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Re: Interesting data on large ("Romney size") IRAs

He certainly gamed the contribution limits. Next question is to what end? At the time the size of his IRA was revealed didn't Romney state that his eventual purpose was to pass it on to his heirs? For someone of his wealth estate taxes will be large. Is an IRA included in the valuation of the estate...
by furwut
Sat Sep 20, 2014 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: Interesting data on large IRAs
Replies: 14
Views: 1226

Re: So what the benckmark SWR for a 25 year retirement?

So if 4% is the benchmark for planning purposes for a 30 year retirement ... In any event the classic 4% rule should be used as a starting point and not the final determiner. Wade Pfau, among others, have raised legitimate concerns that this rule, going forward, may not hold given our current marke...
by furwut
Sat Sep 20, 2014 10:00 am
 
Forum: Investing - Help with Personal Investments
Topic: So what the benckmark SWR for a 25 year retirement?
Replies: 13
Views: 721

Re: The Roosevelts, PBS special

I have a "Smart TV" with a Web Browser and I just pulled up this series and can stream it. I would imagine that Chromecast is nothing more than a Web Browser. Correct? Chromecast is a HDMI dongle that plugs into the back of your TV. It connects to a wireless network and you can use apps l...
by furwut
Thu Sep 18, 2014 7:01 pm
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 83
Views: 5729

Re: The Roosevelts, PBS special

Leesbro63 wrote:I recorded it. Correct me if I am wrong...I got 30 minutes of actual Roosevelt show, and 15 minutes of how great Ken Burns is and 15 more of PBS begging. Am I missing something?


Yup. Each episode is 2 hours. Your timing must have been off. Seems like you got 1/2 hour of promo talk.
by furwut
Mon Sep 15, 2014 5:37 pm
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 83
Views: 5729

Re: The Roosevelts, PBS special

You can stream all the episodes from PBS thru 9/28. I just got an Apple TV this weekend so I'm looking forward to using the AirPLay feature to throw the stream from my iPad onto my TV. It gets me a much better picture than me just watching the scheduled broadcast through Comcast. Comcast will only g...
by furwut
Mon Sep 15, 2014 5:35 pm
 
Forum: Personal Consumer Issues
Topic: The Roosevelts, PBS special
Replies: 83
Views: 5729

Re: Need advice on which tablet to buy

If you like your original iPad, I would recommend just buying a new iPad. Agree. My sister has been a big Kindle fan. Has bought just about every single model that has ever come out (they are stacked around the house like kindling!). Buys them as Christmas gifts for others. Then she bought my niece...
by furwut
Fri Sep 12, 2014 5:51 pm
 
Forum: Personal Consumer Issues
Topic: Need advice on which tablet to buy
Replies: 44
Views: 2551

Re: Is there a "catch" in this Xfinity offer ?

So now I just have my bank autopay this bill, which I hate to do and which I don't get credit card rewards for.


And it saves Comcast the merchant transaction fee. There is method to their maddening behavior.
by furwut
Fri Sep 12, 2014 4:00 pm
 
Forum: Personal Consumer Issues
Topic: Is there a "catch" in this Xfinity offer ?
Replies: 23
Views: 1595

Re: Electronic rent payments

I have my checking account at Fidelity I took a look at Fidelity Cash Management FAQ's https://www.fidelity.com/cash-management/faqs-move-money This requirement, I think, prevents you linking your girl friends' account to yours: At least one common name must match exactly between your Fidelity acco...
by furwut
Fri Sep 12, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Electronic rent payments
Replies: 15
Views: 1309

Re: Electronic rent payments

Many banks support person to person electronic transfers. For example check out Capital One 360.

http://youtu.be/iOpZap6mxzA
by furwut
Thu Sep 11, 2014 11:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Electronic rent payments
Replies: 15
Views: 1309

Re: 50 year old looking for retirement advice & help...

