Search found 192 matches

by BarbK
Tue Aug 22, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare when not collecting Social Security
Replies: 17
Views: 1379

Re: Paying for Medicare when not collecting Social Security

I will also be getting Medicare in November and just received my card yesterday. I plan to delay SS until somewhere between 67 and possibly 70. I did everything online and received 2 mailings; one that I would be getting the card and the card. I really never saw anything online about Part D. I think...
by BarbK
Fri Aug 18, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Portfolio Questions
Replies: 9
Views: 1259

Re: Early Retirement Portfolio Questions

What are the expected taxable dividends from your two stock funds, in dollar amounts in your taxable portfolio? 10% federal and 1% state (CA), sounds too low based on mid seven figure ($5M?) portfolio mostly in taxable. https://smartasset.com/taxes/california-tax-calculator Last year my two stock f...
by BarbK
Fri Aug 18, 2017 6:51 am
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 48
Views: 5258

Re: Geico insurance rate increase: 26.24% APY?

I was with Geico for 4 years and my increases ranged from $60-$70 every 6 months. This August it went to $1032 and just passing the $1K mark made me look elsewhere. I went with Progressive and my bill was $592 for the exact same coverage saving $440 for the 6 months. I had been with Progressive for ...
by BarbK
Wed Aug 16, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Bond - Should I sell?
Replies: 13
Views: 1233

Re: Inherited Bond - Should I sell?

NO - Don't sell it; it will be called at the first calling date.

I have/had a lot of Muni bonds and they are ALL being called at first calling date; even the ones with 4.125% and lower ratings than your bond.
by BarbK
Mon Aug 14, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Can we slow down then retire?
Replies: 25
Views: 4135

Re: Can we slow down then retire?

I think you accumulated a lot of $ based on your salaries and withdrawing 85K is < 3.3%. Assuming you started SS at 67, you have 14 years to bridge the gap. That would be $890K (after the inheritance) excluding growth and inflation. Depending where this money is allocated (deferred vs already taxed)...
by BarbK
Sun Aug 06, 2017 9:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Celebrating 30 years with Vanguard!
Replies: 25
Views: 2201

Re: Celebrating 30 years with Vanguard!

We started back in the mid 80s also for the inception of the STAR fund. My husband was self employed and we would send a check in the prepaid envelopes for his yearly contribution to the brand new STAR fund and Wellesley in his SEP-IRA. The only time we even looked at the account was on the statemen...
by BarbK
Sun Aug 06, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mom made a mistake? Annuities
Replies: 51
Views: 5008

Re: Mom made a mistake? Annuities

' .... At this point your head is probably swimming, and you're thinking, " Who in their right mind would ever purchase such a complicated contract ?" And I haven't even begun to exhaust the complications associated with this type of annuity! My FIL actually purchased a complex annuity with rider/d...
by BarbK
Sun Aug 06, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Mom made a mistake? Annuities
Replies: 51
Views: 5008

Re: Mom made a mistake? Annuities

Prune - Thanks for the lesson and explanation. Can you explain withdrawals as it relates to the 6% she is guaranteed? If the OP's mom was taking $1K per month withdrawals for 5 years (2013-2017), that would be $60K + the $10-12K for the rider cost would make the balance around 130K. Is there a secon...
by BarbK
Thu Aug 03, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Recharacterizing a Roth IRA - Need help with Vanguard form
Replies: 18
Views: 706

Re: Recharacterizing a Roth IRA - Need help with Vanguard form

I would call Vanguard. I recharacterized two years ('15 and '16) and never filled out any forms.
by BarbK
Sat Jul 29, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Young Boglehead seeks Advice for Parents Approaching Retirement
Replies: 21
Views: 1715

Re: Young Boglehead seeks Advice for Parents Approaching Retirement

Another Suggestion: Since your parents are ultra conservative, I think it would be unbearable for them to lose any of the $500K they already saved. However, for the $35K of NEW $ they can save for the next 10 years, have a portion of that go into stocks. Maybe start with a fund of 40% stocks / 60% b...
by BarbK
Fri Jul 21, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 78 yo widow's investments
Replies: 8
Views: 863

Re: Help with 78 yo widow's investments

If she's in the 10% tax bracket, she will have 0 taxable gains up to the 15% tax bracket which is $37,950. The top of the 10% bracket is $9325 so she has roughly 28K of gains to work with. She (meaning you) might be able to accomplish this in 2017 since a lot of that $97K is in bonds. Do what you ca...
by BarbK
Wed Jul 12, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 156
Views: 24662

Re: $400,000 Roth Conversions Between Ages 66-69?

