Search found 872 matches

by Katietsu
Sun Dec 10, 2017 4:04 am
Forum: Personal Finance (Not Investing)
Topic: How can someone who earns 500k/yr in w2 be in 25% tax bracket?
Replies: 17
Views: 2347

Re: How can someone who earns 500k/yr in w2 be in 25% tax bracket?

Let’s make it easier than including the complications of 2 million in real estate and home offices. I am married filing jointly with two kids. I am employed and I have a contract for a salary of $250,000. My husband is a SAHD. I max out a 401k at $18,000. I also put $6000 in an HSA and I am required...
by Katietsu
Sun Dec 10, 2017 3:26 am
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 2688

Re: Executor responsibilities

My brother and I were estranged and he made sure that his friends who took care of him would be able to thwart some of the information gathering to open the estate. You are nobler than I am. My comments were not directed at your situation but at the broader question of why someone would generically...
by Katietsu
Sun Dec 10, 2017 12:49 am
Forum: Personal Finance (Not Investing)
Topic: How can someone who earns 500k/yr in w2 be in 25% tax bracket?
Replies: 17
Views: 2347

Re: How can someone who earns 500k/yr in w2 be in 25% tax bracket?

His effective tax rate could easily be about 25%. I did a quick estimate making some very reasonable assumptions for depreciation, retirement contributions, property tax and such. I got an effective rate even lower - about 20%.
by Katietsu
Sat Dec 09, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 2688

Re: Executor responsibilities

Washington DC has very specific requirements to open an estate and who gets paid. If there are no assets the executor is on the hook for quite a bit of work. If an estate has no assets, why would anybody agree to serve as executor? Because I would feel an obligation to settle the final affairs of m...
by Katietsu
Sat Dec 09, 2017 8:25 pm
Forum: Personal Consumer Issues
Topic: Echo Dot 2nd Gen: What do I do with this gift?
Replies: 8
Views: 663

Re: Echo Dot 2nd Gen: What do I do with this gift?

You do have Alexa. Alexa is the “intelligent personal assistant” that runs on all the Amazon Alexa enabled devices - including the dot. You just need to set up your Dot and you can ask Alexa about the weather. You can also set it up as an emergency device that will text (and maybe call) your family ...
by Katietsu
Sat Dec 09, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2017 Tax Software $9.95 , State $14.95
Replies: 21
Views: 1834

Re: H&R Block 2017 Tax Software $9.95 , State $14.95

Any calculus on taking this deal vs. waiting for another Amazon deal (which would include rebate in form of Amazon 5% gift card)? Seems Amazon deal would be better for Amazon shoppers like me. The Amazon refund version appears to be an extra $5 to $15 more right now, depending on the level needed.
by Katietsu
Sat Dec 09, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 2688

Re: Executor responsibilities

The most expensive part of my Mom's probate was dealing with my brother who said he wanted to challenge how my parent's ashes were to be spread at sea. My brother's estate was never opened when he died a few years later since by that point he died without a will and I am the next of kin. I have no ...
by Katietsu
Sat Dec 09, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 2688

Re: Executor responsibilities

It does not sound like there even needs to be an executor. . . How do you think the bank will allow a non-executor to pay bills from the deceased's checking account? How can the deceased's car or property be sold without an executor (or trust)? Who will be able to collect money owed to the deceased...
by Katietsu
Sat Dec 09, 2017 8:55 am
Forum: Personal Consumer Issues
Topic: Please suggest a dry hands product
Replies: 82
Views: 3039

Re: Please suggest a dry hands product

Consider complementing one of the other products with an after bath treatment of Neutrogena Body Oil, Light Sesame Oil Formula, Fragrance Free. If you use this immediately after a bath or shower it soaks right in and does not leave you oily.
by Katietsu
Fri Dec 08, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 2688

Re: Executor responsibilities

It does not sound like there even needs to be an executor. In other words, if there is nothing to probate, there is no need to seek letters of administration. No legal executor is ever sworn in. Somebody, usually the person named executor in the will, takes charge of getting the final tax returns co...
by Katietsu
Fri Dec 08, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Roth Conversion vs Healthcare Subsidies
Replies: 14
Views: 922

Re: Early Retirement Roth Conversion vs Healthcare Subsidies

smitcat wrote:
Fri Dec 08, 2017 12:03 pm
Nate79 wrote:
Fri Dec 08, 2017 10:32 am
6 years in the future? I would monitor the situation for the next 5 years then come back and make a decision. Too many things can change.
Agreed - all the variables needed to supply a valuable answer will change.
An emphatic yes.
by Katietsu
Fri Dec 08, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: What Bonds to Hold in Taxable?
Replies: 7
Views: 803

Re: What Bonds to Hold in Taxable?

