Search found 46 matches

by steve.s
Sun Jul 12, 2015 2:20 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 194
Views: 16857

Re: OPM breach and credit freeze

+1 on skipping the CSID service. I don't my information any more places than it absolutely HAS to be, and don't want to risk it ALL being stored on ONE systems that gets hacked. From what I have seen, the service that CSID is offering is nothing more that what I can do for myself.
by steve.s
Mon Jun 22, 2015 9:17 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 194
Views: 16857

Re: OPM breach and credit freeze

OldGuy, I haven't received any notice yet either, so I would guess that it's only because OPM hasn't determined whether your information was been compromised ... yet. Given the apparent extent of the data loss, I wouldn't wait for notification and would take proactive action to protect your credit -...
by steve.s
Mon Jun 22, 2015 9:07 pm
Forum: Personal Consumer Issues
Topic: Identity Theft Risk?
Replies: 3
Views: 766

Identity Theft Risk?

A question that comes to mind in view of some other threads on ID theft. With all the birthday wishes here, are we jeopardizing the person whose birthday is being celebrated? The announcement identified the month/day and other resources make it relatively easy to figure out the year. Name and birthd...
by steve.s
Mon Jun 22, 2015 1:07 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 194
Views: 16857

Re: OPM breach and credit freeze

Victoria, Thanks for starting this thread and keeping us on-topic Sorry about falling off-topic emotionally. I need to correct something I said before. I said that Equifax wouldn't do anything online - I goofed, it was Experian. Equifax was very responsive online. And, when I looked at the opening p...
by steve.s
Sun Jun 21, 2015 7:07 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 194
Views: 16857

Re: OPM breach and credit freeze

Victoria, I don't know the answer to your question. Given that I was able to successfully access my account, it appears the fundamental recommendation made by the OPM IG (to lock the network down) has NOT been done. Hopefully, those who had access have been kicked off the system and replaced by more...
by steve.s
Sun Jun 21, 2015 6:44 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 194
Views: 16857

Re: OPM breach and credit freeze

Here's a thought on the medical ID protection front: Apparently Medicare cards will change soon so that they stop using our SSNs as the Medicare number (FINALLY!) When I have been asked by medical offices for my SSN, my response is "I am not on Medicare and do not wish to use my SSN as my ID in...
by steve.s
Sun Jun 21, 2015 6:35 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 194
Views: 16857

Re: OPM breach and credit freeze

@HueyLD I wasn't asked any ID verification questions, just straight to the "we don't provide that service online" page that included a complete letter to send in. No options were provided on their website for direct phone contact - maybe I didn't dig deeply enough, but note that I was hand...
by steve.s
Sun Jun 21, 2015 5:19 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 194
Views: 16857

Re: OPM breach and credit freeze

I am a retired Fed and haven't (yet) received any notification from OPM. That said, I didn't wait; I locked down three family members credit reports (Mom, Wife, me), which, by the way is an interesting challenge. One of the credit bureaus (Equifax IIRC) does not do anything online. They say it's for...
by steve.s
Sun Mar 29, 2015 9:44 am
Forum: Investing - Help with Personal Investments
Topic: My deployed soldier is coming home!
Replies: 24
Views: 2996

Re: My deployed soldier is coming home!

As I understand it, he could have been sending money tax free to the TSP (military 401k like plan) while deployed. That way, the money goes in tax free and comes out tax free. It is hard to imagine he is not aware of that. Thank him for his service. Welcome home. As a retired fed, a few points on t...
by steve.s
Mon Dec 08, 2014 8:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Baltimore/Southern PA Bogleheads
Replies: 30
Views: 4393

Master Thread for Baltimore/Southern PA Bogleheads

The DC chapter's move to NOVA makes it too far/too much time to participate.
I've noticed someone in the NE corner of the Maryland looking for a chapter.
Anyone in the Baltimore/Westminster/Frederick area interested in forming a chapter?
by steve.s
Thu Dec 04, 2014 9:15 pm
Forum: Personal Consumer Issues
Topic: 2012 Honda Pilot Tranny Fluid Change?
Replies: 23
Views: 3435

Re: 2012 Honda Pilot Tranny Fluid Change?

My mechanic recommends a transmission fluid service every 30K miles for all automatic transmissions. His service is a complete exchange via the coolant lines, not a drain & fill (which only gets about a third of the fluid). Given the cost of a replacement transmission (when the croak, they aren'...
by steve.s
Mon Jun 02, 2014 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 16952

Re: The in-laws are broke!

