Search found 32 matches

by IndigoE
Sun Mar 18, 2018 7:03 am
Forum: Personal Finance (Not Investing)
Topic: What address do people put if they live in their car?
Replies: 37
Views: 5219

Re: What address do people put if they live in their car?

We want our own address now so, we're trying to figure out how to keep a small low cost footprint in the U.S. Without getting bogged down again. Any suggestions? We're partial to New Mexico which has low taxes. Double check this. When I lived there, admittedly many years ago, they had something cal...
by IndigoE
Thu Mar 15, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: What address do people put if they live in their car?
Replies: 37
Views: 5219

Re: What address do people put if they live in their car?

Love this thread full of good advice and tips on "alternative" living situations. My husband and I (retirement age) got out of the Peace Corps last year after 3 years. Before joining up we sold our house, shed piles of stuff, and stored the rest ($130 per month). After leaving Peace Corps last July,...
by IndigoE
Thu Mar 15, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 20
Views: 1337

Re: Spousal deductible Trad Contribution

Thank you one and all for your words of wisdom, caution and overall interesting angles to consider. We decided to re-characterize a Trad to Roth conversion we had made just to avoid ambiguities elsewhere. I know this is the last year such an "unwind" can be done so, why not exercise our options (Jok...
by IndigoE
Mon Feb 26, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 20
Views: 1337

Re: Spousal deductible Trad Contribution

Indigo, The way the law is written, it is very tricky and may not make sense. However, the only way you can make IRA contribution based on your spouse's earned income is for you to make less. This opportunity does not exist for equal or more compensation on your part. Maybe he actually made 4,501 o...
by IndigoE
Sat Feb 24, 2018 4:26 am
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 20
Views: 1337

Re: Spousal deductible Trad Contribution

If you are married filing jointly, all that matters is your joint income. That may or may not be how the law is applied, but it is not how the law is written. Only the lower compensated spouse can make a Kay Bailey Hutchison Spousal IRA. If the husband's compensation is greater than the wife's then...
by IndigoE
Fri Feb 23, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 42984

Re: What frugal thing did you do today?

First of all, I'm spending the winter in Marrakech, Morocco so, no heating bills. Beyond that I made lentil soup from scratch (of course) for lunch and my husband is making dinner as I write. Couldn't be more frugal or Mor fun! Thank you for setting a great example! What was for dinner? ... Sorry I...
by IndigoE
Fri Feb 23, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 20
Views: 1337

Re: Spousal deductible Trad Contribution

Is Peace Corp income taxable? Publication 590 says you can only contribute to IRA taxable compensation . Apparently it is taxable. Could not find a more recent version of this Guide, but maybe it will be helpful for the IRA and other things too. http://files.peacecorps.gov/multimedia/pdf/policies/t...
by IndigoE
Fri Feb 23, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 20
Views: 1337

Re: Spousal deductible Trad Contribution

THanks for removing the duplicate post... I had an error message that said to retry. And I did without first checking to see if it had posted. Sorry!
by IndigoE
Fri Feb 23, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 20
Views: 1337

Re: Spousal deductible Trad Contribution

Thank you all! I love this forum :D .. To answer some questions: Although we served in Peace Corps overseas (Morocco), the income in not considered "foreign" for IRS purposes. I have not yet turned 70.5 and our other income is such that we actually wanted to reduce our "out of pocket" tax payment th...
by IndigoE
Thu Feb 22, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 20
Views: 1337

Spousal deductible Trad Contribution

My husband is past the 70.5 age limit so cannot contribute to his deductible Trad IRA. We each made a small amount of income in the Peace Corps ($4500 each). We file a joint return. Can I contribute all of mine and some of his to reach the $6500 max? I couldn't find anything addressing this specific...
by IndigoE
Wed Jan 10, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 42984

Re: What frugal thing did you do today?

