Search found 173 matches

by BarbK
Fri Jul 08, 2016 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Selling municipal bonds before maturity
Replies: 21
Views: 1142

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: 2573

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: 6774

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: 2365

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: 2365

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: 2365

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: 2365

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: 634

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: 6726

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: 6726

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: 1488

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: 2691

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: 35
Views: 5975

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: 3497

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: 276
Views: 24567

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: 3137

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: 528

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: 3137

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: 3137

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: 3137

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: 3137

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: 638

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: 42541

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? :twisted: 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 reaso...
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: 42541

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: 39
Views: 8895

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: 39
Views: 8895

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: 39
Views: 8895

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: 2700

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: 15763

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: 5464

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: 1322

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.
by BarbK
Thu Feb 26, 2015 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have enough to retire at age 50?
Replies: 28
Views: 4784

Re: Do I have enough to retire at age 50?

That rental income doesn't seem enough to justify the 300K house value or hassle. There can't be much left over after paying taxes, insurance, repairs, etc. Have you considered selling the rental house, and paying down the mortgage in the house your living in? Then on the 2 years that you remain wor...
by BarbK
Sun Feb 15, 2015 6:09 pm
Forum: Personal Consumer Issues
Topic: I need a recommendation for a pressure washer.
Replies: 26
Views: 5582

Re: I need a recommendation for a pressure washer.

I bought this one: http://www.homedepot.com/p/AR-Blue-Clean-1900-PSI-1-5-GPM-Electric-Pressure-Washer-AR383/204342669 for my porch and pool deck. It was the highest PSI of the electrics and does a great job. We also have a gas power one but it is such a drag getting it to the pool/porch area. I woul...
by BarbK
Sat Feb 07, 2015 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a custodian for individual HSA account
Replies: 35
Views: 5975

Re: Recommend a custodian for individual HSA account

I'm also looking to enroll in an HSA (first time), family HDHP (first time) , but want individual HSAs because we are both over 55 and want the $1K catch up each. From what I've read, our max contribution for the individual HSAs is $8650. At this time, low cost (or no cost) is the priority vs using ...
by BarbK
Sat Jan 31, 2015 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Take the job?
Replies: 68
Views: 3401

Re: Take the job?

Besides the 20K pay bump, there is no state income tax either. Hurricanes - there is so much notice; they start predicting them when they are off the coast of Africa. Your husband will hate moving to Florida in August or September; honestly they are the worst months. But it's great from mid-October ...
by BarbK
Sun Jan 25, 2015 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Mother in MI - Assisted Living transition
Replies: 10
Views: 1362

Re: Elderly Mother in MI - Assisted Living transition

For my mom, I didn't do the Medicaid route either; She lived in independent care and then assisted living for 6 years before she passed away. Everyone was private pay. Actually, I think all AL facilities in Florida are Private Pay and nursing homes are both private pay and Medicaid. She went to reha...
by BarbK
Thu Jan 22, 2015 7:22 pm
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 7047

Re: Florida in the summer

Where are all of you getting that the Florida heat is done at the end of August. I have live in Florida over 30 years, and September is just as brutal as August. I really don't see significant relief until mid-October. But on the other side, I don't think June is THAT bad. I rate August, September t...
by BarbK
Tue Jan 20, 2015 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 19296

Re: Should I Declare Victory and Pack It In?

Depending on declared income, a gold plan in my state would be anywhere from $450 per month to $1700 per month. For this year, you would have worked for 1 month and right now no further plans. Based on that income, would it not be on the lower end of your range? I am technically not providing any s...
by BarbK
Sun Jan 18, 2015 4:31 pm
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 7047

Re: Florida in the summer

I live on a barrier island in East Central Florida and although it rarely gets over 90 and has constant breezes, the humidity is never under 90 percent in the summer. I don't think it is hotter than a lot of places, but the summer is just VERY LONG with August and September being the worst. No real ...
by BarbK
Sat Jan 17, 2015 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 19296

Re: Should I Declare Victory and Pack It In?

