Search found 711 matches

by furwut
Tue Sep 01, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Chip credit cards, do I need to get a PIN?
Replies: 37
Views: 1807

Re: Chip credit cards, do I need to get a PIN?

I just got my first chipped credit card. At a couple of stores I've been temporarily flummoxed when I tried to swipe the card the old fashion way and the transaction was rejected. The messaging could be better. Also on some of the readers where you insert the card to read the chip is not obvious. An...
by furwut
Mon Aug 24, 2015 4:30 pm
Forum: Investing - Theory, News & General
Topic: "There’s No Need to Fear Stock Market Corrections"
Replies: 15
Views: 2596

Re: "There’s No Need to Fear Stock Market Corrections"

Well I, for one, want my market to be as well behaved as the weather in Camelot.
by furwut
Thu Aug 20, 2015 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Need for umbrella liability insurance
Replies: 6
Views: 907

Re: Need for umbrella liability insurance

IMO the principal reason most people need to carry umbrella insurance is for liability obligation/protection arising from automobile crashes. What liability exposures are there for your mother in her living situation? If she is at fault for something that results in significant damage to other units...
by furwut
Thu Aug 20, 2015 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Questions about condo insurance H06 (esp liability)
Replies: 13
Views: 1260

Re: Questions about condo insurance H06 (esp liability)

There are 2 types of HOA Master Insurance policies. The older type just covered to the interior wall - i.e. your appliances and finishes weren't not included. The newer "walls in" does cover all the fixtures and such inside the apartment. There can be some nuances with walls in coverage. F...
by furwut
Tue Aug 18, 2015 10:03 pm
Forum: Personal Consumer Issues
Topic: Blue Apron
Replies: 88
Views: 10658

Re: Blue Apron

by furwut
Sat Aug 15, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree with dependent who needs health insurance
Replies: 4
Views: 578

Re: Retiree with dependent who needs health insurance

I wonder if The Children's Health Insurance Program (CHIP) could apply in this situation?

The suggestion to seek the advice of the school counselor is a good place to start.
by furwut
Wed Aug 12, 2015 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 28
Views: 2732

Re: 401K leaving employer

So I rolled it over from Traditional 401K to a Rollover IRA. I understand that I can further roll it over from there back into a new employer's 401K should there be a need to, perhaps in the event one needs lawsuit, bankruptcy, or creditor protection? Do folks do this as a tactic in the event someo...
by furwut
Sun Aug 09, 2015 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Reality check - prepping for early retirement
Replies: 7
Views: 1527

Re: Reality check - prepping for early retirement

Lilly50 wrote: Is there a recommended calculator for modeling early retirement and using taxable accounts first?

Thanks again.

Take a look at Firecalc.
http://www.firecalc.com
by furwut
Sun Aug 09, 2015 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Three Fund Portfolio Question
Replies: 11
Views: 1122

Re: Three Fund Portfolio Question

Vanguard has for awhile recommended international equity be 20 - 40% of total equity. Their Life Strategy Conservative Growth fund currently has international right in the middle of that range at 30%. https://investor.vanguard.com/mutual-funds/lifestrategy/#/mini/holdings/0724 However, at the start ...
by furwut
Sun Aug 09, 2015 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Transfer 401K to IRA at 59-1/2
Replies: 5
Views: 382

Re: Transfer 401K to IRA at 59-1/2

The technical term for it, I believe, is an In Service Rollover. While everyone can do a rollover when they leave employment some plans permit rollovers while remaining employed as Rubert says. Speak with your plan administrator. Access to better investment options is a good reason to do a rollover....
by furwut
Sat Aug 08, 2015 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Retiree Healthcare Vs. ACA healthcare
Replies: 14
Views: 1508

Re: Retiree Healthcare Vs. ACA healthcare

For me, so far, the only downside* is the complexity of deciding whether to limit MAGI to maximize the premium tax credit versus using my favorable tax bracket to capital gains harvest at 0% or convert Roth at 15%. I have to figure this out next year. What did you determine? This year I went for th...
by furwut
Fri Aug 07, 2015 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 14
Views: 2274

Re: Vanguard Personal Advisor Services

Welcome. I suggest you take a look at this link first - Asking Portfolio Questions . I think most posters on this forum believe its not difficult to setup a good portfolio on one's own. Posting in the above format will be sure to bring in plenty of experienced guidance! You can also search the forum...
by furwut
Fri Aug 07, 2015 9:22 pm
Forum: Personal Consumer Issues
Topic: Comcast Offers-whats the catch?
Replies: 26
Views: 2402

Re: Comcast Offers-whats the catch?

It is not without good reason that Comcast is consistently named one of the most hated companies in America. But in all honesty so long as the service is working and you don't have to interact with them its fine.
by furwut
Fri Aug 07, 2015 3:16 pm
Forum: Personal Consumer Issues
Topic: Comcast Offers-whats the catch?
Replies: 26
Views: 2402

Re: Comcast Offers-whats the catch?

