Search found 386 matches

by Silk McCue
Sat Dec 16, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Stop Contributing to 401(k)??
Replies: 13
Views: 939

Re: Stop Contributing to 401(k)??

This decision needs to be made within the context of a full retirement financial plan that includes a myriad of issues, some of which you may or may not be aware of. There's no better time than now.
by Silk McCue
Sat Dec 16, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with H&R Block Tax Software Download
Replies: 4
Views: 325

Re: Problem with H&R Block Tax Software Download

I would try another browser to exclude the possibility of some unique technical issue.
by Silk McCue
Sat Dec 16, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: are made for iPod, iPhone, iPad accessories safe to use?
Replies: 6
Views: 457

Re: are made for iPod, iPhone, iPad accessories safe to use?

I buy my replacement items from Amazon (non Apple). Just take a look at the reviews for whatever product you are looking at on various sites. That is your best source of information for products like these.
by Silk McCue
Sat Dec 16, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion ... Timing
Replies: 19
Views: 1588

Re: Roth Conversion ... Timing

Forbes is talking about eliminating the opportunity for taxpayers to recharacterize Roth IRA conversions. I agree but isn't Roth conversion what this whole thread is about? Hence the warning to the OP that a strategy of overconverting and then recharacterizing back to optimum might be at risk. I un...
by Silk McCue
Fri Dec 15, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Target date fund or custom allocation?
Replies: 5
Views: 458

Re: Target date fund or custom allocation?

If you are comfortable with the Asset Allocation for the Vanguard Target Retirement 2045 fund then I would recommend that option. It is made up of exceptionally well diversified funds and has a very low expense ratio. Using such a fund will likely help you avoid tinkering with your selections or ove...
by Silk McCue
Fri Dec 15, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: baffle about Roth IRA contribution using turbo tax
Replies: 17
Views: 633

Re: baffle about Roth IRA contribution using turbo tax

The $6500 to pay for my Roth IRA is money I have taken from my 457B pension distribution. That sounds like mental accounting. The $6500 comes from whatever money you use (checking acct, savings acct, mattress etc.) As long as you have included your total pension distribution for this year in your g...
by Silk McCue
Fri Dec 15, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: baffle about Roth IRA contribution using turbo tax
Replies: 17
Views: 633

Re: baffle about Roth IRA contribution using turbo tax

Sorry if I am confusing you and also confusing myself :( Gross amount income is $90000 On tax return, I will contribute $6500 to a Roth IRA When figuring out how much tax I need to pay, will the taxable income be based on $90000 or $96500? I thought it would be $96500 as I read that with Roth IRA y...
by Silk McCue
Fri Dec 15, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: baffle about Roth IRA contribution using turbo tax
Replies: 17
Views: 633

Re: baffle about Roth IRA contribution using turbo tax

I am 56 years old and retired in mid 2017. My employer contributed to my defined pension plan. I also made contribution to my 457B and 403B plans. I hypothetically filled in my turbo tax information for 90k gross from work income (actually the total is from work, retirement distribution, and capita...
by Silk McCue
Fri Dec 15, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: ETF vs MF for day pricing
Replies: 3
Views: 122

Re: ETF vs MF for day pricing

As applicable just look at the price of the equivalent ETF. By knowing the % gain or loss on an ETF at any given moment you can apply that against your MF to know its value at that moment. If there is no ETF then there is now way that I am aware of.
by Silk McCue
Fri Dec 15, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion ... Timing
Replies: 19
Views: 1588

Re: Roth Conversion ... Timing

The Vanguard rep is wrong. A conversion creates a taxable event in the year in which it occurs. A quick google search will confirm that our original answers are correct.
by Silk McCue
Fri Dec 15, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Transcripts for 1040 filing from the 1970s ?
Replies: 8
Views: 931

Re: Transcripts for 1040 filing from the 1970s ?

The Social Security Administration can often resolve problems when an incorrect SSN is used by the employee/employer by scanning the wage records for a particular name (including variations) for an employer and then identifying the SSN reported. It's called an "earnings discrepancy". Wages are then...
by Silk McCue
Thu Dec 14, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Fee-Only Financial Advisor Help
Replies: 17
Views: 1682

Re: Becoming a Fee-Only Financial Advisor Help

This is a well respected group of fee only advisors. I expect you can poke around their site and learn a thing or two about the industry. Best of Luck.

https://www.garrettplanningnetwork.com
by Silk McCue
Thu Dec 14, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Transcripts for 1040 filing from the 1970s ?
Replies: 8
Views: 931

Re: Transcripts for 1040 filing from the 1970s ?

