Search found 730 matches

by Cody
Mon Feb 01, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Is divorced spouse entitled to spouses Social securtity?
Replies: 21
Views: 2096

Re: Is divorced spouse entitled to spouses Social securtity?

I promise this will be the last question on this.

We looked through the linked doc for SSA and couldn't quite figure out which section applies here.

Could you let us know which section# and or letter you think applies.

So much thanks,
cody
by Cody
Mon Feb 01, 2016 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Is divorced spouse entitled to spouses Social securtity?
Replies: 21
Views: 2096

Re: Is divorced spouse entitled to spouses Social securtity?

Mike you rule.

Ok then I had read that then after two years of divorce she is eligible for a different benefit. Or is that not true since she is taking this spousal benny?

Thanks,
cody
by Cody
Mon Feb 01, 2016 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Is divorced spouse entitled to spouses Social securtity?
Replies: 21
Views: 2096

Re: Is divorced spouse entitled to spouses Social securtity?

Great help.

So Wednesday she will go into the SS office and request:
1. Spousal benifit based on his record (he is taking it currently).
2. Request a 6 month backdate of that benefit.

Anything else?

Thanks,
cody
by Cody
Mon Feb 01, 2016 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - Ten key years + Summary
Replies: 61
Views: 9358

Re: Retirement - Ten key years

Hello Peter, I guess I'd start with how retirement saving is different from retiremet spending psychologically . We work our entire life accumulating and the "suddenly" we have to reverse the process. To me that realization needs to be visited before any "next step". How do we sh...
by Cody
Mon Feb 01, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Is divorced spouse entitled to spouses Social securtity?
Replies: 21
Views: 2096

Re: Is divorced spouse entitled to spouses Social securtity?

Mike or others could you explain this please.

Edited to add: In fact, if he is entitled, when she applies ASAP for spousal benefits, she should backdate her application for the maximum 6 months.

Why would this help?

Thanks,
cody
by Cody
Fri Jan 29, 2016 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Is divorced spouse entitled to spouses Social securtity?
Replies: 21
Views: 2096

Re: Is divorced spouse entitled to spouses Social securtity?

Can she do that if she currently is taking hers now (on her record). Started at 62 on her record and now can she take spousal on his?


T
cody
by Cody
Fri Jan 29, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Is divorced spouse entitled to spouses Social securtity?
Replies: 21
Views: 2096

Is divorced spouse entitled to spouses Social securtity?

After reading the SSA info on this situation I'm a bit confused. Situation: They have been married more than ten years. She started her social security at age 62 (is now 67). Not sure if is taken SS but is age 68. He earned significantly more than she did. It looks like she needs to wait 2 years whe...
by Cody
Tue Jan 26, 2016 9:24 am
Forum: Personal Consumer Issues
Topic: I think MacBook Air has a "bug"
Replies: 32
Views: 2164

Re: I think MacBook Air has a "bug"

Try shutting it off and rebooting. That will cure many ills.

Or call Apple support - they are great.

Good luck,
cody
by Cody
Sun Jan 03, 2016 12:48 pm
Forum: Personal Consumer Issues
Topic: Minivan or not?
Replies: 50
Views: 3825

Re: Minivan or not?

The Honda Odessey in Minnesota is terrible on snow and ice. Owner friends feel the same. We now all get Ice 2 from Michelin but they are $600 plus and $120 a year to rotate out (didn't buy new rims for them). The Bizzack tire by Firestone did not do the job (slipped on wet areas during rain for exam...
by Cody
Wed Dec 30, 2015 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Just double checking on when I can pay Roth Conversion Tax
Replies: 5
Views: 327

Re: Just double checking on when I can pay Roth Conversion Tax

For fed tax that IRS DirectPay sight looks like the ticket. Thanks livesoft.

For Minnesota tax is still beleive I have until Jan 15. I'll explore that website once I do the conversion.

Thanks,
cody
by Cody
Wed Dec 30, 2015 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Just double checking on when I can pay Roth Conversion Tax
Replies: 5
Views: 327

Just double checking on when I can pay Roth Conversion Tax

Its my understanding that I have until January 15 of 2016 to pay Roth conversion Federal Tax. (just set up EFTSP for paying fed tax but must now wait up to a week for a pin). And of course I have to make that 2015 Roth conversion in 2015 (next 2 days).

Sound right?
Thanks,
cody
by Cody
Sat Dec 26, 2015 10:06 am
Forum: Personal Finance (Not Investing)
Topic: [What will you do differently in] 2016
Replies: 62
Views: 6417

Re: [What will you do differently in] 2016

Cheese-breath said
Nothing. I never make New Year's resolutions


You just made one! :happy

best,
cody
by Cody
Tue Dec 22, 2015 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion vs "Tax gain harvesting"
Replies: 7
Views: 449

Re: Roth conversion vs "Tax gain harvesting"

What happens to an inherited cost basis equity should we die? (no plans there but...). Does it automatically reset to 0?

