Search found 80 matches

by captpete
Tue May 15, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: Home Health Aids Cincinnati
Replies: 4
Views: 548

Re: Home Health Aids Cincinnati

Thanks guys. I'll look into these. sorry to be so late in responding I didn't see these responses.
by captpete
Mon Apr 30, 2018 1:11 am
Forum: Personal Consumer Issues
Topic: Home Health Aids Cincinnati
Replies: 4
Views: 548

Home Health Aids Cincinnati

Hello Everyone, This site has become my go to for just about everything so I thought I would give this a try. Anyone on here have any positive/negative experience with Cincinnati based Home Health Aids for the elderly? We are in need of bathing, feeding, help getting into wheelchair and into bath, h...
by captpete
Sun Apr 22, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 1624

Re: Long term care ins John Hancock

The details matter. Long term care insurance is not the same thing as nursing home insurance (it never was). Medicare and VA benefits usually cover hospice care (to include home hospice care). Hospice care coverage with the diagnosis of a terminal condition is a very different situation than assist...
by captpete
Sat Apr 21, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 1624

Re: Long term care ins John Hancock

My mom has a JH LTC policy that she has been receiving benefits on since 2011 or 2012. It pays the full cost of the memory care assisted living facility where she is. I called the insurance agent while originally sold her the policy when we needed to initiate the claim and he got it all started. Si...
by captpete
Sat Apr 21, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 1624

Re: Long term care ins John Hancock

Thank you all for so many informative responses. This is all very helpful as I have been digging around, literally, and have made progress. I am now, four hours later, registered online with JH and have a clear description of what appears to be a decent plan. Nursing home assisted living, in home ca...
by captpete
Sat Apr 21, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Long term care ins John Hancock
Replies: 32
Views: 1624

Long term care ins John Hancock

Any one in here have LTC ins through John Hancock? My dad is in hospice care and he and his wife purchased this ins 10 years ago. I have been given the task of finding out the details of the policy. I've called the 800# and had a very difficult conversation with a "claims rep" she said she would ema...
by captpete
Fri Mar 23, 2018 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement account strategy
Replies: 3
Views: 937

Re: Retirement account strategy

Thank you for these replies. I just now saw them.

I will look into starting a business. I'm glad you said something about the 1%, It is actually more like 1.3% so that is a no-brainer.

Thanks again for your help
by captpete
Thu Mar 15, 2018 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement account strategy
Replies: 3
Views: 937

Retirement account strategy

Hello everyone, I have been trying to maximize our retirement account efficiency tax wise. I feel like it's all bs that I have to spend so much time on this and that the language and rules and tax structure is so complicated. We make too much to do Roth's so we back door. I have a 401k at work she w...
by captpete
Sun Mar 11, 2018 2:04 am
Forum: Personal Consumer Issues
Topic: Investigating FA
Replies: 1
Views: 411

Investigating FA

Hello, My wife's employer just switched FA for custodian of their Simple IRA from a shyster with New York Life to a shyster with American Funds. After reading over the "contract" my wife must sign to participate in the plan I found a lot of language that seems to give the FA full autonomy and contro...
by captpete
Mon Mar 05, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA American Funds
Replies: 6
Views: 508

Re: Simple IRA American Funds

I thought I was only permitted to transfer from Simple IRA once a year? is this not so? You can only do one IRA -> IRA indirect rollover per twelve month period. You can do as many direct trustee -> trustee transfers as often as you want. The SIMPLE IRA custodian must allow no cost transfers at les...
by captpete
Sat Mar 03, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA American Funds
Replies: 6
Views: 508

Re: Simple IRA American Funds

I thought I was only permited to transfer from Simple IRA once a year? is this not so?