You missed a detail in the WCI article. The discussion was whether the most tax efficient placement of bonds for certain individuals was in a traditional IRA/401k vs taxable. The Roth IRA was clearly the worst placement of bonds for the group addressed in that article.
by Katietsu
Thu Dec 07, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 44
Views: 2250

Re: Should I file taxes w/o her?

zz4 wrote:
Thu Dec 07, 2017 8:56 pm
I asked my accountant and he said it was about the same. How can that be?
Because married file separate is very different than single. Hence, the suggestion that a divorce is likely your only to get back to 17%.
by Katietsu
Wed Dec 06, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 55
Views: 6429

Re: House on the market less than a day. Did listing agent commit fraud?

Nothing sounds unusual. Certainly no reason to believe anything was fraudulent. Houses sometimes even sell before the listing is posted in the MLS.
by Katietsu
Sun Dec 03, 2017 12:34 am
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6528

Re: How to convince DW that high miles used car is OK

Another option is to hunt for old low-mileage used cars. We don't drive much and my wife is itching for a new car to replace our trusty 14 year old camry (that has under 60K miles and full maintenance records). According to kelley blue book, it's not worth that much more than an equivalent with dou...
by Katietsu
Sat Dec 02, 2017 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Help me Help mom
Replies: 29
Views: 1495

Re: Help me Help mom

I would look at articles by Allen Roth. You might even want to hire him. (Wealth Logic at daretobedull.com). Your mother sounds like the poster child for the message he frequently writes about - helping create a plan to move clients out of a complex set of investments into a simple plan that they ca...
by Katietsu
Sat Dec 02, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 5104

Re: How do I convince my employees to invest more?

That said, pay your employees more so they have more to save and invest. Match 401k contributions to encourage them to save for retirement and invest more. You could always add a corporate retirement plan. But all of these are going to cost, and unless you're a fancy law firm partnership, you don't...
by Katietsu
Sat Dec 02, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: How will i be taxed when switching jobs?
Replies: 25
Views: 1402

Re: How will i be taxed when switching jobs?

I would fill out the W-4 so that I ended up with about the right withholding for 2018. There is no need to do anything now as the tax code is in flux. Generally, you do not complete a W-4 until just before you start your new job. At that time, you can determine the best way to complete the W-4. The ...
by Katietsu
Fri Dec 01, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 3465

Re: housing for in-laws

I would get a real estate agent involved and try to look at as many as possible pre existing homes that might offer a solution. You might get lucky and find something that works. And, at worst, you can see a lot of ideas first hand. One neighborhood I have previously lived in was populated with dupl...
by Katietsu
Fri Dec 01, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: For Musk, an Energy Feat the Size of a Football Field
Replies: 52
Views: 2114

Re: For Musk, an Energy Feat the Size of a Football Field

I am not knowledgeable enough to have an opinion on Musk’s performance overall. I can say that an acquaintance who is a physician at San Juan’s Children’s Hospital has told me that the Tesla solar panels vastly improved life at the hospital post Hurricane. Certainly Tesla deserves a shout out for ke...
by Katietsu
Thu Nov 30, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Rental Car Insurance
Replies: 13
Views: 957

Re: Chase Freedom Rental Car Insurance

Yes, the Chase coverage will become primary for collision. Depending on the location, you could be responsible for diminished value, administrative and loss of use charges. You avoid these charges by getting the insurance from the rental car company. To the best of my knowledge, the rental company p...
by Katietsu
Wed Nov 29, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7061

Re: Does it make sense to drop health insurance?

Our insurance is through a large employer self insured plan. The cost for each employee each month is paid by a combination of the employee and their cost center. We have a family plan a high deductible plan, a little less than the OP’s option, which requires us to stay in a network and still has a ...
by Katietsu
Wed Nov 29, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5437

Re: When to tell the SO about my financial situation?

Another vote for the girlfriend. The only odd behavior I am hearing is coming from the OP. If I had already been living with someone for 7 months who made cryptic comments about working hard to reach a financial goal and had financial statements that he said were fake, I would be questioning the fut...
by Katietsu
Mon Nov 27, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: iPad - Best Bang for your Buck
Replies: 12
Views: 979

Re: iPad - Best Bang for your Buck

Since you are an Android family now, take a look at the Samsung Galaxy S2 8” with 32GB on sale today on Amazon for $249.
by Katietsu
Mon Nov 27, 2017 9:37 am
Forum: Personal Consumer Issues
Topic: iPad - Best Bang for your Buck
Replies: 12
Views: 979