There are so many parts to consider and probably everyone's situation is different. We didn't qualify for ACA subsidies b/c ions ago (over 25+ years) a broker bought many zero coupon municipal bonds. There was no way to know about ACA, Medicare Tax, etc at that time so how are we able to project wha...
by BarbK
Sun Jul 09, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 156
Views: 24662

Re: $400,000 Roth Conversions Between Ages 66-69?

Thanks for responding - Definitely do the 75K or to the top of the 15%. That's surprising to hear that a FA would be more conservative than the group here.

Firechief - So you're thinking that AUM would be less b/c of the taxes paid for the conversion or is it something else?
by BarbK
Sun Jul 09, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 156
Views: 24662

Re: $400,000 Roth Conversions Between Ages 66-69?

This is a great thread with a lot of well thought-out advice. We are 64(me), 60(husband) early retirees at 50(me), 58(H) going through the Roth Conversion process for 2 years now. Only converted to the top of the 15% bracket so far ($134K for the 2 years) but threads like these make me more open for...
by BarbK
Sat Jul 08, 2017 6:49 am
Forum: Personal Finance (Not Investing)
Topic: health insurance after retirement?
Replies: 29
Views: 2897

Re: health insurance after retirement?

.....Just as an example, at age 62 I am paying 2008 a month for my wife and I for a bronze plan that is not even hsa compliant. .... I thought mine was bad at $1300 per month for crappy bronze plan that is HSA compliant. Ages 64, 60 so average of 62 (same as you). We're on our 3rd carrier in 3 year...
by BarbK
Sat Jul 01, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: What are your health insurance stats?
Replies: 89
Views: 5551

Re: What are your health insurance stats?

Premium - $1300 per month - Retired ages 64,60 - no ACA subsidy
Deductible - $6350 each ($12700 combined)
includes HSA
Florida
by BarbK
Fri Jun 30, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question
Replies: 8
Views: 770

Re: Health Insurance Question

I'm going on Medicare later this year and it looks like the total including an advantage plan will be about $250. This is far less than I am paying now for an ACA plan. We pay less than $25K yearly - we buy individual bronze plans so we each have our own deductible ($6350) rather than the combined d...
by BarbK
Wed Jun 28, 2017 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retire at 55 on $41K/yr fixed pension with $1MM portfolio?
Replies: 26
Views: 6528

Re: Retire at 55 on $41K/yr fixed pension with $1MM portfolio?

For Health Insurance, we pay the full fare for ACA and at the highest premium due to our ages, 64 and 60, it is > $1300 per month for both of us. We have a crappy bronze policy with an HSA. In the 3 years of ACA, we will have paid over 50K in premiums. We are also on our 3rd provider due to $400 mon...
by BarbK
Thu Jun 22, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH conversion
Replies: 12
Views: 1241

Re: ROTH conversion

Won't you need to carry forward your process to 2021, 2022, etc to see how the extra taxes you paid for the $130K conversion works out?
by BarbK
Fri Jul 08, 2016 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Selling municipal bonds before maturity
Replies: 21
Views: 1582

Re: Selling municipal bonds before maturity

I've bought Muni Bonds directly from ZionsDirect.com; They were $10 to buy/sell. I've bought Muni Bonds directly from Scottrade.com and the fees were imbedded in the price. I've never sold; they either get called or mature. Those rates are really low so I assume they are the yield on the appreciated...
by BarbK
Wed May 04, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Should my Mom take a large distribution from her IRA before I inherit it?
Replies: 22
Views: 2829

Re: Should my Mom take a large distribution from her IRA before I inherit it?

Unless she has large medical deductions in 2016, I would do nothing.

