Search found 1358 matches

by Carl53
Sun May 21, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Job loss
Replies: 28
Views: 2171

Re: Job loss

I was fired near the end of my full time career from my mid-level management position when I would not change design specifications from practical to nonfunctional on a new technology just so the development group could keep getting atta boys and upper management could keep telling stockholders that...
by Carl53
Wed May 17, 2017 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth IRA Conversion - your input please
Replies: 6
Views: 360

Re: IRA to Roth IRA Conversion - your input please

Are you doing the conversions to a Roth IRA or Roth 401k? Roth IRA has some benefits as you can do recharacterizations.

Suggest you leave some unconverted in both that could be used for nursing home health care expenses.
by Carl53
Tue May 16, 2017 6:32 am
Forum: Personal Finance (Not Investing)
Topic: 1999 Honda Accord 175,000 miles CEL Code P1456
Replies: 13
Views: 1358

Re: 1999 Honda Accord 175,000 miles CEL Code P1456

We've got a 1996 Accord with 385k and is currently being driven every day. A few hundred dollars per year upkeep is to be expected. This year so far $100 to replace flex exhaust pipe and $20 for a used condenser fan. Unfortunately the fan only partially resolved the AC problem. Last year about$200 f...
by Carl53
Sun May 07, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Employer changing status from governmental to nonprofit, pension/457 impact?
Replies: 1
Views: 185

Employer changing status from governmental to nonprofit, pension/457 impact?

A family friend has worked for a local municipal hospital and has been contributing to the PERS for perhaps the last two years. Discussions are ongoing at this time to change the hospital status from being under the local government to a nonprofit status. The employees have not been informed as to w...
by Carl53
Sat May 06, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: sump pump issue
Replies: 13
Views: 1294

Re: sump pump issue

We've got a zoeller stand type sump pump that is about 33 years old. I suspect it has at least one year of run time on it, maybe two. I replaced the rod twice and the check valve once in the 27 plus years we've been here. Replace the check valve.
by Carl53
Sun Apr 30, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 321
Views: 17774

Re: something odd regarding EE bonds

[Merged Nasrudin's topic and its replies into this existing thread on the same topic - moderator prudent] 2. And there is practically no point to holding them more than 20 years. Although they can be held an additional 10 years (their final maturity is year 30), they will possibly/probably revert b...
by Carl53
Sun Apr 30, 2017 2:26 am
Forum: Personal Finance (Not Investing)
Topic: CCRC Tax Deduction?
Replies: 14
Views: 1072

Re: CCRC Tax Deduction?

If I have a $100,000 medical deduction, this would put me in a very low tax bracket. Would it be wise to withdraw some of my IRA to avoid losing the tax deduction. Just leveling off the tax rate for a year. I know I would lose the tax free continued earnings, but does this make sense. Since you wou...
by Carl53
Sat Apr 29, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Income Tax Schedule A
Replies: 5
Views: 382

Re: Income Tax Schedule A

If you did not do a total distribution from all of your Roths, I'm sorry to be the bearer of bad tidings but you must have messed up one or more of your inputs. Somehow TT thinks you did such a distribution, then it subtracted 2% of your AGI from the loss (basis less what you received in the distrib...
by Carl53
Fri Apr 28, 2017 6:23 am
Forum: Personal Consumer Issues
Topic: Recommendations - Swimming Pool - Solar Cover
Replies: 8
Views: 604

Re: Recommendations - Swimming Pool - Solar Cover

We have a 40,000 gallon 24X40 inground. I usually go with not the cheapest but certainly on the lower end of covers. My experience is that none of them are going to last more than 3-4 years despite warranty claims. We tried a heavy duty reel once and it bent in its early life. In a smaller pool like...
by Carl53
Tue Apr 25, 2017 8:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard has switched to brokerage only accounts
Replies: 106
Views: 9609

Re: Vanguard has switched to brokerage only accounts

For those that had multiple traditional and multiple Roths, have you had any difficulty maintaining your multiple accounts. My flagship rep advised against upgrading due to some problems relating to automatic combining of accounts that 'upgrading' initiated. He stated if we wanted to maintain multip...
by Carl53
Sun Apr 23, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Are CCRCs a good deal? [Continuing Care Retirement Community]
Replies: 30
Views: 2659

Re: Are CCRCs a good deal?

