Search found 1196 matches

by earlyout
Fri Jul 29, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Who should get Power of Attorney?
Replies: 6
Views: 498

Re: Who should get Power of Attorney?

Upon advice of a prior lawyer, my spouse and I have given each other Durable Power of Attorney. Reviewing our estate and other issues, a new lawyer advised us to go further and additionally designate someone else the same PoA. They argue this is needed for circumstances where we are both incapacita...
by earlyout
Fri Jul 29, 2016 3:56 pm
Forum: Personal Consumer Issues
Topic: Breathe Right nasal strips: more economical alternative?
Replies: 16
Views: 1198

Re: Breathe Right nasal strips: more economical alternative?

I have tried a few alternatives but nothing I've tried is comparable to the actual Breathe Right strips. Perhaps I'm lucky but if I remove them carefully and put them in a drawer, I can reuse them for 3-5 nights without any problems.
by earlyout
Fri Jul 22, 2016 2:11 pm
Forum: Investing - Theory, News & General
Topic: Recession post-election?
Replies: 40
Views: 2785

Re: Recession post-election?

My guru on all questions about the future, especially political, financial and economic ones: http://s2.quickmeme.com/img/1b/1bd653ca7760b8bb57c60797e773b15b4c6a92ea476e60e91e2e1e264cd5d43f.jpg (You should hear him chortle and laugh inside my head whenever I get a notion...) I needed a good laugh t...
by earlyout
Wed Jul 20, 2016 7:15 am
Forum: Personal Finance (Not Investing)
Topic: I froze my credit, here's what happened next...
Replies: 20
Views: 3512

Re: I froze my credit, here's what happened next...

A reminder that the credit bureaus keep separate files on each spouse so it is sometimes necessary to unfreeze two accounts for a joint credit application such as a mortgage. Our accounts have been frozen for several years and I always had trouble remembering where I hid the PINs but have found in r...
by earlyout
Mon Jul 18, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 57
Views: 7893

Re: Early retirees, at what age did you "retire"? Is it working out?

Retired 16 years ago in my late 50s with the market sliding downhill but everything is working out well. We have not spent as much as we planned and investment performance has exceeded expectations so our retirement funds are holding up better than we could have hoped. Biggest problem initially was ...
by earlyout
Sat Jul 09, 2016 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Can we start another forum section? [Taxation of Social Security benefits]
Replies: 60
Views: 4426

Re: Can we start another forum section? [Taxation of Social Security benefits]

True, and that's why I believe it is much better to look at effective rates.
by earlyout
Wed Jul 06, 2016 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Penalty for not signing up for [Medicare Part D]
Replies: 6
Views: 725

Re: Penalty for not signing up for Schedule D

earlyout, Thank you for your prompt reply. Turned 71 this past April. There are ways to avoid the penalty but let's assume you do not meet any of the requirements. You are 6 years and 3 months (75 months) late in applying for Medicare Part D so your penalty will be 75% of $34.10 each month (about $...
by earlyout
Wed Jul 06, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Penalty for not signing up for [Medicare Part D]
Replies: 6
Views: 725

Re: Penalty for not signing up for Schedule D

You left out an important fact. How old are you? You become eligible for Medicare when you are 65 and the date you retire has no effect on the rates you will pay. (I assume you are talking about Medicare, not income tax forms.)
by earlyout
Wed Jul 06, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 16
Views: 1004

Re: Turning down employer provided universal life insurance?

Do you know for sure that you can name the beneficiary of this policy? You imply that your family would benefit but it is possible the insurance exists for your employer's benefit.
by earlyout
Tue Jul 05, 2016 8:45 am
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 109
Views: 10538

Re: $400,000 Roth Conversions Between Ages 66-69?

earlyout, thanks for example of using tIRA as income to qualify for medical deduction. I thought you were implying some direct tax free withdrawal method and I was missing the boat somewhere :beer Now consider the same example but they also have a $500,000 traditional IRA. Should they use any of th...
by earlyout
Tue Jul 05, 2016 6:50 am
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 109
Views: 10538

Re: $400,000 Roth Conversions Between Ages 66-69?

Long term care expenses are usually tax deductible, so it is good to have some TIRA dollars to use for these expenses should that be necessary. I'm not sure I understand this point. Even if these expenses are tax deductible, what's the advantage of having tIRA dollars available. As far as I know, t...
by earlyout
Mon Jul 04, 2016 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 109
Views: 10538

Re: $400,000 Roth Conversions Between Ages 66-69?