Thanks,
cody
by Cody
Mon Dec 21, 2015 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion vs "Tax gain harvesting"
Replies: 7
Views: 449

Re: Roth conversion vs "Tax gain harvesting"

Minnesota does not follow the Feds. It does not follow the Federal bracketing of LTCG. So even though I pay 0% if I stay the 15% Tax Bracket Minnesota takes a 7.5% cut. As far as my RMD tax brackets - we will be right on the line between 15% and 25% tx bracket with pensions, SS and RMD. It will take...
by Cody
Mon Dec 21, 2015 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion vs "Tax gain harvesting"
Replies: 7
Views: 449

Roth conversion vs "Tax gain harvesting"

I have about three years of "window" until I take Social Securtiy at age 70. I was going to do a Roth conversion up to the top of the 15% tax bracket. Done deal. Them I read Michael Kitces article explaing the advantages of tax gain harvesting. Sell a fund, buy back immediately and thus re...
by Cody
Sat Dec 19, 2015 10:06 am
Forum: Personal Consumer Issues
Topic: Camera recommendations
Replies: 10
Views: 772

Re: Camera recommendations

Canon PowerShot ELPH 350 HS Digital Camera with 20.2 Megapixels and 12x Optical Zoom

Good luck,
cody
by Cody
Fri Dec 18, 2015 9:58 am
Forum: Personal Finance (Not Investing)
Topic: spending (which asset(s) to tap first)
Replies: 10
Views: 964

Re: spending (which asset(s) to tap first)

Could we discuss a little about putting VSMGX (Vanguard LIfestategy Moderate Growth Fund ) into tax deferred and taxable . I have thought about that idea for some time. Especially as I age. I have too questions: 1) how do you view taxes in the taxable account (that will occur with 50% or so bond all...
by Cody
Fri Dec 18, 2015 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion: Do it online or on the phone?
Replies: 7
Views: 557

Re: Roth Conversion: Do it online or on the phone?

Thanks all. I'll do that Roth Conversion at VG online. And probably do an estimated tax fed and state online too.

Best all,
cody
by Cody
Thu Dec 17, 2015 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion: Do it online or on the phone?
Replies: 7
Views: 557

Re: Roth Conversion: Do it online or on the phone?

Do you remember seeing a box to check for withholding $0. Did it ask if you wanted tax withheld?
Thanks,
cody
by Cody
Thu Dec 17, 2015 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion: Do it online or on the phone?
Replies: 7
Views: 557

Roth Conversion: Do it online or on the phone?

Is there any compelling reason to place a Roth Conversion order using the phone versus doing it online?

I did a dry run of the Roth Conversion at Vanguard - but did not get a place asking how much tax to withhold (I want $0 withheld) . Maybe I didn't go far enough into the test run?

Thanks,
cody
by Cody
Tue Dec 15, 2015 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I continue to postpone Social Security?
Replies: 27
Views: 2406

Re: Should I continue to postpone Social Security?

I wonder if the OP factored in the cumulative amount of the restricted application between his FRA and his filing at age 70 when calculating the break-even age. Most don't, although break-even is non-consequential in my opinion. Vested 1: I did indeed count the restricted app dollars as part of the...
by Cody
Sun Dec 13, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue to postpone Social Security?
Replies: 27
Views: 2406

Should I continue to postpone Social Security?

I'm 67 in February, 2016 and had planned on continuing my postponement of SS. I recieve a "Restricted Application SS" based on my wife's record which covers roughly 25% of the "floor" of our expenses The cost to delay: Because the Restricted App. covers 25% of our expenses we hav...
by Cody
Sun Nov 22, 2015 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Is W-2 the sole requirement of buying a Roth
Replies: 16
Views: 1177

Re: Is W-2 the sole requirement of buying a Roth

From the link provided by LadyGeek. What Is Not Compensation? Compensation does not include any of the following items. Earnings and profits from property, such as rental income, interest income, and dividend income. Pension or annuity income. ** Deferred compensation received (compensation payments...
by Cody
Sat Nov 21, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Is W-2 the sole requirement of buying a Roth
Replies: 16
Views: 1177

Re: Is W-2 the sole requirement of buying a Roth

Hum? How did you find out you could not buy roths?

cody
by Cody
Sat Nov 21, 2015 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Is W-2 the sole requirement of buying a Roth
Replies: 16
Views: 1177

Re: Is W-2 the sole requirement of buying a Roth

Thanks, I'll check the w-2 when I get home.
cody
by Cody
Sat Nov 21, 2015 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Is W-2 the sole requirement of buying a Roth
Replies: 16
Views: 1177

