Search found 222 matches

by Swimmer
Thu Mar 22, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: Medicare IRMAA
Replies: 19
Views: 1666

Re: Medicare IRMAA

I am trying to understand how Medicare IRMAA (Income Related Income Adjustment Amounts) would work in the following case: 1) We have a lot of U.S. EE Savings Bonds where we have deferred paying tax on their annual interest until they will mature in 2022. So in 2022 we will have a 'huge' amount of i...
by Swimmer
Wed Mar 21, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roth withdrawals and IRMAA
Replies: 10
Views: 630

Re: Roth withdrawals and IRMAA

Thanks, all, for your responses. I knew I’d get good info here! Lady Geek, thanks for fixing my spelling.
by Swimmer
Wed Mar 21, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Roth withdrawals and IRMAA
Replies: 10
Views: 630

Roth withdrawals and IRMAA

We’ve been retired for some time and have yet to make a Roth withdrawal. I have two questions: I know our Roth withdrawals will be Federal tax free but must they be reported on one’s tax return? If so, where? Also, would Roth withdrawals be included in MAGI for IIRMA purposes like tax-exempt interes...
by Swimmer
Wed Feb 28, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: What age is too old to stop hostelling?
Replies: 54
Views: 5116

Re: What age is too old to stop hostelling?

I was going to ask if something called "Elderhostel" still existed. Then I just Googled it myself, and was surprised to find it wasn't Elderhostel but something called Road Scholar. Now catering to Baby Boomers and less hostel-like, I guess. No, not hostel-like. I’m booked on a RS program to see th...
by Swimmer
Sun Feb 25, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: 529 allocation for 10 & 12 year olds
Replies: 12
Views: 864

Re: 529 allocation for 10 & 12 year olds

I just switched them to the moderate portfolio. I think you’re correct that the timeframe is rather short. I’ll sleep better :happy
by Swimmer
Fri Feb 23, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 2896

Re: Refund? Not so fast! [Tax refund]

Swimmer wrote:
Fri Feb 23, 2018 6:31 pm
pennstater2005 wrote:
Fri Feb 23, 2018 6:30 pm
Swimmer wrote:
Fri Feb 23, 2018 6:29 pm
pennstater2005 wrote:
Fri Feb 23, 2018 6:23 pm
Swimmer wrote:
Fri Feb 23, 2018 6:09 pm
Uh-oh. Now I’m worried :shock:
When did you file?

Regular mail February 6.
Direct deposit for refund?
Yes
The refund is negligible. But I would like to be sure they got the return. The site won’t give me that info yet.
by Swimmer
Fri Feb 23, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 2896

Re: Refund? Not so fast! [Tax refund]

pennstater2005 wrote:
Fri Feb 23, 2018 6:30 pm
Swimmer wrote:
Fri Feb 23, 2018 6:29 pm
pennstater2005 wrote:
Fri Feb 23, 2018 6:23 pm
Swimmer wrote:
Fri Feb 23, 2018 6:09 pm
Uh-oh. Now I’m worried :shock:
When did you file?

Regular mail February 6.
Direct deposit for refund?
Yes
by Swimmer
Fri Feb 23, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 2896

Re: Refund? Not so fast! [Tax refund]

pennstater2005 wrote:
Fri Feb 23, 2018 6:23 pm
Swimmer wrote:
Fri Feb 23, 2018 6:09 pm
Uh-oh. Now I’m worried :shock:
When did you file?

Regular mail February 6.
by Swimmer
Fri Feb 23, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 2896

Re: Refund? Not so fast! [Tax refund]

Uh-oh. Now I’m worried :shock:
by Swimmer
Fri Feb 23, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 54
Views: 2910

Re: anonymous financial gift to student / best gift card option

Upon further thought, my vote is to send him a Money Order. If he is a potential BH, he’ll put the money in his savings account and use it when he needs it. Carrying around a gift card worth ~$1k isn’t something I’d want to do and it pays no interest whatsoever. Besides, a money order is kind of qua...
by Swimmer
Fri Feb 23, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 54
Views: 2910

Re: anonymous financial gift to student / best gift card option

I think your generosity is admirable. That said, in this day and age, the student could feel very uncomfortable about the anonymous nature of this gift. Can you possibly just tell the student you admire the path they are taking and would like to help. That is, drop the anonymity. Also, keep in mind ...
by Swimmer
Fri Feb 23, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refund? Not so fast! [Tax refund]
Replies: 30
Views: 2896

Refund? Not so fast! [Tax refund]

Just went to irs.gov to try to check status of my refund. They have a tweet posted indicating things take time and refunds should start arriving by February 27.

