Search found 794 matches

by Almost there
Sat May 19, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

Thank you wrongfunds for your straightforward input. I just ran the 1040 Tax Calculator again (https://www.mortgagecalculator.org). Below are the figures for RMD $16,750 + $10,000 TIRA conversion to Roth - second number is without TIRA/Roth conversion: Filing status: Single, no dependents RMD $16,75...
by Almost there
Thu May 17, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

So followed House Blend's advise and ran my 1040 Tax Calculator for 2018 again: Filing status: Single, no dependents RMD $16,750 + $10,000 TIRA conversion to Roth Tax-exempt interest $2,400 Ordinary dividends: $1,714 Qualified dividends: $834 Short term cap gain: $3 Long term cap gain: $75 Taxable I...
by Almost there
Thu May 17, 2018 4:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2015!
Replies: 248
Views: 46548

Re: Roll Call for the Retirement Class of 2015!

Hi Miriam2, Thank you so much for your kind words. You wrote: Woohoo!! A party retiree!! Dancing and partying with the rock 'n roll band till the wee hours of the morning "Life is great. Weather is perfect." Sounds like a fun retirement! Dancing: YES (and remembering all the words to the songs, but ...
by Almost there
Wed May 16, 2018 8:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2015!
Replies: 248
Views: 46548

Re: Roll Call for the Retirement Class of 2015!

My partner, who is still working (works from home and plans on retiring in 3.5 years), and I moved from NJ to AZ and truly like living in a 55+ community. Life has been great. Have met many people here in our community from all of the US and Canada. Keeping busy with exercising, playing pickle ball,...
by Almost there
Thu May 10, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

Thank you MathWizard for your help. You wrote: There is no "higher RMD". The RMD is the Minimum that is REQUIRED to be withdrawn (Distributed). You can have a higher Distribution, but the extra Distribution is not an RMD, because it is not required, and is not the Minimum. Poor choice of words on my...
by Almost there
Thu May 10, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

celia wrote: Almost there, if you tell us the amount of your entire expected SS for this year, we can tell you how close you are to having the entire 85% be taxed. We already know that the RMD will make some of it be taxed, so there is no choice in that. But to optimize Roth conversions (or even do ...
by Almost there
Thu May 10, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

Thank you for writing. Here is your answer House Blend. The software took into consideration the Social Security benefits for each case. I didn’t include in each of my 2 cases my Tax exempt interest dividend since it has never been added to my AGI before. Just went back 4 years with regard to Federa...
by Almost there
Wed May 09, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

The following info came from entering my 2018 tax info into the mortgagecalculator.org Filing status: Single, no dependents RMD $16,750 + $10,000 TIRA conversion to Roth Ordinary dividends 880 Short term cap gain 3 Long term cap gain 75 Taxable IRA distribution 26,750 RMD $16,750 + $10,000 TIRA conv...
by Almost there
Wed May 09, 2018 5:44 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

House blend wrote (and I thank you for your time): And neither qualified dividends nor "tax exempt" interest are tax free in your case, because you are in the middle of the SS tax hump. In fact, your marginal tax rate on both muni bond interest and qualified dividends is 0.85 * 12% = 10.2%. A test t...
by Almost there
Wed May 09, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Tax software
Replies: 17
Views: 1123

Re: Tax software

FiveK wrote: Assuming MFJ with both age 65 or older and no state tax, your rates on tIRA withdrawals would be based on the personal finance toolbox spreadsheet. And yes, ~$7800 tax for $70K withdrawal. How did you arrive at the $7,800 tax for $70,000 withdrawal? I could not understand your spreadshe...
by Almost there
Mon May 07, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

Thank you celia for your in depth explanation and stating that it is preferable, “…. to withdraw from a IRA stock fund and have the stock fund happen in taxable.” The money will grow in my taxable stock fund account and I would, “… pay taxes only on dividends each year…” I would withdraw from a stoc...
by Almost there
Sat May 05, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tax software
Replies: 17
Views: 1123

Re: Tax software

hoops777:
try this website. It helped me.