We stayed as guests for two nights at a local CCRC that my inlaws were considering. A number of their friends lived there and we were quite impressed with the place. It was adjacent to the local community hospital. Comparing the prices of the midwest located CCRC and the Florida site you are conside...
by Carl53
Sat Apr 22, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Insurance Plans
Replies: 20
Views: 1400

Re: Medigap Insurance Plans

What is the best way to wade through the deciding what options you might have and then selecting the best choice?
by Carl53
Sat Apr 22, 2017 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Unemployment severance. Weekly or lump sum?
Replies: 12
Views: 911

Re: Unemployment severance. Weekly or lump sum?

Hi boggle heads! So my wife just got laid off from mega Corp she has worked for a decade. Based on tenure she has a pool of about 21k of severance to be subsidized with state unemployment. They will pay her 90% of her old paycheck until the pool of money is gone. Alternatively she can take severanc...
by Carl53
Sat Apr 22, 2017 4:49 am
Forum: Personal Finance (Not Investing)
Topic: Incorrect 401k contribution reported on w-2 box 12a. Ramifications?
Replies: 3
Views: 407

Re: Incorrect 401k contribution reported on w-2 box 12a. Ramifications?

Take a look at your pay statements and 401k contribution records for last year and the year before. It is possible that a pay date right around the end of the year might have been credited in a different year than you expected. The biggest problem as I see it is if you are maxing out your contributi...
by Carl53
Sat Apr 22, 2017 4:38 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund today!
Replies: 43
Views: 3473

Re: IRS refund today!

7 days. nice. Beyond the pleasant surprise at the speed of the refund, I always breathe a sigh of relief when someone else hasn't claimed my refund for himself. I try to put myself into a position where I owe money (taxes, not penalties) to the IRS every April. No one has claimed my tax bill yet! I...
by Carl53
Sat Apr 22, 2017 4:34 am
Forum: Investing - Help with Personal Investments
Topic: Help for Dividend Loving Widow
Replies: 13
Views: 1932

Re: Help for Dividend Loving Widow

Celia made alot of good points. It certainly is possible that stock dividends (current and accrued) paid all of their RMDs in the past but as Celia points out the percentage of assets that must be paid out as RMDs will keep increasing and cannot be indefinitely be covered by dividends. I'd suggest h...
by Carl53
Mon Apr 17, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits
Replies: 41
Views: 2774

Re: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits

After running I believe your numbers for the survivor options are incorrect. Specifically, the amounts under "only you" and 'both" need to be the same. That's what I would have thought also, powermega. But I followed the original post which says, "If she dies my pension reverts ...
by Carl53
Mon Apr 17, 2017 4:07 am
Forum: Personal Consumer Issues
Topic: New HVAC - Assessing Quotes? - Update, New Info
Replies: 40
Views: 3512

Re: New HVAC - Assessing Quotes?

Kind of surprising to me that 80% efficiency furnaces would be allowed in an "environmentally friendly" area. My most recent furnace replacement was a 3.5T single stage 95% Trane unit for something like $3500 about 6 years ago.
by Carl53
Mon Apr 17, 2017 3:58 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits
Replies: 41
Views: 2774

Re: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits

When deciding some years back we only had the 50% and single annuity options. Took the 50% and then bought a 15 year term insurance policy to cover potential shortfalls due to my early demise. Likely would have been fine without it, but it would allow RMDs to be delayed. Once I am 70 and SS payment ...
by Carl53
Mon Apr 10, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 100
Views: 4302

Re: Require Access to School Records?

