Search found 480 matches

by Jackson12
Sun Apr 23, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: LLC taxes- discrepancy between Tax preparer instructions and official government form
Replies: 0
Views: 7

LLC taxes- discrepancy between Tax preparer instructions and official government form

I may be missing something but I am worried that I missed a due date for our LLC taxes. I need input. Our tax preparer will not be available till the end of the month. He was available for a day after taxes were due but I didn't note he possible discrepancy till after that. Here's the situation: 1. ...
by Jackson12
Thu Apr 20, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1092

Re: Munis and effect of pension funds on them and risks for portfolio

Muni's to sell would be : Short Term Priced at a Premium Taxable Gain Low Yield to Maturity Replacement Muni's would be : Long Term Higher Yield to Maturity Priced close to Par (my personal preference) I was looking at a Muni last night priced at 100, 13 years to maturity, AAA rated, YTM = 3.0%. Th...
by Jackson12
Thu Apr 20, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1092

Re: Munis and effect of pension funds on them and risks for portfolio

Jackson, It's still difficult to be able to recommend specifics, but there is definitely something to know about your inherited individual munis. Remember that your Medicare premium is based on your modified adjusted gross income (MAGI). I don't know what sort of income you have, but muni interest ...
by Jackson12
Wed Apr 19, 2017 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1092

Re: Munis and effect of pension funds on them and risks for portfolio

I, too, inherited Munis from my mother. They are all highly rated and pay 5% tax and AMT exempt. I use the interest for spending as I need it instead of selling my mutual funds. I hate to see them mature. As they mature, I invest the proceeds in Vanguard Intermediate Term Tax Exempt fund. I would l...
by Jackson12
Wed Apr 19, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1092

Re: Munis and effect of pension funds on them and risks for port

" 2. $1,200,000 which is 30% equities and 60% bonds and conservatives . This account has stayed flat, never rising much but no significant losses ( except of course to inflation) So we're actually losing to inflation. " I know the main question is about munis but this stood out to me, sin...
by Jackson12
Wed Apr 19, 2017 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1092

Re: Munis and effect of pension funds on them and risks for portfolio

We are in our mid 60s and semi-retired ( taking a minimal draw from assets) but my spouse hopes to work full-time till 70. We currently use his take home pay to cover the majority of our expenses. Our assets are currently almost 3 million ( not counting our house, which is worth roughly around $300...
by Jackson12
Wed Apr 19, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Buy new house in Seattle area?
Replies: 19
Views: 1439

Re: Buy new house in Seattle area?

I live in the area and honestly I have some concerns - they building houses everywhere, destroying green belts and putting houses, very big houses - 3-4000 sq.f, very small property, houses close to each other. Prices around 1M. In the same time there are no new roads, commute that took me 20 min 1...
by Jackson12
Wed Apr 19, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1092

Re: Munis and effect of pension funds on them and risks for portfolio

Jackson, Are you familiar with the EMMA site? It can give you recent prices and ratings of most munis. First thing is first. Can you use the munis? Do the maturities match your needs? If no, then even highly rates individual munis may need to be sold because they don't fit into your investment plan...
by Jackson12
Wed Apr 19, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buy new house in Seattle area?
Replies: 19
Views: 1439

Re: Buy new house in Seattle area?

Some thoughts: You say combined salary. Will your wife or you stay home with the child or continue working? Plans change anyways no matter what you are thinking right now and a kid will really complicate matters. Even on your salary are you comfortable to pay the monthly payment on such high mortga...
by Jackson12
Wed Apr 19, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Munis and effect of pension funds on them and risks for portfolio
Replies: 18
Views: 1092

Munis and effect of pension funds on them and risks for portfolio

We inherited munis whuch currently make up 1/3 of our portfolio. We intend to change our current investment allocation to one primarily matching a 3-4 fund portfolio. We want to transition to 40% ( or less) in equity index funds and the rest in bond funds, CDs, etc. We are in our mid 60s and semi-re...
by Jackson12
Tue Apr 18, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4168

Re: Is spending 15K to furnish home too much?