First of all, I'm spending the winter in Marrakech, Morocco so, no heating bills. Beyond that I made lentil soup from scratch (of course) for lunch and my husband is making dinner as I write. Couldn't be more frugal or Mor fun!
by IndigoE
Sun Feb 14, 2016 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Key West and everglades trip
Replies: 41
Views: 5326

Re: Key West and everglades trip

Hello! My husband and I have spent a lot of time in the Everglades (we were even "artists in residence" for a month one January). We love every inch of it. Generally we camp there for two weeks at a stretch. And yes, the Anhinga Trail is a show stopper. However, I would not go in June. Its unbearabl...
by IndigoE
Tue Dec 01, 2015 11:24 am
Forum: Investing - Theory, News & General
Topic: VBILX vs VBTLX for 3 fund portfolio
Replies: 21
Views: 6542

Re: VBILX vs VBTLX for 3 fund portfolio

Is there a reason you prefer the funds listed here to equivalent ETF's?
by IndigoE
Wed Nov 04, 2015 10:30 am
Forum: Personal Consumer Issues
Topic: Low-cost and low-maintenance hobbies?
Replies: 69
Views: 9519

Re: Low-cost and low-maintenance hobbies?

I'm a Peace Corps volunteer in Morocco.. I needed an inexpensive way to introduce "creativity" into my program (I'm a professional artist/painter. I decided on collage: all you need is scrap paper and glue (glue stick is easiest). Now I'm addicted to it myself. I'm working on my own pieces and will ...
by IndigoE
Sun Nov 01, 2015 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Stick out miserable job for health insurance in retirement?
Replies: 62
Views: 9771

Re: Stick out miserable job for health insurance in retirement?

Leave! Find a job you love (then health insurance will be less important. Happiness is a big contributor to health and you will never get those miserable years back. Only work at a job you hate if it is absolutely necessary.
by IndigoE
Sun Oct 11, 2015 9:17 am
Forum: Personal Consumer Issues
Topic: Thinking of quitting job for a year of travel
Replies: 59
Views: 6481

Re: Thinking of quitting job for a year of travel

Yes, do it! To me, the most ephemeral and precious aspect of life is fulfilling experience (including relationships). Money can be replaced, experience cannot. You have been offered a treasure trove of wisdom and experience above. I will add two suggestions. First, have you considered Peace Corps? (...
by IndigoE
Fri Jul 18, 2014 8:38 am
Forum: Personal Finance (Not Investing)
Topic: It is time to retire when you .......
Replies: 104
Views: 13000

Re: It is time to retire when you .......

As self-employed artists with low incomes but even lower out goes, people have been asking us if we are retired for decades. The first time we walked the Camino in our late 50's we realized we could simplify further, the second time in our mid sixties showed the way (accidental pun!) to even further...
by IndigoE
Mon Dec 23, 2013 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: IRA basis
Replies: 3
Views: 336

Re: IRA basis

Thank you, thank you! I will sleep better tonight.
by IndigoE
Mon Dec 23, 2013 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: IRA basis
Replies: 3
Views: 336

IRA basis

I think I screwed up! Thinking Trad. IRA's were just taxed as income when withdrawn... and that Roth IRA's grew "sheltered", I have not kept track of the basis of either. I just converted a small portion of Trad to Roth because my income is low this year. Will this amount just be treated as ordinary...
by IndigoE
Wed Feb 27, 2013 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bank fraud on my business account; left high and dry by bank
Replies: 37
Views: 4487

Re: Bank fraud on my business account; left high and dry by

I would find a good local Credit Union. I switched years ago and have never looked back... Great rates for loans or deposits, helpful employees.
by IndigoE
Sat Jan 26, 2013 8:55 pm
Forum: Personal Consumer Issues
Topic: Finding a jeweler to reproduce a vintage ring
Replies: 11
Views: 2144

Re: Finding a jeweler to reproduce a vintage ring

If you have a good "high end" out-door art exhibit in your area, that is probably the best place to find a really competent jeweler. Most of them know each other and if you ask one who does the kind of work you are looking for, you will be directed to one... Another term for Bead and Bright... depen...
by IndigoE
Wed Apr 04, 2012 9:24 am
Forum: Personal Consumer Issues
Topic: diesel vs gas
Replies: 14
Views: 1605