When eldest attended university on full academic scholarship, school did not allow informing parents. Almost lost scholarship after year one and did lose it after year two. While we had talks various times it was to no avail as all we parents got was that all was well while the truth was anything b...
by Carl53
Mon Apr 10, 2017 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Buying high yielding Bonds 5-10%
Replies: 21
Views: 2006

Re: Buying high yielding Bonds 5-10%

I am an ex-customer of Frontier, based in a city that was the original home of Frontier. I would not touch Frontier bonds with a ten foot pole. The company has chronically under-invested in its core technology and is milking the cash cow until the cow comes up dry. After being without Frontier DSL ...
by Carl53
Sun Apr 09, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 100
Views: 4302

Re: Require Access to School Records?

When eldest attended university on full academic scholarship, school did not allow informing parents. Almost lost scholarship after year one and did lose it after year two. While we had talks various times it was to no avail as all we parents got was that all was well while the truth was anything bu...
by Carl53
Sun Apr 09, 2017 6:25 am
Forum: Investing - Theory, News & General
Topic: Roth IRA - Using Risk to Grow the Pie
Replies: 30
Views: 2909

Re: Roth IRA - Using Risk to Grow the Pie

You could do several large IRA to Roth conversions per year, utilizing different risky strategies. Keep the winner, recharacterize the rest.
by Carl53
Sat Apr 08, 2017 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Mortgage Prepayment to Extinguish PMI
Replies: 12
Views: 1102

Re: Lump Sum Mortgage Prepayment to Extinguish PMI

Watty's idea of a car loan is interesting. That said you are coming up with $1100/month extra cash now. If you add in the $170/month (3400/20 or is it 1516/12 = 126?) in savings due to having no PMI, you could build up your Efund rapidly enough in my book. Apparently you are good in keeping CCs paid...
by Carl53
Fri Apr 07, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: What's in your ADP 401(k)?
Replies: 19
Views: 1306

Re: What's in your ADP 401(k)?

No index funds in my ADP 401k. Lowest cost funds are the Money Market fund (0.75% reimbursed to get the annual return up to 0.0%) and FKUTX (0.73%), a utilities fund where I have most of my money. Most funds offered are in the 1.2% range. Good thing is that I only have about 2% of our funds in this ...
by Carl53
Fri Apr 07, 2017 6:34 am
Forum: Investing - Help with Personal Investments
Topic: Choice of CDs
Replies: 6
Views: 909

Re: Choice of CDs

The credit union is Hudson Valley Federal Credit Union (https://hvfcu.org). I believe to join you need to live or work in a 4 county area in upstate New York. I'd go with the 36 month one if I had no likely expectations that I'd need to withdraw early. BTW, I looked at the website, and found what I...
by Carl53
Fri Apr 07, 2017 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Pension -lump sum or monthly payout?
Replies: 29
Views: 1789

Re: Pension -lump sum or monthly payout?

I took a lump sum for my pension in 1998 partially because I didn't trust the company finances. This report is how it worked out for me. What I have left of that lump sum today and how much I have taken out. I will compare that with how much I would have received to date if I had taken the pension ...
by Carl53
Wed Apr 05, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable SS Benefits
Replies: 28
Views: 2735

Re: Taxable SS Benefits

At least one state (Ohio) has no joint tax rate schedule. Couples and single filers use the same table. So couples are penalized by having one income stacked on top of the other and subjected to progressive tax rates. So filing separately is a benefit on state taxes which has be analyzed against po...
by Carl53
Sun Apr 02, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Beginning Portfolio Review
Replies: 6
Views: 387

Re: Resident Portfolio Review

Depending on the plan, the vesting time period might begin on the date of employment, date of joining the plan or date of contribution/match.
by Carl53
Sun Apr 02, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Beginning Portfolio Review
Replies: 6
Views: 387

