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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: 1457

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: Investing - Theory, News & General
Topic: Trying to understand the 1040 Tax Table
Replies: 19
Views: 1055

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: 1083

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: 4252

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: 46
Views: 3267

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: 1196

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: 1323

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: 3721

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: 1624

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: 842

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: 810

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: 1553

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: 97
Views: 10083

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: 1685

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: 1409

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: 5080

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: 792

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: 628

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: 590

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: 3003

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: 7374

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: 560

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: 293

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: 293

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: 293

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: 2925

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: 7737

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: 7737

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: 2014

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: 7737

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: 2014

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: 2014

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: 986

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: 1026

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: 660

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: 898

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: 720

Re: advice regarding hard to find HVAC freon leak

If you are getting quotes on new systems make sure you tell them about the current leak. The quotes you get may or may not include the cost of replacing the lines between the compressor and the air handler. I think you would be disappointed if you installed a new system and then found out you still ...
by earlyout
Tue May 20, 2014 4:11 pm
 
Forum: Personal Consumer Issues
Topic: advice regarding hard to find HVAC freon leak
Replies: 50
Views: 2965

Re: Q: Paying all withholding tax at end of year

I think Wizard was saying that any tax withholding must be paid by Dec 31. An estimated tax payment , no matter when it is paid, does not qualify as withholding.
by earlyout
Sun May 18, 2014 8:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Q: Paying all withholding tax at end of year
Replies: 19
Views: 1481

Re: Telephone sales illegal?

I suspect that many, if not most, of these nuisance marketing calls are made by companies outside the U.S. A local company outsources their marketing to an off shore call center and since the calls do originate in the U.S. they ignore the do not call lists. These calls are also very difficult to tra...
by earlyout
Tue May 13, 2014 11:24 am
 
Forum: Personal Consumer Issues
Topic: Telephone sales illegal?
Replies: 20
Views: 1413

Re: Bequeathing to Wife - Up to a point

You would probably want to include something in the trust that would make it difficult for your wife to just gift a lot of cash from the trust to her children while she is still alive. I suppose this could get tricky but your lawyer should be able to help. Picking a very reliable trustee is critical...
by earlyout
Mon May 12, 2014 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bequeathing to Wife - Up to a point
Replies: 29
Views: 2747

Re: what is hardest financial descion?

6miths wrote:When to retire for me. Hard to turn off that spigot!


+1
This was by far the hardest decision for me. The extra money I could accumulate by working 10 more years or just retire and see what happens. 15 years later I don't miss the extra money.
by earlyout
Sat May 10, 2014 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: what is the hardest financial decision?
Replies: 55
Views: 5006

Re: bathroom exhaust fan placement

Three recommendations. 1. Get a Panasonic fan because they are quiet. 2. Get a fan with more capacity than the typical specifications for your room size. 3. Do not place the fan in an enclosed shower since the fan would have to pull air from around the door or from other cracks in the shower enclosu...
by earlyout
Thu May 08, 2014 6:04 pm
 
Forum: Personal Consumer Issues
Topic: bathroom exhaust fan placement
Replies: 18
Views: 1135

Re: Tagging Market Performance to Withdrawals

Perhaps the Variable Percentage Withdrawal approach addresses your question. See the following:

http://www.bogleheads.org/forum/viewtopic.php?f=10&t=120430&newpost=2051585
by earlyout
Wed May 07, 2014 4:33 pm
 
Forum: Investing - Theory, News & General
Topic: Tagging Market Performance to Withdrawals
Replies: 17
Views: 834

Re: Planning for Upcoming RMD and Asset Allocation

There have been many Boglehead discussions about taking just dividends vs using a total return approach for income generation. I'd suggest you search the forum for some of these discussions.
by earlyout
Sat Apr 26, 2014 3:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Planning for Upcoming RMD and Asset Allocation
Replies: 1
Views: 307

Re: One Penny Tax Refund

You're probably lucky it was not a larger difference. The tax code has rules about rounding the entries you make on your tax return and these were probably not followed correctly. Tax software usually does not follow these rules exactly resulting in incorrect entries and/or incorrect calculated valu...
by earlyout
Sat Apr 26, 2014 1:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: One Penny Tax Refund
Replies: 8
Views: 1615

Re: Can you put after tax RMD withdrawals into ROTH?

Wizard's timing sequence is a very good. However, before you take your RMD I would go ahead and estimate my income taxes for the year, including any extra income tax required for a planned Roth conversion. I would then have my IRA custodian withhold all the income taxes from the RMD in mid December....
by earlyout
Fri Apr 18, 2014 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can you put after tax RMD withdrawals into ROTH?
Replies: 25
Views: 1839

Re: Taxes owed in taxable account

Deleted. Incorrect information. See next post. .
by earlyout
Thu Apr 17, 2014 8:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes owed in taxable account
Replies: 18
Views: 1169

Re: SS Strategy Metric

I considered two factors, both mentioned elsewhere in this thread. First was the income floor while we are both alive as well as the income floor for the surviving spouse. The second value was the size of the investment portfolio at age 75. By delaying SS until 70 we were able to convert a substanti...
by earlyout
Wed Apr 16, 2014 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: SS Strategy Metric
Replies: 55
Views: 4235

Re: Suggestions - Postpaid to Prepaid & Porting to VOIP prov

I'm trying to understand your goals here. Have you moved and want your old numbers to follow you to your new location/new numbers? Do you just want to have new telephone numbers and not miss calls from your old numbers? If you do not need new numbers, it would be much simpler just to port the number...
by earlyout
Thu Apr 03, 2014 8:21 am
 
Forum: Personal Consumer Issues
Topic: Suggestions - Postpaid to Prepaid & Porting to VOIP provider
Replies: 6
Views: 622
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