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Re: Help with mother's Revocable Living Trust after she pass

Why don't you involve a trusted local attorney to advise the three of you? It appears that at least two of the three co-trustees (you and your brother) are in business together and perhaps your sister and BIL are also involved in the business. If you have an attorney that helps you with your busines...
by earlyout
Sun Nov 23, 2014 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with mother's Revocable Living Trust after she passes
Replies: 8
Views: 660

Re: Bumped out of first class at boarding - compensation?

Did you fly first class on your return trip? If so it might be a stretch to go for a payment of 160K miles. Please let us know how this all settles out. I suspect there is something in their frequent flyer agreement that allows them to bump you back to economy and that any compensation is defined th...
by earlyout
Sun Nov 23, 2014 11:12 am
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 30
Views: 1832

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

Usually Bob Meighan of Intuit jumps into these conversations and tries to straighten out the confusion. He's strangely silent this time.
by earlyout
Fri Nov 21, 2014 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 85
Views: 8511

Re: What temperature for house for long winter absence?

It would help a lot if you told us where you live.
by earlyout
Thu Nov 20, 2014 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: What temperature for house for long winter absence?
Replies: 31
Views: 2812

Re: Shower silicone replacement - Price? DIY?

One other caution before you start this task. Bathtub finishes can be easily damaged, particularly if it is a fiberglass or plastic tub. Cover the bottom of the tub with cardboard and a spare packing blanket and take your shoes off. Also be careful that you don't gouge the top of the tub where it me...
by earlyout
Sun Nov 16, 2014 4:26 pm
 
Forum: Personal Consumer Issues
Topic: Shower silicone replacement - Price? DIY?
Replies: 27
Views: 1639

Re: Cash - Throw it on the table!

Usually just a couple of months expenses in the checking account. I strongly believe the rest should be invested. If I need extra cash I'll sell something.
by earlyout
Wed Nov 05, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 51
Views: 3742

Re: Home phone

Google "Obi and Google Voice". Almost free.
by earlyout
Sun Nov 02, 2014 9:14 am
 
Forum: Personal Consumer Issues
Topic: Home phone [service provider]
Replies: 15
Views: 758

Re: Bucket Approach Redux

Wizard....so you are 50/50....when the stock market tanks like in 2008 how do you handle it?Do you withdraw only from the bond portion? And when the stock market tanks and you have to take 1/12 of next year to refill your bucket, will you withdraw only from your bond portion? Or do you plan to time...
by earlyout
Sat Oct 25, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2619

Re: Statute of Limitations on Medical Billing?

I don't know if this is governed by state law or by the contractual arrangement between the provider and the insurance company. My only experience was a few years ago when a physical therapy provider billed the insurance company about 18 months after the therapy. The insurance company refused to pay...
by earlyout
Fri Oct 24, 2014 1:36 pm
 
Forum: Personal Consumer Issues
Topic: Statute of Limitations on Medical Billing?
Replies: 12
Views: 1815

Re: Roth IRA Rollover and Capital Gains Reinvestment

When and how capital gain distributions are made from RYLPX are defined in the prospectus for the fund and you should check there. With some funds, if you do not own the fund on the distribution date, you get none of the distribution. With other funds the amount you receive is prorated based on leng...
by earlyout
Fri Oct 24, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Rollover and Capital Gains Reinvestment
Replies: 2
Views: 230

Re: Draw down taxable saving first?

For 2013 tax year, If your single adjust your numbers so the total taxable income (income after all adjustments, exemptions and deductions) is $36,249. If your are married and filing a joint return, adjust the total taxable to $72,499. If you add another $100 of regular income, the tax should increa...
by earlyout
Sat Oct 11, 2014 11:33 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 43
Views: 3703

Re: Draw down taxable saving first?

Anon1234, I didn't understand this point: "[so if you convert traditional to a roth you can effectively pay 30% tax on the conversion!]" If the total of your regular taxable income and long term capital gain is at the maximum of the 15% bracket, any additional regular income from a Roth c...
by earlyout
Sat Oct 11, 2014 11:10 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 43
Views: 3703

Re: Draw down taxable saving first?

