Search found 319 matches

by Church Lady
Sat Jan 06, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA transfer to Traditional IRA in error
Replies: 7
Views: 514

Re: Roth IRA transfer to Traditional IRA in error

I would say you need to provide more detail before you can get a good answer. How does your custodian view the deposit into the traditional IRA? A contribution? A conversion? A recharacterization of a Roth contribution or conversion? Each has different consequences. How does your custodian view the ...
by Church Lady
Fri Jan 05, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 316
Views: 23573

Re: What frugal thing did you do today?

I shovelled my walk and driveway the old fashioned way (a shovel) instead of firing up a snow blower. That's a two hour workout for the cost of a snow shovel, and I can use the snow shovel again and again. Since my town is more or less snowed in, I prepared and ate all my meals at home. Since I have...
by Church Lady
Wed Jan 03, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10627

Re: Suddenly my mortgage doesn't seem that great

As filing status single, my standard deduction will be 12,000. My SALT deduction, as far as I can tell, is capped at 10,000 (not 5,000). So I can deduct my mortgage interest to the extent it exceeds 2,000. Is this correct? If I have additional deductions, such as charitable contributions, I can ded...
by Church Lady
Tue Jan 02, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10627

Re: Suddenly my mortgage doesn't seem that great

As filing status single, my standard deduction will be 12,000. My SALT deduction, as far as I can tell, is capped at 10,000 (not 5,000). So I can deduct my mortgage interest to the extent it exceeds 2,000. Is this correct? If I have additional deductions, such as charitable contributions, I can dedu...
by Church Lady
Sun Dec 31, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: New Tax Law Impact on Roth 401K
Replies: 21
Views: 2323

Re: New Tax Law Impact on Roth 401K

I am concerned that I will have to choose between doing so and taking Obamacare subsidies to cover health coverage. In my opinion, you need a backup plan for health care in case ACA isn't there when you need it. Here are a couple more thoughts for you. You don't say whether you've tried to quantify...
by Church Lady
Sat Dec 30, 2017 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Target Net Worth
Replies: 39
Views: 4505

Re: Target Net Worth

OP, I targeted 3.2M when I was in my twenties using a paper worksheet provided by T. Rowe Price. I assumed no social security and no pension. (Paper worksheet -- this is how long ago that was!) Only I do have a pension and if <temptation to make a political observation>, I'll collect Social Security...
by Church Lady
Sat Dec 30, 2017 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: New Tax Law Impact on Roth 401K
Replies: 21
Views: 2323

Re: New Tax Law Impact on Roth 401K

My opinion is that at least some of your contribution should be Roth simply because it will give you more flexibility in retirement. I think you have come to this conclusion yourself. You can split your contribution between the two types if that is what makes you comfortable. You may be aware the co...
by Church Lady
Sat Dec 23, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for month of the year to retire
Replies: 33
Views: 2521

Re: Strategy for month of the year to retire

I retired in 2Q. The date was actually determined by my apartment lease expiration. I retired one month before the lease expired to give me time to move out. Megacorp allows retirement only on the last day of the month. So the month was chosen by my lease, and the day by my company. How's that for a...
by Church Lady
Tue Dec 19, 2017 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Megacorp wants to change my bonus!
Replies: 25
Views: 4620

Re: Megacorp wants to change my bonus!

OP, A general principle of portfolio management is not to have too much invested in any one stock. When you buy stocks, you'll be advised to keep each name a low percentage of your portfolio; say, 5% - 10%. When you work for a company, you've got a lot 'invested' with them since they provide your sa...
by Church Lady
Sun Dec 10, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 6194

Re: Does this happen to you? Educating friends about personal finance

Finridge wrote:
Sun Dec 10, 2017 2:06 am
Church Lady wrote:
Sat Dec 09, 2017 3:58 pm

He told me about his retirement on his last day of work at Megacorp, and thanked me for PLANNING HIS RETIREMENT! Gulp! Fortunately, my advice was spot-on for the time so he did OK.