Re: diesel vs gas

OK! Although I never give investment advice... (not qualified)... I read this forum regularly and feel I can offer my experience with a diesel vehicle. As an artist who drives back and forth across the country several times a year... I LOVE my diesel Mercedes Sprinter van (2003 med length high top) ...
by IndigoE
Mon Mar 05, 2012 11:53 am
Forum: Personal Consumer Issues
Topic: Early retirement to Florida
Replies: 177
Views: 22929

Re: Early retirement to Florida

This sounds pretty cool. I agree with the exception of.... will have our first health insurance this year with medicare (the best insurance is exercise/fresh home-made food/satisfying lifestyle - no guarantees). Sounds a little risky to me although as Taylor has taught us "there is more than one ro...
by IndigoE
Sun Mar 04, 2012 4:26 pm
Forum: Personal Consumer Issues
Topic: Early retirement to Florida
Replies: 177
Views: 22929

Re: Early retirement to Florida

Hello, My husband and I will never retire (artists) but the economic downturn was a "heads up". We had already sold our house (2003: proceeds in CD's through crash) and were renting but decided to do another serious cull of belongings (1/2010) and put the rest in storage (10' x 20' with room for sh...
by IndigoE
Sat Mar 03, 2012 2:47 pm
Forum: Personal Consumer Issues
Topic: Early retirement to Florida
Replies: 177
Views: 22929

Re: Early retirement to Florida

Hello, My husband and I will never retire (artists) but the economic downturn was a "heads up". We had already sold our house (2003: proceeds in CD's through crash) and were renting but decided to do another serious cull of belongings (1/2010) and put the rest in storage (10' x 20' with room for she...
by IndigoE
Sat Mar 03, 2012 1:12 pm
Forum: Investing - Theory, News & General
Topic: Prosper/LendingClub Tax Reporting
Replies: 45
Views: 4424

Re: Prosper/LendingClub Tax Reporting

As tempted as I am in these times of no-interest bonds, these services seem to have some serious weaknesses. 1) Use seems limited to IRAs, since tax effects are awful, and my space is fairly limited 2) They seem pretty correlated with equities when it's important, forfeiting a lot of the value of b...
by IndigoE
Fri Mar 02, 2012 10:26 pm
Forum: Investing - Theory, News & General
Topic: Prosper/LendingClub Tax Reporting
Replies: 45
Views: 4424

Re: Prosper/LendingClub Tax Reporting

Although the question of interest <$10 vis a vis 1099's is compelling... I have just learned of prosper.com and think I will invest. Any advice or suggestions?
by IndigoE
Thu Jul 15, 2010 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Buying and selling stock in a Roth account.
Replies: 12
Views: 1801

Buying and selling stock in a Roth account.

Is it true that there are no tax liabilities within a Roth account when one sells a stock? In other words are there short term capital gains or penalties if you sell and then buy the same stock back again in a short time (weeks or months)?. I sold a stock, regretted selling it and want to buy it bac...
by IndigoE
Thu Jul 15, 2010 2:03 pm
Forum: Personal Consumer Issues
Topic: Cutting Hair Myself To Save $$ and Better Results!
Replies: 41
Views: 5767

Good Scissors

I have been cutting my husbands hair for about 40 years...about 25 years ago I began to cut my own. We both have short hair and get compliments on our haircuts... the key is to have good tools! I bought Hoffritz professional haircutting shears for years until I discovered Tweezer Man. This company h...
by IndigoE
Tue Jul 13, 2010 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Where to begin
Replies: 9
Views: 1639

Thank you to both "ra"i and "WiscSooner" for your suggestions. I will read the bogleheads retirement guide AND put off the temptation of collecting SSI though I am considering the "take it and return it " option. I will do some research and come back with specific questions. It all seems daunting wh...
by IndigoE
Mon Jul 12, 2010 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Where to begin
Replies: 9
Views: 1639

OK... I went to Wiki, and see we have a lot of research to do first!
by IndigoE
Mon Jul 12, 2010 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Where to begin
Replies: 9
Views: 1639

Where to begin

Greetings, I'm new to this forum and have so many questions. My husband and I are and always have been (believe it or not) full time artists, both paint mostly landscapes. We have managed to support ourselves, save money and dodge financial disaster up until now. As artists are somewhat intuitive, w...