https://www.mortgagecalculator.org/calc ... ulator.php
by Almost there
Sat May 05, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 federal tax calculator
Replies: 12
Views: 2105

Re: 2018 federal tax calculator

PatrickScott wrote: For our simple tax return (retired, age 71+, pension, SS, a few dividends, IRA's, no kids, no pass-thru calcs, etc.) this 2018 calculator is exactly what I was looking for. Thanks! I tried some of the other online calculators/spreadsheets but they were too convoluted for our mode...
by Almost there
Fri May 04, 2018 7:34 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

Hi The Wizard, In the meantime I found a post here on Boglehead about RMDs and Roth IRA conversions from Michael Kitces:(dated: 11/29/17) Those who are subject to RMD must take RMD first before doing any Roth conversions. The RMD cannot be converted to Roth. Checked my probable 2018 taxes on: https:...
by Almost there
Thu May 03, 2018 9:22 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

Thanks, The Wizard. Does Vanguard handle the whole transfer, which I recognize is separate from my RMD?
In the meantime I will run another scenario to check in the advance how much it'll cost me on taxes.
by Almost there
Thu May 03, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

Thank you Spirit Rider who wrote: If you have no need for the higher distribution, why not do Roth conversions. With the same amount, the taxes would be exactly the same. Just remember that the actual RMD is not eligible for rollover. I would think that a Roth conversion would be higher taxes than a...
by Almost there
Thu May 03, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

Thank you 123. I am in the 12% tax bracket. I just ran a simulated 2018 tax calculation (my third one) and they all indicated that I would owe approximately $800 in taxes (I have no taxes taken out of my Social Security payments). You also brought up the point, as did Spirit Rider, to take money out...
by Almost there
Thu May 03, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Re: Questions about RMDs

Spirit Rider wrote: There is no real benefit to distributing more than the RMD if you are not even spending the RMD. Also, I don't understand why you would invest most of the RMD in one tax exempt bond fund to distribute funds from another tax exempt bond fund or worse a Roth IRA. I had written that...
by Almost there
Mon Apr 30, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 36
Views: 4243

Questions about RMDs

Still single and just turned 70. End of November I will start my RMD from the funds held at Vanguard. Is it wise to take out more than 3.65% this year so that my IRA A/C shrinks faster? It also makes sense to me to take the RMD from my Total Bond fund to allow for continued growth of my Total Stock ...
by Almost there
Wed Apr 18, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 15
Views: 2197

Re: Best Available 2018 tax estimator

Thank you boglesmind for recommending the "Mortgage Calculator". That worked out perfect for me.
by Almost there
Sun Apr 15, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software problem
Replies: 16
Views: 1404

Re: H&R Block software problem

Good luck.
I did write to HR about the problems I encountered. Hopefully I won’t see them again next year.
by Almost there
Sun Apr 15, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block software problem
Replies: 16
Views: 1404

Re: H&R Block software problem

Runner540 wrote: I am also using HR Block and my efile was rejected: the issue with spouse's AGI/PIN number. It has the correct amount for both of us on the HR block PDF form, and I used the same 5-digit numbers we had for 2016. Where did you see it in the web forms, and how did you access it to "ov...
by Almost there
Sun Apr 08, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 57
Views: 11774

Re: Best "investment tip" I have gotten from Bogleheads

Kennyt7 wrote:
seltzer maker, refilling canon cartridges for my copier(anyone can learn to refill them or others), buying certified used cars off lease
Looking to purchase a seltzer maker. Which one did you purchase? Are you still happy with it?
by Almost there
Sun Feb 25, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software problem
Replies: 16
Views: 1404

Re: H&R Block software problem

Thank you GerryL.
My partner and I use the same H&R version. His 2016 AGI was there and correct.
by Almost there
Sun Feb 25, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software problem
Replies: 16
Views: 1404

Re: H&R Block software problem

vtMaps wrote:
Why would you want to import your 2016 AGI into your 2017 tax return?
I didn't write to import the 2016 AGI. The software requested the info in order to verify who you are. Both the AGI and pin number.
by Almost there
Sun Feb 25, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software problem
Replies: 16
Views: 1404

