Search found 1175 matches

by earlyout
Sun May 29, 2016 2:45 pm
Forum: Personal Consumer Issues
Topic: Consumer Cellular - plan changes, eliminating overage charges
Replies: 12
Views: 873

Re: Consumer Cellular - plan changes, eliminating overage charges

Does Consumer Cellular charge just for the number of days on a particular plan or are you charged for the highest cost plan you use during that billing cycle? I'm guressing it is probably the latter so if you go over at the end of your billing cycle, which is when it will happen, you will move to th...
by earlyout
Sun May 22, 2016 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Understanding How Financial Advisors Are Compensated, by Wade Pfau
Replies: 16
Views: 1962

Re: Understanding How Financial Advisors Are Compensated by Wade Pfau

The article and table unfortunately are misleading. One would come away thinking that fee only advisors do not get commissions. He briefly notes that some advisors can switch between paid by client and paid by commissions, but he implies that these would be called fee based. Many firms call themsel...
by earlyout
Wed May 18, 2016 8:44 pm
Forum: Personal Consumer Issues
Topic: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans?
Replies: 95
Views: 7849

Re: Advice w/ 62YO Mom Moving In - Rent? Resentment? Plans?

Don't overlook the idea of being able to claim your mother as an additional dependent on your income tax return. I suggest you look over the rules for claiming her as a dependent and then try not to structure any financial arrangement with you mother that would jeopardize being able to satisfy those...
by earlyout
Mon May 16, 2016 8:22 am
Forum: Personal Consumer Issues
Topic: Will it hurt my desktop pc if I have it sleep when not in use for 5 minutes?
Replies: 33
Views: 2129

Re: Will it hurt my desktop pc if I have it sleep when not in use for 5 minutes?

Six year old desktop pc and never any hardware problems. I turn it on in the morning and off at night, never sleeps. This gets rid of web history and clears out memory leakages every day. My monitor goes to sleep/power save after 3 minutes of being idle but that comes back in a few seconds.
by earlyout
Wed May 11, 2016 5:38 pm
Forum: Investing - Theory, News & General
Topic: Where is Rick Ferri? [Portfolio Solutions management and fee structure]
Replies: 95
Views: 15832

Re: Where is Rick Ferri? [Portfolio Solutions management and fee structure]

... Hard to know just what happened at one place, but I thought the 0.37% fee used to include financial planning, not just investment management?? Now you get investment management and nothing else for that price. I suspect it is an attempt to hold on to current clients. Since most of the work othe...
by earlyout
Tue May 10, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out best mechanism to become owner of my parents' property
Replies: 10
Views: 1107

Re: Trying to figure out best mechanism to become owner of my parents' property

Do your have an agreement with the mortgage holder that the property can be transferred without the mortgage be due and payable or have you arranged new financing on the property? Do you have an agreement with the others on the FMV of the property?
by earlyout
Sun May 08, 2016 9:44 am
Forum: Investing - Theory, News & General
Topic: Where is Rick Ferri? [Portfolio Solutions management and fee structure]
Replies: 95
Views: 15832

Re: Where is Rick Ferri? [Portfolio Solutions management and fee structure]

Just an fyi to get a few known facts into the discussion. The recent ADV Part 2 filed by Portfolio Solutions shows Mr. Ferri with 25% of Portfolio Solutions and Gladney the other 75%. There is no other mention of Mr. Ferri in this ADV which does gives the credentials of the managers and advisors wor...
by earlyout
Sat May 07, 2016 5:21 pm
Forum: Personal Consumer Issues
Topic: Hitting out of pocket max / Does Aetna track out of pocket spend?
Replies: 7
Views: 615

Re: Hitting out of pocket max / Does Aetna track out of pocket spend?

Read all of your EOB. Every EOB I have received from Aetna over the past 10 years has a section that states how much I have spent OOP for myself and for the family for the current year. If you are paying a provider more than their negotiated rate with Aetna your OOP will not agree with Aetna's since...
by earlyout
Wed May 04, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Should my Mom take a large distribution from her IRA before I inherit it?
Replies: 22
Views: 2333

Re: Should my Mom take a large distribution from her IRA before I inherit it?

Remember that medical expenses incurred by your mother are deductible and could be significant this year. These medical expenses could offset some or all of the income from the Roth conversion.
by earlyout
Sat Apr 30, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Change of Lifestyle in Retirement/Mobility
Replies: 9
Views: 1591

Re: Change of Lifestyle in Retirement/Mobility

So you want to travel and sense the freedom that comes from not being tied to a place or to a career. I retired 15 years ago and this urge to travel was one of the things I needed to satisfy. It took much longer than a couple of years and has not yet been satisfied. The more you travel the more you ...
by earlyout
Fri Apr 29, 2016 8:01 pm
Forum: Personal Consumer Issues
Topic: Atlanta in August -- worth it?
Replies: 51
Views: 2852

Re: Atlanta in August -- worth it?