For her to stay in the low (15%) tax bracket, you won't be able to convert enough to bother; and you will only be getting half plus you will have 2 accounts to deal with.
by BarbK
Thu Feb 04, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 84
Views: 7403

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

None of it now, no pension coming

Current Ages 63 and 59
Retired at: 50 and 58 (2015)

Started Roth Conversions in 2015

Planning on taking SS after FRA but before 70.
by BarbK
Fri Jan 29, 2016 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon Bond Value Question
Replies: 41
Views: 2641

Re: Zero Coupon Bond Value Question

Depending on the buyer's marginal tax rate and state of residence, that 2.89% could equate to 4-5% taxable. Are you saying you don't like zero coupon bonds, or that you don't like the current low interest rate environment? I like munis a lot. The bulk of my zero munis will mature in 2016-2019. All ...
by BarbK
Fri Jan 29, 2016 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon Bond Value Question
Replies: 41
Views: 2641

Re: Zero Coupon Bond Value Question

Congratulations; well done. I actually think you did well; almost 6% tax free income per year for 7 years. You will have capital gains, but at least you have gains. What I find disturbing is the current buyers. The person who bought your bond is getting 2.89% Tax Free per year and waiting for > 9 ye...
by BarbK
Thu Jan 28, 2016 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon Bond Value Question
Replies: 41
Views: 2641

Re: Zero Coupon Bond Value Question

I checked another one of mine out with a closer maturity date to yours. 50K, matures in 2023, Value from Scottrade on 1/27/16 = $42,386 which is 2.18% left to maturity Recent sales on Emma: 01/14/2016 11:05 AM 01/20/2016 86.652 1.87 50,000 Customer sold Other recent sales 01/15/2016 04:35 PM 01/21/2...
by BarbK
Thu Jan 28, 2016 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon Bond Value Question
Replies: 41
Views: 2641

Re: Zero Coupon Bond Value Question

That $7750 seems really high. What was AE saying the bond was worth? If you follow the formula provided by Cruncher, you have/will effectively receive 5.94% tax free. Do you think that someone will hold the bond for the next 9 years for 2.72%? -- BTW - I have a lot of zero munis that I transferred t...
by BarbK
Fri Jan 15, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for obtaining first credit card and good credit as fast as possible?
Replies: 14
Views: 732

Re: Advice for obtaining first credit card and good credit as fast as possible?

My daughter got her own card free Capital One card when she was a sophomore in college. The credit limit was $500 and then raised to $750. She was diligent about paying the balance off within the month so she wouldn't go over the limit. She said her CL is $3500 now.
by BarbK
Wed Jan 13, 2016 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Bogleheads -- How much did you spend last year?
Replies: 60
Views: 7190

Re: Retired Bogleheads -- How much did you spend last year?

Our total budget is 108k. I'm 61 and spouse 63. Health insurance alone runs us 23k ($18,000 premium plus about 5k out of pocket ). LTC ins is 7k. Other insurance $3500. So there's a total of 33.5k just in insurance. State & federal taxes run about 15k and real estate taxes 2500. So right there ...
by BarbK
Wed Jan 13, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Bogleheads -- How much did you spend last year?
Replies: 60
Views: 7190

Re: Retired Bogleheads -- How much did you spend last year?

I don't see how so many of you live so cheaply. $60K is our fixed costs. 2015 was our first year with both of us retired; ages now: 63,59 - no pensions, no SS, no mortgage >30K in insurance premiums alone; which includes HUGE deductibles on both Health (12K) AND Homeowners (60K hurricane); otherwise...
by BarbK
Sun Jan 10, 2016 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: TLH in 15% bracket--ever worth it?
Replies: 19
Views: 1701

Re: TLH in 15% bracket--ever worth it?

Can you please described why the 15% is cumulative?