Is W-2 the sole requirement of buying a Roth

Although my wife and I are both on social security and have pensions (none of which qualifies us for Roth purchases) she does get a W-2 tax form. Does that qualify us to purchase Roths? My research, although limited, seems to indicate that the W-2 is "earned income" and thus we can purchas...
by Cody
Sun Nov 15, 2015 11:11 am
Forum: Investing - Help with Personal Investments
Topic: What would be the likely [tax] cost of a 50-50 Target Fund in taxable
Replies: 14
Views: 1308

Re: What would be the likely [tax] cost of a 50-50 Target Fund in taxable

Thanks so much for all the help.

grabiner - just to clarify- that would be $176 per year for a $100,000 holding Target 2015 in taxable (in 2014). Plus Minnesota State tax on Short Term Cap gains. That sounds like too little somehow.

Thanks,

cody
by Cody
Sat Nov 14, 2015 10:46 am
Forum: Investing - Help with Personal Investments
Topic: What would be the likely [tax] cost of a 50-50 Target Fund in taxable
Replies: 14
Views: 1308

Re: What would be the likely [tax] cost of a 50-50 Target Fund in taxable

This is my chance to really show my ignorance. If you had purchased $100K of TR 2015 on Jan. 2, 2014 you'd have bought about 6,803 shares at $14.70. In Dec. 2014 the fund distributed the following per share: Dividend $0.28400 ST Cap Gain $0.02500 LT Cap Gain $0.14300 So you have received $.452/share...
by Cody
Thu Nov 12, 2015 11:35 am
Forum: Investing - Help with Personal Investments
Topic: What would be the likely [tax] cost of a 50-50 Target Fund in taxable
Replies: 14
Views: 1308

What would be the likely [tax] cost of a 50-50 Target Fund in taxable

What would be the likely total cost of putting $100K into a 50-50 Target Fund (Vanguard Target Retirement 2015 Fund (VTXVX) in taxable (in the 15% tax bracket). $100K is just for example sake. Don't worry about all the benefits to have Total Stock Market and FTSE in taxable as I now have. I know its...
by Cody
Thu Nov 05, 2015 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay a CPA to fill out form 709 (Gift form)?
Replies: 21
Views: 1200

Re: Should I pay a CPA to fill out form 709 (Gift form)?

I'm not sure that "loan" will work since we closed 6 months ago. We have no records of such a loan. I had thought of that at the time but didn't go through with it. So looks like my options are 1) Do it myself 2) CPA 3) EA Still not sure how to find an EA. I'll see what a google seach does...
by Cody
Wed Nov 04, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay a CPA to fill out form 709 (Gift form)?
Replies: 21
Views: 1200

Re: Should I pay a CPA to fill out form 709 (Gift form)?

Firstly, she is divorced now. Which is of course bad in some ways. But good in that we were going to sell the place to them as "husband and wife" which would of ment that the husband, who bolted, would have been entitled so half the house assets. Thus, since my daughter it not married, we ...
by Cody
Wed Nov 04, 2015 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay a CPA to fill out form 709 (Gift form)?
Replies: 21
Views: 1200

Re: Should I pay a CPA to fill out form 709 (Gift form)?

Not sure what an enrolled agent is?

Thanks,
cody
by Cody
Wed Nov 04, 2015 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay a CPA to fill out form 709 (Gift form)?
Replies: 21
Views: 1200

Should I pay a CPA to fill out form 709 (Gift form)?

In 2015 we gifted our daughter a down payment (plus a few other expenses) for a condo we had owned. The amount of the gift was about $40,000 ($30,000 gift of assets and $10,000 forthe difference between the sale price and appraised value. (We did not use a realtor so can justify the lower sale price...
by Cody
Wed Oct 07, 2015 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Older Investors Seeking Guidance
Replies: 31
Views: 2498

Re: Older Investors Seeking Guidance

As far as leaving Ameriprize - depending on what time of account you have there , there may be surrender fees for "early withdrawal". For example we had to wait 3 years (American Funds Contra) to go to $0 in fees. Secondly, most of the work of changing to say Vanguard, is rather done "...
by Cody
Wed Oct 07, 2015 8:35 am
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of 2 lower income years in early retirement ?
Replies: 58
Views: 4573

Re: How to take advantage of 2 lower income years in early retirement ?

Didn't see this anywhere and don't know if your state is one of, I believe 37, states that always taxes capital gains at their state income rate. So be prepared, if you sell something with cap gains, that you are aware of the state tax as well. Also not sure if the fact that you may be "reinves...
by Cody
Sun Oct 04, 2015 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Can you pay off a Stafford loan early and still ....
Replies: 1
Views: 266

Can you pay off a Stafford loan early and still ....

