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Re: POLL: When I gift/will shares to my relatives, I expect

We don't think of it as shares of anything, its just money. What the children inherit from us is just part of our investments and we expect them to use it to complement their own investment plans or convert it to cash if that is what they need to do. If they want to convert shares of Vanguard funds ...
by earlyout
Mon Sep 29, 2014 8:33 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 16
Views: 1044

Re: What is your best estimate of the SWR (Safe Withdrawal R

How many years? Ten years would be a lot different than 40.
by earlyout
Fri Sep 26, 2014 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 3746

Re: Would you pay for these upgrades in a new construction h

Most of it is just personal preference. What is "in style" today may be completely wrong 5 years from now. (Don't try to time the market!) Use whatever is most attractive to you. It would be much better to buy high quality chrome fixtures rather than poor quality brushed nickel. Have you c...
by earlyout
Fri Sep 26, 2014 2:19 pm
 
Forum: Personal Consumer Issues
Topic: Would you pay for these upgrades in a new construction house
Replies: 17
Views: 1282

Re: Why don't you do Financial Planning?

When I retired several years ago I did become a financial planner of sorts. Every year I work as a volunteer tax preparer in the Tax-Aide program. Most of the clients are elderly and often unaware of the intricacies of tax law. Tax preparation requires me to understand their tax situation, income, i...
by earlyout
Thu Sep 25, 2014 7:42 pm
 
Forum: Personal Consumer Issues
Topic: Why don't you do Financial Planning?
Replies: 41
Views: 3201

Re: Coordination of Benefits: Two HDHPs with Different Rules

I think the secondary insurer would pay nothing. If they were primary they would pay $9180 for this claim but since this is less than the $9200 paid by the primary insurer they would not pay. That's the way my secondary health insurance works. Maybe you should call the secondary insurer and ask your...
by earlyout
Sun Sep 21, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Coordination of Benefits: Two HDHPs with Different Rules
Replies: 2
Views: 339

Re: Mechanics of paying a financial advisor?

I don't mind writing a check to my investment manager each quarter. I think it is money well spent and I sleep better at night knowing that when I am not be here any longer my spouse will not have to take on a task for which she has no interest or skill. Furthermore, having a trusted investment man...
by earlyout
Sun Sep 21, 2014 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: Mechanics of paying a financial advisor?
Replies: 23
Views: 1336

Re: Mechanics of paying a financial advisor?

I don't mind writing a check to my investment manager each quarter. I think it is money well spent and I sleep better at night knowing that when I am not here any longer my spouse will not have to take on a task for which she has no interest or skill. Furthermore, having a trusted investment manager...
by earlyout
Sun Sep 21, 2014 3:18 pm
 
Forum: Investing - Theory, News & General
Topic: Mechanics of paying a financial advisor?
Replies: 23
Views: 1336

Re: 4% SWR: Any difference for high income vs. low income?

Usually SWR studies assume the annual amount withdrawn is a gross amount and income and other taxes are paid out of the amount withdrawn. The higher income people may pay a higher percentage of the withdrawal as income tax but then again their accounts may be structured that most of their withdrawal...
by earlyout
Sat Sep 20, 2014 6:53 pm
 
Forum: Investing - Theory, News & General
Topic: 4% SWR: Any difference for high income vs. low income?
Replies: 4
Views: 595

Re: OBi110 -or- Ooma Telo for home phone service?

The Cisco VOIP telephone is effectively a telephone with the OBi functionality (telephone to web interface) built into the telephone. The Cisco phone would plug directly into the router or it may be possible to plug the phone into the modem and your pc into the phone if you do not otherwise need rou...
by earlyout
Mon Sep 15, 2014 7:31 pm
 
Forum: Personal Consumer Issues
Topic: OBi110 -or- Ooma Telo for home phone service?
Replies: 33
Views: 1130

Re: IRA to Roth conversion after retirement ?

Two other things to consider. At some point in the future one of you will have passed. That means income taxes from the RMD alone will probably put the survivor in the 25% bracket. Paying 15% now results in a definite savings for the single spouse. You show a total of 1344 for the two cases in your ...
by earlyout
Fri Sep 12, 2014 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth conversion after retirement ?
Replies: 14
Views: 1375

Re: Alzheimer's and Prenup

I'm not trying to add things for you to be concerned about but If your husband's POA for Healthcare was written before you were married you may not even have that authority. Being the primary caregiver for a person with AD without having POA for healthcare could make things very difficult. I'd encou...
by earlyout
Tue Sep 02, 2014 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's and Prenup
Replies: 20
Views: 2987

Re: Where to withdraw?