This is great. You should feel proud.
Thanks, Finridge!
by Church Lady
Sat Dec 09, 2017 4:17 pm
Forum: Personal Consumer Issues
Topic: Paying contractors for incomplete work
Replies: 32
Views: 2500

Re: Paying contractors for incomplete work

Not to rub salt into the wound, but even the Church Lady fixes her own toilet flapper. This from someone with virtually no strength, mechanical skills, or training. Youtube and Lowes/HD are your friends if you want to have a go at it. It takes longer to select a new flapper and find a youtube video ...
by Church Lady
Sat Dec 09, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 6194

Re: Does this happen to you? Educating friends about personal finance

A friend at work used to see me in the break room after work, watching financial TV. We got to chatting on a regular basis about financial matters, especially our Megacorp programs such as the 401K. Occasionally, he would ask me a very pointed question. Would I buy bonds at this time? Would I keep m...
by Church Lady
Sat Dec 09, 2017 12:11 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 242
Views: 15719

Re: Do people still use AAA?

I have AAA basic. If you call emergency service once every two years, it pays for itself. I tried to roll my own trip-tik from the internet once, when my car came with 3 years roadside assistance. I concluded it's better to pay AAA if you want a trip-tik. They've jumped my battery, replaced my batte...
by Church Lady
Sat Dec 09, 2017 11:46 am
Forum: Investing - Theory, News & General
Topic: Stocks always in taxable for tax efficient investing?
Replies: 101
Views: 7058

Re: Stocks always in taxable for tax efficient investing?

It's more nuanced than that. You can only put so much per year into Roth or tax deferred accounts, so your asset allocation may demand you place stocks in a taxable account. So much for choosing the best account! Mutual funds with large distributions are inefficient in a taxable account because you ...
by Church Lady
Sat Dec 09, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity charges to close accounts!
Replies: 65
Views: 22373

Re: Fidelity charges to close accounts!

The fee is disclosed at the time you open your account. When I opened mine decades ago, some guy (or lady) wearing a green eye shade in a back room had to do the work of closing the account, so maybe $50 was reasonable then. When I opened the account, a lot of places had the closing fee. Many charts...
by Church Lady
Sat Dec 09, 2017 8:31 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 65
Views: 8988

Re: Why is Vanguard switching all accounts to brokerage accounts?

Are they switching all accounts? :o I have multiple MFs with Vanguard, have been with them decades. I have had no solicitation to convert to a brokerage account. Just saying!
by Church Lady
Fri Dec 08, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions: how far should I go in 2017?
Replies: 15
Views: 1424

Re: Roth conversions: how far should I go in 2017?

Artsdoctor, very interesting and not well known, it would seem.
by Church Lady
Fri Dec 08, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions: how far should I go in 2017?
Replies: 15
Views: 1424

Re: Roth conversions: how far should I go in 2017?

1year23, Medicare premiums are based on your annual income. To determine your income at age 65, they look at your tax returns for prior ages 64 and 63. Before reading cas' post, I would have said Roth conversions artificially inflate your income. Now I'm not sure. To make things even more confusing...
by Church Lady
Fri Dec 08, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions: how far should I go in 2017?
Replies: 15
Views: 1424

Re: Roth conversions: how far should I go in 2017?

CnC, JW-retired, with respect to claiming social security. I hope to wait until FRA to claim. For me, that's almost 67 years old. At FRA, I can see where things stand and decide if I want to hold out longer. There's a benefit to claiming at 65, though. Apparently, if you have Medicare premiums deduc...
by Church Lady
Fri Dec 08, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions: how far should I go in 2017?
Replies: 15
Views: 1424

Re: Roth conversions: how far should I go in 2017?