Re: iPad - Best Bang for your Buck

I would consider getting a 7” (iPad mini) instead of the 10” size. It fits young kids hands better, IMO. Also make sure you get the right case for it - searching for shockproof, kids, or rugged case should get you some options.
by Katietsu
Mon Nov 27, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: Amica Increase
Replies: 21
Views: 1761

Re: Amica Increase

My homeowners has gone up 6% for 2018 after a similar increase for 2017. There seem to be similar or even higher increases in the news in quite a few parts of the country. However, since insurance pricing is so specific to local and individual factors, getting rate quotes seems to be the only way to...
by Katietsu
Sun Nov 26, 2017 10:03 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: Paying for meals out & out of town guests
Replies: 79
Views: 5532

Re: Etiquette question: Paying for meals out & out of town guests

In the OP, the guests suggested dinner out in a way that seemed to imply it was their treat. I think that was where the potentially hard feelings came from. If the conversation had gone differently, the host could have insisted on staying in or suggested a less expensive option. For me, personally, ...
by Katietsu
Sun Nov 26, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: Women's socks for hot feet
Replies: 12
Views: 743

Re: Women's socks for hot feet

Have you considered the contribution of the shoe to the problem? I find some leather shoes to be quite non breathable.
by Katietsu
Wed Nov 22, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Making collegebound Kid Financially Savvy Questions..
Replies: 49
Views: 2983

Re: Making collegebound Kid Financially Savvy Questions..

I think you have done a good job. Her life is changing a bit now with a car and a job and you can’t expect the transition to be perfect. Sounds like it is going well. 1. The Roth can be used to set an example even though the point of it might not sink in until a few years from now. Personally, I res...
by Katietsu
Tue Nov 21, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: OP UPDATE:Car Accident- challenge getting funds for repairs by responsible party/insurer
Replies: 28
Views: 1552

Re: Car Accident- challenge getting funds for repairs by responsible party/insurer

Start with a the police in the jurisdiction where the accident occurred. It is possible that with all the information that you have, they will be able to assist you.
by Katietsu
Sun Nov 19, 2017 11:31 pm
Forum: Personal Consumer Issues
Topic: Insurance claim - what is my obligation?
Replies: 11
Views: 1039

Re: Insurance claim - what is my obligation?

So we filed a claim and did receive a check for the cost of a replacement mattress minus the insurance deductible. The key point is that your reimbursement amount was based on the replacement cost. In my experience, you are only entitled to be reimbursed for replacement cost if you replace. Alterna...
by Katietsu
Sun Nov 19, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: HelloFresh meal boxes - disputing credit card charge
Replies: 19
Views: 1606

Re: HelloFresh meal boxes - disputing credit card charge

I do not know what the credit card company might decide. I do know that when you sign up for Hello Fresh it is pretty obvious, IMO, that you are signing up for a weekly delivery. I mean you have to pick a “plan”. It is not buried in the terms and conditions that you are subscribing. Their website is...
by Katietsu
Fri Nov 17, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 2803

Re: Risks of Non-ACA Compliant Health Insurance?

Exactly. It is the 100k+ visit to the cancer specialist on your rare form. Sure you have to pay 20k (or whatever your out of network max is) but that is a lot less than 100k. Odds of needing that are low but if you do need it, you need it. But this is pretty much also why the PPO is dying. The insu...
by Katietsu
Fri Nov 17, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 4111

Re: Help with Understanding How to Handle Bonus

Just so you know, it won't be withheld at 25%. It will be withheld at 39.6% tax bracket. If you end up falling in the 25% bracket, you will get the difference back at tax time but don't be surprised at the large amount of withholding you see on your paycheck. This is not necessarily true. It depend...
by Katietsu
Thu Nov 16, 2017 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Opinions and Tax Efficiency
Replies: 11
Views: 1206

Re: Portfolio Opinions and Tax Efficiency

Put the bond allocation in the TSP not in the Roth. First, Roth should have the assets that are expected to have the most growth since you will never pay taxes on that growth. Second, you have the G fund in the TSP which is a wonderful option that makes the rest of us jealous.
by Katietsu
Mon Nov 13, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: What do I need to know about my mom's finances?
Replies: 17
Views: 1350

Re: What do I need to know about my mom's finances?