Hmmm.
by Swimmer
Wed Feb 21, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Tiny Windfall But Big Help
Replies: 11
Views: 1390

Re: Tiny Windfall But Big Help

indexonlyplease wrote:
Wed Feb 21, 2018 10:40 am
Sandtrap wrote:
Wed Feb 21, 2018 10:31 am
Car Loan.
Avoid future debt.
j :D
+1
+1 I just paid off my 2.4% car loan. Feels good.
by Swimmer
Mon Feb 19, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 9767

Re: Job is starting to suck the life out of me.

I’m very happily retired now, but looking back I see that I took things much too seriously and cared far too much. That’s my nature. I would have been much happier had I just lightened up and gone with the flow. I worked for Government and not-for-profits. So glad we saved and were able to retire ea...
by Swimmer
Sat Feb 17, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 29
Views: 2489

Re: what is marginal tax rate?

Thanks, all, for the explanations. :happy
by Swimmer
Fri Feb 16, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 29
Views: 2489

Re: what is marginal tax rate?

A person's marginal tax rate is the highest rate at which an individual's maximum earnings (the last dollar of taxable income that an individual earns) is taxed. Your first dollar of taxable income is taxed at the lowest rate. When your income hits the second tax bracket, THOSE dollars are taxed at...
by Swimmer
Fri Feb 16, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 29
Views: 2489

Re: what is marginal tax rate?

Just a thought...seems like it should be called MAXIMUM tax rate rather than MARGINAL. Why marginal?
Seems strange nomenclature.
by Swimmer
Fri Feb 16, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 7772

Re: IRS Form 8606 (Nondeductible IRAs)

Got tired of waiting. I printed out my return using FFFF. I attached hand written 8606s and mailed it in a week ago. Easy peasy. :happy
by Swimmer
Sun Feb 11, 2018 12:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: [When will 2018 Bogleheads Conference Announcement be Made?]
Replies: 8
Views: 1900

Boglehead Conference

Where would I find info on this year’s conference? I did a search but didn’t find it. I was too late last year.
by Swimmer
Fri Feb 09, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 287
Views: 19782

Re: free dinner investing seminar

Listening to such a pitch would raise my blood pressure and defeat the whole point of a nice dinner out. I’d rather pay for the meal myself and actually enjoy it, or, more likely, cook a nice steak at home for $15 or so. +1. We attended one of these just to see what it was like. The guy in charge k...
by Swimmer
Thu Feb 08, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: 8606 problem TurboTax
Replies: 5
Views: 853

Re: 8606 problem TurboTax

Just MHO but if you know how to do your taxes, why not use FFFF and save yourself aggravation? I abandoned TT several years ago and haven’t looked back.
by Swimmer
Thu Feb 08, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 7772

Re: IRS Form 8606 (Nondeductible IRAs)

Well it's 2/8/2018 and Form 8606 and the instructions are available as pdf forms on the IRS website but the online Free File Fillable Forms (FFFF) still won't let you add the form to your return. It is on the supported form list with an availability listed as today. Does anyone know if there is a d...
by Swimmer
Sun Feb 04, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 7772

Re: IRS Form 8606 (Nondeductible IRAs)

It's now online!
by Swimmer
Fri Feb 02, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 7772

Re: IRS Form 8606 (Nondeductible IRAs)

Why the rush? I usually hold off filing until at least March, lest I get "corrected" 1099s and have to file a 1040X. In my case, the "rush" is I've moved on to other more important projects now and want to slam the door on this still pending project which I began in December when preliminary tax so...
by Swimmer
Fri Feb 02, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 7772

Re: IRS Form 8606 (Nondeductible IRAs)

Why the rush? I usually hold off filing until at least March, lest I get "corrected" 1099s and have to file a 1040X. The “rush” for me is the increase in the probability of someone filing a return FOR me to fraudulently claim a refund. This is a legitimate concern, especially for taxpayers in Flori...
by Swimmer
Tue Jan 30, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8606 (Nondeductible IRAs)
Replies: 60
Views: 7772

Re: IRS Form 8606 (Nondeductible IRAs)

Unless rules have changed, you can go ahead and file the Federal return and mail the 8606s separately. I used a 2016 8606 to do the calculations to determine the taxable amounts that are used on the 1040. That calculation doesn’t change even though the form might. That said, I’ll wait until 2/8 to g...
by Swimmer
Fri Jan 26, 2018 6:09 pm
Forum: Personal Consumer Issues
Topic: April in Paris - Your favorites or suggestions?
Replies: 48
Views: 2027

Re: April in Paris - Your favorites or suggestions?