Re: Resident Portfolio Review

Contributions Max Roth IRA each year HSA starting with next benefit enrollment period at work Otherwise, no firm contributions at the moment Employer has a 401k and matches but with a 5 year vestment period, so I would lose that since I will be leaving after 3 years of employment Your employer has ...
by Carl53
Mon Mar 27, 2017 6:27 am
Forum: Personal Consumer Issues
Topic: Need advice about massive changes in daughter's college program by dean
Replies: 52
Views: 4207

Re: Need advice about massive changes in daughter's college program by dean

livesoft wrote:Put yourself in the dean's shoes: The dean may not even have a job going forward except to turn out the lights.


I'll take that $300,000 job even they cut the pay 10%.
by Carl53
Sun Mar 19, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: 1st Request; Post-Retirement Plan Critique
Replies: 25
Views: 2090

Re: 1st Request; Post-Retirement Plan Critique

Or is "what hers is hers" and "what his is his" because after all these are "Individual" Retirement Accounts ? This one. We have full access authorizations to each others accounts, but you cannot combine them. We do have a joint account that most IRA contributions have...
by Carl53
Sat Mar 18, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Feedback - Young College Professor
Replies: 10
Views: 976

Re: Portfolio Feedback - Young College Professor

It appears that your annual combined salaries is $80k. You are solidly in the 15% bracket. Given this, drop your 457 contributions and divert them to your wife's Roth unless you are trying to get your MAGI down to the mid-60s and get yourselves eligible for the 10% Retirement Savers Credit. Consider...
by Carl53
Sat Mar 18, 2017 3:02 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2671
Views: 729364

Re: What Movie Have You Recently Watched?

Logan. I'm not an X-men guy, but this was good. Also saw Hacksaw Ridge. This was the only nominated movie I had not seen. For some reason, Mel Gibson maybe, SAG did not send this out as a screener to view. This was by far the best of the nominated movies. Andrew Garfield deserved best actor. Casey ...
by Carl53
Sat Mar 18, 2017 2:56 am
Forum: Personal Consumer Issues
Topic: Autonomous Vehicles and Drone Deliveries
Replies: 31
Views: 1938

Re: Autonomous Vehicles and Drone Deliveries

I'm waiting for Homeland Security to put the brakes on this. I hope they do before Pandora's box is fully opened. Thinking about this potential outcome would definitely keep me from investing in it.
by Carl53
Fri Mar 17, 2017 6:09 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning Help (for in-laws)
Replies: 7
Views: 876

Re: Retirement Planning Help (for in-laws)

Be sure MIL signs up for Medicare at 65, not 66.
by Carl53
Fri Mar 17, 2017 5:43 am
Forum: Investing - Help with Personal Investments
Topic: 401k worth the fees?
Replies: 10
Views: 991

Re: 401k worth the fees?

I had 118000 as of march of 16' now 150k with 18k I put in. I am not able to calculate a 22% return Assuming your initial value as of 3/16/16 and depositing 1500 per month on the 16th starting with the next month, a current value of 150k reveals an XIRR return of only 11.07%. Apparently the rest of...
by Carl53
Thu Mar 16, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Scenario
Replies: 16
Views: 1997

Re: Social Security Scenario

My husband and I are now looking to retire early, we do not have to take social security right away and we want time to do Roth conversions. Wife (me) is now 55, FRA is 67, PIA is $27,384 Husband is now 61, FRA is 66, PIA is $30,900 When you use the calculators suggested, be sure you understand whe...
by Carl53
Thu Mar 16, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: 1st Request; Post-Retirement Plan Critique
Replies: 25
Views: 2090

Re: 1st Request; Post-Requirement Plan Critique

Consider doing Roth conversions rather than just piling up cash as an Emergency Fund. Since you are past 59.5 you would have no penalty for withdrawing from converted Roth funds should you need it. If not then it grows tax free. Regarding SS, will you turn 64 this calendar year. If so, (actually ju...
by Carl53
Thu Mar 16, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Sallie Mae Rewards MC being discontinued
Replies: 154
Views: 18082

