?

I am a Long time user. Am absolutely dissatisfied with Q. Since may accounts will not update as quicken will not support the bank's authentication method. Support is worse than useless. Have sent about 30 emails. Logs etc. they do nothing . Mobile is hence a waste as bank acct will not update!!!!! Q...
by cliff
Wed Oct 17, 2012 10:17 am
 
Forum: Personal Consumer Issues
Topic: Anyone using Quicken 2013?
Replies: 77
Views: 15587

Re: Stock held in two names cost basis question

Thank you...much appreciated
by cliff
Tue Aug 14, 2012 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stock held in two names cost basis question
Replies: 5
Views: 376

Re: Stock held in two names cost basis question

Thank you. Yes, he did pay for the stock. If I understand you correctly, if after his death I were to cash in the stock the cost basis is calculated from his death. If the stock were sold prior to his death and sold by me under my social security number,I would need to pay taxes on the full cost bas...
by cliff
Tue Aug 14, 2012 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stock held in two names cost basis question
Replies: 5
Views: 376

Stock held in two names cost basis question

My father has stock which is listed in both his and my name – it is listed as father "or"son for ownership purposes. I assume that either he or I could sell it while he is alive????I assume that then we would need to pay whatever the price minus cost basis is in terms of taxes??? If the st...
by cliff
Tue Aug 14, 2012 5:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stock held in two names cost basis question
Replies: 5
Views: 376

iPad app – portfolio tracking

I am looking for a good ipad app, preferably free, that will track mutual funds. Unfortunately neither MorningStar or Vanguard or mint.com provides what I'm looking for. I would like tracking to include portfolio performance for one day, one week, one month, three months, year to to date, one year, ...
by cliff
Sat Aug 11, 2012 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: iPad app – portfolio tracking
Replies: 3
Views: 770

Re: Reit Classification

I'm not sure of your point. It's 45/38/17 or so. My point and question is does it make sense to break down by market cap or classify it differently?
by cliff
Mon Jul 09, 2012 7:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reit Classification
Replies: 7
Views: 683

Reit Classification

Wondering how folks classify REIT's'? Do you uses the typical large/medium/small breakdown or use a separate category or something else?
by cliff
Mon Jul 09, 2012 7:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reit Classification
Replies: 7
Views: 683

Re: Social security – what to do?

Thank You Carl and others. The links are quite helpful. I'll need to read them more carefully but will likely do the restricted Social Security option.
by cliff
Sat Jun 16, 2012 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social security – what to do?
Replies: 9
Views: 911

Re: Social security – what to do?

I appreciate your response but I'm not sure it helps me with Social Security decision.?...I do not follow your logic of a 46 or so percent tax rate
by cliff
Sat Jun 16, 2012 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social security – what to do?
Replies: 9
Views: 911

Re: Social security – what to do?

25% bracket... utilizing investments from taxable accounts... Expect Social Security to be fully taxed, unless I am mistaken
by cliff
Sat Jun 16, 2012 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social security – what to do?
Replies: 9
Views: 911

Social security – what to do?

I am somewhat familiar with various social security options, but am still unsure what to do. Will turn 62 soon and my wife will turn 62 about one year later. Social Security will be slightly higher in my case. Curently have a pension but need to utilize savings to meet all costs. This means selling ...
by cliff
Sat Jun 16, 2012 1:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social security – what to do?
Replies: 9
Views: 911

Savings Bond Wizard - ipad

Safari will not download SBW. Does anyone know of a comparable program/app that will work on an ipad?

thanks
by cliff
Sun Apr 01, 2012 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Savings Bond Wizard - ipad
Replies: 1
Views: 302

Re: How much is needed to self-insure LTC?