Is spending 15k to furnish a home (valued at 300k) too much? I've seen some posts where people report spending on avg 2% of home value to furnish house but this seems a bit on the lower end. When I mean furnish, I mean everything down to the kitchen spatula. How much have you guys spent on furnishi...
by Jackson12
Tue Apr 18, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes- okay to just drop in the mail today??
Replies: 29
Views: 2989

Re: Taxes- okay to just drop in the mail today??

Accountants are notorious for finishing up at the last minute. I have two siblings running their own businesses, and they complain EVERY YEAR about procrastinating accountants. The trouble with leaving your return in your letter box for the post(wo)man to pick up is that anyone on the street has ac...
by Jackson12
Mon Apr 17, 2017 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: tax's [When are they due]
Replies: 5
Views: 805

Re: tax's [When are they due]

hulburt1 wrote:Tax's are due 18th. That's the day it needs postmark?
Personal taxes, yes. Some taxes ( some Family partnerships) can wait till the 30th..at least, in some states. . Individual and joint personal tax returns - the 18th.
by Jackson12
Mon Apr 17, 2017 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: E-filing taxes and printing mailing label online post marked by deadline but put in mailbox late in day
Replies: 5
Views: 591

Re: E-filing taxes and printing mailing label online post marked by deadline but put in mailbox late in day

prudent wrote:Tomorrow is the mailing deadline, you should be OK.

Thank you. I appreciate the information.
by Jackson12
Mon Apr 17, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: E-filing taxes and printing mailing label online post marked by deadline but put in mailbox late in day
Replies: 5
Views: 591

E-filing taxes and printing mailing label online post marked by deadline but put in mailbox late in day

We're e-filing and then mailing any tax payments due. If we pay for and print our own postage label online and have a tracking number, does it matter what time we drop it in a mail box? Will a label postmarked today be enough - even if it is picked up late tomorrow and doesn't leave town tomorrow?. ...
by Jackson12
Tue Apr 11, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5272

Re: Few questions to those who switched to Ally Checking

We had an issue at tax season last year when we ran the numbers and thought we wouldn't qualify for Roth contributions. We'd calculated slightly wrong- and in our favor- for Roth eligibikity . W discovered this only days before the deadline for contributing to our accounts. . With a lot of effort ( ...
by Jackson12
Sun Apr 09, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application
Replies: 26
Views: 2166

Re: Social Security Restricted Application

pizza, There is no certain best plan. You may try this calculator: http://www.bedrockcapital.com/ssanalyze/ Depending on your inputs you may get a plan something like this: Recommended Solution Based on the data above, the following plan of action is recommended: Wife will file for her own benefit ...
by Jackson12
Fri Apr 07, 2017 12:27 am
Forum: Personal Finance (Not Investing)
Topic: HDHP's - Does your employer offer them?
Replies: 47
Views: 1622

Re: HDHP's - Does your employer offer them?

Our employer did not offer a HDHP and but then added it to entice potential employees who might have accepted a job offer elsewhere. They did get more employees..and for several years running. But from what I'm reading in this thread, employees often don't understand HDHPs and their benefits. Perhap...
by Jackson12
Thu Apr 06, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Impact on SSDI for disabled child and delay in parents SS
Replies: 13
Views: 884

Re: Impact on SSDI for disabled child and delay in parents SS

Hello I have searched this site, and the WWW and cannot find answer. I am 60 and have a disabled son who was injured many years ago. He is currently on SSI and I just learned that he can collect SSDI based on my earnings. He meets all the requirements (disability started prior to age 22). My old pl...
by Jackson12
Thu Apr 06, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute more to HSA than 401k? Variables listed below
Replies: 5
Views: 357