OP here, I hadn't thought of requesting from SS, thanks for the suggestion. Interestingly, my estimate I get from SS every year doesn't show any earnings for the years I'm interested in (1972 to 1977). I expect that if you have no Social Security Earnings showing for 1972 to 1977 then paying for th...
by Silk McCue
Wed Dec 13, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Transcripts for 1040 filing from the 1970s ?
Replies: 8
Views: 931

Re: Transcripts for 1040 filing from the 1970s ?

I ran a Google search and found an avenue via Social Security. Here is the form to file to get detailed records.

https://www.ssa.gov/forms/ssa-7050.pdf
by Silk McCue
Wed Dec 13, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2549

Re: Edward Jones Guided Solutions - Spouse is Employee

I'd like to see where this rule applies to an employee that is not a broker-dealer. I certainly don't expect an administrative assistant is licensed. Please point me to legal verbiage that says that someone who is not registered with FINRA is subject to 3210. I may be all wet but I'd love to see def...
by Silk McCue
Tue Dec 12, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: How does the IRS know the value of my 401K at end of year for RMDs
Replies: 30
Views: 3642

Re: How does the IRS know the value of my 401K at end of year for RMDs

"The custodians that administer your account have to report what your RMDs are. They send that report to you and to the IRS. The IRS knows what you should have taken, and it also knows what you did take out. They're going to catch you." https://www.kiplinger.com/article/taxes/T045-C000-S002-irs-crac...
by Silk McCue
Tue Dec 12, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care insurance - transfer from annuity IRS 1035 exchange
Replies: 4
Views: 328

Re: Long Term Care insurance - transfer from annuity IRS 1035 exchange

It would be better if you combined your 4 simultaneous posts regarding LTC into one post. It would make for a better use of responders time and reduce wasted energy by many.
by Silk McCue
Mon Dec 11, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - Lump Sum vs. Annuity
Replies: 41
Views: 2753

Re: Early Retirement - Lump Sum vs. Annuity

You made no mention of a COLA. Is there one and if so what is it.
by Silk McCue
Mon Dec 11, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: Cricket Wireless: What are the gotchas?
Replies: 38
Views: 2128

Re: Cricket Wireless: What are the gotchas?

nura wrote:
Mon Dec 11, 2017 6:35 pm
Does Cricket Wireless support wifi hotspot/tethering to share your mobile broadband data?
Only on specific plans. Your best source of information is their website. Their terms are good but not as good as they were a few months ago.
by Silk McCue
Mon Dec 11, 2017 6:34 pm
Forum: Personal Consumer Issues
Topic: Cricket Wireless: What are the gotchas?
Replies: 38
Views: 2128

Re: Cricket Wireless: What are the gotchas?

Cricket Wireless is a wholly owned subsidiary of AT&T Inc. that offers mobile voice, text, and data. Cricket Wireless was founded in 1999 by Leap Wireless International, Inc. On July 12, 2013, AT&T Inc. agreed to acquire Cricket's parent company Leap Wireless International for $1.2 billion.
by Silk McCue
Mon Dec 11, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 253
Views: 44151

Re: USAA 2.5% Cash Back Credit Card

Thanks for the heads up on the Penfed 2% card. I was thinking about Citi Doublecash, but I think I'd prefer the credit union (Penfed). The nice thing about the Citi doublecash card is the generous price protection program. That's paid me out probably $700 this year and I only recently started using...
by Silk McCue
Mon Dec 11, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Work bonus Tax question
Replies: 5
Views: 474

Re: Work bonus Tax question

I expect you were taxed as if your gross for that check was 1/26th of your annual income thus pushing you into a higher bracket. $500 seems high. But that is the likely answer.
by Silk McCue
Mon Dec 11, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: How best to invest Inherited IRA with 5 year planned draw period?
Replies: 13
Views: 609

Re: How best to invest Inherited IRA with 5 year planned draw period?

In your shoes I would look to minimize the tax due by strategically withdrawing each year based upon your tax bracket current and future over the next five years, including this year if appropriate, as you have stated you have steadily climbing income.
by Silk McCue
Mon Dec 11, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: Best Parmesan Cheese for Salad
Replies: 29
Views: 1642

Re: Best Parmesan Cheese for Salad

We buy the Parmigiano-Reggiano wedges from Costco. It's a really good deal. We get a ton of use out of them for several months and are even able to use the rinds in soups. Just get the real stuff. The bulk cheese makers (Kraft, Belgioso, etc.) are a different animal. +1 The Costco 24 month aged Par...
by Silk McCue
Sun Dec 10, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Help with ACA problem
Replies: 10
Views: 1242

Re: Help with ACA problem

How about planning to pick up some extra hours or get a seasonal side job to ensure that it happens.
by Silk McCue
Sat Dec 09, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Pay taxes on free food?
Replies: 30
Views: 3186

Re: Pay taxes on free food?