The "I" is for individual. Each individual must take required RMDs from their own IRA(s). If an individual has more than 1 IRA account the size of the RMD is based on the total of all of the individual's IRA accounts but the actual distribution can come from one or all of their IRAs. They ...
by earlyout
Mon Sep 01, 2014 4:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to withdraw?
Replies: 12
Views: 825

Re: passing an IRA to a parent

The only way I know how you could do that would be for you to name your mother the beneficiary on the IRA and then die before she does. I guess you could take the money out of the IRA, pay the taxes and the penalty and gift your mother what remains.
by earlyout
Sun Aug 31, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: passing an IRA to a parent
Replies: 5
Views: 534

Re: vacation destinations similar to Savannah or Charleston

New Orleans would be a nice trip. A lot to see and do. Good food. Interesting history.
by earlyout
Tue Aug 26, 2014 8:18 pm
 
Forum: Personal Consumer Issues
Topic: vacation destinations similar to Savannah or Charleston SC
Replies: 24
Views: 1566

Re: Trying to understand the 1040 Tax Table

The tax you calculated from the tax table is just a combination of the various marginal rates on regular income. Depending on how much regular taxable income you may have, some of that income is taxed at 10%, some at 15%, some at 25%, etc. Using the table replaces a calculation where you would use t...
by earlyout
Mon Aug 25, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2482

Re: SS Benefit Amounts

What month did you reach FRA? DRCs are earned at a rate of 2/3% per month and are applied starting in January of the next year. Calculation using 8% per year will give incorrect answers. The wiki has a more detailed explanation. I'm surprised the person you spoke to at Social Security was not aware ...
by earlyout
Sat Aug 23, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefit Amounts
Replies: 6
Views: 1109

Re: using the 15% tax bracket

Peter Foley wrote:
...and the potential for stepped up basis for heirs.


Don't overlook Peter's point about the stepped up basis. Your heirs can inherit the appreciated stock and pay no tax on all that gain. It might be better to use that 10 and 15% space for Roth conversion.
by earlyout
Fri Aug 22, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: using the 15% tax bracket
Replies: 42
Views: 4432

Re: 2014/2015 Honda Accord vs. 2014 Toyota Avalon

Let's try to give your wife what she wants. Have you priced a 2 year old cpo ES350? Better than either of you choices.
by earlyout
Fri Aug 22, 2014 8:15 pm
 
Forum: Personal Consumer Issues
Topic: 2014/2015 Honda Accord vs. 2014 Toyota Avalon
Replies: 52
Views: 4236

Re: About to Order my first Mini Cooper S

If you are in a warm/sunny climate you may want to rethink the black top. I have a Mini with a silver top and the AC has trouble keeping it cool in the summertime, particularly with stop and go driving around town.
by earlyout
Tue Aug 19, 2014 4:40 pm
 
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1271

Re: Carrara Marble - Large Orange Stain

Do you know what caused the stain? A dye from a personal care product may require a much different approach than a rust stain.
by earlyout
Sun Aug 17, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Carrara Marble - Large Orange Stain
Replies: 13
Views: 1332

Re: Moving after retirement.

What are your objectives? Enjoy your life or save money? If you can afford it, I think you should stay. You can always escape winter for a few weeks or months. We moved just after retirement to escape northern winters and now, 15 years later, I'll probably move back just to enjoy the energy and the ...
by earlyout
Sat Aug 16, 2014 8:57 am
 
Forum: Personal Consumer Issues
Topic: Moving after retirement.
Replies: 43
Views: 4380

Re: Carry on Luggage Restrictions

Baggage restrictions vary from one airline to another. Check with the airline your are planning to use.
by earlyout
Sat Aug 09, 2014 10:35 am
 
Forum: Personal Consumer Issues
Topic: Carry on Luggage Restrictions
Replies: 24
Views: 1668

Re: Deferred Income Annuity

Another current thread on DIAs:

viewtopic.php?f=10&t=144163&newpost=2144742
by earlyout
Tue Aug 05, 2014 7:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Deferred Income Annuity
Replies: 9
Views: 873

Re: Window Wells Filling / Contractor Question

Is your basement equipped with a sump pump? If not, you might have to install a drain tile around your foundation at the bottom of the basement walls and have this drain tile empty into a sump pump. Drains for the window wells should be installed at the same time that would empty into the drain tile...
by earlyout
Mon Aug 04, 2014 8:41 pm
 
Forum: Personal Consumer Issues
Topic: Window Wells Filling / Contractor Question
Replies: 12
Views: 841

Re: Inexpensive paper check replacement?