You should try to increase your savings rate above and beyond the limit of your retirement accounts. Take a look at some of the articles Wade Pfau has written on Save Savings Rate. He's developed a methodology to guide one in determining if they are saving enough.
by furwut
Wed Sep 10, 2014 12:41 am
 
Forum: Investing - Help with Personal Investments
Topic: 50 year old looking for retirement advice & help...
Replies: 15
Views: 2000

Re: So far, so good? Vanguard Total International Bond

Hmmm .. How about 1 year does not a winner make?

In my very limited world knowledge I'd say that the risks of lending ex-US is higher therefore we shouldn't be surprised that it international has outperformed *this year*.
by furwut
Fri Sep 05, 2014 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: So far, so good? Vanguard Total International Bond
Replies: 44
Views: 3848

Re: 1.99% Unsecured "AnythingLoan"

is them asking for a credit card number versus social a location specific thing? I went through the application and filled in a bunch of junk just to see what info they ask. They are asking my social on the personal information page and I do not see where they are asking for CC# at all. I'm in CA. ...
by furwut
Fri Sep 05, 2014 2:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 48
Views: 4958

Re: 1.99% Unsecured "AnythingLoan"

@Prf2009a In the loan documentation/contract is there anything about how a default is handled? In particular I'm wondering if they have the ability to charge your credit card for a missed payment? It's curious that their online process asks for a credit card number rather than a social security numb...
by furwut
Fri Sep 05, 2014 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 48
Views: 4958

Re: Best tax return software for freelancer?

I agree that any of the 3 major tax software packages should be fine. Every year at tax time I read the various reviews and none has ever come away heads and shoulders above the rest. In some of the reviews the reviewer prepared their return using all 3 and got the identical results. TurboTax is pro...
by furwut
Fri Sep 05, 2014 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Best tax return software for freelancer?
Replies: 14
Views: 1242

Re: Best tax return software for freelancer?

TRUE STORY: In 2006, I was certain our return would be too complicated for tax software. We got married, each sold one house, one at a loss, one at a profit, bought a house together, continued one Sch C business, added a second Sch C business, had home offices in both previous homes, and then again...
by furwut
Fri Sep 05, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Best tax return software for freelancer?
Replies: 14
Views: 1242

Re: 1.99% Unsecured "AnythingLoan"

Although you state a loan purpose, they do not take anything as collateral. Indeed, after he applied, they never even asked to see a contract, inquired about the VIN number, or anything else. I can't imagine a bank running such a loose loan process - signs of a bubble????? Anyway, I tested out the ...
by furwut
Thu Sep 04, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 48
Views: 4958

Re: Capital Gains Tax

Removed answer.
by furwut
Sat Aug 30, 2014 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Tax
Replies: 3
Views: 519

Re: Wife was hit by car while riding on bicyle. Next Step?

Cyclist here. You want to obtain a copy of the police report ASAP. That will tell you whether the driver was found at fault or not. It will also contain any witness descriptions. Was your wife able to give a statement to the police officer at the scene (or later at the hospital)? Too often in bicycl...
by furwut
Wed Jul 09, 2014 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife was hit by car while riding on bicyle. Next Step?
Replies: 46
Views: 5699

Re: How to w/d from taxable until SS/RMD time gets here?

I find it interesting that no one has yet suggested that it should all be in cash, now, going forward. For safety... I'm an early retiree (age 52) and I'm considering laddering a combination of CD's/TIPS bonds to meet my essential needs until age 65 when I'll have a pension. Have to do more researc...
by furwut
Tue Jul 08, 2014 9:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 2139

Re: Made the $5 million club, but...