And, just a reminder that if you could find a poor but nice person you could get hitched (with a pre-nup) and get a lot more room to deal with things. :D :D :D Can you defer your pension? Some give the option to defer for a few years and collect more later. This would let you substitute early withd...
by Church Lady
Thu Dec 07, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions: how far should I go in 2017?
Replies: 15
Views: 1424

Re: Roth conversions: how far should I go in 2017?

1year23,
Medicare premiums are based on your annual income. To determine your income at age 65, they look at your tax returns for prior ages 64 and 63. Before reading cas' post, I would have said Roth conversions artificially inflate your income. Now I'm not sure.
by Church Lady
Thu Dec 07, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions: how far should I go in 2017?
Replies: 15
Views: 1424

Re: Roth conversions: how far should I go in 2017?

Cas,
I totally did not realize that. Thanks!
by Church Lady
Thu Dec 07, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions: how far should I go in 2017?
Replies: 15
Views: 1424

Roth conversions: how far should I go in 2017?

I retired in early 2017. Wages and portfolio income put me in the 25% tax bracket, so I did a partial Roth conversion for 2017 to the top of the 25% tax bracket. It seemed a no-brainer. Of course, I have already contributed the maximum to my Roth IRA for 2017. Here is my problem. Between my tradiona...
by Church Lady
Mon Dec 04, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: VPN user -- can Vanguard remember my computer?
Replies: 4
Views: 531

VPN user -- can Vanguard remember my computer?

Each time I log onto Vanguard, it asks whether VG should remember my computer.

Now that I'm using a VPN, I don't know what to tell it. :?

Does anyone know how Vanguard 'remembers' my computer? If it is ip based, perhaps it cannot recognize my computer when I am using a VPN.

Thanks!
by Church Lady
Sun Dec 03, 2017 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: moved to another state in 2017 -- best tax software?
Replies: 6
Views: 642

moved to another state in 2017 -- best tax software?

In 2017, I moved from one state to another. I will have to file taxes in two states as a part year resident in each state. Most software I have looked at (Turbotax, etc) offers multiple federal filings ... and one state tax return. What I need is software that handles a move to another state .. that...
by Church Lady
Thu Nov 02, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 3416

Re: Do you Mow your own Lawn?

I hire someone to mow. For $35, I get a mow, edging, and weed whacking, front and back yard. He does a nice job. Between hired mows, I mow myself (no edging, no weed whacking) with a manual reel mower. No electric, no gas. Since my lawn is mostly flat, this isn't hard to do and I actually enjoy it. ...
by Church Lady
Sun Oct 15, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 8041

Re: What are you driving? And would you buy your current ride again?

Toyota Corolla. I love the dependability. As to whether I would get another, I always approach each car replacement with an open mind. Things change so much over a decade.
by Church Lady
Thu Oct 05, 2017 3:08 am
Forum: Investing - Theory, News & General
Topic: Peering into the future: tax brackets
Replies: 8
Views: 1257

Peering into the future: tax brackets

Hi, All, I want to know what federal tax brackets, exemptions, and the standard deduction will be when I turn 70 1/2 and have to start RMDs. For me, this is about ten years or so into the future. Of course the law can change at any time, but currently tax brackets, the personal exemption, and the st...
by Church Lady
Mon Oct 02, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a pay cut to work from home?
Replies: 67
Views: 5952

Re: Would you take a pay cut to work from home?

OP, If I were your age, I would take a pay cut to work from home, but not one of that magnitude. Are you sure the new company isn't just low balling you? You said nothing about medical and dental, but that's important, too. Realize that if you are home all day, you will probably spend more on heatin...
by Church Lady
Tue Sep 26, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: Weekend trip in Portland, Oregon - ideas?
Replies: 22
Views: 1535

Re: Weekend trip in Portland, Oregon - ideas?

If you are into roses, a visit to one of Portland's rose gardens might be in order. I recall visiting one such garden with my family years ago, but don't remember its name. This article here might help:

https://en.wikipedia.org/wiki/Roses_in_Portland,_Oregon

Enjoy your trip!
by Church Lady
Thu Sep 14, 2017 8:46 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 20459

Re: Is it really Worth it to brown bag your lunch at work?