For what its worth a few years back I heard a recommendation that if your assets are under 300k it does not make sense to buy LTC. Likewise if over $2 million.
by cliff
Sun Dec 18, 2011 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is needed to self-insure LTC?
Replies: 231
Views: 9790

What rate of inflation does the Vanguard calculator use?
by cliff
Fri Apr 15, 2011 4:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.5% [real] withdrawal for thirty years?
Replies: 22
Views: 2316

Downloaded grease monkey and the script into Firefox. Works great. thanks
by cliff
Wed Mar 23, 2011 7:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Abbreviation versus name [ticker versus fund name]
Replies: 26
Views: 2324

Thanks for all of the affirmative responses...Perhaps it would behoove all of us to respond when 'ticker symbols' are used, to simply state please indicate the fund name and than I will gladly reply to your question/comments. Not trying to be a pain, but it would make this forum much more user frien...
by cliff
Tue Mar 22, 2011 8:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Abbreviation versus name [ticker versus fund name]
Replies: 26
Views: 2324

Abbreviation versus name [ticker versus fund name]

At one time I frequented this board and its predecessor frequently. There was a 'rule' that fund names should be used and not abbreviations. Among other changes I have noted is that no longer is this true. I don't know how others feel but it is quite annoying to see postings that do not use the fund...
by cliff
Mon Mar 21, 2011 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Abbreviation versus name [ticker versus fund name]
Replies: 26
Views: 2324

Lower bonds with pension?

61 - retired - at 62 will take SS and fully cover expenses with pension. Ratio is 65 equities to 35 bonds. Can't one count on a defined pension in essence as a bond and subsequently lower percentage of bonds required?
by cliff
Sun Mar 13, 2011 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: What is YOUR bond/equity ratio compared to your age/horizon?
Replies: 80
Views: 10618

Excellent choices...I have the LG and it is great. Had bought a Samsung. Spent 4 hours and could not get it to connect to internet. LG connected by wi fi in less than four minutes.. Speakers- have the Energy Micros RC Micros. Can be had for about $400. Room is about 14'x18' and they are more than en...
by cliff
Tue Nov 23, 2010 8:52 pm
 
Forum: Personal Consumer Issues
Topic: Home Theater System
Replies: 58
Views: 5421

No..income is from state pension
by cliff
Sat Apr 17, 2010 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: Turbotax - income vs deductions???
Replies: 7
Views: 832

All wages although from a pension...not near 167k...how is SS taxed differently?...thanks
by cliff
Sat Apr 17, 2010 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: Turbotax - income vs deductions???
Replies: 7
Views: 832

Turbotax - income vs deductions???

Running some estimates on TT for next year. Solidly in 25% bracket. Why when I put in additional income do taxes increase more then 25%? Why do taxes decrease less then 25% when I put in a deduction (i.e. charity, mortgage interest)? Neither change impacts tax bracket.
by cliff
Sat Apr 17, 2010 7:56 pm
 
Forum: Investing - Theory, News & General
Topic: Turbotax - income vs deductions???
Replies: 7
Views: 832

The cheapest and safe are the Russian sites. Lavamus and mp3fiesta are two of many. They have different copyright laws and hence albums are under $2 each.
by cliff
Thu Jan 14, 2010 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Best Music Download Sites
Replies: 27
Views: 3788

Vanguard is opening up a new index fund: Vanguard® FTSE All-World ex-US Small-Cap Index. That is the index I am referring to. Used price data that was available but as pointed out did not take into account distributions.
by cliff
Fri Mar 27, 2009 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Global small cap index vs Intl Explorer performance
Replies: 5
Views: 1010

I mentioned International three times before shortening to explorer. I do believe it was clear :lol:

Your comment about total return is well taken. If someone is able to find that information it would be great. Just haven't seen anything that compares the returns of these two funds.
by cliff
Fri Mar 27, 2009 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Global small cap index vs Intl Explorer performance
Replies: 5
Views: 1010

Global small cap index vs Intl Explorer performance

Using 3 year data this index fund appears to be superior to International Explorer. From 7/29/05 thru 2/27/09 the index is down 34% while Intl Explorer is down 55%. In an up market from 7/29/05 thru 10/31/07 the index is up 81% while Explorer is up 39%. In a down market from 10/31/07 thru 2/27/09 th...
by cliff
Fri Mar 27, 2009 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Global small cap index vs Intl Explorer performance
Replies: 5
Views: 1010

This all gets rather complicated. Isn't it easiest to just withdraw 4% max based on current holdings? If that market is up the previous year you get to withdraw more if down less.

