Search found 1062 matches

by earlyout
Thu Sep 03, 2015 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Dividends are taxed at ?
Replies: 4
Views: 500

Re: Dividends are taxed at ?

First of all, it does not make any difference if your dividends from a taxable account are paid to you or reinvested. In either case it is income that is reported to the IRS by the brokerage and should be included in your tax return. Second, it depends on the type of dividend you are receiving -- qu...
by earlyout
Fri Aug 28, 2015 5:08 pm
Forum: Personal Consumer Issues
Topic: Recessed/Pendant Lights: Where to Place for this Kitchen
Replies: 9
Views: 703

Re: Recessed/Pendant Lights: Where to Place for this Kitchen

Placing recessed lights 3 ft. from the wall may not be a good idea. How high are your ceilings? If your ceilings are only 8 ft and you are 6 ft. tall your head and shoulders will be between the light fixture and the counter creating an unwanted shadow on the counter top in front of you. Good under c...
by earlyout
Tue Aug 18, 2015 10:16 pm
Forum: Personal Consumer Issues
Topic: Travel Packages - Anyone Tried G-Adventures? Or Have Ideas for Sailing Trip?
Replies: 3
Views: 394

Re: Travel Packages - Anyone Tried G-Adventures? Or Have Ideas for Sailing Trip?

Welcome to the forum.

I'm also interested in small group sailing vacations so I'll bump this.
by earlyout
Mon Aug 10, 2015 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: SS withholding
Replies: 22
Views: 1680

Re: SS withholding

It may depend on the amount. SSA has to retain enough to cover Medicare premiums.
by earlyout
Mon Aug 03, 2015 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplemental Insurance
Replies: 14
Views: 1075

Re: Medicare Supplemental Insurance

You should also check out the Medicare pages related to supplemental insurance. You can start here:

https://www.medicare.gov/supplement-oth ... digap.html

and follow the links to more information about supplemental policies.
by earlyout
Fri Jul 31, 2015 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Social security
Replies: 7
Views: 671

Re: Social security

The simple answer is no, you don't need to notify SSA or apply for SS benefits until 4 months before you want to start receiving your benefits. If you want to receive spousal or survivor benefits prior to receiving you own benefits at 70, you will need to apply for them a few months before you want ...
by earlyout
Thu Jul 30, 2015 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Appraisal Higher than Accepted Offer Price
Replies: 21
Views: 2023

Re: Appraisal Higher than Accepted Offer Price

Or, to be cynical, it may be the person selling it to you knows more about the house than you or the appraiser. Appraisers are human and have been known to make mistakes.
by earlyout
Tue Jul 28, 2015 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Medical Expenses in Retirement
Replies: 18
Views: 1421

Re: Handling Medical Expenses in Retirement

Just like groceries and housing costs, your medical expenses in retirement should be part of your day-to-day budgeting. You'll have drug costs, insurance costs, probably some fraction of your doctor bills, etc. I can see no advantage in setting up a special fund or using a separate card for out of p...
by earlyout
Mon Jul 27, 2015 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: How long until a $10,000 loss matters?
Replies: 39
Views: 3447

Re: How long until a $10,000 loss matters?

Our retirement portfolio is designed to provide the money we need even if the equity portion of the portfolio declines by 50%. This means that a $10,000 decrease in the value of our retirements funds would bother me when it represented 50% of our equity holdings. Doing the math, I would have had onl...
by earlyout
Tue Jul 14, 2015 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: [CNBC article: Social Security Denying Delayed Benefits]
Replies: 30
Views: 4502

Re: [CNBC article: Social Security Denying Delayed Benefits]

I'm having trouble believing this is a real problem since my experience with 2 online applications for SS benefits was very easy and error free. I made a restricted application for spousal benefits about 6 weeks before my FRA and then about 2 months before my 70th birthday I applied for my own benef...
by earlyout
Tue Jul 14, 2015 2:23 pm
Forum: Personal Consumer Issues
Topic: Builder wants to put a retaining wall on my property
Replies: 52
Views: 4724

Re: Builder wants to put a retaining wall on my property

Another consideration regarding the retaining wall is whether or not you ever want or need access to the alley from your yard. Do you want to jump off a 4 ft wall or should there be steps? The privacy fence on top of the wall would also be a way to provide security for your back yard.
by earlyout
Wed Jul 08, 2015 7:16 am
Forum: Personal Consumer Issues
Topic: kitchenaid vs. bosch dishwasher
Replies: 61
Views: 3514

Re: kitchenaid vs. bosch dishwasher

We put in a Bosch dw about 3 years ago and have had no problems. Very quiet and cleans well. There is no heating element but the dishes come out dry. Dishwashers without interior heaters heat the water to a high temperature. The high temperature water not only helps the cleaning process but the heat...
by earlyout
Sat Jun 27, 2015 9:53 am
Forum: Investing - Theory, News & General
Topic: IRA contributions for partial year
Replies: 7
Views: 662