The economics of brown bagging just don't work out, at least where I was working until I retired this year. For example, the cost of premium bagged salad at the grocery was the same per oz at the same type of greens at the salad bar at work. Only toppings were marked up, and I didn't have bagged sal...
by Church Lady
Mon Sep 11, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional 401K vs Roth 401K
Replies: 90
Views: 5684

Re: Traditional 401K vs Roth 401K

Hi, OP. I don't know how far out you are from retirement, but the further out you are, the more uncertain the future. We can't know your future filing status, future tax rates, how 401K withdrawals will affect your tax liability or your Social Security and Medicare benefits, or even whether these pr...
by Church Lady
Mon Sep 04, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Jason Zweig's tax bomb example
Replies: 28
Views: 3999

Re: Jason Zweig's tax bomb example

So this could really happen at any time after you purchase a mutual fund? In this example is happened right away but it could have occurred the following year or at any time as long as the fund had unrealized capital gains on the books before your purchase? Yes, it could. Some event forced the fund...
by Church Lady
Sun Sep 03, 2017 7:43 am
Forum: Personal Consumer Issues
Topic: Does anyone use Driving Shoes?
Replies: 40
Views: 4473

Re: Does anyone use Driving Shoes?

When I got my first car (stick shift), I had driving shoes because it made it easier to gain competence if the clutch felt the same each time I drove the car. After a few months of practice, I could wear anything on my feet.
by Church Lady
Fri Sep 01, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Need tax advice selling wellington
Replies: 33
Views: 2060

Re: Need tax advice selling wellington

I would like to sell wellington and go an with index funds but need tax advice on how to do this. I make about 35K in income a year with wellington and have no other income. I have a 40k gain in wellington. How do I sell wellington in the best way as not to get hit hard with taxes . I am also on ob...
by Church Lady
Fri Sep 01, 2017 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Need tax advice selling wellington
Replies: 33
Views: 2060

Re: Need tax advice selling wellington

OP, Take a look at this page here. http://www.moneychimp.com/features/tax_brackets.htm Scroll to the heading Where Tax Brackets Apply , and look at the diagram in that section. It illustrates nicely what's going on with different types of income as it applies to your taxes. I think you misspoke when...
by Church Lady
Fri Sep 01, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Need tax advice selling wellington
Replies: 33
Views: 2060

Re: Need tax advice selling wellington

OP, It would be irresponsible to give you advice if we don't know the following: your tax filing status and number of exemptions your state of residence and tax rate there your current portfolio (I know, Wellington) the nature of the income -- dividends and capital gains, I'm guessing but it's good ...
by Church Lady
Fri Sep 01, 2017 1:26 am
Forum: Personal Consumer Issues
Topic: Hurricane Harvey relief?
Replies: 42
Views: 3620

Re: Hurricane Harvey relief?

https://corporate.walmart.com/harvey?po ... ter+Relief

Wal-mart is matching donations 2-1.
by Church Lady
Tue Aug 29, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should we let MIL pay off our mortgage?
Replies: 69
Views: 9534

Re: Should we let MIL pay off our mortgage?

She subsides on $5,000/year. Really? If this is true, it's mind boggling. $5K doesn't even pay my annual medical premiums, and yet your MIL buys medical insurance, prescriptions, food, car, insurance, clothing, rent, cell phone, cable/internet, utilities, and perhaps a splurge at McDonald's. Wow. I...
by Church Lady
Tue Aug 29, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Have Zero Credit Cards?
Replies: 129
Views: 6980

Re: Bad Idea to Have Zero Credit Cards?