If you come to Atlanta this summer plan to spend a late afternoon / early evening at the Botanical Garden which is adjacent to Piedmont Park. A new exhibit in the Botanical Garden by the glass sculptor Dale Chihuly opens this weekend and will be there for 6 months. The Botanical Garden by itself is ...
by earlyout
Fri Apr 29, 2016 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Determining state residency
Replies: 5
Views: 577

Re: Determining state residency

Most likely you will have to file as part year resident in both states. However some states have strict rules regarding students establishing residency so they can collect out of state tuition . Check with the university and the revenue department for your new state to see if you will be able to est...
by earlyout
Mon Apr 25, 2016 8:40 am
Forum: Personal Consumer Issues
Topic: Volkswagen DieselGate Compensation - Any Tax Implications?
Replies: 20
Views: 2118

Re: Volkswagen DieselGate Compensation - Any Tax Implications?

Although any future buyback and/or payment for loss of value ($5000?) would not be taxable, what about the $1000 we have already received as a good will gesture by VW? From TDI Goodwill Package FAQ 11. Do I have to claim the TDI Goodwill Package on my taxes? A 1099 form will not be issued for the T...
by earlyout
Mon Apr 25, 2016 7:15 am
Forum: Personal Consumer Issues
Topic: Volkswagen DieselGate Compensation - Any Tax Implications?
Replies: 20
Views: 2118

Re: Volkswagen DieselGate Compensation - Any Tax Implications?

Although any future buyback and/or payment for loss of value ($5000?) would not be taxable, what about the $1000 we have already received as a good will gesture by VW? Is any of that payment taxable?
by earlyout
Mon Apr 25, 2016 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Is this person a dependent relative?
Replies: 3
Views: 530

Re: Is this person a dependent relative?

And not that hard to find.
by earlyout
Sun Apr 24, 2016 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is this person a dependent relative?
Replies: 3
Views: 530

Re: Is this person a dependent relative?

Page 34 of Publication 17 where it defines gross income for qualifying relative states: "Gross receipts from rental property are gross income. Do not deduct taxes, repairs, or other expenses to determine the gross income from rental property".
by earlyout
Wed Apr 20, 2016 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Can I divide my first RMD into 2 half amounts
Replies: 6
Views: 837

Re: Can I divide my first RMD into 2 half amounts

IIRC you can do this but remember that next year you will have 1 1/2 RMDs to pay taxes on.
by earlyout
Tue Apr 19, 2016 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Consumer Cellular- a tale
Replies: 14
Views: 2050

Re: Consumer Cellular- a tale

"Your mileage may vary." A month ago I ported my house phone number from a TMobile VOIP system to voip.ms without any difficulty. I went online to initiate the process and provide the information and numbers requested by voip.ms. A week later my number was active on voip.ms. During that we...
by earlyout
Sun Apr 17, 2016 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house with effectively no long term equity
Replies: 29
Views: 3179

Re: Buying house with effectively no long term equity

Can you get a mortgage on the lease? Does the bank then take ownership of the lease?
by earlyout
Sat Apr 16, 2016 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house with effectively no long term equity
Replies: 29
Views: 3179

Re: Buying house with effectively no long term equity

If you are not familiar with the history of the ownership of Jekyll Island, please take time to study that before you commit money to a project there. I've lived in Georgia for about 15 years and almost every year there is an attempt in the state legislature to open the island to further development...
by earlyout
Sat Apr 16, 2016 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Buying house with effectively no long term equity
Replies: 29
Views: 3179

Re: Buying house with effectively no long term equity

Have you spent a long hot summer month on Jekyll Island? I agree it is an idyllic site but it can be oppressively hot (and unhealthy) some of the time. Living there full time and vacationing there for a week are two are not the same.
by earlyout
Sat Apr 09, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: IRMAA - Medicare Premium adj - how get SS to look at current year?
Replies: 23
Views: 931

Re: IRMAA - Medicare Premium adj - how get SS to look at current year?

Paying higher premiums based on estimated income would then require reconciliation each year and would add at least another hour and at least two pages to your tax return. No thanks. We will pay the same amount for Medicare whether it is current or whether it is billed two years later. It is an inte...
by earlyout
Sat Apr 09, 2016 8:47 am
Forum: Personal Consumer Issues
Topic: fraud detection algorithm for Capitol One credit cards
Replies: 17
Views: 1121

Re: fraud detection algorithm for Capitol One credit cards

HueyLD wrote:What if you are not available to answer the phone, then what?