And thanks for your responses
by captpete
Thu Mar 01, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA American Funds
Replies: 6
Views: 508

Simple IRA American Funds

Hi All, So my wife's employer just switched from New York Life Retirement funds to American Funds for their Simple IRA, different FA as well. The NYL Mainstay funds are terrible, they come with a front load 5.75% then yearly 1-2% I can't remember. The American Funds have a 1.39% fee yearly. A couple...
by captpete
Tue Feb 27, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Back-Door Roth
Replies: 3
Views: 247

Re: Back-Door Roth

Your wife shouldn’t do a backdoor Roth due to the simple, but you can. If she has had a simple Ira, and does a backdoor Roth, then probably what your cpa is talking about is the pro rata rule. https://www.kitces.com/blog/the-impact-of-the-ira-aggregation-rule-on-after-tax-distributions-roth-convers...
by captpete
Tue Feb 27, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Back-Door Roth
Replies: 3
Views: 247

Back-Door Roth

I just got my taxes done with a CPA. My initial refund was going to be 10k then after I sent her our year end statements for TIRA's our refund went down to 7800. She says that the "carry over basis" had something to do with me being taxed on a "big chunk" of our contributions. The thing is that I do...
by captpete
Sat Feb 24, 2018 2:52 am
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 4415

Re: What books changed your outlook on how you should invest?

As a teenager I invested in actively managed mutual funds then as a young adult, early to mid 20's, I invested in individual stocks. When I got married at 26 I took a hard look at my inability to invest wisely and so went with a retail investment group Raymond James. I felt good with Raymond James, ...
by captpete
Mon Dec 04, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of going "back" to school nearing 40?
Replies: 24
Views: 3034

Re: Thinking of going "back" to school nearing 40?

Thank you everyone for these replies. I am reading each one carefully and as I am encouraged I am also reserved. Truly, thank you all.
by captpete
Sun Dec 03, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of going "back" to school nearing 40?
Replies: 24
Views: 3034

Re: Thinking of going "back" to school nearing 40?

Thank you for those thoughts I will consider that. I am not planning on taking on debt. I am struggling with the schedule
by captpete
Sun Dec 03, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of going "back" to school nearing 40?
Replies: 24
Views: 3034

Thinking of going "back" to school nearing 40?

Hello All, I am considering going back to school and would like to hear if anyone else on here has done this close to my age/situation. I am 37 and have a stable career in the maritime industry with 6 months off per year. My schedule is a bit sporadic though and would make attending classes regularl...
by captpete
Sun Sep 17, 2017 3:14 pm
Forum: Personal Consumer Issues
Topic: Buying nightguards (teeth grinding)
Replies: 52
Views: 4921

Re: Buying nightguards (teeth grinding)

I use one that I got from walmart for sports it's just a mouth piece that you put in hot water then fit it to your mouth. They cost $2.00 and last 5 years. You'll grind though it eventually but it will take a while.
by captpete
Wed Aug 02, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation by account
Replies: 3
Views: 285

Re: Asset allocation by account

Ok, Thank you for the response. This has been vexing me for some time.
by captpete
Wed Aug 02, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation by account
Replies: 3
Views: 285

Asset allocation by account

Hello All, I am curious as to how I should balance our portfolio. We have 6 accounts His and Her Roths and TIRA's and His 401K and a Taxable. The tax deferred and roths make up 1/3 of portfolio and the taxable the rest. If I desire 20% allocation to bonds that would eat up a substantial portion of o...
by captpete
Sun Jul 23, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: HSA vs. FSA
Replies: 11
Views: 1425

Re: HSA vs. FSA

coldday,
Thanks for the reply. I do have co-pays with my current insurance. Which is ridiculous considering the premium and the deductible. I will look into it with HR.
Thanks
by captpete
Wed Jul 19, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: HSA vs. FSA
Replies: 11
Views: 1425

Re: HSA vs. FSA

I have a question on this topic as well. I have health coverage through my employer that also covers my wife. It doesn't say that it is a "HDHP" but it seems to meet the requirements, 4600.00/year premium, 2000.00 deductible for each of us 4000.00 total and 8000.00 Max out of pocket for both of us. ...
by captpete
Fri May 26, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: Septic Pumping - Did I get ripped off?
Replies: 50
Views: 6133

Re: Septic Pumping - Did I get ripped off?