Wow! At least you know what the grandparents are/are not doing. In our case, MIL would not share any financial info (she was a "depression child" and wouldn't discuss money). When she passed, we discovered she hadn't filed income taxes for 8 years, had frequently let utilities lapse until ...
by steve.s
Fri Apr 04, 2014 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for 2013 - taxes already filed
Replies: 11
Views: 1028

Re: Roth IRA for 2013 - taxes already filed

Hmm, I don't think you can open any IRA for 2013 after you have filed for 2013.
by steve.s
Thu Mar 20, 2014 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Max TSP or Diversify Elsewhere?
Replies: 21
Views: 3582

Re: Max TSP or Diversify Elsewhere?

Barry, I would keep increasing the TSP until you max out as this reduces your AGI and taxes. IMHO the L funds allocate too much in the F fund - I would "roll my own" L fund but only use the G fund for the bond allocation. Once you reach the TSP max, then add the backdoor Roth for more inte...
by steve.s
Thu Mar 20, 2014 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 86
Views: 16393

Re: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT

I mailed my check on 3/10 and haven't heard anything yet. Is the Treasurer still away on vacation/trip? Thanks Steve
by steve.s
Sun Mar 09, 2014 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2171

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Debrajo, As a retired CSRS-er, here are a couple thoughts: I believe you can contribute more to your TSP if you can afford it. The 2014 limits are: Basic $17500 Catchup $5500 Total $23000 Keep in mind that you can contribute part/all of your TSP to a Roth TSP - you lose the deduction but gain TAX-FR...
by steve.s
Fri Feb 14, 2014 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help Rebalancing 401k w/ Index Funds
Replies: 7
Views: 744

Re: Help Rebalancing 401k w/ Index Funds

Note that the TRP Spectrum Income Fund is a fund of funds - which means you get hit with two levels of expenses, the first for Spectrum Income, the second for the funds it holds (Yikes!). Been there, done that, got the t-shirt :oops:
by steve.s
Wed Jan 29, 2014 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Annual gifting to children
Replies: 30
Views: 3069

Re: Annual gifting to children

As a recipient of similar parental gifts, your kids will greatly appreciate your thoughtfulness (I know I sure do!). A few things to consider: 1. Are your IRAs your only source of income? 2. Do you both have IRAs or is this to be from one earner's IRA 3. Do you have taxable resources that you could ...
by steve.s
Tue Jan 28, 2014 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance, Cap Gains Tax question
Replies: 20
Views: 1618

Re: Inheritance, Cap Gains Tax question

None of this is germane to my initial question of if/how to handle the capital loss associated with the sale of the house. The house was owned by the estate and sold by the estate. The sale should be reported by the accountant for the estate on the estate income tax return Form 1041. Since a benefi...
by steve.s
Tue Jan 28, 2014 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance, Cap Gains Tax question
Replies: 20
Views: 1618

Re: Inheritance, Cap Gains Tax question

So livesoft's question and the OP's response spurred a question of my own. Are executors allowed to allocate/distribute capital gains to take advantage of certain beneficiaries' lower tax rates? In other words lets say after liquidation of certain stock the estate is worth 100k, 10k of which is capi...
by steve.s
Mon Jan 27, 2014 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance, Cap Gains Tax question
Replies: 20
Views: 1618

Re: Inheritance, Cap Gains Tax question

The stocks were distributed in increments over several years (the probate lawyer's approach), ... So has the estate been in existence from 2008-2013? Was the probate lawyer filing tax returns for the the estate all those years? Were the heirs getting K-1s for all the dividends paid by the unsold st...
by steve.s
Mon Jan 27, 2014 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance, Cap Gains Tax question
Replies: 20
Views: 1618

Re: Inheritance, Cap Gains Tax question

IMHO, the probate lawyer and his staff are saints and earned every penny working this estate. Perhaps so, but do you know how much the estate was charged every year? What if it was 5% per year? How much were those folks paid? If they had sold all stocks and given them to heirs in 2009 and you inves...
by steve.s
Sun Jan 26, 2014 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance, Cap Gains Tax question
Replies: 20
Views: 1618