Wormwood - I read through most of this, and from your first post, I knew it was CHS . How did I 'know', because my husband works there; and will until next week. CHS acquired the previous hospital owner in January '14 and once their 3 year contracts were up, many docs services were no longer needed...
by BarbK
Sat Jan 10, 2015 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Losing Job (& insurance) Need Advice - ACA Subsidy or Roth
Replies: 11
Views: 1366

Re: Losing Job (& insurance) Need Advice - ACA Subsidy or Ro

Does anyone have ethical concerns about adjusting income to qualify for ACA subsidies? .... I think all, or almost all of us, agree that adjusting our income in legal ways to pay lower income taxes is fine. Is adjusting income to qualify for ACA subsidies or food stamps any different? .... Beth - F...
by BarbK
Sat Jan 10, 2015 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Losing Job (& insurance) Need Advice - ACA Subsidy or Roth
Replies: 11
Views: 1366

Re: Losing Job (& insurance) Need Advice - ACA Subsidy or Ro

I called an independent agent earlier in the week (we're existing customers but haven't heard back yet; I would not consider her expert advise on any level). The HR rep is definitely not feasible; I only plan on using Health Care for catastrophic coverage. So looking at the $, it will cost $19K more...
by BarbK
Sat Jan 10, 2015 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Losing Job (& insurance) Need Advice - ACA Subsidy or Roth
Replies: 11
Views: 1366

Re: Losing Job (& insurance) Need Advice - ACA Subsidy or Ro

Thanks for replying: I didn't consider the implied tax; also did not know the policy must be purchased from health.gov to get the subsidy on the tax return later on. Taken From HealthCare.gov Estimated monthly premium $274 Number of people covered: 2 Premium before tax credit: $1,058 So annual premi...
by BarbK
Sat Jan 10, 2015 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Losing Job (& insurance) Need Advice - ACA Subsidy or Roth
Replies: 11
Views: 1366

Losing Job (& insurance) Need Advice - ACA Subsidy or Roth

At the end of January my husband is being laid off from his job. It is doubtful that he will work again. Applying for health insurance is all new to me but during my research, I think I would opt for a HD Bronze plan with an HSA to use for dental, eye care. The premium for such a plan would be $13K ...
by BarbK
Wed Jan 07, 2015 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 8525

Re: Cancel Homeowner's Insurance?

I also live in Florida and struggle with cancelling the home insurance every year. I've done everything I can to get the price down - Lexan Shutters ($20K), top of the line roof, etc. removed replacement costs of interior goods. My hurricane deductible is 10%....or $70K before they pay the first $. ...
by BarbK
Thu Jul 25, 2013 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card or Cash discount for prepaid travel?
Replies: 4
Views: 459

Re: Credit card or Cash discount for prepaid travel?

Thanks for your replies.

I just called the CC (Capital One) and they said that if there was a problem, they would help with disputing charges if the vendor was willing to work with them. It didn't matter if it was prepaid or not; but a willing vendor seemed to be the key.
by BarbK
Tue Jul 23, 2013 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card or Cash discount for prepaid travel?
Replies: 4
Views: 459

Credit card or Cash discount for prepaid travel?

We are going on a cruise (Greece) and have the final payment due soon - 7 weeks before the actual trip. They are offering a 5% discount if we pay by check vs a credit card. We have Capital One and get 2% back for everything; so it is really a 3% discount but the savings is substantial. I would think...
by BarbK
Wed Feb 06, 2013 1:03 pm
Forum: Personal Consumer Issues
Topic: Progressive Insurance: Snapshot Discount, anyone ever use?
Replies: 20
Views: 5530

Re: Progressive Insurance: Snapshot Discount, anyone ever us

I did it when it was first introduced and yes, my insurance went down 30% (except uninsured motorist isn't included which is huge in Florida). I was in the middle of the 6 mo premium, and after 3 weeks of it being in my car, they credited my Credit Card with a refund. The device was in our cars for ...
by BarbK
Thu Jan 31, 2013 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Duke Energy and FKINX-A
Replies: 10
Views: 2307

Re: Duke Energy and FKINX-A

RE: FKINX - there are ADV share class (FRIAX) that you could get NO LOAD, with a min of $50K and expense ratio of .49 I inherited it and have kept it; Brokers don't do you any favors with the Franklin Income Fund; My mom's broker put her in the "C" shares (ER of 1) - I found the ADV share ...
by BarbK
Sat Jan 26, 2013 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: hard to let go of IBM
Replies: 46
Views: 5215

Re: hard to let go of IBM

IBM was also the first stock I ever bought - mid 80s. I have it in paper form and they send the distro check every 3 months.

I have never converted it to a broker, because I would be so tempted to sell it. My original 20 shares are 80 shares.

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