I got here too late and everyone stole my ideas! So very much to see. Be sure to learn a bit of “French for tourists. “ The locals appreciate the effort. Have a wonderful time.
by Swimmer
Fri Jan 26, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: What steps should my sister and I go through to claim our inheritance?
Replies: 21
Views: 2759

Re: What steps should my sister and I go through to claim our inheritance?

I know nothing about real estate in AL. Here in FL it’s easy to check title and changes of ownership. Just go to the appropriate county tax collector and property Appraiser’s sites. With very little effort you can find what you’re looking for. They even post the legal documents where a change of own...
by Swimmer
Fri Jan 26, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2430

Re: Trip cancellation insurance

Thanks, everyone, for sharing your experiences and advice. This insurance is strictly trip cancellation and the reasons for such cancellation. I am fully covered for anything medically related. Based on your comments, I have decided not to purchase. As at least one poster said, if I can afford to ta...
by Swimmer
Fri Jan 26, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2430

Re: Trip cancellation insurance

OP here. Thank you all for your thoughts and ideas. One thing I hadn’t considered was credit card. I booked it on my Costco VISA. So, since I have no unusual circumstances that might increase my odds of needing the insurance, I decided to skip it. Thanks to y’all I’m at peace with this decision!
by Swimmer
Thu Jan 25, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2430

Re: Trip cancellation insurance

What are the reasons allowed for cancellation? At that price it sounds like you can for many reasons. Somewhat complex. They have what they term “covered” and “non covered” reasons. Covered includes illness, an injury that would require cancellation, a death in family—same for your traveling compan...
by Swimmer
Thu Jan 25, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2430

Re: Trip cancellation insurance

Skip it. If a situation comes up in your life where you have to cancel a trip and eat the cost, you will still more than likely come out ahead financially by not paying for trip cancellation insurance every time you go on vacation. The other thing to consider is if something happens to you before y...
by Swimmer
Thu Jan 25, 2018 6:52 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat the urge to spend?
Replies: 68
Views: 3847

Re: Strategies to combat the urge to spend?

It is such a pain in the butt to spend money I don't see how anyone has the urge to spend it. A new car? You gotta go to the internet to research, then communicate with dealers, talk to your friends, go into the dealer, test drives, negotiate, and all the other crap that goes with it. I hate it. Th...
by Swimmer
Thu Jan 25, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2430

Re: Trip cancellation insurance

Meant to add...no, I haven’t gotten any other quotes. Not sure who to check with?
by Swimmer
Thu Jan 25, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2430

Re: Trip cancellation insurance

Have you gotten other trip insurance quotes? $611 sound a bit expensive. What kind of tour is it? Are you going with anyone? I have paid for trip insurance but most of my trips involve biking, skiing, etc. So if I lose my gear it pays for rentals. The last was around $300 I think for insurance on a...
by Swimmer
Thu Jan 25, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2430

Trip cancellation insurance

I booked a tour to the tune of about $5600 through Road Scholar. Trip cancellation insurance is $611. I have 5 days to decide whether or not to purchase it. On most of my travel, I decline it and have been lucky so far. OTOH this is a pricey trip. I’d love to hear some opinions. To me, $611 sounds e...
by Swimmer
Mon Jan 15, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1487

Re: Will IRS make paper tax forms available?

Forgot to add: they will begin accepting returns January 23. What’s up with that? Why not as soon as the taxpayer has his return ready? Why would they begin accepting returns when they know that their forms are not all updated yet? I know. Right? If I ran the IRS I’d have all forms available immedi...
by Swimmer
Mon Jan 15, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1487

Re: Will IRS make paper tax forms available?