Re: Contribute more to HSA than 401k? Variables listed below

If an employer does not offer an HSA but does offer a high deductible health plan and 401k, does the same advice apply - fund the HSA first ( after the 401k match is met)? This can get tricky, and I'm no expert, so don't take what I say as fact...But if an employer provides an HSA eligible insuranc...
by Jackson12
Thu Apr 06, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute more to HSA than 401k? Variables listed below
Replies: 5
Views: 357

Re: Contribute more to HSA than 401k? Variables listed below

In general, an HSA is much better than a 401k, and should take precedence over 401k contributions, with the exception of amounts up to the match. I would prioritize this way: 1) 401k up to the match. If there is additional cash flow, 2) HSA up to the family maximum. If still more available cash flo...
by Jackson12
Wed Apr 05, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute more to HSA than 401k? Variables listed below
Replies: 5
Views: 357

Contribute more to HSA than 401k? Variables listed below

My son - who has seen our medical expenses greatly increase as we get closer to retirement, especially dental - is concerned about the expenses he and his wife will eventually face. He's asked for advice. I've done some research, as has he, and we've read some pieces focusing on the benefits of cont...
by Jackson12
Wed Apr 05, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Advice on Long-term Health Care Insurance
Replies: 15
Views: 1433

Re: Advice on Long-term Health Care Insurance

For those who already have a policy, the dilemma is whether to walk away when and if premiums rise ( there is at least one company out there which has never raised premiums on any long- term care policyholder) .
by Jackson12
Wed Apr 05, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Advice on Long-term Health Care Insurance
Replies: 15
Views: 1433

Re: Advice on Long-term Health Care Insurance

Would appreciate your advice (tips, tricks, traps) on purchasing Long-Term Health Care Insurance. Thank you. Something to keep in mind is that once you go into long term care many of your other expenses will stop. Paying $80,000 a year(or whatever) might sound expensive but if your normal retiremen...
by Jackson12
Mon Apr 03, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard projection of future returns - both U.S and international
Replies: 5
Views: 872

Vanguard projection of future returns - both U.S and international

Could someone provide any links on the board on a discussion of this Vanguard projection of future returns ? I have been searching ...should this post be in the investing theory forum? I am interested in feedback on this report. Agree? Disagree? Unless he's changed his mind recently I believe Bogle ...
by Jackson12
Mon Apr 03, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: Advice on Long-term Health Care Insurance
Replies: 15
Views: 1433

Re: Advice on Long-term Health Care Insurance

Related: :.
https://www.nytimes.com/2016/03/27/your ... .html?_r=0 Two different perspectives from advisor points of view
by Jackson12
Mon Apr 03, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: Advice on Long-term Health Care Insurance
Replies: 15
Views: 1433

Re: Advice on Long-term Health Care Insuran

Two things keep me from buying LTC. They are increasing rates of existing customers. They usually only cover 3-5 years of NH. I buy insurance to cover me in the event of a catastrophic loss. I can think of many conditions that would put me in a NH for well over5 years. We'll self insure. We might f...
by Jackson12
Sun Apr 02, 2017 4:34 pm
Forum: Personal Consumer Issues
Topic: Advice on Long-term Health Care Insurance
Replies: 15
Views: 1433

Re: Advice on Long-term Health Care Insurance

. . . Based on this experience I would never buy long term health insurance. Here's another reason: Policyholders in Limbo After Rare Failure of Insurer , NY Times, 4/1/17. And while insurer failure might be rare, the market has gotten smaller: "In the past five years, 10 of the top 20 insurer...
by Jackson12
Sat Apr 01, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Finding a good financial planner
Replies: 12
Views: 1082

Re: Finding a good financial planner

I am currently searching as well. Here's a good starting point: http://www.feeonlynetwork.com/ The trouble I keep running into is they claim to be "fee-only" but most want a percentage like 1 percent annually for their advice even if they don't actively manage your funds. I found one pers...
by Jackson12
Fri Mar 31, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with credit card identity theft?
Replies: 22
Views: 1478

Re: How to deal with credit card identity theft?