If the qualified dividends/LT Capital gains were no longer taxed at 0%, they would be taxed at 15%.
by BarbK
Sat Dec 26, 2015 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement analysis
Replies: 15
Views: 2795

Re: Retirement analysis

My husband just turned 59 and retired at 58. We don't get ACA subsidies and just his medical premium is $550 per month ($4500 deductible / $6500 max OOP). (We have separate policies so the deductible/MOOP is not doubled). We also have HSAs. We are in a super low tax bracket and started doing Roth Co...
by BarbK
Sun Dec 13, 2015 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Recommend a custodian for individual HSA account
Replies: 39
Views: 8067

Re: Recommend a custodian for individual HSA account

want individual HSAs because we are both over 55 and want the $1K catch up each. At this time, low cost (or no cost) is the priority vs using the HSA as an investment tool. 1) I'm 45, she is 37, we'll open our first family HSA in 2016; did your research show that when I/we turn 50 we can then hold ...
by BarbK
Thu Dec 10, 2015 1:46 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a 350K home in Florida?
Replies: 33
Views: 3687

Re: Can we afford a 350K home in Florida?

That flood insurance seems way too high and the home insurance seems way too low but maybe not depending on area.
What area of Florida are you looking at?

I have the max flood and it is between $400-500 (closer to $400 I think).

I haven't received the 2016 renewal yet, but the Homeowners is obscene.
by BarbK
Sun Dec 06, 2015 7:09 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 350
Views: 38778

Re: Flaunt Your High-Mileage Car

Ive got you beat... 39k on a 2007 mazdaspeed 6. 20k of those miles were in the first year. It stays in the garage for months at a time since I can walk everywhere Not even close - 17K miles on a 2001 Mazda Miata - bought new Honda Odyssey - '98 - 128K miles - bought new Honda Pilot -'06 - 108K mile...
by BarbK
Thu Nov 19, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP - Family Deductible / OOP clarification needed
Replies: 25
Views: 3476

Re: HDHP - Family Deductible / OOP clarification needed

Thank you for responding and your insights of going through the process. It helps a lot. I did mean the HEALTHCARE.GOV exchange. My state (FL) does not have its own exchange. I haven't updated anything for 2016 yet; when I get that question re: having an existing policy, I always press SKIP. All the...
by BarbK
Wed Nov 18, 2015 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP - Self Only vs. Self Plus One
Replies: 6
Views: 556

Re: HDHP - Self Only vs. Self Plus One

nanoanalyzer wrote:If you are both over 55, and have two self plans, you can each contribute the $1,000 catch-up to your own accounts. Not true on one family plan.



Even with a family plan, If both people are >55, they can each contribute $1K catch up on HSA.
by BarbK
Wed Nov 18, 2015 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP - Family Deductible / OOP clarification needed
Replies: 25
Views: 3476

Re: HDHP - Family Deductible / OOP clarification needed

Standard7 - You seem to have a good grasp of HDHP. I called the insurance company today for the plan I am considering: (4500/9000) (6500/13K OOPM) to discuss the deductibles / OOPM for a family plan vs individual. She confirmed that $9K/$13K would need to be met first in a family policy. BTW - when ...
by BarbK
Tue Nov 10, 2015 10:18 am
Forum: Personal Finance (Not Investing)
Topic: HDHP - Family Deductible / OOP clarification needed
Replies: 25
Views: 3476

Re: HDHP - Family Deductible / OOP clarification needed

That's is my experience and how I understand it for 2015. The link that Standard7 indicates that it changed at least the OOPM for 2016. The example in the link looks like it changed too; although it would be more clear if the sequence of events was indicated. The 2 examples giving by in the health c...
by BarbK
Tue Nov 10, 2015 12:04 am
Forum: Personal Finance (Not Investing)
Topic: HDHP - Family Deductible / OOP clarification needed
Replies: 25
Views: 3476

Re: HDHP - Family Deductible / OOP clarification needed

Thanks for replying; that is new information for me. I read the link; no wonder why everyone is confused although the example was at least straight forward. These are 2 plans from the same insurance carrier. I was considering the first one. Selecting Family coverage, I'm seeing: - Deductible $4500*/...
by BarbK
Mon Nov 09, 2015 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP - Family Deductible / OOP clarification needed
Replies: 25
Views: 3476