Forgot to add: they will begin accepting returns January 23. What’s up with that? Why not as soon as the taxpayer has his return ready?
by Swimmer
Mon Jan 15, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1487

Re: Will IRS make paper tax forms available?

From irs.gov I was able to get 2017 Form 1040, Sch. A, Sch. D. Still no 2017 Forms 8606 online. Sch. A and D were available about a week before 1040. Maybe it’s me but it seems weird that they are being posted piecemeal. I’ve not seen this in previous years. There’s no explanation/apology on the site.
by Swimmer
Tue Jan 09, 2018 4:53 pm
Forum: Personal Consumer Issues
Topic: Fertilize dormant plants in winter?
Replies: 13
Views: 984

Re: Fertilize dormant plants in winter?

I’m a Master Gardener. We discourage fertilizing in the winter. The reason is it stimulates new growth. New growth is very tender and vulnerable to the cold. Ultimately, it is very possible the health of the plant will be at risk. Wait until early Spring.
by Swimmer
Mon Jan 08, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help with giving inheritance money to mother
Replies: 16
Views: 1814

Re: Help with giving inheritance money to mother

Money is fungible. If you give money to your mother in some restricted way or even pay some of her bills directly, it will free up her own money so that more of it is available to give to your brother. You would indirectly be giving money to your brother, in a way. Sticky situation there. If you bu...
by Swimmer
Mon Jan 08, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance
Replies: 6
Views: 613

Re: Investing Inheritance

Thank you. It feels surreal to know there is that much money right now in our bank account. I am very grateful and do not want to take this "gift" lightly. "GeGe" was a wonderful woman and we want to make her proud. <3 It has definitely been an eye-opening experience though, because we have definit...
by Swimmer
Sun Jan 07, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1454

Re: POA and Legal liability

I just want to add that I’m sorry you are in this unfortunate and stressful position. You’ve received some thoughtful comments and opinions but, in the end, only you can make the decisions. Your caring for your brother is commendable and it’s obvious you have his best interests at heart. You will ma...
by Swimmer
Sun Jan 07, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1454

Re: POA and Legal liability

The caregivers feel that if he is in a home they will medicate him to the point where he sleeps all the time and he will lose himself. Here is another question that just developed last night.The father of the caregiver is a realtor and they are now talking about buying his home and having him live ...
by Swimmer
Sun Jan 07, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1454

Re: POA and Legal liability

Wow. That’s interesting. Sounds like if they own the home, they take on any liability. They would now be operating a business out of their home and would likely need to jump through legal hoops (license? Etc.) that entails. One thought, and I hate to bring it up, is what if they decide they no longe...
by Swimmer
Sun Jan 07, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: POA and Legal liability
Replies: 35
Views: 1454

Re: POA and Legal liability

Umbrella insurance is your best financial friend-in my opinion. We all worry about getting sued and you are stepping into a situation in which you could have legal liability-I'm not an attorney-that's whom you need to consult. You want to do right by your brother and have inherited a complicated si...
by Swimmer
Thu Jan 04, 2018 6:52 am
Forum: Personal Consumer Issues
Topic: Anyone been to Corsica?
Replies: 5
Views: 576

Re: Anyone been to Corsica?

Thanks, all, for your posts. Very helpful!
by Swimmer
Wed Jan 03, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: Anyone been to Corsica?
Replies: 5
Views: 576

Anyone been to Corsica?

I’m contemplating a 14 day Road Scholar trip. We fly to Paris, spend a couple days there, then fly to Corsica. The photos on the internet look beautiful but I don’t know anyone who’s been there. Any comments, suggestions welcome.
by Swimmer
Wed Jan 03, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2974

Re: Taxes [Do it yourself or use tax software?]

mouses wrote:
Wed Jan 03, 2018 6:30 pm
Esq123 wrote:
Tue Jan 02, 2018 3:03 pm
Do you do your own taxes or use tax software? If you do your own taxes then what company do you use? If you use tax software then what do you use?

Thanks all.
I do my own taxes. I use the company of me.
+1
by Swimmer
Wed Jan 03, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2974

Re: Taxes

I can't imagine wasting my time studying the tax code any more than absolutely necessary or doing taxes by hand. There are entirely too many other higher value activities to engage in. Reading non-friction business books outside the fields of finance, economics, and personal investing is one of tho...