I would have two separate conversations. One conversation would be about her and one about the brother in law. Forget about the executor stuff for now IMO. Honestly, other than what type of funeral and whether there have been payment arrangements, when someone dies you usually have time to sort thin...
by Katietsu
Mon Nov 13, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Account Question
Replies: 4
Views: 589

Re: Joint Account Question

If the amount is small then it might just be more convenient to have a joint account. If the amount is larger, then it is cleaner to go ahead and set up payable on death designations for all the reasons previously outlined. If making this adjustment is difficult, I would be concerned about using the...
by Katietsu
Mon Nov 13, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: HSA mishandled by State Farm, IRS issue now
Replies: 6
Views: 1106

Re: HSA mishandled by State Farm, IRS issue now

You indicate that you went to a local office in person. You should go back to that office in person and try to resolve it from there. If you have already done that and do not feel that they have advocated for you, then get a new agent. Your agent should at least try to get this fixed using their sup...
by Katietsu
Mon Nov 13, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Long term capital gains tax - effective tax is higher than 15%
Replies: 15
Views: 1154

Re: Long term capital gains tax - effective tax is higher than 15%

Are you taking into account that your AGI includes your capital gain amount and it is this AGI that must be used to determine tax bracket and NIIT?
by Katietsu
Sun Nov 12, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Use or Lose $850 from Limited Expense FSA
Replies: 36
Views: 1760

Re: Use or Lose $850 from Limited Expense FSA

Have your wife get a great pair of glasses. I could easily spend $850 if I knew that the other option was to lose it. Since I got my glasses inexpensively from Zenni, I got two very different pairs that I wear for different occasions or weather conditions. Would either of you have a use for prescrip...
by Katietsu
Sun Nov 12, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Tax question as I bogelize my holdings
Replies: 16
Views: 1381

Re: Help! Tax question as I bogelize my holdings

To address your original question as to what type of taxes you will owe on capital gains, I would consider speaking to a local tax professional if you are unsure. We might miss something here. Do you have dependents? Where any stocks inherited? Do you always take the standard deduction? To you make ...
by Katietsu
Thu Nov 09, 2017 11:50 pm
Forum: Personal Consumer Issues
Topic: Portable handholds for seniors
Replies: 8
Views: 573

Re: Portable handholds for seniors

My mother did use the suction cup grab bars successfully, even though it made me nervous. The primary care doctor may be able to put in for an occupational therapy home visit. It is possible that they may have suggestions and might even get insurance to cover the cost. They might even work with the ...
by Katietsu
Thu Nov 09, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mom's retirement money PLZ
Replies: 9
Views: 932

Re: Help with Mom's retirement money PLZ

Since this is at your initiative not theirs, I would tread lightly. One suggestion: Leave some amount in the local savings account, eg $30,000. Put $120,000 into something like an Ally 11 month no penalty CD getting 1.5% and with FDIC insurance. Transfer the investment account to Vanguard and have i...
by Katietsu
Thu Nov 09, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Cable switching thought exercise
Replies: 15
Views: 927

Re: Cable switching thought exercise

Yes. I don’t know that it would matter, but treated it as two unrelated people. Spouse 1 cancels service like they would do if they were moving out. Spouse 2 independently arranges for new service as they would do if they were the new homeowner. No need for Comcast to know that they are married. I d...
by Katietsu
Thu Nov 09, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Questions
Replies: 14
Views: 821

Re: Backdoor Roth Questions

It does not really matter much what choice you make with the $6000. Either option is reasonable. The bigger question should be choosing between the 401k vs Roth 401k.
by Katietsu
Thu Nov 09, 2017 8:51 am
Forum: Personal Consumer Issues
Topic: Caution: if you subscribe to BritBox or other channels through Amazon
Replies: 5
Views: 781

Re: Caution: if you subscribe to BritBox or other channels through Amazon

Yes, thanks. I cut the cable and use Amazon Fire for my primary source. One other thing I had to learn...when using the search feature, only programming availability from Amazon and a couple of apps are searched. For instance, if you search for Endeavour season 2. Amazon/Alexa will give you only the...
by Katietsu
Wed Nov 08, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 5510

Re: Eye Doctor $30 to get your Rx? Is this normal?

She was up front about this and told them she was just there for the exam, but wouldn't be getting any glasses there. We do not know the exact words used. But when I hear this, I hear someone who is not there to get glasses and therefore it is someone who I do not need to explain the charge for a r...
by Katietsu
Wed Nov 08, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Medicare appeal
Replies: 3
Views: 360

Re: Retroactive Medicare appeal

Because Medicare related to a disability and Medicaid both can have these retroactive periods, I have seen several circumstances when you are allowed to keep the otherwise disallowed benefits for that time period between the retroactive coverage and the notification of coverage. In other words, the ...
by Katietsu
Wed Nov 08, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 5510

Re: Eye Doctor $30 to get your Rx? Is this normal?

Could this cataract have gone from undetectable to blurring my vision within six months? Seems unlikely to me, especially since I just had a new Rx in the last year. I'm cancelling my VSP insurance and I'm going to get my eye exams and glasses at my HMO from now on. Cataracts can reach a stage wher...