Have you asked yourself if you even need 25 Mbs internet? I recently downgraded from 25 Mbs to 6 Mbs. Streaming Netflix and PBS is just as fine and dandy as before. Of course with Comcast's absurd pricing it's only a few dollars less. But I was so tired of playing the game with their retention folks...
by furwut
Fri Aug 07, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Retiree Healthcare Vs. ACA healthcare
Replies: 14
Views: 1508

Re: Retiree Healthcare Vs. ACA healthcare

I retired at age 51. I could have continued my employer coverage while paying 100% of the premium. I chose, instead, to enter the new ACA exchange market. Decision factors were: Cost of insurance Likelihood of medical utilization Possible ACA premium tax credit Availability of ACA HDHP + HSA Capital...
by furwut
Wed Aug 05, 2015 5:35 pm
Forum: Personal Consumer Issues
Topic: auto insurance coverage - please suggest
Replies: 4
Views: 429

Re: auto insurance coverage - please suggest

If you have good medical insurance, sick leave policy and short-term disability then to an extent PIP, uninsured and underinsured is duplicative.
by furwut
Wed Aug 05, 2015 11:48 am
Forum: Personal Consumer Issues
Topic: Prepaid Cell Plan USA
Replies: 30
Views: 2808

Re: Prepaid Cell Plan USA

Check with Airvoice. Better than H2O, same ATT network. I recently switched to Airvoice from a T-Mobile paygo plan and so far it's working out great. Airvoice has 2 cheap plans for infrequent users. The $10 a month 250 minute plan charges $.04 for minutes, $.02 for texts, and $.06 per MB for data. ...
by furwut
Tue Aug 04, 2015 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion: Threshold checklist
Replies: 50
Views: 3508

Re: Roth conversion: Threshold checklist

The idea of a deferred annuity to delay RMD and provide longevity insurance has been rummaging around in my mind of late since I read Wade Pfau's latest on annuities enhancing portfolio sustainability. The Treasury Department’s new rule would permit people to invest up to 25% of their IRA or 401(k) ...
by furwut
Tue Aug 04, 2015 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) Subsidy - Early Retirement
Replies: 18
Views: 1441

Re: ACA (ObamaCare) Subsidy - Early Retirement

I think your plan has merit with regard to health insurance. TFB has discussed income bunching under Obamacare. Income Bunching Under Obamacare Premium Subsidy In the years you are claiming a subsidy I suggest you hit an income level that allows you to have a cost-sharing silver plan. Are you famili...
by furwut
Mon Aug 03, 2015 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Are we super-savers enough to consider Roth contributions?
Replies: 3
Views: 734

Re: Are we super-savers enough to consider Roth contributions?

Thinking about IRAs and Roths makes my head hurt. Here are the White Coat Investor's articles that I think you are referring to: If you expect huge RMDs in retirement (the RMD is 5.3% at age 80) due to huge tax-deferred accounts, then start converting. An orthodontist on Bogleheads recently noted hi...
by furwut
Mon Aug 03, 2015 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Parents and Roth Contributions
Replies: 9
Views: 468

Re: Parents and Roth Contributions

Yes - at the very least your wife should be receiving a copy of the statements? How else can you be filing your taxes correctly There is no tax reporting for Roth IRAs, except if your income is low enough to qualify for the saver's credit. Ok but Roth contributions are reported to the IRS on Form 5...
by furwut
Mon Aug 03, 2015 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Plan & Goals
Replies: 6
Views: 273

Re: 401k Plan & Goals

by furwut
Mon Aug 03, 2015 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Parents and Roth Contributions
Replies: 9
Views: 468

Re: Parents and Roth Contributions

Yes - at the very least your wife should be receiving a copy of the statements? How else can you be filing your taxes correctly? I would start with requesting a statement "for tax" filing. If the investments are fine I wouldn't press the parents too much. If not then I would have wife pres...
by furwut
Mon Aug 03, 2015 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Plan & Goals
Replies: 6
Views: 273

Re: 401k Plan & Goals

I like Option B. Life Strategy Growth is a great way to be broadly diversified at low cost and minimal effort . There was a recent thread here suggesting that constant rebalancing (which LS does) may result in a small bonus over doing it yourself ad hoc. Certainly if rebalancing is left to the indi...
by furwut
Mon Aug 03, 2015 2:28 pm
Forum: Investing - Theory, News & General
Topic: 3-fund portfolio, wonderful concept: what about real returns?
Replies: 7
Views: 851

Re: 3-fund portfolio, wonderful concept: what about real returns?

Will wonderful concept of 3 fund folio perform better, worst or mediocre?