We pay $125.00 every three years. We live in Maryland. That is for a 1000 gallon tank 100' from drive. It's a mom and pop operation that's been around forever. No "nickel and diming"
by captpete
Fri May 26, 2017 7:54 am
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 19
Views: 2627

Re: Understanding a Post Tax 401k

retired jg,
Thanks for that. That is what I had in mind as to how it works
Pete
by captpete
Wed May 24, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 19
Views: 2627

Re: Understanding a Post Tax 401k

Now you got me thinking and I am once again confused about this. I thought the ROTH concept was, Already taxed contributuion grows tax free and the whole thing is distributed tax free. Is this not the case? Or is that just not the case in ROTH 401(K)? But I also don't have that option anymore so it ...
by captpete
Sun May 21, 2017 8:09 am
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 19
Views: 2627

Re: Understanding a Post Tax 401k

Hello, I had a 401(K) at a previous employer that allowed what they called "Chaining" , which is simply after tax contributions. When the company was sold I was permitted to transfer the after tax contribution plus any gains made from those contributions to my IRA's. The contribution and the gains c...
by captpete
Tue May 16, 2017 1:56 am
Forum: Investing - Help with Personal Investments
Topic: AA revisited and Fund Placement?
Replies: 3
Views: 546

AA revisited and Fund Placement?

Hello everyone, I recently posted concerning my AA and how I was having difficulty sticking to it. I believe this occurs due to too many funds over our various accounts. 1. After researching the web using PortfolioVisualizer Back-test and from many recent boglehead posts, here are 3 portfolios that ...
by captpete
Sun May 14, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Trouble sticking to a plan
Replies: 19
Views: 2473

Re: Trouble sticking to a plan

Ok, so this is what I've come up with. I am not computer savy so this took a while. Here is what we have going for us. This is strictly for retirement, perhaps early retirement but not necessarily. The value is in the mid 6 figures. 36/37 Emergency fund 1 years expenses in cash 1 car note at 1.8% fo...
by captpete
Sun May 14, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Trouble sticking to a plan
Replies: 19
Views: 2473

Re: Trouble sticking to a plan

Thank so much for all the replies. I have some time and am going to try to organize this thing as one portfolio as suggested. I am very grateful for your time and I am reading and contemplating each reply and coming up with a plan I can stick to. THanks again to the boglehead community
by captpete
Sun May 14, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Trouble sticking to a plan
Replies: 19
Views: 2473

Re: Trouble sticking to a plan

Hello Everyone, I have had a hard time setting an AA and keeping it. It is critical that you overcome this. What is your AA now? [ color=#408040]85/15. Target is 90/10 stock/cash [/color] I feel like I am timing the market a bit by putting new money into the settlement fund. this is why you see the...
by captpete
Fri May 12, 2017 2:55 am
Forum: Investing - Help with Personal Investments
Topic: Trouble sticking to a plan
Replies: 19
Views: 2473

Trouble sticking to a plan

Hello Everyone, I have had a hard time setting an AA and keeping it. I feel like I am timing the market a bit by putting new money into the settlement fund. Also I am learning more, like Small cap value tilt and emerging market tilt. I am having a hard time setting a solid AA and sticking to it. We ...
by captpete
Tue Mar 21, 2017 12:29 am
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 1269

Re: Getting company to change 401k custodian

Thanks for all the replies. I was about to give up but we are talking about a significant portion of my retirement here so I feel obligated to at least try. I am taking into consideration all of your advice. Thanks again
by captpete
Sun Mar 19, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 1269

Re: Getting company to change 401k custodian

We have 2900 employees. According to brightscope the plan has 112 million
by captpete
Sun Mar 19, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 1269

Re: Getting company to change 401k custodian

I don't know any of the costs from other custodians. I guess I will call VG and see if they can help me
by captpete
Sun Mar 19, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 1269

Getting company to change 401k custodian

Has anyone on here ever been successful getting HR to change the companies 401k custodian over fees. I am composing a letter and adding some excel spread sheets and an article from brightscope and investopiedia to augment my case a bit. Any advice?
Thanks
by captpete
Sun Mar 19, 2017 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: 401k worth the fees?
Replies: 10
Views: 1225

Re: 401k worth the fees?

Ok guys thanks for the replies. It is very difficult to participate in something I know is mismanaged. I am composing an email to the HR administrator who is responsible for the 401k. I hope she is honest.
Thanks again
by captpete
Fri Mar 17, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: 401k worth the fees?
Replies: 10
Views: 1225

Re: 401k worth the fees?

age-35, not planning on working past 50 though
Married filing jointly
tax bracket 28% fed 9% state md
I use the self directed option on 401k so I save 1% which gets it down to 1.25% plus fund fees
No deductible IRA make too much
Back door Roth every year
by captpete
Fri Mar 17, 2017 5:13 am
Forum: Investing - Help with Personal Investments
Topic: 401k worth the fees?
Replies: 10
Views: 1225

Re: 401k worth the fees?