Re: H&R Block software problem

Kenkat, I understand. Truly.
Wrote to H&R about it so they are aware of it for next year.
by Almost there
Sun Feb 25, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software problem
Replies: 16
Views: 1404

H&R Block software problem

Had the following two problems that I want others to be aware of before filing: Your 2016 AGI: States the following: Since you filed with us last year, we've already entered this for you. The box indicated '0' so I thought my AGI amount was hidden, though I filed last year with H&R Block. Took me aw...
by Almost there
Mon Feb 19, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of stock
Replies: 14
Views: 1466

Re: Sale of stock

So finished my Federal Income Tax including the cost and sale prices of both stocks. Since my only other income for 2017 was Social Security and the sale of treasury bonds, I had ‘0’ on Line 78.
by Almost there
Sun Feb 18, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 11623

Re: What has been your most important skill in achieving financial independence?

Saving the money from every raise and adding it to the 401K).
Recognizing the difference between a want and a need.
Buy a used car and selling it when it stops running.
Not listening to people who don't know much about saving since they are spenders.
by Almost there
Thu Feb 15, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of stock
Replies: 14
Views: 1466

Re: Sale of stock

dbr wrote: In addition to the 1099B you should have received a confirmation of sale showing the date, the number of shares sold at each price of sale*, and any commissions and fees charged. Note commissions count in your taxes as losses accounted for in the net proceeds. *In general a sell order doe...
by Almost there
Thu Feb 15, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of stock
Replies: 14
Views: 1466

Re: Sale of stock

Just downloaded both 1099B forms. Neither form indicates the cost basis for the stocks I sold last year. When I spoke to Computershare about the missing cost basis, I was informed that they don't track the cost because both stocks were purchased before 2011. I now have the purchase dates for both st...
by Almost there
Sun Feb 11, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: iPhone backup for dummies (OneDrive, external hard drive)
Replies: 10
Views: 906

Re: iPhone backup for dummies (OneDrive, external hard drive)

My external drive is always connected to my computer. So everything I save, is also automatically saved to my external drive. I take a lot of pictures and videos with my phone while hiking on a regular basis. After returning home, I connect my phone to my computer and all the pictures and videos are...
by Almost there
Sat Feb 10, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of stock
Replies: 14
Views: 1466

Re: Sale of stock

Fivek wrote: If you sold them through Computershare, then Computershare should send the 1099-B. Or, if you have opted for electronic communication, you may need to log in to your Computershare account and get the tax document that way. According to Computershare Investor Center - United States, 1099...
by Almost there
Fri Feb 09, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of stock
Replies: 14
Views: 1466

Re: Sale of stock

Thank you, Fivek.
Unfortunately after I sold my stock, I deleted my password from my list. Will just wait until next week and then get back to you.
by Almost there
Fri Feb 09, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of stock
Replies: 14
Views: 1466

Re: Sale of stock

livesoft wrote: Uh-oh. The cost basis of stock gifts is not the value at the time the stocks were given to you. It is the cost basis for the person who gave it to you. So you should ask them to provide you with the documentation of their cost basis. I don't understand what you wrote. To me it is the...
by Almost there
Sun Feb 04, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax estimator that includes Social Security income?
Replies: 21
Views: 2573

Re: Federal tax estimator that includes Social Security income?

pshonore wrote: Has the taxability off SS changed? While certainly the marginal rates change based on new brackets have changed, the percentage of SS that is subject to tax based on existing formulas has not changed AFAIK. Try this calculator: https://www.calcxml.com/calculators/how ... y-be-taxed T...
by Almost there
Thu Feb 01, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted application will discontinue?
Replies: 8
Views: 1027

Re: Restricted application will discontinue?