Cliff
by cliff
Thu Jan 10, 2008 9:05 pm
 
Forum: Investing - Theory, News & General
Topic: 4% safe withdrawal rule: does it work for other countries?
Replies: 61
Views: 14811

In my example spouse has no income. Let's say in 2008 my income is 9k. My understanding is that i may then fully fund (6k) my roth and then may fund my wife's (despite zero income) for the remaining 3k. My Roth must be fully funded first.
by cliff
Sun Dec 30, 2007 1:07 am
 
Forum: Investing - Help with Personal Investments
Topic: 2008 Roth IRA contribution
Replies: 23
Views: 5605

Thanks for the reply....just to clarify 1. Didn't realize the contribution limit was raised to 6k.
2. In the example spouse has no income but is it still possible to contribute up to 6k for any income I had in excess of 6k?..thanks
by cliff
Sat Dec 29, 2007 1:15 am
 
Forum: Investing - Help with Personal Investments
Topic: 2008 Roth IRA contribution
Replies: 23
Views: 5605

Rules for unemployed spouse

Semi-retired....I know I can contribute 5k to my own roth IRA. Wife had no earned income...May I contribute up to 5k to her Roth? For example if income 10k - 5k to mine, 5k to hers...if income 8k - 5k to mine, 3 k to hers..thanks

Cliff
by cliff
Fri Dec 28, 2007 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2008 Roth IRA contribution
Replies: 23
Views: 5605

Thanks, Brad, your analysis is helpful.
by cliff
Sat Dec 08, 2007 9:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Don't buy the distribution
Replies: 3
Views: 1006

Don't buy the distribution

It's an axiom that one should not buy the distribution. I need to sell shares from my taxable account and then purchase same in a Roth. Is there any advantage to sell before the distribution to avoid taxes?
by cliff
Sat Dec 08, 2007 8:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Don't buy the distribution
Replies: 3
Views: 1006

Sam....soon to benefit from an Illinois state pension, but not counting on the 3% COLA nor the excellent health benefits.....nor the fact that the pension & all other withdrawals from IRA's etc will continue to be free of state tax. I assume this means you are soon to collect an Illinois pensio...
by cliff
Wed Mar 07, 2007 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: State Pension/COLA guarantee
Replies: 9
Views: 5048

Municipal pensions

Read the thread. Not only scary but in my view frankly unethical. Again, yes the cost of pensions has skyrocketed. The tax burden is huge. But it is wrong for government to make promises they don't keep, especially when it will destroy people's lives. Unfortunately this seems to be the American way....
by cliff
Tue Mar 06, 2007 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: State Pension/COLA guarantee
Replies: 9
Views: 5048

Thanks

for the replies. While it is obvious that many government pensions are under funded and something must be done. Is it right to change the terms of a pension once one is retired? I think not. One makes a decision to retire based on a 'promise' of a future income stream, in this case including a COLA....
by cliff
Mon Mar 05, 2007 8:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: State Pension/COLA guarantee
Replies: 9
Views: 5048

State Pension/COLA guarantee

RI state pensions currently guarantee a 3% COLA every year after the third year of retirement. A bill has been proposed that would make any COLA subject to legislative approval each year. Thus the legislature could simply say no COLA this year. I believe in the private sector this would not be allow...
by cliff
Mon Mar 05, 2007 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: State Pension/COLA guarantee
Replies: 9
Views: 5048

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