HDHP - Family Deductible / OOP clarification needed

I find the Deductible / OOP Maximum for family coverage is very misleading. I fell into that trap in 2015 thinking my Deductible was $6000+ when it was actually $12K+. I'm still not sure if the double deductible/OOP was just my insurance company or all insurance companies. I'm changing carriers; my ...
by BarbK
Sun Aug 23, 2015 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA to ROTH conversion thoughts
Replies: 6
Views: 680

Re: TIRA to ROTH conversion thoughts

Since you don't need the $ now and currently have a part time job you should at least contribute to the Roth IRA with your earned income. That way you won't be paying taxes on that amount of the conversion. It depends on what effect your RMDs will have on your future taxes if you bother to convert a...
by BarbK
Wed Jul 01, 2015 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 163
Views: 43691

Re: Tell Me I'm Stupid To Consider Quitting My Job and Moving

I don't think you have the guts to quit! Haha, what a weird thing to say! What's that, a school yard bully challenge? Rent is $1675 a month. The lease is for 6 months, expiring in mid January, 2016. We purposely got a 6 month lease in case I get laid off--that way, we can leave town reasonably quic...
by BarbK
Wed Jul 01, 2015 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 163
Views: 43691

Re: Tell Me I'm Stupid To Consider Quitting My Job and Moving

I just read this entire post in one sitting. When you came back in 2015, I expected you to say that you completed the 14 months and are ready to move on. No, all you did during this time was exceed your expected savings rate. Now plan to stay another year for even more $. You are kidding yourself. S...
by BarbK
Mon Jun 22, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: seeking advice, in retirement now
Replies: 51
Views: 11643

Re: seeking advice, in retirement now

A couple of things: 1. Do you have POA? 2. It was mentioned earlier that there was doubt RMDs were taken. You can easily check his Scottrade Account tax statements online. He should have a 1099R. He accumulated a large Roth balance so someone was on the ball for that, it's hard to imagine that RMDs ...
by BarbK
Sun Jun 21, 2015 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: seeking advice, in retirement now
Replies: 51
Views: 11643

Re: seeking advice, in retirement now

I think you need to determine the cost basis of the individual stocks before doing any selling. Depending on the stock and the length of time held and their performance simply selling to sell could generate a potentially large tax bill. If there are some that could be sold at a loss that would bala...
by BarbK
Sun Jun 21, 2015 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: seeking advice, in retirement now
Replies: 51
Views: 11643

Re: seeking advice, in retirement now

Regarding itemization of taxes from assisted living: I'm sure he is in AL because it is medically necessary so all of it should be a qualified medical expense. (keep records) Because he is older than 65, the allowed deduction will be that amount over 7.5% AGI. So if their AGI is 80K, 7.5% is 6K and ...
by BarbK
Mon May 11, 2015 6:15 pm
Forum: Personal Consumer Issues
Topic: Florida Homeowners Insurance
Replies: 19
Views: 3588

Re: Florida Homeowners Insurance

I have Frontline - with a $70K named storm deductible and $2500 deductible for everything else. I have done everything I can to get the rate down but it is still insane and goes up a minimum of 10% a year. I think if I did have $70K worth of damage, the damage would be so widespread that it is doubt...
by BarbK
Tue Apr 21, 2015 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 18342

Re: How much do you pay in Property Taxes?

You northern NJ folks have it horrible. I actually grew up in NJ and my parents always complained about how high the property taxes were THEN but I had no idea. They moved to Maryland when my dad retired probably in the mid 80s. Florida - good schools, 1/3 acre on inter-coastal tax assessed at $325K...
by BarbK
Sat Apr 18, 2015 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: long term capital gain tax vs. roth conversions
Replies: 50
Views: 6520

Re: long term capital gain tax vs. roth conversions

Lots of good info / links provided in this thread.

Do you have a HDHC policy? If so, you can open an HSA and get $8650 ($6650 joint, plus 1K each stepped up basis for being over 55). Comes right off the income - possibly the $7K of interest you are getting.
by BarbK
Sat Apr 11, 2015 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: RVU model new hire problem
Replies: 14
Views: 1442

Re: RVU model new hire problem

Do you work for CHS by any chance?

Definitely don't buy a house.

You don't have to sue, but you should consider speaking to an attorney.