You should have a credit card for emergencies. For example, the mayor of your city orders a mandatory evacuation because a massive hurricane is bearing down on your town. Since you have the CC, the unexpected expenditure on gasoline, meals out, hotel rooms may be more than you'd like to pay, but at ...
by Church Lady
Sat Aug 26, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: Choosing between learning a language/learning martial art
Replies: 26
Views: 2484

Re: Choosing between learning a language/learning martial art

OP, You are young and conditioned. Do martial arts now while you are physically able. Twenty or thirty years from now, you don't want to be asking yourself why you never so much as tried to learn martial arts. A master of several martial arts was once asked which is the best martial art to learn. In...
by Church Lady
Sat Aug 26, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Ramp for a dog to get into a SUV
Replies: 13
Views: 1174

Re: Ramp for a dog to get into a SUV

Is it an option just to pick up the dog?
OP's dog weighs 100 pounds. That could get old really fast.
by Church Lady
Sat Aug 26, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Major career decision.. offer on table. Huge relocation decision.
Replies: 29
Views: 3431

Re: Major career decision.. offer on table. Huge relocation decision.

2. Benefits - Deductions will cost around $5400 more per year in the federal system vs. my current job. At my 4th-5th year, I would about break even by making more money to offset the cost of benefits. Until that time, I'd be lagging behind my prior job. The insurances and pension contributions ecl...
by Church Lady
Fri Aug 25, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Fixing Slow Drains
Replies: 40
Views: 3652

Re: Fixing Slow Drains

This helps in the tub: https://www.walmart.com/search/?query=shower%20drain%20hair%20catcher&typeahead=drain%20hair but isn't foolproof. Every once in a while I have to reach into the drain with needle nose pliers and pull out some hair. Follow up with drain cleaner. In the kitchen, I'm having good ...
by Church Lady
Mon Aug 21, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Possible January trip to Naples, Italy / Amalfi Coast
Replies: 37
Views: 2881

Re: Possible January trip to Naples, Italy / Amalfi Coast

Pardon me if you know this already... each of you should have one of these: https://www.amazon.com/AmazonBasics-RFID-Travel-Money-Khaki/dp/B00WTHJ3S2/ref=sr_1_7?ie=UTF8&qid=1503365991&sr=8-7&keywords=money+belt+rfid or something like it. I'd pay a little extra for comfortable fabric. Your 'day walle...
by Church Lady
Mon Aug 21, 2017 7:39 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 17154

Re: How far would you travel to see The Eclipse?

I watched it on TV, only today (of all days!) the signal is flaky. I did get to see the corona on the TV. It was neat to see the sun spitting stuff out. I doubt I would have seen that had I showed up in person. I also had NASA TV going on the computer. About 15 minutes before the maximum in my area,...
by Church Lady
Mon Aug 21, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: My girlfriend and her 401K, need to give her advice
Replies: 61
Views: 5674

Re: My girlfriend and her 401K, need to give her advice

OP, I think the best thing you could do is encourage her to read and post on Bogleheads. Maybe you could get her a few personal finance books too. It's good that you want her to make good choices, and it's good that you're concerned, but she has to feel comfortable with it, understand it, and believ...
by Church Lady
Mon Aug 21, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring Work Locations - Cost of Living Decrease?
Replies: 17
Views: 1860

Re: Transferring Work Locations - Cost of Living Decrease?

When I worked for Megacorp, Megacorp paid a 'hardship premium' to employees based in Alaska and Hawaii. That was due to the very high cost of living. If the employee left the HCOL area, he also left the hardship premium. I am not aware of any other US areas that were classified as hardship areas. I ...
by Church Lady
Mon Aug 21, 2017 7:12 am
Forum: Personal Consumer Issues
Topic: Your opinion on [a tower fan]
Replies: 4
Views: 533

Re: Your opinion on [a tower fan]

I got one on the clearance rack for $12, regular price $60. It's a nice looking unit, and very quiet. The footprint is small, but it's not very powerful. I ended up putting it on my desk to cool me down as I work. Unlike most fans I have, it is not powerful enough to cool from, let us say, 5 feet aw...