Re: IRA contributions for partial year

Its something else. As long as you (or your spouse) had earned income of $6500 you can contribute $6500. It doesn't matter how long you worked.
by earlyout
Tue Jun 23, 2015 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is an EIN Needed Here? (Estate-related)
Replies: 25
Views: 1755

Re: Is an EIN Needed Here? (Estate-related)

I don't see why you would need an EIN but there are some questions that should be addressed: Is the surviving spouse the trustee of the revocable trust? Are you the successor trustee? Do you have a durable POA for the surviving spouse? Are you the executor of the estate of the surviving spouse? If y...
by earlyout
Mon Jun 08, 2015 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Older Retirees
Replies: 9
Views: 1424

Re: Help with Older Retirees

Why don't you make up two investment proposals and use them as a basis for discussion with your Mother. One plan would be a conservative asset allocation and investments that would be suitable for their age and the other an asset allocation and investments that would be more suitable for those likel...
by earlyout
Sun Jun 07, 2015 8:40 am
Forum: Personal Finance (Not Investing)
Topic: What If Creeping Dementia Impairs Your Financial Judgment?
Replies: 25
Views: 3607

Re: What If Creeping Dementia Impairs Your Financial Judgment?

This is the time when a low cost advisor is a very valuable asset and worth a lot more in peace of mind than the cost of the advisor. My wife has little interest in managing our investments and to guard against my sudden death or loss of the ability to make sound decisions, we have used an advisor t...
by earlyout
Sat May 30, 2015 12:32 pm
Forum: Personal Consumer Issues
Topic: .
Replies: 5
Views: 769

Re: Water puddling around house

Google "FEMA flood maps" and use that site to check the flooding vulnerability of the property. These flood maps are also used by insurance companies in setting rates for homeowners insurance.
by earlyout
Thu May 14, 2015 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Question on long term/short term gains and long term losses
Replies: 3
Views: 177

Re: Question on long term/short term gains and long term losses

Download a Schedule D from the IRS website, enter your numbers, and see the result. Long term loss only offsets short term gain after all long term gain has been offset.
by earlyout
Tue May 12, 2015 7:49 pm
Forum: Personal Consumer Issues
Topic: Ideas for a Week in Hong Kong?
Replies: 3
Views: 396

Re: Ideas for a Week in Hong Kong?

Just to get started -- Take the train from the airport to Central. Spend some time exploring the many small shops and cafes along the mid levels escalators. If you like antiques, explore the shops along Hollywood Road. Pick a clear day and take the tram to Victoria Peak. Go to the night market in Ko...
by earlyout
Tue May 12, 2015 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Financial advisor vs. CPA/Tax specialist
Replies: 5
Views: 627

Re: Financial advisor vs. CPA/Tax specialist

You commented on taxes on your Social Security. SS benefits are not taxed at 85% but a maximum of 85% of your SS benefit may be subject to tax. Whether 85% is taxed or none of it is taxed is determined by how much other income you have. The tax rate on the part of your SS benefit that is taxed is wh...
by earlyout
Tue May 12, 2015 8:07 am
Forum: Personal Finance (Not Investing)
Topic: HealthCare.gov Marketplace Income Question
Replies: 2
Views: 420

Re: HealthCare.gov Marketplace Income Question

You should use your best estimate of a modified adjusted gross income from the tax return you will file for 2015. This MAGI should include your AGI plus untaxed Social Security benefits, tax exempt interest, and foreign earned income for each member of the household. You can get a lot of info with G...
by earlyout
Sun May 03, 2015 2:31 pm
Forum: Forum Issues and Administration
Topic: Selecting a post to follow
Replies: 5
Views: 1555

Re: Selecting a post to follow

Are you logged in?
by earlyout
Fri May 01, 2015 4:01 pm
Forum: Personal Consumer Issues
Topic: 2 Days in Bangkok
Replies: 17
Views: 1441

Re: 2 Days in Bangkok

We always enjoyed visiting the Jim Thompson House to shop for textiles. It is now a museum. It would be particularly interesting if this is your first visit to Bangkok.
by earlyout
Sun Apr 26, 2015 7:41 pm
Forum: Personal Consumer Issues
Topic: Experience with transporting oversized art piece?
Replies: 7
Views: 730

Re: Experience with transporting oversized art piece?