I let them freeze my card and use a different card until I talk to Capital One and the problem is resolved.
by earlyout
Sat Apr 09, 2016 8:04 am
Forum: Personal Consumer Issues
Topic: fraud detection algorithm for Capitol One credit cards
Replies: 17
Views: 1121

Re: fraud detection algorithm for Capitol One credit cards

It was probably a scam and someone now has the info they need to use your card. It is very unlikely that Capitol One would use email to notify you of a fraud alert. Call Capitol One and ask them what's going on. They may freeze your card immediately. I have used a Capitol One card for over 10 years ...
by earlyout
Thu Apr 07, 2016 6:40 am
Forum: Personal Finance (Not Investing)
Topic: what are the implications of claiming my significant other as a dependent?
Replies: 34
Views: 2406

Re: what are the implications of claiming my significant other as a dependent?

The question is whether or not she qualifies as your dependent since the law does not provide for personal preference in this matter. She is either your dependent or she is not. The question on the return reads "If someone can claim you as a dependent, do not check box 6a." (Do not claim a...
by earlyout
Sat Apr 02, 2016 1:01 pm
Forum: Personal Consumer Issues
Topic: PSA: Free Excel (Kindle) book, limited time
Replies: 6
Views: 698

Re: PSA: Free Excel (Kindle) book, limited time

Just click on "buy now with 1 click". Free. Nothing else to do.

Looked at the book briefly. Very short book and doesn't go into much if any detail. Mostly conceptual.
by earlyout
Wed Mar 30, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Affordable Care Act Premium Calculation
Replies: 3
Views: 399

Re: Affordable Care Act Premium Calculation

Since your are itemizing deductions, be sure to include any excess Premium Tax Credit that you have to repay with your 2015 return as a medical insurance payment for TY 2015. Some tax programs do this automatically, for others you have to add it to your other health insurance premiums on Schedule A.
by earlyout
Wed Mar 30, 2016 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Filing 2015 taxes when 1095-A form is incorrect
Replies: 11
Views: 715

Re: Filing 2015 taxes when 1095-A form is incorrect

The 1095A itself does not get filed with your return but Form 8962, which includes the numbers from your 1095A, is included with your return. At some point the IRS checks returns against the data it has from the marketplace and may or may not take action. I would be more than a bit concerned about a...
by earlyout
Tue Mar 29, 2016 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Filing 2015 taxes when 1095-A form is incorrect
Replies: 11
Views: 715

Re: Filing 2015 taxes when 1095-A form is incorrect

If you file for an extension, and that appears to be the reasonable thing to do, make certain that taxes withheld and/or estimated payments are enough to cover the eventual tax bill. An extension only extends the time for filing the return, it does not extend the due date for the taxes.
by earlyout
Sun Mar 27, 2016 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid cell phone in Mexico?
Replies: 9
Views: 447

Re: Prepaid cell phone in Mexico?

If you have an unlocked CDMA phone, just take it with you and buy a prepaid SIM card for it when you get to Mexico. There are a lot of phone stores. I've done this a couple of times in Mexico and it cost about $10.
by earlyout
Sun Mar 27, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect SS withholding
Replies: 22
Views: 964

Re: Incorrect SS withholding

I agree that it is probably not worth the effort to try to get it changed but I really wonder why you want to have tax withheld from your monthly checks anyway. It works much better if you take an IRA distribution in December and have enough withheld to cover the whole year's income tax bill. That ...
by earlyout
Sat Mar 26, 2016 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect SS withholding
Replies: 22
Views: 964

Re: Incorrect SS withholding

I agree that it is probably not worth the effort to try to get it changed but I really wonder why you want to have tax withheld from your monthly checks anyway. It works much better if you take an IRA distribution in December and have enough withheld to cover the whole year's income tax bill. That w...
by earlyout
Fri Mar 25, 2016 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Buckets or 3 Buckets in Retirement??
Replies: 65
Views: 6415

Re: 2 Buckets or 3 Buckets in Retirement??

retiredjg wrote:I don't use buckets. I just have an overall stock to bond ratio for my entire portfolio.


This works very well for me.
by earlyout
Tue Mar 22, 2016 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid look back question
Replies: 6
Views: 705

Re: Medicaid look back question

Impossible to answer without knowing the state where the house is located. Medicaid recovery (look back) is controlled by state law.
by earlyout
Sat Mar 19, 2016 4:17 pm
Forum: Personal Consumer Issues
Topic: End of Life: Whole Body Donation and Direct Cremation?
Replies: 31
Views: 2736

Re: End of Life: Whole Body Donation and Direct Cremation?