I had 118000 as of march of 16' now 150k with 18k I put in. I am not able to calculate a 22% return
by captpete
Fri Mar 17, 2017 1:26 am
Forum: Investing - Help with Personal Investments
Topic: 401k worth the fees?
Replies: 10
Views: 1225

401k worth the fees?

Hi all, We recently were able to transfer my wife's SIMPLE IRA to VG from Mainstay target funds, which are terrible. She receives a 3% match and once I found out about the 2 year rule I was thrilled to learn that we can now shelter more income from taxes. However my 401k which is much larger does no...
by captpete
Mon Feb 13, 2017 7:11 pm
Forum: Investing - Theory, News & General
Topic: What is the prediction of future long-term returns for your portfolio?
Replies: 64
Views: 7034

Re: What is the prediction of future long-term returns for your portfolio?

Hi everyone, I was just perusing the forum and found this thread. I am a bit alarmed by some of the posts here. I have anticipated annual return at 7%. That's not including inflation but that was what I am hoping/planning on getting to reach my goals. Also, my 401k requires at least 7% return being ...
by captpete
Mon Jan 30, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 3
Views: 801

Re: HSA question

Ok. That's kinda what I figured.

Thanks
by captpete
Mon Jan 30, 2017 4:48 am
Forum: Personal Finance (Not Investing)
Topic: HSA question
Replies: 3
Views: 801

HSA question

Hello everyone, My wife and I are covered under my insurance through my employer which does not offer a HSA HDHP. She works for a small business, less than 20 employees and is offered a HSA with small match through her employer but no insurance. I asked the owner about it and his answer was that "we...
by captpete
Fri Jan 27, 2017 6:09 am
Forum: Personal Consumer Issues
Topic: Volunteering Ideas
Replies: 87
Views: 7253

Re: Volunteering Ideas

Who Dey? I am assuming you are close to Cincy, in which case I recommend City Gospel Mission in OTR. They provide a needed service to the city and the folks they serve have very real needs i.e. mental disorders and drug addiction. You can volunteer your time serving meals or through other means. Loo...
by captpete
Wed Jan 25, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring out of Simple IRA to TIRA
Replies: 9
Views: 1016

Re: Transferring out of Simple IRA to TIRA

I was under the impression that I am limited to a yearly transfer? I'll look into this. Thanks for that
by captpete
Wed Jan 25, 2017 3:16 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement 2045 Fund (VTIVX) Question
Replies: 16
Views: 2584

Re: Vanguard Target Retirement 2045 Fund (VTIVX) Question

We are 35/36 and recently adjusted her Roth from 2045 to the 2055 fund. This is also the default fund she is to invest the taxable acct and my retirement accts into if anything should happen to me. It's just too easy. I am considering putting everything into it just so I don't have to do any re-bala...
by captpete
Wed Jan 25, 2017 2:56 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones [Looking for alternatives]
Replies: 85
Views: 6721

Re: Edward Jones [Looking for alternatives]

My wife and I went to Raymond James, another high fee brokerage, and were with them for about two years. We had sold a house and had about 150k to invest. A well respected and well intended family member said "Call Raymond James", so we did. I had taken a proactive approach to investing and read a f...
by captpete
Wed Jan 25, 2017 2:33 am
Forum: Investing - Help with Personal Investments
Topic: Transferring out of Simple IRA to TIRA
Replies: 9
Views: 1016

Re: Transferring out of Simple IRA to TIRA

Thanks for the response. I have struggled with the 8606 for a while now. I will try to submit a question about it if I can articulate it properly. I understand that our, my wife's and my, IRA's are separate when it comes to basis. Just that her's adds to my confusion. Today I changed her contributio...
by captpete
Tue Jan 24, 2017 3:17 am
Forum: Investing - Help with Personal Investments
Topic: Transferring out of Simple IRA to TIRA
Replies: 9
Views: 1016

Re: Transferring out of Simple IRA to TIRA

Thanks for your response. My concern about "Basis" is that I am 2 years into Ira conversions and recharacterizations and trying to navigate the IRA scheme has proven to be quite confusing. I always did our taxes on turbo tax but could not figure out the "Keep track of Basis" option on turbo tax last...