Re: Inheritance, Cap Gains Tax question

My understanding is that your main home gets no cap gains or losses, but your second home is fair game. I think calling the IRS is free and a lot safer than asking the folks here. I believe that you get an exemption on the first chunk (250K for a single/500K for married couple) of gain on your prim...
by steve.s
Sun Jan 26, 2014 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance, Cap Gains Tax question
Replies: 20
Views: 1618

Re: Inheritance, Cap Gains Tax question

I'm curious -- why did the probate lawyer hold onto a portion of the stocks for such a long time? Five years seems unreasonable. Was there a financial incentive for him/her to drag the process out? The stocks were the only liquid asset and were retained to pay the expenses (property taxes, estate a...
by steve.s
Sun Jan 26, 2014 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance, Cap Gains Tax question
Replies: 20
Views: 1618

Re: Inheritance, Cap Gains Tax question

The stocks were distributed in increments over several years (the probate lawyer's approach), ... So has the estate been in existence from 2008-2013? Was the probate lawyer filing tax returns for the the estate all those years? Were the heirs getting K-1s for all the dividends paid by the unsold st...
by steve.s
Sat Jan 25, 2014 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance, Cap Gains Tax question
Replies: 20
Views: 1618

Re: Inheritance, Cap Gains Tax question

No, the house was occupied by my wife's sibling (who had never lived anywhere else) at no rent. He paid all the expenses for maintenance. Are you saying that my BIL can't take his share of the loss but we could?
by steve.s
Sat Jan 25, 2014 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance, Cap Gains Tax question
Replies: 20
Views: 1618

Inheritance, Cap Gains Tax question

I think I know the answer to this but would appreciate a confirmation. Mother-in-law passed away in 2008 leaving an estate that consisted of her house and an investment account with multiple stocks and money market. The house was appraised for the estate and the stock value/prices are known. The est...
by steve.s
Fri Dec 20, 2013 5:29 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 12 VIDEOS
Replies: 60
Views: 8870

Re: BOGLEHEADS 12 VIDEOS

Thanks for these videos! Was Gus Sauter's presentation recorded, and if so, will it be posted?

Steve
by steve.s
Mon Oct 28, 2013 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Contribution or Roth Conversion
Replies: 20
Views: 942

Re: IRA Contribution or Roth Conversion

Let me report back for the benefit of the lurkers. I ran the numbers through TurboTax2012 using the 2013 earnings and pensions, and using 2012's numbers + 2% for investment income (dividends, interest, cap gains). The resulting AGI ends up below the cut-off for a deductible IRA or the Roth! A direct...
by steve.s
Mon Oct 28, 2013 9:17 pm
Forum: Forum Issues and Administration
Topic: A login button on home page?
Replies: 7
Views: 1243

Re: A login button on home page?

Ahhh. Ok, thanks for the clarification.
by steve.s
Mon Oct 28, 2013 11:43 am
Forum: Investing - Help with Personal Investments
Topic: IRA Contribution or Roth Conversion
Replies: 20
Views: 942

Re: IRA Contribution or Roth Conversion

Bob, I hadn't thought of that option because we couldn't in 2012 - MAGI was $190K. This year the MAGI down to ~$164K (using 2012 dividend and cap gain numbers), so it appears we might be able to go straight to the Roth. Thanks for pointing out an option I hadn't considered. :oops: Since I have the e...
by steve.s
Mon Oct 28, 2013 11:31 am
Forum: Forum Issues and Administration
Topic: A login button on home page?
Replies: 7
Views: 1243

Re: A login button on home page?

A follow-up question related to the login link on the wiki homepage.
When I tried to login there, it did not recognize my forum id.
Do I need a separate wiki id?

Steve
by steve.s
Mon Oct 28, 2013 11:19 am
Forum: Investing - Help with Personal Investments
Topic: IRA Contribution or Roth Conversion
Replies: 20
Views: 942

Re: IRA Contribution or Roth Conversion

All, Thanks! I really appreciate all the inputs from the group. I'll take a while to read and digest all the good info presented. In response to a number of clarifications requested: State of residence is MD State and county tax rate is 8.4% Federal bracket before any conversion (based on $164K MAGI...
by steve.s
Sun Oct 27, 2013 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Contribution or Roth Conversion
Replies: 20
Views: 942