Re: Sallie Mae Rewards MC being discontinued

Just checked my account. Apparently I managed to have outstanding rewards totalling $1. Did everyone else actually receive the new card? I did not. Sent them an online message that I did not want to activate a card just to be able to close the account.
by Carl53
Thu Mar 16, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: 1st Request; Post-Retirement Plan Critique
Replies: 25
Views: 2090

Re: 1st Request; Post-Requirement Plan Critique

Consider doing Roth conversions rather than just piling up cash as an Emergency Fund. Since you are past 59.5 you would have no penalty for withdrawing from converted Roth funds should you need it. If not then it grows tax free. Regarding SS, will you turn 64 this calendar year. If so, (actually jus...
by Carl53
Thu Mar 09, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 3496

Re: Zero-Turn Mowers

Bought a demo 42 inch hustler a few years ago for $2000. Works great.
by Carl53
Tue Mar 07, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Filing a Social Security Application to Suspend Benefits
Replies: 2
Views: 295

Re: Filing a Social Security Application to Suspend Benefits

Hello, I'm turning 66 in June and want to file to defer/suspend benefits until I'm 70 and earn DRC. Can this be done on-line or do I call SS? Read a great post today on Restricted Applications that my wife will use once I file. But for me turning 66 in June, what way is the best way to suspend my b...
by Carl53
Tue Mar 07, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Roth Withdrawal Sanity Check
Replies: 6
Views: 619

Re: Roth Withdrawal Sanity Check

Are you still working? If you are retired you ought to be able to get the money out tax free. If you are still working the plan document may place some limitations on withdrawals.
by Carl53
Tue Mar 07, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application
Replies: 26
Views: 2304

Re: Social Security Restricted Application

Like a few others above I recently (October ) filed for spousal benefits, a week after my wife filed, a few months before her 66th birthday, for her full benefits. We both filed online, received no phone calls, and we got our first checks the month after she turned 66th. According to my notes there...
by Carl53
Mon Mar 06, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with lump sum? First time poster.
Replies: 10
Views: 1029

Re: What to do with lump sum? First time poster.

I came into some money and need to hang on to the principle (risk averse). I am currently retired with a small pension coming in. I haven't started social security benefits. The stock market is currently overpriced (in my limited opinion) and due for a major correction, from what I read. The bond m...
by Carl53
Sat Mar 04, 2017 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Refinance without PMI?
Replies: 27
Views: 1741

Re: Refinance without PMI?

Hi Bogleheads, I bought my first house almost two years ago and made several mistakes along the way. It was my personal goal to buy my first house without paying PMI and putting down 20%, but unfortunately it wasn't until signing day I discovered that wasn't the case. :oops: Each month I spend $343...
by Carl53
Mon Feb 27, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: standing water around house
Replies: 24
Views: 2115

Re: standing water around house

This can only lead to problems. Think mold, rot, insects.

Do you have a basement, crawl space or slab? Likely you will need drainage away from the house improved, but perhaps grading, French drains, sump pump or other remedies.
by Carl53
Mon Feb 27, 2017 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Why not to do ROTH Conversion
Replies: 29
Views: 3063

Re: Why not to do ROTH Conversion

All this assumes that my conversions can stay ahead of the TIRA gains. Unfortunately, NOT, it has been a little difficult recently to keep the TIRA balance from increasing despite substantial conversions. is this sarcasm or are you seriously objecting to having growth in your TIRA? If so, you are m...
by Carl53
Mon Feb 27, 2017 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Household budget
Replies: 28
Views: 3152

Re: Household budget

Are utilities in housing? Cell, gas, electric, cable?

Ditto on others asking about transportation, food and clothes. How about gifts or personal expenses.

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