Chase called me and said that someone used my name, address, telephone number, and social security number to apply for a credit card. I told them I did not apply for the card, so they placed a "fraud alert" on my file at Chase. Then I called TransUnion and had them place a 90-day fraud al...
by Jackson12
Fri Mar 31, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to transfer a Roth IRA and this Medallion Signature requirement is driving me nuts!
Replies: 67
Views: 4244

Re: Trying to transfer a Roth IRA and this Medallion Signature requirement is driving me nuts!

FWIW, I get my Medallion Signatures done at my local Chase branch. Easy peasy.. done in under five minutes. It may depends on the bank and the notary. We don't use Chase. A friend does. No luck with the Medallion signature. We had trouble getting a Medallion signature at one branch of our bank and ...
by Jackson12
Fri Mar 31, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: Spring Break Trip to Disney World
Replies: 66
Views: 3948

Re: Spring Break Trip to Disney World

It's been awhile since ce we went to Disney. This is a current piece, might have helpful suggestions. We've stayed on site and off and our kids' favorite place by far ( back then) was a Holiday Inn suite, off site, all you could eat breakfasts, bargain price, A pain to drive to Disney but otherwise ...
by Jackson12
Fri Mar 31, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Adjusting budget given figures below, when going from employer plan to Medicare
Replies: 1
Views: 159

Adjusting budget given figures below, when going from employer plan to Medicare

I know Medicare plans vary but I would still appreciate some input from Medicare users - given the variables listed below. We have a rough idea of lifetime medical costs per individual in retirement ,at least based on what we've researched ..seems to be $200k to over $300k per person? We are a marri...
by Jackson12
Fri Mar 31, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: Need a Vine for a Masonry Wall
Replies: 21
Views: 1138

Re: Need a Vine for a Masonry Wall

Do not get trumpet vine anywhere near any wall where it can grab hold and cling. Lured by a garden catalog's photos, I planted it next to a deck wall,,. It took off like crazy and looked lovely. Does it cling to stone? If so, keep it away. Then It started to pry the boards apart. Getting rid of it w...
by Jackson12
Thu Mar 30, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security tax calculator
Replies: 4
Views: 544

Re: Social Security tax calculator

Thanks!
by Jackson12
Thu Mar 30, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Get $250 from Wells Fargo
Replies: 83
Views: 12156

Re: Get $250 from Wells Fargo

How long does the Capital One have to be open? I think the offer expires on the 31st ( at least for money market)
by Jackson12
Thu Mar 30, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security tax calculator
Replies: 4
Views: 544

Social Security tax calculator

As best I can, I've determined our retirement income, as well as a probable range of tax brackets ( factoring in a range of returns and how thst would affect our retirement income ) Our Social Security income will total $2800 a month ( one of us worked far less due to caring for a special needs son)...
by Jackson12
Thu Mar 30, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance (LTCI): Too Expensive or Worth the Cost?
Replies: 35
Views: 4073

Re: Long Term Care Insurance (LTCI): Too Expensive or Worth the Cost?

On another thread here, quite awhile ago, I asked how many here had used their long-term insurance..a significant number had and were greatly relieved that they purchased it. However, you need to check the fine print when it comes to Alzheimers coverage. Just the other day, I called our state's Dept...
by Jackson12
Wed Mar 22, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5333

Re: Vehicles as a percentage of net worth

I don't count car value as part of net worth. They depreciate quickly ( except rare or collectible cars) . Even for the the same model and year, value depends on the condition of the car, the model and its desirability. Also, although there are basic checklists, one persons assessment of a car as &q...
by Jackson12
Wed Mar 22, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6721

Re: Recommended emergency fund for middle class households: $13,800

I keep around 6 months of expenses. If I should need more than that I can either sell securities, use a 0% credit card offer or HELOC. I think the main reason to have one is so you don't have to sell securities in a down market or to pay big capital gains in an up market. The money is mostly for if...
by Jackson12
Wed Mar 22, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute only up to employer max or should we contribute more?
Replies: 6
Views: 756

Re: Contribute only up to employer max or should we contribute more?