Ask a few reputable gallery owners / art dealers to recommend a mover. Established artists in the foreign location might also provide good recommendations.
by earlyout
Sun Apr 19, 2015 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: reputable fee only financial advisor in SoCal
Replies: 4
Views: 313

Re: reputable fee only financial advisor in SoCal

You say you are looking for a financial advisor but if all you need is someone to help with your investments I strongly encourage you to contact Cardiff Park Advisors in Carlsbad. They provide excellent, low cost fixed fee investment management.
by earlyout
Sun Apr 19, 2015 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Single best piece of personal finance advice ever received?
Replies: 90
Views: 7795

Re: Single best piece of personal finance advice ever receiv

"Do you realize that paying your advisor 1% is the same as taking a 25% paycut in your retirement income?
"
by earlyout
Sat Apr 18, 2015 8:58 am
Forum: Investing - Help with Personal Investments
Topic: long term capital gain tax vs. roth conversions
Replies: 41
Views: 2802

Re: long term capital gain tax vs. roth conversions

What is your objective in taking the capital gain now? Keep in mind that you can donate the stock to charity or pass it on to your heirs with a stepped up basis and the capital gain will never be taxed. My suggestions would be to create detailed scenarios for 1) taking the capital gain now and 2) fo...
by earlyout
Sun Apr 12, 2015 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: question about penalty for lack of health insurance
Replies: 7
Views: 992

Re: question about penalty for lack of health insurance

Looking through Form 8962 for the Premium Tax Credit in Turbo Tax Premium, I see that it has a place to enter the month of marriage in Part 2 of the form and also Part 5 which is an alternate calculation for the year of marriage. My guess is that this is only for calculation of the Premium Tax Credi...
by earlyout
Sun Apr 12, 2015 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: question about penalty for lack of health insurance
Replies: 7
Views: 992

Re: question about penalty for lack of health insurance

The maximum penalty is 1% or your income above the ACA threshold up to a maximum of $204 per month ($2448 per year). This is the average cost of a bronze plan and agrees with the TT calculation. I did a quick look but did not find whether or not she would be exempt for the first 7 months when she wa...
by earlyout
Sun Apr 12, 2015 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy
Replies: 11
Views: 1605

Re: Rent vs Buy (in retirement)

Good recent discussion of same topic here:
viewtopic.php?f=2&t=162803
by earlyout
Tue Apr 07, 2015 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Taxes
Replies: 10
Views: 739

Re: Roth Conversion and Taxes

If the total of your schedule A with the Roth conversion is close to the to the standard deduction, it's possible that w/o the $30,000 of Roth conversion, enough of your medical expenses exceed the 7.5% limitation to make your itemized deductions larger than the standard deduction.
by earlyout
Mon Apr 06, 2015 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Tax Extension Question: Please help!
Replies: 9
Views: 634

Re: Tax Extension Question: Please help!

IIRC the 330 of 365 days applies to the calendar year. An extension of your filing date will not change the number of days either of you spent in Australia in 2014.
by earlyout
Sat Apr 04, 2015 12:37 pm
Forum: Forum Issues and Administration
Topic: Keep getting document expired notice
Replies: 6
Views: 2232

Re: Keep getting document expired notice

You are not alone with this problem. I think it is a consequence of the switch of the forum to https: For an https: site that is password protected, I think Firefox only allows access to the previous page for a finite period of time. When we try to return to that page, Firefox generates a warning. I...
by earlyout
Sat Apr 04, 2015 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Taxable savings to Roth IRAs?
Replies: 8
Views: 1186

Re: Taxable savings to Roth IRAs?

Don't know what tax bracket you are in but remember that long term capital gain in the 15% bracket has a tax rate of 0%. Moving the money to the Roth accounts may be almost cost free and would be a very good move.
by earlyout
Fri Apr 03, 2015 8:31 pm
Forum: Personal Consumer Issues
Topic: [how to handle a $100] purchase from Guatemala?
Replies: 24
Views: 1886

Re: purchase from Guatemala?

If you do decide to give them your credit card number, call your card issuer first and tell them to expect the charge from Guatemala. Otherwise fraud detection may reject the charge.
by earlyout
Fri Apr 03, 2015 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Occasional big expenses after retirement
Replies: 32
Views: 2951

Re: Occasional big expenses after retirement

I like your number 1 and we have used that approach now for 15 years. In normal years when there are none of these big expenses we stay at 2.5% or less of the retirement accounts. In years when we have a large expense like a car or special travel expense, the withdrawal may be 3 or 3.5%. Over the ye...
by earlyout
Fri Apr 03, 2015 8:07 am
Forum: Personal Finance (Not Investing)
Topic: early retiree, ACA "obamacare" MAGI ? but which numbers ??
Replies: 26
Views: 3956

Re: early retiree, ACA "obamacare" MAGI ? but which numbers

Yes, your AGI (and therefore your MAGI) will be lower because of a capital loss carryover. If you have a capital loss carryover and no capital gain, then the capital loss carryover (limited to -$3000) will appear on line 13 of your 1040 and will lower your AGI.
by earlyout
Fri Apr 03, 2015 6:33 am
Forum: Personal Finance (Not Investing)
Topic: early retiree, ACA "obamacare" MAGI ? but which numbers ??
Replies: 26
Views: 3956