I was informed today by Social Security that I will start receiving widow benefits starting in February. This action by Social Secuirty comes 2 1/2 weeks after he died. My former husband's record is approximately $250 higher per month than mine. Pretty fast in my eyes. Thanking everyone for their in...
by Almost there
Tue Jan 30, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of stock
Replies: 14
Views: 1466

Re: Sale of stock

The person who gave it to me as a gift, just died. And he kept terrible records. I will have to contact the company to obtain the value of the stocks since he bought stocks directly from the company for his son, me and himself and paid for it. The other stock I received from Prudential which was par...
by Almost there
Tue Jan 30, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of stock
Replies: 14
Views: 1466

Re: Sale of stock

Thank you FiveK, who wrote:
You should receive a 1099-B. The cost basis will not be reported to the IRS, so you will need to provide that.
Both stocks were gifts. Will I have to contact the companies to find out their value at the time the stocks were given to me?
by Almost there
Tue Jan 30, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of stock
Replies: 14
Views: 1466

Sale of stock

Last year I sold, for the very first time, 2 sets of stocks, I received $1,100 and $5,100, which I had owned approximately 20 years. What kind of documentation will I receive from Computershare?
by Almost there
Mon Jan 29, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted application will discontinue?
Replies: 8
Views: 1027

Re: Restricted application will discontinue?

A couple of months ago, a Boglehead poster sent me a PM on how he changed from his spouses' Social Security payments, to his just before he turned 70. At this time, I will wait for Social Security to contact me. In the past I have had more luck doing everything online vs. speaking to someone who is ...
by Almost there
Sat Jan 27, 2018 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Restricted application will discontinue?
Replies: 8
Views: 1027

Re: Restricted application will discontinue?

Thank you Celia.
No, I am still single.
by Almost there
Fri Jan 26, 2018 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted application will discontinue?
Replies: 8
Views: 1027

Re: Restricted application will discontinue?

Thank you 123. At this point I do not know how much I will receive from Social Security starting in May since Social Security has never informed me. So as per your edited answer, I would receive the benefit which ever is higher. That’s definitely good news. So I will have to wait for a letter from S...
by Almost there
Fri Jan 26, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted application will discontinue?
Replies: 8
Views: 1027

Restricted application will discontinue?

When I turned 66, I filed my restricted application online with Social Security. My former husband and I had been married 32 years before we divorced. In April I will turn 70 and in May I will start Social Security on my own records. My former husband just died and the funeral home has already conta...
by Almost there
Wed Jan 03, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 272
Views: 20287

Re: Do people still use AAA?

Hogan773 wrote: I am laughing at myself because while I am obsessing about cancelling AAA and replacing with combo of something else and maybe joining AARP all to save about 50 to 60 bucks per year, last night I paid 140 bucks for takeout Thai food for my extended family for a single dinner and I ha...
by Almost there
Wed Jan 03, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 272
Views: 20287

Re: Do people still use AAA?

sport wrote: The poster I was responding to said that they had left the lights on and drained their relatively new battery. In that case, all that was needed was a "jump start". Even so, AAA suggested they replace the battery. So, IMO, that is unreasonable. Yes, I just needed a jump start and it was...
by Almost there
Wed Jan 03, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: 10 Year Anniversary
Replies: 3
Views: 496

Re: 10 Year Anniversary

Well thank you, but a happy, healthy retirement with enough money is truly more important to me.
by Almost there
Wed Jan 03, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: 10 Year Anniversary
Replies: 3
Views: 496

10 Year Anniversary

Today is my 10 Year Anniversary with Bogleheads. I will be forever grateful to the man who directed me to this website. I also want to thank all the people who have helped me with so many issues during the past 10 years. Thanks to you, I have learned quite a bit about finances and have a retirement ...
by Almost there
Thu Dec 28, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 272
Views: 20287

Re: Do people still use AAA?

Just as I was renewing my AAA membership, I drove into town and went to a store. When I returned to the car, it wouldn't start and I had to call AAA. (I had left the lights on. :oops:) AAA told me that I could buy their battery, but I felt I was still good since my battery was just 2 years old with ...
by Almost there
Sat Dec 23, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: Windows 10 Recent Updates
Replies: 22
Views: 3695

Re: Windows 10 Recent Updates

I did an update about 6 weeks ago which took forever. After that I turned the computer off. When I turned the computer back on the next day, it took basically all day to upgrade once again. Since then the software hasn't felt right. Little things started cropping up: one day all my typing was in cap...