I plan to retire in 2 years. I will have to start using savings to fund retirement. Does it make sense to draw down taxable savings first? Most of mine in in TSM and Vanguard International. Have you seen the "Optimal Retirement Planner" website and calculator? If you take the time to put ...
by earlyout
Fri Oct 10, 2014 10:06 am
 
Forum: Investing - Theory, News & General
Topic: Draw down taxable saving first?
Replies: 43
Views: 3703

Re: Slick Airline Ticket Phishing Scam

It is a pretty well known scam.
Just Google "scam delta air ticket"
by earlyout
Wed Oct 01, 2014 2:39 pm
 
Forum: Personal Consumer Issues
Topic: Slick Airline Ticket Phishing Scam
Replies: 14
Views: 1668

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 7:33 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 24
Views: 1719

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 1:42 pm
 
Forum: Investing - Theory, News & General
Topic: What is your best estimate of the SWR (Safe Withdrawal Rate)
Replies: 77
Views: 4068

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 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Would you pay for these upgrades in a new construction house
Replies: 17
Views: 1393

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 6:42 pm
 
Forum: Personal Consumer Issues
Topic: Why don't you do Financial Planning?
Replies: 41
Views: 3398

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 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Coordination of Benefits: Two HDHPs with Different Rules
Replies: 2
Views: 414

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 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Mechanics of paying a financial advisor?
Replies: 23
Views: 1386

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 2:18 pm
 
Forum: Investing - Theory, News & General
Topic: Mechanics of paying a financial advisor?
Replies: 23
Views: 1386

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 5:53 pm
 
Forum: Investing - Theory, News & General
Topic: 4% SWR: Any difference for high income vs. low income?
Replies: 4
Views: 606

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 6:31 pm
 
Forum: Personal Consumer Issues
Topic: OBi110 -or- Ooma Telo for home phone service?
Replies: 33
Views: 1229

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 8:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth conversion after retirement ?
Replies: 14
Views: 1416

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 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's and Prenup
Replies: 20
Views: 3074

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 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to withdraw?
Replies: 12
Views: 876

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 2:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: passing an IRA to a parent
Replies: 5
Views: 556

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 7:18 pm
 
Forum: Personal Consumer Issues
Topic: vacation destinations similar to Savannah or Charleston SC
Replies: 28
Views: 2269

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 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2534

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 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: SS Benefit Amounts
Replies: 6
Views: 1131

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 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: using the 15% tax bracket
Replies: 42
Views: 4689

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 7:15 pm
 
Forum: Personal Consumer Issues
Topic: 2014/2015 Honda Accord vs. 2014 Toyota Avalon
Replies: 54
Views: 5626

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 3:40 pm
 
Forum: Personal Consumer Issues
Topic: About to Order my first Mini Cooper S
Replies: 19
Views: 1307

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 11:41 am
 
Forum: Personal Consumer Issues
Topic: Carrara Marble - Large Orange Stain
Replies: 13
Views: 1368

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 7:57 am
 
Forum: Personal Consumer Issues
Topic: Moving after retirement.
Replies: 43
Views: 4588

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 9:35 am
 
Forum: Personal Consumer Issues
Topic: Carry on Luggage Restrictions
Replies: 24
Views: 1790

Re: Deferred Income Annuity

Another current thread on DIAs:

viewtopic.php?f=10&t=144163&newpost=2144742
by earlyout
Tue Aug 05, 2014 6:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Deferred Income Annuity
Replies: 9
Views: 901

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 7:41 pm
 
Forum: Personal Consumer Issues
Topic: Window Wells Filling / Contractor Question
Replies: 12
Views: 961

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 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inexpensive paper check replacement?
Replies: 19
Views: 1661

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 2:33 pm
 
Forum: Personal Consumer Issues
Topic: Google Voice Not Supported on OBi Devices After May 15 2014
Replies: 102
Views: 11450

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 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Conservative Assumptions For Retirement Calculators
Replies: 14
Views: 1764

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 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse to assume or inherit IRA?
Replies: 10
Views: 1459

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 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll - Do you use Quicken?
Replies: 85
Views: 5522

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 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: File and suspend qustion
Replies: 6
Views: 802

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 9:27 am
 
Forum: Personal Consumer Issues
Topic: Builder Options and Property Tax?
Replies: 9
Views: 641

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 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anybody have any experience with Medicare IRMAA?
Replies: 9
Views: 633

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 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Assisted Living Residence and Care Agreement - Questions
Replies: 30
Views: 3096

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 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: What finance experts do you follow on Twitter?
Replies: 44
Views: 8456

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 7:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bought AAMRQ before it changed to AAL - LT gain tax question
Replies: 5
Views: 653

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 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Large deductible expense in Fidelity RIP
Replies: 3
Views: 308
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