Re: early retiree, ACA "obamacare" MAGI ? but which numbers

AGI, line 37/38 of Form 1040, includes traditional IRA distributions (RMDs) and dividends and taxable interest. What did you mean by AGI? MAGI for purposes of the ACA includes your AGI (line 38 Form 1040) plus any untaxed Social Security, tax-exempt interest and foreign income. There may be addition...
by earlyout
Thu Apr 02, 2015 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Which brokers do hassle-free Roth cnvrsn recharacterizations
Replies: 31
Views: 2538

Re: Which brokers do hassle-free Roth cnvrsn recharacterizat

I have had good experience with Schwab over the past 10 years -- both creating new Roth accounts and recharacterizing all or part of a conversion. Never any hassle and never an error on the part of Schwab. I've also found it easy to combine Roth accounts once I know that I will not be recharacterizi...
by earlyout
Sat Mar 28, 2015 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: K-1 tax question
Replies: 8
Views: 1020

Re: K-1 tax question

File a DC tax return to get your $881 back as a refund.
by earlyout
Thu Mar 26, 2015 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Ad Valorem tax on new car
Replies: 8
Views: 976

Re: Ad Valorem tax on new car

The TAVT for Georgia is not a valid federal deduction since it is not assessed annually. Please see the following: http://www.taxact.com/support/1569/georgia---auto-registration-and-ad-valorem-tax-/ http://dor.georgia.gov/general-questions#field_related_links-486-6 https://ttlc.intuit.com/questions/...
by earlyout
Thu Mar 19, 2015 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRA owner's health declined. Should beneficiaries change?
Replies: 27
Views: 1932

Re: IRA owner's health declined. Should beneficiaries change

Although many nursing home will accept Medicaid most assisted living facilities that provide care for dementia/Alzheimer's disease sufferers do not accept Medicaid. Furthermore, most nursing homes are not where someone in the early or middle stage of dementia would care to be and not where their car...
by earlyout
Thu Mar 19, 2015 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRA owner's health declined. Should beneficiaries change?
Replies: 27
Views: 1932

Re: IRA owner's health declined. Should beneficiaries change

Peter's question about dementia is another strong reason for your mother to remain as the beneficiary. Long term care expenses are oftentimes completely deductible by the patient and it would be much better for your mother to pay for this with money from her IRA than for you to pay these expenses wi...
by earlyout
Thu Mar 19, 2015 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have this right? Cost basis question.
Replies: 20
Views: 1105

Re: Do I have this right? Cost basis question.

Capital gains taxes and dividend taxes are two distinctly different taxes. Yes, you've paid every year on your dividend taxes. But, the part that confuses me is a fund that distributes LT and ST capital gains regularly that you've paid taxes on already and how that fits into calculating your own ca...
by earlyout
Thu Mar 19, 2015 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Underpriced house recently sold
Replies: 13
Views: 1792

Re: Underpriced house recently sold

It's my house and I can give it away if I want to. If I give it to a charity I get a nice deduction, if I give it to my neighbor, I'll report it on a gift tax return. Zillow will not know until the transfer is recorded with the county. A lot of real estate is "sold" for $1.00 when it is tr...
by earlyout
Sun Mar 15, 2015 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Best approach for transferring mutual fund shares
Replies: 5
Views: 747

Re: Best approach for transferring mutual fund shares

If the shares are gifted and then sold, there will be a long term gain but the son is below the max of the 15% tax bracket so the long term gain would be taxed at 0%.
by earlyout
Sat Mar 14, 2015 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Value of Capital Gains Tax Deferral
Replies: 9
Views: 893

Re: Value of Capital Gains Tax Deferral

Is there anything in the U.S. that is taxed on a change in current market value? Paying taxes each year on the change in the market value of investments would certainly complicate tax planning.
by earlyout
Thu Mar 12, 2015 8:00 pm
Forum: Personal Consumer Issues
Topic: An arm and a leg ... for a middle finger?
Replies: 32
Views: 4067

Re: An arm and a leg ... for a middle finger?

Maybe you can be glad it didn't require surgery. Even if your insurance company doesn't get the amount changed, it is a lot less than hand surgery. Your HDHP is still saving you money.
by earlyout
Wed Mar 11, 2015 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Lower AGI via TIRA to lower health premium?
Replies: 16
Views: 1144

Re: Lower AGI via TIRA to lower health premium?

Certainly, earnings in a traditional IRA are taxed as regular income and we now start to see why modeling this exactly becomes impossible. Let's stay with your 6% growth and look only at this year's IRA contribution of $5000. That $5000 would grow to about $6700. Instead of $500, they would have to ...

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