It wasn't clear how much of your net worth the annuity is. If it is a high percentage of your net worth then just for diversification putting money in other types of investments would be good so that you don't have all your eggs in one basket. I didn't really understand the tax situation so that co...
by Jackson12
Tue Mar 21, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: What building year I should seek when shopping for a house?
Replies: 33
Views: 2481

Re: What building year I should seek when shopping for a house?

If price is a factor, avoid mid- century modern homes for now ( 50s era) but not due to shoddy construction. It's just that (even in my LCOL area of the country) they currently go for a premium. Just a heads up. They can need significant work but if they have that mid-century modern vibe and authent...
by Jackson12
Tue Mar 21, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6721

Re: Recommended emergency fund for middle class households: $13,800

For those of you with multiple years of emergency funds, are you anywhere near or in retirement? Yes. Less than 5 years away . We have nearly 3 years of emergency funds , for reasons given below ( our logic may be totally screwy but...we're open to change if someone can provide reasons that make se...
by Jackson12
Tue Mar 21, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute only up to employer max or should we contribute more?
Replies: 6
Views: 756

Re: Contribute only up to employer max or should we contribute more?

So once we reach the employer match, should we start putting our savings elsewhere...where we aren't subject to such tight restrictions as TIAA? This isn't what you asked, but I'd seriously consider stopping the annuity altogether and look into contributing this money (plus more) into another optio...
by Jackson12
Tue Mar 21, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute only up to employer max or should we contribute more?
Replies: 6
Views: 756

Contribute only up to employer max or should we contribute more?

We have TIAA Traditional annuity ( with a guaranteed interest rate) and I have asked a question about it before- both here and at Morningstar. However, there is a new variable..one relating to tax benefits...and - in light of that - I am now wondering if we should lower our contributions to our empl...
by Jackson12
Mon Mar 20, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: Suspicious organic products
Replies: 101
Views: 5653

Re: Suspicious organic products

We rarely buy organic food in the grocery store. We get it locally from the farmers. Same with chicken,beef, etc. Some offer homemade cheese, bread, yogurt, etc. And this option exists in many areas of the country. I have been to many states where I had the opportunity to visit small farms which of...
by Jackson12
Mon Mar 20, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Suspicious organic products
Replies: 101
Views: 5653

Re: Suspicious organic products

We rarely buy organic food in the grocery store. We get it locally from the farmers. Same with chicken,beef, etc. Some offer homemade cheese, bread, yogurt, etc. And this option exists in many areas of the country. I have been to many states where I had the opportunity to visit small farms which off...
by Jackson12
Mon Mar 20, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Cost of Dental Implant
Replies: 63
Views: 4960

Re: Cost of Dental Implant

I had implants done and the cost was $12,000 for 3 teeth. I had an excellent dental surgeon. Here's a warning about payment plans: please look very carefully at the terms for " zero interest offers" for a limited time period. If you pay the balance before interest kicks in, no problem...a...
by Jackson12
Mon Mar 20, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Cost of Dental Implant
Replies: 63
Views: 4960

Re: Cost of Dental Implant

Hi, Without dental insurance, how much should I expect to pay from start to finish for All-on-4/6/8 dental implant? All teeth have been removed. I saw some reviews on Yelp mentioning $50K. Is that on the high side? Average? The dentists I have called are not willing to give me a price range unless ...
by Jackson12
Sun Mar 19, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 10523

Re: Early Retirement - what to do about healthcar

I'm stumped at how anyone retires early unless they have 3 or 4 million in the bank. Mr. Money Mustashe Rootofgood Wherewebe That's 3 different examples of people who did it with less than a million and the first 2 examples have kid/kids. I don't know any of them personally of course but if they ar...

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