I think what nice guy was getting at against what benchmark? By construction the 3-fund portfolio will closely track its representative indexes.
by furwut
Mon Aug 03, 2015 8:59 am
Forum: Personal Finance (Not Investing)
Topic: ACA & Roth conversions
Replies: 7
Views: 789

Re: ACA & Roth conversions

IMO the best years to claim the ACA tax credit are those right before Medicare eligibility. Your premium is at its highest thus you will get a higher tax credit. Also if your MAGI is low enough to can get a cost-sharaing plan that will cover more of your medical bills which you're more likely to inc...
by furwut
Sun Aug 02, 2015 7:48 pm
Forum: Investing - Theory, News & General
Topic: [How often do you check on your investments?]
Replies: 43
Views: 2157

Re: Checking Investments

Varies from once a week to once a month. How often do I need to? Probably once or twice a year.
by furwut
Sun Aug 02, 2015 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard Have It's Own Stock?
Replies: 6
Views: 1002

Re: Does Vanguard Have It's Own Stock?

T. Rowe Price is publicly traded.
by furwut
Sun Aug 02, 2015 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion directly from 401K to Roth IRA?
Replies: 19
Views: 853

Re: Roth conversion directly from 401K to Roth IRA?

Thanks Alan. So excepting being one less transaction step is there any other advantage of a direct rollover to a Roth IRA from a retirement plan? A reason for asking is that plan administrators are familiar with rollover to traditional IRAs and custodians are fine with Roth conversions. So a 2-step ...
by furwut
Sun Aug 02, 2015 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Is Is Wise Not To Factor Social Security/Medicare Into Your Retirement Plans?
Replies: 20
Views: 1638

Re: Is Is Wise Not To Factor Social Security/Medicare Into You Retirement Plans?

is it a wise idea not to factor in Social Security and Medicare into our retirement plans since those programs may or may not be there by then? I think it unwise. These programs are essential for most retirees. To ignore their contribution could lead one to make poor decisions with their other asse...
by furwut
Sun Aug 02, 2015 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion directly from 401K to Roth IRA?
Replies: 19
Views: 853

Re: Roth conversion directly from 401K to Roth IRA?

You are not required to take your 401k RMD if you are still working but if you do take money out the RMD amount has to come first before you can roll any additional money into a Roth. At least that is my non-expert interpretation. If someone knows for sure we can hope they jump in. A very interesti...
by furwut
Sun Aug 02, 2015 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion directly from 401K to Roth IRA?
Replies: 19
Views: 853

Re: Roth conversion directly from 401K to Roth IRA?

Lynette wrote:
I have no money in my IRAs at the moment. If I moved the money there for a few weeks prior to moving it to a Roth IRA, this might not trigger RMDs. I think that one only has to pay RMDs on the December 31 balance of the previous year - zero in my case.


This was my thought as well.
by furwut
Sun Aug 02, 2015 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion directly from 401K to Roth IRA?
Replies: 19
Views: 853

Re: Roth conversion directly from 401K to Roth IRA?

This link says yes. But will your plan administrator cooperate? The benefits of owning a Roth IRA are quite clear; among them are the tax-free growth of assets and the ability to stretch distributions over one's lifetime. But did you know that you may qualify for a Roth conversion directly from your...
by furwut
Sun Aug 02, 2015 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion directly from 401K to Roth IRA?
Replies: 19
Views: 853

Re: Roth conversion directly from 401K to Roth IRA?

I think you'll have to ask your plan specialist. While you've got them on the phone ask if your 401k plan has a Roth option and allows in-plan conversions.
by furwut
Sat Aug 01, 2015 4:17 pm
Forum: Personal Consumer Issues
Topic: Prepaid Cell Plan USA
Replies: 30
Views: 2808

Re: Prepaid Cell Plan USA

I have a H2O Wireless Pay As You Go plan for $10/mo ($9 after 10% automatic billing discount). That works out to 200 minutes/mo if my rusty math is correct. Even better any unused balance rolls over for 90 days. I do have a smartphone but I keep the cellular data function off. A possibly better plan...
by furwut
Sat Aug 01, 2015 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Majority of units in my condo assoc are owned by investors. Is this bad?
Replies: 21
Views: 2161

Re: Majority of units in my condo assoc are owned by investors. Is this bad?

Yes - this is not good. Another "problem" this can lead to is if/when rental (non-resident) limits are set (to try to solve this problem) a resident owner who wants or needs to rent that unit (for example an out of area job assignement for a year or two) - then he/she is not allowed to do...
by furwut
Sat Aug 01, 2015 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Best use of early retirement (low income) years?
Replies: 15
Views: 1561

Re: Best use of early retirement (low income) years?