I guess much of that has to do with my job. I really dislike it and I'm burned out (I'm in advertising, a pressure-filled cauldron that's not kind to older people like me). Yet, living in New York City, I feel that even $5 million isn't nearly enough to retire on. (I can't leave the city due to eld...
by furwut
Mon Jun 16, 2014 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Made the $5 million club, but...
Replies: 43
Views: 7117

Re: Temporarily Dropping Car Insurance

If there's any possibility of you driving over the next few months you should retain your own insurance. You need the liability protection.
by furwut
Thu Jun 12, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Temporarily Dropping Car Insurance
Replies: 13
Views: 1230

ACA and Colonoscopy Costs

I have an ACA policy so it includes preventive care services at 100% such as a colonoscopy screening - I'm over 50. I've scheduled the procedure and visited the doctors office for an initial consultation. I received from my insurer an explanation of benefits statement with the office visit listed as...
by furwut
Wed May 21, 2014 2:09 pm
 
Forum: Personal Consumer Issues
Topic: ACA and Colonoscopy Costs
Replies: 6
Views: 685

Re: Hotel suggestions Washington,DC

Brand new convention center hotel Mariott Marquis just opened.

I've also have heard good things about the Fairfield Inn in DC.
by furwut
Sat May 17, 2014 8:36 pm
 
Forum: Personal Consumer Issues
Topic: Hotel suggestions Washington,DC
Replies: 32
Views: 2122

Re: Auto Insurance Personal Injury Protection?

$2500 is the LIMIT of the coverage not the cost. The cost should be around $25 for 6 months. If you already have good health insurance and an emergency fund to cover deductibles I don't see why you would would need this duplicative coverage*. *Though it also covers passengers so if you regularly tra...
by furwut
Sat May 10, 2014 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Personal Injury Protection?
Replies: 7
Views: 440

Re: Is 6 months of savings needed?

An emergency fund can also be used to cover major car repairs, appliance replacement or medical deductibles. In short you want some ready cash to handle any unexpected expense so you don't have to use expensive credit card loans. 6 months is just a rule of thumb. Some people choose to invest their e...
by furwut
Thu May 08, 2014 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is 6 months of savings needed?
Replies: 33
Views: 3717

Re: Beware Vanguard DOES NOT update all your account values

My 401k is with Vanguard and I've become accustomed to the fact that the plan's balances are not updated until the next day. The share prices are but the balances are not.
by furwut
Sat Apr 19, 2014 10:50 am
 
Forum: Investing - Theory, News & General
Topic: Beware Vanguard DOES NOT update all your account values
Replies: 56
Views: 5657

Re: Is it ever okay to use IRA to pay off student loan?

There is probably a scenario where this is so - but is that the case in your situation? You are thinking of raiding your retirement account to pay off a loan which suggests you have no other source of funds to do so. Might it be better to hold onto the IRA as an emergency fund and put more effort in...
by furwut
Fri Apr 18, 2014 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it ever okay to use IRA to pay off student loan?
Replies: 5
Views: 681

Re: Late Roth Contribution - have to amend taxes?

The only thing you have wrong here is that everyone with income (and under age 70.5) is eligible for a traditional, they just may not be eligible to deduct the contribution. Yes - thanks. She is covered by a pension plan at work and makes a good income so no deduction for a traditional contribution.
by furwut
Mon Apr 14, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late Roth Contribution - have to amend taxes?
Replies: 6
Views: 356

Re: Late Roth Contribution - have to amend taxes?

Be aware that Roth IRA has MAGI limits also. She needs to make sure that her income level permits Roth IRA contribution. Here's an IRS page showing 2013 MAGI limits for Roth IRA contributions: http://www.irs.gov/Retirement-Plans/Amount-of-Roth-IRA-Contributions-That-You-Can-Make-For-2013 If she pre...
by furwut
Mon Apr 14, 2014 4:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late Roth Contribution - have to amend taxes?
Replies: 6
Views: 356

Late Roth Contribution - have to amend taxes?