Although there are good arguments for converting all of your traditional IRAs to Roth, please make sure you have good LTCI before you convert all of your TIRA to Roth. Long term care expenses are usually tax deductible, so it is good to have some TIRA dollars to use for these expenses should that be...
by earlyout
Mon Jul 04, 2016 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 109
Views: 10538

Re: $400,000 Roth Conversions Between Ages 66-69?

So, in theory every year you would ask Vanguard to set up a "new" Roth account to handle that year's conversion, and they would have no objection to that? You could end up with quite a few Roth accounts under this system. Would Vanguard consolidate them at some point, just to neaten thing...
by earlyout
Wed Jun 29, 2016 4:59 pm
Forum: Personal Consumer Issues
Topic: Any VW or Audi TDI owners out there with thoughts on settlement?
Replies: 32
Views: 2502

Re: Any VW or Audi TDI owners out there with thoughts on settlement?

I purchased a low mileage 2011 A3 TDI for $19,000 a little over a year ago. Audi will buy it back for $25,900 or pay me $6900 if I let them fix it. Either way its a good deal. Based on what I have read, these payouts will not change if I wait as long as possible to decide. Cancel my collision? I thi...
by earlyout
Thu Jun 23, 2016 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees >65 y/o: How much do you spend on health insurance?
Replies: 17
Views: 2226

Re: Retirees >65 y/o: How much do you spend on health insurance?

For two of us Medicare is $210/month and we pay $195/month for secondary medical insurance subsidized by a former employer. The secondary insurance includes Part D and a Medicare supplement comparable to Medigap F. No dental or vision.
by earlyout
Thu Jun 23, 2016 11:33 am
Forum: Personal Consumer Issues
Topic: Replacing rotten stud in wall
Replies: 32
Views: 2476

Re: Replacing rotten stud in wall

The $3000 is reasonable considering that it will take parts of at least 3 days to do the work. The bid included fixing the drywall and repainting. Do you know for certain that the rotten studs and sill plate did not have termite damage before they got soaked with water? Rotten wood like you describe...
by earlyout
Mon Jun 20, 2016 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house and IRS question
Replies: 19
Views: 1105

Re: Buying a house and IRS question

Did you include the two 1099's on your tax return?
by earlyout
Tue Jun 14, 2016 11:42 am
Forum: Personal Consumer Issues
Topic: Moving cross country. Tips? Insurance needed?
Replies: 12
Views: 718

Re: Moving cross country. Tips? Insurance needed?

Our most recent long distance move was 7 years ago but I would strongly advise you to get full replacement insurance from the moving company. It has been our experience that if the movers know their company is responsible for everything that is damaged or lost, they are more careful about how items ...
by earlyout
Wed Jun 08, 2016 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: First experience unlocking my credit
Replies: 5
Views: 575

Re: First experience unlocking my credit

My experience has been similar to Steve's. Our credit bureau accounts have been locked for many years and the few times I applied for a new credit card or more typically, changed phone carriers, I would ask which credit agency they used and unlock that account for a few days. It has been troublefree...
by earlyout
Sun Jun 05, 2016 10:14 am
Forum: Personal Consumer Issues
Topic: Best Saw Blade to Purchase for this DIY
Replies: 32
Views: 1695

Re: Best Saw Blade to Purchase for this DIY

Have you tested your procedure? Buy a piece of 4x4 lumber, fix it in an upright position that has a little wobble in it ( I have never seen a newel post that wouldn't move a bit) and then try you jig/sawzall method. Suggest you cut from each of the four sides of the post keeping in mind that the oak...
by earlyout
Mon May 30, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Growth of Medicare Advantage enrollment
Replies: 14
Views: 1167

Re: Growth of Medicare Advantage enrollment

The key here is whether or not Medicare continues to subsidize the MA plans. Part of the original ACA planning was that the subsidization of MA plans would be phased out and eventually eliminated.
by earlyout
Sun May 29, 2016 2:45 pm
Forum: Personal Consumer Issues
Topic: Consumer Cellular - plan changes, eliminating overage charges
Replies: 25
Views: 1864

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: 2122

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? (Update, Pg 2)
Replies: 101
Views: 9037

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: 2313

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: 16774

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: 1165

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: 16774

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: 662

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: 2453

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: 1662

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: 3116

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: 613

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: 3227

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: 3227

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: 555

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: 555

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: 895

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: 2155

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: 3283

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: 3283

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: 3283

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: 1065

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: 1226

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: 1226

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: 2523

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: 730

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: 432

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.

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