Your will is the best place for these instructions. My will, although I plan to be here for sometime, requires my direct cremation and instructs on what to do with the cremains. Many funeral homes and crematoriums will sell you an insurance policy / services contract that takes care of picking up th...
by earlyout
Sat Feb 27, 2016 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: LT Capital Gains in 15% bracket, and AGI
Replies: 11
Views: 572

Re: LT Capital Gains in 15% bracket, and AGI

Look at line 22 of your Sched D. Your tax was calculated using the Capital Gain and Qualified Dividends worksheet, it was not determined by taking your taxable income and looking it up in the tax tables. Examine the worksheet and satisfy yourself that it is correct. Your AGI and your taxable income ...
by earlyout
Sat Feb 27, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: RMD and Federal income tax
Replies: 14
Views: 1605

Re: RMD and Federal income tax

The easy way to do it is to have the custodian of your IRA withhold federal and state income tax from the monthly IRA distributions. If you are now making quarterly estimated income tax payments, just increase the amount withheld from your IRA distribution each month to pay the taxes on your other t...
by earlyout
Fri Feb 26, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Question about amended returns
Replies: 9
Views: 859

Re: Question about amended returns

If you deducted sales taxes instead of income taxes on your federal returns for those prior years, your new refunds won't matter. If you deducted state income taxes rather sales taxes, then I don't know if you can treat the new refunds as current income or if they will require you to amend your prio...
by earlyout
Fri Feb 26, 2016 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Question about amended returns
Replies: 9
Views: 859

Re: Question about amended returns

I don't know what (nonresident) state your referring to, but usually one has to rework their federal return and their resident state return (unless they live in a state where they do not have to file) to know the correct numbers for the non-resident return. If you then know that your federal return ...
by earlyout
Thu Feb 25, 2016 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Spousal IRA Tax Form Questions
Replies: 5
Views: 437

Re: Inherited Spousal IRA Tax Form Questions

Sorry to hear of your loss.

Did you father take his RMD prior to his passing? If not, was the RMD taken before or after it was rolled over to the new account? The RMD should generate a 1099R.
by earlyout
Tue Feb 23, 2016 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Successor Power of Attorney
Replies: 13
Views: 515

Re: Successor Power of Attorney

If it is such simple thing to do (get a eplacement1099 and address change) why don't you help our sister do it? You can fill out the forms, have her sign, and you can transmit to the custodian. What else is going on here? A successor POA is just that. They are not a joint POA and have no authority u...
by earlyout
Thu Feb 04, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: IRS 1095 equivalent for short term health coverage?
Replies: 16
Views: 953

Re: IRS 1095 equivalent for short term health coverage?

Thanks. I did not know that about COBRA coverage.
by earlyout
Thu Feb 04, 2016 8:00 am
Forum: Personal Finance (Not Investing)
Topic: IRS 1095 equivalent for short term health coverage?
Replies: 16
Views: 953

Re: IRS 1095 equivalent for short term health coverage?

Another interpretation would be that the Health Partners plan does not qualify for MEC and that is why they don't issue 1095s. But it you were covered by Cobra for June and part of July and your new coverage started in September then it is only August when you were not covered and your short term ex...
by earlyout
Sun Jan 31, 2016 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - Ten key years + Summary
Replies: 65
Views: 12444

Re: Retirement - Ten key years

As part of your overall planning process be sure to include some alternate scenarios for life events that may change your overall plans in very drastic ways. What if you or your spouse die a year after your retirement? What if you find that you need LTC for dementia or other dibilitating disease? Wh...
by earlyout
Sat Jan 30, 2016 5:38 pm
Forum: Forum Issues and Administration
Topic: New Board Index Topic - Retirement Planning
Replies: 32
Views: 2591

Re: New Board Index Topic - Retirement Planning

I don't know the percentage but I think most viewers start with the Boglehead.org page where the threads of the different Boglehead forums are mixed together and all new posting are seen by many viewers. Using this page makes it easy to skip something that does not appear interesting and it is much ...
by earlyout
Sat Jan 30, 2016 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement - Ten key years + Summary
Replies: 65
Views: 12444

Re: Retirement - Ten key years

Five years before retirement, start doing your own income taxes if you are not already doing so. You must understand income taxes so you can do a reasonable job of planning for cash to spend, planning Roth conversions, looking at different Social Security claiming strategies, etc.
by earlyout
Fri Jan 29, 2016 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Married filing jointly vs separately when I have business deductions
Replies: 21
Views: 977

Re: Married filing jointly vs separately when I have business deductions

You also want to look at the effect your state income taxes have on your tax situation. Sometimes MFS is better with state income taxes so it may balance out the higher amount you owe on Federal taxes. Look at the complete picture rather than at individual pieces.
by earlyout
Thu Jan 21, 2016 10:23 am
Forum: Personal Consumer Issues
Topic: What was your biggest unexpected home expense?
Replies: 87
Views: 7987

Re: What was your biggest unexpected home expense?

Replacing an $8000 built in refrigerator after 2 1/2 years that we expected to last 12-15 years. It was just out of warranty of course.

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