Re: IRA Contribution or Roth Conversion

BL, I believe you have the Roth contribution limits correct. Our MAGI will exceed $175K this year and next with the earned income, so a direct Roth contribution isn't allowed. The size of our current traditional and rollover IRAs complicate the "backdoor" Roth approach, hence the thinking ...
by steve.s
Sun Oct 27, 2013 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Contribution or Roth Conversion
Replies: 20
Views: 942

IRA Contribution or Roth Conversion

I have a decision to make. I am retired Fed (age 63) with a good pension with an inflation adjusted COLA (altho this year's COLA is only 1.5%), no Social Security, and a traditional IRA of ~$110K and a rollover IRA of ~$500K. My spouse is also a retired Fed (age 62) with the same pension arrangement...
by steve.s
Tue Jun 04, 2013 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA question
Replies: 8
Views: 698

Re: Traditional IRA question

Brian, If I understand the "rules of aggregation" for a Roth conversion, the entire TIRA (non-deductible, deductible, rollover) is taken as a single lump sum and the relative percentages each represent are applied to the amount converted. If I wanted to convert the entire non-deductible am...
by steve.s
Tue Jun 04, 2013 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA question
Replies: 8
Views: 698

Re: Traditional IRA question

AlanS. True. And it would have been way simpler if I had done the Roth conversion before I rolled my 401k into a rollover IRA. It doesn't make financial sense to convert now. I'll probably put the non-deductible money on one category, the deductible money in another, and diversify the rollover. That...
by steve.s
Mon Jun 03, 2013 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: bonds for a taxable retirement account
Replies: 6
Views: 1752

Re: bonds for a taxable retirement account

Um, my MD marginal rate is 8.2% (5% base plus 3.2% county), so be mindful of even higher state tax rates.
by steve.s
Mon Jun 03, 2013 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA question
Replies: 8
Views: 698

Re: Traditional IRA question

All,

Thanks, especially for the link to the other discussion - I'm learning (quickly) how to search these forums for nuggets like that.

Steve
by steve.s
Mon Jun 03, 2013 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie 401K Advice Needed
Replies: 43
Views: 4384

Re: Newbie 401K Advice Needed

20Dukes11, I'm not sure I'd reduce my 401k contribution just because of non-optimal options. Most 401k's have a few clunkers and you just avoid them. Keep in mind that the 401k contribution is deductible and reduces your current taxable income, while the Roth IRA is not deductible and does not reduc...
by steve.s
Mon Jun 03, 2013 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA question
Replies: 8
Views: 698

Traditional IRA question

All, Sorry for a newbie question, but here goes. Over the years I have contributed to a variety of traditional IRA types - deductible and nondeductible (I'm not counting the rollover from my 401K). I was a good taxpayer and kept the nondeductible money separate from the deductible and filed the requ...
by steve.s
Wed May 15, 2013 9:04 pm
Forum: Investing - Theory, News & General
Topic: Do I need to file Form 5498 for 2012 (just got it...)?
Replies: 7
Views: 551

Re: Do I need to file Form 5498 for 2012 (just got it...)?

Hopefully it states clearly on the form that it doesn't need to be filed.
Mine from another fund house makes that obvious.
by steve.s
Wed May 15, 2013 8:07 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEADS 12 ANNOUNCEMENT
Replies: 92
Views: 22978

Re: BOGLEHEADS 12 ANNOUNCEMENT

Any spots available?

Are books available for purchase onsite or do we need to purchase elsewhere and bring along?

Thanks

Steve
by steve.s
Wed Apr 10, 2013 9:33 pm
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 296
Views: 149642

Re: Suggestions for the Wiki

That is how I thought (and expected) the rollover TSP to be treated.
Yes, I have a stack of 8606s. Thanks!
by steve.s
Tue Apr 09, 2013 9:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 296
Views: 149642

Re: Suggestions for the Wiki

I understand (and have) rolled my TSP to a Rollover IRA. My question relates to the Roth Conversion (I haven't read the article yet will, but will when I complete this reply). I want to do some advance planning for a Roth Conversion, so as to not cross into the next higher tax bracket among other th...
by steve.s
Thu Apr 04, 2013 3:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 296
Views: 149642

Re: Suggestions for the Wiki

I am new and not finding any discussion on the relationship of a Rollover IRA (from the USG TSP) to the Traditional to Roth IRA conversion process.
Any pointers, or if needed, additions to the Roth conversion wiki, would be appreciated. Thanks!

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