Can you pay off a Stafford loan early and still recieve the forgiveness part of the loan (which comes after 10 years)?
So you would pay of your part faster than 10 years and recieve the forgiveness then.
Thanks,
cody
by Cody
Wed Sep 23, 2015 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Skill level to replace Tips fund with individual tips?
Replies: 48
Views: 3764

Re: Skill level to replace Tips fund with individual tips?

Wow! Just as I had thought, buying individual tips is about knowledge and experience. Thanks for help on both fronts. Just to add a bit to my post. I am 66 (wife 63) years old. She is on Social Security, I'm waiting to take SS but am paying for that with my dime. So not in the accumulation stage. We...
by Cody
Tue Sep 22, 2015 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Skill level to replace Tips fund with individual tips?
Replies: 48
Views: 3764

Skill level to replace Tips fund with individual tips?

I'm wondering how much time, energy and most importantly, skill level (knowledge) one needs to exchange from Vanguard short terms tips fund (VTIPX) to buying invidual tips. I would love not to make the move but the more I read about individual tips in general the more I'm convinced I may have to mak...
by Cody
Wed Sep 16, 2015 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Question
Replies: 5
Views: 916

Re: Social Security Question

Search for Mike Piper's "Oblivious Investor" for many clear explainations.
cody
by Cody
Thu Sep 03, 2015 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Dividends are taxed at ?
Replies: 4
Views: 557

Dividends are taxed at ?

What is the tax rate of taxable fund dividends (Total Stock Market) that are not reinvested but deposited in Prime Money Market. So based on your answer is it better to reinvest or put the money in Prime Money Market. (I'm in retirement,15% tax bracket, need to take some money out the fund anyway an...
by Cody
Fri Jul 24, 2015 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Father passed - helping my mom invest her assets
Replies: 24
Views: 2630

Re: Father passed - helping my mom invest her assets

Aren't family dynamics wonderful. It looks like you are neck deep in this one. I've been there and hope for the very best for all of you. Remember to protect yourself and your wife first. You currently are helping make this "work". But don't forget about the stress and how that is playing ...
by Cody
Mon Jun 22, 2015 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 31
Views: 5755

Re: Age to Take Social Security: The Ideal and the Reality

Don't forget the benefit of the "restrictive application". I'm doing that (taking half of my wife's full retirement benefit) while I wait to take my SS.

BONUS!

Best,
cody
by Cody
Thu May 28, 2015 9:00 am
Forum: Personal Consumer Issues
Topic: New or Used Honda Odyssey
Replies: 46
Views: 5419

Re: New or Used Honda Odyssey

I'm going to start a new post later (after this discussion fades).

My Odessey is also awful in snow (had 4 Carivans with no problems). I hate it!

I want to find if anyone has found anything that will help. (tried 3 different tires)

But again for a later post.

Best,
cody
by Cody
Wed May 27, 2015 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Think you have figured out the market yet - a great quote
Replies: 4
Views: 788

Think you have figured out the market yet - a great quote

Quote By Micheal Santori of Yahoo Finance:
But it’s never possible to figure out exactly what set of calculations, expectations, hopes and delusions is priced into markets at any given moment.

Is this one of the best ever?

Cody
by Cody
Sat May 16, 2015 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Anybody 50/50?
Replies: 78
Views: 7359

Re: Anybody 50/50?

Didn't read every post here one but one can't forget the impact of taxes. We are currently 48-52 before taxes and 44-56 after taxes (maybe not a big difference) but could come into more play with a different portfolio (meaning if you had more in say tax deferred or Roths or taxable than we do it mig...
by Cody
Mon May 11, 2015 8:34 am
Forum: Investing - Theory, News & General
Topic: Bonds: All Treasuries or Mixture?
Replies: 17
Views: 2164

Re: Bonds: All Treasuries or Mixture?

Could someone explain the "meaning" of the per cents as given. Are they suggested upper limits. Are they % of the entire portfolio or just of the fixed side. What is the context of the numbers is what I am asking. Recommended Vanguard gov't bond funds: http://paulmerriman.com/vanguard/ Tha...
by Cody
Wed Apr 29, 2015 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Which funds go where?
Replies: 11
Views: 1013

Re: Which funds go where?

Thanks for that help Duckie. I see you switched Ftse to International fund - I assume for more international exposure. Is 4% worth it? I have given off and on thought to international bonds (when CD's come due in a few years) but just not sure on that. I assume Total Stock in Roths for max gain in t...
by Cody
Wed Apr 29, 2015 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Which funds go where?
Replies: 11
Views: 1013

Re: Which funds go where?

Here are the approximate fund percent of entire portfolio. Taxable (but probably off limits for changes in 2015) due to cap gains but would take suggestions. (ALL FUNDS AT VANGUARD) Total Stock Market - 6% Ftse-All World except US - 10% Total = 16% His Rollover IRA Total Stock Market - 11% Total Bon...

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