If a tree falls in the forest and no one is around to hear it, does it make a sound?
by Silk McCue
Sat Dec 09, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Deferring First RMD
Replies: 16
Views: 814

Re: Deferring First RMD

Never having to think again about a “terrible annuity” given these specifics - priceless. I speak from relieved personal experience.
by Silk McCue
Sat Dec 09, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 253
Views: 44151

Re: USAA 2.5% Cash Back Credit Card

I've had the 2.5% limitless cash back card for almost 3 months now. What I'm finding is that USAA is not calculating my rewards correctly. I've called them twice and each time I'm told "our IT guys on working on why rewards weren't issued for purchases made between <x and y> dates." I've reconciled...
by Silk McCue
Sat Dec 09, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion ... Timing
Replies: 19
Views: 1588

Re: Roth Conversion ... Timing

It must be done this calendar year. Last trading day is the 29th. Don't wait until then.
by Silk McCue
Fri Dec 08, 2017 2:07 pm
Forum: Personal Consumer Issues
Topic: Re: Where to buy a Vanguard hat? An Update and good news
Replies: 110
Views: 17742

Re: Where to buy a Vanguard hat? An Update and bad news

This is a link to the PDF I just received from Connie. https://www.dropbox.com/s/d2xkvxrzw5vmpbm/The%20Chandlery%20Ad.pdf?dl=0 I just placed an order for a couple of Bistro Mugs and the tan hat posted earlier in this thread (not on the flyer and in short supply as it was a limited run). The order wi...
by Silk McCue
Fri Dec 08, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: router - can I set it up myself?
Replies: 15
Views: 1090

Re: router - can I set it up myself?

I installed Google Wifi product yesterday. Easiest install ever using the app on my iPhone. They also have app for android. I bought a 3 pack and my wifi access throughout my house is greatly improved.
by Silk McCue
Fri Dec 08, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Please suggest a dry hands product
Replies: 82
Views: 3479

Re: Please suggest a dry hands product

Miracle Hand Repair is a product I can highly recommend.
by Silk McCue
Fri Dec 08, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Analyzing Expense Ratios
Replies: 39
Views: 2177

Re: Analyzing Expense Ratios

Taking a look at your spreadsheet: Year 1 with Oppenheimer $4,200*(1.0668%) = $4480.56, amount of full return $4,200*(1.08%)=$4,536.00, the difference being $55.44 which is paid to fee's. When looking at Vanguard's fund comparison calculator, the potential amount that can be generated from mutual f...
by Silk McCue
Thu Dec 07, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 181
Views: 10836

Re: Do people still use AAA?

AAA gives me confidence to know that my wife won't be stranded if I'm not around when she needs assistance. Priceless.
by Silk McCue
Thu Dec 07, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Analyzing Expense Ratios
Replies: 39
Views: 2177

Re: Analyzing Expense Ratios

Part of the answer to your question depends on how much money you plan to save and we don't know that yet. We also don't know how much you would have to put into the 401k to get the entire match and how much the match actually is. Knowing those numbers might make it easier to visualize your situati...
by Silk McCue
Wed Dec 06, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Analyzing Expense Ratios
Replies: 39
Views: 2177

Re: Analyzing Expense Ratios

I just built a simple spreadsheet that I proposed earlier and find the following. Assuming annual 3k invested with 3k match with return of 4% annual for 20 years you end up with $185,815. Assuming annual 3k invested without a match with return of 7% for 20 years you end up with $131,596. Company mat...
by Silk McCue
Wed Dec 06, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Analyzing Expense Ratios
Replies: 39
Views: 2177

Re: Analyzing Expense Ratios

Your best bet would be to build a spreadsheet that modeled your specific circumstances to determine where and if a benefit exists. If it exists I expect it will be optimum at the full match. You would of course compare the performance of that secenario against just a straight investment at Vanguard ...
by Silk McCue
Tue Dec 05, 2017 1:40 pm
Forum: Investing - Theory, News & General
Topic: Account Valuation Report
Replies: 1
Views: 264