If you have a grandfathered Wachovia Crown Classic account, go to the Wells Fargo website and order your new checks. They are free and they will send them to you FedEx overnight. Can't get any easier or cheaper than that.
by earlyout
Sat Aug 02, 2014 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inexpensive paper check replacement?
Replies: 19
Views: 1584

Re: Google Voice Not Supported on OBi Devices After May 15 2

I no longer use gmail but OBi seems to be working fine.
by earlyout
Fri Aug 01, 2014 3:33 pm
 
Forum: Personal Consumer Issues
Topic: Google Voice Not Supported on OBi Devices After May 15 2014
Replies: 102
Views: 10941

Re: Conservative Assumptions For Retirement Calculators

For my projections I always try to be somewhat pessimistic but still in the realm of reality so I use 5% nominal growth for investments(AA is 50/50), 1% inflation for Social Security and 3% inflation for all expenses. I don't consider this an impossible scenario.
by earlyout
Thu Jul 24, 2014 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Conservative Assumptions For Retirement Calculators
Replies: 14
Views: 1716

Re: Spouse to assume or inherit IRA?

If the named beneficiary does not need distributions from the IRA, can the beneficiary disclaim the IRA?
by earlyout
Mon Jul 21, 2014 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse to assume or inherit IRA?
Replies: 10
Views: 1425

Re: Poll - Do you use Quicken?

Have used Quicken for over 10 years to track spending -- credit cards, checking and cash. Use Excel to track investments and for portfoloio management.
by earlyout
Mon Jul 21, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 85
Views: 5262

Re: File and suspend qustion

If her reduced benefit at age 62 is $1000 her PIA is approx. $1330 (your did not tell us what year she was born). Please see sscritic's response above regarding cases when her PIA is at least 1/2 of her husband's PIA.
by earlyout
Sat Jul 19, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: File and suspend qustion
Replies: 6
Views: 797

Re: Builder Options and Property Tax?

This is one of the reasons many local governments require licensing of contractors and building permits for home modifications. Modifications done without building permits can lead to fines and/or removal of the improvements. A contractor can lose his license for making modifications without permits.
by earlyout
Tue Jul 15, 2014 10:27 am
 
Forum: Personal Consumer Issues
Topic: Builder Options and Property Tax?
Replies: 9
Views: 634

Re: Anybody have any experience with Medicare IRMAA?

I officially retired on Monday and will no longer be getting a paycheck. My goal is to keep my income as low as possible so I can do some Roth conversions for the next 3 years beginning in 2015. My expected income will put me well below the IRMAA threshold. Be careful with your Roth conversions tha...
by earlyout
Sun Jul 13, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anybody have any experience with Medicare IRMAA?
Replies: 9
Views: 612

Re: Assisted Living Residence and Care Agreement - Questions

Is this a simple assisted living facility or is this a continuous care community which requires a substantial buy-in? I think assisted llving facilities are governed by state law and these requirement vary quite a bit. I know In Georgia, the agreement for an assisted living facility is pretty much l...
by earlyout
Sat Jul 12, 2014 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Assisted Living Residence and Care Agreement - Questions
Replies: 30
Views: 3025

Re: What finance experts do you follow on Twitter?

Personally I'm glad so many folks have time to look at all these random thoughts from various people. I'll let them filter out the noise. I'm sure that if they find anything that might effect my retirement it will be posted here within a few hours.
by earlyout
Wed Jul 09, 2014 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: What finance experts do you follow on Twitter?
Replies: 44
Views: 7714

Re: Bought AAMRQ before it changed to AAL - LT gain tax ques

Unless the instructions/announcement of the stock distributions contain explicit statements otherwise, I would assume that the distribution date is the purchase date for the AAL shares.
by earlyout
Sun Jul 06, 2014 8:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bought AAMRQ before it changed to AAL - LT gain tax question
Replies: 5
Views: 579

Re: Large deductible expense in Fidelity RIP

A simple solution. Enter a large deductible expense as a charitable contribution and the RIP will not treat the extra withdrawal as taxable income. Since most of my retirement income is from traditional IRAs, the estimated residual estate increased significantly.
by earlyout
Thu Jul 03, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Large deductible expense in Fidelity RIP
Replies: 3
Views: 303

Re: Large deductible expense in Fidelity RIP

I have not found anyplace where one can specify what to withdraw. I did try putting the extra medical expense in the prescription drug slot but the tool assumed taxable income was required to cover the cost.
by earlyout
Thu Jul 03, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Large deductible expense in Fidelity RIP
Replies: 3
Views: 303