Quick question for a friend, She has already files her taxes for 2013 but didn't make an IRA contribution. Can she still do a Roth before 4/15 anyway - she doesn't qualify for the traditional. I googled a bit and it seems the answer is Yes - and with the Roth she wouldn't have to amend her tax filin...
by furwut
Mon Apr 14, 2014 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late Roth Contribution - have to amend taxes?
Replies: 6
Views: 356

Re: How to encrypt files for backup?

I use Evernote put for more secure storage I'm thinking along the lines suggested in this blog:

BoxCryptor vs. TrueCrypt: Securing Your Data in the Cloud
by furwut
Wed Apr 09, 2014 9:51 pm
 
Forum: Personal Consumer Issues
Topic: How to encrypt files for backup?
Replies: 22
Views: 1418

Re: Two Apartments, One FiOS Account

Another idea - Purchase and download content to an Apple iDevice and then stream that content to an Apple TV. But paying for FIOS and the paying Apple for the same content is not very Bolgeish. Cheaper is a Netflix DVD subscription and a DVD player. Cheaper still is what I'm doing right now which is...
by furwut
Fri Apr 04, 2014 6:16 pm
 
Forum: Personal Consumer Issues
Topic: Two Apartments, One FiOS Account
Replies: 15
Views: 1343

Re: Two Apartments, One FiOS Account

I'm thinking DVR like a TiVo. I know TiVo requires an internet connection to get its scheduling info. But once shows are recorded might they not be playable just connected to the TV in the "man cave".
by furwut
Fri Apr 04, 2014 5:34 pm
 
Forum: Personal Consumer Issues
Topic: Two Apartments, One FiOS Account
Replies: 15
Views: 1343

Re: Automobile Medical Payments

... he took medical payments coverage at either $5000 or $10,000. I told him my feeling that this coverage had little value for us, but that in his case I could see some value to it, due to his high deductible and the amount of driving he does due to his employment in the pizza delivery field. Some...
by furwut
Wed Apr 02, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Automobile Medical Payments
Replies: 21
Views: 1463

Re: Laid off today... TODO list?

Not for nothing, but it sucks when you get escorted out the door, and worse when security is doing it. Been there, know it's company protocol but it still not a happy feeing. I worked for a company whose policy was the moment you tendered a resignation armed security was called, you were escorted b...
by furwut
Wed Apr 02, 2014 6:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 12229

Re: Laid off today... TODO list?

A severance package is negotiable. Before you agree or sign anything figure out what your objective is. The company will want you to agree to a severance package to head off any potential age discrimination lawsuit. Since you are close to your planned retirement date some things I might try to get a...
by furwut
Wed Apr 02, 2014 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 12229

Re: renting out condo management fees

keith6014 wrote:
If I give it to a management agency, I was wondering if there are any gotchas. Do I have to worry about insurance, who sets the monthly price? How much liability will I have?


I think you also want a clear understanding of how they qualify rental candidates.
by furwut
Sun Mar 23, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: renting out condo management fees
Replies: 17
Views: 941

Re: Defined Benefit Pension Question

Taxation by state varies and is something every retiree needs to consider in their retirement planning.

Kiplinger's State By State Guide to Taxes on Retirees

edit: corrected link
by furwut
Sun Mar 23, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension Question
Replies: 8
Views: 587

Re: TurboTax defunct?

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by furwut
Mon Mar 17, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax defunct?
Replies: 15
Views: 1966

Re: Girlfriend is a HCE - Any options for sheltered accounts

I spent many years in the "HCE penalty box". Your GF's 2013 earnings will prevent her from fully contributing to the 401k for 2014. The good news is that it looks like for 2015 things should be back to normal in your case. In the meantime you could do a backdoor Roth as well as contribute ...
by furwut
Tue Mar 11, 2014 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Girlfriend is a HCE - Any options for sheltered accounts?
Replies: 12
Views: 1234