Too much uncertainty ... Due to the uncertainty principle my inclination is to: 1) First claim the ACA premium tax credit. MONEY IN HAND. 2) Harvest capital gains to support my modest spending needs. TAXES AVOIDED TODAY. 3) Defer Roth conversions until age 65 - probably will just withdraw and spend...
by furwut
Sat Aug 01, 2015 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA and 401K
Replies: 4
Views: 316

Re: Traditional IRA and 401K

With OP's original question answered should we venture to inquire why he uses Roth instead of Traditional?

Traditional versus Roth
by furwut
Sat Aug 01, 2015 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation - tax on payouts?
Replies: 14
Views: 1190

Re: Deferred Compensation - tax on payouts?

Some food for thought. Certain deferred compensations plans have rules for payroll taxes that can result in these taxes being due when the compensation is paid. ... You also mentioned that while working, you always earned more than the Social Security wage base, so had you not deferred, this income ...
by furwut
Sat Aug 01, 2015 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Majority of units in my condo assoc are owned by investors. Is this bad?
Replies: 21
Views: 2161

Re: Majority of units in my condo assoc are owned by investors. Is this bad?

I own and live in a condo that recently faced this issue. After much debate over 2 - 3 years we finally were able to pass an amendment to the bylaws restricting the ability of future owners from renting if a certain owner-occupied ratio wasn't met. The first goal was to get the the FHA 50% limit. Af...
by furwut
Sat Aug 01, 2015 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Best use of early retirement (low income) years?
Replies: 15
Views: 1561

Re: Best use of early retirement (low income) years?

letsgobobby wrote:During this period 2 common tactics are to convert traditional to Roth accounts, and to tax gain harvest in the 15% or lower tax bracket (so 0% tax rate on long term capital gains).



A third is managing income so as to qualify for premium tax credits for the purchase of health insurance.
by furwut
Sat Aug 01, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Out of debt - save for a new car?
Replies: 5
Views: 466

Re: Out of debt - save for a new car?

$10,000 sounds be a bit light on the emergency fund. Rule of thumb is 6 months of expenses. It doesn't all have to be in a low paying savings account however. Here is the wiki on Emergency funds . No workplace based retirement plan (e.g., 401k)? If you do have one and it gives a match that should be...
by furwut
Sat Aug 01, 2015 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Dilemma
Replies: 6
Views: 748

Re: Health Insurance Dilemma

My strategy is use the previous years health expenditure to guide my decision. But that's just for me with, so far, a predictable health course. A wife and 3 young kids I guess expenses may vary widely from year to year. All policies have max OOP limits for covered care. An analysis technique I've s...
by furwut
Sat Aug 01, 2015 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Out of debt - save for a new car?
Replies: 5
Views: 466

Re: Out of debt - save for a new car?

You'll get a better answer if you share more of your financial details - Asking Portfolio Questions.

Do you have an emergency fund?
Are you contributing to a retirement plan - at least up to the maximum match?
by furwut
Fri Jul 31, 2015 9:22 pm
Forum: Personal Consumer Issues
Topic: Retirees: Questions you hate being asked
Replies: 117
Views: 11235

Re: Retirees: Questions you hate being asked

My pet peeve is: "what do you do all day?" I get a slight variation - "What did you do today?". The persons asking me this (all still working) were never inquisitive about how I spent my time while I was working. If I give them some answer they'll commonly respond with "and...
by furwut
Fri Jul 31, 2015 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 38
Views: 1999

Re: COBRA Vs ACA after job loss and move

Tanelorn I can't help but feel you are viewing things through a political lens. Suffice to say that not every employer plan is great(I've had both good ones and bad ones in my working life) and that not every exchange plan is crap. As in all things the devil is in the details and OP has to look unde...
by furwut
Fri Jul 31, 2015 7:12 pm
Forum: Personal Consumer Issues
Topic: Netflix DVD delivery slowdown?
Replies: 138
Views: 25239

Re: Netflix DVD delivery slowdown?

There was an article in the nytimes recently about how Netflix is upgrading its DVD processing. Yeah - I was going to post & link the article to this thread but got distracted. For this thread I think the interesting take-away was that Netflix has consolidated shipping centers. So that could be...
by furwut
Fri Jul 31, 2015 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 38
Views: 1999

Re: COBRA Vs ACA after job loss and move

The ACA doesn't require the plan have good doctors, short waiting lists, or widely available coverage. In practice, most group employer plans have these things and many ACA exchange plans do not. There is nothing unique about employer plans continued under COBRA. Some plans offered by an employer a...
by furwut
Fri Jul 31, 2015 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 38
Views: 1999

Re: COBRA Vs ACA after job loss and move

My thoughts on the OPs situation is that for a transitional situation that, unless you know you are going to require medical services, the cheaper policy makes financial sense - provided you have the emergency funds to cover higher deductibles should a crisis arise.

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