Large deductible expense in Fidelity RIP

I find Fidelity's Retirement Income Planner very useful since it allows me to set up detailed yearly expenses and vary these expenses from year to year. However, I've run into a problem and am hoping that one of you have found a solution. I will have large medical expenses over the next few years an...
by earlyout
Thu Jul 03, 2014 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Large deductible expense in Fidelity RIP
Replies: 3
Views: 303

Re: Best website for airfare?

https://www.google.com/flights/ +1 Just google "flights from washington dc to san diego" and select the first entry. On the page that comes up, click on the little bar graph icon under the return date. You will get a chart that will show you the prices for July and August and you can easi...
by earlyout
Thu Jul 03, 2014 11:35 am
 
Forum: Personal Consumer Issues
Topic: Best website for airfare?
Replies: 20
Views: 3020

Re: Anyone use Wells Fargo Bank?

The Schwab transfer function allows transfer from my account at Schwab Bank or from any of the Schwab brokerage accounts. I started using online bill pay when it was a Wachovia account and have had no reason to try Schwab's bill pay. In 7 years I have not had a single problem with the WF bill pay.
by earlyout
Mon Jun 30, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 7799

Re: Anyone use Wells Fargo Bank?

Here in Georgia, my Crown Classic account at Wells Fargo (formerly Wachovia) is still free. I do not pay for a small safe deposit box or their excellent bill pay. I do not have a brokerage account at Wells Fargo and only have to maintain a balance of $1000 in the checking account. I move money betw...
by earlyout
Sun Jun 29, 2014 10:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 7799

Re: Paid off home as LTC Insurance?

Although dying at home may be preferable in many cases, significant costs can still be involved. Nursing care, physical therapy, home care assistance all cost money and can exceed the cost of a decent nursing home or dementia care unit. If the house is supposed to pay for LTC, where will the money c...
by earlyout
Sun Jun 29, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Paid off home as LTC Insurance?
Replies: 38
Views: 2024

Re: Anyone use Wells Fargo Bank?

Here in Georgia, my Crown Classic account at Wells Fargo (formerly Wachovia) is still free. I do not pay for a small safe deposit box or their excellent bill pay. I do not have a brokerage account at Wells Fargo and only have to maintain a balance of $1000 in the checking account. I move money betwe...
by earlyout
Sun Jun 29, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 7799

Re: Paid off home as LTC Insurance?

Check with your favorite assisted living facility but the cost for 2 people is usually almost twice the cost of 1 person.
by earlyout
Fri Jun 27, 2014 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Paid off home as LTC Insurance?
Replies: 38
Views: 2024

Re: Paid off home as LTC Insurance?

If you are not married this is a reasonable idea. If are are married, you have to consider that both of you may not be in a LTC facility at the same time. One of you may be at home, the other in LTC. Or, the worst case, your are both in LTC but in different facilities.
by earlyout
Fri Jun 27, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Paid off home as LTC Insurance?
Replies: 38
Views: 2024

Re: Schwab inherited IRA RMD question

I don't know if inherited IRAs would be treated differently but my traditional IRA is at Schwab and they have never sent me a notice of how much my RMD will be for the year. They will calculate the RMD for you when you request a distribution.
by earlyout
Mon Jun 16, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Schwab inherited IRA RMD question
Replies: 20
Views: 1006

Re: Georgia Retirement Income Exclusion

The exclusion is per individual. All income must be identified as belonging to an individual. Income from joint accounts is split 50:50. The income exclusion is then applied to each individual's income.
by earlyout
Mon Jun 02, 2014 10:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Georgia Retirement Income Exclusion
Replies: 11
Views: 1040

Re: cost indoor sliding door

It is almost impossible to say if the price is reasonable since the cost of a project like this very much depends on the detail of what they do. Will the doors match the other doors in your living space -- finished wood or painted fiberboard? Will the trim around the door frame and along the new wal...
by earlyout
Sun May 25, 2014 12:46 pm
 
Forum: Personal Consumer Issues
Topic: cost indoor sliding door
Replies: 11
Views: 673

Re: [Problem obtaining online] Free Credit Report

I recently attempted to go online and get a copy of my free credit report from Equifax. The request failed and I was asked to send in the needed documentation. Rather than go through that hassle I made a telephone request and had no problems. A week later a paper copy of my credit report arrived in ...
by earlyout
Sat May 24, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Problem obtaining online] Free Credit Report
Replies: 13
Views: 994

Re: Rent vs Buy Calculator NY Times

There is also a discussion of renting vs buying in the Boglehead's Wiki. This discussion includes the NYT calculator and some other sources. See the link below.

http://www.bogleheads.org/wiki/Owning_vs_renting
by earlyout
Sat May 24, 2014 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy Calculator NY Times
Replies: 7
Views: 756
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