Re: Taxable Account prior to maxing out Tax-Advantaged Accou

A savings rate of 43% of gross income is not required to fund a retirement. Agree - but OP should think hard about where to accumulate their next dollar of savings while tax-advantaged space is still available. It is a balancing act between saving for retirement and spending on life's acquisitions....
by furwut
Thu Mar 06, 2014 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable Account prior to maxing out Tax-Advantaged Accounts?
Replies: 15
Views: 1065

Re: LifeLock

I think you can get equal protection with just implementing a credit freeze at each of the major bureaus.

http://www.nytimes.com/2014/02/11/your- ... c=rss&_r=1
by furwut
Thu Mar 06, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: LifeLock
Replies: 6
Views: 684

Re: Taxable Account prior to maxing out Tax-Advantaged Accou

I think some of the reasoning for always maximizing your tax-advantaged retirement plans first is the realization that adequately saving for retirement requires a high savings rate - high enough to always fill these accounts. Most people are not adequately saving for their retirement now - particula...
by furwut
Thu Mar 06, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable Account prior to maxing out Tax-Advantaged Accounts?
Replies: 15
Views: 1065

Re: washing machine - front loader or HE top loader?

I've owned a Frigidaire combo front loader washer/dryer for 5 years. No mildew issue here. After I'm done using the washer I take a rag and wipe up any remaining water in the door gasket. Then I leave the door ajar until next time. If you have small kids a front load washer may be a hazard. I think ...
by furwut
Tue Mar 04, 2014 11:13 am
 
Forum: Personal Consumer Issues
Topic: washing machine - front loader or HE top loader?
Replies: 52
Views: 4453

Re: Be careful with Turbotax [Importing data from Vanguard]

I had an issue last year with importing. In my case a 1099-R had a 0.00 entry that was significant but my have been suppressed during importation. The result was that a large IRA rollover was treated as taxable when it shouldn't have been.
by furwut
Sun Mar 02, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Be careful with Turbotax [Importing data from Vanguard]
Replies: 20
Views: 2733

Re: Early Retirement and ObamaCare

I am in a similar boat but I cannot do Reg IRA to Roth conversions because I thought they would put affect the level of my subsidies. Many of us early retirees are in the boat with you. Pre-ACA converting IRAs while remaining in a favorable tax bracket was standard strategy. Now with many of us hop...
by furwut
Fri Feb 28, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Early Retirement and ObamaCare
Replies: 26
Views: 2807

Re: best tips for passwords?

Another reason to store all your passwords using password manager software is to enable quick access to your accounts for your loved ones should you become indisposed.

A paper list is too easily lost, incomplete, or out of date. With a password manager all someone needs is your master password.
by furwut
Mon Feb 17, 2014 11:21 am
 
Forum: Personal Consumer Issues
Topic: best tips for passwords?
Replies: 141
Views: 10821

Re: Bunching Property Tax - when is it considered paid?

OP - were you able to find an answer to this question ? OP here. As the above discussion illustrates informed minds differ :!: In my case the payment WAS cashed by the tax office on 12/31. The next week I finally reached someone in the tax office and was told that the payment had been applied to my...
by furwut
Sat Feb 08, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Bunching Property Tax - when is it considered paid?
Replies: 39
Views: 2912

Re: Cars Are Expensive

Idealistically, I'd prefer to not own a car. Just walk and bike everywhere. Unfortunately, where I live isn't overly conducive to bike riding, but that doesn't have to stop me. The AAA calculates the cost of owning and operating a small sedan at $6000 to $8000 a year. Purchasing a used vehicle will...
by furwut
Sat Jan 18, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Cars Are Expensive
Replies: 20
Views: 2195

Re: Rolling an IRA back into a 401k

One possible reason not to is to retain the flexibility to invest in funds that aren't available to you in your 401k.

For example, many investors are not completely happy with the Total Bond fund.

But if you are satisfied with the 3-fund portfolio I can't see any other reason not to.
by furwut
Mon Jan 13, 2014 1:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Rolling an IRA back into a 401k
Replies: 3
Views: 266
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