Re: Account Valuation Report

Adobe has a tool to do this. I have never tried it. Use the link below to sign up for the service with the first week free. You can cancel before the week is up and not pay the $14.99 per month fee. You would at least be able to look at the results and see if it has value for you. They have a stripp...
by Silk McCue
Sun Dec 03, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA 2018 Contribution
Replies: 15
Views: 2212

Re: ROTH IRA 2018 Contribution

Direct from your bank is just fine and the simplest especially if already set up.
by Silk McCue
Sun Dec 03, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying Roth
Replies: 2
Views: 305

Re: Simplifying Roth

If you want simple for an 80/20 go with Lifestrategy Growth Fund is a great option. Set it and forget it. LifeStrategy Moderate Growth Fund is 60/40.
by Silk McCue
Sun Dec 03, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA 2018 Contribution
Replies: 15
Views: 2212

Re: ROTH IRA 2018 Contribution

You can invest any amount at anytime throughout the year up to the maximum. You can invest in any available fund at anytime within the ROTH account. You can move your funds from one fund to another within the Roth account at anytime. The government does not care about any of this. They just care abo...
by Silk McCue
Wed Nov 29, 2017 1:04 pm
Forum: Personal Consumer Issues
Topic: Car Rental
Replies: 22
Views: 1123

Re: Car Rental

On Orbitz for those dates Hertz has a Full Size for $817 total. Flagged as a "Great Deal" and I would have to agree.

Costcotravel.com shows the best rates they have at Alamo 8/1/18 - 8/31/18.
Economy - $1111
Compact - $1168
Intermediate - $1281
Fullsize - $1337
by Silk McCue
Sat Nov 25, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Should I keep the new iPad I bought or return it?
Replies: 51
Views: 3669

Re: Should I keep the new iPad I bought or return it?

Sitting on the couch watching TV and perusing bogleheads and etc. using my iPad. Much more enjoyable than on my iPhone 6 Plus. The increased landscape provides me significant benefit including reading books. Most recent purchase was "Can I Retire Yet" by Darrow Kirpatrick. Good price point on your i...
by Silk McCue
Thu Nov 23, 2017 6:55 am
Forum: Investing - Theory, News & General
Topic: UAE (Dubai) Bogleheads Chapter in the News
Replies: 4
Views: 610

Re: Our UAE local chapter is in the news

Congratulations on the the news article. I took a quick look around your website - nice job. It looks like you have a very healthy chapter.

Wishing you a very Happy Thanksgiving!
by Silk McCue
Tue Nov 21, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: Transportation from Orlando Airport to Port Canaveral
Replies: 7
Views: 780

Re: Transportation from Orlando Airport to Port Canaveral

Check this company out.

http://www.cbshuttle.com/port-canaveral-rates.htm

$33 to Port Canaveral/ Cocoa Beach from the airport. Uber currently shows $48.
by Silk McCue
Mon Nov 20, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring $$ from Ally
Replies: 19
Views: 1259

Re: Transferring $$ from Ally

I would think a ACH transfer from Ally to your brick and mortar would be the most direct and likely fee free approach. It is more deterministic in my mind as opposed to a pull request.
by Silk McCue
Mon Nov 20, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14092

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I think it's fine if Dave Ramsey has no credit cards... He doesn't. Anyone that wants to get a from the horse's mouth perspective on his philosophy read the following transcript from a call from his radio program. If you've never heard him I'd suggest you take the time to listen to the recording as...
by Silk McCue
Sun Nov 19, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14092

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Dave's number one sin is claiming one can safely withdraw 12% per year of retirement funds. However as of late he stays that even if I'm half right you'll still have plenty of money. A 6% withdrawal rate is also not a safe withdrawal rate. DA Dave Ramsey doesn't say this. Please google this and pos...
by Silk McCue
Sun Nov 19, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14092

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Dave's number one sin is claiming one can safely withdraw 12% per year of retirement funds. However as of late he stays that even if I'm half right you'll still have plenty of money. A 6% withdrawal rate is also not a safe withdrawal rate. DA Dave Ramsey doesn't say this. Please google this and pos...
by Silk McCue
Sat Nov 18, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Take Pension or Lump Sum payout?
Replies: 12
Views: 1190

Re: Take Pension or Lump Sum payout?

Wyatt - Our household is in the Florida Retirement System. 2 years into DROP and 3 years until retirement 2.6% COLA. at the end of 5 years we will have five years of pension payments waiting for us on retirement day (and that is no small sum). Our annual benefit is smaller than yours. I wouldn't tra...